, 1874-02-28
MONEY AND COMMERCE.
MONETARY,

PRDAI EvxEINa, Feb. 27.
BuEineas IN financial Affairs continues 81
tremeiy dull, not only in this market, but i
nearly all the financial centres OF the countr,
There is no question but the Congressional dis
snssloas on the currency question have cor
1rabuted greatly to unsettle confidence. !
;ongreds were not IN Bession, people could for1
on.e approximate notion Of what gold will b
sorth next summer. but nov they cannot. Eve
Congress gees no further in tho direction Q
nhation than to authorize the " "S44 000, 900 re
erve" OF greenbacks, gold will advance 01
he other hsnd. if the s44 000, 600 is not author
zed it rill be necessary to retire tho s25 o0o o0
already out; as soon as practicable. and in thai
case gold will decline. We have yet such large
e1portable surplus OF commodities in thia
country that If the foreign demand for them
keeps up, as there seems aome ground for OK
pecting, the natural tendency of the goao pre-
Elium would be downward
Money continues abundant in this market,
Ind, though the banks maintain the rate fol
ascounts ut 10 per cent, we hear OF si1ty-da.
!oaus being made On eoliaterals at 9 par cant
Ind demand loans at s per cent.
New York exchange continues dull and steady
1t Soc per $1,000 discount.
1neie 10 oa1o " oe eop1o ousast ee'ne1's atao1e
he Directors OF the German National aud Ger
msn Savings Banks, and change OF admlnistra-
,;on in both hanks in not nnlkety In result
Thara saa,,s a1sn =, h,ro ha,r , ,,;strrh,,r.
= 10 1e, 1e-., e.1' e.4:, ~ n1'o -, ~
IN the Aechanlca' National. hr. Aeed, The
former Cashier, has been elected to the nominal
office OF V1ca-President, to make room for 11r.
P. r. Forrest as Cashier
m. Aw- r]J1
~, ~ eee- .noi eo c'e- e'sou ~ s-.s - 1.r.
E1duA N thus CITY WAS thst recorded 1e" GAYS
II utual Life-Insuranee Company for sl,7o0,00o,
covering the Palmer House aud other property
in this city. It is however. understood that
this is main1y tho consolidation of several
smaller mortgages on the eamo property, that
have been in existence for year Or two.
SPECIAL DEPOSITS.
The Comptroller Of the Currency Is said to be
preparing = bill as an amendment to the National
Currency act defining the extent Of the liability
u National Banks for special deposits, The
nga and litigation by requiring written or print
ID notice. in the prescribed legal form, to de-
poBstors 1t the time Of making the deposit, stat
ing the extent of the bank 8 liability.
TIE Roc6rcaD, ROCK ISLAND ST. LOUIS RAIL
ROAD.
An endearor is being made to hr up the affairs
OF this CORPORATION BIZ reducing the common
stock from sc, 500, 600 to s,5c0, 900, and l,suing
81 GOO 0G0 Of DfefeTfed Der cent (EOld1 stock to
the bondholders in liquidation OF the 81, ,oO0, 900
OF overdue coupons row held bv them. The
COMPANY is in default for the interest on So 0O0-
GOO OF it's bonds, the overdue interest being about
81, COO, ,0tD, Nearly 81. 000 900 of the bonds are
held in Germany. The foxting debt of the road
Is SEQ. 600.
BELIEF FOR GOVERNMENT OFFICIALS N DEFAULT.
The Nays and Means Committee Of the House
hss agreed to report h;lI to nsv bsck Ia Mr.
Thomas, Collector OF Customs q; PHILADELPHIA
F62, 600, which WIS embezzled by his cashier. and
which was made GOOD by Nr. Thomas.
Zen. Hilhouse, Sub-Treasurer at New
York, Gen. Spinner, United States Treasurer.
Postmaster Homes. OF New YORK. and other
Government officials. have all met with similar
losses. and Congress las been willing to refund
the money in each case, Wh1le no suspicion OF
dishonesty attaches to INV OF these gentlemen.
hud while it would have seemed q great hardship
FOR tf1ern tn suetein ff,e Ineses it ia annarent
that thia sort OF thing ia Increasing and it ia
suspected that the facility with which the reim-
bur5euaeDt of the principals Is secured makes