The Middlebury register and Addison County journal. [volume] (Middlebury, Vt.) 1883-1885, 1883-08-24
NEWS OF THE WEEK.
Eastern and Middle States.


JAMES S. LYON, the Buffalo On. " banker
convicted of completely in City Treasurer
Books theft of over half million dollars,
has been sentenced to four years imprison-
ment Lyon is upward of sixty years of age,
and his venerable appearance as he stood up
to receive the sentence rendered the scene
affecting.
QUITE furry was caused in Wall street,
New York's financial center by heavy fall
in stocks
THE subcommittee of the United States
Senate committee on education and labor
which was appointed to investigate the causes
that led to the strike of the telegraph opera
tors began its investigation in the New
York postoffice They were Senator Blair, of
New Hampshire; Senator George, of Missis-
s1ppi; Senator Pugh, of Alabama, and Sena-
tor Call, of Florida. The fifth member Of the
subcommittee, Senator Aldrich, of Rhode
sland, was not present District Master
Workman John Campbell, of Pittsburg, ap-
peard and gave q history of the strike and
presented the case of the operators
THE Devon Inn, fashionable summer no
tel ON the line of the Pennsylvania railroad,
about eighteen miles from Philadelphia, has
been burned to the ground. The fire was
caused by a defective fiue in the kitchen, and
broke out shortly before 9 o'clock, while
the guests were at breakfast. The
flames spread rapidly, and in an hour nothing
remained of the once handsome sumo
mer resort but some detached outhouses.
About 1876 guests and 100 employees were in
the building when the flames broke out No
one was injured, and nearly all the property
of the guests was saved. The loss is more than
100000
THE failure of George w. Ballou & Co.,
Wall street bankers and brokers, created a
turmoil in New York financial circles, already
much shaken by the sharp decline in stocks
The firm was caught on the wrong side of the
market, and was compelled to notify the
Stock Exchange OF its suspension. Its liabili-
ties are estimated at from 81 500, 600 to g. Co.,
OOO The failure also involves a branch house
in Boston.
JOHN w. MACKEY, the California million
aire, has been elected president of the Postal
Telegraph company, started in New York, in
opposition to the Western Union and other
telegraph companies. Mr.. Mackey, it is
stated, will use his immense wealth to push
the fortunes of the new company
In the convention of Amalgamated Iron and
Steel workers at Philadelphia it was de
cided that there should be no present disturb
ance of the wages question.
MAYOR EDISON, of New York, has been
notified by the Western Union Telegraph
company that the city would be held response
bic for damages caused by the cutting of
wires. The police were notified to protect
the wires.
AT a meeting of the New York Republican
State committee held in New York city it
was resolved to hold the State convention for
the nomination of candidates at Richfield
Springs, on September 10.
CHAMPION HANLAN won the boat race at
the Watkins On. y regatta, Hosmer coming
in second and Ross third
DURING the past six months 100 persons
were killed and 401 injured in the State of
New York by railroad accidents
E. c. STEDMAN & Co., New York bankers
and brokers, have been involved by the heavy
fall in stocks and compelled to suspend with
liabilities of about S150,000. Mr.. Stedman,
the senior member of the firm, is the well
known poet and essayist, and the suspension
is due to his sons heavy and unsuccessful
speculation. Much sympathy was expressed
help him through his troubles was rendered
by prominent business men, but he was COM
PEELED to decline all offers
INVESTIGATION into the affairs of F. Shaw
& Bros, the Boston tanners, shows them to be
In worse condition than was at first supposed.
The liabilities aggregate s7,509,000, and the
assets, good and bad only IS, 262 600.
CAPTAIN j. D. RHODES having announced
his determination of attempting to swim
through the whirlpool rapids at Niagara Falls
in his hfe-saving armor, an open letter was
addressed to him by the Canadian authorities
declaring that any such attempt would be re-
garded by them as coming from an insane
person, and that they would take measures to
prevent its being carried out, as far as taking
the water from the Canadian shore is con-
cerned
FRANK dunno" an Americanized China
man, has formally declared his intention in
Philadelphia of becoming an American citi-
zen. He acts as interpreter in courts, is mod
erdttly Tlcn, anu III everything dresses ana
acts like an American except that he wears
for good luck bright penny stuck in the
open space of his right ear.
TAUssIG & HAMMERsCHLAG, a New York
candy house, have failed for about S2500O0.
CHARLES WHEELER, Philadelphia broker
and prominent business man, worth about
$2,OO0,OOO dropped dead in the streets Of
New York from apoplexy.
THE telegraph strike has ended in the defea
of the operators. The Brotherhood of Teleg-
raphers' executive committee have issued a
notice from their headquarters in New York
declaring the strike failure, and permitting
all those who could to resume work. The
strike lasted four weeks, and, it is estimated,
cost the operators in loss of wages about
100000.
A CONTRACTOR for telegraph lines testified
before the Senate subcommittee in New
York that he would he glad to duplicate the
entire telegraph system of the country for
$50, 100000
South and West.