The New York herald., 1866-09-29
HERALD SATURDAY, s
and Parmleo sll 50, New York Cod s. SO Canada Cop

and Parmlee sll 50, New York Gold az 80 Canada Cop
per Soc #.
The Treasury Department Is LONGER willing con-
ver seyenthtes into The bonds present outstanding
but alIrsion il made in the following official letter 10
now issue Of bonds for sueh purpose These, however,
viii not be sold for currency but merely received In
change for seventhrty notes.
TREASURY DEPARTMENT. I
WASHINGTON, Sept 20, 1865. I
Sns-Yours OF the 25th Is az hand, aud contents Doed
The June and July thirtes present
vertible. Those OF August 1884 convertible on the
Terms eescrDea py you th , allowing hll accrued "a,
teTest on the seventhrties, and charging accrued
interest on the hvewenties from July % the day or
conversion, both In crrrencyl except tha. the i've.
twenty bonds 10 be issued hereafter Will boar interest
from July and not from MAY !, 1856. am, sir very
respectfully, W. HARTLEY, Assistant secretary.
To j. THOMPSON National Currency Bank, No. Wall
street, New York.
The Auditor Of this State has written the following
letter 70 the Comptroller in reference 70 our canal
finances
STATE OF New yoRK, CANAL DEPARTMENT,
ALBANY, September 20. 1866
The Honorable THOMAS HIIAousE Comptroller
DEAR sIR-As $500 600 of the principal Of the Float
ing Debt loan called contracted under the act chap
ter 2Tl, laws Of 1850 paid OF IN July last, the tax
heretofore levied, OF onefourh OF mill tho valua-
ton, 10 repenish that fund may with safety and pro-
priety be reduced 10 one eighth Of 4 mill. have great
pleasure In notifying you thai the surplus or
the state canals the present fiscal year will be sufficient
10 pay all tho claims for interest on the sinking FUND.-
under section 8 article Of the constitution for the
fiscal year commencing the first day OF October next
and therefore, IL will not be necessary 70 levy the tax
OF f690 900 contemplated by the nct chapter 1856 laws
Of 1906 pay the accrung interest against that fund
Very respectfully yours, n. 5. BENTON, Auditor.
Respecting the Western Union Telegraph Compnny's
stock Rochester paper evidently officially inspired 70.
marks
In view OF the or the Atlantic cable,and the
complications to which give rise the directors of
the Western Union Company, at q recent meeting 10 the
city OF New York adopted plan permitting such bold.
Of Extension stock should ht 70 avail them
selves of it prior 10 February i 1867, TO sur.
render their stock and take the bonds OF the
company In its stead The which
such exchange may be made are briefly follows .-
The payments hitherto made on that stock amOnnt
10 $25 per share. To this added 50 Tor Interest,"
making S27 per share call Of 50 per share made,
make the aggregate Of So per share AT that the
company proposes 10 receive and retire tho stock issuing
the bonds Of the company at ninety cents the dollar
in lieu ot IT, The exchange may be made now, al
time prior TO February |, paying the call above
referred othe bonds to draw interest from the date
exchange. II is supposed that the call made viii
complete the line and fnrther, that teegraphc
ncatlon with Cana and Japan VII be established By the
time the Extension line IL completed Those Two coun
tries alone viii furnish all the business cessary 70
make the Extension errrise Of the most
ful ever devised II will be understood Of course TINT
il = optional with every stGckholder 10 exchange for
bonds or TO retain his stock
In estimatinr the future OF the cotton trade In this
country following statistics OF tho condition Of the
Liverpool Market taken from the Cotton Brokers'
Circular Of June q and September will be found
full -