, 1857-12-04
Ahnnt ,ne Nn,Innnl rlnnne,.. Ia.
We find the following in the N. Y. Her

About the National Finance, dc.
We find the following in the n. Y. Her
aid of Oct. 20th
the reaction has commenced. II was very percepti-
BIZ in Wall street Thursday. Stocks advanced, and
the banks are in buoyant spirits. Flour also ad.
,auced-in fact, everything Is on the rise. There
has not a yet appeared any authentic announcement
from the Governor upon he application OF the banks
for an extra session o. the Legislature 1t is pretty
well understood, however, that he will not comply
with the request OF The @ukers, as it is considered
that the action OF the Sipreme Court Judges super
scdes the necessity Of any legislative Intervention.
There Is considerable discussion 10 the c0nsequen-
ces OF the suspension 10 the banks II is stated by
Albany paper that, by provision OF the bank law,
referred TO and recognized In the bonds and mortga-
ges deposited in the Banking Department securities
for the redemption OF bills, such mortgages become
due when the bank refuses 70 pay specie for its nos
Six millions of dollars secured by bond and mortgage
/ in the Bank Department became due and ccllectabe
Thursday. Suppose the bills Of the suspended banks
are sent IN the Department under protest aud these
six millions of bonds and m1r'gages-for which the
ISlperntendent can receive only spccie--are offered
for sale how far would the proceeds in the present
state Of Affairs, go towards redeemng the notes?'
"0n the 18th October, the receipts from customs
at the port Of New York only sl7 900, and they
were corespondingy low at the other seapos Of the
United States which have been heard from. Unless
then revival Of trade fakes place. there will be
in January next. revenue barely sufficient for the eco
| "The amount Of government stocks redeemed at
the Treasury In two days in October, was $4,000
The amount Of money subject to draft in the Treasury
Is $50 $50 reduction In one week Of upwards Of
/ 50 800 ,OO0 The receipts Of the week have been
about 1896 0oO."
Although we have ever been prone to
hope for the best, and dwell rather on the
bright than the gloomy side of a dark
picture, we confess that our citizens have
no little cause to be apprehensivO for the
authorizing of the payment of their war
claims against the government at the pres
ent session Of congress. A general paraly-
sis has seized upon importations, and, as a
consequence, the revenue at present flow
ing into the U. S. Treasury, is said to be
inadequate to the economical administra.
ton of the government in meeting current
expenses. 1t is intimated that the Presi
dent and his cabinet are no little perplexed
in the Inauguration Of measures to avert
the necessity OF loan, and to this end, it
will be observed elsewhere in to-day's pa
per, that the utmost economy in the public
expenditures will be enforced. That "rs
dHetiOns pM be made in Me army, nary, coas
surrey, light house, steamship 'errice, &c
This looks rather discournging, we admit
for the holders of our Territorial wal
scrip, but perhaps the present is but thai
dark hour that precedeth day. Besides
it is well known, aud universally admitted
that we have a delegate in Congress that
knows no such tOOrd as faa." That Gov
STEVENS will at once "buckle his armor on,
and enter upon the discharge Of his dut,
as delegate with redoubled energy and dc
termination for the securing of the paymen
of our war debt, in view of the possible 6
nancial embarrassment Of the governmen
we apprehend no one will question. Should
he fail, it will be with harness on, on hi
back"