davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-07-28
EUROPEAN FINANCIAL MARKETS.

Ioxpoy July 26-Tbs EtOnOHft says: THE rate Of dis
count for bank bills. U Eree months, Il
Cont and Tor bills sixty days 10 three mOuth a.
favorable weather ana The African
t'c Stac Fvchlnge Spectators have shown eagemes
40 ose accounts fan. Ine condition OF the market Is
readily ObtanaOie upon stock that
OF prices would probably result from
a,nt revival trade Improvement OF harvest pros
Indian Governments close firm. IN
vauce of per cent. Cape Good Hope Ia per
o.gc per Foreign Government stocks quirter
~ rptby with the Continental bourses Egyptian securl
IL are unchanged the others have somewhat relapsed bn
Trazan and Hungarian are nrmer better In
iTv nas able United loans, The per
viurcm,qts Al a when money l. exraorninafy cheap
- ,Icult % invest Canadian railway stocks duL
there nEye been considerable Auciua
49, and Inc deangs what Albany
S,ebanna Jersey Central income bonds, Central
california and oregon, PerkioHen and Philadelphia
TeadiDg Isl. advanced 10 per cent Phiade
ma nd Reading Railroad shares are also IN rather more
quest ,.,-.ot. o-rs o.. 80. -.
Id the account. T.. bonds. four per cents. lO5 Now
lies lG5as; Railway shares. - DO preferred 53ia
A. ne II cOuu cOuaols. 7S't; KfailLg Railroad, 2Us
LONDON, July 23-2 b. u.-L =. bonds New lives. lOj
Paris quote three cent rentes al e2anc 10
times oT the account
T0gIOs Iulv 96-4 p. m-Psus quote three per
cent rru s. francs 90 confines for the account Reading
1870 Juy 2G5sO pnThc rate Of discount Tor three
months ns open market s per which lsd
Der cent below the Bank of England rate
IoNuOy. JuF ZG..lyer b. quoted al 5l1ls'i
PARIS, july 25-L1c1 auge London - fraGcs 81
times checks
BTgIIs July 26-The statement the Imperial Bank OF
Germany shows increase IN specie OF 5,56O00U maSs
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-07-28

The foregoing shows hat the capital and debt u tn
railroads represented the table SOS, OOl per
nile al the end SIS against S57 1876 mile az the
end of 1873 statement that y hardly cousistlnt
vim the following remarks 90 the publishers OF The
Manual: Another favorable feature connected Win
our railroads IL the reorganization Of tue affairs of
,rsst numbers OF those that mad become peouulariy
T1narrgssed Their reorganization has as RUE been
pou "A pan or scheme 10 reduce their lnteIestbea1ng
icurtties 10 a sum the interest which could IN all
,rohalIlitv be met by the accruing incomes, leaving
fividrnds on common preferred stock 10 be paid
Tie gross earnings per mile in 1873 we're S6.207,
AGAINST 7947 in 1873 and the net earuI $3.50,
,airst ~ 77J-a decrease OF S4Ol per mile the debts
rmaulug Unchanged, being incrf ased that reduc-
nn or uet earnings reduced the amount Of dividends
paid on from SlOOl per mile In lo7a - 1919 per
mile I'm 1875.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-07-28

marked buoyancy for the Wisconsin aud Michigan
socks and steAdiness and dulness for the remainder
of the list, a sufficient general Description
Of tO-day's stock market But for more detailed DE.
scriptior il NAV be added that the common stocks OF
the North western and ST. Pau Companies contributed
40 700 shares total transactions and closing at
their highest figures recorded advances OF and . per
cent respectively. Northwest preferred gained only -
and St Paul preferred closcd unchanged chicago 81
Paul and Minneapolis also gained per cent The Mich
igan stocks contributed II 800 shares 10 todays total
business. and also closed at their best prices
which we're advances OF s. for Lake Shore
and q for Michigan Central Tue remaining 29OOO
shares required TO make up the total OF ransacuons
were dis,rtbuted through the list no stock scor
ing sales to the number OF 1000 shares Louisville and
Nashville made further recovery OF lie per cent 10
55ls and Illinois Central rose TO 90 covering Of
short contracts. The other changes we're about
equally divided between gans and Losses, neither OF
which exceeded small fractions.
The market closed trrecular-exCted and strong for
some stocks, and dull and weak Tor others.
RANCH OF THR
rs reported bv the cold Stock rsiesr1Ph Company
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-07-28
HAVANA MARKET.

UAvkxA July 28-surar-owing 20 rum9rs OF an alteration
in the duties Of eertaiunds Of su5a 10 e unsn
arm adyancing Noe 10 10 Il D. = lG 3 reals gold pei
-ns.rs Nos 10 10 Zach reas MuHcoyado SUGARS CON-
inDn To Fair Bd6A reals Cent 5us'Is .s - w.
80 Sasnza1 300 boxes $4,000 bags and Jb5OO hds ke
'. - 30 ,ysek q boxes, 100 bags and ea- hhcs
g,.,ors during the week-6soO boxes. Loco bags ana
XII bhds Including boxes. hI1 bags ahd 100 hhus
", - T1if.d STATES spanish g0d. 2l3gH2lt. Exchange
am, on ths [ nit.d states "a days go ~ 9l0s premium
.hort night do lOdl II premium on LohuoN V-1@4 o
-,tru, On para az y premium
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-07-28

Good Ordinary


street Good ordinary lqlaisi MifdlinG =, .-ll y
Yesterday after .m-Auust Liza ll75. llSl notice
this week l79 LIS; september, llB9. l16s ILL., l65,
lltbt October 1898. 1887 1886 1899 1898, 10 81 No
yem1er lu6- 10 ~: Decembcr 1861 1884 1893 January
1870 total 1920 bales. today 10 m.AugusG
lLg5 llI2 III, lL70, iI6s. 1LG7 lL65 LOB n lst,
lLB ll.5S lf6I, llfS lst, ll62 1872 II 90 sep
40 Ll52 l53 October 10 ~ l0si 10 50. TO- lOslE
November 20 50 1886. 1857 lulE 1885 1898 bDecember
1904 l5j 1896, 1888. 1886 10 IS January 1903 1857,
1896 February. 10 g. 1850 81 0bS March 1888
total o. 800 bales grand total ~ 900 bles First CaAu
gust i7O; september, 90 ll55 October 1888 I0s6
November OJ~. 10 81 December 10 % January lOoS
total 400 bales second Call-August ll65 september,
llJ2t October 1854 December. 1880; March, 1908
total LOO Futures closed and steady
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-07-28

Some lew railroads make uJ report aud others have
MOI Vet made theirs FOR 1875 hence the following tIpe
rs uc1upcie and only represents the business or tLr
u1bar Of miles mentioned. uicId % That a the com
Dtues The gross earnings ui all rOads whose opera
mons have been reported have tGIaed $40 O3,36l
aain-t i72 900 272 for 81 Si97 257 $50 Tor 1876,
ami 5O3 O65 300 Tor 1873. Tie general result OF the
GENERATIONS OF our rlrOas iOr toe last elglt years Is
shown in the following statement:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-07-28
nnNfEsrIc MARKETa.

aryTAIo July 26-Flogg ann sales $50 ePls; Wheat beat
in hight milling demand soek o. sPIiIs ga"'s & T
Ter Amber quoted AZ q 70 Waite Nnsr o. UogS. %
Sc &c; No Western held az sosS1e haTisrIS1'9 an,
49, articles unchanged Canal Frelghts nrm Wheat
- Cor, and ave Data "A e-A n NsS-HOfk AalIFa@A
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-07-28
BANKING AND FINANCIAL.

Wall Street Is where money r. made rapidly You
NAV realize hundreds of dollars BY investing $50 IN
took operations through the reliable house of Alex.
Frothingham 4 Co., brokers, II Wall-st, New
York fheir WeoklV Financial AeyoTf gives tuI IN
formation, and 10 seut Tree.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-07-28
WABASH.

1873 1879.
rrir5 ,reel, NJ Julv.. S9D777 SlOL49l Inc sl0.7I4
In@ 10 July 2i2 GiO35S 22l269l I97655
HANNIBAL AND ST. JOSEPH
1878. 1879
~ ,r5 vveet NJ Jnlv 1870. s30OSG 81 376 Dec. sa7lO
isnuarv 10 July 2l..... 9g2335 Sl0.O75 Dec. G.2GU
The following - comparative statement by the Canal
Anditor showing the total quantity du tousl Of each
arIc . ceared on the canals from July 10 to July %
uru.ye and the total amount Of tolls received Oh the
same as compared with the same period in 1873:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-07-28
THE MARKETS:
TOTAL RECEIPTS OF PRODUCE
Per NORTH Rirer. Vessels and RaaroafG
SATURDAY. July %. 1870.
GENERAL MARKET REPORT.

AsHflS-Q Quiet. steady.
COFFEE-yld Grades dull steady sales Rio quiet
unchanged Ordinary Prime CargDes. II 9dl4aic; Fair
l3tc sales l3l2 bags ok Der NOr.' private terms.
tOlIoN-spots Declined isc; business small. the
SPOT $40 bales, which 100 last evening" all for
sumption Receipts ports 2o0 bales $50 this
a. H. male
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-07-28

Tho following is the Clearing House statement to-day:
Exchanges 81 1901; balances S5,632,9sj. For
Tie week. Exchanges. 494794741; balances % $50
G4S The business al the -uD-IrrasurY covered: Re-
c+Dts 81 4G5 S7O payments. Sl7,639 5l1; currency
balances $50 pa pa; coin balance. sl27 BOB
Foreign exchange continues very dun, with the posted
rares unchanged from prev i0us quotations
In London British cous0s were Sle lower at 9Ioe for
both money nd account Uuite1 bonds easier
new g. and As each declining g. OF Erie. and
ksL Other Americans were unchanged. In Paris
srench per cents rose 81 ~ and then fell 50 So
slga exchange on London declining to 2o3l tcs To- The
o A Berlin dispatch says that the Imper al BuuE II
Germany during the week gained 100000 marks in
The gross earnings OF the following railroads
uOred:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-07-28

CHICAGO July 36The DrJreTF Journal reports; HOGS
Receipts, Al head shipments, 300 head; Packers
doing nothing Mixed % iOdSJ 4oi Light Bacon 59lOc.
gher ANA good demand a. - JOdsi - Choice Heavy.
"CtTur-Eeceipts, 1900 head shipments ]. 100 head
Choice Heavy duil little competition Fair 10 Good ship
ping strong - tUGo - yu EuiCnors nrmer Western
ssaly: lusa Texans, SaU.S % colorado TEXANS 81 90
as3 ri; Texans "a shade stronger az ~ juaS2 IS.
-pPPr- Receipts, LOUU heau steady and IN.
changed. Texans. - fUi Natives, - IS.
81 Louis July 20 HOs6-hLTOug aud higher HorkerH 70
I4mgrc. ~ s1GS4 Cool Heavy shipping. % sO0sA 20
Rough s5asJ 80. sccoips l4OO head. shipments. 1900
head.
Heavy ~hiy.ug steer. - 5ias5 Jos Light, % 4uds8 %
Cooradn- - 6Gn-f bti Grass leran 81 Boa 80 70 70
oeIptA 400 heat n.pmrnts 1000 hgad
HHTr-Ssay ana unchanged ~ - 20 d43 80 for Fair 10
Cl.olce receipts, 800 head; shipments, 300 head.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-07-28
sATuRpAY. July 2e-P. N.


Although to days bank statement shows
the amount Of the total reserves TO be SO 695 100, and
the surplus reserves be 81 3s7 925 greater than they
were by the preceding statement figures nearly
represent the real of week ago, when the
statement was made up rising averages. Daring the
first part OF the week the banks lost currency,
later they gamers because Of the large dsburse-
nents OF the suD-Treasury, which for the week ex-
eeeded lis receipts S5,916,40l Tie present state
eDt also is made up rising averages and II Is prob
se that the banks during the coming week could lose
about So 600 COO ana the figures Of next weeks state
fnent not be materially changed from those OF the
ent statement The new week begins with gain
10 TIE sub-Treasury balances OF Ss46,353. which
sum probably represents about the days loss Of the
banks Loans were contracted, S2,137.2OO, and tie
local circulation was expanded $4,000 The figures
already mentioned permit increase OF Sl,o579C6 In
the deposits. But the deposits are Increased S32i6
500, indicating the receipt Of 81 68s694 country bank
notes.
Compared with that OF the corresponding date Of
1878 the present statement shows Loans increased.
s2l,95O6O0; specie increased, 1922. 600; legaten-
aers decreased 81 q 800; deposits increased S2l249
800 circulation increased. S1,47l,5O0; and surplus
serve decreased 50 pol s25 The tota reserve va,
E07gOl now IA 3O4g per cent 81 the total GepOsts,
esainst 1896 last week aud 3JIO f0f jay - ISIS.
Tic following the comparative totals u me last two
Week;
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-07-28
pprVTrvG CLOTHS MARKET.

FALL RIVER Mass. July 28.-The Print Cloth MARKET
has been more active this The productions Tor the
% are II 900 pieces against $1,000 pieces last week and
G OOO two weeks ago that the manufacturers are
making Tho spnners report the receipt OF
as from several places this morning
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-07-28

The only business done IN state bonds was sales ~
e1ue~see g. old 40 3d. and Missouri s. 1Ses, az lO4al
Louisiana cUnsOls without sale and quoted 3s4g
3sl2. go. .o-
Park to- al 100. 49,,
There wac "a well distributed business done in railway
bonds bu tine principal trading ~ Missouri, Kan
sa and rst COus0ls at from ~ u.s. ana seconds
from 81 n 10 80. Lehgh and NikesUatre cOnsul- adj
v,nced from 1O1a 10 S3 0s3 and seconds from 12 90
5gls. Rome WaerOwu and OgdrusDuIg hrsis rose from
C7s 0 647s0643 The Pacific road Issues were strong.
az Hi 40 was the general list
Money was M greater demand and the rate on m'scel-
aueous collateral Der cent, but at the close tue
quotation was 3O3l2. On Governments the rate was
aDout ? per cent The United states Treasurer ~
washington to-day received SAT- 900 in National bank
uores Tor redemption. The customs receipts were
S5a33I5 and the internal revenue receipts were
S3l5'qI1' The Treasury now holds S3j1, 2J7, 500
I'M United States bonds 70 secure bank circua-
tiou United bonds deposited for circulation Tor
Inc wee ndiug to-day, .936,jJO; United states bonds
held Tor circulation Withdrawn during me week ending
fo-d.v So SOS 45O. National bank circulation out
standing: Currency notes. 1923 431 ,6JS gold notes,
81 487 500 The receipts OF National bank notes for
dpmpOu tor week ending to-day, as compared With
tile CORES pOndng period last ear were as follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-07-28
NEW-YORK AND HAVANA DIRECT MAIL

These steamships san regularly at p from
Pfer 10 ID, north River. a. follows.
steamehip MOHqO CASTLE ---.... " Ed k-pAf Aug. .
5t.@nnsbp : N TIAGO DE- GU BA..--sArE tDAh AuEsl0
5omuoiatious unsurpassed For freight PASSAGE ~ %
WILLIAM r ely DE & co.. NO. 50 - A4lhaf.
Al
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-07-28
THE MONEY MARKET.

..,cr.1 EXPORT ~ v STOCK EXCHANGE SAWS
0'|1'4 SATURDAY JULY 90 1879
.sr-vortsa es the Geld and Stock Is.sgraDao'
GOVERNMENT STooBs DEPAfkkHNH
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-07-28
nAcIFIc MN. STEAMSHIP COMPANY.

II SAILING rom Pier foot Oanal-st. Norm Myert
For SAN FRANCISCO via L THMU- OF PANAMA
steamship 40 APU Leo. thursday. ulY 81, hoon
Connecting Tor Central and south America and dc1ich
From san Franc % Japan and emma:
steamship CITY OF ri. KING. Friday, Auf. J. holu
FrOm san Francisco 20 Honolulu NeWZeaiall aA' An"
49,,
Steamship CITY OF SYDNEY, ho9day AaSlst - NOON
For FREIGHT general information. Apply AZ company
Office, foot Canal-st. North RIVER
Passengers arded SAN tHANGlstO "a ~ - ~
ISI,ANBS JAPAN, CHINA NEW lt. ALA = ID y 81 IA,
LA SOUTH AMERICAN. CENTRAL AMERICAN ana
Pm tcke, or Information regard 10 routes apply 70 NO
Passenger r. ~, ~ t Pa Uncut W. III J. BULLAY,
GENERAL Passenger Agent gay .tiANontoAe-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-07-28

The receipts and shipments az and from Buifao 70
day are reported follows:
p.o..ota
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-07-28
TlHGrtlGl.
OFFICE OF TEE NEW YORK, LAKE ERIE AND
WESTERN RAILROAD COMPANY

(,AS STOCKS & City R.R. Horse and ElvFd
Sfocks 4 Bonds bought < sold. F.THEWIrr Brnad-st
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-07-28

IMPERIAL GERMAN MAIL. - Hamburg
4 American Packet Companv5 Lane tor PLYMOUTH.
CHERBOUhG and HAABU HO. =,
FlISI ......-.. Iulv 81 Il
HERDER...-.......Aug. Wtsl PllAt \ - w -
burg and an points ngand. cOaud and Wales; rlf,t
,oncv 40 q B. RICHARD & BJAS
an NHARDT 4 Co. General Plsscp Agents.
General gents, 81 Broadway, NeW-HOrk-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-07-28

Articles marked thus in the free list
Inc receipts OF -four grain at the principal Atlantic
ports mis- 26tn day OF July were
kewYOTk
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-07-28

THE NEw.YoRK NATIONAL EXCHANGE BANK
NEW YORK July %. 1879
ETH DIVIDEND.-A DIVIDEND Of
stsI THREE AND ONE HALF 3D. PER CENT has
been declared on cspal this bank able
anG after Angus /. 1873. G. b. OJICALI, CASHIER.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-07-28
TfkGn 5teImers

A advertisement FOR THE NJ w
"A YORK TRIBUNE WILL BE RECEIVED AT JlIs
UPTOWN OFFICES. No. LBS Broadway Thirty ,rst-
st. OF 3DN West TWeniy.tnrd-,f., corner Elght1aye;
No. 81 East Fourteen hist. corner UuOn-quare 100
Third venthst; az the HARLEM OFFICE,
No &,2si ThiFdaye fourth ~
arem Savings Sank Buildlng, up 10 p -, az regular
of ce
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-07-28
GENERAL TRANSATLANTIC COMPANY

A NENEhAlL llAA - 1 Ian ~ NVaAA ~ ~
VI BETWEEN WYORK AND HAFEE
Pier OF Company new No ~ North river loot OF Morton-r
Travellers By line avoid both transit by English ra-
way GscOmOrts Of crossing the Channel small
boat 1900.
LABRADOR Saug.er--..---.. WedneslaY July 30 D. m
SAINT la TRENT JOucla " fues,iay. AUG. IS
PERFITlE Dau ......... "Wednesday Aug IS. 1880
checks drawn credit Ly0nnas PARIS amounts sulL
LOUIS BERIAN, Agent. No. 50 Broadway.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-07-28

The following Is comparative statement or ihe eA-
ports Of specie from the port Of wIOTk Ia foreign
ports from January to July 10, for period OF twenty
eigll years
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-07-28
INMAN LINE. ROYAL MAIL STEAMERS

FOR QUEENSTOWN AND LIVERPOOL
CITY BL.lsLI% Y Ana. :, D. N
Ci.~Y OF MOS rREAL.....TIIU SDAf Aug Z. $50 a
CITY + r. mon .------> Il hDAi, aug TO- . p N
CiTy an CHESTER .....SA1URDAI Aug. -. ESQ a M.
CITY OF RRUSS ......iIU it-DAl, Auf. p. p NJ
- From pier 81. y. r.. loot oil Charlton -.
CABIN, $50 and 300. Return tickets on LYoraos
terms. 49,. ..,---. -.
Saoous sfate-rOOms smoking ana bathrooms amidshps-
Tle-e steamers do not carry cattle. sheep or pigs.
\ IA y A. B 80 Brood ". ".
New-York tribune., 1879-02-04

HE MUTUAL LIFE.
THE NEW PLAN OF THE MUTUAL LIFE INSURANCE
COMPANY TO BE INVESTIGATED By TIE ASSEM-
BLY JUDICIAKY CnNNIIrEr


COMPANY TO BE INVESTIGATED By TIE ASsLM-
BLY, JUDICIARY COMMITTEE.
lBY TELEGRAPH To THE TRmUNr
ALBANY, Feb "a stream of light came ont
Of all the great windows OF the Capitol tonight be-
tokenuc night session Of the ogslaure. within the
visitor found the Assembly Chamber very brilliantly
lighted most OF the members present and the lobby
and galleries crowded with such OF SPECTATORS
the room hts never held before Many
ladies' were present upon the floor OF the
Chamber, seated behind the members chairs. The
throng due to belief that there would be inter
IS ns debate on I--oiutou in-fruetiug the judiciary
Committee to learn whether not the recent action OF
the Mutual Life Insurance Company IN Offering rebate
~ 20 per cent 20 polcy-'o EZRA Is legal The de-
hatr proved. however very cu. NJ. sloan opened it
by Offering substitute 10 the resolution, making n
mere In harmony with the preamble. NJ Grady, - New
York then in speech OF considerable length, argued
that the Legislature was not tie Uroner place M
which To nge-tigate the new policy OF the insurance
company, but that the courts were. Mr Hustled said
that OF the fact that the Mutual Lite Insurance
Company had charter fsom The state, and therefore
wds subject especially 10 its authority and bccau-" II the
company did not challenge the br'ad.,t Investigation,
outsiders would say that admitted the charge made
AGAINST it, he was in favor Of pa iuy Nr -olGs sub
situate Tho company invited the closest scrutiny
aud investigation While he had claimed that
their NOW policy was il4t cnd LEGAL and
cquta 20 and wHl.e ne had resented the ir7inua,ogs
uttered concerning the trustees manag cement, Z" had
Lcy,r acL.cd the r.t OK the LEGISLATURE 10 make H.
veegsuon. He would therefore ask hat the substitute
be passed Mr. Knowles, -ild that IN h- opinion the
policy the Mutual WAS pcri.ctylesl. Nj Terry said
that while he could not have voted 0l the 0rgl rcso
luton declaring that the company had been
u'elSualed. De could caeer.uly vote for Mr
Hlo'D's substitute. Mr.. Sloan sad tlat he
iui0 'TCd from something Mr.. Grady had sad
y. the attcr th'u-LC tho substitute Vas ohe.c f1r
= purpose ~ a--dll,nZ tn NufHl Coap.uyi = .D,
b., would O.. -, aim any -uCh intention. lie had gety
hoard hat the company was ready - appear before
legislative committee and explain its new plan. Large
lullcy y-noiJ-rs might, indeed. carry th"G CrlrY-
aEcc- before the courts, but the average policy
holders could not get redress n this way.
Poor pocy-hOlders could be- fought on by rich corp0
ration and seemed lht Thar the LelS ailIc az
thc couscrr.tor ~ the people rights should interfere
IN tho matter. Nr SlOans substitute then passed
lr q uHsIEous vote Thu, Is the most Important work
that the judiciary Committee have mad before them this
session.
New-York tribune., 1879-02-04

of NewYOrk asking for the investigation, was read at
the request OF Mr.. strahap. It's as follows:
To The Honorable Senate and assembly Of TIE STATE NJ
Ncr-IOfki
The undersigned residing or doing business in the
Cities Of New-NOrk and Brooklyn, most respectfully
present to your honorable bodies that many rerpous
Die persons familiar with the facts assert and believe
that the East River Bridge # completed on the present
plan Will Obstulct tre free aud common nav
igarou Of the East River. and. while It shall
stand, Will be serious obstruction 70 the commerce oi
York and to the rowtb and prosperity Of thar port
the commercial centre Of the Nation and especially Of
thls state IN Violation OF the law uulrr Wlch hr "tA
was authorized and further assert and believe that
II cannot, according 10 it, present plan Adequately
TWO Cities ~ NeyYnr and Trookvn Al an times as
qured 10y charter and will not he auy substantial
benefit To either OF them, while II w reduce 70 iargr
extent the value of property upon the East
River IN both Of the said cities, thus materially
diminishing the t'xablC value of ne property
and the taxnaviug ability OF the people within these
cIes that this bridge as now planned. viii add tla
20 the facilities or communication between New" loFh
and Brooklyn; cannot provide for more than a small
constantly diminishing with the growth Of these
count of its great length; cannot he properly
stayed ANA protcc ed AT it. reat nc -it against the
violent winds that are frequent n that Locality ana
cannot according 80 the puoi>hcd statement oI the
hu' small part OK The strain liable 70 put upon il ;
that this Wink, now being carried forward; is IN
mons Al. 10 its cost Fixed Dy li, Legislature
aid n permitted 70 be completed according 10 tie pres
TIE limit nyrd bv Law for comp elton 20 the already
Il-upuorable burdens OF these cities. Ech must
Doe avn oy taxation from thelr people ana properly
wi'huU- any currt p0u !inG ads .n't-" fo them.
Tor these ant many uttcr reasons tie UEdD re-
specially a-L tie Honorable Lea stature tDdt commit
t- De apponc rom y0ur either ot tlcL' To m
qure INTO the truth OF the aic cations aud Sate!neis
Urrcu contained, and especial whether ana To WI'l
extent ue bridge Will obstIuct the commerce OF the
Port or NcV-lOyk and dam1.e or diminish fhe
value ~ property within .aid cities; the c1irud ure
already ioh"d end Che probable cost of nplcting
me Wok according 10 the present plan, ;nd any othr
ut,cr~ pertinent To- enable tic IL stature o t4A such
az non ~ reference '" iAl W"I, a. ne lL'o E'l anu
the Interests 81 the people of Newly or and Brooklyn
aud uf state require such cOmmirte" 20 have
power 10 send for persons and papers, and take cN
d 40 y ~ York 3 0ob Do. and to report 20 thS
Legislature talJ practicable at its present ses-
sion.
The mom..il IS sgI.ed bv some 200 of the vca!tAcs
citizens anu business men Of Nrw-lo X