New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-09-27
TUESDAY, Sept. 26-P. VI.

The business Of the Stock Board continues light,
but that Of to-day was considerable Improvement
on yesterday in extent In prices there is no marked
change. The bulls are holding stocks with firmness,
and the bears evince but little disposition 70 operate
for fall The fluctuations in Erie are still very FREE
quent II opened to-day at 43l, improved to a.,
touched IS between the Boards, fell off again to "a at
the Second Board, and finally closed at Alan ad-
vance Of II cent. yesterdays prices. The bust
ness Of the Road is very large. Harlem is steady.
Reading improved !. Genital was steady. Cumber-
hand closed at yesterday sprces Nicaragua advanced
~ cent. Pennsylvania Coal improved cent
Delaware was firm at lie. In Railroad Bonds the
business reached eco 900, including $4,000 Illinois
Central at al ass Incomes, 81; Sackets Harbor
and Saratoga 81; Fries 1862 rs, &c. Bries OF 1862
are very scarce. In State Stocks there was nothing
done.
Exchange is not active but steady at 99lo v cent
for good and best sterling. Francs 5.l2l G5.ll&.
In Freights there is but little doing. To Liverpool,
500 bales Cotton ID, 2O,O 900 bushels Grain 3D., OIL
&c, 7j60lOl. To London, 100 tuns Oil Cake IL TO-.
To Hayre, Cotton is lc charter to Buenos Ayres
was made at s6 for Lumber two three Stave char
tiers for Cadiz and Marseles at SIC 0sls, and Lum-
Der charter from Wi mington to Windward Islands at
SIG. To California the markets dull at 80 035c.
The receipts at the Sub. Treasury were sl4l AS;
paid, 81 o57 ,O75; balance, Sc, l66 OOe.
At auction to-day 400 shares Broadway Bank Stock
sold at 1904 0lls and rs Butchers and Drovers' at
n5l.
The markets for Breadsufls are breaking down
fast. The arrivals are large, and buyers are only
taking lots for immediate consumption. There being
no demand for foreign shipment, holders are anxious
70 realize. Flour has declined 81 y Dbl. in two
days, State being quoted at 81 5O9ss. Wheat is 10
also per bush. and Corn TO &C. per BUSH lover.
Cotton n dull and heavy.
The George Law arrived last night bringing, in
stead of 81 900 oOO at first reported, 81 2o2, 49,
The amount of Gold going from here by the Boston
steamer tomorrow will be about half million OF dol
lars.
The Committee of Investigation on the Erie
Railroad are theoretically performing their duty The
report it is supposed, will be ready next week. The
books close ON the Goth inst and there appears to be
less talk of any important change in the direction 1t
is very doubtful IT, on the WHOLE better Board than
the present could be obtained. 1t is extremely diff
cult to find precisely the right for the place, and
still more difficult to induce them to accept it. At any
rate II is very certain that II majority Of the present
Board had never been Directors they would be the
very persons selected for the Board 1t is stated
~~N
upon plan for arranging the Incomes
The receipts of the Norwich and Worcester Road
for August show decrease of about 1000 as COM
pared with the same month last year. The Septem-
her business of the Chicago and Galena is fry v
cent greater than in September last year. and largely
in advance of August.
The New-Haven report and the legal opinions ac-
companyng, are the prominent subjects OF CONVERSE
ton In the street. In spite of the eminent legal
authorities adduced, the public mind cannot be
brought to beve that innocent holders of the fraud
ulent stock which they have bought or loaned money
on in good faith, are TO be the sufferers by the bad
faith of the agent Of the New-Haven Company.
The Board Of Brokers have appointed Committee
70 look after the interests Of the Board in this con-
nection. They have retained Mr.. O Conor, who has
given his opinion that the New-Haven Company are
legally bound holders of the overissued stock for
their claims and damages. Mr.. Daniel Lord, we
understand, is engaged on an opinion of the same
tenor. Mr.. George Wood, we are told, has confessed
since giving his opinion against the overissued stock
that the subject is surrounded by great deal OF
doubt and many difficulties.
We hear that eminent counsel in Philadelphia and
elsewhere have stated their concurrence in the legal
viewsof Messrs. Noyes and Wood to the overssues
by Schuyler. Ono of the nonresident Directors
warmly takes this view and states in terms that the
holders of spurious" stock have remedy against
the Company or the Board. We sre no lawyer, bu
we feel that all such opinions are simply absurd, be
sides being calculated to produce feeling OF distrus
in all stocks safe property. Such sentiments are per
ncious in the extreme end calculated to produce vas
injury ualess promptly discounienarced. Whsieve
the law may DC, the only common sense view Of the
subject is that the Company is bound for the acts
its agent. The community are the victims of stu
pendous fraud and the question is, whether the party
who placed Schuyler in the position which enabled
him to commit this wrong shall suffer or the ianocen
parties who had control over the agent, and whom
no foresight or caution could guard from the swinde
There would seem in equity to be but one aide to sh
question. We are confident that in this Stat
The holders of the fraudulent stock have their remedy
against the Company and that unless some provision
shall be made TO satisfy them the end viii be expen
sye litigation and eventually executions against the
property Of the Company in this State, the iron rails
tmbers, equipsge &c., besides the dishOnor which
would attach to the Company should it adopt the re
pudisiing course. The basis adopted by the Com
many in distr gushing the fraudulent stock, we ar,
net sinforedo its character, appears to be the mos
ridiculous and pu.epsble hs. could be adopted Th'