The New York Herald Newspaper, February 23, 1863, Page 8

IMPORTANT FROM ALBANY. What Was Effected by the Amendment | Suit cicn of the Rules of the House. The Alarm of Those Interested in Special Legislation. The Rescue of a Cargo of Jobs from Shipwreck. The Business Before the House, and What Has Been Done. THE ASSEMBLY A WORKING BODY. Important Bill Relative to Tax Sales. BILLS SIGNED BY THE GOVERNOR, &., &e., &e, Aupany, Feb, 20, 1863. ‘The contest over the adoption of the rules of the House yesterday was signilicant, and there is more bebind it than moet people imagine. In the first place the Comptroller’s report of this year shows that there was over $900,000 in claims, &c., ordered to be paid more than the Legislature *ppropriated funds for. This result was all accounted for from the tact that the Committee on Ways and Means bad uo knowledge of the amounts ordored to be paid on reports (rom other cominittees. To prevent this in the fature an amendment to the rules of the House was sug+ gested, providing that all bills which asked for au appro- priation from the State should be referred to the Commit- tee on Ways and Means. Mr. Dean moved that amend- meat when the rules came up for adoption, and the amendment was concurred in without any particular op- yesition. This took place at the morning session; but uring the day outsiders who are here ia the interests of certain measures, jobs, &c., began to smell a rat. They discovered that the ‘Comm tice of Ways and Means had all at once absorbed nearly all the other committees by transferring nearly all the business of the House to that committee An other words, it took most of the business from the bands of the Committee on Claims, Itrepeats the pro- gramme of the nice monopoly in salt that now exists at Syracuse, by taking itfrom the hands of the Committee on Salt, when those parties interested in the continuation of that monopoly had made all their arrangements to prevent a change in the programme. It also referred tho Albany and Susquehanna Railroad bill and two or three @the" 3 of the same nature—Chenango extension, &c.—to the Car ./aittee on Ways and Meuns, and 4 majority of that com. #/ 28 being opposed to all such projects, as a matter of irse it caused quite a commotion among the friends of «nese projects. Besides all this, it settled the controversy ia a measure that js now in progress between the Comp- troller and the canal men over the manner in which the surplus revenues of the canals for the last year shall be expended. This surplus for the past year of over $600,000 the crenerollen desires te have used in the payment of the debts against the canals, ori partly out of the claim for canal da- ‘arising out of breakages, &c , and to the repayment fund of that portion which had been ther of locks on a portion of the middle section the Erie canal, between Rochester and Auburn, where, it te claimed by them, that froquent detention takes place ewing to the ineapacity of the locks to admit the passuge Doate as fast ag they arrive, this point the Comptroller, and those who think with state that the active business on the canals is owing the obstruction of the commerce of the Mississippi, and that no serious difficulty bas been felt in accommodating extra traffic He therefore considerg it the best course the part of the Legislature to use the surphus of the canal revenues for the next two years to the dobts agaist the canals, avd by that time the trattic ‘will eettle down into its natural channels, and then it can be determised whether the necessities of commerce de- t er. The rule as amended would refer this matter 40 the Ways and Means Committee eon faygrable report of the side of the Comp. Wan rendiiy be seen that as 4008 8 ali these itt Saw tho position that they were im it caused no lite commotion and alarm. ‘They bestirred themselves, and ‘wero noon yesterday afternoon moving about in a condi ‘tion of alarm and greater activity than at any other time @aring the session. The result was that tuy auited heir forces and secured a reconsideration of the sub ject beri Me, evening session, when the amend- ment of the rule was voted down, leaving the whole ; ayers just where it has stood for several years past. fhe earnestness and the determination of these men to reconsider the yote amending the rule was -ignificant, ‘The sudden rescue {rym disaster of thie great steamboat freighted with jobs carried great relic! to those interest ed in the cargo of that vessel, which at one time appear ed to be in a worse condition than some of the ill-fated veesels of the Banks expedition. Wad they not dis. covered the dilemma that they were placed in in time to move its reconsideration last hight, the ship, with its Sen" have gone under. No power could bave ‘wated it. ‘Neurly one-half of the time fixed by hie poriod for which the members ys Glarty pa ie now by pirgd; Kore a cai the one hundred expired last hight. One-half of the one hundred, or firty days, will be up by the titne that the Legisiature convenes again. This, then, is an appropriate time to take a re view of matters and sec in what condition the legislation @f the session is. In the first pleco, the Assembly spent three weeks in electing a Speaker aud effecting the organization of the ‘and neuriy another week in filibustering over the ection of a United States: retarded business. No one felt like devoting his time to legisiative business whilst this contest was pend- ing. This, as a matier of course, brought the time down to February, or, in other words, used up the month of January in the Assembly. Tho Seuate, in the meantime, slowly dragged along, holding very sh bet little but talk and imtroduce b They knew that it would be of but little av xet much ahead oF the House in the business of the ses Bion, and therefore took it y. The tirst half of the | Seasion is Rot, therefore, as fruiciul of results as it might | have been, and yet more ness ha ansacted dd resolutions: I for them to thin most people imagine, There hav Qot ityiwo bills — introduced Of this number forty-three passed — the Senate and been sent to the Ho Out of this wumber the Assembly have con ured in seven Michael NEW YORK HERALD, MONDAY, FEBRUARY 23, 1863. Of Dewitt to dispose’ of 32—Am act to tie Dry Goods Clerks’ society the tone (lagi Auaeciation in to oy of New York. ‘ing ‘$.—Anm act te authorize the trustece of the Methodist —AB act reiative to the ‘York and Havre Sicam- cbureb in the towa of Dewitt to seli their real | ship Company estate, and to legalize and confirm the acts of eaii society $4.—An act ¢o amend an act respecting the collection of ‘election of their trustees, and to provide for their | tawes in the omy uf New York. ‘and terms of effice. 35.—An act relative to the fraudulent sale of butts, 4.—An act to amend the act entitled am act to amend Barrels, &c. several acts mcorporatiag Ue village of Owego, in the AB act to anrend an act in relation te ingpectors of of cata sped te, 305), ‘im the city of New York. 5. AD act W amend an os Set Lay A a aed aa amend ? Relative to New York Cit; ate Cazenovia, to alter the hounds and to emlarge the powers ters Introduced in the A ge Clifton Springs. 7.—An act tochange the place of business of the Starr Arms Company. $.—Ap act to amen@ an act entitled an act revising, amending and consolidating the several acts in relation to the village of Fort Plain, passed April 7, 1865, and to ex- tend the powers of the corporation of said village. 9.—An act to amend an act to incorporate the village of Bainbridge, m the couaty of Chenango, passed April 21, 182 10,—An act to empower Firemen’s Lodge No. 19, of the Independent Order of Odd Fellows, in the city and county of Albany, to bold real and persoval estate to @ limited a@mount. 11.—An act to authorize the Albany and Vermont Rail- road Company to construct ® braneh road, 12,—An act to authorize the election of an additional assessor in the town of Wawarsing, Ulster county. 13.—An act to authorize the Board of Supervisors of the county of Putnam to raise money by tax to pay yo- lunwers in the United States service, 14.—An act to contirm the acts of the Governor of the State of New York, and to appropriate moneys for the repayment of money paid as bounties to volunteers, and for other purposes. 15.—An act to authorize the levying of a tax upon the taxable property of the different counties and towns in this State to repay moneys borrowed for or expended in the payment of bounties to volunteers, or for the ex- peuses of their enlistment, or for aid to their families, or wo any Jiability incurred therefor. F Governor bas two bills in his hands which be bas not examined, owing to ill bealth—one is to legalize the actsef those supervisors who have placed in the tax levy for 1862 the amount necessary for the repayment of moneys raised for bounties; tho other is to w extend the time for the construction of the Albany and Susquebanaa Railroad, Four more bills that have passed have not reached him yet. One of these is the bill to extend the timo for the ‘collection of taxes in several counties ot this State. List of Bills in the Senate Awaiting Third Reading. 1.—aAn act to elose a highway in Westchester county. 2.—An aet authorizing the Board of Supervisors of the county of Westchester to levy, assess and direct to be collected money tor repaying ibe bounties beretofore paid to volunteers. 3.—An act to facKitate the construction of the Albany and Susquehanna Railroad. 4.—An act to amend an act entitled an act to enforce the responsibility of stockholders in certain banking usso- Ciutions.as prescribed by the constitution, and to provide for the promt payment of demands against such corpora- tion and association, passed April 5, 1849. List of Bills Ready for Third and Last Reading in the Assembly. 1.—An act to legalize certain ordinances of the Corsh. ration of the city of New York. 2.—An act in relation to sale of lands by commiasioners for loaning certain moneys for the United States. 3.—An act to amend an act requiring the justices of the peace in the several towns of Monroe aud Niagara coun- ties, and the police justices of the city of Rochester, to pay over to the county ‘treasurer all flues received by them, and to report annually to the Board of Supervisors, 4—An act releasing the juterests of the State in cer- tain lands and premises lately owned by Edward Louis Frederick Steinhaie, and authorizing his widow to take, hold and convey the same. (Already passed the Se- nate. 5.—An act releasing the interests of this State in cer- tain lands and premi-es owned by James Peter Ilonry Vivien, and authorizing his witow to hold and convey the same. ’ (Already passed the Senate.) 6.—An act to incorporate the German American Schoo) Society of the Nineteenth ward, pf the city uf New York, 7.—An act in relation to the -Kingaboro Academy and School district No. 22 sn the tow ,of Jehnstowa, in the county of Fulton. @.—An act to authorize the making of sidewalks and Planting shade trees along boner of this State, other than in cities and incorporated villages. 1.—An act to incorporate Roman Catholic churches. Reported favorably by the committee. 2.—An act to incorporate banks of savings and endow ments in New York city. Keported adversely to, 3.—An act relative to the commisrioners to open streets north of 155th strect, New York city. 4.—An act in reiation to map of the city of New York. 6.—An act in relation to frauds in collecting taxes. Re- ported favorably by the Committee on Judiciary. 6.—An act to incorporate Harlem Savings ik. Re- ported favorabiv by the Committee on Banks, 7.—An act to create office of Associate Surrogate in the ety of New York. 8.—An act to amend Revised Statutes relative to hawk: ers and pedlars, 9.—AD act to amend the acts relative to savings banks. 10.—An act to amend charter of the Greenwich usu: rance Company. Keported favorably by the Insurance big car i a —An act to incorporate the Hudson and Harlem Rivers Canal Company. 12.—An act authorizing the Cross Town Railroad Com- ya to convey passengers aud freight in the city of New ori 18.—An act to amend charter of the Washington Life Insurance Company. 14.—An act w incorporate the Mutual Benetit Savings 15.—Am act to amend the charter of the South aud West Streets Railroad in the city of New York. 16,—An act to incorporate the Mechanics and ‘Iraders’ Company. Who Are Entitled to Pension ‘The question is «ften asked, Who are entitled to draw pensions’ The act of Congress, passed July, 1862, miade liberal provisions for granting pensions to disabled or invalid soldiers who havo served in the army of the Union since the 4th of March, 1861, and also te all widows and children (under sixteen’ years of age), as well as mothers and dependent sisters of soldiers killed in battle, or who shall die by reason of wounds received or disease contracted while in service and in tho line of duty. The provisions, ag a whole, are much more liberal than t old pension laws for the Revolution or the war of 1812. The amount of pensions for total disability are fixed a3 follows :— Non-commissioned officers, musicians and privates, per + $3 Second licuteants: First lieutenants, Captains, .. allofficers of higher rank. But a large majority of 8 pel only partially disabled, and the amount of pension is rated according to their disability, which may be one fourth, one-third , one half, two thirds, three fourths, &c. The disability is based on the proportion which the effets of a wound received or disease contracted in pub ‘We sorvice actually disables one trom obtaining a liveli A Sedition Law. The following bill is before the Legislature of Michi- att :— The people of the State of Michigan enact that if any person, while any war, rebellion or insurrection exisis against the United States, or against this State, shall pub: lish, or cause to be published, nny eeditions address, pam- phlet, paper, notice, letter, advertisement, picture, desigh or any ether printed, eugraved or lithograpic mat: ter, tending to bring into hatred and coutempt the consti- tution and government of the United States,as lawfully established, or to excite unlawful opposition to the govern- ment of the United States, or of this state, he sball,on canviction thereof, be punished by imprisonment in the State prison for a term of not more than seven years, or by 4 fine of not Jess than ten thousand doilars. FINANCIAL AND COMMERCIAL. Sunpay, Feb. 22, 1863, The declared value of imported merchandise at 9.—An act to amend an uct to incorporate tke Chemung | this port, exclusive of dry guods, during the week Bridge Company. 10.—An act to incorporate the Whitney additions to the Merico Cemetery, 11.—An act to incorporate the Female Academy of the Visitation in the city of lyn. 12.--An act amend an act authori banking, passed April 18, 1838, (Authorizes bank re to fix the number of directors necessary for a quorum. It has‘passed the Senaley. 13.—An act authorizing the vil of West Troy to pave the Leap procuré @ steam fire engine; to borrow money for such purpose: police and constables of said village shall be uniformed. 14,—An act in relation to the Fort Edward, Sandy Hill and Glenn Fulls Railroad Company. (Already passed the Senate). Assembly Bills that Have Passed the As- sembly and Becm Reported by the Si te Committe: ending yesterday, was $2,505,559, to which add the value of dry goods imported, say $1,613,018, and the aggregate imports for the week will foot up izing the business | $4,118,577. Against this we exported $4,986,632 worth of produce and mer@handise, and €520,047 in specie, in all $4,638,624, which shows aif appa- rent balance of” $526,047 in favor of the port, As, ; to light strects, and that the | however, the imports are entered at their specie valuation, while the exports are returned at their valuation in currency, it is doubtful whether the trade of the week leaves any real balance in our favor. The gencral prosperity of the country, and the wealth that is being accumulated in the ma- ‘An act to legalize the official acts and proceedings of | nufacturing and rural districts, have led to so large Peter Tiernan as a justice of peace of the town of Castle- ton, Richmond cuunty. a consumption of foreign goods, especially luxu- 2'—An act to legalize the officlal acts and proceedings of | Ties, that our exports of produce, large as they Langton as justice of peace of the town of Cas- tleton, Richmond county. yand | apy t sessions, doing | aod they are now jn the hands ot the Governor. Two | hundred and ninety three bills have been jutroduced in | the Assembly. Only twelve of that numt or have passed the Ase’ bes coven moking tv been sent to the ¢ bly sbly and been sent to the od! in the paseage of only @ Hills im ull that ‘nor for nis pprova ve three more on their third readiug ¥-five in addition reported Crom thefetand ing vue select commitier the commit Last year at thie date foor tundred aud thirty three b were introduced in © Assembly liuedred and Binety nine in the Sen: thos had lees Dusiness before it at thir nand the A sembly a great deal more ‘The Assembly, kince it has comtmenced work, his turnod off business faster than was « Assemblicg during the first hail braveh of Lhe | egialal or toriner ‘The organizat ved over the nt ite workin got worked ip Speaker who dlezpatehes businee® a grout de uanal. The committees that he has app Belt of =the busines before w Bow reporting on whe bills refer at oa i rate ir t, if this wimte of Q@Mairs continues az it bas during the last te all the moasor without any troutte In fact, | wave this Assembly that are wil! be Vetore t joubts 1 necessary co may be Ber two years from the persen elaiming Walid service « and delivered eerving netoe owner.” notion wet whore namo (he sane = a @uch service on the books of the @ Now York, if be i# « seaiient dead , or not a res it of the Joaal ropresentative, except in one ehould have any, but wd be ¥ b stat iu convepanes frac | belon, | ny in the town of Fishkilt, Ditches county. that Have Passed the Assembly and Are Now im the Hands of the Se- nate Committees. 1.—An act to amend an act relative to the support and gustody of wdigent and insane persons of tho county of ba per} act to exempt the town ef Brookhaven from the | with all the money they waut at six per cent, and operation of the law passed April 7, 1849, entitled an act to protect the woodlamds in Suffolk county against de- atrnction by fire. are, fail to suffice to pay our debt to the foreign world without exports of specie. For this evil there can be no remedy, except a policy which in- volves still greater inconveniences, The money market was easy throughout last week. Leading commission houses are supplied the street operators borrow without much diffi- culty atseven. Large margins are still exacted @.—AD act to authorize the commissioners for Linge by the regular lenders, which has a tendency to certain moneys of the United States of the county of Allegi from the lieu of mortgag9, any to release certain lands in the oy s Allegany % Nehin 4.—An act to increase the number of trustees for the First Wesleyan Methodist church of the village of Ro- } P! chester, $.—An act for the reliof of the trustees of the Glovers- ville Union Seminary. 6.—An act for tho incorporation of the trustees of the arochia} {una of ihe Troyestant Episcopal church in the iocese of Western New York, List of Senate Bills that Have Puased the Senate and Been Reported by the Com- mittees of the Axsembly, 1.—An act to confirma the acts of Stephen B. Tila, jus- tice of the peace, fer rae ae List of Senate Bills Passed the Senate n@ in the Hands of the Assembly Com- Leeds ‘act regulating the sale of hay and straw in the cities of New York and Brooklyn, 2.—An act to amend certain sections of the Revised Statutes, so as to confer additional power upon nowries public and to confirm their acts 3.—An act appropriating a portion of the revenues of the literature fund for the benetit of academies. n act to amend an act to incorporate the Presi- agers ad Company of the De&ware and Hudson Canal Company, passed April 23, 1823. .—Ab act amend ap act to authorize the Watervliet Turnpike and Railroad Company to @yastruct apd main- tain @ railroad on their preseut road. Passed April 15. 4. dent, M. nact for the relief of C. W. #Mie-and others, and thorize and empower the trustrar or the village of atelos to raise five hundred df ldis by tax. \n act to amend an act relative to loaning moneys to the United States. An act to amend an act to incorporate a fire compa- 8 9—An act toamend the charter of the Republic Fire Insurance Co introduced im the Assemby Re- lative to New York City Matter Bi 1.—an incorporate the Commonwealth Savings Bank. —An act to amend an act in relation to Marine Court of the city New York ovige for the continuation of proceed jed by dath of Sheri. ‘4.—An net to punish trands upon laborers and othors empl act br 3.—An stion to the trial of criminal casos. mpany An act relative to notaries public in the counties of tan Police act. ng Street Railroad, to the Supreme Court of the 10 — First Judicial district ih 3 of the city and county of New York. ‘pact to wcorporate the Hudson and Harlem Rivers | “An act to modify the law relative to commissioners | keep weak operators out of the stock and gold markets, and to give stability to the movement of Tiges, Of the future of the money market for the present there dau be very little question. Money will naturally continue to be abundant so long as the war lasts. Mr. Chase cannot afford to create a stringency in the market, and such « policy would be fatal to his own purposes. He must keep money cheap, and whenever we win a victory and green- backs begin to accumulate at the financial centres he can make the experiment of a loan. By a ju- dicious alternation of loans and paper issues, he can juanage to dispose of a good many bonds with- out convulsing the market, and at the same time keep a check upon the speculatioms in gold and stocks. Gold fluctuated widely inst week. It opened at about 156, rose as high as 164, and closed yester- day at about 16244 2%. Exchange closed at 179 a 180. It was reported last evening that Congress wus about to report a measure taxing transactions in gold. We have had occasion heretofore to ex- press the views of the mercantile community on the subject of legislative interference with the trade in billion. It is universally conceded that any attempt to prevent by law dealings in gold would aggravate the evil which it is sought to cure. It would increase distrust, give an impetus to hoarding, and would not prevent illicit opera- tions in bullion. But there is no good reason why the trade in gold, like all other trades, should not bear its share of the common burthens which are imposed on the country by the war. A tax of ya 14 per cent on all contracts for the sale or delivery | of gold would yield a handsome revenue, and would not alarm people. It would operate to check the wild speculations of the bullion dealers | of Exchange place and William street, and yet | would not interpose an insuperable obstacle to legitimate purchases of bullion by parties whose business rendered such purchases expedient. The | tax should be uniform—the same on cash transac- tions in gold as on contracts for its delivery on buyers’ or sellers’ options. of deed: - 12.—An act in reference to the Croton Water Works in ity of New York -An act W secure the payment of laborers in the city of New York i to regulate the business of private loan k f the election of the City In- gor ears jations relatt treet to the num top ation of the Common Ar Council of the city of New York 18 —An ae the Comin 1 ty provide © ation to the members of m Council of the city of Ne k Au net in relation te the cou Ye Sof the city of New ¥ © incorporate the German Saenger Band Asvuciation inthe city of New Vork (reported iavorably commtanit \n vet to amend an act relative to the courts of | New York to authorize the appointn steno courts of the First Judicial district, An act to legalize the action of the Mayor, Alder «i Common Connell of the city of New York —An act for the reher of Janes Savage and Thomas act for the construction of a boree raiiroad in ‘The finane measures progress steadily through | Cong That body will a on Wedne week, and the more important measures of legis- | lation will probably be put through during the | present week. The Bank bill has now passed both | houses, and only awaits the President's signature Tt authorizes the establishment to become a law. of banks by individuals or corporations, with a capital of $100,000 or over, with power to issue circulating bills of not less than $5, such bills be secured by the deposit in the Treasury Depart. ment at Washington of United States bonds at ninety per cent of their market value, and to t legal tender, not between individuals, but between sroverninent and its debtors and ite creditors, | bill was forced through the House of Representa- | tives by the party spur, and against the convie | tion of a majority of members. Mr. Spaulding, | whose specch secured its success, expressed his | belief that the government would derive ne finan- the provisions of the new law. The dank in this city, theugh the first in the conntry in point of capital, has never issued any circalation, | and is new somewhat overloaded with govern- | ment securities. These secarities, it is said, will now be forwarded to Mr. Chase, and the department will be requested to return ninety per cent of their value in circulating notes. Instead of staggering under @ heavy load of go- vernments, the bank in question will thus, without | parting with its governments, be supplied with se- veral millions of money to be lent to merchants or speculators, and will be placed in a buoyant and most prosperous pesition. Under the provisions of the act the Secretary will be at liberty to keep his account with this bank, and it will doubtless supersede the Sub-Treasury as the chief custodian of public moneys in New York. Similar arrange- ments will probably be effected at Boston’and Phi- ladelphia. There are afloat in the North not less than $200,000,000 of United States 6 per cent bonds and 7.30 Treasury notes, which at present are mere ab- sorbents of capital and absolute investments. These will now be turned to account as the basis of new bank issues. By transmitting them’to the Treasury Department the owners can obiain, in return, ciculating notes, money, in fact, to within ten per cent of their market value, with- out parting with the secnrities or the semi-annual interest thereon. The great banking institutions atNew York, Philadelphia and Boston will soon discover the advantage to be derived from the es- tablishment of brauches operating ander the general law. There is probably no town in the North in which $100,000 of government securities could not be gathered together for the purpose of establishing @ bank of issue and making money easy. Our more conservative financiers are some- what alarmed at this prospect, and do not con- ceal their opinion that the new Bank law is likely to produce an inflation mere general, more dangerous and more certain to generate wild speculation than direct issues of legal tender money by government. It is clear that the bill, as passed, imparts to the bonded debt of the United States the same inflating capacity aa is possessed by the legal tender notes; in other words, it ‘mobilizes’? the whole government debt, bonded and floating, and places it in the light of an irredeemable currency, which is certain to enhance values of all kinds. Meanwhile it pro- vides the government with no money. After the $200,000,000 of United States bonds now @float are absorbed by banks as the basis of new issues, the law may lead to purchases of new bonds, and thus the Treasury may derive some benetit from the measure. But it will take some time to absorb all these securities, and in the meantime the war must be carried on and the sol- diers and the contractors be paid. A conference committee, consisting of Senators The | Fessenden, Sherman and Hicks, on the part of the Senate, and Representatives Morrill, Fenton and Vallandigham, on the part of the House, is now adjusting the points of difference between the two Financial bills. hese points are few in number and are susceptible of easy adjustment. It is un- derstood that the Senate will yield to the House in regard to the authority to issue ordinary legal tender notes, and that the issue authorized will be $300,000,000. Some of the correspondents do the Secretary of the Treasury the injustice to repre- sent him as opposing this authority—thus imply- ing that the Secretary has no confidence in hii self, and solicits Congress to tie him hand and foot, lest he ehould commit follies. There is no reason to believe that Mr. Chase is fairly represented by these writers. A concession of the authority to issue legab tenders leaves the Secretary free to issue or withhold them as he eees fit; and if we should take Vicksburg, Charleston and Richmond, he would naturally resort to loans in preference to further dilutions of the currency. At the same time, the first duty of the Treasury De- partment is to pay the soldiers and the other creditors of government; and it would be mere childishness to make such financial arrange- ments as would render their payment contingent upon’our military success. If Congress and the Sec- retary are wise, the adjournment will not take place until the most ample powers have been placed at the service of the administration—powers which will enable the Treasury to pay every claim, though disaster continuously befall us throughout the year. If this is doue—if, in a word, our financial policy be framed witha view of surmounting the worst disasters that can possibly occur—the Treasury Department will be ina safe position. Then, if we are successful in our military enterprises, and currency is plentiful at the financial centres, a re- sort can be had to conservative methods, and loans can be negotiated. If misfortune befalls us, the Secretary will still have funds at his command, and the troops need not go unpaid. In ¢he present condition of the currency more legal tender issues must in any event precede an attempt to negotiate loans. In the course of the summer, if we Wina vietory or two, loans will be quite feasible, not only at home, but abroad. But the Secretary should be left free to take advantage of events, and his solvency should not be left dependent upon the fortunes of war. The following table shows the course of the stock market for the past week and month Jan. 24, 6's rogist’d. 95 a 4 184) % 2 9% 98% Ob via 169 170 10 19835 18615 W232 The course of the stock and gold markets was upward during the past week. Considerable ef- forts have been made by bear operators to depress prices, and a good deal of skill of various kinds has been called into play. But the general belief that further large issues of paper money are inevi- seem to present an insuperable obstacle to the sue- cess of the operators fora decline. Many of the railway stochs would probably, in virtue of their large earnings, be seHing at their present prices if we were on @ specie basis. Erie, with a traffic | quite unprecedented, is now selling at very much lower prices than it commanded in 1453-4. Gale sold thirty per cent higher—on a gold basis—in , With earnings less than those of the present tock Island, at the same period, with a bu- siness lees than it now enjoys, sold at a premium. merce in the interior, consequent upon the paper money system, is producing its effect upon railway trafic, aud hence the unwillingness of holders to sell at present prices. Shareholders seem gene rally vineed th not only gold, but all values, must appreciate with the depreciation of the currency, dnd that the stock of a dividend aying railway—which stands in the light of an in- vestment in real estate-—must sooner or later bear the same relation to the currency as real estate it- self, A vigorous attempt was made last week to depress Pacific Mail, on ramors of foreign wars and table, and the enormous earnings of the railways, | concern will be the most powerful corporation of | Ship ———. of BB Morgan's s ¥ gente trom the West. With management, the Berk PB Gaiioer if :ppion, Pittsburg company is now in @ positionto earn Schr ariel (rors. rom Port Pat P89 regular dividends, obs *ganen, gamers Oregon, Swan. Croton; shipe past atts rier, Bamneraida, Contes. Rrnest CITY COMMERCIAL REPORT. | Helen Augusta, ‘Jotin Gritin, Martha . | Brigs J Crow (Br), La ‘Anna @arugpay, Fed. 21-6 P.M. | ken, Suwannee, Porto Plata ( rem), A P Fenno; scbre Aeurs.—There were 50 bbis. sold at 8c. for pots and | Bowe. bred 5 oe a? 9c. for pearis. | san, A 8 Sunson, Blackbird, C Pendletan, Golden che Buaavercvrs.—The market opened buoyantly, butclosea | al = G Fox, JG Rotehe, St Loule heavily for flour to-day, The sales comprised 14 ind at sunset NE, very heavy, with snow, bbls. State and Western, 1,350 bbls. Southern and ¥ Miscellaneous. dbis. Canadian, within ont revised rango:— Buc E Baipwix, Keen. hence for Pbiladelphia, went om Superfine State and Western. a 730 | the beach N of Tudian River Inlet night of 371B inst.” She te 8 00 | Neod'al ewes Delon whe ithe” (Phe i Biwas balls ise at Boothbay, Me. 176 tous, and hailed from Boston.) Rye flour... eres Corn meal, Jersey and Brandy win —Wheut continued heavy und drooping. Sales were wade | Of 50,000 bus. at $1 96 for white Western, 31.68 a$1 78 for | red and amber Western, $1 602 $1 73 for Milwaukes club | and amber spring, $1 43 a $161 for Chicago spring, and | $173a$l77 for red State. Corn advanced le. to-day, with sales of $0,000 bushels mixed Western at 96!zc. a 98u. for sound, 85c. a 960 for unsound and heated, aud $1 for Western yellow, Salus were also made of 2.000. bush- clg rye at $105 a $1 12, and 3.600 bushels bariey at $1 45 @ $160. Oats were in fair demand at 7c. a 77¢,, avcord- ing to quality, Corres was steady, with sales of 400 bags Rio on p. t., and 150 bags Maracaibo at ade. Corres was sparingly purchased, though quoted down | W Ske, a 890. tor middlings. | Freicums were less active at former quotations. To | Liverpool there were shipped 500 bbis. flour at 28.; 14,000 | bushels wheat, in bulk and bigs, at 7d.; 1,500 packages | Jard and bacon, 100 tons togwood and 20 hhds tallow at | ‘2s. a 328. 6d. To Tendon there were taken 2,600 bbis, Hour ut 2s. a 28. 3d., and 500 packages provisions at 368, To Glascow 250 bags clover seed at 328. fd. To Kromen 200 teres jara a: Ste. To Bristol 30 tons togwood at 278. 6d. An Austrian bark, hence to a 2 Dushela whewt ut 11d, iv bnikes, | AMN¥OrMs ith 28,000 | Hay was saleable aud steady at 8c. a $1 per 100 Ibs. Hives were more active and firmer during the week, with receipts of 26,045 hides. and “sales 01 70.000 hides the latter including 17,100 Buenos Ayres at 303%c. a 31c., 10.300 Rio Grande, part to arrive, at 20c. a 2934¢., cash? 20,000 Orinoco ut 29c. 29346. 6 months: 4,000 Laguayra, 1,000 Aspinwall, on p. t.; 5,000 Pernainbuco, dry salted, at 2035c. a Zle., sich; Gambia and Bistau, on p. t.; 800° W. S. New Orleans at Ie. , 1,600 Washington slaugh le 400 Western do.at 1034 C., 4,700 city do. at 103,c. 4 1e., cash, rejected | Stock in importers’ and speculators’ hands, | 7,800 dry hides, 1,000 wet salted hides. LEATHER.—The business of the week bas been noticed by Messrs. H. D. Hull & Co, as follows:—Througnout the week there bas coutinued a fair moderate demand for hemiock sole, principally from Eastern manufacturers and dealers; but the aggregate business dove bas been somewhat less than during the past few weeks. In prices we haye no change to note, the trade being very firm in their views, and many of them being of opiuion that | rates for the a’ ticle must advance, are unwilling at our annexed quotations, neries are oni: sellers The arrivals from the tan- moderate, und are abscrbed by the weekly sales, the stock remaining comparatively light and illy { assorted, being composed principally of middie and hoavy weights 0) the better descriptions. Light and damaged of all kinds, and Orinoco middle are in meagre supply, and are more inquired for than other qualitics. An auc: tion sale of 10,000 sides hemlock sole is advertised to take place on Thursday next, 26th inst. In onk solu we have no change to note in the market, thore contin uing a fair demand at quoted rates. Upper m tlie rough is in steady request, and prices firm, MOoLAssks.—Sales were mude to-day of 168 bbis. New urleans at 43c. a 55c.: 90 hhds, new crop Cuba at 47c.; and small lots of other kinds at previous prices. O18.—There was more doing in linseed, which was quoted as high as $1 63 a $1 65. Provisions.—A moderate inquiry prevailed for pork, and sales of 1,500 bbis. were effected at $14 95.9 $15 12 for old mess, $16 75 a $17 for wew mess, and $11 504 $13 76 for prime. Beef wa in fair demand, with sales of 400 bbis. at $11 50 a $12 75 tor plain, and $12 75 a $13 50. for extra mess. Sales were also made of 2,000 bbls, and tierces of lard, within the range of 10%c. a 114¢.; 2.150 boxes of bacon at 7%c. a 10c.: 250 packages of baws and shoulders at 73zc. a 8c. and 536. a 6'4c.; also 125 bbis beef bams at $15 50a$17. Butter con- tinued in good demand at 23c. a 28c. for State, and 17c. & zy for Western. Cheese was in more demand at 10c. a Skins,—Deer and goat have been actively sought after at our quotations :—Deer— Honduras, Thc. a per Ib.; San Juan, 72%. @ 77 }sc.: Bolivar, 0c. a 65c.: Sisal, 674;0. a 00.; Vera Cruz, 70c. a Tbc.; Chugres, 72%c- a 77%6.; Porto Cabe'lo and Barcotona; 60c. a 850. ; Para, 6c. a 6T3c0., cash. Goat—Tampico, 674¢¢, 3 70c. per ib.; Vera Cruz, 62350. a 650; Buenos Ayres, 62%c. & 56c.; Payta, 50c. = 52}e.; Curacon, & 50c.; -aibo, a& 50c.; Madras, 55¢. a 70c. each; Cawnpore, 50¢. a 60c., cash. SuGaxs —The sales were fair to-day, comprising 1,250 hhde., at 103¢c. @ 127(c. for New Urieans, and 10c. a 10Xc. for Cuba, with 170 boxes Havana at 114c. a 11Xc. maar gs Of 130,000 Ibs. were made at 12\c. a Sac. Wursrgy.—There were 800 bbis. sold at 54c. a 5c. SHIPPING NEWS. jovements ef Coean Steamers. PROM RUROFE. Yor, AonoPR, FoR Asia... City of Wi Neva Seot! Can . Liverpoe) ‘Ashington. N WOB. coonock FOR CALIFORNIA. New You Mi 2... Aspinwall New York, 11. LAspinwall ~~" ALMANAC FOR NEW YORK—THIa DAY. 6 43 | MOON RISKS. 645) micn waren, morn — — morn — — Port of New York, February 22, 1863. ARRIVED. Steamship Thomas Swann (U S transport), Nichols, Wash- Us Quarte maser ip Patape tran ‘eu ae sport), Bearse, Washington. y hich sea running, ot I hours: 17th inst, lat 39 45, ering Ey pa showing border anil three red balls in the and lay to iinder bare | Jon 64 51, saw an Am ship +! a white burgee with bi) centre, Ship Hum)ol mdse, to RM Madeira 2» Boysen, Hamburg, lye: Passed the Le) dt (Ham), Sloman .¢ Fs too) Bark Sarah, Hallett, Carthagena, . Sth inst, of Cap e Vanderbilt, tre ct to Kingston, Ja, and jay . was boarded Havana the day it days, with saw brig und 8. Bark Grand Turk, Dollver, Matanzas, 11 days, with sugar, to'T Mayhew. Bark Golden Era (of Rockland), Snow, Bermuda, 9 days, in ballast. to Snow & Burgess, Br 12th Jan 3, and Verdoux | ig We tn ballast tod © Con ), Hotchkiss, Barbados, Sons, Brig Boreas ( , St Mare logwood, ty BF ‘ Keg A od Br, of Yarm en.ucgon, Feb 1. wite sugar, to Tdames. 1th’ inst, lat fT 1 alla Wing, bound §, , Neuritas, 0 days, with sugar, to aw brig Fi Bric Abita Ow: T Mayhew, Brig Wm R Kibby (Br, of N 4. with cotton &e, 10 JN Bi Jon 76 40. was boarded fr Sehy GS Atame (of Demat with Indes Ao, to J Brod Sear Eupvemia, Lee, M to 8 W Lew! lon yane, 18 days, with colfee &e, ir ley (of Philadeiph Henderson, Sa, Feb 10, with | ear te gakera Dayton. 'Saled 1 ny with brig W | H Parks, tor Phlace Ser Ben, Fulord, with sugar ae, | Sehr Rainbow, M w Haven, Sehr TJ Tull, Co | The great development of enterprise and com- | Behe NW Sith, & kit , Ru: Hazeus, F | of the port of New York tor 1¥62, a8 made up from 1 8,400 country do. at | 1862 < Commence or New York—TONNAGE FOR 1862—The Wanage Nelal records at the © jude, shows an increase, both: in the number of arriv: clearances, over every preeed. i In the American tovnage there is of couime rease, owiny o the fact that a large 7 eats hi ve nationaliues, sie jonis have ina great ineasure been neglected, in con sequence of the risk of capiure by rebel privateers: in addition 1 thie a large proportion of American vessels huve been employed by government. The total number of arrivals from ports was comprising & total tonnage of 2.552, 481!4. this number 2098 Were Ainerican Vessela, representing & ton- page of 1,472,U8934, against Vessels and # touoage of 1,618,253 in 1561. The increase in the number of cicarances: is relatively the e. The nam! of American \sssels was and Of foreign 2814, making a total of 5016, aud & ton- nase of 2,487,-524,, Considering the fact that the country has been involved ina colossal civil war durimg the eaure Year, tho result is vertainiy, asionlahing. Aguexct are the Zatrlen 5; id clearances since 1857, inclusive:— XNTMILS AT NEW YORK FROM FOREIGN Ponrs, 0. Vemnelt, Tonnage. Scameca. American... + 2,693, 1,472 Foreign 1,079, ++ 2,652,481; SLSt tered in LSGL. saat fous ant tered im 16d. 2168 60123 72.510. tered in is 180 88155 La § Total entered io 1,693 871 56,045 otal entered in 195 851 1,971,008 105,753 CLEARED AT NEW YORK YOR FORKIGN PORTS. Wo. Wesel, Tonnage, Seamens Ameriean 1,281. My Foreign. 1,206, 139g 42498 ‘To'al cleared in 1882 852 77,096 Toul cleared in 1361 Pasig 4.925 Total cl 1,970,997 66,730 Total cleared in 1368 1380130038 itl cleaved in otal clenred te sexton os 7 x a ‘The number’ 0 wise Entries and Clearances for the year, according to the Custom House records, Ia as follows: Fs CLEARED COASTWISE. No. Vessels, rma, 2.902 619. i 4,003 4 £02 808 1 4,693 1,726, R 4,331 1,640,473 oy + 1,569 03,69 4,182 1.425.810 In view of the continued interruption of the coasiwise trade, no idea of it can be tormed from these figure: cially ns vessels are not by law required to enter and thy Custom House except they have ether foreign or spreitiod domestic merchandise on board, ‘The following table gives a suinmary of the versels in the - harbors of New York, Bosion, Fuiladeiphia, Baltimore, Charleston, Savannah, New Urieans a: vestou, at the atest accounts from each of (woxe ports:— Steamebi Ships Bar! ree CHANGE OF COLOR OF DAY BEACON AT PONKIN SAARI, GOLD OF FINLAND, Tusascry Deranranint, Orvicy Lromrmouse Roan, } WASHINGTON, Jan 7. 1363, Oficial information has been received at this office that the Signa! having the form of a quadrangular pyramid sur- mounted by a square, and situated in the Guif of Finland, on the top of the E point of the Ponkin Saari, In the Channei between the pilot stations of Pitkepas and Koursa- lo, has recently been paint d white on the two faces toward the sea, By order of the Lizhthonse Board, 'W B SHUBRICK, Chairman. DAY BEACON ON LEDSCURR ROCK, GULF OF ROTRNIA, Tre suny Derartaent, Orrick LiGmTHOUSK BOARD, ) ‘Waskincton, Jan 7. iMG2, § Official information has been received at this oflice that the signal on Ledacher Rock, in the Guif of Botbnia, situated at the southern extremity of the Isle of Aland, latitude 09 67 68 N, and longitude 20 1015 E of Loredana serving & guide lor vessels going from the west to the south side ef the above amed inland, to enable them to enter Ledsund, has been re- Puilt daring t f ty mn dark red. ‘the hb. The total height of the signal is Ush feer above Ite base, und 574; above sea level. By order of the Lighthouse Board, W B SHUBRICK, Chairman. {OBSTRUCTIONS TO NAVIGATION N¥AR OUTE LIGHTHOUSE, BALTIC Oo A. Taxascry Deranguynt. Orrice Liantmoust Boann, Wasuixarox, Jan 12, Official information has beeu rec. tved at this office, the Department of State. that during the season tion of 1862, a band with five fecton it, a @ whic “Lesehiv,” has been discovered by the gunboxt Leseh’ This bank is composed of three detached stones, from ti to seven feet below the surface of tie water, Its trast de pis is in Jatitude 594148 N. and longitude 21 4632 E of Green- wich, #nd 6415SE of the Oute Lighthouse, distant there from 13.6 Italian miles, From this point of ‘east depth the: bank extends 252 sards towards the NNE, and 13240 width, The bearings are by compas. | W. B. SHUBRICK, C Foreign Ports. Baneanos, Feb 10—In port schr Mary Alice, tor Arroyo: By order, oan, jan 20—No Am vessel in port, RMA. J = Feb 21. 2.3) PM—Sid (by tel) steamship Canada fiom Liverpool), Boston, Cantu, Feb An port Be brigs Catharine, P NYork Sth: Prince ot Wales, Partridge, for do abo [Per Steams Canapa, at HaLivax—Ty MATIC.) Arr (rom NYork 2d, Com Sciling, at Genea; EU Scrantom, and Empire, at Liverpool, Arr fro. ith, Undaunted, at Deal. Arr trom Foochow 6th, Lammergier at Deal. Sid for NYork Gth, Sir Robt reel, Columbia, Europa, and A from Liverpool. Boston 6h, Ocean Pearl, from Lverp for Philadelphia 6th. Lancaster, from Livery Sid for Baltimore 6th, Gauss, from'Liverpool. Ship London, from Deal fi the 6th, with master sick. American Ports BOSTON, Feb 21, AM—Cld steamship Norm rT a; ship Stephen Glo-er, Remmor i. ortan Prince; schra Wenonab Nickerse ster, Baltimore Hammond, Paine, Philadelph: Par NYork. BALTIMORE, Feb 20—Arr steamship Potor tr ibbs, Below, olf NYork, put into Falmouth om Vor iP Ns is, Pack ; Bugene, anehor, schrs G Buxton, Gem, Atkins Nipsion; A Townkend, Tow er, and Mary Helen, Hutehinson, NYork Sid Br VER, Feb 19-Sid schr Mary Mershou, Bright- man, Kizabethport, PHILADELPHIA, Feb 21, AM—Cld steamsbip Savon, Ma- thew schrs Isabella Maria (Br), Pelkey. Barbados; sehrs ‘©. ». White, New Bedford; Washington, Steel man: IP Simmons, Seaman, and Tennessee, Wooster, New York. ve brigs and abo! 40 echo d by a NE wind and ior fea ny mt aveneee, ig Geo Laidiaw, The . Cld Br ship Anglesea, Brace, Liverpool; ba tevideo big mang erie bay sete iexmore, Tracey, Fortress Monroe Greenpoint, NY; sehr 8 A Appletw, mpson, Card Ho VORTSMOUTH, Feb 19—Arr sche Dashing Wave, Fre man, Ta MISCELLANBOUS. AUCTION.<WILL BE SOLD AT. SHIRL A a Oy OXiRS Me SILLER, at the Merchants ix Change, on Wednesday next. the 26th, the very soperor frown stone front four story Dwelling, No, 107 Macison ave. claborately finished, with trescoed walls and eve convenience and einbell nerly of the matter of the cit, will oe urebase will atlor! a rare to operations on the By pation or opinion, Office hours frem 9 TOO LATE FOR CLASSIFICATION. ACADEMY OF MUSIC. RMAN OPERA, by the priliiant suecess that hae at manices in Brovkiyn, aud atthe general Mr CARL ANSCHUTS begs (0 KEP REBENTATIONS, ff thade lpt| OF a might Will (ake piace Be YKLYN Encour four pert th ribers The firet, being Se sett eminently homroue when Lorizing opera of y succes! DAE a PoACHE T vo. all i the company with the ful srength © The nu will be given, large juvenilé increas « tions 0, this work tn {l, it ts hoped, Opera who |e Pp in bie to those palons of humorous story dd ta hi : velvactogs and melodii ok deat of the city and county, wid Lave no aceut or legal | ye ny/at ‘Now York. cial aid from it for two or three years to come, and | British competition. But it proved a losing busi- ee Gaeta, Sac rer ies ily end soemiy New Vork, woth shall bo 26 —An act providing for the laying of railroad tracks True, the stock sold at 153%, against 178 a 2 Grout Bag Harbor WHI bring his performan of the city and county of New \ork, which ehall be sudicient service of said notice © The Governor has signed thirteen bills, of New York that it would not relieve Mr. Chase from the neces- : porate the Society for the Protection | sity of paying his way with legal tender money. It (reported | has been commonly supposed that it would not go Mr. ANSCHUTA n, Great Bax Harbor. fth in the city ort for Portland, OL 27.—An act to incor t of Destitute Children in the city of New York ND MATINEE, A GRAND minty ce. But it rallied in a day to 162, and there is reason to believe that a large number of ' nese" He has four the fret ever given in Brooklyn, Fisow MARTIIA, #9 successfully produced oo Tuesday more “< r ‘ rovidence, some Hae otay Tuore are atl four wore That Wed ot | ae mst ccvnag orvinnase of tho Common Councit | into practical effect until after the war. Now that | short contracts still remain uneovered. There has Sieemet Petre. gue, Prova nee. bn now be secured for Tussday’s performene, boon delivered to him up to noon to day of the city ot New York it has passed, however, it is whispered in financial | been an active traffic in Cleveland and Pittsburg. | emer O*Pr* BELOW. <a YOR ALE. —A HANDSOME CUTTER $L.210n, Mille Passed and Signed by the Governor. Company to aber Toute. phn Avenue Railroad | circles that it is going to be turned to account | A vote will be taken within a week, in the direc- ghi Breceu from Bremen. {LEIGH Yor sALa--4 HA! en ston, 1,—An act to provide for the payment of certain per 30—An act relative to the Orphan Asylom Society in | sooner than was expected. A leading bank in this | tion of the Fort Wayne Company, on the proposed Sieameip'M J Scstopl, with horses and troope, anchored in | ver ells, ail for fog and wis ‘ise pone Tor service performed white serving as officers of the | the city of New York. city, and an enterprising banking firm in Philadel- | consolidation of this company with the Port Pes abcac, Troms Liverpool, Deo $9; ot an- | siren. er ab Fowerseliaeis ich 31—An act to incorporate the Protestant Eptecopal mireet, or at Tet ‘Tract Suciety. NE exombly. 3 per to nulbwize the trustees ef the Orville Pres. phia, are said to be prepared to organize under | Wayne. If the consojidation is ratified, the united