New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-09-08

TIE PRESSURE TELLING UPON THR BULIS-JAl
GoULDs REPORTED SALES
Wall-st. was again agitated on Saturday by
Afurther decline gold from l1Ii to 1922 Rumors OF
impending failures among the bulls" freely cir
eulated but up to the hour OF the closing Of the Ex
change nothing OF the kind had been announced. Jay
Gould who is generally conceded be the leader of the
"bulls" was reported 10 he very badly crippled and
even had it that he had 10 rupture win
his brokers and associates the clique and had maze
assignment of his property his wife for the pur
OF saving 1t from his creditors INQUIRY revealed
the fact that he not at the office OF MS regular
brokers, but failed to elicit any confirmation OF the
alleged assignment TO his wife Other statements "e'e
the effect that he had heavy seller OF gold ana
shat his had broken the market II was oeheVeu
that out Of the slO In gold which he was supposed
10 be controlling he had sold at least $lOooWV. IL was
alleged that some days since his brokers' peeVip!ns
alarmed at the prospect before them called upon him 10
take up the gold which they were carrying tol lp:
This he was not able TO do and large quantity wassoid
ont for his account Finding that the gold would be
sold be ordered additional amounts TO be sold thus ac
celebrating the decline. His brokers are also reported 10
have sold large lines Of certain stocks which they were car
rying on his account and this s attributed the oreaK
IN the stock market. AS he known 10 De SNORT VI
LARGE amount Of other stocks however his pronts on
the stock decline will probably counerbaanee his losses
In other quarters however Mr. Gould is suspected OF
one of his characteristic operations 1t IS represented
that he is short" Of about 10000 shares OF Erie when
he might have covered last week at profit OF from
$500 10 s5OOOOO by simply entering contract This
be did not do however, and the theory Is that II he was
in such straits for money represented, ne would
not have hesated about taking this and providing
for HE immediate necessities Money has been very ac-
tive for past few days rates ranging as high as ZIG
Further developments OF interesting and seusa-
aOnal character are looked FOR to-day
VALIDITY OF THE TAX COMMISSION
. puuoe THAT IT WILL BE OVERTURNED BY JUDGE
FANCHrRs DECISION N THE MoNHEINER CASE
The decision of Judge Fancher OF the SUI
re1ne Colrt on the application of Alderman Monhelmcr
for mandamus 70 compel the Controller 10 pay him an
extra salary of $4,000 Supervisor has raised ques
lion As 10 the legality of the present Tax Commission
The point of Judge Fanchers decision was that super
visor being county officer, could not have ms salary
changed or he otherwise affected by legislative act
like the new Charter which applies solely to the gov
eminent of this CITY, The Charter IS entitled IAN
oct 10 reorganze the local OF the City OF New
York and there is nothing the title 10 indicate that
II relates 10 the affairs OF the county hence the clause
IN the Charter prohibiting Aldermen who act as super
Xsors IL o6co FROM receiving any additional salary as
such Supervisors is violation OF Article HI section 10
Of the Constitution which says that no private or
local bin which may be passed by the Legislature shall
embrace more than subject and that shall be ex-
pressed in the title He, therefore, holds that the
salary If Supervisor remains as 1t was before the
passage Of the Charter 5000 fixed by an act OF
the Legislature of 1871.
When this principle is applied TO the new Tax
Commission created by the Charter Of 1878. II IS
claimed by some that this is properly County Board,
and cannot be made Department Of the City Govern
meut Itis true that all previous legislation relative TO
the Tax Commission has been by separate bill, in
which the officers Of the Board styled Commission
ers of Taxes for The Getty and County of NewHorE'
Until the Charter OF 1873 it never made Board or
Department Of the Municipal Government But there
n nothing in the Constitution OF the State which re-
ouircs that Commissioners of Taxes shall be county Off
GERS nor is there auy positive requirement that there
shall be Board Supervisors each county, although
several clauses OF the Constitution imply the existence
of such a Board in each county. II may be that a
question Of law can be raised 10 the legality OF the
Tax Commission created by the new Charter,
although the first impression OF those lawyers whose
attention has been called TO II is IN favor OF tue validity
and cousttutionaHty Of the commission Hshoud 1t
turn ont to otherwise the old Tax Commission con
ssiinc Of Messrs Andrews, Creaner Sands, and King,
(he astnamed Is deadJ would De revived, and the sp
pOntng power 20 I'LL vacancies would be IN the hands OF
the Controller of the Mayor. provided IN the
new Charter The old salaries would also be revived,
which were 1900 instead Of 5000 under the Charter