The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-05-16

arrangements have been completed at Avons-
mouth DOCK, Bristol, England, for receiving
and Strengthening cattle, under the existing
regulations OF the Privy Council.
THE BKICKLAYERS TO STRIKE.
me Bricklayers' Union held mass meet
ing last evening. The subject OF q strike was
discussed. and finally the motion that the
brlcklayers OF New York should, on or after
Monday, May 10, demand $3 per day, was car
ried by large majority.
THE FUNDING CERTIFICATES.
The postofIice received but $4,000 worth Of
ten dollar retundlng certificates to-day By
O'Clock the entire amount had been dis
posed OF.
VIM. LLOYD GARRISON.
VIM. Lloyd Garrison is lying lii at the resi-
dence oil his son-in-law in this city.
CRUELTY no CHILD.
Rev. James M. Hayes, assistant pastor OF
st. AIMS Church, who was charged with
cruelty In the punishment Of Frank Coscaza
a six year old child, who attended st. AIMS
parish school, was held in $500 bail to answer
to-day.
THE LoNGsHoREMEN's STRIKE.
The longshoremen still hold out against the
proposition of the ship companies to reduce
their wages to 80 30 per day, and the steam
ship companies, on the other hand, appear to
or In any way accede to the demand OF the
men. The Anchor Line, last week, tele-
graphed to their home officers to send out
men from there, and they have advices that
the first detachment have sailed and will pc
here next week, to be followed by others In
succeeding steamers from Glasgow and
London.
BIG BID FOR -FOUR PER CENTS.
The First National Bank syndicate received
from j. s. Morgan IL Co., OF London, bid
for $50, 900. 900 worth OF United States A pei
cent bonds at prices slightly below the mar
ket quotations. It was finally decided that
the London house should have $15,00O,0OC
worth at the full market rate, and bonds will
be sent direct to London from Washington.
THE BONDHOLDERs OF g. 9. AND 7. 9. r. H.
SCALING DOWN THEIR BONDS
At a called meeting OF the Columbus Chi.
cago and Indiana Central Railroad, held here
to-day, there was o. large attendance. Mr.
Southmayd, of the firm of Evarts, South
| mayd & Choate, attorneys for the company
made careful statement Of the decision o.
Judge Harlan and It's effects, and urged the
absolute necessity for the bondholders to In
| stantly agree to scale their bonds down to the
| total Indebtedness OF $15 ,s21 600.
| 1t appears that the Indebtedness In excess
Is about $3 600, 900. part Of which consists OF
| disputed claim OF 81 800, 900. 1t was resolved
| that an agreement should be prepared fol
the bonholders to sign, by which they are tc
deposit their bonds iii theUnited States Trust
| Company to be drawn from, pro rata, by lot
scaling down of the Indebtedness. This seal.
| Ing is to be effected by cancelling a certain
part of the second mortgage bonds and paying
off out OF 81. 400, 900 back rentals now due from
| the Pennsylvania Central Railroad Company
81, 100000 Of the underlying sectional bonds
| The burdens Of use and risk OF bonds can
celled by lot, TO be borne by all the bond
holders alike. These allotted bonds are te
| constitute security to be presented to the
court on the third day OF June, next, al
Chicago, as O pledge Of the fulfillment of its
| DEGREES, that the indebtedness Of the roaC
must be reduced to $15821 600. The plan was
unanimously adopted