Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1862-02-13
From the Cincinnati Price Current, Feb. t.
Financial and COmme rciai Summa ~
for the lnNl Week.

The money market remains in that dull and
quiet state heretofore noticed: the demand from
acceptable borrowers il of limited nature and
first class business paper Is taken freely at 10 per
cent.
The bill authorizing the issue of $3.50. 900 .00O
in Treasury notes, and making them legal ten
der, passed the House of Representatives in the
early part OF the week. which caused great JOY
among the people throughout the loyal States.
This bull is now pending before the Senate and
indications exist that attempt will be made to
defeat il or To change il 10 render IL unaccept-
able 60 the people and place the Government ut
the mercy of the bankers of New York and New
England. lt - likely, however, that the pressure
of popular sentiment which is being brought to
bear on the Senate will neutralize the influence of
bankers and capitalists. which is now being
welded in the legislative halls of the nation with
an energy and pertnacity worthy better cause.
and that the bill will pass a it came from the
House, or only slightly modified. This bill pro
vides for the issue of demand notes TO the amount
already specified, making them legal tender and
for their redemption in five year United States
stocks, bearing per cent or twenty year stocks
bearing per cent, at the option of the holder.
The interest IS TO be paid semi-annually in coin
demand notes, at the option OF the Secretary
OF the Treasury. This latter is the clause which
will probably be modified by the Senate The
prevailing feeling that body is that the interest
should be paid in coin.
The news from the armies during the week has
been very encouraging Fort Henry, on the
Tennessee river. built by the rebels TO protect
the TANKS of their forces ut Columbus was cap
tured. and some 6.0J0 of their forces fed, leaving
most of their arms and ala their camp equipage
in our hands: and Fort Donelson. on the Cum
beriand river. erected to prevent flank move
ment against the rebel force on Green river, in
Kentucky, was completely surrounded by force
OF some ten thousand ut the last accounts and
will he captured beyond doubt. The number
OF forces III that fort was 5000 The EXPEDITION
under Gen Burnside against the North Carolina
coast has captured Roanoke Island. 1t seems
now that the vast army which has been organ
ling the last nine months Is now beginning TO
deveope its irresistible force, and that the for
ward movement into the insurrectionarv States
will be one OF uninterrupted triumph. and that
all the Strousholds of the rebels viii be taken
within the coming sixty or ninety days. As this
hope brightenS the feeling among business men
becomes more cheerful IL is clear that the crisis
OF tins rebellion has arrived, and that "A failure
20 achieve victories hencetorward would be fatal
TO our cause aud our country.
rhe demand for exchange has been moderate
and the market rules hrm At the following quo
tations Gold l. held firmly by the bankers at
the rates We give, but the demand Is quite light.
We quote:
Buying. Sc ling
New Aork....... par prem.
Gold. ............. "a 2le prem. 81 prem.
The Chamber of Commerce of this city, at a
called meeting on Monday afternoon, there being
some seven hundred members present passed res
olutlons with great enthusiasm. and without a
dissenting vote in favor of tie passage OF the
bll authorizing the issue of demand Treasury
notes, and making them a legal tender The
people of the Western States are unanimously in
favor of this measure. and must decidedly OF
posed 90 giving the Easteui bankers the control
the finances of the Government. IN any way
whatever.
The weather continues changeable, as usual
There have been frost. SNOW. rain and little
sunshine during the week, and the weather ON the
whole has been disagreeable. with temperature
ranging from 80 to ~ degrees. Business has been
moderately good without much change Of inn
POI tlnce.
The season for packing pork Is about
closed, the receipts o. hogs the past week being
light and chiefly country dressed. shipped here
from Northern III noi>. chiefly Chicago, they
reach here frozen. but have been taken az 8 %
al b; city dressed brought - 40@3 50. Most
81 usr houses are closed