, 1873-01-15
MONEY AND COMMERCE:
MONETARY.

TUESDAY EvEN1Na, Jan. IA.
:Thcro were more Indications Of oaao to-day in
ehe money market, though tho relaxation is not
fs positive yet rs Has expected would be tho caao
BY this time. Our local money market has boon
fub1cot to somo rather violent fluctuations III
the volume OF currency lately. Al last wook
hc amount sont to New York from, day 10 day
Fms very largo. This wook tho tendency laa
faen tho rovorso. Tic supply OF currency llhH
fan short, dopoaftors arc checking largely, and
fho demand for currency has been so increased
r 70 causo Now York exchange to decline from
E5o per $1,000 premium last wook to
par to-day. But oven aside from the
consideration Of currency, tlero Ia no large sur
plus Of loanablo capital hero yet. There are a
good many stocks md securities on tho marriott,
Indicating 9 necessity for ready funds which Is
pot met by tho bnnks. It Is generally believed,
howeyor, that this condition will gradually
nhhngo to ono Of abundance In tho course Of n
'Fock or two.
TIE ALABAMA uLA1sts MONEY.
Aftor all tho fortnaltles Of the Geneva Arbi-
krstion, the 1 dining tho wining, t tho blusto5 s
Commission awarded tho United States,
Is indemnity for tho Alabams damages," Of;
sitLin n1 tho % Current year. The Tho very portiont
question nov arises, To whom dooa this belong2
/: The great majority Ut merchants md Rhtp-owil-
prs who had vessels or goods at sou In those
nsysancs oomPanioa an e extra var M rlpI M for pro.
koetion. In cases Of 1oFB oil these risks tho
Pvnors Of ycsself and property were inlemnl-
Ped by the insurance companies, md can have
eo second claim against tho United staton:
Fhe insurance' 'companieu, ALSO, rccefved q full
EompenHation for their risk In the excessive
fates ct insurance, and az they took these risks
circumstances, they can heyo 10 claim for dam,
fges. Merchants and sliip-owncrs who lost
goods or property at aca by capture, and had no
Insurance, will Of courao havo clninla
sspns tsst tSe nasee nsse Of sSoso uho
Can mako out clear cases will be comparatively
small: On the whole, it looks ~ though the
distribution Of tho fifteen and half millions
was likely to DO as long-winded and intricate
buAineas as the collection Of It..
y An AMBITIOUS BANKER.
Mr. Horny olews, of. New York, who has per-
elatently Advertised his ambition to succeed Mr..
fhe JOB Of bolatoring up tho s2,ooo,oo Of Ala
bama bonds which tho people Of. that state haye
fopudiatod as having been issued without legal
authority. Another scheme, which Is UNDER
bition to get Ills finger in tho National pic,
Is tho preposterouB QUO proposed In Congress-
man Wheeler'a bill for the incorporation Of tho
Governor and Managers Of tho Exchequer Of tho
boon como up IN Congress, contemplatcB nothing
Jess thnn tho consolidation Of NIL tho National
): Banks Of the United Statos into ono monstrouB
Institution, with moro despot1o power than was
=: Fsielded by the old United States Bank. 1t is
bow becoming apparent to ovon casual obHe1v-
prs, that consolidation and concentration Of tho
money power Of banks and railroads is q promi-
bent tendency Of tho times. and that in it lion
&he greatest danger to tho uborty md financial
Eolfare Of the people. An acknowledged specu-
sator and ndyooate Of this tendency is not tho
Kind Of man to DO trusted with tha adminiatra-
tion of.Nati0nal hnancoH.
' TITLED NAMES m DANK CHECKS.
We fully indorae tho Boston Commercial Bul-
Fettn IN d raid it makes against tile use of tie
eenHeless autlix. Of f. :" Esquire" " to any mans 2
nano a, ln business affairs: I'm bank checks gil
used when the payec comes to put his name on
Ehe' back Of tho chcck to bo collected. Whom
khe prehxes or tho afixos merely euportluous
and complimentary they may be omitted, For
instance, cheok payable to Mrs. John Smith
must BIO endorsed Mrs. John Smith, 4 check
payable to Brigadier General Jouos mist bo in
Horsed With tho full tit1c;, 4 check payable, to
Potter snooke, Eequiro. will be readily cashcd at
bis bank ii Mr. Bnooks drops the soaquiro in
making hts Endorsement"
< THE NEW DA1rEaonE OHIO.
The recent report, Of tho President Of tue
Baltimore it Ohio Railroad says, in relation to
Nhe Chicago limo now being built: "Ihe prea-
.uro Of trade from tho Northwest Inns constant
" shown tho desirablonoas and necessity q =
LUG Oh 1al4Why entirely under THO control OIL tho
Baltimore b Ohio Road, from Chicago, and
Through the extensive aud fertile intermediate
regions to Baltimore. For tho purpose OF effect
Ing this connection with the least possible delay
has boen determined to construct tho road
. from point about 80 miles north Of Newark, on
Fhe Lake Eric Division, to Chicago, q distance
pf about $50 miles. Tho limo has boeu located
with low gradea, and is very drect. It is OK
Rected that the ontire road will DO placed under
!Eoustruction Within brief period, and thus,
Through this extension, in connection with the
Lake Eric L Central Ohio Division, and the BAL
and effective Limo from Chicago, but 811 miles to
Baltimore and, by tho Metropolitan Branol, but
7B4 miles to the city OF Washington. can be built
and IN uso within elghteon months."
THE CHICAGO, aAu1sAw ! CANADA RAILROAD
is projected line from Grand Haven to sag;-
Of Lhko Huron GO miles, with branch to st.
Clair to connect with the Canada Southern. The
prominent promoters Of the scheme are about q
dozen well-known Eastorn capitalists, among
whom are A. 9. Daretow, Treasurer OF tho Com,
pany, and Captain Z. L. Craw, the President.
arrangements have been mnde for tho money to
build the 123 miles Of road from Grand Haven to
Saginaw. Mr.. Dwight Klnck, recently connect
ed with tho Marine Company Of Chicago, aud for
morly Cashier Of other bonkB III Iowa, has beeu
= appointed Secretary Of tile Company.
REAL ESTATE.
Tho following instruments were filed for rec
ord On Tuesday, Jan. "A:
CITY Property.
Catherine nt, bet Wood aud Fau1!nn sts f. "a IT K
slley, dated Jau. 7 consideration, $500.
Catherine 1T, bet Wood and Paulina na I, 2l IT X
alley, dated jan: 7 ; consideration, $500.
North Franklin st, let Wendell IND Oak sta, vi Lo
Lot 81, III Block ., Of Mc1teyu0lfH Addition. dated