The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-03-09

per cent. Bullion in the Bank of England had
fallen of fSl ,225 and the demand for money con-
tinued active at full rates. The cotton market
without change. A fair demand existed. In the
manufacturing districts there was more activity,
and full prices ruled Breadsufs were more active,
at slight advance in prices The anticipation of
large supplies served to check speculation and the
| demand was principally for consumption.
| The steamship Arago, from this port for South
ampton and Havre to-day, carried out siOi ,s53 in
| specie, principally California gold bars.
The Assistant Treasurer reports today foilows:-
PAID on Treasury account. s56a2o 81
Received do. ............... 19a,4ll 81
Balance do. .................4,1 e0,T42 "A
Paid for Assay office. Observation-Disclosures. 3S5 ~
Paid on dis bursting checks 75,07S Al
The1ecep.s include oCo Tor traair draft on Boston
The anthracite coal tonnage by the Read ng Rail
road is steadily on the increase. The number of
tons brought down for the week ending on Thursday
was % 49, and for the season. 2s5 l74 TONS against
334 1862 tons to the corresponding time last year.
The total receipts of the Housatonic Railroad Com
pany for 1855 were $339,l96 SO; expenses, &c.,
666 81; balance over expenses, added to assets as
per report of 1854, $3.50 lsO 81. Of this. $685. 10
has been applied in liquidation of the floating debt;
1870 so to the extinction Of the Ames bridge debt;
5000 81 to the purchase Of department lands and
$50 to the construction Of depos and water stations
leaving balance of $s7 $50 70 on hand December
| l, 1856.
The receipts Of the Naugatuck Railroad Company,
for 1855, were 1920 459 76 running expenses 1924
500 90; which, with other charges, being deducted
from the gross receipts, leaves balance Of 81 1872
| 80 credited to profit and loss
The Treasurer Of the New Haven and New Lon
don Railroad Company has given notice that the
coupons of the LIST mortgage bonds of said Company
falling due 10th inst. will not be paid that day.
Unless the stockholders come forward to it's assist.
ance the road will go into the hands Of the mort
gagees.
The State Comptroller Of Texas invites proposals
for the sale of two hundred thousand dollars of the
five per cent. United States coupon stock issued to
said State indemnity for the sale and surren.
der of portion of her Northern and Western
boundary under the provisions of act of the Con-
gress Of the United States, approved September O.
| 1850. These proposals should be-
First for the purchase Of said bonds to be
delivered ut the city Of Austin and the proceeds thereof
be paid place. Second the bonds to be delivered
the city q q The 0sssa thereof !. 20
ivered ut the ely Ct New Orleans the proceeds thereof
deliverable st the place. Proposals also invited
York. and at the city Of Galveston, and the prs:eed
thereof deliverable at each of said points.
No bid will be received for than 500 COO
but the same individual may make than bid
BIDS to be exclusive Of accrued interest. and the time
10 be stated when the funds will be available to the State
The proposals. will be opened ut Austin the Goth Of
April.
The London Times OF February Is contains the
following -
The subjoined communication details certain crcum-
stances connected with disputed insurance claim
tween members OF L0yd's and the New York, New
Homeland and London Company the agent OF
having been unable to effect settlement As the state
ment present parte 1t is inserted without rema.k
ton having been rejected the underwriters must
very unequvocal expression OF public opinion II they
fail ultimately to establish justification Of their course.
Meanw lille is to be assumed that they conceive them
selves to have defence such will satisfy every require
| ment, not only in law, but equity
| M0RIRY's HOTEL, London Feb. 4, 1856.
The New York, Newfoundland and London Telegraph
Company, chartered by the government OF NewoHnd-
to construct telegraph across that island and
10 connect it with the neguborng continent ordered in
London submain cable Of sevenyfour miles in length
containing three conducting wires and shipped it to
Bryant, which there to be taken in tow by steamer
for the purpose OF submegng the cable without trans
18TH Of June, 1855 At oyds, at four guneas per cent
being The highest rate charged on such shipments by
sailing vessels The words in this part of the policy
are:Fifteen thousand pounds sterling on ga electric
cable The same to be LAID down between Newfoundland
and Breton leland Nova Scotia sill eks incurred by the
laying down of the cable TO De borne by the under
| writer's
The sarah l. Bryant sailed the Goth of June and
peIienced terupestuous voyage. arriving at Portau
Basque only 10th of August where two steamers
| epesged by company had previously arrived to
assist in submerging the cable BY this delay fully
three weeks were Ct the most favorable for
operations As afterwards ~ the machinery for
paying could be put in order and the weather would
Term the a,ng down CT the cable commenced, and
continued with until about "a miles had been
submeI ged, when storm arose, which finally compelled
Of the bark in spite Of every cxeriou cut
the cable in order to the vessel the balance of
cable lives Of those board The was then
,owed by Of the steamers to sydney Cape Breton,
available port where the Of the
cable landed This unfortunate result rendered the
cable utterly uselees it IL we'll known that 1t ~ mpos
sipe raise cable from beneath depth Of water ex
ding 200 thoms, when imbedded in sand (which
very speedily takes place after being submerged The
portion landed would also be liable to damage from
the shipments that there would great
risk OF failure in attempting to make Of It, The
psny was, therefore reluctantly compelled to abandon
both sections Of the cable (which postponed the compile
lion OF the communication last yesr) and Instructed
their agents, Messrs George Peabody Co., 10 apply
the under writer's for the insurance
In consequence OF the evasve manner however, ia
which they let this application l. Of the dirco-
tors. and on behalf Of company, to England to
obtain payment of the policy like agents, / also
met with evasion from the underwrtesa principal
actually declining an interview with me- aud another
giving the insulting reply, @ that there loss ths
cable being nj the bottom Of the Just where you wish
to put IT. therefore obliged to ask Mess's Fresh
field (our legal sdvsers) to put themselves IN commun
cation with the lawyer Of the underwriters and osr
settle the matter either by reference TO arbitration
according TO any Of the following propositions
IL The underwriters 10 lay down perfect cable between
Cape Ray Cove Newfour and Caps Breton by the
OF Jolly and take the salvage using much they
OF tie old cable ans guars eing perfect line Of
iusula,d vines o. = the underwters t,pay total losA