Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1846-09-26
HAvANl MARxrr. Sep,enbe, /, Isae
Treasury Notes and Loans.
Correspondence Of the NauonalInieuigeneer.
NV YoRK- Sen,emb., % n

INV foRk, September ~, 1876.
1t is asserted by some who ought 10 know thar In, Sac.
Rotary Of tho Treasury lie about TO visit this city, having t,e
objects in view. First, 10 make some further arrangement,
in reference TO the warehouse bill, &c; secondly, aud main.
ly, 10 ascertain what can probably be done towards n loan
OF from nee 10 ten millions OF dollars. His arrival in thi.
city has been anticipated during the last ten or fifteen dsy,
Treasury notes are now freely paid into the custom house
Tor duties. The amount, however, is not large. The re-
eeipis during the last Eve days will not exceed eiob,, n
one hundred thousand dollars. One fact is already est,b-
lished by what has been done. II a merchant holds in on.
hand a Treasury note for five hundred dollars, and in the
other a city note for the like amount, he gets rid OF the
Treasury note first, either by paying it into the custom.
house himself, or by procuring some friend, who has duties
TO pay, TO do it for him. As soon as the Treasury pap,r
reaches any OF our principal cities Its circulation is at an
end. No man thinks OF holding IT. As a circulating me.
dunn, it has no confidence placed in il. Nor can il be made
to supply the place OF State bank paper, unless il draw, an
interest of from four 10 six per cent.
In regard TO a loan, every citizen has an opinion of hi,
own. Each one considers himself sufficiently well a-
qaain'ed with the financial affairs Of the country to decide
whether the present is or Is not the proper time to effect
Government loan. Now, / have, among others, INV opin.
ion and / hesitate not TO say, there is a preliminary Do.
litcal question for each man first to decide before he do
cides the financial question, and that is, are we to have a
continuation OF the Mexican war, or are we to have an ear.
ly peace1
No class Of men sooner take the scent than moneved
capitalists, when Government loans are under considera-
ton. When this war was declared the United States stock
was about twelve per cent. above par. IL is now about five
per cent. Ii we are TO have an immediate peace, and ca
pitalists are made sure Of II, the loan would probably he
I"F - At v" ~ 10 W ~ " NOUuDU-
ed, q loan Of rom hive TO ten millions OF dollars cannot be
negotiated in this city for any thing like par.
The Impression 10 very general that an early peace will
DC Obtained, through the mediation OF England, or other
wise. When We hear Of Mr.. Polk or any Of his confden.
ual advisers say they wish for a peace with Mexico. we
may safely rely upon their sincerity. They arc. each and
all oil them, most heartily sick Of this war, and | fear the
worst Is yet TO come. 1t has already become a wsr upon
the finances Of our country. There people will not NEE,
US in the field. They will hardly defend their strongest
posts. But they will fight US as the Spnniards fought Ma
polean. On the whole, believing as / do that the war will
be continued Tor some time, and knowing that in such nm
event the Government must Of necessity create twenty ar
thirty millions Of dollars in stock. my opinion is that the
sooner they negotiate for the ten millions The better il will
be for the tax payers.
What has become Of the Halls Of the Montezumas7-
Whittier have they fled ? We hear nothing from or abou,
them. When the declaration of war reached this CITY.
early IN May, we were told in Wall street by the echoes OF
the palace that our troops in ninety days would occupy The
temen, nor in nine months. We are now in the fifth month
OF the war. ] should rejoice TO know that in four months
more peace would be restored to our country.
a word for the benefit Of the Secretary Of the Treasury
Ii was whispered here that this Government had sent an
agent to England TO ascertain whether ten millions of dol.
lars could be obtained there for United States stock7 The
answer, u u said, was, not ds long az you haze q rem
dating STATE in The Union. I did not believe tho rumor
but IN tracing IL, | was shown a letter from the highest au
thoniy in answer to tho question whether such a loan could
be effected; that answer contained the following sentence
" Not aslong as you have a regulating State in the Union
IL ~ hardly necessary for pe TO add that the Secretary mus
not expect 10 borrow one dollar from England. notwitb.
standing his British tarf.
Col. Stevenson, IL IL said, has arranged his military
difficulties, and tho Caliiornia regiment will sail in a few
days. Two or three companies have embarked.