Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1870-05-13
NEW YORK.
Wall Street RumOr and its Contra
diCtions


New York, May 12.-The Stock Ek-
change was weak this afternoon on the re-
ports from Washington that the House
Committee on Banking and Currency will
report back, without amendments, the bill
authorizing the retirement of forty-fve
millions of three per cent certificates, and
fifty millions of legal-tenders, and issue in
place thereof ninety. seven millions of new
national bank notes, which is a measure of
severe contraction. Gold was weak on this
report. Late in the afternoon private dis
patches contradicted the report in regard
TO the bill authorizing the retirement of
ninety-five millions of three per cent GER
tifcates and legal-tenders. 1t is said i'm
portant amendments are to be made before
the bill is reported
General stampede in Railroad
stocks.
In the stock market, the Washington
telegram spoken of above was a signal for
a general stampede to sell, and the decline
ranged from l to per cent in leading
railroad shares. A very large number of
weak SPECTATORS were shaken out. Sub
sequently, on denial of the telegram, the
market revived J TO u per cent, but after
wards declined again, and was feverish and
unsettled, closing weak at the lowest price
of the day.
ATOwcring Monopoly.
Private kilograms state that the Balti-
mole and Ohio Railroad Company has
leased the Ohio and Mississippi road on
terms favorable to the latter.
why Not Go over and Fight
The Cuban League adopted resolutions
deIouncing the murder of General Goicou-
i 1IaV, 10 falrn
measures to obtain his body.
ExtraditiOn and Granddaughter.
Commissioner Osborn discharged Mr..
johnson, charged with having committed
murder aboard the Brig Morning Light,
who was claimed by the British Consul I'M
der the Extradition Treaty. The Extradi-
ton Treaty does not cover manslaughter,
which was all the evidence showed the crime
to be.
A Feninn Blow.
A Fenian council of war was held to-
day, it is reported, and agreed the Generals
leave tomorrow morning for the North,
and that blow will be struck next wee k.
Liability of Banks on CertificatiOn.
A decision was given by Judge Brady,
of the Supreme Court to-day, in favor OF
Pitt Cook against the State National Bank
of Boston, in which the bank contested its
liability on certifcation of a check where
the drawer had no funds to meet it. The
amount involved is over $4,000 Pro
ceedings were stayed however, for review
of the case at the general term.
sequel OF the Mcfarland Affair--HC
Turns Plaintiff for Possession OF
His Child.
The public interest in the Mcfarland
case had not subsidized yesterday, and thou
sands of people were engaged in reading
the long evidence published in the paper
by Mrs. Observation-Disclosures. The Late
prisoner, travelled about the city freely, anC
passed two or three hours in close confer
ence with his counsel at the Office of Gerry
He was visited by a reporter, and made
some interesting statements about hi
present feelings and future intentions HI,
pronounced the card Of Mrs. Mcfarland
Richardson to be tissue of misrepresenta
tions. and doubts if she really wrote il. III
thinks he has not been fully indicated
and promises to take further proceeding
in the cause. in which he will upset tn
Indiana divorce case and obtain possession
Of his other child.
SchuN Ter Colfax's deposition, offered en-
excluded in the Mcfarland trial, !
published 1t is said to be interesting i
IFS detail of the circumstances connecte
with the affair, especially the Indiana d
vorce.
Return of the ozark Ages.''
Senator Revels lectured at Cooper Inst
tute last night on the tendencies of th
age.