New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1866-03-02


Every days delay makes its passage in Its or'sina
form more secure. In tho absence of any iegisia-
ton. Mr.. McCulloch is master Of the Sltuauon
and can fund the debt with facihty--a faet
parties in debt should not lose sight OF.
The decline in coal has reached the quotation ior
coal stocks. At present prices the Transportation
companies and the miners will be obhged 10 iiou
crate their demands or 60 without business lnero
is abundance Of idle cars on all the roacs 10 new
York and upon some routes the roads have them
idle by miles together.
At the meeting of Bank officers held on the 2''h
Of February in this city, the following resolutions
were presented adopted, and copy ordered TO DC
sent 70 the Secretary Of the Treasury signed by the
officers Of the meeting:
U3ey,as Measures are under consideration In Con.
gress for the consolidation Of the Pablo debt having
also in view, their ultimate object the restoration oi
the currency to % specie basis 49,
Resolred That this Association deem all these delib-
eratons to be timely and appropriate, ana 10 DC ue'
manded by the best interests Of the country ,
Rfs0tred That deem il 10 be an indispensable pre-
requisite Of such measures that systematic plan DC
adopted for the regular redemption of national Dank
notes as recommended both by the Secretary OF tbe
Treasury and the Controller OF the Currency.
Rcsolred That without such plan in effective opera,
ton movement toward the cnrtameht o. tne iepa'
/
OF currency calculated to proract indefinitely existing
financial difficulties and 10 increase the embarrass.
nents both of the Government and people
The annual meeting of the Pittsburgh and Fort
Wayne road will be held on the 2lst inst, at Pitts
burch. The transfers close March 5, and reopen
March %.
Real Estate continues to attract large audiences
at the public sales. Important house property does
not command the extreme prices Of the last two
months, and buyers have decided advantage.
The bonds of the Chicago and Northwestern
road the proposals for which closed to-day, are
offered at Ga.
The Pittsburgh Gazette, speaking of the strSes
at the rolling mills there, says: 1.-The iron manu-
facturers held meeting yesterday and received not
to resume work until their men would accept the
reduced schedule of wages. The workmen seemed
equally determined, many Of them having already
gone to work at such employment as they can find,
while others are casting about for something to
do"
BY the Asia at Halifax, we learn that on the 18th
February Consols werc higher, closing at s7l s7i;
Five-twenties, 6Sl06sI; Erie, 530j3l; Illinois
Central, 76I. On the 18th instant there was re-
action, the market closing steady. Consols at 81
as7i; Fiye-twenties at 6SS6Si; Illinois Central
at 76s76l.
Tie Chicago Times Of Tuesday says;
The business men o. Chicago feeling quite blue
over the condition Of trade and the prospects OF the
coming Spring. With scarcely an exception none have
succeeded in making expenses during the Winter, and
those carrying large stocks have sustained hea' losses
through the successive declines In the prices OF eener
al merchandise. During the greater portion OF the
Winter strong hopes entertained that this dis'
tres,ng stognaton was but temporary; and thai the
Spring would find business marked by its wonted &c
tviy. As Spring approaches, and business instead OF
showing signs Of rcyiying. reapses into still greater
inactivity these hopes Of marked Improvement are
growing weaker and weaker and the majority OF our
business houses beginning 10 l<e all heart In the
future and sincerely wish themselves ont Of business
There will be something Of an improvement on The
OPEL ing Of navigation 10 be cure. Until our store
houses are ried OF the sccumalations of the Winter
there - BE- lttle more hustle and activity IN trade
! HAN there j. row; but this improvement viii be but
iraIs.tbry, I'd even while existing, viii be in strong
contrast with the activity Of business we have
! q we'd du' ng the past seasons.
The condition Of business during the past few years
has ttrGced 10 this CITY large class OF indivldnais
whose proper sphere was and IL IN the rural districts
TLey have found employment IN the city commission
merchants, clerks, brokers, speeulaOrs, &C. swelling
the ranks Of the middeDCn and nonprodUeng classes
10 an incredible extent. The coming stagnation ia
business will drive these men out OF the city FOR viii
render Ii impossible for them 10 sustain themselves
here. The commission men on Change are already be-
ginning 10 thin out and the force Of clerks in the
camille houses sDd banks will soon be largely reduced
The aborirg men and mechanics will probably feel ~:
influence last but it will be brought home 10 them be-
fore the season is People VIII be forced 10 aban
| don the extravaganza which has grown upon them
within the past few years. and will be compelled to
count the cost OF living and 10 retreRch and economic
In every possible direction. We are entering upon q
period Of depression which promises TO be more severe
and extended than any similar period 10 the history Of
this country The agricultural interests y III feel It's n
uences most keeny. and the cities located in agricu
urs districts and sustained BY agricultural patronage
have little to hope for IN the near future.
The Chicago Tribune Of Tuesday reports
There was good demand for currency today bat
the banks toeraby well supplied. and prime paper
readily discounted 10 good customers at ten per
cent per anIum. The market. however. cannot be
ported easy there is outside demand for all that
the bankers are willing 10 lend Street rates firm
at Ia per cent per mouth TIE supply Of Eastern
change is very light and the market is very firm par
buying and lilo premium selling Round lots In
good demand aud firm among bankers, at premium Of
6Oa75c per thousand dollars. There Is very little
activity in mercantile circles; but the merchants
acting cautiously They have sold off their goods at
reasonable rates and they laying IN light stocks
such will meet the demands Of the trade. The efforts
Of New.York jobbers and importers 20 induce
wholesale merchants TO buy enormous stocks Of goods
for the Spring trade have thus far been fruitless
NATIONAL CURRENCY BANK,