The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1865-09-04


The New York Ecssisg Poo says that the pro-
position il received with considsrabls favor to
issue 6ty millions Of Certificates Of Indebtnsss -
= means Of replenishing the Treasury, when Mr..
McCullcch begins to want means topay the public
creditors These Certificates are scarce ard wan
ted. Some further legislation however, seems to
be needed before the plan can be adopted, - the
act Of first March, 1882, under which these Certi-
6cates are issued, only authorizes their disburse
ments to creditors of the Government, in payment
Of "audited and settled demands" No Issue 10
is contemplated a. . means Of raising money. The
following Is . copy Of the law:
Be ii enaeted b. the Senate and House Of eprRe-
seasafires Of the United States Of Am<rca II Con.
gress assembled, That the Secretary Of the Urea
sury be, and he is hereby authorized, to cause to
to be issued to any public creditor who
may be DESTROYS to receive the same, upon requi-
stion Of the head of the proper Department in So
tisfaction of audited and settled demands against
the United States, certificates for the whole amount
DUE or parts thereof not less than thousand
dollars, signed by the Treasurer of the United
States, and countersigned Is may be directed, by
the Secretary Of the Treasury; which certificate
shall be payable in one year from date, or earlier,
at the option of the Government, and shall bear
interest at the rate Of six per centum per annum.
Approved March |, 1882.
In regard TO the trade Of the country, we con-
dense the following from the New York papers:
The Times reports that one house sold six hundred
thous dollars in single day, xh re in former
times this would be deemed respectable trade for
six months. The importations are not equal to
the demand and drsughts continue to be made on
the stock of Foreign Merchandise in H0nd The
Domestic Commission houses reported doing q
very heavy business in Cotton Goods and the
New England mill-owners as in the market for raw
Cotton. The receipts of Cotton for the week are
q, 1888 bales The present stocks at latest dates
are
Bales. Bales.
New York, zoe New Orleans. ,453
MOBILIZE. AZ
Total in 3 ports, 2l0, sTs
Week before last CASE bales went direct from
New Orleans, and nearly 5000 bales direct from
Mobile to Liverpool, most Of the Exchange against
| these shipments being passed through New York
| ,unting houses. The shipments from New York
=, England for the fortnight only 1o,sss bales
| out of Al, 2s7 bales received. The Custom duties
for the week (s3,254, 1921 the heaviest for any
single week since April, 1854, when Gold Cenia
| oates were used in place of aoid Coin. The Gus
toms up to Saturday in August amount to SIC, 100
| 42l. and will be twelve and q half millions.
| The Eypress says;
"There is no Gold to be paid for interest in Oc-
! tober next. The Government payments 1t New
York will be about Sl0. SOC 600. Ii is estimated
that the Treasury will receive by the close Of Au
gust for the two months OF the first quarter Of ths
| fiscal year, about %, ooo,eoe in Gold revenue
which should insure st least fofiy millions for th,
| first quarter, ending September 10 as against
SIS, 272. 100 same quarter last year.
1T il also noted that the direct trade between
Southern ports and Europe, is becoming very large
We hear Of large imports Of Sugar at New Or
| leans trade from thence and from Mobil,
and Richmond. The autumn promises to be M
| immense in amount. Southerners selling
their products rapidly and with the proceeds buy
what they want in New York. Baltimore, Bos
| ton and Philadelpha. In good many instance,
| payments for Southern purchases made b,
| sterling bills on London, against Gold reaiiEet
| from the profits of blockade running
| According to the Horfd,4
1.-The fall trade is likely to prove the most beni
| fetal ever transacted in New York city from th'
profits realized on sales of merchandise and ih'
| handling of Southern products and money. New
York. the money centre of the country, enjoys
the benefit resulting from the influx of new capita
and trade, based upon the Southern products Of
about two hundred millions Of dollars during TIL
current year. This addition to cur nafiona
wealth of about $500 900 900 in gold or real
| valuation. from the sales Of southern produce
will stimulate legitimate trading and enterprise
a much greater extent than the printing aud cir
| culation OF the same amount Of gresnbacks. Ii
| this frame Of public mind il will be easy matte
| for the Republican party To carry through Con
gress their proposed measures for increasing tn,
paper money issues of the country by addition
oStwo or three hundred millions Of dollars of new
National banking capital and currency under tbs
plausible plea Of justice to suffering brethrei
txn the South"
| There is more inquiry for compound interes
notes. Some large lots of the June issue hay,
been sold for Boston at l04l.