The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-07-22

The following letter Of Judge Breeze announces his de-
osion the submitted TO him at ais chambers In
Beievie aud involving the validity Of the agreement
known the spencer lease and Of the company deed
trust executed the 10Th day Of January last An in
Junction + refused, and both the instruments fully
sustained as lr and valid Judge Breese ono OF the
ablest urs In the country, ana hs promised written
opinion upon The important legal questions Involved 10
this will be looked for with interest, and regarded
ss b gh authority upon the points decided by him
Carlyle, July 10, 1855
nrAR srs-I have given the case submitted h. me At
chambers % the "a inst, q Robert Cnristy Jr and 9th
erv " Hamilton spencer and others, for Injunction
A. md 10 Arguments and aaavs for and against All
the consideration my power and have arrived NJ the
that there nothing IN the case, az snted
requiring authorizing the exercise Of the restraining
power u Court Of Chapccry.
regard he ease-so called on the srr,meui--and the
deed ~ trust having been made for honest purposes
power vested IN the Chicago, Alton and 81 LOUIS Rail
road Company, acting BY ia Board of Directors. and
nothing having the appearance of egahy or fraud in the
TRANSACTION Moreover, they have been ratified aud
nrmed By the vote ~ majority Of the stockholders al
pubic meeting. convened alter full notice.
Ny reasons for my opinion Will be gwen al length 80
soon this oppressive weather shall change Tor the bet
sen, copy or this 10 Mr. Gillespie and Mr. Blackwell
SIDNEY BgEEsE.
p r FpwApps, Es1, Counsellor al Law.
The monthly circular Of Messrs Du Fay & Co, Of
Manchester dated July 1, 1856. contains the fol.
lowing remarks on financial and commercial az.
fairs -
The past mouth in respects critical one,
ing 70 fear o. rupture IN relations with America,
and unproyous state Of the wealth which exercised
q depressing influence upon trade generally, and produc
ed gloom IN the political and commercial horizon, which
however. gave way gradually, and changed into n
cheering and hopeful state a things when II became
that the bank had further lowered the rate Of dis
count pr cent Al their last meeung on the 2otn ult
hi step the part Of the directors considered
guarantee that no serious mpedments 10 trade would
henceiorth prevent it, progress and that upward ten
dency likely 70 prevail than the reverse Peace
cheap money, and probably good harvest certainly
combined a trc-the proper and legitimate eIe.
ments OF prosperous trade. OF late we have not en-.
loved them together but 10 all appearances are 10 be
blessed once with thu beneficial union Lancashire
enjoys the additional advantage which the largest supply
of cotton we have had Is likely 10 confer Trade
based upon such grounds safer than that ssered
nv facilities such the recent money establishments
abroad whatever their may be, have promised 70
IA dcsderstum yet but from all we have heard,
vii be extremely good The late foundations IN France
FOR m uanfu contrast 70 the cheering accounts
celve rom other parts Of the continent but under.
stand that damage done 10 France has been
on uas.ure lands thsa fields indeed the accounts
reevedso day about the harveets are highly satsfscto
~ During the yalence Of the late rains wheat and
oher cereals rapidly, but the recent 1ne weather
hat raused anxiety spectators and holders 70
atfs the stocks The increased cheapness Of money
, 1s eftatlv improved pubac ~ d. aud Aiwt 40 i
-Y- era ~ Rs@. ~ 4. aaf the ad he tHes ttia
rsxs sts Gssa ssA-ast sJy 80 1-y