New-York tribune., 1874-04-06
LOCAL MISCELLANY.
WALL STREET FACTS AND RUMoRs.
srpoRTEp pRospEcuvE RESIGNATION OF SECRETARY


nr,.>nTvn Prospective RESIGNATION OF SECRETARY
RICHARDSON - PETITION AGAINST HiAA0
sAIE OF THE MoNTCIAIR RAILROAD
Financial circlos are agitated by the revival
AZ the rumor OF the approaching resignation OF sec
tarv NJ the Treasury Richardson. When be succeeded
to the easury Department 1t was Freely reported tna'
he intended TO remain there only suoieht ue W kNo
hin, stans I'm financial circles SO that "heh ho iee
no oona assume the position OF partner In banklnR
bonso with some reputation, which would be so muoh
cani,S 20 himself and partners, and aid him in drawing
sto.. 40 the concern. Ex-GOv. F. d. Morgan is men .
,oroa AZ his prospective successor, and the deduction
drawn from this prospective change is TO tue
affect that Secretary Fish will retire from the state
Department IL would not he desirable 70 nave TWO
ynembers OF the Cabinet from the same State Whether
The revival OF the rumor based information does
No, appear but il was regarded OF sufficient import
spce TO engage attention OF the operators who con-
rreeated at the Fifth Avenue Hotel last evening The
following petition in circulation for signatures request
ing President Grant to veto tending to nan-
cial imitation: w. ,.,, co.,
To ULYSSES s. GRANT President Of the United States:
SIR: The undersigned, citizens or the STATE OF Ne"
York take the liberty 10 address you OH asubect OINe
great importance There is danger that Congress VIII
pass by very slender majority in the senate, an act
directing further increase the volume OF ncOnNe,t-
ne notcs which now form our currency. The under
signed do not propose TO state the argument aganst s
measure any further than 10 refer 10 your known 0pn
ions Ia favor Of a currency with specie basis: They
hold that the contemplated measure wOuId De uausnt
with incalculahe dshOnOr and mischief; that III wOulu
disgrace our country the eyesof the world, and draw
after ii a long train OF commercial disasters.
They therefore eutreat you, In case the measure
should pass both Houses of Congress- 10 lnerpose anu
arrest the evil by veto, assuring you noe only OF
their support in this bold and magnanmous step, Dut
that OF the entire nation, as soon as II snail nave time
seriously 10 consider the abyss OF ruin ana shame from
which you have rescued II.
Tho Montclair Railroad was sold Saturday at
gaylors Hotel Jersey City, under order OF the Court
empowering the receivers to sell Two bids only were
received The sale made to VIM A. Guest for s25o,
subject to the first and second mortgages and interest
Tho mortgages the road to the amount OF
Tho rolling stock OF the Company is inconsiderable.
WHAT TIE ALLEGED SYMPTOMS OF PANIC IN ENG
LAND REALLY AMOUNT To.
From London Tm,S' V1OReV drtIote J Bdrch - =,
Without any absolute cause OF special dls-
Yr the markets continue in tue general state OF uu
No "A which has characterized them Tor months past
and which is as intense # we Were'soWly recover
ing from one Of our decennia panics. 9he condi-
ton of affairs in India, the prolonged detaut on
many American railway bonds and state STOCKS,
the absence OF financial revival at Vehna, The appa-
repy hopeless anarchy in Spain, and the uncertainty
as 10 the amount of Turkish Egyptian, PeruVlau ana
other yet remaining TO be placed Oh the various
Exchanges furnish permanent causes OF depression
hich but slightly ueurazed by the success OF tne
Ashantee and the hopes OF revival OF trace from
the reaction the coal market aud the steAuy pros
Dect OF moderate rates OF discount.