Daily Los Angeles herald., 1884-01-30
EASTERN.
Tho National Bank system to
Remain for the Present


of the House Committee on Banking and
Currency, the resolution Of Representa-
tive Hunt, introduced last Tuesday, was
discussed, and, with the amendment Of
fered by Representative wilkins, was
adopted, to 4. Those opposed were
Buckner, Miller (Texas), Yaple and
Brumm. The resolution as amended de-
clares that the public welfare demands
that the benefits OF the national banking
system be substantially preserved ana
continued for the time being, provided
this resolution shall not be construed as
a declaration in favor Of the perpetua-
ton of the public debt.
Another Grab by Western Union.
NEW York, Jan. 29,-It is rumored
that the Western Union has secured
control of the Baltimore and Ohio Tele.
graph lines.
Further RumOrs OF Telegraph
Changes
NEW YoIK, Jan. 30.-A special from
Baltimore to the Tribune says Rumors
gain credence that the object of the
Baltimore h Ohio Railroad Company in
placing so many prominent Western
Union men in charge of the management
of its telegraph business has been in
contemplation Of its ultimate intention
of union with the Western Unicn
Company. The Tribune also notes that
prominent official Of the Bankers and
Merchants Telegraph Company remark.
ed that il is understood that the Postal
Company was trying to sell out, but to
what company he refused to cay.
n New Telegraph Company.
New YORK, jan. %. Articles of in
corporation of the Merchants Telegraph
and Cable Company have been filed.
Tho capital stock is fixed at Sl3, 1000, 900,
but provision is made for an increase to
a sum not to exceei $40, 900, 600.
National Telegraph Law Defeated
TRENTON, N. j., Jan. 20.-Thc House
defeated the joint resolution asking the
New Jersey congressman to favor n Ma
tional Postal Telegraph law.
bill TO Regulate stock sales.
ALBANY, N. Y, Jan. GA bill has |
been introduced in the Assembly de- |
claring void all contracts, written or
verbal, for the sale or transfer of any
company, unless the party contracting
to sell RI transfer, shall be in actual pos
session of such stock.
Relating to Oregon Hallway
stocks.
NEW YORK, Jan. 27.-The stocks held
by the Oregon and Transconiineutal
Company, after deducting S7,000,0 600
sold Saturday to the syndicate, and un-
derstood to be AZ, 600 shares Of the Or.
egon Railway and Navigation Company
Sl32, 700 Northern Pacific preferred and |
SLY, 1884 Northern Pacific common. The
value of these, at the prices this after
noon, is say, % for Oregon Railway
and Navigation, ~ for Northern Pacific
preferred aud 80 for Nor hern Pacific
common, would be S23, 466, $50. Add
to this, say, two millions of other assets,
and the aggregate is S25, i65, $50. The
latest rumors intimate that a special
meeting of the directors of all the com
pauies of the Northern Pacific system
will be held within ten days, ut which
certain designations will be accepted to
be replaced by the names of Sage, Gould,
Field and two prominent railroad men,
one of whom is connected with the
Southwestern system, the other with the
Union Pacific Rail:oa
4 Key TO Aztec writing.
ST. LOUIS, Jan. 29--A dispatch from
Matamoras, Mexico. says: Rev. Father
DamnZo Sota, Of Concordia, State of
Vera Cruz, has discovered a key to Aztec
writings.
Heavy Failure.
ToEoNTo, Jan. 30-The American
Lumber Company has assigned. The
company had capital Of $1,000, 600.
1t was formed some years ago, and owned |
extensive forest limits and mills The
banks mainly interested arr the rOrunt
Bunk, the Qu, bee Bank and the Bank OF
Commerce. The Liabilities foot up close
to 81 900 900. half Of which is secured, |
The Bank Of Commerce is the largest
creditor