The New York herald., 1872-12-07
The Greeley Fund.

In another column of the HERALD we print
a feeling editorial from the New York Tribune
on the subject of the endowment fund for the
orphan daughters OF Mr.. Greeley, which we
ventured to propose some days since 1t will
be gratifying indeed for the public to learn
that the assistance is not needed, at least in
the form proposed; that while it will be difficult
for some time to state. exactly the condition of
the great journalists affairs, ''there is, it is
probable enough to quiet all the generous ap-
prehensions of the community" and that in
any case the sorrow-stricken girls are in the
hands of those who will be able and happy to
provide for their future comfort.
The proposition of the HERALD has already
been generously responded to, as the letters
aud amounts we publish to-day will indicate.
The subscription list already foots up over three
thousand dollars. Since, then, the family and
immediate friends of the deceased with heart
felt thanks decline the proffered kindness,
the question remains, To what proper use can
these sums, with the subscribers permission,
be put? Fortunately, we are delicately helped
to a conclusion by the article in the Tribune,
which says: There may be other methods
Of exhibiting the public iberality- methods
by which the memory of Mr. Gree
lev may be perpetuated, and which
would be grateful, not merely to his
circle of his admirers" There is, we believe,
fund in existence for the purpose of erecting
a statue to the deceased philosopher and jour
nalist, which fund was set on foot many
months ago, while Mr.. Greeley was still in the
enjoyment of life and health. To this fund we
propose, if the subscribers agree, to turn
over the amounts already in hand. So far
as the sum for which the HERALD has pledged
itself we shall cheerfully do 50, and in any
other way further the design of perpetuating
the memory of Horace Greeley.
AN IMPORTANT DECISION National
Bank of Tennessee advanced over thirty-four
thousand dollars to the consignees Of lot of
cotton, taking draft against the shipment,
which was attached to the bills of lading and
sent TO the Bank of Commerce at Boston, the
destination OF the cotton, for collection. The
latter bank gave up the bills of lading without
collecting the draft, and before the thirty days
had expired the consignees failed. suit was
brought by the Tennessee bank against the
Boston bank and it was contended that it was
the duty of the collecting bank to keep the
collateral, the bills of lading until the draft
had been paid. The United States Circuit
so decided, and yesterday gave the plaintiffs a
verdict for the whole amount.
EARLY CABBAGEs. Congress has commenced
promptly the work Of investigation. The
special committee to investigate the Credit
Mobilier corruption charges so definitely made
during the Presidential campaign has organ
zed and begins business next Thursday. It
has been charged distinctly that certain Con-
gressmen were bribed to vote for all measures
fayoring the Union Pacific Railroad, but the
general assertion is made that the members
generally were either directly or indirectly rec.
ompensed for their support of the scheme.
The committee. singularly enough. has been
made up from the friends Of the Union Pacific.
The report will, OF course, whiewasl every
body. ss all such reports do. and will find that
Congress is very b nesi. iicorruptitle body.