The New York Herald Newspaper, April 2, 1866, Page 2

2 FINANCIAL AND COMMERCIAL. Sonpay, April, 1866, Business in Wall stroct during the past week was it. terrupted by the occurrenee of Good Friday, which was pbserved as a holiday. The stock market opened dull, Decame foverish and closed heavy, under strong offorts to break down Erie with a view to depress the entire Fallway list, The price declined’ to 7% on’ Saturday, against 81% on the 234 ult Michigan Southern’ re- mained very firm throughout, selling as high as 84%; Dut the other speculative stocks sympathized slightly with Erie, Rock Island, after ‘rising to 126, fel! “back to 111 @ 3% late on Thursday evening, On Saturday tho market Incked animation, and the bears hammered Erie in particular with considerable effect. The indica- tions are, however, that, in view of the present condition of monetary affaits Wind the reassuring arpeot of Anancial Jogulation in Congress, the upward movement bas not yet culminated, but has merely been temporarily ar- rested by the attack on Erie by parties “short” of other stocks. ‘The following quotations were current om the street at half.past five on Saturday afternoon:—Michigan Southern 835; a %, Cleveland and Pittsburg 76% @ %, Rock Istand 110%, Erie 74, Fort Wayne 88 a 3, North- woatorn 25% a 26, proferred 5334 « X, New York Central 903 a 5, Hudson River 107% a 3, Reading 083¢ = %. The gold market experienced further recovery from tho depression of the previous Week, and-réinalned firm ‘advantages in the form of exemption from local taxpe. Thus:—“The associations also possess all Bowers necessary for carrying on the business of bank- ing by discounting and nogotiating promissory notes, Grafts, bills of exchange and other evidences of debt, ‘and by receiving deposits, buying and selling exchange, coin and bullion; by loaning money on personal se- curity; by obtaining, issuing and circulating notes, ac- cording to the provisions of the act, The duration of the charter is twenty years, They are also made depositaries of public moneys, when designated by the Secretary of under the act’ ig their at tho advance, tho closing price being 127%. The ex- pee! er a ee ee treme range of the price on each day of the week wasas} ai Wh" t reducing by. owing to the large outstanding ‘short’ interest, and loans were generally made at 333d a % per diem in favor of the lender. The export to Europe for the week ‘was only $3,500, The demand for eustoms duties aggre- gatod $2,432,596. Foreign exchange was depressed by an abundant sup- ply of bills anda limited demand. The market closed heavy, the following ‘belvig the nomial quotations:— Bankers’ bills on England, at sixty days, 1063, 0 106%; three days, 1073 a 107%; commercial, 105% 9 10634; Dills on Paris at long date, 5f. 80c.; short sight, 5f. 25c. ; on Hamburg, 3534 a 35%; on Amsterdam, 40 a 40%; on Bremon, 77a 77%; on Berlin, 703 @ 70%; on Frank- fort, 403; a 4035. The large receipts of cotton at the ports—those for the week being reported at about 45,000 bales—have had a tendency to weaken rates in combination with the firm- ness of the Liverpool market, which is stimulating ex- Porta. More sanguine expectations are at the same time gaining ground as to the extent of the next crop. The feceipts in this city for the week ending on Friday evening are returned at 12,892 balos, and the exports from the port for the week ending the 27th ult. at 16,609 bales. ‘Fhore is a firmer and more hopeful feeling folt in the dry goods trade, aliko with the gfneral merchandise markets, although no material recovery in prices has taken place. This is mainly attributable to the turn of the gold market. The money market has been extremely easy at five hath shall be given, and to him that hath mot even that which he bath shall be taken away from him.” Mr. Chase would if he had his own way give thom all that they ask; for he read a minority report in favor of the exemption of the bank shares from. local taxation, which reflected his own prejudices more than sound judgment, and therefore djti him little credit. ‘The value of the imports at Boston for the week end- ing March 31 was $1,600,000, and the daty upon them will probably be pearly $800,000. The Third National Bank of Buffalo has beon desig- nated as a government depository during the week Just closed. Tho total number is now four hundred. The only national bank authorized during the week ending March 31, 1866, is the Minors’ National Bank of Salt Lake, Great Salt Lake, Total number of na- tional banks now in existence 1,644. Amount of na- tional curroncy issued during weck ending March 31, 1866, $1,430,800, Amount of national currency pre- viously issued $262,616,870. Total to date $264,247,170. The following tavlo shows the quotations of the lead sng shares at tho first session of the Stock Exchanzo at the close of each of tho last four weeks:— Mar. 10. Mar. 1%, Mar. A. Mar. 31, 130 120 1BLSABLBG 46 per cent, with exceptions at six, for call loans, and tho 41% indications favor prolonged case, “a Tho recent numerous bank failures in the oil regions, 1124 resulting from the suspension of Culver, Pena & Co., 26 in this city, serve to indicate the existence of a class of irrosponsible banks throughout the country, suggestive of the “wild cat’ establishments of former years, against which “Long John Wentworth” waged war 80 success- fully in Illinois, It is not generally understood that the wational currency act afforded peculiar facilities for the establishment of banks in different parts of the country in tho intorest of capitalists at this or some subordinate Gnancial centre, and that’ the hotes issued ‘by obscure country banks are leas Likely to be returned’ to them for redemption than those of batiks occupying central posi- ons. Once put in circulation they are kept moving from hand to hand and State ‘to State without find. Ing a resting place, the bonds pledged as security for their redemption at Washington inspiring confidence ¢nough 4n their value to keep them at par, without ‘sotually ‘Doing a fegal tender Unless in the payment of taxes to ‘the government or in paymont of debts due from one law, the maximum of which i ninety per Cent of the “is ata} 90! per value of the bonds deposited by them with the 1804.103 ose 104s¢ Treasury, while at the samo time they draw interest 1865.03 10636 upon the latter at the full rate of interest in coin peed. ee ee 1 paid to ordinary fund holders. As a mere specula- ‘series 99: 100 100: tion banking under such circumstances held -- son 9056 99: out strong temptations to capital. But when woe OITY COMMERCIAL REPORT. Sarunpay, March 31—6 P. M. Burapervrrs.—Receipte, 2,920 bbls. flour, 1,100 bags corn meal, 2,500 bushels corn, 410 bushels malt. State inspired in the minds of dspositors, the inducements to establish national banks {t will be seen were very strong. A popular idea has gone abroad that some how or other the liabilities of national banks are guaranteed, whereas it ts only tho circulation that ts so, to the extent of the bonds deposited against it, The deposits of the banks in Atone of rebuke for their apparent anxiety to secure Kiger. Cheese was unebanged in every particu- the petrolvum region that have just closed thelr doors aro asentirely unscoured under the National Banking Jaw as if they bad been in the hands of private individ- uals, and hence the credit of « national bank, as much aa ‘that of a private firm, depends upon the character of its individual proprietors and managers, In the case of one of the suspended banks—that of the Petroleum Bank of Titusville, Pa.—direct misrépre- sentation appears to have been resorted to to convey the idea that it was @ national bank, whereas it was not. ‘The Herald of that town says that it had nover obtained ‘& permit, notwithstanding the fact that the sign “Petro- leum National Bank’? was conspicuously posted upon one side of the building. That the solvency of some thirteen country banks ahould have been dependent upon that of a single private banking frm in New York argues a very unsound condition of the affairs of a con- siderablo number of other local banks. If the business of these suspended institutions had been properly con- ducted, Culver, Penn & Co.'s faiture could hardly have seriously affected them; and the fact that it did so goes ‘to show that they were more de»ply involved in the for- tunes of that house than in justice to their depositors they should have been. : Great dissatisfaction le among the stockholders of national banks the decision of the Supreme Court declaring the shares of such tnstitutions liable to Southern flour was in moderate demand at previous prices; the sales were 750 bbia, Canada flour was steady, with a fair inquiry; the sales were about 400 bbis, Rye flour was inactive. Corn meal was without noticeable wes leis, sat ve bave opty 10 he: 300 bbis. of Marsh’s eS. I's 3 change; the demand t:ce sales of about 120 bbis. i SEs5! SSSRSesssucee 2 é 8 if i 3 z RacnosSawcaaae S8sSseseausecs Roles Pee eeeeeeeees? laook i in moderate and small sales were made at full taxation under State authority, and various opinions are press. Barley wee, frm with » contineed demand expressed as to the soundness of the opinion and the Canada sales jeacti| comprise working of the law as thus interpreted. Section one of | Dearly 12,000, buanels, mainly wt $110 s $118 "The the act of June 30, 18964, says;—‘‘All bonds, Treasury Corrom was and notes and other obligations of the United States shall be exempt from tazation by or under State or municipal ‘uthority.”” So far as the direct taxation of government securities by the States is concerned the law ia, there- fore, clear, But that national bank stocks were not tn- tended by Congress to be similarly exempted is evident Provided, that nothing fn this act shall be construed to all the shares in any of the said person or bod; Studed Ya the valuation of ‘The Court, in its opinion, very properly ‘these two provisions, the one providing that nothing in the act shail be construed to prevent the shares from Doing included in the yaluation of personal property in the assessment of taxes imposed by State authority; and the other providing for the keeping of a list of the names ‘and residerices of the shareholders, among other things, for the inspection of tho State officers, not only recognizes in express terms the watt mth arb Wh Sey bat prescribes regalations apd duties to ‘would geem, could be made plainer or more direct and comprehensive on the @ubject, Tho language of the Liverpool. i A : sie 7 Ly i i t i i az file i ui iE I i at; Fe af qt: best 3 32 4 Hn Bit i i 1 i 2 rj Sig ii several provisions is 90 explicit and positive as scarcely 16360, 9 18%0. for hama, transactions in lard were to call for judicial construction. ~ |" PTS As Preece were meaty, see caiee The groat powors and privileges onjoyed by the banks | ‘ie iter prlen the otohen oiie wesseest ma cotett lke @rganised under the act were referred to by the Court in : [ : i i i : 3 > NEW YORK HERALD, MONDAY, APRIL 2, 1866. ’ ' hundred and DEY _G00ns. the | ofthe etg nad ne rales of coseetad wine, Tomatrommests | ait ls FRRNOH AND DOMESTIC STRAW GOODS, bh pales coasts 2 , be umber FOR Lapixs, MISSES AND CHILDREN. 2% boxes white Havana at 1S0., 450 boxes common mo- | !arg® ee tagt'aua tecios alive notes aylog Yee Very lalest novelties in Siraw Goods of A’ HIGGINS’ SIXTH AVENUB MAMMOTH NILLINERY ESTABLISHMENT. r, May 10, at ton eae a nent ‘by persons to ‘be hereafter ropabllican idea is a fallure do meeoreie ere se eeehecne eiere e Yithe principle, inthe lack of oar part to tem, inthe pemetwpheaing of pig a 30 Sew ine daring basis thal bas never. yet ‘Deen tried—equal rights ie fe finen, Speak, Ema ey ator eaped whedon rows ie HAIR PILLOWS, PILLOW CASES, TOWELS, 40. Teptesentat! at . — eum, Me aso o Supeae ree gre an gate, pte, et toe . | ice el So ee area | pis ieee ee raat into tne federal constibation. ES cineeai eetieae but order, consisting, in Port, of Bedateads, Cribs | Coane tee, to another sbade of manhood, while we disfranchise — Seon tat, dete Garden fifteen mil'ion taxpayers, we come not one line nearer La ‘ Saloou Tab’ey aod pee heed of board a — oe ee a erating ‘warranted ee WILT" qu GARDNES, 299 ane 244 Canal street. MARRIAGES AND DEATHS. Cs ; Hlament to the danghtor of a king? | Should pe be 2 menos pons Ron ALAB IM A, COUP: SS HOLDERS Qeaitat [*2i4 Campus HarR PEARLS 2PRING IMPORTA enate ns a speech of Vieworia tn ‘the. ffouso of Lorde eae Dia. eae tee SNR, GuBEMIN 504 T~ oe oye 1 BRED fed Wooqer street hee Gama ns saare, 3 wo not claim that hei sll rom and women are md. | pew On is 31, Haxnrerré,. jadant under authorlty’ from: the Governor, GB Serange tor ‘ rl bles—all hoirs apparent to the thronet he fact that |g nsmmoN-O Satuniay, Marob 31, lawns ‘aged Bee Thing of iby pee ue Soupons ihe | (0 MILLINERS AND COUNTRY eTORE KEEPERR<' this backward I bas 80 little thought | {7ebier of Reginald wien Ww of the eo Tent Grand iret cheep ‘you will Gnd the largest and ox ,pretant from the. women, Of the Sonal t | ‘Tho funeral will take place this (Monday) morning, at | Gry PER CENT INTEREST PAD. in thls eliy, Observe Nor and 8 Hibbons Gaice- aad Tox the lared:—that the groateet,arrior to. a on ree on erg a atoll a“ POE bea GAviNs BANK loon; No, 18 all colérs. 0: eveurining ol 0 come mgat of uli ip found, tothe acipotaner of Us | of john Great, inthe 67 yeat of hor aga. °°" A” ore Sots cont." Money: depoutiea | Shes illinery Laces: denen ot hew Jirdors, Feasg abo 18 re! es friends mi! are Open every ns inspection Monday, ‘ addresa, man and the york of life, PHY, imitating the pomp, | attond the funeral from her late residence, 134 ‘West Four- | ROW, Or onor April pe a AUSOMt, Prosideut Stl and S11, Grand. steent, ee ake ee tion, We as a natfon can ever realise the divine idea ot | ‘ocntt.steek on Tuseday paaceemied ae et Ps ie pc equality tI in hjs highest moments has enun 1, after a short and NORTH AMERICAN LLOYD. . pamnrts | to ite 7 hy "to baila» republic, the church and | jiness, Brivaer, wife of Jamos Carolin, and daughter of Tvedeets hereby given that a, meeting of tho stockholders eer cut longi cheaper Mot Lowa SObbeke welt white the home must undergo the same upheaving we now see late and O'Neil, of the of The ee ee np tity of New | Pieces. Be rinuns is ieee ee ooPrichas and retalives are reapecttully invited to attend | ¥' OR W esneeday, ibe JES Gay of Apell, 1896, at 10: chock K. PEYTON, Hie at tho family altar we are taught to | the funeral, from her lato residence, 184 East Twenty- | su th'p vote to tnorease the capital tock of the com | gles ‘enéifolciwtig NO8. 373 AND 374 BOWERY, worship wealth, power and ninth on Tuesday morning, at nine o'clock. Her amottnt of two millions of doltars, ARGAIN: hi is to talk of a republican gov remains will be taken to St. Stephen's church, East iT PURGHASED, CBLEPLE AE AUCTION, ,AMD, YERE eighth street, whe julem mass will be said blighted in the forthe oye of tav‘avaly und tbtace to Calvary ome oe Ya Ae as ‘At this hour the nation needs the highest thought and | “@Ty,f0F ‘Gterment. | 263 avenue A, Joux EAGT GRO GRAIN SILES col $1 Ga $175, Sate inspiration of a true woman! into every vein | Crawrorp, a native of the county Tyrone, in the 45th $200. * ype etd Ufe pape meeds piri oar of hit age, ‘ee ‘WHITE CBEOK SILKS, only $1, $1 1 Dattiotlam alone can. give. From the baptises of Dencten On Senter, oeteinge font, at the NANON OWROK sod) SYEIPRD STLEs, a1 861 196 second revolution should not woman come forth with residence of her mother, No. 216 East strect, ‘present # Piha, now $1. $1 now serenatn eed dighlty, choles dn yall from ce mee ag ae ma me inp gees br mm ear a ‘ Li ie SHER pew acre a Gtie a 088% her highest duties to humanity, her country, her |“ Due notice of faneral in to-morrow’s papers. i har estore Haran du Eitan et io! YANCY DRESS GOODS. - family and Guzex.—On March DE - castle te National Woman's Right's Cent! | 155 Carin arenas, Brooklyn, Posmay AC Gaxan, | Pypaic gt the ofl of MaAN ws White, a CHECKED MOTATRS, only ‘Sie, and Sie. per caDYy years, monn FAOBD MOSAMBIQUES, caly 20c., 350., ond (Op STANTON, President funeral will take place on Tuesday afternoon, at Y °T0.4G) Sous B. Axruony, Sectelary, * yee % W ty he , New Your, Maree’ 31, 1600, two o’clook. z B dlty propert bo GROUND POPLING, double Self, 73iSem VALENOLAR, Coty te, com ‘AND PLAID SUMMER TissUEA, oo FOULARD POPLUMS, very, choles, of 0a, Police Intelligence. DROOYED INTO A HOUBE IN BROADWAY AND ROBBED. On Saturday evening Walkor 8. Crosbie, living at 230 Walker street, Newark, N. J., while in the upper, of the city, was accosted by three young men named aw. Grd = $14,000 aur ciREat RTE Loan ae if Induced bi ue a Beat dm the | Leave Gesoon, aged it [ares ho gem oem edie dence, 119 Tieng io pend amp tony ore ‘Tho remeins will ee ae aed Re ieee vectata. the: pockets, of which a yee i a ee OO TE on Wetnesday at $126—and laid thom on a obale hie beck. wae be po as A a concealed whder ¥ we aes ‘and, selaipg Mr. 2 bee of Al at ret clothing, escaped from ihe room, Crosbie in | eed 8 year deed ivae~ follow in pursuit. Ho Uberetore hed no. alternative but Mi acct rey yey i DES ie soos 0095 tor 6d 00 pee iis ease Seder gakaren ae wee and ah si ' . a . at ISc., 1Bo. and Me. to 5c. per yar, ekg et a peed rine Bp wards. 5 oURNING oops, Ret gn Ne OB REAR and Dr. BS, hc., ho. Nos, 473 snd 974 Bowery, bear Houstoe mee. a1, Ee stolen @ Sarah C. MILLINERY. watch, guard ‘McAleer, aged 9 months. . from John M. Emerson, Tealdiog: as’ the ‘empire The tenis and acquaintances of the family are re. BEAT, PANIC IN MILLINERE | G¢ corner of Twenty-fourth’ street and Third avenue, while | specttully invited to sitend the funeral, from his late “Seah. po to BERWARTS. Bibbous, fae rena tak clas, tases die ae patron Ip wer bao = a tag oh or Tf you regrning ine gto 4 both of thom ran awny, but a prompt given by the McQuapx. —On Fecuraay, ee ae after a pd wr. jwat, 168 Bowery, above victim caused Decker to be intercepted and arrested. | long and painful ‘which he with Ghrisuan a On searching him the stolen watch was found in the Teagan tuouan adoioe sare ofthe paraht DARI MILLINERY.—MADAME FIGEBOUX HAS THR Rows stbscqucatiy’ arraigned, commited him for tral 08 years KAA a Pie ec TE ete .r without bail ‘the accused ie a native of Kngland and | “°The relatives and friends of the family, also those of eer 83 veges twenty-five years of age. Decker’s accomplice is still at | his sons, Jobe sad Aribar, be nein low ohn Yer Paes cm large. Sullivan and Kolly, and hie brother-in-law bh] ‘4 BOLD ROBBERY IN BROOME STREET. ay ard wee bee pee ere 9 fe Thomas Kane, resident of Orange county, MY, | I50 foverah ams Tote CLOTHING. while passing through Broome street, near Laurens, ie SI «ko an knocked down and robbed of a wallet containing $75 in | avenue A, v4 Treasury motes by Thomas Jonea, colored. while | offered for the ‘upon by Mrs. Cashberg. Used Sn Sighs etn spond ene done | Sabek rele Go who was y taken before Justice Ledwith Noavau.—On Sanday pov ey | 1, Gronom Pps byt or. oan tree — » cone Oe Marpiand,” ‘The. stolen” pag hd ht toy ~ahe om 5 ive g i hour yesterday morning Dennis Meghan, & nectetudh vty al £25 Bast Bterénih st/bel, whlts Aetving & passonger up town, stopped in Sixth avenue, near Twenty-seventh street, when two their names as William Glossner and David came up ‘accosted him. 5 DIAMONDS and Blount drew a revolver and, Silks, Be., oF ot full value, ‘thes i] ry wih ORB? ADV. senting it at Meehan’s threatened to blow his | invited to attend the his late resi ire, pear e cuts dad braing out, Glossner then interfered and strack the | 192 Claremont avenue, W. D., this (Mo nday| > driver under Seuhan, taiaking adavein tee tier ean afternoon, at two o'clock. of valor, we eon from ie Libby and Andersonville, a son Sravaine ot who followed in punch As they ane teak mngeernd oe overtaking him officers Barker and Beekman, of Telatives and friends are invited to attend his the i ee be wae and ra re Le three doors rested both Glorsn lount were taken avenue, ‘afternoon, at fore Justice Ledwith and locked ep aetna in default of | o'clock. bs “ New York, hea no occapaiva, and claim! to be a geatle: iow no claims to be a tan of tila, .Otsmer tee bookkeeper, thirty-three Years of age, and was also born in this city. APFRAY AND STABBING IN CHATHAM STREET. A QMoulty oceurred tn front of premises No, 25 Chat- ham street, about two o'clock yesterday morning, be- Pts pemeen, down oy ey timber. We bave heard from the gome miles weet and some two miles east of town. ir, Lidhay'e large cow ‘house was warvoted and all COAL, WOOD, &&. : H T : & | STRAW GooDs CUBANED, DYED, PRESSRD AND hie bare py? AKD ny A ference, sage * ool and call thpat Baar i ee cs | eater Mle AS | aeons a win eyenseon sete gree atm | 5 SOR ans a nana, | Slr pam Tee’ dor of hislares bara maabad te, Wa eave Wee on Une oom Sune ed bRULD WAT nban FOURTRRETS BIARET,