The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-02-20

Friday, Feb. 1915 r. m

MONEY MARKET.
Friday, Feb. 1915 r. m.
The stock market continues very quiet, and prices
whou. any material alteration. At the first board to
day. Illinois Bank improved per cent Morris Canal r.
Canton, u, Norwich s. Worcester u, Harlem u. Long
island fell OF r. and Farmers Loan. Reading Bonds,
Reading Railroad, and Mohawk closed firm at yeser.
days prices. Holders firm at quotations, and do
appear disposed to force sales In anticipation Of
favorable advces by the Cambria The absence of the
keeps all the markets rather inactive, and all
parties appear determined to await her arrival before
making transactions in anything. to any extent There
Is very little doubt but that the next news from the other
side will give great impetus to business Of all kinds
If it be unfavorabls for grain and cotton SPECTATORS
there will be effort among the bulls get rid of their
supplies, and IT favorable great effort to increase
them Should the Cambria bring accounts of decline
in cotton and brsadstuas, freights must down.
The receipts of the South Carolina Railroad Company
for January, ls47 $65272 &c. against $3275I 81
for the corresponding month in 1896 showing increase
OF about hundred per cent for the month this year.
The amount of wheat in store at Chicago on the 2sh
Of January All 77s bushels On February "a 1885,
it 062 1873 misunderstanding balance against the
present to reach last years aggregate of 24S55
bushels to be made up in twenty seven days,
than 600 bushels day. The quality taken together,
is Inferior having purchased average price Of
about fyone cents bushel, including spring and win.
ter There is still large supply in the interior to
forward and the late advance in prices will unquestion
ably bring il out.
large cotton planter near vcksburg asserts that he
would prefer raising IS bushel cotton
cents per pound and has offered to plant his entire
plantation in this II he contract for the
at - cents per bushe delivered the plantation or on
the bank of the river large operator offered to
contract 80 cents per buhel but the parties did
clsse.
The agent Of Hope 4 Co., of Amsterdam, and other
bond holders Of the State of Florida has sent into Con-
grsss q memorial, which has been presented to both
Houses praying that such may be adopted,
will lead the relief of the bondholders The follow
ing extracts we make from the memorial
FLORIDA TERRITORIAL DEBT.
and other holders of a5O 900 Of bonds Of the
Bank of Pensacola bearing the bearer,
of he had
of addressing to your honorable bodies memorial,
copy of which. with the documents accompanying it, are
That a reference to said memorial and documents will
show
ed lh of February 1885, received the sanction OF Con-
gress by not having been dsapproved as provided by
ID That the $500 900 Of bonds issued by the Bank of
Pensacola, by virtue of its charter received endorse
and agent the federal government the I'd Decem
bsr 1888 and that the issue OF bonds also inc
| taOit Congress-
approved at its ensuing session.
Sd That the 10th of February, 1888. the governor
sfF ssy Of
stockholders Of the Bank of Pensacola OF all personal
4h That the public documents in the archives of Con-
gress for s40 show that far bck as November 1882
the rail irons aud other property OF the Bank OF Pensa
to bearer Of the above $500 been suffered to be
shipped to New York. sold to the Alabama ana Mont
been by the Of the Territory and
Congress, remained tacitly sanctioned by them.
9TH That the coupons OF interest on sara oonos nave
That said memorial and documents were then referred
by the House Of Representatives to its Committee on To-
That said committee not having made report the said
Of he the opening Of the
lowing session Of Congress- and again referred by the
to the ON sna
That resolutions of reputation have been passed by
tho Territorial Legislature of Florida and have not been
That the Territory Of Florida has since become
State.
that said constitution denies to the Legislature the
power Of laying any ta1 for the purpose Of paying the
Ny the act Of 10Th of February, 1888 above cited the
territory of Florida has relieved the stockholders Of the
bonds Of Pensacola OF all personal responsibility.
By subsequen resolutions the government Of the terri
tory has repudated the bonds OF the Bank Of Pensacola
And to crown the whole the territory. in becoming
State prov ides THAT the Legislature shall not have the
power laying Tor the OF paying the
bonds which were issued by the Territory"
All which acts appear to have met the appreciation OF
Congress- from the fact of their not having been disaP
proved as required by the law creating the government
OF the territory Of Florida.
The only alternative for the bondholders is to urge
upon Congress the justice Of their claims It must be ad-
mtted that the bondholders have very little hope Of
relief in that quarter but it is the last chance it has
been again tried Drowning it said catch sestraws
Claims which come direct than these upon the 60.
| IL
disposed Of in very unsatisfactory to those
terested.
The sessions Of Congress almost entirely do.
voted to President making and to the manufacture OF
personal political capital. The legitimate business Of
Congress- both Of public and private character laid
side; and everything not connected 10 any way with
the public interest," occupies the attention of members
The most nonsensical and ridiculous measures are
brought forward and immense deal Of time consumed
in debating points concerning the personal affairs Of
, members and whole days used up in establishing the
; incoming Of the most common expressions.
There but ten moro working days Of the present
session of Congress left At least half of this time vii
be consumed in debating subjects having connec
ton with the many important questions before the coun
try leaving butts very short time for pereoting those mea
switch the necessities of the country really require
The Three Million Bill the Graduation Bill, the River
and Harbor Bill Revenue Bill and several others Of mi
importance, comparatively have notyet been dspo
ssd Of and afraid they will not be disposed OF II
! manner satisfactory to the country at large.
The Committee of Ways and Means have reported
bill providing for increase of revenue customs
This bill s to take effect from the day il passes and
years after peace with Mexico has been esa
blished The alterations and notifications of the Tariff
Act of ls4o, proposed by this BILL arc as annexed -:
} Twenty per cent on tea and coffee.
Ten per cent additional loaf sugar and other refined
sugar; on coal bar iron manufactured by rolling, or pit
iron; round iron, brazier rods OF BIG to 1915 OF a.
inch In diameter incusve nail and spike rods slit roll
ed or hammered sheet iron, hoop iron band or scroll
iron. easement reds, slit, rolled, hammered woo'
screws of iron, spikes, cut wrought and white
q red lead.