, 1873-01-07
MONEY AND G0M1AERCE:.
MONETARY,

ArourAY Eyrs1Ha. Jan. G.
Tho demand for monoy In Tho local mnrl,ot
,ont,,rca ycrv lorco md ,,otwii,o,om,,ns. t,,o
tIa aMa.iso, ~" .s'.''u1 1n"4
tno Nauonai bA''"a aso 1ottlhS ont money moro
trooly stuco Tho call for n report, tho supply Of
funds is ntl far below tho demaud, which hal
loat vear IN Tho onicnoto, NJ "
,s,. 49, NV y, Va oaSy nouty no"'
aAo te,'.i'1a"ee' u No" 1ofR aro probablylargcr
from thlB city now ihhn they hayo oyor boon be-
fore, mud tho lo,unud for Now yorl, cvcl,opyc
kocn It IN tn n nr,cc Tint ,}1,,,u ,orra b. r11,,
,.,....a.. " INV 'o',se7 ','A" " pi''p
'a.e'!ey l1"st"afa. sa'es OF exchange Wero
1nado oetwcon bauk1 to-day, ut 10 to f5o j 81, 900
tAoso f1enrca o''
r,,9x,,.a -, ,,o,.,,o,
n..', 1.."'"sa ',l,a an eu,t"o1 of Looah slooRs'
bufihG thie "eoK tlo nnn,lai electtons Of d.
rccsorR and officers OF n lnrgo proportion Of tho
most prominent 1ocal stock coucorns, banLs,
norGo rai1wavs otc.. will In ,,o11. Ju,vro rron'
,,,r-a,,t o,,.;. son., ,,.,,st.,,t .,,a s,; t..
ou',ent eoss'p' some Important cnar'3os wal 10
maoo Ill some caaos. Ii ruuor bo correct, one
Of tho frat will be In tho Chicago City Railway
Company, which holds its ntlnt,ai lncutiug to-
morrow, jan, Z,
THE DRAIN Or INSURANCE MONEY TO THE EAST.
It il not gonerely known that tic citizonB OF
1llnols pay annaally for lilo insurance : creator
bn ot an e ao of OF m Of tho sna
pad in illinois in is7i. was 81 '5s1 .0od. and tic
total nluCunE Of ttrN insurance nrnmmA mid in
the ealne % limo " VAS nbout $780, oob, | Ia Il,
connection with thcso figures NC print tho fol.
lowing correspondence on Il point which ],ug Boy-
oral tfnlos boon touched mon in tr1Js I,n1n1,yE
in tho inst yeay or two;
70 The ElYyr Of Tin chfraoo qr,suu..
It will 10 soon by tho ronort of tho Auditor of
tho gtnto or Tliino;s rn ta vcor 1s7o th"t a;1tv.
eix life INSURANCE. companies doing business In
tho Slate tako away from hor peoplo and tho
business public tic comfortable iittio sum Of
York co1npnnies capture about 81, 900, 600, aud
MusBaclulsctts conipa,ics about s3O0,0OD, whilo
tho balanco ie tal:on by Connecticut mud somo
rrn iuatitutiona.
Dy roforonco to the roport Of lilo sunerinteni-
pnt Of insurance Of tho State Of Now York for
flo year 1874, it will bo seen Tint tho lifo in
S e G0msoss 9 o Of m Hs 5 sse ft M Hssoyo au
ind TINT tho net ann,,nl excoss Of income over
all expenditures and losses is about sci 600 00o
and that tho companies havc now on hand az
grcgato ansots of s150, 900. Two.thirds of
the Western and Southwestern States.
What becomes Of Tho money that thus an
nualy finds lis way to tho great cont.o Of monop-
olies aud rings7 DOCS it over return to. tito
ylcn with a loan of ovon part Of it7
Mol Not cont orur fluids ita
way back. Not cent would
Tho companies lonn to nnY ono in tho Wost or
t30utnTGBt. MOI cent QarO they loan, 1Or eucn
is tho lsc terrg Of tho state Of Now York. "Re-
ceivc MI you Gun but mover lonl or give q cont"
ALI must stay in New York.
Hence 1t in not to DO wondered at that in Now
tate security nt from G to por cont. with greatly
moro on hand than can be 1oaned, whlo we Of
the WeBt willing to pay g. 0, aud 10 por cont, aro
denied tho use OF single cont Of this vast sur
How long will tho poop1o Of Illinois, ,~and tho
West gonerally submit to this drain, and re-
ceivo no profit from it?
If a reasonable share Of this money would bo
of benefit toward the DEVELOPMENT and building
up Of tho Wost-syhcl has dono so much toward
tho ACKNOWLEDGMENT Of tho East--why should we
not have it2 Wo do not ask it or tho use Of it
aa mattor Of charity. We arc willing to pay,