New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-06-27
The following sales OF Bonds and Stocks were made at
auction by 4. III. Nicolay:


Simeon Diapers regular sem-weekly sale OF Bonds aud
Stocks will take place the Merchants Exchange TO-
morrow, at l9i o'clock.
The Grocers Bank has declared semi annual dividend
of ,, y cent. The Rochester City Bank 10 cent
The amount of Public Debt redeemed last week was
1888 s92 The outstanding debt is sis l55, u-
GLIDING IS 900 600 Texan Indemnity not issued.
The total imports at this port since January, arc
esq 900 against 1913 5j5 900 time last year An
unusually large proportion of the present imports are ON
consignment. The aggregate exports not including specie
are s3i 600 against $50 900 mo last year,
showing increase of s7OOooOo, and decreased
import of 5000 600.
II is supposed by those well informed the subject,
that of the payments from Sub Treasury under the
Gadsden Treaty, about million and half or Two
millions will remain here and strengthen our banks.
OF the State loan bid for last week. about s55OOoO will
be exchanged at the Bank Department for Government
Stocks and the coin obtained for the latter from the Sub
Treasury.
There were more orders received by the Atlantic for
American securities than by any preceding steamer for
some months Nearly all the foreign houses doing that
kind OF business had orders of less Importance
The steamer also brought considerable parcels of Gov
eminent Stocks for redemponin many cases the pro-
ceeds 10 be reinvested.
The interes: on the State Debt OF California, due the
LIST prox. will be paid by Messrs Duncan, Sherman &
Co. Committee of the Legislature of that State we see
by the late arrivals have been investigating the crcum-
stances attending the failure of the State agents to meet
the interest due in January last and have made arepo in
which ardy justice is done W Messrs Duncan Sherman
Co.. for their generous interference the credit of
the State. The Committee say:
That on the Goth day of October last Major Roman,
late Treasurer of the State paid into the hands Of Messrs
Palmer Cook Co the of s6l,75O, for the purpose
of meeting the interest coupons due IN the City OF New
IL ,,t md M and
rer took from said Bankers bond with suretes that they
would well and truly pay the said coupons at the Amer
Exchange Bank, in said city as payment OF the same
should be demanded -
The conditions of this bond we're not complied WITH
the American Exchange Bank alleging that no funds had
been provided for that purpose by the agents OF state
NewYork generously volunteered the payment OF said
coupons from their funds and at last advces had paid
nearly the entire falling due thus rescuing from
impending ruin the credit Of the State This firm by let
ter under date OF January called the aenonof s tx
ceency Governor Bger 20 the part they had scted in the
premises and requested early reimbursement their out
laws in behalf Of California. We regret 10 add that up 10
the 10th of March action had been taken upon the COM
muncation OF Duncan, Sherman a. Co., by those who
should have given the subject their prompt attention
Palmer Cook Co. claim have had sufficient
of the hands Of the American Exchange Bank To
the interests when due Upon this subject your Com
express opinion. They would state as reason
that their investigation has been necessarily Of An er ere
character being able only TO refer 70 the books and cor
rerpondence Of Palmer, Cock Co., without facilities OF
II apparent that there discrepancies and wide differ
ence in the balance sheets of there two Banking Houses
and il is TO be regretted that California should nave
suffered seriously, by being entsngied IN the business
differences of private bankers and demonstrates the inn
potsnce Of entrustng such vital interests as stale credit
none except such the people have selected Tor tho
transaction their business and guardians OF their IN
terests.
IF il be admitted that p C. & Co. did have the amount
they claim TO have had the A. f. b. TO meet the interest,"
ye; cannot e1culpa'e them from great blame IN the
premises from gro-s negligence. As guardians OF inc
interest committed 10 their keeping two reasons Tor ms
censgre will suffice Frs This house should have trans
mi,.ed specific fund their correspondents In New-York
10 meet these demands against Government and not
have involved state funds and State credit with Their own
confused business Affairs end Second II no special fand
10 be RENTED definite and special direction shonid
have been given the American Exchange Bank 10 pay
this interest ont Of deposits in their hands The business
relations Of these houses were such as commonly es De-
tween establishments Of this character. -,
Correspondent in NewYork and drawing drafts against
the same Interest Coupons against the Sta's Sa"f-
ria could scarcely be denomnaed the drain OF rainier,
Cook Co. or payable out Of the femancss OF INA nrm
uness nv specia direction In these two particulars
,lnL that Palmer Cook Go. most grosly at fault.
The credit of state temporarily inrused 10 that party,
vond seem properly 10 have demanded more careful
keeping and attention than ITS tate IN this instance would
;nS;cate This negligence would have been much more
nurou in lis result; but for the timely action Of the house
OF Duncan sherman Co. To California owes q debt
which simple reimbursement Of advances volunteered
In our behalf cannot cancel Up TO the 18th Of March
nothing had been done by way of quidsing this demand
had that firm, late the 10th Of March, received
the poor ptanee Of acknowledgement of their
communication Of jan to our Executive.
1T Is alleged that the 18th Of March messenger
was dispatched with the necessary funds to setts With
Duncan Sherman Co., and redeem the Interest Copons
in their hands Such this without excuse;
and added to the failure to pay tho interest when de-
rendenthoss having charge Of The nstt doshy u su