New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-04-16
AMONG 10 BrsINEss Ms.

CONGRESSIONAL ACTION on THE CURRENCY CUES
rIoN-PACIFIC MAIL COMPLIcATIoNs-A MEET-
ING OF TIE ERIE DIRECTORS.
The financial bill just passed In Congress
excies alike the wonder and the indignation OF both
The contractonsts aad the infatOnsts 1t meets the
views of neither side, and is practically regarded as
dead weight By both. Some Of the operators are unable
10 understand how the bill can provide Tor
contraction aud infaaon at the time
To these persons the matter seems TO look
as II man was both "l0ng" and &" short
of a particular stock at time An amusing story is
told OF of these gentlemen who desired enghten-
ment on the subject. Approaching Henry Jackson. a
financial writer Of prominence and considerable OF
wag gentleman No. VINO largely " short" OF the
market said Tell about this financial bill; does it
mean contraction or expansion" with pleasure"
said Jackson. You're bear are you notl"
sOh yes. said the operator" Taking of his
glove, with pen and paper, Jackson DEM
onstrated TO the satisfaction OF his
qurer the effect Of the bill would be to contract to
the extent OF s355oOOOO Taking the memorandum the
gentleman walked away, very much satisfied with
result which so much 70 his inclination. Hardly
had he disappeared when gentleman No. 2, who hap
pened 70 be "ong Of approached and salutng
Jackson, entered into conversation with him Within
minute. however, ne sad "But tell me about this cur
rcncy bill in Congress" Certainly" said M Jackson
I" BY tue way, you re bull the market are you
nOtf 1ess ana 1 want 10 know WneLnef 10
traction expansion" By the same process jackson
convinced bull that the oil meant an expansion OF
f2OO1O0) IN bank credits This was 80 satisfactory 10
the bull that he proceeded 20 take drink the siren 9Th
Of the Interpretation. Ia the baT-rOOm he met the
"bear" who about 70 DO the same thing As they
were acquainted they joined and almost The first topic
broached wa the currency question "The bill
contraction; sS5.5oQO)O contraction" said the bear.
Nonsense, said the bull 1T s-2OOOOOO expan-
wa he aaoh
his slip to demonstrate his correctness CHANGING
q, each others papers It Immediately discovered
that they were the same handwriting and there
a. immediate explanation and howl Of chagrin and n-
diguatiOn at Mr. JacksOns dupncty. The story
reached Walst and served yesterday to create many
laugh al the expense OF the two speculative victims.
The fact thar the bill Is By regarded meaning
contraction yesterday sent Of stocks down from
( 70 per cent along the general list Gold declined
from lii 20 49, ana uncertain feeling prevailed
Tle Pacific Mail corruption developments are begin
ming 10 excite their share Of attention and is under
stood should the necessary witnesses be forthcom
ing the facts eiced by the Congressional Committee
MI be startling Further details OF Twins exDendi-
lures for the Company have not yet presented but
q It's well known fact that II he should 10 this
country measures would be taken 20 arrest him and
compel the return OF the s5OO)) that portion OF It
which has not been expended. There Is no doubt that
measures Will taken the $4,000 worth OF
Seal estate which lrWn DOuSll 10 fnIlhuelpbla ana
transferred 10 bis sister. The officers OF the
[Paclhc Nal steamship Company complain that TWINS
sSromses have subjected them 20 much annoyance from
peope who wish them 10 become responsible for his OBJ
LEGATIONS For example. he went 10 Washington and
while lobbying made promises 10 officials ana private
sctzens who aided him. He dId not fulfil those prom
sses, aud they spondngy annoyed and indy
nAnt
The following is the latest repor, on the financial
clifton OF the Pacific Mai COMPANY and the state Of its
steamships.
OFFICE or THR PACIFIC MAIL STEAMSHIP COMPANT
Nos. 81 and Oh WALLsf- NEw-YOEK. Jan &c, 1874 :
10 ne President and Directors Pae ne Aat! tea-
stty Company
GEsILEaEs: Ia presenting to the Board the accom-
panylug schedule vi assets and valuation of 1he com.
1anys property, your Committee have been governed
Ny the best aud most reliable information they eoud
pDtalB the condition OF the steamers and their
measure OF usefulness In most the Committee
nave placed higher estimate the various side-w
ehps than they would probably realize at public or pr.
SALe sale. view VI lie fact That Until replaced by the