New-York daily tribune., 1861-08-23

uons. We notice large sales OF 6ix6l nj 5le a
montbs, which 10 advance of nearly one cen, ns,
YARD from the lowest point Of the season. The sa. -
these goods TOR the last three mouths have been
nominal the chief printers having discontinued fns,ns
altogether, and an accumulation of over one million -
pieces IN one market alone was the resull Itis vsu
uho'rto' d that the stocx Of prints is small and ,bs
eocA oi ciohs will all be wanted before the maaufe1
urers can produce new 20 1ds.
we report no important change In drills sheelins
anu .e general styles Of cottons 70 largely advanced
prices 'ne past two weeks but more irmness ia Oh
'eiFeu' "ooens are in request. The nils are en-.
s"seu gu orders for the army, one running night and
o"!' una me Cashmere mills quite active out ,hs
sahhet mills are still idle and large stocks of low goods
are pressing on the market
Commercial credits are now gradually recoyerin,
from the shock which has swept away 50 MANY Of an,
merchants during the financial crisis This NAV n, a..
tribUed 10 the adoption Of new system of credt,
and increasing confidence In the solyency of the re-
naming houses engaged in the drygoods trade Sales
Of goods not made the basis Of the currency Of
the paper in the street. but upon the actual responsible
ty and integrity Of the parties There has been d.
termination among the trade that tle weak houses sa
20 into liquidation, and not 10 carried over as they
break down in their ultimate fall the strongest hoasss
We trace great many failures of the past
20 the financial difficulties of former periods. Many
houses lost all their capital in 1857 but sustained them
selves by fictitious credit until tie great disturbance
ofthe country exposed tleir weasn ness.
During this pcriod-when, by he aid of the perniei
system Of note"brokerage conducted In ths dy
all alike had an unlimited credtths transactions d
| IL Iao iuiu N ~
legitimate houses having large capitals inasmush
the competition unequal. house se lug its good
to make capital can for season, outslrp tue boun
whose whole aim is TO secure fair compensation fa
the use of It's capital Every sound jobber should
plain his position, and the manufacturer and comusdoa
house will, with confidence, continue their lines q
credit and not force tie market with their IMMATURE
snglename paper. The coarse adopted the pact mona
by TOO many of tho holders of jobbes paper, in throw
ing It on the street. if pursued in, would destroy tS
credit and of course the character Of the stronges
houses and bankruptcy would ensue, although II
actual, at present unavailable surplus might prove
bs large Our whole system, whether applied TO bank
or individual enterprise is based on confidence, en-
embarrassment follows when credit is doubted.
A run on the banks Is deprecated by all wise men
and the tide Of panic in such case Is resisted by Vi
whole conservative sentiment Of the community.
run on the jobbers is generally more DISASTROUS, To-
there il no such wide spread interest 70 sustain them
To offer al this time in the single name jobten
paper is direct method of forcing Tie maker 10 re'r
the paper or 70 to the wall The first party 10 whom th
paper is generally offered in times of dstrust Is tht
maker and if he docs not take it it s suPposed TO
an evidence Of weakness. The most prudent ari
successful jobbcr cannot anticipate by payment hi
long paper, even in the most prosperous times. III
payer was issued under system Of credit and ht
sales have been made on .he basis, and II is idl
10 suppose thai be can change tie whole character d
bis business at once. lie eau, is true, as some Of h
leading houses are present doing retire all bis sho'
paper at low rate, for his system involves the ne
ces.ity of providing for his maturing his page
by hs balance in bank thirty or sky days In sdysss
} Of maturity but tina necessarily reduces his daily
ba ance, on which discounts at bank are pred
cte, ana eau es more or less embarrassment As q
illustration of tlat which we have remarked, asg
Louise whose failure we regretted to chronicle shof
me since wou havo had ittls ciculty in snstaiuiy
themselves II confidence bad not been lost and tse!
were not forced purchase their long paper in order
sustain their credit. Over $4,000 Of notes, falm
due in the Autumn they had retired from the stree'
a few weeks before the failorei aid when their nose
went to protest, they had tne respectable balanes
their credit at the banks Of nearly one quarter d
million of dollars.