The New York herald., 1864-11-27

Z
li3 r M.......... 22o4 800 M.......... 223As
Rumor gave place to surmsc with respect 10
shermans movement and prospects, but although
these we're generally considered TO be highly favor.
able. tie tendency OF the premium was upward un.
Ger the pTeponderance Of speculation on the "bu"
side. Many have bought under the impression that
the short interest will he sufficient TO sueiain fnot
advance the market temporarily, and the Shipment
Of nearly million and half in specie to-day en-.
couraged operators Tor a rise. OF this tile City Of
London took out 81 349,i03 and the Boruasia
$la0,O00.
The foreign exchange market is dull as usual on
Saturday. The rotations for bankers sterling
remain at lo9H for sixty and ll0s4 Tor three days
bills, while merchants bills are offered al 1917. q
1887. and rancs at 5.9a
The supply OF oanable funds is in excess Of the
demand. but lenders are reluctant to reduce their
rates in view Of poss Bile contingencies and the
opportunities for employing capital in speculation
in gold and public securities. Only exceptional
transactions made at six per cent on call. the
ordinary rate being seven. First class CONNER.
cia paper passes at from eight to eleven per cent
with disposition towards increasing ease ia the
discount line.
The decision in the United States Circuit Court
yesterday, in the case OF Kimbrc vs.. Colgate and
Hoffman, is Of interest to gold brokers, and
warning to spectators who would place their trust
on point of law. The declaration set up that in
October, 1868, the defendants made . three days
contract with the plaintiff to bny and sci! specie,
which was not in writing, and consequently not
stamped in accordance with the requirements OF
the Internal Revenue law OF July /, 1S62, and sec
ticn four and live of the act amending that
Morr nv h:oh
plaintiff had acquired right of action to recover
back the sums paid to the defendants under the
contract, and which. in the aggregate anouuted
TO s22,s37. To this the plaintiff demurred, stating
that by { e one hundred and seventy-third section
of the act of Congress OF Goth of June 1864 these
sections Of the act of March 8, 1868. had been
repealed. and that their repeal took away the
foundation of the plaintiffs cause cf action; and
they cited, to sustain that position, Butler vs..
Palmer, Hill: 32l; Tho People VS.. Livingston, 6
wend., 526; How. Pr, l42; i'd, 2sl; 4 Moore
l.. P. SAL; 26 Barb, %; l5 N. Y. g. s5, $50, 25i;
l3 How. U. s. Rep, 429.
The plaintiff claimed that the cause Of action
was saved by that clause Of the one hundred and
seventythird section Of the act of June 90, 1864.
which provided that The act Of March 5, ls63, and
other acts sLoulS be still in force 'for carrying
ont and completing all proceedings which have
1een already CONNER ced, or that may be com
lcnced, TO emf re es, penalties ios.eicre- and
DrnlinSl proceedings under said set
The judgment OF re cuurs vas verr r-.-,r-iy
),r tie defendants, in the following c,rds:.-
As the money was pad uncer msas IN vic'a-
zion law. tlere ground Tor ibe recovery q !:
back ou the principles OF the law toe
etauts winch eavo Inc remedy has been esie1 the
scioD suit upon established principles NJ ast
fall with the repeal
Tue cnnstlui, uaty or these section. OF The &c, OF
Cougfess ubnesk requisite private contraits be
tween udlviuals ia ne state has been d,scasse but
as oitpose o; Independently OF tnis quest!
q j. impotaut exsmoe II. We mention tots for
ine PURPOSE Of ssyug that We do mean BY thus dis
posing u the 10 leave auy impllcation OF opinion
10 favor thsE constuutionsiity.
The following vas to.days business at the Office
Of The United States Assistent Treasurer
Total rece'rts s2ts3ef5 ~
fota payments 2.7I $40 20
I0ta ~ ,44b.'ls ~
1be re,t pts ,ic.. 90 Tor Gust ms...... Issooo %
Suhscrrtors 10 government losu l,3e2 600 90
Tie Massachusetts Legislature will be pel!c, ned
this winter for privilege 10 construct railroad
from Stafford or Rockville in that State to Spring-
fed. The enterprise has been talked Of iur seyc-
raj years. The advantages of the connection
which would thus be made would be principally
the establishment Of more direct line between
New London and Montreal and between Proyi.
deuce and Springfield. Stafford is on the New
London Railroad AID Rockville on . branch Of
the Providence Lailroad, which two cross al Wit
lmantc. Each il distant aboat seventeen miles
from Springfield; but Rockville seems 10 stand
the best chance Of the two, being larger place
than Stafford, and the proposed route would run
through the thriving village Of Ellington and
thence through Somcrs street and East Long
Meadow But Stafford, with its heavy manufac.
turing interests, he's its advantages.
The deficiency in the receipts Of wheat this year.
compared with last Of Miiw aukcs, may be seen in
.he following table,
Ev,i,i..
Receipts from SCOT, 70 Nov. IT, lse3.....b T37 s57
Receipts Sept. o. Nov. II, ,t6a ee1
.....................40 a or .5si
ghe total value Of the imports, other than dry
goods and specie, at the port Of Now York FOR tho
week ending November "a was 81, ,s97 $50.