The New York herald., 1864-08-21
FINANCIAL AND COMMERCIAL.
s.rrRn.r. susss, so-SP. M.


SsrtRnAr August 7o>S p. NJ.
M Fsssendsn Ia, and. ssxe hrs Departure
for Washington to night esor hss beeu mad,
We oelieve 10 induce him place fre,h 'sste o SUI
per cent gold bearing bonds the Market oui there
NO probability OF secretary sdoptsg the suggestion
as ts would course result IN considerable damage 10
xhe seven s4d ibSee tepths cuJrsacy tsn The
Influence bfousht to bsar up,n HIM IN ths dheeiion
comes IRON those 10 OF ,he inks
whose tsrms o usgoatou having been dec oed,
what AnLasonslsc feelisg has arissa between shem
and the roveruuent. xhicn the latter ousns have
avoided a. we be advised The proper for
Mr. FesssDcen % have pursued, In ths hrss aacs.
would been 10 SECURE tue corporation OF the old
banks oommercii strength tne country, 10.
stead relying upon Ise by independent appe, Co
Che people. AZ present tho government sraIos aoue
with than tour nuudred aud seventy parasiticai
national banks depeadlas upsn tfsr suypoct.
We have prelgd iav'r of the state banks
They are eovsrned entirely by mercensry motives,
~ all business c.rporatons n. n.ceSsarny are; but
We thiak ,ha. as they are the, financial relre,,
sentArves Of she oonanerce OF the lS<ry the
admnistratiup woald better by negotiating
Its ioaas trousn them. Nesertne as aGd
hreetcnihs loan bas bee. placed On the market indie
peudently them. sdvise Mr Fes~endAn 10 give
fair trial be inviting cripions auy reed
securities, so doiag b. wound be dam ging the nie
rests the cosry, would or curse sill NOR
than by what he has aieJiy done danags his own
reputation ;ons,steucs ntsnc,ai sbitv, wncn
we necd hardr remarx, ~ mean. OF the highest
order nst,rl
II is slmost ide 70 oironole the s'a,e OF the r,opev
d T. day. !, nu. easy and sluggish
the per cs,l L. lew tr,,nsac-
tiOns al SIX the lcca.DI,tia Il Iupas with the
tiona banks IS ieadas u fe4uc iea OF he Com
mcrca ods q Tue hrst riass ara discounted freely at
from eight; signatures are be2inng
10 be more closely nzei cllateEsls are
pu, up securities have t. submit u nd
vance. TINS shows slight tendency towards sria-
gency but tight mrney IS under preseu, cir
curasances, exceedingly improbabicK1 a % 4if SsA
Foreign exchange is very dull. Bankers ask loSh for
their three days bits francs are quoted at rom
SIC to 6l The elect upon goid Of the payment OF the
interest the Novesber coupons the fve.twer;y
loan and the September coupons the forty loan
presentation without any ahxenens of interest,
ordered by Mr. kesseaden will be TO deprecate It's value
and to strengbe confidence IN the mismauaged govern
OF country that but for the factions OF the time
and the incom potency Of the Ia power, might be
the richest and most powerful in the world.
The stock MARKET has still dropping tendency, and
prices particularly for Western railroad shares again
declined day. Compared with the sales at frst
board yesterday New York fell OF r. Erie Rail.
way u. Hudson River u, Reading n, Milwaukee aud
Prairie Chen 4, Michigan Southern 1, fi,nois Central
IL, Cleveland Pittsbarg q: Cleveland and Toledo s.
Chicago and Rock Island *, Pittsburg and Fort Wayne
l. Chicago ana Northwestern x, Cumberland Coal u,
Quicksilver Mining u, Mario 81 ~ Delaware and Hud
Canal u and Ohio ard Mississippi csrtidca.es a.
Erie preferred stock advanced per cent. a' III
The following highest quotations for govern.
securities at the Brokers' Board Coupon
1851. losas registered do 1851: coupon fvetwentes
49,
Der treasury notes, no. one year certificates. e5.
Gold TO day, and sold mostly the fractions
between 255 aud 256. als a-#
The Alstant Treasurer In this CITY renorts an