The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1866-03-16

The New York TSbWae tins morning says:---
Money on call is abundant to brokers at
per cent, and loans above are rare upon any
marketable cQlaterals. The rate for very prime
merchant bills is rather lower, and some names
pass under per cent. The quotation is 707s;
coed, SQ9; and ordinary, l0Dl5 per cent. The
disposition IL universal to make short engage
ments, and to keep money where it can be at
once recalled. The movement OF Senator SheI-
maR looking to q continued suspension of
specie payments finds little favor, except among
spectators. anxious to get out of losing ven
lures through the continued use OF irredeem-
able paper money. Exchange IS quoted as ol-
lows;-Bankers Sterling, 60 days, 1O9I6Rl083;
Bankers Sterling, days, 109g; Commercial
Sterling l070lO7l; Francs, long date, $3.50
5'2l3; Francs, short date, 5'2005178.n
"A despatch from Washington says:-The
House yesterday resumed the consideration OF
the Loan bill, Mr.. Hubbard taking the floor aud
drawing out Mr.. Hooper of the Finance Com
mittee. On q question as to the reliability of
Controller Clark's recent letter, Mr.. Hooper re-
piled that O subcommittee had waited u9on Mr..
MCCullCCh, and we're satisfied that Mr.. Clark was
Ia error in his statements, and that the monthly
balance sheets showing the condition of the Trea-
spry we're accurate. Mr.. Wentworth, OF Chicago,
followed in a somewhat singular but eminently
entertaining speech, wherein he advocated the
Secretary OF the Treasury's policy of resuming
specie payments at the earliest moment, and
denounced Controller Clark with much severity,
and by lntimation charged him with being in
league with geld gamblers, spectators, and
Others opposed TO specie resumption. lie an
nounced his intention of moving Tor Special
Committee to investigate the whole matter.
The foreign loan clause of the loan bill was
killed, and judging from the expressions of in.
dividual members, and the general temper of
the House to-day, the remaining clauses extend
ing the power OF the Secretary Will be killed.
-Ihe Cincinnati GazCHe says:-"There was q
pinch in the money market again, caused this
time by the call trom the Government on de-
positories over the river for an increase of Sc
prifI traq, .rNff flan Of
10 the United States Depository. There was
also an increased msrcaatile demand, and
bankers wers compelled IN many cases, to re-
fuse frst-class paper offered by customers Rates
OF interest we're firm at l0dal2 per cent. be-
tween bankers and their depositors, and l50l8
in the OpeE market for good names. There was
also close market for exchange, and rates
were firm at 50D76 premium buying, and Ito
premium selling. There were no sales of
bankers checks above l-l0, but many OF the
dealers refused TO loan except TO customers.h
GREENBAoKs vs.. GOLD.
The 'most important decision made by the
General Tenn OF the Superior Court of New York,
is one respecting the relative value OF green
backs and gold dollars 1t decided yesterday
that q one dollar greeRbaCk is fully equivalent
to gold dollar, and that all debts may be shtis-
fed by tender Of payment In United States Trea-
sury notes. The facts OF the case are as
follows -
The plaintiffs, owners of the British Ship Ata-
Ia Calcutta chartered the ship 20 Gillanders,
hrbuthnot & Co., of Calcutta. The charter
party was made in Calcutta and is dated Janu-
ary 20, 1853. It contains the following clause:-
The freight to be paid on unloading and right
delivery Of the cargo as follows, Wifi dis
charged in United States of America in silver
and gold dollars, OF by approved bills on Lon
don; il at q port ~ Uaited Kingdom, as Gus
tomGry.' The defendants were consigneas Of
the cargo. Upon the arrived OF the YES
sci at the pert OF New York in June, 1868,
| the defendants rendered payment Of the freight,
amounting to SS2,G3G, in United States legal
! tender notes. The tender was refused aud pay
| ment demanded in silver aud gold dollars, as
| specified in the charter party, which was re
| fused. The action was tried bY a referee, who
found the tender of the United States legal ten
| der notes. and that at the time OF such tender
| the market value thereof was thirty-three and
onJ-eighth per cent. less than that Of gold OF
silver dollaTs. BY an arrangement between the
| parties the plaintiffs credited the defendants
| with the market value OF the amount rendered,
| leaving a balance Of S7GSl'57 due. The referee
| found the market value of such balance was, in
| the currency Of the United States, $l0,23008
| Upon these facts the referee decided that tbe
! plaintiffs were entitled to recover said sum o.
! $40, 23O'03 with interest, aud rendered judgment
| accordingly.
HIL4DELPHA STOCK EXCHANGE SALES TO- DA'
Repoyed oy De Haven & bro, No. 40 S. Third street
FIRST BOARD