The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1873-09-10
N( sWl Va. WEDNESDAY
NEW YORK CITY.

-E.Ii..isi-IL "a
NEW YORK CITY.
New YORK, Sept. 0-lt is reported
that the troubles Of the Warehouse and
Security Company are due to its relations
with some of its directors. Francis
Skiddy and Shepperd Gundy, both heavy
sugar importers, were directors OF the
New York Warehouse and Security Com
papy, and also directors OF the Missouri,
Kansas g. Texas Railway, now In course
of construction, Skiddy and Gundy OBJ
tanned loans from the Security Company,
which had besides large amount OF pa,
per In circulation about to mature, and
unless some Of the loans which 1t had
made to skiddy and Gundy were taken
up, the Company could not meet its obli-
cations, and was thus forced 70 suspend,
and await the action OF It's creditors. The
Warehouse Company claims that II an
extension is granted Il will be able to pay
its indebtness dollar for dollar. The Bee
retary Of the Missouri, Kansas & Texas
Railway said that the Company had not
gone to protest; that its coupons had been
and would be paid. The Company was
under no obligations to the Warehouse
and Security Company. and the rumor
that It was, probably arose from the lact
that two prominent directors Of the Rail-
way Company, who were also directors Of
the Warehouse Company, were embar-
rassed. Francis Skiddy has been identl-
fed with steamboat, railroad and other
interests for many years, and has always
borne good name for financial strength.
Neither Skiddy or Gundy has suspended
yet. Both houses being largely engaged
in the commission business, It 10 believ.
ed that the losses will fall mainly upon
Havana merchants and Cuban planters:
Rev. Brother Jasper, Of the Catholic
Order Of Christian Brothers, arrived yes
terday, accompanied by24 young men be-
longing to that society, who have been
educated TO eerve as teachers in the lto.
man Catholic parochial schools about to
be established throughout the United
States. Ten more young men ot the same
society are expected. and Mr.. Jasper has
so in all on his list. Thirty.seven came
10 THIS country last yoar, for this purpose.
While the 71st Regiment was parading
through Fourth street, Williamsburgh,
this morning, a balcony crowded with
spectators suddenly broke down and all
were precipitated 10 the sidewalk. One
person was killed, and fifteen were more
or less injured, .-
It Ia stated that q number OF suits In
spired by Jay Gould will soon be brought
against the Erie Railroad Company and
Directors personally for alleged illegal
acts done 10 connection with the recent
declaration oil dividends.
Clement Ritter, one Of the brokers who
suffered by the recent bond torgeries this
morning attached $4,000 deposited by Jas
w. Johnston as trustee In the name OF his
mother.
Mr.. Guion, a director Of the New York
Warehouse and Security Company says
the assets ofthe company amount TO about
$2500O0, liabilities 81 800, 900. The Mis-
souri, Kansas & Texas Railroad owed the
company 100000, one half ol which
was secured by bonds OF the road and
notes OF Landgrant Railway and Trust
Company, and the other half by personal
guaranty OF five of the railway directors
Guion thought that the loan which will
mature next month would be good with
In year at the least. The Warehouse
Company also made o loan OF $200, 900 to
the New Orleans, Mobile & Texas Rail-
road Company whose roads are not com.
pleated. This loan matured last spring and
remains unpaid, but 1t Is secured BY per.
sonal guaranty of two persons connected
with the road, and Guion believed the
Warehouse Company would eventually
obtain the money. He further said the
company made loan OF $50, 600 to the
West Missouri Railroad which Is
secured by bonds Of the road and
personal guaranty of one Of It's officers.
This loan was good. but had
not matured, and the same was true Of
loans made to several other railroads
whose names he could not remember.
Guion was unable TO say whether the sus.
pension Of the Warehouse company would
be temporary or final, remarking that
this would depend upon the decision Of
its creditors.
A second attempt was made today to
have johnson and Yates, indicted for
completely in the recent iorgeries. admit
led Ia hail, and In tho COURSE OF the argu.
ment against the motion the Assistant
District Attorney said 1t was decided not
to proceed with these cases before the
magistrate. The ramitications ot these
lorgeries are so exciting that II Is expected
they will appealto the community.
The annual session Of the Catholic To.
tai Abstinence Union Of American Board
OF Government was held to-day at Phys
ton Hall, Rev. James McDevitt, Presi-
dent. Resolutions were passed. recon-
mending q new form Of pledge and
ordering the National Union badge 10 be
procured by all societies for their MEM
bers, and desiring that the badge shall be
u token OF friendship wherever worn on
this continent. Communications from
clereymen in Ireland, looking 10 a union
with the societies there, were acted upon.
A committee is 10 prepare q plan Tor the
October general convention, and emil
grants arc TO be protected on landing.
DISPATCHES were sent to Archbishop
McCloskey and Chancellor Preston, ol
New York, and to Very Rev. Dean Byrne
and Father Hennessey, ot New Jersey.
Encouraging messages were received 10
reply. The preliminaries were arranged
for a National Convention Of delegates TO
meet In this city October 9Th. Thomas
B. Mccormick, Of Providence, was ap-
pointed National Treasurer, vice Mr.
Noonan, resigned.
The Etpress says relative 10 the misuse
OF money OF the State Bank OF New
Brunswick, N. j., the report now is that
not only the entire surplus but the capital,
and even more Is exhausted by loans
made to Carpet Company, and further