The New York herald., 1864-04-19
EFFECT OF fHR PANIC In WALL STREET,
&c. 10, Gc.


10 order 10 correct Impressions II Is proper
70 state that Presidents order q March last requires
that the amounts OF men raised by voluntary enstmens
DO made up April Is. and the draft be made soon
thereafter a. practicable. No authority Is given
for the assertion that will take place the first OF May
necessary and real delays connect
cd with proper adjustment Of accounts with view 70
draft but reports OF additional and unreal to
which currency been given, ouIy TO increase
the difficulties y
THE FINANCIAL PANIC IN NEW YORK.
The panic to-day New York stock market has
the OF general conversation and has for the tune
completely ecpsed In interest the proceedings Of Con
gross. and oven the prospective military changes and
operations Tho crash has taken people generally by
SURPRISE haviog than anticipated. II s
generally thought by ansnciers and parties Interested
that the furry will be and that parties who
are able to carry their for few days will yet
out al, right
HEAVY SUBSCRIPTION TO THE TEN.FORTY LOAN
Up 10 the close business hours the Treasury TO-
day subscriptions 70 the tenfory loan were received to
the amount OF millions Of dollars. Up to the present
time the subscriptions TO this loan amount to about
twenty-five millions.
PASSAGE or THE NATIONAL BANK IN THE
HOUSE.
The Pank bill passed the House to-day without much
or determined effort tue part of the opposition to de-
feat 1t. As lis passage foregoue conclusion ID
difficult to understand Why the business OF the House
was delayed even for hoar by facticus opposition
which could possibly result In defeating IT, There is
doubt OF is speedy passage by tue Senate substantial
" in its present shape.
REPRESSION or THE CIRCULATION OF TIKI STATE
BANKS.
The passage Of Mr.. ArDolds resolution by the House
to-day ny sixteen majority favor or repressing the
circulation or the State banks sufficient indication Of
the temper Congress- and warning TO such institu
prepare avail themselves speedily OF the
of the National Bank Law wind up their affairs.
THE FINANCIAL MEASURES THK SECRETARY OF
THE TREASURY.
The financial measures OF the Secretary OF the Tres-
sury will receive the endorsement OF Congress The only
regard passage there any doubt is the
Gold bill. which passed the Senate saturday, and
strong effort Will be made to put this through Also
PROPOSED INCREASE or DUTIES on IMPORTS.
Mr. Stevens to-day made several attempts to OBTAIN
suspension OF the rules to enable him intro
duce resolution providing for duties on
Imports OF Gfty per cent from is passage until July
The object OF this under be to prevent import
ers taking advantage OF the time which intervene
before the Tariff bill be completed
ard made law TO import large stocks OF goods.
upon which they will realUe the advance, while
government will nothing additional 10 the
present OF duty and the country be rapidly
draSed Of It's gold 10 pay for them suspension OF the
rules requiring . twotbrds vote and the opposition
strcnuousy opposing H. tailed 70 accomplish his
Some OF the democrats disposed to favor the
sure prevented by party considerations from
doing
some % the moderate democrats indignant at
the course taken by the democratic members o. the
House in making factious opposition 10 the ntroduc
ton Of the resolution which had been carefully
sidered in the Committee OF WAYS snd Means and
u response the general demsud increased taxation
Messrs stebbins, OF New York city, and odeH
Brooklyn, sustained the resolution, and with
other democrats. endeavored, but inenectu ually,
induce their friends permit its ntroduc
tion and consideration The pursued this and
oher important by the majority Of the oppos
members Is regarded suicidal by such of them
have the OF the country OF their party
at heart
TIM MISCELLANEOUS APPROPRIATIONS BILL IN THE
SENATE.
The Senate engaged nearly oil day on the Nscela
appropriation bill The appropriations for the
Agricultural Department, which hat been reduced ATTY
thousand dollars BY the Finance Committee, we're
stored TO the House figures There quite lively
debate between Nr. Fessenden, the chairman of the
Finance Committee, and Mr.. Sherman, chairman OF the
reference
pralions Mr.. Fessenden lectured Mr. sherman and
senate generally for hwsrng the efforts OF the Finance
Committee to reduce ,he appropriations. The salary Of
the United states treasurer Mr. spinner, vas increased
TO six thousand collars and other salaries HE bureau
to the extent heretofore recommended.
RETURN or SECRETARY cHass.
Secretary Chase returned 10 tAs ciy from New York
TO- night.
REPORTS rEgARDisG GENERAL N'cLELLAN.
Reports again circulation that General Grant IA
% isvor Of giving to General Mcclellan an important
command II is not believed that this be the
administration would ccucede IL. however willing and
ready they may be to allow him 70 carry out hs ovn
ideas In other matters
xvHStSG SESSIONS ~ THE house..
The members Of the House have evidently become
alarmed the general indignation which the delay ~
transacting the important business soeumuisss 10 -
great an extent has caused and disposed to 40
to work vigorously make up for lost time Hereafter
we are to bave two sessions daily, and " the memcsrs
repress their inclination TO msks buncombe speeches
the time lost may be partially recovered
INQUIRY IsTo rHE FORT PILLOW AFFAIR.
The Cominttee on the Conduct Of the War had al To-
terview with the President aud Secretary Of War this
morning regard 10 the At Fort Pillow
in order TO ascertain what additional inornsor hsd
been received reference H. and consult 10 whs
course should be pursued in the investigated was
decided 10 send sub committee Cairo evidence
aud Messrs Wade and 6ooch left this evening Tor thar
purpose
ADJOURNMENT or TIE SUPREME COURT
The Supreme Court Of the United States 70 day "a
journsd nns die. Judge Tauey presided, and vss sp
psrsnty in excellent health A large number d as
clsous were rendered In cases which have been tried
during The latter part OF The torn.
TIM yaRsrpxNr's RECEPTION