The sun. [volume], August 02, 1897, Page 7, Image 7

About The sun. [volume] (New York [N.Y.]) 1833-1916

Image provided by: The New York Public Library, Astor, Lenox and Tilden Foundation

                
.'..." THE StlN, MOWAV, AlHiVltf' -18d7- " 7 ;fiH
row rAztfjr vjuv ojc ;,
TbepreetplUto adjournment irf Oeoartut) a.
mediately after pasting tho Tariff bill, without
prorldlnz (or the currency comm(ton room
mended by the President, Indicated the unwill
ingness of the House at well ai of tho Senate to
act upon the subject. For, It the Hoqie had ten
really desirous to create the commission, It
cou4 have rsfused to adjourn nntll the Senate
had voted for or against it. It evidently com
piled with the President's request only as a
mark of respect, and without nnr Intention of
pledging itself to tho scbemo ho suggested,
fordoes the President htmsolt seem to hare
been In earnest In the matter. In his message
asking for the commission ho concedes that It is
not urgently needed, and In this view his Sec
retary of the Treasury has since publicly con
curred. Ills, thus, acknowledged, both by the
Administration and by Congress, that out cur
raney system Is good enough as it Is, and that no
change lu It Is necessary,
The truth Is, that every sensible cltlsen sees
tlis folly of talking about reforming the cur
rency so long as the country remains divided
jr. opinion as to what tho basis of that currency
ahnll be. It no are to hare the single gold
standard permanently established, It Is one
thing; if we are to have sliver at tho ratio of
10 to 1, It is another; aud if. by any chance,
we should get an international ugreemont for tho
unlimited colnago of both gold and silver at a
ratio yet to bo determined, we should novo a
third contingency to deal with. The Indispensa
ble preliminary Is to know positively which of
the three things is going to happen, and nntll
e know it wo had much better do nothing.
Our currency Is all as good as gold, and tho Our
ernment guarantees to keep the whole of It so,na
tional banknotes and silver certificates Included.
In this aspect of the matter the fall that has
recently occurred In tbo value of stiver, and
which, apparently, has not yet reached Its
end, is very significant. At the beginning of
lest month silver of the British standard was
soiling in London at 27i) pence sterling per
ounce, equivalent to about 6'J cents per ounce)
Ope here. Last Wednesday it sold at UOAj pence
per ounce in London and at S7j cents per
ounce here, against 31V) pence In London and
60 cents here a year ago. It has since risen
slightly, but in all probability the fall will con
tinue, with fluctuations, until, in tho course of
the next few months, the prloe will touch 24
pence per ounce in London and a little more
than 00 cents perounce In New York. Then the
bullion value of our dollar will bo only about
40 cents, and that of tho India rupee only 10
pence sterling, making the proposed reopening
of the India mints to silver even less probable
than it is now. With those mints closed the
coined rupee bos a flat value of IS pence; with
them opened it would be worth only 10 pence,
and a financial crisis in India would result
Indeed, this decline in tbo value of silver is
probably due, not, as some have absurdly con
jectured, to the prospect of an enormous addi
tion from Alaska to tho world's stock of gold,
bat to an assurance by the British Ministry
that the mints of India will not be reopened as
It was at one time Intimated they would be.
I The tendency of an Increase In the supply of
gold Is to raise the price of sliver together with
that of other commodities, w bcrcas. If the Lon
don speculators, who have been holding back
' stiver In expectation of getting It coined Into
rupees free of chanre, have learned that they
will not bo able to do so. It is natural that they
should proceed to sell It at once and thus avoid
further loss. As was shown in this column a
Tortnlght ago. every sound anrument Is against
reopening the India mints. And the British Gov
ernment cannot fall to see it.
That silver will ever rise in value much above
Its present level is quite unlikely. Indeed. It Is
much moro likely that It will fall still lower
than It is, and that It will eventually cease to
ba reckoned among the precious metals. Since
1870 the world's total production of It has In
crease i from about 40,000,000 ounces annually
to 160.000,000 ounces annually, and shows no
signs of future decrease. The metal Is so in
timately mingled with gold, copper and load
that It It bad no value whatever it would still
'' be produced In large quantities. The gold now
coming from Alaska Is combined with a large
amount of sliver, and many copper and lead
ores are rich in it. The cost of extracting It
I from gold, silver and copper ores may, there
fore, be reckoned as nothing, while from many
exclusively sliver-bearfne ores It can be obtained
at a profit so long as It can be sold for 23
cent per ounce. On the other hand, the
world's consumption of It has not kept pace
with 1U increased supply. The supply has
quadrupled, while the consumption has scarcely
doubled. The result Is an Immense accumula
tion of it, which hongs over the market and con
stantly threatens to break down the price. The
United States Treasury alono holds 100,000,000
ounces, the Bank of Franco about 200,000,000
ounces, and the Imperial Bank of Germany 80,
000,000 ounces, all of which will some day be
offered directly or Indirectly In exchange for
gold. Besides this, there are Immense hoards of
it in Asia, buried in the ground or worn as per
sonal ornaments, which. In the advance of civil
ization, will bo turned into moro profitable
forms of property. Against these conditions It
Is vain for legislation to contend. The unwrit
ten international agreement, made every day in
the London market, cannot be abrogated by
diplomacy or by legislation.
The fall of silver from the eminence which it
has hitherto enjoyed as a monoy metal Is also In
line with the historic course of events. In tha
Roman republio copper bronse was the material
out of which coins were made, and "bronze"
and " money " were expressed by the same word.
To this day, in certain rural districts of Eng
land, also, where gold and silver coins are infre
quently seen, "brass," meaning copper coins.
is what the rustics say when they speak of
money. In the middle ages silver supplanted
copper, and the pound sterling was a pound sil
ver, as was also the French livre, now repre
sented by the franc Hence, in French, argent
means Indifferently "silver" and "money," the
word monnafe denoting only small change. In
this country, down to 1834. the coins In com
mon circulation were almost exclusively
of silver, gold coins being current only
anion? merchants. Now, in all civilized
countries, gold coin Is preferred to silver for
everything but small transactions, and for very
large ones paper in the form of bank checks to
both. For dally use paper money is also gradu
ally superseding coin, and has done so almost
completely In the eastern section of the United
States. As gold has thus driven out brass and
silver, and as paper is employed in place of both,
so sliver and brass (or copper) ages ago took the
pUce of Iron, cattle, sheep, skins, wampum, and
other commodities used as money among semi
civilized people. A similar transition will occur
In countries v hore tho currency now consists of
tea, salt, soap, cowry shells, elephants' tusks,
cattle, and human slaves.
To say that the transition from currencies of
cheaper commodities to one of gold has been ar
tificially produced by legislation, and can be re
verted by it, It to go against reason. Oold was
adorned as the exclusive standard of value and
the principal material of money by Great Britain
in 1810, by the United Slates in 1834, by Oer
many In 1872, by Japtn this year, and it soon
will be formally, as It has been In fact so adopted,
by Austria and by Ilutsla, This concurrent ac
tion must have a deeper ground than mere ca
price; it must spring from causes more efficient
' than abstract theory. Legislation has merely
recognized the fact established by experience,
l that gold Is a better monoy metal than silver,
Just as It formerly recognized silver as better
than copper, and copper than cattle, sheep, skins,
aud articles of that kind. To go back now to sil
ver would ba to go back toward barbarism, If
i not quite to It.
r In spite of all attempts to disguise the truth,
the sole and controlling motive for advocating
the abandonment of gold as the standard of
values reckoned In money, and a return to the
I use of silver for that purpose. Is to reduce the
I value of debts, and thus to rob creditors for the
buneflt of debtors. Bllverltes and blmetalllsts
I may deny this, but so long as they Insist that
f I the effect of the measure they support would be
- to raise the prices of commodities measured in
' money their denUl Is palpably vain. A. creditor
who bat sold goods for money of given value,
or lent the money Itself, Is not honestly treated
lf he Is paid with money of less valuo than
wUeli M HnratotA ft that whlefc
ba Ifcat. The trustee of Brown. Uni
versity are Justly censured (or procur
ing President Andrews's resignation on the
sordid ground thst bit bimetalllst views
repelled donations to the institution from
wealthy men. They should have taken a higher
position and demanded his resignation explicitly
tor the reason that a man who advocates the
partial repudiation of debts by debasing the
Standard; at money Is either mentally Incompe
tent or morally depraved, and, therefore, not fit
to be a teacher of youth. Ho will no doubt
answer that bo seeks only to redress the Injus
tice caused by the adherence to the gold stand
ard, but ho cannot truthfully deny that ho seeks
to do this by legislation which would enable
debtors to violate their agreements.
As a means of making conspicuous the dis
honesty which the freo coinage of sliver In
volves, with or without international agree
ment, the fall in the price of the metal should
be welcomed by every friend of sound money.
When tho silver dollar has diminished in bullion
value to 23 cents the demand that It shall be
forced upon creditors in unllmttod quantities In
tho payment of debts contracted In gold dollars
will seem to be more of an outrage than It docs
now. Tho principle involved will be no worse,
but the application of it to practical affairs will
be more odious. Now that the obstinately main
tained fallacy that wheat and other commodi
ties are Inseparably linked with stiver in price
has been exploded beyond resuscitation by the
course of the market, tho sooner sllvor sinks out
of tight the sooner our citizens will abandon the
offort to restore It to Its old placo nnd to glvo it
an artificial and unnatural value.
Matthew Marshall.
riXAXCIAZ, AXJi COMMERCIAL.
New Terk nitwit Itchaige Sales and lUtnae or
PHces on All Rrcurlllra Dealt In During: the
Week Baaing July 81. ihot.
UKITKD STATES AND STATU 110NDS (IN $1,0003).
Ojn- illgk- Low Clot
Salt: A'on. Inj. ett. (. titff.
6000 U St, r.l l07. Ill1 Ill's 1114 1114
l7a00OU84l.clv07.112 112 lllTs 1111s
osoooubu, r. ld'io.iEa1 125 1B41 ia6"s
8B000U84a.c.l8.1S54 H3Q4 136 1C64
V00OUS4t.r 114. 114 114 114
UOOOUS-U. c 115 US 116 115
300JAU,c1m A...100S 1004 1004 100S
1000 Als. cltu b ..1044 1044 1044 104J
ItOOOTennBetas... 80 63 80 83
13000 VaFilS-Ua of
ll 04Hl 049 644 044
RAILROAD AXD OTIlEIt BONDS (IN $1,0008).
Optn- lifoV iou- Clot
Sates. A'ame. n?. . ttl. luff.
4301 AtchlaonadJ t Si's 60 614 66
071 Atchison snt 4s., 804 87 8U4 87
48AmcrSUe 804 81 BO 804
801 AmtrTob scrip.. 754 774 764 774
1 AilCALlst7U7 117 117 117
20 Ana Arbor 4s 708 80 70S 80
12 AtchJCoAWlit 30 30 30 30
6Atctl4CPUt.tr 304 33 304 33
QAmCOSs 100 100 100 100
30 Austin ft N W 1st 834 834 83 834
2 Dalt A 0 5. 1883 78 78 78 78
i n nit nb inaa.
Ecus 83 83 83 83
2DVa0 5.tr.. 82 62 82 82
323Brookb7nRT5s.. 804 80' 874 88".
lBBrookWjtWSt.lOOU 1004 1004 1004
5B,xlynEllst.tr. 77. 77i 774 774
100 Brook UnOasC. 113 1144 113 1144
6 Ch Ind Coat 1st 100 100 100 100
2ChWInd gal.. 1104 1104 1104 1104
6ChsOcnSt....U04 111 1104 111
leOCcs&Ognl 44s. 79 70' 784 70
10CbsAO04.19U.122 1224 122 1224
41 C, BAQcnrB... 1054 100 1054 106
eiC,BjQ4s.:tcx. 044 044 04 044
84C,BQ7t 117 117. 117 117s
32C.BQ dbB4..103 103 1024 1024
1 8 C, C. C Bt L 41.
StLdlr Q5 05 044 06
13CoaQaaofChSa.l01 101 101 101
7Can8oltt Ill 1114 111 111
lOCauSoSd 108 108 108 108
3ColA0tbATlst.llO 110 110 110
180ChioTerliv.tr.. 424 434 424 434
1 CtnPaosoM. 0841014 1014 1014 1014
2DCaEIllial&a-101,s 1014 1014 1014
lColCoald 00 06 06 00
2C.StZ. Jt SO. M
dlTlst 103H 1034 1034 1034
6ColHIdltt.tr... 634 034 634 034
60ColSIld4s.tr.... 54 64 6 64
lC.l.Bsl.Ch4t.l014 1014 1014 1014
26ChloFJlelit...HO 1104 110 1104
225CenOa By en o. 03 034 03 034
244 On Oa By 1st too 374 38 374 374
20 Cen Oa ny Sd too 12't 13 123 13
31 Cn. Ind 1, 5... 80 804 80 804
lCh.fndAI.es... 00 00 06 00
4Den&RloOlst..ll04 1104 1104 1104
26 Den Rio O en... 80 80 884 884
6 Dallas a Waco 1st 80 80 80 80
E0Dt,yM!q.... 18 104 18 104
147 Detroit Oaa 5s... 884 00 88 804
4Dul8SAUSi..l014 1014 1014 1014
6EUx.LBSlst..l01 101 101 101
lErlecnltt 144 144 144 144
10 Erlo prior bdi.... 804 804 60 80
47 Erin nllln 3-4. 004 664 604 664
11 ETenn 64 1004 1004 1064 1004
SETenn 1st 1084 1084 1084 1084
13EdlsouEI 1st. ...1134 1134 113 113
12)llnt a P If lit,
PHBa 744 774 744 774
46 Ft Worth 1st..... 60 67 66 66rs
lrtSfcTJnD 1st.. 1064 1054 1064 1054
226 rtw A BO 1st.. 66 674 66 67
33 0,n'gSAMP6t 004 004 004 004
60aPaclst S-8S..1164 1154 1164 1164
6 Oat Alt, 1st BS..1024 103 1024 103
60rnEleedebBs..l00 100 004 100
44nockVal6s.tr.. 73 734 724 734
eUockVaie 66 66 63 63
1 II fcTCrat 1st 61004 1004 1004 1004
40HTCntfslts 714 72 714 72
25 Iron Mt 54, ft..... 70 82 70 82
20Irontt&s 82 834 814 834
4 111 Cent 4. WL.. 104 1054 104 1064
20 IntAQtN Id.... 814 83 814 63
20taOtN 8d.... 404 43 40 43
16Ind.D Wist.. .1044 1044 1044 1044
1 Iowa Cent 1st.... 064 064 064 064
2 King Co El 1st.. 48 48 48 48
7 Kaa P108Ot.tr.. 103 103 103 103
623KanFaocon,tr. 76 814 76 614
127KanTx it.... BOS 804 604 80.
606 Kan Tex 2d... , 634 644 034 634
1 Knox Ohio 1st. 11 34 1134 1134 1134
1 Kanawha M 4t. 75 76 76 76
20LcledeOultt..l014 1014 1014 1014
6LexAPFIstllO4 1104 1104 1104
7LWBcnaa....l004 1004 1004 1004
ILEAWl.t 1164 1164 1164 1164
1 LEAW 2d 1004 1004 1004 1004
16 Lake Sb 04s 1034 1034 1034 1034
6LouNcn 1044 1044 1044 1044
26LouNg4s 824 834 624 634
8LN,FB1.C 624 624 624 824
7 LA,SANAs-t34 03 034 03 034
1 Long Island 1st. .1044 1044 1044 1044
2I.ougIsl.ls 66 86 B6 86
1 Mil Ferry 44s.. 00 00 00 00
3 Lehigh ANY 1st. 00 00 00 00
1 Leh Vol NY 1st. 1004 1004 1004 1004
10LEftBtL5i.tr. 30 30 30 30
24 Mo, KP. lit.... 04 044 034 034
66 MlnnBILin61044 106 1044 106
lMorE7tof 18001004 1004 1004 1004
lilorftEilst 144 144 144 144
73Mo,K&TofT6s BO 83 80 83
41 Man Bwsy it.,.. 064 064 004 064
30 Met EI 2d 100 1004 100 100
0UobfcOlst,N...120 120 120 120
70 Hob Ohio gnl.. 70 71 004 71
141MoPocn 85 02 86 02
47 HoPaooollstSt. 61 66 61 66
2UoPao3d 1044 1044 1044 1044
3 JlHLStx6t...llO 117 110 117
6NorPaaltt,o....H74 118 1174 118
204 HorPao prior it. 804 004 804 00
1428 Nor Paegnl St. 604 684 604 674
13NorfWcn4t... 73 734 73 73
B6MTft81ttr6t.. 1044 106 1044106
3B3HTSml 814 87 614 86
14JCngnl6i.r.lll 111 111 111
37NJCngnl 64...U3 1134 1124 1124
26 N Cent lit. c... U7, 118 1174 118
1 NY Cent exit, r. 104 104 104 104
IKYCenldtb 6i.U14 1114 1114 1114
0 Math Chat lit.. 1804 1304 1804 1304
70NuhftCbttcu..l004 1014 1004 1014
10 Merit Botes! 6s. 88 88 88 88
aBMY.CaBtLis1064 108 1064 106
IN Wen 140 140 140 140
3M Wgold.o 1174 1174 1174 1174
8N Wtfat 1174 1174 1174 1174
3 M W s t Asb 6s,
1S... 1174 1174 1174 I17t
2NWdeb6t,tSyrl004 1004 1004 100
83KY,0Wrii 00t 004 00 00
ii'.gui'.mj.w tt.ui ujt; iiiiiweggs
Ot I Ost
eal. Jftsis. Inf. . est. tap.
iaT.0Wea5t.ll0 110 llOfe 110
C Ohio Miss en-.. 108 10Q 108 108
iaaOrRHis BO 874 80 674
4B0OBLen6t 80t 08 004 OB
8160BLIioa 404 64 404 04
BOOrSLttaob 804 014 SOS B14
640rtfoa 8L81....1B1 181 1804 1804
lOrtlmpltt, r OB OB 08 06
&74 0rlppos,ntlp R84 CBS 88 84
lPsoof MoCd,loa 108 108 108
41 Too ft East 1st... 724 78s 78V 73Ts
lOreoftEAstln.... lfi 10 16 IS
&rennai4t 11 IS, 1U4 Ill's Ill's
U Pitts Wn 1st,,. 73 73 73 73
lP,O01s en 01164 llO's. 11 64 1164
lOP.aotdn...ioo ioo loo 100
DP.SftLB ltt...,100S 100S 1004 100S
8Bn.WftO.x6s.., 101 181 181 181
5 Rook Island Oa... 138 188 138 188
101 nock Isl.x St.. ..1004 100S 1064 106S
8nockltldtb6t...l03 103 108 103
1 lUosftBlst 1484 1484 1484 1484
10nhDnltU...,1214 1814 1814 1814
B04IUadTil4i 83S 834 834 834
HOnioOWltt 78 7BS 78 784
14BclVtlftNB4t.. 824 BBS 824 SB's
&8trUlnnlst..l31 131 131 131
lBtrMlnncn...lS84 1884 1311 1314
1 BoraoofCallst.1084 1084 1084 1084
42 8oPaeof Cal en. 01 014 01 014
21 8oPaoofNMlstl04N 104S 1044 104S
47 Bo Tao of Aril lit 07 00 07 00
3 at Pft 80 1st.. ..1314 1314 1314 1314
1 StPMaco0t....l234 1864 186 186
0 8tPUacn44t.l064 106 1054 1064
6StPHalst.Dex.122S 1224 182S 1&2S
16Btl'MAMex4. 03 034 03 03
1 StLftBFSdclB.116 115 116 116
1 BtLBFd.clC1154 116 116 115
028tl,kbl'nto4..113 114 113 114
OOBtLftSFgnlSt.. 08 OOS 08 00
2 StLASK Trusts. 80 804 804 804
81StLft8'4i 00 70 60 70
6 St P gold 137 187 137 187
00 Siren! it 102 102 102 102
lOStPcon 137 137 137 137
0 St P 1st. C ft P.
Wd 118 1164 118 11B
20StP,DatSoBtl00 110 100 110
2BtPAXorPt..l30 130 130 130
15BtL8Wltt 004 OOS 004 OOS
40 St LS wed 28 28 874 87
005tand!lATs... 08 70 08 004
OD Stand lift Tin... 174 20 17 104
303 San Aft A P 1st 4. OOS 01 604 00
3SCftOalst 01 01 01 01
370 South Hallway St. 004 01 OOS 014
7 B'sldcftOB ttt.tr 04 66 04 60
OOStJftOIII-S-ts.. 00 004 60 66
73 Tex ft Pae 1st 3s. 034 04 034 044
808 Tex Pic 2d In.... 284 20S 20S 80
8 Third A 5i 1234 1234 123 123
lOTolftOCent 1st. 1024 103 1024 103
37Texft.NOcnSa.. 05 06 044 06
7TCtU64.Dlrd 83 83 824 83
71T.StLKClst,tr 77 784 77 77S
1 Union Tao 97s, trl03S 103S 103S 103S
2 Union Pic 08i:.. .1014 1014 101 101
1 Union Pao &, trl 04 104 104 104
2UnIonPaoU8i....l01 101 101 101
HlUnlonPaotr.tr. 04S 084 04S 08
7UnlonEllit.tr. 78 78 77 774
376UnPac.Da lit 304 41 304 404
lQUtahNorlst7illO 110 110 110
OUSLealhOs. 113 113 113 113
3 Va Midland iml.tl 024 1024 1024 1024
3 ValHdtand gnl..l02 102 102 102
170 Wabash 1st 104S 106 1044 106S
280Wabaihiid 724 764 72 764
1 Wab. DftCex.... 06 05 05 05
00 WabUeb, srrB... 234 25 234 264
53 West Un col 5t... 108 1084 1074 1074
22 Weit Shore is.. ..100 1004 100 1004
2WnOat6 101 101 101 101
1 WnNCarlit64..113S 113S 1134 113S
2 Wheel ft L E lit. 86 65 86 86
2 WXTftPalst..l06 100 106 100
5 WXYftragol.. 48 48 48 48
00 1VUCentlst.tr- 324 34 32 34
SWltCentlnc 44 44 44 44
127 WllketftE lit.. 04 08 04 07
Total sales of railway bonds (par value), f 1 8,4 02,000,
BAILWAT AND OTHER SI7ARES.
Ojxa- Iltjh- Loir- Clot
Safe. .Vane. f7. ejf. est. fno-.
58 Adam. Ex 165 155 165 156
10S54J AmSajrnef....l434 1434 1364 13B4
18Bi AnjSugIUfpf.il 3 1134 1104 1114
SBAmerCoal 110 110 110 110
17M3AmSpMfg 13 144 124 13S
6650 AiuSpUfgpt.. 31 33 31 324
80 Am Cable 00 00 00 00
100 AmerDUt TeL. [phone]
12407 AmerTob 81S 85 804 82rt
1040 AmerTobpf... 110 112 110 111
165AmerExpreia..H0 HO 1164 1154
10540 Amer Cot Oil.. 14.4 17 14 17
3310 Amer Cot Oil pf 05 OB 044 674
10510 Atch,T ft SFe.. 13 144 13 144
VS3531 Atch.TftSPpt 204 204 20 28S
1130 Atlantic ft Pao. 4 4
200 Ann Arbor H 11 H H
1738 Anu Arbor pf.. 27 324 27 32S
28 Amer Bk Note. 424 43 42 43
23 Bar. C It ft. v.. . 64 64 644 64
300 Brunswick Co 4 4 '. 4
D9S0 Bait ft Ohio.... 10 11 04 10
1000 B ft O.S Wpf, n 3 84 3 3
14822137 State Gas.. 13 144 124 13S
26638 Brook UT 344 34S 314 33
4322 Brook Ua Oat.. HO 110 110 110S
8007 Can Southern.. 50S 634 604 634
1495 Can Pacific... .. OOS 724 OOS 71S
2100CooKlIce.... 404 404 384 38
1127 Conso! Ice pf.. 80 804 64 84
ami cn ft at wett.. os lis 0 11
84588 ChM ft Ohio.... 18 20S 18 20S
67370 Chicago Oat.... 064 004 004 00
200ChloftAlton.1624 167 1624 167
eaiMC, C, CftStL.. 284 20S 274 284
22C,C,CftStLp 05 65 66 65
8B31ChioNW....117 117S 1104 117S
170 ChlcftNWpf.l 63S 164 162 102
117760 C.DftQ 68 80 804 88
1456C3C.lt 4 St r.... 884 B8S 604 67S
840 C.MftStPpf.. 140S 141 140S 1414
0607C, IUAP 814 834 804 82
3122CotFael 184 20S 16S 204
BOCotKuelpf 76 76 76 76
2719 C. Ind ft L 10 10 OS 10
1208 C. Ind ft L p.... 28 28 204 264
1423 Col. HVftT.... 3 3 24 3
200 Col. IIVftT p 16 16 16 16
HOSColftllCoal... 4S 64 44 64
30 CteTe, L ft W pf 38 3B 38 38
14niHContolOaaCo..l664 170 1084 170
13709 Del ft Hudson.. 1 144 110S 1144 117
2133 Del. Lack ft W.167S 1684 1674 167
6000 Detroit Oas. .. 20 314 2B 31
323 Dearer ft KO,. US 12 IIS 12
2&78Dcnftno pf.. 444 40S 444 404
200DesM ftD.. 124 12 114 11
641 Erie Hit. 154 16 15 16
2325 Erie HB 1st pf. 86S 38 304 37
517 Erlo It n 2d pf. 20S SOS 20S 20
370 Erie Tel ft Tel., 66 07 66 67
K83EdUonEI 120 1224 120 1224
015 East Hirer Oat 00 00 00 004
300 EaitltlrOpf.. 1164 1164 1164 116
llUEqaltableOat.,262 200 262 200
819 Flint PH.... 11 H 10 10
700 Flint ft PM pf. 31 82 81 82
OOrBftW.debB 4 4 4 44
27087 Oen Electric... 334 80 33 364
400 II B Ulaflln 88 82 81 81
60 IlllnoU Central
leased llnei... 06 00 00 06
4658 Illlnol Cent.... 1004 102 OOS 102
160 IlllnoU Steel... 35 35 35 30
1060 Iowa Central.. 74 8 7 8
720 Iowa Ctnl pr.. 81 314 30 314
608 Kantwbi H, 64 6S 04 0
lOOKeoftDHpf.. 10 10 16 16
1640 LJS West,,.. 1SS 17S 164 17S
iOSOLEft Wettpf- 60 78 60 70S
77l Lake Bhore.... 170 171 1704 171
110 Long Island.,,. 42 42 42 42
BOOLacledeOtt,,.. 30 SOS 80S 30
650 Laclede Oat pf. 824 64 624 84
B0700LouNaih.. 63S 66S 67 664
ISIOO Manhattan Con 024 04S 024 03
811 Minn Iron 68 68 68 68
lOOMcxNattott... 1 1 14 1
1620 Mtl Trao 1184 1184 111 112
712 Mich Central... 100 1024 100 1084
1680 Minn ft St L..,. 244 S4S 844 244
2188MftBtL,Utpf 844 60 844 80
4500 M ft St L, 2dpf 64 67 64 66
68683 Mo ractflo 84 87 84 264
2886 Mo. K ft Tax... 144 14S 14 14S
16408 Mo, K ft Tex pf 844 86 83 86
tlSOMobllsftOblo,, 33 84 81 24
t03MorritEt16O 100 160 160
600 Natl Starch,.,. 6S 6 64 0
OONttlBtareh lp 66 06 66 66
89 Natl Starch ip 84 86S 84 06',
OlTNatlLOll 16S 10 16S 164
J0T87NJ Central.,,. 684 01 88 804
7062 NYCinml.,.. 1014 IOCS 101 101
16084 Nat Lead ,. 3 44 36 834 33
1736 Mat Lead pf.... 1034 1034 101 108
31663 North Amer..,, 44 6 4 64
OONY Nil 176 176 176 176
iiliMiahfiiliiiiiiiiiiiHiii
ig'B,r?l.. H-t'J'" n ..- - 'T
Oxwtv JMttV It. Os-
Asf, jtrtw. ft. ttl. th
tlfT.0BL,. 18 14 18. 4
iOONT,08Lp 84 84 84 84
IS9HY,BW.... 14 16 18 10
i8tHY,8wpf- aas a&s aa 36
aNorfWpf... 80 80 80 S0
ltO7Korraelne... 14 16 14 10
vat Nor Facias pf.. 41S 46 41 46S
OtOotft Mining.. 0 0 0 6
ltQOt Ontario ft W... 16S 104 16S 10
178QOrnN , 88 84 28 84
flBOrnHpf... 66 06 68 08
800 Oregon BL..... 18 10 18 IBS
HMO Paciflo Mall.... SI SIS 80 30
2614o,DE,.,., 1 IS IS IS
U80PuUPalCarCol7O 171 170 170
7S00P,O.OtL.. 14 16S 14 16
680 P.O. 0 A at L p. 63 64 63 64
1900PhenlxM 07 .07 .07 07
68045 lUadlng 83S 24 83 24
108180 Reading 1st pf. 60 63 40S 614
12012 Reading Sd pf.. 80 30 20 COS
100 IUoO Wett.... 81 81 21 81
688 BloO West pf. 61 61 60 60
100RenaSar....,184 184 184 184
TlSStLkSP 6 6 6 64
82868tLft8riltp 48 48 40 47
103BtL8T MP 17 17S 17 17
768StLSW , 4 4 44 44
IBlOBtLB Wpf.... 10 11 104 10S
SJOSIFftDol 81 23 Q14 23
17465 St P Omaha.. 06 00 04S 05S
100 SIT ft Om pf..l48 148 148 148
2SIP,MftM....117 117 117 117
S687 Stand n ft T.... 6 0 0 8
I860 South Paclflo.. 10 104 104 10
60 Standard Oat.. 110S 1104 HON 1104
14780 South n'najr... 0 10 04 OS
60158 South R-waypt 30 32S 20S 324
8S50 8UAOI 44 4S 44 4S
1701 SUoftOI 1st p 304 40 384 404
28318tJoftOI2dp IIS 124 10 124
17729TnnCftI 24S 80 24 26
BOTennOftlpf.. 80 60 80 60
100 Third At BR.. 140 1404 1404 140
ICO Tex Pae Land.. 7 74 74 74
lllOOTexai Pacific.. 124 18 114 124
82714 Union Pacino.. 74 8 74 8
1908 Un Pae, D ft O. 3 3 2 3
93 U 8 Express. .. 48 48 48 46
10007 US Rubber. .. 11 16 11 144
S421UB Rubber pf. 67 60 654 68
2370 U 8 Leather.... 7 84 7S 74
8430 U 8 Leather pf. 62 034 014 024
SSSSWabaih 04 74 0 4 74
26493 Wabaab pf 15S 18 16 174
42Wellirarxp.l00 100 100 100
23004 tVestL'n Tel... 86 604 fc-lK. 854
1733 Wheel ft LK... IS IS 14 14
79 Wheel ft L E pf 74 7 44 0
830 Wis Central.... IS IS 14 1
EOOWnOa 78 70 78 70
223 WnUu Beef.... 84 84 84 84
Ex dividend.
Total tales, 2.133.817 shares.
DANE STOCK.
Open- Ulah. Lote- Cfof
Safe. AVsm. fntf. ttl nt. ing.
50 Chatham 200 200 200 200
SILVER CKHTtFlr.tTE:tS.
Open- Willi- oir- Clot-
Stilet. Xamf. (nff. esf. esf. inj.
8000 Silver bull ctfs... 584 68S 684 58
Sl-ndav, Auk. 1.
The Treasury balance at the closo of business
on Saturday was sJU3e,M 1,004, of which 143,
020,401 was cola.
Tho Imports of ccneral merchandise. Includ
ing dry goods, at the port of New York last
week were $7,181,000, nirnlnst S7,517,700
tho previous week and $9,oU5,ll for the cor
responding week of last year. Tho imports of
specie for the week were jr.'tJOl, of which
ff08,602 was roIiI, ruaklnc total epeclo imported
since Jan. 1. $3,037,14!!. Exports of specie wcro:
Gold, ff3,711.7S5, and silver. 1.005.724. a total
of $4,717,509. against 81,839,013 tho previous
week. The- exports of specie since Jan. 1 have
been: Gold, r--lStO. and oilvi-r. $28,097,
720. a total of ibti 252.405.
Tho weekly statement of avcraccs of the Clear
ing House banks shows:
JvlvSt. July 3! Chattatt.
Loini...S540.o;4,flOO$5.ultV."in Inc. 2,v.'l,U00
Depn.lt. e2.S3.700 623,043,000 Inc. 310.300
Clr'laU'n 13,331,800 13.411.100 Dec. 103,300
LVlt'n. 111. (UO. 100 lORjnx.OilO Deo. 1,681.000
Specie... 91.377.000 V1.107.10O Inc. 119.300
Rei-T.S20S.UU.,1.000 $201.41,400 Deo fl.Slt.eoo
lUTer'd I33.n31.423 133,711.230 Inc. 12V.823
S'rplu 147,301,375 143.720.130 Dec! 1.611.423
The surplui n yctr nan was 8317,728,000. and
two 5 cars uiro -M0,U17.175.
Wlnslow. Lanier fc Co., the Farmers' I-nn nnd
Trust Corupnny. the Cnlml Males Morli-niro
and Trust Comiiaii, and N. V. HnrrU A; Co.
will pay dividend and Inlurvt on Aii(t. 2 nnit
durlni; the month on n number of securities,
litis of which are printed in another column.
iscur.Asi: os asessuext jiozls.
"TropertT tn naranruueek, Itvr, and tew
noebrlle Hated at Hem llr Increased l aluea.
ItYE. N. Y., Auir. 1. Tho assessment rolls In
the towns of Ilye. Mamaroncck, nnd New Ro
chclle are to be ODcncd to-morrow. Tho attes
tors, urged on by tho action of Supremo Court
Justice lveoch, who summoned them to court
for ncirlcct In their returns, have been more as
siduous this year than over beforo am! have
taxed all the property they could find to Its full
est value. In tho tow n of JInmaroneck the roll
has been Increased nearly $7,000,000, and In the
towns of ltyo and Harrison nearly if4.0O0.0O0.
The books will be open to Inspection until Aug-.
17, and many protots. It Is expected, will bo
Died for hearlner. Auioni; the larsest assess
ments are those of the Lurchmnnt Yarht Club
for ff.2.11 1.OOO. tho American Yacht Club for
SIBO.OOO.C, Oliver Iselln 21!UH0, ex-Commo-ore
llnrvey OUlls 82W.000, Henry M. Flagler
'200.000, Chnrlcs It. .Murray 175,000. James
and George V. Oulntard 9 123,000 personal es
tate. Josnh Part if!0,0i0 personal, and Com
tnodoro Charles A. liould aud sister 150,000
personal.
Dr. LoTe'i funeral.
The funeral services of tho late Dr. John J. II.
Love, the Montclalr (N. J.I physician, will be
held this afternoon at tho Congregational
Church In Montclalr. Dr. Lovo was Third Vice
President of the Medical Society of New Jersoy,
and tho President, Dr. David C. Knglish, has ap
pointed ns a co-nni!tt-.e representing that soci
ety tho following physicians from Now Jersey
towns to attend the servicer-: t llllnm Plcrton,
Charles J. Klnp. L. 51. Halsey, K. I II, Ciodfroy.
Archibald 5It-recr. William hlmer, Henry
Mitchell, John D. JIcUIll, P. C. Uarker, C. It, P.
Fisher, anil P. A. Ilnr.is.
.-fiitnurinl.
RICHARD V. HARNETT&JDO.
REGULAR AUCTION SALE
STOCKS AND BONDS,
TUESDAY, August 3, at 12:30 P, M
at the Heal Estate Exchange Jt Auc
tion Eoom, 59 to 65 Liberty St.
(For account of whom It may concern.)
10,000 Missouri, Kansas Texas Hallway Oa Sd
Mtge. 4 p. e. Oold Bonds, du 1900,
10 tin. Btindsnl National Dank, S100 each.
1,000 American Llthoitraphtij Company ltt Kite.
3 p. c. Hold Ilondi.
lilts at Auctioneer!', 71 Liberty St,
tfTmsidorapaitg
100 llHOADWAY, NEW YOUK, and
fOOUI-'JIAM ST., LONDON, E. 1
CAPITAL $1,000,000.
HAMUlir, JI. JAItVW, President!
nOLANI) U. CONItUN, Vlc.PretlDt,
H. I.. CONK MX Hecretarn
V. C, rillT, Assistant rlccretaryi
8. it. IIAHHL'RT, London Hecretarn
E. J. CIIAPPULb, Londta Treasurer.
' BASKIXO nocsE or-
HENRY CLEWS & CO.,
11, IB, IB IV Broad at.
Htmberti
N V Stnek Exebtnc. N. Y, Cotton Eichanie,
N. Y. i-roduo Eicbanie, Chloasto Board ot Trad.
Orders executed at any of tha abo.s Kic&uim (ot
Inrestmtut or oa margin, Inltreat allowed oads
po.lt account, tubjeci to check at ilf hi. Act at Fiscal
igtnU for Corporation, aad for mum Uttttmtals.
i0 risTU AVE. eor. Still St.
4S7 IlllO AD WAY, Bilk Ex-giBtdg.
B7 nUDSON ST.. Mercantile Ex'Jt.
tO CODItT ST, Brooklyn.
itt?F7-r-rtJ-?!ffcJiK:''',,-j,(i' ftt.v.ti'ij
1 1 rTT j-1 1 1 1 11-" i P . T
to mm ftsAttKHOLesmi ep raa
Etyiltabtt 61s Ugbt and
Kd York aird East Rlier 6a Companies :
In law of the recent legislation protiding for the
reanctlos) of the price of gat In the city of New Terk,
It hu sssmtd to many stockholder! adYlib to
nslts tn properties and Interests of the two com
ptnl. Each an attoclatlon of Interest will enable
the maaaj-ement to tatrodnee many economies, and
to compete mors affeotlTtly with the larger gat com
psnlss. It will alto tnabl better serrloa to be ran
dered to the public, II It, therefore, proposed to
form a new corporation, and to exchange the shares
ot ths present companies tor new tteurttlet at may
be hereaftsr determlatd. Tbe understgnsd will act
as dtpotltary of the ttook of both companies, ct
ttfteatea for which most be Indorsed In blank and ds
poeltedwlthlt, andoertlflcatetot deposit will be is
sued. If nor than two-lhlrdt ot tb shares of ths rs
spectlrt companies are dsposlttd with ths under
signed before September 1, 1897, or other date
limited by the underalgnid, It hat been agreed that
a plan ot reorganisation shall be formulated and pub
lished within thirty days thereafter. If Iwo-thtrdt of
the shares of both companies art not so deposited, tbe
share certificate are to be returned to depositor!. It
hat farther been agreed thit any depotlttna; shart
holder dissatisfied with the allotment of nw securi
ties under sueh plan, when publlthad, will be en
titled, at hi option, to be paid In cash at f ollowst
(1.) For each ahsure fpar O IOO) el
Tbe t!nltable Cm Light Cm-
SMsny BHaolncuh
(9.) for each share (par SlOO) or
the Prererroei Black or The tjorr
Verk aad Ksut ttlter Una Cm-
Hr Vila tn cash
(B.) sTor each share (par BIOO) T
tbe Coraeaen Htovk or The .tew
York and Boat lllwer tas Com
panv OflO In easts
A syndicate hat boen formed to prortde the funds
necessary to pay for ths stock ot depositing share
holder! who may not asaent to plan.
If holder, of certificates tatucd by undersigned do
not, within four weeks after the nrst publication of
notice of the plan (such publication to be In tha New
York Times" and "New York Tribune," or In any two
papers of general circulation published In tbe cltr of
New York), notify the undersigned of their election
to sell for cash, as atove, they will then be deemed to
bare aasented to all the terms and proTislon ot the
plan and of tha agreement of reorganisation as f ally
a If signing he tamt, and tho undersigned will then
deposit said certificate under such plan and agree
ment. NEW YOIIK, July 19, 1807.
Central Trust Company of New York,
Depositary.
The Audit Company
of New York.
equitable: building.
Acting President. Vice-President.
AUOUST BELMONT. WILLIAM A. NASn.
Manager. Chief Consulting Auditor.
THOMAS L. OHEENE. STEP11E.N LITTLE.
Consulting EnRlneer.
WILLIAM BARCLAY l'AKSONS.
Chief of Corps of Eng'rs. Secretary and Treasurer,
HEN'HY B. SEAMAN. EDWAllD T. l'EKINE.
miiErrrfiRs.
Auprust Hclmont, A. J. Cnssatt,
Frederic I Olcott. Marcellus Hartley,
Jainc Stillman. Charles It. Flint,
tVilllani A. Nash, George Conpcll,
Joseph S. Auertoch, O. II. M. Ilarvcy,
Georice U. Haven, John I. Waterbury,
George W. Young-.
ADYISOItY COSI5I1TTEE
of Stockholders.
VT. Bayard Cuttlntr. T. JeffcrnonCoolldirc, Jr
Walter (J. Oatman. Charles S. Falrchild,
A. 1). Jullllard. Gustav E. Kissel,
Henry W. Poor. Isaac N. Selleman,
Louis FitzKeruld, Robert 11 aclay.
Tbo Audit Company examines and reports
upon the accounts and financial condition
of corporations, copartnerships, and Individ
uals, and examines and reports upon the
physical condition of railroad, manufacturing-,
and other properties.
Its services are of value to Investors, finan
cial Institutions, borrowers of money, di
rectors of corporations, merchants. Arms,
and purehaseri of properties.
Temporary ofllces. Room No. 32, third floor,
EQUITABLE BUILDING, l'JO Broadway,
New York.
Guaranty TrustCo.
of New York.
Mutual Life Hulldlns.
NASSAU. COKNEK CEDAll STUEET. "
LONDON BRANCH. 33 LOMBARD ST.
CAPITAL 8i.000.000
SURPLUS, .... 8'i.OOO.OOO
ACTS AS TPCSTEK FOR CORPORATIONS,
FIRMS, AND INDIVIDUALS, AS OU WIDIAN,
EXKfUTOIl, AND ADMIMhTRATL It, TAKES
ENTIfli: CHAHUU OF HEAL. AND FER-
rsoNAL Estates.
INTUItUsT ALLOWED ON DEPOSITS
subject to check or on certificate.
BTI'.ULINO DltAFTS ON ALL PARTS OF
OREAT IIHITAIN HOUOllT AND SOLD.
COI.LFCTION3 MADE.
TRAVELERS' LETTE113 OF CREDIT AVAIL
ABLE IN ALL PARTS or THE WORLD, AND
COMMERCIAL LETTERS OF CREDIT ISSUED.
WALTER O. OAKMAN. President.
ADRIAN ISELIN, Jiu, Vice-Preeldent.
OKORdE R. TURNBULI, 2d Vlre-lTesldent.
HENRY A. MURRAY. Treas. and Bee.
J. NELSON BORLAND. Aut. Treat, ard Btc
JOUN OAL'LT. M nater Foreign DepL
DinEOTORS.
Bomuel D. Babcock, Charles R. nrnderson,
Oeorge F, Taker, Adrian Iwlln. Jr.,
GeoixoH. Bowdoln, Auguitus D. Jullllard,
August Belmont, James N. Jarvle,
Fredrrlc Cromwell, Itlchard A. iK Curdy,
Walter R. Gillette. Alexander E. Orr,
RolienOoelet, trailer U. Oakman,
a. CI. Haven, Henry II. Rogers,
Oliver Harrlman. II. McK. Tnombly,
K. Somcrs Ilajei, Fnderlck W. Vauderbllt,
William C. Whitney.
( CEDAR STREET, KEW ,YOItK.
nap IT 1 1,. .S'J,tiUO,O00.
fifillPLVri" l.lOOlOOO.
Transacts a General Trust Business.
Takes Entire Charge ol Real Estate.
Loans Money oa Bond and Mortzage.
Issues First Mortgage Oold Bonds;
Interest oa Deposits Subject to Check.
OFFICERS.
fleerse W. Yaiinc . -... Prellrnt
Cuther Kauntzo ... ...Jler-Preajsjent
James Tlmpor .,...lid tlcr-l'rrtluunt
Arthur Tnrnbull. .... TreHaurer
VIIIam P. El lotl .-. -JerreiMrr
:iarlt Vlllla-'.... Ati. Treurer
Itlchard M. Ilurd ..-. Am. Secretary,
KXKCl'TIVE COMMITTEE. ,
Richard A. McCurdy. OnUr E. hl'iel,
Cbarlr IX Plcltey, Jr., Lulhe' Kounita,
Cbarlta It. IKnderton, James Timpton.
DIUECTORa ... ,
Bamoel D IUhcock, Ousiav F. Kissel,
Hum. nt Clarke. . Luther Kountie.
Ctiarles D Dicker, Jr., Charlton T. Lewis,
William P. Dlion, Lewis Msy.
Darld Dons. Jr.. Theo.t"r Uorford,
IWb-rt A. Orannls, Richard A. McCurOyv
0.0. Even, Jr.. Robert Or pliant.
Charles IL Henderson. CharleaM. Pratt.
Jama J. 11111. fames TlmpjOD,
aanlliwv U. nubbaid. Oeorst W. Young.
LOCOMOTIVES.
Richmond Locoraotke and Machine Works,
RICHMOND, VIRGINIA.
BIKFLC OB COMPOUND LOCOMOTIVES TO TtTJUU
"OT DMiaNS OU TO tUTCWlCATIOai""'
,iy k.;;,;,,, BOO lMmtt)
Term, snaslo tatufaclurj.
CurreavtBdence Ucl.
ttXIKlliI. rfiBRrlCUI. tliWtasssssssi
THE YUKON QOLDFIELDS H
ARE IN CANADA. WM
Goods purchased elsewhere than in Canada are subjected to Customs duty lllisl
on entering the YUKON. A strong force of Customs oiiicers and Mounted 'Isfllsl
Police is stationed at the passes. Customs Certificates on purchases in Canada 'ItlsH
will prevent any delay from Canadian or United States officials. ; lpH
Victoria, British Columbia, 'M19
is the best place to fit and sail from. All steamers going North call at Victoria. i SftH
C. A. KIRK, PRESIDENT B. C. BOARD OF TRADE. 1B1H
TO THE HOLDERS OF CERTIFICATES
OF TUB
CENTRAL TRUST CO. of New York,
Representing First Mortgage Bonds and
Consolidated Mortgage Bonds
or tii si
Colorado Midland Railway Co.:
Notice Is hereby Riven that at a Meeting of cerllfl.
eato holders, duly called and held, tbe Man aud agree
ment of reorganisation prepared 1 the un lerlgned
a committee wa duly approved and ratitled by rt -lullon
adopted by tbe rote ot holder, ot a majority In
amount of all the outstanding eertincates, and that
pursuant to the terms of the agreement dated Junu
ary US. I8U0. tho samo has become binding on all the
milder of eertldcte. us per cent, of ail the Hrt
Mortgage Iioucts, aud US percent, of t'onols ha c al
ready been drMMited and bound by theplau
First Mortgage and Consolidated InuuU not heretofore-deposited
under the agreement nf January it.
lsua, will tie rocehed by the Central Trust Company
of New York under said plan and agrecmeiir at any
time prior to tha tllit day of August, lh7, after
which date no botidl v.11! Ih received except lllion th
payment of a penalty or s"jO per bond.
Holder of crrtiflcatea representing Four Per Cent.
Connol!dted bond! are rrqutrcu to pay to tne 1 en
tral Trust Company of New York, for account or th
committee, SAO upon eacli certificate, tielug one third
of tbe cash assessment leviel under the plan, on or
before tne lethday of August, l-9?. Notice will be
given of tbo calling of tho remainder of said assess
ment. SEW YORK, Julv STlh. 1SII7.
niKIIKItlC P. OLCOTT,
4 hnlrmaat
IIIlI.irs V. tlKIl,
Jtlr . JAItllK,
UltlllU.E JIIIM.I!,
wii.i.iwi i. itiTiinnvrt,
WILI.IAH It. hmia.sji:.
4'oinralttee.
OSCAR BU.NKE, Secretary. 41 Wall Urcet.
Mortgage Investors
can secure choice mortgage) nnd absolute
safety of principal and Interest by purchas
ing tbo guaranteed mortgages of this com
pany. A large number nhvnj-s on hand for
Immediate sale, saving Investors loss of in
terest by delay.
P0JJDf0rT(iA(iE (jUAipTEE (0
( 140 Broadwnv, X. Y.
Offices :1 X. E. cor. D6tfi St. & 7th Av X.Y.
I 175 Kctnsen St., llrooklvn.
CAPITAL & SURPLUS, $1,300,000.
UlllBCTIIIINt
George O. Williams, William f. Ingraham,
Alexander K. Orr, Jut-n J. 1 ucLer.
Jaeub It. Schlrr, William I.ummls,
John W. Sterling. Jan V. Lynch.
Charles It. Henderson. Ik'njamln 1. Hicks,
Charles h. UroHU, Jullen T. I) ivies.
Fredeilck Potter, Felix Cumplull,
8amuel T. Freeman, WrMry C. hush.
Kills D. Williams.
WILLIAM B. IIIAJI. MAUTIN JOORT.
l're.ldent. Vic "-I'ri.ldeut,
CLARENCE II. KELSEY. 2d Vlce-PresUcnt.
FRANK BAII.F.Y. MAUTIN WELLES.
Secretary. Tre-iaurer.
Purchasers of Real Estate
who desire n loan to complete their pur
chase can save money by applying to
TiTlE GUARANTEE
and TRUST COMPANY
I l-lti HroadvraY, X. Y.
nm. j 175 Hemieli St., llrooklvn.
unices, i x.E.cor.3btiiSt.ami7tirAvc.,X.Y.
U5'J West l'JJth St., X. Y.
CAPITAL $2,500,000.
SURPLUS $2,000,000.
THESTATETRUSTCO.,
IOU llroudnay.
Capital and Surplus, $1,800,000.
Acta an Trustee, Ileat.trur, Tmii.fer nnd FU
essl Asrent or Corporation., itud n Kteeutor,
AdmlQl.frator, Tru.tee, Luardlaii uud C omiiill
tre or Kslsite.. Legal ltepoltor ror t'ourt stud
Truat t'und., Tnlte Full Charge or Ileal nnd
Peraontsl ttilatea. Intereat Atlosved on lepo.lts.
1RANCISS. HAXilS. Tresident.
w' A. NAM.!'01'51, 1 Vlecl-resldentt.
MAt'h'li 1. n'dF 'KFIt, Secretary.
II. I. KKSfl Treasurer.
II. II. IIEKKV, lrustofflcer.
TRUSTEES.
Willis S.ralna, Henry Steer).
Henry II. Cook, l.iMjrge W vulntard,
Charles It. Flint. Forre.t 11. l'arker.
w. L. Treuholm. rh.-ultf.erltut!r.
William II. K nlall. Cliarle. U ll.T.iuy.
Walters. Johinon. Oetrgo w White.
Jueeph N llallii.-k, IVreUal Knailth,
Edwin A MeAlpln. Franels s. Il.tius.
Andrew Mills. Francis I.ynle Metson.
William A Naih. TIlfililnaA. M Intjre,
Oeorge Foster 1'ualM.Iy EduardF l'oor,
J, P. Fruti.1. AiuonU. McCook.
T Hlll.ltKHI Of
Baltimore & Ohio Railroad Co.
5 GOLD BONDS, DUE 1925
(LOW OV INH.-.J.
The Rocelrrra of the lUUlmoro a 1 Ohio TtuJlroatl
Company having tnformeil initial the wrlllheunatlo
to pay at thn prctvut tliu tho iituiiuai duo August 1,
16U7, on the above Jtonds, wo nrc pivpared to pur
chase on anl aftrr thnt .lam ut'h Coupnt at their
facu valuo on nml nlikti hao Uhu lepoltel h 1th
iu( an 1 to pay tho amount Ilit-roof to tho holders of
truit rwelpti hmiM iinilrr III arffmeut of April
10, 10U, for depotlted llond?. on prcsrutatlOQ of
inch rrcelpti at our oftitv, to bo aumpod w 1th such
purchase.
SPEYER & CO.
TO T1IK llOLUHItS III'
Baltimore & Oiiio Railroad Go.
5 GOLD BONDS OF 1925
1. UK 1HN5).
Tbe Reeelrers ot the ltaltliimro and Ohio Ilallroad
Company are unable to ia) now the Cuuious on your
Bond falling due August 1, ln'J7. If, huwrter, on
the application ( the I'nlnn Trust (ump.iny, now
pending, the decision ot the Court shall to that your
BonJi are entitled to the same lien on tl.n Main Lino
at the Consolidated Murine limit, th n the Ile
ctrrers will promptly piy these Coupons.
Jllll H. timn, l iteeelrera.
UM.III .Sll IlltlV.J
Ctirenter Xew oik Ittiiuls.
1100,000 Jamaica, 1017 a. Hold t.
83,000 Kluthln-, IbVi I UJ. Uold Is.
83,000 queens, 11W7 711, tiold ly.
138,000 Arrerne. 10o ,'fl. tiol I 5s.
f.0,000 WettlleM, H.', Uold 3s.
73.000 Northneld. Wil, (lold 3s.
82,600 Mlddletown, lHUi I u 1 7, (iold 3s.
Under the new charter the abore Ininds are a direct
oblbjattoa of t.ltKlTKIt .w:tv itinii, mil may
be eonvcrted after January 1, IMIs, luto rrUtered
stock or tbt new city ot New York.
Fried and full particulars on application.
K l Mir.r-iUliftCO,
Bank of ( viiumer'o llulldluit,
81 Nassau .t , New York.
HAVEN & STOUT
Itatrs Ae York Slock ExckiMg.
1 Nassau Street, Cor. Wall.
BUrslu Arceant. Inetmenf Hrr.rltlss.
XtlstUwt. Netv UI UU SsOlajuLu
, , HH
To the Four Ter Cent, slid Fire 1'cr Cent, tlondhold- V hHH
era the v.'j ajHI
Columbus, Hocking Valley & Toledi 'Holl
Railway Company ; kIH
and Six l'er Cent. Bondholder of the '- jBf 9
Columbus, Hocking Valley & Toledo if dLfl
Railway Company W )1H
and Hocking Coal and Railroad Co. flplH
IteferrlnB to our notice of FEDIlUArCT 3, 1B87. 'jjj r.H
further notlco Is now Klven to all holders of the J1 lf;gfl
alxite-descrllieil tionds that same-mnst be deposited 1h ijf JfH
wlthusnot later than Al'OfST 14, 17, In order to 'IliflitntH
participate In any plin of reorRanltatlon, Deposit! M" fitsM
after that date. If received at all, will be subject tej it'asltfl
such penalties as ue may determine. llllSiiH
.1. P. MOI1GAX Si, CO. 'iE'H
To the holder or rertlnente, laaned by tlstj LtlllssSM
i:Titti. TittMT (djii'.nv or ku vonK, llfl'tH
nnd tho UI.lt C'OI.OW TIllMT COJir.lV OI lllfi-sltH
UOTU.V, upon the deposit or .jH
zst Mortgage Bonds of the " lHjiH
Oregon Short Line Railway Go. H
The Oregon Short Line nnd Utah Northern Hallway 1 j sfH
Co. haTlugbecn reorganlxiHl. nubject to tht Wortgagti S
securing tbo Orvgon bhort Line Uond, and without f siH
any disturbance therouf, UwtUe, U hereby Riven, thai i Ignl
upon the presentation, nt tho CENTRAL TRUST J MJH
COMPANY OF NEW YOUK uul the OU) COLON V ' & MH
THUbT COMPANY OF BOSTON, of the certlCcatet ! I4H
sued upon the deposits of paid Oregon fchort Lin ' M'il
Uornls anil tho payment of ton d pilars per bond, th , : 3
amount of bonds mentioned la said ccrtlilcatei will & llH
Lo delivered to bearer. . S 5
It. C. MAIITIV Chairman & f 'M
CERTIFICATES OP I.VTlUtClT jf M H
In retpeet of j i
UNION PACIFIC RAILWAY COMPANY !
Six Per Cent. Gold Collateral Trust Notes. I iliH
23 WALL STREET. ) j j 'gKaH
NEW YOIUC. August t, 1697. j J jl,'f H
To llnldert or the nboTe Certlflcstte. l In ?3 H
I'uriuaut to the provision of the Jiote nolders IS ht; H
Agreemcut. dated FeLruary IS, 1697, wo thall bs 1113 ssLs
prepared to niako payment on Auguit 16, 1897, of lelSLBLlI
five per cent, (o ier cent.) on account of the principal FMflEBLW
of the above Certlflcates, upon presentation thereof, IhsVLbLbh
ana sultalile st.implnir or endorsement thereon, at ouv .'HlHBH
onice, No. tlO Wall street. New York, or, at the option, tLlfl
of Certificate Holders, at the onice of Jacob C. Rogers, 'jwii iKgBH
43 Mate street. Hoston. interest will cease In re- juSsttH
spect uf the amount so payable on the CertlUcatet oa y4rktBLlfl
August 10, 1BU7. -Jl'KlFkB
J. p. nonii.tx a co i3Kv'tisH
Detwallarloa, 'IsBBIbisH
Mr TRiisrtso mm
231 FIFTn AVE.. COR. S7TH.ST. 'M HfSsll
UUA.NCII, OU BUUADWAY. ' -tih WS
CAPITAL 81.000,000.00 2! 3Ssssssi
LBCAL UEI'OsITOltY IU1 WM
For Stnte, Cltr. nnd Court Moneys. ,11' pH
LETTERS OP CREDIT FURNISHED. M M
Intereat AllosTrd on Time Deposilta. 4-4tJHslH
Checks passed thnmsh N. Y. Clearing-nous.. ISaWslB
Actsair.xecntnr. f.oanllan.orAdmlnlttrttorof Es- , 9iKl!sisH
tatet.aniIaslteceUer.ltecltrar.Transrerand Flnan- !'ftsrM
clal Agent fur States. Itallmads. and Corporations. I.iSitiiH
Separnte Department Trltb Vn'.fvSLH
Sppplnl FncllltlfH (or Lndlea. .nMlculksS
nOH-.llT MACI.AY. l-re.ldent MilfsSksfl
CIIAKI.KS T. HARNEV. Vice President. STt'BllIM
Jdseimi T HltiiWN 2.1 Vlee-President. sfiliXiWU
ntKIVK I. r.I.liRIIHiR Secretary. SSKltlilVksl
J. HUSKY TQVs.NM.M). Ass't Becrettry. rwilTasltW
M ac) & pcndlcton a
BANKERS, l4iiB
45 llroaUway, X. Y. IIsssssl
nnsvnt okfices uai iiiodwat. JmffflB
BIIACII OhJ-ICJ-b, j 7S3 ,,,7 AVF.Vl'E. WaP'IH
Stock, Cotton, Bond & Grain Brokers, H&f9
M.M..IKTS or ,i. HEW YORK STOCK, . $
Cotton, Produce t fmlco Iixeliuugee. " 'tlllSiB
I'rivnlu AVIri- lo tlilcnuo. 'i'lslptH
Hulls .vlnrbet letter un Applleatlots. SIEIvllB
Government ami ilj
Municipal Bonds 'W'ifl
BOUGHT AND SOLD. PB
Al'l'RAIhnjtKXTS JIAt'H OR QUOTATIONS FCR, l5B
NISIir.D KOIt Tim Pt I'.l'HAhE. ALE, OR EX- J-'J ljH
CIIAM1B OF AIIOVK ! I It!TIK- ifi IbSJH
IslSTS OX AIMM.U'.VTIOX. '4 ffW
N. W. HARRIS & CO., I 111
II tMtl.lt-. 'tty, xB9
81 NVSS4.U ST .Uuukof fomineree ltulldlng.) 'H- SaS'-H
fill
wr. it tn i: spitmltt of i? trl M
BANK & TRUST CO. if 1
STOCKS. . ill
P. J. COODHART & CO., vfilJI
38 WALL STREET Wli
'Vo IIOI.IIKK OK THE MOKTWAUE UONDd flMJl ASM
1 of tho xx'lPty uf ruinmaiiy ur Culutntjlan Order hi Tfl
In thn cil) ot t-w York, maiuriii,; August 1. lhU7. lX& ' M
Ttiec ttnlK will 1. patil, prtnrlpa. tuiS tnterBst. M x K'H
tho ottlce or tli 1'iiluii Trul Company, No. 60 Ilroivl ff M
way. ew York iltr, ou Ausim ;, lav7, f f T 9
IIoMenof 1 Kin tin who drvfre lo conrrrt tbe urn A H
Into lift. i-j jicrrrnt. 10 year bo mis of the Society, r.i MiW
rcureil Ijy a in ort (: u(uii the fiine rroprty d t iiflfe Y9
icrlltl In th prrriit niortgBtce. may deposit ttelf A-utl y&S
ImjihIh, f t'ouixm, with the eiitrnl Truftt Company of fcaUR S? m
New York nt any time prior to August 1, 1BU7. and lyk; tftfl
u HI tie eiilltleit to revrUa ouuh n w Umilt at par of !LlUrP. ifj M
their preM nt hold lu us, tearing 4 per cent. Intereel W, i,r im
from AiitfUit 1, lBv7, oou ad the flaiuo art read s-v uW ufl
for deth i ry. f us 5S 9
I'ETKR F. MKYF.lt, Treaanrer. -tS
STUART & PADDOCK. 1
Investment Securities a Specialty. 'Srfjffl
NKW VOKK IIOhTON. Ml.: P?SB?B
iiiim-.oMiWAV. AMta iiuimi.Na. ro1,Tvm''S
STOCKS, BONDS, ."IiWhI
eitovisioxs, nm im
OKA IX. COTTON MWB, fyM
liought uudsold forcssboron msrgln. litpi: "il
f f 1 5)1
Douglas & Jones, I v;
Mcmtjers New York Stock Exchange, 'h WW
M IIIIOAD ST., X. Y. CITV. , Ml 11
Aarket letter on application. rM m
::- i'i
W. CII ACM. EVri)Vl JONES. 1 M,mblris,.T. ' ,,"'
wiluam noiiiboK, 5 8,ock Kc' ' p ' V
FLOYD-JONES &R0BIS0N. ' rf
18 WALL ST. ' 1 1
Stocks, Bonds and Investments. .
LEHIGH VALLEY f
and Philadelphia Securities ,!,
E. & C. RANDOLPH,
7 NAaaAU bl . h I
I a ,
MONEY TO I.0AN on tiond snd mnrlst, 4 u4 4a , If i"
car cent t New York city property. tj J
JWIUOIT WilEiXAM, iOWsillfc.HS';. Ts I ''"7 V
Si 1 j ,!
w