The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1860-11-27

reporta have been alSnlY e4AEEAFA1 w
Scott has not been taken, and Montgomery
hAs not even gone into Missouri. The Mis-
sourians have been badly scared, and oil
sorts Of exaggerated stories have been told
which 40 usual have increased - they trav-
| eled. Here is the telegram:
LrAvEkwoRTH, Nov. 24.-The latest infor-
nation received here from Fort SCOTT shows
that up to Tuesday night no demonstration
had been m AIDE there. II 10 thought here that
| Montgomery object is only to drive of some
obnoxious sestlers, and that he has no in
ten,ion OF nolesting the Government officers
at Fort Scott, or OF invading Missouri. Ills
original band has probably been largely re-
inforced by men recently driven from the N.
York Indian Lands, and rendered desperate
by want. Further intelligence from that re-
gion il expected TO night.
Gea. Harvey and Gov. Medary will arrive
here 70 morrow. The force 1t Fl. Leaven.
worth is ready to march ~ a moments no
toe.
Money Matters In 81. Lonis.
The st. Louis News OF Saturday, the Oath,
says:
Monetary Affairs arc in no better condition
than yesterday. In the opinion Of many,
some relief might be bad il the Banks would
suspend specie payment. What they purpose
doing, or whether they have yet decided upon
any action, is not known TO any but them
selves. They are now doing nothing to Ia
cilitate the transaction Of general business,
| and for any good that the community re-
ceives from them, they might a. we'll be
closed up.
Exchange is excessively close. The nomi
nal rate is 2 premium but tales are made st
2}(15 premium for bankable funds.
Illinois and Wisconsin, currency 10 10 some.
what larger supply, and is about ~ good ~
other bank notes for the general purposes OF
business. 1t is not convertible into Ex
change, and, in fact, little else but Gold is.
We quote Exchange ut premium for Gold.
Here is part of what the Republican Of
the Gath said on tho financial crisis. 1t
strongly advised a suspension, and We pre-
sumo the advice was followed yesterday.
Private dispatches received in this city
Yesterday announce the suspension Of specie
payments by the Banks OF Philadelphia ard
Pennsylvania, with the exception Of The Bank
of Pittsburgh, which holds out, probably be-
cause it has no circulation. The dispatches
1 lUF tnc pIfss nic very ChhFNs ~ WuuIu becip
about noticing what il going on 10 New York
! possibly becanse the head quarters are ioca-
ted there, but il turns us over TO Boston
where, according to this authority, nn excel
lent feeling prevails. We are glad that is i.
so, but have our doubts.
We have good authority for stating thai
gold, for remittances, vas purchased yester
day At TO 6 per cent. for bankabls funds
that is, for notes Of the Branches Of the Bank
OF Missouri, Merchants Bank, Exchange
Bank, &C., and this to the amount Of several
thousand dollars. II this il TO be the ruling
rate, or anything like it, We should like to
know OF the Presidents Of any one Of our
city Banks, how long they expect to hold on
TO their oon. Until lately II was though,
by the Brokers, or assofters Of notes, that i,
was necessary to get possession OF twenty,
thirty or forty thousand dollars of = particu
lar Branch, al to per cent, to make il
profitable to run upon the Branch but now
when coin is worth 5 and per cent. prem
nm, a few thousand dollars will justify rut
upon remote Branchrs, and il is going on
rapidly. In this way = rapid Grain 10 going
on oil over the State, and tis surprising tina
those who manage our city institutions can
not, or will not, see it.