New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1856-10-25

sssny.d - Il had done 90 6rmSr ceessicns TIC evh
vL,cb tbrs slsped 10 approach Is, snA dd p's cswee
,h,,e serious jsfurbsI 70 Isde which bad oeso op
pr.hepd,d Tie Bank Of alsishboring country, no1-
ynlss,dle the great amount Of credit which " cna,
ac,sr,,tic OF II, and lie legal currency Of ~ oank
Iots va, obi, I'd q. he prod 10 impose r-re
t;ops upau trade which in their effect, not 70 hsf
fcfm. were lar More flgufous 49, -,
"1he same ciTcums.aDce- which las. yca- cetor-
mined The Bank OF France 10 adopt sueh nT a - nov
c been rep ot Dced in The present year. he banA ha-
d., ued ,ef bound u observe ths aAIDe h1e Of Gu
duct and expect, from !. n" same r'raIt -
1T NAV b. said OF ,be Bank, 81 wei az o ered't,
,hn IL. III culti.s do DOT ars. from he iundaInDs "a
COZ ditop vi affair, bu. are caused by G Temporary
eXubsraTce. .
The eyuor,ation Of specie hns been spoken OF.
aucce,sioD Of bad hsrye.is, the purcha~e oil s'As
sb osd ard other less legItma'. causes, have douo'
-s had theIr influence the e1portabon OF our com
age; sllyer in particular, has become an obect oil q
II. fc which mak,s the puhhc uneasy, and Whch con
si,.s in teltctDg the finest pieces OF coin ana W.
drawing ID. m from tbe currency for their surplus 'aIle
Iii, practiae the tendency OF which IL de@-"y ,he
general equilibrium OF monetary system was nnoeF
lie old law regarded - an &C; OF deDas'uleI Vi 1o
ccia OF The Teslm and punl-heo WIN me s'eee' P'
allies Modern legislation cannot be pOwertss gums
,pch an sbuse when bas nothing in common with the
urdl.put,d ITincipIe of commercial liberty. Inc az
i,ntlon of your haesiys government 10 very properly
directed to This eVD.
Bat in looking at the question ID It's genera ana
y,
hsrs vel ich some entertain. When not withdrawing
The .yc.l ona needs OF which have just spoken TIE
sun total OF cur exports exceeds the sum o-i oi ouI
in 1.lts by an enoTuOus amount II ID 'mp-s'o. ,hat
n, balance which Is in our favor. sDd wnich since
1856 La amounted 10 800 600 W0f, should not nave
brought 10 "a against saee more specie usn mas
left Us for purchases 4 very RENAL ksoe iac. 80 btS
10 confirm this conclusion. According 10 onieiai Gus
tons ittrrns France has received III go' OF suseI
,Iee tie same opoch sC0COU0 t0f. moe than she has
,1ror-cd the first eight onbs OF The current year
n, ua ia ths total tor q bonus OF .3.oVO,DVi' No
doubt the declarations OF eIpoTtason nave soue'Hes
hcsn neon plete, but the same b, uue Oh nut" 1
" bat has h,cone of tbs money IL u not oet Sire
il il 10 the country il has penetrated by the Thousand
cfhrrels of c cuaton which almcnt the numerous es
lGblsl NJ, MS OF public works, manufactures agrcUf-
iure, and commerce; 1t has oeen meeting ue noH
wants which result from the develop nj OF social &C,
iiyiiy ard by is f.culdity il augmenb the gcueai
stock Of public wealth.
THE embarrassment now felt does not therefore,
arise from any fundamental vice, but from TRANSIENT
causes.
Tho situation OF the Treasury which Is an excel
lent ODE is q Les proof tbs.
III. FIST tc o loans have bee paid up md The pay
nenis Of tie last HLyh WILL suflcc 10 NqiNua'c ue
var. ale met with eNaCiitude.
The public revenues augment, a. have just SAID,
in ratio without pTec,d dent lac taxes are pad Win
tie most rare punc;pali.y and even IN advance Money
flows nto the public e1chcquer The payment oI Tie
dividend OF tie last Blk Months has i. Us with re-
serye of 10000 II must be EVIDENT "a every
Nan of s,rse that these are the evidences OF ashSi-
ton which s good at bottom.
For these reasons Sire, have thought fright, in
preralrg the bUoget of 1873 To lay a. c the p,ccu.
taiiups OF the moment and 70 take the natural and
horma movement vi the public fortune the basis OF
ny estimates.
Al .sme time beng DESTROYS CT limiting as for
IS57, the chances Of supplementary credits, have,
according 70 your hsje-Us orders, apprccia'ed tao
exl+udnre I'LL the u'mO,t possible exartitude, and
| tie receipts with the sIea'est moderation thus,
notwithstanding some improvements made ID the
situation OF the minor fuIctlOnslies. and the alb viaion
Of -ome fiscal burdens, may hope that the budget
| OF 1858 " III largely suffice for rs expenditure
" "IAmk PMtGNE."