The New York herald., 1862-11-29

Treas n, = 310 1O3TS 104 Reading aR.- Is a 75ii
US 6s,1 yr Ger 97 81 Mich Cen RR. SSls SSia
Us demand n n12l Y i21?s Mich N a. 50 3Sis
Tennessee 6,s. saga 81 mis- Ma qua 81 a s2E
Virginia 6's. SO 81 Panama RI. .157 1853
Carolina 6's IS 20 Til Central RR. II q Tx
Missouri 6s.. 51ha SIX Clev&PittsRR 4o,Sa 4ois
American gold 12914 1909 Gal & Chi RR. so a SOis
Pacific $50. ll9 1874 Clev & rol RR Co.. sc \,
NY Cen RR.. .1ol9s q l013 Chi & Rk RR y736 rs
Erie RR...... COZ 60ss Chi BurSQRR. 81 a S5
Eric preferred sOas COX Mi&PduChRR. so SO
AT the third board the market was dull and
weak.
Gold is selling at Richmond at $40 per cent, and
all articles Of merchandise and produce command
corresponding prices. This is fact which should be
honestly set forth by the bankers and spectators
who have gone from here to importune Mr.. Chase
to issue more legal tender money. 1t is the indis-
criminae and reckless abuse of the power Of issu-
ing paper money which has caused gold to advance
more than threefold at Richmond, and every ar
ticle of consumption to rise in corresponding ra-
tic. moderate, apd indeed necessary, issue of
paper money by Mr.. Chase has caused gold to
advance throughout the NORTH TO $50, and articles
of produce and merchandise tc rise to twice their
usual value. The question now s. shall further
issues OF paper money be authorized, and shall
prices at the North follow prices at the
South in their upward course, or shall
an attempt at least be made to revert
to those sound and Legitimate methods Of finance
which were impracticable year ago One thing
is certain: if Mr.. Chase cannot borrow now he
never can. The bank deposits are far larger than
they ever were in time of peace. The bank issues
are more expanded than they have ever been.
There is no demand for money from the mercantile
community. The South is not draining us, IA she
used to do at this season, in order to move the
cotton crop. There is no reason to believe that
we shall ever witness peroddnore favorable than
the present FOR the negotiation Of a large public
loan. Thus far the stock market alone has en-.
joyed the benefit of the heavy issues of government
paper which have been made. Paper money has
gone into fancy stocks and has put them up 100
shown by the table. published in this column
a few days ago. Why should not the government
reap some advantage from the money it has Gre
ated, Why should railway companies and stock
spectators monopolize the msrkctg Some ono
has estimated that Wall street holds something
like 500 900 shares of the active speculative stocks
OF the day, besides an enormous quantity Of State,
railway, city and other bonds II ia the holders of
these shares and bonds who arc absorbing the
money which the government ought to get. 1t is
the holders Of these shares aud bonds who want
more paper money, in order to initiate prices still
further. Can it be supposed that the Secretary of
the Treasury will yield to their opportunities
when to DO SO would inevitably cause
gold to advance to $50 (. 100, and dry
goods, groceries and every article that is con
sumed by the people would likewise ad-
vance far above their present high cost! If, in
deed a loan had been tried and had failed then
more paper money might be issued as last re-
source. But when money is superabundant as
to cause fancy stocks to advance 100 per cent in
year. when Mr. Chase can sell his Treasury notes
at a +per cent premium, when call for thirteen
millions is met by offer of thirty the duty of the
finance minister seems 80 plain, and the adyan-
tages Of negotiating loan so obvious in regard TO
the course Of prices, that it is impossible to be.
lcve that any other policy can be seriously in
tended.
The Sub-Treasurer received to-day $l07 900 on
account Of internal taxes. The business of the
Office was as fol!ows:--
iecep's. 'Soa sls ~
For customs ................ 1900 90
Payments lncuding payments for temporary
mTil ..'.. a's52sl, 43
taiahce 1883 ,a05 80
The city of San Francisco haS instructed Mr.
VIM. T. Coleman. who acts as its financial agent
here. that all interest on the city debt must be
paid in coin. This action reflects honor on the cite
and viii doubtless raise its credit st; higher than
il stood before.
The Howard Insurance Company have declared
a semi annual dividend Of eight per cent, payable
on the lst Of December; the Norwich Bank
Comb semi-annual dividend OF three and a half
per cent payable on the lst Of December; the
Shetuck Bank of Norwich, three and half per
cent, payable on the lst OF December.
The earnings Of the Toledo and Wabash Railroad