The New York Herald Newspaper, January 4, 1869, Page 9

NEW YORK HERALD, MONDAY, JANUARY 4, 1869. NEW YORK. ie James Irving: | pan Breas, we A Bag tal 2-8. ne R. AMaire at the State Capital—The Hotels Fill- iacioee nenen: Ka ‘Wiltiam 4. Conant, B, tn with Pelitininne~Rhe Spoakership and | 2) Wm. Hichman, D. 4. 1, a Moree, Dy ALBANY, Jan 2, 1869, J. Balmer, D. | Lyman Traman, R. The hotels are fling up rapidly with politiolans, | {—Famco'a Ghase'R. | Jonn H Selkreg, R. 8.—James 4.—Charies B. Rich, R. 5.—Alva C. Calkins, R. BSSRX, Samuel Root, R. FRANKLIN, Eamund F. Sergeant, R. FULTON AND HAMILTON. William legislators, lobbyists and all the crowd which for the next hundred days 1s to make‘Albany a kind of moderate bediam. The Speakership ‘continues to be an important subject of discussion, and It looks Row as though Mr. Selkreg would make a Jair show in the early skirmish fights, He is not the most ULSTER. 1—P. J. Flynn, . 2.—A, Ez Hasbrouck, D 3,—J.0. Schoonmaker, R. WARREN, N. B. Le Bau, R, WASHINGTON, F. Barker, R, 1—Wil J. Perry, elegant of men in personal appearance; is not par. omvesen.” 2Tapaaet aker Jf, ticularly gifted with the suaviler in modo style, | E. O. Walker, R. WAYNE. but has been regarded in the former Assembly as & |p ¢ Grima D.” ry ee. La very genial and social gentleman. There are some HERKIMER. cn aD ‘Who say that he will get amajority of from ten to meee W. Day. B yg sD ‘“ on the first ballot, but there are many rae. Tae oe Humcad chances in favor of Younglove. He 1s Popular and pee oe Doak Sie. L. “0d thas laid the wires well. “i a Marcus A. Hall, ‘t —! M, Mark, D. YATES, There 1s not much progress to report as regards | 9°~i/"F'cuiien Ji, D. | F. a.Hixon, ‘the political situation, although the atmosphere ts @live with busy bees, intent upon making all the honey they can out of the various fruits and fowers which this summer time of the lobbyists, plotters and conspirators ts about to bring forth. It matiers Iitile to them that the earth 1s wrapped in snow, ‘that might be eternal, for the flelds are rich with Plunder and there is a glorious harvest to be reaped by the most skilful reapers. The reapers, you may be assured, are at work sharpening their scythes aod sickles. There is going to be tough ‘work next week, and all the disinterested Patrios are awake to the importance of what is to come. In the hotels—the, strong- holus of patriotism, State diplomacy and pro- ‘@pective spoils—a combination quite compat ible with the easy consciences of the parties con- ‘cerned—suspicious groups, in twos and threes, may ‘be seen planning some scheme of mutual aggran- @izement, or conspiring to defeat some plan of an adversary who may aspire to some gain which is Coveted in another quarter. A remarkable feature ia the number of boys of sixteen or thereabouts, buttonholing members to obtain their support tor the appointment of pages in the House or Senate, deputy clerks and other subordinate offices, The eagerness of these boys is not excelled by the anxious energy of their elders who have higher offices in view. The contest for the Senatorship between Fenton and Morgan is not of a milk and water kind. It 1s #0 pointed, and, indeed, rather acrimonious in ite character, that it may become fidvisable to run in Griswold, the defeated candidate for Governor. The latter will make fair show at the start, and no one @an teli what an unforeseen exigency may bring @bout. Fenton and his friends are becoming more exuberant. Thoy talk boldly of his chances. It is confidently stated that if @ caucus were to be held tonight Fenton would get the nomination by a vote of two to one against Morgan; but as no caucus will take place tor nearly two weeks there may be many changes of sentiment in the interval. It ts said that Morgan is about to bring to bear tne force of the Central Pacific Railroad to his aid. ‘There are many who think that such a move will Reither help Morgan nor the railroad, and 1t is not unlikely that the railroad people are becoming con- ‘Vinced of that fact already. It is Just-possible that ‘the western portion of the State will insist upon a candidate for United States Senator being presented from that section, having equal ciatms to Fenton or Morgan. Thus there may be a triangular fight, ‘Which will make tue matter all the more interesting. RECAPITULATION. £123 Biss THE CITY AND COUNTY GOVERNHENT FOR 1869. To-day the newly elected city and county officers formally and actually enter upon the discharge of their oMcial duties. ‘The Mayor elect, A. Oakey Hall, will be tmaugurated at noon, and the Boards of Alder- men ana Assistant Aldermen will be sworn and pro- cced to organization by the election of presiding officers and clerks. ‘The Mayor's message Will then be read. No changes, it is expected, will be made, at least for the present, in the personnel of the Mayor's office. The following aamed gentlemen, attaches of the omice under-Mayor Hoffman, will continue under the new administration in their respective positions as for- merly :—Colonel Joline, Major Hart, Marshal Tap- Pan, and George M. Wharton. ‘The Board of Aldermen is constituted precisely as it was last year, and it is more than probable that Alderman Thomas. Coman will be re-elected Presi- ent and Joseph Shannon Clerk. The Board of Assistant Aldermen will be the name under which the body formerly known as the Board of Councilmen will organize. James Monaghan, President of the late Board of Councilmen, will pro- bably be re-elected to that position in the new Board, and William Maloney will, in all likelihood, be chief clerk. The Board of Supervisors, not being a newly- elected body, will, perhaps, not assemble, as it is not compulsory upon them so to do. William M. Tweed, member of the board by re-election, and Isaac J. Oliver will be the only accessions to the organization, Walter Roohe will be re-elected Prest- dent and Joseph F, Young will continue as clerk of the board. The new Register, Michael Cofnolly, will assume control of the Register’s office, vice Patrick H. Jones, the appointee of Governor Fenton to the vacancy occastoned by the death of Charles G. Halpine. City Officers. Mayor—A. Oakey ony dem. City Judge—Gunning 8. Bedford, Jr., dem. BOARD OF ALDERMEN, 10—Thos. Connor, dem. 11—John Hardy, dem. Pp etonm Moore. BAW YORK STATE GOVERNMENT FOR 1969, | 101m Moore; tem. | pn Pome ‘Suday? Gem bg en tha Repper, dem. ‘The following named gentlemen compose the State ven uddy, 13—Jas. nh, ¢ government for the year 1860, and by to-morrow all pe ET Yep. Ene a oe of them will have entered upon the exercise of their | 7—Wm. B. White, rep. 16—Terence Farley, dem. fespective omtal duties and functions, The Gover- | §—Anthony ee ee and State officers were formally installed on the concn ASSISTANT ALDUEiN, imstant, and the State Legislature wil assemble 1—James . 12T ¥ Daily, dem, ‘and proceed to organize in the Capitol at Albany at tomorrow, the swearing in of members, the of Speaker of the Assembly, Clerk and other . 13—Patrick Gibney, dem. dem. id—John Rell 9—J, E. McVeaney, dem. fem: Ic 10—J, Homan, It, dem. n—C. C. es oo a tg ler tichard B, Connolly, dem. phere gg me we Metean, dem. Croton Stephes® iam ny lly ae Chamberlain—Peter B. Sweeny, dem. Counsel—Richard O'Gorman, dem, County Officers. District Stas aon tex: B. Garvin, dem, Sheriff—James O' Brie! bets Glerk—Charies | £. Loew, dem. “Michael Connolly. dem. Sutrogate—Gideon J, Tucker, dem. ee TITLES—FOREIGN AND DONESTIC. To THE Epiror or THE HERALD:— One of the most. prolific sources of small wit on the part of our friends in England # the hberality with which wein the United States acatter titles broadcast. Every man is ‘either an “‘Honoravie”’ or a “General,”_ or, at all events, a “Colonel,” with us. tam induced to these reflections by seeing the perstatence with which the newspapers will insist upon giving a title to tho gentleman who at present represents the Court of St, James here, It seems to be considered : E 1 we mrp 5 Folger, B. classes order, “a. C. Bo? 27. 0 I, Nicks, Grand Cross) and “K. 0. B.”' (nights Com- ge ad OT ne hig It ts as —Ricnard Crow! well exact about matter, London 50.—W. 4. Humphrey, R. | Pimes asserted when Mr. ‘Thorton was 31.—Asher P. D. | Minister to Washington would not be a suc- Mo! knight. Our rank which he to the sneer of me say ‘The Assembiy. Hr id ‘ALBANY. KINGS. the Engiiea rank, Dist. Dist, 1-1 ty Re 3.—Dennis O'Klefe, D. a D. 4—W, W. Moseley, D. 38.—John M. Kim! D Re 4.—John 6—And'w = — R Bilas Richarason, R 8.—Dewitt C. Tower, D. ‘Wana 1. Bly, Re enna a AGARA. CATTARAUGUS, 1.—Ru. M. D 1.—C. V. B. Barse, R. 2.—Benj. Farley, 2.—Wi Stewart, R. ONEIDA. ‘YUGA. 1.—BN Avery, B. 1,—( harles H. Weed, R.. | 2.—A. B. Tuttle, R. 2. ford Guford, R. &—James D CHAUTAUQUA. 4—B. Ky, R. 1.—M. P. Bemis, Re ONONDAGA, 2.—W. 8, Cameron, 1.—J. V. Kendi R CHEMUNG. pommnrs, E. L. Patrick, D. a—M. cae ‘Pearaalh it 1 Henry I Ray, Re CLINTON. 2—George Cook, Re Daniel Stewart, R. ORANG COLUMBIA. 1.—J, 0. B. Davis, R GouTLAND, Pig M. Harris, Ke Biram are . OSWEGO, SULAWARR, Doolittle, R. 1,—Ben). J. 2.—Jas. D. Lasher, R. 2.—Jonn Ferris, Re 3.=N. B. Smith, 1.—D, H, Gould, Re LW. W. 2—W. W. gad R | 2—0. 5 nn agg LEWIS. PUTNAM. ©. Ray, R. Morgan Horton, D. LIVINGSTON. QUERNS. Lewis a Smit 1—J. ae Ds Pr re aA via i wa 1.—W. Me. RENSSELAER. pains * _ —s 2b. % Kiiham, K. 1.—John L. Dd. Aikin, Re 1-0, 8 . Be ‘eon D. ft, Re D, in Geonaecon (Ky) ah chia to wi 5 tate lett ear, and the latter ‘shot just above the the course of the no being orotate known, bas been ft as yet to ss lies tn @ criti. cal cond x are entertained of his recovery. esents his condition as rhea Worable, Smich was and had an examin- ‘ae commencing on Mol morning. At the Of this, yesterday noon, the trial was still in Some thirty ‘witnesses were summoned for examination, about pak mend ot the number on the part of the Com reaith, 31 General John B. inston and Captain Janes KB. Cantril; ex-Governor -}rovinaon, Judge J, M. and W. 8. Darnaby. County Attoruey. conducting the prosecution. 2.— Son 14.—Chas. H. D. 1. D. | Josiah T. Miller, D. THE MERCANTILE AGENCIES OF THE UMTED STATZS, How They Are Conducted=Thelr Inside and Outside Workings. Fe i the Cincinnati bm yrs Jan. 2.) weeks since an ee in one of our Eastern newspapers, pi EDT, to give a de- jon of mercantile agencies ana how they were hat meagre in ies dela. we Propose to give to our wi readers a full and accurate account of the outside and Inside workings of tnese associations, 60 neces- saute bustness public. : knewn oot ie ecropolitan ore we a aly met C onl im the Dahed for about a genre @ century. ated ix Unit States about the year Msuh and ‘at ‘the it time there are four in active operation, OF which have worked themselves into a lat lucrative business. Each one of these agen fas - ilar pep ieee known only to its ns. napa sprang ware chlety confined to New the requirements of trade ca Tork city bon them to branch swencies all over the conn. ey large city in. Mie cial Provinoes of Noreh Amogice THE MAIN OFFICE. Let us su) ourselves in the m tan of New Y 4 As we walk owe wien = notice on one the of towering, business establishments which thoroughfare, &@ sign denoting that agg ry vil, of these commercial we not par- tioularize. ba walk up one IER of stairs aud enter aiarge and hall, In front is a cireu- ho couner of yey vlack wel back of which Ines of desks, each one oan rig ncias ce ee ea subdi- vihed by by cases of counties, in which the volumes are arranged alphabett: nM there are cases con- taining printed inquiries from th the various oitices, which are daily answered and filed away. There is also an exctusive department for the city of New York, which in itself requires a score of clerks. Then there are desks for the city Sa perers. whose duty it is to daily report all changes {n business which may trang, Another it 1s occupied b = ue wae have charae < catlesrions, 332 - ae rooms for the su) ent, the keeper and the ee with a private office for private business ‘consuitations. Two of the prominent commercial agencies repre- sented in ate lintel city <_< ploy . — or a. enty persons daily oes sonvelimes. increased. to ropared or more in those seasons when there a. @ rush ——_ oe Connected with one of these agencies is printing office, from which four editions ot rein ‘are issued in July and Meta each year— two volumes con! reports of nearly every busi- ess man in the Uni States, the Territories, the A and British Provinces, and two volumes up with special reference to the Western In connection with these volumes Bo ccidh is also issued an annual Advertising Trae ‘business cl eS on, sheet of changes ao. over er tne districts co! within the scope of the agency. and its 1e8, THE DISTRICT OFFICES. na, Draneh office fa carn nas 103 Peculiar district Points its commercial sub-agents, img iris to ‘answer all business inquiries and to business information aa ace —— branch office. Many of the ict support pone dd by their business, but @ few have to ww thelr resources from mn the parent office in New THR BMPLOYRS AND THEIR Each office has a Came peggy anos — varies from one thousand to two thousand dollars annually, according to the business, done by the Office; also a percentaas apen all subscriptions re- ceived | by, the agency. Upon this superint-ndent rests all the responsi of his ular ageucy, and men only are appointed who have tact, shrewd- ness and gentlemanly address. There is also in each office a head clerk, who attends to receiving and out reports and to a portion of the corres- pentane: one or two city reporters, whose duty 11 is Teport all business cnanges in the city and all new firms entering into business; Koo) Mamie “he Laie or oa who are juired to cop! from different parts the country tad ee Prolumes of the St to woh po these becaaih A a an mass boy the ennes offices, ni Soe is pene wages, pays copyists eight dollars per them mig ay hours; fend te the | same office, oaly five years Bat dollars per week, every four no matter what the cat street cars or ferries, or sickness, tt matters mont for one hoar was at least a quarter of a day’s deduction, Most of the clerks employed Canadians or and bow they survive on or Fonenie moe Monthiy, an sone leading New York ne os newspaper, according Avery Tow ~ receive @ cash Bere geen services, "whicn amounts. to trom $300 annum. HOW REPORTS ARB OBTAINED, - The following ts the modus of obtain! & commercial report : ¢ 8 new firm’ business in the city, The mercantile re- is at once on the Pfs, vire, and repairs will suppose the new t to be named ar, Brown, jbanter, . é eporter—Mr. I belleve? Answer—Yees, sir. Pha rola are about start ing business, tie mnereantite agency of vo at wo fina hae et to poe a fr en oa at would a as to your means, wi Fou ‘favor me by answering the solio Af the merchant q the matter favorably, as the majority of ot aninove tna toy he prvesply oe. id Q 2 000. Rey 300 oO Hieh estat and tet clear, 9h Ses Oo pen cennen oan Sore with encumbrance. | consider about $6,000 in real and personal Reporter—Do you own any stocks? jwer—No, Reporver—Witl You be willing to give me some ot Angwee-—Uee, O Jones & Co, and Fifth National bes, gare gow te Zones 2 nao the Fir Ne these conensang, Se core feral ution ithe rearan we, ont, raing Ce iio report wen Me ‘bron quit ay e trade ‘ ai pele Miami county, Sere i hem as to tt and ing of the arty inquired for, and thus he can approximate prev cleary to the information Loy usly affects tue character standi wired for, For in- found out. In this case nuscribers to the agency it ry eee coufidential blank something like inunn We have {uformation concerning James B. for which you wili please cail at the ollice. map goon | on visiting the office YY of James B. 6 inquiries red, Some- ‘of the: patty paved & faliure or aa nsaction mav be we & Co, :— Across this, in a ink, are es words “gerictly of manufactaring companies are given ne me as individual reports, with the dif- ietea C3 a) —— iA ie sockholaes are well as a re) vate means, together with the full stayement of company’s at yo by letters or figures, and res sSometumes by both, They are used for the ‘Sooke princi Pe eral ce, and also used on all written reports. In writing reports for offices the report ig very much abbreviated. For subscribers every word is written out in full. BSreaIONS, pris ‘i ence kept throug’ connected with each oMce, and Stange are eran constantly made ip the various re- porss. Notw: the immense amount of care and trouble taken, it is next to 1m) bie to be per- fect, for unavo! a ee will nm, nO WAtter how careful superintendents And Sgn may, may be; but the We gene oral 2 ee is, in main, correct, 'o make douoly sure, every binky ie visited in in person several time @ year, and Pane er Soe tho! revision can be obtained of the en. Porn rea RE SES Tae tam wi merc] agen: cles arc a great auxiliary to the successful prosec' tion of trade, and as many sui tho expense of maintaining them is not I we will give afew statistics, which may prove of interest. m ya tone the expense of one ofthe hi York agencies for the Year 1867. The main office and twenty-five sub, offices Croemueet Span. it require the following items of expense:—Sal yg of ganz Ba 0; Pekan” tage, a8 sum total of the an- 1 Reeping u upof an agency be $201,000. ‘Though the receipts of the oilices are they are not 80 in proportion to the expenses, as it requires a rigid syaem of economy and waichfulness to make such ‘80 institution a moneyed success, THE MONSTROUS ABUSES OF THE FRANKING PRIVILEGE, Expose of the Frauds—How the People are Swindled—Confeasion of a Congressman. Wasninaton, Deo, 28, 1868, To THE EDITOR OF THE CINCINNATI COMMERCIAL:— On my return from New York I ound a note from a friend in Ohio, inclosing @ slip out out of your pa- per of the 18th inst., as follows:— We have no ip what the autograph of P. Van Trump, Member of Congress from Ohio, is worth. We have his autograph in our possession and would like to know. 1t1s on an envelope ype ern the pro- ‘speotus of the Semone Crisis, The mails are said tobe fooded w! Pm Anaee favors of P. 2 van Trump, MO, van ira mp, M. ©., comprehen- sion that two auch words exiat as petty swindling? ae ie his conviction that only the bloated bondholders the government? Has he radical Vo cone for this same sort of robbery of the United tates malls Waiving, tor the purposes of this commanication, all objection to the style of your paragraph, I proceed to answer the charge therein made. During the late political campaign in Ohio I did give my frank tothe publisher of the Crisis, at his request, for the purpose of circulating among the people a private prospectus for said paper; and I did so under the honest but mistaken apprehension at the time that such printed matter was within the legitimate sphere of the franking privilege of a mem- ber of Congress. I had, prior to that time, never seen or examined the Franking law. Without such b reer J baa aye ope fo, the common ractiog here for past, that all printed matter sor counecsed with ths =... Of the public vee es the Ppweyl and tending to furnish political information te thi = was, a proper subject ment, wi privilege. From what I Of the franking privilege, P, only before, but since Ihave been ® member of Congress, that was the general impression upon my mind both of its ob- ject and its tation. Your senpethe indaced me to look up and examine the the sub- ject. 1am now satis it does not cover such matter; nor had 3 cover a tithe of the —— of matter sent tl the matis during the litical Canvass, and years before, by puoi prem said Cougress, and republican minittees here tu Washington, and Brace Committees, under the franks of republican mane. 1 quove the law to show how monstrous- it has been perverted ior years, and how easy ae for anew es to be poset pe misied by the rather the prescri to adepe the one ie other, The 264th aud —- bunt up and exaiming- act of Co. Comgreaao: the 6th of August, section of 1862, vides as wo follows — ho hg to une cheap circulation of laws of Congress, and the debates contributing to the true inte aud to make free the com- munication prapetge the hog etngg ahe and constitu. ent it is enacted that, trom and atter the present session of —— the ‘Congressional tlobe and Soe ch Contains the laws aud of Vongi Se, tro Globe aud Appeudix"—not even the Dauy ie columns the bound volumes of roceecdings are regularly made up, & strict construction of the law of 186% ‘This would aford a very limited cirewiation. among the people, for each member of the Senate” aud House of iatives 18 entitled to only twenty-live of the “Congressioual Glove” in f Was L0 change or modificauon of ur. ais iaw ‘unui 1363, and yet Who doves not know that during the ineeeanee bas the mails absoiutely matter, ander what was Clatmed to be the franking privilege. Of course any = 4 should look to the use of the privilege, in- of its authority under the law, would come am wide of the mark as to what were its proper uous. The set of March 3, 1863, somewhat, but by no means extensively, enlarged the privi- It provides that tue franking privilege shail be #o extended “to and hepresentatives ia the Cougress of the United States, eee deiegaies from the = to., at from “when, by Aimed of another— sunply to explain iy own ve come 1 would simply point ew to the wholesale Caged the violauon of even sae previntene of this latter law, in tue transm! of thousacds and tens of thousands of eloctioneering documents, and other outside matter from this city and irom the ital o1 ev State in the Union ‘saring the late canvass, wi had no more connection or affinity with “Congressional debates and proceedings” than the Alcoran has with the “ayn Bible upon a question of doctrinal divinity. clmen came under my own val cbuervations Alustrated es of the ives of Grant and Ovlfax,” which ere. put up im untold numbers the employés of the fol ding rooms of the House : i sent broadcast over the ly attention that it was not auth impression Wi Crisis, Wt me. It did not put in Laid tt rg ithe as the easen- don. mater. tal legal and moral ingredient of the wrong Itself, then | iecl no ae een in the matcer complained of other than. igence or careless- ness which it fearen Ky certainly ge not be fool S10 ae to openly _ know? violate & very face ant — rj the amano fare. ooservation, ‘of 80 radical and yigilant iutical ij ‘the republican Bostunuster Colum , if not — le, Would have Prevented the . Bat not say to those ‘who know me 1 have no prociivities in that dl- rt aa the Representative of 9 nobie and ple, by their own choice, 18 as dear to Ine @s the rls of my eye, and { shall hot knowingly sacgifice it, let jhe temptation be what tt ‘thus much much by way of personal explanation. Now, if the edit the creer val are sincerely dqsl- rous of these franking al or others wateh here at the capital tet them come up , independently and impartially to to the w “etrain at @ ans Go ayn da o.? at least, ja not whoily gin. lormed in litan affairs. Charge aloe the hole ling. " will not overtirow Ihirenc ey Will find an ampie jeld here for’ ‘Operations; for it is quite appa- ee Sore ll hod the reality of modern Ai pattie it approaching that for | ot acieat Rome ta her cadence, and that the re- mark of ond patiocopnere would be equally applicable now: ‘Gem 1 foerant vitia mores aunt. If the interest of the Commercial, or some of ite editors, is tdentified with any of the speculating projects how Or hereafter to be bi ht before Con- gress, a oe is pretty well Known that | am more likely, if some discom- ead *0 ne hopelaoe Wat erat ratiroad or stup canal subsidy has become hi of my support, and virtuousiy in dignant ‘opposition. wo Haaiet o hy swindle—it may account ny el volte us Btn lod ont a8 an ob- ject on iMocent my intention ma; ave Lean a is enough Hah that T am alike matt ferent to their frowns or Diandiatments. Ver spectfully, &e., P.VAN TRUMP. WiiTsrtst OVA.—On —_ men from Massachuset! e ornieeaien of Lake vota- in collecting the of rio for exportation to Pittsfield, Mass., left here, hav- inw completed thetr. object. They collected some handreds of thousands of these eyss, which it ts in- last two gontie- ave been engaged 7 FINANCIAL AND COMMERCIAL. Sunpay, Jan, 3, 1869, ‘The week in Wall street was a dull one, the great in- terest centring in the course of money, which on the last day of the year was marked by one period of as great stringency as has prevailed in @ long time. During the activity just previous to the Octover quarterly statement of the banks the stock gamblers produced an artificial stringency by the “locking up of greenbacks,” and money was then undoubtedly as stringent as it well could be without producing general disaster and rain. It will be remarke1 that it did reguié in the breaking of the stock market and the failure of several stock houses. But the activity of the present time is not aasisted by any artidcial agency and {a the natural resulg of the contraction of the banks for the December statement. Indeed, the same men who plotted to make money “tight!” in October are now just as anxious to have It easy, for they are all “ong”? of stocks. They cannot sell, On the one hand, nor do they care, on the other, to pay the extreme rates Of interest. Agatn, there has been a heavy drain of currency to tho South to pay for the cotton which has been coming ©) steadily to the seaboard. A comparison of receipts for the period since September 1, the beginning of the*cotton season, shows an in- crease this season of over 120,000 bales. Tho great est activity prevatied on Thuraday, when as high as % to 3s per cent per day was bid for the use of money. A relaxation was quite confidently ex- pected on Saturday, but it did not come, the rate prevailing at the close being + a \, which was the quotation in the Long Room, where money is now dealt in as regularly as any security on the general Uist, The fact is, the money which was expected in the way of interest, dividends and the like has not found its way back again into the street or into she banks, The various trust and savings tostitutions have also been compelled to call in quite a large line of their loans in order to have funds by them with which to meet the demands of depositors. In thp savings banks, in particular, a large margin is ne- cessary at this season, when there is such a general practice of lifting botn the principal and interest. Money ts passing from large capitalists and corpora- tions to small holders, and during the period of transition will of course be without influence upon the market, It will soon return, however, through investments and re-deposits, to the banks, and be again united tu the general currents of business. ‘The weekly statement of the associated banks is very favorable, doubtless owing to the additional necessity which they were under to prepare for the quarterly statement to the Comptrolier of the Cur- rency. The figures, the differences and the com- parison of reserve with liabilities are set forth as fol- lows:— Jan, 2 $259, 000,057 20,738,122 34,370,609 180,490,445 48,896, ‘The Habiities compare with reserve as Total deposits and circulation. Legal reserve required Reserve on hand (69,632,543 Excess, 16,915,030 A fine opportunity ts thus afforded the stock- gambling banks—and there are more than a fow such in the city—to expand in the interest of their oMcers and friends who are long of Erie, Central and the re- maining speculative stocks. If the institution which locked up greenbacks for the Erie clique will now change its policy and dispense currency as freely as its reserve permits there will be gala times in Wall street, and Erle and Central, which are so heavy, will go off like hot cakes, There was a sharp advance in gold on the first business day of the new year—the result of the more warlike news from Europe and of extenstve ‘‘cover- ing” by the “shorts” who had sold in the declining market of the beginning of-the week. The price went as high as 1355;—an advance of % from the lowest figure of the day. The rise 1s all the more re- markable as the payment of the government coupons contributed about $6,000,000 to the market, $2,000,000 of which, as will have been seen by the statement, found its way into the banks. The price subsequently receded to 1353%. The highest and lowest prices of gold during the week were as follows:— nest, Lowest, Monday. a” 134) Tuesday 135 1345 Wednesday 14% 134% Thursday 135 194% Saturday... 134% ‘The investment demand for government bonds * which comes at the pertods of the beginning of fresh interest has hardly been felt im the street aa yet, In the morning of Saturddy the market was dull, and at noon weak; but there was some inquiry in the afternoon, and prices closed better, the following be- ing the quotations, in a firm market, at half-past four o’clock:—United States sixes, 1861, registered, 10944 @ 10994; do. do., Coupon, 1115¢ 9 11144; 5-20's, registered, 106 @ 10634; do. coupon, 1862, 111% a 111 !¢; 0. do,, 1864, 107% @ 108; Go. do., 1865, 108% a 10. do, New, 1865, 107 a 107%; do. do., 1907, 10714 & 107%; do, Ao., 1968, 107}¢ @ 107%; do., 10-40's, Togistered, 102% @ 10334; do. do., coupon, 106 @ 1064, Currency bonds, 001 a 09%. ‘The stock market in the first portion of the week was quite ammated and large sales were made of the principal speculative securities, These were by the cliques, Who are gow all working harmoniously together. New York Central sold up to 1003, Pacific Mall to 1203; and Rock Island to 121}¢, Heavy realt- zations weakened prices and the cliques had to hola off. The strength of the market, with the stringency in money so pressing, is one of the remarkable mat- ters of the hour, It shows the all-abiding faith of everybody that there will be an immense rise in prices just as soon as the banks are rid of the burden of thequarterly statement, and may expand again. ‘There are few or ‘bears’ in Wall street atethe present time among the general operators, The feeling is almost unanimously bullish. On Saturday the market was quite buoyant at the last open board in expectation of easier money, and the following quotations prevailed:—Cumberiand, 36% @ 30%; Adams Express, 4854 @ 483g; Mer- chants’ Union Express, 4% & 16%; Quick- sliver, 2244 @ 28%; “Canton, 49% @ 60; Mart posa preferred, 19 a 1934; Pacific Mall, 119% a 110%; Western Union Telegraph, 357% a 34; New York Central, 16975 a 160; Erle, 37% @ 87%; do., pre- ferred, 62 @ 63; Hudson River, 1396 ® 134%; Harlem, 131; Reading, 97% @ 98; Bankers and Brokers,’ 99 pid; Alton and Terre Haute, preferred, 60 bid; Wabash, 59% a 5954; do., preferred, 71; Mil- wankee and St. Paul, 6954 a 60%; do., preferred, 891¢ a 80%; Fort Wayne, 11536 @ 114; Ohio and Missis. sippl, 841¢ @ 844; Michignn Southern, 88% @ 884;; Pittsburg, 84% & 84%; Toledo, 101 a 101%; Rock Island, 120% a 12014; Northwestern, 8214 a 82%; do., preferred, 84% @ 8434; Boston, Hartford and Erie, 20 bid. The looked for relief not coming, a weaker feeling prevatied at the prospect of paying interest for carrying over to Monday, and at the close stocks were pressed for sale, the following quotations ruling on the street, In a weak market, at half- past four o’clogk:—New York Central, 15944 a 160%; Fort Wayne, 119% & 119%; Rock Island, 119% a 120; Northwestern, 81% a 81%; North. western preferred, 83% & 83%; Toledo, 101}, asked; St. Paul, 69% @ 70; St, Paul preferred, 95% @ 89; Ohio and Mississippi, 934 @ 33%; Pacific Mall, 110/¢ & 11955. ‘The State debt of Alabama ts summed up as follows in a recent report to the State Legislature: — Total bonded debt. ‘Demporary loans. tal awe onal trast fond. Interest due thereon. . Interest due on bonded debi Outstanding certificates. . Outstanding State warran! Total.. ‘This estimate does not tncjade all the debt, ‘the State owes the federal government a land tax amounting to $671,777—making the total debt of the State $9,005,005. The uncollected tax of the South- ern States, apportioned during the war, amounts to nearly $2,000,000, which fs @ lien upon the real estate | 1s our upon which it is assessable, The Montgomery Mail, 1 tended t deposit im various lakes in the State of Massachusetta,—Zurunio Telegrap/, Jam be speaking of the taxation in connection with the debt, says:—The lands aud town property of the stato ne seein laieiamdsiniinda enero im 1860 were assessed at $140,000,000, Half that sum would cover their value at present, and we may fairly estimate that $10@,000,000 is a liberal estimate of the available taxable property of the State, To raise $1,600,000 of taxes from $100,000,000 of pro- perty will require a rate of taxagen of one and one- half per cent—just fivefold more than the present rate of three-tenths of one per cent, Those who complain of the extravagance which Induces large importations of foreign dry goods will No doubt be pleased to see the gradual decrease in imports as shown by the following statements for ‘the three past years;— ° Description of Goods, 1966. 1887, 1948, Wool.. 50,405, 18 ee 928 825, imevaee COMMERCIAL REPORT. SATURDAY, Jan. 2-8 P.M. Asmrs.—Recoipts, 12 packages. Pot were dull, but ateadyy at 87 75 e 87 87g, while pearl wore dull and heavy at 83 873g ag Correr.—The market for Rio was fairly active and ateady at our last quotations, The sales wore 2,990 bags, ex Perse varance, and 500 do,, ex Marie Heydorn TI., on private terms. Other descriptions were at cteg nominal. Corron.--Reoaij The which 3°08 w 4 ee acne ‘and 1,180 were in transit.” We quote: — Uplanteand Mr'ileand New Ovleane Pe y —— and Teras, ” EY F “Rene bis, dour, 40 bah ad 1300 40! Ron, Flour enuinned 10 9e wrt i afr ion Mii weld off. derate extent by the bidding low, thongh wit auch expectation of Induetns much Hf any concession, Was some inquiry for city flour for shipment to the Weak India tala ness was Hieht. California flour wag uit duil-and’ "nominal ‘The enlea were 6,000 bhia. Rou er to only n ere ove, Irreapective of pi ‘The sales were cr o Rene heavy, i ih prices were Sales, 100 bhis. Corn x Nig meal was dull, but chan Tn'vaine. we att = w any " 8 it} Hh] LJ w 2 “4 uu 1% varies her. for export act ott " Fer fin ahh rete tea pe efor pases an fon 1 and 9 waixed aprin epring. aaa te Ae in part for ox- Pratl, ut be: we. for ne made 0 hela, at ‘a @o, for new mixed Western; 61 08 a 1 pie for old do, in. atore and afloat; 98c. a $1 for white Western “A e1ig0. a 81 UO, for, white Southern - the Initer price foe Foon besheles ‘Oats were quiet Wnt Btoady. Te, wan freely be for lots tn store, Rive was an but unchanget | tin value, 780 ada Weat bronght #2 20. gerd bushels Cans wah was ull and nomien Faianta.— thong quiets w mats oe. he Eros cet iit atk! corn aig ‘* ree, i fn vet ry ., 400 bores ae Sloe eet To" Sengoty Tao0 bashes core TE ne Trete, dull and nominal at our tare quotations, joderate demand an: fees ie a $1 for BS for rotait ots, Bt 15 0 BE 29 for long rye me and ‘anid weak at 160. a M00. for #8 Ibe. for fair to good do, and Ye. a le. tepanteioge iia waa du, bub aft: aL ITGo. a ge, gold fanila was du rm, 0. a I1Sge., gold § ‘and Sinai fo. a at somtinued te Fale dull and henry ot our Tana quotations. Of New Orleans 87 bble, were sold at NAvat, Souxs.—For spirits turpentine the market wae quiet Dut firmer, ‘cloning at 48, a At the inside priee Q salon of 60 bbls. Rosin.—The lower grades were more sought afer, and commanded higher pi others were om But orm ot ‘There were rales of 2000 bb's. strained at $2 6 a 1, 750 do,. to arrive, at 180 black, at i be Ce ta 4 ny Bacaa de ot atrained, $2 55 ee 3S 65 8 ry Ly pated ye . 84 50 tin do, B68 #8 ‘Witintigeon tar jendy at coh a Ori Linseert wi Dut ateady at 90. a #1 OL in casket and bole, while Other kinda were dull, but uachanged in “HP novaniown.—Recepis, 695 bia. pork, 1,080 do, beef, fit pacl a andl $10 do. lard. | The Amarkel for pork, Pan ait, bit frm at the peices current last Thursday, vite te Now moss, 89%; old do., H21, and superior, prime meas, @ For fotare delivery new mess was quoted ) for Fab and #38 75.» #2 for March. Total stock, old and new, Janus ey, ean, bbe correananding zie, nat mon din, te last 64,090 bis. Dressed ‘arin nt Iasfe. 12%c. for Western, ee ewe Asrong Ses tg and irm at au itt arrivaie'at 108 hen” an atoady, with a mode re antes Meine 10 Piss at eit Rigi for iain idm Bip for gerire do, Fotal_ stock, 0 agen sorveappedieg lagi ickazes ; corresponding date | reo bef was in demand and) of 260 tlerone, mt @27 a 0, dia do. Best hama w ‘Sid Gab ertae ALOR, at siti go for’ No. | to bttmne slesms Ae rondered. UN. —Reoeints, 1,089 Dbin. refined and crade, ‘The latier was slow of sale consequent 11 creased firmness of acllers. mathe tng The sales ware 600 bole, in Rige., at which the market closed strong, with holders sparingly. For refined the market waa dui} but ata white. Bales wore of 6,000 white from January to March (2,000 each month! at In Philadetph at January, id at Ble, 2 the ~ gen was dali and nomi ruary and March delivery, quiet but steady at 83g. @ D¢e., ae wi 5 Optrite me epres, & G., Jan. 9, 1908, Sa nn AI cloast Bran ets | gears cto itt Eas Bes Jan. 2, 19A0. aan alee ‘she, hei pono market days’ prices; ane 17300 bale Ta he ene ee ng a eaters yeaterday, 7,559 bales; ex: Ex-Secretary Stanton on the Necessity fore Vigorous Diplomatic Policy, ‘Washington (Dec. 29.) correspondence of the Clacin- ee ‘nati Commercials) ote Department nl aahorty, vous are pre ars State wen of settling the Alabama claims before the fatal 4th of March that ends his oMcial existence. tale banquets, has completely knocked the m in the head, John bull saw our eagerness: to take the advantage, and, had Sicoaee toon kepe quict, it mignt have succeeded, But has driven our venorabie Cotton market receipts, Ruch paotin sented veu! strike, no! © Yoreata are yy We have béen tuo lon, asa nation of shopkeepers, williny and put up win jesats rather thao ofa war. This is ig A prenam On and we cannot ny weights or col Teapect #8O long aa it Continuos. It — to run up the American fag and not keep ey eh in ogee tions as a prec’ e oa of = the Not “enol td “te be fourtshed, ax it was over the Darricades in Oadin the other day, for whieh the press here is #o loud in ita praise. What that fellow was doing there as an American Consul, with the American is more than | cam out. Tain wiltit bet that at the moment be appeared, the repul cans were giving the loyailats a sound Le peg iv = venture to say that If the truth could be it ja the story. The moment : Sriematte of ours ches the shore of Burope sic oeah {nto an humble admirer of despotic go’ Cuvernmente and i he brings @nt our fag tt isin behalf of our ene mics While the utmo.t pradence and cautious Melo | dom should be exercised in en | these cated Seber eat eek bby joreign terest and Will prove good economy in these governments ‘reniize that We are ae to strike for our riguis as we were willing to stk Our existence on tig suppression Of do tusurrection.”*