The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-07-01


The report Of the committee appointed by Congress to
investigate the gold transactions of the Treasury is
awaited with interest and is to be hoped that stone
Will be left unturned IN the work OF examinations but IL
probable that tho actual truth will DO hard to discover
however much suspected and even perjury
might not be allowed TO stand in the way OF
Standardization. scandal gross should ncverthe-
less be siftcd far possible and official obbery where
proven, should not be permitted TO go UNPUBLISHED.
The stock market was quiet but steady. AT the open
hoard at o'clock Erie sold at 6155, Catawissa TO-
Cleveland and pltsburg s25s Northwestern 3os, Fort
Wayne ss,4, Western Union Telegraph 5o,z At the first
regular board the market dull Erie closed u higher
than at the hall past two board yesterday Rock Island
~ Illinois Central was y lower Northwest
crn preferred u, Fort Wayne "a, Western
Union Tee, raph III Government securities were mac
tive. Coupon hvetwentics OF 1862 u lower
thty notes Of the second 20 third series r. Ten
fortics advanced n
At the o'clock open board the market cont nued
sluggish but steady Erie sold ga, Reading lo9h,
Michigan Southern 1879, Cleveland Ptsburg s2s{
Z, Rock Island 937s, Northwestern 30%, Fort Wayne
es,<, Western Union Telegraph 5lH, Canton 54z.
Afterwards extreme dulness prevailed, and the
closing quotations at i've p NJ were New
York Central 98f Y, Erie 621 a q. Hudson
River l1lh liz, Reading 104a4 los fox dividend,
of Ave per cent payable the 18th OF Julyl Michigan
southern 7S< n, Cleveland and Pttsburg SO u, Rock
Island 93x %, Northwestern 30 hprcferred so u,
Fort Wayne s5x a n Tex quarterly dividend OF az per
cent? Ohio and Mississippi certificates 25x 26H.
The supply Of money available for the Stock
Exchange remains In Of the demand at per
cont The discount line easy and FIRST class CONNER
cal paper 10 taken u Q Q per cent
Foreign exchange steady, but neglected at yeser-
days rates.
The petroleum and mining slook market was dull Az
tho first board Be.ushUR nan On closed zoo iowor than
al the time Veaasrday, selling ~ - % Shade
River 100, selling a. So Consolidated Gregory Gold
AGO. selling u els e. Bradley sold &C., Central 81 So
GermanM 100. Bennehon Run I'll 90, Oil Crock 40c.,
ansncn Gold 81 o. Smith 4 Parmsles % 80 Excelsior
Copper - o.
The Cansdian government hAs under csss,dsrauon
project for substtasias legal tender notes q s
for ell the circulation Of ths banks In the Province
This plan ID 70 nearly Identical With thai which have
advocated In relation y the national banks Of this
try that II 70 have besa suggested By Non.
trea journal thss exp,Aaas the proposed neasurs:-
The govsnmsas d 70 b authorized 70 agree with the
hanks 70 withdraw tho bank circulation and exchange
FOR government nc.ss Which ars 70 b. ads payable in
make the, same agreements. The government notes
wilt therefore b issal tenders only in the
except st the Of the ooes Of redemption The
hanks which 10 the scheme be allowed 10
oopcnturo6 TOT government notes,
obtain other notss from the government the
Of their issues determined by average Of circaa-
ton during, We believe. fve years preceding They
have allowance OF five per cent the circulation
40 calculated, and on any amount In excess thereof
should their actual circulation exceed the esti
mated circulation. Against the circulation there
must always be held-we suppose by the govern
mont, but that Is not statcd-gold to the amount Of
20 per cent OF tue notes issued, when the circula-
docs exceed s. 900 000 10 the Of 50 Is
per when n exceeds IS 900 900 but does
S5 900 900, and 20 the Of 80 per cent when
exceeds the iatter For the whole circulation In
OF the gold held there must be held
equal amount OF dcbentues though OF what
value they bc 10 the public basis Tor tho Issue
Of other promises to pay by the does not
appear The government s moreover, 10 be allowed 70
appoint bank or banks it's agent agents for the
transaction OF the business connected with the issue OF
those notes, for which such hank banks will be
allowed q commission OF one.luartcr per cent tho
aggregate OF the transactions OF every three montha
For banks which issue the government notes the present
impost circulation will be abolished
The sem annual return OF the State banks Of Maine
published by tho Secretary Of State, showing their
d,ion the "a OF juno Tho liabilities Of the twelve
state banks still In which have become
han IN oraa "A FIJI