New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-07-11


Withdrawn-Issue of New Stock for a
Chicago RailrOad-Secret Meeting of
Hibernians-NO Orange RiOt-Suit by n
Railroad Company-Parade of Eiberni-
ans Wednesday-GO Dull and
Weak-State Bonds Very Dull.
New YORK, July l0.-It is freely re-
ported that the new government loan will
be withdrawn from the market.
John L. Tracy, president, has given notice
of the issue of 20, 600 shares of additional
stock to equip and operate the Chicago and
Southwestern road, and to extend the
Washington branch to Sigourney, Iowa,
and other purposes.
There Will be secret meeting of the
Hibernians this evening, at which delegates
from Philadelphia and other citizens will be
present.
Mayor Hall again says there will be no
riot, and that the Orange parade will be
protected.
The impression prevails that the Irish
will take the advice of the clergy, and not
interfere.
The Western division OF the Western
North Carolina Railroad Company brings
suit in the Supreme Court against S. W.
Hopkins & Co., to recover SS00,000 on an
accepted order. The suit grew out of the
issuing of $4,000, 900 bonds of the State of
North Carolina to plaintiff, George Sweep
SON. who was president of the company at
that time, and Milton S. Littlefeld. 1t is
alleged they had the bonds in this city, and
with somewhat over $l,000,000 of the pro-
ceeds bought the bonds of some Florida
railroad company, which were afterward
consolidated, and which the Florida Legis-
lature offered State bonds in exchange for
first mortgage bonds of the consolidated
company.
These Florida bonds were sent here to
Hopkins & Co. for sale. The State of North
Carolina however, appointed commits
siOner TO examine into what had been done
with the bonds of the North Carolina Rail
road Company and it is alleged, under a
threat of criminal prosecution, Sweepson &
Littlefeld gave an order for eight hundred
thousand dollars in favor of the North Car
olina railroad, and offered to furnish iron
for tifty-three miles of that road. This
order Hopkins & Co. accepted, but after
ward declined to pay, whereupon S. w.
Hopkins was arrested, and placed under
three hundred thousand dollars bail to-day
A motion was made to vacate the order of
arrest.
1t was argued by the defense that Sweep
son and Littlefeld had no right to pay their
own private debts to the North Carolina
road with the proceeds Of the sale of bonds
issued to the Florida railroad company for
a special purpose. The plaintiffs argue
that by accepting the order the defendants
were not in position to question the
plaintiffs right to the road.
Decision has been reserved, on motion.
1t is now stated ON good authority that
the Hibernians will parade Wednesday,
headed by man called Captain Cleary.
The number to turn out can not be ascer-
tanned. 1t is said the Seventh, Eighth,
Ninth, Twelfth and Seventy-irs regiments
will be ordered to hold themselves in readi-
ness at their armOries to aid the police, if
necessary, to quell any signs of a riot.
Evening. Gold closed at 1885 0l2a4.
Governments dull and weak. State bonds
very dull. Money easy at 203. Sterling
long, 1019; short, IL.
Gold opened at l234, rallied to 1873, down
to 1888, closing at 1925 a l2a4; skies of 1881,
lis; five-twenties of 1862, 1l49s; 1864, ll3as;
1865 1874; new, 1929; 1867, 1928; 1868,
1925, ten-forties l12ls.
Tennessees 7l14 new, 7lla; Virginias
6512; new, p; Louisianas 60; new, 63;
levee skies, 70 eights, Sc; Alabama eights.
9819; fives 6S; Georgia skies, 81; sevens 9024
North Carolinas 46la; new 27.