, 1865-03-08

by the anticipated prepayment OF fhe May interest
dre on the Gre-twcnty coupon bonds, In gold.
The New-york Chamber OF Commerce il
reported to be In favor OF recognizing the claims
Of the private owners Of tho cotton seized 4 sa-
yanpah. We t1uat the government will not listen
to my such proposition till the last rebel has laid
down his arms. This cotton was coudscAtcd by
Ger. Sherman. and II belongs to the people OF the
United states. shsu ne rob the people to make
few rebels wealthy! What next?
in Boston, on the 4th instant, Chicago Scvens
were readily taken ut 1851.
The supply Of floating Eqid in New York
nmounts to more than SG50000- Great difh46lty
exists in lending It, and those houses who are
'longr On 1t find 1t almost impossible to borrow
on It,.
Owing to disagreement Between the Senate
and the House Of Representatives tho tax on sales
was defeated at the close OF the last session of
Congress-. This Is greatly to be regretted, In
our opinion 1t Is more equitable mode Of asscss-
ment to provide for internal-xeyenue, than any
other get introduced. =
Commercial aud financial men will bear In
mind that Congress recently passed IN amend
ment, which renders every written Instrument
void unless the proper staupis affixed.
We arc informed BY Telegraph today thst du-
ring the past week seventeen new National banks
were organized, With IN aggregate ca2itl Of f3,-
6s3,t ,t00. This Is heavy increase, but rs a large
number OF these banks have merely changed from
the Stateto the National syB:em there is not 20
much actual Increase tothe circulating medium as
is generally supposed.
Tho money market In Boston ia quite stsin.
gent, and borrowers are notified to pay call loans
The reason OF this stsingeucy seems to be that
Government has made heavy drafts On the United
States dcposItorics and the Boston Journal states
that on the I'd instant four or five millions OF
"grecntacEs " went South on The previous day,
The above paper seems to dcplo1e this withdrawal
Of The currency, and complains Of the attempts
That are being made to decrease the amount Of
paper money. but West, this Limitation Of the
currency Is looked upon as the most hopeful
eatnrc OF the present financial policy Of the Coy
crnmcns. It may be all very fine for the bauka,
Mr.. Journal, to hive a redundancy Of paper
money, but 1t is very disastrous thing for the
people. and we haye way OF thinking hers that
teefslattonts meant 10 protect the latter rather
than tic former. Also, that the Government was
made tor the people, not the people for the Gov.
crnment.
Apart from all this. however, is 1t not shame
that the SECRETARY oethc Treasury should with
draw the peoples money from the Boston banks,
and thus prevent them from lending Il at GGl1e q
cent interest per aunumS We arc really so1ry Tor
the poor Boston bankers,
According to m amendment to the National
Currency law, the amount OF circulation IL to bs
.apporttoned 10 different States and Territories.
This has rendered 1t necessary that no more ap.
piientious for the organization Of new National
Banks. OF Tor IN increase OF capital, be received
I'LL the data Is collected and the arportionment
made. State Banks, however, cau proceed to
change into the national eystcm without intcr1np-
tion.
As International Currency act limits tha cItculs-