The New York herald., 1862-01-12
Conference Of Bank oflceTs with Sec
retary Chase and the Congress-
ional FinapIe Committees.
THE PROPOSITIONS OF THE BANKERS.
What Congress is Doing Towards
Raising the Sinews Of War.

Proposed Organization of an Irish Divi-
sion Under Gen. Shields,
&C., &C., &c.
WASHINGTON, Jan. II, 1862
THE CONVENTION OF BANKERS.
The Bank Commissioners Of the cities Of Boston, New
York and Philadelphia organized this forenoon eectng
Mr.. Mercer, of Philadelphia, chairman.
The idea Of going with proposition directly to the
Committee Of Ways aud Means of the House Of Repro
sontatves without first consulting with Secretary Chase
has been abandoned, and the Commissioners have de-
cded invite the Secretary Of the Treasury the Com
mittee Finance Of tho Senate, and the Committee Of
taion has been given and accepted and the convention
assembled for business.
The following persons compose the convention:-
,pEIEsArs IRON NEW YORK BANKS.
Mr.. Coe, American Exchange Bank.
Mr. vermilye, Merchants Bank.
Mr. Martin, Ocean Bank.
Mr. Gallatn, National Bank.
DELEGATES FROM PHILADELPHIA RANKS.
Mr. Rodgers.
Mr. Mercer
Mr.. Patterson.
DELEGATES FROM BOSTON BANKs.
Mr.. Haven, Merchants Bank.
Mr.. Valley, Revere Bank.
Mr.. Bates, Bank Of Commerce.
TREASURY DERARnnr.
Salmon p. Chase, Secretary Of the Treasury.
MANcE COMMITTEES THE SENATE.
Mr.. Simmons, Of Rhode Island
Mr.. Sherman, OF Ohio.
Mr.. Howe, of Wisconsin.
Mr.. Pearce, Of Maryland.
Mr.. Bright, of Indiana
Mr. AcDougan Of California.
noCss COMMITTEES WAYS AND nnAss.
Mr.. Stevens, of Pennsylvania.
Mr.. Morrill,, Of Vermont. g. is ielas
Mr.. Phelps, Of Missouri. ostatc 81
Mr.. Spauldng, Of New York. s.f
Mr.. Corning, Of New York.
Mr.. Horton, Of Ohio.
Mr.. stratton, OF New Jersey.
Mr.. Hooper, Of Massachusetts,. u tn
Nr. Maynard, Of Tennessee.
In the conference Of the bank Representatives TO day
with the Secretary of tho Trca Jury asae Finance Com
nittee o the Senate and the orse Committee Of Ways
end Means, the bank men snbnitsed q proposition com
prising che following points,
/. Eaat in suof the proposed tssue Of one hundred
ana ty milloss Of demand notes, and making them
lss tender TIM goverumont shall issue Gfty millions Of
demand notes. convertible into per stock
dssmabs inssn years, and ondS and fifty millions
srsma notes. bearing six percent interest," payable
- two yeGru.
| q That the Sub Treasuryisw shall be repealed, and
Sh. hants ehs,l ho psad .,, r all s,
money sscept that reOeiys1 from customs.
g. That Congress shall pass joint resouton declaring
that esl pass revocos bill providing for the raising
Of hundred and twenty five millions per ann anf BY
taxation &C.. in addisien to the receipts from customs
4. That the sccretary Of tho Treasury shall be autbo
terms rate Of interest," and also obtain Temporary
loans by hypothscstng stocks in anticipation Of saos
Tho proposition received without comment from
sither the secrctaryo the committees i.dicang the
opinion entertained szd another interviews to be held
Monday.
The proposition has not apparently made favorable
impression to be regarded plan to benefit
tho banks instead Of tho country II will not probably
be substituted for thewe considered plans already ma
sured by tho committees Of Congsess The issue for
circulation Of notes becring interest," and coz sequcny
changing value from day to day, regarded pecu-
.iarly Objectionable. The whole proposisisa, 1t is
thought would deprssa instead Of elevate tho charac-
ser Of government securities.
Tho Committee Of why's and Means have already ma.
isured bill providing for raising revenue Of one hun
md
bills already reported will complete the measures con.
ismplated in reference toEnancial araiss.
CONDITION OF GENERAL MCCLELLAN.
General McCellsn's health is still rapidly imprsying
He Is to-day entirely convalsscent.
ALL QUIET ALONG THE LINES.
Tho army telegraph reports all quiet tsroughoutcur
army Of tho Potomac to-day.
<HE CONSPIRACY or THE RADICALS AGAINST TEa
ADMINISTRATIONS.
fermentation exists political circles in Washing
ton which menaoes serious trouble within the next few
days The sum and substance Of the agitation slavery;
but the ostensble attacks upon the administrator include
only side issues. Discomfort has finally crept into portions
OF the army particularly among Western and Northwest
officers and their mep with respect 10 the inactivity OF
Gen Mcclellan. This Is fcstered, by every means, by
the abolition ultras. Senator Wade told tho President
lately, that he was within mile Of he'll and Greeley
whom Wade jastingly told that he ought 10 be again
created Commander in Chief Of the United States orcss
announced that his programme would be to telegraph
for onward movement every where Fort bonroet
tho Mississippi, aud from Ship Island TO Cape Hatteras
that, "though should got licked at points
DO victorious somewhere" This is about type OF the
noisy egostica natical outcry Of the abolionist ex
tre,!sts. They cavl continually but propose no plan
visor tsan that Of Commander chief Greeley Neyor
thcless, they have carried away with them no incons
de able nunte Of members Of both houses who short
time sinco wcis 1rm and unshaton in their confidence
IN both Tho rrosidsns and General Mcclellan. lao stan
Ff''f1s .rs y n tr NdiH lanf