The New York herald., 1863-03-03

Every steamer which now sails for Europe takes
sut some United States bonds bought and paid for
h specie by Europeans. The skies bought last
week cost the European buyer 50 q 55 cents on the
dollar, paid in gold Why should not Mr.. Chase
who Is alpowerful in the administration Of the
public lnances-take hint from these operations,
and offer some Of his bonds in this market for
sale for gold? To offer bonds for sale for currency
would probably result in failure which would
seriously injure the public credit and would stand
In the way of future negotiations. But sale Of
100000 900 500 900 900 United States six per
cent bonds for gold would disturb nobody but the
gold spectators, and the possession Of so much
geld by the government would greatly assist the
public credit II is in the power of Mr.. Chase to
get 500 900 600 Of gold in his hands by the sale of
bonds at what they win command in gold. With
Sl0o 600 ,000 Of gold in his hands, he would rule
the gold market supreme, and could keep the pre-
MUM down. Whenever the spectators showed a
tendency to run up the price, he could let them
have ten or twelve millions to carry for q while,
which would break down the market. As his re.
serve Of specie accumulated, he might resume
payment on his legal tender notes by some gradual
process, which can readily be contrived, and so
cause gold to fall to par, and enable the banks to
resume. II, in order to place himself and the
country in this position it 'were necessary to sell
5000 900 of United States SKIES for slOo 600 900
Of gold, who shall say that the money would not
sewell laid out? As for his paper, the country
requires it. The enormous expenditures of gov.
ernment and the immense increase of internal
commerce and industry which they cause afford
employment for all the paper money Of gov
srnment, and very little of it would come in for
yado
ks readiness to redeem it. What the
people want now is some limit to be set TO the de.
probation Of the currency and the advance in
gold. Men want to feel certain that they will not
have 70 pay $500 for coat or $3.50 for a pair of
boots next winter. The best way TO set limit to
Me advance and the speculation in gold is for the
Secretary of the Treasury to get half or more Of
al the gold in the country into his possession and
then the gold market will be as completely under
his control as the issues Of paper money.
Some Of the papers allude to Mr.. Chase's ap.
preaching visit to New York. 1t is not known in
ofhcial circles that he has any intention Of coming
here, though he may visit the city after the ad.
journment. The understanding among his friends
10 that he viii lose no time in supplying this mar
ket with thirty or forty millions Of his new Trea-
sur notes, after which Q loan will probably be
attempted.
The business Of the Sub Treasury was as follows
to-day:-
Total rseipts N.1t2,2e5 %
-" chhNmss.. ............s.....s..... Q3,OO0 90
o,lsIv1A -
s,stk, ,Z96 SO
The exchanges at the Bank Clearing House to-
day were the largest in the history Of the institu
'don-$73 ,5l2 ,22s rs. The balances were g.. .437-
Oil 81.
The British Queen, for Havaaa and Nassau to.
day, took Ont t7o,5a7 in specie.
The Corn Exchange Fire insurance Compsny
has declared q semi-annual dividend Of FIVE pcr
cent free from government tax, payable on do
nand; the Columbian (Msrne) Insurance Company
. dividend Of -four per cent ON the capital stock,
payable on the 10th instant.
Mr.. l.. @. Quigley, with Messrs. lockwood 4
Co. was this day admitted to the Stock Ex.
change.