New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1861-11-20

circular OF MessIs. Uallett O. Co.:
THE GOVERNMENT LoAS AsD FoBEI6a EXCHANGES
OF TIE COUNTRY.
Ths banks Of this city, during the recent visit OF
Mr Secretary Chase, modified the agreement tst entered
ito by subsu.irg foY the i'd irstsnent OF
AID e 81 Per fs b.s e Boson sn Ph
Pha vi nnquesiionsbly make similar eh.nse VI me
So 01S and pa eSeT :. ' home or rosS a rate
hat would produce feyen per cen. interest Ih houh Una
es be issued under this provision not probably exceed
10000 COO eoua viii probably he exhausted oy
tie issue Of demand Treasury notes.
The sct Of the banks IN making the change was seeuy
readily used than the seven and tbTeeenhs thtee
bonds or Treasury noe' and wien su DC u,u .sI
changer There se At preson. 70 Indications tht these VIZ
lurn sssnst On the contrary there seems to De every
favor Our exports largely exceed puI imports while the &C
tive foreign demand hich sd; stnnes or produce coupd
with high isrn, win prshstlJ ar!sia tie former largely II
The export. rom ibis pert -r.ls,s q specie from The Let
J e astin s8ssiGs5 fJy the sane time 10 1900 Inc
imports exclusive Of huli'n, fer 1857 haze been
ssns. go !. ICY abe siss, eAPoI nn ogys ~
sSl8Os. The Of Import S,sI sJpots for @isl
period IN 1860 elei "a s.hrs charge Ia cur i-Voi
To make Up hasnce ssiirst sst year we tLipped
from hi, port from January 20 Noycnber ~ IN ,pe
Gle azaip.t fer 1901 and have imported direct into
tii civ, and through Bo.ton, Newly Ork account. go
Q. tie city exclusive Of specie las been equal 70
9Tl IN our ayor TIE corresponding change In The dseton
Of tie precious metals b., been equal to seS'O3@o
Assuming the trade for 1850 70 have been healthy one
ard with lie lpuents Of gold the two aides OF tie great
raonsl ledger 70 hare balanced each other wo are yet en-
aa 70 es io5 or coTre we al no, receive such
an s01nt on account o. existing indebtea nes whatever TIL
de figures show But the exhibit presented by these y
certainly sl cient to relieve al sppTeheDsion sLat there
witt reg.rd 10 the future ss,nst which the action Of the
taken BY way Of pccagion do not sny cause
Tor apprcLenson The value OF imports Is still rapidly de-
modified I'll imports for the last half OF the year hse
equaed 2tocoo per week, ss.ins s3go0oo per weei
1he m9oTsOn' e. The ~; As Of the year ere 81 sias
dency 4 yet steadily toward = decline
npolons ioE he future mus be Chiefly confined TO Kind
wines and ,k IL net probable that Tie Import, into t
port OF general u6rchandse oF W. Win continuation
bostie, will exceed +5oooO or into the whole courir,
01 fo COO The exports ou this port alone Tor the prosen
wear viii equal +I COO There every probability tbs
hoy viii be great o. greater next year a. large qnsntes
cotton and tobacco Will nquesonsby forward thTousi
Sch 1, DE condition snd aspect CT foreign trade Of thu
country. We do not propose to dwell upon the eurou
anomaly vast changes prc,eus The banks were IN
sell q, hone than the 81 hs Should exchange fI
AZ 10 The specie poa ese bond be sold OF hypoihe
90. s5rosd and drawn Gs,iHsi al trade regulates iiie
a. 10 restore the balance Ia ayoE By THIS TINE We PIE
s. ' IN Europe an S 5 Ss 1888 s DESIRED
I've edos made to destroy esct In London ere Ole
mesns They vii have very little influence those seek
ira nvestnen, and who consult E.oiy s1d rate CEN
faber DIR the olives hch Influence Cabinets and CouE
cISe. We have 10 doubt but TIA, the whole Of the po
cen, losr u could be readily disposed Of 10 Europe
but presume win be red except upon tho eoGln
ssncy assumed Which, sppsr.ntly Is likely 20 Th'
cspis Of the county ample Tor the wants Of oovern
Gent aud the spirit ard psolsm Of our people such thai
every available dollar needed, will be prohered 10 It,
The reduction IN impo iortuEaiely doc. rot lessen h'
foreign demand oT products hch will take all we have
s and Il much added 10 our means svaiabe Tor h'
The Of tho foreign deasnd at the period
our domestic robes fortunate. IL has saved us from
ell hn,nciA disturbance Thus far the expenditure: made
h,ye eyeTted no tendency 10 make money Il Is
active tut IL abundant and still be had for Commercial
purposes rates low a. have on the average Tor years e
vailed