The Treasure Movement at New York weekly, and the amount in Banks at the close of each week since January 1, has been as follows: 1866. week euding Jan. 6.. 13. 10. 17. 14 24. TREASURE MOVEMENT FOR 1866. Receipts. Exports. Sub-Treasury 20. "27. Feb. 3. 944,878 1,449,074 1,209,048 656,812 3,226,040 279,842 115.204 3,251,734 120,179 94,828 2,608,796 119,879 Mar. 3.. "10. 1,469,286 17.. 1,425,353 24.. 389,837 In banks from to foreign Customs Interest Gold Certificates National Banks and Congress.-Returns of the New York, Philadelphia, and Boston Banks- The opinion has been actively discussed for some time past, and is evidentiy gaining ground in the country and in Congress, that the National Bank currency could be assumed by the Government without a danger to any business interests of importance, and with manifest relief to the burdens of the people. It is arargued that the banks gain at present the whole of the profits arising from the L issue of the currency, while the country at large suffers the loss which its issue has caused in the depreciation of the currency and the consequent disturbance of values. The interest on the 330 millions of bonds deposited by the banks as security for 300 millions of circulation is estimated at 18 millions of dollars in gold. This sum, under the proposed plan would be saved to the Treasury, while the notes would be cancelled and their places supplied by greenbacks. This scheme has been attracting the more attention in consequence of the opposition raised by the banks against the redemption of their notes in the metropolitan centres. We publish below a copy of a bill for this purpose, which was introduced into the House of Representatives by Mr. S. I. Randall on the 7th January, and referred to the Committee on Banking and Commerce: Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the Secretary of the Treasury is hereby authorized to issue, on the credit of the United States, such sums as may be necessary for the purposes set forth in this act, not exceeding in the aggregate amount three hundred millions of dollars, of treasury notes, not bearing interest, of such denominations as he may deem expedient, not less than five dollars each, which said notes shall be lawful money and a legal tender for debts in like manner as provided in the first section of an act entitled "An act to authorize the issue of United States notes, and for the redemption or funding thereof, and for funding the floating debt of the United States," passed February twenty-five, eighteen hundred and sixty-two. And the provisions of the sixth and seventh sections of said act are hereby re-enacted and applied to the notes herein authorized. SEC. 2. And be it further enacted, That the amount of said notes issued in any one fiscal year shall not exceed one hundred millions of dollars, aud the same shall be used only in exchange for notes issued by the national banks under the authority of the United States, in conformity with the laws regulating the same, and for the purchase of such portions of the national indebtedness as may be necessary to carry out the true intent of this act. SEC. 3. And be it further enacted, That the said national bank notes so received in exchange for the treasury notes authorized by this act, shall be by the Secretary of the Treasury forthwith cancelled in like manner as though they had been returned for cancellation by the banks respectively issuing them, and the certificates of national indebtedness, and bonds on deposit for the security of said notes, shall be transferred to the commissioners of the sinking fund, which is herein established, at market prices, to the amount and extent that the several banks whose notes have been thus returned would be entitled to receive the securities therefor. SEC. 4. And be it further enacted, That the Secretary of the Treasury, the Attorney-General, the Secretary of the Interior, the Treasurer of the United States, and the Comptroller of the Currency, shall be the commissioners of the sinking fund, who, or a majority of whom, shall receive the evidences of debt and bonds purchased in accordance with the provisions of this act, and forthwith stamp upon each, so as to make it unfit for further use, "Belonging to the sinking fund of the United States,' and stall cancel the signatures thereon. They shall hold said evidences of debt and bonds until their respective maturities, and until then all accruing interest shall be paid and is hereby appropriated to the said commissioners, who shall purchase other evidences of debt and bonds, to be used and held as herein provided for, and so from time to time as money may be received from such sources. SEC. 5. And be it further enacted, That immediately after the close of each fiscal year the Secretary of the Treasury shall publish an account of the condition of the said sinking fund in at least one newspaper published in the cities of Washington, Baltimore, Philadelphia, Boston, and New York, and he shall, at the first meeting of Congress thereafter, report the same to each branch thereof. SEC. 6. And be it further enacted, That so much of any law or laws, as are inconsistent herewith shall be, and the same are hereby repealed. As our appreciation is well known of the important part the national banks play in the finanial affairs of the country, we need scarcely say that we disapprove of the plan set forth in the foregoing bill, and think it likely, if adopted, to cause serioes commotion in monetary and industrial affairs. For the present, and until the nation shall have recovered from its financial troubles, the more of steadiness and stability we can confer on our banking system the better. Until we have funded our vast floating debt, thoroughly absorbed the disbanded soldiers into the disciplined army of peaceful workers, and restore the equilibrium of our tottering, overstrained financial machinery, it would certainly not be wise to run the risk of causing further disturbance by closing any of the banks. We have never objected to making these institutions pay their fair share of taxation; but in the present financial situation we do strongly object to so sweeping, dangerous and revolutionary a change as that contemplated by Mr. Randall and his friends. Waiving all considerations of the overwhelming objections of a political and financial character which oppose the plan of increasing the volume of the Government legal tender notes, Congress has a sufficient argument for rejecting the scheme in the fact that it would unsettle and weaken that financial stability which every motive of patriotic and enlightened statesmanship combines to lead them to strengthen and support. Below we give the returns of the Banks of the three cities for the past year: NEW YORK CITY BANK RETURNS. Date. Loans. Specie. Jan. 6, 1866... $233,185,059 $15,778,741 234,938,193 16,852,568 239,337,726 15,265,327 Circulation. Deposits. Legal Tend's. Ag. clear's $18,588,428 $195,482,254 $71,617,487 $370,617,523 19,162,917 197,766,999 73,019,957 608,082,837 20,475,707 198,816,248 72,799,892 240,407,836 13,106,759 20,965,883 242,510,382 10,937,474 21,494,234 242,608,872 10,129,806 13.. "20.. 27.. 538,949,311 195,012,454 70,319,146 516,323,672 Feb. 3.. 191,011,695 68,796,250 508,569,123 10.. 22,240,469 188,701,463 68,436,013 493,431,032 17. 24.. 243,068,252 10,308,758 22,983,274 189,777,290 183,241,404 Mar. 3.. 235,339,412 17,181,130 22,994,086 181,444,378 10. 17. 233,068,274 16,563,237 594,204,912 233,517,378 15,015,242 23,303,057 185,438,707 68,402,764 579,216,509 24.. 185,868,245 69,496,033 593,448,864 31. 529,240,640 Apr. 7. 242,643,753 11,486,295 24,127,061 189,094,961 71,445,065 602,315,748 14.. 244,009,839 11,035,129 24,533,981 193,153,469 12.. 19. 255,690,463 13,595,465 25,189,864 217,427,729 85,710,107 579,342,488 26. 257,969,593 19,736,929 26,223,867 June 2... 250,959,022 21,858,093 26,244,255 198.127,289 69,188,992 713,575,444 66 9.... 249,538,959 15,821,663 25,967,253 633,656,381 • 16.... 217,301,547 11,217,305 25,887,876 613,698,301 23. 30... 248,436,808 8,504,096 26,585,394 201,969,288 80,840,578 696,447,630 250,884,168 7,797,218 26,706,622 204,357,272 81,882,640 568,842,490 July 7.. 257,534,833 14.. 9,865,266 27,296,530 25. 265,901,065 6,884,077 265,399,607 6,381,600 27,807,834 225,191,282 92,22,808 586, 64,052 8. 26,941,668 225,107,991 90,773,232 22. 224.394,663 90,428 189 567,299,212 605,290,424 29. 269,807,383 7,643,960 29,213,950 223,336,785 87,826, 21 Oct. 6.. 274,210,161 6,203,698 29.802,358 228,484,780 85,339,679 829,081,759 276.443,219 5,576,002 30,176,908 226, $58,897 824,721,933 762,264,041 761,934,425 226,325,817 71,512,495 776,604,339 221,892,500 68,120,361 842,575,299 218,414,981 62,359,254 917,436,876 263,011,668 14,957,007 31,393,849 202,889,177 61,485,458 649,081,442 260,620 027 14,582,050 31,794,653 203,676,822 60,946,857 647,315,736 258,452 330 13,991,200 31,797,665 206,458,271 63,994,309 556,150,833 258,255,514 13,231,917 32,433,429 202,029,877 64,816,962 587,150,839 13,185,222 32,664,526 200,811,290 63,000,687 515,917,989 259,354,761 29. Feb. 3... 16,481,005 47,233,661 1,000,689 7,668,365 34,681,135 10. 996,312 7,819.599 34,464,070 17. "24 Mar. 3.. 16,777,175 7,843,002 33,926,542 17,282,602 46,865,592 1,026,408 7,732,070 33,052,252 8,161,049 32,835,094 10. 8,248,100 32,504,508 16,375,608 46,690,788 1,026,068 8,438,184 32,102,427 15,969,814 46,642.150 981,932 8,580,200 32,144,250 16,622,233 46,028,641 946,282 8,720,270 32,762,280 14 18,323,759 45,114,699 34,640,864 18,660,513 45,762,733 18,949,719 46,832,734 800.241 8,779,166 36,032,862 19,144,660 48,006,654 912,023 8,794,348 36,987,007 19,646,263 48,236,256 896,741 8,930,420 38,414,588 37,296,645 40,939,870 21,946,595 40,300,629 39,153,816 40,436,163 22,325.428 1,125,728 33,768,019 22,348,638 1,057,323 38,494,696 22,602,531 1,033,391 93,539,000 521,292 20,262,177 36,398,481 22.887,971 1,048,022 92,990,512 556,856 20,034,968 35,581,876 90,705,159 623,938 19,905,120 1,273,948 22,034,642 1,215,675 21,899,318 1,157,848 22,606,835 1,006,719 35,297.498 22,730,329 721,809 *No returns from National Bank of Redemption. + No returns from the Traders' Bank. The course of the National Banks has been as follows: We compile from the official returns to the Legislature the following statistics relating to the railroads in this State, and their operations in the fiscal year 1865. The capital account presents the following in relation to stock, bonds, &c. and the cost of the several works; Companies. Danbury & Norwalk.. Hartford & New Haven. Miles Share Funded Floating of Cost of road and equipm't. 23.80 $412,282 71.60 3,498,319 Hartford, Prov. & Fishkill.. 4,204,866 202,500 $150,947 Naugatuck 1,100,009 295,000 34,065 57.00 1,465,639 New Britain & Middlet'n. 75,000 N. H., N. Lond. & Stongt'n.. 738,538 766,000 New Haven & Northamp'n.. New London Northern.... 700.000 132,800 12,925 |