The New York herald., 1863-11-11
TuEspAY. Nov. Io-sPM

| ton from yesterday, and comparative quiet yet
rests upon the slE1hoe; but there are unmistaka.
| bic signs of ignited embers beneath which q
| breath would almost kindle into raging fame
| Many assert that the banks have been iniudcious
1 and have applied the screws with unwarrantable
severity; and while this may in measure be true
Il will nevertheless be admitted that they have
been actuated in their operations to some extent
by that accepted law of nature which demands
| self-preservation.
We are firm ia belief that before the expiration
of two or three weeks ut the furthest matters win
take favorable turn and the market will become
as buoyant as the most hopeful could desire. The
government is easy in its financial affairs, with
large surplus of funds to meet any and all de-
mands upon the Treasury, and 1t now becomes Mr.
Chase to render all the relief possible. When hs
was in difficulty the moneyed men and institutions
OF New York came promptly to his aid, ana it In
now his turn to be magnanimous He
must anticipate the payment Of certif.
Gates OF indebtedness to an extent that
will not endanger the Treasury; he must meet the
current expenses Of the government as rapidly an
circumstances will permit, and thus return tho
legal tenders into their usual channels. and he
must issue the new interest-bearing notes, which
were promised on the lst of November. as quick
II as the machinery Of his department can prepare
them for circulation. When all this Is done We
shall hear no more at least for time Of 4 strin-
gent money market.
An element for partial relief no doubt s within
the power of tho banks. They have On hand TWEEN
tyfour millions oflegal tender currency from which
they can spare sufficient to meet the immediate
demands of the market, and thus quiet the excite
mcnt. The government does not require at pre-
sent the payment Of any portion of the thirty-ive
millioa loan, ten per cent OF which paid TO-
day, unsolicited by Nr. Chase, and if, instead OF
seeking another call from the Secretary, they
would contribute to keep in motion the machinery
of trade. they would be certain to retain tho
confidence of their customers,
The government is rcdeeming on the average
two millions OF dollars daily Of the maturing certi6-
Gates of indebtedness
Gold opened in the morning at lag, then rose to
li6lf; but by noon il down again to Ia5%
At the board IL commenced at 145, but rose =
halt before the close, In The afternoon IL became
quite steady at l455s ys, aud finally closed
az 1857.
Stocks felt the pressure the money market
at the opening, and fceded materially in price
Hudson River went down 3s4, Michigan Central
81 Harlem "a New York Central 2, Erie pre-
ferred s%, Cumberland Coal preferred u, Cleve-
land and Toledo a. Cleveland and Pittsburg ~.
milwaukee and Prairie du CHEN Q. American Coal
Company 8. Canton Company IL. Quicksilver
Mining Company 1s Erie ~ Reading l u, Michi.
gan Southern and Northern Indiana / Il, IliinoIs
Central scrip "a. GaIcna and Chicago ~. Pitts
burg and Fort Wayne - United States 5s. 1881,
registered M
At The second board and nt the Last sales Of tho
public board a number Of the railway shares rel
lied and sold for higher prices than could be oh
tanned in the forenoon Harlem advanced 2 per
cent michigan Southern lsa, Michigan Central
II Erie preferred n, and New York Central a.
There were others that went up slightly and some
managed to hold their own on the first decline
After the cose or the boards, however. another
falling of in prices took place and sellers pressed
on the market
During last week the Second National Bank was
established at Detroit Michigan; the First at
Circleville, Ohio, and the First at Marion, Iowa
The First National Bank Of Pi.tsburg, Pa, which
was formerly the Pittsburg Trust Company, has
been designated by the Secretary of the Treasury
as temporary depository FOR internal revenue in
that locality.
Mr. Cisco has stopped taking certificates of in
debtcdnesa and loan certificates in payment OF the
popular loan
Fic business of the Sub Treasury 70 day was a.
follows.
Receipts. ..................f IS cIo0lJ
Payments ............... .-............ 6l47l2A
Balance 81 ,335 .sr8
Included in the receipts IL sll9 900 for customs.
The Board Of Directors of the Pacific Mail
Steamship Company have Just declared a dividend
OF five per cent out Of the net earnings of the last
tirec months. which il payable at The Office Of the
company on the lith inst
rl,.
vana. declares ia sixty seventh semi-annual
dividend OF fve per cent. clear of national and
State taxes, payable on the 18th inst
A decision has been rendered in the New Haven
Railroad case covering the Schuyler frauds, 10
which refer all those who may feel interested.
It il made 70 obscure by legal pbraseology that
We acknowledge our inability 60 explain IL; but
of opinion that it isfavorable to the holders
Of the spurious etock The history of the frauds
may be told in very few words:-On the 80 of
July. 1854, Messrs. H. & c. L. Schuylers account
shove an overissue by shares to the extent Of
l74o7, and Of certificates for 64S shares, making
altogether l9,l45 spurious shares. or the IL ,49v
shares overissued IL $40 an issue originally
by certificates, first changed into an overissuc by
shares by the parties holding the certificates hav-
ing surrendered them and obtaining o transfer Of
shares from r. & G. L. schuyler's to their own
accounts upon the stock ledger.
The imports last week were large for the season.
both in dry goods and general merchandise, the
total being nearly four million dollars
For TIE Week 1901 1852. 1898
Dry goods ...,.. tc8i ,6sa 017 l,61s,ool
Gen merchandise. 1,2s7 1856 1,a49,45o 2,2sl,1A
Total for week.. N,02a.4oe I.77SA7e a,7s0.rss
Previously reported 100 1a9e22ooo l2 ,2ol
suco Jan siiI osa,sG i6l ,os1 $50 i6s.207 .sse
The aggregate value of exports Of produce and
merchandise. exclusive Of specie, from. this port
last week was %, ,339,oss.
Books Of subscription for one million of dollars
of additional capital stoch TO the Home Insurance
Company viii be opened on the 1oth Of December,
and remain open until the lsth.
Stockholders in the New York Central who have