The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-10-02

confined forty-one hours without agreeing upon
verdict Eight of their number were for convicting
and four for acqutting the prisoner.
The Episcopal Diocesan Convention continued its
session yesterday. Bishop Potter delivered his an
nual address, touching the present financial crisis,
with some interesting remarks. He partly attributed
the present embarrassment to q love Of reckless
adventure in business and the reckless expenditure
of extravagant women. The major part Of the
day was consumed in debating proposed amend
ment to the constitution with regard to the quai6-
cation Of delegates to the Convention. provision
that no deacon who cannot under the rules be set
tied over parish or congregation shall be member
of the Convention" elected much debate.
meeting Of the New York Geographical and
Statistical Society was held last evening. Mr.. Dis
turne gave some interesting facts In relation to the
discovery of gold In Northwestern Canada, and Dr..
Adamson read paper on the Estate and Progress OF
Geographical Science" which was attentivey listen
ed to by an appreciative audience.
The steamships Washington and Hermann were
to have been sold yesterday but owing to the
financial pressure the sale was postponed till more
favorable day.
The aspect Of financial affairs presents but little
change. The government oficeholders throughout
the country yesterday received their quarterly sala
res, which in the aggregate amount to considera-
BILE sum, and add so much to the metallic currency
in active circulation. despatch from Washington
states that upwards Of seven hundred thousand dol
lars of the public debt has been redeemed within the
past day or two. Drafts to this amount, drawn on
the New York subtreasurer, will be paid in gold
to day. Some half dozen extensive failures occur
red in Boston yesterday. meeting of merchants,
to devise measures of relief, is to be held in
that city today. The Supreme Court at Albany has
decided that banking associations have the right to
reduce their securities below 100000 by returning
circulating notes, and the Superintendent of the
Banking Department has accepted the decision,
thereby reversing the practice of the department.
In consequence of this action large amounts of bank
bills have been withdrawn from circulation within
the past three days. The financial pressure has al
ready extended into the far off and newly settled
Territory of Nebraska. Two banks, the Exchange
Bank of Omaha and the Fontanelle Bank at Belle
liver both of which were established within the last
twelve months, we learn by DESPATCH TO the Chicago
Press are reported to be bad faDr1es-which means,
guratively, that they have gone up as in balloon,
and will never come down.
Ire only movemen. in cotton yesterday confined 10
shipments 10 Lveypce en- owners account The stock
this market has now reached . very low point The
eihcnlty Of negotiating sterling bills was also, as
Last accounts, felt at New Orleans, and prices had
become somewhat lower on that account We learn
thai the Lowell cotton mills had made arrange
men,s 10 ship about 5000 bales 70 Liverpool,
where at last advcts prices full cen per h. higher
than in New York. Sales OF -four wore made to .
moderate extent, and lower BY 80 loo per barrel for
common and medium grades Of extra STATE and Western
brands. Rcd whea. OF prms quality WAS from 10 70 &C.
per bulhel higher, while white Southern unchanged
Corn frmcr, with salos az Western mixed .. 100 .
tic Pork quiet and eanor. Tho s.Ies OF sogs1
b.aoed about SEQ 900 hhds .. rates given In another
colomn Coffee Was steady and quiet Freights CONT
nued nrm 70 English ports and about 90 900 bushels o;
grain tasen TO Liverpool, n SKA In bulk, and ekd
I'd In bags; four taken a. Il lohd 2s, and oos
ION si 3-lod. SD. Fair epgagemeasi we're made 70
LcIeon, and at full rates