The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1873-09-15
NEW YORK.
The Pacific Mail Company

President, has begun proceedings
himself, and made the old Board o1
Directors of the Company the de-
fendants. Freeman, in his COM
plant, charges that in January OF
February Stockwell, while acting as
President Of the Pacific Company,
unlawfully appropriated to his own
use nine thousand five hundred
shares of the Panama Railroad Com
pany, which were the property OF
the Pacific Company; and that he
loaned $685., 900 of the Company.
money to Frank G. Markham, which
is now utterly worthless, with the
intention that Markham should use
it for their common advantage.
The President and other high dig
nitaries are expected to be present at
Mondays celebration here of the
anniversary Of the fall of the City OF
Mexico. Delegates from New Eng.
land, New Jersey, Pennsylvania,
and the Western and Southern
States have promised to attend. The
festivities Of the day will closed by
a parade and grand dinner.
General Mcmahon has reported to
the Executive Committee of the
Cuban League that Vice President
Wilson has been informed of his
election as President of the League,
but has not yet made answer. The
League is now preparing an address
to the people of the United States.
The stock business of Kenyon,
Cox & Co., was not the cause Of the
suspension, as they were carrying
very few stocks compared to their
usual complement. Only 5000
shares were sold out under rule to-
day, and this-Lake Shore-at 9l@,
of. The real trouble has been the
large addances to the Canada and
the Southern Railway, some OF
which are now beginning to fall due.
Messrs. Kenyon, Cox d Co., Daniel
Drew and others, it is understood,
loaned their paper to assist in com
pleting the road, trusting to further
negotiation of bonds at London.
On last Monday advices were re.
ceived from London stating that ii
was impossible to present to negoti-
ate more bonds, and consultation
was held for the parties in the inter
est of Canada, Southern, Kenyon,
Cox & Co., and it was resolved to
suspend.
The decline of II in Wabash this
morning was based on the supposi-
ton that the firm and its friends
were large holders, but it appears
that they had been receiving them
selves for sometime past, and hence
there was comparatively little stock
sold.
Kenyon, Cox q Co..
Bankers and brokers, on Wallstreet,
suspended to-day. Daniel Drew was
special partner in the house. 1t is
said and rumor has it that the diff
culties of the firm were caused by
operations in the interest of Drew,
A Eew Balloon to he Made.
The managers Of the Graphic Com =
pany are in consultation with persons
yersed in aeronautics, regarding the
construction OF silk balloon. The
work will be undertaken at once and
the balloon sent on its transatlantic
voyage about the latter part OF Octo-
Der. The thought Of abandoning it,
the Graphic Company states, has never
been entertained. Those Interested
are as determined as ever. Regarding
the charges made by Professor Wise,
Mr.. Donaldson over his own signature
has ststed to the managers OF the
Graphic that the cloth used in the con-
struction OF the balloon was chosen by
Wise, with mis- (Donsldson's) full con.
currence. The cloth WAS the best that
could be procured.
Doualdson, in card in the Graphic
to-day, explains the mode of balloons
bursting, and says it is not because of
mellonness or defect in the material OF
the gas bag, but because of the breaking
of the net at the upper part near the
valve. The net got little twisted and
in trying TO get out they made q twist
10 the upper portion of the balloon
around the valve, causing it lie in folds.
This strain was forced on that portion
of the net beyond what it was calculated
to bear. Donaldson says he
thought the net was too much thinned
out there but did not think it was
weak asto be dangerous for this thin
ming out OF the meshes of the net. Wise
is alone responsible as he had entire
control OF his part of the work. Prof.
Steiner says he considered the balloon
good in every respect, and if 1t could be
inflated it would keep them afloat long
enough to get to Europe, and would
have stood every test it could have been
put to. 1t is learned this afternoon
that the second balloon enterprise un-
der the management o. the Graphic
COMPANY is now under hesdwav, and
papers are beipg drawn up by their
fcounsel. The new balloon is to be o
silk and will be completed about the
first OF October. 1t is understood that
Prof. Wise will have nothing to dc
with the project.
stabhfuT = fray
About IL o'clock last night two Nor
wegiau sailors, G. Alison ard Alca,
Hollender, quarrelled on board tht
brig Alliance, lying at Atlantic
| nool, ,rb.n HoIlnnder sfohhsI Al';so,