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His Gigantic Railroad Trust
A Gould - Vanderbilt - Standard
The Control of the Northern Pacific
Wrested From Villard.
All the Transcontinental Roads in the
Combine, and All But Two East
Associated Press Dispatches.
Chicago, Nov. 21. —The Tribune says:
"There can no longer be any doubt that
the control of the Northern Pacific Rail
way has been wrested from Henry Vil
lard and those associated with him. All
reports agree that a combination consist
ing of the Vanderbilts, Jay Gould,
Drexel, Morgan & Co., and John and
William Rockefeller, of the Standua lOil
company, have secured control of the
road. It is believed the Standard Oil
has fastened on the Baltimore and Onto,
and will soon get control of that com
pany. The Baltimore and Ohio joins the
Northern Pacific at Whiting's,where the
Standard Oil company's works are lo
cated, and the two roads jointly will
form an uninterrupted through line
from the Atlantic to the Pacific coast.
As there is but little doubt that
the Gould-Vanderbilt-Standard Oil com
bination has also secured a controlling
interest in the Pacific Mail Steamship
company, the Union Pacific, the Atchi
son .Topeka and Santa Fe and the South
ern Pacific, the fact is demonstrated
that the giant combination means to
compel all the transcontinental routes,
with the exception of the Canadian Pa
cific, to submit to its dictation. It is
now quite certain that before many
weeks this powerful combination of cap
italists will control every independent
road west of Chicago, and all the roads
east of Chicago, except the Pennsylvania
and Lackawanna, but these corporations
will be powerless against the combine.
The final consummation of Jay Gould's
great hobby, the formation of a gigantic
railroad trust to take charge of the
traffic affairs of all the roads in the
country, will probably follow.
A Monster Alliance.
New York, Nov. 2.. —It was stated
this afternoon that an alliance has been
formed between the interests represent
ed by George C. Magoun, of Kidder,
Peabody & Co., Jay Gould, C. P. Hunt
ington and the Standard Oil party, by
which all the railroads owned or con
trolled by them individually or jointly,
will be operated together practically
under Gould's direction. The alliance
includes the Southern Pacific, Union
Pacific, Missouri Pacific, Northern Pa
cific, Atchison, Wabash, Kansas and
Texas, Texas Pacific and many other
roads. It is also said that Gould is
trying to force the holders of
Rock Island either to sell their
stock around the present price, or join
hands with the other roads in the alli
ance. The Burlington and Chicago and
Alton will act with the allied roads,
whatever steps may hereafter be taken,
but there are fears that the Vanderbilts
may be angry at the loss of their traffic
contract on the Union Pacific, and may
refuse to join. If the Vanderbilts and
the roads controlled by J. Pierpoint
Morgan can be brought in, a meeting of
bankers and presidents of all the rail
roads in the country will be called, a
new association formed and an imme
diate material advance in all railroad
rates at once be ordered.
Depew Feigns Ignorance.
Chauncey Depew, president of the
New York Central, was seen tonight and
asked what tbe Vanderbilts would do
about the alliance. "Well, as I don't
know anything about this alliance, I
could not say without looking into it.
Come around again and I may tell
Gould and the Atchison.
Gould was asked, this morning, in
reference to the report that he had got
control of the Atchison, Topeka and
Santa Fe railroad. He said the report
was erroneous, although he admitted
that he owned a considerable portion of
the Atchison stock. He said the Mis
souri Pacific and Atchison had entered
into an agreement with reference to the
future business policy of the two roads.
They had agreed that neither should
build any competing roads into the ter
ritory of the other without the full un
derstanding and sanction of the other.
With reference to the rates on the
transcontinental lines, Gould expressed
confidence that the agreement between
the presidents would be renewed and
strictly maintained, within a short time.
Under the new situation nearly all the
roads favor the restoration of rates.
It only remains for the bankers to call
the presidents together.
Union Pacific Reorganization.
It. was authoritatively learned today
that a meeting of the principal stock
holders of the Union Pacific for the re
organization of the board of directors
will be held next week. It is under
stood that Charles Francis Adams will
retire and be succeeded by Sidney Dil
lon. The new board of directors will in
clude Russell Sage, Jay Gould, Alexan
der 15. Orr and Henry R.Hyde. The
new board intends to appoint some
young, active railroadjman as vice-presi
dent and general manager, whose head
quarters will be in Omaha. The per
son to be so treated is not yet deter
mined upon, but an endeavor will be
made to secure a young man of abund
ant railway experience and the highest
The Vanderbilt people admit that
Gould has got control of the Union
Pacific. One of the parties named as
director, said : The board will soon be
reorganized. John 1). Rockefeller, work
ing with Gould, brought the change
He refused to speak about the future
policy of the road in regard to the north
west traffic agreement.
Dillon to Succeed Adams.
To a reporter Gould this afternoon
said: "I know nothing as to whether
Ames has placed his resignation in the
hands of Adams. Adams and Ames
visited me yesterday. The latter ex
pressed a strong desire to be relieved
from the office of president. He sug
gested that he resign and that a meeting
of stockholders for action upon
his resignation be called for next
week. I presume if it is true that
he has tendered his resignation, a meet
ing will be held. It is likely also that
vacancies in the management will be
filled. Dillon has been mentioned as the
THE LOS ANGELES HERALD: SATURDAY MORNING, NOVEMBER 22, 1890.
successor of Adams. Should Dillon be
chosen, there will be elected along with
him a vice-president, who should also
act as general manager, with headquar
ters at Omaha."
Gould added that such a move would
make the relation of his interests and
the Union Pacific closer.
Adams Refuses to Talk.
Boston, Nov. 21.—President Adams
and Director Ames decline to say any
thing about the report of the proposed
transfer of the Union Pacific to the in
terest of Jay Gould. President Adams
said: "You can say 1 decline to be in
The Villard Freeze Out.
New York, Nov. 21.—The statement
that the Rockefeller interests and their
associates, generally known as the
Standard Gil party, had increased their
holdings of Northern Pacific preferred by
100,000 sharee, caused much discussion
in regard to Villard's interest in the
property. The exact amount of this is
difficult to estimate. None of the Rocke
fellers could be seen about the reported
President Oakes said: "I confidently
believe the Rockefellers and their asso
ciates have lately added largely to their
holdings of stocks and bonds of the
Northern Pacific company."
He stated positively that there was no
truth in the report that Villard would
retire or be forced out of the company.
Other parties identified with both in
terests say the 127,000 shares of pre
ferred stock held by the North Ameri
can company, were hypothecated to se
cure loans sold by creditors, and then
bought in by the Rockefellers. The
officers of the North American admit
that some of its securities were sold, but
decline to state how many, or what
they consisted of. There is a possibil
ity "that the Rockefellers may become
hostile to Villard. on account of the re
cent developments in the market. At
the regular monthly meeting of the
Northern Pacific yesterday, nothing was
President Oakes further said the
changes in Pacific Mail will not inter
fere with harmony in transcontinental
matters. It is not true, he said, that
the Northern Pacific has bought the
Oregon Improvement company. They
don't want it.
Chicago. Nov. 21. —The Transconti
nental association completed its labors
today, and adjourned to meet in San
Francisco January 15th. A resolution
was adopted instructing the Southern
Pacific and Texas Pacific to arrange for
an equitable division of eastbound coast
An Improved Tone in Dealings and
Prices Move Up.
Wall Street, Nov. 21. —There was a
comparatively quiet opening in stocks;
first prices were higher—advances, gen
erally '4 to 3 4 per share. Sugar refin
eries was up 7 „. The only marked
feature in the early trading was a re
newal of the weakness in Rock Island.
It opened up 5 S at but quickly
retired to 61 I>,1>, on large dealings. The
general list yielded small fractions.
When the downward movement in Rock
Island ended, there were material gains
scored all along the line. Northern Pa
cific, preferred, at 02, was l'ij higher;
Rock Island rallied to At 11 the
market was firm and active at the best
Under some buying by London the
market continued strong, and was made
more so by the announcement that the
Southern Pacific, Santa Fe, Union Pa
cific and others of the transcontinental
roads had signed an agreement to firmly
maintain rates, pay no rebates, and re
fuse to exchange traffic with roads east
oi the Missouri river, found manipulat
Pullman advanced 0, and was the
most conspicuous feature of the fore
noon. However, there were activity
and advance in Northern Pacific pre
ferred, which was up 2 5 8 to 03, before
11:30. After this came Union Pacific
and Western Union. Sugar refineries
on very light trading rose from 52!;. to
55.i. There was less animation later,
and the upward movement halted some
what, but at noon the market was ac
tive and strong at about the highest
prices of the morning.
Shortly before noon the pressure up
on Rock" Island was removed, and it
made a sharp advance, leading the en
tire list, giving the whole affair the ap
pearance of manipulation upon which
to cover shorts hi the general lists.
Stocks again reacted at noon, but
the concessions from the best prices of
the forenoon, in all cases, were for frac
tions, and the upward movement .was
resumed with increased force, with the
result of placing everything on a ma
terially higher plane. All the active
stocks showed marked strength. Lake
Shore rose 2;Rocklsland, \%
Pacific, \%. The usual reaction oc
curred toward 2 p. m., but there was no
weakness. At 2:15 the market was still
active and strong at about the highest
prices of the day.
Stocks continued active after 2:15.
Further gains were recorded, although
there was no marked movement. Prices
again receded slightly toward the close,
but sugar declined 1. The marketclosed
active and strong at about the highest
prices ot the day.
The final changes were invariably in
the direction of higher figures, the most
important being sugar refineries' 4? a ;
Jersey Central, 44- , Northern Pacific
preferred, 3 3 4 ; C. C. C. and St. L.,
?>% ; Missouri Pacific, 34 ; Union Pacific,
2%; Burlington and tiuincy and Rock
Island, each, 2\,; Northwestern, 2 per
Itarker Bros. & Co.'s Failure Not so Bad
as It Might Be.
Philadelphia, Nov. 21. —Barker Bros.
& Co.'s banking-house was open this
morning, although no business was
done. No statement of the firm's con
dition has yet been made. The Invest
ment company, oi which Wharton
Barker is one of the directors, is per
fectly solvent, it is asserted.
Wharton Barker has resigned his po
sition as president of the Finance com
pany of Pennsylvania. Vice-President
Tower has been elected in his place. It
is asserted by all concerned that the
company is certainly solvent, and in
addition, a syndicate has been formed
for the purpose of advancing it any
amount of money necessary to meet its
Runs on Savings Banks.
New York, Nov. 21. —Tho run on the
Citizens' Savings bank continued today
in full force. The directors met this
morning and decided not to take ad
vantage of the ninety days' notice rule,
but to pay depositors as far as possible.
Newark, N. J., Nov. 21.—The run on
the Howard Savings bank continued to
day, but was not as heavy as yesterday.
The Barings Firm Reorganized.
London, Nov. 21. —It is officially an
nounced that arrangements lor continu
ing the business of the Barings have
been concluded. A limited company
has been formed with a subscribed cap
ital exceeding £1,000,000. Thomas Bar
ing, M. P., becomes chairman of the
company, and devotes the whole of his
fortune to the firm's credit.
Foreign Money Marts.
London, Nov. 21.—At 12:30 d. m.
stocks were quiet and steady, with frac
tional advances in American securities.
Stocks closed strong; consols much
Bi'enos Ayres, Nov. 21.—At the close
gold w as 203 premium.
The Commercial Community Deprived
of Its Accustomed Facilities.
New York, Nov. 21.—The board of
directors of the Fourth National bank
have adopted resolutions setting forth
the facts of the present financial strin
gency, and stating that during the pres
ent month that bank has had's3,2Bs,olXl
of commercial paper fall due, all of
which has been promptly met at ma
turity, showing the merchants to
be in a prosperous condition; that
the stringency in the money market
has almost stopped the purchase of com
mercial bills, and deprived the mercan
tile community of its accustomed facil
ities, and authorizing the officers of the
hank to buy freely first-class commer
cial paper and take out, if necessary, a
liberal amount of clearing-house certifi
cates for that purpose.
A Bank Robbed.
New York, Nov. 21.—The Twenty
sixth Ward bank of Brooklyn was
robbed yesterday of (5000 by a pair of
clever thieves, who succeeded in divert
ing the cashier's attention.
The number of exhibition bathers who
hang their clothes on a hickory limb, but
ion't go near the water, is daily on the
increase, and during a walk along the
beach at Atlantic City one can readily
pick out hundreds of young girls and
even mature dames arrayed in the most
attractive and costly bathing robes who
don't even wet their dainty feet in the
surf, but prefer to gayly trip in groups
along the strand or gracefully recline on
the warm sands.
They, as a rule,wear collars and cuffs,
jaunty little caps, neat slippers, and are
invariably tight laced. They are as care
ful of details in donning this beach cos
tume as if they were dressing for a ball,
and certainly appear far more captivat
ing. These fair and frolicsome visitors
are known as exhibition bathers, but they
A new fad among this particular class
is to go carriage riding in their brief at
tire, atid it is a familiar sight on the ave
nues daily to see a bevy of pretty girls
clad in handsome surf costumes urging
along a weary beach steed, and evident
ly enjoying the diversion.—Cor. Phila
Names That Overcame a Hotel Clerk.
Among the many thousands of proper
names annually written, more or less
legibly—usually less—upon the register
of a hotel like the Grand Pacific, pretty
much every known combination of let
ters is found. Hotel clerks become
hardened, and greet Mr. Buck and Mr.
Cluck and Mr. Duck with equal affabil
ity. But Paul Gores, of the Grand Pa
cific, ran up against a combination the
other day that laid him out.
Tlie two Japanese produce and stock
exchange commissioners who are stop
ping there walked up to the desk and
asked if any one had called on them
during their brief absence. They had
registered before Gores came on duty
and he did not know them.
"Let's see; what's the name?" he asked
"Oh, go way," said one.
"Oh. no," remarked the other.
Gores was dazed until he discovered
that the gentlemen's names were Ogowa
and Ono.—Chicago Tribune.
Klectric Cars in Brooklyn.
One of the features of Brooklyn life
among people to whom the expenditure
of small sums is a matter of jealous in
terest is a trip on the new electric car
which has been put on a road that runs
to Fort Hamilton. There is an odd mix
ture of heavy browed scientific men and
picnic parties ou the car during the morn
ing runs. The scientific men talk elec
tricity until the air is blue, and the ex
cursionists eat peanuts and wonder what
makes the car go. Not infrequently
crowds of heavy financiers from New
York are to be found swooping up and
down on the car, observing its work
with beetled brows. One of the engineers,
in speaking of it the other day, said that
he had been questioned so much about
electricity that he had come to the con
clusion that very few people knew any
thing about it.—New York Sun.
Some firms in America spend annually
great sums on pictures outside cigarette
packets. One firm paid out $400,000 to
the lithographers last year for artistic
work. Another spent $450,000, while
other firms reported payments of $375,
--000, $350,000 and $5100,000 for the same
The newspapers are now trying to
find thffman who spent the most days In
rebel prisons during the late war. So
far as heard from yet Mr. E. W. Ware,
of Bangor, is ahead, he having suffered
600 days in Charleston, Columbia, Char
lotte, Raleigh, Goldsboro and Greens
One of the largest forests in the world
stands on ice. It is situated between
Ural and the Ouhotsk sea. A well was
recently dug in this region, when it was
found that at a depth of 110 meters the
ground was still frozen.'
Mary Queen of Scots' marriage con
tract with Francis II of France is to be
sold by auction shortly in London. It
is a quaint old manuscript of nine folio
How to Succeed.
Tills is the great problem oi life which few
satisfactorily solve. Some fail because of poor
health, others want of luck, but the majority
from deficient grit—want of nerve. They are
nervous, irresolute, chnngehle, easily get the
blues and "t»ke the spirits down to keep the
spirits up," thus wasting money, time, oppor
tunity and nerve force. There is nothing like
the Restorative Nervine, discovered by the
grent specialist, Dr. Miles, to cure all nervous
diseases, as headache, the blues, nervous pros
tration, sleepfcs-ness. neuralgi i, St. Vitusdancc,
fits, and hysteria. Trial bottles and line book of
testimonials free at R. W. Kills & Co.
Our Home Brew.
Philadelphia Lager, fresh from the brewery,
on draught in all the principal saloons, de
llvered promptly In bottles or kegs. Office
and Brewery, 238 Aliso street. Telephone 91.
Ebinger'B bakery and ice cream and dining
parlors, cor. Third and S. Spring sts.
Every family should use Edcalypta.
Little Legal Incidents Which Were
United States Commissioner Van
Dyke yesterday continued the examina
ion of John W. Weeks, who is accused
by J. Harry Conlan of having fraud
ulently voted in precinct 33 on the 4th
of November, in which precinct he was
not lawfully entitled to cast his ballot.
Robert F. Male, a native of England,
was yesterday admitted to citizenship
by Judge Wade in department three.
In department two Judge Clark natural
ized P. Reynier, a native of France.
Judge Cheney also naturalized Entile
Goyard of France.
In department four the case of the
c iiinty against L. B. Cohn went over un
In department two a jury gave Bing
High, a vegetable peddler, a verdict for
$150, against George B. Woodbury and
H. B. Fox. The defendants illegally
arrested Bing on the 3d of May in the
Verdugo canon, handcuffed and chained
him and carried him ofi" to Burbank,
and thence to the county jail, from
which he was not released until the sth.
In department one, ,luan Jose Reyes
in on trial on the charge of having
stolen cattle from the Laguna ranch.
The case will be concluded today.
Joseph Doll, charged with assault to
commit murder, pleaded not guilty, and
his case was transferred to department
Informations were filed by the district
attorney, charging Wong Wang and Ah
Ung with gaming. They will be ar
raigned on Monday.
W. 11. Hay, accused of the larceny of
$550 from a dago, pleaded not guilty,
yesterday, after a motion to set aside
the information had been denied, and a
demurrer overruled. The case was
transferred to department six.
The order forfeiting Charles Lawson's
bond was vacated by Judge Cheney yes
terday, and his sureties exonerated.
Lawson is in jail.
Live Stock, Buggies, Wagons, Etc.
Hlioades & Reed will sell, at their
salesyard, No. 243 South Main street,
on Saturday, November 22d, at 10 a. m.
sharp, two tine three-year-old colts, tine
breed, by Almont Jr.. half-brothers;
one tine mare, iix years old, and well
broke; one large horse, carriage and
harness ; also a number of good horses,
cows, buggies, surrey wagons, lumber
wagons, harness, etc.
Do not fail to attend, as stock must bo
sold. Ben. O. Rhoades,
H. H. Matlock,
You are invited to attend the opening
Saturday afternoon, November 22d, oi
our candy department. We will make
a specialty of fine candy for dessert
dainties, chocolate bon-bons and Cal
ifornia crystallized fruits in pretty
boxes, suitable for mailing. Our line
of confections will be extensive and of
the latest variety, furnished fresh every
morning by Bit-hop & Co. Yours re
spectfully, H. GERMAIN,
123 South Spring street, between First
Rhoades <fe Reed will sell, Saturday,
November 22d, at 10 a. m., corner Second
and Broadway, the entire contents of a
10-roopi house; bedroom suits, carpets,
one elegant marble top sideboard, chairs,
stands, dining-room furniture, etc.
F. Adam, Pioneer Tailor.
Call on him at 213 X. Spring street (up stairs)
for tlie best tits and lowest prices in tne city.
Adam does his work at home, on short notice,
and always suits his patrons.
Paints, Oils and Glass,
Corner Second and Main. P. H. Mathews.
Eccai.ypta, king of table waters.
Reliable Goods and Satisfac
Sanborn, Vail & Co.,
133 South Spring Street
May be produced by the use of Mrs. Gra
ham's Eugenic Enamel and her Pose Broom.
The complexion and color are made perfect,
and the closest scrutiny could not detect one
grain of powder or the least indication of arti
ficial color. I will stake my reputatfon that on
any face I can give the most delightful com
plexion and color with Eugenic Enamel and
Kose liloom, and that no one could possibly
tell that the complexion or color were artificial.
This li high art in cosmetics. They are each more
harmless than any other cosmetic in the world,
because they are each dissolving in their na
ture and thus does not clog the pores.
When using these superb cosmetics you may
wipe the dubt or perspiration from tlie face
without marring their delicate beauty. They
remain on all day. or until washed off.
price of each, $1; the two sent anywhere for
$2. Eor sale by alt druggists. F. VV. llraun &
Co.. wholesale agents, Los Angeles.
CONSULT YOUR INTEREST
If you wish to sell or buy Second-Hand
FUItNITIiIIE, CARPETS OK TRUNKS.
Be sure and give us a call. We have in stock
a large variety of goods too numerous to men
tion, all of which we offer cheap for cash, or
will sell on installments.
W. P. MARTIN & BRO.,
10 19-tf m 451 S. Spring St., Lock box 1921.
c Per.ect © p
A Pure Cream of Tartar Powder—
Superior to every other known.
Used in Millions of Homes— 40 Years the Standard.
Delicious Cake and Pastry, Light Flaky Biscuit, Griddle Cakes
Palatable and Wholesome.
No other baking powder does such work.
Main Street Savings Bank and Trust Co.
NO. 436 SOUTH MAIN STREET, UOS ANGELES, CAt.
INCORPORATED Oct. 28th, 1889.
CAPITAL STOCK, ------ $200,000
J. B. LANKERSHIM, Prest. F. W. DeVAN, Cashier. CHAS. FORMAN, Vice-Prest.
Chas. Forman, J. B. Lankershim, J. H. Jones, Daniel Mever, A. H. Denker, E. Cohn. Pierre
Niekolas. O. T. Johnson, G J. Grifflith, I. W, Hellman. M. Wciler, Wm. S. DeVan, I. N. Van Nnyi.
11. W. O'Melveny, J. J. Schallert, Geo. H. Pike, H. W. Stoll, Wm. G. Kerckhofi', K. E. Hewitt, Wm.
Haas, Richard Altschul, K. W. DeVan, A. Hass, L. Winter, K. Uermain, 0. Gamier, Mrs M B
Manstleld, R. B. Young, Kaspare Cohn, R. Cohn, A. W. Scholle, S. Haas, 11. Newmark, S. C Hub
bell, li. Wilson, Mrs. A. L. Lankershim.
The Design for this Institution is to Afford a Safe Depository
For the earnings of all persons who are desirous of placing their money where it will be free from
accident, and at the same time be eaining for them a fair rate of interest.
Deposits will be received in sums of from one dollur to five thousand dollars. Term deposits
in sums of fifty dollars and over.
We declare a dividend early in January and July of each year. Its amount depends on our
earnings. Five per cent, on term and from three to four on ordinary.
Remittances to all parts of the world. Letters of credit and Cheque Bank cheques issued to
Money to loan on mortgages. Bonds and dividend paying stocks bought and sold.
For further particulars, circulars, etc. address the Bank.
GERMAN-AMERICAN SAVINGS BANK,
No. 114 Soutlr Main Street, Los Angeles.
CAPITAL- STOCK, - - - $100,000
E. N. McDONALD, President. VICTOR PONET, Treasurer.
VV. M. SHELDON, Vice President. LOUIS LICIITENBERGER, Vice President.
M. N. AVERY, Secretary. P. F. SCHUMACHER, Asst. Secretary.
Deposits received in any sums over One Hollar, and interest paid thereon at the rate of Three
per cent on ordinary deposits and Five per cent on term or long time deposits.
First mortgage loans made on real estate at lowest current rates. 10-IG-Om
Citizens' Bank of Los 'Armeies,
COIJNEfi THfljD AND SPKING STS.
CAPITAL, ------ $200,000
T. 8. C. LOWE President.
T. W. BROfHERTON Vice-President.
F. D. HALL Cashier.
T. S. C. Lowe, If. L, Williams, C. F. Cronin, 1.. W. Blinn, T. W. Brotherton
Transacts a general banking business; sells exchange; discounts notes; accepts accounts
subject to check; pays interest on time deposits. Give us a call. 11-11-Cm
Jjj TELEPHONE 546.
''Wms Half-dozen Quart Cans Fresh Eastern
50<= A CAN.
441 and 443 S. Spring St., bet. 4th and sth.
Works. 571, 573 and 575 North Main Street. Telephone No. 46.'
MAIN OFFICE, UNDER LOS ANGELES NATIONAL BANK, FIRST AND SPRING STREETS.
and Lawn Tennis|Suits and Tennis Shirts Neatly Done.
IMPORTER AND DEALER IN ALL KINDS OF;
Eastern Parlor and Chamber Fiiroitiire, Carpets,
Oil Cloths, Linoleums, Window Shades, Etc.
New Nos. 887, 339 and 341 S. Spring St., Los Angeles, Cal.
NEW STORE. &- GEORGE J. BINDER. NEW GOODS.
Furniture, Rattan and Reed Goods.
CHILDREN'S CARRIAGES A SPECIALTY.
No. 223 Broadway, - - Opp. New City Hall.