Rock Island Argus. (Rock Island, Ill.) 1871-1872, 1871-06-23

WASHINGTON.
[Repor ed Expressly for the ARGUs.

SPRINGFIELD, June 22.-Both Houses of
the General Assembly adjourned yesterday
at l l clock, without day. About half of
the subjects named in the Governors call
have been acted upon. The next session
will meet in Chicago on the 18th of Novem
Der, where it will remain two or three DAYS,
when it will have 10 return to this city and
complete its labors, as no constitutional leg
islation can be enacted at any place except
the seat of government.
SAN Francisco, June 22.-Gen. Henry
dRight has been renominAJed by the Dem
ocrasic State Convention on the snti-rsil-
road subsidy platform on the first ballot
Lewis for Lieutenant Governor; and jackson
Temple and Selden S. Wright for Supreme
judges. The platform opposes Chinese i'm.
migration and railroad subsidies, and &C
cepts the result of the war and the constitu
tion as it now stands.
WASHINGTON, June 80 In the joint com
mittee on Southern outrsges yesterday
Stephenson, of Ohio, offered a resolution tC
send & subcommittee of three into the DIS
turbed sections of the South. The Demo
Gratis opposed it, snd on motion of Senator
Blair, consideration of the resolution wal
laid aside for the present.
/ Pierce, Mayer of EutGw, Ala was ex
amined, and Judge Richard Busteed, of tn,
! United States Court of Alabama, arrived
! here in obedience to summons, but wa
not examined.
Secretary Belknsp leaves Washington
tomorrow for Princeton College, where he i
to deliver the annual address.
| NEw HAVEN, CoLn., June 23.-Prof. 0
c. Marsh and party, from Yale College, lef
to-day for the Far West, 10 continue thei
geological explorations of last yesr. The
will spend the summer in the Rocky Noun
tains, the autumn months on the Pscif
coast, and will not return before Dece bel
/ SAN FRANCICo, June 23.-The natives c
Atssce and Lorraine resident in Cslifornis
enter protest against the cession of thos
provinces TO Germany.
The collector at Sitka seizes and return
to Ssn Francisco all the ale and bee
shipped there. Merchants have charge
that he is interested 10 a brewery at Sitkl
which is in fun blast.
= NEw YORK, June 23.-The Tribune, Il
day, will have the following in reference t
the Rock Island panic:
The general drift of the comments upo
the Rock Island affair was violently denun
eistory of the principals concerned in
/ Woodward was alleged TO have dehberate
Piundered the street of from 100000,
81 ,000, 900, and in doing so 30 have remors
essly broken down q dozen or more smsIit
firms, dependent upon him; he was pr
nounced q confidence man of the first ma
nitude. The basis of these allegations is Il
! old story, that while employing one set
= brokers to run up the stock to prices whicI
n as when Speyers was bidding LEO for go
4. on black Friday, were neveI intended TO
paid Other brokers were rapidly selliI
for the Clique to bona 6de buyers, making
actually game of Heads l win, tails u
!. lose The pool paid out nothing, but 7
ceived large sums, in possession OF whit
mem bers of il failed. An incident OF 4
= affair was developed yesterday, which seen
q to Illustrate very fully the tactics of the poe
}. 4 broker had borrowed 500 shares of Ro,
Q Island stock from one of WoodWRrd's me
and, Tuesday afternoon, was peremptori
required TO place large amount of mon
{ to meet the fictitious rise in price csus
n By the pool he sold the stock at an ear
q hour Wednesday, then demanded a retu
= of the amount put up as q margin, but "
tOiuy W Q nave Ihlleu. Ie DFouRut Su
and yesterday Sheriff's officer went to t
1t safe at the deposit vaults in the Stock L
u change building to selze the contents Of t
N box owned by the failed broker, but the b
was found to be empty. The victim tn
attached the bank account Of the slippe
'e broker, oonErstuling himself meanwh
ID that be Was the frat in the field, and q
er ssjil e fair prospect of recovering the amor
mr. which he claimed to have been robbed
Many similar cases are presumed to hs
~ occurred, growing out of tbs pools Eystem m
en buying on credit and exAotiug cash on sal
RS though such talk has never heretofC
no amounted to anything. It now appears
:. be quite seriously proposed to MAKE
e. thorough investigation into the late corn
~ and hold TO q strict account those found
~ have been concerned in the swindle. Wo
ward is said to have failed under simi
'nt circumstances, four times during the
nd FIVE or ak years. One saysif the MOI
Gle market had happened to be tight this til
crash would have swept half of v
street. 1t must be made actionHble to ,
. games Of this sort, and the Board of BroE
must aft this affaiI to the bottom"