, 1870-02-10
MONETARY 4Nl, COMHERCIAL

WEDNESDAY EVENING, Feb. 9.


Ore Ct the Principal subjects OF comn.lt IN |
acanc!a! circles continues 10 DC the Eeeent de-
ei..on ID t.sald 10 ltsns .erdtss, ant the public
setn N TO DC ssiu tn ucn donot as 10 VIA. mas
tth1ly eetu decided BY It, ard 10 wha: exSeos II
rsy have cry lCnce.ee upou the present. GisoA-
ucu. THIS dooet hs*, pezhap., been decreased ~
lesrpap-r comments a.d soeculatioaf, xn.eh
ts1e ATTEMPTED to a1sye At coLclas:ols upon
pc 1lts ~nlch the Court sooeht 10 avoid. Jacge
L.a.e4 tp.nton Il, towe5e<, 10 Say 1na
LEAST, c1pfesse1 IN very tqaEoca!
israusSe. He premises Il aith tie assertion that
"to ehe doubts lae sensrat cnnssuEuona'ry Ct
the cc.,'+ a.d ts5s the oolJ doabs Il as to the
puw4t 10 make the Eotes legal tender for pre-
tri.t,3 cept1. "Dut having tnus denned soe qoes-
| ron before tie eocrt, ha does not ttict 10 hi.
tex' tut travels CT into scIewhas lengthy argu.
uel1 to prove that there Wa3 % necessity fof de-
c1srtlg thtsc rotes legal tender at nl', whether
| lee pte.exeuuk debts OF t7r deb:s fuoAel7ensy
contracted. In scprcr Of th.s he says thar no:ts
Which ~ere not cec.csed 1es:l tender c'Ec7lassd
| tteely AID without Discount, AID laas the Gax!iy
Of recsivahtl!rJ tor soycsunens d7es manly,
SID rot Their iesal,1eEce1 quality, sustained
ttem IL circulation at the tes At which tac5 ~ere
rur1ctt. Eaylng mAte this arEunfn: nyaa1nt t1e
txseatercy Of mating them legal teuder foF any
t.rd Of debts, wnetteE ptes1ocslJ consrsc:ed CT
,o-, re Ialt4 back TO the qses:'ol of teed being
lEn tetdcr fet denis eont1nc;eA ry1aE to tae scs>
a1d ctea several rfottsots IN The constitution OF
| hitch such constructor OF the LagA-Tt7der
pcs weu'o be dyec; vo:1:ioc. T2e Nn1!e Ct
81. o2;1iua m1y be su1m.d up ID fe!oEH:
F.rr;: Thst Congress has the i-r'ifd power 10
issue notes that should be 1tGns tender.
Second: TsAttre recsts..5 ofi.e siue Of l.sA-
, tcndc: roses st A.l WA doaos'n'-
Tuvd: That IN aeeor.nnce wiki the Fp1tt Of tue
corsrsution tcey ccEld not ee srp.ted On dehis
, coatiac;ed pttslocs to the Set .....
II v,N be seen tha. the element OF doubt thrown
, IN e,atunousIy oJ the Court Is vns: leaves The
present po.n.oo Of the LeGal.Tender &C: some
whA. OBJ ccre II the public ,nlad- Was*evls con.
clu.ons may &c sstlyed 1t IN lasurc dec!xoas, II
nav &c 1t least eately assumed thtt ~ far az debts
conta acted e.nce the Tatssge Of The LeRs,-Tende1
act are concerned, fhey remain In
p,ecsey The sane position IS they did before ta'a
lAiest decisou w4s g.vca-ct!ess coadN1 III
. ;sreIce may be cEaVn 1stu Af. ChaseA public
rtce,d as secte.ar! Of the Treasury vhs the L.
, | ealTer der act was pet dt-g IN Corcse4L A. Ia
g. this decision has tsf,btshts tning II Is onl
that .eb4 contracted rE!ot to the paasaEe OF lac
Lesal-Terd%r act ate now parable N gold. ba
via: The prbnc are uost Interested IN Ne91nS
Eeetber the dtoss nox contracted on 9reea
0 back hatlss wien e1eeoaaets arc To11
hut 81 ceu.1 in god, aad when
" c1terescf debt caa1d, IN pfacEee, D
u pad by 81 csn,s Oh tie collar in Resd, snossd
| kcI1e tasate tine, wccR CoIRfesa, ~ eatnei vssa
y dsssnl or BY l7rd.te the gree.oaeEe-of az
c,s:r .,s:tr1,, ac:-esEs .ccsea.ed TER Fa'ne =
y, ttas nc SrtsreAes ccet cots:1csed A. 81 ce-ts
ep'd "a tie co.tAf, ahall hare to Be pa.d 10 10
. ceu,4 IL gold cu tie dollar OF R'eensaes eeo
Ihts Il aaest:on wh,ct 20 cIe ouis!de Of The 50
p.cac Corr: ca pslsurie 10 ans*eI es2!a-.'= "
~ TIE CatattaLs sic s.bjtc1 10 yefioi!c sg.ta
ron OF the - tllyer Iatsactc "as they ne p'saaes
% % cA H. which, to fst the truth, H. to grea'
:ea', &c ttcsStzszy e<l- Bus peo5ls are olter aH
\, tte.tel more ~ ius2 2tnaIy tvl tnaa y the fes
ure.. nra citea eperd Gorc uEe tc making lAN
II II etn than In The c1rrec&1o. CT real abuses.
&c res Mne ot ae.icn Cau4ea his foe aoEc tine Gat
4:nec btsn inpcf; d11 CT American C}se
sid. IN consequence, II only passes ~ per ce'
to di<eetnr in TIE general Inferior .Tsde OF ZEE
II, ,atc1op. TIE new f,rance X:u'k.ss, ss FsA1e
IT, A:rek1, dee&trg itn eo1sno:d cog
g. p.lrt IA opportunity for orl
e.. :so: ND prcn,ae1t nranctA c7era:oo, .
.ps tkued cntclsr - Boasds OF Trade ara oIt
he o,eat,1ed bedes representing The 11ad:nS p1o
~ atsl.g the:r tLdllseEe1t Of PROPOSED Law
st,ca tic crcn!x:io7 Ct AEeTc1u coin a. III Pre-
81 ett eprrtn1 rata shaA be PROHIBITED, ar3 IL Z
re- fAuc uae autsot gag him 70 istue roFesc1e
III. fractional cuI1eccJ II e1c1Arge for Amef'c
- coin, n aoous lis sAne II pa'lsoa- Tas psppos
,ry ! mas Naked tie "ERcucks"up to TIE Tact Il
IVY ,ney are cot halt Euca dA1aged by TIE "s'ie
%, ttAst1e" II they had tmsgsned. Tee vesJ ne
"a est FrppoaA Of the Finances 4inatef met
i ia | with much cer4ure, and tae TAX o1 auFes u
;cn | "Lr.saEe " u likely to cerfe
ap- The soea1 Eorc} 1atkts experiences no eaao
,seF e WORTHY Of Eose, acd The general renaik ~ nj
,st rama u that tcslne4s T. very qalet Borro r
age who are entitled to ACCOMMODATIONS get IN
t 10 Without a43 dGco.t5, eu; The EoSt ei the ON
u, are s;ul runnt1z pretty c!oee 70 theu fesess
ass, .pd aaJ dtc.ded tncrtase IN the deHa.d wo
) Il rake nokey tight. On tie osaes haad- isM '
reL- .scn ne p1rpacd to rake a it1ie moro ttst g
AS paper than % offered. In The open nAsEe' u
BUS IL no nh.-e'a ass rspeE snoss ard ssonsa tae q,
il ,rai 1A;e 10. money u tro1 ooe 70 eae-Aca's-t
new nj n. per month, Il could mot be loaaSe
! TIA.
ess = There Is very lille currency uaoFfse
,:nei a-y un,caou 11pt ~ present
sums tse Currency s.tIas 10 rave sore Eas', % :
asla @ YORK SEQ u.ssop, vhers Il u Aoundae
Sm E1clsrge was sold NJ fto1 par 10 -; pc :.
wrh pr.m,un 10, fnie. be.we=n eaosA Tue auopl
lha1 tu1s on the a1ket II Eot large Banksts
o,er TIC cnun:s. II pa, and take II lilo CISCO
ssa' s.,s sa.ea ~ The STOCK Board to-dty wese;
pts es shares R.pabac Insurance co..-......-..,,
V IN. Sln y. s4 BOT ds, 1sss tcee>
d s,.l IL ano:tc. colann WI! be fcu1d elrd fro1
frae. ! F7talaers OF tho Sst,ona. Bank u Commerce
snna canps1ieo hJ = ocrunesss from tha HAnk u
Lee, relative To tho condition u tie bail,