, 1881-11-24
Bankers and Brokers Indignant at the
Action OF the lnterna1-Revenue
Commissioner.
The Story Denied that the Won
Steubens Want t)lc Old
BarOn's Estate.
a Meeting to Raise Money to Build
the Pedestal for the Bar
tholdi Statue.

Tho National Tariff Convention, and
National Currency Based on
Silver mud Cold.
Railroad Tickot-scalpe1s Much Exercised
Over tbs Arrest Of Phila-
dslphia Brother,
NEW STOCK EXCHANGE.
THE SCHEME MUCH TALKED ABOUT AMONG
BROKERS.
'spteiai Dtspateh to The Chicago Tsioune-
NEW YonK, Nov. a3.-'rho scheme for a
new Stock Exchange Is today much talkcd
about among the stock brokers n1ld their
customers. It certainly has tho backing Of
strong nallles, ind, II evcl, only the specula~
tive capitalists who at present control the
elevated railroad properties are really inte-
rested In tic mattcr, 1t may become subject
ef concern tn the present Stock Exchange.
For, taking tho year through. n good part Ut
the business OF tho present Stock Exchange
is furnished by these capitalists, their
friends, mid followers. In fact, they
make more speculative opportunities In
tho stock market than five times
their nnniber Of any other railroad managers
or speculators. Whether, however, the pres
cnt demonstration III fAyor of now stock
exchange Is any moro tlInn q movement to
bring pressure to bear oil tho present OK
change III tho matter Of questions before tic
hitter IL to be seen.
TIE PRESENT EXCHANGE has SURVIVED
SEVERAL 1sIV.AL ORGANIZATIONS
Which from time totme have sprung up, but
70 ono of these ltas 9d the influence 2r eap,
orgauizaslon Which is now proposed.
denounced by some OF the .nenbers
Of tic present exchango and {ridiculed by
Ing and speealating public. Cyrus W. Field,
ptise viii NEED 4 eapitai ot s5,ooo,Soo, md
adds further: !" We shall have II clearing
III 1.ondon Our Wall street system II ab-
sata!y lnconvonlent and unslfe. Our bnnk
WILL llnye capital Ut at least $4,000, ,000.
Then the safoty vaults In tho basement will
THE LARGEST IN THE COUNTRY
ana tho safest. All our brokers will keep
their securities there. and people coming
us, T!!ere will he Offices for 1000 brokers Ii,
h!ah. Il We begin work. at once, which We
Shall probably ttn, we cn11 move iii by May,
lssa ani tho Battery will then be the money
centfe OF Gln city.
M1a, DHAiToN 1vE12a,
ex.pres!dent of tho New York Stock Ex-
chAnge, OF which liz is NOW n very pronil.
nsnt member, says tho real cause 0f this
NOV movement Is the refusal OF the Governing
eeMnitten TO comply with tho request Of
}n,sss.+ }n'essss: Gopl F|eltl, and sage to force
!osd to Accept what nro known lis stnmprd
certificates. Thcre llaY never been moro
auGaelnaa 999 md lIliQnituMs scheme attempted
n Wall street than this. These luon hor-
~ per cent dividends sonltl bo
pa!a, md ono Of tlienl-Cyrus Field
@ Tas narty to that guarantee. They then
cIose!! the books without notice, voted tint
Snt, md then stamped upon tho certificates
,uey laN borrowed the false statement TINT
Me nWner Ut that stock assented to tho
Suesa pe4 eet taEttsemGt tnstnn md cosento4 to take
ne Stockholders WHO Ind boon 10 treated
REFUSED To 1,EcE1vE STOCK
e!eafIng snclt mn. tndorsement. and ma
tarally the Governing Committee being COM
%sta t%stE t.t OF honest men, supported tllnm In
M@1r, Ms1l fet!'snl t Ever since that tho papers
oss!n ossn !ntulEinr III criticisms Of the Stock Ex-
sSafss ana,s: thess men arc alsappointsa and
Wy Ma psrfect tho reorganization Of the Eio.
x,aied ,a!d rontls without consulting the stock.
ss"us' then thoro Is MI absolute elld OF all
nsSaa!y nouaF S n railroad stocks, e.ld an era Of
ls ns eT =, friends, WHICH Wit mike lls I'D TX.
aoceut boy, @''>~ '1'O ~&'@ 10 ~ "'' Az
TALK IN THE STREET.
70 tho lTt.tsrn Asaoeiatsd Isftta
sNdE." sME" io1sK, Nov. a3.-The n,embers OF tho
Es elaIls rss'rnge rEx'e,ange aud operators gufta gun
Gon,etai''. G,ei' SEEMED Inclined to laugh ut Jay
5 efSsss jay fs Gots rP 9pRSs es
ti1aa, tnsl ~. tentlGe my of TIC old nce of Wal
lie Ss,l S.alo y. Dmyton Ives, ex-l'resItent Of
As rea, cpuse K fffiIhiGEe ~ iIi1 sald yesteEay:
tIial W;,al Y tho Governing Colnmiitco to compiy
iores u's shs request of Gould, Field and Sage to
letropodiiiiunl dii lrnqMssnt Ma.f stoekAol.ers Of the
Iasse has never beon ituro oui1ann''s a,
t9uti1Sns t9cet ibas ,rs scheme attempted III Wail
bestltnsno blt soaa this. These men borrowed stock
Tbsuys ME baied. H. q party to tllat xnarentaa. m %
yoted HIT s, ca!ossd y! the books witlinut nntice,
perceni I'M nv M'1siaehtas should ba reduced to
thats they had borrowed iajsa t,ta at't",omt Turt
nlohids1;,o owneFs Ut tho stock assa.lteI Il, liz
ercrnt ns,aae,iI n,seile,'l allu consented to take
the stockhoiisS;aaaa ol ~ per cent. Naturally,
tefass q reeays Sho bad been 90 treated
camssnt and as natra|Iy |I" tl,g Govsl. esSit ~
%sa saies sapportesd thag tbhslng = tsoapSsed @ e less:!
seofeanza'!tn9yy o. o1t tIs scheme and puriect
asoutts s, he stockollers thon thsre tHJut i t
taocks, anft ~ a. VI ~ security III rn1!roaI
81 eoi1naaa a aay fss inan q purity ef ms' Vic
lei ~ atotrls l. Essex or anv nttar Ut G,l
ofisessttoo1;,w which i my Iu lid y'i by i.!sreas fa
slosa ia IT, Rat stock In their own ,,nInus.
ast.adozesu9 eu9Ks ,4s,, ana, ss, BY simple vote of
Mares, re1i1cn Sis sa wmo ~ pet own u hundred
~ stock Iio1apsl I" hepartles who loaned tIauit
Tia i;nvaaeo ~ taku It back at u,. sn,"s n+Ip..