The sun. [volume] (New York [N.Y.]) 1833-1916, 1875-10-01

| ore glad 70 learn that there ~ no ruin IN Tue
rumor that this raising ~ rates is the result of
any agreement between the two companies.
| II Is possible that the Direct Company may take
advantage Of the bunder OF the Anglo-Ameri-
can Company to put their tarin at the figure
they originally Intended leaving the night rates
only at twenty Ave cents word aud the day
rates at fifty cents. The public would not
grudgc them this modification, but they would
most decidedly resent any working arrangement
between the two companies which would place
rates at the figure to which the Anglo American
Company has suddenly rcbounded.
Most OF the morning journals of yester-
day contained an advertisement Of a report
made by the vioe-Presidont of the Pacific Mail
Steamship Company to tie directors, at a meet
ing held on the 10Th inst. rhe report, which
bears date Sept. n, Pretend. 90 show that the
liabilities ~ the company have been reduced
since March l. 1875, bv the sum OF S1457 ,23i
This IA evidently untrue. In fact, the pre-ent
liabilities are ne rly sGO1O01 I'm excess OF the ,um
given In the sOcallcd report as the Indebtedness
OF VI arch !, 1875. The rcpIr has the following:
Total indebtedness March 1873, exclusive Of Panama
roam ana inrluding the current payment accruiu9
steamer. ......tliii,5Ol IS p"
II Will be noted that the foregoing quotation
includes the payments to become due the
three new iron steamers under contract, to wit
the steamers city Of san Francisco, CITY Of New
York aud CITY Of sydney. The nrst " these
hIs been completed and delivered to the com
pany, subject to a mortgage Or about ts5,0O !,
aud the remaining two will be finished and
ready for delivery between this and Novem-
Der !. II will also be noted that from this
alleged Indebtedness Of March no deduction II
made for cash assets, and vet these are deduc ted
from the uratenual indphteduaaa of
which lie set down as $JO5,5oO, exclusive Of the
loan Of $4,000 from the Panama Company.
Now the truth is that the present Indebtedness
OF the company will rather exceed the amounts
below given, to wit
Bls payable ... Observation-Disclosures. $4,000
Due connecting Inc. ineiuiine trinIc account
with Panama karuad ....................... 100000
oyetdraf.s At bank Observation-Disclosures. 45,07V
steamer Clty Of san francisco ..... 49,. 10000
New Yors and civ Of sydney .............e 7ooOo
city taxes Tor 1874 ami ~ abJut........ 2p1OOO
Total exclusive Of Panama loan. ....... tsoJs.6ie
Add To- this the sum realized from the sale Of
at siooSo6o' ..'''4...,.,....' 10000
Aud We have stot,i Of .,.....,....... ,eiSs,oao
March /, cAeIusiSe Of loan from Panama Co. ii7i7oi
Actual decrease OF conpauys property .. 81 ola,97s
less or plus the differences between the cash
assets 81 March and those Of Sept. 81.
1t Is not pretended that our figures, having
been obtained from various sources, are exactly
correct. except for sums due TO directors and
overdrafts. II l. more probable that for the
various other liabilities they are too small In
fact the error II any is on that side.
his appears to be cooked statement origi-
mating with JAY GOULD. IL should be utterly
distrusted.
The prosecutions instituted against Gen.
MCDONALD and Col JOYCE, the ex-ofioers Of
the revenue accused 81 completely In IA extcn-
sive " hi-key frauds which have beeu unead hed
IN ST. Louis. continue TO hang Gre. a. everybody
.cquaintcd with the facts supposed tuey would
All the cases have been continued to the ANU
ary term ofthe United states court MCDONALD
Ia special friend Of President GRANT aud
though II has long ueen matter OF uOtOriety
that be WIS supposed to be In collision with
the dlstilief- in deflauding the revenue, that did
not appear to iujIrc him al an in the estimation
Of the President. who rode out with hini. and
Ia othor ways afforded him public recognition.
even when it wa. uude stood that the officers
of the Treasury, w1rilng uu Ter the direction Of
Secretary liRisrow. had fairly nstted him. Hut
GRANTS personal attachment for this man is
not the only reason to be taken into oonstdcra-
ton In accounting for the failure TO press the
prosecution against him with vlgOr. Ii Is known
that the -. Louis frauds were began under in
structions from Washington In order to raise a
corruption fund t. be used In promoting the
election Of GRANT for second term and a
thorough leg 4 Investigation N this time u the
cases which have been brought before the
courts. would result Ia developments that might
have an importnnf effect up,n the fill elections
CludOr oblige, Us 10 record tue fact that
the failure which the friends OF Mr.. On >RI.Es
FRANCIS ADAMS lave met with In their effort TO
force him As a candidate for Govern n upon the
Republican party VI Mass ichusetts, does not
augur success IN the expected effort to force
MIN as Candidate for President In 1876 up the
Republican plrty OF the United states.
The recent celebration at Florence of the
| fourth centenary Of the birth of MICHAEL AN.
| GELo BUoNARO and the previous celebration
in honor Of other ilustrlous Italians, remind US
| OF the large numt or Of world renowned men Of
genius In the realms OF art, science, literature,
and exploration To whom Italy formerly gave
birth. few years ago the sixth centenary OF the
birth OF DANTE ALlGHIERI the great poetic
star OF the Middle Ages. was celebrated by the
| ltelians; but It was two centuries after the
| times II DANTE, CINABUH, ana GIoTro that
| Italy saw the most glorious period Of her his
| tory. What an Intellectual galaxy she had
| Poets, like ARIosrO and TAssO musicians, like
PALESTRINA; artists. like RAPHAEL, CORRRo-
| CO. TITAN, MICHAEL ANGELO, Leonard DA
NiNCI, BENVENUTo CEIIINI. ANDREA DBL SAR-
| 10, MAsAcCIo, and Fra BARroLoMNEo; archi-
| tects, like BRAMANTE and PALLADIo; scien-
| tlhc men, like GALIIIO; rcfOrmers like SA-
voNAnoLA; politicians ami historians like
MACHIANELLt GUICCARDINI, aud PAOII SARPI
| explorers, like CHRISTOPHER COLUMNS ana
| AMEniCvs NFsPrClUs. These are but n few OF