New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1861-08-06

being paid aud ones are being made to MI the
vacuum. very large amount Of giltedged paper
could be passed in Wall street at T. cent
The resources OF tie Treasury Department are brief
ly as follows:
naops circulation IN reuauryNote' Of IS so AID s2e
without iatetet pa'H'ein specie on doma1 g socI o Of
commercial cenrr', u ho secet NAY 0iec Oh tne a'e "
Treasury bills payable year sfe date and bearing 1862
cent dsy tie tlc, which msy bs converter
30 T. cent three year oils It tho option o ne holds
stoct. -.
c.ivsblo at al line. fsr Custom. ether gnBe dues
Treasury bills heag go per cent or cents 'ay On u
o. tor htre ysars lot converted Ia'S 40 yer CONT
Funded Soc; Of Fedeal or Sterling denomins io, Jeaing
incest twenty yesrs 70 rGa ii,rd no les tisa
pir Of Funded stock be arpg twenty yesrs 20 an
vi on tee ar value beg the equivalent Of PEI cent
twenty year stock AZ par value.
We fear the limit of Iar for seven per cent stock
will defeat the issue Of that eecuIy, and may, in some
crisis. seriously embarrass the negotiations Of the
Secretary lie can, however his other f4ciiitles
until the meeting of the next Congress- and then, II
necessary the restriction be removed. The Treas
ury Notes Of S. SO, aud so payable eDand and
hearing no int cot will circulate freely in the avenues
of trade, and will ina measure take the place OF bank
notes. They will be largely uset in exchange
dealings with different parts Of the country and being
at par eyerywhere, will be very useful for travellers
very large amount Will doubtless be kept aioat
without cos. for interest 10 the Government. THIS
feature of the Loan bill originated in the ilnancn
,cheue of Mr. John Thompson, communicated TO the
Secretary Of the Treasury, and which, at the
time, We published in full. The 800
uer cent Eotes cannot be mado available
10 any extent The interest is too low TO attract IN
,os,o, xcep,n, in ANAL amounts aud six per cents
can be bought III the open market on much better
terms The 100 per cent noes should be taken freely
by our institutions and capitalists, aordlng per-
fecty safe investment at In unusually high rate Of
interest. As yet however, they 20 very slowly. We
think all the Treasury Notes in the bill are receivable
for public dues even those bearing 100 per cent inter-
est, which has been questioned in some qnaiters. A
section Of the bill applies all the provisions OF the
Treasury-Noe act Of 1851 TO this BILL if not conia
dlctory aud the act of 1857 makes notes receivable
for public dues The section which practically abo-
isbes the SnL-Treasury system ia as follows;
The proceed. e the Dcp instead Of b'hg nuediMey lsu
into Treasury IN sold AID silver IS new Iequ 20 ,ag
d.rvd fom may resin solvent banks until shA
be dawn QUE ~ Pursuance Of law
The Bank Statement shows further contraction OF
loans. This comes paItly from mauriiiee 81 mercan
tile paper and partly from sales of Government S-cu
rites by some OF the banks. The SuD-Trasury move
ments Of the past weeks have reduced he avers2e
Of the specie line somewhat but the California ARRIVAL
brings il up again. There lie small increase Of clrcu'
laon, which Is usual at quarter day. The decrease IN
Deposits is the natural result Of the decline in Loans
aud Specie.
Tie f. owing il comparative statement Of the con-
dilion Of the Banks of NeU-York City, July q ard
Augu,t 8;