The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1864-01-06

at 1891 The closing quotations. of stocks shows
that tho advance of the morning was not fully sus
tanned, although the market was quite steady.
The quotations at the gold board to-day we're
a. follows
81 O'Clock A. M .l6ix Tx o'oocx A. M.....lb1X
OK O'Clock 4. y. .i5s ls O'Clock =. .islx
10 O'Clock A. N. l6lH g. O'Clock ?. NJ .l5lk
IL O'Clock A. A.....l6l*
The gold market was exceedingly dull in the
afternoon. there being no change in the rate Of
premium after twelve O'Clock aud very few sales.
The cotton embargo which was established by
edict Of the Secretary Of the Treasury, and tho
dangers which have been thrown around legit.
mate transactions by q multiplicity of military
orders. all susc sptbe of various interpretations
have created considerable dissatisfied ton in tho
Southwest, and some of the journals which are
in the interest Of Mr.. Chase in all his pre-
tentious and, ambitious desires arc condemning
his course in,regard to the movements Of cotton
in very strong terms. The Cincinnati Gazette, ono
of tho leading republican organs Of tho West, Is in
favor Of free trade in cotton, and Of allowing pur
chasers to make the best bargains they can with
the planters. without regard to the proolvties of
the latter in relation TO the rebellion. 1t says the
system now practised by the government. through
its agens and informers, Of stripping the planters
Of their property in every where they are not
able to show they have never aided the rebellion
is pernicious, and only tends to intensity their
hostility to the Union, and prevents them from
returning to their allegiance and acknowledging
the federal supremacy. The order, ~ it
now stands, requires every landholder, be.
fore lac Is permitted to dispose Of his pro-
duoe to our traders, to prove that he has never
given aid and comfort to the rebellion; and il. he
fails to establish clear record Of loyalty he is
either despoiied ut Of his property or its dis
p0sal prohibited. A case recently before the
United States Court at Cincinnati will serve to
show what proportion of the proceeds Of cOnfis-
Gated cotton goes to the United States and what
part drops into the pockets Of government officers.
The case in question was the forfeiture of sixty.
Eve bales Of cotton, the proceeds Of the sale Of
which amounted to $2O,8i2. In the distribution Of
this amount the following order was made-
70 4. T. Carson for storage, &c.......... $3.50 %
10 r. ~ carson, fos Ices ................. you 70
TO E. T. Carson. as infofmer ............. sAsS u
Total Sll ,oe2 50
Amount left FOR government. 0640 Is
This case Il not uncommon; for, as another
Western journal remarks. il all similar arising
under the regulations Of the Treasury Department
were to be printed there would be no end to the
volumes that would be produced. Tho Nashville
Union. which daily witnesses the runous
workings Of the system, says that il is
about time that Mr.. Chase should open
HIS eyes to the fact that this cotton nursing
10 reclaimed portions of States is "doing nothing
towards restoring the supremacy Of the law, while
il il a hotbed Of corruption in both the civil
and military branches Of the government Thus.
through the laundering Of Secretary Chase, the
trade of the Southwest has been trammelled, in
stead Of being left free as it should have BEEN to
energy and enterprise to bring forth the cotton as
fast az the victorious army Of General Grant
swept the rebel forces from the plantations; and
thus has the great Mississippi river, to restore the
navigation of which the hero of vicksburg fought
hard and 80 psrsistently, been permitted to re-
main comparatively waste Of waters.
The transactions at the Office Of the Assistant
Treasurer to-day were as follows:-
Payments ..........'............. 1881 80
Balance SoSSz.oSl
included Ia the receipts Is @235 900 for Gus
TOMS
The following wss the amount Of subscriptions
made to the government loan
For dvstvesties (drect) 500, 200
Deposited ~ agents. l2l5,o 93
TOtat elpol05sJ
Temporary ioan.. ......................... A'sW
Twenty millions Of the long promised five per
.c<o I,aa r;p Traa All an