The New York herald., 1865-02-05


thirty days had been agreed upon between the President
and tho commissioners from Richmond depressed the
market slightly although very few attached importance
TO Tho uncertainty, however to the result Of the
Interview mado the market unsettled and caused 1t 70
droop somewhat The Ashorts" bought in considerably
this morning to meet their contracts, and
their interest in the market is at present
rather light There is at the time strong dispo
sou to sell the market down. but OF course this condi-
uon OF speculative feeling easily Influenced by events
II must however always be remembered that in the alb
Of news to dcpress the premium tends upward
The shipments OF specie to-day $s7,as6 by the
steamer Glasgow and s15l 900 by the Borussa
There is no change to note In the money market The
regular rate call per cent and nrst class com
morciai paper is negotiable at a IL per cent
Foreign exchange languid at 100 y for bankers
sterling at sixty days, and ITO u at three days
The tax Of six per gallon upon crude petroleum
and tho retention OF the tax OF twenty cents per gallon
upon refined recommended by the Committee Of Ways
and Means in accordance with the suggestion made
months ago. and the product at the wells well able
to bear the mpost II is not likely TO prove in the least
restrictive upon the trade tax upon cigars per pound
instead Of by the thousand is also advised but the tax
upon tobacco in the leaf, in addition should not, be
omitted
The advertisement Of Mr. Jay Cooke has appeared call
ing for subscriptions the seven thirty notes As tho
Treasury relying entirely upon these and taxes for the
means Of carrying on the war; We suppose that an effort
will be made to stimulate their sale About three thou
sand agents employed undor Mr. Cooke 70 receive
subscriptions to the fvotwenty loan and understand
that nearly thousand in excess Of this number
will soon be enlisted in the present service That
such efforts should be requisite, however for
pushing of a loan is a reflection upon the past
financial policy Of the government. The Treasury
unwsely persisted in issuing gold bearing securities not
wthstandng the depreciation OF the currency and II has
flooded the market with then-a consequence OF which s
that they selling below government price, allowing
for the accumulated interest To force of loan there
FORE which promises pay interest currency only for
selling at 1881 and l0l < respectively is difficult task
Instead Of being popular" loan II mightlwell have
been called unpopular one; but by dnt OF hard work
II may all be distributed among the people.
We have before expressed opposition to further gold
loans, directly indirectly; bu. the present is the
only authorized by Congress, and at the dispc
s Of the Treasury is useless to urge objections against
IT, Moreover at the present market price Of gold bonds
IL would be impossible 20 borrow any easier terms
The trouble lies in goldbcaring debt being already
too heavy, and the OF tending the
gradual apprcciat Of the currency, with TO the
resumption Of spccic payments With Arm advance in
the mark price gold bonds however, and the xbsorp
ton OF the present loan the way will be paved for the
sale Of loans bearing interest In currency only
Tho subs iriptons the thirty notes, through
Mr. Jay Cooko's agents In this city, to-day were:-
First Ngtional Bank. 500 900
Fnk q daScn ZoO.VV
We observe by the telegram from Chicago that the bill
authorizing the consolidation Of the Gaena and North
western railways passed the Illinois Senate yesterday.
Tho business at the Sub. Treasury to-day fol-