Huntington independent. [volume] (Huntington, W. Va.) 1871-1874, 1873-10-30
NEW YORK.
Probabilities of Early Specie Pay
understanding Magnificent an
the Hotel Fne-FashiOn Gossip.

understanding Magnificent an
the Hotel Fae-FashiOn Gossip.
Correspondence Huntington Independent.
New YORK, Oct, 2Sth 1873.
PROBABILITIES OF SPECIE PAYMENTS
The fall of gold and the probabIli-
ty that the market must still further
decline under the large shipments
which have but begun from England
to this coun'ry-warrant the belief
that par will be reached before Con
eress meets in its ordinary course
For the first time since the disappear
ance of the precious metal in 1871,
it seems possible to Legin TO restore
coin to its proper place in the circu-
latiug medium Of the country. The
circulating medium does not now
seem to BE- excessive. We have only
to keep it at its present amour. al
low values gradually 10 settle them
selves to its measure and take steps
to improve the medium itself To
improve the medium it is not neces
say either to lessen or TO add to 1t.
1t must neither be contracted or cx-
banded. 1t must be held frmI y at
the present point, and a gracual sub
stiiutiou Of coin for currency be
made. As fast as gold appears 10
circulation at par permanent place
must be made for it in the circulating
medium by retirement of an equal
amount Of paper. The gauge of this
transfer will be the price Of money;
whcn il rises above seven per cent, i'll
the financial centres the process,
must be stopped, when it falls below
this amount it may be always So ely
resumed without any change in val
ues. The chief element 10 this pro-
cess Of substitution Of colo, is the
same of specie now here, or which
may be hoped for in the course ofthe
coming year. 1t is indeed strange
anomaly that this country, the new
EldoradO of the world, the great pro-
Queer of the metals which the uni
versal experience of mankind has
chosen as the standard of value,
should be the only country where
these metals are disregarded, ard
cried down as "relcs of barbarism
unworthy Of our age Yet SO long
as we make part Of the inancial
world. we must, in some form accom-
modate ourselves to the standard Of
value in general use,
FISK AND HATCH.
Messrs Fisk & Hatch, having been
reported as r5suming business this
.ttcrnoon, explained that they had
msde satisfactory arrangements with
the banks who are their principal
creditors, whereby they hope to re-
sumo in few days. There was quite
sentiment Of enthusiasm developed
on the streets when 1t was aunounced
the house would shortly resume; aud
if the same me- us Of giving express
ion to gra,ulatory sense as prevails 10
the political world we're at hand we
might have had 100 guns fired eff 10
iruut of Triuity church. No con
Germ has 50 b und itself around the
Affections on be street az Fisk "
, Hatch's; none has cou mIuded higher
respect, greater confidence, cr in H.
late EN- barrassment fuller sy: psrhy
To the regular Wall street chroaicl,r
the closing of this house wes "A posi-
tive loss; Information could not I've
sought fro IN those VIII h,i tempora-
rily retired from the market, but
with It's restoration to It's place aud
position active braius with intelligent
understanding come to contribute
their share again to the worlds fnan-
cial knowledge.
In this connection, albeit.
WITH DUE RESPECT
TO this couccrn, VINO my not appre-
ciate our mission, but facts are tIct-
nd the great public look to the pa
pers not only for full Information. tut
| for support-we have to draw alte0-
ton to this relation. On the lst Of
November there will be due coupon,
of the CheS lpeake and Ohio rallroaI
interest on Sl5,000,000 amounting
to $50, 600. The company is with
out tho means cf defIaying thi,
charge. TIE directors are M-ssr,
\. A. Low, William II. Aspinwaii
David Stewart. 9 7 Huntington
William Whi,ewrjsht aud JONAS 6
Clarl. The names Of these geul.
men gaze circulation 10 he bonds 81
= thi, Ioad, COW largely he'd by poor
investors, aud no drf.ult can Occur
10 the payment OF the aceruug inter
est without hurt to these gentlemen
individual credit Let US have al
end Of this to-us railroad business
aud let II he understood that whcf
men lend heir Games. as dir,c ors, t,
a new railroad enterprise they 90 ;,
INTEL gently, uuderstandingIy anC
willingly, and, il disaster come, tina
they will cot wait for the courts I,
4 tx the amount Of their responsible
ty. These gentlemen had better pro
vide for the payment of this interest
or more serious difficulty may sup
o plement a default.
: MAGNIFICENT HOTEL.
The Windsor Hotel, situated o,
9th avenue corner Of 46,h street, j
undoubtedly the largest, foest an
most complete hotel In The world
The architecture design aud exter
nal appearance surpass in beaut
: anything yet attempted in hotel bui
ding 10 tits country. Upon enteriu
the grand hall by the main entrauc