New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1867-12-04

and upon stock collaerals large sums are offered ~
q nor rent for SIX months In Commercial bills no
change. The debt statement is promised Tor the
5tb Private advices from Washington state that no
decrease will be shown in legal tenders.
Exchange is quoted as follows: London, GO days
1O9la1OE; sight, 1O9s al09; commercial, lUV@lU's
Paris. long. 517,a51G, short, 5.150515.; Antwerp
52O0517l: Swiss 53O0517; Hamburg, $4,000;
Amsterdam. 1901; Frankfort 4O.a4Os; Bremch'
7s.45S.; Berlin, nae.
The repor of the Secretary of the Treasury eXctes
mo interest beyond the natural curiosity 10 hear his
additional arguments in favor of specie payments.
The Secretary represents the future condition of the
Treasury i'm a less favorable light than the public
supposed would be the case far as paying of the
debt is concerned. Instead of ability to reduce the
debt 10y large sums annually, it is evident that by
strict economy only can the Government be kept
from making new loans instead of paying its old
debts The Secretary shows a surplus from this time
TO June 1869. of S}2S 1O} sum representing the
probable reduction Of the debt in that time. His fig
urcS arc rs follows:
RECEIPTS AND EXPENsEs or THE Z. :. Treasury
Receipts Expenses surplus
Year ending June So 6s S7l6 q2s s3269226 S23sp7O2
ear ending June 80, 20. 5l,OoU0O0 512OOGOOO 9w"~
sprprs Of two wears $50 .7o2
Should the cotton tax be abandoned the decrease
of revenue from that source would sweep away his
surplus and make borrowing before January 1869,
matterof certainty. The Secretarys estimates of in
come are larger than the condition of the country
warrants At no time since the war closed have fnan-
cal affairs looked less nourishing. Shrnkagc' Is
still the order of the day and profits upon capital and
from labor are not such rs stimulate people 10 new
enterprises from which the Government can get rev
cnue.
His proposition to consolidate the debt into TWEEN
~ years bond at per cent, retaining per cent as
taxes. has nothing to recommend it. Twenty years
Is too short for per cent bond such as he
proposes for bonds which command for hvc
years sx per cent free of taxes. with the advantage
of six per cent until the time when the Treasury Is
able to pay them oil. Nothing VIII tempt the cred
itors of the Government TO surrender the bonds but
a new issue payable not sooner than 80 years. Ii
these were free of taxation they would be taken IN
exchange for the present bonds but no lower rate OF
interest OF shorterte will accomplish the consolda
ton of the debt rs affairs stand.
The aggregate amount Of exports exclusive Of
spcce). from the port of Ncw-York to foreign ports
for the week ending December g. 1861, was S3g5I@ls
The following was the days business at the office
! OF the Assistant Treasurer: Receipts for Customs,
s3GOoO: Receipts for Gold Notes S42SOOO total Re
ccpts. q $500 30; total Payments, $,eS5,3'' o.
| Balance, $lOj 493OS2 &c.
| Freights-To Liverpool, 800 bales Cotton at 5l6d
3D. 5000 bush Corn at SlaS.d and per steamer 10
boxes Bacon at I5s % tcs Beef at Is. Cd, and $50
bales Cotton az ia "a. To Bremen per steamer 200
bales Cotton M lc. A British bug - Lisbon with
l0O10 bush. Wheat at IS Cd, and bark 10 French
/ pOrt with Wheat ON private terms.