, 1861-06-19
MONETARY.

| -A~ AA4oAe3 A4aAAS - Au44 HUI uQ1utGTe&LQGs
No change nom day to day gives Us but little to
eay hnt while on the auraco 1t Is hardly possible
10 detect difference, are constantly hesrlng Of
olatea facts, which, wheu ranged in order, satis-
y ua that financial matters are beginning to rest
upon mere Substantial basis- Among these We
notice that tho practice Of reducing everything
to coin when deposits are made Is becoming
more general, and our merchants are highly pleased
| with the change. The discount on the funds de-
posted is at oneo charged up, aad then merchants
can have the coin when they want 1t, or exchange
at u per cent premium. Let this course be pu,-
eued for sixty days, and It will bs established 80
firmly that no set Of "wild-cattcrs will eger be
able to drive our merchants from it. Goods can
then be sold 60 cheaply that Chicago villas she
long since ought to have done-dety all Western
competition. Tho increase Of the trade Of the CITY
~onid Te1y coon cause 80 many cheerful faces that
tho effects Of our Infamous secession currency
I Tould DC forgotten. Let our merchants, there
fore, ma1k down their goods to the lowest poasl-
bic limit, and require coin or Its equivalent In
payment, and Chicago Will no longer be subject,
every three Or four yeazs, to a financial reyul-
! eIon."
On the Board Of Trade to-day exchange sold at
par q Il per cent discount for coin, and at HDs<
per cent premium for approved currency. The
| G2Ah6 Eel very Alh4Gf 0414 VIAL k4tU LIE price
would be about u per cent above the Board Of
Trade rate.
6rsrEss,oy.-The La Crosse County Bank did
not open its doors today. The cl1culat1on 0! tie
| bank is based On Tennessee stocks, this value Of
ss e e. IL a T. e. S
Comptroller at the present moment. In Justice to
Tie depositors aud creditors of the bank President
| financial matters throughout the country, pursues
What will doubtless prove to be well.aay1sed and
5udlsioas i eeuEse T. ea1d published IN another
BY any Of The depoaitora or creditors Of the bank
except the lneonrenience Of delay.-La Crosse Re.
| 1su6@Ican, 15th.
MICHIGAN AsD Iowa STATE LoAss.-An adver-
tfsement from the State Treasurer Of Michigan
will be found In anothe. column, Inviting p.opo-
sals sos State loan Of $4,000 for the equipment
Of the regiments Of that State, the bid. for which
are to be opened on ths 8th OF July. Tho bonds
| will be Issued Of four different denominations:
$5os. S1eos, $5o0s, and $1,0oos. It fs expected
that the bonds OF less than $500 In amount, will
be taken In Michigan. The Legislature In author
1zing this Issue Of bonds, has limited the
amount to sum not exceeding one million
dollars. OF this amount 1t is not expected that
more than the eum now Offered {s5oo .ooo,. win
be Issued Great care has been taken to make the
loan desirable one for capitalists, the bonds,
among other things, being exempt from taxation.
The rate Of interest Is seven per cent, to meet
which tar has been authorized and sinkinr
fund provided for for the gradual payment of this
loan. The funded debt Of the State is only abopt
2H million dollars and beyond this 1t cannot be IN
creased, except in case Of rebellion or war. The
bonds Of the State Of Michigan have always been
considered favotite among capitalists, and thew
Will doubtless be all taken on most favorable terms
The advertisement for loan Of not excand;ng
another ereoluun. Noeafer investment can be made,
ard 1t shou1d command the best terms amone c,n,.
tausts, No State viii sho.v r,oro -a,,s eapi-
in the next ten years than Iowa Win pV'ost nozs
gent and enterprisine population She Ti13 rantav
Union We mistake not shs ha. M a,sh aestn .. .ns
my mere s,n. as1a her bonds ali
MnwAuKrs.- Of this morning s,xa
~, nss ape 70 note Tesy satisfactory feature in
ehsnao NJ NE .1 "1s; oGster supply Of e1-
and tiy IL Sas,1s to
h<a az aeoaa 2 fent u ne way Of discounts
nsc,vi1S n tHa nlodecs te oo'ng owing to the
WHAT IS TIE MILWAUKEE GAxEf-The nrodrca
tha 5 to distribute asea omos essa tSe lne
4*V1 tl4HEat LILLE uulh Ol certain DuTnhnr
Of Banks as "W1eeonsin CurrencY1' fn e1chan@e
for wheat at higher prices than eastern raatEees
would warrant under the assurapco to The nnhite
that their circulation would be protected bT he
associated Banks designated IN tie annrnyea fsst M
adopted at the MiIwaukee Bankerg' Convention IN an
the 26th Of April last. Milwaukee has been rlnt
ted with wheat aud Ia relieved Of its sscnrrcnsv !,
While exchange has been uupted at Chieapn ar Ia
H.ycr cent. premium for coin {yuu uaisiske Se !a4
change Ia and has been 4nK dtsaounf fnr en5n1' ~
its equivalent ard been 0uoted at sftiWnrron ~
about elk per cent. premium payable in cnrrencT ~
the merchants and country Banks have f1nnd 4
difficult to purchase at Mi1Waukee At env n1ice. ~
and this too while the laYre receints or ahfnmanta
at milwaukee, shonld baYe maih eTchanga ahnnd
ant These facts are suspicious featnFas uu IN tbe
Milwaukee Bankers prosra1nmc. Have fhe 10 Mi.
Haukee Bankers rot rid Of ther ssW3srnnsin MI
rency by purchaang wheat at nrices fsr e4caednr
Ira cash value and By refusing to scl Riiis ~ ~
change drawn ngaInst sh!pmeuts Of nrni1ca ~ ~.
cept for coin or It's equivalent cnnyerfei fbronh
this double traL saction tbeir "a sailed cr--sn1
into apce1s The suspension Of seycra1 o5 i5e
W;1eo,ai ~ ing sRPto'eo nst p1 the associated
tnnity to get at The real metits Of tha anp5ce
meut entered into. at the Bankers Conyen.
the 1s No eS9e %hot of kep y g
So to Circulation Of the CIV BsnH ~ nS Waa fne