, 1869-10-09

MONETARY AND COMMERCIAL,
MONETARY,


FRIDAY ErEslk0, Oct s.
EserJoolJ has hea1d Of the mpck.hppesty with
which the desl Ia said TO preach honesty to oSnera
No more rslpaoe instance Of this GAG be found
IN print than the style In which the Chicago 7f,e4
ialks aud figures this morning about the "Keduc-
tion Of the Debt Two days ago We published In
ta1A column OF TIE TE1BCa8 q isbulat statement !
Shou1pR The progress oI the national debt from
March TO october l. THIS showed thar, ex- /
Guiding The sccrned interest TN which there ii
very little difference between the amount accrued
On March and the sane on October u, the |
Aut unt Of the debt, less the funds IN the Tfca-
auz!, had been reduced Ss9,53Sa4o 4Iuoe |
March !. The G!nctAoati EJmm<reiaI It ee.tua !
had also puoisied h similar statement at
about the tame time, which We md |
reprinted IN lhe 1imeA article lint rete.fei TO- |
ahi In which the latter psper ntteupta 10 deny its
eonectnrsa. The tAbonr statement Of the Cum.
snt,e;al was lisa complete than our oHn, but
arrived II the same conclusion within afeAeuoe,
W.. that the net reduction Of the debt slnce
March VA 80. .71o. The Tmes, referring 10
these statements, sa38:
Their u q dishonesty and defua1o2lsn about
the Way the Republican newspapers make ssate-
ncnlH coucer1ing reduction OF the deht which
hhoRs that they nEr afraid to present the facts"
In the ver5 next paragraph after shis little hnu-
Hs upon dishonesty, the 1ats, referring 10 the re-
duction Of the debt ainee Mr. t'o1twel came into
once, gives the following specimen Of word
uickery aud dishonesty:
"Aeeon,,ns TO the statement IN tho e1trset, h.
has only been able to red1ce the debt Syd,
the excess Of tonffs IN the Treasury 10 uctoneE
over those OF March be not counted a. \ re-
duct'on.f
TIE assertion Of the Tins<. that according TO the
statement in tho C.mutreiai, ttltrc IL any Euy Of
figuring up the debt 10 a. t, shos 4 reduction Of
on1y t!.97a SIG, Is no. only un1ruo hut rtaicao1F
The Eost dishonest part Of The above quotation
from the THscs ho4cres, Is IN thu AttctaPs. " m
cqu!vocal u, to convey the Impression that
there is ZONE reasnn tor not deductins tho cs-
ctAA OF funds IN the TreasnIy In Oc'ooer over
! those Of March from the total Of the debt Nc
! hive pronounced these statements Of the 7Ym&s
dishonest, simply cut Of courtesy II the 7fme4
! vriscr IN question, upon the assumption that,
! IN accordance with the perverted Instincts
Of bis class, ho would rather bo called
| tnave than a foo!. We are liot defending Mr.
boutwell,, but are at all times really to cfittcsc hts
! movements when they deserve It. which ihey frr-
| quentl5 %. Those who desire to have the proof
tnst there has lecn = practical reduction OF the
debt to the amount Of taa, 1.s,slo. since March l.
may md II IN the FACT that while oil tue oblIyationg
Of the government, IN bonds, certificates, notes.
and funds OF every kinu that now IN existence,
arc lcss In the uggrcxs.e, by s9els,els than they
were on March |. there Ii t,o, o,o19.s9s more funds
in the Tfcasur1 than there wns on March !. Add
these Two amounts Together, aud they make -.
7sa9,0. THAI |. The amount Ut tho practical IT.
ttuct'on ol the tel't sttee March l..
The EoEer market continues stringent, bat tho
banks have experienced considerable relief lrom
the faIlt1 z on In The demand Tor currency. The
receipts Of grain are diminishing here, aud acme
Of the banks nrc also tnIlng lew tiuc btlla on
New York against grain. This has tendency to
work on gopu Of tho surplus eralu IN this Market
and mltiHntes the att.ngrncy to soma extent, se
that on tho wholo there "a m improvement II
the 5retlnR al1ec The b.1tuulux OF the week II