The tri-weekly standard. [volume] (Raleigh, N.C.) 1866-1868, 1866-06-07

| The shipments of gold by the steam
erS to Europe since the first day of Jan
uary have amounted to twcntv-nine
millions six hundred and ninety-one
thousand dollars, The gold sales by
the Treasury since May 1st amount to
thirtv-six millions. Thus more gold
has been supplied by the Treasury by
private sales, independently of the
amount paid out for interest, than has
been exported. The stock of gold has
also been kept up by large receipts from
California. There seems to be no very
great cause for the present advance Of
gold, and the opinion is, that when the
parties affected by the panic i'll En9-
land touch bottom, gold must decline.
But have they reached the bottom:
| The last accounts are, that the monct;,-
" disturbance is nearly over. The
bank failures i'll England have some
what affected the cotton trade with the
East Indies. How far they will affect
the American cotton trade and cotton
bills remains to be seen. But we learn
from commercial sources that some of
the houses announced as agencies of the
large establishments will necessarily be
affected. Until all these wrecks shall
be cleared away, we cannot expect to
find safe ground to stand upon.
Some of the gold operators in New
York have failed. Yesterday there was
no brokers' board held in New York
The day before gold closed at 4O4
Yesterday week it reached Al. There
is still Il demand for gold for payment
Of duties on imports, but is the spccula-
tive demand that has been the chief
cause of its advance.
In the Treasury statement which we
give below it will be seen that the pa
per circulation on the 1St of May was
1890, sos, Allan enormous amount and
totally disproportionate to the legiti-
mate business Of the country. This pa
per is accumulated in the business cen
tres, and, as business is everywhere dull,
its chief employment must be in specu-
lation. Hence it is that all kinds of
stocks are quoted at prices far beyond
their intrinsic value, and heavy and
sudden decline in them before midsum-
mcr may be expected. With this super
abundance Of paper the Treasury could
not put out five-per-cent. loan at par
with any certainty Of success.
The following statement, In a letter
to Senator Sherman from the Secrc--
tary of the Treasury, will be found very
important. From that document it APP
pears that the amount of the public
debt redeemable May l, 1867, is $751;
04l ,i2o; May 1, 1868, S4O7, 5,2fo;
May l, 1860, $500, ,131 May l,
1870, s14S, 100000 May 1, 1871, 1926
O24, 400.
The amount of paper circulation May
l, 1866, was S93O,SOS,471, including
the national currency, $500, 4o3, ,995
State circulation, S45, 100000 United
States notes, S415, 5,164,31s fractional
currency, s2s, 80, ,ol7, compound notes,
Sl67 ,Ol2, ,141 one and two years five
percent. notes, $6,O36 900.
1t is estimated that ten millions Der
year will be necessary for the payment
OF the guaranteed bonds of the Pacific
railroad, the total estimate being sS3,-
2SO,OOO.
The balance ofunpaid claims ofStates
under the act of July 81, 1861, indem-
nifying them for the war expenses i'll
CURED, amounts to $l2,293,1S7.
The estimate for unadjusted claims
of individuals on the file in the Third
auditors Office is S2,O51,O5 In the
Third Auditors office the claims in the
pay and bounty division are estimated
at )! 8 100000 On account of recruiting
service, Sl2,9ss for moneys deposited
by recruits, S24, ,244 ia ordinance, mis-
celianeous, and medical branch, S1l7.-
527. All claims in the Second Audi
tors office, S16,155, 5,469.-National In
telItgencer: