, 1873-12-02
money AND CONF MERCE,
MONETARY,

-. -.....-
. ...... MONDAY EVENING, Doc. i.
. Now that Congress- Ia II, Hosston, It ,nny 10 OK
poosd h". rs soGn as tho lessa;so !s M mill negns
20 e'1nu oat new 1--WE t,eto "'n w an Enmenao
deal OF financial cha't thrown into the hopper.
Tho experience Of tho panic hna prepared pooplc
to expect ast 'rs will os s nan
o.ai pe4nae, po.s a"n'., s''''enH "nlon "nA
psooaoty 10 tnose ior tnila'on Oh the eurrency'
Wo bolioVe, howovor, that, notwithstanding
4ho common Impression TINT 1t will
be nouulnr h innntc tho c,,,.r,,o,
+horo g,1l In o,oro1, NM, =, s' aa.s..:.
.'1e1o W.. W oHo"su n.vn u common
souso in Congress to eleotually resist any In
nort tIat tho ppssaont nns a,o Inc lo,
freq banking. and will mt recon,mond n IN 1,,s
.t's. "@ -, W.. 49,. Ao' .o,o'ua ~ AZ 1l'e
,oes"so' Ini' ~ 'no Anahosa1 moasnfe most
nkely TO pass. and will probably DO ono Of the
fasst to be propoBod. Thoro Nil, nrobah,v ho nm
.hort ho1v ,,,,,o,, o,,rr,,,, A.. ea,,,,.s
s,,', ~" .4ueu oa4lo.'oS 'no soun''S neo,o'
1ne only way 70 ina out now much currency tho
they can soo,,ro by tic deposit Of United States
honda and viii ta.o +,o rp,, ~ having IN ra-
,sa.,,. j., a,.,,o. ,a~a, ta,s,a.H -. =, a.,a,,a
~'u.' ", ~ oltuot iesnl,'ouuols y. ~ spoo'e'
tlon does not reault in any doolne of gold. Tho
talk NJ war nfrorflnd n nrotoxt for exnonf7inr a
largo amount OF money in roftlinS fho NHyv.
nnd THIS In turn will be- 1nado protoxt for fur.
fhor Imitation Of the currency by tia naynr mt
OF the whole Of tho aa4. .OiD. 600 roBorye. "nyon
II the printing press ia not sol to work to mint
h101, 0Il. 900 more. Tho chnnnna thnrorora aro
that' unless Conercss exhibits yory noa,
live opposition to- imitation duriug The
nnxt weok or two. rold viii ~
higher before 1t doos icvor: There is. how. y
over, no doubt that prices OF 1nnny things and
particularly Of rail10ud stocks have experienced
- ii MI - HaSi,s " ~ .3 - 80 sn0 ; icy
OF goa ;an Inc ,nnatoh OF oarrof y ana OF pricea
md tho noxt thing will bo the necessary reaction
tnat always fo'iows 10 tq9 Gd in
= nonsdorahlo i hnro inst It :. nrosont ] S'oAo ~
Mnnov IL eront1y crowinr Spu n,pro "mr5o,t =,
the local market. People nro beginning to fear
that tho currency, which Looked so much moro
viii not be worth near so much month honeo''
and all tho boarded preonbnokg n,,i hnnk nofca
arc being put into circulation. There las boon
2 ascAno ~ Tue fate 1o5 money IN tao open mar"
kot since last week, and We hear OF loans mado
on cOllateralB at IL por cent per aulum for Bixty
aDd ninetv lays
Now York exchange In still nomipallv hold ne
1ue pGr $l'ouo premium , Tor SUES oe.woon nanks,
pus ~ ~ etu"ing 70 Inucn Mofo aonnoant IN
duct Eastward. that large amounta could not ba
nold for moro than par. As far Is the Wost ia
conceruod, this increase of EXCHANGE In mn in.
,cronua ~ 1nannhIn f,,nda IN thia msrlot o,,i1
Iii i',1,e t,,a sad,,nt;r - .4ar 1 - ans M a1AA
VIII ~, netP .uo ioouot1on " 3Atos VI tnteless:
inere uas peon very largo amount OF cur
!enoy sont into tho country III payment Of hogs
in tho last weok or two, and ono result Of 1t fs
that collections of city merchants in tho country
aro being msdo with mora satisfaction linn n
"eTn sr,sa - f,,Sas am9 ns11 T;,,,o. 1o,,, ali
1no nonaon 1e".es Bays iotn u4t.:
That tho Stock Exchange panio and tho pressure In
the money market liavo not subsidized Is no longer
matter Of doubt. At tho bank to-day there al
most total nbsonce Of discount demand, whle for
ceptional advances thcro werc no applications what
ever. Gold continues to como from tho Continent,
aud In fe" days GOO VIII oe received from South
1is' an anu carn S nnn Sn l1o EgyRs 10 10 sneeany
c1GoGo from Astroa ~ n a''o o,,o.at5ons rn nmn