, 1869-10-27
MONETARY IND COM MMERCIiL,
MONETARY,
TCEuAY EVENING. f1cf. Fl

TCEnAY EVENING, Ocf. "a
VIC have, from time to tlEc, refe1rrsl 10 the In
ord Aate power Of the Secretary OF the Treasury;
his power over The Price oil gold, By selling II or
withholding It; bis power over the price Of bonds,
~ Iurrhaelng them or dsseontnuiuK 10 putchase:
Ills r"wer ever tho rate Of interest on money, ~
Eelfn9 gold nc'l Withholding from buying bonds
With the proceeds, and thereby CONTRACTING the
cuFrercJ: ani all Of these means OF controlling
rssces being fo nearly optional with hlm that II
We except the tlespotsc power OF lew OF the
tosetsebf OF the Old WUri be IT, Ia fact the reat-
tst nnenc!A su'octas u the commercial na;tous.
Yesterday we thoxed By nn extract from tac
Londbn Eernnnns That new mud m.
IaStfahle view OF this extraordinary
rn-er of tic "AEtr.cun Chancellor Of
the EAehcaVer ia bc.tg taken by foreign bond
tnhitfr-lhAt class ot capitalists to v hnm ne mn.,
At asl appeal II the debt 10 crcr Refunded a, ner
ceIt tpieiest ttor no such toau can he uoaisI
III this cEuLtsy whesc The rnsnltnuu, rate Of In.
isEe:t Ii 10 much htgher), The .ltye!epu,tnts
growing out Of The recent gold speculation have
.isofe1 other people 10 tb1ntirg Ct the iuueuye
ls'U tr Of tile Secretary ol lne Treasury, nud We
A:4h Our coaf:nacd opposition 10 :Sat n.scaeyio;s
not1oa that its Secretary Of The
Treasury shun]d ajso he the regulator
Q: tic norey taarAct rttlec,cl now |. rnauy oshnr
jGurtl'a 1he Cu.e:uhatl tsu-ttte correctly insists
ssa' " lille tie Treasury ass7nlcs sus rca.lon "
.H- Ai1lAess II I11us!lQ}S 10 GSC.tlG such
rhcsscs as Fish aod G,1lA arc now IorpIog, and
|. ar TIL MEET he Giverce OF the adn.n.;ra11,u
HOB tie Hl"rke's." \. ptc ot ftc 1orans Of ac-
tthr.shitr this divorce, the Guset:t Proposes that
RI i'e Gaet II Which tfr government shall scl]
tta T" I'll hen,ica cart-. and proposes lt5 as rate
hth would Ire high tuouel. - be x4fe from hay.
& 10 srtute Ia Fell 10 airy applicant on account OF
suta ariiiscsl scarcity rs was caastt BY the late
estas Fcsd trecaattc1. We think lac t:,-e.,tI
:-F,fl.$s $sJr.t. s,rtR r..
he n.'n,nsum price nj which tue curern.
nilEt Hcuid s,,I gold. mitch lover than us.
II Eight eSsu he rGt IS Ia "a 13s 10 llN Other.
r::e tEan ills thrrc sloes net serm spy ootec.iau
10 sh'' ale ~ Eelh al pr.r:o1*,r stated petcc,
iEc b!lt'rIa1Hal would probably urge that the
tasrtt tactt was SHAVING It's owu notes BY buying
III th rtl'4' - III a Discount. b4t as lie rsescat
saiss ~ gull nEc nrcu to the satEc nhlec,.on
t'trrs: TO ground Tor auy nex nrs-mens On that
-fofc Ike Jesuit d s7Cu uea-1se Noulsi he
'hat Itld sree0'at,uA ~rbli he rcrnessAt.
II ir.st Eluw tue tfcciteL rt1cs ftsu
Cth n i'"|cA ecu 10 fnicc ..0rthe the pa3. tnoath
"fie, s't'''a, llsl, to1en ani their cosfcdCra,ea
~1Esi ncver Lavs btrn able 10 get 10 ,acIr
.tAf.nus sch. mes,
1htrc Is Lvltsc OF Improvement in the coud,ttoa
n trat1c n1l s,nauee. Everything now sccus to
.'t ltlG en- the r,atn nArkCis, apd tle ,,ec1,o,op
1th't: q Of tn-c. soaAy. nas thu effect to make
hiu0tl wGtE ttd*tt. DEposlts Ut isu laauks haze
f1H aoAn to an ulnaurl} low eO4,, and tse oanabe
taI"s II Tie hanks m. d;u.ln:sh.EG eye55 car.
"nh Tie ccriashit Of an act:se dcrta nd fron, tho
ftckrtt tao Nrtks hcncc, TIC p:ospecl tor the In
ntd's'e 'usuye Is taat uoney Viii oe ughier wha;.
ever h's.at ncc the New York money m1rket may
aSc on oEr own. II, lot the present, likely TO b.
a'Ao in the ti!tect.on OF striprcncy, The last
ell " hank statement u that ctr shoss m M
tfEasc Il INT. .e>9 In uans, while the dcposau are
ccessascd <s-sss,0ls. Tie lexal.irnlcrs asr &C.
cfsatth S1.l"l.Nt aota Tic specie 49s9, ,ses Tue
fstr9'tff1 Is !er:~ascd fle s.9. The ,,ccrca.c Ia
tar itEa!'tt srEs IL the result Of the shipments Of
cuf71bsJ 10 !he Sonsn 10 Dovc Inc cptten eror !
~ hch II just ow fairly .nsuSuss.rt, and witch |
"tl n9!zc tich ia.gc atiil.oaa supplies o, cur
reno. - tsai TIE kcsrrity l. )Lss he felt here
y = cS ~ fEo hence, tnsvh more t!rel tc1y Than
ri i'.-etf+ Hut as eas sccu ifcgueIt,s uen,:ouei |
ts:otr+ MI nl tGe+e n1fsrprataa s.pcc OF thc
Al "a hte.t Ist ;At 20 tl+niiear ut aaJ tine,
Il :,;. Ice Of un iEcs,afe II ey1in EElrurrt.
II sErt at rs:rss. sns.atd tate p.ae4 hetor, TAG
": navigation, NC arr ,kriy to hAye s,Re
t.t i. u p|tasuhs sAsotr yet he:pre The c1ussag
!. ~ v:t'rr. a'ai u tsc fang. aaa Eastern S.4es
: 1r,' G".ui H.. g: rsaracttr 1u lq,,sc- large
:1n '1t-- 'nf' IN n: o. .ec ry.tn FIJI rln t.yo
x;::st CO TIL. u. rStha,.le-ul,ch arc IL lac: tho
;.1st inl tT1sut r1yt Of tie cutrrnc. -.ra woul..
l Lkr i,.n,x rl-:Gr. All tefsc ctaiIa.cac!ct,
.,.atsrr. aEa safH uE''H TIE asoEesdcn; OF the |
trAt:t. TeNc t. TO t3.stikt that The atsc1c: 10
IT'S I1a!E 6, wcE'., GU. les,se%s RS ps,es, With
ul setuG' .,-s!l.Z 'he t,.;,cl7 20 tia. atont the
aty tt't = tu l,c cGLe fst1s to h-, 10 var The |
Eort s-rs.- OF :te ,aEs f-a a.d Eastern u.attee
F1c,n Tit :,.r soIaE u viii tx rtnndy nrlers,ocd
hSt X rtsN,s r. gel norrs y: hstk excerpt taoss,
HTt1H ths1,lrsl to r.-wA.le many rr-pon.,ble
v:ftN. rs c,u fct lua.vY o. sixty atG uCCty ,.isy
ayr at stoHs ~ 10 : fcs cent per month u the
pts cIsktr.