Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1862-02-06
From the Cincinnati Price Current, Feb. s.
Financial and CONNIE rciai sum mary
for the Past Week.

The money market has not presented anything
new since our last. The demand for money mas
been quite light. and good business paper is in de-
nand at 10 per cent. and call loans are easily ne
gotiated at and per cent. Idle capital con
tinues TO accumulate, and but few channels are
open for investment.
The financial policy which will be adopted by
Congress i still undeveloped fully, although the
indications are stronger than they were week
ago that the treasury demand notes will be made
n legal tender and used by the Government to
meet all demands against it. There is a strong
opposition u the legal tender feature but like all
other necessities arising out of this rebellion, it
must be adopted. IL seems to us that il is absurd
to appeal to law or TO precedent under existing
circumstances, because this instruction was got
up in the face of law and of right. and must be
put down by the law OF force instead of by virtue
of any civil code That which was inaugurated
by the sword must be put down by the sword, and
the necessities arising ont OF the conflict will fully
Justify the acts which may be resorted to, and
these acts should not and will not be appealed TO
rs precedeuts in times OF peace and prosperity
Those who talk of putting down this rebellion
according 70 law are traitors in disguise aud the
constitutional and contract rights which they
plead are used by them breastworks from be
hind which they vainly imagine they can safely
throw the missile to destroy their country to de
and enthrone i'm their stead anarchy
The exchange market has been quite steady
with but moderate demand. We quote:
Buying. Selling.
New York. .......ls disapar. 1s@14 prem
Gold. .............12@ az prem. prem
The notes of the New England banks have
been placed at par in New y ork city, which will
help their circulation in the West which is rather
to be regretted than otherwise for no doubt the
object OF those suspended banks is to food the
West with their notes. and place the Treasury
notes, as compared with theirs. at a discount. In
this they will be utterly disappointed, because the
people will vastly prefer the notes of the Gov
eminent, redeemable IN United States stock, TO
the notes of any suspended bank, the redemption
of which is extremely problematical. The last
advices from Washington say that Mr. Cha sc
urged upon Congress the absolute necessity of
passing a law for the issue OF the Treasury notes
and making them legal tender. and that it shall
be done without delay. AS the exigencies Of the
Government are pressing
There has been but little change in the mar
kets the past week; generally speaking. fair
business has been done in all departments. The
demand from the Government for army supplies
adds greatly to the activity.
In the hog market there has been but a moder
ate business done: the receipts have been light
not many having arrived from the Northwest
owing TO the scarcity OF cars Prices at the close
were about ID cts. higher than they were week
ago
The market opened at 50 l5d3 30 and closed
at 50 256l3 90. the latter for extra large. There
was lot Of frozen hogs on the market last even
ins. from Chicago. but buyers did not feel dis
posed to take them. The sales on Tuesday
were a. follows.