davidaulloa/AmericanStories huggingface dataset:
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-01-04
THE LATEST FINANCIAL NEWS.
by TBLEGRAFn FROM LONDON TO LIVERPOOL

BY TBLbGRAfH fkOM LONDON TO LIVERPOOL.
LONDON, Dec. 1e-Morninr.
Tho Times City Article says the funds opened with
erosi sesdincss this morning. and experienced before
the Of further advance Of one quarter per
cent The Bank return expected be very avora-
hse and shows further of 61 3s1 3o6 in the
sscck Of bullion. Both the bullion and reserve even
suppoeng two millions Of 10 be deducted from
shs latter, higher than in April last, when the
raAe of discount only 6ls per cent
In TIC stock Exchange the supply Of money Is abun.
dsn, and in the discount market the bee, paper can be
~e~dily negotiated at frum 50 to per cent
Al the bank The demand continues limited and the
resources of the establishment augmentng with
ouch rspdity that reduction from the maximum rate
d ten per cent seems hardly likely 10 be delayed
beyond Thursday next. AZ Hamburg the crisis ap.
pears likely 70 bo partially subsding the rate Of dis
csunt Cor short paper having fallen TO six per cent
About coo OF gold OF various sorts we're taken
che bank day, besides about G4oooo in sovcreens
from America and fl0O 600 sovercsns from Ireland
very large amount also expected 10 be delivered To-
uorrow The precise Of specie to be- shipped for
e the 10th es57 2,7 Of which sic aea is gold
and the remainder silver.
Yesterday the bills were returned Of Dray Co., en-
spcers aad agricultural implement makers.
TIE Tina City Article 81 yes a list OF The principal sus
pensions einounced in london the bennng Of DC
tobcr. fc number hlty .Gve and the liabilities are
estimated q, slseoo 600 eie,OOOcO The. liabilities Of
he houses suspended in the provinces are computed at
900 GEO. at Very moderate calculation but this in
cudes the debts Of Eve banks amounting TO E23oOO 600
yne total s Gfty millions.
The Dniy Neio City Article says considerable fall IN
the value OF money Is evidently impending Speculation
b Increasing ia the stock markets The funds ,dav were
very buoyant English, Canadian Indian and other rail-
way shares we're in active speculative de and in many
at considerably advanced rates Now that the
more prominent stocks have experienced 70 important
rise, the specuators arc eagerly turning her a,ten
Hon TO variety Of securities which have hitherto
been neglected. All the markets closed With ia.
vorable appearance in antcrn,ou Of favorable
bank returns. AZ The Bank Of Engind tsday The de
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-01-04
NEWS FROM EUROPE.
>~o~~>>.>~~>~~~>~~o~~~s~
ARRIVAL OF THE NIAGARA's MAILS.
-ooo~sooN~1~|-oI>cN~>o~~
Improvement in Financial Affairs in London
and Hamburg.
Probable Reduction Of the Rate Of Interest
BY the Bank Of England.
CONTINUED REAY COMMERCIAL FAILURES.
~-ooN.~o~NoSo~o~~NN~~o~oN
DECLINE IN THE PRICE OF COTTON
AepoEted Amnesty for Political Offences
In France and Spain,
&c, &C., &c.
DECLINE IN THE PRICE OF COTTON

Nc steamship Niagara, Captain wickham, from Liver
pool about 1880 A. Of saturday the 10th ul arrived
- Halifax at 1890 A. NJ on Saturday.
TIE Niagara signazed from the Highland Light
spe Ood) 1245 NJ yesterday and reached her dock
as Boston about O'Clock last evening The mails
for South forwarded by last nights train which
ln Boston at P. NJ, and will arrive in New York about
SIX O'Clock this morning
The Niagara Jan. ], Up. NJ, passed steamship Ca
NADIA bound for Liverpool.
The Niagara brings 81 900 for Boston, and f20 900 for
HAlifax.
she reports: December 30, at As P. NJ, Cape Race
bearing north distant miles, fred two rockets
Blue light and threw board the despatch for the
uoCiased Press The yacht was not out at the time
The Niagara passed Cape Race her repairs not having been
sompleted]
y Of htale importance.
There is nothing later from India
Money was slightly easier in London Consols for ac
sount closed at 92h e2A.
American stocks were generally DULL and prices without
much change
FINANCIAL difficulties had arisen among the woolen
snanuctarers Messrs. Cheesebrough Sons of the
largcst firms in that line in Yorkshire had suspended
md many others expected 10 be involved.
fhe Manchester market dull, and prices Of goods
tad considerably declined.
In the Liverpool market sugar had declined Cd. a Is.
The Collins steamship Atlantic, from New York the
sh uitino arrived at Liverpool the 10th December,
$50 NJ
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-01-04
THE FINANCIAL PRESSURE.

IN the London money market on the 10th u there
sfurther decided tendency towards relaxation among
discount houses, and selected bills readily nego-
eased from S to per cent The demand the bank
was very light The funds were buoyant, owing to the
sontinued influx OF gold to the bank and consequent
yectaon of speedy reduction in the rate OF discount
The following failures we're announced Edward Smith,
wool stapler, of London, with large liabilities and saal
feidt Brothers. wooden manufacturers, OF Leeds, with LA
Silincs Of f20o,o 900.
Mr. Jewdall, Of Leeds, n very extensive operator in
voos was reported TO be in temporary difficulty, but
so< actually suspended.
me commercial crisis continued very severe in the
>orsh Of Europe but at Hamburg affairs had begun to
tnprovc.
Al Hamburg the rate Of discount had receded TO per
cent
On i7th uli there feeling Of increased conf
asucc and the funds under the influence of the
Aiantics and specie. Money good supply and
~ applications III the bank Light
The SUSPENSION was announced Of VIM Chesborough h
esn Of Bradford, Of the largest wcoIlen firms In
Yorkshire. Their liabilities not stated.
The Darford and Gravesend Bank has also stopped
veh liabilities Of not moro than 10000.
ne burgesses OF Hasaburg have authorized new loan,
thereby making the amount Of contracted tor about
svrty millions Of francs The OF discount there had
further reoeded To sevcn and nine per cent
The important arm Of schultz Schemman largely
saSed In the metal trade in Hamburg, have suspended.
James Holiness Of Riddermnster, carpet manufacturer
hassuspcnded for f35 600.
The Official statement Of the Affairs of tho Western Bank
q Scotland show liabilities of fs 100000 sterling,
and deficiency of over $500 600.
On the 18th the London stock market further advanced
and closed buoyantly.
Teegraphc advces from Hamburg reported further
considerable Improvement in financial affairs.
w. j. Powell Son. Of London in the Manchester trade,
have suspended, with heavy liabilities.
The Bank Of France has uced Ia rate OF discount 10
six per cent all descriptions Of bills Additional conf
dencc inspired by This, and the funds closed the
lssh ai eIf 2oc.
In the Hague in the Second Chamber, a resolution In
vor Of the abolition Of the Usury Law adopted after
On important debate
The commercial crisis in Norway continued very severe
Two delegates from the had gono 70 Hamburg
With money 10 support the firms there whose failures
would be prejudical To Norwegian commerce.
number Of important failures reported
IN Sweden Government had proposed 10 borrow twelve
million thaers TO assist the meTchants.
The Bank Of Denmark has Mvanced nearly two millions
of francs house charged to maintain relations between
ahe banks in Germany and Denmark.
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-01-04
FRANCE.

II was rumored in Paris that the Emperor intended TO
remit portion of the punishment incurred by the Presse
and that general amnesty for press offences would
appear in the Aoneur on New Years day. 1t was also
said decree OF exile which exists against Generals
Bedeau and Changariner is 10 be repealed.
was stated that instructions had been sent to the
French Minister in China to cooperate effectively with
Lord Elgin and the English naval and military com
manders.
An Imperial decree announces that foreign bran
dies are to be subjected importation into France,
TO duty twenty francs perhectore of pure alchoho'
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-01-04
RUSSIA.

The Berlin correspondent Of the London Times says
The American brig silver Keys, having on board the
gneers machinery that to have been employed
in the raising Of the vessels sunk at Sebastopo have
turned Constntnope. The said vessels reported
by the divers be so thoroughly buried in mud and earth
that any raising them Is out Of the question; the dlu
cues oxpcsso OF doing being estimated 10 exceed
the probable proceeds of salvage
A despatch from ~ Petersburg announces mpor
portant victory over the Tcherkesses great number
Of them were killed and large number Of their villages
burned
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-01-04

&. $. Dnmcr CoyR1 will meet borrow (rues6sy).
CossoN PiEAs-lart Nos. To- 16, ~, loss. is TO-.
20, Ill., 81, ~, q. Part 2Nos 1852, 10 8, 40 -
ID. 36i.
SUrRsxE CuuRr--Circut Nos $50, 27o1 1898, 1871
3S3, 2T4s Ss7 le2l, $50, S7l 1888 1882 2iS2 2sOl,
1917, 87l, 1912, 1y8, 4, g.
srrHwos CorEr "opens at VI O'Clock A. ).--Ncs. B. 4,
s. T. s. g. TO- ~, lS, L. 10 n 20 a. % 10 20 81 SO 10
SO, -, 60, IS, a., ~ " 55, 81, IS.
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-01-04
TURKEY.

Tho Paris Patre says that the Ottoman Minister "
about 10 bring the question Of the occupation Of Perrin by
England before the representatives Of the Great
ConstantnopIe Lord straord dc Redclic had nj last
quilted Constantnople, and was at Vienna.
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-01-04

and Congou rather dearer common Congou IND. H.
Rice quiet Taow steady at 62s 63s. Cd. Spirits tur
pentne dull At SIS 32s 3d. Satpetre declined is 81
2s Fish oils very dull sperm f6S. Iinseed oil anet Mt
27s 3D. Lard oil dull and nominal at 66s 5Ss. Whale
bone nominal Pig iron dull at Sos. 6. Iinseed cakes
in good demand.
HAVRE MARKET.
For the week ending Dec 16 inclusive,-Cotton dull,
and all qualities considerably lower Sales of the week
1900 bales. Stock 76 600 bales New Orleans tres ord
nare 95f Breadsutfs quiet. Ashes dull Coffee ste sdy
Provisions dull and nominal Rec heavy and nominal.
Sugar heavy. Oils nothing doing Whalebonc nominal
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-01-04
SARDINIA.

The Legislative session opened at Turin the l4th.
The King his speech hoped for cordial cooperation in
the dcvcopcment of liberal principles, which are the i'm
movable base Of the national policy and referring 10 the
continued interruption Of relations with Austria said
The civil and commercial Of the two countries
was not affected In the least thereby.
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-01-04
BELGIUM,

The Belgian Legislature commenced It's session on the
18th ultimo without any formay. Prince dc 1gne
appointed President Of the Senate officially
nounced TO the that the Duchess Of Bra
bant was in an interesting condition.
NJ yerhagsn, distinguished liberal, has been elected
President Of the Belgian legislature moderate
of action Is expected from the victorious liberals.
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-01-04
SPAIN

An amnesty for political offences in the trans Atlantic
possessions Of Spain has been granted
meeting of the Cortes postponed till January 10,
when the Queen will open the session in person.
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-01-04

mand again only moderate, whilst large sums fan
due there from day 10 day. In the open market the
signs Of returning unmistakable Good bills
currently discounted at sh per cent Choice paper is
done at 9x and per cent, and in exceptional cases
transactions take place low OK per cent We know
Of oae in which two months bills done at
81 per cent, and Of another in which large firm have
discounted their custoners' bills at per cent
The latter are rcourse, exceptional but quote
them because they denote the tendency Of the market
reduction in the bank rate is evidently at hand.
very largo amount Of money s seeking employment in
the Stock Exchange and loans government securities
but the highest rates obtainable 10 per cent for
short periods.
is stated that the liabilities Of Jonathan Hills Sons,
bankers, of hartford and Gravesend amount TO about
IN foreign exchanges yesterday afternoon there
was demand for bills upon Hamburg, and scarcity
Of supply. rate less favorable for London es-
tabshed
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-01-04
PRUSSIA.

Berlin dispatch says that diplomatic relations vii
probably be resumed between Prussia and switzcr
land
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-01-04
ENGLAND.

Operations were resumed upon the Leviathan on the
I6h but with the tremendous pressure the vessel
was only ed about three feet when the work
pended swe die; less than three hydraulic rams,
powerful arab wndlass and the double chains which
drag the vessel towards the river having been all burst
and broken. The Times thinks that half the hydraulic
presses will be required to the difficulties
Admiral Sir F. Beaufort Is dead
special despatch Of the East India Company had
rmed the grant Of pension Of thousand pounds year
to Gen Wilson, and five hundred pounds year each TO
Lady Neill and Mrs. Nicholson
Gen. Havelock gaze..ed to the cOonelcy of the Sd
Regiment
Another public meeting in favor Of reform for India had
been held in london.
memorial has been presented to Lord Palmerston,
praying him TO make provision for granting Of suffrage to
certain classes by virtue of their educational acquire
ments. The memorial is signed by the Archbishop Of
Canterbury Bishop Of Oxford, several nobemen, and
large number of gentlemen connected with the univer
sites.
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-01-04
COMMERCIAL INTELLIGENCE.
.

Mcssrs Barring Brothers quote the money market slight
y easier Bar silver, L5s id; dollars, 5s. I'd eagles
76s 2J,d. Consols for account closed at g2 e2L The
bullion IN the Bank OF England had increased Gl 3s 600
AMERICAN SECURITIES.
Messrs Barring Brothers report the market generally
quiet state stocks held firmly but the absence
Of sales quotations nominal Messrs. Bell Co. re-
tod AZ pfQ mus rafaa
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-01-04

TEmAfE HuP IN CAIpoRNA.-Tbo san Francisco Bui-
lem represents that ero is great want of servant girls
in California and recommends the eirls out OF employ
mont In the East 10 cmigrac 10 the Golden STATE Il
SAYS that house girls wages san Francisco $50 10
sg5 rcr month, aud couks' $40 to $50
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-01-04
Naval TnfctIipepre,

The Z. steamer Saianac, Capt John Kelly, from Nor
iok Tor ioe Pacihc, renamed az Barbadoes l6th ut
COaiing
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-01-04


LIVERPOOL BREADsTUFPs MARX. r.
Messrs. Rcha.tson, spence Co refof A0ur quiet hat
steady. Western Canal, 23s. a 25s.; Philadelphia and
ssituore us a Us; Ohio AIS ass. Wheat arm and
slightly higher, the Improvement being manly on the
nner qualities red, &C. "a IS. Id white, 6s 1od. ss
Corn firm; mixed, as 33s Cd yellow, 5Ss. Cd 3is
white, 31s. a SIS.
LIVERPOOL PROVISION MARKET.
hessrs. Bigland, Aithys Co, Richardson, Spcnco n
o. James hclenry and others quote beef heavy
regular. PORK GULL Bacon dull and slightly lower.
lard hcevy ond norniuh. Tallow quct-buchcfs' Sis
62s Cheese advanced "a a 5s
LIVERPOOL PRODUCE MARKET.
The Brokers and other circulars repoyt asbes auet
pots, 5Ss; pearls, 34s. Cd. sugar duf and cd = is
lower Molasses generally unchanged Coffee o,rot
Rice heavy and slightly lower; CAROLINA 1ss 81 fss "a
For tea quotations barely maintained Rosip dull a,
3s 100. a. for common, S. los. for MEDIUM aud las
6d. tor fne God oil, e26 f27; sperm oil $40 l1seei
oil du AZ 30s spirits urpentne firm az 30s Sis Qler
citron bark SLOW q sale, but prices uualtered.
LONDON MARKETS.
Messrs Baring BROTHERS report brcalstus qnet white
wheat a6s. 4ss red 42s ASS Flour 2fs 96s Iron
dull and nominal NJ CO for both rails and bas sugar u
aud dc Lined Ga. Is, Co1cc qlct Tea better demand
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-01-04
Oficers Deputed to Administer the
Government.
THE LEGISLATURE DEEDS AND MsoeeOs.
Measures Of Repeal, and Propositions
Requiring Legislative Action.
THE STATE GOVERNMENT FOR 1858.

The new State officers wsro in Friday the
LIST inst. The Legislature M Albany W NOR
row. the 5th inst The executive Of az follows
Governor. .........................Jo .JouS A. KING,
Lieutenant Governor HENRY X. SEIDKy
The terms Of their respective Offices will expire The
3st December 1855 and election for their SUCCESSORS
will take place the first Tuesday of November preced
ing. The Lieutenant Governor presiding officer Of tho
State Senate, has a casting all notions reso-
tions, but vote the passage of any law lie
presdes the meetings OF the Canal Board where he
entitled to equal and vote with any other
ber He receives six dollars day for his services in
either place. and ten cents mile for travelling fees in
going to and returning from the capital There s no
greater imposition pracced upon the people than the sys
tenn of constructive mileage paid TO these public officers,
and their double pay. For Instance
The Lieutenant Governor opens the morning sesson Of
the Senate for which he gets six dollars He then calls
of the Senators the chair proceeds across the
park the where the meetings of the Canal Board
held takes his that Board, for which he re-
ceives additional six dollars making twelve dollars q
day, when in majority of the more than an
hours devoted TO both branches OF the public SER
vice. The constructive mileage is still worse. late
lieutenant governor resided three hanred from tho
capital He had free railroad ticket always hs pocket
The law allowed him ten cents mile for travelling,
making sixty dollars trip TO Albany and back. He met
with the Canal Board which generally day or two
then adjourned for about the period when with
out returning home another sixty dollars charged
for mileage And Il is than probable that sixty
dollars for alleged mileage fees has frequently paid
when the claimant only crossed the park from tho
nil In he State Hall
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-01-04
LETTERS TO OTHER JOURNALS,
Correspondence Of the Press

WAHNNGrNt Jan. = 1888.
Od and To4fr0 Ftlfbu~crs--GcnerGis HoHe'cr, L7rdr
and Wdtker-- Non md Then, dc. ~.
Filibusersm, like other youthful cxcesscs brings forth
fruits of repentance and reformation as a
for the natural tendency of Americans 10 conquest and
pansion and where once largely ndulrcd IN youth and
manhood u apt 70 produce conservative ci and
increased regard for Law, order and regular authority
This IS the principle tha; reformed roas makes tho
best husband, and retired pirate the most jus
uCc Of the Peace We have here at Wizards Hotel
very startling examples of this yhlnsOrhic truth In the
ex Presidents of the republic OF Texas sOOurning
here. General Houston WIN has been very quiet thts
season, and who, his rival gave ont that his senate
ral duties would be couned 10 The pious task of Offering
proper tribute % his late colleague, General Rugk IL
much exercised by the lawless sg Of General Walker
and declares that he will den1 the OF Commodore
Pauldug in the Senate. The other exrcsheut Of Texas
tAe cayarc lamar, whose charge az Su Jacuto tue
head OF his small force oi dragons, brilliant
feature in that wonderful achievement of American ya0r
now y stoop shouldered abstracted, quiet reserved
thoughfui old gentleman, will leave shores few
days as Minister 70 Csitral America with Instructions 10
keep on hbuSters.
General Walker, however, u seems reversed The his
tory ~ these two ancient nlbustcrs lie IN yOu.h
and manhood bitter ant dlbIster and storm coU.crva-
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-01-04

ing the sitting Of the Legislatures dxes the rates Of tolls
tho canals appoints the collectors OF tolls hears appeals
from canal appraisers RENTS penalties regulates The Do
lice &C the canals and until the aw of ast session which
passed by the vote Il Mr. SCkcs had the appoint c
slpcrmtendeuts, inspectors, &c Sc.
CANAL COMMISSIONERS.
= :. WhallOD. Z. H. sheriff.,
y VI JaycOx
They have the general charge Il tSe plb'c ks
and Of tie construction Cf Bew .ac4s Mr. Sberfn
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-01-04

LIVERPOOL COTTON MARKET.
The Brokers Circular reports the sales Of the wcok
20 coo bales, of which 1900 bales speculation
and 400 for export Prices Sd per H. lower
which were pressing the market Fridays sales we're
5000 bales, Including Il 600 speculation ard for export
the msrkc, closing quiet though with rather better de-
maad than previously, at the folor ing quotation
Saint Paul weekly Minnesotian. [volume] (Saint Paul, Minn.) 1858-1859, 1858-09-25
Discovery of Thirty Thousand Native
Christians on an Indian Island.

We see it stated upon what may be consiG
cred reliable authority, that 10000 Christians
have recently been found upon an island
north of Celebes. 1t has been rumored for
time that there was there Christian peo-
pie forgotten and iorsaken, which, however,
yet possessed three Bibles, and continued
stcadiast in the faith. When missionaries
first landed on the Island they met with q
school teacher and his pupils,who repeated in
the Malayan tongue, "As the heart panteth
after water brooks, so panteth my soul after
thee 0 Lord No Bibles were found but It's
most precious promises were written upon the
bark .of trees. They knew the Apostolic
Creed, and the Heidelberg Catechism, and
the Christian Customs. Twenty churches and
schools get existed. Through the Instrumen-
taity o f pastor Heldring, founder of the Nag
dalen Asylumn at Steinoeck, and chief patron
Of Inner Missions in Holland, iour missiona-
ries, who had been educated under the vener-
able Goesner, We're sent out, and 5000 per-
sons baptized. This is certainly an interes-
ting discovery. The islands on which these
Christians were found belongs to the East
India Archipelago The Dutch have for wears
had political rule in this region. This may
account for the original introduction OF Chris
tiantity among the people, and ior the fact
that the Heidelberg Catechism was still found
in their possession. But still, the particular
time and circumstances in which this intro
duction took place may well challenge spec
ial attention, and elicit investigation from
those who nave the leisure and f,cilities for
prosecuting it.--Gyman Reform Mes
Saint Paul weekly Minnesotian. [volume] (Saint Paul, Minn.) 1858-1859, 1858-09-25

The Wikesbarre (Pa.) Record has the fol.
lowing:
On Wednesday last we saw one of the
greatest natural curiosities of the coal field,
while attending some ladies ON visit to the
Baltimore coal mines near the borough. 1t
will be remembered that ten or twelve acres
OF the mine which had been worked fell in a
year or two ago, crushing the pillars left for
support, and tlIing that portion with rock
and slate from the roof. Through these mas
es of rock the superintendent of tie mines,
Mr.. Frederick Landmesser, has explored and
discovered the remains of forest of trees
which had been embedded in the slate rock
above the large vein, fragments of which, By
the fall, he'd been detached, and now he in
coutusion--Stumps, roots, limbs and impress
siOns of bark, in the mine. Among the Gu
riosties are two huge stunsps, as perfect as
if Just drawn from the earth by stump ma
chine. the roots cut off where they had en-
tered the ground, and the surface lookdd as
il the bark had been taken off while the sap
was running. In the rock above can be traced
the en5s of the logs from which the stumps
have fallen, and in one place the body Of the
tree protrudes, the surface presenting the iu..
preston of bark.