The New York herald., 1863-03-29

something not embraced in Shc conHututon, was
purely visionary. He believed that either the in
stitutions Of the country would perish or the par
ty undertaking TO repress all freedom of discussion
would perish; and no also declared his belief that
it was the miasion OF the democracy to save the
constitution Of tho United States for the whole
Union. with every right which it protects COM
plcteIy re-established. The democracy was TO
seek, by every constitutional and upright method,
to obtain the control Of all the organisms of
government, and il it could not induce the present
Executive of the United States to change his poll
cy then it was TO possess its soul in patience till it
could give him constitutional successor. The de-
mocracy should rightf1lly demand that the con-
stitution with all its guarantees, be rendered to
the revoltcd States. and this without calling upon
the government 70 change its military attitude.
Application has been made TO the Governor OF
Delaware for permission to raise negro regiment
in that State.
Counterfeit "fvesp on the Bank of the Com
monwealth Of this city made their appearance
yesterday, and many shopkeepers suffered in con-
sequence.
The stock and gold markets were both better yester
day Stocks rose Ka1H per cent, and gold az. Fix,
change did not quite follow eold and quoted at the
close 1866 156k. Money worth per cent on CALL
The slight rise In gold, and consequently IN sterling
exchange caused activity in breadstuns Satur
day, with an advance on -four of 1oc, on wheat OF
&C., and of 1c. There was also more doing
provisions and Increased nrmness dscernablc pork,
lard, bacon and meats Wniskey triae higher
and in better request Cotton tolerably steady
price, but was inactive The grocery trade re-
srcted in part by the Storm sales were moderate and
prices depressed The demand for most other commod
ties limited. The freight market duh and rates
were heavy
The Financial Condition OF the Coun-
try.
That there is, both at home and abroad a
bilty Of our government and ne success Of our
efforts to crush the rebellion, must be evident
even to those least observant Of popular senti-
ment- We have had no great victories lately,
and have, on the contrary, been subjected to
numerous trifing but annoying reverses and
delays; but still the revival Of confidence is an
acknowledged fact, and its cause must be found
in a better appreciation Of the power and re-
sources Of the American people, both on our
own part and on the part Of Europeans. We
now begin to understand ourselves, and Europe
begins to understand US. How this result has
been achieved we shall not at present consider;
but its influence upon our finances is a matter
Of the utmost Importance and the sincerest con-
graduation.
Hitherto we have neither asked nor received
any financial aid frsn Europe. The press of
Europe has repeatedly warned capitalists not
to invest in American securities. Now, how
ever, we find all kinds of projects on foot among
foreign bankers for the purchase Of large guam
titles Of our stocks, and by every steamer come
orders from individuals in Europe to agents
here to invest freely In United States bonds.
This foreign demand for our securities has
caused an average advance of seven per cent,
and already foreign capitalists are calling upon
us to offer loan. At homo the financial pros
pectis still brighter. The conversions oflegal ten
der notes into fve-twenty bonds, so long and 50
foolishly neglected, are now remarkably active.
The subscription agent announces that one mil
lion two hundred thousand dollars were thus con-
verted on Tuesday, two millions Of dollars
during the last two days, and five millions with
in the past ten days These conversions will
probably average over FIVE hundred thousand
dollars day during the short time longer that
they will be permitted Assistant Treasurer
Cisco is receiving money on deposit at five per
cent interest. On Friday last he received a
million Of dollars, and the deposits at all points
will probably average fully that amount every
day. The receipts from taxes will average
three hundred and fifty thousand dollars a day
from this time forth. and by midsummer this
amount will be increased to five or six hun
dred thousand. The receipts from customs du-
ties average three hundred thousand dollars a
day in gold. Sum up these amounts Of con-
versions, deposits, tax es and customs duties,
and il is clear that the Secretary of the Trea-
sury is now receiving over $2,l5O,OOO every
day--more money than the government ex-
pends. If we have a financial croaker among
us, lot him digest his fact
The sunshine of spring lightens up all our
affairs. The speculation in gold has practically
ceased. The prices Of all staples, no longer
obliged to iuctuate with gold, are now gradu-
ally and surely settling down to reasonable
rates, and thus relieving the masses from a
grievously heavy indirect tax. During the past
two years the government has issued over four
hundred millions Of dollars worth OF six per
cent bonds, 7.3O Treasury notes and six
per cent debt certificates Zone year,, besides
legal tender notes, and our own people
have not only bought up all this paper, but
have also absorbed over two hundred millions
of dollars worth OF American securities senj
over here to be sold during the panic in Eu.
rope at the beginning Of the war. 1t is a glo.
rious thought that We are at once our own
debtors aud creditors, and that, after these i'm.
mcnse investments, there is still wealth enough
in the country TO keep most Of the government
securities above par, and the whole stock mar
ket buoyant. New Jersey disposed OF q small
war loan . few days ago, at an average pre-
MUM Of thirteen per cent. The war loans oil