The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-01-14
MONEY MARKET.
Friday, Jan. 1916 p,

FRIDAY, Jan. I3-b Il. M.
much better business done to-day at the Stock
Board, and prices unusually firm evincng mate.
rial change from the rates of yesterday.
Mr.. Perrau the cashier of the Citizens Bank Of New
Orleans, who formerly Swiss Consul Tor that city
has become defauer to the bank in 0O0 The fraud
took place in drawing checks northern balances which
not credited in the books there. and when the
counts sent the discrepancy discover.
ed, and the cashier absconded.
We have stated that boar of brokers about to
be formed growing of the rejection Of the application
ofthose who sought to have tn rules aside to
re-admit them without paying their differences The fol-
lowing is the report the ee whom their app-
cation referred 1t adopted unanimously by the
board -
NEw YonK Jan. Q, lsl3.
The Committee appointed to consider the petition of S.
Nathan and others, report -
That they have taken the subject into serious consider
alton; they have viewed with sympathy and with regret
would gladly offer for the favorable of the Board
any to meliorate their condition consistent with
justice and due regard the rights OF all parties They
do think the Board authorised annui or
lit any way to interfere with the past relations Of debtor
ledge OF its rules. They think it incompatible with the
interests Of the Board, with sound morality and with
Just regard to the future effects Of such lend
its influence or sanction to anything which shall impair
the involabilty OF just contracts entered into in good
faith and although under this rule and Interpretation of
the duty OF the Board individual Of great hardship
may arise they recommend TO the Board to esta-
blish general rule to alter without the of both
parties the relation of debtor and creditor to which re-
iation it stands the Board has given its solemn
sanction. The Committee, in offering this report do
intend to influence the Board in its action regards future
contracts the rules already existing incompatible
with reasonable regard to the condition ofthe unortu
nate debtor any action may be had which shall effect u
ture engagements; but while they recommend to cred
In the Beard to extend to their unfortunate debtors
the kindest and most liberal consideration the Committee
believe that the Board cannot, with proprety justice
sound policy alter, modify, infringe upon its rules
referring to past transactions
Signed w. A. SMITH,
JACOB LITTLE. Committee.
JW. BLEECKER,J
JAM ii, lS43, report accepted and motion resolved,
that the views the Committee be adopted.
This is certainly unexceptionsble but the applicants
contend that the rules OF the board have been aside
former CASE that of the famous Morris canal corner"
and therefore that they should be again set aside
favor them The transactions in Norris" and the
action ofthe Board on it we will explain tomorrow.
The report of the Treasurer of the State Mane gives
the following the public debt and Of hat
State, on the LIST January, ls4s -
Amount : e. cent Stock . ss,ss:
Total debt sI.725,se2 interest sio2,es3
On $6Os, 600 the interest is payable semi annually and
the balance annually S90s 500 Of the debt is payable
in Boston, and the balance the St0te Treasury. The
amount onerest due in Boston, January ls43 657
The finances of the state are follows -
Cash hand December 81 1884, and during the
1892 3l3,573 80
Paid by the Treasurer, 307 sos So
Cash on hand December 3d. 18i2, 1867 20
- s3i5,573
There is usual at this season of the year very little
doing in exchanges The supply all points continues
pood and the rates very uniform and regular The dpre
citation of the issues of the Alabama broken banks ucu
ruinous The actual exchange is favor
Of Mobile and specie flows that way but the increased
probability that the banks which furnish the paper
rency of that section utterly nsolvent has caused
great rise in the rate ofdiscount.
CuRRlNr RATES BANK NoTEs AND DOMESTIC BILLS.
Bank Notes Exchange.
Safc I'm LaI