The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1879-12-17
NEWS SUMMARY.
Eastern and Middle States

The largest sale OF railroad stock ever made
by q single owner has Just taken place in New
York. William II. Vanderbilt has sold to a
syndicate composed of American and foreign
bankers 25G, 900 shares Of New York Central
stock at l20, payments to be made in monthly
installments. Of this amount $4,000 shares
are sold outright, and the syndicate is granted
the option of taking loo, 100 more shares on
the same terms. The sale amounts to $780,
600, 1000. The prominent members OF the syn.
dicate which has thus virtually bought 25O,O 600
shares OF Central stock are j. S. Morgan &
Co., of London, Drexel, Morgan & Co., August
Belmont & Co., l.. Won Hoffman, & Co.,
Morton Bliss & Co., and Winslow, Lanier &
Co., together with their European connections,
and Edwin d. Morgan, Cyrus w. Field, Jay
Gould and Russell Sage. The completion OF
this sale harmonizes for the present the
hitherto conflicting interests OF the New York
Central and the Wabash system of railroads,
and in one way or another will affect the en-
tire, railroad interests of the country. BY
this sale Mr.. Vanderbilt allows the absolute
control of the New York Central road to pass
out of his hands. In explanation OF his action
he says that public sentiment was strongly
| opposed to the control of such a greatproperty
by one man or one family, and also that there
was an antagonistic railroad interest which
was seeking alliances in other directions, and
that he deemed it best to harmonic this in
terest with that OF the New York Central.
Mrs. Mary Forse, a poor, young married
woman, was stoned by several small boys In
the streets OF New York, and alter giving
birth to a child she died from the effects OF
her injuries.
An explosion in the Marcellus powder mill,
about twelve miles from Syracuse, N. y, de.
..S1.I-J 49,. I,.tl.~-, n-l q nm pntynIo nj
powder, but no persons were injured. Inc
report was heard twenty miles away.
Asa Magoon was hanged a. Windsor, VT, a
few days ago, Tor numbering Rufus S%treeter, an
old mar of seventy, with whom the murderer
had been drinking on the day OF the murder.
Magoon denied his guilt to the last.
The Pennsylvania and the Lehigh valley
coal companies have advanced their miners
wages.
Washington E. Hall, a New York city in
epector OF election in 1878, who failed to
append to his returns specimens OF the ballots
cast, thereby acting contrary to the law, has
been sentenced to eighteen months imprison.
ment.
The town election in New Haven, Conn.,,
a few days ago, resulted in a victory tor the
Democrats, who elected all officers by ma
~jolities ranging from 500 to 800.
The SEVENTEEN birthday OF Oliver Wendell
Holmes was celebrated a lew days ago by a
banquet, at which was present tho most nota-
bic gathering Of literary men and women ever
witnessed in Boston. AL the prominent
writers in the country were either present or
sent letters OF congratulation. At the BAN
quet DR.. Holmes read a poem, and poems IN
his honor by Whittier, E. G. Stedman, !. I.
1rowbridge, C. P. Cranch and Helen Hunt
were read. Addresses were delivered by
President Eliot, Of Harvard college, ". D.
HoweIls. editor Atlantic Monthly, Mark
Twain, J. W. Harper, Colonel Higginson and
olhers.