New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1861-10-10

There was bank panic at 81. Louis on Monday.
The Union Bank failed, and the merchants had con-
cIuded TO follow the example Of Chicago in wPing
out all deprecated currency.
The Cincinnati Gazette Of the 9Th Gays:
Currency continue, Ia good supply and the money market
10 es,J, secspsbe paper gons readily at 6i7 cent ne
bad good effect and the remainder Of the sAo
go dos here 80 be Paid ovsr 20 oon'r ctor' the rr.he.
ske well Banter entire eouhde C. 10 tbou aud
they are prsecd 20 ether currency Ga saturday ana 70
day considerable were taken into he Interior 70 psy or
cattle, produce &c AID pre, s2on farmers WI be 10 poe.
much security II their means were gold essr1 There
fair for oIchsnse today aud bsisnce, b. 90
:, 80 - a. son. c,se 80. premium W A. alloN ed The
selling rate premium Ooid wa IN limited reqge't only
Bridgeport, Conn, has subscribed $g9 900 for the
National loan Nearly $4,000 has been subscribed
to the loan in Stamford, mostly in large amounts. In
Fall River Mass, the banks have taken 100000,
and the popular subscriptions amount TO $4,000
more.
The Boston Post, in lie weekly financial review,
save Of The new loan:
The banks ought TO tale tho third "hny millions" Of the
loan secur the Interest from the pv'eni ee aud
9Th .. p Hs.d &C. 90 sss h ,, .S SsIi
readily bring TO 10 cent advADo n could no, be bad or
less. I'd men Of iePsed iaegenoe az no, slow them
eye. be frightened n rIpIct!zon OF the facts %
the Under cifcgmssi tee Uried States '.ues
~ one thou.ad mious hoy would have more wealth ssd
energy behind them than any other puno dsb 10 the world
Let the ban thea, be wise enough buy the emrnns
City millions par they ill MAKE money by setting
interest usDey that cannot TO called tor BY tho sa;afr Of
things for tIty days nj they Will make money BY chAfgr
premium 10 Europe TOT I-cutity -hich richly worth IL
aud which viii quietly biE IT, when not ohoted ., par
fOeighe " tben Iebtos a. 10 Ito tee
and surprising usiis.
one elect u n. new loan hinf vii be 10 practically
advance the legal interest 10 ce' TO t' own andd a,
least until . considerable Sdvsuo- Already th-re 10
dish nstion ake collateral loans excerpt a. high rates,
cousdeiing tho notion Oi the general market Business
paper 81 Od quality ,csosnois trade than usual
ioE cab and consequently floating cfect L. sbuuist But
for time " CONE A. seems ~ Us Government secur'
ties will be leading element Of bsk loans aud hfst
will oss their prestige With bsnk unless
they be had 10 that paid By the Ma
tUnal loan Inferior and cOzsra loans viii be strictly
scruuzed the long effect Of this cannot but DO
exceedingly beneficial 10 The Gody mercantile.
The Jest authorities in England aud France put
down the deficit In their respective crope ~ DO such,
that the former must import "a 900 OO and the latter
ST. 900 900 bushels of gran 10 have supply equal TO
ordinary consumption This lie at the rate Of nearly
5000, 900 bushels weekly up to tho year ending
August 81, 1862. The United States is looked to, 10
make up the greatest part Of thsdeGci Their crops
would enable them TO do much towards this, were
not the movement Of these 10 be checked by the
closing Of navigation on the great canal and the
lakes. Enormous amounts, however, Will come for
ward before the winter Gets in while the railroads
will be actively employed for the whole season. The
ability 10 supply the demand ia really only
matter Of price, With rates sufficiently remuneral-
ing almost the entire crop may be moved during the
winter, even with the lakes closed by ice and the
Mississippi by the blockade.