The New York Herald Newspaper, December 18, 1865, Page 2

2 a FINANCIAL AND COMMERCIAL. Sunpay, Deo, 17, 1865. The week just conclided ene on the Stock Exchange, all the leading securitics being in demand at advancing quotations. The rise was most marked in Clevelaud and Toledo and Cleveland and Pittsburg, the former selling as high as 115 on Saturday, against 105 at the same time in the previous week, and the latter at 973; (counting the 4 per cent dividend), ‘against 023; on Friday. Oh’ and Mississippi certificates wore also active, aud advanced about 2 per cent under the highly favorabiv statement of its earnings and expen- | ditures submitted at tho recent annual meeting of the company, New York Central, on the other haud, was depressed by the unfavorable character of the annual report of the company, but it subsequently recovered most of the decline. Tho market, including the miscel- faneous list, in which Schuylkill and Mariposa preferred were the favorites, closed strong and somewhat excited, Cloveland and Pittsburg being the most active and buoy- ant, selling at 93, The closing quotations at the pre- vious three o'clock open board were New York Central 9635, Erie 93%, Hudson River 10933, Reading (ex ten per cent dividend) 106%, Michigan Southern 7646, Pitts- burg 924, Cleveland ond Toledo 11434, Northwestern 93654, preferred 62%;, Fort Wayne 106, Ohio and Méssis- aippi certificates 2934, Schuylkill Coal 154. Government securiti*s were unusually buoyant under the prevailing monetary ease and the publication of the ‘Treasury report. ‘Tho gold market strengthened from 144%;—the lowest point touched—on Monday, to 146% on Friday; but from this point it rea ted, and civsed on Saturday at 145% a 146, Loans were made in most cases tut eurly in the week, after which 143 per cent interest was generally paid upon tho currency borrowed. The shipments for re week wore considerable, aggregating $1,420,929. ‘The demand for customs duties amounted to $2,202,000, Foreign exchang® was frm, teading drawers asking 10924 9 46 for the'r sixty day! bills at the close, but with- out finding many buyers willing to give more than 1094 The argument of the bankers is that the imports are likely to continue large, those at this port for the week ending on the 16:h inst, having been valued at $6,743,248, while no material increase ts probable in our export trade, as the cotton In the country ts likely to leave it slowly, owing to the prospect o! ervater gearcity anda higher price for the staple future. The next crop is not gonerally expected tot ently large to depross the market, aud meanwii nt stock wil! have been considerably reduced. i the yield of the crop y future of the cotton several years. Thi solved, and the p: must necesarily pre » pre: rtber, the doubt concerning ated this year extends to the growl in the Soutbern States for labor question is by no means tieal reconstruction of the South ho permanent reorganization ofthe system, ‘This consideration does much towards Keeping cotton alous owenty per ent only below the highest poin. yeaehed during the late war, The Briti h pion during the present year has averaged 39 54) Vales por week. It is que able whether our stoc hand a million of dates, and whether the quarters of a million © and afterwards from Ke: China and Japan will, ¢ it was this year; for the « tively ceased in portion growing crop will reach three The supply next year 1, India, Peru, Turkey, fall far short of what tion has compara ‘ountries where the nbtless, nuton eutti i tho: stimulus of a high prot had before directed Iubor from, its accustomed channer, the cotton panic which followed the close of the wor here having proved dis- astrous to cotton growers and = ing sed «them for planting fresh roy. Midd Orleans, which had sold at 274d. stern’ per pound in the Liverpaol market in November, 164, fell to 1aigd. in April, 1965, since Which it tins steadily reacted to 20d. Fair Egyptian, which at tho ame period had sold at 281d. and fair Sural, which had sold at 20d., fell in like ma and 10d. resnectively, But fair Egyptian is now quoted at 21d. per pound and fair Surat at 163z¢., These ruinous fuctuations were the result of doubts and miscalculations; ant +o long as cotton prospects remain as indefinite as they stilt are, more or less violent flac tuations will continuc to disturb the market, Surat hus already risen a hundred per cent since ihe pavic of April, and other kinds seventy to seventy-live per cent, and the indications fuyor a further advance. It is not surpris ing, therefore, that although cotton is accumulating both here and at the Gulf ports very Little of it is being shipped; the exports from this port for the wee ending on Thursday last having been 8,674 bales, while the recoipta wero 31,592 balos, making 632,682 bales since July 1, The exports during the same time aggre- gated 160,866 bales, The stock on hand at Savannah on the 9th inst. was 1,045 bales, at Mobile 64,309 bales, at New Orleans, on tho 13th, 146,000 bales; at Galveston, on the 2d, 20,174 balon, The recent loves upon cotton by fire in this city have caused an advance of five per cent in the rate of inanrance, The sooner Congress acts upon the President's recon- struction policy the sooner we shall have cheap cottor meanwhile cotton will be hoarded, and the foreign e: change market will remain firm, notwithstanding tho re- Juctance of importers tu buy ut current rates, Tho money market was, throughout, but particularly at the close of the wee!:, easy, call joans being made freely at seven per cent, with not a few exceptions at six. As the balance in the Sub-Treasury at tho came time had increased to $79,059,532, the probabilities are that there will be a coutinuan { monctary ease at this centre, under which speculation on the Stock Exchange wili be encouraged. the disbursement of the semi- annual interest on three hundred millions of the s thirty loan has been go.ng forward since Friday morning; but only about a quarter of the 210,950,000 has yet been paid. The following table shows the quote ing shares at the first session of the tho close of each of the lust four wer a 26. Dee. ons of the lead- Stock Exchange at Dee. 9. Dee. 1G 1 Alton & Ter, Haute pref. 72 Canton Company . 46 Cloveland & Pritsburg. o% Cleveland & Toledo. Thicago & Northwestern pf jurtingtor vy. Gentrat Voal a} Cas ae mberland ww Sf Delaware & Hudson Canat, 147, 6; Michigan Central. Michigan Southern. New York & Erie prof. Ohio & Mississippi cor. .... 29 Pittaburg & Fort Wayne, .105%¢ oS < Mining. «ATs a fing Railroad, 16% a 16° «116% The shipments of gpectozfrom the port of New York last week and since January 1 compare ax follows with the exports during the same time last yeur: $1, 20,0 er $29,264,136 Excoes in 1964... ve B1S,476,214 The aggregate value of the imports, other than dry goods and specie, at this port during the week ending December 15 was $3,366,700, The total imports of the week compare as follows :— Week Ending Nav, 90, Dev $1,994,024 $1,994 General merchandise. 149,605 1,451, 2565 Total... sees e+e $6,149,029 $3 ‘The Now York imports of dry goods tows: — For the Weel 1863, 1864. 18¢ Entered at tho «$1,345,201 $31 2, ‘Thrown on marke 027,140 463,888 3,072,7 Since Jan. 1. Entered at the po 64,435,176 70,656,899 86,152,407 Thrown on market, ...61,706,622 66,657,841 $7,502,040 The Michigan Central Raitroad Company has declared & dividend of $5 per share, payable Jannary 1, to holders of stock 20th inst, The Old Colony gnd Newport Railroad Compony bas declare a dividend of $4 per share, payable Jannary 1, to holders of stock 16th inst. The East River Savings Institution announce their ‘usual sem!-annual interest dividend of five and six per cont on sums entitled thereto, payable January 15, The aggregate amount of toile collected on the New York State canals, for the seazon just closed, cannot yet be ascertained, Up to the ist of December the amount ‘was as follows, compared with last year:— To Decomber 1, 1864 To December 1, 1866. 3,970,904 8,815,749 $165,154) ‘The indications aro that the aggrogate returns for the + @earon wilh reduce the loss. as given above, about ten was an active and hopeful NEW YORK HERALD, MONDAY, DECEMBER 36, 1865.) thousand dollars. This ie » more favorable result than was anticipat d doriug the suunmer. ‘The following countericlts on Now Jersey banks have recently beeu pat in circulation:—Threes altered from ones, on the Orange Bank, are announced; also tens on the Central Bank of New Jersey. Hightstown, raised from ones. Counterfeit ous on tho Bank of Occan County, Toms River, and on the Highland Bank, Hudson City. ‘The following named banks were authorized during the past wock, under the national banking system. The banks marked with an asterisk are such as had their ap- plications on file prior to July 1, 1865:— Location, ash The whole number of is 1,623, with an authorized Amount of circulation issued to the nati banks for the week ending Dec. 16, 1865, Total..... The following national banks have been designated as additional depositories of the public money :— ‘The Malone National Bank, New York. First—Seima, Alabarna, First—Galveston, Texas. The last statement of the condition of the banks of Rhode Isiand compares with their previous returns as 791,210 ot 875 —In Providence —Outof Providence— Now. 6, Der. 4, _ Nov, 6. Dee, 4. + $4,202,395 $4,389,305 $1,860,145 $1,459,022 1055,810 '842.708 "472,609 286,548 Specie... "32.296 32.23% 15.184 12,628 Circulation 1,081,052 1,250,836 528,936 426,903 ' Tho Pittsburg, Fort Wayne and Chicago Railroad earaed, during the month of November, $713,474, ‘The gross re- ceipts from June 1 to November 80 amount to $7,821,291, which is an increase over the traffic for the same time last year of $1,615,208, The earnings of the Chicago and Northwestern Rail- road, during the second week in December, amounted to $123,259. Same week in 1864, $115,233—increase, $8,025, CITY COMMERCIAL REPORT. arurpay, Deo. 16—6 P.M. Asnes.—Receipts, 15 packages. The market was quiet at yesterday's quetat ons. Breansrvrrs. —Receipts, 14,865 bbls, flour, 1,900 bush- els oats and 860 do, rye. The demand for State and Western flour was less active, but prices, though heavy, wore withovt material alteration. ‘The sales comprised 7,500 bbls, at our quotations subjoinet, Southern flour unchanged in every respect. The sules were 400 Canada flour was in moderate demand, and prices were steady, The sales were 250 bbls. « Rye flour was dull, but prices were nominally unvaried. Corn meal ‘dull and heavy, We quote.” ine and Western fleur, $7 00 a $7 50 tute. . - 81002 8 20 Choico Stato +8 25a 845 Coramon to medinm extra Ws ~~ 8 00a 840 Extra round hoop Obic .- $20 8 60 Western trade brands . 90a 965 Common Southern... 8a 97 Fancy and extra do. | 8 80a 15 00 Common Canadian. 81a 8 35 Good to choice and 8 40a 11 00 Rye flour (s: pertine) » 5500 6 25 Corn meal, Jersey 1450 Corn moa, Brandy eh” Corn meal, Brandy 24 00 0 24 50 Whe s again Be. a ler's favor, under a continved good demand from focal buyers. ‘The sales reached 65.000 bush Is at $2 49 for amber State, $1 83 a $185 for No. 1 Milwaukee, $190 for amber Milwa"kee, $1 60 a $1 80 for Chicago spring, and $1 60a $1 82 for Milwaukee club. The corn market was rather less active and somewhat heavy, though prices were without decided change. _ The sales wer® confined to 40,000 bushels at 8c, a95e, for unsound and 960. for sound mixed Western Tre Gemand for oats wes also more moderate, thouch prices remamed firm, The sales were at 48°, a for unsornd and 60c, a 63c. for sound. Ryo was inactive, but unchanged. Mait and barley were noclected and prices ruled entirely nominal; 6,500 EUROPE. _ Our Paris, Amsterdam and Ber- lin Correspondence. AMERICAN SECURITIES ABROAD. REVELATIONS OF PAST LIFE IN PARIS. Colorado Jewett Trying to Get Up a Con- gress of Sovereighs. German United States Citizens Reieased | from Military Service in Prussia. be. ke, Our Paris Correspondence. Pau, Dec, 1, 1865, Mexico—The Emperor Anzious to Get Out—Coloraio Jewett Snubbed ty the French Emperor—The Court at Compirgne—The Eliquelte and Manner of Passing the Time There-—Americans Moving Scuthward—Talking by Ele tricity—Nadar Coming to New York—Fatlures in the Demi-mondee-Two Fast Young Women—Thereea— Emptiness of Paris—American Gaycties—A Young American Pianist—John Milchel—Colorado Jewet!, dic, The little fact of the taking of Monterey by the Mexi- can liberals (if it be a fact) is not considered of suilicieut importance to be noticed by the government journals. On the contrary, if the Moniteur is to be believed, thore is now no further opposition worthy of the nate in Mexico to Maximilian, And yet tho Emperor giyos no sign of any intention of withdrawing, as he certainly ought to, now that his protégé has everything his own way and no longer requires his protection, ‘The Eu peror will do nothing now till he bas seen Pres dont Johnson's Message. What will he do thent I wish I could inform you. One thing Iknow—that he would Like, if he could do so honorably and without any loss to got out of Mexico, Find some bole big him to erawl out of, and you will see him making goo’ ‘ne on the back track. But where is the hole? 7 difficulty. T hav sing a little trip out to Compiegue, where th: ow is—not upon the invitation of his Majesty, ne oversight having neglected to in lies of invités, Without being an invité itis imporsible at this time, while the Court is here, to enter the palace, Tnever heard of bat one man who succeed in this, When Colorado Jewett first camo to Europe to consult with the different crowned heads here upon the beet and most expedition manner in which he could settle up the American war, he naturally addressed himectf first to the Emperor Napo- leon. Ho made eevera! attempis on the person of his Majesty, all of which, however, were rendered null by the frigidly polite replies of his venerable private Secretary, M. Mocquard, Jowett, however, with his im monse impudence and perseverance, was not to be put off in this way, and one evening, about ten o'clock, he took the railway tram for Compiegne. The next morning he went to the gates of the paince, and actually succeeded in forcing bis wey’ in aa far as the cabinet of M. Mocquard, and joining that of the Fmperor, As Le conld speak not a word of French, tuo porters probably took him for a “bon Anginis” who had been honored by the imperial invitation, *M, Mecquard, however, undeceived them by politely requesting Jéwet! to withdraw, which he did, v clude my name in cither of U Dushels of the falter sold at $1 for State. Corrn".—The demand continued good, both for cargos and in thejonbing way. The sales were 3,250 bags Rio, ex Escape, and 3,480 ba 6 do., Pollux, on private terms; both lots were taken on specuiation, Cor'os.—The market was without decided change. The sales were 2,700 bales, at ovr annexed quotations:— Upland, Florida, Mobile. N. 0. & 7, 41 46 a 4 ao 50 50 52 52 53 ued dull for grain, but cotton offored freely and rates tended upward. The ongacoment wore— To Liverpool, 7.000 bushels wheat at 5%/d., 400 bales cotton at 3d. # 11-32d. ; per steamer, 7,000 bushels corn at 6d,, 1,000 tea, beof at 38. Gl., 100 boxes bacon at 25; 1,300 baies cotton at $4. To London, 1,300 bbls flour 1s, 9d., 2,000 do. oileake at 18. 10',d. The charters wero— a British beig to Marsvlles, Genoa, Leghorn or Naples, petroleum, 78. ; 4 Danish brig to Pernambuco and Bahia, 5c. a $1, gold, port charges paid at Pernambuco; a brig from south side Cuba to New York, sugar, 60o., in gold; one to Trin dad, Cuba, and back, sugar 60c. and tnolasser 36; a schooner to Cedar Keys and back, codar, $22 per M.; one to ‘Portland, staves and sbooks, $600; one to Boston, staves, $11; a Bremen ship to Melbourne, a ship to Hong Kong and “hanghae, o bark to Buenos Ayres, a Danish brig to Pernambuco and Marsnham, i British ‘bark from Philadelphia to Aspin- a now schooner, four vovages, to Clonfucgos & port north of Hatteras; a British brig to Mi. Jago, Cuba and back, and a schooner, 147 tons, to Key West and Apalachicola, on private terms, Hors wore in moderate requost and provious fult pr y obtained. The sales embrace 125 bales, at from 10c. a 3c. for old crop and Sic, a 60c. for new Crop, as to quality. MoLasts was inactive, but prices remained the same, We hoard of no sales of sutti¢ent importance to report Prrronsra.— here was creater activity in both evade and refined, and prices wero firmer. The sales were abont 9,000’ bbls., at 41%c. a 4214c, on the spot, and for Derember and January delivery, 66c. a 67!;¢. for retived in bond, and Sde. a 86c. for free. Provistoxs.—Receipts, 44 bbls, pork, 664 do. beef, 190 pekus. cut meats 218 kegs lard. The pork market was irregular, opening firmer and closing heavy and say what lower, with sales o” mess at $28 75 regular. sales were’ principally for present delivery, embracing 8,000 bbls, at $28 75 0 $29 3734 for mess, and $26 9 $25 50 for prime moss, The be-t market was steady, with « fair demand. The sales covered 700 bbls, at Zila $14 for plain messy, and $14 a $17 for extra mess Beet hams were in Moderate demand and a trifle firmer, though not quotably hicher, Zhe sales were 300 bbls, at $32 2 $35 for State and Western. Bacon ruled to some extent m buyer's favor; the ses were confined to 700 bbls, mostly Cumberland cut, for carly detivery, at 14, somo for February sold at 14e, Cut meats were in moderate request at much larger prices; the sales wore 300 pkgs. at Le, a 196 for should. ers; Ide. a 17e. for hams, The lard market war steady with a fair demand; tho sales wore 600 pks, at I6c. a 20. Butter was steady, but rather quiet B8e, for Western, and stir, a bie, for State; the an extreme for fancy lots, Cheese was dull at ld. 4 19¢. for common to prime factory-made. Rick wos unchanged, with only small jobbing sales for conaunyption. SUGAR, —Raw wes duli and drooping; the sules were 100 hhds, Cuba muscovade at 1344¢. Retined was alee heavy, and nominaliy a trifle in buyers’ favor. quots!—Standard hards, 18340. a 18%c. Towacco was unchanged in every particular, the mar- ket continuing very quiet for all kinds. We note sales of 96 cases Connectiont at 16e,, and 30 cases fillers at 17e. ; also 70 hh pls, 2 rather mote steady, under sales of 200 bbls. at $2 32 a $2 ft. he market ruled a better demand. We note om Michigan Potato Trade. We | invitée arrive. returning to Paris, aud immediately sent olf another epis- tolary shot to the Emperor. I did not attempt to go in, but from one who has had the honor of spending a week in the old chateau havo obtained a knowledge of the routine of life there, which will be interesting to those who like (ax who docs not?) to know something of the sactal and comparatively unotticlat life of royalty. ‘The following is the letter of invitation :— Patace or tx ToreniKs. Movsmen—Ty order of the Emperor t have the honor to you are invited to passa week athe Palace from tho——— to ‘the ——— of November, st yo ving Parts at half-past three Brefock, and will conduet you to ths putace, * teccive tho ex. Pression of my distinguished consideration. BACCIOVUT, the First Chamberlain, An ecuyer awaits the vis tor at the station in Paris, and points out to him the seat he i# to take in the railway carriage and attends to the checking of his baggage. ‘Arrivod at Compiegne at five o'clock, a conrt carriage immediatety conducts him to the palace, where, in an anute-room Which he aret enters, he finds his name and the number of his apartment set against it, At the top of the staircase he is received by the marechaur des Ugis, who po nt out the apartments, The apartment is found all ready, a fire lighted, and the rooms comforta- Dly warm and candies burning. At seven o'clock a ser- vant conducts each visitor to the grand waiting room, in which the Emperor, with the Empress on bis arm, arrives at a quarter-past seven. Here the ladies are presented to the Empress and the gentiemen to the Emyeror, when all the guests follow their Majesties to the salie a manger, Whero the table 1s prepared for abouta hundred. The Emperor sits in the centre, the Empress viea-vi, and, on each side of’ their Majes- ties, persons of distinction. After these are placed the married cucsts, with their wives, then the bachelors, and at the foot of the teble the under chamberiains a ss attached to the paince. During the dinner, which lasts about an hour, a band discourses sweet ‘music, and in preference the pieces of the composers present. Dinner over, the Emperor rises, and all the guests follow his example. The servants placo tho Chair® against the wali, and each guest places himself in front of his chair, andthe Emperor and Empress pass around to the /a!n where coffe is rcrved. In this salon conversation, whist and dancing are the order. Once a week a theatrical representation is given, the artietes of some one of the Parisian theatres being transported to Compivgne for the purpose, The last piece played there was the sumille Henoiton of Sardon, und Sardon bad the honor the ext day of dining with their Majestics, ‘The author of the piece represented is usually invited to ( ne, but dines in another room with tho players, M. >ardon, however, having boing de- corated with the Order of the Legion’ of Honor, 1# von- aldored worthy to. “cut his mutton” in the presence of their Majestie®. At about eleven the Emperor retires to his cabinet, and works till midnight, the maining to'superintend the serving of tem night the party breaks up. During the week, while the gucsts remain, they are allawed the very largest liborty—remaining in their rooms, hunting, fishing, sketching, or doing anything they please. On last day, atter breakfast, all the gue-ts mect in the Grand Salon in their traveling suits, when they bow an adieu to the Eiapres#, and receive each one a shake of the hand from their imperial host. They leave goon after, and the next morning another set of ‘The Court wid! net return to Pars before the middle of December. A report of the most remarkable discovery comes to us from Itaty, An Italian savant is said to have discovered a process by which sound may be transmitted by an elec- trical current any distance, fo that two perzone—one in Rome and the other in Parie—may converse together, re. cognizing the cound of each other's voiges. Nadar is going to New York in the spring with his monster balloon, the “Giant. Nadar is @ universal genius, he is a writer of a good deal of wit and talent, an {From the Detroit Free Press, Dec. 10.) ‘The origin of the potato traffic in Michigan is so recent. that its history can be sunmed up ina few words. It was inaugurated by Mr. Shoecraft, of Seargis, St. Joseph nty, in the fall and winter of 1857-58. Ho bought at that time at fifteen to twenty cents per bushel, according to quality, aad shipped them to New York city. Of course the ainount of his shipments was rather smal since but few worth shipping could be obtained by bi d the facilities for transportation were not first cla He packed them in barrels and cent them in return em! grant cara, with a number of men with cach Jot, to ke: jires in the care to prevent the potatoes freezing, He alo shipped @ few in the same way to Chiengo, In 1868 or 1869 he brovght to Michigan, from New Jersey, @ quantity of the variety known as “peach blows.” He distributed the amount Drought by him to the farmers for seed, and pledged himseif to take in return, at twenty-five cents per bush- ol, all they could raise in two yeare from the seed fur- nikhed, ¢ farmers considered the price offered a most extraordinary oue, and gladly took advantage of the offer, From that time to this, but six or seven years, the trade has annually increased, and was this year much larger than ever before. Mr. Shoecraft’s operations were originally along the bine of the Michigan Southern Rail- road, where the amount of production has accordingly | really dncroased from year to year. Between White | Pigeon and Hudson it is estimated that there are more potatoes shipped than from all the rest of the State to- gether. In most of the other portions of the State the trade is much newer, the farmers having not yet become aware of the importance aud profit of rasing potn- toes, ‘This is particularly the case along the Hine of the Michigan Central Railroad, where the trade has never been carried on to any extent until within the past two or three years. Kighty-one thou- sand eivht hundred and fifty bishels have been shipped from the zevoral stations on the line of this road during the present season, The average price paid was forty cents per bushel, which gives the roond sum of $42,740 paid to the farmers for their potatoes. The shipments are ended for the present by the setting in of cold weather, The farmers through the region of country specified have heretofore, and have this year, kept back the bulk of their potatoes to sell in the spring, es they usually bring better prices at that scason of the Besides, they have thom on hand to feed tostock, in care they run short of other food. Taking into account the | amount already shipped with the amount still held back, the trade tn potatoes is of no inconsiderable importance, Mchigan has the facilities for ee enough to feed the whole people of the Tnited States, excellent caricaturist, ® photographer, a goo musician, ond finally, # firm believer im the practicability of ul navigation, to the study of which he devotes most of his time and attention here, There is a society here, consisi- ingof some six hundred members, among whom js the cel- ebrated Soreneaes ae mathematician, M. Babinet, who are endeavoring to?flect # prictical colution of the theory of Nadar, that to combat against the air a power heavier than the wir must be employed, To show how much at- tention is being given to the subject. of aerial navigation in France, I may state that more than nine hundred projects have been received by the association above re- ferred to within the past two years, There have been two serious failures in Paris during ‘the past week, Two of the bright particular stara of the demi-monde have “shot from their spheres,” or, to speak with more literal truth, have ‘‘bolted’’ from them, gone clean off, and left their creditors to mourn and weep, and self them out, Cora Pearl and Mademoiselle Keller, of the is have been obliged by a pressure from without, in form of bills long over. due, to lea ris for fresh fields and pastures new, and for fresh ft nd pockets newly lined with go! They have both played a very extensive game in the demi- world of Paris, Cora is'an English girl, and has always been the great rival of “Skittles.’’ Cora is younger, better looking and a better conversationist than ‘“Skit- tles,”? who is said to be exceedingly coarse and vulgar, She has a neat, pretty little figure, and drove her ponies in splendidstyle, She ocenpied elogant apartments in the Champs Elysees, at @ rent of forty thousand francs @ year, and sported diamonds and pearls worth two hun- dred thousand. Her creditors seized everything @ fow days since, She owed the modest little sum of four hendred and fifty thousand france, Her resources failed, and she’s gone to London. Kelfer wasan actress at the Palais Royal. She wes young and good looking ten years ago, and even latterly had an ay of diatleri: about her that was rather attractive, SheWas A Most accomplished and elegant dresser, and always at- tracted great attention at the races froin the richness of her tmbte. She received hundred francs @ month at the Palais Royal, and lived at an expense of tem thousand. One morning she eloped, leaving discousolate creditors with bills in ther Lands amounting to three hundred thousand fraves, which they wall probably [not tinmedi- ately receive. Both these young Jadies will doubtless find rich fools and Gunfident tradesmen enoagh to ruin yet before they become dieres or eomcierges. Now there will be no necessity of The; ranning away. She has just obtained an engagemrpt for anotly ear at the Cafe Chantant, the Aleagir, at three und: frames an evening, amounting tw more ‘and I have ewa b ‘0 ve be catled to the Tuibries. I do not beiieve tt. The Em- preas still sheds @ orrtain purifying ‘nfluence around tho Court, and I cannot believe she will suffer this creatire (who 'in Ni w Yor would be singing in some lager beer bg spc ing terribly of the empti Trades are ining ness of Pere te fact is, that iclasco majority af those who left to es:ape it st ll stay away to avoid Gho- Jera; and although sothing is now said it it, Tam as- sured by @ reliable medical man that there’ ure still about thirty cases & day in Paris, This, to bo sure, is nothing im a sity of two mélions of inhabi- noth S ut’ it is enough to keep strangers from coming here or citizens from returning. ‘The turn of the impuial family from Compiegne, which ill ako pe ey ‘the 20:h of December, will proba. by be the signal fur a general pilgriinage towards the edpital. ‘Amoricans aro hore in plenty, however, and the ay season has among your countrymen aircady commene Dr. Thomas W. Kvaus, the man whe makes evon his mperial Majesty “held his jaw,” or else holds it tor him, gave a splendid enteytainment on Tuceday evening at Ls house in the Avenue 1¢ !'Imperatrice, to about a hy ndre ‘American gentlemen This was cnt.rely a “Satay panty," and was kept up till ho sinati hot Bigelow rave a charming party or Wednesday ovening, at which were present ladies aud gentlemen from all portions of the country. The oveving was very much enlivened by the fine musical performances of Mr. J. Edwards Haner, a young New Yorker, Who is studying the pruno boro with the celebrated Stasmaty, and who will next year enter the Conservatoire, I prodict that this young American piamet will yet maxe a great name and reputation, ‘John Mitchel ig Aving quietly over in the Latio quar- ter. [hear that hy is quits ill, and sces nubody. Colo- rado Jowott is atillat the Grand Hotol, cus an immense splurge, is not il wt all and se -% yhody fo can, Whether he will reaew his attempts upon the per on of the Emperoml atn aot iniorined, although it, is probable that ho will, as his present business in Waris 16 tho are rangement of a Congress of soveroijns to meet hero daring the World’s Extubitiou, Our Amsterdam Correspondence. Axstenvam, Nov, 30, 1866. ‘The Exportation of United States Seeuritie—Its Ir flunce om theValeee of Moai C mmcdities—Pive-Twen tes Take the Place of Cotton—Lun pean Banke s Support the War for the Union—Th? Amsterdam Exchange Arbitrage — Tie Frankfort Exdange—The An'racti ns of the Cur- rency—Mr. McCudoch Propces a New Meanire—The Bo ‘crupt Condi im of Burepean aments, Most of your resdors ar+ probably aware that largo amourts of United States securities are owned by Dutch and German capita ists, and that the price of gold 1a as anxiously watebed 2y thousands upon ths bide of the ‘Atlanti as by the balls and bears of Wall treet; but few outside banking'ciscles, are likely to know to what ex- tent the exportation of government’ stocks alfects te | most commodities used by the people of the ABifth bellogvill, perhaps, be when she goes shopping in Broad price « United § surprised to b avenue / the price she vill havo to pay for her sif&s and other finery depends to a certain extent ov the supremany of the bulls or bears on the European exchanges, now will the parsiinonious housewife be tess alarmed when she is informed that the same may affect the price of ber nd tea, Jt tnay be quite “a bore” to a New York colic dand to be told how foreign capitalists estimate the financiat position of the country ; but when he his ta lor’s bit! hg wil! find it anything but @ under the contrg of that mysterious power, §0 many thousands of mies distant, which, under certain cireum- stances, has the power to or lowor the value of the greenbacks oyned by free and independent citizens. ‘This is, howewer, one of the evils of a paper currency Ib will no datbt be interesting to your readers to a brief accoung taid before them of the commercial influ ences which have already affected the financial posttion of the United States, and which aro likely, with the con- traction of the currency, still note to make their power folt in the futire. The price of forsign exchange, which affects thet of every imported aud of many domestic art ia, and has been for the last three years, preatly affected by tke exportation of United States securities. Five-twenties took, for the time, the place of cotton and tobacco, and when the rebellion rendered it, impossible to export Youthern produce to pay for imported goods, those government interest-benting bonds were exported to restore the bulancé of trade, It would be usetess to speculate on the effect this business has bad on the suc- cessful tormination of the war, or toguess at tho possible consequences of an increased exportation of specie and a proportionate depreciation of the currency at the com- mencerent of the war; but «o much 1s certain: that both Dateh and German capitalists take much credit to them- solvps for having, at critical periods, come to the assist ance of the United States government, and enabled il to carry on the strugglo to asuccessful issue, Commerce is a singulac'mixture of principle and self-interest, and bankers are of all business men most alive to the chances of the winning side, Tam, therefore, inclined to believe that their confidence in the restoration of the Union has had as much to do with those investments as their wishes for the abolition of slavery and the triumph of republi- con institutions, Before the rebellion there was byg a small amount of United States recuritics in Europe, as Eurgpean capital- isis could oblain a h gher interest by investing in some of the second rate European finds, and the government toans were, in fact, of too limited a character to admit of extensive operations with forcign exchanges. Th» great exportation of thos securities comm need about the j time that the first rise took place in gold, which enabled foreign purchasers to obtain them mach below par. Its effect was soon felt m the price of gold, which suddenty fell from seventy-two to thirty-five per cent, and which was crroncously attributed to some laws passed by Con- gress for prev re med the deprec ation of the currency. ‘This belie! thé officacy of lecislation for the regulation of commerce was very generally entertained, and led, at fA subsequent period, to another attempt in that direction with most disastrous results, Tnen it was admitted that the first great fall in the price of gold was not in the least cansed by Mr. Chase's manipulations, but the natu- ral result of the exportation of United States securities, It is calculated that over three handred millions of these bonds have in this manner found purchasers in Europe. Amaterdam and Frankfort bankers were tho first to bring them to market, and it is among them that tho most extensive operations still take piace, At first the Dusiness was in the hands of a few, who managed to clear a profit of five and sometimes ten per cent, boing | the difference in their valne on the New York and Eu- ropean Exchanges, and as come imported from two to three millions weekdy it will be seen that large fortunes were realized by those operations. Gradually, however, others entered the ring, and reduced the profit to two, sometimes only to one per cent, and in some cases they actually experienced a loss, which hasbeen the care with the five-twenties recently imported. As the Amsterdam and Frankfort Exchanges are thus identified with Ameri- can interests, the following brief eketch of the mode in which business is trangacted may not be uninteresting to the readers of the Heratp:— The Amsterdam Exchange is open for business from three to five o'clock daily, except Sundays, and is daily attended by about four thovsand men, comprising not only the bankers, but men of every trade and business, ‘The grocer and shipbroker, the dry goodsman and build. er—in fact, every calling, with the exception of the learned professions, is there daily represented, and, to facilitate business: every trade basa special ae wigned to it, so that there is not the least dimeult; finding among thie mass of beings any one with wi you have some business to transact. These fixed localities ure called ‘hoek"? (corner), » word which Coa Bt of ome Dutch names of New York, euch as “Sandy Hook,” ‘Kinderhook,’ in both of which the second o is a modern innovation the ancient ¢. “hoek asi to the stock to the left of the Exchange, and is easily distinguished from the otbere by dieordorly proceedings of the bulls and bears, oek"’ is again subdivided into emailer “hoeks” for Lin A distinct clase of stoc! which business i¢ done; bat the largest i¢ the one in which American stocks are bought and sold, To a stranger it boy the of ah Irish row Nelah, minus the pushing. elvowing and screaming; such a movin, fro th y am unsophisticated bystander, w initiated mysteries of stock business, would fancy it ly mert- ing place for bona fide bulls and bears clad in human apparel for the amusement of a phi ie public. And yet amid all this clamor the most delicate operations aro execnted, millions upon millions changing hands, afiect- ing the fortunes of all capitalists, and the Exchange of New York as well aa of ibny. There isa element introduced here in the stock business as yet unknown to the William street stockbrokers, which is known under the general term of “arbitrage,” and con- sists in the art of selling and buying simultaneously on the various Exchanges of Europe. For this purpose Jb offices are opened in every Enrvpean Exchange, y which bankers are made instantaneously acquainted with every fluctuation in other cities, and are thus enabled to derive immense profits thi their correspondents, who are continually on the alert for their prneipals’ order to bny or to soll, as the case may be. Vlien the Atlantic cable is laid, the of the “arbi. trageant” will be extended to the incts of Wail street, and will, of course, tend to oq whe Veoh reet, the American and European Exchanges. The ness of Amsterdam has this specilic feature: that all transactions are for cash ; which has the salutary effect of pudence than wi the intention of accepting their “pile” if the speculation succe ds, and closing the'+~ 2 Loe 1 case cuLy are losers. ! ne ‘tranea tions in Sects Gp ieee; as te to their fan- = all dve-twen- ‘they will only touch those « and of the other loans th before the war, ‘They de- light ta Utinois shares, bu to Btate stock: In Frankfort the transactions in American stocks form most important branch of the daily operations, and as it is not an exsential condition that cash be paid for them on the subsequent day, @ large class of spe.ulators op: rate on “Primo” and “Medio” {the tirst and middle of tho month), and pay or recive the difference between the official prices of thoze days. In all other respects thane is no césential ditterence between the Ami German stock bus As a good deal has been written in the United States about the -enera! feeling ot European bankers regarding the contraction of the currency, it may nob be out oF place to remark that most of those speakom and writers who protond to express the sent ments of Dutch or Ger- man capital'sts rather reflect their own wishes than those of foreigners. I have spoken on the subject with tho leading bankers, and have found that thongh tuey all advocate & contraction of the currency ‘a are still more anxious that it should be dono fually disturbing the commeroial prosperity of the country. ‘Thoy rightly argue that a sudden contraction of the cur- rency must necessarily | ad to a depreciation of United states securities, that tho Kuropean markets will bo flooded with them for the purpose of obtaining ia return shipments of speci2, and that more injury would be dono to tho tinancial credit of the country by such @ hasty conversion than vy a prolonged cou- tinuance of an irrede*maht» papor currency. It is vory generally believed that the annual surplus of revenue ‘ovor tho nati expenditure will suffi to withdraw from circulation all the paper corrency within five or tou ears. Tho recont fall .n the value of American stocks ak Deon caused by an approbended inessurs for the sud- don contraction of the carren y. It may not bo known in Now York, as it is protty gen- orally hero, shat Mr. Me“ulloch proposes to encourago javestinont# In United ststex stocks by makin: the in terest payable on the leading Exchanges of Europe. This is a wise measure, and will be of great advantage to minal capitalists, who ¢o net lke to make their income dependent. on the variable fluctuation af exchango, while the benoMt to the government will consint fu an imm nscly inoreased demand for their securities by a clase of men who ds not buy for the xake of sclling a-ain at the first sign of tinancia! disturban:es, but who intend to keep them until pad off in gold, ‘Tio time ts favorabio for this measure, beva se there wre but very few stocks at present that command the contidence of capitalists. ‘Austria, Ruwia, Italy and spain are: in the very worst ‘@manc.a! condition, and shose countries that are solvent, auch as Kagland and Holland, afurd their creditors no more than trce or four per cout. ‘There are, there"ore, immens «capitals awaiting some such a measure ag pro- posed by Mr. McCulloch to be transferred from tho Eu- Topoan to the American market & Oar Berlin Correspondence. Bu ix, Nov, 29, 1865, God Mews for Adepled American Citicen—The Spania: a> tn Chite—The Puvcpean Powers and the United Stats— Death of De, Barth, the African Traveller, de. A Prsssian semi-official journal states that the Minis- ters of War and of the Interior bave issued instructions to the local authorities of the Rbenish provinces, dated Anguat 12, by which tbe principle is established that hot only the rights but the duties of Prussian subjects: ceas with their unauthorized absence from the country for at least ten y ars, and that among those duties tho performance of military service is in luded. If this stutement is correct (though it seems strange that it should only be pubilzhed now), and if the rule extends nat onty to the Rhenish provinces but to the wholo monarchy, everything i# granted which the United States Lave always claimed for their adopted citizeus af Ger man’ descent, but which the Prussian government has hitherto constantly refused to accede to, I am not aware whether the decision now arrived at by Prussia is due to tho action of the American government, or whether it was thought advisable to anticipate such ac- tion by atimely surrender of the disputed prince ple; Dut, at all events, it will be highly satisfactory to x nu merous clase uf American citizens, ‘The doings of the Spaniwrds in Chile have caused no little excitement in the manufacturing circles of Ger y, Whose transactions with that republic are exten sive and highiy prafitable, Quite ‘a number oF German honses are established! at Valparaiso, and the interrup- tion of business communications with thom would.be a serioks blow for their correspondents, and for somo branches of industry would be porfectly ruinous. How- ever, if, ag is stated in accounts from Paris, the Cabinet of Madrid has infurmed the governments of France and England that it ia ready to nocept their mediation, and that orders have boen sent to Admiral Paroja not to attack the Chilean ports, this affair is likely to blow over without leading to the unpleasant consoq“oncos that were anticipated. It 43 generally remarked how tuch more anxious Yrance and England aro,to interpose their good offices in the present case than when Spain porpetrated a similar act of aggression against Peru, which was rather upplauded than otherwise by the European Powers, who seemed halfdaclined to establish empire in Peru aga pendant to Louis Napoleon's Mexican abor- tion, Thimgs are very much changed since then, and the European Powors are as solicitous to avoid evorything that may give umbrago to the Washington Cabinet and arouse its recollections of the Monroe Doc- trine, as at the time they were carcloxs of offending it. ‘the Paris correspondent of a Hertin, paper relates: a carious instance uf the nervousness with which tho French government are seized nowadays at the prospect of any Collision, or even of any angry discus. sion, with the United States, “The Emperor of Brazit had had several war steamers built ‘n French docks to bo used against Paraguay, and had ordered others; but the former have aot been allowed to euil and the latter have had to be trausferred to English shipbuilders. The French arma‘eurs romonstrated in vain with the Min'ster of Commer ¢, poit ut that England would profit by their loss, when, after ail, Brazil would not be prevented from attaining her object. The governthent rejected all their petitions, evidently for fear of offenaing the United States, and not from any particalar regard for Paraguay.” It strikes me, though, that the Emperor oi Brazil has lately married his daughter and — hoires< to a prince of the House of Orleans, which may partly explain the sudden rgor displayed by the French government against Brazilian armaments. It is well known that the antipathy of Louis Napoleon to the Orleans family amounts almost to movomania, and wonder; he owed his life to old Louis PP showed his gratitade by confiscating his children’s pro- perty. It is always more difficult, says La Rochefou- ‘cault, to forzive a favor than an injury. ‘The Court are exceedingly annoyed at the en- gpsemest of the Princess Helene, of England, third ter of Queen Victoria, to a younger brother of the Duke of Auguetonburg. The intelligence was ite unexpected, as it wae always belicved that the Princess would marry Prinee Elimar, of Olden- burg, who is @ perona grva in their régime. ‘Thus, by a strange coincidence, Queen Victoria will be nearly related vo all the three contending parties in the straygle for the inheritance of Schleswig-Holste'n. Her son ig the son-in taw of the King of Denmark, who was stri of half bis dominions hy the father-in-law , of her oldest daughter, ostensibly to vindicate the claims of her younger daughter's brother-in-law, who is now being Choused out of lus birthright by his pretended patron. They must be a happy family when. they all come On Saturday the celebrated African traveller, Dr. Henry Barth, died here, rather suddenly, in the forty.tifth year of his'age. Barth was the son of » butcher in Hamburg, and was originally intended for tho paternabprofession, bot, ev: A predilection for scientific pursuits, was allowed to atthe Borlin University, where he at. the eegreptae Bite baat par tr La Ital; % on ter, After travelling in Italy, Spain, Greece, Arabla and Morocco, he commenced in 1850 his Journey to the interior of Africa, which has xiven him a distinguished place among the geographical discoverers of our age. He returned to Europe in 1455, and ished the resuit of his investigations in a work which was ? the learned world, and_ has, I be- in the United States. Since then rsions in Eastern Europe aud tof undertaking an ex- his career was cut short News from Maracaibo. DEATH OF UNITED STATES CONSUL DIOSsY—CROP PROSPRCTE—STATE OF THE COUNTRY, ETC. The British brig Harriet, Wm. McDonald master, at- rived at this port yesterday, with advices from Maracaibo to November 17. © tober, and took charge of the Cousulate the next . On the 12th [igremeer bs vas (anen antes Be . i Ho was then removed. to the hospital, where he died on ey Wie be burfed on the afternoon of the 15th, in the Protestant Cemetery, where his remains will bo at the of his family. of the different im Maracaibo wore pe 1, ‘at half-mast, as also the flag at the President's the vessels In port. in Maracaibo for a good of the government was also quiet at present, ds of querilias menace the overthrow of Sutherland. nongt al President Obituary. HENRY M. MORVIT, OF BALTIMORE. ‘This well known Washington lawyer died at Baltimore on the Ist inst,, aged seventy. In 1836,avhile the recog- nition by the United States of the independence of Texas ‘was under Consideration, he was by President Andrew Jackson special commissioner to ascertain the eae civil and military condition of that country—a lelicate and important which he executed with fidelity, About ten Pee ago he took up his residence in Baltimore, and in 1861 was chosen one of the ropresentatives of that city im the Legislature of Maryland. THE WIDOW OF GOVERNOR BISSELT, OF TLLTNOTS. ‘The widow of the liam H. Bissell, of Illinois, on ay in Bellville, Til, on December 6. ' ly, She was a daughter ‘of Governor Kane, and a Indy of fine LOUISIANA. IMPOKTANT LEGISLATIVE PROCEEDINGS. General Banke Constitution of (868 to be Repudiated. It 1s Declared to Have Been the Creation of Fraud and Violence. . Arrival of General Scott at New Orleans. EXPLOSION OF THE DE &. soTo. to. Our New Uricans Vorrespondemee. New Onuzand,La , Deo. 5, 1865. ‘THM LOUISIANA LEGIBLATURE—OONVENTION OR NO CONVUN- ‘TION-—THAT’S THR QUESTION, The question as to whether a convention shall te called, thereby annulling the constitution of 1864, has been referred by the Senate to # constitutional eom- mittee by a vote of 25 to 7. The Conv-ntion of 1864 and its works havo few aup- porters in cither house—the mombors, almost to a man, deno incing them bitterly. General Bauks receives his share. Seuator Gibson said that he had “no affection for the promulgations and creatures of Banks, thos creatures of everything odtous and vile.” r Mr, Gibson argued against a convention at this time, as the State was not free, but under military rule. Mr, Mohan said that he had no further business 1 the Senate after « convention was called, thas being the sole object for which he was sent. Mr. Lott believed that Senator Mohan had mistaken his mission. Thoy were sent there to legislate for the people. Mr, Egan, of Claiborne, spoke in favor of Mr, Foute’s resolution to call a convention and repudiate the constitution of 1864. The forming of a new constitu- tion, he said, would not conilict with the genoral government at Washington; that even the radical party were opposed to a constitution “vested by merely military force, and that certain persone claming to be repr-sentatives from Lo-isiane, had beon refised seats in Congress without @ division. He proposed that the convention should recognize the fact of emunc.pation. Mr. Egan was opposed te the election of Senators at present, as that would be endoss- {ug the constitution of 1864, He was for a convention without Ivgisiation, if it could be had, Te sad that the members of the Senate, by the terms of thelr ele diva, under a programme, were committed in favor of a con- vention. ‘The following joint resolutions of the Senate of Louiai- ana, relative to federal rations, were offered by Mr. Whereas, it is eminently proper, and due. both to our conscituents and thé go.erninent, that this representative body, frevh from the people of the whyie rtate, the Arst which las assembled in Louisiana sinee the surrender, should give w public and unmistakable expression of ¢em: timent in regare to the situation; therefore, be it Resolved, That there is no spirit of resistance to federal authority among the people of Louisiana; that they frankly avowed their purposes aud objects in the late struggle for separate government, and, having failed i that, Urey now, with equal frankness, accept as the is- cvitahle Fesult the prosent situation, including the abslition of slavery, the re-cstablishment of which they de not expect. Resolved, That in the expression that “the people must be trusted,”’ Presid nt Johnson exhibited a thorpngh acquaintance with Southeru character, and eminent wsdom and siatesmanship; and that it is our firm resolve to justify this confidence and to sustain the President :n his offorts to restore these tates to represen- tation in Congress and a position of political equality im ¢ Union. Rosolved, That the poople of Louisiana, unreserved im their pro‘ession of loyalty, and, if permitted, that to the constitution of the United States and the Union of the States thersunder do they now look for their position, political bappiness and prosperity. A message was received from the House of Representa- tives concurcing in the above resolutions. To-day the report of the constitutional committee of fifteen has been received. The majority, through their chairman, Mr. McConnell, report as follows That the constituyion of 1864 was the creation of fraud ana 'violonon, and declared the necessity o a ay ieee wates to @ convention. ¢ report the means which the ion, Convention or Bo Convention, should be submitted to the the Governor to issue his proclamatio grounds as the late election to the General Asset > advocated the placing of two ballot boxes at each poll, which the electors should vote for or againat the convea- tion, and make choice of dele to that convention at the same time; in one ballot box should be veted the ticket, ( onvention or no Convention; in the other dele- gate tickets were to be voted. The returns were to be made in conformity with the wbove programme. ‘Tho m:nority report (Elam, chairman,) recognized the constitution of 1864 as bnding. Since the condition precedent to a restoration to the rights, immunities an@ priviteges of the Union is the tion of slavery, the ratificat'on of the constitutional ameudment, the repeal of the ordinance of secession, it was incumbent on the Legislature to cnact laws to that result. But the consti- tuton of 1864 bad already accomplished this end. Next Friday ix the day appointed {or the final decision in this matter. INAUGURATION, Tt was generally supposed that Governor Wells would appear before the Legislature yesterday for the purpose being inaugurated. ‘The disappointment was, how- over, great, when the following mosago was received Stare ov Louwtasa, Executive Di raxtaent, New Ontsans, Dec. 4, 1865, To 11e Honorate THe PRE IDENT OY THE SENATE :— Lrespectfally inform the General Assembly that I have thie day taken and stbseribed my oath of office as Gov- ernor ciect of the State, and, owing to the condition of my health, trest that I will be excused from appearing before the General Assembly to go through the ceremony of a publ c installation into office as arranged by them, J, MADISON WELL, Governor of Louisiana. ‘The Slar, however, gives an altogether different reasom for the Governor's failure to appear. We It wae members of the Legisia- meraily expected ure that Governor Wells woul! be inaugurated om the fourth Monday after the election, and to this end a joint committee of both houses waited om his Excellency ane morning to inform him of the wishes of tho General Assembly. The Governor, however, pi dadifierent interpretation upon the com- stitutional nsion, aud is satisfied that his inaugura- tion should not take before the second M londay January, as stated in article 4 of the constitution. In order, however, to prevent any undue ad peing taken of this apparent unwillinguess to be ini ed this time, he touk the oath of office before the Supreme Court, and is now the Governor duly qualified according to law. In this view of the matter the Governor is sue- tained by many of the best men of the Senate and who are satisfled that no inaugurative ceremonies be held until the regular seasion of tho Logislature im January next; at any rate this is the determination of the Governor, and there is no appeal.”” THK POURTH CORPS BEING MUSTERED OUT. The Fourth corps, stationed in Toxas, with the excep- tion of three regiments, is being oat. The Press Despatch. New Ontxas, Dec, 12, 1866. General Wintield Scott asrived this morning from New York om the steamer McClellan. A salute was fired im his honor. ‘The steamer De Soto, hence for Pascagoula, exploded her boiler, killing four persons, scalding four others and wounding the pilot and second engineer. In the Louisiana Logislature a bill was introduced pro- viding twenty thougaud dollars for @ dizabled federal amd Confederate goldiers’ and citizens’ bureau. The cotton crop in the parish of Nachitoches, La., amounts to four hundred bales all told. Inthe Terre Bonne parish the yield of cotton and sugar is very small. ‘The Galveston cotton market gave way on advice of = decline here and at New York. Holders were unwilling to yield. Stock offoring is light; middling at 28¢,, specie, exclusive of revenue tax. Sight exchange on New York paral discount, Froights to New York 1%. a 2%c. 5 by steamer to Liverpool, 1), —— Mut Coal Compan: ¥O THK RDITOR OF THE HERALD. Several complaints have emanated and appeared inthe papers from shareholders in mutual coal companies re- cently established in this city. These mutual companies profess to supply coal at cost, or about four dollars a ton below the regular market price. According to their published advertivements, each share of stock entitles the holder to a ton of coal per year on the terme ex- pressed above, But it appears that th pecribers are E.norally unable to get the coal to which they are enti tled, becanse the contracting company happens to ha either no supply or a very mem go one on hand. cases where & portion of the coal ali quality is nies ts excellent, reason to In has been detivered the stated to have been so bail as to unfit it for uve, The principle of mutual stock compa- when “ sareied ‘out; but there is fear that not a few of these organizat Py are mere speculations for the beneat y a few persona. The public will, therefore, do N ae em in the hope onm, Dec. 12, li ii i .