The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-01-09

The coal trade in the coal regions has very much slack
ened off, and the demand at tho yards IN this city Is
that the opening Of trade next spring viii nd the stock
hand pretty well exhausted Under these prospects
the stocks of the several coal producing companies are
largely dealt In and at improving prices. Al anything
like present quotations for coal effort will DO spared
to make all the companies productive next season
ing companes will be able to furnish better supply Of
caTs than heretofore, the production Of coal will be
The new Lehigh and Mahonoy Railroad, connecting up
TO Locust Mountain and opening to market the coal OF
seSion viii throw largely increased supSIv Of the Sest
kind OF fuel In che market With the promised ext6n
sion ofthe trade and increased number Of producers,
there will be difficulty IN forming combination, to put mp
prices charged during the last In several
other directions we hear Of outlets for COAL and
present prices VIII bear considerable reduction with large
profits TO producers welcome the prospect to
sumers Of fuel at more reasonable rates next year.
We stated yesterday that the bills of the Missisquoi
Bank Of sheldon Vermont had been refused in Boston
The following from the Burlington Free Pres Of the 9th
instant explains the reason
report that the disappearance of Mr. Hubbel had
been explained by the discovery Of heavy deficiency in
the funds OF the bank Of which he cashier reached
as on wednesday last but In view Of all the circum-
stances wo chose to withhold it for fuller and moro
authentic information This are panied to say, fully
confirms the report Mr. Hubbell is defaulter to a
very large amount. An cxarina of the accounts Of
the bank By competent accountants has resulted in
the discovery Of enlbc Elements reaching back for
years and stated as high as s75, 600 Comparison of
the books with the accounts OF tho bank note company
which printed the notes OF the bank, hear indi
Gates considerable overssues Of Giro ation appear
ing the books and alterations of the entries of mutt
lated bills destroyed ard false foongs additional
distractions Of The funds The bank suspended payment
on Thursday. The directors, Of whom Mr.. Hubbes
father one the bboders that the assets will
be sufficient TO the redemption Of the bills and
that they win DO redeemed as soon as the indcbt-
edness Of tho bank be collected In
AZ the directors are also men of property,
and arc liable on their bonds, the public Is not
likely TO su loss The loss to the stockholders will
II had taken steps towards changing into a national
bank and consequently preparing to wind up after
next July. II has always stood well. Mr. Cashier Hub
bcl had the reputation Of living rather extravagantly;
but IL Is not known that he has gambcd in stocks
made bad investments on his private account. He left
behind property to the amount Of about SIS 900 in real
estate in Sheldon and In stocks and also partner in
the firm Of s. B. Green Co. Of Sheldon. He had many
friends and wide acquaintance, and these sad develop
ments naturally create much excitement In Franklin
county and elsewhere among those who interested
In him or the bank.