Daily Los Angeles herald., 1878-08-07
TIA. B.,,,nx Com pans's Affairs.

adjouraed meeting of the creditors
OF the New York Betting and Pack
ing Company to-day, the committee
appointed at the previous meeting
reported that the company had
good business assets amounting to
$3.50, 900, and real estate, iron
mines, etc., valued at $500, 900. The
liabilities are $9l6, 233, of which
$16S. 900 are due to three persons
interested in the company, who are
willing to leave it there until the
other debts of the company are
paid. The committee consequently
agree to recommend that the ex.
tension of time proposed by the
company should be allowed, as the
assets were amply sufficient to
meet liabilities.
tho Labor Csmmissee.
NEW York, August 6th.-This
being the last day of the Congress
sional Labor Committee, the at
tendance was unusually large.
George w. McNeel, President of
The International Workingmen's
Union, residing in West Somer.
Vile, Mass, was the first witness.
The whole difficulty, in. his opin-
ion, Is the wages system of labor,
or, in other words, that the wage
system and steam engine are con-
temporaueOus, and that the pro-
ductive power has exceeded the
powers OF consumption. He fa-
vored an eight hour law through
out the country.
Peck, of Danbury, Conn.,, fol.
lowed. He thought that, instead
Of lending hundreds Of millions Of
dollars to banks, the government
should lend some few hundred mil
lions free of interest to working
men. He read a long petition to
Congress asking the government to
lend any man $4,000 to build a
house with, the amount to be paid
back by installments.
nj. Sellick was for bolishing the
United States Seuate, restricting
the power of Conert ss and the Pres
ident, the issue OF S5S per capita,
curtaiIing the hours OF labor to six
hours, and to allow no one outside
of the Labor Bureau to employ la
borers.
Mr.. Kemp believed the cause of
depression was the war, the over
issue ofcurrency, the extravaganza
caused by short period of infia-
tion and a high protective tariff,
all of which ought to be remedied.
Hewitt read the following ques-
tion which the com mittce submits
10 the public: The Congressional
Committee earnestly requests the
cooperation Of the public of all Sec
tions of the country i'll obtaining
Information to aid in the practical
solution of the important questions
submitted to it. 1t especially in
vites suggestions from representa-
tive men in all departments of
business.
1t proposes the following ques-
tions to employers of labor
throughout the country: First
What were tho selling prices Of
your products in 1860 and in each
subsequent year down to 1878,
inclusive? Second - What were
the wages paid by you in
each of these years for labor en-
ployed? Third-Where the person .
furnishing Information are willing
to do SO, the Committee invites
them to state the percentage of
profit made by them in each of
these years upon the capital en-
ployed in their business. Fourth
What were the wholesale and re-
tail prices of leading articles of
family consumption during each Of
these years iu your vicinity? Fifth
What is the difference, If
any, between the rents of
tenements occupied by opera.
tives in the years 1860 aud
1S7Sin your vicinity? Sixth-What
was the comparative amounts of
the products OF your business In
quality and value in the years 1850
and 1878? Seventh-Stats the
comparative steadiness of employ.
ment of operatives between the
years 1860 and 1878 inclusive?
The committee invites sugges-
tions from employers as to the ex.
tent and causes of the present de-
preston of business, and as to any
special Federal legislation which,
in their opinion, would tend to re-
lieve the same. The committee
will hold its next session in the
New Yerk Postoflice, August Goth.
Terrific Storm.
PHILADELPHIA, August CHA
terrific storm passed over the town
of Phenixville last night, doing
considerable damage. Robert
Townsend and Edwin Roberts, Of
Philadelphia, were struck by light
ming. The former was instantly
killed and the latter was not ex.
pected to recover. The village of
Canton was also visited by q heavy
storm. The reservoir belonging to
the Canton Water Company gave
way, doing considerable damage.
Railway Property Burned.
BOSTON, Aug. 6th.-The car shed
of the Eastern Railroad Company
burned tonight, with six passen.
ger and two Pullman cars. Loss,
$50, 900; insured. The fire is be-
lieved to have been incendiary.
Manager stabbed.
CINCINNATI, Aug. Gin quar-
rel early this morning, James Nc
Donald. u varie y actor, stabbed
John Shay, Manager of the Heucks
Opera House, probably fatally.
Blatant Duncsu Crushed.
LOUISVILLE, August 9th. the
election to-day Balnton Duncan, OF
the Laber National Greenback
party, was utterly crushed.
Another Indian Agent Ousied.
BISMARCK, D. t., August 6th.-
Indian Inspector Hammond has
completed his Standing Rock In-
dian agency investigation and an
other, Hughes, of Chicago, has