New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-11-17

The advCes by tho St Iouis are that business 10 du
atSan francisco. TIE demand for goods from the in
terror is light and there is no disposition to speculate.
In regard to the money market Tie Shipping Last
says:
had anticipated but it would have been very much larger Il 1t
had sppened tt Government bus. 70 the extern Of hl
Million had been sod 10 bankers which they enabled 70
remit in the place OF gold We look to 'no;her large shp
en on T5s'ds, shSush the amount o. oSd .OS the
The superintendent Of the Mat gives notice tht that
Of % Consr and Meter and Rehner As there an abun.
down from the mines needed to make bars for pmeut no
neon,epence appehenaed hO the suspension operations
Bsls already active demand aad scarce 600 Fac sol
The frsIket Is again bare of Mexican dOars $4,000 were
S MAJ few Ssyi .ISs q e eSfi
Money in bu: modeTse demand yet for this ma-rate'
rity long time capital is seeking insestUeat at II q cent
stocks little has been done city audited accounts which
ore ecsysoe N part payment for taxes are selling readily to-
War Bonds q cents, since January 81. 80 IS
San Francisco Bonds 10 = SoO
ssT fIsnS:So conS :;
San Francisco S Coz oers Warrant: (IeeetedI. l Is
Sacramento County Bonds 10 y IS 80
From The London Time, Noe s.
This being the day for the half yearly balance at the
Bank Of England, the transfer Offices closed aud
There were, consequently no regular transactions in
the public funds, but on Change COnsols, which left
oil on Saturday at 500, were non inaly quoted S9 to
80 for money, and there were buyers at 80 at the
close. The besviness was attributable to the news
flon America, showing that the recovery described
by the previous mail had been only partially main
tanned
In the discount market day the demand rather
kss uressirg and in some cases choice bills were ne
gotiated al fraction below the bank minimum. The
payments falling due on the 18th are not unusually
large and in London there il every appearance mat
they will be well met.
The Com market was quiet this morning at the rates
Of Mordsy last.
The final price Of the French Three y Cents on the
Paris Bourse this evening OF. for money and the
present account, showing decline OF an The ap-
poaoh of the settlement has caused full demand for
loans, and applications have been numerous at the
Bank Of France.
The drain Of gold to the continent continues and
about { 40, 600 was withdrawn from the Bank 20 day.
The precise amount OF specie to be shipped for the
Eas. by the Pennsular ard Oriental steamer Rpon on
the 4th is E956, 8i6.
Some acce p,ances were returned this afternoon Of
Messrs. r. Wilson, Hallett & Co. of Liverpool the
correspor dents Of Messrs. Robb, Halett q Go. OF
New-YoIk The engagements OF the firm are beiieved
to be large but it IS hoped such difficulties as have
The private letters from &ewYOrk do not describe
any material variation, but they reach only TO the 10Th
Of October while the accounts by telegraph via Hall.
fsY are to the 22d and report decline in all sorts OF
securities. This adverse movement appears TO have
beer caused ty the arrival Of the Europa which left
Lyerpoo on the 10th Of October with the news OF ths
first adv ance in the Bank Of Eogand rate of discount
which occurred or the Stb, and was from % &c y
cent The further advance to 7 = cent would be ar-
nounced by the next psckets-the Baltic and tins
Persia; but these took out E3l3OOO IN gold, VIII
probably be fouEd they have assisted to restore CONT
dence. The disappointment with regard to the
Iapidity of the anticipated rebound seems to have
arisen from the conduct of the bsnks who in resort
ing 10 susper sion have withheld of the chief bene
fts looked for from it-nsmely, partial restoration
Of the oe circulation, which 10 their efforts TO save
Themselves they had contracted to an smouat far ba
low the requirements OF the country for It's internal
trade Hence the only advantage at present felt WAS
from the arrangement entered into by al the banks
throughout the ate to receive each others notes at
par subject to the regulations Of the Clearing Houe.
This. however, was an immense gaiu since it would
ens bic pro luce to be sent and remancss to be made
from point to point. The fear which has restrained
the banks from granting Increased accommodation
seems 10 have been from the absence Of any power
on the part Of the Governor the Legislature Of the
State 10 leg aze their continued suspension. The peo
pie Of New Yo,k, when they agreed to the amended
Constitution Of 1916 wanted confidence apparently 10
their own financial sobIiety and tied themselves down
BY clause which now, at a time OF emergency, de-
piiyes them OF independent action This clause Wa,
that the Legislature should not sanction, either directly
or Indirectly, urcer any circumstances, q suspension
of specie payments A more dangerous proyisO could
rot have be. framed. Any country that permits q
power Of making il legal tender whenever e1traordi-
nary crcuu stances may seem to call for such meas
ure, must always be in q condition OF peril During
the FreLch Revolution Of 1913 the exercise OF this
power by the Government ths; avertsd fnsncal con-
vulsioI and in cases ~ panic il must ever con-
situte the cole safeguard of the community. Unless
backs sre sUpposes 70 Nck up ~ tasv eus's~e"