New-York daily tribune., 1854-07-07
THURSDAY, July 6-P. NJ.

THURSDAY, July 81 NJ.
The effect of Il SCHUYLER development still severely
felt in the stock market The feeling of insecurity In re-
gard to Stock issues which will probably wear away.
has driven some tmid holders to sell stocks indlscrmi-
natey while there has also been prodaced sagnation
among buyers who prefer TO stand still a few days
Under this state of feeling the market naturally drops,
when without this now disturbing element the news from
Europe combined with the improved condition OF our
hanks would have undoubtedly causcd very buoyant
market This feeling almost approaching panic, which
prevails is however somewhat unreasonable for although
the fraud of Mr. Schuyler is Justly calculated to dis
turb seriously the public confidence in officers OF corpora
ols vet il must be conceded that the vast majority OF
mankind are honest and that these striking examples ofdis
honesty arc the more marked and shocking from their in
frequency The business Of the world cannot go on with
out confidence and when consider the gigantic amount
of daily transactions this basis must admit that the
violations of good faith comparatively few. This very
exposure Of yesterday viii probably prove guarantee
against repetition of such fraud for years to come by
inducing greater caution in ntrusng powers 10 the hands
of any one man, and by alarming those In positions OF
who, under temptation, might be induced to yed
without this example OF utter ruin before them The ce-
ducton from this fraudulent act OF Robert Schuyler not
that all men are fra but only that are whom their
elow-men have held in high esteem and far above
picion and this wrong-tbis disturbing Of our faiths
far greater injury done the commercial world than tho
more swinding of given amount Of dollars, Although tn
amount reach two millions.
AT the Second Board the feeling very heavy Erie
sold down to S. further decline of q cent but a.
terward reacted ssh 1t is supposed that conSdera-
bic portion Of the sales this afternoon were tor account OF
Mr. Townshend. Reading fell of to 7is and Harlem to
37 This is cent. decline since Friday last Cumbcr
land was heavy and sold at 3ii decline Of "a cent.
since yesterday The downward feeling affected the whole
list.
The Exchange market is duh 9a9l cent for Ster
ling Francs, 5iaiS5.lii with fais supply Of bills.
Freghts arc Hrmer but there is not much doing. To
Liverpool, 10000 or $1,000 bush. GRAIN @ed in ship
pers bag I'd. in ships bags; 1000 or 5000 bbb Flour
ola. $50 or 800 boles Cotton ID 80 hhds Sugar 2o
To Havre, Cotton &c.. Flour, eoc.
The receipts at the Sub-Treasury are sis75' paid
s5i ,o4l; balance %, ,6ll,2s2
The New.York Dry Dock Company has declared div
idend Of cent, payable the 18th inst. The Howard
Life Insurance Company q cent, payable on the ioth
inst The New-Oreans Canal and Banking Company
u cent payable August at the Bank OF Commerce. ID
this City, The Clinton Insurance Company v cent,
pavsble on the 10th inst The Empire City Bank 81 y
payable on the 18th inst. The Equitable Insurance
Company l2 cent, payable the nth inst
About in gold bars have been engaged for the
steamer of Saturday, and probably viii CO. con-
siderable amount Of redeemed public stock an well as dv-
dends on various securities must be RENTED for Inc
coin paid out in redemption Of public stock goes into ihe
banks while the shipment Of proceeds IS made In bars
The Money market appears to be comfortable aihougn
for the moment much capital is unemployed by reason Oh
the caution Of Lenders in regard to securities ih eau
ton has also induced calling in loans snd cnsoys
Of securities which has created some activity ana an en-
arged demand for money but we hear OF no marked dm
Guilty among good borrowers in supplying their wants.
Paper goes at IL ala cent OF 6rstcass and not very
plenty. Call loans are y cent.
Mr. ouyerneur Morris who has been largely connected
with Messrs r. c. L. Schuyler in their various railroad
enterprses and who had ndosed large amount OF the
paper of that house allowed Of such paper 10 go to
protest to-day In view Of the developments Of the Last
dsy or two Mr. Morris has deemed It prudent 10 suspend
payment on this accommodation paper until he can sscer
tain to what extent he is involved His own obligations
we understand, he will continue to pay, and h expresses
the opinion that he has abundant means to dscharge
cventul Ily all just claims upon him and hsys aFge
property lef-
The street is full Of rumon to-day in regard !" NJ
Schuylers affairs. One story scarcely run down -
proved true or false before Ave others take ~ pacs' oes