The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-07-08


The eject OF the Schu Ter dcveotement Is s
felt in the stock market The feeling Of insecurity In
gard stock issuss which will probably away,
has driven tmid holders to sell stocks indiscrimi
nAtely while there also been produced stagnston
among buyers, who prefer to stand still few days.
Under this state feeling the market naturally Drops
When without this ne disturbing cement tbs ne
Europe, combined with the improved condition of
banks, would have undoubtedly caused very buoyant
market This feeling, almost approaching panic which
prevails ia, however, somewhat unreasonable for al
though the fraud Of Mr. schuyler justly calculated
rporstons yet Il must be conceded that the vast
fuy Ct mankind honest and that those striking ex-
tnIes OF dishon, sty the marked and shocking
Mr. Norris who has been largely connected
filth Messs R. o. l. Schuyler In their various railroad
intrpraes and who had Endorsed large amount Of the
paper Of that house allowed Of such page, TO 70 to
protest to-day In view OF the Developments Of the last
day or t~o, Mr. Norris has deemed prsdcnt 70 suspend
PAP ment this accommodation paper until
tain to what exteu he is invoyed. His oblga
understand he win continue TO pay, and he expresses
the opinion that he has abundant olsen srge
eventually all just claims upon him and have large
the street il fun Of rumors to-day Ia regard TO Mr.
Schuyiars Affairs One story IL scarcely dovo and
proved true false before eve others takes Its place.
One rumor Is that . small issus-some few hun.
dred sharesof the stock Of the Naugstuck aud Canal
Roads has been discovered another ia that some sst
tlemeot with Mr. Schuyler, Commodore Vanderbilt paid
hin one hundred Thousand dollars being the first install
meat the late issue Of Harlem Bonds subscribed for
him, which money wa not accounted for by Mr. s 10
~ COMPANY another Il, that Commodore on Sunday
Choxea IL schuyler any necessary aid 70 carry MIN
fhrsugh, II there obstacle save want Of meass;
anctber h. that Mr. Schuyler has absconied and has
beeu ssen his way Canada In reaed to hls p3nt
- ksew he vas In town very N Tuesday last since
which hh most intimate friends have not him Mr..
osris understand oallsi yesterday but denied
admiftarce 70 him. the plea that no too III TO
any On Monday after the discovery Of tbs fraud
Mr. George l. Schuyler resigned all his oces In various
raarssds and the house made assignment Of all ia
property for the benefit Of Its creditors The directors
Of the Harlem have been in session today and have
understand, found their affairs all correct with the ex
oeptce Of so, 900 Of the Albany Extension Ccrtaaes
which have, told. bern Issued by Mr. Schuyler
eft<r having been Surrendered for The company
caution the psbc against negotiating these rcrt6cs
Tho issues Of the New Haven stock srcsd in
October last and at ars doubtless adopted msr.ly
teunporary expedient bat the depression OF railroad
interests which has since occurred not oal prevented
recoyrry from that 6rs false step bat forced contau
unit, recovery became utterly hopeless Wat has
become 81 the vast amount OF money obtaiael b. NJ
Schuyler. IL matter Of considerable curiosity in he
sreck We think will DO found thai extra Interest las
FuHllsved up alarre amount Of it-ihat the Nernoat
VlieJ and the Warrington and Saratoga roads usei up
eosbsr large portion and that the generous All extend
stsc several Of h- iens IN their d-y Of Aniaeale
arssseut F bs fcusu 20 have hecn rcyy cxpeasve q
r. ,--i- o,t casc re- list fsGfaef9