The true Democrat., 1854-06-06
Money Matters.


 From the Boston Railway Times. of the l7th May, we copy the following:
 We are glad to be able to state that the mo- ney market is easier and that negotiable paper of first class is now doing at 9@1O f9 cent, while capital is accommodating in the hands of lenders The banks are discountng more li- berally, and we shall look forward with some considerable degree of faith for decidedly easier times in monetary matters. The London cor respondent of the New York Commercial Ad- vertiser, who is understood to be the able finan- clal editor of the London Daily Times, has a few words which will be interesting to our rea- ders, as follows:
 "The accounts brous sht by each steamer from New York, of increasing pressure in the money market, and declining prices for all descriptions of American securities, create constant surprise on this side. Looking at the large arrivals of gold lately reported from California, the &C., counts also of the productiveness of the mines this season, the long cessation of specie ship ments from New York to England, the unmiti- gated demand for breadstuffs on this side, the prospect of large trade from America in all those articles which can be used as substitutes for Russian produce, the certainty of increased employment for all neutral ships, and the total conviction that by no conceivable circumstances are the United States likely to be compromised in the contest the fact of each phase of the af- far producing almost more monetary alarm in America than in London is most singular. The only solution thus far offered for it, is the ex tent to which American securities are held in Europe, and the probability of their being re- turned for realization. But times of trouble here would seem to be those in which your stocks would be most sought for, and lattcrlv there has certainly been no evidence of any great quantity being sent back.''
 This Is common sense view of the case. and one which the facts justify. Another element of hope and strength is the position of the New York banks. The statement of the last week shows that the specie strength is increased near ly million, while the loans and discounts are half million less. The deposits continue to accumulate, and much more than the footings Of the columns indicate, as the clearing house returns show an average clearance of a million and three quarters per day in the exchanges. l he actual deposits are increased two millions at least. The banks are now in stronger po- sition than for long time. The specie reserve IS larger than since 10th December, and is three millions greater than in August when the weekly statements commenced, and when the
 
 And, our foreign trade now stands nearly S15.- 100000 more tavorably than it did at this time last year. Stocks have now an upward tenden- cy. The rate for sterling bills is 1O911 81O91I and rather quiet
 DIvIDENDs.-The Bartlet steam mills in Newburyport have declared mi-annual di vldend of E cent. The Mercantile Marine insurance company of Boston have declared a semi annual dividend of 4 i9 cent.
 DEBT OF GREAT BRITAIN.-The govern ment finances of Great Britain just now attract unusual attention. The gross public debt of the kingdom amounts to about S4,OOO,OOOOOO say four thousand millions dollars The con- sohdated three f2 cents, popularly known as British consols, amount to the vast sum of S2.- 47O,OOO,OOO or f494, ,O98, 574 srerling, and the miscellaneous debt, including 3L P cents South Sea stock, annuties, exchequer bills etc.. to about f3OO, 100000, or $1, ,5OO,OOOOOO addi- tlonal. The annual support of this debt re- qulres $l35,OOO,OOO, say one hundred and thir- ty-tive million dollars, being full one-half the gross expenditures of the kindom, on the peace establishment. The ordinary revenues of the kingdom amounted last year to S27O,OOO.OOO, or t54, ,O24, WO sterling, of which $1OO,OOO,- GOO or f2O6OO GOO sterling, was derived from customs, and $75OOO,OOO, or f15, 10000 from excise duties; leaving 94 100000 to be derived from taxes on property and income, stamps, post-otfice and miscellaneous sources. In the present year they are estimated at $283 100000. The revenues have been so prosperous of late years as to leave balance in the exchequer last of April of $39,OO0,OOO. This was reduced during the year in the sum of 25,OOO,OOO; but during the year there was reduction of the public debt to the amount of S4O,OOO,OOO. or f8,O48,OOO.