The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-03-05

Mining shares dull and generally heavy. AT the
nrst board Quartz Hill sold at 81 20 81 Consolidated
Gregory Gold So so sl2 IS; smith ParmIee SO 25
Colombian Gold and Silver 81 l5 AT the second board
Quartz Hill closed 15c higher than at the frat board
selling 81 40; Columbian Gold and Silver &C., selling
at 81 %. Smith Parmlee loo. lower, selling at
90 L.
rhe text Of the Compound Interest Note BILL as passed
by both houses, is as fo!lows:-
Be Il enacted. &C., That for the purpose Of redeeming
and retiring any compound interest notes outstanding
drsosd 70 issue temporary loan certificates in the man.
prescribed by section four Of the act entitled can
70 authorize the issue OF United States notes and for the
redemption funding thereof, and for funding the
floating debt OF the United States" approved Feb
ruary IS 1862. bearing interest at rate not exceed
Ing three per centum per annum principal and interest
payable IN lawful money on demand and SAID certificate
Of temporary loan may constitute and be held by any
national bank holding or owning the n part OF
the provided for in thirty one and thirty
two Of the act entitled IAN act to provide national
70 plovide for the circulation ana redempon thereo
approved June 1864. Provided that less than two
hs Of the entire q such bank shall consist Of
that the amount Of such temporary certificates any
time outstanding shall not exceed $5o.ooo, 900.
The Secretary Of the Treasury Is authorized by law
which this bill renews to issue fifty millions OF legal
tender notes the purpose Of rcdeemng these tempo
rary loan certificates, but other terms The
.duotion OF the amount from hundred and fifty mil
bers Of the conference committee being radical
tonsts, and tho House, OF the laeness Of the
session. adopted It's report The measure gives satsfac
ton none and Is looked upon too imperfect to dis
pense with further legislation on the subject
Boston journal Of Saturday evening remarked as fol-
lows the effect Of certain financial irregularities in that
city, 70 which we referred a former OCCASION
State street to-day been the scene OF great excite
ment on account Of certain financial irregularities which
involve large amount OF money, and may be directly
attributed TO the spirit OF speculation which has been
common during the past few years Late yesterday
afternoon II announced that the broker and bank
ing nrm Of Mellcn, Ward 4 Co had suspended; aud
they had operated largely in copper stocks the effect
tho market was felt to-day, especially IN Copper Falls
which sold yesterday at "a and to-day declined to
20. During the day II was ascertaned that this
failure had brought 10 light irregularities which impl
cate large number OF persons and involve several OF
banks in heavy losses IL Is stated the street
that Mr. Julius r. Hartwe cashier OF the Treasury,
obtained certain gold certificates large amount OF
money, which he deposited In the Merchants Bank.
He subsequently withdrew this amount which Is stated
10 rach five hundred thousand dollars by deposit
ing check certified by Charles II. Smith, cashier Of the
State Bans To-day the check held by the Merrh"--s
Bank was presented 10 the STATE pa
fused pay moni On H.