Sunbury American. [volume] (Sunbury, Pa.) 1848-1879, 1872-01-13


severed his connection with that firm ut
the expiration of two years for S0l, ,OO0.
Fisk having heard that the Stonington line
ofsteaners were for sale, came to New
Y GOrk in 1853, aud by some hocus-pocus
secured the negotiation for their sale from
Daniel Crew, the proprietor. This opera
ton proved successful, and Fisk now enter
ed into speculations in Wall street, and in
less than two years lost every dollar he
possessed. With the assistance OF Drew
he established, in 1866, the firm Of Fisk,
Belden x Co, brokers, and WIS, with Jay
Could, elected one of the. directors of the
Erie Railway. During February, 1868,
the famous overissue of the stock of the
Erie was completed, the capital of that
road being increased from $4,000, 900.
Fisk and Gould thought they could make
immense fortunes by this o. Grafton, and
induced the board to purchase, at 40 per
cent, S3.O00,OnO of the $40 O,OOO,OOO ofstock
held by Com. Vanderbilt. At the same
time they paid Vanderbilt 800, 600 for the
the contract for six months of his remain
ing S5,000000. They then held the $10,-
OO0,0U0 short" aud so worked that the
stock fell from T24 to 35. They then in
creased the c0mpany's stock from S34 600
OOO to S)I OOO,OOO, purchasing Vanderbilt's
stock at per cent. with the pr ,cecds of
the sale, clearing over Sl,12j,U 900 by this
transaction. He now, in July 1868, dis
solved the brokerage firm, and together
with his co.conspiTator set machinery in
motion to obtain control Of the Erie road.
by prosecuting Eldridgc, the president of
the road, for liauduleuty using S5OO,O0 of
the company's money, he compelled him to
to resign, JAY Gould became the successor
of Eldridgc, and Fisk bought Pixies Opera
House for SS2U,OUO in the name ofthe Erie
company, but becoming dissatisfied with
the purchases he assumed the bargain him
self, paying the company with some of its
"wateredn stock. lie subsequently, pur-
chased the Fifth-avenue Theatre and Cen
trail Park Garden. His shameless use of
power led him into difficulty at last, and
re has met death at the hand Of an assassin
when he least expected it, thus ending
life by no means an exemplary one.
4-----
LEGIsLATIvE.-The State Senate unex-
pcctedly elected a Speaker without difficult
iy on Wednesday last week. After con-
sultation with his party friends, Senator
Buckalew voted for Mr. Rntan, (Rep. and
lac was elected An election has been or
dercd on the Both inst, in the fourth Sena-
toridl district, to iii the vacancy from that
district. The Senate and House adjourn
/ ed over to Tuesday evening last, to allow
/ the committees to be appointed. On The
reassemhling of both Houses, the following
proceedings were had on Wednesday -
SENATE.
HARRISBURG, Jan. lO.-Thc Senate met
at II O'Clock.
Deputy Secretary Roiumhl presented the
annual message OF Governor Geary. which
was read, and, OH action Of NJ. White,
was ordered To be printed.
Mr.. Graham, Republican, offered the
following -
Rcso.re@, If the House concur that so
much OF the tOVcrnDr'S message as relates
to the collection of he war claims of the
Commonwealth 10y George .. Evans be re-
irrred To a select committee to consist OF
three members of the Senate and five mem
bers of the House, with instructions to in
qulre into the facts attending the settle
ment of said claims, with power TO send for
persons and papers, aud to make report tc
both houses.
Mr. Buckalew hoped that particular in
quiry would be made about the state
mcnts which had been contained in Cover
nor Curtln's message. That Governor had
. said that The claims had been settled ant
adjusted. He must have had something
on which to base Inis assertion. One o.
the most obscure circumstances connected
with the whole affair was that the Treasu
ry Department at Washington appeared tC
have made different statements at diiiercn
times To our State authorities, this gave
rise 10 the suspicion that our claims haC
been manipulated. lie (Mr. Buckalew
had such confidence in Governor Curtin
that he did not believe that he would hay,
made his assertions without satisfactory
evidence.
There was suspicion that the State ac
counts in the Treasury Department haC
been handled in manner demanding a ri
gid investigation. The people would b.
satisfied with nothing less.
Mr.. Graham lRepublican) believed tha
the resolution which he had offered wa
sufficiently comprehensive to get at all tn
facts.
Mr.. Davis asked whether il was the in
tentiun OF the Commissioner to communi
cate promptly with Governor Curtin. ii
supposed thnt this would he the first step
No answer was ruturued. The resolu
tion was agreed to.
The Senate proceeded to ballot for clerk
the fifth and sixth ballots resulted in |
. votes for Jacob Zeiglsr, Democrat, agains
l3 votes for GCorge w. Hammersly, Re
publican. Mr.. Zeigler, the acting clerk
7, then stated that in order to facilitate tn
, the public business, he promptly decline
, 20 he any longera candidate. The sevCnt
ballot being taken, a statement was mad
by Randall, Democrat. He said he beiey
cd the time had come when the Senat
should be permanently organized.
He had voted with his PARTY up to tn
. pr, sent point, and now. without any cor
sultation with his colleagues, but in ordt
4 to avert any further delay, AS Mr.. Zeiglc
: positively declines, he would vote for til
i, Republican candidate for clerk.
=, The result was:-George w. liammerslN
4 II votes Jacob Zeiger, II votes.
!. Mr.. llammcrsiy was declared elected.
;, Mr.. Randall moved that the remainin
! officers of the Senate, all Democratic, hol
: their positions until otherwise ordered.
:, This gave rise to auhnlted remark
/, among the Republican Senators, some
= them, including Messrs. Davis, Of Phil.
4 dclphia, and Alden, thought that Il
= Democrats had acted with so much ma,
: nanimily thai it was policy To adopt Il
resolutions offered by Mr. Randall.