The New York Herald Newspaper, March 28, 1872, Page 4

4 ERIE IN ENGLAND. Tho News in London of the Fall of the Fabric of Fraud. COLLAPSE OF THE ERIE RING. Prompt Action of the English Sharcho!ders. JAMES WHENRY’S CIRCULARS. Financial Swindlers Sharing the Disaster of Their Political Allics, OPINIONS OF THE LONDON PRESS. The steamship City of London, which arrived at this port yesterday, brings us flies of the London papers in which the first announcement of the col- lapse of the Erie Ring 18 given to the English public. As might nave been expected the sensation created by the news was as great as it was unexpected. The lollowing is fromthe money article of the London Times, of the 13th, announcing the news of the vic- tory over the “ring:’ The tinal news of the rescue of the Erie Railway— @ property in which European tavestors are inter- ested to the nominal extent of ten or twelve mil- lions sterling—from the hanas of one of the most audacious criminals in financial history, has been the Bole topic to-day mn the Stock Exchange. The traus- Acuons iu the shares have been of great extent, and, notwithstanding numerous realizations on the ioe of recent speculative operators to secure prof- its, @ furtner rise of $1 per sBare bas been estab- ished. It 18 now only ninety days since Mr. McHenry and Messrs. Bischoffsheim and Gold- schmidt announced their proposal to wrest the line back to its proper owners, and the victory appears to have been complete, in the face not only ol over- whelmiug means of corruption on the other side, but also of a covert powlliy even in London on tne part of persons who unwittingly have acted as ailies of Mr, Gould, At @ poard meeting in New York yesterday we result of the operations was de- veloped by the resignation of a majority of the directors (nine out of seventeen), the removal of Gould, and the installation of ten men of high stand- ‘ag to fill tne Vacancies. ‘These are General John A, Dix, laieé United States Minister at Paris, who will be President in the piace o: Gould; General McOlel- Jan, Colonel H. G. Stebbins, chairman of the Central Park, and iate chairman of the Committee of Sev- Paty, vader whose guidance the Tammany Ring was broken up; Watts Sherman, of the banking firm of NEW YORK HERALD, THURSDAY, MARCH 28, 1872.-TRIPLE SHEET. Fisk paraded his splendor and nis the face Of @ world half shocked aud Bait samuse at the spectacle. But neither the craft of the one nor the cynical effrontery of the other was able perma- nently to defeat the claime of justice. A great deal will be borne in New York, but tor some time past it was evident that the end was at hand. The long- suffering respectable classes were slowly rousing themselves for a revolution. On every side it was declared that things were becoming too had. The frauds of Erie were ooly one development of a gen- eral corruption apd a faced tyranny of swind- ling, whicn threatened every institution in the State, It was well known that the malversations of the Erte Railroad were in close connection with the plunder of the city, Fisk had nis friendsin the municipality, whose Influence on the city judiciary and even on the State Lezisiature was invaluable to him, and these he rewarded by positions which evabled them to share im tne spotis of the railroad. This alliance, which was long his strength, has at length brought overthrow to thoae he leit bebind him, The frauds of the municipatity became so enormous and threatened go indefinite an increase that the citizens were forced to action. As the planters of Arkansas or Texas, goaded by tne depredations of a gang of horse stealers, might form themselves into # vigilance committee or a band of “regulators,” so tue citizens of New York at last leagued themselves agalnst Tammany. Tam~- many fell, and the movement, once begun, could not end there, The tide of purification ts sullin full flow. For a tong time the British shareholders of the Erie Railroad have been Taking eorts to obtain that justice which we are accustomed to think Would not be refused by the most turvutent Spanish republic or the most €tfete Oriental despotism. In the Kmpire State and its splendid capital they labored in vain, They were told by friendly advisers that their agents miczht as wel! go home again, for if they could not come to an understanding with the potentate who ruled Erie, and accept wnat he chose to give, they would only throw ood money aiter bad. ‘The original assallants of the Ring are, indeed, asserted to have despaired. and seem to have been nov unwiling to enter into some sort of com- promise with Mr. Gould; but the spirit of Tesistance to @ most dishonest tyranny, once | awakened, was not likely to become dormant, } aud it bas been at last rewarded, The revo- lution has come and the Erie Ring has been broken up. It 1s announced that General Dix is now Presl- dent and General McUlellan Superintendent. Mr. Sherman, of the well known firm of Duncan, Sher- man & Co., 18 Treasurer. The Gould party 1s de- feated, and is supposed to be powerless, Our correspondent telegraphs that General Dix has the adhesion of nearly all the subordinates, the poases- 8100 ot books, papers and moneys, the control Of the railroad, and a@ materiat pledge of victory in the possession of the greater part of the Erle oitice, This last announcement will appear strange to Englisn readers, but tyey Will probably recollect similar occurrences in tne history of the Erie line. Once before the battle Was fought at the same time in the Qourts of the City Judges and before the gates of Fisk’s strong- hold, ‘That energetic personage, deeming that pos- session was nine points of the law, aud that any sensational element which could, moreover, be in- troduced tnto the business would do nim good in a Place where notoriety 1s poputarity and popularity power, once stood a siege; and it now appears that the more quiet and decorous Gould has been dis- josed to try the same tactics. It 1s not probable, owever, that any real resistance will be offered. The mecting was ‘noisy aud disorderly, but the de- cision was not the less trresisuble. It would, indeed, be a bold thing to predict that the resources of Gould and his friends are atanend. They may, and no doubt will, make an effort to regain power, and for this purpose they will use every device which the law gives them, Bat aH, OF 10 \we may look with confidence for their final Davos, Sherman & Co.; William 3. ‘Travers, & | overthrow. ‘Ihe feeling of the whole community 1s b heed pan ker, survivor m the iate frm of | against them, New York is weary and disgusted (aoe ‘avers; S. L. NM. Barlow, of tne | with the scandals of recent years, the mercantile Pie rie oe Barlow, Larocquo & MeFar- | world thinks of its endangered credit, and the most le iy iven, who several years ago | unscrupulous are disposed to admit that honesty is as Vice President of the Erte Railway; | the vest policy. AS we are only concerned with the Charies Day; another, Whose hame in the telegram Is not clear, and, finally, it is said, John Jacob Astor. Mr. Watts Sherman 1s to be the ‘treasurer in New York, and Messrs, Bischofsheim and Gold- Bobmuit have been appolated London agents of the company. Simultaneously with tis movement a Dommitiee of tive has been appointed here to act ks direct representatives of the English sharehold- ers—namely, dir H. L. Bischoffsieim, Mr E, i. Green, of the London and San Francisco Bank, and late of the firm of Russell, Sturgis & Co, in China; Mr. Jonn stewart, of the as Ottoman Bank; Mr. Gison Homan, vice President of the Great Western of Canada Rail- ‘way: aud Mr. A. de Laski; the whole being persons of unguestionavte infueuce and position in the best city circles. Mr. H. P. Sharp, of Gresham House, who in London has acted as legal adviser throagh- out the whole proceedings, wi'l continue his ser- vices in that capacity. It appears that to compiete the ejection of Gouid, yesterday, the 1aterference of the New York police was necessay, and it 13 be. jveved that criminal proceedings are to be instituted Bgainst him forthwith. Meanwhile the annexed document has been issued yy the old Ene Protection Committee, a boay wuich as expended between twenty and thirty thousand pounds, subscribed by the shareholders, and which, After having faued to prevent the issue of 10,000 shares created by Fisk and Gould, to replace the ime number of stolen shares, lately agnounced hat tney entertained hopes of being abie to do mething ‘in the spring,” and who, in waiting for he repeal Of the ‘Olassification acv’ in Jaly would have given Gould three months further power to aquauder all Khe resources Of the line. ‘They now express their ‘regret’ at the triumph which has Caused the great incvease In the value of the prop- erty of the shareholders, and seem to Indicate that they will use their best efforis at the earitest mo- tment to prevent them {rom reaping any advantage from il. Looking, however, at the aggregate force pt their efforts during the past three years, it would hot be wise in Mr. Gould to rely upon their being of much uid to bimin any attempts ue may yet make ko recover trom his fall:— Ente SHAREHOLDERS’ ProrectioN COMMITTEE, 60 THREADNEEDLE STRERT, BE. C., March 12, 172, i Sim—My commitiee have this morning received the follow- ing telograi trom their agent at New York :— "Nine original Erte directors replaced. Substitutes mainly tlantic and Great Western. Goud reduced, but remains jasuisication act expected." although they long fcreseen that a combination of this na‘ure would be attempted by the Parties interested in the Atlantic and Great Western Rall way thev have been poweriess to prevent its being carried into eifect. They trust, however, that the bill now before the slature wiil be speedily passe, will be held in Juiy, at which the/stiarebolders will be abie to decide for theinseives to whom the management of the line shail be entrusted. 1 am, sir, your obedient servant, . A. MICHAEL, Secretary. With regard to the telegram quoted in this note, it Is necessary to state that, so far from the “substi luies being mainly Atlantic and Great Westeru” nominees, it is believed that only three out of the teu persons numed are in any Wav connected with that undertaking. In any case, whatever line or lines they may be connected with, their known btanding 1s such as they mignt expect would pro- tect them irom insinuations that, m order to serve one interest. they would be disiouest to anotuer. Of the committee appointed here, with the oxcep- tion of Mr. Bischottsheim, not a singe member has ever been mixed up with the affairs of the Auanuc nd Great Western. In consequence of the telegrams received to-day the folowing circular has been addressed to the Erie shareholders by Mr, McWenry, Great as has been the service rendered by him and another gen- tieman to the English snareholders, they have ren- dered still more service to ther own couniry by re- deeming it irom the most disgraceful stain that or threatened to fastea itself upon @ commercial nation: To THE SHAREHOLDERS OF THR ERIE RalLwax Com- PANY :— NY: GENTLEMEN—On the 12th of December last I jasned a cir- cular, asking for your support in rescuing your property from the acandaious position in which it had been allowed to re- main 60 long as to become # national disgrace, deatractive of the credit oF all American enterprises, Uutimehingly sup- ported by Messrs. #ischoilshiem and Goldschmidt, and acting wader the legal advice of Mr. H. P. Sharp, in London, I have, Within tree mouths, through the extraordinary energy ai intelligence of my New York frienus, succeeded etn, the line in” the hands of = Board. ot. Directors. o tue highest social and financial position. I from the London Committee, has been formed for the serious management of your inter- Under the guidance of this committee the revenue of the isrie Ratlway will be fostered and faithfully distributed, &ud its enormous resonrees honestly developed, from my brief, but eventful connection with Erie al Luly saiisiou that hereafter the Atlantic and Great Western Railway will receive all prover support, whiie maintaining its complete lodependence from the Erie Company. Tam always your faithfui servant, Loxvox, March 12, 1872. JAMES MOHENRY. Fouxpzxs' Count, Loruuury, Lonnox, E. C March To Tur Suaneno1. Daten? The vniersiened 1 @ uniiersigned have, by request of many large holders of Erle Kuiway taken to. act nd a committee 10 represent the I: European shareholders, and Sitimarely to jos { Directors. In order to Sosure the compicte ation of the company upon @ sound and permancic basis ft is considered de- sirable to place in the handy of the committee the shares of the company, to be re nied by certiticates, which will be given in excha is course is necessary to insure the transfer of a Majority of shares to the nemes of the committee for the provection of the pro- prietora, who have neretolore been exciuded from any cone trolin the management of their property, The committees ave been advised by cable that the following gentiemen of the highest position “of respectability und financial strength have been elected directors, and have taken their veats at the ‘OM Board :—General John A. Dix, General George B. Mi: J. Astor, 8. L. M. Barlow, Colonel iven, Charles Day, Watts Sherman, Wit D. Lanier, General Diz hae been elected President Watts Sverman Messrs. Barlow, Laroque and Me Bischoifsheim and Golaschmidt, agents in London. Gould bas been removed and F. A, (Duncan, hare certificates should ommiltee earnestly requent that the Emmediately be ‘Golgehimidt by 1 feposited with M. harebolders to1 who wili ins re thelr cer iticates in ex- yn the bx ie shares josoribed in ‘rusting to receive his support by proxy. Your obedient servants, i. L, BISCHOFFSHEIM, ALEX, DE LASKI, KE. H. GREEN, JOHN STEWART. GILSON HOMAN, Opinions of o! the Erie Ring. ‘The London Zimes of the 13th inst. leads of as | Erte Ju Jollows:— The monstrous fabric of fraud erected by what is known as the Erie Ring has collapsed. Had James Fisk lived the catastrophe could not have been jong | invaded Gelayed, but nis deato has undoubtedly quellea the Courage Of his associates and given new vigor to the He was the representative, but not the enemy, nt Sherman & Co.), Treasurer; jand, counsel; Messrs, Jay Lane and a majority of | ‘their associates have resigned, The London committee ji be eiected directors as further vacancies occur. The irs. Bischofishelm & ego! in the names ply for their quotation any shareholder profer own name the committee will ave the transfer made free of expense to the proprietor, | deliverance of the railway from the gang which op- | pressed ana plundered it we shall have notuing to Say to any differences Oo! opiuton with respect to the measures which have been adopted ior overthrowing | the Ring, or with respect to the future managment of | the enterprise, The present arrangements may pe | more or less provisional, and the measures now | before the New York Legislature will, no doubt, give the shareholders an opportunity of expressing | thetr Geliberate opinion and entrustipg the manage- | ment of the railway to persons in Wuom they have | confidence, Tne chiet point is that by a resolute | and well-timed movement the majority of the old directors have been forced to resign, and that their ) successors, together with the better disposed of tne | olu list, are entirely in favor of doing jus ilee to we | Baguah shareholders and carrying on the enterprise onestly, This incident has almost a national importance, for there can be no doubt that the audacious prac. uces of the Erie directors injured the credit of all American securities. It 1s aifMcult for foreigners clearly to distinguish between wnat is sound and unsound in a country so new and changing as the United States, and cautions peuple mignt well argue that 1 other companies were Dot so provligate as the Erie Company there was nothing in the nature of American institutions—and especially of New York institutions—to prevent them from be- coming so. indeed, the pictures drawn by New Yorkers of tneilr Legislature, their Judiciary, and the mercaniile doctrines | and practices ot thelr citizens, were enough to sober vhe most sanguine speeulator whom a good re- tarn for nis capital ever attracted. Cousidering the revelations of the last twelve months, it would be too much to say that the descriptions of public cor- ruption have been overdrawn; yet it must be owned ; that the critics have been suficientiy outspoken and unsparing, Weare apt to consider that Eng- ligumeu are of all mank: the most disposed to muke confession aloud in the presence of all the world, aud it is perfectly true that if a defect, great or small, is to be ‘ound in English society, it 1s sure to } be trumpeted forth by one of ourselves, ‘rhis trait of British character the Americans of lute years have been disposed to borrow. Their press has teemed with self-accu-ations; orators and preachers nave assumed that a growing corruption is threatentn: the country Hike @ gangrene. Whatever the trut! of these assertions they could hardiy be contra- dicted so long as one of the chief enterprises of tue country, involving millions of money, was noto- | rlously under the management of a set of swind- | lers, betriended by @ suspected Legislature and a more than suspected Judiclary. ‘The revolution Just effected will tend to restore confidence in American enterprise, ana thus to make a@ real addition to the resources of the country. It gives reason to hope that @ more conscientious public opinion has been awakened which will ‘awe both legislators and officials into decency, Thus already 1t 18 announced (hat, after an unex- ampled contest, the Standing Committees of both Houses of the Legislature at Albany have reported in favor ol the repeal of the Classification act which prolonged the authority of Gould, and the bili for granting plenary powers to the Attorney General of the State for regulating the affairs of the Erle Rall- way. ‘the influence which has produced this change at Albany will be equally effecuve in restraining the abuse of legal proceedings, and we may hope that tf ever James Fisk, Jr., finds ® biographer it will be related of him that he was the last man who ever kepta New York Judge to legalize his mal- practices. The London Standard of the day following opens tg columns in the folowing way:— ‘The last news from America 1s significant, | overthrow of the ime Ring’? has, as was | rally anticipated, followed the downfall of many; the The ene- fam- luancial swindiers haye shared the ais- aster of their poet allies. It is possible that if Mr. Fisk had lived the struggle might have lasted much longer, though it is hardly conceivable that its ultimate result should have been diferent. James Fisk was the only man who could have fought the battle to the end by the same tactics whicn had enavied him to maintain it so long; by a total disregard of law, opinion and morality, an utter contempt of consequences, a profound in- difference to the means, and @ determination to uso whatever methods—violence or treacherous, vecht- cally, legal or outrageously criminal—would help him to hisend. Gould is said to have more thun Fisk’s brains, and not less than Fisk’s unscrapu- lousness; but to be wanting im the magnificent audacity, the absolute recklessness, the im- perturbable impudence, which enabled his coadjutor to prevail over any antagonist fettered by that respect for the forms of order and of decency which is rarely absent from the minas of civilized scamps, however daring and how- ever immoral. @ may have shrunk from positive and open deflance of the law; from a re- course to physical force under circumstances which inight expose him, if beaten, to the extreme penal- ties of the law. Anyhow, he is beaten at last; and | Erte has fallen into the hands of two of the most respectable men Who could have been available for the purpose, General nx and General McUlelian. It is characteristic of America that military men are very generally preferred ‘or the management of | great undertakings, involving the control of large | bodies of men, aud have on the whole @ higher reputation for personal honor than is accorded to any other class. So ends, wo trust, the story or the Erie Ring. How strange that story was our readers remember; we need not enver into | the details of ils complication of swindies, | The operations of Gould aud his iriends began in a struggie Wtth Commodore Vanderbilt forthe con- trol of the jine, In which they were triumphant, bv | means which in England would have brought them to the Old Batley. As they had begun, so they went on. They manufactured stock at pleasure; sold it at their own prices, and used the proceeds for their own purposes. They obtained control of the Legisia- ture at Albany, abd “engineered” through both Nouses a bill which practically gave them perm: 4 | hent and irresponsible control of the Erie Raliway. ‘They were attacked by shareholders through the machinery of the company; but their irauds had given them a majority of votes, and their posiuion as durectors enabled them to prevent meetings and to work their own will with all tts property. Tney were attacked through te courts of law; Sut they had judges in their pay ana were able to meet in- junctions and judgments and appointments of re- ceivers With counter injunctions, dissolutions of 10+ Junctions, counter appomtments; m short, they could dicvate whatever decisions suited their pur- and every attempt of the unbrived juages to London Press on the Collapse punish or control them was checkmated by tne equal authority and greater audacity of the aidd ges. rom Weir stronghold in Erle Gould and Fisk, who had got rid of some of their original Colleagues, and Were now the acknowleagea chieis of the conspiracy, attacked other in- stitutions. They bought an opera house. They @ branch railway; and were beaten only after @ conflict of Jurisdictions which disgraced tho State judiciary, and compelled the government to interfere, and'an actual collision of armed forces rime mover, of aschewe which for audacity and | Woich brought the State authorities and the State uccess 18 unequalled in the history pantie dishonesty, The master spirit uierprise was Mr, Gould, who ary Oi Lae respectable busivesmlike partner, While of mer- | militia a a the famous “gold corner,” ape puping nen entre atoc in Wall street, auld jon izea the up the 80 forcing on the scene, wo take forcible of the disputed property. ik of aod @ conspiracy the Presidea’s at te last pecwators which ruled New York city, and Which, under their inspiration, plundered 1t to the extent Of many millions by charges of the which, upon most monstrous desert the face of the matter, were fraudulent, and threw all previous trauds into the shade, At last the re- spectanle citizens rebelled against the misgovern- ment, the jobbery, the robbery, the giganuc sysiem of plunder to which they were subjectea, and after @ sharp struggle the principal offenders were evicted from office and threatened with uuon. Erie began to embie, And just at this moment Fisk ‘Was assassinated by & man whom he had perse- cuted, by means of his hired judges, till bis victim Was driven mad; and with Fisk perished the true strength of the conspt that had done so much mischief and set so signal an example of splendid and successiul swindling. ‘Tne final fall has not been siow to fallow. Some useful nints may be drawn from its history, one of which Lhe Spectator last week euforced wiih good reason, following the line taken by Macmillan on the same subject, Tne Erie Ring was possible only because New York had a corruptible judiciary; and New York had a corruptible judictary because the judges were so ill paid that no successful bar- rister would accept @ seat ou the bench; because, being elected for short terms, some of them were political partisans and needy adventurers, because they hela so ow a position in social esteem that they had neiner character to lose nor authority to assert, 11 the wniserable stinginess winch the liberal Darty has recently displayed in regard to judicial &ppointments mean anything more than the usual parsimony of shortsighted cheeseparers; if there Tealiy be, as the Spectator suggests, a wish to lower the status and emoluments of the bench, an idea that judicial work might be well as done by a mul- titude of cheap local ollicials, investea with boih equitable and legal jurisdiction, we cannot too early protest against chis abominabie tolly, and Teomind the puolic that this 1s the very system which has veen realized in New York, and has made it possibie, and for a time customary, for swindiers to retain judges exactly aa im England they retain ‘the lowest class of attorneys, It is necessary that judges should be raised above the very suspicion of corruptibility; should hold so high a standing that none would dare to bribe tnem, be so rich that none would dream of briving them, so independent that neither wealth, nor rank, nor political power can either In- fluence or even be supposed tu influence them. And this, underpaid men, taken from the iower ranks of the bar, never can be or be thought. As our con- temporary shrewdly remarks, the bad repute of the New York judiciary will cost the Stave, i the de- prectation of its securities alone, more millions than It can save thousands in the diiference between the highest Englisn and the lowest American rate of sularies; and such disrepute, in England, would be simply rumous. ‘Lo ‘a commercial country 1¢ 18 of the first importance that tts Courts should be above the faintest Suspicion; that not even a breath of siaader snould taint the purity of vaelr character, the impartiality or the authority of their judgments; and, to secure this, We must OUfer pay and position that will not ouiy give us the best men of their day, but enavie those men to maintata a social rank that will com- mand deference from the entire society whose lives and property are subject to their judgments. Anotner lesson 1s the inefficiency of democratic Institullons for carrying out the will of the true people—the honest politicians of all classes who have an interest iu puolic aitairs, and reaily care Whetber they go well or ill, ‘the power of party organisation, of corrupuon, Of political dishonesty of all kinds, enavies a gang of adventurers, ouce in power, to hoid on for years in defiance of tne disgust and contempt of ail that Is respectable and honest in the community subject to their sway. ‘Though the respectable party seems at last to have triumphed, we must not lorgel that che punishiuent oi the Tammany King for downright peculations to the amount of more than £3,000,v00 is extremely douvtiul, and that almost to the last honest menu despaired of victory, and believed that it would ve necessary for the State to deprive tae reatest city in America of its municipal liberties, in New York We see uDiversal suilrage as 1b Wuuld be in a furepean clty—in a community of the usual commercial stamp, With vast wealth, Vast masses ol hopeless poverty, & minority of wealthy taxpayers and @ majority of poor tax-makers and tax-dis- pensers, The majority have no interestin economy, but rather in extravagance; the minority have no power to entorce it, Taxation and representation are virtually severed, and tne result is “tyranny.” The London News of the 13th thus comments:— * * ®* Erie has followed Tammany; the despotism which held apsolute sway over tne cluef railway system of the State has been overtnrown as sud- denly as that which possessed and farmed the re- sources of the sa itis hardly premature to ex- tse the belief that the English sharenoiders in the rie Railway will how come by theirown, Our cor- respondent says tat the new Board revokes the au- thority for the issue of the twenty-tliree millions of convertible vonds, ‘There can be no doubt that the newly elected Board of Directors, with General Mc- Clellan at their head, mean to do entire Justice to the Enghsh sharenolders. ‘Tne overtirow of Mr. Gould and his party is, however, @ matter Of public con- gratulation, altogether apart from any private restivution which may be made. It 1s another step In the seli-purilying process through waich public lule in New York has been passing, It is anovier victory for honesty im a city which has become a byword for corruption. Every victory thus won isheartens whe disnonest combinations, and gives encouragement to honest meu, New York is giving evidence of u healthy puolic life which 1s Capavle of the supreme effort neediul to throw off these dis- eased * humors of tne vod: olitic. The struggle is severe, but the patient will live. ‘the London Zelegraph comments on the ‘fall’ in this manner:— Excellent tidings for the Englishmen who in- Vested money in the Erte Railway have come trom New York. Gouid, tne accomplice of Fisk in all his schemes, has been removed from the presidency of the company, and General Dix, & man oO! station and character, has been appointed 1n hus place, with five other new and honest directors, among whom 1s General McClellan. We are glad to see that uils was the reiorm proposed oy what is called “the English party; for our country- men across tne Allantic nave no object save to see that Justice 1s done. Thus the blow struck at the New York “ring” by the murder of Fisk nas been followed up by a more peaceful coup; but there can be no donbt that the removal by pistol shot of the maa who played the part of “first villian,” as the old plays have it, Was an essenual preliminary to honest people getting their own. So that speculation in New York might be called by a satirist ‘robbery tempered by assassination.” In that case the puz- wied moralist may ask, What is to be done with Stokes, the protagonist in the proceedings, ERIE IN NEW YORK. ALULL IN THE GREAT BATTLE. But Slight Skirmishing Yesterday Along the Line—Erie Opened st 66 and Closed at 58 1-2—The Sentiment of the Street— Daniel Drew's Daring Venture—He Sells $5,000,000 to Duncan, Sher- man & Co. at 55, on a Year’s Delivery, and Expects to Clear $1,250,000. ‘The battle in Erie stock that has been raging in Wall and Broad streets during the week was con- tinued yesterday, but in a very mild form. There Was, a3 a matter of course, less excitement than on Tuesday, and it was confined to but a few skir- mushers. When the Stock Exchange opened and Erie stood At 66 there was considerable excitement for a briet time, but the recelpt of intelligence of a decline in London quickly had ita effect upon the speculators here, and the stock tumbled rapidly to 60, Itsoon after recovered to 63, and then fluctuated between 61 and 624%. The speculators who, the previous day, had boldly entered the arena to gamble on the stock, seemed quite undecided how far to venture, and many carefully avoided taking any risk, as it was very evident that while the market in London was ‘so{t? 11 was unsafe to venture too far. As the day wore on and the intel- ligence from beyond the Atlantic indicate’ that the rival factions there, who are supposed to be com- petitors for the stock, had inaugurated a truce, Erle began to fall, and the tumble was hastenea In a great measure by the operations of Daniel Drew, and Duncan, Sherman & Oo,, which will be referred tohereaiter. At about half-past three the quota- Uons stood about 62, but it then began to break, and in the course of a little over an nour went off to 683g, the closing price. While the ruling prices in London had much to do with the decline in Erle, the fall in the afternoon ‘Was greatly owing to the sale of 50,000 shares by that bo!d operator, Daniel Drew, who stepped into the market during the aay ona large transaction, About midday he closed with Duncan, Sherman & Co,, agents for English principals, for the delivery of 60,000 shares in one lump at 55, At this time the marxet stood at 62. It 1s understood that the terms of the sale are that Mr. Drew reserves the mght to deliver the 60,000 shares any time withm the ensuing twelve months at this price. Mr. Drew and Duncan, Sherman & Co. made mutual dcposits, it 1s satd, of irom ten to twenty per cent in the Trust Company to bind the contract, which was negoti- ated for the former by Whiteley & Netlson, of Exe change place, After this astounding transaction Mr. Drew offered to sell fifty thousand more of Erie on the same conditions, but he found no takers. It is believed that the negotiations have been made by cavle within the past few days, There are many Who believe that Mr, Drew has made a losing con- tract, and that he will be unable to purchase this amount ($5,000,000) within the year at @ rate that will enable him to cover his margin; but he teels very confident of a further fail, and ex- presses the beef that he cah buy at 30 and make @ profit of $25 per share, or $1,250,000 on tue day’s transactions, As already stated, the closing of this contract ma- terlally alfected the market, and Erie commenced to tall rapidiy to 5834. Toe reporter of the HERALD conversed with a number of the brokers and bankers, and they seem lo be widely diflerent im their views as to the prob. ART MATTERS, Sale of the Snedicor Collection. The excellent collection of paintings whieh have been on view for some time at the Leavitt Art Rooms will be brought under the hammer this after- noon, and as the works have for the most part received the commendations of critics and connois- seurs we expect there will be eager competition for their possession, The crush of news in our columns and the consequent want of space has prevented us giving to this exhibition the attention it deserved, but we hope tnat our readers who are INTERESTED IN ART Were induced by the first notice to visit it. The Tepresenvation of the American and European artists 18 very large, and, forthe most part, very good, J. G, Brown is represented by his Latest pic- ture and his best, It 1s called ‘blaming the Wrong Boy.” It is strong 1n character, and carries ont the idea capitally. ‘The little urchin who has been thrown into the water looks the picture of childisn muserv, while the bigger boy behind the tree, who has evidently been the cause of all the trouble, looks the impersonation of mischief. Mudon, whose Jouy Musicians cannot easily be forgotten, 1s represen| by a@ picture full of drollery and isp! artist’s great insight into character, “I'll is marked by thought, and tells its story directly and strongly, The eg og on the face of the young fellow 18 inimitable, and we feel convinced that if Nis offer to pay were accepted he would find him- self in an awkward predicament. One ol the most remarkable and valuable works in the collection 1s Desgoffe’s CHRIST AND THE COLUMN.” It represents a mutilated figure of Christ, in green- ish marble, on a base carefully worked in bas relief, @ bust in ag a soine Other objects. At tirst sight it 1s not @ striking pictare, but examination reveals the wonderful teciinical merit of the works manship. Look as closely as you may, what you see is real bronze and agate, Such texture painting 18 rarely seen even in things much more easy to be 1mit@tea than bronze or eee ‘This work has more of what ts technically called quality, than, perhaps, any painting in the collection, and, though small in size, 18 of great value. “Blessed are they that mourn, for they shall be comforted,” 18 a paint- ing full of sweetness, though perhaps a lit- ue wanting in force, It is by Landelle, one of the few modern painters of religious subjects who give evidence of innate devotional feeling. In com- position it 13 good, and though the coloring has not Mucb force it 18 remarkably harmonious in tone. ‘There is @ group Of cattle in a landscape by Van Marke which deserves attenaon. The picture is STRONG IN COLOR and the cattle well drawn. “Soldiers Gambling,” is one of those .scenes slightly tinged. with the grotesque in which the gentus of Bril- Youin rejoices, It is full of character and humorous feeling and marked by excellent workmunshlp. “Meditation” is one of the most charming works we have seen, after AMperg, well drawn, subdued and harmonious in coior. There i3 a sense of melancholy over the gray figure that some how communicates itself to the scene and is infectious. In the Garden of Versailles,” by Hul, is a brililant and effective piece of coloring. The figures are also well drawn, Yerhaps the strongest color painting in the collection is in Cocoem's “Cavalier.’’ The scarlet cloak 1s remark- ably brilliant aud rich, as, indeed, is the whole pic- ture. ‘There are quite & number of other * IMPORTANS WORKS, like Erdmann’s ‘Parting Message,” Wertner's “Burning Village,” which we would like to notice, but it is not possible to do so. What we have already said will be sufficient to draw attention to the importance of the sale, which will commence pay or at the Clinton Halil, and will be continued on Friday and Saturday nights. Whether we re- gard it irom the point of view of merit or variety, the collection 13 one of the most interesting thas has ever been offered for sale to the public, Schenck’s Auction Room. An interesting collection of paintings will be of- fered for sale at this anction room to-day at noon. Among the most noticeable works are some excel- lent pictures of the bay of New York by Edward Moran, ful of character and remarkably interest- ing ag compositions. Sontag has one of his fairy valleys, and our native artists are generally pretty abilities of the future, A namber declare that in their opinion the English capitalists will again renew the contest for the ossession of acontroliing interest in the road, and that the slock may adyance to 70. A few, on the other hand, express the belief that the crisis has passed, as far as Evie 18 concerned, and that some other st00k yl be the next seized upon to excite the market, Outside ofthe Stock Exchange, about two o'clock, two brokers met. One asked:— “Weil, have you lost on Erie ?’” “No. Yesterday | made $25,000; but to-day Ihave not touched it with a cent. fuess the chances have passed. The market in London 1s ‘soft’ to-day, and the excitement there has evideutly abated, and the stock will not likely fluctuate more than three or four per cent for the rest of the week. lshould not ke suprised if 1% even went down to from 53 to 66. Ihave ventured as far as it is prudent, and wouldu’t advise my friends to go in again.” “Weil, Lagree with you,’ said the other. “The Heath and Kaphael and McHenry interests have evi- den drawn out; one or the other is satisfied, and orders are’ hot coming in very fast it 18 retty certain they have agreed upon a truce. Stil it may be possible that the inactivity in the market over there is attributed to the fact that this is settling day, and after Good Friday the compeiition may be renewed with greater energy.” Mr. Rolston, of the Farmers’ Loan and Trust Company, in answer to an inquiry as to the number of shares transferred, said he could not tell “All the certificates sent here have been registered, bus our record ends with the night of the 24th, so that we are still two days bebind the actual transac- tions. ‘Tne certificates ior these two days have not et been sent us. We have tered about one jundred and twenty thousand shares, and 1 sup- pose the whole number transferred may amount to 176,000 shares. Ithimk now it will not be more, though ac one time I expected more.” ‘The excitement on ’Change was by no means as intense as on previous days, and the interest in the quotations was not so general. Street gossip says that many of the brokers who threw themselves into the Erie maeistrom have come out badly hurt, but no serious failures have been reported. It is possible, however, that when they come to square accounts and fulfil obligations some W10 now think themselves sale may discover that they have been fipancially shipwrecked, whom’ short-sighted men have spoken of as @ murderer caught red-handed in the act? It 1s not Jor us to decide; Lut certainly it 1s not the first time in the history of the worid that motives of private vengeance or lust of gain have worked out results of great public good, MUSIC AND THE DRAMA. Footlight Flashes. “Biack Friaay” will be the next sensation at Niblo’s Garden, “article 47 will be produced at the Fifth Avenue Theatre on Tuesday night. “Gold” will be brought out at the Glove Theatre by Miss Jeanne Barnside on April 8, Mr. and Mra. Barney Williams have been pre- sented to His Holiness Pio Nono at the Vatican. ‘The sale of seats for the grand Itallan opera com- bination at the Academy of Music next month com- mences this morning. Mr, John Jack and Miss Annie Finnin will shortly make a tour of the western part of this State. ‘They sppest on Monday in Poughkeepsie im “Jolun art Mr. and Mrs. Florence play a three weeks’ en- pazemens at the Globe, Boston, nex. month. They leave for Europe on the Scotia on May 8. Mrs. Flor. ence will remain in Italy for one year to periect her- selt In music, While her husband returns here in the fall. Driftings Abroad. Jaell is engaged for aseries of concerts in St. Petersburg and Moscow. Mr. Albery’s comedy “Forgiven” was produced at the Globe, London, March 9% Mr. John 8, Clarke reappeared March 9 at the London Strand Theatre as Doctor Ollapod, in Col- man’s comedy of “The Poor Gentieman,”” Among the lierary remains of the lave Princess Amalia of Saxony a play has been found, entitled “Yauschungen,” which is shortly to be given at the Royal Hor Theater of Dresden, A new drama, by Dr. Westland Marston and Mr. W. G, Wells, 1s to be produced on Easter Monday at the Court ‘theatre, Its title 1s “Broken Speils.” Among the exponents will be Miss Litton, Miss Ada Cavendish, Mr. Hermann Veazin, and a young actor named Walter Fisher, of whom report from tue country speaks well. ‘The managers and actors of the London theatres having recently forwarded to His Royal Highness the Prince of Wales an address of congratulauon have received the following reply:— LBOROUGH HOUSR, PALL MALL, March 6, 1872. General Sir Williain Knollys is. directed by the Prince of Wales to thank the English managers and actors of the me- trovolitan theatres for their address of congratulation on his recovery. Feeling the warmest interest in the representation of the English drama, it has been and ever will be the Prince's earnest endeavor to promote ite success. It is therefore peculiariy gratifying to His Koya! Highness to re- ceive this expression of feeling from a body whose venti ‘ments, on the present occasion, he is perauaded, are as genu- ine as they are warm. To ARNRY NEVILLE, Et Fire in Gansevoort Street. A fire broke out yesterday on the second floor of the four story tenement house 28 Gansevoort street, doing a damage of about $500, The building was injured to the extont of $2,000 and inaured in the Pacific Company. Barge Burned. A fire broke out yesterday morning on board the Propelier P. McManus, lying at the foot of pier 35 Norta River, the of Smith & Hamilton. Tue damage’ done "to the, boat amounts tw about $10,000, Sue was insured for $26,006 Election of a New Erle Director. Yesterday Mr. Willlam Wetmore Cryder, mer- chant, of No, 78 South strect, ata meeting at the Ente offices, was elected director to fill the vacancy a the oid Board caused by the resignation of Mr. rake, PIGEON SHOOTING. A Day at the “Idle Hour,” Greenville, N. J. At Tommy Taylor’s pleasant retreat, the “Idle Hour,” at Greenvide, N. J., there gathered yester- day afterncon a large number of amateur marks- men, bent on hugely enjoying themseives in their peculiar way. The announcement had been made that @ pigeon shooting contest would take place, the prize being a fine double-barrelied, muzzle- loading Hollis & Son gun, and this proved the attraction, The conditions for this event were that each should shoot at five birds, twenty- one yards rise and eighty yards boundary, the en- trance money being just sufictent to cover expenses, Awaiting tne decision of this event, the assembled gentlemen, many of them being members of one or more shooting clubs in this vicinity, a sweepstakes of five birds each was gotten up and shot, the entrance money proving to pea sum quite attractive. In the latter there were six entries, @ Mr, Wm. Van Sicklen, after shooting of the tes at three birds, proving the winner, ana in tne contest for the gun twelve tried their skill, the victor being a modest amateur bearing the cogno- men of ‘Jonn Brown.” The subjoined scores will give necessary detalis:— THE FIRST SWEEPSTAKES. Willtam Van Sickien—1, 1, 1, 1, 1—Killed 5, E. Martin—1, 1, 1, 1, 1—Killed 5, a». H, Shorb—1, 1, 1, 1, 1—Killed 5, “Joun Brown”—1, 1, 1, J, 0—Kuled 4 . H. Wild ~0, 1, 0, dr.—Killed 1. “@. P. Samuels’’—0, 0, dr.—Killed 0, SHOOTING OF THE TIES, William Van sicklen—1, 1, 0—Kulled 2, K, Martin—1, 0, dr.—Killed 1, E. 4, Shorb—0, 1, dr,—Killed 1, THE GUN SWEEVSTAKES, “John Brown”—1, 1, 1, 1, 1~ Killed & John Keese—1, 1, 1, 1, 0—Killed 4. J. o. Crackneil—l, J, 1, 1, dr.—Killed 3. W. Van sicklen—0, 1, 1, 1, ar.—Killed 3 John Diersou—1, 1, 0, 1 dr.—Killed & ¥. Martin—1, 1,’0,"0, dr.—Kilied 2 E. H. Shorb—0, 1, 1, 0, dr.—Killed 2 P, S. Bogart—1, 0, 1, 0, dr.—Killed 2. G, H. Wild—0, 1, 0, 0, dr.—Kilied 1 ) G. H. Wild (second chance)—1, 1, 0, di.—Killed 2, Tommy Tayior—1, 1, 0, ar.—Killea 2. «@, P. Samuels"—1, 1, 0, dr.—Kutlea 2, ‘rhe birds were of an average quailty only, many of them being very young and inclined to make the acquaintance of the shooters, rather than attempt~ ingtocscapee THE OOMPTROLLER'S PAYMENTS, Comptrolier Green yesterday made the following payments, viz.:— Arrears of 1871 duo from Department of Pabil Taxes of Iii due Watch Aqueduct propert evsbeeesbbed sve. Salaries Auditin; Depariment’ of for January and Feoruary, 1872. Salaries Bureau of Arrears, Depari for January aod February, (872 Ai 73 4,837 63 ‘There was vrougnt to the Morgue, 4rom pier No. 4Nortn River, the body of an unkno#n man; height, about five feet eight Inches; age, About fifty year: dart hair. Had on dark pants, knit jacket, dark vest, checked musiin shirt 8,ad shoes. The body , be placed on tuo teen well represented. There are some mteresting Works by foreign artists. HORSE NOTES, On Friday afternoon last the workmen employed in the construction of St, Nicholas avenue discharged several tremendous blasts near the rear of the old Ciub House, corner of Eigh<h avenue and 131st street, ata time when the sheds-attached to the house were tilled with horses tied up and blanketed awaiting their owners’ pleasure forareturn to town. The noise was 89 frightful and unexpected to a majority of the animals that they broke loose, smashing wagons and carriages, demolishing harness and blankets, and many of the horses ran down the ‘THE SWAMP ANGELS. Press Recognition of Herald Enterprise. Its Statesmanship in the Lowery Difficulty. Our cotemporariecs, as is natural in a country where freedom is the rule, differ somewnat im their mode of recognizing the enterprise of the Hzr- ALD. They all teel impelled by a profound sense of duty to do it, and it refreshes the edge of our scis.. sors as we note the variety of treatment which our latest exploit receives from their quills, One, speak- ing from the honest depths of his moral self-con- sciousness, swells the pian of our glory; another, looking through party goggles, screws his gnaried physiognomy into the size of a gallnut and writes diluted depreciation; a third, feeling the same necessity of the others, but being of a rollicking turn of mind, marks his appreciation visible jocu- larly. This is ail right; they mean well. [trom the N. Y. Register, March 27.) THE HERALD'S SETTLEMENT OF THE NORTH CAROLINA DIFFICULTIES. Persons of an increduious turn of mind may be as sarcastic a8 they please, but there is no question that the American peopie were not only gratified with the intelligence communicated yesterday of the Satety of the adventurous correspondent (who has just settled the unfortunate difficulty which has so much distur¥ed the Old North State), but shared im the glory attending this new enterprise of American journalism as represented by the New YoRE HERALD. Mr. Bennett has always been extremely for- tunate in the selection of his represeutatives. This is, no doubt, the result of his gbility to appreciate any extraordinary service. The gentieman who bas been able to make the four or five outlaws who have so long been the terror of an entire State understand the power of tne press and teach them thac mankind fs not as cruel and vindictive as their early education and later experience had given them to understand is certainly worthy of being ranked as a diplomat. His letters in yesterday’s HERALD threw a new light upan the subject. These outlaws were one of the bad fesults of a civil war. It appears that the father and Prother of the leader of the band had been summarily shot and the mother threatened with death because three sons of the family rejused/ to aid the Oon- lederate army, The lattey then swore von- geance, and gathering togbther a few others who had similar grievances, killed and plun- dered all whom they supposed were their Toad at breakneck speed. The damage done will amount to several thousand dollars, besides endangering the lives of all who happened to be on the road at the ime. We think, however, that the proprietor of the Club House will be the greatest sufferer, if he do not at once make some arrangement with the contractor to dc the blasting at an hour of the day when gentlemen and their horses are in town. The Mobile Jockey Club, at its meeting cn the 20th inst., adopted a programme for the races. which commence on the 23d April, under the auspices of the Southern and Western Turf Con- gress, They embrace threc races on the first day— hurdles, mile heats tor three-year-olds, and mile: heats; three on the second day—three in five, mile dash snd three-quarter dash; and on the third day, the Turf Congress Stake, four mile-heats. The latter race is a post stake, and the champion for Alabama will be selected trom Captain Moore's stable. MONMOUTH PASK RACES. ‘The races on the fifth day of the July meeting at Monmouth Park will consist of a hurdle race, a dash of three miles, and the Monmouth Sequel Stakes, for the three years old, two miles, for which event the folowing are the conditions:— MONMOUTH SEQUEL STAKES, value $800, added to a sweepsiakes of $60 each, B pS for three-year-olds; winner of the Jersey Derby Stakes to carry 5lbs. extra; the second to receive $200, and the third $100 out of the stakes; two miles; to be run at the first meeting. 1. &. W. Sear's br. c. Diplomat, by Leamington, dam Lady Spang, by Gazan. 2 M. A. Littell’s gr c. London, by Lightning, dam Sister to Jerome iy 3. D. J. Crouse’s ch. f. Nuisance, by Planet, dam Ultima, by Lexington, 4, John F, Chamberlin’s ch. c. Wheatley, by War Dance, dum sister No, 2 to Prior. vy Glencoe, 6. John #. Oamberiin’s gr. c. Brennas, by Light ning, dam Brenna, by imp, ‘ht or St, George, 6. John F. Uhamberlin's br. ft. Venetia, by Asteroid, dam Verona (dam of Vauxnall), eA imp. Yorkshire, 7. John F, Chamberiin’s b. 1. Em Robinson, by imp. Knignt of St. George, dam the dam of Optimist, by Glencoe. 8. A. C. Frankiin's b. ¢. Gorlitza, by Lexington, aam Schottische, by imp. Albion, 9 J. F. Kobinson, Jr., & U. O, Morgan's br. c. Ba- zaine, by Asteroid, dam Laura White, by Glencoe, 10. August Belmont’s br, c. Wade Hampton, by Asteroid, dam Hamburg’s dam. 1. H. P. MeGrath’s bik. g. John Doe, by Lexing- c ton, dam Lucy Fowler, by imp. Albion. 12 H. P. McGrath’s b, f. Jury, by Lexington, dam Roxana, by imp. Chesterfeld. 13, 5S. D. Bruce’s ch. c. Neptunus, by Planet, dam Linda, by Scythian, second dam Lightsome, 14. D. McDantel’s b, f. Lady Mottey, by Lexings ton. dam Lee Paul's dam by tmp. Glencoe, 15. D. MeDaniet & Co.’s b. f, Sue Kider, by imp. Knight of St, George, dam Giycera, by imp. Sove- reign. 16. RK, W. Cameron’s b. f. Inverary, by amp. Leam- ington, dam Stolen Kisses. 7. M. H. Sauford’s br. Mate, by Australian, dam Mattie Gross. 18 M. . Sanford’s pb. g. Kadi, by Lexington, dam Katona. 19. W. J. Bacon’s ch. c, Emperor, by Exchequer, dam qooet Mab, by Planet. 20, W. J. Bacon’s ch.c. T. W. Doswell, vy Ex: chequer, dam Delphine, by Red Eye. iH. W. J, Bacon's ch. c 4. Le Carrington, by Ex. chequer, dam Tribulation, by Jett Davis. 22. Zeb Ward's b. 1. Cynthiana, by Lipperary, dam. by unp. Hooton, 23. acon & Holland's ch. c. by Jack Malone, dam Sea Breeze, by tmp. Alvion. 24. A. Buford’s b, c, Bombshell, bv Marion, dam imp. Fleeting Moments, by Solingurook, THE JERSEY CITY PRAUDS, The Municipal mmission Trials Postponed to Next Term. Judge Bedlé announced in the Court of Oyer and Terminer at Jersey Clty yesterday that, as he would have to open the Uyer in Bergen county next week, he could not proceed with the trials of tie members of the different manicipal boards of Jersey City under imdictment this term. All these cases woald therefore go over till tne April term, He then declared the session of the Oyer and Terminer and Circuit Courts closed. The Court will hold @ sea- sion, however, on Saturday and Monday. All the defendants were then called upon to re- new their ball, and the witnesses were notified to appear next term. ‘The session of the Court of mare Sessions Pe be continued and will prob. iy last six weel At @ meeting of citizens of the Bergen district heid last Saturday it the stm Ol $3,000 was subscribed for the purpose of employing counsel to assist the District Attorney tn the prosecution of the indicted commisstoners. A commitivse was ap- | notated to socure the services of Cortlandt Parker. enemies. The death of Henry Berry Lowery, the leader, and Boss Strong, his first lieutenant, which 1s reported by the HizRALD’S correspondent, and the knowledge now possessed by the rest of the band that their grievances will now be ‘published in the papers,” will, no doubt, settie a dificulty which it has been beyond the power of ‘the State militia to encompass, ONE GOOD TURN DESERVES ANOTHER, {From the Doylestown (Pa.) Democrat, March 26.) A HERALD correspondent has been captured by the Lowery gang of outlaws in North Carolina and held a prisoner of war. He put himself in their power to interview the outlaws. They are now in- terviewing him. A PORKOPOLIS THOMAS DIDYMUS, (From the Cincinnati Times and Chronicle, March 25.) The Nsw York HERALD is doing well with ita Lowery Gang sensation. The telegraph editor now has the captured correspondent shot by the gang. The reason for the shooting is supposed to be that the correspondent put a personal in the HERALD asking for correspondence with Mrs, Lowery, whom he saw getting on a horse car bound for High Bridge & week ago yesterday. The HERALD bas been hard put to it for a sensation ever since its African correspondent and Dr. Livingstone accl- dentally faced each other taking thelr bitters at the Astor House bar week before last. COMPTROLLER GREEN AND THE MARKETMEN, Visit to Fulton and Catharine Markete= Reception and Welcome. Comptroller Green.is mant{esting’ an-active tnters est in the public markets, notwithstanding the many other arduous duties which daily devolve upon him. Yesterday he made an official visit of inspection to Fulion and Catharine Markets, in company with Colonel T. F. be Voe, Superintendent of Markets, and examined carefully into their pres- ent condition and, requirements. Fulton Market ‘was first visited, and found to be sadly. dilapidated. The old structure was built in 1821, and exhibits. plainty the ravages of its half century of existence. The low, squat pile of buildings 1s surmounted by falling chimneys, decaying timbers and unsightly mecumbrances of every kind, and surrounded by hucksters’ stands and wagons on the sidewalks, which make the way almost impassable, The roof isperforated by holes, which let m-rain and snow: and sleet, and 1s hung within with oithy cob ‘webs and the dust and dirt of many years. ‘The space devoted to market purposes 18 entirely inadequate to the vast business conducted there, and the most eae requirement is the erection of acommodious and substantial ballding which would be adequate not only to present needs, buat also designed to meet the necessities of two or shree generations of the future denizens of New York and Brooklyn. Comptroiler Green, after inspect Ful- ton Market proper, crossed over South street and entered the new fish market, which Is built over the: water of the East Kiver and presents a marked con- trast in appearance and neatness to the one which. had just beea ieft. 1t was lately built rivate enterprise and 1s a sudstantidl edi ice of iron, Here he was shown’ the Various processes of unloading fish from vessels, of cleaning and curing it, and packing it in bar- rels for the use of hotels, steamboats and dealers generaily. Each fish dealer in the market has a Small oilice in the rear of ms stall, from which a neat carpeted statrcase leads to @ room avove, ‘where every convenience and comfort exist for the proper transac'1on of business between the proprie- tor and his wealtby customers. There are about sev- enteen firms here, each of which carries on a business of two or three hundred thousand doilars annually, and employ a fleet of vesseis to catch and bring fish from tne coast of New England and Nova Scotia ‘and the banks of Newfoundland, During the season three or four of these vossela were ‘at sea, with all their crews, and the dealers speak feelingly of the memory of the poor fellows. who perished amid the storms of the deep in the pursuit of their humble caliing. In tne directors’ which 18 tustefully fitted up, the Comptroller was cordially welcomed, 1n @ few well chosen words, by Mr. Witiara Pheips, on behalf of the assembled dealers. He said in the history of the markets no Comptroller or other prominent oficial charged with their care had ever manitested such @ livel, interest in them as the gentieman wio now: hono! Fulton Market with his presence. He had retormed their management and given to thelr admunisira- tion the care, encrgy and efliciency that had always characterized nis Oficial career. frowinent for many years in Connection With our best public and private enierprises, he bad wou tne respect aud esteem of men oi all, classes for his injegrity ana unswerving fideiity to official and private trusts. The great public improvements i which he bad been engaged had beencarried forward, with energy 1o.gratitying and successful results; and the men who now surrounded him were confident that he would acgomplish, reforms aud improvements in gonnection with the public markets equally as great. They woulu promuse him their active and. persistent support In any measures he migiit inau- gurate lor the beneilt of the market interests. Comptroller Gree, in reply, said.he was thankful for the Kindiy sentunents which had been uttered. respecting himeel! and extremely gratiiied by the cordiality of his reception, He need hot assure tho gentiemen around him that he would endeavor to discharge his dusy in regard to. the val interests. they represented to the vest of his aoility, and, the object oi IMs present Visit was. to ascertain by per~ sonal inspection the condition and necessities of their markets They needed evidently to be treed aa | much as posaible frum the restriction of whas 1s somotinies called goverumenial aid, but i frequently made the means. o/ retarding legiuimate private enterprise. Fulton Market was cram l. condned, and crivbed in its dimensions, wosightily in appearance and entirely inavequate and imconve- | nient for market Durposes. He apprecifled the ne cessity Of Change and shoula endeavor in his own sphere to effect such improvements as would per- pane Place their vast business on a proper basta. He should be pleased to have their co-opera- tion and advice in anytiing he mighs undertake, as in every suuject af vitical action ue had always sought the assistauce of quaufled and experienced persons, The Comptroller was then taken by Mr, A. P. Dorion to visit the fishing smacks alongside of Fuiton ferry, and examined the fish-well in one of them with great loterest. A fish-weil 18 a ginal) aperture in the centre of the deok, which, i descends, delves underneath 60 a to co ‘whole bottom of the vessel, which 18 perforal to admit the entrance of a current of salt water to pr@- re in @ heaithy state the fish immersed im 1 alive, Catharing Market wos then visited and examined. ‘The deaiers congregated tageiner, ad taenked tha Comntraier tor is visit.