Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1880-02-23
PASSENGERS COMING WEST BY RAIL.
Further In Regard to the Diabolism at
Claysville, Pa.
DOMESTIC NEWS.
California Capitalists Flocking to New
York.

DOMESTIC NEWS.
California Capitalists FlOcking to New
York.
NEW YORK, February 21st.-The Times to-
day has nearly column on the movements
of California capitalists here during the st
two weeks. Californians of wealth have been
hocking to New York in squads, and citi
zen of San Francisco visiting the Boreel
building on Broadway might almost imagine
himself in his own city, in the Stock Ex-
change ON Pine street, so many familiar faces
would greet him. With bankers leaving San
Francisco to establish themselves here come
many clerks and secretaries who are to take
charge of Offices as soon as they are estab-
lished. That the movement is a genuine one,
and intended to be permanent, is evident
from the energy with which it is being prose-
cuted and the money behind it. With the
proposed Mining Stock Exchange is to be asso-
ciated bank and clearing house for mining
stocks.
Several meetings have been held during the
week of parties interested, and considerable
progress has been made in arranging for the
formation of a new Exchange and bank. They
adjourned last evening, however, without de-
Gliding upon any absolute plan, although a
minor details. One of the features of the
new Board will be that no responsibility for
expenses of the management of the new
mines shall be incurred by members, each
seat being simply license affording all the
advantages that an Exchange can afford.
1t is proposed to sell the first 500 seats at
the following rates: The first 100 at 81, 900
the second at $1,000; the third at 5000
the fourth at Sc, 900; the fifth at $40, 900. 1t
is understood in mining circles that the presi-
dency of the bank has been rendered to Mil
ton S. Latham. None of the gentlemen
comprising the committee were willing to
vouch for the truth of the rumor. Georg g
d. Roberts is one of the principal movers in
the new scheme. He says: The gentlemen
engaged in organizing this Board here did not
propose to wait and be buried in the ruins,
and when war was made on the great industry
of the Golden State, they gathered their
household goods and came to New York.
The result will be that all the good mines OF
the West will in a short time be organized
here. This city will be the headquarters and
distributing point for the mines of the coun.
try, and the management of those of the en-.
tire Pacific coast will come here. He stated
that the object of the bank is to facilitate
the purchase and sale of mining stocks and
to that end we must furnish as much accomo.
dation as has been customarily given in San
Francisco. The banks in this city do not
recognize the mining stocks as good security,
and refuse to advance money on them. The
result naturally is, that the sales are small.
We want to accommodate the men who
want to buy mining stocks on a margin.
As it is now, mining speculation is strictly
cash business, and it must remain SO
until some bank is found willing to ad.
vance money on stock and buy and sell on a
margin. The money realized from the sale Of
seats in the Beard will partially constitute the
capital of the bank, but we shall undoubtedly
add to that as occasion demands. Forinstance,
1 have good stock which want to get on the
market. l can deposit certain sum in the
bank to be loaned on account of that stock
and used as a margin for those who wish to
buy. In this way give facilities for creating
market for my stock, and | virtually add to
the capital of the bank, whatever that may
be. / wish it distinctly understood that we
have no wish to injure the old Board
| cannot tell now what mines will be
listed in the new Exchange, but every one
which offers will be carefully investigated,
and will be excluded unless we know it to
possess merits. Nothing but properties Of
value will be placed ON the list. Neither
Board nor bank will be run in the interest OF
any clique, and the fact that a stock is worthy
to be listed in the Board will entitle it's holder
to any favors from the bank in the shane oi
loans or margins. Several hundred applica
ton have been made for seats in the Board
including many New Workers as well as Cal
ifornians.
Westward.BOund Passengers.
OMAHA, February 21st.-The following
through passengers were on to days train
leaving at 12:15 p. NJ. to arrive in Sacra
mento February 25th: Miss Mary C. Miller
Boston j. NJ. Davis, Davenport, la. G. L
Harwood, Springfield, Mo. Mrs. NJ j. Por
ter and three children, New Orleans A. G.
Cleveland, Nevada; L. G. Grant, A. HIM
San Francisco; j. Ohlwiler, Colorado Il
II. Burr, Boston; E. S. Stokes, New York
George r. Ada, st. Joseph, Mo. {; Miss o
Austin, Alaska.
seventy-two through emisrants left on las
nights emigrant train, to arrive in Sacrament,
February 2Sth.
General hoynt0n vinsiica:s Himself.
CHICAGO, February 21st-A Washington
special says: General III. V. Boynton, in :
letter to the Post, states that the facts upol
which his review of General Sherman's Me
moirs were based were furnished him by
Grant through his then Private Secretary
General 0. L. Babcock. This review, basec
upon these facts, vindicated General Grant:
military record on points where General Sher
man had done him injustice. Recently Gen
eral Grant had taken to praising the " Me
moirs" and maligning the review, and conse
quently rejecting upon the reviewer. In view
Of this state of affairs General Boynton an
nounces the source from whence his informa
ton was derived, in order to vindicats him
self.
A Young Ficnd's Diabolical Work.
WHEELING wv. Va.), February 2lst.-Tht
facts connected with the incendiary fire a
ClaYsville, Penn, reciting the particulars o
the attempt of young man to fire his father
house, mentioned in these dispatches las
evening, are augmented to-day by fuller re
ports from the scene of the occurrence. Jane
Worrell, the son. and perpetrator of the un
natural crime, was studying for the ministry
and few evenings before the fire led a praye
meeting. 1t seems his desire for money hat
become mania with him. Some time pre-
ceding the fire he stole several of bis father
sheep and sold the pelts, and then innocently
helped his father search for the sheep. A
short time after, the house was robbed of sew
eral hundred dollars, James claiming to los
50 by the robbery, to blind the folks. It i
now learned that his five sisters were locked
in their rooms, and after the house was set OF
fire by james, one of the girls escaped ant
fled to warn the neighbors, who arrived il
time to rescue the rest of the family. 1t i
stated that yolrg Worreil tried to poison tn,
family some time before. The young mai
then escaped to Ohio, assisted in his flight b,
his father, who through all has tried hard t,
shield his son from the indignation of hi
neighbors.
Suicide CT Murder.
Boston, February 21st.-Henry Orpen
keeper of a boarding house at % Florenc
street, learned tonight that two of hi
dodgers, who had roo1ned together, had beer
missing eight DAYS. He opened the room
and found Z. G. Marshall, one of the missing
dodgers, dead upon the bed, with a revolver
in his left hand and bullet-hoe in the righ
side of his head. In the room lot o
burglars tools were found, also seven cruel
bles and number eff precious stones take
from jewelry. The police believe murde
was committed in a quarrel over the spoils
The stones are thought to he portion G
those stolen from Geo. III. Norman's resi-
dence ON Beacon street, on the night OF tn
11th instant.
Nebraska Indians Peaceable-sittingB Bull
Followers Getting Hnnsry.
OMAHA (Neb. J, February 21st.-Dr. McGill
cuddy, Agent at Pine Ridge Agency, wher
there are 7,000 of Red Cloud'e Indians,
here, en- route to Washington. He report
everything quiet among the Indians. II
says messengers from Sitting Bull state ths
he is in great need of food, buffalo having b