New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1862-02-05


should at once hold meeting, and adopt o.
liberal policy in regard to this matter. The
public would consider it rather high ground for
these gentlemen to take to throw out the promises Of
the Government, although irredeemable, while their
own notes are In the same category; and we know
that large majority OF our bank officers are truly
DESTROYS Of using these notes in the Transaction Of
their business II policy could DO agreed upon which
would be equal in its operation. But in the present
circumstances the free reception Of these notes by
bank makes il debtor In the Clearing House, where
it 10 obliged 10 settle its balances in Loan Certi6-
Gates, upon which 1t pays7 y cent interest. This
portion Of thngs has already had the effect Of con.
tracing the loans Of the banks to the public a. there
is no profit TO . bank in making loan even at
Y cent interest, which, when checked against and
settled through the Clearing. House, costs the Bank
7 y cent interest. Il 10 evident that Government
notes Of description to form for some time
to come the currency Of the country and we are con-
dent that the Banks ready to meet the necessity
In the beet spirit but their action muit in justice be
general As 10 the legal tender clause, which just
appears to be out Of favor In Congress, We be-
eve that three-quar,srs Of the Bank Presidents OF
this city desire its adoption.
We annex comparative statement Of the Exports
exclusive Of spscie) from tho port Of New York to
foreign ports for the week ending Feb. T. and since
Jan. ]:
10, .h. ~..l... siSS.s sisSs4 siysss,s
Previously r,por,sd... s,tes0I lo.sn7o il.12a0i
Since jan i....e7ss.sse sI1<nost sisIs9Sco
There Is rather lees freedom in call loans, and
there 10 an impression that unless Congress at once
adopts measures 70 relieve the Treasury from the
prs.ent dead lock, the money market will soon be-
come comparatively stringent, The rates to-day on
demand loans are SAL y cent, without much doing
a, the minimum rate. Paper is moderately plenty IN
% diseoupt houses, and Is passed at SAL cent for
choice signatures.
Mr.. Cisco received from Washington this morning
q. 800, 900 100 Treasury Notes, and d 100000
bonds. Tho banks took yesterday some y, SOC, COO
bopds and notes, which had accumulated during last
week.
We call attention to the dividend notice Of the
Washington Insurance Company. in another column.
The Company pays 10 ' cent to the stockholders
and co v cent to the policy holders entitled TO par
,icipsie, being the largest scrip dividend that has
been made on the participating system. We under
stand they have leased, from the first OF May next,
the eligible Office on the first floor Of the largo new
building corner Of Broadway and Madsu-lane.
There will 10 sold tomorrow at No. 81 Atlantic
Dock by order Of Mr.. Barney, I76 bales Sea leland
cotton, received from Port Royal.
The business Of the Clearing Housc was $l7 $685..
600. Tie 30 v cent Treasury Notes are further
Deprecated, ceiling at q y cent discount, and come
de mand notes have been sold at y cent discount.
The Northern Light brings ESQ, 900 In gold.
| The Nsw-York Fire and Marine Insurance Com
many has declared = semi-annual dividend Of s y
cent, payable to the stockholders on demand ct No.
y " al street. The City Bank OF Brooklyn has de-
clsred dividend Of 81 y cent, payable on the 18th
inst. The City Fire Insurance Company has de-
elsred dividend Of u 80 y share, payable on the
l2th inst. Tie Trustees Of the Nsw-iorx Life and
Trust Company have declared a semi-annual div
d.nd Of S y cent, payable on demand. The New
York Life Insurance Company strip dividend Of 80
cent on life policies issued previous 10 JAM |, and
Of Is Y cent upon dividends heretofore declared
from 1850 10 1862 inclusive, payable in cash on the
first Monday in March.
The Leading article in the circular OF Messrs|
Samuel Hallet e. Co., for the Boston steamer takes
rather somber view Of the condition Of the National
finances, and censures Congress for its dlatory
action:
There has been no important change In the condition OF
Washington since last Circular ssSe that due to
The natural course Of They travel o The House
hes yet taken 6na seon on the Treasury NI' e 20
ne ,s.. tho S viii then 20 to whsr.
NAV meet with delay similar TO that has .lcounrrea IN
H.. The ::nes, sasss
.. that week VIII probably end with the 1 sui uhos'
&C. H. mcs. time the expenses Of Government going on
rate that greatly impede the seton Of the Iiesa
.nr.. 1s' :. s..s sy
ann Ia the absence Of adequate syden OF nnsnce
s,.. .S'' II. Expenditure: paid bn,
.ccumuls,ips against the Treasury with fearful Ispy
ns" s. tsfo. u. credit Of VIII begin s
Persons with claim. to the amount perhaps Of
nov hrons 10 vain the dosrs o. The Department n ,hrs q,
hs in lie vsn "a specie an amount equaS o"y 'nee VI
''9 q. ~. isS int the interest the LILO cent. amount
scceOO f.iIs due The call for tho last OF
,.s bsSf io.n Of ESQ has been pad The GOV
b., il. own paper BE- paid and the
future be provided fo shor period iS'
and tns ~ o. more viii B. sdd.d TO 4.
n,s,spt liabilities mskins an ssrssae puoie dent 70 INC
s o -stuis In ali this e indifference and ,uPine
If CouGs and u the Treasury Department which SEEN
70 be utterly unconscious hs they nsvs ,s the
.,suios Of previous Administrations: With expenditure. o.
By ample ,syeaus; ..%Iea: into - ..psnSi
utterly regardless and indifferent " to esn: Of psy
-, s,sn ~ the national credit In the cri,i,
in 10 the relief Of Government ana pscea
hsr whole capitals m dspo.s Tn. source h,.b ss ssoSd
hsusted Congress just commencing tue "'iA WHICH
su. when the question. .s.os ' .snou in,H,s 81:
III. and expenditure Of huSdfeds OF millions
o ,hs dctsts of wisdom prudence 10 scs othef
go IN. With extreme dslibsaion and e.siiSn' vi TINS
cannot coppsn Bat We DO eemp'n o. tns ss Ts.'v o
~ u the crisis before them Of sns ~ %
prsnnosa uS'J ~ III Military plans OF Government
o" the h Of December Nj Chase told tue bans rreI
Int. Of mi. city that tho condition Of the a ~, h
~ .a,lr. M 10 the January ana tns' oe