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New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-09-15

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New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-09-15
GENERAL NATURE-No. SOL

IGESERAL NAIURE-No. So
AN All to provide for the redemption of
copper and other token coins.
=, BE 1t enacted by the Senate and House of
Representatives Of the United States Of
america in Congress assembled, That the
Secretary of the Treasury is hereby author
lied and required to redeem in lawful
money, under such rules and regulations
as he may from time to time prescribe.
all copper, bronze, eopper-nickel, and base
New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-09-15
GENERAL EATURE-No 81

I"ENIKAL NATCKE-NO. 50.
Al act making appropriations for the ser.
vice OF the Postosfice Department for
the year ending JUNE thirty. eighteen
hundred and seventy -two, and for other
purposes.
Be it enacted by the Senate and House
of Representatives Of the United States
of America in Congress assembled. That
the following sums be. and the same are
hereby, appropriated for the service of the
Postofhce department for the year ending
June thirty, eighteen hundred and seventy,
two: out Of any moneys in the treasury
New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-09-15
GENERAL NArURE-NO. CT

!GESERAL NATCRE-NO. g..
AN ACT to amend an act for the relief
Jearum Atkins, approved July fifteen.
eighteen hundred and seventy.
Be it enacted by the Senate and House
OF Representatives Of the United States of
America in Congress assembled, That the
act entitled can act for the relief of Jearum
Atkins" approved July fifteen, eighteen
hundred and seventy, be, and the same is
hereby, amended so as to read as follows:
That the Commissioner of Patents be, and
he hereby is authorized to entertain and
exercise Jurisdiction over a petition of
Jearum Atkins for the extension of LET
ters-patent granted to him on the
twenty-first day of December. eighteen
hundred and ttty-two, tor further
term OF seven years from the
day on which such extension NAV be
granted, and TO hear and determine upon
the said petition in the same manner and
with the same effect as if the original term
OF said patent had not expired, and to grant
or refuse such extension upon the sa,ne
principles. that govern his decisions upon
such applications. when made in due course
ct law; provided. that before granting anv
extension upon such petition. the commis.
sIoner shall be satisfied that the same will
inure to the sole benefit of said Atkins: and
provided further, that no person shall be
held liable for the infringement of said
patent, it extended. for making use of said
invention since the expiration of the
original term of said patent. and prior to
the date Of its extension.
Approved March 3. 1871
New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-09-15

AN All connrminr the title to certain
lands.
Be it enacted by the Senate and House of
Representatives of the United States of
America Ill Congress assembled. That the
title to the land certified to the State of
Iowa by the Commissioner of the General
Land Office OF the United States. under an
act OF Congress entitled IAN act confirming
a land claim III the State of Iowa. and for
other purposes approved July twelve,
eighteen hundred and sixty.tw1. in ac-
cordance with the adjustment made by the
authorized agent of the State OF Iowa and
the Commissioner of the General Land Of
flee. on the twenty-first day of Nav. ammo
DOmini eighteen hundred and sixtv-six.
and approved by the Secretary of the In
terror on the twenty second day of Nav,
ammo Domlnl eighteen hundred and sixty
six, and which adjustment was ratified and
confirmed by act of the general assembly
OF the state OF Iowa. approved March
thlrty-one, eighteen hundred and sixty
eight, be, and the same IL hereby ratified
and confirmed to the State Of Iowa and ITS
grantees, in accordance with said adjust.
ment, ana SAID act OF the general assembly
OF the State OF Iowa: provided, that nothing
in this act shall be SO construed as to affect
adversely any existing legal rights or the
rights OF any party claiming title or the
right to acquire title to any part of said
lands under the provisions of the sO-called
homestead or pre-empted laws OF the United
States, or Claiming any part thereof "a
swamp lands.
Approved March 3, 1871
New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-09-15

coed therein to final decree ~ in other cases
in equity. And it shall be lawful for either
party to the said suit to appeal from the
final decree of the saide ;rcnit court to the
Supreme Court of the omitted States, ~ in
other cases, and the Supreme Court shall
thereupOn proceed to hear and determine
the said case and make fa2al decree there
in, and thereupon, If such decree shall be in
favor Of said company, the Secretary of the
Treasury Of the United States shall, out of
any moneys in the treasury not otherwise
appropriated, pay to the said company such
sum Of money as shall by the said Supreme
Court be SO decreed to be paid to the said
company; provided, nevertheless, that no
money shall be paid by the Secretary Of the
Treasury to the said company until the Su-
preme Court of the United States, upon APP
peal taken as aforesaid, shall render a final
decree in the case in favor OF said company.
Approved March 3, 1871.
New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-09-15

low water mark, shall have clear head
way of not less than seventy feet above
low water mark, and the other spans of the
said bridge. extending to each shore, may
be made OF lesss elevation than seventy feet
above low water mark, to accommodate a
regular grade for the approaches to said
bridge. And when the foregoing require
ments shall have been complied with BY the
said Newport and Cincinnati Bridge Com.
pany, the location of said bridge, its struc.
lures and approaches, shall thereupon he
deemed to be legalized. and declared to
be lawful structures. and shall be recog-
hizeo anu Known as post route. The
plans tor changes in such bridge, made ne
cessary by this act. shall be submitted by
SAID company to the Secretary Of War for
his approval. And, in the event of the
Bridge Company making the changes pro-
vlded for IN this act, it shall be lawful for
the said company, after they shall have
made the changes in said bridge, and the
approaches thereto, as herein provided. to
hle their bill in equity against the United
States In the circuit court of the United
States for the southern district of Ohio. and
ful! jurisdiction is hereby conferred upon
said court to determine: first. whether the
bridge. according to the plans on which it
has progressed at the passage Of this act,
has been constructed so as substantially to
comply with the provisions of law relating
thereto; and, second, the liability of the
United States, if any there be, to the said
company by reason of the changes by this
act required to be made; and if the said
court shall determine that the United
States is so liable, and that said bridge was
so being built, then the said court shall
further ascertain ard determine the amount
of the actual and necessary cost and ex-
penditures reasonably required to be in
cured in making the changes in the
said bridge and its approaches, as
hereby authorized Or required, in
excess of the cost of budding said bridge
and approaches, according to the plan pro-
posed, before the changes required by this
act to be made. And the said court is here
by further authorized aud required to pro-
New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-09-15

tHIousn line OF flllIOauS 10 tne racine
Ocean.
SEC. 5. That the said company shall have
power and authority to make running ar
rangements with any railroad company or
companies heretofore chartered, or that may
hereafter be chartered bv congressional,
State or territorial authority: also to pur-
chase lands, Or to accep. donations, or
grants OF lands, or other property, from
State Or individuals. for the purpose of aid
ing in carrying out the object of this COM
pany.
SEC. 6. That the rights, land. land grants
franchises, privileges and aDpurteuances
and property Of every description belong
ing to each of the consolidated or purchased
railroad company or companies. as herein
provided, shall vest in and become absO-
i,neiy the property of the Texas Pacific
railroad Company; provided, that in all
contracts made and entered into bv said
company with any and all other railroad
ccnpany or companies, to perfect such
AFORESAID consolidation or purchase, the in
ueoteuness OF other legal obligations OF said
company or companies shall be assumed bv
the said Texas Pacific Railroad Comnanv as
may De agreed upon. and no such consolida
non or purchase shall impair any lien
when may exist on any of the railroads so
consolidated or purchased; but said COM
pany shall not assume the debts or obl;oa-
tons OF any company with which it nav
consolidate or purchase as aforesaid. to an
amount greater than the cash value of the
assets received from the same
SEC. Z. That the said Texas Pacific Railroad
Company shall have power to make and
enforce rules and bylaws for the election of
its officers and the government and manage.
ment of the business of the COMPANY. and IN
do and perform all needful and proper things
to be done and performed to promote
the objects of the company hereby iAcor.
porated, not inconsistent with the laws of
the United States and the provisions Of this
charter.
Sec. 8. That the right of way through the
public Lands be, and the same is hereby,
New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-09-15


are hereby, extended to all other lands of the
United States on the line of said road when
surveyed, except those hereby granted to
said company.
SEC. IL. That the president of the com
pany shall annually, by the first day of july.
make report and file it with the Secretary
OF the Interior, which report shall be under
oath, exhibiting the financial situation of
the company, the amount Of money received
and expended, and the number of miles of
road constructed each year; and further.
the names and residences of the stock
holders, OF the directors, and of all other
officers OF the company, the amount of stock
subscribed. and the amount thereof actually
paid in. a description of the lines of road
surveyed and fixed upon for construction
the amount received from passengers and
for freight, respectively, on the road.
statement of the expenses of said road and
its fixtures, and true statement of the in
debtedness of said company and the various
kinds thereof.
SEC. IA. That the certificate of the capital
stock must be. signed by the president
and secretary, and attested by the seal of
the company, and shall contain an extract
from the proceedings o. the board of .lirec-
tors fixing the amount thereof. as well as
from this act, authorizing such issue. All
the bonds and mortgages issued by said
company must be signed by the president
ana secretary, and attested by the seal of
sald company, and shall contain an extract
from the law authorizing them to be issued !
The face value Of said bonds shall be one
thousand dollars in gold, and shall be re-
deena6le at such times, and to bear such
rate OF interest, payable semi annually in !
gold, as may be determined by the di. |
rectors. The total value of the construc-
~ non bonds to be issued shall not exceed
ra a;rsy thousand an dollars per mile Of said
land bonds shall not exceed two dollars
and fifty cents per acre for all lands mort.
gagged; the total amount of each to he deter.
mined by the board of directors.
SEC. Is. That all railroads constructed. or
The New York herald., 1871-12-18

Owing 30 the latencss OF the season nut little bu Al,
ness is donc except keeping stocks assorted aud
In tho purchase OF goods necessary for the holt
day trade. Both In foreign and domestic goods
stocks are well reduced.
COTTON GOODS.
Brown sheetings ana shirtings, IN al Styles arc
closely sold up, and on this account grades that
had boon reduced have recovered their former
price, and arc quoted now as firm.
The heavy standard goods have been In good de.
mand with jobbers and good deliveries have taken
place. especially In goods that retail at l2c. IL s
confidently expected that higher rates will soon
rule on many styles. The following revisions have
taken place during the week:-Atlanttc A, 13hc.:
Atlantic II, L3c. Pacific A, 13c.; Appleton A, 13kc.: t:
1885,; Augusta "A. llAc.; Amoskeag A. isc.; Amos.
keag .. l2kc.; stark A. l3c,; STARK B. 1870.
and most tickets In the low and medium grades re
closely sold up. This is owing to scarcity OF
1moskeag a. has advanced to l5sc. and f''S / 70
l4Kc
oostonades are active with clothiers, and o still
better movement is expected.
Canton nannels continued In good demand from
lobbers and but small supply win be carried over
Corset Jeans and satteens move freely, and all
grades are sold up In advance, with prices steady.
all grades are well reduced. There Is an advance
In Amoskeag y to 22c.; do to 2oo., and D to lsc.
Glazed cambrics are active, and prices firm.
and the largely increased demand makes it prob
able that higher prioes will rule In the future.
Prints have moved very moderately, and business
has been confined 10 the choicest Styles The stock
on the market is small. and as dark work IS
abandoned the present supply Will probably be taken
of by the early trade Sprague's ancies have been
reduced to lie.
wOOLLNN GOODS
There has not been very active movement In
wO0en goods, and all the prospects point TO an In
crease In price. Beavers are well sold up. Doe
skins are moving, but quietly. There are some
orders for met0ns but prices are OF nature to en-
courage large sales. Repellants request;
are firm in price. Blankets are not inquired for
cent to keep up assOrtments.
Fancy casslmeres In heavy weights have moved
fairly and all lots at low rates readily taken by
cl0thers where the pattern is desirable. For light
weights large orders are placed; but as they will
not he distributed for some ttme there Is not aS
much confidence a. Is desirable.
The New York herald., 1871-12-18
CATTLE MARKET.
ogs were heavy and lower sc. 5c.wth 800 offered
DOMESTIC MARKETS

GALVESTON, Dec. l6, 1871.
c.p SS ..es ies se ssSs ordinary ' net
NEW ORLEANS, Dec. ie, 1871.
$50; sross ss5 exports TO Great Bftain ssss 10
Barcelona, to Malaga Ieas; to Havre sS coastwse,
MosILE Dec IS, 1871
ceipts $3.50 bales; sales 500 baes stock, 4i5a bales
SAVANNAH, Dec l6, 1871.
msn s ss sfss recs sa @ socs
1850. -~'
Cotton quiet; mddin lac Net receps 1s' al Saes
Sales 800 bales. Stock 1898 bales.
$40 bales stock os bales Spirits Of tarpenne trm a. Sic
y III sS ssSv ar 'ai
TssS e 5
Vines Railroad % Boston, s' Sc &c. to new
.,...... cs.. ;. ggrrALo, N. Y Dec IS ls7l:
No. 2ps @ or easss No.
sss sarfs S@ss @ no . rSss
m.9ss ss.l's: very nS%p.y %as & ~ head
Flour unchanged oos ws,.. a Dec ISL
a5mi No sprins. $i Nv; 10: dcs 81 is,s January.
Yl eos. SoTn IN uemauC nrrn,
No. Mixed Ale. 4l6c January, 4l,sc. n hc; Febru.
ary 42ac. a42Hc April 44c. May, lsc EXc. Uats-A
speculative demand prices higher No al 32c January
Sa,sc NAY, Sce Rye unchanged and quis. No. s2c.
evc Mess ghi holders firm Al SIS eaa o.
$3 75 March, $3 IS @H Lard quiet and weak IS 62k
~ s7Y Jsnuary ays sTuh February. so i.k March.
changed. Green meats steady and unchanged Live hogs
active and firm for be: grades shipping grades dull
ns ds o Whssey active a. sc Total Of hoss packeao date
buahe
10000 bushels barley soo hogs shipmentsl,OO0 bbls.
four 900 bushels wheat 10000 bushels corn JO bushels
oats 5000 bushes barley and 1000 hogs.
The New York herald., 1871-12-18
HAVANA MARKETS.

HAVANA, Dec Is, 1871.
5ssso boxes ana ga haes na ~ hbn a
during the week from Havana. and Matansas sioo
United States Market easier; there Is loss dis
position on the part of buyers to purchase cargocs
OF actual stock on account of q decline London
Exchange, =, About I,5oo boxes Of new sugar have
Rrrived from Matanzas: large quantities
grinding on the estates. Only few contracts
In cayed sugar were effected; owing TO high
merchants. refuse TO purchase. large business ia
tracts continues In muscovados al unchanged prices Nos
~ TO T. Dutch standard l04 aa03 per arroba Nos
Rto lo alsx reals Imports quiet owing to the pror.
ow Buer-sslcs OF superior American at $50 Sa5 per
can. Hams easier; heavy receipts dcpre,s the mar.
ses ss,,.a sales SIS s2o per onints for American
Lardko sales published holders pretend TO quote IKE Ia
kegs aud lSAc 20Ac. In as stock In 6rst hands est
The New York herald., 1871-12-18
FINANCIAL And COMNEacIiL.
WALL STREET, I
SUNDAY. DeC. N. 1871. I

WALL STREET,
SUNDAY, Dec. N, lSTi.b
Tho wholesale markets have been unsettled by the
agitation following the failure OF the three banks
which suspended during the week and BY the BANK.
rupScy or several cotton firms. the dealings In
cotton were quite active and there was also i've
tier trade In dry goods The wneat market was un-
usually dull.
IN WALL STREET
there has been plenty OF incident, but no improve
ment In the volume or business II we except ono or
two DAYS when the distrust 0ccasioned BY the fail
ure OF the banks referred to above started active
selling movement and transferred good deal OF
long stock from the hands OF weak holders into the
possession OF the larger combinations operating on
the "buil' sidc as well as fostered wider interest
on the "bear" side OF the market.
THE MONAY MARKHr,
by Its sudden and excessive stringency, was the
subject or general attention. especially the topic
was brought into conspicuous position BY the de-
velopments OF the week In the way or bank failures
and the resignation OF the National Bank Examiner,
after an expose OF conduct which made his further
retention OF the otilce Impossible. During the
greater part OF the week money the stockbrokers
was worth average Of 1872 Lie, with and with.
out interest added. The extreme rate on one side
was reached on Friday, when as high as
n per cent was paid for balances to close
accounts delayed In their making up to
nearly four O'CLOCK. aud In the other direction,
just twenty hours later, when lenders who had
money over at three O'Clock, accepted as little as
8 per cont. Prime paper was dull, with sales at 8
10 per cent discount. The foreign excnanges
were. on the whole, flrmer as compared with the
previous week ana higher for sterling,
although the Bank Of England reduced the dis
count rate to per cent.
THE GOLD MARKET
was weak. with a decline OF exactly one per
cent-vlz, from ITO to lO9-a sequence OF the
unparalleled and rapid Improvement OF our
bonds IN Europe, to which influence was
added, later, the effect on the London
money market Of the conyalescence OF the Prince
Of Wales. intermediary. too the market was de-
pressed by the extravagant rates exacted for car
rying gold. q condition which utterly checked any
disposition TO buy Nor o brief speculation on the
"bull" side There was also an absence Of spirit On
the sbear' sde at least to undertake sales at the
present stage OF the quotation. and hence the
'bulsn who have held on have had little relief from
borrowers Of their gold. The extreme fluctuations
daily In the prlca Of gold during the week were as
f0lyon
The New York herald., 1871-12-18
GOVERNMENT BONDS.


Tic government list was nrm considering the de.
cline IN gold, in which medium translation OF cur
rency prices would show sharp Improvement.
The 67's seem to be taking the place or the 62's
foreign Investment, and are quite active in the Lon
don market. The new fveS have been quiet
and steady. The following were Saturday, closing
street prices:-Unted States currency skies, l13A
1,s1s; do. do, 1884, registered, 11SA Ia; do do,
coupon, 11T7s 1l7ss; do. lvetwentes, registered,
May and November, 1925 ll0A; do do. 1892 c0u-
pom, DO, 1oo7S ll0h; do. do, 1864 do do, ITO q
l101; do. do, 1865 do. DO, 1llH Ill n; dO do,
registered, January and July, MY ll1X; do. do,
1885. coupon do, ll3X ia; do do, 1857 do. do,
l151S 1l5sS: do. do. 1858, do. do, 1854 1l5H;
do, ves Of 1881, funded, registered, 100 1O9,4:
do. do. do coupon, 1u9,s 1O9h; do. ten forties,
resiste red, 1881 lo91s do. do, coupon 1929
IOsS.
SOUTHERN SECURITIES.
The chief activity in tile Southern list was In the
new South Carollnas, which at the close went of to
27H. The VirgtLlas were nrm, especially for the old
bonds and the new consols. Tenncssees declined to
65 after rather steady market at 651E o6. The fol-
lowing were the prices at the only cali Of the State
Stocks on nSaturday:-Tennessee sixes old, 65; do.
new 65 bid; virginia skies, old, e21s o31l; do
sixes new SO 10; do sixes registered. 81 bid; do.
do, 1885, 81 bid do. do. 1867, "a 6S; do skies,
consolidated 81 645; do skies, deferrec, 241 81;
Georgia SlXeS 6l: NOrtn CarOllna SKIES, OLD, 81 q
35h; do. funding act 1885, 29h; do. DO, 1855, "a;
do. new, IL bid; do, special tax 13 14I; South
Carolina sixes, SO bid; do, January and july 27H
bid; do. do. April and october, 27h bid; Missouri
sixes 81 bid do. Hannibal and 81. Joseph issue, "a
96,s; Louisiana sixes, 65; do skies, evee bonds,
"a bid; do. eights, do IS bid; Alabama hves CT;
Arkansas sixes, funded, 81 55: Texas tens, 1876
90 a 90.
THE BANK STATEMENT.
The weekly statement OF the associated banks
proved very favorable and the effort to place them
selves In stronger position Is reflected In de.
crease OF nearly eleven millions In the item or
loans Part OF this total IS made up by the absence
from the Clearing House sheet OF the broken banks
whose loans were between three and four millions.
Allowing for this reduction, ana for the average
decrease occaNoned by the calling In or loans by
the Broadway Bank, II Is fair to presume that the
contraction Of accommodation on speculative
stocks has been pretty nearly five millions. The
gain In specie Is once more surprisingly small, and
revives the question OF the whereabouts OF the
s2 coo OF gold dsbursed by the Sub Treasury In
redemption OF '62 bonds since December l. The
statement compares with It's predecessor as fol-