, 1870-03-10
MONETARY AND COMMERCIAL
MONETARY,
"WEDNESDAY EVENING. March .,

"WEDNESDAY EVENING. Msrch .,
n 1887 government lords 1Itt begau to
ltd III active mstfet IN Esrope, aud began
to appreciate fss'ef than RreenbsekA The dtoer.
erce Is ro1 ! per cent In favor Of tho bonds, aud
u G'eencAcks get 10 PSF, hotds viii p.obaoly ap-
ptec!A't to ItoIu TO per cent Abovo PSF Ia gold
sosr afser. When that po4ieon shsl have bcsn
reached ifere viii be- but uss1e doubt about
1enttnR the debt As 4 lover rate Of
'n't'c1'. becsuse with EOS At Bay, los,
Il fe!urn on the Investment IL only II pet cent
TER snlun-. On tho payment OF the bond at psr
tie plen :otn shove par IL iost, snd II payment u
ato ln ava ,eAfa from this ds.e OF inycssment It
Ftrd fednce the Aonuai rakuSn 10 Ill per cent
II tsJnect is made IN leu Jears the auru IL re-
tu1u en- the luvetenent Would have been AL psr
c<nt per alnum. These nguro1 SHOW thst II tue
5 sc can be advanced to 1os We may fessooAblJ
expect 10 fund thu debt at pAr into or ~ per
cert bonds. Our bo1ds Rdyance ia tne L1ndon
na1tet 18th evrry decllDe OIL gold, tue London
quotations for 590s OF 1869, 1895, and 1861
hl'!rR uoW advanced ~ per cent atnce tho
fr.t CT the year, an advance equal TO
optr cent in American Eel1. It's apparent from
the Gte.s Of the cecltne In gold that the way to
put s~sN above rsr, and 70 make the refundIpR Of
The d.tt Al OF ~ Per cent Interest Feasible, Il
fret to return 10 payments on the currency.
Csc * tie results Of the decline In gold hss
h*ep 10 make ! large demand for silver BY retail
Gta'e1e, who want 10 use 1t ID their bualnesa.
THis dtHaLdis not only from the city, but for
Eev ~ dt5s psss cur city bauks have been receive
:rG o!d5rt from their country bank correspondent
for Enall silver, and theae orde:s are incresNng
largely esery dsy. Tho people arc evidently dis
cnsted with fractional paper currency, aud ase In
tt1pset ID the move to get ulyer In tts pace TIE
eecretary Of the Treasury has 1ns legal authority
and tie spt clio funds with which TO begin speas
ka1ncnte on tie fractional currency, and ought
to colt At oncc, without reference TO tho zel4u1e
vstCe1 OF gold and R1eeubacks. For the present
we 4 ny txotct The lc1u1 Of several nlliola from
Car ada n the rteut Of the deeIre Of Tbs trading
rueEc IN nj parts OF the county to do their bus-
nt6a On specie basis. Wnen the people sho1
srca desire 70 have sQyer in place OF
the Objectionable fractional currency, u u
evidently the duty Of the government 10 begin the
Redemption OF TIA fractional pager curtoacJ In tbs
fracsiecal RilTel coinage OF the mint. This will
put Kind OF specie tn circulation that will not
lease the country in expectation 80 readily ~
eoles viii stay here and male tho stepping
s'ore 10 complete specie resumption II the
Horse Committee Of Baking and c5rre1cy. WHO
have teeu atupetytn9 themselves With 1DsAue pro-
ToNstors 10 ircIeAso the yolnme Of paper c1Ireo-
cJ r., ,ooo, oco viii urn their attention to getting
"a. 1.ee, Geo OF silver in circulation Instead, they
VII thnw much me1e Intelligent understanding
Of tho financial tltuAt:on than ts ehoEu by the
prttert peaiuo1 OF tue House Of Representatives.
4 feature Of The pltce Of ga.d \. preaeut Il tnAt
!: AnThIces every day about The middle OF the
taJ, but closts each day At lower price. Ga Sat-
ureaJ II closed 1t llsiH: Monday, 1lsa; Tuesday.
NIX. Acd TO dsJ 11cii, It which price Rreeaback9
s1e *or1h sok c:nts IN sod. Wheat At 7ec in c7r-
1etcJ u es.c IN god, corn u sac casrercy u s5hc
fu po!os AID polk At t2& - N cu1relcy IA IS IN
GOD.
TIE noceJ EaySet conttrues eayy, hut bu .uess