The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1877-07-05
NEWS OF THE WEEK,


THE Twenty-second Ward Bank,
Philadelphia, Estate institution closed its
doors on the 30th ult., and will make a final
settlement with its depositors and stock,
holders. The depositors will be paid in full,
and the stockholders will receive about 50
per cent. of their stock. The latter have
already received four dividends of per
cent. each since the organization of the bank
in 1871. The cause of the failure was ina
bility to cope with the national banks.
THE Harvard and Yale crews had q
race at Springfield, Mass, on the 50th ult.
The former were victorious, coming in a
boat and a half length ahead
TOMBSTONE SALLEN, formerly a New
Orleans sugar merchant, a member of the
Louisiana legislature, and a colonel in the
Confederate army, who loaned 81 200, 600 10
the Confederate government, and was beg
cared by the result of the war, died in a
wretched tenement in Grand street, Brook
lyn, on the 18th inst, and was saved from
burial at the public expense by the charity
OF his poor fellow tenants.
THE Portsmouth, n. H., light artillery,
organized in 1876, accepted an invitation OF
the Mayor of Portsmouth, England, to visit
that city and receive its hospitalities.
The single scull contest, three miles,
for 81 600 a side, at Boston, Mass, on the
29th ult., between Regain and Sanders, was
easily by the former Time % minutes and
80 seconds.
EX-Gov. TILDEN and Cyrus w. Field,
who had engaged passage for Europe by the
Bethnia, which sailed on the 4th of July,
have decided to defer their voyage.
AT Boston, Mass, on the 29th ult.,
the American Tract society elected president
VIM. c. Chaplin; vice presidents, Jno. G.
Tappen, Gen. Erastus Blakeslee; secretary
and treasurer, Arthur Gilman. The treasurer
in his report says the receipts of the society
during the past year from legacies, dona
tons and royalties have been greater than
the previous year.
THE city of Boston has contributed
$50, 107 TO the relief of the sufferers by the
st. John fire.
THE imposing services of laying the
corner stone of the A. r. Stewart memorial
cathedral at Garden City, Long Island, were
held Thursday, June 2Sth. About one-third
of the structure is completed. The process
sion included about three thousand Sunday
school children.
A MESSENGER lost $4,000 of United
States coupon bonds on Wall street, New
York, on the 9th inst The finder of the
package promptly returned ii to the owner.
THE annual report of the New York
Chamber of Commerce presents reliable
statistics, showing that aside from the par
tial loss of its tea trade, New York holds it,
own remarkably well, and does not suffer
materially from the diversion of business tC
rival ports. The change in the tea trade re
suits from its transportation via California
and overland railroads. In the sugar and
coffee trade New York is increasing The
percentage of total importations have re-
covered her partial loss of the latter for q
year or two. Deliveries of coffee last year
were 100000 pounds greater here than IN
1879 The tobacco trade was dnrl,1n that ot
is a corresponding decrease elsewhere. Oi
the entire foreign imports during the last
fiscal year New York received 60 = per cent
and she contributed 45 per cent. of the whole
domestic exports Notwithstanding the largely
increased cotton expectation direct from
southern ports. The reports presents the
facts to show that New York is advancing
rather than retrOgrading as the great center
Of American commerce.