, 1874-08-02

.:THE CORNER.
Instances Of the Unfairness Of
MIR. Sturgcs.
Still the Victims Will Probably Have tt
Ply Up.
Opinion Of Board -of-Trade Man.

| Opinion of Board of Trade Man.
There arc certain mattorsa IN eonnsqtton with
the recent deal in corn on the Board Of Trade
which are not GENERALLY known. In the first
place it was mucl, moro q country deal than a
city affair: There were not many city dealers
interested in it, nor country dealers either, for
thatmatter. They announced themselves ready
| to buy. grain, but great dcal~ more came in
| from the country than theg had any reason to
| expect. r.;
| As an Illustration OF the technical advantage
taken OF dealers, it would, perhaps. be well to
cite the case OF
=. sln. @. P. coasrocK. - .
This gentleman had 81, 900 bushels Of corn, or
rather itA equivalent, in mr. sturges' Office a.
two minutes Of 8 O'Clock. Atr. Sturges had
counted on the crowd before Ills door, but air,
Comstock had not. Dy the timo the latter had
pushed his way through the mob the clock
struck, and Mr.. Sturges refused to accept Mr.
Comstocks offer. To uncommcrcial eyes this
looks Like rather shabby ruso on Mr.. 6turges'
part.
Another case illustrates the case more forci-
bly,.
MI. LYo@
had Il, 600 bushels delivered from 8. r. ,Olden-
ham one minuta before o'clock, and Was nuatle
to delyer it before one minute to 3 O'CLOCK.
Mr.. Sturges refused to receive it, and Mr. Lyon
paid the difference under protest. This is note
worthy. inasmuch ~ Mr. Lyon himself estab-
lished the precedent. At the time Of his great
corner he succeeded iu starins off deliveries
until the last moment Id tho case of few inli-
Thaao Ia+t 1ya T,nrrnna1
enemies Of his, and had ''done him dirt" as he
expressed it. In tho present instance Mr..
S:urges had no EXCUSE. ue treated friends aud
foes alike.
At the time William Young made his big oar
ncr lie equeezed "tho boys" pretty sharply.
But ho gave them the odds Of generous con-
queror. He kept his office open until O'Clock,
aud gave ''tlo boys' every chance in the world.
The penny-scraping policy Of Mr. Stuges has
created go.
A VIOLENT FEELING
against him, aud there are not wanting hundreds
OF operators who threaten to bring the matter
before tho Board. II it is possible for them to
get LIS expulsion from that body thcy will do it.
ON CHANGE YESTERDAY.
The rippling which the stroke of tho bell
caused III the Board Of Trade Friday Afternoon
at o'clock had not altogether subsidized yester-
day, The tumu;r had ceased in great measure,
but now and then an angry wave washed up re-
volt in suggestion, and angry, discontinued
Bort Of feeling prevailed among the shorts. A
reporter was dispatched yesterday to discover.as
nearly as possible, the sentiment OF the meu-
bers Of tho Board on certain points, us to
whether those who had failed to fulfill
their contracts had any loopholes through
which to creep, as regards the corn corner.
The first person interviewed upon the subject
was one OF the most eminent members Of the
Board. When approached by the reportor- he
declined to commit himself unless the inter-
viewer promised the most inyiolable secrecy al to
his name Tie reader will therefore be COM
pclled to satisfy himself With this gontleman's
initial, and fill in the nafne as best suits either
Lis information or imagination.
Reporter-3lr. G., do you think that those
to settle tae difference?
Mr. C.-sec. Q Of Rule s OF the
Dohrd makes it the duty Of the Board
OF Directors to examine charges against such
tracts. II it is found that such parties fail to
discharge their obligations, the rulo requires the
Board to suspend tnem. This is their duty.
ReTorter-l understand that some Of them
claim that
COLLISION WAS APPARENT
between those who manipulated the corner and
CERTAIN brokers, through which they were un-
able to fulfill their contracts. Will any Of them
rely upon snrh charges2
aIr. C.-1f such q collusion we're represented,
think the Board of Directors would make full
allowances.
Reporter-Do you think that such represent
ation would help them in any way?
Nr. C.-My impression is that thero was an
understanding between the parties managing the
corner aud the brokers'. The latter kept the
gram until it was too late to deliver 1t. It Was
stated to- NC that certain broker had delivered
to certain parties, conditioned that they would
not deliver back to a1r. SturSos.
Reporter-Do you mean to say there Was any
collusiou?
Nr C.-I believe there was.
Reporter-Do understand, then, that the mat
ter must come before the Board?
Mr.. C.-Not necessarily There will ho no
settlement. The Committee on Arbitration will
decide upon the measure Of damages.
Reporter-Does tue ruling Of the Board com
pei an appeal to The Committee. On Arbltra-
tion?
> Mr. C.-Ihere is nothing in the niles that can
compel parties to arbitration. They are all at
liberty to take matters into the courts. 81
Roporser-How do you suppose tho case will
60?
case before the Arbltration Committee, and it is
more than likely that complaint win be made for
the non-fulillment Of contract in which case the
Directors will take the matter up.
The reporter called upon So.
MR. H'uEEBY,
who vas said to be considerably short. He de-
clned to say anything at all.
To Mr..
JOHN Z. LYON
then the reporter repaired.
Repotter-Do you think that those persons
who faIed to fulfil their contracts can be uado
to do go? ..
31r. Lyon-I think 30; yes, sir.
Rcportcr-Do you think tlley nin plead col
lusion on the part Of brokers and the men who
were running tho corner?
A1r, Lgon-Tbe latter do not deny it at ALL
They can prove it. 6turges does not deny it, as
understand.
neporter--Would such plea have any weight
with the Directors?
11r. Lyon--We!l, am not SURG about it.
would not raise it at all.
Reporter-Do you think 1t would make case
for them?
Mr. Lyon-No sir; do not think it would
think it ought not to make q case.
Miss ScdgHEicl1's Romance
From the Bersshl7e County {Mass) Eaaie.
There lived many years ago in the Cou nty Of
Berkshire, young lady possessed Of more than
tho ordinary accomplishments which, at that day,
distinguished the intelligent daughters OF New
England. At an early period OF her life her
writings attracted the attention Of the public,
\ f.-- ~