Chicago Daily Tribune Newspaper, November 4, 1873, Page 1

The Chicogy Dailp fih%%@@ ‘ VOLUME 27, CARPETS, RETATL (arpet Department State & Washington-sts, 'FIELD, LEITER & CO. ‘Will offer & large line of Car- pets at the following prices: FRENCH AXMINSTER, $2.75. 7 ENGLISE VELVETS, F2.25 and $2.75. BODY BRUSSELS, $1.75 and $2.00. é TAPESTRY BRUSSELS, $1.00 and $1.25. ALL-WOOL INGRAIN, . 75¢., 80c., and $1.00. - THREE-PLY INGRAIN, $1.40 and $1.50. COAT. RENMOVAL, 'We have removed our Main Office to Matisn & LaSalle Northwest Corner. All kinds of Hard and Soft Loal at retail, or by the cargo or car load. Mingr T Ames o, MADISON AND LA SALTENTS, TO THE VOTERS OF THE ELEVENTH WARD. I tondor yon my thanks for ths hoaor conforred upon mo by nomination on the Law-and-Ordar Tickot for Al dorman of tho Eleventh Ward, and rogrot to announce my withdrawal from tho contost. 1 am reluctant to take this stop, but focl that my hoalth will not. permit s vigor- ous prosecution of the conteat; and, further, thatsucha contest with ex-Ald, Jamea Walsh, running against me on tho Law-and-Ordor Ticket, would rosult in my dofoat, aud probably in tho clection of Alr, Walsh, In osdor to asold tho lattor disaster I Intend, so far as my hoalth will pormit, to support and work for tho election of tho rogular nomince of the Pooplo's Ticket, Georgo E. ‘White, bolioving it bottor for us to bavo an honest, Nbe eral-miuded, business man fo roprovont us rathsr than such & man as James Walsh. ‘Yours respectfully, " JOHN I FRRGUSON. GENERAL NOTICES. NOTICE. mutual consent, Mr., SPARROW, M. B NIOKEINSON Foiires trom o i interost snd Hability WAl Senre Bomn this XNE & 00, ata. . W. hioago, Nov. 1, 1873. NOTICE. On and aftor Nov. 6, 1675, thero will b rioo of +* Hus" tiskota on Tabaei ey, Bus safom o :'l_{ ll%'n&h\; I«ifs:fih‘:i"fl“ L‘l)"ll\fl" l‘fl m:E)vl’ ‘l.)lwmng 13 ‘witnP.’0. 3 rovions o tho fino and at Lho"o':u:n'.nh:;:l UNION LUNCHES. UNION LUNCHES Wl bo continuod this wook by tho Ladt “Mothodis Guarohon ag. © e *oversd No. 81 MADISON-ST. Only 10 conts for & Guod Lunch. TOR SALE. LEGAL BLANKS, The Largest and Best Assortment Published, AT WHOLESALE AND RETAIL, BY CULVER, PAGE, HOYNE & CO0, 118 and 120 Monroe-st, JONSUMERS will find it profitablo to got_our pri beforo g nhnwl!vrg. IUI’V%LE?JEP"‘J&N‘&‘ ordoring V¥ iniasslo avih totait Seatinmeet, Brinioms, A Hinek Buok Manufacturers ,168 Olarkat. FINANCIAL. $1,000 WANTED Top, tho,eam, on Ltst Real Eatato Bocurity. Addrozs —t— 53, Telbuno ofien. MEETINGS, Masonic. shiar Todye, No, i o SRer o BB A I, and A, M. Repular com. ) ovanlu, ar’ thole lai) in Ma« sunic Tomplo, for hual gl cordially m‘fluua." ru:v“ur:::'r'u?fi‘x'u‘wflf\‘ tho feaorally *__ O, 1l."ORANE, Boo, Attention, Sir Knights, ftatod Conolave of Apally O . thla Cluouday) ovoning ay 15}' ooty 3¢ I T ooty for Bt anc ko & G, R i Sl [Clhta courieously bnvited. 1 X B 1 W OB Rosoisr U, D. A, T, and A, M. R m! . D, e ] ¥ daviied. 1y ordor of titp Worshiptul aastac o cordially JUH, AL, ROLLNSON, Beo, FINANCIAL. The Situation Substan- tially Unchanged. The Olaflins . Submit a State- ment of Their Assets and Liabilities, Their Creditors Agree to Give Them an Extension. Ono of he Claflin Banks Investi- gated by the Clearing- House. . bleefing of tho Sprague Creditors to Bo Held on Thursday. Their Affairs to Be Held in Abeyance until That Time. Movement to 0r§am'za a Grain Bonk in New York, Jay Cooke & Co, Malke the Govern- ment a Preferred Creditors Annual Réport of the Director of the Mint. The Amount of Gold and Silver Coin Pro- duced Dnring the Year. Later Reports from Trade and Manufacture. CLAFLIN & GO. Special Dispatch to The Chicago Tribune, ONE CF THE OLAFLIN BANES. New Yonk, Nov. 8.—The busincss firm of H. B. Claflin & Co. 18 going on as quistly ns usual, and they are genorally bolleved to be sound to the core. - Sinco the circulation of tho firat stories impeaching the stability of Claflin & Co., ramors of g like damaging charactor have been started concerning tho Contral National Bunk, one of tho depositorles of tho flrm above reforred to. With tho intontion of arriving at tho truth of tho matter, the Clearing-House Com- mittoo havo made an invostigation into the affairs of tho banl, which was concluded this evening. Tbo Committee roports that the depoits in tho bank aro amply seaured ; and that the banl's, capital of 8,000,000 s, in their opinion, im- paired to the extent of $720,000. One of the omployos of tho bank gald to-day that this impairment had its_origin in the de- riciation of securities held a8 collateral on oans to membars of the firm of Hoyt,8prague & Co., and their employoes aro engaged in gething tho accounts of the firm into order, Prcpunlory to their nogotintiona with their creditors, [T the Astociated Press. ] New York, Nov. 8.—-The Iollowlni is fur- nislied by o member of the firm of H. B, Claflin & Co.: Btatements of tho affairs of the firm ag submittod to the mooting of frionds, which in- cluded thoir largest creditors, hold this after- noon, wero a8 follows: Qood nsgets of oll kinde, §22,508,000 ; total indebtedness, domestic and forelgn, §15,584,000 ; surplus, 6,024,000, Tt was ngreed that no assistance should be askod of tho associsted banks or’ Clearing-House, and thoir frionds and creditors present at the moot- ing unanimously tendered an extension averag- ing four months and a half on maturing mouth- ly payments, which was F:amptly accopted. Tho business of tho firm will proceed es vanal, In this statoment is not included the_ personnl as- sots of any membor of the firm. It mercly om- braces the amounts employed in thelr businoss. e THE SPRAGUES. Special Dispatch to The Chicago Tribune., Provipexce, RB. I, Nov. 8.—The prospoct to- dny is-chooring. Tho general opinion is that the worst is over, and that tho Bpraguo Company will be able to discharge their obligations if their croditors are not too pressing. THE FRANKLIN BAVINGS BANK will probably resume business soon. Thenew Directors will command public confidence. ' The Cranaton Sayiogs Bank has not so cheering a prospect, the value of deposils: depending mainly on tho issuo of the Spragues' affairs, The bank will pay in full, undoubtedly, if tho Spragues’ obligations aro met within s reason- ablo time, All the milla of the Bpragues are running halt timo, as during the past weelk. A OALL FOR A MEETING ot the Bprague oreditors was issued this nfter- noon, Whother the A, & W. Sprague Manufac- turing Company stands or falls largely depends on the action of the creaitors at that meeting. 170 the Associated Press.) Proviprxog, R, I, Nov, 8.—The meoting of the croditors of tha A, & W. Sprague Manufac- i.m"mql Company and M, W. 8prague will be held on Thursdsy, "Nov. 6. Until thon all furiher movements in the Bprague affojrs will bo held in aboyance, 80 that tho expression of views of creditors-may bo obtained as & basls of action. Goy. Hownrd has declined to bo a Trusteo of the eatate. The excitomont in tho mattor Laas subsided, but doop intoreat s folt for a success- ful issue of the grave situation. Thero is a strong desire on all gidos that the Trusteo-plan may be adopted, but tho difioulties arising are increasing momentarily. et =SS JAY COOKE & CO. Nrw Yonrx, Nov. 3.—A Washington dispatoh hos tho following: It has transpired that the house ot Jay Cooke & Co., which borrowed from tho First Natioual Bank of this city $800,000, throngh tho influonce of Honry D. Caoke, Pres- ident of the Bank, has, since their failure, with- drawn $200,000 in Contral Pacifle bonds, and doposited thom with the Secrotary of the Treas~ ury a8 socurity for tho £200,000 advanced them by the Booretary bofore their failure. ‘The orod- itors of Jay Qooko and Co. are to inveatigato the above prococding. —_— THE RAILROADS, Special Dispateh to The Chicago Tribune, OUESAVEAKE & OHIO RAILEOAD, New Yonk, Nov, 8,—Messra, Fisk & Hatch bave issued n circular exonerating thomselvea {from all odium in the mattor of tho default on tho intorest of Chosapeake & Ohio Nlallway bonds. p OANADA SOUTHERN. W. L. Beott, Director of tho Canada Southern Railway, who bus hoeu churged with tho sof(le- ment of tho obligations of “that Company, 1:; 8 thut (ho Company will probably extend jts fl.4'r= i dobt by glving additiona] paper, lutead «f funding as was originally intended; and wil prabably meet all its ohllf,'llflmlu within the jc- quired extonsion, o #aid the opening of tie Iutornationsl Bridge yosterduny would add - torially to the resnurcos of the Company, a:d ennblo it to participate in trafio which wou d prove profitable, THE ONEWAPEARE & omio, The Troagurer of the ChosaPoake & Ohio Rail road Company has issued a oircular to tho boud- holders, Ilo eays tho ouly way to ro-outablish CHICAGO, TUESDAY, the eredit of tho Comgnny 1s to fund its ontiro floating dobt in income bonds, to bo pald ont of tho net ocarnings of the road. Tho Company has authorized nn iesua of 7 por cent twonty. oar incomo bonds, to tho amount of $13,000,- 00y o bo used In saliring, thio lonting dobt and in A‘um!(n;: tho intorest thab may accrue on it 6 and 7 per cont bonds, ¢ KnoxviLLe, Tenn., Nov. 8.—The trouble bo- twoen tho Enat Tonnessco, Virginia & Goorgia Tailrond Onmaflny and thoir employoes aro still unadjusted, The mon obstruct the running of the frehihl traing, but do not Intorforo with the mail txning, > DELAWARE, LAOCKAWANNA 4 WESTERN, New Yonx, Nov. 8.—The Dolaware, Lacka~ wavua & Wostorn Ruilroad hnve roducod. the working-time of mechanicy and laborers to eight hours per day, —— NEW YORK. Special Dispateh to The Chicage Tribune, THE DOUBLE CONVEYANGE OF PROPERTY. New Yonu, Oot. 8.—A roporter called upon ommodore Vandorbilt this ovening in hopos of obtaining further particulars rogarding those two convoyances of & house and lot on Fifth ay- entio, ag proviously tolegraphed to Tz Tripuxe, which' Jomes 8, Banker registerod recontly, Onc of thom gave tlie property to Vauderbilt and tho other gave it to Judge Henry Hilton, Commodore Vanderbilt this oyoning declined to Lo interviewed on the eubjcct, on'tho ground that it was none of tho public's businoss. A ro- porter also called at the residonco of Henry Hil- ton, but be dectined to bo scen. Tho caso i8 & vory mysterious one. r {70 the Assocfated Press,) CONDITION OF TUE DANKS. . New Yors, Nov, 2.—1ho banlks to-day gained two and & half miliions in logal-tendors. et PENNSYLVANIA MINERS. Spectal Mspateh to The Chicago Tribune, Prrranuney, Ps., Nov. 8.—The coal-miners of this sectlon of tho Slate fntorestod in bituminoua coal-mining mot in Dologate Convention to-day. Though thero wera but fifty dologatos present, soventy-two lodges of the Miners' Progressive and Protective Association were represented. The object of the Convention was a very im- portant one,—that of bringing tho stytke which Dbas existed among tho rivor men to a'closo. This strike was begun enrly lnat summer, but tho employing conl operators of tho rivers have mot given in. The last Legielaturo doclared * mot-coal,” or screenings, merchantabls, and an articlo to ho paid for mining ; but the Coal Exchango thought otharwiso, and, a8 abovo stated, along tho rivora this wna 1ot granted, The railrond oporators had to in o mensure give in to the minors, as thoy supplied furnaces and mills with coal, and tho closing of ono would Lavo necessitated the shutting down of the other, &0 thoro was ot much traublo occasioned there, i ‘The rivor minors had -become very destitute, and the fact of the financial stringenoy coming on caused mauy railroad pits to close, - on account of tho mulls shutting down ; a0 assist- ance from that quarter was virtuslly cut off,, The meoting to-day wau to resolve on Some measure that would closs tho broach aud get the men to work. After a groat deal of discussion o roso- lution was adopted ignoring ‘ not-coal,” and doclaring that the miners wduld go to work on Monday next at the rate of 4 cents a bushol of 76 pounds over 134 inch scrcens of § superficial feot. '[he resolition was carried by but one majority, This virtually ends the striko. e PHILADELPHIA. THE DIVIDEND PERIOD. . Spectal Ihapatch to The Clacago Tribune. Primaperenia, Nov. S.—A general business stagnation continues to unsctile tho money warket and renders it difficult for good houacs to obtain funds save by paying excossively high ratos. To-morrow brings tho payment of divi- dends and interests on bonda of the varjous rail- roads, ote. It is belioved that with one or two oxcoptions the domands of coupon-holders will bo- promptly ealiafied. Mr. Taber, agout of the orthern Central, etatea that although tho dividond period of the Iatcor ~ occurred duflnfi the month,. he has hot yot been advised theronpon. The oflicers of tho Pennsylvanin Railroad sny that the onse of the payment of the ' eemi-annual dividend due this mouth has not_yet beou con- sidered by eitler thb Boards of Direetors or of Finance.” The probability of dividend being paid in cash or stock has not beon discussod by the Company’s oflicors during this month. Also all our City "National Bauks, save three, have their somi-annual dividend period. The oxpec~ tation is that all will divide aboat their usual amounts. e NATIONAL FINANCES. DEPARTMENT EXPENSES. ‘Wasmixaroy, Nov. 8.—Payments made from tho T'reasury Department on warrants in Octo- bor were: Civil and miscellancou: War., 7,003,333 4,682,230 520,114 Navy. Interest, pensions, snd Tndiana. 061,185 Total, sisrsivensiaiisaivesrSIGII0,803 Tho above does not include payment on ne- couut of intercst or principal of the public debt of the United Btates. THE MINT. The annunl report of the Director of the Mink for the flacal lfem- ending June 80, says tho amount of gold and silver deposits and pur- chases and coins struck, stamped, and wmanu- Tactured during tho year was a8 follows : $50,007,420.45 12,507,380.43 Total amount recefved and aoted upon..$13,244,818,68 Deducting ro-doposits made and issued by one institution snd doeposited with anothor, the do- posits wore . $57,513,055.98 9,145,328.43 1008007181 ‘Total number of ples Total value...... Bars of fine gol Tmported gold.. Total, ... Fino silver. Imported sl Total,.... +02:320,405,016.11 8,034,250,50 L. Bi981,054.94 +.$27,617,690,61 ‘The roport Is very voluminons, is full of inter- esting statistical and general information, and concludos as follows : * Soma idea of the in- crenso of operations may bo formed when it is statod that the coinage of gold during the month of Ootobor approximated in valuo 14,000,000, The coin, except ag to the Paciflo Consf, Btatos and Tcrrhnrlen, beiog as a goneral thing in tho ‘T'ronsury and bouks, the prosont time ia a favor- &bla one for eatimating the amount of gold and silvor coin in the country. From the moat rolia- blo datn obtainable the gold colu is estimated at ,000,000, and of wilvor 80,000,000 ; total, ~ 8140,000,000, 'The silver coin i8 priocipally in ciroulation in Californin, Idnho, Arizonn, and Toxas, The incrosso in coin in this country has boon ot a very fair rato sluce tho 1st of April Inst, and tho indications aro that, although there may be ocansional ex- portations, it will gradually go on till au amourt suflicient to enablo the country to resume spoc’o peymonts will bo seoured. This much derired result, howeveor, will dopend upon oconditions which oannot be discussed.” REOENT BILYER COINAGE, Botween §700,000 and £800,000 in silver of variona donominations willbe coined nt thoe Phil- adelplia Miut this_month, Thirty-seven thou- sand o tho trade dollars colned iu Nevadn hnve found their way inco clroulation In that scotlon, GOVERNNENT EXPENHES, Tstimates for tho civil establishment of t1o Qovornment to Lo submtted to Cougross 1! 8 yoar oxcend those of last yonr botween 1,500, 0 and $2,000,000. ‘I'his incroaso is eaun prineipally hr the rnlsing of anwmber of snl rios at tho lust woseion,” Tho ostimatos for tl o Intornal Revenus Buroau this yoar are about $22,000 loss than lnat yonr. e MANUFACTURES. Special Dspatch to The Chieapo Tribune, TENNSYLVANIA AND NEW JENSEY MILLS, Piravereuia, Nov, 8,—~The Amidown Mill, on the Wissahiokon, susponds operstions thiy ! convertiblo wook, proparatory to n surrondor of the promisos to tho g’nrk Commisstonors, A groat many iands will bo thrown out of nmnlo{mnm, and upwarda of $12,000 monthly lost fo this community, Tho proprietors roopen in Patorson, N. J. It was roported on 'Chango to—dn{ that all of tho Ronding hat factorios, sixtoon in number, hnd auspnnSJ. throwing out almost 1,000 hands, whose monthly msum footed up nearly 830,000, In Wilmington, John U. Rica & Co., iron- foundors, having flnished tholr Inat order, shut down -tomporarily, rotaining but a fow hands. Anothor large iron firm proposo continuing on full time it thelr employes will- ngreo to accept one-half their wages iu duc-bille, peyable at o futuro dato, E The following instance of i DEATITUTION provailing nmun(g n mojovity of the working classes in Wil nfimn s rolated : A fow daya ago & man, who bad been hovering about tho markot, was observed abstracting “some meat from & butchior's stall, He ran off wilh it, pur- sued by many of the marketmen, but managed to distanco all save s policeman, who followed him to hisdoor. The lattor, happening to peor through the window, beheld tho childron -eating tho stolou moat. The poor things, hiaving had nothing to ent for many hours, partook qrcumly of tho uncooked flosh. " Tho oflicer, touched by tho fearful speotaclo, roturnod to the market, ro- Inted tho scene, and, baving takon up o colloc- tion, quickly convoyed 1f to the unfortuoates, SPRINGFIELD, TLL, Spectal Dispateh to T'he Chicago Tribune, SprinamteLp, 1ll, Nov. 3.—The rolling mill in -this oity snuiwudou oporations to-day, though its said that it will only bo temporarily, - BASBACHUSETTS MILLS, FALL Riven, Mass, Nov. 8.—In complinnca with tho now regulations, tho mojority of the mills which shut down to-day will rin_eight bours a day for tho noxt four days, and shut down again on Saturday, thus making half time. A reduction of 26 per cont on the wages of tho | employoes of the Taunton Cor Compnny is an- nounced to-day, in coneequouce of which {wen- ty-live of the carpenters aro on a strike. BEWING-MACHINES, New Yonx, Nov. 3,—Tho Domestic Bowing Macbine Qompany, at Newark, N. Y., bas dis- charged 123 employes, BONENECTADY MILLS, Bonexecrany, Nov. 8.—Ray & Co.'s shawl feo- tory lias bogun runuing on half-time, WASHINGTON. TREASURY REPORTS. Special Dispateh to The Chicago Tridune, ‘WasminaTox, D. C., Nov. 8.—Tho general pub- lo has beon favored with too great an amount of information regarding the internal affairs of tho Treasury Department of Iato, and, in conse- quenco thoreof, etricter ordors of the Sccrotary have boen issued, and employes of the Dopart- ment are really afraid to open their lips lost they may say something, It scems that a few facts havo from time to time bocomo known to the pross and the public which the Treasury authorities would have proferred to keep within the gacrod minds’of the faithful, and, a3 theso foots have lod to rather unfavorable comment or discuseion, a very stringent order has boon given, which will ntng any further leakage, and shut the mouths of those eubordinatos or prin- cipsls who may happen to know somothing of interest to the public. TIE NATIONAL BANKS, Reports showing the condition of the Nationsl Banks, ot the close of business Bopt, 12, the weck praceding the commencomont of the nan- cial panic, have generally como in quite slowly. Though tho roports from bauks in oll of tio principal cities, excopt Chicago, have been ro- coived and published, two of the banks in tho Inttor city having failed to roport promptly, linve beon roquested by tbe Comptrolier of the Currency to hurry up. —_—— ST. LOUIS. Spectal Dispatch to The Chicago Tribune, A WEEE OF CURRENCY PAYMENTS. 8r. Louis, Mo., Nov. 8.—A week of currenoy payment has passed without any. signs of~finan-- cial trouble, The banks have -been guarded in thoir doalings with the business community, and nono of thom lave as yot shown any sigus of weakness. To-day there hns been some branch- ing out in discounts, but still grent discrimina~ ion has been shown. i EASTERN EXCHANGE 18 S0AROB. . The products of this section have not yet gone forward ln sufficient qusntity to throw tho bal- ance in favor of St. Louis, Cotton is coming in a8 freoly as in formor years, and considerablo is Vein, shipped East doily, The rocoipts of wheat and corn are very small,—just about what they have boon for six waeoks pnat. The produce dealors aro pay- ing what theycan to country correspondonts, but that is not much. On *Chanhgo business goos on sleopily. THE JODBING TRADE is having considerable diffoulty in regard to col- Ilections. The dry goods jobbers profess to have about tho usual “trade, but ons or fwo houses have reduced their clerical forco. Everything botokens a dull winter, 2 THE MANUPACTURES. Only two out of eloven iron-furnaces are in oporation, and tbese are running bat ono stack oach, The rolling-mills ara working aconomically, Other branches of wanufacture show sigus of contraction. Tho distilleries aro working on sbort time and with reduced force. Thero i8 a falliog off in the tobacco trade. The flouring mills go on, but they grind alowly. TOG-PACKING, Three pork-houses are running ; the rest- are holding off bocause of the high price of hogs and the stringouoy in flnancial matters. The ackers and pork-denlors lLopo for tho usual ?rsdo whon they once got really to work, Thero are : .NO RUMORS OF FAILURES & in ony branch of business. The financial strin. gency shows itself principally in a general uxhriuknge in values, and" in mercantilo opora- 8. tions, 2 THE TRADES, ' £ Bpecial Dispatch to The Chicago. Tribune, ‘WasninaToN, Nov. 3.—That the Government purposes disoharging & large number of em- ployea engaged at the Navy-Yards and other pub- lo worke is denled by theBecrotary of the Navy, who is represented to have stated his polioy to bo, 80 far as conslstent with public interest, to keop all that is needed for such Iabor. Theroe moy be, ho eays, complaints that he is using tho approprintions for his department rapidly, but ho believes the duty of the Governmont in such o crisis a8 the prosont is to give , ALL TUE AID IT OAN s to the materinl intorests of tho conntry.' The disposition of employera in the East, 80 far as their feeling and purposes can be judged by let- ters recoived lioro, is to reduce the number of horees of work, and not to discharge or fur- lough thoir employes. At lonsta dozen promi- nout firms in Now "York City alone have made known thelr intention to PREYENT THE DISCHANGE of mon and women omployed by them, but rath- er to roduce tho work of each to a fow hours per woek durlng the wintor months, or while the hard times continue, —_—— LATEST FINANCIAL PROJECT. PROPOBED 1HBUE OF QOVENNMENT SEOURITIES DEARING A LOW NATE OF INTEREST. Washingtun (Oct, 81) L‘m;r:;paudnwa/ the New York une. It has been announced in varlous quarters that among the propositions to bo prosonted to the noxt nn‘fraun will bo & new Issus of GQovs ornment bouds or certificates, bearing a rato of interest not exceedlng 8,06 por con r AN num, It is ssid that Gen, Dutlor wi poko tho fasue of wuch & bond, into . greenbacks at the plonsurc of £he holder, It has boon horetofore roported nnd bellaved that the Prosidont will ad- voeute such an issuo, and that 1t {8 favorod nt the Trensury Dopartmont, Couvorsation with n pro- © wuwmber of tha prominent oftlclals about tha de- i pariment Indicato the following to be tha views whick & uumbor of them hold, und which will, , without doubt, flud expresston in tha tartheont= Ingg roports, 'Thero i & genoral disposition to favor tho low intorout cortitiontos, chielly be- causo of tho belief that it would prevent a Do- posit of lurgo amounts by the country banks with the city banks, thus inducing the country Dauks to rotain tnelr surplus funds in thoir own vaults, for uso_at a time whon thoy sio mout needed, * It In belioved that tho™ sus- pouslon of tho banks in the oity of New orlt was csused mainly the - mand of the country banks upon’ them for a large smount subjeot to draft which Lad boon NOVEMBER 4, 1873. attraoted thither by the payment of interost on depoits, and which was inveatod in call loans which wero not availablo whon demauded, Tho country banks wonld not send thoir surplus to Now Yorl if they hnd at their command & Gov- ernment security which they could purchaso at par, and which ‘could be_ensily convorted into groenbacks whon demanded. No such security can now bo obtained, eXospt at & largo promium, Tho English bauks Lold but » small amount of roservo, but thofr purglus funds aro inveated in English consols bearing 8 por cent “intercst, which ean rendily bo_converted i the murkol into cash, with'a slight depreciation, in any monetary pauio, It is thought that such an issun could also bo mndo of great uso to tha laboring classon, for it theso certifieatos woro lssued in sums of £50 tho carnings of this class could bo safely in- vestod in such fundy, giviog to the Treasury the {wrmmmnt uso of Inrgo sums of monoy at~ this ow rato of intorost. Buch a bond would, in fagt, booomo o eavlngs banlk for the pooplo, with- out any neooseity for the machinory of n envings institution. It Is bolloved that sinco tho panio the contidence of tho laboring classes Daa boon shaken in tho saviogs banks whioh have recelvod iholr deposits and now refuse to roturn thom excopt upon mnotive of from 80 to 60 days. ‘Phoso doposita aro known-to bo likely to Do callod for only in small sinounts, and all that is necded s to offor to the Iaboriug mun sn_investment which is safe, and which ean ho readily converted into money if ree quired. It is thonght thnt tho Govérnmont might ntitize such certificates, and by the invest- weut of Linlf tho smount received in 5-20 bonds reimburao itsclf for iho wholo smount of ‘intor- cst paid upon tho new cortifienten, and ot tho same timo sorve tho laboring claeren in the snme manner that the Iaboring mon in England aro sorved through the organization of post-offico savings banks, without suy of tho cumbersomo machinory and risk of such institutions. Tho Comptroller of the Currency, in his last annual report, recommondod the issuc of such certifl- catos for tho use of the banks, The paragraph contaimng this recommendation is as follows: ‘Tho varfations In the liabilities requiring reservo in the bunks of the Oity of Now York aro very great. Tho Danks outsido of Now York, during the dnll soaon, eend thelr surplus meann to that city for doposit upou intorest, to await the rovival of businoes, Tho bunks in tho City of New York, at such periods of tho year, liave no “legitimato outlot for theeo funds, and "are, therefore, threatened with loss, Tho Btock Bonrd takea advantago of this condition of affairs, specula- tion is atimulited by tho cheupnoss of money, and & market {8 found for the idio funds upon doubtful col- Intorals, and tho result 8 scen in tho incroasod traus. actlons'at tho Clearing-Houso, which, durlng tho past year, exceeded £2,000,000,000, or an._nversge of moro tha $100,000,000 daliy—nat one-half of which was the result of legitimnto bubiness ; tho total mount of trans- nctiona being greater than that of tho bankers’ Oloarw ing-Iouse of the City of Londop, Tho evil arises Inrgely from tho payment, by the baiiks, of interest on doposits—an old-estublishied custom 'which caunot casily bo changed by leglsiation. A considerable por- tfon of thesa doposils would remain ot homo it thoy could be used st & low rate of intercst, and mado availablo at any tme upon the return of tho season of active businces, No suro Juvestment of.this ‘kind §s, liowever, opon {0 the country banks; and the univer~ sal custom 18 to send forward tho uscless dollara from vaults comparatively iprecure to thelr correspondents in the city, whors they are aupposed to be safer, and ot thie samao time earning dividends for sharcloldors, A Government jssue bearing n low rate of .interest, to Lo counted 18 a certain proportion of the reserve, and an increaso of the nmount which the .couniry banks aro requirod to kenp on hand, fa tho7proper edy for puch o stato of things, Such an’finsue need not result in inflation, for the currency invested would e in the possession of the Government, . If the cur- rency s held, tho objection s the loss of inferest io the Government ; but this loxs would bo no more than 2 just rebato upon the $6,000,000 of taxation annuaily pald by the banks to thio Gévernmont, 2t a time when alinost overy kind of internal taxation lins been dis- continned, " Such & reduction of taxation should not be grudgitgly made, 1f tho rosult ball b to givo clas- tiolty to thd cucrency, to atregthon and steady tho ‘money market, to give additional sccurity to $700,000,~ 000 bolonging fo depositors by rotaining In tho vaulis of tho banks n Inrgo amount ‘of funds for legitimuto businens purposes, which would otherwise b thrown upon tho Stock Bowrd to unsottlo values throughout the country, and alternately increase and dopress tho price of every commodity. —_— " GRAIN AND STOCK BANK, = New Yonk, Nov. 3.—Steps have beon taken for the formation of o bauking institution to ba dovoted enfiroly to tho grain intorests of. the in- terior. This movement is in the hands ‘of . pri- vato bankers of this city baving an established businoss connection. The capital, as proposed, is to be 95600,000, and tho bauk'is to represent tho interests of a Inarge number of Banka in the grain-producing sectlons of tho country. It is, if possible, to bo organized’ un- der the National Bunking act, and is to bo .dos- iguated “Tho National Grain and ‘Stock . Bank.” pibdainessticing ABROAD. . g Loxpox, Nov. 8.—he Conciuental Braks roigeq their ratos of discount. THE INDIANS. Enteresting Sceno at the Interior Pe= partment in Washiagion=-A Sort of Peuce Patched Up Ketween Arapn. hoe, Cheyenne, and Ute Chiefs, WasmivaToN, Nov. 8.—An intoresting sceno took pluce ot the Tuterior Department. to-day, on the occasion of tho council botweon the Govern- ment oflicinls and delegations of the Araphoe, Choyenne, and Ute Indians, the confereince be- ing in the intorest of peace between tho Utes and the former bands. Commissioner Smith represented to tho Indiros the groat importanco of establishing frieudly relations, and assurod them whether thioy did 8o or not, if thoy loft their reservations, thoy would be punished. Ho told tho Choyenues sud Arapahoos that tho Utes ara with our Governmont, which is bound to protect thom at all timnos, and that the Government is determined that flghting between Indian tribes must ceaso, and that it cannot coutinuo ‘much longer. P Powdered Face, of the Arapaboos, sald he had from his early youth thought it right' to war upon tho Utes, snd_Lad pever failed to kill oue of that tribe whon he could, but in later “years his mind bad boen _cbanged. o was not un- willing there should bo peaco botieon the tribes, Tho Commissioners suggosted tht the pralime. inaries of tho penco movement bo cstablishod by the Indians slaking hands with one another, Ouray, spenking for tho Utes, said“ they {hought it beet to make ponco as a whole, Thauo mon may bo friendly; and tho tribes gonerally may not fecl thot way. 0m'n{rwus somowhat” afraid “thet dheir enemies, tho two tongucs, . 3 The Indian Commiesloner said 'it was . only necessary that they malo poace a8 individuals, snd not a8 represontatives of their tribes. After o rathor sorious consultation by tho Chiofs of the soparato tribes, Quray and Powdered Faco ad- vancod to the middle” of the ring, and shook hands vory formally, and with no expression of satisfaction, Aftorwards thoro was n goneral, though not, to all sappoarances, vory cordial, bandsbaking, Powderod Faco said tho Greal Bpirit wasg looking down, and ko would say whother this was all right or not. - Oursy re- spondod that time would toll., e Stono Calf, of tho Choyonnes, demurrad at firgt, but sfterwards joinod the. othors and phook hands with thh Utes. At the ter- mination of tho council, it was proposod to the Indisns to go to thoir hotel in the samo conch, but the Utes objected on the ground that thoy could not understand each others’ language. tes, spoko with ‘The Choctaws on n Railrond Inspoce tion ‘Tour, Oapvo, I, T, Nov, 8.—The Governor of the Ooetaw 'Nation, Judgos of tho Suprome Court, wmewmbors of tho Logislature, and their frionds, nuwbering about titty, left horo to-dny om an ox~ cursion to Bodolia, Mo, a8 _the guosts of tha Missourl, Kansas & Loxns Railroad, “Chey will inspeot the Company’s machine-shops, and other manufacturing works of the Oompany, atop at the principal points on tho routo, and ba afford- od an opportunity to learn for themsolyos what tho railroads havo dono for Missourl and Kaneas, In tho pnrt; ure a numbor of Choctaw ladies and children, T'hia excursion is rogarded as an im- portant ora ju the futuro developmont of tho n- disn Torritory. i i MILWAUKEE ITEMS, Special Digpateh to I'he Chicago Tridune, Mruwaokee, Nov, §.—While playing o gamoof Dbillinrds at the Plankinton House yooms, on Huturday ovouing, Aug., Badden, a son of ox- Y'reanuroer M, Duddou, was ntrickon by paralysis, Ho lingored until 3 this aftornoon, whon ho died. Walor was lot into tho street-maing fiom the rosorvoir at 1116 this aftarnoon, and passed to the West Bide and over tho river, orossing at the foot of Alichigan sticot to tho highost poiat on Yrospoot, a distance of four miles, in two hours, joeci bt Sosll o THANKSGIVING IN _OHIO, Covunnus, Ohlo, Nov. 8.~Gov. Noyes to-day jssued hls _proclamation rocomwmonding that Thursday, Nov. 27, bo obsorved as a day of thauksgiving aud proyes, intional. have {. CANADA. The Battle Draws to a Close. An Ezciting Doy in Parlinmont. Tho Opposition Chargo the Ministerial Party with Bribory. . And Produce Their Evidence Be- fore the Eouse. Olosing Speech by the Premier, Spectal Dispateh to The Chicaan Tribune, BNAMELISS ANUSE OF POWER. OT1TAWA, Nov. 8.—Nevor in the history of this country was politidal corruption so bold, and nover in its doath-throes did it manifest so doa- porate a dotormination to resist subjection as at present around tho preeinots of the Logislative Halls in this cily, One proof of thia is tho un- precedented act of tho Government, while a vote of wautof confldence Isuudor discussion, in atill making judiclal appointiaents throughout the land, In tho caseof sll honorablo govern- ments, no business save the most necessary would bo transacted until a ponding vote of censure was- disposed of; not so, however, with the Macdonsld Administration. Bevoral Judges ond other important officors have boen appointed during the timo that has elapeed sinco tho fntroduction of Mr. McKenzie's amend- ment to the addrosa. ATTEMPT 70 INFLURNCE VOTES, Every consorvative agonoy has been brought into play to affect the courso of mombers by in- timidation, the Influenco of bLueiuess connec- tions, bribes, eto. Mnckay, of Capo Broton, was sought to bo influonced by his connaction with business-mon {n Great Britain, through the in- stramoutality of tho cablo. Othors have had the aunoynnce of potitions and threatening lot- tors from their conatituents; and though these wore comparatively insignificant in themselves, thoy bave been magnificd by the ministorial pa- pors. AN ATTEMPT TO DRIDE DISCOVERED. To-day eoverybody wns astonished beyond moaguro to hear & member of the House rise in his placo and stato that on Bundaysn agont acting for the Government had offered him'a large sum of monoy to vote for the Govern- mont. 8o criticising and watchful aro tho oyes of tha public on members that it has come to ba noxt to impossiblo for much to be done now towards bribing, The die is cast, aud the fate of the Government wonld scem to be soaled, Tho Opposition now rely on a majority of 4 to 6—the spme as stated a fortnight ‘ago, or before Parlismont nssombled, Whilo a few ministerial supporters only claim a mejority of 8 at the outsido, others admit that the prospects of the Goverument are already blighted. APTEARANCE OF THE HOUBE. In the Houso sll the available space for spec- tators is filled immedintely after tho Speaker takes . his chair, ond romalis packed till ho loaves it. BPREAD-EAGLE DODGE NOT PRESENT. Iwasin orror in announcing tho presence of Dodge in tho Houso tho othor dsy. A case of mistakon identity caused s number of people to monke this ‘mistake. He is understood still to be in Noew York; and the Mail, o ministorial organ, asserts that he will not bo present during tho session at all, in view of the 1act that he tenderod Lis resignation, which the Goverument, for some reason, has not caused to betnoceptad. perbaps in hopo of obteining his voto. TIE RIEL OASE. A rumor i8 now curront tbat an escort of Jrronch-Cavadian friends of Riel purpose seclng bim from Ogdensburg to the Capitol in tima to rtecord hia vote for the Government. This is somowhat doubtful, g " 2 GEORGE W. M'MULLEN is still here, ard interests bimself in bohalf of. the Opposition,, i j * YESTERDAY'S SESSION, Tho Iouse of Commons rosumed business this afternoon at 8 o'clock, An anxious crowd was in nttondanco, in anticipsation of henring Sir John's defense of the Pacific scandal, it having been understood that he was to speak. - Expec- tations were for a time dlsappointed, owing to a circumatanco of conaiderable momant. 5 A DRIDE OFFERED AND REFUSED. Cnnnlnfihnm, membor from Manitobs, after the Speaker took the ohair, from his place made _a to tho effoct that on Bundey ~ Ald. Honey, acting. aa agent for ~ the Ministry, offered . him n bribe of 85,000, with o firat-claes official posi~ tion in the Nnrk{m‘est, it Lo would consent to cast his vote on this occasion in support of the Government. Particulars of the intorview and the proposals were nlso Iaid bofore the Flouse. ACTION TAREN IN VIEW OF THE CHANOGES, On Ounningham’s taking his seat, White, & member of the Opposition, rose and inquired of the Govornment what course was preferred in statement view - of _this statement; ~ and Bir John A. Macdonald, in roply, thought tho matter should have time for considerativn. On motion of two mombers of thoe Opposition, a warrant was jssued without sny opposition being given to it, and Ald. Hen- ry was brought to the bar of the Houso, and or- dered to be in attendance at 9 p, m., when Cun- ninghom's statement, in the meanwhile print~ ,ed, would bo considered by tho Houso. . ‘THE DEEATE ON THE ADDREBS waa then resumed by Whito, of Hostings, & Min- . istorialist, who indulged in porsonal invective .against Cunningham, Huntington, and McMul- .lon. He considored the charges not proven, and would give the qunmmunc the benefit of any doubt, Bodwell (Oppositionist), of Oxford, followed with a criticism of the Governmont defense. 1o also challenged any one to proye that money had beon spent corruptly by the Opposition, and he rebuked Dr, Tuppor for caro of himself rathor thon of tho Government, ik, ' MecKay Wright, of Pontiac, supported” John, whom ho belioved to be the greatest living siatesman. A PITIY DIALOGUE. Milla, of Bothwell, a constitutional Iawyer, ar- gued that if Macdonald’s amendment carried it would provo that tho Homse waa unfit to dischargo its functions, He examinad Tilloy'a argument; pointed out the fact that in tho official report the questions and answera differod in some casos from the newspaper re- Rartu ; and noxt referrod to tha attempt of the linistry to bias the judgement of members by ux?A ublication of tho Governor-General's dis- patchos. For this he was cslled to order. Mackenzio said thoy (the Opflealtlm\) quea- tioned the adyisors under whick he acted, Bir John sald no advico had boon given, Blake contended that the Governor could not aot without the advico of his Ministry. Sir John replied that the Governor-Qeporal, a8 &_ropresontative of the Crown, bad inde- pnndnngflgms. The subjoct was thon dropped. THHSPEAKED ALLOWED TO RESUME, Mills then rovised at length tho work of the Royal Commission, showed the illogality of its conatitution, and the unsatisfuctory rosult of its labors, TIIE CANADIAN PREMIER ON THE DEFENSIVE. Ho was succoeded by Bir Joha A. Macdonald, ‘who roso to speak upon tho question amid groat anxioty of the audience. o entered into a most eluborate and_carofully propared dofenso of the conetitutlonality of the Rrorugntlnn and tho appointment of & oyal Commission, He doclared that tho solemn plodge of prorogation had been taken, and therefore must hiave boon carried out, Ho then went over tho ground as to grauting thoe charter in 1872, Tho objects of Huntington in bringing Lo oharges, ho olalmed,were to prostrate the Pacifio schomo, and ombartnss the Government, Ila Lold that no man could vote agaiust prorogation without diskonor to himself. As to tha logality of tha Royal Commlssion, ho contended that it 1t was illegal thoy had no right to acoept the evidenoe taken beforo it as o ground of consure, o had the authority of the CGovernor-General for stating that, in addition to the Btate papors presented, that the courdo taken by fle Governor-Genoral was slriotly lafinl and gonstitutional, Ho noxt disensod the onth bill and its disallowance, and digolalmed having bad anything to do with ad- | NUMBER 75. Vising its dleallowanco, Tho disnllowanoo wos not taken au_the opinton of the Inw officors of tho Crown nlone, but also on thatof the Priv, Council, alded by the opinlon of the Lord High Ohaucollor, 1o noxt gave lis roasons for biaming Iuntington for not appesring befora the Royal Commisstan, o contonded that all tho Ministors had given their evidonco fuily and unresorvedly before tho , Commission. Tho Houso was not, (howaver, bound by its roport of tho Commission, o After dofonding the personnel of tho Commise slon, Bir John reviewaed romo of the mora impor- tant acts of hia own, including tho Nova Scotin oubsidy, tho Washington Trealy, and the admis- slon of Britleli Columbin, Ho nesorted thol Lie would Liave boen glnd to have submitted him- solf to croes-oxamination befora the Commia- sion ; and it wap not Lis foult if Huntinglon failod to appear to prosceute thae inquiry. e again doniod the oxiitenco of a contract or agreomont botwoon tho Governmont aud Bir Hugh Allan, Ho admitted that Allan’s lottors showed that Macplerson hind geod enuse for fonring Ameri- ean Klfluouou; justiffed the coursc in granting a chnrter to Allan, but had nothing lo do with the _bmgain botweon Allan aund his discarded assoclntes:; nor was he Ercpnrvd to blamo Sir Georgo Cartior for what o tudividually might tiave doue, ad the Goveras mont was not responsibloe for the act of any siu- glo individual membor of the Government, He attacked Huntington for securing information from MecMullon. HUNTINGTON BESENTED this ; and dared Sir Joln to say that ho bad beca purchased by foreign gold, " Au exciting sceno ocourred, and 61N JONN FINALLY BESUMED. At the closa of this raport, 2 n, m,, Sir John ia still speaking, Itis oxpocted that Blake will | move an adjournment of the debate, and wilt then follow In roply to-morrow. THEY WANT BLAKE, Tho Ministorial papers In this clty aro just now jodniging in adulations of Blake, beseech- ing him to come out from among the Opposition and join the ministerial renks. It is looked uFon 45 ono atrong symptom of the connection of coming dofont; and the anpenl wil bo ns fruitless na fheir attompt to olear thomsolves of tho gullt charged by Huntington, THE DRUNKEN JUROR. One of the Jurors in the Stoles Casa Arrnigned €or Contempt of COUrtes Ile is Charged with Visiting Gome Dbling Dens nad saloons During the Progresy of the Trial-But Moty ¢ a Drinking Man,” and IKnow No Bote ter. Spectal Dispatch to The Chicago Tribune, New Yonrg, Oct. 8.—A crowd gathered in the Court of Oyer and Terminor to-day to hoar the proceedings in tho case of James Deloa Center, the eighth jurymen in the Btokes case, who has boon arrested for contempt of court. Tho chargos are that whilo ha was serving as jurymen in this caso, and aftor leaving tho court and golng to the Astor Housoe office, io was accustomed to go out through tho Barclay stroot door, and go sround to the lowest dens in the city, stoyiog out all night, and talking overywhore sbout the cago, On opening the proceedings, Mr. Hummell, Conter's counsel, ~asked for an ad- fuurnmont. that he might cousult with his col. eagues, and, ponding the hearing of the caso, askod that the bail of the prisoner bo fixed at a moderate amount. 5 . Assistant District-Attorney Allen, after an ex- amination had been waiyed, said that in regard to fixing tho bail he did not know how farthae Court was conversant with the facts; but he would say gencrally that the oral evidenco and tho affidavita which ho hoard read bofore the Grand Jury presented o Nagrant cso of con- tompt of Court, r, Hummell—* Whatover he did it wasin company with an officer appointed by Court to tako chargo of him, He never was on a jury, oxcept in this case, and be served on that to tho best of his understanding.” Judge Davis gnid that tho offenso charged was o misdemeanor, but it was of n graver charsc- tor, and it was important that thero should bo no oppurlunltg to evado inquiry. He should therofore fix the bail at $3,000. HARDY HILL AS A CONSERVATOR OF JUSTIOE. ‘Among tho aflidavits which support the com- plaintis that of Harry Hill, who states that Cen- tor, whom ho has known elght or nine years, cama to his placo about the first night_aftor tho jury was complete in tho Btokes trial. o was with o Deputy Sheriff and was intoxicated. Haspole about tho case, and said that-one man had eold himself for §500; that Stokes’ brother told_him o had got & man to do what he wanted for $500, o paid ho hnd been riding in a carriage tith Btokes' brother. Ho _came the accond night with- an officor aod four or five frionds, He said he had been to Coburn’s and_ was fioing ‘beck thera, Homer Lane wos with him. He bad a groat deal to eay about tho case. OFFIOER JOIY W, TUNT states that Centor nsked him to allow him to at- tend to his business. Ho told him to got permission from the Judge: Center spole to the Judge, and gave him %l{m ofileer) to undorstand ho bud pormission. alr. Contor tack bim to o place which he found out was a faro bank, in Houston street, and put down some money, and won before ho would leave, The affidavit goea on to enumer- ato various places to which Center took him,—to such places as Harry Hill's, Reddy tbe Blacksmith's, a liquor storo in Varick atreet and similar establishments elsowhero, Tho officor swoars he never hoard Couter speals of the Btokes caso. A STATEMENT DY TIE ACOUSED, Mr. Conter mado tho following statomont to- day to a roporter regarding the charges againsi him: “Tam the solo agont here fora cortai brand of wines, and must visit drinkin places to push my trado an collect monoy duo me, I had no idea that in vigiting those places I was committing contempl of court, Onoof tho Doputy Bheriffa was with mo, and if ho know it he should bave told mo so. Now, I sm & dinking man and whon _visiting those places, o course, drank. My oath as o juror waa torender a verdict on the evidence, and there wns nothing in the onth about dnnkmi}. If T had kmown that I was doing wrong, I wou not have porsisted in it so openly, ‘Com, Diclr, and Harry might have enid to mo in o joko, “How 18 the trial procoeding ?* and L may huve enswered, but don’t remembor what I sid” MARINE DISASTERS. Report of the nMarine laspectors in Mogard to tho fronsides Disasters Special Dispatch to The Chicago T'ribune, Dernorr, Nov. 8.—The report of the Supoer- vising Inspectors of this marina distriet in rogard to the loss of the Ironsidos hag been received here, Thoy find that the ves- sol was entiroly senworthy, and that sho was_only half’ loaded, and they ascribo her loss to the bad senmanship of her Captain, cluming that e should have headod down the lako toward the Manitous, instond of putting her liead on to tho sea when shio beonme unmau- ageablo. ‘Tho roport has beon duly forwarded to Washington. This dooument will' probabiy sot- tlo inauranco matters, no payments having yet been made by the companies. Schooner Ashoro, Special Dispatch to The Chicagn Tribune, MrLwAvkeg, Nov, 3.—Tho schooner Kate L. Bruco, reported founderd, is asbore on South Fox Island. A tug and pump will bo sent io Llior {rom hiero, B Y OBITUARY. Es W, Vintne, B1gm, X1, Lzaw, IIL, Nov. 3. this . W. Viniug, of oliy, diod yostordny. “Tho deconsed wan 60 yours of "age, {{e will be butied Tnesday, Mr, Vin- ing lias beon a rosident of Dundee nud Blgin for aver thirty yoars, aud wag Lighly csteomad by a Inrgoe oivole of frionds. Many of the old resi- deu(s of Ohieago wero classed as his porsonal frieudy, —— . PERSONAL. LousyriLx, Ky., Nov, 3,—Augustus Iturbido, Maximtting's adopted leir fo the Moxican throuo, acoompanied by Madamo Iturbido rud Gon, T. N. Nolson, American Ministor to Mox- ico, aro i thiscily, Young Iturbide will e sont to schiool at Stonyhurst, England, e it 10 yoarsof ngo, is an accomplishiod musicial aud linguist, with au alr of & prince.