, 1866-12-21

te'pool aos1ecs or io-uay noon qnote Five
Twetsie- At 71.i.
The Boe.on Adcr,ss<r Of Tueeday says:
.i.1t iht week opeEs without much change in the
eoNaation ofthc money Hsrket, which L steady
~ aoeot prestourly quot-d rates call losns ruling
notes being freely offered a "a, 20 Of fro ssysn
10 nm: ~. ecni. some prime shor da:ed paper
Is *tlll led al r,x per cent, bul passes slowly
The fh5ladelphia L~dgtr rsmarts:
the money market, as n. .a,ds me rates Of Inter
en- The pa,nsat Of esfrssy tatss;
II s 81 gnse o n
isal has Increased. hi. paEment w7ll 81 follow, d.
On ine II pro1fno, With 1he payment Of the gold
ihtefet Then 6ne and Tue currency interest on the
making total disbursement, from the T.casury
within : month, Of over thirty millions OF dol-
la,e. AID vii be htely 10 keep 'he mara ct casy,
usltfs Congress IN The r eanine should d.
something 10 connteract the influence .! such
heavy rayment,. Csll loans l1e readily placed On
upon Government securities 1t SOD per cun;. Tue
best commercial paper 10 taken a: 6ses cor cent
Per annnn dlsconnt for short aud Ion. datr.'t
The New York World, In lengthy article f.
vvts the desirabsliiy Of making thai porlIon Of
our National debt, now held In Europe, paJabla
there We clip the following:
.iEnEnpe holds onr Government bonds. ncco-
liable VI clual facility on on'h con'tneut, u IN
::co,ou', ',td0. The best aathoriues believe IN he
higher amount The poi.I therefore, for Goa
EEete 70 consider vim a. little delay IS possible is
in The markets OF the Uniltd States. and 10 mike
them rs much All EUROPEAN security aud a.
ls ~ az 'h AmsEsn q = pesf1eis 80 th.t .aes
be as IL, lied and Difficult. to effect as Nat
Of ,,u.itith contols or Frcach rcntes. A
psopeslv, does no, svr my ae,ai. ot lis Pr Proposed
| rlaA. aid We have no Information In regard
thereto. we can do nothing than treat OF thal
which II Obvious enough to evers plActIcsl bu.i.
rrea mind.
~ Eu1ope held our Government bonds 70.
Eige, p,,ncir:l and interest pa5aSle ia % London lon
i.,oa ilss;,. and SD. ,hiis,s. p. .iueipsi and IL:
and .ss is1 ilo, ye f,ao and soo, trsSes, yaalc
sale 10 New York The only haye:s would be the
sss saesa' nsefI Sia''' seqasst
On On eny@s t4en 4 t.lt p1isc, and it would tb se
| York stock E1ctangc, OF 10 the .Ameicsa puhn..
~ osh:r wor's. that quAli,y, 80 dangerous to
~ s ,ses,1 wetes 1 ea,'scS Pond
f",a o0 ,sis
Sb!sh Is: o B.nk ' 1t Eassad iii III posssss oess
10 d1asp New iork Of its specie viii he limited,
bcf r. the rebellion, to ttcsuEplns hslaaccs oi The
no Argument 10 prove that the soo1cE Govern
mcu1 debt 10 Europe Is chahged from ITS t1.s ing
lurm 10 u a Nh1ch AT Mct ultoth'- FORESIGHT SUE
scstr. the better II Will be IF national skedit
and financial md commercial ta.erests.
-Anntt er 'lnrostantsad advantages which would he
celted hr banging thr Government bo.ds held
M Entope fEto tue .oney OF hest Britain, Fracce
aid Germany wUnld bt- fht Immediate cutnu. Oh
| Of at Connection between the European quota.
| Hons tor ou- bULde. anil our gEctnhack quotations
here. h0tc bt thuee cons Asut With l1e foreign
| banking business wor.d sasc the trouble 10 strike
the equation Of price, between the dl-a1ent cur
tercfee. Il oIhcr worat. the quotations IN gtten-
pcneLty at cnrh oet, bving readily sslea ME ociy
IL The rkrts whesc their respective currency
Vas lauiul mGney. Cndcs he present system
! london controls the gFeenllack pTict Of Gov ;In-
1nrnt bond- hctc. ltwt conld rcsnme epecie pay.
rfrts 1o.norrow the price Of orr Fivc.Twenly
aoras IT Srw York VI o1id BE- Il, tho sam: a. In
lo1 don, ard our National Banks would he called
rercy Al Washington to lod8c In the Bureau there
E!s,,lN1 eco more Ut Govern aent boNds, In order
10 comply Nth the act OF Congress u secure tbeil
euts'aI asns circulation.
>t1he Secretary OF The Treasury and The Congress
which eta!l inansursie financial ac,lou that will
wet from Enlope thAt tcI1iba engine oi
which II MOI poetesecs. 1ns0ikiny $50 ,0N,0N ol
United States honds, psactlcally sight drsit or
New York for gold, will have earned not only tnt
| gratitude OF this nnifor. bnt will also comfnauE
The admiration Of All thoughtful men everywhere
tn this and succ sedEuH Eenerations. be Good o
the county 10 q. ally demands the exchange o
our Government londs. as propo cd In u. Secre
tAys report. that Congress cxD hardly fall 10 sex
th, necessity for prompt action In the matter, aut
retay Mccniforh. There Is not room for two
! obtr{pus pt the auction