davidaulloa/AmericanStories huggingface dataset:
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-05-21
FINANCIAL AND COMMERCIAL.
SUNDAY. Nav 2O-6 2. N.

SUNDAY, May 2o-6P NJ
Thu mast week has demonstrated the altered rela-
tious which monetary Affairs in the United States bear 10
those on other side Of the Atlantic arising from the
fact OF our trading paper money instead Oh Inc
normal specie basis. At the opening OF business on
Monday had Of panic on the London STOCK
Exchange greater severity than had been experienced
for nine years as also on the Paris and Frankfort
Bourse But apart from shade OF uneasness, lasting
for about an hour, the news had no elect upon the
stock market while failed TO inspire the slightest dis
trust among money lenders Yet the Bank OF England
had advanced its to per cent nvetwenties
had declined to o7l and consos TO $50 4, while all
other securities foreign and domestic, with single
cepton similarly depressed. Notwithstanding oil
this government godbearng securities in this market
nearly steady and the only direct effect of the
advces to advance gold TO 1904 and the rates Of
exchange on Europe about n per cent The sub.
sequent foreign news has been hardly more
favorable, and the gold premium would
doubleday have continued rising but for sales Of
at 1907 by the Sub Treasury tho aggregate dis
posed of by it during the week being estimated at ten
millions
OF the danger of this policy the part Of the govern
mont there can be but opinion. Should the Euro
pean news fail to exert favorable influence upon
exchanges within the next few weeks there will
be a large and steady drain Of gold from
stimulated by the low price at which the Treasury
Is willing to sell it. The government can
under present circumstances hold the premium in check,
because has still forty millions OF coin left after pro-
vidng for the whole of the May coupons but with
ports of specie the rate Of nearly nine Millions week.
how long could the Treasury retain control Of the
ke. MEANWHILE by keeping the price low In the face
of heavy foreign demand 1t encourages larger ex-
porations than would otherwise be ventured upon
I'm m hond no 1tv
met with pacific solution and Europe subside
Into its ordinary tranquility harm will have been
by these Treasury sales of gold apart from tho violation
principle But the danger which the practice Of the
government thus indiscreetly assuming control OF
thing which may pass beyond its control involves should
render II cautious in its operations We have desire
20 gold any higher What is most to be desired Of
it is steadness; but to insure steadness for week
month must not voluntarily incur the risk Of
having il go much higher afterwards than II otherwise
would thus disturbing values and provoking the evils
at was our intention 10 guard against
AS natural consequence OF these sales and the dis
bursements account Of the fvetwenty May coupons
the supply Of coin for delivery had boon equal
mand and loans have generally been made without in
terest The range of the market during the current
month has thus far been from 1855 1904 since
tho common cement nj tho wear thus
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-05-21

The Spanish War-Kxposttion OF the
Causes Leading 60 the War with Peru
The Observation-Disclosures from shs Ma
tional CapissI-Latest News from Msz-
ico, Central America, the West Indsss,
&C., 30.
Tho cunard mail steamship China, Captain InglIs, will
leave Boston on "Wednesday, for Liverpool.
The mails for Europe win close In this city al qusrsr
past one, and ct hAfpsst i've o'clock tomorrow after
noon
The NEW Yosx HxRAa.D-edition for EuroPe-win DO
published at eleven O'Clock to morrow morning
Il will contain AN important Diplomatic Circular
from the Peruvian Secretary Of Foreign Affairs giving
IN Exposition Of the Causes leading 10 the War between
Spain and Peru; --latest Intelligence from the National
Capital Accounts OF the dongs Of the Fenians and OF
the movements Of Hcsd Centre Stephens Latest News
from Mexico, Central America the West Indies &o and
accounts Of all Interesting events Of the day.
Single copies. in wrappers, ready for mailing. SIX
cents
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-05-21
The Freedmen's Bureau from . Radical
standpoint.

IFrOm the Pntladclphin north American (ISec.lI
In North Carolina the Developments were somewhat
singular. There the agents Of the Department were
found be interested in working plantations using the
governm mt raons and commission specify instances
in proof As Generals st edman and Fullerton could
mems Bureau officers in Virginia and North Carolina
and are generally respected a honorable ofccrs, We
arc bound w 70 scc' 1sos statement s.y ss reliable
county. Captain =. A. soelcy, another agent. works
Grams Commissary Of Subsistence has an interest in
Pitt county plantation. All these take the freed
sappyias them with government ratlons and ciosnins
settl ment OF four thousand persons, opposite New
bern, Is the scene OF deporabe misery and want and
being arbitrary, despotic and cruel He levied tax
each ground rent which in heavgrcsatc amounted
thousand dollars according TO his statement but how
much money he really collected doubtful the super
intendent seemed disposed TO shield him. A freedman
who stole provisions from this fellow was shot and killed
while ing 70 escape from perSrmisg The penalty
inflicted him u digging on secleys plantakton Prac-
tcaIy these poor blacks seem 10 be bondmsn to the
agents Of the bureau. case n mentioned Of . sub
agent, named wickershan, who cutvates n plantation
near Wilmington and makes the freedmen work II,
punlshing rccreants with the ball and chan.
Hut il Il unncr 10 multiply these instances The
revelations msds by the commissioners realize all our
worst p. ns prs .o 49,. o.
whole system Ia rotten 10 the core. was 70 preserve
the freedmen from tho very evils herein specified that the
humane republicans In Congress upheld the Burcan and
that the cupidity cf roEues in occ hes converted
tho system hcnous inquty We sre glad that the
Presiept has promptly intercred The commissioners
having the abolition Of all civil machinery
OF the Bureau In Virginia and North Carolina and ia
transfer 10 the ocers OF the army the President has
ordered the change 20 Be made. We know nothing Of
the Department beyond what reed in this Official
port, but having confidence In the commissioner,
we are pleased 10 thor recommendations carried Into
effect Gensesl Howard disposed 70 shield his
agents. and alleges that Of Thorn the victims o.
preudlce and false repora But Is very creditabae
10 The General himself that he should have permitted
such state Of things 70 grow up In the department
under his charge Whsn General Grant made his sour
through Virginia and the Caronas he 70 the same
conclusion That Generals Fullerton and 6teedrnAn now
ave and a. latter simply propose thae tns manage
mcut OF the operations Of the Bureau shs b. Transferred
20 the army Officers who under the orders a. Gone
raj Grant, heartily approve and endorse the psoposi-
ton Whether The abuses described true not We
are convinced that the freedmen mus learn 70 get along
nov In Of freedom without being fed and clothed
BY the government This state q dependence mus have
a end.
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-05-21
MARRIAGES AND DEATHS.


cAsnx-Norr. On Saturday, May 10, nj st. Lukc's
pssH b. CAsrLE n: D., Of Philadelphia TO Miss SARAH
" Norr Of Brooklyn
EpwAsps-PorniR- On Monday, May 2 At the resi-
lonce Of the brides parents BY Rev. hmes D. wilson,
MAHrs N. EDvARDs, Of Prospect Plains, j., 70 CLARA
Haxp-srons. -on Thursday, May II, by ROY A. g
Compton, Il the residence OF the BRIDE Mr. EnrAs @.
HAND, Of Conmunipaw, 70 Miss MANY sroRx, Of Lafay
RoLrlxs--HARpm Brooklyn, on Sunday, May 90
ct the residence Of the brides fsfher TRun W. RoiLxs
JE, 70 MANI L HARDIN, all Of Brooklyn. No cards.
DIED.
BsArpnxy On Thursday, May II, CHAslss rRspns-
icx child Of George and francis J. Bsasdsey aged
daya
May 10, JENNIE MAsI, daughter Of Abrnn and Gertruds
Buckhont, aged years, months AZ IL daya
The relatives ana friends respectfully invited 70
attend the funeral On Tuesday morning, = ten
o'clock, IRON the residence Of her parental . remonS
without further nstcA Train leaves Twenty-sxth street.
Harlem Railroad at ten o'clock II the morning.
Corr. AT CatskilL on mursday, Nay IL, CoRpgn
AsS, wife OF Captain A B. Coisy assd " ysess ana
The rslsaivss and friends Of ths family are rsspsct
fully invited 70 attend the funeral 81 Trinity Csosssr
CarmaasvilA On Wednesday, a. twelve o'clock
CyHHrSolAn Al farrytown, on Friday mosnanG ~
IA DAVID b. CununoHAn In the <7th ycar 81 his go
The relatives and friends Of The family, VIE memnsss
u Chr~s church. Brooklyn and The SenAy eohool cl.s
Of Ne dseease1 srs particularly invsd V esnd ns "
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-05-21

rRKigrs European ports continued dn'l ana nofni.
nal I'd 5-32d FOR cotton per sail TO Lvcrpoo. sno
abou, s32d per steam To San rrapciscc the onering
continued hight but rates steady 81 eoc 80 Ior
and ssc 4 p0c for oil In casea In instances an
advance Is asked but these the current rneee Inc
engagements werc:--To Liverpool % hhda sooecco ~
cheese at 2s 100 boxes bscon 81 Ia 3D. TO L0edon,
per steam 1000 bushels At 3d. $50 boa rosa q "a
Al 2Os The charters re:-A ship 81. Jehns 70 Lycf-
pool deals 1t Ca ID Bremen ship tobacco. nom Bal
tImors 70 Bremen, lea ID. British schocass nom
New Yosk, wood IS; one 70 wse tn1ise> We eoed p1
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-05-21

and sudden" II probably was, but the fact that the
receipts of the theatre have declined a fearful rate s
the less Graus company Is fresh, earnest and
ambitious Tho voices ar, excellent and the ensemble
compe.e A strong attempt was made, BY indinsrence,
them but that has failed and the consequence
ror as = whole to those have been accustomed to
hear during the wintsr.-Nsv York Correspondence Of
louisville (Ky.) CoSrier
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-05-21

The New York imports Of foreign dry goods compare
as follows with former returns
For the wxh. 1854 1885, 1885
Entered at the port $1,6144A s73sess q, ss2, 2is
Thrown on market l,79S,903 l,s2042s 2,07s, l27
Since Jan. l.
Entered the port $ss TIC SIT 2ls 2es $6eo AIT
Thrown on market 3o,4s6067 2O234,31I 81, sO5, 2l2
The quotations Of the leading stocks sold at the first
session Of the Stock EXCHANGE at the close of each OF
tho last foar weeks were as follows -
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-05-21


Tho wheat market continued 10 decline, closing heavy
further reduction OF &c 30. per busbel The sales
embrace 900 bushels, part private terms but In
Guiding 1900 bushels No I Milwaukee fair at 81 V5
T. 100 bushels No. new Milwaukee choice ~ "a, and
5000 bushels white Wisconsin al a. Corn the turn
better with fair demand Tho snles reached %, 900
bushels at SOC size. for new mixed Western anoa,
and sac $50 for old mixed Western In store and de-
llvcrcd Oats were In good demand 81 an Improvement
Of lc per bushel The sal " were mainly NJ sc CSC
for Stasc, tpc sc foe Western and Soc a Gle.
Tor old Western. Rye was dull and heavy, but not
auofsby lower No Sales OF importance were heard Of
Nae quiet and unchanged with rinng sales al last
quotssions Barley was duh and almost nominal No
Corr The market was without noteworthy aiters
Siou In any particular Prime grades continued quite IN
demand q full prices 1000 bags Rio, from second
hsnds realized 2oc 20xc, the latter rate An extreme
ZOO bass RIO selected from the MIrsndas cargo sold
PREVIOUSLY but not before reported at 2oc We note
sales Of about 200 bags RIO ex Aud Reete on private
terms and 400 bags g. Domingo, the latter Tor export
also prtvass Common grades Of Rio were abundant and
heavy but decided change was noticeable IN the abb
COTTON Prices continued vcry Arm, with steady,
fair demand from consumers and speculation The mar.
ket however was len actve than yesterday vey lev
desirable lots offered excerpt as extreme rAic& Inc
sacs were 500 balcs mainly 81 annexed quotations
though some holders demand sstsc for even middlng
W.. .ts.tns
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-05-21

The money market continues 10 show extreme
although towards the close Of the week thoe ower
transactions at four per cent than heretofore
Qucnce OF the absorption Of currency by the Sub.
Treasury account Of the gold sold by it, The demand
for loans was however, freely met at per cent upon
railway and miscellaneous collaterals, and 4a4h on
goycrnments while first class commercial paper was in
fair request per cent The balance the sub
Treasury 1t the close Of business Saturday
sos o5l 222 Compound interest notes. into which idle
capital with the banks has hoated largely, thus
quoted at the end Of the ekJune, 1884 liz; July,
do, 1ilH; August do, III; October do no; Dcccm
Dor. do, 100; May, 1885, look; August do. los; Sep
Der, do, 1o4x; October, do, loA
Exchange England firm Saturday at 1898 q
u for bankers bills at sixty days The return Of about
ton millions OF old nvcwcntes from Europe during the
month, combined with other causes contributed to the
nrmncss Of tho market Moreover remittances Of the
May interest on more than three hundred millions OF
Nyelwenties held abroad being made; and consid
cring tho disturbed state Of Affairs in Europe, was
hardly surprising that the shipment OF gold TO Europe
last week should have aggregated tho large sum OF
S. 763 200. The sxrmss u cotton from all the ports
last week were about thirty thousand bales; while
tho receipts wsgo only about twenty thousand. In
This market ne receipts were 3,s3o for the
week ending a. Friday evening, and tho exports
from the port for the wees ending the 10th inst
$50 bales The total stock o. oil the ports estimated
at ais 900 bales Of which Mobile held on The l2sh
a. sos bales savannah on the lish, ~ baics New
Orleans the 12,h ISL 3is bales. and Charleston, on
rio 1th SIS bales The stock in England and on the
Connen, Of Europe the 9th Inst, was ctimafod o.
T3e 1i5 bales The market for the staple here shows
nrmness, notwithstanding depressing Influences, In
Guiding abundant supply abroad
Tho general merchandise markets devoid OF specu-
tave activity and prices therefore only steady In
tie dry goods trade there Ia however growing improve
mcnt, arising mainly from the nrmncs Of the market
ior raw cotton, which partly supported by Tho prospect
al islh srep.
Is - lf ra Eve ~ Saturday afternoon the stock mar
. cissr, arn. ~ t,e aforementioned quotations.
tl..o sil 81 lpPi crrnlgles 2sH y, Canton elx
. r. mtcriaud 4C'. a., MarpJsa IL y IL, Mariposa
,ecrod 22yt a, Quicksilver So a Z, New York Gen.
,aio4Ias, Erie 7sx q u. Hudson iisx Y, Read
ng Io7 n Michigan southern Teys so, Illinois Cen.
,r,i 100 " Cleveland and Pitisburg $50 y, Rock
Island ssH AZ. Northwestern 40 z, Northwes ern
,rcf,rred 5sx . y, Fort Wayne sshaS
Tie shipments OF specie from the port Of New York
a., week and during the year 20 date compare as follows
with the exports daring the corresponding period In 1894
aud 1865 - sea. ,sa
rwepte,b week. 81, ss4.1o2 s3,oi2, aos 20
Previously reported. .1e, SIS ss eoo',s~ o,ooVo'o
- ,..s... eot 700 oeo 40 TOO 557 Sl7 lt3 065
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-05-21


So 600 Buff, Brad and Pitts per CT COUP DDS so
No national banks authorized or additional gov
eminent repositories designated during the week ending
May TO- National currency issued during the week
amounted to 800 Previously issued $273 sos
Total (ess $3.50, 900, cancelledl 1914, 653 1876.
The Boston Traveller OF last evening says
Tho supply OF money Is still very abundant and much
larger than Is required for the ordinary purposes bust
The banks lind it difficult their balances to
advantage still they are not inclined TO lend on long
time for the reason probably that large part OF the
loose funds does not belong to them but their deposit
tors Loans call are easily obaiLed by borrowers
approved coaterals at six cent, and the public
securities at five. The taking of the loan when.
ever 1t occurs, possibly rel the market Of por
Treasury Department should be Withdrawn from ccula-
ton whatever change may arise will the nature of
things, be only temporary.
The disco Mt market would no doubt be more active
II there was enough good commercial paper for sale TO
make SO, but at present there is very little doing En-
dorsed notes OF the rt class In demand, and few
occasionally negotiated about per cent,
while very fair names 90 at eight and nine, but tn,
lower grades rather unsalabe United States secu
ties take the place of pr ate obligations and make
very satisfactory ST. sttute The dealings in them at
the stock Offices quite animated and the transactions
very extensive the aggregate All the bonds that
ready buyers al fair prices.
wise but not quite buoya IL two years ago
under the same imitation Of the paper currency which
important exceptions, prices considerably lower
than they then. There s steady retail demand
Tor most OF the local securities OF the dividend
class such bank. insurance, factory and railroad
shares and railroad bonds and prices well
maintained for the most Of them
Exchange is working easter wost Tho Chicago
Tribune OF Friday reports:-x
The market for Eastern EXCHANGE is fiat and lower
To-day OF tho banks sold round lots discount
OF fifty per thousand, but the bulk Of the sales
par Counter rates ranged from Ito discount
par buying, and l20 ITO premium selling.
The Cincinnati Commercial OF Friday says
Exchange was In the main found to be little easier
not because OF any better supply, but because of
diminished demand. shipments OF currency however,
still necessary
The Marietta and Cincinnati Railroad earned during
the second week In May, 1896 $21,5 7s
Corresponding period IN 1895. .............. 1917
ihcteeso tus year 20 4Vl
The total arnngs Of the month to the 18th amount
this year to against sa2 7ol for 1885, while tho
earnings since January l. 1885, amount TO $780, o74
$l3 LAG less than for the corresponding period 1885,
The receipts OF the Western Union Railroad for tho
yeck ending May H. 1860, were. SIS 693
Corresponding period In 1885. .............. 10os4
lnerease....'.... SI'0S
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-05-21

BcuuuAmm AND AnT--oDu,s OvuRA ConrAxv -
0rsu's Opsrs company have been heard In New York,
ana they are mighty though youthful and win prevail
Il 10 very dcun 70 obtain thoroughly JUS reports Of
vslcai and dramatic ais here. beeauss Of Ne corrupt
Innuonoos q work Many OF the csce afs 20 lsfgsv
ssssn acpoSrsd ne most sxtrsvagAnt psases asuasd
- peefos anoa bus no could doubs hat - she
- over pFDloDA. rsacsioa would take place me
sudysocsa have sfowp moro and more spAfss end she
len the sheafFe ian Monday under the pee Of uns
viII "a ~ ~ "hse n1isveeton" 3 not 'senone
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-05-21

s and ..sss s ana ri
a cay under and s. DICK; fifteen to twenty brgs
and schooners Cow Bay and Lingan to New York,
coal at = so IS from the former and q 30 from the
latter port; brig from New York to Boston, 81 2O0,
thence TO Cow Bay and back to New York. coal "a Is;
schooner from Jacksonville New York. sawed lumber
PER cord one from Elzabethport 70 Ssco COAL 81 81,
ono from Elizabethpor 10 Providence iron, 81 6t one
from EzabethPort TO Boston, iron 81 2S British b,g
and back, on private terms
Hors were steady but rather quiet We note sales Of
MoLsssxs continued very arm, with fair demand but
light offerings at the current rates. Holders were gene
rally demanding prices above buyers views, and we
Porto Rico, mostly at 7sc T5c Us hhds Cuba
vado at So, and so hhds do. At SOC.
1000 bills crude, 20 Is gravity realized 2fc for deliv
cry in June at sellers option We note sales the spot
off 500 bbl mainly at 2oc a2ec for crude, and 4ic
PRovrioSs Receipts 27s pkgs. cut meats and 50
Pkg ar The pork market was dull and r.
sales were 10000 bSls a. $50 i2% $50 81 for new
Prime also for or future delivery 5000 S6is new mess
mostly for june and july sellers and buyers option AZ
Beef Be- was II good spd s1Sy
plain mess, and $2i 50 q $24 SO for new extra
mess. Beef hams quiet but steady,
SAT $4s Bacon quiet without decided change in
prices Small sales Of short clear were reported At l6c
Cut were fair demand full prices The sales
$50 pkga at l2Hc l3Xc for shoulders and l7Hc
1876. for hams Lard was rather quiet, but prices
steady. The sales were 700 pkgs at 19c. 22Hc.
the latter rate extreme for choice kettle render ID In
small lots Butter quiet and nominal at the follow
ing :Orange and Sussex, fresh pail per H. 4Sc
a Soc North rlver do do, 48c. SOC Pennsylvania,
do do 4sc 5Oc New York State, half nrkin tubs do,
4$c 46c New YORK STATE, welsh tubs do &c rs,
Western tubs do 35c 37c Western, yellow, frk ns,
do 42c 40, all new crop. Cheese was dull and nom.
na with small business at the follow ing pces:-Old
crop factory made daries first quality, Gle &c do
factory made dares, second quality, zoe Gle do farm
darcs first quality, 21c 22c. do farm dairies second
quality 18c. TO- do farm daires common, tic. l8c
crop. factory made 18c 21c do farm diaries, &c.
17c., and do. Orange county flat skinned SC. 12c.
RICE was firm, with moderate demand The sales
comprise 200 bags Rangoon, part for export on prl
vate terms, and part for home use, at 0Hc 9c., a.
so ties. Carolina at 12Hc.
SrEARINE quiet. but steady, at 23c. for primo.
noticeable change Tho sales were go hhds. Cuba,
mostly at 10c. 11Ac, but part private terms; ~
hhds Porto Rico at 1896 and liz boxes Havana pri-
vae terms Also 100 hhda Porto Rico by auction, at
l1Hc. 1886 four months Refined sugar was steady,
but quiet at 1910. for standard hards, and l4Xc for
coffee.
TOBACCO quiet and heavy The sales 70 cases
State private terms 10 Florida ut IA No. and "a
Ohio at &c. also 20 hhds kentucky at from 16c
to 23c.
TALLow very active and Arn with further sales Of
rs, 900 lbs at 121Sc. 12Xc.
VIII KEy.-The market continued dull and nominal
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-05-21
PROPOSALS FOR 100000
NEW AQUEDUCT STOCK OF THE CITY or
NEW YORK.

Sealed proposals will be received the Comptrolers
onlce until Tuesday. May 49, 1866 at O'Clock NJ wnen
the viii be publicly opened for the whole Or any part
OF the hundred thousand dollars OF New Aque
duct Stock Of the city of New York. authorized by chapter
SOL, Laws OF 1855.
The said win at the rate Of six PER cens
per payable quarterly and the principal WIZ ps 10
deemed the LIST day of August 1884 from the shA"s
fund for the redemption of the city debt -, a
The proposals win state the amount OF stock Desired anu
price per dollars thereof and the persons
whose proposals accepted will the rcuponbe required
deposit with the Chambe risin the awarded 10 the"
respectively. .u.
On presenting to the Comptroller the receipts OF nS
Chamberlain for such deposits the parties VIII Dc ent'
70 receive certificates for equal amounts OF the par value
the sums awarded 10 he bearing interest from the aaes
payments. n
Each proposal should be sealed and endorsed Proposa
for New Aqueduct Stock Of the City Of New YORK. uo on
closed In second envelope addressed 70 the n
The right Is reserved to reject or all OIL the oS ~
interests Of the Corporation require II.
MATTHEW I. BRENNAN. Compsroue
CirY OF Nrw YoRK. DEPARTMENT OF FINANCE