, 1870-03-04
Monetary AND Ct}YMFRCFlt.,
MONETARY,

THURSDAY EvE1lxo, March 3.
TIE present Admlnlstlation h7s beeu In ot1lce
year. AID lhe Stcte.sfJ Of tie Treasury coup,s m
me nna1ctal result In his statement for March j,
10 reduction 0: ts'ls4, 7ss IN the amoubt OF the
en'htaEu!ER debt. Tie AMOUNT Of tie debt With
acctut Interest. AID exclusive of Pacific Railroad
eonda one 5ear Ego wss a2A ,2ss, and the re-
nhcu1n Las been a&3 per cent OF tpn. amo71L
In's rate OF calcell!nG the dsbt would pa1 the
Whole Of It In about thirty yes.-, and even per
cent ilstesd OF heA1iJ sN per eelt were pad al.
rrA'lt, 1t would e1uaQu sh the Nhoie debt within
th:rt5.nve years IT'S rue tnAt 10 coortrue to
pay 1t oc st even thA euoruou1 1xte lne burden
wousd beco1 Fo1ewhas lighter esch year, a. tns
tsme Percentage on timofahtd amo1nr Of
principal each Year ' ould diminish tic amouu. 10
e. paid For irs:arce: 3t per cent OF the debt
'nls year would BE- ss 54i,<l2 toatead OF $s;ls,,-
s ns last ear, but eyen With tnls II III favor 20
1an:t rate OF paying The debt Is unnecessarily
oppressive 10 ccnttuue It This debt Wal COL
:fkcisd to preserve SoverImtut, ard as tie
government will probably he Of a. much benefit
10 pcs.cr.ty AL 10 10 this generation, 1t is no
Ucre than rl9hr that postsrtty should pay large
share OF the pzt1cipal. The people hare paid this
year. ia lnteres; and principal Of the dehi, about
tel7.Go,ee0, nrd there Is now general demand to
haye tic fcsd Of taxation llRntened. The paJ.
ment Of 10 large perez utaRe Of The debt, low
ever, dorlrz the paAt Jear, has demonstrated the
selliy Of The government to pay OF the enttte
amount IN remarkably short time, and this fact
Il now atdiI s the progress toward Bpecte hesif,
aid Will undoubtedly a1d IN funding the debt At
los e. rate Of interest,"
TIE e1rei!ence Ct every day connrns The beltef
that the dec.tre 10 gold IL perrarsut. Day be-
fore Jtste1oRss New Tnrk dezrAscees ttt.nated
that there va an etornoua "buu combination
In that city 10 advance the price, and that they
Tad alreads bought Te15 largely. l: Il undouoted-
= 1f9R hht fhSFfA qn
to make The price Of gold 90 n7 Is
these Arc, dopbtltas, socd many
Merchants tte,e VITO see bsnkrup:cJ In the pres.
cit price; Int, lotN,ths,audtng the bal, coupina-
lice, atd their heavy poschAes, gold has decliAed
! Fer cent sccc yesterday nornltg. UEdet sheae
ctcuns:at css, 1t II not probable tba, epecua.ors
wtr:d eeep o. buying for r.lc. II Is apparent
shst teete u no cernden:e IN the premium On gold
1t A.! In Tie nearssne, the great plethora Of uu-
employed capital IN Eorare =, the present time,
EkEes Il ore ecslse demand for our borda, and
tetif export u the ntals Of adding 10 The accu.
olat1o1 of Eo!d IN this county. While the e1-
pe1is CT god are tighter than they nave been be.
io1e tlree tie war. erec:e u Aso iowi1g II from
:o1e'Rn oo1Ltr1es, At sne Ea.e OF 50 pc. cent
:re1ease On the ;nportA Of last JeaE: the
IL potn OF foreign specie into New York siroe
1atuafJ !, is'e. betrg s eol57o sganss pal SO
tn tbe eaua re1icd of sass ytar. All these circum.
=
aod AID the postlbI:sJ ttat the drop maY be ho.h
lasre and sudden at any time. Ths signs Of the
tfsles are fucn TIA. eensloe people cannot Eats
taAe theH meaning. They mesa that We are on
the road 10 specie BATH, ard rh1t though The
p11cea Of Eoots acd commodities are SOW IN fcl.
ling the dtclne IN gold, tney viii experterce It
1000.
In the local roucJ narset eFe.Jtans TITS
AlerB With rersrtlble regularity. The demand
1or acce unedatton u active, and the bank loan
are higher than usual. hut approved horroaets
ma 20 difficulty Il getting What 1heJ ask for. IN
fact there has neTer been tine when there was
20 much capital locked up N prodoce held in
sore here .nss money va 10 eAsy - II preeent
THIS sREees w.so the belief which many entertain,
faas lnore than The usuA amount OF the grain he'd
here now u held for country account, and on
country cap!t11
ExchApEe WIS FOLD between banks TO dsy. At
from par 10 CSC per q, 900 decounr. AT The coun-
ter banke1 sell 1t par and buy a. lilo premium.
ssle1 NJ the Stock Boazd to day wera.
sAfd9 G. s. aoa OF 1857, seIley 1o..........,117
fe,ttb American RptQ. PfllE{ {1H...........l1Sss