, 1870-04-13
MONETARY AND COMMERCIAL,
MONETARY.


Thc s,n Frsnriac, BuU.tt. IN 3 reyieE of
,be t1ad0 and commerca Of san Francisco "a
- Ia n;tv rith 3he intarior uThe i3T,t ra.
y. ea,,ta ~ tb,4 cre.t n.t;nnsi nntcTn,;se vero
nrr nnSs ,;s9,ctnT fn tIn trailing cissaes If the |
pac;ac co.st." but claims ti.at Tie decline Of !
soo a11m . .h,sa t1i s o,;n nd ~, ssu Ersnc;s
Ns aue tha .5vtn1.1s IN IN ean,o1;no 1oT thD
60 1as now ~. ~ ea.c - ,"3 Sn"
snG n " ,a.,nr o., =, ,he % ,sD ,e,r,cn cos5 md
,cncy + an eSsus Of va; Importance 70 ts COST
cspesiaily W IN view Ut The successful iaaaSufsiioa
vs. 50 quoted u NV iork i, lsi: IA iast aSaTe
ieen nhlntnea, wona nnve zen 9,in imRSsno.e
ol our ILL., I,ss ~ ssit IA snS rctntiv ~
ts,,,san,encs tr Of tic difference IN exchange, Tne
scttlig Of The guld premium to III, decline OF 70
POINTS, gives US the advantage over any E3sleEn
city In most tcsettptons OF 1ofetzn goods both 10
cost md II hs time neeessay 70 S ny re & sane 4,
~" wv isS r. sS rcstnraion ~ sIsrir 1armants IN
tt at,anftc 4fatcx wnuId hein M s.ii1 further In
;his Hi taIticular." ~ - ''''' - '''~'
W. -, understand bov . s,,t T .to ,,o+.
.1s..., stos,i1 t;n,i Il ~ liza a;..Jy.nt,To ~
pst p.,5 sIo ~ ~ u ~, g., E-s,a;sao .s - - "
Ivy so,o ~ ~ " t1 u,t -a.tta- =. W 70 r..
cen. ~; ~ - inaabtsanass 90 ~ - ~
LHcn tnousI ING soo1s Tete 1ooea1 on =
g9!o oasls ot piacss, tua xa!ussnen. ol
eol0 piaccs nno cIl.ohc! ptasoS " Kooas nesel
| ~ ~ csiSonoa =. - - eot ttJt. tii =: =
ne sempo5 enScs % " nstspa,g gGta ;ahar %
hne,uu, nr;ces ~ roo1s sTc slower h cE.nes
th.n th.t NC, ~ en1f and rios rer,a the f3rst
aWaa+ ~ ~ sdvsnra l. ~ D~;ca ~ ,,,o15 :. - -
| fa.C" cnr-anrr 1r;caa ~ roods taT1nor.11v
nasS aa.ss!, EEass,, .h.,, nSetd .,.ine, ~.
loMe1 IN eompAason eu1n ~ Ho.n Eslces. 1ne
advantage CLAIMED by INC H9tx9an conA1 A.
| best, bt but . temporary one, though It WIS
| true to sotne extent / couple Of months ago,
when gold ha1 Apparently eatt1od d5Tn
to an ayeraoa n nl.ont iii snd
nr;ces Of Foods had followed t u
nnly tn vsr limited eItant prt
ini3nc ti,e list two months cnrran.1s ,,,;cas
cencrsliv h1Sn .s,tie1 Joun Ta,t1v F.nd
fhmcI ;hcx ia MT iec,;na -. ,,,,c1 =. ..a1i3
hare been Tsrranted Il The declina of I mia Jd tn
III SsS Iaen mont tSs NO. ~ IN M ~ y,
eaa,ns ~ ~ ,I5n.IIs s,r.oa;nr ~. -. S'4u ~"
.Se-.ps a. ~ .r6;cI ~. ,,-ase,,t +3,ror rsH ~
~ oo61a ,rani1 ha ~ co,nn. n.I,t;rotr =. y 10y ~
| iowCr. u,an Il they ;ycro timed into cold
nr;rcs hr fhe e1nstion ~ tha nro-,;nn, So ~,
Fnid Tho H,.,tcI,. hnxcrer ia ,EdsntIn ,,;s. ~.
Iakcn in assuminc thak a res,nrntinr1 IT snec;a
nay4nents would heln tl,e tTatis az ty,n psr;f1c
ftatrs viii, tio interior morn th.n il would aiI
| lie trade Of the merchants hero. A resnmp-
tjou of epecie paymepts would s;unly rclieTo
all sections Of tho county from tho dc1anging
element OF a currency that is fluctuatinr e.
value. and would mako It perfectly plain to The
sradcIr OF Salt Lake and Ill places in the Ter
| rtoties which are the cheapest markota to buy
in.
Tho Now nr1o,,a 71.a,y,:.o., ....:. i.
,.;.;.- ~, E..... .s siotsIA .is" ea'uelses toe
tGast!oh LIZ GhlCAno AR1suSE 1aa taken on
tLe lnndlng bill and says:
II the government chooses to replace tho bauI.
lnE benGs with two PER ceuta Il wuu!d hare per.
feet right to DO 50, only Il woutu not have ,.vtt
to compel bankers to remain In the business on
such terms We do not suppose that TUX TKlBrSF
;ts VII Ge9S r. thst the & govssnmsnt % has right to
A'S," Cnnc-ssa ~ hss thn r;e,,t " Inu .aa.d
law In, H. e1enisa ~ y tb.t ,as.sr so IN. He
icbeynte and sroEed nproosa ~ n,,c;oa .u t,,e eue
eiars Of The nnh,ic rredstors in ,esstic,s ona
troy vii In romrsejie1 tn mia n a1r9,.nnan ~
d ,ssr cent k,,sla for i rer cont l,on1s IL y.
violation OF Good faith. and showa th,t ths
funding lin IL a t1eliheTata .t.sn1,t ~ t.,sa,
lsciaIation.. Tho coycrnmcn. II formal 1ar
ia coed Of Tia n.onle. hut If tt,o Erni;n,, Iii
jcstTnrs tGo cnnfaanca ~ ~ ,..,,a.. ~ ~.
can;tsi in tho rnoSI fp;t,, of II. t,arana..t OAA
e' 'Aa y. 4o eotEl uuaeht. .1
~ na. bs p1opotuon OF tnem
Mon!a !etIc iIon tno business ana suffendef
.nSl fuculanon, ~, Ioula . & ps9anoe eoanac.
| uon OF ue currency that would DO the country
hundred times - much damage as the di1er-
cree IN the interest thst Is proposed to be
tSsed- i1ere secms Astle feason to DOUBT thAt
tins would be the result. Either one OF these
ct1ecilona ought 70 be eo1heaent 10 condemn
the blll.
GeneIal spinneI; In MS recent lettes IN favoi
) "1 the Funding bll, sAya:
There is fear that unless some fair adjustment
@ :. .s eSas,y III .s,e nass y. 5-pSEtA tney m4y
~: - W., v ,hnl n'a na sl ~ ssl'uanse " ~ eue knoa
49,. nHs ~ Sn no4lu ocEotnc " tac iuscics1s O.