Omaha Daily Bee Newspaper, May 7, 1884, Page 1

THE OwmMmAHA DALy BEE THIRTEENTH YEAR. OMAHA, NEB. WEDNESD A COLLOSAL CRASH. The Marme Bank, & Prominent New York [nstitation, Falls, Too Much Speculation in Real Estate and Stocks the Cause, The House of Grant & Ward (Goes Down in the Crash. General Grant the Senior Mem-= ber of the Latter House. His Share of the Loss About a Quarter of a Million. ] Long Island City Loses Every Cent of Its Funds. Which Were all Deposited in the Marine Bank. A Few Other Funds Involved, but New York Banks Luckily Safe. 1 COLLAPSED. ; TIE MARINE BANK OF NEW YORK. r New York, May 5.—The Marine Na- tional bank has closed. J. D. Fish is president of the bank. A year ago the bank purchased Booth’s theatre. The Clearing house is considering the suspension, It is thought the failure is a bud one. The capital of the Marine bank is $400,000. Its statements April 22nd last, showed a surplus of $62,340. A visit to the bank discovered some fifty disconsolate depositors standing in the pouring rain around the closed doors. No admittance was given reporters; no notice was posted on the door. The bank was open at the usual time this morning butbeforenoon closed abruptly withoutas- signing a cause, Thestock market was very active and there scemed to be some con- nection between the failure and condition ‘ of affairs on the stock exchange. The depositors, judging from the appearances of these about the building, are of the well to do class. An explanation is prom- ] ised for the afternoon, Graut and Ward ‘ are announced as closing an account of the failure of the Marine bank. The association press reporter visited the clearing house, endeavoring to ob- . taminformation frommanager Camp. That oftizial only say3 the clearing house com- mitteo is in session and nothing will be given tho public until it has concluded an examination of the accounts of the bank. It is said in the street that the bank's downfallis dus to reel estate transactions of President Fish., Sometime ago he bought Booth’s theatre and is now con- verting it into stores, He is also intercsted in apartment houses. An offi- cer of the bank was asked whether [Fish’s speculations had caused ;the suspen- sion; whether the bank hed been doing business with Brooks so that it lost money. He refused to answer. It is belioved the failure is due to a little of both., New York, May 6,.—The Post says : The suspension of the Marine national bank was announced a little after 11 this morning, The {immediate cause of the failure was the banks inability to meet its debts, about §500,000, at the clearing \ house this morning, The cause lying be- 4 hind this is presumed to be the real es- tate operations of President James D. Fish during tha last year or two. With- in that {ime he bought Booth's theatre and the Oasino, and has also recently been building a large apartment building, the ‘“‘Mystic,” on 30th street. The recon- struction of Booth's theatre and the building of the ‘‘Mystic” has taken a great deal of money which he borrowed B from Jhe bank. Fish is sccond vioe president of the St. Louis & San Francisco railroad, and the : Marine Bank is the registration oftice of 5 that stock. Lt is mot presumed that this ; connection had anything to do with the bank’s embarrassment, though it is under- stood some connection with either the Ontario & Western and West Shore bond manipulators may have had some influ- ence, though probably only secondary to the real estate operalions of the presi- degt. A few minutes after ten o'clock a gentleman made a deposit at the Ma- rine National bank and as he went out was followed to the door by .the bank porter who began rolling dowa the iron shutters, THE DEPOSITOR RAN BACK to find the receiving teller had shut his window and gone out of business for an } indefinite period, The {J’Iyin[z teller was ‘ sti.l more conspicuous by his absence, and the depositor had the consolation of g standingon the steps of the bank for the next hour and telling his experience to a crewd of excited depositors who gathered at the corner of Wall street and Pearl anithin an incredibly short time after the £atlure of the bank was announced, LONG ISLAND CIT¥'S LOSS. New Yors, May 6.—Long Island city made the Marine bauk its depository. All its funds are there, and, if the bank l remains closed the city will become bankrupt. No bank in New York seemns the least involved or embarassed by the failure, The executive committee of the associeted banks held a meeting this afterncon at the clearing house, and at the close of the meeting it was announced ? that 1t was decided to drop the Marine 1 bank from the assoeiation and cut it off from all furtber privileges of the Clear- ing house. Manager Camp said the bal- ance due the Clearing house yesterday from the bank was §555,000, aud this sum had all been paid up by the bank before the rumor of its suspension had reached the street. It was decided also to call & epecial meoting of the whole as- sciation to morrow to further consider the matter of the relations of the Marine bank to the Clearing house. The bank directors were in acesion all the after- noon, President Fish was not present. They claim the bank is solvent and will RESUME IN A FEW DAYS, resident Elwell said the trouble grollght abont by the dealing of the bank with the firm of Grant & Ward, v Vice ¢ was all / On Monday the cashier of the bank was authorized to cartify the checks of Grant & Ward to the amouut cf 750,000, it be- ing understood the firm would deposit suflicient security inthe morning to cover the indebtedness. They failed to make their deposit this morning, so when the checks were presented at the clearing house there was nothing to meet them with_in the bank. The account showed the bank owed a balance of $550,000 to the clearing house but this was reduced to £330,000 by the discovery that there were among the checks prosented over €200,000 in uncertifiod checks of Grant & Ward. The bank then made payment of $210,000 in cash and the remainder in valuable securities, thus DISCHARGING ITS ENTIRE INDEBTEDNESS The surplus_of bk over and above real estate is §250,000, and thero are no other outstanding liabilities, Fish must have lost his head completely. At the office of Grant & Ward, no members of the firm could be found. The broker of the firm said he was authorized to state the losses of the firm would be something between $500,000 and $800,000, and their liabilities being unsecured, the firm was obliged to suspend business. Hach of the four partners had a quartor inter- est in the firm to the extent of $100,000 each. GENERAL GRANT, wonld be liable for two shares, the losses of which would probably be about §230,- 000. General Grant was_in the offico during a part of the day, but refused to make any statement whatever in regard to the affairs of the firm. It has long been known that Fish is one of the lar- gest operations in real estate in the city. Ho is the owner of the Booth's theatre property, the rebuilding of which had just been completed, *‘The Mystic” fleats on 39th St. and Broadway, and the Cas- ino, the handsomest theatre in the coun- try. Ferdinand Wood, who has been en- gaged in real ostate speculations with Fish, was once clerk in the produce ex: change, but became wealthy dealing in porduce exchange certificates. OTHER FAILURES, A LOUISVILLE FLOURING FIRM ASSIGNS. LouisviLLe, May 6.—Ballard & Bal- lard, proprietors of a large flouring mill here, will make an assignment. Their liabilities are $100,000 to $150,000. The firm started in business four years ago and have been running their mills at a loes nearly ever since. The mill and brands of flour are among the best known in the country. The principal creditors are local banks- Eighty per cent. of the liabilities are covered by assets, ——— CHARLEY FORD SUICIDES. One of the Slayers of Jesse James Puts a Bullet in His Own Hearr. Special Dispatch to THE Bxe. Kansas Ciry, May 6.—Robert Ford, the slayer of Jesse James, received a telegram to-day from Richmond, Mo., that his brother Charles had committed suicide at that place. He has been in bad health for a long time, suffering from consumption, and this, together with remorse for his share in the affair of two years ago, is thought to be the cause of his act. He committed the deed with a six chambered weapon, carrying a 32 ball. The shot penetrated the heart, and death occurred immediately. He had been despondent for several days and the result is not altogether a surprise to his friends, who knew that his trouble was weighing upon his mind. Charles Ford was the elder of the two krothers, and was born in Richmond, Clay county, Mo., twenty-six years ago. He was raised on a farm with his broth- er. But little is known of hislife. He entered into the Crittenden bargain with his brother two years ago, andstood with cocked revolver ready to finish the ban- dit, if Bob's bullet had not done so. St. Louis Mo., May 6.—Post Dispatch sp-cial from Richmond, Mo, says: Chas. Ford, brother of Bob Ford, slayer of Jesse James, shot himself through the heart thfs morning dying instantly. No causeis assigaed. RicamMoxp, Mo., May 6.—The suicide of Charles Ford created quite a stir in this community. He was stopping tem- porarily at his father's near town. Early this afternoon he went to his room, and soon after was found lying in bed with a bullet through his heart, and a 45-calibre pistol beside him. There are several theories as to the cause of the snicido— ramorse, ill-bealth, the apprehension that Frank James would soon be at liberty end revenge Jesse's death. The coroner found the deceased a habitual morphine eater. He left no letter. He appeared in his usual spirits this morning. —— SHARON'S SHAME. How Saran Althea Changad Handwriting to Smit the Suit, her BaN Fraxcisco, May 6.—Expert Hyde, who had for several days the celebrated Sharon-Hill marriage contract under a microscopic examination, testified to-day that he had discovered that said plaintiff’s handwriting in the contract aiffered from her writing in other exhibits. Seventeen words in the contract had been chavged —seratched or re-written, In one place the word ‘‘of” had been changed "into “‘wife”, The ink usel in re-writing dif- fered from the oniginal ink. The iuk used in the words “*William Sharon” and “Nevada” was not the same used in writing tho document. The plaintiff previously testified that she wrote the document in Sharon’s office st his dicta- tion and he signed it immediately atter- wi —— Base Ball Yesterday. At Providence—-No game on account of rain, At New York—No game on account of rain. At Boston—Bostons, 2; Buffalos, & At Oiocionati—Cincinuatie and In- disnapolis; called at the sixth inuiog on account of rain. No runs had been made. At Pitteburg—Metropolitans and Al- leghenys; postponed on account of rain, — No License, Special to the Bes. WisNex, May 6.—The town board of Wisner has decided againsé license for sa- loons. DECAPITATED. Morrisow's Taniff Bills Meots au Iguc- Minions knd. The Enacting Clause Stricken Out by 166 to 162, On the Motion of Mr, Converse, Democrat, of Ohio, Mr. Raudall’s Lengthy Argu- ment Against the Bill, Messrs, Blackburn and Morrison Strive to Save It. A Tremendous Jam of People in Attendance. Converse’s Action Greeted With Storms of Hisses. Other National and Political Matters at Washington and Elsewhere. FORTY-EIGHTH CONZRESS. HOUSE. The morning hour was dispensed with, and the house went into committee of the whole (Mr. Cox, dem., N. Y., in the chair) on tne tariff bill. Mr. Brown (dem., Pa.) spoke in sup- port of the protective system of taxation. Mr. Townsend (dem , Ill.) quoted from various platforms of democratic national conventions to show that the party had always been in favor of tariff reform and always declared for s revenue tariff. Some gentlemen repudiated the term ¢‘protection” and took refuge behind the term *‘aiscrimination.” 1f the discrimi- nation were boiled down it would be found to be the quintessence of protec- tion. Ifit was not the proper timo to begin the work of tariff reduction, when a presidential election was coming on, and people could record their votes on the question, when would the proper time be ? Mr. Randall (dem., Pa.) then took the floor in opposition to the bill. He opened by citing the extreme quickness with which capital invested in large in- dustrial establishments took alarm. While in common with all other interests it was liable to be called on for taxation to aid in the support of the government. Congress owed it to itself that nothing like a vindictive policy should be adopt- In the nice adjusiment of business affairs §thers was nothing more condu- cive to success than stability. If there was stability it was a sure foundation for confidence. and as a natural result capic tal and labor moved forward in their re- spective spheres in contentment and in accordance with mutual profit. To judge from the intemperate language and ex- aggerated rhetoric which had so fre- quently marked the debate, it would weem as if those engaged in industrial pursuits were robbers and outlaws. As a matter of fact they were nothing of the sort. They werea part (and no mecan part) of the business of the country, and had been united under the law to engage in those employments, and therefore, if for no other reason than that they were entitled to the protection of the law, they were part of our resources as a na- tion, and tc develop these resources was the test of true statesmanship- Ho rejoiced in tho growth and prosperity of every section of the country, If the denuncia- tions of the advocates of the bill were to be believed, the men who had built up our manufacturies had committed the unpardonable sin, He could see good reason why England should think so but not why such should be the feeling of any citizon of the United States. Greut Brit- ian had never ceased to deplore the loss her American colonies. She had struck, as she thought, a deadly blow in 1812, and during our late civil war had done her best to sunder the two sections. Sinca that time she had changed her poli- cy, and instead of force, resorted to per- suasion and advice, She eked out of the lion's skin with that of the fox. The United States should remember the train- ing to ‘“‘fear the Greeks even when brng- ing gifts,” He then went on to argue againsv the licy of unsetiling the business interests y constantly tinkering with the tariff. Should no law last louger than the meef ing of the next congress? Should meeting of congress cause fear, and ils adjournment cause enjoyment? Should nothing be settled for a time at least? should doubt and mistrust haunt the working and sleeping hours of the peo- ple? For one, he was emphatically op- posed to any euch suicidal policy, Yl. would be madness for any party. to pur- it, It was submitted to every mem- udgment to Aprly the heroic rem- edy to this bill or to let it linger out a sickly existence, bearing inits wake bus- iness confusion and general bankruptoy. It was not based on any souad principle. There had been lpolagil for it, but no defense. It was guessed it might reduce the surplus revenue, but nohody pre- tended to speak with certainty, There was no attempt for adjustment of the tar- iff. Ttsliced awayreckless ofjthe injury it might do certain interests and industries as well as to the revenue, It was like the famous bed ot the old robber; if a man was too small, he was stretuhed out toits inexorable length; if too long, he was cut down to fit 16, 1t was a thing of measurement and not a wise scheme of reduction, A horizontal reduction offer- ed no remedy; on the contrary it made worse what was bad before; it was a pal. pable confession of the inability tohandle this intricate problem at 1ssue, or else & rash eagerness to do what was at once un- called for, unwise and unfortunate. It appeared to be agitation only for sake of agitation—always & mistake, It was the olear dictate of common sense, to have waited until the effect of the last tariff bill could have been learned, and thus have saved from all the passion and tuc- bulauce of the presidential election, a question in which the public welfare was 80 deeply concerned, and which, if possi- ble, should never be made a purely par- tisan issue, This 20 por, cent. reduction was not so dangerous for what it did as for what it promised. In this regard ther was no room for conjeoture. It was pro claimed to be a firm first stap toward free trado, Let gentlemen consider wha free trado, ro called, meant. It meont a change of the whole scheme of collecting the revenne, The people had become accustomed to an export duty. It had proven the safest and best method of taxation. It caused no friction or com- paratively littlo. All this was to bo abolished and the internal war taxes be continued, Was that the people’s wisht The old confederation relied on direct toxation, and it was & failure, Tho fa thers’ government sought refuge in a dif forent system aud tho Tesult was more & perfect union in order to provide for the common defence and general welfare. The bill bore a captivating capiion ard was doubtless intended to boe captivating. It did not abolish war taxes, for if it did it would repeal the internal rovenue taxes If those taxes were abolished there would be no internal revenue and the admiaie- tration of public affairs would be run properly and well. The surplus revenuo tor this current year would bo about §60,- 600,000. The houso was invited here to choose between ‘‘the firm first step to- ward freo trade,” or to wait to reform tariff until such a time as the democratic party should frame a bill on_the princi ples expressed in the Ohio platform, He had, he said, no difficulty in choos- ing between the two lines of public policy, and he chose for his own peopls and his own country. He did thisin the full ax- surance that feee trade would bring noth- ing but disaster and ruin; whilo the prin- cipal expression in the Ohio_deolaration would bring prosperity, happiness, and a higher order of civilization, Would it not be wiser to defer the consideration of so important a questiou until the country had passed through the excite- ment of the presidential strugglo, until some information could be tecured as to the working of the tariff bill of 1883. Then a real reform measure could be adopted which would remain undisturbed for years and would be safe, steady and universally accepted. Then business interests would have time to adapt them- selves to whatever change might occur. Though this subject ought not to in- volve any question of party allegiance, it will be well to consider how far its agi- tation might advance or retard the march to victory of the great democratic party. The southern states alone were inade- quate to succesr, and which of the novth- evn states was likely to accept the new dispensation? He would epeak plainly and utter his fears even in the presenca of his political enemies . Take the four great states of Connecticut, New York, New Jersey and Pennsylvania. The census showed that more than 1,100,000 were engaged in manufac- tures in these four great commonwealths. Did the gentlemen believa that a reduc- tion of wages was a potent factor in win- ning the support of these people, and es- pecially when the republican orators, backed by a powerful prass, would thun- der inl:‘l:;ir aarah thav the democratic part] been the in cause of that rndu’;tion. He bugged *o’ ‘gentlomen to ponder these things and, not lightly dis miss them.* - This “ was , they would not act without a warning, and it was kindly meant, but not less emphat- lcally as it sprang from his deep convie- tion of its truth. If, however, the inex orable logic of events should demonstrate his apprehensions to be groundless, there would be no one more willing toacknowl- edge his error, and rejoice that his agso- ciates had been right. But to him it seemed inevitahle that the action of the committee of ways and means would fall a little short of public condemnation. He deplored that such an illadvised step should be taken, as the triuraphs of the democratic party were dear to him, and he had sought them ar- dently and eagerly for nearly a quarter of a century. 1f disaster come he, at least, would have the consolation of knowing it was led to defeat by other advice than his, Theorists might fight for impossible doctrines, but he knew by exparience how futile in government was mere theory, how valuable was common sense, He believed in that which had stood the strain long, nor could he be ex- pected to yield it for somethirg i ble and impracticable, (Applause. Mr. Blackburn spoke in favor of the bill, and Mr. Kasson closed the debate against the bill, Mr. Morrison closed in the debate for tho bill with a rapid review of the ob- jections made to the bill, and equally rapid and brief answers to these objec- tions, Should the motion to strike out the enacting clause be agreed to, it would be a declaration that tariff taxation ‘'would be continned, and the democratic party would appeal to congress and to the people, aud the people would so un~ derstand it. He referred to the fact that democrats from [owa, Wisconsin, Michigan and Oalifornia had been elect- ed on tariff referm platforms, and ex- pressed the fear that if the bill was de- feated they would be gucceeded by ¢ Page, Burrows, Hazelton and My Dear Hubbell,” He then turned to Randall and said; “‘You claim to have the power to strike out the enacting clause of this bill. I you have that power, you have the power to amend this bill and make it what it should be, [Loud appisuse on the dem- ocratic side. After a fow more curso the general subject of tariff reform, Mor- rison's time expired, A murmer of expectancy ran through the ranks of both sides as the chairman directed the clerk to read the hill. The sudienco which throughout the day crowded the galleries almost to suf- focation hushed their hum of conversa- tion and watched with intense intercst, ,As the clerk began Mr, Counverse loft his seat in the last row of seats and walked down to the bar of the house, stood nervously fingering & piece of pa- per which he hold in his haud. When the reading of the first paragraph was completed there was an embarrassing pause’ Converse was engaged in earncst con- versation with Hunt and did not appear to know that all eyes wero fixed upon him, and Mr. Kasson fearful that the time for & motion to strike out would ex- pire, before Converse’ tracted, rose and enquired of the otair whether the proper time had come to make the motion, and before the chair could respoud, Converse, pushing to the fiont, moved to strike out the enacting clause, This was the signal for a volley of Lis- remarks on AY MORN ING, MAY 7. 1884 scs and groans from the democratio side, and rounds of applause from the repub- lican side. The soene was one of intense excitement and confusion, aided by loud choers of approval and disapproval Tellers being ordered, Converse and Morrison wore appeinted by the chair, Beforo taking his place Morrison called 1 the clork of the house ‘‘to see that no damned scoundrel who is paired goes be- tween the tellers.” The first man to pass through in the negative was Reagon of Texas, who had been brought up on an invalid chair, THe was heartily ap- planded hy his friends, The negative vote was announced s 151 and Geo, D, Wise, (¥4.) voted in the “r","""""“‘ making the vete stand 156 to 151, Cheer followed cheer from the republi- can side, which were taken up by the galleries and reverberated from every nook and cranny. Ladies stood up and waved their handkerchiefs and men their hats. Morrison, yielding geacefully to the in- evitable, walked smilingly to his seat, and the tarif bill was dead. On Converse’s motion, the committee roro and the chairman reported its ac tion to the house. Tho speaker stated that the question had heen on the enacting cause, Agreed to,—ayes 169, nays 155, SAMMY CERTAIN. TO BE NOMINATED BY THE DEMOURACY, Cutcaco, May 6.—Judge George W. Cathran, an intimate friend of Tilden's, who has just returned from a visit to the Sago of (ramercy park, says: Tilden will ba nominated by ncclamation. There is no doubt it. New York is solid for him,, The delegates will voto as a unit. Illinois is the same. Morrison, although mentioned for the place, would, undoubt edly vote for Tilden. ''he talk about his great infirmity is all nonsense. He is an old man and rather feeble. That is the most noticeable feature, and that is more disagreoable than dangerous. His health and appetite are excellent. “How is the feeling in othor states about him{” “‘Enthusiastic, His sure.” *‘Who will be with him on the ticket!" “‘A western man, He will come from 1llinois, Indiana, Ohio or Wisconsin,” nomination is WASHINGTON NOTES, THE TRADE DOLLAR. WASHINGTON, May 6.—At & meeting of the senate committes on finance an agroement was reached that the trade dol- lar bill should be reported adversely but not until after another meeting of the committee. In the meantime Senator Shorman will draw up an adverse report which will be passed upon by committee next week. — AMERICA'S MEDICINE MEN. Annual Session ot the National Asso- tion at Washington. WasninaroN, May 8.—The American Medical Association convened in snnual seasion this morning at the Congregation- 8l church, The delegates arrived in such numbers that previous to the hour of the meeting the vestibule of thechurch and entrance were crowded with a lorg line of members waiting to be registered. Over five hundred delegates had regis- tered this morning and new names were constantly added to tho list. The chairman of the Washington com- mittee of arrangements called the asso- ciation to order in a brief speech. After prayer he introduced Dr, Austin Fliut of ow York, president of the association Drs. J. H. Trumbull, Ohio; J. A, Marshall, Mafs. ; Garlick, Racine, Wis,, and all other members of the medical 8o ciety of tho District of Columbia wers made members of the Associatian by in- vitation, President Flint then began his an- nual address. He thought that the time devoted in colleges to Greek and Latin might more profitably be devotod to the study of physics, chemistry, French and German. The overcrowding of the pro- fession by new aspirants was attributed to the excessivo number of medical col- leges. The profession must rely upon itself to correct such evils by refusing to accept such students and by declining to sanction doubtful institutions. The speaker suggested that the com- mittee on education be appointed to con- fer with the faculties of schools and col- leges in order to seoure uniformity in standard requiremonts for matriculation and gradvation. Ho also suggested that the title **M. D.” bo made simply honor- ary and that it entitle a person to prac- fice; that a resolution be adopted speci- fying with more precision the grounds for refusing co-operation with irregular practitioners, assuming that a sectarian name ought to place a practitioner out-of the pale of the medical code. (Ap- plause) Dr, Sayre, of New York, moved that a committeo be appointed to carry out the recommendation that the inter- national medical conference be asked to meet here in 1887, The president’s address was referred to a coiumittee of seven. Adjourned until f [ tomorrow, | ——— A CHURCH HORROR, A Colored Methodist Kdifice Gives ‘Way-—Several Fatalities. Mokissey, Texas, May 6,—Duringa largely attended meeting at the Metho- dist church (colored) last night, the foundation gave away, The church was thrown violently to the ground and the lights extinguished, Two lamps explo- ded, scattering the burning oil over the congregation, One colored woman was burned to death, another had all her clothing burned off and will die. Several others were badly burned. A panic pre- vailed, and the entire town turned out, thinking{ & negro uprising had occurred. Recent rains undermined the founds- tions. el Red River Rising, Suneverort, May 6.—There was a rise of three feet and one inch in Red river, in the 48 hours ending at mid- night, and still rising, A lLeavy rise is reported above. eavier floods than those of February are antioipated. o — An Upl ¥ Suspension, New York, May 6.—Henry T. Haat & Co,, upholstery deslers, have assigned. Preferences $07,000, toward that of national oconstitutional smondment prohibiting traffio in_intoxis oating liquora as a drink, for party lead- ors; that their platform may recognize this issne and their candidate be one whose habits will ;be an example to young mon; also an emphatic prayer for christian voters, That their spiritual purcon%m- be quickened, their conscien( = sed "SENSITIVE CEREALS, Wheat in Chicago Drops on the News of the New York Failures., Notwithstanding the Visible Sup= and their home constituents, 1 = the ply Shows a Decrease. women of their houneholds, ¥’ = ent- ed at the bailot box, the day to ob-, R 1 served throughout the nation. Pastors : | are requested to preach on the Sabbath Corn and Oats FO‘,ID‘Y Wheat in full(mllnu,upun,'l‘lmdiuthrgoverumont.’ the Depreciation — A Slanderer Choked, Furron Mo, May b--Advices feom Halton postoffice, a small village in tho northwestern part of this county, say Ham Patterson, a negro, was taken from his bed Saturday night last and killed by amob, It appears Patterson and his brother Julius circulated scandalous re- ports about nearly all tho ladies n that neighborhood, which wreatly exasperated the men, and some twenty or more reputable citizens took the matter in their own hands with the above reeult. Julius Patterson is ‘also being sought for and if found it is said he will share the fate of his brother Ham. The negroes in tho vicinity are greatly excited and are said to be making threate of vengeance against the whites. e — LATEST FOREIGN NEWS, A STORY ABOUT A ROVAL SON-IN-LAW. LoxvoN, May G.—A Berlin special says: The report that Louis, tho fourth Grand Duke of Hesse Darmstadt, son- in-law of Queen Victoria, has contracted A morganatic marriage with Madame Valomine, the daughter of Count Adam Zapeki, divorced wife of a Russian diplo- mat. is caused by misconception, Nev- ertheless, says the Standard, the story is generally believed in London, WHAT IS THE CONGO ABSOCIATION? BeruiN, May 6.—The North Gorman (Gazette says : Bismarck's organ, com- menting upon the recognition by the United States of an African Association ot the Congo, asks who and what is this association? Its statutes are not pnb- lished. It is not even known whether it posserses nuy corporate rights. Who is the association in the eyes of the law® From whom has it acquired its righta, ANDREWS’ A ARS NO US! YING TO HOLD DOV ARLDAKING POWDE ITAMBOUNDTORISE, The Cattle Trade Active and Prices Stronger, Dressed Beef Dealers Buying a Lot of Neat Stock, Ten Oar Loads of Nebeaska Sheep Bring $0.37 12 CHICAGO MARKETS, A RAPID DECLINE, Special Dispateh to Tur Bre, Ontcaco, May 6. —The markets made s show of great strength at the opening this morning, but later in the day, under tho influence of the reports ot the failures at the east a rapid decline set in, and wheat and corn sold off sharply from top prices, Wheat clused 1} lower for June, { for July than the closing on 'change yesterday, and declined } in addition. On the afternoos call board wheat open- od 4@ higher than closing on call yes- terday afternoon, advanced } addition, declined §, then off 1@1} more, on the report of the Marine Bank failure, rallied G4, then reports were received of the tailure of a Wall street house, which turned the tide again downward, prices declining about §. On the showing made by visible supply, prices rallied §, weak- ened again, rallied, but again became weak, declining in all 2§ for June, 2§ for July, closing 1{ lower June, § lower July, than yesterday. The visible sup- ply showed a decrense of 1,600,000 bushels, which makes the total less than at the similar period one year ago. May closed 923} ; June 98%; July 958, On call sales 1,900,000 bushels June, closing 93%; July 941, CORN was fairly active and unsettled, opencd a shade higher, advanced ¢ to #c over the opening figures, declined 1c to e in sympathy with wheat, fluctu- ated and closed jo lower than yesterdsy. Tho visiblo supply showed a decraase of 1,495,000 bushels, May closed 63}c to e, June Hhe, July Tia On call sales Wera 500 000 bushels, May advancing to b4}, Other options were steady and unchanged. 0ATS closed a shade under yesterday. May at31{: June, 551; July, S14; year 27, One call sales were 850,000, May de- clined §, June and July declined 4. MESS PORK WAS FAIRLY ACTIVE, It opened bc higher, receded 10@15; rallied 2}@b and clored steady June closed 17 50, July 17 60, On call eales were 12 50. July daclined 24, LARD WAS FAIRLY ACTIVE AND FIRM. Juno closed 8574, July 8674 On call sales wore 12 60 at unchanged price. CATTLE TRADE, Active, and prices were gener:lly stronger on fair to good sort f cattlo. ho qualily wes onl fai, considerably be- ke skl low the average of last woek. Stockers 3 1Y and feeders continue light, and the de-|. G0, ATV AOEER, | mand is also limited, especiaily for light | = and little thihgs. Dressed beof dealers wero buying a good many of the nico handy steers of 900 and upwards, Gond to choice shipping, 1200 to 1350, 580 to 6 30; common to medium; 1000 to 1200 Ibs, $5 85 to §5 70. SHEEL, Ten loads of Nebraska sheep averaging 118 1bs, sold at $6 373, N. B. FALCONER SPECIAL SALE OF Ladies & Gents’ UNDERWEAR OMN TUEEDAY, ——— THE U. P K OF TROUBLE Ames and Dillon Deny Sciling Any tock of Late. BogroN, May 6.—Thoe Transcript says of the statement that Fred 8, Ames and President Dillon had sold thair Union We offer for sale some spacial bargains in Panfic stock: ‘‘We cau say positively 3 St ies Ames has not sold a share of Union Pa- URRSEN A OURDEME cific for himself or family for three years | 2 ises Ladi e worth 8fe. past. Thero were sent from New York | #Cuses Lad 8¢ 60c worth 05c. ouzo Ve 1Caso Ladies' Balbrigian Verts at 600 worth 77c. 1Cawo Ladios' Gauzo Vests st 76c wo:thS1.00. 1Case Ladies' French Balbriggan Vests, £1.00, worth 81,80, last week 970 shares and 740 shares were received there, making a net lossof 235 shares. Dillon has been the largest holder of Union Pacific aggl h»1 been in- Mens' Underwear, 2 Cases Mon's SLirts 25c, choap at 866 1 Cuns Mou's Shirts 0o worth i 1 creasing his holdings until latuly, when he was obliged to turn his ship. He now, according to the best advicas, holds 25,000 share and will continue to hold them ” The same paper says: ‘*‘The question of the July dividend has not been cousidered by either the executive committee or the directors, nor will it be for some weeks. The Union Pacific can |# divide its surplus earnings amounting now to more than 13 per cent, on its share capital. Without the contraven- tion of any statute and befors July ar- rives from the present outlook, the coin- any will have made its earnings applica: le to divideuds.” Cace Men's Shirts b0, worth @ic. Gaso Mon's Balbriggun shirta 766, worth (1,00, 150 ot Eagils Daibriggen Bvi.cs wontt S ot of albriggan ts wort] % claso the 108 & Toc each " A Men's Jean Drawers at 50c, worth €3, Meu's Jean Drawers, with Lisle ‘Ahreadl Anklets, ap 1.00. Byira) Scam Joan Drawers, all sizes, $1.00 & palr, WE CARRY A FULL LINE OF Men's Linen Drawers, ALSO FANCY BALBRIGGAN SHIRTS & DRAWERS N. B. FALCONER, HORSES | HORSES Bwiteler Brothers have hetween tw) thres thourand hesd of hn es for sale, Am‘rlc\nu::‘ halt- breeds, Will sell as they run, in bands or othe to suit customers. Prico $18 and upwards. Aboy 400 of these hoises are from three 10 five years old 3 ¥du and upwards. For furthee i viaiet; Ut lle uac drem Jade ce Jobe g il HORSES! HORSE | Campaign Prayer, t iy Niw' Youk, May G.—Th National |horres for s om one bosis mmama Woman’s Christian Temperance Union | 3¢ 8addle horses, soon send out a call to prayer (in view of the presidential campaign) in an address t) the ‘‘christian people of America,” fixing Tuesday, May 27, as the ftime, Ech hour has special subjects assigned, ine'uding prayer for ~ pastors and editors that they may lead the people awsy from dead issues and The Toledo, Oincinnati & St, Louls. Bosron, Mass, May 6,—The bondhold- ors of the 8t. Louis division of the Tole. do, Cincinnati & 8t, Louis railroad, to- day dwcussed informally Austin Corbin’s proposed plan of reorganization, and ap- ointed & committee consisting of George . Bmalley, Jonathan Dwight, Weston Lewis, Samuel Atherton, and J. A, Wairs, to represent ;the bondholders of the 8t, Louis division with full powers of attorney in preparing papers for the signatures of the bondholders, and confer with the present committee representing the main line bondholders with Austin Corbin, 16 Frive §15 per hed Lor the entice For tur her Liformation, Jade