davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1875-08-28
MUNICIPAL WRONGS.

ANOTHER INJUNCTION AGAINST JERSEY CITY
Just at the time when the people Of Jersey City
achieved a victory over a private corporation which
would throw open them Washington street. Of the
main outlets for tratnc injunction has been Issued
by Chancellor Runyon restraining the Mayor and Alder
men from proceeding with the work This injunction
was issued on the application OF the Morris Canal Com
pany and the Lchigh Valley Railroad Company and the
application sets forth that the city attempting to
private property for public use without compensation
The Morris Canal Company claims title 70 the lands un-
der water by Of grant made to that company by
tho legislature on the 3lst of December 1874 The Board
of Freeholders are restrained Jointly with the Mayor
and Board OF Aldermen The injunction was served on
Mavor Traphagcn yesterday. The legal representatives
OF The city will appear before the Chancellor the 9th
of Spntpnber
The New York herald., 1875-08-28
The Bankers Assisted by Gold
from Washington.
CAUSE OF THE COLLAPSE.
Effect Of the Failures
in the City.
Opinions Of Leading Bankers and
Prominent Brokers.

The excitement throughout the country and Also to
Some extent in Europe yesterday, consequent on the
announcement OF the failure of the Bank of Cali
fornia, very great. 1t quickly subsidized,
however, when time taken for reflection,
and 1t was that its effect would largo extent,
be local and confined within the limits of the cities of
Tho Pacific slope. II, however was the occasion
Of considerable discussion and was the prevailing
topic of the day all financial and mercantile circles
Late in the evening melancholy shadow was thrown
npon this great financial collapse by the start
ling story, that reached this city by tele-
graph, that Mr. Raston, the President
Of the Bank of California, had committed
suicide This appalling intelligence Immediately
put aside all monetary considerations, and the
story OF the career of tho great fnancier
that had come to tragic end on every tongue
This speedily gave way specuatons the effect
this suicide would have on the settlement of the
banks affairs and it was seen at once that a new
and entirely unexpected complication had arisen that
would demand immediate consideration.
Below will be found particulars of the suicide and
sketch OF Mr. Ralston's career.
The New York herald., 1875-08-28
SUICIDE OF PRESIDENT RALsToN.

SAN FRANCISCO, Cal, August 27, 1875
About ten minutes past fve O'Clock this afternoon
close carriage drove rapidly to the side door of the
Bank of California, when gentleman jumped out in
nate of excitement and ran into the bank.
In response to inquiries the driver of the carriage
nd he had just left the drowned body of the President
'f the bank, Mr. Ralson, in charge of officer the
peach near the smelling works in the north part of the
city, Mr. Raston rode to Selby's smelling works
wharf and deliberately jumped of the dock.
DETAILS OF THE SUICIDE
From the best information 1t appears that he went TO
bathing establishment the north beach at about
twenty five minutes past three p. NJ, undressed
went into the water, swan about 200 yards
and disappeared behind a vessel Soon after
his body was discovered floating by tho seby Lead
Works and was brought ashore still alive. A physician
summoned but all efforts to rcsusctate him failed,
md he died at halfpast four T. NJ.
Colonel Fry, his father-in- law; Mayor Otis and a
number of prominent citizens arrived before he ex-
pred Colonel Fry and Captain Lees went
10 the bathing house and obtained Mr. Raj
stons clothes, in which were found a few
dollars and his statement the bank but nothing hav-
Ing any tendency to show that he committed suicide.
His body conveyed to No. 1S12 Jackson
Itrcet, the residence OF Colonel Fry. A boy
named Festus Mazzclc states that he saw Mr. Raj
ston before he reached the house; saw him sit on
the clay bank the smelling works; saw
him tear up several papers and throw the
scraps into the water Search made for the pieces
but none could be found 1t is also reported that he
was to drink the contents Of vial before going
into the water The general impression that he took
poison before entering the water
The New York herald., 1875-08-28
SKETCH OF MR.. RALsToN.

Mr.. Ralston the President of the Bank of Cali
Iorna and he received tho liberal salary of $50 per
rear for his services He early connected with the
passenger traffic between New York and San Francisco
md subsequently was member Of the banking house
h Donahoc, Raston & Co. He was one of the Com
mittee of Public Safety which prevented the Southern
srs from carrying California of tho Union and he
md his partner headed the Sanitary Commission sub
scrption with $4,000 each. He made money by his
pluck in the Washoe excitement and was among the
first to start the Bank of California d. O. Mills bccon.
Ing President and Mr. Ralston the ruling spirit As
cashier he received salary Of $40 900 year. and on
lhe retirement of Mr. Mills he became the President As
operator he noted for the bodnoss and brancy
of his achievements. He advanced money largely to
complete tho Central Pacific Railroad, and more than
he made bold dash clearing his thousands the
result of his spirit and foresight
Under his energetic sagacious and spirited manage
mcnt the Bank of California throve and within about
twenty four months the accumulated earnings of the
bank amounted to about City per cent OF the capital
II then decided issue stock to those entitled for
This and to open books of subscription for
stock to the capital TO $5,OOO,O ,OoO gold, then
equivalent to $4,000, 900 currency.
Everything worked well; a cash capital OF S. 900, 900
gold was paid up, and the bank continued to do bust
ness on an equality with most of the banking nsttu
ions of the country. But the crash came The bank
was concerned in great variety OF industrial enter
pres in California and tho adjacent States, the results
Of which well known.
In ways tho policy Of the bank was one
pf encouragement to the young industries Of the State
With an astonishing command of the details Of business
Mr. W. G. Ralston, the manager took an interest
In every scheme that promised to aid the commercial
prosperity OF the Pacific coast and yield fair return
pn investment The system Of spreading out" does
not seem to have affected the credit of the bank On
Mo contrary up to quite recent period the
Bank Of California was considered in that region
us stable the Bank Of Enga. a. Among the re-
;ent investments Of Raston the Palace Hotel
building San Francisco enormous structure said to
be the largest hotel in the world This caravansary to
cost about 81 900 when finished to DO ready for
guests on the 1s Of october next Mr.. William Sharon
The New York herald., 1875-08-28
WRIGHT WRITES A CARD.

GENEVA, ~ r., August 27, 1875
The despatch from Albany relating alleged cana
frauds published in this mornings papers, and wlch
attacks the official character of the Canal Comms-
sioncr, Wright has elected from that gentlt mau
card which will appear in the Geneva Gazette OF to-day
concluding with the following points,
First--He not Canal Commissioner when the
Voorhees, claim was considered or the award made.
Secoad-FOurteen instead of six acres OF Voorhees,
land were finally taken by the State and
Third--Tho original claim of ST. 400 did not embrace
the additional eight acres Of land any portion OF
the So 600 paid for according TO law nor ST.
for timber burned nor various sums for Ecnces de-
stroyed and general damage
The New York herald., 1875-08-28
FOUND DROWNED.

Yesterday afternoon 0nicer Jones, Of the Eleventh
prccinct found the body of unknown 1oating in
the East River at the foot of Seventh street, and re-
moved IL to the Morgue to await identification. He is
described being about 1--we feet inches in height
having black hair and side whiskerS He was attred N
alpaca coat dark pantaloons, white shirt ana draw
ers and elastic CATERS.
An unknown man. apparently about forty years OF
age fell overheard at the foot Of West Eleventh streat
yesterday afternoon and was drowned The body waa
recovered and sent 10 the Morgua
The New York herald., 1875-08-28
TRANSFERS OF GOLD FROM WASHINGTON

WASHINGTON, August 81 1875
Heavy transfers Of gold California making by
the Treasury to-day to support the banks of that
tion.
Upon official notification being received at the depart
ment that the agents OF the banks have deposited gold
with the Assistant Treasurer at New York. elegraphc
instructions sent to the Assistant Treasurer San
Francisco placing credits to the respective banks max
ing such deposits in New York.
Thus far than million dollars have been trans
ferred
The New York herald., 1875-08-28
THE BALTIMORE FAILURE.
EXCITEMENT OVER THE COLLAPSE OF THE GREAT
SUGAR REFINING FIRM OF STIRLING, AHRENs
co.-THE LIABILITIES NOT YET AscER-
TANNED


tanned.
BALTIMORE, August %, 1875.
The excitement consequent upon the failure of Stir
ling Ahrens & Co has known abatement to-day.
There has been nothing like it in commercial circles
since the financial disasters OF two years ago. The
feeling has been much intensified by the announcement
this morning that the Calvert Sugar Refining Com
pany, of which the firm the agent, would
be compelled to suspend. Stirling Ahrens & Co.
Is an old established business house. and has always
been regarded by much the greater portion Of tho
munity OF the strongest firms in the city, a. 1t
was by all odds the largest and most important In n
commercial point of view. Hence yesterday, the
nouncement Of their difficulties received by every
body with the utmost surprise and expressions OF sym
pathy universal, the so that in their own
statement they claimed that, with proper conditions
from their creditors they would able to meet their
liabilities, dollar for dollar To-day the morning
wore and the leading merchants began to compare
notes the business public and the community generally
is usual in such cases, changed somewhat its tone
1t leaked out by degrees from made by those
best informed that Stirling Ahrens & Co.
NEVER HAD BEEN A STRONG FIRM
their being totally inadequate to the business
they conducted. They were for long interval at the
head of the sugar trade Of Baltimore or two sugar
rehneres ana four moasses renneries they controlled
owners agents and lessces sugar and three OF
the moasses reGneries beng arge stockholders and
agents Of the former and owners Of two OF the latter
and lessees Of the third In addition to this nocessa
ry large business they by far the heaviest i'm
porers Of sugar and moasses in its raw state in this
city. They were also extensively engaged in
the importation of coffee and were export
Of the products Of this country to
the parts Of the world whence tho com.
The New York herald., 1875-08-28
A RAILWAY BRIDGE FALLS IN.

Tho bridge Remson's lane, on the Long Island
Railroad mile west Of the village Of Hyde Park
foil in yesterday evening, just after the 1--WE o'clock
Northport train bound east had passed over it, The
mail from Grecnport was obliged transfer the
passengers ut the break causing detention OF four
houra No person was IN ured.
The New York herald., 1875-08-28
THE FEELING IN CHICAGO.

CHICAGO ILL.,, August %, 1876.
The opnon.of bankers in this city IS that the failure
Of the Bank Of California will produce little If any,
effect in Chicago.
The New York herald., 1875-08-28
FAILURE IN THE SHOE TRADE.

MONTREAL, August q, 1875.
Edmund Auget h Co., of the Dominion Boot and
Shoe Company, have made assignment The habili-
ties are S15, ,OO0
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-04-14

s ssisS 1 Sons brewery on "'''''' ''''' ~
The old Corrican property ON Aarket-st., near
Broad it, in which Bishop Corgan born s being tom
dow TO for building i@ buaOess purposes
The nominations Of candidates to be voted for in
October 10 oil the Of the Grand Lodge Of Fellows
being made by subordinate lodges Several Of the
sentative 10 the National Grand Lodge
The new Board Of Excise Commissioners held a
meeting Last evening and license foe for the so Of
ale and beer q. $685. and M suoa. qno; and vine az 900
penalty Of ESQ 1ne for each violation OF the NV.
LONG ISLAND.
I,oSG Island ClrY-C. Graham and John Admit,
the aders Of gang Of young thieves In Hunters Point
yesterday by Judge Pearce Of the City Cour TO the
House Refuge until such time their conduct viii warrant
their discharge jacob stemer and julius Smith were In
dced assault hoard Of state Assessors
win in & city on es1y a P sy from 70 sSe Of
annual Session n ne sauan"on tie
various towns Of that county.
STATEN ISLAND.
SrAPLrToN. The Staten Island Railway Company
have purchased from william Staples water front Of 80
feet immediately adjoining the new opposition
at side Of the DOCK the price paid being
81 understood that they propose building slip
pany lose the use Of both sides Of excepting the
: 'fay ' iGa s I
to In The X Martin r %5S aSpsi ss Ist me
s"sins ffss o ~
Vanderbilt, A. J. Oekenschsusen. J. W. Mcrcrrean, r.
liam King Joseph BIiton Winap Nathaniel Marsh,
Charles Carrancllo. and James McNamec.
NEw-JERsEY.
EAST ORASGE.-The regular scini-annual meeting
Of the Presbytey end held yesterday at
the Presbyterian Church. The Rev. j. Williams Coch
ranc meeting order An election OF officers for the
ensuing resulted follows Moderator, the Rev
Crane of Morrstown Secretaries Duyea Stevenson
Of oistawD the David t. Platter OF Rockaway Franz
r. Arthur Johnson examined for admission 70
Prcsbyer Tie Chairman announced me following Com
Tev Joseph n Beach; Narrative 10 Synod. the Rev. j. r.
Brewster and Elder J. l.. Condit.
WEST HonoKEy.1he residence Of Prof j. J. Esysion' .,
Ioboken st., entered By burglars fn
yesterday morning but they were ilghrnn a~
anything value secured Twelve
occurred in the during the past ten days and u
cvcd the deproaii0ns committed by an orgah@u
band Of thieves.
FIHABETI.-Ibe City Council Monday night elected n
F. Fairbank Police Justice the spelling matth on
Monday T. Fabens carried on the hrst Prize
second Judge Van Syc has Oeen
appointed ~ Circuit which includes this city but Judge
Dapue viii not retire until July l..
UyoSTowN Yesterday morning accident happened
the Msone freight the Pennsy lvana Railroad rea
this place. The accden: caused by car jumping Wy
after hours the track was clear NO lives were os
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-04-14
TIE PROMOTION OF RAID TRANSIT

A meeting of the subscribers to the New
York Rapid Transit Association held yesterday after
noon at No. 162 Broadway, Nathaniel T. Bailey being
elected Chairnan and MI CiIahahn, Secretary The
Nominating Committee submitted their report as fol
lows:
The Nominating Committee beg leave to report that,
under considerable pressure, they induced to pre-
,spt At the list meeting imperfect list for directors Of
This merely Indication OF the class OF
names which would De their desire to nominate Upon
further they have finally agreed upon the
following gentlemen, whom they recommend as candi-
dates for directors:
Horace B Claim John D. C0rnCn. John H. Cfecver George
W. Carleton John H. sherwood, Philip Van VStenbuIS WIN
H. Lee Christopher MeTs. AgDzs cornell Jtir.H, ". ~
ssorgc Bizse tcYls G. Morris Ethnr, A. silIIh Low
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-04-14
PROMINENT ARRIVALS.

Tinh Arenue Hotet-SenatOr William Window of
MINNESOTA, the Hon. Thomx H. Nelson, formerly Y. $;
Rochester Assenbynan Charles Trcnain Of Syracuse and
Judge s. T. Hoge OF South Carolina Gtlsep Housesir A. r.
Ho''see-R B. Angus Manager Of NE Bank Of Montreal
Canada Capt r. F. Ward of Governor raj
Duleru's stat. Holman HossJ H. dc HegermanItLinder
crOue Danish Charge AfaeS at WashingtO
Hoh-Gen j. II. Anderson of Virginia Neso Ysrk Hotel
Theodore Randolph Of NewJers3y ST. Nicholas
Hinekey Presidento the Philadelphia Whining
ton and Baltimore Railway Company.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-04-14

j. Philips Aaron Raymond. James NJ Drake James Reuy'
Nathaniel r. Bailey. =. -.
On motion the names Of ". H. Morrill,, H. H. Ssm-
mann, Chsros H. Roosevelt and d. L. Alderman were
added TO the list The Of John Haren was proposen
10 an any vacancy which might occur
Tue nominations were accepted, and the election will be
held at u future meeting.
The Committee which visited Albany to the nee
essary Legislation reported favorable progress
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-04-14
ROME NE VS..

THERMOMETER, YESTERDAY, AT HUDNUT's,
BROADWAY.
eam.-3io. Noon-Sj0. 8 p. m.-34o Midnight-31o
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-04-14

LANPLOUGH's PYRETIC SALINE is the cure 70
fevers bousness small pox, skin diseases and oths
anIenta. sold by Chemists throngOu
tie world and Maker ll3 HolborD, LONDON, Bingham.
Use substitute.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-04-14

HEALTH LIFT, 1870 Fifth-ave., between
Twenty. and Twenty hirdsts-Eleaa rooms best
care Refers to Cyrus w. Yield etc.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-04-14

POMFROY's Patent Rupture Belts and Ban.
Trusses IA broadway. n. y. BY far the best in
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-04-14

As the Liver ia easily disOrdercd, and a great
deal of bilious distress apt 10 prey during Spring. DE
Of seasonable efficacy they re
store healthy action, all biOusness
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-04-14

Leading STYLES in Gardeners HATS.
DAyENroET, 90 Nassau RI, Bennett Building.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-04-14

DAY, APRIL Ia, 1o75.-IKlrLf
Representative
NETWORK HOUSES
VARIOUS BRANCHES OF TRADE.
o"' va j. SLOANE.
$40 TO $50 BROADWAY.
ART FURNirrRB AND DECORATIONS,
HERTER BROTHERS,
s77 BROADWAY.
CARRIAGES AND Road WAGONS.
BREWSTER s. co. OF BROOME-ST.
| 5TH,AvE. AND l4THsT.
ART.WORKERs IN SILVER,
TIFFANY e. Co.,
BROOKS BROTHERS.
BROADWAY AND BoNDsT.
SCALES crHe Standard.
| FAIRBANKS & Co.
| 81 BROADWAY.
UPHOLSTERY GOODS. LACE CURTAINS,
NICOL, COWLISHAW & Co.,
| TAD BROADWAY.
SrEINWAY G. SONS
srEINwAY HALL, FoURTEENTHsT.
sRwING.aIACnINR..
| WHEELER & WILSON MANUFACTURING CO..
| A FOURTEENTHSE
BARBOUR BROTHERS,
| 1874 CHURCH-sT.
REAL BRONZEs.
HENRY T. COX & Co.,
| 694 AND 500 BROADWAY.
GUNS AND MILITARY GOODS.
SCHUYLER. HARTLEY & GRAHAM
| 10 AIDEN.LANE.
THE MERCANTILE AGENCY ies Brapchesl.
DUN, BARLOW s. Go CO. s,oApwAy.
HERRING & Co.'S, npo.nwAy
EUROPEAN STEAMSHIPS.
WHITE STAR LINE BALTIC SAILS On
q SATURDAY, APRIL III,
sII.vER-PLATED WARE.
MERIDEN BRITANNIA Co.,
| $50 BROADWAY.
TRUNKS AND TRAVELLING BAGS.
CROUCH Il FITZGERALD.
| 500 BROADWAY.
| AND BROADWAY CORNER MAIDEN-LANE
PAINTINGS AND ENGRAvINis.
NJ. KNOEDLER & Co.
| (suocessors to GOupip y, r,r.rv.vr
PORTRAITS. -, ,,,,n,r,
! TWESrY.THRDsr AND MAplsoSsoCAaE
ARMY, NAVY. THEATRICAL. AND CHURCH
| GOODS,
HORsTMANN BROS. & ALLEN.
7BoND.sT
nORsE.TIxERs.
w. J. MAGNIN. GUEDIN s. Co.,
$50 BROADWAY
CABINET AND PARLOR ORGANS,
MASON e. HAMIlN ORGAN Co..
- UNIoNsauARE
GRNTLBMEN's FURNISHING GOODS,
UNION ADAMS Il Co.
9i3 BROADWAY
GAS FIXTURES.
MITCHELL, VANCE & Co..
Boz BROADWAY.
HARDWOOD LUMBER AND vENEEKs,
GEO. w. READ & Co.
1856 TO 200 LEwIssT.
FOOT OF FIFTH.Sr, EAST RIVER
mARR,EIzED SLATE, MARBLB AND WOOD
T.B. STEWART & Co..
22o AND 229 WEST 23DsT
SCHUYLER, HARTLEY & GRAHAM
10 MAIDESLANE
MERIDEN CUTLERY Co.,
40 cuAMBERssT
DAVIS COLLAMORE & Co..
| 747 BROADWAY
MUSICAL BOXES.
| NJ PAILLARD & Co.
! $50 BROADWAY.
AMERICAN AND FOREIGN MUSIC,
G. SCHIRMER,
| 7ol BROADWAY
CnENEY,s AMERICAN slLKs,
JAMES MCCREERY & Co..
| BROADWAY AND ELEvENTH-sT.
In DUNLAP & Co.
| ia FIY'rH.AyR AND $50 BROADWAY
BILLIARD TABLES.
H. w. COLLENDER.
BAXTER srEAM ENGINE.
| w. ID. RUSSELL
Is PARK.PLACE
sOOk.BINExsRs.
| Dime Bindings Speciality
| L. ". SMITH a. Co.
80 MARIoN.sT
KITCHEN FURNITURE AND REFkIGEHATOHs'
LEWIS & CONGER.
| COL sIXTIAVE. AND 1906 DROADWAY.
PATENT WIRE SIGNS.
| SIGN AND STORE PAINTING,
UPHAM & Co., ,oo ,o.
WHOLESALE DEALERS ONLY.
| AMERICAN Silks,
CHENEY BROTHERS.
| AT BRoOMEs'r.
FINE PERFUMERY AND TOILET SOAPS,
| COLGATE IL Co..
30 AND So JoHNsT
| PURE WHITE LEAD tATLANTIC).
ROBERT COLGATE & Co.
| COR PEARL AND BEEKMAN.STs
AMERICAN WATCH CO..
| WALTHAM WATCHES,
| .vpRIC,N CLOCK co.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-04-14
fAnnOuneementa]
BURYErT's FLAvORING EXTRACTs.-The best.

DIR. LYONS TOOTH TABLETS.
A valuable toiEt luxury.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-04-14
WHOLESALE DEALERS ONLY.

AMERICAN sILKs,
CHENEY BROTHERS.
AT BROOMEs'r.
FINE PERFUMERY AND TOILET SOAPS,
COLGATE IL Co.,
% AND So JoHNsT
PURE WHITE LEAD tATLANTIC).
ROBERT COLGATE & Co.,
COR PEARL AND BEEKMANSTS
AMERICAN WATCH CO..
WALTHAM WATCHES,
AMERICAN CLOCK CO..
STANDARD AMERICAN CLOCKS.
1Sl BROADWAY.
GOODYEAR RUBBER CO..
MANUFACTURERS OF RUBBER GOODS OF
EVERY DESCRIPTION.
365 AND 3G7 BROADWAY
STEEL PENS,
JOSEPH elliott & SONS.
81 JOHN.sr
DIAMONDS,
RANDEL, BARRYMORE & Co.,
~ HAIDENLAEE AND So NAsSAU-ST.
AGRICULTURAL IMPLEMENTS,
X. IL. ALLEN & Co.,
ls9 AND 1911 wATHRsT
FLOR MERCHANTS.
LANG Il ROBINSON.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-04-14
LOCAL MISCELLANY.
rxcrssrvE TERMINAL CHARGES.


IMPORTANT MEETING OF THE CHEAP TRANsPoKiA'i"N
AssocIATIoN-A PETITION TO BREAK UP 11iR AL
LEGGED RING IN TIE PRODUCE ENChANVE-
spprrUrs by SUPERINTENDENT LEES AND
NrssRs. rRuRBER, KRMP, BARER, AND fRilsiVN.
The Board of Managers Of the Cheap Trans
ycrtat,op Association met yesterday ut their rooms J"
HsuoyersqMa,c b. Z. Baker presiding Mr. Lees, 'ne
Superintendent Of the Association, presented the rono"
ing pton which had been signed by large number OF
merchants In this city:
10 the Board OF Managers of the NeS-1"" o"eof i'
poff0tioa Association. ~ A., g.. +hot the
81 The f sae products the
board has % controlling influence over Ine n nan
afaetsrcrs Of NcwYork City, would respectfully eau
your to certain commercial seSs @ have
learned to believe operate to the detment OF the enis
business community, excepting IN .ne ln',oa ,d !" To
We are informed, and believe it to be true,
,nnt nSs hsre r"m the West for export 2
cents (norc than double what they Nero p,, anu
th ,cs Sncd Ring" COMPOSED Of limited Of
Influential members Of the Produce Exchange pS -
elevators at the ternini Of railroads and Who by
various articles and prete,s are ssesns sS PpsSs
grain recently approved by large majority u the e'n
6r Of said Produce mxehnnSe that ,or wears mas, has
been in Chicago has un9uesonaoE beea h 0s
talaslT b develop their growth In the absence Of an
general business has suffered ,,-o
do not denr at the rosity OF other cities but we
do dcmur the loss 10 our commerce consequent ulnn
the sesh and arbitrary policy OF few members OF one OF
,r principal cial organizations, VINO, % We p"
heye serve their personal Interests seek TO perPe
q sysem Of handling grain INADEQUATE 10 the Nus
and 10 maintain scale Of terminal charges WmSh ~
Isiut Of general interest IL suicidal We are Oh ING
cpiniou that with yating warehouses az the tr o
our railroads. a proper system OF grading ahd itao,l
nhe terminal charges the products ot the West woiu
Very largely he shipped direct TO this city, avoiding IN
necessiry charges by the warehouse rings o both en-
caso and Buffalo In Of the growing preference tcG
rail transportation and its prospective chcses INC
onrstiou of direct shipment becomes exceedingly M,
porant aud believe t. Of Vital interest to the general
business welfare OF this city. . -
we would therefore respectfully reQuest that yon con
slider the herein FORTH and following the eX-
anple Of his Excecncy, the Governor IN exposing Inc
"fnal Ring" of this State, place the responsibility Tor
fhe present condition OF affairs here it belongs au Lake
each steps ~ your opinion will most speedily aud
tnertualy remedy the grievances referred to.
Nte- York April 1875.
After some discussion the petition was accepted and
referred to a Committee consisting OF hosss Baker
watrous Floyd, Colby aud Preston who viii consider H.
and eoperate with the legislative Committee on Telm
nal Charges and report at a future neetiny
Ninety three new members were elected, the LIST III
ciudtng many prominent firms.