The New York Herald Newspaper, October 3, 1869, Page 3

WALL STREET. Additional Failures Reported---Confidence Expressed in an Early Adjustment. Affairs of the Gold Exchange Bank and Arrangements for a New Clearing House. CONDITION OF LEADING FIRMS. General Creswell Among the Bulls and Bears, Postmaster ‘Wail street yesterday was very quiet. The only ge272\iuns of the day were produced by announce- ments of two or three failures and fluctuations in stocks, the gold question having almost entirely ceased to interest any one except those connected with the transactions of Friday, the 24tn ult. Broad and New streets were even more deserted than on the previous day, and matters were so duil outside the Stock Exchange that very few idle spectators appeared, Even the gallery of the Gold Room was deserted, and the neighborhood of the Exchange presented as uninteresting an aspect as at any time previous to the great excitement. THE GOLD ROOM. Upon the opening of the Gold Boavd, at ten A. M., an executive session was called, and Mr, Akers offered ‘the following resolution, which was adopted :— Resolved, That a committee of nine be appointed by the Chair, whose duty it shail be to ascertain and report, on Monday morning, whether or not it be practicable and ‘desirable to organize a clearing department as a function of this Exchange for clear- ing contracts In gold made by and between the Members of the board, and that said committee be Instructed to report a plan. A committee, consisting of H. S. Camblos, R. L. Edwards, W. H. Dut, B.S. Bailin, Josepu F. Tucker, A. Gans, M. C. Kingfeld, John Denny and W, B. Sancton was appointed, and named half-past four as the hour for a meeting to be held in Mr. Cambios’ ome, ‘The regular business of the Gold Board was then resumed, Transactions were limited, however, and entirely devoid of interest, prices opening at 1304 The fol- ana varying very lituie throughout the day. lowing were the prices:— ‘The usual spot for gold transactions around the fountain in the centre of the apartment was de- serted, as it has been nearly every day of the week, and the few dealers present conducted their nego- tations in the corner, near the bulletin board. Everything? wore a sleepy air throughout the day, and dealers occasionally dozed in the chairs or stretched themselves upon the desks of the Gold Room. The fluctuations in the gold market for the week Were as follows:— Opening. Highest, Lowest, Closing. No business, - - |, Sept. 28....No business. a - 182 130% = 131 130% 180 130% 1803, 129% 130 THE STOCK EXCHANGE ‘was much moretively, All classes of stocks, as wiil be seen by our regular financial report, fluctuated throughout the day, and a general feeling of uncer- tainty prevailed. The partial relapse which occur- red was attributable principally to the announce ‘ment of two other suspensions and the non-accept- avee of William Heath & Co.’s proposal, made yes- terday, to effect a settlement of their gold contracts. ‘The influx of ouside cupital which has taken place wing tho last two or tire ays hay giveu affairs a stability which may be regarded as an effectual stay against reaction in absolute panic; but at the game time the consciousness that many have been seriously hurt who have not really failed, but may yet have to suspend, induces a general cau- tion in the matter of credits; and confidence cannot be said to have recovered Ks normal tone. The banks naturally show a close discrimination as to the standing of houses—a discrimination which, by Jeaning so much to the side of caution, no doubt inflicts in come cases unnecessary injury and tends to compel fallures for which there is no necessity, Allowing for cases where is question as to the standing of borrowers, the money market may be Teported as comparatively casy. Loans on govera- ments are very geaerally Gone at seven per cent on currency, while on stocks the rate is mostly seven per cent in gold. THS GOLD EXCHANGE BANK will, tt is expected, be prepared to make a state- ment of its affairs on Monday. The full clerical force of the bank will be employed all of to-day and to-night, if necessary, to conclude the posting of the Ddooks, and the ofivers feel confident of being able to resume business on the first of the week. They last night expressed full confidence in their solvency, and declared that just as soon as the examination of ail the statements was made they would be ready to Bettie with every one. THE NEW CLEARING HOUSE COMMITTEE. met in the office of Mr, Chambios at half-past four, but none but members of the committee were admit- ted. The following proposition was submitted by the secretary offthe Gold Exchange (Mr. Akers), and probably embodies the ideas which will be adopted by the committee:— With a view to facilitating the transaction of bust- ness in gold I propose that a depariment for clear- ing contracts therein be organized as a function of the Exchange, aod here submit a plan by which sucn @ system may, in my judgment, be put into suc- cessiul operation, It requires no capital and involves no risk. Fundamentally it is this:—The contracts in goid, whether to buy or sell, or borrow or lend, be cleared at a uniform figure, and differ. ences urising upon the contracts be setsled between the contracting parties themselves and patd when the orders for clearing are exchanged. For exam- ple:—A buys irom 8 $100,000 goid at 131 to-day. ‘To-morrow morning the market opens at 130, and that figure is xed as the price at which all con- tracts made that day shall be cleared. When A and B exchange orders directing the Ulearing House to Feeeive $100,000 gold ou aecount of A and to deliver # 000 gola on account of B, A must give B a cer- fed check for $1,000, This completes the contract between A and Bb, All other contracts could be com- eted m like manper. In ali cases where there are alances of currency on account the contracting Phar must arrange the balances ex Clearin, jouse. For exampie:—If A has vougltjor borrowe: more gold than he has sold or loaned he must settie the excess with the other contracting party or par- tes ex Viearing House. It will be perceived that a Crearing House, organ- ized in conformity with the plan, would be able to clear nearly al! the contracts between parties with- Out actually receiving or putting out any coin or currency. Five or six clerks and one compecent neral Manager could ciear ali contracts made tween parties from day to day with the utmost ease and without the possiblity of loss. The whole matter of guarding against loss would be with the contracting parties them- seives. The charges for clearmg might be reduced to one-half the former rates, and the amount realized would still be ample to defray the expenses ‘of tuis simple method Of clearing, and pay bee:des into the treasury of the Exciiange a@ surplus sufll- cient to cover the salaries of its oifcers, and pos- sibly even the rent of the Exchange building, If this plan be adopted | see no reasou why we may not putitin motion at once, Let outstanding con- tracts be settied in the manner already provided, as speedily as inay be, but don’t let them arrest tne enerai course of business, In the matter of settling he balances, this cau be done oy the amounts being disbursed by the Farmers’ Loan and Trust Company, or some other sound institution. The committee will report to ttre Gold Board to- morrow morning. WILLIAM HBATH & CO. since the non-acceptance of their oifer of a basis of settlement proposed on Friday, have made another proposition, which provides that the checks to be given in settlement of the difference between 135 and the actual price shall be upon tne Gold Exchange Bank, the payment of the checks being subject to the resumption of payments by that institauon. ‘Tne firm states that the Gola Exchange Bank ts indebted to them nearly half a million, and that if the bank comes out all right they will have no fronbleim making a satisfactory settlement of all - NEW YORK HERALD, SUNDAY, OCTOBER 3, 1869.—TRIPLE SHEET. thetr affairs, Nothing of importance bas been | a dozen more farlures might bi elicited respecting the exact condition of LOCKWOOD & CO. although Mr. Lockwood expresses confidence in his ultimate ability to resume, his Western friends having liberally rallied to his assistance. According to Mr. Legrand Lockwood's statement the indebted- ness of the firm to the Lake Shore Company is not large; parties, however, connected with the control of the road, do not deem it safe to estimate the net indebtedness of the house to that company below $1,000,000. As yet no formal meeting of the Lake Shore dtrectors has been held, a quorum not being in the city, but it is expected that a meeting wll be summoned for next Monday. SMITH, GOULD, MARTIN & CO.'S TRANSACTIONS, ‘The following is the statement of Smith, Gould, Martin & Co,’s trangactions on Friday, September 24, as made ap by the Clearing Committee of the Gola Exchange from tickets in the hands of dealers, It will be seen that the firm bought on that day $20,050,000, and sold or loaned $7,499,000, leaving them “long” $13,150,000:— Gold, __Deliveredt to Woih. « 86,210,000 Lockwood & Co... 10,000 & Bout, Thayer « Co 20,000 0,000 Dzoutli, Springer 1,98 000 50,000 5544, 000 430,000 60,000 80U, 000 %5,000 25,000 50,000 Lounsbery & Fan- J. K. ducobs. 100,000 “shawe.s... ..-..- 1,700,000 Lanje, Bolle « Ar- Fanshaw’ & Miili- mit +; 80,000 ken... 800,070 MoUinuess & Halizarten & Co: 36,000 Co. 95,000 Kumion, Saxe M. Morgan's Sou HOW CO... 134,000 Foster € Randa! x J. &. W. Beli 15,000 Hallga Sooo Gunntingh tee fallgarten & Go... x ‘unningham Howett & Nichols. 10,000 Mead., 85,000 B. Hall & Young... 500,000 Maxwell Graves. 80,000 Goi & i. ted. Norton, Slaughter mond .. 675,000 & Co. +s 50,000 W. C, Mumford. 50,000 Tansslg, Frisber & Meyer & Greve. i OO. 90,000 Kennedy & Hute! 80,000 Lees Waller 200,000” Day. Reed, Leo & Con Wim. Heath & G9, 00 tont....... 1,015,000 Cushman & Hurl: Hagen & Billing. 200,000, bi eee 1,000 Kel, Budermane., 445,000 GP. Perse 735,006 Robert Walle 635,000 Stout Thayer & Uo 90,000 z| Total 860, FEELING IN THE STOCK MARKET. The stock brokers did @ lively business yesterday. Old estaslished houses had orders to purchase all kinds of stock. Orders tumbled in from all quar- ters and from all sorts of people. Money invested in safe but slow securities was taken out aud rushed into the market for this purpose. ‘Is this a healthy symptom?’ was the interrogatory addressed to an old broker on Wall street in reference to the appar- ent buoyancy of the stock market. ‘No, sir,’’ was the reply; “when stocks are at their normal figure this class of people who are now sending down their money to Wall street for investment keep aloof and prefer the slow, though more reliable profits, derived from government securities and such like. Stocks are at present low, and a good many ordinarily easy-going folks think their time has come to make a safe and paying venture. When quotations rise they will very likely sel! out and return to their former class of investments. The amount of capital used in this way since the late excitement is considerable, but it may be withdrawn any day next week and turned into another channel. It cannot, thererore, be termed @ healthy symptom, but rather a consequence of tue effects brought on by over-speculation and derange- ment in the regular business of the market.”? POSTMASTER GENERAL CRESWELL AMONG THE BULLS AND BEARS. Greatness will assert itself anywhere, even among the bulls and bears of Wall street. This was nota- bly observed yesterday, when the tall, compact form of Posumaster General Creswell strode with measured steps in among the smoking, shouting, swearing mob of gentlemen at the Stock Exchange. “Hats off,” cried a wag, but not @ hat left its jaunty perch. “Right about face,” yelled a joliy joker on the out- skirts of the crowd, and a half-face movement fol- lowed in response to tne impromptu and imperative command. “Postmaster General Creswell,” an- MOUNCEA & BLOHWUFMU vores oREu FUR Coven Uns” shoutedadozen. ‘Thank you, gentlemen, thank you,” said the bland Cavinet Minister. “Stience,shere,” furiously cried a ferocious bear. “Speeob from Creswell,” jerked out a fat, dumpy litle fellow im the rear of the crowd. “Speech, speech,” popped out one here and there in the noisy assemblage, and the big man of the mails, bowing with a courtly grace and with a diplomatic twinkle in his left eye, proceeded to accommodate his impa- tent auditory with just a few remarks. “I am happy to see that the conflict is over,’’ sald the Post- master, throwing a glance over the heads of his hearers, “and the bright prospect which matters now wear.’? As he said this his eye rested on John Morrissey, who was contentedly engaged plucking away ata bunch of Catawba grapes, the very picture of peace, plenty and repose. Wonder if it was John sug- gested the cheerful tone of the Postmaster’s speech? “There’s nothing,” conttnued the speaker, “that government can do for the interest of the merchants and brokers that will not be done.” The bears yelled, the Postmaster shook the paws of several, and after a round of introductions came away from the pit unharmed, Happy Cresweli! Just as he was talking of “the bright prospect” two large firms were tumbling to pleces outside. Adams, Kimball & Moore, No. 14 Wall street, announced themselves as suspended and unable to give @ correct estimate of their lia- bilities. Their failure arose from losses in gold and stocks, the principal ios bemg in the latter. The firm had no unsettled transactions in the street either in stocks or gold. Almost simultaneously came the news that Puleston, Raymond & Oo. had gone under and excitement began to pubble up again, “Who comes next? was the general in- quiry. ‘Well, this beats all my expertence,” said a wellknown old habitué of the strect. “It’s just the menI thought rigged up for this storm that have foundered. There’s Meigs, there’s Lockwood, there’s Fuller, and now here comes Adams, Kim- ball & Co., who were just as precise as could be. D—n me, if anything astonishes me after this |’? Puleston, Raymond & Co., however, do not attri- bute their collapge to the late gale. Theirs is the old story—a defaulting cashier—no longer a pheno- menon in our mercantile community, but a very ordinary product. The defauiting cashier in this Instance was Mr. J. W, Sanderson, who has been connected with the firm for a considerable length of time, and ['riday evening left as usual for his home in Hackensack, N. J. A chance reference to the books discovered them to be in an unsettled condition. Investigations were at once instituted ana a combination of circumstances, together with Mr. Sanderson's noa-appearance at the office yes- terday morning, warranted the firm in announcing themselves the victims of a defaication. They state that no approximate estimate of their josses can be ascertained, but believe themselves abie to meet all liabilities and in @ short time resume their busi- ness, The following letter to the Vice President of the Stock Exchange explains their position: New York, Oct. 2, 1869, M. A. WireLock, Vice President—We regret to announce that we are obliged to suspend, owing to heavy irregularities discovered in our books last night. If partes baving Outstanding contracts with us will cali at the office many of them can be arranged without closing under the rule, Respectfully, yours, PULESTON, RAYMOND & CO, The announcement from Adama, Kimball & Moore ig thus briefly worded:— New York, Oct. 2, 1869, Presipent New York Stock EXciHaNna DEAR SiR—We regret to announce that we are com- pelied to suspend business. Very respectfully yours, ADAMS, KIMBALL & MOORE, There was much sincere regret when the nature of this short epistie was disclosed; for Adams & Co. stood well and might be on their feet to-day if they had not been caught in the eddies that swamped others as comparatively substantial, “he defaulting cashier, Mr. Sanderson, had a great share of confidence reposed in him. He was @ careful, steady, middie aged man, not known to be given to any forms of extravagance, and living quictly in a modest residence at Hackensack. The surmise is that he has been speculating on his own account with the fands of the firm and has peen unlucky. ‘Phe exact amount of the defalcation will very likely be known Monday morning. The Wall street mind grew feverish after the news of these failures was announced, and no surprige was evinced when on the heels of tae two mentioned came the report that J, Mott & Co,, atook vroker#, Nad Keeleg over, Hair vatisfied the general expectation, as a strong though lurking sen- tment prevailed that the hurricane had not entirely spent its fury, and that some vessels were neces- sarily on the lee shore still, THE RAILMOAD KING. Commodore Vanderbti¢ pat in an appearance for short time on the street, seattering nods here and there as he progressed throagh the crowds, but stu- diously avoiding conversation with acquaintances, “Central’s coming up, Commodore,” a dapper young fellow remarked, as the venerable operator was paddling along towards his offce. “Top 0’ the heap still, my boy,” responded the Commodore, moving on steadily to his objective point. The Commodore's appearance on the street had an encouraging effect, and if Central don’t hold its own in the market it won't be the faut of the man that rales its desti- nies, CORNELIUS VANDERBILT, Life and Career of the Great Steamboat and Railroad King—Early Experiences as a Boatman—Patriotism and Pluck in the War of 1812—Thirteen Years as a Steamboat Captain—Rail- road Operations and How He Came to be Railroad King—The Great Bronze Statue—Personal Life. No more memorable example of what can be accomplished by the simple force of ragged will, allied to @ boldly venturesome spirit which no obstacles can dismay, but which, on the contrary, 18 impelled to more reckless daring as the obstacles are more difficult to surmount, is presented than in the life and career of Cornelius Vanderbilt, He is a self-made man. He Is the astificer of his own for- tunes. The gentus of industry, enterprise, pluck is in him strikingly exemplified. He ts the embodi- ment of a peculiar American activity, that unceasing restiessness of temperament, that all abserb- ing energy of will and determination, carrying every- thing before them by storm, that vaulting ambition that laughs to scorn impediments and makes everything subserve its own purposes, a brii- An Effort to Create a Sensation. One of the twopenny papers yesterday publisned the following:— It is sheer nonsense for any one to imagine that men like James Fisk, Jr., Jay Gould, Belden, Martin, Heath, and others of great shrewdness and foresight, men who had handled millions, would launcd all and more than they peely owned into a speculation that was wholly blind, and which could be bursted to their utter ruin by government interfering with their plans. They made no reckless venture, a8 the sequel will show, They found tn Mr. A. R. Corbin, the brother-in-law of the President of the United States, one who would answer as a cat’s paw be- tween the bull clique of Wail street and Washington. The clique believed themselves secured from all danger of ruin and lows by assurances from Washington that their plans should not be interfered with, This was arranged by Mr. Corbin, Who, as the clique believed. made suudry visit® {0 | ancy of triumph over early hardships and When these arrangements were perfected the clique | 8'ugiea and crowning success of wealth and power without precedent in this country. Immortal as the principles controlling his life Will be the influence and the glory of his example, a bright and imperishable example to the youths of future generations of what can be achieved by good habits, labor, perseverance, unflinching honesty and unylelding inflexibility of purpose. BIRTHPLACE AND EARLY LIFE. On May 27, 1794, at the oid farm house of his father, on Staten Island, near the old Quarantine ground, Cornelius Vanderbilt was born, He was the eldest of nine children, and named aiter his father, His father was a farmerand a hard working man, but somewhat given to speculation and not always successful. His mother was a woman of singular energy and prudence. Once, when through her husband’s indiscreet speculations the farm was very near being sold for a debt of $3,000, she counted out from her unexpected savings the whole sum In gold peices. She lived to be elghty-seven years of age. Her illustrious son always held her in the highest fillal regard, and has been often heard to say that whatever he has been and is he owes mainly to the precepts and judicious control of his mother. Cornelius had no very great predilections for study or books, and, as it was, very slight opportunities presented themselves for gratirying literary tastes or ambition. He went to the common shool for a while, and very common schools they were. The Intellectual acquisitions of common school teachers in those days were grievously limited. Through corporeal infitctions of a ferule or heavy birch or birchen gad these brief acquisitions were imparted. His early scholastic attainments, though, were summed sy in learning how to read, write aud cipher, the latter very little exceeding the rudimen- tary rules, His cuiture was limited to the culture of his father’s farm. His education was learning to help sail his father’s boat, break, ride and drive his father’s horses. His accomplishments were swim- ming, rowing, jumping and other outdoor sports, in which be excelied all his companions. From infancy he was @ fearless rider, is love of a fine horse became an carly pasion. [He rode a race horse in a race when he was only six years old. His predomi- nent passion, however, was a fondness for boaung. The child was father of the man. The ruling pas- sions strong of his subsequent fife developed them- selves even then. He showed also in boyhood those characteristics which have most distinguished him since—the determination not to be outdone by any- ‘—tie power of accomplishing what he set out to do in spite of dificulty and opposition. His father used to carry the vegetable products of bis farm in a 6ailboat to New York, going over in the morning and revurning at night, if the wind and tide per- iitted, Lie made this protitaple by taking over vegetables and fish for his neighbors also. Often Wonk? HET ToT RRND TAN ae SOR became famous for iis skill in handimg a satl boat. ‘There were numerous sailboats then running be- tween Staten Isiand and this city. Where tue Staten Island ferry house now stands was then the beach on wulch-the boats landed, This was aiso the gen- eral boat stand of the city. Young Vanderbiit’s ambition was to a boat of his own. He had fally determined on becoming & boatmen. The thing was to get a boat. He went to his mother. ‘This was on tue 1st of May, 1610—an important day in his history. “Mother, | want you to give me $100 to buy a bdoat,’’ he said to her, coming directly and biuntly to the point, as was ais custom then and has been ever since, “Can't think of such a thing,’ she replied, with equal bluntness, though more yielding, as tue result roved, Peehor t iust have & boat,” persisted the son. “Can't think of giving it up.’” “Well, then, if you must have a boat you must do sometuing to pay for it,” said the mother. “What can I do?” he eagerly asked. ‘On the 27th of this month is your birthday. If by that time you have ploughed, harrowed and planted with corn that field,” pointing toa feild of eignt acres, very rough, tough and stony, “!’ll give you the money.’ “IVs a bargain, Pil do tt.” ‘No boat, mind, if you don’t do it.” “I understand; it shail be done," sald young Van- derbilt. “Mother thought she had the best of me on that elght acre lot,” 1s the Commodore's present pieasant Way of teiling this reminiscence of his boyhood daya, “but i got some boys to help me, and we did the work, and it was well done, too, for motner would not allow any haif way of doing it. On my birthday I claimed my money, got it, hurried off, bought a boat, hoisted sail aud was the happiest boy in the world.” MASTER OF A SAILBOAT. We have now reached the starting point of Mr. Vauderbilt’s career, He was now owner and master of & sailboat running between Staten island and New York, He was sixteen years of age, tail and gracefully formed, agile, athietic and strikingly handsome, physical characteristics for which he has always been conspicuousby noted, This was sixty years ago. New York was @ city of 80,000 peypie. Staten isiand was, for all practical purposes, as Temote Jrom our growing metropolis as are now the far away regious of the Pacific Siope. Staten Islund was only inhabited by farmers and fishermen. No elegant Villus or ptcturesque country seats crowned ‘1s summits and hilisides, Iieasure parties occasion- ally visiting the island considered themselves in the light of bold adventurers. Mr. Vanderbilt's father Was the first one to run @ boat regularly between here and there. He wus the founder of the Staten isiand ferry. {iis son was the one who made it what it is to-day—one of the most profitable ferries tu the world, carsying oflen from filteen to twenty thou- sand passengers in a day. ‘There is only one thing in common between the ferry dn that Gay and this, The boats started from Ui same place then they do now. Young as the subyect of our sketch then was, there was thatin his face and bearing which inspired confidence in him and gave assurance that he was abundantly competcut Jor his work. He was always prompt at lis post. He always accomplished what he undertook. His boat would carry twenty passengers. He was fear- less of wind and weatner. From the first he was successful, Ofteu he worked all night; but he was never absent from his post. He saved $1,000 each summer for the first three years, besides giving ail his day earnings and half his uight earnings to m3 parenis, At that time it was the habit of young men to give their earnings to their parents until they were of age, but at the end of three years he Was released from this obligation. He had some forty competitors, Including the boating business of New York harbor, who, being ali grown men, coud dispose of their earnings to suit themselves, Of all this number he alone hus risen to prosperity and dis- tpction, The reason t# obvious. He came to be Known as the best boatman in the port ; he attended to his business regularly and strictly ; he had no vices, Others spent at night what they earned by day. Not so voung Vanderbilt; he made faithful returns to his parents of their share of his earuings and saved the balance. During those yea’ he added not only materially to the family’s stock of wealth and saved up a snug sum for himself, but achieved four most essen- tial ving of all—habits of industry, self-control, honesty and frugality. Herein lay the foundation of his future success—a foundation deep and broad, and whose superincumbent structure stands to-day firm and immovabie as granite, THE WaR OF 1812. While the war of 1812 suspended the commerce of the port it gave an impulse to boating, and was therefore greatly beveficial to our young boatman, The war vessels in the harbor and garrisons in the port gave him plenty of business, Transporting sick and furloughed soldiers, naval and wilitary officers and pleasure seekers visiting the forts proved also am important source of revenue. Besiaes this he got the contract of carrying provisions to the forts in the vicmity of New York during the turee months that the militia was called out. It was expected that the expedition that had attacked New Orleans would visit this city, and henee the calling out of the militia, ro i# an incident connected with the awarding of this contract that is worth relating a8 showing traits early developed in Van- derbilt that afterwards became prominent in his character. General Matthew L. Davis, command. ing general, had invited bids from the boatmen, aad the stipulatron was that the contractor should be exempt from military duty and liability to being drafted. All the boaumen put in bids at prepos- torously low rates. Vanderbiit put in no bid, “Why don’t you send in a bid?’ asked his father. “It Will be of no use,” said young Cornelius. “They began heavy operations, and purchased gold at 32, 33, 3314, 34, S444, 3454, 35, 36. until last Thursday, when they held $110,000,000 gold. THE FEARFUL BLAZING SUNSHINE. And Mr. Corbin purchased very heavily. He was visited from three to five times a day by Mr. Fisk, Jr., who was the only person with whom Mr. Corbin came in contact during the gigantic operations of last Thursday and Friday. When the high rates had reached the climax which the leaders anticipated they sold heavy at 150 to 156, and large amounts among the forties, while they were keeping up the pia of deception by buying small sums at 165 to MR. CORBIN HOLDS—THE TERRIBLE BURNING SUN- SHINE. While Fisk, Jr., was coolly unlocking his millions and reaping immense forties for the clique Mr. Corbin unfortunately held for higher rates and was caught with milions on his hands when the wild day of last Friday ended. Fearing that Koutwell might have determined to follow up his sale of $4,000,000 with other heavy sales, the clique impor- tuned Mr. Corbin to go to Washington and prevent it. Fisk, Jr.’s, coach was at the President’s brother- in-law’s brown stone mansion at an early hour last Saturday morning. It was there an hour again at noon and again from three to tive P. M. Mr. James Fisk, Jr., was with Mr. Corbin during all those hours, and at nine P. M. Mr. Corbin hastened to Jersey City and took cars for Washington. With him, the HBKALD has stated, he took a certitied and endorsed check for $100,000 in gold. THE STORY 18 ENDED. Mr. Abel R. Corbin and Mr. James Fisk, Jr., have manipulated a scheme at once 80 gigantic that the whole web and woof of our commercial and finan- cial structures have been nearly ruined. Business has been prostrated, homes made desolate and hun- dreds have gone down in the terrible vortex which, but for Secretary Boutwell, would have engulfed the whole country. Well might Mr. Corbin endeavor to hide his hand in the affair. Weil might he tell our representative that the Prince of Ene and the king of the great gold clique had not been at his house for three months when his coach had hardly Jett his door tor days! Fisk, Jr., had watched him, hung guard over him, wielded him to hig will, while is compeers turned the thumb screws upon the Wall street victims. The mystery is solved, MK. FISK’S LAST VISIT to the Corbin mansion day before yesterday was a peculiar one. No wonder that Mr. Corvin reports that he was alarmed when he came, for the Prince of Erie was there to endeavor to compel Mr. Corbin to stand the losses on the millions of gold which are gull held by the ebique in accordance wita nis orders. it was an interview of alarm and excitement on bot sides. Mr, Corbin ig rained wich others if he stands up to bis agreements, and if he does not then the wains of the clique are reduced in just that propor- tion, Mr. Fisk, Jr., and Mr. Corbin have not met since Thureday. The latter was too ill to grant the gold clique hing an interview yesterday, and in his greed he has overreached the mark, brought himself to grief and exposed the mystery of the panic. ‘The intricacies of the revelation may not be known Just yet, but the fearful responsibilities are to be sad- died upon those who have conspired in this unpre- cedented bigh-handed manner. THE PARK. The Crowds and the Music—The Fastidious Grumbiers and the Boys that Never Gramble, ‘There was music at the Park yesterday, and there were crowds of listeners, exclusive of the usual gathering of young ladies and gentlemen who are possessed of more showy clothes than common sense, and who make it a special polnt every Satur- day to walk in couples up and down the Ramble between a double row of “common people,” who gaze at the sight curiously and laugh in their sleeves immensely. There was very little animation about the crowds, however, none’of that happy look which shines out from the countenance of every man, woman and child one meets with in the Park in summer time, and which says as plainly as words can gay It, “We came here for comfort and we have found it.” On the contrary, they had a diasatisiea air about them that made every new comer in their midst sour as the notorious apple tree of war fame before he had got well within sight of the music stand, on his arrival, Not, indeed, that the people who looked at each other askance, and who strutted about nervously as though they were waiting impatiently at a depot for a train that was an hour behind time, were gifted by nature with more bile than most folks are blessed with. Not at all, as Jones, who always smiles on his customers at the corner grocery store, was present with all hia female family done up in red sacks and astounding headdresses, as was Smith, who never said across word in his life to anybody who never dunned him, and Charles Augustus, the exquisite, who laughs at everything he doesn’t understand with a precision quite mechanical. But the light wind that winged its way through the trees and cut the short lives of the leaves shor er still as it shook the branches in its passage and then heartlessly scattered them avout to die far away from their parent stems, was the cause of the general “blues; for didn’t it steal in among the curls of the sweet biondes and threaten to pull them off when they were so deftly fastened together to the natural hair, not to say anydming about its blowing the powder off more than one beauty’s cheeks and reducing velvet-coated gentlemen's jegs to ,very spindie proportions? And then, there were those horrid leaves scamper- ing about, just as though they could for @ moment avert their doom by obeying the wina’s behests with apparent cheerfulness; nor did tt add to the general good feeling when the poor things, a8 if to hide the shame of their downfail, took refuge in clouds of dust that worked their way out of the hard roads among the visitors in some mysterious way not known to the Park Commission- ers, The Park, however, happily has other attractions this season of the year than the booming of a bij drum or the tooting of brass instruments; ‘ands though the winds may consternate artificial cheek bloom and golden locks, and the leaves trip delicate feet and dust clouds drive over the roads, they are always sufficiently fascinating to draw greater crowds than the Pagoda musicians draw, and give a glow fo the cheek that no wind can wipe out in a_ single breath. These attractions are the play ground; aud all yesterday forenoon, when the band didn’t | ay, and all the afternoon when it did its melodious best to be abe, tl were occupied by more urchins with bats and ball than would have crowded to mischies making repletion a half dozen public sehools ; and they were boys who yelled and laughed as only boys cai ind who rolled on the grass and ran races and played leap frog and did all manner of things that amused themselves and didn’t give annoyance to ‘children of a ater growth.’’ Where the gilded Pagoda shone brightly under the sunlight, and where Dodworth did all that lay in the power of hia baton to make his aide of the Park the resort par excellence, were the many that had the “pigea”? and couldn’t await the closing piece— the crowds which the falling leaves annoyed, the dust made fidgetty and the playful wind put in a ut; and, between them and the surplus who found fault with baedg and who wouldn’t have abandoned their game for a hundred bands of music, bedecked with gay equipages, wound the ea Park dividing line between health and fashion. ANOTHER PACIFIC RAILROAD. The favorable nature of the reports received trom the returned surveying parties on the intended line of railroad are such as to induce the stockhalders, who have been in session here several days during the past week, to propose a commencement of the work early next spring. The company have adhered to their orginal intention of placing the western terminus at Puget Sound, but at present intend to locate a temporary one at the head of the permanent navigation of the Colombia river, Arrangements paving been made at Stockholm for the importation of 7,000 Swedish laborers, they are to be set at work on the eastern end simultaneously With an equal foroe of Chinamen on the Pacific side, ‘The terms of the company’s charter oblige them to locate their eastern terminus on the shore of Lake Buperios, are all offering to do the work at half price, and it can’t be done at such rates.”” “well,” insisted the father, “it can do no harm to He putin the bid to please his father, and ata } ign which would enable him to do It at a fair profit. ‘o his surprise, and particularly that of ail the other boatmen, the contract was given to him, After the award he went to the Commissary General’s office to sign the necessary papers. Advancing to the General he looked bim full and square in the face. “Will you answer me one question ?” he asked. “Certainly,” answered the General. “How happens tt you give me this contract when everybody else has underbid me?” “Pil answer that with pleasure. Itis because we Want this work done, and we know you will do it.”” “T shall carry out my part of the contract,” said young Vanderbilt. ‘The only favor I have to ask ig that the daily stores may be promptly ready every evening at six o'clock.” The contract was faithfully carried out. There were six forts to be sapplied:—Fort Richmond, Bedloe’s Island, Governor’s Island, Hell Gate, Ward's Island and Harlem, Young Vanderbilt did all this work at night. He was never absent, how- ever, from his stand in the day time. He slept wey he could, and wheu he could not did with- ous it, We will tell another incident of the war showing his personal daring and patriotism, and tueu harry over this period. In September, 1813, during @ tre- mendous gale a British feet attempted to run past Fort Richmond, After the repulse the commander of the fort, expecting @ renewal of the attempt, was anxious vo get the news to the city, so as to secure @ reinforcement early the next day. Every one agreed that if the thing could be done there was but one man whe could do it, and that this nan was young Vanderbilt. Accordingly young Vanderbiit Was sent for. “f have an important meseenger I wish to send to the city,” said the commandant of the fort, after explaining the case: bin through this gaie? He will risk his life if you will. “Certainly,”? was the prompt reply. ‘My patriot- ism would induce me to go If nothing else; but Pil have to take him part ef the way under water.” ‘The voyage was safely made and the fort was reinforced next morning. #XTENDS HIS SAILBOAT OPERATIONS. He closely adhered to his habits of industry and frugality. built a beautiful little echooner—the Dread. ‘This proved a successful venture. He could carry more passengers and cal rg and he made more money. Shortly afterwards lotte. this vessel, when the sumier carrying of farm produce between {sland and New York was over, he voyages along the southern coast, Teady when there was sometting to be dove of dif. culty and peril. nicest little sailing craftin the harbor and a casa capital of $9,000. GOES INTO STEAMBOATING. Captain Vanderbilt, with that forec: life—saw period of his their destined to lose supremacy. the new and growing power. cessful business he accepted the asmall steamboat ata salary of this city and New Brunswick. derbiit, of whom and his marri: more particularly hereafter. Tul profitable than his command of the steamer. he remained so Yong in this made obvious. gain in allying himseif to the steamboat interest, and, in the second place, he had another point to work for, which was seeing Mr. Gibbons through his difficulties. besides, he protests that to carry his point has always been a stronger motive with him than the simple making of money—a fact that jas more instances than one most clearly demonstrated. The difficulties of Mr. Gib- bons were of this nature. The State of New York had granted to Fulton & Livingston the exclusive right of running steamboats in New York waters. it was atter- wards declared by the Supreme Court, Mr. Gibbons ran his boate in defiance of it, and thus involved himseif in a long and fierce contest with the authori- ties of New York. The brunt of the battle fell on Captain Vanderbilt. For sixty successive days an Leaving his crew, who were also liable to arrest, in New Jersey, he would approach the New York wharf with a iad at his later career Believing this grant unconstitutional, as attempt was made to arrest him. the heim while he managed the engine, As soon $a, vassal was made ‘he would concent himself in the hold, Atthe moment of starting av oficer, who would be changed every day to avoid recogni- tuon, would be in readiness to arrest hum. “You are my prisoner,” would say the ojficer, tapping him on the shoulder. “You are more iike the Captain, ana then order, ‘Let go the line,’* Fearing to be carried to New Jersey, where aretalt- tory act threatened him with the 'Staie Prison, the oficer would jump ashore, or, falling I this, beg to be put ashore, Which request, of course, was In this and other things the 'Vap- tain managed to evade the laws. He fought the State of New York for seven years, until Chief Jus- lice Marshall pronounced New York wrong and New Jersey right. The opposition tiled vainly to buy im off. “No,” replied the Captain to all such offers; “I stick to Mr. Gibvons till he is through his And be did stick, and he carried is polnt; and this was the reason he rematned so long in Mr. Gibbons’ service. After this war was over the genius of Captain Vanderoit had full piay. The politely granted. bi shal troubles.” Mne under his managemeat yielded an anpual profit ‘of $40,000, to $5,000 @ year; bul be deciimed the offer. “| did it on principle,” was bis repiy to the ques- tion why he refused a compensation that was 80 “The other captains bad but $1,000, aod they were already jealous enougia of me. All i have ever manifestly just, Besides, I never cared for money. cared 1or was to carry my point.” ‘Twelve yea found him the possessor of $30,000, thirty-five years of age. business for himsel!. to Mr. Gibbons. him the most spleudid offers to remain. deciined. He wanted a free fleid. Fails, was the first steamboat he buiit. years lis progress as @ steamboat owner was slow. Wealthy companies liad control of the business. ror- midable attempts were mae to run off his boats. He carried his He kept up a keen opposition, point. He compelled a compromisd in each lastance. His most famous opposition was with the Messrs, Stevens, of Hovoken. In this rivai contest he had spent nearly every dollar he possessed. A few more days Of opposition would have compelied him to give up the siriie. it was believed that Gibbons was backing him. This was nocs#o. He had no bac! ‘This evror alone saved him. ‘here is a good deal risk; nothing venture, nothing win, ‘There is more im juck. He carried his point by luck. But tms mattered not to him He carried it, Success now atiended him. Gradually he obtained control of an immense steamboat interest. Like Caliban, by siow toil he nad up to tis ime accumulated his gains. Now the genius in iim achieved tremendous results as by the wand of Pros- pero. Le came to own, in whole or in part, a hun- dred steam vessels. He became the great steamboat king. For jong years he beid this position. in the exciting mes of the steamboat opposition oa the Hudson river, OL Which he was the iront and oifend- ing, he was dubbed Commodore, and the title nas stuck to him ever since. ‘The fonger he remained ta the seamboat business the more enormous became his wealth. He counted nis fortune by quilltons. He became known as one of the richest wen in this country. CRUISE OF THE NORTH STAR. There is that fascination about the life of Vander- bilt that makes one love to linger oo the details. Our great diMculty 1s being obliged to condense into two columns facts which would fill a volume, Tue latest events in lis career are well known to the Public, and in view of our limited space, we shall do litcle more than reierto them. very one remem- bers his pleasure cruise to Europe, in 1863, in nis own steam yacht, the North Star. It was the first cruise of this kind ever undertaken from this country, snd in its detail and magnificence far exceeded anything of similar character ever rot up by the wealthiest crowned heads of Earope. here Was @ lurge steamer to start with,, having 200 feet Jength of keel, 270 feet length of spar deck, 38 feet breadth of beam and 28 feet depth, and her Mmterior appointments were of the most superb description. He took out a regular family party—bis wife, his sons and their wives his sons-tn-law and their wives, aud others connected with the family, altogether numbering twenty-three pereons. Toe yacht left her — May 27 and returned September 23, having een gone four montbe. In this time they went by steam 15,000 miles, going first to Southampton, memorable as the place where Heury V. set sat! before his famous victory at Agincourt, and the last piace at which the Pilgrims stopped before their de- parture for this country, They ,were here feted by the Mayor and civic authorities, and in rewra tbe Commodore treated his entertainers to a sail in hig yaont around the Isle of Wight. Thence passing through the Straits of Dover into the North Sea, stopping temporarily atthe Hague and other Intermediate piaces, they receeded vo the north of Denmark, through Skager Rack and perilous Catvegat, and before entering the Baltio tarried a few days at Copenhagen, the seene of one of Nelson's greatest naval achievements, ‘Crossin, @ Baltic vo the Guif of Finland they paid ing visi to St, Petersburg ana Mcscow. The pleasantest part of the trip was up the Mediterranean and their visits to Naples, Florence, Rome and other Ttalian cities, There to track Fall’n States and buried greatness o's n land Which waa the migntioat Ih ils old command, And {a the lovebiost, aod must ever be Tho master mould of nature's heavenly band, Wherein were cast the berole and 7 free, The beautiful, the brave—the lords f earth and sea, And they visitedjAthens, the mother of arte, and ; ‘will you undertake to take From his accumulated gains he first @ built the Char- She was a mode! of beauty and speed. Io travel and Staten made taxing ont and bringing back considerabie freignts trom the Southern Atlantic border State:. Knowing the coast thoroughly and being one of the boldest and most expert of seamen, he and his vessel were always tn 1818 he possessed three of the it of vision of his—that essentiai element of genius that has never failed to assert itself at every important epochal that sailboats were Hieven years had passed since Fulton’s experimental trip up the Hudson. He resolved to ally oimself to Abandoning bis suc- ost of captain of 1,000 ayear. At that day passengers to Philadelphia were conveyed by steamboat from New York to New Brunswick, where they remained all night and the next morn- ing took the stage for Trenton, whence they were carried by steamboat to Philadelphia, For twelve years he commanded the steamboat running between The steamboat was owned by Mr. Thomas Gibbons. The hotel at New Brunswick where the passengers passed the night was at the same time given in charge of Mrs. Van- e we shall speak proved more why ition will soon be in the first place, he had a point to Y prisoner,” would respond Mr. Gibbons offered to raise his salary ’ service as captain of a steamboat and the net profits of the hotel at New brunswick He was now He deiermined to set up in He announced tis invenuoa The latter deciared he could not carry on the business without his aid, and made Hie firuuly The littie Varo- line, seventy feet long, that aiterwards became additionally historical from plunging over Niagara Vor several sailed up the Bosphorus and stopped at Constan- tenople and Modina, and in fact at all the leading historical ports and cities in Europe, Everywhere they were received with the most diatinggiied consideration. Every one remembers—and the fact Will ever stand forth a beautiful record to his memory—how on his return his first salute was to ne cottage of nis venerable mother on Staten land. HIS NOBLE GIFTS TO THE GOVERNMENT. Fresh in eternal remembrance of every patriotic American througn ail coming time, will be the gits by Commarore Vanderbilt to onr government of the nobie steamer bearing his name. It was at & most critical period in the late war. The rebel ram Mer- rimac had made @ foray down the Elizabeth river and destroyed off Newport News the naval United States frigates Congress and Cumberiand, Her reaperance was momentarily expected, our nayal fleet and transports were threatened with destruction at hehands. Fort Monroe, with tts parapet bristling with monster guns, was in trepri- dation. Commodore Vanderbilt came to the rescue, and gave hia steamer to the government. President Lincoln, the Secretary of War and the Commodore were on board. expecting the Merrimac to show herself and anxious to meet ner. The aq rimac did not come, but the gift and the patriotic motive prompting it were the same, Congress, a8 18 Well Known, showed its sppreciasion ef the gift by voting him agold medal. This medal is three inches diameter, one-eighth of an inch thick and weighs six ounces. On one side is the Commodore’s likeness, and underneath the woras, “A grateful country to her generous son.,’ On the other side are representations in bas relievo in the foreground of the Goddess of Riches and the Goddess of the In the background ts a representation of the steamer Vanderbilt. More valuable to the Commodore this medal than atl his scrips of stocks. Something more precious than a steamship Com- modore Vanderbilt gave to the country, He gave his youngest son, Captain Vanderbilt, in manly height, grace of form and strength, the exact pic- ture of himself in his younger days, He was @ raduate of West Point, and one of the most prom- sing young men in the army. The fatigues and miasmas of the Corinth campaign planted in his magnificent frame the seeds of death, He died, aa is well known during the war. COMMODORE VANDERBILT AS THB RAILROAD KING. Several years ago Commodore Vanderbilt began withdrawing his capital from steamers and invest- tng it In railroads. He is now the railroad king of this continent. He owns more ratiroad stock than any man in thisyountry. He owns nearly the entiee of the Hariem Ratlroad. He is controlling owner of the Hudson River Rauroad. He has a large controlling influence in the New York Central. He owns nearly ali the New Jersey Railroad. It is useless to undertake to give the extent of nis railroad dominions. He has had to fight battles in courts and out of them. In almost every Instance thus far he has succeeded in accomplishing taat great stirringpurpose of his life—carrying his point. HIS WEALTH AND SECRET OF SUCCESS. He is unquestionably to-day the third richest man in this country—Mr. A. T. Stewart and wm. B, Astor only taking precedence of him. Nothing 1s more remarkable than the ease with which he con- ducts his extended and complicated business, With an estate of many millions to manage he keeps scarcely any books, but carries all his atfairs in his head and manages them without the last apparent effort or anxiety. Like Mr. A. 'T. Stewart, he possesses the marvellous power of leaving his business in his ofiice and never thinking of it during his hours of recreation. “What Is the secret of your success?’ a gentleman asked him not long since. “There 18 no secret about it. All you have to do ig to attend to your busiuess and go ahead.” “And that’s all?” “Except one thing, and that 1s never tell what you are going to do till you have done it.” GRAND TRIBUTE TO HIS SUCCESS—THE BRONZE STATUE, Avery positive admiration of the appreciation of his success is the subscription by admirers of the Commodore of over $250,000 for the erection of the colossal bronze statue avd allegortcal bass relief soon to be unvelled to the pu lic gaze trom the height of the mammoth Hudson river freight depot, on the former site of St. John’s Park. the description of this statue, and how in bass relief 1s to be illustrated the career and achievements of the Commodore, have been fully set forth in the HeRavp. It is a splendid work of art. While Lon- don and Paris and the leading cities of the old world have statues erected in their public places to erpetuate the deeds and memories of those who fave achieved signal reputations as military or naval commanders, or In the fields of commerce or letters, or the arts, our city Is totaliy deficient of these tributes to commanding genius. There is none more deserving of such @ tribute than Commodore Vanderbilt. He is the exponent of business pros- perity and success in the New World. The statue tn ‘the grandeur of its conception and design and io its colossal proportions 1s worthy of his fame and his memory. But such @ monument should not be allowed concea!ment and obscurity in a freight raul- road depot in a@ part of the city where but few of the people ever go, and where strangers never find their way. The onty fitting place for it is within the pre- cincts of our nobie Park, where everybody goes ana where everybody will see it. It is to be noped that the measures in progress to have it piaced in the Park may pe successtul, It will be a perpetual biograpnical sketch of the Commodore. The millions visiting the Park can here read this sketch and drink in the grand lessons of tis teachings. PERSONAL LIFE. We must crowd the Commodore's personal tife into a few lines. Ue married Miss Sopa Johnson, the Gaugiter of a neighbor On Staten Isiand, when he was nineteen. ‘Thirteen children, nine sons and four daughters, were the fruits of this marriage. At the celebration of his goiden wedding a few years ago about 160 of his descendants and relatives assembied at bis house. On that pleasing occasion he gave his wife, as will be remembered, a beautifal littie golden steamboat, with musical works, instead of an engine—eimbiemanical at once of his business career and the harmony of his home,, She died @ iltie over a year ago. She was a most worthy and estimabie lady, and matertally assisted in building up her husband’s great fortune. His second wile— his present bride—came from Mobile, Ala. sve belonged to an aristocratic family, which before the war was quite wealthy, but through its effects was reduced to poverty. She was formerly married, but on grounds of incompatibility of bag sof obtamed @ divorce from her husband, After that she hved alone with her mother, and, being reduced, took schoiars to insuruct in music. Sue also her maiden uame of Miss Frank Crawford, by which name she was married to the Commodore. She 1s said Lo be talented and highiy accomplished, though not very beautiful. Her age is said to be thirty-four, lt was not altogether a May and December wooing, although the circumstances of the wedding go to show that we old Commodore acted as he always has through life—on his own judgment—and that his success here was not te‘ling what he was going to do until after he had done it. However, the Com- modore, though now having completed his seventy- rary is: has al the vigor of ordinary men at the age of fifty. He stands as erect as ever, still has @ rosy complexion, and the wrinkles of time are searcely nouiceable on his broad and manly brow. AS is Well known, he keeps some of the tinest and fastest horses in the city. Every pleasant alternoon he may be seen driving inthe Park, and his talt figure 18 almost always prominent at exciting races. He has never dabbled in polities, and some years ago came out ina very wrachful letter because it was intimated that one of Mis sous was seeking an appointment in the Treasury Department. He isa jovial companion and a lover of # gvod game of whist, @ good dinner, a good crgar and a butte of good old port. He dresses plainiy, generally in black, and has a weakness for white cravais, but there is nothing ministerial in his conversation or bearing. He does not go much to churches, and no one ever 8ces MIS hame on a subscription paper, or ever will. In his chafities, which are numerous and liberal, he exhibits the reticence which marks hits conduct as a man of business. He despises cant and hum- bag and pretentious show. His career, of which the above are only the leading points, Is one wuich young men may study with proiit, MURDER AT SAUGUS, MASS. A Dranken Husband Kills His Wife witha Pair of Clamps. LYNN, Mass, Oct. 2, 1809. This section of the State is having its share of the murder crop. A few days since a miserable pair of creatures, man and wife, strolled into the town of Saugus, and, after a good deal of inquiry, they gave the name of Farrar. The woman told the people that her husband was sick and that she wanted some medicine. The husband, however, being troubled with a mataral sickness, wi labor- ing from the effects or a protracted de- bauch. The twain seid they were from Bos- ton and wanted to get into an atmshouse where they could be cared for. On Thursday the man and woman remained in the town; and between seven and eight o'clock that evening they had some didiculty which culminated in Farrar serving @ pair of clamps with which Le dealt his wife Mary several fearsut blows on her head, prostrating her. The brute Was soon after arrested and put in the lockup for examination. Farrar 16 an Irishman, forty-five Years of age, and his wife was one year lis senior, She died yesterday from the effects of the assault. The murderer was undoubtedly suffering trom wae tremens the thine the act Was com- mitted. INTERNAL REVENUE, Important to Liquor Dealers=The Use of Standing Casks Prohibited, The following decision has been made by the Internal Revenue Department:— TREASURY DEPARTMENT, OFPICE OF INTERNAL REVENUB, WASHINGTON, September 30, 1560, Str,—In reply to your lettertef the 28th inst., ask. ing if the letter from this office dated September 10 inst, to B. N, Meads, assessor, published as you say, im volume 10, pt 98 of the Internal Revenue Kecord, is intended to entirely hibit the use of standing casks by liquor deal- ers, you are informed that such is the inten. tion. | This prohivition is not intended, however, to include vessels containing less than five gallons, ag bottles, decanters and demijohns, used by retail dealers. Stil an unnecessary number of such yes. sels found upon the premises of a retall dealer will be a circumstance suficiently suspicious to call for 4 close observation of the premises. Very reapect- fully, bb so GIVEN, Deputy Commitssionr, GORDON Forp, Collector of strict, Brooklyn, N. y, baits