The New York Herald Newspaper, September 3, 1875, Page 7

» THE EASTERN COMPLICATION, ustria Threatens Servia with Armed Occupation, {Servia to Issue an Explanatory Cir- cular Letter. ‘RUSSIA TO PROTEST. ‘Outrages by the Turks on the Servian Frontier. TBOSNIA’S REBELLION QUELLED. ({SPECIAL DESPATCH TO THE HERALD BY CABLE. } Lonpon, Sept. 2, 1875. Reliable information received here from Belgrade states that the diplomatic repre- sentative of the Austrian government at Bel- 4#@rade has intimated to the Servian officials that any wilful acts of a warlikenature against “Turkey will be immediately followed by the ~entry of Austrian troops into Servia, THE CAUSE OF THE THREAT. This threat was based, it issaid, ong desire ‘on the part of Austria to preserve neutrality, VIOLATIONS OF THH SERVIAN YRONTIER NOT +CONSIDERED. The repeated violations of the Servian fron- ‘tier by the Turks, who in their incursions had murdered peaceful villagers, seem to have been entirely dismissed from consideration dy the Austrian diplomats. SERVIA TO PROTEST, Tt is expected that Servia will shortly is- weue a circular note, setting forth the neces- ‘sity of protecting her borders from Turkish incursions. RUSSIA TO BACK THE PROTEST, It is believed that the circular note will be followed by a protest from Russia against the action of Austria, if the information at hand ‘regarding the Turkish incursions is con- firmed. MAKING LITTLE OF THE RAID ON SERVIA'S BORDER, A Vienna newspaper says the violation of Servian territory, reported to-day, will probably prove to have been merely a fron- tier raid by Turkish civilians for the purpose of stealing cattle. WIOLATION OF SERVIAN TERRITORY BY THE TURKS, ® Bexenave, Sept. 2, 1875. The government hag notified the foreign representatives here of the violation of its territory by the Turks, TURES SACKING VILLAGES, A party of Turks entered Servia, in the meighborhood of the Stolatz mountains, and -assassinated several villagers and stole some cattle, ‘UNFAVORABLE NEWS REGARDING THE HERZE- GOVINIAN INSURRECTION. ; fi Lonvon, Sept. 2, 1875. The news from Herzegovina is of a con- Glicting character, but its general tenor is unfavorable to the insurgents, who have been ‘unsuccessful in several recent encounters with the Turks. THE BOSNIAN REBELLION SUPPRESSED. The rising in Bosnia has been effectually suppressed, MONTENEGRO AND SERVIA, The previous reports of assistance given to tho insurgents there by the Servians and Montenegrians are not sustained. THE AUSTRIAN AND RUSSIAN CONSULS, A special despatch to the Times from ‘Vienna says the Austrian and Russian con- guls in Albania have arrived at Ragusa, A PEACE CQNFERENCE TO BE HELD, They will jointhe German Consul there and goto Mostar to meet the French and ‘Italian delegates and Server Pacha, when a -eonference for the pacification of the troubles in Herzegovina will be held. TURKEY SAYS SHE WILL NOT CEDE AN INCH, An article in a semi-official journal ‘of Constantinople resents foreign interference and declares that Turkey is fully equal 4o cope with any rebellion, and will not «ede an inch of territory in deference to idle demonstrations. THE NEGRO INSURRECTION, CLOSE OF THE TRUL OF CORDAY HARRIS—A VERDICT OF “NOT GUILTY’—THE COLORED POPULATION GOING TO ANOTHER STATE, SANDERSVILLE, @a,, September 2, 1875. ‘After introducing fresh evidence to-day the State re- ‘mowed the attempt to introduce evidence as to tho state- ments of a co-conspirator with Corday Harris, showing Harris’ orders'to: march and if opposed kill; but the Court ruled it out as before, The State then closed, and thé defence introduced no witnesses, The argument for the State was devoid of all passion, and confined to @ discussion of the law of insurrection and a review of ‘the evidence, In his argument for the defence Mr. Akerman highly complimented the impartiality and calmness of the counsel for the State, Judge Johnson’s charge was al- most entirely technical, simply setting forth the legal mature of an attempt to incite insurrection and the doc- trine of reasonable doubt, the only exception being an earnest adjuration to dismiss the last lingering preju- dicg of race and try the prisoners precisely ag if they were white, The caso was then given to tho jury, and after being out until twelve minutes eight & verdict of “Not guilty” was re- turned. No disorder onsued, By arrangement of counsel the formal release of Har- ‘tis was deferred until to-morrow morning. All the other cases have been continued to the next regular ‘term of the court, and this special term ajourns to- morrow, A CALL FOR A MRETING, The following advertisement appeared in to-day’s Sandersville Herald:— * “Notice. —We, the colored citizens of Washington county, call toy yr the colored citizens of said county on the 18th ol lerevite’ Ler to meet at the Court House door, in Sandersville, for the purpose of choosing two upright and intelligent men to send to one or two ‘Btates for the purpose of finding some suitable place for id oogle to emigrate toy!” ' WEW YORK HERALD, FRIDAY, SEPTE MBER 8, 1875—TRIPLE SHEET. THE “VANGUARD” GONE DOWN. —_—-—___ : THE “IRON DUKE” COLLIDES WITH AND SINKS HER IN THE ENGLISH CHANNEL, Loxpow, Sept. 2, 1875. Intelligence was received here this noon of a collision in the channel between her Majesty’s war vessels Iron Duke and Vanguard, resulting in the sinking of the lat ter. No lives were lost. Both are double screw iron ships, armor plated, and of 6,034 tons each, {The ill-fated Vanguard was an iron-clad, 244 feet long, with beam breadth of 54 feet, She was rated inthe English Navy as a fifth class ship, and carried fourteen heavy guns, The Vanguard, when built and appointed, cost about £300,000, or $1,500,000,—Ep, Hxnato.) THE AMERICAN CARDINAL. TO VISIT FLORENCE AND TURIN BEFORE TAKING THE “TITLE” OF CARDINAL. Roms, Sopt. 2, 1875. Cardinal McCloskey will arrive here on the 9th or 10th inst. Ho will @rst go to Turin, and may perhaps visit Flor- ence, He will take the title of Cardinal of the Church of St. Mary of the People. GERMANY. ANNIVERSARY OF THE BATTLE OF SEDAN, Beruiy, Sept, 2, 1875, ‘To-day is the anniversary of the surrender of Sedan. It is observed throughout Germany as @ holiday and day of general rejoicing. SPAIN. THE BISHOP CAPTURED AT SEO DE URGEL TO BE CONFINED IN A FORTRESS, Maver, Sept, 2, 1875. General Martinez Campos has arrived at Ripoll, on his way to Barcolona, with the Carlist prisoners captured at Seo de Urgel, THE CAPTURED BISTIOP, The Bishop of Seo de Urgel, who was also captured, will be imprisoned in a fortress at Alicante, where he will await the decision of the government in his case. FAILURE IN ENGLAND. Loxnow, Sept. 8, 1875, Caldwell & Watson, East India merchants, have failed. Their liabilities are estimated at $400,000, INDIA. INJURY TO THE COTTON CROP BY THE RECENT RAINS. Bomnay, Sept. 2, 1875, Heavy rains in the Baroach district will necessitate the replanting of a large part of the cotton crop there, JAPAN. GAGGING THE PRESS IN THE REMOTE EAST—RE- FUSING ENGLISH COMMERCIAL PAPER A MAR- KET—DEATH OF A PROMINENT AMERICAN. SAN FRANcI8co, Sopt. 2, 1875. The following has been collected from the Japan Gazetter to hand por the Gaelic:— THE CORRA-JAPAN DIFFICULTY, The native press has generally opposed the idea of war with Corea, and the government, laboring under some pecuniary difficulties, seems incliued to pocket its wrongs. GAGGING THE PRESS. The question of the Press laws is still a matter of discussion in the local European press, The measure is most oppressive in its conception, and is being harshly carried out by the authorities. Several proprietors apd editors of newspapers have been alréady arrested, tried and punished by fine and imprisonment. ENGLISH COMMERCIAL PAPER DENIRD A MARKRT. The government has forbidden the circulation of the notes of an English mercantile firm at Hakodadi, ARRIVAL OF AK IMPERIAL RUSSIAN COMMISSION. Tho Imperial Russian Commission to exchange with Japan the Kurile Islands on the part of the latter coun- try against Saghalien on the part of Russia has arrived at Yokohama, where the members are entertained as guests of the country. ‘NROROLOGIOAL. Hon, D. Turner, late American Consul at the port of Hiago, expired in the goneral hospital on the night of the 23d of July. His whole body had been paralyzed for some days, THE TREASURY ROBBERY. FIRST DAY OF THE TRIAL OF THEO, W. BROWN, THE ACCUSED CLERK—NO VEBY IMPORTANT ‘TESTIMONY TAKEN. Wasnveton, D. C., Sept. 2, 1875, The preliminary examination of Theo, W. Brown, charged with being implicated in the robbery of $47,000 from the Treasury, was commenced this afternoon. Horace A. Whitney, a teller in the cash room of the Treasury Department, testified ho was present in that office on the 4th of June, attending to his usual business of shipping money. He put up a package that morning of $47,007 in United States Treasury notes, marked the amount on an envelope, strapped and closed it, and it took the usual course with such pack- ages by being placed on tho end of his desk, It next went into the hands of Halleck, the prisoner charged with the larceny of the package. The duty of Halleck was to stamp every package and prove that it agreed with the amount on the schedule and noted on tho strap attached, Packages of such a character pass to the second sealer, who puts on two seals and thon they go to the addressing table. The stolen package was composed of what is termed old money—that which has been out—bat it had the appearance of new money, Witness stated that in ns up the money he remarke in the presence of Halleck, “Goodby to that old money; the National Park Bank will have the pleasure of counting it.” On the discovery being made that the package was not checked offall the packages were withdrawn from the express; but the thorough search failed to discover the money. Counsel for the government, during a colloquy w&h the counsel for Brown, said that Brown was charged with being accessory to the larceny after the fact by re- ceiving the stolen money. Brown’s counsel responded that the examination of Halleck should first take place, for it was not known in law that an accessory could be tried before the con- viction of the principal, ‘The government counsel replied:—That was formerly the law, but it was altered by the Congressional statute of March, 1875, Tho examination of Mr. Whitney will be continued to-morrow afternoon. THE SEASON AT LONG, BRANCH, HEAVY ROBBERIES AT PRIVATE HOUSES AND HOTELS—-JOHNSON AND TRAUTZ MAKING A TRIAL SWIM—THE LIFE RAFT USED. Lose Brancn, Sept. 2, 1875. ‘The season here is drawing to a close, although the weather is milder than at any time during July or August, Several of the minor hotels will close next Monday. The West End Mansion and Ocean Hotels have determined to keep open during the month of Septem- ber at a greatly reduced rate President Grant, accompanied by Collector Casey, ar- rived here this afternoon. HRAVY ROBRERIES, Two heavy robberies occurred here last evening. The residence of Mayor Joseph Cooper was entered and robbed of jewelry and other goods valued at $600, At the Centennial Hotel several rooms were broken open in the ‘absence of the guests and robbed of goods to the value of $1,000, There 18 no clew to the thieyes. . SCULL RACK AT PLEASURE BAY, A single scull race for $500 a side took place at Pleas- ‘ure Bay this afternoon between Mr, John Stetson, of New Yor! id Mr, Theodoto B. Folger, of Long Branch; distance one mile, There was a largo and fashionable attendance to witness the sport. Folger led at the etart, thon the two boats were side by side until the last Bs dag when Stetson made a spurt and won handsomely by two lengths in 9m. 41s. to Folger’s 9m, 468, ON HOARD THE LIPR RAPT, J.B, Johnson and Andrew Trautz, who are to swim five miles in the ocean next week for $2,000 and the championship of the world, this morning, with a party of gentlemen, boarded the Rider Life Raft and wore taken five miles to at which point the ewimmers jumped off and swam to the shore, the raft following them closely. Johnson waa the first to reach the shore, 800 yards ahead of Trautz Time, lh. 50m. The second deposit of was pat up this evening in the hands of, Bresline, the stakeholder, at the Ocean Hpk “— oat ; eee {ied of ongpocmnen, THE BANK Of CALIFORNIA. OPENING OF THE BANK YESTERDAY—ONE ANXIOUS DEPOSITOR PAID—A MEETING OF THE STOCK BOARD TO-DAY—THE MERCHANTS’ EX-+ CHANGE BANK OPENED—A LARGE AMOUNT OF DEPOSITS. SAN Francrsco, Sept, 2, 1875. Everything learned to-day concerning the Bank of California confirms previous telegrams about its early resumption of business. The small tron door that has been bolted and barred and guarded by two attachés was to-day thrown open and a free passage accorded to all who had business with the bank, I understand they paid one anxious depositor $11,000, The panic is at an end, and the city is gay. A general meeting of the Stock Board is called for to-morrow to decide upon the day of its opening. THR UNITED STATES BRANCH MINT, In addition to the disbursements by the United States Treasury the United States Branch Mint, in this city, will be ready to issue about $3,000,000 in coin in a few days. THR ORIENTAL BANK OF LONDON, There is reason to believe that the directors of the Bank of California are endeavoring to effect an ar- rangement with the Oriental Bank of London, looking to assistance from that quarter, STOCKHOLDERS RELIKVRD PROM LIABILITY. Mr. D. 0, Mills authorizes the statement that capi- talists interested in the Bank of California will obtain transfors of stock from the stockholders, relieving them. from liability and guaranteeing them against loss, and will subscribe tho funds necessary to place the bank in a condition to pay all demanis and put i on a sound basis, Should any surplus arise in the settlement {t will be credited pro rata to the stockholders. This arrangement will go into effect in a few days. THE MERCHANTS’ EXCHANGER W#NK. The Merchants’ Exchange Bank opened this morning with coin enough to pay off every dollar of its obliga- tions, There was no excitement whatever during the day. The deposits largely exceeded the monoy drawn. HALF A MILLION OV MINT FUNDS, Director Linderman, of the Unitea States Mint, has transferred $500,000 of Mint funds to the credit of the Sub-Treasurer, who has placed the same for the benefit of the banks. They have placed a similar amount to the credit of the government in New York. Of tho $500,000 paid out today the Anglo-California Bank gots $200,000, the Morchauts’, Exchange Bank $200,000, and tho London and San Francisco Bank for a bank in Portland, $50,000, There is still over $1,000,000 coin in the bullion fund of the Mint subject to draft of the Superintendent, for the purchase of bullion. Most of this amount will soon find its way into the market through the sale of bullion to the Mint. There was a very active demand for money at all tho banks to-day, but up to the hour of closing the supply was equal to the demand, < Depositors are transacting a usual business. RUMORS OF A SYNDICATE. The latest report in regard to the bank fs that an || effort is being mado by tho leading stockholders of tho suspended bank to establish a new institution under a syndicate to take possession of the assets and com- promise the obligations of the old bank, BEFORE THE STORM4¢-BEGINNING OF THE CRASH— HOW IT WAS MADE. The San Francisco journals of Thursday, August 26, tell the story of the events just preceding the failure of the Bank of California, On that day everybody was seeking for coin and none was to be had. It was locked up in keeping for the new Bank of Nevada, Sharon and the rest of the Bank of California “crowd” had been badly whipped on Ophir mining stock, Senator Jones was also interested with the bank “crowd.” Negotiations were making forthe transfer of mills to the Flood, O’Brien and Mackey ‘‘crowd.”” SPOILING FOR A FIGHT. Tho rupture grew out of: the negotiation for the mills in question. Not that it would not have come in other ways, for Flood & O’Brien are said to have been spoil- ing for a fight for a month or two past, but that served as the immediate cause, Flood & O’Brien would have been glad to pur- chase, and a month ago considered tho bargain as good as made, A few days ago occurred the final dicker for the property. It took place at the Bank of California, Mr. Ralston and Senator Jones repro- senting the bank ring and Mr. Mackey appearing in be- half of Flood & O’Brien. Tho mill owners offered the property at $300,000 as their finality. “What's the use,” said Mr. Mackey, indignantly, “of paying $300,000 for property worth only $100,000? To use an unctuous simile, the fat was in the fire at once, “Yon see,” said Senator Jones, turning to Mr. Rals- ton, “that FLOOD & O'BRIEN WILL NEVER. BE SATISFIED unless they get possession of everything." Mr. Mackey, to whose principals the question of war or peace was not a vital one, declined to waste more words on the matter, but at once left the place of con- ference. The condition of armed neutrality, otherwise called a “‘truce,”? was at an ond, and war was declared without the usual formula, It was mutually understood that Ophir was to be the object and turning point of the contest. It is needed by Flood & O’Brien as being ad- jacent to California and constituting a broken link in the chain of mines—beginning with Mexican and going south—which they desire to control. To get possession of Ophir the bank crowd must bo made to let go of it, which was likely to be no casy matter, tho capitalists of California street regarding it with a fond feeling, which its dividends have never justified, The only way to ac- complish the purpose was to make A TIGHT MONEY MARKET, and this stringency they proceeded to bring about by all the cunning strategy known to great capitalisis and expert financiers. They are said to have been engaged in tightening the strings for the last threo weeks. All their stock transactions have been shaped to that end. Every one knows that the money market needs no arti- ficial aids to stringency dt this time of year, The cash is largely in the country for the purpose of “moving the crop.” The financial needs of commercidl men in the city are large. Beside this, the drain of gold to the East bas been heavy for several months past, and only diminished quite recently, the shipments last woek having scarcely exceeded $125,000, About $15,000,000 is supposed to_ be necessary to make the local market easy, When $4,000,000 or $5.000,000 nre withdrawn, its absence is seriously felt. But Flood & O’Brien are supposed to have on actual deposit, and locked up In various ways hereafter to be explained, not far short of $10,000,000, y RETIRING CAPITAL POR THR NEW BANK. ‘The establishment of their new bank with an im- mense capital and a large amount of ready money RY the use of borrowers afforded Flood & O’Brien the opportunity which they desired. of with- drawing money from circulation. They first began to loan with less freedom. Then they com- menced to supply the public, hungering for stocks and expecting abig deal in the fall, with all the shares they could stagger under, thus absorbing private hoards drawn from savings banks and old stockings, Everybody who wanted California and Best & Belcher was allowed to have it to satiety. The sales of Califor- nia have been immense, 150,000 shares having been thrown on the market within’ a month by brokers in the confidence of the Bonanza kings. Last week they drew trom the Bank of California $1,800,000 which they had there, refusing certification and demanding the coin, This they placed as a special deposit with Dono- hoe, Kelly & Co, The expectation was that the bank ring, presumed to have great liabilities, and to be keep- ing in their vaults an immense amount of certificates of favorite stocks, which they could not use as ready money in case of need, would be compelled to throw them all, and especially the coveted Ophir, on the market, 'The expectations were realized. Money be- came scarcer from day today, The Bank of Calliornia began to contract and shorten its loans and ask its stock operating customers for money. The cash was slow in coming. Then they began, through their brokers, Woods & born, to manipulate a little blag d in the San Frahcisco Stock Board, and through im to sell their pet stocks at such figures as purchasers destitute of money could afford to give ‘for them. The market, which had been stiffening healthily, and gotting falrly lubricated for the easier times, which seemed not far off in the rosy distance, began slowly to decline, The slow decline becamo a tumble. Instead of coming to the res- cue Flood & O’Brien, through their confidential brokers, kept throwing on to the market, already so heavily freighted, all the stocks-which showed signs of weakness, without regard to the price that they had themselves pata for them, Ophir, which they had bought at the top rates, they let go recklessly at the ruinous figures that have ruled for the last few days. Tho bank crowd sold Savage, dropping it ike a plummet into unsounded deeps. ‘They relaxed their grip on Chollar, which has been for several days climbing the scale of prices as if it would never stop. They let go large lots of Crown Point at a terribly depreciated vatu- ation, They began throwing Eureka Consolidated, Im- perial and others of their list into the maelstrom, which seemed about to TAKE ALL THEIR PROPERTY to the bottom. But the squeezing was not yet finished; a few screws needed tightening before the work of con: tracting the money market was complete, Flood & O'Brien next tried LOCKING UP THE MONRY IN THR SAVINGS BANKS, That kind of stratégy is not without precedent, having been tried successfully many times in New York, The savings banks are among the largest lenders in all large cities, and those who habitually manipulate large sums of money keep an eyo on thvir reserves. The process of locking up their extra funds in tho interest of any one consists simply in paying interest on them; not using them at all, but leaving them in the bank vaults for security. The object 1s simply to keep them from max uwed Lye, is sald that Flood & O’Brien have thus locked up all the surplus available funds in all the savings banks in San Francisco, and have even extended their operations to those in Oakland. The banks, of course, run no risk, and depositors need not therefore tremble for the so curity of their savings, If the banks need these re- serves in case of a sudden panic and large withdrawal of deposits they will either take them or call on Flood & O’Brien to come down with heavier security. In any event the affairs of the patrons of the savings Institu- tions are not imperilled. Yesterday the money difll- culty culminated in widespread disaster. THR BANK CROWD UNLOADED their favorites profusely, and prices fell with a sudden- ness that startled even those beyond the reach of danger. Ophir was furnished in larger quantities than there was money to pay for it, and other stocks men- tioned above as belonging to the bank ring came forth as if under the stimulus of a pressing necessity. The hepehinen of Flood & O’Brien, like a well-trained corps of sappers and miners, were busy with their catapults and other besieging machinery at every point of weak- ness, and their work told well. The fine fabric that so many hands have been erecting for the last few weeks fell with a crash that swept many into irretrievable ruin, Margins vanished, and stocks representing the hard earnings of poverty went under the broker's ham- mer, and wt! that a fow moneyed giants might fight it out on the Oplir line if it took all summer, ‘The sates of the morning in all reputable stocks were principally traceable to the bank ring. Those of Ophir were heavy on the mornsng call in both boards, and af- terward during the entire day. Rourke sold for the bank ring all the morning, especially furnishing Crown Point to every one who wanted it Prices continued Steadily to decline, the bears not intermitting their ef- forts for 4 moment, Just before nightfall rumor began to be busy with the names of wealthy operators, not brokers, and several heavy failures were mentioned. Among thei was a member of the bank ring and a gen- tleman who lives in San Francisco, but has large inter- terests in Virginia THE CALVERT SUGAR REFINERY. MEETING OF THE CREDITORS YESTERDAY—nRE- PORT AS TO THE CONDITION OF THE CoNCERN— assets, $3,057,429 ; uranmrrms, $2,686,000— AN ASSIGNMENT CALLED FoR, Batrmons, Md., Sept. 2, 1875, A general meoting of tho creditors of the Culvert Steam Sugar Refining Company was held to-day at noon. Between forty and fifty were present, The following report was presented :— ASSERTS, TOTAT. Stock of sugars and bono black, Cash in bank,.........0000+ Open account and bills receivable, Making a total of........ * Due by Stirling, Ahrens & Co. Cost of refinery and machinery. Total aSS0tS.....20+-.+0+200rereee soneen ete $3,057,429 LIABILITIES, Bills payablo........ Other liabilities estimated, 00, 251 Total liabilities. . a veencesees «+ $2,686,000 Betore suggesting any plan to recommend’ to the creditors of this company your committee would take occasion to remark that after eareful examination of the subject this is a most valuable property, and that but for tho wholesale robbery of so large a portion of tho company’s assets by its trusted agents it could, un- der proper management, not only have paid every’ dol- lar of its liabilities in fullas they matured, but would have yielded regular and remunerative dividends to iis stockholders. So well satisfled are we of this that if it were practi- cablo to obtain the unanimous consent of its creditors to take twenty-five per cent of their claims as cash as they mature and merge all the balance in stock and bonds, and thus become owners and controllers of the company and its property, we would be prepared to $2,585,748 00's |, recommend it; but, in view of the large number of creditors being banks and other corporations, and in view of the diversity of opinion which will always pro- vail in a body of creditors in a matter of this kind, we do not deem this practicable, and we are therefore pre- pared to recommend that the creditors should at once require an assignment to be made by the Calvert Sugar Retining Company of Baltimore to the proper trustees of the entire assets and property of the company for the benefit of all the creditors, without preference or priority, and that said trustees be invested by the creditors with full power and authority to continue tho refinery until gll the present stock of sugars, molasse: &e., is worked up, and to convert the product and all other assets to money as speedily as possible, and also to make sale of the refinery, real estate, machinery, good will, &c., pertaining to it, and so soon as sufficient funds are’ in hand to admit of paying a dividend of ten per cent, such dividend should be declared and paid, and further dividends from time to time as fast as the money can be realized, B. F. NEWCOMB, C. MORTON STEWART, HENRY JAMES, The following resolution was then adopted:— Resolved, That the President and directors of the Calvert Sugar Refining Company be requested to make an assign- ment of all their property and effects to B. ¥. Now. comb and U. Morton Stewart, as trustees, for the benefit of all the creditors in accordance with the ‘report of the com- mittee submitted to-day, and that their commission shall be ‘one per cent, but not in any event to exceed $1,000 each, ‘The meeting then adjourned At a meeting of the Board of Directors this afternoon they consented to carry out the recommendations of the creditors, and their counsel, Thomas J. Donaldson, was instructed to draw up the bill of assignment, It is estimated that the assets will pay about seventy cents on a dollar of the liabilities with judicious man- agement. It is the opinion of intelligent merchants that a now company will be formed for the purpose of purchasing the works and continuing the bustness of refining. ‘The most important document submitted to- day was the personal statement of the Sccrotary, Mr, James Carey Coale, in relation to tho indebsedness of Stirling, Abrens & Company to the Calvert Company in the shape of the company’s paper, which was issued without an equivalent, I quote as follows:— MR. COALK’S STATEMENT, ‘Mr. Catrman—I desire to ask tho fnduigence of the meeting for the purpose of making a very brief personal statement before you pro- coed “to the importamt business which has called us together. When tais company was organized, about seven years ago, the direction consisted of Mr. Stirling, George 8, Brown, Robert T. Baldwin, George W. Robinson and myself." It has remained the'same to this day, with the exception of Mr. Stirling, whose resignation we received a few days since, and the re- maining four directors are at this time the largest stock- holders of record. We originaliy organized by the election of Mr, Stirling as President and myself as Sec- retary of the Board, my duties at that time being lim- ited ‘to po do the minutes of our procoedings, Messrs, Stirling, Ahrens & Co., were appointed as the agents of the company and the exclusive custodians of its property and funds, About two and a half years ago the Board requested me to countersign the com- pany’s notes instead of Mr. Ahrens, and it t! necessary for me to have a sort of supervisi amount of paper issued for the purchase of sngars, and, in view of the nature and degree of the responsibility thus placed upon me, I stood almost appalled the day that I discovered the manner and extent to which our confidence and trust in the honesty and integrity of our agents had been grossly violated and abused, The transactions of the company became very large, and as the capacity of the refinery increased we used an entire cargo of sugars every two days of the year. When notes were presented to me to be countersigned I made an immediate and detailed entry of them tor my own guidance and satistaction, giving the dates of dues, amounts, &c., and names of the particular cargo which they were intended to pay for. “Stirling, Ahrens & Co. furnished me with this data in every instance, Mr. Stirling first signing them and presenting them to me for counter signature, and the times of their issues, and I first satistied myself that the individual cargo in question was either at ‘the refinery or in the course of delivery there, or it to go into public store for the refinery’s uses as soon as {t was required or could be delivered to and received by the superintendent, No note was ever issued on a cargo to arrive, and no single note for other than its specific and definite purpose to pay for each particular cargo or cargoes. I had from the beginning gotten from time to time, and as rapidly as I could obtain them, more definite and completo vouchers of actual de- livery into the refinery’s premises, either by settled bills of purchases or by lonrning from the Superintend- ent the actual delivery to him of individual cargoes for which notes had been Issued. Feeling, however, very anxious upon the subject from the moment this disaster was made known to the directors, and as there were yet remaining a few cargoes of which I had not been able to get any account of actual delivery, I have during the past few days been going through the stock receipt books at the refinery, assisted by a first class accountant and by the superintendent and receiving clerk, com- mencing with the first note which I ever countersigned, and comipg down to the last. We have checked o! every cargo, and I am sure that every personal and business iriend of mine here will be gratified and re- lieved at the result and with the statement I am thus enabled to make to them. As near as it is possible for me now to ascertain, we find that out of about 570 car- goes for which notes wore thus issued, and were coun- tersigned by me, 566 cargoes were delivered to the refinery and have gone into the possession of the com- ny. Two were sold by the agents to Messrs, Woods, yeoks & Co., the money paid and gone into the compa- ny’s treasury, as I find upon the company’s books, and two cargoes were still in public store, awaiting’ con- sumption and in the hands of our agents. At the time we discovered that they had taken from us mofe than our entire capital and the entire surplus which we supposed we had accumulated. an offset to these two cargoes I succeeded in recovering from Stirling, Ahrens & Co., on the day of their sus- onsion, twenty-three notes of the Calvert Refining mpany which were still remaining in their hands, amounting to $138,000, and which I have handed, can- celled, to tho new treasurer, This explanation, gontle- men, I have made as my personal duty to you and to mys6l _Bevond thas I am with my associate directors tn everything relating wo the com| ‘8 management and affairs,” * siden ii The only inference to be drawn from this remarkable statement is that Stirling, Ahrens & Co, must have put $1,100,000 of the Culvert Refining Company's paper on the market which did not bear Mr. Coale’ ignature, Of this. however, the public can judge from the docu- ment itgelf, EX-STATE TREASURER PARKER. RELEASE OF RICHARDSON AND JOHNSON FROM , CUSTODY, Conumaia, 8. C., Sopt. 2, 1875. Mattison Richardson and Johnson, who were in jail for aiding ex-State Treasurer Parker to escape, have been discharged from custody this eventing on a writ of Mackey bahoas corpus ijaued yy Jugeo THE CAUPORNIA ELECTION A Republican Sedan and Democratic Victory. *NO THIRD. TERM,” Ralston’s Candidate for Mayor of San Fran- ciseo Reported Elected, THE INDEPENDENT PARTY DEAD. Saw Francisco, Sept 2, 1875. ‘Tho democratic Stato ticket is overwhelmingly elected, the returns 0 far showing fully 30,000 plurality. The indopendent ticket, led by Senator Booth, has been a complete failura, and puts a complete extinguisher upon that gentleman’s pretenstons for Presidential consideration, Bidwell, the independent candidate for’ Governor, did not carry a county tn the State, Senator Sargent and Georgo C. Gorham, Secretary of the United States Senate, have, as special representatives of Gen- eral Grant, been repudiated by the people of California in the most emphatic manner, The Stato ticket elected ist— Governor. Lieutenant William Irwin, J. A. Johnson. . -Thomas Beck. J. W. Mandeville, J. G. Estudille, ‘ourt,.....D. B, Woolf, Publio In- s+eeeesseRev. O. P, Fitzgerald. THR CONGRESSMEN, Wigginton (dem.) leads Houghton (rep.) in the Fourth or Southern district of the State, which was considered the most doubtful by the democrats, Piper (dem.) is, no doubt, elected in the First (San Francisco) district. Luttrell (dem.) is elected in the Third. The contest is rather close in the Second district between Page (rep.) and Larkin (dem.) The independent candidates aro far behind, struction. ..... THE LEGISLATURE. The democrats will have a majority in both the Senate and Assembly of the next Legislature, Gorham’s hopes to reach tho United States Senate are gone forever, and people here are already speculating as to what course Senator Booth will pursue next winter as to the abuse that has been heaped upon him by Gorham dur- ng the campaign which has ended in effectually using up both the independent and administration parties. THR ELECTION IN SAN FRANCISCO. No ono doubts that tho democrats havo carried tho.election in this city, A. J. Bryant, an old timo re- publican, is the Mayor elect, Ho was adopted by the Democratic Convention, it is generally understood, at the solicitation of Ralston, of the California Bank. Hoe has defeated Mr, Clayton and Mr, Hallidie, very prominent and respected citizens. Tho other candi- dates on the democratic municipal ticket reported ‘Thomas H. Reynolds, E ‘Robert Ferral, City and County Chief of Police, Superintendent of Schools.,..James Denmam, B. Ordenstein. Fire Commissionors....... } Charles Fiel William H. Chevers, County Judge. ARE Selden S. Wright, Municipal Judge. Probate Judge J, McHenry. Polico Judge. Fred Hall. .-Oscar T, Shuck, No THIRD TERA, ‘This great democratic victory is something Ike a revolution. Alameda county, across the bay from this city, always the banner republican county in the State, has given a democratic majority of over 1,000. The cry at every precinct was “No Third Term.” SKRTCH OF THE GOVERNOR ELKCT, Governor-elect Irwin is a native of Butler county, Ohio. He came here in 1852, and in 1861 and 1862 was elected to tho Assem- bly. In 1869 he was elected to the Senate, and re- elected in 1873, being President of tho Senate pro tem under Governor Booth. Ho was elected to tho Sen- ato again, and became acting Lieutenant . Gov- ernor. Ho is now filling that office, From 1866 up to March last he has been adorning the editorial, chair of the Freka Union, and has there had an excellent experience for the new position to which he has been called. The election has passed over very quietly, and all parties, except tho seriously disappointed, gracefully accept the situation. There is no doubt that the violent attacks of the Bulletin and Call upon the lato Mr, Rals- ton, and in the case of the former paper, even on the day of his funeral, contributed largely to the defeat o¢ the independent ticket here. POLITICAL RIOT IN YAZOO CITY. A REPUBLICAN MEFTING ENDS IN A ROW—A WHITE DEPUTY SHERIFF KILLED AND A NEGRO WOUNDED—GREAT EXCITEMENT. Vicksnvra, Miss., Sept. 2, 1875. A riot occurred last night at a republican club meeting at Yazoo City, growing out of a dispute about honest officials, between the republican Sherif, Morgan (white), and a domocratic negro, Some fifty shots wero fired Deputy Sheriff Mitchell (white) was killed and one nogro badly wounded. Tho town {s intensely excited to-day, busi- ness 1s suspended, and armed men are picketing the roads, to guard against an invasion of negroes. Morgan has concealed himself, and begs the protection of the whites. Matters are quiet this evening, but the excite- ment is still inten: FIVE MEN AND A MATE LOST. Sr. Jouns, N. Fi, Sept 2, 1975. Captain Tracy, of the American schooner Mary B. Reeves, which arrived here this morning from New York, reports that ho spoke the whaling schooner Ab- bie Bradford, Fisher master, of and bound to New Bed- ford, twenty miles southwest of Cave Spear, N. F., hav- ing on board 700 barrels of whale oil and 12,000 (proba- biy 1,200) pounds of bone. She was then seventoon days out from Hudson Bay. Captain Fisher reported that,the mate, named Robinson, and five of the crew weré lost in a'boat on the 6th of September, 1874. Captain Tracy also spoke the whaling bark President, Captain Giflord, of New Bedford, bound home from Hudson Bay, with 600 barrels whale oil and 1,000 pounds of bone. MIDNIGHT WEATHER REPORT. War Derartment, Orrick or Tie CHie¥ Signal Ovvicen, Wasuinotox, Frinay, Sept. 3—1 A. M. Probabilities. For the New England and Middle States, slowly fall- ing barometer, southeast to southwest winds, continued high temperature, with areas of rain north of Virginia, For tho South Atlantic and Gulf States, slight changes of barometer, southeast to southwest winds, high temperature, clear or partly cloudy weather, with areas of rain in the southwest and on the coast. For tho Ohio Valley and Tennessee, southwest to northwest winds, slowly falling barometer, high tem- perature and areas of light rain. For the lake region, falling barometer, southoast to southwest winds, becoming brisk and high in tho upper lake region, slight tall in temperature, with areas of rain, For tho Upper Mississippi Valloy, the Nogthwest and the Missouri Valley, southwest to nortifwest winds, cloudy weather and rains, followed by msing barome- ter, clearing and coolor weather, 0 lowor Mississipp! River will fall slowly. Cautionary signals are ordered for Duluth, Marquette, Escauaba, ‘Wiwakeo, Chicago and Grand Haven, THE WEATHER YESTERDAY, ‘The following record will show tho changes in the tomperature for the past twenty-four hours, in compar. ison with the corresponding date of last year, as indi- cated by the thermometer at Hudnut’s pharmacy, Hxracp Building:— 1874 = 1875. 1874 1875, . 85: 82 fi % 12M... 80 7 12 M. 3 Average temperature yesterday. .... wee Tg Average temperaturo for corresponding ‘dave last YOAE soe seveseensernanapanapnnnsns ait | sea ; oa 7 “A ROTTEN BRIDGE.” ALARMING RAILROAD ACCIDENT NEAR GOSiEN—~ TWENTY-FIVE PERSONS INJURED—A NEW ¥YORKKR IN A PRECARIOUS CONDITION, Kanastox, Sept. 2, 1875. Last night a heavily loaded train from the National Camp Meeting, at Wesley Grove, near Goshen, while om the Way to Kingston, broke through a rotten bridge, near Shawangunk station. Five of the cars went dowa an embankment, and twenty-five persons were injured, 4 few seriously, The passengers remained on the ground until four o'clock this mogning, when a freight train tookaway all except those unable to be removed, ? INJURED PASSENGERS. The folfowing is a list of thé persons injured:— Aaron Auchmoody, Now Paltz, bruised. Mrs. Benjamin W. Shorter, Milton, bruised, James Fredenbergh, New Paltz, bruised. i Whelan, Rosendale, cut on the head; not seri ously. Rebecca Vanduren, Resendale, bruised, Emma Contant, F ndale, bruised. — gel Kingston, cut on the head. obert Denniston, son of the Rev, J. 0. Denn! Kingston, concussion of the brain. 8 Miss Mary Johnson, St. Andrews, collar bone broken. Mrs, 8. B. Lowe, Kingston, head bruised and gee verely shocked. Mrs, Dr. A. B, Whittaker, New York, severely shocked, J. D. Minon, Kingston, bruised. Peter Trombour, Walden, cut on the he: Mrs. Marcus Beach, Jersey City, cut over the spi Mra. George Jackson, Jersey City, collar bone an shoulder blado broken, Harry Dunn, Rondout, bruised, Mrs. Hiram Schoonmaker. shocked and braised, 0. J, Townsend, Kingston, cut about the bead and Rondout, severely Mrs. © J. Townsend, Kingston, cut about tho head and back. Mary Townsend, Kingston, oye injured. Rich A. Nichols, New York, broken wrist and badly bruised, William Rice, Goshen, badly cut and internally in. ure id, W. D Ackley, baggage master, badly cut about the head and bruised on the body. Mrs. D, Ik Wynkoop, Kingston, cut about the head and face, Henry Crane Freeman, newsboy, bruised and cut om the head. August Schepmoes, Recorder of Kingston, bruised om the groin, CARE OV THE WOUNDED. The cars rolled down a twenty-foot. embankment ang turned on tho sides, and it was half an Lour before many of the passengers were released, Tho wounded were carried tw the neighboring farm houses and cared for. Most of tho others remained im the open field around fires unti! morning, when a train of box cars brought them to this city, Ono of the cara which was badly wrecked was burned to-day. The palace car Cataract and one passenger coach were con- siderably damaged. ‘The baggago car and one passenger car were uninjured, AMOUNT OF TIE DAMAGE. The whole datnage will probably amount to. $20,000, Wreckers have been at work, the dan to the track has been repaired and trains are now running regularly. All the wounded are doigg we!l and are in no danger, except Mr. Nichols, of New York, wito is considered t be in a precarious condition, ANOTHER RAILROAD ACCIDENT. New Hates, Conn., Sept, 2, 1875. Tho Shore Lino Railroad train duo in this city from New London at a quarter to ten A. M. struck a cow on¢ milo cast off Saybrook, Tho rear truck of the bag; car was thrown of and a length of rail torn up. All the cars kept tho track except the last one, which was dragged sixty feet on its side before it uncoupled. ‘There were ten passengers i this ear, including the condacior, Philip Atwood. Al were severcly shaken, but the following aro the only persons wounded :— Governor Morris, of Morrisania, N, ¥., bad two ribs broken, - A nephow of Mr. Morris, a severe gash over the left e. Yk nioce of Mr. Morris, sovero spinal injury. Medical attendance was procured from Saybrook an Branford, and the railroad company placed a spect engine at tho disposal of the, through passengers, ae that but little time was lost. ‘Tho track was quickly repaired, and trains are now running as usual, 4 COW ON THE TRACK, Wasuinaton, Sept. 2, 1875. Tho 9:98 and 10:15 trains of last night to Baltimore and the North, over the Baltimore and Potomac Raik road, wero delayed until three o'clock this morning, owing to the engine of last night’s 7:10 Western trais running into a cow near Bowie, between Washington and Baltimore, throwing the baggage car from the track and demolishing one of the trucks. No persom was injured. The Southern express, due here at eloves o'clock, arrived at 3:05, and tho through New York express about ten minutes alterward, A FRATERNAL AFFRAY. Yesterday evening an altercation took place betwoew Jacob Miller, of No. 174 Suffolk street, and his brother Richard, of No. 151 Ludlow stroot, during which a pair of ice tongs was resorted to as a weapon, with aserious result to both—both being cut quite se verely. They are under surgical treatment, FATAL RAILROAD ACCIDENT. Yesterday morning, about lalf-past ten o’clock, am accigent occurred on the Pennsylvania Railroad, at the Ticnenor street crossing, Nowark, causing the death of @ man named Nicholas Bodes, residing at No, 109 South street, He was driving a horse belonging to a butcher named L. Moyer. On arriving at the crossing the look- out up and aown was obstructed by coal cars, which prevented him from seeing the Philadelphia train corfi- ing along at a high rate of speed, it being some three hours behind time, On seeing the train he turned bia horse’s head, but before he could get out of the way the locomotive struck the wagon, knocking him, his horse and wagon all in one heap. The man’s skull struck tho iron switch post, cansing instantaneous death. He leaves a wife, to whom he had been married only ayear. The horse also was killed. KILLED ON THE ERIE RAILWAY. Yesterday afternoon a German woman, about forty+ five years of ago, was struck by the locomotive of # Paterson train, near the Hackensack bridge, on the Erie Railway, and was run over, The body was ter ribly mutilated. Around her neck was a cotton containing a paper in the German language from whit it is believed her name was Mary Belboen. Thero wag also a locket suspended from her neck. Tho body wag taken to the Jersey City Morgue and viewed by Count Physician Stout, e NO NEED TO VISIT EXPENSIVE SPAS FOR SUL- phur baths when the same effects can be produced at home with a few cakes of Gunn's Sunriver Soar, an acknowk odged specific for skin diseases, contagious or otherwise, Depot, CRITTENTON’S, No. 7 Sixth avenuo. A.—PATENT WIRE SIGNS, ENGRAVED METALs cked and shipped. beri gis Stans era G0. 850 and 252 Canal street A.—RUSSTAN VAPOR “MARBLE” BATHS, 25 EASE Fourth street; employed as a remedy ir. colds, rheumatism and neuralgia by the most eminent physicians, Aso remedy they are unequalled, A_ PERFECTION IN. TREATING RUPTURE, which once seemed onl has been attained by the ELASTIC TRUSS CO! , 683 Broadway, which ab ways retains and permanently cures hernia, A REGULAR $3 HAT, $1.90; SILK HATS, $3 805 sold elsowhere $5 and $6, 15 New Church street, up stairs, A.—THE TRAVEL IS HOMEWARD AND TO KNOX'S Stores, No. 212 Brondway, No. 533 Broads (Prescott House), and in the Fifth Avenue Hotel. KNO: has introduced his fall style of Gxattemay's Hats. The travelstained will be delighted with this intelligence, Ss there is nothing more refre: than a bright, stylish’ seasonable KNOX Hat. R ENFEEBLED AND DEBILITATED CONSTI sation the PERUVIAN Synvr is just the medicine needed. IF YOU DESIRE TO KEEP YOUR LUNGS so vss ee Wi Manufacturer, OO4 Broadway. LAKE GRORGH DIAMONDS, RINGS, EARRINGS, ‘Stud jounte carat : eir ancy Finurparsed. “Only dopot st JACOBS, No, 8 Astor House: Sond for price list. LEON DUMAS’ EAU MERVEILLEUSE (MARVEL Lous Warsr) ts the safest and best Cosmetic in the world; it Makes te complexion beautiful, " Prico, bottle, ‘Depot, No. 8 West Twenty-Afv street and, pal druggists, THE EQUITABLE LIFE ASSURANCE SOCIETY 120 Broadway, is Rrepered ir make loans upon Bond Mortgngo om first clags dwoitings ‘and stores in New York Brooklyn. Principals will be turnished with forms and information, and their business facilitated withont charge, except legal expenses for examination of title. | This sock also issues tho most desirable forms of Policies upon sel lives, including the Tontine Savings Fund plan, by whi duritig the past six years, surplus has been iecamul euter than by any plan heretofore practised. The society jas aasots of $29,000,000, and haa a cash annanl income of 10,000,009, Tts average annual basiness during the past ive years: 858) been greater than thas of any other company. WIGS, TOUPEES, &C.—G, RAUCHFUSS, PRACTI- eal Wig Maker and importer of Haman Halt, 44 Bast Twolfthe RIGHTS DISEASE, DIABETES, DROPSY, GRAVEL, Calculus, Gout, Rheumatism, Dyspepsia, Diseases ofthe iver, Kidneys, Bladder, Prostrate (lai ‘remature , Organte Debility and Chronic A: ons (incurable by general Lineman hae! Domphiate, se tenet ature's Spr esd ial De, An HAWLEY HATH: ‘he author coos. and re- nd propriotor, will soadway, New York, N. Bee his Made of Gog)” 0B al wap cr