Chicago Daily Tribune Newspaper, May 28, 1876, Page 2

¢HE CHICAGO TRIBUNE: SUNDAY, MAY 23, 1876— XTEEN PAGES ~ nounce that we would take 10 or 25 per cent off the penalty. . A BAD PRECEDENT. % Mr. Armour—Is that 25 per cent included? Ar. Pearsons—The penalty is included. Mr. Armour—The thirowing out of the 25 per centwouldnotlessenthecorréctamount. Themo- ment you say you don’t care to have the pg_r},auy on a tax oenifi‘ute, whether made in 1572 or 1573, which js an absolute mortgage o the property, and as good as old in money,—the 2t \We will throw off this pen- moment alty,”—that v moment you reduce those cortificates down to a point where they are sworth nothing. It would establisha bad prece- dent. There was a call for 3IR. TOLEY, who responded by saying: Mr. Chaiamau—Tlhicre were’ published in the apers this morning some suggestions made E)’ ‘myscl to Mayor Hoyne that were dclivered with the express understandiog that they were not to be published. I don’t claim to have any financial wisdom: I leave that to you, gentle- imen, here. Mr. Greenebaum can probably tell you that statement is true. That.is where I do wy banking. |Laughter.] I belicve in every man sticking to his last—ghis trade. I would say further, that I QUid consult with Mr. Anthony last _nmight. 1 had xnot arrived in my own mind at a proper solution of tius present trouble, and he subsequently wrote what he bas read to you. There are some ex- ressious in there thiat I am not responsible for. tappears to me that the first question to con- sider is, what power lias the city at the presg:ut time? 'The city is bound by its cliarter power. It is limited, and about the first ques- ion that yoi business-men would °ask would be {his: Are these present outs standing certificates legad o or illegall Tou will recollect that Justice McAllister said 1hat there was great doubt whether the «court would hold these certificates in the hands of in- t persons to be illezal. The question in the Supreme Court in lowa, in the limitation cl{ the gonsu;uuoal i3 precisely like our own, and it is thus referre o in the rorks of udge Dillén on Municipal Corporations. * Mr. Tuley here_quoted_from the work, show- ing that ibe Judges differed on this question. il¢ then resumed lis remarks: 2 Now, that is a roughstatement of the position of this question as to lablity forthe certiticates, “iready issucd. - T will only éay this: that, after 2 very careful reading and Jooking at the author- jties vited, I think the certificites are legal. “That is, that the dity is bound by them in the Lands of innocent holders. +1t is true that there is a constitutional provision, but the city, having 1he power to lesué the certifieates,—a Feneral gener puwer to issue certificates with a limitation that ihat power shall cease when the constitutional limit of 5 per.cent has been reached,—has the power to remew certificates. Now, when these Certificates are issued and put upon the com- niercial world, they become subject to the com- mercial 1aw in that respect, and there are many justances where an agent exceeds his power, yet, making. the commercial paper, and pas: it juto the hauds of third and innocent parti the principal is held liable. And does this doc- trine of commercial law apply to these vertificates, which holds that an ionocent purchaser, who does mot know the tonstitutional limit has_ been reached and cx- ceeded, will be protected, and the city will be Torced to pay them? But it is a doubtful and disputed point. Now, of course, if the city is fiable for thesc certificates, it bas just that poy er that any other debtor has in regard to liabili- ty. Theissuing of uew certificates vould not e the creation of a new liability, anymore than ihe issuing of a new bondto take up 2 matur- ing bond would be th creation of 8 new liabili- Iy of the city; aud, therefore, if that opinion is sound, we bave the right 10 issue new certifi- sates to take up these old ones. Now, s0 far as { am concerned, I threw out these sugges- dons, which have been printed, for “the surpose of calling more particular attention to e fact that in dealing with this question of ack-certificates and back-taxes you cannut pool four certificates or pool your taxes. T think e decision of Judge McAllister bears me out. T have read it through two or three times. While you may pay auy of the certificates of a sertain year, for iustance 1874, out of the taxes for 1574, yet you cannot apply the taxes of 1674 w0 the ment of the certificates of 1873 or {675. That is the reason I suggested that if acw certificates should be issued, they should Je issued payable out of the taxes for the year for which they are issued’—certificates issued for 1Sid {u)’ahle out of the tix of 15 r my own part, 1 am in favor of = these certificates as ¥ T%ed personally disgraced by Lhe city’s paper going o protest,—a disgrace o eery dividunl n. the Sy, and it must be wvoided if poesible. The little harm that has been done can be remedied if we meet these maturing payments. 1t has been suggested that we have 3 million 3 TAX-SALE CERTIFICATES " fn the Treasurer’s lands. My way of doing, when I owe a debt, is to make a sacrifice rather than allow the paper to go to protest. In re- gard to the taxes of 1875 that are comingin, sou cannot collect them for two or threc months yet, and you can discount at 3 per cent. Anything, 1 say, lo save the credit of the city. 11 fs possible that you may issue new certificates if the back taxes are not received when the cer- tificates have become due. Ibelieve they call that shinning. - That is better than protest or dishonor. If it should be held, on consultation with the best legal authorities of the city, that the city is liable for these wxfifimmshwhy then we are inly called upon to pay them. XNo- Ybody hes any ides of repudiating them. They bave, it a}}pws, made the new certificates E:y- able out of the new tax. I believe the bankers ctan manage almost any paper is not mutilited, and if° you can give these holders anything, ~any promise of paying or security untll they receive their in- serest or principal that will be- satisfactory if it Is necessary to extend the time of payment. Marsball Field—I understand we “are called here to devise 1neans to pay the city employes, aud eccondly, to devise nieans to preserve the eredit of the city if possible. " ANOTHOER PROPOSITION. ME. BAYES IAS AN IDEA. The Becretary then read the following com- munication, which was referred to the Commit- tee of Nine: CoxrTROLLEX'S OFPICE, Cmicaco, May 27, 1876, —70 the Assemblage ol the Citizene’ Association looms—GENTLEMEN: Although I bLave not been invited to sttend your meeting, for which 1 under- rtand no written invitations have been issued, in- asmuch as the daily papers announced that yon are 10 meet the Finance and Judiciary Committee “+for consultation in regard to the financial affairs of the city," my anxiety for the restoration of the City's credit, and_the jmmediate payment of the sper of the city, and of the large num- Perear Sity employes who are in a suflering con- dition in consequence of the defcit of the loans \hich 1 was ubont consummating, has in- duced me 1o sddress you this note. As fiscal agent, 1 hold two milliony of the lawful paper of of the city, which 1 am suthorized to négatiate by the lsws and the ordiuances of the City Council. 1f there are gentlemen preent who wish o invest of their mesns for the relief of our employes and Jahoring-men, und the restoration of our credit, will give them & half-millionof this paper for cach, which I will immediately pay over my counter to the laborers and employes, snd a million and a balf ehich 1 will use 1o stop the dishonor of our paper, snd weet that about to matare; und if 2 less amount jsoffered, I will divide it pro rat, or apply the amount 10 cither of the above purpodes, according 10 the wishes of the lenders. Yours truly, > HavEs, Cowypitroller. BORLOWING TAXES. Mr. Tuley—1 would say in regard to the sug- gestion as 1o the payment of city certificates, that the fiscal year for which the appropriations were made terminated on the 1st day of April. The taxes of 1875 now in the City Treasury can De used to pay the salarics up to the first day of April. The salaries subsequent to the first day of April come under the apprpriations for 1876, and- in order to pay those you bave got to do what, has been done heretofore—you have got to borrow the money, and discount your iaxes,—burrow the money payable when the taxed are collected— parable next year. You can borrow money suf- ticent o pay your ermployes for April and May. 1 dou’t see BGW you cun ~appropriate the money now in tne Treasury, the proceeds of the tax of 1875, for the payment of ihe expenses of IST% when they have been specifically appropriate for the expenses of 1575. Ar. Cobwin—I wouldlike to inquire of the Fi- nance Committec what will be the amount after deducting the estimated expenses of running the city Jor 15T6—what will be the amount. OP THE DEFICIT THEN REMAINING? Ttwas estimated that it would take §2,500,000 to Tun the city during 1876—to April, I&7. Now, thet §2,500,000 cin be provided for out of the taxes of 1576 that are not taken into account, and extended as among the resources of the. city. Now, after deducting $2,500,000, which can be provided for out of the taxes of 1876, it Ieaves 3 certain amount—not more than $1,000+ £00—to be provided for out of bavk taxes. Now, #'is conceded by all that if there is a certain amount l".gcrt ;gfix«smnnmllmed,uefimer in the ghape o ificates or personal tax, is ungol- lem.%d or appealed for ls‘E,;, it can be ascertain- ed just how much the amount is for 1574 that ts unpaid. It is also conceded that we can issue certificates as agninst that unpaid gmount for that year to be paid outof that when it is collected. Then there is a certain other amount for 1873 that is uncollected. ltis conceded that we can issue certiticates to be aid by tbe money uncollected on the taxes of and we can -issue certificates and borrow nnwwbepaidautn!msunmuefledmot they become due. 1872 Norw, is there enough unpaid taxes of 15:2, 1873, 1874, and 1S to meet themill- jon = of dollars that we have got to meet i these certificates 2 Now, Wwe can get that from the Finance Committce. That will make the amount of certificates that can be issued to be paid out of the taxes each year. ‘This can be put on the market and sold, and the money use(l) in payment of the debt for the certificates issued to bufi:ud_ out of (h%!. money when it is collected. ThatisMr. Tuley’s rluu, as I understand it. It secms to mctl t is perfectly feasible, and that there are re- sources sufficfer t to meet the current expenses and provide for the old certificates. . _A SPECIAL COMMITIEE. Mr, L. B. Sidway—This meeting is hardly able to digest the information, and can ‘hardly come to a definite conclusion. ~ I therefore move the following: Resolred, That the President appolnt 2 epecial Committee of Nine to consider the questions be- fore this meeting and report at anceting to be 1eld in this room on Monday nestat 10 3. m. The resolution was amended to make the ‘hour of meeting 9:30, and was-then carried. NO MISTAKE. B Mr.-Dole—Lest the reporters should have a misunderstanding of this matter, I would like to ask Mr. Pearsons whether the tav-levy of 1576 was considercd when he said there would _bea deficit of £3,000,000 on the 1st of April mext. There is 2 misapprehensien in regard to at. Ald. Pearsons—Lhad mno reference whatever to the taxes of 1576,—the levy that is now being made. My statement carries the matter up to April 1, and all the gentlemen present Know very nearly how much of the taxes now belng levied will be paid by that time. You canuot count on the ainount. 1 may state also that I did not make any allowance for vui standing, judgmeits against the ci rants outstanding. Mr. Dole—Then, as I understand it, when the tax-levy to be collected is applied in liquida- tjon of this $3,000,000 there will not really be a deficit. C. B. Farwell—I do not want the credit of the city to be injured by any want of facts stated at this meeting. ~ From the statement which has been read, it._appears that there are back taxes amounting to 35,000,000 or 6,000,000 in round pumbers.. These_extend back to 1871, Asan offsct there are city certificates amounting to §2,500,000; interest, $900,0003 and employes aud all expenses up to the 1st of April, 15Ti—in all, $7,634,000. ‘Fx-Ald. Heath—Allow me to suggest that the interest is that of July and January, 1876, which is provided for in the present levy. . Mr. Farwell—I understand that. If this army of tax-fighters came forward and paid up this §65,000,000, the condition of the city would not be'at all. slarming. The Finance” Committee have not taken - info account the levy of;187, which s a lictle over $4,000,000. If that ded to the §6,000,000, we will have a large sur- plus instead of a t. The great difliculty is the want of an cflivient collecting department. Butthat is not the fauli of the City Government, but of the law itsell. Mr. Joln C. Maines—As 2 citizen of Chicago 1 desire that its creditshall not be unnceessarily lowered. THERE ARE SOURCES OF EEVENUE which lave not been accounted for here, and yy OF War- which will amount to over §1,000,000. There is the income from the Water-Works, which cer- tainly must be $700,000 for 1876, Then there is the income from licenses and otber miscella- ueous matters, which should have been consid- ered. A CORRECTICN. Mayor Hoyne—Allow me to make one corree- tion.~ 1 stated in my remarks at the opening of 1he meeting, o regard to Mr. Smith, the Pro dent of the Merchants’ Savings, Loan, ¥ Company, that e had allowed the certific 0 to protest witheut any reasonable ¢ zi %felt. that was a serious damage which I very nuch regreited, and that I suppused therc might be something intentional about it. But I find from his statement to me, which explains the course of the bank, that the paper had for- el:gn indorsers, aud it was nccessary to hold them. Mr. Blair—Does the amount of warrants and amountsof judgments Yendlng against the city appear on the Comptroller’s books ¢ *Ald. Pearsons—! have no doubt the books show everything. Mr. Derickson is making an examination mow in conjunction with ~ the Finance Committee, and we will soon he able to show the umount of ovutstanding indebted- ness to contractors in every scetion of the city. The Chairmun auncunced the Commitie rovided by theabove resolutionas follows: J. H. Pnbam, 1. Greencbaum, Marshall Ficld, Elliott Anthony, C. B. Farwell, Lyman Blair, g... I:h Sidway, M. F. Tuley, and Solumon A. mith. . On motion, H. W. Kingand ex-Ald. Heath were added to the Commitiec. HOW TO GET OUT. ANOTHER PROPOSITION. Mr. Joseph Medill—Gentlemen, I desire to offer a suggestioy in the dilemma in which the, city seems to be placed, and I present it from the same standpoint as though I were placed myself in my worldly affairs in the same condi- tion as the city is to-day. IfIowed agreat many debts scattered over the country, for vari- ous purposes, and kad as many, or more, debts due me, and all were very glow in coming in, and I was pressed for the payment of my own claims falling due, or dife, I would then turn my attention to devising ways and means to induce my debtors to pay me, and then I could pay my ereditors, and that would relieve the difficulty. Now, according to the statement read here, the city has some six million dollars, more or less, as taxes due it. Now, if by some prestidigitation, those taxes could be turnedinto the Treasury within the- next month or six weeks, this whole fiscal trouble would disappear. The Treasury would be flush, the men would be paid, the certificates would be 21l taken up, and ihe imperiled credit of the city would be again reuewed. What I rose for was to make this suggestion: to advise the Council, at its carliest session, to pass a resolution or ordinance de- claring’ to the creditors of the city that all certificates of indebtedness shall be Teceivable by the Comptroller, at_their face, with accrued interest, for any orall taxes due the City of Chicago. In otlier words, I would make atl of that class of paper 3 LEGAL-TENDER IN PAYMENT OF ALL TAXES of the city. The amount of taxes is larger, of course,_than the quantity of that paper out- standifg. Hence, it would be a market for all that E:pt’l’- 1believe that if an ordinance of that kind were passed, there would be inquiries at once of every broker in the City of Chicago, and of many of the baukers, to purchase tax certificates at the best prices they could be ob- tained for by men owing badk taxes for the pur- ose of turning them into payment. Every- ody who is behind with his taxes could afford to pay 99 cents and 9 mills on them, positively certain that e would still make a mill. That at once would impart to those cer- tificates a legality in the estimation of the hold- ers. It would do away. with all fear of ultimate non-payment. The very worstwould be aemall shave. That is the way the holders woul about it. Nowj there are outstanding $2,500,- 000 of those certificates, and there is duc £5,000,000 or $6,000,000 of taxes for 1874 and 15¢5. There are three times as many taxes due, past due, with penalties attached, as alb the cer- tificates outstanding, and if every certificate were brought in and” surrendered, it would not . more tlan Fn)' thic taxes, and you would still have some millions of dollars belonging to the creditors. 1 should, on the same, ¢vening, have 'ANOTIER ORDINANCE PASSED, making all the certificates to be hereafter issued receivable for taxes. For instance, for the year there are $3,000,000 appropriated. It ‘will take §4,000,000 to carry the city twelve months, and, of course, all the moucy must be bor- rowed, as you cannot use the old taxes for the E:esem.currenl. expenses. You will therefore ¢ compelled to issue somne kind of paper pay- able afier the taxes of 1575 come in. ~ A'porticn will come in next winter, the real estate not ull August or September, 1877, Meanwhile you lave got to keep house. Now, let it be dedarcd that the paper that shall be fssued over scrip or certificates of indebtedn or whatever it may be, shall be received by the city at any timebefore it falls due in payment of any taxes that a man may owe. the ity for the year 18t6. 1 would owethe city several thousand dollars next win- ter. 1 would be very glad to be able to get some more of those certiticates to pay the city. 1 will take ail that kind of paper Lrought to Tuk TrisuNE Company in payment forsubscrip- tions or advertisements to an unlimited amount. So every tax-paver in this city would be very glad to get ‘hold of that kind of paper, and would keep it and use it for that purpose. The moment that a cer- titicate comes in to the Comptroller it is surrendered for an old tax or anew one, sccording to the eircumnstances, The tax is paid, iticate canceled. You can accom’ plish two things at once. That is what 2 man would d:zi‘n mha:g:l gu.sinass, nmld that is what a corporatjon shor 0. We are doing i da: 'Ot ons lives, . ok ovury “The other questions I need not discuss. I only rose to throw out these suggestions for the furpose of strengthening the credit of the would make the intercst on this paper you have to issuein the form of coupons to the s g & = g taxes were payable within the fiseal year were delinguent on the 1stof Aprn? S:lx'x;é legislation ~was after the fire that threw the paymens of real estawe holder. Previous to the dire, you recollect our 1 taxes nearly half a year, and thus added terribly to the dilerama of the city. .These taxes of 1515 ghould have been all paid before the 1st of April. If the old law hnS coutinued in force this $2,500,600 would have been taken up before this, and we would not have been called here to discuss how it should be taken caro of. .We Tiave lost half a year, and I don’t sce any way of aining by any legislation under the State Juw. ut this plan will’ undoubtedly strengthen the baper, if it is made a legal tender in past and murz for all taxes at its face and accroed in- teres| i S giid ' MR. SHORTALL. The Sceretary then’ rcad the following com- munieation from Mr. John G. Shortall,” which was referred to the Special Committce ¢ GENTLEMEN: Ihave the honor to acknowledge the receipt of your invitilion to be present ut your conference to-morrow morning, but as 1 shall be: then absent from the city Task lease Tere:to state what I would be glad to say personally. The present City Government, clected for the first time in mun{y years in the interests of the owners of this' city and its taxpayers, and to rep- resent them as weil as all others, hos found itaeif, as1am informed, confronted by & large nmount of nmg?g indebtedness (some $3,000,000) known 83 ci certificates, for the contraction of -which there has been no warrant of Jaw, and for the pay- ment of which at maturity there busbeen no ade- quate provision made. * };.llle question is, How is this indebtedness to be paid? _Permit me to suggest that payment of these cer- tificates shonld not be made by the making of new notes, —that such a course would be ot only im- olitic, but, I believe, illega), -and fraucht with danger to the holders of snch new issue, ‘The hold- ers of those issued certificates are now in the posi- tion of buna fidé creditors, with all equities on their side, and toward whom the Government is honnd by all Inws of commerce and honor to deal justly; were new certificates to be issued now to Teplace those in the hands of the present holders, would those holders then, in view of the thorough canvassing to which these certiiicates have been' subjected, and the slmost unanimous opinion of their invalidity, would they be entitled to quite the position they now hold, to quite the pro- tection they ure now eniitled to? "Might not sume future Council of less Lonorable character thun thiz declare that they were not cntitled 10 imme- diate puyment because the holders assumed 0 risk well known to then? Koy 1 would with due deference suggest the recom- mendation of the adaption by the Common Council of an ordinauce, which shall, in substan these illegally-issued certificates, making payable o or before three years from this 5 suy 1<t of August, 1579, with semi-unnual interest ledgiug all ancollected at 7 per ceni perannum, taxes of past yeurs to be collected, for their payment; -but " in the event of such back 1axes not being sufticient to meet the same, that the Council should include the unpaid portions in its gexim:nc: in season to pay them in full on said Ist ugust. such ordinances to be indorsed(stamped) uponall #aid certiticates (to be called in for that purpose)by the fizcal agent of the city, and a new registration of them to be made by the Compiroller. Gentlemen, 1 feel sure that in xisty daysafter. the adoption of such an ordinance thosc certitlcates” would staud at a premium. The credit of our city in the care of its governing majority of honorable, {ntelligent, reputable gentlemen, has not been for years in ax goud a condition as it Is to-day, and the Postponement of the'time of payment of these tlle- 2al certificates is not usking an estension by the Tity of Chicago, whose lawful indebtedness ul- ways hag, 8o far as I know, and [ trust always will De paid promply at matarity. Very respectfull Jonx G. SuorTAL Mr. Loewenthal—The question of the legality of the certiticates lias been raised here and dis- cussed by various gentlemen, and I thiuk we ouglit to sct ourselves right on that question be- fore the community. 1w order to do so, I offer the following resolution: Resolred, That the committee appointed by this meeting is not required to consider the question of the legality of the issue of the certificates now ou standing, inasmuck as we recognize it the duty of the city to pay them beyond a question. ‘The resolution was carried unanimously. . On motion, the meeting adjourned to Monday morning at lalf-past 9. THE COMMITTEE. WHAT IT-DID. The Sub-Committee met in the afternoon at the same rooms at the appointed hour, and with them several prominent gentlemen who had been invited. Among the latter were Mayor Hoyne, 8. 8. Hayes, A. J. Galloway, and C. B. Blair. The meeting was held with closed doors, and reporters were required to do a great deal of loitering in order to see the body adjourn. The first order of business was the discussion of the resolutions submitted by Mr. Anthony, and this was followed by a lengthy speech from ex-Comptroller Hayes, in which he claborated his financial policy, though without advancing anything new. He spoke of his frequent visits to New York, and what the New York and Boston bankers had done, and what they would do. Mr. Blair remarked that this perpetual run- ning of the Comptroller to New York and Bos ton was all nonsense. Chicago had mon enough to take care of her own ‘indcbteduess, without any extrancous help. The Chicago banks would advance, and f adly, too, to the city all the mouney she needed, provided that unobjectionable paper could be given. He had told Mr. Hayes so several times. Asfar as he was concerned, he had no doubt of the legality .and validity of tle certificates now outstanding. He'would rather have theold than the new ones proposed_to be issued. ‘The latter had been questioned both by the Council and the press, and for that reason could not be 50 good. The resolutions were kindly received, and, from what could be learned, the report of the Sub-Committee to-morrow will practically in- dorse them without going into details. On the other hand, Mr. Hayes’ explanations met very little favor, there being a deep-seated feeling azainst the % general ¥ ter of the much-talk.d of city certificates. As indicative of the sense of the meeting, the following resolution was adopted: Resolred, That this Committee have full confi- dence in the present Comumon Council, and that we are willing to leave them to adopt such financial policy as they may eee fit, but we particularly rec- ommend that the said Common Council provide for the payment of all outstauding indebtedness. Thke Committee adjourned before completing its labors, and will reussemble at 9 o’clock to- MoOrow morning. ————————— GOOD TEMPLARS. A Secession Movement—Centenninl Whisky License. LouisviLLE, K., May 27.—The Right Worthy Grand Lodge to-day sent a deputation, including R. W. G. L. Hickman, to wait on the seceeders and invite them back to their seats in the body. They dedined to recognize the deputation as from the R. W. G. Lodge, or acknowledge the body iu auy way as the R. W. G. Lodge, and rganized another body among themselves, which they style the R. W. G, Lodge L. 0. G, T., with the following ofticers: R. W. G, T., the Rev. Jos. Yeams, England; R. W. G. Counsel- or, J.d. Talbott, Indiana; R. W. G. V. T., Mrs. L. A. Berry, fowa; R W. G. 8, Joseph Molins, England; R. W. G. Chaplain, R. Simpson, Scot- land; R. W. G. M., Brother Scptt, Newfound- land; R. W. G. D. M., Mrs. Sallie C. Jackson, Indiana; R W. G. 0.'G., G. Aldrich, England} R. W. G. 1. G., Wm. Dennis, Nova Scotia; G. St. Temp., Mattic C. Brown, Ohio; P. K. W. G, T, J. U. Paroey, Philadelphiia. Thie movement is regarded as an effort on the part of the delegates from Great Britain to seize ossession of the order, and since it has become ully developed it is not thought to be of much force. The delegates generally express the be- licf that the British movement will not tind much cnmura!fcmcnt in America, and informa- tion from England states is not without strong opigosltxuu there. he Committee on Centennial reported rec- ommending the approval of the action of the Centeanial” Commissioners in closing the Ex- osition on Sunday, and condemning its action n licensing the sale of liquor on the ground. On motion of Representative Ormiston, of Canada, the following resolution, offered on Thursday by Representative Stearns,of New ;’:rrtk_, was sdopted as a substitute for the re- WHEREAS, Various conceselons to eell intoxicat- :’E‘xg ;é‘}f:.,’f, :gonbthc groungsb of the Centennial D ve been grantes - s et i, g ¥ the Board of Fi Resolied, By the Right Worthy Grand Log and in behalf of the 700,000 Guou"rempmrs o the waorld, that we enter our solemn protest aZuinst such 1 desecration afthe Exhibition, as contrary to the laws of God and “man. and we sarmestly, irge b nnial Commission to revoke si 18 Censenial A on to revoke such license ————— CENTENNIAL PHOTOGRAPHS, There appeared an article in last Sunday's TrIBUNE froma friend headed The Worll's Bazar.” It’contaived an error I wish to cof- rect. ]u;xnfxd of my being a resident of Chicas go twenty-six years, it isnot quite fftcen. I take this last opportunity to tender my thanks to all those who gave their valuable time to come and sit for their photographs fos Cen- :,c(::x\gn._l A:‘t:ufi,] and nlsr? fi\kf plens;gjin an- cing that the new principle of photo, h autographs, and Mugn?phlcs‘,’fs sx&u wgfiptbsé :;Xl’:: xl;::d memorials’ centained in the coming P. S.—I have to July 1 to complete my exhibit of Ceatennialalovms. A1l thoss who have beeis i:;xutfid to slgl for that speé.;h] purpose I wish respond at oncg at C.D. Mosher's' gal- lery, 951 Wabash dvenne. Blosherts gl POLITICAL. Tilden Losing Ground in the Presi- dential Race. Why thé Nerw Yorlk Democratic " Leaders Dislike to Trust ¥ ' " Him. -Mr. Blaine Accused of ‘Dabbling in Northern Pacilic F s Stock. Which Accusation Is Promplly Met and " Satisfactorily Explained. " TILDEN. HOW HE STANDS WITH THE NEW YORE DE- JOCRACY. ‘Special Dispaich t The Tribune, NEW YoR, May 27.—It f5 evident here that Gor. Tilden has not the sympathy of leading Democrats in this city, cither of the Tammany and anti-Tammany factions, or men who have been prominent in the Democratic party both in State and ‘national affairs, including among others some of the emincnt Judges on the Dbeacel, men of the Bar, ete. The personal in- tegrity and ability of the Governor arc not questioned; Dut it s charged that .in his whole political career he has been governed by ‘expediency and personal interest, and. that he does not know the definition of fdeiity to a friend; that to attain success-he is willing to compromise both principles and men. 1t is gradualy developing that the Democracy of this tity have a strong inclination 1X FAVOR OF HENDRICKS, and it has leaked out in political circles that, there has been a perfect understanding hetween Hendricks and ‘the lesders for months past. Bayard is still the favorite among the masses of Theé party, and if he were backed by as strong a State delegation as either Tilden or Hendridks, it is claimed he would probably be the choice of the St. Louis Convention. A large number of delegates to St. Louis from this State are pot at heart. for Tilden. Many among the anti-Tunmany men are trying to make it appear that the resolutions adopte: at the Utica Convention in reference to Tilden did not amount to a pledge, or ¢ven to a recom- mendation, binding upon . any delegate, and Kelly and other Tammuny delegates positively deny that it was meant to be binding. The course of two Democratic papers of this city sufliciently demonstrates that the leaders of the party are NOT IN ACCORD WITII TILDEN. Some leading Western Democrats, who have recently be.n in the city, say that Tilden put bimself unnecessarily ont of the way to defeat prominent candidates in the Western States for ear that leu{ anted to be his vivals before the Democratic National Convention. Indeed, this is one clurge made by leading' Democrats from the western part of this State ugainst Tilden. Tleysay he used his position as Governor to defeat the clection of reputable Assemblymen and Senators who were NOT ENOWN AS TILDEN MEN last year, and thus gave the Legislature to the Republicans. _ Friends of Erastus Corning, Licut.-Gov. Beach, Judge Comstock, dJolin W. V. Pruyn, und others of the party, allege that thuse men gave 40 earnest support for Tilden when he was nomiuated for Guv- ernor, and without which ‘he could not have been‘elected; iu return for which they say he s lost no opportunity to injure them or their friends politically. The Z'ribune this morning has a dispatch from Alb:ur:; explitining the mmti-Tilden course of the World, by nsserting that_August Belmont has got control of it, and advocites Hendricks be- soft-money man; therefore cause Hendricks is Wi ud more casily defeated, thus securing a Republican hard-money Administration, which advance the bonds which Belmont, as ilds, holds in such large BLAINE. ANOTHER YARN SET AFLOAT. New Yorg, May 27.—The Sun publishes a letter, dated Augusta, Me., Nov. 20, 1570, from ‘Jaimés G. Blaine to Warren Fisher, Jr., of Bos- ton, offering for $25,000 to procure for Fisher 1 and 1-192 part of the. eutire franchisc of the Northern Pacifie Railroad, including the Land Company's stock. After describing the im- mense prospective profits - of the trans action, Blaine says he cannot avafl him- sell of the opportunity, but, obeying the first and best impulse, ofers it w Fisber. In his concluding paragraph, Blaine says: “Keep my name quict, mentloning it to 10 one, unless to Mr. Caldwell.” Blaine’s re- ceipt to Fisher for $25,000, and the agrecment .to deliver as deseribed, is also published. Mr. Blalne was unable to deliver, and, after over a year's waiting, Aquila Adams, one of the pool for which Fisher acted, reclaimed $5,000, his in- terest. from Blaine, and obtained it. The cor- respondence scems to have been furnished to the Sun by Adams, a letter from whom is also published. NIPPED IN THE BUD. 5 WasmINGTON, D. C., May 27.—Ex-Speaker Blaine, in n:glr to inquiries converning the ar- ticle in the 'New York Sun to-day, sald: some friends of small invest- rise, and as th n. R D. Some six or seven yeurs u;io mine in Boston desired to mak ment in the North Pacific entes Vice-President of the road, the Was a near Lbor of mine in Augusta, it7was thought T it find out’ where and’ how the purciase couid be wade. ln one or two in- stances I heard of interests being for sale, but nothing was done. Finally,in the sutumn of 1670, & definite interest was for sale, and it was brought to my attention, with very glow- ing and extravagant accounts of its prospective profits. As it was a road chartercd by Con- gress, deriving its franchise and grants dircetly from Congress, and liable at any time to apply to Congress fur future favors, I did not myself entertain for a moment an idea of becoming in- terested iu it; but, as these friends had been wishing such Investment, aud as they had the game right as any other private citizen had to own in the enterprise, 1 communicated the facts to them preciscly as they bad been given to me. A few after 1 was notified that they would be glad to purchase, and A CERTIFICATE OF DEFOSIT or cashier’s check for §25,000 was placed in my bands *in trust,” as the receipt shows, to_hand over to the person proposing to sell, who in due -time will doubtless speak for himself. The cer- titicate was to be taken in the nume of Elisha Atkins, one of the most prominent and honor- able merchants in Boston, It was soon found, however, that the North Pacific interest was in some way pledgcd or hypothecated, or embar- rassed 45 to the title, and the matter ran along for over a year, and final- ly came to nothiug. The money in full, Wwith interest, was returned fo Warren Fisher, with whom the negotiation was had, and the holder of the North Pacific interest retained it}1 or Ipqssimy found another purchaser, of whi know nothing. This is simply” ™ THE WHOLE OF TIHE TRANSACTION out of which the ‘sensation is attempted by the Sun. My conmection with it was - purely of a fricndly character. Ihad not the remotest in- terest in it in any shape or form, and no inten- tion or understanding that I should become fn- terested in it. The transaction was of course regarded by me as in every way proper; other- wise I should most certainly never have receiv- .ed and receipted for the money to hold in trust until the transaction should be consummated between the partigs. “Iam- very glad,” continued Blaine, that my letter which'the Sun publishes proves on its face I would not wyself touch the investment. I could cas'i]lf have purchased it bad I been will- ing, butI did not deem such investment ads visable for me to make, From first to lastin all legislation tonching the Pacific Railronds, I NEVER IIAD AN INTEREST OF A PENNY in one of them, nor in any of their branches, di- reetly or indizeetly. fn a private letter, if any- where, 3 man will speak upguardedly, and this letter, written with 1o expectation of jts _ever being published, proves conclusively that when & Pacitic -Railroad inter- cst was offered me with brilliant promises of great profits, I declared that I tould not touch it. 1 think the Sun, in PubHsmng this private Ietter, has supplied a valuable proof of my offi- cial integrity in the matter.” “ 4 All these attacks,” resumed Blaine, after a slight pause, * arc intended to impress the peo- ple with the belief that I have Jarge wealth, und that it has been acquired since 1 entered Con- gres The inoderate tin'opcn‘y which'T own was almost wholly derived from fortunate invest- ment in coal lands in my npative Mouongahela Valleyin Western Pennsylvania,made soine years before I first ran for Cougress. 1 notice many papers, whose editors never saw me, and know nothing of my affuirs, glibly put my property down at ut a round million. “The Utmost my property would bring to-day would not amount 10 ! A FIFTH PART OF THAT SUM. I can. say, with the strictest truth, that, .all things . considered, am not to-day as well’ of pecuniarily as I was ‘our Church, but, -demning’ certaln” acts er deliverances of the day I entered Congress, in December, 1863. Had I not remained in Congress I woul to-day, in my judgment, have a large fortune, as the business enterprises which were at my command, ifI could have nttended to them, would bave resulted most favorably. But every friend who knows me knows that neither u}y income nor my expenditnre, nor my. habits of life, im¥ly or suggest the Enss&:sion of a for- anything indeed tune, or ol competency: CHICAGO. THIRD WARD REPUBLICANS. A mecting of the Republican Club of th Third Ward _was held last cvening at No. 960 Wabash avenue, Mr. A. C. Calkins occupyivg the chair. . 1 Mr. A, J. Galloway made o yerbal report of the action taken by the Third Ward delegatesat the Spriy%‘flem Conyention. . 0. Cole moved that when the mee!.(n}' ad- journ it be until the third Saturday in Junc, Shich was the “first Saturday after the Cincin- nati Convention. Ile did not think there was anything to come before the Club previous: to that time, Mr. C. Greely spoke against the motion. He hoped there would no break in the regular mect- ings of the Club. Work was 85 necessury now as at any time before. Aftera lengthy debate, the motion was put and lost. 3 Mr. Kirk Hawes and a few others addressed the mecting, after which an_adjournment was had until next Saturday evening. MISCELLANEOTUS. THE CONKLING INTEREST. Arnaxy, May 27.—A conference of Republic- ans to-day agreed upon a commitiee'in cach _Senatorial District of the State to advance the interests of Senator Conkling as candidate for President before the Cincinnati Convention. ALABAMA FOIt MORTON. chil Dispatch & ribune. WASTINGTON, D. y 27.—Rupresentative Hays, a delegate to Cincinnati from Alabama, received o dispateh this morning stating that.fil- teen of the Alabama delegates besides himsell are for Blaine. -These fiftéen bad been counted _for Morton. = CHURCH AFTFAIRS. NORTHERN PRESBYTERLANS. New YoRk, May 27.—The Presbyterian Gen- cral Assembly to-day, alter providing for the clection of delegates to the Presbyterian Alli- ance, to be held in Edinburg in July, 1876, took up the order of the day, the overture from the Synod of Missouri in regard to Ruman Catholic Daptistn. This overture protested against the de- ciston of the Iast General Assembly, leaving each church n to decide for_jtself whether a Roman Catholic converted to Presbyterianisin should be again baptized. It declared that the Roman Cathollc Church was no part of the Clurch of Christ, and that nonc of its ordi- nances sbould be regarded as valid. The Rev. Dr. William L. Breckinridge, of Jissouri, spoke at length in support of the overtfire, after sub- mitting a resolution reaflirming’ the declaration of the General Assembly of 1335, declaring that the Roman Catholic Church was not 3 part of the Church of Christ. e argued that the Romau Catholic™ Church’ was a synagogue ol Satan, being as much Pagan as Christian, if not more 0. It held some trath, but had piled upon it the most monstrous false- hoods and corruptions. He maintained that Romezn Catholics were idolators, and dwelt upon the scerets of confessional, whick he con- sidered full of jniquity. A recognition of the validity of the Roman Catholie' baptisin . would be a récogpition of the claims of that Church to be Christian, while it was really a form of Pagunism. The Lev. Drs. Knox and Chamberlane also spoke. The lutter likencd the Catholic Church tothe spake which a mwauw brought in and warmed upon bis heartbstoue, and-when it was warmed it_turned and bit and soned his family. That was what this bt would do, and was doing. The Rev. Mr. Brier said they could not pull down the Catholic Chureh; it was of two long standing and too deeply rooted. "A motion then prevailed to refer the whole mutter to u special committee, to report at the pext meeting; aud the Assembly adjourned. THE METHODISTS. Barmivone, Md.,, May 27.—The Methodist General Conference to-day resolved to hold three sessions daily on and after Monday, and that the Conference finally adjourn at the cou- clusion of the morning session of Wednesdsy next. The rules were amended so that the previous question, when ordered, shall apply only to de- bate, and not exclude amendments. Thie unfinished business of yesterday, the majority and minority report of the Committee incrancy, was taken l;p,l and the debate on_of resumed on the ques! clecting Presiding Elders by conferences. Specches were made in favor of such election - as mmended in the minority report by Granville Moody, of Ciuciunati, A, McKeown, of New England, A. Lowry, of Cincinnati, and J. S. Smart, of Detroit, and_in opposition thereto by J. P. man of Washington, G. G. Leyuolds of York East, G. J. Terry of Newark, J. W. ¥. White of Pittsburg, C.. 1. Fowler of Rock River, W. IL. Olin~of Wyowming, and A. Wheeler of Erie. The debate was continued up to 12:30 g m., when the {rcfioufl question was called by Judge Cooley. A motion to substitute the minority report was Jost, ag were various amendments, and finally the majority report was adopted by a vote of 186 to 67, und the Confercuce ad- journed. SOUTIHERN PRESBYTERIANS. Savassan, May 27.—The General Assenmibly closed its session to-day. The following dele- gates nominated by the special committee were ungnimously elected to the Pau-Presbyterian Conference at Edinburg next year: Alabama, the Rev. G. H. Webb, D. D., the Hon. W. P, Webb; Arkansas, the Rev. T. R. Welsh, D. B, J& Humpton; Georgin, the Rev. Donald Frasier, Gen. A. J. Hansel; Stoart Robinson, James A. Mitchell; .\lumrhis. Rev..J. H. Rice, D, D., Col. J. C;nva 5 D ppi, Rev. B. M. Palmer, D. D., W. R. Lyman; Missouri, Rev. R G._Brank, D. D., John Phill?rs; Nashville, Rev. John 1L, Bryson, Dr. D. C. Gordun: North Carolina, Rev.” James R. Wilson, D. D., Judge _ David Schenck; South ~ ° lina, Rev. J. B. Adger, D. D., J. Smythe; Texas, the Rev. . W. Neil, Jumnes Saw- leys Vigiuiy the Rev. Moses D, Hoge, D. D., Col. J. T. Preston; at large, Judge Robert Guld, :the Rev, B. M. Smith, D. D5, the Rer. Allan Wright, Judge B. M. Estes. The Committee to whom was referred the resolutions frum the Northern Asscmbl?' in re- gard tofraternal relation, reported the following, Which was unanimously adopted and telegraphed to Brooklyn. 3 ‘We ar¢ ready most cordially to enter upon fraternal relations with your body on any terms hquorable to both partics, and tfien, as an explanation of what our fecling 1s, we send the action taken in answer to the overture from the St. Louis Presbylery, which is: Resolved, That the action of the Baltimore Con- ference, approved by the Assembly at St. Louis, explwns with sufficient _clearnuss the position of inasmnch as it is repge- sented by the overture that misapprehension exists in the minds of some of our, people 25 to the epirit of this action, in order to show our disposition to remove onour part the’ Kentucky, Rev. A, _real or eceming hindrance to friendly feeling, the Assembly esplicitly declares that, while cg‘?- e Northern General ~ Assembly, no acts _or deliverances of the Southern General Assemblies are to be construed or admitted as impngning in any way the Cliristian character of the Northern General Assembly, or of the historical bodies of which it is the successor. - The Assembly selectede New Orleans as the lace of the next meeting, and the third Thurs- Hav of May, 1877, a3 the time. The Ascembly is in_scssion to-night to await any message from the Northern Assembly. Many members have already left. BRO. MOODY. Special Dispatch to Tt Trivune. LARE Forest, . Ill., May 27.—The Rev. Mr. Moody, wifc, and son, arrived here this evening, and arc the guests of theJlon. J. V. Farwell. He will open his new church in Chicago next Thursday evening. Inreplytoa questionof our reporter, whether or not the church had ee:hrnid for, he said not quite, but that it would be before being dedicated. It is expected that . Mr. Moody will speak to-morrow cvening at the First Presbyterian Church. 3 —ee———— SPRINGFIELD - ITEMS. _ Spectal Dispaich to The Tridune. BpRINGFIELD, 1L, May 27.—Adjutant-Gene eral Hilliard to-day commissioned as officers of the Joliet Citizens’ Corps: Captain, D. C. Hagyes; Licutenants, Charles B. Slouse and Ed A. Nottinger. ‘Arrangements are in_ progress for the ob- servance of Decoration Day next Tuesday, upon a more extensive scale than ever before. The observante will be under the direction of the Grand Army of the Republic. John M. Palmer sto deliver the oration, and -there-will -be a military and civic parade i connection with the commenioration. ” : eyoud s moderate. "RAILROAD NEWS. Appficaticn for a Receiver for the g Chicago & Pacific. Seizure of Several Trains to Satisfy a Number of Executions. THE CHICAGO & PACIFIC. A FORMIDABLE BILL. A voluminous bill was filed yesterday after- noon in the United States Cireuit Court by the Lackawanna Iron and Coal Company of Penn- sylvania, the Delaware, Lackawanna & Western Railroad Company of Pennsylvania, the Nation- al City Bank of New York City, Moses Taylor, of New York, and John S. Bluir, of Blairstown, N.J., against . the Chicago & Pacific Railroad Company, Thomas 8. Dobbins, George 8. Bowen, and John §. Wileox, asking for an in- junction and the appointment of a Receiver. The complainants set out that the Chicago & | Pugific, Railroml Compuany was organized in 1865, under the name of the Atlantic & Pacific Kailroad Company, for the purpose of running a road across the State of Ihnois from Indiana to the Mississippi River. The original capital stock was $2,000,000, which Was afterward increased to $4,000000. The road then gave a mortgage, Oct. 1, 1572, to the New York Stete Loan and Trust Company, to secure 3,000 bonds for _$1,000 each. Two’ thousand bonds were then issued and _another mort;,m%e given to secure them in November, 1574." The first mortgase was executed by R. M. Houeh, the President at that tiae, and W. T. Ilughes, und the sccond mortgage was exccuted Thomas S. Dobbins, President, and W, Huglics Scerctary. The ounly difference be- tween the two mortgages scews to have been that _the sccond was given to secure 2, bonds, but covered property acquired subse- quent to the time the st ortguge wus made. -~ An arrangement was subsequently made by which the Company ugrecd nol to issue more than 2,000 bonds in all. The Lackawanua Iron and Coul Company states that it is the bolder © and owier of three notes of the Hailroad Company, one for $111,931.56, dated March 17, 1373, and payable in six months, another note for $112,016.53, dated Juue 17, 1675, and payable in four months, and a'third for $113,815.77, dated Sept. 17, 1875, payable in four mouths. To secure these notes the Chicago & Pucitic Railroad deposited with the Iron und Coal Company 882 first-mortgage Donds for §1,000 each, 251 bonds being pleaged for each.note. Moses -Taylor represents that he owns five notes of the Chicazo & Pacilic Railroad Com- pany, one for ‘§10,833.83, dated May 15, 1575, payable in- four = months, unother for $10,%3.33, dated June 12,1875, payable in four wonth: nd & third fora lilke swin, dated June 21, payable in four months; a fourth for the same = amount, dated June 84, 1875, due in four months; and a fifth, likewisc Tor $10,333.33, dated June 24, 1875, and payable in four months. All thesé notes were secured Dy 150 tirst-mortgaze bouds. : The National City ‘Bank owns four uotes of the same Railroad Company, cach for $10,333.83, three dated May 12, aud onedlay 22, 18¢5, and puyable in four months alter @ate. All these notes of the City Bank and of Taylor were given in renewal of as many notes fur $10,000 each, which fell due in November preceding, and ‘were not paid at maturity, and the notes held by the Iron and Coal Company were like- wise given in renewal of notes for $102,833.60 each which had not been paid_at maturity. To secure the notes of the City Bank, it holds 120 first-mortgage bonds of the road. 7 2 Pelwrare, Lackawannu & Western Rail- road Company ulso clais to bea creditor of the railroad to the amount of $30,375.73 on three notes, two dated June 20, 1575, and due Sept. chant, a Traveling Frerght-Agen Central Railroad, has been §pp§x‘;fi§'§“’"" Superintendent of the Dakota Smxr.l.m—uen road, vice J. S. Meckling, resimed. 30, b~ chant was formerly Generil Freight aud T, Agent of this road, and resigned the ottt yearago for the one he now occupics on yd Tilinois Central Road. He will mmmexm:fl e new position on the 1st of June. iy New Yonk, May 57.-The Pen 5 May 27.=The Pen road will, on Monday next, red‘:x?elnfih a fares on first-class tickets to Chicago "r;u * being a reduction of $5. - 811, Lawrexc Km’gis Sy NCE, Kau., May 27.—Th train from Denver for sgvural dn;sflm %gy Lstihls cvrcnl: Heavy storms on vision of the as Pacific the trouble. & CRIME. BURGLARY. Special Dispatch to The Tridune, Qurscy, 1L, May 27.—~Two brothers pagey’ Wilbelm, who keep a store at La Grange, [ awoke this morning to find themselves rof ‘While they were aslecp in the store the hn.rhghe],t had forced an_entrance into the room, chl formed the proprictors, and decampe g from $150 to &0 00 in greenbacks, and al worth of goods of various kind. No clge thicves hn; ye"ll‘ bch'rm n!:)tnincd. -} Special Dispatch to The Tribu . PEORIA, d!'IU-, May 2f.—Frank Morel ang Eugene Shelley, who were captured on Wedp, day In the act of breaking into & bl Hale street, were np this afternoon for | = liminary hearing. Both men are oung, intejy. gent, and well connected, but both haye bet wild and bear very bad records: Murell';:' pardoned out of thie Massachusetts State Pric on about a year ago. The well known chargy. ter of the young inen attracted a large erowq to the Court-room, and the evidence aad ments_werc altenlivcly listened to. ‘Thefe pa ing sufficient cause agamst them, in the opini gl the Justice they wero hld i respcy iy 500 and $il until the Grand Ji in October. - i — CANADIAN ITEMS. Special Dispatch 1o The Tridune. MoONTREAL, Mpy 27.—Mr. Archambanlt, counsel for Dr. Worms, has returned from Eq. gland, baving had an interview with Lord Car. nurvdn, who, ke states, condemned the authori. tics here for having allowed Warms £ be ez tradited, but said that it would be useless to uk the United States to send him back, for.thg simple reason they would refuse, thus involyine ditficultics which it was necess 10 avoi Worms?’ trial will be resumed in Pfidelphh on Monday. it Dicyateh o The atch to The Tribu m?m/my, &)nt.,l'.:’layx iT—J 0.3 IS _prominent and wealthy citizen, was to-da) - Pitted for tansing the death of his it S Macrae; on the Tith'inst., under suspiclons cir- cumstarices, and her fricnds had the body ex- huined and an'inquest held. The evidence went to show that Macrae bad for 2 long time bry. tally beaten his wife, and often threatensd to kill'her. Her body was covered with bruisea ——— BRUTAL DMURDER. Peor1y, 11, May 27.—Yesterday morning aa orphan boy, about 16 years old, yhile plowing in a field near Mackinaw, IlL, was killed by a man named William Real. The boy was working for Real’s brother. His employer was warking on another part of the farm, when he noticed Will. iam Real coming toward him, full speed, on one of the horses with which the boey had been plowing. His brother asked Lim what was tbe matrer, and be replied, % Nothing.” His brother thes eut to the place where the boy had been plowing, and found him lying there, temibly inutilated and dead. Willian Real bad beaten him to death with a heavy club. Itis said that pissed e the Denygy the ciuse of 29, 1575; sccured by fifty-five first-mortguge Douds of the road. G JOLN S. BLAIR likewise represents that be hoids five notes of the same unfortunate road for the sum of $10, 833.83 each, all inade in the spring and summer of 1875, due in four and six moutns, and secured by ninty first-mortgage bouds _of the Company. All the notes given to the Lackawanna Iron and Coal Compuny were in payment of iron rails furnished to the road. Thenotes given to the Delaware, Lackawanoa & Western Railroud Company were for iron fastenings. Those given ,to the National Bank, Moses Taylor, and John 8. Blair were in payment of mouey loaned the ruad, and used in_its construction. The com- pluinants allege that all these notes are long over<lue; that the bouds have no- market- vulue, and cannot be sold: and that no intercst has been pain on them. Theironly way to get their money back, therefore, is to enforce .the colleetion of ‘the securities. - Complainants together represent 1,827 out of 2 bonds, and claim to be entitled to the interest falling due to be applied on their debts. The New York State Loan and Trust Company has dis- solved, und complainants are unable to apply to it to tuke possession of the road and run_it. The Chicago & Paciic Rail- rond Company is insolvent; judgments to the amount of 5, lave been entered against it, and executions issued under which seizures have been made. The employes have not been paid for four or five months, and many of them have left dissatisfied, so that there will soon be a scarcity of men to operate the line. The Company iS also charged with laving allowed the road to run down until the track is dangerous. The floating indebtedness of the road also amounts to about 3200,000, and, though its earnings arc amply suf- ficient to pay cxpenses and interest, they have not been -properly applicd. Ay large portion of the receipts have Euen taken by T. 8. Dobbins & Co. undera contract for bullding the road, instesd of using them in pay- i fuviher charged that T. 8. D +_Jt is further charged that T. 3. Dobbins, the President, George g Bowen, its Trnnsun‘:‘é’ and John 8. Willeox, onc of its Dircctors, are all in embarrassed circumstances; that judgments are outstunding aguinst them to the amount of $200,000, and complainants fear that the funds of the railroad may be diverted to pay their private debt In conclusion, therefore, complainants ask that a Receiver may be appointed for the road to take charge of and’run it, and that the proceeds may e first devoted to paying the intercst and priicipal of the bonds, aftér satisfying the run- ning expense accounts, and that all the defend- m}ttls ;rLuy be prevented from_further Lntcrrering with the management or affairs of the Chicago & Pacific Rnil:?)nd. < g The motion for injunction came up before Judfie Blodgett immediately upon the filing of the bill, and, after some_discussion, John M. Whittman-was appointed Receiver under a bond for $10,000. ANOTHER PROCEEDING. . On the complaint of Charles J. De Berard, agent for Robert Tarrant, warrants were yester- terday issued for the arrest of T.S. Dobbins, President, and George S. Bowen and Jobn S. Wilcox, officials of the Chicago & Pacific Road. ‘The complaint alleges that Tarrant has furnished material to the road for which he recovered judzments_ before Justice D'Wolf, in the sum of £9i3. It furthersct forth that executions which had been issued were unsatisfled, notwith- standing the fact that Dobbins holds $500,000 in stock certificates and ownsa large amount of other property. Tyo Constables were sent to'nake the arrests, Efit}refrfllnui ‘35 the p]ed'_ic of Mr. Dobbins that hands would appear Monday morni givTchhm'éi > PP y roing and c trains on-the road were seized, yesterda: by the Sheriff on_exceutions regnt’;ng sso,’: 000." A mail train went out to Elgin last night _}l;le(} 1;vtxu re{.]um éhls y;xomhég. A” number of cars have been stopped, and will until the trouble is settle Exp.’ helidd MISCELLANEOUS. THE BALTIMORE & OHIO. This Company is the only line from Chicago selling tickets for first-class hotel accommoda- tions in Phfladelphia during the Centeanial Ex- hibition. Visitors can thereby estimate their expenses exactly before starting. Info; !\:fim:icfl up;m x: pl.l!‘:ua‘tim.]i ér. 83gCl:xrk' s{:é‘:,‘%‘: at thedepot in the o 3 Soot ot Al ety D Kltogak th o ;.\n TRAIN TO PEORIA. _Commencing to-morrow, a fast e the Wess Side Union Depot. near Madioon street bridee, at 10 a. m. daily, except Sundays for Peoria direct, via Joliet, Streator, Minon! Eurcka, Washington, and Pekin, over the Chi- 0 & Peoria Short Line of the Chicago & ton and Chicago, Paducah & Southwestern xnumws‘, arriving at Peoria at 5 p. m. No chavge of cars or conductors from Chi to f::tr;&w 3}155 I_or':u the ghon(fst and quickest points named, and makes one hour quicker time to Peoria thun any other line. ILLINIOIS BOND CASES. _ Special Dispaich io The Tribune. SPRINGPIELD, 1ll, May 27.—An injunction issued by the Iroquois Circuit Court was to-day served on the State Treasurer, restraining him from paying any part of the principal or interest of the bonds fssued by the City of Watseka and the Town of Middleport in aid of the construc- tion of the Danville & Vincennes Railroad. The State Auditor is also restrained by the Kane County Circuit Court from levying a tax to pay u_x; blougs 5(\)1bscrlbeg by mfi. City of Aurora in aid of the Ottawa, Oswego & Fox Ri y L 3y 50 & Fi River Valley INTMENT. APPO] Dispatch The Tridune. St0ux Iy, Ly Moy 2omGetrgs E. Mere nothing but a freak of insanity can accotnt’ the x:xs%l deed. i e SERVED HIM RIGHT. CrisTo, Ia, May 27.—William Southwick,a noted Sharacter, was shot dead at Maquoketa, last night, at 11:30, by Mrs. Hamerson, while attempting to outrage her in her own bedroom, Mrs. Humerson is housekecper for her brother, J. C. Harris, who cinployed Southwick in hij carriage works. Mr. Iarris was away from home Jast night. Southwick has a bad reputa- tion, and deserted his wife about o yearago. The Coroner will hold an inquest this mornigg. Probably no arrests will be mide. ROBBED AND MURDERED. Special Dispaich to The Tribune. DuUBUQUE, Ia., May 27.—Yesterday afternoon Frank Eugene Carr, of Rjverside, Washington County, and an unknown man passed through Sac City with a team, and camped last night 4 miles west of that place This morning Carr was found ~with shot through the head, his scall crushed in, and his pockets rified. The man who was traveling with him was pursued and arrested, and, from his conduct, is believed to be his murderer. ' BOLD ROBBERY. . . CINCINNATI, May 27.—A robber entered the residence of Col. J. H. Branch, Branch Hill, 0., near Cincinnati, yesterday afternoon, called the daughter of Col. Branch to the door, threw soull in her eyes, and then obtained possession of a cabinet containing 33,000 in Government bonds, and fled to thewoods. He has notye Deen arrested. MURDER AND SUICIDE. New YoORR, May 37.—James Dodswo aged 60, of No. 423 East Ninth street, assanlted Dis wife with an ax last night, and, believing that he had killed ' her, cut ‘own throat. Neither was dead when discovered, but the surgeons pronounce their recovery hopeless. ————— CASUALTIES. FATAL EXPLOSION. NEw YoRrE, May 27.—A dispatch from Potts- ville says an explosion in the Pheenix Park Colliery No. 2, to-day, fatally injured four meny and injured ten others. THE WEATHER. ‘WASHINGTON, D. C., May 28—1 a. m.—For the Lake Region falling and stationary barome- ter, southerly to westerly winds, rising and stationary temperatur il s xgmu m;;ns. ¢, and possibly followed LOCAL OBSERVATIONS. . Cu10aco, May 27 ind. 71 Maximum thermometer. 82. Minimum. 61. GENEEAZ OBYERVATIONS. CHicac y 27—Midnight. . gentié. W., light. fresn. 13 Fe. ) ant Ft. Sull Philladelpiia Yankw 20ATITIBIINAZL IR 29,70| 30,04 29,81 - TELEGRAPHIC NOTES. CrcINsaTI, May 27.—The total stock of hot product in Cincinnati, May 24, as reported tc the President of the Pork-Packers’ Association: Pork, 19,540 barrels; lard, 22,046 ticrces; ham% 5,900,283 pounds; shoulders, 8,151,198 poandsi clear ribs, 19,097,637 pounds; clear sides, 2,39 238 pounds, ) Mewpms. Tenn,, May 27.—The formal pre sentation of the bcautiful fountain receatly erected in Court Square by James Elder J. B. Cook, Dr. 8 R Clrke aod -other citizens, took place this _after noon. The presentation was made i a beautfful speech by Miss Emma Etheridge: and accepted by Maj. Flippin in a brief response A short and polnted address was also made by Mr. Elder, in response to the demands {rom bt vast audience. The fountain is one of the han somest in the country. 7 NASHAVILLE, Tenn., Ma 27.—Vanderbilt't $2d birthday was_celebrated to-duy by interest ing exercises. This morning Chancellor Gar land delivered an address, giving Listory Vanderbilt. - The.building and grounds were Juminated to-night. The founders’ medal wa! ‘won by Archie his being the best cal effort. OCEAN STEAMSHIP NEWS. NEW YORE, May 27.—Arrived, steamsh| tralia, from London. LIVERPOOL, May 27.—Steamship Scotls, 02 New York, has arrived out. Lty Moy S Arcived; Hiemiss, 57 p Aus & i