The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-11-24

Simeon Diapers regular weekly sale Of bonds and
stocks win take place at the Merchants Exchange to-
morrow, Friday, AT half past II o'clock.
At the second board the market was a shade better
but very little business was transacted. Nicaragua
went up 4 per cent; Cumberland Il; Illinois Central
a. Erie and Reading closed at prices current in the
morning. The failure Of a prominent bull Spectator
announced to-day.
The receipts at the Office Of the Assistant Treasurer Of
this port to-day, amounted to slos, $780, payments,
s74, 52s 9a-Balance, So, sle, 2s5 As.
The steamship Canada, at Halifax from Liverpool
brings three days later intelligence from Europe. Our
eegTaPhic dispatches do not give very favorable adj
vices. Consols quoted at 93% per cent-a decline
OF q rer cent from previous quotations There had
been large sales Of cotton declining Market and
closed heavy Some Of the circulars report decline in
middling qualities BIeadstus had improved. This is
about the gist Of the financial and commercial news
The warrants entered at the Treasury Department,
Washington on the 2lst instant, were as follows
For the redemption Of stock .......... .$3Q487 O3
For paying other Treasury debts......... N,4s5 IS
For covering into the treasury from lands. 81
For the War Department. 100 CAT O6
For repayng in the War Department. 26ss 81
TOT me Navy department :............ 562 O6
For the Interior Department. 81 2G6 10
The receipts Of the Chicago and Mississippi Railroad
Company for the first week in November amounted to
s3l, 139 IL.
The Auditor Of the State of Indiana letter to the
Louisville Journal replies to some OF the charges made
against him. as follows
GSrsHES-In commenting my note to you Of the
9th instant you are plea sed to say
As to the Of the Auditor in reference TO the
sale Of the bonds deposited with him security we re-
gard it remarkable, If not positively wrong"
Now, my dear srs, you win read the eighth section
Of the law authorizing general banking in this State you
will find am fully sustained in the position have taken
in regard to the law and you win further find that there
n
matter. / have not, do propose 10 go either TO
London or Paris but do propose to take time TO send
notices there that moncyed may have opportu-
nifty OF bidding authorizing their agents to purchase
thus creating competition, and making the assets of
ih1m.
And, If you consider Mr.. Greeley Of the New York
not you win ind he states that on receipt Of nv cir
cnlar, State stocks advanced under IL from per
cent Now II he tells the truth, have not certainly
injured either the Of the bank the holders Of
tie notes OF Il.
feeling you not disposed to do me- Intentionally
injustice have departed from my general rnle to ad
dress this note your nisapprchenson Of
the law. As to the following fling leave time and pub
nc TX. SR'si 0r. to decide between s ,
fes the opinion that the role of the banks is to depre
cate their notes to the lowest practicable point Of de-
preston II Mr. Auditor Dunns notions TO be
ed out the holders Of email Of these bank notes
haU but little chance Of getting their money and they
wrbe forced to sell them for anything they get"
Respectfully, JOHN P. DUNN, Auditor.
The truth is Hr. Dunn is TOO deeply interested in the
banks Of Indiana TO act independently in
the duties Of his Official position He viii be like
iy TO do what would be for the interest Of the bankers
without much regard to the bill holders, being banker
himself There is not much help to be expected from
the present administration of banking affairs in Indiana
and we must make the best Of such the |
specializing Gnanciers Of that State may from time
time adopt for their pccuniary advancement They
appear to be governed by no laws.
The Hudson and Berkshire Railroad has been sold by |
order Of the State Comptroller in consequence Of the
failure OF the company to pay interest principal Of
the State loan Of for the repayment Of which
the road was mortgaged. The State lien was subse-
quenty made, subject to lien Of $780, 600, borrowed
from private hands, to relay The track r. II. Chaplin
president Of the Boston road, the purchaser, at
s156,oo which win be distributed pro rata among the
charlottesville State losing tie entire loan.
The East Bostcn Sugar Refining Company have declared
emrannual dividend OF ave per cent the James steam