The New York Herald Newspaper, June 27, 1871, Page 8

THE METHODIST MUDDLE. The Bishops Non-Csncur with the Bosk Com- mittee’s Finding. DR. LANAHAN REINSTATED. Probable Resignation of Dr. Carlton—His Answer to Dr. Lanahan’s Latest Charges. ‘The Methodist Book Concern trouble grows more and more complicated, owing to the incongruous elements of which the Church machinery is com- posed. The discipline gives the veto power in cases Itke this trial of Dr. Lanahan to the bishops, two or more of whom are expected to concur in the final action of the committee. ine trial opened on the 16th inst. With only Bishops Janes and Ames pres- ent, and they upon consultation found that they would not be likely to agree, and at ouce they tele- Eraphed to Bisnop Scott © come on. But he never received the telegram, and a second one was sent durag the progress of the ‘rial, which brought him here in time to hear the summing up, but not the evidence. And although the testimony, or a portion of it which related specifically to the charges against Dr. Lanahan, wus read by the oMicia! reporters afier the close of the triai, 8Ull Bishop Scott did not con- sider himself at liberty to take any part in the final decision. It was, therefore, jeft to the two bishops who were present throughout to decide. been mM secret session ever since the trial, and yester- day notified the committee that BISHOP JANES HAD CONCUR) and Bishop Ames nad not. The decision of both Is written out at lengtn, and will be rormaliy pre- sented to the committee this morning at nine o'clock. Bishop Ames holds that Dr. Lanaban had a right to apply to the civil courts for the books to which he had been denied access in the Concern, He also gives Dr. Bingham, the secretary of the committee, a scoring for his afidavn accompanying Dr. Carl- ton’s answer to the mandamus proceeding, Bishop Janes, for the reasons which have commended them- selves to the commitiee, agrees with their action, ‘The result of this snarl is that Dr. Carltou has writ- ten his resignation, and, it is said, to-day will hand it to the committee. But tus body, it is understood, gecidedly ooject to this action of Dr. Carlton, and will refuse to accept it unless it is absolutely in- sisted upon, But meantime Dr. Carlton nas given the committee a detailed answer to all the allega- tions of frand set forth by Dr. Lanahan im bis answer jast week, and whicn were sent broadcast over the Jand Without a reply or an explanation. Dr. Carlton sets out with the Bindery Depart. ment, in which Dr. Lananan claimed to have shown @ 1088 of $25,000 in the single Item of leather, and says that this aliegatton was thoroughly examined by the Book Committee at their session held in February, 1870, and the proof tatled to sustain the allegation. Then, as amounts of stock and work in 1868 and 1870, the answer sets forth that the figures given by Dr. Lanahan as representing the amount of stock used In turning out the work of the years in question are FAR FROM BEING ACCURATE. He appears to have ignored the inventories both at the commencement and close of each period. This fact has great weight in determining the force of the inference he seeks to establish when he says, | “There is no mistaking what these differences mean,” four the amount (money value) of work turned out depends on the charac ter of the work. For ilustration:~The Imperial Bible was brought out in (the first year selected by Dr. Lanahan for bis com- parison). This isan expensive book, and for the superfine edition the best materiais are used. In anticipation of a large sale abundant material for binding (morocco and boards) was purchased. The sales did not meet the expectation, Some oi the material purchased in 1568 is now on hand, and as Dr. Lanahan only takes notes of what was pur- chased during each year, itis easy to see how the Superintendent of 1870 possesses an undue advan- tage im the showing over the Superintendent of 1868, Again, there was more of what is termea fine binding done in i768 than in 1870, aud, upon the plan adopted of Superintendent of 1863 is placed in an unfair re- Jauon. The work of 1870 was principally what is Genominated ‘*mall work,” in which mach less expensive material relatively was used. Dr. Vincent's “Berean Series” amounted to $8, 7 im the whole of the sheet stock for that year, Which was $49,163 21. Dr. Lanahan alieges a differ: ence in the quantity of binders’ boards used of Mfty | tons, whereas the difference is only 3° 1000, as verified by the inventories and invoices now on file, The dite rence in the character of the work of the years named would account Jor the difference in the quantity of boards used. Again, as to the relative cost of material In turn- ing out a given vaiue of work in two diferent years, regard must be had to the market value both of the work tu rned out and of the materiai of which that work was composed, The market value of our books has not changed BIN Ce nsf, 28 AN Imspection of the catalogue Will show. Therefore the Superintendent of 1870 was allowed precisely thé same price for the same book as was allowed the supermtendent for 1868, But ihe prices of material have noticeably declined. For tustance, paper abont twenty-five per cen Blue skivers, $145 75 per dozen iu 1868, against $6 7 &@ $10 in 1870, Extra cioth in 1268. Exira cloth in 187 Common cloth in Common cloth in 1870 Gray auper In 16 8.. ray super in 1670... Ehaved thren sn 186= ..- Shaved sheep in 1570... Bark skivers in Leds. .... Bark shivers in 1870... “There is NO MISTAKING WHAT THESE ‘The Superintendent of 1 of fine stock on hans purchased by his predecessor, and making his own parchases on a ailing market, 216 00a #18 00 10 50a 11 60 9a 975 DIFFERENCES” TRACH. yet geviing the prices of isés for the work turned | ont, has manilestly such an advantage over the Superintenvent of Wat year as not only to destroy the force of Dr. Lanairan’s comparative showing, but also to make this forced attempt at making out @ case recoi) against him. Dr. Lanahan farther says that in the ‘a the bindery it will be seen that in 1365 $20, a added ‘for increased cost of labor’ in order to forc @ showing of profit.” In this instance a partial statement has the effect of a falsetiooa. The ivem 18 “for increased Cost of labor, &c."? The expression “&e." 8 omitied by Dr. Lanahan. What besides “labor’’ enters into the cost of a book? Obviously the material of which it is composed. He ads, “No items appear to justify this wholesale increase.” | We reply that @ careful analysis of the ‘items’ making up the history of the period fully oe the measure which he condemns, we note the fact that the pri of 1863, the year in which gold first advan above “par, were ihe same prices at which work bad been charged in the bindery fo- ® long time. Second—in 1865 gold stood as feir Jows:—January 1, 228; March 1, 201; April 1, 162; July 2, 141, and December 81, 145. Labor during this advanced as it had not done during any previ- ous of the war. ‘The prices of material for the whole year were fixed by the enormous premium on goid in the eariy part thereof, With this addition of more than one Dundred per cent vw the cost of ma- terial, and a LARGE INCREASE IN THE COST OF LABOR, how did the price of work turned out this year com- pare with that of is63? We select a ew representa- live books from the catalogue, assuring you that te welecuion does jasuce to the whole :— Jam. Vy V808. Jan. 1, 1865, Goll W3. * God 28. Clarke’ 40 ots. w Watson’ 6 w0 Glevene’, Methodism, musiin cB 20 hedoa's Commentary, muaiin i 20 Hymos, }2mo., sheep ee Pi i 14 ¢ Bb no 2 9 Ww % * a My 7 ran Be rate At ag (and Others’) Questions.) 3 + Bye Third, In 1864 the Internal Revere tax was en- forced, and from July in that year to December 31, 1866, we paid iy overnment $14,422 61 for taxes On mManulactupes alone. We verily beliove that ihe addition oxoPlained of dia not bring our books up to the | cost of production, Surely it would Fequire strong language property to cuaracterize ie ig, hy is sought to be made herein, basis on which profits in we bindery are estimated 16” not “fictitious,” but is in accordance with sound business principles, apd no opportunity for fraud exists beyond what js incident to every Kind of business conducted on @ scale #0 extensive, In regard wo the charge of paying large commis+ ons to a dealer Dr. Carivon says it was ex- @mined by the committee in February, 1870, and not Gaed and, whether large or small, in no case We commissions paid elther directiv or indi- They have | io the differences in the | | plied to Dr. Carlton, wio assented. 1868 | ignoring the iuventories, the | 0, with a large quanuty | t rectly by the Cencern, but always by the manufac- jabs wan alan ietnan bated Oy outt per Were as low or lower a ol m the city. In regard to the discrepancies between the ledger and the annual printed exhibits for 1564-63 Dr. Cariton answers that 16 has, duving the enure period of the existence of the Book Con- cern, both here and at the West, been the practice ip the exhibits to the Conferences to deduct a cer- tain sum from the debts due the Concern (consist- ing of accounts and notes) ‘for propabie losses.’’ It is not the purpose here either to defend or tu con- deimn this practicve—a practice which has the sanc- tion of the successive Book Commitiees and of the General Couterence, and of preceding book agents, levated to the episcopal ct which furnishes an e of whom have been —but simply to state a SOLUTION OF AN APPARENT INCONSISTENCY. Im the very nature of tae case the “exnibits,”? having an important item discounted so heavily, cannot agree with the ledger. “These reports are’’ not ‘supposed to be im exact harmony” therewith for the reason stated. Bearing im wind this tm- portant fact, the discrepancies which are 80 jabori- ously brought to view are readily and satisfactory explamea, ‘The discrepancies of two of the years named, however, may require further reference. First, that of 1866, The ledger shows a loss in the busi- ness of that year caused by charging out to protit and loss account @ large amount of doubtful debts which it became apparent might not be coliected, and which, therefore, ought not any longer to be counted among the assets of the Concern, The agents preferred to show a lo#s rather than to reckon What Was not certainly good and thereby show again. But, “according to the printed exhibit of that year, $2,527 87 was added to the capital stock.’ The explananon 1s, inadvertently an lvem of $4,627 45 was included twice in the assets, ovher- wise the exbibit aiso would have shown a loss, The error was discovered too jate for correction in the exnibit, but @ noie Was made in the balance book at the ume ol discovery, where 1t may now be seen. ‘The addition of *iifteen per centum,” or “$19,708 36 in the Cay og Was lade only to & certain class of merchandise, and Uhis addition «ad not bring it above its actual value Secoud, as © the inventory of 1867, the item of $54,572 11, which **was deducted from capital ‘for correction of errors,’'’ did hot enter into the account of procts tnat year (1807), for the same Amount was deducted trom the imventory. — The eupposed error was brought to the noice of the agents by the present bookkeeper, and alter discus- s10n Was Corrected as above. In 1868 Dr. Lauahan was apprised of all the facts in thus case by te present accountant. The entry $161,641 08 as the bindery inventory for i 1864 Was Correct according to the fret rendering, | Alter the booss had been closed for the year the agents decided w reauce the valuation, and tne accountant made the credit entry of $25,162 5%, as in dus judgment being the proper manner of executing ihe orcer. The binder adapted his imventory to the new order, aad the effect of this change | Upon the previous eniries Was as stated by Dr. Lana han, but it does not follow that the first entry was a “fuise’ one. The design of the agents la this change Was to reduce the assets SO aS NOt to Show an over valuation whe the conntry was passing through a period Of fiuancial fuctuations consequent upon the war. The probabilities were that we would soon be upon a falling market, and no prudent business house would be justified in calling itself worth what its leager stated if the asseis were put In upon a basis furnished by au inflated market. ‘The reduc- | tion of fifteen per cent in the inventory of 1868 was agreed upon by and between the agents, and the entry Ob tue ledger could not have been other than it is aud express the facts. If Dr, Lanahan had taken note of the juventories of the periodical oilice and of the editor’s library nis figures would have harmonized periectly with the ledger entry. The ARBITRARY INCREASE OF THE INVENTORY for 1862 1s accounted for in this wise:—The merchan- dise at New York sad been for some years counted at alower siandard of value than that at Cincinaati. Tue last General Conference brought both Concerns ‘under the supervision of one committee; and, as a *consoildated exhibit’? must be made, it became a matter of necessity to adopt the same standard of Valuation for both Concerns, Alter discusstag the | subject with Dr. Lanahan, printed statements were prepared showing the its both upon the oid and the Lew standard of valuation, These statements were submitted to the book Vommitice, and, upon the commitcee’s recommendation, the new standard of valuation was adopied. As & result the sum of $91,065 54 was added, The item of $11,400 adied to the priuting office inventory requires special notice. Mr. Hasty, Superintendent of the printing ofice for that year (appointed by Dr. Lanalan without cousnitation with Dr, Cariton). made request to Dr. Lanahan to have this sum of $211,400 added to the valuation of the presses, alleg- ing that they were undervalued in tue invenvory Which he had recently rendered tor November 30, ised. Obtaiaing consent of Dr. Lanatan be next ap- He then pre- sented to the bookkeeper the identical memorandum hereto affixed, saying that the agents had agreed to the increase. The bookkeeper referied to Dr. Carl- ton Jor a verification of Mr. Hasty’s statement, and, obiaining it, made the addition. It is not true that ‘tue amouat added ($11,400) was deducted irom the | Inventory for 1570."’ The imyentory for 1870 was taken by Mr. Longking, Mr. Hasty’s successor, and made up accorcimg to his own judgment, | Whe discrepancies between’ the cash balances of the Concern and of the bank are explained as per- lectly legitimate and growing out of tne nature of the busiaess. All cash received, for whatever pur- pose, goes with the common fund, and the surpius | ‘above what is needed for dally use 1s deposited in vhe bank (to the credit of the house. Books are kept Will ihe Tract, Sunday School aud Missionary so- | creties, 19 which are entered daily such sums as be- | long vo them respectively, At the end of the month ihe aggregate of such receipts 18 duly entered and passed to its proper place in the ledger. In addition vo this, In the case of the Missionary Society, the ‘Treasurer either receives or gives a check ior the adjustment of the monthly balance, This checx may uot be deposites for several days. | ‘Tne resuitof the preceding tacts will be to show a larger comparative cash balance in bank when the Misslouary Society has a surplus, and, on the other hand, to suow a smaller balance in the bank when the Misstonary Society 18 a borrower, During the first four years of the period quoted by Dr. Lanahan the Missionary Society showed a large sur- plus for most of the ume, but Was @ borrower dur- ing & part of the néxt two years, THE INTEREST QUESTION is disposed of tn this way:—First, a respectable bal- ance 1 the bank must aiways be kept as an equiva- lent for benedts received in the way of collections | and discounts. This Lalance earns no interest. | Secoud, we lad not recovered from the depteuon of | the Concern, caused by paying the large amount awarded the Charch South in its suit against us, and were swing for some money borrowed oa that account. Third, during the war we were compelled to borrow money from time to time to enable us to conduct the business. The tollowmg statement shows the indebtedness of Lie Concern on notes for the six years named by br. Lanaiaa:— 1863 the Concern owed on notes. - $16,999 79 + 81,743 57 + BY401 19 | Average for six years. Interest for six years. | The managemen h ci terest down lo $6,375 31 (instead of $6,042 15, as Dr. Lapanan erronevusly quotes) is submitted to the ae tention Of any persons inierested. Mr. Magee’s letter showing the confused way of Managing things in the Concern is snown by Ar. Grant, the bookkeeper of the Concern, to be Mr. Magee’s OWD confusion. And the latter, in a let | ter of date June 21, 171, to the committee, ex- | plans that this letter is part of a correspondence | Which took place in the spring of 1867, and that it was iirst given to Mr. Pike, @ member of the Book Committee, aud subsequently a copy to Dr. Laua- han, under a promise that tt should not be used publicly unless the entire correspondence, which | Would explain it, went with it. In this letter dir. Magee says:—“in reference to the bookkeeping of the Concern I do not consider myself competent to ve an opinion, as I have no knowledge of these nOOkS Except as bey May refer to my business, aud very little of that. In tue lever published I poiated out discrepances as they appeared in the statement made tome. Whether i was right in every instance J cannot say, though iny recollection of the matter is that, in the subsequent investigation, at jeast part of them were iound to be ONLY APPARENT ERRORS, AND NOT REAL, growing out of a difference of time in receiving cer- tain accounts. During the last four years or teres abouts my imtercourse with the Concera would iead me io the conclusion that great care is used oy the present chief bookkeeper in keeping the accounts, and I am happy to say that in my report of last De: cember we harmonized them to almost a cent, though even in that report there was at first an ap- | parent discrepancy, which by Inquiry was easily ad- usie : 7 br. Cariton adds that nearly ail the foregoing allegations, including Mr. Magee’s letter, have been | before the committee at previous mectiags, fully examined and satisfactorily expiained. In closing he says that Dr. Lanahan and his ac- } countants have exhibited great recklessness in their use of figures, in some instances their figures are entirely Wrong. 1n others they are excerpted trom their legitiinate connection, and the inventories have been but parlially quoted. They have ignored the pecuharities of the business whicn arise from jts connection with all the connectional euterprises of the Chureh, involving processes unknown tn any or- dinary business, To make a fair showing these pecu- liarities must be taken ito account. The declara- tion of my accuser’s Counsel that they ‘desired to ake the examination in their own way” 18 exceed- ingly suggestive. In the name of common decency and of au outraged Charch, has there not becn enough of such partisan examinations ¢ Respectiully presented, THOMAS CARLTON, Agent. 805 BRoaDWAY, New York, June 24, 1871, THE BOOK OOMMITTER SAL IN Secret all day, discussing measures in regard to mvestigating the charges of fraud and misman- agement of toe Concern made by Dr. Lanalan. They appointed @ sub-commiitee to draft a plan, and that committee subsequently reported in favor of ap- pomting Mr. James B. Kilbreth, of Cincinnati, to | See such examination, with power to select | | | | such assistants as he may require; and the commit lee specially direct his attention to such books and accounts and business transactions of what- whatever department of the by such allegations are said to jisyoive frauds, losses and mismanagement. Mr. Kilbreth is aiso directed by resolution to exaswine the methods of business and the modes of books’ eeping Of the Concern, and to report the re- suits wsthe committee. He is also to have free ac cess to (heir records and papers. The committee, however, ave not communicated with Mr, Kil- breth, ant Know not whether he will scceps tis trast or now ever date or Concern as METHOD'!ST POLITY. The Value of Ministerial Ordinations—Medifi- cations of the Government ef the Methodist Episcopal Charci—Address by Dr. "yo Adjournment for the Summer of the Preachers’ Association. The Methodist preachers were entertained in their weekly meeting yesterday by Rev. Dr. Curry, who traced the New Testament organization of tae Church and the ministry and the rise and progress. of different forms of Chureh polity and government. He showed that there Is a radical difference between ministers and laymen in thetr relations to the Church, and that the Presbytery as a body is above any one of its members; that there are no grades in the ministry nor tn the nature of the case, If Christ cails @ man to the ministry he does not require tobe supplemented by the laying on of hands, and if a minister 1s entitled to any office, deacon or elder, ne 1s entitled to any ovher under this call, When, therefore, we talk about two or three grades in the ministry WE TALK NONSENSE, except in so far a3 we mean the placing of men in certain positions to accomplish @ certain work. Church ordination Is simply the recognition of Christ's ordination; bat we have not yet got rid of the old Popish rag of holy fire going through the bishops’ fingers, A man is no more after his ordi- nation than he was before; and suppose a horse thiefora slave driver should be substituted tora bishop the ordination would be just as good as 1t Is. If ordination means the conveying of anytning through the bishop to the deacon or elder it is worse than worthiess; but if otherwise 1t 1s a decent form When not abused by superstition. In the Methodist Church ordination ts not designed to make a minis- ter, but to tind out whether the Master has made him one, and, if so, to endorse him. Tne whole Christian ministry is then on a@ par, and tne peers may prescribe any form they please for their own guidance and governauce. The British Wes- leyan Conference 18 the only purely Presby- terian body tn the world. The American Methodist Episcopal Church is and will be until i372, ailer which time it will cease to be by the introduc- lon of the tay element imto its supreme councils; but it will sull be sabstantiaily @ Presbyterian body. In England and Prussia the State dictates to the Churea aud appoints is bishops and prescribes its forms, but the oman Churei has always tried to keep i.seli m @ certain sense independent of the State, that It May dictate to the state. He (Dr, curry) was AN OUT AND OUT PRESBYTERIAN, but he believed only in the seriptural form, which operates well wnen it operates préperly, ana he deemed Methodism as nearly axe scripturai Presby- terianisin a8 anything can be, Bub the great de- mand of Methodism now 1s more effective obliga- tons of the minisiry. They lack the esprit de corps, and the most hopeiul thing is their agsertion of thelr Tignts in preaching. Methodism 18 a peculiar organization and a good one. It looks to aggression, aud in its resuits stands out in marked contrast with a settied ministry bailding up locai churches. Methodism 1s organized Without any local church, and in its operations is very much like the military, [6 says to one “Come @ud he cometh, and to another go and he goetn, and to its servauts do this and they do 1i;”’ and tuere isa gradation of authority above every one until they arrive at the General Coufereace, which is the head over all, Tae annual conferences do not ap- point munisters—they simply accept them—and they have no right to depose aman unul they are con- vinced that he is not called of God to the oifice of tue ministry, It would be monstrous to say that ihe law of removal does not reach to the bishops as well as to the presbyiers, and that they are irre- sponsibie. They hold office just as he (Curry) does, bat they hold over term after term. He was A MOST DECIDED EPISCOPALIAN, It 1s the best fori of Church governinent which could be adopted. He favored the Methodist pis: copal Church as it 18, with certain modifications. There is an increase of the Wpiscopacy to at least a dozen ior the effective general superintendency 0: the Chureh. The bishops are now placed tn an wnoiaa- lous position, Any nine presbyters have the power to arrest and suspend a ibshop until the meeiing of the next General Coufereuce. This should not be so, The bishops showd be members of Aunual Con- ferences, and Weir election should not take them out of fhe ranks Of the Presbytery. If the Presbytery is not above the Epliscopacy then the elecuon of u bishop 1s a French y'¢seite, appointing an Empe- ror with absolute power, e invest aim with that which we cannot take back. This is both auti- Methodistic, anti-Christian and antl-republicau. ‘The’expiration of our terui of office, sald the doctor, 1s the real day of jadgment to ail of us, unless, indeed, @ man comuuis @ flagrant olfence. He would so distripute she episcopal residences that the bishops would be witiin easy call of any part of their work; but Weir supervision should sill remain general, so that the bisuop of California would be a bishop of Maine also. le Would keep up a REAL ITINERACY, AND NOT A SHAM, as they now maintain. He would have them bishops aud nothing else. He would not send then on foreign missions nor hamper them with Book Concern maiters, nor with college trustee- ships, where they may, as they sometimes do, come in contact with the facuily. Their own legtt- mate work is as much as they can attend to, He would draw their support from the Church at large end not trom the Book Concern, and he wouid elect tem quadrennially, and when they cease to be effect- ive he wouid retire them to their annual conference and thus keep them in sympathy with their brethren in the intnistry. There is nothing better than that @ general sould eat the same bread as nis men, tHe would dispense with the formai consecration of bishops. The Doctor continued in detail his very convincing address, after, which the meetung ad- journed uu! September. INTEROCEANIC CANAL. New York, June 26, 1871, To THE Epitor or THE HERALD:— From a@ paragraph in your paper a few days since, apprehensions are expressed that the recent ex- amination, with a view to ascertain the practica- bility of an Inter-oceanic canal across the Isthmus of Darien, will not be attended with success, It occurs to the writer that a vast amount of time and money is being wasted. In the year 1857, Com- modore Paulding, in the fagship Wabash, made, by order of the United States government, a survey of the Isthmus of Panama, the resuit of which was @ detailed favorable report made by Commodore Paulding, Which report was confirmed by Colonel G. M. Totten, Several French engineers have also javorably reportea upon this route, Dimensions.—Lengtn from shore to shore, 45% miles; Jength from 5 fathoms water in Navy Bay on the Atlantic to 3 fathoms water in Panama Bay on the Pacific, 4834 mules; the prism of water to be 150 fect wie at bottom, 270 feet wide at surface, ana 80 feet deep; the lk to be 400 feet im clear length of clamber and 90 feet in clear width, ‘The summit level will be 150 lect above mean tide of the Atlantic and Pacific oceans. ‘I'he summit cut will be about 4 miles long. The deepest cutting on this level will be 136 feet and the average depth of the ent will be 49 feet. The River Uhagres yields an ample supply of water for the canal at ail seasons 0: the year, ‘The summit level will be suppued by a teeder about 24 miles long, which will tp the River Chagres about 21 miles above the town of Cruces, where the level of the river 1s 185 feet above mean tide and 35 feet above the summit level, The estimated cost Was $80,090,009. including the requisite harbor im- provements at each end of the canal. The Panama Railway Company possess by their charter tne exciusive right of way across the Isth- mus, This they were willing to yield, and passed a resolution to that erect. The New Granadan gov- ernment granted a privilege for the selection ot a route. Why, then, Mr. Eultor, do we delay? An eminent gentleman was some time since despatched to Bogota, then a ship-of-war 1s sent to explore the Isthinus of Darien, the result of which, though not as disastrous in its r as the former expedition, will be, I fear, atailure. Let us lose no more time, bat make @ canal, and waste no more time and money. THE NEW CITY OF NYACK. To THE Epitor or THE HERALD:— To-day an eieciion will be heid to incorporate ck, The great improvements being made in and around Nyack demand a@ city government. The property so long heid by the old inhabitants has mostly changed hands, and many splendid resi- dences are now being built. The grand boulevards, 100 feet wide, will be completed auring the year; one running from Rockland Lake to Nyack; the other from the Hook Mountain to Piermont, making the most beautiful drive in the country. Sites have been secured for two large hotels, whicn are much needed, as the hotels and boarding houses are always fall to overflowing by the 4th of Juiy, Nyack has a bold shore front and already boasts of a ship yard and dry dock. Let the people have a good city government, even thouzh 1 should waken the tast sip Van Winkle of those grand old tills, BuRtaAL av Ska.—The class of 72 of Brown's University, having passed satisfactory examina- tons during the past week, with thelr usual spirit determined to revive an old-honored custom of burying some of their much loved (’) text books, As ae | were especially fond of the “starry heavens, they decided to give “Loomis” a decent burial Consequently, a few active members were consti- tuted a committee of arrangements, and the citizens of Providence had last night an opportunity to see the results. The procession was formed on Thayer street at nine o'clock. A band, composed entirely of students, led of with ropriate and “solemo’? music, Next came the efficient coi of marshals, followed by vhe ireshman class of '74 and the class of '7% Last came the president of the solemn obsequies, the coin containing the body and the Ciass of ‘72, They marched through the street to the James street ferry, where, eniering boata pre- viously provided, they rowed to Point street bridge. After listening to an oration and poem by two “dis- tinguished astronomers,” the coin, with its light freight, was consigned to the deep by the chaplains, The procession ‘hen returned to College Hill, satia- Hed With the success of the undertakinge—Provi- dence Uy 1.) Hevaid, JUnd dy + : le FINANIAL AND COMMERCIAL. WALL STREET, } MONpay, June 26—6 P, M. On ‘Change to-day wheat was dull and inclined to heaviness. The cotton market was @ fraction tower and quiet. MONEY TWO TO FIVE PER CENT. The money market was easy, with two to three percent as the rates on cail to the government dealers and three to four per cent among the stock houses. In.a few instances five per cent was paid for loans upon pledge of stock collaterals, Prime commercial paper was quoted 434 a 6 per cent discount, Foreign exchange was steady on the basis of 11034 a 11034 for prime bankers’ sixty day sterling and 110% a 111 for sight bills. GOLD 8TRONG—112% a 112%. The gold market opened with some hesitation, in consequence of a firmer market for consols in Lon- aon, and went off to 112%, but became strong in an- ticipation of heavy specie shipments this week, and advanced to 1124. The Assistant Treasurer pald out $4,000,000 gold on account of the July interest, but this contribution to the market having been looked for, had been discounted. The market was most of the day very dull, a remark which will an- swer quite well for a description of affairs generally in Wall street. The changes in the price of gold during the day are shown in the table: 10 A. M. 112% 2 P.M. 112% 11 A. M. 1124 3PM. 11256 aM. 112% 4PM. "1255 1PM 12ig 6:80 P.M Ta a 19 In the gold loan market the rates ranged from 2 Per cent for carrying to flat for borrowing. Tne operations of the Gold Exchange Bank were as followa:— Gold cleared Goid balanc Currency balance: The engagement of specie for to-morrow’s steamer already amounts to $450,000. GOVERNMENTS STRONG. The government list was steady and strong, but quiet, The transactions of the day developed ro new feature of interest, and prices closed on the street as follows:—United States currency sixes, 115 @ 115% do, do., 1881, registered, 114% @ 114%; do do, coupon, 117% a 118; do. five-twenties, registered, May and November, 112% a 112%; do. do., 1862, coupon, do, 112% a 0. do., 1864, do. do., 1125; a 112%; do. do., 1865, do. do., 112% a 112%; do. do., registered, Jan- uary and July, 115% a 111%; do. do., 1865, conpon, o,, 114% @ 115; do. do., 1867, do, do., 115 a 115345 do. do,, 1888, do. do., 115 a 11514; do. ten-forties, registered, 11034 a 110%; do. do, coupon, 110% a 0%. $22,265,000 94) SOUTHERN SECURITIES DULL. ‘The Southern State bonds were dull outside of the ‘Tennessees, which were dealt in to some extent, but hardly enough to be called active. The old issues were stroug and the new barely steady. A rather firmer feeing prevatled in the North Carolina new and special tax bonds. Prices closed as rollows: ‘Tennessee, ex-coupon, 7244 & 73; do. new, 7214 a 7234; Virginia, ex-coupon, 66467; do. new, 72 a 73; do, registered stock, old, 5434 @ 55; Georgia sixes, 85 a $9; do, sevens, 91.493; North Carolina, ex-coupon, 46% a 473%; do. funding, 1866, 35 a 37; do, do,, 1868, 39 @ 32; do. new, 27% a 27%; do. special tax, 21 a 21%%; Missouri sixes, 96% 97; do. Hannibal and St, Joseph, 95 a@ 95 Louisiana sixes, 69 a 72; do, new, 64 a 67; ao levee sixes, 70a 73; do. elghts, 85 a 89; do. Penitentiary sevens, 70 a 72; do. raliroad eights, 75 a 79; Ala- bama fives, 67 a 70; do. eights, 102 a 104; do. rail road eights, 95 a 100; South Carolina sixes, 74 a 78; do. new, January and July, 614% a 62; do, do., April and October, 60 a 61; Arkansas sixes, 57 a 59; do. sevens, 50 a 64; Mobile and Obio Ratiroad sterling, 87 a 88; do, do, Interest eights, 8) a 82; do, do. second mortgage eights, 67 a 70; Mississippi Central Railroad first mortgage sevens, 82 a 85; do. do. second do, eights, 77 a 80; New Orleans and Jackson first, 90 @ 92; do. do, second, 75 a 78; Memphis and Charleston Railroad first, 85 a 87; do, do. second, 79 a 82; Greenville and Columbia Railroad, guaran- teed by South Carolina, 58 a 62; Macon and Brunswick, guaranteed by Georgia, 74 a77; Wil- mington,, Charlotte and Rutherford eights, 50 a 53; Memphis and Little Rock Railroad eights, 77 a 78; Memphis city sixes, 57 a 58; Savannah city sevens, 86 a 88; New Urleans conaois, Old, 74 & To; do. Issued Railroads, sixes, 73 a 75; do. seveus, 68 a 71. STOCKS STRONG AND DULL. ‘The stock market was strong and in the forenoon quite buoyant. The bears seem to have oversold the market in the panic last week, and the discovery of the fact has impelled the covering movement of the past two or three days., The outside public are still doing almost nothing, and tue market 1s entirely in the possession of the professional operators, The bears, in seeking to remedy the oversales uf the Rock Island panic, have bought quite largely, induc- ing the recent rise in prices, while the cliques have heiped to intimidate them by buying also, This movement communicated a fair degree of activity to the eariler business of .o-day, but after the second board the market became nearly stag- nant, The books of Lake Shore have been closed, and the parties to the question of a further issue of the stock are now enrolled, It 1s mtimated thatin the interval the clique, who are in the ma- jority, will quietly seH their stock ex dividend, which wili give them a handsome profit, and then go “short? against the meeting in Cleveland next month, at which they will adopt cat and dried resolutions to the effect that “Whereas, &c., the declaration of an extra stock dividend is not expedient, &c., &c., just now, the whole matter be indefinitely postponed. This intimation is based doubtiess upon the possibility rather than upon the probability of such a contingency. It is cers tain, however, that with the books closed the persons thereon registered as stockholders can part with their stock and yet retain their power to vote at the meeting. If the matter of an extra dividend on Lake Shore should be prolonged to next year it will be only in futherance or the grand “milking” process to be employed in this stock, to which reference has been made in this column, and for which sv many temptations are offered. The street was ‘‘milked” for several years with the New York Central extra dividend, and the intermediate vicissitudes of the stock were of the most varied character, But the clique in this instance appear to be loaded up with the stock at a time when the public are idifferent abont buying and not soready to catch at the glittering baits of Wail street. In fact, the community at large are more conservative and less enthusiastic about the fortunes to be made in stock-gambling than ts usually the experience at a time when money is 80 much of a drag as it now is in this city, The clique may therefore be driven to the desperate necessity of declining an extra dividend for the purpose of extricating themselves from their present situation. The deliveries of Lake Shore for transfer to-day were quite irregular, and some of the “shorts were compelled to pay a8 much as a quarter per cent for cash stock in advance of the price the regular way. ‘The transiers of Reading and the scarcity of Ohio and Mississippi occasioned transactions in both these shares at “flat” for borrowing. HIGHEST AND LOWEST PRICES. The following table shows the highest and lowest prices of the principal stocks durig the day:— Highes!. Lowest. 9634 New York Central consolidated... New York Central scrip Pittsburg: Northwestern. Northwestern preierrea Rock Island. St, Pau ‘St. Paul preferred...... Ohio and Mississippi... ©. ©. and 1. © Union Pacific. Hannibai and Si. Jose pn. Weatern Union telegraph Paciic Mai * + 4235 ‘THR SPECIE MOVEMENT, =~ The imports of specie the past week and since the beginning of the year have been as follow! ‘Total for the week Previously reported, Total since January 1 Same ume 187 Same time 1869. Same time 1868, Same tine 1867... .. COMPARIGON OF THE IMPORTS. § The following shows the foreign § = »orts at New 161, 607 ies oe at are 9,504,078 NEW YORK HERALD TUESDAY, JUNE 27, 1871—TRIPLE SHEET, York for the week ending June 34 and since the be- ginning of the year:— 1a BAS $1,210,051 185, Shatoreis *elsanar7 Total for week $6,355,781 $6,438,601 $7,552,228 Prev. reported. bs eee isiserond 1imeeasti9 Since Jan. 1..$152,319,585 §141,626,676 $186,401,347 SALES AT THE NEW YORK STOCK EXC44N3E. Mendny, June 26~—10:15 A. M. 117% 200 she Weat Un Tel... 112% 200 do. . ‘ 10... a, 40 Wells-Fargo Ex.be 47 BWNYC& HRRR.bo 9% 3000 B'klyn 6's, 5) Pe 2000 Mich 5 s f Patt 0 adnan 2000 Cen Pac. v2: 2000 Un Pac a 4000 Ohio & N 95 uo C & REP 104 1000 C & NW Ist 0 1000 M & Es Ist 108 100 1000 Mor & Es za 9845 YOO 2000 Pitts, FLW &Chio Sd 1g” 300 500 Clev'& Pitts 4th m 00 800000 PacT’slgbs.., 85 176 2000 M &StP 8's, lat 'm 106 600 3000 0,C 41. Ist mtg. 873, 100 $0v0 |” do, 87" 100 2000 M 93 900 3100, Pa 95 200 North 8854 100 7000 N Mo 94 65" 300 1000 Am D & Im ©, Ts. 10034 100 S235) 12:15 @Cleck P.M. $10000 US 6's, 10-40, r.. 11056 One o’Cleck P. M. T2{ 200 she CAN Wpfd.bo 98: ine wee: si 810000 US 5.20, ©, "62... 10006 US 5.20, 6, "3 + 58% 100M & StP pia... 7 59 200 NJ Central Ri..b8 112 5045 100 Chie & Re RK. ¢ LL 1% 200 Tol, Wab & W..... 583g 4, 100 do. 584 + 06 4585 GOs aig vd Col, C al C 204 100 Union Pac 2R. 3% 100 do., - lie STREET QUOTATIONS. Half-past Five o’Clock P. Mf, Western Union. 58 & 694g Northwestern pf ¥8% a 89 42g a 4349 Rock Island... Mii a 11g Ws4 St. Panl. tu i 92 a 93}, St Paal pr 79 : 28 ‘abash. 88 Reading.. .... 11639 a 11854 Ohio & Mids... 45%) Lake Shore.x d. 10545 «108% Bos, Har & Erie Pittsburg N74 a 18” Union Paeitie.. 8t%g Northwestern. Wig a 7336 Col,C&IadCen 20h COMMERCIAL REPOR?. Monpay, June 26—6 P. M. Corron.—The market was duil and pricea for all grades excepting ordinary were reduced i¢c. per Ib. withont inducing any {improvement in the demand, which was unusually light. ‘The market closed heavy, with more sellers than buyers at lows: the decline noted. The sales were a Consumption, Speculation, Ordinary. Good ordinary. Low middling oa not m ade abose or below the grade quoted. Forward deliveries were quiet and prices ruied ‘yc. per Ib. lower, closing weak at the reduction, ‘he sales to-day were 7.40 bales, on the basis of iow middling, as follows :—July, #0 at 18 13-160, 1,700 wt 18740, 300 at ISigc.; August, 900 At 140. 1,000 at 19 7-16c,, 200 at 19 9.82. ‘September, 60 ut 18 B.ibe:, 400 at Isige.; Oetober, 4) at Is'ye.;, 810 € October,’ November ‘and December, at. ‘17/40. xether;’ 200 each, October, November and December, at Iie. together. Saturday, alter "Change, 16° bales were soli as follows:—Jui 00 at 1% ce; September, 100 at Lsige, st report, 8,900 bales, ‘The average quotations forward deliveries were as foliows:—July, Receipts at the ated), 900; New Charleston, 380; Bal ; August, 300 at 19%4c., At.at 19 7-18c., 100, at 1935 ‘Total since li imore, 333 rie, 479; #; same day last week, 5,743 bales; same day last year, 3,008 vales. Rates for cotton ireignt to foreign ports.closed’ as follows:—To Livet- pool by steam, 4ad.; by sail 5-u2d.; to Havre by steam. le. wold; sail fo Hamburg by steam, ad. ; auil, bid, comm ressed; to Bremen by steam, 3c. gold, compressed ; sail eat v0 Baltic porte bY sally 2. gold . nae 1d Santos was rendered ‘ains from Rio. Prices mm. Holders witharew sam- ples or demanded higher prices and limited business to 1,000 bage Kio per Fitzgerald, which sold on private terms, Otuer kinds were firm, with Appended quotations, exp aver the market, W ‘COFFER.—The market for or & business tn lots at full prices. ‘The ly for Kio, are, If anything, We, & wltierr thige a tise: Singapore, ates Li min; laracaibo, Le. ive. ; Jamaica, i8c. a ldiec.; St. Do- in bond), Yc. a 1e.; Costa Rica, 13! alic.; Ibe.; Mexican, 18c. @ I7e.; Savanilla, luc. a 13. & 1be., all gold, thirty to. sixty days" x. Rece'pis—Flour, 19,428 bbls. ; wheat, 4,262 bushels; cora meal, 40 bbis. Outs, 21,405 Dushels. The tiour market ruled dail but prices were tnchanj ‘The first sample of new wheat flour from Indiana “White Rose,” made by Sohi Gib- Co., Indianapolis, was sold to arrive b; Rye ot uayra, Ide. a id, ic. a ” s Co., at $87. The’ sales were about 8,000 dbis. Ky four was quiet but steady. ‘There were small animporta salen. mostly at ¢5 60. Corn neal continued quiet but irm, We note sales of 200 bbls, Western yellow at $3 15. We S rs 3 SZETE ex Round boop Obio, shipping brandi Kound hoop Ohio, trade branas. St Louis strahtextra,. St: Louis enoice double’ extra. BPRRS ERE RE EPEEP mene t agua esses secace piditiedeutatsineanearas | SieseeseneeRencunsretsg SRevesesseesszecy, prrrss 20a were about 89,000 ing—with BL 49 bid holee—B1 684g ‘Was quiet, bi at $143 i a for No. 28; i and 180 for’ " o or a load of very for amber winter and $120 for ‘a small lot of | California, Corn was decided'y lower, closing at | 2c. a TBige. for new mixed and 780 for car lots. salen were about 98,000 bushels at 7c. a Tée. for good to prime mixed, 75}4¢. a 7c. Lor Western yellow and tc. tor do, white, Ont were dull at 65c. a 6c, tor Wescern, Gre. a 68e. for Ohio, with wales of 60,000 bushels. Barley continties dull | and nominal. ‘There is no stock here and no demand what- ever, Kye waa quiet at $116 for State, Mc. for Canada, in bond, and Se. a 97e. for Weatern, FREIGHTS.—The market throughout was very strong, bat uiet, Rates for crain, both by sieam and gall, were deci- deity ormer, and for otber goods without noticesbie change. | ‘There was at chartering business done at steady | rates, The engagements were:—To Liverpool, by steam, 45,000 bushels of wheat and corn at8d. for corn, and 839d, for wheat, To London, per wali, 30,000 oushels of wheat and corn at 7igd. a 8d, bia. flour at 2s. To Glasgow, by al 00. by f grain at Md. ‘The charters com- rise:--A’ British bark, 8,600 quarters grain, to “Penarth Qronde for orders, fe, Od. —8d. of If directs ® bark to a direct Continental port, 5,500 bbix. refined petroreum, 88. 1U36d. ; two Norwegian barks, exch 8,00 bbis. of refined’ petroleum, hence direct to Oronstadt, 4s, 6d. ; « British bark ‘rom Phila- Geiphia tg a direct port in the German Baltic, 2,20) bbis, pe- troieam, MOLASSFS.—The market was apathetic and values en- tyrely nominal in the absence of auy considerable business, ‘The usual Jobbing trade demand was met at full prices. We men a Age Own ube ¥ . a Be, br R6e, aac. 420, Porto Rico . pee Ia): 4B" - - Ue. » 706, AVA P arpentine were fairly active. 985 bbls. were nold at 4éc, for Routhern and 47c. (or New York barrels. The market closed steady ut dtc. for mer. chantable love Kosn—Strained in large lote was firmly v0 the views of buy- at $2 70. #2 70. held at about $2 #0, which price was ers, Small lots strained were obtai 260 bbls, were disposed of at the former price. Tar was firm, ‘with a moderate demand, We note sales of i) bbls. Waab- ington at $2 25. Wilmington was held at $5 60 » 83 75, with- ont gai es. ROLRUM.—The market was a trifle more active for_re- fined, and steady. The tone of the market, however, ts tro Crade was neglected and quiet, held at 1434c, with ye. bid. The transactions in relined’ were :—4,600 pbis, standard white, for June delivery, at 25c.. and 2.500 bbis. do. at 25)c. There was a rumores sale of 7,00) bbls. refined, for June, at 5igc., but we were unable to trace it Future delivery was quiet'at about previous prices. At Phiiadeiphia the market was very dull, ana prices without perceptibie Ve have only to report salen of 500 bbls. for June F Crude, in bbls, was held at 19e., witbout beet, 112 pack: agen; lard, 4) Kegs. “The pork mar- ket ruled dull but steady; 500 bbis. sold at the at for at ¢16; July held at #14 75, and September at #15 1249. han; There en as a tliat portant sales. e@ quote :-— tet one 4, tho 8 Cuber: Any Bacon was quiet an { une! J. business, Short te, bat clear, short no i tee fenote bares OF 196 bbis., dry terms, quoted at bee. a’ 66. ic. & 736C.; backs, . a do. short cut, We, wilsgo.; do.. sugar ‘alae. Lard wan quiet, but firm, at 10/40. tor June and July, with aalea of 60) tierves; August ,counterieit bonds substituted lor them, | Department. 4) oe Ra oe Es ae one iid Beatie, dace Bute tang joe. to L %95e aldc, Manila—Current a TALLOW was quiet, bat firm, at 9c. @ 9<0., with sales of ‘AISKEY,-—-Recel, 399 bbis. The market ‘ but quiet ‘be salee were about 50 Dole at aitee, as steeaa CATTLE MATKET. Beef was quiet at 1034c. « 123¢c. for common to good. Bi were guiet, bi pat 4% SURE Webcal gtteady at Ae a Bye. ‘Receipts —Cattlee DOMESTIC MARKET, New Onveans, June 96, 1871. Cotton quiet and weak; low midilings, 18\c.; middiings,’ 19}4¢.; net receipts, 2,261 bales; gross receipts, 2.264 exports coastwise, 5,86) bales; sales, 500 bales; stock, SAVANNAR, J Cotton dull and heavy; middlings, 19e.j' net re po 90. puleas exports couatwise, 1,085 bales; sales, 100 bales; sock, WILMINGTON, N. U., June 96, 1872. 6 aungt at dlc. onin alcady ab #8 being yet low 0 BE "1 (or ‘tar orm at $2 00. tires pa LourIsvitie, June 26, 1871. and sales very light at extremely high, prices, Oswrao, N. ¥., June eM Flour steady and in good demand’ aalea 220 bila’ at 61 96 for No. 1 spring, $7 75 for umber ‘winter, 88 for white do... $8 76 for double extra, Wheat dull; sales bushes No. red winter at $155, 1,100 bushela No. 1 Milwan- Kee clap, in car lots ‘at #1 47; No. 9 Milwaukee club, Harty ees facut gt Se ee a q jus Jorn for for uubolted, per ewk.. dilifeod unchanged ; shorts, 880 a 825; shipsvufls, 822 a $24; middlings, $24 4 per ton, as to quality, Highwines, Wigc, Canal freights lower on grain; Hour, gio, mheat, Zo; com, 6i4c., to New York inmiber, 83.16 the Hudson, ‘84 to New York.” Railroad freighia—Flour to Boston, Bic. ; to New York, dic. ; to Albany, 33. by lake i500 feet of iuinber, ” ‘Shipments by canal. bois. tour, 63,000 bushels wheat, 91,000 bualiels corn, 1,069,000 feet of lumber, Curcago, J Fiour dull and weak. Wheat quiet, and deuled Ko. 3 Splrite turpentt for'stralueds Bs 3 for pale. virgin. Tobacco very active, spring closed at $1 27), cash or ‘time; int rnoon, niet and uncaanged. Cora nctive: declined 340: fae. | NO. mixed closed at 63740. Oats fairly nctive; declined Yee, at 48%c. Rye stronger; advanced Je. ;,No. fat 83c. “Barley nominal, Highwines. sieady at 890. "Pro: 14 Ly Lard id KS ae aay ‘ive hogs active at a a Cattle quiet at #4 25 a B5 75. scripts 8,000 bbis. flour, 40,000 bushels wheat, 331,000 do: co Hoa dot No.2 ‘Ble. a Visions quiet ; mesa pork, Nothing doing in meats. . 1,000 do. rye and 7,00 nogs. ‘Shipments—6,00) ‘tour, 3000 buss: 8 wheat, 441.00) do, corn, 34,000 do. oats, 1,000 Jo, rye and W hogs. Freights declined ,3ic, Wheat to Buifald, 6c. 5 corn, to Buttal c. GOVERNMENT ‘BONDS, Report of the Commitee Appointed to Exame ine the Cuncelied Coupon Beads Purchased by Government. WASHINGTON, June 26, 1871. All the coupon bonds that have been purchased within the last two years, with the exception of those now passing through the hands of the account- ing officers of the Treasury, have been examined and found genuine. Those purchased in New York are examined in the office of the Assistant Treasurer, . then in the office of the ‘'reasurer at Washington. After this examination tuey are turned over to the Loan OMice of the Secretary of the Treasury for examimation and cancellation. Next they pass through the hands of the Kirst Auditor and First Comptroller 1or examination and allowance. Tney are then sent to the Register’s Office for examtua- tion and comparison with the Register’s books of issue. From the Register’s Ofice they are passed to the Committee on the Destruction of Cancelled Securities. Within the last few weeks statements have been made to the Secretary of the Treasury, though not supported by the least evidene, that bonds purchased by the government have been abstracted and sent to Eugland for sale, an¢ The Secre tary, however, appointed a committee of experts; being engravers in the Printing Sureau, to make a careful examination of ail the bonds purchased, with a view of ascertaining whether there was any foundation for this rumor, and the committee, hay- ing made a careiul examination, report that all the bonds purchased are ge.uine, An examination has also been made of the bunds in the hands of the Register, held to supply calls by exchange, and these have likewise been found to be correct A number of bonds are retained in the hands of the Register to supply demands for previous Issues by exchange or otherwise. ‘These ave kept in the sale to which are afMixed their combination locks with three several Keys, one of which 1s kept py the ” Register and the others vy two cierks, one each, go that the action of all three persons 18 separately required to open tne safe, ‘Tue following is the te port of the committee BcRBAU OF ENGRAVING AND PRINTING, TREASURY DEPARTMENT, June 24, 1871. { To Bon, G. 5. BOUTWELL, Secreiary of the Treas ury:— Six—-The undersigned, designated a commitcee ti examine the cancelled bonds in the hands of tht Committees ou the Destruction of Bonds, air, Wilson being chairman, with special reference to tnt genilneness of the vonds, respectfuly report th: we have examined exchange -cases numberea 2,937 to 3,850 Inciusive, as per schedule, in we hands of Mr. Wiison, consisting of 86,463 bonds of\ the denominations of $50, $100, $500 and $1,00, amounting to $48,390,250; also redemption cases numbered 1 to 27 Inclusive, as per schedule, can- sisting Of 23,018 bods of the demominations of $00, $100, $500 and $1,000, amounuag to $12,897,100, Number of bonds examined 109,481, Total amount, $69,752,359, all of which, alter a caretul examination, we lound to nave been printed from the genuine plates engraved in the Bureau of Engraving and Pristing o: the Treasury in exchange case, No. 3,198, there Was & Memoranduin stating (nut two bunds of the tions Of $1,4yu0 each, No, 24,242 and Noy 24, were delivered (o the loan branch of the Sec- retary’s oflice, to be used 1n New York as evidence; also in exchange Case, No. 13,147, there was & memo- Tandum stating thar three bods Of $1,000 each had been withdrawn and sent to New York, to be used as evidence, in the sait of the Bauk of Newark. These missing bonds ure not in the amount reported exainined by us, It has been suggested to your committee by Nr. George W. Casilear, superiitendent of engraving i, that that portion of the bonds con- ng the number and denowination should be rved (or future relerence aud examination, in pase Of a duplicate number being presented. We consider Uns suggestion imporcsnt, and would re- spectfully recommend its adoption; and, further- more, we endorse the option of the chief of this | Bureau, Mr. George B. MeCartee, that a duplicate copy o:all bonds and notes issued by the govern- ment under the several acts, of each denomination, printed upon the same quality of paper and pro- perly cancelled, should be preserved in this depart- ment in the Bureau of Engraving ‘and Printing for future reference. It is Witnta the knowledge of your committee that a note was sent froin the 2 Brancii of the Secretary’s oilice to Mr. Casilear tor examination of which there was’ no information of such issue, and nothiug with which to compare it in oider to form an option 4% to its genuineness. Your committee desire to bear testimony to the courtesy of Mr, Wilson 10 aiording every facility while parsuin, he Sees epin Sapo lly sub= mitted. DAV. . CUOPE WILLIAN Hi. Larue, f Committee, DRAINAGE OF LOW LANDS, Important Action of the ‘iizenw Associn~ tion—Prompitude of the Cunirman ef i’ublic Works. About ® month ago the Citizens’ Association of the Twelfth and Nineteeuth wards appointed a com- mittee to confer with the Board of Healtn and the Department of Public Works in re card to the necese sity of draining stagnant water in tne district lying between Seventy-third and Erghtieth streets, between Filth avenue and the Kast River. ‘the — committee, of which Mr John Koley is chairman, met at noon yester- day, at No. 266 Broadway, and proceeded in a body to the Department of Public Works, They were at once recetved by Comimissioner Tweed, whom Mr, Foley addressed in benalf of the committee, urging tne need of the desired tmprovement. It was said that nearly half of the population of the district in question Were at present suilering from chilis and fever, in consequence of the prevaicnce of stagnant water, and that several persons had died from the same cause, Mr. CONWAY, & Dronerty owner 1n that neighbor- hood, objected to having his jands drained, and Mr. Foley replied, urging that the public ot shoulda take precedence of private interests, Messrs. Stern, ‘Townsend and others also testified to the impor- tance of drainage to the general health of the district. Mr. TWEED sald he was satisfied that there was great need of the measure proposed by the com- mittee, and promisea to begin the work imme- diately with the force at bis command, On Monday next he would contract for the remainder of the work, which should be completed without delay, After thanking Mr. Tweed for his prompt com- pliance with their requests the committee withdrew. held at Lie, We also note sales of 400 Uerces city lard, in Jota, at Toe! Butter and cheese were quict, at about previous ri ‘a Hier. —A fair jobbing trade continued in progress at pre- viowa full prices. Ibe sales were 500 bagy, at 70. a 7c. por jb. for Rangoon, and 7c. a 7%. tor Pana. C sold of 60 terces, in Jou at O4R.—The market was Darolian at } 1 The nalea were on she for fair vo good refining. . Late 1b. Kefined fe white, and 2%. An ie. bard, “We angle = Coba—Jusulos w svauiy a 'reunsog, Sab basis of | When his DAOWHED AT A FERRI. At about seven o'clock last evening, while Mr. Hugh Flynn was sitting on the pier foot of South First street, Williamsburg, he was taken with an epileptic fi and fell head foremost into the dock, burying his head in the 1, All efforts to save the unfortunate gentiemau proved unavatling. was vrougnt to the surface life wag extinct, Mr. Flynn Was avout twenty-nine years of age, a naiive of one of the Kastern States, te wast very respectavly connected, Since his childhood he Wane o Yigi dll Yo epuepsy, \ f 4)