, 1870-10-28
NEW YORK.
Suit Against Canadian Banks
for Violation OF tho
Usury Laws.
The Money, Stock, and Other
Markets.


Markets.
Special Despatch to The Chicago Tribune.
MONEY.
NEW YORK. Oct e..-Ease IN the money mA1-
ket WAS restored to-day By the restoration TO the
mAfset Of the tunda OF the CaaAdB banks, wrich
had been locked up for the purpose Of sqneeztng
the market. Toward the close Of The tay lo1us
were offered 1t PET cent, With exceptions II I
peg cent
sCtr AaACssT CANADIAN BAsEs-
Late this afternoon It was announced that the
District Attorney had commenced suits against
the Canada banks for violation Of the usury lxws.
The importance Of tais Action eau hardly be over
cat1nated. Last week the Canals bank agencies
In Tits city were lenders Of a large amount
o! guild, satt to be about tt0,sOo, 900, for which
they demanded, ani It celys i. interest daily st the
rate Of 20 TO so per cent per annun- The proceed
ures are violation Of the 1lsnry laws OF this
State, the penalty for which Is the forfeiture Of
the interest and principal Ut tht su1n thus loaned
Unte- ttis law tie District Auorne, Of the city
has commenced pfeceeiinga against tue
,.a1 ada banks represented bJ agencies In
thittctsJ. and for tue forfeiture OF the
3la, ,foo, tGo IN gold they have been
lcntRDY as usuri3ns rates, besides the Interest
rfs.a n tacn for The same In crJes to secure the
CITY It Is slated that al attachment will be Placed
IN al the ass~ts Of the CanaA banks in this CITY,
Sad on tie securities they mar hold collateral
or otherwise. Those who have c0llltcsals In
their hands may be tncouvenlenced for time BY
their detention under the legal attachment to be
issued by the District Attorney. But there Is no
danger Of tie owEers being subjected to
any loss beyond the delay required
to prove thriF legal CLAIM tn
tus colaterals upon r:r::J1.ent Of snets loars
Nth 1tgal Interest," The cn'tency In this market
uutl.r the control Of the Canada banks, Is u.
itma!ed at S., ,o00, 90 IL sil, l,0lo,ta. It Is no;
ftcus that this sum il oa' On cslt, chlcy on stock
,l'aterals. By the act,on Of the District at
torne5, the Canada hacks may lose tlA, ,0El 900 OF
ro1e Of the gold the5 have teen lenans but this
u be hui 1eA 'lte T. the iosses Of the borrow.
t1s IN call
rrrcnAsE OF Eosps.
The Assistant Ttrasurrc also Icceiye.l offerings
Of ,2oo. $50 IN nve-txcn1lcs. at prices ranging
from lVe 4il00, su t3 S9l0o, AID accepted - 0s0-
tco, at The Invest figure.
GtLp.
fiolh ranged between 1l3t amt fllE,
closing, after the bDard adjourned, at the
litter quotation. The rste paid for carrying wAs
PER cent. The e1t ct OF the news Ut the fall ot
Metz, aEd the desperate condition OF French ai,
fairs, Will undoubtedly be felt In the market TO-
norrpE.
FOREIGN EXCHANGE.
The foreign exchapRe market Was quiet and
nsm o1 the basis Of 1c9t to le3.. for prime bank
els' 6o-day aterltg bla, and sight 1U2't to ITO.
GOVERNMENTS.
Government bonds 1ere quiet and steady. The
stock market WIS dull, the only feature being the
sharp decline IN r1nlDa anu M1ripos1 preferred.
WHEAT.
The wheat market was dull, aud closed tWc
csnts lower, Private advfccs from Liverpool! r.
rors some recovering there, but this was neutral.
lied here By the fact that We aro still higher thar
| tho market. Offerings were largely Increased an,
speculative confidence Improved.
| FLOUR
The common and medium grades Of State ant
Western noura we're Gull and nya to ten cent
| lower. The aivance repoEted at Liverpool val
| not accompanied By corresponding orders, and IL
| view Of the decline In wheat, both here and n
the West, and the Increased receipts Of tlour a
this market, holders were more disposed to real
| tie whenever they could get full pztcea But rhl
they were not able to do, aud the business wa
consequently limited
To the A.soeiated Press.i
| CONVICTED OF MASSLACGUFER
NEW TORE, Ucs. 3i.-ln tho Jackson trlM to
day, Verdict Ut guilty Of manstaughter III th'
. t1ltd degree was returned By the Jury. The Re
coruer deferred sentence 10 AeniaJ week
| AABRICAS HlBlK uSIoN.
The American Bible Union has adjourned aftc
the passage OF The resolution recommending SIN,
lar meetings tn Phi}adelphia aud Chicago.
| At meeting Of the Republican aud and Demo
cratic State Executive Committees. to-day, letter
giving encouraging acccnuis.
/ JAPANESE vrsE1uRs.
| Fourteen Jansnese ar1!yed today from Sal
Francisco. Most Of them 80 to Eutopc for 1s
| years scho0uDH. Unly ITO remain iu this country
EA1AL EAhAl Atk ACCIpkkT,
Daniel pflfrr, the wcu-kuown horse traine.
ne1t9s :, nufe ~ todAE hy e.ng threw
REGISTRATION FRAuD3
Edward Jacquts aud John Murphy. two Demo
cratic Judges, we're held to bail tor registering
two men who had bee. PERT np!orly challenged.
Eel. to hare Tut oiore Allen admitted to ball IN
der application ier Wit Of habeas corpus.
The trial OF X bert ., G,ask, formerly Cotone
Of the Fourteenth Regiment Of militia, charge,
Win counterietnK, commenced to-day.
| Three little cbi1aren were badly ,ntu,cs, on
to-day.
| QUARANTINE
Governors Island IL sti1 rigldly qrarantinetl.
| SPECIALIZATION.
onl5 twenty rersous thus far during the CAN
eosa eeasa nave been na'aF'''ze' In tne United State
IAAAANY rAoflCs.
IammanF ts coonizlng large number Of voter
pfctelct OF Law ausl o der, the Horid declaring
thas the u. mferaE will d,sappoint the Radtcaii
os Keeping The peace on eleetton day.
ErKSLR ON Tuk WAR
The Tri5Hnt ards fault with Snmner.s lecture
on the war, ana SAYS II proves his humanity supe
rior to his craftsmanship.
EPISCOPAL fEpERl71oS.
An important movement among the Eptscopa
I Lana Vas commenced yesterday In the meeting
At ST. Johns Chusch nj the First FetIerat &c Coun
g! Of The FFt. s1ant Erlsconai Church OF The
State Of New fork, repl eseutinR the i've d.oceset
! O. which The church III this state ts composed
Bishop Potter presided am, delivered an a1lress.
| HEAVY pAMAGEA
Mrs, Matilda 4. Nc odF. III February. 1866. snct
Gtr1ge 4. O.good for sl0etM damages tor IN.
ar;ea inflicted upon her By rem son Of tht
>*rslt,c with bis vehicle on the track 0
the ElRhth avenue cars, at One Hundred
and Twenfs.dfsh street. That time the jury
arpeat hy the defendant, and the case Yesterday
zane o9 before Judge Brady, Of me Supreme
| IHK Marines.
lTeparatlons are being made at the Marine
barracks for the reception OF detachments ri
.ns s4Ty g n 55
ctnpalies Vi marines called here to remain uuttl
the ei.ctoa If over, IL pursuance OF orders from
numbers about 80 men, all IN = nish state i 81
| efficiency. Tha re!aiorcements to be sent here
WILL doubtless, swell the forces to 100 or 800 men.
| THE RkooKLrS SAry YARD.
| 4 letter Is published from General Slocum to
General Roheton, making IN inquiry Into the
truth Of the statement alleged to have been made
BY The latter that 10 case Of S1ocums reelection
to Congress the administration wuu!t take 1t as
yefdict Of the people Of Brooklyn that the Navy
| Yard should he removed, aud that on the 1ss oil
! December the gates wo1ld he closed, anh the
materials taken to sonic otneE pogt-
! DEMOCRATIC RATIFICATION. 49,.
| The Democrats had GRIND torcnlieht process
sion tonight, estimated 10 contain 900 men,
fol,owet1 By an Immense ratification meeting al
Tammany Hall. Union S4uasv, and Fourteenth
atreet, a. which speeches were made BY Governor
| Seymour, Hon. Michael Z Kerr, OF Indiana, Hon.
james 8 Thayer, Hon. Wm. NJ Tweed. and 9th.
en- The demonstration was quite remarkable In
| size and enthusiasm
| JEWISH CONTENTION.
The rAbbts from different parts OF the country
now II session IN this CITY. nave appointed CON.
| snntee 10 prepare q memorial 10 the Governor oil
Indiana. asking him to uee his executive in1u.
ence With the legislature to have repealed the
lt!orce laws as they now exist II that State, and
] to have the proper laws substituted. Prelnlina-
riB bare also been taken for Ii: establishment
Of High School for the education Of Jewish
| ntn1SterA