, 1870-11-11
{
than by h~4hhisprA4 hca u hJing 10 b
II nu.e On ePep '-''"n.

than By shA hhl ApsA4 hca Ut hying 10 i, :
~ ns.e On ePeq '-''cn.
kxclAnge u, ti1ues eeAroes IN account
Light grain shpn4u.- e4a..Ar1 fuf tho P.st
lev days There were ecsroelv any bills Of
fe1ed, and asverA] Of tho banks weze ehtp1loE
currency to New York to mate exchange The
cost OF shipping currnpcy ~ould mako t"e
r1ice OF exchange 75ts 500 pss u. 900 premium,
not be made higher than CO. premium A.
the coulter, bai kera sell It Lilo premium, aod
Euy 1t Soc per D., ,utU discount-
Tho sunors OF p1opotals to reopen tte
legal tender decision OF tha Suprama Court
-tetm to be not entirely correct, though nut
entirely grouLd'ezs, and naturally tcca1s the
iptinuations made 1axt spring, in connection
with the appointment OF Justices Strong snd
Bradley, that such m attempt would be Uasde-
The case etands nov about a. folio oaH: LAST
spring, the Court Decided tha: tho Legal Feo-
der act. "a applied to contracts EnRdo pEiul to
its aes &c, was null and void Thit decssion
was given By Chief Instica Chase for himeeH
and Justices CIdlrd. Nelson. Field, and
Gsier. But Jusllces Miller, Dasis, aud
Bw1vue dissented- In Marrh, a1ao, Attorney
ing Of tho decision on the ground thtt the
decistou was, Ia fact, uaade BY 1ustise Chase
alone. At that time there Wefo two other
case8 on the docket which it xas thought
.xon]d involyesthe same question. but for
some resson nsver made perfecslt clear, these
caxe4 were Withdrawn BY. the at&orneJs In the
cakes. On Last Monday, however, new attor-
ney In one Of these cAses obtained leAs1 OF
the court to present reasons for felnstatiuK
The care of Eemipg rs. United StA,es On tue
docket, and will rnAke his argument on To-
no1row {Frlday). In this eonnec.iou y Ash.
Sneton dftpatch to the Now York Journal 81
Commerce eAya:
..k ,s known Tint an af1darit WIS in the hands
OF tie Chief JUSTICE to tho effect thai last sp1 ing
the Hownrd, then stepping At M. ~ JeaoeAs
House, Ia thts Ctty, aud wno reprtSt1ted th. III
ieietis Of The Pelns.lvauta Centra, Rail oad Com
asasunr Of his claim Vth interest eosss and coun-
eel ices. II hts counsel would consent t. have nls
case 1esbsssied On the docket; the rat!ro I'd con-
xhlcn wrnld be benenciaiiy affected br reversal
OF the decision Of the court in tha GElaWold casa;
1eon e of ,sss s
Ut Is stated the claim will tAl, because, oJ ne
statute. N asa!snlaent In such q Case Is fAta 70
The whole court will have to vote upon the
queation Of 1einstating. this case, and upon
this will tu1n tho question OF Wlether the cob
ntitudonalty OF tho LegA!Teoder act is to
coma up sEain; u, =, - u alleged sas.isea ssi;s
tionalisy Of the act, tho court would stand i!s
tn favor OF it TO four aeaiust i, and the poll
ticians who want move deprecdated sreenbaek'
would b encouraged
Mr.. David Wilder, Of Boston, naiote nan'
has been eomewhat prominent In connection
With financial discussions during tho pAst tw,
years, states tho following psopositl5n, in ze
cent letter to the Pbi1aaelphia North A'FeTa
can:
"Tae fact seems to be that cur nation, for SON
acroas the 1zteIa lie lenders; and my oplnion
In favor uf borrowltE Il! re can upon fatr term
btcaast = sod dinoin!snes il ys,as = ~ i ~; y;
, | easy, nnd tnaI viii be for our oenen-"
II by tls foregoing 1t Ia meant that Il
j relative value OF gold to commodities through
! ont the woild il diminishing, Mr. N1dar is I
! least ten years behind the times. tis tre
Z ducts OF Cahfosnia and Australia we're increa
ing the supply Of gnld IN tho world fast,
IL thAa commodities we're being produced, b1
q now the aggregate product Of thoee co1ntr1
"a is only about one-foutth Of what it Vas twel'
NJ ductive industry haa been stimulated 70
greater extent during tho past ten yesrs th'
n ever before, commodities have incroa8
se faster than tho production Of gold, and Il
relative rAlue Of tho latter to The former
!. =. The most, the cbsnge in the relative value.
gold BY theee causes could oe
he % 10 the settlement Of the bal.n
OF foreign trade, In the restoration Of sou
"a "a currency, and in the rsynent o. the nAtiot
i" those who write shout finances should not I
ay courage any suctl erroneous notion.
re The New York Bulletin ssys:
IN, "Tnere Ia 4 movement on foot IL this {
he 10 erect an tmMtnsa grain elevator,
At a capacity OF nearly, or quite,
million bushels, and every improvement ,
re | conyen!erca known to modern ec1el
1ne contemplated site ia somewher6 On
North River, pretty well up town. where Gt
lint dtrih ot water Gnu be obtaineI for yes
OF the iarRest tonnage, snd+ thougs the pso)ee
yetln Crude state. 1t Ii being pushed forw
AN nth considerable v1gor, and with every prosI
~ Of ultimate succeEy. 2eMc tun1cntiai
W. wealthy parties arc interested In the mat
.tropx which Ia one Of our greatest aud
.no.n railroad capitalists
400 The following quotations for buying
selling government bonds, local stocks,
GU land warrants in this market, this attefnt
we're furnishes y ~ msssts a.reat Ann' ffoS'''