The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-05-20
In.snaenca engages pay The bank 5000 600 monthly,

lntandenca engages 20 pay the bank 5000 600 monthly
sonnsnclng ,be lst instament in Angus next; one.
nail OF whio, nj least rs to be effected gold coin OF
the realm TO enable the bank u consummale said
redemption, the superior civil government authorizes
the bank viii be authorized limit its cash payments
Tor notes to S375o0 per diem. g. An account current
WI % sept WITH interest, at the rate Of per cent
per annnn, 70 Do charged equally both sides OF the
account
1t ! held that by these means the Treasury will be
daembarrassed OF tie periodical necessity which it
perenced in meeting the payment Of the bonds they
ma'ured, aud that henceforwar will be better able TO
discharge It's liabilities 1t is further claimed that
far as the bank Is concerned this institution being the
regulator OF the money market, can discount the
moment the bonds are out or the Market as
hitherto they were like much money locked
up and useless to the community al large. 1t
IL further expected that as soon as al the
capital hitherto invested in dead stock the money
market VIII become easier and natural consequence
that interest win be subject to less fucuaOn than
hitherto. Gold, presume viii be worth more than
heretofore the moment the bank makes the third issue
OF another four millions in notes. The press IN.
ves the bank to readmit deposits per cent per
annum. donbt very much that the directors will heed
it; but If teny did So would ask who win make
deposits 10 any extent while money upon good security
is worth three or four times more.
The merchants and provision dealers after several
meetings, have al last come TO decisive arrange
ment. The merchants have not repudated what they
agreed previously among themselves-to form mutual
fund to tie extent OF ten cent Of their pending ab
that may from tho failure OF any CT the in
solvents who formed part Of The joint purchasers ana
gave their notes accordingly or this per ceniage the
merchants have agreed to collect two and hai per
cent Tor the present The 'mancomnn' system has OF
become defunct and IN uture each provision aer
will only responsible fUr his fde purchases,
and the merchants viii henceforwari look sharp TO
whom they sell. This will clear the market Of great
manv speculative culobcc and restore trade 10
healthier condition in future But to return 10 the ar
rangoment made Out Of the four per cent ''blckmai"
deducted from the amount Of sales Of the eshans by
the Of Bossier Co., the bank PAL escstn1
OF the dealers onehalf is 10 form fund TO
meet the losses tibet may ensue from the fap.e oil any
OF The signers OF the former notes. OF which per
cent to be reserved during the rs year and hen two
per cent successfully for four years All ihn-s vel
considered, il Is thought TO be the best arrangement the
merchants could come to under the circumstances
Bnt on the other hand good faith is at large discount
and perhaps Will never return
One or two firms in this city have been mentioned as
hoys ds combat but this is delicate mater viii re-
iran from naming any I'LL they properly gazetted.
The simple mention viii most likely induce such of
your readers as may be Interested in the trade TO take
in reef or two.n
The Alianza Coole Immigration Company are held to
the penal consequences OF violating the government reg
ulatons in regard to the introduction coolies 1t APP
pears that two Of the ships engaged brought immi
grants than their tonnage warranted and they not
provided with wholesome water during the voyage
IL Is aid that Mr. Hoffman Mexican agent of Juarez
IN this island has been indicted In heavy fine for
ercising the Office Of Consul, unfecognzed by the
government, ior the Mexican republic.
Great losses have been sustained by the farmers in
Bayamo, in consequence of heavy rain storm accom-
panied with bail
am sorry 10 say that decentralization among certain
classes of society IN this island is daily increasing 1t
has not failed to draw the attention OF the authorities
but II does not seem that they equal to the situation
The public mind is considerably preoccupied about the
crimes which now OF common occurrence. As there
Is no obtaining the truth of any OF them u is
occupying the columns of the HERALD with stories
tmosiy magnied to the utmost exaggeration) OF the
same criminal deeds and exploits happen in other
places besides Cuba
As IS usual In the beginning OF the week to-day is
tuesday, the sugar market Is in lu but holders not
the less firm, the basis OF IRIS. for No. IL In
changes fair business been done The demand for
sterling for the Spanish mail is good IL to 12 pre-
MUM. Currency on United States is steady at twenty
nine cent discount and gold bills do. Fregh,s
quiet ! notice the charter of the American brig
Giles Loring, Sagua for North Hatteras at 81 per hogs
head.