, 1877-11-28
Lighter Demand for Loans..-
oiearings $4,000, 900.
Surrender Value Of Life Insurance Pol
icies--NeW York Banks Call
ing In Loans.
Tho Produce Markets Less ActfSo--s
Hogs Flrmer, Provisions Tend
Downward
Whent and Corn Weak -. Barley
Easitr..-Flour In Good
Demand,
FINANCIAL.

FINANCIAL.
The offerings Of negotiable paper have decreased
in the 'ast two or three days. The country IN bos-
rowing freely from the city banks. The bank de-
po,Iss nf the business men Of ills city are thus
loaned to tho country bnnks BY ttcm distributed
to tic country mcfchantf. ara ntcd In mixing nay
ments I" the city merchants. and. to complete This
circulation OF capital, by them deposited Acnin
10 be again lent mt. The packers arc milking
eon1c paper. nit tho general supply from rnercnn.
tile and manufacturing eonrtes 10 not arEe enough
to nl,eutlrthc 1uanahto means Of tue banks. These
tnati,utdns hare purnucd a liberal policy with
their customers during tho recent excitement, aud
have discounted all paper that VIM satisfactory.
I:ntcs at discount 7fsl0 pot cont at the banks
to regular customers; call loans arc 017 per cent
on the street.
New York exchange sas pasGs75c per $1,000
premium between hanks, md shlpments Of cur
rcncy will probably be soon mado 10 New York.
The c1carlnga wcrc 81. 100, COO.
sUHWRHDEHvALUE OF IHEURANCE POLICIES.
E1izur Wright, Of Aastachuecits, proposes to
form an Rhsocaton Of foHr Or 1To Thousand llfc-
Insurance policy holders 10 obtain from tho courts
decision establishing tho rights Of all policy
holders TOD maximum surrender vatuc, IN case
tke!r tNticcs 1apsc, voluntarily or lnvoluntariy.
lie aaJstn .Casl to Life. Insurance Policy. Hold
crs:"
The Supreme Cont Of tho United stascs has al
really decided that the ncnalty LOT forfeiture Of The
cannol ~ exhcteH wh"h thr violailon OF contract
on thr part u thc policy holder WA ineyitn.
oics N casn Wnsfe INC aclion q the feseenment
sn. ,,o,,htv ~" ths " ,tooni,.S mG'o y
the rlcht of e insured in ttc rcssfys IL lae losi
cal cstenAion by restricting the penalty to The
damneo nono Tug Cohipany' n a. easea how
tu,r dce;nn ,nt the rnscrv,, ~ ang y s
belongs 10 tue policy holder in tke ecnsc flint Il
mist revert 10 tc bcneaclnry Of hia policy nn! to
nobody eissEfof INIT T. ts mearInv It u haA aAy
~ n.n,n s"+taIn r"."r~, nn Sv.r c
nolic1' 1'@nny hnncai and eoniiahlo rnnri rannnf
but .icctde TINT he u,ny voluntarily Withdraw his
own money nfte. paylnQ q {nst, fearonatlr. aud
t"'y e"1tef1 peh"t! lo' sHh4tlns "'s cohttaet-
NEW foth HAHns s'"GnuiHESi ia"fHsMsELSEs
iho OaHy na"eh'' OF Sew lofS. sass TIC banks
OF lhat Guy haV' oceiaea 70 use 1holf power to
comps! "4hKs III he'supofng e't'ea 10 remit moro
promptly. Tiny arc owed. mainly BY tank" In
Notion. fu!aae'pn'a' a"u ba'1imoec+ ABOUT slo.-
Uo"tooo. !hs mo"e5 !" p"et Of the capital OF The
Ncw os3 pnnR"' p,' inc nanss 10 Tue othcf cities
hnSc psen maslne al tho pfoat on 1t. For instance.
|As N -. ~ uo
Inv amer u T.; III. ~ src % naso eesn ony
banks wrrs getting It a. and lila our hamk. co'. nv.
clnted was not the fair thing, long al the ilos.
ron oanS3 oWeA m t.."N,o IVY. Aecorangly. yes
,s - IN nnn ".nsrsens ~ - ~ .nsson panks 70
hin rsp,n.s wn, t,rou,nt be II sai1 ~ In "r,ai
of lo..o and Il cannOt he said that rates here n,e
nsyct pereeptib!y Affected. We shall hc surprised
'hu oa' ~ =. IT, ~ @ o.s. @ IVY IVY ELLEN @ naMea, rs WcH
tnctic. iron, time to Tine in thn fntn1c II aIHo n
more than just and rrnpar that they shon1d be.
TuR TENNESSEE nEsr,
Therr Is party In Tcpnessco whlc, fayors d m.
puu!atton OF tho Stata debt rahor ttnn accen, tho
eor.pson,ttc Ut 20 cents, which tho bondholdcrs
aro willing to take. This party areues thnt at
lcn4t onc. haf of tho bons now outsia ant!fnr wcrs
issuod bY Tie Drown,ow administration, and that
the Slate received no hcncat from, them, This as
sestlon In sall by tho advocates OF tue comrto.o
~ be Incorrect. AL Int 81. COO, 600 Of tho UFown.
los bund+ hava been taken up and cancelled by tho
hn'c Of delinquent railroads. All that runatnn OF
tho debt was in existence before the War. The
6tate debt was s23. l05. ~ In October. 1861. Fonr
years inte:ert only has been pau ainceihc clone Of
Tho War. The debt was funded under Gov.
Erownlow, nnd unler Coy. brown In 1871. In
1Hg1 an daup OF ST. 600, 900 for the dofunso of tlu
Stale, md PAYABLE On condition OF t!,s success
Of Tho Con!sdcraey whs made, but has nc ver beuu
recognized.
TIE HAaIxNfcAN E1ronTB1H
epccia| journal tu rparcsent the ynat fn,o,.s,s
eonrrrncJ In I'M 1rowlnr rynoys tr,Io - .,,1.
conntrv Ina unneared in Nav Yort nn,t", 49,,
namo OF tho dmertean EJporfer. rha 6r.t n,,s
bct Is A Inu.,somo ua,cr of.twcpty '. Sour nnvc,
The contents comnr.c nuncr ~ yo,nah,a pasa W..
Lla' ufuee1' 1o"asu 1oans, Liner C!efk or The