The Grange advance., 1873-10-29
LATE NEWS ITEMS.

NEW York, Oct. 27th.-Letters
from Berlin show that city has not only
been affected by the American panic,
but is preparing for one Of it's own,
brought on by uninterrupted scandals
on the Bourse, irregularity and insecu-
rity in every branch Of business, prodi-
gality and waste among the middle class
Great suffering Of the poor, swelling
tide of emigration, and all forms Of pc
cuniary distress hang over the city, and
all said to be owing to nothing less than
specie imitation.
New YORK, Oct 27th.-It is rumor.
ed that VIM. H. Vanderbilt, Jr., has
sailed for Europe to negotiate two mil
lion dollars Of New York Central stock.
The loan to the Union Trust Co. is not
yet settled. According to statement
Of the Directors, a difficulty has arisen
in the negotiation of the notes of the
Commodore, the bankers who had agreed
to discount them refusing to do SO un-
less the capital of the Union Trust Com
pany is enlarged by the payment of an
additional million dollars.
New YORK, Oct. 27.-In regard to
the resumption of silver payment by
the treasury, a dispatch to the evening
papers says that Mr. Richardson has so
far receded from the first announce
ment that he will only pay in silver part
Of the bill owed by the treasury, and
that his plan for silver redemption was
spoiled by the newspapers. We sup
pose he refers to the Washington cor
respondents, who made public the fact
that the treasury intended to resume
The information these correspondents
have given has been as follows: First,
on what they claimed was by authority
Of the secretary, they said that the
treasury was prepared to exchange sill
ver-coin for currency. Second, falling
back step, that the treasury would
only exchange silver for fractional cur
rency. The sub-treasury today was
overrun with applications for silver.
Packages Of currency were received by
express from the interior, requesting
that silver-coin be returned. The ap-
plications were sufficient to-day to take
double the amount of coin the treasury
has
To-day the premium on gold was
1854 to 1885. Silver dimes were at
a premium of 104 silver 25 and 30
cent pieces were at premium of 1034,
and now silver trade dollars, the only
kind Of dollars now coined. at about
1913.
CINCINNATI, Ohio, Oct. 27.-The
United States Senate Transportation
Committee to-day met the committee of
the Board Of Trade and the Chamber
Of Commerce. The statistical report of
the commerce of the Ohio River cities
and towns were read, footing up $780,
100000 annually, together with the
rates of freight by rail and water CON-
pared. In connection with the report
the joint committees presented a recon-
mendation to Congress to improve the
navigable rivers, to construct great wa
ter lines with its own officers and re-
tain control of the same, and also ex-
pressed the opinion that the railway
lines, however numerous, could never
supplant the use of the water courses.
This afternoon the Senate Committee
visited the suburbs, and tonight they
are in conference with the committees
of the two boards.
LOUISVILLE, KY, Oct. 27.-On
Change to-day dispatch was received
announcing q visit BY the Senatorial
Committee on Transportation to:mor-
row, and a committee was appointed to
confer with the visitors and afford them
facilities for obtaining information.
! NEW YoRK, Oct 27.-A letter from
Berlin shows that that city has not
only been affected by the American
panic, but is preparing for one Of its
own Scandals on the Bourse. Irregu-
!arity and insecurity in every branch Of
business; prodigality and waste among
the middle classes; great suffering
among the poor ! swelling tide Of emii-
4 grafton, and al forms Of pecuniary dis.
tress hang over the city, and al IS said