The New York herald., 1862-11-08

Harlem pref. AN &eG hCeat BIDS rs. 105 u 1o6
Later in the day Che market rallied. and stocks
were in demand at ths following prioes:-C Centrl1.
lo4; Erie, 6.1I preferred. 9OH; Hudson, ~
Michigan Cenifai. ss,<; Southern old, 495s; Eli.
nois Central. so; Gale1a, si1s; Toledo, Gs11 Rosk
Island, 821l. and Pittsbarg. flT.
sThe large revsnae Of the government from cus.
toms and intcrna, tsxes may lead Congress 70 a.
tempt anew financial policy In December next. n.
Stunning that the aggr6gato expenditures Of goyesa.
ment at the prcscnt tune are $500. 600 900 year.
considerably moro titan hslf this sum will be raised
by taxation. At the Treasury Department il y
estimated that the income from internal revenue
which was rccLonei &. SILL, 900, 600 by tho Com,
mttee of Ways Gaa Means--will exceed @lTs,.
600 900, and there are many persons competent 70
judge who deem sa60 900. 900 low estimate. n
the internal rcvenne amounts to $3.50 900 900 and
tho receipts from customs to $75 900, all thas
Mr. Chase viii require Tor the service Of The
year will be Si7a 900 600. or say sl5y 900 80
a month. Could not th,s now be borrowed On
reasonable ter,ass Nill not the large income Of
the governmer. crensually satisfy capitalists q
the merit Of gevorrment securities as an invest-
ment, When BIZ. Chsso determined to issue
paper money aud make u a legal tender he did 30.
not from any abstract londness for tho paper money
system, bui because he had no alternative. The
government had no revenne to speak of, and
money was required In such large amounts thas
IL was impossible % borrow it. But now that
the public revenus from taxes and customs bids
far to amount 70 over onehalf the total cxpendi-
tuyos Of government for tho prosecution OF the
war, would 1t not be roSsibie TO borrow the ba,
lance at o fair disoouat, And put an end to tho
paper money system which was accented with n.
pugnance by Mr. Chase. and whose absndonmens
would DO hailed with delight by the peoplef
The farm mortgages OF the old Milwaukee ana
Mississippi Railroad arc being rapidly settled o.
the basis proposed by tho committee Of July last
vis Cen per cent cesa for the eight per oenA
mortgages, and twoDty. Eve per cent cash for VI
ten per cent ncy,saess. and on assignment q
stock and credits tlsreto belonging. This arrange
mcnt has yielded holders about forty per cent cash
fer eight per cert mortgages and about seventy
per cent cash for ten per cent mortgages, which. u
seems, is generally doernod more satisfactory than
prolonged litigation. The trust 0under which
these settlements are naadc In understood to e.
plre in January next. But fcw Of the holders a.
thosc mortgsges can be traced. Attention IL called
to tho advertisement in another column. Thos0
who neglect attending to their interest In tlmo
nsS, in . few months. find that they havo no othse
option left but to abide tho farmers good will %
settle or 70 Esigate 70 the bitter end, witheus
benefit 70 either farmer or mortgage holder.
TLe bondhslders Of the La Crosse and Milwsulsa
Railroad this day empowered their trustees -
ACQUIRE the wstertown road, which will give ths9
= through connection with the West independents
Of the Eastern division.
The basiuUss Il the sub-Trsssury was ss follows