The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-11-23


The movement in Panama continues 70 mpart vshness
the de alngs the Stock Exchange. The price
day from l33 to 1877 Il, at which figure II in do
between the bOa ds in the afternoon sold at 1885,
but afterwards fell off, and closed at 1856 bid As some
ignorance expressed 10 the ST. Get All regard 10 the
nature Of the charter of the Panama Company may be
well to explain that ut the expiration of twenty i've
years from Its date the government Of New Granada
have the right Of taking the road at fixed price
81, 600 900. Nine years Of the charter have already
elapsed should the government Insist upon their rights
the stockholders interest the road will therefore term
nate in 1875 In the meantime however, II seems Gkoy
that the company may pay regular dividends of twenty
per cent per that, when the road does pass
out Of their hands, will not have proved bad property
even purchased at its present price, The bears
free purchasers day. Among the other stocks,
the one which advanced the most was Hudson
River, which rose to 4l4 between the
boards, closing at AK bid This stock has
risen ten per cent within comparatively short pc
riod. Pacific Mail active at a decline the morn
ing but rallied in the afternoon Nothing is known with
regard the dividend The North Star will resume her
place in vanderbilts line the 25th her panking was
rubbed Off while she the rock, but such the
strength of her oak timbers that small pump kept
her dry on the way home. Illinois Central was per
cent lover. The other Western stocks unchanged
with generally steady appearance. Central does not
1uctuate. There free sales Of the Erie mortgage
bonds today, pre- icated, apparently the that
some Of the LIST mortgage bond holders had applied for
relief from the State Comptroller. What the aim Of the
1s mortgage bond holders may be the officers of the
papy here do not know they probably desire 10 have
their interest paid out Of the first moneys received
from the road. This of course cannot be refused
them. 1t is the hope and expectation of the
IN ha ahla oH
terest on the first two mortgages within 60 days Some
of the second mortgage bond holders have been
sgitapg the propriey Of applying for receiver
We learn that the holders of that Issue have sign
ed statement expressing their satisfaction with the pre-
sent state OF things The stock steady In the after
noon the market pretty active and generally higher
stocks closed firm at the following Missouri
SIS, s4ha VI Canton, Tx II Cumberland Coal prefer
red, 1914 Y; Pacific Mail Steamship, 70 ~ New York
Central, sos y; Erie, * y; Hudson RIVER 4l
42;diariem, 10 "a Harlem preferred, SO AZ Reading
$50 ii Michigan Central, 4e7s Az; Michigan South
ern and Northern Indiana, 81 N Michigan Southern
and Northern Indiana guaranteed l7s Il Panama, 1876
4; Illinois Central, eol y; Gaena and Chicago, 70
u; Cleveland and Toledo, 2od VI Chicago and Rock
Island, $685. Il.
The second trial of Warren Leland, Of this city, on
charges with the Colchester Bank came yes
generally expected At the critical moment Mr.. Jones
the principal witness against Leland and the late cashier
Of the Colchester Bank could not be ound whereupon
Of course the came to end. Whether or no Mr.
JONES' who freely accused of having got up the
prosecution to levy black mail the Lelands succeeded
in his aim, and obtained payment of his grandfather
claim against the landlords OF the Metropolitan Hotel
left to conjecture One thing the whole pro
ceedpg quashed because the who had originated
the case and whose evidence was IL true, conclu
sive against Leland, deliberately refused come int
court and bear testimony 10 what he knew. Anything
more ridiculous than the figure by the receivers
the bank when they their break down through
the resolute refusal Of Jones to testify were diicul
to conceive. Az matters stand the victims Of TIL
Colchester swindle without redress Mr.. Jones ha
told his story but he declines to repeat IT, it seem
that, under the laws Of Connecticut goes nothing
and is as II had never been uttered. Mr. Leland re
serves his story; it is pity he does not give to tn
world. Such exploits the successful organization ant
triumphant administration Of bank like tina, at Coches
too in obscurity; every one of tn
ekfui engineers is entitled TO fair share OF fame. W.
hope and trust that notwthst anding jones' silence
| have not seen the last Of the Colchester Bank
The business of the Sub. Treasury to-day was as fol
| lows-
iotai receipts $l17,742 d
For customs. 1900 q
Payments 329, 1858