, 1864-04-18

| eminent Is selling it ut That, Any quotation
| OF gold above that point Is fictitious and
gold in which the ostensible price is twenty
four cents higher than gold eau be bought
| for obviously has nbt the purchase Of gold
for its object and euch operations are OF
exactly the came nature as tho bets made be-
tween the thfmblerigger aud his aseompllce
Such are the operations in which gold goes
TO 1s9-operations between gold gamblera
| to catch third parties and such operations
are made to any extent without q dollar
changing hands or being ever seen py either
purity. Al this would do. comparatively ;
/ tho news goes abroad that gold has gone up
| to these hig figures, and the retail dealer IN
| the ncceesaries of life, even 1t he knows such
q rise 10 be unreal, makes it the prcsext for
| adding five or ten per cent to the price Of the
articles he deals In, and thus the people are
| cheated. = =
lFrom the N. 7. Times Money Article, April 15.1
/. We understand tho Secretary Of the Treas
ury Is in town. and the following announce
ment for tomorrow, 18th instant, fo.-
lows his arrival:
to commence the payment Of tho Coupons for tho
FIreTwenty Bonds falling due on the 1st pro1fmo:
When full Coupons are presented In numbers Of
thirty {E) or more, of&1ractional Coupons in num-
bars of twenty 20 jog more, they ,mast be ascon.
panied By Schedule for examination. Checks
Will be gwen for them In the order they recetv.
completed. BlanE schedules vii be furnished
upon application At tho Interest desk Of this Office.
r...t JoaS J: cIsco hssistant Treasurer.
The eales OF Gold to tho importers, to-day,
to pay Customs, amount to 81, OFT, 900, al 1G5
per cent. Some of the prominent specula-
tors IN Gold, and on the present highly in
flated Railway list attempted this morning
Alr. Chase might direct, during his presence
in the city, BY giving unlimited orde:s to half
dozen or more brokers, to buy up Gold
without limit on the street corners, and also !
6id up tie price at the First Board of the /
Soon after the adjournment tie price ran
down to 174 per cent, under violent reac.
ton, on the mcrc suspicion that moro Gold
and Exchange would come upon the
market than the demand, o7en on
speculation, would readily take without dis
tfessing the money market at bank. where
grcenbacks are not over-abundant.' The ru-
NOR OF the street further ran that while the
parties were distributing their orders to buY
gold for effect, some Of their late confede-
rates in gold, in Eschange-p1aco, slipped out
o. tia ine MARKET for profit The sales Of gold
below yesterday afternoon. Tie exchange
market could not be made to sympathizc
with gold In the forenoon, and closed lower
than yesterday One Of tho leading banks
was seller on London, which raised Thy a.
foundation that Government bills were Ii
tie market.
From the New York Tribnne's Money Article,
April l5
The Secretary Of tho Treasury has been In
communicates to day with leading financial
people, and the street Is full of rumors us to
what he means to do. The report, which
gave the gold and stick gamblers the great
est alarm, was, TINT he would offer large
amount Of honda, upon moderate notice, for
the most they wonld bring, and steadily sell
n1ent This is the short and ready mode Of
killing oil the army Of spectators who now
damage the Goyernme enk really rs much US the
rebels In arms, but 1t is not apparent that he
is ready TO take this step at once, though hurg-
ed By the best flnancicrs Of the country.
/ Of business is too strong to suffer
/ such step to be taken without earnest
remonstrance, but this ia to be the 1nal ac-
tioD Of the Department, md the sooner 1t ia
done the better for all regular business.
Bank officers are arxious to know what Mr.
Chase Mil do, and with reason. They, are
dangerously expanded Us = body, cannot par
their debts except In interest bearing notes,
and are overload with fancy st9cksfsas co..
1ateynls. Many of the managers are deep In
Stock speculations, generally as bulls" and
sre inclined to foster speculations in that Ill
| 1EEl4uus EoQut VI kuGI1 EllQN LQe1E names 10
be used as decoys for Gold Mines, Copper
Stocke, &C.. and the sooner that Is stopped
the better. This they can do while Mr. Chase
gets bis plans rcady. Tho banks are not own
ed by their managers wholly, aud
must recognize public opinion which de;
n1ands an Immediate contraction. Ifft comes
to this, TINT they hnve to! turn out interest
bearing notes, should lose no time In getting
their funds where they, and not reckless
bankers, make the interest, The best mode
to Go this Is to take gold-bearing bonds, the
Eext to lend their money thcmsclves-npon
stocks, If they have the eourage to take 80
dangerous risk Eleven banks have, ont of
220, coo Of loans, no less than S13, 742, ,OGO
loaned to brokers. The sooner one-haif Of
these loans arc called in, and the Harlem,
Pacific Mail, Michiyan Southern and other
inflated co11aterals Weeded out, the better.
from The 1ribnne's Ed1torial.1
:. The gold furry does not appall us. Webe-
lieye 1t is cortriycd and engineered By great
foreign capitalists who have combined to In
vest heavily in our Public Securities aud
who naturally ecek.to buy them as cheap
as as they can. sqppose they hive resolved
cent premium. they can pay for them
With ELS, Cox, ,0Co sterling;;. whereas, with
Gold st forty premium, the same amount
would cost them over Els, ,0c0, Geo sterling.
To fecure the difference, they would natural
II export gold for sca6on at loss, and buy
it here at prices far above its valne, 50 as
to crowd the premium up to the high
est possible figure. But We ought
to have Government strong aud
vjgilant' enough to protect us against the con-
sequence Of such arts.