Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1882-02-22

II. u,
10 before Judge Sspulveda, in Department
Five, to-day. The matter was submitted
upon statement and points to be filed within
four days.
Immigration Association.
This afternoon the Board of Directors of
the immigration Association met to hear the
report of the Secretary of the work done
during the last month. The Secretary re.
ported growing demand for information
from immigrants already arrived, and fami.
lies, parties and colonies intending to immi.
CRATE to California from various parts of the
world.
The Proposed Trade Exchange.
Nineteen gentlemen met in the Chamber of
Commerce yesterday, in response to call by
President Patrick. of the Merchants Ex-
change, for meeting to consider the policy
# establishing in this city an Exchange, on
the basis of those established in Eastern
3ities In answer tn an invitation to speak
by MIR. Patrick, Il G. Sheath said The
merchants of this city are not educated up to
doing business in an Exchange. They pre-
fer, he said, to run about town and barter
and dicker all day, instead of meeting to-
gether and transactipg business in an enlight-
ened way. It is doubtful, said the speaker,
if the present manner of conducting trade
viii ever make enlightened business men out
of San Fra cisco merchants. This present
system only educates business men up to the
level of sharp practices. Each merchant is
trying, in an demanded, roundabout man
ner, to make something cut of his neighbor.
Establish an Exchange, and all this deplor-
able manner will be wiped out.
Mr. Hory, the next speaker, said the pres
ent system is responsible for the existence of
merchandise brokers, half dczsu of whom
sometimes make profits out of single order
from merchant. Such an Exchange as Mr..
Sheath wants would relieve merchants of this
tax.
MIR. Morse explained how the wheat Ex-
change was established in Chicago. The first
effort of the Chicagoans was no more success
full than had been Mr.. Snesths in the Mer.
chants Exchange last week, but in Chicago
the idea had been taken hold of by some
young merchants, and it was now at once the
pride Of merchants, the boast of newspapers
and tho sorrow and affliction of st. Louis.
A. II. Lissak, ex-member of the Stock
Board, and interested in the Produce Ex-
change "call proposition, being asked his
views, said: 81 really do not think should
be called upon to give you any advice on the
manner of starting a " call Exchange in con-
nection with the Merchants Exchange. but
as have been asked to speak, take it for
granted that you want to hear my views.
Well, then. don't attempt to start
another Exchange, or graft upon the Mer-
chants Exchange the cali system. It
would be unnecessary, iuexpedient, unwise
and unsuccessful. The Geld is already fully
occapied. The Stock Exchange supplies all
the wants of dealers in all kinds OF shares,
and the Produce Exchange clearly occupies
the fisld of speculation in al kinds of pro-
duce"
Mr.. Sheath made long speech, ia which
he disclaimed any intention on the part of
the Board of Directors of the Merchants
Exchange to run opposition to the Stock or
Produce Exchanges. On the contrary. it
was the desire of the Directors that the Pro-
duce Exchange shonld take up its quarters
in The Merchants Exchange building.
Mr. Vonammon objected to Mr.. Sneath's
attitude in this matter Ii his advocacy of the
"call system was simply TO force the Pro-
duce Exchange to come to terms, it was I'M
dignifed and unworthy of the Merchants
Exchange. If he wanted the Produce Ex-
change to move up TO California street, the
proposition should be made openly.
Mr. Sheath thereupon Acknowledged that
he really should like to effect the removal of
the Produce Exchange to the Merchants
Exchange BUILDING, and moved an adjourn
ment until Thursday afternoon at O'Clock,
hoping il the meantime to hear from the
Produce Exchange. Carried.
ths
Track-lsying commenced yesterday on the
Southern Pacific branch from Mohave to the
Colorado river.
Board of Supervisors.
a special meeting of the Board of Super
visors was held this evening. After ordering
all the sewers of the city to be flushed the
Board adjourned until next Tuesday morn
ing.
Entirely Solvent.
The financial condition of the Nevada
Bark has been examined by the Bank Cum
missioaers, and found to be entirely solvent.
The Pigeon Point Case.
day Judge Sullivan commenced the
trial of the well-known case of Loren Coburn
vs. Charles Goo tall ct al-an action to re-
cover $40, 900 damages for net delivering up
the possession of Pigeon Point at the expira.
ton of ten years lease. In the dispute as
to the proprietorship of this property man
known by the name OF "Scotty" was killed
at the Point in July, 1876 The only witness
examined to-day was the plaintiff.
VIII Not Parade.
The ish-American Benevolent Society, at
its last meeting, resolved not to parade on
Saint Pstrick's Day.
Delegate TO Washington.
Captain W. L. Merry, having been ap-
pointed by the Board of Trade as 8 delegate
to represent that body before the United
States Senate and House of Representatives
| at Washington, TO urge the passage of the
Maritime Canal Company of Nicaragua, will
leave for Washington during the ensuing
week.
washington's Birthday.
Tomorrow will be duly observed here as a
national holiday. There will be the usual
parades by the military companies, and also
a review of the brigade, as required by law.
! Secular business will be generally suspended,
and the public schools closed. In the even.
| ing a Washington Grattan centennial cele.
bration will be held at the Metropolitan
Temple Hon. L. P. 0'Connor will deliver
the Grafton on the occasion. There will be
several balls given during the evening.
BOY Drowned.
A lad named John Connolly, aged five
| wears. was drowned this afternoon near the
West Oakland planning mill. His body was
not rec 5yered.
Anff.Chinese Meeting.
Alta meeting of the Trades Assembly to-
night it was decided to appoint committee,
consisting of one delegate from each trade
most direc ly affected BY Chinese labor, to
form bureau for advertising throughout the
States and Territories the names of firms
manufacturing with Chinese labor.
Health Matters.
At meeting of the Board Of Health to-
Light, the Secretary presented report show
ing that during the past month there were
SIS deaths, 325 being males aud 1913 females !;
Caucasians, 1858; Chinese, AZ; Africans. s..
There were 80 cases of SMALLPOX reported,
out of which only II were verified.
Young Woman Assaulted.
This evening a man named Dominic Ronev
was arrested on a charge of making deadly
assault on young woman named Lizzie Nell
SON. Miss Nelson claims that Roney came
into her room, and, after locking the door,
made an indecent assault. She made an
outcry and resisted the indigni'y. when he
drew q knife and threatened to kill her. To
escape. she leapsd from q window to the