New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-09-20
NEW YORK.

Dull-Runnins Up Interest on Geld
Tammany Frauds.
NEW YORK, September l9.-The commit
tee Of seventy has just had meeting and
adopted resolutions sustaining Mr.. Green
The latter has issued notice that the in
terest on the bonds and stocks of the cor
poration falling due on November will be
courthouse on that day, and that the trans
fer books will be closed on Wednesday.
A letter from Richard o O'Gorman to Mayor
Hall says, in relation to the action of the
latter concerning the matter of the control
ler's office, he should be governed more by
considerations Of expediency and sound pol
icy than by those Of merely strictly right or
legal power. He can not advise Mayor
Hall to take any step that may lead to COM
Connolly as controller. If he does not
think him entitled to fill the Office de jure,
treat him as controller do fac.o. This
course. he thinks, will prevent financial
difficulties and the continuance of that pub
lie excitement and sense Of insecurity which
prolonged legal controversy would inten.
sify.
Arrived: Merrimac Rio de Janeiro, China,
Samaria, Magnolia and Georgia.
Gold, Is. Governments opened steady and
State bonds dull.
The excitement in Wall street to-day was
caused by manipulations for higher rate
Of interest, and before the close of bank
ing hours call loan rates were put up to
7 per cent, for the first time in months-they
were up to legal rate of interest. The ad-
vance in money was warranted by the legit-
mate demand
At one time, during the afternoon, it was
reported that one Of the large city banks
had called in all its loans, about five mil
lions Of dollars, and agreed, for considera-
ton, not to lend any money tor a specified
time. This report, which was not without
its influence, was authoritatively denied at
the close.
The gold syndicate made another sue
cessful squeeze in each gold. At an early
hour, the syndicate, and its Canadian bank
and other friends, called in their gold pre-
viously loaned, and sent in to the gold room
to bid furiously and in an extravagant
manner for the use of cash gold. By thus
device, the borrowing rate for cash gold was
run up to g and 7-l6.
Richard O'GOrman, corporation counsel,
has written another letter to Mayor Hall,
saying that since the decision of Judge Bar
nard and others, in which he gave quasi
judicial sanction to rumors which have been
rife in the city of gross extravagance in
some of the bills presented by various con-
tractors and paid out Of the city fund, it
seems to him proper that the corporation
should take effective steps to recover these
moneys if sufficient evidence of fraud can
be obtained to sustain an action. He asks
for instructions. and Mayor Hall responds,
substantially leaving the matter in O'Gor-
mans discretion, knowing that he will per-
quences outside of duty's sphere.
Five-twenties of 1864, 1l5h; 65s ll5h,
new III; 67s 1l4h; 68s ll43b; ten.forties
Ills. State bonds are dull, and very little
change in the prices or business Tennessees
70h, new I'm; Virginias 62la, new 68;
louisiana skies Is, new 60, levee skies II,
eights 81; Alabama eights 100, fves g.;
Georgia skies 81, sevens 81; North Carolinas
Az, new %; South Carolinas IS. new Sc.
A man named General Anfide is said to
be under arrest, charged with completely in
the theft Of the vouchers from the control.
ler's Office.
The Erening Post says: It is said Mr..
Sweeney, who has been away from the city
for several days, was not consulted by the
mayor as to the appointment of Mcclellan,
and that he has not favored violent stems in
opposition to Mr.. Green. It appears
Sweea on his return, at once consulted
several Of the party leaders, and all agreed
there was no necessity for disturbing Green.
Sweeney accordingly has written letter,
as rumor adirms, to be shown to all parties
concerned, advising Hall to accept the
opinion Of O'Connor, and the action Of Nc
Clellan as conclusive that he should ae-
knowledge the right of Connolly to appoint
Green deputy, and accept and recognize
llm IN the office, and that the routine Of the |
government 60 on as usual. 1t is asserted
Hall will accept Sweeney's advice, and re- |
cognize Green as acting controller.
A committee of the Tweed central asso- |
citation waited on Tweed this evening, and
rft tHoiO <,ro n
integrity, and also assured him Of their con- |
timed support.
Tweed expressed himself willing to invite
the most searching Investigation OF ali his |
public acts.
At the Goldie benefit yesterday the old
Atlantic nine beat the Mutual nine by !
core Of Is to 3.
A fire in Brooklyn yesterday destroyed
the cotton factory Of Goodman Il Myers.
Loss, 425, 1000, fully insured.
Ali quiet ct the city hall this morning.
General Mcclellan declines to accept the