, 1866-11-26
Total ,-........... E1u53 .11., 70 81. .17H7s..Tu
Last week. 11EH,G6t.6y LIS '70i. n
Nccx end1rr SuT. ~. 13Sn4gs.t9 LID! Ia. "
1t5Et nfnE& ne1e et,&

/
was The patio Which took place in Na)l strrct On !
In 4 snddcn co,t4ction Of |
the Money market, m advance in the rate Of IT, |
te:esa to T cent On call, and general tumble III
stocks and shares Of all dcscrip*'ous, hut mora
particularly those which arc Technically termed |
:" tancy These suffered severely, and in their |
downfall carsed several suspcueions, aud no |
doabt crippled numc1one operators, who wc.c |
tpcccsatin. Tor ".isc.r Tho panic spent ITS
to:cc on Ttursday afternoon, and since then
there ha. been gradual reaction. Stocks hare |
slowly feeupe1atcd, ard confidence has in
measure revived The Gold market shows
few sI::ns Of reaction. and Tie premium con-
Times &c hover around the fCnnet touched dur
ins tho -u:c 1his pa,tc i only the elimination
OF Win: hss heen steadily eolng on In ii. bsanches
OF trKdc for tornc time nast. bat probably would
TO; hsyc occurred &c sudde.ly had IL mot been for
onssidc csNtcs- Dnrirg the past two or three
weeks the1c has Leen want OF cont l1ence in cx-
ist!Ec prices among all classics Of operators, asd
values Ct a!1 classes cf merchandise, vita rcty
few c1ct ;-sioas. Lave BEEN steadily declining,
PfrdtEt operators saw that values wcrr ino.dj-
uately intsttd, an4i tue shadowinss OF The policy
to be rcss:72Ed By the Secretary Of The Treasury,
IN With 1t Is assorted be will re
1le.ae tho principles enuueialed In
his Fort Wayne Speech. warned
them Of .hc sa1cir. storm. Preparations were At
though steadily declined, aud the Purchasing
power OF lhe curreIcy Wa proportonatciy In.
creased ~ qutet,s has this process been golns
On for the past two or tL:ec weeks, that 1t has
hartly 1ssatnee any surprise, nnd has ceduiuly
been Productive Of no want OF confidence IN inIi-
ytEaal credit In mercantile circles. Iu this re-
sfcct il d,:i.ee eatErly with the c1ects PRODUCED
by the <Ior Wayne spcech-*' Now the people
arc. 10 4: cat extent, ready for TIC contraction
9T.J1 IN Heir 1f,4f4
Eight. at this jracsuse, contract the cnrrcncy
10 Twice ;ht amount limited BY law,
without embarrassing the trade OF the conut1y.
shonti this be toEe, II would cornteract all pos-
E!bllitE CT leactlnll-3 renewed anEAiion in
values. which wonld IN shon time be subject
to apo'Ec7 fit Of contraction, which might not be
antieirstee, tud therefore could onlg result In
panic, FAR E.ore disastrous to the public than
The on. through which ths Wall street opera ors
have ;us: la:seu. We do not favor snddcn and
yiolcut csnt.=ct;on Ct the cu.,enry. Sack woald
be prc1uc:.rc Ct no.htn. bar misfortune, bni we
are t.. lsvU. Of 4 eloW and healthy contTnctins
policy. Eat:l tae currency Of the country shall be
fcduct 4 t. Lie actual wants Of our commerce.
In rcuar qnaiiers 1t Is asserted that tie trouble
is attributable 10 sudden Etrin-enry In the
money market, csuscd by the SecrctarJ's drawing
on the Sal1oEni Esnks for nineteen million do.-
lcrz. We have aiWasa been al loss to know.
rby ths Government should deposit ;hc public
racncys with tie Saticuat Banks In those elites
where then. Ere United SAtes Sub-re nsnrics.
The rystrm Is certain1y productive Of ITO good.
The banks eaauot Afford TO be custo1ians OF the
moner for nothing, and arc obliged to 1nau II
"on call 4 endden cal bE the Government
uus1ne Ill ordinary ciost noaey ma:tct
r1ctn.es EN- unexpected rtriugeucy,
md In order to meet the dsaf'a, The
le1ks ar Compelled to do, what In co,usacrcla
,,.rssnre i ralrd .AEh{t II ~ 1ha btnrIi4 ,r1{rI