The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1873-10-25

tions.
The court then adjourned. Phelps
cloees his case tomorrow morning and
the evidence will be flushed during the
day.
Political.
AT the Apollo Hall County Conven'
ton held tonight, the report Of the
Conference Committee, appointed to
confer with outside organizations, was
received
The report stated that alter the recent
treatment at the hands OF Tammany
Hall at the State Convention, no iurth.
er steps conld be taken to unite with
them. 1t also named the following as
candidates for the various county of>
fees: Sheriff, John McCool; County
Clerk, J. N. Patterson; Supreme Court
Judges, c. H. Vsnbrunt and Z. l..
Foncher; Superior Court Judges, A. 5.
Spaldlng and Isaac Dayton.
Election OF n Bishop. ..
The meeting of the House Of Bishops
to-day resulted in the election Of Rev.
John II. Spaulding, rector Of st Paups
Church, Erie, Pa, as Missionary Bish-
op OF Colorado, Wyoming aud Mexico,
his headquarters being at Denver,
Colorado.
New Jersey Southern Railroad.
At meeting Of the directors of the
New jersey Southern Railroad Com
pary On Wednesday, statement was
made by the officers that the company
had been uuable to NEE. tLeir liabilities,
which include about mill OF aud 8
quarter OF floating indebted ocss. "c!ud-
ing three hundred tho" -c' fH'iSrs OF
notes which are e'tne: ?..rl Lce or ma
turing during the rez. sixty days. The
| accounts showed wonderful III I'.:re
OF affairs. A committee was apro,rt-
ed 10 confer with their creditors, Ia tnf
hopc that the road could be saved from
bankruptcy. The capital stock IS crr
millions and the funded debt seren
millions. 1t is understood that Jay
Gould is the largest share holder, and
the bonds have been distributed ell
over the country.
The Case az SaanKs of the Tribuns.
The case o! Shanks, the Tribune edi.
tor who was committed by the Kings
County Oyer and Termlner Court for
refusing to answer a question before the
erani Jury came up before Judge
Farcra. in the Supreme Court cham
bers to-day. The District Attorney
of Kings county presented written
petition to the writ OF habedS corpus
setting forth the commitment until the
prisoner should answer the questions.
This was objected to by Shanks' coun-
sci on the ground that it was different
from the oral return made yesterday.
The matter was finally adjourned until
tomorrow to enable the counsel TO
answer the facts set forth in the rev
return.
Union Trust Company.
At a meeting OF the trustees OF the
Union Trust Company this aftarnoon a
proposition OF the Lake Shore railroad
Tor the payment OF its debt OF about
81 SOO,OO0 was accepted. The propo-
sition was to give Lake Shore notes
maturing at three, elk and nine months,
secured by Harlem stock at ninety.
which was advanced by Commodore
Vanderbilt.
Connecticut ManufsctOrIe5 Para
Iyzed.
The World says that gentleman who
recently returned from Connecticut
represents the manufacturing interests
in that State rs in an unfortunate con-
dtion. From fifteen to twenty thousand
operatives and factory hand have
already been thrown out OF employment
The Pool I'm lake Shore stork-His-
tory ofits Formation.
The Sun says: Some mouths ago
Horace T. Clark, President, August
Schell, Vice President. and James H.
Banker, Treasurer, and all OF the Lake
Shore Company, formed pool for ops
eraling in the stock OF that corporation.
The capital OF the pool was stated at
from $9, ,000,000 to $4,000, 600 and the
pool WAS operated through George B
G.innell & Co With the approach of
the panic, railroad shares began to de-
cline, and as this combination was
heavily loaded with Lake Shore, they
were put 10 their wits 10 raise money
to keep their margins good and hold
their stocks. Finally on imperative
demand from taeir brokers for more
money, they as officers of the
Lake Shore, called on them.
selves az officers OF the Trust
Company for bonds held by the latter
Com pany o: s250,000 in amount, which
were taken to GrinnelI & Co, who were
authorized to realise the needed money
on them. Commodore Vanderbilt sue
ceeding Clark in the presidency of the
Lake Shore road, by legal means pre-
vented the Uniou Trust Company from
making transfer OF these bond. and
insists that the members OF the pool
should either replace tie bonds or their
equivalent. The hsuk has made
over to the Commodore resl estate val
uei at seven hundred thousand dol!srs
The Commodore has assumed Clark's
share and Sche!I is said 10 be doing his
best TO make good his share.
Financial Matters
Wall street was agtsted to-day BY
various rumor OF trouble and mercaa-
tile failures. The denial OF these rumors
was followed by q settlement between
the Lake Shore railroad and the Union
Trust Company, aud sn announcement
o. great progress among suspended
banking firms. AT large meeting o.
the creditors Of Kenyon, Cox d Co. to-
day, a proposition was submitted which
uss accepted by all present, aud 1t
| looks "a If the matter would soon be