The New York Herald Newspaper, November 1, 1873, Page 3

. A. & W. SPRAGUE. A The Committee of Investigation Defer Their Report. RELIEF STILL HOPED FOR. William Sprague Announces the Protest of Notes in New York. PROVIDENCE, R. L, Oct, 31, 1873, Another day o! painful suspense has been expe- rienced by our community. Bright hopes, like the Fays of the moon on 8 swampy marsh, have appar- ently only led us deeper into the mire, A whole State—though ours is but a small one—with all its industrial interests, depends upon the resources of two banking houses, both of which have left their legitimate business to enter the flelds of manufac- ture and general production. Ten thousand oper- atives and mechanics await the result of an inves- tigation into the affairs of one firm with much anx- lety, but nothing definite has yet been ascertained. Yesterday relief was promised for to-day; but now the relief is delayed till to-morrow. A. & W. Sprague are declared to be perfectly solvent, yet two of their monetary institutions have been suspended, gnd their own paper has, it is stated, been pro- tested to-day in the city of New York, At first the reports concerning the dificulties of this great financial house of A, & W. Sprague were treated with suspicion, many declaring the rumors to have been started by political and financial rivals; but the unpleasant and alarming evidence of weakness Of the institutions investigated by order of Gov- ernor Howard, as published, tend to prove that the firm was really embarrassed, and the unpalatable evelopments of to-day still further corroborate the first announcements. The local journals, after maintaining silence for two days, are forged at last to comment on the aituation. THE REPEATED POSTPONEMENT by the committees in reporting the oficial figures and actual state of affairs, the continued silence of the firm itself and the apparently colored reports in the local papers, all look decidedly ominous and suspicious, and have only had the effect of Jargely increasing the existing doubts in the minds of the people, distrust in financial circles generally and precipitating the threatened crisis. Knowing full Weil, as the bankers and merchants here did, to what a very great extent the business interests of Rhode Isiand particularly depended upon the house of Sprague & Co., it was extremely unwise and injudicious to keep from aiding the house in this trying and threatening emergency, and to-day the failure in New York can only be attributed to this lack of confidence manifested byour mer- chants, to the tardiness of their movements and ‘the questionable policy of allowing local animosi- tie? to govern them in their business relations, These are ,subdstantially the views of some of our leading and shrewdest business men, and I but reflect their opinion. ‘The house of Brown & Ives alone could lift the Spragues out of their diMculty if they had the will tohelp a sorely stricken neighbor, and encourage by such @ high-minded exampie the rest of the busi- mess community to lend its confidence and assist- ance, But there is, it is feared, too selfish and narrow-minded u policy among our capitalists and traders, and they appear to realize these lamenta- ble truths now when it is too late. I was informed from the most trustworthy source that such was the near-sightedness of the bunkers here regard- ing their home interests that one great reason for refusing to promptly lend the desired amount was because the money was asked to MEEL THE LIABILITIES IN NEW YORK to pay out standing debts, and not for circulation at home, unmindful as they thus show themselves of the fact that, by enabling the firm to meet its outstanding obligations they would thereby be protecting it at home, with its immense bust- mess interests, and at the same time protecting themselves. The policy pursued being such asI have described, it 18 not surprising that failure should ensue, and no threats or excuses will now answer for the failure to realize the great respon- sibility. THE CRANSTON SAVINGS BANK. The first development of to-day was another blow to all confidence in the Sprague house and its institutions, and furnishes fresh proof of the statement of your correspondent that there is every reason for alarm. WhatI allude to is the report of the Commissioners appointed by Governor Howard to examine into the affairs of the Cranston Savings Bank, one of the largest and heaviest of the Sprague banks, which I obtained from the Commissioners this afternoon. The re- Port 1s as follows:— LIABILITIES. ‘To depositors’ book account........ To depositors’ certificates of deposit. 37,301 Interest. Re veseeeneees + 41,986 Overdrafts on First National Bank. + 54,182 Advanced by First National Bank on de- POBIES.... 6.0.45 » 100,000 In New York city 90,000 Total. + $2,866,935 SETS. Loans secured by mortgage on realestate. $858,935 Loans secured by mortgage on personal estates. © ses cecseeesacesescere 2,000 Loans on pi al security, including $495,000, in acceptances of Hoyt, Sprague & Co, and $275,000 in notes of A. & W. Sprague Manufacturing Company...... 971,300 Loans on collaterals, including $350,000 in notes of A. & W. Sprague..... ase + 875,000 12,468 shares National Bank of Commerce. 62,300 601 shares First National Bank... 61,100 16 shares Second National Bank... 1,600 263 shares Globe National Bank... . 12,650 100 shares Rhode Island Safe Deposit Co.. 10,000 District of Columbia certiticates of indebt- @dness (Cost) ......... Weceeee 40,000 TOtAl......ssseccssssserereeceseeceseeees + $3,966,085 It shows that of the $2,366,935 represented as Wabilities the notes and securities of the Messrs. Bprague, direct and indirect, amount to $1,172,100. By this it is seen that the Sprague hold neariy sixty per cent. This report makes a very unfavorable exhibit, and gives rise to the be- Hef that other institutions are similarly disas- trously affected. Both the Franklin and Cranston savings banks, as might be expected with such a showing, are under suspension. To show how er- roneous, in view of the New York failures, were the expectations given out yesterday that the Committee on Investigation into the affairs of A. & W. Sprague would to-day be able to make a highly satisfactory report of the concern, is the further development made known at the adjourned meeting of the bankers and merchants held at noon _— to-day, that the committee were not able to report, and Saked for a still further continuance of the time— until to-morrow noon—which the meeting granted, and then adjourned until that hour. Of this meet- ing great anticipations were held by many; but the knowing ones had no hope that any satisfactory Plan of relief would be afforded, or the house saved from the impending ruin, Thus the Suxious publichas been disappointed and misled by false impressions circulated by over-confident agents. The local papers dismiss the matter lightly; but, as the facts became known and were carefully studied by tne people, loud expressions Of dissatisfaction were made on nearly all sides, EX-GOVERNOR SMYTH STILL CONFIDENT, At noon J had a brief interview with ex-Governor Smyth, who still persisted in giving assurance that all was encouraging, and stating that to-norrow the committee would report satisfactorily for the firm. Bnt I then believed that his hopeful “to-mor- row” would never give any such satisfaction, and later events have proved how well founded was my Delief, Though the Investigating Committee tailed to report, the organ of the Spragues, in an article this evening on the situation, still clings to the fond hope that the recommendations of the com. mittee will insure the safety of the house and creditors. Tue paper speaks as follows: — It 18 understood that a plan in has been agreed upon which inyoves practically an extension by the creditors of (he house. If the lan meets with favor and is accepted by both the inks and the house then another meeting, com- posed of its creditors, must be called at as early @ time as is possible for their consideration of the pian, The aguion of the banks at their meeting general features ; any information of its condition. NEW YORK HERALD, SATURDAY, NOVEMBER 1, 1873—TRIPLE SHEET, to-morrow will practically determine the question. While nothing has transpired at this writing to indicate what the particular recommenda. tions of the committee may » it is generally understood that they will conserve the safety and security of both the house and all its creditors, Its enterprises are many and various, a8 its capital has been made to de- velop nearly every industry of the State, The ability to continue ‘so generous and honorable @ course of industrial development having become in @ measare Setpnied by the loss o1 credit, it is generally sapposed that tie plan to be proposed will embrace a return of the firm to the strictly legitimate business by which its fortune bas been made, If this be so, it will take time to realize upon those outlying interests at a fair valuation or without serious sacrifice, and it 1s time that the house now needs more than increased assets, THE POLITICAL VIEW. Apparently realizing that there is an unjust spirit manifested by many old political enemies toward the house, the same paper in another artl- cle thus speaks :— In times of severe financial embarrassment like the present it is exceedingly unsavory to allow personal or social prejudice to come to the surface, and especially should they not be allowed to i @ sentence or convey a taunt of humiliation, of reproach or a boast of financiai superiority. The paper admits that the industries of the State and the country are receiving a heavy blow, and the outlook is not the most favorable which could be desired, and says, a8 all industries have interests in common, all persons and firms should be ready to administer to each other in & spirit of kindness, no matter what the personal, social, political or other relations may have been while prosperity reigned. Tne paper, evidently hitting at some hostile house, turther vents itself as follows:— If it is unmanl; instinct of true uniortunate or and does violence to every hode Islanders to crowd the pe at the crippied and help- less, it is aliké contrary to all the better instincts of human nature to taunt or to demand the exaction of the utmost of @ Shylock’s bond when even vast resources ana a superfuity of assets are unavailing tn times oi panic like the present. Itis unwise, uncharita- ble and ungenerous. That Meld will yheld nothing but thorns to the reapers. There is a future as well as a present and 4 past, and pubis journals, like individuals, should act wisely relerence to it. Generosity is ennobling, pittiness of spirit is born of tne day, and only survives to plague its possessor. GOVERNOR HOWARD WISELY SILENT. After my interview with ex-Governor Smyth I saw Governor Howard, but learned from him noth- ing new, other than the information that the Bank Commissioners had reported about the Cranston Bank. In marked contrast with some high feeling officials, he received me very kindly, and asssured me of his desire to afford all possible facility to ascertain all desired information. He had had, he said, some experience with the press himself and realizes the newspaper wants and reasonableness of all reportorial requests for news, Not feeling that there was any immediate danger of anything serious happening this afternoon or urgent need of his official scrutiny of any proceedings, the Gov- ernor departed for Boston on business soon aiter I left him, THE PROTESTED PAPER IN NEW YORK, About the same time I learned that Senator Wil- liam Sprague, the junior of the Sprague house, who has been absent some little time, was ex- pected from New York this afternoon, and, sure enough, he did come on the four o’clock train. He went directly to the office of the firm and busied himself with the affairs, His: arrival naturally caused “considerable of a stir,” and led to the ex- pectation that some new features would be disclosed and some decided steps taken. This con- viction was proved to have been taken upon good ground, for about four o'clock the startling news was given out that the paper of the Messrs. Sprague had gone to protest. 1 learned that the Merchants’ National Bank held two notes, one upon the Spragues and the other upon the Rivers side Mills, alarge woollen manufacturing institu- tion at Olneyville, connected with the Atlantic delaine mill at the same place, and these two notes reaching their maturity produced the above- mentioned event—the protestation of the Sprague paper. THESE WERE THE CLOSING PROCEEDINGS of the day, and naturally enough produced much ad- ditional excitement, the treasurer of the Riverside Mills, Mr. George W. Chapin, declining to make any statement of the liabilities of that concern or give All facts thus far developed prove how utterly groundless were the hopes of preserving the credit of the house of A. & W. Sprague. When the report of that Investi- gating Committee is made known there will doubt- less be some surprising facts and figures given, and the financial policy of tnis great house set forth. Upon making a visit to Pawtucket this afternoon learned that two of the prominent banks of that town were affected by the crisis—viz., the First National and Slater bank—sthe former especially having, it ts said, taken considerable of the Sprague paper at the tempting offer of twenty per cent, All appear here now to be anxiously awaiting the “report of the Investigating Com, mittee,”* It is thought, in addition to the remarkably large amount of Sprague interest in the Cranston Sav- ings Bank, that the nature of the mortgages gen- erally is not wholly satisfactory, Tne officers of the institution aré As follows :— Presidenti—Amasa Sprague. Vice President—A. B. Dike, Directors~-William Sprague, Albert Dailey, G. B. Holmes, Albert S. Gallup and Thomas A, Doyle. The capital of the First National Bank of Paw- tucket is $300,000; surplus, $52,000, Appleton Park is President. The capitai of the Slator Bank, also of Pawtucket, is $200,000, of which Lewis Fairbrother is President. In the First National Bank—one of the Sprague banks—the city oi Provi- dence has a large money interest, The authorized capital of the bank is $5,000,000, but the Spragues are immensely wound up in it, Mills Belonging to Hoyt, Spragues & Co, at Uswego To Be Closed, OsweEao, N. Y., Oct. 31, 1973. Hoyt, Spragues & Co.’s woollen mills at Oswego Falis will close to-morrow until: further notice, Some 500 operatives will be thrown out of employ- ment, MONETARY “ STRINGENOY IN BALTIMORE, BALTIMORE, Oct. 31, 1873. The financial crisis has come closely home to Baltimore during the past week. The monetary stringency, which had previously been restricted in its effect, has at last borne with a heavy weight upon legitimate business men and manufacturers, and to-night they are anticipating a very gloomy Satur- day. The trouble is espectally feit in the oyster trade, which should now be employing 10,000 dreag- ers, shuckers and packers, instead 34 which boats are lying idle at the wharves and the packing houses are not halfemployed. The paralysis thus rhe tered extends ull through the counties ordering on the Chesapeake, the chief industry of which is the catching of oysters. The manufac- turing establishments of this city are either quiet or only ranning with half their ordinary force. The Baltimore and Ohio Railroad has discharged one- third of its force of 8,000 men, and the Knabe and Gaeule piano factories are as silent ag a church yard, Tuere is no business at all doing, except in the foreign trade, which continues Frisk on ac. count of standing engagements now being filled, The banks are 80 Conservative that business can find no relief from them, and there is a strong feel- ing growing that if they do not abandon their hoarding policy an effort will be made to force them out of it by applications in the Court of Bankruptcy, SUSPENSION OF LABOR, Portsmoura, N. H., Oet. 31, 1873, Four hundred workmen were discharged from the Navy Yard to-day, Commodore Guest, of the Examining Board, arrived at the yard this evening, LEWISTOWN, Me; Oct, 31, 1873. All the mills in this city, and shoe manufacturing establishments in Auburn, are running ou full time, ALBANY, N. Y., Oct, 31, 1873, Twenty workmen were dis ed trom the ratl- road shops at West Albany to-night, SUDDEN DEATH IN BROOKLYN, Last evening Officer Saladay and Roundsman Phelan, of the Second precinct, Brooklyn, found a man lying on the sidewalk opposite No, 17 Fulton Street. He was supposed to be under the influence of liquor. He was taken to the station house, and {two shght cwts were found, one over each eye, They were to all appearance not dangerous, butik Was feared that the man was dying. A physician and an ambulance were sent for. The physician Pronounced hin to be dying. Before the ambu- ance arrived he was dead, About midnight he Was tdentined by his wit and. two daughters as Dennis Ryan, of No, 65 Main street, Brooklyn. The Scene that followed was heartrending, and until they were removed the women filled air with their lamentations, The cause of death is sup Dosed to be concussion of the bratty BEECHER AND TILTON. The Membership of Theodore Tilton Considered at Plymouth Church Prayer Meeting—Ad- dresses by Tilton and Beecher—The Exam- ining Committee’s Report Adopted. Alter the usual Friday evening prayer meeting of Plymouth church was closed last evening and the benediction pronounced by Mr. Beecher a regular meeting of the church was held for the admission ofmembers, Mr. H. Raymond acted as chairman and @ motion was made to exclude all persons present who were not members of the church. The lecture room was well filled, and it was noticeable that there were some present who were not members, This was opposed by Mr, McKay and others, and on being put to the vote was lost by a large majority. After the names of the proposed members were read by Mr. Halliday they were accepted, and a stated meeting of the church was held to receive @ report from the Examining Committee, which cons! of twenty-three mem- bers, Mr. Halliday read the report, which had ref- erence to CERTAIN CHARGES preferred against Mr. Theodore Tiltop by Mr, W. F. West, The following is the report :—, Brooxiyn, Oct. 24, 1873. Rev. 8, B. Hantipay, Clerk of Plymouth church ;— Dear Brotnxr-—At a meeting of the Exaimining Com- mittee of Piymouth church, held last evening, the follo ing preamble and resolution were passed :—Where charges were presented to this committee by Mr. W. West against Theodore Tilton; and whereas a speci committee having been appointed by this committee to Wait upon said Tilton in reterence to said charges the said Tilton, on the evening of the 6th of October inst., made answer to the special committee in attendance on behalf of Plymouth church:—'Never considered myself @ member of jt. and I do not now, nor does the pastor of this church consider me a member; and (do not hold myvelf amenable to the church, and am not now a mem- ber thereot.’ Whereas it thus appears that Theodore THl- ton, a member of the church, has abandoned his connec. tion with the church by continued absence from its ser- vices and ordi: Te “Resolved, That this committee recommend to the church that’ the name of ‘Theodore Tilton be dropped {rom the roll of membership of the church, as provided ae T. W. TALMAQE, by rule 7. . W. Clerk of the Examining Committee, A protracted and complicated debate followed this report upon points of order, and mainly as to whether Mr. Tilton should be expelled or “dropped”? by the correction of the roll. In the midst 01 this discussion Mr. Tuton arose and was invited to take the platform. ME. TILTON’S ADDRESS, Mr. TILTON said :—If I have a right to speak here to-night I desire to say aiew plain words, Twenty yearsagol joined this church, and many of the most prectous moments of my_life centre around these wails, Four years ago I ceased my mem- bership; nor have 1 been from that time till to- might under this roof. In retiring from Plymouth church I did not ask ior the erasion of my name from the rolls, because the circumstances were such I could not publicly state thein without wounding the feelings of others besides myseif. During these years of absence a story has filled the land, covering it like a@ mist, that 1 have sian- dered the minister of this chureh, Mr. SHERMAN here rose to a point of order, that the question of slander was not before the meet- in The point was overruied and Mr. Tilton pro- ceeded, He said:—Last summer Mr. Beecher published an explicit card, in a Brooklyn newspaper, exempting me from this injustice. Notwith- standing this public disclaimer by him on my b hals, a committee of this church by its action has given rise to injurious statements in the public press, that my claim of non-membership is made by me in orderto avoid my just responsibility to the church asa member. I have therefore come here to- night not from any obligation of membership, for ] am not a member, and not governed by any of its rules, and not because any committee has summoned me, but of my own free will, prompted by my self-respect and as a matter vital to my life and honor, to say to Mr. Beecher, in his presence, surrounded here by his friends, that, if I have slandered him, Iam ready to answer for it to the man whom I have slandered. If, therefore, the minister of this church has anything whereo! to ac- cuse me, let him now speak, and I shall answer, as God 1s my judge. The speaker was loudly applauded at the close of his remarks, The discussion of the main question of expul- sion, or correction of the roll, was renewed, and resulted in a general. complication of amendments and counter amendments. In the midst of this Mr. Beecher arose and advanced to the platform, MR. BEECHER EXPLAINED at length the difference between the Presbyterian and Congregational mode of church government, and also pacnrer age that had grown up under his. direction and tufiuence, of the receiving and with- drawal of members trom Piymouth churcn. In refer- ence to this case Mr. Beecher said :—Mr, Tilton had been absent from the church four years, and that, to Ins (Mr. Beecher’s) personal knowledge, his relations to the church had been’separated by Mr. ‘Tilton’s own act. That might not have been regular, butit was valid, There were many things that were not regular that were valid. In this case for four years Mr. Tilton has not been present at any of our meetings. We have known it, and never protested against it, certainly not to him. We now go back to it for the sake of drawing into the church a troublesome case of discipline, which is neither wise nor according to the administration of the principles of membership of this church, He asks if I have any charges to make against him. I have none. Vhatever dit- ferences we have had have been ey, settled, and, so far as 1 am concerned, buried, and, 80 far as he Is concerned, buried. This whole mat- ter has not been done with my consent and this whole matter is against my judgment. I have said to the brethren that to take up this matter would only stop the proper business of the church; would carry them where they would end only just where they began, and was notcalled for certainly by the judgment of the church. Ihave held this opinion from the beginning, and still hold it. Aiter a further discussion on points of order the report of the committee was adopted by a vote of 221 to 13. The meeting then adjourned, ART MATTERS, Art matters are not so flourishing as they were this time last year. Few purchases are being made at Schaus’, Snedecor’s or Knoedier’s, and still lewer commissions have been given. A great many artists have not yet returned to town. Their principal resorts in this city are only slowly filling up. Within another week the Tenth street building, Association Hall, Dodworth Hall, the Dodworth Building, and the little studio nests scattered at random over the city will prob- ably be well occupied once again. At Association Hall, the fourth and fifth stories of which are monopolized by artists, it is sadly evident that the want of an elevator has kept the majority of the artists from returning. The eie- vator at this building runs only from November 1 until June 1, Consequently it goes into operation to-day, so that on Monday quite an influx of painters, who bad rather mount their pictures than mount the stairs, may be expected. | At present Mr. Leavitt is the only auctioneer in the city who announces a sale of pictures. He has a large and important one next week, Schenck Is as good as dead so far as any signs of auction are visible about him, and Somervilie clings on to Fag- nani’s “Nine Muses” as affectionately as the pub- lic ought to, but don’t. A picture sale is brewing at the Hazeltine Art Gallery. Snedecor has brovght only six or seven | pictures over irom the other side of the Atlantic, and Schaus is sending some of his back, hoping to find a better market there. Mr. J. B. Bristol has removed from 806 Broad- way, where his quarters were rather gioomy, and has @ very snug little studio on the top floor of Association Hal). He has been spending the sum- mer among the White and the Green Mountains, with trips to Lake Champlain, Lake vunmore and Ticonderoga, brin: ing home with him a large port- foho of studies, e has just hes fg an oll painting | representing Round Pond, and presenting some of the more striking characteristics of that iron region, Another oil painting, the subject of which is the old tort at Ticonderoga, awaits some fintsh- ing touches. The fort is ta ruins, and a Rises. grown pathway, which sheep are tond of visiting, extends between two of the crumbling walls. The ruins, however, are not sufficiently interesting as ruins to become the subject of a picture unaided by human accessories, and these, we understand, it 18 Mr. Bristol’s purpose to add. ‘Lake Dun- Bacon. is another promising picture, only just un. Mr. A. T. Bricher, who was latd up with illness fora month, made excellent use of his conva- lescence and recovery, His portiolios brim with studies made among the quiet and beautiful scenery of Uister county, The most notable result of his sojourn there is “Gray Morning—The Old Harley Chureh,” showing an antique house of God, two centuries old, catching the light of very early morning breaking over the rich woods and peace- ial waters of Ulster. Narragansett Pier has fur- nished Mr, Bricher themes for two large, excellent marines, executed with that deep and pure feel- ing which was go conspicuous in some of his last season’s pictures. 5 Mr. L. M. Wiles is at Perry, Wyoming county, N. Y., and the only evidence of his handiwork is a card stuck in the door giving the information, Frost Johnson, who has jor a long time been located on the top floor of Association Mali, 18 80 Successful an artist that one is Inclined to regret that during the past year he has done nothing but teach others the principles of drawing, perspective, rtistic anatomy, composition, color, modelling id so forth, This may ultimately increase the number of painters in New York, but mean. while it deprives us of the immediate fruit of one of our mogt hovorabie aud tious artists, How- | of Albany, to turnish the Depa ever, Mr. Frost Jobnson will probably find time, between Intervals of instruction, to paint some- thing himseif this winter. It is always desirable to have new works (roin a pupil of M, uard Frere. Mr. A. F. Tattis at work upon his beloved ani- mals, butis presently going to the Adirondacks, where he haa a farm and where he intends tostudy and paint during the long winter by setting in. One reason why Tait’s treatment is generally 80 fresh and true ia because he goes to his models instead of importing his models to him. Consequently he always gets them in their best state. He don’t it to paint a grape ts to be a raisin, and James M. Hart we mentioned only & few days ago. Mr. William Hart is doing more valuable work than ever before, and has few equals in bis autumn scenes. Mr. James M. Hart has spent the sumer studying cattle, and comes back to his studio with a more intimate knowledge than ever of “our poor relations.” ‘Those who doubt the durability of water colors had better call on Mrs, E, Murray, who occupies the studio in Association Hall which recently be- longed to Brevoort. This beautiful studio abounds with water colors, many of which, painted mare gO, have apparently not lost an atom of heir first freshness. Mrs, Murray’s most valuable work, and that upon which her reputation chiefly resta, is her Spanish faces. Her budget 1s full tor the next twelve months with European orders, During the summer she made several pretty and interesting but not important studies in the neighborhood of Portland, Me. R, Swain Gifford is still at New Bedford, Mass. mr. Tiffany was 1n his studio yesterday, for the first time for many weeks, He spent the summer among the Green Mountains and at Irvington, has brought back a few studies which contain good suggestive material, and is finishing an Egyptian scene for exhibition at the Century Club to-night. THE PHELPS DEFALCATION. Reports of Expert William E. Warren to Governor Dix—A Singular Custom Noted—The Free School Fund Over- drawn to the Amount of $42,666 64. ALBANY, N. Y., Oct. 81, 1873. William E. Warren, the expert who, under the direction of Governor D1x, is making an examtina- tion into the affairs of the State Treasurer’s office, hag made two reports to the Governor, which cover parts of the examination. The first relates to the money securities for the performance of canal contracts and the second to the free school fund, Stare or Naw Your, Trussonmn's Orrice, } ALBANY, Oct. 30, 1873, Sin—I respectfully submit herewith ‘the result of my examination of ths Treasurer's aci canal fund. ‘the moneys t as you are aware, kept enti loriging to the other ‘unds of (he state. According to the certificate of the Auditor appended hereto the aggregate Amount on deposit in the State Treasury at the close of business on Thursday, October 16, 1873, was — EXPLANATORY FIGURES. To the credit of the canal fund. $,$3,605,351 19 ‘Yo the canal fund. 087,437 30) To the repair trust 5,205 92 To the contractors’ deposit’ iund under control of the Commis- sioners of the Oanal Fund and embraced in the Ircasurer’s re- ceipts to the Canal Commi ers for suck deposit, 62,707 97 Thero has been produced evidence satisfac- tory to me, showing that there was a de- josit in various banks to the credit of the reasgurer 01 ount of the canal fund on the date above specified, as per schedule, the sum ol... He ‘i Add sundry ‘it f int on advances charged and deducted by the banks, but not paid as credited tothem by the Treasurer for the lack of proper appropria- tions, as hereinafter stated....... Less amount o! Treasurer's checks outstanding October 16, 1873, ag Per statement below... 251 19 3,648,046 00 $10,447 00 7,304 00 Total ag AbOVE........ oe seeeee Croresereteere: $3,655,351 00 In relation to the seVeral bank balances as above, I am informed that, by an arrangement between the banks, except those in Albany aud New York aud the Canai Department, the former report their receipts for each month to the Auditor, to whom the collectors iso make their reports of the deposits with the banks, and the Aaditor notifies the Treasurer on the 20th of each month of the amounts which have been deposited to his credit in said banks during the preceding month, and the latter thereupon charges, or should charge, the amounts to suid banks respectively. In my judguient the original accounts and certificates of the cashiers of the deposit banks should be transmitted by them to the Treasurer. Duplicates of the ame should also be sent by them to the Auditor. ‘At the date fixed for the general exhibit of the cond!- tion of the Treasury, October 16, the returns from the deposit banks in the interior, say Nos. 1 to 6 inclu- sive, for the month of September had not been received consequently the balances of August 31, less checks paid since that date, are used in the scheduie, ‘The balances due trom banks Nos. 60 to 65 incin- sive, are the same as those represented by the passbook accounts of those banks respectively. which at my quest were written up and the balances carried down, on the date above mentioned. The only evidence p: duced of the amounts represented to be due from various imsolvent banks, Nos. 66 to 76 inclusive, are in | the bank ledger in the Auditor's office. which were shown tome. The amount belonging to the Repair Trust tund, represented to be on deposit iu the Bank of Monroe, Ko- chester, No. 76, is vouched by a certtficate of the cashier of said bank, dated J 4, the last amount received from him. |The several balances due from the bonds numbered 78 to 8 inclusive, represent loans from “MONKY DEPOSITED BY CONTRACTORS, made to said banks respectively by the Commissioners of the Canal Fund, including Portion of the interest accrued thereon.’ The principal of each of suid. loans is represented by a certificate of deposit in the bank mamed, ‘4 SINGULAR CUSTOM. I will here notice what appears to be a somewhat sin- gular custom in relation to the passbooks of the canal deposit banks, which, instead of being kept in the Treas- ury Department, are retained in the Auditor's office. It appears to me that the Treasurer isthe prover officer to have the custody of these books, and also the warrants and checks drawn for all payments, as well on account of the Canal fund as of each of the other funds of the tate. In conclusion it affords me pleasure to acknowledge the promptness with which I have been {urnished, by the honorable the Auditor of the Canal Department, and the Treasurer, with the facilities and Intormation Te- quired in preparing this report; also the kindness of the everal bank offclaia in ‘weitiig ‘up aud iurnisiing the Accounts of thelr respective banks spect submited, ee 'W. E. WARREN, Pablic Anditor and Accountant, To His Excellency Governor Dix. Tux OTHER REPORT. Stare or New Your, Thxasunen's Ortic, Aunaxr, Oct. 30, 1673." 1 have the honor to subinit to you herewith a re- rtof my examination of the freasurer’s account of the Free School fund. According tothe certificate ot the Hon. Abram B. Weaver, Superintendent of Public Instruction, hereto, ibe said fund was overdrawn on Tuesda 16, 187 z amount of. duet warrant No, 149, Sept. 12, 1873, then un- The passbook account of th Commercial Bunk of Albany shows & balance standing to the debit of the (reasurer of the Biate of New fork, on account of the Free School fund, October 16, 1873, of. Add amount ‘of Treasurer's nec! afloat aud unpaid, per lis $41,368 59 928 $42,297 49 ‘Less balances of interest on advances to the State, charged and deducted by the bank, but not paid or ere- dited for the by the Treasurer ot ay ‘iz. ppropriatior amount occurred in drawing check No, 56, November 9, yment of warrant No. 16. say for $8320, , called for. fod the warrant. This error nis day, October 3), 1873, been rectified by the ‘Treasurer's check for the same amount, No. 51, which has been deposited to the credit of the Free School fund. With this correction, the accounts of the Department of Public Instruction and of the deposit bank both agree with those of the Treasurer, which are found to be correct. Tdecm it pik ite that the passbook account of the National Commercial Bank with the Free School fund since October 1, 1872, a up and the checks paid and g the Treasurer on the first day of each month, an also on the i6th inst; but no examination of said account and | vouchers had been made in the Treasurer's office until now. This necessary work, which has so long been neg: lected, has now occupied the Treasurer nearly a week to accomplish, It appears to me that such an examination and comparison of the passbook account of the deposit banks should hereafter alwavs be made every month, hoth by the Treasurer and by the Department of Public Instruction. Perhaps A NETTER WAY would be for the Treasurer to render to the Superintend- ent periodically an account current, showing bis re ceipts, disbursements and balances, to be accompanied by acertificate of the deposit banks, setting forth the balances then standing to the eredit of said tund, which should always be the same as that shown by the pass E. WARREN, book account, paw eH Ey ‘, ‘ublic Auditor and Accountan: To His Excellency Governor Dix. Since writing the above I learn that arrangements have been made with the National Commercial Ban! ment of Public Instru tion hereafter with a duplicate @f the passbook accouut, with the treasury of the free school fund. No: $98 September 40 BS No, 39% September Y No. 1, October fy 187 + 233 87 No. 20, October 1; 1873. + 12320 No. 3, October 1, 1873. 26 02 No. 86, October 1) 1873. 1h 83 No. 38, October 8} 1873. 1 No. 89, October 8; 1873. 230 04 No. 42, October 8, 1873. 103 44 No. 46, October 8 1873. 4677 Total veeseeee seoeee sevens “ » State oF Naw York, Derantuent or Pustic Lysravction, Sorsetnrexpunr's Orrice, LBANY, N. Y., Oct. 1873. At the request of William KE. Warren, special account ant, &c., Edo hereby certity that at the close ot business, on Thursday. Gotober 16, 1R7B. the Free Schoo! Fund, ac- cord eo Depar to cho amount of $42,006 @4, Pr tNenh was overdrawn RAM BR, WEAVE! Superintendent ot Public tnstract Appison A. Keyes, Bookkespe Nt adhe A ROUND HOUSE AND LOCOMOTIVES BURNED, Sr. Lours, Oct. 31, 1873, ‘The round house of the St, Louis and Southeast- ern Railroad at East St. Louis, together with two locomotives, was burned to-day. The loss is about $40,000, the Insurance on whiab ia not KROW Me AFRICA AND LIBERTY. The Reception of Lord Churchill by the Colored People—The Philanthropists of Engignd—The Explorati: in Africa— The New York Herald Opening the Way to Christianity and Civiliza- tion—Livingstone, Baker ana St: ley. ‘The colored citizens of New York held a public reception at Cooper Institute last evening, for the purpose of extending a welcome to Lord Alfred 8, Churchill, the Rey. James Davis and other Christian philanthropists, and, through them, to tender to the philanthropists of Great Britain and the Continent the expression of their esteem and appreciation of their efforts in the cause of liberty and the spread of the Gospel. A few white citizens, especially interested in the African race, occupied @ position on the platform. The hall was com- fortably filled with colored people of every shade. About eight o’clock Lord Churchill appeared on the stage, escorted by Mr. Peter Cooper, and was greeted with wild applause. Immediately followed @ deputation of the more prominent colored citizens, whose appearance excited more enthu- siasm. After a list of oMcers was read the chair- man, the Rev. Henry Hyland Garnet, D. D., stated the object of the meeting. Prayer was oflered by the Rev. Mr. Young. The hymn commencing All hall the power of Jesus’ name was then sung, after which followed a series of resolutions, showing the appreciation of the colored people of the efforts of those here and in Europe who have labored for their emancipation, thanking the various socteties and individuals especially active therein, and closing with a RESOLUTION OF GRATITUDE to Lord Churchiil. The Rey. Mr. Brown moved the resolutions and made an eloquent speech, thank- ing God that in looking over this vast andience and thence to the distinguished gentleman they come here to honor, he saw not a single siave. The chains which once bound the limbs of so many of you are broken and you are free. Nor shail we stop here. We propose to turn our atten- tion to Africa, where Livingstone, Baker and others have labored so long, and which, thanks to the energy of A NEW YORK JOURNAL and a New York reporter, has been opened to us. We will go torth to preach the Gospel to every creature and will make the silence of Alrican Jungies give praise to God. In seconding the resolutions, Theodore Brown, after thanking the audience for their reception, said that he recognized on the stage some of the “old guard” in the battle for the rights of the col- ored people. He spoke highly of Lord Churcaill’s efforts in Great britain at the time Livingstone was there—Livingstone, who has since returned to the intertor of Africa, and whom we know still lives, thanks to the enterprise and munificence of the New York HERALD and the energy of its representative, Stanley. He gave asketch of the action of the working people of Great Britain during the war, and closed by advising the colored people to forget all past differences and to fraternize together to advance the interests of Christ’s kingdom, LOKD CHURCHILL was then introduced to the audience and received with enthusiasm. He said:—‘‘My good friends, IL am happy to meet you on this most interesting oc- casion, and to receive the expressions contained in aout resolutions addressed through me to the phitanthropists of England, He referred to the visit of Mr. Bowen to Great Britain in 1859, at which time the speaker was a member of the House of Commons, when he could devote more of his attention to Airica than he has since been enabled to. He referred to the interest in the colored peopie of America then felt in his country, which was, to @ great extent, to be attribated to the work of Mrs. Harriet Beecher Stowe, which opened the eyes of the people to the sufferings of the slaves, The African Christian Civilization Society was then formed, the object of which was to induce tie colored people to emigrate to Alrica, and so form a nucleus for the civilization and Coristianizing of the natives, It did not suc- ceed, 4 for some reason, you would not go. (Laugh- ter.) ie explained the war at present existing on the west coast of Africa as growing out of a desire on the part of Great Britain to put down the slave trade, and though great suffering, expense and bloodshea were ikely to follow he thought the uiti- mate effect would be to open up the waole of that wealthy coast to the refluing influences of Chris- tianity. In reference to the east coast he said the efforts of Livingstone, Baker, and more recently of your own countryman, Stanley, the represenia- live of that GREAT METROPOLITAN JOURNAL, which have been referred to, have shown it a Magnificent country, where man’s only enemy is man. He prophesied that the time is not far dis- taut when that whole country shouia be opened, and, in fulfilment of the prediction, “Ethiopia stretch ner hand to God.” In conclusion, he ex- pressed his great pleasure at seeing the colored peopie in this country and witnessing the prog- ress they are making, and he advised them that there was no position to which they could not aspire, and that they should not rest content with mediocrity, but press forward to the highest place. Other speakers followed, and the meeting was kept open untill a late hoar. THE TWENTY-SEVENTH STREET MURDER, Coroner Herrman Makes an Investiga= tion—Verdict Against the Boy Mc- Mahon—He Is Committed to the Lombs. At eleven o’clock yesterda morning Coroner Herrman commenced an investigation at his office into the circumstances attending the death of William Scanlon, the youth of nineteen years, who, on the 27th ult., was fatally stabbeq in the chest with a knife in the hands of John McManon, during aslight quarrel between them in the soda water manufactory of Crotty & Madden, No. 129 West Twenty-seventh street, McMahon, who is a hardened looking boy of sixteen years, was present, with his counsel, Mr. Beach, and listened to the testimony against him with all the com- posure imaginable. Below will be found a report of the most IMPORTANT TESTIMONY elicited before the Coroner, and the verdict of the jury. Emile Punelier, living atthe ¢orner of Twenty- fourth street and Seventh avenue, deposed that on the day of the murder deceased and prisoner had hara words about fifty cents claimed by the pris- oner, who was ordered away; they had aclinch or two 1m the shop No. 129 West Twenty-seventh street; saw McMahon holding a knife in bis hand and James Slattery attempted to wrench the knife from him ; heard the prisoner say, “Get away, Jim Slactery, or I will stick you too; saw the prisoner and Scanlon clinched, and heard Scanlon exclaim, “Jesus, I'm killed; run for @ priest;’’ saw Scan- lon’s shirt stained with blood, and ran for @ doctor; saw McMahon throw down a bottle of ale on the sidewalk, and he also threw away a knife, which the witness picked up; then examined Scanlon and jound him to be dead; Mc- Manon started away, but he was arrested by omMcer Kelly; McMahon had been ordered away by Scanion, who was a steady, industrious man; Mc- Mahon had been employed there, but was dis- | charged on the 20th of September; did not see the prisoner strike deceased with the knife. JAMES SLATTERY, of No. 129 West Twenty-seventh street, deposed that on the aiternoon of tne murder deceased ked McMahon if he would feed his horses, aud he said, “No, I want that fiity cents McMahon was then advised by Scanlon to go and look for a job; then Scanion either struck or shoved (cMahon, and they had a) clinch ; McMahon had two botties o1 ale in his hand, | and in striking at deceased nit the witness; Mc- Mahon then ran up the steps, but in afew moments returned with a knife in his hand; he and witness had a clinch, but McMahon squirmed away and ran towards Scanlon, who clinched with him; in a few moments Scanlon cried ont, “My God, I'm stabbed; ran for a priest;” saw the blood gush from deceased's shoulder; saw @ bruise on de- ceased’s face at the station house; the knife the prisoner had in his hand was a long one; deceased ‘was a quiet, steady man. ABEL L. RRED, of No, 124 West Twenty-seventn street, said that on reel Jast he saw the prisoner very much ex- cited, with a knife in his hand and using proiane and indecent language; Slattery and McMahon scutlled, and the latter made tor Scanlon, who 1n a few moments exclaimed, “‘My God, I’m stabbed ;’’ the blood gusied from the body as if an artery had been cut; McManon then ran out, pursued by the Witness, When McMahon said to him, “Keep away or I will serve you the same way;’’ McMahon was followed and arrested by Omicer Kelly; the knife shown looks like the one McMahon had in his hand, John Gulan, employed in the grocery store No. 131 West Twenty-seventh street, testified that the butcher's knife shown looked like the one taken from the store on Monday last; the knife was kept under a meat pench near the door, OFFICER KELLY, of the Twenty-ninth precinct, testified to the ar- resting of tue prisoner aiter the murder and taking him to the station house; noticed that his lip was cut and bleeding and that one of his hands seemed to be a little swollen; the prisoner made no serious resistance, Deputy Coroner Joseph Cushman, M. D., & made the post-mortem examination, testifled oe he found the subclavian and mammary an es severed and that death resulted from eg) S Coroner Herrman then delivered the case jury, who rendered the following v ERDICT. “That William Scanion came to his death jes hemorrhage from a stab wound of the chest ficted with a knife in the hands of John Mcwancn, at No. 129 West Twenty-seventh street, on the 270! 873.97 “4 fuavice of iw coonsel the prisoner declined statement touching his guilt or inmo- fanoe ‘and was committed to the Tombs for trial. ee THE DISTRESSED NAST. The Voice of the People Rebuking Ingratitude— Aid for the Hero of the Blackboard— The Fund Steadily Increasing. In the Cold Shade of Poverty. To THE EDITOR OF THE HERALD:— : In response to your appeal for aid in behalf of Nast, the artist, I herewith enclose $2, I should feel impelled to increase this sum if I did not op fect that the artist has a countless constituency admirers, each of whom by contributing ever so small a sam woula make the aggregate amount tat @ handsome fortune. I never read without a feel4 ing of painful emotion of those instances in pss and present history of genuine merit le! to shiver and starve in the cold shad ba heglect and poverty, while preten and humbug are patronized, applauded ana en+ riched. The case of Mr. Nast te im point, Hig talents have swelled the aMuence of his publishers,) while he remains poor; have lifted up to pro places and thrown a nimbus of greatness aroun men whose natural level was obscurity, yet th artist remains neglected. It may be said such the way of the world. The instruments men use to elevate themselves to power and wealth are thrown aside with contempt when the object ist attained. But in the nineteenth century4 with its eclectic intelligence, its broad sympathies and catholic benevolence, case of this kind is a reproach to an enlightened people. We pride ourselves on our quick recognition and generous treatment of tal~ ent. We have allured to our shores some of the brightest skill of Europe by this delusive reputa tion—delusive in the sense of being empty; for while we are willing enough to praise with honeyed! words the performances of art we are too cold anw selfish to help and befriend the artist. Mr. Nust has not improvea his condition by emigrating to “the land of the free and the bome of the brave.’* At home, in his own land of Switzerland, his geniu# would have been better rewarded and more hon- orably distinguished. We have much to b@ ashamed of indeed. 8. D. The Folly of Being Poor. To THe EDIroR or tHE HERALD :— I send herewith just tive cents for the aid of Nast,) to cure him of the folly of being poor. It is hisowml fault if he has got to chalk pictures on a black board for aliving. Why did he not act hike thal Politicians of the party he helpea with his pencill and go in for “a@ rak The. of the people’s money? ck, but they put no stamps y Say, “You're a nice fellow,! Nast,” and all that sort of thing; but their apprecia< tion stops just there, and Nast may starve for they are concerned, ANTI-POLITICIAN. A Half Dollar Rebuke. To THE EDITOR OF THE HERALD:— Put me down for fifty cen's to the Nast subscrip~ tion. The amount is smail, but the rebuke is all! the greater, of the men who traded on this young man’s brains, to secure money and position. INDIGNANT. Help from a Brother Artist, New York, Uct, 80, 1873, To THE EDITOR OF THE HEKALD:— Enclosed please find one cent tor the Nast Reliefi ‘Fund. I think an ariist—and a foreign artist— who has devoted his talent—and snch talent as Nast possesses—to the elevation of the present administration to power, and thus bringing upon: our nation its present financial diticulties, and bringing so many poor families to want, ought tor be encouraged. A POOR FRESCO PAINTER, An Organ and a Monkey for the Suffers ing Nast. To THE EDITOR OF THE HERALD:— It would be next to impossibie for me to expres® my keen sorrow and indignation on reading “Amicus’"’ letter in your columns the other morn- ing. What has this world of iniquity come to? Is it possible that a Hogartho Dorian genius is al- lowed by the people of America to suffer from want? Ohno! It cannot be. I for one will set the exaraple and give a little out of my little store to- wards your fund for poor Nast! Here are five cents—five real cents. I give them from my heart as a testimonial of my enthusiastic admiration for the divine genius of the Hogartho Dorian contrivutor to the pages of that noble periodical, the Journal of Civilization. Well, now let me suggest what ought to be done with this five cents, how it ought to be expended’ to the greatest advantage for the benefit of the suffering Nast. This, Mr. Editor, is a bad time for subscriptions. I fear that with this dreadful “panic” you will not realize a sufficient sum to buy dear Mr. Nast a brown stone palace just yet.) Meantime, suppose, instead, that you purchase’ him an organ and a monkey with this money; surely when added to the biackboard and white’ chalk entertainment they will prove very attrac- tive. An organ and a monkey for Nast then, and hurrah to him. MONSIEUR, MADAM AND BABY, “Nast”—A Chance Etchings. To THE EDITOR OF THE HERALD:— If it has really come to that pass with nature’s noble son, Shack Nasty *‘Nast,”’ of the fertile braim and nimble chalk, that he is compelled to work for’ his board, I for one, as a resident and citizen of this Republic, cannot refrain from biushing at the ingratitude which could be so base as to lorget the; great Modoc cartoonist. Such being the case, I! herewith tender him a ranche upon that odorous reservation of our beauti(ul harbor, Barren Isiand..: Here, too, remote from the nvise, dust, bustle an@ babble of ingrate Gotham, he can eniarge his artis- tic knowledge by deiving in a new field of art, the: rendering Of animallite. Agriculturists, it is true,, have drawn largely irom the sources of the prolific’ island in question, but that need not deter that gracetul scion of art irom drawing at this prolific fount. Of his capacity and peculiar adaptation for such a field those who have pondered over his former labors can have not the slightest doubt. Trusting that he will accept the tendered hospi- tality of Barren Isiand, I beg to remain, ADMIRER OF ART. Help from a Press Gang. OFFICE OF THE ——, NEW YORK, Oct, 30, 1873. To THz EDITOR OF THE HERALD :— We, the undersigned, members of the fourth estate, feeling the deepest sympathy for our brother Bohemian, Nast, in his impecuntosity, and believing that even an amount as small as the widow’s mite may be accept. able, as evidencing not only our warm interest in his misfortunes, but as &@ means Of pro- viding him with at least one square meal, thereby sparing him for a day, atleast, the necessity of calling at the back gate for the cold victuals which we understand Grant io his generosity orders to, be saved from the scraps which would otherwise go to the “Yellow Dog, U. 0. D.”” The immensity of our regard for the distinguished artist is in inverse” ratio to the amount of our contributions, and jan- guage fails when we attempt to express the intense, admiration we feel for his chivalrous and truthiul attack upon the South, bloated as it is with wealth, fushed with victory and revelling in the spoils of government. e doubt not that this appreciation is almost equalled by that felt for Nast the Catholics for his able, tasteful and admirable portraitures of the Holy Father and Holy Church. in conclusion, Shack Nasty for we beg to subscribe ourselves, very respectfully, . THE PRESS GANG. A Postage Stamp Towards the Fund. AsToR House, Oct, 20, 1873. To THE EDITOR OF THE HERALD:— I cheerfally respond to your suggestion, and herewith hand in my mite to swell the Nast fund. Let the good work go on! This brilliant artist ought to be relieved; for he is the man who “lec us have peace” and U, SG. Enclosed please find ost stamp, Were it not for recent fnanciab Gimed ties, whic , in spite of the efforts of our, hero President, have brought me to the verge of suspension, It would be larger. GRATITUDE. pPchteersta eer: Dee COLLISION ON THE HUDSON. At a quarter past five P. M. as the ferryboat Delaware was crossing the river upon leaving Chambers street, and when half way out in the stream, opposite pier No. 42, she was run into by, the ferryboat Erle, of the same line. The collision did not prove disastrous, and no Se are Tae The Delaware began to sink a few minutes later, her side having been stove in, but by the efforts of the engineer, Who attached the donkey pumps immediately, he succeeded in keep- float. she wae crowded with passer, who were transferred without dificuity to the Erie, and she was towed to the foot of Canal street by the tug- boat Ida Miller, where she ran on the bow of the tug Schuyler, sinking her instantiy. ‘his doudle collision made the river quite lively for thetime. Misfortunes never come singly. The col- Haing boats were, however, brought sufely to their respective dovks, and, thanks to Captain his platoon of men, or was observed. While their Inudable efforts be ly @ panic andto save goods Were crowned with success, twelve horses being rescued, besides a considerable quan-, tity of merchandise, ‘he collision took place undoubtedly through sheer carelessness. The men on duty had uo log or mist to lay the blame on, and the proper author~ ities should see that the lives of the traveling public are not to be jeopardized by the reckless Less OF rashoess of their jertyboat officials,