, 1870-09-02

GRIND s"sal... .st:o.lss.l:h->G :1Ss,6a,Sss.s1
SiTE--Ttic rrrrlrls fur thu iseal year ending
'uhr -. le'''. will liz Increased by returns from
t'nr districts not get received, estimated at
st1:.ts4.
Tie New York journal Of Commerce Ray.
"A tsty Important question has arisen IN r..frr-
tRce III fills OF exchange on Paris, where specie
payments are now suspended. The actinn Of the
trl'S Ie!s!astf uEst,Ehtc!ty rcal:zrs The Tender
IT t4ank rarer lot all otsau ms incurTt,1 after
! the 'ls'e Ut is Eronul:atiCN. on The 18th lt:..
lsil1s now ed here o. PARIS woul's BIZ rays'le
h r. In hank rotes, unless Ey so;Er Spccia; agree
nrEt tn the contrary. But how Il 1t with hills
IretitIssy runnng to maturity: The rr"7er an
>"tr 10 THIS question sseases no little 'ii+cussitu
In business rircses. me 1tnls tn this civ. VIII
hah rrnittesl largely nf French hills h+fnre the
Tar, have c!eate,' much feeling hy notll!in1 tht
drawers that theE will los'st upon the gplt, or It's
e4utvalrnf, for all such 0h1!ag 3tinns-
Whether this should l*s t1uac will he governed
distinctly hE tTt considerations. fss., can II be
legally rstSsrs.. IN Fsaacs: The law ia t.slt Il
III favor OF chItGat,ons previously tncus1rt- We
have the o1ieiual it frcuch. and have na,1e thr
following very lrrsl transatt1n:
:" Article !. Beginning from the day Of tnrspro-
n1n1sattnn ef The present faw. the notes OF the
Rank Of France shall he received ~ legal money
'.5 the ruhc os'ces and private perr"ns-
"e. tniii new osLer, the hank IL rplea se.1 from
tho Obligation Ut rcr.ceule. It's notes tn cotn
lu ahs case, sh.4 f.surs Of the bank aut Ut its
nsahches .t saa1l NOT cAcee't one MilaEa saa MILL
~. The provisions Of Articles an, 3 hereof
l.t aft,HtaF!c tR kue HALL ~ A!IsFr.1. whose tS-
SUES Of notes shall not exceed rhs amount q:
eighteen millions.
- sr.a1l nat..s {ss <oppant. dta bii1>s., NAV be
PROMULGATED tn th- Journal 09eitl Of Angus, Is.
II vcni: seem from this that the law app,.cs
alike and Without Distinction TO oil msturinr o.|i.
Safienf- We du nns belitys any h!ll could l.s
lawfully protested III i'ar1s for which the pank
t:lsf was nH, rr'l IN 1sss nrat.
fnc neAf IS l Question OF moral obligation. a1d
ih's. we coMlees, ts c1ost llnlcalk 1t must
:nen,frrd :aat alt cash funds held In The empire
|etSfne al hr1cc. on the passage Of this law, the
,sassalsnt osiy u 50 masa ;S t.aas napss Ino~.
hei 4sr thus compelled to rcat!ze only IL paper.
ExrcP: IN sone special cases, therefore. 1t would
;ha. efssrr rontcieEcc or :hr law required.
Ms"tEsr 1or new acccpsaaces OF thusc N ale be-
fote ths suspension
new YORK. Sen. 1.-Maney market Eforp acttyc
ard nf1n at 5as OF cal!. Demand chiefly from
stock brokers ewing to slight tncEra*e IA hist
utss Oh stock exsharRr.
Al !e5h .t9'. and 1:e'. 10: sight, tu. :he asktn.
ra:rs t!tect arr : reE cent higher. One Canada
hank to-.ias sold f:6,suo s.1ts da.s sterling a:
Gold quiet sua ses,y.. closing At 11s,; to
1lGts. 1hcra WAS c9nsldcr@ole gossip OF he
s% sseut f" sad 0 t,ns ai <is nste y'sue a5; ss
made worm r.cm,um for tsr:oxtns. II Tnese &c. r.
pnIis could not l'c fully authenticated sNhouRh
Is Worth something on time may have e1vcu rise
to lhcec reports about high borrowing 1ates In the
iusure. Rates paid for carrying to-.iax i, aa,l
) per cent TO nat. t'lcaraaces sas.fxn.coe. The
t'tsnEG price WAS l36st. and The highest Of the
uaE was 1854.
Governments quiet aud tfca.ly. .......
Cours, 81, .:,s'49!tsi. touas, '6.. 100. .s@1ioA
Coups, lis e113H conas. SS .1lot sal1o'.
toEps, d. Ill lle 1llN lll>$.., .1u9 i 1t2I i
vours, q: :.i,1T.s,,s Currency Is 11''ia:.1'.
Ica.- al Pacific trs: mortgage o,nd-. 81 r.a!o:.,
S:A. -..
The government bought = %. .eco. II 1oa s-1oas
,ta l=-1t0. THE hhls we're marty {t,e.1,uML
STATE securities dull hn1 rrr,.
Mt.sourts. .-...sJi4 Tirciui as-..-.-...-..es