The New York herald., 1862-09-25

After the board, in the outside room here was 4
further advance in stocks Central sold az g7i.
Erie preferred at .sis, Harlem sold al la1.. Nchi-
gan Central at 7594 Southern sold at 37I.
guaranteed at 7os., Illinois Central al 70, Galena
at IS. Toledo az G4Is Rock Island at 7s,<
Cleveland and Pitisburg al S3ls
notice from The Sub. b.Iroasrry IN another col.
umn informs the public that deposits 81 gold viii
hereafter be received al the Sub.Tleasury On tie
same terms a deposits OF currency that is ,osay,
on call after ten days, and that Oh all sums which
remain in the Sub-Trcasury over thirty days iu
tercst at the rate 81 four per cent per annum siI
be allowed The object OF this new regulation H.
OF course, to supply the government during tie
next -four or five months Will cold IL raw in
teresi on the public debt. without obligjng il 10
enter tho market as 4 buyer. IT. eject win d. II
cause the withdrawal from bank ~ the spccial
deposits Of coin now placed there fol security ana
their transfer to the ub-Trcasuyy where thev
will bear interest AT present holders o. gold
on speculation or tor investment have to pav three
or four per cent 10 &c; il carried. Under the new
regulation. instead Of paying iour yer cent iheyw
receive -four per cent from the government fof the
temporary Of it. There can BE- but little doubt
but this regulation will have tile effect of
largely stimulating purchases Of gold. Prudence
long since dictated 10 many leading commercial
ouses the necessity OF insuring against dcpreci-
tion OF the currency by purchases Of specie. This
phcy would have been uniformly pursued but for
te expense OF carrying lrle amounts Of gold.
phere is now no reason whv merchants who are
doing large business, and whose profits may be
swept away by an advance ii gold, consequent
upon further Issues of government parer, should
not insure against this contingency by
purchase Of coin, 10 sbe deposited at the
Sub.Treasury. We now clearly that though
specie may decline three or four PEI cent at any
time IL is pretty snre 70 rule al a substantial
premium 80 long the war lasts, and. indeed,
until financial system is recognized. The risk
Of loss on deposits Of gold therefore, is small.
In case the depositor requires 10 the money
he has paid for his gold, the Sub Treasurers gold
receipt will be AZ available 10 borrow on as the
gold itself And finally, in the event Of further
large issues Of paper of such transactions in the
field as might lead 20 further depreciation Of the
currency, the depositor finds himself secured
against loss by the rise on the gold which the
government holds for him. II was doubtless Che
knowledge in private circles Of the probable es.
tablishmcnt - this new regulation which led to
the receut advance in gold from III TO ll9 IL
would moi be surprising II the price were run up
by purchases for deposit to l2j.
The following ii copy q reply TO an inquiry
tom n. Marsh, Esq, President OF the Erie Rail.
way whether the three per cent tax on coupons Of
road bonds applies 70 coupons due and paya.
b., On the lst of september lpst-
WAsmSc1os, Sept. q, 1862.
SAVIOUR letter sent N the secretary ~ tho treasury
tIs been referred 10 ms ofce. In reply have the
say that the solicitor q the Treasury has given
g. qIon thai coupons due and payable On the 1st OF
<gsu5ef, previous Thereto ars not subject % he