New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1865-12-05

.ToraLs.
Loan, and Di.cts s2?e s!9t Sreo'e elasiIo'
Legal Tcndrrs.............s s29Dsi5
Ceorings for the week ending Hov. I5T .i2 el2tt q
Clear for tie week ending Dec &s7oissy 10
asic~s for the week ending Nov 3...... aGs2 va ..
Balances for the snd. Dec. 2. sSss6 10
Exchange is steady, and quoted as follows:
Bills at 90 days on London are quoted at los a 100
for commercial 100! al0os for bankers; do. at
short sight, ll0alI0i; Paris at 60 days, 5.ls, a
Sis; do. at short sight 5.i3i a5.lIi; Hamburg.
3Gl s36l; Amsterdam, 4ot aiOi; Frankfort. 4Gl a
Al; Bremen, 79S79i; Prussian thaers, 7Ii a7li.
Fregh,s are dull. The engagements to Liver
pool are 1000 bbls. Flour at IL. 3D. 2s 80 bales
bush. Corn at ID; 1900 bush. Wheat at I'd. il
ships bags; and per steamer, 500 boxes Bacon at
Or, and 500 bales Cotton at ID.
c,The business of the Sab-Trcasury was: Receipts,
81, 90, 2S3 0G-for Customs, $4,000; Payments,
$40 37s 900 65; on account Of Loan, $e6 900; Bal
ance, 40 1897 81. Coin Certificates, 81 ,092 ESQ.
Tie Ere Railway received gross in November,
1866, Al, 800, 200. Tho net earnings Of November,
1861, were 81, 22i.909.
The chief interest in the report Of the Secretary
of the Treasury will be found in his plans for fund
ing the currency his predecessors we're obliged to
issue before he can resume specie payments. The
Government has resource In the way OF funding
which has not been considered as yet by the public
A rant IN He ray Of permanent Treatments SUI
exists, and by supplying it long step can be made
toward resumption. This can be done by allowing
the holders Of plain legatender notes. of interest
bearing notes. and in short the holders Of any cur
rcncy debt OF the Government, to exchange it at
maturity for an irredecmable god-bearing bond at
five per cent This description Of bonds would
absorb currency largely and afford the means of in
vesting trust funds with security and profit hith-
erto unknown in the United States. II wond not
compete with any existing bond in any form, but
would be security Of worldwide value and in
steadily increasing demand. When tho Treasury
is ready TO reduce tho debt it will DO found
quite cheap to pay the ir1edeemable debt In open
market as was done with the old six per cents, as
to put the debt into six per cent collaborating
bonds, with the expectation Of paying them OF at
the option of the Government after five years
The first step toward resumption Is to change the
debt from currency in its various forms to funded
debt which cannot be done in any moro feasible
mode than this Of creating long and desirable
bond at low interest.
Tho Russell File Company are paying quarterly
dividend Of five per cent in cash and dividend Of
five per cent in stock.
The mortgage gold-bearing seven per cent bonds
of the Central Pacific Railway California divi.
sion), are advertised by Messrs. Fisk g. Hatch.
The interest is guaranteed and paid by tho State Of
California, the growing wealth Of which is sufli-
Gent guarantee for prompt payment. The intes-
rity of the mortgage is assured by that State, and
by sinking fund, to be provided out Of tho earn.
ines. to the amount OF $4,000 per snnum. The
faot Of California having no large debt and that
her INTEREST will be consolidated and largely ex'
tended by the new road is an additional guarantee
for the fulflment of her obligations in connection
with the bonds. The securities are an unusually
favorable investment and will no doubt be speedily
absorbed. ...
The official statement Of the public debt TO Nov.
30 compares Is follows with tho statement OF last
month:
1893. Oct u. New. 90
Deld hearing coin "a, "A