The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1862-08-06

partmeni, for the construction Of new vessels-of
var, Toe arms for interest the debt and for the
civil expenses Of government II 10 probable.
however, that large bodies Of men can be fed,
clothed and taken care Of generally at less cost
per bead than smaller detachments; our new
levies may, perhaps, be kept in the field at cost
not exceeding $50 $500 per head per annum.
Bat n our army during the ensuing year
costs Ne 900 600 900, the difference between this
sum and 81 600 Ioco,ooo is pretty sure to be ex-
hausiea by the Navy Department, the Treasury
Department and the general expenses Of govern
menf. This expenditure is much heavier than was
provided for by Congress, and to defray it fresh
legislation win be necessary in December next.
Mr. Chase viii probably have to apply to Congress,
when next il meets. for permission to issue another
tl5oo 600 Of legal tender paper, and likewise to
negotiate q new loan. steady succession Of
brilliant successes, and indications of the speedy
collapse a. the rebellion, might lead to so active
conversions Of currency into bonds as to render
further issues OF paper unnecessary. But it is
hardly safe 10 rely ON such resource as this. The
government has not yet reached the limit Of safe
paper issues; there is no sign Of the currency be-
ing redundant Il still falls short Of the specie and
paper currency which was in circulation when the
war broke out. There will be no danger Of ex-
cessive issues until Mr.. Chase has set over $780,
600 600 OF paper aGoat. The war, to be success
full, must be vigorously prosecuted and speedily
brought 20 q close. II is better in every way for
the country 20 spend 81 900 900 900 in conquerng
peace at the end Of year than $500 ,000, 900 in
each OF two years.
The business Of the sub.Tressury to-day was as
follows:--
Receipts. s73S144 10
-for cusioms... .,...-........ $1,000 90
Iayments 705 JOB 10
tnlahcc .9.ZlOUol w
The exchanges at the Bank Clearing House this
morning were sl9ls2,s26 SC, and the balance
81 ,02l ,G35 20. i
The City Fire Insurance Company has declared
dividend Of five dollars per share, payable on
the 18th inst; the New York Life Insurance and
Trust Company, semiannual dividend Of five per
cent on the capital and o surplus dividend of five
per cent. payable on demand.
BY the Arabia, off Cape Race, we have advices
rom England to the 2cth Of July. Consols closed
on that day at 93h 93ss. At Liverpoofthe cot
ton market was easier for American, and other de-
scriptions were noticed as ID ga. per ID. low
er. Breadstufs were active. Flour was Cd,
wheat I'd. and Indian corn Cd. Is. higher.
last two weeks compare as follows:-
JL2S. Aug. 4
Ia pas. l; Inc 1874 s27
p1s from other banks ns
Duo 10 other banks 5919 o04 1884 242 Inc. 81 94S
Dec
The earnings of the Galena and Chicago Railroad
for the month of July were:-
II
100 iso's1A
Increase $40 $50
The earnings of the Michigan Central Railroad
Company for the month Of July, were:-
July, 1861. 81 80
Increase. ACKNOWLEDGEMENT lSSl1 80
Annexed is a summary of the business of the
Cleveland, Columbus and Cincinnati Railroad for
the first six months Of the present year, as CON-
pared with the corresponding time of the past:-
Gross earnings jan to June 1904 459 CT 7o $50 70
Expenses, interest and taxes. 2S1 800 rs 324600 So
Net earnings. .s222 400 SO 37e94o q
Dividcndeo 1--WE per cent 237 $40 90
Surplus $139 $50 ~
Increase for six months in 1862 over same time
in 1851
In net earnings. 154A40 90
The Director of the United States Mint at Phla-
delphia gives the following statement Of the de-
posts and coinage for the month of July
DEPOSITS.
Gold deposits from all sources. 1926 O65 OF
Silver and purchases. 32l70 10
Total deposits S26s 1856 II
GOLD COINAGE.
No Of Pieces. Value
Double eagles. 1888 500, 600
quarter eagles ................. IOS6O 81, 400
Bars. .......................... 6,636
SILVER COINAGE
Dollars. ...................... 1000 $1,000
Quarter dollars. ................. b2oeO IL, 200
Bars. 23S
TOTAL OBSERVATION-DISCLOSURES. 81 ,S02 SlS4c8
Cents. 3,O6OOO0 100000
REHABILITATION.
Gold coinage .................... 25s49 $i57 COS
silver ...................... oI,SO2 lS,43S
Copper. ,0Go 900 30,6e0
Iotai.. o,la1iol SSu6,I34
The Boston Journal says:-
In consequence OF the great advance In cotton
goods, the Ocean Mill in Newburyport, which has been
running only part of its machinery start up all its
machinery at full speed AT FAN River the watuppa Mill
is running half trne and the Massasoit threcuartcrs
time The Troy Min win resume operations this week.
stock Exchange.
$4,000 usss,is74cou ssss $50 shs I cRK.ceg 9,
LOGO Go 90. sSas 500 do. PIC 81
5000 US ss ISL coa ssSs 300 do. .pSc six
sSSS rrea $40 pen 1872 100 d do 81
5Uo0 do ........ l02's 200 do. ....b30 9IsSs
SSSS lsss e, 80 Fri, 81.
$500 illinois war IN IS 60 Erie RR preid. s5
1000 yrsiniae.s... ss 80 Harlem Rk...::: IL