The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-03-30

for Elk per cent mortgage loan Of 50 500 900, bids
for one million o! wbish will be received at the
company's office, 10 Philadelphia until the 2lst Of
May. The principal is redeemable January l, 1885.
The bonds are secured by first mortgage on the
entire length Of the road and branches, from Phia-
delphia to the Lehigh river. The company has al
ready expanded in cash 81 1865 ,765, and holds in
bona de subscriptions money suficien: to complete
and equip the work rome twenty miles out Of Phila-
delphia. The propoaed loan is said to be amply
sufficient to complete it through to the Lehgh river.
The circular of Mr.. Iaasc O. Davis of Cincinnati,
gives the following revisw of the money market Of
that city, for the week ending Tuesday evening,
March ~, 1866
The money market ia rather easier than last week.
although complaints stin made. usual by second
class borrowers, who find it very difficult to get dis
counts The offerings of this class Of paper large
Prime paper Is in demand at moderate figures and good
responsible be negotiated without much din
Guilty rhe demand for Eastern exchange is limited at
advance last weeks quotations. It is now going
at to per cent premium. sixty day krs Of
douDted character the East selling at interest off,
sixty day bills on New Orleans 60 at interest and per
cent discount, with limited demand. Prices Of
rent funds upaltered Indiana notes being
price for banks The provision market is quite
buoysnt, with an upward tendency in prices, and
Es. sas that money r. .asy and stocks au the poo
arrival Of the European steamer at Its usual time inter
feres with the general activity ia New York. Its arrival
is looked for with great interest," the denial confr
nation Of previous news from The European pswers
anticipated The stock market here has given way
little and 10 auctuatng, and rather inactive. Some
binds Of eecurtes have advanced while others have
declined in price. Moreyed stl cautious In their
Investments and as general thing prefer State,
try city securities in the place OF railroad stock
bonds We need confidence more than any othsr thing
to restore the equilibrium Of prices in Western
securities.
Up to the 27th inst, inclusive, the Reading Rail
N,~rv NJ L.
Of COAL There were on that date four days left OF
this month, whi,h would average sbou. 8 900 toas
en- making the total for the month 900 tons Of
coal transported, which, at 90 per Ton, the ruling
price, makes the aggregate receipts Of the company
from its coal business, in the month Of March,
$3s0000, against $ls7 ,772 for the month last
year, showing On increase Of $4,000. This is an
enormous result, almost 100 extrsyagAn. for belief,
but the figures make IL out 70 be about so.
In The State Assembly yesterday, Mr.. Blsschford,
from the COMMITTEES of Ways and Means, reported
the following bin TO provide means to support the
government for the fiscal year commencing on the
LIST Of October next -
Section l. There shall be imposed for the fiscal year
commencing on the first day OF October, 1855 state
tax Of mill each dollar Of the valuation OF real
and perrepa property taxable in this State be
ed raised and collected upon and by the ASSESS
ments and collection Of for said fiscal year n the
manner prescribed By law, to be paid the treasury
OF the State 10 be there received kept and retained
for the ufe OF the general fund and for the payment Of
the demands which are or may become chargeable
thereon.
Sec The snnual State tar imposed by the act chap.
14 OF the laws Of 1872 10 hereby repealed exeep. so far
as the provisions sf said act any OF them may be
cesy for the collection Of the taxes heretofore assessed
by virtue Of the same.
Sec, 3. This act shall take effect Immediately.
The Boston Journal Of the 2sth inst. gives the
following account of the defalcation In the Mer.
chants Bank in that city:-
Considerable excitement prevailed In the street during
the forenoon yesterday consequence OF the suicide Of
Thomas W. Hooper, paying teller Of the Merchants,
Bank Of the oldest and most popular teers in the
city. Mr. Hooper's cash accounts we're examined ON
Monday and found correct but after his suicide checks
to the amount Of sso.oo0, signed by A. Peabody and
certified By Mr.. Hooper taller, were presented from
ether bsnis, and refused BY the Merchants. Upon
these eneehs We undetand Mr. Peabody raised $4,000
Monday, and with the bills obtained Mr. Hooper made
good deficit in his cash account 70 that amount This
deficit supposed has been in existence for time
but has skfully concealed at every EXAMINATION
Az the sasA examination On Monday afternoon, hr. Ha-