The New York herald., 1873-11-04
The Sunlight Of Hope Again Obssnrsd and
Gloom in the Financial Centre.
ARE CHAPLIN & co. ALL RIGHTa
What the Firm Says and What the Central
National Bank Says.
Some Facts Affecting
Resumption.
JAY COOKE & CO.'S CONDITION.

In respect to the general contribution OF thought
that Is necessary for complete understanding OF
the present monetary crisis there was but little OF
new fact presented yesterday that would furnish
basis for any fresh deductions. The favorable OUT
look that had seemed 80 secure on Saturday AFTER
noon was quickly overloaded this morning Dy
the announcement that one OF the great eventu-
alities that had been assumed as basis for
restoration Of confidence had been over-ds-
counted ana that -
THE COMMITTEES WHO HAD GONE EAST ON BEHALR
OF CIAFi.IN CO.,
and who, 1t was reported had arranged "a pool"
or syndicate for the support OF the house. had
failed in negotiations looking to that end, and re-
turned empty handed 1t will be seen elsewhere
that the house accepts this situation, and.
turns II to favorable account by making
the refusal of aid theirs and proclaiming their In
dependence Of any support other than that they
already have. This ought to be encouraging In the
present aspect OF affairs. Beyond this there was
but little on Wall street Ito check the even cur
rent OF the blood and move us on to Madness"
The day passed Off quietly about the precincts OF
the Stock and Gold Exchanges with q gloomy
feeling permeating the air that might have been
as much the result OF atmospheric Effects for the
day was raw and overcast and the present Wall
street mind peculiarly sensitive; or the distrac-
tion incident to an election eve, to-day being Ike
wise holiday, as anything else. rum0r pre-
vailed early In the day, and gained considerable
credence, that
THE PENNSYLVANIA RAILROAD COMPANY
would default on its dividend this payment, which
was. however, authoritatvely denied in the AFTER
noon by private despatch from Philadelphia,
stating that the company would certainly meet
such dividend claim on the 5th inst. And to cap
the CLIMAX OF the situation report was industri-
ously circulated late in the day that A. T. Stewart
was dead, which was, however, generally received
the de,ntea resort OF those who would much
rather have "suspendedn him, but finding the
great dry goods king quite too lively subject to be
thus disposed OF, were compelled to Nil him on en-
tirely. SO much Tor rumors. The Director Of the
Mu In his report TO the Secretary Of the Treasury,
brings to light some facts that may be mentioned
here In connection with the monetary situation.
According to the Director Of the Mint
THE GOLD COINAGE OF THE WORLD
Is less by $780, 900 than the tables accepted a.
reliable set forth. This mistake, 1t Is explained.
has arisen in consequence OF the manner IN which
our Mint reports have heretofore been made, the
value Of the bars having been counted twice. once
as coin actually turned out and once as the actual
gold value There is point here for the constd-
GRAFTON OF those buonsts who insist that there is
no value but gold value. Is the property OF the
world to suffer shrinkage Of $500, 600 because
OF this error, without other reason than the mere
discovery Of this lacta II not, and with the law OF
supply and demand untouched in respect to ex-
change 1t is absurd that 1t should then where is
the sense OF the po uiar cry so often repeated OF
"getting down TO hard PAM as the only solid
foundation And how we going to do II
Another remark OF the Director merits attention
in connection with Secretary Richardson's efforts
at silver resumption
1.-THE TRADE DOLLAR
OF silver authorized by the coinage act is designed
especially for export, and has no fixed value as
compared with gold. 1t may eventually, II the
price OF silver relatively TO gold falls sufficient, to
some extent enter INTO home circulation, but its
export value will always be In excess OF the sub
sidiary dollar.n
Respec tinga
FINAL RESUMPTION
OF specie payments the Directors observations are
equally valuable, especially the closing sentence
..rhe increase 10 the stock OF coin In this country
has been at a very fair rate since the 1st OF April
last, and the Indications are that although there
may be occasional explorations 1t win gradually
go until amount sufficient TO enable tho
country TO resume specie payment is reached.
This much-deslred result will depend upon con-
dtIons which cannot here be dlscussed.n
THE IMPORTS or SPECIE
at this port during the past week have been as
folows:-
oct 27-Steamer Oceanic, Lverpooi-Gold..... S532i
oct g7-Steamer Egypt Liyerpool-Gold ;.:.-. l5ogU
Oct 2s-steamer Morro Castle, Havana-silver .Soo
Oct s-stcamcr city OF Mexico, Vera Cruz-
Gold 2093
&C. cod d. s,s.m.; ). ,.r. I3v;s-silv.; S'ass ss
Oc 2g-Steamer Thuringia. southampton .
Cold Cold ,ss sslSo iSS
oS Goia ia-oy o. new YORK havana-s..e. $500