, 1866-12-18

I .seIo. tnE gold fos eh.t Il !. now wot,a, ,hu,
ttor,nSe ~ r. LET ,soanf of norcI TO tonis use,
q bondp rn'essed nd srsdnsi,9 On s ~
auao1tt oi szaliuh- We can reyer - ~ ~ nTn r,
sPse'c PAYMENTS nE1'l our debt /. al lest cue
Naae ta,iide'phia Lezc+r Of Friday observes !:
e,.,is i. osesst mofs freely; cali loan. ars
etht. re loAe. 9stns tho Prevailing ra,e "a rev
transactions, although fna1s borrowed 4 tes dsys
sI 60 r. The higher ngme arc mostly reta,pSa
a. 14t pcE csLt .fEsttla6s busin4ss rsaper Il il
Sons q NC banking housct ha,n lsrce SUNG o!.
icsec ahsM a per cent on e.u Fo,rt:,o errSs, ~
Is ,nae1lse. 1he no.nirat price Of he Lss LsrSs
.isf s,5t1 ~: s'etEs b'ns is losi; Do Il shor.
Tho Cincinnati Gazette remarks: :
'.Thc ceEczd fn- E.ppnT II .r.s,, ,,d
pressing. aut shipments Of crr,ercy to ths rorn.
~ continue h.re- not opiy 10 move lie hogs, bpt
Interest 1ena.n lrm ii 91l1s pr cent for nnns ~
pnF Fc:. n-d ihc lines drawn yccY close +, 1he
c.sass'Geanon; s Ths "Is.is:s from tla f:zee: Of
70 take Paper from any bul srsala. castomers
Exchange ,fas rather lravy today. not iron aoy
eey Y ts!s, eu e. q
&c discount buying ard par selling"
Tie Boston Juu,Hat Of Friday says;
"Tte tate Of uouty for diseo1ul Is rather On TIM
ats z cent, busiucAA paper VIII Two ,ood ns,nrs
VIC Ee4r also Of transactions in ycrr Nrtt-elnss
tnan1faetEiinS 2 parer toar OF I've months 10 1uu,
shc market AID thai confidence la ali list il 70.
qautd 10 ctt money at lew rates. The 4 cant
paper y about a. suro 10 he paid At nall,fity as
that sold at 6, though ii IL NOT backed up b. 80
large m amount Of cap!thi, and, Ia Ordinary times
tbere wenld not be d1ecseLcc Of more than Il
1s1n. rts snnTm, but at present capitalists a,e
call the rates tem1ln 1t SOC p cent Dew tfepsac-
lott being ofsercl rcadc ats, with exceptions At
5. !htrc ate lates amount og loacs out sacdipg
ats T ccls " h1ch harc rot been caltcd in.'
Mr.. E. G. spauld1ng. Of the Far.acrs' and
Acclautcs' National Dsnk, OF BnSalo, having, III
letter to seesetary AeCu1loch. expressed the
opinion that The enrrcncy could be moderately
contacted, go as 10 prrservs a to1esably easy
money market, in order 10 be able to faud The
Compour Skies and tho Sesen-Tli1ucs into long
gold.hcar!n. bonds between this sul tie 18th OF
July, 1sGs and that The spccie staraatL could be
reached with Al least $50, ,10 90 Of plain legal.
teneer United States notcs still outstanding" 4r.
Mcculioeh replied as follows:
aTEEAstnY DEPAn7aET,
"WAsu1hoToS. percr1ber l. 1865.
''DEAn SIN: Your fasor Of the fourth Instant
Is received: You will receive 4 copy OF tuv re-
was very hastily written, bu, IL, think, toanI In
"What We nses Is an Increase Of labor: live
Try in lu e1etei.e, VIC cua1d telu:n to specie pay
tntnta Nitnout si,y -yety large eur,silnsut Of
Enttcd stasss notef. Ny object bss bsen TO keep
lie msskci kterdy, and 10 work back to s1ec cir
payments nilhoui financial collapse. shall act
10 the fGtute ~ have in tic pa.:, with great can.
1iDn. and assenpt no ampsacticahle thing.
II an, very uluy, yours,
III. McCcLAocu.
',Hon. r: g. spau1d!n9, F4rmess' aud No
eha' fcs' Nattotai Ea' l, Eu1lso, n. T."
The Eew York EtsniHg fus: remarks:
Nr: Sherman's resolution. which was adopted
yetterday, relative to tho reserve fund held by
lie National nanks, gives much ea,tsrac,1ue IN
conservative fuancia! circles. The following IL
the Tcsolutlnn in full:
" "Rtso1rtd. That .hc Secretary Of The Treasury
Re c1Fcctrt TO report to The senate the namc. Of
the several National Ernk Associations which
have talfed to comply With the provisions Of the
law requiring reserve Of money on hand, anl
that he tepon what legislation, Ii any, IA nccea-
tary 10 enforce aEainbt such nsaociauo1s the pro-
vi.toue Of the laW.a
Tho following: Is q statement Of the approxi-
matc earnings Ct Tho Pittsburgh i Fort Wayne
Railroad during The month Of November pt,,too: