The New York Herald Newspaper, February 4, 1870, Page 9

when, after the nature of his prereset Tao pilots of the port the explanations, rm ire rethern PILOTS OF THE PORT. tions rogardung hus Br 2 eet the 1 iyupeage pre. ty STORY. ‘Whe Present System and the | corre roan cing sends our hosts stall times and the south shoai of Nantucket to the Capes of Dela- Seed eras arama of a we known to grave, bwin a . me Boats.—The pilot boats, from. nature of their duties, necessarily encountering storms and tem- pests, wild waves and jagged icefields, must be con- structed of the best materials, that they may be stanch and seaworthy. Tao rigging 18 also re- quired tu be of like character tor durability. To Dulld @ boat of this kind it costs from $15,000 to 01 for any other port United states. : beatles ae Education of Pitots.—When & yonng man accepts the bustuess of piloting, serving his apprenticeship ot seven years, a4 18 the case with us, becoming Proficient in navigation, to the extent of finding the latitude by the sun’s altitude, to keep dead reckon- ing, to lay down courses upon a cuart, knowledge and management of square-rigged veasels, and par- Ucularly o1 the tides, soundiugs, bearing and dis tauces of shoals, rocks, bars, points of land and hight lights, he can be looked upon a3 @ fixture in tuis port. fils duty is here, lis means of liveli- hood are here, and elsewhere that knowledge Would ve vaiae.ess and he worthiess as aa oid hulk. insurance. ihe rates charged by the marine com- Panies upon plot bouts are Bo excessive as to pre- clude the possibility of their owners euécting an ine surance upon them. The reasou giveu for this 1s that, the boats being exposed to 8o many tempta- tious, the risks of loss are correspondingly increased, and thus tae safety of our boas are contided to the doetriues of chance, in the matier of Ife insurance this will also hold Good, Phe majorty of tae puots are married men aud uave iauiules. ‘They fully appreciate that death is not oniy the ot of all, but especially imminent With them, as they kuow not at what hour the dread Messenger will serve nis suMmons; but taey ure un- abie to euiorace Lue benefits of this system aud make it a biessiog to widow and orphan, as their means are of such an humble character and the premiums 80 high as to devar them from taking advantage of it, ‘Cherefore tue consctousness of having provided for those Who are dearer to him than life, Which the greater nuuiber of men Nave in business, imparting vigor to his exertions and elasticity to his spirits, the pilot hus not, Perlis on te Heep..—So hazardous is the pllot’s life that ikey Know nob what @ cruise may bring forth, Many of thelr vessels have been enguiled in wild hurricanes and their crews torn irom parting wrecks and Washed overboard iu the agony of despuir, wulie oiuers have been captured by pirates or suak by collisions, Among the.n tae most dire tragedies ol Wuich the Ocean 18 often the theatre hus been enacted. Three of thelr galiant vesseis have gone down 1a the storm and gloom, with no record of their fuce, ‘Yue List of suck terrivle octurrences 13 @ large one, embracing since 1853 the Toliowing:— New York buats.—No, 1, Phantom; No, 2, Wasulug- ton, with al iands; No. 8, Virguna; No. 4, Jacob Beil; No, 7, Yankee, Wika two piluts wad two sea- Inen; No. 11, 4. A, Coilins, with one pilot and three seamen; No, 12, Wm. J. tomer; No. 14, Edwin For- rest; No. 15, Julia; No. 19, Jacob A, Westerveit, with one pilot; No. 22, Jumes Funck, sunk by mail steausiip Unton; ‘No. (raised aud repaired), James fuuck, Captured and desiroyed by wwe pirate Yailahassee; 0, 2), Josiah Jonson; No. 24, William Beli, cuplured aud destroyed by tae pirate Talia- hassee; No. 24 (second), William Beil. » New Jersey Hoats—No, 1, Syiph, with all hands; No. 2, Taoias Li. Smith; No. 4, Commerce, Witu all nands; No. 4, H. B. Hut; No.5, Mary Tayior; No. & (second), Favorita; No. 6, George Sieers, with all mands; No. 6 (secoud), A. tewart, sunk by steam. sutp Scotia. And tue pecuniary loss of tucse twenty- three povie favrics Was borne, Ln the majorily oi we cases, by tie surviving pilots. Auvtuer memoravie instance of life thus im- Deruled and lost 18 tiat of tbe unfortunate ‘thomas Freovorn, & piiot on board the ship John Minturn, driven ou sore While laward bouud on ue might oF February 14, 1848. Lo tuat Jearful gale, wich swept the ocean aud the coast, the fouling, sullen Wiasses waisperiug death 1n every successive plunge o1 wie Vessel, he stuck to tus post, and only reiaquished it When the gram tyrant released nun. Out oi Lue twenty-eigay 8ouls On board fourieen were lost, o/ Wao tue galiaut Freeboro was among the lass. Robert Mitcnei’s case on the suip pungray was another zeribie calauuty, ‘ius Courageous puot Proposed “ Reform.” ‘Who and What Our Pilots Are and the Ser- ‘vlee They Render the Nation—Their Organization and EMfciency—Their Reeord for Fifteen Years Past— What a Representative Pi- lot Says of His Mates. The development or another well devised plan on sho part of certain shipowners, agents and brokers of vesselsin New York to lessen the rates of the pilots of the port bas caused among this class of dar. (ing men within the past few days considerable ex. gitement, which 1s not easily allayed.. Tuey have be- Come convinced, so they assert, that a few persons of wealth, who have neivier natural nor national Fight to attempt the control of their pusiness, are trying to impress the Legislature of the State with Zhe belief that they are tar better paid than they pugbt to be; that their Pprivations are but few; that Meither spirit of bold adventure, generous enter- Prise nor gallantry are synonymous with their duties; has, in 9 word, their ‘lines are cast in very plea- @ant places,” their services peing rewarded to a greater degree than those of any other persons con- Bected with the commerce of the metropolis. In Contrast with these assertions, direculy and indt- rectly made, the piio's hold that the rates which they receive fur the veaseis that are taken in charge ‘Dy them do not result per month the year through more than living wages, and anything than the present romuneration would @ventualiy cause theu to ‘seck, after years of @pprenticeship and education for thelr special work, Pjper Means of live iuvod, The recognition of the Proposition to reduce their pay, cansed by argu- ‘Mients full of erroneous statements, would check the incentive of the younger members of the profession R become proficient, and send a keener chiil to the of allthe band than the inhospitable winds ‘Bhat at times greet them on the decks of their tiny frafts—a more harsh rebut! than was ever received from the storms of the sea’ within the grasp of which Shey have for years and years made their homes. 6o little is known vy the community at large of the Bandy Hook pitots—a staiwart, noble crew of about es men, who in sunstine and storm, beueath priva- mm, defying ¢co.d, lussivuie and suffering, have done so much for tho aav:gation” of tae port—that It 1s deemed advisable at tas period of their exist- Bunce to chronicle a tew sacts regarding their organ- (eations and their daily ife, with suck over incl Gents of note as will give a fair estimate of their Status and wortn. 5 THE NEW YORK PILOTS, The enactment of tie Legisiature to provide for the licensing and governinent of the pilots and Foguiacing the pilotase of the port was passed June 8, 1853, and has since that period been amended as @xperlence dictated. ‘The law specified that a Board of Commissioners,” consisting of five per- Bons appointed by the Chamber of Commerce ana She Board of Underwriters, shoula have the power ‘Wo perform the various responsible duties therein fet forth. This was the inception, the starting pointof | W4s trozea to death while in tie actual fs for: fon dui on the nignt of ‘ne various provisions and by-laws, thought to be January 10, “1856. The Tvessel went eashore Just and equitabie, which now govern the New York on Fice Isiaud in a terrible gale. ihe pilot poat K. K. pew The qualifications required of pilots ta this Cotrdus Weut asuore Liat saute night dund tue bind- ing sleet, and tie Waves closed over iour of the poor fellows forever, ‘Lue boat George Steers, that went asilore va Baraegut shoals, wiuter of 1066, when all hands Were soul to the nai account, w not tue least Of tuese herole sacriices, and the spiendid monumental shuft m Greenwvod Cemetery per- petuates their memory. E£cpenses.—1ho mourhly expenses of our boats are very grei Rane rr By tue utmost economy they Wii average $400 for provisions and stores, wiih the ordinary repairs, Wick, by tie Way, of sume Kuad, are required at the expiration of every trip, uniess the weatuer be very Calin. Prouics.—insveud of the profits of the pilots of this “port being enormous, they are very small. - in we Most loriunate Months, When iree irom severe acci- deuts to boats, Wey Will motexceed per maa $120, averaging @ yearly Income Of from $1,200 to $1,5v0, the saiary Of ud ordinary cierk, free [rom all priva tions, hardsiips aod perils. At times, puritculariy Jor the lust past few mourns, they camnot divide more than etgnty doiars per month, and 10 13 not uatre- quent Uhat itis as low as forty dollars—starvauoa Wages lor a unan with family. The Opposition of the “Shipowners.”—The peti- tion Of thc sell-styled “siipowuers of New York!’ co the Legislative for the reduction of tue pilotage of the port must ve understood tuoroughly before judy- iment is passed thereon, its sigoers induige Jacury- mosely upou “decune of American shipping inter- ests,” anu ask Jur @ “relief Irom many burdens,” , culef of which is the question of paylug pilots. ne absurdity of men who are whoily ¢ivageu in vesseis Salling under foreign fags and owned by foreigners exclusively, Unus appeailng Ostensibly Lo Lhe parriot- isin Of Our legislators, 1s loo amusing Lo be noticed were it not tbe entering wedge to tia attempt vo get rid of the pilots altogether—to render pa pirated law @ huliity—and in ume to run tie business théem- Selves. But one or two of the acuvé signers ol tne petition in quesuon are more vhan brokers or ageuts and the decrease in pliotage would be in @ business way sunpiy mouey ln their pockets. ‘Tuat alone 1s bhe idea of the agents of foreign vessels aliempiung the Control of Wis port. Comparative Raies Of Pilotage.—The “shipown- ers” eudeavor, by a system of tavies incorporated in che belure inentioned petition, reierriag to wae ports of Boston, Buitunore, Charleston, and Portiand, to suoOW that tue rates Of New York piliotage is, in comparison, excessive and rainous, tuereby desiroy- ing tue fairly earved and world wide commercial reputation oO; the city, Tne whole substance of this portion of the appeal 18 indireciiy false aud mali- cious, ‘Lhe iacts of the rates of pilotage In the ports hamed, and those of tWo Others, are sunply these:— Boston.—There they have but tive buats, ail sualler than those in New York; they do not cruise outside of une bay, and are in the harbor every night. Ships entering the port are compelicd to go up Wo the light ship tor & pilgé. Baltumore.—ibe pilotage system here is inland entirely Without risk of any characier. It is like taking a sup up the North river or ratuer up tue Mississippt river to New Orleans, and tie rate is tive doliars per toot both in and ous ‘Tue boats never go outside of Cape Henry. Chariestou.—Lhere they have but two boats, about one-haif tue size of tne New York boats, ‘fhe laws there protect the plots thoroughly, ax every vessel not ailing froma home port is required to take a pilot. ‘The boas do not cruise more than the dis- lance of s1X mics outside tie bar, and the water In the harbor, being but fifteen tees, excludes ali ves- sels Of greaier draught. Expenses light, and no compatlous can be imstivuced. Portland.—Tuere tuey have no regular licensed pliots, nor laws governing thuse engaged in tne business. The “smacks” Laat are used by the men «thus eogaged are small and pooriy constructed. ‘They cruise but 4 short distance, and are at anchor- age in their bering every night. ‘The piiots take what they can gel, and it 1s not infrequent that out- Tages are thus practised, davannai.—ihis port differs but little from Charleston, aud the rates are one-fourth more tor fh inward and outward bound vessels than New York. New Orleans.—There they have but two classes of pilots, the bar and river. Vessels are charged by bow, the combined rates being In great excess of that charged by us. The boats are sinall, their ex- peuses liznt, and hardships of the crews but few. Compusoru Puotage.—**The shipowners seem to Jay great stress upon the fact that at times they are deprived ol the power of selecting a pilot, but must engage the services of the first that oifers,” ac. ‘The manner in which they present thia 1s decidediy unjust to the pilots, Inasmucia as the whole of ile ry 13 not wid, ‘fhe facts are these:—When a ves- sel at sea requires and signals a pilot boat a pilot must be furnished her, whatever the character of vie vessel or however light draugut she may be, and however unprofitable. A pliot Lo reiuse a vessel bis services on the score of ‘it won't pay” is liavle to a fine of flity doliars and suspension from duty, From these eenieuces there 18 no appeal, as the jury that convict bun are merchants themselves, appoimted by the Board of Underwriters and Chamber of Com- merce. Because of this compuision on the part of the pilots, the State nas given them a privilege—the right of any certatn pilot to take to sea the same vessels he may bring into port. If he is otherwise engaged wheu calied upon it reverts to any pillow of his boat’s company. Agatn, if in ive judgment of a captain a pilot is personally distasteful to him, application to the Commissioners Will, on the part of the owners, in- siantly result in the substitution of another. Number of rilots.—The signers of the petition in question refer to the “exciusive number of pilots,” ana deduce, bya system of reasoning peculiarly their own, that this is caused by the profits of the business. What they assert 18 quite erroneous, There are no 1ore pilots to-day tian there were ten years ago, aud no more apprentices—and this rule hag been in vogue three years—can be taken until vacancies occ Our Rates.—Yhrough tne late war, when all the necessaries of life were quadrupled tu price, and the expenses of carrying on the business Increased two- fold, the rates of the New York pilots remained un- ohanged, and only when compelled, in self-defence, to asx for an increase did they do so. Vessels Arrived in Port Last Year.—To show the amount of interest which attaches to the system 43 DOW Organized, it ts well to state that there arrived at the port of New York, yia Sandy Hook, Guring 1869, 7,760 vessels from ports, 0 ct were fully aud speciidcally set forth, beiug sub- jtantially as follows:— ‘Tt shall be the duty of the said commissioners, before they ~ Whall grant «license vo any person applying therefor to act Sa pilot in pursyaner of is act, within one week there- wfter to call suob applicant before them and in presence of ne or more of the piluis of tue sald port, licensed to pilot Bessets to and from the aid port by way of Banly Hook, who Whall be notited to attend for the purpose, aud who are by required to attend aud assist in such examina- lon; or in case of the mnon-attendance of the Pilot or pilots who shall be so notified to attend for that pur- then withont the presence or assistance ot any licensed lot, to examine or cause to be examined such applicant, uehing his qualilicativns for the ofice of a pot, and, t particular, to ment of hing bis knowledge of the sailing and age! square rigged vessel, and also touch- bis knowledge of the tides, soundings, bearing und Gistance of the several suoals, Tocks, bars and points of Jand and night lights tn the navigation ‘for which he applies For a license to act as a prot, anu touciing any other matter lating thereto which the wali co.nmissioners may think 2 if, upon examination, the person so applying hall be found to be of good moral ‘character and temperate bits and to be possessed of sulticient ability, skill and expe- ce to act as a pilot, and not otherwise, the said commis- joners may grant hin a license tur piloting veseels to and Soom the portor New York Ly way ofwandy Hook. That they should faithiully perform thetr sworn @uty, and be held toa sirict accountability, it was Gecided that:— ‘The commissioners, before granting licenses, shall requ pilots to enter into recognizance to the people of tate, with two sureties, to be approved by such co mmi: or ® majority of tuem, each In a penalty not exc conditioned that tue ‘pil: shail dillyentiy and faiu form his duties as pict aud observe the rules and regula fons and decisions of the board; and every such recozpiz- shall be prosecuted in the name of tle people of the ate of New York, by or in behalf of the commissioners, Provided a majority of them shin! so instruct. Such is the skeleton of what was required in ‘he law as origioaliy passed, siuce made more strin- nt in these essential pariculars, while additional uirements have been imposed by the Commis- Bioners for faithful performance of duty, the manuer a recording incidents of cruises, fines tor neglect duty, &c. PILOT BOATS. The boats now belonging to tue New York pllots @vhich have buffeted tue wild and stormy weatuer ‘@I the Atiantic coast, esvaping at times the perils of he sea only by the daring of their crews, are, ith their respective Lonnage, as subjoine: Tonnage, N. M. 59.62 24—E, F. (Williams 25—Jno. D. Jones. 6—vhristian Bergh. 7—Fannie..... 26—Enchauwress. 10—Mary A. Willams. 20—Nettle 21—Wn. Hi. 2—Washington..... KATES OF PILOTAQE, ‘The fees for pilotage, as established by the Legis- dature, are a8 foliows:— Inward Lound Vessels.—For exery merchant ves- ae notexempted {rom pilotage drawing jess than fourteen feet of water, $3 75 per foot, For every vessel drawing fourveen fect and less than eighteen feet of water, $4 50 per foot, For every vessel drawing eighteen feet and under twenty-one feet, $5 5y per toot. For every vessel drawiag twenty-one feet and up- Waras, $6 60 per ivot. Outward Bound Vessels.—For every vessel draw- bg Jess than four‘een feet, #2 70 per foot. ‘or every vessel drawing fourteen ieet and less than eighteen feet, $4 10 pexroot. For every vewsel drawing eighteen feet and less than twonty-one feet, $4 10 per foot. For every vessel drawing twenty-one fect and up- ‘Wards, $4 75 per foot. ‘The ratee of pilotage for any intermediate distance @re determined by the Comuntssioners and promul- Leyte Between the ist of November id the Jet of April, the “winter months,” the sum if four @ollars 1s added to the iull piiotage of every essel comlog in or going out of the port. The Commissioners, appointed as required by the fore mentioned statuic, aro Messrs. George W. iunt, Kobert L. ‘ayior, Ambrose Saoow, W. C. fuompson aad Russel Sturgis. THE NEW JERS&Y PILOTS. Governed by like siatutory provisions and strin- it by-laws, both in the manner of appointment a requiyed conscientious discharge of their du- jes, thero are acting under Commodore Cuaries 8. gas, tienry W. miller, David Cox, Andrew J. rake, United Statos Navy; Peter Metsgar, Wiliam . Horner and Thomas b. kndigott, Commissioners pointed by the Governor of the State of New Jer- y, by and with the cousent ot the Senate, torty- ve pilots. who guide vessels from sea by ‘ay of Sandy Hoox for the ports of Jersey ity, &c. Their rates are the same as the New York rganivation, and thelr courage and iidelity to busi- ess equally a8 great. ‘Tver boats are not as numer- us, but just asstauch avd capable of floating the mmblem of their craft, Their names and numbers :—No. 1, Jane; No. 2, Hzra+Nye; No. 3, Dw itcheil; No. 4, Mary E. Fish; No. 7, James W. weil. The spirit of enterprise has crept into the two or- zations by reason oi tie friendly competition tween them, the resuit being an honoraole bh Such is the gist of tie organization and the work. ga of the Sandy Hook pitots, with their boats and @ number and character of men, that have in harge Lue pilotage of vessels 1a and out of this port, fna in opposition to whic legisiative enactinents, me of the so-called ‘American” shipping agents fowners and brokers), have petitioned the law akers of the commonwealth to modity in accord- ince with their wishes. ‘This step, it 1s repeated, used the pilots to concerted action, and that ir views upon the petition in question ihight have sane publicity as it, a HERALD reoorter called VOR one Of their representative members yesterday, which 4,132 paid pllotage, fourths of these were nui said poses snd Inited States. From Southern porta there were arrivals as follows:—Jan- May? 187 OD eary, 160; March, 20: ber, 04;' October, 40; "No 230, “There were war vessels ntl aa 83; British, 1; French. 8; Swedish, 2; <eethees, Saori ist: "coousia : ¥ hy , Yachts, 8. “Of the steamship Arrivals there were 18L merican, 400 British, 25 French 122 North Ger. Asststance,—Hardly does a cruise pass in the wintry montns that the pilot boats do not render some ald to one OF more of the many vessels they meet, who nave been storm-tossed, mayhaps, for days and weeks on the ocean’s broad bosom. In every cave this assistance is extended with a liberal and en hand, as such humane efforts are the dictates of humanity taught them by the sympathies evoked by lives of daily perils, Open Pdotage.— ‘And lastly,” said the HERALD'S gentlemanly informant, ‘ine question of open pilot- age, wiiot 13 so largely Wished by those wno desire to break up the present system, has in years goue bt been tried, thorougiily tried, 1n this port, and fount wanting. There wust be laws to protect it, and laws to protect the pilots of the port, and remuner- ation saitictent to enable them and their families to @xist like decent people.” THE PILOTS LAST MEMORIAL. To the shipowners’ memorial tho puots have pre- yee counter ove and submitted 16 to the Legis. lature, It is @ clear, succinct and satisfactory answer to the so-called evils of a burden wader which the owners assume they now labol bi 4 SENATE AND ASSEMBLY OF THE STATE OF NEw pilots of the port of New York bythe respectfully Fepresont that. the memo~ sented (or your consideration, and asiling feat changes in the present Vilot laws, if granted will, ia the judgment of your petitioners, be productive of great’ evil tothe pilotage System, the safely of navigation and of injustice to the under ned as a body, as your petitioners will endeavor to show. b hs pliotage of this port is e jual to World for eiliciency, safety aud the entire certainty with which a shipmaster may approach the coast, sure of anding & plot weather froin 30 to 40) miles from the port; and the skull with wuich vessels are piloted is ahown in the fact that of 95,000 vessels plloted by the New York pilots within tue last tivteen years but seven have been lost while in Charge of pliots. Ail pilots have to go through an actual sea service of at Joust seven years bofordthey are examined as to their quall- ficatjon to pilot veaes. ‘Tho examination takes place before tae Commissioners, a1 of whom aro mun of nautical expe Tignce, and 16 contlucted by two pilots under thelr supervi- plun. If passed by wis board they are ligensed for fourteen foot draught, and must serve three years longer under four- en, sixteen and eighteen feet licenses respectively, without Aceldent, before they become full branch puots, competent to Pilot ail xewe.s entering the port, They ure obliged, under & penalty, to report all accidents: to the Commissioners ou their arrival ia New York, and are ek to & very strict performance of thotr duties, person thoroughly trained as 4 pilot, is very greatly dis- qrililed for any oilte purault, because of Mis long rovtrle: Uon to this particular occupation; the hardships and dans wers of the busivess are great, and the remuneration not excessive. Of 130 pliots at twenty-five years of age but two er cont reach the age of sixty years, whereas of that nura- Of the generalfty of men acihe same age 61}4 per cent Teach sixty years. ‘The existing rate of compensation of your petitioners was granted in 16, with the concurrence of ail tnteres ‘Sonsequence of the great increase in the necessary expenses of carrying on the business, aud aa this cause atlil exists bho increas Of compensation should not in Justioe be with- awh. hero arrived tn the port of New York, via Sandy Took, durlag the year 188i, 7.760 vessels, of which 4,133 paid pliot- faye, thvee-Courths of winlch ware forelgn vessels. he memorial of the Suipowsers’ Association asks for tho Fepeal of the compulsory ¢ ause of our Pilot laws. All com- rcs ations have compitisory pllotage laws, aud their re- peal in tho law of this port would, in tue judgment of your wetitioners, resnut in the breaking up of the present pildiage system, and create contusion and danger where now there ia order and satety, Safa memorial also asks for the repeal of the sections of the Inw which compel vessels to take the drat pilot w! services at sea, and alows the pilot who brought auto port to pliot her outward when ready for sea, nuivss yoo cause (or a change 18 shown by the sbipowner, “Tha justi Of the rule “tirst come, erved”” Was hever better exein- plified than in taking al he Lirst pilot (ali Licensed pilots are competent) who oifers his servives, as it encourages cuter Prise; aud the right to pilot out a vessel which he haa pllowed safely in is not ony recognized ail over the world, but pre- vents favoritism on the part ot the shipowners (the Coumis- annot {uterlere with this right if they are disposed), ani 18a powerful theltement tp aitention to businedy on the part of the pilot. SIUNED BY ALL THE SANDY HOOK PILOTS, Naw Youk, Jan. 21, 1870, AMERICAN INSTITUTE. Annual Meeting and Election of Officers and Committees. ‘The stated annual meeting of the American Insti- tute was held last evening, in room 24 Cooper Union. Mr. Nathan C. Ely, in the absence of the president and vice president, ww3 called to the chair, ‘The minutes of the last meeting having been read and approved, The SZcRETARY read the following list of regular nominations of oMficera for 1870, made by the com- mittee appointed for that purpose:—For President, Herace Greeley; for Vice Presidents, Dudley S. Gregory, Charles P. Daly, Natuan C. Ely; for Record- ing Secretary, C. W. Hull; for Corresponding Secre- tary, Samuel D. Tillman; for Treasurer, Bylvester R. Comstock; for Managers of the Fair, Willtam H. Butier, Orestes Cleveland, J. Grosuen Herriot, Wil- Nam 8, Carpenter, George Timpson, James Knight, Thomas Hicks, Thomas Rutter, Samuel Kk, Weils, Wm. E, Pearse, Joseph B, Lyman, Thomas Varker, Thomas D. Stetson, Charles E. Burd, J. Owen Rouse, Join A. Bassett, William Hall, Norman Wiard, P. Hi. Vander Weyde, F. H. Snyder, J. H. Shanoon, S. Dickensen, U. P. Sykes and J. T. Smith, A full board of committees: was also appointed. The election will be held on Tiursuay, the 10th Bt. The report of the Committee on the Admission of Members was received and thirty-four new members admitted, ‘The report of the trustees exnibited the financial condition of the institute as in a very tavorabie condition and stated that the surplus fund up to this date had been suilicteat to purchase $40,000 worth of United States bonds, From to report of the Board of Managers !t ap- peard that $61,165 52 was realized by tbe thirty- ninth exhibition of the institute, while the expenal- aittos amounted to $44,000, leaving a net profit of 321,000, The Finance Committee presented their quarterly report, showing @ balance in the treasury on the Bist of January of $772 99. A lengthy discussion took place on a resolution offered by Mr. Hickey to the effect that notice of all motions in reference to the appointment of salaried oilicers be given in writing one month before they are acted upon, The reso.ution was finaly laid on Ube table and Mr. Hickey then gave notice of his in- tention to apply for an amendment to the by-laws to consonance with his resolution. Mr. PARMALEE offered a resolution to the etfeet that inasmuch as a printed list of nominations for officers of the American Institute had been placed n circulation, it should be distincily understood that no nowlnations for such officers ad been made at any reguiar meeting of the institute. This resolution gave rise to a temporary breeze, and several motions were made to adjourn, which were lost, and the resolution was auopted. The meeting then adjourned, SMUGGLING EXTRAORDINARY, Boards of Cedar, and What They May Con- tain—A Shrewd Device. One of the officers of the Custom House was some- what suspicious yesterday morning about a lot of cedar boards which were imported from Havana. ‘The boards looked all right. The surroundings were all right. The only. difficulty was the drayman. The inspector sent for him. He came; but wien he came be found that the weight was not there. He lifted and lifted, and yet after he had lifted the load gers ‘was not the weight he thougnt there ought The load was either too heavy or too light. The carman stopped; aud one of those “terrtbie” detec- tives of the Custom House was near by. He be- lieved that there was something wrong. He he- lieved that the load was not what it ought to be. Ho stopped It, The cart did stop at his command. With him they travelled to the Custom House. When there, Mr. Lewis took charge of the whole lot and Was quite astonished on finding that 25,000 of tne finest cigars were concealed in every row of boards. It was a big haul for the oiicers, who get thelr per- centage on the value of the seizures they make, but for the Custom House it was something better. ‘They have learned by this discovery how cigars are smug- ees vhey will know hereafter how to pre- vent To the knowing ones this method was not new. Congressmen Were in the habit of sending thetr por- traits, cut into a book, about the same way that this snuggling of cigars was done. Yet both are about tocome to grief. And so mote it be, THE NEW POST OFFICE SITE. No, 308 THIRD AVENUE, } New York, February 2, 1870.5 To THE Epiror or THE HERAL Now that the construction of the new Post Office has come to a halt, 10 1a an exceilent opportunity ‘or the proper authorities to consider the outrage they are committing upon property noldergin the locality, and more particularty upon ali the residents of that Part of the town and upon the city at largo in ap- Ppropriating so large @ portion of the park for busi- ness purposes, when every foot of it is worth four times as much for purposes of public recreation and enjoyment, aud as a breathing piace for the over- crowded and over-worked humanity of the lower art of the city, not to consider the question of eauty, Which is an important one. They are getting to understand this subject better in European cities, where, in some instances, as in Paris, they are act n- ally demolishing existing buildings in order to add to the facilities for enjoyment of the occupants of re- maining ones. Whereas we, who boast of a bound- lesa territory to occupy and improve, must needs selze and devote to traffic the only rematning “God's acre” in the busiest and most denseiy populated por- tion of the city. GkO. R. PERRY. Governor Davis, of Texas, has as yet made no changes in those ¢epartments the heads of which are subject to his appointment and removal. FINANCIAL AND COMMERCIAL, WAut STResr, } Taurspay, Feb. 3—6 P. M. ‘The street this afternoon was informed by private despatches from Washington that the prospects of & passage of the Bherman-Sumner bill in the lower House are much more favorable than at frat ap- Deared. The news produced a@ decline in gold and checked the bullish feeling in stocks, DECLINE IN GOLD, ‘The gold market at the opening was heavy on Small transactions, and in the afternoon became actively weak, the price declining to 120%, as against 121% when the board commenced business, ‘ine decline is attriputed to the impression that the Sherman-Sumner currency bill means contraction for this portion of the country, whatever it intends for the South and West, ‘The stupidity of increasing the national bank circulation instead of assisting the revenue of the government by a further issue of Greenbacks to meet the aemand for more currency in the South and West fs on a par with the propo- sition to cancel the three per cents. The “bears,” Who sold gold short today on the expecta- tion that the withdrawal of these certifl- cates will produce contraction, should remember the story of the Irish supervisors, who, having ordained that a new county jail should be built With the material of the old one, also ordained that the prisoners in the latter should not be removed until the former was built. Mr. Boutwell must first produce his greenbacks, and then be may cancel the forty million certificates now on deposit in our city banks. However remote the effects of the bill, should it become @ law, on which latter point there is yet much doubt, aa the Northern and ‘Eastern national banks will not so readily acquiesce In the measure, and we already know tueir power to defeat antagonistic legisiation, the holders of gold were ais- posed to sell, and the speculators sold a great deal ‘In anticipation of a decline. The chief fuctuations of the day were as follows: . % & 120% Holders of gold paid 7x, 6and exceptional'y 5 Per cent to have their balances carried. The opera- tions of the Gold Exchange Bank were as follows: Gold cieared.. + $15,079,000 Goid balances. . 791,059 Currency balances + 962,027 The government sold a million of gold to-day. The bids werg for a total of over two and a half muilions, The prices realized ranged trom 121.17 to 121.00. STOCKS UNSETTLED. ‘The stock market was strong until after the re- ceipt of the news above referred to, when prices fell off and the marked closed dull and unsettled. The Vanderbilt securities and Erie were strong ana hela their own until the general market weakened, when they receded a fraction from the best figures of the day. Northwest was weak aud lower, the decreased earnings producing the effect which was looked for yesterday. St. Paul was steady. Rock Island was strong and more active, advancing to 116, but falling Off with the rest of the I1s¢ In the afternoon, touching 11434 at its lowest aud closing about 114%, Lake Shore was firmer on the light decrease in the earnings of last week. Hannibal and St. Joseph was strong and “C, C. and LC." active. The latter rose to 2134. The miscellaneous list was again visited by the specalative operators and Canton brought upon the ground as the newest candidate for a “movement.” Reports were current that the company intend cam ceiling stock in place of paying dividends, and that they have lately realized’ handsomely by a water- front improvement at Baltimore, upon which the price rose to 59}4. Western Union and Pacific Mall were Jower and dull, In the express stocks Unitea States was weak and deciined to 50, ‘The following were the closing prices of stocks at the last session of the Stock Exchange:—Canton, 57. 53%; Cumberland, 82!; a 3444; Western Union, 3676; Quicksilver, 1534 a 1594; Mariposa, 10; do. preferred, Wg bid; do. cercdes » 496 B& 51; Pi cific 1, 40% 4134; Boston Water Power, 15’¢ 4 15%; Adains Expreas, 64% @ 6434; Wells-Pargo Ex- press, 19}¢ @ 29; American ixpreas, 37/6 @ 38; United States Expreas, 5134 a 5174; New York Central cousolidated, 9734 2 97%; do. scrip, 9434 a 9424; Har- Jem, 133 a 140; Erie, 25)4 bid; do. preferred, 49 bid; Reading, 9634 @ 96'; Michigan Central, 1183, @ 120; Lake Shore, 855; @ 8524; [linots Central, 136 a 1874; Cleveland and Pittsburg, 9275 a 93; Chicago and Northwestern, 73:4 a 73%; do. preferred, 8924 a 80445 Cleveland, Columbus and Cinctnnatl, 73% a 744; Milwaukee and St. Paul, 724 a 73; do. preferred, 8634 & 8634; Toledo and Wabash (ex privilege), 4714 a 50; do, preferred, 73; Fort Wayne, 8534 4 89; Alton ana Terre IMuute, 20 a 2234; do. preferred, 54 a 66; Oblo and Mississippi, 26% a 26%; Delaware and Lackawanna, 105 a 10514; New Jersey Central, 973, a 9354; Chicago and Alton, 144 bid; do. preferred, 144 a 150; Morris and Essex, 663g a86%; Hannibal and St. Joseph, 107 a 10734; do. preferred, 107 a 10744; Dubuque and Sioux City, 1084 a 109%; Co lumbus, Chicago and Indiana Central, 2134 2 21),. HIGHEST AND LOWEST PRICES. The extreme fuctuationss of the leading specu- Jative stocks were as follows:— Highest. Lowest. New York Cen. & Hud. consolidated 974 New York Central and Hud. serip.. Eri Reading Lake Shore. Northwestern. Northwestern preferred. Rock Isiand. Milwaukee . 2 Milwaukee and St. Paul preierred. 86 New Jersey Central “ 91% Western Upton Telegraph. 2655 Pacifi¢ Mail 40°, Canton. 67 GOVERNMENTS DULL AND LOWER. The decline in gold was directly operative upon the government market, where prices fell about one- half percent. The heaviness was assisved by the general dulness in bonds, which seem of late to have lost spectiative attraction, while the foreiga quotations for flve-vwenties came barely steady. ‘The only transactions at present ta this departwent of Wall street comprise a small over-the-counter demand from up town and out of town buyers, The following were the closing street quotations to- night:—United States currency sixes, 111 a 11134; do, sixes, 1681, registered, 11734 a 118; do. sixes, 1881, Coupon, 113 a Li do. five twenties, regis- tered, May and November, 114% @ 115; do, do., 1862, coupon, do., 115)¢ @ 11594; do. do., 1864, do., do., 114% @115; do. do., 1885, do., do., 114% 2 115; do. do,, registered, January “and July, 114@ 114%; do. do., 1845, coupon, do., 113% a 113%; do. do., 1867, do., do., 114 a 11414; do. do., 1868, do., do., 114 &114)¢; do. ten-forties, registered, 1004 10915; do. do., coupon, 112 a 11214. SOUTHERN SECURITE There was unususl activity in the Southern State bonds and a generally strong market. Bxception- ally the new Tennessees rec from the advanced figures of Jast night and declined from 60 to 47. The old bonds were steady. The North Carolinas Were steady and strong. The features were the South Carolinas and Virginias. The latter rose to 67 for the new bonds, an advance of about three per cent since yesterday. The South Carolinas were quoted $7 bid for the new bonds, with none offering under 90. In addition to tue demand from tie in- surance companies the bouds are in request for in- vestment, especially since te tntrodaction in the State Legisiature of s bill to create a sinking fund commission who shall have power to gradu. ally extinguish the State debt after the manner in which Secretary Boutwell ts buying In the national debt. South Caroliua holds about $2,500,000 in various securities, which, together with tho proceeds of the sale of public lands, it 1s pro- posed to devote (o the sinking fund process, with a view to the reduction bf the debt at the rate of about $1,000,000 annuaily. The Louisiana leveo bonds also wero active. Tue following were the closing prices Of the Southern list at the last session of the board:— South Carolina, ex coupon, 86a 90; South Carolina, new, July, § 0 87; South Carolina, new, October, 67.290; Louisiana, ex coupon, 68 a 69%; Louisiana, new, 65 a 67; Louisiana levee sixes, 68 a 633¢; Louial- ana levee eights, 8048134; Alabama fives, 64 bid; Alabama eighis, 94 bid; Tennessee sixes, @X Coupon, 5434 @ 55; Tennessce, new, 48% a 43%; Virginia sixes, @X coupon, 62 @ 6254; Virginia, new, 66 a 68; Georgia sixes, 80 bid; Georgia sevens, 92 a 92); North Oarolina sixes, ex coupon, 41% 443; North NEW YORK HERALD, FRIDAY, FEBRUARY 4, 1870.—TRIPLE SHERT. 9 Carolina, new, 25% bid; Missouri sixes, 01 bid; Mis- sourl and St. Joseph, 01 a 9134. THE MONBY MABKST STEADY. Although the accumulation of funds at this centre Still continues there 1s more steadiness in the rate on call, which ranges from five to six per cent, ac- cording to the class of collaterals and the standing of borrowers. If any transaction to-day occurred above six percent 1t was exceptional, or the bor- Tower was indifferent about making @ new engage- ment and let an old loan lie over. There were more transactions at four per cent, but they were confined to the gbvernment dealers, who are offered a great deal more money than they can employ. Commer- cial paper ts im good demand at rates of discount ranging from 63, to8 per cent; out the market is not abundantly stocked, as the merchants and com- mission houses are doing little as yet, atthough great confidence ts felt for the spring trade, particularly since gold has shown so much steadiness. The President of the National Currency Bank writes us that the difficulty with reference to.the check of the Broadway jewelry drm has been satisfactorily ad- justea, MoLAanges.—The market for this article continued to rule dull, there being no fe demand exospt for retail lots. were heavy and nominal at the following quotations :— Yorto Rieo, 406. w bbe, ; old Cada centrifugal and mixed, '& M00. ; old Wo. clayed, Sue. a Bie. ; new do., Bc. do, miscovas 4c. w 420.5 new do. Mic. & 50e, ‘a dbo, = iy old dans Bae Sessakas Pach yh, Rapid taro bia New g jen git Hilco, 8,788 do. Zagliah pe ani AV AL STORES. —F¢ demand was more actice, and aa the oferings ware light, prices were dee cidediy higher, closing at 48)¢c, a 495gc. for merchantable an@ shipping, with some holders demanding Sc. for owt wan aes but uncheeca tg rab ie lea'were e chang 250 pbia, No, t aikd pale at. #4 % 4.05, 250 ao, Noth 2 50. We quote: Strained, #215 = $120; No. % 15; N $2 87 )4 & #4; pale, e425 ; extra. Wild gints "9028 i Rar'van dul Beet er oe bap vt nb: fone gpotattons, and we honed ot be eal consequence. Jo) jot linseed fig, aio. in casks and bbls, mare ae ‘TROLEUM.—The market for crate in bulk was dull, FOREIGN EXCHANGE WEAK. r Theexports of cotton have been so fatteringly these Rel but ise. Fg geet holds rere pore sarious rm a 3. large within the past few weeks that the foreign | igre ten ote ror this month's delivery a0tsbie: wreee” wold exchange market is seriously {celing the competition of commercial bills. Rates to-uight are again an eighth lower. The market closed with the following at “163¢c., and 5,000 bois. to be delivered betwoon Tivuavill and Olt City daring the next sixty Cays were sold at 4 if seller's option, For crade, in bbls, the market was dull about 2c. ; we heard uf uo sales, "Reflned was in better de- Cy but there was no improvement in pri quotations:—Steriing, sixty days, commercial, 108: | The'marcet bowing at Stes at whlch price sellers wore seat @ 108%; good to primo bankers’, 103% a 108%; | erally anxious to realize, The sales wore 1,400 ry 600 2,000 do, for Maren ai lower, bettg offered nt 11 ie. Duis the canst wee dull, hace bettie bur tele inquiry, pbia the market was Ing ‘* red buyers; 2500 bbls, were disposed of at oF 8.—Receipts 817 bbls, 264 packages out a ecel a LY bile. Pe ie eae te lel, there being scarcely any n private terms, but sup) "4c. and 600 casen ai No sales ware sepatied at B2ige, a Bisge.” Ia Phila 4 short sight, 10024 a 10934; Paris, sixty days, 5.2136 @ 5.174; short sight, 6.10% a 6.15; Antwerp, 5.2144 @ 6.1736; Switzerland, 5.21)¢ @ 5.173,; Ham. burg, 3554 @ 3634; Amsterdam, 40%, @ 40%; Frank- fort, 40% a 40%; Bremen, 78% & 79); Prussian thalers, 7034 @ 7144. RAILWAY RABNINGS, The earnings of the Chicago, Rock Island and Pacific Railroad show an increase of $36,800; Lake 810) meats, 1,2 market for pork was very ny deme nd, and prices were again lower, clos ut. foruew mess. wre teat ion $6 ‘the sales were 600 bo at ey ed ‘March at $20.00. 250 bbls. meas for Shore and Michigan Southern a decrease of $5,792, hi Sige: niet, and Cuicago and Northwestern a decrease of $50,112 | citys Heur haus were quiet but stesdy, Small sales were for the fourth week in January, as compared with made at Texas and #81 a $38 for Western, the corresponding period of 1889, $20 for Was quiot, but steady in value. There were sold 7 bids: At oi) a B14 for piain meas and Glin $17 for extra dot small lots tlerces, at 826 a $26 forprime mess and ee for Indiado, Bacon was dull, and we heard of no sales, Prices, however, were firm at bout Ibe. for loug clear short rib, Cut meats were Or for ali kinds, hama, which were fairly active, sellin bbis. on private terms, - Prices were tations. ‘foe market for lard wav very quiet, there being but littie demand, and prices were heavy’ at yesterdays tions. ‘The sales were 175 packages, at 1 to prime steam, the latter closing at 16e. apoe, for March delivery, at 16. and THE SUB-TREASURY REPORT. The following shows the results of to-day’s bual- ness at the Sub-'reasury in this city;— $83,099,256 + 426,844 see 184,085 19,200,027 + '809,447 . 263,085 4,174 088 + 85,477,508 one 417,000 Currency receipts Currency payments, Currency balance. Geueral balance... Customs .. ion wae tn better demand at about former prices, the sales being 35) casks, at O40. a /1ge. for common to prime, SEEDS.—Linased Was-dull aud nominal at $2 87, gold, daty paid. Grass were dull and prices were nominal at former : Peeationn: ty y at Bri « .—Rened wwe more tofter, but at lower. SALES AT THE NEW YOR STODK EXSIANSE. Pee eiecacharare genmaoetin wo oe — UAT: There Was only & moderate degree of activ ‘Thursday, Keb. 3—10:15 A. Me | tie muriet, but no shane in prices, waicm, However, oon now ot the fi 82600 US 5-20, ©, "67. wow do. 100 do. 500 US 6-20, 1, ‘7LOU0 Teun 6's, 4iu00 do. 100 hs Curb Coal p Tel 3 10 West U é to favor buyers. In couney od Was Guiey but wit c! a le. at “Pair refining. Good rountog Fair to yood gr 10000 Va 6's, exc. 200 Adanis Ke. 2UUb doy, N ‘50U0 Va 6 109 Wells-Pary Molasses, h Melado, 1100 do...5. souNY Ck Re: 1 aucun 2000 La 6' 60000 do. q ve. 25000 do 200 Erle RR. Porto Rico—Retiniog 1000 do 10) Ente pref. Grocery'grades, ss 5000 Jersey City w by Amar Co. made the stock to-day 10000 Erte $4. ty » boxes, 245,178 bags and 047 melado, Tue market was duli. but uuchangeJ. Small made within the range of 1bige. 18c. N¥,—ihere was m very large business consum ‘entirely for export, 010 Ibs. (chfotly fur abipment to {pts LO bbie, ‘The market _was only but prices were ene sleady. There wore ter price being paid for 1000 Erfe $d m. 6u00 Mich § 8 f bonds. . 500 Cen Pac RR g bds 4000 U Pac RR ist m. 11000 Wii mated in new Arctic, the demand betny ‘The sales amounted to moderately act J DbIS. at 99/40. @ 99 }g0.—the small lots. CHAMBER OF COMMERCE. 189 Chie & NW 100 2 do. be 7100, C, Cin & Tn RE. 7595 1WN'S Central BR... 98 9% 2000 Great West 2d m.. 7714 10000 | 40..ser cesses 7 20000 CC kind Gist: 734 8000 ds + 583 0.1 Meeting of the Magnates Who Permit Congress to Make Laws. 10) Obio & Miss RK. 1000 do. 208 B00 Morria & Eu RR... 663, 10) Dol, Lack & Weesese I 100 H a@StJo RR The Proposed Law for Authorizing Moeteorlogi- is m4 * 2 4 cal Observations as a Lookout for Storma— lo. Ma - Lty ‘ac 4 ae Tiers The Sandy Hook Forest—Taxation on 200 StL ATM RE rh Bonds and Mortgages—Tho Rocen- 190 Canton Co... 12 M. nnd 2:15 o’Clovck P. M. 73000 us 6's, "81, cou.. 118!4 #10000 US 5-20, 0. vortibility of Legal Tenders. small 11734 1v000 do How Ues, Sis rep se aN Oe, The antiquated individuals who are banded to 10000 US 6-40, ©, *6: 4,000 US 5-20, gether, under the name and title of the Chamber of soos. us S96; 0. 5: fon en Commerce, met in stated session yesterday afver- to ie 20000 88 # noon, and proceeded to venttlate their views as to ‘20000 do, lowd do. what laws Congress and the State Legistature showd be permitted to adopt, with their sanction. Among the matters of minor importance wero the resignation of Mr. A. G, King as a trustee for the Institution for the Savings of Merchants’ Clerks, ‘The resignation was accepted. Mr. B. schlessinger was clected @ member of the angust Chamber, Mr. G. W. Lane elected a member of the Arbitration Committee, and Mr, H. K. Bogert was elected to succeed Mr. King @s a trustee of the Institution for the Savings of Merchants’ Clerks. After some slight discussion it was deeided tbat the Chamber should cast its vote on the basis of eleven shares of stock held by the Chamber in favor of reorganizing the Bank of New York under the banking laws of New York State. This may be the frat blow at the national bank system. George W. Dow presented a report on Meteorolog- 500 US 5's, 10-40, c, Ono o’Clock P. M. M0shsLSLMSRR.. 5% 3 20 sb 6 8, 1400 N Rio 94 1009 call 94 10000 do 200 Clev & Pis 840000 Tenn 6's, n Bonu0 do. s0u0 N Car 00) do... 10H é St Jo RR. 180 Hi & &t Jos pre lo, 50 Chi, Bur dQ RR. STREET CUITATIONS. ical observations, accompanied by the following Hall-past Five o’Clock P. M. resolution, which was adopted:— Resolved, That the Chamber of Commerce of New York cordially approves of the proposed law, House resolution 602, for meteorological observatio wibmitied by Hon. H. Ke Vaine, and requests its adoption by Congress with the amendment suggested tn the report accoupauying this raea- juton. Captain SNow moved the appointment of acom- mittee to memorialize Congress in regard to tho tn- jury inflicted on commerce by a certain railroad cor- poration tn the destruction, without authority, of the cedar forest at Sandy Hook. George Opdyke, Rus sell Sturges and George W. Blunt were named as such committee. Jt was moved by Mr, McKenzie that a memortal be prepared and presented to the Legislature during the present session, asking them to exempt from taxation both bonds and mortgages. He stated that by taxing these & double tax was collected on pro- perty, Wi.ch was highly detrimentaleto the real erest of New York; that while these en- gagements were exempt from taxauon tn otuer States money would naturally dow there for invest ment. ‘The matter was referred to # special commit tee. Readin, in4a 72% Northweatera pf Bx/ga 49 Rock Island... W4iga 114% 7 ait NY Cen seri; Erie. Dee 944 St Paul... 25 Bt Paul pref. COMMERCIAL REPORT TUORSDAY, Feb. $-6P, M, Corron,—The market for this staple was quiet, the de- mand from all classes of buyers continuing light, but prices were steady at yesterday's quotations. The salos were 1,045 bales of which 768 wero for spluning, 246 for export and 13 on speculation, For future delivery thera was a fair busl- ness consummated at quite steady prices and the sales wero as follows :—1,000 bales basis low middling for April at 25'4c. 8 25'4c., 900 do. for do. on private terms, 660 do. for March at 243, 100 do. for July and August nt 26'¢., 1,000 ao. for February at 24 and 20) do. for do. on private torms, We append the current quotations:— Uplands and Mobitrand Memphis. N. Orleans, 28K 4 $ Mr. Groom presented the following preamble and Low middling. 46 2544 resolutions, tho discussion of which was made tae Middiing... B95 5 special order for the next regular meeting: — Good middiin, a bans an it In expressly declared in section 1 of the Corres.—Rio continued steady in value, though the busl- ness was light. Sales 985 bags, per North America, on pri vateterms, By auction 2,624 bags Santos, at 16'4c. a 20!¢c., der act that the potey Issued by euthority thereof i be receivable in payment of all loans made to the hited States, and of all taxes, sternal duties, excises debts. and demands of every kind due to the United Ing 16 64-100c., gold, duty pald, OU States, except duties on inporta and interest, and Dur dnchanged. Oly CUty DAKE ier Kinds were dull’ | OMe Cietne wads demande, “imag: time OME FLOUR AND’ GRAIN. Receipts, 8,696 bbla. flour, 100 do, | States, except for interest upon bonds, notes and coitid- ‘and 1,896 b: J, 21,810 bushels wheat, 1,500 do. corn, | cates of fe oF MS beg ene t also ig aaa 1,60 do. 10 do. rye anil 2,803 do. malt, money and ® legal tender tn payment of ket ruled dull Dest met tae tt devia, public” and- private, within the United States, except duties on Iinporte and Interest, as aforesaid” aud whereas, In section 23 of the National Bunk ‘act 1 specitionlly stated that national bank notes, duly tartiedy “shail be received at par in all parts of theUnited states pout of tax nds and all other wo 8 on imports; and also for nil sainries and other debts and demands owing by the United States to fndividuals, corporations and associations within the United States, except interest on the public debs and in redemption of the national onrrency;" aud whereas, 4 bili Jotended toftmprove the credit of the United Btatess government was passed by the House of Represen were scarce. Ihe sales were voninod California flour was dull and nominal. quiet but unchanged. Sales £00 bbis. with only a moderate deman. Sales 200 was stil! dull and prices were nominal, Round hoop Ohio, aiipping iareh 1%, and the Senate March 16, 1889, vi at Round hoop Obto, trade bran in order to remove any doubt as to the urpowe St. Louis low extra. of the government to “dlacharge ail | just obilgatious D St. Louls straight extr Bt. Louis choice double extra, &t. Louis cioice family Bouthern cholce and farn' Southern superfine aud to the public creditors, and to se.tie contlicting questions and interpretations of the laws by virtue of which such obliga- tions have been contracted, tt clared that the faith of the to the paymrent in co! lions of the United United States hereby provided and ue- tates is solemnly pled alent, of ail the obliga- joterest, known as of the Interedt bearing obligations ja cases where the law authortziny ine nee wa _ more active, and in apiia of the decline in Liv erpool prices were firmer for choice spring.: Winter was lower. ‘The sales comprined %,000 bushels (part last evening) jon has expreasiy provided thai paid Jn lawful money, or other currency tban but none of sald atereét bearing obligations, lore maturity, may iver; Not already due, shail be paid or redeemed bet at $1 1744 a #1 18 for fair No, 2 Chicago spring, $1 2) | unlega at such time United States notes shall be convertible I is for Milwaukeo, #1 21 fer choice Minuesota, $1480 | juto coin at the option of the holder, or uuless at such time #1 3) for amber winter, #1 62) for white Genesee and $1 5 | bonds of the United St exring a lower rate of intercst Lifornta. Rye was dull and nominal at We. aie, Of 17,000 bushels No. 2 rund State brought 87c. a 87 4c. ‘dull and nominally lower. ‘The saien were 12,00 a ffie. (or yellow Jersey, and 9c. for er, old mixed was quoted #1 05. 0: lower. The sales were about 25,00) bushel for Western in store and afloat, ive. « Guc. for Bate, for white Ohio. Faeron7e.—The market was more active for grain, rates for which, however, were fully 44d, lower; other urticies ed but could not be shipped, except ‘The demand for versels for char- pay coin for ita demand obligations, be it therefor: Henolved, That tt is the duty of the government to {save to the holders of the nou-interest bearing demand obligations, taterest bearing Yonds in exchange therefor (wheuever they shail request the saine); and be it further Kesqved, tw c0-0pel acon at 28, OW, per steamer, 22,600 bur ahala wheat at aur at 2s. To Lon 000° bush jon, 500 bbls, flour at 2 TY@ at 6d., 400 boxes starch al Wa, and per steamer, 1 ‘oO spirit anit letter, and also to co-operate with bi 'A, per ing a plan whereby an opportunity bail be offered to the holders of legal tender notes to fund them (at their option) in sums of 1,000, and tts multiples, Into bouds bearing interest fustic at Ibs. whalebone at 1c. cif ‘Mt the rate of & 65-100 per cent per annum, bonds (fnclud- 4,000 | Ibs. whal bone id, The charters wore ion | ing {hterest) to be mada paracie on deimud in enid loual brig, 800 bhds., to the ide Cuba sud back, sugar, Sc, | tender notes,