, 1874-10-18

| showing that undet Mt- 91oeu %a0aHtsauon
there have been paid on the city debt from rove
pucs and taxation nearly 914. .000, 900. and that
the present net bonded debt ($l26, SOC, ,000)
is an increase OF only about $1,000 900 6ver the
deot (s117, 600, ,0oo) existing Whom he came into
office. Mr. Green asserts that. when the city re-
ceiyes the advances made for Improvements, it
will appear that the debt has not increased one
! dollar during his administration.
| ARBITRATION IN MERCANTILE n DIsPuTEs~
| The last Legislature Of this State passed an
act at the instance Of the Chamber Of Commerce
| OF this city, providing for an experiment Of
novel and interesting kind, by creating Court
of Arbitration for the uso Of members Of tho
| Chamber, and all other inhabitants of the city
ssts Of Judge, who is lawyer, appointed BY
the Governor, and such assessorn IS tho parties
| iu each case may choose. Amy member may cite
another before it BY eummons, and, If tho de-
tcndant does not file objection to the jurisdio-
tion the trial goes aud toe judgment has I'LL tbs
force Of that Of full court Of law. Parties other
| than members OF the Chamber may obtain decis-
| ions by joint submission. Tho Governor has
| appointed highly qualified lawyer, Judge Fan
cher, to tue Judgeshp, and tho slttings Of the
court have begun. The Ndtion says OF this:
- The gain to merchants Of having mercantile
| disputes oettled by au immediate hearing before
exports Mill undoubtedly be very 81 eat, and the
! possibility is that the cAEeudar OF this court, like
that ol tie courts of Law. wall before long be
overloaded with cases. The experiment 10 in
fact an attempt to oscape, not only from tho Or
dinary delays Of the law, but from tho ignorance
| aud stupidity Of the average luIy-the employ
mont Of which, in complicated civil cases, Ii
simply piece OF oaEbarlsm-'
OHIO MISSISSIPPI RAILROAD.
Tho annual report OF this road for tbs year
ending Juie 80. 1574, shows surplus Of %25.941,
equal to G9-100 of per cent on preferred stock.
The gross uings Of the road since date OF re-
port (saY July to Sept 3D) S971, ,40l, against
$G9l. .229 fur the same time in 1873, or gain On
tue three months OF 110.172. Included ia tho
Il lotA - AL- tont
December IS I dividend on the preferred stock,
amounting to Sl4l ,050. The to:al sum apple
abIe for dividends out OF the entire Ye2ra buai-
ness was only $25,9i1
THE ERIE RAILROAD rs. VANDERBILT.
The days when the whole stock market MAS
absorbed by the struggles Of Fisk, Gould, Drew,
and Vanderbilt, we're recalled Wednesday last in
tho General Term OF the Supreme Court OF New
York. The suit Of the Erie Railway Company
against a1r. Vanderbilt, for the recovery Of $5,-
50,V00, was brought up on az appeal from de-
cision in favor Of the defendant, made by Judge
Barnard il 1861 The Company claimed that its
properly WAS frauduleutly delivered to Mr. YAM
derbils by its o!ticslB means OF getting the
latter out of their exile 1T Jersey City. Tho de-
feudant denied Any transactions with the Com
pany and ins1nted that'bis settlement with hlr. !
Dew bore no relation to Its Affairs or the frauds
Of its officers.
NEW YORK CLEARING HOUSE.
The Bank Of the Commonwealth building. |
bought by the Clearing House Association for |
the purpose Of it's business, will be fitted up for /
occupancy BY May !, 1875. The various rooms |
will pe improved aud made to represent in detail
the pinces necessary and which have not been /
supplied at The present quarters OF the Clearing |
House. There will be visiting roons for bank
Presdeuts. bsuk clearing deoartment, and
plenty OF room for every convenience desired in
trausacting the business OF tho Asaociatlou-
FINANCES or TURKEY.
Tho recent attempts Of Turkey to bring some
thing like order into her financial chaos, which
led 10 Sadyk Pacha's well-xnown mission to the
:uoney-maa ke's of Europe have finally resulted |
in the pegGtiAtou Of lie" loan Of 500. QUO, 00U,
and tue establishment Of an Ottoman National
Bank. The loan met with considerable outward
success, the applications, according to the Econ
onist. exceeding tho amount At present allotted
tins loan, or indeed any financial meas
ure. will materially improve the dcs-
perAte condition Of the Turkish huan-
ces. Her nA'ional deb: amounts to more than
600, or moro than half Of her last years reyo-
nue. Although the budget for tho current year
shows deficit Of $1.4G0, ,0U0 only, lbe actual sum
will doubtless be largely in excess Of this estl-
tralily leduced from the figures Of tho previous
year by nearly $5.000, ,0"o while tile revenue WAS
iu like manner increased By nearly $17, ,000, coo.
In view Of tho famine In Asia Minor and other
districts. the really collectable taxes will hardly
Dc Increased BY one-fourth the amount antici-
pated.
NEW YonK, Oct. 17.-Custome receipts, $685.
200.
The Treasur, distursed s52, 900.
Dry goods imports. So Coz 010
Money closed at 2l5; prime mercantile paper.
5@s, long and Short
Sterling stcudy; exchange 1885 for sixty days.
and 4351f for sight.
Gold was dull. There wero for transactions
It llD-th- only rate to-day.
Borrowing rates, -@2 per cent.
Ciearings, SIC. .242 ,00u. ...
Customs receipts for the week, 81. .966, 900;
specie to Europe for the samo time, s3l5, 1865 in
silver bars; 1mpolts-dry goods, 81, 703,8l1
merchandise, 81, 533,259.
Governments qalet aud steady.
State bonds steady, at nominal prices.
Rail, cad bonds quiet
Stocks q1iet AID without marked change In
,rces, the nnal figures being Is per cent above
he lowest points Of the day. Sales aggregated {
$4,000 snares, Of which a. TOO we're Western
Juion. IL, lU1 Pacic Nail, 33.so0 Erie, 20600 +
lake Shore. 5, 100 Wabash, T. l0n Ohios.
THE WEEKLY BANK STATEMENT. r
Loans. iucreaae. 9397, ,4Uo; specie, decrease. t
b. 95s 930 lcga-tendels, decreaoe, 81. .637, ,1u0;
Ienooits decrease 53,34S, 500; circulation, de- c
teAse, Sol, 800; reserve, decrease, g., 795,97
GOVERNMENT BONDS. +
'onpons, 81 ..1ls:1 Coupons G7.... ..117X
Coupons Ca. .-..n3 Coupons, 49,. .117.i
coupons. 64..... LEX Now 5s.... ........112I
toupous o9.-..-. ..i!t lu-4M... ...-illsi
coupons LICK Currency 117d
|