davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1877-06-13

that the desire TO realize tho profit on these
bonds while il is yet possible may lead TO
large s,lbscriptIOns for per cents at par.
Moreover, fully 800, 200, 900 of United States
bonds are held by savings banks and insurance
and trust companies in this city Alone anu
large amounts elsewhere, and the rapld
progress of refunding has taught all holders
of 6 per cents that they cannot count upon
retaining very long the opportunity TO reaize
profits on them. The desire to swell IA far as
possible the par value of securities held against
deposits, as assets, or for trust funds, VIII
stimulate subscriptions.
Very properly, the Secretary does not an
nounce. nor attempt To fix IN detail ior hiinSeil
in advance, the disposition to be made OF the
proceeds of bonds which may thus be sold.
His course has already shown his determina-
tion TO accumulate legal tenders. If sales OF
coin for that purpose continue to pI1ve that
he will preyent any interruption OF his plans
bv n stringency in the gold market or rise
in the premium, the popular subscriptions IN
Julv will undoubtedly far exceed the amount
reouired to accumulate all the legal tenders
that can be spared from use. In other Words
they will place at his disposal ample means ior
extinguishing the premium on gold. Al the
same time. by withdrawing small notes he can
create a vacuum in daily use, which coin VIII
Immediately fill, flowing into circulation 10
supply the place of legal tenders withdrawn
Thus the new contract makes the Secretary
master of the situation. He will have power,
If fine subscrptiOns to the new loan are not
cramped by delay or hesitation in selling gold,
to prevent any injurious contraction OF
the circulating medium, by calling into
use the large amount of gold when
has accumulated in the country within
the past two years. Moreover, if he makes 1t
clear that he has the will and the power to
put gold down, he will enlist in his support
an enormous speculative force. He will VIZ
tualy say "Subscribe for per cents at
"par in gold and within the 80 days you
" shall be able to pay for them at little more
ethan par in greenbacks. thereby gaming
"whatever " your legal tenders gain, besides
"whatever advance the Syndicate may have
"made in the gold price of bonds" Very
large subscriptions may be secured and pow
erful financial influences enlisted to support
the advance of greenbacks. Master of the
field, if he uses wisely and boldly the power
gained by this contract, the Secretary may be
able to notify to a Democratic House this Fall
that the premium on gold has substantially
vanished. that coin has begun to be used
freely in place of small notes, insuring cir
culating medium as large as the country can
desire, and that the great boon of specie re-
SUMPTION is virtually secured.
New-York tribune., 1877-06-13
LITTLE ENNA AGAIN.


II is a great pity that Mr.. Trenor w. Park
and Gen. II. III. Baxter were compelled to be
absent from New-York at the time the order
of arrest was issued in the Chisholm suit to
recover 100000 alleged to have been OBJ
tained by them through fraud and conspiracy.
If they were here it would give us pleasure to
submit to their perusal letter recently ad-
dressed by Mr. Alexander w. Macdougall to
his fellow shareholders in the Emma Mining
Company, and now printed in a neat little
pamphlet We are sure that Messrs. Park and
Baxter would find it interesting The subject
of Mr.. Macdougal's letter is the "Nerdict for
"the Defendants" given in the recent law
suit in this city, verdict upon which Mr.. Mac
dougall without directly impugning the nteg-
rity, ability, or impartiality Of American courts
and juIies comments in q manner which must he
highly unpleasant 10 those among us who are
Jealous of their cOuntry's reputation. FOR
:" the moment" says this lively ScOtchman,
" Park and his cOnfederates have got OIL with
both the mine and the million, and jury
" of his country, after a trial of unprecedented
duration, have shown patriotic apprecia-
L" ton of his conduct by deciding that he was
quite right in so doing. 1t would indeed be
"ica if this matter were permitted to rest
"there American Enterprise and British
"Capital are the Siamese Twins of COM
"mercial progress, and it would be nothing
short of an international calamity if the UNI
bical cord of fair-dealing which unites
these two forces were rudely severed by
" verdict the distinct meaning of which is that
" fair dealing is at an end. and that there is
"no remedy in the American courts for the
"wrongs of English investors or spectators
(call them which name you wild in Amer
" lean enterprises or speculati0ns'
As our readers know, a stay of proceedings
under the New-York verdict has been obtained
pending an appeal to the Supreme Court Of
the United States, and a new and very full
inquiry into the facts of the case is likely 10
be made in the course of the various suits
lately begun against Park and Baxter by per-
sons associated with them in the disputed
transactions. Moreover Mr.. Macdougall adj
vises the shareholders to institute fresh pro-
ceedings in the English courts for which he
has already prepared as he says, great mass
of important evidence. Clearly we have not
vet heard the last of the story of Little
Emma. Something has been said in our
newspapers of the "vindcatiOn of Messrs
Pmk, Schenck, and others through the
recent verdict. 1t is hardly necessary
to say that the failure of the English case is
not regarded by the American public as a vim
dication of anybody. We are not disposed to
quarrel with the verdict, or to suspect the
jury, or to join in Mr.. Macdougall's attacks
upon some of the counsel formerly employed
by the English party; but it is very plain that
these dark transactions have not yet been sub
mitted to the searching investigation which
they need, and which in one way OF another
they will have. We only trust that when the
truth is at last established it will be in our
own courts.
New-York tribune., 1877-06-13
Enoer 10 Advertisements

IuusyNENTs- ooOe-5th and 9th Columns
RINKISc AND FINASCiAIs-7M Pdge-lst column
Roam aNp iOouS- 81 PdOe-lst Column.
BtsINHss HOTICEs-4M Fd0e-lst column
CoRPoRATtoy NoTICEs-7h Pd0c-6th column.
DINcisG ACApFNIEs-6M Pd0e-2l column.
DVIpKSD NOTICEs-7ah PGge-6th column
DRr COODs-3d Pago-3d and 4th columns
ETHIOPIAN ADVERTIsEMENTs-7 Id2e-6th coiumn
FsANcIAI-7sh PdOc-5th and 9th columns
BgIP WANTrp-3f Pd0e-6th column
HoRsFs. CARRIAGES. &C-7th Fdge-Oth Column
les CRBAM-TM Vd0s-6ih column.
IssrRuCTiON-GH Iage LIST and "a columns
IKGAL NOriCTS--6h pd0e-4th column.
MAcHISERY-7A Pdge-6ih column.
kARRIA0Ls AND DEAHs-5M PGJc-6th column o.,
MISCELLANEOUS IN Page 9th column; oh Ia1e-otu
column.
NusICAI IssTRuaYNrs-7h PGce-6th column
NEW PUBLCATtoNS-OM Pd0e-1St colulnh'
RsAL hsTATR FOR sALR-CTTT-6h PdJe-3d column;
RpoohI,N-6N Pdgr-3d column; COUNTRf-bW rage
I'D column; AUCTION SALES-6ta FdQe-3d COLUMN
BPHCIAL NOTICES 5th PCGe-6th column 80. , .
bUUATfOSk NANTED-MALEs-3d Pd1f-otn eoiuHIh >
FEMALEs-3d PdOe-5th aud 9th COLUMNS. , . +,
eTFAupoATs AMI kALRoADs-2d Pd0e-Oth column; "a
Pdge-ist cOlumu. -
sTK,nEEs OCEAN 9Th PaGe-Ath column. ,.,
SUMNER BoARD-3d PG0e-1st ID, Sd, 4th' anu oVn
columns.
IEAcnkRs-Gh Pd0T-2d column
The TUEF-3d PdOc-6th column. -, ,. .
20 LET-BROOHLYN PROPERIY-6h FoCe- % col,tnn ns
COUNTRY PaOe-3d and 4th columns; AfAhIALNl9
AND UNFTRNIsHTD ROOHs-3d Poge-lSt colu'h"'
To WHOM IT MAY CosCERS-7h PG9e-oih coioihu'
New-York tribune., 1877-06-13
ANCIENT HISTORY FOR PRESENT USE


Gedney is dead. We refer. of course to the
personal Gedney who undertook to bull Della
ware and Hudson, and to that particular Ged-
ney only in his capacity as an upllfter of dam
aged and decayed stocks. In a merely physical
sense, we suppose that Gedney still lives, but
as the Great American Stock Uplifter, Gcd
ney must be dead, for the stock sells at 26lS !;
and yet, when Gedney leaped to the rescue, it
was selling at 3Sl2. and his herculean efforts
lifted il to 45l2-fOr half minute or so. For
four years ending with 1875 it had sold at
12O, or thereabout; in 1876, before the col
lapse Of the coal combination, it had fallen to
about 1O3 in January last it still sold at
74l2. and by the second week of February
had fallen to 44l2. Then sundry FALSE ma
"licious, and unfounded reports, calculated
"to" swindle stock buyers, lifted it to 53li in
March, but as the falsity of those reports be-
came known, the stock gradually sank to ssh in
April, when Gedney was called to the rescue.
As when the friends of sick man telegraph
to distant city for the most eminent and
costly physician, there was a spasm of hope,
followed by an agony of despair By the
middle of May 3S was reached; by the end of
Nav 81 the first week in June saw 343i re-
corded, and yesterday the stock touched 26ls.
And there are painful rumors-but this will
not do. The Stock Exchange never prose-
cutes the knaves who send out false reports
to upiift the stock of any company, but if
any man ncGutously states that at Scranton
Yesterday anybody was consulting about any
thing, which if known might cause a stock to
find d" in the lowest depths deeper STILL" the
Stock Exchange wakes viruously indignant.
The typical Gedney still lives. The class of
men who think it wrong TO tell the truth if
it hurts a stock, but perfectly right to tell any
number of lies in order to help stock, have
been very fairly tested within the past year
Many other illustrations might be given, but
the coal companies have supplied illustrations
sufficiently numerous and forcible. After
Delaware and Lackawanna had fallen from
100 to H. and had declined from that point
to G6l2 in January, was there any honesty in
the reports which were pcrsistcntly circulated
and which lifted the stock early in February
and again early in March, Then il fell to 80,
but lying reports lifted il to 81 in the last
week of March. In January it fell TO 43, but
persistent lying raised the price to 53is early
in February. Since those reports were dis
proved, the sinking has been steady for six
weeks, and 307s was marked on Monday.
Who can tell how many innocent men have
been robbed, during the long decline since
New-York tribune., 1877-06-13
BOSTON ELEPHANTS IND NEW-YORK


The events of the past ten days in this city
ought to teach the ambitious citizens Of Boston
a lesson. For the people OF that forward pro-
vincial metropolis must be dull indeed if they
do not learn from these events how futile and
vain must be all their efforts to compete in
the matter of shows and circuses with the
metropolis of the whole country, the polti-
cal and commercial center of the Union.
We do not deny that the spectacle
of five elephants bathing simultaneously in
the frog pond on Boston Common was calcu-
lated to inspire the patriotic heart with emo
tons of gratitude and pride. 1t was great
OCCASION and a great day for Boston. Far be
it from us to detract from OF behttle it,
Sneeling comments upon the shallowness of
the water and the thin and superficial charac-
ter of the bath we leave to narrow-mindcd
and jealous partisans who are unable
TO see any merit III rival show
New-York tribune., 1877-06-13
THB NEWS THIS MORNING.

FoREIoN.-In Armenia the Turks claim to have
reoccupied Olti, the Russians having retired TO
PepDek. - Peace rumors are deemed utterly
eroundess at Bucharest. = The gold vase at the
Ascot Races was won by Skylark. = The fortif-
cations of Antwerp are being strengthened. ==-
President Machlahon has decided on ordering gen
eral election.
DoMEsTIC.-The amount of outstanding small Ma
tiOnal bank notes is about $900O,OOO but under
the law can be increased TO S5300O,OOO. 60
Nothing definite is known of the result of the vote
in Georgia on the Constitutional Convention ==
The cemetery Of the Confederate dead at HageTs-
town, Md was dedicated. == The Secretary OF
War reached West Point last evening. == State
officers were nominated by legislative caucusos in
New Hampshire.
CITY AND SUBURBAN.-ThoTe was largo attend
nnce Of prominent Democrats at the Manhattan
Club reception to Mr.. Tilden. Mr.. Hendricks, Gov.
Robinson and Lieut.. Gov. Dorsheimer, all of whom,
with Others, made addresses. - A committee of
the Society for the Suppression Of Vice asked the
aid of the Police Commissioners. - Fawn,
Fraud, Caracaa, Parole and Trouble won the
Jerome Park races. - The Comet, Arrow
Schemer and Susie S. won the Brooklyn Yacht
Clubs prizes. 80 Two policemen were charged
with brutality TO boy. &C. prisoner escaped
from the Tombs Police Court. == Gold. 1915
1919, 1O5 Gold value Of the legatender dollar at
the close 952lo cents. Stocks active but irregular
closing unsettled.
THE WEATHER-TRIBUNE local observations ndi
cate partly cloudy weather with occasional rains
Thermometer yesterday, 660 10, Gio.
New-York tribune., 1877-06-13

last year, by the frequent false stories ana
temporary reactions of pricef But the law
has no GedDey, and the Stock Exchange no
sympathy, for them.
Morris and Essex was 90 in January, and
had been 102 last year. When it fell to 81
at the end of February, and false reports llfted
it to S6l2 within n week, was no one cheated
When it fell to 63 in April, and lying stories
raised the price to 7S by the first week OF May,
was no one swindled7 Ever since that time 1t
has been sinking, and sold at 523i yesterday
Who were the proper victims OF legal chas-
tlsement the men who said that il must sink,
and gave stockholders fair warning, or those
who devised a new falsehood every month TO
give holders new hopef New-Jersey Central,
worth ia two years ago, and 80 one year
ago, was still selling at 373i in January.
Who does not remember the official and un-
official statements made, before and after that
date, to delude holders and soduce buyers
Does anybody think that the real condition OF
the company was better known to the man
ayers in February, when its stock fell to 93i,
OF in May, when it fell to 6, where it slept
yesterday, than in JanuaryP Lehgh Valley,
worth SO per cent in January, has been per-
mitted to decline a little nearly every week,
AS the condition of the coal market has
prompted and has sold this week at 553i, but
it is better off to-day, and enjoys more OF
public confidence and support than any OF the
companies for which the Gedney tactics have
been employed. Reading, worth 10 per cent
at the end of 1875, and still worth SO
a year ago, sank to 40l4 by the beginning
and to 2634 by the end of January, and
touched 23 in February. What is the reason
that stock is now selling for a little more +
the latest quotation was 1884. Because its
management has made clean breast of its
difficulties, approached creditors with candor,
and adopted policy hostile to every form OF
concealment, combination, or conspiracy to
plunder the public. The Reading is as heavily
loaded perhaps as any other road, but 1t has
met its difficulties after the manner of man
ayers who are not trying to cheat stockholders
or to rob the public, but who intend to make
their property valuable by enlisting the public
confidence and serving the public interest.
Would it be strange if, of all the coal carriers
named, the Reading with its heavy burdens
should be the only one to escape bankruptcy I
One thing, at least, is certain The Gedney
business only hastens the fate of company
and makes its ruin more complete.
New-York tribune., 1877-06-13

Yet another police outrage. The clubbing
of the boy Walsh By two officers makes nor
rible story of unprovoked brutality. The pub
lie will hardly wait for any statement OF the
officers defense. The mere fact that both
beat the boy about the head and body with
their clubs after one of them had knocked HIM
down leaves no possible loophOle for defense
and fully explains the unaccustomed indigna-
ton of the Police Justice. 1t now remains to
be seen whether these wretches will be visited
with anything like the punishment they de-
serve. Superintendent Walling's appearance
as complainant against them leaves very little
doubt as to their fate at the hands of the Po-
lice Board, but they ought not to be allowed
to escape with mere removal in disgrace. Just
such proceedings should be taken against them
as were taken against Officer Cleary in Brook
lyn, who now lies in prison serving out a SIX
months term which may be increased by an
other sentence. Cannot like punishment OF
these men be used to teach them and those
of their fellow policemen who are like them.
that the policeman, as well as the private citi-
zen, is answerabe to the law for cruel and
brutal acts
New-York tribune., 1877-06-13

spells and rainy days Of fortnight by an Egyptian
statesman but after all there is prevalent appro
hension that Mr.. Hendricks will fail to secure com.
prchensyo grasp of all European institutions be-
fore September. And yet 1t is cheering to note the
praiseworthy aims Of illustrous fellow citizen.
II is not recreation that he seeks nor health. Paint
ing and statuary and music and architecture have
charms for Mr.. Hendricks. Institutions alone can
lure him seas Surely this studous publcis.
ought not to he neglected in 1880.
New-York tribune., 1877-06-13

PEELED the Turks to retire. In May they began
the siege of Silistiia, which they maintained
vigorously until the end of June, when they
werc forced TO withdraw. Their Danubian
army being now at least four times greater
than it was in 1s53-54, the Russians are
doubtless disposed TO wait until they can over
whelm the Turks wherever they meet them in
force,
New-York tribune., 1877-06-13

Why did not Mayor Ely welcome Gov. Robinson
tothe metropolIsf 1t is not often that New-York
is visited by Governors who consist Of Andrew Jack.
son and Daniel Webster rolled into one, and whom
the city is thus favored the spendor Of the occasion
demands the presence of mightier than Purroy.
New-York tribune., 1877-06-13

This time Mr.. Evarts has taken the Republic
of Peru by the ear, and impaired to it some
opportune information on international law
and courtesy. We shall teach all our cousins
to the south OF us good manners in due time.
New-York tribune., 1877-06-13

Now that Col Wharton has got his Marshal
ship after ALL it would seem that Mr.. Hayes
didn't scare worth a cent at the prospect OF
having Mr.. Butler get up and say, 81 told
"you so.n
New-York tribune., 1877-06-13

Persons lcaring toun for the season, and Sum-
naer trdrclers. can hare The DAILY TRIBUNE
mailed to Hep postpaid, for 81 per month, tie
address being changed as often as desired
New-York tribune., 1877-06-13

Three hundred pupils from the Normal School In
Philadelphia paid New-York a visit on Monday last,
receiving an obectlesson OF the largest and most IN
structive kind. Americans are beginning to ac-
knowledge that there Is no educational discipline
like that of travel to an already awakened mind.
We hear of classes from the higher grades OF schools
and COLLEGES going ont on tours on scientific, geo.
graphical and historic gains intent, and coming back
with their perceptions quickened and ideas widened
and Frightened however small the increase may be
To the stock OF actual knowledge. 1t Is becoming
more common, too, each year, for the teachers OF
fashionable schools to take their older pupils over
the water for a year of England and the Continent ;
so common, indeed that these penpatetlc bands OF
learners notebooks in hand, receiving lectures IN
nasal key on the top of the Pyramids or Iii the
shadow of Mont Blanc, are the awe and dread OF
ordinary tourists. We may have our doubts us TO
the quality of tho information emotion thus taken
10 order in gangs, as the boys swallowed Mrs.
Saueerss birthstone and treace, spoonful at time.
But the idea in the main is good one. why not,
however,. first make the pupil familiar with the
wonders of his own country, and not send glrl to
look at the Alps who has seer the Alleganles,
or to sentmentalize over Roman ruins and graves
when she scarcely knows in what fashion the later
Republic to which she belongs IL coming into life.
We hope before long our school and college boys
will adopt the German fashion Of pedestrian tours in
vacation The German lad in his gymnasium has
toleraby clear idea of life outside in its breadth and
depth. while to the American college-bOy his Alma
Mater is the world. The difference is only attributa
bic to these tours which bring the boy into direct
contact with Nature and another life than that of
books.
New-York tribune., 1877-06-13

The extraordinary wretch who carried his
own child off TO a police station, and left it
there with story that he had seen it aban-
doned in the City Hall Park by its mother,
gets two years in the State Prison for his
perjury. Ii is wise father that owns his
child. in Judge Suthcrlands court.
New-York tribune., 1877-06-13

DluY TRIBUNE Mail Subscribers. 8 o per annum.
eEMI-WEEKLy TRIBUNE. Mail Subscribers. $3 per an
WEEKLY IRBUSK Mail Subscribers, SZper annum'
Terms cash In advance
Address. The TRIBUNE New-York.
Persons unable 10 obtain THE TRIBUNE IN any Of the
syons boats on hotels whohh usually Sold 1H con-
Jer farOr bv nfoi1n0 tbs O1oe OF The circumstances
THE WEEKLY TRIBUNE viii he ready this morning
Mt o'clock in wrappers for mailing. Price cents.
can leave their favors TRE TRIBUNE
Brosdway cor lss 3OS W. 23dst. cor sthsve
New-York tribune., 1877-06-13
Bnsiness Nolltes.

Finest OLIVE or SALAD OIL, expressed from
the choicebt selected olives especially for imported ana boz
tiled by CAsvII, HAzARD Co. DRUGGISTS nun ANcae I
Hotel Rudn- and SlXhave, corner Of Thirty nt 81 as
No 1882 Jhamesst Newport. T. l. As we bottle this ol
ourselves No can guarantee bottle TO be superior 20
any other salad oil the market Our only places o. DuS
ness above.
STEELE a. Co.'S OSTRICH FEATHER BUSTERS
200 varieties "duralls" BUSTERS retailing az wholesale
prices at the factory. Parkrow, opposite PostOhce.
SURF HOTEL, FIRE ISLAND BEACH.
Take ferry from Jamessip " y, at $50 m ana r. M
connect railroad at Hunters Point IeegaP stauoh
An the Hotel
New-York tribune., 1877-06-13

Compared with their movements in 1854,
the Russians are now singularly slow in en-
tering Bulgaria. In that year they invaded
the Dobrudja as early as March, and COM
New-York tribune., 1877-06-13

staff correspondent tells in another column
the secret of the success of the Murphy move
ment, which he declares to be that of modera-
ton ami charity. This is novelty in tenn
perance demonstrations-a crusade against
liquor which does not cruelty the liquor
dealer. The movement also carefully refrains
from all political agitation and uses no politl-
cal methods. In Newark, on the other hand,
a league has been formed, some account OF
which has been given elsewhere, for the ex-
press purpose Of carrying Temperance into
local politics. This association is formed by
the efforts of a majority of the clergmcn of
Newark, and is to consist solely OF legal
voters who are pledged to the election of
municipal government which will grant no
LIQUOR licenses whatever
New-York tribune., 1877-06-13

The report of the defeat of the Constitu-
tional Convention project il Georgia comes
from Atlanta, which has all along opposed 1t
for local reasons, but it may yet be confirmed
Its confirmation would be a matter for some
regret inasmuch as the purpose OF the move
ment. as it was recently stated in our corre-
spondence, was to secure TO the State a num-
Der of administrative reforms, such
as lengthening executive and leglsla-
tive terms, lessening the frequency OF
legislative sessions, prohibiting special
legislation, &C., which have been already en-
bodied in many Northern Constitutions. lhe
removal of the reflection on the Confederate
cause, which was strenuOusiy urged does not
seem to have been a matter of much import
ance. Nevertheless the present Constitution or
the State is a pretty good one, and contlnu-
ance of it will hardly bo a great misfortune.
New-York tribune., 1877-06-13

People who have a hard opinion Of Brigham
Young will easily believe that he was once an
Indian Agent. lie was, it seems, twenty years
ago. and the Government proposes, ii Is said
TO prosecute him for certain of his acts. We
know no reason why it should not. There is
a feeling abroad that it is about time the Nor
mon leader was given chance at martyrdom.