New-York tribune. [volume] (New-York [N.Y.]) 1841-1842, 1841-06-04
T II E T R | B I n E.
NETWORK, FRIDAY MORNING. JUNE : 1871.
u For Foreign News zee first page.

argur,e-n, arans, National Bana but it
bea, direc,ly the ether -ay. Here vho probably
now charges per cent: on St Louis Louisville and on
New Orleans. offering TO eject Exchanges .; he can
have large and steady business assured nm Is rot ;h Il
perfect accordance with the reasoning 81 the friends e
Bank Fer instance. haze -ell on. Southern an
Western money which the course o; business
a, to IS per cent, discount ca-e nobody business
in particular to egualze Exchanges, ana i've hundred men
are engaged jealous competition 10 what IKE men,
guided by enc intelligent mind could do much better Tor
twentieth part The cost.
An but says an opponent these high OF Exchange
are caused by Suspension the South and prove nothing
with respect 10 National Bank. Yes, ir, they do We
are confident w, properly constituted National Ban
there would never have been general Suspension;
couden, ha, National Bank chartered 1887 would has
restored sound and uniform Currency, with equaed EN-
changes long ere h. But il; all this pass and still ther
cnn be M escaping from the that the Exchanges became
deranred and cgor5itant after tic Remorql Of b De-
pOstes jetore there any apprehension ina, HYecte
Payrucats rould no. 6c maintained.
We have sold the Nachez Mss Banks IN thi>
City "a; per cent. di-coun; while National Bank guided
the Exchanges and sho afterwards, when the Go
yeranen, Revenues and business had been transferred 20
Hose same Banks and while doubt OF their
entire sovcncy their appreciated in this market and
KEEP, depreciang until, before the Banks had suspended
Specie PAYMENT the sold here high 80 FER
cent and at la; could pot be sold all
Give u. a National Bunk and the SUSPENDED S,a,c- vii
be brough, Up to the Inc their duty within year after II
shall 70 into operation The this Is obvious The
Bank mus, itself maintain Specie Payments and transact al
its business on Specie basis All dealings, through is
Branches in the principal Commercial Cites be Of the
same cast Now siyc u Speciepayinr Branch Bank in
Baltimore, Mobile Louisville, Cincinnati and Nc~ Orleans
and al the Exchanges and Collections OF the importing Cities
would nfaiby he effected through thea The given
this way for goods SC would be made payable their
tiers Tho State Banks wind up in default
of Resumption the grass would GROW undi-tubed before
their doors. Ye, the Journal OF Commerce the ADVOCATE Of
RESUMPTION opposes the whi;h is the only hope
of eaec,;ng and maintaining Specie raymea; and usain-
,bat under which the LocoFoco Legislature OF Alabama haze
Just egalzed Suspension in that State to all eternity
The FINANCES or THE N.riox-We know that large
portion OF readers dislike and anxious
To regard their wishes far consistent with duty
Blu, tina, duty includes the exposure OF unt'~ insert,
cd in the neutral paper this city the prejudice Of h
Whis Cause Ought We to ;.o~ such do their deadly
appeared in the leading article Yesterday. Sun
rnen,ary on the Presidents Message:
The Treasury Is in much better condition than
were led to anticipate The whole deficiency which "l @
un.rovided for on the last Of September is estimated al
$42+j 600 The specific mode OF supplying this amount i
not suggested Ii viii doubte, be by loan or treasury
no,e.probaby the former although the amount j. rather
small to commence u funded national debt With Bessie,
TIE debt oush; receive permanent form hc' Should
G entirely discharged - possible.
Here the Sun distinctly and uFequvocal! repeats
that the whole deficiency the Treasury, the debt; which
will remain unpaid the last OF September Is only $3.50
600 and refer. 10 he Presidents Message authority for
the statement So confident and maiteroicur-e i the
ert;on hnt probably half readers undoubtedly be
heying that the legacy OK debt left by the late 20 tn
resen, Administration than :5cc0Oco. But ibere
any foundation or this in the Message in train MOI Il
particle The Treasury Notes outstanding (as viii b.
seen by the Secre,,rys monthly satemen) aors exceed
$S. 100000 Their ], de6cieac, the Post O-ice De
partmen Of $500 G00 ard similar deacieucie, ia other
branches OF the publ: service The President exprs-!
states tina, the probably deficiency the end q the
year (besie that in the Post otHce) : :i,4o6l32 %.
This sum Is and above the which vii be apiret
to satisfy any Appropriations nude oy The present Consr
except to- the War Department, Private claims tn
o. many millions la yany e;t5l;el e con of Censr
Tor years. though the Justice OF any then, lndoubtai
These have accumulated under orrr Administration
must be paid by Tie etual and hone; iadebteiae--
OF tn. Government on the 4;h March last must have eN
oeo8ed sl5OOO,ocO.
The Presiden, expressly stated that the sum ot SiS45ood
would probably he required, il addition to 's eurrn; F
sources OF the Government to disbursements up Il
the last of September including the redemption Q: that small
portion OF The outstanding Treasury Notes ~hie a! due q
the interim. To r7lb along small i viii o. He
ce.sary to issue sl,955oo q: Treasury Notes t-i,
those which will unpaid because No. due And vet
The SUM- with these ac, plainly staring in the fcc. de
neer,.sely the whole National Do; AZ le> IN
s5.o9Oooo
~ Mr.. JoKS McKsos !. ao~ figuring .; Washins;ou as
Member OF Coogres from TINS Ciiy and eaving .; tn IL
OF President Tyler while he holds on - the Office Of CoFIo
ration Attorney salar? 800 and picking THIS won't ="
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