New-York tribune., 1896-11-26

tho directors of the company may deem neces-
sary TO benefit their business and issue stock there
for When such stock Is issued II Is INTENDED tha'
Il pro rata distribution Of shares be made giving
all creditors OF the old firm Of Clapp & Co ful
payment of their claim in worcestershire stock
OF the new corporaio of O. W. Clapp Co, In
cOrporateI
Publicity has just been given TO the fact that
Representative George T. Mcclellan has resigned
his membership in the Manhattan Club know-
edge of this step following quickly upon the
secession OF Colonel William l.. Brown, who OBJ
jectcd to the celebration OF McIiinleys victory In
the parlors Of the club led people 10 believe that
Colonel Mcclellan was animated by similar feel
ing in withdrawing from the club. This was.
however denied yesterday both by Frederic X.
coudcrt and David Il. Gilbert. the president and
secretary respectively Of the Manhattan Club. Mr..
Gilber; added that Colonel Mcclellan resigned
nearly a year ago and that he did so for purely
personal reasons.
A letter TO The Tribune from Jacob A. Riis and
Louise Soy mour IIoughton says that Tor the hfst
time in seven years the Tenement House Chapter
of the Kings Daughters. No. u Madson-st, Is
without money to give Thanksgiving Day en-
ioriainment 10 tho poor children Of that neighbor-
hood The letter says that the Chapter has only
:, cents I'm its treasury and has bills TO meet
amounting to nearly 500 II makes strong APP
peal for funds 10 carry on It's worthy WORK, whlch
has recently been curtailec on account o' " i"'h
Of money.
The Bowery Branch OF the Young Mems Chris
tian Association. No l5G Bowery. Will give dinner
IN all moor men up 10 1850 who may apply to-
day Tho dinner Is under the direction Of Warren
H. wilkins secretary. and John f.. Ellis. assist
an, secretary OF tho Bowery Branch OF the Young
Mems Christian Association. The meal VIII be
served from , O'Clock until o'clock in the after
noon.
The first of six dormtory buildings TO be erected
for the use Of students OF the New-York Uni
versity on the college grounds at University
Heights has been christcned East Hall. 1t IL a
large and finely furnished building. and stands
at Aqueduci-avo. and Ono-hundrcd and-eighty first
- Tho other buildings which will be erected as
fasf az thoy are needed. Will be known as West.
South. Northeast. Southwest and North halls. un-
less designated 10y the names OF their giVers.
4 large auction sale Of Chinese and Japanese
art goods will be- held at 800 =. m. on Monday
and Tuesday hy Origles & CO.. NJ the Fifth Ave-
nue. Art Galleries 80 95 Fif,h-ave Tho coer-
ton consists of decorated and sngle-color por-
cclans pottery. bronzes. embroderies. cabinets.
curo- and u considerabl" number Of japanese
paintings mounted In kakemono and painted on
silk and paper.
\ loud explosion. caused by the bursting OF the
draw pipe which the Ave big boilers In
The basement OF the Savoy. AZ about noon yesier-
dnv stirred up considerable" excitement among the
guests % that hotel. Michael Hurns. OF No. 233
East Flffy-slxth-st. the assistant fireman. and
James Mco;rath. OF No n Waton-st.. Brooklyn.
the assistant engineer wero badly scalded. Burns
WIS removed TO The Flower Hospital
T. Miller was yesterday unanimously elected
"A member OF the Now-York Stock Exchange lie
was blackhallcd two weeks ago under msap-
pr'hension.
There is sharp competition among the banks and
Of l,uI,ra NJ Desirable loans of all
kinds Rates 3is per cent for sixty and ninety
days and I per cent for four months The mar
KIT il bare OF commercial paper The principal
borrowing lattcrly has been on bills Of exchange.
All the arg. banks have loaned extensively on
sterling exchange. Bills at seventy days have been
preferred TO those at sixty days because not hay
Ing 10 bc sent for acceptance they more
convenient to handle