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Total in Treasury....title:
THE EAST.
JOHN MCGRAW died on the 4th inst., at
Ithica, N. Y., aged 62 years. He was exten-
sively engaged in the lumber business in
Michigan, Wisconsin and Iowa, for many
years, and contributed $160,000 to build the
central college library and museum in Cor-
nell university.
THERE is another complication in the
Phair case, in Verment. The man Sargent,
charged with the murder of Mrs. Frieze,
and who was said to be in China has put in
a sudden appearance. He is ready to dem-
onstrate that he was not the murderer.
TWEED'S statement, now in the hands of the
attorney general, would occupy not less than
12 colums of close type. It gives the exact
narrative of how the ring was formed. The
statements begins with the manner in which
Tweed, John T. Hoffman, Geo. W. McLean
and Connolly, back in 1865 or 1866, were ac-
customed to meet daily at lunch in a little
room attached to the kitchen of the old
courthouse to discuss political matters. The
coterie finally dissolved and then the corrupt
ring was formed, consisting of Tweed, Con-
nolly, Sweeney, Hall and Woodward, with
other minor allies, which also met daily in
the same room and later in Tweed's office in
Duane street. A. Oakey Hall at first re-
ceived 10 per cent. of the plunder, but the
receipts beginning to fall off, his share was
cut down to 5 per cent.
THE United States Banking Company, of
Philadelphia, suspended business on the 1st
inst. The sudden failure of the Union Bank-
ing Company with which the United States
Bank was a depositor, precipitated the failure
of the latter.
WILLIAM M. GRAHAM, formerly New
York state senator, who was convicted of
embezzling funds of the Walkill National
bank, and who was serving a term of im-
prisonment at the Albany penitentiary, was
pardoned by President Hayes on the 1st
inst., on account of his age and infirmity.
NEGOTIATIONS are now in progress at
New York by which the Lafayette, Bloom-
ington and Mississippi railroad is to pass
back into the hands of the bondholders and
be run in the interest of the Wabash.
THE New York Custom House Commis-
sion held a session with open doors on the
30th ult., in accordance with instruc-
tions of Secretary Sherman. Col.
Burt testified that at least a saving
of 10 per cent., could be effected by a
reduction of the force of employes, and giv-
ing the offices only to competent men, and
not for political favor.
MAY & CO., the largest dealers in metals
and hardware at Boston has suspended.
Liabilities $600,000. The failure was occa-
sioned by bad debts and general shrinkage
during the past four years. Their own in-
debtedness is princially in Pennsylvania
and abroad.
NEW YORK bank statement on the 27th
ult. Loans, increase, $1,875,900; specie
increase, $270,200; legal tender, increase,
$2,569,800; circulation, increase, $12,100;
reserve, increase, $2,606,550.
