, 1866-11-02
FINANCIAL AND C0MMnH3CC!AL,
wGSE1..tKT,

T11Esn.1 EVENING, November l.
The reE,iercucl Interest on The F1ye-Twcuty
teuds became drc to-day. osd The vasious Sub |
Treasures throughout the country redscraed In |
god. sl1 cnG.n.s presented for tn m3u. Tlc |
amount oi hi. interest," computed on tie amount |
Ct Fise-Twtnaes Issued up to October 1st, IL |
s.3t:l1:ds.J. Dcdletins this from uhe smoaut |
OF gold held By The Treasury At last accounts.
SiuG,eeoCn. t1cse remains in the neghbo: hood Of
s''st6u,tcu, including some s14,toe,uo Of guild |
certificates. |
This policy Of boarding gold has c'Icl,ed con-
Siderable discussion in mercantile and financial !
enrlcs, and arcns the former, scno:nlIy speak !
Ing. tn.ets with no approval. They compa.tn !
that tic policy o[ toard.i :: has Withdrawn isoa
market = 1a-ee proportion Of the eold Of |
t:e ecouutEr, csasirE quite Scarcity II Aca.h
rolJ,' aid Tearing those who arc compelled N
bsve Tic specie foE the negotiation Of conme:cia! |
1!-Lstc;ions at the nczc5 Of the clique who
tie geld rcoEu," and manipulate the market |
1t IL aIso ulgcd that the lnau!puIatous OF this
.elique, arising from The eeatc1ty Of casa gold,
Easc eauscd &c introduction OF The pctnclons |
e.+1ca Of -.hor1cwipg," for with p.l,ilpse 4 !
..le Of i.esc.t yznrrG from -. TO 1c' per
t:i. N has been charged. There arc times when |
il l. more prudcut for the "csIq ,e~ 1u meet
pressing demand for rsxh gold in lhls 1nxuner,
tE4n to eel1 cvru Al advance, 1t is we'll Known
That IN nine out nf every ten "csraers" that
iu,e been effected. ihcrc wa. always
cue, II not more, OF the members, who sold out
Tic balance. 3, lo.Dins tho gold at :: pcc cent
per Cien forsa. sfz days, profit Of thrrc per cent
is obtained, md whca The loan Is called In, tho
r,pspeeis ars equally good that the market price
e, lie tpui Ep'' lratt three per cent 1norc Dns-
,nc the rasl nup1h or six weeks IL tas been ire
1uept,y alleged ,hnt there WIS not enough "cash
gold" to b. lad s' In the strcets'' In New York to
psy the dHties on Imports, except a. material
Idvanrc On the ruling dsures. Rxiner than MD
lie {" "bEle'' 10 o1';au Tfsr many Of tie import
e:x borrowed ruid, in the hoae that something
,soEll trsn ~ ~ h:csk the "c3pcr." Tbs Sec
retzry Of TIE Treasury has been frequently asked
TO erll rcst:on Of Inc gold In the hands Of the
Gorr1nmrnt, and relieve the strincency,
tut ha has uniformly refused to do
50. Last spring when fearful mouc-
,aty panic rns 1a2.ng in Eug: and, the secre-
tsry had gold to sell-cven ri figures below the
current market ,ates. When Atacr1ran merchants
src IT isht 1acc, the Secretary rcluscs 10 sell,
hui 4 Nlcn Icbe! e{,upcthIzcsH and OWNERS crrebe1
bonds rart The gold they can hnre 1t, even ut
loss 10 the people q tho United States. Tho gold
Is the rlope1t. Of tho people. and lhc Secretary
Is oEiy the custodian Of I: for the people. II hc
can make uee If l. for tue interest aua welfare o.
TIC people, zone will complain, but when the
ccopls ere luaGc to suffer, by Of Ike cu.to
CIu,t's Friendship los outsiders, II Il time Lat he
c1ould he given 10 understand Inst his conssc
Ioes not necs their approval. uoaldins tie gold
i. lnI,cting 4 negative injustice. The gold Is
wing III the 1an1ts-producsnG ne return, while
the interest on the debt is daily increasing, and
The .setsrksr Of Wall st1ces arc making money
Gu, OF TIC Scc.ctazyfs ''ras.elly inactivity" II
the expense OF the pcople.
10 US i, .ee1ns 1h.t practical business principles
should Il duce the Secretary 10 rednce tIs Interest
Fa,ins postiou of the public drbt- As the gold
tcArin: portion has longer 70 rn.. giving naosc
time 10 devote to Its payment the attention Of The
Trcatury should lie turned 10 the payment Of the
ehort debt. VIC know Of no better use that the
gold could he put TO- than that Il taIlu. mp either
Sc,en-Tb1rsiee OF Compounds. The lattcr can be
h.d Gu bette, terms thin tic for.ner and both on
decidedly heter terms than tho Etsc-r~cnttes.
The Compounds are At premium q
about pcs cert; ,he scyrn-3hrttes At 615':i
end the Fiy,-Tw<uiscs al 7!sG G10!i. II the colt
were sold tos "gzecneaeis," and the procesdi
sppiivd to the redemption Of the Compounds, III:
Government v oult sase about s, s,ooao3o cuftcnc!
interest. This lien ~onld contribute about IL
to the payment OF one yes1's interest on III
Sc.en-Ihlrtics, OF 1-6 ol etA months interest u
tic Fivs-Twenttcs.
The Stock operators woail no doabt DC Oppose
10 :als plsr, T. II wond for Tue timc being c1cat
suinGeIey III The .aoney market MI, noopsFi
1esolatiou p11llbsnnE LIE 4auonA haoKs non
Eolding COMPOUNDS a. oe sesetsc requieo y!
the Cjrscuey Act, " II thouo pass Al hi
Eed Etss'oo o. Conc1css' WILL nave M
iamc elect. Gsecnhaeks VII! be draw
in 10 the BANK vaohs. anu ta
Compounds will 60 out but bearing interest, The
WIN Iol be uEctl ~ etrc11adag medium. Tht
icru.t on the money 1aasxo. viii DC tac sanc II
G:1her case. whether the see1etsrE should setlccH
lie compounds or Gr. Heouer's bill become lar
Theic l. an aeii:e demand for Money, and SON
OF tic discount houses report the m m.riet rstne
close, but not unromfoEtably 20; elsewhere 1t /
rasy, and currency shows signs OF accum utadur
Grain paper Is narrowly scruuaized, as tn bank
have no desire to encourage speculation At III
,rcsentt lch prices, aud whese loans arc rnadc o
;.ts acsc.tItisn of sccuratr, vid. narsi1
&c demanded. tn pork account th. demand
1r1sirr, Pri1ac bus I1css racc. Ii readily K. n