, 1873-10-25
FINANCIAL.
An Expose Of the Lake Shore
Stock Pool,
Settlement Of the Lake
Shore Dividend
Loan.
Vanderbilt Gives His Notes to tho
Receiver of the Union
Trust Company.
That Presidential Letter
Again.
Merely q Document Ihat SAID
Nothing.
Only IN Expression Of Good
Will from the Sphynx.
Collapsed Houses Bfeoting Settle
ments All Round.
Government Will Pay Out Silver as
Soon as Convenient.
The New York Banks Able to Pay Five
Times Their Liabilities.
Later Heports from the Manufac-
turing Districts.
Government Will Pay Out Silver as
Soon as Convenient,
The New York Banks Able to Pay Five
Times Their Liabilities.
Later Teports from the Manufac-
turing Districts.
NEW YORK.
Special Dt&potch to The chtcagn Ttiduht.
THE uNraN T111tRr cnMpiNy

NEW TORkt
Spec'ai Di&patch to The Chicago 7tihuns
THE UNION TnuBr COMPANY.
NEW YonK. Oct. 2i.-The Committee Of tho Union
Trust Company appointed to consiler measures re-
hitting to the rcaumpt!on Of buslncss reported today,
advising tho Recctyos Of tho Company 10 accept the
terms proposed by Commodore Vanderbilt In the mat
ter OF te Like Shore loan. Receiver WcAey refuses
to give any information concerning details, but 1t IL
officially known TINT Commodore Vanderbilt declined
bis original proposition viz tog1ve hs notes
o0o payable in three SIX. and nine months,
secured BY Harlem Railroad stock at 0o The Trustees
Of tho Trust Company have been obliged to accept tho
ocs and IL III understood TINT the Receiver will apply
to court Tomorrow for permission 10 sell the notes,
bids having already bcen malo for them. It Is ex.
o!e ana IN a5ditiona} sum Which to % stocknoders Il
Will aubscribc, the Trust COMPANY. w resume bust
aess ano1s shs lat s'an M increased csa Of
busnas. es''e W @Gs Ss N msas e
on hand, according to the present yslue II lheir
sccurtier, an amount which will justify them in re-
At meeting OF tlle creditors Of Kenyon Cox Co.
{Daliel Dtrni, at WHICH ssyen.tenths present,
withhold from the public. .:,-,
have maae proposition a ths ersaora FOR ,s..
mcnt, which large number Of banks, their primary
creditors, have accepted as satisfactory.
tn the Assoclated Ftts*.1 -
FAHpEK111T AND TtlE LAKE SHORE STOCK FOOL.
Nav Yonx, Oct. 24-The Sun says that somo nonthu
IL and H. 6aSof ss
er, Of ths Lake Shore R'llroad Company, formed
oo' fos operating Ia ao socks Of that corporation.
The carttnl OF the pool was to be a. from to
ornuo &Co. With he approach oi tho psnse railroad
heavily loaded with Lake Shore shares thy were mt
to their ws end TO raise money to keep their margins
Selves otceEs Of the Union Trust company, for The
ss %s 1sa s t. g. So sanor
izea to Eniao the needed money them. Commodore
ba sTess ot ~ 5
transter Of these bonds. and insisted that the msm-
their equivalent. Banker ha- mads over to tho Com
modorc real estate valued at 800 o0o The Commodore
s ss%a nss o5as snass sed sshe y .a to b.
Commodore Yande.luit was to secure the latter tor
advances made during tho lutte panic
Commodore Vanderbilt, when questioned this morn
iRg sa1d hst hs knew n. nothtng concerning Lake
The 1T a n o
Company. Further than this he could say nothing.
the bonds ii qucstien wore transferred to lin by
Msssrs Clarke schell, and bankes, Executive Com.
mites OF the Lake STORE Company, IS collateral for
purchases Of Lake Shore stock Whether purchaHes
were udo for private fntorests for tue benefit OF
the Company, he waB unable to say, but 10 supposed
TIE latter to ba The object. Mr. scae! when quea
toned on the subject, was disposed to be very re-
cont saying that The did mt purpose to answer ncwe-
PAPER ATTACKS upon him. He would only say that tic
bonds were properly served and properly applied and
that al trassacoas In regard to them were perfectly
satisfactory to the managers Of tho Lake Bhoro
Company. III. Worcester, Acting Treasurer OF
falcaton in that corporation waa entirely without
foundation. The accounts Of tho Company wers per-
fectly correct In regard to the houla tho Company
had obtained their valne. and hAd longer sny in
forest in them. Their transfer stopped whei ths
Company received notice Of tho bankruptcy proceed
inHa against Grinne h Co., the Company could no
lon9cr Judge In what cases their sransfor was just
dahle,
CONDITION or TIRE nANKs
Ths manager Of The Clearing -1Iouse says there ia
truth In e report Tint several Of ths Rss0ciaed bnnks
wore embarrassed. lIo states hat nil the banks
In position to pay Ave timer their liabilities