The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1863-06-12
tons OF the day

The Sub-Treasurer reimbursed the banks to-day
ST. 750 900 in gold, that sum having been borrowed
some time since for the payment of interest. The
course of the money market, the progress Of con-
versions and the military prospect all combine to
render a further decline in gold highly probable
There is no demand worth mentioning for gold for
export or for boarding. There is no speculation
in the article, and the last spectators for the rise
have had their fingers badly burnt that they are
not likely TO tempt fortune afresh in that direc-
ton. Merchants who desire TO insure themselves
against the depreciation of the currency can do
so by the purchase of first class bankers bills,
which, for month or more, have ruled ~
per cent below the price of gold. If we take
Vicksburg, as seems to be generally expected
gold bids fair to fall to the point from which spe-
culation started it some eight months
ago. Every one must have been struck with the
fact that for sixty days at least disaster
had had no power to put up the price of gold, while
the least favorable rumor depressed it heavily and
permanently. The repulses at Charleston, at
Charlottesville and at Vicksburg each caused
lutter in the market; but it barely lasted day
in each case, and the premium Immediately fell
back. The reason is that the advance in gold from
ll5 to l73 was wholly the work Of speculation, and
was not warranted either by the amount of paper
set aficat by government or by any general lack
of confidence in that paper. The steady progress
Of conversons-which have averaged nearly two
millions day for some six weeks-proves that the
people at large have really more faith in govern
ment obligations than they have had at any time
since the war broke out. Under these circumstan-
ces there is no warrant whatever for premium Of
40 per cent on specie
The business of the Sub Treasury was as follows
to-day ttH
Receipts. 81, 270.6s4 20
rayme customs sol sss Ss
Balance 20 sos S95 10
The Brooklyn Fire Insurance Company have
declared q dividend of ten per cent for the past
half year.
The statements of the banks of the three prin-
cpal cities of the Union for the last week compare
with the previous one and the corresponding time
of s62 as follows:-
York. june isss7 sSssss ''e9si.s
E ESisn Sanss s s s aas sSs sS
s::. 3 g.
The statement of the Boston banks for the last
week compares with the previous week and for
the corresponding week of 1862 as follows
June l, 1868. June 8, 1868. June o. 1852.
Loans. ....$73424, 0o4 73,69l,s67 o20s9, 1873
Specie. ......, 7.7so95l 7,7ss,s57 7sss'4s5
Deposits. 80 ,575,786 31,!28 .2S6 26277,02l
.Croulation.... 6,ol3,226 1000, 286 6895,413
Mr.. Charles W. Durant, one of the original pro-
jectors of the Chicago and Rock Island Railroad,
has been elected President of that company, in
place of Mr.. Henry Farnum, who voluntarily
retired from the board before lie election, after
faithful service Of mine yesxs, dating from the
opening Of the line in 1854. A series of compli-
mentary resolutions on his retirement were adopt
ed BY the directors. .gTswoe taAi tia 9
Albert n. Nicolay sold to-day the following