, 1869-09-11
MONETARY AND COM AlERClAL.


tHtnAf AfEklkGt 5EPk- III
sDn,c Wneks aRo hccretafy 1laut we'll rA$ Fts-
,o.tcd to hase ftceigctl from certain ieEuan
capitalists m offer to take floo. o.UAo boo Of q bc#
tour pet ccnt lnan Of tho Unltcd atntea Ut phs.
Notwithstanding The very reasonable doubt u tho
tona adt character Of thta rrraFtcd nfer-whlch.
tu haY tic truth lid not sccm very probable when l
tho saih carlt4,lats coui huy Entct1 States o.2os
1t ri renls Ihr dullar, aad thus Ret return Of
nearly c., per cent per AnHum In RufI-hot With
etarauE this tuutt, Il Il, oslil7 enough conlAent-
y nni frequently asserted y Americans travelling
III I:Hrn}s', that n nrn f1Vr prr cent tsnnd with
from twuntt.nr 10 thirty 5carr 10 run. Mst!e
trrrincoiir raynalc IN coin, ani nsa!c uuqurs-
,Iohhbly exempt FINN saxat3on. could he
sold 1T nearly rar In Enropc, II such portions Of 1t
~ wtrc airtrri thrte wrrc rnae pnya'lc, prtnci.
raj and tnc.tat, In fctrrni Of tic latsr citrA nf
Europe 4 Mt. lloHlr-. III Atneriran blnArr. nnT
In swit1criau.. writes tn s"rr.'.afy DnutwcIt, IN
rcgnr,l Ia fr sfrsA II rrislt capitalists tnke Of our
present hspf, NJ ipllnHs:
"fant, while this high Fa.r hhs tTcn tho tnf1nrc-
1nrlt ''uA far. i Ia tpuhlfs nt'IneatIana''a that
ttnt srEt s1c hh4 arti krlUL'l DF lllstEilRt md
freIrfn. II tnr bankers bn1't7 II hftfr,i III tiir
atnfi nA Ahd IEr rrh PrF anul,'n, whltH
a. "'r' aF :sT nta al q, nss s"l. w"i
II, il ss,n'v hrmsea that . 1 rer cens
Gr ttron. tStInitRhh thu attention OF nnofhcf ANIL
tnt tunFs' srttn1ih ria*s Of t'onrrf. VIZ: tr tHa
rf eapl!al!.1* hni Investigating nXcnt1 Of colt
Er!tntiyr i.ufnIH..'
Suw. although It sccns neuacnse to way that rc
night nont to.rGn rcr cen. Ioau at nearly rar,
WHEN our 4 per- crnta and & pct cents arc worth
only ~ cents mod 81 renh respectively, there II
feailf something IN tic point malc hY Mr. uoHtrfs
The c1.silt al nan OF aation Il, to great cx-
tent, tactttions We, latloo. are ln the tut Of
dlscredls uow+ not SO much because tho holders Of
oonda, or wouid-be bu3 ers Of them. doubt our
Intention to paJ, ~ hccausc VI assumed before
hnnr1 that They uvhti doubt: and VIC remain IN It
now. not 70 much from any ttltet In our want Of
Intention or utility to p<y, as because VIC were IN
II lcfose. While the truth OF this II
!. t1oes not remove tho paradox. AID while ous
l0-I0s, which embrace nearly hl the features that
arc expected to assist the floating Of nc loan At
rtr cent, remain much below pss. the problem
Of how the debt IL to De refunded ut lower rate
ol tnteteat l!oea not seem much ncarrr holutoo.
The subject Of International coinage continues
to lc ag,tntcd abroad, and Is progressing. Mr.
Robc1t Love, the Chancellor Of the English Ex-
chcupcf who IL the nryt in hts position who has
had shr boIancss to propose to deprive tho Hank
Of England Of the custody of the public funds, II
| 10 farot Of the adoption Of \ system OF lnfeIna-
ilnnal coinage, aud OF decimal system OF money.
This subject Is rfcc!rinG much attention III Europe
snd II secrns poAsiblc that The dts
cuss:nus mag setiln down urou = tweaty.nsa
| b. 70 uC-r tho ya,1c Of pound sterling. and pI
the pre-dollal piece Of American cotn, th2t with
| ttrI slight change Ia the EaauCa Of the twn, It
| might t,e accomplished. !As an Argument II fayot
| Of THIS Il IA mentioned that Spain hns adopted
tho French lFanc - tho monetary unit, and It has
thus heroine that Of France Belgium. fia1y. Rome,
! S9H.et>ard aud Spain, coutalaipE nearly occ hun
| drrtl millions Ut l4rr'c: Whlc Prussia anu Aus
tr1a are ready TO f1iow.
! The uc:I&Ity In hus1pess aud Ia dRlncea tot-
times 10 increase gradually, though the re1orda
OF the Clearing House show shat the volume Of
business Is etll consefahly less than at this ttuc
| last leaI. Motley CONTINUES In toietahlF fair sup
ply, and II tie hinks Knew that lnes weFc past
tnci7 statement day, It would IL let out morn f1ts
II, AID the nalet wouid be moderately easy
Saturday esratns Of Monday morning would be
jest three months from tho LAST statement attd It
Il altogether p:ohat:c toa: souc dly aho7s fn1s
t.r:c viii Ike ats,HratsrI.
After spec!a' inquiry both Of bantess and bro
kcss DO nut Elnd grounds fur believing thst any
respectable business PAPER t. being discounted at
oyes ~ l'eE eeas per ataan. Brokers frequently
report meney Al ~ 10 g rer cent per month, and
some paper seemed By collasersls ihst wonsa not
be accsI'f't hT haHks II tetng soli at that: but
| Enero there arr acy exceptions 10 the rn.c Of Il
per cent on regular basincss paper, the discount
Is less. Real estase paper, however. hAFtng from
sixty days 10 Elk months 10 run, Il sold In eouie
instances ~ to 1Fer cent per month.
Thu currency Shipments TO the country Eert
large agan today, and. though the dow Of co,
rencJ from here to The grain districts onty revived
| aweek ago, some Of our bapSs profess to have
| at,pAhT sent ouI Ecfy Largo proportion Of she
| usual nscsAfc ot their totai fall 1ec!tta1ceA Tht
crop, however, Il no. ouiy larger tuls year thar
last but il being more freely marketed. andl'heft
Will 11ooa.Ay be lasEe deG.na fos currency yet
E1cnauec continues to declue under tue largt
| arourta making, and wa. sold between banks 10
DIR O; flo 10 tt.c0 per fleoo od. At tho countc
nanl ets are scliac At par yet: the dl1cfeu: haaf
arc talinR New York fluids NJ ra,ioas rateJ Of DIS
count from = to Il on ...
slcssrz Field, King i Co. sold, yes:crdaJ. s1o Co
South Side ttty lsAilray stoek at w.
Tho iol1o slug tah1e gives deale7' quotations 70
tuypg anu selling government .ualA, tGcA s.ocks
cold md silver ia this market thls Afternoon: III
zeal. annual interest periods Of the United S.a:e
! t4pds AIc atko gtycns