, 1874-02-11

of tho ,Gosortment In nfTaira which nro bottor
regulated by tlio lawn Of supply aud domand
than by any written stntutcB. A law regulating
or prohibiting interest On deposits is on tllo
g9tno principle nE nsury laws, Which thp most
prominent political economist now pronounce
bad.
= BANKRUPT FUND DEroslr6hrEs. =
: Thor0 seems to have boon trouble olHowhero
as we'll aa,in Chcago; III regard to tic favorit-
ism Of tho Courts iii creating monopoly Of the
the United 8tates Attorney Genoral decided n
question that Bcor1R to tayo nrieen In this con-
noctton. to the effect TINT + the not Of 1871 PRO-
wiling that money paid f,ltoc courts shdll be depos-
stntea docs not apply, to. moneya in bankrupt
cnsos, but those moneys arc to be deposited nc
cording to tho provisions OF tho Bankrupt aot
and tho nlleg OF the Court ,nado undor. it."
called upon to. docido probably arose from tic
fact that. under tho present 'cnBton. Of tho
courtu, nobody knows who is responsible for the
security Of bnnkrupt funds. In aIl othor easos
where money iB, paid into tho United 6tates
cd with the United States Assistant Troaalirors.
But In tho caso Of bankrupt funds tho courts
have, tho power to- make i monopoly :, Of
tho. funds BY deposting them nll in one
a1 ba1k IN eac aistriet The law however does
bank aH n depository for all tho bankrupt funds
of any one district, or eyon of ono city, but
leavesi It optional With thu Courts to appoint n
separate bank for tho deposit Ok tho funds OF
posit Of bankrupt funds is frequently nndo a
monopoly by the failuro Of tho Courts to, np-
point more thu ono bank. And hore comes III
tho glaring wrong, TINT If this one bank solicited
BY the Court iaila; there aooms, to bo no esfll-
oicnt security for tho money. II tho Courts. arc
tho only parties responsible for: tho money 80
lost, then tho banks receiving .Buoh deposits
should be required. to ,givo bonds as
IN tlla tlla case Of other important trust. funds
but il the General Government is to DO held ro-
sponsiblo for tho nets of tho Unitod stntcs
Court, then tho money should be deposited with
tho United States Assistant Trcasurios, ind the
Bankrupt law needs amending in this respect.
- DAnlEN AND NICARAGUA CANAL pno5rcTs:'
Tho United 6tAtes Government Commission,
to report on tho various plans for 1Bthmian
canals on the di1cront proposed ,foutoA via tho
latimus of Panama, 1sthmus Of Nicaragua, and
Iathmus 1, OF Iohuantepec, was organized in
possible TINT aftcr twenty years Of talk,
and moro than a doxen years
Of surveying, ono Of tho proposed rontos viii 10
aelocted as being available Tor tho purpose, it
tho Government will either undertake. tile con-
struction or aid any private corporation in tho
work. The Commission ia composed of Gon.
Humphreys Of tho Engineer Corps, Prof. Price
Of tho Coast Survey, and Commodore Ammen Of
tho Navy. A naval vessel is to DO placed at tho
disposal Of tho Commission, which will aail with
In q month for personal examination Of tho
proposed routes. liio Commission asked TINT
Capta. 'Lull and Selfridge and also two army
engineers, be detailed to accompany them, and
lesiHt them In tho additional surveys, which will
probably occupy two months.
AR long as twenty years ago ship ca1lal
RcroHs tho 1sthmuH of Panama Waa proposed and
partially surveyed via the Atrato River, into the
Pacific at Cupuca Bay. Another route across
the Enginoer-in-C Chief Of the Royal Corps Of
Minors, Paris, which would DO '47 miles long,
ana bnye depth Of % feet Of waser, with locks
210 foot long: ,
Tho Nicaragua route, afterwards proposed,
contemplated the improvement Of tho Snn Juala
River, distance Of about so miles, .luto Lake
Nicaragua, which is o body Of water about 10
miles'w 'wito and 100 miles long. The distance for
Which tho 1ako would BIO used III tic transit OF
vessels would depend upon tho point selected
from tho conformation Of tho country on tho
Pacific side, it is presumed that tho distance of
lake navigation would be so Or 60 miles, and the
cat,al from there into the Pacific not over Il or
Is miles long. - -. rs':
Tho Tohauntcpcc route oyor 900 miles north
OF tho route proposed by the French engineers
ncrosB tho lBthnu6 Of Panama, was surveyed by
Commander shufoldt, Of the United states Navy,
in 187O-'71, His explorations resulted in DEM
ouatrating the practical bility Of constructing
canal ia miles long from the mouth Of the
Coatzacohlcoa River, III tho Gulf of Mexico,
passing tie dividing ridge ct Tarifa aud dosceud
ing BY the valley OF the Chicapa Riyor to tho
Pacific at tho la, Dor Of Salina Cruz. This route
involved tho cutting of 3milca Of tunnels through
tho mountains and the construction Of an a9uo-
duct, as fccdor, 27 milen long. A depth of 22
feet OF water was assured, With locks from 170to
820 feot long.
It will thus DO seen TINT four prominent routos
havo at different times boon proposed for m
lethmian ship canal within the liatance Of tho
thousand milea from tho mouth OF tho Coatza-
coalcos River to tho mouth OF tho Atrato. or
L. t+-tf- ni.xtu
between that proposed by tho French cngineots
IN l841 and the Nicaragua ro,ite.
3luTtLArED CURRENCY.
~ -. 1uor ., e. nnASR S,iAs MAyEs el Fob. 1874.
:, Sin: Y you Gun give placo to protest against
lotsen, dirty, aud muti!ated money, you will coll
fer favor on many businessmen besides the
writer. Tho banls in thla section got most Of
their currency from Chicago, and, Is it is paid
OUT over tlleir counters, full one-fourth Of it ia
mutatod, or no lefacod aud worn nj to DO unfit
for circulation. So long, as this money is han-
consequence; tut, wien those arc broion up md
paid, to employees and 50 through the rotaiiera'
hands. and tloBo of hundreds baBdes, it becomes
. most filthy nuisance: 10 far Us tho groonbacks
aro concerned, tloro is no excuHo whatover for
This; for the Treasury desltos to redeem theln
rs fast aa presented. ind pays the cypress both
ways, beslaoH permitting bnnkB to count such
lnnds rs part Of their reserve while IN trnnAit.
Gould better facilities bo aslled2 As to the
removal and 10 tho;r cupidity will probably
keep thon circulating the old noton. But lot
public opinion insist on 1t that the banks shal
lake the little trouble necessary to havo tho
treasury notes 1,,a fractional currency renewed
ootoro IT III absolutely rotten. And Eroat point
would DO gained it tho Chicago huuks would not
hip such stur into the country.
.-.... ..,.. REMoNsrnANr.
LOCAL STOCK AND noND MAnREr,
1r1I r. Flo
hls P. m.:
,,.-. UHRng. Selling,
United States Ga OF VI. .,........lly3& l10Y
United Htatea 6-2ua Of .llGH iii
United States 1-4us Of f'6t..,......118ss Ilu ,
United stAtea o-20s 0f f'ya.......ll87f hoy
Uucl Staten 6-a0s Of B5-JaMll-
ary and July. uly..:.......,........1l8 118x
Unit0d RtAtes 6-20s Of 'G7--Janl-
ary aud July. ,1I03< Il0H
Iluiicd Htntra 6.Q1sa of iGR..Iant. 80