Silver In Illinois

The Illinois Legislature has passed a bilí making the silver coin of the United States a legal tender to any amount in the payrnent of debts in the State of Illinois. The bill takes effect on the lst of July next. The effect of the passage of this act remains to be seen. The silver coinage of the United States is á dime, quarter, half -dollar, and trade dollar. The trade dollar is not a legal tender, under existing laws, for any amount, while the other coins are legal tenders in sums of $5. This law will give the wholo silver coinage of the United States a market in Illinois Tvhich it has not in any other State. Under the ordiuary rules of trade, silver, having a greater money value in that State than elsewhere, oughtto flow there. In California, silver is so abundant that silver coin is sold at a discount, and Illinois now opens a new market for that surplus silver, making it a legal tender equal to greenbacks and to gold. The Oalifornians are troubled with a plethora of money. The banking capital of San Francisco is thrce times as great as that of Chicago, and yet its business transactions, as shown by the Cleaiïng-House reports, do not equal one-half of those of Chicago. The faet is that the capital there, being in metal, fnr exceeds thé demand, though all kinds of property are inüated. Tlie action of the Illinois Legislature therefore opens to this snperabundsnt store of metal, especially of silver, an oijportunity such as is oiVered nowliere olse.-