The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-08-27

The Grand Island operation different affair. That
mysterious spot Of land situated amid the roaring rapids Of
Niagara has been the Of many curious specuia-
tonsa of which have gone destruction surely and
rapidly the whirling that wash the island leap
the mighty fall below The first. fnot the most H.
dicuous, the wen known attempt Of Major Noah 70
assemble there the wandering tribes of Israel whom
he preside high priest He attempted to raise money
from the Jews of all nations for his ACCOMPLISHMENT
Some few he gathered together and addressed them IN the
theatrical costume of Richard Ill., borrowed for the occa
sion from the Park Theatre All would not do however the
material point the cash not forthcoming and the spe
cuation failed The next the revolutionary specua
ton and Grand Island became the head quarters hose
who wanted to govern Canada their own way That Jailed
Then came Daniel Webster ESQ., towering at the head OF
Almighty speculation backed by his eastern friends and
satellites Grand Island was to have been the FL dorado
where by vigorous applications of paper promises, and
the endless multiplication OF paper securities cities
to grow and business increase until the Island might be
covered with guneas in of its soil To start this
great blessing, however, money was to be got Casting
about suitable which to operate the Ame
rican Life Trust Company selected the favored
institution The we'll known financial talent of Mr. Duer
who could not only manufacture any amount of paper
promises but get people take them, rendered the thing
highly feasible He Of those brilliant ntellects
these latter days who tremblngy alive to the wick
by demanding payment of promises He surrounded
by few noble hearts the stamp James Boorman,
Esq for instance who has lately refined far upon the
credit system to make the the sole test Of the
justice OF claim. Before these people, Daniel Webster
Esq appeared and he argued orciby, and described
the future glores of the Island its prosperity and profit
and above ALL the great national blessing that it would
turn out to be- with such irresistible energy and effect
that Duer Boorman Co. planked down $260,000 Of the
stockholders money without winking What has become
of that money does not appear but Grand Island there
yet, the Niagara rapids still around it, the bleak
winds of winter whistle its waste and barren surfaces
but the castles the property the business the profit and
blessings grow upon of the loan Of the Amer
Life Trust Co.. have, like the odor of nationality
that hung round the United States Bank passed of with
the vision OF the protector Nothing has grown
either Grand Island Chatauque lands but small pota
toes" and noxous weeds" ~
REPORT COMMITTEE New York STocx
EXCHANGE BOARD REFERENCES TO THE CONTACTS
ron KENTUCKY BANK SrocK PENDING BETWEEN ]. LIT
x Co. AND BooRMAN, JOHNSTON Co. ,f
At the regular meeting ofthe New York Stock and Ex
adopted with but dissenting voices The Resolutions
appended received the unanimous concurrence OF the
Board b. HART, Secretary
New York August 23, 1912. l.a
The Committee of the New York Stock and Exchange
Board, to whom referred for consideration and re-
view, the controversy between Messrs Boorman, john
Co. and Messrs. Jacob Little Co.. together with
the decision Of the majority Of the arbrators in relation
to that controversy respectfully report That the state
respectively submitted the parties to the arbra
tors agree upon the following facts:-Tha Beorman,
Johnston s Co. purchased, through their brokers, OF
Messrs Little & Co., sH
On asd Oct Kentucky Blk Stock at 70 90 ds and Int
" Goth T" " 100 :" 70