, 1875-10-21
CORRECT TIME.

6utCESH " AHk FhtSAG4s
Tha prolect Of furnishing the Board Of Tfa1o
with standard time by moans Of tclegrspl.ic
communication With the Dearborn Observatory
meets With great favor, and will DO immediately
carried into execution. Tho work Of placing tho
wirea and instruments will be concluded and as
Economical tlmo will he commenced IT. the
Chamber Of Commerce on the first day OF Mo-
7ombcr Tho need Of hhying eomo reliable
tltneplece ia the cnntral part Of the city Ia al
mitt cd by everybody. and especially ia it tIeces-
eafy 10 the board Of T1ndo, where, frequently.
large sums Of money depend upon the sstoke Ut
the hour for closing. Hitherto 1t las boen AZ
the regular ume but it needs very little inspec,,
ton to discover that tho regulators 'ary sofcEa
minutes, thus rendering It extremely doubtful
wAethor any OF them keep correct titne Tie inl-
rottAnce Of securing
AN AnsoLuTEIy.rxAcT TIMEHfCk
for the uso Of the Dokrd OF Trade can bo eastsy
iJluBtratod. It is well known that tho charge
for tho utorage OF grim Is Increased every ten
days. Therefore, II 4 Rells to u 50.000 buahels
Of wheat 70 bo delivered at any tirno in Octobor,
1e naturally delivers II AZ soon ~ ho can, IN or
dor to save further cxpnnso for storage. 1ie
holds 10000 bushels Of "hont. the ntoFnEe OF
which expires OIL q certain day. htser Which an
additional Charge at one -half cent per busbel
viii bo mat3o by tho warehouseman To tho person
,5hu holds The receipts. II In therefore AS In
forest to deflvor the papers Of ownership to
before O'Clock on that day. ! o'clock being tho
hour ot uinHine: aad. on th" other hand, It Is
1,e inienest not to bayo it delivered, a. lie call
fhua save aa5U. tho cost of storage. Now. \
takes tho papers to the oslico OF Is Just M tho
land of tho clock points to ., md d refnses to
receive them on me ground that 1t ia past tho
hour for cpntEK business. By referring to All
other CLOCK, A may tlnd that he of7oEol 10 deliver
Il few eocouds before 8, and on thst GROUND may
slatn that u is Liable for storage and thero may
ac endlcns litigation in tho nlaitor. Whereas, II
sh. i-,rA ufH Srn1 St$r11 fittH
courta would undoubtedly basa their decisions
upon Il. .....
Tho above il a,mplo laso that may occur any
dty in any month. bat 1t not ,nlro1uently hap
mems that
aEyEaAt THOUSAND noLLANs
dcpond upon tic stroke OF on the last day OF
tho mouth Que Of thu markotA Iney have
been aEsatiuia''y excited. The price OH TITO list
aaY Of October may havo been run u(' to 70
cents llshe! more than any ono ia willing to
pay for it on thu first tAv OF November. III
sueh cast Tho interest OF = man in delivering
tbo gram, on tile Que haud, and in refuslus it
on tho other, ID very great, Oh this transaction I-
volrcs gain or loss OF 25 ceuts on overy b,,nhea
Of grain. Everybody remembers ths eycte-
mept that attended tho delivery Of corn Ut tho
tine Of the Sturgis corner ycar ago, when the
Tap Of q bell nlatso difference OF over $780, 100
In the yalue Of the corn owned aud held in tho
citv.
it need only ba said further that iu Europe
aud in the Eastern citsoR OF this country there III
standard astronomical time. From tho Obscrva-
tory at Camblidgo tho oxact timo is t1egtapllel
daily throughout New England.
THE METHOD or TEt.EnAarnrSa THE TINE
ltere will be GomaNtat dlffcfout from thRt pir-
butd In other cities. Au ordinary toiegtapl,ic i'll
str,nont lu tho Chamber of Goumereo will DO
connected with tho Observatory at the Uniser-l-
ty. and tho time will be continuously indicated.
night and day, by tho tickings OF Tie knob OIL
tho instrument. which will correspond exactly
with those OF tho Observatory clock. It Ia prenI-