davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1863-09-07
The Approaching Revolution In On
Banking system.


This is the period of revolutions-social, po-
litical, commercial and financial. Among the
laws passed by the last Congress was one COM
pletely revolutionizing our banking system
and authorizing o new national currency. For
the first time since the establishment Of the
old United States Bank the national govern
ment has assumed the control Of the currency,
and the State banks must suffer In consequence.
The capitalists seem to have discovered the
existence Of this law only recently; but, al
though only four or five banks are now actu-
ally doing business under the new system, and
none of the currency is as yet issued. yet from
fifty to sixty banks have fled their papers with
the Comptroller of the Currency, and will start
as soon as the new currency is ready for them,
which will be in October. The banks are
mostly small, with capitals OF from 500, 900 to
$500 900. The largest bank organized under
the act will be the Third National Bank OF New
York, which will begin with q capital Of
TO nfty millions. OF this bank Mr.. Freeman
Clarke, OF Rochester, will be President and 1t
will be the greatest bank In the country.
or course the Wall street papers, the organs
OF the State banks, object to this new order OF
things, and grumble at the changes twill make
in the currency. Such objections are oil in
vain. however. We remember that the substi-
tuition Of the State stock banking system for
the safety fund system in this State provoked
the same sort Of interested remonstrances.
Nevertheless Il was successfully carried out.
Now this new system simply substitutes United
States stock for the stock Of individual States
as the basis Of our paper currency, and places
the control Of this currency In the hands Of the
national instead of the State authoritiee
Every one who knows anything OF the consti-
tuition Is aware that the present State banking
system is q mere evasion OF the article prohi-
biting the separate States from issuing money.
This evasion has been allowed because II hap.
pensd to be thought convenient and expe-
dent The time has now come when Il would
be extremely inoonvsnient ana Anexpe-
dent to allow II TO continue any longer. Con
seauensly the general government proposes to
assume the powers delegated to 1t by the con.
ssitlt.n and by an act Of Congress the control
The New York herald., 1863-09-07

Our very latest despatch from London states
that the United States Minister in Paris had been
instructed TO protest against Napoleon's proceed
ings in Mexico.
The London Times of the 9th Of August says
| the United States cannot make war on France on
account Of Mexico. the FIRST really offensive
threat against Napoleon would be the signal for
the delivery Of the Confederates."
1t is said that European loan has been pro-
posed in order to start Macmillan as Emperor in
| Mexico
The new notes Of France. England and Austria
to Russia on the Polish question had been pre-
sented. They deny the position taken by Prince
Gortschakoff in his reply to the first notes, and
again firmly assert that Russia has not fulfilled her
engagements entered into in 1915. The Car is
warned of the gravity of tho present situation.
In the German congress the Emperor Francis
Joseph's scheme of federal reform seemed to en-
counter more approval than WAS first predicted for
it, The sovereigns at Frankfort are said to have
accepted, with some notifications Of no great
Importance, that portion Of the proposal which re-
lates to the composition of the federal directory.
Consols closed in Londeh on the 27th of August,
at SO 931S for money. The market for American
securities was firm but quiet. The rebel cotton
iOdu cApcIlcuCou diVtHtT sHBHt uuNhhCc. AHc
Liverpool cotton market was firm, with quotations
unchanged on the 27th of August. Breadstuffs
were quiet and steady. Provisions steady.
MISCELLANEOUS NEWS.
The steamship Champion, Captain Tinklepaugh
from Aspinwall 9th ut., arrived at this port yes
terday morning. The Champion brings the mails
and $279 .043 in treasure The news from Central
America is not important being mostly taken up
with the movements of rival chieftains and polit-
cal aspirants. From Nicaragua there IL nothing
new, except that the government had put a stop
to the sche Y of the Transit Company Of dam
ming up the; Slorado in order to turn the bulk of
the water in3o the San Juan. In Chile great deal
Of excitement prevailed in regard to recent disco
veries Of gold and silver mines.
The Douglas and Breckenridge Executive Com
mittees Of the National Democratic Committees
will meet to-day, at twelve O'Clock, at the st.
Nicholas Hotel in this city, for the purpose Of en-
deavoring to settle up old difficulties and fixing the
time and place for holding the next Presidential
nominating convention. The following are the
names of the gentlemen forming the committees
The New York herald., 1863-09-07

DOUGLAS COMMITTEE.
Sylvanus r. Lyman, Maine.
Alfeus +. Snow, ". Fl.
Chas. G. Eastman, Vermont.
Fred. G. Price, Mss.
Jacob Babbitt. Rhode Island
VIM. F. Converse. Conn.
August Belmont, N. York.
Jacob Van NosdaIe, N. J'scy
Rich'd. Hsldeman, Penn.
Thos. N. IAnahan, Msryl'd.
John A. Harman, virginis.
Rsbt. z. Pick, N. Carolina.
WIN. B Gauiden ,S.CarolinA.
W. w. Meore, Florida.
Oatley H. Bynum, Alabama.
Thos. Cottman, Louisiana.
Thomas Flournoy Arkansas.
James craig, Missouri.
G., Knox Walker, Tennessee.
H'y G. Harrison, Kentucky.
Hugh J. Jewett, Ohio.
Fl. W Harrington. Indiaua.
Murray NcKunneil. Illinois.
Benz. Follett, Michigan.
John X. Sharpstein, Wisc'n.
VIM. II. Merrick. Iowa.
Henry H 6tbley, Ainu.
Jas. A. McD0ugal California.
The New York herald., 1863-09-07

the port, and thus out of the main supplies
from the rebels. From this port arc sent the
for the new iron-clads lately built in England
are to be despatched from that port, and the
mails to and from Rebellion 60 out and in
there, and yet our blockaders are rendered
powerless by the lack Of a sufficient force of
yeasAla
The New York herald., 1863-09-07

BRBCKINRrD0E COMMITTEE.
Moses Mcdonald, Maine.
Paul r. George. N. Hampsh.
H. r s'toughton. vermeut.
lsaac n. Wright, Mass.
". Beach Lawrence, r. l.
VIM. W. Eaton, Conn.
Augustus Srhefl, New York.
John G. Rafferty,, N. Jersey.
Thos. B. Florence, Penn.
G. s. Stsnsbury, Maryland.
VIM. II. Clark, Virginia
Sam'i P Hill. N. Carolina.
A. P. Calhoun, 8. Carolina.
Geo. W. Call, Florida.
T. J. Burnett, Aiabama.
y. H. Hatch, fouisiana.
Robt. W. johnson. Arkan's.
Hunter, Missouri.
John c. Burch, Tennessee.
Henry c. Harris, Kentucky.
w. 8. Y. Prentiss, ohio.
VIM. H. Talbot, Indiana.
II. 8. Fitch, Illinois.
Cornelius o. Flynn, Nich.
Dr.. O, Everts. Wisconsin.
Herman b. Heath, Iowa.
Franklin Steele. Minnesota.
lansing Stout, OREGON.
n. g. Gregory, California.
VIM. @. whitley delaware.
E. J. McGeshee. Georgia.
Joseph r. Davis. Miss.
H, r kunno1lN. TAxa1,
The New York herald., 1863-09-07

The september session OF the Common
Csunctl.
hs ssxt meeting Of Tho Board OF Alsermen must bs ov
special call At the Iasa session they adourssd ~hous
dsv The action Of the Councilmen, however IN passing
the a 200 couscrps the Mayors vc,o and
irrespective Of the 81 900 appropriation for the same
purposs sandw,ched BY the sapervso will render IN
Immediate meeting Of the Aldermen necessary.
The New York herald., 1863-09-07

ASSIGNMENT or CoNscRrPTs TO OLD RxaI-
xrSrs-The order issued by General Candy,
permitting drafted mea or substitutes TO enter
auy Of the old regiments from the regular army
or volunteer regiments from the State Of New
York at present on duty here. is likelyto have
a very good effect Already we hear OF many
couscripts who have determined to profit
by II. The regulation preventing any inserfe-
renee with the decision Of the men Is a,judicious
one. Il II but right that the regiments which
have established character IN the nald shall
be allowed the benefit Of the addition 70 their
srongth to which their reputation entities
them.
The New York herald., 1863-09-07

NumSor uraIseo; o;.'...'.....''......... '5'aT
NuuDer requlIeu .s..............A,o ,o4l
COnscrtptS IN camp. .O
Furnished substitutes. ACKNOWLEDGEMENTS. 24Z
P0l0 cOmmutatlOn. ............ 0Sl
Rev. DR.. Chaplin preached his first sermon TO bis
congregation yesterday since his return from Eu-
rope. The church was very much crowded on the
occasion. A synopsis Of his sermon will be found
In another column.
There was better feeling In the stock market So
tu-day and prices generally higher than Friday.
In the afternoon the market very buoyant THIS
mainly due To the Improvement IN the money market,
which worked smoothly. Borrowers oil able
supply themselves without too great sacrifice. Gold
Was l3l, and exchange 1&3k.
Cotton Hrm and In moderate request on Saturday.
The breadstuffs trade less sctive and there
decidedly less nrmness In prices OF -four and wheat,
while corn was doing better. A fair business was
reported In the principal kinds Of groceries and prov
sions. Pork closed higher with speculative nqui
~ The market steady for hay hops sceds and TO-
bscco, which In good demand. Tailow less
tive and rather lower. whskey was held above the
views II most buyers and quiet Oils, hsh and sole
leather saeable at uniform quotations Hides
in less request Tho freight engagements were limited
but rates steady.
The New York herald., 1863-09-07

DEsERTIoNs FROM THE ARxY-We notice.
with satisfaction, an order from the War De-
partment which will correct grievance that
has not been unfrequent of late. Men belong
ing to regiments that have been mustered out
of the service have in several instances been
taken up and tried for desertion. To spare our
brave veterans the humiliation of such an
ordeal, the order directs that military COM
mission of from one 10 three officers, detailed
by the officer under whose command the alleged
offender is held in confinement, shall be ap.
pointed to investigate his case. II the facts are
as stated above, the penalty Of desertion Is to
be remitted without trial, and the man sent TO
the nearest place Of enrolment to be mustered
out. If, on the contrary, the accused cannot
clear himself Of the charge, he ia to be assigned
and sent to one Of the regiments from the same
State serving in the same corps or department
in which the regiment to which he formerly be-
longed served, for trial or such disposition a.
the division or corps commander may make Of
him, according 70 regulations, to serve out the
time lost by desertion. This will have the cf-
feet of doing away In . measure with the
extreme penalties inflicted by courts martial,
and OF restoring TO the service many q brave
fellow. L-
The New York herald., 1863-09-07

THE WILMINGTON BLocKApE.-No one can
doubt the efficiency Of the blockade at Charles
ton or ut Mobile, nor have they had reason to
do so for some weeks past; but we would again
call the attention Of Mr.. welles to the inca
pacity of our blockaders off Wilmington to pre-
vent q constant and regular communication
being kept up between that port and the British
West India Islands. Within few days no less
than six armed steamers have arrived there,
besides the regular mail steamers between that
place and Bermuda.
The entrances to this rebel port of entry ex.
tend over coast line Of more than twenty
miles, and TO guard IL the Navy Department
has only eight effective vessels on the ground.
These vessels are commanded by careful, vigi-
liant and loyal officers, who are anxious to
do their whole duty, but who are not able to
prevent the British vessels going in. Most Of
our vessels on that blockade are of heavy
draught, and are not able to run In upon the
shoals, and the light draught vessels, when they
do 60 in, are subjected to heavy fire from
rebel batteries located along shore. The steam
frigate Minnesota s there. q floating hotel, Of no
earthly use, unless blockade runner should, In
the dark or in fog, run into her. The Iroquois
is sent In chase Of black SMOKE" and one or
two Of the vessels are always engaged in duties
on the station, so that they are not there when
they are wanted; and in this way the blockade
runners have II their own way.
The Wilmington blockade is of vast import
ance 10 us, as Charleston Joes not now afford
the rebels q port by which 70 receive supplies.
Nearly all Of the goods. received in Rebellion
are now obtained through this entrance; and
yet, with all the knowledge in the possession Of
the Navy Department, they suffer this blockade
TO be 80 outrsgeously snd shabbily provided for.
It Ia the duty Of Mr.. wellcs at once to send YES
sells enough 70 that place 10 efectuslly shat up
The New York herald., 1863-09-07

-. SCOTTISH oAxrl-rhs annual 'ssauss- u shs Gale
.,., up VII take placa wsdsssday sexs, % jcas'
wcoS ne Usual feas ''jumping The hurdle I" rscnx
,a s.css" "tnrowiue the hammer" he. viil bs gre
,hrouxn ssvuid aid soaua1saace bs forsos' We hok
uoA
The New York herald., 1863-09-07
MasAcaI.

ve learn that Nine. hsdori the popular prims donna
o. Mr. Mare sexs opera troupe, 10 san IN tho Ara
bla. from Liverpool, and that she win arrive here as'a
tho sixteenth Of this month. Al Of Nhret,sks arss's
save Mme Ncdori, already here, and Ar study
number Of OPERAS never given In this sounsry se'ose
- are bsyosd a doubt. TO sve ths mosA oriilss ope
rss,s season New York has ever known
nj. rumorsd that Mr.. eras. whos ns~ r""vs' ~s
engaged the celebrated NM. Pesco - pr'mA Soma"
nm sroape BrigDcii, Amedso, snsni "a ."~ so9sos
ars sleo enssesd by Mr. 0ssu.
The New York herald., 1863-09-07

vv-rvArs !, Joxxs1 wosp rms wxHx-rnere vm - soss
,..,,.,s /. ,cses' wosd ausias ~ sssss wssk rrs
rare for ssns BsAsssS'' w"ou !" wsdpesaAy shs
.. 80 AZ the CAurch q Ne Aanusosaslos of Mss-
..I,,. "a a vSsday shs Festival e - CA~ssh q
:. ...s..o..neos, % ssooaa Avenue tNM
The New York herald., 1863-09-07

of the currency is placed where the consti-
tuition designed it 20 be placed-viz in the
Department of the Treasury. This is perfectly
legal and constitutional, and il is useless to
waste words in grumbling about it.
Nor do we think that the State bank mana
gers and their Wall street organs will find any
sympathy in their objections to the new system.
Although we believe that Secretary Chase
might have managed our finances better in
some respects, yet We give him credit for 9
little ability, especially in regard to his frat
loan, and we must side with him. and not with
the State bank interest in regard to this matter.
The fact is that . uniform currency has been
one of the greatest blessings secured to us by
this unhappy war. We have not the slightest
hesitation in pronouncing the local bank
currency system an immense nuisance.
1t entailed heavy burthen Of inconvenience
in travelling or in remitting money.
Brokers and money changers fattened upon II
like vermiu upon carrion i anrioheaa coun-
terleiters and counterfei. detectors, and We have
no doubt that protest against its abolition
would be signed by all the disciples of Monroe
Edwards. Bills perfectly good in one State
we're partly or entirely worthless in another.
Business men were obliged to make the subject
special study in order to distinguish good
bills from bad and current from uncurrent
money The notes Of hand Of well known in
dividuals were preferred out West to any of the
issues Of the local banks. The people in that
and every other section of the country hailed
greenbacks as q godsend, because they could
travel with them, remit them, hold them or
make purchases with them without fear of hear
ing that the bank had broken or suspended, and
without suffering from the shaves of brokers.
If we we're to 60 back to the old system upon
tho resumption Of specie payments, we should
be pestered with the same annoyances and in
conveniences. Paper money Is more used than
specie in business transactions, and there is no
reason why 1t should not be as uniform as
specie. Or to take the comparison the other
way, the various States might as well authorize
corporations to issue various kinds Of specie
money as to authorize them to issue various
kinds Of paper money, and the recent cooper
token" mania gave US an idea Of the muddle
such course would produce. Now, as the
new national banking system is undoubtedly
constitutional, legal, popular and beneficial,
what can the State banks and their organs do
about it? Let them fold their togas about
them and die gracefully and silently. f
The New York herald., 1863-09-07
NEWS FROM TENNESSEE.

General Burnside Reported In Knoxville.
, CINCINNATI, Sept. o, 1868.
despatch has been received In this city 70 day. an
nouncing that General Burnside entered Knoxville, Ea
Tennessee, on the 9TH inst. No particulars
MxxrHs Sent 3, 1885,
Brigadier General Carr reported here or dnty iass
night and has been assigned TO the command OF the IN
wing OF General Hurlbuts army, with headquarters st
Cornth.
Every thing 10 quiet along our lines.
Considerable cotton has arrived here during the psss
three weeks. Mkssth
The New York herald., 1863-09-07

The examination Of drafted men in the Fifth
Con gressional district of Massachusetts, has been
completed, and the following II the result - enc
The New York herald., 1863-09-07
THE SITUATION.

Now York. Monday. September :, lsss
New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1863-08-21
From Fortress Monroe,

FORTREss MONROE. Wednesday Aug. ~ lE6J
The steamer Kcnnebcc sailed this morning,
from Fortress Monroe for Newbern. ~ &.
The steamer John Rice arrived early this morning.
from of Charleston. Shc brings additional news.
The ordnance ship 81 Lawrence is be placed under
the command 81 Capt Phenr, who has been for long
time in charge Of The Navy Ordnance ut Fortress Mon
yge,
New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1863-08-21

DEPARTURE or SAILORS.
large detachment Of United States sailors eu tnd
receiving ship North Carolina bound a. re-entorce
vessel in of our fleets As the authorities Tor SONG
other do not wish their destination or any
particulars mentioned this p0tse u tesk aspsstpse
must yptica 80
New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1863-08-21

Barr, L., % Lafayette place.
Bidwell' Henry. II Tenth st
Barnes. Levi. no Clinton place
Rncb Cb,i.t;sn 9NI Roweyv
pro,.n Stsnhsn IN VaricL q
49, 6- al "
bIacn, oeo. ! ~, ,n, az ", ,e.,, .,
Dasset'' rte'' 90 ,'i NJ w. I'm ,u'n ~
n DuIse, '9 I o'S so o'p Rpasd;y, -,
baiison' y MN 20 loo i III ;,
pp, = +. II i,n;ro,.;,v y,
,' ~ ". "'' 81, y"
New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1863-08-21

Salisbury, Theopbilus, 81 6th.s0
6tsdts, Corlains, 3 Astor-pi.
skinner, Peter, "a w. Houstopy
: Smith, Clifford E., 6S6 Brosds
Sharp, VIM, 200 I.h..t
StadPelts. Morris, III B'dwsy.
ekully. Edward, TAI B'dway.
Spencer. Chas. T., 10 9th-st.
Spicer, Chss. b., III 4th-st-
Snyder, Irving, 81 MacdouGsI,
I.Struckmer. A., HOW. Houstoui
Sale. Joseph, % Esst ute-ss.
2O4 Wooster-st
r. ~ ~
Taylor. Timothy, . 0thev, aft
Tr9wbidge, g., 846 B'dway.
Tobey, Tohn, 696 Broadway.
Thorpe, samuel, s!2 %th-st
TaggaIt. C., III Mecdougal-sh
/. Topp. chas., ID Ls}syette-pl.
Timolat, A., 1856 Csrrol-plsce.
Tissererand, John. rs 6th.sv.
Holland. F., rs West l2th.st.
Trsinor, Patrick, IA Broadway
Taylor, Thos., 80 Lafaystte-pl.
Thompson, A., 10 Bleecker'sts
u. o
Underwood, H.B.,s University
v place
vassel, Jas, 222 Thompson-st.
Watson. John A., 258 4th-st.
vanderpoel. J. W., 206 4th-st.
Nermilye, kobt., SO 8th-st.
vanderpoel, John, n E.l0th-s&
vedder, Sherwood, . Astor-pk
w.
Woodruff, L., 3ls 7th.av.
Witmore, H. c., "a w. Wash
iDgton-pl.
.Wythe, Robt. 40 Bleecker.st.
Williams, o., - University-pl
Wilson. Erastus, ~ Bond-st.
!. Whitman, Fred, Il Amity.st.
Welsh. Martin, cor. lsth-s3 md
Broadway.
White, Fred. c., 834 BoweTy.
Whiting, Fred. g., Fl 8th.st.
White, Ssml. p, 638 Bdwsys
Ward, John, 1885 Greene-st. i
Wilkie, James, 743 Broadway
Wei-man, Gustsyus, 136 Bdw'N
!. Williams, David, "a Minetts p3
Whaites. O., 2&th 9Th ~. y
Wilson, Porter, SO w. llth'se4
Whaites, VIM, 1871 Mercer-s0
Wilson, L. G., l6 BOnd'st
Young, Dsuiel, 40 MeTcer.st
New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1863-08-21
Zannoni. Francisco. : Leroy.plac'

Zannoni. Francisco. Leroy place.
THE FIFTY PER CENT LIST.
The following list comprises the Of the additlop
30 per cent drawn in the Fifteenth Ward to meet
Deficiencies Of the quota from exemptions by reason d
al Stability &c.
New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1863-08-21

Shea, John, til Broadway,
Bage, Sherman t., 236 <th-sk
Skerith, Geo. g., l65 Blescker.s
Schrada, Richard, - w. Hous
ton-st.
Sears, John, 375 4th-st.
Stotle, Jas, Is Great Jones-st.
Schultz, Carl, q Anity-st.
Spekeman, John. 80 l0th-st.
Shear, Andrew, 50 6th-av.
Simpson, Joseph, l40 6th.av.
Schwagert. Francis, 8 Amity-p
Stewart, w. r., ~ w. llth'st
Smith, Benz,
Thomrs, c., II w. llth.st.
Taylor, II. NJ, Q Canal-place.
Trow, Morris, 202 6th-av.
Thompson, L., Is East l0th.st
Thorp, n. b., 648 Broadway.
.rimpson. T. III University 7
Taylor. John, 143 Bleecker.st.
Taylor, Henry, Is w. l3th.st.
Ialcott, Thos., 142 Macdougal,
Tables, NJ. ~ East llth.st.
futile, Chss. f., 81 Bond.st.
Tyler, Hugh, Whiting House.
Upham, c. W., 1877 4th-st.
Ulsfeth, Peter, ITO Bleecker.s,
ysnduzer, J.R., 3 W.Wash. .pl
Vangeson, W., Broadway, be
tween 9TH and l0th-sts.
Vanterro. Lorenzo, II 9th-st.
Van Santyoord, 6 w. llth-st
vandyke, Thos., Z Z. llth.st.
Wes'erfeld, Jas, l69 4th-st.
Wilson, James, 20 8th-st.
Walker, h., 6,j Broadway.
Williams, Miles s, 1865 B'dws,
Woodward, Julins c., 1874
BroOme-st.
Woods, jill, New-YorS Hote
Whitney, Charles, l42 Mac
dougal-st.
Wales, Thos. 1874 Bleeoker-st.
Wooley, Geo. 1875 Thompson-st
Weiter, James, ~ Ainity-st.
Whitmore. J. s., S8 w. llth-st
Webb, VIM. q 5th-av.
Whitney, w. H., 7S B'dway.
Wynant. Jsrnes,2l1 Sulliyant
Whi'more. Samuel W., II w.
Washington place.
Whitman, Nathaniel, l42 Mac
dougals:.
Ysntx, VIM, 81 Mercer-st.
Yeoman, Danl.T. ,eS9 BTdw'y.
Zannoni. Francis
THE FIFTY /