New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1865-01-05

arc closed the 1904 win find ready sale.
Early In the day stocks were strong. and buyers
could get enough Of anything. Erie selling a. high
% 81, Michigan Southern 1t 70, and New-Ynk
Centr,i at 1881. After the call the market broke
under an active demand for money, and Erie sold
at 81 freely, and Michigan Southern common at
III The first attempt To sell to realize profits dis
clvsed the fact that the market is wholly controlled
by brokers, and that the outside public are not
buyers. At tho Second BOARD prices were lower,
with pressure TO sell Late in the day Erie fell 10
So under reports o! another largo loan by the
company. The share market closed dull, and all
Government stocks firm and in demand. The First
National Bank subscribed for SOL ,OOO.73os to-day.
Money 10 active and stock-houses have had diff
entity in making mp their accounts. Seven per cent
Is the lowest rate atwhieh business is done, and
largo differences paid TO carry stocks few days.
In commercial paper no change. Sterling bills are
dull, 60 days, lOoi days, llCi; Merchants, 1850
lCsi; Francs, 5.Csi 15.El.
The statement of receipts Of the Treasury OF the
United States for December il tle most satisfactory
for some time, and if subsequent statements are
not as good there can be NJ good excuse given by
the Secretary or Congress The figures are as fol-
lows:
From % bone ?5 oeo roo r.veru~ 2o:4s seo 10
I.rIror'y luu. 28a 80 p no,p uouy g.. ?2,S a.
20 ,lCs... goa 80 oc srac curry las. 1882 -
.3U........... 1851 500 -----------
fots re'ir.. D.ccubrf. 'Si2'Ss!
The receipts from taxes arc "gTowing, and the
financial officers Of the Government will DO grossly
negligent il they do not keep them moving in that
direction. Upon the re-assembling Of Congress,
declratory resolution shorll be 8t once passed,
that no more legal tenders or currency shall be
used, and that the Rebellion shall be suppressed
with money raised from taxation ond from the
sales Of bonds whether gold demonstrating, at
The best rates. The people are tired and alarmed NJ
tho constant bcbiscment OF the currency, which has
proceeded 30 far that honest Ebor and regular
traders are rubbed Of the fair return for their ser
vices Congress must give over lis timidity about
taxes for war expenses and not ask what their con-
siituenn will think, but what is right to be
done. The people have voted all the men
and all the money, and Congress must
demand the latter in taxes, aud steadily sot its face
against any more due bills in the form of legal ten
der notes, no matter how disguised by bearing in
tcrcst This abandonment % currency and return
20 honest taxation Will cause great outcry BY the
vast horde Of SPECTATORS who have for four years
lived and fttencd upon the distress of the Govern
mcnt; but their clamor must be disregarded, and
oil financial legislation be shaped solely with
tho view Of reducing the volume 81 circulation,
ard with It the enormous COS, of eycTythirg used
by the Government. Financial people at the
money centers are getting sensitive about In
creased currency issues, aud any legislation
in this direction will create currency panic and
An imitation in gcll such the past has rot known
Congress is behind the people who are ready To pay
any equitable taxation in preference TO seeing their
property wasted by want Of courage In their repre-
sentatives in demanding money in the form OF
taxes. Tie EwRiHg Post saws upon authority
that no more gvld.bear.ns bonds Will be issued,
that 10 additional imitation of the currency viii
take place and tina, the Government will hence
forth rely for its entire expenditures upon the
seven thirty loan and the taxes
Enc Railway stock continues The chief fayorte Of
spectators, and its buyers are sure that 1t has
earned eight per cent for the common shares This
result does appear, II To its figures the facts
common 10 all roads are applied, and lis operating
expenses charged fer 1866 upon TIE basis paid by
similar roads In this WY the income account is
reduced below the common:cstims,e. and the con-
cusion arrived at that the merit dividends will leone
out OF money raised for construction. The earnings
H.. L., eoll~