davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-02-22
THE LAWS or EXCHANGE.
LECTURE BY PROF. A. L. PERRY.

LECTURE BY PROF. a. l.. fElsh1'
Prof A. /. Perry delivered the second of
course Of lectures Social Science at Cooper Union on
Saturday evening lie took for his subject the question,
Why do we make exchangesi" The speaker intro
duced by Mr. A. S Hewitt, Secretary Of the Board Of
Trustees Mr. Perry said the subject familiar TO
ALL and Intimately connected with our everyday life,
We did have TO ascend into the heavens TO ietch
Everyone In some form other was familiar with the
business Of buying and selling People we're IN the habit
loneed 10 this class TO Everybody bought
and sold. There was one principle underlying an
all mercantile transactions and all trades.
That prGepd was the be f s s
tina. equality Of advantage gave no trade and OF
trade In illustration Of these principles he said let ms
suppose that tailor and blacksmith reside In the same
village, and that the tailor has learned the blaeksmts
trade the baeksmith has learned the taOrs trade
and the tailor can shoe weii the blacksmith
In this there would be an equality OF advantage ala
have to his horse be shOd by the blacksmith when
he could do equally well at home, orwhat Ilotive would
suppose the blacksmith concentrates all his powers
his own trade, until he shoe horses twice as well az
| coats, aud, in the mean time, the tailor bends
| his energies to his trade, and knows how
| to make coats twice as well as ne can shoe
! horses or the blacksmith make coats II viii be
readily that an exchange between the two
vduas was also true Of nations There grave fall
lacy lurking under the little word "compete The mo
the motive to exchange ceased The principal In social
science which justified individual IN making himself
master Of department OF trade as TO gain adyan-
tage OF his fellow also justified nation In develop
ing the peculiar advantages furnished IL by circum.
stances OF climate and position TO the highest point OF
perfection so as to command In return from other ma
lions advantages which 1t does not possess.
All forms OF taxation by nations were calculated
| to diminish the advantages growing out
| OF trade. Internal revenue wac. however,
especially the income tax the least objectionable and
| falrest ola taxation There an Legitimate form Of
taxation called protective tariff This could only last
4 "A could
posed calculated TO prevent commerce. just so far inter
fered with the law OF exchange. and crippled domestic
! industry In conclusion, Prof. Penny said: {" L am
proud TO stand here tonight the champion OF Amer.
can industry. would say 10 the Government could
be heard hands Off. Oh, that the Government would
keep Its pesent fingers on the Industries OF people
The very effect OF protective duties is 10 prevent the
export OF the results Of domestic industry that 10
| TO destroy market, which is all we want-and the
1 broader the better"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-02-22
RANKING AND FINANCIAL.

The late decision Of the United States Supreme
Court that both coin and currency are legal tender
and that all contracts for the payment OF coin ars
valid and may be enforced by law, places the k9d
liability of the Union Pacific Railroad Company 10
paw the interest and principal of its first morgags
bonds beyond question. What some OF the cours
have heretofore held was matter OF honor, has Dow
become an obligation, and must enhance the market
value of their securities.
These bonds are first mortgage upon one OF the
longest lines Of railroad in the world. The amount
will be less than $27 900 per milo. The earnings from
local business over a portion of the road last year
were over five million dollars, and after its compile
ton early this season. the immense through traffic OF
the Pacific States will increase this sum TO fifteen or
twenty millions The payment of both interest and
principal of the bonds in gold u.s. therefore perfectly
sure
The present high price of Governments offers q
favorable opportunity sell and TO renvest in bond
equally safe and more valuable on account OF the
longer period before its maturity. The exchange vii
notc pay profit Of from ten TO fourteen per cent AS
the issue of these bonds will soon cease parties who
desire to invest are invited to make their subserp
tions at once They will be received at the Com
panys Office No. 20 Nassau-st; and by John j. Cisco
81 Son, No. 50 Wall-st.; and by banks and bankers
generally. A pamphlet, with full particulars enl
free on application.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-02-22
dALAsKA" DIAMONDS.

Some unprincipled parties in this city nav
been swndling people from the country By pre'ehan ~
sor them alaska diamonds" which they repreSei' -
THAR advertisements to be equal TO the real
their advertisements they state that when forwaIus
them on order It necessary to inclose ring 10 en
them 10 select one the proper Size When they ae
rdsr conainQ Size ring, II the ring is OF any nc
.heu retain H. and send the ALASKA diamond tug ths
rica NJ which is collected on delivery case VI az
Pind occnred few days since, where q e ,auS
seeing one Of their advertisements sent the sls
taiye dollars and gold ring for specimen OF inc
wanted She received the diamond ring, "a V asnt
rohaby twenty five cents but not the one she aa sbe
hem which she valued at five or ak dollars anu as and
Ala not care to lose It, she wrote on to the oher
receiving no reply her communication wrote 70 se1t
and responsible parties, who, afte- MAKING ua npcn
search and inquiry TO the very inn
sion that Messrs Monroe Co.. HOll95 Broadway no
orters ~ ewelry were myth, "a such nrD cou "a
fnnd nj the place designated No doubt they hau hs
M oeice AT the aforementioned number ana aito .
eTnosure has been forgotten by the public wiz tu, a
some other part OF the city, and under some oo, a.
circulate throughout the country adyertseeh.o ra
which they will offer tempting bats, ahd tnos' WIZ Oh
green enough to bite at the hook will have tno sae n
Story to tell us. There is firm in Har,IoIsu Wa
which has been advertising In one OF the i Sia
York weeklies their extensive coecuOh Va Ai
monds" There Is such article known hos ~ those
as the ALASKA diamond" and the sole oDeu v, liz.
who advertise them is to swndle the unsusPec"s
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-02-22
CRIMINAL.

At the Essex Market Police Court, yesterday,
before Justice Ledwith Max Brak. residing Mt No rs
Madisonst committed for trial In default OF $500
ball on charge OF having during the night OF the 9Th
inst stolen eco belonging 10 Herman Friedman ut his
residence, No. 435 East Fourthst .... ..I ..
At the jefferson Market Police Court, yester-
day Henry Scott colored sent for months the
Island for drawing and threatening IN ont
throat of Mary A. Arnold, ALSO oOlOred The following
named persons were held for trial. John McArdle FOR
stealing t0 Hester Evans for stealing shirts and John
schus, for stealing dozen hOOms belonging TO j. r.
Knapp, OF No. 3S7 HudsOn-st John ODonHeu was hold
for Violating the Exclse Law.
At the Tombs Police Court yesterday, acting
magistrate Alderman Conan committed O lad named
John Boone living at No 2J7 Newarkaye Jersey City.
the charge OF having stolen tin box containing t7b
worth OF Internal Revenue stamps from tho Office OF Mr.
David Felt at No. 81 CedRrst The lad was left Ia charge
OF the Office for short tme and on tho return Of the
owner the box missing. .Nchaels. Toohey was
rested late Saturday hight for conducting himself ia
dlsOrdeTy on the corner OF Broadway and Co
dar-st A formidable looking dirk knife being found 10
possession OF the accused he was locked up for the night
and yesterday committed To tho Tombs. Henry M.
Golding cartman, living ut No. 406 West Twenysxth-
st. and Michael Sharp living at No 81 Cherryst were
on Saturday evening arrested on the charge OF hayng
been concerned n tho theft OF five barrels OF inseed oil
valued at 800 from In front OF the store NO 10 Burlng
slip Tie accused were yesterday committed ~ the
IOlnDs 10 await an examination
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-02-22
THE COURTS.
TILE WINTER CASE.

Daniel c. Birdsal agt John LlviIg ssora the
This is phase OF litigation which mas DeeT pc,Uro e
Courts in various phases for some years Prdsa
AGAINST Livingston for libel The libel was letter Ifo
Iivingston to william Winter. warning MN h gi ~
ienve HIM Another libel suit is brought for eircnar
letter sent by Livingston 10 residents OF TarrytoWn 9e
nonneng Bdsa and begging tho story
supported by his own afldayits, Is sunstaElln,y us
follows: He is the bTotherin-law OF Wllnain WIntcI
The father and mother OF Wllnan m' I,ore that Win
toms wife died about five years ago beloie hat vas
Ter had already shown imbecillty ana lnaa, Du1 mo
cared for by his mother, although not aowed aS nont
AT that time. That his father lelt an est VI
sIco oooSnow worth S3O0OOO-whch Is now produnclns
about 10000 per year onehaif OF wno hdpen That
,,. tbe death OF his IA Their Smith got winter away
from his friends and subsequently tnal bHusa tUt
away from Smith, and induced MN 10 execute 40, 80
rdsal OF his property IN trust for himself Tor me- anu
fiorward for Iyiugson's chiaren that Birdsaii mas
applied the bulk OF this property to s own use nu na
kept Winter. under the charge OF MS own all
prevent his escape. That last Autumn belle
TO be defrauding Winter he went 10 Mestcness,cIh
and after a long search for Winter, during whlch
he found Winter bad been looked OF a q luav 49,
~ bis obhors he traced him 10 Tarry0wn, and tnere
nm short interview endeavored TO enlghen winner q,
10 Birdsals character and was begged Ny Winter
him nriyate letter containing what he wished 10 state
that he Livingston, having taken every precauton ne
eonid 10 provide for his letters reaching WINTER ana n
alone did write TO him tho letter when ~ chhrRgu az
libel Mr. Birdsas story supported by William winner
own affidavit is that that Mr. Livingston mas Deen los
pursuing Winter get him into his power ana Is hhtu
rally dreaded by him that Livingston TOOK proceeehss
De Lfnaieo Ifu0ireudO, and jury decided against nlm
that he attempted 10 have Brdsa removed tI Oh
bi trstecshin and was defeated by the decision OF the
Court OF Appeals and that this was but another attempt
OF the same kind. The defendant claims tnat tnousn
tits letter is libel untrue, It is pri7y being advice
given privately TO Winter on 1ih request ana tnt az h S
rate ii is not case where, unless malice he proved oa
should be required Tho plaintin, on the other manu-
argues that malice Is clearly shown oy inc 0lher stlS
aud by the deendauts previous course IHo NouI'
served its decision.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-02-22
CIVIL.

Iii the Kings County SuTogates Court be-
fore WIN d. Veeder. esq. Surrogate, letters ~ guardian
shp were granted IN the followingnamed estates OF
Mark g. Chapman % Horati0 a. Griswold of Mary, Abra
ham, and Ruth Clark 10 Joseph Clark OF Jennie and
Margaret Thompson to Catharne Campbell al Of Brook
Ign.
In the Y. S. District Court. the only volun-
tary petition m bankruptcy filed during the week ending
on The 10th inst by the Schneider Cornet Manuac
turing Company. During the same week, each OF the
following persons received discharge In bankruptcy;
Dewitt G. HALL John o. Qugley, George Roberts Edward
L. Dayton, Halsted T. Fowler, Max Banck, Emil Blank,
Low Cook, Frederick Rettek William Florence, William
Marchant and Robert g. Hasbrouck,
In the Surrogates Court last week. letters of
administration granted on the estates OF John
Doyle, Maria SaheiD Ann Winerbott0m, Rachel Lest
ner Frederick Kuhne, Christopher Kcbr, John Thomp-
son. Frederick Ley Thomas Darine, James l.. French,
Joseph Kirkpatrick Adoph Weidemann, Arthur Ahunty,
Catherine Brown, Felix Iarkn, Alexander DOwney,
Sarah Osborne, Adam Knapp George Goodheart, William
Owens, Otto HenCke, George Abero, Charles j. Hart,
and Daniel Kelly.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-02-22
THE BAnSUM VAN AMBuBGH INSURANCE CASE

The suit of the Barnum g. Van Amburgh
Mena gerie Company against tile Commonwealth lnsur
ance Company came up before the supreme Court
Special Term, Judge Freedman presiding, on Saturday
This Ne one of the many suits arising 81 the burning OF
the new Barnums Museum. No. 537 broadway. last
March, and comes up on motion by the defendants 10
refer the case on the ground that the question when they
raise fraud I'm stating that their lors involves the
animation Of thousands OF Items The loss, as stated by
tie plaintiffs was within few dollars OF $4,000. The
total Insurance was Sl3)6OO The insuring companies
appointed al agent to examine the case. ana he
reIorted that the loss was as stated. But the
companies did not pay and last December motion
was made OF the suits before Justice Jones to
have the referred the grounds rs pre-
fered IN this case for reference and has not yet been
decided. The plaintiffs object TO reference on the
groupd that tho motion Is merely dilatoryf that refer
VIII occupy year that the question is not
question OF items that proof Of fraudulent statement
OF any one item would be sufficient for the Defendants
purposes that account" within the meaning OF tho
code was not mere account Of number OF Items but
Of bits and credits and that at any rate question OF
fraud could be referred except on consent The Court
reserved its decision.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-02-22
corNTERFErTERs SENTENCED.

In the United States Circuit Court before
Judge Benedict. James Mclaughlin, alias John H. ruler.
convicted Of perjury IN milking false andaflt against
Collector Bailey sentenced 10 imprisonment LOT i've
wears al hard labor, IA the Albany Penltenary' ana
fined N.. Harrison shaw, alias John lalnartIhe WaS
tried for the onense, and received the same sen
fence Joseph L. Rceze indicted for passing counter
felt go Treasury notes hlrd onense WAS sentenced 10
four year at hard labor in Kings County Penltenary
and fined 81 Charles Harper. for passing altered ma
tloual currency second oHense received lA Fe
al hard labor IN the Albany Pcnitcuuary' and hhent
Ifier4o Moletta. for having counterfeit money
IN possessiOn, with intent 10 pass the same, was
sentenced 10 four years, az hard labor ~ the Al
bany Penieutiafy and fined tl.. stephen hocabeto,
for dealing counterfeit National currency received
three wears al hard labor In tie Albany fentenhfy ana
wa aned James Carr, Tor having counterfeit irac-
tIoua currency IN has possession with intent 70 puss to
received three years AT hard labor n tho Kings Coun
~ PenentiAry aud fined ST.. Joseph Barnabo Tor
dealing In counterfeit fractional currency having gwen
important information ~ bother couhteIteteIs%,s sou
fenced only months imprisonment IN Kings Couh
Pcmtentinry ard huod ell Moy was indicted
for having counterfeit " treasury notes IN his possession
with intent pass the same. There being mitigating
circumstances this fine OF $3.50 only imposed
the prisoner stand convicted until the paid
. daniel Coffee Indicted FOR having counterfeit
money IN his possession with intent TO pass the This
being somewhat doubtful case eentence was suspended
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-02-22

State bonds were firm. New Tennessee 6s sold at co;
virginia 6s excoupon, IS. There was large business
done I'm North Carolina bonds and advance OF per
cent was made in both classes Old bonds opened at 61i
and sold at 6 New bones opened at 800 and sold at COZ
Missouri firm at Sal Alabama IS sofa az eo.;
Louisiana bonds were In active demand ana were
held ut the advance OF yesterday Louisiana IS were az
7107s Louisiana Levee 6s e7IGes Levee 49, $685. The
transactions in Railway bonds were Light There con-
tinued demand from investors that keeps the market
firm Bank shares were moderately dealt IN; continent
tai sold at 90; Bank OF the Commonwealth ia Fourth
National 1884, Park Bank 1874 Bank of Commerce, IT,
Miscellaneous shares were dull Delaware and Hudson
sold AT 1884 Pacific Mail 1uctuated between lO5bGlOI
The books closed to-day for the per cent dividend
PAYABLE March l, 1t was quoted ex dividend
ut the close The closing price was lo2i SlO2i.
Tho railway share market was firm. with moderate de-
mand for the leading NewYork Central sold at
l6stsi63. Reading, 92l 09ob; Northwestern common,
So; Northwestern preferred, OIL Rock Island, i27i;
Fort Wayne 100; Michigan Southern 9it At these quo
tations there was moderate demand. and the market
had steady Tone at the Regular Board the amount OF
business was light Hudson sold at 1851; NewYork and
Newaven AS; Cleveland and Toledo, l059l0il; Della
ware, Lackawanna and Western, TIC. Fort Wayne and
Michigan Southern strong at 1901 for the former
and oi for the latter After the Board the market was
dun and steady There afternoon sessions OF
the Boards but business transacted In the Long
Room until 81 O'Clock. Prices unchanged until the
Bank Statement was made public when the market was
from 19 per cent lower At the close the market rallied
and firm at quotations.
Messrs. PuestOn Raymond Co. report the following
closing quotations mt the 1880 q. III. Board;
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-02-22
SATURDAY, Feb. 20-P. N.

Gold opened at 1899, sold at 1887 1889, clos
ing at ls5sai35i The clearlngs at the Gold Ex'
change Bank were s12397lOOO, and the balance sS2'-
%, 49, Cash gold was better demand at the opening
the oanng rate per cent the rate throughout the
day ranged from 81 per cent for carrying The ex-
ports OF specie for the week were S39s previously re-
ported S5s9l72 same time since Jan. !, 1869, a529o
same time 1863 The payments Of specie into the
Treasury for duties amounted s92s9i2 for the week
The payments for interest were only s26a,73i.
Government bonds opened strong, and advanced from
70 per cent upon moderate purchases, CAS- sod AZ
llli0iE 67s 1Os all1t new 62s,l1oiallOa There was
steady investment in them, and also moderate IN
qury for bonds ship by the foreign bankers The mar
ket closed very strong at quotations with few Dohds
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-02-22
HOUSE or REpREsENTATIYEs.

Mr.. MOORE Rep., n. j. presented q petition Of the
shipowners Association OF NewYork for the protection
OF navigation from illegal exactions by the State and
municipal corporations.
TIKI. SRw MEXICO CONTESTED ELECTION.
The House then resumed the consideration OF the New
Mexico contested election case. "
Mr. PETTIs rep, PENN continued and concluded his
argument in favor Of the report OF the Committee adverse
10 the right OF the sitting delegate Tie consideration OF
the subject was interrupted at o'clock by the Sergeant
appearing at the bar OF the House with 20 homer
able cuprts IN his chargethe absentees Of last night
who had since fallen into ms net They ranged IN
the area front Of the Speakers chair and about
10 be formally arragned and inquired OF 70 their
resolution directing that all further proceedings under
lie call be dispensed with. and that the Committee
Accounts he authorized 10 allow 70 the
the amount OF expense incurred by him.
Mr.. JUDD Rep, M inquired what the legal fees Of
the SergeantatArms He understood that one call
OF the House had cost 1915.
Mr. BROOMALL replied that the fees g 20 for each
arrested, and mileage. lie moved the previous
Tho previous question was seconded and the resolution
was adopted The members custody then took their seats
aud the curtain fell on the performance entitled, CAL OF
the House."
The House then resumed the consideration Of the New
Mexico contested election case.
Mr.. CLEVER Dem, n. M, the sitting delegate, adj
OF the Committee and in advocacy Of his own right to
fepresent the Territory.
Tbe Discussion on the election OF EewMexico was
closed by Dir DAWES Rep, Mass), In advocacy OF the
Teport when the vote was taken and the resolution
giving delegate 10 Mr. Chaves the contestant,
THg MEETING or THE FoRIYFIRsT CONGRESS.
Mr. SCHENCK (tep, OhiO). by unanimous consent, re-
ported Joint resolution pOstponDR the time for the first
meeting of Representatives for tho Forty
dat Congress from u O'Clock loon Of the 4th OF March
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-02-22
NEW-YORK DAILY TRIBUNE

,,o hrosa prares To join the Excelsior Coo1y
no Initiation fee, and no payment Oh n.ssssment Of
ponssoo, ,har (which will be made within shoi' ~
ga nav the eI expenses Of the Locating Committees
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-02-22
COURT CALENDARs-THrs DAY.

SUPREME CoURT CRCUT-PART L-Oyer and
TeIuipor--Ho Circuit CalsnAar
COMMON PLEAs-TRIAL TERM-PART L-Both
pars adjourned for the term '
Ihs other Civil Courts adjourned % Tuesday.
COURT or OYER AND TERAiISER.-The People agt.
Donsto hagGdo-homieide
COURT OF GENERAL SEssTONs.--1. The People agt.
JohA Coo1seang aung same bomss hcMAOnbuf
gsui same hgt John Wliams-buVay T. Same ag Andrew
skk Ihot ACKNOWLEDGEMENT
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-02-22

COFPEE-Ro 6rmer good demand. al spar rgT oreii
0l5 bags Eclipse. 2O Hura ~ - Azure 1l
and private Other kE cll bl ia
FLOUR AND MBAL-Durng the past week We have pc q'
mske. FOR and Flour and un6r tue les favorable s
from Europe and decline in Exchange prices have declined rs
standing the limited srrTss and low prices current As @
The material reduction IL stock ias 20 s ne @
ward end.ncy the moderate Local and hsa trade as 80
former noticeable and this much f by tbe ae grne
The large arrivals the Lake ports coupled VIII re ues'of
vices Europe exere depressing influence arr noel 6
e the demand promptly The s1u0ri ts 20
month much less than or tie vetd
Jnuay this dns great to the large supplies Of Csl
and FOar arriving a. Liverpool aad tbs los Pe sa
for them. prices Of geot sAis6ng h-.pis wa
tiEiE,e4 az very g., tAs depison IN the r Is az
hence. there reluctance 90 the Of large receiver A
freely butt cannot be denied that more hsn bali The last crop s
still IN the hands Of farmers, AMI hence cict u
doubted have large surplus for export future Drcss ih
depend largely the Euopesn supplies tie potd
the crop OF Winter Wheat The business No. sd Srper
Cue and rather higher prees until YESTERDAY sl 81
grades declined and closed heavy The demand r Choice Fsn ~
has unusually ght and pces have been quite feg thh
present prices they relatively much lower thar a. the West 70
day, tie marke' without chance re os Gi.a
steadier, bu. the Uedrm and hgh grade, I"
du and irregular sales Of 45o bsl California Fosr Is TSs ',
regular sosthsrn Flour more active bat The iaess
grades are aud s 900 bbs Rye Flour att
fssVT ,aes bba Corn Meal active and seseri ses
800 b Baekwheat Flour duh The cossg quotations. To-
t,aas