, 1866-03-16
FINlNCIAL AND. COMMERCIAL
MONETARY


TurpspA1 EVENING, Eazrh Is, 1855.
co,.tderabse excitement wns created In coumef-
cla and 1raral circles to day by lhe chsr;es made
by M., Clarke Comptroller Of the Currency, against
Mr.. McCunoch, Secretary OF the Treasury.
The letter Of Mr. Clarke WIS sent 10 n By te1e-
graph on Tuesday last, but In consequence Of the
sto1 which ntose th4t evening, The wires ~eTe dis
surbed. and We dld not receive it ti 1t came h1ong
with the mails this morning. It will BE- found
printed In full IN smother column Of to-daSs TRf'
DUNE, and se hAve no dnnbt but opr readers wtn
g!ve II careful pcru.al.
Itwou]d appear that Mt. arcCulloeh had disputed .
The accuracy Of Mf. Clarke's estimates oi me
amount Of money IN the TrasurJ and IN Nanonai
D.nke. 1r. Cluzke, In hls le:'c1 proceeds 10 prove
The accuracy Of hts figures, md tn thai comeeuon
makes the s1aye charge th2t the mouthly rcporr Q!
the Eeuciary OF the Treasury were inemsee1 ano
nn1stepresencd the rcAl condition o1 tne 1feas1fs4
while Il was important ih1t Congress 1no tne eoun
~ should know the tscts. He clatms thai the
smonnt nf money in the Treasury and Nattoual
I,antr vas ut The date Of each trpor greatcr Than
s.a,,a tv III. Colloch. lie Aleo takes up VI. cuE
loch,s estmate for the current sea 3ear. md shows
H.. instead Of deficit of e112 0oQ on the Let Of
July. 1866 there vii, with proper economy, he an
excess Of Fao, Goa coo difference Of sisa.un'om
| which amount should be sufficient to pay Inc cur
rtnt expenses Of The GorcsDnlent
III
bought $50 bon6s md soad 5a8e, and also convert
ed u. S Treasury notes without authority Of la*'
We are unwilling To believe that Mr. McCnltoeh
II gully ol the charges preferred against hun In this
les.e,. Our filth tn his integrity md business
oual,hcA,!ons-teftcd in the Vest for long terta
or years-induc.s VI 10 believe that he wonld dis"
aasn IL stoop 10 znJ fuch petty tricks a.
st.u.atiop Of The condition oi the Treasury, or
| ..cookIng'' his monthly reposts In sucn manoes
] f.ax he y,tf1IItc
| The cl1ascp tnnde BY The NeE fork Commercial
4t{ftr.xer, that Mr. Mcculloch has sold bonds aud
rald through - family connection, may he trut,
and u. she eanae time thsse may be nothing wrong
| in IT.. TIE Government has 10 employ brokers'.
hspkere, md commission agents. md a. long as
theE are paid no higher rates Of commission than
are nsual II makes no difference 10 the people
whether The persdns 20 employed have - tamtly
couucctiou~ with afr. Mcculioch or not
The telegraph this afternoon informs rs that
| cabinet merttpg wss held yesterday, and that the
| subject OF The removal Of aIr. Ca1ke wa5 under
stood to haye been dfecnssed. This IL not tmpro-
bable. 1t would appear to be inconsistent wttA the
| duties Of the Offices held BY Mr- Acculloch and
M.. Clarke ,hai there should b. such state feel
Ing existing as is developed in the letter Of the
latter.
Meanwhile il would he well to suspend opinion
on the subject till Mr. McCu,loch's defenes f.
made. II Is unfortunate that any n1sundefetand'
1ug shonid have taken place between two olheert
who.e duties nrc 20 closely linked with each other
as arc thoee Of the Secretary Of the Treasury a1t
The Comptroller Of the Currency.
| The Money market is quiet, but our bankers ar
tosiug currency almost daily. and although the de-
mand for discount. IL not particularly actise, th
market il close.
The rates Of discount are steady at 10 per cen
I per nnuum at the banks, and at 1Gte per cent pe
/ month On the ttreet.
Eastern Exchange Is zttll scarce and hEm. at ps
tpssns and 1-1o premium selling. Round lots wer
sold among htnkers at premium Of suc per thou
sand.
TIE general markets to-day we're flrmer. Flor
| uas dull. Wheat was Gme1. but there syas LEI
activity. Corn wna actise and h91c higher. Oat
:; wc1r quiet. Rye was &c lower. Bailey was dul
1lighwinef were dull and nominal. Mess Pork al
vanced eal5oc per barrel. Lard was active 1T
. | bnpyant-
The aitghs advance In gold Today WAS attributed
commercial circles to the charges preferred again
the Secretary Of the Treasury by the Comptroller
the Currency. 1t had the eject Of atcngr henin< II
general markets. but operators acted c7utsousl5
ward the close, gold began to fa1l back again.
Gold opened In New York to-day At III. Adyanet
| 10 15I,E5, and closcd at ii. The folloWiar are
quotations telcx1apbed to J1ocs Boyd Brothsz
/ Eplt.HOke1s: