davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1883-03-13
BAPTIST MINISTER'S SADLY NEEDED

The Rev. DR.. j. F. Elder, pastor of Epiphany
Baptist Church. at Madison-aye and sixty-.ourth-st,
read paper Ministerial Supplies before the Bap-
us preachers yesterday. The speaker said III part
"Therc is an unmstaRable indication OF inadequate
supply of ministers the Baptist denomination Some
of the other denominations apparently not 80 con
of this need. The ConGregationalsts, however
join cry. In addition to supplying their own
churches, they compelled TO numbers OF their
best men pass into the service OF other peio Baptist
bodies The Madison square Presbyterian Church OF this
city, has never hai other than Congregational ministers.
aud for the most part the Faculty Of the Union
Theological Seminary trained in the same school fne
Baptist Year Book for 1888 reports 1851 iined mia
st ers FOR 26,931 churches.
There three-hfths many ministers "A churches,
and there is no doubt that are sadly deficient In
competent to fill the more important Pupiis The aver
ge OF theological graduates In all Of the colleges during
the first decade Of the last ty ycas SO per cent,
and in the last decade IL per cont More ministers die
every year than graduated from theological semi
Mares Every vacancy worth two three dollars day,
will be sou ht by hundreds OF applicants what cOnSd-
GRAFTON goes 10 explain his decliicf
The beneficiary system might ne assigned as reason
part but young MY have ample OppOrtuui
te Of sell support cannot conceive tnat tue hardsbp'
OF student and ministerial NE can De serious rcaeOn 20
deter young men. Every profession has iis hard
ships. Lack OF freedom Of thought may be reason.
Young men chafe under the dOgmatism OF dOgmattc
theology and the matersls c ana agnOstic spirit OF the
age Everything tends u the arhy, the practical and
natural. ThBg5 unBeen aad eternal losO weight;
lacx strong conyicons In suou m Atmosphere beFot-
OF the prevailing philosophy Of dirt and doubt, IL Il
strange If Christian young men are lured 10 sec
ular and lucrative employment. IL manifest that
frscla-s men entering the ministry, but II Il
also true that good men scarce everywhere. How
IL this Inadequate supply OF ministers U be overcome
We must follow the rule of Christ aud pray"
New-York tribune., 1883-03-13
THE PETROLEUM MARKET.
NEw.YoRK, March ~.


To-day was day of excited and buoyant
t ding IN uipe line certificates The advance recorded
was surprise even 10 ssnguine "buis who had looked
for some reaction after the sharp recovery from S6c on
Friday morning to 93Hc. on Saturday night But the
"bearsy in their their short" contracts.
airIy ran away with the market The frat prices to-day
were 05a@94sc and from then on to the close OF the
morning boards there frequent fluctuations with an
inward tendency that not checked until OOH had
been scored afternoon the prco reacted to 9s
but in the last the price went back excited deal
ings to S100s The close was active and buoyant at
SI0Oiea sLO0ss.
The report OF the first twenyfours production OF the
Reno No and Murphy No. wells give 1t at 900 and
200 barrels respectively. But private dispatches re
ceved at to-day stated that the last hours gauge
OF the following named wells showed On output as 20
pended: Patterson No 2, - barrels Keno aS1 no NJ
barrels McCalmont No. barrels and Murpny No. o
barrels Suoh an exhibit at all confirmed nereaieI,
will snow that the Cooper pool will not Yield more OH Win
dozen wells drilled II only two OF three wo1 open
Reporls of the falling o the output VI the new r9r1s
County wells contributed largely to the scare o' 'no
" bears to-day. -, ,>u ria. 90 so,, v,ora
New-York tribune., 1883-03-13
PHILADELPHIA MARKET.

PHILADELPHIA March l2tonr nrm ana 10 good demand:
Wnnesosa Pateuts Good % 10. Cora Meai nominal
~ 7S Wheat = No lea March, 81 20i2. Rye-Entireiy
nomluai Carn-san Mixed. uaok and grain depot 80.
No & grain depot 63c: Oats-No. aIea. 6|,ac No 8
White aj3i2c: No. do 64 &c Pr0Visions-Beef Clear
C1ty Mess $40 90 40 packets $40 Ov;
DO No /. sii 0u Beef Hams vi OOSSZJ 20
India kess S26 80 PorK-Aess 9slJ 20; Prime tlo OO0
SIS so. nams-smoKed O0slic.i do sltpetre l2iao.'
Smoked sides l2c: salt lOS4ci shoulders IN dv SAT-
SIC do Smoked Bs409cs Shoulders In pickle %
9ca do. slnokeG lOc Belhes ~ SAT- oSiy &c ac;
DO BmOKod l21lZisc Lard-Citv Kettle l2W
DO steam Al boo Butchers Loose IL0)elL3o
western Kettle 1909 1901 do. Butchers
Loose. Butier-Creamerv Extra Pennsylvania &c
DO 50 03jc DO Good u Choice l712Oc bdioro
oppty York GKtra Tubs 2513ac; 40 t1rstA zUe
2c Western 20e2 do. GOOD g Choice l9s
l7c Rolls Pennsvvsns ano western lOniS Errs-fonn.
syvaHa el9Aac.. Western lSa Cheess-A ew- orr
Uni I4dIic.i Western Fau Cream. 13i4c; DO rDr
u, Good I2ac.; 59Inmod. 0i 2c Pennsyiyania.
sklmmed 39sc Conse-Bio. 5sc sngu-aaw urn al
673,ec. for GOOD Refining husoovadoeE Henned
steady: Cut Loaf. 9s4cj Crushed $40 Powdered snso
0ranulatcd. Oisc. Mould A. 1si. Stniard $50 seeds-
Glover i3al4 ci Timothy. ~ I01f2 lG Faxsee'l ~ o.
inter Bran S2l 700s22U 90 spring. $40 OOaslO %
Petro su M arm kehnea. 7s Casea lle Whlskey
81 Is.
New-York tribune., 1883-03-13
FIFTEEN MILLIONS OF STOCK.
ARGUING THE APPEAL IN THE SUIT OF WILLIAMS
AGAINST WESTERN UNION.

ARGUING THE APPEAL IN THE SUIT OF WILLIAMS
AGAINST WESTERN UNION.
The argument on the appeal to the General
fern of the Superior Court from the order of Judge
Arnoux restraining the Western Union Company from
paying any dividends such Of the shares OF the
$4,000 900 Of stock issued 10 its stockholders under
the consolidation agreement to represent its surplus
earnings as have already been transferred on the
books of the company and also requiring the directors
Of the company give bond for the repay 10 the
company of all dividends the remaining shares OF lhe
Sl50O0000 of stock in it shall be finally decdeu
that the stock Illegally issued or distributed W"s
had yesterday The General Term is composed oil Cnei
Judge sedgwick and Judge Ingraham ana ONoila an
The argument yesterday was in great part repeuuon
OF the argument before Judge AmOux
Wager swayne opened the argument for the western
Union Company. He said that the plaintih "liiiamS
had bought his stock in the company for the simple pur
pose OF bringing his suit He then reviewed the history
of the litigation in the various telegraph suits. The
General Term had held he said that under the statute
the distribution OF the 81 900 600 among the
shareholders Of the Western Union Company was Il
legal The stock itself legal and had been legally
issued Even its distribution at common law would have
been legal 1t was general principle OF law that an
act which was legal at common law ana was only made
illegal by statute could only he punished under the
statute The only remedy therefore for the Illegal as
trhutiOn Of the 81 900 II the distribution were IL
legal IN damages against the directors who caused
IT. General Swayne also maintained that the consol-
datlon agreement was now ana long iu peell an az, av
cOmplshed fact. The stock had been bought ana sold
time and time again IN OIen market ana was now ne eu
by innocent purchasers The plaintiffs had utterly
failed to make ont case for equitable relief
Aaron II. Whitehead. counsel for Ruins Hatch,
maintained that the General Term had held that the
$4,000 900 OF stock had been Illegally Issued as well as
illegally distributed and that the Injunction granted by
Judge Arnoux based on the decision OF the General
Term II the stock Illegal It followed as matter OF
logic that the company could not legally pay dividends
Robert Seweil. counsel for William s Williams.
followed Mr. Whitehead, and expanded the argument
which the former had used. Mr. sewen Will conclude
his argument to-day, and William NJ Evarts will close
the argument for the Western Union Company.
In the Reid suiG against the Western Union ana
Mutual Union Telegraph Companies. motion was
argued yesterday before Judge Freeman to comMl the
plantif give greater security for costs Decision
was reserved.
New-York tribune., 1883-03-13
THE CHICAGO MARKETS.
THE GRAIN MARKET wEAK-ONLY ONE FIRM BUY
ING LARGELY-sMALL TRANSACTIONS IN HOG
PRODUCTS.
IBY TELEGRAPH TO THE TRIBUNE


ING LARGELY-sMALL TRANSACTIONS IN MOO
PRODUCTS.
IBY TELEGRAPH TO THE TRIBUNE
CHICAGO, March 12.-Wheat dropped $40
7sc to-day AID ever rything else the list weak.
The feeling about wheat has been growing more
and more bearis1 for fortnight, and
to-day there only ono frrn Kersbaw
d Co.. buying large scales. When thiH firm secured
what Il wanted the figures began 10 decline. The move
ment was slow but 1t steadily downward. The
opening price, which Identical with those Of sat
urday were highest and the closing price, TIC
lowest of the day. May stopped AZ lll7s l7sGll2.
The price OF kept from luct1aiing much 10y the
knowledge that that the Handy aud his socatci would
like to take hold Of the May option agun II the price
could be brought GOwI somewhat. Indeed tine
adyisaby Of taking hold at once Is urged by wing
Of this clique. The New-York men, however, are more
'bearish" than their Cincinnati associates and are
opposing deal the basis Of present prices. one
reason for This hestaney 10 the fear That u s29h
rank as No " ~ become leaed ana o. p0std az soon
opeIators whose Ophlos are not baei Nv any ttl7ug
or contemplated spccnlaOns. some OF the banks whose
business IL largely IN making advances on "aIenonse re
ceips known 20 bc timd 10 tbis II mhtutcd
50 late that became frozen before ~
bone" Now the danger IL that when the frost is gone
there Will be Juice enough ~ the gram to rp0II Inc
Visibility OF another deal IN IT prevents any big break IN
corn. IL opened and ciOcd tOday 's6 3 cents uhler
tne pTlcc on nisul iHc H-u4t5 "D""t
within the Limits of q cent oats suffered, as
all tne other grains did. IL declined y cent.
The grain receipts large, there being JO3 cars or
corn 122 of wheat and l73 OF oats Oh hc corn
ceived, l2l cars were traded No. 20.
Only 1900 hogs arrived az tbe yards to-day. These
were of poor quality. and the demand Hnarp that
prices advanced 5GlOc. Good packing uogs sold at
S73J. Yet, despite these Dulilsh " inhuenccs III
tAe vicinity OF packing hOuses the hog pro met declined
change. Lard suffered the most and short ribs the
least. The former tonight showed decline from sat
n,day o ~ Eents & pr m q; an @ 'he 3 e p ne
n No -
aInnlL The feeling was GuL
New-York tribune., 1883-03-13
CIVIL NOTES.

Christian +. Dig yesterday in the Supreme
Court obtained sverdet for $500 against the United
States Express Company Indemnity for expenses In
Cured by him IN benaf his infant son. who run
over ny one OF the wagons of the company.
STAFFORD p. Davidson and Edward X. Jones,
brokers In wsst failed In 1879, and John H. Platt
appointed assignee IN bankruptcy OF their effects The
bankpts owned seat In the Stock Exchange, but did
not transfer IL to the assignee asserting that 1t not
property OF such character 80 pass by an
M Plat. encouraged by the recent decisOn Of the
Court OF Appeals began acton In The su perIor
70 compel the transfer to him of seat In the Erchange
judge Freedman yesterday decided that the decision Of
New-York tribune., 1883-03-13
EUROPEAN FINANCIAL MARKETS.

LONDON March l2-l2 30 m COnsols. I0lN for money.
and l02 for United states four cent bonds
l22lo; Enc 359G NeWYOrk Central. 1928 Auanuc and
Great Western second mortgage trustees certihcates 49,
Railway limited Ordinary. 1881 New-fork ontario and
Western. 2Glt Milwaukee and ST. Paul common. l049.
LONDON. March 2-2i5J m--Pdus adyices quote three
rents 81 francs gig oentmes for the account
LONDON, March. lS-iOU p.m.COnsOlS lOZlg FOR money
ano 1920 for the account Atlantic and Great Western first
mortgage trustees certificates - 81 do second mortgage
l72 Illinois Central I4S ~ Reading, p =; Mexican Railway
Qinlted Ordinary l3J2 NewYOrk Ontario and Western
2Gls; Milwaukee and 81 Paul common, lO44,
Bar siiger IL quoled az 81 'tsd per ounce.
LONDON. March l2-iDO m.-Pari3 a1vice5 quote three
per 81 80 for the
and exchange London AZ - francs 2j = centmes for
CHG
New-York tribune., 1883-03-13
REFUSING TO OPEN A JUDGMENT.
THE VALIDITY OF THE ELEVATED RAILWAY CoMPRo
MISE rPUFID.

The New-York Elevated Railway Company
in tie summer of 1881 began action In the Superior
Court against the Manhattan and the Metropolitan Ele-
waited railway companies TO have the lease or the PLAIN
ts road by the Manhattan Company declared forfeited
and for decree restoring TO the plaintiff the property
covered by the lease In October. 1881 the directors
of the three companies effected a compromise OF their
differences ana executed amended lease. In Decem-
Der following upon OF all the parties to the
sut Judgment entered in the suit recitins that
there had beea just and amicable settlement OF the
matters in dispute between the litigating par
ties and dlsmissing the complaint. When
the of the Metropolitan Company passed iuto the
hands Of Board Of Directors hostile TO Jay Gould and
his friends the company began action in the Court OF
Common Pleas to have the October agreement set
aside as Illegal and void the ground that the directors
of the company had power to execute them without
the consent the shareholders and because the private
Interests OF the directors adverse TO those Of the
company On the ground that the Judgment in the suits
in the Superior Court might he pleaded rs bar to the ac
ton in the Court of Common Pleas the attorneys for the
company few weeks ago moved before Judge Freedman
for order opening the nent In the Court
They aimed that the directors Of the deropo
itan Company bad no power 10 make the octo,er arse
ments they could nave no power 10 cohscnt 10
ment 6y which the validity OF the agreement was judi
cally asserted Judge Freedman yesterday rendered
decision in which he refuses to open the Judgment In
his memorandum OF opinion he says
tie counsel the respective companies agreed as to
the Rndngs be made and the Judgment to be entered
and the Court settled the findings and gave Judgment
accordingly Everything done after due delbera-
tion. Nor there any iTreguary or want OF turs-
such Judgment are bound by the adjudication made
The present application made In behalf or one
nj the three eOpInanies to open the judgment
and to grant leave to defend anew rests substantially
upon The claim that If the application were granted the
Metropolitan Company IN consequence OF change OF
ad Tiser could present some to the Court
Witch were not presented before and which, they had
been presented might and perhaps would have led TO
different result. This is not sufficient ground TO
ers Of the Court. The policy OF the law
is to end litigation and hold parties bound by tho re-
eult Tier they have had their day III court, But aside
from these cOnsideratOn another and conclusive an
swer 10 the motion Is that view of all that has been
done since and the Judgment II s at this late day
impossible restore the three corporations TO the posi-
ZION they respe cvey occupied toward each other at the
time of entry OF the Judgment Inc IhoIon ust oo
denied with $40 costs"
New-York tribune., 1883-03-13
A SUICIDES BODY NOT IDENTIFIED.

The body of the man who shot himself in Thomas
II. Msffats shOotnb gallery at No. 4Si SiXth.ave
last Saturday night at the M0rgue on Sunday
1t was at first supposed to be thatof Charles Dough-
erty, but Dougherty was subsequently found at his
home. A card was found III a pocket 0i the dead
mans coat bearing the namo of John Hartley, aud
a searf-pln with the letter H." on 1t which he
wore leads TO the supp0sitiOn that this was hi5
name. The body, however, had not been ideuuiied
lhnrt, nfrlnt
New-York tribune., 1883-03-13
THE COURT OF APPEALS.
" M,roh 10 In fha Enurf OT

to-day-present the Hon. william G. Rugcr. c. j., aud
sssociatcs-the following business transacted
No. 22-James r. Wood and another executors etc re-
spOndents a Viola Yates Mitcham and Others appellants
and Henry Yates and others. respondents-Argued.
Crosier adninstratx, respondent aSt COIneh
Steamboat ConUaay. appefants-Arguod
No 73-Catharne Martin, adminsirarlx, etc resnohden
agt The Dry Dock East Broadway and Battery NnlOad
Company. appel ant-Atguet .
No 7SEMary IanchOt Administrative etc, appellant agt
The Troy aud Lansing gbdrg Oad Company respondent
Argument unfinished 80
The following the day calendar for Tomorrow NOS 40
A ~ ~
New-York tribune., 1883-03-13

Begans against Canon Bernard to recover certain Sc
.urtes supposed 10 be worth about SIoo'oVV' "hch
.uo.a .ho, pornerd had stolen in February in Bel
Siuo and brought to this country The securities are
now in the hands OF sheriff and are claimed moi only
~ ~ m Eina ~ the BelQans but also by the Bishop OF
;ons and Canon Bernard The object OF the stay OF
roceedincs asked for TO enable Canon Bernard to
obtain evidence of his title from Belgium.
New-York tribune., 1883-03-13

MINES AND MINING.

MONDAY March l 2-P ".
The mining stock markets to-day were duIler and
more uuinterestng than usual. Some business
was done in Robinson at S7G 90 cents, Ia Chrysote
down to l3J in Sonora Consolidated at 50d % cents
and in Decatur at q cents. The transactions in few
other stocks which we're dealt in we're snail. and
there no significant changes IN prices.
The ilOmestake Mining Company has declared its
ffyffth dividend Tor February, Ut 1000, payable
at the Office OF the transfer agents LOunsbery and
Haggin, March 26 Transfers close March 20. The
present dividend makes % total to date Of
Sl,9l2500 paid to the stockholders
rr.r. L,-l.r
New-York tribune., 1883-03-13
STILL LOOKING foR MR.. NAYS ASSAILANE.

The police of the Ninth Precinct were look
ing on Sunday for John weisman the young man who
assaulted Andrew Hay. the aged barkeepcr at No Is
Tenthsve., Saturday night. Early In the morning
they arrested brother OF WesInan. but he released
when il WAS discovered who he Mr.. Hay
what better yesterday. but his condition is s pre-
New-York tribune., 1883-03-13

The gross floating debt as stated above differs
from the statement published in THE TRIBUNE of
March only IN that it includes membranes as
scsscd, $07J5." which an temth we did not con-
sIder as belonging to the floating debt But the
company follows the only precedent ever established
that by the last report Of the Union Pacific Com
pany-of including among It's Offsets to floating
debt materials and supplies 81, ,425, 123 and ingcn-
iouslv saws OF them ito be used in 1888 for
which the company has advanced the cnsh." The
item !. not applicable to the floating any other
debt. except in case the company goes into liqni-
dation IL is part OF the necessary equip
ment OF the road. and the amount held
at the end Of 1872 is only 100000 greater than
the amount of surplus on hand a. the end Of 1882
an increase IN Il Is not much out opropOrtion TO the
additional length Of the compIny's roads. Another
item also is added t. tbs available assets" duo
from land sales Sl.7S7j0s." IL is understood that
these land notes have been available to raise tho
money with which to pay the April dividend of
~ boz 3l1, which liability is not set down in the
foregoing statement Therefore. deducting from
the statement OF available assets, the materials,
etc. 81 ,425 1913, aud tn, land notos 81 ,7S7,j0S.
and adding 20 the Liabilities the sum of about
s. 500 900 for the interes, which was payable Jan
uary /, 1888. the true floating debt of the COM
pnny over tine available assets for Dcccmb'r 81,
1ss2, was over $6.3OOOO0; and that leaves
the land notes available for the payment of the
April dividend.
The stock speculation to-day developed nothing
new; the business was better distributed than
usual and the market was strong. The anticipated
movement IN the trunk-iine shares checked by
free sales Of tho stocks for foreign
account, and Central and Hudson and Lake Shore
were specially weak and were exceptional IN closing
lower thal they did Saturday. Union Pacific made
further advance and was rather the leader of the
general market. Late in the day St. Pan suddenly
rose from 1914 to 1928 on the companys good"
sho wing and in the suppoition that as that stock
had not particpa ed I'm the advance OF the last two
DAYS thore WAS considerable short Interest in IL.
The market however. showed signs OF fatigue all
day and nothing except energetic drive made at
two or three OF the principal stocks during the last
half hour OF business prevented prices generally
from closing lower than on saturday. The market
closed excited and feyorlsh.
There was some business done in Government IS
and 4i2s but the market quiet the change in
bids Is an advance of L per cent for the 4l2s. An
nexed are the closing quotations:
New-York tribune., 1883-03-13
VIRGINIA BONDS.

RICHMOND, March 12.-To-day there were
sales OF 5000 new 3s 80. Virginia consos al bid
AZ asked; DO tax receivable coupons, 81 BID, 81
asked tenforties, 34s bid 80 asked peelcrs, 81 bid
New-York tribune., 1883-03-13
COTTON MARKErs-BY TELEGRAPH

.tyvaPoot March I2.-l2:SO n-cotton dull Misdhng
Cniancs 59,aa Orleans 5lred. sales. 5000 bales.
InrinIrs coo speculation and export keceDts
q tnJ baes inc American. fuinreS-O nlandss
low Mdnnng March ana April dehve " ofa4d DO
Aprl and Nav 0te4d GO NAV anu June oevey,
bs.d do July August deuyery 00ssd DO August and
delivery 5Sad do september and october denv
ery bIa.d. Futures st adv. 49,.
LiygRPooI March l2-l30 m.-Cottonipe safes OF the
dav included O. 500 Dales Amerca.. ,,,.-
LIVERPOOL March I2-t y. m-Cotton- Fuures-U Dlands'
rll and Nav de vey 54ead; May and june delivery
,d: do June July delivery 54ss,; do Juy and Aug
usI delivery o52.d: do. August and september devefy
5Ss.d. do. september and October delivery, 0's also
5SJs.d - -. ,,,,. N.
CHARLESTON March l2.-Cotron quiet; Midting l0cs;
Low Middlng 9ec; Good Ordinary 9c' net rcelpss !s.v
bales gross 1920 bales sou Dales ehpottS ~
the Continent $50 bales: TO Great Britain Vo Ozos
10 France bales; stNIse 53O bales; stoeh ooooo
bales ...,1u,.u osc. Io~
Mddhng 9se; Good Ordinary. Ssci net rsceip.s iS
balex Dales exports 70 nIeN Di'Sh, ,oo
bales bales; 10 the Con'ihoht t,vy uscs'
10 the Channel bales coast"ise' - oaes' sa'es'
'SswuRr .ys March l2.-Cotton steady; hiddng 'sc.;
ow Midaing Sc; Good ORDINARY. Sbc; net receipts,
yS2 naes, gross 6,S93 bales: exports 10 trance.
70 the continent - exports coastwise Lows Oeles 70
r.sa Rraln 1851 bales; sales, 4OOO Daes last evening
~ oSn baI Ies stock. y326l5 bales. .,,. -
ysSSsn March i2.-t;otton nrm Mddng &C.; Low
ussiux lac uood OrdInary 3 &c. net receipts SlSo
S.Ias. gross 2lb4 bales exports coastwse tol Daes
10 ,ireaI Britain bales; to the Continent o2oo oalesi
sales 600 baIes last evening" 100 0aes stoe@ flAS
New-York tribune., 1883-03-13
BRAZILIAN COFFEE MARKETS.

RIO DE JAsElRo. Mar locoaee-Good Frsts 800 $3.50 $50
res ner 10 kos Average daily receipts 1920 Lays snip
mens of the the Channel and North OF EUROPE
600 baRs the United states, $500 Dsssi 70 ~, tso
Me,hferranean, bags. Sales OF the wcek-for vac
Channel and North Europe $4,000 ba 10 the nited
don, 2lA 49,. ooa al 1oo
SANTOS March lO-Conce santos 42Oo ~s.soo @
,.i mar tan kos Ayerg daily receipts the week oyoV
bsgs shipments the week-ro ali coantles SSov t
bags 900 Europe sales OF inc "eA oVo0 Sseas
an Tor Europe Stock, l24.000 bags
New-York tribune., 1883-03-13

"Don't pull me around So" said the thief
,o tho policeman, 1 have q feon upon my tngeri !"
And lave nav finger upon clon," remarked the po-
Iceman with q sardoDic sEnile.