The New York herald., 1865-02-19

There spec shipment OF 500 nSb Oy the steamer
City Of London, which, added TO s10S,0 taken by the
Morro Castle for Kasan makes total for tho week Of
only $ioO,ss2
There is movement In progress In the gold room to
prevent It's members from transacng bus moss at the
Eveaing Exchan e. but doubt its excrtng any very
material influence IN checking The nightly orgies,
may term them Of the spectators who bow tho inco
tn demon o. old Nevertheless the dcmorazing in
ducnces of lie Of speculation would be eisened and 10
would be real gain those concerned IT. by common
consent, ng stock and gold exchange abol
ished II originated In a fever ofeAclt ment, and has
precedent In the history of any other city or time
The rejection By House of Representatives today
by vote of sixytwo against seventy Gvo, OF thepro
posed tax on sales, which yesterday agreed to
in the Of the Whole, is instance Of that
ignorance peryersy which have distinguished tho
majority Coni from the beginning of the var in
their financial egis on. They have been throuS Shout
timd OF hc right and ciless Of the wrong and they
claim for their shining gifts such men as sir Morrill,
and MIR Thadcus Ssevens whose inconsrdors mistakes
and crude experiments have entitled them TO placs
among the shallow theorists Of the last ceI-
tury. Tho tax sales measure which, II
adopted would have contributed largely to tho increase
OF the internal revenue, without pressing upduy upon
any the nunity and although arguments
bc advanced against it, founded upon the experience OF
and the OF collection made Il 80 orerois there
that the oicGpaia OF Spain and Naples hardly be
compared the proposed just defeated to tax
sales halt per only, and that tax bic month
iy. All taxation is more less burlcnsomo upon tho
community, and more obnoxious than the income
tax, and yet the VINO voted for the latter shrink
from tax on sales notwithstanding It's having been
recommended by the New York Chamber Of Commerce,
the Phad sipha Board of Trade and the almost unai
voice of the commercial community. Heavy taxa
tion VIC must have, however, and in q more onerous
form than a tax OF onehaif per cent on sales .3
The supply Of loanabe funds has been Increasing In
proportion TO tho demand during the week notwhsand
ing absorption OF capital by the thirty ican
there temporarily plethora or money in the
The rate for call loans Is six ror cent but
exceptional transactions governments have been made
at FIVE Commercial paper of the gr.da Is In limited
supply aud rates at ~ 10 per cent.
There Is No change of in the general stagrlaton
which prevails In the foreign exchange market. Quota
tions have downward tendency, there being neither
speculative nor real demand sustain them. Bankers'
sterling at sixty days has been sold low 1919
1857; and at three days 0s2s 1osh Merchants bills
have been offered at LOT q y.
The Board Of Brokers win adjourn from Tncsdug to
Thursday in recognition OF washiu gton'S birthday.
The subscrpt Ia tho scyeuthir1y loan coninucd
active The ordered by Jay Cookies agents in
this city to-day c:-irst National pank 500 COO
making for the week 500 900; Fisk Hatch 5000 GOO
unakng for the 81 COO 900, yormorc, Clews L Co
S25o00o
The business at tas Sub Treasury to-day fol
lows:--
Receipts for customs. sssi 900
Total receipts ........................ 5s,l,is9
fay ymehts $500
Subscr Ptons 10 gov aTnncnt loan. ltipstO
The bids for SIS 900 worth Of County Court House
Stock OF 1859 $50 op ned to-day al tine Comp
troller's once Tho following b account Of the