New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1868-02-08
= 'L..os tho fo,low;no was offered:

Senator Shermans funding bill is warmly approved
BY brokers and bankers who see in IT large Jumps
of fatn in the form of commissions for conversions
Apart from this, the remodeled bill mas H''le
merit The right to pay the proposed per GEMS WI
in ten wears is fatal objection TO the pan long ago
conceded by all sensible inancers. what Is requires
is bond at per cent payable after hfty years lu'o
this the short per cents would flow rapidly ana
enough of them could be sold to enable the Treasury
70 call in the old 5-20s of 1862 for payment or con-
version into the long per cents at an early day.
The proposition to egaze contracts payable IN gold
eommends itself TO the good sense of everybody Az
present merchants who wish 20 as money some
thing Of recognized value the world over are eStoppd
by the courts which have absurdly held that an IT.
redeemable due bill is as good as coined gold. Inc
passage of such a law weuld invade no existing con-
tract and would make traders more secure III the III
tHre.
The financial propositions preached at Washington
have stimulated further advance in gold and given
new activity to speculations in stocks The convc
zion is steadily growing that in some form or other
new issue of currency is 10 be made, or more free
dom given to the National Banking scheme, which
will answer the same purpOse far abundance ci
money for speculative purposes concerned. Not
only does this idea of higher prices, based upon
greater abundance of currency prevail In speculative
circles but has commenced to have its effect upon far
sighted merchants, one of whom has recently gwen
evidence of his faith by clearing the market OF cotton
goods 10 an extent which has impaired new strength
70 prices, and secured to him handsome profit
Reduction in the volume Of the currency and redemp-
ton in gold for that left outstanding seems TO have
few friends in Congress. while the expansion pohcy
appears able TO carry any project no matter how
wild or unsafe.
The following is a statement Of the public debt of
the United States on the 1st of February, showing
the variations from the month previous:
DEBT BEARING cOIS INTEREST.
rive per cent a5l%ii co. 60 s S;! 90
s. * per cent bonds OF 1867 and -. 80. 49,. -.
Six per cent bonds Il ISL 267sSOO 90 2sS57cSOO 90
'' bonds 9st ven. n,''e 1saso 90 Isossso %
To,al. 81 soo1c2Os1 50 .1.q12.ssaOn 30
ex per cent bonds - S2O,Tl3ocO 90 s22,TToOco 90
teTes f1 notes as2447sO 90 .c,27sO 90
1I n"tes year '-'. 23s .2esA5o 90 2l4ssss5o 10
Three per cent certificates. 2sOOO 90 2oaooO 90
Total ............ ss2s4sl $50 90 ssos.7osGso 90
MATURED DEBT not PRESENTED ron PAYAEEI
Notes S9e Aug. Is. is7 s2c22s5O 90 N7Re;O 90
roIppOund interest notes
matuTed June 10, July Is,
r. BUS ISL < ~: =. sss2slo 90 sseoseS $50 90 90
Treasury notes. Acts July - . ,oa,, =,
H. ls6i, and prior thereto. lo2.Sn 90 1921 "a
Bonds, April IS 1872. b.,o0l G. 600 "
Treasury notes, March ., .. 80
1868 tio.ltI w tlo'iSz "
Temporary Loan. ....-.-.--- 2si4.Sl5 81 2Eshl9 -
Certificates Of indebtedness $1,000 20 $4,000 %
Total ............. Sl5s7l64O So fl225s,l6g -
DFBT BEARING no INTEREST
United States notes.. &35e 1917 60 S35G52I27 90
Fractional currency 31597,53 81 3z2+zS6 81
Gold certificates OF deposit. 2oOi,So0 20 2s6lsIo W
Total................. &4O7s6l2sO IS t4isO94s4S
Total debt .s2e42s2e25s IS Sz,s ,Ss4. CSC 20
AMOUNT IN TREASURY.
Coin ........... SIOs430,253 81 t9s,l9l.lG2 20
Csrrenev .... 2sT7O349 II 25,57s,l5O 81
Total .............. flS4soCO9 80 tlS8,OC2.3l3 81
i1 treasury g. sos l25,cSO 10 = 7.3l5sIS 10
The foregoing is correct statement of the Public
Dabt. a. appears from the books and TTeasurers