The New York Herald Newspaper, December 25, 1865, Page 2

2 FINANCIAL AND COMMERCIAL, -| 0 {hcp bus: Mabie. ‘Te market Glesed cary at 6 0:7 pot coat, and the disbursement of $8,471,140 in payment of currency | priced remained firm af yesterlay's advance. ‘were about 350 bbia” Canada flour was quiét ahd un- changed. The sales were confined to 200 bbis. Ryo four was dull but steady. Corn moal was quiet We “‘Boxpar, Dec. 24, 1865. ‘The past week witnessed an irregular and unsettled market on the Stock Exchange, during which the volume of business gradually diminished by the withdrawal of outside operators, in view of the holidays, but at the close a more buoyant feeling prevailed, and the disposi- tion to operate for a rise was in the ascendant. The break in Cleveland and Pittsburg caused by the election- eoring party selling out depressed the remainder of the railway list, with the exception of Erie, which remained ‘frm under @ semi-cornering process: engineered by a cer- tain clique. But although every effort was employed to rua the latter stock up, it failed to reach a higher point tha 97%, against 933, on Saturday, the 16th inst. Cor- nering Frio is @ very different affair from cornering Prairie du Chien. The corner yielded on Friday under large sales by individual speculators, and the price re- ended to 94%, but it soon recovered to 9554, and, at gthe three,o’clock board on Saturday it sold. at 9537. There ‘was at the same time a brisk demand for Cleveland and Pittsburg and old Southern, anda moderate inquiry for Obio and Mississippi certificates, based upon tbe largely increased earnings of the road and. the prospect of their ‘wltimate conversion into dividend-paying slures. The report of Thursday announcing Mr. McCuiloc’s depar- tare from Washington for this city induced the bears to hammer the market tothe best of their ability; bat on the whole the decline was light, and when it was fen that the Secretary had. not come to New York to borrow or to fund, or to resume specie paymonts at half-past nine next Tuesday morning, there was an evi- deat disinclination to put out fresh sharts. The Secretary expressed himself freoly while here, and acknowledged hus desire to witness av easy money market and a further advance in government securities, intimating, too; that, there was little probability of bis, having to come upon the market for a loan during the present fiscal year, and that no effort to fund any part of the floating debt would be made until afier Covgress had debated the financial question, and that whenever such funding took place ap easy moncy market Would be insured by all the means at tip disposal of the Treasury, 80 that the semi-strin- gency which attended the funding of the first fty mil- lions eould be gvoided. Goverument securities contmue firm, but the chief ity in Wem a from the transactions of brokers ratter thas the purchases of the public, and there is more wAlingness shown to inyest in low-priced railway, stocks t now than in any of the gold-reuring stocks, owing to the augmented earnings of all the railroads in the country. The stocky of most of these are at the same time aelling trom thirty to fifty per cent below their highest Printio the spring of 1864, while their earnings are much larger than they were then, They undoubtedly sol¢ fy above their real value at that time, and in some instat they are selling sbove their real value now; but Wo mist judge comparatively, and admit that so long as tho stocks of our leading companies are held to a large extontin Wall street they will always have a more or less ape price, tho range being sometimes above and sometiines below the reat value. It is not four years since Erle and Cloyejand and Pitisburg sold at 15, and both have aince soldat 120, In the first instance their low price was attributable \ the abseuce of that speculation which could foresee the future, and in the second speculation van mai, regardloxs of real valuos, and the panic of April, 1864, was the result, of which Mr, Chase has the honor of boing the immediate originator. Prices on the Stock Exchange are now nearer akin to real values than they generally are in 4 market supported by speculation, and thore is room for either a rise ora fall, according to ctreamstances, If the money market happencd to be stringent, and was likely to continue 80 for a consider- able length of time, we should, perhaps, be right in looking for a fall; but when it is easy, and likely to be- come still easjer and remaia 60 for an, indetinite period to come, there is nothing to interfere with, but every- thing to promote, speculation for a rise, and the wonder is that there is 80 much speculative apathy in view of the monetary facilities which are held out for active operations. The proverb says “‘Make hay while the sun shines,” but Wall street, contrary to its usual habit, is slow to act upon it just now. It, alike with the un- thinking part of the whole community, stands in dread of the dogma of contraetion and a return to spocie pay- meats. Everybody is afraid of being bitten by an imagi- Rary recoil, and has a vague idea that Congress or the Beeretary of the Treasury can bring about a speedy return to specie payments, whereas the contrary is the case, Neither Congress nor the Secrotary can achievo this rogult without the material resources with which to do Mt, and the accumulation of these will be the work of years, probably not less than ten, from the termination of the war. Contraction and resumption ‘azo becoming a bugbear, an illusion and a day dream ‘which it becomes s serious duty to dispel. There ie ao 00d to be gained, but positive harm to be dorived from isooanting an impossibility. The journalists who ad- vooate a returm to specie payments next year simply Know nothing of their subject, of the meaus by which this result is to be wrought and of tho impossibility of arriving at it within any such period as they prescribe ‘They also overlook or disregard tho cvil of inciting men to prepare for a contraction which will not take place till yonrs after the time thcy fix for the return to hard cash, and which, by disappointing expectations, tends to pro- duce further inflation of prices afterwards than would ‘Otherwise be the case. Thore will undoubtedly bo a ser.es Of revulsions of varying degrees of importance be- fore we are re-established on a specie basis; but there 1s nothing in the present aspect of affairs to render it wise to prepare fora crash, and it is worse than useless to anticrpate the evil day; for evil a panic would be while premature, and a general fall of prices would in no way assiat the resumption of specie payments; for there is not gold enough inthe country on which to resume if prices were only half what they are at preseut. There ia. a grvat deal of so-called patriotic rant and cant about this specie currency debt question, and the more it is divested of political, soctal and ‘moral ‘considerations and regarded ina purely scientific, fnangial spirit, the better. Just now unfiedged politicisns, who are unabic to distinguish *B from a’bull’s foot” in Mnance, find a ready source of capital in preachings about bon- traction and resumption; but in the minds of all thinking persons acquainted with (he facts relating to tho finan- ciat situation such bombast is nopsonsical in tho ex- treme But while we speak thus we are firm advocates of a retarn to specié payments as soon as practicable, and we hoid it the main thing to be kept in view in the man- agemont of our finances. We differ with tho radical con- tractionists both as to the means and the time of resump- tion, and base our calculations upon what is feasible, knowing by the history of other countries, and facts connected with our own, that their views are impossible of execution, and we therefore warn the people against being misled by them. The gold market was steady till Saturday, when it weakened to 1453; at the close, against 1465 a % av the opening. ‘The Sub-Treasury has not been a seller during the week, owing to its having ta pay coin interest on the Ist of January to the amount of $9,736,760 upon nine different descriptious of bonds. No part of this Interest will bo anticipated, and the Sub-Treasuries will commence disbursing it on the morning of Tuesday, January 2. Those holding thirty or more coupons can lodge thom at the Sub-Tr-asury and receive their checks on the 30th instant, Foroign exchange has been firm at 109‘, a 3 for bankers’ bills at sixty days, and leading drawers are indis- posed to relax their quotation. The imports continue heavy. Those for the month of October were valued at $23,134,675 in gold, against $10,033,208 for the corresponding month jast year. For the ten months of the year ending with Octobor, however, the im. ports wore less in value than for the eame period last year, being $171,458,669 for 1865 and $205,190,662 for 1864. The duties levied upon the dutiable goods dur. fog this time averaged about forty-eight por cent of their value, aggregating $82,490,671, against $60,041,118 tor the same time last year, The exports, on the other band, although nominally not very far short of the im ports in value, are, when reduced to the gold standard, About a third less, The exports for October were valued @t $25,753,409 in currency, and for the frst tom months Of the year at $167,925,763, against $24,704,026 last year, but allowanee must be made for the higher pre- tmivm@ op gold then current, The receipts for customs duties at this port last week amounted to $1,840,758, and the export of coin to $463,580. ‘The export of cot ton is light, the ehipments for the week ending on Thursday last having been 13,596 bales, while the receipts were only 18,065. The receipts at the Gulf porta have also fallen off very materially, and hence the market here as well as there has been strong, with an upward tenden ordi- nary Mobile and New Orleans closing at 41c. a 42c. per pound; good ordinary 46c. a 47., low middling 490. 8 600,, middling 62c., good middling ‘de. a 550. Tho Mock ot Now Oricans on the 16th inst. was roported to NEW YORK HERALD, MONDAY,” DECEMBER 25, YBB5~ i a interest on the pubiie- debt-in January, ax leo the pay- ment of a large aggrogate of dividends by public com- panies, is likely to contribute to an increased abundance of capital at this centre. ‘At the open board at three o'clock on Saturday New York Central sold at 954(, Brie 95%{, Cleveland and Pittsburg 84%, Michigan Southern 14%, Northwestern 3656, preferred 61%, Quicksilver 44, Sehuyiktit” Coat (8.10) 14, Afterwards Erie closed at 954 a 05%;, Michigan Southern 74% 2 75, Ohio aad Mississipp! ceetificates 29. ‘The following table shows the quotations of the lead- Ing sbares at the first session of the Stock Exchange at the close of each of the last four weeks: — St cke. Dec. 2. Dec. 9. Der. 16. Dic. 23. Atlantic Mail... 1 1” 14 ‘= America Coa! = sat 1K 14 Alton & Terre Haute RR... — “a _ um} Alton & Ter. Haute pref.. T2 = _ 72 Canton Company......... 46 46 Gy 4b + 98 04 ‘O16 He eland & Pittsburg, ‘Toledo. Pacitic Mail....... — — _— Pittsburg & Fort Wayne..1063¢ 105% 105%% +1054 Quieksiiver Mining, 2 AT 41% 47 43% Reading Railroad. . 164% 116 «116% = 107% Government securities were quoted oa each Satarday of the past four weeks as follows :-— Deo. 16, Dec. 23. Sixes of 1831 101% «10TH Sixes of 1867, - - - 125 Sixes of 1863. — — = no 'Ten-forties .. 9% OK 91% 92 Five-twenties of 1862.101% 100 108% — 103 Five-twenties of 1964. 99% 99% 100% 10034 Five-twenties of 1866. 99 99% 100% 100% Tend 3-10ths, Ist series 97% = 9T%H_—C*«CTH_C“‘éia Zand 3-10ths, 2dserios, 96% = 97 91K OR Tand 3-10ths, 34 series, 96% = 98% TK 97H One year 97 OT ig OTK O7% Fives of 1 - Saal 95 oT Fives of 1871. -- — 100 10056 ‘Tho aggrogato value ot the imports, other than dry goods and specie, at this port during the wook ending December 22 was $3,158,611. The toval mporta of tho week compare as follows:— Week Ending Dee, 9. Dec. 16. Dar. 23, Dry goods... $1,802,802 $2,377,548 $3,304,907 General mise. 1,451,256 3,868,700 3,158,011 44,058 $0,743,218 $6,403,013 The Now York imports of dry goods compare as (ol- lows:— For the Wi 1963. 1864 Entered at the port... $1,512,545 $435,780 Thrown on marke!,. 1,239,136 681,577 Since Jan. 1 Enterod at the port. 66,947,721 71,092,670 Thrown on market. $4,758 67,239,458 The shipments of specie from the port of New York last woek and since January 1 compare aa Coliows with the exports during the seine tume last year — 1865, Fifty-firat week. $463, Previously reporte 20,264,186 Total. - $48,996,611 $29,727,525 Excees in 181 . 19,268,056 The following bank is the only new orgauration un- der the national banking system made duriag the pro sont week :— ‘ Mochanics’ aud Tradors' Nationa! Bank, Now Previously authorized capital ‘The whole number of banks now -autho- rized is 1,624, with a capital of. . $406, 409,203 Amount of circulation issued to $600,000 405,809,203 The following national bank has been dosignated as an additional depository of the public moneys:—Georgia National Bank of Atlanta, Georgia. ‘The stocks of cotton in Kurope wore estimated aa fol- lows at the end of November in the present and two previous yearsand ou the let of January noxt :— 1866. 356,240 te a8 irae Show The movoment to construct a railroad from Onwego, N. Y., to this city has thus far resulted in the organiza- tion of a company with ten million dollars capital, the election of a board of directors, the opening of aubscrip- tion books and the beginning of a gubscription. This road will traverse important sections of Otsego, Schoba- rie, Delaware, Groene, Ulster and Sullivaa countica, which are now thirty to sixty miics from any facility for transportation and travel moro cffective than tho ordi- nary farmer's wagon. The counties traversed by the proposed road have seven buadred thousand inhabitants, whoreof hal’ a million will be customers to this road. Though but little more than belf thetr arca haa yot been improved, their farms are officially valued at one hua- dred and eighty miltions of dollars. ‘Tho Treasurer of the United States has written tho fol- lowing letter in reference to the taxation of the uadi- vided profits of national banks:— Taxascny oF tax Unrrp States, Wasminaton, Deo. 21, 1865. GextLewes—Your communication of the 13th instant was duly received. As d by you, T havo bad a full conversation with the ntaaioner of Internal Kev- enue tn to the points rawed thoreia, and the d in tho reply bas been by the fact that I havo 80 duty on deposits and on capital is fixed at the samo rate; 80 that, it being decided that profits were to pay duty, the duty under either head would be the same in amount, with the exception following: A fow banks may possibly own United States bonds in excos of their capital. In case profits were classed as capital, they would be entitled to deduct such bonds to « greater oxtent than they now do with profita classed as deposits, It is uot probable, however, that there are many banks that would be the gainers by tho differeat construction, ‘The Commissioner of Internal Revenue construes the faw under which be acts to require him to obtain pay- ment from all banks, national or State, of the taxcs on dividend and surplus, aud also to exact the license foes required by the same act. While it is true that the National Currency act, in providing for the semi-annual duty, specifies that this duty shall be in liew of all exist- ing taxes, it 0 that this provision is not applica- ble to the Internal Revenue act, which became a law sub- ot the National Ourrency act. uent to tho hi ‘amination given to the matter mado it evident that the item of surplus is now liable to pay tax or duty (o an extent groator than I had supposed, it has also resulted in the conviction that no change in the t reqairements could be made that would meet your views consistently with the construction given by each officer 10 the law under which ho acts. 1 desire here to state, however, what I have heretofore on soveral occasions liad opportunity to say, both ver- bafly and by wr.tten communications, that in my opiuion public policy requires that the surplus fund of a bank, to the extent, say, of twenty per contof the capita, should, under certain circumstances, be Kory from all duty. This view, I am pleased to know, has tho concurrence of tue Secretary of the Treasury, of the Commissionor of Internal Revenue, of the Comptroller of tho Currency, and of gentlemen in Congress who have given tho sub joct ther attention, It is proposed, therefore, by the Commissioner of Internal Revenue and by myself that at some early period in the seasion a moeting be hold of the offic rs named, in connection with mombers of the Com- mittee of and Means, and of the Committ iy Banking a! ucy of the House of Representatives, before which committee any or rolating to banks will Jrobably come for consideration, and it ia most likely (hat the result of such a consultation will bo the recou mendaiion to and adoption by Congress of a provision ox empting from duty or tax surplus funds to the extent Hamed, or at joast to such am extent as will greatly strengthen the banks by encouraging the accamulation find retention by them of surpluses. In regard to the matter of “daily settlement,” [ can only say that the present requirements were adopted by the Internal Revenue office, and by this office, afior a very full consideration given to the subject, and that the method of making returns of deposit required by both offices—that is, the balances on hand when the books of the bank aro closed for the day—has een deemed equi table and just. Very rospoct(ully, F. E. SPINNER, Troasuror Oniced Stavea CITY COOMMERCIAL REPORT. Satoroay, Doo 236 PM Arta, —Roceipta, 35 packagos The markot was dull, and prices remained entiroly nominal. Banavervyrs —Recoipta, 6,203 bbla Nour, 250 bags corn meal 2000 bushels vais and 960 do. malt. Tho domand ntoady Tho aslee were 7,000 bbls. at OBF ammerod quo- RencceSecenes® SSRsesssssases 181 susessssens i Oras unsound and 96c. a steady Ae tee for ureound and 606. and back on private terma. Mocassrs was quiet and nominal. We noto sdles of 46 hhds, Ciba muscovado at 47 Provestons.—Recoipts, 70 bbls. keof; 282 pkgs. cut moata, und 78 kogs lard. Tho pork market steady, under a moderate demand. ‘ho sales for present dolivery wore 6,000 bbls. at $28 12K a $28 40 for moss, closing at 317% regular; $24 a $24 50 for primo mess, and a $24 for tprime new mess. About 2, d for December and January delivery. sollor's option, part at $30 50, but mostly on private was atendy, with sales of 450 bbls, at $11 & $14 for old plain mess; $14 a $17 for old oxtra a new oxtra mess, and ict but firm, The sales were 200 34 50. Bacon was quiot and heavy. Gut ments wero unchanged. We note sales of 260 packa- gen at Llc, a 13c, for shouidors, and 18°. a 16c. for bams. Tard was in fa'r demand and prices wore higher. sales were 800 packages at 153¢. a19%<c., and 2,000 packages for January and February dehvory, sellor's op- tion, at 17340, 9 18c, Buttor was heavy, with gales at 203. 42c. for Wostern, and 20c. a 45c. for State. Cheese was qufet and unchanged TALLOW was quiet, with sales of 80,000 Iba. at 135<¢ Perrot ox continued dul and prices wore almost nomi- nal. The sales wero about 3,600 bbla at 403¢c. a Alc. for crude, 65c. a 65%c. for refined in bond, on the Apot; 62c. a 64c. for January and February and 620. a beef hams wore bbls, at $32 500 Rice wns entiroly nominal, with nothing doing outside A very small jobbing trade. Sugar was wac' together nominal. A very small salo was mado al 138¥c. tor Cuba muscovado, We noto sales by auction of 265 boxes Havana dam: at Srom L1gxc. a 12%0. netcash. Refined was wi nombnaily a trifle in buyer's favor. ‘Tonscco was dull and nominal. No apecial salea. Wan, —Receipts, 200 bbe doit, nnd only vory amall gales were made cloned heavy at $2 28, Tho market was vory ‘The market OFVICKERA PETITIONING CONGREAS TO IN- GREASE ‘NIEIR PAY Tho following memorial was submitted to Congross a fow days nince:— To me Hononsore Tue Sucite Avo House ow Rernasun- rAaTives OF Tan Unrrep Brates IN CONGRESS ASSEMBLED — The meraorial of the undersigned, officers of the navy, 18 that tho pay of your memorialists from tax, at a period when the cur- fran oatablisis freo rency of the country was gold and silver. that timo it was not mis perenne their ocomary expenAes, An hem without the pros} of providing for old ago or misfortuno. That since iod tho of tho neceasartos of 1ifo has moro than doubled in many instances. . That this increase of cont has boon provided for in civil employmont by oorres- ponding {ncrense of-salarios, the discipline of the navy to officers: while your momorialists, 2 penrance of officers which deforence te public sentiment A copy of tho following document has beon sent to of Congresa:— Navy Yano, Now York, officers of the navy, for au Mcroase of Sm—At a largo convened to mom their pay, the undoraignod wore appointed a committoe to convey information and secure unanimity of action on sho subjoct of we! ‘memorial. officers of the navy approach Congress with groat reluctance; but the absolute necossity of an addition to their prosent pay compels them to appeal to the justice and Morality of their count them to avoid the increase of debt, and sufforing it entaila. It must be well Known to all, by actual oxperisnos, that within tho last four years the cost of the necessaries: of fife baa more than doubled ; this bas borne with pecu- Har hardship upon the naval officer, whose pay, Oxed b; law, without rogard to tho value of tho currency in whic! itis paid, will not now procure half the necossaries it was been increased, and the im- been mocting of the rtaltse of the week 11,750 bales; stock 156, checks one-half discount. Gold 147. Freights dull. Tho pay of our seamon has como ofall others of our fellow mented to moot tho advauce of the mecbanic —— f auffictent for necessary exponser, Congress passed another law arly every grade in the navy, and deducting that reduced pay & tax of throe per cent, soon afterwards increased to five, and in addition an extra tax of five percent on pay which was already spent. sides, the income tax law operates with an inequality highly unfavorable to officers; for the amount paid by civilians for house rent ts oxompted {rom tax, while for officers thero ts no such exemption. ‘The condition of a naval of ofticer is poculiar: at home pected to maintain among his countrymen the social standing which their com mission has conforred upon him; abroad he is regarded as a his countrymen, and our people demand t! any cost, maintain such a position that they shall not be estimated at lesa than their exalted place nations of tho earth. Ho is the rociplent of public and vate civilities, accorded to him as an officer of the ited States, and the honor and di require of him a reciprocation of tl great majority of us are compelled to leave half oar pay at home, atiotted for the support of our families, and wo feel that tt needs no argument 0 convince ‘with our present pay, it ts hi tain the position required without inflicting upon our families, and inful privationa, Wo havo, during the rebellion, endured In silence, and with offorts at concealment, all oor sacrifices; we were sustained by the fond hope that the return of peace would restore the former standard of pri rr ity of bis countey us by publi sentiment, ‘Ourselves, the , but that hope wy, aa will save us Crom acouM@alaiog debt and io. are sure that our countrymen in crusbiog the dony nothing more than ow pride, point to the deeds of tor and many others of inferior may, with pardond gut, Dupont, Foote, P as {Ithstrative of the general character of the sor vice—tts loyalty and patriotiam, no leas than ite valor. IL is true that a number of officors have received con siderable sums of prize money, but the vast majority of us have received none at all, or very amall amonnta. In these cirenmatances we have been compelled to re sort to the ovly modo of relief which appears to be open to us, that of «memorial, for whilo out brethren of the army have been numerously and cloquontly roy im Congress, no representative of the pavy im their halls to plead for ua Believing, ne that our surest rem and liberality of Congress, we confident; cause to the consideration of that august apoctfally solicit for it also your individual support and We have the honor to be, vory respectfully, your obo. diont servants, ee will bo found Kit. n and Chairman, JL. WORDEN, Captain, G. RK BARRY, Paymaator, W. KING, Chicf Engineer, IRLD, Surgeon, BENHAM, Commander, as Binding—Resolution Protesting Against the Reception of Senaters Hahn and Cutler im tho United States Senateo—Attempt ofthe New Orieans Bill Brokers to Depreciate the National Currency, de. OUB NEW ORLBANS CORRESPONDENCE. New Onuxans, La., Deo. 12, 1865. ‘THE LOUISIANA LAGISLATURE. The following is the minority report of the committee of fifteen as to whether the [Convention of 1864 re- mains good, or whether another convention be called :— ‘The undersigned, members of the special committee of fifteen, to whom was referred the bill entitled ‘An binding and, ausoe, and tt ‘appearing manifest to the government at Washington, the undersigned see no necessity at this time for jing convention. But if such should bo the sense of this Genoral Assombly, then they recommend that the calling of aconvention be postponed until their meeting on tho first Monday in January, 1866, because it is probable that the action of both houses of the federal Congress on the question as to the admission of the Senators and Rep- resentatives from the Southern States will have been as- certained by that time, which mij materially and jastly tnfluence our action on this subject. |. B. ELAM, A. W_ WALKER, H. BOYCI FRED. GATES, ELBERT GANTT. Mc. Halsey and Mr. Tucker argued for a postponement of action. ? Mr. McConnell endeavored to show that the members lect wore pledged to vote for the calling of @ conven- tion, and safd that the constitution of 1964 was not mado by the people of Louisiana. ‘Tho joint resolution, appo nting-a special committee of both bouses for the purpose of collecting evidence aud Rens against the rece) of Se rs Hahn and utler in the United States Senate, was take up. Tho rules Were suspended, the resolution underwent its sev- eral readings and was finally passed. Tho Chair appointed Mesars. Hough, Abney and Arm- atrong on this committee-—joint resolution relative to the election of the Hon. Randall Hunt and Henry Boyco as Senators to represont tho dtate of Louisiana in the United Stat s Senate. On motion the rules were suspended ang the resolation read a second time. ok r, Konner objected to the 6 re. solution. He thought the resolution etate the ofcommencement and ending. of éach term, and that the resolation tio over until this informa- Mr. Abney offored an act to Sapreme wore and the bill referred tothe Committee on Judiciary. * THE NATIONAL CURRENCY. ‘The following notice, published in the New Orleans Papers of this ‘morning, ‘eaused considerable oxcite- ment amang the business men of this city, as it com- poy destroys a nico lithe combination of tho bill to depreciate and) if possible break down the Northorn national banks their issues of Currency would not he redcomod exceptat heavy loss. Hence the fol- lowing very proper action of the Prosident of the First Natioual Bank of this.city. i thle tora row out all ile of national banks: oly fout 8 a aa 3 Fiest Natiowat Bank, New Orie ine, Dec. 11, 1865. calculated to depreciate the national currency a ‘a ee ee ee in this city, this bank horeby gives notice to ties, tereated the Gnitea to that naid —> basod upon States securition, that thore can no toss upon them, end that holders can have all hational ‘bank testes ro- doomed at par at the counter of this inatttution. A. ©, GRAHAM, Président. ' Phe Proses Despatch. Naw Orusans, Deo. 23, 1066. The Louisiana Logislature adjourned to-day until the fourth Monday of January. Tho House failed to pass the usual appropriation bills. Tho Govyornor tas vetood the Dill suspending the collection of taxes for 1861, 1862, 1863 and 1864, on the ground that it would afford relief to those who had attempted to destroy the government, ‘and who wero absent from the city during the war, while the Union mon who remained paid taxes, ‘The Washita river at Monroe rose eight feet in six days. Arise of ait foot is reported at Camden, Ark. It is reported that 2 good deal of cotton ts to come in from the west by that river. Business is somewhat checked by the sorewmen's strike, the owners of vessels and stovedores refusing to accode to thoir domands. Cotton steady; salen 3,000 bales; middlings 500. ; sales Now York Shreveport dates to the 8th report navigation suspended on account of low water. Cotton continues te come ia, being hauled a great distance to reach navigation. led Veterans. ARMY OFFICERS TO PRO- Our Di GRANT AYD DIX, “AYD OTMUERS. ; Naw Yorks, Nov. 14, 1865. To ras Orrrosns ov Tm Amur Ako Navy ov Tum Usrrep Stares wuo wave Serven om tax Late War :— ‘The great number of discharged and disabled soldiers and sailors without employment causes, and must al- ways cause, rogret to every officer who-has in any way participated in their dangers and sufferings. It has been the duty and privilege of officers while in service to pro- vide for the wants of thoir men, and now that both have returned from that service and no longer encounter those dangorn, the duty and privilege, in @ measure, remain. It fs also an wahappy fact that many of our officers have become incapacitated for their former ocoupations by wounds, aad that (they are undergoing pecuniary griva- tions, aad noeding our ald and sympathy. During the war thé duty of providing for all such sufferers devolved ‘upon and was discharged by patriotic citizens; but now (mt the war is over {tisan honorable duty devolving ‘pon us, thoir fellow soldiers. ‘Wo therefore call upon you to moet us at a public mooting, to be hold for the purpose of considering the boot metas oS ening cmployment for disabled ana diacharged sailors, and for forming some permanent military association which shall have the wolfare of our soldiers and sailors aa its bm ag U. S. Grant, Liout. Gen. Dan’! Butterfield, Maj. Gen. Com. C. H. Bell, U. 8. i. 8. P. Helotzelman, vet 5 A Brig. Gen. Com: Thos. 0. Selfridge, D. Vinton, Bt Brig. Gen. U. BN. Robert Anderson, Maj. Gen. Com'drAlox.Murray,U.3.N. Thos.J. Lesile, Bt. Brig. Gen, Capt. A. H. Kilty, U. 8. N. Liout. Com. D. L. Braine, Com'dr A. Bryson, Uv. 8. N U. 8. N. J 4 King, Chief Engineer Garrett R. Barry, Paymaa- ter U. 3. N. John A. Dix, Maj. Gen. A. J. H. Doganne. John G. Parke, Maj. Gon Daan Bony Foonn.—The dead body of an unknown man was found yeatorday morning lying on tho flate io the dock at the head of Widgory's wharf, From appear. ances it had been there but ashort time. Deceased waa & man apparontly forty yeare of age, slim built, dark brown hair, smooth face, and would woigh about one hundred and forty pounds, He was drossed in a man-of- war costume, {u histpockots was found a o»rtificate of a bill drawn by tho Irish Etpigrant Society, New York, in favor of Michacl McKnight, for £7 on the Bank of Ire: land, Dublin, or Wilham Frazier, Limerick, dated March. 31, 1865. Coroner Gould was called. The corpao has been feinoved to the dead hous in the Kastern Cemetery, where it will remain for a few days for weatification. — Portiand ( Me.) Argus, Dec, 23. Parina Ore War Expenses —The Portland (Me.) Argus @ays that towns in that section of the state “are arrang- ing to pay off their indebtedness aud to square up wat oxponacs."’ ia tho caso in this section. One town Itt thiscoun- ty Pepe voted to pay all its indebtednoss this yee ‘and the last wo hoard from tho town more than half tho money had boen coll cted. Most all the vowne, we heliove, voted to raise monoy to pay off part of in. debtodnoas, Ellsworth voted to ramo a sum which foots pa third of ite war debt. —dllsworth (Me. ) imortcan, Dec. '] have not yet boon supplied with arme. 1835, about the time of the Meir expedition. April, 1896, the creat battle of San Jacinto took place, under General Sam Houston, routing the Mexican army, killi ‘The Monroe Doctrine, dée. TO THE BDITOR OF TH a pcaep War between Spain and Chile has commenced, an@ on the coast lands has not yet been settled. A party of pa en Apap 9 ops sry Proprictors of lands on James Island, accompanied bY | (4, such » war, and the means that both partica have to two officers of General Sickles’ staff, started ons visit | ory tt on, The Cabinet of Madrid concocted a sort of last Thuraday morning, but retarned in the evening With- | warienting Expedition,” g0 called, for the exploration of out & landing. Some sixty of the fred: | 144 pacific sea and coasts, The readers of the Hansue fo ~ palace yp ayammgay coll nelly we ‘are well posted with what happened in Peru in connes- threatened to fre on the firat man who P | tion with the vigit of the “oientific” gentlemen. Three ashore. They refused to listen to the officers, and threat: | 1 iniong of dollars were paid in London by the Peruvis ened to shoot the colored oarsmen {f they did not leave | . ents asthe result of the Peruvian “explorated”” regiona, immediately. One ef tho officers inquired for the white | pit to return to Chile, Oné of the Spanish vessels, @ surgeom of the post, to which they replied they were | sow schooner, called at Lota (Chilean coast) to coat Sr surgeons now, the white officer having left | 7116 owner of the coal mines, Dun Luis Cousino, re ‘and gone to Hilton Head. On their return the fused the necessary supply to the Spanish man-of-wan, OUR CHARLESTON CORRESPONDENCE. Cuancuston, 8! C., Deo. 16, 1865. party was followed by the sogroes om shore for nearly | yng and aon ae. Sin oval two miles. Two companies of the Sixth regulars have ee ‘actually Pte Sp boing —_ beon ordered over thiére, with orilers for the arrest of an lee, ee ee ape over inconaed wits 4 on! ‘any persons offering resistance. poe with Sannin! wT 2: 4 Should the negroes persist in their opposition it may to cornenpens Sm ade ee dead to, serious Major General Saxton, who bas | mander ; Prefect of him to | Don ‘Deon the principal of the freedmen on the canst, | fis coal for the'uao of the weasel, ‘The a 200, 6 a'leld, canity quiet. them, by recalling bis _was, as it ought to be;'that hia ‘aulhocky was la ‘@idresses hiding eut the prospest of obtainiag & pumiolent Seerapel bgitten eal is owa toad de @ tnd savising thostroedines of | S5RRUt nae ts Mand’ tha angry and, Gn fan coe, ta reuabog Wb ally eaavenibtng cin"beue. hmtat Sopa fahe we ing to the city pore Que [[Seriom to. cie ret. Top mlnacorsne | fies cotter, ern ct te nse ome favabedcoguniab@ia Wdbutes dlcuch,:and-cho.aaibers | \ootita taecen taut: emenixe pense et Unae elected are those who have served during the war. One | #h yet Sal Bate, re, in 2 ae of the captains is the former Major Blanding, at one penlen, sirle sent sn ion ine Srnuean:, The Sanree time in command of Bort, Sumter. Thee cosdipanies | Chilean laws provided for the punishment of editorial 3 offences, which, in al! cases, must be tried before. ‘As ell be'seon by the! following notice Major Genbral | tsk the executive power was divonted of Af Rakes Oe Saxton is to deliver an reas before the planters and | editors; that if. it were the wish of Senor Tavira to have freedmen of Sumter, Carolina, next Thursday :— Ga rene accused (and the gentlemen in charge of the administration thought that said paper was insolent to Sumres C:, Dec, 12, 1865, excess) Le would have the Kindbene | to point out the ‘At the roqitest of several of the planters of this sub- | noxious phrases (ast was providedby law), and tho publia district, thoro will bo a mecting-of the planters at Sumter | flacal would then undertake to commence suit against the Court House, on Thuraildy, 2ist. inst.,.at eleven o'clock | £! San Martin on Senor Tavira’s exclusive account, A. M., for the purpose of consultation with regard to con- | of all expenses, and the admuoistration was not tracts with the freedmen forthe coming year. Brevet Ma- | upon, or bound, or even willing to run the risk of forfette Jor General Richardsog will be presont. All of the planters | ing tho opinion of the poople for the sake of ‘aro earnestly invited prevont, General Saxton will | private fndividual, Mr. Tavira, insisted on his alloged addross the freedmen, at two o'clock in the afternoon, | diplomatic right to change the Chilean form of goverm same day. Planters will please give their laborers ment from a constitutional to a dictatorial one, sweari mission to be prosnt. As the matters to come belore | that tho last drop of Spanish blood'was to ba shed tho moeting are for the benefit of the planters, it is | their beloved Queen and throatening Chile with the de, hoped that there will be a full attendance. mand of his passports, Nevertheless, the sober F. H. WHITTIER, thought caused the passions of the foreign representas Lieut. Colonel Commanding Third Sub-District. tive tocool down, and he compromised the matter in ‘Tan qe OF. eae cr settlement of matual apologies, which everybody th has exceeded the expectations of the vost sanguine mer- | W8S . ‘ chants. Much of it Bachan is to be attributed to ithe | But lol three millions of dolfars wore not appended increase of travel and the arrival of Northernors with | the apology. How, themy could the | 8 their families to spond the wintor South. Of the one | S4uadron aflord to pay its expenses in the Pacific hundred and fifty rooths of the Mills I'ouse, which nas | The “mother country,” under the rule of O'Donnell, the lately beon repaired and-gorgeousty furnished, sixty have | great enemy of Hispano Americans, hastened to disa beemalready taken Up for the season, ‘The establish. | Senor Tavira's attlement ‘and recailed him. Adm ment reopens to the public on Monday. Board both ai | Puraja was appointed in his place, who has let loose the Mil aloe dogs of war. day. ls House and Charloston, Hotel ts four dollars per | “Xow, Cuile can defend herself without great exertion two months. ‘The private boarding houses are also all | OF much costly array on land. Woe to the Spaniard whe full. Northern pete! and nctlvity have infused a new | dare to put his foot on Chileaa soil! Tho Eovernmens, spirit of competition into the old city, which is truly | moreover, will notify every, ish resident in alarming to the oJ@ anti-republican fossils, who shake | that bis stay in that republic is t an end, and must 2 their heads ominously and deplore the loss of their time | Continue as long 9 @ war ghall last. To an Heavguarrnns, ape, ae Dart AE S.C. bring organized with the intention of giving the sew rickety craft Jabor system a under.the pla of yments. Heep oy rower” any fresh mora- ‘te the laborers. It is proposed, capi. | ing off Santiago do ‘and, with only’ Dahigrees tal can be obtained, 10 -bire able-bodied. ‘hands at | dictate terms to the Spanish population, rates of from three to five dollars por week, with board. BN ae ee nial the teorey bomberenens. ‘The principal difflowity among the ts. want of ta Porto Rico, is algo at the mercy of the cont ‘im making yearly contracts, which, they urge, eee ‘There is sparcely «port or porta tn the Wead is too long for them to remain witheat -money for their where the Chilean privateers could not pounss sori yn ae oa of the Antilles, would be the price to be by Spat ADVENTURES AT SEA. frag an ajc wre ha gun Cla Tus cusae 1e is. il r [i ‘ a td Orossing the Atlantic in a Twonty-Eight | “rls hove no slaves when tere are since Ton Steamer with a Hurricane Blow- Pre parse and oan eee nagrenlid ne ing—Strange Narrative of a Crew Who Bpain » Liyed Thirteen Days in a Capsized pet sober Lm ewig fl pot ae neta eg Vessel--Their Sufforings and Escape, to have &e., Sco. | pl oe 0 THE EDITOR OF THE NEW YORK HERALD. Maansas, Cuba, Deo, 6, 1666, ill doubtless teach her rulers that As [have arrived here in «class of vessel that bas of lng Bu a scarcely ‘@ver crossed the ocean before, and during a a ae pertod of the year that is considered most dangerous to ba; and the weet any olate-of ships, I. think « fow extracts from -the log ee ete may Interest you, as it has done all here. I left Ports- mouth, England, on the 19th: of August in the screw stoamer Shamrock, twenty-cight tons, five foot depth of Doctrine. not @ new vessel, and. the boiler leaked so badly before 0 ‘email and unoffead> I got thirty miles from port that I got mo use from i, steam the remainder of the voyage. Hor masts and sails ues? I were vory small, just large enough for a vessel of five qi tons; hor.bottom was quite flat, no keel or side boards. Although {raved much tthe low promos Tinto, | enh, \OBa er, totand pound, ‘@wing to the smallness of her.spars, I was most thank- ful afterwards, for, with the weather I encountered, her safety was entirely owing to that ciroumstance. 4 I had much conversation with the captain of the particularly tnviied sa to maintain the fodependence American schooner Enigma, which vessel capsized on . the 22d of October, off Abaco Island. Sho was drawing ‘that five foot of water, and had scarcely say sail on. Thecrew py hrlgeeenapiod ns Provan pracy sect cut a holo through the bottom of the ship, after being pordagg mgt ding leteeor = confined two days in the hold of: the vessol. She was | {re'faeritanie antension of the indcouce of. the great Fe. lying bottom up, and they afterwards remained eleven pubtinaver the vas regions of ce; a days exposed on the the capsized hull, with nothing to | unnecessary for European governmonts ¢at bot two small Osh they caught. The captain at- efor rom femonsiaare, at toro tribated her toppling over to the weight of her spars. steniieaten, you a few extracts from the logbook ‘Shamrock — fo pont Spey Pominrg of this date set in with heavy squalls and dense from east noftheast, the Selene presen lelgt The oe was High sal oot Furtous. Tho! ! | | tl : He Liste # = 4 " int Hits Bint very nest of them, where thoy mostly begin. Midnight, wind northeast. In accordance with w of storms I resolved till to run for it, although the dreadful appearance around ‘and the smaliness of my vessel almoet bewildered me, though her y Was most extraordinary, not having any water on deck throughout the voyage. After mid- night tho wind gradualiy abated, and in the morning wo had a fresh breeze from southwest. On arriving at Kovis Island on tho 11th of same month, I learned that thoy had the skirt of the burri- Seve eel er et eee great destruction at Gau- coveted by at leat one section of American polit = jon ilanthropy would be gratii con Ocronsr 23.—I was on the south side of the Island of ‘quest of Cuba, and the emancipation of the siat convince the Americdn Cuba, with strong wind from southwest and squally, = 5 Haan eng pomiag’ | and it would mot be dipicult to whon the hurricane of that date rn Novasper 5, 1865.—Rounded the in company | “as the ezelusion of Spain rrom the islands of the Mexicam with the American schooner Gleancr. She was heaving was a just jon Leather Sulerporenee tm hi fo overboard and under olose reoled salle. We | “Ale, and the Lest secwril of amily er carg bh Hind all sails fot and making very One weather of it, 1 | @Zempls, It le poositis onse, remain, dear re ee obedient carvan, of his Wecesent Sanavert This acto of violence. ‘JOHN DREVAR, Master Steamship Shamrock. | Shania Mintator in Chile has alrendy accoptd. wat on ion fe su 3 offered to , and in @ The Meir Expedition. maorter ce aplbttrs Te Weitere cngin TO THE KDITOR OF THE HERALD. be allowed to bind his pri ncipal by bia arrangements Naw Yous, Dec. 13, 1866, | ie ae eanile mind, Marshal O'Donnell had better 1 i I think both your correspondents are wrovg in regard | {Ontrivo'a new Moorish war than meddle with the Soak to the “ Moir Expedition." American States. ‘The massacre of the Alamo and Goliad took place in New Youre, Dec. 23, 1868. * Knowing your desire to inform your many readers of hundred and taking seven hundred wounded and Pris | 11, Hrogeegs of the mechanical arte throughout the onera, under General Santa Anna, The battle cry was, world, we take the liberty of piacing at your disposal the Remember Goliad!" ‘Remember the Alamo!" In following translation (made from Colombian newspapers) 1838 I loft the~port of New York as su of the | of the first tolograms which ‘over the line Pilgrim, and raised tho first fing of the single star in the | orected by us among the Andos, and designed (o con port of Galveston, I met General Houston, the President | the cities of Bogota and Honda, in the United States of Texas, and he appointed me Chief Clerk of the Mili- | Colombia, 3. A. DAVISON, TILES & WOOLSEY, tary Burdau for settiing the claims of soldiers in different [Tologram No. 1.} baitles, giving six hundred and forty acres bounty, Metr CuaTno Requivas, Nov, 1—5 P.M, among the rest. Houston and Lamar wero among the | qo the Parwnent oF Tam Uxitep States or Conon number, and I think Jack ao a was with the Meir expe- The electric telegraph bas ascended the Colom! 4 Th dition, Tam sure dt cou! during the revolution of | Andes, sonds its frat salutation to Senor Man Toxas, ALBERT LOMBARD, Murillo, the worthy President of this republic, who bas Late Clerk Texas War Department, 1 . shown such earnest interest im the establishment of the aris of civilzation in his native land. May prace cover Marine Affairs. with its healing wing the broad expanse of this beautiful At & meeting of the passengors on the steamer Granada, | country, and may the neosssary courage be granted us during ber late -. from Charleston to this city, held | to prolong * tolegraphic wire, before the expiration of ma D-comber 23, the following resolution was ad — two years, hta of Funza to the shores Resolved, That we, the undersigned, hereby return | of the Atlantic, M. LEE STILES, Manager, our thanks to Captain R. Baxter the oMfcers of the [Telegram No. 2) steamer Granada, for the able manner in which the Boaora, Nov. 1, 1865. steamer Was handled during a 6 more than ordi. | The President of Columbia to Mr. Stums, Constructoe narily sevoro, and for the care and tion displayed for | of the Cotumbian T: bs our wants and comfort. Thanks, many ‘We heartily commend both the ship and her worthy | with the imenceial Morse. Your name will be ongrave captain to the of the travelling public. to all eternity in the annals of our country as tho intro Rev. W. H. Fittiny, President; Tallon & Davies, Secre. | ducor of cae of the most remarkable inventions of thig a tary. Passer % McMull ©. T, Barney, ©. 3. ‘tury. Receive my congratulations for the bi ieee Sony Abra, © Fa | emieten Scare gt eis C eee 5 4 vern h on 0 Brandes, L. 8. Norton, and others. Of clviltaasiont MANUGL MUNILLO, Prostdent