, 1873-06-12
MONEY AND COMMERCE
MONETARY.

"Ss- 1N''
WEDNESDAY, Evrs1uo, June II.
Iho local money narhot presents no toatnros
Of spooIal interest. Loannblo funds aro nbun-
dapt, and tho banks find tho amount Of desirable
papor o9orod less than they would like. There
AFRO alwaya borrowers iii tho market for all tho
money that Ia to bo had, but o large proportion
~ thaao IN mi r,o,o nnnor +,ot Io,,5,. -
~ wv 49, A. lsroA sA"S D','sas oAfu ~
tako, 30 tlat tho money marriott IL as much n
question of tho quality Of tho rapcr aa It is OF
The uupply of unused money.
mo" ~ fVln e enungr was I To-day
oono "a 'no "eua1 Heilofs "8Aln8 zoo pef $l,Ooo
premium,
TnR EFFECT OF RAILROADS 70 D3rnEo1ArE TIE
aon. W a poaoosors ,'as ~, a,,.,,a... lit.
ovn. w. ". o. 1sobssf"ns nas a1' oaoofato article
~ tua Ho's''onas engineering Magazsne on
tho "E1octs OF Railroads On tho Va1uo Of Land" !"
tho Wow, that in tho arcreeato tho ofraot o ~
rnirond extars,o 10 W. s w. sno oeeos VI
sa.lsoaa excursion @ IS 70 aad tho value OF every
ieRe OF land mndo available for cultivation to
tho country. To this proposition wo disaont, and
think We car provo tho contrary.
Notwithstanding o good deal Of unnecessary
p,odant1ry and flourish Of ru!oa and agcbraio
Rosoctans' article, one Of which is tho distance
from market at which land oeases to hhyc any
i1nf f{rH& ~f kt.n
of orain. TIa nricoa ~ ensn nntss s-,aR, s1E,R'
hest atc ~ or!ao sor - - ,a,,
cated whore Il mirht bo wnrth somothing far thc
cultivation Of wheat, for instance, would DO
gere tn ho mari kcte5 aa " n,cS XII 1st.a, If baina
fad h aioct n ha mssetsa ID, in thn form of hna3
rpoTk. gns 1or t1o HhKo OK Illustrating AlA
s,,a zen: H. atoaeotonr assuos nn average Pre-,
pounds OF any kind Of crop, and tho valuo Of
this at tho nearest general market to bo say,
el.35 per Genital. Assuming the cost
Of producing this to 30 rs cents
which, with tho ratio Of interest at, say, per
cent per annum, would show tho value Of lilo
land to DO $120 per aero. But this is for land
In PROPORTION to tho distanco the land T Is Iron, from
tho place Of marketing tho crop, 30 is ita vaue
rcducod by reason Of the cost Of transportation
Of tho crop to market. Gen. nosoornns SAYS !
-. conaldering the condition Of country roads at
what will pay interest on tho cost, and
make good tic wear and teas Of animals,
Boarn, and vehicles, keep tho toans and
give. tho toameters fair wagob, = 80 cents
per ton por mile is probably low average prico.
Three cents per ton per mile Ia at present fair
average for agricultural produce por railroad.
At these ratea contal transported ono milo
would cost Is cents bY wagon and IL conts hv
Tor every milo away 80 by tho wagon and 80
:ents by rail-" Following out this lino Of arp11-
ment no finds that, at forty miles away by wagon
road, tho value OF tho aero becomes nominal
while BY railroad 1t docs not become so until
400 miles away. or course, II tho samo
calculation were nado based on higher rate Of
interest the distance from market 1t which the
value of land for cultivation would beoome nom
lnal, would be much loss than 40 milsa by wagon
road 9 and 400 miles by railroad The result would
also DO groatly changed by host of othor cir
oumatancos, tho principal one Of which Ia tho
valuo OF tho crop or product Of the land In pro-
portion to its weight md bulk. Thus tho
product OF cofeo, tea, indigo, sugar, cotton,
wine, and precious motala would givo d valuo to |
land III locations Whero tho moro circumstance |
~ ~ run a1No1 aha the COST OF trans
poStnlE the produce TO market would make It |
HoLtH!obb loT ZIG Cu1llfAtlOn OIL tho ordinary 4
1All1 DrOtluGGB,
Tho objoct Of Gen. Rosccrane, however, is to