New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-05-05
subscriptions will be received for the present at the rate of

subscriptions will be received for the present at the rate Of
s35 per share.
Our readers are referred to the advertisement Of j. F.
franklin the agent for settlement BY compromise Of tie
old bonds Of the City Of Keokuk
At meeting of the Clearinghouse held to-day, it was
decided that the Bank Of the Commonwealth must pay the
Continental the amount Of the check Of which the cerhA-
cation was forced BY John Ross If the former bank or
is derostor, Crouisc Co.. show that the paying teller
Of the Continental Bank Acknowledged the ccrtifcaon TO
he penuiue the Continental VIII make the loss, which ir
the pres.ut falls on the Commonwealth. The rule Of The
Clearinghouse and the only safe course TO pursue u.s.
that tie bank paving worthless token must redeem IT at
once The system of certifying checks is calculated to
facilitate the operations OF iogogs, and the less Of it there
is done the better.
Senator Sherman is mistaken in supposirg that TIC Ma
topa debt j. fast coming into the control of the Treasury
if lie means by control ability pay or fund it into long
collaborating bonds per cent. BY the last statement
the Treasury had Of god; 500 1859
Cold Certificates of Deposlt-.---.- SO'V''<O-
r.,on.,rr 70 ,,o r,,o.arv............. 7o6GC5
worth Ia currency at l25.-......-.... I''oo'o''
v.,..o, .o,o - s5ss93,9cs
Currency in Ire'ssiy' '''''.''''''''''' o--1-,o-
Total co., on hand '.................. slq4l4ass9
The temporary loan is..........-..'... io''''''''
Excess Of floating debt over cash means sILSoSso'
These figures show that the Department Is not ready TO
pay its temporary debt without putting info circulation
an amount Of currency which would demoralize trade
afosh and renew the speculative times Of the hrst Issue
of paper money The public debt bearing interest in cur
cncy other than the temporary loan is IS follows e1cna-
| inc the Pacific Railroad bonds:
one and two,ear Five Per Cents........... 6O26e0O
Three year Compound Notes. gi2 llI
Z 1921
Total. OF lslo9I
Upon tie theory that five per cent loan at par is the
only form in which funded debt viii be offered to the
public creditors in currency SS6 $50 of 73Os may
be dismissed from that funding scheme The holder oi
73Os has the right take six per cent bond and VIII GER
ainy enforce it if the 52s sell in 1867 at their present
price of which there is no reasonable doubt III may,
therefore, be considered settled that nearly one-ihd OF the
entire National debt is out Of control Of the five per cent
scheme for more than six years. OF the 3--V
lean nothing but the SCS5,7Si,OOO on which The
option Of the Government natures il 1857, iet9
| and 1879, will come within the consolidated
scheme before 1873 and then only the Government
is able TO borrow ct per cent. The only material AZ
present available for the consolidated scheme the ech-
cates-the two-year notes and the compounds, IN All
s235 66s 900. The compounds, $67 100000, more
firmly held than any security the list and viii not be
drawn from the hands Of their present holders very readily
by any funding scheme, unless 1t is made tempting by
high interest with great length of bonds. Five per cent
is as much as this Government should pay It's penna-
ncnt debt and it is wise begin tins early with scheme
of consolidation; but people must not be disappointed If
the present holders of the national debt at higher rates Of
interest do not cone forward and sacrifice their capital
The business Of the Sub-Treaslry Receipts, 81
43O go 22-for Customs, $S60Oo0i Payments, s. 1902
AL DC; Balance $40 2i6 i2 So Gold Notes, s3l3OOO
| writer in The Ralcay Journal shows the National
debt to be greater than in August 1865, by S00
325. The Journal says
The total debt on the 3lst Of August last stood at s7j
ESQ 49, balance the Treasury at that date amounted
to sss O55 49, Deducng the cash in the Treasury firm
aggregate debt 10th the 3lt Of August so aid the
LIST OF May le56 and the actual increase IN the uUc ro
since that period has been S202s3f6 a. Omtng the cash
ton in eight months Of Sos oss4s taking
the cash in the Treasury in either instance ne o 1eo'
would show Increase since August 81 let3 OF SO Vi'S -
The law obliging brokers in foreign goods to pay tax
exciting much eommotiOn, and many suppose 1t rs
law sprung by politicians Such is not the case 1t
an amendment Of old law and secures to the State
which, by the lapse Of time and changes in the
mode Of doing business has Brokers have super
coded auctioneers and the State is following them
get its The amount Of tho tax is mattor for
discussion but the right Of the State TO sales VIII
robaby he affirmed by the Courts. Such men as slas
| Wright and Daniel s. Dickinson approved of this
upon trade, and it is not new Republican form OF
oppression.
| The Chicago Tribune Of the I'd says:
The market still and easy bat bankers gen
orally acting with caution regarding the CHARACTER OF the
paper offered Prime produce mercantile bills are freely
passed 10 per annun but inferior grades are DIS
counted on the at ] a.. per cent per month
compared with the demand for Eastern Exchange the
light and the bankers continue 70 express currency
their drafts The at the banks
steady buying and 10 premium selling and round lots
sold among bankers at premium Of 60 cents per thon
sand
The movement Of Dry Goods at this port for the past
week has been as follows:
ENTERED FoR CONSUMPTION
Manu- Of Pigs. Value. ilnaRBC Of Pigs Value.
Wool ST. e743 1888 fiaz.......... 3O5 ell5iB
Cotton ....... $40 l756is Miscellaneous S9l i05Os2
blk.....-...... III lesJ0s -
Total -.-2OJI ScJl,Oyc
WITHDRAWAL.
Manu- Of Pkgs Value. Manu- Of Pkgs Valne.
Wool - 752 ego 5iel Flax ...... 47o fl32. H9
Cotton ........ 32l lO3066 Mscelans .6s67 $6655
suk............ l5s l704e6l
Total t112e't
wAREBOubEp
Manu- Of Pkgs Value. Manu- Pkes volne
Wool. go t95 GOO Flax 6S e. a6s
Siis '.......... "a 6iHil