New-York tribune., 1867-02-15
Sl7O,s26,56l
S11nmi.I0

Total .si7O,s26,56i slI9,cO512
This amount of notes can readily be taken care of
by the Treasury, if authority is gwen to issue $50
100000 of temporary loan at 34 per cent The Secre
tary will have occasion to move in the matter un-
I'll called to meet maturing compounds. As they fall
due banks will be ready to accept scrip bearing inter
est. and counting as reserve III exchange. Any one
cOnveTsant with bank movements does not need 10
be told that for Clearing House purposes, at least
fifty millions will be used until specia payments are
restored aud the whole ss0,0O0,000 will probably
become n permanent loan long as gold ~
at n premium. If the rate of this loan is fixed at !
per cent it will have another important effect upon
the money market by causing country banks to hold
balances in this scrip rather than leave them with
New-York banks at the same interest If this should
De done call loans and discounts would advance IN
the leading cities and commodities be forced to mar
kct and consumption more promptly instead OF being
held on speculation by large combinations aided by
an abundance of cheap money, The prospects Tor n
steady and return 10 specie payments were
never good as nj present. An obstacle to fesuhp
ton il found by some people in the fear
that the taxes will he reduced to point
when the annual interest and the ordinary expenses
will not be met. Bnt this fear is without substan
tial foundation as the future will show The labor
productive than at PRESENT and from enlarged
business upon low prices the Treasury Will be IN the
receipt of income sufficient not only TO pay interest
and ordinary expenses, but have surplus eqnai TO
the reduction Of the principal Of the debt, and 50
maintain and advance It's price.
On the Produce Exchange affairs are not very sat
sfactory Brcadstuffs and cereals of all kinds are
lower and no large sales can be made at quotations
Cn.c,1,tore IN brcadgtuffs have for long time been
carving their loads at high interest, the Western
money markets clearly prove. The next step VIII DC
a break in prices which will bring many articles 10
something near absolute value
At the Produce Exchange Of NcwYork city 'he
following resolution passed unanimously 81 "a
meeting held December g. 1896:
Resolfed. That the Ncw-York Commercial Association
unite with other similar ass"clauons thfouennll the
country iI commanding the abrogdiloh "i tLc p''f
system 81 buying ana selling cereals by thc hatcL ana
the adoption Of the GENITAL system. a. recommrfdcd n e
Albany y Board oi Trade, 10 take effect ~ this cS
on the FIRST day Of May next aud that COPY 81 th- cSu
itou he sent 10 tho Albany Board ~ Trade, and the
Chamber Of Commerce of the state Of Nev-Nork
At a subsequent meeting held February z, 1861, it
was
g,rd That the Board approves of the suggestion of
b' Eu,il, Board of Trade that barrel ~ flou should
~ o. 5a0 f,irds net and the officer o the association
are requested cud copies az the above u~1u"uN 90
b ttoi,. boards AZ trade and chambers q. commerce
throughout the country.
Tile cold Hin CNevadal Mars Of Dee. 10 gives the
following statement OF bullion shipped through
Wells. Fargo a Co.'S Express for the years lSii aud
1866. from the Virginia and Gold liiN offices, show
inc an excess Of O74 Ia - for ls6 over ihc prccd
ing yea. for these two places alone. The amount
from other places Carson Aurora, Austin, %c.-
shipped in 1861 makes tie total product for that
wear sl4OOOOOO For the past, lsCC II stands as FOL
lpv,e