, 1876-03-06

..... srLyEn.
r .1a e. f %ouia TX: to m your .on
tion 10 Tho queation OF Government utilizing tho
svG5 rodus. Of ths Il sons ns5 a1sa
long bonds. bssrinR low rs|o ot iaterest and then
mass silver LOCAL ender far 4. Issst oneha in pay
ment Of obts; also, Bubstttuta sscr for fractional
circulating n.eliu,n % NJ IN iii Countries. Ind today Il
le0alseuer In our country for IS. II no would ex-
tend oneh.l ot shs iSgatsndc5 inneass e silver M @ 70
silver the banks would not retro thsir circulation to
.ho 9sonback crrency should 10 retired Without offer.
Ing ao!no AulAtitptc stLF1Fs
ltzrLr: Suppose hllyer continues to dcprectatn IN
vRluo account Of tho vust quantities hat being
extracted from tho earth, and by tho additional reason
Of fts decentralization In other countries a1egal-teu
der for dsbts, what would b the oi{ect7 Tho hocrs
Of bondb will not accept II for 1ntcrcat, bccauso
the bonds call for gold by The law and the contract
with the rnblto croItoss Tho Government therefore,
cannot receive It for duce, unlcsn Il sold tho silver
for Co and 1t might not get 20 centa tho dollar for
It, Crcditors Of every class and dcgrno would feel
TINT they swtndle II compelled to sceups silver
worth 90 co pcr cent the dollar for claim con
tractcd in currency worth rs to 90 ccnta.
1t would not bn fair to allow ths banks 10 rodcom
their no,cs In such dcprecatsd money every noto-
holder would thereby be claAted out Of part Of Its
value.
Tho only uas Tint can be nndo O! silver ~ ,uoucy
IL for fractional change. 1t might he we'll to call In
the dirty, ragged little shlnp!aaters, and substitute
clean, bright avet coins; but II Mlver continues TO
decline in value IL will become necessary 10 increase
tho weight Of such piece TO u to kocp tho ~aus 70
son.o relation With gold.
orpos1T1oN TO TIE DANEnUpT-ACr REPEAL.
Tho leading branches Of buancss In tho East arc
protesting ctrongy By petition and otherwise, nganat
Tic repeal Of tito Bankrupt act. A powerful remou-
,tsanco haa been pigusd ty Nav York dry-goods
houses, whoso aggregate sales about $780, COO
yearly, namely: Wright, Dugs L Fhbyau, George
C. Richardson Co., Denny, Poor l.
CO., Faulkner, rago l. Co., Harding.
Colby Co.. ". q. langley n Co., Lewis Brothers 4
Co., James t. Little Il Co., Low, Hartman L Co.,
Minot, Hooper Co., E. L. Mudgo, sawyer + Co.,
Parker, Wilder + Co., ". l.. Strong Co., Upho1u,
Tucker b Co., Wleclright Anderson Co., Whitts-
morc, FEET, Post 4 Co., and Woodward, IaHrsnce 1:
Co. Similar petitions are to b. circulated among ihe
bankers aud otAtr cassss Of busiueaa in this city
Petitions Ct the character have bosn scnod in
Boston by most Of the leading houzcs
MINING aTocK MAnEET-rAsT, PRESENT, AND
FCTUAE
The principal ttan1act1ons uAde In the stock market
Tor nearly four weeka hayo been through orders
toss commonly known outsiders. The 1arNer sllaEG
of tho purchases md sales have been lu small lots.
Occasionally round lota hayo been bought for Eastern
In sna OF from s2po to 0oo and ths 4ha.cs serro-
Iented in number from to 10. Everything gees Ia
prove that tho Large oa1ato have kept retty well out
Of the market aid that tho publle sro now
moro Interested In stocta than at sny time
before In the history Of our STOCK loarls. The
aggregate business dono since Tho financial trouble
lass fall has been considerably larger, taIing tho i've
months oRether than at any corresponding period fus
tho satpp number Of months, lAldly s1caItinR tue
bonanza orr!tement Of year agp And yet the s!gua
hAyo indicated that tho tg ueacra laSs Interested
chases or by leaning their money upon stocks With
lesa than Tue 60 cent margin a1acted vrn tho 10.
eutttfes considered vt dangerously high figures
Tie market tlas been called lroke1A market. And
donbt they hayo had hand In 1t but the !ncre.st
IN business as been produced tao.y oy h: prss.s
speculation. There hha been an trlth
faetlcal proCrcsn!on yearly IN stock tEnnsactou
and a voaEiss ever since tho largo ore-bol!na wer
discovered III Grown point aud Uelcher. Therefor
martabIy healthy condition; much moro 90 thah Woul
bc ha caaa vers afgc dealers heartily loaded and coul
1t my moment create IN excitement BY causing pal
fcNra grand Tlsc. Should = new body OF orc bs III
covered which In not unlikely to 10 done any day
the wtek.-thrro would cono repetition of last year
rise III spite Ut those known u tho l|8 opsrstor
They not Alwaya big dealers, and u not
year, ainro llley required to rlftis around d
trey II many Of tho nnanciRl freghmsu and aopht
inoEea III Cafosnta strnes.-San ErlG,seo CA1o,i,ci
tet. II.
TAK FUNDING ny1I-
Mr. Hatch, Of tLs Now York banking Arm Of Flax
Iatch addressed tho Committee Of Wsys u,ld Icau
II Washington Thurpaay on tho ~ per cent EunG
hug bil Of tbs sonalo. 1Ie trguod from tho rresot
quotations VI Government bonIs .hat tho Govern
tucnt credit now Ia on nrn asis u pes cont, 81
phf.n}sx