The New York herald. [volume], April 28, 1878, Page 7, Image 7

About The New York herald. [volume] (New York [N.Y.]) 1840-1920

Image provided by: Library of Congress, Washington, DC

                
10 CONFIDENCE.
Troubles ot the Teutonia, Ger
man and Dry Dock Banks.
nervous depositors.
The Teutonia's Trustees Offer to Wind
Up Its Affairs.
PANIC IN PROVIDENCE.
Disastrous Failures in Massachusetts, Ohio,
Micliigau aud Louisiana.
Anxious to Head Off the Repeal of the
Bankrupt Law.
The ran on tbe saying* Dank?, whioh lor a' tlmrf
tbroaleued to become geueral, baa loriuuaiely sub
sided, and a lew doya, li la said, will aeo tbe end of
the troubles, wltn a loss ol Intcroal totho depositors
who were foolish enough to draw their money and n
corresponding galu to the batiks. The contro ol ex
citement was at the German Savings Bank, cornor
or Fourteenth atreet and Fourth avenuo. The
sixty-day rule has not been enforced thoro,
and It la not tho Inteutioa of tbo officials
to enforce it Although a greator number ol
deposltora drew their money than on the previous
day, all wero paid Id lull. At the Dry Dock Bank
there wfre not over a hundred callors?more than
ueual and much loss than tbe day bofore. The sixty,
duy role will be enforced or some dara to come.
In tbe case ol tbo Tcotonla Savings Bank Judge
Westbrook reserved his decision in rogard to tbe ap
pointment of a receiver, the trustees having oflored
to close up tbe bank without this unnecessary ex
penditure. Tbe other city banks were not affected Dy
(be recent troubles.
. THE UKRXAX SAVINGS FUNIC.
There was Increased exoitemont at tbe German Sa
vings Bank. Beloro 'the doors were opened a largo
crowd ol depositors bloeked up tbo sldowalk and a
poitiou ol tho street. The female element largely
predominated. When the doors wero uubarred the
crowd rushed lo, almost completely filling tho space
within tbe building and presented their boons. Tho
?cene was very disorderly. Over three buudred per
aons wore presont at eleven o'clock. They were be
ing paid with interest to January 1, at tbe rate of fifty
per botir. It was Impossible to pay off all that came
beforo tbo closing hour, and many will have to wait
till Monday. Tbe reason for tbo great number of
persons withdrawing their money, and for the con
tinued run, Ilea in tbo non-enforcement of tbe sixty
day rule, wbicn, aa id tho case of tbo Dry t>ock,
would keep away tbe larger depositor!.
Mr. Philip Uessinger, tho president, said that it was
undoubtedly (tie (allure o( the sixpenny and Toutonia
bsoks which bad shaken oonOdeoce in and caused the
run on thoGormau Bank.
Mr. George F. Amtbor, troasnrer ot tbe Institution,
?aid that they were paying all depositors who called
for tbetr money in lull, and did not intend to enforce
tbe sixty-day luw. lio tbougbt the excitement would
die out early next week. The liabilities ol the hank
were, on January 1, to 26,472 depositors, $10,000,661 so,
with accrued interest to January 1 ot $210,003 05,
making u total o( $10,883,264 55. The assets wero
$11,408,445 81. leaving a surplus of $010,181 20. Of
these asset* about $5,000,000 could immediately ue
turned to to cash. There are in bonds and mortgages
$4,224,744 28 ou property which is valued at over
$13,000,000. Tbe banking house U put down at
$460,000 and the real estate at nearly $115,000.
At tne ruto ot $150,000 a day the bauk could staud a
run ot thirty davs before aailtng lu tbetr mortgages
?r disposing ef their real estate. It is estimated thut
over $200,000 have been drawn from tho hank since
the run was begun. When asked how much had
been paid out Mr. Atnthor refused to give any par
ticulars, alleging as a reason that "the people might
uot comprehend taem." He acknowledged, however.
Hint 300 people called tho llrst day. As Uiere were
tno same number yesterday, matting ? greaior num
ber than at the Dry Dock, where tbe sixty day rule
was enforced.
TDK I)UT DOCK SAVINGS RANK.
At the Dry Dork Dank there were about one hun
dred callers during the day,*but uot tnvre lean twenty
at any ono time. The bosluoss weut on ns usual, and
quite a number ol deposits wero made. Seats nad
been preptrod fcr tbe expected crowd, but no crowd
came. 1 be run here is regarJed as virtually onded.
Mr. Webster, the secretary, said that $50,000 had been
paid out on Friday. Less than a third of that sum
was paid out yesterday. President Mills was graiitlcd
In receiving u lottor from Mr. Henry L Lamo, Bank
Superintendent at Albany, congratulating him on the
dying out ol tha troubles, sod highly approving bis
course in enforcing th? sixty day rule, Both tbe tier
man Savings Bank sod tho Dry Dock wore open lor
business Irom six to eight o'clock last night, und all
who called lor their money wero paid off with prompt
Bess end despatch.
THR TEUTON I A.
All was quiet around this bunk yesterday. Mr. St.
Joun and an assistant remain still in churge, no re
ceiver having boon appointed. A hearing was had
beloro Judge Wcstbrook, ol tbe .Supreme Court, in
tbe Court llooso at Hudson City, ou Kridsy afternoon,
?t three o'clock. The altornoy for tbe Teutonla Sav
ings Hank appeared and admitted tbe substantlsl cor
rectness of tbe report ot tbo Dank Exaintnora The
Attorney General also appeared and moved tho
ep|K>loiment ol a receiver. lie conceded that
tno bonus Issued by tho towns of gluten
Island, ol wlncb tne bank ho represented be <1
$10U,!MX>. wero valueless, as tho Hank Sapertntendcut
claimed In bis official communication to the Attorney
General. He alao conceded tbe insolvency ot the
bank, and did not oppose the appointment ol a re
ceiver. Tbo Hank Superintendent had uinde personal
Inquiry ot well known residents of Staten Island rs
speciing tbo validity aud vaino ol tbe town bonds is
sued by towns on that taland, a portion of which wers
beld by tbe Teutonla Savings iiaok as a stork Invest
ment. Tbo uniform opinion was that such bonds
were s^ortbless. This inquiry was mado alter tbo
receipt ol tbe report ol tho examinerc, and fully
sustained tbe same *ln respect to tbn bonds
reiorred to. Counsel intorposod u#opposition to tbe
continuance of tbe injuuollou, but assed lor tne post
ponement of the bearing In rogard to the appointment
ol a receivor mr one week, ile said there was n caso
pending in the Supremo.Coort to obtain Judgment on
some or tbe bank's town bonds ta wntoli a lavorsble
deoision was expocted. He also said that the trus
tees were willing to take charge of tho bank's aflairs
end Cluee it up without costiog the bink a cent, ila
did ibis In the interest of depositors, as tbe oxpenscs
ol a receiver would be very heavy. Judgo Wcstbrook
reserved his dects on.
It is claimed by people who say tbey nre lamtllsr
with tbo ullatrs of tho bank that II a receiver is ap
pointed at least eighty per ccat will be p*id back to
Ibe depositors. On ibo other bsnd, if tno trustees
are allowed to close It up Ihey expect to pay dollar lor
?oiler.
Some fear was expressed ibst tbe panic might ex
lend to tbe Bowery Sivmps Hank, but all was quiot
inert.
A SAYINGS BAKU PANIC IN PHOYIDENCE?
DEFOSITOU8 excitedly withdrawing mokky
AMD LOHINO THKIR INTXBS8T?ENFORCING
THB SIXTY DAY RVLK.
[BY TELEOBArH TO TUB HERALD.]
Providrxcb, Jt. L, April 27,18*s.
Tbe excitement which bss prevailed In ibis city
einca tbo Fall Hirer dedications, and which
csme la s bead yosterdsy In tho action ol
the Mecbsnlcs' Ssvlngs Bank In deciding to en.'orce
ibe sixty dsy rale for paying oat deposits, bus been
Intensified to-day by other rumors of troubio with
?ur city bsnks. These rumors naturally hud tbe
?fleet ol exciting tbe public tnled snd shaking the
general conOdenco even in tbe strongest of our
moneyed institutions.
srsrs.xsio* or Tits pancoao hank. *
Following tho reeent saving bsnk difficulties In Psw
tucket and in Newport emno the news that the i'as
cosg Savings Bank, of Barrellvlilo, had temporarily
suspended, and tbe Supremo Court ol the State this
morning gnntod an Injunction restraining that
Insulation from paying out money or roceivlng do
IwilU, Governor Van Ziudi nppoitited Alexander
'armim, Albert L. Say leg and Josnun Wlliitir, a Hoard
ot t onmussioners to Investigate the aff ilrs of the
bank, l'ne result ol this state ol affairs Is thst to-day
there bes buen a general run on all the saving insti
tutions ill the clly; and to Illustrate tho unneutral
aisle el exottemenl wbtch prevails, some ot tbo oiliest
snd soundest banks In the city arc selected lor the
lorgest wnhariiwitl ol deposit*.
r\rom iNU tuk sixrv ?\V RtJt.lt.
Tlii Jsck>ou I iistiiuiion ot S?v ugs paid a law ol tho
depositors w no wero there wlieu tno doors opened
Hits morning, and then tue treiifurcr, seeiug s lung
line ol depositors waiting to draw out ihetr money,
nsnoonced that tho trustees Itsd decided to require
tbe ususi notice el sixty days. A gentleman, con
jutte* wtUi UMOitLProvitlciK* laili^iiouM
??formed the Hsaltn correspondent to-'1av tbat tliey
ware prepared for a run from now until next autuiuu.
DEPOSITORS TUB OKEATKST LOsKKM.
He reporu that tbey had an abundance ol cash
that they could not invest to advantage, aud that they
would save thousands 01 dollars In interest by tbe
present excitement and withdrawal of deposits.
Bom A of tbo other savings instu uijous, while they
may be equally sound, are not prepared with ? largo
surplus to stand so long extended a draiu on their
treasury. Tbe Union Sartors Hunk to-duv decided to
requlro tbe charter notice of intention to withdraw.
Tho Itbode Island Institution bss tor some days been
requiring notloo from large depositor*.
SIHI'LT A WANT or COStNDBXCE.
The tears expressed by those who are best ablo to
judge ol aueb matters, that the large withdrawals of
money by persona unaccustomed to us care will sub
ject them to tbo attacks ot thieves and sharpers, and
tbey will learn that li bad been better to leave tbclr
money on depoalt In banks. The trouble appears to
be there Is a eort of a panic which seems to
a(!ect tbe whulo city, and beyond the lew who
understand the principle upon which these Institu
tions are cooducted and tbo care exercised In invest
ing deposits, there is a widespread waut ol confl
dnoce. Tbe last annual statement ol our Bank Com
miaaiotier published show* tbat our savings institu
tions generally have been well managed, upon sound
principles, aud are it* a healthy, solvent condition,
many ol Ibem with a large surplus. Perloriulug
their usual functions, undisturbed by panic among
depositors, they would pay a 'lair rite ot interest.
Somi-annually tbay disburse such sums upon call aa
are usual to sueh Institutions and payevory depositor
In lull, principal and lutcrast. With very lew excep
tions ibis is the siaius of every savings bank lu tuo
State.
But tbo troublea In Fall ltlver and the general
?baking ot conOdouce caused by tho defalcations
there lutve croatad a panicky feeling tbat may prove
disastrous. Tbe batiks nuvo not yet made out their
statements, but wbeu they como' It is expccicd tbat
tjiey will bo satialactory. Ileal estate has depredated
to rapidly tbat ol course the banks which hold liiori
cntes will sutler If compelled to sell, but tbe hank
officers express themselves aa fully able to pay dollar
lor dollar il gtvon proper time.
LAROE NUMBER OF FAILURE8 IN OHIO?NOMI
NAL ASSETS.
Cincinnati, April 27, 1878.
Tbe following petitions in bankruptcy havo been
'filed:?
B. P. Hlnman, broker, Cincinnati, Liabilities,
$700,0U0; aaseta, $358. Nearly all tho orodltors
reside In Cincinnati aud Cblcago, though $10,000 are
held by tho estate ol W. P. Blodgott,, New York* and
$10,000 by a i\ Wilt IB, Boston.
James Ballard, merchant, Atnens, Ohio, felled this
morning. Liabilities, $60,000; assets not slated.
William Clark, Martins' Kerry, Ohio, Liabilities,
$137,000; assets, $28,C00.
Henry Wagner, Bond Hi!!, Ohio. Liabilities,
$15,000; assets, $2,000.
Samuel Gourteo. Cincinnati. Liabilities, $36,000;
asaele nominal.
Benjamin Bruoe, Cincinnati. Liabilities, $44,000;
assets, $33,000.
Krnuk Baird, Locsn, Ohio. Liabilities, $10,000; as
set*. $10,000.
William Owen Sc Co., jewellers, Cincinnati. Liabili
ties. $19,000", assets, $18,000.
Simon & Elliot. Wyoming, Ohla Liabilities,
$24,000; assets. $3,300.
C. O. Barkwell, Cleveland, Ohio, pork dealer, felled
today. His liabilities amount to $80,000 and bis as
sets to $14,000.
THE MATTHEWS BANKRUPTCY IN BOSTON.
Bostok, April 27, 1878.
The creditors of Nathan Matthews, who in 1870 was
worth from $0,000,000 to $7,000,000. have petitioned
him Into bankruptcy. IIr. Matthows has been an ex
tensive operator In real estate, and bis failure la prin
cipally due to the enormous shrinkage in tbat class of
property during the last fow years.
Judge Lowell bas dismissed tbe petition, with tbe
consent ot the creditors, finding that Nathan Matthews
bad not committed an act ol bankruptcy.
FAILURE AT CXNTBIANA, ST.
Nasiivili.s, Tenn., April 27, 1878.
B. C. Wberntt, Cynthuua, Ky. Liabilities, $31,000;
assets, 26,000.
BANKEUPTCI IN MICHIGAN.
Dktroit, April 27, 1878.
Joseph S. Tuttle, lumber and leather dealer, of
Nile*, it lob., filed a-voluntary pelltltion of bank
ruptcy to-d?y. Hl? liabilities amount to $06,000 and
assets to $65,000. His secured liabilities are $31,000.
VOLUNTABT BANKI4C PTCY IN MEW ORLEANS.
Kbw Oki.kaxs, La., April 27, 1878.
W. B. Krutnbbaor & Ca, proprietors of tho Penn
and Kentucky cottoo presses, tiled a voluntary pe.
Uilon to bankruptcy to-day.
TBI UNION BANK Or LEWIS0CEO, PA., BE
CElVfS A BUI* VBOat TBE T BE A BUB* DE
PARTMENT?TBE CASBIEE'S STATEMENT.
PniLADKLPHtA, April 27, 1878.
TlK following telegram was received at the office of
tho Associated Press hero this sfternoon:?
Lkwi?ih i;u, Pa., April 27. 1878.
Will have onr account mado good In United Hates 1
Treaaury by Tueaday next. The tnmblu waa rauaud by my
neglect anil not by ?ny deficiency at tiin bank.
11. P. SilliLLBIt, Cishier Union .National Bank.
IIakuiakijio, Ps., Anrll 27, 1878.
No uneasiness Is folt In regtrdto the safety of
tho Union Bank of Lewlsburg. Tho trouble arose
through an oversight ol tho oasbler In allowing the
funds to become short in the Treasury Department at
Washington.
CASHIER BAINE OF TBE SALEM (IND. ) NATIONAL
BANK BOBS TBE BANE TO SPECULATE IN
STOCKS?BE BUNS AWAY LEAVING A LAEOE
DEFICIENCY IN BIS ACCOUNTS.
* JjfDrasAVOLis. Ind., April 27, 187a
James Balne, casbler of tbo Salem National Bank, la
missing. The following nolo to bis father-in-law was
found in the bank this morning:?
Mr. Lvoss?I am financially dlm'raced and mined. Wall
?treat did It. I know nut. and no oue carnn. wtilther 1 uo.
God aave my wife and child. J aME.s UaIXE.
lie bad a fortune of his own and la suuposed to havo
been speculating la Wall streot. It remains to be as
certained If tbo bante's money has been used. On
opening tbo safa aomo $200,000 in money sad bonds
were foond.
The absconding cashier Balne abandonod his horse,
turning him loose about ten miles west of Sslem, and
afterward obtained a scst iu a pasxlng wugon. When
last hoard from ho was at l'rospoct, somo thirty miles
wost, aud Irom Utteeu to twenty miles away Irom tho
Mil-oad and telegraph.
Wililaiu C. Wltislangley, President ot tbo Bedford
Bank, is conducting an examination ot the Sslatn
Bunk's condition, lie Is unwilling to glvo any Inior.
mation until iho examination ts cjmpieted. a stock
holder given the information, howevor, that a defi
ciency ol $110,0>0 lies already bu?o discovered, and
that a reward is to b? offered tor Maine's capture.
An Impression prevails on the street thai Uainc's
bond will probably caver his defalcation.
BUSINESS THOUBIES IN NEW TOBE?PETITIONS
AND PROCEEDINGS IN BANERLXTCI?-AS
BIO^MENTS.
Sylvester Murphy, buildor, at No. 838 East Fifty
scound street, has filed a voluntary petition In bank
ruptcy before Register Dwigbk His embarrassment is
doe totba depreciation In real estate, ana a large part
of bis indebtedness Is for mortgage deficiency. Tno
total liabilities amouut to $434,000, of which $402,000
appear in the schedules as soiured and $.12,000 un
secured. The principal secured eroditors are tno
New York Llfo Insurance Company, $27.?,000; Union
Dimo Savings Bank, $02,000; Tradesmen's Flfo In
surance Compsoy, $1H,000; Independent Liberal
Chureb. $11,IK)0; F<dwtn A. Brsdloy, $S,000; Miss
Maratoo, $8,000; Kmlgrsnt Industrial Havings liank,
$7,600; Louis Wnfalear, f.'f.OOO; executors of J. II.
Powers, deceased, $4,650; K, P. Steers, $n,oou The
security Is real aetata, wbtcb has been foreclosed. The
largest unsecured creditors nrs It. Guggcnholmer,
$4,102; E. A. Bradldy, $2, IS J OA; William Uressonj
$2,24ft 81; James Norton, $2,037 CO; Itose Drum,
$1,000. His assets sre merely nominal, nearly all his
Iro|>erty having boon previously taken i>y creditor*
,o built many houses in Fifiy-flrst, Filty-secouu,
Sixty lourih and .Seventy-first streets.
Register Allen lias adjudicated George J. Hiutllton,
bui'uur, of No. 326 Lexington avenue, a voluntary
bankrupt ?n his own pstition, with iiabilinea amount
ing to $104,000 and nominal assets about $S?.ow), con
stating of Interest In real estate sua book accounts.
The following are tho principal secured creditors:?
Murray Bill Hank, $24,212 92; Manhattan Savings
Institution, f 12,000; estate ol John It. Hamilton, de
ceased, $9,1 IM 22; UltlSens' Insurance Company,
$S 000; Itroadway innuranco Company, $4,u00. l'tie
Union Dime Savings llauk is n croditor on mortgnge
deficiency, tbe amount ol which la unknown, B?rn
bard Hamburger Ik a creditor lor $l'i,000, unsecured,
Frank F. Tennis, formerly of tlm tirm ol John Ten
nis ft Co , hardware dealers st Clot-eland, Ohio, hss
gons into voluntary bankruptcy betoru Register Allen
in order to be relieved ot his old debts. which ntnoent
to $Ad,30u. 11a has no assets. The Isrgeat crcditorx
are Flora A. Tonnts, $30,200 83, and Augustus U. Ton
ms, $tt,ir>i 00.
Coni|>ostlioo proceedings were bold at the office of
Register Owight yesterday In the matter ol J. & W.
Lyall, manufacturers of looms, in West Twenty-third
etreet, near tenth avenue. Tho Arm submitted
a proposition lor a settlement with their cred
itors at twenty cents on the duller, in
notes at twelve, lllteen, eiuhtei n mm twenty
lour month', lhtrty-iour claims, representing
$107,030 IH), were voted upon In favor of tho oner, the
following helog the largest:?Mercantile National Uenkk
J20,172 48; Mary K. Tuison, $16,000; BucbanAS
/Mfc WMMJW' Da|coptjri, Ootbout At Tncy Foundry
Company, $10,007 01; Charlea P. Baldwin, $1,600 75;
Hudson iioatilaud, $4.210 90.
Fellows. Foerstor k Co., wboleaato jewellers at No.
11 Muideu lane, Im ve commenced compoHiiioti pro
ceedings hfloro Register Dwight lor & sei i lament \* ah
their creditors, at twenty-live cents on tbo Uoliar on
nmr, auil ?* meeting <>' the eredltora baa been called
tor June 4 iu conbidcr tbe matter.
At * meeting o( the creditor* oi RofenbnrgA Mark*,
manufacturers of aliirta at No. 22 Walker street, held
at the olUce of Register Dayton, Louis OberfoldeT was
elected mstcuee iu bankruptcy.
Peter Minor's Sons, dealers In lumbor at No. 39
Attorney street, who tailed about two week* ago, are
endeavoring to secure a aetiloment wttb tbeir credi
tors at twenty-live centa on iho dollar.
Spencer C. CJury, manufacturer of boxes at No*. 5
and 7 Hudson street, baa commenced oouipostii?u
proceedings before Register Kctcbum for a settlement
with Ills crodiiors at tilieen cents on tbe dollar cash,
and a meeting baa been called for May 8 to take aotion
ou tbe ofler.
Moses a. Wbeeiock, formerly Vice President of tbe
New York -Stock Exchange, bad filed a voluntary pe
tition iu bankruptcy, having liabilities amounting to
$43,500, and uomiual assets consisting of uoubtlul
Lotos aud aiocks. Tbore are only two creditors whose
claims exceed $1,000?William A. WbeelooK, $35,000
for money loaned, andO. H. Keruan, $1,243 50.
A petitiou In bankruptcy proceedings It: the United
States Court has been llied by Cbauncey M. Pelt, a
coal dealer, of No. 491 Sinub street, Brooklyn.
JOHN r. HENHY's BANKRUPTCY.
In accordance with the ardor of Judge Cboata tbe
supplementary report of tbe Register waa read yes
terday by Mr. Fborndike Saunders in Ibo case of tbe
bunkruptcy of John P. Heury, Curran & Co., which
sbowed that 203 creditors voted In ibo afllrmutive lor
tbecomiiosltioo proceeding*, a lid. Ill at tliey represented
in amount $519,409 92, which was $100,000 wore tban
required by law. In order to allow Mr. Hull, who ap
peared for liio opposing creditors, au opportunity to
examine tlie papers, an adjournment waa taken to
Tuesday next, by order of tbe Court.
ARKANSAS R1?PU1)1aTION.
Littmi Rock, Aprli 27,1S78.
A suit wblcb bss been tome days in progress in the
United States Cirouit Court, Judge Dillon presiding,
luvolvin* tbe liability of tbo. city of Mule Rock for
certain Indebtedness resulting from tbe issusuco of
her so-called "city money" several years ago, waa de
cided yesterday. Tbo city Issued this money after
tbo war and paid it out at par. Sho afterward callcd
It In, giving lor It other ovidences of indebtedness,
which tho city aftorward refused to recognize becauso
Issued tor tbe city money and tbe city inouey wit a au
illegal isiue.
Tbe United Statoa Court held that, nventbougb tbe
city money might have been Illegal, that the city,
baving recelvuu full value lor it, ana then given other
evidonco of u debt In licb of It, she mu-t pay it.
Judgment, therolore, weut in lavor ol tbe Mercbauta'
National Bank, of this city, for $38,000,
GOLD RESUMPTION.
BANKS IN ROCS ISLAND, ILL., NOT IN A HURRY
TO I?AY OUT a OLD.
[BY TELEGRAPH TO THE HERALD. 1
Rock Ihi.axd, III, April 27, 1878.
While In Davenport and Moiine, cities adjoining this,
the banks?as tbo IIkiiami has already been advised?
have practically resumed gold payments, tbo Rock
Island National, tbo Pirst National and thoClttzons'
National of till* city are dilatory In doiog so. Tho
casbierof tbe Rock Island National said this morning
when interviewed, ''Wo don't pretend to pay out goid
until wo aro obliged to." Tbo First National says it
will pay gold for its bills, but doos not want much
said "about it, as gold may advance and compel tbetu
to suspend such a course.
A TRESTON NEWSPAPER INDULGING IN GOLD
PAYMENTS.
[BY TELEGRAFH TO THE HERALD. 1
Trsxton, N. J., April 27, 1878.
Jobn D. Murphy, proprietor of tbe State Oazttie.
paid all bis bands, fifty In number, In gold this even
ing. It Is believed that the banks bera will all resume
gold payments next week.
BAKES AT NASHVILLF, TENS., BELLI SO OOLD
AT 3-8 PER CENT PRKMIUU?SUDDEN REDUC
TION OF 5-8 IN THE PRICE.
[SY TELEGRAPH TO THE HERALD.]
Nashville, Tono., April 27, 1878.
The banks commenced soiling gold hers to-day at
Now York liquations, 100??. Until now they linvo
been purchasing at oao quarter of ono per cont and
selling m one cent. There is scarcely any demand for
gold. It has gone into circulation union? merchants
lo ? liiuttou extent, with a proepuctlva dally lucroaao.
SELLING EOUJi PEll CENT BONDS.
Chicago, April 27, 1878.
The aggregate sale* ol government mnr per cent
bonds nt I he Chicago Sttb-Treasury this weok amount
to $3.'i0,000. This does not Includo the sales ut tbo
various bauks. The sales to day weru $100,0001
SINGULAR SALE.
John Sedgwick, assignee of Edward R. Kimball,
bankrupt, uodor nutoority from ibe Lotted States
District Court, yesterday sold lor $16 on U>o lteut
Rotate Exchange all the right, title and interost ol the
said bankrupt in or to any property or estate devised
In trust or oiberwlso by tho will or ma lather, ibo lato
Eliphalct Kimball, nnd also all right, title and Interost
which said bankrupt may have then had in or to any
property or estate mentioned in eald will as boir ol bis
Utbt-r.
STATESMEN IN BOSTON.
SOUTHERN SENATORS AND CONGRESSMEN AS
OUtSTS OF THE HUB?A DAT OF SIGBT"
BEEINO AND TALKING?ALL INDUSTRY AND
NO POLITICS.
Bonroif, April 37, 1878.
Tbe delegation of Southern politicians, consisting
of Senators Gordon, Morgan and Jones, and Repre
sentatives Carllslo. Ellis, Yuates, Wbltlhornc, Clark,
Hooker, Youog Morey and Goodo, who were Invited to
visit Boston by the Boston Commercial Club, were
formally resolved and entertained Is this city to-day.
After breakfasting at the Hotel Bruaawlek tbo
Sontborn Congressional guests visited tbo Slato
House, tho wife of Benator Gordon and the dstighter
of Senator Lamar, who la a student at Welleflley Col
loje, accompanying them. Govornor Kicc, sur
rounded by bis stalT In lull uniform, re.
ceived tbe ptrty in tlio Executive Chamber, earn
member being separately Introduced. After going
over tho State House Ibe City Hall was visited, where
tbe Mayor sad several Aldermen greeted the guests In
an Informal aod hearty way. The Old South Church
and Fancull Hall were visited next by tbe Southern
ers, tbe members or tbe Commercial Club acting as
un escort to nil these points of Interest.
At three o'clock in ibe afternoon a large number of
the party ucr.epit'1 an initiation to dino ut tbe Hotel
Brunswick with ?bo Commercial Club at their regular
Saturday gathering. Senator Lamar was absent, un<1
so also w is Hon. Henjawln Hill, ol Georgia. General
Gordon, of Georgia; Senator Morgan, of Alabama;
Senator Jones, ?l Florida, nnd Geueral Charles K. j
Hooker, ol Mississippi, were among those present,
together with a majority of ibe nailing party, Tbe
club, which ranks na the leading organization ol its I
kmJ In the cltv, ana numbers atnoug us
members many representative men ol Boston, both |
111 public HI* ami various branches of trade, turned ;
out in lull force to do honor to the Soofbern I
guests. Hon. John W. Candler, president of rtie rlub,
filled tho chair. Among the most prominent Bus- I
tomans prescut wore Governor lltco, ex-Govern or )
Gaston, Mayor 1'iorre, Collector Heard and othera.
Mr. Candler welcomed the gsenta ol tho day nod ex
pretsed tho belie! that tbe new era of good feellug
between tbe sections would result in tbe strengthen
ing ol the common country, and at no distant data
in reviving tne commercial prosperity of the nation.
senator (iordon inado one ol the principal speeches
of the night. but It wss entlroly devoid of political
bearings. Ho welcomed tl>o return of fraternal rela
ttot a between tho North and ^outh and took 11 must
bopetui view of tho national future. Its rsKonrcos
wore limitless, and with pence nnd union the indus
try and trade of tbe nation rooid not fall to bo built
up on a permanent and enduring basis.
Governor Kloe, speskiog lor the stale of Msssa
chuartls, ext ended to ibe visitors a warm and snirvro
Welcome, and spoke eloquently of the advantages !
which must ensue Irom these friendly visit', by which |
men ol both sections were brought into potsoual
sympathy, one with anotiior.
.-eimtor Morgan, ol Alabama, followed nnd gavo 1
utterance to similar letulinoots. <
Mayor Pexrne, spesatng for tba city or Iloslou, 1
echoed tlio Governor's Weirorao.
Senator Jones, of Florida; Mr. Wbitthorne, ol Ton- j
nessee; Collector Heard, of lioston; General Hooker,
of Mississippi; ex-Governor Gaston ami Mr. Kllis, of
Loutsians, followed in tho same strain, politics being
entirely tabooed.
General Hooker's speech was one or tbe most strik* I
Ing and powerful of the evening. Ho spoke 01 tho
Industrial resources of the South In glowing t< riiis,
and, alluding to the approaching emancipation ol
slaves in the West ladies, ssld that when tbai event
came, as it would, the rosult would be that thu great
trade irom 'be sugar produotlou would pass largely,
If not wholly, to tho South, where tuey had insny
years' start in tho organixitlon of free labor. He con
cluded by predicting a commercial future for tbe whom
countrv 01 almoat Ineonceivsbio grandeur, and emd
mat the North and South anu East would Ira unttod na
Willi hooks ol r'teol. In the coiiiiudii bonds of material
interest as well aa of internal eoaeord and amity
The company did not break up until nearly eleven
o'clock. All the members of th-? clab expressed them
selves dcllghtod with the liberal views of tho South
>rner* and the laltof Appeared equally gr.i'lOed ?t
tluur recoptton. ,
WASHINGTON.
Appropriation Measures Be
fore the House.
PASSAGE OF THE INDIAN BILL
. ?
- /
Mr. Atkins on the Revenues and
Expenditures.
MORE ECONOMY OR INCREASED TAXATION.
A New Cause of Complaint for Uneasy
Aborigines.
FROM OUR REGULAR CORRESPONDENT.
Washington, April 27, 1878. |
PASSAGE OF THE INDIAN APPROPRIATION j
JUIjfj?BAD PBOSPECT FOB TUB TRANSFER j
OP THE INDIAN BUBEAU. i
Tbo Houro to-Jiiy passed, with %ut flight amend- |
ment, the Indian Appropriation bill separato from tho
bill reported from Uio Committee on Appropriations.
Tb s bill has usually provoked a lone debate, uud lias
generally been, tbe basis ol many speeches
on tbo manner of conducting tlio affairs of
tbe Indian Bureau. Its passage to-duy with
such unanimity indicates that tho House Is not dis
posed to seriously discuss tbo proposed transfer of tlie
Indian Bureau to tho War Department, although tbo
bill proposing this was reported from tbo Commlttoo
on Indian Ad'tirs unanimously. Indeed tbe transfer
ot tbo Indian Bureau to tbo War Dopart
ment lias not nearly as many friends now as
It Bad a moutb ago in Congress. It Is said that tbo
translor would Impose nddltionul duties on tho army
olllcers without proportionate good, whllo tho anxlo y
ot tho Indian Ring lor the translor is an admonition
that tbero Is at least something suspicious about tlio
projoct.
TUE COFFEE AND SUGAR BATION DISCONTINUED
AT THE AGICNOIES-?TROUBLE ANTICIPATED.
Orders have been given by Mr. Hayt, Commissioner
Of Indian AfUirs, forbidding the further gratuitous
Issuo of cofleo and Eugur to 'tbo Indians at their
agencies, la order to securo application to duty on
their purt ho says that only as they work and in pay
ment lor their labor will they receive tho ooflco anil
sugar ration in futuro. Those two artlcios of diet aro
known to have an Important influcnco with tlio
Indian' and tboy will bo likely to lorin
apartol tbe agencies employed in controlling bim.
At tbe Choyeune Agency tbo pl*n Is to be put Into
operation at once, tbe CUeyennes being already qulto
restless and irritable because tbey are not furnished
with these commodities as rations. But tbo Indian
Bureau is llrin oc this point. Somo ot tbo agents aro
much exorcise! about thi* policy, because they say it
will cause war.
GENERAL WASHINGTON DESPATCHES.
Wasjhngto*, April 27, 1873.
NEW SILVER DOLLARS TO BE PAID OUT IN THE
CURRENT COURSE OF BUSINESS.
Tbo amount of United States notes retired daring
* the present raontb in conicqaeace of tbe issue or na
tional bank notes will bo aooat $1,'JUO,OjO. Tbe Sec
retary of trio Treasury lias ordered that this amount
shall bo replaced by stlvor dollars, to bo paid
oat in the curroot course of business.
Tills sum will bo distributed among
the various sub-treasuries and pabllo depositories
throughout tbe country, so that to this extent tho
silver dollar will bo paid oat lor currency obligations.
This paymont of silver dollars will not tnterforo with
procuring (liver dollars In exohanga at par for gold
coin at any tlrao.
JERSEY CITY A POST OP ENTRY?FAVORABLE
REPORT OF TBE BOUSS COMMERCE COM
MITTEE.
Tbe House Commutes on Commerce Has agreed to
report to tho lUuso with a favorablo recommenda
tion tbe bill of Representative llanlenbergb (ol
New Jersey) constituting Jersey City a port of entry,
and providing lor the appointraeut ol a collector ol
customs, together with such subordinate officers as
ere provided lor by law.
TBE METRIC SISTEM OF VtEIOBT3 AND MEAS
URES.
The Secretary of the Treasury to-day directed all
medical officers of tue Marine Hospital service, for all
official, mcdieal and pharmaceutical purposes, to
make uso ol the metric system ol weights and meas
ures.
THE APPROPRIATIONS.
ACTION OF TBE BOUSE ON TBE INDIAN AND
LEGISLATIVE, EXECUTIVE AND JUDICIAL
BILLS?8PEECB OF MR. ATKINS.
Wasuixotoh, April 27, 1878.
The lIiHt wont into 'Committee ol ttio Wiiolo
(Mr. 1'oticr, ot New York, la the cbalr) on tho Indian
Appropriation bill.
Tbe bill rocommend* the appropriation of f4,"72,0u0,
and Is Hie unatuimoas report ol tbe Appropriation
Com milieu. It provides that whenever It Is found
practlcsblo to employ Indians In farinlog or other
civilised nvooatioiiH lu which thoy can cootribote to
their iimlntenanco tbe Commissioner ol Indian Affairs
may use su< h portions of tbelr respective subsistence
lands us can be spired toYay for Hie .services ol such
Indiuns as may be Indaoed to labor for their own ad
v^cement. It further provides that to much ol tbo
ap|>roprt4ilons as mny bo required to par for goods
and supplies ?hall be immediately available.
(Jeneial debate having teen dispensed with, tho bill
was re ad hy sections.
After adopting two or three unimportant amend,
men's tho commltteo ro?o und tbe bill was passed.
LSOIfbATIVS, KXKCt'TIVK AM> JI'Dh 111.
Tbo Uonse then went Into Coumlltoe of the Whole
(Mr. K'lon, ot Illinois, la tbe cbalr) on tho legisla
tive, Kxocotlvo an<l Judicial Appropriation bllL
The total amoant appropriated by tbe bill Is
$i?,73/>,ooa
sriKcu or tin. atkixs.
Mr. Avkixs, (deai ) of Teen., Chairman ol llio Com
mittee nn Appropriotlons, addressed the Rouse. Ho
said thai tho bill looted ap f 14,7US,000, being about
(082,0<I0 lens than iho llko bill In 1S79-7 and being
J714,000 less than tbo like bill lor the current year. It
wim also ions than the llko bill passed nt tbe last sea
aion of tho Forty third Congress by tho largo sum
of $4, 106,000 and leas than tbe like bill
paased at the last session of tho Forty-second Congress
by tho still larger sum ot over f0 000,000.. Tho first
consideration that challenged tbo attention of tbe
ComtniUeo on Appropriations, and now ohallongod
ihe attention ot the llou*o ou this bill, wan whether
the government's expenditures rhoold be kept within
the revenues, or whether the government should
liiuur;i upou a sca'e ol exiruvag.mco to s.itlsly the
wnuts of 1110 ndmtrcrs of "bigh mounted" govern
meats sml thus lorco tho Treasury luto a at.no of
bankruptcy?
troHllMY OR tXCMAHfcO VAXATI0X
Tho fraukuess ot ihe .Seciotary of Iho
Treasury In calling aitootion to n probahio
dcAotency of $11,600,000 iu lHT'.i forced upon
the I'ouso the decision of either practiaiog
I rigid economy or ol tlicrcuslng Iho burden of taxation
! upon the people, now mode ueaperato by the ruinous
I policy of eonir.ieiKin und by iho class legislation of
1 iho tail decade, which imd made the rich richer and
I be poor p>??rer. The Committee on Appropriations
1 had tried to eliminate froin tlie service all am < rnunio.
r.>ry aud uiiueressary public oilict". Hsiorm, however,
> wnt not likely 10 be accomplished under the present
management of public nitiirs. I he mistake lay at tbe
I very doors ol tho administration.
Alter mentioning various reductions ol salaries made
in tho lull he said ho might bo uskeri why iho com
mtliee had not rcduccd the salaries ot the Senator* and
Representatives. llis answer was, becauso ihey had
\ l? *11 reduced by tho repeal ol tho act ot Murnh 3,
inlX. llesides. the Forty-third and Korty-lourthC 111
gresees Imd discussed that sab)'ct until tho country
was distrusted nnd had finally -clllel upon the pren
em compensation, with which 1110 people were en
tirely nmislled. The men who hid tho quailing of
read and heart 10 reprwent tlio lOtelllgeMe, iQpiesty,
, dignity ?n-l sovereignty ol the peon'e ought to n > ve t il
eitis tlint wou'd command in iho business walks ol hie
more cienr profit itiau ilie moat eeonomie.nl and irtifnl
Senator Of Representative realised out of h^ salary.
Iteierrlng to iho* rrtsis iu monetary affairs,
ho Mid that It resulted, nvL an lormnr nanic*
had done, Irom loo mncb money, but from too little
money at rraionnble rata* of Interact, from tlx uu
Utr unii uubealtby distribution of the ciroulalion and
llom other eauses which wero drying up ibo resource*
ot Industry ami w<re depieunif private ?? well ss
public revenues lie referred to ibe lulling ol! ot
customs 'luiii'M Irom f21 l.OOD.UM to 1ST2 to
(l'J\U00,UUU In iS7T. sud said lliMi ibo House had
either to resolve bravely to restrict Ibo government
expenditures within He revenue* or to declare lor an
increase ot luxation,
TilK Ht'UUKAR OK UESUM I TIOX.
Ir Ibo bugbear ol resumption warn naoisbed irom
the calculniiou:, ol the .-ecretary ol tho Treasury by a
repoal ol ib? act, and II the Urge sum o< gold now id
the Treasury wero let loose so itiui u could l>e utilized
for the current expenditures ol ibo government,
mere would be no necessity lor a resort to lurther
luxation. Uu tbe contrary, ibe luterual revenue col
lected irom two o* ibo great Industries of tho coun
try?whiskey uud tobacco?might be diminished.
All experience alirelod that the revenue
would be increased from both articles
by a reduction or the tax on wbiskey to
60 roots a gallon; on tobacco, to lb cents a pound. He
trusted that tho representation* ol agricultural uud
laboring constituents would be carclul to see tliat, if
any interest were relieved Irom taxation, the relief
would be extended to agriculture aud tho laboring
classes instead ol ibo nanus and banker*, whose
Uiunopoly was * standing meuaco to tbe prosperity ot
the people. These institutions had growu plethoric
by reaeou ol the exclusive privilege* with which Con
gross uad surrounded them, bv meant ol which thoy
had amassed overgrown loriunes, and had, by collu
aiou uud conspiracy with other tonus ol capital, man
aged to destroy the tuurket value lor real estate and
lis products and lor every other kiod of prooerty, aud
had by Uuaucial cunning and political irgerdemaln
succeeded In Incroariug tho purchase power ol
liioooy uulll that alone seemed 10 possess any real
value.
tuk policy or contraction.
Lcavlug out ol view the immense injury inflicted
bv the banks on the people in ibo depreciation of
every species ol proporty uud In the prostration ol all
kuiiinctt* ihrouKhttbe policy ol oouiracilou, the usu
nous practices ol tho bmki bud wrought demorali
sation upon msuy In buMiiess circles and had turned
tho hearts ol thousands luto stone. II the annals ol
history, either ol Chrisliau or pagan countries, were
searched to Mich unmixed monopoly'would bo lound
granted lo any cluss ot citizens. Tho history ol ihe
banks was a cbupier ol nboininatlou*. Tbe tribute
winch they laid upon lubor and the contemptible
niannor in which ihev had exploited tne government
and ihe peoplo should arouse u Just indlgui^iou
against them and sweop thetn out of oxistuuee as
soon as it was pruoilcshlo to substitute legal tender
notes lor national bum; notes.
Hank iKPLl'KXCM.
Tho American Congress lor the last deeido lnd been
controlled hy bank Influences. It was bank lnlluet.ee
that had delealod tlie Currency Kquulizallon mil or
lt>74, which lell uy the slroko oi a l'residenliul veto.
It was that influence which prevented a rodBctio" of
tho lulernal revenuo taxes. It was that Intluenco
winch prevented the restoration ol tlio luoomu tax.
It was ibut lullucnco which prevented a tnodiUciiion
of tue proiluut:vo system, under the blighting itllu
enco ol winch Atnerioau commerco languished and
the energies of the oouutry wore being enervated.
How much longer, he asked, would tbe banks and
bunkers rulo the American Congress t
KKSUXHTIO.V,
Coining to the question oi tue resumption of specie
payment he suld that if resumption meant redemp
tion and cancellutlou aud consequent contraction of
( the currency it meuut simply ruin. It too legal tend
ers were made receivable ior customs dues and were
required to be reissued as fast as redeemed, then the
evil ol the Resumption law would bo very much mlli
I gated. Hut us that law now mood upon tho statute
book it was a standing meuaco lo ttio business in
terests aud tho commercial activities ol the wbolo
country. Forced resumption meant lorced bank
ruptcy, both of ibo people uud of the government. If
Coiigruss would restore lo Ihe goverumeul us indis
putable constitutional right lo issue currency to ibo
peoplo instead of delegating that Important
trust to a privileged monopoly ol oondboldrrs,
uud it tariffs were brougul to the revenue
standard tbero could bo no doubt ol the speedy return
ot confluence and of tue establishment of lliui pros
perity for wbich Ibo great heart ot tlio peoplo bad
bitterly sighed ior tho last livo years, f.4l that bo
done and no luoro would bo beard ol tbo stilled lb rents
ol repudiation. Tbo Amoricau could least ol all peo
plo afford to hx upon themselves tuo brand ot repu
diation.
A I'ilKXOtlKKA!. INWMTT.
A phenomenal Insanity seomed to liavo seized the
minds of the peoplo ot the Kustern Stales thai tlie
measures ot tlnauces and luxation which would bring
relief to tho West aud South would operate injuri
ously lo ihnro. No greater delusion ever beclouded
tlie judgment ol so enlightened a peoplo. Why was it
thai distress and burit times were felt lu
New York and Ooston aud throughout tho
Kusteru cities although ibeir banks were
lull ol ucused capital au<i|tbolr business houses groan
ing with unbroken slocks ol merchandise awaiting
purchasers r \V njr did labor seek in valu employment
where there was so much capital? It was siinply be
cause the mistaken system ol Unsnce and taxation
has prostrated the producing classes by roducln^ too
price ol their products below the actual coal of pro
duction and thus curtuiliug tboir means of consump
tion. It was tlio old story ol tho golden egg. Ho
thought proper to ulludo tints to the ilnaneiai policy
of the government and to tno system ol taxation be
cause appropriations were intimately blended with
the id. lu conclusion he said:?
Wi*e statesmanship should avoid extremes. Capi
tal and labor are bom essential to tbe growth and
development ol all institution* and are nol necessar
lly antagonistic. on the contrary, thoy are mutual
aids when governed uud guided by laws which fecog
niz* tho just rights of both. Una thing It Is very Im
portant tor each to observe. Capltul should avoid
being hedged about by class legislation and luouopolv,
while I ilior should sterniv set us luce against every i
appearanco of ngrarinnism and couimuulsin. Not
withstanding the failures tor the Oral quar
ter of this year ure much heavier ibuu
they wero for the corresponding quarter of
last yosr, yet every one leeia thai a propitious
change Is no.tr at hand tl tho relief measures I bavo
suggestod arc adopted. Why not udopi litem at once
and give caso to the public appreuonsions f Mop
contraction, provide for tbo reissue of legal lenders
and make them receivable lor custom* dues and tbe
woik I* dune. Confidence will *t onco lake heart
iigain.
ibe bill wa* thon read by section* for amendment*.
Alter liuviug completed ibo soolious In regard lo
lh* Legislative liepaituicui ot tho government and
Ibo secuous lor the support ol the K.tecutlvo Depart
ment and tbo Htaio Department the committee rrtse
without further aciiou, uud the House, si twenty-live
iniuutot past four o'clock, adjouancd.
INIQUITY OF CLARET PUNCH.
THE MBS. BUTHEBVOBD B. HATES TEMPEBAMCE
SOCIETY CHANOICft ITS NAMF,
Wahiiisoto*, .April 27, 1878.
The Mr.'. Rutherford U. Hayos Temperance Society,
at tlioir uicrtlns last night, dlscarCol the name of the
organizition, on tlio ground Uiat although 'bo dia
countftcaoceil wine at the Dnke Alexia and other din
ners at 1 lie Kxecutlve Mansion aha countenanced the
uso of claret punch at trie dinner on board the cxeur
aion steamer oa Delaware Bay daring tbe recant
l'roaidcntiul trip.
ARMY INTELLIGENCE.
Wamiiinutox, April 27, 1171
I,ernrs of absence lor a'x month* la granted Firm
Moutemmi WiHlaui A iiin in, Thirteenth Infantry.
Colonel It. C. Drum la omoreU to report to tba Adju
tant General, In tbli city, lor duty, upon being re
lieved from Headquarter* of the Military Dlvta'on of
the Missouri by t'olonel Willlim l>. Wblpple. Purgeon
John F. H:in<i?lp>i ia rolicred Irom duty in tbe De
partment of lliu Ksat. nud placod 00 alck leave.
NAVAL IN1EJ L1GENCE.
THE O'SITKK AT MAUPTON BOADfl.
roHTURCR ItoMHoic, Va., April 27, 1878.
Tba United titaiea anlp Oaai|?a arrived In llatnpton
Roads from Havana to-day. All well.
CHARTER ELECTIONS.
Tho charter election bald in Porteheatcr resulted
Intlio choice of the following village officer*:?Per
President?William P. AbendrOlh. For Trustees?D.
J. Sands, lor thrfo yearn; II M. Henderson, frfr three
yours; Ch. t'ortm and J?mra Shea to till vacancies.
For Treasurer?John Leonard.
REVENUE MAltlNE SERVICE.
Captain John Cirson, or tho revenue cutter Samuel
Dexter, located on the Newport station for tho past
three year*, received order* Inst night to proceed to
Oswego. N. Y., aud mke command ol the Manhattan
at th.it place. He will be succeeded on tlio ll'-xior by
Captain J. <L linker, who ia relieved from the cutter
atationed at Tiewbern, N. C.
LIFE INSURANCE LITIGATIONS.
Tba caeca of ex-Governor Joel Parker, receiver ol
tho Now Jersey Mutual*!.Mo Insurance Company,
onanist certain former directors and atockholdera in
tlio company have been placed by Judge Depue In
tne cull lor the hupenje Court to-inorrow. there
are ibe only runs set lor tbat dsy Tbe amount in
volved is over tiiOW.OW.
Tin; police enjoined.
Jud^e Neilaon, of (he tirooklyn City Court, grimed
an Injunction yesterday restraining the Police De?
partinont of that city from Interfering with President
R'Cliardaon, of the Atlantic Avenue Kutlraad Com
pany, in laying the troc.?* tor a atreet raiiroa.i on Iter,
gen atreet, between lloerutn place and lloyt ttraet.
PURLOINED LITERATURE.
William Walsh, Patrick Huliivio and John Clare,
hoys of the Fourth wird, wero yesterday arrested ny
Olllcer McCarty, on suspcton ol h iving stolen a num
ber of old book - winch they were oarrying under their
arms. Vhe juveniles coald give no satisfactory ac
count ol tbamaclves, Alio it was soon diseovod thst
the hooka had be*n stolen irom a second hand Uink
atoro on Ann street, too boys *ub?'|ii?niiy cob tossed
tuatr V11 ut and wero bold la ktt)0 nui oacn
THE TWENTY-SECOND'S VISIT.
The Twenty-second regiment or tbls city yesterday
paid a friendly vim lu Its comrade National Guard
organization, the Twenty-third reditu cut, ol Brooklyn.
Tbe Twenty-second regiment, under the commtnd ol
Colonel Joxtan Porter, formed iu Its armory, Four
teenth street, at ball-peat two o'clock, sod at a quar
ter niter three left there and marched la coluoau by
platoon* orer to Broadway and down to Wall a tree!
Jerry.
The Twontytbtrd regiment. Colonel Rodney O
Ward commanding, assembled In tu armory on Cler
mont avenue, Brooklyn, uud when informed by ? ??].
eg rum that tbe Twenty-second bud left their quarter!
and luken up ibe line ol march It left Ita armory by
companies uud did not tail iuto regimental formation
till It roaobeJ Cumberland street, when tho regimen
tal parade was formed and Colonel Ward assumed
command. After tlie ceremonies ol parade were
orer the regiment broke into columns by pla
tonus, right lu Irout, and marched through Cum
berland stroet, l.atuy otte avenue, Scbeiiiertioru street.
Hicks street, uud lor mod iu line ou 1'ierrepuini atreot,
facing tlie uortb, where the ootrftnuna awaited the
urrirul ol the Twenty-second. Thin corps, having
crossed tbe Wall street terry ou tbo regular pssiouger
boat, disembarked at the lout ol Montuguo street*
inarobed to i'lerrepolnt, where it was received with
tbo usual salute?ranks opened, arm* presented, offi
cers saiutiug. colors drooping uud band playing a
marcb. At soon as the New Vork oorp* had taken
up Its pluoo in lino It returned toe compliment, autl
saluted the rweniy-ibird.
Alter tbeso ceremonies tbe linn ol march wus taken
np by tbe Twouty-lhlrd pausing along tbo Irout of the
visiting regiment and heudiug tho column to tbe City
Hall, wbere both n.omcnts were reviewed by Mayor
Howell, ibo two regiments uiarpbod through Fulton
and Smith streets to achermernorn street, down
Kulayelie avenno to Cumberland stroul. Horu the
'1 weuiy-tliird wheeled into lute aud agatu saluted tbe
Twenty-second, wuich, having m irehed past anil
taken post in tbo loruiatlou, also saluted tbo
second tune. Tbe two regiments being now
lorined lu Hue they received Brigadier General
Ira Jj. Beebe, commanding tbo Klevemb brigade, auil
woro inspected by htm. tin tho street, running sloug
tbo nnat side ol Kurt Greene, u grui.d stand wus erocted,
lu Irout ol wbtch the reviewing General, accompanied
by a numerous stall, took bis position. Among those
on tbe stand were:?vlaptr Ueueral T. a. Oukiu (ooui
niaudiug the Second division), Mnjor tronerul Juun B.
Woodwurd, General Mouum, Colonels Browuoil, Aus
tin, Burton, Scliurtg, Bradley, Major Jewell, Colonel
Heudleauu many others.
Tbo armory ul tne Twuoty-ibird, 10 which tbo com
mauds went, whs profusely decorated with Hags aud
Dowers, una a bountllul oullutwu wus spread iu too
driliroom lor Hie meu. Colouel Ward and his officers
ouiertained Colonel I'orter aud tlioso ol tbe Now Vom
oumitwud in tliu ollic .rb' quarters. A substantial re
past and tbe fruit* aud (l.xvcrs ol tbe season greetea
tlie visitors. I ne two commander* inado appropriate
speeches, which were tbo ouiy flowetso! oratory dis>
p aved ou tbo oceutton. Alter ratious, the regiments
wuro rotortue.l, tbe Twenty third o-icorted their
guests to tlie Williamsburg ferry on the way Dome,
starting trom tbo armory about eight o'clock.
ALMOST A PANIC.
Considerable excitement was occasioned last ovun
Ing iu tho vicinity ol Bleecker street uud Broadway
by tbo dlscovory that the upper portion of the build*
Ing, Nos. 044 uud O-tO Broadway, was on lire. A 11 isb
of flame suddenly shot out trom one of tbo sixth story
windows, aud pedostrians on Broadway were startled
to seo the dimes burning fiercely In tbe ititerlor of tbe
building, the rcllecilon ol tbe flro lighting up the
windyws on tbo lop fljor. Tbo alarm increased when
It became known tbst a largo number of girls wer?
employed In tbo building in tlie manufacture
of artificial flowers. An officer ol tbe Broadway
squad made bis way up stairs and warned th?
occupants ol the prcmisos of their dunger; but
strange to say they showed no disposition
to etcupo from tho burning building. Mean
time the crowd ot spec-tutors nu Broadway,
?using tbe Haines uurst through tuo windows, seui up
a coiubiued shout of warning to those witbln, and
then it wus thul terror sei/.sd tbe occupants. Tue
lower floors wore toon tlliod with a biiudmg smoke,
uud tbe uow thoroughly ailrigbted girls ru-ibed lor tne
stuirwuv, and in their anxiety lo rtuch the street
irumpled ou each other in tneir descent. Several of
mem were iu u lainiing coudmon when it>ey reached
tbo atreot. Others ugsiu, patnu atrlokoo, rusned to
tbo window*, and showed a disposition to jump to
the sidewalk, but lortunately this calamity woi
averted by the tluioly arrival ul Engine Company No*
113, the firemen clearing tbe building of its occupant!
without hurt to auy one iu a short spice ol tune. so v<
eral streams ol water wero then played upon tb?
building uud the lire was eoon extinguished. the
buildiug, which was owned by tbe Muntiatun Sarlugt
Bank, the first Hour being occupied by tho bank, tn?
remainder of the building wus retitoa for rurioiu pur
poses. Tbe socoud aud iliird tloors were u*ed for to*
inunulaoture el urtiUeial Qowero, there belug about
Ufi> girls employed on tbu premises at the time of
tbe lire. lluu tlie Uatuoa iskcu a little more bo*4way
and reucuod tbe steirs, wun the excitement that wus
created by tho blinding smoke, tbtre might bar* bow
?crioua losa of til*.
OBIT U AUY.
STEPHEN VAt.ENTINC.
Tbo flags on tbo l'roduce Kxcbange were at half
mast yeaiordsy on account ol the death of Stephen
Valentine, tbe oldost member ol that body. The de?
cossed was la bis oigbty-second year, baring beea
born at Glen Core, I<ong Island, on tbe lfttb of August,
17-?6. and was In tbe flour business in thle city for
more tbsa half a centery. He started at
Now 140 Cberry street in October, 18J2, under
tbo flrin naaie of Valentino & -So cor. Af
terward a gentleman named Tit us was admit
ted as a partner aud tbe Ilrm of Valentino Sc Tiius
existed until tbe death ol tbe lattor. fwenty-Qvo
years ago iho Brtn was organiznd ns rt. Valenitiie A;
Hon, and remained as such until two years since, when
Mr. Valentine,-Sr., retired, and It was changed tod.
Valentine's Suns; thanes GrilTlu, a son-in-law, being
admitted as a partner It still remains at No. Ida
Cherry street, one of tbe oldest buildings in Iho oity.
Mr. Vslemtno was a meinbsr ol tbo l'rodueo and Old
Corn exebange*. He died at hla residence. Not 200
llanry street, Brooklyn, of old ase, although a tall,
which ne receired n you r a fro, hastened hi* doatb. lie
lesves loor children, one son (Samuel 1. Valentine)
aud tbreo daughters, all married. The deceased be.
lonend to the -Society ol Friends, aed bis dying request
wss to be burlod from the Quaker Meeting House, In
M0ermerborD, between Boerum and tttuith streets.
Wir.MAM HKRtiRAMT.
William Sergeant, oroker, No. 07 Exchange pi tea,
died on Thursday, al Yonkcre, of congestion Ol tba
lauga. Tfao deeesied wa* seventy -ono years of ago ana
one o( the principal dealers In this business. Ho osm?
lirro from England forty years ?jo snj entcrod ibo
employ of I.emrsn, Murray & legate, importers aotl
d'-alera lo r*fs and Modlterraneen good*, in Sow street.
In 18-48 lie tormad a partnership villi William Hunk ?
The IIr111 of I.emrso, Murray A Ingato having tailed
In 1457, iho llrra ol which deceased mau a
member booutuo a power in tbe trade, bat
ttie stringent res-oo ol iwo years airo precipitated its
(allure in 187ft. Mr. Hunt diedine previous Kebrusry,
and Mr. Sergeant, although bo mm suffering from a
mtaraet on the eye and almost blind, turned overall
bin property to lite creditor*. In 1*177 ho reeumed
businers in Exchange plioe, and wua doing very wed
at the time ol his dealt). Ilo loet bis wile last August,
llelenvea two sona, ebo arc In the ruit busiuea* under
the name of Mergenni llrottiera, nt Maiden lane and
William atroet. and ibree daughter*?all married. Tba
tuneral will take piano to-day at two 1*. M.. from Si.
John's Church, Yonksrs.
EAST SIDE LAWLESSNESS.
James Morsn, nineteen yours old, a pedlar, ra?
siding at NOk 333 East Thirty oicbtb street, was de
tected last utght la tba act of robbing tba till
In tba grocery store at So. 424 East Tbtr?
tecoth street, by lira Harm Kasao, tba wlfa
ol tbo proprietor. ?bo grappled with tba
thief and a struggle followod. Tbo rubber waa about
to strike tbe woman with a club when bar husband
appeared and wrenched tba weapon from bta baud
and dealt him a powerful blow on tba boad which
lolled him to Ibe Ueor. tor a moment or so
tbe desperado feigned to be unconscious, but ho sud
denly sroao, only to be again knocked down by Mr.
Eagsn. Although several confederates of Moras
thrqw stones through tbo store window* at Kagan ibo
latter stood over the prostrate thief nntil tirtlrer
U'eison, of the Kevcuteebth precinct, arrive*!
and took him into custody. On ' the ? way
to tbe atation lioote with his prisoner Often
Ulesaon wa < attacked by a gang of roughs, who aw
lempled to rescue tho prisoner Tliey threw stones si
blm, oee of whioh struck bim on ibo back. Ulrnson
rapped for aasistanco, and Kounintusu Kenny, who
?iii in the vicinity, bnrried to the rescue sud dis
persed the moo. At tlio station hou->e it wis found
that Moraii's head bud be< n badly laoorntud by tbe
club, and a police surgeoo, who wa* summoned, dr?*sed
bti wouudi, slier which lie was locked u|i
. FOUNp IN TUB 1UVEIL
Tba body of an nnknown man w*a found yesterday In
tbo rlvor foot ol East Twenty-eighth street, tin was
apparently thiriy-flvo years of age, live foot eight
laehee in height, sandy mustache, browa bur, bald,
white sbtrt, black noektlo, red tiouemhiri and draw
ers, elastic gaiters, black ribbed pants, black Irock
coat snd overcoat. He bud on hli person an account
book of tbo llrosrera and l>*siillera'* ilank.
SAVED FUOM DKATIL
An intoneaicd man nsm^d MeCn% attempted M
cross the I'eansylv mis Killway at tbe Uraea street
crossing, In Jersey City, l ist night, and stumbling,
fell headlong In front of a train, John Wniie, a
switch tender, dasheo in iront of ibo looomstlve, and,
by a iicrraieui edori, threw lua man irom tbo irsck.
. and tsii with him sa toe train daabad by.