The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1859-02-12
FINANCIAL AND COMMERCIAL.

The few harsh words used by Louis Napoleon to the
Austrian Minis ter; is said to have caused instantly on
their publication depreciation in funds Of per cent
in France per cent in Russia pr Ct in Sardinia
pr ct. in AUSTRIA 3per cent in Turkey and Ia per
in England. Thus, few unguarded words uttered BY
single individual caused aggregate depreciation in
the nominal value of public stocks and shares in the
European Of sixty millions pounds sterling
Few men can make such expensive speeches.
For the want of something directly bearing up
the finances of country, at the present time,
have extracted the following facts from the early hsto
ry government in reference to the depreciation
Of Continental Honey. Although it may out Of
place here, yet, have doubt, it will be read with
interest by all
"The whole amount of Continental Money ISSUED from
June %, 1875 Now 1179 4241 552, I6O. For
dollar gold silver 17I7, 81 % in paper
received; in JAM 1913, g %; in jan, 1879 u -; in
JAN, 1880 $29 81; in Feb ISL 475-The State
cy was equally deprecated In 1850, what was known
as the new eL ssion made by Massachusetts, but
this rapidly fell value, computation could keep
pace with its decline bushel of wheat was at one pc
riod worth e75 coffee - pr h., sugar g. The paper
continued at an enormous discount till the funding sys
tenn Of Hamilton adopted by Congress- in 1892 and
Tuch of the state currency still in 1900
At the present day few bills still held by ndividu
ais curiosities."
A company has been formed, by heavy capitalists,
with capital Of 5000 OOO for the purpose Of running
line of daily stages from Leavenworth Pixies Peak
The capital stock has all been paid in and coaches will
commence running by the LIST Of April next Emigrants
already beginning to arrive at Leavenworth
for the new gold diggings
The people OF Minnesota have made arrange to
place steamboat the Red River of the North, with
the view Of opening short from ST. Paul FRA
ser's River Oh the Pacific The Red River is said be
navgable for about 900 miles Steamers will be able
run up to the foot OF the Hockey Mountains.
The California Steamer, Sonora just in, brought
81 500 900 in gold nearly all Of which consigned
New York,
A new and well executed counterfeit 800 the Bank
of Hamburg S. G., has just been detected in Pladel
phia The execution is good that should take
s20 bill of that bank without first submitting to
rigid examination
The Cumberland City Bank, Nd has broken.
The amount Of banking capital employed by
OF issue in the United States $500 600 Their
issue is about 900 dollars The number OF
terteit in circulation which have been
detected, about 10 coo 1t is estimated that from
five counterfes put in circulation eve
ry day
We have received intelligence of the robbery of q
quantity OF genuine notes sls and 2s, of Bank
ACKNOWLEDGEMENTS athens, and Rogersvie bran
chesAs the bank will probably redeem these bills
it will them They ha We red ba eks
Exchange in St Louis is a little easier KAN for
bankabe funds. Currency in good supply at lal4 dis
number of the banks in correspondence with
the Cincinnati market ordering their balances q
be renitt-d in money. This take evidence that
exchange Ciuciunstiis not in much demand.
Maj CuIberton has just arrived Sioux City, Iswa
form the head of the Missouri lie reports the
discovery OF rich gold deposits he'd
Missouri and Columbia rivers, in the negiibor
hood Of Stevens Pass. H. brings with him $4,000 in
gold mostly Jumps about the size Of grains Of
and worth from 10 to II dollars pr
Money remains about the same : last week.