The scarcity of money is frightful. As much as a hundred per cent., to
be paid in advance, has been asked upon bills; but we have not yet heard
of any one having given it. There was an immense run for gold, but no
one got any, and the whole of the transactions of the day were done in
copper. An influential party created some sensation by coming into the
market late in the afternoon, just before the close of business, with
half-a-crown; but it was found, on inquiry, to be a bad one. It is
expected that if the dearth of money continues another week, buttons
must be resorted to. A party, whose transactions are known to be large,
succeeded in settling his account with the bulls, by means of
postage-stamps; an arrangement of which the bears will probably take
advantage.
A large capitalist in the course of the day attempted to change the
direction things had taken, by throwing an immense quantity of paper
into the market; but as no one seemed disposed to have anything to do
with it, it blew over.
The parties to the Dutch loan are much irritated at being asked to take
their dividends in butter; but, after the insane attempt to get rid of
the Spanish arrears by cigars, which, it is well known, ended in smoke,
we do not think the Dutch project will be proceeded with.
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"LETTERS OF CREDIT."--I.O.U.
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CAPITAL PUNISHMENT.--Stopping in London in August.
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