New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1862-05-26
The market for gold is firm, at lcsi 1904, Will

The market for gold is firm, at l0st q l03a, with
considerable transactions.
II 10 stated that the Hudson River bridge case Ia,
taken such form as makes it certain that the brdcs
will be built
TIE Board of Brokers to-day heard partial report
from the committee appointed to examine the ones.
ton of the over.ssue Of Indiana ves and voted not
to call that security for the present. There W..
however, good demand in the open Market sni
sales were made at S0asI. Nearly all the over.
issue stock has been called in and destroyed and ths
credit of the State is not injured. The committsss
report did not contain any facts not already made
public.
Annexed is Q copy Of letter from the Secretary
of the Treasury, in relation to repayment Of oye.
paid duties, to which we allnded yesterday:
TRz,suRY DEPARTMENT, May 81, Isa
SIR am In receipt OF your letter OF tho 18th instant "a.
closing clifton FROM prominent Importing merchants Of is
the pay Of all dues rzcsp. interest and public az
modified to permit the payment Of oil cheeks drawn BY the
Collector Of Customs for excess OF unasceraed dnesn
notes of the hr-t issue or coin.
Their request termed reasonable and jus and Jon are
hereby auhorz-do pay all checks drawn by the Coscyr
which shall tho words for Of deposits for
sscer'sned due" in such money receivable for duss
at iAs Custom House.
MI" s'I r. GfaAsE.' Sec Of .be Treasury.
j..
The overissue OF Indiana v cents, which has
been the principal topic of street conversation to-day,
was begun during the agency Of Mr.. C'avens, in
1889 the certificates being signed by bis clerk msn
named Slower. When discovered some six months
since by the State officers, the purity implicated
agreed to retire the fraudulent. bonds at the rat, Of
$25 900 u week, and under this arrangement, the
fact of the overissue kept from the public by al
the parties. Tbs redemption went on until ne
amount far exceeded the aggregate stated BY the
the party issuing the stock, and then forced ne
demption went on more rapidly. The amount which
has already been delivered to the State Agent nj
Cancelled exceeds 100000 and it is understood that
there are till about $4,000 undestroyed, which
is promised shall be Withdrawn during the coming
week. We hear from Col. Hudson, the prsseI
State Agent, that nothing is known 70
implicate any parties in this city criminaly
in this matter, and that everything has been
done which he has required to redeem the
fraudulent certificates. Under the circumstances,
it would seem that great deal Of hasty comment
has been INDUCED iu on the street. to the preudes OF
paties who in the absence OF proof to tho con-
trary, have right to be considered IS Innocent ~
any holder Of the fraudulent issues. H. ~ lls "ASs
of development, censure should be visited npon any
wby should the parties who have for months been
eoppizant of the fraud a, d who have withheld
from the public be allowed TO escapel 1t is stss4
that this conceamept has been adopted Under Vie
advice Of legal counsel, but this seems poor
excuse to q community liable, under such course,
to be saddled with spurious issues, which might 30
repudated at aN time. The motives may have
been good, but u permit the perpetrators Of great
fraud to keep it alive at such hazard 10 people ZEAL
ing in Indiana State stocks, whether buye" Tor IT,
vestment or lenders, was, think, very unwiss
We do not hesitate to say that under the eirrun'
stances, the State of Indiana owes 10 its creditors
the duty of prompt assumption Of the alleged
fraudulent issue outstanding, looking to the guilty
parties for the damages caused thereby.
We annex comparative statement OF The Imports
of Foreign Dry Goods aud General Merchandise
New-York for the week ending May 23, and ''res