The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1871-10-10


o,; MANY Western railway stocks heavily de,
er ca to-day and there was an entire absence
Stock Board. |GUGT IN - - -
Excisemeut about the Fire.
g Aoaltional news in reference to the Chicago
IRE Is snxlousiy looked for 10 New York com
nerc'ai circles AT the Produce Exchange
tent OF the loss, Many prominent merch nts
ate that as soon as full part'cui ,rs of requr-
ments of the occasion are known move ment
WIZ % set 90 foot to afford liberal relief to the
sufferers. Is p.#uss rr.55 80, n -,
IdI 81 No M ore bonds. qa b
The Board Of Apportioument met this after
noon. A letter was received from Depu v
Controller Green in reference to the resolution
passed by the Board on the 4th of October for
the issue OF bonds for an additional approprIa
ton 10 tne Fire Commissioners. The letter
concludes, saytng:-"tt seems to me mex pedi
cut 10 present circumstances to issue bonds of
TIE city for purposes referred to- After de-
bate the communication was laid over till the
xt meeting. t.. ..,..-.. .-
Tam many Condo mned by lis own Com
mi,t-e-The eity Officers Implicated
Wholesale PIunderinx and Fsrsers.
The joint investigating committee of the
Aldermi n, Supervisors and cit Ms met in a
room OF the Supervisors in the County Court
House tod y at 8 O'clock aud the citizens sub.
miLted reports that they had been preparing
tor months past The reports compriae:
FIRST VIM. A. Booths reporIsFe
Secood-Ehe repo, on armories.
Third-A report on city aud county appro.
pratiOns and expenditures a-r---fger ~
Fou, th-- A real report on pay rOlls.g
ith-A report on the Schuyler frauds b.
X These reports are vOluminous, compreben-
sive aud conclusive They established beyon d
reasonable doubt,
F!rst-That the city debts practically $780,
600 600 - - . ~ 10y
Second That not merely extravaganza but
fraud and populations of the grUssest character
have been practcej in several departments
with the knowledge of their heads -ilI / ,l
Tbird-That the debt has been doubled every
two years since 1859
Fourth-That the Mayor is responsible for
the continual continuation OF wholesale rob
berry OF the city: 5i.. ID ssi.i
qFifth-rhat it costs nearly as much $780,,
600 600 Year, to run the Governmeb t of this
city as to a 1minister that Of the whole nation.
-Sixth- That while 1921 1865 81 were paid
for armoIy repairs, &c., The actual expeudi-
ture was not more than 5000 463 10 other
words the Ring stole on armory accounts alone
$3029 402 60 .trsp
Seventh That immense sums have been
paid for services unperiormed to men unk nov n
in offices from which they drew their saiar les
Eignt-That the Schuyler frauds, by which
the bills OF one of the contractors were raised
from $4,000 to $468,0O0 were committed
The Chicago Fire and Insu RIA nee Com
panIes-Th Best New York and q a 4.
ern Companies no, Heavily InvoIved.-
Los. of Mer, hanis. Ed sI.si asb.
The great fire ia Chicago continued the all
absorbing subject O. discussion in the business
circles TO the close OF the day The fire will be
severe bl W to the great insura ce interest of
the whole United States and MANY, English
compar les with agencies in this country will
also be affected. At most every prominent in
snrance company in the United States has an
agency in Chicago, and if the fire had occurred
three years ago the loss of the Eastern COM
panies would have been much greater than
now During the last two years the rates in
Chicago have broken down and business of in
surance greatly demoraized, the local compa
MES continuing to write as heretofore while the
better class of Eastern and New York conpa-
nies contracted their lines as rates declined.
MES will suffer heavily, perhaps none of the %
will be so seriously Injured as to suspend The
mercantile interes Of New York city must
also suffer from the Chicago fire. New York
sod to Chicago merchandise each year high Ii D
in millions of dollars. A great many Chicago
merchants will be entirely ruined and others
partially SO, and New York merchants cannot
but feel the effects.