New-York tribune., 1874-04-13
LOCAL MISCELLANY.
FINANCIAL FACTS AND RUMoRs.

FINANCIAL GACIS AND
sroCKJoBBING cANARDs-REroRrED PROSPECTIVE
RAILROAD COMMUNICATIVE ERIE CoMPIICA-
TONs-RAILROAD PROGRESS
systematic attempt to break the price OF
the Vanderbilt stocks was the main feature OF Saturdays
stock operations I'm wall-st with view 10 accomplish
ing this all sorts OF stories freely circulated by the
bears" who were assisted by class Of minor brokers
dependent upon them for patronage. No contingency
seemed TOO wild for them TO hang a rumOr on
and no person seemed safe their scandalwagging
tongues Each succeeding story grew wilder ana more
reckless than its predecessor until finally the climax
was reached in a report that Mr. Amasa stone, the
Managing Director Of the Lake shore kalroau ana
Commodore Vanderbilt had come In personal collision.
This was so utterly absurd, however that the only re-
suit TO provoke smile OF dersion OF an expression
OF disgust.
The story OF the alleged prospective suit between
James H. Banker aud Commodore Vanderbilt re-
vved the statements Of the attorneys OF both these
gentlemen. published in Saturdays TRIBUNE. contrib
uted to impar the efficiency Of this story for
affecting the stock market and Commodore Vanderbts
subsequent denial sent 10 premature grave.
There a report OF an approaching combination or
running arrangement between the Toledo, Wabash.
and Western and the Hannibal and 81. Joseph Rail
roads. whereby their traffic might be mutually enlarged
In the Gold Exchange there comparatively little
business and the brokers amused themselves 10y sending
UP toy balloons marked Buffers Imitation"
ERIE COMPLICATIONS.
Auditor Dunaus letter TO President Peter II. Watson
on the subject Of the "E-ie Railway Finances was the
subject OF general discussion Was Popular opinion
WAS divided as TO the merits OF the case There was
very general desire for light on the subject and
ALL Sheiher friends OF the present adminstra
ton of the railroad seemed TO think that the allegations
required speedy and fun refutation.
= /. Il. Barlow SAID in relation to Dunans communi
cation that the administration Of the Erie Company had
indicated to the English shareholders desire that the
latter should select competent professional account
ant and auditor, send him to this country
40 investigate the books and affairs OF the
Company. The Erie shareholders had as
scu.cl to the proposition, ana 1t was expected
tt an accountant whose capacity and integrity should
le approved by Barring Bros the London Banking Asso-
cJto1 ana other institutions OF that city, would soon
arrive here with respect to Mr Dunan's revelations
was simply another chapter in the history Of the comb
nation against Ee. At the present time it was intended
L. begin u against the Company. Instead Of serving
the Acting President and the other directors who
here the nstg .tors of the suits would wait until Pres
watson arrived and then with much fuss and noise
would nim with the complaint, that the matter
should make good newspaper sensation. The plaintiff
in the would probably be ex-VlcePresdent of
Ee and the intention was il possible, force Erie
into the hands OF receiver If suits brought. the
Company would them in court As to the integrity
Of the official gurcs the early arrival OF accountant
selected 10y Erie shareholders would demonstrate their
correctness The whole object OF the combination
against the Erie was affect the stock market here
abroad
FROM MONTREAL TO TIE ATLANTIC.
The new MontIcaA tautlc OF railroad, formed by
the Eastern. Portland and Ogdensburg and Montreal,
Sorel and Chamhly, is rapidly advancing to completion
Within weeks the track Will be pushed to the site OF
Old Crawford House. in t3e White Mountains, and
by the first Of September next through the Notch 70
point only two miles distant from the present Crawford
House. This section OF sX miles is the most difficult and
ton Of 1900 yards Of solid rock, most OF which
has already been removed. Work will soon he begun
bridge across the Connecticut by means OF which ra
this Summer and the entire amount Of staging the
White Mountain circuit reduced 10 II miles. Fifteen
ON The Montreal slre and Chambly division Of the line
which with It's Atlantic termini az Portland and Boston
open 10 at all seasons OF the year. IS
certain to command large share OF the already vast
ANA constantly increasing gram ana produce export
trade OF Montreal aud the Dominion.
THE REV. MR.. HENDRICKS CHURCH CLOSED.
The excitement chat has been caused i'll the
Eastern District Of Brooklyn by the charges which have
been preferred against the Rev. T. r. Kondrick, pastor
Of the Grand-s NJ r. Church, and his subsequent trial
and condemnation, assumed feature yesterday.
The Of the Church decided Saturday hat in
order to prevent any unseemy trouble yesterday, 1t
would be advisable close the church building during
the u.ual hours for service although willing TO allow
the sunday-school room TO be opened iu the morning
and afternoon.
The Smday-SchOOl opened as usual yesterday
morning and Mr.. Kendrick present, but made no
address The subject OF the late trial Privately how
ever he said that IT his belief he would yet be viu
dicatei from the charges and his cleared from
every stain. Beyond this he did not TO speak at
present At the close of sundavschool hours the build
ing was securely locked TRIBUNE reporter called
ON several OF members of the congregations all OF
whom were unanimous III their expressions as 10 the
Injustice OF the whole proceedings against MI kend-
rck" I'm their opinion The verdict was not borne out
l,y the evidence One who had been a member OF the
church for years said that Mr.. kendrck had
built up the congregations that before be took charge OF
The pastOrae the membership had dwndled down 70 a
snerc haudu and that he had restored the church TO
1iroSpcrous condition. Another member said he was
certain the aggregation would have other pastor,
stnG should Mr.. undrCk be removed the paying uie-
lcrs OF the church would also leave in body.
One OF the church SAID that the church
was not specially closed against Mr. kendrlck, but
pgainst all ministers in order TO prevent any disturb
ance The had been privately informed that II
any other minister occupied the pulpit, the choir and
1nost OF the congregation would leave IN BODY and
such thing he thought would be disrepuable. In the
case OF Mr.. kendrCk, the trustees did not THINK II
kyOuld do him preach while the stigma OF the YER
diet rested upon document had been drawn up
signed by five OF the trustees, requesting Rev MI
Smith President OF the Conference TO set aside the
verdict ground that II accordance with
ghe evidence Until that document had been answered,
The felt undecided to their future course OF
action but under the present circumstances he thought
trustees had adopted the best plan that could De ar
ranged He hoped for the sake Of the church, that bdr
ynOny would soon be restored.
THE TROUBLES OF WORKINGMEN.
The feeling among the jOurneymen employed
the various branches OF the building trade is very dis