The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-07-18

Petroleum and mining stocks were dull At the sec.
ond board BennsnoH Run OIL closed At o. 49, BennehoT
Rua Petroleum 80 Is g. 1o) Central "a TO- Rynd Farm
no, United states % o. Consolidated Gregory T. lo
Gle rs. DownisvilleJlc, Kipp Baeil 81 50, Quartz
Hui - 10
Tue foreign news by the Psrsirs had no important
sdoc' upon any Of the markets. but IL tended In some
isse degree to strengthen the gold market There is
moro reason however why gold should the event
OF sudden peace abroad than II the indefinitely
prolonged 90 far IS legitimate concerned for
In the former there would not be that foreign de-
mand for brsadsu which would otherwise DO felt
II b subjcct OF general remark that the usual
monthly statement Of the public debt due the OF
tho present month has not yet been published. The
omission 10 publish u has given rise to various
conjectures 70 Its cause, OF which OF course
arc calculated to improve the public credit
confidence In Mr McCulloch's administration OF the
nnances Tho amount OF tho gold supposed
be the main why the statement not fcrthcom-
Ing bit whatsveris the reason, the policy OF suppress
ing tho statement undeniably bad II the Bank OF
England suppressed ono OF its weekly statements in
similar manner Il woiid excite host OF apprehensons
and lead to popular ciamor Why then In does
the Secretary Of the Treasury venture 70 respass upon
public rightf II Is Subject for Congressional inquiry
and legislation, and attention should be directed
Immediately.
delivered another decision the subject OF tho tar
brokers sales In tho present injunction hsd
been granted a. before restraining the Collector OF In
formal Revenue from collecting the tar sales from
parties holding bankers license. We have seen
copy OF the decision FULL but from ielegraphic
-~y learn that Judge Nelson holds that persons
oons o--ness under a bankers license may transact
the business or both banker and broker under a.
shat where the brsne.- Of banker and broker /. done
and purc hsaoo arf NJ
broker for bis own account he not Liable pay tax
upon suca Transactions also that banker may advance
money on stocks and sell them TO reimburse his advance
and not be liable 70 the brokers tar; fur
thsrmors. that q person doing business under
. bankers license AZ broker 10 liable
10 pay the brokers all such transactions sud that
purchasing stocks and selling the IN bis own name
without disclosing the name Of mis- customer, and paying
his own money the stocks purchased render him
liable brokers II difcut 10 reconcile the
latter with former part Of he reported decision in the
the Judge exempted FL ic bankers, although doing
business as brokcts ran III oreretan of the law but
tha he ia' r' h'ses pu.e and simple,
whefhcr hed iirelse or not In the tar.
And VAC l. Il be y lua.-t We sba however, discuss
this at length whom rpor n full comes TO hand
Meanwhile the mpcrcc, wording Of the law and Its
inequality as construed by Judge Nelson are clear
enough,
{, The report OF the fouss Committee on Banking and
Currency presented ~ Mr Hooper yesterday, timely
document suggestive Or reform In the management OF
Abe national banks. II recommends the prosecution Of
thc Managers OF dcfaultrg banks and particularly those
OF The Merchants National Bank at Washington and
IrcposcS amendments TO the National Currency act
D. meet listing deficiencies OF legislation II il under
STOOD i was owing to the invest cations and report
Of th.i cmmi,tee that Mr. Clarke the Comptroller Of
the Currency, sent IN his resignation.
SThe following were the earnings Of the Chicago and
Corthwcstcrn Railway Company FOR tho second week in
buly:-
20 skslses W
booo iW'ss %
v
Increase ..,.....'.'','.'.,",,,.,.. siaiis u