COM ME RCIAL
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b. The advces per the Acadia had sensible effect the market On the 4h, the sales about 800 b, prices rather favor of the buyer On the 5th the ket quiet.

 Sterling Bills were Ssa for the top price, The rate had kept down somewhat by the expectation that part the twelve million loan would go Europe and furnish exchanges but this h no longer expected- Francs were 5f 25.

 On the 5th, the quotations of domestic exchange were Mobile 6t &; Int. Ala. g 9a N. Orleans A A.

 The Farmers Bank of Troy has done successful a business in that prosperous city for the last six years that the average dividends been than Il per cent.

 The Jefferson Insurance Company declared seman- nual dividend of ten per cent payable the 10th inst We learn from Boston that half million of the United States twelve million loan had been taken interest of and twohs per cent, and that half million was offered at five and a half | Accounts from Canton New York caused little sensation in the market and overthrow nice cipations of prots founded the belief that the trade interrupted and that teas would reach the United for time. Two vessels loaded with teas sailed the United States before the Akbar and several others left loading.

 At AtPhadelpha, OR the 4th stocks were very dul and dghln hrkt Ol U bhilk Hotts WcTt and by msny of the brokers refused 20 per off for currency. The new Government loan again offered, and heretofore held lO3l but the bid hs 95 and half less than day before yesterday From the official of the Treasury Department, we learn that the aggregate of Treasury notes outstanding on the Sd inst was Ss,3O5.666 6O Since March 4 the whole amount issued is S4,973,25l 5s.

 The Mississippi papers publish circular from the Gov enor of the State Messrs. Hope & Co. of Amster- dam in which that functionsry repudiaes the five mill | lion bonds negotiated through the Union Bank The given by the Governor for this refusal are briefly recapitulated follows

 1. The Bonds were sold on credit.

 g. The currency in which the Bonds were made paya- be changed from current money of the II. States pounds sterling of Great Brain the of four sh ings and sixpence the dolar whereby loss was sus- taned of more than million of dollars. 3. The contract of sale was fraudulent.

 The Bank of the United States was not to make the purchase.

 g. The Bonds sold less than their par value in violation of the charter of the Bank

 The money paid for those bonds (says the Governor did into the State Treasury. The officers of this Government had control its disbursement The Bonds disposed of August 1838 by collision

 

 this The Mississippi Union Bank, and the Bank of the United States parties this unlawful action. You have the endorsement of both of these n sttutions and them you look for payment This will never pay the five millions of dollars of State Bonds issued in June 1885, any portion of the interest due, or to become due thereon"

 The Governor the conduct the officers of the Union Bank in this affair." and the agency the U S. Bank fraud and the principle that fraud v tiates all contracts.

 This repudating of state liabilities is Il very delicate business and people highly jealous of its credit would prefer the responsibility of fraud by its citizens rather than bring credit to so gerous pass. It that the individuals who negotiated the business should bear the oss the lender, whose operations have been done in good faith Whether the people will confirm this course the Governor will be decided by the next election in the Sate as the conducted solely on this Ques- tion.

 The oan it will be recoected was for ten and half millions. Before the Legislature discovered the egaty of the negotiations. five millions consummated The other five stopped immediately.

 On the Sd inst, Messrs. wm Rawle, Thos l. whsr. ton, and F. W. Hubbe Counsel for the United States Bank filed declaration in the brought in the Dis trict Court against Nicholas Riddle. The damages are

 

 sah Randall, George NJ. Dallas, and wm NJ. Meredith Esqs The counsel for the Bank also entered rule on the defendant to plead in eight days judgment So shall have fun yet out of Nicholas The whole truth of the condition of the bank has been suppressed long while, but it will come out ultimately.

 To show the mismanagement of the administration of New York; the Albany Argus states that the assessed uaton of the property of the stse which pledged as fnr oh haai inrr millions since ls33-the from tolls this year eS ceeds that of any former year by than a hundred thousand dollars and yet the credit of the state has a en off since 1883 more than thirty-two per cent In ls3s the obtained premium of Sl7l on every 100 issued fortnight ago loan made of 300 900 at discount of l53 per cent.

 NEW ORLEANS, Aug. To- The market unusually du No transactions in cotton had been since the 9th. The receipts l42 b; the clearances 4OO leaving stock hand of ls7 b. The whole receipts of the season are 7s63s4b.

 Flour is quoted at S4 25 for good sweet. Provisions dull aAd without change. Exchange sterling Ill; Francs 5f 05 a7a N. York 60 days 2I 3; sight 1. Freghts without change.

 SAVANNAH, Aug. 6. The receipts of cotton for the week were He bales Up. ihnu-Ctdrtu loUb D, bhfthB huoh ui loto Ine l0- tai receipts of the year l45sO6b Last year 2s4s2 showing decrease of l3s ols b. This, however, is not be taken as criterion of the crops of Georgia nas- much great deal of cotton received at Columbus shipped va Apalachicoa to Europe, and much from Au gusta to Charleston instead of to Savannah.

 At Hamburg the 4th inst, the extremes quoted 7a9i.

 We see stated that the India Board of Revenue has made report very dscouraging to the cultivation of cotton in that immense country, The great difficulty contend with is the ndolence of the nativesther by to endure shor and the worn out condition of tho soil. We suspect that this attempt of Great Britain divert its cotton trade from the United States, will be like their emancipation schemes, total failure.

 By the statement of the Virginia Bank, transmitted to the Executive of the State the ls nstant it had Capital stock. -........".....Sl,7l57477 v