The New York herald., 1862-10-02
THE cuSfoM r0use.

Receipts for tJlc Month OF ScptemNer-
!. The Effect Of the Increased Price
ID. mand d Notes and Goid--PiObabie De.
crease im ImPOrIatiOns-The Relative
Value Of Legal Tender Notes and Gold
&c., &c.
Another month Of considerable activity q, the Custom
House has just ended and the Sub Treasurer's repor
that the receipts have been greater than tn
month Of August, amounting TO hvo and quarte
millions OF dollars. The past two three weeks hav
been rather exciting the portion Of community
Interested in the importing business. The rapid advanc
ia the price Of gold and demand notes.-the only currency
ia which datiss b. paid-has had the effect o
keeping most importers active aud busy in watching
the progress Of the market aud in devisinis
best avail Of tho changes Of tho times. Though
Treasury notes Of the legal tender the
rency ol the country and found abundantly
circulation than any other kind Of money they
reality the true standard Of value Gold and silver has
gone oa of circulation, and, though they bough
and sold like merchandise, the government bein
given payment, they the base OF all circulation
aud regulate the value of everything the country from
stocks and real estate down to groceries aud provisions
Gold has advanced in vaiuo as we say) greatly within
iortnght-that is 10 say, gold will bring muc
in Treasury notes or bank bills TO day ths,l
IL would have donc two weeks SINCE II is very com.
to say tina, gold has advanced in value, when
quoted at higher than before. Gold tho stand
ard. has fxed and nvariable value and cannot be
TO either increase or diminish In value. Il
on md notes. which used exclusively q substt
stnte for gold in the payment Of duties gained
rapidly value than most any other security shors
since they sold for only eight nine per cent pre-
mium. aud brought only that price when 500 in goe
wo;ld command SILT or Sis in legal tender notes Now
however there much less difference in the prices OF th
two curreacios. Every month the supply Of demam,
notes in the country is diminished, they cancelled
as received in payment Of duties. Importer
suddenly became awake 70 this fact when gold com
nenced its upward movement, and knowing that Vi
notes just valuable for their purpose got
isc they drove, by their eagcrness to purchase Ia
salGe (as compared with that Of legal tender notes
up much nearer 70 that Of gold than be:ors
the excitement. The consequence that nov
the importer has to pay about twenty por cent for h
goods in addition to the duties the price Of demand notes.
yesterday bcing from sl19k to $l1ex This is, q
course added to tho price charged TO the purchaser Of
article. THIS is way in which the rise in the valu
gold directly increases the vaue rather price,
articles of consumption The question arises whetha:
the high price which must be charged for every mpor
article will not decrease the importatons. II wouli
seem that such must be the 1t believed whcr
tho Tariff act Of July went into effect that the yer!
high rates Of duty imposes would edectuay check inn
portaiions this bcicfhas thus beeu
demonstrated few days since its failacy made st
evident by the figures gave al the beginning
this article But II is doubtful whether these Large
cep,s Tor duty and heavy importaons Of merchandis;
can continue with gold at Its present high quotation
Importers will feel that the relative value Of gold ans
notes is too uncertain to admit OF large purchases ihs
charge for their goods certain price, and rccovs pa!
in legal tender notes; but win not they feel that
better keep their goods until tho currency ittl
settled and articles iu general have stabi
valus to export them to countries where gold will b
pail hereorY II such be the the impor;aons mus
decrease Nor would be disadvantagoous to the country
to have the supply Of foreign goods imported underg.
this dminution. To be sure large importations yield
large revenues, and at first sight would appear foos
TO say that the country would be benefited by decfeasS
in the revenue derived from customs; but moment
consideration will carry the conviction that it is bctc
for the nation be deprived OF the Of this rcvenu
than that tho country should send It's wealth TO oths
lands 1t would be well, therefore, IL the value Of th<
imports could be brought down 70 tho valao Of the ex
ports Tho latter have been this year very great, AND
should be sufficient to pay our foreign debts
Tho Tax law has been put in operation at the CUSTOM
House. the Of three pcr cent the esccss eesrS
over 5000 having been deducted from the pay & n
clerks for the month Of September.