, 1863-07-10
FINANCIAL IND .C0alMERCaL,


THURSDAY EvEStS9. Ju!y 9Th, 1858.
The dcmaud for money is still light, though
little more activity was noticed. Matters On and
near the Potomac are get too much in doubt for
operators to engage in extensive transactions.
Bankers Of cou1se find 1t difficult to emyloy their
eurpluB rneane, and first cass paper Is in active
demand. It will probably remain 60 till tho new
crop begins to press largely upon the market.
Rates Of diecount are sG1l0 per cent.-a few ofthe
banks accepting On paper payable in New York.
New York exchange Is close-indeed the market
may be quoted stringent. Nearly all the banks
hold 1t firmly at u, and -eeveral Of them have paid
II freely. We quote the rnnge as heretofore par1
u buying, and k@A as the selling rates, but the
tendency Of the market is decidedly towards tie
upper figure. 4 very few houses, as heretofore,
st.1l supply our customers at =.
The reports from Wall street gare the rates OF
gold as follows: 1sosl lGbl317f@1s closinga 1stH.
The range here was 1Soe5131, very few paying the
upper figure
Silver 1ecGt1s5. New Treasury notes selling at
H@K. ..........
COUNTERFEIT F1r11.-We learn that party Of
knayes have bcen "pustling" new counterfeit
ffty dollar bin on the Bedford Commercial Bank.
OF New Bedford, Maas. It's a very good iu!ta-
tfon Of the genuine and, as in most cases, It Will
be wiso for all except experts to refuae all fifty
bills on this bank.
GOVERNMENT t-21 DoSps.-0ur readers know
that NC hare earnestly advised them to in
vest in $50 bonds as tho Interest was always pay
able In coin, and with our own, the op1nioa cx
pressed unanimously among our best fnanctcrB
that they were the best available security In tho
market, On this subject We have received tho
following letter:
E4rhn TIL, n
Editors Chicago Tribune:
S. go bonds, ard conti1lue 10 toll the public that
the interest is payable In coin. Now, what arc tho
facts In tho ease! We all know that thus reads
the Finance Bill I, with others have bought these
bonoe, md expecting to have ihe GoYs1nnaent
meet the contract, receive certificate or u-
pleatr from the agents IN Chicago, with the stipu-
oa oh the a1eSsst to 6s Pfd in coin da
words. thus In con,) and thus canssling tile coin
part Of the contract Then We get our bonds, with
the coupons drawn gayae1e; il which
Congress has made that lawful money
We do not expect that We can tura the wheels OF
Government 10 grind ont the right tune to suit us,
ly yonr flnaneiai reports: that you ure i willing
agent Ii this deception. There Is something wrong
somewhere, or 7tords mean nothdag, and Govern
your readers, If Jou are cognizant Of this mode OF
Issuing these bouds. II there Is any way to e.
plain this mAtteE. NC hope to hc1r f:om you.
Yours respectfully,
Thinking there must be some mistake about ths
matter, or some reasonable e1pl lfnation, we in-
closed the letter to Hon. Luther Haven, U. s. Col
1ector OF this city and have received the following
anEwer:
Editors Chicago Tribune:
is. DEPOSITORY, CHICAGO, Ju1yo, 1868.
f1ffa f1t1 fnrvc
person signing himself rs G. Bacon, ts received
/ did not suppose that any one could labor under
20 many w1oDg impressions IS this Mr. Bacon
does.
II the first place. tho words ssin coin" wcro
etated from his certificate. for the simple reason
HAT Nhs,; hs enbscribed tas tlnd bym my books
Ell, as WIS formerly douc il coin Thu certificate
s my receipt, as gsyeEnmcnt agent. for that which
xt IT. Rna 1G
fully drawn acrose the words ''in coin.''
agsn. ,.. IT, B. Bacon says that when be gets BIZ
morcy, (wLsrl ho understands to b. legal tender
notes. he thinks the Government is acting ia bad
faith to those VIA urc putting thei= money Into
On that dece: e:,tion. Now Ills III. Bacon las nsrsr
ecen one Of these coupons. and has drawn on hts
very 4ctt'a imagination for ILLS lawful money!
el WIN: Ii ,ot tine. The coupons as5 drawn as
follows: The United States Of America wIli pay
to heare9 dollars, for elk months interest. due
eisnsd, -. E. chittcnden Reristcr OF the Treas.
way IN which the coupons arg drawn. Itrust that
have 1eceiytd, viii Prove ol more eeryies and
t.o,e yalne to himself, than his criticisms upon
them, which lie wishcs to sec In print, are to tho
public.
Lu71iEn HAVEN, q. s. Depository.
1t sccms, therefore, that tho drawing Of the pen
across the words !" In coi:" app1ys only to tho