davidaulloa/AmericanStories huggingface dataset:
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-01-04

careful study Of the above table will be found
useful in forming an opinion with regard to rail way
investments. The railway traffic of the North and
West eliminated, for time, in 1856 and 1857 Dur
ing those, years immigration and railway building
in the West combined with unusually active move
ments in breadstufis to feed the railroads with an
exorbitant business, the leading trunk roads took
in more money than they had ever taken in before.
and more than they have ever received since. The
crisis of 1857 coupled with the poor crop Of that
year, began to tell on the railways in 1858. Traffic
began to decline early in that year. Owing, how
ever to the fair corn crop of 1859, and to the be-
lef-which was pretty generally entertained by the
sapguiue population Of the the crisis was
q mere nine days wonder, which would presently
be forgotten, and Of which no traces would remain
in q few months, neither the freight nor the
passenger business Of 1858 declined as largely as
they should have DONE It was only when the short
wheat and corn crop Of 1858 was an ascertained
fact that the railways began to realize the effects
of the crisis. During the fall months Of 1853 the
the grain receipts at Chicago began to fall of, and
when, in winter time, the season arrived for the
movement of corn, It was discovered that Illinois,
Wisconsin and Iowa had little or none of
hat staple to forward to morket. Hence
steady and progressive decline in the
freight receipts Of the Illinois roads throughout
the first quarters Of the year 1859, and cor.
responding decline in the revenue of the New
York roads, which are partly fed from the West.
Nor did the mischief stop here. Immigration had
fallen Off, and the Western people, at length
realizing the catastrophe which had befallen them.
ceased to travel hence passenger receipts do
clined as largely as freights. The misfortune was
aggravated in the case Of the New York roads by
an insane competition, which reduced fares below
the paying level, and landed at least two of the
competing companies in, bankruptcy. Thus the
summer elapsed. Some Of the companies were
able to reduce their expenses rapidly as, or even
more rapidly tina n their receipts declined so that
notwithstanding the decline in gross earnings their
net profits for 1859 were as large as they we're in
1858. But Others were unable to contract az fast
as the falling off in their business dictated; and
these suffered very severely.
1t was not till the bountifM harvest of 1859 was
garnered that any Of the roads showed fair in.
crease. In the month of August, the New York
Central began TO improve on 1858, aud the Rock
Island, which runs through the faes. section OF the
West likewise showed signs OF recovery.
The Michigan and Ohio roads, and, with
the exception above mentioned, those in ll,ioois
also continued 10 show decline. In Sep.sra-
Der, the recovery became general 10 Illinois;
both the Rock Island and the Galena showed
handsome Improvement over 1858, and the Illinois
Central--uoagh under very anfavoraole circuun-
stances-payticipated in the Shapgse !. 1a1|u1e1
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-01-04
7oA, SIS Total $50 lis Total $50 a7s $50

Il will thus be seen that both our import and our
wort trade was more active in 1859 than in the
ieat year lS57-that Is to say, than in any pre-
ious year. Never since New York was city
were so many foreign goods imported at this
port The aggregate import Of foreign goods at
this port-$245, 347 ,479 as above-is in excess Of
the usual two-thirds imported at New York, assum-
ing the aggregate import Of the whole country at
$50 COO, 900. As, however, We hear that New Or
leans has been importing heavily this year, it Is
possible that the whole volume Of our imports may
prove to have been largely in excess Of any pre-
yious year. Should it turn out that New York has
. only imported her relative proportion, and that
ne other ports Of entry have received neither
more nor less than usual the total imports Of the
country win foot up something Ike $3es, 600 900.
= The chief increase this year has been in
~ goods, Of which the aggregate impo rts
this port for the year, stand at slls,.
S5a,s24, against seOOO5,2 2s in 1853, *9l.034,o47
1867, and ss3 1872 500 in 1856. This remarkable
crease followed naturally upon the light import
Was. In the later months Of 1857 most descrip.
n Of foreign dry goods sold here for less than
~ could have been manufactured abroad. Hence,
1858, nobody imported. Toward the close of
latyear the necessities Of consumers revived the
elhand, and it may be said that all the goods
zhich we're imported for the fall Of 1853 and the
spring of 1853, paid fair profit As natural con.
auence, by midsummer last every one was i'm
ring. the hanks aiding the movement to earn
dividends; and, TO add 70 the complication, the war
IN Italy threw vast quantities of European goods
psn our markets, which were thus glutted, TO the
- 'evous loss Of the importer. large number Of
~ ping, and even retail houses commenced last
-. % import on their own account, thus swelling
Eregate imports, and destroying not only
= own, but the importers market. They could
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-01-04

TUESDAY, JAN 3, 1860.
The calendar year 1859 ended on Saturday even.
ing last, and we hasten to lay before our readers
various statistical tables showing the foreign trade
Of the port Of New York during that year; the
fluctuations in money, exchange bank loans specie
and deposits, imports and exports and the price of
stocks, cotton and breadstufs; the traffic on the
principal Northern and Western railways for each
month Of 1859, as compared with the same months
1858; and the movement of prices on the Stock
Exchange.
The following tables (Which will probably be is
sued from the Treasury Department at Washington
some time in March or April next, win show how
Ae foreign trade Of this port during the year 1859
eoDpares with that Of the three previous years.
NlTAI. EypQRIS
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-01-04

prospect that there will be fair demand for our
wheat -four and corn in Great Britain throughout
the year 1850, and that the export without causing
prices to advance TO famine rates, will figure hand
somely in the trade returns for the present year.
The prospect Is equally good for cotton. Not
withstandng the very large supply, the Euro
pean demand continues, and will continue
active. France is consuming more cotton
than usual, and it is likely that the
consumption Of Germany, Italy aud other parts Of
the Continent will likewise show an increase. The
first effect Of reviyas Of prosperity-such as may
be anticipated from the settlement of the Italian
question and the permanent restoration of peace
is an increased demand for cotton. Of our other
staples the export does not vary much; it increases
steadily from year to year. We shall export in
1850 more tobacco rice, forest produce, &C., &C.,
than in 1859, just the export of 1859 was in ex
cess of that of 1885, Our export Of provisions
during 1859 was very large, and at high prices
The Italian war created a large demand for beef
and pork, and stimulated speculation in those
staples, when all other branches of commerce were
inactive. For some time pork growers havs been
receiving such high prices for their pork that it
has been losing business to buy it in the West
and ship it to Europe
The following table is the balance sheet Of the
port Of New York for the business of the pas. four
years with the foreign world
Fears Baltpsoe ay'a
1855. Exports. Imports. Neo York.
Domestic produce. $,9,2o4l95
specie ...:...... 3!,2s,168
Foreign produce. 4,4i3 300
Total export $40 POI s2ls 55s,els ss2e7o sSs
1857.
Domestic produce. Sol ,sO3, oa35
specie ............ 44,36O,lI4
Foreign produce. IL $50 200
Total export Sill, ia, 800 $50 6lsl2o liz se $40
1855.
Domestic produce. $53,949703
specie 26,o0l ,s3l
Foreign produce. 5,6ss 500
Total EXPORT. s5639, sSa 162 ,0o7 67227 ,433
1852
Domestic produce. $50, $50
Specie iv,O74l69
Foreign produce. S3l7,500
Total export slS7 ,729,,70 246 479 LOT 5ls 800
The balance against the port was heavier last
year than in 1856 or 1858, but less than in 1857
As, however, the export of cotton from Southern
ports in 1859 was unusually heavy, and the price
unusually high, the exchanges of the year for the
whole country will probably foot up as favoraby
as those Of former years.
The following table presents at one view the
fluctuations in money, the bank movement, the
foreign exchanges, and the price of the leading
staples at this point during the past year.
LIZ
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-01-04
CITY COMMERCIAL REPORT.

. TuMsAY. Jan. 8-6PN.
ASHES were quiet and sales limited at Is l2,. for pos
and at - 81 Y for pearls. f~'
BRxADexuyys-Four-The market was nrm and holders
OF some descriptions wore not disposed accept Of ast
weeks prices Inc sales embraced about 5000 Z O00
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-01-04

Exchange ~ one Of the worst ever experienced
by commission brokers. The successful campaign
waged by the board jobbers against railwly pre-
perry ach eyed the work which railway mismanage-
ment had be- m; it frightened the public ont Of
the street Never, probably, since railway stocks
began to be dealt in, has go little bona ds BUSH
ness been done in them as in 1859. 1t was at oae
time mooted among the old commission
houses of the street to adopt some mea-
surss to prevent the seemingly impend-
ing destruction of their busnev. Some
proposed to throw open the meetings Of the board
to the public, as is done in Paris. Others were for
other plans to check the ruinous proceedings Of
the organized bear jobbers, who were destroying
the credit of the entire railway system for the sake
of their own operations. Nothing, however, waa
done or even attempted, and the evil, as we have
seen, corrected itself. When the tide turned, and
railway business improved, the bears broke. The
history of the year should, however, teach those
houses which have commission business the dam
ger OF suffering the board to pass completely un-
der bear sway, that occurrence Is sure to put an
end to outside business There never would have
been so great collapse in stocks as was seen in
1859 had not some, at least, of the commission
houses afforded countenance to the jobbers.
TUESDAYS P. n.
The stringency in the money market continues,
owing to the shifting of loans and the New Year
settlements. On call, money is seven, quick and
occasional loans were made today at even higher
figures But there is no very active demand from
the merchants, and as soon as the usual dividends
and interest, &c, paid the street will undoubted
ly obtain supply as large as it needs.
Foreign exchange continues very much depress-
ed. The leading drawers ask 1904 for sterling and
STA lsl for francs /; but very good bills are in
the market at 100, and 5.2Oa 2ll. The mail on
Wednesday will be large. We hear Of no specie
to go by this opportunity.
The stock market, usual after the holidays, con-
inues depressed, and sudden calls for money caus.
ed some depression in q few stocks Central sold
as low as GAG this morning, closing 641 bid. Gale
ma was done as low as 64S it closed 64s bid.
Missouris were better they were in demand
at set, or interest, equal to s3!. The general
impression appears to be that after the present
squeeze in the money market subsidies, the market
will wear more cheerful appearance In the after
noon stocks were inactive, and closed dull Mt tho
following quotatiOns:-Virginia 6's, 904 1; Mis-
souri, 6's, sOt /; Canton, l6l ia; Cumberland
Coal preferred, Is a ]; Pacific Mail, 76 a 4; New
York Central, 74s Z; Erie, 81 z; Hudson
River, Al az; Harlem, 81 0; do. preferred, 334
"a; Reading, 424 a 4; Michigan Central, 37k a 80;
Michigan Southern and Northern Indiana, 81 q 4.
do. guaranteed, l6s all; Panama, 1861 {; Illinois
Central, 57l a 4; Galena and Chicago, 643 q 4;
Cleveland and Toledo, 19i al; Chicago and Rock
Island, 62s a /.
The following was the business of the Sub Trea
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-01-04

over December, 1857.
The Illinois Central Railroad earnings for De-
cember were $l94 600 against 1888 ,sSs in 1868, an
increase Of $4,000. The collections in the Land
Office were SCI $40 in December.
The exchanges at the Bank Clearing House this
morning were $35,24O,344 92, and the balances
81 500 6l7 "a.
The following dividends have been declared
The Hanover Fire Insurance Company, a scmi-au-
pual dividend Of six per cent, payable on demand:
the Market Fire Insurance Company, semi-annusl
dividend Of ten per cent, payable on demand; the
Nassau Fire Insurance Company of Brooklyn, q
semi-aDnual dividend Of ten per cent, payable ON
demand; the Mechanics Insurance Company of
Brooklyn, seven per cent; the Mechanics and the
Manufacturers Banks, both of Brooklyn, five per
cent; the Phoenix Bank of this city, three and
half per cent, payable January 8; the Market Bank.
three and half per cent, payable January 10; the
Grocers' Bank, three aud half per cent payable
January o; the New York Exchange Bank, four per
cent, payable January 10.
Sa:terthwaite, in his last London Circular, says
Since last there has been an improved tone in tho
character Of the market for American securtes United
States and other State stocks remain quite firm Money
for investment continues into New York Central and
Pennsy vania Central bonds Michigan Central bonds arc
more inquired for The for reorganizing the
Erie Company makes rapid progress-he improved earn
pgs mpart great confidence In the future affairs OF this
concern; there circumstances have Induced buyers OF an
clnsses OF It's recrites The market s quite cleared OF
fret and SECOND mortgage bonds the thirds are vert arm
at IS TO &C. Illinois shares have improved 81 discount
a. whichproc however, they close sellers. The recent
advance ia Erie shares h not fully mantanedthey cloe
sellers at IL discount Money very easy Conso close
o6x 70 e ex'diyidend for account
Worcester daily spy., 1860-08-06
North Carolina EIection.

PETERSBURG, VA, Aug. 4.-Returns from
North Carolina come in slowly. Ellis major
ity in Granville county, $50. and democratic
Legislative ticket elected Hartford county,
reported gain tor Ellis of 1876; Warren county
gives an increased majority against Ellis, and
a democratic legislative ticket chosen Halifax
county gives Il gain for Ellis Carroll county,
Poole gains slightly; Usage county, Poole
gains 200; Rowan county, large gains for
Poole and Fisher, delegates for the senate-a
democratic loss Wake county, Poole gains
$50; Forsyth county, large gains for Poole;
Randolph county, small gain for Poole Re-
turns fran Washington, Chowan, Pirquimas,
Bertie and Tyrrel-in Smiths (oppoSitionl
congressional district-show gain of over 400
for Poole, as compared with the vote OF 1858.
Poole, as far as heard from, leads Ellis lO6
votes.
Latr.-Orange county, Poole 1888, Ellis
11O9. The whole opposition legislative ticket
is elected-a gain of two members. Wayne
county, Ellis 1874 Poole 402.
The losses and gains are estimated by the
vote of 1858 between Ellis and McRae, when
the former was elected by 1885. The gains
for Poole are heavy, but insufficient to affect
the result Well informed parties give the
state to the democrats by 5000 to 10000 ma.
Worcester daily spy., 1860-08-06
AW SCHOOL OF HARVARD COL

~ LEGE-The Next Term Will commence SEPTEM-
Der Sd, 1860 For Catalogues and Circulars, address
JOEL PARKER, Royal Professor,
Cambridge, Mass.
Cambridge july 1860 DIT au2
Worcester daily spy., 1860-08-06
Washington Items.

WASHINGTON, Aug. 4.-By the arrival of
Mr., Dimtry, secretary Of legation to Cos
ia Rica information OF the full ratification
of the grant of railroad right to Ambrose
Thompson, is received, it having been ap-
proved by both houses Of the Costa Rican
congress on the 4th Of July. The grant is Tor
eighty years, the road way to be three hun
dred yards wide, alternate sections being given
said railway of mile square, the remaining
sections being retained by the government
Ports at each end ofthe road to be free through
out the term OF location, to be between Bay
Coranda and the Granadian boundary line on
the Pacific, and Point Cavta and the Grana-
dian boundary on the Atlantic Surveys to be
made within two years, and the road to be
built in six years thereafter. The grantee to
maintain efficient police along the line to pre-
serve order, aud troops OF government to be
carried tree, but no foreign troops or muni-
tions of war without consent. The Costa Rica
road cannot be transferred to any foreign gov
ernment. The same charter is giveu for or
ganizaton as to the Chiriquy Land CO. six
per cent. OF the profits to be paid Costa Rica,
and $40, 900 to be deposited within year as a
guaranty that the road will be built, to be re-
turned when the road is completed.
The steamer Bebbi, with the eclipse scien-
tific expedition, after meeting with great sue
cess had coaled at Sydney, N. s., and sailed
for New York.
Worcester daily spy., 1860-08-06
by THE AUsTRALAsIAN.

New YORK. Aug. 1.-The Australasian ar
rived here at six o'clock last evening, with
one days later news.
LIVERPOOL, Wednesday.-T sales of cot
ton to-day were 5000 bales. Market un
changed.
LONDON, Wednesday closed at
938 and 934.
The Australasan passed the Edinburgh at
f. nine clock on the evening of the 25th, bou.d
to Liverpool, and on the morning of the 18th
passed the Persia, for the same port. Three
Dutch STar steamers had been ordered to Bey
rOut.
Garibaldi had captured Metazzo. The
king OF SARDINIA had resolved to send an auto
graph letter to Garibaldi requesting him not
to attack the continental possessions of the
king OF Naples.
A Mormon conference had been held at
London. Brigham Young was elected head of
the Mormon church.
Eleven thousand French troops had gone to
Syria, and $500 English troops aud fleet of
ships were going. Ab-delKader is spoken of
for governor of Syria. Napoleon had gone to
Chalons Camp. The kings of Saxony and Ba-
varia would not participate in the Toplitz con
ference.
The British military authorities have recon-
mended an increase of the army.
Parliament, expected to adjourn the third
week in August,
LATEsr.-The Post has a telegram from
Paris saying everything tends to the belief
that Garbaldi was directing his expedition
against the mainland, but the rumor needs
confirmation. Lord Palmerstons speech on
the national defences caused great uneasiness.
The Daily News objects to the proposition as
part of the plan which the ministry had not
the courage to disclose. 1t says nobody
doubts but what the inevitable sequel will
be large increase of the standing army.
Worcester daily spy., 1860-08-06

WASHINGTON, Aug. At is reported, as
coming from the secretary of the interior, that
there is trouble about the accounts OF Mr..
Forney of Pennsylvania, late superintendent
of Indian affairs for Utah. The prospect is
that there will be heavy balance against him
upon strict investigation of his affairs. The
report is current that charges have been made
by Forney for things purchased in open mar.
ket, which are greatly in excess of what was
really paid. Whether these charges are well
founded or not will only be known when the
force Of clerks detailed to examine his accounts
shall make their report
Worcester daily spy., 1860-08-06

COTTON quiet sales triaing at lOsc for middling up
lands F
FLOUR Receipts 1851 bbIs; sales l4.sOO bbs; State
and western without striking change; superfne state
S5JV sou; extra state S525 g 535 round hoop Ohio
good extra western 20 a 5,35 southern unchanged;
extra $500 a. $50.
GkAlN;- meat steady with moderate export demand
sales 10000 bush Milwaukee club $l20; new red west
ern, sl25; white western Sl2T q 1872; white Canada
$250 l,2i for poor. Corn dull and unchanged; sales
lS6OV bnsh mixed western $40 629 round yellow 66c
PKOFlSlONS-Lari and firm; sal5s 4jO bbls 100 kegs
at l34c bbls l24 l33c. Whisky quiet 35g at
2c Sugars quiet and steady sales 270 hhds Muscovado
. at 81 a 7fc; Havana 20 boxes at Sic
Worcester daily spy., 1860-08-06
RY THE KANGAROO.

ST. JOINS, Aug. 4-rhe steamship Kan
garoo, from Liverpool f25th, via Queenstown
26th, passed Cape Race at IL P. NJ. Friday.
She was boarded by the news yachts Of the
associated press, and a summary of her news
obtained. The steamship AngIo-Saxon from
Quebec, arrived at Liverpool. Much of the
Kangaroos report is anticipated by the arrival
of the AuStraaSian.
GREAT BRITAIN.-The house of commons
had adopted a resolution placing the mails and
other contracts in future under the contract of
parliament.
FRAxcE.-The Paris bourse fell half per
cent under Lord Palmerston's speech The
rentes closed Oh the 24th at 81 and so francs.
NAPLES AND SICILY.-The Neapolitans had
evacuated Messina, Melazzo and Syracuse,
and were being transported to Naples.
twas reported that GaribaIdi was preparing
for descent on the mainland, Revolutionary
demonstrations had taken place at Naples.
SYRIA,-lt was reported that a conference
would be held at Paris in relation to Syria.
The porte had notified the western powers of
the conclusion of peace between the Druses
and Maronites, but promised nevertheless to
act with the utmost rlgOr against the authors
OF the late massacres,
1t was reported that thu, porte had protested
against French Intervention, and that the eX-
pedition was stopped.
~ Latest via Queenstown.
LONDON, July 26 The Daily News city ar
tice, dated Wednesday evening, says the
"funds to-day were tirmer and closed at an
improvement of Sc. A rally occurred on the
Paris bourse this afternoon, but was not gem
orally known till after the close OF the stock
exchange"
The other markets were also frmer, and
there was an almost general advance ON Brit.
ish railway stocks.
Advices from Paris state that the firm of
Greenvie, ia the hide and leather trade, had
failed. Liabilities 9120,000.
A Paris telegram says the Sandman gov
ernment consents to support Garibadi in a
proposal for six months truce between Naples
and him.
The opening prices for consols to-day are 934
a 93s for money and accounts new threes 93t
a93$
QUEENsrowN, July 26.-The steamship
Edinburgh, from New York, arrived this
morning.
The kangaroo has Al cabin and 245 steerage
passengers.
Commercial.
The commercial news is mainly anticipated,
the dispatch via Queenstown having failed to
come to hand.
LIVERPOOL MARKET, -BreadStuffs, fper
Wakefield, Nash, & Co.'s reportl-Flour ad,
vanced Cd, Wheat firm, and advanced LAID,
Since Friday, holders demand an additional
advance, which checks business. Corn dull
but steady. Beef heavy pork dull bacon
quiet lard buoyant at 6ls. Cd. for prime tai
low quet-North American 54s.a54s Cd. /;
sugar steady coffee do; rice and ashes were
dull
Worcester daily spy., 1860-08-06

Persons calling for the above letters, will please say
they are advertised. Il. BANISTER, Post Master.
Worcester daily spy., 1860-08-06
Child Abduction at Nahant.

BosroN, Aug. o. The Rice child, the Gus
tody OF which was contested at law by the ia
thcr and mother, and decided in favor OF the
father, last week, was abducted from a private
school at Nahant by three men in disguise
Saturday, who menaced the teacher with
clubs. A reward of $500 has been offered by
the father for the arrest of The abductors. A
Mr. Nickerson, u stable keeper in this city.
was arrested to-day, on charge of being one
of the abductors, and was put under bonds OF
$4,000 to answer tomorrow. Mr.. Rice re.
sides in Baltimore and his wife, formerly a
Thorndike, in this city. There is considerable
eXcitpmpnt
Worcester daily spy., 1860-08-06
Political.

Brunswick, Me-, Aug. GA republican
mass meeting was held here yesterday Ad.
dresses were made by Hon. c. }. Gilman, Gov.
Morrill,, Hon. Israel Washburne, Jr., and c.
G. Woodman. 1t was largely attended.
RocKLAND, ME-, Aug. 5,-The democrats
held meeting last evening, and were address
ed by Hon. Il. X. Smart aud Il. w. Johnson.
The meeting was large and enthusiastic.