Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1866-05-24
FROM NEW YORK,
Fmrther. Abont the Girent FIre.

adjoining buildings, not much over $l,000,-
900. The Academy, with the ground, cost
$375,000, upon which there was an in
surance of Sl20,000. 1t is estimated that
100000 will be sufficient to rebuild the
Opera House. The managers have met and
determir - have the Academy rebuilt by
the firs Of N - '~Nor.
1t now ascerta' that two firemen,
David Waters and Pa er WEIGH, were
burned " ....... Their remains were re-
covered this mornl.-
Barrels in restaurant in the rear of the
Academy were set on fire. which caused
the con1lagration no doubt the work of an
incendiary. a.
The Same Old Story frOnE Gener-
ais SSteedm0n and Fullerton.
Newspaper reports from the investiga-
ton commissions of Generals Steedman
and Fullerton at Port Royal, South Caro-
lima, and Savannah, Georgia, present far
more favorable condition of affairs as eX-
iSting among the freedmen in Port Royal,
Edisto and the Hilton Head islands. Under
the administration of General Scott, the
Commissioner of South Carolina, matters
are progressing very satisfactorily. The
same old story Of Northern pecuatiOn and
malteasancP, however, is told in relating
the condition of the sea island settlers.
the Freedmen's Bureau is an obstacle in the
way of kindly feeling between the whites
and blacks.
NapOleOn's Spec ech at Auxerres.
The following is the text of Napoeon's
speech at AuXerres, to which is attributed
the cause for the financial panic in Eng
land and Europe:
see with pleasure that the memory of
the first empire has not been eifaced from
your minds. Believe me, for my own part
! have inherited the feelings entertained by
the chief of nv family for this energetic
and patriotic population, who sustained the
Emperor in good or evil fortune. have a
debt of gratitude to discharge toward
YOnne. This department was the first to
give me its sullrages in 1913, because it
knew, with the majority of the French
people, that its interests were my interests,
and that | detcsted, equally with them,
those treaties of 1881 which it is now sought
to make the sole basis of our foreign policy.
! thank you for the sentiments you have
expressed toward me. Among you |
breath freely, for it is among the working
population, both in town and country, that
| find the real genius of France.
Senator Wright Dead.
Hon. VIM. Wright, U, S. Senator from
New Jersey, died at his residence in Tren-
ton this morning.
Failures in The Gold Room.
Two failures are reported in the gold
room, and there are rumors of failures of
four tor small amounts.
Financial.
The Commercials money article says
| The drain upon the banks for the payment
of checks drawn against gold continues to
be severely felt among parties dependent
upon loans. Most of the outstanding per
cent. loans have been put up to 6@7 per
cent, and this morning the demand from
| borrowers is very active, the general rate
being per cent, OH call, with exceptions
at per cent. The demand, however, is
readily met, nor does there seem to be any
| ground for apprehension that there will be
| difficulty in borrowing at the current rates
The Banks are perhaps not unwilling to
keep the market somewhat close, so as to
sustain rate of 6@7 per cent, and for this
reason they are not likely to fall back upon
their clearing house certificates or upon
their temporary deposits in the Treasury,
except under a sharper. pressure than at
present exists. The market, however. Is
likely to receive steady relief from the
Treasury, through the present action of
one-year certificates for redemption. The
Sub-Treasury has delivered about 81 100000
of gold this morning on account of Mon
days sale. A similar amount was dylivered
yesterday, and tomorrow from three
to four millions will be deliverable, which
will complete the transactions with the
late buyers of gold.
This morning the stock market was de-
pressed under the pinch in the money
market. On the one side there was some
realizing, and on the other considerable
bidding to cover shorts. A large amount
of short contracts, however, are being put
out, so that it may be questioned whether
the market is now less over sold than be-
fore the present condition of affairs. The
bears assaulted Erie very sharply with a
view to depressing the market generally,
and the price fell per cent, closing at
GS3I; prices are 19@219c lower. Govern
memts more active and steady at about yes
terday's prices, except 1905, which are
| 18c lower,
Discounts less active. The banks at
present prefer call loans to paper, and bills
are 15@l per cent. higher, with slight ac-
cumulation in the hands of dealers.
Foreign Exchange is nominal at about
Yesterdays figures.
Gold in large demand for export, and the
price tends strongly upward.
Gold has run up to 1897 this afternoon
with much excitement in the market.