New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1871-10-27
HOW NATHANIEL SANDS MADE 5000.

HE PROVES HIS ABILITY AS A FINANCIER, AND
RETIREs FROM TIE CITIZENS ASSOCIATION.
A TRIBUNE reporter called last night upon
Cooper ascertain the truth Of the statement cir
rulated yesterday in regard to the withdrawal Of Ma
Shanie Sands from the Citizens Association, with which
he has been for long time connected Secretary and
General Mansgcr, at a salary Of $4,000 year. MT.
Cooper said THE statement to NJ. Sandss with
travail from the Citizens Association is true. heard
Tuesday night last that Mr.. Sands had received a
commission Of S5OO for negotiating the sale OF
Of city consolidated bonds. As this previously
$trey unknown TO the other officers OF the Association
] called upon Mr. Sands early Wednesday morning.
and asked him if it true He acknowledged that he
had received the commission, and produced copy Of
Aster from Controller Connolly authorizing the transac
HOn. Thereupon, with tho other officers Of the Asso
citation, requested him 10 resign which he did His
tRnatOn was desired because he had RECEIVED the com
anssion contrary the rules Of the Citizens AsSOc!a
zion, which forbid any officer thereof to accept CON
tract Of any nature from the CITY G1ysrnment -,
The following letter gives Mr. slndSs version OF the
transaction:
T'P article Ecen.ag Post of r,.
& M aa g e Hps 81 . we S e SGan sSb
r. 10Th Cav Of April 5 requested BY the SOl eI in the suJ
AIs-d DsCi Oi lie Ciy and Comfy Of Sss:Iotk.
CIR OF SLx.YORE DH 6 Q, PE ,a,
E.TsI ssO: 1;sES gar 81 Your long S I'd J%d
financial matters induce ash you whether would agreeable
to Ss paced .' Of t5s City "a New,
t Soneyoi tcaisp Of Europe dQuir.a asns yoSi
s r so oSIs SS enable you ",,S hS g
the bonds and realize sIpeCsaous Of The credit
ouI any sIpsn,s FOR advertising to this DeSamsn viii allow yOu
So5SS o. one per cert ana raoe in CoL hands S IsSo
1ss cSsR li lpd @ Of De Laws % G1 State Of New
TEA passed April 6, ls7l You, vey truly.
Per Cent ourreS q The cry and oDD'S
ss5' i: S ;1 S Sai' Ts '1
uruUb7u s OuI Of Eeb the City pad brokerage and it was
&c s s,se aS 70 IN stis Ses IaoaG debt
2: G ed GS9e s = % md SSns s
~ ey the labe Of daily erasS bah h TO
would certainly have rssy lowered p. Pre- Gs bond.
SS Ss r. ard SSS .Ies a11 O. those SsSi who
Se grett Of Europe and succeeded negotiating @
Sn A. IO5 T OF an for advertising Commissions an ehts
cVs for drawing s Of sIehange and Tor taking the m Of
s y thus receive. III 10, s1 Per Cen. Gold
SOsd which equal 70 100 9loS ~ Seven Per Cent Currency bond
S higher pnes than e bad received in number Of for is
S even when ~ Si s s 81 9S v w S E
guGhd house Of Roihschd placing this loan upon the u
y favorable and draw NewYok large Of
g AY There have been prepared daring several months P,s
81 BSICps s S have been RleL weekly S1s c
E N Europe sCrE eOy the principal banking houses
e credit Of scqTos and eBaGs .5S way ~ OSi0 even
Of the projected Improvements in the docks and
CIV Of Providence Ibou. this loan placed
sdTtTdd cent gold loan Of =+OOCO Tle saoceeIed 10
e S Sas much lower TIE CIV Of PovicHoe celebrated for is
great public debt these the best rates which
TIE tn EvIAg Post that the market value Of The
bOad us sDreV incorrect as no sales we're made IN TIE mLt
Il pce above the Of 1904 for Seven Per Cent
M Year Cerrsnsg bonds q: ssSVR BY AZ hs qa9fOs Ss
SsossSn Of e s0d success my shown the
AbOve statement vii meet The aPPro''oi all 1a'Se's men
Nop- York Oct 70, ISL.