, 1869-01-08
new YORK.
Debate in the Chamber of
Commerce Oh the Specie
Payment Question.
Injunction Granted Against
the New Express Con-
solldation.
Movement Of the Banks to Re-
organize Under the State
Laws.

Spcei.l Despatch to The Chicago Tribune.
NEW YoRK, Jan. T.
FAurnks Ac1uAL AID PREDICTED.
During Ihe past ten days failures 10 the extent
OF abcut ten million dollars rave occurred In this
city anon. the dry goods trade. Other houses
arc reported in an uresfe condition, and addi
ttoual anapers,ons ATE predicted.
AxKxIcAn LOAN.
Agents of ttr Mexican Government will leave
Fera Cruz hy the next st Gamer to throw loan
Oh the Etw York nsrket. Thels success is high
II improbable, in view OF the ncn payment Of the
net lean.
The mocey market IL growing easier. with a
Eteady n1w Of currency from the West. T6o u
the banks today receiTsd $4,000 each, an1 an
other zzoo 600.
Ills u1 der:tood in Wall stree: that ecrip diyf.
deud Of dncen ptr cent will be declared eoon.
| The Rock Island road h&s Million four hundred
| thousand nrst mortgage bonds maturing this
gear, and the managers arc contemplating selling
| new stock to take up the bonds. The " bpll'
clique bus been filing heavily within few tayr,
In view Of tie probable Increase in capital stpek,
Mr.. FIELDS 1HJuR1Es.
Cyrua VI. Fields Injuries, Irom fail at Irving.
ton yesterday. are le.s eerious than At trst sup.
pesed.
| TIHE-2hEe SHIFTED.
Large quantities Of firearms hare been our
chased In America In the Inst aix months, chiefly
| for The smaller governments. DemArk, Sweden,
Greece and Holland hare been the pr!ncipa! pur-
chase1s Of b1etchloal1rg 1ies, and several orders
| have Just been received for scvolyers and car
bines. The Cuban revolut4on1rts arc buyire muz-
zle.lo1ders through detIre 10 make thslr moucy
60 az far a. possible,
TIE tFKCIE PAYMENT QU1sIfoH.
T.. u.
an important discussion took plaza upon the
means Of returning to specie payments. Mr. 4.
Low, the President Of tho Chamber. 1t troduced a
resolution f4sortrg the rurchasir9 and cancelllug
Of gseenbacks Al a gradually reduced premium.
and tho fuL Arg Of the public debt at lover rate
OF ihte.e.t, ard made the following remarks: Tic
sud that according to the constitution the only
power Congress had in this u1attsr WAs to coin
money and scguia.c The circulation thereof but the
war conferred u receR.lty that could not be pro-
rcIed. Paper money ~ n departure from The
authorized btaucard, and when Congress is.ncr
tt II ehouId Mt lrast requisite It's value. l3ul this
1t bns nescE done. Paper money has no dxtd
value lie sall that We can uow pas from tho
paper cufrrrcy 10 that 0! spcclu without The dan
| Grs Or difficulty that Ia generally Imagine ].
During the var our people WIRE nccurtntucd to
heir our KnrlIsl ftiends.say thai the houlh uoves
! cnrid he euhjuga,th. hut the result has prnye,
|
lie t.nonslsatrl s.las our GhnncihI csUIkcsu alsl
rrtrbc.y In vain iu regard to The uxpcGntc q
Of An Early return to IpcrIe ilnyn'.nt.. 10 fntarE
10 specuptyncnia will safety The 1sral4'ndcrr
should be redeemed day by dur. and thus will
aEradusl contraction nil hnngcrr cau l,c avoided
Tho only question TINT remains to he answered II
low rapidly shnll tho contraction take nlacu. II
uny event., hanks and fu.ll,ldunI4 must take cart
nf Themselves. Thu malAdy te known. and # re-
main. tor na Ia apply the cure. Onr c!sculatlo,
1nust hnsc coin u a bnsls. 4 financial plan con,
prthcnd'rc both paper AID coin cannot wn1k tsar
naon.nnsly together. or Inst long, Senator Mo!
ton. Mr. Low raid, had reported TINT there i
t:;0p, 0o,0oo Of gold In the country. Thia II 81
error. Tho cAparatinn OF eold, ~ well as Iocklu1
1t M, IL 'mpoTetlshing tho country, md vii
Gro MnH, bring 1nanclal ruin II 1cufc - no
speedily applied. Lie did not behave that there
IN mvsc than SEQ 40 ,00U Of gold to perform al
the fnnc'irns Of trade. and tho opIY wonlrr l.
lint 1t can ho kept 1t 1I' when 1t IL conrldesus
That NO nrc constantly sc1dlng It out Of .h
country.
u. II. Cblurrdcp, In contcnt!!ne for motion I,
10 rrfcf the tcsnluttots To a cnmsalstce. made
i. vigorous fpcceh In favor of speedy Ertufn I,
rpcc!c pa3mtns by act 1T fCnnsEcBs.
tn TIlE ASSOCIATED rKKsH.
TuR HEncnASTn' TRITON rxrhkss:conrANy xs
Nxw Yonx. Jan. 7.--Julgo 1nrrahnn to-da
Rtantud m Injunction fcatfairtuk rho Mnrchnnts
Eutun EapFCts Company iron, completing COZ
, ! rol!aatton With any other company and tn
American Merchants Union Company from ro
ee.vt'E any nnoYs, propsFty, rlehts OF franchise
6 restraining the Merchants Union Company from
:. collecting tho last called asfcatment OF nsc lGl
Lara phnrc, the dctcrlants to show causo.;on th
+ 18th lIss., why The lp1unetion may not be cur
i tsnutd during the pending Of The actlon con
! menced recrnily hvjss. W. B!atchford agalns
- The C0nmtrcla! to-day says The clauses OF Ser
g ator Wilson'S hill proposing tn prohibit the cert
). hcatten OF checks and payment Of interest on dt
= posts has produced n strong feeling aEong y:
= sfoual BanKA. One bank now II asking the cor
i sent Of IT'S etockholdcse to rcor2aulzs under th
:. state laws A private capitalist Is also said to
:. taking measures for the organization ofh stat
j. hiafting tie payment Of interest on deposit
= there can be t!ts1c douot that VIZ should wltuet
T. the orr anizat!on OF Nee STATE hanks and the CO..
= vefel1n o1 National Banks Into State Institution
~ | ACCIDENT 20 crnCs ". FIELD.
- | C5r1s ". Field, yesterday. slipped down etes
+ deeltytty near his Residence IN lrslngtou, AZ
- sustained eeyere itjunee.
~ | TROUBLE IN THE CANT OF TEE DEMOCRACY.
- There Is great tiscoIsent and ttssenslop amor
!, Democrats here, and strong ps-ty Is furmit
y against Tan many, With determination 10 !n&e
y fefe With its A. citut prestige. Fernando Not
" - "a tatd to be at the bottom Of thts opposite
" Bis adherents eaJ the management OF the Dem
! cratic party has gone into the hands Of the Ma
hatta1 Clab. and that ihcy Won't have It 20 mu
General Committee. last night, At Masonic Hall
e grand Tow occurred. Windows and furniture VT
:. broken. mt Knocked down, and the police
L la1Ge lorce Was called tn. But for that tho
:. would have been a bloody fight Tammany
~ deEnned to have trouble hereafter tfo1 naico