, 1881-07-16

Western unlun Telegraph CoInpany from
tho isstle OF 3t5o0o, coo Ut scrip md tho pay
ncnt 0i tllv!cntls tl,nre0n. Tho injunction
IL rslttrnabp ut i'nughkeepslo oil tho E'd.
kliHwledge Ut tho injunction reached tho
asrust n llttia before II, ntld cn,isctl speeliy
decline iM Western Unioh slOuks. Various
r,llnors wuro circulated, md tic truth
wns luarnon with difficulty. fl'u Injunction
seems 10 10 continuation Ut tie Will
Inns stttt whlcl. wits suspended by the
rcfssnl OF Jutlgn 1'rllnx to grant a perin!l-
nent Injunction. Mr.. Van Siinack says l.u
knows but ittto OF the matter, nn,l tint It Is
Mr. Williams affair. Thu 0a,lhf0h Ut thu
street niprars iu he Tint 1t will amount to
not'.!n1, nlld was obtained to lepr0ss tho
stock. Some Intimate tllnt =
slts. HOIi.n HAS 4 ifANn IN IT.,
but this IL tinsNhstanttatctl. Tho Western
Union ullco was crowtlei with people In
seareli VI 0ttltylenls, WHO were paid In checks
OIL tho Union Trust Company, which
refuses 10 ho,lor them when presented.
Tho slecliNe to-day has given thu bears co,,il
doncc. Mon who wer9 bulllsli yesterday are
now PRONOUNCED btars. They say there can
lo 10 permanent ndyancc, but tint tho titnr-
kct may be ifltlch LOWER. Il sagglnE process
will carry PRICES down from 10 to ~ per cent.
Thu hileg9it crop failure has itY utrpct, nitl
tic fNcs tint prices nra now lligI, 4 still
grcuter one, It's III Intelligent lnNtl would not
nnw buy f.,r IN n.lvalicu. They must ,le-
creast, II gyent dcal buforu cartolts Investors
will purchase. IL nn convinced" sntl a
rruu,inent broker this morning, "tl,at the
lnlNton sltuation Is MI especially ini.
portlnt fact0r III tho present market. l l,l-
lieyo tlat tl.e holders Of A1uDrEcun SECURITIES
have soltl nloro than they should, u1ld that
ks.l
baen pleased io sao ti!e Iiarket go lower, SO
~ to obt'llii lnttGr basis. but think tint
Is past hoping for"
cI,i'Wc1stSta sEcisErA1sY WINDOW.
Sreakins .ot tho. tY0rttl'a statement that
Sccretary WI,ldum lind bGe0 oilgagatl III sg-
Encttinv Post suy8: "EnrIy III thU wtek the
| Unitett StAtos Assistant Treasurer lisre re-
g9iyesl finnl Washington y certntn nnlount Ut
United Sta!es 3 per gent extended bonds
ut tho 1ntlinn tr,,st-fl,r.ls. y part Of these
builds ll,lvu Jee,, solsl, atd tho remaining bal.
n1lcc nra tho. subject Ut negotiations now
pcnding It Is!ts been enormously supposed
TINT these llOlltls hrU sold by urler Ut tho
| Secretary OF tho TREASURY. ,Yils fact Is TINT
\ they are merely hell by the United States
Treasurer ns custodian under tho act Uf Jllnb
10, lSitl al'a arc subject to tlse orders ot tho
l1ie fund. Tiere In, therefore. no pr0prtety
cR1r1clsrSG THE SECRETARY OF TIE TlsEAs-
/ ulsf
for an act Which, whether proper or tn,pro1>.
ur. .IItl llAt Ut another oll!cer Of to GUyurit-
| Mluht. Moreover, these uUiltis nre not suIl
for tito ACCOUNT Of thu Government, It's gold
was formerly sold, hut nre utsposGu Ut for
tho ACCOUNT Of spec1nE trust, tho trustea Of
w!llell tsaAn officer ut tho government GelE.
lltIlouse Informs us t'lat frequently during
tll1 iilaty. years ~ Which 10 Illus liuA tito
oi'lcu of United States Assistant Treasurer,
| lle Ins boug,t aid sold l,ottts for trust funds
50 TINT t1l!s sale Is in its method ncttItet
noysl nor sxeeptloual. Wlethor It would
Mot he %all to l,1yc tlIe purchases t.,'d sales
81 hnntls fur trust funds, wlierc 0Itiocts o1
tN Government !nppo,a y lis tr'lstees of tlle
funds, pit On tho sa,lo foHtl!ig 0f publicity
III MI. purchases a,at sales of bonds for Til
consideration: Undoubtedly It Is q snfc rule
tlmt Tue greater publicity given to all trails
tho bcttor."
0oULn's NOTE. g.. .
New Y0nK, July i5.-Th1 following wa!
sent to the newspapers here Tonight:
In Wow ot tho serious tnconvenencu 10 many
persuns from malicious md ycxAttou8 Suits
lHltnst tho Western Union Telegraph Company
] have arranged with tho Mercantile. Trua
Of tho Western Union Telegraph Company III,
amount ur tile1r dividends ppyable this ta]
upon hssiYltuacnt tO mo, ut tue ottco Ut aafi
Trust Comp1ny, Of thoir right. 70 receive th
annG, = Jay. GQuLU.t