The New York herald., 1865-05-18

PBiLADGLpHfA, hay II, 1866
Jay Cooke reports the subscriptions to-day to tho
thirty loan 81 $751; 400 The largest single West
ern subscriptions 5000 900 from the FIRST Nal.onai
Bank Of Ptlsburg; $4,000 from the Second National
Bank of Cleveland Tho largest Eastern subscriptions
we're from the First National Bank Of New Ysrk,
$500, 900; j. W. Guest, Baltimore 100000; A. Van
Allen cashier, Albany, $4,000 The individual sub
scriptIons by working men aud women were ,093
The best opinion in financial eircles here to day II
that money is 10 be easy Tho uncertainty that eeems
to exist In the minds capitalists In the Eastern cities
as the OF the money market does not exist
here any apprehension felt that the operations OF
the Treasury Department, growing out Of the immense
sales OF the seven thirty loan and the consequent drafts
upon tho deposit banks, particularly In New York. Will
cause any strngency whatever It Is reasoned among
the nanccrs here that the distribution Of the loan ia
every town. city and village in the Middle, Eastern aud
Western States has drawn out from the pockets and
secret boards of the people, at the lowest cacuaton
one hundred million dollars In national bank and United
States notes. that these notes. Of have been for
warded to the money centres that In the New York
banks alone there are sixty six million dollars Of
legal tenders and national bank notes. in every other
city there is similar plethora that 80 long as the seven
thirty loan continues perform its present functions OF
unlocking boarded currency and while shall continue
TO be eagcry sought for by the masses of the people,
grecnbacks must continually ow to the great repositories
of the country It Is reasoned again here that another
cause present case and guarantee Of future ease IN
the money market is that the government is now dis
busing and will continue dsburse the funds obtained
through loan fast received by paying the SOL
ders and sailors and the due vouchers that this
flow Of money to all parts Of the United States will I'm
medatey fall into the channels Of trade and go TO tho
trade centres inevitably the waters Of the rivers 80
to the II is urged too that the necessity for hand
ling considerable amounts Of greenbacks is OBJ
waited In tho large matter Of the quarter
! masters vouchers by the fact that great
portion of the drafts drawn in their favor
upon tho national banks balanced by quartemasters
drafts upon the banks in favor of the cred
itora It Is also urged that tho circulation Of national
and State bank notes and legal tender larger now than
1t fcw months ago, while the volume of business
less consequent upon the decline Of pres and that tho
Of currency required to transact this business
only half twothrds Of what was necessary To
transact It before the decline Moreover relief will be
experienced everywhere by the withdrawal from market
as borrowers the large class who held unsettled and
unpaid claims against the government And thorough
confidence felt here too that the Treasury Department
will take every precaution to prevent stringency to
grow out Of its operations 1t has at heart tho best
interests Of the business of the country For all these
an easy money market Is confidently looked for