New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-07-03
WALL STREET AND EXCHANGES.

The patronage Of George r. Bidwell. the new
Collector Of the Port Of New-York will be small.
Aside from laborers In the Public Stores and
weighers' laborers. the only place which he may
I'LL as he pleases Is that OF cashier Of the Custom
House. the salary attached to which is S 900 year.
The place is now held by w. e. Northrup. OF
Oneida, N. Y. Mr.. Bidwell will be required i'm
mediately taking Office to select from men in the
service special deputy collector to be Acting
Collector in his absence. disbursing agent and a
private secretary, Joseph J; Couch Is special dep,
clerk at 5000 year He has served as special
Erhardt. Fasseti. Hendricks, and Kbreth: Be-
tS5s seeH Hs he m e
service thirty-fve years s s W. THOMPSON is dis
6prsns agent at H year He is rated as
1850 year He is also rated as clerk These
three places were put under the Civil Service aS
laws by an order issued during the Cleveland Al
minstration.
Naturally tho Wall Street brokers are opposed to
the proposition TO levy tax on transactions IN
bonds and stocks. and they call It q war meas
urc." Francis L. EaInes. the president OF the
New-York Stock Exchange. yesterday sent dis
patch to the Finance Committee Of the Senate re-
auesting a hearing when the subject came UP be-
fore the committee. He had received no reply up
10 the close Of business. Mr.. Eames declined to
discuss the subject. Henry Clews said: There Is
no more reason why stocks and bonds should be be
taxed than the properties md commodities oealt
cha t and the drysoods aeae stamp
checks, notes. bills of exchange, deeds ana an
e eraSf ceOTse RuileSse Gibson said This
proposal Is SO demasogc and so distinct an e%
Republican Senators should countenance 1t: The
proposal Of the Republican caucus bears no re- e.,
p Srts% the stock Exchange business on par for
ternal revenue purposes. with tobacco sp'rts anu
Some Of the more jocund members Of the Produce
Exchange started in yesterday to celebrate the
Fourth of July They let off cannon crackers by
the dozen and smaller crackers by the hundred on
the floor of the Exchange. A pair OF bicycle trou-
sers was nearly blown off broker by cannon
cracker big cracker was put unaer ,ne wreced
Tho chief effect Of the explosions. however was 10
AL the room with h SMOKE roduSs coo me and
exchanges will be closed to-day
William Schneider a policeman who was sta
toned at Broadway and Fulton-st., was yesterday
transferred to Broadway and Rector-st This post
has been vacant since Adoph Hummell the police
man who formerly held IT, was injured BY cable e.
everybody who is in business in Wall Street.
J. Edward Simmons. president Of the Fourth Ma
tional Bank has been elected member OF the
Committee Of Managers and Trustees Of the busi-
ness Of the Royal Insurance Company Of England
in this country in place Of the late John H. 1nman.
The other members Of the committee 1 e, are Henry
Parrish, president OF the NeW-IOrk LIE Insurance.
and Trust Company; Frederick ?: Tappen,, presi-
Nash president Of the Corn Exchange Bank. and
Osgood Welsh.
In consequence Of Ill health and other considera-
tions of personal nature. Joseph T. Moore has re-
signed his position vice-presdent Of the Ma
tional Park Bank. Mr. Moore's connection with
the bank dates from its organization. and he will
still remain senior director.
Exchanges at the Clearing House yesterday were
the largest in many months. aggregating $so.1@.-
5s4 Balances amounted to 1927 522; SubTreasur.7
debit balance. 1921. 1872.