The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-02-09
WALL STREET NOTES.

A CRISIS IN c., c. AND I. c.-THE LESSON OF
THE PARIS MUNICIPAL LoAN-coNGREssIoNAL
OBSERVATION-DISCLOSURES AGAIN GOOD FOR Ex.
PoRT-A FACT IN ERIE TO BE REGRETTED
RUMoR IN TOLEDO AND WABASH.
Wall street notes everything very closely. 1t Is
occasionally moved by enthusiasm, but, as q rule,
Is questionable and critical. IL Is also acceptant.
Yesterday the rumor that the United States CIR
cult Court on the Attn inst, at Indianapolis APP
pointed w. r. Fosdick and J. A. Roosevelt. OF New
York. receivers OF the Columbus, Chicago and In.
diana Central Railroad, on their application as
trustees OF the first consolidation mortgage OF
$1,000, 900. was accepted with qualified results so
far as the stock was concerned. there being but
little Tor extravagant fluctuations, consider
ing the ngure OF which the stock was tnen selling
MUNICIPAL LOANS.
The cable announces that the subscriptions for
the new city OF Paris loan for 100000 O00f
amounted 10 forty-two times the amount required
This would swell the amount to 10. $780, 600 OO)L o.
442O 900, 000 or 81. 1o0 900 0Oo There a secret
the power OF France in this representation. Hei
people are exceptionally thrifty. England has
been called nation OF shopkeepers, while 1t has
been forgotten that France Is q nation Of manu.
lecturers. We are accustomed TO price ourselves
over our Industrious New England population;
trial action, working not only In communes but In
families, and not alone IN families but every mem.
Der o the family, and not working to savisnness.
what wonder that they are prosperous
WHAT WONDER THAT THE NATIONAL CREDIT STANDS
when every unit OF the nation is loyal and INDUS
trlOusy France, with all It's governmental dhstera
can reach us lessons In true democracy and re.
pubcanism such as other country affords.
Why cannot we und our deot as trance and PARA
sas, to Georgia and North Carolina. ASK Bullock
ana Kellogg and Brooks e. "a genus on.nes for =
solution. Look TO President Gran: and the ad.
minis. alton party and the solution will be iound.
At least so says Wall street. and the people down
there ought TO know.
ON the 4th inst, In the united states Circuit
Court. az Indianapel,s, v. X Fosdlck and :. A
first consolidated mortgage OF sl5,ooo,0 900 ponds OF
this road. were appointed receivers OF the iran.
account OF failure provide the sinking iund re-
quired in the MORTGAGE. ana because the lessees OF
.an a Railroad cOmpauy, na1in u' gwen
notice that 1t would not hereafter ope:
Would ne S in tine United ssaes
to be relieved OF any obgatlon. to operate the
road or nay the interest on the bon ds under the
lease, because Of the failure OF the e., @. audI q.
Railroad to comply with Its covenants to lund the
second mortgage and other Indebtedness into
income bonds or preferred STOCK. THIS win, doubt.
less. produce manv legal complications, as several
81 the nrst mortgage bonds, which are ahead Of
first consolidated bonds. are now In default.
TnE LITTLE TARIFF BILL.
Advtces received or the street Yesterday after
noon announced that President Grant had slgne6
this bill. Gold closed at 1l4h.
NOTE WORTH OBSERVING
Attention was called 10 tue TACT some short
time since that there was profit In the importa-
ton OF our bonds from Europe, when 1t wa
pointed out here that continuance OF this move
menr would quickly put gold up ard 50 cAunge
tine relations OF the markets. This was demon.
strated Yesterday when bankers. IN consequence
or the high col premium. were GRABBED to buy
bonds for London, the sales OF gold anu exchange
against these bonds causing depression IN Doth
these markets, which was however. checked later
by an interruption OF tnts reactlOnary movement,
t, when both the other markets again went up.
MIR. DUNCAN's RESIGNATION.
It was learned on he street yesterday that in
consequence OF q projected European tour Mr..
William Butler Duncan nad severed his connection
with the Erie Railway corporation as q director Of
that company. Mr.. Duncan carries with ms de.
partuie the regrets OF all the friends OF Erie.
RCxoR
was in circulation on the street late yesterday
afternoon that the FIRST mortgage bonds OF the
Toledo and wabash road would 0e snortly lore.
closed. This rumor, ike most OF the surprises OF
the late hours OF the STOCK Exchange, 10 gwen ior
what IL ID worth.