Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1885-01-09

claim of Mary Gordon, his wife, OF about
S., 900, for services alleged to have been rem
dered. The Judge finds that the assignor
was not indebted to her, but that she owed
him. and that the preference was made to
defraud he also found that Wolff has in
his hands about 100000, and was not
party to the fraudulent intent of the as
signor The assignment is set aside and
the plaintiffs are directed to be paid the
amount of the judgment and costs of the
action A referee has been appointed to
take the amount of the moneys which has
come into the assignee's hands.
The Houston and Texas Central Railroad
Matter.
New YORK, January Sth.-The Times
says: Rumors and denials kept the bank
ers and brokers of Wall street in feverish
state of excitement yesterday. For an hour
or two after the Stock Exchange was opened
the anxiety was intense. The default in
the January interest of the bonds of the
Houston and Texas Central gave rise to
some anxious talk about c.. P. Huntington.
The price of Central Pacific stock went
down in the Stock Exchange per cent.
Huntington is on his way home from
Texas, but there were many wealthy con-
sentative men in Wall street who made
haste to express confidence in his solvency
and ability to take care of himself At the
office of Huntington the mischievous re-
ports were secuted, and an invitation was
extended to all persons having bills against
him to call and get their money.
The Journal Of CoHtmerce says: Coupons
from the first mortgage bonds of the Hous-
ton and Texas Central, maturing January
1st, are advertised to be sold and assigned
to the Southern Development Company,
which takes the place of the bondholders
as the owner of the defaulted first mort
gage obligations of the road. The South
ern Development Company is supposed to
consist largely of Huntington, but in the
absence of any information as to the object
of the proceeding, some Of the bondholderS
are alarmed, and Houston IL Co, of Broad
way, have called a meeting in Mills build
ing, Saturday, to consider plans for protec-
ton. j. A. Cisco, Director of the road,
was yesterday asked to explain the object
of the proceedings, but said he was entirely
ignorant of it and referred the inquirer to
Huntington, or to one of his principal sub
ordinates, who was afterwards seen. This
official said the only explanation he could
give was Of a conjectural nature. The
company had not the money to pay the
coupons itself, and the arrangement he
supposed to be intended to save the bond
holders from going without their interest.
The road, he said, had suffered severely
during the year from floods, competition
and adverse legislation, and its earnings
had been light.
The journal of Commerce further says
The matter has excited a great deal of
attention in financial circles, and sharp
comment is heard on the supposed object
of the proceedings, concerning which con-
lecture is very busy.
New YORK, January Sth.-A Worlds re-
porter has interviewed prominent mem
Der of the Stock Exchange, who said: 1t
is my opinion that there are a number OF
large houses which must 90 to the wall.
They belong to the crash of last May in
reality, and should have surrendered then.
As far as Huntington is concerned, he is
one of the ableSt financierS in this country.
He is the brains of that small syndicate
that out of capital of less than half a
million created immense fortunes by build
ing the Central Pacific. He has realized
the dream of the greatest capitalists of the
age, namely, a TranScontinental system
from New York to the Pacific under one
control While Vanderbilt and Gould have
been dreaming and talking about this,
Huntington has been quietly at work &C
complishing it. Whether Huntington is
now cramped for ready money l do not
know. but | should not wonder if he were.
A few years ago he had an immense sum OF
money at his command, but he has been
constructing new roads, buying expensive
properties. and otherwise engaged in enter
prises that require Il great deal of money.
The most unfavOrable feature of the situa-
ton, as far as Huntington is concerned, is
that the Houston and Texas Central has
defaulted ON its coupons. If that road has
been unable to meet its interest, what shall
be said of the other Texas roads, whose in
tercst charges are immense? No holder of
Houston bonds should sell the coupons tC
the Development Company unless they sell
the bonds also. BY selling the coupons
they part with all their rights, as the hold
ers of coupons have the first lien on the
| road. At Huntington's Office it was said
| in relation to these coupons, that the road
was temporarily unable to meet its interest
because of the large construction expenses
| and that the Southern Development Com
pany had agreed to advance the money
taking the coupons as security. This is
| merely a convenience to the bondholders
| Huntington, no doubt, would be glad if the
| privilege were not ayailed Of
General Grants Retirement.
PHILADELPHIA, january Sth.-The Times
Washington special says General Grant
second refusal within the last few weeks to
accept anything that sayors of charity has
| undoubtedly done much to popularize the
! Senate bill for his retirement, which is now
buried under mass of bills in the House
and which can only be reached by general
consent. There was an almost unanimous
expression this evening among members OF
| both parties, so far as they could be seen, in
| favor of the passage of the bill, but no one
seemed to imagine it would pass this SEES
sion, because a single objector can prevent
its consideration, and that one objectol
would unquestiOnably come to the front il
an attempt were made to call up the bill.
Election of State Officers by the Connec-
ticut Legislature.
HARTFORD Comm, January 8th.-The
Legislature assembled in Joint Convention
this morning, and proceeded to the choice
of State officers by ballot, no one having
received majority of all the votes cast in
November. The result was the election OF
the Republican nominees, as follows
Governor, Henry b. Harrison Lieutenant
Governor, Lorin A. Cook; Secretary OF
State, Charles A. Russell; Treasurer, Val
entne B. Chamberlain; Comptroller Luz
zerne |. Munson.
A Republican Victory.
New YORK, January sth-A special says
The Oswego charter election yesterday was
complete victory for the Republicans.
This is the first time in five years that the
Republican ticket has been elected. The
majoritieS were large, although the Demo-
Gratis made a stubborn fight,
Brutal Hard Glove Fight.
New YORK, January Sth.-One of the
most brutal hard-glove fights on record
took place in Brooklyn last night, the
principal being Bryan Mckenna, an Irish
pugilist of some note, and Patsey Reynard,
an engineer, who has Il record as a rough
and-tumbe fighter. The mill was for a
purse of $500. Five rounds were desperately
and gamely contested though little science
was diplayed, when Reynard became com
pletely exhausted and McKenna was de-
clared the winner In the first round Nc
Kcnna hit his opponent a crushing blow
with his left breaking his nose.
The Next Pugiiistic Sensation.
New YORK, January 8th.-The Star says
The next sensation in the pugilistic line
will be the great glove contest between
Sullivan and Paddy Ryan, eX-champion of
America. All the arrangements were COM
pleted at The Police Gdzcite office yesterday
for the match. The representatives of the
pugiIists decided that there should be four
rounds. according to the Queensberry rules,
the winner to receive IS, the loser So per
cent. of the gate receipts, at Madison Square
Garden on the 10Th instant Ryan will
enter the arena weighing 1875 pounds and