New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-04-08
FINANCIAL ELEMENTS.

ryFL,TIoN AGITATION on 'CHANGE-sTRAMSiIIP AND
RAILROAD COMBINATIONS AND INTERESTS.
Conversation on Broad and Waists. yester-
day seemed to entirely given to the discussion OF
III. financial before Congress ana the DEBATE
attendant upon their consideration by that Douy Inc
massage by Senate OF the bill fixing the aggregate
Iacal tenders and National bank circulation at s5DlO"-
600 was regarded with favor by the infatonists whe
II created profound disgust in hard money circles.
Tho more calculating business men, having seen the
numerous slips between the inception and consumma-
on of Congressional measures disposed to Wat Eor
the concurrence OF the House before they commit the
selves 10 any line of action and the very cautious deal
ers are disposed to wait until the President mas sSheu
his pleasure in the matter, and wait until tho
hin ia either signed vetoed Gov Dxs INFLAMMATION
message was unexpected by the street. and afforded
- % comfort 10 the advocates OF specie payment, who
heved that 1t would be tile forerunner OF many more
a IT, rssuting finally in the creation OF public senti-
nen which would nullify the efforts OF the lnnalos.
On the strength OF the imitation news gold advanced
n 11s1: but the announcement Of Gov Dxs message
tho rce declined to ll3i subsequently 1t reacted anu
closed OF 1884 to 49, The stock market was hiui anu
,evertsh under the influence OF the imitation discussion,
b,t became duller and steadier toward the close
Tho alleged prospective combination between the
racidc Mail Steamship Company the Union PACING ana
Panama Railroad Companies formed the SUBJECT oi gossip
In ,ne offices OF brokers' Whetherthere Is any
truth IN the Of prospective combination or not
# il certain that the prices OF these stocks were less
affected by the agitation than the rest OF the list.
The Stock Exchange has appointed the following COM
mitee 10 nominate officers for the ensuing year: "h
Alexander Smith, Howard Lansley. Benjamin smith, D.
" Eooeoek and Moses Mitchell. 4.
frhe officers OF the Erie Railway SAID yesterday tha
dinacbes had been transmitted to England Dy eheeS
~ Inc road TO the effect that in consequence OF te
onshanns strike, the earnings OF the company ior n
1sst week had decreased 100000 The oincers say ta
,ese dispatches untrue and that the decrease o
the week. all causes combined was s56oos anu a' 'no
cnmparaiiye decrease for the fiscal year Is slZioO
Ira meeting OF the second Avenue RAILROAD Drsctors
vesteriay JuIus Wadsworth, who has served as fce
2ent az the Company the last eight years aeGheu
raaIeeuon ana solomon MehrDach was eleceu fres,-
Sent. Julius Wads worth, VicePresdent mhnam o.
Tborn Treasurer; Harvey H. Woods, secretary, anu
Inhn W smith, superintendent ,n.
Tine pewly-elected directors OF the Panama Earoao
orranized yesterday by the election OF husseii sage
presdent George g. Scott Vice-Pre sidehti r. W.
ReIiows secretary and j. b. Houston, treasurer;
E,n.nce and Executive Committee con,st vi husScl,
,e George S.scot Trenor W. PARK, H. H. Baxter anu
Gorye j. Forrest. The Panama ana facinc companies
ore controlled by the interest," ana IL Is expected
mt these companies will enter iDto an arrangement
aIh the Union Pacific Railroad whereby they wiz es-
,,nish schedule OF rates mutually Satisfactory nus
III "a ee said yesterday that there would DC no lrouDo
uita me Union Pacific Company. but that the racine
Nail Company intended TO yet their snare Oh lns pu'
-. which now goes through the Suez Canal