The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-03-12
Philadelphia
Correspondence of the HERALD

Correspondence Of the Herald.I
PHILADELPHIA, March IL, 1872.
The Rumor of Coz. Porter's Yisit untrue-Banks
that scll Resume Stocks-Dr Lardntr's Quarrel
10Th Manager Pratt.
The rumor that Governor Porter is in town, for
the purpose Of consulting Horace Binney, Esq, as
to the constitutionaity of the resumption law, is
without foundation. If the Governor wants advice,
he can obtain it from his Secretary, Mr.. Parsons a.
good and as sound as from any other source-not
that Horace Binney is not also very able to give
opinion.
1t is understood that the Commercial Bank and
the Philadelphia Bank have, through their boards
Of directors, resolved to resume the resumption
bill becoming law. The North America, the
Western, the Kensington, the Southwark, and the
Moyamens sing it is understood, will also follow in
the same course. The last named is the only sac
cepting" bank, as it is termed-the only Of the
banks that Issued relief notes, that has yet given
indication that it will resume. The opinion pre-
walls to some extent to day, that the banks of this
class will generally contest the constitutonality of
the law. We shall see.
Business in stocks was very light today, Ct
prices the same as yesterday U: Bank note: Of
per cent discount; country relief notes have i'm
proved 4or per cent; specie per cent premium.
Dr. Lardner continues to draw splendid audi
ences at the Chestnut street ,heatre-large fashion,
able and Intellectual. Notwithstanding these large
houses, and consequently large profits, because Of
the small expense, difficulty. regret to learn, has
occurred between the lecturer and the management
Of the theatre relative to the division OF the re-
| ceipts. The Doctor complains that the portion
paid him is Of 4 mere deprecated character than
| that which is rctained-hrnce the wide and appa.
rently irreconciable diff that has sprung up
PHILADELPHIA, March 10, 1912.
Rumours from Washington Complaints against the
Girard Bask-Bank Resumption umors-S Stocks
| -L6srson College ovcment against the United
States Bank Assignees-Theatres, &c.
| 1t 10 said here that James Gordon Bennett has
been treated at Washington by the President, to
4ublc dinner. This is asserted As truth, to which
| there is added rumor that some change is abont
to take place in the Cabinet, and that the head OF
tie Treasury Department will in all probability be
assigned to this same James Gorden Bennett From
the uneasiness evinced In the elite and financial eli.
cles, deeply concerned for the fate Of his par
ticular friend James Watson Webb. You will breah
the news to him as gently as possible.
The Girard Bank is the subject OF some consider
able conversation among her creditors and stock
holders 1t is said that committee Of the direc
tors are in session at the bank engaged in reducing
her assets to availability As fast as possible, ant
that the clerks daily amu:e themselves by bandyins
jests across her counters, and her empty
| vaults. mere ID, n0WeVer, 100 ucau Silence per
vading these movements, and those most inter
ested are uneasy. Rumor says that though thu
| cashier has not been dismissed, his salary
has been stopped This Of coure he will not care
about ifthe assertion be true that his lady has late
ly fell heir 10 fortune Of $500 900 by the de ath
| an uncle.
There is q great diversity Of opinion here to-day
| respecting the resumption Of specie payments BY
, our banks. Nothing has been heard from III,
banks themselves, as to whether they mean to re
spect the law or not. am still of the opinion tina
preiudicisl to the sovency ofone OF our banks; bn
am unable to trace il to any authentic source.
probably originated from the low price at which it
stock 10 selling.
! The business in stocks to-day was very light, a
prices the yesterday, except in States Elves
, which fell of another dollar on share. ExchaBg
on New York, and specie, have both advanced
little. The rate Today is from to 5 premium.
At the commencement Of Je hersen Medical Col
lege to day, at the Musical Fund Hall, the csremo
| MES were Of the most Imposing character j NJ
valedIctory was pronounced by Professor Houston
The degree Of Doctor of Medicine was conferred
n upon sixty young gentlemen, from almost ever
State in the Union, except New York
| At Citations were sued out OF the Court OF Con
r mon Pleas to-day, at the suit Of Mr.. Schwai @
your city, against all Of the several sets OF the q!
signees Of the United States Bank The Object !
TO require these assignees to give security In dou
This il more than any set Of men will attempt, AZ
IL the motion can be sustained. the object sougt
atthc late meeting Of the stockholders may
= | reach he'd. to wit q new and general assignnef
i. for the EQUAL benefit Of oil creditors
( Mrs. Shaw made hes appearance last night,
the Chesnut street theatre, as Juliet to yer
good house--and which, but for the weather,
Il - 4 Il