davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1874-05-08
COMMERCE DEPENDENT UPON MUTUAL
GOOD FAITH.

Mr.. Low, in q brief speech, sketched the
rise and increase OF commerce all ages aud nations
Illustrating by each tho theory that the prosperity Of
all commerce and industry depended upon the good
faith Of nations. Among other things pertinent 10
present issues aud local aifsirs Mr.. Low said:
II would be an easy way to Illustrate the impOrtlnoe
and power of commerce IN buidiES up Guy nhe our
own # should point oul, one by Olc ihe yarions @
agencies that have been employed, OF naturally have
coGppratcd make Ncw-YOrk wnat II Is ana IL tlt
aim were show the rapilty OF its growth ~ woul
matter nut little whether comp ptIisOn were drawn De
tween past and present. or between oar own
aud any other city OF ths OF OF Othcf .'u' yc. @
ease il would be thar the cause OF lis CROWN was
TO be found i'm the vast development or It's hteIhi ana
eytcrpai commerce AMI what wolld be found true IN
rsoan 10 oIr own ciy would be - be equally true
every otIer wth whch COMPARISON n-Slt Dc Idue.
\ similar Hue OF argument mielt DO usei to exiimn
the growth Of States aui kingdoms Opsilen'e 10 the
Law Of ~ Inc Sor%heh has It's origin in
the mutual wants ana mutual dependencies o. oc "po
,nvafion and this increase has bscn proportion
Inc opportunity and enterprise, intelligence ana saga
Who has not been Impressed with the grandeur OF
modern enterprise, which has spfnned continent WIN
wire permitting netner lana nor water however oIy
family all the nations of the elrth
In contemplating some of the great achievements OF
modern times nave been led think that If there Is
a faith that moves mOuntains, commerce affords tue
happicst illustration Of It, do not mean thii the Alp;
with the plain, or tumbed into the b. any power
less than Gods The preacher cnaengcd ms hearers 70
upon rs foundations, somewhere among the nils Oh
New-Hamps hire.
But that in our own day the Ofnest mountains are
made to shake from base TO summit and pierced through
and through FOR tie ODgOing OF the locomotive ana l5
train is patent all Observers and 1t is partly due TO
the appliances which science affords, ana partly to that
faith which the Governor the Legislature. ana the Iner-
chants Of noblc state have always uphcd-fath IN
the bond faith in the nOtc faith in the promise tat
stamped upon the note; faith IN the pledge that Hes
back all for when this faith is lost the nres OF the
furnace and forge 90 out; the upfted falls nerve
less by tho artisans side; the revolving wheels OF com
stopped aud the best laid plans are parazed
If there be any in hlg places VINO are fecfeaht 10 cr
sense Of duty, and false TO the National pledge they
may continue 10 occupy seata ~ the halls OIL Congress-
bu they will cease 10 receive the homage that Is paid 10
truth ani Vrtue and when they pass from the sight Of
their fellowmeu they will snK nO their graves Union
ored and undeserying OF honor!
The sixth regular toast was 1.-THE Precious Metals
Universal standards OF value, without which com
merce becomes gambling, aud credit snare to the
unWary,"
New-York tribune., 1874-05-08
THE PRESIDENTS VETO OF TIE
INELATION BILL.
COMMENTS OF ENGLISH JOURNALS.

From The London Daily Ne1s
"Alps well that ends wel,D and Americans
may be thankful that almost currency legislation Is
shelved for time but we hope the breathing time
permitted by President Grant will be diligently
ployed by the wiser American politicians 70 duse
common sense among tho American Electorate ques-
tions OF currency and banking The fallacies Of lna-
on plausible to the unedueated and TO the borrow.
press.
From 7hs London Daily Telegraph -
What the United States should do, but
probably will not do is to leave matters they stand
and bear manfuly all the Inconvenience, and even
trials Of gradual shrnkage in the volume OF their
rency. That In progress before tho crisis and il
fresh era OF imitation 10 buoy up the country
natural tide OF prosperity and place all transactions
artificial level which must in duo course lead 10
another and worse crash.
From 7A> Manche.er Guardtrn.
President Grant has taken a step which will
but which Will entitle him to the lasting gratitude OF all
honest men of common He has vetoed the bill
passed by Congress for the imitation of the paper
rency. The President Is not financial genius but IL is
obvious that he has able sdvlsers at the White
House, and he has had the courage 10 upon their
counsels, despite the votes OF the two Legislative
Chambers and tho almost frenzied cries for green
backs which assailed him on every side.
From The Spee.otor.
1T Congress would only leave the currency
Alone the increase OF population and business would
bring the eXlstn. paper currency par after which II
is nothing but real and great convenience TO every
body. II Is not the existence incOnvertibe paper
which Is nuisance, but the existence OF than is
wanted the best standard OF which the amount OF
taxation As state takes its paper In payment OF
taxes nconyertbe paper up 10 years revenue can
do little harm. IL Is mere check drawn by the state
and receivable by the state as gold.
New-York tribune., 1874-05-08
TTrRF NOTES.

J.. w. Hunt Reynolds's stable OF racehOrses
has arrived at jerome Park from Kentucky. 10 be
trained for the coming racing season The stable com
prrses six horsesWhlsper, years Old by Planet dam
Matte Gross, engaged in the Westchcster Cup; Mar
mon, years old, by Planet, dam La Grand Duchess:
Christine years DID, By Australian, ont Of Mannioas
dam, engaged in the Ladies' Stakes at Jerome PARK:
vadine, years Old by Lexington, dam Yoga QBarnoJ
Wiams's dam, engaged in the LADIES' Stakes; ffoa
Frou years old. by Asteroid out OF DucatoOn; aud
Amelia, years old, by Australian out OF IL Grand
Duchess engaged In the Central Stakes at the Baltimore
Spring Meeting. Mr.. ReynoGss stable was not success
fu in it, Northern campaign last season. failing TO win
single race, undeterred by bad luck the Kentucky
turfman persoveres, and hopes to be more fortunate
this year.
Mr.. sanfords famous racehorse Monarchst, six yean
old by Lexington OF Mildred by Glencoe Is reported
to nave broken down and thus terminated his tur
career. lie was bred by Mr.. A. j. Alexander Of Ken-
tucky, and purchased yearling by Mr. Sanford
He never ran at two years old, but at three years old he
ran eight times; second twice to Harry Bassett In
the Jersey Derby and Champion Stakes and unplaced
TO him in the Belmont Stakes second TO Nellie Ransom
in the Monmouth Sequel Stakes; won tho mllehea'
handicap at Long Branch; the Annual Sweepstakes and
Grand National Handicap the same day, at jerome
Park and the Post Stakes at the Metare, New-Oreans
Fa meeting the same year. In the Spring OF lsl9 al
New-Orleans, he won the Club purse the Metare Cup
Inaugural Post Stakes, and Louisiana stakes and then
IL
stakes at Long Branch. Jerome Park, IN the Fail hs
turned the tables on his previous conqueror harrY
Bassett, by decisivey defeating HIM IN the threems
and four-rnile races. At Baltimore during the same
season. he the threenile purse, and ms
was his last race. lie went amiss In the Spring
OF last year, and did not appear through
out the entire This year he was booked tor ths
Monmouth and Saratoga Cups, in which he would nave
Tom Bowling, and their prospective encounter was
anticipated with great interest by turfmen. during ns
exercise early part Of the week the tendOns Oi MS
foreeg gave way and his racing career abruptly ter
minated. As n sro he WILL from his hne pedigree aud
size, he invaluable.
The renowned trottne stations Jay Gould ana
Blslaw tr, matched To trot or mile heats
three FIVE Ia harness. for s2500 aside, play or
pay Baltimore Oct. Is. Jay Gould has the fastest
mile time Tor a stallion record, 2:2lt while BashaS.
ir has a record OF 22l,, which his owner confidently
thinks he reduce below the twentes this Fall.
Tho Turf, Field, and Farm stakes, for f0uryear-Od
colts 70 be trotted at Fleetwood Park between the t
and 10th September next closed with subscribers
The stake for tree-year od to bo trotted over
the same and at the same tine closed with ten
entries aud the stake for three ods, 20 be
tToted 1876, for colts OF l5i3 closed Win fOdrteoa
entries.
New-York tribune., 1874-05-08
A BROOKLYN MANS SUICIDE.

Charles 2. Gerrish, age Al years, died yes
terday at his residence at No. rs ST. James's-piaco
Brooklyn, from overdose Of morphine, taken t IS be-
lieved with suicidal intent He in the employ OF
Jed, Frye Co., commission merchants in New-York.
He had been in low spirits for several days, suffering
from melanchoha, but Wednesday night was pre-
vailed upon by several boarders the house to engage
in game of cards. He appeared 10 have reganed some
Of his former vivacity, and retired to his room IN IN
usual good spirits at about 10 p lie failed to appear
the breakfast table yesterday morning and servant
sent TO the room TO awaken him. She found his
door open ana discovered him sitting a chair.
his arm placed on the table, his head resting on bis
hand, while his eyes closed and his face
deadly pale. His bed had been undsturbed.
She spoke to him. but be did answer and going down
stairs again, she told Mr. Knapp, boarder, who
to Mr. Gerrishs, and attempting TO arouse him,
discovered that he unconscious. An envelope on
tho table contained note in which The writer ek-
pressed hs desire 10 live longer. but his inability To
contend with the dependency of spirits TO which hs
was victim. The envelope had on its face the dates
" May 8, 10 O'clock and beneath that, MAY T. ESQ.,
showing evidently that the fatal dose was taken between
those hours. Drs. Rushmore, Eaton, and Matthews
were summoned and they administered anildotes'
which, however proved unavang. He failed rapidly.
and soon died. The deceased was an Engshman D
BIRTH but had lived in this country for sixteen years
He was a single man, possessed considerable wealth.
and has friends living in Concord, NJ IL.
New-York tribune., 1874-05-08
TIE RAILROADS AND TIE CHANGERS.

~
Since last we met, the commercial interests
OF the country have been called upon 10 face another
severe financial crisis and though merchants, with
very few exceptions, have passed through it til
umphanty, yet fear we have far from recovered
from ITS effects our foreign trade was, apparently,
more in favor than for many years previous our
gran cotton and other exports were in good demand
Ia other cOuntres, and crops unusually large But
it appears TO NE difficult to realize that so vast an
interest as our railroad system has become could have
since the commencement OF the war from $1,000
miles 10 5000 miles, with an expenditure OF more than
one thousand five hundred millions of dollars without
bringing about a crisis in our financial system; ana
while all are now ready admit that the demands Of the
people in all sections for the lextenson OF railroad
facilities haye led 10 too rapid construction, yet 1t should
be always kept in mind that while those interested in
their construction may have been losers yet the
country. as q whole, has been largely benefited, and
this vast expenditure has actually added to the real
value of the whole country many times the cost
OF the roads. ] think 1t is very easy
70 account for the present stagnation OF
trade when We consider the fact at during the past IS
months there has been developed systematic opposi-
tion to railroads which commenced by the farming
interest Of the West has spread to almost all parts Of the
country and has become organized political power
leading Legislatures Of some Of the states to enact
laws which, sustained and carried oEt, must destroy
copddeuce railroad investments. The very agitation
of these railroad questions in the State aud National
Iegslatures alarmed capitalists at home and abroad,
and as they see this vast interest passing from the
ro of the stockholders and directors into the hands Of
notcal commissioners, who are TO attempt to regulate
prices Of transportation in the interest OF the producers
they very naturally hasten 10 dispose OF their invest
1nens and railroad securities which but short time
ago were sought after with confidence are now consd
cred very uncertain and have been, ior months past
crowded ON the market until they have declined so fear
fully that the very stock list constantly increasing the
disrust But for this war the railroads, men OF prop
erly would have held these securities u1l the growth
of the country would have given them permanent 'auc'
We now see this great and the various
branches OF Industry which it has foterod parayzed
The iron manufactures which have sprung into lie al
nver the country are the offspring Of our railroads. SO
the locomotive aud car building, tho axle the spring
and the wheel works and the hundred other manufie
ture demanding on tho prosperity Of tho railroads are
crippled, and many Of them ruined Thousands and
Thousands Of operatives in these various manufactures
arc idle aud rolpg mills furnaces aud f9anderlos are al
New-York tribune., 1874-05-08
LOCAL MISCELLANY.
ALDERMANIC MEASURES.
THE STEAMBOAT RUNNERS oRDINANcE.
80 Doo.J og kIJo,n,op m, ot in at,foI una a

The Board of Aldermen met in stated weeklv
session at "a p m, the President, Alderman Vance in
the chair The reading OF the minutes was Suspended
Alderman Monheimer presented communication IA
himself the subject OF the Consolidation act, which
was referred TO the Committee tho Law Department
A message received from Mayor H1vcmcyer With
drawing the nominations Of wills Backbone. ThOmu
H. Tappan John T.. Cnmmins, and Smith T.. Shaw 70 tbs
Office Of Commissioners OF the Now COURTHOUSE, pre-
sented TO the Board in May, 1878. Tho .cquest Wa
Withdrawn The communication OF the Controller "a
the heads OF the municipal departments, published ia
Tns TRIBUNE yesterday. was received and read. A
resolution was adopted requesting the Controller TO
inform the Board why the employees OF the Police he.
partmept engaged In cleaning the streets during March
and April had not been paid Tho Committee on ths
Law Department reported In favor OF the adoption q
the following ordinance Tor the better protection of
strangers and ine travelling puble and to rege and
l1c-iSe steamboat runner'' WHICH was u"@"'"'hV
adopted:
Sscrroy L. The MAYOR Of the City Of sewYo from u@.t
e ora Ise m ri persons sr tim proper srrres
ard carry business commonly known - srbo rasne % The
purpose soliciting passenger or sem,p' Ping of o 70 is
adjacent thiS y and he may suspend or s''se A
such license. at bic pleasure. ,,.,,......,
Mayo for the Of f2J nd every u'b eeas
shall expire une,s revoked yeas rom tae die .so
Sno g. No person except licensed Aforesaid shAN ere~
or carry on the business eommony kno' o. a ~ .
n any passenger, ior anr ,Dot pyng N se Na''is 'a
this city penalty .. 80 for such oin or 10 hi
ton thereof PUNISHED pursuant; provisions Of The s'int
ng the powers Con Council ana Of te Police Cos9
1t was decided to take up the regular orders each
member being allowed 90 call mp ten. A large niin1er
were adopted, chiefly relating TO street auu S,ae" as
improvements. When me resolution came up le'a,Ns
to laying mains in Vindcrblt-aye., Ah rmah Nan
schsck wished TO know by what right Fand,rDtIs I,
name had been given 20 one of tne city avenues. ne
thought the city had already been sufficiently dgraei
by Mr. Vanderbllrs ineumbrances Ihe resolutions IN
relation placing lamps in front oil chuFcheS gave Ss
IN -nfnn sci
New-York tribune., 1874-05-08
wyoRK DAILY TRIBUNE FRIDAY Is7AwITH SUPPLEMENT

and takes The precious metals form the only &
and ala stc CURRENCY Tney are the only currency tne
measure OF the value OF which labor, and the ony
currency suited to country like ours wnere the Po
cal powcr is the hands OF the labOrlnR Grasses
Mr. Eyarts proceeded To give reasons TOT tne
NJ the precious metals to the abornR classes as cur
Tency and closed by referring the progress whch te
eonntry has recently made toward good gOVerhmeh'
sound faith, and good name.
The next regular toast was:
O. Admiration; possible and beneficial equally anonG
nation, aud individuals. Commerce demSli' IT, AZ"
viii secure it,
The President called upon Mr. Elliott r. 5Depaf' wv
author OF the Arbitration act recently passed by tue
Legislature, 20 respond.
New-York tribune., 1874-05-08
KINGS COUNTY coRoNERs' DEMANDS.


The demands of the Coroners for money
claimed for holding nquests upon stilborn nians and
other cases up for consideration yesterday before
the Finance Committee Of the Kings County Board OF
Supervisors. Supervisor 5tilwel thought that oaehsa
the inquests charged for in stborn cases were never
held Supervisor Fuher said that he thought the Coz
oners bills correct. Supervisor Ropes stated tha'
the Coroners should act with the Board Of Health "heh
ever the latter thought inquest was necessary sup
ported by the statements OF an authorized physe'n.
but should not hold inquest otherwise. lie eoua
see no reason why nquests should be held on persons
over 90 years and upwards who die oil Old as0
or failure Of their vital powers He cited tue o"~
Of q woman who died time ago aged So upon "0ou
an inquest was held and. for which the Coronefsu'
manded pay. Coroner Whitehl, who was pres"h' u"
terruped the proceedings by stating that he
the case mentioned and that tho neghbors han nes
was case OF Ill treatment. several cases Oh @sn-
inauests had been held then considered anu nv
eral complaints against allowing them were IsUv
the members The question OF holding nilues's p,n "p
stillborn children was then discussed ~ sisa ,il
Supervisor Fisher thought the no ainS cxan
born cases acted preventive 10 crime tb tom-
lining about one third OF tho CoreAefs pAl''' 'Ns
mittcc adjourned.
New-York tribune., 1874-05-08
s--y THE ANNUAL MEETING.

INTERNAL IMPROVEMENTS AND THE NEW PLAN OF
NEUTRALITY-SUSPICIOUS. OF OFFICERS.
The one hundred and sixth annual meeting
OF the Chamber OF Commerce was held at the rooms OF
tho Chamber No. G3 Wlllam-st., yesterday afternoon
The President the Hon. William f. Dodge. occupied tho
chair. A. A. Low, Chairman OF the Executive Commit
toe, reported tho following candidates for membership
and thoy were elected; Charles l. HalIgarteu, John c.
New-York tribune., 1874-05-08
TIE DISPUTED RAILROAD LEASE

renewal of the conference between the
representatives of the Erie and Atlantic and Great
Western Railroads was held yesterday at which James
McHenry, Peter III. Watson, and $. l.. NJ Barlow were
present The basis OF the negotiations was proposition
by tho Erie to lease the Atlantic and Great Western and
all It's leased lines and branches for % years a IS per
cent OF the gross earnings for the first per
the second year. and per cent thereafter subject TO
future revision The Atlantic and Great Western stl
want 70 per cent OF tho gross earnings
New-York tribune., 1874-05-08

standing STILL because the States and the nation have
strnck deadly blow at this great interest.
IL this war Is to 60 on and tho states attempt 10 en-
force laws which destroy vested rights Of those who
have advanced their money to build these nes 50 vital
political powers in all sections, and those who now op.
press them will In their turn become the suferers Is t
look carefully what Will be the end of tins inter
ference by the States with the great channels through
which commerce is now, to great extent carrou on'
REVENUE REFORM
The Chamber during the year has done much TO arouse
the attention OF the country TO the manner IN wnch the
revenue Of the Government collected. ana tho Gun
barrassments thrown In the way or commerce. anu
there good to expect that tho present ooh
grcs will pass such laws will enable tho honest mef
that he may not be in fear lest he may render
himself liable 90 their contiscation .-,,,.o,,o l.,
Tho law creating permanent Court OF Arbitration IN
connection with the Chamber has just been passed ana
the appointment Of one of our eminent judges th' H.
Faucher) TO an the position OF arbitrator glyos an IN
creased interest and importance 10 this movement,
which, it believed win be OF great moment 10 cont mn
only members, but merchants and business men
generally, will carefully examine the law. . go.
But gentlemen must not deain yOu longer ana VIII
now ask your attention to tho first regular TOAST
Mr. Dodge then read as follows:
FlRsr-The President Of the United States:
Patient in toll, serene amidst alarms,
InlexiOle in faith, invincible in Arms
MUSIC
Al the request OF the Chairman those present rose
and the drunk to the accompaniment oil appro
pirate music
The second regular toast was then given as follows:
"Her Britannia Majesty, Qleen Vlctoria-the worthy
OF the sovereign who granted our charter
A few bars Of "God Save the Qleen" were then
played. Mr. Dodge then said: We had anticipated the
pleasure OF having highly honOred Chief Magistrate
Gov Dix respond TO the next toast but telegram has
been received expressing regret that the pressure OF
public duties will not permit him TO be present
shall ask gentleman to take his place who has
honoraby filed many high positions In our State, and
has recently commended himself to the esteem OF our
best czens by his honest and impartial trials and con
demnatons of the who had so long plundered our
city government though he has also secured the cnny
Of those who sympathzed with their crimes He has
also taken noble stand in the effort TO secure TO our
merchants q revision Of our Revenue laws. VIII call
on the Hon. Noah Davis. (Great applause.J
He then gave the following as the next regular
toast and called upon the Hon. Noah Davis TO respond
"The State of New-York: First in wealth, first IN
population first in cOmmeTce-nay she always main
tain her proud preGmiuencc."
New-York tribune., 1874-05-08
RESIGNATION OF BRIrroNs SUCCESSOR

District-Attorney Thomas III. Rodmah "
Brooklyn has sent his resignation TO Gov D,. ..,,
Rodmans health is poor that he feels IL uue ~.
and TO the people OF Brooklyn that he shou'u 0's AZ,
po.iton. TRIBUNE reporter called yesterday a. %''
Rodman's house. The District-Attorney seewou v a.,
worried because he had not been able TO appe'i 80,
sprague trial. lie stated that his strength n'u NV n.
sufficient for the task he had undertaken anu s n.
had been compelled 10 come to the coneiuson 49, ,n,t
must resign and he had already taken steps - -,
direction. As 10 his probable successor he eOu,' '
nothing as he proposed not 10 recomineaa .','.nsy
one. He had not sought the office OF of
and II It's duties, following Immediately on v.,,,,
Alderman had been too severe strain LOT riaa us had
endurance as he was convinced, and ms puS IN Hs
assured him. no could only sincerely ,ins the peope
recognized the fact that at the present nuhlc prose
required able. thorough, copseontO' md he hoped
cutor entirely free from party Soition Among
such man would be appointed 20 the ncce,sor sro
those persons named IA Mr. Rodmann anstrict Attorney
Joshua NJ Van Colt and Assist9ns, in tina nsnda
Morris. Tho matter, hQweYeE " sa'aV' '
VI Gov, p1,
New-York tribune., 1874-05-08
THE CITYs PERILS.

The toast 30 which am 10 respond by your invitation
suggests train Of reflection which is appropriate
" the present condition OF this great and proud com-
New-York tribune., 1874-05-08

The Rev. w. a. Snively, late Rector of St.
Potors Church In Albany, will begin his duties as
Rector-eloct VI Grace CHURCH. On the AiSats, next
SUNDAY.