New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1865-06-16

currency, but they win soOD reach the s1'rens'
legal limit. The Government will soon largely
reduce its borrowing, and before people GRO s"A~
the volume Of currency, STATE and Nafion", WV
from natural causes, decrease quite rapidly 70 Va
damage of those who calculations are based upon
" 500, OOO, 900 of ireieemabls paper money"
The Bank Note Reporter makes the following
mention of subject interesting to every eitizen u
this State:
The State OF New. York IL i.,ains Revenue Bonds h
liquidation Of clains for bouncs aud for reiIob
cities counties and towns ior Donnties paid by
them under authority Of State laws. These Revenue
Eonds are issued In anticipation of ono or two contn
eencies l. In anticipation Of taxes ~ be collected e
the next general election; or In anticipation Of ING
voters deciding to have tweivey ear per cent stool
issued in lieu Of the taxes.
the Act 10 create state debt. or against the Act
create State debt II the majority u ior the aees
then the Revenue Bonds now being Issued, VIII %
funded into twelveyear per cent STATE coupon b0oe
with interest semi. annually; tnt II tne msJ'f,y
against the State eot then the tax VIII Dc lesiSd en1
the Revenue Bonds will be paid "a Al. p" ~
Ist az Juy ls66 and portion on tie lot OF Jan. eot:
These Revonue Bonds while they cave 10 run. uJT
per cent interest quarterly. Ire '.ooI .,are.t h.Ic
yearly We make extracts Iron Inc iA~s " H'''
the facts above stated: , A. .n... a
% .h o.r ,sapired for tn- said boun.iss without de-
lay the Controller Il authorized 10 is'os oono. aos
b5ndl In ps,ion Of the sad ta1 20 suen an smous
ry micus Of dollars "a nty DO neecsAIJ -.
In such sams aud forms b" mos convenient
of interest not exceeding per cert PER annun.'
Sec of the same act authorizes tie fax 10 Dc
and collected In the fiscal year from OCTOBER 1904 "
October 1860. Chapter 325 provides for the ASt 20 %
submitted ~ the people; and III Secuon We nnu ~
| following: -.r.
Ths Bonds ous Bonds, to BE .u.ed BY the cersrsas.
the of this Shall 10 disposed Of oy hio
a. follows First, he shall, 50 coon .. may be sei ne
provaI Of this Act by the people f hsi DO sppfg
part to the holders Of amy Of The kev.n1s nona 70
Of the Bonds authorized oy tolls Act as 'hs eqo1 "
the Revenue Bonds." 80
We believe no better investment than this can b OBJ
tanned II 10 very good II IT shall he paid 10 money
when due and it Ii better II II shG. he funded into -
year seven per cent State Coupon Stock.
The Cincinnati Commercial Of Tuesday ~
marks:
| Tho discount market worked q little close today,
Currency balances are slowly glowing smaller, ene
they are not than large enough 70 supply the iegt
innate demand for accommodations. Retes OF interest,"
i In the open market remain Unchanged. ~ e0i0 peS
cent for good mercantile paper and per cent ior nnex'
! ceptonsble names. Exchange remains In ABOUT me
same condition rs reported IN our iiHt Inc dsmAna
fair but the receipts large aud the market "otk
i ing quito easy. The prevailing rates are par ouyine
and 10 premium selling but IN some instances oeseH
have fused take it at better than 50 cents per vS
OH and drawing for their regular oustomen ~ "
cents per 81, 900 premium
4 Tile Chicago Tribune Of Tuesday reports:
The money market reTs aims easy. and discounts ~
steady 10 per cent per annun at the Denks ana io
per cent per month the ST. eeL Tho banks Arc wes
supplied with currency and the demand by specuisfou
was more active than for some time past. AercanuN
paper Is unusually scarce. Eastern Exchange w0 u
good demand to-day. and unCer limited supply tns
mar ket ruled irm at par buying and llO0t premis1
selling The bankers sold round lots 70 each other
Aeon ia ner