The daily union. [volume] (Washington [D.C.]) 1845-1857, 1850-01-03
COMMERCIAL.


NEw yosx Jan. 1, 1850 Tuesday.
Ths being the first day Of the last year the ht half Of
The 18Th century. more than the psual han
which marks New Years day in New York, and business,
a. customary IL entirely suspended Money has continued
very abundant down the close Of the year and during
the balance Of the week very considerable viii be-
disbnrsed here and AZ Boston for dividends Sl9oOO
payable Ia the latter city or railroad and manufacturing
dividends, al the rate OF per cent half yearly In
New York, probably S4500 600 viii be paid including
government stocks. OF these amounts sums
due abroad but remtances will take place only 10
limited extent the large being generally renyested
This will lessen the demand for bills. and i'm
prove the Of the better descriptions Of stocks men
toned time since that there slight speculation
the stock Of the North American Life and Trust Com.
pany OF New York. anticipation Of decision Of the court
of appeals. The stock from 10 10 per cent This
company Of The first organized under the New
York free banking law In 1888. The law at that time
admitted bonds and mortgages security for crcna.
ting bills, but forbade any institution 10 circulate as
money any paper payable demand, and without
interest. The capital Of this company - SS.3O6, 300
paid In bonds and mortgages and money Joseph hume
ESQ., member Of Parliament subscribed largely in cash 10
the stock Of this company The company however, iss
cd notes In large sums, payable after date, and bearing
interest," and these many Of the large English houses
loaned money the amount Of $27lsSS3 altogether The
concern failed. and Its assets. amounting TO o.
were made over In three the English houses
The smallest Of these trusts amounting TO $S27 900, has
been brought before the court Of appeals and decided
favor Of the stockholders the ground that the paper
the trusts breaking them up and allowing claimants under
them to come 10 general creditors The question then
arises whether the debt will be admitted claim for
money loaned Notwithstanding the illegal character Of the
paper taken for IT, The may be appealed 10 the
United States courts, the whole be compromised. The
decision, however, that shakes great many dry
bones, and dely than the mass Of corruption
resulting from the late national bank. movement In
the United States break mp the truss Of that
Germ, and Investigate into the disposition Of the property,
will be made since all effort to effect movement In Penn
sylvana been futile Very large properties II alleged,
have been disposed Of for nominal amounts by the
missoners among Others tract 70 miles long ~ miles
wide In auphn county Pcnnsylvania Of the best semi
bitumno is coal and this is held by coal companies
Of which the stock 50 per cent premium, notwith-
standing the tariff Stockholders In all directions have got
the spur and will push forward something from the
old wrecks. that property Is becoming daily more val
liable.
The Official Of the business OF the Union for the
fiscal year 1919 show the imports and exports as compared
with previous years, to be as follows:
United States Imports and Erport