New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1861-05-22


doubt OF The srcces n rhe Secretary IN obtaining al
the money be needs until the July meeiag Of Ccagess
Letters from Philadelphia banks have been received
evinC 'ng Willingness ~ b. the aid Of the Trese-
ury. Our banks woud prefer that the public should
take The present lcen thai they may be better sbe to
take he Treasury Noles 'o be issued under the &C. 81
"a June, but whatever amount the public do Dc want
we have 10 doubt they val be ready 10 bid for.
The supply Of money On approved colateras s daily
Increasing and sgrea,ly IN IL the demand on
AL fret class loaus. f,om the indications OF the coae
Of bullion, AID The gradual decline the Baik loans,
tile esae in tho none, market must pie
tboric character winch wil become oppressive 10 eaI-
tils's, and may lead estmouis which a this tine
are regarded without much favor The general suspen-
sJn Of busnes- ID the mercantile crclcs reduces fhe
usns supply Of paper and capital in vain eeels salts
factory investments. Confidence y gone and none bar
prime irdorscd notes. whifh range from 10 10 v
cent, arc cnneui. Al other signatures are irregular
snd unstable. The Government loans are The only
securities oHe red Of present calculated 20 absorb the
dormrnt funds IN the street and tlis lie considered
the most rgouliring of investments at present. We
quote call loans 20 or cent with occasional Trans
actions at y cent on very favoi,e securities.
The great dGiculty which the Western merchants
have been aboFng uador for the last number ~
months ia reference 10 currency has at last eliminated
IN utter impossibiIty 10 remit their correspond
onts from the accumalatons of the sprecaed curren
cy which ,hoy receive in the course Of trade. Ex-
change at Chicago is quoted ut % z ceri premium,
aud very scarce. This " Exchange however, is n
mi.none, and ii should rather be called the rate Of
depreciation upon currency. Exchange--pfoper-is
merely the expenses incurred in transmitting specie
from one point b another. Transactions ia bills u
Exchange whether inland or foreign, are conducted
by bankers who charge certain rate per cent, and by
means of their credit and connections able on moet
occasions 10 supply the demand Of their customs at
profit at abon' the actual cost. Bullion being every
where recognized the standing currency OF the
mercis world the comparative value OF the ourrencies
of reuar sections or countries depends upon the val
ueof6uion in the countries Bur with deprecated cur
rency "a we now have in Illinois aud some other West
era Staies-tle cause OF which lie the decline in the
yaues Of certain Slave-Stae Stocks which al present
are the basis Of teir bank issues the seoneous
This wide difference between that currency and
own should not be regarded az a difference Of
change and il not regarded by the merchants Of the
West. The fall in value OF currency, which renders
exchange unfsyorable and causes bills 10 sell al pre-.
MUM, equally increases the price Of commodities.
Hence, however great the pre- mium paid in Chicago
for bills on New-York, in deprecated currency il 10
UNIDENTIFIED by the exchange price Of the commodies
sod. In such cases. mercantile operations are oou.
ducted as they would be were the exchange ready at
par that s by comparison Of real prices at Chicago
and those of Now-York.
We annex comparative statement of the Expors
exclusive of specie) from New-York to Foreign Ports
for the week and snce Jan. I, 1851:
re..lfo til. week ,css, s iseS; . .ssl
Previously reported. ..a1,SSl.ao3 s'sIiOo a72la,a
Sine. JAM sais.s,5es snzi7a2 sssoses
The Pennsylyania State Government advertises for
proposals for the loan OF 100000 to arm the State.
Bids will be received up TO p IN. on the 9TH Of June
The loan will bear cent interest, and is redeema-
bic in ten years certificates to be subject TO taxa
ton for any purpose whatever.
The Philadelphia papers publish notice TO the effect
that this the las, week for the presentation Of the
notes Of the Bank of Pennsylvania 10 be registered in
order 10 entille their owners claim upon the funds
now in Court. Since the publication of this notice
large number Of additional claimants have appeared
leaving less than $4,000 Of tie notes still outstanding,
TIE albany ArgUs gives the following account 81
the bank panic in that city yesterday:
Tbe failure o. Bark Capitol Saturday which
smcur the depOor. q the saving Bsnh. q
OF people esy alarmed aud whom Indeed their small
post, quite important se Of person. Of
fore means Al the Albany saving banA located 1t the Com
nerUi.l B.nl comfortable duras the esy part
Of which ho~sver the day advanced
All who called promptly psd aud eztrs elerss de-
tailed to s. the teller In h..tsnns payments The yssie
them, many went away wheu, sers their pasb ola
The NewYcfk State bank BY coming forwa add redeem
iu tho notes Of the couu, bsnks hsIs their ssscss With
The snspended banks Ia th, city oi good service and pre-
currency panic for soch andubedy would have bssn
the oons gaencc bad the notes Of dozen bsut coed
themselves been thrown cut by The failure II their asthts
10 redeem here according 20 law"
The steamer Iron City, arrived ut Cleveland FRI
day night, brought down $50 tuns of copper from the
National Mine in barrels and masses, and 50 tans q
pig iron from Marquette.
The weekly statement q the Philadelphia banks
made up yesterday ahernoos, presents the follow.
ne aggregates a. compared with thoss Of the previous
week;
Nav 10 May
{ srltsi s'aei ........a n slo8 ~nlQ ~ lnss t.ts
Loans. ..........s..s. D.fis5ia = $500 Res.slAfw
~ .............. AfyLom ai4ANi Do. .Ifq an
Ijn. ifoui other Blnss is07osl iiia@s Inc 9st
Doe 90 other banks.. ltlfta 2sYstsp Dee, aNe
u.,o.tt. ............ Ihssplsl E'tlfT In 1lete
1tsc. All UraH 49,