, 1873-06-04

Bushnell (ottaHa, nl,), q. T. Bowen, D. 2.
Iha change In tho management Of tho State
Savings Institution 10 In tho election Of Mr..
David 2. Spencer TOR President, IN place Of tlo
s: Dobblns ~ ~elseted yieo.rrosIdsnt,
Charles D. Dlokford, Cashier, and Albert
.. Guild, Assistant 'Uaahier. Tho Board
Of Truetees Of the. bank remain tho same Us
heretofore, md ita' bnhineea will undoubtedly bu
factory manner which haa boon Tho means OF
giving It Its preaont prominent position.
! -: Il. y uTuo1D gpEouLAfroN. "
For somo time past, thcro have been intlina-
bliquo In Now York for 3 speculative riae in tllo
prica Of gold similar to the ono that oulminated
In black Friday Of 1862" and 1t Is not at
IL y nS av thst bs s sS@e mt ssnPt Pe Si
however, Is tho same. Their c1oot is trsnsient
md practically It ts lcon1ned to % fow Of tho
spooulAtors.! During ~ nlack Friday. when gold
known fact that cash gold was sold In tho atroota
Of Now York, In the small amounts required for
aotual use,, At 13G, which had been ,tEe ruling
price for several months- Whom re have oor-
for soma speoial kind Of delivery usually" seller
tho month" During the continuance Of tho
corner, whoat that is wanted for actual use at
onoe aolls at the aamo prieo as Il there was no
CtfASI- ~ IL pIhlIs tuGE0lOIes tuhE tQ6T6 Ii no
change in the ualue Of wheat in consequence Of
tho corner: It i5 simply a contest betweon cor
tain specu1atorB aB to who can put up the most
money In margins: Tho 1aWs Of supply and do.
! mand for legitimate purposes fix the prices OF
things, and these prices aro disturbed very it,
lie by any artificial manlpulntiona. Gold Ia
commodity that is moro widely distributed than
kny other, and can bo moved from ono country
to another more easily and at = cost loss pro-
portionate to isB value than my other. With
HVrAntjHn ~ }rar rh1%1rt
tion, it's valuo Ia uniform Throughout
the world, and WhenoVor any Cause operates to
lncreaae its value In ono place hbovo another to
2 degroe that leaves profit on it's transporta-
ton, It quickly flows to that place, and adjusts
the difference. Honoe there can be no pormn-
nent or graat difference in the value OF gold In
different plaoos or countries, and it is therefore
impossible Tor any manipulation or speculation
value Of gold. unless It could affoot The value of
improbable.
COMPARTMENTS FROM THE st. LOUIS PRESS,
We arc at loss to understand mint kind Of
~ an estimate the newspaper writer's OF st, Louis
can put upon tho average intelligence Of their
readers and OF tho commercial world at largo,
while they continue to print such trades against
Chicago In connection With the trade Of tho two
cities: Hore la tho Republican, for instance,
which NO had supposed lad some dccenoy left,
printing whole column Of such satun al the
aollorlng:. 80. 80. -. :
=. Thus, for tho Last twenty ycurs, Chicago has
stretched ont hcr' iron arms Into Wisconsin, Minnie.
= sea literally auotng the Afe-blood from hroe u -four
millions Of producers. 49,. .--,,
Holding tho farmers Of tho Aorthwe.. At her mer-
: =. Chicago waa enabled to rob them 1t hor viii
weseenabed to x prices ARBITRARILY, to 1nafe arbrs
y o'assiaoaons of produce and disgrace Tho com.
soeans sa nsms S5 sas VET s,ssm Of gaesd
of which not the half has yet been told, We thini
these may be called Befevtdent Propositions There.
Tore u tho most rational thing III tho world to ex
snaton anas :, e ~ movement looking to the eman;
Will encounter IT Inc outset The yindictiyo snd
aepcrste oppot!tton Of Chicago. Whatever tends IA
tae and Of the Upper
Misslhefppi Valley At the mercy Of Chicago and her
tatwaJs md grim and stock spoculators puts bread
r. M her mouth broadcloth upon hez back, and money
, We beue7e that on the whole Il tie merchants Of
ss. Louis arc just Ike those Of Chicago. They
a1o % honorable In their dealings as tho rest Of
the mercantile world, neithor better nor worse,
but tt must DO conceded that tho newspaper
writer's OF st. Louis are little peculiar Their idea
seens TO be that tho function OF Journalism ia to
mlsfePseaent facts, to exaggernto circumstances,
and, whon there iB no preto1t for mis1epresen-.
tsson, 70 make lie out OF whole cloth, 4 Sam
Louis newspapers ia their persistence in mis-
representing the bank olearings Of that city By
adding the debts to tho credits, thus making
the total. appear just double what 1t ought .tS
be, and ~thon olaimlng that tbs bank clearing1
Of st. Louis equal those Of Ohioago, whereas
OF nothing but credits to the banks. II The
bank clcarings report OF Chicago WAS made Ut
In tho ehmo mln1er 1t iH in St. Louis it. woull
sppcar to be twice as 1arge.
LOCAL srocK AND bond MARKET.
Messra Lunt, Preston Kean quote as fol