, 1870-12-28
Il N0NETaRY AND COMMERCIAL.
MONETARY,

TuEspAF EvsS1sn, Der. g.
Au,crg Ill tho other jobbory which is nov
making tho National Treasury It's objective
roin., twoechemta arc likely to be prominent |
this winter, End, 1t is believed, Will ba urged |
upon tho attention Of Congress- hv or gau,zea
rings which hsve 81 eecursd tho cooper alton
Of good n,any members of Congress. One |
Of these is the - postal telegraph scheme" In |
which the firtt object Of the o1iginators is, to
ee!s oHt to tho government. at about double |
tho ccst price, the whole telegraph system
Of tho United StAtea, and then to con.
TIME in charge OF the a.me ~
government officials on fist Halaries.
II there were no other objection to 10 urged
sraintt Tic scheme, the eIormods increase Of
ssveslnseat ctici1l patronage would hc sut,'
tlc:ent one. i wonla add III army 10 the civil
lit, AID, AZ large proportion Of the aproint-
tee weuld he from tha ordinary thrpng Of
,lscs-Feekcrs, the government would have
to bear tho cxFtu:e Of their cduc.'ioa III the
laisiccss. Lfcauee i:woull experience the loss
i1om their blundering incon. 2cte1ac5, on the
nltrr. Tie cIl,Er scheme, which will
rrubsblv be pertinccicusly rrossed, Is
| Tho kntriIy or iGatml,i.y to tie
i. paridc Mail Steamship Company. which claims
! that The government, hy granting all to the
Pacific iaiiscatr. secured the buildlng uf tosds
|
| bs untiGtd Jsnyate enterprise, md thus be-
; came the min instEumr Mt in diminishing thor
. -cat1,irg t1ado f1on. New York to San Fran
/! .lfco rfu the Iethmus. TINS ono "ring "
=, after an ,,l,er m1Elb its assault upon tho
National Treasury, and othcr corporations.
following IN the track ef tue Pacific l{aiirna1
Companies, ask 10 10 cnsch:d with public
money, wli,e tlio business Of tho country is
teirE crushed Nth tsxa:ion II do it.
! ln tho inaal .aoneJ. masktt 1ns:sers were
latler quistcr than might have b.sn expect
cd today, considering that good deal OF
unsettled b1siness would naturally have Ac-
tcHnn1atctl since last Saturday, There is al
WAYS a lull In tuslncta 'lu,ing the last week
ct tho yuar everybody feels like kecplcg Oh
the cat,seryntiye side until tho annual settle
1cnss a.e made aud tic result throws rome
light on the ssaIt}ing OF oach individual in
Ithe tutipcsa community. Money continues
yery tight, tho et1ingency being temporarily
i increased by The holding Of
Of the year. There il, however, gool re.son
: Ger believing that ilerc will 10 = favorable
+ Change throughout the whole country eoou
after tho first Of January The time for The
Payment Of annual Interest duee on govern
mcnt, State. corporate. aud pirate indebted
. not svaIlabls for Any other use, and will bs
| in fact. locked mp until these snnual lisburse
J m+nla nte mst1e. Within tue next two weeks
several hundred millions Of money will thu
t bCcGme available that Is not 30 now mAh!
.. Of tho Nationst 15auks will recsive ,arg
amounts Of insc,csi from tile Government o.
{ bu.,ls Deposited to 6tcure clrco
1.si,'g notes, ard in, Nov Yos
! alono 1t il estimated that til
. aggregate amount Of all annual Interest ant
!, dividend disbursements during the next tw
j wetks will amount to at 1eatt soc, Goa, ,0oG
1 /, Tlis large amount Of capital cau tc1scel
!. fail 10 Affect money markets in all parts o.
7 the country fAvnrably.
e The movement Of currency to the country
q to day, vas not large, and ia the aggregAt
d wxs but l.tttc in excess Of the receipts froI
= tie zane direction.
d Exchange was frmer to-day than At th
): cloke Of last week. owing TO IN increased Dc
y mand from merchants to mako payments
:, !, Eastern Ipa1kete. Sales wera made letwee
!. tanks At from sl.00 to SOC per $1,000 dl1
i: count, the latter being the closing figure. !
. ils counter bankers seli at lilo premium. au
Luy ut LILO disccut,
!. Tie following were telegrsphic quotation
TO-DAY for