The New York Herald Newspaper, November 19, 1864, Page 2

~ COMMERCIAL. FINANCIAL AND Farmar, Nov. 18—6 P. M. The gold and stock markets have beeu week and excited to-day, and a further decline took place in both, the feeling on the street being very unsettled and spec ulation preponderating largely on the “be side. The fitful course of Specie will be best indicated by the quotations, which were as follows:— 2-207. M.. S15? Mt 21154 scor M 2173p 400P. M. 16 . LT 86 ¢ and surmises were freely indulged in respecting the probable object and consequences of Sherman's movement; and the comments of the hmond = papers—re- ceived this morning—on the subject, strength- ened the disposition to discount @ victory at Savannah, Charleston or Mobile, or, falling short of these, at Macon or Augusta, or several or all of these places in succession, The report, too, from Washington—publiched this morning—to the effect that in all probability commissioners will be ap- pointed within a short time by the President to proceed to Richmond and present propositions of * peace to the rebels assisted the effect of Gen. But- ler’s recent speech at the Fifth Avenue Hotel. More- ever, the doubts and misgivings as to the future, which occupied the public mind preceding the Presidential election, have given place to a more confident feeling siace the re-election of Mr. Lincoln by such an overwhelming majority as left the popu- Jar will entirely beyond question or diepute. This feeling of reassurance would, of course, have at- tended the election of any other candidate who might have achieved a similar success. But the bull element in the gold room discounted 4 great rise in the gold premium following upon Mr. Lin- coln’s re-election, and it advanced steadily till the second day after the result was declared, when outside parties having failed to come in as buyers, e@ccording to expectation, the market broke under its own weight, and it has been declining ever since. On the 9th inst. gold sold at 260, and to-day at 210. The speeulators fora rise, who had visions of untold wealth within their grasp only ten days ago, are sadiy disappointed men—quite as much 80, indeed, in their way, as Gen. McClellan and Mr. Pendleton, George Augustus Sala, Dr. Mackay and Prof. Goldwin Smith, Like the South, when it began this war, they miscalculated. A host of strong operators have been crippled, and a host of wedk ones have been swept out of the speculative ring by their losses. And the more the merrier, go far as the people are concerned. The present situation and the prospect before us favor a continued decline, although the “short” interest, which is large, may operate in a spasmo- dic way to temporarily check this tendency. It has been telegraphed from Washington that “the Secretary of the Treasury has bad a rod in pickle for the gold gamblers for several days past, which is pretty certain to fall upon their heads with stunning force.” allusion to the anticipation of the interest onthe January coupons, amounting in the aggregate to $9,313,821, as follows:— On aix per cent bonds due 1867. Oa six per cent bonds due 1863 ‘© per cent bonds due 1 five per cent bondz due 136 ix per cent bonds due 1350, six per cent bonds due 1541 five per cent bonds due 1860 .. 82999 . see ede cece. $9,313,921 But another version of the report has indicated the sale of gold by the government to break the market, and other measures of a still more peculiar character, impotent for good, but powerful for evil. If the folly of those in power should lead them to any such ceurse after the several warn- * 4mgs of the past it would show them incapable of profifing by experience, and stamp them as no better in practice than imbeciles or traitors. At the first session of the stock board this morn- ing the market opened dull and weak. As the call progresse€ f showed a siight recovery of strength, ‘but at thelclose it relapsed into its former heavi- ess. The closing sales showed the following varia- tons from those of the second board yesterday: Erie declined 134, New York Central 1, Reading %, Hudson River 14, Michigan Southern 2, tli- Bols Central 154, Chicago and Northwestern 1%, preferred 154, Chicago and R Island 2%, Fort ‘Wayno 3%, Cumberland Coal 134, Mariposa 4%. Government securities were firm at yesterday’s quotations. Coupon sixes of 1881 sold at 110% a %; coupon five-twenties, 103% @ 10474; new issue, forties, 96 a 4%; one year Certificates, 9624 a }{; 7 3-10 Treasury notes, 112% 2113. This last ehows a decline ef eleven per oent from the highest point to which the specula- téon im these notes, based on the possibility of their being received for customs duties, carried them on Tuesday. Railroad bonds were active, State stocks steady end bank shares quiet. © At the open board, at one o’clock, the market @ontinued heavy and quotations were lower, with 8 pressure to sell. At the second regular board it was feverish, with a fractional imprevement of prices for most of the railways, The closing sale: as compared with those of the morning, showed a decline in Erie of %, New York Central %, Hud- son River {, Reading %, Michigan Southern 7, Michigan Central }{, Ilinois Central %, Cleveland and Pittsburg 2, Chicago and Northwestern 44, preferred 34, Chicago gnd Rock Island 2, Fort Wayne %, Cumberland Coal %, Quicksilver %4. Mariposa and Ohio and Mississippi certificates were steady. Government securities were, on the whole, steady; bat the coupon sixes of 1881 declined 34 a% : Afterwards, at the open board and on the street, the market was dull, and the bad state of the weather limited the volume of business. The money market continues easy to stock houses at seven per cent on call, but the demand is light, and brokers are relactant to extend their customers’ contracts on any but wide margins. The discount line shows no material change. From some-quarters there isa little more paper ofiering, bat fenders are critical of all but strictly first cla names, which are accepted at 8 @ 11 per cent. The advance in government securities has diverted attention from them as temporary investments in some degree. A new national loan is looked forward to, buteven if such should be advertised before the meeting of Congress on the first Mon- day in December it is mot probable that subscrip- tious will be called for much before the end of tbat month; so that it bardly calls for preparation at present. Moreover, whether it appears sooner or later, there need be nd apprehension of strin- gency on that account alone; for government logm# act as salutary drains upon the hoardings of individuals, and 0 relieve the banks of pres sure, The fluctuations im gold have, however, the effect of making lenders very cautious ia the extension of their credits; for, as the prices of produce and merchandise of-all descriptions sympathize more or less actively with the changing value of the currency, the contingent losses to which the mercantile community is eonstantly pubjéeted are many, and never was legitimate business so much a speculation as it is in this ‘try in the present eventful period. The foreign exchange market has been mode- active in anticipation ef steamer day, but otations have not advanced. There will be some for a short time to come of the inte- on the January coupons on bonds held on account, the prepayment of which com- 4 to-day, bat the shipments of specie during remainder of the war are likely to be less in tion than during the inst vear. Bankers’ NEW YORK HERALD, SATURDAY, NOVEMBER I9, bills for sterling at sixty days are quoted at 109%, and at three days at 110%. Merchants’ bills are Offered at 105 a }%, but are still regarded with more or less distrust. A continued’ ovement in the aspect of fiuancial and con ial affairs in Europe would, however, bring them more- into favor. We are glad to hear it stated that the Money Printing Department of the Treasury will soon issue a new fractional currency; for a large por- tion of that now in circulation is so defaced and mutilated as to be quite uniitted for use as money, while the fifty cent issue has been exteasively counterfeited, and it is difficult to distinguish the genpine fromthe spurious notes. The plates of the new curreney, it is said, are to be electrotyped. Arrangements ought to be made as soon as practicable for exchanging the new for the old at all the post offices and the general sub- treasuries in the country. The importations of dry goods at this port dur- ing the week ending November 16° compare as follows with those of.the week previous:— Weck ending Week ending Nov, 9. Bou. 16, Entered fer Ooneumotton. Pkos. | Value. Manufactures af woot .. 450 $105,078 Manufactures of cott QT 8824 Manufactures of silk 98 2 Manufactures of flax 328 500 94,640 iscelianeous.. 65 96 = 17,882 Totat 965 1,238 6263,725 Withdrawals, Manufactures of-wool .. 966 09 $202, 70: dianufactures tion. 22% 91 23,551 Manofactures of silk... 92 4 45,520 Manufactures of flax... 515 82L 73,841 Miscellaneous.....0.... 223 36T = 6,044. TOtAl......eeeeeeeree 3,010 1,829 _ $351,967 Warehoused. Manufactures of wool .. 833 148 $65,056 Manufactures of cotton, 309 61 18,339 Mavufactures of silk... 139 5 38i1 Manufactures of flax... 425 Miscellaueous.....-.... Total...... seer ++ 1.843 $745,206 The highest cash prices of the leading railroad and~miscellaneons shares, at the first session of the Boardof Brokers to-day, compare with the quotations on Friday of last week as follows:. American Coal Co....... - Cleveland and Pittsburg Rl Cleveland ane Toledo RR, Chicago aud Rock, tslaud Ki Chicayo and Sorthwestero RR. Chicago and Northweateru Rit pref, Comberlaua Coal (9. Canton Co, Delaware a Ente preterred Hudson River RR. Htinois Central KI: Michigan Central RR Michigan Soutbern RR. Diji waukee & Prairie du Chien Mariposa Mining Co New York Coatral RE Chio.avd Missiasipvi certitic: a Pittsbarg, Fort Wi iy & Caicago RR. quoted us fullows:— Coupon sixes of 1981 One year certificates. i skie ‘ State stocks were registered at the following prices:— Missour! 161 Tenuessce 6's. wee 6 Indisna 5's - s Virginia 4 Georg! « 68 The comparative earnings of the Rome, Water- town and Ogdensburg Railroad for the month of October, were as follows:— 1864, Passengers. 42.485 Freight . 89,196 1,607 2,206 . 316,136 83,058 ees wenee eves s BTID very successful this season iu Southeva Illinois, paying far better than any other product, ~ wwearruuf nuaured bales nave already been shipped from Carbondale, and more than as much more will be shipped. I¢ is coming into Cairo with equal rapidity along the entire line of the Central Railread. Exteaswe prepara- tions are being made for the coming year, and, if the season is propitious the cotton crop will be really immense. Steck Exchunge. Furpay, Nov. 18—10:90 A. M. 60 shs NYCt RR DIS 121 300 do. 10 120) we 1000 U § 10-40, cou. 96; sv00 GO...000 os oe 19000Tr n,7 3:10,A&0 113 £000 sina . v" son 1000 California 7 20000 Obio: Miss 10000 do. ‘s.. cert 30000 20090 75000 20000 10000 m. 1 1000 Mich So.24 m,. 6000 Mich 3osfv., 20000 Chi & NW 16st m 2000 10000 Tols mex I 4000 P, Ft W & G2a } SOOO P, FLW kC3d 1000 Clev&fitts2d ma 200 Mariposa 1st m 10000 American gold. 30 ahs Mer Ex Rook 290 Canton Company. 8 Del A Hud Canal. 400 Cumb Coal pref. 200 eo, 200 Quicksilverhig Co 290 do. & * 200 dow... 630 98K 200 W ¥ Contrai RR. 12036 00 do, 10 131 Hawe-rast Two o’Cuoce P. $19000 08 6's,’81 cou 1103¢ 100 shs HudRiver RR 113% 10000 do, ++ 110% 800 Reading RR. 13456 +110" 200 0 184% 103% 200 Mich So &NIndRR 69% 104 600 40, 6955 118 ou 2000 ao, . 100 Mich Ceniral RC 124.¢ 14000 US 6’s,1 yreer 963 . i 4 Nae Central RR.... 123 20000 Obto& Miss cer 25% 10000 American Gold. x Co ef 1 do. Honda ae 200 ChIMNWest RR.. 42 aug as BS Bouatiici HY 0.» re to NY Coutrat RR. 121 fi ~ 600 Chi & Rock le RR 192 do, i 200 & Toor Hip PW SOMA 100, 1090 * tous 1006 1200 ee + 100% ory COMMERCIAL REPORT, Faupat, Nov. 18—6 P, Aauma.—Receipts, 4 bbie, Market irreguiar and prices fominal, Baranervvrs.—Reosipte, 14,346 bbis. flour, 12 de corm meal, 7,199 bushels wheat, 1,962 do. core, and 89,390 do, oats, The four market was again 150, a $50. lower, the demand moderate, and wholly confined te the wants of the trade. Speculation was in abeyance, and offers to soll for December delivery, on a baste of the dedine on the spot, met with me response from buyers. Sales of 11,000 bola. Slave nga Weaters, 000 de, Gouihers, aadq 100 690 400 do, Canadian, Rye floer was quiet, with sales of 100 Dbis, at $9. Corn meal was rather heavy, with sales of ‘160 Dbis. at $5 25 for caloric, aud $3 60 tor Brandywine, Common to medinm extra Weatern, Extra round boop Obi Wosters trade brand sie pron eore-s SESsSSuSS a 4c, lower, tho grades, fates 45,000 $218 for biiwaukoo aa prog. ce er red Wesiero, aud $2 $2 40 for amber Mtebigan. Rye was dull ang! droop ve. Western beid at $160. Barley was dul and 8c. @ dc lower, Bar'ey malt was dui! and nominal. ‘Tho corn ‘ket Opewed bevy ac $l 5344 a $1 60 for mixed Weet- in store. Oats were beavy and lower at Pic 29646 for Western, aflort, aud 970, a 98. for do., in stor Brasw. fet, and prices were wholly pomin tern, Om terms not to be m pobiie, Caxpues. —Adamantine were quiet, with sales of 200 bexes, on pri terms; sperm aod patent were witbout decided chan; aive, the sales being 200 boxes of the Corro#.—With a further decline in goid, the market bas been less active, and prices fell off fu:iy 0. por ib., and boldors at the close found it inapossibie to eflect sales at ‘our quotations, Sales were about 300 balos. aguet ¢. IN. Ordina: Midatiuy, Good mi bere was only a moderate business and the market was scarcely so firm; sales of 10 tous sal Boda ut 4!4c,, 25 casks bleaching powders ut 6o., 6 tous caustic eda vt 12¢,, 25 tons soduash at 530, quinine, $5 20 « $3 25, anc 60 bbis. borax on private terms. ‘ Drawoons wore rather lower and dull, owing to tho fail in guid. Fisu. Ty cod have been in moderate demand and firm sinco our !a5t report, with sales of ndout 1,800 quintale at $9 a $9 25 for St. George’s, aod $8 a $8 25 for Bank. To mackerel there hag been’ quite a pus:ness doing, tho sales reaching 1,500 bbis, at $16 for No. 1 Buy, And $13 60 for No, 2 do., $22 for No. 1 Shore, aud $1F for No 2do Box horring have beea in rather beiter de- mand, with saies of 6,000 boxes at b5c, for soared, aud 600. for No.1, In barrel herring thero is nothing dows, bat firm at $8 for St. George’s Bay, and $9 for prime. Freraurs were dull, . Bagagemeuts to Liverpool 60 tons o'l cake at 73, 64., por neuteal, 200 Lerces bee! at 22.34., 100 tows measurement foods and 30 tons tallow at 128 6d., and per stcamer 490 tiecces beef at 42, 700 boxes cheege and 200 packages butter ut 408, To Bremen 150 bhda, tobacco at 252., and 100 bage coffee at 2s , and to Avtwerp 60 tons mabogauy and 1,000 boxes ex: tract of logwood at 25s. Facn was in moderaie demand at easter rates: about 260 boxes new bunch ratsins, and 600 yi at $6 a $6 25 net, carh; 340 boxes old Iayer do. at $5 toa $5 30, and 375 boxes do. bunch at $4 1255; 4.80 10 bbis, Lunguedoc almonds at 33c , 25 bbia & Du at 18 inc, 80 bags diberts at 19c., 10 boxes dried citron ut 370., 10 bbis. currants at 183¢c., and 170 bags fiiberts on pri- vate terms, Goxxv Bags wore quiet, but Arm, at 36i4c. a S76. Goss Cuora rema.ned Orm at 206., with, bowever, but little doing. Hay —Tbe domand was moderato for sbipping at $130 ® $1.25, Reia: lots were somewhxt searce aod in good ingviry at $1 50 » $1/70, ag in quality. Bors.—The market (0 day was tess active and rather easter, the demacd being chiesp for pew grades from coveumers, gales 10 baies O}4 at 190. 2 0c . and 50 do. new st 390. a 65c., the latter price for strictly prime. frogs —There has beeu av active demany s:nce our last report; but prices have declised fully 2c. oer ib., owing tc the downwara movement in gold. The °8 include 6 ,506,Buenos Ayres and Moatevideo at 32c. a » $700 Ca:ifornia at 32c., 1,000 city siaughter at 120 a lc , 350 San Juan at 26 ic., as they rum; a'a0 8,000 Orinoco, 8,500 wet saed California, 3,000 dry do, 2,000 Rio Grande and 609 city slaughter (cow), all on-private terms. Easr.—Owing to the fluctuations ta gold the market bas beon vory irregniar, and prices are wholly nominal. We beard of & sale, bowoyver, of 100 bales Manila on pri vate terms, LyoiGo.—There continues -a aloady jobbing demand at lower prices, sales of 8 chests Beogal and 10 do, Madras 00 BrIVALO Lermae, a decane Larne were in moderate demand and firm, with sales of 700,000 at $2 a $2 25, three months, iPloa —Toere bas been rather more activity in the for this article, at, however, m decline of about Me m Ke per Ib. were 200 tons foreign and ““lime-cReck land wea 1 modeeate dom, was ler and, with sales €f 1,100 bie, commoa at $1 25, and 200 do. jump at # 75. Glens Fails was dul, with no particular chuage valet : Lcunsn:—Restere epruce sa@ pine continwes iw gtendy mar! demand and +1 market 18 ook usu “ LaotRRH" BRG-"RQeti“is* Sctive domnad, “nd oo heavy Joatber an advance of fully gc. Rer Ib, was established, white other kinds were somewhat firmer, owing chiolly to the smail supply. MoLazsns was very quict, and we bare no sales to re- Port: We quote Cubs muscovado at 70c. a 850, ad ctayed do., 600. a 8Tc., Porto Rico, 820. 4 $1 I6;'New Orteans. commun to fair, 80c. @ dic. and god 10 cl do ,$1a$i 20 Stock yesterday, 8,650 bhds. Cuba m: eavude and clayed do., 2,680 bhds. Porto Rico, end 958 bbis New Or'eans. Nans.—Cut qui it 9 40, a 10c.; clinch, 100, alle ; forged horse, d5c.; copper, 70c.; ye:low metal, S0c., and zinc, 220, Nawvat Brorys. steady jodbing dems change. Sales 20 bots American. Rosie tine we noticad a ere without decided i for french and betee meter at $23 mined wd N better demand at $12 a $14 for fore! domestic, with eaise of 40 bis. of Oits —in hosed there bas beeo mthing doing at $1 45, which price 8 now ceed. Cruve sperm aud whale were vory qnievand prices wera, merety vominal. Lard oil was dull acd lower, at #1 90 for extra winter, witb sales Of 82 bbs. mud 850 gallons bleached winter whule on terms not to be made public. Baa may bo quoted at $1_ 40 and straits $1 42. Paro isioxs,—Keceipte, 152 bbls pork, 3.679 packaces beef, 204 do, cut meats, and 195 do lard. The . Sales of 40 bbie, Tar was 10) rathor , and $10a $12 for ie latter, sh and regelar 50 for prime. $30 also. for (yture dolivery, 600 ‘bbis, mess (1863 64, buyer a! Novem. ber) at $40 50, 2,500 bbis. Uo. (1864-65, for January delivery) at $40 50, 1750. bi do, (1863-64, buyer all Docember) 20 $40 £0. 1,000 vbis, new ed $CU bbis, do, dc, 9. The beet roarket ea 3.000 bbs at $7 a repacked meas. ira meas. eet bam were in good de, witb Of 950 bbie a1 $28. Cut mea: demand add firm, with ssles of 320 res & 19. for shoulaera, sod 8c. @ 210. for hams, also from block 3.000 grean bams at 19c.,25,000 pickled =. at 20 ie , . Terce bi jas ja mode @ mess cop. t. 6 good request, with Of 250 boxes Cumberland ect, for December aud January, at17%c aif, The lard market for Stn prim A Pernotrum.—The market for all kinds continued dull and irregular. Tbere was, in fact, no market, and the few sparchases were mostly “pick up” lots, or lots of- fored under canned | by the oempert ivety low Lb og that a further between, comprising 2,500 8 40 c. ior December; 1,700 bbia. reGned, in Pbita¢eiphia; free was com of Rn bbis. Lorene, po cw Wan quiet at 153. for Rangvon. Sa1t.—The market since our iat re; quiet, and prices of every deser:pt sequence of the (ail in gold anda aye ont sale we beard of wi sacks . We quote ground at Bama ecg ou g nm 1, @nd Jofrey’s aad ‘0Gak.—The continu ime in very depresving effect upon the market for ey ine * Of all kinds were wholly pomioal, tie demand being ox: tremoly light, Sales were only 47 «| Cuba muecet do, at 19}%e , aud 6 Dhds. do. at icc, Refned was Night demand and prices sominal, s(scke esterday, 30, 7 bds., 34,004 bre. 95,177 bacernd 200 onde, meted Saave.— Clover was dull aud extremely heavy, at 20c. & 2lc, Timothy was selling slowly at $5 2 $5 28. Rough fax may be quoted at $3 40.8 $3 50. Im Calcutta leseed we notive but very little doing, and pri moat part nominal, Skins.—The demaod has been rer; maaufacturers, and prices are cont! Seige unimportant, icks.—There bas been but very ity a prices have declined, owing to the fall if pot tales ring the bet three dsys bave been 80 mate ia at fi and 100,00) Ios. jd case 08 at 300., coves at d5c, aod pep- ) No, 1 nutm p.t. We quote pimento Peoares ene ritaer 5 m Mt - with 4 bi oe 10 tons niet and lover, wit salon Of 5 rode Te ie macs a asaee rate demand, at easier rates, wii isiee of 100 boxes Ie ©, coks on private terms, . We not tendy dem: wee scarcely #0 frm, ea'ea 100 Page ghd nye a $1_50 & $1 60, and 90 do. oolong ab $i, 46 @ 91 60. beavy aod lower; isies 160,000 Ibe at Taow was 168, ©1746, Dente deen ‘by the od prices are omens lowers sales were Towascce. fall in gotd, Li 273 Bhds, heatacky at 160. @ 820, ‘Woot.—The market was i, under the:fell ta gold, and though prices are wither isorted change, the ft Kinds of foreign, iselecrag white 900, gold; disck do,, 280° gold, Lf tie Ge dat a Jower; sates 600 '] appears, accord! THE WHOLESALE FORGERY CASES. Coughiin'’s Testimony Conciuded— other Complainge A; O'Brien, m @licr—A P Compiat At teu o'clock yesterday morning the examination in the case of the pertics rocentiy arrested, charged with the commission of a series of forgeries, was continued before Justice Dow!lag. Cougbiin, who turued State’s evidence, was recalied aud cross-examined at length, and bis testimony, which is exceedingly interesting, ‘will be found below, No other witnesses were sworn, noue being in attendance. George F, Coughiin, being further cross-examined, Says—The first thing I beard about it was that Patterson asced me for a sheot of paper; I bad it around at my hotel, at Tremont House; it was the sheet with the head- ‘ng of Lathrop, Ludington & Co ; that’s all I bad of it; I dou't know how long I had it; it was some I bad given to Patterson, and be had returned 1¢ to me; I gave it to him whiie I was in their employ—some six or seven shects, I guses: I gave it to him for what I didn’t suppose was a Proper purpore; he said be wanted to use it—that it would not bart m id I might as well give it to him as not; I went where I got it, at the Tremont House, aud took it to Braisted’s billiard saleon; when I tock it to the billiard saloon, Spencer Pettus wrote the letter whioh ts on it ia my presence; Mr. O’Brieu was not there; Garadier had nothing to do with writing that note; I went away from the saloon alter the lettor was written, about ‘an hour after we met at No. O1 Liberty street; I don’t remember that anything was dove at No. 61 Liberty strect wifh reference to the forge! ‘& and myself left; remained absevt three-quarters of an hour and returned again; it was while away during this three-quarters of an boor that I met tho boy; I wasnot with Weed; the color of my mustaobe is saudy; 1 stood inside of the hotel; when we got back to No. 61 Liberty street nothing was dono, and an appotatment was mado for Davis’, near the Collins Hotel; I think Spencer Pettus and Hugh McNellis camo 1m; nothivg was done there; we were waiting for the rest; I don’t remember that anything was said concerning the forgery; I was there ten or fifteea minutes; I went away and left them there; I went out to get an apple, or some- thing of that kind; Hoally we met at the Coltias Hotel; O’Brien was there; I am not positive ‘as to the day of tho month; it was the day the boy was sent to the bank; this was between the hours of ten and eleven o'clock; O’Brien remained there till wo came away, about twenty minutes, and the check was forged at that timo; thero were Give shares; I did not sce any share bit what was givon to me; I don’t know tbat anything was said about how toe mouey was to be di- vided. | don’t kaow anytbing about any of tho money except what I saw myself altec this; 1 was arrested Iact Friday pight, just asf was going isto my father’s house, Q. Have you beem promised by any ore, directly or indirect!y, immunity of the legal consequences of your ebare of this transiction in your becom!n, ituess io this tranesction? A. No, sir. Q, Do you expoct it? A. I don’t know what I expect, Q. Ie that true? A. Yos, sir, Q Have you an aoccvunt ia the Bridgeport Bank? A, I docl:ne to auewer that question—I have. Q. Under whit name? A. Charles s. Bradley. Q. Bave you an account im the First Natioual Bauk of New Jersey? A. Yes, siz. Q Under wba: name? A, James Brooks, Q. ‘Tbrough the instrumentality of your opening an ac- count ‘o the First National Bank of New Jecsey was that bank ewindied? A, I decline to auswer. Q, Hd you at any time receive $1,636 as your sharo of Aawindiomt Newark, N.J.? A. No, sir. Q. Was you ever connected with any criminal transac- tica io Newark? A. I decline to avawer, Q. Did you ever open ao account iu any bank in New- ark, New Jersey? A. I did. Q. Vader what name? A. Charles 8. Bradley. This cloged the crogs examination of the witness, ‘The District Attorney -here produced three Treasury notes, Nos. $0, 82 and 85, referred to ia Coughile’s vesti- mony as tbe notes obtained from bim. George F, Coughlin, on a redirect examination, eays:— Tmever noticed the number of the bonds; I bave seen Putterson recently every day before the transaction: [ know a Heory Ziglo, in iludson street; he keeps a lager bier salvon; I have seen l’atterson (here frequently. A reoess was bero taken till one o’ciock P M , in order to seeure the attendance of av absent witness. but on the reassembling of the court Justice Dowliug asked District Attorsey Stewart if be had any more witnesses to ex- amive for the prosecution, which Mr. Stewart repited {hut he did n0$ think it necessgry tocsll guy more, and for the preoot would rest tae ation. Justice Dowling asked the counsel or the prisoners if thoy were ready to procoed with the defence. Ex-Judge Stuart sald they were not ready to goon, ax their wit- nesses were aay, Prrcent, Son iene for an rament isc! aoa eee Coes be ay erin orale eg Proper me be able to produce a witnoss who Ww Swear (hat be (O'Brieo) was at bie realdenoe at 1 iD swears the fo:ged check, which the Baok of Commerce was defrauded, was signed at the Coltins Hotel, The magi te then granted ap adjouroment till tea bed this ing, when the heariog will be con- rt The prisoners Patterson, O’Brien and Garadier were then arraigned and formally examined, as follows — Walter Patterson, be'ng duly examined according to Jaw, on (be anoexed charge, and being swformed that he was at liberty to anawer oF not ajl or any questions put to him, states as follows, viz— Q What is your name? A. Walter Patterson, Jed fewa. Q. How old are you? A. Thirty eight soars, Q Where wore you born? A, New Jorzey. Q. Where do you live? A, New York. Q. What is your occupation? A Produce merchant. Q. Have you anything to say, and if 80, what, relative to the charge bere preferred against your’ A. Not guilty, Michael U'Brien, being duly examined according to law, on the annexed irge, And betng informed that he was f at liberty to answer or not all or any ‘questions put to him, states as follows, via. — Q’ What fs your name? A. Micbael O’Brien, Q How old are you? A. Forty.:our years. Q Where were you bora? A. New York city, Q. Where do you live? A. Hign Bridge Q. Have you anything to may, aod if so, what, relative to the charge bera preferred agaiust you?” A. Not guitty. Ira Goradier, betog duly exnmiocd accord'ug to law, ov the annexed charge, and being tuforumed that he was at liberty to answer or not allor any questions pat to ita, states a8 follows, viz:— Q Whit is your name? A. Ira Garadier, Q. How old ure you? A. Twenty-two years, Q. Where were you bora? A. Pbiladelphia, Q Where do you live? A. Paterson, N. J. Q What ts your occupation? A Cierk. Q. Have yon anything to ray if 80, what, relative to the charge bere prefcired againet you? A. Not guilty, During tbe examipation yesterday detective officer Carlin, of Philodelpbis, was present with four forged checks, amounting {n tho aggregato to about ten thou- sand dollars, which be had brought to this city ia the hope of tracivg the forgories to the purtics under arrest, Two of tbe checks were drawn on the Union Bank of Philadetphie, and purported to bave beeu signed by Mewers. Walton & Yort, bankers, of that city. The other forged checks e the signature of Messrs, Culver, Brooke & Co, aiso bankers, of Philadelphia, All the checks were presented and paid on the 1f th of June last, ‘The fellow be requests pri will eoable bim to obtain = legal documents requisite to take them to Philadeiph Edward G. Carin being sworn says,from descriptions ‘that he bas received, ho believes that Waiter Patterson, Migbael 0’ Brie, Hugh McNellis, Spencer Pettus ard Ira Garadier are connected with a sories of forg various banks in the city of Philadelphia, on the of Jane, 1864, amounting to the sum of nearly $10,000, aod he churges them with the samo,and prays tbat they may be held until the proper papers may be to enable de- ponent to carry them to the city of Philadelphia. Be. nt is a detedtive attached to the police of the city of iiade ipbia, Important Will .C: {From the Bouton Traveller, Nov. 17.} ‘The Sapreme Judicial) Court ccupied to-day im hear- fog arguments in the celebrated Price will case, which ig to @ Statement of facts, to have been ‘more or loss i litigation for the last quarter of a century, The present action is brought to obtain from the Court Sconsiruction of this will, R. H. Dana, Ji Hill appear for the Attorney Gener: meaner Bartiett and Ieaac RedQeld for others. ‘Tho estate in dispute is that running from Court square to Washington street, adjoining the Cornbill Coffee House, It Is pow Covered with old buildings, and reatefor the gum of $3,400 per anoum. Mr. Price, who was a zealous Fpiscopaliaa, and con- tributed-to the building of Christchurch im 1722, and Trinity church in 1732, and to tho rebuilding of King’s chapel in 1753, and was idea of the two churehes, died {9 1771, and by his wiil leit the estate in question, alter the death of bis wife and nieces, burdened with the Dequest of forty anillings each to the preaching of cight sermons in Lent by Episcopal clergymen, and also to the payment of other bequests sot forth at length, the rec- tore ny pheno gage of King’s chapel and their suo- eosure rue It sppenret that on the breaking out of the Revolution and the evacuation of Boston, the rector of King’s chapel went with the English troops to England, and took with Dim the vestments, piate and recoras; that the assisiaat minister left the same year, and that the congregation were dispérsed. In 1786 the church was changed to Uni- tarian. In 1824 the rector and churchwardens of Trinity church brought @ sult egaiost the rector and churchwardens of King’s chapel for povsession of the property, rb. tained judgment io their favor; but it is alleged that by eomprom ize the parties to the suit agreed to divide the Income of the estate for church uses alter peying dsums ‘of money required by the terms of the will. At the Acauel Convention of the Protestant Episcopal Church of Massachusetts in 1860 @ committee wan ap- ‘ted to confer with the rector a1 rohwardens ef ‘riaity charcg conceroiog the administri (rasta. appolsteds commitice to tring the subject ptore the 8 commi rr sul Atlorsey Genoral, who therea; filed this iaform Commonwealth te 4 + the” terign of the vsletor patd oor ot the Episcopal Church the | - ba temnlity of the past ad. 1 of greas im: and the argument "Bs Sears tg sae ] Seer shes ‘are'a many of thetr 186, THE OIL. REGIONS. Our Franklin Correspondomee. ERANELEY, Pa., Nov. 10, 1864, hs Early History of Frankiin—The Lave Genéral Hays @ Native and the Late General Reno a Resident of the Place—Hon. Arnold Piuncr—Judge Lamberton—Hon, J. C. Owlver—Coionel James Ross Snowdon, dic.—1' he Oi Wells—The Rrish to the Oib Section Unabated— New Chart of the Region, de., de. No journal has given so full aad accurate information of the oil rogion as the Hexi.y, and none is so much sought for by the citizens of this neighborhood aud by strangers. In faet, it is the oaly New York paper for which inquiry is made. Im reading the many accounts of this section I have thought uot so much prominence has been given to Frankia as, on many accounts, it deserves. In tho few weeks I have speut here I have ‘Deen much interested in the examiaation of its vast oil resources and its past history, and have found its citizens more than usually intelligent, It is not a new town, built up by the oil excitement, but an old and honorable place, with much to be proud of, The town, or borough, as it should be called, is situated, as is weil known, at the junction of French creek with the Alleghany, and is the: first place emphatically in the Oil region. On its site was the old French fort Venango, one of the chain of forts constructed by the Fronch to seoure the country against the English in the old French and Indian war, aud which Washington was sont to visit 1a 1754, by Governor Dinwi f Virginia, The original dra‘t of the fort, by the Freugh evgincef, is now in the possession of William Reynolds, Esq.,of Meadville. It 8 post of great importance by the Frenc, fitted ous from it, In 17634 with professions of frieadsbip, cred the garrison, and destroyer years interesting relios havo been 1, and J Lave in my. possession several bullets and beads found there. ‘Wasbington, in his journal of 1756, speaks ef Franklin Indian town.”” It was incorporated in 1796, ow contains a population of about three thousand five bundred, and is ranidly increasing. It seems as if the great werlth beoeath iis soil had exerted its influence on ‘ho blood of its citizens; for mary noble men hve been reared bere. Geveral noted for hig bravery, even to rasbvess, was born:bere. He served in the Mexican war, and was killed at the battle of the Wilderness, leay- inga proud memory behind him, His father, General Ha ig still living, at the advanced age of eighty-four, in fall possession of his faculties, and at @ recent inter- view inte ated me much in reminiscences of the past He bas been member of Congress, Marsbal of the Western District of Penosylvania, &c., and was for years the inti- mate Of the grea! men, tuose giaut fntellecis, which wo mias 80 8adiy now. General Revo formerly resided tn Fravklin, though was not born hore, and people sreuk of bim as a litle, quiet, studious boy, His futher kept @ small botel. | Among the pro minent men now residing here are Hon. Arnold Pivmer, formerly membar 0: Cougress, Marsbal of Penu- &., very wealthy, and a man of great Lamberion, raising himself from poverty to wealth and bonor; Hou. J, C. Quiver, just elected to Congress, aud, what oun rarely be said, worthy of it, a controtier of mavy banks, aud arich and noblo man, Still quite young; Colonel’ James Ross Snowdon, lite Direotor of the ted States Mint, Judge Koox and Judge Thompson, of the Supreme Court, Judge MoCal mous, Colonel Kerr, &c., &c.—names of which tho place may weil boast, I believo, from nota little investigation of the oil re- gion, that Franktin is destined to be tho contre of oil trade and oil production. ‘the wells ou Hreucb creck aud the Alleghany are more perm inent, the oil ts better; aod recently, on the Lee property, Cochran farm aad olse- where, much lerger wol's nave bon obtained then ever beio: Tous far vo wells have ceen bored below the aecuud sand rock; bat whouthe third sand rock, whore the large wells of Oll creck obtain their suppi.es, and which, (rom the geological formation, is lower heresthan Corther worth, 18 reached, sbere {3 no rexsou to doubt that wetls of one thousu:.d barrels daily cau ve secured. Understanding this, parties are fast buying up tbe terri: tory, und in a mouth prices have advanced ity per cent. The rush to tho oil section Knows no abatement, bus ratber increases. Men of all clagses are pouring tn, Anxions to secure fortunes, aod I have known clergymen eveu who have mado thelr “piles” with others. Bods are scarce aad the roads awful. A gallant of}cer, who had served in the Mexic:n war, been nine years in the regular army and whose bravery bas been tested on many a battle field stace the rebeliion commenced, ro centiy mado a change up Oil creek. After a march of three miles, through mud that has 00 parailel, awed and terrified, be beat & retrest, and when I last saw Qim was making the beat of his way to New York, subdued. He bad never surrendered to rebels, but could not face Oil creek mud Tsend yous diagram which strikes me as very in genicus and original, which will givoa clear idea of the Fefative situations of the different ol! streams, with their distances (rom Fraaklia, by way of the aliegbaoy. Jt was prepared by Jos. H Simonds, of the irm ot Jos. W. Simonds & Co, ‘an enterprising aad Poliabie real estate firm o; Fraaklin. SINOND'S NEW CBART TO TER GL REOIODS, i Simond’s Ruo, Little Pithole, Pithole Creek, { Panther Rea Horwe Croek. s S sheees S £286 Oil Creek, Ne Cherrytree Rua, { Michaet’s Run Cherry Kaa... Coropiaoters Rua Two Mile Run { Reed Run .. ° Sugar Crook, {Wardes Ri ar Crosk, 4 Wardea Run, French owes, { * (Homan Rw Patehen Run Autecaant Rovee—(Fraoklin). ‘Lower Two Mile Run, East Sandy Creek, {i Weat Sandy May's Run.. Schuil’s Ran. Kern's Ruu. ‘The O11 Region of Michigan. OUR LAKPPOKT CORRESPONDENCE, Laxxront, St, CLain County, Micb., Nov. 11, 1864 The Oil Rejwom of Eastern Michigan=-The Existence of “Gum Beis” have Long Been Knawn—The Operations Of Captiaiics—Geolegical Keamination of the Terri- _tory—lis Connection with the Canadian Oit Region Proven—The Advantages in Favor of Michigan, de. The iotorosting articles on native petroleum recently given to the public through the columns of the Heaaty have directed my attention to ove important omission, which is daily becoming of more importance, That Omission 1 Bere propose to fill. Nothing is said tn those articles of the oi! region of Eastern Michigan, though allusion is made to the explorations g01pg forward ag Albion, and at certala points on the western slope of the lower peninsula, TRere is little doubt, however, that the most favorable indications exist upon the eastern border of the peninsula, and, judging by the veutures which sagacious capitalists aro making, these indications Gre of the most condusive kind. The region which # this moment is exciting most at- tention is situated in the northern part of St. Clair coum- ty, 1m the vicinity of Lakeport, about ten miles above the foot of Lake Huron. Gum beds have long been knows to exist in that vicinity, and » feeble attempt was made & year or two since to penetrate the underlying rocks {ll the source of the bituminous exudation should be reached. On the abandoument of this effort nothing fur- (her was thought of thecircumstances which ovcasioned it til Mr. L. Baker, of toledo, Objo, became acquainted with the facts which rendered it probable that rich de- Powits of petroleum undetiie the region in question, Ac- uated by @ spirit of enterprize and liberality, possessed by tob few of our own ctizeus, Mr. Baker immediately Gecured the title to two thousnnd acres of land covering il the select oi! locations 0” that part of the State, Very goon afterwards an Eastern based leased about four thousand vores of lead ont te Baker's tract om bas firection by bese daily proapected by capi One circamstance wit lations based upo: to embark i the enterprise, he was offered by Mr. C. Funk $12,000 lor @ two-tb de atorest in @ certain eighty acres upon which some of the ‘gem beds” wore located. This ofer covered ali risks. Mr. Funk further offered $100,060 for the same interest bonld result successfull, i. sit rat every , per ‘ Wiil admit that no more relinele, rit 1 Judge ‘oe If. ik recently vis- Symptoms of oj! could be found, Ned the premises again, and becane so fully convinced of the certainty of approaching succes that he informed an Leal that lech ge rhe | Ee eee of the reement remevi imsolf the $100,000” aad AUMr. Baker's request this region een Oxamwmed gooldgtealiy by Professor 4 Winchell, University of Mick! , and author r? + of tbat Bake, “Protensor Wiocha, fort Wituting direct comparisons wih extended hig observ: Enviscilien, The of invostigations prove that the Canadian q region prolongation of @ group of Bituminoni »! Principal mass lies apon (be American sie, wore op th A the Bui Toport, ‘hough 1 beoomes f embraced withio the ‘Hamil York iste; and they hi Sa'the report ‘of she Miebigan will be a lntereepied by an imper7zious covering. oll region of Canada aad Michigan euch covering existe in the form of a mass of dfluvial clays from fifty to one hundred feet in thickness. At Oil Spriogs, in Capada, the Jor tratum of these clays is somewhat ly and porous, bud becomes gaturaiod with O11 con ed from the distillation below. The ighier oil obtained by bor- ing Into the rock is found saturating the layers of sand- sLone and areuaceous limestone, intercalated among the shajes of the Hurop group. It is as yet impossibie (0 say woetber a porous, oil beari atum will be found at iu Michigan as in C: ve resuit in this respect will in ao way aife cvs of petroleum ib tbe rock below. and symptomatic ter im diichigan of exactly the The oil region of Micha somewhat low, covered ob: @ luxuriant . bard maple, swamp elmand Diack agh, with some other varieties af trees io spersed. The water of islack river, Michigon, is the counterpart f that of Black creek ia Koutskiiien, The ik region of hicbigan 1s based on the same formation ag that of Canada, Michigan possesses extensive ‘‘gum beds”? or deposits of bitumen, ofiaa hardewed inte asphalt. There exists tn parts of the State enormous ac- cumulations of infammable gas, than which noaymptom more favorabje couldexist. ‘Ihe ouly differences between the two regions are these: Michigan embraces the greas 88 Of the oil formation, while the soil of Caoada reste only on its outskirts. Tbe escape of gas ou the Mich! side is violent and enormous im quantity. On the Cama dian side it is generally feebic aud limited in emount, or almost wanting. Whatever differences exist are ali im favor of Michigan, Such are the claims of the Michigan oll region te @ Rotice in the HzgaLp. Interesting to Visitors to the Ponnsyl- vania O11 Regio TO THE BDITOR OF THE HERALD. PaiLapeiruts, Nov. 9, 1864, 4s many of your numerous readers may be about to visit the oil regioa in Venango county, Pa., I will, with your permission, give them a few suggestions, such as & should have been very glad to have had, and which may result inap increase of comfort in getting thoro, amd afford opportunities of examining and purchasing very valuable oil territory at low prices which have beem neglected elmply because this region is almost ioacces- sible by the usual route. The traveller, wuen starting from New York or Phiiadeiphia, should secure a ticket to Irvine (on the Alleghany river, below Warren), by the ew road to Erie, by the way of Williamsport and Sunbury. At Irvine @ skiff cau be purchased at a email price, and the current will carry the passengers a¢ the rate of threo or four miles per hour down to Vil City, distant about filty miles, afiordiug a splendid view of this magnificent stream, with every facility for prospecting oa the propertien along the entire route, with good hotels at Tideoute, Tionesta and President to stop at.’ In this way the trip can be made at Jess cost than by the usual route, and with very little fatigue. The indications of good oil territory op the Alleghany river and tributaries are cousidered fully equal to what they were on Oil creek and Cherry rup at the commencement of operations on those streams, There are mavy wells on the Alleghany river that bave been yieldiog of steadily for the last four years, and every well thas has been bored to the depth of one hundred and sixty fect has found oil, Tne competition for property 1 Bot pear #) great as in the Oil creck region; consequently purchases may be made at one-tenth or one-twentietm of the prices, acd jands may be leased on very favorable terms, avd it is worthy of consideration that tho Alle» gdany river oil is worth one doliar per barrel more thag that rom Oil creek, and coats about one dollar per barret less for transportation, This trip really very desirabie,and mag be made more comfortably than by Titusville and down to OM City. At the same time it affords the purchaser aa opportunity of choeaing between lands at very litte above the price of farm lands and those at thousands per wore. THE ST. ALBANS RAID. Interesting Canadian View of the St, Albans Raid. (From the bor EXTRADITION—LIRUTENANT YOUNG'S COMMISSION, ‘Atter what bas beeo already said, with the objest of showing the impossibiity of eurrendering the St. Albane raiders without acting in Opposition to, or at least Deyood th: law, it would be only affectation to delicacy about the digcuasion of the points which may be involved ia the decision which Mr. Courso! will shorsiy Bave togive. Ap impression seems to exist in some quarters that Lieutenant Young had only to produce bis Commission, and perbaps some orders from bis goverm mont, directing him speciailyor generally todo what se did in ordor to make out for his acte at St. Aibans, such @ Juati@cation as would oblige, the Canadian Judge to order Bis mncdiate discharge. We think this 1 as ithely fo turm ow an erroneous vivw of the law, in order to compre- Title the qroUDae upee whien extradition treaties are title ox! agreed to, the in the present case the basis of uno: whioh our judges must ‘The idoa whic! afl Guch treaties then) ts, that the nations between which they are stipuiated, consider each other to be on someting lie the same level of civil ization—at any rate to this extent, that the Criminal Courts of each one, however diiieroat their forms will 60 substantial justice, {t is @ mistake to suppose that there: is no extradition without treaty Long before these treaties were made, cations and governments claimed and surrecdered criminals. But ander the ordisary law of ‘pations, comity oaly obliged the restoration of orimt- nals whe were supposed by the coaniry io whichthey had taken refuge, te be guilty ef aa offence against be- maoity. Though in practice, especially im recent times, goveroments called om to surreader criminals did se witheut exacting vory conolusive proof of the guil® -of the aecused, the theory was that the govere- ment wader which the accused bad taken shelter could aot be rightfully eallea to give bim up withous Baving itself obtained the conviction that be ought to be punished. This 1s what bas been changed by the sign! Of extradition treaties. These are compacts by the parties to them mutually testify their respect fer and confidence in the administration of justice by ome amother, 60 ag to get rid of the obligation of trying the who are accused, This duty is expressly receg- ized as belonging to the courts baving jurisdiction over the territory whore the criminal act in question may bave been committed, and all the government which is asked to eurrender reserves to itself uw the power and right of ascertaining that there is a prima face case The magistrate under our earlier statutes, or the jadge at pre> sent, seized Of @ case in which extradition is demanded, bas ne more duty or right, as wo understand the law, to try the prisoner and accept a defence tura, fog on lependent facts, apart from the alleged ace, and yor supposed to justify acd excuse ft, tham he would have'to go tuto similar pretensions if the ee cused crime bad beea commitied within bis own jurisdie jon, and tbe question be‘ore him was if the prisoners ould be committed f Commitiat for trial is im @ that of Canada, 18 Sti cold soil, clothed an of the party accused, 19 the case of ao offence withia Jurisdiction, committal fcr tria! by our own cour ip the casi 10 offence 10 a foreiga territory, comentttel those courts to whict we nave by treaty ir te fos charged with offences on that g 1g MAZIBIFALe, OF the judge wi atradition treaty, must ancoubidiy take tntice ot all the actual circumstances of the offence, the disclosure , evitatly oocurred in describing @ is pu of crimes in the States we - ricer Po! It may b + ecase, judicee Makes 80 exceptions oa that conoenee t eer doubtless assumed that the administration of Jur each other's courte upon such accused persons should surrender would be uprigh the: Stipulation for exception coururof the other to be seoms to us, therefor: Pp Young's commision from the Confederat 67 i be @ full reply bo the charge, in law eannel be for his discharge by the comming magutrate. ‘We must, Rowever, add to this perhaps somewhes teobaical view, the opinion that on the merits of the case Bo commission in (he world ean convert the acts done ng St, Albans from eri offences into acts of warfare, They seem to os to be invested with none of the marks which distingu! war from pillage and murder. It ts Bot nitions which will exclude acts of viotence which are not war, and yet include all that are. But the commen sease of mankind caanet 0 very fag wa judging of eseh case on its own Tt cam certainly never be held that ome or a few individuals stealing inte a country to commit tre. lated acts of Gtvassina/ion and votbery are making henore- maa who murdered the Prince Sa er pa fe lastly, the man to whom Bonaparte left a legacy for his attempt to aspassinate Wellington, would all cease to be infamous and become honorabie warriors, if they could pn A oad Leen pred aa Phillip If. bad gives Uvely bad a hand, These ‘hind ar ‘pictnty ootaer, can any commission or orders mak. Something ought to be iteeif, That doc government, evem 6 ground It #0, 1 ov of fact.) toor gi courts cannot ize @ document in coniroversion of our own laws and of the Queen's proclamation of neutralitw. pe oe magietes ‘ieaey a ity to tas 1 be wri or iuen toare ae abc we ce Candia Ir wyers rate, unereaoe we ter no international an incentive to study {on to be decided in this case ar: Mon treaty, but nevertheless it ia volves of international law, We all know. from 19 the Anderson case bew muck room there @ opinion in deciding oases under ph to give and the Ii it this 0 Pollen magica, who W probably bot eveu 8 lawyer