, 1864-07-15

Matters Political. Financial and MtIR-
.fnr1-kullrbnd Ffci%hts.

New YoEK. July little Union State
Convection met Yesterday, at the Astor
House, to take action in the matter OF the
controversy between tie Union and old Re-
publican organizations. a quorum not be-
Ing present, the meeting was adjourned to
meet at Sasatoga SPRINGS
The several headqua1tezs' Of the regiments
under orders to leave for Washington, begin
to assume very lively aspect. Recruiting
Is going on with much briskness, and there
is at present ever. probability Of the rtgf-
ments being IN proper condition to respond
to marching orders by Saturday OF Monday.
At the convention Of railroad officers here
to-day, the rates Of freight were increased 20
per cent.
The Commercial eays: The Bank Commit
tee have adjourned until tomorrow. No re.
suit has been reached relative to the loan
Nj. Fcssenden proves to be strict coDstruc-
tionist, md declares that tho 1uw is against
Government funds, or accepting payment on
account Of loans otherwise thnn in legal ten
dere.
The probability at present appears to be
TINT the banks will yield to the Secretars's 8
viewe, and take loan Of fifty millions, pay
possible. at present It seems most likely
the loan would be upon 7-30 notes non-1ega1
tender.
More than one hundred Individuals have
alrc,t6r made deposit of 1885 each, Of which
sua, $500 will be paid to the volunteer, aud
Committee. Among those who have contrib.
uted TO this fund are several patriotic
women, and others who are legally exempt
from military service.
TIE MEETING OF BANKERS.
Money Article N. 7. Tribune, 13th.]
d meeting Of bank officers Was held to.day
at the American Exchange Bank to confer
with Secretary Fessenden. The mode oi
freeing the Department from its immediate
liabilities is the subject Of wide difference
Of opinion. One party argues that loans at
! the best terms a1ta1nablc should be the poll
| cy, and no more currency be used. while an'
other and very conservative body of bankers
are confldenr, that the currency must
be in come form increased, 50 that
oil. There is no denying the fact TIT
| legal tenders and National Bank NOTES.-The
| only currency recognized By tha Government
| US money-are scarce and boarded, particu'
| larly the Legal tenders. There is absolutely
| such deficiency Of legal tenders anu other
ironl agreeing to lend $4,000, ,oo0, until tday
| ind out how they are to pay 1t, without al
once sacrificing their dealers, producing O
| demand from depGsltors, the whole resulting
in contraction fatal to public and private
credit for the time. It is strongly urged thai
EHi1EACt$ ia SoA4t 4SslAt AHsh No fk3AAEtN
| by the Treasury, to bridge over Its present
urgent wants. At the meeting, of which
John E. Williams. ESQ.,. Of the METROPOLITAN
Bank, was chairman, no plan was sng
gestcd BY Mr.. Fessenden, or BY t6e
bnnks. The Secretary, in q brief speech
stated the circnmstances under which ht
addressed them. He rus new In Office, hal
30 plan matured, had no interest but that oi
the Government to serve, and came to tht
representatives Of the money Of the country
for old and adVtce. He wanted -s50, 0,0o0 ,0U
for the army, prior to the 1st Of September
and in the interval would digest bis plan. 7
Gen. Gnnt got possession Of Richmond b
| had one course; It the rebels oecuple'
quite another. A Committee was appointed
Of which Moses Taylor, Esq, is Chairman, t.
propose method for supplying the Treasur
for the present emergency. Mr. Fessenden'
speech 1nnde highly favorable Impression
and he will promptly obtain afl the assfstane
the banks can afford. The Secretary state
the amount Of the present National DEBT, in
cludiDg the reqnisitions, which correspond
with tie figures recently published.