The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-03-11
Further Developments Expected in
the Insurance Mystery.
How the "Harlem Jump Occurred and Why
Wall Street Slipped.
The Erie Resolution Called Up and an
Investigation Nearer Now.
NOTHING NEW RELATIVE TO THE CHARTER.


broke out over the HERALD's expose of the life
insurance blackmaiers, would again be renewed.
with the prospect OF many new facts being dragged
to light. But Mr.. Hendee was not present to
plain his position In the affair." and so everybody
was disappointed. IL is understood, however, that
he Will rise to question OF privilege tomorrow
and that he VIII show that he offered in good faith
the bill he did offer and will give his In full
why he did not want it referred to the Committee
OF Insurance. II these are given freely
as he Is said to nave given them to Mr. Prince in
private there can be no doubt but that the fight of
three days ago will be renewed with tenfod more
bitterness than ever.
THEN WILL COME THE NEW FACTS.
and in all probability, ii the New York detective
has been as yet successful in his hunt after
the fellows who have been trying to pull the wool
over the eyes OF innocent legislators and at the
same time I'LL their own pockets there will be de-
velopments which will create decided sensation.
There was rumor this evening that the bill,
which has indirectly created all the and which
by resolution ON Friday was taken out OF the hands
OF the Committee on judiciary, had most mysteri-
| Ously disappeared. The Insurance Committee,
after the resolution had been passed. were unable
to get ir, and up to the time when the House
met TINS evening one appeared to know any
thing about where it had been spirited, If spirited
at ALL An idea got into the mead OF the Insurance
Committee that it had been destroyed, but it was
finally discovered tonight in the desk OF one of the
assistant Clerks where it had been mislad. The
discovery created great relief among members Of
the Judiciary Committee who might have been
placed In rather q suspicious position had the bill
not been brought to light
EXTENSION OF THE HARLEM RAILROAD TRACKS.
The following Is the bill which was formally re-
ported by the Railroad Committee on Friday last
IN the Assembly, 7..
AN ACT authorize and require the New York and Har
certain streets of the city New York tor the
aSe people err q hs State of New York. represented in
% SS dS enact n as aEe Railroad Com
pany hereby authorized and required to extend their
ing With their tracks in Centre street in the city
James street, thence through and along street
5 t. % tie s 10
and side tracks for the complete operation Of their rail-
4Gf n h MnyD aas9de
Cominonalty city New York value of
ana S be and whfn
n Ir as y s
entitled AN act To- authorize the formation Of railroad
s said ' adaticna
a said de a
pn sha apply to the GCTr for r the
.he amount of COMPENSATION which shall be paid an
cS%o1al,y sapsnsatioa he rght and
on not e thar e DAYS nc % s said be
Aldermen and Conmouay OF the time, place and object
SO ,he Of or se or shall he be af
and Conclusive as 10 tbs said COMPANY and the sad
Mayor Aldermen and Gcmmonalty OF said city and the
cs%nissoners Of tic sinking Fund said city BY the
rayabis according aforesaid applied
SEC. 3.-Ihis act shall take effect Immediately.
THE JUMP" n HARLEM
The idea that the simple report by the Railroad
Committee ola bill of this character created that
Jump" IN Harlem on Friday is absurd 1t is
pretty certain that even its passage by both houses
would create no rise in the stock.
WALL STREET WAS HUMBUGGED.
The real cause OF the rise in the stock was an in
wc On s in
effect that the bill would be reported requiring
the company to extend their road by running a
double track for horse cars on Broadway. When
the bill was reported on Friday some interested
sharper here teegraphed down to New York that
tracks through and along Broadway had been re-
ported iavorably. 1t will be seen that the bill,
by the committee, has no such feature in it, The
only thing to be wondered at in the whole matter
is that Wall street could be 'gullible" enough to
RATES on THE NEW HAVEN RAILROAD.
The bill which was introduced BY. Mr.. A. n.
Wight, of westchester, requiring the New Haven
Company to reduce their rate Of fare, IS still lying
in the comnttee. No effort is being made what
ever by the friends of the bill to push it, and it is
said that they and the company have ''harMonized"
Observation-Disclosures that may mean.
Mr.. BabcOck called up his resolutions directing
the Attorney General to institute
PROCEEDINGS AGAINST THE ERIE RAILWAY COMPANY
to restrain them from paying tine dividend on all
the outstanding fraudalently issued stock. he
offered substitute for the part directing the At
torney General to institute proceedings which pro-
vided that that officer should report to the House
whether this stock was issued lawfully and also that
a select committee be appointed to investigate the
matter with power TO send tor persons and papers.
Mr.. Hustled said he was willing to vote Tor the
resolutions provided the investigation was made
by the Railroad Committee. He was opposed to
all select committee matters, as they had never
heret ofore proved success. Mr. Babcock referred
the gentleman to the select committees OF last ses-
then proceeded to advocate the adoption OF his
resolution. Mr. Hustled said there was no
select committees appointed last year. All the
work done was done by standing committees. lie
moved to substitute the Railroad Committee for
select committee. Mr.. Vedder said that this was q
very important matter 1t was one in which the
people OF the southern tier were deeply interested.
II the truth had been ted, great stupendous
fraud had been perpetratcd on the people. At thus
stage OF the session he thought this work could be
better performed by u select committee. He
only way to secure 1t was through select com
mittee. Messrs Clark and Fort sustained Mr..
motion e reI the V wss 40 the R
was carried-43 TO 80.
The question was then on the substitute offered
by Mr.. BabcOck. Mr.. Jacobs moved to amend that
the committee report within thirty days, which
was accepted by Mi. BabcocS. Mr.. Opdyke moved
to strike out the resolution providing fer an inves
tigaton. The wrong, II any had been committed,
was wrong against the stockholders, and they
had their remedy In the Courts. He thought IL a
waste of time 10 investigate the matter. Mr.. Illus.
ted said there was charge OF corruption against
the Legislature, and he hoped that weuld be in
vestlgated. Mr. Opdykes motion was rejected and
the resolution was adopted.
BOARD OF HEALTH BOARDING STATION.
Mr. Cook offered resolution recitng that,
whereas the site OF the boarding station for the
Board OF Health Is said to be unt for that purpose,
the Commissioner Of the Land ONCE be directed 10
report TO the Heuse all information concerning the
matter. On motion of Mr.. Cook 1t was laid on the
| table and ordered TO be printed.
| GETTING TOO OLD.
A resolution was adopted calling on the AdJutant
| General to strike from the roll Of the National
Guard all members who over forty-iive years OF
age, they being exempt from taxation by reason OF
! their membership, and unfit Tor war on account Vi
| their age.
| RttIs ISTRODrCTD.