New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1867-06-06

;,bt nos Tordon prime commercial. 1O9s0
100, Paris long SO, short, $40; Antwerp BLOC
5.l9s Swiss. 5.15a5.12l Hamburg, $50 Amsterdam
az Frankfort nsG4i.; Bremen, 79. Berlin, '%3@
To.
Freghts to Glasgow per steamer, 1900 BUSH corn
at al. A vessel with 1920 bDis, petroleum Iroin
Philadelphia to the Baltic at 5s
The statement that the public debt as reduced III
Nav. should give new value TO the national secur-
tics not 40 much from the fact that a moderate
reduction has been made in the total, as IRON the
assurance IL gives that while individuals are making
Moor balance sheets the treasury from It's wide
road internal taxes and custom duties Is able 10 pay
interest and expenses and Is not crippled, as stale"
in some quarters to an extent which lnigit can ior
Congressional aid Instead of needing iegisiation 10
"a evident that the Secretary can readily cancer
40O0O0O of plain legal tenders monthly ana SUI
prosecute his funding fast enough to close 1he opera
tion bv the time the 7.3Gs mature The popularity oL
tbe National securities was never so great as at
present and the investment delhano Is ao'No III IL
directions TO the disadvantage of all minor secuIi-
ties.
The Journal Of Commerce thinks:
r1,ot The nreseut is a good time for the Secretary OF
fl oav 10 revive his system uf deposits win view
W. ,ro rot h, favor OF a Government Bank The Treas
my s not Ogn office 10 furnish money asiilea ol lia
er or other borrowers The funds received TOT me ~
fona expenses should be kept intact until tneY arc us
urcd ly yvo lbe officers Of tho Governments tnC rigL
10 lend these funds pleasure IL 70 place h ther hAnu
fe t,us az controlling market, 20 TIE manliett perl
~ An urivate Interests. But tine system OF deposng ne
pubic money IA vet nstttOhs, NhoTo u'e 10 ni,,t,,
h. on loan nc pleasure, without any direct respOhsIDnt
save the Obligation return 10 on demand Is worse 49,,
and Is sure % lead 10 tie grossest cofruptoil lic
sub Treasury system was opposed ny every Eoe9 ~
rover. hungry pOlilcAl tuIiifoitIt,
desired access 10 the public CRIB. But IN rs operation 70
anon commended itself TO the Tlgfminned OF di tca
and became honor 20 the nation Iefc hee'ieu Jul
one additional feature 10 render % perfect tbs wac ~
omen lbs vaults deposits Of specIes 20 tI the "0
~ fls
firoch ffs certificates without disturbing tire con ~ u
Il argued that the internal revenue SYSTEM "hcu
re0uires large collections OF money az points HlIe ~
sub-treas.rV Is established, makes 10 cunYeeib 10 l
banking institutions repositories m such places cn
We rgc that Tie employment shall be limited exclusively
20 this As rapidly the funds are rms cDetlcu
they should be gathered INTO the Treasury pf bl7ieE
drafts aud ample security cXactcd during the process
Ne urged this vew OF the IN the beginning aEd Use
oUr recommendation We hope that VIII not be nece-
snry to wait until further heavy losses occur before some
measure UTCeaufOu Is adopted 10 secure TIE saeAee
ing ot the public funds.
The suggestions are worth 1lr McCuilochs prompt
attention Government balances supply good deal
of capital available for speculative purposes, ana
often % the damage of the public credit The less
/ money the Government allows outside or the sub
/ Treasury the lower viii be the premium on gold.
Tie following viii show the exports exclusive OF
spece from New York 10 foreign ports for tue week
ending June T. and since the beginning Of the year