New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-03-09
MESCELLANEOUE.

Stampede 10 sell Gold-sp.eie Payments
He.uuel by New Work Business
Flrms-Seid Fluctuations Hesterday-
Son shot by his Drunken Fsther-Shs
ainia Governor On she state Finances.
New York, March S.-The gold excite
ment, today, is without q parallel slnce
September last. AS the day wore along the
anxiety to sell assumed q mania, the equal
of winch had never been witnessed hereto
FORE The fluctuations were unusually fre-
uuent everywhere and in financial and COM
mercal circles the gold question was the
main topic of conversation. The continued
downward tendency Of prices was felt
throughout all the ramidcatlons OF trade.
The excitement in the gold room was ln-
tensifed by the many kilograms from Wash
ington, one TO the effect that Mr.. Williams
had introduced a bill IN Congress 10 receive
8 part OF the customs III currency; another
that Mr. Fowler wauted the government TO
sell the surplus gold. These dispatches
started the frantic crowd to selling and the
prices fell TO 1l07 at this juncture telegram
was received that the Banking and cur
renCy Committee rad agree to report q bill
in favor OF selling $50, 900, coo. The price
then went up to liz. Here tine report was
denied, and the price fell to Ill. At this
point reports were received that the changes
in the funding bill were less favorable, and
back Went the price to l1l5.
10 the mercantile circles, the decline in
gold had q tendency to further unsettie
business.
New YoRE. March 9.-The stampede to
sell gold to-day continued, and there was
cheering at the announcement OF every de-
cline. Many business firms here have re-
sumed specie payments.
BALTIMORE, March S.--Aziel Lewis shot
his son to-day. aged seven years. When
found by the police, he was spaechies8ly
drunk.
RICHMOND. Va, March S.-The Legisla.
ture received message to-day from the
Governor on the finances. He shows the
debt OF the State to be 245, So 600 This
debt he thinks can be reduced by selling
ont the States interest IN the railroads,
which would bring into the treasury over
S10,000,000. He recommends funding all
the liabilities Of the State, except the for
eign debt, and the issue of new bonds, TO run
from ten to thirty years, with the interest
payable semi-snnually in New York.
The taxation should be so levied that the
interest on this funded debt should be paid
with unvaryiug regularity. Referring to the
proposition fer =. lief from debt, he recon-
mends that no sales OF property for debts i'll
CURED before the close OF the war shall be
made under execution, unless the property
shall b,ing it's assessed value. He recon-
mends that the money acCruug from the
college land grant OF the United Ststes
shall be divided between the colleges for the
white and colored equally.
BIver Intelligence.
SOUTHWEST PASS, March s, 2. P.M.-Barom-
etar 1925. Wind north, northwest; strong.
Arrived: Bark Queen Victoria, Landcrs,
master, forty five days from Newport,
Wales, with railroad iron to order; bark
Wokin. Blanchard, master, forty seven
days from Antwerp. with railroad iron to
Degas Brothers. Sailed: Ship SaraWak
bark Amory, and brig Hermann.
VICKsBUKG, March 8.-Passed up: W. Z.
Arthur at 2. NJ. Down: Grand Era at
II last night, Magenta at A. NJ, Glasgow
at !, Pargoud at 6, Natchez at ?. II.
River rising. Weather clear aud cold.
ST. LOUIS. March 6.-River rising.
LOUISVILLE, March S.-River falling, with
nine feet four inches in the canal.
MEMPHIS. March S-Arrived: Colorado,
from ST. Louis. Departed: Belle Lee. for
Cairo; St. Joseph, Ida St0ckdale, for st.
Louis, and Louisville. River declining.
Weather clear and cool.
CAIRO March S.-Passed uD: Mary Alice,
Groesbeck, Stark. Down: Messenger, Kel-
logg. River has risen three inches III the
past twenty four hours. Mercury 36.