Mineral Point weekly tribune. (Mineral Point, Wis.) 1859-1868, 1861-08-16
From the New York World.
Financial.

Capitalists are WaItIug TO invest In Govern
ment securities, and The Impression exists
among W ell informed parties that Mr. Chase
o. his visit TO this city, which is expected in
a few days, Will have 20 difficulty in making
satisfactory arrangements Tor immediate loans
10 the tult extent OF the government wants
On The present specie basis Of lne New York
banks, this city could take al once from S4O.-
OUO,OOU 10 SoU,OU0,UU0 OF government securl-
Ties, with great benefit 10 the money market
aud trade OF New \ Gork. The prompt dIstrl-
button OF this amount OF money into tie
channels OF trade Will speedily lmpait healthy
ACTIVITY 10 the movements Of commerce =
Since November, 1860, to The present date.
We have been suffering from a severe com
mercIai crisis-Ptoduced by the non pay meut
OF about > lJO 100000 of Southern indebted
ness, and estern bank troubles and defaults,
aud aggravated since April by the evils of
civil war-but we have not yet experienced
any OF the benetlis winch large war expend-
llufe must necessarily bring with it, Huh
ertO, the money which Government has ex-
pended comes from peace appropriations for
the last fiscal year, ending June 80. 1861
The extraordinary expenditure for the war IS
just teglL ulug. The commerce of he couu-
Try Is stagnant from a variety of causes-
Do@eaIc produce and foreign exports, both
y Uri Ia aus. South, for The last Jwo Years have
al
from abroad ior last year are much decreased
aud the influx of specie, and gain in active
Hoatlng capital by the country, are bevond
al past records. he country Is really pos
seeocd OF more means and capital 10 do a
large and safe business than at anv past
pellod. Meicantle credit is, however cur
,ailed. and lhls curlaIlment of credit has
taken IRON he basis OF operations in regular
uade at least 5000 O00, 0,000-eq equlva4ent 10 the
WI B Il . - a tte 4
> ecIe aud Ctpltal are in excess but conf
deuce and credit are wanting IN oraer to use
them. Inc BUSINESS Of lne naiIon Is at A
stand sun because nobody feels disposed TO
move, auG just So 1t must remain until some
body does move. Government proposes TO
move by borrowing be surplus capital winch
Is at present useless to Commerce. thereby
beuehdng every interest, and EMPLOYING the
money winch nobody seems 10 want. Gov
ernment proposes and Possesses the power 10
change the lteoent dullneSs and Iethar.yv ol
our business men INTO activity and ente~prI,e
by bec~mmg cash purchaser for e;45 900 600
per month Of American labor. agricultural
products and mauulaci ares Three hundred
millions OF dollars per month spent among
ourselves must proddce prospegu activity,
aud can IN no way weaken uuy financial or
akiug system 10y unhealthy cxnanslon or
eNpous Of specie 10 foreign cornlrIes There
/ i, tEci eiOIr, cElutu,lY 40 event or pOiIcY ~
our history winch can rival IA m2oglance lhis
var, Ia the powerful Impetus winch ~ expen-
dliure, directed by the policy of lne govern
neut, must necessarily g've to tue dome,ji &c
/ lnanuiacl ureS, industry and ENTERPRISE of the
nation. domestic fabrics are used wholly by
the troops; cloths, boots and shoes, hosiery
+ aud uade rciuthiug are all made here WotneI.
are using more of domestic cotton aud muslin
Vlluts, deianes aud cashnlere> also ladies
shaWJ4, men piajds and blankets, and fan
uclo Of domestic manufacture are more IN de-
maud and Il Is III accordance WIN the prin-
cipies winch regulate The consumption Of
every a. Itle Of commerce. that, rs THESE do
IN e,lcS are srpercedng foreign during the
war, they wall ever after PEI maueutIy retain
the lnarkes against iuielgu goods, from mo-
. tINeS OF economy. and Convenience. and habjt.
among our people. After the expected visit
OF NJ. Chase IO tins ely, the Government
will doub less arrange 10 disburse rlpIdIv
large sums OF money, and beneficial results
Will speedily manifest themselves IN financial
and commercial ACTIVITY, which vii! lmpart
confluence 80 business men and capitalists
ana lead Ia gradual Increase M mercantile
credit. During jhe last eight months we
have discounted all the financial and com
InercIal evils ot-,ne war, +ud also of our over
trading and paper expansion II 1857 10 500
" suall heuceforth begin To reap the good