New-York tribune., 1874-03-18
FINANCIAL ELEMENTS.

A RUMORED DEBALCATION-THE ERIE INYESrIGA-
TIoN-RAILRoAD FRAUDs-A BANKRUPTCY PETI-
TON
The stock market was dull yesterday, open
ing weak at decline from the closing of Monday,
and falling stj further with only mod
transactions. Harlem was the exception 10 the
general list, this stock having advanced two per cent
ard afterward fallen of a fraction 1t il the general
opinion among both brokers and merchants that bus-
ness will revive permanently until the currency
question ia definitely settled Much interest ia there
fore manifested in the meeting TO be held next
Cooper Institute to immediate action npon
Congress- The Committee having the matter in charge
say that II Will be held Monday Tuesday or Wednes
day evening. as shall best accommodate the speakers
whose services they desire TO obtain.
There we're rumors yesterday morning OF the defaca
tion OF n leather merchant doing business IN tine
swamp" On investigation it was found that A. Ellis
OF the firm OF W A. Ellis Co. Of No. A FrankfOrt-st.
had left city Friday last, and had not since been
heard from. The firm dealt chiefly in Texas hides and
were sellers in this market therefore they not in
debt 10 those in 4" the swamp" Morton. Bliss q Co.
were their bankers, and made some advances con
signments and warehouse receipts They are somewhat
in debt this house. though Mr.. Bliss said 1t only
70 a small amount and declined enter into particu
lars. 1t said that Mr.. Ellis borrowed money from
some of his business friends before leaving city,
this could not be verified
A dispatch announced on Monday that the Panama
Railroad Company was about shut up all the stations
between Panama and Aspinwsn except On inquiry
at the Company's office, a TRIBUNE reporter n-
formed by the Secretary that the report correct
The stations have used solely for the purpose OF
obtaining wood fuel in the engines but the wood
was becoming scarce the Company have adopted coal
burning engines, and will their coal from New
York. There formerly six stations between
Panama and Aspip wall five of which will be closed. 1t
I,TI.u 10. a
annually.
The Committee appointed examine the accounts OF
the Erie Ralwa Company have only held meeting
but their examination has been sufficient to convince
them that there very little to be discovered. John
Taylor Johnston, a member of the Committee, told a
tribune reporter yesterday that il the public expected
any elaborate report showing new facta or figures
they would probably be greatly disappointed. He be-
lieved that Mr. Dunan's accounts had been correctly
kept and that the January report showed the exact
financial condition Of the Company full examination
would however, ne made by the Committee
The ticket agents Of the Erie Railway have for long
time suspected that system Of fraud was pracced by
some Of the conductors the line, by which the Com
pany was losing large sums and last week four oon
ductors OF Delaware Division and three residents OF
Port Jervis arrested and placed under bonds on
suspicion being Implicated. II is said that the prac-
ce has been for certain conductors return without
punching portion tickets collected by them, to
deliver them persons outside, who sold them 70 be
used again. officers Of the Company in this city de-
cline 20 give orlany additional information for
the present.