New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1861-12-25

In the me.n time by the consequently increased expansion
of bank. Ia the Ci,y d NewYok and BY the dmnut II
70 eign conDerce the exchanges are turning uo
ahly the West Ia her coin IL conllausiy ehohs,
md that which we nov paw into the Siblreasury on the
Government you will observe does not return 70 our
vaults a. BIZ hsrto the time Bottom from the isct
that she Il the financial Of Rev England whose To-
dury supplies larger proportion OF the wots OF our
tn Gover Loans rspidy gaining upon US IN her Com
reserve -,r,., -,
may therefore, be wiss to inquire whittier are we tend
Under such ccuu ought the As.oci't.d Banks to
70 advance on the neat fifty millions witch h-y have
q optou till the LIST January The time for decision Is
that is sideroi cannot be deferred tht lur
IN oe ben % "a. no but
pay its creditors ia Demd Notes lts necessities VIII @
repcy nsou The constitutional power Of Conges TO
DO this by law making them legal tender In payment oil
deh's 10 bell. wed to BE- more than doubtful =,
There this Important poiut gained n creating such CIR
euaing medium that IL pyerdbl. the pleasure Of the
hereby sccomphe. the general di.baion u the na,onsl
the hole cum ~ and gives especially to those
portion. Of the people rh, are deriving benefit from n.
Of The national loans 1t also accompanies tne great poca
re.u of biuding our people and States together oy the
There arc on tbs other hand the thousand evils of ire
de.msbs currercy which the Associated Banks have all
mo.t mnor.a5, oueson now PRESENTS ise-Oueht the
Associated Banks to receive any r.drrmsoe currency -
money without full provi.i ion for Its payment =,
In IL yery clear that t. cannot be recev' by
Banks under their present legal bgions to IT,. oil
m
all LOGICAL conclusions from thi, statement nodra"n, what M
be the situation of the Associated Banks after commencing 10
With so 5000 of Government Loan still on hand they
will po',e.s strong end und.nsce e'ti'oe' Id Of pan tc
The psp.s % a s iii bite
TALLY increasing their Goyernn cot Losn 81 oi g
Banks NewYcrk receive such circulating pot-s on
they will remain at par throughout the country, and those
who hold them will naturally seek to secure ioi them cue
sus.n'y Of the Associated bank BY placing ne Oh 'sp''
TIE nalursl course trade produce an expansion of
credits by the operations Of such currency s.d Gspos
In largely increase snd be upreseJied IL tber
vaults Government notes and ON hef books as legal obi
cations -, nj, ,L,,h
have ,sk.n and are carrying tie Government loans Is
rapidly png into the hand. Of those who hav- nor IL
this rat lotto work; and when new currency shall now
TO NewYork IN the natural OF usde the basis on
which 1, will be found to be Leld sew here. l..
Whether the resort by Government to psprr money De I'm
ediaey or remotely probable, Is II not VIE That tue deci'
ion respecting ,hod be mad. snt tue NOR. 90 DE-
c,u.r the pay Of every call Of ~ ceut npon heir Gov
err ebt renders the backs lees able 70 maintain
ds,iop by the banks to receive such money,
smout. prsc caly to taking muh addt ons Cove out
loan at psf and the certainty y hsving more d sc
ounn,i, In The banks la sh4 d-pr ce h.
pubic e,imsin to gusrs,y by the Assoea cd
Bsn the notes shall be- sntsiSed st par hfouSno" inc
the .,.umrou of such rick ard the value Of such
boon require ample comre"s.tin Hw.9 s %, 6e s', =.
BY .G"i"s 0% S.SsIs, a ,. hsnd. Of he LOAF, a.
ready tskep snd not ye, sold
unt ~. pass.. fornisbsg snp GUARANTEES opy'
m,nt by special War Tax which. together with 'be ooi'
sry sources venue ,hsl be sufficient 20 provide namely
!. For the ordinary expenditures of Government.
2 psy the interest vromptly OIL all lpsn' con nee
10 redeem, within ,eir all tie D'n.'d Notes
70 issued said Totes to be ia all receivable Tor pay
~ Government. i,
W,h mi. orovi.i fairly and fully made. the A'socs'ed
eli holders of Government loans and notes
will possess both Indemnity for the past aud secny ioi the
future"
AZ the Rsuhs proceed thsi coin psssifs into the
Trauy TO be In various the couu r, where
. mt T. indebted and where 1, Will r-n'-in o
having rnsiuy turned 'gsas' tho stem cities
Our commercial supremacy tn for- ps.'fg sway a.
"a. ..ouence of our Dat tot.m. rrscnd a
poin 1t Il wise ~ relative dates and obi
Lat