The New York herald., 1874-12-17
WALL STREET MiTVIRs.
Incidental Movements Outside OF
the Stock Exchange.
c, G. & !. 9. AND A. & G.. w.


There was not much excitement on the street.
yesterday, now that Pacific Mail has moved its
ONCE to Washington. all the prominent ofcial
OF thar eorpora:cn appear 10 be there. fact
which may. perhaps. account for the protracted
nervousness OF Mr.. Irwin. Pacific Man is, doubt
less, TO him very lrghtiul msnoner and we get
elahces in his lucid moments OF his impressions
that lie Is In the hands OF some very beilig.
ereht old women rather than that antpodal
concern winch induced him into Its service.
Ihere was taik yesterday that he might be lourd
an incompetent witness by reason uf insanity.
Perhaps SO. IL is perhaps too much to look for.
ward, as the public have certainly been doing, to
q second Oakes Ames IN the same century. with his
fatal Doomsdav book. 1t Is quite within the
realm Of possibilities that MIR. Irwin Will subside.
lie mas sent for his mother, which SHOWS a tender
feeling. Perhaps she may Ee able to satisfy tn6
committee tnat he was not out on the suspicious
occasion.
G., G. AND L. 9.
The stock and bond holders ofthe c.. G. and !. @.
Railroad met yesterday at No. 81 Broadway and
discussed the feasibility OF arranging the dificui.
ties now existing with the Pennsylvania Central
committee OF stock and bond holders was ap
pointed to examine into the affairs OF the com
pany and it's connection With the Pennsylvania
with Instructions TO report al to the rights OF the
G., Z. and |. @. IN the premises. The Pennsylvania
Railroad want she O., y. and &c. second mortgage
bondholders to surrender theiy bonds and re-
ceve income bonds therefor, the object OF this b@
ing TO prevent a foreclosure o the road under the
second mortgage. The second mortgage bond
holders ON their part claim that the Pennsylvania
Road, as lessee. Is liable for the payment OF inter-
est on these bonds. On behalf OF the Pennsylvania
Company 1t Is claimed that the amended lease oi
1870 ahrogated any liability on their part. Tnera
ap pears to be Arns
SOME CONFUSION,
both on the part or O., @. and L q bond and stock
holders, and the Plttsburg, Cincinnati and st.
Louis ana Pennsylvania companies, as TO their
respective habiiitics in connection with c.. q.
ann /. q,
burg Cincinnati mat and nd I st. Louis railway Gompan1 JON
and the latter to. the Pennsylvania Company
Tne ese o. 9 Inc g. G ana 9 Railroad st,pI
It's equpment, operate 1t and pay over TO the
lessons thirty per cent Of the gross earnings But
1t Is also SlpuaIedstna the rental shall always be
equal to the interest on Sl5,oooooo Of nrst mort.
gage bonds OF the G., 9. and 1. q. Company, and
ss2l,0oO second MORTGAGE bonds Of the Colum.
bus and Ind Company. The lessees also
agree to Pay interest as II accrues on these bonds
Any net earnings remaining alter the payment OF
interest, us Aforesaid. are to be applied to.
THE PAYMENT OF INTEREST ON THE SECOND MORT.
GAGE SEVEN PER CENT BONDS
to the amount OF $4,000 600 Tor on the preferred
stock With which these last bonds may be con.
per- sE Pay % 10 q sS
apply any balance to dividends on. common
stock; The business Of the meeting was devoted
largely to complaints against the Plusburg, (Sn-
cinnatt, St. Louis and Pennsylvania Central and
the resolutions adopted by the OF thls
company IN Columbus, october 28, 1874. The NeeJ-
ing was addressed by Thomas A. Scott, President
Of the Pennsyvania Railroad; Mr.. Smith, President
Messrs. Hasler and Iseine. 1t was moved and
adopted that the report Of the Board oI DrsctoIa m
bonds above mentioned are second mortgage
bonds, paying ten per cent; bAt In addAlon there
s Of secona mostaaae @ 00 Sonas SAND and
$262S. .024,000 OF income and convertible bonds,
ayssn oa De sen 70 be
sponsiD!ty rests Mr.. Scott claiming that there was
an understanding tnat the q, 9. and I. 9. Compa-
cent second mortgage liens into income bonds, in
the absence OF which endeavOr he places himself
sylvania Company for accrued interest upon such
There There are. are three lots Of bonas upon
Solaneus snS a iaasnsss nssaSssspols w Cen
sral" ssa; ,oo $500 Columbus an4 Indianapolis and
these una the eaa Sw q sncse ooaas n.
terest paypsIt upon which Mr.. Scott fepudiatcs
as s 9nS--se upon the Pennsylvania Company. He
A COMMITTEE WHICH WAS APPOINTED
70 take al the papers In the matter and determine
sins on his part to extend all aid to sacn com%
Tee and furnish them with all the documentary
EVIDENCE in possession Of the Pennsylvania Com
paDy. 1t Is curious Involvement, the settlement
OF which win be relief to the street. Ne xt In IN
terest alter Q. c. aud G. ana its difficulties was
FAILURE OF NJ D. CARLYLE 4 co.,
importers M OF hides ana conee Inquiry into the
@ ar Of .nis developed the facts TINT
war prevailing in the Argentine Confederation.
slgnments were thrown back upon them BY con-
slgnees. Tho principal features OF their trade
as export Their liabilities were reported
on the street at $500 assets unknown, but later
al authoritative statement corrected that figure
as an exaggeraton without more definite iniorma-
tlo, The Creditors OF the house are not urgent IN
their demands, ana an a.i amcable adjustment s
the result Of causes wholly removed from our late
financial aliiicuties, and. consequently, is in 40
sense even relic OF the recent panic.
- - ERIE BELIEVER.
.Advlces received Oh the street late yesterday
afternoon state that the recent suit commenced
Jewett, the President Of the company, was en-
notes given Nv him on az account Of his salary has been
discontinued and the injunction therein dissolved.
Uas Was the Effort Of the Attorney 'c General
TO proceed against Erie for having entered into q
irelghts, no action being taken against the latter
road.
An arrangement Is reported between w. C.f
Quincy, President Of the Baltimore, Plttsburg anal
Chicago Railroad; G. ,. sprIggs, agent or the Bal, ~
and sos A. ana Pnilps assistant, o} the %sian.
tic and Great Western, to run q time'
freight line between New York aud Chicago,
via the Erie and Atlantic and Great western, tOl
Mansfield, thence to Chicago by the newly COM
peted line OF the Baltimore and Ohio Railroad.
This gives the Erie line to Chicago independens
ONO line to New YORK for freight at Chicago. IL
Is also proposed to run passengers through by this
line, avoiding difrerence in gauge BY transferring
the body OF the cars to the tracks OF either road
ATLANTIC AND GREAT WESTERN.
II is stated IN Inc gossip Of the street tnat the
Atlantic and Great Western Railroad officials ex-
pect an early meeting OF the bondnolders In Lon
don, and that measures for the foreclosure having
been taken the road will be bought IN by tbs
bondholders ana reorqanized on the basis or Its
actual value.
NEW LOAN
The Louisville and Nashville Railroad Company
to. day completed the negotiation OF loan OF
81, ,0Oo, 600 for two years, at seven per cent. ON