The New York herald., 1862-12-24

Del H,dson.1l8 - Clev & Pitts. 4Sts 4Si.
Letters from Washington state that ON the re-
assembling Of Congress. after the adjournment,
Mr.. Chase's financial bill will be laid before the
Committee Of Ways and Means, and by them re-
ported to the House. It's main features are, az
We have heretofore stated, the bank scheme and
The authorization of new 7.30 loans. So far as We
can learn, the committee will favor this plan, at all
events a. an experiment; and the question in the
House will be, how many members are willing to
grant the government the means Of carrying on the
war, and how many are ready to cripple the North
BY opposing the only financial policy which can
succeed! There are in Congress, as In Wall street.
individuals interested in speculations who will
dssvor to enrich themselves at the expense of the
country by endeayoring to obtain new issues Of
irredeemable paper. Bnt We learn that these
reckless members constitute small minority, and
that, moreover, Whatever may be done in the
House, the Senate will not authorize another dol
lar Of paper money. Letters 60 forward to Wash
ington daily from hence, ffom bankers, bank OFF,
cers and others, assuring the department and Con-
rress that no new loans can possibly be nego-
tlated But this dodge is becoming pretty well
understood The advice OF these parties would be
worth more il its authors were net holders OF
stocks, gold and merchandise which would appre-
ciate In currency value on the authorization OF a
new issue Of legal tender notes. The chief argu.
ment against q loan, next to the alleged utter
-impossibility Of negotiating one, is the fact,
that IL would cause government securities to
depreciate in price. The meaning of this is that
loan would probably put 7.sO notes to 9j and
gold to l20, whereas q new issue Of legal tender
money would keep 730 notes at l03 and would
put gold tol7S. This is what these opponents OF
new loans call deprecisting the price of govern.
ments and damaging the public credit. Sound
mercantile houses would not at all objc ct 10 have
their credit deprecated and damaged in this way:
and Congress, we trust, will be 40 advised by Mr..
Hooper, Mr.. Spaldng and Mr.. Corning as to make
NO foolish attempts to keep government securities
up to fictitious par, when by the effort they
force the true standard god-up to a premium OF
80 75 per cent.
The brig Herald. one Of the packets Of ne
American West India Company, sailed yesterday
or San Domingo with full cargo Of merchandise
and passengers. The latter 20 out under the
auspices Of the company az settlers on the com
pany's lands. Another packet will be put on the
zine the first week in January.
Several Of the banks are refusing TO lend over
par on gold This is a judcious policy, and saould
be universally adopted.
The business at the Sub-Tressury was a. col.
Lows to-day
Receipts. sssi,7se "a
for customs W. 600 90
Raymens. .....s,.....s....... avls sOl3 80
tBAiaues. 500 s35 Ss
The Chemical Bank has declared quarterly
dividend Of six per cent. free ffom gcvcrnment tax
payable January 2; the Bank Of Commerce, in New
York, semi-annual dividend Of three and onc-hslf
per cent, free from government tax, payable
JAnuary 6; the Bank Of America o scmi.annual
dividend Of four per cent, free from goyernme At
tax, payable January q tho Tradcsnisn's Bank.
semi. annual dividend Of three and half per cent,
free from government tax, payable January 2; the
Chicago and Rock !slspd railroad, semi-sapnal
dividend Of three per cent. :