Vanderbilt Sells New York Central Stock to $25 Million Syndicate
New York announces that William H. Vanderbilt has completed a sale of 25 million dollars of New York Central stock to a syndicate including Drexel Morgan and others. The deal includes a 15 million dollar current purchase with an option on 10 million more at 120. Proceeds to be paid in 4% United States bonds. London agency to manage dividends and transfers. The Wabash system and Lake Shore tie, with Cyrus W. Field and Solon Humphreys to sit on the New York Central board. The Atlantic and Great Western reorganization also plans 5.56 million in bonds to pay off Ohio mortgage, reduce gauge, and form a New York Pennsylvania and Ohio Railroad Company.
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Wreck of Steamer Albert Sends Vessels Aiding at Magdalen Islands
Halifax dispatch reports the steamer Albert ran aground near Pleasant Bay after a hurricane and tidal wave. All mails passengers and crew were saved. The ship is a total loss. Widespread damage hit nearby wharves beaches and harbors with boats and lumber washed away. Capt. McLean stayed with the wreck as a rescue schooner was sent from Magdalen Islands to Picou.
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Bhangor Me Whig claims altered returns threaten election law
Bangor Me November 26 The Whig says Mr Boutelle of the Republican State Committee has direct evidence that Democratic managers altered and amended election returns contrary to law. A Democratic town clerk allegedly sent a corrected late return after requests from other town officers and a prominent Democrat. The town record reportedly shows the original errors and omissions.
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We Southern Democrats Favor Grant The Freedman's Bank Swindle
Washington Nov 26 An injunction sought in U S district court to restrain Postmaster General Key from interfering with mail matter. Judge Carter states only an show cause order might issue. Details cover postmaster commissions expiring in December 1879 to March 1880 and misrouted mail to Boston merchants.
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Coal price rise approved in Reading and Eastern lines
Philadelphia reports a general coal price advance decided today to start Monday. Reading coal line city and harbor prices rise 15 cents per ton, while Eastern prices increase 25 cents per ton on all grades.
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The Sprague Scandal Before the Public at Marine Court
A large crowd gathered in New York's Marine Court to hear George Linck sue Mrs. Kate Sprague for 240 dollars in salary as his former pupil Willie Sprague's tutor. The defense argues Mrs. Sprague alone is responsible, claiming the marriage separated her from Gov. Sprague, with letters shown to suggest Linck's employment. Judge Sinnott reserved a decision.
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Fire Devastates Webster School Amid Panicked Escape
A St Louis fire at the Webster School caused chaos on upper floors where pupils rushed stairways. Banisters broke under pressure, injuring several children including Ellen Link Emma Dillon and Kyra Straffer. Teachers aided but were injured. the fire proved trifling and the building emptied. Other fire reports from Cedar Rapids and Owensburg follow with varying damages and losses.
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Magoon Awaits Duvom in Windsor Prison
Magoon spends his final hours in prayer as Chaplain Mick offers consolation. He faces execution with no close relatives by his side. His wife and Streeter’s wife run a nearby dram shop, and Magoon’s own daughter Streeter’s wife is not described as supportive amid his impending doom.
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Gloucester Fisheries Report Sees Light Stocks and High Halibut Prices
Gloucester Mass November 26 The past week brought eight fishing arrivals from the Banks and Georges with 65 000 pounds of codfish 24 000 pounds of halibut. Imports include 1300 quintals of hake from Grand Manan. Fresh halibut last sold at 133 4 cents per pound. Georges codfish stock under 1 000 quintals and Bank codfish dwindling. Mackerel scarce but market firm while W Raymond schooner sold 500 pounds halibut at 1684 cents per pound, a strong wholesale price.
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Steamer Alabama Rescues Crew From Stranded Svea
The State of Alabama reports meeting the Swedish bark Svea off the coast near Antwerp after the Svea foundering in heavy seas. Seven men were saved from the lifeboat, one had already drowned. Survivors, exhausted, received clothing funds from saloon passengers. the third officer and two seamen were saved by life buoys after the lifeboat was smashed.
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Anxiety over General Adams and peace commission escort
Reports from Denver warn of potential Ute hostilities near Los Pinos Agency where General Adams and a fifteen soldier escort are stationed. Colorado officials fear Meeker murderers may escape justice, while Governor Pitkin questions Adams ability to secure them. Josephine Meeker to lecture Saturday night.
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Gladstone Attacks Beaconsfield Policy In Plain Terms
Edinburgh reports Mr Gladstone denouncing Beaconsfield as hollow reckless and insincere accusing him of England’s troubles. He cites Afghan war South Africa and Ireland turmoil as evidence while predicting indefinite dissolution delays to mask cabinet surprises and fireworks.
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Irelands Troubles Rally Delivers Riot Alarms At Sligo
Slice Nov 25 reports Sligo on verge of riot as police clear streets. Arrests made, Davitt wired to Newcastle about Sunday Glasgow meetings, and later serenades by two bands. Police reinforce, no fresh disturbances, trials may move to Dublin. Killen examined with Davitt and Daly present. London rally planned with Power presiding. Gladstone backs home rule in local matters.
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Fall River Board Restores Operatives' Pay to 1878 Level
In Fall River Mass on November 26 the Board of Trade voted to restore schedule prices to operatives to the April 1878 level, a 15 percent rise effective January 1. Mills with December contracts delay the increase. Also, American Linen Company stockholders voted to fund debt with six hundred $1,000 bonds at 6 percent, five years to run, no dividends until bonds are paid. The company’s total indebtedness nears $550,000 with $50,000 working capital after the new plan. Dancer Joseph Mack was jailed after stealing a coat and diamond cross from Dr Nearrisal, valued at $100.
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