The New York herald., 1864-07-25

le amounted TO - 500 900 600 forty per cen, Of
the national wesi,b estimated at SIC, 400 ,cooo ooo Bus
England impoverished by IT, 20 perfect was ths
system OF tsxztcn sdopted period q onesual pros-
psriy followed ths return Of peaos and her wealth 70
now estimsted 20 be s3l so, coo 600.
We have quoted tbese figures 90 assist 10 showing tnas
With proper financial nanasemeas this country can bs
SAFELY carried out OF lhe macstrom which threatened,
under the polIcy OF Mr. Chase, 70 ensulph II
In the nrst two years the we incurred debt by
loans and pager Issues, 70 the extent cf than
fourth OF the whole amount OF the debt which
h has taken Great britain Q hundred and
ATTY years TO create, while during the same time our
annual considerahly ies than two thirds
OF that now raised by England on a peace basis. No
wonder then that this rate The cocnsry should have
bsen drifting fast towards national bankruptcy. This
ruinous has bees partially checked but we are
70 costinus . solvent people, We must submit
to far heavier taxaton and the bead OF the Treasury
viii require 10 be wss Sagscous and prudent and Win
full OF The we,ghty responsibilities OF the position
and full liberalization TO make the best Of tho situa-
tiou. In Mr. Fessendsn shall be glad 10 md sucn an
one hut he has yet further to reveal himself
The past week has been OF commercial dulncss IN
Wall street. contrasting remarkably with the compara
lively evenful preceding n. Owing to expectations
regarding and three tsnths interest Ia cur
renoy bearing Treasury note loan the banks have been
strengthening themselves agsiust anticipated drain Of
deposits Indeed they had good reason to do with only
ten millions Of sresnbscks in their vaults Exclusive
however, Of Abou, forty millions Of ave per cent legal
tender notes).
The strngeucy was severe during early part Of the
week, but moderated considerably towards its close,
owing Aow currency from the country the large dis
per cent notes by the govern
rent and the notification for and withdrawal Of large
amount Of temporary deposits Loans stock ccllateras
made freely at cent on call but the demand
very limited owing 10 the ndspostioD Of brokers to
carry tho face OF probable Of the
s,rpgency There very little nrst cass paper offered
for discount, and commercial paper generally, espe-
cialy In tho case Of produce houses, closely
scrutnized and met with little favor. Tho daily bank
average declined largely, as compared with previous
weeks under this curailment OF business, and specua
tion OF all kinds met with severe interruption, the dim
Guilty Of obtaining money and the uncertainty Of the fu
ture OF the money market driving many to close their
transactions ct a sacrifice.
The speculative demand for gold and exchange was
small there little OF the former required for
shipment while the latter freely efered owing to
the recent heavy reoxporan OF foreign products for
which no suitable market could be found here.
five may credit repors from Washington. Mr.. Fes.
senden win have his proposals and forms for the new
loan ready on Monday, and II there will be at least
OF the last few days.
Tho Secretary OF the Treasury has issued the following
notice to holders OF sevenhiry three years Treasury
notes. bearing date August 10, 1851
Holders OF the thirty notes, dated August TO-
1881, are notified that they may be presented INNS
diseiy, IN amount TO be- exchanged for six cent
bonts falling due after June 80, 1881 The interest
the thirty will be settled up to date OF matu.
rity August 9 and The six cent bonds will bear FOIL
coupons from July l. Tho ad dusnsrt OF iDerest will be
made by dcducng from the amount Of interest found 10
be due the thirty notes to August 10 the
crued Interest the six per cen. bonds from July TO
August Is. The balance will he transmitted by the
iressurer's coin draft Immediately uron settlement
When noes sent for settlement above they must
be endorsed pay TO the Secretary Of the Treasury for
redemption" nod must Re accompanied by letter stat
ing The knd-resistered or couYons-and the denomnR
ons OF tie six per cent bonds wanted to exchange
when registered bonds ordered parties should state
which OF following places they wish the interest
paid vz,--New York. Philadelphia, Boston, Baltimore
New Orleans Cbicago, St. Louis or Cincinnati.
The following the quotations OF railroad and mis-.
ceaneous shares az the close OF each OF the past four
v