New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1867-05-22
,eocv will explain the reeentappearane Of new Five
twenty bonds of 1862 upon the market:

rency will explain the reeentappeaiMeo OF new i've
twenty bonds of 1862 upon the market:
,srley DrrApT,,ENT, OFFICE OF TfIE CONTRoLLEE
o. ruE CtaEESCY, WASHINGTON May 20 1857.
SIN IN response 90 yOu verbal inquiry have 10 state
"a National Banking Associations were authorized 70
scp3st with tho Treasurer 0r the United states any ~
fhctes of tho funded dcOs of tbc United states, Wce
.oupon lcgstGCii, security ior the lodtuIon ~
eircuotiue notes. Under this act about sibJeJ" -
.ou.,n Five 1CutiCs ui 1-f2 wcIC so 4, posted
rc act Of Juno B. 1864 provided that registered BOMBS
OILY suod be received aud held as security IJr a S'S
coupon bonds deposit Wit the Treasurer were ,U,
thS they would be expected 20 have such bones con
vel N IN lstered bonds ana this was d0rc 70 very
general extent. subsequently, those buss ~. ~ IT
i,cp,cotcd 10 comply with these requirements VIZ
If coupon bonds az security Tor ci. trd no., s
Suy should be held by the Tire snfe 10. lI"t M ~.
ana they requested to take lidiS "a =, 80 ne
conversion Of Their coupon pou- 9 d t # ~ done
Ing Tho payment of interest sgrpeiot ll', ~ 49, h,
within few months pas Rrn3 3,9cU NJ of $50 re-
made application 60 have ther rive i, -
turned 10 them ia coupon Dohus. III oO1e, , hG ~
The fact That they were conSe.i. l' i ot he coH,
under compassion, ana th9t me OAs sHoiu H 10, ~ %
RELIED to s Ger pCouuiary loss by the action oil t5 DI
ment. recommended, az an aet o. JQshce thlt they
shod be permitted 20 withdraw their Fiyo-tWeEdcs of
1902 and that clean coupon bonds 6hohu ne lSstu 10
pons had, been converted. Upon the representation OF
The facts n the case ana also upon inc statement OF ,e
f coupon Fyctwenties OF 62 ON hand that had never
issued, You consented that the chance should DC
made uon condition that the banks should furnish seven
I'M ,ti1s 't rbe treasury Department without the
agency of brokers the payment OF any COMMISSIONS
Iy the Government for such conversion
The total amount Of coupons of 1862 thus issued to the
rrcscnt date is 2s250O Informed by the RI giSter
of the Treasury that me has but S247lm remaining ana
~ you stated 40 the tmc the arrangement was maze that
Won would have 10 additional bonds printed for that pur
pose presume these exchanges viii DC limited 10 the
'"OUi' "0" vi "'''O' IL r. lIURLBiRD. Controller.
The Hon Hugh McCulloch, Secretary OF the Treasury
The failure of Fraser, Trenholm q Co., announced
to-day, eXcites and with reason, unusual remark
II was without doubt the leading and trusted mer
lgr~.
n disastrous effect upon large constituency rs well
for the South that possessed by the Ohio Life and
Trust Company when it broke. During the Rebel
lion one of the partners Mr. Trenholm, was Secre-
tary OF the Confederate Treasury and the profits OF
the house were reported during the trOubles Mt So
100000.
Earnings of the Chicago and Alton Railroad for the
second Yecl, in May:
1857 sso853 1866 ..... $50 .$iO5l7
Earnings of the Detroit and Milwaukee Railroad
for the week ending May 16:
1867 .. $685. SHAFT Decrease sc93
Earnings of the Marietta and Cincinnati Railroad
for the second week in May:
1867 ..... S2O,423 S21,j7S Dec..sl55
Earnings Of the Western Union Railroad for the
second week in May
1867 ........$l17lG .ss,693 Dec..SC97
The condition of the Schuykill coal trade is unsat-
isfactory. Although the tolls on New-York ship
ments both y railroad and canal have been reduced
to point that must have involved over million OF
dollars loss in the coal receipts thus far of the Read
ing Railroad. and corresponding cash loss TO the
canal yet The late coal sales place the New1o ami
Eastern markets beyond the reach OF shippers 1t is
now evident that the Pennsylvania Coal Company at
Newburgh the Delaware d Laclawana at Eliza
bethport and the Delaware Il Hudson at ROndOut
hold the keys of the position, and can with the lie
f,1-o no trad of
and the East at rates which would be ruinous to the
Philadelphia road and canal, and Sehuylkil County
must contract ITS production to the wants of Pha-
delpma and local points on their line.
A popular mode of operating in stocks just now is
as follows: a person wishing to bull Erie buys "a
put" OF right 10 deliver say 5000 shares at GO, for
90 days at one per cent ON $4,000 while the cash
price Is CO. thus limiting the loss TO the difference
between cost and the cost of the put" and this
commission extra This is a good way TO get a large
amount Of stock if during the put the market
should break. As the Treasury may ut any moment,
by contraction. discover a weak spot in financial
operations, and procpitate stock panic, puts
may be as costly to the seller calls" proved not
long since. Large operators in Wall-st may be able
to swallow all the small fry with ease, but they
should remember that the Treasury has power, and
Is steadily using it, which will empty the longest
purse attempting 10 oppose natural laws.
The PrOridepce J0Rrpdl says Of printing cloths:
The market is quiet sales small The following
the salcs 1900 pieces. 9c extra; 1900 do G4NC
S4c. standards 5000 do, 64NG4 &C. common; 10000 do
Nx64 private terms; 1900 do, CJXCi, &C, hgJi 5000
60, 5GXCO Total, 1000 pieces.
Messrs JAY Cooke & Co. advertise to pay freight to
and from New-YOrk on SevenT hrties for conversion
into Five-Twenties.
The following Is a statement Of coal transported on
the Delaware and Hudson Canal:
For the Week
ending For the