Cleveland daily leader. [volume] ([Cleveland, Ohio]) 1865-1873, 1866-05-31
LATEST NEWS
BE THE WESTERN UNION LINE.
LAST NIGHTS DISPATCHES.
1THE DEPARTED HERO.
FUNERAL AT WEST POINT
TOMORROW.
Lieut.. Cen. Grants Orders to
the Army.
OFFICERS DETAILED BY THE
WAR DEPARTMENT TO AT.
TEND THE FUNERAL.
Announcements by the Several
Departments.
FOREIGN NEWS BY THE STEAMER
PERSIA.
Garibaldi'S Letter Accepting Com.
mand OF the Volunteers.
Rumors and SpeGulatiOns About the
Congress.
The Cholera in New York
City.
The Cholera in New York
City.
GEN. STONEMAN'S REPORT ON
THE MEMPHIS RIOT.
An Interesting RemlniSence BY
Com. Vanderbilt.
Financial Condition OfNY. E.
Railroad.
Another ChoIera ship

NEW YoRk, May 30--The steamer Peru
Wan has arrived from Liverpool with 75S
passengers. Lost during the passage 81
from cholera. There are 26 now sick on
board, who will be transferred to the hos
pital ship.
HOnOrs TO General Scott.
The Common Council to-day adopted re-
solutions of respect TO General Scott. The
courts adjourned for the same cause.
A Decision.
Judge Nielsen, of the Supreme Court, has
delivered a decision in the case of James
Egan, a prisoner in the Albany peniten-
tiary, that the military trial Of a civilian in
times of peace is illegal and the conviction
void.
Wool Sales.
The offering of California wool this after
noon was fairly attended by dealers, manu-
faeturers and others from New York, Phila-
delphia, Boston, and adjacent towns. The
quality of the wool was not all desirable.
The best quality brought fair prices, but
poor descriptions sold low. As a whole,
however, the sale was satisfactory and all
offered was sold. The price ranged from
271c to 35c, cash.
The New York and Erie Railroad
Company.
The Commercial says that at a meeting of
the Erie Railroad Company held this morn
ing, it transpired that the present floating
debt of the Company is Sl,500,000, or as
otherwise stated Sl,70O,OOO, in addition to
which the Company now owe to Mr.. Drew
S2,000,000. 4 loan has been comparatively
recently contracted with Mr.. Drew under
which the Company hypothecated 1900
shares of common stock returned by Mr..
D. on the payment of portion of his loan,
from the proceeds of loan negotiated By
Mr.. Pearson, so that Mr.. Drew now holds
$500 shares of stock besides an amount of
convertible bonds as cOllaterals for his loan
of s2,000,O00.
The President, Mr. Berdell, assured the
Board that in the event of the earnings of
the road continuing to the end of July equal
to what they have been during May, The
Company would be in a position to pay a
dividend upon its stock, although we under
stood on good authority that the road made
clear loss of $4,000 upon its March traffic,
and $500, 900 upon that of April. Whether
the supposed dividend is TO be considered as
payable out of Mr.. Drew's loan or from the
profits of tie road we are not informed.
The public, however, have a very strong
opinion that the Company is disposed
to continue its old policy of borrowing mon
ey to pay its dividends. There would reem
10 be a very good reason for supposing that
the enormous sales of Erie stock during the
last few days have been made for the pur-
pose of raising money to pay a final install
ment of the loan to the Company. Of course
il is to be presumed that the stock sold was
that held under hypotheation.
The President says that by official author
ity there has been no over issue of Erie
stock expended for materials and supplies.
The whole Indebtedness of the Company is
S5,OOO,OOO. The condition of the road is
highly satisfactory, earning S25O,O0O a
month, and the expenses have been mate
rally reduced. The Company will pay the
dividend on preferred stock and hope to do
SO on common stock.
The Ship Carpenters Strike.
The ship carpenters now on strike here
have adopted a resolution to the effect that
if the bosses appoint committee to confer
with the trades the latter would be ready to
meet them and hear any proposition they
had TO offer. The mon spoke in very de-
cided terms as to the determination 70 obtain
the eight hour system, which they declared
was the sole question at issue, wages not
having had anything to do with the strike.
From Moth Carolina.
The North Carolina State Convention con-
tinued its deliberations yesterday. A reso-
luton TO sell the right ST the State in GER
tain railroads to responsible parties was
referred to a committee. A resolution ap-
pointing a committee to wait upon the
President with a view to early restoration
was made special order. There are said
to be 70 strong Union men in the ConYen-
tion and only 29 of rebel prociyities.
Prom Havana.
The steamer Columbia arrived to-day
bringing Havana dates TO the 26th.
The small poZ continued at Porto Rico
and had spread to several places near Ponc,
though it was decreasing at the latter
place.
The Bulletin says that President Boez is
unable to put down the revolution in St.
Domingo and has determined TO leave the
country. This statement, however, is
doubted, as the revolution is said to be on
a small scale.
Great preparations are making for the
reception Of the new Captain General.
The circulation of the Cronica, of New
York, in Havana has been suppressed on
account of an article against the Censor at
Havana. The Cuban subsidy of $500 in
gold to the Cronica has been suspended
also.