The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-08-07

loans and discounts, an increase Of. 81 034 IT'S
epossss, "a .ncreess o.. ...".......".i SSs 2os
Circulation, decrease d.................. 233 eos
The movement at corresponding dates in each Of
the past three years has been a. follows
A.. 20 .o1 Ie ssn s e., Grensa.r p s e:
Aug '56 400 lls,Se0 l62ss,a5s 7ei2oOs sa,27oseo
The variation in the banking movement last week
was much greater than anticipated, and we have
come TO the conclusion that It Is best not
to form any anticipations regarding the do
ings Of these institutions II Is impossible TO form
any kind Of an opinion relative to their operations
They have no regular consistent course Of action.
The first time within the history of banking In this
city, the regular line Of discounts averaged more
than one hundred millions during the week ending
August 4, with specie basis smaller than when tho
loans were five millions less. Now that they have
passed the point, the banks may feel that further
imitation would not be any more dangerous, and We
should not be surprised to see considerable add
ton to the enormous aggregate just reported. The
specie department has been reduced more than half
million, but supplies are near at hand that will
bring the total up again. The Northern Light has
freight of nearly million of dollars, and the Panama
steamer win be along in q few days with another
million or so. These remittanccs, with what the
passengers have and drafts on the government, will
bring the total up to nearly two and half millions
The shipment by the Atlantic on Wednesday
viii not be large From present appearances it will
be less than one million of dollars. The prospect
therefore, is decidedly in favor of rapid accumula
ton of specie from our California receipts favor
able feature in the last bank returns is the increase
Of deposits.
nt.n 80 So Aoosrn If
ting rid Of portion Of the surplus revenue. The
government deposits continue large, and now that
our importations have run up to about the figures
for the same time last year, the accumulation is
likely to be rapid. The Secretary has therefore
adopted again his absurd system Of fixing price
at which he will buy United States stocks Of certain
issues. Instead of coming into market as the gov
eminent Of Great Britain does, and buying up
stocks to the amount wanted at tho market price.
he deems it best to establish his own prices. and If
holders will not sell at these rates. the money must
remain idle in the Treasury The following circular
tells the story
TREASURY DEPARTMENT, Aug ., 1865
Notice is hereby given to holders Of stock OF the loan
authorized by the act Of 1s4e redcemable and after
the 18th November 1885, that the whole any part OF
that stock will be purchased by this department at any
time previous TO the goth November next for which
per cent premium will be paid in addition to the sums
expressed In the certificates.
And to the holders of the stocks Of the other loans Of
the United States that purchases Of the TO the
amount Of 81 600 will also be made during the
period at the following rates.
For stock Of the loan 1872 premium Of 10 per cent
for stock Of the loans Of 18s7 and 184S, premium Of 10
per cent and for stock issued under the act Of 1850
monty called Texas indemnity stock, premium Of per
cent.
Interest will also be allowed at the rate stipulated in
the certificates from the first July last to the day o act
Element here with day in addition, TO enable the
Treasures draft TO reach the party.
Certificates transmitted To this department under the
present notice should be duly assigned to the United
States by the party entitled to receive the purchase
Payment for these stocks will be made by drafts upon
the Assistant Treasures at Boston, New York Pha-
dephia the parties entitled TO receive the money
direct