New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-04-24
NEW YORK.

The BULBS Head Bank Reopeued-Recor>
der Hackett Threatened-Money Mar
Act Counterfeiter Arrested - Selma
National Bank in COurt-The Stokee
Case Argued - Bergh Arrested for
False observation-disclosures of the
National Board of Trade.
NEW YORK, April 23-The Bulls Head
Bank reopened to-day. OF the million
dollars due depositors, three-fourths have
been paid.
The President of the Union Pacific ROAD
says that its financial condition requires tho
| abrogation of the Tree pass system.
-SeminOle-Arriyed out-BaesS
| via.
Recorder Hackett produced, in the Court
of General Sessions this morning, letter
| he had received through the mail, threaten
| Ing him with death in case he again seryr
| fenced prisoners to long terms of imprison-
ment Tor what, in the Judgment of this
senders OF the letter, are light crimes The
| letter states that body of men have
| leagued together, and are bonnd by oath to-
be avenged on the recorder by killing him
| or some of his family in case he does not
| heed this warning.
All sales of gold to-day have been aS
ll7A 0ll72. The tone of the gold market
| is heavy, the calculations being that, in
| Guiding the disbursements of May interest
and weekly sales, there will be about
within the next four or five weeks. In the
| money market there is some apprehension
OF another advance in rates, notwithstand-
ing the natural Influences in favor of
| steady market, at about per cent. Bor-
rOwers on call having stock cOlaterals have
pald. l-32 to l-36 to commission in some
| cases. Government bonds are fraction
lower. Southern State bonds at the board
were dull, $1,000 Tennessee old, selling ae
80. The stock market has been very dull
with prices barely steady.
Eli Brown, who is said to be one of the
most dangerous counterfeiters in the North
west. was arrested at the Fifth Avenue
Hotel to-day.
An advance of ten cents per ton on this
whole line of coal is announced.
&. Cadle, Jr., receiver of the First Ma
tional Bank of Selma, has brought suit i'm
the United States Circuit Court to eDioin
Benford, B. A. Tracy, and others, from
continuing the suit to obtain possession of
SIG, l28 81, which had been deposited by
the Bank sf Selma in the Ocean National
Bank of this city, and which had been at
tached by Tracy. The suit of Cadle is
based on the fact that the Bank of Selma
owes the United States government $780,
600, for which Judgment has been received,
thus the United States lien on the money
in the Ocean National Bank, which Cadle
prayed might be paid over TO him, to partly
ernment.
Judge Blatchford to- day granted the ins
junction, but the question as to how much
OF the money shall be paid to Cadle is rec
served for argument.
After the decision rendered in the pre-
liminary issue in the Stokes case tOdays
the argument began on the bill of excepo
tions Mr.. Tremaine made long argue
ment, cOntending that new trial should be
granted. He was followed by Don Passass
1t ls expected the arguments will be cons
cluded tomorrow.
Henry Bergh was arrested to-day on the
suit of Dennis Christie for alleged false ime
prisonment. He was released ON $1,000 bail
Money worked a little closer. Call lOan9
ranged from l-32 to 3 81 per diem, with late
street dealing at l-l6. Exchange very dull;
actual business S19 Gold opened ll7A, ado
vanced to l17A, fell to ll7A, closed at 1l73s
0lHh. Loans were | to 7 for carryinge
Governments quiet at about last nights
prices; very steady all day.
The seventh annual convention of the
n ttional Board of Underwriters met here
this forenoon. The convention was called
to order by Mr.. Henry A. Oakley, president
of the national board. Among companies
represented were the Franklin of North
America; Pennsylvania and Reliance from
Philadelphia; National, from BaltimoreS
Factors and Traders, from New OrleansS
also number of foreign companies.
The convOcation was largely attended.
The treasurers report showed the funds in
good condition. President Oakley delivO
cred an address congratulating the associa-
tion upon it's prosperity, and asserting that
its objects for the enhancement of insur-
ance interests throughout the country
were being attended with good results.
He said the Chicago and Boston fires
demonstrated that insuring in compap les
who charge a small competition pre-
MUM was very bad policy. After
all, their premiums or risks were so
low that when heavy losses came they were
not able TO meet thom and policy holders
had 10 suffer
Referring to the Boston fire, he said the
total loss Was estimated 1T $70000,0O0 On
this there insurance in Massachusetts
Of S35, 600, 900, over $l5, ,O0O, 900 in
companies in other States, and over $4,000
900 in companies of other countries OF
this amount $36,875,3t3 had bees paid
which makes 6J.73 per cent of entire losseso
The average per cent last year paid iR
New York State ON capital invested was
7.3l, falling Oft of three per cent. Rec
pOrts Of committees were read AMI cummisp
tees tor next year appointed.
Adjourned till to morrow.