, 1877-09-22
GrHs darnfnM
sIt,rA tsn 4


I'll snet tan - e.7o1, 900 h,6is,oao s.7Io Too
r+!ss of .osk.ia
ssii'is Ell io.tsy ,S1s rsis! 1sa,t
t;uumDn suck... ~ 7sx ~.
Prices Of s.ocka arc generally supposed 10 harr
bccn too high In September, 18th bot Milwaukee,
st. Paul fs now selling Al tho same figure,
although tho bonded debt has hecp Increased
&c. 600, 600, requiring addition Of $500 900 10
tho annual Interest aceonn&, and although tho
earnings OF l, 400 miles In tho second, week Of ts
Gcptcnlbcr ntc only 81. 3R0 greater th1n those Of
1,.H3 miles In lS71.
HAlLN0AD CORPORATION MANAGEMENT,
The abuses Of railroad corporation management
In this country arc frtghtful, and have destroyed
public confidence in railway securities 10 such an
extent that Wall street Ia almost empty Of outside
saPital SONG very good snrgcst!ous for The bat
Fmsnt Of ths slate Of affairs arc made In the Lon.
Ion World. which qaotca them from letter writ.
Ion bJ Aprohinsni American In Now York, Ills n1a,
that al1 comukntcs owned doing business In thts
lily should adopt the p'nn rractictd In England.
'o-w!'; hold half+yrar1Y meetings Of lbs stock
aolier1 ard ownerr, III thu Guy Of Asp Iork, At
Fhlch fnl and detailed statements u all their at.
salts In every respect should 10 discussed; such
statements to be printed and furni.hcd to each
shnraL0ldcr fortnight ln ADVANCE of The meeting
These statements should be verified by partlrs out.
siac ~ The corporation, Ut public nnt wrl-rst~,-
iis''e1 nbillty and honesty; tn otllee wc<ds, by
aonlc prEs"ns alllng iao oAco Of your Aad,tora In
England. Tho persons to whom AAso spoken all
raid that llcy would bo vcr~ much pleased 10 sto
lhis plan adopted. or ~ plan that would bring
about Thu desired r~~'i-' :,
A sAy1sOs p,,k FAILURE UNDER trA1r ~
INJECTION,
Tkn- acts with regard 10 tho failure Of lho Clair.
Wit Savings Hank Of New York xhow uow t,,lto
Protection Is 10 hc obEainel from State laws or sn
7eFSai"n. Tho law uf tho Ssate Ut New YorL
naka1 It mlSdctno1Hof for lhe taanAccra Of q snv
i'' bank to lend Inocy IN :" notta, bil.s Of CT.
:''4n*c. drafts, or any other prt.onat ercurtty
AhalcscF. Superintendent of tsunxjnr Ia MAIN
aHed with expensive DTlccs aud naeslants !. !, ~
tn'snu savings banka aud acc That lhey ubev r4,c
A"s And preserve thur trust. Notwllh,tnn,l,nv
'i' thrrc ostrnslble precautions INC claIrmnnt
saHk ,1asla IL the m9st DISASTROUS mauner and
htet having been nj lcsst taeu,y IN,
hr'cd by Tie State Superintendent a. xafr. II.
:anh drawer ls found emri,ed Of gtcenbaeks and
''Er' wIsl ofcr!ns notes. unpa,l ls al exchange.
Nolcstcu paper. returned Cheeks, Memorandum.
.eRctH for borrowed money and a,mj)ar trash. ]
y" bunk falusc IN illinois, which docs uot pretend
10 supervise The ssvInga banks, hss been NJ dtsas
!role ns thus fixture shd olhcrs IN New York. |
~'IoAo Taxpayers pay a heavy annual lax Tor lhs |
prevention OF tavlnss.bank fraud and mlsmapAse.
ncnt
SHORT INTEREST th STOCKS.
moderately large short tutereat In xtoek4 has
NJ" been turned III Wau slrcet, accurtlng 10 The
Journal of t'a'Hnerts. aud ths beur ,nerul.tors
a'o a'*!osed !" cover fathef tlau let the price 70
too heavily asaInst them.
60tn AND 0NEEHRAcks. "
Gold was l0!h "a l0Jh III xreeubacks.
dEccnbasks were 07HGtD7 cents on The aollsr
il ruIt, ~ |