New-York daily tribune., 1861-08-22

The Mlroukee Sentis} says:
The quotations for exchange at the olose Of ast
week were y cent buying, and y cent sellsg,
rates having delned lSl4 cent since the close Of
ths previous week. IL was hy no means hro at tae
reduced price and further reduction was iooSed IoI
this week. Te premium FOR gold was nominaliy 20
81 q cent. Tbe supply Of Currency holds oo' 80 iaF
fully equal to- the demand.
The Chicago Tr,June remarks:
There il sili very active demand for currerey by
prodIos dealers, nnd under o1fed supply tbo ma +
ket for Eastern exchange is dali at par TO y cent
premium. Some Of the banks were drawing freely n
y c.Lt PREMIUM while Others were 50 bard r1i Tor
currency as to sell par. Amorg grai1 dealers there
rather more inquiry for gold end the rates we're
steady St al y cent premium.
And Tee Cincinnati Gazette Of the sane days
Money matters ooniiuue TO progress smootbly sDd
uuie;ly. Good paper is taken freely at 10 q cent,
with demand m excess Of tie Offering. Treasury
Notes have improved materially in value, with cor
responding change for the better in demaud 1here
were saes Saturday as high " apd9ti was refused
in many cases.
The ADdny J0uTHaiof last evening has the annexed
encouraging review of the improved position OF tho
canals Of this State during the present eeason:
The present Canal Beard entered upon ifs duties
Jan l. 1860. The cOniilion In whioa found tue
Canals ~ their revenues may be gathered from the
Annual Message. OF tho Governor Of the same date.
The receipt. frOm all longing 10 the Canal
Fund were insufficient by nely half million dollars,
to pay for repairs and maintenance OF The Canhs ana
the interest the Cana debt The figures were ihee;
The the canal debfof S26 COZ 633 B$l tOO W
Expenses, repairs oS'o'o ~
o. 2s1 g 9, 3,
Revenue from tolls Ge''''''''' -
n.e.,.,,v s4s7,s79 30
b1 taxation 10 addition 10 the Cann debt, the state
Owed 40 SO Geo on account Of the general fund,
auring an annual in'erst Of 500 coo, ana was "ith-
any source OF revenue, except taxation, 70 meet
either that ctage tho ordinary expenses Of admin
isrioB. At the sane tine The canals were unfinished
nDd required expenditure OF Sl,ojO,OOJ 10 eonpete
them. There seemed 10 be no scdpe IRON tiXhll2n,
severe and protmcted: and tiled ieuds OF our sys'em
of public works were well nigh discouraged, while the
epenaes OF them "tlauked God aud took courage.
E.pecaly the powerful and sleepess antagonist OF toe
canals ayGiled itself Of the gloomy character OF thls
financial exhibit, 10 give ore 10 s dispadge ment OF
tie publ works and again deided and cOne mued the
policy of comy letting them. The Legislature, elected
Ia ignorance OF actual de iency OF revenue and Of
oourse without any Instructions upon tue point ifom
their constituents adjourned after providing for tie
immediate wants of tie State aud for the completion
of the canals by the heaviest tax ever levied tue
people leaving il TO the Canal Board TO devfe policy
wi ch pight the State from perpetuating such
system.
10 this DUTY the Canal Board addressed itself by
reducing ,be expenditure on the hsnd aud ncreas
ing the revenue on the ether The effort TO reduce the
cost of maintenance aud repairs produced gratifying
reeults. -
Expense In 1889. sB9l818 20
same In 1890 'Gl................s.....' 76s'e 20
Annual saving. s............... el5c,9o2 ls
The expenses for the present year can now re esl'
mated only, bat there IL no reason TO suppose they
will exceed those Of 1860 6l To increase the rev.
eaue no means appeared 60 he expedient as an In
crease Of the lo The increase was denounced
by rome who dreaded It's effect upOn the tnnna2e OF
the canals by dveriRg taIsp from the canals
10 railroads. Tits opposition was reenforced by near
y the entire carrying interest Of the canale, which
maintained that its business would be olrcnmscribed
thereby The Board, however, perssted in discarding
the runous rates at which tie ols bad been plac
and upon several important articles OF transport il
posed moderately increased rate. Experience has
settled the question between tle Can& Board aud
such as dissented from its views The Auditors Re-
port made 10 the egisature in January Last, contains
this statements "On every class OF articles on which
the rates have been raised the toll receipts have in
cteased over 1887 The result Of the years business
was most satisfactory aud eOuraated with that oi the
iol received 10 1860 GGo-6......."....",","s3 So 10
Tolls ceiyed in Lf9Ssi' W
Increase In 2SS ess 20
Add amount saved in erpcn.cs itW ii
Instructed as well US encouraged by results like
these, the Board made some further notifications oi
the raies of toll lust Spring. Up to August the In
crease over the large receipts of 1850 is S23 O which
iustihes the belief that the whole Increase OF the
present year will be $500 600 over 1860 and
over 1859. Contrasting the close OF ieGl with the
orening OF 1862 it will lie seen that willie on January
|.
penses aud interest by the of sla,y79 81, they
win be able on January |, 1862, to pay, from the re"
cents of the year. all charges Tor expenses and ln-
terest and g. 10000 Of principal The hope may now
be reasonably ndnIgej, that, the policy established
by the present Boa be adhered to- rigid economy and
adeouste tollsthe day il no. distant when the canals
viii redeem the State from debt aud taxation.
We have received copy Of The NcV- Orleans Det!a
Of the l4th list Relative TO money and exchange
matters il remarks:
Money wss IN abundan. supply throughout, and was
freely offered 10 fayoIite borrowers, but the demand
on the part OF the latter class was restcted owing ~
the almost total suspension d general business, ana
capitalists appeared to bo indposed to enter INTO neso
tiaops oi any Kind that presaged even tTing oss 81
little strictly paper was taken dolly az II eli
| cent - month"; and sacond.c!ass names, based upon
| nnaoubted coateral were dealt In 10 limited ex
tent az 2G3 y cent y month, but slli lower gradt
signatures thOngh In ample supply, eouhi not nav,
been disposed Oi upon any terms whatever Az Bani
! the number of new diseoants even for Plantation DC
mands Was still further restricted ndonly partial re
newals were granted 20 regohr del.shoie. ~
| change has recently declined ahnos. beyond prees
dent, and yot operations hays cohtnsea nmiIeu y
both foreiga and domestic bils. Considerable acees
sions have been Inade 10 The supply Of STERLING an
lrapcs by ssceips iiom other sou'heTn States whlh
the demand hgs steadily ahated for oil descrTlon1
| and opeyati0ns hava compraod 10 round aneilnls q
| far as we have been advised. The disparity betWee
oank ra.es and stelling, and thoSe OF Iiyais o!6e
is exoeedngly striking, brt n explained BY tho q
sire CT the former TO bold on ~ their bsScts on u
other side,
aarksts-oAari krToST,s sss 81, n Sus i 1sss i
AsHEs-The uNirt 10 eac.i cal" 4 Pots 80 20 ha''"
| S5 81. The stoct Il ma'sg,ie. ,,5 ,,,el
COrTON-Tnr market e ig1n, wh goo R,'Si,a, n
fen lprcaso;s sales Of i1atiNs we fa''o A'''''''
CoSiThe supply of yoeis, lsrse and .ts deps'S s
4 aIrc. sale 1