New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1864-04-21
Money has no1 been reported any scarcer by
toct houscs and T. cent may be uuotci the rate

shares and SPECULATIVE enterprises LENDERS do net ook
9Th favor and eysct high rates fsr accommodation
Tho baplh paid largo sm0ant Of legal tenders and
=, cent not upon certified checks to-day, and wfl
have occasion 20 repeat the process tomorrow Some
of them ore weak and are Obliged 10 ask avOrs and us
whole IN no condition 20 do anything bat 20 get
Themselves back upon safe ground 1t was Industrious
ly reported to-day that Mr. Chase had become alarmed
at tho fan in Government stocks; that he had sent six
tceR millions Of plln gree nbacks to New York. that ne
was largely in debt to the army and contractors, ana
THAI no Intended TO relieve the money market BY
paving he debts with more currency The stories are
whole ale inventions 10y spectators. No notes have
eeen received, ara expected, for the
simle ueason tina. the ten.fOrtes popular enough
to supjy the Treasury. What tho country wants Is
less SPECULATION, cnd not currency. Its l0As are
now worth par 10 quantities enough to pay full hall tne
eost Of the war Railroad shares ere dear at much less
thar present ouotatioDs. A sound National Govern
mel is quite aJ necessary as railroads or BANKS ana
such a Government is sure to be maintained Capln
s too far Interested now to recede The natona
eucls the cst Of all the railroads and the bank capa
the couy II is as widely distributed, ana ts owl"
ers as sure to protect IT, wheGher they own II IN postage
currency or in 5000 notes. $40 in gold interest
The sooner spectators and factious fraction Oh pe
bank managers of the covntry realize that tho "o'e
ment ant the people do PIT exist solely for their oehe
the br for the nation is ~ be kept solvent 70 matter
whit ,riyate interests suffer. The Secretary OF the
Treasury is now fully master Of the situation ana can
keep !. until the Northern army moves with success
Tyompson's Bank Note Reporter says:
Money is unite t3sht. and the old GEARING Hous
hars arc rtsJTtnC 10 unfnancid expedlenis 10 ne's
che Ks and drafts uon them Balances are settiee ~
the Clearing. House with tokens ce" oIt 80 ,rjr
o- lin in this vice bank belonging 70 the Cjear ng
" use that gets e.ort takes to clearing ON.
ttee some of its choicest assets. and gets 10 ceht
az their market value in Certificates bearing = cent
interest With these II pays its balances 10 the otcr
banks Practically. snug, sound bank Is competed 20
loan 10 a weak expansive concern all balances al q
becIt interest f,r indefinite lcnethOf time Hence
Il bank contracts is loans II gets these token3 Inc
National Banks do not belong 20 tbs 8 cent token
ring; and on Monday, In the mdS: o. the panic. the
Bank of Commerce broke loose from the Clearing House
Certificate dodge. and demanded g9enbacks IN ITS
large transactions. This alarmed many OF the other
Clearing. N0pse banks and they attempted 10 screen
themselves from greenback payments BY certifying
checks and drafts "goOd through the exchanges;
thus virtually admitting their inability 10 Pay money
That portion Of the public who uuderstsnd the dodge
of the street Immediately bid lG2 & cont premium oi
money in echange FOR checks on the banks that showed
/ tits white feather.
This Is al there is in the resrt hat SreehDachs are
II Is quite evident that the Bank OF Commerce mast
60 back iT1o the T. cent token ring and abandon IL
National Bank practices Of p5J ing and beng PAID Il
money or the ring must abandon IS a. cent tokens
Checks and drafts the National Banks and on the
Bank of Commerce are rs good rs greenbacks anu a.
National Bank currency Is equally good.
| OF Mr. Secretary Chases policy The Bank Note 4;
porter Gays:
II s important To know 81 far rs possible the ftE-e
policy of the financial minister Of the Government
and especially at this time, whom, 10 make gambling
specusions profitable, al uncommon Hood Of fase -
sertOns and theories damaging 20 the pubic credit are
The e1citoments got up IN Wall street by gamhler'
in Stocks and Gold aie photographed everywhcro-1z
gggeraied-aDd the outside pubic naturally ieeI thhl
there Is some great wrong somewhere, when, IN fact
there 10 nothing wrong. There IL only hullab1sot
among the bulls and bears
Mr. Chase will press right on with the National Zen
Forty Loan Just On he has begun. There viii b. No
change in the Of interest He will make no ter 20
rery leans OF the Banks but win take money from The
people the Banks az Ve cent interest p1yahF on
ten davs' notice heretofore; and he viii run the
usual Ene Of oneyear Certificates lie Will sell The sur
plus gold from customs after setting aside amount
sufficient for six months interest and use the prUoed
as the spirit and letter OF the law demands partly in
sinking fund and partly for the current expenses O. h'
Government.
He etDeas afresh to The .o,,. in this the most t-yinf
military and fnancil Rod Of the Rebellion, 70 come
forward with heart and mG-cy. lie Is reducing th'
volume Of currency gradually ana WI continue % q,
So 1.-THE stock and gold gamblers shall again attempt
the game they played last week he VII bring the Whole
power Of the Government and its whole meaiI. both
here md abroad, 10 cheeknatc them.
The Secretary Of the Treasury relies upon tfe fcope
for the avs and MANS; upon the Army for victories
and upon Congress for adequate taxation.
The people will 70 his help with every dollar that
can o. appropriated. This is their true Interest, II Is
their trne safety. The armies Will now do their part
there ia alternative but yic.ory Congress All do its
duty. dare not falter
10 ts1se capitalists who complain that Mr.. Chase
ought 70 pay higher rate ofintees We say pouiedy
that p cent obligation egcinst the American peope
j. bette than bond at any higher rate Of interest
vi Tlglfegukly from
extorti generously iaVested or your counrys oause.
is and will be through al time VALID But grind yonr
cOnntry-g grind the American PEOPLE In their time Of
distress and want-taie ShylOcks bOnd-Gnd II will
take than the interest you get over Ger. 10 de-
fend your claims against the political tribunals that viii
Wei AID wise would II be fo- you TO come forward
with thai spirit that inspires the people, and TO-
for this emergency lay aside tue spirit that governs the
usurcr. Your property yOnr money, your al is at
stake. You are in miserable minority at the ballot
boxes Better either come - th3 standard Of equity
and right or bag what gold 900 can and leave this
hemisphere.
The sales OF I0-40's are increasing. The First
National soils s544 $50 to-day and transfers $500 100 10
the Sub. Treasury upon drafts
The following shows the comparative imports
Of Foreign Merchandise tie exports Of Produce and
Merchandise and the shipments ofBpece ut the po- Of
New.Yorl, from July TO dates
Is0I-82; 1929. 1s63-s4.
Exports produce. l26,1t6,e52 I5JE9lH l[Il5r19i
1ports tpece..... l2,52529+ 47,9l5,8J5 +Os4o,4l2
The following viii show the exports exclusive Of
Speoe) from Now.York TO foreign ports for the week
ending pril le, and since Jan. /:
| 1862. 1SG3. 1864.
Total IN tho week. ,.... SL83lG29 f27i4s36 s3toJH
Previously repoTtsd.... JrS0ldh Sto1H05 459iC1H
Total since l.. s3s,lso,4Go s59,+ll<s5 s958G,76s
d San Francisco dispatch dated April 10
quotes mining stocks &C.. follows ophr, g. 500 per