New-York tribune., 1869-06-17

The earnings of the Chicago and Northwestern Rail
road during the second week in june were;
s2es si3 80 sJo5 Gg5 y So q
The CbtodOo Republican OF Monday says
General trade throughout the week ending with to-
night has been moderately active in nearly al depart
ned with the favorable turn in their business affairs. In
financial circles there has been very good business
done and though money was quoted comfortably easy
ON Monday most banks, particularly those whose cus.
mainly operators IN gram nov hnate InaI
lar customers still accommodated quite ready out
slders however with more difficulty In negotiating
loans at the banks and IN many instances are oDged 70
eeE the outside market The chief cause OF the tightening
up Of money this market Is attributed TO the large ana
numerous calls from interior points Last week heaiy
an OF the banks ordered more or less currency from New
York. but this week eompaTatvey NIUE @ mas &fived I
from the East banks generally depenag on thelr ioca
resources to supply the demands most OF them beheyng
that the inquiry from the Northwest would fail Of but
nasmuch as the has been the She banks now
find Themselves between fires the local as wei as
dining their favOrs to regular customers Rates Of in
terest remain steady at 10 per cent per annum 80,
caring 30 sell until the market becomes hmer, and only
those who have plethora hand and need the cprren
We're at discount 81 900 Counter rates were
steady at lloat discount buying ana par seHng' bu
falO bills taken at 30. on
The following correspondence shows that tire State Of
Missouri is the first state, with the exception OF Massa
ehusetts 70 accept the obligation to pay tho principal
and interest Of their debt in gold:
"TREAsURERs OFFICE, State OF Missouri, City OF
"To The Hon. HORACE B. Johnson, Attorney Genera! Of
Missouri.
"DEAR SIR In view Of the recent decision OF the SUI
preme Court Of the United States In regard TO the effect
az contracts made prior the passage OF what Is pOpu
sry called the Legal Tender and In view OF the fact
that the six per bonds Of the State issued 10 aid in
the construction Of Pacific Railroad, the southwest
branch Of the Pacific Railroad the Iron Mountain Ran
road the Cairo and Fulton Railroad the Platte County
Railroad and the North Missouri Railroad, promise TO
pay the principal Of said bonds III gold or silver the un-
dersigned Fund Commissioners OF tho state Interest
Fund have the honor to request your opinion whether
the State is legally bound To pay the interest due
emannualy on the first days Of January and July Of
each year IN gold coin An early reply VIII much oDlge
your Obedient servants.
DAN NJ DRAPER state Auditor
"And &c OJciO Fund Commissioners"
lREPLY.I
estate OF Missouri,
OFFICE OF THE ATTORNEY GENERAL,
JEFFERSON CITY, Mo, June ], 1862
" Hon w. O. DALLMEYRR and Hon, DAN NJ DRAPER:
Your letter the 25h instant asking my opinion In re-
gard TO the legal obligation of the State TO the pn-
cpal and interest IN gold coin on bonds Issued by the
State has been received. After carefully examining the
decision OF the Supreme Court Of the United States, and
the various laws under which bonds were issued by the
state of Missouri TO the Pacific Railroad, southwest
branch OF the Pacific Railroad Iron Mountain Railroad,
North Missouri Railroad the Cairo and Fulton Railroad
Company, and the Platte County Railroad Company,
have concluded that the State having sold all OF said
roads under the lien the State held ON them Tor security
of principal and nerestn said bonds and the State hay
ing by said sales assumed all the obligations OF said ra
road companies s legally obligated 70 pay both the
principal and interest OF said bonds IN coin as they be-
come due. Very respectfully, -
tsrILl Attorney General OF Missouri.
true copy from the records Of the Office OF the Fund
Commissioners. Witness my hand and Official seal this
'-''' O'' "DGN NJ. DRAPER, State Auditor"