The New York Herald Newspaper, May 14, 1860, Page 8

NEW YORK HERALD, MONDAY, MAY 14, 1860. TENTH DAY'S PROCEEDINGS. PRFTTIONS FROM THE NEW YORK BAST CONFERENCE ‘AGALNST THE CHANGE OF RULE ON SLAVERY— SERMON BY TUE SENIOR BISHOP ON THE DEaTH OF BISHOP W AvoH—AN EVENING WITH THE PIONEBAS or THE SPEGAL REPORT ETC. YOR THE NEW YORK MERALD. Burrs, May 11, 1860, "The Conference was presided over this morning by ‘Biabop Axss, and the religious exercises were conducted by the Rev. G. M. Camrawrax, of the Providence Oonfe- yy rence. ‘The galleries were crowded to-day by visiters, male and female, from all parte of the country, and it is expected that hundreds of strangers will be present next week to listen to the debate upon the siavery question. ‘Mee the journal of the previous meeting was ap- preved. Br. Froy offered the following resolution, connected ‘with the action of the Uonference, in reference to the es- tebilshment of a Court of Appeals:— to and Rot on the ‘abie, which ‘The regular order of the day was resumed, and numo- yous petitions ebange of role and memorials, chiefly pertaiuing upon slavery, were presented and referred. BuxJaMin GRIFFIN Brooklyn, against ministers using tobacco and detiling on Ro * supposed ferred, and re minded church opuinat Moovy, ped the whica provide by Dr. Ploy, it was thelr owa take advantage of their aeglect, be waived. y coange ime would involve quarterly aad acoual Con- yy, of Oneida, saw no necessity for this depar- law of the church. The commit- be controlled by ouwide statements which mignt feel disposed to make. Swrn, of Tennessee, moved to lay the whole sub- was carried. to the & petition by Mr. Hildreth, of he desired to have sent to the of in some way. Cincingati, hoped the petition would be re- ‘bis ministerial brethren were now in the (bio Lunatic Asylum in coa- their inveterate use of tobacco. was referred, that twenty- Noxgis of New York, East, presented a batch by official and other members of the proposed change of tue rule on slave- ‘The petitions were not numerously signed, and ip the progressive members of the Conference it that they did not deem it necessary body upon this question, preferring to elect of antislavery deegates to represent their to me- EXERQSES ON THE DEMISE OF KISHOP WAUGH. of aif past ten having arrived, on motion the » ~ wboniar business of the Conference was laid agide accord- %© previous apnouncement, to afford the seujor bishop gens an tee ity of preachiag @ discourse on the openea d: gave t i if i 8 E He i Y itr th g f H 5 E 3 F 4 of Bisbop Rev. out A The itrodactory exercises were owson, of West Wiscomsn, who je hymn commencing— Servant of God, well done: Thy glorious warfare’s past; The battie’s fougut—the race is run— And thoa art crowned at last! Drs. Dorm, Peck, &0., also took part in the dpening exerciees, after which Bishop Morsix gave out another hyma, commencing Shrinking from the cold band death, 1 soon shall gather up my fee. HI i c j : : HF : i ; 4 i z 4 bs that his text would be found Feet geste i M4 g 5 . i 8 g H Fy ? el i spirituality bor: firet to rted , and so were they, having tasted of the world to come. Paul believed in and did not teach that whea mea ‘n again they were fall grown. principles of the doctrine of perfection. And go did they, for they believed in repentance and faith \c the blood of the Lamb for pardon, 2° well as in deliverance from iabred corruption, 80 as Paul to dec emptied of sin aud filled with God was called of God to preach, and so were they professed in their ordination vow to be to preach the Gospel. ‘They asa denomination aid ‘Bot believe that the Goepe! ministry was a human profes. mon, to be chorea like of England, aed. jus to the original: and he (the speaker) law of medicloe, either by them. nd holy calling. Paul y, the great evan Aebary, of America, they had ling preacher, Dut a pastor, and that, too, epon the largest scale. Mehop Morria went’ oa (o argue thet the datic tendents of the Methodist choreh were Timothy and Titus. of the euperta umilar to those of Th was a Heroulien tack to anocally appoint six thovsaod tn\nisters to Geids of labor, and the dieutty increase: by tnterferenes with tho appointed Dusivess. They who desirod the office of a Methodist bishop desired a ge were ab) abe 0 caused much merriment eeedet wo the inte Biehop Wacun. templating the life of his friend aad colleague, Mt was a practical (liustration of the principles of the ec: upon which he deecanted P'patore the Couterence resoletion renee Conference adjourned—Dr, BARR pro. vod thing, and be was happy to #ay that there Fen Who, Botwithstanding the responstbilitice of hoe, were ready to accept it. This jocose remark Bishop Morrie hen pro ot the demise of bis colleagae, It would be foond, by ora: » ect The speaker read a brief bio graphical notice of Hiwhop Waugh, written by himeelf for the journal of the Conference of 1858-—the substance of which appeared in the address of the Bighop, published Maat week. Aa soon af the Rishop ha! concluted, Rev ierma Curt. ‘Waunt gave out the closing hymn:— Pam a tow awifly teeting years, And all that now in bodies live Shall quit, like me, this vale of tears, ‘Their righteous exnience to receive. ‘The venerable apestie of Methodism then led in an ap- adjourned, Dr, Craex offered a vnanimously adopted Sean The on Slavery moet this afternoon, and I ate tat whe mary ene be wed til! ‘ednesday, somet ovourred to Abeir ac) tion. The minority wwe Bol intimated, chiter within | g es 34 FE i i i i cli { é Tr Ly 3 H le 53 il iH i i & i i rs i ! i i : i i i i 33 i t i f i f ul FF H ul ineident to the festive board i i i fk [ i: i | i i H if: Ss f i fi gE gE it i | | ? : 5 ge i I I g & Z i 5 t i i ; sf 4 g having apprised of ania ania fomive gatoer proud, baving ws ue Og, and having assured us if we acoompanied nim it would De ‘no intrusion, we accepted the invitation, and to the place of meeting. Arriving st the hotel we ascended the stairs, and were at once nsbered into @ small apartment, where a select assemblage of venerable men had whose sical systoms bore evident, marke of hardahign sid. gree colareas, 06 whose beads were vel ’ Ok ung ‘tivanoed betore crowns of glory. The evening was tar adv g life, which, if made public, would far exceed in interest and starting adventure the productions of the most ro- pe ple tf lappa ne levi se! thousands. and the fas- Man Bioquent’”’ (who, back: preacner, Thursday), perused al- compiaint, but rather in a cheeriul, happy strain. He told how, om one occasion, he suffered intensely from the cold, so much £0 that his ears were frost bitten; how scantily he fared; how sweetly he reposed on the open prairie, his couch being curtained by the bright cano- Py of beaven; narrated in a graphie style how narrowly he escaped drowning as be forded rivers, and his success in killing the ragtieenakes hat iniesved the weods aud praries; and then, with touching eloqaenes, de- as he wander- forest, far, as he thought, from any ba hearing a beautiful giri who stood in her BF bupgry, and almost disheartened, of ‘gladness foll upon his care like the y heaven, and touched a cord whose vibrations he = from that . ull ja = sent, inspiring him to greater diligence aad z in the of his Mast At the extreme bounds 1) meetings, and saw hua- dreds converted to God, “and,” added he, with pecu- Mar emphasis, ‘at such times | should like to see a nap- man than 1 was.”’ Before be sat down he asserted, measured words, and in @ strain which evinced the benesty of bis nature, that he would rather be an ttine- rant Methodist preacher than the President of the Uaitod assertion which was repeated by a number of colleagues ata later stage of the proceedings While was every word and gesture our grumbling, delicate, the present day to hang Macy of these pionsers are uwkvown to fame, but their record is on high, “the jteous shat! be had in everlasting remembrance. '’ Yet in that group, small as {t was, were men woree talents and native worth have won for them an eaviadle position in the literary and religious world. One of their num- ber, in recognitioa of his services to the church in the morning of its existence in the West, and of bis talents wright, while still another, whose early years were spent on the wild prairie and along the banks of the Mississippi, instrumental in opening the eves of the bind and bringing ing thousands bang as be pours forth the fertile and bighly cultivated intellect. Although deprived Of sight by an unfortunate casualty in boyhood, by in- domitable perseverance aed severe discipline be has Attained # lofty position in the world of letters, and is as ‘tmoch prized for the geniality and kindness of his natare as for his remarkable oratorical powers. The friendly interchange of entiment continued for some time, when the hour for separating had come, and in compliance ‘with the with of the company Father Carrwmant offered up a brief prayer, thauking God for preserving them Urrough the dangers and vicissitades of their career, and carneetly praying that if they should never meet together ob carte again around the ve table, they would eit down at the Supper of the Lamb in the kingdom of heaven. The heroes who had braved many asiorm and through trials requiring undaunted courage were m, but when they soos from their Knees ama lot us sweetly live, let as aie, And each 8 starry crown reseivo, Abd above the sky, the scene was very aflecdng. They took each other by the band, and as they gave vent to their feelings in an- cuber 200g of praise, Whea we've been there ten thousand yeare, Bright a8 the sun, the scene was beyond description, and mate impressions upon the munds of the spectators (for the sioviog het at tracted the adaches of the establishment to the door of ibe room) which time cannot efface. ford. She was th» oldest resident of Hartfor Binety etx years of age. Died at Pittsfield, Mass., Sth inst., Hom Pwoveat Avuey, fenlor editor of the Pitsleld (Mass.) Sun, which he founded in the year 1800, aged eighty-four years. He was ‘tho oldest editor im the Union. FINANCIAL AND COMMERCIAL. Scypay, May 13, 1860. The week ending yesterday was less active in the entries of foreign merchandise and the export of specie than the corresponding week of last year, bat the export of domestic prodace was greater. The import of foreign merchandise was remarkably small for the season; next week it will be more active. The export of specie shows an unex pected decline. The tables published in last Mon- day's Henan led to a general expectation that the usual eummer drain had fairly set in; thos far that expectation has not been realized. The following are the comparative tables of the trade of the port for the week and since Jan. 1:— 1859. 18A0,, 1,188,826 | 859,087 4,812,983 2,066,800 6,001,779 9,025,887 83/211,238 $3,950,786 $9,219,017 86,676,648 Bree. Por the week. Dry goods, [Since January 1,... 949,677,719 Rxronts Exci carve or 1858. 1850, 1860, For the week... ..... $758, 1,491,909 2,066,967 Previously reported... .20 20,662,809 27 996,627 Since Jawuary 1. .971,088476 22,164,808 20,701,508 —a ov SrEcre. 868 1869. 1860. For the week... os. $72,710 1,020,401 633, Previously reported... 11.077,9m 16,400,088 9. 174,062 Since January 1....911,748,601 is, 9,708,543 Our cotton market improved last week under the effect of advices of an advance in Liverpool. The business transacted, when first the news atrived, was large; but the market subsequently became quiet. The receipts continue to show a decline as compared with last year, the excess now being re- duced to 741,000 bales. Upto the sailing of the last Conard steamer, the total reeeipts were 4,246, 000 bales, against 3,505,000 to same date last year, and 2,777,000 to same date of 1959. The exports from this port wore leas last week than doring the corresponding week last year; from Southern ports, they were about the Bo far as can be judged, the new crop promises 5 but it is too soon to form anything like a Teliable opinion. The amount of land planted is very large, and, if no accident occurs, sanguine authorities look for a crop of 5,000,000 bales; but comphuints of frost and drought are heard already. ‘The advices per Asia of @ scarcity of cereal food in Ireland, and of an advance in most of the Earo- pean markets, imparted some vitality to our grain and flour markets; prices rose, and some heavy purchases were made for export. The advance, however, tempted holders who have been holding for a long time to realize their stock: prices declined almost immediately. The West is pushing forward its surplus stock wit’ ‘snatch, and there is no likelihood, thus far oi want of food in our markets. The © .atity wheat and corn which is coming ard from Chicago is almost unprecedented. If the new crop turns out as well as it promises at present, it will restore the West to prosperity, and the indications are fair that even with a large crop the wants of the foreign world will prevent prices declining below paying rates. The weather in England has thus far not been very propitious, 4 The advance in sugars, which we noticed a week ago, has been followed by @ reaction, and prices are } lower again. Southern advices, however, speak of short crops, Teas have improved, on the rumor that the rebels are menacing the district from which Shanghae derives ite supplies. Coffee is dull and flat. There has been a good business in pork, with pretty large sales, at a small advance; beef is steady. Brandy and other spirits are quiet. Spices are dull. Tobacco is dull and depressed, with the exception of fine grades. Wool is more active, but there is still difficulty in bringing about a fair agree- ment between buyers and sellers; the former insist on concessions, There have been heavy arrivals of Scotch iron, and the price is lower in conse- quence. The banks to-morrow will probably show a de- crease of specie, though, in consequence of the arrival of $1,242,391 yesterday from California, they will hold considerably more than the average they show. Their last average was $23,815,746, which was an increase of over half a million over the previous statement. From this must be de- ducted at least a part, and probably the whole, of the heavy shipment of May 5, together with any portion of the shipment of May 12 which was taken out of bank before yesterday morning. On the other hand, the Sub-Treasusy has been losing money to the banks, anda considerable amount has been received from Philadelphia and points further South, The Sub-Treasury balance stood last evening at $6,539,414, against $7,049,143 at the close of last week, and $6,020,420 at this date last year. The bank specie is approaching the point at which it stood a year ago ; at the corresponding date to the present, the average was $25,171,335. The loans are expected to show an increase to- morrow. A week ago they stood at $127,479,520, which was an increase of $393,853 on the week pre- vious; a year ago they stood at $129,680,403, Several of the banks complain that they cannot get nearas much desirable paper as they want. They are, accordingly, using their means in Wall street, and in the purchase of paper which is not strictly choice. Were the rule of the Bank ofEagland to be adopted here, and the re-discounting of paper at bavk by the large discount brokers and note shavers to be abolished, the bank line of loans would decline several millions,and money would at once advance one or two per cent. It is the facility which most discount houses enjoy of fall, ing back upon their banks for loans in case of need which emboldens them to discount as freely as they do. : Money closed yesterday easier than it was at the close of the previous week. On Monday last, the news of the recovery in the cotton market at Liverpool, and the healthy condition of our com- merce, dispelled the alarm created by the heavy shipment of May 5, and capitalists who had with- drawn their funds from market made haste to seek fresh employment for them. We therefore quote, as @ fortnight ago, cail loans on stock or first class paper, 5 per cent, with occasional ex- ceptions at 4 a 4) where the lender seeks the bor- rower, aud at 5} @ 6 where the collaterals are not favorites, We quote commercial paper, 5 a 54 for 60 days double name first class; 54 a 64 for 4a 6 months double name, strictly prime; 6} a 7 for the highest grade of single names; 7 a8 a 10 a 12 for lower grades and names less generally known. As stated in last Monday's Henatp, the New York money market may be momentary fits and starts, occasioned by transient panics, which may cause the price of money to {advance for a time; bat until there are more borrowers in the market than at present, there can hardly be any permanent and material rise in rates. Foreign exchange closed easier yesterday than it did the week previous. We quote bankers’ ster- ling bills 109f a j for sixty days, and 110} a } for short sight; francs 5.133 for sixty day bills, and 5.114 for short sight. These were the highest rates yesterday, and remitters were generally unwilling to give so much; there were a few produce and other good biils in market at much lower rates. This dulness in exchange is the natural reaction from the advance and activity of the week ending May 5. The price of exchange for the Vanderbilt and City of Baltimore was higher than was justified by the movement of our foreign trade; it was an un- natural advance, based partly on the advance in gold bars which was caused by competition among the bullion brokers, and partly by a desire on the partof cotton shippers to strengthen the hands of holders on the other side. These causes have now in a measure ceased to operate; there is less active competition for bars; and the holders of cotton at Liverpool have shown that they are quite able to hold it without help from this side. Hence, the inquiry for bills at the advance has fallen of It would, however, be erroneeus to look for any material decline in exchange at the present time, or for an actual cessation of specie shipments to Europe. It is neither probable nor desirable that our specie export should cease. Ever since California gold began to become a staple export of the United States, the month of May has always witnessed a lively export movement of specie from this port. This time last year the leading bankers were selling their sixty day bills at 110), and we were shipping $2,000,000 a week. It was so for several years before the crisis, This year the export movement has been delayed, in conse- quence, mainly, of the very large export of cotton both from this and from Bouthern ports. But the stoppage can only be temporary and partial. It is just as essential to the prosperity of the country to export specie largely as to ex- port cotton; indeed, of the two, the specie export is the more beneficial. Our specie export is now $9,000,000 behind that of last year, and the de- cline, as compared with last year, increases week- ly. Itisto be expected and to be hoped that it will not last. Our banks hold much more specie than they need; it will be better for them, better for the commerce of this country, and better for the prosperity of our customers over the water, that they lose rather than accumalate specie from this time torward. ‘The internal exchanges exhibit no striking fea- tures. The usual spring fall in Eastern exchange at Chicago, St. Louis and Cincinnati has been checked by the copious purchases of goods made here by Western merchants. The West, though far from clear of debt, is in sy spirits than it rations of the New Orleans banks in exchange. New England ts drawing s little gold from New York. ‘The course of the stock market during the past month has been as fellows:— Last week witnessed a pretty general advance in stocks, predicated on the general recovery of the Western country, on the probable movement of grain, on the increase of immigration, on the ease in money, and om the general confidence in the prosperity of the country at large. The pending Presidential canvass, the condition of Europe, and the bear elements which were so much in vogue fortnight since, ceased last week to attract atten- tion, and the bulls had everything their own way. An advance was reached of 24 per cent in New York Central, 3 per cent in Erie, lin Michigan Central, 2 in Michigan guaranteed, 3 in Illinois Central, 34 in Galena, 4ia Rock Island, 3} in To- ledo, 1} im Hodson River, and 34 in Pacific Mail; but, as was to be expected, this advance was not maintained,and stocks reacted yesterday, closing at the prices above stated. From the harvesting of the good crop of 1859 it was evident that the course of the Western rail-' way shares—which were then fearfully depressed— must be upward; the only question was when the advance would come. So, now, one only needs to look into the condition of things in the Weat to be satisfied that that section of country is on the mend, that its various interests are appreciating in value, and that even the greatest results of the past will fall ahort of the rewards that will be won in the future. But those who expect all this to be realized in a week or a month or two months will be disappointed. The West is yet very poor. The Western people are very badly off for goods, and cannot get them for want of money. One of the largest cities of the Weat—Milwaukee—does not pay its debts, and is steadily giving up its trade and its industry to wiser and more honest cities. On all the Western railways the passenger traffic is actually less than it was ‘a year ago. These things show that the work of recovery will be gradual; and it is more than probable that the advance in the securities, whose value de- pends upon the prosperity of the West, will be gradual likewise. Some more railway earnings for the first week in May have reached us, and we subjoin our table, with additions:— Roads. 1-8 May, 1859. 1-8 May, 1800. Increase. a. $24,098 46,725 2,627 15,691 2,590 26,050 8.886 24,138 5,492 seco || hist 20,663 7 16,469 He ii e waccenae® . Sesssaase Peesee AATIATE Sescaeesss 3% geod request, with , the latter figure demand, especial i 5 i & é seit f iit ; = z H of It were herring were selling at 23c. 9 28 . for No. 1. alnga dg for layers, apd $2 35a 2 37), for bunch, with balves at $1 150 $1 20, and 40 quarters at S5c., ‘and drums at 6\c. per Ib. Goywy Crorn wax firm and in good demand. The last tales included 1,000 bales, to arrive at Boston, at lfc, jets 4 per cent, and 100 do. t arrive here by the Miles Standi#h, due some time ahead, at Ife. Gexxy Boos were last soid in Boston on New York ac- Count at 10%. Bur was quiet. Jute gold in Boston, 400 bales, at $95 per ton, 6 months. t —The sales embraced 420 a 500 bales for shipmont Hors —There continued to be a good demand from the trade for domestic consumption, and sales within a day or two have reached about 200 a 300 bales, at Te. @ 120., with rome lots choice at 14o., with small lots of old of '67 ‘and ‘68 at Se. and Te In cash. Inox —The imports of Sootch pig have been increased within week, ore more disposition to sell, and ‘within a day or two 700 a 800 tons have changed hande at ‘$25 60 per ton, six month. Eogiish bars were prices unchanged. Leap Was steady, with email sales of Spanish at ‘of Staten Island at $5 668 and of 3 ' Cuba moce vadoes at 27 ¢ # bee., the ‘Sronms —Saire of 250 bb! M% & 480. and New Orleans at 470. a Nay ii q + 3 i siivs “st il i: BS ¥ z A it sige SHIPPING NEWS. Sy hae flees eee AE Port of New York, May 13, 1900. eine moe meee te mrs @A4ND' KK. May 18, eunset—' berks one briy, Sin thor terse. sn outward bound are uscharod ot BW Spit Wind SE, light; weather clear. Miscellameous, ‘The obliging purser of the steamsbip Montgomery, from Sa vappab, bas our thanks for papers in advance of the matl, Sreamsuir Keystone tare, at Cherleston Philadel. ‘about 80 tons coal, Suir Vancuarn, Ne K (D0 ci ist i I i >I 4 iP. i 33s ‘li hale Sm E i i i E BE i Ge eal ut : a 5 i a £ ‘1 3 F & rf He HP if it Oa bbds of desok load 10 enae 217s Null of hip Sweden, condemned at Gfbraltar, was sold Brig Daniel Webster, 194 tovs regisier, built st a= Aa, bas lavwly been sold for about Bteamtu; notice of the intention of placing bas been isid midway on the eof the Bureome fand, with the following marke Light, open to the southwest of the Bouth just open of the onter end of Grimsby Dock ‘The Buoy is enlored with « horfrontal stripe of white, poms red and wnt in % fathome iow water of ordinary "And in conse nence of the Middle Sand having shifed far ther Whhe Buoy marked “Hook Middle” has 8 mile to the 88 of its formar nad of the Band, with the following one SES open to N of Ulee Besson, W by 8143. ‘3 \y fasporne. KU WaRD 8 WILSON, Secretary. Whalemen. Richard Rosford, In 8 fom tee ports her April 1. having taken 18) sp since leaving T: Joris her &! kes Echueno-séh op alld a om A Jeter from ship Uning, NP. reports ber off and on at April 16, with ope emai! ap wb (25 bbin) taken in the Atiantis Ocean. a) well—bound ea % cruise of 4 months. A letter from bark Wy NB. reporw her at Taloabusno Maret 17, to sail ame home. ali well A latter from ahip B: wr ag on Mareb LD wits 350 ep iter, from Capt MeClare. of ship Mary Ri xB. dated at Chinebs Ielands apr & Belen pri 9 reoorts tonched at do March wo Jan Lou 90; Feb7, od at) ‘ 40 &, tom 94 28 wee C ‘& Dine fing, With 8 whie ball 2 it HAG 45a po" Bie wid Fusrmore. Aprit arr JH * Leavis NOrleawe for Abo; BW Fariey, Fainovra, Ja, April 18—Arrechr M Wrightington, Thatel- 1, We Bavas, 4pri) 77-814 sna EB Thompson, UO States; Selotn, Minott, Newcastle sod OMtates, ‘ce Bid 5th, y thy Fe pS, J Wenley, fie ‘woke Chas’ feria ahseth ai oes area Yors sath Ae 4a H » Newcastis, 4prii 30—Eat out, Cartis, for Phia- RWPORT, one 29—Arr John © , Havre Racasani, "Feb por i Corse Fizgerald, for hata tot Hong Rose a of f Ea ritait ti Deen Memes z . : * top; Goiden Era, Thorodixe. tor Calders, American fort. ALEXANDRIA, May 1l—arr ache Eero, . cm Sit setre Helen Mar, Nicwerson, Boston, A L Hardy, Smith, Sas Harvor SOaTOR, YY AM—Art ship Monta: verte Wanelin (Br) Cain (Br), Choredi!) Ardrossan: lev Kent. Halumore. fr Lig} See ae \~s NP, C MeClees, , Newbern. Bid 8p = Jn tietta, Roca, a Setar Keve Bedell, New York. Sid sehr Home, i a Cid robre A Ply ay eee York; 12th svainer Aleoa Cry Weer, a oder Koya ee be Few may 2 oote an, august Cole, Porta on ety Arr sieamer Hah, NTork; U 8 schr Raa to tow Bow Pigs aceamel to. Mar sation; i bed schre tH Read, Kesey, do: Cranmer, EW DCSTTORT, Mog li-—hsr cube Kasha Said, =o PRILA DE \angban,