New-York daily tribune., 1862-04-16

Since Jan l..... SH,ss5,o!6 SSfSl'fH P''''oio'i
The City Bank has declared dividend of v
cent, payable May /.
Two hundred thousand dollars more OF the new
Government demand notes were received at the Of
fee Of the United States Assistant Treasurer this
morning as follows: $40 900 notes Of sl0i 100000
notes of 80. Total, 100000
The exchanges at the Clearing House this morn
ing were $E 1865 81.
The Central Jersey Railroad dividend Of q Y
cent was quarterly and not semi-annual, as printed
yesterday.
The Cleveland and Toledo transfer books close to-
day for the 3 y cent dividend, and reopen on the
2jth inst.
The Secretary of tho Stuyvosant Insurance Com
pany has made over his property to the Company to
cover his over issues Of stock. The fraud was first
suspected from the amount Of dividend checks paid
By the bank where the Company kept its account,
being in excess Of what called for by the whole
capital stock. An examination OF the reports of the
Company makes it evident that its shareholders have
been badly plundored in other ways than by the
over issue of s25, 600 of stock.
During 1850 i,s premiums Ssa l03 -
Return premiums, drawback, aud rein'usnce 22oS ii
No we'll managed Company ever paid such COM
mssions, and there was probably collusion at the
cost OF the Company.
The leading article Of Halle,ts Circular for the
Niagara discusses the effect Of the expansion OF the
currency row going on, both by the Government
and the banks.
THE CURRENCY QUESTION.
The almost n.isnt sddion TO the metallic currency Of the
country Of slocoooo could not a to be followed by
large increase Of prices, from the excess over me ordinary
volume Of tho standard. OF vsue Such
woud be result Now The effect viii be precisely
similar Of The addition 70 the currency OF what must
by law tho functions Of spsceTessury Notes mad, cgs
teud.t all eon.c. The volume Of the circulating mediam
would be enlarged without corresponding increase IN the
amount of property merchandise In the country.
The action Of Government consequently neeensy .end
70 initiation But II tho element. a. woiS were All en-
bacsd Ia uch ction the effect Of Il might be comparatively
tr1ns and rnles But va must remember that the Gov
-nment Wh It's fl50OoCco OF Treasury Note. viii supply
only very small portion OF tho currency We have the
usual .mOun. Of sod silver and the currency and dl.
Of zoo State Banks All these banks being relieved
Of the obligations to pay specie they cam win sppaent
sfety increase their loan, to tine amour, held q Treasury
and the obligations Of other banks For the present
there limits such provided the whole
together No matter rspd Imitation sPpss. sound
aud normal for time provided psy iunishrs the cur
rsncy get. shs.d or ss' behind in The grand movements,
Issue of the Treasury Notes has not far produced to the
degree anticipated tho results prediesed Of il, IL has ad
ass. ss ss Il. Osi Shane Ss' P
vanc OF all other kinds Of property But the with
scarcity prove the ability OF the country to absorb
large quantity and the useful function they perform
ncy Tho country ID rich and strong and paper currency
equal In portion Of the country Il chapter
In the experience people We have had nothing Ike i
par well limited In amount, they would prove valuable
addition the machinery Of business and by the addition
what would much capital, Afford, perhaps moi
unheatby stimulus 10 business
But the function that the Government assumes the bank
will naturally copy Tho former has issued SlsO0OO 600
currency payable NJ pleasure. Tho at rrsc
caly legszed suspension by the banks When called upor
10 redeem these notes liabilities all they will have TO d.
will be TO Offer the notes Of Government These they will
hold 10 amount much greater than their usual
amount greater than II holds, bank VIII be always
sbled to borrow from others. In this Treasury notes
WILL with these institution take the place OF specie or tf'
redemption OF their liabilities. As Government. expand
t issues will the banks This expansion viii be IN the
MAN, not entirely, independent Of the natural volume
will the OF and property rise owhs
amounts TO the thing that Of the notes currency
which all contracts are discharged, fall . .
Such, there bo doubt, has been and VIII De- tht
tendency Of tho inauguated by Government III,
degree Of the effect consequence produced will depent
rency isued All understand why gold and silver are py
universal consent adopted currency Inc reason Ior o.
process Of the substitution In place OF the precious ne'
Ia sfecng exchanges Of synbo OF title ceeds 70 meichan
disc h almost equally pspsble The function Of sold sns
silver being simply to asS, pSpsssy % or 10 a
thereto the interposon Of cosSy medium svo,asa ans
saving effected The science Of exchanges
40 perfect that the prscious metals except sms
change, hardly ever used sns nv az
| snces reu,snins upon 6nsl settlements
The working the Clearing House 10 THIS cry snoos
oaa IN point For the millions Of liabilities daily
Ssacoed IA H. t6avsauds Of specie hays suaacs& Tes