The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1877-04-04

Nell" hired the Office in the basement for
"business purposes, and their sign painted
on the apex of the wall, where it may be
seen to this day. Before the lapse of a
month, "Newcomb 81 McNeil' bored up
through the bank floor and cracked
the safe, carrying off, as it was said
| 100000. 1t has since been claimed
that the robbery was greatly exaggerated
| by the directors to cover their own faults.
The latter, as the stockholders believe, con-
sist in loans made on alleged "securiiies'
of no real value. This could be done in a
very easy manner. One director could Of
fer one security, and another could off9r
one of n different name, and loans could
thus be mutually afforded. | do not say
that this was done, bat | cannot sec how
any body of men in their senses would ad-
vance such enormous sums on the trash
which was recently sold at auction under
the name of 'assets." The bank structure
was sold at auction for $40 600, much less
than cost, the buyer being Amos r. Emo,
already well known as large holder Of
real estate. Thus went down an institution
which started with a capital of 5000, 900,
which with proper management would have
been source of wealth to its owners.
MORE CHANGES
Another heavy conveyance has just been
put on record, bearing the name Of Edward
Matthews, by which he conveys real es-
tate, to the value of half million, to the
Charter Oak insurance company. Matthews
in this manner simply avoids the necessity
of mortgage sale. Few men have handled
more real estate than he at 50 great loss
Ten years ago he was q much envied land
lord, who was estimated at million; now
he is bankrupt. The reason of this was
that he became a speculatOr. Had he like
"Uncle Peter" held no more than was paid
for, he might still have been in safe con-
dition. His property, however, was all
mortgaged, and the shrinkage wiped out
the entire surplus. There are hundreds of
smaller operators in real estate in a similar
condition. The highest point in real estate
was reached in 1867, and the reaction was
so imperceptible that it was q year before
the decline was felt. Since then, however,
many dreadful experiences could be written
by real estate men, but it is to be hoped
that the worst is past.
LENT AND EASTER.
Holy week brings an increase of labors
among large portion of the clergy and
also an enlargement of choral services,
The theatres expect slHckened attendance
this week, but Easter will be followed by a
revival of dramatic shows, with all possible
attractions. The Easter ball at the Acad-
emy of Music will be one of the events of
the season. Tickets for adults SO, for
children, one-third that sum. Il is probs-
bic that this entertainment will be crowded,
for it is not only benefit to the poor, but
combines a two-fold character. From 7
o'clock till 10 o'clock it is to be the child
ren's carnival, after which the Easter ball
will be opened. The performances at the
carnival will be very amusing, and, indeed,
surprising Ten striking scenes will be
presented, one of which is Esmeralda,
drawn in n chariot by four goats in blazoned
dance the tarentua. To this will be added
the Chinese umbrella dance, in costume
also the Russian Cossack dence. with other
Bizarre advertisements. 1t is to be feared
that those who are in preparation for these
performances are not as strict in observa-
tion of holy week as they might be. This
will be the first time such q carnival has
ever been held in America, though com
mon thing in European capitals.
OTHER THINGS.
Easter Monday Virginius is to be per-
formed at Booths. This tragedy has not
been represented here in many years, and
will be new to modern audience. Knowles
Its author, was remarkable charac ter
He wrote play at 10, which he and his
companions performed. Ten years after
wards he went on the stage, but did not
meet the success he expected. In his thir-
ty-irst year he produced his tragedy of
"Caius Gracious" which was highly ap-
plauded, and soon afterward "Virginius"
was brought out at Drury Lane by Mac
ready, who took the leading part. This
gave Its author an immediate distinction,
which was increased by the "Hunchback,"
and also "The Rivals" all of which arc
now classics Of the drama. 1t is very re-
markable feature in Knowles's life that he
sfterward became Baptist preacher. In
this he seems to have followed the exam
Pile of Spencer II. Cone, who was at one
time popular player, but afterward re-
nounced the stage for the Baptist pulpit, in
which he did good service. He was tor 80
years leading preacher in this city. His
granddaughter, whose stage name is
"Kate Claxton," is a noted member of the
Union Square troupe, and to add to her no.
toriety she has at present divorce suit
Her husband, whose name is Lyon, IS a
Wall street broker, and is dissatisfied with
her conduct, and then having been unfor
tunate in his operations, he is unsble to af-
ford her as much as she can earn. Hence
comes the appeal for legal redress and per
petual separation.
ANOTHER.
Another Faster attraction will be Gen.
Newton's lecture on Hell Gate, which will
be given next Tuesday night at Steinway
hall, for the benefit of the Central dispen-
Ao int cd ha
recent submarine explosion, he should
make the theme very interesting. There
are many, however, who believe that the
money spent at He'll Gate was all thrown
away, and Gen. Newton will find it diff
cult to overthrow their arguments The
matter, however, may be illustrated by
Daniel DreW's Athens movement. Ten
years ago this man established a wharf at
Athens, intending TO run short steamboat
line from this city, with railway cut off to
Schenectady. The plan has been carefully
fulfilled, and is found to be failure. First
it was tried as a convenience to passengers,
and then as a facility for freight. AS it
answers neither OF these purposes, it is TO
be abandoned, after an expense of 50 ,006,-
COG. The He'll Gate route has been vaunt-
ed as "cut-off" for the ocean steamers,
but 1t will no doubt be a repetition of the
Athens blunder.
OTHER BLUNDERs.
Tho mistakes made by the wise are suf-
ficient to encourage all classes of fools, for
few of the latter could do worse than the
performances of our so-called best. There
is, for instance, the long pier built by the |
Erie railroad company at PIermont, in which |
million was thrown away. There is the |
Manhattan market, in which another mil |
lion was lost. There is the Midland rail- |
road, and score of other follies. Then |
look at the operations OF John Taylor |
Johnston in the management of the New |
Jersey Central, by which eleven-twelfths |
of its capital has been sunk-the amount |
lost being more than $4,000, 900. So also |
the innliirv miaht be made what fool en-