The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-07-24


demand az SAX a s4H. Milwaukee and St. Paul,
| and NJ. division. was strong and advanced 10
81 Alton and Terre Haute second preferred
brought 92K.
The following are the closing quotations for
Pacific Railroad bonds:-Union Pacific nrsts, 1909
1909; Union Pacific land grants. o9I 100;
Union Pacific sinking funds, e5s< 96A; Central
Pacincs, 1o01< 1Ook.
OUR ndPoHTs
The imports OF dry goods for the past week at
this port are S2474.o91 against s2S577 1913 for the
corresponding week in 1874 and So s67 in 1873;
and the amount marketed 81, S63, $40, against
81, 1851, 2Os IN 1874 and s., 447,7 in 1879
The total imports OF dry goods since January
this year are $50, s64,971, against S62,614617 in
1874 and $7o3 1853 in 1878; and the total amount
marketed 80 far this year 500. Ose, $685. against
1876, GIL In 1874 and ST. 1868, ss7 in 1873
ALEXANDER COLLIE CO.,
OF London and Manchester. But few days ago
the news was flashed to us OF the suspension OF
the nrm OF Alexander Collie & Co. for the enormous
amount OF SIS 900 co., and to-day we learn OF their
indictment Guildhall. London, on the criminal
charge OF false pretences. Fraudulent bills to
the amount OF from $1,000, 900 70 $S750oOo are cal
culated to BIO floating in the English financial mar
kets. The bare contemplation of these figures
and the desperate struggles TO keep anoat which
must lie behind such transactions are OF them
the rapid rise OF A. Collie & Co. from mere office
commission business to its recent colossal proper
tions has no parallel that we can recall
In modern English commercial successes and col
lapses. The firm OF A. Collie q Co. is not much
over twenty years in existence. Alexander Collie
It's founder Is the son OF q draper in county
town in Scotland. Young Alexander Collie gained
some general commercial experience in Man
chester 1--WE and twenty years ago, after which he
made trip to South America, where he
ceeded IN establishing business arrangements
with some houses OF standing, and on his return
to England he commenced regular shipping
commission business on moderate scale, and
his rise, although rapid, was Insignificant, COM
pared with the proportions which 1t assumed
during and subsequent to the Southern re-
nelion. Alexander Collie Co. were early in
the field OF blockade running; not with
their capital but the capital OF others. Capt.
talts's in England, who would not identity them
selves openly with blockade running undertakings.
had no objection TO invest sab rosa in such un-
sound but alluring enterprises. Alexander Collie
had no modest scrupes and so he set about estab-
fishing succession OF "ventures" as he termed
them. The first company formed owned say six
vessels and the transactions OF the company were
recorded az on account OF ''Venture No. l." each
new company being described venture"
and having a designating NUMBER. This was
The ventures" not only represented vessels, but
merchandise Also Collie Co. contracted for the
building OF vessels and furnished the goods
to be imported into the South. They had
on every piece of cotton goods the name
"a. Collie & Co., Manchester" and were
thereby preparing the way Tor a large Southern
trade In more peaceful times. A. Collie & Co.
never descended 10 furnish detailed accounts OF
the results Of ventures" but simply made resti-
tuition OF few shillings the pound sterling
and announced that the "venturs"--so far as
blockade running was concerned-was closed
(the vessel by that time being destroyed or cap
ture0. The results or cotton successfully
brought through the blockade renamed sealed
in the books OF the firm. II the balance OF cot
ton remaining in the South ever was realized the
shareholders heard nothing Of it. After the ter
mInation Of The several lawsuits were
threatened TO compel Collie Co. TO show their
books, but none were brought 10 an issue. And
so the war; which pressed so heavily on the cot
ton interests generally in England, brought
A. Collie & Co. into great prominence. Bankers,
manufacturers and merchants credited Collie g.
Co. with having amassed at least 100000 during
the war, and on that reputation they have traded
since. Had 1t not been for the general belief
in the results OF their blockade running and Con-
federate bond dealing transactions they never
could have carried on such reckless trading as
they had constant transactions with the Con-
federate government, carrying one-tnird their
freight on Confederate account as all YES
sells were compelled to do during the last two
years OF the war, and only entitled to pay in the
event OF successful landing at Nassau, Bermuda
or elsewhere; but the money even then was very
difrcult to collect. and no doubt the Confederate
archives in Washington could show o large In
debtedness to the various ventures" Of A. Collie
g. Co.
Consols were steady and American securities
nrm. Prices closed -1s65s, old, 1O7JS; '67s, los;
Erie 1874; do. preferred, 20; ten-lorties, los a;
new loan, 1855 1854
TREASURY BALANCES.
currency. 81, $50, 600
Less coin certificates ................. 22,0OO 600
GOVERNMENTS
were moderately active at the subjoned figures
which reflect the further decline in the gold
premium limited States currency slxes 121 a
122; do. de-, 1851, registered, 1lsH 11SA do.
do. do, coupon 119T q 100: do. hve.twenties
1862, coupon, 114; do. do 1854. registered, 1le
a 116A; do. do, do, coupon, 116 1l6J1; do. do,
1865, registered, 1161 a III; do. do, DO, cou-
pom, 1l75s 117A; do. do do, new
registered, III 117A; dc. do., do,
coupon, III 1l71; do. do, 1867 reg
istered, 11SI 119; do. do, d. coupon, 11o a
1874; do. do, 1868, registered, 1ls7l 11eA do
do. DO. coupon, 1ls2t 1l9A; 90. ten-forties,
registered, 115A 1l65<; do do, coupon, 1151z
116k; do. hves, 1851, registered, 1lSA 1135z;
do. do, do, coupon, l147s a 115
PHILADELPHIA STOCK QUOTATIONS.
City skies. new, 1O7K 1879; Pennsylvania
Railroad, SIX 5l%; Philadelphia ana Reading
Railroad, 551S 55K; Lehigh Valley Railroad
6lT 90; Philadelphia and Erie Railroad, 215S a
21H; Northern Central Railroad, 29H; Lehigh