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# MONEY MARKET. Thursday, June 8. We are still in a state of unutterable confusion, flat, insipid, stupid, languid, heedless, without knowing what is coming or whither we are going. The whole trade and commerce of the country are in the power of the banks and the government, but instead of calmly surveying the ruins, and endeavoring to reconstruct the edifice, it seems to be the delight of all parties to "make confusion worse confounded." In this city and State the banks are slowly and with difficulty shaping themselves into separate and distinct courses. One set are endeavoring to return to specie payments-others are curtailing in order to assume that position-and a large preportion are eager to launch out into issues of paper money. The Brooklyn bank, and we believe the Long Island, have positively resumed specie payments, and thus begun a movement that may, if encouraged by the moral sense of the country, wipe away the national degradation and disgrace incurred by the general suspension of specie payments before the world. In this city it is highly probably that the curtailing banks are actuated by a secret resolution to resume as soon as possible. In Albany and throughout the State, the Safety Fund league and the financiers connected with the State government are very anxious not only for a large issue of irredeemable paper, but even desirous that the President should recommend to Congress an issue of Treasury notes. It is probable that an opposition will be made to Treasury notes by a portion of the mercantile interest, but we doubt whether such a measure is not the best, if not the only one, that can retrieve the country from its present condition-reconstruct the exchanges, or put us on our legs again before the world. Treasury notes, bearing interest, would certainly be a prefera-ble currency to irredeemable paper money issued by 600 banks, one half of which no one knows any thing about. One of the many difficulties pressing at this moment upon our money market, is the preparation making to pay off the third instalment of the Surplus Revenue, and to loan, under the State law, the two last portions on real estate throughout every county. Of this latter about $2,500,000 are to be loaned on landed securities, and it is probable that all the land speculators connected with the party in power, will be preferred to any merchant, or independent citizen. Part of the surplus revenue will be merely a nominal transfer, but both these operations bear heavily on our paper money market, and compel the banks to curtail and contract. These instalments are payable in specie, but it is not probable that all the states will make the demand in coin. They may be content to take such paper as they can get. In Boston the money market appears to be easy and comfortable. The regular publicity given to the operations of the Boston banks, and their cautious conduct, speak highly for their skillful management, and the general system on which they proceed. In this city and state, neither the Wall street banks nor the Bank Commissioners, nor the state government, have made any publication since the suspension, showing their condition-circulation out-the specie on hand on the 10th of May-the specie on hand now-or the general course of policy they mean to pursue. If these institutions, here and throughout the state, intend to act honestly towards the community, they ought to show their actual condition, and not shroud themselves in mystery and darkness. A publication has keen made of the internal condition of the United States Bank, which shows clearly the course of action that institution has adopted since the suspension took place, and from this we see, as far as that establishment is connected with commercial affairs, the germ of the future, and the probable course of action for a time to come. So far as we can form an opinion, the banks are rapidly losing public confidence by their mysterious conduct, by the continual jarrings of the different interests, and the violent political action indulged in by both parties. The bickerings caused by the politicians since the year 1833-4, have gradually sapped the confidence towards the banks, till they were precipitated, and voluntarily and faithlessly, stopped specie payments. This deplorable concussion in the monetary affairs of a great nation, is the joint production of both parties. In the present condition of our banking concerns, an elevated course of action on the part of the banks, and the separation of all money move-ments from the action of political parties, it might be possible to devise a plan by which the banks could return in a few months to specie payments, acquire their former public confidence, and reconstruct the whole frame of credit. But this, it appears, cannot be done. What will be the consequence? An entire prostration of all confidence in the present banking system-a gradual discredit of all bank bills and paper money-and the sudden return of the community to a pure metallic currency, as rapidly as possible. One party prevents the United States Bank from doing any good and to retaliate, the United States Bank throws shackles upon the Safety Fund brood. Thus we go. Specie yesterday was in considerable demand for shipment today for Europe. In the early part of the day paper money declined and specie rose. Sovereigns sold for $5.371, in city paper currency. It was soon found, however, that the supply was more than equal to the demand, and the value of paper appreciated. A considerable amount of bullion will go out by the packet, but not near so much as usual. Manhattan post notes were sold at 7 per cent.-United States at the same price-Morgis Canal bonds at 2 to 3 per cent. per month. This is the company of which John Haggerty is a director. Things suspicious are said of the Morris Canal, and an explosion is expected in process of time. An extraordinary state of excitement exists in relation to the Long Island Rail Road Company, which we shall explain to-morrow. John Delafield bas a finger in the pie. # GENERAL MARKETS. NEW YORK, June 7th, P. M. Operations today were about so, business generally looks better, but this is the wrong season of the year, to have any judgment on markets, warm weather puts a stopper on every thing. Flour-The market toden is
