Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1865-03-20
DAILY SENTINEL
MONDAY MORNING, MARCH 20.
FINANCIAL { COMMERCIAL.

Ixntsx.rosIs. Saturday Evening. March ie, lSs5.
Gold confines 20 decline. and quite panic has been
the consequence. In View York. the governing Market
the prices ~ goods and produce have been rapidly de-
clulng and the will be the ruin Of Thousands Of
traders throughout he eouatfy who operated Last win
sr and sprng npon The bss q The then ruling Of
gold viii be BY our quotations this week that
al leading articles have materially declined. ard cns
-ao.t sss .eiozs will guess a, the
stopping pOin, Que Of dry goods dealers vas three
weeks in New York without purchasing article, and
he made money By h0lcing OF II u useless to speeu
lat, upon results, for little time viii develop
ihrr, and the prudsrt eoasels uy eHiy -hs' !.
s~Gy. md avoid Insebtednes .ft#N
TIE esbsnsenseti q ever eos e ;, ne Y. s. susr.
t.rmasisr. Captain wilson. has made money matters
easy. Tnsbsnk continue 10 TO II per cent and
outside rates are Is per cent -
We have now ssx wholesale shoe houses. all are
doing good busissss, viz Evans, Dawes Co. Ray,
Msyhev & Co. Burton and DAVIS. v. X. Hendricks
Co, Jones viHnedgs, and xsyhe~ BranhAn, all on
NsrdIsn street except Ray. MsJhty Co. whose sors
j. opposite the Union Depot Just o. Meridian Mr.
Dawes informs that Il Intention 70 have trade
hoe sac In the city on the frat Of Apr in which all
The dealers will unite. which 100000 worth Of
Foods will be offered but tn. DAY hIed Tor the sale ere
ases the suspicion that It may be sell
Nearly millions CT the popular 80 loan had been
disposed Of up 10 Saturday night l, and not than
5oniions Of this particular loan Jet remain 1t will
be borne In mind that the notes sold have little
less than two and half years 20 before they
turs. when the valuable privilege Of their
vertiby into 5-02 bonds which have five years to
from August Il, 1907. Il generally believed that
and able secretary Mr. MeCuIOoh favors the pres
popular system Of distributing government loans
familiar 10 the people Therefore, IL is TO be
pccfe5 that after the present Issue Of
ths sale viii be continued upon Issue, having
longer period to before the valuable privilege Of con-
verbllty into 520 bonds occurs 70 them The six hun
drsd millions just authorized by congress will probably,
far needed be raised from sales Of the $50 loan,
divided up three four series Of issuessay 100.
600 900 $50 900 each-ihe FIRST series Of hun
dred and hfy millions maturing year later than
The present old issue. and on, making each series
year later than the previous one and II holders
required the loan 10 be paid maturity. the demand
could be by receipts internal and other
sources. The subscription agent, while endesvorns to
dispose Of the present issue rapidly possible, does
wsh convey the idea that there will De Of
the 7-30 iofn Mr.. ycCulloch Will doubtless decide
that the people shall allowed continue their sub
scrptions without changing the nature OF the loan fur
Their than 20 postpon, the maturity Of the issues later
periods Some Will regard those maturing At earlier
date with favor; Others regarding the probability
Of speedy resumption Of specie payments, will favor
those having longer time TO run.
Gold closed in New York al l63
We quote the closing here this afternoon: