, 1874-02-20
MONEY AND COMMERCE.
MONETARY.


TnunspAv EVENING, Fol,. 10.
Tho attompt OF Senators Ferry. Morton md
Logan, voatordov IN tl,o Senate to donv TINT
mono,, !, ..,,,.',..,. 49, Wal ,.o,.,,aa
ao1'oy ~ @ouhu"ns now III 'ne "oSs' poenuse
lmpcounioua indlvduals cnnnot borrow 1t With
out BRtiafActory Bocurity, will at least show tho
public what those olamoroua inlatfonjsts moan
when thov CHIN thot ulhero ia not monoy
enough" They moan that money should be 80
plenty that tho owuora OF It should lend 1t with
out security. In opposition to tho money artiolo
Of The CHICAGO TRIBUNE, quoted by Senator
sehnfz' yesterday Senator Morton pro"
ducod lottor from Missouri company
of como sort, which complains TINT,
notwithstanding 1t hns a capital Of 100000, II
"a, mi horrov AZ mn a. 10 mar ,ort s,pator
n1a,.o,. Ds',o" s,,s. p %,,nao1s W
Niofson muat etner oo 'sno'an1 nllnaoils or
imagine that tho Congressman VINO llstoncd to
bis arguments aro ignorant OF tho ordinary rules
Of business otherwise ho would ECO that tho
Inability NJ tho a1,aao1ri comnanv tn borrow
o,,,. 49,. .nn. t,a,r ,,.,o ~ a~o,4 ,,a 49,
unly auows tnat tnoy naY' ~ cteuls' ,.. auu 1l"t
their $2oo ooo OF capital ia Other ilotltiouB or
locked up In nomot1ing Tint Ia not salnblo In tho
market, aud, therefore, IL not good 1ec,rity for
tna lo,n ~ nonav
A. 1,orr., ] ao,,;,,,a .,,,. ,t. ,.;u =,
judge Of tho general buslnesH-interesta
by the financial reports Of nowspapers,
ana Mr.. Morton anil t,,,t mnny ~ t1c nnwa.
r,n,r ,rt c1os T,ro.,;,,, ,,no,nto11n .ho ro1r,or
daily daily financial reports roports) "woro Of a. a political
nature. nature ~, Ino position or senators Ierry ana
AtoTton. tnon. !s thas thefo can no no hoheat
es ., a1 ,e g os 1no ,
ieas vSry wsas poh.tG aa s1wa enat taoy
lnage every one efse ny tnelr own srangaro OF m
seE.ty; alessra fosry Morton, nnd Logan arc
to a a oea WIZ a
nos5 nuans w. nv" tnas tuo t htDnoy ~ attloo anu
sf1e5 s1 inp1Es9 m 3 o. paper IKE anE IpuSE ire
tUau ua.s % uy .nu Mo0s a,'osent Part u tHo
nus,ess rntia, oot.Inuny f.nr, ~ mon "aoso .raae
oFtsnt @ovao y p.t IRE ire 20 rens
shase s;9, rep9rts Moesrs. Forty Morton and Logan
WI Ma 'uefotoao @ seo Inat any iIacculaoy o. pervor
e,4H IN sngs9 teposss q moula Gu ous pronps
cF.tcss;n ana aonial irom mneh moro respoctaolo
t 70 o mG
dsoylng fact that is psteat to everyone who
oeala ~ monoy. Money-aendefa are, as rue.
snelunuant suppsy oh inc contrary tnelr tFa.
olslonai poAcy 1s 20 ma6o me PUBIC heleYo that
money III scarce, IN order to keop up the rates OF
ntelcsg.
bns, III tho prosont instance. the evidences OF
ar an -, unusually % e1undant supply OF money
~ H. ,no WEI are COO plaln TO TO- aan o. 9ny aenla1
~ money.49naere ~, or even 6y senators Ferry ana
h.ns a. cv qs po se Inc
4t.nt.
a, 1,aoar conhery IT. oanA cosroSponaents ollarlng
s t 20 pe .panGu Gus on eolate1al security IN
.nls c5y. ohly aey noioro yesterday one promi-
a nj oaa "n IN as a cy % ~ ono
. nsa.. ny tess tunn seyeh sucn ouels IRON US
mauy .. aatelont Gpunsry panSs n ns many ainer-
n Sns gunrlttts r. " lao county. Inc Guy banks,
however nave not boen able TO Ind such inyeat-
,monr onss lo M tho to COUNTY ;an pa 1anks IN 1aes
su! " ~ c.ty pau4a hefe Wou'a
1aSe peon glaa 70 increase the loans of thcr own
rnas nah ~ y s,1ie ~ the laet th!tty uAys bo1ng
,Ia nanlp t so Lay T., Tor thelf surplus
svo rinT tho ias ,ont, 'nr rosortad oha s,,
4saa. tna6 ulo lags niousu' tosorlea 20 Guy
t;ae ,,;a 10 ake !9a1s tor s9eH pfac-
d WV y a1osars nssof na1peu peao1e " tia city
at;i a1,on;na1 D., t,;; Mot'on aaa Logan arc
to- nno hFnororo rr Wiz ,o W. ann In ete sno
t.Sa Nv ~ oon nn mno nase l9anea money
..nntt W. ,t,,rn uounly oanks n tno 1aas
1monas nnrat "eyes t peiore Kno"n IN ing
.unny ~ monov sn'n t;. 1no ,,,ae Unusual sl9.
Wipter has. in foct is hcen nAlHus IT, ri,, enis
s1,1 sSra,,;s;o1s eaT Stoat hpacuaoh ~ polk
~ ~ p.ov!s.9s p,,s.9 poaa.o.c. nau IL not been go,
aeeumulato and o hsp n nAEe "a @ mSem ma apse r 20
Of thusa Commodities now IN this sTe hia w9ftn
a tu1t ~; ooaaa .no usu11 qo@ntl'y Aeiu
neIo ~ st.s season ts 81 tne year. eaF....
tbe oonntrS senator Io~an Supply snra a. onoy IN
t,oro - s,s,t - ausnI sasa ~ course,
t .nelo 10 n1e4Sy ny u mohoy 70 20 had On call at
a psa evIs: ~. mo woolu in!osm 5he sonator, how
sI1s 1'9nvS 1. y ~! ioaneo N inc country
+,sa1 -. n an @ .uA. sne!u * 20 tuoio Aouey Oh
ioseu ~ ate coan.tIy Wess q tnls CITY now Tor
os aoaa " ..aoa moiasRages OF reai estate than
eaatr,amn tan no - pseo. sea- We have tue unwilling
ant os a. t,y tf9m aozcn differ
ent locansiea N the country; we have reason to
,s peaaye .nns 1ne saplont senator Knows moro
os sooas ,4 .t a. CERTAIN game Of cards than hc
oYTs IT. apous ..,. s esu 10y ioAns.
1vaat ano cause OF thls abundance Of money in the
~ ~ nps ae ~ ~ M a9gan 2 snppoaes the out
hon XIX y. tnu OF the so-calod $44,
tGaotyu ~ " EIeenoacKs put out by tho
11easuiy 5ut Enc west 10 r1ch in money because
~, nas % ho'u immense crops OF pork aud grain.
ano ptoeoeus u tneso Baiea arc represented by
~ 4Hclease u OF deposits IN the country banks,
sna ~ ene country 9anks aro unable to find
Satis1actory loans III their own noghborhools