The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-08-15

Many OF these quotations are merely nominal in the
absence Of operations. There has recently been very
little business done in State stocks, in fact in any
description Of stock security real fancy Even the
quotations for those in which ransac tons have been
made. indications Of their actual value invest
ments, either temporary permanent. Tho position of
public affairs at present Is such to preclude the posi-
bility Of obtaining prices for really good and sound
stocks their actual value and long there ex
lists that uncertainty and doubt in relation to the opera
ton of those measures affecting commercial sys-
TEN, and external affairs continue in their present
state cannot hope for expect any improvement in
prices in the demand for stocks for investment for
speculation.
Considerable anxiety exists in relation the course the
government will pursue in regulating its own financial
Affairs Several attempts made, before Congress
adjourned to compel the Secretary of the Treasury
report whether any treasury notes. under the law
had been issued, and there had been to what extent
I'D at vi hat rate of interest None of these attempts
WA successful and are, therefore, without any Off.
c;al !, 'ormston upon the subject We are, however,
inors, that the issue of treasury has taken
naca o,.h southwest, and that issue will be made
hare in 'ays is possible, however, that the bulk
of IN. n. ;. will first appear at tho south and west,
q. ,,.so be put into circulation upon ia.
vor.h, go, a.. a. 'overnment-that IL at less rate of
;r,er.,. ,h.r !, a.. No vth where there is much
demand for h.m We bs, no doubt however, but that
nearly the whole amount aut Nonaed VIII De issued az
nominal rate of interest Had oe independent treasury
bill gone into operation at once, We "s" issue u "e~
sury notes could have been made mo. sA'ny' ana
reduced Of interest," than they VIII DO now as
there would have been demand for them make ray
ments to the government at different points, where they
would otherwise be required in specie Even under ex
listing circumstances there very little doubt but that
they will obtain circulation, II they not forced OUT
by putting high rate of nterestas, in that case,
they would be sought after for Investment and
be locked up the vaults of capitalists, where they
would remain until called in by the for final
redemption fthese notes issued at nominal rate OF
interest they will be continually going into and out Of
the treasury they will be to the government what pa
per issues bank and will ebb and flow, so that
they will answer the purposes Of much larger amount
if that amount absorbed by capitalists and sailed
down An issue of ten millions of treasury notes. is
sued for investment upon proper principles would be
paid in and taken of the treasury several times in the
course of year. and would in his way be equal to an
issue of several times the amount made in such man.
ould make them desirable investments
Suppose issue of these notes Is made say for ten mil
lions of dollars the government gets the value Of these
notes the time of ssusthey pass into circulation and
sought after for emsnccs from pointto another,
for the purposes of trade and for the regulation Of
duusslts exchanges they also sought after Tor pay
ments due the and in this way get into the
hands Of the government when they will be again issued,
upon receiving again their value. There is no limit to
the amount this Of these notes would give the gov
eminent the power granted for re-issuing them, and
authority to keep at all times millions in circulation,
give facilities the treasury superior to any other sys
TEN.
We are anxious to these notes in the market as
their appearance would materially relieve all classes
from the endorsements with which they are now con-
tending The banks Of this city are waiting do
veopemen the part of the government in relation to
Its financial policy, before they define their own posi-
ton The government deposits in the banks Of this city
are rapidly dwinding away and is reported that one of
the deposit banks has refused TO receive any more de-
posits from the government This 10 undoubtedly true
and would be well for the Others having deposits now
to any extent place themselves in position to
drafts for them very short notice. The Secretary Of
the Treasury perfectly right In using up the surplus
revenue deposit in the different depostsries
throughout the country before he raises any moro by
Issuing treasury notes There millions deposit In
the banks not drawing fraction in the way OF interest
and there why this amount should remain
there and the expenditures Of the government be made
an treasury notes. drawing svens nominal rate Of inter