The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1862-06-20
FINANCIAL AND CONNER GAL.
THURSDAY, june

call at per cent. Certificates Of public indebt
edness, 1905 n; green back demand notes, l0a
u. Commercial paper IS per cent. An un
defined feeling Of uneasiness prevails in financial
| circles, and tends TO check business.
| Exchange is frmer, without transactions
Bankers bills on London are quotedat M7ls lis,
and on Paris at 4.S71I 400. Gold advanced this
morning to 1867, sold in the afternoon ut 1867
| and closed 1O6A bid. Some of the foreign houses
which received stocks for sale are buying gold for
the purpose Of remittance; at least one Of the
cessful bidders for the State loan was likewise
buyer this morning. The public continue to sup
ply the market with considerable freedom. Every
bank and money broker receives parcels of gold
from the country daily. People who are
wise are selling their gold and pocketing the pre-
MUM 1t will sell, in all probability, at per
cent again within few days. Ruraor asserts that
the new Treasury Note bill will encounter unex-
pccted oppositionin the Senate.
The stock market was very active to-day; the
course of prices was at first upward. At the
morning board the skies of 1881 advanced "a,
Tennessees "a, Missouris "a, Pacific Mail "a, Har-
lem preferred ~, Michigan Central "a, Michigan
Southern "a, guaranteed ss. Galena n. Toledo "a;
the only exception to the market was Rock Island,
which declined n. There were large sales of
railway bonds, which, according to public rxnor,
came from Europe yesterday in the China The
Importation Of American stocks from Europe for
sale here Is likely to lead, before long, to an
equalization of the prices current here and abroad
Our prices. are probably too high in some iur
stances, and ,he European prices too low. At the
close of the asst board decline was caused by q
rumor to the effect that Secretary Stanton had
called out the entire State militia of the North.
Explanations rendered the story less alarming,
and q rally easued. At the second board the
market was lower on all descriptions. Central
sold at 934, s1d the Western shares were all
down. At tie close the market was I'M
settled, the following being the last quotations.
United States SIS, registered, 1881, 1929 x;
do. 6's, coupon, 1851, log a Is; do. SIS, 1874,
961. . 81; Treasury notes, $40 per cent, 1O5ss
> III Tennessee cfs, 5s1a 5s1s; Virginia SIS,
"a 561,; North Carolina 6's, 1874; Missouri
SIS, 515x *; American gold, 1868 a "a; Pacific
Nail, lis "a; New York Central, 937s 90;
Erie, 3714 "a; do. preferred, 645asa a; Hudson
River, Az %; Harlem, II ii; do. preferred,
A21l "a; Reading, 5G1l 81; Michigan Central,
90 n; Michigan GDuthern and Northern In.
diana, 2G54 q; DO. guaranteed, 62H "a;
Panama, l36 1877 Illinois Central, S2H n;
Galena and Chicago, ~ ~; Cleveland and
Toledo, 465I . AZ; Chicago and Rock Island, 66s4
u; Chicago, Burlington and Quincy, 1874 ia;
Milwaukee and Prairie du Chen, "a II; I'LL.
noss Central bonds, Us, s611s q 81.
The Indiana bond affair has been before the
Grand Jury for several days, and Q large number
Of witnesses, including the agents ofthe State of
Indiana, have been examined. Mr.. Samuel Hal
lett, whose name has been mentioned in connec-
ton with she affair, sends us the following CARD
To Tns PvBIac.-various rumors have recently been
SsDs va bonds nv Connection with the bonds Of
that State commenced by my receiving them In the
regular Of business as conaerss for advances
made and money loaned faith or those instru msnts
afterwards TO secure money borrowed, Ihypohecated
OF .hoa, and when IL was deemed necessary that
q number Of ,heH should be retired coopsstcd in Of
rscting result, with the legally authorized agents Of
thcs.ats oil Indiana. The idea has been IN some way
eony eyed 70 public that thass bonds rraudu
lenlly circulated, and the charge hes been made
that .he authorities OF Indiana, knowing the
bonds wer. Improperly lssssd' took n. Steps to
ed the blc The result Is that the Grand jury have
been indncsd understand. upon an ursvGn and in
formal communication without any complaint charge
icfore magistrate, TO investigate thsss matters and
tsss proceedings are secret, and Alley rsseys only
testimony croin the prosecRion and no accused party
bs heard before them, IL not impossible that on
mrlset mlsrspfesensd ztae Of facts presented
to thSm they may and en- na,ctnens AGAINST those -
thus attempt inplicate No Indiana State bonds
/ have srer reached my hands which were not in the
usual and regular form u tbuss admitted % be valid OBJ
legations IL Is net pretended that any signature at
tssta.oE essential their legality is wanting that
n sad that though legal and binding their face hsy
arc Invalid because they wsrs issued '-n excess vf
boritvn This il not the first time that cations In
formally or rrsgusrIy issued have to the posses
sion business comm unity and nssd not say how
frequently similar nformalities or irregularities hsve
failed 10 prevent obligations being enforced. In tho
p,sost instance advised by COUNSEL thai the bonds
alleged be void are valid and legal Obligations
binding the state or Indiana and that whatever OBJ
iccAo may by any possibility have existed in reference
10 the original issue tho bonds by the state agent has
removed by the fas that the authorities OF lndaoa
have with knowledge Of the cirouns iauces, permitted
the very bonds ciarned 10 he invalid TO be trans,
fsrred 1t the agency and others issued in their pacs
and otherwise and in all respects treated and recogn-sa
them as bonds properly and lawfully issued From ,nc
| morleat when I Understood these bond transactions
wore be investigated, hays NEST earnestly desired
being assured that having an opportunity TO explain,
could satisfy any tribunal that so far as am concsrn-
ed nothing culE able could be imputed 10 me IN such
transactions but reasons slret dy stated, could
eject what so much desired Tie Grand Jury cannot
pcaisd and as no originated any proceeding against
me, had no sppsrtunhy whatsoever 70 present an sx-
1s, o. cs ss " IN, n Jsnusrp a sa' ale. hsa
hypo,hecated many Of the bonds nov aieged 70 have
been created sacient authority and after thu
arrapgs ent Cor retiring bonds as above mentioned had
been made purchased directly from the authorities Of
the state indiana aad paid tor two hundred thousand
dollars worth Of rs ststs bonds, in all respects upor
their face ike those which alleged TO be invalid
II any banker merchant broker having paper which
was sstensby genuine should find himself suddenly 40
eused OF injustice dealing with II, subjected thu
| inouisiton or q grand jury because such paper WA
alleged 70 have been issued under circumstances which
in law might make II invalid - against the parties 10 IL
he v suld occupy just such position As now hold.
have no apprehension Of any consequences which maj
attach 10 personally som any action or the legal aa
thorities and am prepared 10 and meet every
| thing which nAy be alleged against me, and have
fear that the Judgment Of fair minded lnon will hold
ansnnbe FOR anything which have IN the trsnsac
ton which have felt called upon thus publicly notice
JvEE IS, 1863. SAMUEL HALLETT
The business Of the Sub.Treasury was as follow
to-day
Total receipts. STl1 ,16S
! For customs. 1871 900 0
| raymsnts.... 2,se3,l35
Balaucs. 15,25l,s13
The exchanges at the Bank Clearing House thi
| morning were S27 ,537 ,2O7 ~, and the balance