The New York Herald Newspaper, October 26, 1876, Page 5

» of these bon to the title of these bonds was decided in a suit yester- THE COURTS. Ruffianly Lawlessness as Shown in the Hayde Murder Trial. | MGINN SENTENCED FOR LIFE. The Inman Steamship Company and | the Tonnage Duty. The trial of Michael McGinn, for mardor in the first degree, was continued yesterday in the Court of Gen- eral Sessions, Part 1, before Judge Sutherland. Several witnesses testified that about one o'clock on the morn- | tng of September 3 Patrick Hayde, a young brakeman, employed by the New York Central and Hudgon Rive Railroad Company, was sitting upon the stocp of a grocery store at the corner of Laight and Hudson streets, near the depot, he having concluded his night’s work, when he was approached bya gang ot young ruffans, who at the moment emerged from a lager beer taioon in the basement bencath the stoop on which Hayde was sitting, and that McGinn, advancing from the others, attempted to insert bis band into the pocket i of the Jatter, who was upparently asicep; that the gang as thereupon driven away by some fellow-work nen of Hayde; that im driving them away « scuttle occurred, in the course of which McGinn attempted torstab Huyde, but was prevented | by Anotber member of the gang; that, fitteen minutes ir beiwg driven away, the gang returned, McGinn und two others carrying open knives, and that woen Uayde attempted to retreat he followed by McGinn, who picked up from the ground an iron couphng pin tnd deliberately threw it ut Hayde, striking bim upon the bead aud producing a wound, irom the effects of which he died, on the Sin ol the sane month, 1m tne Chambers Street Hospital, On the other band, taere | were called for the defence several companions of .he accused and one witness, who swore ie knew ne-her | of the parties, and these all swore tbat :hey had seen some heavy article, which they believed to be the roupling pin, come from the direction of the deceased apd bis friends and strike McGinu in the brea: and that le thereupon and without hesitat ing @ second for deliberation threw it back, inflicting the fatal wound. At the conclusion of the testimcny the counsel for the prisover summed up. He claimed that bis client bad been struck in the course of the first scuffle by the de- ceased, und that when he found himself struck by the ron pin be threw it without deliteration and without intent to k: id that therefore he could bo found gulity of no crime greater than manslaughter in a low” Gegree. Mr. Lyon, for tne people, dwelt upon the gin of the quarrel, which was the attempt of the prisoi to pick the pocket of the deceased, and d that the prisoger came back after the first scu | termined to have revenge for being foiled in bis pur- se, and intended to kill the deceased with the open ‘nifo which he at that time carried in his hand, and that when the deceased moved away he, without changing bis purpose, picked up the fatal weapon when he found he eould not reach his victim with the knife, and that be was clearly guilty of murder in tho first ‘degree. Judge Sutherland charced the jury at | ble lengi, reviewing mony and de- | fining the law upon all points likely to be considered | by the jurors. The jury retired at a few minutes to six o'clock, Alter being out some time, it being announced that there was no prospect of a speedy agreemen® Judge Sutheriand said that ho would wait till tea o’clock, by which time, it the jury ad not agreed, he would order them to be locked up'ior the night. About ball-past seven o'clock the jury sent in word that they were ready to deliver a verdict. Judge Sutherland, arriving o little after cight, they were brought into court. ‘How say you, gentlemen of the jury?” asked the clerk, and the foreman answered :— “Guilty.” “Guilty of what?” “Guilty of murder in the second dogre: At the request of Counselior Price they were then polled, and they answered—cach one as bis name was called—'Guiity,”” Judge Sutherland then, ima few impressive words, delivered the seatence—imprisonment at hard laver Yor life. Itwas stated las! night by the prisoner’s Counsel that an appeal will be taken. The price of the Harato to-day and heneeforth will be | Biree cents TONNAGE DUTY ON STEAMERS. A sult was commenced yesterday in the United Btates Circuit Court, equity branch, by tne Inman Steamship Company against Edward G. Tinker, Acting Captain of the Port. The company ask for an tnjunc- hon restraining the defendant trom collecting the duty of three cents per ton on every ton of measurement of the steamers of the company, which the company clams is at present unconstitutionally :mposed and collected. This tonnage duty 1 collected on every steamer cach time it enters the port. The present suit is instituted as a test of the validity of the action of the port authorities in imposing this special duty. The tonuage duty paid by the company under the present rule amounts to $2,600 year on their steamers. It is cluimed that the act of the Legisiature under which this duty ts collected 18 invalid and in violation of the constitution o United States, Tne power of the Captain of the Port and of the Harbor Master, it is alleged, 1s of an arbitrary character as vested in them by the act of the Legisiature, which empowers them to bring an action for duuble the amount due by each vessel under the jaw if the duty be not paid within forty-eight hours after the amount becomes due. The company ther fore asks relief trom the Court under the circum- stapecs. This opens an important question as to tho itutionality ot the act of the Legislature. The wer of the Port Captain has not yet been put in. SUMMARY OF LAW CASES. In the suit of Jeremiah V. Spader against the New York Eleesei Railroad Company, on trial before Chief Justice Curtis, of the Supefior Court, the taking of testimoay was finished yesterday, after which coun- ei began to sum up. lo the sux of Fred Gerber sgainst J. J. Peter, which was brought to recover on certain promissory Dotes, a verdict for $3.040 was yesterday rendered for the plaintitt belare Judge J, F. Daly ‘mn the Court of | Common P.cas. The suit of Jobn D. Keligh against John H. Hall | was brought to trial yesterday before Judge J. F. Daly | in the Court of Common Pleas. . The suit is tor alleged uniawiul convergion of five $500 West Point Precines bonds. John A.°Clussman got a verdict dgainst the Long Is'and Railroad Company for injuries sustained from a dotective platiorm giving away and causing him to fal. Au appeal was \aken to the Supreme Court, Gen- erai Term, where the case was fully arg Edward T. Bainbridge, a rom George T. Hilt. The question as day, brought by Mr. Bainbridge, throu, Mr. Hlhot F. ‘Suepard, his counsel, against Mr. Berne, and tried A aaa Donohue, a verdict being given tor the lainte It te claimed that J. Archer Van Tessel, William G. Lewis and Leroy J. Mavie allowed a note ot theirs for to the Nationa! Shoe and Leather Bank, . to goto proves. Judge Barrett yesterday arrant of attachment against Mr. Lewis, resident. Tue attachment was granted Stout, Presivent of tbe bank. anted’ yesterday by Judge Bar- Fett, directing the inspectors of election to register Thomas Keill; e facts of whose case have been re- pat Application tor a mandamus against inspec- ra in the Seventh Assembly district was asked yes- ferday of the same J tm the cuse of Elias Le are, and Judge Barrett took the papers for examina- ton, Lager beeras a self ciaritying agent is one of the rov a tri Tess belort dg in Court, of brought by Jacob Steuber against Rubsam & Harmann, to recover Daiance due for lager beer. It is contended i the Deer bought should clarity itself, whereas soda and patron had to be used 1o make the beer foam and Iain. to make it etile, | Jade Van Vorst yesterday gave decisions in two | mortgage fureciosure cases recently tried before bim ry Special Term. the suit of Caro- Levy dolds that the The bonora' of the Seventh ‘disch: regi is, He was ex- poet fer non-payment of finer, but recently wa: nstated ob x court mandamus, His counsel, Mr. Hei y H. Morange, argued before Judge Barrett yesterday a motivo for his honorable discharge upon another ndamus, on the ground th: to be credites h full service irom the date ™m vorce suit Srseant by Alenne Megarge against Mary A. Megarge. 1s charged that Gal Ls Megarge by appointment atthe Grand Union Hote! | and registered the bames of James H. Baldwin and | wile to prove ber as guilty of adultery. Mr. Gale says tbat he was not at the hotel at the time epeciiied, bat | at bome wito bis family. The price of the HERALD to-day and henceforth | will be three cents, GENERAL SESSIONS—PART 1, Before Judge Sutheriand. A BAD TRYAPRRED Gin, Agentic damsel named Mary Castello was arraignea fat the bar, charged wii ving a companion named Elisabeth Reed, upon the night of the 17th imst., in the z 2. ry | diamond studs. | on; no day calendar. ) looked after and provided we shail Jose a necessary aud | latter broke NEW YORK HERALD. THURSDAY, OCTOBER 26, 1876.—IRIPLE SHEET. eourse of a quarrel whieh srose in a rum sbop at No, 51 Thompson street, GENERAL SESSIONS—PART 2. Betore Judge Gildersieeve. THE CAB RKOBBERT. Mr, Jobu F. Lockwood, of No. 40 West Hamilton place, Jersey City, got into the cab of George Smith on | the night of Octoner 3, and In the course of the ride | Smith stole from the shirt front of his passenger two The dishonest driver was arrested, and pleading guilty yesterday was condemned te spend one year in State Prison, The price of the Hxnatp to-day and henceforth will be | three cents. | DECISIONS. | SUPREME COURT—CHAMBEDS, By Judge Barrett. Brock.—Keport confirmed and judgment ranted. Smith vs. Smith,—Reference ordered. Winant ve. Fowler,—Motion granted, Smith vs Smitb.—The report must be sent back for further eviaence; all that the wile nas testified to except the marriage must be proved by other wit- neswes. AS to the adultery, there must be lurther proof, as the divorce cannot be granted upon the un- corroborated testimony of the paramour, £UPREME COURT—SPECIAL TERM, By Judge Van Vorst. Heyman vs. Beringer and otbers.—Judgment for plaintiffs. Opinion, Levy et al. vs. Merrill.—Jadgment for plaintiff. Mortgage should be eatistied. Opinion, First Nahoual Building Association vs. Bandmapn and others.—Judgment for plaintift of toreclosure and sale. Findings signed, “Patrullo ¥& O'Donnel, and others.—Findings ace Company vs. O'Donnell nd decree signed. COMMON PLEAS—SPECIAL TERM. By Judge Robinson, In the matter of Harris for the uppointing of guar- | dfan,—Motion denied. No defendants named. SUPERIOR COURT—-SPECIAL TERM. By Judge Curtis. Crotty vs, MeKenzie.—Motion that twoney collected sbould be paid over denied, without prejudice and thout costs, Cormier vs. Batty.—Caso settled ordered on ‘ile. MARINE COURT—CHAMBERS, ie By Judge Shea. | Diossy vs. Young.—Motion denied. No costs. | Van ys. Mason; Werder vs. Risterer; Dawley ve, Merkel; Tilghman vs. Starke; Knoeppel vs. Saun- ders,—Motions granted. H Wise vs. Thornberry ; Bauer vs. Weh!; Gade vs. Root; | Longstreet vs, The New York, New Haven and Harlem Railroad Company; Lareridge vs. Averill; Wise vs. | largely increased, and a prospect of the cessation of the | INSURANCE DISASTER. FAILURE OF THE ANCE COMPANY CONCERNING IT. There was buoyancy in al! business circles yesterday, } Dorn of the idea that geveraily the trade of the country | was improving, avd tbat the revival noticed by the hewspapers was Dot a mere matter of paper und print, but a substuntial reality, tbe effects of which would be felt by all classes of merchants, This fecling had been discounted by the bulls and bears of Wall street some days ago, The freight traffic on the Western roads had CONTINENTAL LIFE INSUR- YESTEKDAY-—DISCLOSURES raileoad war emboldened operators to take an interest 10 shares from which they had hitherto withheld their support, but cloud darkened tno horizon of the speculators in the announcement of the failure of the | Continental Lite Insurance Company, of No, 26 Nassau street, Although this had no possible connection with railroad matters, and could not impertl the value of such classes of property, there was a geveral stampede in stocks with about the Same reason that a farmer would burn his grain for fear the lightning should strike the stacks. The Con- tivental Life Insurance Company was organized tn 1866, and since its organization has paid out $3,600,000 in claims. The total number of policy holders up to January 1, 1876, was 74,170; 6,070 policics were issued tn 1875. The oasets by the same report are given at $6,204,371; liabilities, $5, surplus, $756,044. | | The officers of the association at ‘present are:—A, W. | Frost, President; M. B. Wynkoop, Vice President, and | J. P. Rogers, Secretary. The original capital was | $100,000, and tho statistics of the company during | each’ tiscal year, trom the date of its orgun:zation down | to the end of 1875, are as follows:— Income Premium — Jrom in- Year. Receipts, vestments. | 1866. | as6s. | 1869, | 1870. Waldron; Cuyam vs. Hornby; Miler vs. Starac Alton vs. Johnson; Davis vs, Farles; Marnic v erie; Weigel er. —Orders granted, The price of the Hmxatn to-day and henceforth will be | three cents, i — | COURT CALENDARS—THIS DAY. | Surreme Court—Caauumrs—Hold by Judge Bar- | rett.—Nos. 82, 86, 8%, 99, 100, 105, 106, 107, 114, 117, | 121, 155, 166, 168, 211, 217, 230, 235, 250, 269, 260, 264, 2 273, 215, 276, 277, 278, 280, 285. Assess: | | Surxemk CounT—GENERA! Davis, Bracy and Daniels. 2 15, 146, 147, 131 ‘xum—Held by Judues ‘ox, 211, 212,°163, 175, » 138, 139, 140, 141, 142) 216. SUPREME CouRT—SpeciaL Trxm—Held by Judge Van Vorst, 7, 146, 322, 474, 475, 477. 487, 499, 502, as, 547, 548, 549, 711, 610, 62143, 629, 632, 44 2 626, 235. ‘ountT—Cinevir—Part 1—Held by Judge Nos, 2135, 1535, 1563, 1519!,, 1488, 1708, 1059, 2226, 1617, 1148, 2011, 1985, 2107, 1723!z, 1829, 1350, 1967, 2037, 2243, 1867, 1699, 669, 1989, 1047 821%, 2301, Part 2—Held’ by Judge Lawrence.—Nos, y 3602, 738, 2848, 948, 2503, 1390, 1036, 2110, 1062, 9561;. 957%, 95834, 514, 248, 2363, 2614, 915, 1654, 1258, 696. 872, 74034, 658, 1640, 3550. Part 3—Held by Judge Larremore.—Case on—No, 1078+3, No day calendar. Py ed COURT—GENRRAL Txam.—Adjourned 8120 ie, Superior Court—Spxciat Teru—Held vy Culef Jus- tice Curtis. —Case on—No, 40, Surexion CovrT—iniaL Teru—Part 1—Held by Judge Sanlord:—Nos. 299, 475, 250, 263, 260, 879, 326, 330, 381, 6, 329, 838, 296, 321, 385.’ Pars 2—Adjourned for the term, Commox Pixas—equiry Tre, —Held by Judge Van | Brunt —No day calendar. Common Pixas—Triat Terw—Part 1.—Adjourned for theterm. Part 2—Held by Judge Van Bruut,—C Part 3—Held by Judge J. F. Daly.—Nos. 968, 813, 827, 1013, S14, Marixe Covrt—Trut Teru—Part 1—Held by Judge Alker,—Nos. 44us, 4700, 4608, 4871, 4940, 4550, 491, 5005, 5007, 5008, 5009, 5010, 5013, 5014, 5015, Part 2— Held by Judge Goepp.—Nos. 4722, 4974, d342, 4725, 4390, 7901, 4447, 4553, 4924, 4970, 5016, 5019, 5020, 5021, Part 3—Held by ' Judge Sinnoit—Nos.. 5040, , 2815, 7166, 7318, 8521, 8596, 6645, 7714, 6423, 7009, 7168, 3688, 8503, 8472 GENRRAL Sessions—Part 1—Hela by Judge Sutb- erlaud.—Ihe People vs. Charlies R. Beckwith, embez- glemont. Part 2—Held by Judge Gildersleeve.—Lhe People vs. Henry P. Autes, grand larceny. The price of the HERALD to-day and hencefor:h will be three cents. NEW YORK AND ITS TRADE. To tHe Eprrox or Tux Herauo:— . The Hexatp from time to time bas shown an intel- hgent interest in the question of providing proper ter- minal factlities for the transaction of business along the water front of the city. New Work, by reason of her truly magnificent water advantages as a seaport, has naturally attracted the chief commerce of the country. With the Hudson River and the Erie Canal Connecting the great northern Jakes, and previous to the completion of the great raitway lines to Boston, Philadelpnia and Baltimore, the vast products of the ‘West and Northwest were floated to our docks much } more easily and economically than at either of the For ten years past agen- work (9 bribg tho greatgrain gicns within easy reach ergy, capital and perse- rance natural disadvantages have been overcume hat New York has now three pow- erful. rivals. Business is not done for the simple pleasure of filling uptime. The paramount purpose 18 to reap & protit, and in the presence of sharp, uctive competition, such a8 we now witness, those who havo capital to embark in trade aro govng tv put that capi- tal at points where it will yield the largest return. Previous to 1870 our business men here appeared to have it all thoir own way, In the general ruan of Southern and Wostern trade to the city little or no ntion was paid to securing convevient terminai advantages. Our docks wero run largely in the inter- ests of politic and epeculators, who practised wicked and criminal extortions upon the business men. Thi ‘uctures were léft to rot down, and thou- sands of dollars were charged to the city for repairs avd improvements never inade. The whole record of the mapagement of this price- Jess estate, previous to the orgunization of the Duck Departmens, was as vile as anytbing could weil be. The city was cheated and plundered in almost every department, and it {4 a wonder that Now York eucceeus at all undersuch a wild barvest of id and jobbery. Nothing but Ler natural advantages saved ber from ruin, The improvement of the docks and wharves ‘s to-day one of tm st important subjects that can possibly engage the attention of our citizens A walk along South and West sireets will convince any upprejuaiced | person thatthe commerce of this port, il tt is to be maintained, must Le provided with bevter facilities. ‘This great necessity has grown upop me steadily from the first hour of my connection with this uepart- Ment, and yet, strange as it may seem, with all the dangers that menace our trade, there hi been what I do not hesitaie to characterize as stupi ppo- reat work, The ci I wou'a not conse ly wo this heavy burden; debt to adda dollar up but our power to iit these burdene and our future success depends upon the fact whether New York can continue to bold the key to the commerce of the country. West street mast be widened to admit the | passage of railway trains in closo proximity to the docks. This is uecessary in order to save ipier-transit | exponses, for, us the HeRraup says, “‘a few c hundred ‘tu trade from us.” It is the | straw that br camel’s back. j A city or @ people struygling for very existence must, in order to save themseives, put orth heroic efforts, 0 other thing—the authorities of Boston, Phila- deiphia and Baltimore have gencrously come to the heip of radways seeking reliet at those seaboards. ‘How bas tt been in New York? This question is easily answered by these who Lave watched the course of things here. seems to have been for years past « sort of combination between the authorities and property owners to keep railroads from coming into the city at ali, The contingance of this system of blind | seil-prese! jon must, if perasted jp, check the growth of city aud depreciate the general value of property extent wholly aniooked for by those whe scan tl bject from x narrow and seliish staud- point, New York will continue to grow, but she wanis an supply of water ana better pavements, jocrensed and she must have, in order to keep and incresse her population, rapid transit and more cummodious whart and dock accommodations. Unless these things are valuable elem fully, Tespect- ALES, THE MKETTRICK FAMILY. A few days ago the Heratp called attention to the case of Mr. McKettrick, an honest and deserving piano maker, who, on account of a lingering disease, is un- able to support bis family. It was stated then that he wanted to go back \o Europe, where his rejatives could be of use to him, and that benevol persons would do an actot charity by aiding hi defraying the expevses of the journey. This sae bas met with buch The ‘enlly a very 0 anything to ry of this unfortunate family can be ase ry y Will not bestow (heir charity upon unworthy recipientes of power ana growth, oa | S. A. i DISBURSRMBNTS. Totat Pay ‘ivi. + Manage. ments to dends to ment —_Agaregate Policy Stock- and Other ~ Dis. Year. Holders. holders. Expenses. bureements, | < $1,000 — $55,155 $56,155 25,590 2 198,56: ‘1869, 1870, Isi1... 1 18: S74. 1875. 786 $15,836,343 e aboye figures are taken from sworn reports to the Superintendent of the New York Stato Insurance Department. According to the same reports the as. | sets and habilities of the company at the end of each | year were as follows :— a ial ties Surplus as Exzcluswe to Policy Capitat, Holders, | + $100,000 $185,495 100,000 S18 + 100,000 2,067,178 + 100,000 8,500,103 + 100,000 4,505,235 100,000 4,932,487 + 100,000 5,942 2 100,000 6,353,604 2 100,000 6,473,159 + 100,000 6,229,485 INCOME. At the beginning of the year the company reported 24,778 policies in force, insuring $51,179,234, Ot the: 6,939 policies were on the lives of citizens of the State > York. The assets of the compavy Ii Ported as follows in the sworn si! January were ro- ment of the offi. cers:— Real estate, cost valuc. $088,482 24 Real estate mortgages. . 1,301,277 50 Loans on stock collaterals, 00 05 5,24 985,336 55 Total.....s00esees se cerere es ceees «$0,220,404 83 | A HEKALD reporter visited the office of thy company immediately upon the announcement of the faiure | and inquired in vain for the receiver, Mr. John J. Anderson, who had been appointed by Judge Calvin E, Pratt, of the Second Judicial District, in the Sper Term of the Supreme Court. Aiter two visits and much unnecessary delay the usher consented to introduce the HERALD correspondent, whom Mr, Anderson very alfably received. answer to various iuquiries tho gentlemen stated that ho entered upon bis duties with } almost otter ignorance of them, and supposed. he bad been selected to wind up the affairs of the institution because he had made a fair report of the Loaners’ Bank, which showed a deficiency of about $40,000. He | was.a friend of Mr. Frost, the late presidcntol tho Continental Life insurance Company, and may have been recommended by some of the officials, although he had no knowledge of any such fact. had no time as y to examine the books or papers of the inatiiution, but supposed their embarrassment resuited irom the shrinkage in real ate apd the threats of further suits other thi commenced by John 0. Host in the Supreme Court, whieh resulted in bis (Mr. Anderson’s) appointment. "As soon as possible an exbibit would be ma Mf tne assets and liabilities of the institution, so staat policy holders | should know exactly how they stood. Of course now that the matter was tp the courts expenses of manage- ment woula be cut down, lapses in policies would ensue, and if a proper supervision on all points wus exercised perhaps the compaay would find themselves inline without much loss. Mr. Anderson, the receiver, seems to be a plain, straight torward business man, He 1s «native of St. Lou lons. The jailuro creates bo surprise among business men or | in insurance circies, ithas been in bad odor tor some time in regard to transactions which wore cun- sidered illegitimate jn the line of life insurance. There are said to be some suits pending against the company, which, being decided untavorabiy, may materially alter the conditions of settlement with the policy holders. Other assets THE LOANERS’ BANK. Yesterday foronoon Judge Pratt, of the Supreme Court, Kings county, on behalf of the Continental Life Insurance Company and other depositors, granted an application for the appointment of a receiver of the Loaners’ Bank of New York, in place of Jobu F. Hub- bard, resigned. The price of the Hanaro to-day and henceforth will be three cents. THE DEFAULTING TELLER. There were no new developments yesterday in tho cage of Thomas Ellis, the abeconding paying teller ot the Park Bank. By a typographical error the amount stolen was stated in yesterday’s paper to be but $36 000, while it should have read $65,000, $30,000 being in gold certificates of large denominations, the balauce being in jegal tender notes of $500 and $1,000 each. The cashier of the bank said to a Hexanp reporter yesterday, “Thero really ts nothing new, solar as 1 know of, in the case to-day. Tho detectives have not reported, and 1 am tgnoraut as to whether they have obtained any clew of not. The matter is left entirely | to their hands The gold certiticates were just like | | ourrency, a8 easy to pass--except for their large amount—as a two shilling piece.” During the day application was made to Judge Bar- rett, in Supreme Court, Chambers, for an attach- | ment against the property of the fugitive de- | jauiting The application was based on an | afi: of James 1. Worth, President of tho k | ar] Bank, reeiting the facts of the embezzlement and | amount of money taken, eeety reported, The | application was promptly granted. This goes to show that Elus bas some property im this city, bat vo par- teu! as to its location or value was given in the papers submitted to the © JUSTIFIABLE HOMICIDE. Peter Brown, a French sailor, was tried in the Kings County Court of Sessions, before Judge Moore, yester- day, on an indictment for manslaughter in the fourth degree, It appeared that on the night of September 26 tbe prisoner was drinking and (throwing dice with a bartender in a Main sireet liquor saloon, when Patrick Harney, a laborer, entered the place and in- sed upon taking part with the prisoner im the game which was in progress, Brown would not permit u coused, Who intoxicated, to play, whereupon tht inimatare sh then knocked bim down and kicked nim while ta! It was shown on the trial that death resulted from a Jacoration of the int nes. The jury acquitted Brown on the ground that he acted in selt-detonce. RECEIVING STOLEN GOODS. Edwin B, Mangen, an oncraver in the employ of Mr. Harry Leslie, doing business at No, 544 Peart atrect, was yesterday held in $1,000 ball for trial by Justice je of receiving irom W. Davies, with jewelry and silver. ave been | republican Supermtendent of the Bank Department, i | as proofs of his | accepied tue receiver. | ond and third ¥ | ot | the reaj deficit be presenter | this result 1 bav | of the amount due t y. Lesiie to ince, ‘The property was valucd L by Messrs, Floya, Gregory » LIABILITY OF STATE OFFICERS. BECFIVER BEST'S KEJOINDER To MR. ELLIS, OF THY BANK DEPARTMENT. An tateresting political question in regard to the lia- bility of State officers has come up in the charges of Neceiver William J. Best ugainst “Dewitt C. Elks, the and os auswering all these questions the following cor- respondence has been received irom the first uamed ntleman, who is liquidating the affairs of the Me- chanies and Traders’ Savings Institution:— My report to Governor Tilden upon the condition of this imstiiution in 1874 has Veen variously received. A portion of the daily press proless to regard it as in some Way connected’ With ihe present campaig: This, to say the least, is agrave mistake. Equaily erroneous is the idea that Lam in any sense tuim! cal Lo the Supermiendent of the Banking Department. On the contrary, my course has deen rather iriendly than otherwise. For nearly two yeurs past he las been assailed vy the press tor alleged mismanagement | of the Import Hopartment, of whic he ts the head. The irregularities which prostrated the bank of which Lam receiver have Leen cit ain and again iuquency, but always io such a Vague Way as to aflord nu reasopabie basis upon which he coud weet aud, if possible, refute the charges of his assailants, This opportunity 1 have given him, and | Lo One regrets more siucerciy than myself (hat be has | not closed fairly with the issue. It involves questious of too great moment to be disposed of in a uewspaper article. It is, however, due to the community that £ Should at once reply ‘to the official statement of the Superimtendent puolished to-day. For yours past banking bas been a special study with me, and when L ined to thoroughly examine tue its Management, from | iis bexinning tots Ignoble close. ‘Tuis much | owed alike Lo the depositors aud the puolic, and that the a4- Ment tacts should bv made known. Hence my report | to Governor Tiiden, who, it is now well understuod, has no power to remove or even suspend the Superin: tendent without the cousent of the Senate. This being by, Mr, Bilis owes it to himselt to bring the matter fore that body s soon as it convenes; vut should ho fail to do so I shail. fhe record which he bas made in | his official relations to tuis bank alone demands a full investigution by uuihorities competent to decide the questions at issue between Lim and myself. Of ny report to Governor Tilden I shall say but a few words, The books of the institution twly subtain the first, sec- fications—-namely, that it wus hope. lessly insoivent in the summer ot 1874; What the iact was reported to the Boury of Trustees’ by a special cominittes of their own members, and that the Crus- tees failed to “make good the delictency or otherwise protect the interests of the depositors,” ‘Yhe fourth, ti{th and sixth specitications aro based upon the altidavits of Messrs. Fioyd, Gregory and Bellamy, a fact which seems to have escaped the notice of Superintendent Ellis, What do there gentlemen | altirm? Simply that the Mechanics and Traders’ Sav- ings Institution was insolvent in 1874; that they so. in- Jormed Mr, Ellis in September of that year; that, at | their request, he came to New York and made a per- | sonal exumimation of the aflairs of the 1ustitution; that he allerward admitted to them that the bank was **sub- stuntiolly”” in the condition they reported, and prom | ised that he would “take such action in the premises as would protect the interests of the depositors.” | What Jid ho uo? He wrote to the President, Conklin, | ou Uctober 19, that ‘it uppenrs that the bank, | having a surplus, heretotore repurte ticient to the amount of $24,981 90." Reterrin the same letter, to the character o! the assets, he states that the deticien vould undoubtedly, in the judg. | d the amount named,” and himself | $50,000 instead of the sum re- | ported to me.!’ Mr. Ellis states that in December to! | lowiog President Conklin and Vice-P.esident Ross | mot bim at Albuoy and “extibited to hit satisfactory | proofs that ine deliciency tub im Octover |S * * had wen male good, and that there was then a gurplus of over $7,000." What the “‘atisiactory proets’’ con- “‘proots”” may have appeared to him quite Dui the depositors and the public will indorse his opinion. One thing 18 cert dollar of the deticiency was made good by the trustees, then or since. he seventh and last specification in my letter to Governor n asserts that the closing of the institu- ton in ‘ould have prevented a large portion of the deticicney discovered by me. When the proper time comes I'shall make good my opinion in this re- rds. Toe circumstances under which the letter to Pre dent Conklin, dated October 19, 1874, written, hot accurately stated by Superintenuent Elis AS alleged by Floyd, Grogory and Beliamy, Mr. Eihs hiin- seit examined the institution avout Octover 2 This is not denied by Mr. Elis. Nor can he sucvessiully show that ho was rot goaded into writing the letter reterred to by the threats of Mr. Bellamy. This gentleman, in answer to inquiries, 1mjorms me that on October 17 he wrote to Mr. Eliis calling his attention tothe insolvency of the institution, the proof of which, sworn 10 by Floyd ‘egory, he (Beliany) had Juid betore the Super- nt several weeks previously. In this letter Mr. Bellamy asked Mr. EKilis to tako immediate action closing as 10.low They (Floyd and Gregory) wit me to add, further, that, should no other way of 11 diately protecting the depositors for the {uil amount of He they would not {col Justified in longer delaying as trustees * * * to bring the true state of the institution before the courts and the pablic.”” ‘Mr. Eilts replied promptly ag foliows:-— ALMaNy, Oct. 19, 1874, F, P. Bettany, Esq, Brooklyn. N. Dear ur tuvor of 17th inat. is received and duly considered. 1 have this day addressed an. official letter to the president of the bank for the cousideration of the Board of Trustees. Lrespectiully direet your attention and those you represent to the same jor my views in the matter under consideration. Very truly yours, D. C. LLLIS, Superintendent, Read in the light of this correspondence, Mr, Ellis will find few believers in bi6 official denial of my aile- gutions “as to the knowledge possessed by the Super. intendent of the cunuition of the bank’? 10 1874. Replying to my charges, Mr. K rT first, “that the Superintendent of the Bank Department obtains information respecting a ravings bank in only two wayx—one by the report of is ofhcers and the other by the report of the cxamioer.”’ Dues the superintendent wish it to be understood that he implicitly relies upon the reports of the officers and examiners ior lis knowl- eage«fthe conditiog of the savings banks of this State’ The examiner is appointed by and is respon- sible to the Superiutendent. - Suppose ho should con- spire with ibe officers of an insolvent bank to bolster it up, should not the Superintendent ho held responsible for the acts of his agent? Mr. Elits appears to think otherwi: jor he appeals to the report made to him rt Reid, Marea 31, 1574, tojustiy course ing this'bank in the fall’ o! ‘same year. r surplus of $82,831 18 on April 1. have beep made several timos the parely fictitious, Schedule A, hereto joxed, covers ail of the assets of the bank at the date named’ In parailel colatnps aro given the par value, cost, market value and the value put apon them by Mr. Elis, he baving accepted the report oi Mr. Reid. The prices which form the basis of my estimate were /urnisued me by two of the prin- cipal operators im such securities, A comparison of the a d Habilities, as given by Mr. Eilis und my- self, x & deficiency of $196,623 54. In reaching he ‘general ledger’ estimate depositors, I condition of the bank on March 31, 1874, is shown by this short table :— ASSETS, Schedule A....+.- seee+e+ $2,429,689 15 LIA BILITIRI Duo depositors (principal). $2,525,430 44 ‘ Due depositors (interest) 36,000 00 4,832 27—$2,566,312 71 Deficiency March 31, 187 seoss 198,823 66 Add amount due depositors uown by ‘dealers’ ledgers” in excess ul general ledger, AWOUL.....-seseeeeeeteseee 70,000 00 Total deficiency... stsseeseces $206,628 66 Examiner Reid’s next report is dated October o. 1874. When this examination made does put pe bat it must have been prev to Uctober 2. On that day Mr. Bilis began his now jamous personal in- vestigation, Which, according to a minute in the diary of Trustee Gregory, ended on tue afternoon of the 7th. Mr. Reid im bis October 6 report admits “‘a delictency of assets of $30,071 90." [twill Le remembered that he reported a surplus oo April 1 of $82,331 18 Adding this sum to the alleged deiicw October 1, we got $112,402 08, of a lors of $112,402 08 in the short period of sx mouths. Messrs. Ellis and Reid are welcume io any comfort they can extract from such ap exhibit as this, The Oowber report of Mr. Reid aiso cai! tion to ‘annual deticiency of income,” estimated by him at $14,191 82. ‘hat isto say, the income of the bank fell short of its expense: the interest duc to depositors more than $14,000; and yet this institution was allowed to go On daily sinking the earniugs of the oor. ‘The new Savings Bank law came into operation in May, 1875. Tne jorty-third section provides toat the Bavk Superintendent, personally of vy sume compe- tent person or persons, must examine every savings | corporation in the Siate, This section also empowers the Superintendent ‘to examine any such corporation rin his judgment its condition or im uch as to repder an examination of its allairs necessary expedient.” The Superintendent and examiners empowered minister oaths and compel atiendance of witnesses and the production of vooks and papers. | Beetion 44 provides that when an corporation | has committed any violation of or ot jaw, | or is condneting its busivess ard affairs in an unsafe or unauthorized manner, he * * * shail direct the discontin- and unautborized practices * * * and the Superintendent that it ny such corp ail communicat I thereupon: ense may require, These extracts show that the Superintendent was | clothed with ample powers to close this institution im May ot lust year, if not earlier, He knew that its in- vestmonts were largely contrary to its charter and Jaw, tbat its Southern securitios were daily deprectat- ing in value, that its expenses, including Ynteress to | depositors, exceeded 118 income by over $14,000 } ‘Abd he must have known, uniess he was 1 the plain his office, that the insut thon bad Jon, iL Two trustees, alter banking its charter 8! echedules and report were before the Super He also know that these gentiemes had even gone so far in the epring of 1875 as to try to have the institu- tion placed in the bands of a receiver, The compiaint in the case was filed in Albany in February, I think, and tho press copy of it is now in my posses. sion. Mosara. Floyd and Gregory state that the blame or credit of the tailure of this procceaing was du entirely to the of of Mr. Bilis, This ts only part of the cage against Superintendent Ellis, as made out id Beliamy, whose state- | + ments of the condition of the institution are fully sus- tained by its books, That Mr. Elis ho 4 have an opportunity to meet the charges 1 shall, as stated herein, bring the matter before the Legislyture at ts next session, WILLIAM J, BEST, Recetver. Mekcaxios ax TRADERS’ Savinas LxstiTutioN, New York, Oct, 24, 1876. ‘The following is the schedule referred to, which will explain the charges distinctly made, and this is taken verbatim from the books ot the institution : P04 z 2 P H 2 3 & 3 a soomnaanig spnog onttasas £41 soted\20u pur spacy * a 5 we 3135 | 1 8883 22 Sf: 2s 'ssssssseeess S s3* The price of the HeRaup to-day and henceforth wilt be three cents, Mavic Joknson is at work on a small inndseape, which promises to be very successful. Tucre is an efort in this little canvas to depart as much as possible from conventional art and picture Naturo as she is, with ber beaut nd crudities, to obtain what may be called the facts of colorand atmosphere and set them down without any attempt at improvement, The effect is very pleasing. Edward Moran 18 bard at work on tho large canvas of “Liberty Enlightening the World.” Since George inness bas returned to America the public do not seem totake as much interest in hig works as when he painted in Europe The same thing happened to other American 1s, so that absonieeism in art is encour. two the triment of our native ‘hool Inness bas now on exhibition at Moore’s Art They aged of art, Gallery two important American landscapes, reveal that poetic tenderness which is a distinguishing feature of this artist’s style, In these works we find breadth of treatment joimea to depth of fce.iug, which ought to seoure for them the favor of the public, H. Humphrey Moore has on exhibition at Goupil’s Gallery an important picture representing a scene in Morocco. It 18 called ‘The Moorish Bazaar.” the Jultbfat are engaged in the purchase und sale of a Jong Arab gun, and ihe artist has been very successful in the composition of this group. The work 1s one of the most impurtant contributions to American figure painting, the drawing being marked by treo- dom and decision but ov" frequently want- in the figure subjects of our native school. picture shows conclusively whi rd American urt has inude w: The painting of the ri great shin the ten yeu bazaar” displays a technique of a high order that has no.ting to tear from comparison with the best work ot European artiste. ‘The covor is perhaps a trifle glar- ing, but is remarkably rich and elfecnve. The details | of the picture are puinted with great accuracy and strength, Mr. Moore’s work is acreditabie addition to American art, Snedecor’s gallery is almost wholly taken up with the works of well known ana favorite artists, Governor Tilden visited the Loan Exbibition at the day. The Governor ex- pressed hi with the art display, Promised soou to renew bis visit, ART BXHIBITION. The Leavitt Art Rooms ure just now occupied by a remarkavie collection of pictures. the property of European dealers. Nearly all the best known artists of France, Germany and Itaty are represented, and it merit is very high, A peculiar feature of this exhi- bition is that every picture intended for sale is marked tn tho catalogue with two prices—first, the setting up price, Which is the lowest price that will be accepied by the sellers, and the other represents what the doaler considers too figure that will pay him a fair prodt, Tho object of this innovation 1s to convince the public ‘that the owners of the pictures aro prepared to make a bona fide sale, taking a certain hmited risk on the speculation. This system bas certainly a good deal in isto recommend it. The public get aa appropriats idea of the real valuo ol the works they pro pose to buy, and if they blunder they do to with their eyos open, und have po ono to blame but themselves, Among the first class pictures 18 @ portrait, necessarily ideal, of Colum. bus, The great discaverer is represented in prisou, is evidently pondering on the ingratitude of kin, id the instability of human affairs, It ix trom the el ot Louis Gnilait, the famous French artist, aud has much of the peculiar power of his styio, Geronimo Induno is represented by a cever picture called “Grandiatber’s Birthday Pros ” ya which the groupig, expression and color all treated with well balanced power. Guillemin’s ““Kaoitting Lesson” will recall memories of Frére, and 1s delightiul through its simplicity and naturalness, —Escusura is represented by “The Bridal Presenis,’’ and the Duseb De Haas hasa tine, strong landscape, with cattio, Yenkate, aiotver Duich artist, is represented by a fine genre picture, ‘The Peder,”’ Bakalowimtz's bis- torical painting, “Henry [11 of France Leaving the Paiace on a Hewking Expedition,” 1s ried | jor and Ling as a study of bygone times. The artist bas d reproduces with natic effect the aflecteu manners ot the period. & number of other works equally deserving of mention, but enough bas been suid to arunse the curiosity of those taking an interest in art matters, The exhibition 6 iree, aud will weil repay avisit. It wil reinain open to the pubhe until this evening, when the works will be sold by auction, The prive of the HERALD to-day and henceforih twill be three cents, THE PARK DEPARTMENT. The continuation of Third avenuo in the Twenty- fourth ward, just above One hundrod and seventieth stroct, is called Fordham avenue. This avenue, which runs a8 jar as the Fordham depot, is narrower thau Third avenue. Yesterday the Board of Park Com- missioners passed a resolution to widen itso that it will be equal iu width to Third avenu Comparatively few houses are built im tho way of the proposed cxten- sion and the cunseat of the property owners bus been obtained. Three ether maps were presented by the Supervis- ing Topographical Enginoer concerning some changes on the lines of Mote nue, Boston road and Edge- combe road, ‘Their consideration was laid over by the Board until some expression of opinion in regard to tho changes can be obtained from persons residing on those streets. Uo August 23 the contract for the Brook My ne sewer was awardesl to Mesers, Jones & McQuade. Comptrolier did not ay Lith of October, a Park Department of his action ‘23d inst. the contracts. wi day a letiet was received irom the contractors, of which the following ts an extract ;- “The season is #0 advanced that it Is not practi- cable to commence any mason work this year. Under the terms of the contract all mason work must be stop} on November i. We are bound by the con. tract to commence the work wheuever y Board direct: ‘The contractors then ask for instructions what to do ter. at kinds of work on this tion of rock, xeavation of earth It wonid bo entirely jess the exca' of earth now, as the long ‘winter wouid fill ap the ground again and necessitate the repetition of the work next year. The mason ‘work has to be stopped by the Urst day of November, as the frost and cold atier that day would injure it. ‘Thus the only work that can now be do: ‘vation ot rock. is the oxce- Ii the sureties had been approved of in Green received them there throws the work over watt noxt suring ‘The artist hus tried | Two of | h carpets and | ons Unique ovjects that gc to make up a “Moorish | there are nut very many great works tho average of | 5 THE MAGGIE BAUER MURDER, CONFESSION OF M'CONOCHIF, THE SLAYER O09 THE CHILD. The terrible mystery is at Inst clearet up and the murderer of littie Maggie Bauer is disecvered, Ever | since her mutilated body wos fouud in the woods neat her parents’ dwelliny, on the morning of the 15th ot | August lust, suspicion has pointed most sirongly at Kate Hofman as provubly cuilty of the dreadful rime, ax she was last seen in her company on the evening provious, but it appears after al! that Kate’s fervent asseverations of innocence at the Coroner's inquest were true and that slo must have parted from Maggio near Hunmet’s barn, as related in her testi mony. Two or three men have also been suspected anid have at various times been under arrest and ex amination and finally discharged for lack of sufcieat | prooi, but % now proves that one of these men, Frank | MeConochte, otherwise known as Frank Conner, te really guilty of the fon! murder. McVonoehie, it will be remembered, was arrested som weeks ago on suspicion, a shirt with blood om the sleeve having been found in a barn where he had made a change, and he had since remained in the Queens County Jail at North Hempstead until ineeting of the Grand Jury of the Circuit Coart last week, when both ho and Kate Hoifman were dis- charged from custody, there not being evidence | snfticient to warraut the fuding of an indictment aipst either. Since McConochie was set at liberty he has been persistently foliowed by Detective Stephen Payne, whose services in bringing the negro murderers, Jarvis and Jackson, to justice, will bo recollected, He had no sooner left the jail than Payne was atter him and ‘took him in tow,’? On Saturday might last, becominy satisfied that be was on the right track, he arrested McConochwe at a house ia Fulton avenue, Brooklyn, where Le was stop- rmau faimnily named Hermely, He im yed him to locked up ina cell at the Town Hall and kept wuile the ollicers worked upon various contrady stories he told, all of which were found to be false. He persistently insisted that he was in New Yorx when the murder way committed, and that he had never Veen at Valley Stream or Foster's Meadow, This was found to ve entirely untrue, the officers ascertaining that on tho day and the day previous to the murder be was at Decker's store, in Springfield. On Sunday, the ined 13, he wus thore and got something to eat, On Monday, about one hour ater the murder, on shortly after two o'clock P. M.. he entered a saloor | German, bet weou Springfield and Mr. Bauer’t and asked tor etuing to cat At this time it was noticed that bis nose and faco were scratch and biceving. He then inquired tor the Merrick plank road and went away toward Pearsall’s Corner, About | four mules from this saloon to the eastward he was seen on the following day st noon. He then stopped at a barber’s shop and xot shaved, paying for it by aw ing wood. He stated that be had walked {rom New York and wos on his way to the Merrick camp meet He did not go to Merrick, however, but, as ap: , Walked to Brooklyn and went to the nouse of ster, who resides there, and whom he asked for suine Woney, saying that he wanted to po West. She gave him some movey, but instead of going away he Temaiued about the place unt lhe had spent tt. Ou tho 2d of September be got on a farmer's wagon and rode to Hempstead and went to Mr. 2. ©, Baraum’s place, where he worked about a month, He was then arrested on suspicion of having a knowledge of the murder, in convection with Kate Hofman, with whom he was alleged to have been intimate, and kept in jail until discuarged as above stated, Yesterday Detective Payne took him from his cellat the Jamaica Town Hull aud conveyed tim to the place where the murder was committed. He had proviousiy been closely examined in the presenre of Justic Ben- nett and a number of officers, when his manver and contradictory statements ied to the conclasion that guilty, “Arriving atthe place where the body ‘was found ho was immediately struck with horror and remorse. He. could stand out in bis denial no longer, but gave completciy away, and made a full contession, | not only of the crime, but of the manner ia which be committed it, Atthe request of Payne he also showed others who were near by the fatal spot where the deed was committed and the way in which he accomplished it, His narrative ts as follows :— On the afternoon ot the 14th of August, when the murder was committed, Was in a corn eld at ine time when Maggie went to show Kate Hoffman the way through the woods to the Vailey Stream depot. He saw them both go past the corn watched Maggie's return, and as she got opposite to bim he sprang out at ber and grappled her by the thruat to prevent ber | making a noise, the child meanwhile cying “Ma! ma! ‘At this point of the cunfession the mother of Magzie, whe was present, sprang upon the prisoner wita the ferocity of a tigress, grabbed him by the throat, and would no doubt have choked him to death but for the | interposition of the officer, who could with difficulty | keep ber away fom the murderer of her child. McConochie continued :—Ai choking Maggie he kept bis grasp upon her throat aud carried her through tho corn ficld to the woos, where he attempted to vio- late her person, and crammed leaves aud the corner of her bonnet into her mow, R ai th ings tightly abouther neck. He also took her waist ribbom and tied it tightly arouad her neck, which dompleted the | work of murder. He afterward broke down gome cedar limbs, 80 that he could fiud the body alter dark, for the purpose of hiding it more effectually, but wher darkness camo on he was atraid to go near the place in answer to @ question he said toast the injury te yn was done with his hand, ochie bad made this horrible confession taken by the oflicer to the Vailey Strram depot, to take a train back to Jamaica, Here, the con- fession being notsed about, a crowd soon gathered with rope, and the prisoner was saved with great dilficalty from immudiate death by lynching—the officers throat- ening to shoot the first person that approached him. He was finally returned in safety to bis cell at Jamaica, McConochio 1s twenty-seven years old and was born | in this country. The members of bis tamily are highiy respected residents of Brooklyn and for some time past havo refused to have anything to do with him. Ho is represented to be by nature passionate and lust- ful. One circumstance that led Detective Payne to be- Neve that he was gailty was hi planation of Bcratcbes on bis nose and face and the blood on his shirtsleeve. The former were undoubtedly made by | Maggie's Goger nails in her struggle with him. Ie | said they were made through his being thrown out of ¢ wagon. Had this been the case the wounds would have been of aditferent character. He said the blood on hi: | sleeve came from tho same cause, his arm being cut,anc | he showed what he said was a rent in the sieeve, bui | which proved, upon close examination, to be cut witt | a knife. There was also a small cut in the arm, ow | an examination of the sleeve showed that tho vioue was, upon the outside; there was none upon the in side. ‘The regutar examination wiil tal Place before Jus tice Benuott, of Jamaica, 0. Mouday next. The Jus | tice and the officers attached to his court deserve | much credit tor the prompt manner tn which they | have throughout co-operates with Detective Payne. The Board of Sapervisors some tine ago offered t reward of $250 lor tho discovery of ths murderer, | This will probably be voted, with an increase to $1,000, | at tho noxt meeting. The price of the Herat to-day and henceforth will be three cents, ELLEN SHELTO: ACQUITTED. N.J., Oct. 25, 1876, The jury im the case of Eile Shelton (colored), tried for ihe murder of her deformed infant, after boing out all night, came in this morning with a verdict of not guilty. Mrs. Shelton ts beld as a witness in another case, ) SALE OF COAL The Delaware, Lackawanna and Western Kailrond | Company sold yesterday alternoon at public anction, at the company’s salesroom, No. 26 Exchange place, 100,000 tons of Scranton coa', froin the Lackawanna Valiey, deliverable at the company’s docks, at Hoboken, dur- ing the month of November. At noon Mr. John H. Draper read the conditions of sale, which were similar to those of former sales. The company was representod by Samuel Sloan, the Premdent, who frst offered 10,000 tons of steamer coal, which was started at $2.50, and ros rapidly by five cents and two and a hall cenis vances to $2 9245, which price 5,000 tons were id. The rate then rose to $2 95, at which price the remamder was quickly disposed of. Twenty-five | thonsaud tons of grate coal were then put up and started at $2 50, advancimy quickly to $2 825,, atwnich Tate 22,500 tons were sold in iow of 100 tons 5,006 tons each. The price thon fell to $280, at which rate | the remainder was sold. Twenty thousand tons of egg coal were then offered and started at , but quickly rose to $3, at which rate 12,000 tons were sold in lots of 100 tons to 5,000 tons each. The rate then foil to | $295, and about 2.500 tons were void. ‘the price then ‘fell to $2 9245, and a small quantity was sold, The price then fell to $2 90, and the re. mainder was disposed of at that rate. Foriy thousand — ton: ot stor coal were then put up and started at $3 50, but rose by rapid ad- vauces to $3 87;, at which rate about 12,0@ tons were soid in lots of various quantities, The prico then foll to $3 85, and a small quanuty was sold. A further fail to $3 8244 then took place and several thousana tons were qk disposed of, the remainder being sold at $3 ‘Only 5,000 tons of chestnut coal wero offered next, started at $3 75, advancing quickly to $3 823, bich rate one-half of th at sold, The price fell to $3 7734, mainder was disposed of rapidly. occupied aboat twenty minutes, and ti which was comparatively smail, cons! | buyers intent on business, There was no exertement manitested di gthe sale, With the exception of the | chestnut coal, the prices obtained to-day wore about fifteen cents per ton all round below those whick ruled at the sale of coal delivorable during October. AUCTION SALE OF COTTON MILLS; Provipvencn, R. I,, Vot. 25, 1876, The auction ‘wale of the property of the Ballow Manufacturing Company, at Woonsocket to-day, at tracted a large company of capitalists, No, 2 mill, built of stone apd wood, 8,! spindies, and No. @ mill, built of stone, 85,503 with the water power, were struck Manutacturin, Company, of which Gor itt 18 treasurer, $565,000, The appraisal 000, Tho other 1 mul bad been at private sale,