Chicago Daily Tribune Newspaper, October 11, 1873, Page 5

i CITICAGO DAILY TRIBUNI: SATURDAY, OCTOBER 1! RAILROAD MATTERS. Case of the Stookholders of the Gilman, Clinton & Springficld Railroad Company Against the Directors. Answer of Defendants’ Counsel to the Charges Made Against © Them, A Copy of tho Contraot Botween the Road and the Barclay Coal Company. Other Items of Railrond News, Spectal Disvatch to The Chicago Tridune, ‘BLOOMINGTOX, IlL, Oct. 10.—In the caso ngainat tho Directora of tho Gilman, Clinton & Spring- flold Raitrond Company to-dny the nttorneys for Directors rond snswer to tho charges mnado by complainnuts gomo duys sinco. The following is o synopsis of the snawer: THE DIRECTORS' ANBWEL, Thelr auswer 3 really n geueral deninl of all corrnp~ tlon, They say that the Company, although it received @ large smount of bonds from townships and counties 10 0id of tho road, dld not reallze near tho faco of tho bonds, thoy having beeu sold at prives ranging from €0 to 03 cents on the dollar, Nor haveall the bonds 4hat woro voted been fvsued, but about $60,000 of them sro in ltigation, Tho Directors sny the bonds that wore recclved woro not fraudulently misappropriated, 1t i denied thnt Molvin, Warner, and Fuller conspired %o defraud tho stocklolders, Lut that, desiring tho Tosd to bo buslt, they coutrcted with tho Mor- gan_Improvement Company to bufld it, They Bay thot the contract with tho Morgan Company Is not correetly set fortl in {ho bilk of complaint, Thuy dony that tho grading nud bridging of tho rond waa light, beeause the road runs through u rection of the State that la rough o good part of tho way, and it erousea tho Sanganion River twico aud Salt Greck three times, which required very expensivo work; und further, that tho fuct of tho rosd runuing disgonnily ncross farms mado tho right of way very expensive, Thoy deny that tho road cost only §1,000,000, snd stafo that (ho contract with tho Morgan’ Company wab {lio best that could bo made, and thut it wes 10t mado to do- fraud anybody, Tho unaver admits fhiat the Company woro lo give tho Morgan Gompany $6,000 & mile, dn township und county bonds, aud the filrther sum of $2,000,000 in the Rallrond Company’s bonds for thirty years; and that the Rallroud Company, by the contruct, fsaued §.400,« 000 of atock, yet_uusold, to the Morgan Companys but that the'stock ud 16 market valte, and wis ouly saluablo in meetinys of stockliolder, to protect the fu- terosts of thio Morgan Compuuy, ‘Thio ahewer gocs on to slate tlat the Directors ara men of standing pud srealth, but with no experienco n contracting for the bulidivg of raflronds ; und at the timo when the con= truct wus mnde, oyerybody alung tho ling of the road waa clamoring for its construction, and the Dircctors woro compelled by public_opinion to necopt any offer that they could gt that would result iu tho building of tharoad, Novertncless, tho contract wns not ex- cesslvely profitable, nor 'fraudulont, 'Tho Morgan Company was u reaponsiblo company, hating $500,000 canh capital pald n, und were compelcut to raise the necessory mouey to'bulld the rosd, If the thing was {o bo doge now, tie moiey could 1ot ba raised on tho k » g s, Thio answer donios that tho Morgan Company sublet ‘any part of tho roud, aud stntes that the Rafiroud Com= ity mado nll tho contracts itsclf, aubicct 1o the ap- provalof tho Morgan Company ; wid the Ralroad Comi= pany paid all the money for bridging, tielng, und track-laylug, Tho Morgail contract pricos Wure not greater than prices pnid by other roads ; but whother the contruct Was cxtravagant gr nol, it'was tho best that could bo done, Tho railrond fo ouly 111 miles long, with 53 miles of side-track, which,ut $0,000 o milo, fn niunicipal bonds, would _bo 606,000, but tho Rallroad Company tins pad tho dorgan Conipany only $595,000, ~ Aud Ly {lio eamo contruct, it s stated in (o ausver, $3,775,000 in railrond bonds were to be fssued to tho Morgaw Compony, whereas only $2,000,000 havo leen fosucd, * 'Tho Morgn Company ‘ero ouly pald Buch in amount {n_bouda, wud not Londs ab uny &pectfic prico; the Morgan Compuny tuking the entira Tisk of thelr value, ond making no cxeessive profit on Thowm, Tho Directora eny that nolther party to tho Morgan contract cun yet tell whether any mooy will bomiado out ot {1, und ey will ot o sblo to until all tlio money hus bedu furnished for Luilding tho rosd, .and all the bonds have been lssued and reduced 6 monoy, 1t la expronsly pgrecd. fu ho contract that only §2,000,000 first mortguta bonds can Lo fmaued, and thal wiion that suni I Gxhaunied tho balanco must o accond mortgage bouds, and that neither cuu Lo of .any great valuc, “I'ie Ruliroud Company hus not been nblo o aliove statod, to pay the full #im in_munieipal bonds, and Thoso thnt, wero delivered wero sold by tho Morgun Company below par, and all tho money realized from flon was expended in bullding and equippivg the xond. “Ilio answer admita thot John Warner, ono of tho Dircclors, wus o momber of the firm of Mugill & Co., “who held tho contract for grading und frackiayiug tho Northiern Division, but states (it the coutract Wak ot Zraudulent or fllegal, and that Warner mado no mouoy Ty tho Job, It is denled thut Faller (or Grahinm for 1im) bid any interest in tho bridzing cuntract, also that Fullor nindo uny oxceastvo proit i any contract, or thiat Lia posation us Vice-Lresident diquulifivd i Zrom naking monoy by coutracts with the Raflroad Company. It is alieged that much moro thau §1,600,000 were roqulred to build the road, Tt s admitted that thero s n-credit of $373,000 on the Railroad Compuny's buoks to tho Morgsn 'Compuny, ut this i statod not to bo {n excess of tho coutruck rice, and that when tho Morgun folks receive ino Fonds "ot ‘duc, tho 475,000 crodit wil bo canceled ; and that thero was no intention to mako fraudulent or fletitious debt, The auswer atates that the capitnl stock of tho Com- any may Le ruised to §6,000,000, It i admitted hat no formal fucreaso of stock was mudo; Lut the stock bina Leou fncrensed to tho oxtent of $2,000,000 ‘more_ by tlio insertion of u cluuse in tho first morte ‘ogo bonds thut they could bo_exchunged for atock by giving tho proper molico ; and this "condition waa nctioned by the Dircotors'of the rufiroad, This an- fwer aswurts tho right to creato suy fionting or tempo- Tary debt necesaary to_complote iho_rond, Undora resolution of thie Buard of Directors, 1,000,000 of sco~ ond mortgage bonds woro lssued to raisemoney to ‘purchazo equipments and _provide sliop-machinory, Zud they were placed fn tho hunds of Thomas A, Beott, to bo used for tho purposo mentioned and no other, Theso bonds were legally fssued, ond woro neo- esnary to_pay the dobts of tho Company, They sro 20w in Thomns A, Seott’s hunds, sud no ‘moncy hag Been rafsed upon, nor puid on, 'them from the roy= enucs of tho rullroud. The answer admila that Melvin, Dlack, snd Will- Jame are {ntereated in_tho Barclay Ooal Company, but deniesthnt thelr contrnct fu of great Lenett to them, hen tho Lno of road wus first ready for oporation thore was no coalmiue on it, and it was required to gof ita coal from dietaut shafiy, for which the Compuny Paid obout $2.05 per ton, whoreas, after making tho Eontract with {ho Barclay Gonl Compuny, thelr coo] has cost only $1.50 per ton, ‘The contract with tho Bar- clay Compaby was _nccesssry for_aelf-protection from woxorbltant charges elsowhoro, The working of tho abaft ot Barclay has, aud_ will' contiuue tto, add to the yevenuo of the Rtailroad Company, and tho stock-hold- ‘era of thio Goal Company have mide no morothan a fair compeneation for tho smount of capital and lsbor they Dnvo invested, In rogard to tho leaso to the Pennsylvanin Railrond ‘Company, the auswer states that it hus not been come ploted, od never liss been of bindiug, forco; that, to Fun thio road as an independent ling, 1t cannot bomade to pay ita running expenscs and tho intereat on ita first mortgage bond; and that, if tho interest on theso Rionda 1 ot pald for'slx mouths, the trustco under liem can el tho rond to satlefy (hom,—a proceodin that would ronder tho stack of the road and tho secon: mortgago bonds worthiess ; that if tho road is made & link in » long chufn of raflrosds leading from St. Lows uud Haonibal to Philadeiphis snd Now York, its portion of the incrased cornings would bo'so great that it would render thie rosd o paging investment, and, with this_objoct 1 wiow, tho lcaso was wade,” Tho auswer alloges fhat Lol Kelley, the origiual complalnnnt, hne iuvested ouly $40 in 'the Company’s stock, sud ' that Lio ought Rotto be pormitted to Lindor tho consummation of {he proposedy lease, and thnt his conduct may, if_con- Hinuiod, result {n tho bankruptey and ruin of the Com- sy und its stockholders, 1t an alwas beon tho in- Foutlon of thio Dircctors to_subtmit tho easo {a the etockholders, nnd in a legal manner obtain thele con- eenttoit, 'The answor s eworn to by 8. 11, Melvin President, and Jos, W. Lane, Sccrotary of the raiiroad company. The above la a falr synopeis of ita contents, Boparate answers wero prosented by the indiv- {dual Directors of the samo gonoral tonor a8 the forogoing, but dlfforing from it in that thoy at- tempted to mnswor tho charges made against thom individually in all answors. It is denied that the contract with the Barclay Coal Company is cithor illogal or unjust., Tho contraot iteolt is tho best avidenca of its charactor, Bo I appond % Bynopsis : THR DANCLAY COAL COMPANT CONTRAOT. The contract mudo Aug, 90, 1872, between tho Coal- mining Company oud thy @, 0, & B, K, R, to run twouty-five yeurs, tha Coul ‘Company o furnish tho pallroad all o cnl required, for il pusposcd, at 60 Eonts nbove what they pay for miniug per fon, tho ralle road to furnish all cars nocossary to work tha mine to ita tull capaclty, and furnish men to load tho ongines from tho whuics, to transport over fts line_suy “coul ebipped by tho Jiarclay Compay at 10 por eeat, lower Fate thun any other shippe: for o)l coal shipped €0 Mt, Puluekd, Clinton, Farmer City, Glbaon, Gilinan, or uny other polnt whero othor roads crase, eroating competition, o, alloy io Darclay Comapuny pobate of $L60 "por car, in - addition to tho 10 por cont Teductlon, Tho rulroad sgeeet to fix the raten nlong tho line ot $2,60 por car, for the Bar. clay Compuny, lens than tho regular ratcs east uf Bpringfold, sud collect theso doductions from tho cor- Biguo0,—tho 10 per cont reduction and $1,60 robato~ Bl relnrn tho same fo the Coal Gumpaiy monibly, T'his sgroemont to tuko affect upon tho completion of o minie, atd to bo i forco twenty-Gve youra,” - - * The forogoling contract was mada betwoon the Direotors of seid rond, Melvin, Williams & Plack, and the Coal Company,’ tha former threa being tho olo proprietors of tho Coal Gompany, and was ratifiod by thoir vote, 'This action thoy ustify in their auswers, and clain thot the eamo nelthor Lllogal nor fraudulont, but that such gmfln{mlu aro common with many rallronds in noln. Tho '"fi ment in tho onre is postponed until noxt wook, Moanwhile, it 18 tho subject of in- terest throughont tho entiro contral part of tho State, Thero iy a fecling hore, how corrast wo kow not, that, beforo thio legal probing is_douo with, somo startling rovelalions will be mado. ‘The Stito Commissloners n nloomton “Investignting kailrond Chargen Spectal Dispateh to The Chicagn Tribune, BroosNortoy, Ill, Oct. 10.—Tho Board of Railrond Conumissioners wore in session hera to-day hearing evidenco from prominent busi- nesn men upon the freight and passougor rates charged Dy railronds hore uuder tho now law. No serlous griovance is roportad. Gov. Boveridgoe arrlved Lhis aitornoon, Detroit, Eol River & Xilinois Raile rond. Special Diapatch to The Chicago Tr(bune, Avnuny, Ind, Oct, 10.—'1'rnuk~lnylu§ is going on rapidly on the Dotroit, 1ol River & Illinols Railrond.” horo aro only threo miles moroe to 1ay to moot » gaug_from Butlor, Iud, As soon a4 this is nccomplished, tho rond will have a ood onstern outlet, conuecting with the Lake Loro & Michigan Soutborn st Butler, Ind, Verdict Agninst tho Chicngo & Itock . Istnnd RRatlrond. Spectal Dispatel to Tha Chicago Tribune, Daysxrout, la, 10.—In the Diatrict Court of this county to-day, in tho _cayo of Au- ton Waltors vs. ‘L'ho Chicago, Ttock Inland & Ya- cific Rnilrond Company, tho suit belng for 810,000 damagos for the killing of a child, the Jury brouglit 1n & vordict for Walters for §4,000 dariages. Ralirond Supcrintondents® tion at Louisville. LotisvitLg, Oct. 10,—The Superintondents of twenty-soven raflronds Iast and West, met ab Conven= tho Galt Iouse to-day to arrangs & winter schodulo of timoj; 8. Flint, SBuporintond- ont of tho O, 0O, O. & I Railrond, waa cnllod to the chair ; J. M. Abbott, Gen- oral Passonger Agant of tho Erio Iallrond, Hecratuty, o achedulo adopted makes 1o ma. torial clingo in timo, traina boing allowed v little longer to rum, and goos into offect Nov. A rosolution that uo rond rop- Tokentod in the Convention agreoing o the schedulo. shnll change so ng, to Dbreak connections agroed on withiout giving ton days' notico to connecting and competing linos, was uoted down, T'ho Superintondents visited tho Exposition in & bedy after adjournment. The Lafayette, LaSal & Clinton Itoad to be Pushed Through. LaSatre, Iil., Oct. 10.—The Dircctors of tho Lafayotte, Lasalle & Clinton Railrond Company ot in this city yostorday, and, influonced by tho highly oncouisging roports recoived from all polnts along tho linc, tnanimously rosolved to Push forward asrapidly as possiblo tho work of tho nitimato survey and tho sottlemont of the right of way. It is the opinion of the Directors thint tho monetary panic, instead of injwing the prospects of tho road, hns im{;mved thetn, by crushing out sundry othor railroad projects of merely nominal rival Earningsof the Milwaukce & St Paul I2aiirond. Minwivukee, Oct. 10,—The earnings of the Milwaukee & $t. Paul Railroad for the month of Boptomber wore 81,193,200, agninst $811,961 for tho same mocth in' 1872, boing an incronso of £961,248. 'Tho ournings einco Jan, lst amouut to $6,414.012, ngmnst £4,796,169 for tho Bame time in 1873, boing an incroaso of $1,017,- 843, Ruilroad Bond Casce OxamA, Oct. 10.—In the case of the Union Pacitic' Railroad Company ve. Merrick County, intho United States Circuit Court, an injuncs ticn has been issued aujoining derrick County from [xsuing the £100,000 bonds which wero yot- ed in favor of tho Midlaud Pacific. Letter from Presidont Cassy, of the Northern Pacific Kuilrond Companyy in Kegard to the Iteport oX Commin- sioner Hnns. To the Editor of the New York Tribune: Stu: 1 ackiowlodgo mysclf indeblod to you for copy of 1ho report of Commissloner Huus, of Berlln, tohin principals in kurope, relutivo to the Northers Pacific Ralraad. I novor saw tho report until you wera 80 goud s to atlow mao to read it, ior has it been scen by auy officr or mombor of {his Company's Toard of Dircetors, ‘Tho report was mado by Mr. Tiuas Lo his principais after bis roturn to Kuropo and althougli, 88 T_understand, n_copy was _aeked for by omo of flio officers of this Company, it was rofuned to them, notwithstanding tho entiro” expenses of Mr. 1ans'in obtaining tho materials for bis report in th conntry _woro ultimately paid by tbis Com-. pany, . I bnd lLeard that the roport was quiie unfovorable. I am glad to find on Toadivg {t that it 48 much moro favorablo than could Tiavo heen expected from a_Europenu, especlully ono from tho Continent, who had nover beeh i tho United Btates, and who wad not familiar with its rapid dovel- opment in rafirond onterprines and tho rapld settle- micut along tho rafbway lincs throughout. the Westorn country, 1o was not awaro of tho fuct that railrouds had boen bullt in tho United Statea throughout ro- ons whero thio volca of elvilization hud hrdly Loen eard, und whers tho sound of the lnst stroko of tho Dammer in driving tho last apike {n tho iast rail had reely censed to' roverborate before . largo businoss wan oatablistied upon tho roads, Thia fact I, o well as every other porson famillar with our Western Blates and Torritorics, havo kmawledgo of. T have licurd it natd thot thia roport was auppressed by the ofiicery of tiin Company, or through its agoney, it fomo way, and I now repcat_that tho_roport wan ziever scen by any ofticor of tho Northorn Pacific until il day; nor wore ita contents kmown to us, Thoro- fore, It \ras impospiblo that uny anxiety should Laso aristn smong our Dircctora for its suppression, Dut tho fact 4, it never was_supprested, nor attempied to bo supprossed, by any officer or Director of tho Northi— orn Taciflo Ralirond Company, nor any ono in tholr in- toreat, nofar as fs known, Tiut' to the roport itaclf, Any ono who will road it cacefully will find that it s, on tlio wholo, n most favor- ablo roport for thia great ontarpriso; ond if it cstab- lshea anything, it catablishca: + Firat—Thut tho cstimated cost af tho construction of {1ia rond {s cntirely reanonable, and thnt tho Obief Ene ineer of tho Company 16 o well-tried man of a repuin- o for honoaty, oxperlenca, and capacity boyond ueation, O econd—That the landa are sufficfent to redeom the entiro fseue of bonds at 10 per cent premium, and Icavo s hundsomne surplus of these st the miulmum prico, at which Mr, Huaa estimatea thom, and that, as Compared with ozlating Jand-grout roads, tho smatnt of flia sales moy excoed by three or fonr times tho insuo of bonds, That is the socond point which ho mits. hird—Thnt tho reglon of country through which {ho Northorn Pacific Raliroad is bullding is oue of tha most sertile on tho American Continent, and i in every respoct sultable for colonfzation, Thoeo throo admissions eatabliel, in the opinfon of Mr, Hoas, the Berlin Commissionar, the value of the Northern Pacific Rallrond boyond a controversy, is objections to the enterprize may be stated thus : That, owing to tho spareeucsa of population sud tho sluwnees of emigration slong the line of the road for # poriod of youra not definitely atatod, the earnings of tho road would not be aufiicient to protect the intereat on tho bonds, Tneas objections have Loen sdvanced on every lund-grant road that has been built in this country, not only b{ forcigners, bLut Ly our own péople, Who might supponcd to know bettor, And yet, in tho face of theso fears and apprehensions, the business of all theso roads is rapldly dovoloping, the proporty groatly en. hanced in value, and thelr Iutereat on thielr bonda pro- tectod In. overy daso, "Thero {8 no good reason to sup- {mn that the Northern Paclfo {a going to be an excep- lou to similar land-grant roads, On the contrary, the Nortbern Pacitic Railroad has far greater clements of undeveloped wealth and resources than tho Ilinols Central Road had In the earlior atages of its existonce, 1 pre no that Mr, Foltz and Mr, Dontex, Associato Commissioner, with Mr, Yaas, have also propared re- orta whick may recelve F\lblk‘n( fon at this juncture, T iave not scon sithicr of theso roports, nor do 1 Xnow: even by rumor, their character; but 1 Laveno bellot that thioy contan statoments against tho practicabiiity of the Northern Pacific Rallroud enterprieo, and rea. sonablo promise of abundant success for the under- taking whon completed, which cannot ho refutod with teatimony that all uoprejudiced men shall foel to bo suflicient, R, W, Oass, Presidont of tho Northorn Pacifio Raftrond Compatiy, OMioof fhe Northorn Pacifo Railway Company, Bept, 31, 1874, THE WEATHER. ‘Wasnmaton, Bept. 10,—Tho barometer will probably fall oh Saturday in the southweat, with tloudy and rainy wontlier. For tho Enstern Gulf Btates and Ohio Valloy, rising tonporaturo, partly cloudy wonther, and Jght windd, For tho liddlo and Eastorn Btatos, sontheast and north- east winds, partly cloudy and olear weather. For tho Uppor Lakes and Northwest, northwost winds, partly oloudy and clearing weather, GRNERAL ODSERVATION, n0ut0AG0, Oct, 11—1 3, 0, “Hadon, | . T Wind_[Rain Weatier 30,00 47X, W, 1) o3lcal 51 Cal , fresh, 648, W,, gentle, G418 Wi, geutle, a4/, glntle, B8IN., gentle, Dotrolt ... [29.97 Davenport , (30,08} Chicago, .. [40.01] Chogonng .. (30.34] 44[N0 trewh, Cloveisud |uw 03/ 'E., £ Oinclnnati.'50.19f 02]8,, A Eacanaba, .. 20,07 52|\V. frosh, Kookuk ,... 3000 04|Calus, La Cross 0,14 62,8, W,, gentle.... . Milwaukos . '50,08) 63|Calm, Marquotte.. 29.00| 55 5, W, brisk, 67|N,, fresh, Laavenw'th,[30.19| 40,13 tlo, \ Bght, o) B8N, WESTERN UNION TELEGRAPH. Annual Report of President Orton. At tho annual meoting of tho stockholdors of tho Westorn Union ‘Lolograph Company, in New Yorl, Oct. 8, Prosident Orton preseuted the fol- lowing roport for tho past flacal yonr To_the Stockholders of the Weatcrn Unfon Telegraph Company ¢ Tliava tho Honor.to submit the following repart of thio operations of tho Company for tha fiseaf year onde iug Jino 30, 1874, and of tho conditlon of ita AfTairs on that day, *Lho capiial atock of Ui Compauy ot tho closo of buuainionn on that day was $41,073,410, of which thoro was onistanding $33,778,176, sud owned by tho Gompsny, $1,205,235, Tho dobt o tho Compauy on that day wan'$0,038,410 of which thoro waa duio Oct, 1, 1873, for Amertean Talograph, Company bondn, $9,= 8003 I Novembor, 1475, for Weatern Unlon currency bonils, $4,444,000;"in. 1003, for Westorn Unlon gold “I'ic'grarn recelpts of tho Company for tho year,from all novirces, wero $0,333,018,61 ; tho _(IrosH oxpensce, $0,576,056.62 ; i th not carnitige, $8,757,902.60, Tl nmouiit hus been appliod as Toliows Goustruction snd purchnae of new linea,..$1,243,205.97 Intoreat on bonds 317,763.00 Real estato, ., < 62214.40 Purchass of ‘sundry stocks of felograpi eomponfos {n Western Unlon Company’s AYMCILLero iriveriaen ALBT000 Puid for $30,000 Wesiorn' Tieciric Mani- , facturing Company'a ntock, o+ § 80,0000 Pafonta (on nceont of Stearn’s 19,258,00 Bincolluucon - 102, Total, 1,722,450.60 Thie bulan come aceount 1,005,612.13 Total., wrusenenansinn s $,T67,002.00 On the 1at day of July, 1873, tho Company opcrated 62,052 miles of 1o, 197,190 miles of wire, and 6,257 of- fices, At tho close'of tho year anding Juo 3, 1413, it operated 65,767 milcs of 1inc, 164,471 ‘milea of viro, and 6,740 offices, Tho increasa during tho yost has boon 9,725 miles of line, or 6 per cont; 17,281 miles of wire, of 12,6 per cent ; tnd 503 oflices, 'or 9.6 por cont. Theto wera ki tho omploy of tho Company on thio 0tk of Juno, 1873, 9,100 porsons, Of theso four woro Gon- oral Superinténiionts of divisions, 39 Suporintondonts of distrlctn, 6,614 manngora und operators, 1,830 mes- ‘sougore, 061 clorke, 680 foromen of copatruction snd Topair-nien, 116 mechanica in factorics, 84 battory-men, and 275 wiscellancous, Tho cost of now instrumenta and apparatus supplied during tho year was$140,877,62, and of battory materinl and supplios, $146,703,08, Tho number of mesacgos transmiited’ during the year ending Juno 00, 1873, was 13,444,499, and_for the Foar cnding Juno 00, 173, 14,450,502, boinig an increaso of 2,012,330, or 16,1 per cont. Thia Includes press re- porta reduced to Mossages on tho basts of 30 words to ‘ach message, Tho avorago toll collected upon eaclt ‘messnge for (o lut your was 61 conlu, tho averago cost of trausmission 43 "cents, and the average proiit per ncesuge 10 cents. LEPAIIS AND BECONSTRUCTION, During the paat ;’uar $706,780.58 wore expended for repaira of line, and 032,753 for rocoustruction, muking a total oxpendlture for maintonance of Tino of’ $1,030,: 542,83, on increaso over tho previous yoar of $103,507.41, or 44 per cont. Tho iucreaso’ durin fho ' pust’ yeor In tha cost of inaintensnco o fino s waluly for reconstruction, tho cost of whifch woa $354,210.98 In cxcoss of thé provious year, The nunusl cost of iuatutenauco of the plant for tho ‘past fivo yenra baa beets as follown: Cost of mafnten. anco per mile of liue—180, $14,60 ; 1470, $15,3 §15 ; 1572, §16.60 ; 1875, $20,37, _Cont of maintena; per milo of wiro—1809, $7.23 ; 1870, §1.73 ; 1871, 87, 1873, $7.07; 1873, §9.,66. MONEY TRANSFED SERVICE On tho 1st of July tho tranfer ayatem hizd been in oporation twents-ono mouths, with very watlyfactory Teaulta, Tho increaso of tho Dusiness had beo> greatly ‘Deyond tho expectation of its raults when catublisied, Tho revenuo of tho Company from thin service for tho firat nino moutha was_$5,930, For the sumo nito ‘mouths ono year lnter i wus $15,811, an_increaso of ) more tign five-fold, Tho rovento from this sourco duriog tho past year waa $58,000. Tho number of ~trausfors, 20,000. Tho amount tranaforred, $1,602 000, The averago amount of cach transfor wus about $30, Nhuoty-two now monoy-order oifices liavo boon opencd during tho yoar. If tho ssmo 2abo of (ncroasa In matntained duriug tho presont yoar that Las beon doveloped during the pust twelsemonthy, ourmonthily rovenuo frain tranefers will be over §8,000, or at tho rate of £100,000 por anuuim, FlikR MES9AQES, Tho freo messages, B0 classifled n our accounts, transmittod by tho Company during the post year, amount at rogular toll to 766,000, Of this sum, $505, 000, or 72 por cont, was porformod for raitroad and otlior transporiatioh comyaaics, all of which render Us eimilar servic in roturd, Of tho bulsnco of tho “fres _service, $83,000 worlh 8 porfurmed for tho Dircetors, uilicors, und operators of the Company ; §23,000 ou uccount of rent ; $18,000 for connocting felegraph compauics ; $58,000 ‘for compli- ‘mentury s §0,000 for miscollnticous meseogos, Tho frauks issuod to Government oflcials constituto nearly a third of the tolal complimentary busincss, Tl Wircs of the Western Unlon Cowpany oxtond futo thirty-seven Btatea nud nino Territories within tho Timits of tho Unitod States, oud into four of tlo Brit~ 16l Provinces, Iu all of {llem our proporty s marn or Jes ubect o fle nclion of tho Natioua, State, and ‘municlpal authoritics, and tho Judicious ‘uas uf ‘com- plimontary franks among thom i been tho menus of Baving to thio Company many times the moucy valuo of the freo ervice porformed. TUE TARIFFS, During tho past year, two important modifieations Tave been mado in tho farifls, Tho firet chaugo was Hhio abrogation of all Westorn Unlon rates alove £2.60, wiilcli ook effect Fub. 1. Tho second imporiant chingo was the extenslon of tho eqinro_rate ovor tho ferritory weat of Omabia pnd cast of Utah, and tho oqualtzation of tho rates iu the Eastorn, Coltrul, and Houthorn States, which took offact July 1, 167, Tho rales previous {0 July, 1873 woru abott %) per cout Tighier in tlio Westeru, and 40 yor eont_highor in tho Sottlior thn I tho Tawlora Siates, Thly fnequality yas the subjoct of complaint in tho Wostorn un Houthern Siates, ond formed ono of tho strdgest arguments n favor of tho cxtonsion of compoting linés and of Governmental intorfercuce, Another 6o- rioun objection to thoso unoqusl Tates Was that th spuclal Taiow betweon compoting points wero s0 16w I comparisou thint messages for distaut polnts i1 the Weat or South could bo sent to cortaln contrai poluts over our Jincs at speclal ratos, and tlen bo for- Sarded at local rates to (helr destiuation at a considor- ablo reduction from tho through rate, For exsmplo: Tho squaro rato to ofiicea {u tho vicluity of Ohicago was g, Thio special rzto butwoen New York and Obl- 2o waa $1, aud, au the local rato from Cicago was only 40 ceuts, our custonicera or opposition liucs could sond messages for auch points to Chicago, and _deliver thow by our own lucs at u Teduction of 50 10 60 conts from our through ralcs. ‘Ihia condition of things extited throughout tho Boith and_West, and, to oo extont, in thu East, and could_only bo remedied by an equalizotion of the rates, euch &s hus boen rocently insugurated. EARNTNOB IN BEVEN YEATS, Tho followiug statement shows the not earnings of tho Company siiice tho cousolidation, in_ 1860, snd tho disposition which Lus been mado thereof ¢ Tho surplus of fncome act, July 1, 180 Wi, 275,957.24 Tho nol yroces July 1, 186 oo, 20,812,018,81 Making an aggregate, Juno 30, 1873, of..$20,687,076.06 OF this #m 1boro hias been Distributed in dividends tostockholders., 4,857,330,34 . 2,216,104.98 The balauce...... Distributed for futercat on tho Com- PODY'S BODUB. e eerrenarersasnsns o $13,614,641,73 18 ropresented as follow Coustruction of now liues snd ercction of, additional wires, eovereon§ 4,405,180.44 Purchase of tolegraph lincs and of fho stock of companics controliod by the Westorn Union Company, on which interest or dividends afo pald as Tental, ; Western U i3 @old and stock Telograph Comys HtOCK (47,710 BIATOH) . eueovssvvnnvaerese 1,173,500.00 Intoruational Ocean Yalegraph Company®s atock (10,384 8HATER) v vrrsrrsriesroers 061,650.42 Pacific & Atlantfo Telegraph Company’s stock (49,017 uhlrm?........ weeses 510,274,650 Anglo-American Tefegraph Conipany’s stock (£1,508 08, 6d.)eves s seeresenay 10,000.00 Wostern Elpctio Munufacturing Com- yang’s stock (300 ebnres). .. v 09,000.00 Wostorn Union bonda redeoined and cui~ IR 074,075.00 ‘Weatern Unlon Droadway Mortgage and Sinkiug Fund, 80,000,00 Real cstato (oxclusive of Doy, proparls 18,203,14 Taton e Page 73,758.00 Cablo steamer. 132,005.19 Weatern Unic ($7,600) 4400 reerisesinne 0,750,00 Frachon of hure (old fusue) redecmed canceled, weeeees 42,50 13, s of v which oxecss fa splicablo’ ou account of sinking fund sppropriations ot yob usod for redemplion of onds, YHY. INTERNATIONAL OCEAN TELEGHAPI COMPANY, During the post year the Wostorn Unfon Company have acquirod contial of thio Tntoruational Ocean Talo- Leaviug an exc (et Comipany, ehoso lues oxtond from Lako iy, Fla,, {0 1avans, Ouba, Tho capitul stock of tho Coni pany 1a §1,600,000, of which $450,000 s i1 common, and 00 vreforred stock, Tho Westorn Uniou Conpa- 1y purchasod of tho common stock $538,500, and of (o preforred slock $490,900, muking a total of $1,038.41 at tho par valuo, "Tho actinl cost o ua wia $901,650.41, Tho Tuternational Ocean Company PosAeAs a fi{ty-yeiry' excluslvo graut from tho Spunisli Govermment 1o lay d uperuto cables betwen Unbin aud (ho United States, and n Afteen-yeara’ oxclugivo grant from tho Governs mont of tho. Unitod Btutes (0 loy und operato cablos Tolweon tho coast of Florlds and the West Tudis Ts- suds, “Ko lines of tho Tnternational Ocean Company aro now dolng n good and profituble businees with Cuba, TYorto ltieo, sud Jausiea, uud whon the cablos con- necting Jumuica with l(la other West Indin Islanda and to Ceutrsl and Houth Americs are completed, which, It fu confidontly expected, will bo fn shorl tinie, tho traflic npon theso lines, which constituto tho only outlet for tho telegraphic correspoudonca of these countrios with tho United Btates and Europo, will he- comie very lurgo an) fmportunt, The net profit of the Intornational Ocoan Couipany f8 sow &t thy Tate of about $200,000 por anuum, ¥ ) PACIFIO AND ATLANTIO Wo have slko nequirad, during the last yenr, & majorlty of tho 'k of the Pacific and Atlantic Tole- graph Gompany, and negotiutions huvo boen i prog- Tews for womn fimo with- & viow 10 luasing tlieir lnes, Tho capitul of that Compauy is §2,000,~ 0. Thele lnca extund from - New York via aud Balttmore to Piltsburgh, o, Fhiladelphia Coluwbus, Indiauspolls, Ht, Louls, sud St ranching at Dubuque to Chieago, and from Clileago to" Olmenntt, Foulavilie, anmihn, Mompin, aud Now Orloans, Thoy own shaut 5,000 milos of linb and 10,000 milen of wiro, and lio gross rocsipts Isst yoar woro about $600,00. Tt tn betlovod, tiat an axrango- ment will o mndo satisfactory to tho boldora of tho alinco o tho stock by which e 1inoa wil bo turmod ovor (o tho Wostorn Unlon Company at an_early day, ‘NEUMATIO TUDER AND RUNTERTANEAN LINES, Whon our now butiding on the corner of Toy sircot and Brondway is completod it ia proposed to connoct ity phoutnatla. tubes with {ho Btock and Produco Fxchanes and other Important. branch ofiico In tho clty. "1t s ulao contomplated to Iny down subtorrancan fitios fn o lowor part of (ho city with tlo view of tosting fhelr oficloncy and cconomy a comparcd with tho proaent modo of construction. BTEARNS' DUPLEX TRLEGRAPI, Tho purchaso of tho patents for tho United Statey and Cannda of this most ftnportant and valuablo of all fho imyrovemonta which have been mado mnco the Morao tolegraph was first. ostobilahed wos mentionod i last amiusl roport, During the poat year wo Tinvo Jargely fucreaned tiio number of duplox’ instrue monta ol Apparatus by meatin of Whicls messagen con Do transmitted in opposito dircctiona upon s singlo wira at tho samo time, We hiavo now in operation ovor 300 Wote, and it i tho intontion to inva all our princt. 1l atatlons completely equipped with them sa poon au floy can bo supplicd from tho fuctory, Wo uro now oporating moro thnn 160,000 milca of wire, wnd duting tho past two years havo boon oxtonding at Ul rata of nanrly 20,000 miles of wiro per annum. Tho auplex pparatus {n capablo of doubling the capacity of Llicso wire at n comparativoly sinall cost, GOLD AND BTOOK TELEGRAPIL OOMPANY, Tio Weatorn Unlon Company owna 47,710 shares of tho par valio of $25 per aharo of tho atock of the Gold and Btock Tolegraph Company ok of the capital Gf 100,000 nhares, Tho Gold snd Stock Telograph Company tranmmits its roports over tho Western Unlon Hires, nud during tho past. sear patd na in tolls 093, and ono dividend of § per cont, mmounting to £ 45,070, TITE COMPANY'S FACTORY, In January lust tho factory i New-Oliureh atreot wan completed at. o coat of $139,712, of which $55,000 wue pald for tho land and Lullding, Tho factory I8 10w capablo of supplying oil tho spparatus required Dy tho Gompany, und_1ts eapacity can bo moro than doublod when roquired. THE NEW BUILDING, Tho nvails of the $1,600,000 of bondls {ssued on themortgagoof tha real estatoat tho . corner of Droadway aud Doy strcote, AmMOUDted 0, 2u enue +81,407,883.60 Accruod interost Tecoived. ey 16,1003 Intereat on avails unexpended July 1, 1873 80,076.00 Rocelved for salo of old materials,."veve Total received up to July 1, 1873..,.. . .$1,644,005,03 Expouditurcs for purchiaso 0f the real ea~ tato at {ho corner_of Brosdway and Doy streot up to July 1, 1673 855,000,00 Interest on bonds., $121,012,60 Taxes, &c., &o,.. . 10,800.66 Intorest on Dodg o 3,320.76 Commisslon on Aale and oxp of proparing bonds. 14,730.84 Amount pald to arc) ‘bulldors, 220,048,04— 369,081,70 Total expended to July 1, 1873, $1,234,08L.70 Tho yeork on the buslding haa not progrosscd ns rap- 1diy a8 was oxpocted, sud it will bo impossible to 0o cupy it, ns originally contemplated, 1 tho spring of 1874, fho delay Line been occasloned wholly by tho dn- abllity to gwscuro tho granito within the time required, Homo char.gve Lavo beon mado in the original plan, by which the cost will be somowhat {ncreasod. All tho work fs boing douo in tho most (hor- ough and aubatantial manzor, snd tho bnlding prome 1808 to bo, when completed, ono of the fluest i the, clty, Thio total cont for Innd snd_builaing, furnished and equippod with tho machinory ond_appAratus To- quired by the Company, will bo about $1,700,000, At th data of tho coneolldation with the' Amertcan Tolegraph_ Company, July 1, 1600, tho capital of tho Western Unlon Company {ssied and liablo to bo lsaucd waa 43 4t now 1s, $41,073,410, Tho Company waa_ thon in posseanion of about 75,000 miles of wirs, on which Wera tranemittcd during the year following about 5,600,000 mousages, At tiat timo all tho linoa on tho Tacitio coast, sud nearly nil in the Btates of Jown, Tilinls, and o Northern Missouri, al- though _ workiog fo_ councction _with _ours, woro' ownod sud _controlled by other compat ples, - Alfbough tio Western Unlon Company owned o lino botween tho Missourl River and Balt Lako City, at which point connection was Lind with tho Callfornin and Pacifio Coast. flncs, ita buaincea from Oblcago to tho Misgouri River was_obliged fo pass ovor tho lincs of unother company. Bluco that timo wo havo ac- quired, by leasa and purchose, tho lincs of tho Ilinots and Alsafesippi Company, which ocoupled the Btates of Tilinois and Towa; of the Chicago and Mississippl Company, which aceupled Northorn issourl aud of tlio Culifornis Btate Company, which occupied tho tor- zitory o the Pacific Cost aud Salt Lako City, On tho 1ot of July, 1673, tho Western Union Come ‘pauy controlled and oporated moro than 160,000 mitloa of wir, ond owiod the controlling interost in compn- niew opérating 10,000 miles more, Durlug tho porlod of seven yoats, in which the Com- pany's lines and wices hinvo boen doubled in_oxtent, and tho capital stock outatanding bna been reduced by mioro than §1,000,000, and othor proporty acquired ‘ropresonting {fl tlie nggregate moro thun $13,060,000, the volumo of Luslucss bnw incroasod from losa thun 0,000,000 messngea 1n 1860 to about 14,000,000 in 1873, e gross roceipts during the samo porlod havo grown from $0,500,000 to $9,333,000, but tho profita lisva not increased ofther in proportion to tha volumo of busl- nosn o to tho grossrecolple, Uio oxceus af 1673 over 180-7 being bt about $130,000. A briof statoment of thio causos which hovo produced this rosult scoma Proper at thia timo, Thiey aro malnly thosot 1. Tho cnbanced cost of labor, of poles, wire, and all materisls used in constructing, maintaining, oud oporating tho wires, 2. 'Tho reduction of rutes rendored necensary by tho action of tlia compoting companica hotween stationn on tho route of telr lines in the firat Inslanco and, later, Teduction in other sections in arder to- equalizg rates, aud thoreby romovo the inducomont for compoting lnes to oxtend still furthor, At tho samo time that compotition haa beon operat- ing to reduco the ratcs and fcrenke tho expensts, wo linvo Loen called upon ut overy sowelon of Congrean for the Inst Your yeors to defond (ho polioy and minunge- ment of {he Company from churges nindo by members of both Houses of Congress, by officials of tho Govern- ment, and In a fow iustances Ly the prees, Tho effeot of théso hostllo procecdings sgulust tho Company Loa Deen to induic tho Executivo Committeo to- procecd more rapidy with tho work of increasing tho facilitica and reduciuy tho ratos than tho actual condition of tho Company's affairs may at firat sight scom to Jusi~ £y, But littlo retlcction will, Lowover, bo nocessary in ordor to satlafy you of tho wisdom of thelr actlon, “Thio ecalo of Tatcs fixed by compotition on tho most important routes sud botweon tho principal citica lins ‘beon applicd recontly to tho whols country east of tho Tocky Mountains, so tlat tha inducenicut to subscribo capital for the cxicnalon of compoting lings, in order to Ecotiro tho honefit of competing rates, 10 longor oxlts, At tho rates now cstablished, it 18 impossiblo for any competing_compauy to rculizo proiits, and somo of thiem 7o known to be, and oll aro belived to_bo, opor- ating at o loss, As a Tesult, tho extonsion of compot- ing lince bns coased, ond It 18 not belioved that capital can Lo found wherowith to inaugurate now onterprisos insuy quarter. Thotimods not distant, thorcfore, when the Western Union Compavy will e without o substantial compotitor fn the conduct of a business which, notwithetsnding tho enormous growth of tho Isst soven years, 6l 18 in fis infancy, ~With tho in- ereaso of wires afready provided and now in progress, tho capacity of which tho Dupiox Apparatus horcinbor fora spoken of will bo ablo to doublo ot suall cost, it 1a bolloved that tho constantly incroasing volumio of Dusiness, tho growth of which will Lo atimulated by o preasnt low aud wlforia rates, can Lo auccesafully bundled with o Ices abnual investment in now con- siruction than hus herctoforo beon necoasary ¢ 80 that Tt compotition clscked wid, In process of Leing cx- tinguisbied, tho porcontago of oxponses moy bo ro- duced, aud {ho patience of tho etockholders boroward- edat i early day by tho resumption of regular divi- dends, Respectfully submilted, WILLLAS Onto, Prestdont, MICHIGAN'S CONSTITUTION. The Commission Strilkkes Ont the Secs tion Reluting to the Insuc of Wator= ed Stockés=Adoption of Several Are ticlcs==Women to be Eligible to School Officen, Special Dispatch to the Chicago Tribune, TANsING, Mich.,, Oct. 10.—Tle Btato Board of Tlonlth hos momorialized tho Commiseion to in- gort o clause relating to publio security in rail- rond and stoamboat transportation. No action was takon by the Commission regarding tho mattor, as boing in the provineo of legislation. The judicial artivle was fiually passed, tho torm of Circuit Judges being fixed at six yoars, &s at presont. In considering articlo on the electivo franchiee, an unsuccossful offort was mado to strike out the word * malo.” + Thoro was a vigorous dobate ovor the govern- ment of the University, Judge Upson moved to continuo tho present scction, relating Lo the ro- ontd, The motion was lost by n voto of 8 to 8. Tossra, Pond, Riley, aud Ferry favored giving o froo power to the Regonts. The articla on financo and taxation poesed, aftor striking out tho section forbiddiug the ox- emption of chureh property from taxation, Thin scotion will porlinps bo Aubimitted soparatoly. The Commission Iu about nflnnlly divided, P'ho famous scction forbidding the watering of ailrond stock was styuck out, and another ono B osad by Judga Withoy, ‘a8 follows: “All otitious lusuoe or fncreaso of tho bonds or other indobrodness, or of the capital stock, of any cor- poration, iu probibited.” 'L'he whole article then ailed to pass, Yestordny, a section wan q\gmvm\, doclaring woman oliggiblo to tha County Supermtondenclei Lg:l Holool Inspectorships,” aus ofticos, other #chool — BUSINESS OF LA SALLE, ILL. Speelal Dispateh to The Chicago Pribune, LaSanre, Ill., Oct, 10,—As an ovidonce of tho business prospects of LuSalle, it I propor to meution that the amount of froight slipped from this city by tho Chicago, Rook Tsland & Pa- cific Railroad, during the panio month of Bop- tembor, notwithatauding tbo suspousion of the TaHalle Glass Worke, was largely in oxcoss of that of tho corrosponding month of last your, ARMY OF THE TENNESSEE, Torrno, 0., Oct, 10.—It has been wiated by thie Pros voport that, owing to tho oxpectod prosence in - Wasbington ou the 14th of tho -‘vnnfollenl Allinuce, Providont Graut wonld not Do ablo {0 attoud tho meating of the Bowluty of 1873 5 tho Army of thoTennossoo in Tolodo on tho 15tk ond 10th insts, 1t is now officlally stated that 1o will lonvo Waahington on the 14th and reach this olty on the 15th, romaining over until the 17th. Arrangemonts aro progrossing for a Auc- coesful oceaslon, aud large numbors of promi- nont officors are oxpeotod bomdo Prosidont Qrant. Shorman, Bhoridan, Pope, Lognn, aud many others have sigulfied their intontion to como, SPRINGFIELD. Monoyn Recelved in the 0ffices of tho Secrotary of Stato and Auditor-«'' Pelcin Distillors Still Deching to Pay Uortnin Ponultics IRequired by tho Rovenuo CollcctorsaCnnnl Barnings nnd Improvements. % Spectal Dispateh to T'he Chicago Tribune, SeriNerIELD, 111, Oct, 10.—~The law roquires tho Btato Auditor and Hocrotary of Blato to ro- port to tho Govornor somi-aunually, tho lst of April and tho 1st of Octobor ench yecar, tho amount of feos which cach Las recelved in their rospective officos, and to pay tho amount of such feos into tho Btate Tronsury. 'Tho law wont Into eoffoct with tho boginning of tho torm of tho presont incumbont, on the 1st doy of April last. Gon. Lippincott, Auditor, roported and paid into the State Troasury $12,- 160 to-day. Ifo reported up to tho 80tk of Bop- tember, and paid into tho Treasury, £4,122.00. Total for oight and half months, $16,282.60, Col. Harlow, Sectotary of Btate, on tho 1st of April roported and_paid $1,504.76, and _to-dog, up to tho 18th of Boptomber, ho reported an: pad $4,704.20, Totnl, £0,358.95. 'olal foes collectod in both ofticos, $22,041.65. 'The distillors at Pokiu did not come to timo to-day with tho $12,600, which thoy Lad prom- ined, and Collactor Purdio, who rocolyad his com- mistlon to act tomporarily for tho Governmont. to-day, doparted for Pokin to-night, and to- morrow, should the gentlemen still rofuse to poy or ook dolay, ho will destrain their proporty and force tho collection. A certifioato of organization has boen lssned to tho Wostern Land and Colonization Company, of Chicagos capital, $25,000. Gen. Anderson, of Pooris, one of tho Canal Commissionors, roports the eamn- ings of tho cannl to bo $103,000, up to Oct, 1. Tho foundation for tho datn will bo com- pletod by tho 1st day of Janunry next, and it is expected that the work will bo prosocutod na fast aa it can bo doao, and 80 soon 88 the Canal Com- missionory are assured that the earninga of tho canal up to tho timo navigation closes will bo sufficiont to pay current oxpenses until naviga- tion opens in tho epring, they will set apart £100,000 to the credit of the canal, as the Inw suthorizes thom todo, for use in proscouting the work o tho lock and dam. SAN FRANCISCO. Tho Pacific Coast Salnon Fishericse= Internnl Kevenue Ieccipts=Ship= meonts of Browing Barloy to Livers ! pool, Spectal Dispatch to The Chicago Tribune, Bax Fpaxoisco, Oct. 10.—The salmon flsh- eorics aro an Important foature of our coast trado. Upward of 100,000 cages were packed tho post soason. Total valuoof tho fishories of 1878, $1,000,000. Arrangoments are being mado to double tho number of cauning establish- monta, Tho internal rovenuo rocoipta of this district tho past nino months aggregate 1,600,000, ‘o roceipts yesterdny awounted to $25,000, Logal-tendors, 91 buying; 92 solling. fonsiderablo quantitios of prime browin, chovalier barley are boing shipped to Liverpool, the first of thokind ever shippod from this port. MICHIGAN. Organization of Companies, special Dispatch to The Chicago Tribune, LaxsiNe, Mich., Oct, 10.—Tho following arti- cles of mauociation wore filed with the Secrotary of Btato from Oct. 1 to dato : Benzie County Im- provemont Company ; capital stock, $25,000 ; amount paid in, not reportod. Grand Rapids Brush Company; capital stock,$100,000 ; amount paid in, nothing. Couglomerato Mining Com- pany, for porfocting cousolidation with tho Oscaola Mining Cnm[‘mny ; capital stock, £200,- 000; smount paid in, $200,000. Galo Aaou- facturing Company ; capitsl stock, 58,000 ; amount_paid in, gsb,oau. 8t. Josoph Hooiely of Bay City ; benevolent. Scranton Siiver Min- ing Company ; capital stock, $500,000 ; smount paid in, 860,000, Funding of n Part of the Statc Debt— The Supremo Court, Special Digpatch to The Chicago Tribune. LaNsiNa, Mich., Oct, 10,—~1he Btate T'roasure e purchased of ‘holders in Michigan 294,000 of Miohigan Btato Bonds, 6 por cont, not due until 1878 and 1883, ‘ho Btate Biuking Fund wau drawing from the Btate ouly 4 per cent, thus sav- lu‘i the State 2 per cont. 'Lio Bupreme Court has adjourned until next Tuesdsy, at which time tho Dotroit ark caso comes bofore it. THE CROPS. Damage to Corn by Septembeor Eros F'he Corn ¥ield of Iown estimated at 126,000,000 Bushels=»A Folling Off in the Potato Crop--Cotton. JaogsorviLiLg, Ill, Oct. 10.—Reports, dated Oct. 1, recoived at tho offico of the National Crop Jeeporter, indicato en incrense. Thoro Is o slight loss on corn in Illinois, Missouri, and Obio. Tho ecstimated losses in the States mon- tioned aro respectively 14 7-10, 7 1-10, and 8 8-10 por cont. Reports from all quarters sgron al- most unanimously that but little damage has been effectod by froats since Oct. 1, but confirm the reports of serious injury by froats in the Inttor part of Septombor, st which time much of tho corn was yob in milk, The result will bo Been in & great deal of soft corn, much of which cannot even bo fed to stock, Reports from Iown indicate o loss on corn, as compared with Iast yoar, of only 6 1-10 per cont, which would make the yiold for this yoar 129,- 000,000 bushols. As faras can bo loarned, the ncroago sown this fall in_whoat is vory considerably greater than in 1872, and, thus far, in most sections, tho ‘woather has boon quite favorable to growth, Additional reporta frowm Minnesota, Illinois, Towa, Wikconain, Missouri, Kansas, and Ohio confirm tho ostimated falling-of In tho Irish potato erop in tho States named, which, in 1870, produced over 43,000,000 bushels. The loss at ho given rate would 'sggrogate over 16,000,000 bushoels, Beattering roports from the cotton Statos men- tion that much damago has beon caused to the Jate cotton by drouglit aud wornw, especially in Arkansas snd Tounessco, Hehr Four Brothors, Tolland, rallrond Ues, Trop Argyle, Monireal, sundrics, Hoow Magdalena, GarPa Plor, wood. Heow Alnapoo, Satigatiick, wood, Hohr Hattio Eat), Saugntuck, lumber, Bimr Gorann, 8t Joseph, aitidrios. Bchr Horald, Mahistee, limbor, Btmr Muskegon, Grand Hnven, sundries, Trop Brooklyn, Ogdensburgl, hundrios, Hoow Bpray, Holland, btayen, Targo Wolverine, Grand Haven, Tumber, Tinrga ity of Granit Haven, Grind Haven, lumber, Barya Gity of Grand Rapids, Graud Hove, lunber, Hebr Antares, Mukegot, iumber, Targo Witidsor, Manintes, lumbor, rop Gty of Datroll, Port Muran, aundelon, Hehir Guldo, Lolland, raliroud tfeh, Trop Prussfs, Montreal, 100 tona pig-iron, Prop H, D, Gildwell, Tort 1luron, aundrics, &chr M, roli, Muskegon, Tmbér. CLEARED. .1, 1010v00.0ck, 10, Sohir Albncora, Ringaton, 19,176 )it Whant, Sehr Thirco Bells, Collingwood, 13,169 bu corn, Birlg N. M. Btandnrd, Buffalo, 18,570 bu wheat, 8ehr A, oody, Bitffalo, 20,472 b burloy, Schir A Murdn, Buffalo, 18,000 bu barley, Belir Kuipht Templnr, Kingston, 17,600 bit wheat, Btmr Coronn, 8t. Joscph, sundrlos, Btmr Alpena, Manitowoc, aundrice, Belir Harmoty, Manisteo, 600 bu onts, 10 tons bay. Schir Nusnat, Uswego, 18,210 bu wheat, Selir J, P, Marsh, BufTald, 26,600 bu corn, 8t Gity of Now York, Ofrdeuaburgh, 9,850 bu_corn, 125 bria flour, 45 brls whisky, 234 bils pork, aus sundrics, Dark Huadills, BufTalo, 33,000 bi onta. EBobr Hello Wafbridge, Buffalo, 18,200 bu corn, Bobir Tri-Color, Holland, 150 Lidcs and sundrics. Trop Olins, Reltz, Monistco, smdrice, 'NIONT CLEATANOES, Prop Qubs, Buffalo, 56,500 bu onls, 10,400 bu barloy, 2,500 brls flonir, 500 thorcen lakd, Btmr Brooklyn, Ogdensburgh, 6,000 bu corn, 221 piga cad, 116 brin pork, aud sundrics, Sehr Carlihgford, Bitffulo, 29,000 bu wieat, Trop Oconto, Green Bay, 40 brls liquor nnd sundries, Schr Jamos D, Sawyer, Bulinio, 42,000 bu corn, Stme Muskogon, Grind Haven, 37 brls ofl, 33 brls pork, ond mundrics. Lulko Ereights Woro more actlvo ot yeatorday’s rates,—or at Tige for ‘corn, e for wheat, and 0o for oats 10 Buffalo; sud 14@145gc for wheat lo Kingston, Chartors were 3 To Buffalo—Schrs Minnle Slawson and Carlingford, wheat at 83 achrs J, G, Sawyor, Nelllo Rodington, Naind, B, Valbrldge, 1nd Galiatin, coru t 7ic ; schrs, 8. F. Golo and D, Paraons, corn at 8o ; eclits Erastus Coruing and B, B, Pomoroy, onta it fo, . To Kingaton. vin Port Colborno—8chr Jano Woodruil, wheat at lde, To Oswego—Schra Naesnu and Oortes, wheat at 140 To Ogdensburgh—Schr Clayton Bolle, corn on privato {armp. o Collingwood—8ehr J. Mulins, corn at e, Total, 163 capacity oqual to 110,000 bit wheat, 220,000 but corn, 100,000 bu onts, From Milwaukes to uflalo nchr Moy Colling, wheat at 0e. In tho afternoon it was tnderstood {lat o schoouer wus taken for wheat to Kingaton at 160, Portof cnnabn, Mich, Spectal Divateh to The Chicago Tribune, Ef0ANADA, Mich,, Hopt, 10.—~ARRIVAL&—Tth, Achr ‘T, H. Moss, ‘Deranrunes—Ameries, of Cleveland, 793; Mory Jarreeki, of Erlo, 888; Win, Warner, of Erie, 1,47173 Masallloh, of Defrolt, 460 ; Loland, of Leland, 468 AnuivaLs—8ih, bargo J. D. Kitclon. Derantunes—Forest City, of Oloveland, 1, ‘W McGregor, of Cleveland, 1,276 ; 8, C, lhidwln, of Chicngo, 450 ; A. L. Potter, of Milwaukee, 489 ; Ishpon. otter, ning, of Dotroit, 742 ; A. 1, Moss, of Cloveland, 670, Anntvata—9th, bargo Neptune; schra Americon Uinton, Elizs, Gerlach, N, Colib, Deanirunss—J, B. Kitéhon, of Fagotto, 616 ; Nop- tune, Green Ba, Vessels Passed Detroit, Drrnort, Mich,, Oct, 10,—~PAssED Up—Props Lowelly 8. Loutn, Sanllac, Toledo, St, Joseph, Dradbury and Dorge, Birkhead snd_barge, Trader and barge ; bark 3. Boll; schirs Pamilco, Mior, W. S, Orosthwaito, J. I ‘Fonfleld, Helfonstein, City of Tawns, Butcher Loy, F. Bcovillo, Onward, G, 0, Trumf. Tassed DowN—Trops Obampinin, Shelden, Kenawa, Tiog ; schrs Goldbunter, Col. Ellsiorth, E.'N, Baker, ¥. Puliner, If, Howard, Wagsta, D. 8, Austin, “Winp—Houlliwest, Detnorr, Mich,, Oct, 10—Evening—Passgn Tr— Props Aluska, Durlington and barge, Russia; schra Skiuncr, J. B, Merrill, G, A. Ohannon, A, W. Luckey, Passeb DowN—Props Fouutain City, Orontea sud barge, Barnum ; schrs Sunrisc, Princa of Wales, N, Garducr, T, Ferry, Mears, Ewpiro State, Winp—Bouthwest, X1linois River ax Canal Nows. Spectul Dispatch to 9'he Chicaao Tribune, LaSanLe, Oct, X The steamer Tllinots arrived fo day, towing two ikt brges, to Lo londed at this port with Lasallo rough stone for tho Copperas Crock dum, Tho canulboat Leviatht, with corn for Chicaio, wnk towed up from Peru, Thio stoamer Lancaster dopart- ed, towing two larges of rough atone, ot tlis port transferred from tho canalboats ‘Cravelor and Irwin, for the Copperan Creek durm, The projoller Whalo, towing her barga Friend- ship, both with ealt aud hard - coal for Henry; the steanior Last Chance, towing ouo bargs 'of LaSallo rough stouo for tho Copporaa Creek dom, und tho canalboat M, L. Adams No, 2 and barge, both with lumber for Jeotin; tho canal- boat Teabella, with lumber for Yoru swus towed down tho cannl, "ho bonta Teavolor and Irwin, botl light, for Lomont ; the Leviathau, from Teru, with corn for GOhicagos; thio Nautilas, from LuSalle, with LaSallo coal for Oijeago; and tho prop Depue, from LaSalle, with alicet zinc for Chicago—all passod futo the canal,’ The prop Whale and her barge Friendship, with hord conl and salt for llenry; the Isabella, with lumber for Terut; and tho Jolin'Carier, with lumbor for LaSalle— all puseed out of tho canal, Eight feot and soven Inches of water on the mitre it of Lock No. 16, Norepart of licsiayo of waer olow. OANAL OrriCE, Chicago, Oct. 10.—Arrived—Mon- arch, Lockport, G018 bu. corn; Chinmplon, Lualle, 5,000 b ont#, 10,953 1ba rage; North Drauch, A selllcs, 8,000 bu cora : Dolpliin, Oltawa, 5,000 bit corn, 99,000' fbs empty barrcls; 'Geu, Itosccrans, East Morris, 160 tous coal ; Constitution, Lomont, s stous ; Auguata, Lemont, 89 yds stono; 5, mont, 89 yds sfono; Rescue, Lemont, 15 mo; Martin Tiogan, Lomiont, 85 3 stond; Admiral, Lo- mont, 8 yds stono; J, I, ‘Walker, Lomont, 80’ yda nlono’; Mary Walker, Lomont, 89 'ydu stoiio: Ellio O'Contiell, Sag, 89 'sds stone; lellance, Willow Springs, ‘59 yds stouo; Excelsior, Lomont, 85 yds stone, ‘ Cleared—Schr Mechanle, Tenry ; Conteat, Morris, 50 brls galt ; Elfzaboth, Lockport, 5,000 bu wheat, SPECIAL NOTICES, Burnett’'s Cocoaine for the Hair, Noothor compound posscsses tho pocullar proporties wehfol 80 0xaatly sult tho varlons condfilaus of tho huan air, 1t softons the halr when harsh and drv. 1t auathio tho frritated scalp. Iaifords tho richest lustro, It remalns lougest {u offoct. 1 fa ot groasy or stcky. 1t loavos no. lllnlx'mnlhfl: ‘adnr. SOLD BY DRUGGISTS EVERYWHERE, Melmbold’s Buchu, The onls nxtract of that wondorful curativo shrub that coutainw ity full virtuce, is still consldored thy trie spo- cltic fur Kidnoy Disoases, Giravel, Diabotes, Caleulus, Drapsy, and thusu obsoura’ diseascs that undermine Iito and ‘rob it of enjoyment. Dr. Holmbold, who fortuno fn nking i ilscovors knoven, ks lvud 4 300 d yslclans and poople of two continonts. Ramombor that it 1 HELMBOLD'S Exteact that curcs whou all othors fail. Schenck’s Mandrake Pills. Thono pilla aro composed oxclusivaly of vegetable fn- grudionts, and slthough thoy oniiruly wupcrsedo the. nsa Sfmorcury. o not Jexso any of s lujuripusefoota. Thsy et diroctly upon the liver, ‘and are a valuable remedy in | oasos of doraugemont rosulifng from a disorderod tata of hat organ Livar Complaiat, Hiilous Disordurs, Tndigostion, Siok Toadaclio, Typliold Tuvars, &or &oe all stiocum to tho froo uso 8¢ Hahonel's Mandrake Bills, For sale hy all drusgiata and dontors. DRESS GOODS. “THE HISTORIC $7,000. TorerA, Kan., Oct. 10.—A suit in garnishment was brought soma days 8go in tho Distriot Court here ngainat tho Stato Uronsurer by the creditors of ex-Seuator Pomeroy to rccover tho historio £7,000 which figured in the last Kansas Senator- inl olection. 'Tho Troasuror filed his answer. to- day, declaring that tho money is not in Lis pos- sossion, ho having roturned it to the Lioutonant- Govornor, from whom lo orlginally received if. Porsonal suits have boon brought sgainst the ‘Treasurer and Lieutonant-Governor, pataii oo veglodhades, SUICIDE. QOamno, IIl,, Oct. 10.—0, Mousor, civil engi- neer, lately from_Tolado, Obio, wus found yus- torday ovoulug with his thront out, lying at the adgo of Oachio Rivor, near Ultin, Pulsld Coun- ty, His statemont is that ho intended to com- mit suioido, sssigning no reason, and that he cnt his own ' throat and jumped into the wator, whioh proved to boe too shallow to drown him, Ho will probably die. i INDIANAPOLIS INDUSTRY. Special Diepateh to The Chicago Tribune, Inpranaroris, Ind,, Oct, 10.—The Capital Oit; Iron Works Company have incroased their capi- tol stock to £80,000, and roorganizod by elgcting V. Butsch, Jawmes filclmou, T, P, Rush, I, Goep- por, T, fmzlngnr, Samuel Make, and N, R, Rucklo Diroctors, "~ MARINE. . Port of Ohicago. ARRIVED..., fehr 0, L. Johneon, Musltegon, linibor., Sehr 3, Dall, Muskegon, limber, Belir 0,3, Roeder, Buvksyon, Inmber, Sehr L, M, Daviw, Muskegon, suudrics, Trop Moliswk, Duffalo, lumber, Bolir Adriutio, Muskegon, lumber, Bobr Win, Jortes, Muskogon, lumbe, Hchr Gamo Cock, Muskeron, lumber, elr Katlo Lyand Hour Hellon Mushegow, lumber, looil, Muwkegon, lumber, Muskegon, Iumber, wa, Muskegon, lumibor, Bebir Magnolia, Muskegon, fumber, Stmr Alpens, Muskegon, sundries, Hehr Ella Ellonwood, White Lakoe, lunber, Hehr Torala, White ko, lumiber. Beur I, B, Moore, Huugatuck, sl Hehar Tri-Golor, ollaud, elbb, LADIES’ GOODS, INFERESTING PRICES! CARSON, PIRIE & C0., MADISON AND PEORIA-STS., OFFER TO-DAY: Fronch 'Wovoe Corsots, warranted beat qualities and shapos imported, about aotual half prico as follows: Regular $4.60 Corsot for $2.50. Rogular 3,50 Corsot for 3.00. Rogular 2,60 Corset for 1.50. Grent Bargnin in Roal Paris Xid Gloves, in colors only, at $1 per pair, formorly $1.76 Dair. “Thomson’s Bost” 2-Button Roal Kid Gloves, in colors only, $1.50 por pair, usual prico $2.26; this ia tho boat Glove imported. Good 3-Button Kid Gloves, S1 por pair. Now Bhades just roceived in “Thomson’s Soamloss,” ** Aloxandre’s,” * Courvoisours,” and othor bost makoa Paris Kid Gloves. TLnrgoest Kid Glovo Dopartment in tho city, and best nssortment of shades. New Morino Underwenr in Ladies’, Gonta’ ‘Misses’, and Boys', sizos at choap prices. Large stock of Gents' and Boys’ Oolored Morino Undorwonr at Spocial Bargains, The lorgost and cheapest sssortment of lJihfldmn's Fronch and English Fancy Ho- siery. Bpooial Bargains in Ladies' Hoslory. LADIES’ TIES. Bpeoial attontion called to our very large and elogont now astook of Ties, embracing somo of tho richost goods imported. BARGAINS IN RIBBONS, BELEGANT NEW SHAWLS. CLOTHING, WE ARE NOW Showing the largest stock of MEN'S & BOY® FIINE Everbrought to this city. The Tls- ter, Glengarry, and othor late styles, all our own manufacture. Our CUSTON DEPARTMENT 1s well stocked with tho latest im- portations in Coatings, Suitings, &e., to make to ordor. Pricesreasonable. Style and workmanship warranted. Men’s and Boys’ Undorwear, Ho- siery, Shirts, and Neckwear. WILDE, BLUETT & CO,, CORNER State and Madison-sts. KEARNEY'S BUGHU, EHARNEY'S EXTRACT BUCHU, Tho only knoywn remody for Bright's Disease, And 2 Positivo Romuds far GOUT, GRAVEL, STRICTURES, DIABETES, DYSPEPSIA, NERVOUS DEBILITY, DROPSY, Nou:Ratentlon ar Ingontinonca of Urine, T , In. atnniaiion or Uleeration of th r-tiom T BLADDER AND KIDNEYS, Bpormatorrhona, Louecorsha ar Whites, Dlsossos of the Prostato Gland, STONE IN THE BLADDER, Caloulus Gravol or Nrickdust Deposit, and Muous, o2 Raitty taekarson " RpLE KEARNEY’S EXTRACT BUCEU Posltivoly and permanontly curos all Diseases or Affac. tlous of the BLADDER, KIDNEYS, and DROPSICAL SWELLINGS, Exlating in Mon, Womon, aud Children, NO MATTER WHAT TIE AGE. Prico, 81 por Lottle, or Slx Bottlos for 35. Depot, No. 104 Duang-st,, New York, 8old by Druggists Everywhere. HAMLIN, HALE & COHPANY Will open on Monday morning, a large line of choico style Calicoes and Dress Goods, from Auction Sales, at great reductions. MADISON AND FRANELIN-STS, POLITICAL, Attention! 5th Ward. PEOPLE'S PARTY. Oitizens of thix ' Ward who are in favor of the “ Poople’s Movoment,” are respeottully invited to meet at Falkenborg’s Ianll, corner Twenty-ninth and Stato-sts,, this evoning at 8 o'qlook, for tho purpose of organization for the coming eloction, THE COMMITT! ____ DISSOLUTION NOTICE, DI OLULTION. Tho copartnorship horetofore known under the namo of €. W. CILURCIL & CO. 1s this day dlusolved, O, W, Clinrch is alo 1o rooulpt for and i thouatito of theuld in Chioago, Oat, 2. 1678, juron, RY UADY. \ For Groon ORNAMENTAL METAL WORK, frould Bros, & Dibbleg, 149 & 151 S@st., Chicago. ORNAMENTAL AND ARTISTIC METAL WORK, WHOLESALE AND RETAIL. Fountains, Vases, Statuary, Drinking Fountains, Agquariums, Deer, Dogs, Lions, Emblematic Signs, Copper Wenther Vanes, Stable Fittings, Crestings, Tron Furniture, Brackets, and Store Stools. EXCELSIOR LAWN MOWERS Agents for tho Fronch Patont BOULEVARD CHAIRS AND SETTEES, cAzoncs for Younglove Architeotural Iron ompany. IIXyA‘l‘YI"S Putent Illuminated Tile. LAKE NAVIGATION. GOODRICH'S STEAMERS or acino, Allwaukoo, Shichoygan, otou, dally, Bunduye o e e ey KTt Thoke for aiile ks don't Juave untils p. m. Yor Grand Iiaven, Grand Rapids, Buskozon, eto., teis ‘wokly, L7 o iy o bte. , daily, Sundays oxaeptor, 108, m, ot ot Lowve, e 15 0 e ay Doris, Monday, Wodnesdsy, and Feld i Alouidiy's dnd. Woduosiay's buat £ooe 3, Bate L7 Haodia