New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1862-12-17
We iake the Following exlraci from Messr. Same
uallel g. Co.'s Circular.

We gave Last ,uch notice ,r,o. would allow Of
the report Of tho Secretary q the 1eauy. Ws then
stated ihat notwithstanding hi rda,-a Tat sner
srhsung he amount Of Irsau not,t 90 hard the er2end
lures Of Government be raised wholly from loans be
July OF the opinion that such mode ;uppJipg money
Wa 10 prove tn. notcs were the oy alternative L.
open. lis official ,6e then. to Prove tLis flct While
political or personal e5n.ide'asons led hin to so position
Mi Chde opens hf report by saying That II the
Of the sc year be expected to have been able
by loans all the money wanted by 0ovemncnt Tho
sion Of specie payment by te banks rendered hls
mode mpossbe uncts such ioans wcID laJLl m hr a. Foe
laion Of suspended banks Looms iegos'od u tie cfcn-
tion be sayi in is report would Do simply changes
tho det Oithe nation behfr irtert and ceTai g. boz a
for dsb,s Of. multitude Of oopomiors beals in'rrs
and certsn. In part never 20 be- psid.'
Such state of things be- t,ls u en alternative bat
is,uo Of Treasury Notes 1be were authorized b. ,uess
shst tie date Of biz report 42l sal lo
$500 10000 had been Issued leeying r5O'0OO wbrrcHih
" pay demand loan, aud sIO07toJ G available lor the
The pos dscaared the 'or,oes rendered ~
notes Issued sad their nhueroo upon pce. pai cn that
Of gold. Ia reference 10 the Arst le slys Tie nsi
adopted have worked vel their results have moro thsa fct
hled tho sntcpson' OF the 5ocfetty They save 60 the
Government svasble rqaa 20 their nonins amount
thlt could not Iebably heyo been feG erceq.
With reference the rise IN prices, ne Secretary
ground that there has boon 10 itaon due ncesir
tho currency ana nitancts he present Iro. ~ stTtl u
poit,D aoes Of coutunpion The nee IN the pf'c, ed
he stOutes to the Gcion o. SPECTATORS who have
for oir neiaiiouf purpose l the arts u the mk,t"
exports induced by tao tiniiy OF capitalists aud fsci
that since the tUsponon Of .pcco psy god has b.
come an article Of meci'diss subject 10 The odsry huo1
siions Of supply ard demand Wo do 40, tcse ey
tracts from TIC report cOnroycIt thsn hut % chow tie
line OF az mont adopted 800 insy rerslk 10y ere
not cnlstcd add 20 the reputation Of tho ief Minister
Of Finance. HE aGruio tla- virtue Of sucn,i1n
specie pos enta gold D1c, Article merchandise
subject tho o1iulry uciuaios Of supply and den
will excite the isiDei OF MOI lew who msJ hAqPea read
Llf report
Mr. Chss tasu .ho ground that wen with the issue Of
S2lAOOD0oO Of Ieesuiy note, hoc - still been no
the United States the H. day Of November 10 he tss
as wa tAen ssOJOOo 100. All tbs bra been DE-
mOAersd and los been wLdrGWn from the ha.is o
currency The increase ia bank circulation Ia tho sare
period $1,000 OuCO iucrtdso IN ITetsury nocs, 0
OOOOD The Whole Increase iG tine cnforry consequent.
according his Argument haf been only r2ApyOc-an
incea which be csu' hes not kept pace viii lie
"a the business II the country.
Nj Chlse further argues ihsl there {. ,nfson q The
currency FROM hi. In ncgoinf the cent ale
the Teinsinrs 100000 Of the Ji0.hs bonds lie says
"Ih0 difficulty which TIE tgkcf ~ lie recent loen OF -
63 $50 found IN obtaining the Uli ate with which
e. their cng genc to tho 1cl my Il very sructe
on THIS head IL points. indeed directly 70 tho concinion
tina, 3.1s Of United ii .ea Aotes n sufficient amounts TO
met ire disbursfmels could nrl be obts.nsd at
winch duo regard o. tie Interests Of tar payers would o
n fe Secreafy accept" In her words the croary
uesoao loans IN Treasury noiea a. rates he
! w0n.d sccep.
They sie too scarce 10 be lad ard no tolls in tho
parsgat that Government resort % borrowing only
when issue tol Treasury noesl has become tuhcieuy
large lust oSpccaiion That loans 81 notes can be
had those who hold obtain them htttt not less
than those Of coin loans before tuspenso"
la Other words be made to-day payable Ia de
ud u2es tssus hsNabe iosa.e0sd DO coHlfseted