New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1875-08-13
NEW YORK.
The Sioux at Mischief.

New IoRK. August IA Bismarck, Da.
kota, dispatch Gays Robert Henry was
killed within two miles OF Fort Abraham
Lincoln, and his stock run Vpf. The next
night the Indians ran in party cutting
hay.
at Standing Rock agency the Sioux held
pony dance. rode into the quarters of the
military commander and trampled the tents
and blankets under their horses feet. as if
to provoke collision.
Sale Of the Northern Pacific Railroad.
The Northern Pacific railroad, with all
franchises. was sold by order of court, and
was bid in as entirety by the purchasing
committee, consisting of Livingston, Bill :
ings, Stark, Moorhead, Hutchinson and
Dennison, representing the general body of
bondholders, who have or may hereafter as
sent. There was no competition, conse.
quentiy the price was nominal. This sale
property to the bondholdere. who, upon
surrender of their bonds, will receive stock
in the reorganized company.
Duncan. Sherman & Go.
The Tribune tays the discovery tas been
ma de tba. a large amount of the indebted
ness of Duncan, Sherman & Co. held in
this city is Accommodation paper" in the
form Of drafts drawn on them by conf
Dental clerk in their office. accepted by
them. and sold to various banks through
note brokers.
Announcement is ;.'eo made that the let
ters Of credit for which the father Of Mr..
Duncan has become responsible amount
only to about 10000. Mr.. Duncan claims
the transactions were legitimate, while
prominent b. okers FAY they are irregular.
member Of the drm of Duncan, Sher-
man & Co.. regarding the statement in the
Tribune. said the bills of accommodation
were placed by the firm in aper1ectly legit-
innate manner and according to the prac-
tice prevailing to-day with houses Of good
and extensive credit. The amount of &C.
ceptances issued was about 81, 200 900, of
which $3.50. 900 is held in Rhode Island and
q considerable part OF the balance in other
parts Of the country. Regarding the let
ters Of credit for which Alexander Duncan
is responsible, he stated that the aggregate
amount of this form of indebtedness of the
firm was about $l30,0O0. for which Alexan-
der Duncan had deposited $2O0,000.
Specie.
Specie shipments to-day nearly $500 900.
Western Union Affairs.
President Orton, Of the Western Union
Telegraph Company. in letter to an after
noon paper saye: The Western Union
Company can use to advantage and may
absolutely require, within the next year,
lO,UJV ulich O1 RUUtClO0aI wires. IL tl6Ho
additional facilities can be acquired of
companies now using them in competition
with us cheaper than we can erect them,
clearly it would be for our interests to buy
out such companies rather than to erect
new wires. But we have made no PROPOSE
tion for the purchase Of any competing
lines, and no proposition has been made us
that would be for the interest OF the West.
'ern Union to accept"
Mr.. Crton also refutes an allegation to
the effect that ne had entered into con.
sbiracy or an arrangement or was party
to an understanding with Jay Gould look.
ing to the turning out Of certain OF the
present associates in the Western Union
board at the annual election in October
and the substitution of Gould and his
friends.
At the meeting OF the executive commit
tee OF the Western Union Telegraph direc-
tors yesterday. committee consisting OF
f. D. Morgan and Messrs.
Harrison Durkee and Frank Work, was ap-
pointed to confer with representatives Of
the Atlantic and Pacific telegraph in re.
gard to c0nsolidati of interests.
Effects of the Storm.
The loss caused by the storm in New
Jersey to-day has been very heavy. In !
Orange county the damage is estimated at
100000. and IA Passaic county at $4,000.