New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1867-12-06

suspension of contraction Of legal tenders would soon
DO exhausted and people brought back to herpresent
position. The trading community which made for
tunes so rapidly by the advance in prices of their
goods, under the stimulus of iedeemable paper, and
tho wasteful activity Of war, are only suffering
peace losses and nothing can prevent liquidation
with numerous traders seemingly solvent. Paper
money has debauched the public mind and instead
OF honest, productive labor livelihoods nre in too
many instances sought by speculation. Too many
horses draw Haunting eqaipages and too much labor
IS employed in gratifying love of display; and
soundness will not be restored until the horses their
yered drivers, and, in numerous cases. their present
owners and employees returned to the ranks OF la
Dor. 1t is argued in some quarters that Congress
must now stultfy itself and recede from its decara
tons of last year of the necessity of return TO specie
payments under penalty of defeat at the polls If ex-
pansion Of the currency is indispensable TO secure
the Presidency it may be regarded hopeessly lost
AS financial affairs now stand nothing is wanted but
suspension of contraction" or O small expansion.
to preeipitate o financial crisis. Just now people
are silently passing into the list OF insoiYents
from causes which cannot be controlled. The
sooner people accept the situation and realize
that the activity of the past six years and tho profits
realized from 1t ere unhealthy and insecure, the
soonec viii commercial soundness be restored. 1t
just begins 10 appear TO many people that the Ma
tiona blessing" Of 81 of debt is in reality
a mortgage upon the National wealth and industry,
and that like other mortgages must be paid by money
earned and saved.
The following was the days business at the Office
Of the Assistant Treasurer: Receipts for Customs
s27gOOO; for Gold Notes. s555O0O total Receipts,
s., SS6,9Ts 50; total Payments, $20l0,7O CO.. Bal
ance slO4,0T37S0 on.
Freights TO Liverpool, 800 bales Cotton at 3D.. 74OO
bush Peas at Sd. 1900 bush. Corn at Std. 80 tuns
Tailow az 3js. 1000 boxes Cheese at sos; md by
steamer 1000 bush. Corn ct 10l., and 800 bales Cotton
at i0id To Glasgow 80 tcs Beef at 6s. Cd, and 100
bbls F1our at s.. To Antwerp, 1900 bbls Oil at g.
Foreign Exchange is strong and leading drawers OF
sterling now ask lO9501l for GOday bills. Francs,
long 5.l5G5.l2l. aud short 6.l9i05.1l4.
The Pittsburgh. Fort Wayne and Chicago Railway
announces tho payment of the quarterly dividend of
a per cent on the shares and the semiannual dIy-
dend OF 81 per cent on the third mortgage bonds.
The Erie Railway Company has made the usual
per cent dividend on the preferred shares.
Tie Cincinnati Enquirer OF the 81 inst. SAYS:
The discount market the past week instead OF exhibit
ing any signs OF relaxation, hns been growing more
very great the rrduCtiOui'in currency balances nave
placed the banks In position were they are Tess ae
Ia meet the requirements " borrowers The REGULAR dis
c0uut houses taxing very little outside paper and are
IN most limiting their faVOrr tn those 10 whom they
under obligations aud the latter, whoh they nave
exhausted their lines, obliged 70 seek acconmo-
cations else V here which has thrown considerable
amount irst class bulls the street The matuTings
with satisfaction Ia the Interior and the bulk Of the
paper falling duois promptly met though there y some
iuquy for RENEWALS The difrreutbraucheH are Wen rep
resented st Of applicants for favors and tue de-
uland is mainly for short Recommendations