New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1865-12-06

sta.es notes. To urges immediate ae''on -
regard to funding the obligations soon " iD
,urc. and that provision for SINKING '"Da'
in the form Of surplus revenue, Dc =.
ue nlaccs the debt October 81, 1863, wi'lon. w
Quoting funds in the Treasury, al ,oec t.l.,
He estimates that on the JUN OF Jun 80. -
close of the fiscal year,, there VIII Uo "u'I 49,
Sll2. 1874, 947 90, and that at the ciosoo' WV
ipr wear. jane 80 1867, there VIII %" SDip'"' -
ali $50 sIS 70. The Department is not at 'ne
and of ;ts narrowing. and the whole amount OF the
aoh. 10 th;nls may reach by the LIST OF July,
1856 e. 600 900 900. He expects to meet the
,oeo;orov Of sII2,I9i,9i7, to be shown within
,ho noyt seven months, by the use Of
certificates and temporary loans, If he should be
rnohe TO sell bonds for the purpose, and for which
ho asks Congress to give him authority. lie recon-
,ords that al, national securities should be issued
with guarantee of freedom from local taxation He
recommends that the collection of internal revenue
in the late rebcllious States which accrued before
the establishment Of revenue Offices be indefinitely
postponed. He also recommends that the internal
revenue system he amended, and the taxes collected
from reduced lst Of taxables. He recommends
that the mineral lands of the Government be sold,
and that assay Offices be established at the leading
gold and silver regions.
The Secretary is in favor Of making the Nationai
Banks all redeem their circulation at Boston, New
York or Philadelphia He says;
=" some future day may he advisable thhs redemp'on'
.ha be authorized At Western snd Southern cues Int -
long as exchange continues 10 be in favor Of the esooard
not expeden permit banks TO redeem at interior point
VERY feW
cities that do keep their chief eaaces an e'i o.
exchange on these cities Where 'hs chrren Of ua1 ItH
the banks TO keep sccounts for their own snu
that Of their customers and the public there should M To-
dcmptios be made. Notes that par In siher Of tne
cities will rarely be at discount N any par OF We
haps ever TO be ~ pCct-d in paper currency H..
The Secretary hop iu that toe tune not i di''tn'
when rcdennptoas viii be something more than nominal
Experience and observation have taught him that frequent
dopp.ions are essential the toyency Of banks OF ccnao
Mating 40 we teaches bank the necessity Of keeping s
osn IN tbe hands OF prompt cus,oer and It's means under
it, own control ths certainty Of being frequently ctcd
bankcrs under the National Banking system
should learn that ho notes are not money bi pioni. TO
upon them the better viii II De io then oeAhol
The Rational Banking system Wa. designed only &c
furnish the reop,e All sound circulation but one Of qnt
form value and this likely 60 b. iaiy socoupi'h"t
Ttl ,he bapts by couipuon or their voluntary act
keep their par IN the principal money markets o. TIC
country"
The Secretary does not recommend an increase %
the National banking system 10 accommodate tn
South, bat is confident that the limit allowed BY
the present law win suffice fer the whole Union
He also recommends that the clause in tho oct o
1852 for the creation Of Sinking Fund from th'
excess of customs duties above interest upon th'
gold-bearing bonds, be repealed as impraci.eabl'
and nexpedient Of present.
The following is a statement Of coal ,ransporc.
on the Delaware and Hudson Canal for the weel
ending December =, 1865, and for tho season: