Evening Star Newspaper, October 6, 1894, Page 1

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———— —— THE EVENING STAR PUBLISHED DAILY EXCEPT SUNDA AT THE STAR BUILDINGS, 1101 Peansyivania Avecue, Cor. 11th Street, by The Evening Star Newspaper Company, 8.H. KAUFFMANN, Pres’t. ———— per By matil—anywt THERE IS A DROP = Only Forty Men Working on the Post Office Building, eens AND THE GATES ARE CLOSED Bad System in the Appointment of Superintendents. ergo A REMEDY SUG& —-—— * Burst of Energy at the post office 6 has stubbed its tee. That is some the case too much speed, or more speed than usual, and a slo always results for a time. This n the accounting for the fact that there are but forty men at work on the building to- day. The high water mark established yes terddy, with fifty-one men, was such a glorious one that the drop today of elev is a serious blow to the hopes of the local people. At this rate the building will be finished along about the 6th-of July, 1900. This demonstrates what the Treasury Depart- ment believes—that it is useless to start to do anything until it is really needed. This seems to be the theory on which a majority of the plans are drawn and the contracts awarded, and so The Star will not take the Pint of yesterday's experience, with a large number of men, and revise its system of calculation now. The chances are that there will be no need for this for a long Ume yei, for it may take the Burst of Erergy several weeks to recuperate from the shock of this morning's set-back. This shows the uncertainty of things connected with the enterprise across the wa: The water boy ts still missing, an: €st reports are that there is every proba- bility that he will cause as much trouble as did Captain Howgate before he is final- ly found again. Meanwhile the workmen are slaking their thirst at the little spigots that thrust themselves above the ground here and there on the site, set there for the purpose of supplying water for the mortar and other things connected with the build- ing. This involves considerable expenditure of contortional ability, but with a few days" practice, the labcrers say, they may be able to drink without taking a shower bath each time they hit the pipe. Bo News From ¢ Vessel With the Stone. There is no more news from the Three Sisters, which fs the name of the schooner that started from Fox Island, Maine, on the 11th of last month, laden with stone for the northeast corner of the building. This vessel was spoken when she passed Heli Gate over a fortnight ago, but she has probably been delayed somewhere by the Savannah hurricane and the generally ad- verse winds that have swept the coast. She may be harbori at the Delaware breakwater. It was said that she had been heard of in the river a day or two ago, but she has not yet been spoken, and may not be in for some time. Meanwhile it is quite possible that there will be another schooner in, starting after the Three Sisters, with stone that cannot be used until after the first cargo has been received and set. This fs one of the difficulties of water trans- portation, and some are beginning to believe that maybe this more than balances the dif- ference fn the freights, which are about one- third as much by water as by rail. Thus it may be that although the much- delayed iron work is ready on the first cor- ner, the starting point of all the work, in the early part of next week, the masonry cannot then begin until some days later. It would be a reasonable proposition that the delay of over thirty days on the subordinate contract would give the greater job a chance to be all ready, but it does not seem to be the case. That 1s one difficulty of letting out the contract for the building in-sections. Under some circumstances this might tend to pro- duce quick work, but in the present case it only appears to result in tedious and 1rri- tating delays. The Gates Were Closed. The great gates at the northeast corner, where the citizens and the unemployed con- gregate during the day, were closed tight as a drum this morning, effectually concealing the progress of the work, and shielding the bashful laborers in the trench from ob- servation. Perhaps they did not wish to be gazed at as the suceessors of the historic half dozen who quoted themselves at a quarter a day higher than their fellows. Perhaps the cooler winds that were blow- ing today were too much for their constitu- tions. Perhaps it was thought thus to dis- courage the census taker from making his usual count. But if this were the object of the closed gates {t failed of fruition, for the reporter hied him around behind the build- ing and went him through the rear gate, where the wagons laden with fron beams get them in. And thus he got in, too. The structure of gaudy metal that 1s rear- ing itself to heaven is almost finished on the northeast corner. There are but a few more floor beams to tie in and a few more nuts to screw on. But then there stretches away @ vast expanse of space to the south and the southwest, where a few iron umns mutely stretch their hideous iengths to the smiling skies, as if appealing for human hands to hide their nakeuness. Am Office of Delay. The office of the supervising architect is based upon the same principles, in a me ure, as those that underlie all gover work. The chief element in the gation is delay—delay not so much for the seke of care and excellence of work as of prolonzation of the work. This has been charged again and again, and the archi- tect’s Officials have denied it until denial has become wearisome. There is no pre- mium pleced on the quickening of the work, either to the officials or the contractors. ‘There is no incentive for haste, nu prize for speed. The department has adopted what has proved to be the bad system of appointing guperintendents and foremen specitic buildings, so that it is largely to their in- terests to prolong the work and not to push Wt atead. Often a superintendent is appoint- ed by a new administration in the last Btages of a structure, and there are ample evidences in other cities, at least, that the had enough power to keep the shout his tenure of offic the lat- In the present instance there was enough werk ahead of Superintendent Kinsey, if things pursued their usual course without any negative jockeying, when that official took hold of the building to give him ample assurance that the structure would not be ready for occupancy before his natural term of official life should end. Presuming that he might have had the tendency to so make the work last longer than was nece: and human nature is very much the whether it comes trom Ohio or Kankakec— he has had nothing to sain by dilatory tac- Fortunately for the term which he 1s srve, the foundations for the slowness the work were already lald when he ‘ashington to take charge, and feid as fir s those that are now sup- + porting the small fragment of the building self. Nor fs It to be wondered that these sub- nates of the treasury are thus inclined dally in order to stretch their jobs into Ye positions. Human nature—just alluded fs prone to aceepting natu itles. Jt has long been a t a government job was as good as life If, and why should these men now try reform their inner souls and to set new @tandards up before the world? There is Bo premium paid by the community to shem to their heirs, and tn the light of the Peer mat every man is his own guardian the superintendents are net to be Maligned for their course. The fault lies Che Evening Sfar. Vor 85, No. 21,009 er in the system than in the man who | takes advantage of its loopholes. A Remedy Suggested Whenever a criticism is directe : tem there should be a remedy attached to ae it. Such a remedy for the present ill was suggested to The Star yesterday by one who is familiar with the affairs in the office treasury architect. Said this one: fs no real necessity for the depart- ypointing these superintertdents tor ial building. should be organized into a per nent corps, with r mab) ssurance ot tenure of office during ge good work, and then assigned around t intry to various buildings, not as perma- nent functionaries, but as shif 3 us it were, liable to rdered off to ot duty at any time. This system is in v in the navy and produces the best of re- sults no truer s2 than that which eots that a new broom sweeps co i new eyes and new tongues say more tha . ‘The tirst the superinte system now is its political quent uncertainty of personr evil is the fact that men signed to certain buildings and kept there until finished or until ther a polit sjLake to throw them out. too, there are probably more su- nts and subordina appointed and provided for than are realiy necessary. it is op charged that the office forces on any bu erected by the government is out of proportion; that this is the first item of expense calculated for in the estimates, and that what is then remaining is allowed to go to the labor side of the account. With nt corps, such as has been outlined, this factor would easily be elimi- nated, for any surplus of force would soon adjust itself with an economical adminis- tration, such as would have to be in order a system were put into effect. of the navy in this regard > officials, 4 being trai ‘e placed on duty rgencies may demand, shifted here and there, and never aliowed to become stale at their work. Their tours of duty are made so long that they can become effect- ive, and yet so short that they do not lose interest in their work. La the course of a very few years they develop into efficient, ound men, good anywhere, and always so far as humanity can insure re- There does not appear now any reasona- ble objection to the scheme thus outlined by The Star's inforn: if there is any branch of the govgrnn.ent where a strict application of the principles of true civil service reform are to be applied It is in the building bureau of the treasury, which handles millions upon millions of public money annually and makes or mars the architectural beauty of the countr mad as a man may be in his line, he cannot step suddenly from private life into the public service and perform efficiently. It takes nim months, perhaps two or three years, to beccme adjusted, and then there comes a whiriwind of official reverses to sweep him out and to sweep new nen in again. HE CHARGES FRAUD WA Mr. Gardner’s Bill Against the Oommercial Alliance Company. Says the New Yorkers Concealed the Condition of Their Affairs—W the Transfer Set Aside. The affairs of the Washington Beneficial Endowment Association were formally brought into court this afternoon, when the association, by its president, Mr. Lawrence Gardner, filed a bill in équity against the Commercial Allianee Life Insurance Com- pany of New York, praying for a decree an- nulling the transfer last August of the property and business of the complainant to the defendant; for an injuncticn restrain- ing the defendant from interferiag with the same; for the appointment of a receiver, and for such other relief as the court may deem proper in the premises. Tue bill of the coniplainant is quite volum- inous, and sets ferth that it is a District corporation, while the deferéant is one or- ganized under the laws of the state of New York, but having an agent and place of business here. After detailing its incorpora- tion here, April 2, 1877, and the mode of conducting its business’ under the assess- ment plan of life insurance, the coniplain- ant states that prier to August 9, ISM4, the defendant negotiated for the purchase from the complainant of its business and good- will thereof, and all the personal and reai estate owned by it at that time, the real es- tate being 419 lth street, worth $35,000, ‘That August 9, 1804, so says the com- plainant, the agreement for such transfer was made, the consideration being that the defendant would, in lieu of the certificates of endowment issued by the complainant, issue to each of the holders thereof a pol- icy of insurance by the defendant equal to the sum agreed to by the plaintiff, to be paid to the beneficiary named in the certifi- cate of endowment, and to keep the person so insured so long as he paid to the de- fendant the sum required by the terms of the enduwment certificate, the policies of the defendant to be substituted for endow- ment certificates without regard to the age of the holders of the endowment certiti- cates and without a new medical examina- tion, s a further consideration, explains the complainant, the defendant agi 4 to hold the real estate in trust subject to the claims of all the beneficiaries named in the certifi- of endowment, and would keep and te a place of business here for the purpose of Keeping insured and protected the rights of all such certificate holders. The bill of complaint then goes on to state that the defendant, in order to pro- cure such transfers, and with an intent to cheat and defraud’ the complainant, wiil- fully, ely and fraudulently represented that it (the defendant) was a duly created insurance company, perfectly solvent, and et under the insurance laws with a S vastly in excess IWnbilities, perf sound, financially, nz $20,000,000 of insurance in force, ») and over, and that its net reserve for policy holders amounted to over $200,000, At the time the defendant made such representations, charges the compl:inant, it was not perfectly solvent; it was derelict under the New York insurance laws; it had exhausted its capital stock; the other mat- ters set forth by it s true were, in fact, not true, and its financial condition did not admit of its fulfilling its (the defendant's) terms of agreeme ays the com- plainant, “the defendant well knew and fraudulently concealed.” By means cf such fe and fraudulent representations, continues the bill of com- plaini,the complatnant was induced to make the transfe ove mentioned. And, be- cause ne ration was received there- for, the « Inant contends that it is en- titled to have the said transfer of said business, goodwill, ete., and said deed of said real estate set aside and declared null and void, and said personal property, busi- ness, goodwill and real estate reconveyed to it (the complainant.) Therefore, the com- plainant prays as above state —— The Columbian Presidency. A special to the Associated Press from Waterville, Me., says that President B. L. Whitman of Colby University has refused the presidency of Columbian University of this elty. ‘An inquiry was made at the Columbian University by a Star reporter this afternoon and he was informed that nothing had been heard definitely from Mr. Whitman. —_—_— Ambassador Bayard Leaves London. LONDON, October 6.—The United States ambassador, Mr. Thomas F. Bayard, and Mrs. Bayard, accompanied by Mr. 8. D. Warren and J. R. Carter, left Waterloo sta- tion this morning for Southampton to sail on the City of Paris for New York. HINGTON SATURDAY, OCTOBER 6 VITAL QU ESTIONS THE AQUEDUCT BRIDGE ——— TwoThat Are Being Anxiously Asked in New York. penne WILL MR DAVID B. HILL RUN? And if So Will the Clevelandites Support Him? en ieee bape eae, JUDGE GAYNOR’'S REFUSAL et eS To what extent will the declination of Judge Gaynor to run on the Hill ticket atfect the democratic situation in New York? ‘This question has developed a variety of opinions in Washington, and opened up much interesting speculation. ‘That the democracy must lose by Judge Gaynor's ae- tion is conceded in New York circles here. The defection Kings in sized by it, and that is the great ditliculty ounty is empha- in Senator Hill's path. The trouble in New York city, threatening as it has been and still Is, may be removed. The war over the proposition as to whether a republican or a Cemoerat should head the municipal reform nph of Tam- n the roll- ticket may result in the triu many Hall, and that would me ing up of a large democratic ne for the state ticket in town, The Shepherd } le Must Support But if the Shepherd people in Kings, to pla- cate whom Judge Gaynor was nominated, cannot be brought to support Senator Hill then his chances of success are slim. y effort in that direction so far Judge Gaynor has undoubtedly acted under the Shepherd pressure. His words of personal good will for Sen- ator Hill and his candidacy are accepted by shrewd politicians as being only diplomatic and forced by the occasion, Senator Hill had extended to Judge Gaynor personally a distinguished complituent. The Gaynor nom- ination was distinctly the work of Senator Hill, and so, in return, Judge Gaynor must make polite and suitable acknowledgments. But he could not accept the nomination, The atutude of his friends and supporters in Kings forbade that, and hence his letter. Can the 5 herd people be reached by any means? The Hil people, of cour: will continue to. tr © Shepherd movement boasts of numbers anywhere from twelve to twenty thousand, and this vote, if thrown, now threatened, solidly axainst the Hill ticket, would be almost certain to swamp it, even if the democratic vote else- Where In the state should come up to normal and encouraging figures. Hills Delay im Declaring Himself. Another thing causing serious misgiv- ings in democraiic circles is the delay about Senator Hill's deliverance on the subject of his own candidacy. It was all very well, it is pointed out, for Judge Gaynor to take time to consider, because he was hampered by @ peculiar environment and was jumped suddenly into his first really dazzling prom- inence. There is an allowance of time in the case of young politicians, as in that of young degs, for eye-opening. Judge Gay- hor Was not expected to be able to find his way around the basket at once. But Sen- ator Hill is an old dog, a superb hunter, and has beat over the political field suc cessfully a hundred times. He was not ex- pected to halt and take so long to examine the ground. If quarry was at hand, he was expected to give voice at once, and leap off gamely and enthusiastically in pursuit of it. His hesitation, therefore, is both surpris- ing and discouraging. He ts thought to be running around too much, and tbe opinion is expressed in quarters altogether friendly to him, and solicitous for his success in this race, that unless his start, when he dees get off, is unusually inspiring, his reputation as a keen scenter and a swift runner will suffer. Efforts at Harmony, Scme interesting stories are being told about the efforts to harmonize the demo- cratic factions in Senator's Hill's behalf. The Senator's own manner as a harmonizer is sell to be thoroughly characteristic. Great as the stake Is, and great as his peril is, he is reported to be carrying himself with dignity and assertion. The attitude neither of the cringer nor the beggar ts ebservable in him. He wants to win, and he is exerting himself to bring the leaders of the different democratic factions to a realization of the whole situation, but he ts not dropping on his knees before anybody. “This ig not my fight, but the party's fight,” he tells them all. “I have done noth- ing to bring the democratic party of New York to this pass. 1 don’t care to abuse o' to criticise anybody. The thing to do now is not to bemoan our situation, or stop to consider who brought it about, but to go to. ally to relieve it. am wiiling to do my full share, and more. { am willing to contribute name and whatever prestige may go with it, and stump the state from end io end. But I mest be supported. If I am willing to bury resentments, and do so, my example must be followed. A Meeting With Whitney. “Would you be willing to meet Mr. Wahit- ney The question was asked because the personal relations between the two men have for several years been strained. “Certainly,” Senator Hill replied. “I am willing to meet anybody able and disposed to forward democratic success next month,” “Mr. Whitney may be able to pledge the President in this matter,” was suggested. “I shall uot care to have him to do tRat, nor expect him to do it. Mr. Whitney, I presume, will speak for himself, and that will help. I sbould rather if the President chooses to spcak that he do so for him- self.” Mr. Whitney and Senator Hill met, it will be remembered, and Col. Lamont’s de- parture from Washington to New York tollowed. What Col. Lamont has pledged to the ticket nobody knows, but that he is extremely desirous for his own party that Senator Hill be supported by all of the President's iriends cannot be doubted. Now and then, late in the day as it Is, some friend of Senator Hill will canvass matters from the standpoint of the Sena- tor’s possible declination of the nomination. juppose Hilt Declines, “Suppose,” said one of these men to a representative of The Star today, “that the disaffected Clevelandites should force Hill off the ticket. What do you think would then happen? New York would go republican by a quarter of a million majJor- ity. Not on Hill's suggestion, for he would support the ticket, but simply as a rebuke to a noisy od of cut-throats and imprac- ticables. The whole state would be turned over to the republicans, and Tom Platt would come to the Senate. If the Cleve- landites enjoy the prospect of that sort of thing, well and good. The one democratic leader in the state who would be the least affected in his personal and political repu- tation by such a result is David B. Hill.” The national congressional campatgn of the democracy continues to be seriously af- fected by the New York situation. Tne de- mand from many districts is for reliable information on the subject. Will Hill run? Will the Clevelandites support him? It seems to be of prime importance to know this even in distant states. There fe a blight running among the democratic con- gressional pea vines, and the whole “patch” is threatened. | Gen. Casey Signs the Contract for Repairs Today. t Will Be Di Under War De = ment Superintendents and Not by Private Parties. Gea. Cusey, chief of engineers of the army, today awarded to the Schailer-Schlin- gan Company of Chicago the contract for repairing the faulty piers of t aqueduct bridge for a total sum of This work is to be done by means of the appro priation of $51,000 for the } tained in the District appropr: and thus it will be seen that the contract price ts $14,625 less than the amount avail- able. The work is to be done under thc direction of Major Davis, engineer in charg f the Potomac river improvement, and w doubtless begin in a short time. the materials are now un band, the com- pany having secured the use of a wharf in Georgetown adjoining the Dent iron works. The work is divided in the contract into four thus: $24,000 for building coffer dam around pier No. 4, which long been a menace to the safety of the bridge; $80 a yard for 20% cubic yards for placing concrete around the r, to make it solid; $2: nerete lo repair piers 7 and S, und $1,500 for the removal coffer dam. Signed by Ge The contract for the work was signed by ». A Star reporter had gone to ask him if a statement published this morning to the effect that the repair work was to be done by the electric ratlwi companies desiring to cross the bridge wa true. He replied that he knew nothing about that, and sent for the papers. When they were brought it was found that they Were not signed, although all ready for the final stroke of the pen, tained that the contracts were of Some Caney. ali forn: | drawn and then quickly affixed his signa- ly ture, thus relieving the contractors from air waiting. An rorrect Statement. The statement that was made this morn- that this work is bemg done by private ties Is not correct. The bridge is under the control of the engineer bureau of the War Department, although the District Commissioners have charge of the ordinary repairs and the policimg of the structure. Last winter several efforts were made by local railway people to mecure legislation that would enable them te use the bridge, the plan being to lay the wacks on girders, to be rested on the portion of the piers that projects outside of the Bridge itself. But, m view of the condition of yder No. 4, and of atthe rest of the piers were , the engineers of the army reported adversely om the scheme, and all of the bills to this end,-which were con- sidered by the District cammittees of the two houses, were either reported adversely or pigeon-holed. It was positively decided that no one should d to use the bridge for other than purposes ef om@inary traffic in its present condition. Thereupon ene com- pany proposed to repair the bridge Itself, but the Senate commistee negati “3 suggestion, Senator McMillan deci at he would never conse 0 allow any pri- vate parties to attempt to do such an im- portant work. The qarelesaness might jeopardize the entire structure, Pier No. 4 Injured. So the project of private repairs went to the ground, and the work was ordered through the War Department, whose offi- cers supcrintended its reconstruction sev eral years ago, when the old trough was removed and a new iron bridge was laid on the stone piers. These piers are generally stanuch, except that number 4 has a hole under it, caused by a heavy log striking it during a spring freshet some years ago. The log lodged in a fissure under the ma- sonry and sy swerved the current that there was a large hole scooped under the founda- tion. This caused the pier to settle, and the iron straps connecting it with the framework of the bridge to buckle. It was this that first caused an examination to be made. What May Be. Allowed. It is highly probable that the bridge will eventually be used for electric railway pur- poses. Indeed, it 1s conceded by Senator McMillan, and other members of the Dis- trict committees, that this must be done or there must be another bridge built in the upper reach of the Potomac at Washing- ton. It was partly to ‘this end that the “ormnibus railway bill” was passed along in the latter part of the session, containing provision for a untun pa’senger house to be built by the Washington and Georgetown Railroad Company at the north end of the bridge, and for the terminus there of the new Great Falls electric road. There was no dispute at the time against the sugs: tion that this union station would be shared in thme by a road crossing the Potomac by means of the Aqueduct brids Hence these repairs were ordered, and at some future session of Congress the ques- tion of regulations under which roads shall use the bridge will be considered. The priv- flese of using the structure will probabl not be given exclusively to any company bat there will be as many allowed to ¢ on the same tracks as ean do so without z ing the bridge. The plans for the repairs were drawn by the clerks under Maj. Davis, and not, as published, by private parties. —_—_—_+«.— TARIFF QUESTIONS Secretary Carlisle Expected to De- cide Some This Afternoon, It is stated at the Treasury Department that Secretary Carlisle very likely will de- cide this afternoon as to when the rections of the wool schedule of the new tariff act relating to goods other than those gener- ally known as manufactures of wool will #0 into effect. It is probable that the Sec- retary will define his position in a telegram to be sent to collectors generally or to the board of general appraisers at New York. The Secretary, it is understood, will hold that the entire woolen schedule will go into effect January 1, 1895, thus sustaining the New York board and the collector at Bal- timore. It is also learned that the Secretary to- day in a letter to Commissioner Miller of the internal revenue bureau will decide that In view of the insurmountable diffi- culties in the way of pu...ag into operation the free alcohol section of the new act nothing further shall be dome in the matter until Congress meets again in December. ee The Partridge at New York. NEW YORK, October 6—The British gunboat Partridge, Commander McAllister, arrived today from Halifax,.which port she left on October 2. She mounts six guns and has @ complement of sixty-eight men. She will anchor in the North river. —>——_ South Dakota Land Selections. Acting Secretary Sims of the Interior De- partment has approved the selections of lands by the state of South Dakota, aggre- gating 39,867 acres, which are to be used for Institutional and other purposes. ————————-2_____ Post Office Inapeetor Injured. Information has been received at the Post Office Department that Inspector McClure had his skull fractured at Kansas City, Mo. No detatla were given. 1894—TW NTY PAGE! + A Comprehensive Review of the Con- dition of the Market. RECOVERING FROM LAST YEAR'S PANTS | The Situation on the Whole is | Satisfactory. | A GOOD OUTLGOK! After a prolonged period \ pri ily to e nd , the 2 indl precipitated by s ation, marke for local of awakening activity. In chronicling the retro: of values in the the counir corporate and individual space has been given to the consideration of similar adverse influences at home. The proverbial conservatism of Discrict institu- “ons was never more marked than during | the summer of 1803, when financial dixso- juden was an almost hourly « Collazerals were carefully scrutinized, wide margins demanded and interest 1: naked up to the full i Wout borrowers eriiicised in harsh terms @ policy conceived from an abundance of caution, } and attributed their ha: 8 to individ- uals, or a set of individuals, rather than | to the unsettied condition of the times. | Deliveration and experience combine in vin- | dicating th to whom such - Were addressed and the stability o} stitutions today is a Mattering test of approval. A Reaction in Value: The liquidation n steadily increasing interest str a@ supstantial selli monial sary by a te and a re- y forced vaiues. Forced | and in the pres- Sted borrowing capacity natural in reaction is rarely protitab! astance stopped little short of disaster, y Was eSsential to business enter- prises, and securities were frequently riticed to Obtain it, without regard for vious standards of vaiue. Real estate ob- ligations, more than any one cause, were responsible tor selling of this character, It has been urged in some instances that stock and bond values in the District were sentimentally inflated, and that the subse- quent deciine was in some measure at- tributable to a natural reaction in the direc- tion of intrinsic merit. Without discussing this view of the situation, a brief review of the decline and the percentage of recovery under improved business conditions will not be unprontable at the threshold of what usually proves to be the season of greatest activity in financial cirel Decline and Percentage of Recovery. During the first four months of 18% ac- tivity on an ascending scale centered large- ly in the stocks of the seve trust com- panies, Prices were steacily advanced, in sympathy with @ good speculative and in- Vestment demand, te a point beyond «ii préviows ‘reccrds, It may be: reiarked, by Way of parenthesis, that strictly speaking the majority of the trading in the local market belongs to the investment class, the field of operations being tco narrow to en- courage speculative accounts. ‘The enthusiasm due to fortunate ventures at lower prices, and the feeling of local pride engendered by the Nourishing condi- tion of these comparatively rew enterprises, had carried values up from 4 to 65 per cent above par, The pioneer institution char- acteristically brought up the conservative end of the edvance. In October, one year xo, aflep private attempts to dispose of these securities with varyirg degrees of success, and wide discrepancies between sales, liquidation in the open market re- sulted in a sharp reaction. The 65 per cent Premivm were totally obliterated in an un- warranted ecrambie to convert securities into cash, after an alarming crisis had been succes A premium of 47 per cent was reduced to 16, and one of 40 re- duced to 10. In the year that has elapsed since the recording of these figures reme- dial influences have been at work, with the result that from 25 to 35 per cent of the losses have been recovered. At the present time these securities are strongly held, and while no remarkable advance is impending, the recognized tendency of the market is apparently satisfactory to those most con- cerned. The Street Ratlways, In the street railway department the af- fairs of the Metropolitan road have at- tracted the most attention by reason of congressional legislation regarding a change in motive power, a law suit in re- lation to taxes and the recent change in management caused by the death of Its chief executive. The history of the frui less and expensive expe age batteries is too well readers to need furth known naly le of half a million bonds, secured by an equal amount of the capital stoc ompany at double its par xhausted and the motive changed. At a meeting of dir on Wednes ation the issue of $1,700, : order to. pro putting in an with provi c: ics fail. In April, 1 ceding the panic, the pany were selling at 1 In October of th ue, has been | power should the f the month pre- nds of this com- | ‘and the stock at me year the price of the bonds had dropped to Wl, and the stock to 71 1-4, and the latest recorded sales were 101 and 01 1-4, respe: ‘The resent managcment of the road 18 relied upon to utilize all the recognize? advan- tages of a valuable franchise and put the road on a sound financial footin The Hsting of $4,000 first mortgage 6 per cent bonds due issued by the Co- Iumbla railroad to de the expenses of cabling that road is perhaps the second fi ture of importance in railway circles. ‘The issue was more than one-third over sub- scribed, which fs direct evidence of its de- sirability By investors and already com- mands a substantial premium, he securities of the Washington and Georgetown road refiect a 5 per cent reduc- | tion in price of the bonds and practi- cally no change in the price of the stock as compared with last October's prices. What activity there has been in the re- maining lines has resulted in a moderate addition to values, Gas and Electric Light Companies, The stocks of the Washington Gas Light Company and the United States Electric Lighting Company have recorded satisfac- tory gains for the year, the latter's gain as represented by prevailing prices being fully 10 per cent. Both of these stocks are favorites with local financiers and invest- ors, and have repeatedly rewarded patient holders with handsome profits and extra dividends. In bank stocks the important changes have, as a rule, been confined to the newer institutions. Stocks of this character and dignity are rarely active, being so closely held, and often refiect wide variations in value between sales. At present the pros- pects of dividends about the first of the year encourage a belief in higher prices for such stocks as have not yet inaugurated this method of reimbursing their holders, Insurance Stocks. The insurance stocks by comperison with last year’s rates reflect fractional declines in price, and a noticeable reduction in the volume of business. There have been sev- eral well-distributed losses by fire during | ing old soldier in the poor house; s j Wealth, Henry M TWO CENTS. ve months, b s ha © in the standing of not t conseqi | | \ except in the Ocean Bui cently sold at 40, as compared with So the next previous sale. Th committee of | the stock exchange bes listed the stock of | the Merge notype Company of | New Jersey week security | which pr valuable addition | to the im H While predicted | for the a | advance | i activity, and this ¢: pe wUil the hnancial scare of veur ure more nearly effaced the whole, however, is | probabilities ef im- | Kly remote. MR. McPHERSON WITHDRAWS. New Jersey's Senior Senator Not in the Race for iis Suc mn. NEWARK, N, J., October 6.—A letter has | been received by Assemblyman Moses Bige- | low of this city from dated New K. October “Lam now forced, howeves must not be a fourth term in th Phe ¢ of my health is t nd far matter to be considered and 1 have decid- ed to take a long rest from the excitement | of political and official labor of every kt For a period of eighieen yeurs 1 have serv- | the people of New Jersey in the Senate of | the United States faithfully and diligently | and with all my ability, aad during this | long period have taken an active part in all | the important iegislation by Con- | ress, and J am proud to be able to say Riven stably crit veopH: the state. | s the sessions have and by reason of long confinement in the Senate chamber the strain upon me physicaily has been quite as great as I can bear and prompts me to say that for the present I canr responsibilities of an active, ting polit cal struggle, which the situation in New Jersey seems to muke necessary to ensure | et sayin, to say that t . for ndidate | complete success.” —_—-> GREENHALGE RENO! MINATED | Convention of the Republicans of Massa- chusetts. Ticket by Acclamat monious Ses: BOSTON, October 6.—The Massachusetts republican state convention assembled in Music Hall today, Samuel T. Winslow act- ing as temporary president. Upon reporting @ permanent organization the committee stated, through Senator Hoar, that Con- gressman Cogswell, who had been selected for the president's place, had sent a tele- gram stating that his physicians would not permit him to attend. Therefore Temporary President Winslow was continued in the chair as permanent president. The committee on permanent organization, whose report was adopted, recommended, among others, the following vice presidents- | at-larg: orge S. Boutwell, William Claf- | lin, George D, Robinson, Oliver Ames, J. Q A. Brackett, T. Jeffer: age, Charles Carlton Coffin, Rev. Samuel L. Gracey, Gen. | John L. Swift, James F.Almy and Frederick H. Giltett. A ion list of district vice presidents was also chose Daniel K of Worcester was Taade permanent secretary Mr. Winslow, after a few words of re- &ret at the absence of General Cogswell, offered a resolution ef sym) ret at the absence of the eral. Curtis Guild, jr, was appoinied to read Con- gressman Cogswell’s speech, which be had written. Senator Hoar, 48 chairman of the com- mittee on resolutions, subnfitted the tol- lowing report: “The principles of the republican party of Massachusetts are as well known as the commenwealth Itself; weil known as the republic; well known as liberty; well known as justice. “Chief among them are: An equal share in government for every citizen; best pes ble wages for every workman; the Ameri- can market for American labor; every dol- | lar paid by the government, both the gold | and silver dollars of the Constitution, und | their paper representatives, honest and un- sthy and re- changing in value, and equal to every | othe better immigration jaws; better naturalization laws; no Uamp, anar St, j criminal or pauper labor to ve let in so) that citizenship shall mot be stained or pol- | luted. } “Sympathy with liberty and republican government at hon id abroad; Amenecan- ism every wher the Mag never lowered or i honored; no surrender in Samoa; no / barbarous queen beheading men in Hawaii: ynehing; no punishment without tnal; h kept with the pensioner; no sion of dram drinking and dram ‘selling: a | School at the pubiic charge open to all ihe children, and free from partisan or seciari- an control “No distinction of birth or religious creed in the rights of American citizenship; clean polles; pure administration: no ke re- form of old abuses; leadership along i ier paths; minds ever open to the sunlight and the morning, ever open to new truth and new duty as the new years bring their les- sons.” Serator Lodge, after some routine bus- iness had been transacted, moved the re- nomiration by acclamation of Gov. F. T. Greet Faige. The motion was adopted, action was taken as to Lieut wm. acclamation for and similar Gov. Roger ‘as nominated by y of the comme Phillips for treasurer and 1. Gen, John W. Kimball for M. Knowlton for attorney receiver gen: aud tor ad i general. Gov. Greerhalge was introduced, and ad- dressed the conventic ATTACKED BY STRIKERS. Three W men Badly Hurt Fight at Newark. NEWARK, N. J., October 6—Striking laborers to the number of 200 made an at- tack today on about 500 men who had taken thelr places on sewer construction in Clif- | ton avenue, Three workmen were badly injured end one of them may not recover. When the police reached the scene of riot all of the attacking party had fled. ——._—_ CURTIN SINKING. Gov. No Encouragement Given Hts Family by the Phystcians, BELLEFONTE, Pa., October 6.—Fx-Gov. | Curtin passed a poor night. After midnight | he grew restless and became Perceptibly | weakee. His condition, which was more fa-| vorable yesterday afternoon and early in the evening, has grown steadily worse, He! is sinking rapidly and his physicians give no | encouragement to hia family, Unless a audden change for the better oc- cure within the next few hours he ean scarcely live throughout the day, jtrom their lips in the public princs | Maye | for » | not ainted about using the scalpel stealthily — TBe proof of fhe pudding is am {8c eating. Yesterday's Stor contained 53 cofumns of advertisements, made up of 803 separate announce: ments. These advertisers fous6t pubficttp—not merefp Space, HILL’S HAND GUIDES - New York's Senior Senator Con- trolling the Campaign. TAMMANY BAS POUND ITS MASTER Talk of a Third State Ticket Given Up. YTHING FOR - NARMONY Special Dispatch to The Evening Star NEW YORK, Octo 6. Tammany hae at last met its masv in Imvia BL Hill The senior Senator from New | York is playing politics in a way mmany never dreamed of. His move are so quick and so bold th. heels are buzzing in the mind of every wigwamite in town. When Hill came to th ya few ii ago, Matters bk ed very formidable, Was a third Uicket ready tw be put in the ‘ield, and volters were numerous and J enthusiastic and noisy. There was an or- | Kanized boli in the air and democcats were wondering if the campaign would go by de- fuult, isut these democrats had not upon Hill. They did not know the he would show in grasping ¢ and making it give way before him not know that before he teft situation The: plans, and that while the democrats were yelling over his cyclonic nomination he was pping out his campaign. THey did mot kuow that he had determined ujon a com- plete change of front as candidate for gove eruier, nor how successful be would be im When i4iil arrived in this city he took the rat a in his own hands, and there was rent grasp upon the helm at once. ny has been in the habit of indulg- ing in Some pretty bold sailing in its cam- puigns, but none so bold as this, Hull came here to pacify his enemies, to t himself in the lion's den, to make love to the men Who for years have called him hard names until the whole vucabulary has been ex- hausted, and who counted that day Jost that did not see some denunciation of Hill Tt wi # task that an ordinary man would not have attempted or even dreamed of. He Would have remained quietly at Albany, While bis enemies were shouting from the New York house tops, and sent emissaries to do the treating and pacifying. But Hill came himself, and took away the breath of friend and foe alike when he did so. But Hill has been more than bold, he has been successful. The talk of a third state Ucket has vanished, the independent bolt- ing movement is still in the air and will sei no further. Hill fairly clubbed the democrats into harmony. It is a new role ior David B. Hill to play, that of a believer in party harmony. Before tis he has seemed to welcome party faction and fights, He has not spent a moment in pacifying, but has relied upon the party organization ¥ hich Samuel J. Tilden built up, aad which Hill has equipped with all the modern im- provements. He has not asked favors, but demauded them. He has rejo! to heap humiliation upon the “cuckoos” at every step. Willisg Sacrifice Tammany, Now he steps forth with a fully supply of live branches in his hand, anxious to @is- tribute them to all his enemies. To bring about harmony he is willing to sacrifice hig iriends. It is the fight of his life, and he snows how much it means to him. If his inends stand in his way they must step aside. Even Tammany must get out of the way. He will brook no opposition. If it seems best for his plans that an anti- Tammany man should be mayor of New dork it must be done, and Tammany with the best grace it can, even perhaps with ex- William R. Grace, must present such @ person as its candidate. The idea is au- Gacious, but it has HM behind it, and Hill is complete master of the situation. it is a game of politics such as this state ver saw before. The republican cam- ‘6n ts being overshadowed. Hill's person- aly and his boldness have put everything vise In the background. If Hill is Beaten the party will be beaten also, the whole party. if he suffers, the other leaders of the party will suffer with him. Some of his friends think that the nomination was given. to him by a kind of packed jury process; it that was the case the men who packed the jury will receive their desserts from Mull standpoint in due time. - The whole democratic campaign was.plan- ned over again as soon as Hill got off the train i this city, Even the headquarters | bis new role. were changed. Under Hill's direction the war will be waged from the rooms in the Park Avenue Hotel from which the war w = waged that gave Mr. Cleveland 196,000 jority for governor, made him a presi- al ibility and made Hill liev- Sovernor. Hill believes that there is inspiration in that room, and pro- peses to make it count. The democratic leaders who have always been anti-Hill men have been brought over to him. Hill had not been im the city twenty-four hours before WilLam C. Whitney was diaing with him, and before twice that time had elapsed Walliam R. Grace, chief of the Hill denounc- ers, talking to his denouncec in a pri- vate room of Mr. Hill's hotel. The Bicokiyn tadependent democrats are now the only ones who have not come into line. Led by Edward M. Shepard, the young man who was turned out cf the Saratoga convention, they are red hot for a third ticket. But without the help of their New York brethren they can do nothiag. A few men cannot stir up @ revolt, and the New York brethren are thinking of other things than third tickets just now. They are look- ing after the mayoralty, and Hill ts keep- ing their attention so fully fixed upon that nd so shrewdly Uhat they begin to think that they may come to power in the city again after all. Conciliating the Anti-Snappers. It will be no surprise to see upon the Tanumany city ticket this year the names of some of Tammany’s bitterest enemies. To do this would be a bitter pill for Tam- many, but If Hill says so it will be done. He dominates that organization just now in a way that has never been done before. He demands that the “anti-snappers” be given recognition. And by recognition he means offices, too. The spectacle of Tammany shouting itself hoarse over the names of the men who have fought most openly and bitterly would be a wonderful wicht, but it iw one that is likely to be seen. The whole democratic atmosphere of the city has been changed by Senator HM, Mr, Grace has not condemned the state ticket / veral days, Mr, Cherles Fatrehtid has exainst Hill, end there ta an air of won- us calmness and plactiiiy about the ottice of young Col, Robert Grier Monroe, which was once such a rendezvous of political whirlwinds that it was known as the “cave of the winds.” The whole local elute that Temnuny agreed some time ao has been smashed by Hill, and Tam- many muet await developments before it makes nominations, and, what I more, must consult Hill before any nominations ere made, Every hour that Hili is in the city the ettuation Increases in tnterest, and be does not propose to leave town until things are settled to his own satisfaction, ‘The rest of the #tate is being looked after by hls tried and trusty Heutenants, The N York of of the campaten is the vital pain A hy will look after that bt

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