New-York daily tribune., 1861-08-28

This tsbie proves IN he most conclusive manner
tat s the deOts CONTACTED by the United States, un
Ike those q Offer nations, are treated purely as COM
uerisl ula-acions,i 10 be Isd At 81 early day, ana
for wi,h II! DIVISIONS have always teeE speedily made
md VIII b IL one Teri5 d enlirely exinguiBhcd the
debt, and reduced 1t 20 inert y nominal amooris al
tWo others.
TIE loans brought ont IN the MeKican wsr sold OF
,ar but the moment thar pnblio confidence was re-
stored they cOld ~ % cent premium. Owing - me
present political troubles, tie Inied ssles tb OF T. oo
are selling Il a rate which VIII yield to those hoi"lHg
them t lher maturity cent Or very nearly twice
the rate Of interest hey have YIELDED ;or the p~l
eleven yeaIs. nation with vitality Ike THAT OF
tie Ulled states IS moi gong to be eAunglsheo 10
day. nor ill., Ike all other great nations, II bar ran its
course, which Is not neAsureo by any Ofnhhy cOhPu
In yesr OF 90 our fears will be forgotten, aud as
money is now far more abundant among ns than ~
any former period II VIII not be long before HoVern-
ment securities will be selling at the highest rates they
ever reached The supply coming upon iae marAet
will for time keep dow the price, but tho moment
that ceases, rates will rapidly advance, no matter
within any reasonable bounds, how great debl NAV
be contracted. The public deb. of England equals
nearly 1000, ,000 900. debt Of S5O',OOOO0, or
eight times less would be- for u, nothing 10 eompa-
son. Ihe Euglish consols would bear no higher pice
were thew reduced 10 ore half their pres amount.
Were the public debt of the United States t5)J OJ0OO
instead Of clio 100000 its securities wOnld probably
bear higher pi,e, from the vastly greater number of
parties interested and dealing IN them The CanSfas,
debt of about So 600 COO, which would be equal 70
debt Of $500 0J0 for the United States, which have
threshold greater wealth and re,ources In proportion
10 population. Yet tie securities Of the former are
selling at q premium Of some 10 cent, while those Il
tie latter are ~ cent discount. This fact shows the
excess and unreasonableness OF our fright
Tie debt at the formation Of the Government wat
eonal 70 nearly 500 per head in 1876 slj per head.
similar ratio per head woald give us debt Of $780,
0O0OO0 10 and $465 600 700 10 the other; yet
the wealth Of the country is more than three.iold
greater per head than in either Of the periods named
Al the close in iSl5 Of the great Continental WAR;
the debt OF Great Britain, including Ireland, was
fS6OO0O 900, or about 81 300, coo, 900, which wM
nearly $3.50 per head for each man. vonsn and child
in that countrys population, including Ireland, not
much exceeding lS,000,000. The population Of the
United States is nearly twice that numbers that Of the
loyal States once and half greater, with resources
vastly exceeding those Of Great Britain in her event
full struggle which hnmbled the greatest military pow
er, ard military genus, the world had ever feen.
There il very actiye demand for the new loan out
sde the banks. There can be doubt that the public
will adily absorb the whole Of il fast o. is need
ed az well as the further Issues 10 be made Tho
ton Of the banks Of the treo great commercial ctes
in reference to the loan, virtually consoidees their
whole capital into vast nstitntion BY making their
specie common fund.- subject TO daily average in ratio
70 their liabilities They 10 carry the loan in ratio
Of their pial and salcs by any TO DO
mon account All the banks Il the loyal States WILL
in fact come aid Of those that party 10 the ne
gotalion and thus the whole aysiiabe capital Of the
country will, in effect, lie wieided with ono purpose
the maintenance Of Government. This coordination il
the organ and representative Of the active available
capital Of the country, which Is Thus brought in aid Of
the military arm Of the Government. With abundance
Of means, men, and munitions Of war, no doubts
entertained Of the speedy crushing out OF the rebellion
We understand the Attorney General Of the United
States has Just decided that the loan is not prop
erty which be taxed by State or local auihonies
The quantity Of -four, wheat corn aud barley, leh
at attde-waer, during the third week in August, in the
years 1860 sId 1861, is as follows: