Chicago Daily Tribune Newspaper, April 2, 1874, Page 1

_The Chituge Badly Teibmne, VOLUME 27. BANE STATEMENTS, QUARTERLY STATEMENT ' OF THE CONDITION OF THE FIDELITY SAVINGS BANK AND .+ Safe Depository, At the Close of Businoss, March 31, 1874, RESBOURORS. and exchanke....§ 274,307.05 Dok widiy A O 400000:08 o ouniy o Gk 50,000,00 BICS,207+10 Miscotiancous stooks Dommand loas esiied HT1508 mby c:fl"c!nlll.l:::k 128,601.10 cash collate 190,569.56 lD?.g(lT. 30 102,000.00 205,08 85,718.97 + 11033883 arauass0 $1,200,431.68° ) JORR mm!l-flpofl.ldflfl-lfl SN AR e oty CHARLES J. HAINKS, Oashi QUARTERLY STATEMENT OF THIE Merchants', Farmers' & Mechanics’ * SAVINGS BANK., - TIncorporated 1851, ‘Commonced Business 1863, 75 Clark-st, Chicago. ‘WEST SIDE OFFICE: 62 South Helsted-st., near Madison. EXOLUSIVELY A SAVINGS BANE, Condition after Closs of Business, March 31,18741 Deposii 8882,713.09 i ) 8062,662.27 INVESTMENTS, Toans secured of fm- vp‘mvm; roal f,f,“"' 8463,600.61 Valie'of sronid....$1,020,321.00 ‘Tonta theroon. . 50,00 $1,018,67L.00 + Safos and Nataves of atgLsr 166,721.03 205,400.00 16063018 356,030.16 8082,862,27 Prblished by arder of the Board of Direotors for tho in- formation of Dopositors, - SYDNEY MYERS, Managor. March 81, 1874. TO RENT. - Goal or Transpartation DOCK. The 340 feet of Dock Proper- ty at the west end of Lake-st. Bridge, formerly occupied by the UNION TRANSPORTA- TION COMPANY, To Rent. APPLY TO MATTOCKS & IIASON, 523 WABASH-AYV. Stats aud Washington Stoegts, Second Floor, TO RENT. taded to sabdivido the north of the Becond e g souhosar oomass of Biats ot Wame -eta., into Salosrooms and Oflicos, tho undorsigned Yot b gind to 600 portion desicing shoh Yoome, 8o tifat yooms may bo made to suit thewn. Plans mAY bo scel o of II. 8, Joninon, Arehitoct, in tho boilding, o at tho bullding from 11t015n. m. aud 8 to 4 p. m,, oot il 5o Rado resdy for ocsupancy May Tt. ‘mado ready for oo 3 e 7o o e HALE, Southeast cornor State and Washinjton-sts. T FPOR REINT. + Tho thire-atory brick butlding, with basomont, 60x75 fect, Now. 23, 25 and 47 North Oliniton-st. Ticao promisos. ‘having light and accoss on threo sidcs, with largs storago capacity, and containing a steam engino and shafting, aro well hdaptod for manufaoturing purposes, They can bor 2 modorato,rent. EOIL SALE, A good spocal ehartor with litieral pro- wislons. Apply LURL LYERSON, 4 Portiind Biock, sod W. D. KERFOOT & 00, 85 iat Washiog- -8 HOTEL TO RENT. For a torm of yoara from May 1, 1814, tho fino hotel known s tho Douglsa Houso, corner 'Douglas.place, a3 tho Douglas Honvo, ouglas-place, Viuconnos Appl) RONTCEMITY £ Wk Eraran, oo Lasallost. DOCK TO RENT AT BRIDGEPORT, Formerly occupled by Groat Eastorn Rallroad ;. 50 foot front1 sidestracks from Ohlcago & Alton, oo ‘T'o Loaso <column, Apply to D, . BRAINA 165 Wealiigton st Seourh 3. " TO RENT. ocand story of atores 308, 207, 209, 211, a1 - .15.;.. Cornor Doarbor, slzo 03150, chnaseten. Socile nlmu’lclum purposes, with room in be steam power. at! Kiuzlo-st, TO REINT. litan Block, northiweat Randoiph and LaSsllo-sta.; butlding heaterl with stamer ‘snd hasan olovator, iasomont for MILLINERY., NO LADY B8] o ings are_introducing in Mf’m‘i‘m"w fi ') RY, NHEOIK- ‘WHAR, and Speoial “NOVELTIES” Ask to see the +SPANISH LACE SOARFS,” “VALENCIENNES BOWS,"” CREPE LISSE BOWS,” “BOUTONIERS,” (For fastoning Bows and Soarfs), “MARGUERITE POCKETS,” In Volvot, with Laco, Biik, and Jot Trimmings, ““LACE VEILS,” BEADED, &C.,&C. Togother with tho display usually made in othor honsos in tho Rotail Trade. Naver beforo woro we as well prepared to. suit the wants of all who chase tho floklo goddoss of Fashion (and_ ospooinlly $hoso ‘whose tastos aro_oultivated and pursos light) a8 woare this Spring, and wo solicit o oall, knowing we oan more than ploase you all. . Wholesale aud Retail Hillinery, 270 & 272 Wabash-av. S S USINESS GHANOES, OLD-ESTABLISHED Hardware and Stove Store | FOR SATHE. Wo offer for sslo our RETAIL STOOK, consfat- ing of Bullders’ Hardwaro, Stoves aud Iouso Furnish- inis goods, {nahuding fxtures and Jeasp of iirst floor of sttt T o b i o DAY stantion tp o Woley cas. Tibontock is now, andcaro rortes for tho Chicago mrkiote - HEAVEY & GO 180 ket LIQUORS. 1 Receive Dircet from the Distilleries tho MARYLAND RYE Ned Whits Bourhon, Thono WILISKIES ato noithor watorad or dootored in a0y way andare recommondod for tleir Perfot Purity d Rollabliity, Al ¥ BOLD ONLY BY C. T A TTTRA, WINE MBERCEANT, No. 148 EAST MADISON STREET. —— REAL ESTATE, | RICH FARMING LANDS! For Snle VERY CHEAP by tho UNION PACIFIC RATLROAD GOHPANT, Tho Best Investment! No Fluctuations! Alwnys Improving in Valuol Tho Wealth of the c«unlr{ 1s modo by the advanco in Real Yistato. NOW IS TEE TIMERE! of Acres RMillions Of tho finest lands on tho Countinent, in Kastern Nebras- ka, now ‘for sale, I’l’lllli{ll them never hefore in marlet, ot prices that defy competition. Fivo and Ton Years' Credit giveny with Intorest at Bix Per Cent, Tho Land Grant Bonds of tho Compang taken at par foe londs, Ge kull particalara givon. Now Guido, with now Maps, maliod freo, TEHE PIONEER, A handsomo Iliustrated Papor, wnu:lnln# tho Homo. stead Law, sont froo to all parts of tho lgrAlv.mAdflmss Land Commissioner i K.R. A, NEB, 0. W. HERRICK, Agent, §7 Clark-at Ohleaga. CLOTHS. &o. BUT 15 DAY MORE! Now Is Your Time! T shall sell my entire atock of Cloths, Cnas nimeres, and Gents’ Furnishing Goods in the n?xt !.2 days to the highest biddrs, rogardless of cost 206 Washnlgmn-sl., corner Franklin, BUSINESS CARDS. DENTAT, CARD. DR, M, W. SHERWOOD'S Dental-Rooms aro ro- moved to fhe northwost corner of Stirto and Madison-sta., Doro Block, Roony 19, TTio beat artifioial tooth aro mado: Givos_Vitalizod At and oxtracts teo(h without pain. ROBERT WINTHROP & CO. BANKERS AND BROKERS, No. 18 Wallat., Now York, cxeouto orders for STOOKS, HONDS, "ARTS GOLD, atlow 4 e 7t tatorest, an DIt POS| A nndunnun'.nnnoraf Dustuest, GRANITE MONUMENTS, SCHUREMAN & HAND MANTEL CO., Michigan.av , cornor Van Buren.st. GENERAL NOTICES. PATTERNS! SPRING PATTERNS, in great varioty, at 82 BSTATH-8T. MRS, D, A, JACESON. Property Owaers, Attention ! Until 15th fnat, Tax Balo Oortificates hold by the City of ghipepeshisiotamttnr b mt b premut, whickdatathers 8. HAYES, Clty fhmn(mllvr. Omicaao, April 1, 1874 LUMBER AT AUCTION, The Jumbor on the yard of Inuntloray & Oo,, cornor Twenty-socond and Morgan-sta., will Lo sold atAuction on Saturdny, April 4, commencing at10s. m, forms- parablo fn 50 duys, 3 in 6 days, and X in 50 days, iato after 30 days, Luinber to bo removod in 20 days, Base Ball Rules FOR 1874 lust racuived at KELLEY'S BASI: BALL Banking and Brokerago &K and URICK | JMPORIUM, Alwo, a full assortmont of ol Kinis of Sporting Goods. U8 Maditon s, T4t o ) uie of A. A, MUNGEL, Rooin 8, DISSOLUTION NOTICE. DISSOLUTION. ‘The Copartnership heretoforo existing under the firm oamioof oo, G. Tighinson & Oo. 1 thia- day dtssolvei by mutual consent. —Tho business of the lato firm will bo continued at thotr old stund, Noe. 367, 369, and #71 Sedg. wickst., by their succosaors, John Valco & Bon, who will sssumo and pay all tho lsbilities of tho late firm, aud who are authorized to colloot all monoys due eald firm, GKO, G, HOBINSON, Ohloago, Aprill, 1874, GKO, L. VOIOL. COPARTNERSHIP. Tho undersignoed b this day f d s Ot tnorshiy et e Hrs pers ot fob Vo e ooparinorsnie Jose ot ongaping in the sask, dyor, and bliud busdness ut » 869, and 871 Bedgwick-at., Om“"‘.’i(m’u VOICE, Ohloago, April 1, 1874, Glt0, L, VOIO, 1 would ahoorfully rocommend the now firt to our old ung; and flfllhml;‘l;l. 'A‘:: nrchlmlll hil elkflll nuzlx;u( 8Ars’ oxporionoe ual and are , ::g;nm,lhln mnn? OGEO. UHINB8N. REMOVAL, REMOVATL. The Misoni Valley Tie Ipswrame Co. avo romoved tholr Agonoy to 171 AND 173 WASITINGTON-8T., fitaata Zoltung Bullding. FORD, 3 neopive, JA8. D, VANDEIC R S, Gon'l Agoitts PRINTERS,STATIONERS, &o. SCRAP BOOKS, AT WHOLFSALE AND RETAIL. CULVER, PAGE, HOYNE & CO, 118 and 120 Monvroe-st. SEWER BRICK. Tho undomlgnod aro propared ta contract for from 3 }, W0, 000 Bowor Lrick, Yo doll on or Sk Do iav.d ul ffortation e cired O : ‘0. ¥, NORRIS & €O, 143 Madlson. FINANOCIAL, . WAINTHED. $4,000 or $5,000 for five Kelll‘! on flne Drogorty oppoatio Oggtrel Eork, within tho W, 70 and 78 Fifittav, N CHICAGO, THU WASHINGTON. The Currency Debate in the Senate Yesterday. The Ultra-Inflationists Receife a Slight Set-Back, Gov, Shepherd Involved in the Dis- triet Investigations A Witness Swears that He Was Interested in a Certain Paving Contract, Ex-Senator Sawyer’s Testimony in tho Sanborn Case. | April Statement'of the Pubiic Debt. Decrease During the Month of March, $2,189,338. THE MONEY-MAKERS, 8pecial Dispateh to The Chicago Tribune. DEDATE IN THE 1IOUSE. Wasmrxaroy, D. 0., April 1,—The financial question ngain camo up in the House Lo-day, It ‘was vory ably discussed by Phelps, of Now Jer- 8oy, and Haivloy, of Conneetiout, in . OPIOBITION TO INFLATION. Theso spocchos: sttracted o good audienco, who listencd with ovident grent intorest. It was thought a fow daya ago that a vote would bo ronched to-doy, but now it is said that it will bo delayed till the Sonato havo acted, and no man con toll whercit willend. Creamer, of New York, attempted to suggest a practical plan to- duoy, whon ho said it would bo as well to procoed at once to a vote, and allow gentlomon to print thoir speechies; but e was summarily frowned down. The proposition is bascd on GO0D COMMON BESHE. Theso speeches will not chavge & vote; thoy are not mado in tho hopo of chenging votes, but for distribution in tho country, to bo usod as olec- tioneering documents. This being tho caso there Booms to bo no necessity for taking up the timo of tho Houso with their delivery. ~ Ihe infla- tionists aro in very goodspirits of lato. IN THE BENATE. Another dny has beon spont in the Senate on tho quostion ‘of the financos, and at tho time of adjournment this aftornoon thore was apparont- 1{ lcss disposition to make bnste to reach the final vote on the pending bill than wns oxhibited nt tho closs of yosterdny's gession, when there appeared to bo a disposition on the part of many Benators to dispose of the measure, even if it required an all-night session to out off, by sheer physical exhnustion, thoe dobate which 'scoms to be almost intorminanlo, but thero is evidently o majority of tho Senate who aro opposed to hnsty action, and who feol that each day consumed in dobate is timo well spent ; for it compels mom- Dbora to o puy more attontion to tho sub{cut, in fact, educntes thom up to a poiut at which they ought at least to bo able to voto intelligontly. THE LEADING INFLATIONIBTS, howover, are not among this class. Tooy bave done all in = their power to out off debato, for thoy aro cortainly awaroe of the fact that thoir strength is rapidly de- crensing ; and that each day the probability of thoir ultiineto dofoat bocomes stronger, It Is o foct woll inown to many, that thoro are several Sonators who, but for expressod or tacit in- structions’ from the Legiclatures of their re- #mactivo States, wonld vote ngainst the proposod apangion of the curronoy ; and it Is theso about whom tho inflationists entertain serious misgiv- ings. Thoy- are liablo to kick over tho traces, and net upon their own responsibility ; and it is the fear that thoy may do go that catises tribuln- tion in tho minds of tho dilators, To-day's sos- .slon was thorofore a vory trying ona to the Mor- ton; Logan, and Forry party. TIEIR PINST REVERGE was met whon they tried to amond tho third soc- tion of the Finance Commitieo’s bill, which pro- vides for froo-banking. By tho Committeo's DLill, tho apportionmont of National-Bank!cirouln- tion to each of the Btates, according to wealth and population, is baged on tho amount now out- standing in Now York Btato. The inflationists wanted to bnse tho apportionmont on the circu~ Intion of Maino, ond finally compromised on Ponnsylvania's circulation 08 a busis, Accord- ing to Sonator Sherman's showing, tho circu- 1atlon, if founded on tho busis of Now York, as propoied in tha Committoo's bill, would be $110,~ 000,000 ; If based on tho circulation of Mnino, it would be oyer $268,000,000 ; and, if based on Pennsylvanin’s eirculation, it would amount to mora than $110,000,000. The (Pm osed amond- mont was voted down by o decided mnjority, which caused no little chagrin to the expausion- iste, who renlizod the fact that their lines bnd been broken through, It was the fivst groponition olfered by ong of their number that nd been voted down, TUE NEXT VOTE was on an amendment, offered by Mr. Morrill, of Vermont, to limit the ciroulation of fractional eurrency to $40,000,000, This was rejeatod, the inflationists voting solidly against, and boing roinforeed by Cooper, of 'Lonnesseo, and Davis, of Wast Virgidia, ! During tho discussion on Morrill's amond- ment, THOE NEW BENATOL FROM NEVADA, " Mr. Jones, arose morcly to make a suggostion, and ho was uncxpectodly drawn into a gonoral digonssion of the question of finances, It was Lis maiden sEoe::h in the Sonate, and, to thoso who wore not acquainted with him, his ease of manner, fluoncy of language, and his evident thorough undorstunding of the subjeot wero surprising. He nddressed tho ~ Senate in & convomumtional way, and held every mombor of that body in undi- vided and respectful aottontion. Ho was allowed to exceed the ton minutes, and to go on for more than Lilf an hour, during which ho do- livered n spaech which, for facts, figuros, and sound argument aguingt inflation, and in fwvor of snocio-resumption, hes not boen eoxceeded in Congress this session. Ho had an opportunity to oxhibit his quick and effective ropartes whon o question was {)ut to him by Sonator Morton, Tho quory of the ltter in regard to gamblors in California and Noyads was Intonded to put the laugh on Mr. Jonos, but the roply came so q.uiuk, and was so npfimprlnm, that it completely silenced tho Indiana Benntor, and _excitod bois- terous and prolonged laughtor, and a good round of applauso throughout tho chamber, the grave nnd revoroud Henators jolning in the demonstra- tlon with pusto. At tho concluslon of his specch, Mr. Jonos was hoartily congratulatad by Henators Morrill, of Vermont, Bchurz, Conkling, Frolinghuyson, fhurmun, Chandlor, Howe, and others, BENATOR ARGENT'S PROTEHT, Dauring the day Senstor Sargent toolk ocenston to enter un onorgotic protest agalust the us- sumption of tho inflationists that they were in tho mujority, Mo snid thoey lind every ouo of their friends in_the Senate voted, or lind thoir nbsentoos paired with Senntors on the othor s#lde, and ovon then only had what appeared to bo a mnjority ; while, ou the othor hand, those who were apposed to inflation wore only put in the minority booause of the fnct that tho Btate of Mnssnchusotts was ontirely unropresentod in the Sonate—one of her Bonators being dead, and tho other boiug sick at his house, und not puired, a8 ho ought to bo, etk o S THE DISTRIOT INVESTIGATION, " spectas Disyateh to The Chicugo Tribune, GOV, BUENILLRD INVOLVED, WasniNaron, April 1.~Tho testimony of Mr. T, P, Fowler, givon before tho Distriot Investi~ gating Commltioo this aftornoon, awukened a decided intorest in the proocedings, nnd, not- withstanding Goy. Bhopherddenied every alloga~ tion nnder onth, thore aro plonty of respeotablo people in Washington to-night who insfst on croditing v MR, FOWLER'S STATEMENT, Mr. Fowler is tho ownor of oxtonsive stono- quarries located in tho vicinity of the city, and is highly cstoomed Ly his acquaintancos, Iio stated that, to tho bost of his recollection, about August, 1871, he and threo other gontlomen mado up their, minds to organize the National Taving Company and submit a bid for tho jm- provement of Ponnsylvania avenue, from tho Capitol gato to tho Trousury Dopartmont, At that timo they controlled the Blowo and Reed patents for wood pavement. The Territorinl Governmont was not then organized, and tho proposed improvement of the avenue was to bo ono undor tho auspicos of Mayor Emory. Whilo Mr. Fowler and bis asgociates woro can- vassing tho quostion of organizing i THE NATIONAL PAVING COMPANY, Aloxandor H, Shopliord, Lowis Clophane, and Ilallett Kilbourno were arranging to organizo the Motropolitan Paving Compnuy, With n view to praventing compotition in the bidding for the Tonnsylvania nvenuo ’gob, Mr. Fowler and 0. I, Batos wero puthorized by thoir asso- clatos to seo if a consolidation could not bo offceted botwoon tho National and the Motropolis Companios. In tho month of August, 1871, theso two gentlomen callod at the oflico of Alex- andor H. Slopherd, who was undoratood to hava control of tho Motropolis Y'aving Company, snd made known thelr mission. According fo Mr. Towlor's ovidgneo 2R, SHEPHERD TOOR WD QUTSIDE thaoffies, and after remarking that ho (Shop ) was not yot doad, told' witness to moo Iil- bourno about tho coneolidation, ns it would not do for him (Shopherd) to be known in conngee tion with mwlni.;l cdmpanies or contracts, bo- causo he oxpected to bo connected with tho now governmont about to be organized. From thi convorantion NMr. Fowler was led to undorstend that Shophord wes to have n secret interost in tho Motropolis Paving Company, and it was bo- causs bo 8o inferred thnt ho was anxfous to offoct o consolidation of futorests. The consolidation nover occurred, bocause, ag NMr. Fowlor ox- plnined, Hallott Kilbourno sold thom (the Na- tloual i’nvln{,v Company) ont to othor partics. Mr. Fowler clnimd hie has momorandn and notes roferring to the ocourrences rolated above, and ot tho rmfl:mat of Judgo Wilson will refrosh his momory thorofrom, and make furthor statomonts at to-morrow’s scesion of the Committes, BENATOR STEWART made himsolf vory conspicuous in the cross- oxamination of Mr. Fowler, conducting his in- quiry in o vory offonsive manner. ‘When tho witnoss had concluded his tosti- mony, QOV. BUEPHERD asled and obtained lenve to make a statemont in his own bohalf, IIo thon staled that tho Me- tropolis Paving Company was organized in Oc- tober, 1870, and produced documents to prove his neeortion, Tho coutract for paving I'enn- sylvania avenuo was lot iu Fobruary, 1871. This e nlso proved with docnimentary evidenco. 1lo ncknowledged o owned during the wintor of 1870 and 1871, 8,000 or £4,000 worth of Me- tropolis Paving stock, whichlio iad purchasod as & present for & brother-in-Inw; but when lio was appointed 8 momber of the Board of Public Works, which was in Juno, 1871, he Bold "out this stock, and from that moment until the presont he had -nover boon in any way, shape, or mannor connected with any contractors, companios, or organiza- tions that did worlt for tho District Govorument, Ho did not deny that Mr. Fowler cetled npon him and made the proposition mentioned in that gontleman's testimony, but ho claimod that it did not oceur in August, 1871, or at any otlior poriod of that yoar. He stoutly uflirmed he had 1o recolloction of over having hud the conversa- tion allegod. The othor ovidence adduced to-day was of the. ordinary kind, Yxriuuipruly going .to prove ex- travagance on the purt of tuo Board of Public ‘Worlw in the making of improvoments. (To the Assaciated Press.| ‘Wasniyaroy, D. O, April 1,.—During tho morning sossion of tho District of Columbia In- vostigntion to-dey some half dozen'witncsses wero oxamined with roference to special assess- ments for improvements, the burden of the tostimony being that property-owners -wiro as- sessed for more work than could be shown to have boen done. Tostimony way also given showing that tho streot-railways wero not re- uirod to poy any tax for portions of tho car- riage-way improved by the Board aud used for their tracks. NODERT OMRISTIE, ono of tho connsel for the memorialists, calied the attontion of tho Committeo to tho statntos- at-largo, contamiug tho law appropriating 10,- 000, pravided that the corporation or District of Columbia Governtaent would nEPmpxlntu ny equal smount to repair the old cobble pavement on Ponusylvenin avenuo, west of TFifteenth stroot; aftor which ho ealied 8. . CASTLEAAY, who teatified that the Board of Publio Works dis- carded that act, and put down a new pavement on thint avenuo at o cast larzely grenter than the $20,000 contomplated uuder the act of Congress roferred to. T, T. POWLER teatified that ho was intorested in the Nationnl Paving Company in 1871, That it was thought begt to consolidute this Company with the Metro- polis Puving Compauny, and with the Ballnrd Company, in which wituess was intorostod. That in August, 1871, ho called on A. R. Shopherd, who was intorestod in tha Motropolis Company, in company with soveral othors, 40 talkc tho mat~ tor ovor and sco what could bedone to bring about that objeer. Baw Shopherd in his ofiice, and after o preliminary conversation, Elmplmrll took witnoes asido and stated that in view of the rolation he expected to bonr to the new District Government ho did not want to bo known ns having any intorest in paving companics. 'That witness could eeo Hellot Kilbourno, and what- over arrangement witness and Kilbourne could mnko would be all right for him (Shoplord). He was willing to lavo secrot interest in the paving contracts, and that be proposed to have that interest reprosented through Kilbourne. Witnoss knows that Kil- Dourno saw Shopberd in relation to the matter. Tho coneolidation was not neoolnylluhulL how- ever. This took place about tho timo (August, 1871) when Pennsylvania avenuo, from First to Fiftewth stroets, was to bo puved under Mayor Tory, and the propoeal had roferonco to & coms Dinntion to do that work. Tho object in trying to get the consolidation of the thou oxisting. o ing companios waa to provont competition in III‘CTDEMB for that work, Witnoss got nono of that work. Tho Motropolls Company, in which Shophord waa intorestod, did got & portion of it, TIE GOVERNOR v tostifiod that ho sold out all intorest in paving companics whon ho became & momber of the Losrd, Fowler might have called on lum some tune or other in relation to the consolidation ho reforred to, but hie conltd not recollaot anything about it, aud callod the_ attention of the Com- mitteo to tho face that Fowlor testifiod that this togk placo in August, 1871, while in frot tho pavement which Fowlor sald ho wanted to lny through his proposod combination had sotuslly beon laid down six nfouths, Gov. Shepherd statod in addition that ho had never lold an in- torest with Hallett Kilbourne in any paving or any other contract ; nor had Kilbourno ever held auy property of his au trusteo. —r THF. SANBORN CONTRACTS,, Special Dispuitch to The Chicayo Tribune, - BAWYER ON TIE STAND. WasmnatoN, D. O., April 1.—The Asalatant Beoretury of tho Treasury Department was ox- amined by tho Waya and Means Committes to- dny, with reforenco to tho Basborn contracts, and it was developed that ho KNEW EVEN LESS TIHAN IIONARDSON. This is accounted for by somo bythe fact that he is not pnid as much as Richardson s for knowlng things. That which has oceasioned a great denl of surprise among ths Committeais tho dovolop- mout that tho business of the T'reasury Depart- ‘mont |8 travsacted almost entiraly by irrospoatl- | blo {subordinates. Tho Scoretary and his as- sistants E SION ALL SOLTS OF PATELS without knowing, or uppnmuflg caring to know, anything aboul thelr purport. ‘I'heyare pro- pared a0, Liought to tiom, by clovks, and that 8 all that is necossary in tho minds of tho re- spousible oflicors to inkura thelr corrcotucss and to warrant thom in ulgnlng. To-duy, for in- atance, Bawyor tostificd that Dr, 1‘”“‘”7‘ ono of Hauborn's houohmen, called on him for an order to the Intornnl Ravenuo ofiicials dirosting thom to mako their records freo to resbory, The Committeo turnod to their records and pa- per, snd tound awong them A LETTER BIONED DY BAWYER oonferring thly authority on Prosbory, The A« RSDAY, APRIL 2, 1874. sistant Scorotary of tho Tressury Dopartment thon tostifled that, while tho signnturo was un- doubtedly his own, ho cortainly did not know, whon he signod the papor, what ita purport was; and ho did not_appenr to be, very muol ashamod of it gither' Tho Committco hopo to Linve Snn- born beforo thom to-morrow for oxamination, Lut aro not cortainithat e has returnod yot from Now York, (7o tho Assoctated Press) TEBTIMONY OF YiX-BENATON SAWYER. Wasmnaroy, D, 0., April 1,—Froderick A. Bawyor, Asslstant Becrotary of tho ‘Freasury, mado his stalomont this foronoon_ boforc the Committoo of Woys aud Meaus, 1o gavo Lis recollection of tho mannor in which the pro- vislon unthorizing the Banborn contracts wos ombodied fn tho Loglslativo Approprintion bill lagt yoar, Ho was thon o membor of the Hen- ate Approprintion Committoe, but had no per- ronal connection with the offering of that smondmont in committco, IMo bolioved he voted for it, as he nlso did sftorward in the Conforenco Committee, o denfod with somo focling the newspaper assertion that tho provision had beon smuggled into the Dbill. On tho contrary, the samo propogition had boen mado at koveral provious sesslons, and was openly disoussed in tho Appropriation Commit- tee, in Conferonco Commiltee, in tho Senato, and in tho Houso. He deolinod to givo any opinion ai to whethor tho Sauborn contract was or was not In comphance with the torms of the Iaw; that we o technical logal quoation. Tho Solicitor of tho Trensury Dopartmont was tho proper poreon to_frame these contracts, and he prosumed ho hnd done so with proper care and nitontion, Hohnd no personal knowledge of Sanborn, Presbery, -or of nn{lromnns cone nocted with tho contracts, and ail s official acts’ in roforonce to them wora meroly formal; aud don in the regular courso of businoss. Ho gave an explanation of the manuer of doing busincss in tho Trensury Dopartment, corresponding withthat given yestordny by the Becrotary,—that s, thnt papors woro brougat £o thom for thole signatures, and thas whore theso papora wero checked by tho subordinato having chargo of that part of tha cireular-branch of tho business, they wore signed without boing read, Ife de- fended theDepartmont against Lhe imputations of linving witkbeld important papors from tho Commiittee, and maintained Lus porsonel recol- lcotion and account of tho mtorviow with Messrs, Bock and Fostor, of tho Committea. Tho point at issuo, howovor, was not n very important one, and was moroly a question of difforence in un- derstanding as to what the agreomont between them was, Ho declined to givo an opinion ay to tho propriety of ropunlinE, amending or continu- ing the lnw as it i, on the ground that it wos o legislative quostion which was to be decided by the Committeo and by Congross. VANDERWERKEN LESIONS, : NEw Yonr, April 1.—It was rumored in Brook- Iyn tu-m§ht that_Vandorwerken, Deputy-Col- Iector of Intornal Revonue, who was one of the defondants in tho Sauborn cnse, sout in his rogiguation to-dny. A A CHICAGO PETITION, Special Dispateh to The Chicago Tribune, ‘Wasmarox, D. 0., April 1.—Tho following petition lins beon prosented by the Ion. Charles B. Farwell, in tho- Houso of Ropresentatives, in regard to tho ongraving sud printing of United Btates notos and seeuritios, and was roforred to tho Committoe on Banking aud Curroncy. It is eigned by londing banlkers and citizens of Chica- g0, such s W, I, Coolbaugh, Jamos D, Sturgis, Samuol M, Nickerson, Ceorgo Schnolder, John O. Haines, Goorge M. Pullman, Obndinh Jack- eon, Chauncoy T. Bowon, Daniol A. Jones, and about 200 othors : YOUR PETITIONLRS RESPLOTYULLY REPRERENT, That, in thelr opinfon, it is of grent importance thutallof the issues of the Government should bo ro treated during 1ho various processes of thoir manufactire us to pe- curo them against possible danger of fraud, such uy counterfelting, altering, duplicating, or overlssuing, TiAT wieneas, The Joiut Sclect Cominitteo on Re- trenclimont, under dofo of March 3, 1809, 7 und recommended aa follows, vi: “Tho highest #afety is to be attatucd by so conducting tho work that 1o oo or oven two departments shonld hiave 3t in thelr power to finish any noto, bond, or coupon, but that ono part of the engraving on the sccurities shonld bo printed by ono establishment, and o succeeding part Dy nnotbor departmont, entirely distinct and suparate from the fivst, and that the final process of scaling and siming thonld be doue by ‘8!l ‘another distinct and soparate dopurtuent, ond in the Tressury, Ly such methods, each uuder soparate and distinct controf, U.;u nearest approach possible to sacurity will bo reache ed.” AND WwiEREAS, This plan wis approved and adopted iu the roport of tho Secretary of tho reasury on tlio stato of the finauces for tho yoar 1863 ; AND WhEREAS, This plan bos been dangerously do— parted from; Now therafore, ‘Lo provent tho posaibility of fraud in tho preparation’ of ‘Government {ssues, nud that the confidenco of the public, both lere nnd abroad, in thelr integrily atay bu strongllicued and nevor {m~ aled; P Fori netittoners respectrutly request, That alawmay o passed authorizing and_ requiriug 'the Sccretary of the Treasury, in tho manufacturo of all Governnicnt insues Loreafier to bo_made, to conform to the plan recommended by tho Joint Select Committos on e trenchment aforesuld, ¢ pudiEsEE NOTES AND NEWS. Special Dispateh to The Chicago Tribune, * THE SUTRO TUNNEL. ‘WasminatoN, D. C., April 1.—Tho dobato in tho Houso to-day on the bill from the Mines and | Mining Committeo wos vory animated and ox- cited, and resulted in a trinmph for the Sutro || party, The Pacifie-Slope Roprosentatives wero | unanimous in opposing tho Nogloy amoendment, which they characterized as in Sutro's interest. | The Bank of California come in for o fair sharo | of denunciation, THE TEVISED CODE. At o session of tho Ifonse to-night the Re- vised Codo, ns_propared by tho Committes on tho Revision of the Laws, was adopted without dissont, CLADM OF THE DOUGLAS HEIRS. Tho Sonato pussed unanimously to-dny a joint regolution reforring to tho Court of Claims for adjudication tho claim of the sons of the late Htophen A, Douglas for cotton taken from their plantation in Mississippi by Grant's army during tho Vicksburg campaign, ' (70 the Assoctated Press.] LIVE STOCK TRANSPOLTATION, « Wasimvaton, D. C., April 1.—The Houso Com- mittee on Agriculture to-day sgreed to recom- wmend the |mx1mlgin of & bill for the prevontion of cruolty to animals in transpprtation by railronds, with an nmendment providing that animalg shall not ho lopt on . ears without -food and wator longer than twenty-four Lonrs instead of the Egrl od of forty-cight a8 uamed in the original TUNLIC DEDT BTATEMENT, .- WasniNaron, April 1.—The April statoment of the public dobt is as follows: 8tx per cent bouds, Fivo per cunt' bouds, 214,600,150 37 509,243,450 ” oo 08000 00 oin_ cortiflcates. . Total without intorest,, $ 610,044,497 Total dub 2,200,081,898 “Lotul intore 0,670,001 Cosh {1y Treasury, coin..r s 86,131,370 MFPOUCY, ove e ve eve 4020450 Speelul deposiis Held Tor ro- ‘domption of clvil doposits 48 provided by 18W. e . 61,720,000 ‘Total in Tronsw $ 142,307,830 Dobt, less cash in 3 9,163,690,728 Decreaso during the month, 3,189,338 Touds fuaucd {0 tho Pacifio Taitroud Companics, int st poyable ~ in 1mouey, priucipal outs in 64,023,512 Inte . als 60,353 Intorest paid by Btulos,vesne.s s 3,239,000 Tutoreat Topaid by thio rang- portatiou of muily, olo.,., 5,601,407 Balanco of interest paid by Unitod Btatea. ... 17,335,428 e CONGRESSIONAL RECORD, BENATI, ‘WasitnaTon, D, 0., April 1, WAL CLAIMS, Mr., BIERRIMON, from tho Committos on Claims, roported o jolut resolution allowing Robort M. und Btophon A. Douglas to havo {heir cotton clulm udjudicated by the Committve of Olgims, Agrood to, Mr, DAVIB, from tho samo Committoo, ro- gurml favorably onabill to puy Jamos und I3, . Cnworon, of Touneasoa, for proporty taken during tho'war, Plucad ou'tho calondar. In re- Eurflug tho bill, Nr, Davis said the olaim hnd oon deolared o just oue by Gen. (now Pros- dont) Graunt, . ND DONATED, 1A .. M1, BUOKINGHAM oalled up tho Houso bill tosooure to the Episcopal Donrd of Missions [ land in tho White Earth Indian Reservation Minnesots, whero Is situntod their churchos and other bufldings, Passod. NIVER IMPROVEMENT, * - Mr, SCILURZ prosonted o joint rosolution of tho Logislatarc of Missonri” for tho improve- mont of the mouth of the Missourt Rivor. TUE CURRENGY DILL, Tho Sonata thon rosumed tho consldoration of the bill to_provido for the redemption and re- issuo of Unitod Statos notes and for froe bank- ing, tho ponding rluoauon being au smendmont of My, Gordon to that of Mr, Logan, which pro- vides for tho organization of National Banking Associations in mi{ State or Torritory having a loss proportion of National Bank cirenlation than tho Stato of Maine, and tho issue of currency on tho bnsia of (lmpulnuon and woalth, and until onch 8tato and Torritory has an smount of such bank ciroulation equal fo that of Maino. Mr. DAVIS moved to amend tho amendmont Dy striking out * Maino,”" and inworting in pinco thorcof ‘*Pounsslvania,” o said, according to ncaloulntion which hio had mado,’tho addition= al circulation undor Gordon's mnendmont would bo nbout $280,000,000, but if his (Davis') nmond- mont bo adoptod, tho additional eirculation would bo $110,000,000. Based upon Neow Yorlk, 8 propoged by tho Committeo, it would bo about $124,000,000, Mr, SHERMAN safd upon tho bsis of Malne, tho additional cironlation would bo nbout $208,~ 000,000, Upon tho basis of Now Yorl, $110,000,~ 000, and upon tho basts of Ponnsylvauin 6 would bo over $110,000. Mr, GORDON nccoptod the amendment pro- £ouml by Mr. Davis, Yho_ amendment of Mr. ogan having boon offered a8 & substituto for the third section of the Committee's bill, and ho having accopted the . amondment .of .Mr, Gordon, olso tho smendmont of Mr, Davie, = which provides that _ Natioual DBank cirenlation in thoso States and Territorios Daviug less than their proportion, shall bo upon tho basis of population and wealth, until encht Stato and 'Perritory has an amount of such bank cireulation oqual fo that of Pennsylvanin, leav- ing the section_ns roported by tho Committco with tho oxcaplion of substituting Pennsylvania for Now York, waa rejccted, by yeas 25, to nays 20, us follows : TEAA, Tiitcheac, Toremen, Penso, Corgente, Lowls, Pratt, Couover, Togat, Ramsoy, Cooper, * Milehel, Robortson, Davie, Blorton, Beatt, Deunds, Norwood, Hpencer, Torry (Micl.), Oglesby, Spruuo, Gordon, Tatterson, Tipton—25, arvey, xATE, Antlony, Homilton (3d,), Sargent, oy, Jamilton (Tex.), Saulsbury, Chonller, Mamlin, Schurz, Conling, Tlowe, Shoran, Oragin, Tones, Stowart, Touton, MeOrdory, Thurman, Yrolinghuyeen, Blerrimol, Wadlelgh, Coldthwaite, = Morrill (Me), WindomZ26, Hager, Blorrll (Vt,), Mr, MORRILL (Vt.), offored an amondment providing thas the maximum limit of fractional currency issued for circulation shall be fixed at 40,000,000, and that the oxcoss outstanding ba withdrawn as onrly as practicable, Mr. JONES opposed inflntion, and favored fixing tho timo for the roturn to specio paymont in Janunry or July, 1876, and the.peoplo would put thoir Lousces in order for it by that timo. Mr. Morrill's amondmont was rojected—yens, 0 ; nays, 80, 5 HERMAN moved an amendwont ropoal- ing portions of Secs. 31 and 82 of the National Qurrency act 8o as to roquire that Nationnl Banlks shall keop their lawful-money roserve within their own vaults, forbidding them to koop thoir rosorves olsewhere, and providing that no National Bank ehall rodcem its notos at any other piace than over its own connter. Mr. Shorman gave notice that lis would offor othior- amendments, one of which would bo to roinstato tho sccond section of tho bill in o mod- iflod form 8o 0 to provido for o return to spocio prymont in 1877, or ovon in 1878. Again, he would like to #oo tho fourth scclion reinstated, modilled by striking out * sevenly ” as the ratio of legnl-tendors o bo rotired, and insert in lion thercof *fifty.” Mr, LOGAN offored a8 an_amendment tho bill jutroduced in the Houso of Represontatives # fow dnys ago by DIr. Morrinm, roqyiring Na- tionnl Banks to koep & por cont of their cirenln- tion in tho Tronsury of tho United Stdtes, to bo usod in redemption thercof, but subsequuntly withdrow it. : I DMy, CHANDLER moved that the Sernte ad- journ, and upon this motion the’ nuys'and yeas rat called, aud thio mokOR was adopiod,—28 0 5. Adjourned, HOUSE OF REPRESENTATIVES. SOUTI CAROLINA FINANCES. Mr. RAINEY presontod o counter statement and roply of tho Ropublican Central Committes of South Cerolina to tho memorial of the tax- paors, so-catlod. Reforrod, Tho statoment declares that thoe tex-payers Lavo only themsolves to blame in not aiding in tho work of reconstruction, and that tho allega- tions as to increased oxx;andnumu of tho Stato Governmont are incorrect, and the items given heing wholly nnccurato, unirue, and skillfully elocted to decerva, THE MENNONITES, Mr. CLYMER, from tho Committco on Public Tands, roported o bill to enabte tho Monnonites of Russin to offect permnucnt gottlomonts on the public lands of tho Unitod Btates. “'ho bill was mudo tho special order for Weduesday next, ‘The Dill suthorizes tho Socrotary of the Interi- or to soll them such quantity of public Jands not miuernl in charactor and not othorwise uppro- priated . or reserved ns thoy may require ab mini'zum prico, payablo m five annual install- ments. THE NINING LAV, Tho Houso then took up aud disongeed in tho morning hourthe Sonata bill supplemontal to tho Mining law of tho 10th of May, 1872, tho rincipal point of discuseion boing the effoct of uo proposed nmendmouts on the Cowstack lode and Butro funnol, . Tho discussion was o noisy and oxcited one, the California members, HOUGHTON, PAGE, and TUTHILL, donouncing Nogloy's smend- ment o8 being offored in tho intorost of the Butro tunnel and Bank of California, and NEG- LY rosisting that view, and defonding Sutro from asporsions mada against him. Yinally Mr. PAGIS moved to lay tho bill and snendmonts on the tablo. Losf—yeas, 44; nays, 116, TIE CURRENOY DILL. Tho House then took up the Currency bill, and was addrossed by Mr. PHELPS against the bill, and nfinlnst an inflation of the currency. Ho spoke, ho eaid, for tho - interosts of labor— Inbor in tho field and_Inbor iu the shop. ~ While tho moral offect of u depreciatod currency might pormento all olasacs, vich and poor alike, tho pe- cuniary loss, tho matorial aufforing, fell on tho oor map. Tho rich mas, the morchant, in infinito varioty of invostments, conld protect himsolf. Wall strect, Boacon streot, and Chest- nut streot could take caro of themselvon and throw off tho burdens of a dopreciated curronay, or change thom by alchomy into wealth. Tlo poor man could not throw oft a single burden, ‘Mhorofora it wab that, n8 o ropresentative, Lo should speat for {hio poor man, Ha spoke for his farmors, whoso plows wore rusting In their furrows; for 5,000 mochanics who darkoned tho stroets of Patorson with thoir patignt waiting, T'hey had asked for bread, and lnd got n slono; for money, and Congross bad givon them p rag. Mr, HAWLEY (Coun.) followod on the samo sida of the pubject, UlLo pructical redomption {lrfl]‘ll)l!cd in thig bill Lo had seon on the lino of ho Paoile Rallroad ; that thoro they tormod it ‘¢ Threc-Card Monte,” Ho would voto every dollar af paper-monoy aut of bis town and out of his Btato bafore he would consont to 10¢couts of inflation, and he would stay ot home from Congress ull tho rest of hig lifo rathor than do it, 1Io warnod the lfonso that if it pnssod this Dill ityould be taking a stop fraught with more ovil to tho country than the Knunsus-Nobraskn bill, whioh had beon g0 big with controversy and war, Would they, ho asked, over find it ensior to g0 back toward spocio paymenta than now ? Would they ever havo moro virtuo thuu now ? Ifo do- clarod that they would not voto for any man for oftlco, oven hiu dearost frioud, who did not have profound idoas on the quostion of returning to #pecio paymonts, . ‘I'ho Houso then took a recoss till nlf-past 7, thoe ovoning scssion to bo for_nction on the bill for tho rovision of the lawe, M. Poland atating his bellof that it would bo flnishod at this even- ing's sossion, S BOATING CHALLENGE, Tonoxto, Ont,, April 1,—1lonry Conlter, tlio oclobruted Amorican onraman, now a roeident of this olty, hn issued & challongo to row anyman on this continent a raca of live milos on Toron- to Bay, on the 20th of Juue next, foy 81,000 sido, ~ Nogotiations aro on foot to bring sbout a watoh betwaon Lim and Brown, of Halifax, NUMBER 222, POLITICAL. Another Ballot for United States Senator in Massa~ chusetts. No Chango of Importance in the Result, Election of State Officers in Rhode Island, The State Oa ‘ied by the Re- publi( 1 Party. g —_—, - The Senatorial (2 stion Left in Douht. The Massnchui & ls Scnatorial Eloca | & one Special Dispatek & The Chicago Tatbune. Bostoxn, April 1.°< ho Hoar men. fool very much rolioyed by th x.1sultof the voto to-day. ‘Tho Dawes party hda~ngnin clilmod 100" votess' but they added but ono convert, and honSenator who was hithorto considered & *wonk sistor.” The Hoar mon bad felt norvous about the loy- ally of sovoral of their votes, and the result to- dny showed that their foars woro groundless. Novortheless, tho Dawes party still honsts of accessions to come, aud protonds to hopo for botter thiugs,© The Convention has adjonrned ovor until Fridsy, whon somo suy thero will bo a slight chango, (70 the Associuted Press,) Bostoy, April 1,—Tho oightl ballot for a Unitad States Sonator wae taken to-day, with tho following result: Wholo uumber of votes cast, 2707 nocossory to o choice, 130 ; Daves, 955 Honr, 74; Curils, 75; Adams, 15'; Danks, G: Dioreo, 2. 'Washiburn, Whittier, and Wendoli Pimups roceived cach one voto. Tho Rhode Island Elcction, DProvinexor, R. L, April 1.—Tho State olecs tion touk placo to-day. Thero wers no Demo- cratio nominations for Btato oflicers. The vota was very light. Ilonry Howard was re-clectod Governor by o vote of 12,269, to 1,609 for Lymnn Dearce, and 107 deattering. Oharles C. Van Zandt was olocted Lioutenant-Governor, receiv- ing 7,670 votes to 6,512 cast for William F. Bayles, Pronibition candidate. Joshua BT, Adde- man wag re-elected Beerotary of State, and Will- ord Snyles Attornoy-Genoral with but little oppo- sition. Snmuol Clark was electod General Trons- urer by o large majority over Honry Goff, Prohi- bition candidate. Tho cbiof intorest in tho oloction contored in tho chiolco of _membors of the Logisiature, who will choose a United Statos Senator. Tho new Assembly is largely Ropubliean as usual, but tho Sonatorinl question remains in doubt, and prob- ably cannot bo dofinitely detormined until o trinl of tho strongth of the respective candidatos is had in tho Goneral Assombly on the flrgt Tues- day in June. In this city, whero the contest for Asgemblymen was mainly betweon the friends of Gon, Burnside and tho friends of all tho other cnndidates, the result is very close, the friends of Burnside probably carrying most of tho As- somblymon, while for Senntor and four Ropre- sentatives thera is no choice. County Farmers? Association. ‘Wo, tho undorsigned farmers of Cook County \)ullc\'h)g it would be for our interest to form a Farmors® County Organization in Cook County, #0 a8 to act in concert with tho Farmera' Statu Organization, would respectfully ask our brother farmers of Cook County {0 meet ua in _ convon- tion in tho City of Oliicago on Wedunosddy, April 15, 1874, nt 1 o'clock p. in Judgo "Rogoers® colirt-room, stroets, for the organization, ant 1mtcrests roquire ; Josoph Doctor, James M, Parsons, AW, Owilt, Jamas Milar, urpose of "effecting o county do such.other business' as our D. 8, Hammond, Teter Shay, Witllam Walter, Willlam Friesie, Theodoro Gucsither, V. . Gray, Willlam Kott, . L, olatein, Jolm Humghrey, ‘Thomias Danoln, William Jcksob, John Conly, 1L, D, Emory, J. B, Dickion, ‘Lhe Californin Democracys Bax Fraxoisco, Onl., April 1.—Last night, a convantion of old-liuo Domocrats was_hold ab Sacramento, and adopted resolutions denounc- ing tho Adminietration ; declaring the Indupend- ont party of thia State o failuro, and advisng the Democrats who_joined them to roturn to their nllegianco and "adhore to the party in future as tis only hopo of saving the country. Tho atéeridanco was not very large. —_——— OBITUARY, Peter Andreas ¥fanson, BerwiN, April 1.—Potor Andrens Hanson, the German astronomer, is doud, Gen, ilarvey Brown. New Yonx, April .—Gen, Harvey Brown, of tho United States army, died - yesterday at his rosidence, at Olifton, Staton Taland, in the. 78th year of his age. g THE WEATHER. ‘WasmiNatoy, April 1.—For the Upper Lake rogion, occasionally light rain or snow, and frosh to brisk winds, veoring o wout aud ‘northoast, with clonring wonther und_fulling tomporaturo, Tor Missouri, Town, and Minnosots, west to north winds, with clear or partly cloudy wonther. ‘I'he Lower Ohio and Cumboriand Iivers will rigo somowhat, LOCAL ODSERVATION. . Cutcado, April 1, 1874, SE R E s Hourof ob-| & | & |Direction an servation, | 3 | € :: fores of wind.| . Feathers R} gentlo, [Olear. ‘Trah, ., |Falr, frosh, *[Clear, froel, | Gicar, :00 . 10:15 p, m.. Naximuni flicrmomotar, 41, Minfmum thermomoter, 22, 4 GENERAL ODSERVATIONH, Oitoaao, April 1 Wind, |Ratw Weather, Stution, Tar, Dkenridgo,, Calto,,... o[ Chieago, Cinolunat Gloveland, 1IN, B8N W, Jig) 48[N, W,, lyht. 48IN, W., fresh| 438 W, fresh, Calm,, 8, W, Yankton., OHIO LEGISLATURE. Covvamus, 0., April 1.—In the Sonato to-day & cluwe vns insortod in tho Appropriation bifl appropriating §060,000 for printing Parta 1 and 2'0f thio socoud volumo of tho Geologleal Survey, In the ITouso tho following billa wore passed Houso bill, providing that one-half a% che tund lovied for bridge purposes within tl:e corporato Hmits of oitios and villages mry bo oxpended within tho limits of such corporntions, providing that whouover one-third of the atockholders of corporation shall filo with tho court a atatomont that, for tho throo precading yoars, the net carn- ingu of such corporatious "hns not paid 6 por cont not dividond, that said corporations may be disgolved; to pormit tnsurance compauios of this ‘Stato to {usure ngainst Lightning, m cortior of Adams end LaSalle