Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1867-08-18
London adyices ofyssterday qnOte Unit

London adyices ofyesterday quote United
States sos at 733.
The demand for corporation checks has
fallen off somewhat. The brokers were
offering to sell yesterday at l5@17e dis
count, aud were buying at l7@1Sc.
Tennessee bonds sold in New York on
the 14th inst. as follows $4,000 ex. coupons
at 6S3c, $4,000 ex. coupons at &c, $4,000
new at 66lc, $1,000 new at 664c, $4,000
new at 66Sc, $4,000 new at &c, and $1,000
ex. coupons at g. &C. Virginia ex, coupons
sold at Soc and North Carolina ex. cou-
pons at 574@57c.
The publication of new sensational
paper was commenced in New York on the
18th inst, and its first issue was made the
medium of series of extravagant state
ments concerning the supposed frauds in
the Treasury Department. According to
the editor Of that sheet, the actual corrup-
ton, fraud and peculatior in the printing
and issuing of treasury paper and govern
ment securities are far more serious than
the worst rumors heretofore prevalent. Ac-
cepting any part of this story as true, the
most astounding event of the day Is to be
found, not in this revelation, but in its eff
feet upon the public mind. There was no
increase of excitement, there was no panic
in financial circles, there was no breaking
down in stocks, there was hardly an extra
ripple on the stream of business. These
extravagant stories caused no excitement
whatever in Washington The New York
Journal Of Commerce of the afternoon ofthe
18th inst. says:
"a correspondent inquiries about the re-
ported loss in the Treasury Department
some time since of million dollars in
government bonds. We reply that the
securities to this amount were missing, but
after a careful search, they were found
where they had no business to be-ani were
restored to the proper custody. At the
time some curious people asked whether,
if the loss had not been accidentally, or we
had better say opportunity discovered, the
missing values would not have found their
way into other hands; and some ill-natured
persons were bold enough to inquire if the
securities were not actually filChed, and
only restored to their curious hiding-place
after the search began. We are not able TO
answer either of these questions, but will
say plainly that we have never been at all
satisfied with the explanation of the affair
which was given 10 the public. The story
that was told was far more difficult to credit
than would have been some less mysterious
hypothesis We are informed that some
lots of coupons have been received and
paid at the Treasury Department, and af-
forwards charged off to profit and loss on
the ground that they we're counterfeit. The
explanation is plausible, but one of the sos
called counterfeits submitted TO us for ex-
animation had all the appearance of the
genuine article On the suppositiOn that
the charges of fraud and oYer-issue will
dwindle at last to the dimensions we have
assigned as probable, it may well be that
these extra coupons are from the genuine
bonds-carelessly or surreptitiously issued
in small amounts during the rush of busi-
ness at the department"
The New York Post of the afternoon Of
the 18th inst. says:
"In confirmation Of the repeated contra
dictions given by the press to the specula
tive rumors which have foe some months
past been 50 industriously circulated by the
gold operators and stock ,jobbers, thatthere
had been an over-issue Of government
bonds, we have to-day the assurance from
the highest authority that there is not the
slightest foundation for the rumors in ques-
ton. As far as has been ascertained by
the most rigid and thorough examination,
there has not been the over-issue of dol
lar The opinion on the subject which has
been established In the public mind is sut-
iciently indicated by the frInness and &C
tiyity of the market for fvetwenties and
other government securities"
Capital continues abundant in New
York, and temporary loans were freely Of
fered on the 14th inst. on acceptable stock
collaterals at 4(95 per cent, and upon gov
eminent securities in large sums at 3 per
cent. There was not much doing in COM
mercial paper. The amount on the market
was comparatively small, and the trans
actions were mostly limited to the best sig
natures having 10000 days to maturity,
which were taken at Coz per cent. per
annum discount, although selections we're
made from other we'll known names Of
longer date at 7(98 per cent.