The New York herald., 1874-12-18
WALL STREET MATTERS.

TION-H0LDAY NEUTRALITY-SUSPICIOUS. TO
SAVE THE WRECK OF THE NORTHERN PACIFIC
RAILROAD.
Pacific Mail continued TO be the feature OF Wan
street speculative inquiry yesterday without
developing anything new OF local nature. The
evidence given In Washington was vartousy CON-
mented upon, the general criticism being OF .
sceptical character. and the parties In interest
being all there, nothing could be learned here to
supplement- its tale. The interest In this matter
Tor the present centres IN Washington and Wan
street Is only listener. This much however can
be said OF the situation Wall street Is q most ex-
cenent listener. The general current OF life In
monetary and trade circles was otherwise undts-
turbed BY any fresh action OF managerial or repre-
sentative bodies, there being remarkable dearth
OF meetings.
THE PRODUCE EXCHANGE
agreed 10 adjourn over from thursday next to
Monday following, In commemoration OF Christ
mas; but declined to take similar action with ref
erence to the New Years holiday, postpontng con-
slderation OF the subject to the immediate neces-
slty OF sucn action, favoraby or adversely.
THE STOCK EXCHANGE
set its face, represented by the Governing Com
mittee. against any adjournment in this connec-
ton other than for legal holidays. A petition.
numerously signed. requesting an adjournm mens
from Thursday to Monday next week had been
presented, but was not considered. The fact 10
"the boys" have had hard enough work earning
commissions sufcient in six days OF the week to
meet expenses, and the Governing Committee
think they don't banker after too many idle days.
SO that this year that lively element OF holiday
excitement will have to take its joty and irtvol-
ity in concentrated form, making one day an
swer for two.
HANS BRErTMAN's BARDY.
Some furry was occasioned in whskey circles
by recent announcement, IN connection with o
proposition to increase the tax ON whisKey, that
there was an enormous stock Of that liquor ON
hand which would escape the increased excise
a stock suficient to meet current wants for some
tme-and consequently likely, IN connection with
q higher impost, to check manufacture and so i'm
mediate revenue. Yesterday semi-oficial con-
tradiction to that story was furnished, which re-
cais lorcibly that celebrated coupiet:-
We're be's dot hardy nows
This correction says:-''lt has been oneously
published that there are A oo0 600 gallons OF wals
Key now held tor specuiation--s,00 ,000, 900 IN bond
and Se,ooe,oo In private hands. The letter OF
the Commissioners oi lternal Revenue to the
Committee on Ways and Means this su beet
states That on November l5 1870, the above named
amount OF whisKey was reported to be in tho
Inasmuch as more than four years have elapsed
since the date given in the above paragraph tho
pause to consider the question as an importans
factor ,s 10 dssermlning their iuture policy. "Vers
FLoTsAM AND jETsAM ON THE OCEAN OF spRcuLA-
TION.
During the recent panic, and IS one OF its re-
perity had safely carried were thrown overheard
In dread OF laundering. These have not all sunk,
many OF them continuing yet to nOat upon the
still unsettled sea. Here IS sample:-
The following is copy OF the memorial now
bging circulated among Northern Pacific bond.
holders Tor signature - ~
To THE SENATE HOUSE REPRESENTATIVES or TEE
uNlrsD STATES, IN CosGRKss AssxxBLED:-
boiy as iollows:- =
They purchased and now hold the bonds OF the North
ern racinc Railroad Company, corporation created BY
y
e ls' %sSs y
eeS GS % aa 81 sui
remains unpaid thereon
TH % e's 1 he s
M s s sc M Of ss aa Of has & BY o sSs %
.Smsd nssy to sHss Day said inssrss: %
sss ps hss e s
sooSl its receipts are not suciens to dersy It's cur
s sfs o a o q uy w p %
from ON the revenues Of the corporation
Nor No5thslp rasas Ma,isosd 70, pos-
bond.
providing Tor the subscr
The modern origin and small number
States bad until lately the necessity
efficient sysem remedies behalf Of the creditors or
those bodies
The biz herewith submitted to the earnest
ton and prompt action OF Congress designed afford
remedies to creditors of federal corpora siniar
those given by the Legislature Of several against
the delinq subscribers TO capital stock Without
this remedy your petitioners he pess In the
forcement Of their rights With it they will OF
redress which would have been previously afforded bad
the federal system OF corporate law been FULLY developed
at the time OF the establishment OF this corporation.
The common law remedies entirely insufficient for
Of different States Of the gnon D' ~ ''1sn'
Congress having created this body polite and
extent having accredited to the cizens the unted
States your petitioners respectfully submit that they
deserving OF the consderate attention OF your honorable
body.
Your petitioners very numerous GLASS; represent
Ing holders OF $l3,O0OOJO OF Northern Pacific bonds.
These Obligations held In small amounts princi-
pay by the citizens IN the AGRICULTURAL
ing the hard earned pttances Of working depend
largely In these bonds.
Your petitioners unable to enlist powerful friends
solidaed interest They are scattered In every
and village north Of the capital and the Mis-
sssippt They rely upon their weakness tor tho adv0-
cacy Of just c ause, &c.
The petitioners only ask that they be allowed
such remedies at law in the federal courts as in
the case OF State corporation they would have in
the state courts against the SUBSCRIBERS to the
stock, who, falling to pay the amount OF their sub
scrptions according to engagement, issued or
such subscrp ions. such an application Is one OF
interest TINS time and the street will be curious
to note what Congress will do with It,
REAL ESTATE.