, 1875-01-03

labors we're completed late in the afternoon m
his report will te forwarded to the ComptrolIe
in few days. His report OF the condition
Of the institution will not differ materially fror
the report published in these columns Fr1da
| morning. He believes the assets will cover al
the liabilities. if 1udicously handled, and is sats
fed that the banks embarrassment is the rcsul
OF it's management 3 year or 90 ngo, whe
| nere taken and uaed BY its officers for thei
! private ends. The court-records show that Jus
before the bank went into voluntary liquidation
trust-t1eed was given to ono ". J. Culver, tt
secure loan OF $4,000, made year or more
ago to bolstar up the bank Some reeart
this transaction % o little suspicious, bu
Mr. Sphinx, who has thoroughly examined thu
| whole affair, says it was regular and in order
Ho further rays, that ho has not been able to dis
cover any attempt at fraud, direct or indirect, in
| tho management for tho last year.
| THE NORTH CHICAGO RoLLISG-M1LLa.
| Mr. o. ". Potter, manager OF tho North Chi
cago Rolling 3fill Company, in an lntoEVieW with
| d TRIBUNE reporter Yesterday, stated that tbe
gross earnings Of tho Rolling-mills for tho year
| 1874 will reach the enormous figure OF 81, 900,
| 0O0-a state Of things which nobody dared to
homo for one year ago, inst following the panic OF
| Septenaber 1873. Steel having sympathized with
! tho great decline in iron. has been brought down
to the price which IRON stood at eighteen months
Ago. and the resul. has been that the great trunk
railway lines OF Chicago hsve determined upon
tho use Of steel rails exclusively as being the
most economical. as we'll aa tho safest and most
satisfactory. -: Potter states that the con-
tracts already received will keep the North Side
! RolIing-Mi1s i'll operation up to Nov. /,
1875, in tho manufacture Of steel rnils alone.
thus giving employment to moro than ), 900 men !:
while in all probability the demand for iron will
be sufficient to koop at work the remaining 600
operatives on the Companrs rolls. This is
remarkabls exhibit OF prosperity in the manu-
facture OF steel and iron FOR such stringent
financial year rs that of 1874,
TIE DOUGLAS MosUMENr.
The Douglas Monument project appears to be
approaching favorable conclusion. Tho Board
OF Trustees OF the Monumental Association and
meeting, at which it Was decided to locate tho
memorial in tho northeastern corner OF the Uni
versity property. facing. Cottage Grove avenue,
near University place, the old site
being condemned as ineligible The present
tomb and substructure can be removed ut cost
OF s. 600. Uusouud stones will be replaced bv
new matarial- II the old property can be sold
for sufficient sum, the tomb will, probably, be
faced With granite. The circular shaft. at least.
will 10 OF that 6tone- The body OF tue dead Sem
ator reposes in sarcophagus OF white Vermont
marble: which can be removed without exposing
the casket.
The new monument vii! be constructed on the
plan deci5ed upon io July, 1854. which has beeu
Tn-drAwn r. oy tue orlgtnal designer. L: ". vols'
The architectural portion will oe soon completed:
and the Statue Fi'l be placed u position az Foon
as possible. Tue total height will be 100 feet
the diameter Of the circular base ls 50 feet. nad
OF the tomb 20 feet. Within this is IN arched
chamber 10 feet square, where rest tho
remains within the sarcophagas. Near the
corners Of the tomb are four pedestsla:
eoch Of which will be surnounted By statues OF
heroic size. representing respectively. Illinois,
History. Commerce.. and Arts and Sciences.
Above the tomb will be pedestal Is feet high,
ornamented with festoons, having near the base
14toe heavy bronco plates sunk into the rock.
bearing on their faco bas-reliefs Of subjects
purely American The first will be an sboriginai
scene !; the second vii! represent The Pio-
neer Farmers; the third will Bvmboliza