Chicago Daily Tribune Newspaper, December 5, 1880, Page 2

THE CHICAGO TRIBUNE: SUNDAY DECER R 5, 1880—E1IGHTEEN such suits could be determined would probably extend over some years. If patents for Inud were refused to such companies as do not comply with the law, it would correspond with the iaw in regard to co:npanies who fail to pay the expenses of commissioners, engineers, and other agents appuinted to examine rail- rouids, and milght be effective. ‘The Auditor, in discussing THE NEW ROAD tothe Pacific Coast by the way of the Atchison & Topeka Road, shows that the distances by the old and new routes are about as follows: i Advantage Ola | New fof old over route, jroute.'new ruute. Chicaro to San Fran- St. Louis to San Fran- 2x20] 2.035 308 3,118] 2,359) Eas3 of this new line upon transcontinental business and upon the abil- ity of the Central and Union Pacific Roads to pay their debt due the Government when a Jarge portion of the business of the country is diverted to the new road, Mr. French says: ‘The average annual amount of carnmes from “through” business ‘over the two roads bas been $10,395,864.03. In this lies the most impor- tant question for the Government to consider at the present time. Under the Sinking Fund law, £3 per cent of probably £8,000,000 ot this business is required to be paid into the Treasury by the companies equal, Bay, to $3,500,000 per annum. Should one-half only uf this business be diverted to the new route, it would so reduce the net earnings of doth compazies, more especially those of tne Central Pacitic subsidized Hue, which Hne bas nut a very large local business, that the Gov- ernment ehare would be reduced more thun one-bulf of tho $1,500,000 referred to. The mat ter js one of such importance as to demand the most careful consideration on the partof the Government, as bound up in it is the question of security and ultimate payment, or the loss of the entire debt of those companies, which at maturity will probably amount to more than- €1W0,vk,000, even after all the compensation for transportation servicehas been applied there- on. Another important question which has deen suggested by the opening of the new route 4s that of the consolidation of the Central and Union Pacitic systems of railroad, including the Soutbern Pacific, Without entering into de- tailed discussion of this question of consolida- tion, It may be stated that the charter act authorizes such consolidation to be made if the companies themselves choose to do su; that the consolidation would seem to be much more necessary: for the conservation of the property and securing the Government debt of the Central Pacific subsidized line’ than it does for that of the Union Pacific; and that its gen- eral effect upon both transcontinental aud local business would be in the direction of lower rates hy reason of reduced expenses. Yet, should the consolidation take place, there will still remain the. qucs- ton of diversion of business to the route, and its effect upon the interest of the Government, as the consoli- dated company might divert business from the subsidized line just as much as though no con- solidation was entered into, asa subject for the lew-making power to deal with. Asto THE NORTHERN PACIFIC, the Auditor thinks that no other compazy is believed to have a straighter or a more hon- est and honorable record than their books exhibit; but he criticizes the Company for having donated such a large amount to pre- ferred stock at par value in order to place a Joan of $2,500,000 upon the two divisions of its road. Mr. French devotes comparatively little space to the important questions of inter- State transportation. As a substitute for the Reagan and all other pending bills upon that subject, he proposes 2 law which shall! embody the following principles: That all common carriers engaged in transporting pas- sengers and freight from one State or Terri- tory to another State or Territory of the United States arehereby authorized tocharge and receive forsaid service such compensation as they may fix from time to time, provided that.no discrimination of any kind whatever shall be made; that the possible service and facilities shail be furnished on the same day, at the same price, for all freight offered, and in case any common carrier evades or breaks this provision the party Injured shall have his remedy in any United States Court hay- ing jurisdiction, WEST POINT. GEN. HOWARD TO SUPERSEDE SCHOFIELD. Spectal Dispatch to The Chicago Tribune, Wasurtnctox, D. C., Dec. 4.—Gen. 0. 0. Noward, accompanied by Cagt. J. A. Sladen of his staff, arrived in Washington to-day from the Pacific Coast. Gen. Howard's pres- ent visit to Washington is in obedience to an order issued by direction of the President, and is generally supposed to possess some special significance in view of changes which are speedily to take place in army affairs. It is well understood that Gen. Schofield will soon be relieved from duty at West Point, and assigned to a command else- where. It has been suggested that it is the intention of the President to place Gen. Howard at West Point. While neither President Hayes nor the Sec- retary of War has said that such is the case, and while a determination of the matter has certainly not been expressed by others, in- formation derived from trustworthy sources make it exceedingly probable that Gen. How- ard will succeed Gen. Schofield. There has been some talk lately that an officer of the Engineer Corps would be assigned to duty as Superintendent of the Military Academy, but there is a general feeling that an officer of the line ought to perform that duty. It is generally considered that the staif of the army now enjoys at least its fair share of power, and that to shut out the officers of the line from command of the academy might possibly be unjust. Themili- tary academy was in a very bad way when Gen. Schofield entered upon duty there, and Great things were expected of him. His ad- ministration has not resulted, however, in placing the institution in any better light be- fore the people than it was five years ago. Gen. Howard was, as was Gen. Schofield himself, an instructor “at the Military Academy before the Rebellion. He is said to be admirably qualified for the duties of Superintendent, and his well- known convictions on the subject. of allow- ing fair play to every man, no matter what his color, would be likely to save him from the mistakes which appear to have made Gen. Schotield’s longer stay at West, Point undesirable, if not impossible. Gen. Howard called on the Sceretary of War to-day, and afterwards visited the White House and lunched with President Hayes and his family. He expects toremain in Washington a week or more, and no doubt a number of army changes will be made dur- ing that time. REFUNDING. WHAT CONGRESS MUST DO. Special Dispatch to The Chicago Trivune, Wasuinaton, D. C., Dec. 4—After the Appropriation bill, the Refunding bill is the most important that will come before Con- gtess, The members of the House who are thinking about business are carefully con- sidering that question, and whether the debt ought to be refunded at all: or if it shall, what interest the bonds ought to bear. The $11,205,000 of 6s due the last of this month are already provided for. The closing of tnis session and the beginning of the next the fol- lowing bonds will become payable: Oregon war debt, July 1, 1881, $710,550 pay- able on the Ist of May; $469.651,000 5 per cents Jan. 30; $201,556,000 6 per cents, THE PENDING WOOD BILL provides for refunding these bonds into 3t¢ percents, redeemable in twenty years and payable in forty years. Those who favored this bill last session will this session favor a reduction of interest to 3 percent. They will be opposed by those who want higher interest, and by another class still, under | vember. the Jeaat of Judge Kelly, who op voses any refunding. Bonds that fall due during the coming year, with the excep- tion of the first lot, are not absolutely paya-- ble. They are only redeemable, Judze Kelly insists, and he has a considerable following, among them Judge Buckner, Chairman of the Banking and Currency Committee; that these Donds can all be paid off gradually from sur- plus revenues, and more economically than by refunding. It is claimed too, by Judge Kelly, that the advocates of refunding are in favor of creating a permanent National debt, which he and his followers oppose. — It is very probable, however, that a inajority of the Ways and Means Comunittee will fayor refunding in'3 per cent bonds. woop. The Hon. Fernando Wood, Chairman of the Committee of Ways and Means, has been in Washington for some time, and has con- ferred with Secretary Sherman on matters relating to the revenue and to refunding. To- day -Mr. Wood said: “1 thiyk that Secretary Sherman will recommend the issue of two classes of securities in which to refund the 5and6 percent bonds that become redeem- able next year: First, bonds redeemable say in ten and payabie in thirty years; and, second, Treasury notes payable in one, two, and three years, ete, up to ten years, It is my opinion that he will recommend that the Secretary of the Treasury be given discretionary power to effect this loan on the best terms possible, the rate of interest not to exceed 334 per cent.” + “Do you think that Congress worfld be likely to adopt such a recommendation?” asked the correspondent: “ No,’ replied Mr, Wood, “ my impression. is that the House, at least; will not agree to any loan bearing ahigler rate than 3 per cent; and 1 believe, moreover, that Secretary Sherman himself would not offer very stren- nous objections to a 3 per cent loan. Of course, his only objection to it would arise from afear that it could not be placed ut par. I have no fears myself on that score, Before I left New York I acquainted inyself with the views of leading dealers in Government securities, including some inem- bers of the syndicate which negotiated the 4percent bonds. Ithink { shall be able to show that they share my belief that THERE WOULD BE NO DIFFICULTY in selling either the 3 per cent bonds or Treasury notes at par. I should say that one-half the bonds to be refunded next year could be provided for by an issue of Treasury notes, payable at the rate of $40,000,000 a year for ten years. At the end of that period the 414 per cents will be- come redeemable, and can then be provided for. Our4percent bonds, which have about twenty-seven years to run, are now and will continue to be the best investment bonds in the commercial world. They are worth 120 to-day, although they do not yet sell for that price.” “Will there be a renewal of the discussion over the silver dollar when the Refunding bill comes up?” “We have tried to avoid the necessity of a Tong debate over that by simply providing in the proposed bill that the act of 1870 shall govern the details of the new loan. I pre- suine, however, that amendments will be offered, and that a discussion may then en- suc on the point you mention.” Mr. Wood remarked that he should try to have the Refunding bill taken up at the very beginning of the session, and a time fixed on at which general debate should cease. He hopes that the bill will pass the Ltouse before the holiday recess. He thinks it important that whatever measure may be adopted should become a law as early as the Ist of February, becanse of the three months’ notice of re- demption which must be given to the holders of 5 percent bonds. Some time will also be necessary to prepare the plates and print the new securities. Mr. Wood does not expect any tariff legislation at the coming session. , POLITICAL SOUNDINGS. HOUSE, OF TENNESSEE. Spectat Dispatch to The Chicago Tribune, Wasutnetox, D. C., Dec. 4.—Mr. House says he was very much surprised at the re- sult of the elections, but that the Democratic party had been defeated by bad management, and particularly by the decision of the Indi- ana Supreme Court making the electionin that State come offin October instead of No- “If the election in Indiana had taken place in November,.”? said Mr. House, “we would have carried New York, and that would have guined us the election of Han- cock.” Mr. House said the Democratic party woule not disband because of the recent de- feat. “Noman,” said he, “ who is a true Democrat can ever forsake his principles, and hence the organizaing cannot fail to retain its vitality. Besides, the popular majority-of Mr. Garfield is only 3,000 or 4,000, which proves that the Democratic party is not yet ready to die.” Mr. House, who is con- sidered by members of his ‘own party as a moderate rather than an extremist, was very emphatic in his denunciation of the issues upon which the Republican party fought the battle of the late campaign. ‘There is no way to reorganize the parties in the South,” he said, “except by turning over the manage- ment of State politics to the niggers, and against that the South will always be solid. Ofcourse, new issues may prob- ably arise, in which case the South would be as likely to divide as the North; butso far as the present questions before the country are concerned, particularly the status of the nigger, the Southern States would like to be Jet alone, as they can manage their own affairs.” louse adinitted that the Dem- ocratic party had allowed opportunities for adding toits power and influence to pass by unimproved. For six years the House had been . Democratic, yet never in all that time, he claimed, was there a majority which could absolutely be depended upon to sustain any measure whatever. It was a party of divided leader- ship and of divided counsels, and invariably suffered defeat at the bands of a determined and well disciplined minority. ACKLEN. Mr. Ackien, of Louisiana, takes a more sensible view of the political situation than might have been expected of him. “ ‘The Democrats were defeated,” he said to-night, “by @ prosperous country, and a fear on the partof the North that through the election of Hancock the country would again come under the domination of the South.” Mr. Acklen announces that at the expiration of the present Congress he will go to Europe for some years, THE MAINZ SENATORIAL CONTEST. Representative Frye, of Maine, arrived to- night. Speaking of the Seaatorial canvass in Maine‘he said: “The chances are divided very equally between Mr, Hale and myself. In fact, 1 do not trouble myself much about it, Lean’t buttonhole everybody and enlist his services in my behalf, It is not my way.” Senator Blaine, speaking to a friend on the same subject a day or two ago, said that he did not propose to take sides in the contest, but that he wished either Mr. Hale or Mr. Frye to come to the Senate. He thought that Senator Hamlin could have been reélected if he had chosen to announce himself as a candidate. Senator Hamlin, speaking with respect: that subject to-day, said that he Ma ee nounced that he should not be a candidate for reélection, and he should not be, and that he was entirely out of the canvass, THE TENNESSEE SENATORSOIP, There is still a possibility that Tennessee may send a Republican to the United States Senate. Mr. House, a member of the pres- ent Democratic delegation in the House of Representatives, says that there is danger that the Democracy will lose the Senator. There are but four or five Democratic ma- jority on joint ballot in the Legislature, he explained, and in the presence of a fight between the credit and the low-tax Demo- cratic factions there may be defections to the Republican ranks to a sufficient degree to accomplish the election of a Republican. Congressman Houk, of Tennessee, has re- ceived a dispatch from Nashville which says the Secretary of State has decided that Fouste (Rep.) and Stewart (Dem.), candi- dates for the Legislature from Bradley and Polk Counties, are tied, and that the place is yacant. This places the organization of the Lower House of the Legislature in the hands of the Republicans, and reduces the Demo- cratic majority on joint ballot to three. The result of a new election in Bradley and Polk Counties will be favorable to the Repub- licans, CONGRESS. THE THIRD MOUSE. Special Dispatch to The Chicago Tribune. Wasntxaton, D. C., Dec. 4.—It is expected that the “Third House” will have a quorum here this session. The sugar lobby is already in the field, as well as the agents of Jay Gould, who want to open up a right of way through certain ‘Indian reservations with a grant of alternate sections, The clamor for free ships promises to bring down. the usual lobby of John Roach, Cramp & Sons, and the ship-builders generally. ‘They have long ex- ercised a powerful but unseen influence upon legislation, and the proposition looking to an attempted revival of our ocean- carrying trade will make things interesting. ‘The last session of any Congress, with its possibilities of slipping in a little job during the Jast busy hours, insures a liberal at- tendance and a liberal display of induce- ments on the part of the Third House, : ARRIVING, ‘The evening trains brought inalarge num- ber of members, but Mr. House, Chairman of the Democratic caucus, did not think that there were Democrats enough here to war- rant the calling of a caucns, and the call will not be issued until next week. THE HOUSE. There is one petty vacaney in the House, that of Postmaster, caused by the death of Col. Stewart. ‘There is an active canvass for this place, notwithstanding the Democrats admit-that they do not hope to hold the House beyond this Congress. Speaker Randall himself to-day admitted that the Re- pubdlicans have a clear majority in the next House of at feast of one, and he repudiated the idea that the Demoerats contemplate an alliance with the Greenbackers. Clerk Adiums says that he shall be guided entirely by the law in making up his roll, whether the Republican majority proves to be one or fifty, and thas there will be no effort made to give the contro! of the House to the Democ- racy by trickery. , WHAT DID TN. Representative Cox, of New York, charges that it was the tariff and*too much Barnun that defeated the Democrats, and he pro- poses to speak his mind upon the subject in a forthcoming tariff speech. He thinks that the Democrats could have heard a little more about the tariff during the campaign without injury, for he said he made a free- trade. speech at Zanesville and the Demo- eratic majority was increased 47 votes, Mr. Cox proposes to make a raid upon the State Department, and to receive the text of the new Chinese treaty, and says that he shall introduce a resoluuon calling upon the State’ Department for that document early in the week. Mr. Cox’s resolution will bea brutem fulnen, for there is no treaty here to give him. It was stated at the State Department to-day that Secretary Evarts gave to the press within five minutes after he re- ceived it, the only dispatch relating to the Chinese treaty, and the one which gives all the information of the State Department, NOTES AND NEWS. NEW PH3SE IN THE CHRISTIANCY SCANDAL. Spectul Dispatch to The Chicago Tribune, Wasuixeroy, D. C., Deg. 4—The Ghris- tianoydlivorce case is likely totakea newturn. | Inhas already been showed tiata woman, wwhd WAS ‘BaRnled GUE ta the Wwllngataf nde. | Christiancy, but who was not that person, occupied a room ina hotel in New York with Grier. The counsel for Mrs. Christiancy will now probably endeavor to make it ap- pear thatsome one has attempted to put up a job to injure her reputation and to destroy her character as the defendant in the suit, and that the matter will not be permitted to stop here, An effort will be made to dis- cover who pointed out to the witnesses the person whom they represented as Mrs. Chris- tiancy. a THE ILLINOIS SHIP-CANAL SCIEME, Gen, Henderson, of Illinois, arrived here to-day. Ile says that efforts will undoubtedly be made at this session to secure an appro- priation for the deepening of the Ilinois & Michigan Canal in order to makea ship- eanal, but he has found hitherto that one objection has been successfully urged against tls enterprise, that is that the Illinois & Michigan Canal is owned by the State of Illinois, and members of the Commerce Com- mittee and others, whenever the proposition to deepen the canal is made, state that if the Government is to make appropria- tions for that purpose the canal should be owned or at least controlled by the Govern- inent, and that the first step proposed to be taken to secure National aid is to tranfer the control of the canal to the General Govern- ment, A similar diMculty exists with re- gard to the Illinois River improvement, for the reason that some of the locks have al- ready been built by the State, and the ques- tion arises constantly in the Commerce Com- mittee whether, when the river is finally improved, some of the locks are to be under State control and some under National ‘The question is a continually embarrassing one, but nevertheless Congress appropriated $100,000 for the Illinois River at the last session. THE PONCA INDIANS, ‘The officials of the Indian Office to-day, re- ferring to the public meeting in Boston, in which Secretary Schurz was assailed for his conduct with reference tothe Poncas, and the Indian policy of the Administration con- demned, say that the Eastern philanthro- pists thoroughly misunderstand the case, and that the situation is still the same as the Interior Department all along has claimed that it is,—namely: that the leading men of the tribe entirely agree © the action of the Interior Department, wi nave within a short time renewed the expression of their approval, and that a few dissatisfied men fond of creating trouble are the only ones who are causing this agitation. A FICTION. It turns out that the reported robbery of passengers on a Puliman sleeper between this city and Baltimore was a pure fiction, palmed off upon a New York paper by some unscrupulous person. A SESSION DEVOTED TO BUSINESS. “They will roost very much lower,” said a New England Republican Senator to-day, referring to the Democrats in Congress, “and those fellows at the other end are so anxious to retain their patronage during the next summer that they will do all they can to avoid an extra session. Henee, we shall very little politics, and attend strictly to business this winter.” THE PRESIDENTS MESSAGE. {tis now known that the President ex- presses himself in his annual message very earnestly in favor of paying steamship lines to foreign countries a fair price for transporting the mails. Me does not content himself with calling attention to the recommendations of the Postmaster-General and the Seeretary of the Navy, but on his own part presents strong arguments in the same direction. “The President's views in respect to the desirabili- ty of making a President ineligible for a sec- ond consecutive term are not embodied in the message. THE GENEVA AWARD. New England Senators who have arrived this evening say that they will use every ef- T fort to secure in this session a final settle- mgnt of the question of the Gengya Award. 4 DGE. DANDY’S DECISION. g There is some surprise felt here as to a dis- patch from: Oinaha announcing Judge Dan- dy’s decision in the ejectment, ease of the Poncas axaiyst the Sioux. Thq Government is not a'party to the suit, and has been served with no process in it. It is not known, therefor, why there shonid be any astonish- ment over the Goyernment’s not appearing by counsel, ° ae Z - -VEST’S BILL. ee. Senator Vest gays that he intends to push his bill creating a District Court for the In- dian Territory, Ho thinks.the bill wilfpass the Senae with some few ainendments. THE LOTTERIES. ‘The rdations of the Post-Office Depart- ment to ‘ottery companies were under con- sideration to-day, Mr. Carlisle, counsel for Simmonds & Dickenson, appearing before Vostmastar-General Maynard to .Insist that hiselientsshould be treated no differently from ‘the treatment awarded to the Louisiana Staté Lottery. The Postmaster-General said that he was waiting to hear the decision of the Suprene Court in tlie case brought by Daupliin, went of the Louisiana Company, against Postmaster-General Key. He’ was assured, however, by the Attorney-General that the case would never be argued, as it was persoml against Judge Key. It had therefore Inpsed by tho latter's. retirement from the Post-Office Department. Upon this assurance Postmaster-General Maynard de- termined to issue an order including all agents of the Louisiana State Lotteryin the order forbidding the délivery of letters con- taining money or money-orders to agents of lottery companies. ‘This order will be issued as soon as Judge Freeman returns, COURT-MARTIAL SENTENCES. To the Western Assoctated Press. Wasutxcton, D. C., Dec. 4.--The Presi- dent has approved the sentence of the court- martial dismissing Capt. Andrew Geddis, of the Twenty-3fth Infantry, from the service. In the case'of First-Lieut. Wallace Tear, ‘Twenty-tifth Infantry, sentenced to be dis- missed fromthe ‘service, the President has mitigated the sentence to the forfeiture of rank and hal! pay for a year. * IE SILVER DOLLAR. A statemeat prepared at the “Mint Bureat to-day show? that during Noveniber there were 1,046,500 standard silver dollars distrib- uted from the New Orleans Mint and 982,500 from the Philadelphia Mint. ‘The total ship- ments from the New Orleans Mint since June 15, 1880, have been $4,493,498. During the weck ending to-day there wero 402,993 standard silver dollars distributed. During the same period last year but $272,497 were distributed. : —— ‘HE SPRAGUES. Legal Skirmishing in Connecction with tke Divorce Suit—The Governor Has a Sharp Eye on the Estate, Spectat Lispaten to Tne Chicago Tribune, Provivence, R. I., Dee. 4.—Winchester Britton, of New York, Mrs. Sprague’s lawyer, arrived in this city to-day. His object is to-file a bill tor divorce against Gov. Sprague, -on the ground of cruelty. On his arrival he was waited upon by a friend of Gov. Sprague, who was -aware of the object of his visit. This friend was authorized to offer the following terms: If Mrs. Sprague. would cease ler attempts to get possession of the homestbad at Canonchet, and would induce her trustee, Thompson, to give upthe idea of further prosecuting Willie Sprague for shouting xthim three weeks ago, Gov. Sprague woukl offer no opposition to the divorce suit oa the ground of cruelty.’- Mr. Britton, however, rejected this offer, and said that he should file the biil within three days.’ It is probable that his reply fs dletat{d by pegysonal feelings, sine he was in a state of great indignation'as}inst Gov, Spratue fot haviitz allotted Dr. Greénd, -anothordviend; to-personate-tim at’ ip of Mr. Britton’s' visit ‘to. Canonchdts NO 1. pendence can be placed on any agreement Gov. Sprague may make through a third person, snd, therefore, Insists on filing the bill for divorce at o1ice, after Which- any stipulations that may be ‘agreed upon can be carried out. » Gov. Sprague’s desire to delay the fillng of tho Dill until after action has been taken relative to his property, which is now in the hands of Trustee Chaffee, is due to the fact that animportant plan is in preparation’ to re- move Chatfee, ‘and possibly restore the control of aclarge part of the. prep- erty to Gov. .Sprague’s . plan is successful, Gov. Sprague will be very willing to let Mrs. Sprague have a divorce. ‘The interests of both would seem best served by postponement of the sult fora time. Gov, Sprague will have all he can attend to in hisscheine to regain possession of his prop- erty. Mrs. Sprague will save much scandal by accepting herhiusband’s terms. Hence it is probable that Lawyer Britton will con- sider his- client’s interests rather than his offended dignity, and delay filing a bill at presen However, he is very de- termined to begin suit immediately, and, if it_is pressed regardless of the Governer’s offer, a cross-bill will probably be filed, and the shotgun incident at Canonchet two years ago will be brought out in court, Goy. Sprague’s principal legal advisi Ben Butler. HARWOOD & CO. Suits Entercd by Varions Corporations and. Individuals. Special Dispatch to The Chicago Tribune, St. Paun. Mimn., Dec. 4.—The New York Knife Company, the Eagle Phen Manu- facturing Company, the Eagle Knitting Com- pany, and other corporations and individuals have entered suit in the District Court of Hennepin County against Harwood and Sheriff Thompson, asking thét the former be restrained from disposing of any goods, and that the Sheriff be restrained from pro- ceeding with the sale in bulk as coitem- plated, and asking that he be ordered to sell in pareels, after a thorough display of the goods. The Court being advised, ordered that an injunétion issue against the defendant Harwood sestraining him from the col- lection of “any claims or In any wise disposing of or removing any goods. The order alsé cites the Sherif to appear before the Court on Monday and show cause why he should not postpone the sale as prayed for in the complaint, and display the goods for bidders and offer the same in pareels In- ¢ -ulofin bulk. ‘The case is set for hearing ou Monday. Among the aftidavits filed in the case igsone charging that the judgment in favor of Mrs, Harwood has been paid, and that she has left this section of the ‘country, whenee the deponent knoweth not. ‘The conviction that this is the case deepens since Mr. Harwood omitted her judgment in -his_s' slatement filed in court yesterday. Mardin; ie New Lork expert, is'en route here to make a thorough examination, and sensational developments arc anticipated in connection with his inves- tigations. He willbe here and on duty by Monday, when this last case will be called. <<< _. SUICIDE. LrttiEri Rocr, Ark., Dec, 4.—About day- light this morning in a fit of delirium tre- mens, Bitly Bough, barkeeper’ ior the ere saloon, jumped from the third story of the Capitol Hotel to the pavement, Death was instantaneous, Special Dispatch to The Chicago Tribune, Denver, Ia., Dec. 4.—Mrs. R. Z. Bell was found dead” this morning hanging by her neck in, the cellar at her residence. For some tinie she has been very despondent, and it finally culminated in attecting her brain and causing her to take her own life. Her husband is Superintendent of the Bell Gold r Mining Company, and was expected to arrive home tod Prom California to. spend the holidays‘with ‘his wife and ¢hildren. Her rash act: has-caused:a gloom to fall over her many friends... on eee OBITUARY. Speeal Dispatch t Tne Chicago Tribune. Qurxéx, Mich, Dec. 4.—Dr. Richard ‘Woods’ 4 leading physician and surgeon of this place, died after a: lingering illnets this mornhg. 5 ; Mr. Britton ptéfesses to believe that no de-* hands, If -this | = NEW YORK. ny Ti Tié Pulse of the Stock Ex- shange Yesterday Fever- i ish and Fluctuating. Bauer - Lenders Apparently “Wave Full ‘Control of the Market. ‘| Various Predictions as to the Course of Speculation the Coming leaden Week. Pan te Adventures of “ Charles Pelham Clinton,” the Bogus En- - glish Nobleman. Hs “Lordship” 1s Wanted in Many _ States of the Union, and Several ‘ Other Countries. uw : oe Arrival of Fifty Millions of Coin and ‘;' Bullion Since the First” of August. Bernhardt Takes from New York the Snug Little Sum a * oF Sgo,000. MONEY:AND STOCKS, _. THE SITUATION YESTERDAY. Special Dispatch to The Chicago Tribune. Ney Yorx,, Dec. 4.—The stock market was given up largely ‘to-day to the shrewd de- vices of the money lenders, whose adroit minipulation of the loan and stock murkéts befogged all the financial wise heads. ‘The Opportunity affurded by a bank statement which was uncomfortable was not to be lost. Having complete control of the current street funds, they offered down the price of money and bid up stocks, and in an hour or so they played the game vice versa. There was an extraordinary opposition in street circles prevailing against the devices of the money Jendérs, but still the market declined, as money brokers were at sea and fearful of SOMETHING DREADFUL IMPENDING. The’ market was, however, wielded with surprising obstinacy, a decline in some speculatives reaching 3 per cent, though there was a suspicion of matched orders. Corresponding to. the upward turn given yesterday afternoon to the general market on the prospect of easier money, the bulls were inclined to stiffen prices at the open- ing, which were 1 per cent higher than they closed last night. The bears, who were nervous, assisted at’ the bidding, and frac- tional advances were recorded through the list. A decline followed on free realiza- tions, and the market fell into dullness, the fluctuations either way being within the limit of 1 per cent. Chicago & Alton and Erie preferred Ied the list at the opening, followed by Iron Mountain and the remainder ‘of the list except for Reading, which was fractionally lower. The advance immedi- ately after the opening was led by-the Union Pacific. The sensation after the first call in morning was a heavy selling movement in Reading, and the decline in that stock was owing to the report that the deferred bold scheme had burst_ups-But this was subse- quently daniel. areasioning_« rally. Wost + ohf Union and Notthwéstern were irrézular, Erie quict, and coal shares strong. Atnoon ‘stocks wero generally eaiser and lower. ++ ‘The money market became easier early on the second call, and for a while THE MARKET RALLTED ~ upon the cheaper rates. ‘The improvement was short-lived, for later money tightened again and the whole list became heavy and quotations dropped to the lowest figures of the day. There\was another spasmodic up- ward turn after ‘2'0’clock, coal sliares rally- ing fractionally along with the Vanderbilts and Grangers, and in the last hour prices again fell, Western Union Telegraph lead- ing. At the close the whole list was heavy ator near the lowest prices of the day, and this notwithstanding the low rates for money. THE PRINCIPAL DEALINGS of the day were in Western Union Tele- ‘graph, Erie, Northwestern, Milwaukee & St. Paul, Delaware, Lackawanna & Western, Reading, Union Pacific, and Ontario & West- ern, In railroad bonds to-day the features «were Kansas é& Texas ‘seconds; consols, which in the morning advanced from 72% to 7334, but in the afternoon declined to 7114; ‘Erie seconds, which declined from 973; to 6%; Texas & Pacific income land giants »%s, which declined from 2!7 to 71g, and later advanced to 7234; Colum- bus, Chicago & Indiana Central income, which early advanced 2 per cent, to 57, but in the .afternoon fell to 56, closing at 5637; ‘Trust Certificates, Which advanced 1}. to 14, closing at 103) and Chesapeake & Ohio eutraéncy 6s, which advanced to 43%. There was a decfine of 3 in Mobile & Ohio first degentures, Rome, Watertown & Og- Mensburg tirsts; 9 in Milwaukee & St. Paul (Southern Minnesota Division); 3¢ in Iron Mountain firsts, Arkansas Branch; }4 in sec- ond preferred income, ‘ TUE MONEY, MARKET TO-DAY cwas decidedly less stringent than. yesterday, and there were no conunissions above 1-32 of 1 per.cent per day plus 6 per cent per annum, and a good jmany loans were made to the stock brokers at plain 6 per cent, while: late in the day the ‘article was offered at Sand + .per cent, and thereby hangs the tale of the fluctuatigns in stocks. The bank statement appeared a little after noon, arid, notwitstanding a contraction of '$7,823,S0) in loans, which contribute toward a reduction of 313,294,100 in deposit liabilities, the reserve is rediiced $2,856,200, and is now 2,461,975 below the 25 pér cent limit. The items jwhich compose the reserve show changes of 3,300 reduction in specie, and $61,500 reduetion in legal-tender notes, MAKING FULL ALLOWANCE for the manipulation of the money market during the week fur the foreign specie which has arrivéd during the week, and which shows only in:part in this statement, there is -little comfort for borrowers to be derived from the bank figures of to-day. A-year ago the bankgheid a surplus reserve of $7,686,- 673; in other words, they were $10,148,550 stronger:: in the relation of reserve to liabilities than they are now. The following shows the changes, in the averages during the week: ‘Loans, December, $7,828,800; specie, December, $5,015,500; legal-tenders, DecemBer, $61,500; deposits, December, $13,- 294,400! circulation, December, $194,800. * ‘The'Preasury to-day bas obtained $9,000, 6s of 1880, at $1.027.. Brokers are bidding 103 for the bonds, to. turn into the Treasury at soggy. Foteizn “exchange for immediate delivery ig weak. .The posted rates for prime-bank- ers’ sterling are- 480 and 482}4. The actual rates are 478@4783{/ and 4804@451. Cable transfers are 450}(@481}4, Prime commercial bills are 476}4@¢47 Rates are 1@1}4 cents higherfor delivery next week. = The report that the Secretary of the Treas- ury would pay 103 for Us of 1680 4 WAS POSITIVELY DENTED at the Sib-Treasury. . The rumor was eireu- ‘lated ‘for the purpose'of giving the impres- ‘sion that. Mr. Sherman would do all in his ,cans, or marrying some silly American power to relieve the stringency inthe money market. Another story was to the effect that the Secretary would transfer large sums of money to the depository banks, and still an- other that the pension checks would be drawn upon these institutions instead of upon the Sub-Treasury. It was reported this morning that A PROMINENT BEAR OPERATOR had covered his shorts in Northwest at a heavy loss. The story lacks confirmation. The decline in the stock is without doubt due to the fact that two largo holders have accepted profits, selling their stocks as soon as they learned that the leading holder of the shares lacked the backbone to carry out his announced program of a scrip dividend. This is not the first time that this individual has shown the white feather in the face of threatened legistative-agitation. It is currently reported that Mr. Sage has bought in many of his own” calls issued on St, Paul common. ‘The reports made to the Western Union Telegraph Company during the first few days include the figures on which are based the estimates for the present quarter, and the in- dications are that the usuat dividend will be declared, as a less dividend would leave a surplus on hand. The figures show a falling off of earnings for October as compared with the same month last year, but the earnings for November are materially increased, IN MINING MATTERS, Leadville stocks were firm at the New York Board, but the general market has been weak. Gold Placer fell from 65 to 48, owing, itis said, to the breaking up of the pool. Kobinson Consolidated recovered to 963. Great Eastern declined to 25, BROKERS’ TALK, Speaking of the stock market to-day, a broker said: - “It was intended by the bears that this week should see the collapse of the market, and they began by putting all the money they could out of reach, and then, by getting up 2 _— scare, with false sales of stock, began forcing the minor bulls to sell. ‘They had to steer clear of a panic, for a general selling out under the rule would not have been a very -pleasant thing for the heavy bears who had so much money lent about the market. They were helped not only by the timid bulls but by the large number of room-traders and others who were anxious to realize on the rising market. The control of the street has undoubtedly been ‘ IN THE HANDS OF THE BEATS, but they cannot very well apply the thumb- serew for the reasons I have stated. A good many of the conservative brokers with bull tendencies are getting tobe of the opinion that, after all, when the January rise comes, or the easy money rise, when the present lock-up is broken, that there wilt be such a desire to trade that the present market is safe to buy on, even though some of the - quotations appear to be ‘very high, They are not, I think, unreasonably high when we look at them simply as representing the earning capacity of the roads. ‘The ‘bears’ thein- selves are large borrowers, but on time loans, and the greater part of the money which they are now distributing as demand loans has been borrowed from the banks at four and six months’ time, at even 6 per cent, without ‘any bonus. Itis certain that with- offices on Broadway yesterday, not only those of the Companies, but also those of the “scalpers,” and in no two offices found pre. cisely the same prices for tickcts to the Wy, Tickets to Chicago varied in rices:ften Siz to $20, and at the “scaty er” offices they were offered at stil) lower rates. At one office tickets by night-express trains were offered at $P2.50, These were neither first-class nor emigrant tickets. Except admission to the sleeping- cars they entitled the buyer to all the priyi. leges of the line. The railroad companies do not sell sccond-class tickets, but’ thesg tickets seem to be entiticd to the distinction, ITEMS. RECENT FAILURES, Special Dispatch to The Chicago Tribune, New York, Dec. 4—The recent failures in the dry-goods trade in various parts of the country has caused considerable anxiety on the part of their creditors, many of whom are in New York. ‘Lhe New York creditors of Mackay & Edwards, dry-goods dealers of Richmond, Ind., have received a statement showing liabilities of $100,361, of which $57. 282 is for borrowed money, all but $10,000 of which is seettred by a mortgage on the firm's stock, which at cost price is thought to aggregate $65,000. There are are no other assets of any account, and the finn offers 30 cents on the dollar to the unseenred erpd- itors, which proposition will be withdrawn unless accepted before Dec. 20, : P. T. BARNUS, The condition of Mr. P.T. Barnum, who for some time past has been tying af the point of death at the residence of his son-in- law, Mr. S. H. Hurd, at No. 334 Ley 2 avenue, Was to-day Much improved. His physicians have pronounced him out of dan. ger. # THE BERNHARDT SEASON closed this evening. ‘The house was, as has been customary ‘since her first appearance, densely filled. Bernhardt has appeared at Booth’s Theatre twenty-four times, and the receipts as returned by Abbey to-night haya been $98,000, or an average of $4,500 for each performance. From here the troupe go to Boston, FILED THEIR BONDS, ; The editors and publishers of the Trish, indicted for criminal libel of Gen. Garfield, have filed bonds in $2,000 each to appearfor - trial. - : THE AMERICAN OYSTER ABROAD To the Western Assvctated Press, New York, Dee. 4—TLhe 1,500,000: of Aumerican oysters, writes u German corre spondent, which. were planted irt'the littl beltlast spring were inspected a short time ago and found in tine growing condition, Within four months they gained an inch in circumference, ‘and a Gcrinan Professor of Zoidlogy gives assurance that for the purpose of oyster-growing: it cannot be excelled. It has now been determined to construct basins where younz oysters, will be protected from polypes and starfish, and to plant in thesa busins. 4,000,000" to-: 5,00u,000 “of, Asmerican oysters, A SUSPICIOUS CASE. *’ Dr. Nagle, of the Ucalth Board, received a communication purporting to’ be" froty 2) First avenue, complaining that Wiltiam J, Grady, an undertaker occupying the ground ‘Moor and cellar of the buitdmng, Wwis"In the habit of keeping dead bodies boxed tup in the cellar. A police.ofticer found. that tnebody outa more open money market, the *bulls’ can only hope to : HULD PRICES STATIONARY, under the hammering of the ‘bears,’ and the market canno more ‘boom’ without money than a mill can run without water. Chicago, Burlington & Quincy stock has been strengthened on a report that Vanderbilt had made some sort of an agreement with that road ‘to form a coalition on freight, but any one who believes that must think Vanderbilta fool. He may giye countenance to the yarn asa help to him in his Wall street speculations, but he is. tho. operator of a trunk line, and it is just as profitable for him to take freight from the Wabash and Chicago &Altonas from the Chicago, Burlington & Quincy Road. By discriminating in favor of one hé would antagonize perhaps a dozen other lines, and there would be trouble. No, Ishould be very much surprised to hear that there was any truth in that story.” “CHAS. PELHAM CLINTON.” WIS CONFIDENTIAL ADVENTURES. Spectat Dispatch to The Chicago Tribune New York, Dec. 4.—As the escapades of “Charles Pelham Clinton,” the bogus British nobleman, become more thoroughly venti- lated, dispatchés are being received from many parts of the United States and Canada asking for a description of the swindler. It seems that he is wanted in England, Utah of a child 2 years old was in “the cellar, and had been there two months. Grady’s expla nation was that he had a regular burial per- mit, and at the time Of the chili’s death had given to a “man then in iis employ, but who has since been dis- charged for cause, the money and an order, to bury the body in Calvary Cemetity. Yes- ~terday, Grady says, a horsé-a ‘Conductor cxume to his place and told him aman who ‘rode with him the night before had sald there were sevéral bodies in Grady’s cellar, aud . that he knew it, because he had’ worked for Mr. Grady. Grady clans he then. went into “thecelldr, atid for thé “first'time discovered the chiJd’s body: “He promised it’ should be buried at once. An ‘investigation will be made by the Health Otticers, _ ~ COIN AND BULLION; i The arrivals of gold, from ‘Europe at the Assay Office Here for the week ended yester- day were $3,440,500, of which $1,002,000 was in American coin, and "$2,378,300 in foreign coin and bars:. The total arrivals since Au- gust are $50,746,800, of which $5,731,800 was in American coin, and $45,015,000 in foreign coin and bars. The total artlyals for the same period fast’ year was $68,654,850. ~ The total payments by the Assay Office Onthis ac count were "$800,000 for thé Wébki; aid $48 524,000 since Aug. 2 3 ‘Territory, Montreal, Can., Richmond, Va., Balthioré, and Newport, R. I. While in Richmond, Va., just a year ago, traveling under the namé of Robert Raymond Arundel, heswindled a number of people, and suc- ceeded in procuring by false representa- tion a ‘large sum of money from ‘James D. Tracy, at that time Superintendent of the Richmond Telephone Company. Clinton is wanted in Montreal for a little confidence game he played on a merchant, représenting himself as C. C. M. Bertie, adjuster for some estate in England. ‘The authorities of Montreal offer a reward of $1,000 for his capture. It is said that the | daughter of a prominent citizen of Norfolk, , Va, belonging to one of the first families of the South, gave Courtenay $500. Notwith- standing this loan his extravagant tastes in- volved him heavily in debt, and he was after a time obliged to decamp. It is now established beyond a doubt from letters received from England, that Clinton is the clever son of aformer lodge-keeper employed on the estate of the Earlof Devon, and un- doubtedly before he left England studied up thoroughly tue pedigrees of inany of the En- glish families of note and title for the sola purpose of swindling unsuspecting Ameri- heiress. THE RAILROAD OFFICES. THE RUMORED CUT IN PASSENGER RATES New York, Dec. 4.—Regurding the report that the Baltimore & Ohio Koad has begun to cut passenger rates between New York arid the West, it was to-day, at the pas- senger agency of that road in this city, denied with great emphasis. It was acknowl- eged that great Irregularities in passenger rates to the West had existed for some months, and that cut rates were common on all the trunk lines. The opening of the new route of the Baltimore & Ohio Company had not yet resulted in . any reduction of previous rates. Among the passenger agents of other lines there seemed to bea vague impression that tickets were being sold at low prices, and gencrally among rail- road men it was the belief that the opening of the new route must result in A WIDESPREAD WAL IN RATES. It was not likely, it was said, that the Penn- sylvania Railroad Company would admit the Baltimore & Ohio to an equal share of the business at New York without a severe struggle. But at the same time it was said that the new line was an established fact, and entitled to its propor- tion of the business. Great efforts would be made to bring the néw route into public ‘favor, and to obtain for it a proportion of the -travel. The hope was general among rail- ‘road-men that, if the rivalry between the two companies was to result in A CONTEST OVER PASSENGER RATES, it might be sharp and decisive, that it might extend at once to the freizht trafic and be, therefore, not of long duration. At the general offices of the Central Rail- road of New Jersey in this city no information of a reduction in passen- eer rates had been received. <A ‘reporter visited many of-*%a raliroud ticker A Match for $2,500 Arranged, O'Leary and Westone, : |. Spectal Dispatch to The Chcityo TrGune, - | New Yors, Dec. 4.~Edward Payson Wer ton, the pedestrian, was here ‘to-day. He had sent a challenge to O'Leary, and bad comé to meet hiur and arrarige for “sucha watking mateh as the sporting world never saw.” Late in the day Weston and O'Leary met ahd arranged the preliminaries for their next contest. “You've got away from me three times, but it. was by accident,” Weston said. ‘If you'll train yourself; thst is, be independent of any trainer, and eat your food in your tent or in front of it, a cepting no assistance trom an attendant, I'l walk you go-as-you-please fur 14 consecutive hours for $2,500." O*Leary-avcepied the challenge, aud. made’ his firat_-deposit with _ Mr. Hamilton -Busby. | An agreement as to the city in which the contest shall -take ‘ place’ was ° ‘not. ef fected. -O’Reary, negotiations with Weston, 8 hight of my ambition to br! back to Amer but I've said Vd never walk in‘a‘go- lease match to get-It’ : —————__—— : ~~ HUMOR. : Sara is said to be a bony.fide artiste. “Perry’s victory ”—-A chap that is tightoa pear-juice, ete Do not be astonished at anything. This is a freak country. - All reports to.the éontrary, the iee-crop for! 1SS1 has not yet been damaged by frost, + Andres’ Queen questions whether It pays to give a $5,000 education toa SSboy.. ~ What a pity the census was not taken dat ing the melon season, when half our pop lation is doubled up. Every printer is a galley slave.—Yonkers Gazette. Yes, and his wite is the gal be slaves tor.—Buston Bulletin. A Pittsburg man recently made nwo Laer cessful attempts to hang himself, He b -probably been a Sheriff in his tifetime. .~ A Massachusetts boy. about as high as the counter recently came into a boukswore asked for A book for 10 cents with a wu der in it” A little boy who came into the house with -both eyes in mourning and his nose binody explained to his startled mother that he been attending a pound party. 7 When somebody told Mr. Whistler that } friend of his had Teceived a lesgacy of £100 “By Jovel” eried’ the witty spendtbillh “that’s £20,000 a year fur six months.’ After the stage-manager had extiausted his patience and fifteen minutes’ time in endaay oring to teach a.couple of supes tu repeals few lines, he broke out with: “It is of use; you fellows are like the Sidmese twins —you can never geta part” = . A “Young Naturalist”-writes us to leat “How he ean exteha wasp, for scientit Purposes, ‘without. injuring: it?” ‘Right the tail, son,—right by the tip end of thet Saueeze hard,—the wasp don’t mind its at ticle,—and, if it seems to be injured any. for you ean sce, send us the bill and we'll Day a new wasp—Burdette. i Young housekeeper— The oysters Sir sent yesterday, Mr. Mollusk, were dreadfuls, Fishmonger— How did ye cook ’em, 1 LY. L.—"They were not cooked at al int Wwe served them raw.” Fishmonger, Leos ly—"Lor bless you, mum! them wart m0 ing oysters,—they war couking oysters. } Boston Bulletin.