New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1865-05-18
THE sEVEN.TIfsRTIES.
subscriptions Yesterday-Thc Money Mar
ket.
PnL lprLPHlA. We1nesdny. Nav hi. ls65.

| PHILADELPHIA, Wednesday, May II. 1865.
Jay Cooke reports the subscriptions to-day
TO the 80 loan Mt Sl56l. 400. The largest single
Western subscriptions were 100000 from the First
National Bank Of Pitsburgh $4,000 from the Second
National Bank of Cleveland The largest Eastern SUBJ
scriptions from the First National Bank Of New
York. 100000; j. W Guest. Baltimore sl0O.0OO: A.
Van Alicn cashier, Albany, $4,000. The individual
Subscriptions by working men and women were l,o93
The best opinion in financial circles here to-day is
that money to be The uncertainty that seems
10 exist in the minds of capitalists in the Eastern cities
as to the course of the money market does not exist
here any apprehension felt that the operations
Of the Treasury Department growing out OF the I'M
mense sales Of the 100 loan and the consequent drafts
upon the deposit banks, particularly In New. ork
VIII cause any stlingency whatever. III Il rumOreu
among the fnenciers here that the distribution OF the
loan in every town, city and village in the Middle,
Eastern and Western States has drawn ont from the
pockets and secret boards OF the people at the lowest
calculation $4,000 900 in National Bank and United
States notes. that these notes Of course have been for
wadod TO the money centers; that in the New forK
banks alone there SOC 600 Of Legal Tenders
and National Bank notes and in every other city there
is q similar plethora; that so long rs the SevenThIty
locking boarded currency and while 1t shall continue
10 be largely sought for by the masses OF the people
Greenbacks must continually flow 20 the great deposi
tories Of the country. 1t is reasoned again here that
another OF present and guarantee OF future
in the money market is that the Government Is
now discussing and viii continuo 10 dsburse the funds
obtained through the loan fast received by paying
the soldiers and the sailors and the due vouchers
that this flow of money 10 all parts Of the United States
will Immediately fell into The channels II trade and go
to trade ccnters inevitably the waters OF the rivers
go 10 the sea. IL is urged too that the necessity for
handling considerable amounts OF Grecnbacks ia obv
ated in the large matter OF the Quartermastcr's
vouchers by the fact that great portion
of the drafts drawn in their favor upon
the National Banks, are balanced by Quarter
masters drafts upon the banks in favor Of the Govern
ments creditors 1t is also urged that the circulation Of
National and State Bank notes. and legl tender Is
larger now than it was few months ago, while the
volume OF business less consequent upon the decline
Of prices and that the amount Of currency required to
transact this business is only onc-haf twohrds OF
what was necessary it before the decline.
Moreover relief will be experienced everywhere by the
withdrawal from market as borrowers OF the large
class, who held unsettled and unpaid claims against
the Government And thorough confidence IL felt
here too that the Treasury Department will take
precsuiion TO prevent srngency to grow out OF us
own operations 1t has at heart tie best interests Of
the business of the country. For all these an
easy money market Is confidently looked for.