The New York herald., 1867-07-07

The Boston Journal thus remarks concerning the re-
peal Of the Usury laws in Massachusetts,
II scarcely time speak results which will
arise from the repeal Of the Usury laws only day
has passed since the law, which virtually makes
money merchandise, went into operation. One of our
largo institutions which loans very largely on mort
CAGES recently commenced notifying its patrons that
after July it would notes at tho rate Of
per cent but the money poured in 70 rapidly that this
plan abandoned. and the date for demanding
per cent postponed till next January when, unless
there IS unforeseen monetary panic, another delay
will probably take place.
The aboliEhng usury in tho State was a. follows
Be it enacted. &C. as folows:-SEcroS l. When
there is no agreement for different rate Of interest OF
money the shall continue to be at the rate of six
dollars upon hundred dollars for year. and the
same rate for greater or less sum- and for longer or
SEC It shall be lawful to contract to pay or reserve
discount at any rate and to contract for and
receipt OF rate OF interest provided however that
reater rate o interest than six per cent per annum
shall be recovered in any action except when the agree
SEC g. sections three four and ave Of chapter fty-
three of the general statutes and all acts and parts Of
acts inconsistent herewith are hereby repealed
SEC. T. This act shall not affect any existing contract
action pending, existing right OF action and shall
take effect on the 1st day OF July next
An English journal the French government
has, for the first tme presented the Legislature
general account OF the expenses of the Mexican expe
don 1t appears that the total disbursements In 1861
62 63 a. '65 90 aud 81 363 000f tc14 $685.
200 from whcn however must be deducted 6 OTIS O00s
paid BY Mexico leaving Sol 190 900 tfl2 600 The
6l O00f were thus Receipts in 1854 and
1866, under the treaty Of Miramar 500 0oof sale OF
47625 Mexican debentures to the Compton dEscompte
II, 4,2s7 000f.: interest received Mexican bonds,
s,10o, ,000f reimbursement account Of Vera Cruz
Railway 1900, ,0oof, and levy Mexican customs,
sso0of But the aforesaid SOL 100 o0of though very
formidable ngure, do not represent all the outlay
France has incurred for Mexico. Thus, . portion
Of sum OF 81 0O0f, spent for different expeditions
was absorbed by that country and the indirect loss
caused by the disturbance In trade which the expedition
occasioned be inconsderable. 1t IL said, too,
that the stores the arsenas have been reduced very
low BY the large quantities consumed in Mexico As
set-o, however the French government holds o. 232
Mexican bonds.
Liverpool journal has the following
Messrs Fraser Trenholm Co., Of Liverpool, who,
during the recent In America, acted English
financial agents OF the Confederate government and
who recently stopped payment called their creditors
ge,her at Liverpool on the 18th. From statement
that the gross liabilities were f12is, 600; unsecured
creditors f5l 000 estimated assets f2s2 000 assets
Mr. Prioleaus private estate, $4,000. Mr.. Banner
planned that the statement he prepared had refer
solely TO the English firm, and that there
partners In the American firm, who had no connection
with the Liverpool one In America the United States
government bad taken proceedings against the American
nrm TO attach the whole property Of the firm in that
country, and that actions were also pending IN this
country on behalf Of the same government sgainst the
Liverpool frm TO claim all properly Of the Arm which
could be shown TO have from funds
from America during the The result Of these pro-
eeedings might therefore, materially affect the value OF
the assets II ultimately resolved that the estate
should be wound up under the inspection OF Messrs.
Johl rorr }. Norton u. Hewitt Co.. s X. Brown and
n. w. Banner.
The following s the ofcia return OF the checks and
bills cleared the London Clearing House for the week
ending June 10Th: