The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-03-13

Gilman, Clinton and Springfield. .....-.. III
Springfield and Illinois Southeastern ....... 22t
Springfield and Northwestern ............. 4!
Cairo and Nlncennes. ..................... 16t
st. Louis and Southeastern ................ 20t
Tamaroa and Chester Observation-Disclosures. A.
ROckport and Rock Island. ....-..-....... 42t
Toledo, Peoria and Warsaw. ............... 24t
indianapolis, Bloomington and Western. 169
Toledo, Wabash and Western. ............ 81
Chicago, Danville and Vincennes .......... los
Total. ........................,2, III
Computing by mileage this list represents
one-third of the railroads in the State of Hi
nois, and the companies named in it are said
to be utterly insolvent.; their entire capital
stock and unpreferred debt is wholly sponged
out of existence" 1t is sad exhibit.
A Black Friday Relic.
September "a, 1869, will be remembered as
'Black Friday, on account of the great gold
corner plot, in which Jim Fisk and Jay Gould,
of New York. were the chief conspirators. A
secret chapter or two of these events are about
to be revealed in the United States Circuit
Court of New York city, where two actions
are instituted against Jay Gould and his part
ners of the firm of Smith, Gould & Martin.
These actions are brought to recover 81, $780,
600, and are instituted In the name of Edwin
l.. Lewis, trustee in bankruptcy OF the estate
of Jay Cooke Il Co. Mr. Lewis, besides being
such trustee is president of the Farmers and
Mechanics Bank, of Philadelphia
Action No. is brought to recover $50, 900
against Gould and his partners on account of
sales of gold on Black Friday, September a,
1869, by Jay Cooke X Co, to Albert Speyers,
for and on account Of the defendant and lanes
Fisk, Jr., constituting the gold clique at that
time. Action No. 2 is brought to recover
81, $780, 900 from the same defendants, for cur
rency advanced on borrowed gold by JAY
Cooke x Co. through William Bolden Il Co
The usual legal document capias have been
served upon Jay Gould in each suit. AS no
declarations have vet been filed, and as coun-
sci in the case have declined to give informa-
ton in the matter, further developments must
await the progress of the suits in the courts.
Debts Of the Southern States.
IN Y. Journal of Commerce, March G..
The second annual report of the Council of
the London Corporation of Foreign Bondhold-
ers contains some information and expresses
opinions with considerable acerbity in regard
to the attitude of the Southern States towards
their creditors. The report affirms tina. 1.-THE
condition of the securities of the Southern
States Of the American Union has awakened
distrust of the credit and lowered the
market standard of American invest
ments generally During the year
there has been considerable financial embar-
assment. owing to the great commercial crisis |
but" says the report, 1.-The condition Of the
treasures would, in many of the Safes have
admitted Of large payments had there been a
steady disposition to do the best according to |
means This has not been exhibited"
In regard to Virginia, complaint is made
that the hopes of the foreign bondholders
have been disappointed, though lit is, how
ever, believed by some that there are signs Of
a more wholesome state of feeling beginning
to be manifested AS to the apportionment
of debt, tits remarked that "the bondholders
have considered that it is not their interest to
initiate any proceedings which would estab-
lish distinction between Virginia and West
Virginia. They simply look to the firm with