The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-03-23
COMMERCIAL MATTERS.

in excess Of the demand tor Canadian con
sumption. It is believed in Washington that
, the excess finds lis way into the United
States without payment OF duties.
cargo OF flour from st. Louis to Liverpool
reached its destination in % days.
When Mr.. Boutwell, was Secretary of the
Treasury, he decided that the duty on chicory
was one per cent per pound, but OF late, Mr..
BrlstoW has fixed it at five cents The i'm
porters and grocers Of New York feel ag-
grleved at this, and at meeting they APP
pointed committee to proceed to Washing
ton and see about it,
, A dispatch to the London Times, from Ber-
In, says the Prussan Government has inter-
cepteda large consignment of horses bought
in the Empire by French dealers, upon the
suspicion tha. they are tor cavalry horses for
the French armv
1Ihere is undoubtedly an uneasy feeling in
financial affairs in London. The constant
outflow Of specie to France, and also the &C.
Ntual shipment of considerable amounts from
London back to the United States, makes the
Bank OF England apprehensive of drain of
Hspecie. The directors also view with amaze.
ment the steady increase of financial power
in France by the accumulation of specie
there, and wonder how this power is to be
used-whether for the injury Of Great Britain
or not. Two large failures also in London
last week have added to the .uneasiness.
1t was represented by some of the financial
papers of Berlin and other European centers
as early as February 20, that while the Bank
pf England had only 500, 10000 in specie,
Me country had Lecome indebted, during
january, for $4,000, 900 to France, and for
bme 100000, 600 to the United States
produced by the balance of commerce which
mad turned against England Although it
was believed these figures were greatly exag-
gerated, the mere discovery of the spirit to
lnjure Great Britain has helped to increase
the uneasiness. 1t is probable that this feel
| ing will wear off, and that the very apprehen-
| slons will put British capital on its guard and
! thus prevent any trouble.
The Controller of the Currency writes as
follows to the Revenue Reform Association in
New York city, in regard to the two-cent
| stamps on bank checks:
Treasury DEPARTMENT., j |
Office of the Controller of the Currency,
... WASHINGTON, March 10, 1875. |
Sri have received your letter of the 18th |
inst, with Enclosure The Commissioner of
Internal Revenue claims the right, under sec
ion 81 Of the act Of June 8, 1868, and section
8 OF the act of July 90, 1868, to make
Examination OF checks in national banks, with
, view to ascertain whether the required
Ftamp has been affixed thereto. Whether he
has such right has never been judicially de-
termined, but if any national bank shall OBJ
Ject to such examination, an issue NAV be
made and the question brought before the
courts for adjudication
Very respectfully,
JOHN JAY KNOX, Controller.
The Controller probably was not aware mt
the date of his note that there had already
been an adjudication of this point in one of
the United States Courts. On the 9th inst,
at Jefferson City, Missouri, Judge Krekel, of the
United States District Court, gave an i'm por-
tant charge to the jury, in the case Of the
United States vs. Thomas d. Price, a banker
OF Linn county, who was charged with pay
ing uns.amped drafts or orders. The Judge
sad that the defendant could not legally paw
or cause to be paid any draft or order without
the stamp affixed. He who pays such an in
strument unstamped violates the law, and the
! Nv presumes from such payment an inten-
ton to evade. The law does not allow the
the stamp to be affixed af er payment, except
on conditions specially defined. Not with
standing this charge OF the court, the jury !
gave an expression to popular feeling on the !
subject by bringing in u1dict Of acquittM :
settlement of The long continued strike
It Fall River, Mass, now seems probable |
The splnners, weavers, card room hands. c
'lashers and spoilers having resolved that c
hey would return to work within twenty four t
hours, provided that the manufacturers will
;oncede the ten per cent asked for. This
resolution Is signed by all the unions, and it ;
'emalns for the employers to accept the pro- {
oosal, which, it is claimed, they Will do. v
Embnrrn ssment. of Mercantile Firms.
New York Tribune, 18th inst.l
The principal event in financial circles yes
erdiy was the announcement of the EN- ar +
assment Of the firm of Albania & Fuller, Il
ugar refiners, of No. 1O7 Wall street. At 81
lrst there was considerable difficulty in OBJ s.
aiming detailed information in relation to the o,
natter, but finally the members Of the firm 81
omitted that there was q Temporary emba--
assment, which they hoped to overcome
trough the leniency of their creditors and
he amount of their assets D;
The firm IS rated on the Mercantile Agency l.
$ being worth over million. They have y.
lst finished new sugar refinery, costing A
400 900, and this, with the difficulty found
! getting rid Of their refined sugars in the :
resent dizziness Of business, crippled the co
rm seriously The maturing paper amounts tn
ABOUT s3SO.00o, to meet which the tirm ." ,Y
ave In sug r. on hand, cash in bank, etc, -
bout $3.50 600. Their paper is mostly held =
| large blocks by the city banks The cred
ors have granted an extension Of this paper +:
7 the basis OF two, four, and six months di,
me- The private property of the individual alb
e'nbers Will be amply sufficient to cover -
~ eventual loss.
Albania Il Fuller are the successors of TT
runjes. Ockershausen Il Co.. whose estab- f pn
'huneht at the foot of Canal street, was hired
} meet their necessities the new tlrm pro- I
eded to build large refinery at the Atlantic =
'cSS, which they are expecting to occupy CIR
~ |, and on which they have expended the
thin the past year in cash about 500, 900, ore
already stated. This large investment to- ia,
Their with the bad odor in which sugar paper =
s lailen since the failure of Wheatley, Will
ms & CO., proves to have been too much
, them. The house is pronounced sound. r
viewer and fully able with the extension al mar
sdy granted to pay " five to one on all vii
bllitieS. The actual liabilities are $500 OOJ, Cor
which the firm IS short S13S 600 OF stock i i5o'
bills receivable. The capital of the firm Of n'' =.
rated at about Sl,000,00O. They turn out NJ.
m 800 to 400 barrels CT sugar day, or N
u lLMl l..