The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-03-03
MONEY MARKET.

Next week the annual election for the President Of the
beard of Brokers takes place. when for the first time Tor
many years opposition ticket will be run The pre-
sent incumbent, D. Clsrkson, he's presided for many
years, and until now almost by unanimous consent
The fall in stocks the decrease in business and the
Shard times" have made the salary $4,000 per snnum an
object to other old members r H. Wnslow, and per.
haps stebbins will ALI eady good deal sfpipelay-
ing on all sides has began. The candidates promise
that they will not speculate in sscks prove yran
meal In Office Tho reasons which render the
larry Of President object should admonsh the board Of
the propriety of reducing the amount well sthat Of
all other expenses ofthe board $1,000 il amply SUFFICIENT
for the services Of the presiding officer. There was
great disposition sell today, and prices gave way
under it, Delaware and Hudson fell per cent Indiana
bonds n Illinois bonds !; Farmers Trust t; Mohawk
Harlem ], Long Island rose Sales of bills on Phila-
phia 81 per cent; Baltimore 81 Mobile Is; New Or
leans6
appears thata bill has been offered in the State Sc
nate to make the New York and Erie Railroad q State
work. that IT, to take it off the hands of the spectators
with all s sxravagance folly end losses, and make the
masses Of the people sweat for the schemes Of few de-
signing men, The State better 900
already lent to these speculsts than to undertake to
spend $40 900 900 more on a useless work.
committee of the Mississppi Legislature has made
report on the Unon Bond Question: ending with the fol-
lowing resolution.
Resolved BY the Legislature Of the State Of Misssspp
that the set forth in the foregoing report this
Legislature denies that the State Of Mississippi il under
of bonds sold By the commissioners Of the Mississippi
Onion Bank to Nicholas Bidde the 18Th Of August
1885, But while this Legislature does most solennly re.
fraudulent and yet that the holders Of
those bonds may have every legal and equitable remedy
hersbv invited to pursue the remedy afforded by our
and constitution sgsinst the Mississippi Union Bank and
against all and every m
or themselves LIABLE either In law orequty for the debts
| Of said Bank
The following notice appears in one Of the New Or
| leans papers:
| To tbs Editors Of the Commercial Bulletin:
| Gentlcmen--we wish through the medium Of your
Journal to stop the circulation OF report that We have
failed and which, believe originated from the vcks
burg Sentinel Expositor Of the 10th instant publish
ing list Of mercantile firms In New Orleans az having
| failed, in which list names.
The report 10 incorrect and we have not ia,le ecru
| New Orleans, 10th February, ls4a
There before the public three projects for
fiscal agent That proposed by the President Mr. Cush
ings plan reported In the House, and that Of Mr. Tai
nsdge In the senae.s This last 10 the that re-
ported BY the Secrctery the Presidents plan, with
few alterations which va will point out. The general
features of oil three bills thst IN exchequer bosr
shall be estaolishsd ct Warrington with branches In al
the states This board and branches receive and pay
ont the public MONIES to receive individual p,stes
draw and accept bills Of exchange. ana "a iaue 70
vernment paper money These are The features
to ell three. The distinctions consist In ths manner
putting them into execution. All these bills have
them expansive feature or q means Of inn atine "a
paper curency that Of the Secretary being the most 90
and that Of Mr. Cushing the least The first grsa
distinction IL in the Of issuing the govsnnsn
j paper.