The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1864-06-11

Tor currency.
The gold room was crowded this morning with persons
who drawn thther under the expectation that sales
would b made at two hundred Tho prics started At
1881 and after touching 100 the msrks. became rather
weak. and the premium fell 20 97k but subsequently
rallied tis and worked On the fractions above o.
Abe following Senate bill, entitled an act % check
specaasions IN gold viii b brought up 10 morrow satur
day) n The House OF Representatives for nnaI action
We learn that party Win Be applied 10 H. and that
It, passage Is almost cersain:-
Be enacted, DC That u shall be unlawful n mako
gold coin bullion or Of any foreign exchange, 70 Do
delivered ~ time subsequent H. the making Of such
s y q sny o ss or
euon or Of any foreign exchange, upon any other
terms than The immediate manual delivery OF such gold
corn o. bullion, foreign exchange, and che immediate
in full Of the agreed price thereof by the manual
delivery United Ststos notes national currency and
not otherwise or 10 make any contract Whatever for the
sale lean or delivery q gold bullion foreign
exchanges. Of which the mxktns sucS contract
shall uotat the time OF making be the owner In actual
Sec. That shan beiur,her unlawful for any banker
broker other 20 make purchase sale OF
suy gold bullion Of any foreign exchange.
say contract for any such purpose Sale Al other
psce than the ordinary place OF business o. either tho
seer or purchaser, ovned or hired Or occupied BY him
Individually or BY partnership Of which hs s q mem
sec 8 An contracts made 10 volaopaf this &C. shall
be absolutely void DEE
sec 4 Any per,on who shall violate any provisoa Of
s n sa q & oec and ana S 90
inprisored for period ess than three mouths nor
longer than one year or bosh a. the discretion Of the
SEQ s. The penalty imposed by tho fourth section Of
ths may be recovered action at Law any
record OF the Iued States any 81 competent
tsr.sdciion. which action be brought the of
na ,o py any 81 s r. wis .ae 'or sac
other hall for the NJ the person bringing such action
d the recovery and salts sctinn OF Judgment 10 any
such acton snail BIO bar 10 the imposition Of any nne
Cor the ofence IN prosecution instituted subse
auent 70 the recovery II snch dsment but shall not be
bar to .bs intclin OF pun- hment by imprisonment,
. provided by the fourth Section.
Sec g. All acts and parts or acts inconsistent With the
provisions o. this act repealed
correspondent writes for information In relation 70
some OF the government bonds as follows
win you Please state what difference there ia between
The eocaped binds Of 1881, nox selling At llsb, and
We nsetwcnty oonds, now senlng at Jos and also
be issued and either OF the bonds mentioned above
thought that all Of those mentioned psyisg. ov
purchase I'VE ,wcnties log. 70 prcnt IN pay
Ing for bond Of another name that but the
obtilncd par, viii bonds bearing six per cent be
worth ll8k'
answer the above win state that "Iopg bonds
tasss av,ng the greatest years rum are
tho desirable for Investment and always command
the highest premium. The bonds Of 1881 arc NOS
rsdesmabs In seventeen years. while the ave sweuties
mature Eve years from 1888. Tho differences between
the bonds which the government proposes 70 issue
eight cent PREMIUM which Ia the market value for
similar existing. SIX months interest In CON-
and the fortics which being negotiated very
small the only advantage which the former claim
the lstts, stated Tuesday, being In the length
Of time which thsy have run The ten forty bonds
be obtained at par In smoupts low ATTY dosrs
ana they cannot Be claimed for redemption until after The
year lsvt When the loan absorbed they viii 10 doubt
command premium, ~ they viii unquspt,oDAby b. In
demand By the national bsnks u form basis for
their issues ..
Tue bids for tho 100000 volunteer soldiers family
aid fund bonds win b. opened To- morrow (esturday n
two NJ. by Comptroller Brennan, At his cics In tie
CITY Hall Park these bonde will boar Elk per cent In.
terest, and win be redeemed November !, 1879
The Sub Treasurer In ths city reports today as FOL