The New York herald. [volume], August 11, 1865, Page 2, Image 2

About The New York herald. [volume] (New York [N.Y.]) 1840-1920

Image provided by: Library of Congress, Washington, DC

                
FINANCIAL AND COMMERCIAL.
TnrR-uir, A'ipiist 10?fl P. M.
Thp Stock marker was d ill hut tlrm at the first board
II this morning Erie closoa i \ niguur iimu ?i mo mu
board yesterday, Reading Vtf, Cleveland ana Pittsburg K,
I Rock Island Northwestern was % lower, and CumI
berland unchanged. Government securities were inodeI
rutoly strong, but not very active. Coupon sixes of 1881
I Improved ' {; old Ave twenties sold at 108>f, new 10l\;
I geven-tliirty notes, second aeries, 99^ one year
I certificates, new issue, 97 J?- The Western Union TeleI
graph Company's stock sold at 73, and 29 was bid for its
I "Ruksian extension," on which $10 per ?hare baa been
I pud.
I At the open board, at one o'clock, the market was
I -trOng, but afterwards it weakened a fraction, and at the
I teoond rrgular board it was heavy. Erie closed % lowor
r -ban at the first board, Cleveland a (I Pittsburg 'i.
E Reading was K higher, Michigan Southern K, NorthF
vestern Cumberland was unchanged. Governments
[ worn quiot and a shade weaker. Coupon five-twenties
f declined V
At the open board at half-past tbreo there was a furI
ther slight deeline. Erie closed on the call at 87X.
Reading 106%, Michigan Southern 60\, Rock Island
\0Sii, Clovelaud and Pittsburg 70;t?, Northwestern (s.3)
28Ji, preferred 03Ohio aud Mississippi certificates 25,
Canton 39>?.
f, Petroloum stocks were dull at the first board, with the
exoeption of Webster, in which there Is a "cornering"
movement prog rowing. The latter was 42c. higher than
at yesterday's first board, Montana 20c., Occanlc 10c.
Buchanan Farm was 6c. lower, Oil Cre k 16c. At the
second board the market was drooping. Pithole Creek
closed at $8, Webster $2 38, Buchanan *9c., Central $21,
Excelsior #1 70, Germanla G5c., Rynd Farifi 99, T??k
41, United States $29 95.
The money market has been a little more active in some
quarters than it was yesterday. Most of the railway stock
brokors obtained all the Joans they wanted without
difficulty at seven per cent; but the loanable funds of the
national banks having been rcduced to very moderate
dimensions, owing to tho withdrawal from their custody
of nearly all the government deposits, dealers in national
securities, who have besn accustomed to look to them
1 ' ' "? 1 ' 1.-? ?l v i?_
I or innntf, iuuuu iuu supply vi vapiuu uuciiug uaiuiy
equal to the demand. Thus very contradictory reports
of tho condition of the money market were In circuit
tion; while some asserted it had not been ao easy for a
fortnight others compiainod that It was "close." Tho discount
line remains dall at f rmer rates?namely, 7 a 0
for tho bfest grade of commercial paper, apd 10 a 12 for
the second.
The gold market has been somewhat ercitod under a
downward tendoncy of the premium, occasioned by the
continuod gales of the Sab-Tntwury and gover?mont retrenchment.
Cash gold is very abundant, and It is noticeable
that sales at "seller three .ays" havo in somo
Instances been followed by immediate deliveries of the
eoin. The report from Washington, published this morning,
to the effect tl.at tho army is being rapidly disbanded,
while it confirms the statement which ve made
on tbo 17th of last month, and which some undertook
to dispute, that there were six hundred thousand men
tbon on the government pay rolls, exerts a dep.ossinjt
influence upon the market. The report in question,
based upon offloiel information, says that there were one
million md fifty thousand men on the pay rolls on th?
1st of May last; that there havo been discharged since
that time soveo hundred thousand men, over two hundred
and sixty thousand of whom hare been paid off and
mustered out of service during the last thirty days. It
is, therefore, estimated that only about thr?n hundred
and thirty thousand still remain on the pay roll* This
) Tvduovioii or itie army, involving a corresponding
seduction of the public expenditures cannot do other*
wise than exert a beneficial influence upon the fl'- vices
Of tbo nation, aid although the national debt Is 'already
too large to.be successfully managed for any long >(<riod
witbeut a reduction of tho present rate of late test, economical
measures aro Imperatively callod for and cannot
he too strongly urged upon the adrolnistratl a. The
burden of taxation is already severely felt, aud to make
U endurable It muat be lightened. The rate of interest
on the whole of the funded debt of the
country must be reduced to three per cent ip coin if we
v are to avoid the evils of a political agitation of the question
of repudiation; and the financial policy of the
ouuDvry in imoiy io oecume una 01 me great issues wniCD
will decide tbe next Presidential election.
Tbe opening price of gold was 143>i, after which It
decllnod to 148 at fttlo P. M. It lubtequcntly'Vallied
and cloned id 142%.
Foreign exchange has been dull at yesterday's rat??.
Bank, rn ask 104 H a 109 for their sixty days' sterliog,
and 109X for abort ; but long bills have hrcn cold
by broker* at 108J? a Jli, and those at throe days at 108 j*
a 109*.
The bulls to gold are carrying a very heavy load, tbe
weight or which U being cc.istantly augmented liy the
Sub-Treasury sales, much of which Includes coin hitherto
boarded by importers, and therefore not taken directly
out of tbe street. When the Treasury has oxhansted its
surplus and an export demaail tuts in, the market will
gain fr??h strength, and not until then. Owing to the
abundance of the o&tlng supply of gold on the market,
thoso car-) Ins it labor, in most ?ases, under the >1isad
vantage or having to pay ute.-vat upon its currency value.
Tbe Loudcncy of the slock market is upward, although
there is but a very limited amount of outside support
and there I* no'.bing in the present or prospective condition
of tbe mouey market to interpose obstacles to a rise.
The payinr teller of the Phoalx Bank of this city
m this evening brought up for oxa.nluat ion at the Jefferson
Market Police Court on the charge embraced in
tun loiiowiog aniaavit 01 the sahlf r Of the bank ?
Johu Purkcr, of No. 4J Wall street, being duly sworn,
dopos^s and says:?That ai the city and county of Now
York, Il^nr/ B. Jenkins (now here) did, as deponent
rerlly believes and charges, during th? two years past,
feloniously lake, steal ami carry away, divers turns of
money, to wit?two hundred ?od rtfty t'.csand dollar#,
the property of the 1'hernx National Rank of the city of
New Yorlc. Deponent charge* the embezzlement and
felnniotidy taking afors.-a <1 from the fact lhat "aid
Jeakln < admitted to deponent that ho took and einberzlod
the Mnii> Wherefore depon?nt pray* lhat aald Jenkins
nay be dealt with are rdma to law, and that he he huld
temporal ly, in order to give de|*ouent an opportunity to
make a ptuper complaint in the premises.
JOHN PARKKR.
Tlie Commlisioncr of Internal Revenue has rendered
the following dec?Moa wiib regard to the lux on tobacco,
naff and cigars :?
Trr\sr*t PurAimmvT, ~i
Or Tcr 't IVTKHT'AL Ravmt'r, f
Wa r.Tov. August 2. 1 *>05 J
The ti* on tobacco, snnt' or cigars ac rues when they
are ?oM, consumed* of nTnoved f ,r consumption or sale,
or removed from the place of manufacture. A removal
From tbe faetory to the store or warehoi se of uie manufacture
Is not such a removal as renders the good? liible
to bo assessed 'or the tar thereon, kIucc the ordinary
torerooms connected with the manufactory arc included
M a part of the place of manufacture.
Wlienover it is proposed 10 remove toba io or Miy
Other manufactured goods or articls from and beyond
the limits of the States lately in tns'jrrfr'tion, the duty to
Which such tobacco or otli?r articles arc liable must be
Immediately ascertained. In order to do thi* inquiry
should be made: 1st. Whether tlie goods were manufactured
and removed from f,ie place of manufa <ture
prior to 8>ptemlM'r 1, HiiJ. Ii they w^ire no duty l? to
be aasea* d upon them 2d. \Vh? tli r a sale or such a
transfer or removal of lb<* good, tuj ever been made as
would cause the tax to aecril" 3d At what pre. tse time
was the sale or the tt.tnsi'or or the removal of tlie good*
made. Wben these fsa'sare satUlactorlly determined
the assessor will have no difficulty in ascertain ng the
proper rates and the amount of tax to be assessed.
All tobacco, snuff or ciitars aulijact to tax under either of ,
tha oxcise laws, in the hands of the manufacturer nr producer
thereof on the first dav nr Am I tut ? -
liable, when sold, consumed, removed for consumption
or aale, or removed from tli place of manufacture, lo the
rate* ot duty existing on und niter April 1, 1H05.
Tobacco, snuff and cknra may l>? removed from one
district to another in the United vlnie*, or from iiwy port j
within tli'i Mate* lately in Insurrection to a Northern
I port, under Ixmds, a* per rogttlaUona prc-cribed by the j
Secretary ef tin Trn.jury. The tnav also be exported In ,
boni, provii'ml the diHirlitto which aucli removal U ,
made U n pert of entry.
Before my i. ?,a,ro, snuff or cigars are transported
beyonl th * limliM of the States lately In Insurrection,
whether n bond or otherwise, the aitmc mu*l be In- 1
peeled and branded with the rinle of Ita rnnmifai tnrc, ,
toeirate of tax to whl' h it m liable, and such marks ns
will arnb'" tint nfHr.t? nf interti.il revenue In every case 1
??n, ' '1.Pml*? W ahtpped or transported. t
If tobacco, Ac , I* to be transported on which the tat
naa been paid, or which I* claim d lo l>e exempt from (
duty, l? ddition lo the in?p. rt,|,? ^nd marking, :>* Indi- t
??j, above the own r or jmrty desiring to transport
will pnonr* the corUOcate or th? collector of the dutrlct
u T a f V? TTr*1 "ut ">? ** "*" hw i "'"I F
SZLXrW ' hr ' "r ?' * certificate, y
thul?, yi .he n<"'"""r VT ,ri"< <?"? ?>? I" "ittlafleti ?
thai audi lot, so Inspected, or marked u ?t
an 'V"1'1 c?rti#q?te, in not liable to nnv fluty '
J1 ^"wco, snuff, or cigar* landed m'anv d .tnn "
. ... mini in hip suite* lately in iiimirr' ctinn, witli>
out the Inspector'* brand and mark, u In dinted atKira, nl
and without accom|mniM by n cerlifu ?t? Irom tlii
*Boll?Ttor >1 I lie dulrict from wlili li the <:<>' 'I werV mi
Fiorted, tlmi. tli? Iht Iiaa boon pottl, or Hint ho tin- - :.ti '>
uclory evideucs that they ?r<> not xiibjoi t to :iT?y l;?x,
will be liable to b* f-o z?-<t, furfcllod nnd wdd fur tin- iy,
n?nt of tax"*, according to Hip rat'm lm|io-"tt by lb* Nr
tHW now In fome, In whatever dlnlrlct limy innv t.o Ho
lound Colloitorn npu.nir nny i"i''li Rood* will hold tin-in Co
f >r it undid nt llm<" loi the nwimr or parti"-* mbr -I'd
to ?iioiv, if suvh mi Urn ca*?. that tho anndi ?*? n<>? liable 1
L
to anv duty, or that the duty to which they were liable
has Ux;u paid. WILLIAM UBTON,
? Commiittlonor of Internal Revenue.
It is reported that Judge Nelson tiax uotiUed tho counsel
of Messrs. Kisk k llutcli and R L. Cutting that he
will hear the argument for au Injunction to restrain Mr.
. .1? Aa .wsor. from lovying and Mr
Sherldun Shook, the collector, from collecting the tax on
the salts of stock and gold brokers made on their own
account. The Assistant District Attorney, it is said, Intends
to contcst the application on the ground that as the
decision of Judge Nelson has been appealed from the tax
must be paid, pendmg the final decision of the Supreme
Court of the United States.
The funded debt of the city or New York on the lit of
February, 1*65, amounted to $80,658,070. The amount
of investmouts held by the Commissioners of the Sinking
Fund on account of the fund for the redemption
of the city debt, as seen by the report given below,
was $8,875,301, or more than one-eighth of
I the whole dobt. This ftind, with its accumulation!
I of Interest and the annual revenues to the fund,
will be ample for the redemption of the entire present
debt as it becomes due, and leave a large surplus In the
fund to provide for any future loan for public purposes.
The following is the report of the Commissioners of the
Sinking Fund:?
Du-ARTuua o? FijfAwot, CniPTiiou.tR'a Ornm, 1
Nkw York, August 4, 11)06. j
At a meeting of the Commissioners of th* Kinking
Fund, held at tho Comptroller's office, June 24, 1806, the
following report was adopted, and It was ordered that the
same be published. W. H. DIKEMAN,
Clerk or tho Commissioners of the Sinking Fund.
Nkw York, May 5,1806.
To the Commwbionsiw 0? tftk Sinking Fund
GF.vn.KmiN?The committee appointed to examine the
securities held by tho Commissioned or the Sinking
Fund, on account of "the sinking fund for the redemptloto
of the city debt," respectfully report that
thoy have carefully examined the bonds and stocks
in the custody of the Comptroller, on aocount of the
aforesaid fund, March 26, 1806, and find the samo correct
at compared with the annexed statement of the
Clerk or this Board, compiled from the hooka or the
Comptroller's office.
The Investments on the 26tb of March 1806, were as
rollttej, viz:?
Amount or slocks or the city $5,746,801
Amount or bonds or tho city 2,482,600
Amount or stocks or the county 450,000
Amount or bonds of tho oounty 216,000
1 Total amount of investments March 26,1806. $8,875,801
Balance lu bank 20,310
joiai amonm 01 mua
Amount Feb. 13,1864 (eeo last report) 8,109,296
Increase since last report $780,314
It may not be Improper hereto add that the "bonds and
mortgages" held by the Corporation March 28, 1865, the
net proceeds of which, when collected, are deposited to
the credit of the "Sinking Fund for the Redemption of
tho City DcH," amounted to $84,943.
The balance In bank to the credit of "The Sinking
Fund for tho Payment of Interest on the (Jjty Djbt,"
March 25. 1865, was $258,269.
Respectfully submitted.
C. GODFREY GCNTHER, Mayor;!
JOHN T. HOFFMAN, Recorder;
LEWIS P. RYF.RS,
Chairman Fin. Com. Board of Aid.; '
PATRICK RUSSELL.
Chairman Fin. Com. Board of Conn'n.,
BOOTS AM) STOCKS OF TOE CITT AND OOUUTT OF ITHW YORK
ilKl.n BY THK COMMISSIONERS OF TBS SLNKJNG FUND DKC.
31, 1864.
5 per cent Public Building stock, No. 3, payablo
1R65-6 $100,000
5 percent Fire Indemnity stock, payable 1868.. 171,368
5 per oent Wat r slock, payable 1870 178,337
6 per cent Building Loan stock, No. 4, payable
1873 40,000
6 per cent Public Educational stock, payable
1873 104,000
6 per cent Central Park Additional Fund stock,
payable 1874 461,000
6 per cent Water (of 1849) stock, payablo 1875... 67.,900
5 per cent Wutor (of 1854) stock, payable 1875... 6,100
5 por cent New York City stock for docks and
s'.ip^, payable 1876 8,000
6 percent Central Park Improvement Fuud stock,
payable 1876." 343,200
6 per con' Floating Petit Fund stock, payable
1878 lfifi.OOO
6 per cent Wtler (of 1849) stoek, payable 1879.. 225,000
6 per cent Cr?tm> Water stock, payable 1888 1,343,900
6 per cent Cent ral Pvk Fnnd stock, payable 1887 71
6 per cent Water stock No. 4, payable 1880..,. .2,087.025
6 per C'-at Croton Water stock, payablo 1800.... 460 500
5 per cent Central Park Fund stock, payable 1898 6.300
Tot*) amount of city stocks $6,746,701
6 per cent Street Improvement Fund bonds of
1865 600,000
6 per cent Assesemsnt Fund Bonds of 1865 100,000
6 per cent Street Improvement Fund bonds of
1869 300,000
6 per cent Volun'eer Soldiers' Family Aid Fund
bonds of 1871-2 986,800
6 per cent Volunteer Soldiers' Family Aid Fund
bonds or 1873 and 1876 145,700
Total amount of city bonds $2,132,500
6 per cent County Court House ktock, 1873 -1888 450,000
6 pier cent Soldiers' Substitute Bounty Redemption
bonds (county), 1874 10,000
6 per cent Soldiers' Substitute and Relief Redemption
bonds (county), 1880 100,000
Tola] amount of stock and bonds of connty... $560,000
Total amount of investments Dee. 31. 1 *64.. .8,439,201
ADH TJONAI. TO MA km 25, 1865.
6 per cent Water St'ick (city) of 1870 $100
6 per rent Volunteer ' oldiors' Family Aid Fund
bonds (cltv)of 1876 3,000.000
6 per cent .Soldicis' Bounty Fund bonds (county)
of 188* 25.000
6 per enl Riot Damages Redemption bonds
(county) of 3877 and 1879 #,000
6 per ceiii Riot Hanviees Indemnity bond*, No.
2 (couuly), of 1SS2 S,000
7 per centVold'crs' Bounty Fund bonds, No. 3
(county), of 18WI 100,000
Total 100
Total amount of investment* March 25, 180).$*,87.r>,301
W. H MKF.MA.n, Clerk.
The business at the Sub Treasury to day was as follows:?
Receipts for customs M20.000
Total receipts 8,734.527
Payments 3,8KB,4*2
Balance 61,0'J/>,:iu
Subscrptloim to gorernment loan 103.000
The following summary shows the receipts and shipments
of Tour nnd sr.iln ut Chicago during the week ending
Augutt 8, Id 1804 and 1805:?
, 18#4 1*85
Rrrtp'l. JJkiptom 't--. Rtrrio t Shipm*?f'.
FNir.hhl*.. 19,903 18.K7 18.0.10 23.871
Wheat hush 220,449 281 350 lfi7,,.'8D 130,451
Corn. Ml,178 01.t 7.25 738.751 CJ7.lr?l>
Oats 175.577 41,075 88 S01 2M.280
Rve 10,(90 ? 13.351 32.0M)
Barley 1,7.'4 ? 11,077 2,011
The amount of coal shipped on the Delaware and Hudson
Tanal for the week ending on the 5th in*t. wap 15,993
tons, a.id for the season 427.24V tons, against 6%,775
tons to the sam- time last yenr.
A dividend ?f three per cent on the stock of the Delsware
Division ''nnjJ Company, clear of State nnd notioiml
tai, has bccii declared, payable on ami after the lOilt
Inst.
The Restnn r.t tr? I >?
The flne weather has Imparted ionnl activity to
eoncml tadc. There I* no further alteration In tl??? con
dillon of 1'ie ffnancee. The 'iipply of cnpilal la l.ir*e
enonpb to ratlsfy the requirement! of the mercantile
rlnnae* for loon* and rtlaeo'intH nt th?> ban\n and In the
?treet. The current rate of Interest la Mill ni* on cnll.
The common charge i>n time lievond ten or fifteen days
i* ?even and a half. <io"d endorsed htisinesa note* are
ncarce and wanted nt from i?*'-?>n to eight per eont; Imt
there In no ready nn'.e for other lcind? The demand for
Unit d flute* ( ccoritten continue* a' tlv?, and price* are
pretty Ffendily maintained, with only trilling fluctuation*'
Iti the general mock market there in very little
activity, ?nd neither h'lvern nor hCilern >ln>w any deaire
to make extensive operation*.
In Cincinuntl on Monday there km n pood demand foi
money, but no difficulty wu? uxperivucvd In obtaining
C'acounU at 8 a 10 per cent.
The Chicago Tribune of the Pth Innt. nnyn:?
The money market remains inactiTti and moderately
ea?-y. Owing '.o heavy drafia by government ye-terdny,
the n'irphi" currenc y at the national l?nnt<n wn* aome
what reduced, hut the demand by th" commercial and
m< n antiie community ww mo I'glit that no eltect wan
rlmhle en the money market. Oood paper wan In komI
demand nt the leading dixcoiint lioune* at ten per cent
per annum, and nen^ml rate paper wan illacotinted by
lreet broker* at 1 a 1,4 |>er omt per month. There wan
rery little produce nr pork paper ottering. The market
far Eastern exchange wan hare and Uim at par buy,n:
?nd 111 premium nclltng. Hfline of the banker* sold
round lot* early at titty centn premium, 1 >>jt eighty r ma
premium wan offered before the cioae, without neilori.
The cotton quotat>ona In New Orlcant on the Int innt
?ere a? fo'lowi:?Ordinary, 30c a 84n. per pound; pood
mllnarv, 36e. a 38c.; low middling, 40c. a4S'\, and
nidrtllng. 44c. a 46c. The cotton ataiomvut, made up to
be lit, was us annexed:?
pnltt, !
>n hand ?epleml>"r 1. IfllU 4 ,st8 !
irrlved rlnco 17? H4
Total 1*3,mo
\|-orfrd y ri" Feptc nl.or 1, 1 <14 124.114
ii hand AiKti.n |, |M>;> 6y,il)5 1
The cotton IB New Orlotn* ia |.ro?>nbly worth an avcijre
of forty C''nt? per pound, wl.trii would moke tlio 1
rgregate value of the amount at pr? on huud over J
n*1 and a half million* of dollar*. ; i
Tlie supply of I row urn in Hnn Fnnei?ro during the that 1
c months ol 1104 and 1S06 ??< im follow*;?
1804 1?fl5 |
vadiv fS.W'O lfli ;
?rtlnrn mine* fl.HIP l?04 ]l,(Mf>,3f|
utliern mine* 2 7ft",057 8,740,399 I
Mtwiae 9,144.155 S H)t;,4?? i
ToUl lift, ft 10, W# |
NEW YORK HERALD, J
The ftfl.'wwing tlgures ?h<.w the lutul pioduclious of llie
Pucillc const Biuco 1K09:?
So^hi'rn- Northem. W vntii T>'al
1S60 717.4*.:1 2H.?!,4.I49 t?1.*f>7 S7,?01 5^9
1K0I T 237,H4i 26,84?,431 1,275,266 36,870,M2
1H?2 6 601,509 "01.205 6,247,074 37,54!',878
lHO t 6 <>10 094 21,4N?.#M 12 4S6.238 8!>.646,*65
1K04. 6,347,778 18,UK4>T;*7 16,797.5S5 40 1 0.0:0
lfc>6i,6mo8 2,HU,'.!o6 11,000,228 9,604,2111 23,352 7.0
The ex-ports of gold from Callf'ohiia from the commencement
of the year 1840 to the close of 1864 wero as
follows:?
1849. 14.021,260 1867 $48,976,007
1850 27,678,346 1868 47.648 025
1861 42 682.695 1859 47.649,462
1852 46,586,134 1860 42,;?3,346
1853 67,331 034 1861 40,fi30.0S9
1854 61,328,663 1862 42,661,761
1866 45,182,631 1863 46,071,920
1866 48,887,648 1864. 64,062,328
Total sixteen years $694,908,923
8U mouths of 1865 22,807,492
Grand total $717,216,416
The munloipal loan of the city of Paris has proved successful
beyond all anticipation. In a single day over
eight hundred thousand bids were received from all parts
of the empire for the six hundred thousand bonds of the
cltjr.
Stork Bxekanf*.
ThuiuutAY, August 10?10:80 A. V.
$1000 U 8 6's,'81,Cou 107 160 shs Erie RR pref. 84%
1000 US 6's, 5 20,reg 104% 60 do 84
2000 US6's,6 20,cou 106 100 Hudson River RR 113%
43000 do 106% 200 Reading RR 107*
600 do.. ..small 106% 700 do 107
80000 US 6's,6 20c nl 104% 150 M So k N la RR 60 %
10000 Trno,7 310 ss 99^ 210 III Central RR... 125
6500 do 99^ 20 do 124 %
20000 U S 6 My c n 1 97% 800 Clev k Pitts RR. 71
5000 Ohio 6's, '81... 07 400 do 71%
42000 Tennesson 6's. 72 700 do.. 2(1 call 71%
10000 Virginia 6's... 69 10 Chi A NW RR... 80
2000 N Carolina 6's. 76 600 do 29%
1000 Missouri 6's... 71X 100 do slO 2?%
10000 Ohio AcMlsscer 24% 300 do.,2d call 29 %
5000 CI ftl'ltts 4thm 73 100 do slO 29%
10000 Chi k Alt inob 88% 600 Chi k NW prof.. 63%
100 shs l'henix Bank 103 100 do 63%
12 Bank of Corn.... 104X 100 do...2d call 93%
7 Corn Ex Bank... 106 26 do ... 64
100 Cumb Coal pref. 43% 800 do 63%
60 do 43% 100 C tare ft TolRR.. 102
200 Central AmTrCo 20 100 Chic k Rk I RR. 108H
200 West U'n Teleg'h 73 100 do b8 108%
100 Atlantic M SS Co. 163 100 do *J0 108%
200 Erie RR 88 200 do ....108*
400 do 87% 6 Chlo, Bur k QRR 111
500 do 87% 100 Mil i P du 0 RR 39%
600 do,,.2dcall 88%
SECOND BOARD.
Halt-Pact Two o'Clock P. M,
*1 fiOOO U 8 6's. 6-20. c 106 400 slis Erie KR. 2d o 88 W
SOOOUSe'H.S^O.c.nl lOtJi 600 do 88
2500Tr no,7 3-10,2(1 a 99tf 100 P, FtWftChi RR 98
2000 N Carolina fl'a. 75 200 Reading RR 10T
8000 do, 76 400 do b3C 107 fc
300 uhs GhiftNW pref 63?f 800 do 107)2
400 do... 63\ 100 Mich Central RR 108
3000 Chi ft N W 1st m 80 100 Mich So ft NI RR 66 H'
100 Cumh Coal pref.. 43? 1100 Clev ft PittsRR. 71J?
400 N Y Central RR.. 03 250 Chi ft N W Rlt... 29
400 Erie RR 88K 100 do U10 29
600 do, W% 200 do 2<1 c 2HJi
CITY COM91KRCIAL REPORT.
Thursday, August 10?6 P. M.
Ashes. ?Receipts, 220 packages. The market was inactive
and prices were nominally the same. We quote
pots $7 60 a $7 02and pearls, $7 62a $7 75.
BnPiD-sTUFrs.? Receipts, 11,316 bbls. flour, 813 do. corn
meal, 21,437 bushels wheat, 69,761 do. corn, and 11.943
do. oats. The flour market was excited and at the opening
prices Improved 15c. a 25c. per bbl. on all grades, but
toward the close the excitement lulled and prices wero
scarcely so firm. The sales of State and Westorn comprised
17,500 bbls. at our revised quotations below.
Southern flour was in fair demand, and prices were somewhat
bettor; the sales were 650 bbls. Canada flour was
moderately active at an advanre of 15c. a 25c.; the Kales
wero 4*0 bbls. Rye flour remained quiet and steady.
Corn meal was moderately active and prices were tkmor.
We quote
Superfine State an& Western flour $6 00 a 6 25
ExtraState 6 60 a 0 70
Choice State 6 75 * 6 PO
Common to medium extra Western 6 65 a 7 00
Extra round h?mp Ohio.- 8 00 a 8 24
Western trade brands 8 20 a 9 75
Common Southern 7 90 a 9 25
Funcy and extra do. 9 30 a 12 50
Common Canad nn 8 70 a 6 00
Good to choice and extra 7 00 a 9 25
Rye flour (superfine) 5 50 a 6 10
Corn meal, Jersey 4 90 a 5 00
\am ii mi-ni, urhiiuy?iuc ? w ? v to
Corn meal, Brnndywlne. puncheon* 26 00 a ?
?The wheat market was excited under considerable
speculative feeling, and prices again advnncd 3c. a 5c.
por bushel. The saic? embraced 96,600 bushels at $1 .10
a $1 51 fur No. 1 Mmvatikuo club, (1 60 f?r No. 1 Milwaukee,
to arrive. $X 85 a $1 95 !'or winter red Western,
$2 10 for while Western, $2 for ambor Michigan, and
$2 foramber Kentucky. The com market was also excited,
and, with nn active speculative demand, prices
were lc. a 2c. better. The sales cons'sted of 142,000
bushels at 89c. for unsound, 89J?c. aao^c. for sound
mixed Western, and 91c. a91>?e. for hint) mixed narly
yellow. Barley and malt were dull and nominally the
samo. Oals were more active at an advan e of lc. a 3c.
prbuslH. The s iles were at 82c. for Stale and flic, a
60c. for Western, the latter closing at 65c. Ryo was In
steady demand at full pr cea. The sales wero 6,500
bush-In Western, mainly at 96e.
Cgjtfke.?The market was quiet, but prices w re steady
at previo r quotations.
Cotton was fairly active, and prices, fio igli without
quotable alteration, were a shade firmer. The sales
comprised 3,100 bales. We quote:?
Upla -d. f'.'oi irfa. Mobil*. N.0.4T.
Ordinary 3'4 33 34 35
Middling 44 45 45 45
Cood middling 47 48 49 50
KKriuurs.?The market was Irregular. To Europe the
offerings were very moderate, the export movement in
breadstuff's having been stopped by the advance in price*
occasioned by the speculative spirit. To California the
offering-* now-a-iay- are almost nothing. The engagem
'ills consist of small lots of general merchandise. To
Europe the engagement* wer as follows:?To Liverpool
100 hhils. tobacco, private; 100 tons oil cake at JOs ; per
steamer, 1,500 pa kagt-n butter anil cl'oese at 40s., 500
bales cotton at \:d. To Antwerp 500 bbls petroleum at
6s. fld. To Olangow 60 Mils, l.irrl at 30s., 50 lilids tallow
at 20200 libls. Hour at 2s., 7,000 bu*li< I* wheat at fld.
The charters wero a bark hence ''or the Haltic, petroleum,
6". <M. : one from Philadelphia to Antwern or lircmpn
pn trole 11 m.prlvo I e.
Hop*.?The marlcol wns very tlrm with n good inqu'ry
from eontiimer-t. The wile* were 120 balon common to
prim"' at IV. a rXk1., and A3 do. extr:? fancy at 3.V, a 46c.
Hat wsm quiet nnd unchaiiRod. We qttole old sbi|>i>lnR
at $1; do. by rotirl, $1 05 a $1 10, end new do., 70c. a
yfic t ac-ordtm; to quality.
Unit fw ?The mnrV:?t was quiet, but price* were Arm.
We note -ales or 60 hhdx. Porto Hlco nt *0< n Hftc.
I'n vwi'i:Perelpth, 1,81s l>bl?. pork nnd 33 do lord.
The pork market xva1} d"l! and beavv. nr.d j?rict-n of new
metis decline mnt' riallv titufer a flWlie; pr smut to soil.
At the coot men* emrnt of business $34 a $34 26 wa? do
m;in<!"d, but there wefe no faloa of moment ?bova
75, and price* *til>*cqucntly fell to $32 \2%, at
whl' h 111- market |e t off dull. The cales were tolemhly
heavy nt the reduced rate*, both nn the spot nnd for forwnrd
delivery. The Hale? wcro 9,600 bbl* nt $32 12X a
133 75 fur |;cw mesa, cly- n# at *3* ftgl;!?':
75 * f .'H f?.r fil<i #9, |23 76 a f 'J4 for
prime rnd 123 7ft a ?2fl for prime mc*? Also.
roT .\i'Kiirt nnd September, feller*' and buyer*'
option. about 6.600 libl?. new mens ut $30 60 a $33 25.
The b ef market wn* fnir'y active nt full price*. The
Bales were 000 bbl*. at $8 60"a $12 50 for plain me*s, and
$10 a $14 60 for extra meHij. Hwf ham* were dull and
nominal. < tr meats *cre more active, and price were
very (1 in. Tin' *nlea were 700 packaxe* at 16c ? 17,-. for
shoulders and lO'^c. a '23>,r for ham*. Butter wa< not
active, but. pr.ee* remained firm. We quote Ohio at 21c.
a 2*c.. and State at 28c. a 86c (.lieete wh* Inactive,
without quotable ehnoge. The gale* were at 9c, a 15^c.
foi common to prime. The lard mnrket nn* tlrm, w.tb a
better buxiiic*> dulntr. The *ale* were 2,600bbl*. at llt'4c.
a 24l$c.? the latter nn extreme price.
Prrr.oLKfM. ? Receipt*, 3.821 bbl*. The mnrk?t
q..iet and unchanged. We note wle* here of 200 bbl*.
crmlc ut 82>?c.j and in Philadelphia .",000 bbl* en pri
?iii? wrni". ne quoi* crime 3iJ?C. a <?C.; rolmrd, id
bond, 62Wo. a 63c., and do., free, 70c. a 72<\
Hi< The market wm dull, but price* wore Mr?dy.
Pi'iiar was quiet, and prlcoa. though heavy. were not.
quotably lower. Tito kale* wore 276 hhdit. Cuba muscovado
at lie. allj^c., and 40 boxea do. at 11c. He(ined
wa* qulol?
Straw**.?1The market was moderately active. Wo
note mI?k of 3v(>00 Ibn , principally hi , and 140.000
lb*. Krcti ont lajfo. a 18'?.
Tali >w wan more acilve and prl'"* were very firm.
Tim *ulc v.ere about 1V0 000 Iba., at ll?fr * 13r.
T'Ktirnwaa !u steady jobbing deuiobd, nt previous
quotations.
AViu-kfv.?Receipts, 1.10 bbl*. The market was dull
rind heavy. Holder* were r? norally asking $2 19. while
$2 ISwa4 tli o Llgbeet offered. We learn if do liai sactluua.
Lah of the Steamer ( layntnni.
If rom tiie Philadelphia Ledger, August 10 ]
The Reamer Claymont, Captain 'tobinpon. which clearrd
ni tli h port for KI<-hmond, Va on the fttli instant,
epran^ aleak on the 7th, when off Point-no-Point, ana
was run ashore. The veseel was loaded with men hendi?c
and bad a number of pasaonger* on board. All tbe
pcnnctiK' ra and crew wore taken off by a government
transport, in which they were taken to ilaltlni'iiv. Some
of ihem arrivrd In Phtlndelphla on Tuesday nipht. Mont
of the cargo, it If thought, will be lout, though the vessel
mriy ho saved. The Claymont belonged to W. P Clyde ft
Co., who wore her shippers also. It la not known whst
ra nod the leak, tliou?li I be belief on board was that It
ww rtuted by tnebending of the scrow, which forced it
*am>:uie atcrn, and worked* hoi? In It Tim wau>r
riiirictl mi fast tli,-it IdHiiKctft and ?tber bcd-rlot lua were
Ufod to rbtck It. Fortunately the woatbor waa clear,
lid tLe Cbw><iprake as rinootb aa the Delaware '.anally
la.
R.?i*t\n Con ?< iit WitiTK Laboh.?We wore yeatrrrtay
Rhown n dfi7ru lx>Hi ul very fuj?orlor cotton, raided this '
yrnr (hlelly by whlt?' labor on thr"e cnntignnti* plant*Hon..
n it,,. ,,|(i riialnvUn Initio ground. Thee? plantai
"n> wore lonnnlbv W II. Irwin, of llila city, and bla
p porliMCiil In raining colton by wblle labor baa given
' iit r.' - ill -1a< lion The crop at thin time ban a very
I'rom iit ipp?>amn<e.~Wew Orlun* T?wr>, AvfrnrtX.
kiuday; august 11, ibgi
THE RING.
Proof Positive of Municipal
Corruption.
CURIOUS DEVELOPMENTS.
The Comptroller Turns States Evidence Against
the Mayor and Street Commissioner.
THB ORSAT OAS SWINDLE.
All About the Contracts Dissolved and the
Contracts to be Made.
THE COMPTROLLER BREAKS THE RING,
m I.. Jl.
ecu., ?w.| ?v<
Ofllclnl Commnnlrailon.
Crrr or Stw York, dkpainrnitnt or Finawce, 1
Cokptkolijs s Qmoi, january 10, 1665. /
To rtn HoNoiuHiJt thi Conmok Council:?
Obntismjih?Having carefully considered the resolutions
adopted by your predecessors, the late Common
Council, providing that the existing contracts for lighting
tbo stroots of tho oity of New York with gas shall be terminated,
and new contracts made according to the terms
which the gas companies, havinv' the exclusive control of
the business, shall offer, and having come to the conclusion
that the resolutions are not only a violation of the
rights ?nd Interests of the Corporation, and against public
policy, but are an invalid act of municipal legislation,
and that it is my duty to prevent them from going into
operation so far as falls within my province to do so, I
herein lay before your honorable body the reasons which
control mo in this decision.
The resolutions in question were adopted by the Common
Council on the 80th day of Pecembor, 1864. and approved
by bis Honor the Mayor on the same day. They
are, with the accompanying preamble, as follows:?
Whereas, certain contracts exist between the Corporation
of tbo city of Now York with the Manhattan, Metropolitan
and Harlem gas companies for the supplying of
gas in lighting different districts of said city; and wberoas,
it has become expedient to terminate the satno; now
be it
Resolved, That each of tho said gas companies shall
have the right to terminate their respective contracts
with the Corporation upon giving a written notice to Ibe
Street Commissioner of their desire so to terminate said
contracts, and the samo shall cease, determine and 6o
absolutely at an end ten days after the roccipt of said
written notico from either of wld companies by the Street
Commissioner; and bo it further
Resolved, That upon the termination of said contracts,
In tkn mannAK ttfnnuulil I It A Uairt SslfrtAt. Pommkq'mKT
shall, pursuant to law, proceed to make a contract or
contracts with the aforesaid companies for tlio supplying
and lighting of the various districts of the city with gas
and fitting up the lamps therein, for the perrod of one
year from loo 14th of January, 1H06.
Tbo first branch of the subject?that which relates to
the right of the Corporation to annul a contract woefle.ial
to the city, having several yours to run, in order that
another contract may be made, to the Bacriflco of the interests
of the city and for the boncQt of the contractor, and
practically on his own torma, without reserve or limit?
relates to the Manhattan Gaslight Company, that bolug
tho only company with which the rorporat on now has
an outstanding contract. The other parts of tho subject
will be considered in their order.
Tho Manhattan Gas Ugbi Company was incorporated
by a sp clal act of tho Legislature, on tho '26th day of
February, 18"0. On tho 8ih day of May, 1833, the Corporation
entered into a contra -t with ihat company to
light all tlw street!, avenue* and public places north of a
lino commencing at the Kast river, at tho foot of Grand
street, and running through Grand street to Sullivan
street, through Sullivan street to Canal street, and
through Canal street to thu North or Hudson-river, at a
yearly expense not exc<?oding fifteen dollars for each
lamp. This contract contained nutnorous provisions for
tlm protection of tho interest* of tho city, and by its
torma was to oontinuo until the 121 b day of May, 1863.
On the 1st day of May, 1848, five years before tlin tiiua
fixed for the expiration or this contract, the Manhattan
Company obtained another and a better contract from
the city, v rtualiy abrogating that then existing, by
wtilch the company contracted to light the streols of
tho city, from thu samo line at Grand and Canal streets,
but limiting the northerly boundary to Korty-sccoiid
at re t, from river to river, it having b en found unprofitable
to the company to be undo.- an obligation to light tho
outer portions of the city, then sparsely occup.ed. Th s
contract stipulated that the same price p r lamp?fifteen
UUIiam |H?r IIIIIIUIIl miuuiu ip? |Wtll, mil ll.\ru hl: umiiiv i
or hours during which each lamp should bo kept tabled
at two thousand tbreo hundred. Hy the terms of tbo lirst
mentioned contrnct nil repair* of tho streets, when
broken or opened to lay or repair pipe.", wero to bo m:ido
under the dire lion of un inspector api>ointed by tbo
Street Commtaricnor. whose servicos should bj paid ror
hy tlio company. The now contract htipuluted that tho
innpectors appooted to superintend these repair* of
work done for tho benoflt of ihc company should lie paid
by tbo Corporation ol tho city?an important itoiu of
expo lino each year, if tho funiimcrablo occasions for
Inspcct'on were properly attended to. Other provisions
of this contract, haviuir relation to another branch of
tho question, wl I bo referred to In their approprlato
place.
'.ho hist metiilonod contract was to coutiuue until tha*
12tU day of May, 186M, and liu three years to ren Irum
the 12th day of May next. I may mention, Incidentally,
tl a' the calculation of two thouxund throe hundred hours
for each lainp frr aiin;;m was made on the lia.ds that tho
moon furnished light at certain periods lo (in oxlent
which rendered Kuxh/lit unnecessary; but that on the
31st duy of Pecciiibor, 1853. the Common Council passed
an ordinan o which ignored the existence or ' tiill v of
the m?on, anil arbitrarily fixed tho hours during which
the ki ? should be kept burning? moonlight nights and
others llr same?by which the number of hoirs each
lamp was to burn wua increised to threo thousand eigiit
hr.lidred per year; and ihe;Manhiiltmi Company, under
the carefully puai led provisions of their la.-t meut on d
(onltaet, lieciimo thereby entitled to receive twentyfour
dollar* and eighty-seven cents for eat h
lamp, initead ol II teon dollar*, and have practically
received twonty-tlv dollars for each lump from
thai duto l<t tl.o present time. 1 lie o(>enition or iii.it ordinance
of 1853 In tbo whole city wan lo increuso tin; cost
of lighting the Mine number ol lumps ono hundred and
thirty-une thoiii-ai.d dollars In asiuglc year, at that period
of a comparatively I mited number of burners.
The position of "the question, ho fur aw the Manhattan
Company i* concerned, is simply:?That the city, by
solemn contract, bud the right, on the .'iOth day ol December,
1*64, the time the twOulioD* undor confidenttlou
were pitw-ed, to have all the public lamps lighted
at a cost for encli lamp of a fraction over hair a cent
per hour; and this rght, by tbe tortus of tie
contract, was to continuo until the 1st day of
May, 1M8. The resolution* of the Common Council,"
without any consideration, rau?o or reason?
for none is etyrensed or pretended to exist?surrender
and give i p to the company this obligat.on, pro
TK>;r to fotfeit all the benefits and advuulageti acquired
by tbe contract, and which are to continue so long, and
practically mr^JUiW lll? dittfe*'? uf tothjj
company, authorizing it to charge sUcL ainouuls as ii
shall choos", for there h no competition-there can be
gone?under tbe proposed arrangement. The company,
lor"a\J?h' 'hat i?jh? are to the contrary or ran be urged in
opposition, lnAy < IiurgC ten times or a hundred times ad
much as at pr sent, and thus saddl* ^be city w jh burdens
and in reuse of taxation to a corresponding extent.
I certainly am at a l?r-> to comprehend this kind of legislation.
I do not think that I use very strung language
when 1 say that it is against public |?>llcy and If a public
wrong?that It Is not dictated by tiiut careiul repaid
for the interest* of the city which should influence our
municipal rulers.
It's not acording to the principles wh ch govern Individuals
in their private transactions, for no man would
surrender a lair and valid coDtract, beneficial to himself,
simply in order to allow the othet party to iuc.rcasi> the
prices, aud bind himself to pay whatever that interested
jwrty shot.id chooso to demand. The resolutions were
pos-ed in the last days of the session without any reference
or examination, ai d 1 must conclude that their
character escaped the vigilance of the members of the
Common Council.
I do not believe that the proposal proceeding Is according
to law. the officers of the Corporation, whether legislative
or executive, arc but the trustees or the |>eople of
this city, and have no right to give away its property or
Its rights, which are the equivalent of property, when a
contract is made by the lor|>oralion beneficial to the city
Its advantages vest in and bi long to the whole people; It
Is a sacred trust in the hands ol their representatives, and
aun?t be sacrificed or given up as a gratuity, or on any
grounds?of favor or otherw ise. Every dollar added to
taxation by any such act Is a dollar proj>osed to be taken
from the pockets ol the |?ople unjustly and Illegally. The
regular and ne essary burdens of our people are surely
anllictl'lillv bunvv at Hit, i ro.ont time TliA *v>lom of
law under wh.ch cur municipal contract* are mad*
i ar'fully guard* at every step each detail by which obligation*
are assumed. It in expressly declared by statute
that tlie Com icon Council shall not make any contract)
its province ii confined lo Die duly 0/ legislating on the
subject, authorizing work to be done, and leaving the
mod" of consummating the obligation lo the rule* and regulation!
established by law, under the formal superintendence
of the appropriate executive department. After
a contract is made the law give* no lurther power to
cither branch of the city government over it, except to
eee that it i>hall I* performed. If the Common Council
cannot dire< ily make an agreement It certainly canuot
contract that an obligation Khali l>ecancelled, So guarded
are (he provision* or the charter in reepect to contracts,
that it i* expressly declared that "no additional allow,
rice beyond the legal claim under any contract wilb the
Corporation shall bu ever made.''
Of what avail Is thi* restriction if a contract can be
terminal) d, ai in the present iiisinnco, and a m w one
made on the contractor s own terms? If this j re. edent
is allowed lo prevail where will be the limit?
How many other contracts are Ihere, not held by great
moneyed <orporations, but by private Individual*, who
are diissAtlslicd with their contracts, for regulnling and
eroding streets, for building, and other of llie Innumerable
objects of municipal contracts, In which the contractor*
would like lo make better terms, and who
rould present strong enultable claim* for being pnid
higher 4>ricea? And If they are all to ti* relieved on liko
liberal tcrina wlpfe will be the limit of taxation?
How 1 an the Common Council say to theae inen, we did
5.
* "V ??
this at* VT favor t<\' ft powerful ga* monopoly, hot wo reft.nr
it to ??>u, & prlfw * Individual?
If this weri P lucre k'''att?r of gratuity or gift, and to
be considered on tl*e frolic epplicablo to su< h benefits,
I do not tliiuk that out gaa ^ ''"Panles pr> cent theim.el vcg
in a light to demand any vcf> lurKe amount of favor at
the hand* of or from the i>ork#rt* > J?* people.
Tliey are vast monopolies, having , *' 'u8lv? control
r*r tin- imuiikOKu nf fiirtiislmiiF our ticrfo. "With a necessity;
IJiey have exacted and are exacting t^<t? own anjj
the complaint* of the people have not be#v re??>'V?>d with
any great favor or liberality. The atorkV ?
reaped enormous gains, and the people har?. ^?* JT0*:
pered by any corresponding liberality of thA.'
masters.
The Manhattan Company was organ:itfl with a^P'ta'
of Ave hundred thousand dollars. Its capital now four
million dollars.
I do not think that the people are prepared to hw've
their taxes increased unnecessarily to swell the gain''
of stockholders of gas companies. But this Is a portion
of the subject with which I have nothing to do.
I am aware that the stockholders in this company
are among our most respectable citizens, and the
largest holders are the leaders and chiefs in movements
for municipal reform, and doubtless, by acquiescing
in this action, I might socure their public pra se
as a faithful officer; but should I do so I would
feel that I did not deserve the commendation.
I have long since conoluded that the best praised
are not always the most deserving, and have schooled
myself to roly for my recompense as a public officer
on the consciousness of doing right, however much
temporary and interested clamor may be inccnsed and cry
out
It is required by law that all bids for contracts shall be
opened in tUe presence of the Comptroller.
I shall not attend or be present at any opening for bids
for the proposed substituted contracts, and shall in no
manner recognise them.
There are other, and, In my Judgment, strong reasons
against the acflon of the Common Council.
The first contract made by the Corporation to light the
street* of oar city was executed with the New York Gaslight
Company, and bears date Hay 12. 1823. It rttifos
that, In consideration of the covenants to be performed by
the company, the Corporation "granted, demised and to
farm let'* to the company the right of laying or placing
underground pipos in all and every of the public stroets
and parts of streets lying south of a line running diagonally
from the East river at the foot of Grand street to
the North river at the foot of Canal street, for conducting
gag for lighting the public lamps in the streets and
parte of streets south of said line, and the houses and
buildings fronting or to front on or bounded by the
streets or parts of streets south of that line. It
then provided for numerous conditions and restrictions
under which the grant was to continue, and
It was expressly stipulated that if tho company
did not faithfully perform Its contract and all
the covonants and conditions therein contained, "the
premises" thereby "demised shall be revested In tho
II -.,1,1 il.r 1/ ;n<|An
aviuu nn mn; biju wui|iii;vci/ to it iuic iiikou*
lr.ro had not been executed.'' This contract continued
until the 12th day of liny, 1853, and expired on thai duy
by its own limitation. I bold that, by t!ie provisions of
that cor.tmct, the exclusive right of the city to control
the publlo streets for the purpose of laying pa? pipes and
furnishing gun was distinctly recognized and e.-tabI>hod,
independently of all other consideration*, and
that the contract amounted only to a lease of the use of
the hi recta for the purposes of tho company during the
continuance of the contract. Tho contract having expired
by its own limitation, the exclusive ownership of
the streets reverted to the Corporation. All the contracts
made with the Manhattan Gas Company and that with
the Harlem Company contain tho same provisions in this
respect?word for word.
This recognition ol right and ownership by the Corporation
in the streets in connection with hm companies Is
an important and valuable property, and may be turned
to very profitable account in charging these companies In
the future ac annual rent, or other adequate consideration.
for their further use of tho streets, which they have
tarrfod te such useful advantage, without any compensation
heretofore to the people. The resolutions of the
Common Council do not take this ownership Into account,
and maku no provision for Its reservation or protection,
but virtually surrender it. The resolutions direct
the maklug of new contracts without any stipulations.
Tho New Turk and Harlem Companios are tn the position,
with reference to tho streets, of tsnants holding
over after the expiration of the term, and have no ripht
to ust? the streets tor ttiotr ptpeaa single day without me
authority of the Common Council, and tin necessarily
dependent on the Corporation for their very existenc \
There are no contracts outstanding with cithor the Now
York or Harlem Company, the former being paid
$25 87 per lamp, under a demand for that amount, and
the latter continuing to receive $'28 80 per lamp, the
amount stipulated to be paid under their contract, which
expired on the flth day of December, 1808. .
Hut, In at'diUon to all Ibis, in all the contracts heretofore
tuado with these companies, as I have before at*ied<
carefully considered provision is made for the protection
of the public interest at every point where it needed
guarding, w<th the exception of the changes between the
tir.1t and second contracts with the Manhattan Company,
to which I have adverted. By the resolutions of the '
Common Cptincil no provision for public protection is to
be required. This would be in Itself an Insuperable object
ton.
'there are still other objections equally strong to my
attending the opening of the bids for the new contracts
or Inking any action to give them validity.
The invitation of tho Street Commissioner, issued
in purst:anco of the resolutions of the Common
Council, which Is annexed, divides the city into lour
districts, being practically the districts In which
tho Now York, the Manhattan, the Metropolitan and
the Harlem have exclusive possession. I do uot
find any authority for this division and formation
of districts in tho resclutlons themselves. Tho practical
cllbct of it will be that uoilhor company competing with
the othors each will lx> at liberty to charge any sum
whatsoever in its own district, no matter how exorbitant,
and thoro will be no roll f. Whereas if the Invitation Included
the wholo tity there might be competition, each
being at liberty to overr<de tho other, and necessarily
there would lie a struggle for the advantage. It is true
inconvenlonce mliht be suffered while the pipes were
being laid by a company not now iu possession of certain
districts: but I do not see how this inconvenience can be
\jlttm'.iteiy avoided without an absolute surrender of the
city to tho gas monopolies on tVeir own terms.
In order that a proper estimate maybe formed of tho
extent to which tiig burdens of tho city may be increased
under the proposed new contracts, I would state that
tlia bills for lighting the public lomps for the year 1X04,
according to the existing arrangements, amounted to
about four hundred and forty thousand dollars.
All whl> h Is respectfully submitted.
U 1 rrllf W T imeNVlH rnmnlrnltnr
TO CONTRACTORS.
orriib or tiik Sthkbt Commi bioxkr, )
u
the title of the work ?nd with tho name of the bidder
written thereon, will bp rooelveU at this office until Wednoftday,
January 18, 1865, at elevon o'clock A. M.:?
For ltirnitthlu/ gu* to and lighting *11 the publli: lamps
in the city of New York lying north of a line commending
at the East river, at the f(i'>t of (.'rand street,
and running through the middle of Grand >treot to Sullivan
street. and through Sullivan street to Canal street,
and through Canal atroct to the Hudson river; and south
of a lino commencing at the East river, at the foot of
Thirty-fourth street, and running through the middle of
Thlrty-lourth street to the Hudson river, for the term of
one yeur.
Also, for furn'sbing gas to and lighting all the public
lamps in the city of New York lying north of the middle
of Thirty-loorth str et nnd south ol the middle of Seventy-ninth
stivel from (lie East river to the Hudson river,
for the term of one year.
Aisn, for furnishing gna to and lighting ull tho public
lamps in the oHy of New York lying north of the middle
or Seventy ninth street from the East river to the Hudson
river, for tho term of one year.
lilank forms of proposals, together with the S|?ciflcfttlous
and agreement, can be obtained at this office.
CHAKI.ES W. CORNELL, Street Commissioner.
Strrkt Dkpartmfnt, Nitw Yo??, Jan 7, 1W0.
" ?- "I I"" ' tje SH
The Level of (he Dead Sea 4jcfrtalned.
[Erom the London Telegraph, July 2fl.]
English science litis Just solved n curious and interesting
problem?the exu< t geodeeioal position of the I>ead
ft-a. All sort" of ptu foments h?,-o been made, from time
to time, about the true level or It* d|WT waters. Some
gi Ojjrsphers pronounced them to bo loove' the iied te?rRiifun,
fO'mt* on the ?arne altitude, pome seven hundred
and fi5n feet lower, some as many higher; though the
best authorities agreed in considering the basin of the
Asphalilc Lake to be the lowest known depression of the
earth, aud set it down as about one thousand three
hundred and ten feet beneath the surface of the
larger a a. This view Is now quite confirmed,
though the actual measurements are little different.
A party of royal engineers, under the
command of Captain Wilson, set out in September last to
make a survey of Jermalem, and to "level" the country
from the coast to that city, and thence to the Dead Sea
vallev The expedition was mnlnl* tmiu.rfnl \ olnn
tary contribution*, and It la characteristic of Englishmen
that It ha* achieved a perfect success for about the moderate
sum of ?700. at w hich Ih* e\j en?ca were fixed . the
alight excess of thirty-live pounds b ing due to the detention
of the parly tn Alexandria The levelling
from the Mediterranean to the IVa4 Ho? hits liecn
performed with different Instrument* by Independent
obferver*, and with such nicety tliat the result
can be relied on to within three or four inchee. Meanwhile
bench mark* have been cut upon rock* and buildings
along the line followed; and traveran surveys have
been made, so that the wor* done may become the hasla
of more extended gemleeiral examination* of the InterMM
ronntry toward* which Christendom I* turning
with new and eerlnua Interest The !**? of these careful
observation* I* to show that the Dead Hea lay, on the
12th of March, 1M, 1.292 feet below the Mediterranean
level; which, if It pro*ea that our old oetimat.e
waa slightly In exce**, singularly corflrme the
calculation* by barometer of the Due de Luynee
and Lieutenant Vignea, who act it at l.SMI feet on
the 7th of June, 18M. At thta aea*on of tha winter
freahet* the water* of tbia strange accluded lake *tand
two or three feet higher, and In the fiercest heat* of dimmer
they are again lowered si* feet by evaporation Thua
the greatest depression of the Dead fcea is now fixed at
one thousand two hundred and ninety eight feet; and a*
we know that Lieutenant Lynch found n depth of one
thousand three hundred and eightfeet opposite the Warty
7-tika Mala, we are DOW sore that the bottom lie* some
twi thousand aix hundred feet t?eiow the coast at Jaffa.
Tlil* Is a depression or surface beyond Comparison with
anything of the kind, and undoubtedly It Is due to some
tremendous natural convulsion, ihe memory ol which ia
preserved In the legenda of the burled cilloa, and la the
ditadlul and tcciirMU or me f?? ite. ir
Tut Mo*mo* " N*w ORr.ininTww h ?miO>, of
Nauvoo, bob of the founder of Mormon I in. publlibw id
tbe Council Bluffs Xonpar'il of the 28lti ult long l< itar
defending lb? Mormon Now OrjraHrntlni) ARsiiiMt trie
ctmrite of believing In polygamy. Smith quote* from
On ' Hook of Coveimnla" of lii? Church, atoning (lint it
tea hM anil requlrea that the hugt.trind ehall liave but
otic wife, an<l he challenge* n public diacuvrion on the
*uh)oct, to be bold in Council Blufin, |?wn. of ike "Old
OrKMiltation," lhat at tiftlt l^nko, ho cay* It dona
not anil cannot defend tho iloc'.fine of polytfimy. by evidence
from the Book o( M.union and Hon* of Pxctrlne
ami Covenant*
*\ " ?! rfl '
Oft* tTnemployed ToMtMI.
MRBTINO AT PTTH AQORAS II AI.L?Til El K ClAflfH Off
AtL CLABSRg OK MIHLOYKIIS?ALL PROPK88ION?
AND TRADH8 HEfKBHRNTRO IN OUR RKTl'RNW
HBKOES?URAND rKOCK-SSION TUROUUIl THK CITY
TO-DAY, ETC.
Pursuant to public notice given on Wednesday that ft
meeting of discharged, unemployed veterans would be
hold at Pythagoras Ball, 13? Canal street, yesterday
morning, at nine A. M., a large concourse of orderly and
respectable looking men, late soldiers and sailors of it* I
United States, assembled for the purpose of making arrangements
for a grand public demonstration which is I*
tiled place to day.
Mr. F. S'ckel was chairman of the meeting, which
was duly called (o order by blm. After which
he proceeded to sta*? the objoct of the meeting and
the proposed procession, which was that our unemmav
bA reviewed by our city
authorities and the merchants of New York, nnd thus to
urge tbelr claims, as roturned veterans, on all those whe
havs work at their disposal to the preference
in positions which they are competent to AIL
As all professions and trades are represented
by these men, every employer, If he be patriotically
disposed to aid the men who preserved our
national Integrity during the past four years of bloodp I
strife, can find a soldier competent to discharge whatever
duty may be required of him in a manner crtainly commensurate
with any member of the Horns Guard.
Another object of the demonstration to-day is to show
our citizens that they are not a demoralized class of men,
as many employers have feared our return od soldiers to
be. but that, on the contrary, they are an honorable, t?dustrious
and steady sot of men, willing to accept honorable
employment of any description, bo as to afford thai
support to their families which all men must Ond. Of
tboso who will take part In the procession to-dav there are
nianv who left lucrative positions at the beginning of the
rebellion, and took up arms for their country, leaving
wife and family behind, with no other means of subsistence
than the meagre pay of the soldier earned by them?
at what cost of hardships and dangers? The paymastor
was not always prompt; six and eight months' pay rolls
often awaited his attention. What the soldier's
family suffered in those long and trying Intervals
botween settlements is best known to themselves;
what the veteran soldiers suffered in anxloty of mind,
on their account, is alono known to them. Yet, trui to
their flag, their country, and their honor, ain d death
and the carnage of many fields, our soldiers toiled on, lft'
faith and hope that our cause would triumph soon, and
that they might return once more to their families, with
the hope that lucrative employment, at least, would be
part of their reward for past danger and trials, and that
again would they be enabled to find a comfortable livelihood
for their dear onos, who long had suffered from
want. But many of our brave men have proved tbls
hope of re-emi>loyment a delusive one. It is true the
government paid them all that was due on the final settlement,
and for this they are grateful ; but that sm*tl
sum Is soon exhausted, and then do they find themsel
compelled to seok employment of our patriotic employers.
To this end Colonel Herman, together with e
few other loading citizens of New York, who for the
most part have seon service in the late war, have recently
established an agcncy, entitled the Metro ixjlitaa
Employment Association, having for its object the furtherance
of the interest of all veterans in search of *a|j
ployment.
The Colonol makes an earnest appeal to all prominent
men, merchants and others, to come forward and aid hlto
in this good nnd noble work, and to employ our soldiers
aud sailors In all positions Tor which they are qualified
The oilice of the Employment Ageucy is at No. 130 Canal
street. Testimonials and specimens of the competency of
applicants can be seen by all who require the services *f
trustworthy, good and tried men.
At the mealing a set of resolutions was read and unanimously
adopted, setting forlh the views of the veterans
on the subject of their claims for employment, and appointing
Colonel Herman as President, giving him
full control or ttioir iniorenis. Aiier ?ihwiuiing
the hour of assemblage for to-day the
mooting adjourned. Soldiers and sailors desiring
to participate in the procession to day will assemble at
the corner of Canal street and the Bowory at nine A. M.,
where the line will form. Several distinguished citizen*
were present yesterday during the meeting. A full lull
of the regular army will accompany the procesnioiu
which will march down the Bowory to Chatham
Chambers streets, to Broadway, where it will enter
the west gate of the Pork and be reviewed by the Mayo*
and the Common Council. Thenco It will proo'ed dows
Nassau to Wall street, through Wall to the Custom Hook,
through Exchange place to Broad street, up Broad t*
Wall street and Broadway, through Broadway to Howard,
up Mercer street to Gtand, up Grand to Broadway,
up Broadway to Bleeeker and University place M
t'uventoenth street and Third avenue, down Third avenu
to. l'ytliagoras Hall, when the proeeeahm will be dkColonel
Herman and Mr. De Con, oonnocted with the
Metropolitan Employment agency, called upon Mayer
Gunther yesterday to invite hltn to.receive the delegation
to visit the City Hal! to-day in person, but the Mayer,
although be aaid he fully symiwthfzed with thefrnsM
ployed soldiers, expressed his regret that a previous engagement
would interfere with his att'ndance tkto
morning In person, but he Assigned the daty t*
Mr. Morton, tho First Marshal, who will thereto*
receive the communieation of the voteran organization.
Mayor Gunther said that it waa ?
pleasure to him to see the soldiers again at home wtttf
their families and friends, and he heartily commended
the movement of all employers looking to their abaor*tion
into the various professions, trades and the ptablM
ollices. They should have the preference. But he was
of the opinion that it would take some time to find wok
for nil at remunerative rat's. He thought it only Justice
that all those who were supporters of the war, but wto
evaded lighting for Clio cause of the country and
ma ned ut home to 011 fat national, State, county or municipal
places, should be put out to make room for deserving
volunteers.
Newt Items.
Tho Roxbury (Masts.) Gai'tU says that a startling mmor
hag obtained extensive circulation tbftt person who
could have given Important evidence In regard to the
murder of the Joico children, left the country sosao
weeks ago.
The faro bank of William Eager, In Worcester, Km,
was closed by the police on the 7th instant, because da*
William Pro'lor, of New York, got cleaned out then. ,
The quantity of ale and beer manufactured in Chicsra
from the 1st of Octob r, 18tf4, to the 1st of August, IMS
(len montlis), was 138.178 barrels, which, at the mm
rate, would give 165,804 barrels for a year.
on A'h<T>?um jHKSI I
)>lanicd {^thousand y-^.TT a>:<> oy uie Kinperor Louta le
PeboriTlaire, In the eastern choir of th cathedral at lik
? part cularly line bloom this mw,
and looks fresher flBti gro ner than ever. Two shoots
which sprung up from the Jtnotty millennial roots of
the tree in 186J have attained uliTidy the height of tho
rool". * r
The London Building JV?e? states that ths largo roof
which eovcrs the Imperial Riding School, Moscow,
hitherto the largest in the w<>rl<l, in sbo-it to take IU position
?s second on the list, as it is Intended to coyer ths
new London terminus of the Midland Railway Company
with a wrought iron roof of two hundred and foity feet
clear span, being live feet wider than the Moscow roof. '*
A French paper says:?"Sepulchral news re*hes ua
Irum Autun; the gravediggers have strack! The people
of Autun must not, therefore, die, unless they wish their
bodies to remain unburied. Wo s"e no other way of op.
posing the pretentions of men who liv<<by other people's
deaths. Such a result a* this it was scarcely suppoestf
would be produced by the law on coalition."
A pie e of silver plate, remarkable for ita workman,
ship and great antiquity, has been discovered by some
masons employed in taking down an old ho'.iso at To'i loo, I
Blinded tojuve be.jri b .rn^bv the Romans. Tills mas*
J / t":l\er SiTTcTe, *iire?entitig an ewer for holdio*
w'tJeMs ornamented with a Ogure of the Holy Ghosfc
with extended wings, and is supposed to liare belonged
to the early Clirlstiaiis It *?. saved from the me lung
p6t by a wat'nniaTHSTXl ToulrtB. \
The Emperor Maximilian is sl>out to lound a lows ok
the nhore of the Bay of Guadeloupe, which is destioed to
be ono of the most important comuien ial ports in tbs
MBStiv. It i* to be called Mirumar after the name of
I lit* castle at Trlwte.
Th<> Madrid journal* *late that the number of America*
families coining irom the South of (be Uultcd Mntc? ;
Berk repose at Cuba is augmenting everyday, Many of
thc.-e voluniary exile* are capitalist*, others excollenft
workman; come apain are peifertly acquainted w th agrl?
culture, and all can bring an important contribution to
the prosperity of the IsiaiiU, and to its wealth, already a*
remarkable.
A good story 1*fathered on Mr. Sothern, of Lord Dundreary
Celebrity :?lMiring his *tay in Paris, last year,
when the American contest was at lt? height, hi* Lord
hip entered a ciji one afternoon and tn endeavoring
to make himself comfortable, when hi* felicity wm endden
Iv Interrupted by the energotlc and eiclted onver**tion
oi thri'e t'ockne)*, who had seated them elves in
close proximity. Although excited In tholr remark*
they were evidently all of the same mind In r^ard to
American aflaira, w hich they were vigorously dtacusriag**
lx>rd Iiundreary wanted to read his paper and blow *
cloud In comparative quiet, and hi* glance* toward* th*
Northern sympathisers were anything but pleasant or
conciliatory. One of the party noticed the very evident
ign* of dfxpieaaure on the delivery by hie companion of
some acntUneota of an uncomplimentary character toward*
the Pottth ; he somewhat tiervouely addressed Lor#
Dundreary. and hoped that their conversation w*? not
politically distasteful to Mm. "For our part," aaid Ike
Cockney, "we nre Northern.'' "Gentlemen," *aid Ma
l ordship, with a ferocious stare, and at the same tiro*
dmwlng from hi* pocket a *m?ll revolver, which he hn*.
|>ened to hav# ptmbaaed a* curloalty an hour l? fom,
' gentlemen, 1 have no hesitation In telling yon tno*t emphntbally
that I am 'Sothern.' " In leu* than live mtrntea
hla Lordship'* feet reeled quietly upon the ehal*
lately occupied by bia mterrot atur, and lie peruaed
id pea<?.
In Wiltshire (England) the authorities adopted a slnfnlar
method of Keep'ng the peaie at the elections
hey picked out two hundred of Ih* worst rowdies ant
made them special constables for the day to keop all th*
other people In order. Tbe "rough* ' were delight**
With the lob and with the pay attached to It (?vo ahil
Iln*s eachl. The chief co?*t?t>le pot them all together,
n?an hed them to the public hull and there locked thorn
up till the clcctlon vni over. The r"iiH><<|iienc? waa thai
everything pawed off" without disturbance.
The arrival at Liverpool of a merchant veasel, th?
Naturalist, ( apt*In Hyde, from (al- utta, brings inform**
lion of the suflermKS ?>f ? ?hlp'n crew which rivals In la.
tensity and horror the won't tales of the old nHvlgaior*.
Tha siilp Van Cap'llan. also from Calcutta, had "??
thrown on her beam ends on her voyage h"?ic, au4
llnally loundered In niid-ocenn. Some of the crew, at*,
li on In number, got on board a boat, in which they wera
tossed wboiit for lift "en days, enduring terrible rxinmllies
of hunger and thirst, and were at last forced to fee4
on the flesh of their deceafd companions. Klve senmen,
the only survivors of the aixteci), have been* >
brought home by Capialn Hyde, who irll In wllh tfc*
boat, and to whose kindness and car^4l la owing thai
they have survived the exhaustod condition In whloft
th"y wcro lonnd.