, 1875-10-14
FINANCE AND TRADE.
Pleasant Result OF tho Ohio 7slec-
ton ltcturns.
Ruainess Large and Bteady-..Disconnts
and Exchange Firm.
Tho Produce Markets Unseitlcds"'porR
Steady..-Wleat Irregular.
Other Provisions and Grain Weak, with
Small Shipments
FINANCIAL.

Yes4ur&ay raa remarkably nnc, and business grne.-
ally wss fairly active, t,o retail trade esieolay 80.
Al tho banks TIC demand fnr Accommodations wAA
within r$asonabe n1te, AUD Of course 1t was prompt
y tbs news from Ohio, showing that tho rcoplo
khero in favor Of honest money, had hrncing Of
fen upon tntncaAl Affairs. All clauses breathe ffecr,
md tnAnlfest more cnndoncc In tbs fusuro That fs
al thtt u heede 10 tntuae healthy sevty inio tho
channels of trnle A ovor the country. At tho Went
therp h no lack fit; and Il Ia to bo hoped that ali
other sections will feel it, stinulatlng influence.
Tho New York 3tabnne recently cosed srticle on
TIM ourrnucy With tho pithy remark "thst tho moro
rAgS ts psopts hare In their pockets Tic tcy
carry thoir bseldn That IT, the irEedcemablc
ourrsnr1 thhy have, ths> poorer thry bccome. This
Tho pcopas of Ohio seem 10 hsvo believed and acted
npsn.
Hates OF dIacotnt st Tho banks wtre A. nauA 10 Per
rent, md Arnt. StAtccly my loans tAkcr bo
low that figure.
Street rates werc 1itts hrfner, with rather moro
snd better paper offering. We quote tho range At ~
f8 PET cent.
New York ctchsngu ts clozcr, the price yeatefday
being firm betwecn hanks at par.
The bank clearinga were &, ,aA.od1.
on'a1N OF the 1N1ERcosvsRTIRLE EoSp.
To TIA Editor otr The cheaao Tsihaae:
CH1cAGo. Oct. 13.-Thern Is uutling new In the bond
Hchefno advocated by Kelley nni hls adscrcn1ss A. ff
elsey the Rams theory Of expansion Wa put forth by
te special opponents of tho Hank cf England nearly
Nifty years ago. Tic rcopln of EnR!and a'l suffered
[oug period of derrsson from the rlosa Ut Tho war
In 1918 down 10 la15. when commerce md man,l-
facurcs toylrci ag1n. greatly through tue aourshnR
condition G! country about that tiR1o writer
in tho London inry io1tdfa Eol. ., lafo 4d4, dis
cusstnR the prevailing hnnntta' truhnes, says:
"W1at IN Tho situation us thu country now u-33)7 An
acc,sscL elnssnu in respect 10 gold, Ike Ill suiRfa+
tuas has daz1ed the understandings of sneu sud- With
Que or two nttcrattolf e 10 eighteen years Of pros
traton dcIorab1c the previous eighteen years Of
advancement In delightful 10 look bnrk
uron," Tie writer here tntcrr tlis1niEitton fa
vnr uf PAPER 1noEry. lio proposed tn utzc the
SioGG III nf Nritish eit 10 " nke mnlIey penty,H
and aeyelei cd the krlcy boud srhcniu follows:
The ABU COL nominal yalar 0f tho aunitca l1
Ing 1nate tic basis sf tho currency. 10 mako Tho
rtury itl7araba, tho nominal value Of Tho A,Iites
must te l1a invariably md ts ~ 10 10 effected by
1ueaas sIplc, AMI Important In lin agre.
cato interests If ths nainn they will prnse erItnl
for ths purpose Of aurd!nE inrnrlablc currency.
The Government henccforwarI must le this only
ufacturcrh Of The cnrrrucy il El Antl IL noteE,
we'll "a OF larger andunte; Eln u such notes to he
b!wayA exchauRrablc for t0 o thr rnnonllate debt,
and vlre versa, tho debt III like uwayae1-
chnnEeab1e for ElG1 Of notes 1iy tue adoption nf
mpaBurp gold, Ike hny other lN'al nr tt,,nlHny,
viii mud 1ta er6s OF value attlrc nI aIlsp,
and the eneritcs of the cnuutty will Ia q: tiirv,i
from the 9DlIr1 fettrz with which thever .hLn iron
or lcad} thoy lave for etRutceu ycara Lceil Lnin"
- l.. II, q.