, 1869-09-10
MONETARY AND CON MERClAL.
MONETARY.

4A+hNQAl k.fhF4NNt ttf-
Some Of the View York Journals, in A3.ps tho
R5Id speculation, hare Ind great deal to FaE
lately about the dcstre O! the West for higher |
rE1ce for gold: hnd also for ThRt means the sAne
thing, an Increase Of .thc ,1redcenah!e govern |
tncnt eutrtacJ. Among other and similar tu- !
nors IL other papers, tie New yosk tfor4 Of tho |
9Th has tht following
"The uetttnS Ct prominent merchants At Cin. !
clrpati, to fske measures for an Increase in tho
currency, Is tie natural tekult Z! the depression
In the West from The late aztac!a. tec!!ae IN
gold"
The Cincinnati Ga:t.,e, however, declea thu:
there has been any Eecllnx Of any cluts o! per-
sons In that ct!J-oot to mention "promlncnt
merchants Ito take measures TOR an Increase Of
the currency. 4 cau-got I'D probably bJ
fone Of tic Pcndeton grecnoactcfs for political
rurposcs-Was indeed made for R1ca = meeting,
hut the appeal, hs We understand, was made 10
the wrong class Of people 10 endorse any such
seherne, o. n WAS made 10 "buziness men," who
under,tand that an increase Of incouyertibIe cur
1ency with liz consequent imitation OF prices and
itl inevitable co!lapse, though they may afford Cue
opportunities for speculatots arc the se1J fcScr
and ngpe Of frgulns trade. We assure the Etrlt,
| and other Eastern journals who rod 81 m1ch s!2-
nleeauce IN the derancs OF tho West for mora
| iE1edecUate currency, tha: the demand
flr mcrr Erttntacks culAratc1 entirely
from pellt,cal dcmagogues who a:e
ttidiDk for popularity With tho rassc!,
| uEdcr the mistaken uo:Ioa tia: the entire porula-
| lion Of the West hre lgupramuses. The business
| Efn-thc merchants Of the Wes.-tnow that the
| stability nnl proltaoltue.s Of theft trades von!d
be Injured 10 the end by an Increase Of deprrclatcd
cut1c1cy that woult only deprec!atc still more be-
/ cttte It was increased; aud VIC belttrc that II d
| vote we7e fakeu m tho Western States, ID which
the occupation Of tho yotcrh Vas specified. It
wouh ttoH that11ear,y all the business mcn, &,
tho perchantE, manufacturers, fralcrA, bankefs,
l+ar N1ft tt11e ft+fit n
currency. A similar vote would alAo probably
thow ihat nj arly all the t'.siness mrn-cxccpt,
perhaps, tho bankers Of tho present National
Tanks-wcre 1a5urabtc to d frce banking law that
xau!d remit National Danss 10 he established
rhcrcser lEcy are needed, who would fnritsh &c
the hurInc<s community a. much currency a. II
could u.c, but Law that nj the sane tine woo'i
pro, i!e for she withdrawal of The arerne'ack cur
rct,cy, titus ohliglng tho hauks, whc issuing tNci
currency, to begin The worI Of moving loNar'l re
| sumption.
t1pr Of the financial crents Of the day Il tho reg
tpeJtffg Of le ntfTk Gf thF Fife fthiiEpa tDnrHnY
~hiCh taok pace to-day In New York, II Will b
rendered TINT son,r nut,thH ago lE1c was atrctr1
fron the lIpt Of ntNks called Mt the regular ara
sfons of the Scu York Hlock Exchange, hccaHs
thrsc WAS no public record Of how much atoc
itesr wn4 In existence. aud that another Rtoc
lha,d caitet tic "Ette Jjohrl,"-tcrmc,l T.
brokers an1 srecnlatuta Who. instcaa {
| dealing III securities, preferred to siral
inseeuftics hEh nnceralntlcs-Has formed. fl
tia ttrcinc ruipuae Ut Ealing In Eric. nne yen
asn the stock Of tho Eric Company nns sci dow
In the htock lists ut s74 +t5,EN OF cnu,nou stool
and ta.tas,tn Of preferred, or t11.M1.4N tn all
but, dutIpR tho pnrnlnV campaign between fut
drft'ii atd Drew, the 11tter bn'l changeh n 1arg
but unAnoxU atn1nt Of tic companya convert
bic 1tUnfs-whrtl he hell M security for IL llatl-
Into stork, hui thrrw II upon thu In,rk"t. Sine
, ihen there fas tccu no reliable iu'n1ulatinn G
. how tnuch etnck was IN cxIstcnc
\ nntil tudar, ahctl The Etntk uas Fc1l,trfci
which hhowa ihAt their Is ssn,ooo.Nn nf camTo
eIock, atu1 t1,Af.Mp of pretr11e'i. or, II oihr
rurlp, That lfr stock has been wascrrt aG1,olhip
over hub'lrr'i per cant. II |. csF,tnNtei Thu
s,Dut thtrc thru,nni shares vi III" stnrk nrr het
T. In rhlrnru, .nl1tn VI Which rot the ho1ere lrnt
tax; Ia epe Int II selllhr tu.siay At a4c ~ A;r
Iintnr.llatu decline, humrscr, llna rrstl1t"l fthf
: lhr public announcement VI thu ntnplnt VI u
Z | a'mk, A. t'Ia lrrElno MAS anticipated snhl
i innhths hun
!. T'hn nrtlsllr III Krnrrnl hn4lnr,a, III Halrs I
u KtdS,s. RthI shrmruts ~ RThIn. AMI all lin 1T
u prudent Gal1Hs. IA MI th1 tfuat". Th"ra IN ali
,ntlr sr,si,s tn lhu N,nt,ny N,a,tcl tu,ta rrv,
:, lar iAnk rntlatnrrr f1ht ho nttnlty IN Gutts,
, | Ilottty yrt, l1ls ha.ttA InAH with tGrfalln lfs
hlI 3ri Ht1. probably, Moni1 Int out mora, !! tl
:, DAY tor thcif btalenIt ta tin Gulnptrnilrr !t,
beah Aalie,!. IfIr 1:nFket n mt CHrn fuE iht,'
:. who have "habk fnGl!Illra, hut tnIioxrrA IN III
i. 1rtn lnarkct iuh hntnu dilIctltT III getting u0rs
!. even uli good security
:. currency hhipEnsuts IL tho country wrrC larg
= | to day, AnL show au 1nrrraHlnK Acts,IIy In II
It MAttctiuR Ut gru'n nt the Interior tnarknt inwn
n l Eoyrrul Of thu trading baDks Asu pr,tttiIG Gu
rcncy t1om New York III largo amounts tn ''aJ.
:. r1c aurpiy Of ksan and produce hills OIL Il
d market u tarreasln2, ~hLch put thu prlec Ut Nh
York exchange ,towH to HES pcs sl.kn d!scoa
u tn-t.ay for fnlea between hahka- Al the counts
baukers arc ke]Ilng Ut rat yet, an Aro tak!nx Nc
York bills q. 4 10 4 on aud Buffalo bli at i o
The foI1owinR tAble gives dealers quotations &
bu5!rg Aiid selling EoTcrltuent bonds, local stock
gold, and 1Etgcr u this snastct tllh Aiternoon II
tcn1tnnnual interest periods Of tho United Sat
hon.is arc also glycu: