davidaulloa/AmericanStories huggingface dataset:
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-08-18
THE SYNDICATE QUARREL.
HOW 1T MAY AFFECT THE LoAN-BAsKERs'
OPINIONS ON THE SUBJECT.

HOW 1T MAY AFFECT THE LoAS-BAsKEHs
OPINIONS on THE SUBJECT.
The excitement in regard Syndicate matters still
continues in Wall street, and II seems now that the
country bankers havo taken alarm aud are pouring in
their letters OF inquiry TO thor correspondents IN
Wall street demanding know the "true inwardness"
OF this quarrel and all about the probable effects oil tho
''eaesae' the loan. In conversation with one OF
these agents yesterday the HERALD reporter WAS In
formed that there was utter stagnation because
of tho widespread circulation OF reports OF
unfairness among members of the Syndicate
Sin fact" he said,'' '.sma country banks
and bankers have been subscribing TO the loan
have suddenly ceased subscriptions and nave advised
tneir customers stop their contributions. small
storekeepers farmers and widows with accumulated
dividends. Ia the habit of investing In govern
mems but IN view of Tie compile cat ions likely to
arise have Withdrawn their support and subscriptions
TINS may seem to lie small matter, but wien u IS
considered that this tm.dty has spread over the
whole country and among all Of The small national
banks, its importance cannot well be magnihed."
The President OF the First National Bank Of this
city Ia member OF the Syndicate, and was awarded
special contract Ia the four and onehaf per cent Syn
dictate for the negotiation oil that class ofgovernnent
securities. Mr.. Thompson sad-"l atn IN lavor OF
every that win enable the treasury to fund
their obi gatons low rate Of interest Our bank
has been, hitherto, an active agent IN sucn negotiations
but cannot without the assistance oil national
banks all over the couay The great success oil Jay
Cooke 4 Co. in placing tho loans OF the government
due great degree 10 tho recognition OF tho TACT
that the small national banks were III the confidence
o. the people aud could directly reach them Mr.
McCulloch, the exSecretary OF the Treasury, has
repeatedly asserted his faith in this medium OIL
communication between the Treasury and The people.
When, therefore this valuable media Is thrown aside
few bankers substituted for the great mum
Der OF agents wonder falling oil Is observable IN
subscriptions. Now, don't want to DO interviewed
OH this subject. / old man, and 90 not think
should DO pumped by intervlewers; yet don't mind
giving my version OF patent facts TO the newspapers
There has been good deal OF s0urncss accustomed by
the OF the bankers who have signed the names
oi the Syndlcatsto procure an advantage Tor them
selves and this has Tor time. checked subscriptoIs
but while am sorry that tho misunderstanding has
occurred cannot believe that this viii prevent tho
Ultimate negotiation OF the four per cent loan. -
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-08-18

THE PURCHASE OF HORSES FOR THE NEWARK
SCENE
For some time past opinion has prevailed in
Newark that certain persons were somehow making a
shave the public pocket In connection with the
purchase OF horses and supplies for the city Fire De-
artment At length the matter the subject of
remarks in the Common Council. Feeling that his
management reflected upon, Chief Engineer Benc-
dict demanded an invest CATION. II was granted, and
began yesterday. Mr. Meyer, Newark horse dealer,
testified that could not succeed in making the good
points OF his horses apparent the Fire Departm
people
soMR STRONG HORSE TALK.
Chief Benedict, who was next called to the stand,
testified that he HAD tried Newark horses and found
them unsouud. He produced affidavit OF Ba,uev
that he paid him l,enedicl) any commission on
horses sold TO the city Tor the use oil the Fire Depart
mont
Under sharp examination by Alderman stainsby, Mr..
Benedict nd that he had stable and kept three
horses hereone his own aud two the city IS; the city
feeds but one; lie uses u buggy loaned bm ny Messrs
Young Co., wagon MAKERS who last year did part OF
the city work and this year all OF 1t; had paid moth ng
tor 1t his horse he bought OF Bainey last September
giving note of $500 for two months.
Mr. Stalnsby-At what do you value your horse?
Mr.. Bencdictl will sell 1t TO you Tor 5000; value
1t at $500
When asked by Mr.. stansby how ho got $500
horse for 5000, NJ. Benedict nmated that he mad
treated the former question ~ lightly; that he con-
sldercd the horse worth from 1928 to $500
Mr.. StInsby-What do you consider your oath
worth (sensaion.) He treated my question lightly
Whom he found he had committed himself he tails
back $500. He doesn't think he IS under OATH and
Will not question him further, although think IL
important II he has received $500 horse for 5000
Mr. Benedict testified further that he bought tho
horse TO sell and found that he coudn't. he fact
that he cGief and thnt he was buying horses for
the city did not hep him to get horses cheaper.
AT this stage the investigation was adjourned until
Monday morning
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-08-18
AFTER THE PAGEANT.
DEPARTURE OF THE TROOPS AND PEOPLE FROM
NEUTRALITY-SUSPICIOUS. FAIRBANKS REVIEWS
* TELEGRAPH TO THE HERALD. ]

HY TELEGRAPH TO THE HERALD
BENNINGTON, w. August II, 1877.
This morning the New Hampshire troops broke
camp leaving In special train for Concord and
lug there this evening Fuler's Battery began their
march for Brateboro at noon, crossing the mountain.
Tho Vermont regiment, of the National Guard, Will
leave in the morning by two special trains
Visitors havo been leaving town oil day,
everyone OF tho nineteen trains leaving
Bennington being crowded to its utmost capacity
The exodus has relieved the pressure somewhat. and
as ever In the afternoon Governor FAIRBANKS and
staff inspected the Vermont troons and this evening
ex-Lieuennnt Governor Gardner gave banquet to tho
commissioned officers of tn Vermont regiments Tho
grounds were tastetuy decorated and lighted with 500
Chinese ianterps and tables were set under large
pavilion tent prepared tor the occasion. Besides
prominent citizens from Vermont thcre were present
Colonel a. +. Wilmarth Colonel Grey r. Phelps, of
New York, and A. j. Hoton, OF Boston, to welcome
the officers After dinner addresses delivered by
the Governor, Colonies Phelps and Wilmarth, Henry
and PECK.
The dress parade in tho afternoon was witnessed by
thousands. IN the evening the Park Guard band, the
brigade band aud the Ransom Guard gee club sere-
naAed a number OF prominent persons, including tho
Governor, A. b. Gardner, A. i. Cnlds ana others.
Tho trains tomorrow will no doubt clean out Ben.
nington and the town Will relapse into quictudc
There 10 much confusion incident to the departure
from Vermont'5 centennial fields, aud early IN the
morning TIC departure of the New Hampshire guests
and their military was the signal icr general SIAM
pede. The visiting troops are all gone. At the YER
mont Veteran camp q business mcctlng was held and
The following officers elected -Genera William
Wells, oil Burlington President; Jonn W. Clark ana
Fred. T.. Smith, OF Montpelier. Vice Presidents
The next will be held Montpelier the second
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-08-18
THOMAS & CO.'S CREDITORS.

AT the meeting OF the creditors Of Thomas l. Co.,
held yesterday, at No. 20 Nassau street. statement
was presented showing nominal liabilities s4o1 600;
nominal assets $5ll, ooo 1t was suggested that the
individual members OF the firm be discharged from
sponsibnity, having given up everything, as they
wished to 90 into business again and could not who
the matter pending Several OF the largest cred
itors said IL due to them for having MADE such
handsome showing, and these creditors signed paper
releasing them IRON all further liability. a connIlttee
was appointed TO Investigate the aillrs OF tho irn
and those OF the New England Company. and report at
future meeting.
The stockholders OF the New England Company met
alter the above meeting to discuss thor aig
dcavor TO devise some rcsuscitate the com
pany. Tho assets OF the company amour, over
$500, 900, which attached BY Thomas Il Co. II
but other creditor bcs des the irm with tho
exception oil mortgage tor $4,000 held by Nor
wich savings Bank. IL Is Thought that a COMPROMISE
will be- effected rs soon as tho committee conclude
thor Investigation.
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-08-18
/ SENSATIONAL HEALTH REPORT.

The Official report Of the Hudson county IN. ~
Board OF Health FOR the month OF July shows NOR
tally list OF as. OF this number l03 Is set down
under the head OF Asiatic cholera These statistics
will be astounding to tho residents OF tho county, and
especially to the physicians not connected with the
Board OF Health Inquiries through the county by a
representative OF the Herald havo failed to establish
a single Of this dreaded maady. The city pny-
sicians are OF opinion that many deaths have
been caused by diseases OF the digestive organs which
bear striking similarity to choara morbus and acute
diarrho;a- II not unirequently happens that taeso
symptoms have been mistaken tor the NAL gnans
type Asiatic cholera IL never spontaneously de-
veloped this climate 1t is importation, ana it
only from conditions peculiar Eastern
tries whore tho influences Of climate food aud
ARIA combine 10 generate the disease Tho Official
stcord Is the more astonishing, the Hudson
County Board OF Health is composed OF three
pny sicians, of whom Is member by
virtue Of his Office county physician The city ply
scians who interviewed by HERALD represeu
yesterday In relation TO the matter expressed
Indignation this sensational official statement and
they that this is only additional proof OF tho
ineliccncy of the system which regulates sanitary
matters tho county.
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-08-18
THE UNIVERSAL LIFE.

The reference in the matter Of the Attorney General
against the Universal Life Insurance Company was
continued yesterday before Mr. j. " French at No AZ
William street No witnesses wero called but Deputy
Attorney General Paige presented some additional
deuce. The counsel or the State occupied early
In the day IN annotating certain matters from the
company's books, which, when handed IN, Will torm-
nate tue examination. The next meeting will take
place September t.
Justice Landon has issued order to tho company
TO show cause why receiver to take charge OF the
business should not be appointed. The answer Is TO
be made 10 Justice Landon ut schenectady August II.
The application grows out of the Of the North
American Lilc Insurance Company and the receiver
ship Is TO continue during the tendency OF that action.
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-08-18
THE SUGAR INTEREST.

THE COMMISSIONER OF AGRICULTURAL AFFAIRS
STRIVING TO INCREASE THE GROWTH OF SUGAR
IN THIS COUNTRY.
WASHINGTON, August II, 1877.
General lie Due the Commissioner Of Agricultural
Affairs has for some time been engaged In the consd-
Grafton Of important matters affecting the sugar in
terests Of the United States with particular attention
the subject Of the increasing growth oil that staple
in this country. He believes that there be a
saving OF more than $50, 900 year 10
this country by the production OF the at home
that Is now imported from aoroad. The Commissioner
Is correspondence with sugar planters aud
Others IN the Soush and Southwest, and mas also re-
ceived Information from tho growers oil sugar beet
in support of his intention by endeavoring
10 decide upon some manner Tor largely
Increased growth Of sugar In tho United States
The general agreement Of planters and others Is that
there eau be much heavier productions OF sugar in
this country than there is at present, and all VINO
have comm Gated with the Commissioner on abe
subject their earnest anxiety 10 give him all the
benefit OF their experience this subject and TO as
sist him in his Efforts wherever they can.
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-08-18
thieves ON LONG ISLAND.

On Thursday night the depot OF tho Long Island
Railroad Company at Baidwns was broken open and
$50 IN money together with quantity OF goods, in all
valued ut about $780, was stolen. THIS Is the third
time tput the same depot has been broken open and
robbed wilnn year. On the same night tpe parn
ON the Rockaway road, Spr ugncld, was broken into
and horse wagon and harness, valued NJ $500, were
stolen No clew 10 tue tacves in either case
John Miller and George King, Of New cfk, arrested
in BROOKLYN days ago with two horses ana COIL
stolen rom Mr. Henry Cox, of Little Neck, l.. J., in
tuelr posscss,on had examination before Justice
Lawrence OF FLUSHING, Thursday, and are now
IN Tue Queens County jail awallng the action OF tho
Grand Jury.
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-08-18
QUARTERLY DIVIDENDS.
THE hooks FOR THE TRANSFER AND EXCHANGE
or BONDS TO BE CLOSED ON THE 3lsT INST.
IN THE TREASURY DEPARTMENT..

or BONDS TO DE CLOSED ON THE jlsr INST.
IN THE TREASURY DEPARTMENT..
WASHINGTON, August IT, 1877
Dr. William II. Wheeler was to-day appointed Collec
OF Internal Revenue for the Fifth district OF North
Carolina, vice @. $. Winstcad suspended
The acting Secretary OF the Treasury has issued
circular, saying:"In order to adjust the numerous
be opened for subscribers TO the four per
consos OF 1907 upon the books OF the Register
OF the Treasury and to enable HIM TO have prepared
the schedule upon which the FIRST dividend upon regis
tered bonds shall DO paid becoming due the lst OF
October next 1t becomes to close the books
for transfer and exchange OF bonds the 3ls OF THIS
mouth (Augustl II is hoped that IN tho future the
books this will DO closed for but fifteen days
PRIOR tho OF quarterly dividends, asi the
nve and four and half per cent iunded oaue."
The receipts from internal revenue to-day were
S3i 8, POP l3 and from customs. S733, 449 81
The balances in the Treasury at the close OF business
o-day Currency, Sl2 567. 36l 0s special fund
for the redemption OF fractional currency IS l6o sos;
special deposit legal tenders Tor redemption OF GER
hcatcs OF deposit $685. 1916 600; CON- $l02 O5s93s 3D.
inc uding coin certificates $33, 1856, 400; outstanding
legal tenders, 1850 094, 220
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-08-18
CANADIAN INSURANCE REPORT.
OTTAWA. August II. 1877

OTTAWA, August II, 1877.
The Inspector of Insurance has issued his report.
which shows that American life companies have re-
ccved In premiums from Canadian policy holders
since 1869 the OF Sl7,04s,9sz Last year they
received 81 497 Gl2; Canadian companies ST. 7Gs 543
British companies $5g7 100. The Inspector closes his
report with the remark regarding life insurance that
tho best policy holders would be afforded
by the government itscif undertaking the functions
OF nfe insurance Until the Iie bill OF the last
sion OF parlamt Is In full operation, which will not
be until after March 81 1875 the returns OF the hle
companies cannot DO as satisfactory as he would desire
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-08-18
THE BROOKLYN OIL BURNING.

About fifty people have been thrown out of employ
ment by the destruction Of the oil works OF Mcssrs.
Denslow & Bush, foot oi Twenty-nith street, South
Brooklyn, Thursday night. The premises Will be
rebuul without delay. The insurance on the stock,
amounting to $1,000 Is held IN the following CON
pane Liverpool and London, $4,000; City OF Hart
lord ST. 900: City oil Ptlsburg Pa, 900; Benjamin
Franklin Fttsburg, Pa, Sl,oVo. The buildings were
nj imam cd
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-08-18
INSURANCE BUSINESS IN MISSOURI

ST. Louis, August II, 1877.
The statement in these dispatches u day two ago
that the Franklin Insurance Company, Of Wheeling
the Old Dominion, OF Richmond; the Residence, Of
Cleveland; tho Homestead, of Waterfowl, n. Y, and
the Missouri Valley Life, of Leavenworth Kansas, had
been debarred from dong further business IN this
State proves TO have been incorrect. state Insurance
Commissioner w. s. Recc announces officially that
these companies voluntarily Withdrew their business
from Missouri and were not debarred. as previously
stated The original report was based on statement
made IN OF our prominent journals, and was sup
posed to be
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-08-18
A STABBING AFFRAY.

During drunken quarrel yesterday morning be
tween Michael Sweeny and August Sohen, AZ No PSI
Mulberry street. the latter severely stabbed in thu
right and left breasts. Sweeny attempted to escape
but was caught by an officer and taken to the Null
berry street. station house. The wounded man was at
tended by police surgeon, who pronounced the
wounds serious. but inasniucn tn, vitals had not
been pierced, not necessarily fatal Sohcn was after
ward removed to his home. The prisoner was com.
mitted 10 await the result of Sohcn's INJURIES.
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-08-18
insurance COMPANY WINDING UP.
lBY TELEGRAPH TO THE HERALD.
HhPTFoRu Conn Auufst II 1871

HARTFORD, Conn, August H. 1871
The stockholders Of The Atlas Fire Insurance Com
pany OF this city to-day ratified the action OF
directors providing Tor winding up tho company owing
to insuiIiciency OF patronage The plan that will be
pursued, whether to reinsure the RISKS in
reliable company 10 them
To the expiration OF their term not decided, but
left to the discretion Of the directors. The Atas
organ zed in 1873, during the height OF the popu-
arty OF the Hartford fire companies induced by
action the losses by the great Chicu- ire How
ever the Atlas never received very extensive patron
age, aud has suffered large falling oil oil paying
patronage with Ia the last two years.
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-08-18
- -
NOT A HEAD WAITER.

John Matthews, arrested on suspicion OF being I'M
plicatcd in the robbery of the West nd Hotel, Long
Branch was reported TO be the head waiter OF that
embellishments Mr.. w. +. Green who ~ the head
waiter of sind estabIishmon wIsnes II clearly under
stood tua John Matthews and he are entirey different
persons.
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-08-18
THE SEVENTIES ARMORY FUND

The following sums have been subscribed TO date TO
tho fund for The erection OF the Seventh regiments
new nrmory building ;--Rcqmcnta subscription,
s42,GS0 Veterans subscription, S2O4 15 Queens
subscription, sl67l0; Ladies subscription 81. i35,
miscellaneous receipts Sz,235 o. Tolal ss3,J73 %.
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-08-18
A DENIAL.

WArERTowS MY, August IL 1871
published despatch, dated 81 Louis, August 10,
states that the Homestead Fire Insurance Company
Of WATERFOWL NY, Is debarred from further prose-
cution OF business IN Missouri This 10 untrue. Tho
Homestead Is perfectly sound, and Withdrew rom
Missouri voluntarily, owing u q lack OF business.
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-08-18
WALKERS AFFIDAVIT.
DEPARTURE OF THE DENMARK--THE STEAMER
SPAIN HELD IN HER STEAD.

DEPARTURE OF THE DLNMAIK-THE STEAMER
SPAIN HELD IN HER STEAD.
proposition made to Marshal Payne ycster-
day 10 release the Denmark and in her take pos
session OF the Spain, which vessel is port until
the bond demanded for the Denmark could be per-
fccted. This proposition at telegrapned to
Judge Blatchford, at Newport, who replied accept
ing It,
SAILING OF THE DENMARK.
Notice of Judge Batchfords decision was received
at the Broadway office OF the National line at about
three clock. Captain Robert Price Williams in
mand OF the Denmark, elcgr1phcd pier No 81
North River to get ready in half hour. Mes
sepgers sent TO tho Custom House for clearance
to the British Cousul's Office Tor ships papers, and
soon Marshal Payne made his appearance relieving
Mr. Henry Coleman, deputZed the ships keeper Tor
the government, and releasing the vessel. BY half
past five O'Clock tue Denmark was stcamng down the
bay the passengers cheering ut their release. The
tide, Captain Williams said would permit the Den
mark TO cross the bar abou, one O'Clock.
The action OF the government IN the OF the
Denmark has caused great deal OF annoyance. The
ship TO have sailed Thursday morning ut hafp
o'clock and was filly ready for the VOYAGE Great
Indignation expressed by the officers connected
with the snip and by the passengers what
seemed Unnecessary delay. 1t was held
That the government officials could easily have secured
the bonding OF the vessel in time Tor her sailing the
appointed day and hour Some oil the passengers in
tcrested the bipment OF 1--we stock SPECIALLY
incensed. There large lot OF very fine Durhams
on board also sheep and hogs. rho cattle suffered
great hardshps as there was not enough wind while
the vessel lying at the dock TO nll the canvas
tubes which supply fresh air 10 the decks where the
cattle 10 previous voyages OF the Denmark, but the
opinion freely expressed by those 10 shipping
cattle that some must perish ON this voyage account
OF the stllug heats TO which they had been subjected
mt no
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-08-18
FLOATING HOSPITAL FUND.

The fruit dealers OF this city have contributed SOS
to pay expenses of the annual fruit trade excursion
of the aoatng hospital, which VIII take place
tuesday pexl
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-08-18

THE NATIONAL BANKS.

REPORT oF THE COMPTROLLER on THE CUR
REScY on THEIR PRESENT CONDITION.
WASHINGTON, Augusi IL 1871
The following Is an abstract Of reports made to the
Comptroller OF the Currency showing the condition Of
the National banks In United States az the close
OF business on Friday June - 1917 There arc LOIS
National bangs.
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-08-18
MARRIAGES AND DEATHS.
MARRIED.

CoURTSEY-GAGE On Wednesday, August l. Mt St
Paus Church, Hammersinith, London, England, by
the Rev Herbert Wilson WILLIAM COURTNEY TO MARIE
LOUISE. widow OF the late George Gage, OF Morris.
town. n j.
Florida pa pers please copy
EMMEr--EDGAR.-At Longwood, near Boston, 18th
ins by the Rev. George j. Prescott. JOHN p. EMMEr,
of New Rochelle, n. y, TO CoRNELiA LIZ Roy. daughter
oil the lao Herman lie Roy Edgar, OF New York
MERTESs-WiGANp -On Thursday, August Ii, at Sta
pleton, s. l., at residence OF the bride. BY Rev.
Father Lewis, Mr.. WILLIAM MERTENs to Mrs. AUGUSTA
WiGAND No cards.