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3PIu.b,0l.dc lr* 41P. bM. G. W. McORANII, Editor. MONROE, LA., DECEMBER 20,1870. Talk on 'Change. We find the following article in Sat urday's New Orleans Commercial Bul etin : There is nothing special to note in reviewing the business of the week, ex cept that cotton continues to come in freely, and exports have been corres pondingly large, and in consequence thereof, there is a decided relaxation in the money market, which is now espy for all parties engaged in legitimate business, who do not venture in specu lative transactions. The announce ment that the Radical caucus at Wash ington have ," agreed to disagree," on the subject of the currency, and let the question lie over until the next session at least, has abated apprehensions aris ing from anticipated meddling with monetary matters by Congress. Both lenders and borrowers have a clearer perception, therefire, of what their re lations will be for another year, that is, so far as their relations, can be affected by legislation. There is,. however, a feeling of distrust as to a future, neither very near nor very distant, that pre vents contracts on long time. This distrust arises from financial condition of the country-a superabundance of paper issues and a steady outflow of specie-and it will continue to affect business until the cause shall have ceased to exist. In speculating upon the probable duration of the war, we see no reason to change the belief we expressed weeks ago, that it will be a protracted struggle. Some of our co temporaries, here and elsewhere, at taching, as we think, too much conse quepce to the eall o, ParL.which has already held out longer than was ex pected, and may yet be defended longer than hopes that have seemed over-san guine anticipated, have decided that peace must be the immediate result of its surrender. The energy of the French government, unity of the peo ple and the intrepidity with which the raw levies composing their armies con front the victorious veterans of the in vader are scarcely paralelled in history, in so brief a time after overwhelming disasters, and neither the spirit nor temper exhibited by the nation war rants the conclusion that the loss of a city which cantains only abont a thir tieth part of the population of the Re public and is not indispensable for war supplies must end their efforts. A blockade of their ports would be an in comparably greater aggravation of the situation. It seems to be settled that England will not be drawn into a con flict with Russia; Russia, if all signs do not fall, will soon be marching into Turkey; Austria, having no money but irredeemable paper, is impotent for war, and Italy and Spain are paralysed by domestic discord. This condition of affairs lasting, Germany and France will have it out single-handed, and the man who hazards a prediction as to when a life and death struggle between two such peoples will end, or what the issue will be, has a faith in his prophet ic powers that would justify him in be coming a professional fortune teller. We think our cotemporary is mista ken in maintaining that the superabun dance of paper issues is influencing bus iness injuriously. The Treasury state ments show that there isa constant and heavy decrease going on in the volume of currrency in circulation. The plain demands of business are suffering on account of the inadequacy of our circu lating medium, and it is to this cause, not to a superabundance, we would ascribe the effect mentioned by the Bulletin. Other causes, of course, combine to produce a low cotton market, the prin cipal cause being the war now going on in France,the duration of which is only conjectural, and, therefore, preventing all speculative demand for our staple. Blut the depression which exists at trade centers, we do not think will be felt very long in the interior. The crop this year has been grown mainly ",on shares." The laborer will divide losses with the planter, and thus, while the profts may not reach by one-third what the plaxnter estimated for, still the loss in depreciated value will not be felt so sensibly as if he alone bore the expenses and losses of the crop. Money may not be so abundant as last year, but the financial condition of the coun try we regard as sound aid vigorous. TELEGRAPHIC. [Special to the Daily Telegraph.] WAMlIGTON. WASHINGTON, Dec. 19.--House. The Military committee disagree to Senate bill extending the time for re ducing the army. Among the bills introduced and re ferred are the following: Regulating the compensation in contested elec tions; incorporating Southern Express Company; amending the bankrupt law; preventing corruption in Congressional elections; enforcing the rights of citi zenship in the several States; author. izing one-cent postal cards; placing tea and coffee on free lists; appointing a commission on claims of loyal citizens for damages during the rebellion; pro viding that accounts and claims ad Justed by the proper Treasury officers shall not be opened except by law, and limiting the time for the presentation of claims and accounts; making the is sues of gold bank notes receivable for customs. Senate.-House bill regulating the classification of sugar by striking out the words ,"raw or Muscovado" from act of last session was briefly considered. Bills were introduced to admit Colo rado as a State, and incorporating the Red River Raft Company; providing for the removal of the raft by private enterprise-the corporators to be reim bursed by tolls. WASHINGTON, Dec. 19.-The follow ing is the estimated yield per acre and total yield in bales of the following States: North Carolina, 175 lbs., 170,000 bales; South Carolina, 170 lbs., 220,000 bales; Georgia, 173 lbs., 490,000 bales; Florida, 1651bs., 50,000bales; Alabama, 165 lbs., 610,000 bales; Louisiana, 260 lbs., 495,000 bales; Texas, 240 lbs., 465, 000 bales; Arkansas, 245 lbs., 375,000 bales; Tennessee, 190 lbs., 215,000 bales; other States, 170 lbs., 80,000 bales. The crop is within eighteen per cent. of that of 1869. The report says the Sea Island lands are now mainly occupied by freedmen, who are not progressive and scarcely industrious enough to work. The Associated Press is authorized and requested by Hon. L. A. Sheldon of La., and Hon. D. W. Voorhees of Ind., attorneys for Perry Fuller in the prosecutions against him as late collec tor of customs at New Orleans, to state that the arrangement with Capt. Long, late Dist. Att'y of La., and nbw de ceased, was that none ofthecasesshould be called until January; that MaJ. Ful ler has never for a moment entertained a thought of failing to appear when re quested, and that he will do so n'ow as soon as he is able. He has been lying very dangerously ill in this city for two weeks past, but is now thonght to be improving. WASHINGTON, Dec. 19.-Drake took the iron clad oath and assumed Chief Justiceship of the court of claims. This is the only court which exacts this oath. The judiciary committee have agreed to report to theSenate a bill for the relief of purchasers of lands sold for direct taxes in the South. The agricultural report estimates the cotton crop at three million eight hun dired thousand bales. NBW i YOK: NEW YoBji, Dec. 19.-Several hun dred breakmen of the Erie Railroad struck; alleging that 't is simply impossible to sustain life on less than two dollars a day. The strikers carried away the coupling pins from Hornetsville. Hundreds of freight cars are blocked up, and the stock are dying on them. Matters were so threatening yesterday that Steuben & Co. swore in, as deputies, one half of the male popu lation. Subsequently order was restor ed, a regiment of militia being called out. Passenger trains are unmolested, but the freight trains are completely blocked up. Advices from San Domingo to the 9th announce the safety of the United States vessels after the terrible gales. Cabrial insurrection backed by Haytiens was assuming formidable proportions. Not withstanding the interruption of two English cables, the accumulated dis patches were all transmitted and clear for the first time in two weeks. FORUIGN INTELLIGENOC. BORDEAUX, Dec. 19.-The whole of Brittany is greatly excited; the people are all taklng.up arms, and the troops going forward nearly close the roads to the public. LONDON, Dec. 19.-News is received from Paris stating that provisions are plentiful-enough to last three months. Great confidence is felt in future success. Large open air meetings were held in Trafalgar square, and speeches and resolutions made sympathizing with France. The Germans have invested Langres. Deserters from Paris are numerous, but are all repulsed at Versailles. The Baden chamber has created a fur ther credit for the prosecution of war. The King of Bavaria announces his concurrence with all the German Princes and free towns in bestowing the impe rial crown upon the King of Prussia. ST. PETERSBURG, Dec. 19.-The Czar severely reprimanded the corporation of Moscow for petitioning in behalf of the free press, religious toleration and other reforms. BORDEAUX, Dec. 19.-Some journal asserts that there has been trouble in Paris, but semi official advices state that Paris was quiet and animated with the sentiment of common defense. Reports from the forces in the north and east are good for France. There is some excitement here over the promulgation of false news and forged signature of Gambetta, the pur pose being apparently to cause reaction by the dissemination of news unfavora ble to the French. Dispatches of this sort purporting to come from Havre have appeared sim ultaneously in parts of France. Itfwas soon discovered, however, to be a Prus sian device. It is noticeable that opposition journ als are more violent toPrussia than ever. MARltT REPORTS. NEw ORLEANS, Dec. 19.--Departed- Steamers Gov. Allen and Ruth for the Ouachita. Flour-supr. $5.25; double ex. $5.65; treble ex. 5.75@6.00. Corn-dull; white 65; yellow68@70. Oate--52@53. Bran--firm; 1.10. Hay-prime 28.00 per cwt. Pork-dull; mess $21.50. Bacon-shoulders 141; clear sidles 15.. Hams-sugar cured 19 to 231. Lard-tierce dull 12; keg scarce 141@ 14t. Sugar-prime 9'@10). Molasses-prime 54(-i55. Whiskey-scarce, 971(1.05. Coffee-prime 17l@17. Cattle--Texas beeves, first quality, $40@45; Second quality $2o6,35. Sheep -flrst quality, $567; second quality, 83@4. Yearlings $8 12. Calves $iw10. Cotton-firm; sales 7750 bales. Good ordinary 13, . 13q; low middling 14 14; middling l4@14g. Recpts. 10,511 bales. Exports to foreign ports 8437 bales; coastwise 2483. Sterling;201 sight } discount. Gold 110O110o. NEW YORK, Dec. 19, p. m.-Money 6@7. Exchange quiet, 9@9i. Gold 1101@110t. Governments firm and ad vanced 1@J. Bonds, '62's, 71. South ern securities very dull. Cotton active and strong; sales 7487 bales at 151. NOON DISPATCHES: Latest Iat.lligence ! LIVERPOOL, Dec. 19, P. D.-Cotton steady. Uplands 81d; Orleans 8id@8 . Sales 1200 bales. NEW YORK, Dec. 20.-The brake men's strike on the Erie Railroad is virtually ended. Freight is coming forward rapidly. CINCINNATI, Dec. 20.-Gas meters exploded; heard several miles. Eight immense columns supporting gas holders prostrated. Loss $100,000. No lives lost. T. LOUIs, Dec. 20.-J. T. Jewett ap pointed Drake's successor. Snow fell one foot deep. LONDON, Dec. 19, p. m.-A special from Berlin says that the conference of representatives of the Neutral Powers agreed to the following peace basis: 1st. Acquiescence in the annexation of Luxemburg. 2d. Recognition of the German Em pire. 3d. Indemnity from France to Ger many of twelve hundred million francs. 4th. Rasing of two fortresses on the German frontier, and cession of a por tion of Alsace. BORDEAUX, Dec. 19.-The govern ment announced that the enemy had discontinued to advance upon Havre. The Prussians, 21,000 strong and 11 batteries, attacked Nuits and captured it after five hours fighting and heavy loss. It is expected that the battle will be resumed to-day. The Prussians attacked Gen. Chansey and were repulsed. The enemy falls back as Bourbaki advances. The French reoccupy Verson. PARIs, Dec. 17.--Official advices are received. The city is calm and the people confident. They have food for a long time. The army and people are eager for a fight. The government had dispatches from Gambetta to the 12th. BERLIN, Dec. 20.-The Gazette re iterates that the difficulties of trans porting material and heavy guns will soon be overcome, and that further ac tion regarding bombardment will be guided altogether by military consid erations. LoDOxN, Dec. 20.-The Telegraph has a special from Brussels saying that the late heavy calls for Landwehr de note weakness in the besieging force, and its operations are more defensive than offensive. One or two sorties like that of last night, and the siege of Paris will be raised. LONDON, Dec. 20.--Later advices from Paris state that there has been no fighting around that city since the lst of December. Prince William of Baden was wounld ed in the capture of Voits. John Bright has resigned the Presi dency of the Board of Trade. LIVERPOOL, Dec. 20.--Cotton openedl steady; Uplands 8d., Orleans 868cid. NEW YoRK, Dec. 20.-Cotton in good demand and higher; Uplmnds I5, Or leans 16, for compressedl. Sales :p1,0 bales. Stocks quiet. Gohl llo, 4i. The Finance committee rel)orted in fi vor of five hundred million additionl 5 per et. bonds, and advers~ely to the proposition making the issue of gold bank notes receivale for customs.