The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1864-06-09

Sterling exchange was dull al 2llk 2l2 for cur.
rency and loeH loex for gold.
The loan market ruled easier to-day and money could
be had al six per cent good sec urities.
Gold opened at 1914 and in the afternoon sold at the
fractions above that figure
The bill which passed the United States Senate some
slime ago. having for it's object the suppression OF specie
speculatons, has been virtually killed in the House. II
Is the third or fourth bill OF similar design which
met the same ate and inclined the belief that
u would be better now to forego all special legislation
reation TO that matter and fall back upon the common
sense and legitimate plan OF Withdrawing portion Of the
government currency in the provided by the
bill Introduced In the House OF Representatives Tues
day BY that means the desired result viii be obtained
more speedily than 10 any other way, and the specu
sators who, learn thave made bets which amount in
the aggregate to hundred thousand dollar that
gold viii reach two hundred before the LIST July will
be taught realize the uncertainty OF future move
ments
The new Loan bin which has beeu introduced In the
House OF Representatives understand proposes
The issue OF bonds and Treasury the
-four hundred millions OF dollars, and TO authorize the
Secretary OF the Treasury TO issue and three tenths
Treasury notes, TO be substituted for any notes OF the
United States heretofore issued or in palmer terms for
abe purpose OF retiring the greenback legal tenders and
contracting currency. This will be another step
the right direction and will be strengthening the policy
which Mr. Chase has recently inaugurated and to which
called his attention months ago. He should deal
with the bonds which the bill proposes TO oer precise
~ resolved do with those which win mature
1ssl-pui them upon the market for what they will bring
either IL this country in Europe That is the most
really way Of keeping the government IN funds and by
melting competition among capitalists the credit OF the
government will be less liable 10 suffer than by the old
SOW coach method OF waiting for daily subscriptions
n nd 9TH In will he
lkey produce sautary effect the present feverish
Condition financial affairs and, II Mr.. Chase VIII carry
81 out ne has repeatedly promised be would TO the
tent o. his power be can check the operations Of gold
spectators aud he does not succeed before the close
hs present OF Office IN bringing the value OF the
currency IN close proximity TO that Of coin be may at
least the premium specie forty 10 fifty per
cent and reduce the prices Of commodities which are
indispensable 70 all classes Of the community.
The steamship Kedar, for Lvcrpcoi to-day took out
ga 900 SPECIE the Asia from Boston, takes out
so 900.
The secretary the Treasury has written the following
reply Inquiries made by the chairman OF the Loan
COMMITTEES OF the New York Clearing House.
NEw YoRK, June I, 1884
10 reply 70 Jour letter OF the sth inst. beg leave to
fAy that perceive elton, 1rst - receiving from
tbe banks sr per temporary certificates par
and accrued interest IN OF loans second, 70
reoevBg for such temporary loan certificates the ave
pei cent ooupp legal tender notes heretofore issued
par and accrued interest or third 10 issuing such ten
porafy certificates the form OF clearing house
ncaes 10 receiving such certificates IN payment OF
loans without the ten days notice In reply toyour In
quiry payment IN legal tender notes OF
uacscs issued upon deposits ~ legal tender notes can
Only gay that dstnc.o On 10 made 10 receipts pay
~ the between legal tender notes and
ttnA bsnk nOtes but tie Assistant Treasurer will
always be happy 20 nodae The holders OF oernn-
Gates by meuls notes may be preferred,
when The public interests allow H. e r. CHASE
The BossO1 export. las, week were sssaoso, asalns,
sos $50 81 tor the corresponding week In 1858. The
imports were ssTe,sTo. against sss1 ,i5e 10 lse3.
The following comparative sta,emeut shows the ave.
rage condition Of shs leading items q the Phlade hia
banks FOR the post ana previous weeks