The times. [volume] (Richmond, Va.) 1890-1903, 1890-02-01
CRUSHING OUT BANKS.
ACTION OF TIE NEW YORK
CLEARINGHOUSE.
The Sixth National Bank Passed Out 81
Existence-A Resolution tp ixpel All
Banks Not IN the Association-New Noik
News In General.
NEw YORK BUREAU |
RICHMOND DAILY lIMEs, I
January n, lS9O.

News In General.
NEW YORK BUREAU
RICHMOND DAILY limbs,
January "a, lS9O.
This was bad day at Albany for Boss
Plaft. for the Assembly rejected the con-
! ference reihH Oh iap Worlds Fair bin by
sixteen majority. Fourteen Republican
! kickers soica with the Democrats for the
original bill. Unless i,ie 5enaic NOW passes
the Assembly bill, the whole matter is aerd
for one year. and the fair for New
York will De with II. This crushing
defeat drove Fassetl ara Pic Senate 10
frenzy. II throws all defeat o. dc'ff row
on the Republican party. Fassett cracNed
/ his whip and forced an adjournment Of the
senate. plafts men are IN the last ditch.
| The ~eaate Republicans stand by their bill.
and no cOflnrU.iiiae. Therefore, can bc made
befweeu The two hoHses until Monday.
In h bolinSeH trat siich Republican
/ leaders as Chaunccf NJ Depew, fhoinas I.
! Plat. Frank Ilscock aht Warner miller
4 will hold a conference in New lork or
| Washington with the New York Congtes-
,ional delegation tomorrow, and see II they
cannot come 10 an agreement upon some
/ bin which will receive the support OF all l,c-
! publican ineIhbers Of the iegi- lature.
! Governor Hin to-day eOmmntcd The sem
/ tcnce Of jockey Stone. who Is sentenced 10
be hanged February 9Th for the muider Of
/ Henry Miller on June n, loss, 20 inprlson-
meut for lie. The only reason given Is the
J recommendation Of Judge Moore the pre-
siding Justice before whom stone was
thed. n.,
mond ami Thomas B. Kerr. for bribery IN
collusion with the late Jacob sharp, In the
/ broadway road. were dismissed by The dis
/ irict attorney to-day. lie was convinced
/ that there would be no result from new
trial.
Crushing OUT BANK.
The Equitable bank. closed its doors to,
dav. N was the last OF the tho ~ wrecked
banks TO give in. Broker pell, who was ar-
rested last night, was held to-day in f-3,oOO
for embezzlemeut President Claas-en mas
made statement. but President W Nallack
has not vet Iron found. The outlook al
prosent is that the .depOsiCfs Of the sixth
National. the Lenox llill, and the Equitable
Banks may receive in iull the money
due them. II will not, however, be due 10
any Efforts Of the syndicate of financial Ma
poieons who originated the gigantic scheme
| fo wreck these institutions. TWO or three
wealthy business men. who have been de-
ceived into allowing these schemes 10 get
control Of the banks I'm question,
have ! dyed themselves 10 make
good iiny deficiency in the money
due dcpOsitOrs. one OF The largest
meetings ever bed in the clearing house
took Mace at I o'clock this afternoon. out
of sixtv.three national banks litysOne were
represented. mostly by the presidents, such
prominent bankers as Presidents COe,
knox. Dowd. james. Kelly, Iappan, and
others. Tie president of the clearing house
association presided.
The meeting crushed out Of existence, at
least under its present ownership, the sixth
National Bank, by passing unanimously "
resolution expelling the bank rom the as
-OciatiOn. President Thomas J.. james
gaye nOiil that at the next meeting OF the
Clearing House he should offer the follow
ing resolution.
Resolved. That no bank in tie city and
county of New York he entitled 10 tht
privileges Of the clearing house unless II
be member Of the association
II the resolution passes. no bank can
hereafter clear through another bank unless
Il is a member Of the clearing house. ms
resolution will be adopted. although some
Of the bankers think that II Is not even
stringent enough, and should include trust
companies.
RAILROAD NEWS.
Comparative statement OF earnings and
expenses of the Norfolk and Western Rail
road for wears ending December 3lst: Gross.
issg. Sj.J97I2l: lsos S4,sy9,5as; increase,
SGg7 .jgl. Operating expenses and taxes,
1889 50. ls3. .352: 1858. S3,OOl ,12l; increase,
Sisl 42J. Net. 1889, S. ll3,I12i 1855, Sl,ey,-
IG1l: increase, S2l6, loO.
The Norfolk and Western is pushing
the projected extension 10 lronfOn. and In
developing the territory adjacent 10 its iine.
II has been found necessary 10 dOuble-;rack
the road between Roanoke and RadiOrd be-
b cause Of the heavy traffic on that portion Of
the line. aud the contracts have been let al
ready.
p General Alexander. president Of the Cen
trail Railroad Of Georgia. cOutradlcts the
recent reports wired from Georgia 10 the
effect that traffic had fallen Oh seriously on
that line. General Alexander says tnst "a
few extra Florida trains had D.eh WIN
drawn because. OWING tO the mildnes, Of
the winter. travel in that direction had been
lighf and was now practically over. In
common with an southern roads the Geor.
.,ia Central had been and il much pressed
. for motive power and rolling stock, Dul
{ This was due however. 10 the raplo
growth Of southern business. Inc
Central road bought thirteen locomotives
and one thousand cars last fall. but busi
ness came 50 fast that recently one thousanu
seven hundred more ears and twenty locV
motives were ordered. The earnings Oh INC
. company were never 30 large as they are
I, now. For the first twenly-thfee ual : %
! January the gr05s earnings were f5V,UW ~
excess of those OF same period last year
4 The company is doing an immense amoun
, of betterment. including bridge building
. laying steel rails. enlarglng terminals etc
GOODBYE CASTLE GARDEN.
y II il current rumor that Bedloe''
g Island has been recommended by Collector
Erbardt ms tine best place in the harsor e
land immigrants. aud there appears TO ID
mo- doubt now that the Treasury Depart
ment will accept the opinion Of the collec
e tor. and get the island ready TO receive th'
incoming tide OF foreigners Dl ApIl
saturday. February ]. j. understood ID ID
D the time selected 10 notify the emigration
, commissioners that the government VIII re-
30 lieye Them of their trust on April J..
= At Iasta successor has been appointed
, Iobn j. OBren. the famous Republican
chief Of the burean Of elections. The pOic
i' boar,I this afternoon appointed General T.
p : RodenbOugh as O'Brien's success sOr. IL
l. Cleveland Democrat and reure
= officer OF the regular army.
e. REPUBLICANS ISAFIX.
r Retween the bnck-eye from the Fair bill
e the rows over Federal patronage ana tn
e Kings county fandango, the Republicans
e This section are getting in a pretty ia
d plight. They lind relief IN such hol'
z measures as that introduced in the Legisli
: ture by Assembl,man Bush, entitled "A
d act 10 prevent blindness in the state OF Ne
York" IL provides that when nurse NJ
.s tices any redness about the eyes Of an u
III FAM less than two weeks old she shall
on.e report that fact % the nearest heal
officer. A violation Of this provision Is pu
ishable bv a line Of 500 OF Imprisonment Il
six months. 4,
II something ike this had be- IL la" u
IS Platt might have been saved his very D'
fair bread.
lf A NEW IDEA.
~ The Phon0grapL Company have put ih'
:, stoct on the market. The cOmpany's cal
- y tal is d. 1901 shares, all originally issued
49, patent rights. -ub-companies estaDlish