, 1870-03-18
HEW YORK.
Special Dcapsth % Tbe Chicago Tribune
KKU RAILWAY.

morning viii publish the speech OF Charles Burt,
solicitor Of the foreign stockhoadcrs Of tho Erie Rail-
WY, before the Senate Committee On Railway at
Albany, yesterday. Nj. Burt sald that the total
share capital Of the Erie Railway Company u
something over s7b,ooe, 900, and he claimed to
speak On behalf of 81, ,s rnree-nt1hs
and mors Of the entire sharp cspi-
tai OF tie company. He sid an
the sha1chobden be nad seen, beth
In England and America, hoped be would saeceed
In securing the repeal Of the act continuing the
present nAecuss in o1lce. He painted out several
violations Of law In the management Of the COM
pany1 ana!ra; among other things, the closing Of
the transfer books sixty days before election. and
said 1t had necn sworn BY ono Of the former Direo-
iors that stock certificates for $50 700 900 were pr
pared and aiRned, ready 10 be Issued In
case proxies sustained BY the Directors were
insufficient tp CARY the election. Out Of aoo,Up
shares belonging to parties IN London there arc
over 900 at this moment standing IN the name Of
Smith, Gould, Martin L Co. This viii account In
some measure, for the great number Of votes said
TO haye been obtained by Directors NJ the meeting
In October, 1861 Holders Of those shares, being
nanJ thousand mt1ea away, know nothing OF this
election In regard to the management Of the
read, he sald the pronta On similar lines of
rnad IN this country vary from 50 to 20 per cent
Of the gross receipts, but the pronts OF the Eric
Road arc something Like 90 per cent He said the
foreign stockholders had no political or personal
motives in their appeal but simply wished to secure
the election Of an honest Board of Di.ectors 81
that their interests could be protested
VESSELS Ashore IND LIVES Lost.
-Four vessels went ashore at Long Branch yes
tef.lsy, and three on the coast OF Long Island.
The crcws OF two were entirely lost, and three
men on another were drowned while endeavortng
to reach shore
WALL STRICT.
rtafv 4.
and toward the close Of business per
cent was the ruling rate among bro
Eers with mixed collaterzIs; 5 per cent
ou Royernnenta- Gold speculation Was quite nc
tive, but not up to the excitement Of last week.
The pr1nolpat operations were based upon te1e-
91ums from Washington about the Funding bnl.
The lay's bu6tness Is estimated at hIty millions
RAILWAY LOAN
The lean for tho Mexican Overland Railway will
bc nut on the market soOn, boscd on large g.Dnts
OF land by the Mexican Government, both On the
tine Of te road and In the northern part of the re-
public. General Rosccranz Is Interested In the
enterprise, and proposes To establish an American
| colony on the land granted to the road
ALTERED cnIcEA
| Alarm about altered checks continues, anil bro
kers are busy devising means TO prevent further
| fraud. Some OF them propose checks on
g7een-sinted paper, thas will absorb the ink, and:
others propose punching figures through paper to
show its value. Several brolera sent to their
banka memoranda Of all checks they drew, to nVe-
| vent certificate OF altered onea Additional
| frauds were discovered to-day-onc OF 5000 md
another for fl2 900, Financially, this Is tho most
dangerous fraud ever discovered Oh Wall street.
TO THE ASSOCIATED PRESS
| TER FORGED CHECKS. .-..-,
NEW ToGK, March 17.--F Further developments In
tonic Of conversation In financial circles to.taJ.
The losses OF hanks It Ia stated, Will reach tlo0,
sn ~heqe ne os. ~ ss I'll hs4s
growing unehslncfa In regard TO tho new issue Of
gu1d certificates, as they are not 10 well guarded
against alterations the nrBt certificates. To-day
number OF brokers were sending to their respcc-
tive banks memorandum OF every cheek they
drew 80 a. TO prevent the ceTttncation Of Altered
checks Another forgery came To light, Involving
loss Of $40 900 to brokers' 1rm- person called
I uron Charles AugsE Co, with letter Of Intro.
@ hsI of eos
executed, and the bonds dclycretl In exchanR. fos
check upon the Ninth National Bank, apparently
An npsuccessful attempt has been made to pass
mn altered check OF Kemp, Day Co, altered
fTom $50 10 so,ca5, IN ! similar manner. The
swtudlers hare not yet been discovered.
THE FEELING IN THE ao1n RooN.
The Gold Room was the scene Of animation ond
vide fluctuations this AFTERNOON. A aEst It va!
postponed the consideration Of the Funding BIZ
nntii after the Tariff bill had been disposed OF
, This caused an upward movement IL the premium
turned downward bJ the announcement that Sec
retary Boutwell, was before the committee, press
paft RS u sss %a2 fsnaSg h'l m@elstel, @sta IL +
oriKna, shape inslndng :. the a.,,, fIo,siR, Iot
I was reported that Nj. Boutwell, WIS on the door o
the House pressing members 70 pass the blu
EoTIuN MARKET. .....
The cotton market WAS quite animated, with
further rtee In prices Low mddltnRs sold ut n 4
en the spot, and esc foE nll The months to IL
close Of TIC cotton year. Mddunga sold At 231x
The spot Te aasanse "as ss1sea oy tSe eos e
cutton short closc Oh to the lowest point ahor
q time since Rumors Of failures among bears 4
| Liverpool stimulated the covering process
TIE ERIE SUIT A8ArSHT vAfpsRbI1r.
The hearing Of the suit Of the Erie compsu
against Cornelius Vanderbilt continued to-day
rns s.tes %ss
humorous, containing IN account Of the tnterv!e,
with Vanderbilt about settling the s,it md aucl
than batter r. puddInE;n TINT Edridge vas q Dc
rnorAl!zed concern, and had no head Of tAli; tha
s4 ae Mas4 o eed
5 lion. W,l1iam N. Evarts has been retained h
tue English steckho1dera who compose the Eti
suit againAt Fisk Could
kNBEzzLkHEsE IL
Q Cashier Of the F2rEers' and DroveB' Ban
OF somers, charged with the emhexz1cnen
given that the accused made three false entries i
The books, representing three payments of 81 10
, u TIC National Bank q P.uldins.
George r. L Bowdcsn, well-known lawyer, 70,
0 merry attached to the army, died IN London, O
Monday, Of conscstion Of the brain, agca a.
i he fans!ai Of washington, diea = 5sssss ssa
II. W colncf, The wcn.known iron merchan
tlled this evening.
o Judge Van Brunt has made perpetual inJunt
toG Icstain!ps la r. HeEs 1a. C. from nsnx u
E1g1n, III
=. CUsAH An
At q special meeting Of the Finance Cun1ulttE
Of the Cuhan League, yesterday, 1t was resolve
that the 1eaGue will not so.tct pecunlry sId froi
o persons who arc not members Of the Organization
. sCTT OF TIE ENGLISH ERIE 8TOCKNGLpkA
The report 30 generally published, to the e1e<
that Mr. Charles Burt had resigned his position
q agent OF the Efte stccshe1den' Protection Comm!
% this morning hy the Tti6un<, which saJs Mr.. Blu
has not been daunted by the difficulties inhts VA.
nnd as 1 no Tns Is besu w % tuTe u se,u
| the necetsaJ papers upon &eAs1s. Gon1d and Fla
IL md the English shareholders may depend upe
<. latest effort to project their interests
NAILS DELAYED. -.
:" AL mails nom the Wcss were delayed BY u
severe storm Of yesterday.
:. Governor Chamberlain, Of Maine, sent the Il
= lowing cunous communication to the House
p, Of ~ sss.e o.
80 Of the Public Laws Of 1saa relating to the sale
= intoxicating liquors, has been laid before me
i approval some Of its provisions = anpssI 70 ss b.
sideriag that the b has passed both Hcuses vii
70 out opposition, hare given it my ot,cll sign
10 tuIe-"
" Cod Liver CT