, 1873-12-13
N0NEYAND COMMERCE.


EntpAf EVENING" Dec. II.
Money continues to incroaHe In this n,nrlsot,
Ind on demaud loans. Will, good co!lateralH,
tonld 10 lind at por cent por annum with tho
probability TINT tho loans would 10 allowed to
un Bovoral months. Tho expectation that
money will bo oven moro abundant III January in
his market than HOW, BeonH reasonable. Tic
pork.packcrs alono will thcn hayo very large
amount to lond for ak and eight months.
New York exchange is abundant nt pRr to 600
por $1,000 diacount
During tho laHt thrco months tho amount OF
outstanding legal-tonlcr notos OF tho United
Btatoa Inns boo, increased over &to, ,OUO, 900 by
Tie paying out Of tho so-oallotl "s44 600 900 ro-
sorvo." Tile stoadinosH with Which this increase
OF grocnbRcks Eocs OH haH at last begun to have
ita effect on tho valuoof the currency thus bolug
Inflated, and gold waB uenrly por coEt hlghor
to-day,-tn othor words, grccnbacks woro worth
nearly lper cout loss than thoy wcro ton days or
80 ago. It ls now tolorably cortatn TINT the
whole OF tho $4A 900 1000 will be paid out boforo
spring, md, therefore, tint tho prico Of
gold will gradually advance, fn othor
words, TINT tho value Of grccnbacls will continue
to doprcclate. It is all indisrutablo mid hu.
1ntating faot tl,at. notwithstanding NIL tho talk
about rosutuing apocio payments and getting
back to npoclo basis Of pricos, tho people Ut
this country havo become 30 dobnuchoa by the
dclusons Of dopreciatcd papor curroiloy, that
imitation Of graonbacka iB now popular oven
Among class Of mon who fully un-
dorutand TINT tho depreciation Of tic onr-
rel,cy encourages speculation, llfnders Legitimate
trade, doproclateB tho value Of outstanding
debts, and prepares tho way for a further and
Of its value. 1t Is argued In behalf OF tho inaa-
tion that greonbachs cnn not, like tho Confcd.
erato notes, Fgcnch aaetsnats, md Continental
money, dopreciste until thoy are entirely WORTH
loss, becauso this Government is established,
has @ rosenuc, and is not ougayted In any oxpcn-
ave war. Tho fact however, Tint dopfocialion
Of the currency s the rcaf object Of those
who aro III fnyor OF imitation, shows
that while many peoplo aTo in favor OF specie
payments iu the abstract, Tho same as thoy arc
don't caro- to practice It. There III, howovor,
another class OF obtuao souls WHO cau't be made
to sco that q decroase In tho valuo OF grcenbackH
s tho same thug decrease III tho szo Of all tho
Weights, nud gallou-moasuros by which we meas
urc commodities would DO. What au outcry
there would be II Buch chAnge In measures OF
quantity were proposed Thoro ia no doubt
teat the Administration and great many nlen1-
bcrs Of Congress would like to Gator to tlis pop
ular domand arising from Ignorance md dnplic-
tty, but ncither eau tlero be any doubt TINT the
political dcmagognes who Should secure MI In
hation Of tho currency for popuarity's eAke now,
would got eoundly cursed for It in a few years
by tho very people who aro now in fayor Of it.
THE NATIONAL BANKRUPT LAW
Is evidently becoming unpopular rs its rules be-
gin to be applied to the cases Of parties wilpBo
affairs hare been dorangcd by the panic. Some
1t in tue power Of any oreditor-whoee claim re-
mains unpaid fourteen days after it is due-to
throw the debtor into bankruptcy, mud. on the
other hand, the voluntary clause" is equally