The New York Herald Newspaper, January 21, 1872, Page 3

WASHINGTON. President Grant’s Supporters Seized with Fear and Trembling. CLOUDS DARKEN THE POLITICAL HORIZON. Trumbull, Wilson, Julian and Various Organizations Against Re-Election. THE VICE PRESIDENCY. ‘The Powers Behind the Throne Looking for a New York andidate, QONDITION OF THE SOUTHERN STATES, WASHINGTON, Jan. 20, 1872 Yrembling and Trepidation in the Ranks ef Grant's Supporters—Lyman TrumbulPs Friesds Leading Him on to the White House - ‘The immediate and personal friends of the Prest- ‘@ent, and of his renomination and election, are ‘troubled at some of the aspects of the situation. ‘They begin to realize quite forcibly that the oppo- sition to General Grant 1s both crystallizing and organizing. Everything points to the probable ac- eeptance by the democrats and revenue reformers of Lyman Trimbull as the coalition candidate for the Presidency. Mr. Trumbull’s Senatorial term expires in 1873, and itis supposed that his suc- eession will create such @ acrambie as to make 4 re-election uncertain. admit that the lino Senator would be one of the most formidable of the candidates against their favorite. Western railroad iuterests, identi- fea with the great lines from Chicago westward through Jowa to Omaha, and, probably, the Union Pacific mterest aiso, are hard at work, putting one of their atuorneys, Hon, James F. Wilson, of Jowa, through his paces, so as to trot himoutas a Presi- @ential candidate before the Republican Conven- tion. Oakes Ames, General Dodge, Mr. Allison, Senator elect; the Chicago and North-western, Rock island, Llinows Central, Dubuque and Sioux City and other Western roads are in 1tbis movement. The Western roads are more impa- tient than the Pennsylvania King, Tom Scott, ap- Dears to be, and are evidently stripping for an en- trance into tne political arena, Other parties who are discontented with the present incumbent are confidently counting on several minor divisions. ‘The labor retorm party are sure to nominate Presi- @ential candidates when they meet at Columbus, ho, early in Fevruary next. The Pacific and trans-Missourl States will favor Mr. Julian; the Middle and Southern States will support some one on the currency planks of their platform, as General Ewing, of Ohio, or Gov- ernor Geary, of Pennsylvania, The Eastern States ‘will not be largely represented there, though Wen- @elt Phillips will lead a delegation from Massa- ehusetts, Besides this Convention, it is declared that the temperance politicians wil! either unite ‘with the Jabor men, or, what is more likely, nomi- mate their own candidate. It is predicted that the eolored vote will be thoroughly discontentea if Mr. Sumner’s bil) fails to pass, and may render only lukewarm support, or even offer opposition, to the President's renomination. Besides these factions ® leading German politician, who has just returned from the West, and who is favorable to Grant, de- Clares Schurz has made great progress in disatfect- ing the German republicans, Leoking to New York for a Candidate for Vice President. 5 AfieW phase in the Vice Presidency discussion is Gow being developed. it is in contemplation to find, if possible, some New York republican of sufficient prominence, ou whom the majority of both wings of the party there can unite, and present the name to the Philadelphia Convention as the choice of the Empire State for the second place on the President * galticket. It 1s believed that such a candidate would be acceptable to the party, and also be in- strumental in preventing the bolt which it is be- Meved is foreshadowed by Mr. Greeley’s refusal to sign the call for the Naticnal Republican Conven- tion. Secretary Belknap’s Military Convict Prison Bill. Secretary Belknap has sent tothe military com- mittees of Congress the draft of a bill to establish army prisons for military convicts, the features of ‘the jl! being in great part modelled on the British aystem, as reported by a board of American army oficers sent to Canada last summer to inquire into the subject. The present custom in our service is to send soldiers sentenced to imprisonment and hard labor, for desertion and other major crimes, to State penitentiaries; but, apart from the cost, this system is represented to be objectionable, and especially injurious to the military service. Tne same system was formerly followed in England with the same results. Tne main features of the mew system are the enforcement of example upon the troops by the near presence of the prisons to their stations, and the restoration of the convict to tne service, if his term has not expired, a weil in- atracted, industrious and orderly soldi2r. ‘The Reports ef the Southern States Investi- gating Committees. The majority repert of the joint Committee on the Insurrectionary States is now completed, with tne exception of one branch—that on the financial @ondition of the States under investigation. This 4s expected to be finished soon, and the report wili then be made to Congress, It will occupy less than one hundred pages, and will be accompanied by about four thousand pages of testimony. The tes- tumony taken by the sub-committees in Georgia, Florida, Alabama and Mississippi 1s not all printed, and the committee will ask leave to make a supple- mentary report, The chief point in the minority report will be made on the financial malad- ministration undoubtedly seen in some of these States. Mr. Beck, who is preparing ‘the financial part of the minority report will pro- Dably base an argument in extenuation of the Ku Elux outrages upon the anger aroused by wide. spread corruption, It is claimed by the democrats on the committee that about two hundred millions have been added to the debts of the Southern States, ‘This 1s undoubtedly an exaggeration. The majority ‘wiil argue that the alleged corruption is not to be given as the cause of Ku Kluxism, as, with the ex. eption of tne Carolinas, the States in which its worst manifestations have been proven to exist Rave little or no State debt. Mississippi and Ala- ‘ama are such States, while in Loutsiana and Vir. gimis, in which States the debts have been most largely increased, have had no Ku Klux out- rages for the past two years, Delegation of Creek, Cherokee and Choctaw Indians Waiting on the President. An indian delegation of Cherokees, Creeks and Choctaws called on the President to-day. The Chero- kees were represented by W. P. Ross, C. N, Van and W. P Adair; the ureeks by Chief Samuel Che. cote, Pleagant Porter, Jonn Moore and Sanford Perrymaa, and the Choctaws by Governor Fickelyn. They informed the President that they were op- posed to Congressional legislation which proposed for them a Territorial government, and were satisfied ‘with such institutions as they now have in the In- Gian country. They already had their little repub- Mos acting in concert with and to the benefit of the People, and these pleasant relations should not be @istwrbed. Their lawe were not only adopted to the Civilized Indians, but to those who had not yet beep brought under their educating infuence. Ip time they would he absorbed py the white Pepulaven which was crowding upon them, and therefore they should be allowed gradually to pre- pare for the consammation of this event with as few attendant evils as possible. In other words, they Gesired to be ies alone, and to work ont their own Gestiny, The Indians had confidence in tae Presi- Gent, and were satisied that his poitcy in the direc- On OF peace Was intended, and would result jn Wetr denegt. They lpoked to him as their protector, and begged ‘him to tnterpose, so as uot to permit encroachments upon their rights. They incidentally Btated the progress they had made, referring to their institutions of learning and the good order and thrift which prevailed among the several nations, ‘The President received them kindly, and sald as far as he was concerned no Territorial government shail be extended over the Cherokee country unless they want one. He expressed h's gratification at their social progress, and assured them that he would at all umes do whatever lay in his power ‘o promote their prosperity. The delegation re- Ured, much pleased with their interview. Mr. Catacazy’s Bequest te the State Depart- ment. It is stated that Mr. Catacazy has been studying the constitution of the United States to some pur- pose, and nas left behind him a bombshell which 1s to explode upon the State Department through the medium of the Supreme Court, The second section of the third article of ‘that instrument extends the judicial power of the United States to all cases affecting Ambassadors or other public Ministers, and Mr. Catacazy considers the charges made against him as coming under this provision. Before quitting the country he haa a petition prepared, setting out the allegations which have been made against him and controverting and denying them. ‘The document is said to be couched in the most Positive terms and to take issue squarely on tue ‘whole question, Federal Offices in the Territories, This morning the delegaves from all the Territories and the District of Columbia, excepting Mr. Hooper, of Utah, who 1s not in the city, waited upon the President and were formally presented by bim to ex-Governor McCormick, of Arizona, chairman of the organization of Delegates, Mr, Claggett, of Montana, then addressed the President, presenting the unanimons resolution of the delegates, request- ing that hereafter the appointment of federal officers in the Territories be made trom citizens of the same, Mr, Claggett stated that at present quite three-fourtns of such officers were from without the Territories; and, while the administration had been evidently more careful than any previous one in making its selections, there were many reasons why the people of the Territories would much prefer to have the offices fillea by thelr own people. Indeed, it was claimed as @ matter of simple justice, as most of the Territories now have a considerable Population and return @ good revenue to the gov- ernment. The President said he had long been of the opynion that most, if not ali, the officers of the Territories should ve chosen from the citizens, and that he had suggested to the Civil Service Commission the in- corporation of a provision in their regulations re- gniring the appointments, excepting judges ana Indian superintendents and agents to be so made. Alter a further exchange of views the delegates left the President, much pleased with the interview. It may be stated tnat the exception of Indian super- Intendents and agents is necessary in view of the policy of the President giving the selection of these to the religious denominations, and that the excep- tion of judges 1s required, as qualified persons wil- ling to accept the positions are not always to be found in the Territories, A Spanish Fleet Concentrated at Havana. Advices received at the Navy Department con- firm the announcement of the concentration at Havana of a fleet of Spanish war vessels, and from the number it is evident the Spaniards intend to be prepared for any emergency that may arise. Messrs. Pollock apd Snowden, of the Mint, Fally Exonerated. First Comptroller Tayler, of the Treasury Depart- ment, who was sent to Philadelphia by Secretary Boutweill to investigate the charges preferred by Assistant Treasurer Eyster against Director Poliock and Superintendent Snowden, of the Philadelphia Mint, returned here last night, and to-day reported verbally to the Secretary that he was tully con- vinced of the innocence of the accused without examining the host of wituesses summoned for their defence. The testimony taken makes a thousand foolscap pages, and throughout the investigation Mr. Tayler says there Was not the slightest founda- tuon for the agensation. Secretary Rebeson’s Reforms. The Secretary of the Navy nas decided that here- after no officer Of tiignavy snail be ordered to duty im a position de) tory $o lis grade, and, as far as practicable, the only office that shall be filled at tne Davy yards by captains shali be that of executive officer. Expenses of the Reception of the Japanese Embassy. The appropriation of $50,000 asked by the State Department to defray the expenses of tne reception of the Japanese Embassy will be favorably reportea upon in the House on Monday or Tuesday next, and, 1t 1s believed, will pass witnout opposition, Weekly Treasury Statements. The receipts of fractional currency for the week ending to-day were $761,700; shipments, $544,200; shipments of notes, $296,500. The ‘Treasurer holas as security for national bank circulation $370,680,400; and for public deposits, $15,331,000, National pank circulation outstanding at this date $328,999,811; coin balance at the clost of business to-day, $103,977,000; currency balance, $10,943,000; coin certificates, $37,844,000, The Fitty Cent Fractio: Currency. The discovery of counterfelt fifties of the new series of legal tenders will require that the enure circulation of this denomination be callea in a8 809N as & Dew design can be prepared at the Bu- reau of Engraving and Printing, which will be at deast three months hence. {oternal Kevenue Receipts. The Internal revenue receipts to-day were $255,726, and the receipts for the month to date, $7,234,165. The grand total for the fiscal year is $72,767,805, The Transpertation of Merchandise. The Treasury Department to-day decided that under the provisions of the fourteenth article of the regulations of October 1, 1870, for the trans- portation of merchandise without appraisement, that when merchandise is entered for transporta- tion under this provision the port of destination should be placed on the same footing, so far as the allowance of damage is concerned, as tne port of original entry, and that the ten days specified in the act of 1799 should commence on the date of arrival atthe port of destination. So much of article 200, Revised Regulations, part fourth, as requires that damage on the voyage of importation shall be ascer- tained at the port where the vessel originally enters, issuspenaed in cases of this character, and the voyage of importation will be regarded as ending on the arrival of the merchandise at its destination, Changes in the Quartermaster’s Department. The following changes in stations and duties of omMcers of the Quartermaster’s Department have been made:—Lieutenant Volonel John B. Ferran is oraered to duty as Chief Quartermaster of tne De- partment uf the South, relieving Major Asher R, Eddy, who will assume the duties of Chief Quarter. master of the Department of the Gulf, from which Major James Belger ts relieved and assigned to duty in the Department of Texas. Internal Revenue Appointments in New York. ‘The following storekeepers under the Internal Revenue law were appointed to-day :—F. Gaston for the Twenty-fourth New York district; Charles Gunther and Frank Taylor for the Sixtn New York district, Personal. There is no improvement in tne condition of Speaker Biaine’s sick child. #x-Attorney General Akerman 1s Teportea as convalescent. Steam Gauge Recorders All the members of the Boara of Supervising Steamboat Inspectors save one are now here. They have approved three gauge recorders, viz., those of Ashcrott, of Boston; Greenwood, of Cincinnati; and Davis, of New York. Texan War Claims. In November last the Secretary of State of Texas presented at the Treasury @ claim for services of troops in protecting that frontier, the aggregate be- ing $209,657. The subject was referred to the Sec. retary of War, who says only $60,000 were expended for the six companies, under the act of Congress of 1869, and the balance, 1t is supposed, is claimed under the act of 1860, He presumed that no om- cer can audit or pay the money at this time agit has been carried to the surplus funds, The Secretary of War was authorized—nov directpd—to Illuminating Deep Water Buoys. The Light House Board 1s prosecuting experi- ments with the view of adopting some method tor Mluminating buoys, Agricultural Chemist. Dr. Ryland T, Brown, of Indianapolis, Ind., has been appointed chemist to the Agricultural Depart- ment, and has entered upon the discharge of his duties, | Hints for Legislators—What Should Be Done at Albany. The German Central Reform Organization assem- bled at Beethoven Hall, in Fifth street, near the Bowery, last evening, and reorganized for 1872. Over three hundred delegates were present, repre- senting, a8 1s claimed, 60,000 eitizens, Thie follow- ing oficera were elected:—President, Oswald Otten- dorfer; Vice Presidents, Sigismund Kaufman, Henry Clausen and David M. Koehler; Secretaries, Mar- cus Otterbourg and Adolph G. Dunn. After the election the Cnairman, Mr. Oswald Ottendorfer, addressed the committee substantially as follows:— MR. OTTENDORFER’S SPEBCH. It 1s astonishing to see what deep interest the Legislature takes in the welfare of our city. It not only enables us to keep intact our public credit, but, deeply impressed by the sufferings of our fellow citizens, it is anxious to provide for the settlement of all claims that ought to have been paid by the moneys stolen by our officials, Several proposi- itions for sach a purpose have been made. The most of them do more honor to the heads of their originators than to their hearts, and even that is doubtful, for 1¢ is very easy to be magnant- mous with other peoples’ money. They provide that not only all the deficiencies of last year shall be audited by @ board consisting of members of the different departments, but that the means to cover these deficiencies shall be procured by the issue of consolidated debt bonds payable by the next generatioa, It seems our leg- isiators im their benevolence do not re- member the sad experiences we have had with the different boards of audit organized by special enactments, It does not occur to them that e very same departments which incrsased the liabilities are the least appropriate tribunals to ae- cide on the admissibility of these claims, and that if @ board of audit is to be organized in ought to con- sist Of civilians and experts who are,in nu way con. nected with the city government, and who can in no way be influenced to promote by their decisions their personal interests. But-of course when you hear that there are unpaid claims for printing and adveriising during 1871 presented in the Comptroller's office to the amount of $800,000, thea you will understand what this struggle for the Board of Audit means, for by the acknowledgment of this single claim the members of that Board and their triends can secure for them- selves the enthusiastic support of about a dozen newspapers; and 1t may be too Much asked, even from a reform legislator, to be trumpeted in popu- larity and to make the taxpayers pay the expenses, The only reasonable bill tm connection with this matter seems to me to be the one intro- duced by Mr. Hawkins, for it provides for the payment of the most pressing claims which are Specified in the act, and about the correctness and legality of which there can hardly be any doubt, and orders the auditing and payment by the Com troiler without any other interference, ‘The only objection | would make against this bill 1s that it altows the means to be procured for the payment of these claims by the issue of revenue bonds pay- able within two years, while I believe that all the eficiencies of last year that must be acknow- Jedged and paid should be paid by the proceeds of the tax levy of the present+ year. (Ap- lause.) But even this bill could not be rought toa thira reading in the Assembly, and it seems that the prospects of appointing @ Board of Audit are too seductive to our legislators to let that slip out of uber hands. Under these circumstances Isee the only efficient way to protect us against the evil consequences of this auditing nuisance 1s in tnststing that the means to pay the deficiencies of last year Must be procured by taxes to be levied this year, and in order to contribute our share in accomplishiog this result I offer the following reso- lutions :-— Whereas the current expenses of every well managed municipal government are to be met by Toguiar Soary taxa- tion levied for that purpose, and ® deviation from such practice can only ve justited by the, occurrence of extraordl- Bary events imperatively requiring larce sums to avert great and Imminent ; and whereas debts to fail due ata re- future period should only be contracted for carryt ‘out and permanent improvements, to the ead that generation which will be called upon 1 the itquidation of the principal sum may also enjoy the fruits of the investment; ‘and whereas the present voters of the city of New York should be held responsible, in a great measure, tor the shameless robberies which, during the last few years, have been committed in the’ course of the aaministration of the affairs of this city, because by their own apathy and neglect of duty they had enabled corruption to creep. in and intrench itself to the extent to which ft has been done, and should consequently not be permitted to per- pevaate the lojustice of inflicting puntsument upon posterity for sins by themselves committed; and whereas the attention and vigilance of ‘tne cltizens. of this city, and @ due supervision on thetr part of public affairs can be best secured by vringing the results of an extravagant, and corrupt city government fmmediately and regularly to their notice in the shape of regular and di- Fook yearly tazation and wiereas the payment of the rev- enue bonds which fell due on the loth of fast January, to the ‘amount of $6,250,000, and should have been redeemed out of the proceeds of last year’s taxation, has been affected by the issue of new revenue bonds, falling due at the end of two yoars, whereby the burden of that amount hag been trans- ferred from the year I871 to the year 1878; therefore, fesolved, That the entire current expense for carrying on the city government during the present year, including the deficiency for 1871, should be raised by taxes, to be levied and collected for the year 1#72, and that the rate of taxation should be so far advanced as to inwure the collection of » Suflclent mount for that purpose, ved, Thut the deficits for 1871 shoula be recognized and provided for only to the extent of all claims for services actually performed and for ,matertals and supplies fur- nished at reasonable rates. that the "heads of departments which incurred liabilities exceeding the apart for them by the Board of Apportionment held responsible for the consequences of their illegal acts. Resolved, That we coniidenily expect that the Legisiature now in session will not content’ itself merely with legaliza- tions of past violation of law, and that it will therefore under no circumstances deviate from the principles enunciated by us in these resolutions. Any such deviation would stamp its legislative enactments as a mere set of resolutions having no real binding force, and which may be violated with impunity. A committee of five was Le set on contested seats, and a motion was made to appoint a com- mitiee to goto Albany and bring the matter con- tamed in the resolutions to the notice of the Legis- lature but, after some discussion, it was lost, their Publication being considered sufficient, LOUISIANA. set it in the City of New Orleane— as President of the it Governor firmed by the Legislature Yesterday. New ORLEANS, Jan. 20, 1872, There was some excitement to-day, and a heavy concentration of metropolitan police in the vicinity of the Mechanics’ Institute, where the Legislature meets, All the Carterite Senators took their seats, and @ resolution declaring the late extra session legal, and consequently confirming Pinchhack’s election as President of the Senate and Lieutenant Governor, was adopted, by a vote of 17 to 16, Pinch- back having the casting vote, This action was made final, and is regarded asa decided triumph for the Warmotuites, Grand Jury Case at New Orleans. NEW ORLEANS, Jan, 20, 1872. The Grand Jury found a true bill against Lieuten- ant Governer Pinchback, Senator Butter and others for shooung, with intent to kill, and wounaing Major Chester on New Year's Day, ‘They were valied at $1,500 each. CANADA. The Termination of Labor of the Doe m Board of Trade—Canada and the United States Merchants to Unite for Free Trade. OrTawa, Ont, Jan. 20, 1872, The discussion in the Dominion Board of Trade on trade relations with the Unitea States and com- mercial zollverein terminated mm tee adoption of resolutions for appointment of a delegation to con- for with the Executive Council of Canada and the United States National Boara of Trade, affirming ‘that it is the opinion of the Board tnat the idea of azolloverein could not be entertained, although they were willing to negotiate for removal of all restrictions interfering with the legitimate prosecu- tion of trade as far as might be found veneficial to the interests of the two countries, Messrs. Hazard and McLarea, American dele- gates, addressed the Board, advocating closer com- mercial relations with Canada, even though they did An Maintain that a zollverein would be the best sys Matters connected with the petroleum interest were next brought forward, and @ motion was adopted expressing the hope that crade petroleum would be considered in any ar: ment that might bata for the purpose of ging about iree THE SAULT STE. MARIE CANAL, Derrort, Mich., Jan. 20, 1872 © Reports from Sault Ste, Marie say that no prog- ress has been made toward deepening the canal. Owing to the repeated breaking of the coffer dam it 4s found impossible to snut of the water, and it 18 Jeered that Much More time WHI be low NEW YORK HERALD, SUNDAY, JANUARY 21, 1872—TRIPLE SHEET, pay theclatm, and the account cannot be enter- tained until further legislation by Congress. SQUANDERED DEPOSITS. Suspension of the Market Savings Bank. LIABILITIES DOUBLE THE ASSETS The Institution Closed and a Receiver Appointed. The Union Square Bank to Pay Fifty Per Cent. Continuation of the Run on the Third Avenue Savings Bank. Meeting of the Depositors of the Eighth National Bank. THE MARKET SAVINGS BANK. Suspension of the Inatitution—A Receiver Appeinted—Effects of Wall Street Specula- tlon—Investing in Long Isinnd Real Estate— Liabilities Double the Amount of So Asacts. ‘The current rumor which prevailed in Wall street on Friday afternoon that the Market Savings Bank had suspendea payment was verified yesterday Morning, ana anxious depositors, who perused the coiumns of the HERALD and read the unwelcome intelligence, hastened early to 62 Nassau street, only to find their worst fears realized. Most of those who did business with this institution are SMALL CAPITALISTS, engaged in commercial pursuits in the vicinity of the bank, as it afforded many facilities which are denied by similar institutions, As early as cight | o'clock yeeterday morning men with troubled faces couid be seon staring at the unopened doors, await- ing with anxiety for ten o'clock, hoping against hope that all would then be well, This belief had gained ground, as the officers, up to a late hour vhe previous evening, had positively demed that there was cither a run or anything irregular in their accounts, They stated that there only existed a want of confidence in every savings bank, and they could hardly hope to escape from the general suspicion. oth the President and acting Vice-President were determined to keep up the credit cf the concern to the last moment, and allowed the report to be circulated in financial Circles that the bank was not only in a sound condition, but that there was sufficient reliable assets to pay all liabilities, The credulous laughed ai the idea of a bank with such an array Of influential names among its trustees being em- barrassed, especially after the example of the many institutions which were recently closed for incautious, if not culpable, speculation, THE SHREWDER ONES, however, took good care on Friday to draw out all they could, a8 the mere suspicion of being suspected ‘Was sufficient to affect their sensitive pockets. As the hour for opening the bank approached the crowd grew larger, as during the morning a hint was thrown out that some heavy losses had taken place through the failure of a firm in whose possession were Tennessee bonds to a large amount. This intelligence soon spread, and at the stroke of ten people with bank books in their hands filled the spacious passage, the high stoop and a goodly extent of the sidewalk. The solid doors, howevef, remained closed, but ashort time after a young élerk elbowed his way through the throng agd appended the following notice on the door:— OCCA LOLOL RENE DEOE HE HODGES. -_ slowed, and in the bands of James Dennis, Recetver. Qrvergrereras cree re eer ne ne ADO OO ODOT OG HE The HERALD reporter followed the clerk by the side door into the bank, bus only found the two ex- aminers of savings banks, who had at first been re- fused admittance. They were informed that the President had gone up to the Court House and a re- ceiver had been appointed; so thelr occupation was one. . IN CouRT. Yesterday beatae in the Supreme Court, before Judge Barnars + Van Name, the President and also one of the tees, Commenced a suit in benalf of the depositors, making affidavit that he believes, after a carelul examimation into the affairs of the bank, that the assets exczea the debts by a small amount, but that the assets to the amount of about one hundred thousand dollars were not secured. Juage Barnard hereupon appointed Mr. James Den- nis, of Hempstead, L. I., as receiver, he having filed a bond for $100,000, Mr. Van Name and Mr. J. 8. Bemus beco! his sureties. One of the principal Gepositors is Mr. James 8, Carpenter, at whose instance the foregoing suit was brought. CAUSE OF SUSPENSION. On Friday morning Mr. Henry R, Conklin, the Sec- retary, felt constrained to inform one otf the direc- tors that some time ago he had entrusted vhe firm of Messrs. Helser’s Sons, brokers, of Broad street, with about one hundred and twenty-five thousand doilars’ worth of Tennessee bonds to sell for the bank, This firm disposed of these securities, and on Mr. Conklin applytngfor the proceeds he received the astounding intelligence tnat they were embar- rassed, and declared themselves unable to pay, as they had met with heavy losses on the Stock Ex- change through the sudden shrinkage of some South- ern States bonds in which they had largely invested. The President himself cailed on the firm and re- mained closeted with the principals nearly all Friday afternoon, but at a late hour felt that no immediate rellef could ve obtained and it would be impossibie to secure suficient funas to meet the inevitable run which, had the bank opened, would have taken place yesterday. So, alter consultation, he found it ad- visable to place the bank in the hands of @ receiver, as any further endeavor to sustain its credit would involve the betes) at a loss of securities that will ultimately sell at their full value, LIABILITIES AND ASSETS, The clerks were all day yesterday busily engaged in going through the bank accounts and in examin- ing the bonds and mortgages on hand. On Monday a detailed statement will be ready for publication. ‘Yo make matters worse and alarm the depositors more one of the officers is said to have toid one of the directors that he had used @ considerable portion of the bank funds on an ‘“in- fallible poinv’ in Wali street, but that he would come out of this speculation without loss if only time were given. This gentleman was also a cousider- able purchaser of suburvan lots on Long Island, but the depressed condition of the real estate market, especially in that locality, precluded the possibility of realizing without serious loss, RETICENCE OF THE OFFICERS, “Drawing oak stumps’’ was chila’s play to receiv- ing any information trom the bank oftictals, ‘They were suspiciously reticent and much more remaius behind than that given to the public, and there is @ strong suspicion prevailing in qaarters usually well informed that many of the securities are of such @ nature that it will be im ible to realize on them more than from @ haif to two-thirds of their value, ‘The report of the bank, which was to have been published if the run nad not taken Place, according to an affidavit of Mr. Willtam Van Name, places the liabilities at $1,081,773, and though the totai of tne assets, taken on the face, exceeds, as already mentioned, that amount by $100,00u, still the good assets will not figure up to more than naif a million. Depositors lingered around the doors up to @ late hour yeater- day afternoon, and the expresstons used towards the directors were neither complimentary nor decorous. What Ex-Trastee Vole Says of the Bank, New York, Jan. 20, 1872, To THE EDITOR OF THE HERALD: In reading over the HERALD to-day I find my name published ag one of the trustees of the Market Say- ings Bank. J was an active trustee of the Market Savings Bank tor several years, but have ceased to be such for a considerable period. Wiaile a member of the Finance Committee I objected to some securities that were about being purchased for the bank, and gave, in my opinion, excellent rea- sons for rejecting them. On &@ vote being taken 1 found I was in a decided minority, all tne ves present voting !n favor of posed in: veutment. xcept myseli, 1 thereupon ned, my services were of no use to the bank. tended @ meeting of the trustees for considerably more than a year. In this connection I would say that I also objected to tie secretary of SE Toealos Saag treteaee Gear I wrote to the Bank Superintendent “ita aay and Sr tan rm lng rane tunation | hed of any iting tunes J orig in the" stare ket Savings Bank’ I repaired im wo the beak tats morning and ascertained the following Mr. James 8. Ci iter, the counsel for the bank, ho lp piso trustee and eposivon, applied to Jucige e mmedtate cause of the failure of the Market Savinge Bank was the inability of a Wall street house to the sum of $119,000, which they hold a8 trust funds of che bank. OTATEMENT OF THE BANK ON THE 187 OF JANUARY, 1672. Anactr, £0,000 United States currency bonds. 1004000 Tennessee State Gone. Per oe see jabamma State bonds... HaR000 Sous Caroling Sestst 6,000 ¥ fonkers town bonds. coeesneses Bly1i0 028 15 iog January aoevecese $1,081,778 78 Polanco over 1seBilitres, sotteeeesees — $89)149 42 Examined and found - J, P. RICHA! Examining Committee. PEVER VOURH! ©. L, GODDARD, Finance Committee, JAMES DENNIS, The amount held by the house aforesatd ts in- cluded in the first two items of the assets. It will be seen that the Southern bonds are credited at par Value, instead of the market price, which reduces the assets some eignty thousand dollars, If the delinquent brokers pay the amount they owe, and the call loans and bonds and mortgages ere secured, the loss to the bank will be @ little more than the interest due depositors for the siX months ending January 1, we L, COLE. THE THIRD AVENUE SAVINGS BANK. The Great Run—But Little Abatement Man!- fested—Quite Rapid PaymentseAssistance from Other Institutions. ‘The scenes about the Third Avenue Savings Bank yesterday were merely a repetition of previous days. ‘There was the same rush for good positions near the door before the opening, the former scramble for places within repeatea, with a little more energy on the part of those who had been cut out betore, and the regular routine of paying out, The only difference in the payments noticed was that the tel- Jers paid more rapidly than they have for many days. The following are the Ogures:— Admitted on tickets ...... ‘Admitted without ucitts. Total admissiona................. Pad persons, 91; extra books, 31 ‘Tickets issued for night session... ++ 84 In the hands of the thirty-four were nine extra books, ‘The attendance was about as large as on the pre- vious day, but the people were not very large de- positors. Immediately after the forty-nme had been admitted, at ten o’clock, the sign, “There are as Many inside as can be paid before three o'clock,’ was put out; bus it was dis- covered that the usual Notice, “The bank will open at —— o'clock,” was omitted. Some of the outsiders commented upon this circum- stance and speculated upon the thought that it Would suspend at three. T'ney, however, hugged the doors closely until three o’ciock, when the usual speech of assurance was uttered by Mr. Spencer and tickets issued to those within. ‘This quieted the fears of the timid; but about eighty kept their places in line without until six o'clock, when a jew more were adinitted. The feel- ing among the creditors continucs to be sus- face! although the trustees have paid all that has m demanded of them. Of course there are ex- ceptions, One German lady who deposited $2,000 yesterday said to the reporter, ‘I’m not afraid of the bank. My huaband says it’s good. The people are fools.” Per contra, an intelligent gentleman drew out $4,000, sald:—“The officers of @ down- town bank, where I do my business, say this bank has been rotten ever since it started, and I believe it 18 now very rotten, J will at once deposit mine ig another bank, Where they will tell the peopié the nature of the securities in which they put their miite Ths BAdeOOR toate he line without made himself conspicuous in denouncing tne bank, and later attempted to buy books. The traffic in Dooks 1s NOt so profitable as it used to be, as the people seem to think that they will get their money if they persevere. The perseverance of one Deitch 18 remarkable. He has on deposit only $1, yet for three 8 he has been clamoring for admission, ere were paid last evening m the two hours enamg at eight o'clock forty-three persons and nine extra bovks. The latest number admittea at six was 117, and seventy-lour tickets were issued for Monday. Mr. Tuthill addressed the crowd ugain last evening, and they were promised prompt payments. He was re- ceived yen | ted PO a Noe ae ple, upon whose Ye are pleased with the leniency shown them, and very anxious to terminate the run lest foreclosures may occar. The ran has now lasted seven- teen days, and diminishes but litte, lt ts pone kieg hee about two thousand five hun- sees 16 seen 9 ngs profiting by the run, and placafd the neighborhood with bilis offering inducements to depositors. The trustees were more sanguine yesterday than ever of their abiligy to ead the run. it was rumored down town yest@rday that two institutions have come to the bank's assistance, and that the Tarrytown prop- erty has been sold at $1,500 per acre, 5 EIGHTH NATIONAL BANK. Aa Iovestigating ittee and What It Dis- covered—Meeting ef the Depositors—Invol- untary Bankruptcy the Probuble Fate of the Institution. A meeting of the depositors of the Eighth National Bank was held last evening at the Sinclair House wo hear tne report of the committee appointed to investigate the affairs of the institution. Mr. Archi- bald Johnston called the meeting to order. Mr. J. H. Stephenson, having been moved to the chair, stated that the report contained all the information that the committee was so far enabied to obtain. Mr. JOHNSTON, Chairman of the Investigating committee and secretary of the meeting, in submit- ting the report said that It was not altogether go: plete, as it had been prepared in great haste, o' tothe eagerness manliested by the depositors to have a statement of the affairs of thebank, He was rather surprised, however, that there was not a larger attendance, considering the anxiety previously displayed by those interested in the pro- ceedings. Mr. Johnston then read the report which will be found below, together with a statement showing the overdrawn accounts on the day the bank suspended, about thirty-two in all, and averaging over one thousand dollars each. He also set forth the amounts paid out on check on the bame day, which represented the suin of $5,443 14. ‘the report having been unanimously accepted a briei discossion followed as to the various matters contained in it. Mr. Ryan moved that a vote of thanks be given to the committee for their energetic labors In bay- ing secured such information concerning the insti. tution, ‘The motion was adopted. ‘Mr. Ross then moved that the committee be em- powered to employ counsel to ascertain: whut legat Means could be adopted by the depositors to secure their funds. mar. JOHNSTON explained that it was competent for the depositors of the bank to throw the instita- tuon into imvoluntary bankruptcy, and by tnat means they could appoint their own receiver and ‘would have exclusive control over his action. The receiver appointed by the Comptrofer of the Cur- rency Was an autocrat, and was responsible only to hin. ‘This suggestion seemed to give general satisfac. tion to the vepositors, and a resolution having been passed autuorizing the continuance of the invesu- gating committee the meeting adjourned, having previously agreed that the result of their delivera- Uons should be submitted at an early day. ‘ine following 18 the report of the committee:— To THe DEPOBITORS OF THE E1GHTH NATIONAL inted by ry to Investigate 1 ment and organized by appointing Architald Johnston man and J, H. Stephensun Secretary. The committee bave bad several lnterviews with the receiver and have gone care: fully over the statements of the condition of the bank ns made up to the vay of its suspension, and the following la u reauit ‘The asset of the bank, as per the statement shown us, consist of the following tern: Bonde depositea tn Washington to secure eircut S 3 ee susesess mated over and above encumbrances. Lease of banking house, estimated. Kents due the bank to date. Be age: ‘The liabilities of the Heat Cireulation. ....-.200+0+.- 00 Due Butchers and Drovers’ Bank. B Due Butchers and Drovers’ Bank we Due Third National Bank. 30,000 40 Due other banks. 48,000 00 Taxes unpaid ,, 13,300 00 sesetees MLD BD Due depositors. 78396, 495 03 Individual claims presented... 6,567 14 On account, twelfth dividend..s.eve.... 300 00 Total amount, second clase. . §409,69 17 Total Habilities, conse ROA IBS OD AVITDLATION. Total assets considered good... vee $694,083 55 From which deduct lablities of ihe irst clase 441,293 23 —Leaving bo reparger class, amounting Derictt OF pr clined to the ems and amount of the encumbrances upon the Maison rty, the committee have been unable to form re- Doree prope: Henle _gastinates of the amount which wili ve realized from ¢ sale, tae forges is the situation of the property where the ry t= Lease from 1869 to Te ea per annum and taxes, Lease fram 1879 to 500 and taxes. Lease for twenty-one years from May 1, 1885, at six per cent on a valuation not to be leas than 6,500 per annum and taxes, rents realized for the buiiding, exclusive of the the bank, Drovers’ premises occupled by ‘The Butchers and ception of the two pieces of property mentior committee believe are generauy reliable, ‘ The committee ap @ list of the stockbolders as given’ them from the books of the bunk. But it appears that this amount $25,500 has been bought by the bank, although never transferred from the original holders, so that the - the bank nas been reduced to 224,500, The comm! also a ‘some extracts trom special loans, cash Overdralts, kos together with a list of checks paid on day the bank suspended, which may be of interest to the positors, Your committee desire to state that they are of opinion that the bank has been insolvent for a long time and that its affairs were carried on in a very loose and unbusl- neas-like manner. It appears that the directors did not meet Oftener than once @ month, that at such meetings @ quorum Was seldom present and that the discounts were generall made by the cashier, ‘Tne committee have been informed that the bank has not been examined by the government ex- auiner for two years and six months, and that when Mr, lender last examined the bank he was paid $500. he receiver informs the commitiee that he make a email dividend to depositors within sixty dave, and hopes to close the afairs of the bank within one year, unless there should be suits or other unex, xd obstacles, It wilh be borne in maind that your committee had no legal right, to atigation of the bank; that they could go no farther be 4 R i #5 he an than the compialsance of the receiver permitted. For this reason the report is not as full and complete as could wished, or as it might have been had the report been post- joned; but in compliance with the wish of many depositors be committee deemed it best to lay before you the result of their labors thus far. Should you deem it best to it the committee further time, they will continue thetr investiga- tions and particularly hope to learn something In regard to a very large claim which they learn will soon be presented against the bank, but which dors not appear on the state- ments. The list of the depositors was refused to tae com- mittee. In the list of over-ra(te will be noticed the names of Union Adams and of Union Adams & Co., from which it appears that the President of the bank is not now a depositor. in conclusion your committee desire to say that they have made as thorough an investigation of the affairs of the bank ‘as was possible to do under the circumstances, and they re- gret that the result t# not more satisfactory. 'Respecttully submitted. ARCH, JOHNSTON, Chairman, JMBNEON, Secretary, CHARLES 'N. CRITTENTON, B. C. PERRY, AUG, DOUVILLE, THE UNION SQUARE NATIONjL BANK, B. T. Beekman, Receiver of the Union Square Na» tional Bank, expects to pay a dividend of fifty per cent about the 10tn Cay of February, and requests all depositors to call at the bank and prove ther aims, Committee, THE OCEAN NATIONAL BANK. WASHINGTON, Jan. 20, 1872, The Comptroller of the Currency has declared & dividend of thirty per cent to the creditors of the Ocean Nattonal Bank, of New York, payable op apd alter the 26Un inst, on all approved Claus. MUSIC AND THE DRAMA, Home Gossip. Janauschek, with her company, Open at the Bom ton Theatre June 17. ‘The “Streets of New York’? will be produced at the Boston Theatre January 20, Fayette Weich left overiand for California on the 17th inst., to joim Emmersou’s Minstrels. Edwin Forrest played to $1,300 on January 12, at De Bar’s Opera house, St. Louis. Betty and Emmy Rig! returned from Europe on the 19th inst. by the steamship France. The Coombs dramatic company piay in Bos tenat the Bt dames Theatre carly in Velentry. ~ Janauschek and company play at the Academy of ‘Musi, Philadelpiia, next week. -Lallie Eldridge opens at the Royal Lyceum, To- ronto, on Monday, tue 220, 1 her great success of “alma.” Tony Denier, with his pantomime troupe of “Humpty Dumpty,” opens at the St, James Theatre, Boston, on January 22, The Seventh Street Opera House, Philadelphia, has been a success since it opeued with William Smith as the manager. De Rosa, the danseuse, who has been at Fox’s American Theatre, Philadelphia, for about tm years, will shortiy appear iu the ‘“Biack Crook’! at Niblo’s, Jonn 8. Clarke and &. A. Sothern play at the Arcn and the Walnut Street tueatres next week, playing at both houses on the same evening. Sothern opens at the Arch and finishes at the Walnut, walle Clarke plays at the other house. E, T. stetson did not open tn San Francisco until December 27 in coasequence of being delayed on the road py thesnow storm. His play of ‘‘Neck and Neck’ has been a great success. His engagement continued there unti! January 18. He opens in Saft Lake on the 22d instant. Mr. John Jack, the well-known metropolitan fa- vorite, has purchased the right of performance of John Brougham’s late brilliant success, “John Garth,” in the provinces, He will shortly set out on an extended tour, accompanied by the beautifal and accomplished actress, Miis Annie Firmin, to delight provincialists with the power and pathos of this superb drama, We predict for him an eu ‘The Matilda Heron benefit promises to be the most successful one (pecuniurily speaking) that has been given in some ume. Auiready the receipts will exceed 1our thousand dollars over all expenses, Mrs. Jobn Hoey has sent acheck for $150, Janauschek $50 and the following members of John Ensler’s Pittsburg company have sent the amounts laced to their names:—kKdwin Adams, $10; Joho $10; Nelly Jonnson, $10; Isabella Phi $5; LN. tthold, $3; Georgie Dickson, $3; Hi Rowe, $2; 1. B. Irving, $2; T. Crompton, $2, an L F. Drew, $2. Coiouel T, Alston Brown infurms us that several other popular stars have promised to send their checks for handsome amouuts, Echoes from Other Lands. A project to erect anotner grand opera house if Berlin is afloat, the capital to be raised in shares. ‘Work has already begun on the Schubert statue in Vienna, which 1s to be inaugurated in May, Campana’s opera, “Esmeralda,” will open the forthcoming season at the {tutian Opera in Madrid, Herr Rubinstein had a reception last montn in Vienna, at which all tie talent—political, diploe matic, military, artistic and civii—was present, Offenbach’s uew ‘Boule de Neige” is to be pro- duced as soon a8 possibie at the Kari Theatre, Vienna. The composer is going there himself to superintend the rehearsals, At Weimar Shakspeare’s “Measure for Measure,” which had not previously been brought out on the German stage, has been periormed in a German version by G. von Vincke, Old frequenters of Her Majesty's Theatre will be iad to learn that the celebrated tenor, Signor Don- zelli, although now eighty-two years of age, 1s well. Re resides near Bou ogna, where another tenor, Signor Ivanhof, the Russian artist, 1s living. ‘Tne Abbate Franz Liszt recently spent three days at Florence. At @ grand party given by Mme. Lawssot 1p bis honor, he played at sight ove of Dr. Hans von Bulow’s last compositions and then took art Wilh that arust i & grand concerto lor sour ands. Parisian Bonbous. Lessueur’s oratorio, ‘Noél,”’ was given in the Church of St. Roch, December 25, in Parise Another series of chamber concerts is announced by M. Saint-Saens. This is the sixth society lately organized in Paris, Litolif, now in Paris, is announced to conduct one of his orchestral compositions at a concert given in te Tnédtre du Chatelet. i Mle, Madeleine Brohan, the charming actress the Comédie Frangaise, is Ue recovering from the effects of a fall in which she put out ner charge 3 erbeer’s “Prophete” has been revi we. “Grand opera, with Mesdames K. Block, Mauduit, MM. Villaret, Bataille, Pousard, and Gaspard in the principal parts. ‘The ceiling of tne New oe House Mat made sis} multitud po. toge rether Ame capable of being at any disjointed. roofing will be movable, s0 the height of the theatre May be regulated at amen comeay of MM. Metthac and Hae jew five-act of levy, atrieoche + Cacolet,”? produced at the Palaia has had a brilliant success, It is, however, & much ye oo tate work oa wee kbown members of the Palais Horas wh wil if rather extrava- parts sulted to their amusing, ant, atyles, MM. Gil Péres, ur, Lhéritiet, yacmthe, Lassouche and Mile, J, Baron divide the honors Of the represemtatiou.s