Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1882-03-09
IsrEclAL TO THE RECORD UNION. !

SPECIAL TO THE RECORD uNIoS.l
SAX FRAScIsco, March Sth.-The commit
tee appointed by the San Francisco Stock
Exchange to consider the question of starting
wheat deal has reported. The plan is TO
organize new association under the auspices
of the Board, to be known as " the San
Francisco Grain Exchange" This organiza-
ton is to have membership of $50, its own
officers aud directors, its own caller, and be
entirely distinct from the old Board, though
change shall meet daily at 1:30 P. NJ. The
report is accompanied By set of
proposed bylaws, in which rules are
laid down for the transaction of
business, together with proposed forms of
contract for future delivery. Among other
things, the bylaws provide that no fictitious
or wash" sales shall be made; that % cents
per GENITAL shall be the margin required on
time contracts; that two notices, one of five
days and one of three, shall be given before
the delivery of grain on contract, and
finally, that ten tons shall be the lowest
amount dealt in. The last rule expressly
forbids dealing in puts and calls" or any
other similar gambling devices. The report
will be discussed and probably adopted st
the executive session of the Board, to be held
today.
Silver King declares dividend of % cents.
Navajo levies an assessment of 20 cents.
Bank Clerk Arrested for Embezzlement.
San FRAScIsco, March Sth. - United
States Marshal Poole has arrested Charles
w. Fonda on war; mt issued by United
States Commits Toner O'Bairne, which charges
that on the 18th of last September, 10
the village of Constantine, Mich. Fonda was
a clerk in the employ of the Farmers Ma
tionsl Bank of that place. and that he had in
his possession bank notes OF the value Of
50 0G0 and United States Treasury notes
amounting to So. 600, all OF which he embez-
zled. The complaint upon which the war.
rant was issued was sworn to by Deputy
United States Marshal Dice of the Western
District of Michigan. It is stated that the
prisoner came to this city last October, and
has been known here under the name of Davis.
Premature Report OF Bcath.
San FRANoIsco, March Sth.-The reported
death yesterday afternoon of Rev. Father
Hugh Gallagher in morning paper, of pneu-
monia, was premature. The friends of the
reverend gentleman will be glad to learn that
he is gradually recovering from the attack
which has been enormously reported to have
eliminated fatally.
Charges Dismissed.
SAN Francisco, Marc Sth.-A meeting
was held today ny the Roarl of Fire Com
missiorers, for the purpose Of investigating
certain charges preferred against Superin.
tendent Samuel Rainey. The testimony did
not support the charges, and all were dis
missed.
The Produce and Merchants Exchanges.
SAN Francisco, March Sth.-A meeting
of the San Francisco Produce Exchange is
called for Friday, to vote upon the PROPOSE.
tio1 of purchasing the entire property, bust.
ness, etc, of the Merchants Exchange Asse-
citation, for q price not to exceed $3.50, COO.
Should the meeting favor such purchase,
the Board OF Directors will deem themselves
authorized to Immediately levy an assessment
OF $500 on each certificate of membership of
the San Francisco Produce EXCHANGE.
Remarkable Marine Feat.
SAN Francisco, March Ssb.-The British
bark Charles Colesworth, which has arrived
here from Liverpool, has performed the re-
markable feat of sailing ali the way up from
Cape Horn with only G jury or makeshift
rudder. When off the Cape she encountered
heavy seas, which carried away her rudder-
post The disaster rendered the voyage very
long, but the vessel arrived safely with all
her cargo intact.
The Chlidren's Friends.
SAN Francisco, March Sth.-The Directors
of the Society for the Prevention of Cruelty
to Children held o meeting this afternoon,
when the report Of the Secretary for the
month of February was read. From this it
appears that during this period &c complaints,
embracing 6S children, were lodged in the
Office of the Society. In 90 cases the officers
of the Society remedied the causes of the
complaints withou. the Intervention Of legal
proceedings.
Eighth Ward Republicans.
San Francisco, March Sth-The Eighth
Ward Republican Club held /. meeting this
evening, at which it was decided to continue
the Club until such time as the County
COMMITTEE shall have completed lis plan for
reorg anizing the party in the city. A vote
Of thanks to General Miller aud otker Sena.
tors and Representatives from this coast, for
their course on the Chi lese question, was
passed and the vote ordered telegraphed to
Washington.
Initial yoyage-Wheat Cargoe'.
SAN FRANcIsCo, March S.h.-The new
steamship Mexico sailed for Mexican ports to.
dav, ON her initial voyage.
There were twelve wheat cargoes cleared
from this port in the first seven days Of
March. This is at the rate of fifty per month.
There will certainly be forty.
Damaging Wind.stOrm.
San Francisco, March Ssh.-The north
west wind to-day assumed almost the proper
tions of gale. Several cases Of minor dam
age to vesfels, by drifting and colliding,
occurred, and the small coasting schooner
George Laws went ashore just outside OF
Fort Point, and will be total loss.
Verdict of AcquIitaI-The Fisher crdi.
nance.
SAN Francisco. March Ssh.-The jury in
the case Of Frank Perrs, charged with as.
sault with intent to commit murder, returned
a verdict Of acquittal to-day, and the defend
ant was discharged.
Mayor Blake has not yet signed nor vetoed
the Fisher water ordinance. butt is considering
il. He is allowed ten days ia which to either
sign or veto the ordinance. and the allotted
time will expire to- morrow light.
Rolling MIL and Nail Factory.
San FRANcIsco, March Sth.-The capital
stock Of company, amounting to 81 SOC, 900,
has been subscribed for the establishment of
a rolling mill and nail factory here It isex
pected that the remainder Of the stock,
amounting to s1,175, 900. will be iapidly
taken up.