, 1874-03-04
MONEY AND CONNIE ERCE.

TUESDAY EVENING, March 8.

TUESDAY EVENING" March 8.
Money continues abundant, aud, though tho
bhnkn maintnin tho ratio for discounts at 10 por
cont, wo know Of It being oflorod III tho open
market at 0 por cont for sixty days, aud even,
In some lnBtances OF . por cent OH primo col
fatorala for tho samo lcngth OF time.
Tho olenrings Of tho banks yesterday MORO
over s5,0oO,0Do, and to-day over $4,000, 900.
against MI avorage Of e9,s000o0 rer day last
week, This grea. increase Ii due, however, en-
tlroly to the monthly aot,lonlents III the grain
and provision trades, and will probably not be
continued aitor to-day.
e1o00 diaoount.
Whom Senator Sherman presented In Congress
tho ostor dny M Observation-Disclosures TO-
monstr.ncc, signod by aoventy-flvo loading
WHOLESALE merchants OF Chicago. ho made tho
blunslcr Of saying TINT tl,oac novcnty-hvo names
represented sirfy millions Of capital. Now, this
would represent on average OF 2s00000 Of cnp-
ital to each individual, which Ia probably ton
tios a. much ~ Tho real aVerase OF tho capital
OF tho parties represented. Mr.. Sherman should
hayo Eail that tho hevonty-hyo asguors sold ss1ly
million dollars .ro,ih Of goods per anf,t,n.
"connA1" Fon CAPITAL.
A novel attempt to compel money to remain
In certain localities III doflanoo Of tho laws OF
supply and domand comes up In the caso Of
Now Hampshire Nntionnl Bank. Tho propretors
of the Pittafod IN. H. National Dnlk decldoa
la uovo their institution to 1Ianclostor, III the
sau,o State, because they could not make at,fli
cient profit at I'ittstold. They accordingly up
pliol 10 tile Comptroller OF tho Currency for
authority to make tho change, wloroupon a
romons trnnco, signed by all tile prominent citi-
zous Of pittHiiold against tho removal OF tho
bank, WIS 1orNardod TO washington
TheHe cit'zons clalm TINT tho bank can
do profitable buBlneas ut pittaDeld,
ami ,,rav tim con,utrollor mt Ia ornnt tha ,np.
sa.:I -. e.af rr,,o .tt.,..t - .as,. tr. r.
cat1on iot iel'4o'u1 Ate "s'o'ittt ~ eooteo c"p-
ltal INTO remaining III any particular place WILL
doubtless appear ridiculous enough to all VINO
recognize every mans right to control his own
,r,nov II ia ono ~ fin frdorar+,1 ,r,ro;,,1o,
~ to,,, - ..ar"1~n.,4 .Iat oltas.,
u iopooAic"'1 'oiA1 ~ bo'''nno,i. 'nA' oSo'S
man may posBcsa aud disposo Of his own prop
erty rs ho pleasea. But oven this propoaitlon to
ncss in ono place, on tho plea, rnatc by tho
table business" there, is no more ridiculous
lhan tho arguments OF certain 8onators thnt
money should bc nlntlo "more plenty In tho
West" BY some Legislative 1egerdomain Of ro-
distributing tho National Bank currency. Should
The pittstiold Bank continue refractory, it will
probably occur to tho Pittsflold people to put
nWay. The sa1no ezpediont might also bs prop
Drly suggested to thone who want to "corrnl"
tic currency in tho West. to kcop It from t!our
East.
7ow1 rr,.rntr pI,rpo.o nouon
u1t. 49, ~ ~ % .t t%t. - H., 49,. r4.,
ri te n1tuosn ~ ~ nuos az o. LIZ 1onn Lc'1lIa III,
lthl!toau lHo" IN de1alIIE OF 1neercst) clah tnat
tho business prospects and financial condition of
the rOnd haYo boon nsrcrrenentou to them by
tho officers OF tho Company, and that, in
eonronnoncn of this 1nisreniesrntation. thov
Itho bondholdnra) ,yora inilmcoI in tho earjy
n.e ~ .,aa ,oa that 10 ,a,.eno 1
~ 'tss o1S Soua ~ r. 70 o1s tns .Io uuous au
!ny 10 1879, 70 'nly 10, 800 sno1la ne 1unuad
into Z por cent scrip payable Jan. !, 1917. The
presidcnt and Directors of tho road represented
that with this extension they would bo prepared
to resume the payments Of interest OH sl,a
bonded debt April 15, 1875. aud could take up
tne noatlng aopt, anu pfoViao Tfoo,"1o LOT na-
uit1onal construction anu equipment by issuing
pitltfiou htocA. .........
Tho bondholders,. however, now claim that tho
enrnlngs OF the ROAD naVe not boon whas was
mai,, mohiscu, a1iH NM r,sss sne ~ GonJEesnio W .no
.ran an - ot na,, suo ~ ~,
- r'n - Ao. 9'il ~ Ao'o .Hs nus
wnrrantod bv lin nircumstancos tho1,. consn-
"al.1soi ., y tuo o1iSa'nss"Gun ,a t,u:,. eu!so
quontig, tney propose 20 fepnalato thelr aetoo-
mont IN regard 10 tha 1tuldlnG OF coupons into
EOrip And Committee Of tho b0ndh0idorS, np-
pointed ut 4 meeting held III Boston, on tho 11th
nlt, propose to eve legal notice that they will
.x.a.n,ant .,;ti AZ fro,,rn,,, H., ior11,aI1nw,
aGleonont mltu tne eoAp"nS' tAe ponoaolaots
now propose as 1oloWh:
Frs-Net earnings of road to l,e devoted TO lie can
cellAou Of unpaid clans of cnnloycs amounting to