davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1874-04-23

ticaiy unchecked for eight months, while
himself in Europe, man whom he now de-
clares to have been utterly unfit, is as grave
a mistake as an executive officer can commit.
Mr.. Watson's letter reveals method Of getting
at the annual profits of the corporation which
seems to us most irregular and Objectionable.
He says, and it is well known, that the policy
long since announced by him as the governing
principle of the new management, was to
charge all expenditures for new work and I'M
provements to construction account, to deiray
such expenditures by an increase OF
capital raised, thus far, on the bonds
of the Company, and TO divide the
net earnings, be they large or small, among the
stockholders. In his testimony, year ago.
before the Legislative Committee, he specifies
the difference between the price of iron and
steel rails as proper charge to capital, when
iron rails were taken up and replaced by steel.
To this principle he did not adhere, for he
says that |" the cost of relaying over $50 miles
I" of iron rails with steel or steel-headed rails
was charged wholly to current expenses, ana
that this involved the transfer OF over
million dollars from the capital account, where
it belonged, to the expense account, where IL
did not belong!
WHY did Mr.. Watson violate his principle
Why did he thus withhold in nine months
over one per cent which ought to have gone
"a dividend to the holders of the common
stocki This question he himself asks, and
answers-not very conclusively. as we think.
Simply because policy, which is the direct
opposite of the policy he professed at that
very time to be following, seemed 20 him to
be wiser! Because, being under neces-
sity of borrowing fresh capital, he thought
the dividends should be small as possible !"
Then, what is still more astonishing, finding
occasion subsequently to declare larger dlyl-
dend than the apparent net surplus of re-
ceipts over expenses would justify he gives
directions to the Second and Third vice.
Presidents, experimenting respectively the
machinery and road bed, to report " the
"sums which in their judgment should
"be withdrawn from the expense ac-
"count and charged to capital account y
And this three months after the period
covered byl the dividend had expired. 1t
seems to us that this is not proper method
of getting at tho surplus available for a
dividend, and also, that the Second and Third
| Vice Presidents are not the proper persons to
audit their own accounts The letters OF
these officials, which are appended to
the statement of Mr.. Watson, add nothing to
| its strength. Comparisons with previous
years signify but little, since the price of iron
was at the highest point during the period in
question, and the traffic of the Company had
greatly increased We regret to be compelled
to take this unfavOrable view of Mr.. Watson s
letter, and we shall feel it to be duty to
revise and even to reverse our opinions should
any new information be adduced to justify
| the change.
New-York tribune., 1874-04-23
pnelness Nollles.

BLsT PLAN IN LIFE INSURANCE.-The all
cash plan OF the TRAVELLERS Insurance COMPANY.
BACHELORS HAIR DYE is the best in the
rhe sn4 Hair Dye Al sduggst
BoOrs AND SHOES for Ladies, Misses, Gents,
al styles and pises Paonite MILLER Co.. Unionq
{" IRoN CLAps," "a strong, serviceable Shoe for
AouTH.
CAsTaELL. 2s9 apd 24l Fourthve., Nineteenth.t
IMPORTANT DECISION.
The United Stat has decided in OF the Phdcl
ps Gsru1c EItngher Co. the suit brought against them
b Babok Company alleged Infringement declaring the Bah
cock paiei o invalid.
o. tn opinion Of the Court be had Of the Clerk
u 3 Great Court st Phi.ade ih.a.
PHILA FIRE B1TISGUsHER Co,
42l Wslnutst, Phia
New-York tribune., 1874-04-23
Nelp.alork Oailu Gribna1e.
BY HORACE GREELEY
THURSDAY. APRIL %, 1874.

Tue Carst Cen saballs has ordered that all persons
be punished by death who furnish food to the cities
OF Sebastian, Reneria and Irun. large Republi-
can force is marching Valmaseda. - The people
of MaracaiUo havo driven Gov. Pulger out OF the
province. An attack made upon ex-President
1T Fort Garry Manitoba, by French half breeds
An attack by Dutch troops upon the Atcheenese
has been repulsed. The Cuban Cen Maxine
Gomez captured san Miguel de Neuvtas, but subse
queutly driven out. =- The first mate OF LAm6rque
has committed suicide.
In the Senate yesterday the consideration OF the Men,
MONTE bill resumed and continued until the expra
tion of the morning hour, when the Louisiana bill
up Mr. Salisbury proceeded to review the history OF
tho Louisiana troubles; he interrupted at 2:20
O'Clock by the appearance OF the Presidents private
secretary who presented message from the President
vetong the Finance bill; the message ordered
printod, aud to lay the table until time
next week: the Senate then proceeded to the con-
sldoraton OF bills the calendar and o
largo number were disposed Of In the House bill was
reported from the Foreign Affairs Committee TO carry
into the provisions of the Fourteenth Amend
ment concerning citizenship. and discussion ensued
between Messrs L. T. Hoar and Cox the consideration
Of the General Appropriation bill then resumed, and
a debate the finance question took place after dis
posing Of IA pages of the bill the House adjourned.
President Grant responds apprOvingy to Baxter's
proposal refer the Arkansas troubles to the Legsa
ture of that State Another volcanic shock has
been felt at Stone Mountain, y. O. The State As
sembly passed Mr. Cauldwelrs bill for rapid transit in
New-York. - The Supply bill lost in the State
6enate for lack OF a constitutional VOTE
The Presidents OF the Currency bill the prn-
cipa subject OF conversation Wall Street and in
fneroiaI circles. - The National Board Of Fire
Underwriters begun their annual session. - Presi-
dent Watson presented report la vindlcation Of tho
management Of the Erie Railway Company. - A
report was presented 10 the directors of the samana
Bay Company by DR.. Howe their resident manager
s- An important insurance decided in favor
of the company. Sir Lambton Lorraine visited the
island institutions the guest Of the city authorities
-. John Calvin, former Tombs prison.keeper, was
sentenced TO the State Prison for 20 years for robbery
s== United State Marshal Harlowe remained in pos
session OF the offices Of the southside d. ~ Railroad.
r= Gold IlSl l1St lSs. Thermometer l5o 500, t6o
New-York tribune., 1874-04-23

the bill introduced yesterday giving 10 the Msyor the
filling OF vacancies IN the heads OF departments inde
pendent Of the Aldermen. M Coughlin dssented from
the report strong lobby OF Custon-house politicians
is here. is sad press this and other party bis
made necessary by the combination OF political
factions In NewYork tho prevailing opinion ia that
they ere too late to effect anything.
Among the arrivals this afternoon Thos Murphy.
exPolice Justice Bixby. James W. Farr. exWarden
Tracey Col Clark OF the 7th Regiment. NJ H. Pied.
AssemDlyrn Cook, and others.
New-York tribune., 1874-04-23
TEENS or The TRIBUNE.

DAILY TRIBUNE, Mail Subscribers. $40 per annum.
AEMI-WE WEERLY tribune. Mail Subscribers SS per An.
WEEKLY Tribune Mail Subscribers, 81 per annum.
Advertisements received at uptown Offices. SAT w.
S2dsi.. or sos w. 23d-s; at the Harlem Office 1886
FOurth-ayo between 129th and l30th-ss. and at the
Brooklyn Branch Office 323 Westinghouse, next
door TO the Post-Oiice. till D. H., at regular Tates
During ne construction or the front Of The nsp Tribune
building The Tribune once may be found IN The frst
budding ia ne Spritce-st The Tribune Counting
Room Is he first floor and isetei ed at ne second door
dO,0n Spruce ST. IRON He old ste.
New-York tribune., 1874-04-23

The latest phase of the Arkansas contest
is the proposition of Baxter TO "leave it out"
to the Legislature. The Legislature has once
passed on the question of the Governorship
and awarded that prize to Baxter. That he
is so ready to go before that body again with
his claim will be accepted by outsiders as an
indication of his confidence in the majority
of the members The present Legislature,
however, is not the same as that which
considered the Baxter case, as it has since
been reorganized by large number of elec-
tiOns to fill existing vacancies. What Brooks
says about this offer is not reported. Probably,
as he has possession of the Gubernatorial chair,
however uneasy he finds that seat, he
will fail to see why he should make any more
trouble about it. He will be very likely to say
that as the Legislature has no more power
than the court which has just given him the
office, he does not want to bother himself.
The President approves the proposition of
Baxter. But this approval, of course, cannot
be taken by either contestant as being any
thing but the opinion of friendly expert.
New-York tribune., 1874-04-23

Mrs. Louise Chandler Moulton, whose Boston let
ters notonly have been an unfailng delight to our
readers, but have become a necessity to those VINO
would keep themselves informed with regard to
authors and books, is about to test her welcome at
the hands of the public with volume of original
love-stories entitled "Some Women's Hearts,"
which Messrs. Roberts Brothers have now
in press. Mrs. Moulton's creative talent is
quite as noteworthy her genius for the
suggestive analysis of current book. No
contributor more popular with the critical readers
OF magazine tales Her stories are relieved with
shrewd touches Of character. are always marked
by great decacy and naturalness, and often by
genuine dramatic power. Authors magaznsts,
publishers and the noble army of readers alike owe
this charming writer debt which it will now be
their opportunity and advantage in some measure
to repay.
New-York tribune., 1874-04-23

railroad TO tho moon. 1t would hurt no rival
scheme; it will do us no good. IL 1t had poen
in the way of the bills "with money IN tnem
Il would never have come out of the haliroad
Committee alive.
New-York tribune., 1874-04-23

In recent speech Sir Henry Thompson noted the
fact that all men of action whether educated or not
require foil of some kind to their hours of blank
toll and went to say that if you take away liquor
from the workingman you must put in its place
some agent of amusement which Will give the eleva-
ton of spirit and buoyancy of heart furnished by
alcohol He holds therefore, that on all days, and
especially on Sundays coffee-houses reading-rooms
libraries museums. and picture galleries should be
thrown open TO laborers His advice is as applicable
here as in England, but fear that not one of
scientific men would be much inclined to make an
offer like that with which Sir Henry concluded his
address much as want my own Sundays rest"
he said occupied as l am, would gladly devote a
part of it to accompanying party of wOrkiDgmen
round our National Gallery to cultivate their taste
TO any extent to which might be able"
New-York tribune., 1874-04-23

Hereafter, as in old times at the Academy of De-
sign. Wednesday night is to be known as the Artists
Night and the hermits of the studio make it point
to be present in the company of the visitors to the
Academy exhibition 1t is the best exhibition tho
Academy has had for many years, and the public
were glad last night to the artists appearing once
more among their pictures if not ashamed Of them
New-York tribune., 1874-04-23

There is no doubt that law should DC
made 70 regulate the rights of those persons
who have acquired American citizenship ana
taken up their residence abroad without an
intention of returning. The bill now before
the House of Representatives., so lar as VIC
can Judge by the information published to-
day, is open to serious objections. A
system of supervision over persons re-
siding in foreign countries is proposed, which
seems to have had for its model the offensive
police regulations of some of the States on
the European continent. But what IS worse
the House is asked to create an odious dis
tinction between native American citizens ana
those who acquired citizenship by naturahza-
ton. Some enemies of our country are very
busy in Germany just now in endeavoring to
discourage emigration to America. The pas
sage of this bill would give them very
efficient means for promoting their schemes at
our expense.
New-York tribune., 1874-04-23

We print to-day DR.. S. G. Howes account
of the striking of the United States flag at
Samana Bay. The flag represented nothing
but private lease of the soil; but its
being lowered by the Santo Domingo author
tiles meant much to the worthy gentleman
who represented the Samana Bay Company.
His account is picturesque and vivid in style,
and its perusal will almost make the reader
sorry that the great Samana scheme has thus
come to grief. But no compliments paid to
DR.. Howe's document can affect the main
question. His protest will be unavailing, strong
though it is. Everybody knew how uncertain
was the tenure by which Baez held his power
when he granted the lease; and the Govern
ment to which the lessees now address their
remonstrances may be no better able to grant
redress than the defunct Government Is to
rescue them. The Provisional Government
has seized the property of the Company. What
are they going to do about it'll
New-York tribune., 1874-04-23

Now will not our merchants and business
men generally take heart of hope ana see
what can be done to utilize their remaining II
chances for Spring tradef Pracucay
the initiation business is settled Inc
paper money schemcrs have no
majority in either House suilcient
70 enableithem to carry bill over the Presl-
dents veto. For another year at least we are
delivered from the dangers of an unlimited
food of irredeemable paper money. NOW, ae
last. YOU "know what to count on" ana can
90 to work. Shall we not have an END OIL
despondency and inactionf
New-York tribune., 1874-04-23

The advocates of the Fourth and Third
Avenue Rapid Transit bills will make a great
mistake, If they have any desire to build the
roads and yet insist on crowding through the
bills in their present form. tbs preposterous to
suppose that the people of New ork will allow
any corporation to get such absolute control
over the public parks as the Fourth Avenue
bill cOnfers that they will consent to sur
render what is left of City Hall Park for
big railroad depot; that they would per-
NIT Park row, already congested at certain
hours of the day almost beyond the possibility
of passage by the jam of horse-railroad tracks
and the tbrOng of passengers, to be further
blockaded by prODping up rapid transit
road over the street; or that Park
ave. should be sacrificed to horse
railroad. No one of these features Is
essential to the bill. Without them Mr.. Van
derbilt would encounter little opposition, espe-
cially if he would give convincing proof of
disposition to build the road after he got the
power
New-York tribune., 1874-04-23

1t is observed that, now the Congressional
inquiry shows how great have been the frauds
In District of Columbia affairs, the officials
are ready to put all the blame on the Legis-
lature. When the inquiry began, these gen.
tlemen denied everything. 1t is too late to
reiterate that denial it is easier to make a
scapegoat of the Legislature. But it must not
DO forgotten that that body was the creature
of the Ring. 1t is equally notorious that the
Ring "ran" the District Government and the
Legislature. Furthermore, it is the Ring that
is now on trial.
What is known as the Cauldwell Quick Tran
cit bill was passed by the Assembly yesterday.
Some of the gentlemen who have distinguished
themselves by their affectionate adhesion to
the Vanderbilt and Third Avenue Railroad
schemes, seemed to think that they had earned
the reputation of disinterested friends of qaick
transit in this city since they had permitted
this bill to pass without opposition. The bill
proposes a steam railway on depressed track
east of Third-aye., from the City Hall to the
Harlem River. 1t would cost an immense sum
of money; it is not likely that it ever will be
built. 10 pass such bill is like legaiizing q
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1874-02-16
fire ON Main street.

At hali.past eight o'clock last evening
officers Homan aud Davis observed
flames bursting out in the rear of the
jewelry establishment oil q. l.. Michot,
No. 3774 Main street Over the store q
fashionable boarding house is kept, and
great was the confusion therein during
the fire A dense smoke hoated mp
through the house, and the yestals had
to leave and take refuge on the side
walk. A number of young gentlemen
gallantly rushed to the rescue and
worked faithfully in carrying from the
upper stories Saratoga trunks, sewing
machines, pictures and furniture. These
gentlemen deserve to have their names
published, aud no doubt several of them
would have been smoked to death in the
upper rooms were it not for the fact that
they we're thoroughly acquainted with
the stairways, halls and corridors of the
establishment Several of the vestals
tainted, and had to be carried down
stairs by their gallant rescuers. In less
than thirty minutes the fire engines
threw few streams Of water into the
jewelry store, and all danger was over.
fYsURApcEs.
The insurance is as follows: On Mich
OTIS stock of jewelry, clocks and watches
$4,000 in the Phoenix of Memphis. The
entire stock, valued at from between two
and three thousand dollars. was almost
destroyed by fire and water. The store
is perfect wreck.
On the two building' Nos. 1851 and
359, owned by Thomas Il. Cooke, there
is an insurance OF $4,000 divided, as fol-
lows: $4,000 in the Phoenix of Brooklyn,
$4,000 in the Continental of New York
and $1,000 in the Planters of Memphis.
The damage done to the building
amounts to from three to six hundred
dollars. Up Stairs, Kentucky House"
the furniture was damaged to the amount
of about one hundred dollars; fully in
sured in the Bluff City and Peoples.
The adjoining store, occupied by A.
Logomarzino as n lead, iron-pipe and
pump establishment, was injured by fire
to the amount of 800 Mr.. Logomar-
limos stock was damaged to the amount
of 5000. No insurance on stock.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1874-02-16

ing for all uoints on White, Black arS'
Little Red rivers.
Colonel Carr, the Supervisor and In.
spectOr of the Sixth civil district, arrived
home last evening from Washington.
whittier he has been to attend a meetina
of the Board of Inspectors.
The Louisville is due down tomorrow
en- route for New Orleans.
Mr.. Will s. Vischer, formerly editor
of the Richmond Head Light, has been
commissioned mail agent on the North
Pacific railroad, between st. Louis and
Kansas City.
The John B. Maude, Captain Noel ii
command, came in this morning from
New Orleans with Is bales cotton, 80
hogsheads sugar, 22O bbls moIasses, and
a list of other freight and big passen-
ger trip The Maude will leave Thurs
day evening for New Orleans and the
bends. Captain ALI. Grissom presides
in the Office, while Captain Swivel a
clever gentleman, looks after the com.
forts Of the passengers.
The A. j. White, Captain Mark Cheek,
from Napoleon, brought in lag bales Of
cotton and big list Of passengers She
leaves this evening at o'clock with
return trip for Napoleon and the bends.
Messrs. Wildberger and Sharp are her
attentive and clever clerks.
Captain Nick Lightburne has engage
ments of GOO bales of cotton for New
Orleans and 1000 bales for Cincinnati.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1874-02-16
Chew COIeman's Pressed Fine Cut
COstumes-Leubrie's.
Personal.

ECEuOnAA.
State Comptroller Burch, Superintend
ent of Public Instruction Fleming, Rep
resentative Lindsey and other leading
Nashvillians are in the city on Mardi
Gras visit.
Mr.. VIM. A. Shorter, a member Of the
Louisville bar, is among the Msrdi-Gras
visitors.
DIR. j. W. Rogers lectured on Bis
marck and the Pope at the Greenlaw
Opera House last night.
Mr.. J. NJ. Windle, of the P. C. and St.
L. railroad is in the city to attend the
Mardi- Gras festivities, the guest Of Capt
All G. luther.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1874-02-16

find accommodation. clearinghouse
keepers should leave their address with
the clerks Of the different hotels, so that
strangers can be directed.
Bluff City Shooting Club bird match
on the 26th inst. Three prize silver
cups to the first, second and third best
shots will be given. The match is a
handicap. at ten single birds. A deer
chase will come off on the same day.
A special train engaged 70 carry visitors
to the Fair grounds.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1874-02-16
RIVER INTELLIGENCE.

BOATS LEAVING TO-DAY.
st. Louis, Belle Memphis...... .............5 p.
Napoleon, A. j. pm
ARRIVALS.
Steamer Pat Rogers, Cincinnati.
Paragon. st. Louis.
City Of Quincy, St. Louis.
Phil Allin, Friar's Point.
Pauline Carroll, New Orleans,
Grand Tower, St. Louis.
City OF Augusta, Wittsburg.
-" Fort Gibson, Arkansas river.
Frank Forest, Fulton.
Joe Kinney, Vieksburg.
Legal Tender, White river.
John B. Maude, New Orleans
" West Wind, Point Pleasant.
DEPARTURES.
Steamer Paragon, New Orleans.
City Of Quincy, New Orleans.
Phil Allin, Friar's Point
Pauline Carroll, st. Louis.
Grand Tower, St. Louis.
City Of Augusta, Mariana.
Frank Forest, Fulton.
Joe Kinney, st. Louis.
IN PORT.
Fort Gibson, Mary Boyd, West Wind
Pat Rogers, Legal Tender. John b.
Msude.
WEATHER AND BUSINESS.
Weather cool and cloudy. The river
here is declining steadily. At st. Louis
the river is rising rapidly. The Ohio is
swelling from Pittsburg down. Arkan
sas river is falling with seven and hall
feet in the channel. White river con.
tinues in good navigable order. Bust
ness on the wharf is moderate, with a
fair movement in freight.
MISCELLANEOUS.
The landing presented rather an ac-
tive appearance this morning, with
large receipts Of cotton.
The Crescent City added a barge to
her tow here for New Orleans, which
contained 300 tons oil cake aud $50
bales cotton.
The Pauline Carroll passed up for
St. Louis yesterday with 400 tons Of
sugar and molasses.
The City Of Quincy passed down last
evening for New Orleans well laden and
full Of people. She added at Belmont
246 bales OF cotton, and put of here 90
bales.
The Paragon passed down last even
ing for New Orleans loaded down fat
She added here $50 bales Of cotton.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1874-02-16
FANCY AND STAPLE NOTIONS,
FINANCIAL AND COMMERCIAL.
MONEY.
PUBLIo LKDeKR 0FyIoE, I
n. Tenn. February 10, 1874. I

MONEY.
PUBLIo LKDGKR 0FYIoE, I
MEMPHIS. Tenn. February 10. lsl4.J
Business in financial circles this morn
ing was extremely quiet, with little do
ing aside from the regular routine OF
business. Deposits are fair, with cur
rency IN abundance and money easy.
The banks are discounting all 6rst-class
paper offering at lO@l2 y cent. . an-
nun; street rates rule at HOO 2 cent.
. month. Brokers are paying llO39lll
for gold. Exchange is steady and IN
good supply at the following rates; On
New York sc discount, Boston and East
ern points &c of, New Orleans tc of.
LEGAL securities remain quiet and steady,
with light transactions. City bonds are
firm, though there is little doing in the
market. County warrants are are siiaf
at 90a9lc.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1874-02-16

The market since our last review has
ruled steady, with prices firm and a
slight advance during the week of bright
cottons, which are scarce and in good
demand. The falling off of receipts
hos inspired holders to ask full prices in
anticipation of an advance for fine
grades, owing to the light supply. Low
grades have ruled nominal, and are not
much in request The demand is mostly
confined to bright cottons. The market
to-day was steady, with good demand
for bright cottons. offerings were fair.
Low grades are still neglected and not
much in request. Liverpool was reported
firmer; middling uplands, Sd; Orleans,
9I@8sd; sales, $4,000 bales. New York
for spot cottons was reported quiet; low
middling, Isle; middling, lGic. Futures
were quiet and steady. The market
here this morning was steady, with a
good demand for bright cottons. A few
hunkred bales changed hands Of low
middling at l4a@l5c, and middling at
l54@l53c.