New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1862-10-16


Ian, freey in cold in some cases ne high as I'D and
tnu, enabled these speculaos 10 carry aud control
all the specie aioat on the market IL has been
tie interest aud policy Of these insntuuobS
to foster this speculation, and they are now
rearing the profits in the sale OF 6oiu
and Cnetom.IIo,~e notes. II is absurd 10 say ihu'
onr unrer currency is already deprecated - = cent
when the s.ue thus far has been scarcely enough 10
IA the yacunm occasoned by the Withdrawal oil the
specie Of the country from circulation added 10 'hc
contraction of the bank currency OF the Wes'' i'e
supply of currency is s Insufficient for the naes Oh
the Government aud the pubic, and 1t IS every one
experesoe that there is 10 surplus of Government
Circulating paper upon which the idea Of imitation IS
grounded. in the hands Of the public. The bank de-
posi,s are not made up to the extent generally sup
posed Of this Government paper, but the large Voi-
ume IS mainly due TO the immense Expansion OF oahA
Gre ds, based upon gold, demand notes, bills oil eX-
change, Treasury notes, stocks, &c. ihe ahHi-
ety Of bank Officers TO earn large dividends
the absence Of all check in specie payments, has 10
tuem TO 20 on steadily increasing their loan iihes
until they have touched an Unprecedented hSnre'
We are glad 70 learn that the movement To-Day ha'
alarmed some Of the conservative banks, aud tnat
meeting IL proposed of bank officers to consider tho
proprety If declining in future to make loans on
cold. IL is tie purpose, also, Of some members oil
the Stock Exchange TO introduce a resolution pro-
ribting transactions in gold II 10 these TWO meas
u es were added free supply Of the precious metals
throw n on the market ty the banks, the backbone
Of this speculation might be broken. The absolute
wants OF tie country tor gold are light, aud under
NE present large exports Of produce mlgiA be nearly
met by the receipts from California. IL rests with
money -cnders, we think, to prick the present. bulb
BE. but we have fears that no effective action viii
be taken. The desire to their funds safely anu
make interest will be too powerful 10 be resisted.
We undsrstand that Mr.. Stevens, President Of the
Bank Of Commerce, and Mr.. Hooper OF the hei-
chants Bank Of Boston, are in Washington, III con-
sultation with Mr.. Chase upon the sntJect OF Cow
eminent finances. Tie tullionsts desire hr. Cuase
[, abandon tho issuc Of currency and rely iOr funds
TO carry on the war upon the eaie Ell Y cent bonds
Very late adyices from Washington Indicate that
Mr.. Chase has not the slightest intention Of chang
ing his policy. Some parties would be very glad to
buy Government 6. at - 50, but the Secretary If
not disposed to take any action calculated to dcpre-
ciate Government secnfities.
Demand Notes cold to-day ne high "a l3l but
were dull a, the close. TIE 100 y cents were IN
good demand at To-. los, and the one-yesr cer'i-
Gcates ut 9gi.
Money is active but in good supply 81 Act 4 cent
in good oo.ierals.
The Fulton Bank hes declared a half.yearly diyi-
dend of 5 y cent, payable lsi Of November, free
Of tie Government income ia1, which the bank rs
sumes.
The Produce market !. still much excited, and the
trsusaciious are immense. Flour 10 up 10 aOc.,
W cat 9 q &c.. and Corn &c. Y bsh. Pork Is also
excited nj 25c. T. btl advance, and Larl at lie.
H. advance. In Dry Good, sso there Is an NJ
ward movement.
Included in the exports OF domestic produce for the
week are 100 bbls poiashes; A. 3J6 do. wheat four
SO do ~ -four: s39 do. corn nehl; az 99S bnsb.
wheat; .s6i do. rye; ii2 do. oats. 20 do peas
2i7 l67 do corn; 3,O7e bns candles 900 tunscoal
s3s bale, cotton: lJj do. hay; 2,O5O 30. hops; 80
tcr 10 bills and ) bxs. sugar; % hhds. aTi bbs.
mols,se, O3i bbls. rosin; So bbi,. crude ,urpen-
tibe ~ do tar; DO. spirits turpentne;
1859 galls. whale oil i,6o2 do. tFerm oil
~, sos DO. lard oil; - DO lin.eed oil; 1909 bbls
pork $50 do. and nc toe. BEEF / l39, 81 be. cut
mcas; ,339 49, lbs. butter. $50 go It's cheese;
2732,O;J lbs. lard; ,.Oi lags and ~ bile. lard
,sG3 500 lbs. tallowi 100 hLds. and 81 oheFpk
udc tobacco -, lCj lbs. manufactured tobacco aud
~ .6S3 lbs. whaiebone.
Cpon the subject of recognition Of the South, the
Paris Correspondent, Of TIE London Morning Pot
lMinsieriiD says;
P,nIs Tae.day . rn.-Tlc public telegram ha, on
uouuc,d Il, real Of Me'ss dell aud Ma,oa she Commits
s1nrr. OF a. souh An rcu toufodefson sect to LoEdl
ard Fris unier ths support Ion that England and FIsnce
would hi. h'yc rec Ted The iuael Of the
South Al housh Al told tai NJ Sliicl has Dot yet
ceiv.d official motto. Of hi recall lie ha, doubt that
be vii .tor y DO It.ppear. that both Mr.. s!d- aui
cud scarcely be wifi, any removable period
ofme. The Government. II England .nd by TO
means unitndy IN their icons' o"ad tho se.ln but 80
ng the civil does nor result in decided triumph
Of ,t1sr patty thy cin ~ gov .nd hold communication
In raTi. Nj iri has not held shy Communication with
the ftehch o,e mn ina S'elur, o. we !9iIsfs. nom
the t' hs' humou,rd m policy win that Of tbs Csbinei II
st. Jane' and hoth bee e,e hid long since 10 the
conclusion thai Ia for tbs conieudg parties 70 Invite media
ton II required and not Tor England and France 10 offer
mediation however much they desire TO this cruel
snd wicsrd wiI brought TO an cad 10 recognize the south
would ne to iei"fsle u depart rom ht neu'aiy which
she plcy oftuEand AMI rencr toward tho Cntod strs
It wa.h,pd and behaved tbs. Of tho might
before Ms lave bfouri about On sneo SUD that both
NoTh nth would have called IN foreign Powers with
view 60 rrooAciiiou Hu, a.l4c soe the con,rndns
camp. b~clfnc loss ard more inhuui4ns
The latest dpscbc' hich reach the Government Of this
country do not am told hold any alternative or close
81 tie wal but N. rrh,lon OF both North and sou sit
Of the North known De extensive
hn. ~ 20 the North Bui Of coui.- this mere specu
I.ton. tho Horh f to pieces from inward disputes
probability Of their service. being required tor time
20 and expect rsca Al i has not sfcsiy reached
London and Pans
Irs T. i" is5
ASHES In demand and IS for Pots aud ~ 80
BNCK-Th,re (, change Of any Importance to notice
since last week Common ntinns IN good demand and