The New York Herald Newspaper, November 24, 1854, Page 3

them in accordance with mauieleen thon eaten tion of a chapel, stocks tcarom el ee f Natural Philosoph: ‘abin American Academy of Arts and Sciences, fund for publication of their transaction: ts Historical Society, as a pub- ‘trial School for Gi: The Massachusetts General Hoa tion to the Appleton fund at Jum for the Insane,,.. ‘The Trustees of donations for , to complete the ? ital, ‘as an addi- e MeLean Asy- Edweation’ in Li- clause in Mr. Appleton’s juest is in the Tollow!n Tdo also hereby give and such of them as sl or survivor of them, to be by disposed of, and distributed for scientific, Mterary, religious or charitable purposes, the followin, ks, at their par value estimated dollars, and situated as follows, ster, State of New Hampshire. ang Manitacturing Co. 't Manches' J ifty abargg in the Amosk Forty shares in the Stark M ‘Ten shares in the Manchester Print Works. 2a. At Lowell, State of Massachusetts. ‘Twenty shares in the Merrimac Manufacturing Co. ‘Twenty shares in the Apple ‘Twenty shares in the Hamilton Manufacturi Twenty shares i the Suffolk Manufacturing shares in the Massachusetts Cotton Mills. ieular institutions or manufacturing stocks |, and also the time and mode of the ereof, intend to make known to my exe- entors; and I feel sure that they will strictly comply in default of any-such directions T have con! ce in their making such a dis- distribution of said property as they will to meet my approbation. trustees have distributed instit rh ton Manufacturing Co. in ind to the which the aforesaid HE Hi Bs i its [From the Baltimore American, Nov. 22. states that i) Girouit ra 4 Sad’ Ohio Rail. making any connection with the he railroad at Benwood, ‘Wheeling, on the Ohio river, and directly ire, where the Central , which is four miles posite | road terminates. is proposed to be by means ef a steamboat, which is to carry the cara across the river similarly to the arrangement on the Philadelphia nehanna river, which boat es tho result, without ‘The connection at Benwood woe ot is Su being at Wheeling. despa’ ~announct iculara aa to the inj A few days before the suit was instituted Fesolutions were adopted at a meeting of ‘the citizens of Wheeling:— he City Council be requested to take imme- jliance on the part of the ith the terms of fits con- ing, and to restrain, by , if necessary, the pi branch connecting at Benw: Council be requested to appoint a com- authority to employ com the most suitable location for a bridge with- , adapted to the accom may seek to cross the « lh ires to secure & Com nd Ohio Railroad wi i : aa i q P é a 4 Ei tent engineers, se F porate limits of the cit: y railroad whic! ling. ° Of those Fesolutions was toask an injunc- company from building a branch to the wharf at Benw has already been built, will prevent the branch road uld seem to us that the injune- as t to make switches, and to to private parties, and that be casily evaded track with the branch to itcan only prove Is, on account of the neces- of cars at the the case the counsel for the the city the bill filed, and on wi which claimed :— of the Baltimore and Ohio Railroad their shevter passed by the Legislature in fraud and violation of the contract of iy of Wheeling and the ‘ond. ‘That said work is an obstruction to the naviga- Ohio river, whereby the business and trade ing are injured. the road claimed that under the law had the right to make branches, and to sat all points, and that right by any subsequent H fy Fs i &. + iH a i 2 5 A 3 é : : é Ef 4} z i LY 7 : i 4 s i = bes s between the cit: Set fortchep this Some of the newspapers at the activity at present displayed in tional vessels at the ‘aeitanmars unusual in these already on its way home; the Me has been absent more than two not improbable that shipg on other sta- Bxow iv Buyrato.—The sak pestorkay; pn hy wan ‘so bare and ovher Duildi ‘The 11 o'clock train ¢ with two in . The fall of mow did tavia— Bufrate Courier, No t that ings have been broken in the severe snow fot extend far beyond Ber i . Sprivermeip, Taxas, Nov. 4, 1854, Our whole country has been wild with’ excite- ment in regard to a murder, said to have been com- mitted about two weeks since, in: Navarro county, upon the of one Mr. Wells. The body was found , in Chambers’ Creek bottom, by a parcel Soon after, eight men were the present rsicana was vi aod «pee and others ent Qt one time that the priso: mobbed, which was the cause of so many of their friends a armed. There were men from imestone counties, who were friends to the prisoners, and lest there should be some hard feelings against them, I will take occasion to remark that inten- tions were to see the law of the land executed. If their friends had been proved guilty, they would have ac- queiseed. There is still great excitement in Navarro county. The body of the murdered man was found about twenty miles from the residences of the parties accused. I refrain from giving any opinion as to their guilt of the murder. One of the parties accused lost a couple of negroes some ntonths since, and it is supposed by s good many persons that the man Wells instigated the boys to run off, and that he was hung for it. nation expressed by finds an echo in Texas :— ‘The Secretary of War, in Washin, and turned on the subject of calling out the Rangera with an expertness that would tickle Jim Crow ing- ¥. Having ordered a requisition on the Governor of the State for six compames of Rangers, he waits until they have collected and marched for Austin—many of 6 breast of every resident of n City, has twisted them travelling hundreds of miles—when the ‘ious countermands the order, and the ngers Secretary would have had to f° back, to use the vulgar expres- sion, “badly fooled,” had not Governor Pease mustered them into the service of the State. The Legislature will have to foot the bill and look to Congress for reim- bursement. The hostile attitude of the Apaches, And the thieving and murdering expeditions of the Camanches, as weekly recorded in the papers, fully justified Governor Pease in the movement. If the general government has no sym- pathy for the industrious settlers, who are at the merc: of barbarous Indians, to say nothing of the solemn obli- gation on the annexation of this Btate, oy which the federal po ver is pledged to protect our frontier from the depredations of the savages, we people of Texas cannot look calmly on, while men are butchered, women and children carried into captivity, and property stolen, The only sensible course to be pu: is to make war on the Indians, which is now fully justified by the fre- queney of their attacks on the settlements and travel. Tera, together with their defiant tone and undisguised hostility. Tampering with them, by treaties, has ouly served to lead them to suspect the whites of cowardice, and toencourage their atrocities. When overpowered, the wily savage will profess the greatest friendship, and cunningly declare his desire for peace and treaties, if ne- cessity or the prospect of presents, make it to his advan- tage, but still at heart he thirts for blood and his fingers itch for stealing. We cannot doubt that the action of Governor Pease will be sustained by the From the San ye learn that es &o. Also sixty to vtord farmers, macuanien, nation is Medins. The banks of the Medina are oer- tainly destined to be densely settled. The Gonzales Inquirer states that a company of on ibeir way 10 Austin, "They wero "an able belies, wa: ye were ‘‘an able: fierce looking set of fellows.” i past seaosn. names oft Dr. Turner, of the ‘a De| ie of Gen P-F. Bit, te repo "The Nue- te pepertee ill, The Nue- ces Valley does not call the yellow, but malig- ant fever. New Patents Isaued. List of patents issued from the United States Pa- tent Office, for the week ending Nov. 21, 1854—each bearing that date:— John Absterdam, of Boston, Mass., for improved arrangement of means for jubricating the cylinders of steam. engines. Clark Alvord, of Syracuse, N. Y., for improve- ment in hand brick moulds. ‘ Henry F. Baker, of Centreville, Ind., for machine bag? walls. enry ‘Eareon David, of Spava, Ill., for improve- ment in sauce pars. Charles G. Fiveritt, of Brooklyn, N. Y., for im- steet metal ovements in machinea for closing xes, James Freeland, of Alleghany, Pa., for improve- ment ic valve gear for locomotive engines. Samuel Greene, of Woonsocket, R. [., for impreve- ment in cleaning cards of carding ae neg Kendall, of Cleveland, Ohio, for ahingle machine. Jerome B. King, of York, N. Y.. for improvement in kettles for calcining A venanad of Paris. Geo. W. Lee, of Ercildown, Pa., for improvement in seed planters. Daniel B. Martin, of Washington, N. J., for im- provements in packing slide-valvesiu steam engines. Richard L. Nelson, of Ocala, Fiorida, for im Proved mode of at:aching life-preservers to vests. Mighill Nutting, of Portland, Me., for improve- ment in the arrangement of pencils for drawing Lo Chas. Parbam, of Philadelphia, Pa., for improve- ment in sewing machines. William Perry, of Graniteville, 8. C., for improve- ment in spinning frames. Jn2. A. Roebling, of creavea, 3. J., tor improve- meptiot Bay of Berita, Con for i it , Conn., for improvemen in machines fer threaain screw blanks. Jobn Lee Stevens, agen ie ey for improvement in farpaces. Ant Oot. 1, 1852. muel H. T. Tilghman, of Snow Hill, Md., for improvement in inkalin, ab Traseell, of Winchester, Va., for im- Isaac Van Benschsten, of New York, N. Y., for reeset te of Cuba, N. Y., for ii ment in Pk pe sa ve ceavaaeen oa William Watt, of Glasgow, North Britain, for im- Eland May on 1802. ne TEES °G. . ) late of Philadelphia, Pa., executrix, Mary Ann Loomis, assignor to William . Gardiner, of lladelphia, aforesaid, for im- provement in surgical forceps. Thomas C. Bali, of Shelburne, Mass,, assignor to Nathaniel Lamson of same place, for improvement in asythe fastening. et Snow, of Dubuque, Iowa, assignor to James A. Woodbary, of cheater, Mass., for presser bar for mschines. Waobeaae Satton, N. H., assiguor to bi , Joe. P. Nelson and Alonzo C. Carroll, of pause Einee, for improvement in apparatas for dry- in, cpr eae Saenger rake machines. July 15, 1851. Reissued November 21, 1854. N—Mathias Lahensmaier, of Philadelp5ia, Pa., for design for wire fence. Murpexs Most Four 1s Pennsyivanta.—We learn that « man named Cornelius He township, on Saturday morning last, oman, a child of his, and nearly killed his wife, who it is supposed will not survive her wounds. Herren was arrested and committed to the county prison, on Satur- day last, to await his trial. It is stated that Herren was in the habit of getting intoxicated occasionally, when he became a furious monster, and that he was on Fre Pree’, Of this kind when he committed the murder. He first attacked his wife. Acolored woman of the ey is Passing by, came to her assistance, when he fell upon and killed her, then retarning to the work of murdering his wife and children. His wife was livi at the last accounts, but it was expected that she wou not survive her wounds, Herren was arrested and taken before Samuel Wicks, Eaq., of Falten, by whom he was Peach Hotlomand ip suppomed ‘ts bate pote Tal gett q au it mania ® ports when he committed the murders. The name of colored woman Chloe Stout. His child died on Saturday eveni says that he also wel Beneton malesieg had well. was and not been fc 5 neighborn are in search for bis body. Since | geod ment to prison Herren haa been a raving maniac, head against the iron frame of the cell door viol and so cutting it as to require to have it dressed by a him into a cellar or physician. He had to be ironed and #0 confined or ini to a board as to render it impossible for him to do any further injury to himself or ers. Three men attend him day and night.—Lancaster Daily, Nov. 20, Cnvurcn Burwr—-The Methodist Episcopal charch at Hyattstown, bee go’ county, Md., was burned to the ground on the 18th inst., it having caught fire from the stove pipe during the services in the evening, but ‘was not discovered until about two o’elock in the morn- ng, when it was enveloped in flames, and was totally eutroyed. It wan pot ineured, | nis comic by his | tly, ‘Theatres and Acapamy or Mumc.—A im two act ville,” with |. Grisi and Mario, Badiali, Susini in the princinal rolgs, pl to-day, The performanee wil] commence at one 0’ ‘ Broapway TuxaTRE—The benefit of the American Reamttle Rand tains pene this evening, when most of elty will appear the leading artists of The dramatic selections consist of ‘‘Faustus’ and t) Maid of Mun- ster.”? No doubt the house will be full. res Po gata benefit of er. J. Arnold, comes , when a programme o! attrac: tiom will be presented for the amusement of his f1 5 formances consist of equestrian feats, and the act of the’tragedy of t. Nimxo’s Garven.—Madlle. Nau, who may be fairly termed a sweet and finished st, api to-night in pots cal pdinneAs righ the aria al howdy reewen o act it pleasing opera is worth in itself the price of admission. Borron’s TuzaTre.—The new American play of “The Upper Ten and the Lower Twenty,” which has been very successful in its representation, is announced again for this ape pl The amusements close with the farce of “The Tale of a Tub.’’ Namiona Tuxatex.—The entertainments of this even- ing are such as cannot fail to draw a crowded house, independent of the claims of the beneficiary Mr. Ander- son. They consist of “Brian Boroihme,’’ “Ei Hyder,” “Robert Macaire,’’ and “The Devil's Daughter.” WALLACK’S TukaTRE.—The new and successful comedy of “Weeds among the Flowers,” with a fine cast, is again announced for this evening. The favorite farce of bs? and Murder’ will follow, and all will close with “Out on the Loose.’’ Mergoroutan TuHeaTRe.—This theatre is improving much in the attendance of the dramatic public. Miss Julia Dean appears in the play of ‘Tortesa, the Usurer,”” it being the last night of her engagement. ‘The Wan- dering Boys’ concludes the entertainments. AMEKICAN MuskvM.—The same attractive performance which was given here yesterday afternoon and evening, is to be repeated to-day, the entire strength of the dra- matic company being included in it. Cixcus, CasTLe GaRpEN.—The benefit of Sazh Lathrop, the clown, is to take place this evening. The bill of en tertainment offered is very attractive. Woon’s Mixsraeis—Olfer a first rate programme fo this evening. BUcKLEY’s SERENADERS.—This company will repeat “Norma’’ to-night. ‘Woon’s Vaniertes, 472 Broadway.—A good performance is announced for this evening. Cmxxysx Bumpines.—Another grand Sunday Concert wile given at this popular resort on Sunday evening next. The New Orleans Picayune of the 17th inst. contains the following announcement of the arrival of Mr. Pla- cide, manager of the Varieties theatre, which was des- troyed by fire on the 20th:—‘Thomas Placide, Esq., of the Varieties, arrived in this city last evening, after a tedious journey from New York, via &f. Touis.. ‘We eon- gtatulate our friend on the greatly improved state of his own health, and upon his find'ng the city in so sound a sanitary condition on his arriva. His return to us was retarded somewhat, we have reason to believe, by the arrangements he was engaged in making while absent, for the beautifyidg of his theatre, which, by the by, never looked better than it will do this season, in its new array of crimson paint and plush, (which last, however, did not come by the Cahawba.) ‘That coftin will make an excellent ‘ property ’ for Lady Anne’s scene in ‘ Rich- ard,’ should that tragedy form one of the attractions of the season at the Varieties.’” The Arctic Calamity. | TO THE EDITOR OF THE NEW YORK HERALD. In the nase of justice and humanity I would ask why has not an investigation been called for respecting the conduct of every man attached to the ill-fated steamship Arctic, lost on the 27th of September last. Many of the relatives and friends of those lost call for it; many of the survivors of that dreadful calamity call for it—for they find that no exceptions have been made, but one gencral sweeping condemnation has gone forth from the pulpit and the press. If an investigation were to be had respecting the mat- ter, this denunciation would be found wrong and unjust to many. Had those engaged in the effort to stop the leak succeeded even partially, and had they then discov- ered that there was no steam to work the pumps, which might have kept the ship afloat, then the terrible charge of the ship’s pit Baldr rest upon the engineer’s de- partment. But such an event was cooMy and determin- edly, guarded against from the first. T had several firemen and coal-passers under my con- trol during the whole time of our struggle against the water, which was filling the ship. We continued to pasa the coal down by hand, from the boiler deck, to supply the — furnaces, unti) the last moment. Several of these firemen and coal-passers stood by me, while others could not be forced below—they believing the ship would settle away every moment. Now these men are perse- cuted—I repeat it—most unjustly persecuted—being re- fused employment, with a design to cast a stigma on their characters. If there be censure let it bé'cast upon those who de-. serve it. I made a statemeut, published October 15, relating to the engineers’ department. Mr. Editor, you will perform an act of justice, as well as confer afayor on myself and others, by publishing the above remarks, with the subjoined letter, written by Capt. James C. Luce. JOHN DEGNON, Formerly Ist Asst. Engineer steamship Arctic. Mr. Jobn Degnon was Ist Assistant Engineer on beard the steamship Arctic, under my command, and I most cheerfully exonerate him from all blame at the time of her melancholy loss, believing he did allin his power in the faithful performance of his duty. New York, Nov. 21, 1854. JAMES C, LUCE. The Broadway Post Office. James G. Bexnerr, Esq.— Scme remarks on the subject of “City Postal Reforms,” in the New Yorx Hekatp of the 22d instant, may do un- intentional injury to the public, and to the Broadway Post Office in particular. Every one who reads that ar- ticle may not be aware that this office is not abolished, but still continues to serve the public as faithfully and as satisfactorily as ever, Letters, faced up, the paid and the unpaid, in separate packages, from the Broad- way Post Office, are delivered at the City Post Office just in time for each mail daily, If they are occasionally de- tained, or have ever, in a single instance, been detained behind the mail fer which they were intended, {t is un- known to the proprietor. Many large mercantile and manufacturing establishments are daily sending impor- tant business letters in all directions through the Broad- way Post Office; and if such delays did occur, it would certainly be known to them, and complaint would be made; but there is now recollected but one single in- stance of complaint of delay from such customers in the past year, All that has been abolished is the practice of accommodating the sub-post offices and their customers, by delivering together all letters addressed respectively to these several offices, But even inthis respect the public, on certain conditions, can yet be nerved. Yours very respectfuily, B. LOCKWOOD. Kansos Territory. Governor Reeder has authorized the Kansas Herald to tate, that he will order the election for delegate to Congress from that Territory, to take place on the 20th of November inst. A, banking establishment, says the Leavenworth He rald, we learn, is about to ated at this place, by Lucven Ayer, President, E. W. Raymond, Cashier, ‘The bills haye already been printed, and are of all sizes, from ote dollar up. - We know nothing of the solvency of the ‘entlemén, or upon what basis the notes will be ixsued. We wilt speak more of this hereafter. One thing we can say, Leavenworth 1s a good point fora sound and good banking establishment. The title of the bills of the pro- posed banking institution, is the ‘Merchants’ and Farin- Erm Bank of Fort Leavenworth.” Naval Intelligence. ‘The frames of the splendid new steamships Roanoke and Colorado, ordered to be built af the Gosport Navy Yard, are now up, and in consequence ef the facilities for rete at this yard at all searons, will no doubt be june! dered ‘to be built. The frigates Potomac and Raritan, end the new razee Constellation, have been an are preparing for sea, The sloop-of-war Falmouth, Cont] is nothing ‘‘remarkable” nor ‘positively wrong” in the mander Shaw, has been put in commission and is now ready for sea>—Norfolk Beacon. FINANCIAL AND COMMERCIAL. MONEY MARKET. Tavrspay, Nov, 23—6P M. The stock market to-day was more depressed than we have noticed at any previous period during the present revulsion. Day after day the decline goes on, and ap pears to gain strength as it progresses. New sellers ar: coming into the market every per cent depreciation, | and the lower prices get the greater the anxiety to realise. Igin absolutely impossible to form any idea of the future course of affairs. The only way is to keep as quiet as possible and wait patiently for the end. At the first board to-day North Carolina 6's fell off 1 per cent; Missouri 6’s, 3; Miinoix Central Bonds, 3(; Delaware and Hudson, 3¢; Canton Co., 34; Nicaragua Transit, ‘4; Cum- berland Coal, 9; N. Y. Central Railroad, 2); Hudson River Railroad, 1; Erie Railroad, 1; Harlem Railroad, 14; Reading Railroad, 4¢; Panama Railroad, 2. Railroad bonds were freely offered and sold to the extent of about thirty thousand dollars, Virgima, North Carolina and Missouri State stock sold to the extent of abont twenty- five thourand dollars, the Jasttwo ata decline. New York Central Railroad stock appeara to be coming out in Jarge lots, and it must soon become one of the most active fancies on the list. Nothing keeps up ita market value but the peculiar way in which it is held. The quantity on the market is daily increasing, and its capital is so enormous that when the strings that bind it together give way, its cur- rent value will run down very fast. It isa matter of surprise, that it is so well sustained in the face of such a depreciation in other railroad stocks, better in every respect. The Camberland Coal Company will not pays dividend in February as contemplated. Notwithstanding the large business of the concern and its sound financial condition, the market value of this stock continues to decline. This ix attributed to the approaching ma- turity of its mortgage indebtedness of $537,000. In making provisions for the payment of that debt, the company baye wisely determined not to pay any dividend the coming year, to appropriate the funds dur of Rossi- Seal cintane hen TOL. | Feeerved for that parpone, together with future earnings | per cent. to whatever extent may be necessary, to the extinguish- ment of all its liabilities. There will be no secomulation for a dividend fund, until the company is freé from debt. The pressure of debt, in times like these, is so great, that where it can be removed by moderate saeri- fices, they are willingby submitted to. This appears to be the policy all incorporated companies not too deeply involved are acting upon, but unfortunately very few can do #0, on account of the enormous burthen of their indebtednees. Harlem was very well sustained to-day in face of an accident that will cost at least one hundred thousand dollars to pay for broken limbs and other damages. + The Erie Railroad Company earned $641,420 07 in the month of October this year, against $539,675 18 for the same month last year, showing an increase of $1,753 89. This is not so favorable gs anticipated. It was esti- mated that the receipts for October, 1854, would be full six hundred thousand dollars. From every direction we get reports of the non-pay- ment of dividends by incorporated companies, particu- larly railroads. Many of the oldest railroad companies of New England, which have from the start paid regular semi-annual dividends, will suspend at the close of the present fiscal year. The two most recent announce- ments are the Boston and Providence, and the Boston | and Fitchburg. These old and respectable companies | have not, we believe, been guilty of any very extra- | yagant financiering, but it is very evident they are in | difficulty, and require the funds which should go to the | stockholders to remove immediate embarrassments. It is the rapid developement of such startling facts that paralyzes the community, producing panics and a com- plete destruction of confidence. When such results are almost of daily occurrence, it is impossible to quiet the publie mind, and all attempts to allay the excitement must prove abortive, It was officially announced this morning that there had been a very extensive defaleation in the American Exchange Pank. We annex an official statement of the affair: — The officers of the American Exchange Bank stat» that after a careful examination of the accounts of Mr Candee, their firet teller, since the evening of the 21st inst., they find a deficiency in his cash of $138,500, in consequence of his having certified checks for irresponsi- ble parties. To prevent the bank from loss, Mr. Candee has placed securities in their hands, consisting of bo: and mortgages, and other property, to the amou $161,977 at their cost value. The bank farther bonds for $20,000 from hiy sureties, and, in the judg- ment of the officers, the ultimate loss, if any, will be trifling. Now, we do not believe anything of the kind. We do not believe that the bank has one cent of security he- | yond the bonds of the teller, and that is but a small | per cent of the aggregate defalcation. It ia just about | twelve months since we gave an account of half-a-dozen | defaleations in as many different banks in Wall strect, | and though denied at the time by the banks implicated, | no one at all acquainted with the character of these in. | stitutions for a moment doubted the truth of our state- | ments. One of the banks referred to at that time pateh- | ed up the defaleations by putting in the drawer of the | paying teller a check for eighty thousand dollars, which | enabled the conscientious cashier to officially deny the For paying other Treai | For the ch ‘neh charge we made against it. Certain bank oflicers in the | street know very well to whom we refer. Several other de- faleations were at that time patched up ina way some- what similar, and the stockholders were no doubt perfectly satisfied that all was correct. It is astonishing what confidence quiet old fogy capitalists have in these rotten banking institutions. These cautious, careful | stéckholders have a holy horrer ef faney stocks, and would under no circumsteaces invest a dollar in such securities; but they will hold stock in banks deeply in- volved with speculators whose losses ultimately come out of the pockets of stockholders in such banks. All the security the American Exchange Bunk probably has is certified checks of a few exploded fancy stock specula- tors in Wall street. We have often been asked how speculators managed to meet such an enormous depreci- ation in the fancies. The answer will be found in the above statement of facts. The public must be prepared for many more developements of this kind, for settling time hag arrived, and all accounts must be balaneed, After the adjournment of the board the following saleg of bonds and. stocks were made at auction, by A. HS Nicolay -— $10,000 Racine City 7's, 1873...........imt. added 823¢ 8,C00 Great Western lils, RR Ist mort. 108 do. 15 85 ehares Third Avenue Railrow G0 do. Naugatuck Railroad. 00 do. Fmpire City Bank. 18 75 do. Bank of the Commonw . 5 20 do. Oriental Bank. - 20 do. do... 901 25 do. North River Ba: 103 40 do. Bank of the Sta 95 20 do. Manbattan Fank,,. 116 a 116% 10 do. Bank of North America. 95 25 do. 30 25 do. 1K 45 do. 10 dp. : do. Mexican Ocean Mail and d Co. 3 Simeon Draper's regular semi-weekly sale of bonds and stocks will take place at the Merchants’ Exchange, to- morrow, Friday, at half-past 12 o'clock. At the second board the market was a shade better, | but very little business was transacted. Nicaragua | went up 4 per cent; Cumberland, 14; Mlinois Central, 34. Erie and Reading closed at prices current in the morning. The failure of a prominent bull speculator Was announced to-day. The receipts at the office of the Assistant Treasurer of this port to-day, amounted to $198,530; payments, $74,528 93—Balance, $6,616,265 45. ‘The steamship Canada, at Halifax from Liverpool, brings three days later intelligence from Europe. Our telegraphic despatches do not give very favorable ad- vices. Consols were quoted at 935% per cent—a decline of 3 yer cent from previous quotations. There had been large sales of cotton on a declining market, and closed heavy. Some of the circulars report a decline in middling qualities. Breadstutts had improved. This is about the gist of the financial and commercial news. ‘The warrants entered at the Treasury Department, Washington, on the 21st instant, were as follows:— For the redemption of stock... stoms...... | For covering into the Treasury 301,260 37 For the War Department.,... 09,647 06 For repaying in the War Department 2)688 27 For the Navy De 27,562 06 For the Interior 81,266 10 The receipts of the Chicago and Mississippi Railroad Company for the first week in November amounted to $21,139 14, | | | { | | gard it remarkable, if not positively wrong.” in advance of the others which have been or- | The Auditor of the State of Indiana, in a letter to the Louisville Journal, replies to some of the charges made against him, as follows:— Gxxriacex—In commenting on my note to you of the 6th instant, you are pleased to say :— ‘As to the course of the Auditor, in reference to the sale of the bonds deposited with him as security, we re- Now, my dear sirs, if you will read the eighth section of the law authorizing general banking in tate, you will find I am fully sustained in the position I have taken in regard to the law, and you will further find that thero matter. Ihave not, nor do I propose to go either to London or Paris, but Ido propose to take time to send notices there, that moneyed men may have an opportu- nity of bidding or authorizing their agents to purchase, thus creating competition, and making the assets of vank realize more than otherwise might be procured for them. And, if you consider Mr. Greeley, of the New York Tritune, as good authority, (which, by the way, I you will find he states that, on receipt of my cir- cular, State stocks adyanced under it from 1 to 4 per cent. Now, if he tells the truth, I have not certainly injured either the owners of the bank nor the holders of the notes of it, _ Feeling i ‘were not disposed to do me, intentionally, injustice, J have departed from my general rule to ad- dress you this note to correct your misapprehension of the As to the following fling, Ileave time and pub- | lie Th ion to decide between us,— | The present course of the banks and the Anilitor jus- tifies the opinion that the role of the banks is to ciate their notes to the lowest practicable point of de- pression. If Mr. Auditor Dunn’s notions are to be car- | ried out, the holders of mall sums of these bank notes haga but little chance of getting their money, and they | forced to sell them for anything they can get.” Respectfully, JOHN P. DUNN, Auditor. The truth is, Mr. Dunn is.too deeply interested in the shinplaster banks of Indiana to act independently in the duties of his official position. He will be more like- ly to do what would be for the interest of the bankers, without much regard to the bill holders, being a banker himeelf. There is not much help to be expected from the present administration of banking affairs in Indiana, and we must make the best of such measures as the speculating financiers of that State. may from time to time adopt for their own pecuniary advancement. They appear to be governed by no laws. The Hudson and Berkshire Railroad has been sold by order of the State Comptroller, in consequence of the failure of the company to pay interest or principal of the State loan of $150,000, for the repayment of which the road was mortgaged. The State lien was subse- quently made, subject to a lien of $200,000, borrowed from private hands, to relay the,track. F. H. Chapin, president of the Boston road, was the purchaser, at $156,000, which will be distributed pro rata among the bondholderr—the State losing ita entire loan. ‘The East Borton Pugar Refining Company have declared A Fem)-annual dividend of five per cent, the James Steam | and only declined 3g, with sales of 213 shares; 2634 wan | at 8, and not take: | Board of Public Wills, of Newburyport, 9 semi-annual diy: nd of three | ‘Tne Boston Telegraph of the 22d says:— A decided panic seemed to pervade the entire market this morning, and bids several per cent below yester- | day’s prices were sogtiz. pccer (a. Boston and Maine declined 3{, and was ‘red at 101, seller's option, at the close. Providence sold at 59 ~ a and 58 seller . The stock is badly pressed for sale, Worcester de- clined 134, Western 2, and Old Colony %, 79 being asked at the for large lots. Fitchburg sold at 80—s fall | of $160 from yesterday. We hear nothing farther | about passin; January dividend; but it is fear of this, undoubtedly, which causes the stock to be pressed for sale. Eastern advanced to 47, and was the only stock which improved. Vermont and Canada suddenly dropped to 50 at the board to-day, in consequence of the aimost certainty that the dividend due December 1 will be postponed for the present. It is rumored on the street to-day that an injunction has been put upon the Vermont Central Company, (who hold a lease of the Ver- mont and Canada,) to prevent their paying the interest due December 1, in consequence of some a management of the affairs of the: mi held firm at 334—yeste i Central sold at 8254 after the board adj chester and Lawrence was offered at 63, and not taken. Eart Boston and Waverley sold a fraction lowem, and bank stocks came in for their share of the decline, as the sales will show. Nothing was done in bonds, and little inquiry made. Rutland first were wanted at 50, but all others are very dull. Copper stocks were active at a decline,. Toltec declined to 4, and all the lots offered were not taken. Copper Falls stood the fire well, the aski price at the close, seller thi , though at the time fi ut we hear of Isle Royale sh bare at 10, were offered it that price ice the board. Another effort is to be made to dispose of the main line of the public works of Pennsylvania, The Governor announces that “sealed proposals for the purchase of the said main line, or any division thereof, will be re- ceived at the office of the Secretary of the Common- wealth, until Monday, the first day of January nex,» The proposals must, state distinctly whether the bid ia for the whole line or part, and for what part. The annexed statement from the Secretary of the Board of Public Works of Virginia, in reference to the reports emanating from Washington regarding the posi- tion of the financial agents of that State, we give in justice to the parties concerned and interested. Its im- portance is a sufficient excuse for its length, and it wil be read by every one holding Virginia bonds, or contem- plating purchasing at the current reduced rates:— TO TRE EDITOR OF THE NEW YORK HERALD, Orrick Born oF Puntic Works oF Vircixia, Ricumonp, Noy. 22, 1854. Under the ‘ Financial and Commercial’? head of your ixsue of the 21st instant, there is copied an article from the Washington Star of the 18th instant, relative to the recent run upon the Exchange Bank of Selden, Withers & Co., in which the following statements are made :— “Nothing could be more disastrous to theState of Vir- [ ‘inia at this time than a suspension on their (Selden, | ithers & Co., part ‘They are the financia) agents of that Stato, and their suspension would necessarily in- volve a suspension of the work on all the internal im- rovements in progress in Virginia, the State herself be- ing interested heavily in them, advancing to them lai sums of money obtained through Selden, Withers & Co., who are charged with the duty of selling the State stocks, to realize the funds so advanced or paid.” As the publication of statements like the above, in & aper so exte! ively circulated and read as the New ‘ORK Heratp, is well calculated to cause a further de- reciation in the price of the stocks of the State of Virginia, if not seriously to affect her credit in the great commercial metropolis of the Union and elsewhere, tue ‘orks do not doubt that you will readi- ly admit into your columns a correction. While they sincerely lament the causes that induced the run upon the Bank of Selden, Withers & Co., and the consequences that will probably ensue—one of which may be a het airy: inconyenience to the financial ar- rangements of the Board of Public Works—they cannot admit, because they do not believe, that those conse- quences will be ‘disastrous to the State.’’ Messrs. Selden, Withers & Co. ave, for several years last past, been acting as agents for the sale‘of the coupon bonds of Virginia, and, from th , have furnished the Board of Public Works wi ands necessary to ena- ble them to meet the appropriations made by the Legis: | lature to the various works of internal improvement; | but it it is no disparagement to those gentlemen to way | that, inthe event of their suspension, the Board can | and will promptly make other arrangements by which | funds will be obtained for the vigorous prosecution of | those works. You may be assured, Mr. Editor, that the suspension of Selden, Withers &Co., nor of any other fiscal agent whom the State may employ, will ever result in a sus- pension by the State of Virginia. Tho spirit and the tter of her organic law forbid it; the loyalty of her people would never permit it. In ‘the eye of that law, and in the solemn estimation of that people, the crea- tion of a debt is inseparably associated with’ the crea- tion of afund for the prompt annual payment of the interest and the fine! redemption of the principal of that debt. In verification of this assertion, permit me to copy for the information of yourself and readers a few sec- tions of the fourth article vf the Constitution of Vir- ginia, They are in the following words:— “29. There shall be set apart aunually, from cerning revenues, a sum equal to seven’ per State debtexisting on the first day of Jan: year one thousand eight hundred and fift fund thus ect apart shall de called the sinking fund, and shall be applied to the payment of the interest of the State debt, and the principal of such part as inay ve re- comable.’ If no part be redeemable, @ien tho residue of the sinking fund, after the payment of such interest, shall be invested in the bonds or certificates of debt of the ac.- this commonwealth, or of some of the States of this Union, and applied fo the payment of the state debt as it shall beccme redeemable. Whenever, after the said fist day of January, a debt shall be contracted by the commonwealth, there shall be set apart in lixe manner, empually, for thirty-four years, a sum exceeding by one per cent the aggrecate amount of the annual interest agreed to be paid thercon at the time of its contraction; which sum shall be part of the sinking fund, and shall Le applied in the manner before directed. The General Assembly shall not otherwise appropriate any part of the | sinking fund or its accruing interest, except in time of war, insurrection or invasion. 0. The General Assembly may, at any time, direct a sale of the stocks held by the Commonwealth in inter- nal improvement and «ther companies: but the proceeds of such sale, if made before the payment of the public debt, shall constitute a part of the sinking fund, and be applied in like manner. “31, The Genera) Assembly shall not contract loans or cause to be issued certificates of debt or bonds of the State, irredeemable for a period greater than thirty-four years. ‘These are the provisions of the constitution of Virgi- pia in regard to the contraction of debt and the prompt payment of interest and principal; six per cent of the sum “set apart annually”? paying the interest, and one per cent compounded for thirty-four years, being sufi. cient to pay the principal. To carry those provisions into effective practice, the Legislature of the State, at its session of 1€62-’3, enacted laws imposing taxes upon the pecple and property of the State, which have since clothe are doing better, as the supply is limited and ers do not seem very eager to sell it except at full pris which are being readily procured for all of a standard cha acter that are needed by consumers. Prints are dullag heavy; there being but very small lots of novel stylé taken by purchasers. In stripes and ti there is not much movement yet no alteration is perceptible im prices of such articles. Woollen productions exbibit. greater duliness and languor. There is hardly any in- quiry for those articles which constitute the bulk of the stock and which are mainly of an inferior character. To sel them it is altogether imporsible, except at greatly reduced Prices, or on very long credits. To neither means are hold~ ers inclined to stoop, as they think they have already © been liberal enough in their concessions, as Wheral indeed ‘a6 is compatibio with the natural design of self-preserva- tion. This may bé » very reasonable conclusion for sellers to arrive at, but we fear that if they want to ever clear their stores of poor gooils, their determination will have to undergo a complete change. Some select makes of season- able fabrics are in request, but not very firm in price. Blankets have not varied much. Cassimeres, cloths, an@ dogskins of a really desirable character, are moderately inquired for at old figures. Flannels are quiet, but steady. Jeans, linseys and mouslin de laines attract rather less attention, yet are unaltered in value. Sati- nets and tweeds are in limited demand, thoagh quoted firm. Stock Exchange. ‘TuurspaY, Nov. 23, 1854. $2000 Virginia 6’s.53 893( 200 sha N ¥ Ca R.b6O- 78 6000 do... D3 90 60 a 830 6000 do......c 90 5000 N Carolina 0’. 91 4000 Missouri 6” id 1000 Hud Con bas. 6134 1000 N Indiana bids, 92 8000 Il Cen Rbds.c 6434 5000 do....ni5 63% 6000 do.....815 G4 5000 do... b6O 64)¢ 2000 N ¥Y CRbds.b3 83 000 : 100 do... 20 Metropolitan Bk 200 Canton Co... .88 60 di 300 a 125 a 33 100 a 323g 60 Nic Tran 26% 200 do, 26 Bg 66 66 6 ai 66 e 66 20 do 67 50 a b10 0636 200 Gold Hill Mine.63 13 200 663g 650 0.005.003 100 0656 200 a 66 20 Panama RR. » 8 4 ND BOARD, $500N Y Cen R bds. 83 100 Cumb Coal Co..¢ 1000 Erie bds of 83. 1000 111Cn R bds..615 12000 do... 1000 Gold Hill Me. 500 do, 25 shsClev C & Ci 26 80N Y Cen RR... ie 00 a be 30 Cum Coal Co.... 263% bo do, : 2635 CITY TRADE REPORT. ‘Duckspay, Nov. 23—6 P. M. Asms.—Sales were reported to-day of 60 bbls., at $6 8144 a $6 873, for pots, and $6314 a $6.37 for pearls, per 100 Ibs, BREADSTUFFS.—Flour was in better request, at 12. 25e, per bbl. higher prices, the sales including 7,600 bblv, ordinary to choice State at $8 3144 a $8 8126, mixed to fancy Western at $8 75 a $9 25, and other kinds in pro- ortion; with 600 bbls. superfine Canadian, im at bs 76, 2,400 bbls, mixed to-fancy Southern at $8 76 s $10 25, 75 bbls. rye flour at $7 a $734, and 50 bbls. Jer- sey corn meal at $450. After the publication of the Canada’s news still higher rates were. claimed, and the ma’ closed rather unsettled. Wheat was brisker. ‘The day’s sales amounted to 2,900 bushels handsome Michigan white at $2 28, 600 do. Pennsylvania do. (for eced) at $230, and f,400 very inferior to prime Southerm do. at $1.60 0 $215, ' Sales were likewise made of 2,200 bushels rye,'at about $1 26; 3,600 bushels fair four- rowed barley, at 81 3234; und 84,000 bushels corn, chiefly Western mixed, at 90c. a Qle., subsequently held higher. Carriz.—There were offered to-day, at ‘9 Washington Drove Yard, 1,731 beef cattle; offered d the week, 2,519. We subjoin the returns of the in detail, together with the section of country whenod the supplies came:—Beef Cattle—Hudson River Rail 200; Hudson river boats, 150; Erie Railroad, 6605 Rare Railroad, 807; Minois, én cars, 200; Ohio,’ on cars, 78f Kentucky, on cars, 216; New York State, on foot, 99s do. on cars, 354; from Connecticut, on foot, 43; Penns sylvania, on foot, 424: from Virginia, on foot, 155; New Jersey, on foot, 12. Bwine—Frie Railroad, 1,429. Cows and Calver—Harlem Ratroud, 34, Veal Calves—Harler. Railroad, 2:1. Skeepand Lambs—Harlem Railroad, 1,753, Trices—Beet cattle, first quality, per 1001bs., $9 a'810; recond quality $8 50 a $9; common $7 60 « $8; inferior $7.0 $8; cows and calves $20 a $45; extra $50 a $45; veal calves, live weight, $4. $4; extra $7; sheep $1 23° a $i; extra $40 $8; lambs $1604 $2 50; extra $375 & $6; swine, corn fed, 43sec. a 43¢c. We notice a material ng olf in the supplies of beef cattle, but somethi n improvement in quality. avout the quotations oflast week. Other stook without change, with the exception of swine. which, being im large supply, are a fraction lower. At Bro deeves $6 2 $9; 25 cows and calver $28, $49. $60; extra $60; 68 veul calves, live weight, 84 a $4; 4,775 sheep and lambs—sheep $2,'83 50 a $7; lambs'$1 25a $5. The market here was’ quite active.’ Beeves stendy at last week's figures. ‘the poorer qualities of. yeal were slighly lower. Lambs are also_a little higher, At Chamberlain’s—493 beef cattle, $7 a $9; 140 cows and calves, $20 a $60; 116 veal calves, 5e. a 63¢¢.; 7,698 sheep and lambs—sheep, $2 4 $6; lambs, $375 9 $4. The market here as well supported with all kinds of cattle. Eeeves were dull of sale, The better qualities of cows and calves were quick, Sheep and latabs slight- ly lower. At O’Brien’s—150 beeves, $6.0 89; 50 cows and calves, $28 a $40.0 $60, Beeves scarce anda dollar the hundred dearer. Cows and calves are also better than last week. . been in successful operation, and will continue in force until every dollar of State debt, present and prospective, shall have been redeemed. Already the Commissioners of the Sinking Fund have redeemed portions of that debt as the same became redeemable, and wil) continue, an- nually, to redeem otiver portions as they mature for re- demption, By the way, the first day of February next is the period fixed upon for the redemption of another instalment of this debt. The interest upon the State debt has, at the same time, been paid promptly on the first days of January and Ju: ly of cach year; and upon the first day of January next, as usual, the semi-annual interest upon the entire debt of the State will be paid—the necessary amount having deen raised by taxation in obedience to the foregoing provisions of the constitution. ‘These gen eg must occur,and cannot be pre- vented by the failure or suspension of any agent or agents, that may be employed by the State. They are the result of laws in operation in the midst of a people who regard them as just, not burdensome nor op- pressive in their execution, and who would cheerfully submit to quadruple their present taxation rather than consent, directly or indirectly, to the idea of repudia- tion. have incorporated into their constitution and indelibly impressed upon their statutes the practi- cal, economical and safe idea that ‘‘honesty is the best polley;” and have, therefore, determined that no debt shall be created without, at the same time, making cer- tain provisions for its positive, unconditional redemp- tion at a specified time. In the face of these facts—and they are incontroverti- ble, and will be fi no long as there are honor and good faith an Virginian: how can the suspen- ncial agent of the State so seriously to prove disastrous to her interes involve a suspension of the work on all the rovements in progress’? within ber limite? The idea is absurd, and but for the presumption that the writer could net have been so wickedly disposed, it might be ee. fo cl itelh bliin am, sit, very res; ‘our obedient servant, see ey eee eae DRINKARD, Secretary Poard of Public Works of Virginia. We find few novel features in the dry goods business this week. This season is not usually a brisk one; but there in even less activity at present in the market than | customary, We do not wonder at this, when we remem- ber the generally depressed and languid state of the trade during the past few months, This has prevented our merchants from extending their engagements, and in- duced great caution among al] parties. Hence the inac- tion now so evident that there is but very little more for us to do than to recognize it in general terms. The stocks of goods on hand’are moderate, but there is no real scar- city, except, perhaps, of xpme very desirable styles, which, being adapted to the prevailing taste of the pub- lic, have found very free buyers and have thus been kept quite rare. Prices, however, have scarcely varied, though there is doubtless less firmness in most descrip- tions, as owners, finding that the demand is decaying, are becoming more anxious to sell out. Brown sheet- ings and’ shirtings appear in tolerably fair request at previous figures. Bleached sheetings and shirtings are selling rather slowly, though remaining steady. Cotton flannels are moderately dealt in, but are unchanged in value. There exists a reduced inquiry for denims and drills, but these are not very freely tendered, and they command pretty full prices. Duck is in good demand, considering the comparatively depressed state of the shipping business, at former quotations. Ginghama ap- pear quiet, at old rates. The stock is not very heavy, We have no change of importance to notice in lawns or nankine—these being partially neglected, the season not being favorable for their use, Ovnabuarge display no es- tential var'aticn, being pretty caleabdle and firm. Printing Veal a Calves. Lambs. 231 1,759 63 4,775 116 7,698 410 14,232 Corrxe.—The sales embraced 250 bags of St. Domingo, at Gc.; 800 do., at 9c. a 10Ke.; 250 Maracaibo, al 10c. @ 1034c., and 400St, Domingo damaged, at auc- tion, at 83¢c. Corto. Sie sales only reached about 500 bales, irregular prices. The market closed yy Furicuts.—Before the receipt of the Canada s ner about 16,000 to 20,000 bushels of corn in bulk were tak at 43¢d. in bulk: afterwards Sd:in bulk and 64. in was demanded. Since our 800 bales of co! ton were engaged at os. 6d. per , and 400 to tierces beef at 2s. 6d., anda lot of clocks at 10. meq To London rates were firm, but a0 cngage ments of moment reported. To Havre rates were ul changed. To California rates were steady, at 35c. a 40@ per foot measurement. Frurt.—About 640 boxes of wet raisins were sold af $2 45 a $2 50. Hay.—Sales of 2,000 bales were made at about 70c. sabia bales new changed hands, at 32c. a 360 r Ib, - Peet Russxr.—Sales of 75,000 Ibs. Para were made auction at 88c. a 57¢.; average, 48c. cash; and Ibs. African, at 12c., six months. Inon.—The market for Scotch pig was quiet, at $35. Lom.—Rockland was in fair request at previout figures, Yoawoon.—A cargo of Jeremie, St. Domingo, was sold surement. t p.m. ? Horinsrs —Eales of 6,000 bbls. New Orleans old wers we. mae Srores.—The market was unchanged aad salet light. Ons.—Whale, sperm and olive were sat business. Linseed was relling in small is at s 82c. per gallon. Lard remained about the same. 1,300 bbls, at $12 6234 a $12 a $11 50 for made by auction, at 15c. a quired for, but the extreme views of Provssioxs.—Pork favored buyers. The sales There were 7! wit cs. ime mens Tents Jor do. of Beiter quality, S636 80. Balter and cheese aj unaltered. Ps a son jh street; 05 nt orsieth ae one i Sixteent ixth ay $ Fh. 1457 lot north side Fixteenth street, 08 feet ecet Of Fifth avenue, with the w 1 20x06, $9,700; 1 lot north side Sixteenth street, 25 Terk cart of lant, $2,250; 2 ints, est, side Ninth ‘avenue, Seek $1,105; s plot of pleeee ecotaiotensk Reena feet, with water right on East River, on north ween avenue B and East Fighty-ninth s' bet seat sees seventh 126 cnnke at 4c. a BM casks a . . The mark niet ‘and SUGAR. —' an wales 0 hide. New Orleans. were ‘at 534c., and 108s old stop Npaoen by auction at 4.000. & .44e; and 15 nhda, ‘exas, vat atp.o.t. Tariow.— Sales “ot 16,000. Ibe, Philadelphia, rendered "Gummy. ‘These bave been 500 bb's, Ohio and prison procured, to-day, at 42}c. a dic., closing at about 420 per gallor—a reduction. third ¥ Parocr rte a skina, He. ih and calves, $21 to $72. Yearli iL; two year 28; th ear old, ant Saat, 1071 al market? Bad se wet matvet will be lek on Tuesday, 28th,