The New York Herald Newspaper, March 8, 1869, Page 9

FINANCIAL AND COMMERCIAL. Sunpay, March 7, 1800. ‘Wall street, during the week which has just closed, Wes prompt in its responses to the changes which togk place at Washington, the effect of the outgoing ‘Of the old and the incoming of the new administra- being at once reflected in the prices of gold and States securities, The finances of the country fe om the eve of very important modification as a @onsequence of the new order of things. The in- ‘tegrity of General Grant personally is outepoken in the President when he demands of the legislative branch of the government full faith in the matter Of the payment of the national debt and stigma- izes anything like repudiation. The announcement Of the Cabinet selection of Mr, Stewart produced a Profound sensation and was tne occasion of a second period of agitation and fluctuation, the friends of that gentleman—and their name in Wall street 1s Legion— Predicting @ policy which would be fatal to the high Premium on gold. Mr. Scewart 18 @ favorite on all sides in Wall street, although it 1s impossible to conceal the fact that his selection is viewed with great deal of fear and apprehension by members ofthe mercantile community who are his rivals in basiness. The bankers and the brokers, the strictly Moneyed men, are his advocates and hall his choice @s an omen of the success which awaits the finances of the country under proper management. As to the venerable law which disqualifies him, they suggest that there is @ precedent for suspending is pro- visions given in the case of Albert Gallatin, who was Beoretary of the Treasury and a large shipping merchant and shipowner. The very fact that Mr. Stewart has not rusned into print every week or so with some new financial theory and # mass of statistics israther in his favor than otherwise. Of his financial abilities his own success is a proof. In this practical age, and particniarly in this practical country, the time for fine spun theories has gone by. Ifit be objected that Mr. Stewart is a selection from private life, when there are dozens of well known Professional financiers from whom the President might have taken his pick, it should be remembered that after William Pitt, as Chancellor of the Exchequer (and a full fMedged professor of finance), had muddled the finances of his country for thirteen years in the attempt to induce resumption, he was succeeded by a gentleman from private life, Mr, Vansittart, a sort of briefiess lawyer, but very rich, who brought order out of chaos ina few years, dispelled the national “embarrassment and was created Lord Bexley in gratitude for his services. The unforeseen obstacle of an almost obsolete law should not be suffered to prevent the administration of General Grant from receiving the support of a man so acceptable to the bankers and capitalists of the great financial centre of thecountry. So far as the jealousy of him which is entertained by some of our merchants is con- cerned, it is a cause'ess apprehension on their part, for the President wi!l doubtless require guarantees of impartiality, even if the Secretary elect should not afford them voluntarily. Government bonds on Saturday last touched the extreme figure of 119% for the issues of 1862, but as the market 1s sympathetic with prices at London there was a falling off at the close of the day in con- sequence of a decline abroad, based upon a very ‘unfavorable interpretation ot the defeat of the Public ©redit bill, which failed through the refusal of the retiring President to sign it, and must therefore go through all the stages of legislation once more. On the same day gold was freoly sold at 130, the Jowest point which it has declined to since 1866. Tie “drop” commenced the day before with the an- mouncement of Mr. Stewart's selection for Secretary of the Treasury, but there was a reaction from this ‘Qgure when it was discovered that a serious obsta- cle existed to his administration of the office. The doubt and the uncertainty ag to the settlement of the question were retiected in a very unsettled mar- ket up to the close of business on Saturday evening. Cash gold became less abundant as the weck ad- ‘vanced and in the heavily oversold condition of the market, caused by the decline ia the premium, the activity in loans was quite noticeable, the carry- tng rate ranging down as low as one per cent just before Clearing House time on the last day. On Sat- urday the transactions in gold reached the enormous pum of $152,000,000. The range in the price during the week was as follows:— ‘The money market was active at the tull legal rate of interest, which in some instances was exacted in coin or with the addition of a commission of one- sixteenth to one-eighth. At the close there was an easier feeling, and loans on call were made et six per cent on government collaterals. The weekly statement of the banks as pre- sented yesterday afternoon is not @ favorable one, the item of loans being increased $700,000, agatost a decrease of $3,000,000 in specie and legal tenders. The decrease in specie is due to the large customs payments, and in legal tenders to the with- drawal of money by the country banks in prepara- tion for the expected demand for a quarterly state- ment. The deposits have fallen off $2,600,000, and the discrepancy, as compared with specie and legal tenders, is, doubtless, duo to the return of fands withdrawn for speculative purposes. The last two statements compare as follows:— Loans. Specie rein! Deposi Legal ten ‘The chdinges tn t e crease fu loans. ecTease 1 Specie. Increase in circulat! rené items are as follows:— + $717,986 1,345,960 27,004 pecrease fn deposita... 2,611,738 crease in legal tenders... 689,685 ‘The stock market was subjected to a “bear” at- tack commencing in the early portion of the week and lasting until tho opening of business on Sat- urday morning, When, the objectof the movement had been attained, there was a general ‘“‘cover- ing” of the shorts, resulting in higher prices and a firm market at the end of business, Southern securities were improved, in sympathy with the better prices for government bonds. The Louisianas were the feature, in consequence of a large investment demand, resulting from the fact that the adjoarument of the Legislature put an end to the fear of new issues of bonds. Prices closed:— ‘Tennessees, ex coupon, 67 a 67/4; do., new, 660 664; do. five por gent, 67.461; Virginias, ex cou- Pon, 57% @ ST; do., new, Ol a 62; do., regis- tered stock, 50) & 60%; do., registered, 1866, 64 & 65; do, regutered, 1967, 51 & 62; Georgia sixes, $1 a 82; do. sevens, 92 a 03; do. sevens, interest payable in Goorgia, 8 & 9%; North Carolina, ex coupon, 62) a 62%; do., new, 68 ® 58)¢; Missouri sixes, 50)¢ a 89%; do., Hannibal and St. Joseph, 89a 91; Louisiana sixes, 724 a 74; do. levee sixes, 72 & 72);; do. do, eights, 8636 @ 88; Alabama ¢ights, %4% @ 95; do. fives, 66 @ 67; do, sixes, sterling, 92 a 95; South Carolina sixes, TI & 72); do, new, 70 a 7034; do., registered stock, 62 a 67; City of Memphis sixes, 61 @ 51%; do. Atlanta cights, 78 a 80; do. Savannah sevens, 92 205; do. New Orleans consols, 78 a 80; do. do., is- sued to ratiroads, 68 a 70; Mobile and Ohio sterling, 66 068; do, eights, 55 a Mississipp! Central Rall- road, first mortgage, 69 a 70; do. seeond mortgage, 64% 66; Memphis and Charleston, first mortgage, 90.991; do. second mortgage, 75877; do. stock, 47 ® 40; Greenville and Columbia Railroad, guaranteed, 67 a 60, ‘The following were the closing prices of govern- ment bonds on Saturday:—United States sixes, 1881, registered, 114)¢ a 116; do., coupon, 11614 a 1164; do., 5-20's, registered, 119); & 118%; do., coupon, 1862, 11834 @ 11894; do,, 1864, 1143 @ 114%; do., 1865, 11634 & 116%; do., now, 1805, 112% a 119; do., 1867, 112% & 113; do., 1969, 112% @ 119; do., 10-40's, pogistered, 1043¢ & 104)4; do., coupon, 106% a 105%; @arrency bonds, 102 a 102). The oxports of specio from New York to date in the previous sixteen years compare as follows:— 1,250,800 26,891 Annoxed is a coniparative statement showing the shipments of specie from this port last week and en a is the total valuation of foreign imports at the port of New York for the week ending March 6, compared with that of the previous week:— goods shooreas ‘Total for week............ $4,762,501 $7,255,451 ‘The exports (exclusive of specie) from New York to foreign ports for the week ending March 2 and Since the commencement of the year compare a3 follows with those of 1867 and 1868:— at port,...$3,00y 181 $2,024Si4 $9,s0r-8s8 Thrown on i ict aos *Raarins 8,687,368 watered at port... 473 370,056 Turown on market 2eriL209 | 1eoekste aoriasans The newly completed Albany and Susquehanna Railway is likely to fail into the hands of speculators and stock gamblers, if we may judge from the fol- lowing developments which are made by the Coop erstown Freeman's Journal:— In this connection a timely word to the towns and Susquehanna this reduction on way fre! if your road was now under the control of the ‘“rall- road men,” speculators and jobbers of Wall street? De Do pied uot see the vital importance of main- itiee the ampere and control you now have in board of directors and the road? If so, do you Sonia point of danger, and will you be pre- Pared to mect it? A iew weeks in alluding to @n inv. ation into certain ri matters or- dered by ie Assembly of this State, we mentioned ‘the iss of bonds of the Albany and Susquehanna Company with a privilege of taking stock at twenty- tive cents on the dollar, and Fea inn an inquiry into the matter. We had heard rumors of @ transaction of that character. Since then we met an ex-airec- tor of the road, who was in the board two years ago, by whom we were informed that a year or more ago, being in want of funds to go on with the con- struction of the road, a loan was negotiated with Daniel Drew, one of the Wall ears kings, on a pledge of the bonds of the company, at seventy cents on the dollar, with the privilege (should the com- takin repay the pre Baise aecly Ny we! game at abou! cent ther with 24,000 shares ($2,400,000 par value) at only twenty-five cents on the'dollar, He did not say that this was done by any vote of the board of directors, but left us to infer that it was engineered by some “committee."? However that may be itis not the material pomt with the stockholdera, What they are now interested in is the payment to Mr. Drew of the loan in question and the cancelling of the Privilege of taking enough stock at twenty-five cents on the doilar to give him the control of the road. We ie) not charge that this was a movement designed to eifect that result; but any one may see Who will s00n control the road unless the directors exert themselves to pay off the tempo- 7 joan in question. In the interest of the towns the stockholders aiong the line of the road we call upon the country directors espectaliy—we call on ail the directors opposed to the Albany and Sus- quehanua Railroad passing speedily into te posses- sion of Wall street stock operators—to take early measares to meet the coming emergency. With a concentrated effort in Albany and along the line of the Toad the bonds hypothecated with Mr. Drew can be sold without pe stock subscription Piyigee for al. he has agreed ae fit It wiil be determined this year ar whether those orig’ zinayty interested tn this road, who made sacrifices, who built it and who ex- pected to rela d it for many years to come, shall do 80, or whether D, Drew and perhaps a few friends he may have in the board shall hereafter manage it as they see fit. We have stated the case as we un- derstand it, and now those interested must act or take the consequences. If a clear Lipa taajoril in the board are true to those who elected them wil: be weil. COMMERCIAL REPORT. SaTunpayY, March 6—6 P. M. Corron.—Receipts, 1,496 bales, ‘The market was decidedly more active, the demand being’ principally for export, and prices were firmer, particularly for the low grades, which Were most sought after. Sales wero made of 4,726 bales, in- clading 8,141 for export, 598 for spinning, 487 on speculation and 600 were in transit, For future delivery there were sales of 100 bales low middling, for’ May, at 284g0, and 150 do., for April, at 98 %%c, We quote:-- Uplandsand Movileand N. 0. and gi as, Manele Texas. Ordinary. Rig a7 Good ordini 23 ye, midaia 29 Middtsn, 29% Good m Fit Covrzz.-Rio was stoady and firm at yesterday's quota- tions, but we heard of no transactions. Other kinds were dull and nominal. FLOUR AND GRAIN.—Recetpts 1,392 bbis. flour, 100 do. and 2,061 bags corn meal, 10,674 bushels wheat, 10,626 do. corn and 1,250 do. malt, The flour market was exceedingly dull, and prices were nominally about 10c. lower—exira State selling as low as $6 20, though a higher price was bid foralarge amount for future delivery on speculation. California flour was also dull and nominal, The sales were only about 4,000 bbis. Southern flour was dull and nominal. Sales 300 bbls. Rye flour was slow of sale and prices favored the buyer, Sales 250 bbls. Corn meal was steady, with sales of 850 bbis, Marah’s calorie at $5 10. We quote: 95 505 96 00 5 6 a5 6 a) 70m 775 SMe 65 6%5— 800 860a 70 Tia 900 70— 800 800% 900 950 1100 1 00a 13.00 Southern choice and family Wa 1350 Southern supertine and extra: 6a 900 Cailforn kes and bbi 7 119% 5 710 ae 475 6 510 2 4258 450 —The wheat market was dull and nominal and le. lower, thongh there was less pressure to sell. The sales were bushels. at Si N 44's for, Nov 2 apring, th alores . for No.1 do. delivered. Sorula, was aut nat Rominal at 81 808° guiet, but steady, with sales of about 40, Hic. for new mixed Western, $1 a %1 Ol for old do., in store; for Western yellow and Mo, for do. white, Onts wore ‘an the saarket was rather henvy, closing at 74%¢., in There, were gales of 10,000 bualela at 7dige. tn mires ‘had Y6X¢ex ation Rye was heavy, with salen of ag bust els Western ai i 30. ariey was moderaiely acti of F.00 bus ela a #2 38 for German, 4 102 62 stor Cuvee da West and $3 18 for Ht was steady, with sales of yt,000 veshele at 64 Frriats.—The roarket Was n trifle more active, but rates were again lower in nome cases. Tho engagesnents were:—To Eiverpbol, yer steamer, 22,100 bushes wheat at Sia Sb4d.— aldiaie inet evening.-1,000 bole, rosin at Nd. To ai do. do. nt 96. 7 To Glas: mer, 1,50 bbis. rosin ats. The charters were :— ‘to Constantinopie with ‘cases petro- foum on private terma, and a ship, 794 tons, to Australia, general cargo, oo private terms. Gusxis were dull but steady. We quote:—Bags, I7ige. a 1n}ge. and cloth BU ge. ati {n ght demand, and prices favored the purcuascr, ranging atfrom be. to 180. for Shferior to choles, Hawr.—"The market was quict but frm for all kinds, Manila was quoted at Bae 9 ae Gems Jmoas age. pay Seand biel at 100, 10 loLasars. —We heard ‘of no sales of moment. Prices of all Kinds were hoary and trrogular NAVAL STORE, —Recoipts 128 bbs. ,200 do. rosin, The former still contin hoary, and we on port at yenteraag’ prices, strong with por eatardny's folders demanding #2 60's $2 65 for jeoieg Kinds were dull but firmly held. There were of 385 bbis. seaned, ‘an the dock, at #2 fell 4,000 do,, common Sal goad, common to do., at $2 45 a 83 £0; i N 69 No,i, 8; ees ees Saar wan quiet supa Br Che or epamionts encterteoet Reavy att Ge bi te tor prime winter, with avoall naley at thee’ priser Kinds wore dull’ at yesterday's quo OTLCATT.—Wertern was, dull and nominal at #60 a $50 50, pt bovistowe.—Recelpte, 93 pigs, cut meats, 66 do. and § rd and 203 dressed Ia siffgutey, but a shavte frmer, with, ght offerin rales wore ont about 900 bbis., at "al ‘2 a BSl L754 for new mers Sis Re for old do, and exire, prime were quot fet 26, aud prime mens at #28 50 For future ei very 1,000 bole. new mees for four months he rere acid at Be tiie. a Inge. for Wenternyand. tigen Tey * wi tor ae io bat Tittle demand and, ’ prices, “Deel heme were iekled ie Tiise. for pickled hi bagged do. Bacon was lan prices. market for lard wa exceed heavy, the pod Ley i. on iDine, for NOL to atoam and PreTroueum.— Receipts ne tae ‘and 70 do, crnde, t Tey sates erasotk ont ad at Bc. 8 nae. Aull we bowed Of pa salar ¢ i, in bt rae quoted af about 84, with terme. p. ha wes slow Op Tact ag marl tan Frere achiral 1,600 bbls, 5 May, esas lo Fhilageiphia ‘he market wee re. f0 jos for tminaiata ative: “The ea dned white (or March at , Li 1,500 April to June at tue, and fromm Mareh to dusie at nae. Rior.—Carolina moderate demand, and prices Sioam Haw was bette dy {n: part, speculative, UC AR— Raw Oh sary sais tiie aeeceie eee ate ec eianeeiraarase eee rire ©. do., in Tet out he at, no ay All were steady at “tit Sree toes tig oat beng medeot | Re REAL ESTATE MATTERS. While nearly every department of business ts more or leas affected by the changes incident to the birth of a new administration, and values on the Stock Exchange are subjected to almost wild fuctuations, there appears to be not the slightest disturbance in the current of real estate speculation growing out of these new governmental developments. The activity heretofore noticed in the market has continued to be ita distinguishing feature during the past week, and is ita promised characteristic for many weeks yet to come, The extent of this activity and of the transactions for the period mentioned, as well as for the expired portion of the year, is shown in the fol- lowing table of the gross receipts of auction sales of various descriptions of property continued from pre- vious similar reports:— monDA. A MARCH 1. New a im} + $237,750 Nowy, RS ore unumproved move “B20 North New pera Worenoster es New York, Westchester county, ed Ercnmatadtenss:.. S008 sane Yor! a property Forest pe A ae 9 arookiya tcmpcivet prope Brooklyn muemproved wro ee New York improved property.srs--.% lew property... . New York iproved property. Bice ky eager ea, lem, N. Y., unimpro' Forest “Grove. Westel PCountY, fe, Westchester” éounty, improved Forest Grove, ‘unimproved proj Brookiyn —— 778,800 FRIDAY, MAROH 5, New York improved property. Brooklyn improved property. Total for the week......... $2,874,569 ‘Total tor the month of January. 1,393, 7: Total for the month of February. ++ 9,176,985 Grand total for expired portion of year. .$14,444,285 The excitement growing out of such chee dealings in real estate and embracing 8o extended an area in coe appreciative influences has already caused sucha advance in property in and around New York ae 0 awaken in many ‘houghtfal minds fears of a re- action, involving sad ruin and disaster. How far these forebodings are justified by the experiences of the past is within every one’s knowledge, and there certainly 1s that in the present character of transac- tions in the market to-excite the livehest apprehen- sions. The sanguine temperament of our people renders them peculiarly sensitive to the fever of speculation, and leads them to La uo days, months and even years whatever of promise the future presents them, This Is shown in its greatest force in the course of dealings in stocks when every coming event of an auyrccaare char- acter otherwise is, as they express it on the street, “discounted,” and its consummation finds the mar- ket either totally indifferent to its influence or oppo- sitely affected to that which logically should result, The same rule ape ee beyond all doubt to the real estate market. it future Roce g ery! for New York city when thie Pa Pacific Railroad shall have eed completed; the superior attractions likely to by certain localities when improve- reves now in progress are established facta; the changes in the topography of the island to follow the clearing of the Hell Gate channel; the metropolitan growth and grandeur anticipated for both cities when Brooklyn and New York are united by a series, of bridges, and the commerce of the world eye toll at our doors, all these are being now yunted,”” and prices are graduated to a great extent upon the basis of a value to be atiained when these brilliant hopes are realized. ‘The presence in the market of a very large class of men Who are merely speculators and purchase solely with a view to an early sale at an advanced figure 13 one great cause of this anticipated inflation, and while it is certain that all who buy real property apywhere in the neighborhood of New York city with a view to @ permanent investment are quite safe in so doing, even at present high fi and sure of ultimate fair appreciative return, still ‘nere is danger that in the interval to this realization there may come a reaction, and many who have heavily burdened . themselves in order to secure a lot or more may find themselves embarrassed to that ex- tent that they will be forced to sell ata sacrifice, and by their example frighten others into producing a The f followin te | from the circular of a prominent real estate dealer, 1s deserving of attention in this connection:—“A great ‘diversity? of opinion exists as to the course or the real estate market during the present year, and notwithstanding all the Poors gd that may be exercised in coming to a conclusion, he 4 may, each and every one of us, be entirely at in our calculations; it matters not in what depart. ment of commerce or trade, transactions occur, and realty 18 no exception to a general rale; but when speculation runs riot it 1s time for sober-headed men to be cautious. We cannot doubt that the tendency in this direction has been greatly increased by the reported public sales at the exchange mart. Men have bought lots and lands without looking at them; they have, so to speak, “gone it blind;” they have been charmed wich the appearance of grounds upon paper, with imaginary boulevards, and in a great many instances with prospective imaginary protits, ‘That the fever of 1837 is likely to be repeated there is now no doubt, and it will do no harm to say that there are many men of small means among us who buying pro; fr upon margins of say twenty- five per cent and giving mortgages for seventy-five on account of purchase money Will not only have in all probability che whole of their cans swept from them, but in many iastances will brought into debt. ‘Therefore it behooves men of limited re- sources to stand from under. Tue constant advance in prices such as have occured within the past two years must have an end. How soon it will be before ‘we reach the terminus of that Jane I cannot tell, but I would advise men to buy at — prices strictly for cash, and then they need haveyno fear for the ultimate result. That a reaction will come upon us unawares 1s only to repeat a lesson of the past.” ‘There is perhaps something of exaggeration in the Pictare here drawn, but there are nevertheless words ~ caution tn it that should not be lightly regarded. ‘en accepting it merely as the expression of a ar’? feeling in the market, it suggests the neces- sity of the exercise of deliberate judgment on the part of those who have been drawn into the present real estate movement as to their future course in the event of very possible contingencies. Hitherto the entire tone of the market has becn “‘bullis,”’ and on every side was heard expression of the most profound beilef in the daily appreciation of property and con- fidence in its soundness and stability. This faith as @ universal sentiment would appear to have cul- minated, and while the larger proportion pro- bably of dealers hold to it still, or so ex- press themselves, there are beginning to be heard Whisperings of the dangers of inflation and of the certainty of a speedy reaction, which show the duai growth of a “bear” feeling. ‘This ts but natural, and wili give @ healthier character to the market as the two interests thus placed m conflict can but result in elimimating the feverish excitement of pee ion, and, limiting transactions to upon sound judgment, stimulate legiti- ae activity. ‘The circumstances which governed the value of in 1887 and those afecting it now are so different that whatever may be the future of ~ market the re riences of that year are not likel, be repeated. ‘There is only the same amount of Ae on New York tsland now as there was then, and the ulation of the city has increased in the interval mM About 300,000 to over 1,000,000. Witha frowing disproportion every year, it is almost impossible that Jand on any part the isiand, bought at whatever figure it could cbmmand in a public market, would prove other than @ protitable investment, while the same law of increased and increasing need for the pooper, wants of trade, commerce and population, P= ado] adjoining suburbs proportionately steadily ve. nnouncements of sales to be held this week will be found in our advertising columns, OMcial Transfers of Real Estate on Saturday. TRANAFERS IN KINGS COUNTY —DROOKLYN an , n.¢ corner, 100x1 a ft w of 6th a ma, gern 'of Clinton 625 ft 8 of Sackett Teckecn or oat Maple SE a ca rae ‘Williamsburg road and Newtown ‘ad Rasuwk Pike B Rasavelts. ii we isiserauestae se natch Kila Phere Tenagehace pro Main st, ns, Mary A Lyi propery, Sox160. ponamapiipennge Tt Benson st, ns, 250 ft ¢ of Morris av, 60x100. . ay, 0430 fea w of ‘tn ot, bs Gouverneur Tormpie ron, w 6 8M, Meri’, 7 acres Clinton av, w a, Lot, Monat Hopey 100x100. nto ay, WK r} opt, 100x100. a bas Wi Mi Meany iui eet mange ie Ist av, ¢ #, Lot Mount Raed Eden. 360 NAVAL HOSPITAL, BROOKLYN. Of all the government buildings and institutions in and around New York we have no hesitancy in asserting that there are none with which the public are less famillar than the one which, of all others, affords the greatest comfort and consolation to the wearied sailor, who, after weathering many @ gale in the service of his country, finds his constitution shattered and he himself a wreck thrown upon the clemency of a generous government, Wo allude to the United States Naval Hospital, Brooklyn. The hospital in question ia @ large white marble structure, standing on an eminence on the south side of Flushing avenue, between Ryerson street and Grand avenue. The grounds attached to the hospital have an area of about thirty-five acres, and are neatly and tastefully laid out. A wall of yellow painted brick surrounds the place, while a guard of marines 1s posted at various “weak points” on the premises to prevent con- vaiescents from getting away without authority, Which some of the patients have been known to attempt when grown tired of confinement and too much nursing. These predatory expeditions to the outer §world, when successful, are invariably more pernicious in their effect to the recovering of the imprudent invalid, as Jack will imbibe ‘the ardent” 1m undue proportions, whenever the latter is ‘‘come- at-able,” let the consequences result how they may. Hence the necessity for the exercise of vigilance, but of course in the latter as tn all other rules there are honorable exceptions. The present edifice, which was erected about thirty-two years ago (prior to which an old frame building served the purpose of navai hospital), is three stories in height and capable of accommo- dating 350. Du the war there were at one time upwards of 600 sick under treatment here. Surgeon Palmer is the germ custodian and chief ‘of th the hospital, and assisted by an executive medical officer and three assistant surgeons—among the lat- ter Drs. Robert A. Marmion and Beaumont. One of these officers are constantly on duty. At the present time there is sixty men’ consumption, and such complaints as may arise either from ex- posure or indiscretion. The first floor is devoted to the care of invalid officers, of which class the ‘Bin- nacile list’ is at present clear, the executive officers and assistant surgeons’ rooms, apothecaries’ hall and the library. ‘the latter is not a very extensive one by any means. ‘There are a few volumes of popular histories of various couniries, works of travel, miscellaneous novels, of no particular merit, and any quanuty of Protestant Testaments, together with a very extensive Collection of general literature, such as is ae ee ey Peal aed can Tract Society. Teligious ductions are a pe! a character Siontated to to tempt Jack's taste fol meng end in_study of the law nd profound {heological ideas contained in this cheap supply, and therefore these books remain moulder- ing on bond, shelves from sheer want of ventilation, so seldom thoir leaves turned. Here is an oppor- omg for erase t to accomplish a prac- mae Se e library at hospital ee a3 may be of It as well as interest to the Bick mariner Who seeks to fe the weary hours = the walls of the hospital. The second floor is devoted to the use of en! men. ‘This story is diviged into two corridors, designated as north and south, off which are the apartments for ent, Washing rooms, &c, lace is heated by steam and is weil lighted, The e Hlet is excelicnt, and no deticacy that the mar- ket can afford is denied to tempt the appetite of the sick man. Pe ar ie eeeent is able to walk abou’ and ts regat ning his strength, he is placed on wha is termed “‘haif diet,” but which reality means full and ample supply of fresh meat, vegetabdies, bread, &c., with the exception of butter. The negro ‘ward 18 in a long wooden house connected with the main building. ‘The basement on the ground floor ‘s occupied as the culinary de ent, for wash rooms, storage, £c., aud éach detail presents @ most creditable appearance as to order, cleanliness, economy, and discipline in management and super- vision. ‘The surgeon im charge resides on the grounds in @ commodious and handsome dwelling. There is @ fine kitchen garden, profitably Dag senor which yields vegetabies and its for the inmates of the hospital. As soon as @ patient’s term of service has expired he is discharged, except in cases where & man may have no home or paste fuaae for him, in which latter event he will be retained, but with- out pay from the government. Attached to the hospital is a laboratory of constd- able capacity, under the charge of Surgeon Bache, while among the weep! jows and the sragrant cedar trees cluster round the silent abode of those ‘who in life were wont to mix in stirriug scenes, of those “Whose pligrimage on earth is don Whoee dufic of five is orery n and lend a consoling effect toa spot sacred with memories evergreen in the hearts of a grate- ful country. Buried here are Lieutenant Camp- bell, Lieutenant 1. 7. Sloan, Mate Rovert Burns; Boatswain John Smith, who at the time of his dec 1843, was senior boatswain of the navy; gupner Gustave Newman, a“ gunner Josnua Bryant. There are a many heroes of the late war resting beneath the well kept grasey mound within the confines of this cemetery. UNITED PURPOSE TO PAY THE NATIONAL DEBT. To Tun Eprtor oF THE HERALD:— The 4th of March has come and passed. U. 8. Grant is President, the inaugural address delivered and the Cabinet appointments made known. What next? Why, to see what can be done towards clear- ing off the national debt. As President Grant has promised ‘the greatest possible retrenchment in ex- penditures in every department in government,” to the end of checking its increase, and the employ- ment of every possible means to reduce sald debt— ‘us a big debt, but what cannot 40,000,000 of a united people accomplish if we try? In the name of God let us try, and, setting aside every past difference, let it be the unanimous deter- mination to clear this heavy burden of. With both ends of a house on fire how long can the middie stand? With the government tp right earnest for re- trenchment on+the one side, and an able and will- ing people on the other, with boundless material, let the work apeed speed on to accomplishment. What more beautiful picture could be shown to the world or recorded on the of future bistory than would be presented by the action of an entire free people who, having incurred indebtedness in a family quarrel, were now just as assiduously and su cessfully strivi ee clear up odds and on wk Tees. ot devt and open the way of future peace se, we our enlightened press tate the topic and gre publicity to ideas suggested which may be car- Tied out to this end. Here ia @ suggestion:— ‘To establish a fund, the moneys to which to be placed in the hands of the Treasury ay or soue party auth by be, ree, eve that all and be A one wo nae as they ag hearty gift on peo} mets oH aa’ in YR the pul hes a Fi aid this fund ti services and talent of the press, puipit and prosce- jum could be brought to bear, Kich a te ive their thousands, poor men their pent Soma not be Sree Rag!) a Rote tt ie raat wiling ob hy pa antry and orgoverament im this direction, so humble ‘that cannot help?’ RICHARD BUSIBED. Wid OWNS THE ST. RICHOLAS WoTEL« To THe EpIToR oF THe HERALD:— In your tssue of March 6 there is an article com- menting upon the life and great commercial suc- cess of Mr. A. T. Stewart. In enumerating ry in this in error in sroung en il i ee | ees otatn Seas MARRIAGES .AND DEATHS. Married. ARNOLD—Foore.—In Washington city, aves, Pena ad A hc i AUGUSTA 7 ; March 1, by Rev. We H. Jolasion Mer Ouauty AY May to ‘Migs Samad EC BouLt, both of Paterson. Patersen papers KasvourkenfioutOn Weinesday, a, at the Brick church, corner Fifth at rede aad Tey yh Re ee Mist LBILa Ficw, aeegner of Dr. C, Lo hana New York. Died. ALRENS,—On , March 7, AUGUST AHRENS, in the 02d year of bis The relatives and 18 of the fami! — attend the ine ates fat'rdideno. re street, i ‘ctor bi ‘eaten, Islan on ‘Tuesday afternoon, twelve ee Ataxason.—-i in and na 21 Gays. of faneral see Pereeans PE BonneR.—On Sunday night, Mareh ten o'clock, of apoplexy, Mra, Rebecca BONNER. The relatives and friends of the family are ee fally invited to attend the faneral, from the resi of her son-in-law, George Skinner, ro he nnjec street, on Tuesday afternoon, at one 0 ose Winour furiner notice, bared Burkows.—At Baskinridge, N, J., on pha Maroh 4, Roy. WaTnns Bunnows, of the Newssk Conference, in the 79th year of his CARPENTIER.—On Sunday evening, 7, after a posi ew Mrs. Mancausr W., Wile of anes 8. Notice of of funeral in to-morrow’s papers. CLARK.—At Montclair, N. J., on Saturday, March 6, J. HENRY CLARK, M., D., late President of Pine Es- sex County Medical Society, in the bith year of his o Bian beloved 54 years, 11 months Funeral services in the Montclair Presbyterian church, on TOSMIAY sttarnogn. at one orclock. oe vers of the Essex County Medical Society, of the profession generally and all fonts of the family, are invited to attend, without further invitation. Cars leave Barclay street ferry, New York, at e’even o’ciock A. M.; returning from Montclair at thirty- five minutes past three P. M. ConnER.—In Brooklyn, of apoplexy, Saran E. CONNER, aged 81 years, ‘The relatives and friends of the family are reg) fully invited to attend the funeral, from the resv of her son in-law, Richard Satchell, £sq., No. 142 High street, on Tuesday afternoo! Std ‘two olelock, INVERSE.—In this city, on March 1 ee a, sounaees daughter of John A. Converse, of Montri ae ‘The erebialns will be taken to Montreal for inter- ment. ce Troy papers please Geoaee pary gre N. Y., on Sunday ni March 7, of typhoid pneumonia, FANNy, secon daughter of Stephen and Arimenta Crosby, aged 16 ears. " Relatives and friends are invited to attend the funeral, from the cme ry her parents, at Irvington, on Wednesday afternoon, at hal!-| past three o'clock. Hudson iver Railroad train lea' Thirtieth street at two o’clock, and, returning, ore Irvington at eleven aes va oes five, CurTis.—In Brooklyn, turday, ve mied 6, Ros- ER? H, Curtis, in the goth Tene Of gee ‘The relatives and frien mil are re- spec rally invited to attend the Tutesehil this (Monday) ‘ternoon, at two o'clock, from his late residence, No, 100 Pacific street. Doray.—On Saturday, March 6, after a snort but severe fliness, THOMAS DORAN, the beloved son of Manocuens and Eleanor Doran, aged 22 years 3 months anc The relatives and friends of the fami! fally invited to attend the funeral, om the pest: resi- dence of his parents, 421 Cherry street, this (Monday) afternoon, at two o'clock. Forpes.—On Friday, March 5, ABRAHAM G. ORBES. ‘Yhe relatives and friends of the family are respect- Sidence, 16 Jereraon screet, this (alouday)” evening, lence, 16 Jefferson street lay) evi a al aon eacieiak 1 March 7, sud. /ERRETY.—On Sat morni larch 7, sud- denly, Mrs. ANN GERRETY, aged 42 aavears, : ‘The relatives and friends of the family 2 are respect- fully invited to atvend the funeral, from her late resi- dence, 130th street, between Third and Fourth ave- nues, Harlem, this (Monday) afternoon, at halt-past "Goes, —On Sunday, March 7, after a long iin mn Cantey, » @ lol JAMES Goss, aged 42 ie aust ‘The feends of the Perna sh are respectfully invited to attend the funeral, from his late residence, 700 East Twelfth street, corner r of avenue C,on Tuesday af- ternoon, at two o’clock. GRarFr.—At Jamaica, L. I, March 6, WILLIE, son of George and B. Graff, aged 8 years and 6 months. The friends of the family are respect tne ‘to attend the faneral, at Jamaica, on noon, at 8 o'clock. HARTFORD.—On Sunday, March 7, MaRy FRANCES HARTFORD, 4 years, “4 months and 8 da} Funeral will take place this (Monday) ert at two o'clock, from the residence of her parents, 427 East Fourteenth strect. yriends and relatives are res ly invited to attend, IGBEY.: ey March 7, Mrs. Saran Hia- BEY, aged SA yt ‘The Folutivos and a oe ge of the fuera, frou iteriate Fostionce, 18 sMippeavili wile at bs serio, af ieaoe o'clock. Hins.sudd Sunday morning, March é Hanoy Wautar NIBTOR, only child of Sarah and the tate T. Miles Tl, in the Sth ta of hie ms Notice of 7 ae. wr les gel Jongs.—On Saturday ming, March 6, of para- lysis, ENoon ox ah "er years and 18 daa. ‘The relatives and Ad the family, aud mem- bers of the Metro “say bron also fiends of his sons, William R., Bi Sidney C. and Lathan E. Jones i ge vited to attend the Poon Four the ‘Willett street ferhodist Episco, pal church, , on Tuesday afternoon, at nalf- one o'clock. Jonzs.—On Sunday, March 7, at her residence, No. 812 Washington street, CaRroLins, wife of Richard Jones, mm the 47th year of her eae sham ) Dapers Kiasek.—On Saturday inoruing, sare “6, after a long and painful iliness, at the read lence of her father, Samuel J. Gummere, Haverford, Pa., CAROLINE Buz — wife of the Rev. Joshua Kimber, of Flush- Lantno.—At Cherry Velley, on Saturday, March 6, Mr. WitLIAM LEANING, aged 72 years. Lumrs.—On Saturday, March 6. Exwest Avoust Lunrs, youngest child jobn and Helena Luhrs, aged iyear, § months and 16 deys. ‘The relatives and friends of the family are re- spect, invited to atrend the funcral, this (Mon- day) afternoon, at one o’ciock, from the residence of Mappex.—On Sunday, March 7, CATHARINE Map- ae the beloved wife of Willtam Madden, aged 39 vera funeral will take place from 238 Seventh street, on Tuesday afternoon, at one o'clock- MONTAGUE.—On Saturday, March 6, at Hoboken, AmELt E., wife of Ebenezer Montague, aged 59 years, 5 months and 24 days, Funeral this (Monday) afternoon, at two o'clock, from the First Keformed Church of Hoboken, Hudson street, near Six MCALARNEY, —On bow ig March 6, ANN, wife of 51 years, James McA ey, aged ‘The friends and acquaintances of the family are respectfully invited to attend the faneral on Tuesday afternoon, at one o'clock, frr a ber iate residenee, No. 174 Mott atrect. McoCantiy.—On Saturday, March 6, a J. Mo- Carruy, daughter of Dents aad Annie L. MeCarthy, aged 2 years, 4 months and 6 days. The eral wil: take place from the residence of her parents, No. 14 Seventeenth South Brook- lyn, Phis (Monday) afternoon, at 7 0 o'clock. McNirv.—On Sunday, March %, Jonny B., son of John and Louisa MeNut, in the 21st oe of lus age. ‘The funeral will toke place, from the residence of his parents, 619 West Fifty-first street, on afternoon, at one o'clock, The relatives and friends are respectfally invited to attend, QakLEY.—At Harlem, on Sunday, March 7 on her vith 77th birthday, Mrs. MERCY OAKLEY, relict of m. Oakley. Funeral from the Yonkers Baptist charch on Tnes- day afternoon, at one o'clock. Trains leave Thir- tieth street at twelve o'clock. Friends and reiatives are invited to attend, OsTRANDER.—On Saturday morning, March 6, at his residence, in Brookiyn, of taflatumation of the ee Apraitam D. OSTRAXDER, in the Tad year of Menneral services at the Reformed Dutch church, Ciermont avenuc, near Myrtic, age gs (Rev. Mr. Enyard’s), on Tuesday afternoon, at two o’ciock. ‘The iriends of the family are respectfully invited to attend, without farther nottce. on Friday, | Scand O'NSILL.—-At Paterson, New Jersey, March 5, Mary ELLEN, 01 os ter of John an Ma ‘urnelth im the nen year of her age. ‘The Telatives and friends of the family are re- spectfully invited to attend the fanerai, from the idence of her parents, No. 03 Marshall street, this ‘oe remains will be incerred in Calvary rriages will be in be | athe depot, foot of savers street, on - wot og the tweive train from Paterson, New Jersey. 6 ONE Y.—On Saturday Leo! March 6, the in- fant son of Patrick and Jane O'Reilly a ly, ‘The tuineral wi! ep his parents, 189 Seventh avenui p itonday) sitar: t two O'clo’ eine in Brooklyn, on Sunday morning, March “st yes et is year of her ick ‘The friends and re} to attend the funeral, from her late residence, node street, on Tnesday afternoons ttwo o'clock, Roskymenng. On Sunday, March 7, AntiUR, the eldest fon of Morris and Rosenheim, aged 8 years and 10 months, The friends of the fami attend the og he ad pare respecttully invited to yp of moraing, ateleven rem @ Heid, Xo) 22 Thana CoC ee Pirey-fourea ana Fay: i Rve are! tan 7. wite of John He ica *aaughter oe the tate’ Wane aes Sot the family to aitend acne peat past claveR SS SS ee ie i j i 3 ii a g Fy i 3 1 uA Nineaane, eka Fe poe fo moving way. isl West street, between Gighth and Lives 1 Moge Pion fy by par pte HOUSE, imo genie sie | (060 conte a day? 1 Ol to 38 = MITY CORNER AMITY STREET.—FOR- 3 dished Roos ott with or without Board; French pri- vate family. BREVOORT PLACE, TENT& STREET, a TEY, DOORS he Lica eats es 's furnished Room for a geutie- SHLAND PLACE (PERRY STREET, FOUR DOORS 9 sme waned ‘Large and suai Rooms; house and table first class; convenient to three car lines; reduced. References exchanged. fArenOgs OSCARNGIG eo 8ST. MARK’S PLACE.—DOUBLE AND SINGLE Rooms to very ing front Room second floor; water clonet, £0. 5 ods ay 85, WEST TWEN’ TY. youRTH’ STREET, NEAR beg TMLlegant Suit of Rooms 10. lel suiaule 1 yor single gentiemon; also single oh [Sr STREET, BETWEEN FIPTH AND SIXTH AVE- ‘nues.—Pleasant Boorse, pith iarce pantries, containing Bot and cold water, to ren ‘West Twenty street. Referer 22° SEER ARSeAR Gam ee coal tak a Lad BL, soa WaT. | THIRTY-AEOOND ) STREET—EUEGAN? rsingl sien: private table ‘able it deatfed; terme moderaies EAST TWELFTH STREET. Parlor and Bedroom on second story. ‘Also single Room, with Board. 35 EASI NINTH STREET, BETWEEN BROADWAY € and Gatverst Place o let, together or separately, faneand good (attendance; references exc front Rooms, wi 3G EAST IWENTY SECOND STREET, NEAR MADIEO Nee Ten iackable iovck Rowan weil be rested ote Board, either together or separately. References. 3Q WEST, WASHINGTON PLACE, NEAR SIXTH AVE. avenue and Fourth street. furnished Rooms: on second ‘and men, No mortag. 50 EAST TWELFTH STREET, A FEW DOORS WEST writ pound, St io €8 per weeks w well ventlists si heal out Pheer elt venti ‘wives oF aingie TENTH STREET —A isnt So hl vet free large an hail room; furnished; bath, &e., on second floor; in sult oF eplendi ingle, with private table if |GTON AVENUE.—A FRONT ROOM, WITH tleman and LEXIN 2, hot and cold water, two tries, to a is wife or two single gentlemen, with on inoderate 56 avenues, To let ih s private family, & furnished atiia Room, for gentlemen only ; Fei po ean ; price $16 per month, WEsT TY-THIRD pig 58 58. ome treat wis Board, for famiies or elngle gene TENTH STREET, BETWEEN FIFTH AND SIXTH EST NINTH STREET.—A LARGE AND HAND. without 645 somely ponents aden to let, ge oq ay. WEST THIRTY-SIXTH ae BETWEEN FIFTH 68 4 Sixth, —A well furnished second oo room and two ‘ewro ball Roomas private family; Fessonani 75, fieon Fist pears, Soarenioaly furaisbed, Rocsas, on ena oor} family privates’ reference reqatred. 76, BARROW NEAR HUDSON STREET.— We wish to let tet three handocnelytarnaed Rooms to iogle gentiemen, wah or without breakfant;no moving in (NEW NO, lf FOURTEENTH STREET, NEAR 78; Gis avenues Hinadeomely furaished Woctos, with EST TWELFTH STREET, av- pices seta Las pre oe has Tonished by in con 109 TRENT or qonaet, | NEAR ToURTiE ‘oa the second door, with Board; table Orst class. Terms 10 114.4 ce THIRTIETH STREET.—TO = WIth \dsomely furnished Rooms to and wife or elagie 120 west FORTY-FOURTH STREET.—LARGB front Room, with alcove, with or without Board; gentlemen preferred} no moving'in May. References ex- banged. WEST SEVEN€EENTH STREET, BETWEEN = and Seventh avenues.—A Second poe with 124 provements, or single Kooms to let, fi wabout wnbout Dour, in a private family. 136 Masvoucdl, , STREET. PLEASABE PRONE 20 Room to let, with Board, to a gentleman and wile. Aliso Rooms for single gentlemen; terms moderate, No mov- ing in May. 14.4, LEXINGTON AVENUE, NEAR TWENTY XINTIE street. —Handsomely furnished Rote closots, bot and cold water, with Board, for gentleman and wife or single gentlemen; small private family o! adults, 46 BAST, FIFTEENTH STREET, WITHIN TWO 145 itontes ot Union square.—Handsome furnished Kooms to let, with Board. 'Y-FIRST STREET, GRAMERCY ry ME furnished Suit of Booms om Also eingle Par Qird foor, suitable for Booms for'gentiemen ovation 14§ EAST TWE: TY: SEVENTH ‘STREET. —NICELY furnished Rooms, singly or in quit, with (rst clase Hoard; everything new; terms reasonavie. No moving in lay. WEST THIRTY-THIRD STREFT.—ONB OR TWO 154 ladies can be accommodated with nicely furnished ms and good Board, on reasonable terms, Bo moving tm 174 Wee | WOOSTER STI } imo NEAR HOUSTON.—NEWLY furnished Rooms for ie emmeence ‘ant their wives, Board for lady only; house contains all modern improve- mente, © » WEST THIRTY: srenre STRERT.—A PLEASAN? 216 ) Parlor and Bedroom, with Board, cau be bad, with & eral! family residing as a! coy s ETH STREET.—A cone ll LIVING 219) Misses wana poneaniy Farad oom tole with Board for lady. No olber boarders 99 moMPsoN STREET, NFA WARHINGTON 599 zouteon srarer, Separately, with or without eeeieas ventence; loention good, 24 WHET TRIRTY-SIXTH STRELT—TO | LET, in feed og Eshleman a arto ue eeioas EM, NO.) WEST bag Dense aey Ilona PRI- 369 Fig, tami oe (brown oar a oneal eeplieman ond stone), will let, Ray wife one or two han story. Reference. 293: SEVENTH AVENUE.—TWO RESPECTABLE ME- *) chanics ean have plain, Board and a. ble home on very No other Pay FIFTIKTH REET.—SPACTONS ROOMS N- with to two or free gentlemen and 354? taken ; terms yp verate. = ‘ 532, Since hice Sarge mm ere ilemen; Boat Sy \ PeIvate aut HAVE LARGE AND RMA nished Roots to. let, to gentlemen, with or withy uf Breaxtust 82 Amity DE OR ONE Or, Xy A Fy AND WE Six, @ gentlemen can be accomny poe Br] and good Board ere ery aseyatas Yeats freon Hudeon ant High venti ba OBTIe Cc a oot LADY OF QUIET HABITS ma’, with a widow iniy by y FLOOR PAR hed iT. J ransaten ON bedrooms tr Fie Vat to nn ark mouatiaae re" nerd address M. C oi MG, oral ier H ret, Foret, Accemnonagi at OR PAMTLARS CARD fAND Plnoe transient, $2 80 per day; FO nce, corae Eat | Totes te Pe ree rel NS Re ee ERY HANDSOMB F pw; y fwith frm class alter datteeas 190"