, 1874-10-10

T~t,fa t4nr.fsr,. ' ~ 40l
Dhisaeo City is................... ..... Tar *tnt
lllinola 10 per cent achool.bonds.. ..... Pr stint
West Chtcago rark'bonds.. M&tnt
OPERATIONS OF THE UNITED STATES altSTs.
Dr.. Linacrn,an, III liia report az Director OF
lie Mint, says tho amount OF spccie III this
country on the 30th OF Juno last was $40. .0o0,-
300. Tho estimate shows n gnin IN specie and
bullion in tho Inst two fiscal yoara Of S3S. $780,
D0O.: Tho amount of gold and silyor coin md
bullion In tho world IL estimated at from ton to
lwolvo thousand millions. Tho prcaont ratio Of
production is--silvor, $50, GU0, mud gold.
BLOT, ,0o0, 900; tho two together being IN aunnal
addition Of about TX per cont to tho cxiating
stock Of spacio. This last point IL elaborated in
tho report.
Tho gold deposits Of tho Mint woro sos, 861,-
Compared with the previous year, thero WIS
m increaso Of eB, 92l, lG5 IL the amount Of gold
operated upon; S2,8S0,7G1 in silver Wern re-
coiypl and, operated upon $15, 133, 352 in gold
coinage, 93.037, ,085 in silver coinnye, ant 2l0,-
b15,08G In bars prepared at tho hlints and assay
plllccB.
paper against tho San Francisco Mint arc d.
flared by tho Director to hayo no foundation in
TACT, mud tint tho operations and uasfnoas Of
khnt establishment nra conducted In strict COLI
for1nity Tith tho law.
THE BANKRUPT Law.
Tho United States District Court for tho East
Eth District Of Missouri, i'll q rcccut case, fol-
lowed the decision Of Judge B0tchford, Of New
York, that porsonsad Indicated bankrapts priorto
tho passngo Of tho nnaondAtory act of
1uno 1874, could not bo discharged under
}rs' PROVISIONS but remained subject to
tho dsabilitiea imposed BY tho inv. US i pro.
viouRty oxiated. Judge Troat. of tho Missouri
District, made tllfs ruing1 however. pro forHla.
for tic purpose Of allowing tho question to 10
up to tho Circuit OH appeal, and the Missouri
Circuit, Judge Miller rendering tho opinion, has
now royorsed tho judgment. and decided TINT
t,r 1SHH1
Irrespective OF the amount OF LIS asscta or OF
any consaut OF creditors, whether his caso WAH
commenced whio tho Old Inv was In operation
NJ since the anlendatoIy law WIS passed." This
ruling Is III accord with that Of Judge Lowell, III
tho Massachusetts, District. aud throws tue
weight Of authority, aH we'll as equity, against
tho contrary doctrine Of Jrdge DlatcAford.
cIIE1oEEE rA1tlrF.
a singular lsa'le hes been raised ny tho action
Of the Cherokee Nation III l.,yying &nx upon a,l
Texan cattlo driven through lta territory. The
iirovers resist tho tax On tho ground TINT tho
CAerokces aro nos n foreign nation. and that no
such intcr-terrtorial Tux W this in question can
70 Rpfes in Of a o.
torior Department ',pholds tho ChoroEees mud
iHstities them in dctniniMg tho cattle until tho
tax is paid. The Supreme Court will no doubt
have to settle tho ma.sor.
srEc1n rAYaESTs m FRANCE.
:. Tho intelligence null dircctness. with which
Franco has pursued HB policy OF a return to
specie 1'aymenta have 1nade ita recent financial
history an admirable record. Illo plan Of coI-
tracting tho pnper- currency. aud accommodating
gold against tue !loedn OF tho day Of resumption,
has been faithfully adhered to- 80 grcut ia tho
pop1lar conilde1lco ~ tlo Intention OF tho Gov
H1nlnent to resunlo that Franco pteHentsl m nj
most miraculous exception to tilo laws OF ear-
roncy, ~ thnt, although anccte payments we're
Buspendcd, tho papcf'lnoho{ OF tho country ls ut
PR III ing INFERIOR WEI gua. -,
1ne ta1ta correspondent 81 tue fscenom1ss
Bays that ahotnef atop toward sle resnmptlon OF
specle.payyinehts III FRANCO ms beon taken. on
llehsulofs-Ioheinl III luz departments anu tho
Easliers under their orders received nstf;sctions
from the uoFeThmohe 70 reserve aud remit to
tue treasury aii tha coin feceiFed " them, md
to make oil tnoir payments I'D paper, Tho specie
linus 1eeelveu Wan palu INTO Inc IrenhrlrV ac-
count at the Gnnk Of FRANCO, and al1eu In g
great measure to fcconstltnte tho Stock Of
specie. The restriction WIS ilfat removed in. Ro
fur ns it concerned silver coin, and 4 eirc.ilal
ebol'Bhing It entirely h9s now been Issued by the
1llnstry OF flnancei Which authorizes It's agents
to uso IN tholr payments gota coin Of any kind
without feaesSe.
LATEST.
NEw 4oRK, Oct. 9.-Monoy, 2Gg9. prln1e mer
cantllo paper, GG07.
Sterling weak at i8i G248414 for slxty-da:gs a,G
rates for cash gold had q depressing object VI
tie exchange market.
Custons receipts, S327, 600. ....-
Imports Of 1rs-goods for the wcek, s2.o19.3H
Gold 0pene1 ut Ito and closed at HEX, III
Borrowing % wi o retea a % ii Ber od on and t. no
annum. Ioany also ulado lat. Al Al tIit, c1os, 1os