Specie

The recent rise in speoie has for thapast six monthg, becu the subjeot of endless disoussioQ in every uewspuper throughout the country, and opinión have been as varviug as the rate of premium. The ainouut of specie held by the New York bauks, at the date of their suspension ou the 80th of December lust, was, iu rouud numbers, eighteeu millions of dollars. Sinoe theu, in th face of the riso, the amouut has beea run up to thirty-seven millions. Tho amount of speeiu iu the whole country, last Marcb, was estimated to be 237,000,000, sixty millions of which was said to be hoarded in the South; of thig sum, 6fty millions must have since been expurted. After the suspension of specie payments, the premium at n,o time rated above fjur per eout. until Juna 14th, when, on tbu strength of a new issue of treasury notes, the premium advanced ta 20 per cent. Tho fluctuation bas sinco been frotn 12 to 20 per ceut. premium, varjing with the oheerful or adverse re. por'.s of army movemöiits. The futura of tho specie market cannot be predictcd, with certainty, infiuenced as ït is by extraordinary causes. Two of these oauses will opérate with mora or less vigor a loug :is the couutry remains in au unsettled state, viz : the dispositiou to hoard gold, and the distrust whioh arises from a fear of an inordinate expansión of na tional currency, inducing the export of specie from thu country. Tho businesa wants of the oountry ra-. quire a certaiu amount of circulatiug medium. When this is had the evidence oí a ïurplus first exhibits itself in increasüd biink deposits and low rates of interest, theu in a general rise of mercuantable commoditiüs, and fiually in the ad' vanee of real estáte aud universal speout lation. Just proviously to the rebclüon, tho umouut of bank note currcncy could not have exceeded 60,000,000. The amount uf natioual currency already authorized is 300,000,000. This has not all been put iu circulation, but will soou be, es-, cept a reserve of 75,000,000. With the prospect of a f'urthcr coutinuanoe of the war a large idditional amount will uo doubt be nuthorized by tUe nest oqhgress. If our arms nre successful, tlie vast resources of our country will euablo us to carry this volume of ourrency without great depreciation, If, on the other hand, we meet with reverses, gold will rule at a higher figure thau is geuerally looked for. The issue of po'stage ourrenoy is a matter of great oonveuionoe to the oommunity, but will not, as is sometimos thougbt, make silver more plenty; the