From another correspondent


NEw YoRx, April 81.
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ASs" Aohh, hpIh 81
To the Editor Of he Unio1:


fear the chairman of finance, in the Senate
proposes to give too long postponement to the ap-
plication Of the specie clause in the sub-treasury bill
Already begin to see the untoward effects of his
remarks in the general advance Of fancy money
stocks and in the advance Of foreign exchanges to a
point where the expectation of specie commences.
Prices Of produce and manufactured goods were
becoming approximaied to the limits Of exporters;
and the proceeds of shipments would have been ap.
Piled in lieu Of specie, to the discharge Of for
eign liabilities; no'o, il an advance IN prices take
place, they will remain unpurchased, our shrs lay
up unemployed, and specie find It's way abroad IN
lieu of the merchandise After the loss ofthe specie
the backs will be less able TO answer call from tho
Secretary Of the Treasury than before.


The counrry better meet contraction of
currency before the merchants OF the interior have
made their autumn engagements in the cities OF the
seaboard, than after; and the political effect will he
Ear less now than IN winter when every thing is
comparatively stagnant, and when masler-manufac-
turers and other employers Of labor may attempt 10
control the surages Of their work-peoye by threats
Of discharging hands, or reducing labor. ~.
Il is to be hoped that the frat day of October,
two months prior to the action OF the proposed tariff
will be deemed by Congress- the most favorable time
for the enforcement Of the specie clause; then the
fall imports will be nearly over, and the amount of
duties accruing next to nothing. Deposi,es due
from banks may be received in the scrip Of the
nation or specie whichever the banks may elect to
do. Yours


