New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1864-05-21

,oo ,,.r, and the evils Of circulating interest
hnor,ns snyrepcy would be avoided. II these
ro,os we're made exchanReable for ordinary
IleoaI,anders there 10 no reason to doubt
that large reduction would DO shown In the volume OF
the currency 70 the advantage Of the Government In
evcyything it buys and TO everybody who lves upon
his labor or upon fixed income. 1t would hurt specu
ators and damage everybody who has bought commod'
os mon credit but 1t would be Of infinite benefit to
all legitimate business To argue against the use OF these
notes on the ground that il would advance the Govern
ent rate onteres In the face declarations by friends
Of the Treasury that the rate will steadily be reduced
is of little avail The Government pays over five per
cent upon all its funded debt now, by ndirection, and
under the existing mode Of borrowing, constantly ex
pands the currency and really pays inflated paper
prices for all ii buys while upon the surface IT appears
as though the Treasury was worked upon gold basis
Whet the Government requires is the most thoronge
tax bill possible, including tax upon sales OF every
description and tariff which will yield the highest
revenue. With such tax bill and tariff system Dor
rowing would be largely reduced the value OF National
securities increased including the temporary
100 notes. The six per cent PLAN which the Depart
ment is understood TO favor possesses many OF the
merits of the 1905 but there is no time to educate the
public as TO the value Of six per cent note compounded
for three years. The 100 note is fully appreciated and
the notes would surely absorb the now excessive cur
rency of the country and largely assist return toward
specie payments.
Freights are dull, but the market is rather
frmer To Liverpool the engagements are: 1900 bush.
Wheat at 3D. in bags per neutral flag, 100 cs Lard at
lis Cd 30 bales Cotton al SOD y n and per steamer,
80 bales do at 3D. To London 800 hhds Sugar at COS,
100 boxes Bacon at 25s To Glasgow: 500 bbs Oil at
22s Cd To Amsterdam l,oo0 bbls. Flour at 2s. 3D.;
30 bbs Ashes at 2 In charters We learn OF an Italian
brig with 10000 bush. Wheat to Cork for orders at
6s 3D. or If to direct port c. 3D. y quarter; and
neutral vessel TO the South Side Of England with 1900
bbls Flour al 2s. 3D. " Dbl The carrying rates for
American and neutral flags are To Liverpool-Wheat,
6la7d; Flour Is Cd d2s. Beef IS. ass. Cd. y tee
Pork Is 2s. Ga. T. Dbl; Petroleum, IS. Cd. 06si To
baoco. Us, Cd. 25s. y hid. Heavy Goods. is. a
IFS Cd; and Cotton, 3l6did To London-Wheat ca
ID; Flour Is. cd. d2s I'D. Beef As AS. Cd. Pork,
S. ass. Cd. Petroleum, IS. Cd. 06s.i Cheese 25s q
27s I'd; Oil Cake 22s Cd a 25s Heavy Goods, 22s. Cd
ass; Furs and Skins lis. Cd d22s. Cd. y tun. To
Glasgow-Wheat g d7!d. bush.i Flour, IT, 9d.0
2s 3d.; Petroleum S. Cd Q6s. Rice, IFS. Cd 22s. Cd
and Heavy Goods lis. Cd. d22s. Cd. q tun.
Money is abundant at sac cent, and upon
mixed colaterals to second.rate borrowers
The First National Bank sold 1921 800 OF
IO-4Os today and paid Treasury drafts for 100000
The Boston T,arcller says that Money Is
very abundant and likely to continue 80, or even be-
come within short time still more plentiful The best
loans and discounts negotiated at cent Interest
and commission but the common street rates are u
and y cent
The State Treasurer Of New-Jersey will open
bids on the 18th June for State bonds redeemnbe as
follows 100000 the LIST of January, 1857 $4,000
on the Of January 1885, $4,000 on the LIST Of Janu
ary 1852 and sl0O0o the lst Of January 1890 bear
ing interest at = cent. and exempt from State taxa
tiOn.
The movement of Dry Goods at this port for