The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-05-03
MONEY MARKET.


The sales in the stock market have been small to-duy
Tho double influence of quarter day and nclcment
Their have had uniAvorablo effect Indiana bonds fall Il
Illinois !; Long Island |; Mohawk sonington i;
Harlemi; Delaw aud Hudson !; Sales of bills
Charleston. II per cent
stated there in addition the stock ADVERTISED by the
Comptroller S4OO OF stock pledged for the
redemption Of the bills of those broken banks Of the stop
page of which tho Comptroller has received legal
cc The OF the United states deIoste fund in
this State is $465ss7s. The Comptroller has called
per Of this A. 900 he paid in June II
paid in October 1912 onc-hfh $3.50 only called
meet the debts contracted Of honest citizens by the late
administration. and left unpaid.
The canal breach Little Falls on Friday, between
the guard locks, promptly repaired without inter-
rupng the navigation. Pc
western paper tho line of the Erie Railroad in
copying notice OF the assignment Of that company
marks AS follows-
" Many the line OF the road have furnished materials
ami provisions to the contractors whom arue
smouats yet due from the company, and whose ac
counts of considerably heow par m the
road will into possession OF this State will
the means OF breaking upthe corporation who designed
get the road built at the State while they
control the stock"
The contractors along the road, it is understood had
due notice Of the intention Of the make an
assignment and they very generally made assignments
themselves for prudential reasons" the Wall street
papers have III that is, whom honest crcdto. ing
waitedin vain for his pay obliged get Judgment the
company, with the State money in its TILL assigns every
thing to avoid execution
SyNorsrs Az Acr oRArriro CERTAIN Powxr, TO rur
BANK KKxrucEY.
Sec provides that the bank may get apart s earnings
nlms recovered from the schuylkill Bank o. fund 70
any loss that may grow OF stock
The fund may be invested in the shares OF the bank the
market price
ssc. j. provides that shares purchased may be- ex
changed for any OF the over issue The bank
is also to have to enlarge the capital stock
ceeng 81 O00 and recognise any the over Issues
certificates in the hands of innocent purchasers without
The president and directors 10 prescribe the
proof which they will require that any claimant Is in
ties interested No claim to be aside by the decision
Of the president and directors
sEc.a dividend not exceeding per to be made
in January and July Of each among the recognised
shareholders New transfer book opened Louis
vile, and all recognized stock be transferred it, The
will reduce the capital stock to 600 exclusive of the
State subscription Of 81 00O,O00
SurrLRxESTAL.-Not more than $40 per share to he
paid purchased unless fourhs Of the directors
including all the state directors shall consent tt
Tho bank officers met and passI resolutions to carry
out the law In relation to recognising the stock the fol-
lowing resolutions adoptel--
Resolved, That any holder Of stock in tho Bank
Of Kentucky which has been transferred to him from
others who desire to have the recognised by
tho bank and placed the stock books may present
directors OF the Bank Of Kentucky the certificate evil
dence Of ownership. with evidence Of claim owner
ship, with the affidavit OF the holder holders
that he or thcy bona nde holders for a vsiua-
ble consideration paid and Gnscrting the true con.
sderaon without or information Of the fraud
committed by the Schuykill Bank in making the is
Of certificates and also stating from whom the stock
purchased and the Of all brokers
agents employ ell in making the purchase, and il
moro brokers and agents employed the affidavit Of
each agent and broker also be furnished il living
stating that agent or broker 10 making the pu
md hc in With
out kno ledge Information Of the fraudulent
duct of the schuylkl Bank in making the
had no reason TO believe that the stock
genuine when the purchase made. Provided that
when the affidavit Of any agent broker who may
acd In the purchase OF stock cannot be procured owing
to his death absence from the United States or from
positive refusal the part Of such agent broker
vh required Of the holder These adavits shall be sign.
ed aud sworn to by the making them before the
OF ~me cry or peiole s9e notary public or Judge
ONCE certify that he knows the person making tho aida.
w.t. and him sign the in his presence and shall
accompany the application with assignment Of tho
tihcac evidence of claim to ownership substituting
the Bank Of Kentucky to all the rights of the holder
again. the schuykill Bank and others on account Of
such issue, embracing also authority the
OF tho holder in all any suits deemed proper
iorce the liability Of the schuyk kill Bank md others at
the proper OF the Bank Of Kentucky and also with
authority enter the appearance OF the holder to any and
all suits having the same object This assignment and
power Ia he signed acknow lodged and authenticated in
all respects prescribed for the affiavits aforesaid.
Resofrsd, That all applications = male shall be
before the and acted within succeeding
twenty days and IL the granted the stock will he
placed the stock hooks and certificate issued
TO tho holder and rejected tho party will have liberty
TO withdraw his certificate evidence Of claim
ship.
la discussing the question OF the tariff the coal miners
nave made great camor in relation reduction Of duty
On Sregu coal pretending TINT unless high duty should
10 sssutei for the compromise their interest would be
iy"r~ Tho COMMITTEES Of which Mr.. Satonstall ~ thu
h-s has therefore proposed much higher duty than
p''"'' on ioregn coal The duty foreign coal in
1910 was sAo per tom by tn. of 1874 ~ ga SIs per
ton The committee propose 81 10 per ton smue.
ne"s win this movement here the government of Great
brhai" have imposed q" export Of A.. ~ per
ON all coal in British bottoms. This u restoring Jutv
that aicli-hcd in 1883 when our compromise tariff
went into effect We may glance hack II the so.l
trade of Now Castle, England sipce lsoo. -
From the beginning Of the present century ,lou, 10 the
year 1912 the duty Goals by British vcsses to all for.
cian places tcxcepi the United Of America, was
Al p.r chalron or g. A. per ton, large ooaIs and
~ per chaldrdn. % 81. per ton small Goals From
the sch Of July sla 10 the LIST Of March lsal the duty
was lie per chairon d. per large coal and