, 1873-12-12
MONEY AND COMMERCE,
MONETARY.

THURSDAY EVENING, Dec II,
Money is abundant in this market, but It IL
only to bo Ind On primo commercial papor, md
on tho very boat cotlalorals, tba. would soll in
tho mnrket nt almost my time. It is, therefore,
not slrango that groat many nen III this (and
probably nlso in otllor citics) who arc known to
DO wealthy In real estate, find 1t impossible to
meot thcir obligetions aid arc, therefore, in
diBtross with tho fear Of boing thrown into III
voluntary bankruptcy by some unreasonable
creditor fer snall amount. Tho hard.
ehipa Of tho involuntary clause Of the
bankrupt law nro now being illnBtralod
III tho casos Of q good many por-
soma. tho value Of whoao property is III fact
largely III excosa OF their debts, Tho trouble,
however, ia that. aB soon Al aomo unreasonable
'rotlitor applies for nh order In bankruptcy, all
tho debtors OF tho person ngainst whom tho Or
der IL applied for aro ostoppcd from payment un-
til thcy know whol,er tho petition will bo grant
cd. Temporarily tho afraiis Of tho individual III
question arc brought to n doad alandstDl Until
tho Court decides whotlor tho petition sha'l TO
granted or not. II tie disposition should be-
come general on the part Of croditors to apply
for orlors In bankruptcy, tho number OF casos
thus awaiting adjudication would soon bocomo q
soriouB obHtncle to business generally. 1t
3, therefore, OF tho utmost Importance to ello
cenoral good that crcdiLora should not rush to
tile courts un1eas t.loy are convinced that thoro
Ia intention to dofraud, and, whon such
: petitions arc made, tho courts shonl grant or
rciueo thom With tho loast possible delay, in
orlor to prevent tho btoppago Of business,
New yolk exchange is III good supply at about
tho samo ratcs as yesterday, viz: par to 25c
por 81, 600 discount.
TILE REVIVAL OF BUSINESS
in all parts Of tho country, and in NIL dopnrt-
monts Of t1ade and industry is now au acknowl-
edged fact. Tho slowost to recover aro tho iron
manufacturers, but, In eyory other department
Of manufacturing industry, thero has already
been resumption Of operations which
tho most sanguinc would scarcely
1avo vcntured to hopo for month ago.
Throughout New Engllnd the resumption 1lns
been general Tho great factorios at Lowoll
and Fall River, whoae owners wero debating tho
proplioty Of stopping entirely Six weokH ago,
lave not only kept ~ work. hut havo latcly in-
croased thoir business very largely. 1u tho East
bccn natle at MI average reduction Of 10 per
cont in tho wages Of the operatives, though thoro
arc como important exceptions to this rulo OF re.
duood wa3os. Tho Walnautta aud New York cot
hnvo found it necessary to large
" increase their business on That
busis. lilo dry goods trado Which Is regarded by
+",4 ~ ~ I'll n;nJs ~ hnMnosa !. re,raannt"d a.
on nari.;"s, A. co,it;n,, l., IN Has 10y an 10
~ a.. ri.;oao Ia rnca,nod ts 1artin,,,,nr sHu, no
'hr,n:!, of trato ,roa ncvcr IN ~ n,ora nrnanornma
and healthy condition than ut present.
ISTEnE8T on DEPOSITS.
ally ~ ~ ,;on ,vna .r,+a ~ tt;n .ni..,s,.
t.r',,, y n,n,1nr ~ Wnimerdav ,nnrnin9 -. Ill.,
otraoa ti,at I'M Tan,,rnt nr Ia an e,,n5aI w
ihot !, cose of The LanEr,lntov af tin ha,,i's ,r
h.ntara ~ liza i.roaitnra yho IN ,'ot ro,,o,a ~
i,tarcas ni@ m ,hnIr Jaaos;,s aho,, %are ~,
,,roro,nncn M ~ thosc w,n Io Inn attraotna aM1
1ai ~ ott,t,o1, nnd r. ,,,ohoti,, liz Ia. ,,.
sllc snl,,tn,, of tho wholo uuse,}om of intcroat @
~, Ioroa,ts n ~ nnt nrn,!nhIn thn1 am lo'.ui
,;,i ,roons .,o ~ ;,sts svs"
onafson. at VIII s1'or su pnymons nys g, m.Gtess
+, I'll nnr.o ~ In worl, Hr Wnitor Rnnnhnte
~ ~ pa sa.,,,1..,,,,,,n..n "a ~ a ot pa5Iu
Siroot " ~ hi,:hfv cnnmcniiri1 hv nnona;nrs
mn;nIoo;ra lint liz nnrnont NJ ;ntoroat ~ ~
],m",t - Iaat;mntn ,rnct;co H. tha l,o Il r,,o-
tt'o5 I,. .,,,. nt,Io ann,,;ol ,r;tn'a ~ i,1 ~ T.,
u,ia rontry 1 and in Enrnoa' Il wnu,d ~ how. .
n..nr ~ - no-o than Fn,,it,hio IN T.,
- tha a-tra cor''nonsat;, =, ~
M aaat ~ 49, s saa.;t ~ III; st - .no
'ensation should assume somo ext'a risk in oaso
crest I II such we're tho law, % It would at ii least
aaso 1S to snoso %no o9n ~ tqs inter-
1-i ,,I IN ~. ~. ,r1,nrn ~o,,,,tnt,o,, fa 49,. "
tjo,, ir thoir iuvcu,mentp VIVA wall lnown nn,t
as this class Of bankers arc generally OPPOSED to
tut practice OF ut least 10 tho payment VI such
hit,1. rntoa ma would oblire tian, 10 put the
mnov aet out m aeo,n At e r5tee nf ntercEt r ,yc,
~ ~, .i,'a;natio ~ ai"sa ~ ,,,Snfn aniit
arc only obla'hab!o on ~ c.ass OF a''aaie conat-
erals, u "oulo Lhse tue enect to Keep tne Prac-
tee Of paying interest wltlllu the LouldB OF pEl-
dcDco.