The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-02-07

a WAvs ana Means have no le1s than four schemes
before them for the relief OF the Treasury each OF which
has ia partisaps among the committee. It is hardly
uected that majority will agree 10 report any
scherue Mr. Cobb his published letter indicates H.
yos the reissue Of treasury notes. 1t Is understood that
Senator Hunter the Chairman the Senate Committee
ON the contrary, in favor OF funding the outstanding
treasury notes by tho issue Of five per cent United
States stock either to be awarded like the last loan 70
rendered to the holders Of treasury notes on their ma
turity. Persons whoee opinion worth considering
think that the Senator will prevail against the sscre-
ary and that whatever may be done with regard 70 the
possible deficiency Of ten millions for the remaining por-
ton Of the fiscal year the treasury noes will be funded
II is certain that they could thus be most chcapy dig
yosedcf IT s not likely that any new treasury notes
bearing than per cent interest ccud be put into
circulation under par and with proper management
new i've per cent Loan might be sold above par Such
loan would naturally be nade to mature within four
hve years.
The amount raid in on account of the loan awarded 24h
ut is now ,5s7, leaving $6,74o4l3 70 be paid m
between this and the 18th Of March Al tho present
Of money the specua,os so took the oau resell again
directly not temfsed e pay ID tha AMOUNT. few
private hackers lending at FIVE but the chances
are that the win be- seyon before many
days. 10 s3 si'r.nf ei ha34s gjgf ~ ~,
The feature Of the stock market during the past week
been the Of the great bull movement got
ny by The boldcst and most prominent member Of tho
Stock Exchange After struggle in which extraordinary
courage and skin developed by this operator, the
force circumstances the natural laws of finance
triumphed over individual energy and talent, and the
leading bull resolved early last week. 10 abandon tho con-
test Sales were effected privately OF the bulk Of the
stocks he bad bought, and thus by the operations
both contracts for the rise and those OF bis opponents
for the fall closed. There probably q
when the Stock Exchange free Of contracts for
the future after these arrangements
spmmated Among the stocks most directly involved in
these settlements Missours, New York Central,
Harlem, Hudson River, Panama and Galena The effect
caused decline Of from to per cent In all these
stocks. Many Of them have subsequently recovered
portion Of the decline. Several Of the successful bears
naturally proceeded 10 purchase stocks after closing
contracts and the business of the Stock Exchange has
been very light, these purchases, moderate as they
were succeeded in producing small reaction from the
lowest prices New York Central for instance, fell
how soH but recovered to S2X Harlem preferred de-
clined TO So but closed at 4Oa. Nissoprs dropped
63}S but cloeed ate4 Panama touched lib, but rallied
1863 For the present the future Of these speculative
stocks will depend mainly the advices from Europe
Should these advices prove favorable TO the Market
small advance may be expected should they the
trary confirm evil tdngs brought by the late steam
haps not till after tho New York Central dividend
has been declared. In Pacific Mail the week has
witnessed an animated and exciting contest.
= On Tuesday morning last, Commodore Vanderbilt
emphaticay announced the rupture Of negotiations be-
tween himself and Pacific Mail Company, by adverts-
ing the establishment Of line to California, via A.
pinwa and Panama The stock, which had been selling
IS previous this announcement, declined without
action 70, from which point recovered TO 3d. then
dropped back to TO- reacted and finally closed yes
serday at 77 Whatever may be the surplus Of the Pa
chc Mall the company going 70 wage an interRecine
conflict with the great steamboat commodore it evident
that there will be boodshed and 1t is not unnatural that
the owners Of the stock should sell out before the COM
moncement Of actual hostihes. The Pacific Mail Compa
ny has few friends that the misfortune which has
taken eic little general sympathy, and the ndiscreet
publications Of foolish friends of the company rather tend
10 create good viii for the Commodore, whom they abuse
80 numerically The public these persons should re-
member don't rush about companies or counmo-
dores so long the fares for passage 10 California
cheapened they will welcome the change, matter what
concerns it may ruin. yJF fa
We subjoin usual comparison of stock prlces for