The New York herald., 1864-09-10

SSJ
The chic! talk OF the day has centred upon The
ods Tor the balance OF the 1851 lean. The reports
from Washington are highly favorable 70 its
success, and she eject was visible In the utter
noon 10 tac advance which took place in these bopds
from 1919. T. losI. The bids are said 70 range from
par TO los, with only small amount, However at tie
latter guse The average Of The bids already opened up
10 thirty one millions, is SUI ,osec % he about lo3
Some hive ieegraphec the opinion that bids below 10.
viii not be accepted. the aggregate OF the sums offered
being largely 10 OF tho oan We are clad 10 hear
OF the a!acry with which subscribers have responded
TO this cal bu. fail TO recognize the sound advantages
10 be derived from the sale OF per cert gold
bonds IN The present deprecated state OF The cur escr
Ihe governments will receive little than forty cents
on the dollar for its promises 10 pay together with In
terest amounting 10 than fourteen per cen, 10 cur
rency AS the Treasury has advertised It's willingness
70 receive the ave per cent notes in payment for these
bonds the probability that by the greater portion
OF the subscriptions will be paid them ior they are
mainly held By the banks have rot been 10 active
crculan as currency, coDsequesce OF their pearrg
interest. The total OF these crculaiu accord.
ng % The statement OF The national debt dated the Goth
o. August, was s79,377 5o2 and The Secretary of the
Treasury Is authorized By act of Congress 10 issue com
pound six per cent 10 the exten, OF the with.
A-awal Of the others Thus il would seem that the
sew issue OF gold bearing bonds win give The
Treasury rery little rell assistance, but will make
the OF currency IN proportion to tho
absorption Of the i've per This is say the
least questionable stroke OF hnancla policy, I, is
muc,ing Ire government in six per gold bearing
debt in pace Of five re, cent currency bearing debt
But doubtless ar. E,ssen3en believes, however erro
neousy thai The necessities the boar justify the course
oe LAS ,doaet. The system is however, wrong, and II
C.s pcrssyerci in cannoi but eveu,uate in dsaster
Nothing has yet been seen Of the weekly state
meni OF the national debt which sEould have
been published OF the 9Th instant, and q report
has caiued ground TO the effect that these state
mcnls are 70 be discontinued in consequence OF the
rapidy augmening mass OF unpaid requsous. II this be
so il il to be regretted affords further convincing
proo that Mr. Fessenaen lack. tue judgment necessary 10
tho proper OF the national finances nj this
critical period Secresy fosters disrust, and the suspen
sion OF the weekly statements cannot but arouse that
doubt and uncer ianty which will tend 10 magnify We
ebarrassmens Of the Treasury aud far more harm than
god will result from the endesvor keep tho people 10
Ignoraucs ohe iacts We, therefore, advise that the
weekly statements be continued as herosofore whatever
may be Tho coadaion OF affairs represented
The proposed plan on the part OF the associated banks
for depogilng twenty millions OF dollars in legal endea
in certain bank supposed be the Bank OF America,
has, We informed, not yet been adopted; notwth.
standing the Of some Of our contemporaries to
the contrary The object Of this fund, created will be
as wo mentioned yesterday 70 dispense with The govern
nent certificates OF deposit now employed at the Clearing
House. aud the certificates Of deposit 10 the dess
mated bank ustcsd which case the whole or greater
portion q the temporary deposits COW lodged by the
banks with the Treasury would be withdrawn, and
the reserve currency held by the Treasury 70 meet this
emergency would have 10 be issued.
The October coupons Of Rhode Island State bonds
viii be 30 at the American Exchange Bank in this city.
Tho October coupons Of the rs mortgage bonds the
Vermont Valley road will be pAd September 10.
The movements Of foreign dry goods at the port Of
Ncw York during The weeks ending August 81 and sep
tembsr are exhibited In the follow ing table,
IL L. LIZ. Ia -.