The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-01-31

There gas hpment OF sI57, ESQ in specie to-day by
the steamer Corsica.
III no, 81 market is easy at per call,
and irst class commercial paper al 10 per cent,
tho second ssade rising 70 IL. Tic bank statement
for tho week Shows decline of 1926, 125 in the
deposits aud q -, oa7, 253 in the srccie re
Iorcsn cschense i quiet at 1921 u for bankers
sterling sixty days, and 1lo'a " ut three days
Merchants bs approach bankers drafts in value
since tic restoration of monetary in Europe ard
arc q o;ud at los n a 100 N
The .ub-Commltce OF Ways ana Means tho telegraph
infomj Us, has sghml.tod part Or the revised tax
bill 70 the Whole committee by which neuriy all the ex
listing taxes increased This 10 we'll While the
government persists in is policy of paper money nfa
ton high indispensable meet the wants Of
tn Treasury and OF late these have been unusually
heavy Tho recent and prospective exped2ns Of Sher.
man, and the two attacks Upon Fort Fisher, have in
volved large outlay and The cost vi tie army Is likely
be greater the than Il present. &c forth
corning draft sufficiently Idicaes Tie necessitics OF tho
1Icasury will DO urgent ard money than the
and tho soventhry loan supply will b. required.
Fresh loans will be fTo time Time required and fresh
issues OF currency be 70 nd REQUISITE under The present
policy float Continuance in the thus far
pursued involves the further imitation Of the ency
ind finite extent and the paper money Issue
the shall have TO Issue in the future;
and with each successive addition to the cur
rency the danger Il ultimate collapse Of the sys-
TEN viii increase Il roni .u,d ratio. Hence the
necessity of ripping ne e while is yet in the bud II
we are to avert the thr atened TIL change
couree however bi n taxes and high and constantly
Increasing prices be tho rule To keep pace with
the imitation must fight with its weapons To
hope for radical reform TO hope for miracle for the
administration is evidently bent upon putting the Chase
theory through lis ns,ura end and Congress obsequi
ously endorses lis views while the people apathec
enough 10 give tact sanction TO everything the Secre
tay of The Treasury suggests and Congress Authorizes
The sale OF the new three currency began the
ubTreasury in this city to-day in OF three dollars
to the public and OF hfry dollars banks and other ns
tutions individuals bans duplicating The Of
according their disposition TO possess This
low grade Of currency need hardly say Is unnec
sary Nicke! cents Abundant and answer all the pur
poses for which they intended and by issuing tire
cent notes. the risk Of seeing them
eventually fall into dsuse they incentire
70 the boarding OF cents; and there may soon
TIM when payment for small purchases in
metal cents will be demanded, an addition will be
made TO the price of a les II they paid for in
paper The lower 80 in the denomination sca.c the
moro apparent great OF he peope will be
the depreciation o. currency and the injurious
its effects likely become Between t1a cents and
three there is medium and how il my possibly
that retail traders will I'd &c hcr Interest %
prefer two il nickel 70 three II iapor the public
can yet hardy appreciate
The report current on he street to cay injunc
ton his beer served the Llil Railway q mrsay is
contradoted Tho liabilities q tLc COM any rpio July
are stntcd 70 81 te than TWO millions and half,
and is aesets iaoro than three mhoas and hal,
while large poriion 81 The disbursements for nc per-
mai4ent I. nett " IT, road
s.rtrl 10 acgvg 'rty 0wvt n IL