The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1858-07-24
! sl65,504
57l,536.42


The Philadelphia North american publishes long Off
cal report of the Legislative Investigating Committee
the affairs of the Tioga, Crawford Phoenixve Shamokin
and Octarara banks. 1t says, among other things:
startling revelation is made by the committee relative
to the bank note reporters Proof been af
foded that of these publications regular black
according the conductors feed Letters and circt
lars are described as being sent to banks requiring mme
arrangements, on pain of disagreeahe consequences
The Chicago Times of the Goth inst says:
During the last week there have been received at Chi
cago 1l,6O7 bbs -four 262,395 bushels wheat 359 9Os
bushels and $50 $50 bushels oats equivalent $780,
86 bushels grain The total receipts of the
far pa 4jO bbs flour 5690520 bushels wheat 1851
100 bushels and 502 237 bushels oats-making to-
tai of oyer $4,000 600 bushels grain, namely O7
The receipts at this time last year 115OOO bbls
Hour 225 900 bushels wheat 900 bushels corn and
52OOOD bushels oats equal bushels grain an
showing an increase in the receipts of this year 5Os2
107 bushels.
The shipments of the last have been 1864 barrels
Hour 2l62l bushels of wheat 3S997S bushels and
grain The total shipments of the thus are
1877 sos barrels -four bushels wheat 3O2O6l7
bushels corn and jS Sl bushels oats-making total
of eleven million bushels of grain, namely 1O,993,5l6
The shipments at this time last year II 900 bar
rels -four 10000 bushels wheat 100000 bushels
and 16 1000 bushels oats-makins total of 52l500O
bushels and showing an increase in the shipments of this
year of than the entire amount shipped at this time
last year, namely, Sis, SIG bushels.
The receipts of lumber for the last week $50 900
feet-making the total receipts of the 10394s72
feet.
In the United States District Court held at Cleveland
Ohio the following decision has been made in the case
Mortgages and Trustees of the Steubenve and
Railroad the Treasurer of Tuscarawas county, who
seized the rolling stock for The Mortgages asked
for perpetual injunction against the aNatherer the
ground that
1.-The Company unable to pay the interest or prnc
pal of said bonds replace said locomotive and
the should be Sold that the possession
OF the absolutely necessary to the operate of
the road by the Company and that sale of the property
by the Treasurer would be of rreparable injury the
holders of said bondsr
Judge Mclean held:
l. That the power of taxation is sovereign poli teal
power and branch of the power of eminent domain
That il the manner of assessing and collecting taxes pre-
scrbed by the Legislature be in conflict with the Con
sttuton and the officers charged with that duty conform
in their action the law can restrain or inter
2 That the lien of the State taxes is paramount 10
all private rights vested under the Government Indvd
ua liens cannot come in competition with the lien of the
State for taxes
g. That the lien of the State for attaches to per
sonal property upon the seizure of the of
levy by marshas sherifs and when such property is
seized for due the State it is in the custody of the
law under paramount lien, which displaced by
the liens of individuals upon the same property.
That the relation of the compainantS the Seuben
vile and Indiana Railroad Company is defined by the
terms of the mortgage to them That default
in the payment of the interest principal of the bonds
secured by the mortgages did the and its
equipment in the compainants mortgages but author
lied them to take possession of the road and
agents of the Company, sell the road public
That the ownership of the property could only changed
by sale of it, and that sale having place the
Company and not the compainants. were the owners of
the property.
Temporary injuncons dissolved dismissed at
the of the compainants.