New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1861-06-18

Aswe stated some tne since, the interest on the
debt of St. Louis County will be promptly paid, the
whole amount needed, $4,000, having been placed in
this city.
The Secretary of the Treasury lie busily engaged IN
considering the financial wants Of the country and the
proper measures to be adopted to meet them. lie mas
received many suggestions FROM and held full consuta'
tons with leading men from all parts Ut the North
connected with our interests, and we have no
doubt that hs budget the Congress about to meet az
Washington will embrace the bestdigesed and wisest
proyisions for meeting the immense financial wants OF
the country that could be devised. Amopgtie schemes
which have been submitted is the following, from Mr.
John Thompson of this city. Mr.. Thompson has had
great experience in moneyed transactions, and his
opinions are entitled TO weight:
To he Pr..i5ent ofne United Stat",
Sir: II appears to me that the Government finances
can be very ad antageousy aided and the people ben
Gifted at the time, by adopting y stem OF Gov
eminent currency, the outlines only OF which VIII
delineate in this communication .
Congress to emDoweBtne appointment Oh Doaru VI
Currency Commissioners, who can act independently
or in conjunction with the Secretary OF the treasury
This board 10 have power to execute circulating
notes in convenient denominations, mace redeetuapie
on demand in the Clty OF NeS-lofk, anu reVeN"o'e
The board TO receive from the Treasury, say 25 y
cent spsce and 1J cent Unied States sto or bonds
and rass over to the Treasury circulating notes to
corresponding amount. ,o
This currency TO be the 6isbursing money for Gov
eminent purposes, instead OF gold
The Commissioners taen 10 execute an ADDITIONAL
amount of circulating notes sufficient to be at all times
prepared to give TO tie public such notes IN exchange
Tor silver and gold 49,.
To exempIfy: The commissioners wonldissue 4,OOO,-
600 of notes TO be disburcd by the Secretary Of the
Treasury and receive from hun, for their redemption,
1850 600 of specie and 100000 of United States
Stocks and to the publcgve notes for specie, dollar
tor dollar only.
In addition to the ordinary circulating notes, the
Commissioners TO have power, by advice and consent
Of the President TO issue, in exchange for specie notes
bearing interest and payable only at the expiration OF
80 days notice from the holder.
Should specie accumulate 10 that the proportion
would be more than % per cent on all outstanding
notes then tie Government may furnish Stock or Bonds
only in exchange for circulating notes, 90 that TIE per
centage of specie to circulation shall not be less than
% per cent; but should the spec diminish TO the dan
ger of prompt specie redemption then the Secretary
of the Treasury to put portion OF the stock held oy
the Commissioners, the MARKET to repienish the
| specie reserve.
Il is my opinion that during the war, and while the
Government disbursements SO enormous and while
Individual and Bank credits impaired, this measure
will 1--WE the Government from 50 to 20 millions, and
save forcing upon the market equal OF loans
bQs shoqld the YepMs 81 THE currency 10 susAipsa