, 1870-11-30
MONETARY AND CON MERCLAL'
MONETARY.

TCrspAY EvKx1So. Nov. p.
A reader of TnE TA1HuxE wriics ~ ,ton1
ksnsas City, on behalf Of himself snd oeaef''
H follows: ....-.."~. ,,
.'Can tuu Glyc nc ant Information ~ .Ss IN
the ttxE,tiug OF the Grca. western sSn,i nj
Con par,: Have shes sses psM ps,;n,sss. M, NAM
sees 1s!s ees,cso,a .. US a., ~"ua ike know"
Ils,1r. Tho Great wc:teu Telegraph Com
raur has ,,ercz psid .lsidena, Anu ~ ~ tue
Isu.pecs that it ever ~. ,a'nc apu ~ bnsiness
6ss-1e ,rn csx OILS st1tc the IDnoW1bS
f.sta T1la car.tat rtocl Of the company Is
81 Up. 900. iu III, ,o'o sbares OF ga each. lhe
:. cam,,spy have NOS t@o Lines IN opetatIoo-
j,.;a 10 }tpala-sna We believe they PROPOSE
n rourt,uct othcs lines to different parts Of
tie county a. they eau get the stock taken.
az the IN, 00D etar. u constituting the whole
OF tho stock. III ,S97 eh1rca were subscribed
!, er.e >se'ah Reeve. apd a'y h'm convessi to
.Eis'aE SNOW, in ttur. for the s. company" to
/. Il tie SAns and PaE ll,c ay,il. back tq Recss
il, fs.l::lnlclt o! contract made by tho c5m-
pa.y" With HeeFe, tn construct :, 600 miles Of
il.s ''ca,npany'r" lins. In accordance with
tt.it. The tsock i. being sold By the ''com-
rsns throughout the conn'rs' one
;,.rs" provides tha. rp Certificates Of
rtcck eEzl; he l.-ued ,:n:il ~ E, rent Of tho
Nllp1o ti,s} have beet, .aid in aud Al it il left
entirely ol,ticnsl With tie .'c''uspstv ~ to
when ert llrw ,unclt the a>tt:'=uslhts-unter
30 per ce,lf-on the stock maS sr'. It seems
o. .Lssc cuaii.;nt.s &fc likely to wait gone
t.x1e lefcre ii:rS Il .yt any yu.co in tho cleo
thu OF D..ectD,s. or the arrangement OF the
"c<.n,paus Til, IL the condition Of the
et.cl Ard property Of ibe +' company" Tho
E..uGs Of su. .i4:y-.aa OF the taoat respectable
ff
a Drrc,1's. and tst0a;;,t these have been
ftima!ly elected ts tho = com2.ns." il il sl-
legged that ucua Of them hase
b.cn qualified ~ Directors, and that
tlty kEow polling Of its hns'ncss
b,uueht s,y so.ue persun. III t.ls city Elio h.sa
.utecs;std for stocl- They f'o bill alaeglnG:
fraud in contract n,ade f,s the - ''comphnf
viii SAL Reeve, il which it II agreed TO pay
h,u, At tue rate Of 800 per mile for Line q
iippal 800 per mile for eacl additional wire.
Viz: S~;Gu per tuiie nl1en tho poles arc fur
1i=Led with two wises, 500 per mile whsn
furr:aled with three ~ireP, and 5000 per m1le
wien furnished With four wires. Il il alleged
that line Of poles With one wire can te
1lssa last allegation IL 5sus.s'ned b.
tire Testimony Of at 1east half doze1
telegraph builders OF experience and establish
ed reputation. II. then, tue ''coEnpany'
should pay KeeTe at the rate Of $500 Pc
n,,le. it would lsAve pet profit Ct S4lo.o99
1urut ct four Eir,s. making tho total eost Il
thu company 5G00 per mile, the net proh. OF
hj- cnrtttct would 10 about scven nubo1ee
ii v.,eaud dollars. The 10 per cont of mono1
Nl.ica, the etochhoIdeEs arc 70 pay ~ osao.e e
~. certificates Of stack are to ~ ne n issueq e
tl,im would amount to =1,20o,0 900; IAi:
corr srcttls to the aaaoant OF tue coz
s,r,c in contract 10 Reeve at 1900 POI
nile Which, amounts to inAt 81 +2oD. .eV0. Ih'
eot,.tructiou conssact ard the payments Of
lie stock arc arranged 70 that the mono.
paiI in shall be paid out TO NeeVa before LII
.1t tckhc,lers have received any ceEtidca. .cs o
riock. Or have any voice in the disposal Q
sl,eir money. AZ to tho prospect q otFaae1u
after tic line is completed, our haHsAs C!t
ftjeld must judge fur h!m.elf7 hut foE th
p,cseut tho chef eud aud aiu, ct the Gsea
- Nestcr. Telegraph "CoIpany" eeens 10
that Eelnh Recvc thanld mako from Hese
hundred thousand to L million dollars p1oi
for constructing itr iftis- "a. ~.
In tic local money market matters eo2stnc
dull. Tue demand fer 0l0neJ il only mole
ately activo. and wilile regular merchant oo
roae1e cs,niinue 10 rcInE: se-E poor sueces
in collecting IN the country, specusattve' 70
rowets are not veIy p1csslag, becau:e+ "a
for tie immediate present, there EesMsto he
pause In speculation f;enorai!J, lho9sn III y
present situation II .e probably ONLY indlsati'
Of a turn IN tue courro OF speculation, and
the fotrr,anner ct another sex4on OF e1s1t
Inent like 1ast week Ths bsnks continue ".
supplied with trnds, and for thirty daJa
ietn, Sno.ey il moderately easy
Iii tile couutfy money ie extremely hgt
Bankers hero eav thcy have scarcely over c
perieneed 70 mapy applications fron count
tanke for loans, aud the letteta Of their cou
try bank correspondents concur IN saying til
The etsins4ncy Of ,louvy in the country u i
10 tic fact that tie farmers arc eelling Vi
little Of snysi1iug. The marketing OF hogs /
1xen delayed Somewhat this year hS
uugsuAlly mild weather. but it ID aridout Il
now, within ten Or fifteen days, the he
must begin Ia come into market free
ar this is crop wl,ict, 7n.ist be marketed il
comparatively ea'n1t reason or not At I
wLe.. tho hogs 20 begin to move freely
country will be tlu-h or n1nney. and farm,
Who arc IcfneinE TO t..ll aheat now. will 10 b
ltr able to holt it, and AZ soon as tl3 can a
gets tho G. edit 1err-s.y tho ssle OF pork
p hold WHEAT. it ii probable tho wheat wilt col
III to Il. il II OF, country accouut-
Exchange eou,i' ues i'm ii SOC Der 81 I
premium tar tAtcs trtwctn baIlka. At I
cruutcr bankers sclla. lilo premium ard b
,thc folio sing quotations. for bnyiag 3
sclling government, aoufr, locsl tto"ks, e.
and tIlver il. this Market thls afternoon.
fuinl-i.et3 NJ Luat@ Preston Ecan, bankt
4