The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1874-07-08

mayor 10 investigate tne cuarees against
the police commissioners and thirdly,
when the legislative committee pre-
sented their report on the chsrges that
the board had acted Improperly 10 the
working OF the street cleaning bureau.
The Mayor seems impre ssed with the
gravity Of the occasion. but says be
acted under legal advice. He denies
that the Assistant Attorney General has
addressed communication TO District
Attorney Phelps. calling affection to
the charges against the Mayor and
Police Commissioners Gardner and
Charlick, and asking him to send
aid to procure indictments against
them for the grand jury, and in the
pending cases to try sill a. speedily as
possible. A special meeting OF the
board Of aldermen has been called Tor
tomorrow. to consider the present con.
diuon Of municipal affairs.
Police Commissioners Duryee and
Disbecker, under advice OF counsel,
have consented 10 meet with the recent
ly convicted and re-appolnted commis.
sioners, pending the decision OF the
court IN the question OF Their recap
polntment.
Freight tArrspgemests.
The freight agents who met TO devise
rates OF freight from the west by way
OF the New York Central snd Pennsyl-
vauia rsilroads, have resolved 10 in-
crease ireights on live stock 10 about
double its former rates. The basis OF
the increased rate WAS fixed at fifty
one cents per buGdred pounds from
Chicago to New York. lis the inten
ton OF the managers to increase aud
not to decrease the charge, on all
classes OF freight.
stock Operations.
The recent decision OF Judge Drum
mond was the chief topic oi Discussion
in financial circles to-day. At the
opening OF the market Northwestern
declined from 40. to got. and alter
wards rallied TO 40, with later dealings
at 39l. Preferred declined from 5Ss 10
TO 56s. S: Paul opened at 36i@36i,
and declined to 353. but rallied to 36.,
then dropped off to 35s St Paul pre-
TERED sold at 55 Erie was active ard
declined from Al: to 30, rallied to 81
and later declined to 3Oi@3Os. Lake
Shcre declined from Is to 74s aud
Rock leland from 90! TO 9Si Other
fluctuations were i@i pe7 cent alter
nately up and down, the market being
Influenced by the the cour.c OF the
so.called Granger stocks.
The Erie Railroad Case.
The Erie Railroad Company Las
filed it's answer 10 the Angel suit, CON
menced a week since, and completely
traverses and denies every allegation
thereof The Erie Company has sho
commenced suit against Jay Gould
for the recovery OF sl,293,OOO. Ths
sum is made up in two separate sc-
counts, the first covering money e1-
pended by him, and the proceeds
thereof, iu his transactions 10 stock of
the Ubited States Express Company,
while President Of the Erie Company.
The second 10 q claim by the company
Tor Reimbursement in money exl ended,
and free from all ireumbrance csrisiu
property covered by Gould to the Erie
railroad in the famous restitution trans
action IN March. 1872. Under an agree
ment then entered into, Gould agreed
TO tree these properties from AIl incum
brauces TO which they were subject,
but be has failed to do 20, and the &C.
ton ls based on tbst stipulation.
The following is the Erie railroad
directory ticket to be vorsd on the l4th
met, which will probably be eltc:sd
Messrs. Roberts, Stebbins, Smith.
Johnston, Bsbcock, Duncan, Meyer,
Rsmsdsll, Robinson, Barlow, Morgan,
Baelzer, Gray, Parker, and Scbu-
scbardt. 1t s reported that Mr.. Jew
ett will not become connected With the
Erie road. The delay 10 furnishing
the public with the report OF the Eng
lish experts On the condition Of Ere
Affairs IA unfavorabiy commented on 10
Wall street.
SatiouHI Rank Notes
Three Lundred thousand dolIsrs IN
National bank notes were received 1t
the redemption division to-day. 4
Washington dispatch says that Of the
FIVE per cent National bank re-
serve required TO be kept in the Treas
ury over 100000 has already been
received, exclusive Of to-dsys receipts.
The Treasurer estimates tbSt to.mor-
rovs receipts will increase the amount
to s., 0O0. 900. which is oue-half Of the
total amount to be deposited under the
new law. Under the new currency law
applications for bank charters in cir
cutaton bss reached g. 100000. The
amount OF ofcircuIstion surrso1'red under
the Ia~ reaches nearly 100000, all
10 New York city. Applications for
circulation only com. IRON parties who
had PREVIOUSLY made application.
General Hilhouse has been appoint.
I'd assistant tr .ssurer OF New York.