The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-11-30

The Canal Commissioners have decided OF
loan Of $500 200, anlbozrd by Of the electors
the late election $500 100 shall be redeeabe the lst
Of july 1885, $4,000 The lat Of july 1872 and sam,
600 the lst Of December, 1877 Proposals for these
loans viii be received rate Of both Owe and per
cent until tho 10Th Of December Interest
on the loans viii commence the LIST OF January next
and DO payable quarterly thereafter The payments by
the successful bidders viii be dve per acceptance
Of the proposals. the remainder on the oath Of Deem
Der next
The State Auditor gives notice that all Canal Commits
soners drafts payable out OF the proceeds
TO take up the floating indebtedness OF the Sate and
dated before the ls Of January 1852 viii he paid pre-
peutaton at the department, after tho 18th Of De-
cember next
AT Chicago yesterday the OF George c. Bates agt
the Illinois Central Railroad, which has trial
the United States Court the past fortnight involving tn
right Of the defendants 70 their depot property 10 Chicago
decided in favor of the road. This s the secead
time the has been tried with the same result
The total amount Of capation paid the State by
the Baltimore Ohio Railroad during the past year was
follows
For amount withheld for 1858 .......,... o. 1888 o.
For tar on passengers between Baltimore and
Washington Junction for the nscal 1859. $500 86
For tax passt Dgere between Washington
Junction and Warrington o., s70 Al
Total. $50 9O4 IL
Being 80 per cent Of the net earnings
Allegheny county bohds have advanced in Philadelphia
n per bid mainly in consequence OF decision by
the United States Supreme Court, in the Of Wood
against Allegheny county for coupons upon bonds Issued
TO Allegheny Valley Charters and steubenvne Railroad
companies The defence overruled in all the cases.
and the Court decided that the acts Of the Lsgsa
nre authorized the issue Of bonds every caseat the
bonds were legally issued, and that tho plaintiff
titled TO The Ptsburg Port Of the oath Says
Judge Grier charged the Jury In substance that this
suit was brought on coupons gwen for railroad subscp
TONS The Supreme Court Of the State has assumed the
constitutional validity Of Eich subscriptions, aud that
| question is not one open for discussion.
10 no. tor courts 10 INQUIRE whether the subscriptions
wise upwise, but TO enforce the Law ami
tam the Of contracts Whatever regret there
might be ut tho amount Of debt that besn imposed
upon the community for railroads, IL IN too late
set up objections that ought " have been made before
the bonas were issued ana gone into tho hands OF
innocent hoiders who had advanced the money carry
The objections made in this case to recovery were
ably argued overruled. verdict given for
plaintiffs for the amount OF the coupons that have been
given, and interest the coupons from the time they
payable until the present time.
The st. Lcus Democrat of the "A says:-
The exchange market tight the supply on thc East
and South Is BY no means equal 70 the demand. Some
Institutions have sold largely the past week that they
short and have 70 hold up while: and regular
cannot obtain II easily large amounts
needed. For month yet or up 70 tho 10th Of De-
cember large sums Will be needed 70 pay interest
public ebtsdness East well upon the principal OF
maturing bonds.
Sight exchange the South is in demand 70 day,
both for purchasing groceries and In making Eastern
change most Of being absorbed In the latter way;
though will have been seem sudden decline occurred
New Orleans In Eastern exchange, the Inst In
being only x discount
The New Orleans Pi,ayune Of November "a says
The exchange market has exhibited but little variation
previous report Sterling bills ana sight checks
appear be in request ana drawers continue very firm
TRANSACTIONS in the above decor ptoDs TO day included
round amounts at yesterdays hgures and there
noticeable increase in the demand for aay other
classes We still quote clear sterling bills 1854 1922
liz per dollar; sixty day bills New York. &c, *
and "a per cent discount; sight, u per cent dis
count