, 1861-07-17
MONETARY.

Financial matters are moving along yeEy quiet-
", and business genenlly for Chicago ia dnll It
is, however, the dull season, and there isprobaby
aa much doing here rs any body has right to ex-
pect. Compared With other cities, in spite Of the
calamity that has fallen upon ua In the utter loss
Of nearly all our banktngf apital, we are satisfied,
both from cur OWL observation and that Of others,
that Chicago oceupies most prosperous position.
In fact, nobody has any right to complain.
All great evils require powerful remedies. >Our
business men have been 60 long cured with de.
preeiated currency, and our capitalists have 80
long been dehauchcd by large apparent profits
from the came source, that It required some great
ca1amity like that through which we have passed
10 bring all parties to tolerate only an actual
money currency. II any bank bills are eounte-
nanccd let It he only those that are always con-
yertib1e at the will Of the holder into coin. Let
the business Of the city always be done upon
specie basis, and then we shall know that ex-
change On New York can always be had at 4Q11
er cent. premium. These are the opinions now
generally current here In business circles.
To-day exchange was rather more plenty, and
scarcely anything could be had on the Board Of
Trade above 4 per cent premium for reliable cur
rency. The banks charge Il per cent. premium
for Eastern, and per cent for Western currency.
For coin 1t could be had at ADH per cent. dis
connt.
MENT.
ills we'll known that In April last an agreement
was signed ty the Chicaoo c;tv bankers and 1aree
~ ,.-..eS ,~I,-.
na~Def y. 1nei oepoS,tos' uuus, "alsu ~ pa,@
ties were to receive and pay out Illinois bank bills
aa currency durfn~ the war ca1e involving in
49, ,-a,,d,tz ~ that a,. ~
SUM- ee4ee tne ra1io1.s " u4'1 ai 14le "
lore his Honor Judge Man1esfe to-day. We have
been furnished BY legal gentleman with the fol
,o,rf,p ranor+.
A""s "-..s,..E "as, r,,..- co.~..
,,.L GlHcgiI CouRT ~ Cook GocsrT;-b1cksord K vs.
hngLIduag;ment y CONCESSION. ms was mo-
@ uon oy ueienuant @ 70 open 1uagment a9a ailow
PIT 70 pieau apon ne GROUND tna1 ne ~ naa good
aelence ~ pa5l o. re sum inciaaea n tnenote
upon which Judgment by confession had been Gu
tered .,
Aumerons a1ndavits 1a we're h!ed ey poth parties,
"41ch 5nDE1anuany a1sGtosed r. !oto"1ns iaets
": r. hlng, the naEer OF tne no1e, ana a. a.
iaeEex ine payee naH o9tn III ~ ~
aong oua r. ano IN Pt II
ndta cmrrencv ac1 A1' % @A'e 4't'
"u n tha iStf If Nav +he defendant ,rho wos 4 de-
nneito1 ,ps viz iI1 r T. YuckeT Co. annIed ia To- them
for ioan of Il 00o in currency and eaye ther his
indement note Of s5 600. payable on demand. with
collateral seegrty yy..aea hct Kin, rscsre crus,.
for 5000 in Illinois currency, which he at once
used.
At that tine the average vaue Of the bil1s Of the
dollar. - '~'''0
About the 2ath of June, uerotiations took p1ace
between The original parIes 10 The note s viii . re-
rard to its payment. The maker Offering !. stnn1n.
fail" for It, which was refused and other funds
de1oanaeQ: 11n .f,e ass ,n,o,.o ~ =
dorted the note to i. /, Tucker. who fndo,sed It
to Charles C. Biekford, the plaintiff, and the judy
mem ~ confession vas entered on tne 23to;
s1thoneh It Tas xed rnie Of IaW thaE ors % testt.
| T. dr,iar IN 10