, 1861-05-23
MONETARY.


49," WEDNESDAY, May q, 1861.
4ne currency has now gone under hopeless15'
aaa ,taongh, for the immediate want Of anything
o.ee' It Pays debts md circulatea a'!lstS at the
hn,-,ss 1'a a1ed By tho railways, The sooaet.t 'e
do-.a-' Out OF sight the better. No Amouolo' ea.
h14 h.nts-s4 can: rceurrect it; no eombsnas1on u
nnt~o.a, a give vitality to csscase 20 ei1et'y
~ n1 s..aa and loathsome. 1tisnot onlyd put
.,s a3eta In the nostzils Of tho people. Hese
.h" aeto the ownets Of individual osnks'
| :. !. @ako good their securities snd feasea
OF 4 2 cent, in this city may poss''
ka.taaizo them, and thelr bills; may toe
| ...u % tho money Standard :ous aey
| . .en 70 t"tndle the public out Of even nse pe1
| as' c1ehange will not be tolerated for saneae
| ex Ihepeople seem willing to beaf pass, aoa
f.secat LOSSES with becoming patience, hoping
~ demanding that VIC ehaIl hereafter have Z
soond, reliable currency.
ae9e Let Us VAN our readers against tho fears
.41'eo py itrge Claus Of well meaning people,
WY arc constantly predicting that tho entire com
uuai19 VIII b bankrupt II somo scheme IL not
pa'enea up ~ somebody, to reiustatc the cut1en-
~ 1ney say ne shall have no money to DO baat'
nees Will and everything will 60 to ''smaaA" gen.
esa4T. Not BIT Of it.: Cases Of individual hard
smp AND great loss theis viii unqnestionably bo;
ou1 ING West has too much solid wealth, too much
spare that other people must pay for In coin OF
as sequ1falent, ito fear any permanent embarrass-
ment.
There are great many knotty legal questions
growing out Of the currency troubles for tho LAST
1e" weeks, and many cxpenaivc and Texatous
law euts will be ture to follow unless they set
tied In liberal spirit Of justice and compromise.
as now informed, 1t Is believed the greatest trou-
bic IL likely to arise between bankers and their de-
pos1tors. Nov, II all parties WM striye to find
cut what is exactly right, and determine to do 1t,
In ten days time oil difficulties with the banks and
au others can be Raisfactorta11y settled, and the
wheels Of business will at once rcvolTe with acce
erated velocity. It would be a1 the best policy to
eett1e al questions at once; let each party pocket
his loss aud make the most Of It. Here Is our sus
gestion. II anybody has a better or can improve
onrs, let him proposeit.
Tho hanks have taken this currency under an a.
rangcment that depoattors should take their pay
In Kind. Now let each dopositoE foot up his
balance, md let him and bis banker make up an
average as accurately possible Of what the CIR
rcucy is worth. II they agree, let tho depositor
give his check for the loss, and let his account
thereafter, be kept On specie basis. II the bank
er requires thirty days to get bonds for the curren
cy and convert them, give him the time, and the
thing is done. the depositor prefers to take his
pay in currency and convert it hituself, let the
banker pay him fair average Of tho long list, as
we believe they would Ill most gladly do and close
up the matter and have done with 1t. II In any
case, the depositor and his banker cannot ,o,ec
let each choose judicious fiond and they third.
and when all tho facts are before them lat tha,-
n$pfr4 tnf fx%a1
content. In any event, II this course be- adonted
with the right spirit, either party viii sfysr nns
lcss both Of logs and yexatfon. thon +o c,,an..t
the matter to the adnstnnent ~ +ha co,r+s
As to money there viii be- all the In si1ess rr,,,o
can nay for, or what 1. thu sama HIM r., Is ~
which. they can fnrn;s1 tbe n,o5nc. =. .Sa -. ~
within few ,raat, Ittsn,d...toss. ~ eoua'
~ =. ..as ~; 80 pteps@lhs 70 1ssae Large
en-out y. 4ts o.a ou1s' "nlen are Of course good
for the coin. Whenever the people get them, let
a.s,,,a S 1S p,.s - lnsn poeAc1s ana as lar as
posfiples Keep mem out Of tho hands Of some
ten upon the ignorance or the fear, ~ - otbas:. ~
M. g. " tus teo1s u othefa'
1Ae eMle Nak o. INDIANA WILL lend Us all tho |
hills as security. and plenty ~ ,o1a eeea~o
~ NA1 t'sA.' " so1oanu gooo mon
~ w. nna ~ @ "sy mo cremation We have 10
last four days than We bad seen IN a. manV TeeIs M
before. There will be enough good money as soon
as tho people pe1emptosi1y demaud IT.
rhor, ~ hn+ oro ,,,tat1. -,~..,
aaete IL on' one teilao'e quotation for e1chango,
VIZ: for coin, II per cent. premium. On an aver
age VIC presume it could be had at about 1@5 per
cent above the railroad list, according to thu cara
OF the Anctes Of those who happened to h,ve,t
or to need It, Transactions Of all kinda ara co,,'
fined IN the narroxveat roas,b,a u,,tt
t,.,,o ~ ~ t~i.as s",.,' s e A4.'' a"u goota-
''ons " al auoe ate metels nominal.
h1ock6-The evening dispatches to Saltonstall
T. Co., No. s4 Clark street, give the clorfnr Ws,1
street rates. as fol1ows: y Cont ~ ~. G.1.aa ~
6sA, Rock Island 81; Burlington md Quincy 57k:
nj Cent, 6B: Tennessee 4sk. M,ssonr; An, ~.
...,s I1 1Ts.,-s. sSn 3'a 0~49eo"1A ~ VIZ
slma ~ "arAee oal. >,-...
$50 ST. L0u,s:-1he 1na. st. Louis Democrat of this
Noih},9 new TODAY IN tbe oonev 4r,,,, .t,.
can rathcr, Exchanee il stii at - * ~ st me
nrnrHfum hnt vnrv lifffe in tha ~ Ss.a
rcoulred, Bueiueeg meu do nat fen1 T. ~ t
raTirr such euormous rates. nn1' ~ rnn-ao ~ ~
no ncw features IN thn cT1rcnrr @ nnott aneIe arc
Port, and things reniu, to Ill Appearance a. thev
were. - ' .pp'1'''e$' - ta'y
craurycy. Il
>' May y. 1871.
.,a Gola0Rs las an'1uN Iae produce anu commits
he Union TisI. by refusing to ee1i aIcbana.t ~
lees than 10 to Is per cent. premium This Is their
a1 IT, oph1on OF tho value Of IT. the par value is
The sdvoootes Of tho "sho.t,' "stunap-ta;,,,,'
could not II they arc Eo anxious to furnish us With
secure currency, agree to furnish exchange at X
Fun. md nothine clse viii @n' Ynnra A1ss On
I