The New York Herald Newspaper, March 15, 1877, Page 9

8 LIFE INSURANCE TROUBLES. The Difficulties Engendered by Benjamin Noyes and His Little Tin Box. REMOTE CHANCES OF SETTLEMENT Continental Litigations and Life Insurance Ethics, Life insurance matters have lost much of their ex- citing interest during the past week, and people have more opportunity to inquire after a remedy for the evils that beset the business The anxious query among insurance managers is whether the panic bas spent: itself or whether this is but a temporary quiet that precedes another storm. Many believe that the trouble has only commenced, and faint rumors are circulated respecting new suits that are to be commenced and other companies that are to be dragged into the arena of imvestigation. ‘The affairs of the Continental are progressing quictly undeg Receiver Grace, while the pending ntigations are being dressed for a reappearance in the courts, The Attorney General is expected to take action in Albany as soon as the report ot Reteree De Witt shalt have been made to the Court, Mr. William Allen Butlor, the referee appointea under tho Hoyt procecd- ings, before makivg his report has a vast amount of testimony to consider, and scraps of evidence are still to be added, ‘The suits of Belknap and others agai the North America, Guardian and Universal are set down for Buturday, betore Judge Dykiman, at White Plains, but what action will be had or what will be asked 18 a mut- ter of specutation, Receiver Pierson 18 closely em- ployed at ine office of the companies on Warren street preparing statements that will outline the course ot ‘bis duties, Some of the representatives of tne Inspr. ance Department are also in the same office examining the registers of tne Universal Company. NEW JEKSEY MUTUAL ASSETS. Nota little curiosity is feit regarding tho efforts of Governor Parker, receiver of the New Jersey Mutual, to recover the tmissing assets which aro vow in the possession of Benjamin Noyes, of the National Capi- tal, That a man can thus put the assets of a corpora- tion ina tin box, proceed quietly into Connecticut and there smile complacently in the face of ‘Jersey jus- is worthy 10 be considered somewhat farcic puly legal shots directed at ths enterprising presi- dent were'an order from Chancellor Runyon, of New Jersey, fora return of the securities, und a writof ne exent issued from Brooklyn, which Mr. Noyes consid- erately left bebina bim, ‘It has been repeatedly stated by lis representatives and friends that he was anxious to conclude the business, and ‘next week?’ has chron- ically foreshadowed the felicitous event. Ex-Judge William Fullerton, who Taebiered acted as attorney for the New Jersey Mutual in some of these traneactions, was yesterday visited by the writer, with a view to obtaining any new developments that might have come to his knowledge. Mr. Fullerton said that he had endeavored strenuously to bring about a settle- ment between Receiver Parker and Mr. Noyes, but the intractability of the latter had induced him to retin- quish the task, He had asked Mr. Noyes to state his terms of agreement in writing, in order to present them to the other side, but this he had « clined to do, Mr. Noyes, to be sure, had made certain propositions, but he refused at the samo timo to give any specifications of the securities which he held, ard that of course vitiated the purpose of scitlomont. Sir. | Fullerton remarked that he could aseribe no particular motive for Mr. Noyes’ uilatory proceeding, and contra- | dicted the notion that Mr. Stedwell, the ex-president | of the New Jersey Mutual, was a party to the delay. / LIFE INSURANCE ETHICS. To tae Epitor or THe Herauo:— The Hon. John A. Finch, Special Insurance Com- missioner for the State of Indiana, has subinitte! to the underwriters of America a series of thirty-one queries for the information and benefit of the insur- ance committees of the several Stato Legislatures, Those queries bave been answered in detail by Mr. Charlton T. Lewis, Secretary of the New York Cham. ber of Life Insurance, in a printed pamphlet of twenty pages, Coming from this source the answers of Sec- rotary Lewis may fairly be assumed as representing officially the views of the managers of the companies somposing the Chamber, which includes moafly all of our largest institutions. In general the statements of Secretary Lewis aro terse, clear, and even judicial. They bear the marks | of the literary culture and ability for which the author \s justly distinguished, His views of the injustice and wrong to the policy-bolders of a company which, by real or technical insolvency, has been placed in the | hands of a receiver, by a pro rata distribution of the | assets among them all, sick and well, are very forci- | ble. Whatever the deficiency may bo in such cases tho remaining assets should be applied to continue the insurances, in whole or in part. ‘This 13 an impor- tant matter no, when so many companies are in pro- | tess of liquidati The answers of Secretary Lowis to tho sixteenth | query—that relating to surrender valucs—aro those to which Lcall attention. They derive importance trom | the fact that they are the careiuily prepared and oficial | opinions of the Chamber of Lite Insurance upon a sub- ject of material interest tv every policy-holder, These | official opinions, moreover, have beon widely circulated among the members of different State Legislatures with a view of moulding opinion and of influcucing legislation upon this subject. | The sixteeuth query of Mr, Finch reads as follows :— | “What protection or equivalent do you think the jaw Bhould secure to the holders of life policies which | must lapse Jor nou-payment of premiums?” Betore examining the statements ot Secretary Lewis in answer to this query, a brief explanation of the real nature of a life insurauce contract may not be amiss. | Life msurance is tased upon our knowledge of the | Jaws governing the chances of living and dying Thanks to the carefully prepared mortuary statistics | of different companies ‘and 10 some of the census re- | turns the rates of mortality at different ages among 4 | large number of persons similarly situated as regards habits und conditions of life, can, within well defined limits be preaicted with great precision and confidence, In other words, the cost of insurance at each age can be accurately determined in advanc So long as life insurance is purchased by uniform or average premiums or by any payments in excess of the requirements for the current yeur alone, there must, legally and necessarily, be a reserve on each policy of ch excess. This reserve or excess is simply and solely a deposit or payment in advance for insurance promised to ve furnished in iuture by the company to the individual depositor, I! the company is relieved from {ts obligations to furnish 6 insurance, can it refuse to return a portion at least of such payments made in advance to secure it? ing a trust The injustice 0: allow- company to retain and to confiscate funds for which no consideration has or can be, rendered 18 too obvious for valid Yet it is shown by the last repor: of the Superintendent of the New York Insurance Depart- ment that in the year 1875 alone no less than 61,055 policies, insuring $142,905,483, were forieited for non- payment of premiums and every doliar of reserve or pazmente in advanco thereon was coniiscated. The oases Lo individuals every year from the foriciture of their policies bave been tcariul, while the gains to the companies have been neutralized in whole or in part by the odium justly attaching to such flagrant wrong Abd the consequent enhanced cost of procuring new business, Let us now examine some of the official statements of the Secretary of the New York Chamber of Lite In- surance, Mr. Lewis states that a person desiring to effect an insurance “may pay the price down, and in this case the sale in absolute, * * * But the insured usually prefers not to pay the whole price at once, and for his accommodation the company Accepts in its place the annual payments during his life” of its equivalent. “In other words, the company, instead of investing the proceeds of its sale of imsur- auce in any other Way, invesis them in an annuity upon the life of the policy holder himself. 1! be should dio very soon it not only pays the insurance it hus sold, but loses all that pt the price whicu consists of the expected future paymentsof the annuity. * Any jaw which should undertake to guarantee to each member of a company the rightat any tine to withdraw and to take with him his share of the common fund would be destructive to the business. ‘The single premium, at age toriy, necessary to ge- cure $10,000 at deat! y the “Mataal Life’’ rates, which are those charged by the majority of the New York companies, 1 $4,40 ‘woad of paying this premiuin to the company, Ube in. dividuai, aged forty, shoula deposit the same «mount in the Seaman's Savings Bank or ir some other trust Institution of undoubted credit, und should apply the mmterest thereon each year in payment of an insurance on bis life for a sum sufficient to make up the $10,000 | desired, leas than four per cent perannum of this deposit, or $175 94, would suffice to pay the full an- nual premiam for an iweurance of $6,045, In e of bis death the heirs would be entitied to re savings bank $4,455 pal, augmente acoumulations in excess of the annual premi- pany $5,545 Insure aueo, augme! perhaps, by dividends, so’ that they | would have more than $10,000 from both institutions, Uf the savings bank should allow six per cent interest pn she deposit, or $267 30, there would An excess zach year of $91 36 over the annual premium. In the | ul of time, however, money may become more | desirable, oF necessary, than insurance, and ihe policy | holder may wish to terminate his contract and to withdraw bis funds, In the company he may not do so, but by the course above suggested he may withuraw the whole accunuiated deposit | from we savings bank at his pleasure, without prejudice to the insurance, whieh May or inay not be | tontinued. The reserve on any policy purchased by Quiform or average premiums, being a deposit wa | ment in advance for something promised to ve tur. | Gished in future, ought to be beld as it would be held | i deposited in a savings bank (as, fact, it might be in any case without prejudice to the ingurarce), You the retary of he Champer of IMe Josurance | ravely tells us that “to withdraw and to take with bia bis share of the common fund would be dostruc- | tive to the business.” A business on such / ‘ NEW YORK HERALD, THURSDAY, MARCH 15, 1877.—TRIPLE SHEET. principles, or, rather, want of principles, ought to be destroyed, Jt isa startiing fact that, in round numbers, nine Policies lapse by foriviture or surrender where one is terminated by death, In view of this, 1s it prudent to accept a policy in any compauy which does not stipu- jate 10 the contract itsell the surrender value in cash or in paid up insurance? It the State interferes at all in hfe insurance matters it should see to it that these reserves are not copfiscated, but should compel each company to pay in cash or by continued insurance a fair value on the surrender of each polic; Again, Secretary Lewis says tat w policy is disconunued “the company loses the ontire value of all ub miums contracted for upon the policy which are still unpaid.” Mr. Lewis omits to mention that 1p such case the company is relieved {rom its obligation to furnish the insurance which these premiums were intended to purchase. The releaso from the obligation to furnish the insurance fully offsets the lors of the premiums to be therefor, unless the company in- oan payments where no consideration is ren- lered, Finally, Secretary Lowis states: —‘‘Under the law of averages theory recognizes a certain amount of this reserve as corresponding to cach policy, but in prac tice and in a business point of view there 1s and can be no such thing as a reserve on @ particular policy. ’? By tho Iaws of New York and of other States every Ive insurance company 1s compelied to hold in certain securities a reserve for each and every policy in force, ‘This reservo is the legal liability for the advanced payments on unearned premiums on each policy. There can be no such thing us a liability without its corresponding credit, The Habilty is on the part of the company the credit is to the policy lolaer, The jaws of Massachusetts provide that in case of non-payment of premium the insurance shall not thereby be forfeitea, but eighty per cent of the rve beionging to the particular poliey shall be applied as a single premium to continue the whole insurance for an ascertainable period, The business of the Massa- chusetts companies has not been destroyed, but om the contrary has greatly prospered, by the application of this law. Again, the Supreme Cours of the United States has recently decided that it a person is pre- vented by circumsiances beyond bis control, as in the case of war, for instance, from paying a stipulated pre- mium when due, the insurance ‘may be forteited, but in such case the insure titled to the equitable value ot the policy arising from the premium actually paid, This equitable-value * * * may be recovered in an action at law or by a suit in equity. * * * ‘This reserve has grown out of premiums already paid, It belongs, in one eense, ty the assured who has paid them, somowhat as a deposit in a savings bank belong to the person who: bas paid the deposit. To torteit this excess, which belongs to the assured, and is tarly due from the company, aud which the Jatter actually has in its coffers, and to do this for a cause beyond individual control, would be rank in- justiee. Finally, the “contribution pian’? for tne ascertainment and equitable division of the surplus of a life ipsurant mpany, which has been adopted, ostensibly, at least, by every mutual company in the country, recognizes the tact that the reserve in cac case bélongs to the individual policy holder, and conse- quently he is entitled to any extra interest which may be carned thereon. This lability to the confiscation of the reservo or payments inadvance on a policy, in case of the non- payment of a stated premium wien due, 18 monstrous, it is a relic of barbariam, and notwithstanding the fact that it ts advocated by the New York Chamber of Life Insurance it should be prevented by law. In former days the provisions of a mortgage contract were rigidly eniorced, Failure to pay au interest in- stalmont when due entailed forfeiture, and the realty became the absolute property of the mortgagee without redress, no matter how great the disproportion be tween the amount of the debt and the vaiue of the estate, In time appeals were made to the English Court of Chancery, It was ruled that the for- feitvre of say £2,000 because a debt of say £1,000 was not’ paid punctualiy on the day when it fell due was unconscionable, und a remedy was turnished by giving the right of re- demption. in this country the remedy is found in the statuie law, The mortgagee, when interest or principal {sin default, may recover, by foreclosure and gale, the full amount of principal, interest and costs of collection, but the remainder, uf any, belongs of right to the mortgager. If a life msurance contract should be in default vy reason of the ton-puyment of a stated premium when duo the company is entitied to full compensation for the ineur- ance already furnished, iucluding an equitablo assessment for its share of expenses and for the cost of procuring a substitute equaily satisfactory as a contributor to future death claims and expensos, but the remainder, ifany, from previous payments belong f of right to the pohcy holder, and should be paid to bin either in cash or conunued insurance. It tnis isrefused | the remedy could, no douvt, be found in any court of ty 1 reserves on policies held by life insurance com- panies permitted to do business in this State amount to more than $40,000,000. They are, a8 bas beon statea, simply and solely’ the — accumulated deposits or payments in wdvance by individual policy holders tor benclits promised to be furnished them, individually, by the companies, They are in- tended, it 18 true, in cach case to be left with the com- pany until the death of the depositor, but for this very reason every safeguard which by legislative enactment is tbrown around deposits in savings bunks or trust com- panies which may be drawn at pleasure or during the lie time of the depositor should in even greater measure be thrown around the deposits in life insurance com- Dunies, As it 1s, these reserves may be injudiciously managed, insecurely invested, or even contlacated, They are placed vy the companies beyond the control of tbe individual owners ordepositors who have no voice in their investment, ‘These large accamula- tiong offer a teartul temptation to designing and un- scrupulous men to get and to retain possession of a company, and thus to coatrol and to manipulate the trust iunds for their own personal benefit. To crown it all, the Secretary of the New York Chamber of Life Insurance, which is composed of nearly all the leading companies in the country, states, in his official capacity, that to allow any policy holder to withdraw and ‘to tuke with him his share of the common fund, would be destruction to the businoss."” It the legisiatures would compel each compuny to insert in every contract of insurance the terms and conditions upon which the bolder may, at the end of any year, terminate his msurance share of the reserve, in cash ori paid-up insurance, Jifo iusurauce would at once attain a much higher and Its proper place 1n the estimation of the panlic, SHEPPARD HOMANS. Naw You, March, 13, 187 BOARD OF APPORTI JOHN'S GUILD oF HARLEM RIVER BRIDGE—ST. ASKS FOR AN INVESTIGATION—ISSUE BONDS AUTHORIZED. A special meeting of the Board of Apportionment was held in the Mayor’s Office yesterday. Mayor Ely, Comptroller Kelly, Tax Commissioner Whecler and Alderman Purroy were present. The sum of $4,560 was appropriated from the Excise fund to the Institution of Mercy for the support of 211 children for the quarter ending February 28 of this year. Comptrolier Kelly was authorized to issuo asse ment bonds to the amount of $110,000, A resolution was adopted authorizing a transfer of $583 33 from licenses to provide for expenses incurrea by the Board of Excise in prosecuting civil actions against hquor dealers, THE NEW HARLEM BRIDGE. On motion of Comptrolier Kelly, the Park Commis- sioners were directed to prepare plans and estimates for building an iron bridge over Harlem River, from Madison avenue to 198th street, and submit the same for consideration of tne Board of Apportionment These estimates must contain all expenses, including cost of filling in and completing the approaches to tho bridge, anu the necessary regulating aud grading of the streets to open it to the public on buth sides of the river. No action ts to be taken by the Board to au- thorize the issue of bonds for building the bridge before the costs of the tow, as well as the high, struc- ture are submitted and a comparison be made of their respective expenses. The Park Commission- ers are also requested not to open any proposals belore the plans aro submitted, ST. JONN’S GUILD Mayor Ely presented the following communication which he had received from the officers of St Jobn’s Gaild Draw iR—At nm meeting of the trustees of St. Jobn's ning, March 3, 1877, the following. to forward a copy to you “Whereas desirous of and its manag “Reso ed, . Joun's Guild and ite ma investiznted by ® bowed of referees to folows:—One member to be appointed by the May city, one member by the State Board of Charities, two mombers by the trastees of the Guild who shall be other than trustees, fitth member to be selected by the jour, any vacancies in the Board to be Mlied by the re- members, the result of the Investigation to be re- the Hoard of Trustees ¢ s incident to thin scription, and not to exceed $500. olficers of this meeting communical of Charities these rei a, That th to the ) Jutions at your enrliest conveni W Winisas H. Gurox, Seer ‘The Mayor wished to have the opinion of the Board as to What disposition should be made of the commu: nication. of Accounts might be authorized to make ap investiga- } tion, Mayor Ely remarked that the Commissioners might not be uble to go into such an examination as might be required under the circumstances, ‘Tax Commissioner Wheeler suggested that the Com- misswners of Accounts might examine into the man- her in which the moneys appropriated by the city had been expended. He thought this was'as far as the Board of Apportionment should go at present, This suggestion seemed to meet with approval of the other members of the Board, and the following resolu- Uon was tien adopted :— Resolved, That the Mayor be requested to instruct th © rs of Accounts to examine the financtal sffw o uild in order to ascertain whether ® proper disposition has veea mace by them of the moneys contri- buted by the clty treasury. GONE AFTER GROCERIES. George Reeves, of No. 874 Seventh avenue, left his house late on Monday night to procure somo groceries, and bas not beon seen since, He js thirty-three years old, born in England, and is about five feet four Inches in height, of medium build, with dark co: plexion, dark eyes and side Whiskers, He was attired ina black Derby hat, brown sack overcoat and ribbed = The police were instructed to look out for 1m, ‘ mptrolier Kelly thought that the Commissioners | WESTERN UNION, QUABTEBLY BEPORT OF THE EXECUTIVE COM- MITTEE, The Executive Committeo of the Board of Trustees of the Western Union Telegraph Company held their quarterly meeting yesterday forenoon in the com” pavy’s principal offices, Broadway, the President, Mr. Orton, in the chair. The following changes were made io Board of Mirectors:—, Mr. Cambridge Livingston was appointed a director of the company in place of Colonel W. k. Vermilye, deceased, aud Mr. Samuel F. Bargor in place of Cor- nelus Vanderbilt, deceased. Mr, William H. Vander- bilt was elected a member of the Executive Commitice in place of Corvelius Vanderbilt, THB QUARTERLY REPORT, In the report presented by the executive committes atthe last quarterly mectirg of the Bo: held De- cember 18, 1876, .be net profits for the quarter ending December 31 (November business being partially and December wholly estimated) were estimated at $908,656 94, ‘The official returns for the quarter (ending Decom- ber 31) showed the profits to be $943,158 30, or $34,601 36 in excess of the estimate, ‘Tho following revised statement, based upon com plete returns, will show the condition of the company ai close of the quarter ended December 31, 1876:— Surplus October 1, 1876, a8 per last quar- $101,045 15 terly report....... see Net profits, quarter ended December pt ¥ 943,158 30 > +++ $1,044,203 45 TOU). ,.000seeeeeree From which deducting Dividend of 14g per cent, paid January 15, 1877... «+++ + $507,136 60 interest on bonded 115,488 00 20,000 00 86,338 11 36,785 50 10,139 00 6,365 00 One quarter’ sinking iund, Construction accou American Telegraph Company (of Michigan) stock purcbased Southern and Auiantic Telegraph Company stock purchased... Sundry other telegraph stock purchased Sex Western Un urrency bonds ot 1900 purchased and can- celled, + 12,556 25—794,808 3 There remained a surplus January 1, 1877, of... se $249,395 09 Tho net profits for the current quarter end- ing March 31, inst., based upon official returns for January, nearly complete re- turns for February, and estimating tho business for March, will bo about Add surplus January 1, asabove.. 157,613 43. 249,395 09 $1,007,008 52 To From wht One quarter’s bonued debt Ope quarier’s proportion ot sinking fund,,......+-+.+.+- 20,000 00 Southern and Atiautic Tele- graph stock purchased...... 10,000 00— 142,500 00 $864,508 52 507,175 00 e on seseseee oe $112,600 00 pproy interest Leaves a balance of...... A dividend of 1g per cont on th stock outstanding requires... Deducting which leaves a surplus of.,... $357,333 52 In view of tho preceding the commitice recom- mended the adoption by the Board of the followin; Resolved, That a dvidend of one aud one-half per cent from the net earnings of the three months ending March 31 be and iviereby declared payable on the 14th day of April 3 On next, to stockhulders uf record at the close of busin the 20th duy ot March inst, Resolved, jor the purpose of sucl the company be cioed at th mof the 20th March inst., and be the morning of the 16th of April next, GENERAL REVIEW OF THY YEAR, The official reports tor tho last 51x months of 1876, haying been made up since the last meeting of the Board, it 1s now practicable to make a comparison of the business of tbe calendur year 1876 with that of 1875, which 16 as lollows: ——Calendar Year Ended —— Dec. 31, 1876. Dec. 31, 1876, +++ $9,821, 749 36 $10,048,997 91 6,602,958 85 G,6L1,047 47 Profits, .........4++83,218,795 48 3,437,050 44 Increase of profits in 187+ over 1875...... “218,254 96 ‘The net protits for the calendar year ended Decem- ber 31, 1876, $5,437,059 44, wore appropriated during tho year as loliows Paid balunce of cost ot new | building und.of construction carried over from previous YOAL eevee rsersessceee + $549,387 93 For three quarterly dividends of 14 per cent cach, payable July 15, Uctover 16,1876, and danuary 16, 18.7, +1,521,193 50 | For interest on bonded debt... 494,018 43 | For sinking tund appropria- | tions... + 80,000 09 ()) For ce we + 822,564 82 lines. « (2) For purcha: ny | “and Atantic Telegraph stock 187,978 50 | (3) For purchase of American id, the clock on ‘opened on Receipts, Expense: Telegraph Company (ot Michigan) Stock,........... 86,785 50 (4) For purchase of sundry other telegraph stocks, pat- ents, real esiate, &c.. + 25,726 67 Leaving a surplus December 31, 1876, of Assuming that the new tines construct chased auring the year are worth what wat them, and adding thereto the sums paid tor ti ares of companics leased to the Western Union (1, 2, 3 and 4), ali ofwhich purchases have been made on a basis which yields not less than ten per cent per annum in any case, it will be seen that the actual surplus at the close of the year is $822,450 58. As inquiries aro occasionally made concerning the obligations of the company im respect to its leased Innes it seems proper to state, in this connection, that the gross amount payable annually under such leas: upon the outstanding stock pot owned vy the Western @Wohion of the companies leased is about $185,000. As these payments are made in small sums ata time and during almost every month im the yeur the amounte are charged directly to profit and loss at the time of payment, and are included in the expense account of each month. The revenue of the compaay from other sources than regular telegraph business, such as money, trans- fers, dividends, &c., amounts to more than the annual payments tor rent of leased lines. ‘The growth of the company’s property and business during the year is shown by the following comparative extibit of the miles o: @ and wire and the number of offices on the first days of January, 1876 and 1877, and the pumber of messages sent in 1875 and 1876:— Jan 1, 1876, Jan. 1, 1877. Increase, Miles of line, 73,317 77,002 8,775 Milos of wire. . 182, 191, 9.847 Number ot offices, 6, 5 493, Total number of messages sent in 1875, 17,966,479; numbor seat in 1876, 10,446,697. Increase, 1,480,218, ° The report states that there has been expended during the year for vew instruments and apparatus, and Jor the furniture and fiwting of offices, over $200,000. Although this expenditure was all for new roperty, it says, and with entire propriety might ave beed carrie to construction account, the whole amount has been charged to profit and loss’ as current expenses, LARGE COAL SALES. THE EXTRAORDINARY SALE OF COAL BY THE PENNSYLVANIA COMPANY ACCOUNTED FOR— THE REDUCTION OF MINERS’ WAGES TO GO INTO EFFECT TO-DAY, The announcements that tho Pennsylvania Coal Com- pany would sell 225,000 tons of Pittston coal on the 20th inst, and that the Delaware, Lackawanna and Western would seil at public auction 100,000 tons on tho fame day, caused to be circulated, during the past tew days, rumors to the effect that a new combination of the chief coal corporations bad been formed. The truth of the matter 1s that these auction sales havo been held at reguiar intervals since the old combina+ | Non expired, avd that thero 1s nothing new in the character of the sales which are advertised to take place on the date above mentioned except the unusu- | ally large amount which will ve offered. The Pounsyle | vaoia Company wili sli 80,000 tons of stove, 40,000 tons Jump, 35,000 tons grate, ‘80,000 tous ogy, '20,000 tons steamer and 20,000 tons chestnut, The Delaware, Lackawanna and Western has advertised no sale, bub Jt 48 vot improbable that it will hold one, ‘ Whon questioned on the subject yesterday Mr. Mead, the President of the Pennsyivania stated that the offering of tbe extraordinary q ts accounted for in the fact that this suie wil | deliveries to take place in two months, April ai 4 instead of one month, a8 has heretofore been the rule. He saii be was unaware toat any excitement bad beeo croated by the announcement that the Jarge sule was to be held, buthe thought it had been given Iife to by persons interested in stocks, and that realiy there was no ground whatever fur it, Mr. Mead said that he saw no immediate prospect of tho formation of a com- bination of sevoral companies, altuough three weeks ago appearances indicated that oue would be up within a week from that time, That attempt had since been abandoned, The writer asked Mr, Mead the object of his com- pany in making the auction sales, and was told that the company’s purpose Was to retain its customers and to ascertain the demand of the market. The Pennsyl- ania Compauy was simply a coal company, and trans- ted its business as such in on independent manner, as any mercantile house would. It had no desire or intention of waging war against any othor company. Mr, Mead said it Was iinpossible to predict with any certainty What pr es would be brought at the gale of next Tuesday, He thought that $3 wou.d be about the | average, Tho w 6 last year at $his time was about | $4.80, He had known of gates when the vi | overreached tho sums that had been expected, | He judged that the price must — ulumaiely | go up, but could not limit the time within which the | rise would occur, He considered that all companies which possessed the faciliies for storing what they mized could do no better business than mine at the | Present time. Private dealers or co small capital could not long stand the now ruling Prices, The re tion of mi ‘wages, which will go into Mfect to-day, was decided om in order to give all the | men fulltime work. Mr. Mead bad heard of no com- plaints from the miners on the lessening of their pay, and did not expect to it all could be employed on tull time. Neither President Sloan, of the Delaware, Lacka- wanna and Western, nor President, Dickson, of the Delaware and Hudson, admitted the existence of any coal combination, TRANSSHIPMENT OF FREIGHT, FURTHER HEARING BEFORE THE DOCK COMMIB- SIONERS ON THE APPLICATION OF THE WHITE STAR STEAMSHIP LINE—LETTER FROM RE- CEIVER JEWETT, OF THE ERIE ROAD. Asecond hearing in regard to the application of the White Star steamship line for the privilege ot laying rail tracks on their docks so as to connect with the freight cars of the Central and Hudson River railroads ‘was given yesterday ufternoon before the Commission- ers of the Department of Public Docks, President Wales in the chair, Colonel H, G, Stebbins appeared for the Ene remonstranis, Chauncey M. Depew ana Mr. ‘Toucey for the Central and Hudson roads, and Mr, Corlis for the White Star Steamship Company. Mr. H. J, Jewett, receiver of the Erie Railway, contrary to ex- pectations, was not present, MR. RECKIVER JEWETT'S LETTER, Un the opening of the proceedings upon the applica- tion Colonel! Stebbins addressed the Board briefly and submitted a letter on behalf of the remonstrants {rom Receiver Jowett, of the E: YresipEnt's Urrice, Enix Railway Company, New Yous, March 14, 1877. i To tue Honoras.x tHe Dock Commissioners OF THK CITY had before you some days White star Line Steamship rail tracks upon their Jompany may come to receipt and delivery of freight, it jections interposed by the Erie were simply because it was opposed to any increased facilities being extended to the xew York Central Company. I desire most emphatically to revel any such intimation, “That it isthe daty of the authorities ot the city of New York, and of its mercantile interests, ao tar iy consistent protection of those inte: te sportation lines: tributary to the business of New York reased incilities L fully appreciate; and, without rogari to who ix to be beno- fited by such increased tueitit fully recognize the pro priety of the exercise of nll stich power In py but they should never bi cised in favor ol t to the detriment of others, especially when those to be injured are much larger avd more important than those to be benefited, That the New York Central Company contributes largely to the mercantile interests of Ni ork, und that every facility consistent with the int of others should be extended to it f plicution and je White t wi Railway Compa entirely to to to wing in conflict with other interes propriety or object u teed volve itn that the granting of thi i xranted at front, it becomes « qu point points along the river and vital importance to the imterests which charge, and makes it Incumbent upon me not only to 1 have in ro. teat, but to present for your consideration such objections as shiguont themselves to my mind, Alt ouch the trafic of ‘ew York Gentenl Company is ivis very smalt when compared with thas to and {rom ty by water aud by rail which must reach the city by crossing the North iver. The brie Gomoany alone, in yeurs past and now in xeneral traffic, brings to and takex irom New York tonnage tully equal in amount to that transported by York Central Kailrond, Until within the last two yeurs, when the competition between thut compary and the canal became xo active that it (without incrowsing the trailic of New York) diverted from the canal a large amount of grain, the Kyle Com- puny, for n series of yours, in all classox of trafic, hax con- tribated to the commercial interests of New York as largely us the former company, and, therefore. 18 not onl: (ftieu'to full protection, but to an equal. cronse of tacili- ties, It such ean he extenced to auy company. Tn the present condition of the docks on the riversit would be Impossible for the rie Company or any railroad company approaching the city from tho west side of the river to use a rallroad track on West street, Although tho Krie Railway, with others on the west side of the river, terminate in sersey. City, thelr practioal vermint are at West street, they delivering and receiving their trafic ut their docks along that street. Kven in the preset condition of the street they aro embarrassed, derayed, and their ex- penses largely Inerensod. They coniribute to tho revenues of the city ney tof rentuls, taxes, Anas ments, &c, To to be occupied by stoam would add to their embarraxsments, delays and would very much diminish even'the limited igs’ wich they uow enjoy. The business upon the street now is such that at tintes the jeading to and from the docks ure so crowded with because of thelr inab o the etreet to block them up. tor some distance, * tion simply. between the railroad companies, ider the law providing for crossings such au applica tion Was mauve to any court in the State it would nut be permitted, unioss the company sexing the priviiexe would thow it to be almont totally impossible to exorcise the privi- leges exier by the law in any other direction, payment of ample compensation for the injury done. WEST STREET BY NIGHT, In this case the application is not based upon any neces- sity involved in the law authoring the construction of wuy the roads, Equal privileges with all ochers can be en joyed without it, is simply whether or not your commission, in the exercise of reaswn- able and just’ aixeretion, and without providing for compensation for dumage done, shall, at the expense of ail other interests, extend the remarkuble privi- love to one. It is suid, however, that you de not propose permitting the use of this street by cars and by steam ducing the working h fthe day. The experience of the past shows conclusively that nowever mute the exer- cise of & right may be limited within certain hours, when ‘once granted the limitation very soon ceases to have any bind- ing effect. But oven shouid it be observed the detriment to the pubic and to the railroad interests, tributary to New York approacaing it from the west side of tue river, cun be estimated to some extent ii the Board will turn its attention to the investigation of some o! the facts, ‘The approucion to tne city by terry are imitea xtent and in number, ‘They must alt be reached by crossing Went street. The lowest number of passenger trains coming to und leaving w York between t M, d average of sixt Daggage to and from thexo train pM. and ars and street The Any deiny because involve delay to passen- » the trams, a failure to make th fay and the danger to lie and property y persons crossing the street in the night tine cks liable to be interrupted at any moment by the hievement of cars and engines, dammy or otherwise, is too Krent, and wught not tobe permitted, unless the reasons therefor are so great as to render it wimoust absolutely ne- cussury. ‘Tne number of vehie hours of »1 the ferries betwoen ing to the city milk and other p nurkets, averuges during the Ww: al n hundred; wna auring th at dow! le that umber nightly. To permit the street to be occupied. these hours by the movement of trun: steam pow number oi vehicies 1! of enrs, eliher by would render the passage of this st impracticable, tent with the presentation of the cane as made xt jeoting; but L submit to you tne facts herein hoping that. you will vive the subject matter of the ties suggested careful examination and consideration before you grant the applicntion row pending betore you. Very respectfully, ed. SEWET I, Receiver Erle Railway Company. HON, JOUN M'KEON TO BE HEARD. After the above communication had been read Coun-» sellor Wynne stated that he desired to inform the Board that the Hon, John McKeon had been selected by property holders in interest to appear before the Board in the case now before them, and as be was pre- vented by previous engagements from being present to-duy, asked for a postponement of the beuring until Saturday next. DEPEW oProsEs, Hon. Chauncey M. Depew, on bi cants, objected to delay. He said fully discussed at the Jast meeting, and Mr. Jewou's Jetier threw no new light upoa it, There was nothing in the letter that had not been aiready answered. The widest publicity hud been given to tho matier through the press, and he could not see the necessity lor turther delay. But it delay was granted he hoped everybody interested would be cited to appear. He knew tue tactics of the Erio Company, for he had been there himselt, (Laughter. ) Some playtul personal remarks ensued between the counsel and members of the Bourd, ‘A Mr, Richardson favored tho granting of the appli- cation, and hoped that every pier in the cily Would be pinced in a condition 80 that tracks couid be laid Jor the purpose of facilitating the transshipment’ of ircight, and thereby assist in promoting the commer- cial prosperity of the city, a Prosident Wales sated that it was the desire of th Board to give as wide a scope as possible to the arg ments on the subject, and in acquiescing to the request ot Mr, McKeou for a posiponom he would set down the SPaleatin for a final hearing on Saturday next, at two P, M. If of the appli- jubject was very CHEAP TRANSPORTATION. The regular monthly meeting of the directors of the Cheap Transportation Association was held yosterday afternoon, President Concklin in the chair. ghe Com- mittee on Terminal Facilities reported favorably upon anew method of handling grain at this port, the in- vention of Mr,’ Jamos Moore, The same committee reported progress upon the proposed use of the Beit Railroad for freight transportation, ‘The Committee on Claims and Grievances reported that they had been unable to decide what action to Jake upon the tari! of the railroad compant matter of freight, owing to the rapidity of the ju the rates, The committee, however, think that *uni- form rates between the West and the seavoard cities, without distinction between so-called ‘local’ und ‘con petitive’ business, and the avolition of the special coastwise and ‘drawback’ system, are essential to an | equitable and enduring tariff basia,’” Messrs. Miller, Honry and Waters were appointed a committee to confer with a like committee of the Board of Trade, regarding tho proposition to unite the two bodies. General McConanghy gave the meeting an idea of the progress made in the matter of the projected People’s Freight Railroad from New York to Chicago and St Louis, The aid of the association red, JUSTICE SMITH ARRAIGNED. To t1® Epiron or THe Herat In your paper of Thursday last you report the lan- guago and action of Justice Smith as to a complaint by mo against my wite and her sister. My wife has my five children and such household goods as I possess, I went to seo my childron, as they are not allowed.to come to me, and was assaulted as complained of, I can’t fight women, nor can I pei mit woman to deny my. children tom I went to court for redress, and you have roported the result. A complaint setting forth a most outrageous assault and battery, and not denied, was dismissed un- heard. Your paper is interested in police outrages, 1 hupe you will interest yourself in this outra; a police Justice and notice what is yet to follow. As to Justice and the parties originally complained of, all concorned justice, no more, CG. BURLING, No. 38 Park row, room 16, “SOUTHERN BONDHOLDERS. — The committee of bondholders appointed to confer with the members of fhe Tennessee Legislature bave made their report, They siate than an arrangement 18 to be made whereby the cntire debt is to be refunded ‘the rate of sixty cente on the doliar. The debt, to- gether with the accrued interest und tho interest due on July 2, 1877, 18 to be rejunded, and new bends are to be issued, E holder of a one thousand dollar bond is to receive a bond for $600, and corresponding ‘amounts in proportion, The interest (six per cent) 18 to be made payable sem1-anuually in New York. Tho first tis to be je on the 1st cf January, nuire boa: 8 to be payablo in New York thirty years hence, The aggregate amount of the In- tedness, it 18 computed, will amount to $25,000,000, The following circular explains the matter more in detaii:— To THe HONORABLE THE GuNERAL ASSEMBLY pF THE STATE oF TENN 8K GeyTLKaKy— ready beon advised of a public meeting of irien uthern states heid in tho cit ‘York on the 20th day of January, ultimo, of whic William Callen Hryant was chairman, having for é An effort to bring about, through the interven- a committee of disinterested arbiters, between the dubts of in the pay- the interest upon tieir obligations.” and that the i i dt ty consticuce such committee and with the authorities of each of d with their creditors, and after bearing upon the matter to devise pian for the readjustment of tbe 0 upon 4 basis which should be fair and Just to and considerate of wil parties concerned.” Tn-fesponse to a communication from the of the Hon, Chairman of ‘and in no: Lela ture of pleased to appolut @ delegation, to with us on the subject, consisting of the following gentiemen, vin. :— JOUN' He SAVAGE, — W, B. TRAVI GW. MARTIN, LEWIS SHEPHERD, JESSE ARLEAGE, Alter « prolonged dixctssion with your committee, when all the circumstances under which the debt was incurred, the peculixr condition of affairs in the State, together with it sont ability and its furure Lemspere mirtcys most fully dersizned have con adding all the arrearg of in- p to gly 1, 1877, the tate debt should be tead- atthe rate of sixty (G0) per ; for every sum of one thou. w bonds should be given six hundred ($600) dol- jount: mounts, ‘The new bond to boar interest at the rate of six por cont per unnum trom Ist July, 1877, payable semi-annually in the city of New York, the first payment of interest to be made on the Ist of January, 1878, and the principal to be made payable also in New York, in thirty years trom date, The interest coupons to be recelved by tho Stite for ail tnxex due to it. ‘This compromise the undersigned mistances and necessities of ry ‘d caretully considered, the w deliberate conclu: terest and th consider, under all the the case, to be just and ci fuir both to debtor and to cre To incliitate and promote the proposed exchange, which At bs ase the creditors will generally accept, this com- mittee recommend that » now and uniform tsue of cou. Ben, pende of the raquired amount: in denominations of 1,000, 8500 and hte for convenient exchange, be pre- pared, ready for delivery from time to time ws wanted, in the city of New York, wud that they be there held, wi d to the countersi«n of an agent appointed un- hi the approval of the supervision, if so desired, wi rot the stute. ‘The new bon if preferred, elled and tn the Treasurer of mee. ; In. the conclusion to which this committee have, with much deliberation, wrrived they have not lost sight Of the fact that « sovereign State, althoagh beyond the reach of Jogal coercion in the tulfilment of ity oblizations, is for that TY reuson under stronger bonds to maintain its eredit in- violate, Nor buve they been unmindtul of the honorable character and unblemfshod credit which the gront State of Teunossee has always enjoyed in the markets of the world, of her reputation to large resources, nor of the humbiation compromise whatever of her loxul considerations have been duly weizhe duced thix committee to careiully inguire whether it wax them to recommend, instead of so urge ® principal of the debt, a concession tor w few years in the rate of interest ax proposed 1 a plan sub- mitted to the Governor by holders of a large umount of bonds, in the beliet which is generally entertained amo the creditors that a gradual recovery of woulth woula erne to the Stare and ble her at an eariy day to payment in full. ‘This mode of adjustment would be ously more geatitying to State pride, ani would aisy afford greater present redef, and it would’ certainly be more ac- cepable tu the majority of bondholders ut alter attentively considering tho statements of your Aolegation respecting tho sad results of tho war, the social dersigement and generat impoverishment it hus entaied and the wide spread divorganization existing in all the in- dastries of the people throughout the State, we have bean constrained to the decision that ® summary redu tion of the debt, even to the largo extent indicated, is the best course fur all parties concer id that, unless the Legislature shail now see 6 favoruble to the bondholders, it ii to adopt the award which this committee must respecttuliy und con scientiously tender to them and to their creditors as the re- suit of their best judyino nites regard it as most important and just to itors of the state that the bonds ixsued ander the proposed adjustment shall be uniform in terms and con- ditions of payment and im their general appearance; and they also express the conviction that the Site will be able At au enrly day to provide wtund, however small, in excess Of the interest tobe used for th ishment of the debt. This, with the constitutional prohibit n which they aro informed is now existing, that "no debt can be in- curred by the state for the croation or in ald of any public improv. ut.’ will give wags ing value to the now ‘aud 60 far tend to mitigate the Loss which the credit- eur, consideration. that the decision of this momentous question by a State so distingnisied in character and po- sition as Fennessee will exert unbounded intluence upon the other States, xives immexsurable responsibility boul to this award nnd to its adoption. — Yot the committee confl- dently present it with tho belief that while it is best for ber creditors it is also best for the State and that it will remove the grentest obstacle that now stands in the way of prosperity of she whote nation And they have the honor to be. yeatlomnen, your obedient strvants, GEORGE 8. ‘CO: J.D. VERMILYE, BB. SHERMA ‘B, B. COMEGYS ENOOH Pita Committee, the. ol edintely ret d they have in- ‘adual extin DEBT OF MONTGOMERY CITY, ALA, Hon, Walter L. Bragg. one of the commissioners to examine into and report upon the public debt of Mont- gomery, Ala., who 18 in town, statod to a Hunan reporter yesterday that the bonded debt of the city of Montgomery amounts to aboat $750,000, with a float. ing debt of $250,000, The railroad debt, he says, is $500,000, upon which there is unpaid interest of $100,000 for the South and North Alavama Railroad Company. Nearly all of these raiiroad bonds, he states, are held in this city and its vicinity. ‘wero issued in the interest of the above railroad com- pany Mr. Bragg says that the real property of Mout- gomery wus assessed at $7,000,000 aud the personal property at $4,000,000, and that st the present tine the real property 18 assessed at $4,000,000 and the per- sonal property at about $2,000,000, ‘. FIREMEN COMPLIMENTED, Several transfers were nade at a meeting of the Fire Department yesterday, and honorable mention was made of the firemen who took part in rescuing the inmatesof the tenoment house at No. 24 Ludlow street. Chief Eli Bates forwarded a communication stating that he had investigated the causes of the fire and the circumstences attending it, and he fancied that equal honor was due the members of No. 6 Hook and Lauder Company and those of Chemical Eagino No. 6 and Eugino No. 17. Special mention was made of the following tiremen:--Agsristant Foreman Lally, who carried out Abrabam and Davia Levine; Timothy | Dwyer, who rescued Louis Frank, and Thomas Ahearn, W. W. Guy, Patrick Foley and John Cavavagh, each of whom saved one of inore lives George Murphy, Hook aud Ladder Company No. 9 was alko com- mended for his bravery, , Selita MARRIAGES AND DEATHS, MARRIED, BAGLE: orry.—Tuesday, March 13, 1877, at Beth- lohom, N, Y., vy the Rov, David Herron, Joux A. Bag. Ley, of New York city, to Kate C., second daughter of Allen Corey, of West Troy, N, Y. Guest—Mickexs.—At Central Baptist Church, March 13 1887 (the twenty-first anniversary of the marriage of the groom's parents), by Rov. J. D. Here, assisted by Rey, J. D. Wilson, Isaac B, Gugst, Jr, to Louise F., youngest daughter of William Mickens, Bsq., all of this et Havinas March 13, 1877, J.D. Herr, GuorGe HavitaNd to Dona, eldest daughter of Willam Sickens, Esq, all of this city, DIED. f Apams.—On Tuesday, March 18, 1877, MARY A., wito of William Adams and’ daughter ot P. Carroll, aged 34 Mickexs.—At Central Baptist Church, by Key. J, D. Wilson, assisied by Rev. years and 6 months. Rolatives ani iriends of the family are respecttuliy invited attend the funeral, at her late residence, 229 Broome st., on Thursday, 15th mst., at one o'clock. ALLEN. on Wednesday, Murch 14, Witt« aM A a native of Fermoy, county Vork, ireland, aged 41 years, Funerat trom his Inte residence, $18 2d av., on Fri- ony, 16th inst, at one o'clock P, M. BAILEY. —At Quincy, Fla, March 9, AAKONT, Batny, tee 26, son of George F, and Sarah A. Builey, of Dan- ury, Kojatives and friends aro respectfully invited to ae tend the funeral, on ‘thursday, March 15, at ono e’ciock P. M.,at the residence of his wite’s father, Benjamin Lynes, No. 8 East 46th st, Remains to bo taken to Greenwood. Brsson.—At Weston (Conn.) Military Instiwute, 12th inst, Cartes V., only son of Samuel A. and Eliza A, Besson, tn his 16th you Funeral services wt bis fathor’s residence, 183 Clerk st., Jersey City Heights, March 15, at half-past eleven A.M. Newark and New York Railroad (to Bergen Av. siation), loot Liverty st, half-past nine, ton and half-past ten A. M. Interment at East Chester, N. Y. Borte,—In Brooklyn, March 14, 1877, Mrs, BripaEt Boys, relict of Edward Boyles, in the ih year of hor age. Relatives and friends aro respectfully Invited to at- tend the funeral, from the residence of her grandson, Joun D, Arguimbau, No, 50 Strong place, on Friday morning, at nine o’clock ; thence to St, James’ Catho- dral, Jay et., at ten o'clock. atersou (N. J.) papers please copy. Buices.—Ou suoday, March 11, 1877, Grorox F, Briaas, in bis 62d year, Relatives aod friends are respectfully invited to attend the funeral, on Thursday, March 15, at two o'clock P. M., (rom the Methodist Episcopal Church, Williamsbridge, Wesichester county, N. Y, Trains Jeave Grand Central at 12:30 and 1:30, Carriages will be tn waiting at Williamsbridge depot. Brooks. —On Tuesday, March 13, of Bright's discase, E1iza Brooks, aged 67. years. Relatives a friends pro respoctfully invited to attend the funeral, on this Thursday, at two o'clock, from tho residence of her son-in-law, J. P, Thomas, No, 160 Wost 22d at, When they | | Cemetery tor interment. cerot Wahet Canzamax.—On Wednesday, pas 14, ML, from a ing ines, Many JP, the Coand Margaret Callahan, 7 mont! Funera! on Thursday, at balf-past one P. the residence of her parents, 157 Washington ‘Canpozo.—On Tuesday, March 13, Hesey P. Car- beloved husband of Maria Cardozo, in tho his age. Reiatives aud triends of the family, also members of Adelphi Lodge, No. 23, F. and a, M., are invited to at- tend, on Friday, March 16, at ten o'clock A. M. CanLk—On Fourth day (Wednesday), Third month, 14th, Eowanp H. Carus, atter a short illness. Notice of the funeral hereafter, Coxanp —After a short iiness, at Samana, Haytl, W. L, Second month, 7 h, 1877, Henny Conanp, sop of the late William Conaid, of Lancaster county, Pa., 45th year. ecusditas-On Wednesday morning, March 14, 1877, Marrnew Cunenan, in the 71st year of his age. ‘The relatives and friends of the lamily are respect- fully invited to attend the funeral, {rom his late resi dence, 174 Cherry st., on Friday, March 16, at two . M. vy DeForest. —At Metuchen, N.J., March 12, Joux J. KF onksT, 83 yeurs of age. Pirate worvces ut tho residence of his son, this (Vharsday} afternoon, four o’elock, Train leaves New by nsyivania Railroad, at two o’clock, yor gan~-Weanesiay, 1ith, at bis residence, 108 West 12tp st., Parnick H. Hoax, aged 43 years, Notice of funeral hereafter. Fxut.—On March 14, in the 75th year of hig age, Joun Fru, Funeral from bis late residence, northeast corner 7th av. and 53d 6t,, on Friday, the 16th imst., at one o'clock. Frorankeit.—On Fronsuubt, in the 65th year of Rolatives ond triends of the famil, Adelphi Lodge, No. 23, F. and A. AM, jnvited to attend the funeral, from No, 319 bag 42d st,, on Thursday, March 16, o'clock A, M. SuuMoNs. Brethren of Adelpni Lodge, No. 23, F. and A.M. are hereby summoned to attend the funeral of our late worthy brother, Meyer Florsheim, from his Inte eters oy ae ie 9N pe SL, on Thursday, March at nine A, M. By order a CHAS. H. MAYER, Master. M. J. Benvert, Secretary. Fiyxx,—On March 13, Joexpa L Fuvsn, only child of Mary A. and J, P.-Flynn, Funeral will take place on Thursday, March 15, at one o'clock, from tho residence of ‘nis parents, 231 West 33d st, 1 Ganpeyx.—On Tuesday evening, Paving Cartotra Hewxna, infunt daugoter of Dauicl K, and Jennie R. Garden, aged 8 mouths and 2 weeks, Galifornia papers please copy. Grapy.—On Wednesday, March 14, at the residence of her son-in-law, 'heudore Weed, 55 Wost 132d 8t., in the 65th year of her ago, Many Az, widow of Francia J. Grady. Notico of funeral hereaiter, | - Hvucnes.—On Wednesday, March 14, attér a short illness, ANNTE I., wife of th@laie Daniel Hughes, native of the parsh of Killoe, county Longtord, {reland, in the 35th year of her age. Relatives and friends of the family are respectfully invited to attend the funeral, from ber late residence, No, 82 Amity st, Brooklyn, on Friday, March 16, at two P, M. Kxeunt.—-On Monday, March 12, 1877, at Ridgefield, Conn., Rerus Keener, aged 77. é Luk.—On March 13, 1n the 77th year of her age, Mary Apams, widow of James Lee. the relatives and friends aro invited to attend her funeral, from her late residence, No, 28 West 1ithat., on Friday morning at ten o'clock. Lewis —On Wednesday, March 14, of pneumonia, Witiiam Lewis, in the 74th year of his age. Nouico of the funeral hereait ; Lirtie —Ot pneumoon, W. G, Lirtie, son of Samuel Little, aged 3 months and 8 days, The relatives and iriends of the family are invited to attend the funcral, {rom the reaidenco of bis parents, Paltsade av., Jersey City, on ursday, March 16, at two o'clock P, M. Lovauran.—On Wednesday, March 14, Rov, Patrick Lovannas, istant pastor of the Church of the Epiphany, New York. ‘he office will be recited and a solemn high mass will be celebrated tor the repose of his soul in the Church of the Epiphany, on 2d ay.. near 21st st., on Friday, March 16,atien A. M. The reverend clergy and the friends of his family aro invited, Murruy.—On Woduesday, March 14, Mary, the be. loved wite of Jonny Murvity, and daughter of Bernard and Ann McNerney, of the parish of Kilgepbin, county Roscommon, Iretand. Relatives and iriends of the families are respecttully invited to attend the funeral, from her late residence, ot Cagroll st., South Brookiyn, ov Friday, March 16, at two o’clock P, M. McKrxivy.—On Wednesday, March 14, Danten McKiyiey, in the 54th year of his age, Relatives and friends ot the family aro respectfully invited to attend the funeral, on Friday, Maron 16, at two o’clock, from his late residence, 317 West 20th st. Netsox.—At Harlem, March 14, 1877, Carrie oungest Gedy of John and Maria L, Nelson, in thi Sth yeur ot her age. Reiatives and friends of the family aro invited to at- tend the tuveral, from Holy Trinity Courgh, Harlem, on Friday, March 16, 1877, at two P. M. Newmax.—In Brooklyn, on Wednugday, March 14, Jou W., son of Thomas and Mary A. Newman, in the 34th year of, his age, Relatives and triends are respectfully invited to at- tend the funeral, on Saturcay, March 17, at ten o'clock A. M., trom St. Vincent de Paul s Church, North 6th, between 4th and oth sts., Brooklyn, E. D., where a requiem mass wili be cclebrated, Niexinsox.—March 13, at the residence of her daughter, Mrs C, Petors, Mary Ayn TALBOT NICKINSON, widow of the late John Nickiuson, in the 71st year of her age. ‘The funeral will take place trom St. Lawrence Church, 84th st, between 4th and Madison avs., on Friday morning, where high mass will be offered at ten o'clock. Limerick and Canadian papers please copy. OGca.—On Wednesday, March 14, 1877, Joux Oca, 4 native of Seoiland, aged 57. Funeral on Friday, at two o'clock P. M. Edinburgh papers please copy. Otraax.—In Jersey City, on Monday, March 12, af- ter a lingering tlness, MaaGrie H., eldest daughter of Jobnu B. and M, A. Oltman, and nddaughtor of Will- jatn Harney, Esq., aged 18’ years. Reiatives friends are invited to attend the fu- peral, on Thursday, March 15, at two o'clock, from the residence of her parents, No 137 Mercer st., near Varick st., Jersey City. O'NeiLy.—Suddenly. at 113 East 12th at., on Tacs day, March 13, Joun O’NxiL., a native of Ballyshan. non, county Donegal, Ireland, A solemn requiem mass will be offered for the re. pose of bis soul, in St. Anne’s Roman Catholie church, East 12th st, at nine o’clock A. M., Thursday, March 15; from thence remains will be conveyed to Calvary Relatives and friends are in- vited to attend. \ Jrish papers please copy. Prya.—In this city, March 12, 1877, of pneumonia, Mrs. H. A. Diaz Pex, of Calitorma, Funeral from No, 219 6th si,, at two o’clock, Tburs- day, March 15, To be buried 1n Greenwood Cemetery. Pickarp.—On March M4, 252 Stu Mark’s av., Brooklyn, Patrick PickaRrp, aged 20 years, Funeral will take place on Friday, 16th inst., at two P. M., for interment at the Cemetery of the Holy Cross, Flatbush. Dublin papers please copy. Post.—Suddeniy, Tuesday, March 13, Harriet Brxrs, wile of Dr, Alfred C, Post, Relatives and friends of the family are invited ta attend the funeral, from her late residence, N Madison av., on Friday, 16th inst,, at halt- M. Interment at Woodlawn Comevery. Pronst,—On Weanesday, 14th inst., at balf-past olever A. M., the beloved child of rd d Fredericke Probst, aged 2 years, 4 monthe and 10 days, Funeral service on Friday, March 16, at two o’clock . M., from No, 71 South 8th st., Brooklyn, E. D. Rapesivy.—On Tuesday, March 13, 1877, ALereD Hiram, ouly child of Andrew N. and Mary Radcliff, aged 3 years, 9 months and 8 days. Relatives und friends are respectfully invited to attend the feneral, from 618 6th av., to-day (Thursday), at cleven o'clock A. M. Interment at Greenwood. Kingston (N. Y.) papers plense copy. Ro.ixs.—March 13, Joun Roi.ixs, aged 76. The tuneral will take piace from biqlaté residence 236 West 27th st., Thursday, March 15, at ono o’ctock, SMaui.—Mondsy, March 12, Saran A., wite of Charles Small and daughter of the late John H. Minuse, Relatives and fiends are invited to attend the fa neral, from her late residence, 259 South 3d st, Brooklyn, KE. D., to-day (Thursday), at eleven o'clock, Interment at Greenwood, saitn.—On Wednesday, 14th inst, ANNE Swirn, of Terence Smith. Funeral will leave from 114 East 88th st., Friday, at one o’viock, Relativ nd friends are respectfully tn- vited to attend, Suitu.—On Wednesday, March 14, Jouw Sartn, aged 62 years. Relatives and friends are requested to attend the faneral, from the residence of his a ata) corner of Monmouth and 3d sts, Jersey City, N. J., on Friday, March 16, at two P. M. STRVENSON.—At Chico, Cal., March 13, Wrustam D., son oi Dr, W. and Ellen L, Stevenson, of Morris. town, N. J., aged 21. finmeERMaNN.—On Tuesday evening, March 13, Meta Timmenmany, wile of Nicholas Timmermann, aged 5¢ years, The friends of tho family aro respectfully invited ta attend hig tuneral, from her late residence, 201 West 16th st, on thursday, March 15, at one o'clock P. M. Van Zaxvt.—Oa Sunday, 18th February, 1877, in Paris, France, Tnomas VAN Zanprt, last surviving soo of Wynant Van Zandt, of Little Neck, Long Island, in the 84th year of his age, His remains haye been interred in tho family vault, Trinity Church, New York. Veitcu.—On Tuesday morning, March 13, Davip “Veiren, in the 75th year ot his age, ‘Tho relatives and friends of tho fainily are invited to attend his funeral, on Friday, the 16th Inst, at eleven A. M., from his late residence, Sackman at, near Ful- ton av., East New York. Voounis.—At West ‘Brighton, S, I, on Tuesday* March 18, of pneumonia, Tiowas ©. Voormts, formerly bal wy pa n—m |. O. ov O. F.—The members of Hancock Lodge, No. 49," aro invited to attend the funeral ot their. Inte brother. Thomas G, Voorhis, at the Ascension Church, Ti eevea oth 8 ig 2 and, on Thursday, 16th tnat, a ocloc oat leaves White! 5 Dey at, at 10 A, i Whitehall at 9:15 an ALi. —On Wednesday, March 14, 1577, Emma M. J. Youngest daughter of Stephen H. ‘aud meline Wall, in her 21st year, Warp.—At No. 4 Kast 86th st,, March 12 Tia, ARGYLE, son of Robert and Mary 8. ter and § months, funeral at the house, bn Thursday, at twelve o'clock, big ibd fea be are dis witout lurther novos B On onda March 12 8 Wieanry, aged 45 yews, Sinonths, bits isd ah Relatives and triends are invited to attend the funeral, trom nis late residence, No, 246 East 23d sh, ou this Thursday, 16th, at half-past one P. Mf. ‘Tuesday morning, March 13, Mxrxp his age. and members of are respectfuily late residence, it nine of diphtho- ard, aged 3 Witsox.—At St, Vincent's Hospital, of furans Wace ieeke pital, of consumption, +f ; ~~