The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1862-03-10
Isrom Cincinnati Price Current, March 8.
Financial and Commercial Summa
ry for the past Week.

OluCluHAbi EEACe OufEcAtS AAhEGu ..
Financial and Commercial Summa-
ry for the past Week.
The wonderful achievements of our troops
during the past month have produced an
entire revolution in the hopes and feelings
of all classes in the loyal States, and have
increased the confidence of the people in
the power and perpetuity of our Govern
ment to degree never attained before.
The courage of our troops aud the conquests
of our arms will stand in bold relief ON the
pages of history of the Western continent,
and be read by people yet unborn with
wonder and admiration. We have within
the last Eve weeks captured or compelled
the rebels to eyacuate Eve Of their strongest
positions, have completely demoralized q
rebel force $4,000 strong, retaken territory
equal in extent to GraaA DsiAs-s= sud Irc-
land, Holland and Belgium, and captured
over twenty thousand prisoners; and taken
provisions, arms and other munitions of
war worth FIVE millions dollars, including
what was destroyed. And not only this,
but have demonstrated to the world that
our people can lay down the implements of
industry and take up those of war, and af-
ter few months of discipline perform deeds
of valor which will live in history and
compare favorably with those of the vet
eran legions of Wellington and the great
Napoleon.
lThe demonstrations of power and indom-
liable courage displayed by our troops will
give the United States prestige and posi-
ton among the nations of the earth she
never had before, and will command the
fear and respect of those by whom we have
heretofore been despised or derided.
The continued success of our troops, to-
gether with the passage of the Treasury
note bill, which is now a law, have had
most favorable influence upon finances and
commerce, aad business men feel hopeful
and cheerful generally. The demand for
money has been fair, but the market con-
tinues easy for good business paper at 8(912
per cent.
After the passage of the Treasury note
bill, in the fore part of the week, Treasury
notes went up to premium in New York.
This unsettled the exchange market here,
and for day or two bankers were anxious
to sell at par.
Toward the close, however, the rates de-
clined to par in New York, but such large
amount had been sent from the West pend
ing the advance and the supply of exchange
thus largely increased, the market remained
dull and it closed heavy at par(9B prem,
selling rates.
Gold has become fat, having declined to
DEClls IN NOW L II Is Qull mere db
prem. selling and l do buying rates. The
bankers are not paying over 4 dis. for ex-
change on New York.
We publish the important portion of the
tEeaasgTYy antse. bill as il. passed both Houses
1. To issne one hundred and fifty mil
lions of legal tender notes, but they are
not receivable for duties.
2. The notes are fundable at the pleasure
of the bearer into twenty-year six per cent.
| stock, redeemable at the pleasure OF the
Government after five years.
| 3. That the Secretary of the Treasury
may be prepared to fund the notes and
maintain the treasury, he is authorized to
/ issue Eve hundred millions of six per cent.
stock, as above.
| 4. All interest ON Federal securities is TO
| be paid in specie. Should specie not ac-
cumulate from imports in sufficient amouats
| to pay the interests, then the Secretary may
sell stocks to the best bidders for specie.
5. The demand notes and all the one
l and two year notes now outstanding, all of
which are by special acts receivable for
all public dues" are to be cancelled by the
Secretary as fast as practicable. The legal
| tender notes can be re-issued as fast as
thew are received at the Government
Offices.
6. The Secretary of the Treasury is au-
thorized to issue any denomination of legal
tender notes not less than five dollars. 1t
ia understood that he will issue fyes, tens,
twenties, ffties, hundreds, five hundreds
and thousands.
All doubt as to Federal stocks, including
these z $40 Treasury notes, being exempt
from taxation, is set at rest by the following
clause in. the treasury note act just passed
by Congress: "And all stocks. bonds ano
other securities of the United States held by
individuals. corporations or associations
within the United States, shall De exempt
from taxatian by any State or county"