The sun. [volume] (New York [N.Y.]) 1833-1916, November 29, 1897, Image 7

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The sun. [volume], November 29, 1897, Page 7, Image 7
About The sun. [volume] (New York [N.Y.]) 1833-1916

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The sun. [volume] (New York [N.Y.]), 29 Nov. 1897. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83030272/1897-11-29/ed-1/seq-7/>

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I W p .,p - , 7 THE SUN, MONlUY. N0VEMBEir2&, 1807. " l - ' ;H
I out xyDjsrxxDjsjrr xbmabvrt.
1 Ths prominent financial erent of lMt week
, Was the paymsnt of 913,000,000, by ths Union
Iis Poclflo Hallway Raorgantgallon Committee to
the QoTernment, for the securities held In
the Sinking Fund against the subsidy bonds
f issued to aid In the construction of tho rail
way. The magnitude of the sum, and the
possibility that when It was paid it would be
I locked up In the Treasury and thus withdrawn
from the banks, had caused a little anxiety, nil
ot which, howerer, was dissipated by the simple
L derlce ot tearing the money on deposit with
certain banks which put up Government bonds
'r 4 as security for 1U The transaction, therefore,
amounted to nothing more than a transfer ot
I credit on the books of the banks from the Union
i Faolflo Committee to the Government, and It
.either diminished nor Increased the fund at ths
disposal of borrowers.
The Incident, happily as It has terminated,
none the less calls attention to the antagonUtlo
j, - position, which the United fitates Treasury, un-
I dor the law which now governs It, holds to-
I ward the other financial Institutions ot the
I country. Supposing, In the ease Just mentioned,
"" either that the Secretary of the Treasury had
Insisted on the 813,600,000 belnr fjald to him in
h lawful money, or, that no bank had been able or
I willing to furnish the security he required as a
condition for leaving it on deposit outside of
u the Treasury. Then, the whole amount wonld
have boon drawn from the bank reserves,
and, in a critical state of the money market,
t which Indeed, does not now prevail, the result
,- might have been disastrous. As it Is, the needs
r2j,jy of the Treasury may compel the gradual with-
'jE.v. drawalot the money in the course ot the next
f I few weeks, and a deolded rise in the rates ot in-
I terest may ensue.
,it Our present Independent Treasury was the
K jjf outcome of the long warwagedmore than half a
JrJ century ago, by Androw Jackson and his Demo-
7 I cratio successor tn the Preeldency, Martin Van
1 jj Daren, against the United States Bank of that
f era. Their hostility to the institution was Justl-
-( fled by the faults of its management, and Its un-
T, fitness, as well as that ot all the other banks ot
1 ) the country to be the custodian of thepubllo
' i money, was demonstrated so much to the satis
faction ot the majority of the people that they
! resolved in 1840 to make the Treasury its own
banker and no longer expose the nation to
j loss through bank failures or to the evils of bank
favoritism in ths use of publlo funds. Brer
inoe then, the new system has been In operation,
, and every attempt to supplant It by a reversion
to a great national bank as the Government's
r fiscal agent, like the Bank ot England, has
proved abortive.
In the days when the Government's revenues
amounted to less tflan 01,000,000 a week, and
Its disbursements to about the same, ths Inde-
, pendent Treasury worked little or no harm to
the country's business. Now that the revenue
nas swelled to an average ot over $1,000,000 a
day, and the balance carried by the Treasury
amounts to over 6200,000,000, the situation has
becomo quite different. Indeed, for tho four-
.- teen fiscal years from 1870 to 1693 thoTreas-
t Xiry, but for its payment by anticipation and at
w a great premium, of a large vert of the publlo
debt not due, would hare swept into Its vaults,
by an excess of ordinary receipts over OTdlnary
expenditures, more than 91,200,000,000, which
ML Is a sum exceeding the entire active circulating
lim medium of the country. Of course, had the ex-
MK pedlent of anticipating the payment ot bonds
1 B, ot been available other measures would neees-
"Wt g sarlly have been adopted for preventing this
I catastrophe, but Its possibility Is appalling.
H Latterly, tho Independent Treasury has dlsturb-
H eil the natural course of the country's finances in
H tho reverse way. Ever since 1893 it has paid
H out moro than it collected from the people, and.
H notwithstanding the enormous bond issues ot
j 1894. 1803 and 1800. which yielded It nearly
H 9300,000.000, its balanoe in hand Is net mnoh
3 greater now than it was when the deficit began.
',',M Blnce the last bond Issue, the Government has
I H been steadily pouring money Into ths hands of
1 I the people, tho excess of its expenditures over
I I its income for the current fiscal year having
H I been 94G.000.000, all ot wnJch has gone to swell
E the amount of loanable funds in the hands of
B f capitalists. Ths sale of the Union Paclflo Itall
Wr way will, when it is completed, furnish It with
Ik about 923,000.000 over and above the 930,000,-
Hf O00 of subsidy bonds which it will have to pay on
HU Jan. 1 next, but If the money la left in the banks
HH as the first installment of it has been, the reign-
WM ing plethora will be undiminished.
Jjj - The legitimate effect of this continued out-
W pour from the Treasury has bsen, as we see, to
HI reduce and to keep reduced the rates ot Interest
H for loans, and It would bare been greater than
HjB It has been, but for tho counteracting agency of
Mill the return to this country for sale of a large
I L amount of oursocuritles previously held abroad.
I This counteracting agency has, however, Itself
H been counteracted by the European demand for
Ut our agricultural products, which we have been
nBl able to ship Instead of tne gold Which would
J' otherwise havo been taken in payment tor the
JVl securities sold. In addition, there has been a
I J considorablo borrowing in this market upon
? bills of exchange, which has obviated the neces-
.bbb slty of immediate remittance for them. The
fammtc outcome ot these opposing forces has been a
small balance in our favor, instead of a large
KS one against us, and Instead ot our exporting
PHju ,r gold, we have imported a small quantity ot it, to
HVui add to our already unwieldy surplus.
BKjT . Unless the natural laws of finance are arbltra-
ICrKt rlly preventod from operating, the situation
PBtA will, In time, right itself. A long continuance of
HJH$l low rates of Interest and of difficulty in getting
tf;;K any interest at all, will drive the owners of
HB?lij money Into seeking employment for it in new
Bjf Ij ways or In other fields, and either an era of speo-
BMvT'l, ulation will sooner or later set in here, or our
BjLjJ I ' gold will go to other countries for the promotion
HjfiJ .' o( enterprise and speculation there. On the
jHjt; other band, should there be no increase In the
HJ Government revenue for the next two or three
aH I'ff' years, and should the balance no w in the Treas-
HlM i ury bo so far reduced that a bond Issue becomes
HI, 'I necessary, then thero will bo a locking up ot
nM. ( ';);; monoy again in the Treasury, and the plethora
HHlj of It outsldo will disappear. Whatever else
IH.if I happens, the operations ot tho Treasury cannot
IBrrI bo counted upon with confidence, and they will
HHi always be an uncertain element in the problem.
BKA To point out tho evil is easy: to devise an ado-
Hi q uato remedy for It Is quite the reverse. Sound
jHutl finaneo would prescribe the establishment ot a
I great national bank, to act as the Government's
fiscal agent, collect and disburse Its revenues,
Hjr lend out nny tomporary surplus that might ac-
HT crue, nnd supply, by borrowing in the open
Bjl;, market, temporary deficiencies. An excess of
J h' rovenuo over expenditures would not In that
9J It case result In depriving borrowers of their usual
If accommodations, and a deficit would not over-
U! stocl: the monny market. Taught wisdom by
t H exoertence, every European nation has Its bank
' Lfi throuKhnhlchlttransactsltsflnauoIalbuslncss,
Wmj and suffers noue ot the Inconveniences which
HE.) our Independent Treasury entails upon us. Un-
JKji fortunately the traditions and the deeply rooted
HWj" prejudices ot our peoplo stand in the way of our
'"Wll adopting a similar expedient. It will be years
',; before those prejudices will die out, and for the
' ij present nil consideration of a great national
Ys bank must be dismissed.
IJ lue luncllons ot a national bank might be
M , partially performed by the Treasury Itself by a
St, ( alight addition to its present powers. It the
B ', Bccrctary of tbo Treasury were allowed to issue
Ht for the supply of tho present deficit short dated
Si bonds, similar to tho Exchequer bills of the
Wk llrltlsh Government, then, by buying these
V) 3 bonds In, whenever be had a large surplus rev-
if cnue, or by selling more of them when he had
H another deficit, the operations of the Treasury
1 would disturb the roonoy market very much
1 ; lass than they do now, and supplying Us wants
ti would be very much loss expensive. To meet a
V i deficit In 18Ut and 1805, tho Cleveland .dmlnls-
K' ' tration had to sell high-interest bonds running
WL ten and thirty years, and we could not buy them
,' 4 back now without pa ing considerably more for
js them than they produced. Had they been made
Hi to fall due In one, two, or three years they
1 could easily have been negotiated at low rates,
' they could have been extended when they ma
Ii turod If It were nocessary, and payment of
m Uiem before their maturity would have involved
B 1 no great sacrifice.
Bjl Another and quite as efficacious a remedy
. Hri would be so to adjust the Government's revenue
Hi to its expenditures that thero should never be
I- I
either a surplus or a deficit of any considerable
amount. In that case, the money paid into the
Treasury tor Customs and taxes would bft paid
out again as fast at It came In and tho receipt
and tho disbursement of It would balance each
other. This is what tho Oovernmentaot Europe
always aim at, and they usually come pretty
dose to achieving it. With the msthod of doing
business which prevails at Washington It is,
however, impossible for us to imltato their ex
ample. Congress neither adjusts the revenue to
meet the expenditures, northosxcondlturesto
meet the revenue. The tariff and tho Internal
revenue taxes are fixed with regard to the sup
posed wishes of voters, and the appropriations
are made In like manner. What tho result is
wo see. Some years we haTe an enormous sur
plus, and in other years an enormous deficit.
A skilful workman, howoTer, can work tol
erably well with bad tools, and a competent
Secretary of tho Treasury can also manage to
cany on the Government's financial business
tolerably well under the present system. Still,
the task imposed upon him is a dlftlcult one,
and our financial reformers, who are so solici
tous to amend our currenoy laws, might better
devote their attention to making it easier. Even
so slight an Improvement as giving him power
to borrow upon short-term bonds would bo ot
great assistance to him, and a bill to that effect
might, it would seem, be moro readily carried
through Congress than any ot the complicated
currency schemes which have bo far been sug
gested. Matthew lUnsruu.
TIMXCIAZ AXD COMMERCIAL.
Mew Yirk fttectc exchange atea mat Bss r
rriee a All eeuritlt Dealt la barlagtha
week Endloa- Mev. ST. laor.
onrrxD states and otatb noxca (in 91,000a).
Open- Hlg- Low Cln
Salt: .Varna. nj. cat. it. inc.
4e000US4s,r,l0T.llO 113 112's 113
84.000 US4a.c,l07.114s lid's 114 114
1000OBB,r 1134 11 31 1134 118i
41000 U 8 61.0 114. 114 114U 1144
SBOOOTennSetas... 80 00H 80 80
86000 TnnBst8s.s. 88 80 88 80
11000 VaFdS-Da of
1801 07 "4 07'4 074 074
rUIUtOAD AND OTHETt BONDS (IN 91.0008).
Ppen- High- Low- Clot
Salti. Kam: ing , ll. 4it. ing.
491 AtcnlsonadJ I:. f3Ts 64s 634 G41
383 AtchUonsnl 4.. 804 BOH 804 80Sl
4AmarTobsorip.. 76 76 76 76
B Ann Arbor 4s..... 814 81'. 81s 81Ts
fiAmDkImpB.110 110 110 110
BAmOOSs 108 108 108 108
10 AuitlnNWH 84H 84H 84H 84H
SD'yTthAvenB120a ISO's 120 lSOHi
8SaltA0 6s.ltl83,
Seta 73 73 73 73
16BalAO.rbr....lOBa lOSS 108 10a4
SnltBiltU.Q.. 80 80 60 BO
lnaffAP mi BS..101 loi ioi ioi
46BrooklynRTBs.. 00 GO'S 00 00
48 Brook WaW OS. 004 00s 09 OO's
lsn-uyaBiist,sr. bu oust 7U1 eu
81 Brook Un Oas Os.l 104 111 llOlll
47 0hsft0cnB4....110a Ill's HOKi Ill's
10 0hsJtOral4ss. 78S 70 784 70
SO Chs A O. It A
litcnis 103a 103s 103s 1034
eObsftO.OTlst. 08 OB 08 08
0 Chs O. B fc A
Sdenis OIH 01rs 01S 017s
OOC,BQenrBs..l07 108 107lj 108
OBC,BQ4s,2?sx. 044 06 94S 06
seo,nQ7s....ii8 lies 118 ii8s
140.BAQ dsbSs.. 1034 1081 1034 103
3 0,0,0ft 8IL4S.
CWAMdlr... 89) 80 80 88
lsaaossiLo,
BtLdlr.r 08 08 OS 03
10,0,0 ft Btl.s,
BtLdrr 04 04 04 04
8 OUs.IrftDlslBs.no a 110"a llCi 110"a
aOonOasotChBs.100 100 100 100
&0.C.0Igtd..12B 128 18B 128
70 Can BoUt 110's 1114 HO" Ill's
SCanSoSd 107 107 107 107
82Chlo Terlil.lr.. 44 44 43' 43s
104nPao(Ola.8sl027s 102T. 102'. 102'.
lOhftEUImlBs.101 101 101 101
CCommrrCabl. HlOCa 1064 IOC's 106
7 Col Mid 4i. alp.. 21 214 21 Si's
OOQLSOCo 1st. 1044 1044 1044 1044
BOO, I.6tLCh4J. 1004 1004 1004 1004
0ChlcftKrleUt...ll0 1104 110 1104
1 Cnaall'wayl'tll04 1104 1104 1104
lOOnOaltycaCa. 804 00 804 DO
lfiCenOaKyUtlos 384 884 384 384
a7CenaaRy8dlao 13 134 13 13
flCIndftLei..... 06 06 06 06
IDenftBOIB.... 80 80 80 80
lDulAlronll 1H.102V 102 102' 1024
1 Dallas Waoo Ul 80 80 80 80
161 Detroit Oas Bs... 01 024 004 024
aKATHrolBs... 74 74 74 74
8EUi,LBSllt..lO0. 100s 100s 100".
lOErlelttex Ill 111 11 1 111
16Erl.cn 1st 1434 1434 1434 1434
78 Krle prior bds.... OO's 004 004 004
28 Erie sbI lien 3-4s. 70 70 00'a 70
llETensBs 100 1004 100 1004
OETsnnlst 1004 1004 1004 1004
20EdlionEIUt....lll. 1114 Ill's 1114
0 Ft Worth lt..... 00 70 00 70
B Ft W ft no 1st.. 674 67. 67j 67s
10,n'gftSASd...l04 104 104 104
20 0.n-ga:8A3IPSi 004 01 004 01
eltarlemlst, r...,107. 1074 107. 1074
1 nockVBs,815p. 714 714 714 714
48H.TCutml 704 704 784 704
lInd,DftVlat...l04 104 104 104
S0IrMtlitex44s..l074 107'4 1074 1074
6IronSIt.Arkbr..l074 1074 1074 1074
40 Iron lit C5 85'. 87 8ft7. 87fl
1 IllCenU, 1S61..H3 113 113 113
7U1C.U4., 105S..1024 1024 1024 102'.
30IowaCent lit.... 004 004 004 004
147KanFaecon.tr.. 604 00 80 80
E01 KaafcTei 4s.... 804 874 80". 874
117KsnftTxSd..,. 814 024 014 02
leH.ntuckyOl.t.. 874 884 874 B74
344 Kan C. T ft Olit 804 83 804 824
2 Kanawha ft M4. 76 76 76 76
7LacledeOasUt..l01 101 101 101
40LxATftPPUtllO 1104 110 110
3LftWDcnM....1004 1004 1004 1004
2LakeShUt,a....lll 111 111 111
0 Lake Sh 1st, r.... 1004 1004 1004 100.
6Lake8b34i.r...l064 1064 1064 1064
22LakeShS4i 1064 1064 1064 1064
7LouftXcn 102 102 102 102
2&LouftNR4s 844 844 844 844
4L4N,SNActB. 024 024 024 02'4
1 Loeglsl lit 1014 101s 101. 101.
6IhVof.VYlit.l03 103 103 103
lLehValTSi 110 110 110 110
238 MetS Ilvr 5..... 112 112 112 112
4Mo, KftF. l.t.... 014 024 014 024
2Mft8tL.Iaex...l37 127 127 127
4UorrUftEcon..l44 144 144 144
31IorE7.of 1000100 100 100 100
23 Mo, Kit ToT TC. 814 83 814 63
10 Man Rway U.... 06 06 06 06
16Mobft0Mo gnl.. 73 73 724 724
8M!chCent7s 1134 114 1134 114
32Mol'aecn 804 004 804 004
1 MoPaecolUtB.. 03 03 03 63
10UoPao8d 106 106 106 106
2 Mil N lit, 1010123 123 123 123
6MI1 L8.i3l.110 X10 110 110
11 .VorPaol.t.c..118 118 118 118
6KorI,aolit,r,.118 118 118 118
44 Nor PacTer lit. .1044 1044 104 104
621 NorPao prior... 014 024 01 024
825 .'-'orraognl Si... 84 604 6B4 604
lONorfftWcnii... 704 704 704 704
1 ,- J aiiannu iii,.i;ii iui iui lyj
SAYftSlitrB.,,1064 1064 1064 1064
ONYASstiI 804 80i 804 804
1 1 NJCcnsnlB., r.1004 1004 1004 1004
22MJCfngnlB..,.1124 1124 1124 1124
16NYCentJi.c. 1104 1104 110 110
2 NY Cent ex 4.., .103 103 103 103
1 KuuftCbat en, .1034 1034 1034 1034
12NY,Chft&tL4i..l04 1064 1044 1064
1 N V, N II ft U
d.bctf. 140 140 140 140
,NYNKllt..,. 034 034 034 034
lNWdebB..80yrll3 113 113 113
11 KWdsbBs 3yrlj00 100 100 100
10NV,OWr)i 004 004 004 004
3U Y.O WcnBs.1004 1004 1004 1004
1 OrRftNUt 1124 1124 1124 1124
43 0rIlN'4 034 034 03 034
170re(oaBL8..... 1204 121 1204 121
00OMI,co5. 034 034 034 034
lOOSLiooa 674 674 664 604
OOrSJ,, Inub 374 374 374 374
10 Ore Imp l.t, tr..l024 1024 1024 1024
300mftStLlit.... 81 824 81 824
81'aoof Molil. 102 102 102 102
lOPaoot Modex.l0B4 1084 1084 1084
2P,DKlit.Kd,1024 1024 1024 1024
10l'oftPUnSd, .. 86 66 86 86
11 i'.nDa44 1144 1144 1144 1144
Ol'enna 44. r.,,.1144 1144 1144 1144
'
to" ir- xw
Sattt. Mmir, Ing. at. '"
lPltUftWo 1st,,, 704 704 704 704
2 P. C, O ft 8t I,
44s,serB 1104 1104 1104 1104
0r.OftCUten6114 114 114 114
2P,O0taat...l0B 10B 108 108
12P.Bt,H lit..,, ior.4 1064 105 106
lR,WftOexB.HB HO 110 110
6Rockt.Undes,r.lBB4 1884 1384 1824
01 nock Iilexft..... 1074 1074 1074 1074
36 Bock III sxSa,r 1004 1004 1004 1004
61P.ockitldebBs...l04 104 104 104
3IUiftDnvlit.....lfi4 124 184 184
8nhDbvKiia!t..l01 101 101 101
lOOResdmUs 844 84. 844 044
40RloOWUt 614 014 Bl Bls
3 Bel Talk HE 4... 82 BS 82 08
1 BtPft Minn lit. .1204 1804 1EB4 1804
18tPltlnhcn.lB6 136 136 136
BSBopssctcalea. 08 0B4 08 084
S4EoraoofrtUlitl074 1084 1074 1064
SOBoPsootArUUtlOO 108 100 108
1 IIP 8X3 1st..,. 1804 1804 1804 1804
lBtrMa,MO 6.100 100 100 100
ltPUaoaC..18B4 1884 1884 1884
lBIPUal.t,Dex.lQ04 1804 1804 1804
28tPMazd ISO ISO 180 120
130 8tLBFs 784 734 7Ba 734
SBttftSrtnies.,1104 1104 1104 1104
OBBtLftBPrnlB.,.1084 1084 108 1024
20Btrrnl4s 1044 106 1044 105
8Btr.0AI.Bdlt.1164 1164 1164 1164
10 8tMit.TIftDTsl3S4 1324 1384 1384
12Btriit.CftUrBsll44 1144 1144 1144
6 8t Peon ,.140 140 140 140
1 Bt P lit, 0 ft P.
Wd HOH HON 110s 110s
HBtPlmi ftDsxl40 1404 140 1404
lBtPl.t.aWdlv.110 110 110 110
10BtPUt,SUd...U0 1104 110 1104
CBtPUt,WUBsll6 116 116 116
IBtLSWUt...., 784 784 784 734
10BtPftDul8d....l05 105 1044 1044
6BtandRftT64... 00 00 00 00
10 Stand lift Tin... IS 18 18 13
04SAftAPUI4l... 604 004 604 004
BOBouthlUllttayBa. 014 084 014 014
H8tJftOt8Ss. 084 084 08 08
83 Tex ft Pad 1st Bl. 004 074 004 074
BlOT.xPaoSdln.... 874 884 274 884
lToUPftTYnllt.. 71 71 71 71
2 Term nam. l.t. .1004 1004 1004 1004
0TBJlAofBtl.enfl.1074 1074 1074 1074
OTolft OC.nt lit.103 103 103 103
SOT.xftHOcnB... 074 08 074 08
10T.8tLftK01lt.tr 83 83 83 83
8CnloaPao07a....l084 1024 1024 10S4
BUnJonPao7..trll04 1104 1104 1104
4iUnlcnPaosf,lr.H04 111 1104 1104
6UPaoOTea.0S4
Vent. pp... 414 41'. 414 41'.
31UP.Dftaut.tr 48 4B4 474 474
6-ClstftDslUt Bs.103 103 103 103
SUSLeatbO. 114 114 114 114
130Wabahl.t 1064 105S 106 106S
60WestPaol8o 1024 1034 1084 1034
80VrstShore4S....H14 1114 1114 1114
10W.tShore4s,r..llls HI". HIS 1114
fiWKTftPa 1st.. 1084 1084 1084 1084
20 WUC.ntlit, tr 34 84 34 34
6 'Wilkes ftE. 1st.. 06 06 06 06
80WUlmftSPBi...ll0 111 110 111
Total sales of railway bonds (par value), ft,4BS,000,
tUU-WAY AMD OTntn BUARSa.
OJW Htohr Low- Clo$.
taUt. Kami. ina. til. ctt. Ing.
114tB7AmSugRt....l314 136 1B0S 136
893AmBugR.tpt.lll 1124 1 104 1184
15-UAmHpMft 84 84 04 B
SBeUAmSpMftpr.. 804 804 104 174
SOBAmCabl. 014 014 014 014
BtnOAmarTob 614 Bl4 804 814
8BAmerTobpt...lll HI HI HI
B0AmsrExprMs..H8 118 118 118
JOOAmerCot Oil.. 814 88 814 88
ISOAmsrCotOllpt 744 744 734, 734
ieBOAtch.TftSre.. 124 18s 184 124
lOMBAtcb.Tftsrpt 27 274 864 274
100 Ann Arbor pt.. 30 30 30 30
100 Dunn ft Ppt. 63 68 68 68
BBOOBnmswlokM.. .18 .12 .12 .12
400 Bait ftOWo.... 124 124 184 124
IBeoOBajBUt.au.. 0 6 64 64
SSIBBrookRT. 33 334 304 32
1BB Brook Un Qa... 1104 1204 110 HO
880CanSoutb.nl.. 624 684 68 68
S00 Can Pacific... 60 804 80 80
fBConiol loept.. 80 00 80 00
11310 CbOttVeit.... 124 134 124 1S4
StOChGtWeatpA 30 36 33 33
100 Chat Wait pB 234 244 834 44
810 Central Pan.... US HS II 11
tSBOChesftOhlo.... 214 81S 804 81S
lOChftEIll 024 584 684 624
SlOCnftEIUpr.... 06 06 06 06
lBChloftAlton...lOO 100 100 100
tOOCC.OftStL.. 33 33 324 384
lOOO.O.OftStLp 60 80 80 80
BI80ChloKW....ial 1834 1804 128
B8BChloftKWpt.l06 106 1644 166
eODOOC.BftQ 034 05 084 044
40760 C.H St P.... 014 084 014 024
8SlC.M8tPpf..l40 1404 140 1404
8S7180,RIftP 864 874 BO 874
fiOOColPuel SO 1 80 81
lOOColOftldsv p 84 24 84 24
800 Col, H VT.. 44 6 4. 6
lOOCoLIIVftTp.. IB 184 18 184
SOOColftUCoal... fi C4 6 64
138Cleve.t,ftWpt 40 41 40 41
8304Con.olaaaOo..lOl 104 1814 1864
350 C.Ind ft L 84 BS 84 84
lOC.IndftLp.... 20 20 20 20
z8ie Del ft Hudson.. 100S 1004107 109
340Dcl.LackftW.165 166 165 166
BOOD.trolt ass.... 664 66S 664 664
lOODenftROpf.. 43S 43S 43S 43S
BlOErlsRR 144 14S 144 144
1103 Erie It It lit pf. 364 86S 35 36S
lBOErlsBR Zdpt. 10 10 10 10
ISOEdlionEI 126 126 126 125
S7EdIionEI of B107 107 1064 1004
SFtWftDC.... 16 16 16 16
810 Oen Electric.... 324 324 314 324
loonncutun..... 06 06 06 06
lonomestake 40 40 40 40
880 Horn Silver Ul. 63 1-63 1.63 1.63
818 Illinois Cent.... 1004 1014 100S 1014
8B0 Illinois Bteel... 43 43 41 43
810 Iowa Central.. 0 04 0 04
400 Iowa Cent pf,. 31 324 31 384
1084 Kan C.P ft Q.. 834 84 234 234
100 Kingston PM .24 .24 .24 .24
BOLEftWest..... 16 164 16 164
888 L E ft West pf.. 684 004 08 004
17BLak.Bhor....1684 171 1084 171
lOOOLacledeOa.,... 41 414 40 414
lSILacledeOaspf. 06 06 06 06
laeesLouftSaab.... 644 644 644 64S
88880 Manhattan Con 084 1034 084 1024
B Maryland 0 pf. 40 40 40 40
100 Minn Iron 68 68 68 68
lOTtlM.tStlty HO HO 114S 114
813 Mich Central... 1024 103 102S 103
1160 Minn ft BtL.... 24 804 84 204
lOUftStUUtpf 87 87 87 87
BOOMftBtL, 8dpf 624 54 624 64
UfiZlUoPacMa 284 204 274 20S
SOMo.KftT.x... 184 134 134 134
8085 Mo, K ft Tex pf 334 84 324 34
100 Mobile ft Ohio.. 24 24 24 24
80 Morris ft E..... 100 100 100 100 ,
800NatlLOll 174 174 17 17
100 New Cent CoaL 0 0 0 0
8IU01N J Central.... 864 664 824 664
BOeBKYCtctral,,.. 1054 100S 1064 1004
1273 Kit Lead 33S 334 384 83
880 Not Lead pt... .104S 104S 1044 1044
880 North Amer.... 4 44 4 44
B.VYftNH 180 1B0 180 180
800 MY, Oft St I... 13S 13'. 184 134
BBONY.SftW. .. 174 17fs 174 174
710 NY, SftWpf. 334 34 324 34
OOXorf West... 134 134 134 134
801 NorfftW pf... 424 434 424 434
l8o0 Nor Pacific.. ,. 184 104 184 104
SOlSHXorPaclnopr.. 68S 664 624 6GS
S03B Ontario ft W. 16 164 16 164
000 Oru Imp. 2dl p 16 16 14 14
BOmftHtL 64 64 64 64
800OroltftN 34 84 34 34
100 Ore It ft Npf... 074 074 074 674
BOOOrejonBI, 184 18S 18 18
408B Paclflo Moll..,. 304 304 80 204
800P.o,DE U 4 4 4
10!BPullPalCarCol704 171 170 171
8!SBP,C,CStI. 33 34 33 34
100P.C. CftfetLp. 66 00 66 00
S01PeDliaHH...,,llO 1104 1004 1104
00208 ToopO AC,.,. 084 034 01 034
1881 Reading 204 81S 804 21S
8000 Beading lit pf. 46 47S 40 474
700 Reading 8dpr 204 27 264 27
HBRIoOWpf. ., 63 64 61 63
100 8U.HW . ... 44 44 4S 4S
lOOStLS Wpf. .. 04 04 04 04
lOOBtl'ADUl 21 81 81 81
387 8tPftDulpf.. Bl Bl Bl 81
8840 BtP ft Omaha.. 77 7B 78 774
UOHtPftOm pt.,140 140 140 140
BOStP.MftU. 183 123 123 123
14e0i.outliPacino., 104 204 104 204
SIBOBoutliR'wsy.., 04 04 84 84
SUSSoulhU'itaypf 204 80S CBS 204
Ji B-iaMaaawaBaurEasnBsaaaaBaa
. 1. - -
Of- Vlgk- Lew Ctes-
SaUi. XnM. " " ''. ing.
StOBtJAOI 7 7 04 04
S538U6ft011itp 46 464 45 404
lOflJStLftSP 04 0'. 04 04
084 Rt 1, SF lit P 63S 65 63 64S
lBBIStLftSPCdp 80 814 204 Si's
480 Stand U ft T.... 4S 4S 44 44
470BT.nnOI . .. 844 84S 83 24S
100TbtrdAVRR.140 140 140 140
ISOOTexa. Paclflo.. 104 114 104 11
TBB0nPso,8dap. 10S 10S 18 104
l4B4BVnPar,aap... 24 24 224 83S
BOOtmrac, D0. 7 74 7 74
lBBUSEipml... 4Q 48 40 40
1080 VI Rubber.... 164 174 164 174
481 U 8 Rubber pt. 04S 064 044 064
80 UB Leather.... 7 74 7 74
1KB US Leather pf. 034 034 014 03
S710Vabaih 7 74 7 74
81BW4baihpr 17 17S 10 17S
81 WflUFarExp.il 3 114 112 114
11(8 West Va Tel... 80S 674 80S 874
010 Wheel ft l.C... S 24 1'. 2
lOIBWChBirnay.103 1034 103 1024
8170 WnUn Beef.... 74 04 74 04
ExdlTldend.
Total sales, 807,314 shares.
HANK BTOOKR.
Ojrn lllah. Zoic- Clot-
Sattt. San: Ing. ft. f. Ing.
18 Banket Comm.ra.2084 2084 208U 2084
((Butch ft Drovers'.. 00 08 00 OB
1 Central Kat 108 108 102 108
83 Kait Hirer 140 140 140 140
(Fourth -....106 106 106 106
to Ninth 100 100 100 100
ICO Tradesmen's 108 108 102 102
SUNDAY, Nov. 28.
Tlio Treasury balance at tho cloao ot business
on Baturday was 9213,019,030, ot which 91BU,
0S4.Q40 was gold.
Tho Imports of goneral merchandise. Includ
ing dry goods, at the port of Nerr York last week
were 97,080,730. against 99.000,301 the pre
vious meek and 97,100.816 for the correspond
ing week of last year. The imports ot specie for
the week were $81,209, ot which 821.&2S nas
gold, making total specie Imported since Jan. 1
91&,8G2,201. Exports of epoclo were: Gold,
913,008, and sliver. 5017.040. a total of 9024.
081. against $911,008 tho previous week. The
exports ot speclo since Jan. 1 have been: CloUl,
920.101,868, and silt cr, ?lll,037,U0T, a total of
972,139.223.
The weekly statement ot averages of tho
Clearing House banks shows:
.Vor. 80. .Vor. 87. Changtt.
LOSBS.. ..85B0.170.100 soui.cn7.ooo Inc.U.0U7.00
Dspo.lt. 043,117,400 6011.881,000 Inc. 10.741.100
cimm. ib.vu.soo in.oou.ioo inc. lv.vuo
L'g'l I'M. H0.8S7.40O 83,373,800 I no. 8,884,400
BpKla.... 103,000.800 lOt, 100,000 lno. 000.300
Tll'vS.(184.187,e00 (187,8811,301) Inc. (3,338,700
Il.T. r'd 100.770,800 104.000,376 Inc. 4.1M0.OSB
(orpins (88,408,830 (lie.00U.9KB Dec. SS17.325
The surplus a year ago was 931,411,025 and
two years ago $18,013,300.
The lleorsar.Isatlon Committee of the Colo
rado Midland ltallroad gives notice that Dec 20
has been Oxcd as the lae t day for the payment
3t the assessment upon the 4 V cent, cumuli
ated mortgage bonus. Holders failing to pay
their assessment on or before that dnte n Ul for
feit all rights under the plau ot rooigaulzatlon.
Brown Brothers & Co. remind holders of Bal
timore Belt ltallroad Company's 5 V cent, flrat
mortgage gold bonds of 1U90 that Dec. 1 Is the
last day for the deposit of tho bonds under tbo
agreement for tbo protection ot holders. Nego
tiant certificates will be Issued against bonds
deposited.
A HOT OET3 HAD CHECKS CASHED.
Sammy Orecnbsrc tieta oarrom Hatrbar Llep
mis ana Burs fenuuu and mnM.
AbeLlppman, a butcher of 243 Kast 106th
street, w as complainant In the Harlem Police
Court yosterdny morning against 11-year-old
Bammy Qrcnbcrg, who lives with his father,
Jacob Oreenberg, a Bowery clothing merchant,
at 340 Kast 100th street. Uppnmn said that
on Out. lift Hammy came to him v 1th a $4 check
drawn on the State Bank In Uraud street, pay
able to bearer, and signed with tho name of
Jacob Qrcenberg, Sammy said that tits father
wanted It cashed, and Llppman gave the boy
94-
The butcher did not make any Immediate use
ot the check, and on Nov. 0 Sammy again got
94 In the same way. A few days later both
checks came back marked "N. Q." Llppman
went to see Oreenberg, and, upon being ques
tioned, Sammy admitted ha Ing bougbt largo
?uantltiesof bananas nud pcanuU for his boy
rlends with tho $8. Tbo clothier declined to
reimburse Llppman. Un Saturday night Llpp
man had the boy arrested.
In court yesterday tho boy's father said that
he would pay tho money next week, anil with
that understanding Magistrate Crane allowed
the boy to go home. Mr. Grccnbcrg said that ho
did not sign the checks, and that he had no ac
count at the bank.
Improvise .llsxlcau Uarbora.
Vkra CltCz. Btexlco, Nov. 23. The English
contractors who bare Government contracts for
harbor Improvements both here and nt Coatza
coalcos are making rapid procrrst with the
work at Vera Cruz. Over 'J.U0(),000 will bo ex
pended in building the jetty and nosrly that
sum at Coatzuioalcos.
(TjiunnctKL
REGULAR AUCTION SALE
STOCKS AND BONDS,
Tuesday, Nor, 30, at 12:30 P. M
at the Ileal Estate Kiehango ami Auction Koom,
BV to 00 Liberty St.
(Executor's tale.)
1 membenhlp New York Troiluce Exchange.
(For account of whom It may concern )
SB .hi. Automatic Vending Co , ( 10 ea. h.
BOO ah.. MUiourl, Kama, ft T.lai It. It. Co, (100
each.
(By order of Chc.ter C. slunrop. Receiver ot the
United State. Im-andeicent Uai Light Co.)
Letters patent of tin- United Ktatts. So. -.'fll.O'JO, So.
8HK,usn. And .No.W07.7e7.nll luueil to Charles
Clamoud.
Llits at Auctioneer!'. 71 and 7.1 Liberty fit.
TO TUB UOI.DRIU OV TIIK
Baltimore Belt Railroad Company's
5 Per Cent. Firat Mortgage Gold
Bonds of 1890-1990.
The Ilecelrer. of the I1ALTI1I01IE und OniO
RAILROAD COllTANV having announced that they
are unable to pay the Coupons or ths above men
Uon.d bondi, due thl. day, we d.em It Important
for the bondholder, that iter, .hould b. taken
promptly for the protection of their Intemt. by se
curing a control ot their bonds.
We therefore renueit the holders to deposit their
bonds without delay, receiving In eichange therefor
negotiable certlflcales to bo liiued under the term, of
an agreement lxarlng tills date, coplei of which may
bs bad at our respective oflleei.
VTbllit default may not be of long continuance,
prompt action Is deilrabl.. In order that wo may
know to what extent we may represent the bond
bolder., bondi should be depoilted wltb u. not later
than December l.t, 1BU7.
Henri. DROWN, BHU'LET A CO. will receive de
posit ot the bund, in London.
NOVEKDEH 1ST, 1897.
BROWN BROTHERS & COMPANY,
.ten lark and Philadelphia,
ALEXANDER BROWN & SONS,
njilttmore.
HENRY OLEWS & CO"
IUNKUtS,
11, in, is a iv nroad at.
Member.:
N. T. Block Exehange, N. V, Cotton Kxchangs,
N. Y. l'roduce tlxeiiang, Chicago IloanI nf Trade.
Ord.ra executed for luterluient or on margin. In
tereit allowed on Uepoilti, .ubjift locheukal light.
Act aa Financial Agent, fur Corporation, and In
veiton. C02 KIrTII AVE , cor. S3IB St.
tlr.orh Cm.J S? IlitUADWAV, Kllk Kx'ge RIdg.
Branch Offlcei H7 i,UDS(,.s MT.. Mrreanttle Jsx'g!.
I Id COURT HT llrooklyn
Kountze Brothers,
B?LTlkBlS
BROADWAY AND CEDAR SL, HEW YORK.
Buy nd make advances on Railroad, Munici
pal, and other Securities.
Draw Bills of Exchange on England and the
Continent, and make Cable Transfers.
BROWN BROTHERS & CO.,
no. an w.ti.1. nTitKsrr.
Ztttert Buy and wll bill! of exchange himtmeiit
on (treat llrltaln, Ihn Cnntl
f nvnt, Annralla. and Houth stturtllrm
"l Atrlea.niake cable Irauifera """' "'"
... of money and roller! loin of
Crallt. drum mi all ram of ths world
PHILADELPHIA, BOSTON, W&
ALL CONhtCTbl) BY I'lllVATB WIUE.
GuarantyTrustCo.
of New York.
NASSAU, CORNEll CEDA11 ftf rtCRT.
CAMTAli, ..... 84,000,000
BWiriA'S, .... 63,000,000
ACTS A9 TPCSTKB fort C0RPO1UTI0KB,
n9. AND INDIVIDUALS, ABOlTAnDlAS-,
XncUTOn, AND ADMI.NISTlUTOn, TAKES
XKTIRR CHAltUE OF IlKAIi AKD 1'ER.
BONAL EBTATK8.
INTiiRKST AliLOWED OR DEPOStTS
subject to cheque or on certificate.
STEnLINCl DllAPTS ON ALL rARTfl OV
annAT iiniTAiN nocaiiT and sold.
COIXCCTIONS MADE.
TRAVELLERS' LI.TTKRS OP CRKDlt AVAtt.
ARL11 IN ALL 1'ARTS OP TIIK WORLD. AND
COMUERCIAtj LETTEI18 OP CREDIT ISSUED.
XTALTEn 0. OAKUAX, PrMldent.
ADRIAN ISELIN, Jr., Vlr.-Pmld.nt.
onontiE n. TunxuuLL, 2d vics-rretiasnt.
MENRY A. MURRAY, Tra. and Dec.
3. NELSON BORLAND, Ami. Tress, and fisjo.
JDD.S OACLT, llm.crr Forslgn Dtpt.
DinEOTORS.
Bamuel D. Ttabcock, Cbattrs It. ITcndsrsoa,
Oeorge F. Hater, Adrlnn lulln, Jr.,
CeorgsB. Bondoln, Augustus D. Jultllard,
August Belmont, James N. Jatvle,
FrederlCCromn.il, Itlchard A. McCurdy,
Waller R Ollletta. Aleinnter II Ort,
Itobert Ooelet, Waller O. Oakrnan,
O. O. lUrcn, Henri- 1L Rogers, ,
Oliver tlsrrtman, (. UcK. Twomblj,
K. Bom.rs llajei. l-rederlckW.VaDd.rbllt,
William a Wliltnej.
LONDON UHANCII.
S3 L0MUARD BTREET, E. C.
. F, NaviLL Jackson, tjEcnKTAnv.
Buy. and sells tsehnngs on tbt principal
cities of the World, collects dlrldeods sod cou
pons without Charge, Issues trarellers' and com
mercial letters of credit, receltes and paje
Interest ob deposits subject to cheque at eight or
on notice, lends money on cotleterali, deals In
American and other Inreitmtnt securities, and
offers Us sertlces ss correspondent snd Snsncl.l
agent to corporations, bankers snd merchants.
Ilnnkrrs,
BANE! OP ENGLAND,
CLYDESDALE BANK, Limited,
RATIONAL PROVINCIAL BANC Of
V. ENGLAND, Limited.
PARR'S BANK. Limited.
Solicitors.
FRBSHFlELDS AND WILLIAU3.
London Committee,
ARTHUR JOHN FRAililt, CuatBUAsr.
PON ALP C. U ALP EM AN.
TiTlEGIMANTeE
AND TRUSTS
f 140 Broad wny, N'. Y.
nm. J 175 lleuison St., llrooklyn.
Offices -i x.K.cor.5btliSt.utid7thAve.,N.Y.
LlOO Vct 123tU St., N. Y.
CAPITAL, .... $2,500,000.
SURPLUS S2.000.000.
Offers its services (or the safe keeping nnd
judicious management ot trust fuuda.
Thu company Is la a position of great ad
vantage for the securing of mortgage in
vestments. It can render Invaluable service to thoso
vf ho wish their funds, of whatever kind, In
Tested In good mortgages.
The company acts as executor, guardian,
or committee ; receives deposits, executes
all trusts.
TBL'STKES.
George O. vnillann, John S Kenned.
Alexander K. Orr, William X. Ingranam.
Auruitul D. Jullllard, Charlei A. Peabody, Jr.,
Cbarle. s. Drown, James D. Lynch,
Lout. Wlndmull.r, Itobert Olphant,
John Jacob aitor, Martin Jooet,
Jullen T. D.tIm. IMnJamln IJ. nioke,
William II. Ilal., William J. Ruton.
CharlM It. H.ntl.r.la, John I). Hicks,,
rred.rlck Potter, Kill. U. Willlanu.
B. V. It. Cruger, Cbarle. Hatlack,
Charle. Rlchanl.nn.
CLARE.NCC U. KKLSEV, Prsildent.
FRANE BAtLEV, Vice I're.ldent.
LOUIS V DRIOlir, S.cretarr.
EDWARD O. 8TANI.F.V. Treaiurer.
hDWARD E Sl'RAOCE, Solicitor.
STEPREN P. NASH, Couniel.
Reorganization
IIP THE
PEORIA. DECATUR & EVANSVILLE
RAILWAY COMPANY.
Notloa Is herebx dren that the limit of time tor re
ceding deposits and paying tho lint lutallment of
ths aaieasments under th. Plan of Reorganization
dated October 1, 18B7, 1. extended to Decmber 1,
1S07, after whtoh d.to depoilt., If recelred at all, will
bs subject to such term, and conditions as may bs pre
scribed by th. Committee.
Holders desiring to au.ut to the said Plan of Re
organltatlon are therefore notlfled to depo.lt their
.ecurltle. with the Central Truit Company on or be
fore December 1, 1897.
On depo.lt of their fl rt mortgage Immli, holders will
recelre back Interest In cash at 0 per ceut. to October
1, 1897.
Ths Central Trust Company. Certificates of D.potlt
for first mortgage bonda ot both dlrlslons hay. been
lilted upon ths New York Stock Exchange.
IHUTOt II. nltOVTM,
niu.itit.uunra tTiiiTK.
KDtVAMD II. I.AIII), Jit..
ItlOrtTO.I H. PATOV,
CU.tni.BI A. PKABODV, Jit.,
Committee.
Norember 18. 1897.
CITY OF NEW YORK
31 Per Cent.
Gold Bonds.
rtitTiTtiMi loin to mar.
EXEMPT FROM TAXATION.
FOR BALK 11V
Vermilye & Co., Kulin, Loeb & Co.,
Nas.-tn I'lne BU. o.. 37-IO Pins St.
SPECULATORS
WILL Ixi Intrrr.tod In our MARKUT I.KTTElt and SIX
DAVb Willi KI.NO COTTON, either ot which trill U
sent free on reijucit,
KTUAIIT X IAI1MCK,
UtMiMIt AMI IIIIIIKFUk,
BB imOADWAV, 1 Kvv. vnnir
H50 llltOA 1) WAY, fMK" OUK-
BOSTOS, MASH , PHILADELPHIA, PA.,
AUCS IIUILDINU, DCT7. I1U1I.UINU.
WAblllNOTOS, D C,18U3PST,.V W.
H0LriE5tS:Cd
til IIIIOAIIWAI. W.W lOllli,
Membrrs or lln lm ork nturk Ki-rlnktttfc,
Reoolr arrotinti -ftnd drpostti of flrnii, lnillTiauali,
to . ami fclloi-r lnlrtt on ilntlj baUueei
Huy auU fll for oah, or rsrry nu marslti at low
Mt ratt-HOf Interftt on thu Nrw York, HillaUHphla,
IUtnn, ami rblcao bttn:k nxebauget, btockii, UodUi,
Grain, Cotton, etc.
Ilraurh ORlcm Ilumnau Ilouae
HAVEN & STOUT
1 NaBsnu Stroot, Cor. Wall St.
( Nr York Ktt k F-icl.uge,
UF.MHr.HS OK I Ntt York Cuttou KsrliaugQ.
f Chlraxo Iiarrt tif Tradf
Ordr executed ou tho aUive Kxelianfcea In
BONDS, STOCKS, COTTON AND GRAIN.
eftoRHClM.
TO HOLBBIta OF
Central Pacific Railroad Go,
a I'cr Cent. Ilontia,
lil'K into.
In Tlei uf the maturing claim of ths Unltsd
latei agiintt the Central Paelflc Railroad Com
pany, y deem It Important that th. holders ot
bonds f the above Isiue ihould whits In ohlet to
secure eCTiMUe rrpreientatloh of their commit In
terest Holders at a large amount of Central Paclflo Pltst
Mortgage liondi hare already combined, and numer
ous itockliolclera of the Company hits Intrulted
their reprrnentntlon to a Committer.
f A Bondholder' Airremenl, dated October 1, 17,
bsabeen prepared, sshloh cnftterS rtpon ltthrlh
to reprrient depoiltef Uund,, and to take any steps
necesiary for the protection of thi right! of ths
Bondholder; aim to represent lti uepoklUd Donds
In connection nlib any rcadjuitm.ht ot tb Bonded
Iebt ot the Central Paclflo ltallroad Company, bat
subject to ths flnil spprorsl ot drposltlni Bond
holder.. Kochargosrlllb.m.le to D.poaltlngUondholdSra
for our service..
bepoilllng Dondholden will rrcelro temporary rs
celpti, excbMiirenble. for engrated rertlfleatcs Of de
posit ot )ler Speyer Co. of New York, counter
itgnert by th. United State. Trust Company at New
York, a. cuitollan. Application for lilting tcei.
certiorates "111 be made to ths Nssr Y6rk, Berlin,
snd Amsterdam Stock Exchanges,
Amount! lullected tion th. coupons appertain
ing lo deposited bondi will bs paid tn holders ot
rerlltlratei, and such payments will M stampad
thereon.
We invite Romlboldert to depo.lt their bonds on or
before iir.t i:unrn 1, imot, afisr whloh data
bonds vi ill be recvls ed only on sueh term, as ws may
herrotlrr determine .
Dondimust tarry the coupons das April 1.1818,
and all subsequent coupons.
Copies ot the Bondholders' Agre.m.nt can bo ob
tained at our offices.
Hl'KVKIt & CO.,
ISBtV lortK,
DEUTSOIIB DANK.
JBRMV.
TKIXIUItA DE MATTOS IlilOS.,
AIMSTCnu!)!.
October 9. 1HU7.
MERCHANTS'
NATIONAL
BANE
OF THE CITY OF NEW YORK,
4:Q 'VsJall Street.
CAPITAl , 2,000,000. SURPLUS, $1,000,000.
Deposits, $15,000,000.
FOVSDED, 1803.
186th ConteeulWe Sml-.'t iirnml UlrlifrnJ
Urdu led July 1, 1807.
OFFICERS :
Itobert 11. UnltaTtai, Pmldsnt.
FlberlA. Ilrlurkrrborr, Ice-Prettd.nt.
Jo.epb W. llarrlmnu, Cn.bler.
ausucl 8. Cnuspbell. Anlslant Ca.btsr.
DIRECTORS:
Jobn 1. Mxnarl, Pre., t'. a. Trust C.
Elbert t. Ilrlnrlif rhoir, Capllall.t.
Ctiaa. stvssartllmlth, Merrhanl.
Jacob Wrndell. Jacob Wandcll A Co.
Ilnalar II. Hchvrab, Uslrlrhs A lo.
Iloanld Martiay, errally c Co.
Itobert l. ;allanay, PrMldrnt.
tharlM II. Ulcbey, Jr., Brovrn Brotker. A Co.
Ilrnrjr IV. Danka. Henry IV. Banks A Co,
Uvonrei Mhrrmais. llce-Pm. C'ea. Tr. Co.
Kdrrnrd llolbrouk. Proa. Carruau Mrs. Co.
THE STATE TRUST CO.,
lOO Broadnar,
Capital and Surplus, $1,800,000.
Acta as Trustee, neflslrar. Transfer and Fll
eat Acent or Corporation., aod as xesutar,
AdnlBlstrator, Tru.tee. Ouardlaa, and Commit
toe or Ratate., Igal Itsposttory for Court ana
Trust Puod.. Takes Vnll Cbnrre oT tual aafl
Paraonat Batatoa. I atoroat Allosved Oeao.lt.
FKA5CI1B. HANOS, President.
w: fc VSEIF" I viprid.
MAUr.ICE 8. DECKER, Becrstsry.
U. M. FltAKOIS. Treasurer.
II. B. BEKRY, Trust Officer.
TRUSTEES.
Willis S Paine, ItsarTEuers,
nenry It. Conk, George W. Qulntard,
Charle. K. r Hit, Forreit H. Parker,
w. L. Trenholm, Charles Bcrlbner,
William D. Kendall, Charlse I. TltTany,
Walter S. Johnson. George W. White,
Joseph N. Hillock, Perclrat Knautb.
Kdwln A.MrAlpIn, rranels B. Hangs,
Audrew Mills, Francis Lynde Ktetion,
William A, Nash, Thomas A. Mclntjr.,
Oenrae Pinter Peabody, Edward E. Poor,
J. I). ProUt. Anion 9. McCook.
TRUST CO
231 Firrn Avn.. con. 37rn bt.
BRANCH. 00 BROADTf AY.
CAPITAL 81.000,009.08
LEOAL DRPOSITOnV
For Slate, City, and Court Moneys.
Interest Allow rd on Time Deposits.
Checks passed throogh N. X. Clesrlnl-honse.
Act. ss Executor, Ousrdl.D, or Admlnlstrstor ot
Eilatra, and as Receiver, IUgt.trar, Tras.f.r and
Financial Agent for States, ilallruads snd Corps.
rstlons, Sepsrste Department wltb
Rpeclal Farllltlea for Ladle..
nonnrtT maclat. Presid.Lt,
CIIAIILP.S T. IURKEY, Vice-President.
JOSr.PlI T DROWN. 2d Vice-President.
PRF.D'K I. El.nnipon. Becrstsry.
J. HEMtY TOWNSEND. A.i't fjeerstsry.
Manhattan Trust Co.,
c.uuTVLLi.!!.;:..f.obo.ooo
Autborln-d tn act a. Kivcutor. Adailnl.trator,
Guardian, Ucc.trer, or Tru.tee, and Is
A lioaal Depository for Money.
Truitee of Moric.gr. of Corporations, sbd Trass
fer Agent and Iugjstrar of Htocka and Bonds.
Inlorr.l Allowed on Deposit..
subject to check throogh .New York Clearing-boos..
JOHN I WATKnuURY, President.
John Kf.am, Vice lrea. Auos T. PasSNCii.VlcoPres.
CiiariehII. huiTil, Oc. and ireasnrsr.
T,N',DuA!K,Ain'taec.,TiiAvaaltoBB,Ass't'lreas
Directors.
Auru.t rtelmont, John Ken.
II, V. Cannon, John Howard Latham,
A, J. Canatt, John O Moore.
U. J. Cms.. E. I). Randolph,
ltudulph Kill., James (, Hbeldon,
Amoa T rp-nrb, Hsrauel Thomas,
John N A. (Iciswold, Ldwnril Turk,
II. I, lllgglnann, Jobn I. Waterbury,
W. I' I la mmoD. II T. Wllaiin.
Colorado Midland Reorganization.
Notlco Is hereby given that DEI KJiBBIt 30TII,
IMOT, has brrn tlxed as tho laat day for the pay
ment of assessment, ou Four Percent. Consolidated
Mortgage Ponds, and bondholders fatlloc to pay their
aasesimrnti on or berorr ..Id date vrllt forfeit all
rights under the plan of reorganization.
New York, November SSth. 1897.
ritEIIEIIIC P. OI.COTT. Chalrmaa,
l-IIAIIMn f, A1KII,
JOIN . JSItVIK,
(iPIHII.K SIOSI.P,
t 11.1,1 1 i u, nATiinoMB,
WILLI IM D. SI.OtB.
Coiumllt...
OSCAR IiUNKIl, Secretary,
4 1 Wall Hlre.l. New York City.
100 nitOADWAV. HKW VOItll,
05 anr.siuM st, London, k. c,
CAPITAL ...$1,000,000.
UNDIVIDED Pro? TS. $200,000
Authurlsril In act u Truster, Uunrdlan,
A.aicnre nml V rnl Aarut,
All mnaervotlte tru.t raiv.pn'iy buslneso
accepted.
HAML'RL Jl JARVIS Preildent
R0I,ANI) It CtlNKM.N r .1 l'IIAPPP.1.1..
li Pii'slileui IuJ'in Tip.iurrr,
b. r. iiAiini:iir. s 1.. cosKi.iN.
Ijndun SerreUrv Secretary,
LOCOMOTIVES.
Richmond Locomoti.e and Machine Works,
RICHMOND, VIRGINIA.
HIMl'l.r. (IH rOMIHifSD l-"t OMOTIVO TO THFIH
OWN DF.Mll.Sh OP. TO hl'hllHl ATIO.S'W
Rlodrrnly roulpuerl aliopa.
Auuuol cupai-lly SOO locoaiollvos.
Terms made aall.rarlory.
t'orre.po-deace Isllcltaa.
i
r . - ...
efinntu-tat.
jxxy.'i.rv.f- tiJ1i--i n.nn j-jj-onji-u,wre.t'rr,wirr m M Ajfceai Vjeaaisssssssssssss!
THE AUDIT COMPANY 9
OF NEW YORK. I
tJai-llaMc BttlirJInci t20 Droidw7. t'.H
oaoaB
Acting Preshlmt, Mi e Preildent, Hsaaai
AVIlL'nT III I.MONT. WILLIAM A VS.S1T. ''''H
Managrr, Chief Consulting AmtltM : ifoH
TIIOMA-s I, Olirf.NT.. HTKI'IIRN LITTLE. aoH
(' insult'nt Lnallie'r. .saal
WILLIAM IIAIICLAY PAP-tONH fH
Chief of Corps of rnj'rs, Secielarr enl Tresxurer, 'AoaaH
HKNin II. nt'.AMAN LtlWAllI) T I'l'lUNK. KH
i)ii!i:nona Ilol
August llclmnnt. A. .1. rnssatt, 'fisM
FrcdBtlnl'. Olcolt, Miu-cellUH liarttsTi JSnaaH
James Stllllllnli, Clmrlcs it. Flint, t'ijfsaoi
WllllninA.Na.il, tlcnrirn Cnnpell, .M
Joscpli S. Auerbtcb. (1. II. M. Ilnrtrr. sH
Uconrc tl, llnvon, .lolin I. Wntcruurr, JkoIbH
(Icoriro V, Yuiltii; saoH
ADVISOtSY rOMMIlTKK ''fll
ot Stockholders. ''1
W.llayard Cutllnir, T. JcITi rsonCoollilire..TrN 'H
Wnlirr.l. Oalnmn, Clmrlcs falrchllil, i-loH
A. .1. .lilllllnM, (itislHi K. Ktssal, IH
ItOlit) W, Tool , I nit- N. Snllpnan, 8?aotV
liOutsl'ltritcnilit, ltolictr Mutiny, SsB
Tlio Audit Cninnaiir cniiilnos and pa- '!iB
ports upon tlir aciniint and financial 'lilB
catidttlotiofmrnoi.itlnn.. iniinrtnrrotilps, J'H
and ImlltliliinN, anil i-iniliir nml ro- k3H
ports upon the MijkikiI ruiullllon nt rail- if'H
road, uianiifncliiriiiir, and oilier prvipor- HsiBI
ties, nW
Its scrtlcrsntc of snliiti In Inventors, i.oli
flnniivlnl Instllutinns, tnrroers nt aoBl
moncT, illrcctors ot coriuii-itions, nier- Feaoal!
cliHnts, linns, nnd iiiiraluisurs of prop- iHI
erllo. f H
39 CEDAIt STKHET, NEW Y'lltK. 'oH
CAPITAL SM,n01,O00. .V'sbH
St'UPLI' 1. 100,000. fH
Transacts a l-nernl Tru.t llii.tneaa, lol
Acts ns Trustee, Itra-lsirnr, nud Trnusr-r oiiiH
ocnl; Uxrrutor. tiuardlnn, Ailnnulsiru 'Xsjal
tor, Ac Takes s-ntlre rtinrao uf ltt-nl nnd -'1
Personal PetnlFs. Acta ns Kl.i-nl Acent tnr 'lol
Hint.., .Municipalities, nnd t'orpulnllfiiU. ' f.aHl
Lrcnl Doposltnry fcr Court nnd Trujst HaVI
Funds. Inlereat allosvcil on IlupnslM. IfoBj
( hecko pass through ttio Ncsv York ( lcn,r "'iH
lusT-llouac. ?tone) louncd un bond aud oH
mortsaae. Issue, first .Mortcnso Trust 1I
Gold Bonds. losH
OPI'ICKRM. ooH
Menrsie V. Young ..... President oH
l.ulhrr Uouutic . Ice-President ooB
Jimoi Tlmp.on .. .. 'Jd nc-l'n'.ldent r !"
Artliur Turnbiill .. Treasurer
Wllljnni.P. Llllolt rrretarr lM
Clark WMIUm. .Ait. Trea.urer ;ol
ttlcbard .tl. Uurd Ass . Secretary t aoH
DIULClORis. ''bV
Samuel l. Uabcnck, SoHf
Dumnnt Clarke. tlu.ts- F. Kltael, SsakB
t'harle. l. Iilrkey, Jr., Lutbei hoontie. alW
William P. Dlion, Chorllon T, I enl., . JH
Darld Duns. Jr.. Richard A, Met'urdr. tK
Robert A Urinulii, 'I heixlur Mnrfo d, )
(1 (1, listen Jr, Ilidrt Olyphant.
Charle. It Henderson, Charle. M Pratt, J'oW
James J Hill. Jame. Tlmpmn. H
tlardlner Ullubbird, George W. Young. fiflB
Baltimore & Ohio fl
Railroad Company. II
A Clrvular addraued tu the holder, of the Conloll- VoB
dated Uorlgage Z per cent (luld llouds of the above a-ofl
Company, due lUSs", derailing the iiricocdlngs taken 'o
for the prvtectluu of the tuterr.t of tlm Ilondholders, &B
and calling for a deposit of the HunJs In order that Jto
these Intereit. may bo effectively represented, haa ?4oH
been issued In Kevr York and Lnuduti. under tht.date. jH
Copies of the Circular and Bondholders' Agreement, M
ogsthar with statement furnished by the Receivers fl
may be had upon application to elthir of thu under- Afl
signed. 'H
.1. 1. MOIttJAN & CO. W
imowN nitoTHKUH & co. .
HAIUNC, MAGOl'N & CO. 9
NEW YOIlk. lltNuv.mbt-l, ISU7. ffl
iSCT"&TlNDLETON; l
45 BROADWAY. ;l
( N. Y. Stock Exchange, 'M
. . " Produce " U
Members of cotton " 1
" Coffee "
Exceptional Facilities Offered for 'I
Dealing in Cotton. jl
fflgS Grade Investment Securities, J
siiTAui.K iin fm
TRUSTEES, INSTITUTIONS, AND !
PRIVATE INVESTORS. fl
ron sale bv tim
BEDMOHD,KEiRG0.9 I
BAKKEIU AXD BOVD DRALRIU. jl
Member. K. V. and Plillo. Ntnrk Rarbanaea. ';
I.llt of current offering, sent upon application.
41 Wall St., New York,
3D Cheatnut HI.. Phllndelpbla. 'n
Government and :i
lliuilivipui uuiiuo
BOUQHT AND SOLD.
APPRAISKUKNT MADE Oil QUOTATIONS FOR-
WISHED KOR TI1R PURCIIASP. BALE. OB U S
CUANUE OF ABOVE SF.CUIUT1KS i
LIHTS ON Al'lUilCATION.
N. W. HARRIS & CO., 1
III NASSAU ST. tnank of Commerce nulldlng.) "
W. CHAChOEY rLOYUTo.NtH. T" MMnuer, k. Y.
WILLIAM ItOBISO.V, 5 8IOok E"h- '
FLOYD-JOHES & ROBISON. !
18 WALL ST,
Stocks, Bonds and Investments.
gHrTiinidirnm. 2fntxtx. I
orrics: or wkijihaiii iiMisintciAi,
t ISII,11.
4D Hull HI., f" lorb, usemli.r 11, ISSI,
The directors lisro this ila ilrrlarnl lusrl.fly
dividend of rM) (VI PKIt CK.N r, An 111. preferred j
atock, payable ieceiiiln-r lb. 1MJ7. tnsicHkholderi of V
record at tho closeof buslncas Nf),emWr llo 1MH7 y
Transfer books or the preletrnl slik will l oloseil I
from IleeemlH'r lit tn Iinvnilr I", I""?, bull la ,,l
ciuiit.. Check! will be mnllnl '
KDWAltl) ( l.fcl, Treasurer. J
MIMlll III. Ii A IMts ill. III.. n
4.'. V ALL bT M'.W VOltK, .N." SO. IMT. jl
Couixm. of the Ursi si.irmiim- Honda uf the 'i
MUiourl, Kanian ft leias lUllwnj I oiiipmi) lualur,
IngDrr. I, IHH7. will lie pal t ujion pnseniallc.n at '
theofflre of the Company, 5 Hall Mret, on and t
after that date. C u Ill-IHIK. i
Ice President and Trraaurer.
FPit r 'sUTirnit i't iru t isii'ii, -f
S3 IIIIOAltST (Mll.l lltll.lUMi i i
Coupons due Iieeemlirr I I hut froiu the following i
bonds will Ik paid ill thlsofiu i nml after tl at dstei r'
Oalreston, llarrlslnirK an 1 Man Anionln ha.ternl'l- '1
tUIou, Hecoud niurli;..'!' 7 ln-n "t 'f
S 1 -MITII Trissurer .
fpffir Pt'Tll l SA I.Ol.l' MIMSH VM MII.I.IMI 1
JLl'OUPANY has dm hired lla lltle nth niliwiltlse
monthly dividend of TFN CI ."JTH a eliare. pajahl
Nor. fit. altheofflrenf Ilia I oinpanr. Hrrmla ay. f
Hook, close Nov 1(7 and reopen I." I, 1"7 f
II I IIAIIIHN I Treasiirer
wisjikiimiiTsTaIitT ll l It. II. . '&
Coupon, maturing ! 1 INu. from boads uf ino (
UlnneapidU A t Loul. Itallrnail t iMnpauy will J' , I
palJ on au,l alter that date iipmi pr .miib tun at no ,'
omeo or the Cent rail rust Co i4ttlM Nmork !
I. II HAM, 1lfurer t'-l
r
Clertiom nmt aUrftin. ,s
rpilK AKNt'Al. MP.r.TIS'nr llieHtool. alll Inwnn A
X. Ilondholderi uf the I'l.ler and Ihsiawarr It ulru. I H
Company, will beheld at II eurtli nof ilieCuiiipany at U
Ilondout, N.Y Tuesday lmeiiilei lib. v.. at 1 J
n'eluck P l for the iur e "fell thu tlilrlieii dl 1
rector, and thre in.pe tor le tmu 'r tlm en I
aulng year uml fur tlw irin.n !!. ' si ti ihr
busliiees a- ma v pme In fori the
Il.Kil, liunluui, N H , So . I"ii
II i k i" i roiary,
A"-" IKF.TIMIforlhopurie 'f el ' l" .Ir.clor. of
lli Metrmxilltau l.liv Mu u in.uraui Cons
tany will lw held at the cuMiiaiiy' oltloe. No. 41
aloo Sauare, on Use. 'i. 1 id T. at I K u'rlnck U.
11 WU.UAllkKUJ.I're.ldSBtJi
'1

The sun. [volume], November 29, 1897, Page 7, Image 7
About The sun. [volume] (New York [N.Y.]) 1833-1916

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The sun. [volume], November 29, 1897, Page 7, Image 7 About The sun. [volume] (New York [N.Y.]) 1833-1916

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The sun. [volume], November 29, 1897, Page 7, Image 7
About The sun. [volume] (New York [N.Y.]) 1833-1916