, 1862-01-03

|
KoeK Island. ,::;::......-:......-g1N SIX
aichigsn li rs soushs1n pfefsrred, ..:9o1 4oA
Michigan Southern tcommon) --..... .193 19H
Tennessee & per cent. bonds. ...-.--..4s 4s
4iss1uIa M;s;s e g." II
Market. frst board steady: second board, weak.
CONFEDERATE NorE EMAKIEG.-Th editor Of the
Lynchburg Republican has been shown new Con-
fede1ate note Of the denomination of five dollars.
ns1 ~ he as seen
note Is the work OF the Southern Bank Note Com.
pany Of New Orleans. The Tignette Is composed
seen woman bearing in her bands the scales Of |
justice, and vessel under SAL Indicating that the
the Father of his country, the Immortal Washing
ton. and on the left the figure OF beautiful virgin
The paper is excellent, and the ensrayiag cannot
be surpassed. |
INDIANA BASEs WILL NOT sUsPEED.-The Lafay-
ette Qnd-) Journal, Of the 1st inst, says:
Ws yesterday had ths p!sassrs Of meeting NJ
looked forward to the state ofthings nov upon Us,
hare made ample and full pragisions for tanning
1aufs he t No E
under combination Of circuna stances, wonld the
Bank Of the State suspend; and furthermore, they
the country. We arc indeed fortunate as State
5eg ss 50 | to 2as eft h1apsh aS
all the financial troubles that may come npon hez.
The public may rest assured that the bills on the
| gold in their pocket.
MICHIGAN CEsrBA1 RA11RoAD-At meeting
Of the Directors OF the Michigan Central Railroad
at Boston on the 9Th u1tino, the following VAS
| adopted:
s..Tottd, That in consideration Of the aspect Of
as ahe snbess q declaring dividend
The following statement WAS also submitted by
the Treasurer:
ssThc balance to the credit Of the Income account
is $2s o4 g, showing an Increase since thc annual
& To- Ills ssin IS aade tie msd
il October to the trustees Of thy Sinking Funds,
$3.50. It will be found that during the six months
road, after paying g operating 1 tn expendtares and
interest, have amounted 10 $574 4,o5 .5a, Or abopt
Pany." pa " -
| TREASURY NOTES 70 BE MADE LEGAL TENpER.-
| The following arc the important sections Of the
bill now before the House. from the Committee Of
| Ways and means, for making the United States
notes Of circulation legal tender throughout the
country: s.
That for temporary purposes, and until the cir
! culating notes authorized BIZ this act shall be
9na t il By lin
by authorized to issue s5o,0o,lNo Of Treasury
demand. without specifying any place of fpay1nent,
and Of such denominations as he may deem cxpe-
not IT, eE5 en ana ee WhSh h 5h h ee
United States and for al salaries dues. debts and
demands owing By the United States to individu-
United States and such Treasury notes shall also
lega teds5 n payment Sf ~ debts pnbs
BE- exchanged st any time at their par value the
came az coin, at the Treasury Of. the
| TfxnaS In Nar Tert 3.y1,7 TO
st. Louis, and Cincinnati. for any Of the coupon
p O. registered bonds whieh the Secretary Of the
to issue, and such treasury notes may be reissucd
from time to time a. the sxiEeneies OF the pnblif
az sane ba sns9 Il fSe sis sh,
n = q hy some officer Of the Treasury Department
designated By the Secretary Of the Treasury, ant
easury, | n Or some s ocs1 d the treasury Depsrt It
ment, deeignated by the Secretary Of the Trcasur
% for the Rsgistsr And al the provisions Of III
Der, 1sbI,'' so far as the same can BE- applied t.
the provisions Of this eection and not ineoneiG
tent Herewith, are hereby revived OF reunited.
8 MR. CuAsE's FINANCIAL PoL1cY-MR. GA1LA1u7'
LxrrEn.-Tbe following letter from Mr. Gallati
explains itself:
d NEW EonK, Dec Il. 1861.
Il, TO The Hon. N:P: FEssEsDEE, Senator Q. s.:
In accordance with youc kind invitation, It 8.
fords nc pleasure to Communicate with you
The proposition OF the Secretary Of the Treasur
t. es!aezh syfs5 a5 Of On the eas
~ wiling in this State, is very much less objectioa
ne able than the iEsue Of a GoreEnment paper by II
of The amonnt of 1oans whieh It wM absor5, b
~ ~ already been communicated to the Secretary /
10 the Treasury, and herewith sub1nit copy Of:
an for your peruaal. Indeed nothing has occuETe
Secretary Of The Trsasury soon aiter The accesso
Submit COPY II PRINT Tie neasnfes a s ss Wheh CO e.
eEnnens seems called upon TO adopt axe, il r
n19s The eeaeo9 o. % obligations as ss
10 az IS, $40, and $40, to contractors and for sa
plies, bearing moderate rate Of interest e!
about three per cent? until funded. to be funded
presented At ths Tfessn5 Il sums Il sioo o. o7e
e. :. The irsne Of Government stock. On portfe
t % an RrbsRa tep9a BE
ng terms that c. can II Be Obtained for thst payable be
8. The drawing direct upon the banks for pz
mr. cceds OF Government loans taken by them.
e' 4. The increase OF direct taxation, particular
on Injuries, sush Us pianoe, carriages, DC, Will
get enee to high duties On imports the lattcE bel
= slready, III some cases, almost prohibitory, and
further increased would offer premium TO sun
n relation to the first It might be advisable
make the rate Of interest loE, 20 as to urge in t
1gy. nature Of what is known in Europe ae E1cheqg
l1a' Bills and might be go termed, or denotninat
HN On the second measure, would only refer to
relief which the sale Of stock in Europe might
sTsa ford, during any future monetary exgency lik
w. to arise In the progress Of the WIT Of upon
!" termination of hnstilities. ..
aEp As to the third. suppose the SeteetarY's obi
t< tfon is founded more upon technical grounds Il
A0 upon matter OF principle, for understand Il
n tns P12sasion N toe aSts o. last Seat aatn
N. | 12abG the secretary of{he treasury TO draw W
II OF the banks AID keep accounts With them. Mas
tfcular]y intended to authorize dratta for dtshui
- 1nents against the deposits ezeated by
taking OF the loans. This is Of vital
porta1ce to the working Of both Governn
- and hank finances. and 1t is the only way
fthe | which loans can be eafc1y taken By the bar
F.. II he eheuld 20 prefer, he could make his dr
h1s nfo1 ~ Ga1 ~ - se. ,nd tLs5 - % %
entB, Vae oeSE " tnae -. eAu eI9 oAea@t5as ~
c1x1Es being At pal, OF at premium. these Dr.
eany would circulate freely, and facilitate the inland
= changes, and Avoid the displacement Of coin.
esee deed It would be advieAbla to make az his DR.
on the bankF Of the three cities-NeF York,