New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-12-16


The committee appointed to select site for the
Stock Exchange have received number OF propositions
from property owners, but have decided that they will
not take any hasy action In reference the matter.
majority OF the Board would prefer location near the
new POst-Ofce for number OF years that must con-
tnue the central point Of the business community The
high prices Of the property fronting on the Park will
probably prevent location there, but the Old Herald
Building or the American Tract House would give the
necessary accommodation. and be within convenient
distance of the banks well OF all the out-otOwn
railway lines. The Aston House s considered the most
desirable location in addition 10 the accommodations
for the Board there would be Offices enough TO accOmmo
date majority Of the brokers' but the present occu
pant OF the house has long lease at low rental Is not
probable that any arrangement could be made that would
give the Board immediate possession IL is conceded In
all quarters that location Printing House.square
is desirable The amount Of land required for the
building is at least 100 by 80 feet in order TO make
room sufficiently large to contain the members Of the
Board, which number nearly 1900. The rental now paid
by the Board to the Building Association is about $780,
OOO and believed that the accommodations can
be had at much lower rates.
The failure Of the house OF Richard Patrick Com
pany, reported yesterday. the commercial commu'
ny great shock they supposed 10 be first class
in every respect The msfOrtunes OF the house were
due to the impossibity of making collections in Cali
fornla where they have had extensive business 1t is
impossible as yet 10 state amount OF their liabilities.
It is reported semiOflCIa authority that the pro-
posed consolidation of the Lake Shore aud Michigan
Southern. aud the Toledo Wabash. and Western Railway
Companies likely to be defeated, owing 20 the strong
opposition OF the stockholders OF the former company,
Of whom taking steps in OHIO to prevent it, In
of this action Of the stockholders the directors OF
the Lake shore will not solicit proxies for the
the question which will be taken the goth instant The
prospect OF the defeat Of the consolidation has favoraby
affected the price OF Lake Shore, and unayOrably af
fected that Of Wabash.
The agents OF the Midland Railway report heavy de-
mand for the bonds OF road by aud large
amounts have been taken by persons who have examined
INTO the value OF the property
Messrs. Henry Clcws Co, agents OF the Burlington,
Cedar Rapids and Minnesota Railroad, report active
inquiry for the bonds OF that road.
No new developments were made yesterday in refer
TO the Bounty Loan frauds. The public have for
attempted TO make scape-gOats Of the Off
OF the Manhattan Bank The facts OF the case do
warrant the freely bestowed. After the
bank officers discovered the forgery they dispatched
to the various offices TO give all the
particulars their possession In reference TO the fraud
but for reason yet unexplained the facts
given Office only. The bank holds the $20OOO
Bounty Loan bonds left by Mr. Gray, and have done
everything in their power to discover the rocucs.
The President OF the New-YOrk Stock Exchange in
order that all interested may have early warning OF any
future frauds the alteration Of stock certificates has
published the following letter;
NGw-NO STOCK EXCHANGE. NEW YORK, Dec. Is. 1862.
900 behalf of the New York stock Exchange would
quest those having knowledge OF any circumstance
euIaed 10 excite suspicion that fraud about 20 be
perpcratcd by the altering circulating OF stolen,
altered forged securities otherwise to cOmmun-
cate their Suspicion 10 me- in my absence 10 the
presiding officer OF the Exchange in order that the
muuIty may be warned by announcement from the
rOstrum OF the Exchange, well as by the telegraph
which Is operated IN the Exchange building. An
announcement made at the Exchange and dispatched
the wires, would IN few minutes be received In
the Office Of every firm. bank other institution IA the
country loanlug Oh or dealing IN stocks or bonds
WM. II. NELSON. President
The Annual Report OF the Treasurer OF the State OF
North Carolina to the Governor gives the following facts
There Is unpaid past due interest maturcd
the LIST days OF January, April july aud October 1869,
Sl,u329G2 The present Revenue Law Will probably
bring into the Treasury exceeding 5000 900. All OF ths
VIII be needed Tor the support of the State Government
until receipts Of taxes for 1870 shall Hence,
there viii De 10 funds for the payment OF the interest 10
become due on the lst days OF January july and Oco
ber 1870 Leaving ont the Special Tax bonds there viii
be thus due up and including October l. 1870 2OJj
Of interest which the State Will have OF paying
In cash. The report makes statement OF the amount
Of the special bonds. Exclusive OF the special
bonds the debt on tie lst October, 1869, amounted TO
S2J.sI5Of5.
baDuI'rmeD 0o''o'
Cash on .............. slGrs
Ga lot October 100 tue debt lJt9Inu
90 lst October 1905 the debt 1905 gG
Aside from indebtedness for increase OF debt
i year OF sOGOG0OO. Beside this statement Of
standing debt, there $4,000 TO which companies
entitled, but remaining IN treasury unCded for, and
$40OJ retained to Tecure payment OF interest These
Items Will make total amount Of debit t54Oy4Ol5 Against
TINS amount the state holds S2I,7z 900 OF railroad stocks