New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-06-29

many years. To call halt now would so thor
oughy lay bare the purpose of insttutng tho raids
that the Mayor hesitates. but has nevertheless
already given signs of retreatng before the threats
of the gamblers and their machine lie makes
the plea that the police force is inadequate to the
work of stopping gambling, while the Chief OF
Police has declared that he is not only equal to the
work but can drive the element which has been q
curse and shame to the city out of its borders in
weeks time. if the sign is given. Joseph 1.
Mackin, the eminent Democratic politician against
whom and Michael C. Mcdonald the RAID has been
directed, remarks sententiousy that if urged he
could probably explain how the reform Mayor OBJ
tanned his 10000 majority at the late election and
this published defiance s thought to account IN part
for the hesitation shown by the Mayor. Under all
these circums Stances peace does not reign complete
in the Democratic household, and the fight. unless
there is truce in the meantime, Will be carried lHto
the State Convention where Mr.. Harrison expects
to appear as unanimously selected candidate for
the Govemorshp, hopeful to attract some atten-
ton later IN the National Convention as Vice
Presidential possibility. One of the latest raids
was that upon tho Manhattan Club" This was a
clearly defined gambling institution, but carried Tor
ward under the guise of IA private club Rooms
were occupied Immediately under those occupied by
the Press Club, and the destruction of their neigh
nifty heavily.
The course of the New-York speculative markets
is watched very closely here in every department
of trade but its effect is most evident on Change,
where it has tended TO make the course of specUla-
ton very cautious. In real estate the effect does
not appear to be Marked as values have shown no
signs of depreciation. Money. however in the local
banks is just now held with very tenacious grasp.
which is due almost entirely to the difficulties ex-
perienced by the New-York banks and the startling
decline in stocks Contraction of loans is the order
of the day and the extreme conservatism of some OF
the banks has resulted in compelling some OF their
best customers to go the Street to raise funds
upon unquestIonably good paper all OF which
hampers and rctards ordinary Transactions The
decline witnessed in Wall Street, however, has been
so extraordinary that the usual heavy failures have
been confidently ANTICIPATED a natural outcome,
and their Absence in the face OF the ruinous qulda-
ton which has been going forward. has tended to
create little short of CONSERVATION among those who
have made the subject a study and the opinion is
offered that the country thus far has exhibited
greater financial stability under adverse conditions
than ever before known in its history One Of the
results of the pancky state of affairs is found in the
declaration that many of the Italian residents of the
city are In a starving condition They have sought
work from the railroads. but have been unable to
obtain It. as none of the roads, with one or two OK
ceptons. Is making any improvements or cxten-
sions. The number of Italians who are in pitably
destitute condition is placed at fully 900, many
of whom were brought from the East, and even
from Italy direct in anticipation OF the further e8-
tension of some OF the Western roads but the Sltua-
ton in Wall Street has changed all this. In ad,
dltion to this number of the railroads are opposed
giving the Italians employment, preierrng other
natOnaIltle5 as laDOreiS.
The retirement of Judge Thomas DrnmmOnd from
the Federal bench is the occasion for expressions OF
sincere regret No man probably in public life has
ever earned prOuder fame in the West or been
rearer to the affections of the people OF whatever
political faith than he, and the equity OF his de-
cisions has rarely been questioned. An indication
of his n" upon the masses was shown IN the regret
displayed at his failure 10 be nominated 70 the SUI
preme Bench on the retirement OF David Davis rs
years. 1t was deemed by his admirers that 1t would
have been a proper GROWING OF his career on the
bench, Notwithstanding his approach to his three
score years aud ten"
The inside history of a corn corner" of 1852 was
aired in the courts this week in the trial of Uuerdon
Corwith son of pIomnent Spectator, who IN
duced his friend w V. Booth to advance 500 900
with which to purchase Northwestern stock, but
which instead was put into the corn deal which sud
denly collapsed. Booths attempts to recover his
money were profteSs, and capias was finally is
sued for Corwlths arrest, and he was compelled to
give bonds in the sum of $4,000. An effort was
made this week to quash the capias, but the court
refused and entered Judgment for the full amount,
50 that the amount must be paid or the young de-
PENDANT go behind the bars.
The Second Presbyterian Church, massive stone
structure, Is being surmonnted with tower aud
sprc rising 200 feet above the sidewalk which is to
be known rs the Armour Memorial Tower" The
donor is the widow of the late George Armour, Of
this city The tower is about twenty-tour feet
square c built Of black and gray stone from the
Cua.rcs this city, of which the church ediHce
proper is built. About eighty feet from the side
walk is n course of cOrbcls, above which is rich
arcade work and from this point the tower becomes
Octagonal From the tower will rise a spire sixty
feet IN height, terminating in a st. Andrews cross
The spire will be Of heavy tile work. when com
plceG 1t is claimed the work will present as rare a
specimen of Gothic architecture as the country has
produced The belfry within the tower has been
supplied with memorial bell BY the children of
Mir. Armour
1t has finally been determined to change the
plans of the hall in which the Republican National
Convention was held in order to conform TO the
views of the local committee III charge of the
fragments for the Democratic National COnven-
ton. The partitions will bc moved back about
eight feet on each side and the platform placed at
the west side of the building The table for the
press reporters will be Immediately in front Of the
stage, and the s04 delegates seats next back of
them, while the seats of the alternates will adjOn
them still further TO the east. The seating capacity
has been increased to about 1900, and even at
this figure the local management rs puzzled how tho
outside clubs and the local faithful are to be accom-
mOdated.
Warrants were sworn cut' this week against n
numbers of the drivers of the new hanson cabs for
Ob,tructlng the hotel entrances, but the opposition
appears to spring from the large livery owners and
hack people and has been reused by the great pOpu-
larity of the cabs The police have been instructed
to see that the new vehicles are not Disseminated
against.
Trading on the Board Of Trade has fallen into
such Il condition Of quiet that proposition TO adj
jonrn for n day has generally been carried on
very slight provocation. There is fair lkeli-
hood that the Board will adjourn from July to 7.
A reception was given at the Sherman iOuse this
week, whchiwas very numerOusy attended, to the
recently created bishops OF the Methodist Church,
whom have long minIstered in this and other
cities.
The Bridge nuisance has caused to be put on foot
a movement to turn to the OF the street car
the tunnels under the Chicago River
which are very slightly used by pedestrians.
Lighted with electricity and supplied with cable
cars il is cOntended that intramural transit would