Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1866-12-05
dCe(t9rapttf.
FROM NEW YORK.
Grand Reform Demonstration I'm
London.

London.
New York, Dec. "A special dispatch
to the World, dated London 3D., says It is
estimated that at least $4,000 persons were
In the procession which formed so imposing
feature OF the reform denomination which
took place to-day. Nearly all the trade
societies were out in full force and marched
to the place of meeting. Forty-seven of
these organized bodies, together with va
rious members of the Reform League, were
In the line, which was composed of tour
grand divisions. under the guidance of
lnarshals and led by bands of music, ban
ners, society insignia, &c. 1t was by far
the largest and most important affair of the
KIND which has ever taken place In this
country, notwithstanding the very unpleas-
ant state of the weather. 1t is fact worthy
OF notice, that the stars and stripes waved
above the procession in many places, and
was frequently and loudly cheered. The
bands too seemed to have caught the inspi-
ration OF the occasion, and INDUCED in the
production of national airs of patriotic
character. The meeting took place in the
grounds Of Beaufort House, q most conven-
lent location for so large a gathering.
Seven stands were erected for the accom-
modation of the several speakers, large
number of whom were present on the occa-
sion. The stores in Pail Mall, Piccadilly
and the other thoroughares through which
the procession passed, were closed land the
trades people thronged the streets allnthe
way from st. James Park, where the pro-
cessiOn was formed, to the grounds at Beau
fort House. Tue greatest order was main
tained throughout the demonstration, and
the most lively enthusiasm prevailed. The
moral effect of the whole affair cannot be
Over-estimated.
The Question Between France and
the United States.
The Herald says A private cable dis
patch from Paris was received in this city
yesterday, which says in effect that no di-
rect reply has yet been transmitted by the
French Government to that of the United
States upon the sGbject of the immediate
withdrawal of the troops from Mexico, or in
instalments, IS was proposed by M. Drouyn
de L'Huys. Mr.. Seward in his dispatch has
demonstrated against the neglect and asks
for the prompt fulfilment of the promise,
which was received by the United States in
good faith and in the expectation that it
would be fulfilled. His remonstrance, how
ever, was wholly free from threat, though
decided and earnest in its tone. That any
difficulty will grow out of it is not believed
In quarters here when the lengthy message
to Mr.. Bigelow, so far as its general char
acter is concerned, is fully known.
FIre-Five Men Missing.
A large fire took place in Walker and
Canal streets last evening. Two houses
were completely burned and five others
more or less injured. Total loss about
$2500O0. Five men engaged as wOrkmen
in one of the houses are missing, and three
Of them are supposed to have been burned
to death.
The Associated Press Quarrel.
The Associated Press quarrel excites
little interest here. Tue policy of the Asso-
citation has not changed. The World an
nounced this morning that it would take
Craig's news, and it was dismissed immedi-
ately from the Association. The Herald,
Times, and Tribune, it is understood, had a
conference to-day and agreed to inter-
change special dispatches and send them
over the country. They also agreed to ad-
vance 100000 each during the next three
months towards strengthening and de-
veloping the facilities of the Association.
At this conference it was felt that the con-
test is not with the press of the country,
but to prevent the creation of one man
tyranny over news, like that exercised by
Mr.. Renter in Europe. The most liberal
arrangements are being made with all
papers that remain true to the Associated
Press. Delegations from the West are here
protesting against the action of Messrs.
Halstead & White. The action of the
Herald, Tribune and Times of course ends
the contest, and it is now said that Craig
will continue to send only commercial dis
patches and ship news, and abandon the
collection Of general intelligence.
How it Affects the Markets.
New York, Dec. 4.-The Commercials
money article says the publication of the
documents connected with the opening OF
Congress has no very appreciable effect
upon the markets, except that the exhibit
of the condition of the public finances has
an assuring effect upon Government secu-
rites, and has produced slight advance in
bonds.
The Charter Election.
The weather is very unpleasant; driz-
zling rain is falling. The vote cast at the
charter election is said to be very light, and
the total number will not exceed perhaps
$4,000. ...... ...
Financial Matters.
NEW YORK, Dec. 4.-The Posts money
article says the statement of the revenue,
the public debt and the currency which is
contained in the report of the Secretary of
the Treasury and the accompanying docu
ments, Is on the whole regarded with much
satisfaction, as is evident from the active
demand for Government securities, both on
domestic and foreign account. Mr.. McCul-
lOch's project of foreign loan, the prin-
cipal and interest TO be payable abroad,
finds little favor, and there is no probability
that plan so unnecessary and so contrary
to the established policy of the country
will be acceptable to the public or adopted
by Congress. The remarks of the Secretary
relative to the necessity of contracting the
currency and those OF almost all the prac-
tcable questions he touches upon, are gen.
orally received with approval.
The loan market is rather more active at
per cent. for call loans. Choice bills pass |
at 7, and there is still but little disposition |
on the part of banks and capitalists to |
touch the inferior grades, which are nomi- |
nally quoted at 9@l0 per cent. The stock |
market is feverish. ar.-
Governments quiet but firm. Railroad |
shares are irregular but strong, Northwest |
ern common advancing to 81, Michigan |
Central /, Erie "a. The bull leaders pro-
tess to be of opinion that the National
Bank currency will be increased, that Con- |
gress will oppose contraction, and that In |
OF the dullness of general bus |
lness new season of speculative excite |
ment is approaching. The bears argue, on
the other hand, that the holders OF stocks |
being crippled by their losses in the recent |
panic, cannot command capital enough to
the market with view to a
rise. These persons point to the fact that
the public are not buying stocks, as they |
are diSheartened by the bad success of pre-
vious speculations, and the situation is un-
favorable to anything more than brief,
,reacherous and spasmodic advance.
The Dry Goods Market.