New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-02-05
WALL STREET AND EXCHANGES.

s. v White. tho veteran Wall Street Spectator.
who cleared up his obligations and was rcadmtted
10 membe ship In the New-York Stock Exchange
at the beginning OF the year. has evolved syndi-
cate scheme He has issued circular in which he
says: "Ir 1892 my creditors by consent released me
from 10000 debts and allowed 20 keep $4,000
with which 10 work Before December 81 OF that
year ! paid them in full. with interest, and stli
had the $3.50 900. While outside OF the Exchange
from failure precipi;atei upon wholly for ac-
count OF others. in the cataclysm OF May .. 1888
have paid 10000. l believe 1895 promises as
well did 1892 and that any time will be as good
the 1893 1895 inclusive. desire
correspondence with spectators who may form a
syndicate for trading In the New-Iork Stock FIX
change. / do not want money which cannot re-
main, If sc desire It. till December 81. 1899. do
not want money which may be sent to me upon
the theory that the specula lions will De safe as
Government bonds and will pay 100 per cent per an
mum. That security and those dividends do not
go hand IN hand. II they did. should not no"
want to form "a syndicate do want money from
those who believe am sincere In the statement
that estimate that the chances two TO one
that they will get back their money with some
one TO that they will get IL back more than
sufficiently accomplished thoroughbreds that they
can take a loss without depression and proht
without exuitation.'
There was a meeting yesterday afternoon in the
bondroom % the New-York Stock Exchange OF
brokers who had executed contracts in the new =
per cent bonds and the preferred stock OF the
Union Pacific Railway before these securities were
admitted 20 dealings in the unlisted department OF
the Exchange. The Exchange institution
did recognize these contracts which were, in
Wall Street terms. when issued'-that is. the Sc
curtics be delivered when and as issued
The issuance OF the securities began last Monday
The brokers meeting. which presided over by
Rudolph Keppler passed a resolution saying that
It was the sense of the meeting that the odd con-
tracts" sh Guild be settled BY regular delivery as
speedily possible. A committee was appointed
delivery Jf the securities at once. Until the Sc
curites delivered accounts In them cannot be
closed
Counterfeit 81 silver certificates. which were nu-
merous In New-York time ago. reappeared
yesterday. when two or three OF them were re-
ceved at .he Sub-Treasury They came from the
West. where they have been particularly thick
recently These certificates bear their face a
vignette OF the late William Window. Secretary OF
the Treasury. To add 10 the deception they nave
beer crumoled to !mpart worn appearance TO
them.
The directors OF the Tradesmen's National Bank
which has absorbed the Clinton Bank. have added
their Board the following directors of the Gin
ton Bank T. T.. Pitkiu. Jerome T.. Bates, A. c.
Bechstein and James Rowland. Charles r. Flint
also elected a director.
D. n. Morgan. ex-Treasurer Of the United States
rai1 a visit to Conrad n. Jordan. Assistant Treas
urer in CT arge Of the New-York Sub-Treasury