New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1868-11-13


Treasurer Receipts for Customs. 1851 eco: Re
ceipts for Gold Notes, $4,000 Total Receipts $685.
1917 81; Total Payments, slOO2G37 SO Balance, So,
O56 279 80.
Freighs to Liverpool: BY steamer 900 bales Cotton
at a ID; 5000 bush Peas at SID; 1900 bush. Wheat
at SD. To London: 80 hhds. Tobacco at Sos. To
Glasgow: BY steamer 1000 bbls Flour at 2s Gd. A
British brig of $50 tuns with Rosn at 9Oc gold, to
Trieste, and British brig of 40 tuns to CONSTANT
nople, with Petroleum in cans, on private terms
The recent panic and decline of values at the Stock
Exchange foreshadOws the movement of prices of
real estate and of all articles of produce and mer
chandse feeling of dlstrust peryades the com
munty, and business is at standstill in almost
every department. Capitalists with money to invest
prefer to lend it on call to buying anything The
speculative prices of railway shares very mod
crate as compared with the prices that have been
made on real estate, and the advance Of domestic
produce consumed in every household Real estate
spectators have taken benefit Of the superabundant
currency TO advance prices 200 and 400 per cent and
many stores and houses in New York now rent for
much per annum they sold for ten years ago. The
bubble has been blown 10 an extent exceeding Wall
st. operations, and has reached its maximum for
some years at least. This vicious working of a de-
precated currency has also into the smallest
articles of produce, which, with abundant crops
were with gold at $50 and four and five times
the prices before the war. All articles Of
wearing apparel from 100 to 200 per cent dearer
and people are living as though the war had resulted
iii leaving them legacy in money of $2,5OO0OOOOO,
which they were bound TO spend instead of mort
gage on their property for that amount, which
they were bound to pay to the utmost farth-
ing; and which will require close economy IN
all degrees of life. The bTeadstuif spectators
who have combined for years past by buying
and Withholding the crops Of the country until they
could sell at their own prices have had their day
The Western banks are already overladen and
weakened by the enormous amount of produce held
by them on margin, and will do we'll If they navl-
gate through in safety without loss. They can give
no further help to any combination to keep mp prices
The banks of the three great cities also expanded
to so great an extent that they render assist
ance The banks of this city poorer now than
they have been since 1871 and their movements
must inevitably tend toward contraction in
order to protect themselves, and it is well for
all business men to be prudent in new
operations and shorten sail before the storm breaks
The election of Grant was not expected to add TO na
ton Of prices bat was n step toward contraction.
The Democrats lost the battle on reputation The
Republicans won on specie payments and al nom
est payment of the debt To do this economy must
be practiced both in National and State expenses
and i'm private life We have burned our candle at
both ends for eight years and are in rs much need
of financial reconstruction as the South Is Of polit-
cal reconstruction. To do this we must head toward
a resumption Of specie payment. The taxes must be
more strlngeuy collected. The pluuderers who
have puckcd the public goose until nothing but PIN
feathers remain must be driven OIL. and III private
life a simpler mode Of life succeed the past and pres
ent extravaganza of living As it is plainly demon
strated all the best nancicrs of the country that
our troubles all come from oy"rabundant curren-
cy Mr. McCulloch may well hesitate before issuing
more and thus adding 10 the inevitable result that
must succeed-an Of oyertradiug on paper basis
and It's consequent expansion OF prices
The O. jclg0 Tribune has the following ln reference 10
blLl, failures 80 Milwaukee:
MItwt Nor "A panic la Trt1c. Ell da{ fmont ile
fte c 48o.t upe f Co. 10 thr Pa roi ir W
Bsnk h,tc ou1artI as te AZ anJ haHs n &c
J. b. Aria vel. feeni a.d ' nsins s..e "a, '1at. Y,
sa.rrts Iis tare tf.-s CO. 20 h- Ftst-
sfts ttlls att1air4 a &C. f 'i e
ara t.s Its ta.t Dfr. r,tt, oil creditors sarfo
mise .s rars-s fa,i lsf 900 U alleges w BE- is"i- W
40 oa s,a..r say lisa rst il
Is abui 80 go Noaiior feau =. tts ~
vhat p,rs ~ ia pes. en saa IT, tsa. search
Tir CI,ic,,tah a. .sfic ~ Tuesday says;
The siaronc a thr i'f marsei b % 81 ~ fe'' tfi'
Ge u.t col. fi,srs j, Considerably shatea All
l.io.h'l rtNt ".i.i-
nare rs5irrs sH c rsrr ~ depiars % 10 yer cent
obar ge- %, month r- Offered o ro' .@enHir,i .ni s
paper n secrsy paid mature, Ae slrrous beng uainIoaAl
Tho following were The exports OF British textile fab
re. 10 United States Tor the niue months ending
September: go "a.