The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-01-30

The money market which was act i've and rather srin
gent on Monday and Tuesday, afterwards became easy
under revivng confidence In values Tho rate for
loans per cent, and fer first class commercial
paper eight twelve per cent
Forei exchange was inactive Tho supply Is largely
in Of the demand, and in view OF prospective
exports cotton the Of are likely
continue small The condition OF the national finances
may howe err wholly ncutraize the effect of this feature
OF trade.
bill has just been Introduced into the Senate bya
member from New York which is intended To entirely
revoke the rcgula; established hy act Of Con.
gress passed July 1864 FOR facilitating trade with the
rebellious saes and which have recently beea greatly
improved upon BY tic President and the Secretaries II
the Treasury and War Departments The bill for
bids, during the wnr AL tlaGlc between the military
lines, nuhes al permits to trade thus lar granted and
provides for the arpoLmcn, ~ board Of ye persons
three Of whom shah constitute a quorum TO deal vuh
rebel property falling hands and the cson Of
Commercial inter curse between the two sections
The ghth section o. the act referred 10 allows the
Seer larry Of Treasury with the approval OF the
President TO authorize agents TO purchase for tie
United Stat any products Of States declared IN insur
recon al price not exceeding their market value
the pae Of delivery three fourths Of tho aikct
value In the city Of New York. wide Discretionary
power Ii ut the timc given 20 the Score
tary OF the treasury 10 encourage trauo Win Inc
Southern country But thus far, although Treasury
agents Lave been appointed to carry provisions OF
tho act and the War Department has sued orders to the
army place Obstacle tho way OF the operations Of
these agents but them whenever possible the
civil aud military rcpr sentatiyes Of tho government
along the line have been the subject and H.
tsry opposition has reduced the Treasury ulaons In
districts TO dead letter General Candy at
New Orleans, and General Dana, commanding depart
Of the Mississippi have issued orders In contrayen
ton OF the act Of Congress and the Treasury regulations
and which thwar the main purpose OF the latter aud
this conflict authority may be attributed the OF
SUCCESS which has ATTENDED lie authorized trade We
glad to learn however, tho President has per
sonay taken UP this question by communicating
In scrvedly sharp terms ri'h the commanding officers
who ntcrfcred with The powers and duties OF the
Treasury agents. and In imprisoned and
fined heavily parties found trading under Treasury per
mits
Tho measure proposed by the Senator from New York
IA practical approval Of the attitude assumed by tn
two ofcious military commander, and about A. retro.
grade . movement could be devised by closing tie
avenue to trade between the lines we should be
cast ng aside very useful and important auxiliary
In favor or the development Of Union sentiment In
the South and the storation OF peace. The
moro wc isolate and surround ourselves by the
stern cold barrier of war the we add unity 10
the South The more We the other hand succeed In
linking the Southern people with US In the bonds Of
interest," and the points Of contact and Of
approach there between u.s. the better hope there will
DO Of early peace Meanwhile, whatever produce
may rchase from the South, In the manner provided
by the sc will be Of Ear greater benefit 10 us than 10 the
moribund conederacy. The greater exports become
the less demand there viii be for specie 10 supply the
wants OF commerce. and ihelowcr tie gold premium Is
likely The Treasury regulations ought 10 be
vigorously carried into effect wherever military opera
lions are likely to be intcrfcrd with by them, and
those who necdlcssy place obstacles In the way should
be promptly and severely rehukcd, whether their mov,
be personal gain or mere jealousy of u, authority
The following " statcmen; Of the condition OF the
scciatcd banks Of tho city q New York. for the quarter
ending December 81, 1861 compared with the quarter
ending Dec mber 20, 1867