, 1873-12-20
Motley AND COMMERCE,
MONETARY.

rIs1pA1 EVENING, Dec. 10.
Money continues abundant In tins market,
and, II 1t woro not 10: tho largo amounts still
being t,aod by tho porlt-paekors, II would be dr-
1lcu!t for somo Of tho banks to find employment
for I,cr funds. Tho general loiicf is that
1nonoy will bo very plenty In the Wost iii Tho lat
tor purt u Jaauary, wlan tic packo,n l.nyc
realized oil lilo hulk Of their contracts. This
snc,iri TO bo reasonable expectation, In yicw Of
tho fact thut exchange Is now NO largely i'll favor
Of tho West that inrSo volume Of currency is
flowing hore from tho East in payment
for tho llogs, catt1o, grain. etc., TINT aro bo
ing Slipped. The gpcoulators arc beginning
to ask wlat this expected surplus Of
money will sools for temporary Investment. nn1,
in Wow Of tho prevailing laei Of confidence II,
stocks and bontls It scolns to be common opi.1-
Ion Tint tho present prices OF grain still n1ford
Largo ma1gin for rise Ill prices, md that moro
money than usual will be 1'uad III this way after
the buh Of tho hog crop iH disposed Of
New York oxchanHn sold ut 60c aiid ut Too per
$1,000 discount to-day.
Tho turning oyor of the city finds to tho cls-
tody Of tho now City Iloasuror, 6,ld Ills trnnsfor
OF the moncy to other banks than those that
held 1t buloro llas. iu Ho1no INSTANCES, made
sunle slight. though probably not important,
CAALMtulHCo III H1o uIAiH VI L1o uulAa NOAEelH"
oil. Some of those which 1oat even moderate
amounts If tho city deposits fcol good deal
uporcr though not moro no thnn Aotlp others
would il ,huy l,nl not been tho lucky recipients
nf the city nul,ny III thu "1low dt'nl,"
TIE MONEY oUEsrloS IN THE FAttMERs' coSvEN-
TtoN.
ANY merchant, banker. fnanciar, or student OF
political economy who reads tho financial idcas Of
the speakers in tho recet Farmers Convention
at DECATUR, iu this S!uto, will feel IL Bonso Of Lu-
initiation at tho utter ignorance Of tho funda-
mental principles Of 1noney displayed by 80 ro-
Ercat error Tint ruus through, the ideas Of MI tho
speakers IL tho notion that wealth can bo Gro
nted by enactment Of Congrcss,- that tho only
thing necessary IL nlaks money Cheap" Is for
Issued by tho United s.nteu Trensury, and
rtatupcd "s5,"" 5l0," or S2o," ~ tin caso
may 10, shall cnch be srofth tho number Of dol
lars stamped thereon. But, III tlloso theorists
rroteht agNiust the uBc Of gold and silver as
Sle tAosn to Eay in whns lslud Of commulty or
thing tlcao nuios sliMll 10 ,1orth :Lo Dutnber Of
dollars specified Shall it DO In the far1novs'
wheat, or corn, or hosa ? a'ld, Il 50, how are
y 'ssS Tns Wsa o1FS's eo to otfSsh oks se heT
Of their s lmpor iollaras It aaen,s novcr to have
occurred to tho Bpculsers III the Farmers Com
yulltion tint 1t is ouy hecarse Congress- specifies
make d ''dolar thut my sisntcanco Is int.
1mrtod to tl1at word at all. Tho word "dollnr"
IT, in faot nothing but tllo specific name for
certain Weights of gold Or silver, mud nothing
clae. Tho words "pouud." or "ronnywelEht."
or ''ton," mean certaln weights also but, SUP
poao Congress- should authorize the issne Of
bills stamped livs pounds. or j" live TONS"
81 "tcn ponnywcights !" tho first question
would naturally bo, tlyo pounds, or 1.-Two tul,y, or
;cu pcnnyWcghta Of Nunts Should 1t DO Of
Ecat, or corn, or polk, or coal, or irnn2 Az
Mr. lIooton md other speakers at tho Farmers
Convention protested asniilst tho Use Of tho
precious n,rtals ~ standards of value, the Same
question would, OF course, ariso as to tho paper
tdoliars which these yisionarioB would hayo
tho Treasury issuo III order to make money
"ciAcap." Tho business community, Of course,
understand that it IL only the implied pronso to
to grecnbacls. Tuo iegal-tonder quality
until MI tho debts which hud been contracted
without tie specification OF t'gold dollarB" llad
been paid of. After that, tho paper dollnrs
would he worth nothing unless they were
promise to pay gold. Thcy would only bo u
means OF evading. tho payment Of dohts existing
at the dato OF their issue, mud for thus purpose
would. at iirst, ba worth small portion Of tho
amount stamped OIL them. Tho theories
Of the farlnela about money nnd currency
nro. however. 10 wild that it iB
difficult to find arguments suitable to oppose
them. Their niscoilcop1iun Of tho 1acts i'll tue
case Is 10 far outside tho bounds OF reason Tint
IL stou,s almost usclcsH to try to meet thom OH
their own plane.
LOCAL STOCK AND noSD MARKET.
Mcssrs. Preston, keau IL Co. quote as fol-