New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1861-07-29

places savings banks &c. and lend it to the Govern
ment.
Tic y cent two.yeaF Treasury notes hre pressing
the market, having been paid out freely to con-
tractors and other private creditors Meanwhile, the
demand for the payment OF duties is quite light The
sale to dav have been made rs low as 90 e9Gl
Nearly al the stock ard unsecured bonds Of the
New-York and Erie Railroad Company are surrcn-
dered 10 the new Company FOR exchange. Those VITO
Layo not surrendered will stii have opportunity to
DO 80 Oh Monday the 18th ins under the decision OF
Phio 7. Ruggleg esq., the Referee named for that
purpose. Holders Of Trustee scrip for stock or bonds
heretofore surrendered, applying for new stock, and
paving the assessment, will be allowed interest ON the
paw ment from The date Of it, After September l. ia
tcrcr will be churged from that date upon all assess
menis hcn unpaid. TIE option Of converting fourth
and GGh mortgage coupons IN aTcar into Trustee
scrip bearing interest from Ma' 1861 will expire on
the 3lst OF August
The new loan bill as far ia understood in iinan
cal circles in this city pronounced to be defective in
two important partcuiaTs:
Firo For restricting the Secretary Of the Treasury
TO par in the negotiations of the loans or Treasury
uoes authorized by the act.
And secondly In not giving authority to convert the
Troa ury notes bearing $40 rer cent interest at any
ne before maturity into six per cen1 stock having
from ten to thirty yearsto run.
The first nav ia measure lie corrected by subse-
queut lcgisatiou, definite report of which has not
reached u.s. If not no time should be lost in untyng
the hands Of the Secretary, that he may be able to
ri-e the money required for this momenus crisis on
the beet rs he can after full public notice. On no
other ground can he be allowed TO stand after adjourn
ment Of Congress without imminent peril TO the
country.
With regard 70 the second suggestion it will be
great nducemen for capitalists both here and in Eu-
rope to invest in tie Treasury notes, provided tLey
be allowed to extend their loan desired, and it will
also prove highly advantageous to the Government to
have their Treasury notes consolidated into longer
lonu. Asan inducemeu. to this course, il might be
wise 70 allow an exchange of the three year Treasury
notes during he fret year into thirty years stock for
the second ear into twenty years stock and for the
tbird year inio years stock by which means tho
loin MIXTURES at different periods and an iuducemen' is
offered to holders to act promptly under any favorable
aspect Of the money market.
We annex a comparative statement Of the Imports
Of Foreign Dry Goods and General Merchandise at
New-York for the week and since January
FOR hereot ls59o iSo0., 1851:
9 9 G as;aa;aj.: ';9 ' i5s55 fi5s5
r, T ,.S.:i: Il CO. fi sssa f @ss5
sin.s uu,ryl....sl@,I2oas sI9i,s52,Is9 esIoPglO
The payments into the Sub.Treasury on loans during
the week las reduced the Bank specie somewhat, aud
the average IN Mondays statement will be larger than
tie actual amount in yallt, which however 10 still 50
per ecu, on the net deposits The loau line shows by
the dily fgusrs increase consequent upon the adj
vance- 10 Government and on Government securities;
but It may not he sufficient to show in the
average The mercantile paper is being paid quite as
PROMPTLY a. could b. expected, and but for Govern
men, wants. the Bank aggregate line would long since
have been down o. 900 oOOO 600. In the meantime the
money market Outside the Banks is stagnant. Large
amuunts Of capital are idle employed only at very
low rates Floating amounts deIosicd with lromi-
! uent banhng.houses in some IA low as 8 "
cent aud on fayorc colaterals, demand, the cur
rent rates range from 4to6 q cent. Very few new
enterprises are on foot and as old ones are wound up
tho capital employed ceuier in Wall street. In The
d.coun houacs the transactions are quite restricted by
re- son OF the limited amount Of paper IN market not
absorbed by the Banks. The demand is much beyond
the supply. Strictly "gilt-edsed" goes at 5e7
cent ih an occasional Transaction even lower. The
nGmes however which 90 at these rates are not many,
and above there Il IA wide range-too wide for quota
ton.
ANNEXED is tLeslaiement Of the New.Oreans Banks