Chicago Daily Tribune Newspaper, February 26, 1881, Page 1

‘S~ The Chicagy Daily Teibwne, ; VOLUME XL, ]umllson and l’wl'm-sls. THE GREATEST BARGAIN Offered yet in connectnon with Closing Sale, Before removing to State and Madison-sts, 1s a miscellancous lot of (] OSIEeT -] Consisting of 46 different lines of 1adies’, Gents’, and Children's Regular mafla Hose, All to be sold at an uniform price 35¢c a Pair! Former price from b0e to '75¢ a Pair. REMEMBER, There are only 36 DAYS MORE In which to secure any of the bar= " gains offered 1n this sale. 1‘I‘Ab. T You can test any of our Teas our Tasting 'I‘:lhle before buy~ Img. Another contignrent of Choleo, Puro Tea, conslat- Assain Ten, 80c per pmmfl. Oolong and Basket Jupan, 60c per pound. Above Teas are Great Bargalus, HISA TEA IMIP'G CO.. 88 STATE'ST'I{FIEM Lchc’l‘fw Ca, o BL SiIC A l()LluN ELASTIC STOCKING MANUFACTORY. Our Increased demand for 811k’ Rlastle Stockings Bas induced us to placo inClicago thy Jutest ini- Jroved machines, contalntug ory it ) sepagio s, niya siperlor lnposted fibber. Who ok ini wxcal L pihirn, i can Le mnfoly " wastiod. nulactarers of Tru ‘t LaluER, L, Uil 1, BT AWNKY, Alvo, tow, Tinrieat of Mutton, Stewed - Cive' - Hend, Tomato Bauce, ete. In quart cans, rieh, por- rmly fennoned, und vequirouk 1 1 heated. “Drepared by 3 A do-culsino ot the oston. Lending SOUPS: s uracers rell thom. choi eadiime harcr o bTOLIlllf)LDI 1S MEETING, " STOCKHOLDERS' WEETINGS, Pt DIVL’OII lmn-b) N\Ylllfl that the Annunl Meoting of By enso s runa trine Raiheay Comginy wifl bo i S et ARyt Clty of Ghicn, by ke, o A e nech at 4 ok b g T AL 1EG oro Portituron, Mich., ¥ob. 79, o Notteo {s horety wivon that tho Anp b un] Mooting of mdtmml |r'\ml Jnuulon Rallwny Compnny will bo i N nesdiy, the Marchinoxt, avS'clock .. CHAS T ‘ W LPort Iuron, ich., Feb, \ IO, FOR SALE. umnum. Hganc: nd wod will o€ 1 raom Tlo- & e now dolug & lareo bustnoas, oy ‘..':'{‘f."“' extnblished theoo years, und the L phrietors owiti o wleknvs, [~ compeliod to ‘Lw u ualhx‘r parliculars call %7 Bouth Clurk-st., FOR SALE. 00 Horlh Clark-st,, a Flrst-Glass Grocery, Cause for I 'mu;:lnflmnf;cnutwlllh:elplnlncd. Address = Mu:um \1' L RING, TAILOR & DRAPER, x4 BUIING GOODS AND STYLES NOW READY. FinoTulloring Gur Speotatty, PARLORS, ~ 157 S, CLARK-ST. ‘Ulrl' IAD G ylcrum, FRAMES u "t“v:‘!nlwmly !:!‘Sm unvru:l lur,\lny Ili Q HUHLBIJT & Gl]., 10lesale D [ 25 and 77 wnnrlullglhgg.ls S’ 41 Price it Ull' lutifaoy Fpanish \White . Aluroria A¥hito Awnerta Grapus, Californin Blnek G i | voly bpes == oty it fidio Grapes 1y Bu ." Ury SUTTERINE, suiionses sz foung y cx:,”"‘“ -w':.f:“:,"’ % Butterine or Buttor Btock. TRt tichards, mnnutacturer of Mur- Stution and Buttor wtack, 2 Fifiine, -‘U\M 01'-81' ,1..5. ysiers 20c a Dishl Froah und elogunily sorve d,_lcataurant cumplote. BRAZLLTON, 0 Mudlaoaest, SATURDAY, FEBRUARY 6, M».LB AN 'y"l'fll'i,"1ll'9:1"l':rw st Anmual Statement or ™Y ASHINGTON Life Insurance Co. OF NEW YORK. W. A. BREWER, Jr., President. Net Alw{l' o » 835,28,224.73 N 80,600, DISBURSEMENTS, Clnims by doat L 00608 ‘\huun-d‘ymld df ¢ " promiun: Annuitios.. ", Dividens to Expunsen: Jtont, 3 mimise slunx, salirios, postaue, nuvertisng, medicl ex- ADINAUONE, Ole. . 169,614.00 1361.61821 Not Assots Dee. 31, ©5,468,100,88 ASSETS, und N. Y. City i Rt sents' bulunces, 1034 Add oxcoss of markot BAB) ¥alne of stocks over 104,05857 i B8 itiis, 10383 PoF cente, DAL Grom Ascte Thec, 81, 18800, 86,840,714.88 LIABILITIES. N osorve, A amer Taoni Surplus ..$040.85a.u8 83,540,714.88 H. D, PENFIELD, General Agent, 148 La Salle-st., Chicngo. __ LADIES GARMENT! THE BERLIN SUITCO, No. 237 State-st., near Jackson, Are pleased to announce ta the Ladios of Chicago Zthat they have opencd at the abave Number with ® FULL LINE ot Ladies’ Garments, Cun!hllngnf ULSTERS, HAVELOCKS, CIRCU- LARS, CASHMERE, SILK, and STUFF SUITS, etc.,—atylish and well-made goods, at low prices. THIS WEEK'S “'SPEGIAL INDUGEMENTS": 100 Ladies’ All-Wool Cnssimere Ulsters at 36 cach; cheap at $0. Elegant Black Silk Costumes at $28 and $25 ench, upwards, Stylish Black Cashmere Sults from $11 upwards. Ladies’ Underwear, Callco Wrappers, Calico Snits, and Dress Trimmings, cheapor than anywhere else. It Wil Pay You to Give Us a Call. e OCEAN NAVIGATION, NORTIL GERMAN LLOYD. New York--London--Paris. Bteamers sail Every Saturday from New York for Southampton and Iremaon. Tamengers booked for london and Paris at Jowest Katon of amazo frum New vork to \mulmm . Jondon, HMuvee, Tiremon, first b St o blumk cabit, 001 eomust, Eu s tsn llokets at reduced rnlus. OISLIICHS & Bowiing Gre Pho. mcurdo. rate by Nor Sosteananya from Bromion to. Chienso lnm aud tho only PR uuthoptzed t well wiuss tokotd sSoush Clnrkest,, Guneral Auoits, & Wi BN G ENBUIG, 164 Fiftheav., Local Aushts, ONLY DIRECT LINE TO FRANOE, Genoral Traoentinutic Conipnny, Botwoon Nuw York und llaveo, Pler L. footot orton-st. Travelers by this ling Gvold hath transle by ingltsh iy and o discomtort of erossing thy Chaniuotiu s AN Wednontay, Mareh % 7 pmn eitumny. Atrel, I 4 1 Fita o Wednosiduy, M ni [ ASAUH (neiuaing wiio) AV it Cabl, (W und £, Second b n.n. Htou e S5 AGIIING Wino, Bedding, & . Chc! ut 1yunsin of Ml T ot 16 st AN, Auent, 6 Bowling Greon, 100t ORI n}l‘lN bin Agent, @ Clask: v abin Agent W N Stevrae agont, |7 Chionssr INMAN LINE Ocean Steamships, Carrying the Dritish and Unitod Statos Malls. uir Vork and Liverpaol, viu Quucnstown. Tickats 10 wid, from th brincipal Knghial, Scoteh, Jrish, ‘¥rench, German, lalion, and Seandinaviad ¥ iieao stenmars cery no liv stock of any kind, FRANCIS C. BIOWN, Gon, Wostorn Avouty Boutn ¢ rknlt..l.lnuuu EW- DRAFTS on Gnmb Britain, lrolund, sud i Continent for sale. AMERICAN LINE. Philadolphia and Livorpool, calling at Queanatown, Entlliig rogulirly ovoey Wodnowday from Dhiiadal: pliu, cartying capln, bilermudiato, and stoarase pes LCnvur wad tho U . Stutl, e RED STAR LINE Carrying tho United Btatex and_Royal Bolginn Malts, Vo phiy Dircet Ling 1o Antwurp, ia Bolkiont, suing grory Hutirduy feuin Now York arid ovory alternuta Haturduy trom, Bhihudol dimivn uf Uredly LOUIS D1 waw Ticko ' from Yurape nnd Drates on un--u ieltain and llm ¢ nnlluu“l upply o PETEIWILGIT & HORN Uy l)unuml Agents, W, B, LAWREN i ket Mandotuis DIRECT FOR GIBRALTAR AND MARSEILLES, Tho folfowing stemmor wiil leave "Now York diroct for Gibraltar uud Mursollies, taking freight and pass s, mmnu;..m. FEUL S, Tt Aurels 24 oot VIR DR N ANSHIEIES Cubotcar At f 1 oo Likton Of pasaigas Ficas Cabin, S0y ST0om, Boe Cor par russ N, Agont, 0 Bowllug Groon, foot of % Cabin Agen 07 Clan WAl WEN Fisit biostarsAgont, } 7 Chi ANCHOR LINE MALL ST BAMERS ', York and Glasgow. DEVONIA, o AN SR TA reh 12, Tpm i :h\ Murtln-l;;u:n Entioviddiar lultnm hitag stuariors 40 Hot carry cattle, shoop, oF Now York 1o London diF I AUSTHALIA Fob . dpu S1a 9am abins, 8510 1. Ecuirvion 1ieKoia'at Toacod fatos MENDERSON BUOTTUEIS. 6 Washington-st. STATE LINE ’K‘u Qlasgow, pool, Dubling nom nd London- dorry, frum N, wvery ‘Thursduy, n “ublt, $3 to $13, uecording amuiodation d Cabln, $. Huwlru|i~l uulwt‘m. le.'.l.l. 'anu llcluu;n uury nallhur JUlI:( Ith(ll!\, Weatvru llul\fll{ll‘lu m( WRITE STAR LINE, Carrylug tho Unticd Mintos and Muyal Matt bolwaon i Yurk wad LAvorpool. Fur paasuko apply 10 Come pany's vflice, l! yih Clisrk-st. ALFREL BRGIERS, Gent Wostorn Agent. E-iratis on Groas Drituid and Eroland, ‘ STEAM PIPE, JOHN DAVIS & CO., 76 to 79 Michigan-st., DEALERS IN Wrought and Cagt [ron Steam Pipa and Fittings. i 0uds of eyery an.crlmmm Also, Worthiuge tons e R S S T % Will offer next week 60 Ghamboer Sets! Choice, desirable styles, at 25 per Cent From our Lowest Prices, This is a specinl sale to close the line, and will be continued until every sel is soll. We ask those intending to pur- chase to nfford us an opportunity of- d onstrating that OUR PRICES ARE POS- ITIVE BARGAINS. SPIEGEL & CO., 251 and 253 Wabash-av,, NEAR JACKSON-S’I‘. Tuo Days Oy, ! Our new mmlcu, together with our early importations of choice mhrlw for the season, now in read- for inspection, 10 per cent (liqumnt, until March 1, 1881, and 20 per cent on all llun,\, Winter Goods for sume period. EDWARD ELY& CO. TAILORS, 163 & 165 Walnsheny., cor. Monroe-at. . DL"\'TI SIRY, Dr. Day, 133 East Madison-st. RUBBER OR Best {CBLLULom,} $5 Gold, 810, ¥illing, 1= Old IRlatos. VITALIZED AIR Or s givon treo tor paluless extmeting, 13 East afscnat: . Inventor of Lower Suctlon Plate, which never loosens while talking or d.ll(,hlg‘ years® actun! fest without a fallure. OPEN BUNDAY. LODIMIbeO\' A jtcll.»lNl Se . PIELD, LINDLEY & (0., Commission Nerehants, NEW YORK, CHICAGO, AND BALTIMORE, 88 & 90 La Salle-st., Chicago, JONN P. TRUESDELT. EpwARD 8, WASRDURN, CYRUA W, FIELD, Booc'al DANIEL A, Il L IRRrT. MONE?@“&QAN On Inproved Propety i Chicagy AT SIX PER CENT. Applyto JACONS, sewient. New Prices. H New Catatogue, Hont Free. Avcuta wanted in vvery County. Where wo 3 huve no agent will sl pamply wholvesle, REED'S Temple of Musto, 130 State 8t., Chicago. Fino Bpectacios suited to all sights on sclantifio principles, Upors and Field Glasses, Poloacopos, Mi T T AT DISSOLUTION NOTICLS, " DISSOLUTION. " The frm of Bnyder & Suydor In thia day dissolved by mutual consont, Juoub biydorlsuiune sutieriaed 0 collect all outslindivg cialms, wnd ussuines the Hibilis tun of the Hem. 01 SNVDER CHiCAGO, Fob. 24, 1881, NYDI ____CELLUIOID GOODS. CELLULOID ( Wuler-praof]‘ fr~ en ) Cupls, Collurg and Bosoms, Price Lists and Goods sent by mail. Call or address BARNES' Hat Store, 86 Madison-st.,, Tribuns Bullding, AT G0 yesterday morning, after an all- night sesston of fitibustering on the Appor- tionment bill, Mr. fawley, of Connceticut, suggested that the wholo matter be referred to acommitiee of ten,—fve from the Demo- cratle sideof the Ilouse and five from tho Hepublican side, ‘Tho proposition s readily acvepted, the Democrats selecting ns thelr representatives on the Committee Cox, Thompson of Kentucky, Ieagan, House, and Morrison, and the Republicans se- lected Conger, Shen.\'m. Laphat, An- derson, and - Shallenberger. The Iouse then taok a recess wntil 1030 a, m, On reassembing, Mr, Whilaims, of Wiseon- sin, offered approprinte resolutions on the death of Senator Carpenter. Mr. Jinzelton sgeonded the resolutions, and spoke a few words i eulozy of the dend Senator and of sorrow nd his death. The resolutions were mdopted, and the Tfouse adjourned as a mark of respect to the momory of the decensed statesman, but came together soon after for the Friduy sesslon, ‘I't1x; efforts of the Natlonal banks of New York to coeree Congress In the matter of the Refunding bill caused n stringency in the York and Philadelphia money markets yesterday which eming’ very near result- ing in a panic. The announcement of Secretary Sherman that he would redeem $10,000,000 worth of bonds at par and with acerned Interest had only o temporary effect, ‘Ihe National bankers eontlnued the work ot contructlon, and securities of all kinds were thsposed of at great loss in order that ready cash might be obtalned, The organ of tho National baukers says that if tho Carlisle sectlon "bf the Refunding bill Is not stricken out, only Its defeat In cither Ilouse, or *“the distinel announce- ment by the Presldent that it will not meet his approval, unless ddprived of its unjust provisions, wiil restore confiddence.” This statement sufliciently exblains thestringency, and the purpose of thosg who have created it. At last the Irish Coorclon bill has passed through the flouseof Commons, The House of Lords will now make short work of it, and it is probable that the blll will beecome o law early next week, and that arrests will bo made under Its provisions Immediately there- after. During the de?utn on the DIl Iast night Mr. Forster, raplying to a bitter speech by Mr. Cowen in denuncintion of the bill, suld [t was thne for the Ilouse toshow its strength to deliver Ireland from the terror- ism of the unmwritlen law of tho Land League, and added signifieantly that he loped it would show itself **strong enough to pass such measures as would render any future Coerclon bill unuecessary, by making the people of Ireland contented and vrosper- ous.” Justin MeCarthy's motlonZto reject the DIl was defeated—321 o &7, Six English members voted with thoe Parnellites. Tue new Spanis seems deter- mined to pursue n liberal and tolerant course notonly in Spain, but in'the Spanish colo- nles. Al press prosecutions aro to be aban- doned, and all journulists imprisoned In any part ot the Spanlsh dominlons nre to be re- leased } tho right ot public meeting, of tree votlng, and free speech is to be nccorded to all the subjects of Spaln; the Professors who were dismissed from the Spanisk Univer- sities through Ultramontane influence dur- ing the last Administration are to Lo re- stored; the poliey of lberating the slaves In the Spanish West Indics will be encournged as much as possible; and the educatlonal fa- cllitles of Cuba will be Incrensed by the establishment of a university at Havana. For Spaln this is a liberal program certainly, Tii Conference Committce of the ouse on the Apportionment bill falled to ngreo yesterday, ‘The Rupublleans held out for$19 s the number of Representatives, while the Democrats wanted the number _ fixed at 307, ‘The Republicans hope that 419 will bo finally agreed on, as Tennsylvania, Noew York, and Ohlo would gain one member ench thercby, nnd they think that the Democratic membors from theso States will voto with thoem for thnt nunbor. On tho other hand, Mr, Cox thinks that 307 will bo the number agreed upon, as, in his oplnion, that is the fairest number, The Committee will meet sgain to-duy, uml 1t I3 possible, but not very probable, that an agreement may bo arrived at. Mn. McMAnoy, of Ohblo, caused n sensa- tion In the 1louse yesterday by charging that an amendment to the Naval Appropriation blll, appropriating §200,000 to enable the Secrotary of the Navy to establish naval and coaling stations on the Isthmus of Pan- amn, was @ job In the Interest of a corporation called the Chirlqut Land Compnny, and that Execeutive intlucenco had been used in furthering the job. s reason for making the latter statement wis, that Private-Sceretary Rtogers had urged that the appropriation be passed. Blount, Goode, Whitthorne, and other Democratic members ridiculed MeMnhon's sensational stories, but it 1s probablo thnt something more will be heard of them, : Some: importaut journallstic changes are about to take pliuce In London. Edmund Yates, who is now editor of the London World, Is about to start a new evenling paper, of Whig proclivities in all prebability, and 1lenry Labouchere, the editor and proprictor of I'ruth, has bought n prrtnership Interest in the Pall Mall Gazette, which will in con- sequence doubtless becomo even moro Kadl- eal than it s at present, With John Morley and Labouchére m editorinl chargo of what ‘I'hackeray used to eall n journal **written by gentlemen for gentlemen,” the Guzclte will cambine the gravo and the gay, and be “a power In the land,” Wik the Rev, Dr, John Cotton Smith, Rector of tho Eplscopal Cnurch of the As- censlon, of New York Clty, was returning from a parishioner’s house to his own resi- dence last night nbout 10 o'cluck, ho was set upon by a thief, who struck hima stunning blow with & billy, and then attempted to wrest from him his watch ana chaln, The reverend gontleman resisted, and, some par- ties coming up at the moment, the thief wus trightened and madu ofl. Rocievort denounces the members of the French Chamber of Deputles for huving be- loved or affucted to belleve Gninbetta's statement in referonce to the (reck arms question mado last Monday, It Is now stated that the passages in the English Par- llumentary Blue-Book, on which the charges against Gambetta aro bused, were communis cated to the French press by an Irish Home- Ruler,—Alr, Q'Donnell probably,~who thus 1881—SIXTEEN PAGES getseven with the Frenchiman for a former slight. M. Fonsten hins not quits gotten over his trouble with the Parnellites hefore he hny come into collislon with the Tories, 1le has given notice that he will move the postpone- ment of tho Irish Disarming bill next Mon- day night, and Mr, Chaplln, a leading Tory, has expressed hils determination to resist the postponement, and from the course pursued by Sl Stafford Northcote It is probable that Mr, Chaplin will be supported by the entiro Tory purty, Ty Senate Committee on Comnieree ndded 81e35,000 to the amount appropriated by the Tiver and Harbor bill as 1t passed tho House, Of the Increase Wisconsin gets $100,000, Mich- igan £31,000, Minnesota £25,000, Indlana 840,~ 000; 825,000 goes to improve the harboer of Vicksburg, and £15,600 to lnprove the Mis- sourl River from Kansas Clty to its mouth, The bill as amended wns reported to the Senate yesterduy:. A DBrue-Doox denllng with the Afghan War, supplied to members of the British Parliament yesterday, contains a letter writ- ten by that venerable old fossil and military nonentity the Duke of Cambridge, In reply to a letter by Sir Garnet Wolseley, and bitterly opposing the evacuation of Can- daliar, whieh Gen. Wolseley fuvored. Of course no nttention was pald to the Royal Duke's views, Crier-Grais-Insercron REvyonnps was examined before the Investigating Commit- tecat Sprinefield yesterday. He defended himself and his subordinntes agalnst the charges made agatnst them. Mr. S, IL Me- Crea was examined for the defense also, but the eross-examination of Mr. tlow s0 shat- tereg his testhmony that fv will searcely hiclp the aceused parties. mr— Ix the fTouse of Commons yesterday Lord Ilnrtington said that the evacuation of Can- duhar was not the result of any understand- ing between Great Britaln and Russia. 1t was also annouticed In the Cominons that tho negotintlons with the DBasutes had not re- suited in a peaceful settlement, and that the war with the dusky savages will be con- tinued. Tur Rev. Henry Ward Beecher told his congregation last night that he had canceled all his leeture engngements in order that he might beable to devote himself to the ** de- velopment of personal religlon in the hearts of his people,” A serles of revival meetings will soon be commenced in Plymouth Chureh under his ausplee: Mnr. ManrsitaLr's Compulsory Education blll passed the State Senate yesterdny., It provides that parents and guardlans shall send children botween the nges of 8 and 14 in thelr eharge to school for twelve weeks Inench year, the thmo of attendance to be conseentive, except for good and suflicient reasons, Tu: French Consul at Cairo has not been acting prudently, Durlug a recent mani- festation of displeasuro on the part of the Igyptian troops against the Ezyptian Mine ister of War the Frenchman Is reported to have interfered, and bhas been recalled to Taris to explain his conduct, Mn, PARNELL has gone to Parls to rest, nottoact as propagandist of Land-League principles,—at least, that fs the latest con- struction put on his visit. It Is probable, however," that several new {nterpretations will bo piaced on Mr. Parnell’s action during thie next twenty-four hours. Tur: Rev. G, 1. Poole, whose death at Fiatbush Ilospital, near Brookiyn, from small-pox, and subsequent burlal In the Pot- ter’s Field have been referred to recently, is snld to have left property worth §500,000. Ile was a very eccentrle man, which led to his conceallng his kientit, Epwix C. ITAYDEN was yesterday hanged at Windsor, Vi, for having wurdered his wife, Gertie Ilnyden, at Derby Line, in that State, on the Slst of August, 1576, The crling was ono of the most dastardly and atrocious ever comumitted in this country, Tue Volksrand, or Parllament, of the Orange Free State, has passed resolutlons of sympathy with the Boers—30 to 8. Several public meetings have been held through thoe State, in which not only was sympathy ex- pressed, but material nid ufl'urc(l.' Ronkur DUNN, n lottery-tickot dealer of New York, was yesterday sentonced to six mouths ftr the Penitontlary and to pay n» fine of $1,000. Lottery deallng Is completely broken up In Now York through the vigor- ous work of the authorlties, Tse Cuban and Porto Rico members of tho Spanish Curtes are fndefatigablo in nrglng Spain to reform the tarlif laws of thelr re- spective Islands, and to enter into anew com- mercial treaty with this country, Tue Agriecultural Appropriation bill was passed by the Senato yesterdny, The Senate Connnitteo ndded §20,500 to the amount ap- propriated by the House, and Its action was approved by the Senate, Joux VoNpErMEIDE was hanged at Shel- byville, Ky., yesterday for the murder of Ite- beeea Johnson, neolored girl, near Browns- boro, Oldham County, Ky., on the 2lst of July of last year, Mz Hevuy W, Moonk, city editor of the St. Louls Post-Dispatch, refused to answer cortain questions put to him by a St. Louls Grand Jury yestorday, and was sent to jall for contempty Tur: French Sennte has adopted the bill passed by the Cinmber of Doputies mposing A tarlil of 60 centimes por 100 kilometres on foreign wheat Imported Into France. MEssus. ATKINSG, Clymier, and Baker were appointed u Conference Committee of thoe Tlousus on the Leglsiative Appropriation bilt yesterday, M JouyN L. Fuisuwig, of Michigan, now Consul at Rlo Grande, has beon nominated for Consut at Rheims by the President. ‘Tug; New York Emigration Comnissioners nsk the State Leglslaturo to apuropriate §200,000 for their expenses this year, \\fAnMi:u and cloudy wenther, with ocea- slonul rain or suow, followed by colder winds, mny he looked for to-day, ml ‘T nomination of Mr. A. W, Ifalt for Col- lector of Customs nt Milwaukeo wus con- fired by the Senate yesterduy, 'l BENATOR CARPENTER'S lifo was Insured for 850,250, A GOLDEN GORGE. Panic Along the Borders of the Raging River Pactolus. America Trembling on the Edge of a Financial Catastrophe, The Conspiracy of the So-Called National Banks Doing Iis Perfect Work, They Have Taken Nearly All the Money Out of New York City. Reputable Dusiness People Compelled to Pay Inferest at the Rate of 472 Per Cent. No Such Scenes of Suspense and Terror Since Black Friday, in 1889. Infuriated Men Shaking Their Fists in the Faces of Smiling Bank Magnates. Efforts of a Republican Minister to' Check the Effect of Demo- cratic Folly. A Genuine Seare Among the Two- Weeks' Financiers Who Passed the Bill. The Opening of Business To-Day in New York Awaited with the Ttmost Apprebeneion, NEW YORK. A TERRIBLE DAY, THE WORST SINCE BLACK IRIDAY. Special Dispateh to The Chicago Teibu NEW Youg, Feb, 25,—The Stock lxchanga was the scene of Intense excltement to-tuy, and the speculation thercon was on a sculo of magnitude which has rarely if ever been equaled. - Seldom hns the market been subjected to n straln so sovere, and had not the Inte upward movement In prices Lbeen founded on o more solid basis than " that of many vrevious ones, the consequences would In all -probability have been uch more disastrous. In the carly hours thero were anxious, frighteied faces by the score at the Stock Exchunge, nnd everybody was uneasy. In’ the oflices the tape recording the quotations was plcked up Ly trembling bands, and ench tielz ot tho in- dieator scemed Jike a knell. Money advanced 14 per cent. Thus, while THE RUMBLINGS OF TIE EARTIQUAKE were heard on all sides, the market opened, and its wealk and foverish condition realized the worst forebidings. In the afternoon there was n veritable panie, such as has not been equaled sinee 18T Though there are no disasters to record, the speculutive publle being the prinelpal losers, the contlnmed deposits of in tho Sub-Treasury by the Nationul- banks/ agalnst intended with- drawal of circulation In anticlpation of the passago of the obnoxlous See., 5 of the new Funding bill, caused sueh a stringeney Inmoney during tho carly morning hours that as high as 1) per cent per day amd ¢ per cent per annum was bid for lomus. Usider the consequent pressure to sell, stos prices tumbted from 1 to 17 per cent, and for efgn exehange became demoralized, bringing THE EXFOLE 1 3 MO A COMPLETE STAN Leadine drawers of Lxch.nmu in reaching for a markat, reduced thelr rates threo thnes without eifeet. Hrakers found that they had to sell their stocks In order to obtaln money, and sowa _of tho strongest houses on the street refuséd to buy asingle sharo on margln, Investiment orders were only accepted, and spoculntion was at a standstlll, Never sinco Dlack Friday was thero more Intense exeitement, Everyapecies of stock was shaken by the remorscless blast, and the strongest houses began to feel Hs fury, whils tho smnll eraft were driven beforo it It was thought at first that the auction of Sccretury Sherman would check the tendency to panfe. 1t did have n transiont eftect, but the dauger was by no means averted. The Indications of n panle becmo more and more pronounced, and the excltentent grew apace, Some, how- ovor, wers fnelined to take n more hopoful view of the situntion; and to vely on the Treasury tosee them through, “Thoenlls on'the banks are so urgent and percmptory that they aro obliged to straln every norve to meet them, THE STREKET WAS MAD aver tiaht money, n3 the banks were with- arawing their clrculation, Yurlher vellef from Washington, it was sald, would be ne- cessary bofore the panio conld ba stopped, 1t was nday that will not suon be forgotten on tho street, and it will bowell 1t that terriblo reof of fluanclal disuster bo not strewn with wrecks to-morrow, HORIIBLE KUS SK—RECITALS OF THE PRESS, Tu the Walern Assoctated Press, * New Yonux, Feb, 25.—Fob, 25, 1851, wiil bo # momorable day In tho history of Wall streot. ‘Tho lull that followed Sherman's an- nouncement to purchinse botds was tollowed by a full that bordered on n panie. All through the forenoon stocks fell, 'Lho ux- citement was hitense. On Wall, Broad, and Now streets small groups of exeitod moen athered, discussing the situatlon, On al- most every face there was an anxlous expres- slon, and muny s hand that toole the tape trombled with suppressed oxcltement, The confllet betweon the banksund the ment seetmed to favor thoe former, for, necord- ingly as the banks recelved thelr checks for thu bonds that they seld to the Government, just sosoon wero they deposited with the Bub-Treasurer to retire circulation, At 330 the situation was deeldedly critieal, Lvery moinent the anneuncemoent that sone one or somo houss had succumbed was vxpeeted, and T BUSPENSE and doubt and uncertsinty aggravated wmat- ters beyond description. Fortunately, there was not o siugle fallure—at any rate thero wis no publication of one. Meantimy, the wmaurket contiuued to fall, and the minutes to cash’ 5' SiVE CENTS. ° the closlu/ 3 ndny\vnrcnnximmlycaunled. Money w g 5 drcentover ulght. The banks refused & ans,and wero calling In alf thele Todnn w3 rapidly ns human industry could. Somo of the best men of the streeh found, for the first time, thelr personal ap- plleation for loans was refused, The neatest and most coneise expinnation of the situne tion, according to the Commercial Advers v Wi expressed by George B, Satterleg tent of the Mining Exehange, gIn thig ¢ *Itls a questlon, in my mind, whether the clique of bankers I8 to dietate (o Cone gress and the country what Is for tho bes! interest of the country, and to manipulate the money market in order to depress tho stock market.” — TIE “anarie! says: “There Is excellent authority for tho statement that the great stringency has been seeretly assisted by the large operators on the bear skle, who are 2 . STILL DITTERLY FIGHTING GOULD. Mr. Gould tnkes the situatlon very compla- cently, and quietly assures his friends that it they hold on 1o thelr long stocks for a forts night they will doubtless seeure profits of 16 to 15 above tho present prices, The bulls think that, congldering the excessive Joaning rates, tho stock market hes heen very well sugtuined durlng the past few days, and somo beavs admit this. But that easier funds niust follow svon is the verdict of all, or a crash in the street wil be fnevitable. A prominent house yesterday pald ns high as 134 per cent premium for aloan of $30,000 untll to-day, aud it number of brokerage concerns ware UNABLE TO MAKE UP THEIR DANK ACs COUNTS AT ALln It {5 sald aprominent house, unableto horroww funds on ;oo seeurities, was obliged to take 300,000 T urities to its banks. ‘This 1s what i3 ealled *Iyving down on the hank,” nud i3 seldow done.” Sound business houses generally prefer to sell their sceurities for whatever ‘they will bring. Some of tne Teading Wall street bankers think it will lie In the povier of the Treasury Department to alfay the present monetary” distress by an- nouneing the payment of §25,000,000 ‘ealied bonds withont réhate, and it is hoped Sher- 1 Wil ddo this at once. Assistant- easurer Hillliouse said the Sceretary wasg fully resolved to afford relief If he has the means, and the present Administration {s de- wrmuml 1ot to o out of office with a panio In Wall street. THE ** EXPRESS " says: “Early In the day the market was de- pressed,and thera wasashar, nducllm-(mm the closing uotations or)uslen The fall in prices” vanged 11o 714, S m bu{orL nnuu t was nnnounced that the Seeretary of the Treasury hat [ustructed tho ,\s«lsmnt ‘Freag- urer here to pitrchase at par i acerued ine terest auny of the unealled 5 and 6 per cent bomls of 15st, This had eifect for o short time, aud prices recovered 1to 41§ from the lowest polnt of the morning, Aftor this there were renctions and rallies, and tho ket was in a feverish condition, belng fn- | by the changing course of money arlons reports from the Sub-Treasury In regard to the amount of bonds being turned in for redemption, .amd the amounts of gold and fegl-tenders being deposited to retire Natlonal bank cireulation, After the Secomd Board, there was o renewed lnxcssun' i whieh' carrled some stocks ¢ THE * POsT " says: “The Stock Exchange hasnot been so thoroughly stirred up fora fmus timeus It was this mornlog. In the early hours there AWILS LV cr\' Indication of n panle, A s fell 1@ per ecent for s A ent for United States Londs, 4 pur cent for railréud bonds, Money need to 137 per cont per day, fn addition to per cent’ per annum, Fuorelgzn exehango. beeame utterly demorilized, so thut blls rep- resenting exports of domestie priducts conld not by sold. When- the outlook was most threatening Seeretury Sherman sent word to Assistant-Trensurer 1illhouse to buy $10,- 00,000 of 5and ¢ per centum bom!s. m)lns: for them hore, Tuis Is, e of the 825, 000,000 cnlled bonds for wi ch cmullumml prrwymcm hasalready been wmade. Tho opinion of experlenced observers is, that to- day’s netion of the Trensury will eheek the tendeney mnpunlc Within an_hour of tha recelpt-of lo-dny's order from Wushington u.flmoo in money was paid out fur bonds put in.”. I’R[CD seH, own still lower TIE “ COMMERCIAL “AWall street ins not auite shiaken off excltement which settled down this ntorning, 2 i) the stock market zalur, The banks fe wre still ealling In thelr loans, nnd It lq next to hmpossible to make a loan with One Instance has come notice whero one house o ane etfort to ef- fect i loun with ungestionable collateral ut twenty different ha but without suceess. 'I'he faet that 3700,000 has heen pald into the Preasury to-day to retire eireulation does not add strengeth 1o the comdition of things, Cone siderable feeling exists ngalust the. promot- ersof thosiper cont DIl In not pushing it | throngh In’ order to check the retiving ot legul-tenders, for just as soon a3 tho I'resi- dent shens the bill=and ot this fict tho great- est confldence exists—the tlow of money into the "Freasury will cense, Stocks declined from ® to 17 per cent under great exeltement, ~—tho “decling being caused by the extromo stringency in money,—but closed at u recov- ery of 2 per ccl TIHE “TRIBUNEY says: “Ixeltement marked the opening and closy of tho Stock Exchanze yesterday, In the mornlng uncertalnty avont the action of the Treasury Department, which had held ont vagun promises’ of relief the night be- fore, conpledt with the known lightuess in the money market, erented b unensiness, There a pressure to market stocks, un- der which pricesrapidly declined. A marked ditferenco wus nuide between regular uml’ cush prices. This difference fndleat o genernl apprebenston that was felt in n- gard to the rates of money. The heaviest decline, however, did not exceed 7 per cent, and the prices of many stocks were compar- atively steady. Shortly bofore noon o dis- pateh was recelved ut the Sub-Trensury from tho Departisent at Washingtou suthorlzing the |mr4,lnwn for the sinking fund of not mote than $10,600,000 of uncaited 5 and 6 per cont bonds it parand necgied fntorest to dato ot panyment, ‘Tho annot®cement of the ne- thon of Seeratary Sherman wis recelved with o shout on the tloor of the Exchange, The exeltonient beeamo still greater than boforo, butthe Inetlnation to sacrifiey stoels wus sat- fied anet the price rallied, At the Sub-Treass ury muny holdoers of these bonds presented them for sule, und WITHIN AN HOUR tho Assistant Trensurer had paid out about §1,500,000, Tu compllanes with the Sceretary’s order, ''lio eash deposlts to vetiro baul cir- eulntion amounted at the sume thoe to over S000,000, After this offers of boends wero nluw “and the whole amount recelved the close of business was ouly $U,087,) Among tho . bonds early prosented for payment wera somu of tho tives embraced futho $25 00 call maudo by the Departinent Mon: ment of these wag refused LSO (hu Sub- “rensury d not boen wuth to redeent then, Tho nuount of these catled bonds sented was not large. 1t had been prophesied by umn{ ut the thmo the Seeretary’s order 1o buy bonds for the sink- Iz tund was mide publle that the amount authorlzed by tho order would bo offered during the day, These predictions were not rentlzed, but, despito the slowness with which the bonds were presented prlcvs atthe Stoek Exchango wore sustwined until after the timo for the regular stock delivertes, For nearly two hiours the fluctuations hud been sunll, nnd. afthough the market appeared fuverish, slight changes in prices had beenr towards high figures, IN THE LASE ALY JIOUR OF LUSINESS Intense oxeltemens ‘)w\nllul ‘The utmost stringency existed In the money wnrket Hanlks wero oblizad to call u lurge umount ot louns, and very few of them were uble to ex- tend necommodation to their customers, Under these conditlons rules for call loans - advanced to high figures, aud, although they did not exeved L per cont commlission on the floor of the nnge, 8 higher rta wig gmhl I Lo street after the'close 0F busines leading broker banks were the miuch contusion. Long lines of messengers stood ot the windows of the c(-nmuulon ks und vecelving telters, 'These curcujly serutinbzed tho accouuts of the bank’s sus- tomers before they passed on the chiecks, und, In soveral eases, this scrutlny resulted in voxutlous deluy, More thuu one angry dee -