Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1873-04-11
LATEST TELEGRAMS.
AxxRIoLS PREss kssoollIIoH, VIA =. r -
TELEGRAPH COMPANY.
Specials 90 she Ledger.
NEW YORK..

NEw YoRK, April 1.-THE Herald
this morning publishes lengthy, double
headed special from Salt Lake City over
the signature Of Brigham Young in
which the Mormon prophet gives a state
ment Of the present condition OF affairs
in Salt Lake. He states that his resig-
nation as trustee in trust for the church,
as president for lions Cooperative Mer-
camille institution and the Deseret Ma
tional Bank are made solely from secu-
lar cares and responsibilities, and do
not affect his position as president OF
the church, in which capacity he will
still exercise the supervision Of its BUSH
ness, ecclesiastical and secular, leaving
other matters to younger men. He fur
Their states that the Mormon institution
is well established, and his own invest
ments remain as they were. d. D..
Eldridge. a merchant well known to
business men of the East, is now presi-
dent of the Mercantile Institution.
Hon. W. II. Hooper, the late delegate
10 Congress, is his successor in
the Deseret National Bank. Brigham
gives a few statistics in relation to
railroads, which be says are in good
condition. Utah has also iron ores and
coal in abundance, but capital is lack
ing. This government, he says, intends
establishing settlements in Arizona, IN
the Apache country. He is persuaded
that they can be influenced to peace, in
accordance with President Grants In
dian policy, and viii also open up that
country to settlement by the whites.
Brigham denies that he has any money
deposited in the Bank of England, and
says all his means are invested in i'm
proving Utah Territory exclusive. He
says, "The result of my labors for the past
twenty-six years, briefly summed up, are
the peopling of this territory BY the Lat
ter-Day Saints Of about one hundred
thousand souls; the founding Of two
hundred cities, towns and villages, in
habited by our people, aud the establish
ment Of schools, factories, mills, and
other institutions calculated to improve
eur community. Ny whole life is devo-
ted to the Almighty's service, and while
/ regret that my mission is not better
understood by the world. the time will
come when l will be understood. and /
leave to futurity the Judgment Of my
labors, and their result as they shall be-
come manifest"
There was considerable excitement
down town yesterday with reference TO
the usury cases, which are being brought
to the notice Of the Grand Jury by GER
tain brokers. In view Of the fearful
rates of interest recently paid in Wall
street, and in view of the reported plan
affecting the usury laws, it is interesting
to learn what rates are sometimes paid
for considerable loans. Tanner & Co.,
Of this city, yesterday asked for an in
junction restraining P. A. H. Jackson,
a broker, from selling collaterals for two
loans amounting to $3.50, 600. They we're
made about year since. The plaintiffs
say they have since paid defendant sums
in all amounting to Sl02,744 in nature
Of interest This is at the rate Of over
forty per cent per annum. The injunc-
ton asked was temporarily granted on
the ground that the rate was usurious.
i This is the FIRST conspicuous case Of the
use Of the plea Of usury TO avoid pay
ment Of Wall street debt.
A special to the World from Albany
says: Mr.. Babcock, chairman Of the Erie
Investigation Committee, announced in
the Assembly last night that bis commit
tee had failed 10 secure the attendance
Of very inportent witnesses-Williau
I Tweed, Jay Gould and John e. butcher
Subpenas had been issued at their resi-
dences and places e hpsiRsss but ihI
witnesses never complied by Appaarini
before the commission. Ma. Babeocl
'hen offered : resolution ordering thei
a--.si a, ~ ssrgeGri-ai-Arms Of th'
As=aAr. that tiFy nay y orongh