Daily press and Dakotaian. [volume] (Yankton, Dakota Territory [S.D.]) 1875-1880, 1879-08-29
TELecaAPHIc eREvlTlEs.
vANDERBlLT's TESTIMONY.

vANDERBlLT's TESTIMONY.
Saratoga, Aug, 29.-ln the railroad in-
veatipatiOn Mr.. Vanderbilt said he did not
think they could be put down BY legislation.
He did NOT think the west had too many
railroads. There might be too many rum
ming west but not too many from the west.
The New York Central has got rolling stock
and to spare for the ordinary business. The
business increased at one per cent. a year
and no railroad could afford to have an
equipment nttoaccommodate 10 traffic in the busy
season. He had seen three times a. much
freight offered as could be taken, and at the
same time lev prices were prevailing. He
spent in the last 4. years six millions 10
New York. for facilities and 10 now spend.
inc large sums; don't receiev any benefit
for these expenditures.
He thought railroads were entitled TO
protection by law the same as non. monetary
interests Thought capital as much entitled to
protection as any other interest; 's IN favor
of law to punish railroads going above or
below certain rates u be fixed BY the gen
eral government, CO opersting with inoi-
yidual state government; state Legislatures
can haul railroads up at any time 'or Tue
infringement. Of the Law.
SECRETARY SHERMAN IN KENTUCKY
Cincinnati, Aug. ga special train on
the Cincipna i Southern railroad bearing
Secretary Sherman and number Of pre- m.
iuent Cincinnatians, arrived at Heghbridge,
Ky, at IL o'clock. After visiting points Of
interest collation. was served, and the par.
" started on the return trip. They will
stop au hour at Lexington, visiting the fa'r,
reaching Cincinnati at six o'clock this eve.
ming.
REDUCTION TO BE MADE.
Ph.lsdelphis. Aug. 29.-The Summit
branch and Shamoken coal companies have
agreed TO make reductions for September
similsr to those adopted by the Schuylkill
operators.
RULES AMENDED.
New York. Aug. 29-The grain trade Of
the produce exchange has amended It's
rules to make them conform to the central
system which will 90 into operation Jas
uary lst next.
Jay Gould has returned from Europe.
He is accompanied BY his brother. Osborne.
BONNER BOYS RARus.
New York. Aug. 20-Robert Bonner
says he bought Rsrus from Mr.. Simmons,
this morning. Simmons. be adds, 10 the
same gentleman Of whom absut is years
ago purchased Pocsh ,ntas. the mare for
which l paid more than for any other morse
l have ever bought, including Rarus.
NEW YORK GREENDAcKERs.
Utica. N. T., Aug. % Tho state green.
back convention uet to-day and organized by
the election of Commodore Wm. voorhees,
~ permanent chsirman. A plstform wss
adopted when the convention took a recess.
SPIRITUAL ITEM.
Washington. Aug. 29.-The internal rev.
enue bureau has prepared statement show.
ing that the number Of gallons Of spirits
produced during the fscal year Of 1879 was
7,la:S9s,6l7, against 56 lO3.O5S gallons in
1878. Tho gallons Withdrawn from bond
VII With the tax PAID in 1879 MN bered 81 1885,
w, and in 1873, 69,573,639. The number
OF gallons withdraws from bond for export
IN 1879 vas II. .SS7, ,681, against {, ,499. .252 in
1873 The gallons landed abroad in 1879
were 7,799.07l, and in 1878, 1884, GIG. The
gallons reasainiDg in bonded Warehouses
Jun June 30th. 1876, were I9, POS. .47S; on June
ooth, 1878. only 14,0Ss.773.