Omaha Daily Bee Newspaper, May 8, 1884, Page 1

THE OMAHA o THIRTEENTH YEAR. OMAHA, NEB. WEDNESDAY MORNING, MAY 8, 1884, DAaiLy BEE GEN. GRANT. f The Failure of Grant & Ward Loeaves Him in a Predioament. His Personal Loss Thought to be ¢ Quarter of a Million, The Matter Mixed Up With a Gigantio Scandal. The Marine Bank Failure an Effect, Not a Cause, That Concern Virtually Robbed and Gutted by Ward, Who Rehypothecated Collaterals to an Alarming Extont. Grant's Long Island Home in His Wife's Namo, The Quarter Million Gift Fund Cannot bs Touched, Yesterday's Developments Relative to the Marine Bank, GRANT'S GRIEF. HIS FINANCIAL EMBARRASSMENT, Special dispatch to T BEe. New York, May 7—General Grant is personally financially ruined. This is cortain; the firm In which his name ap- pearad is involved in a great scandal, and owes besides probably $700,000, Ferdi- nand Ward has turned up, but it 1s certain that there has been an enormous rehypothecation of collaterals, just as there was in the case of Bonner & Co., and Netter & Co. In those cases, it will be remembered, both Bonner and Notter ran away. The failure of Grant & Ward waa not caused by the collapse of Marino tank, but the Marine bank was GUITED AND ROBBED by the firm of which Grant was the gen- eral partner. Itis said here that Grant's Y city residence and his Long Branch property are in the name of Mrs, Grant. The $250,000 fund gotten up by Jones is guaranteed by the estate of ex-Governor Morgan, and caniiot be touched. The amazement at the huge scandal grows at every minute, It is the most stupendous in tho history of the city. It ia said that one bank in Brooklyn which placed yes- terday 8300,000 of securieties with Grant & Ward for a loan are unable to get either the money or cdllateral, GENERAL GRANT was agaia at the offico at 9 o'clock this morning. He was informed of the diffi- culties of the firm early yesterday. He reached the firm’s office about noon and romained in the private office until 2 oclock, when he stepped_into a carriage and was driven home. Ho was as calm a usual, but declined to talk about the trouble. Many offers of ad were made the ex president, but he said that he did not feel at liberty to accept any of them until the true position of affaics could be ascertained, Heo stated very circumstan- % tially that if the firm went under,General Grant would LOSE A QUARTER OF A MILLION, Tho extent of General Grant’s financial Icsses is well known to his friends here and in Washington, as may be seen from the fact that in the senate this afternoon Senator Edmunds asked that a bill placing him on tho retired list be consid- erod at an early day. THE MARINE COLLAPSE. WEDNESDAY'S DEVELOPMENTS, New York, May 7.—All information concerning the future 1s refused by the' ofticers of the Marine bank, Notice was posted on the bank doors from the Everettjbank ofiBoston.Bankof Commerce of Connecticuf, and Davidge & Datns, stating that drafts, checks, etc., on the defunct bank drawn by these parties will be honor-d on preseutation at the Hano- ver and Metropolitan banks, and the last named firm, Manager Camp, of ' the clearing house, states there are no new deyelopments in tho Marine bank failure, but the situation is not nearly so bad as at first supposed. It is now stated on excellent authority that President Fish exhibited undue haste in closing the doors of the bank and the directors would not have consented to his aetion, had they been made aware of the exact;status of affairs, The same is eaid to be true of the Grant & Ward tailure, which it is claimed was brought about by Ward remaining away from business and practically losing his head. The president and director of the Ma- rine bank are in secret session. An offi- cial states it is more than probable that the bank will come out all right. Depo- sitors are being paid in full. ATTACHMENT AGAINST WARD, New York, May 7.—An attachment against the property of Ferd, Ward on the ground that he abscouded with intent to defraud, was procured from Judge Donahue, by Hotchkiss & Burnham, Heath & Co. and Wilson & Co., who sue Grant & Ward for a small balance, . WARD RETURNS, New York, May Ward, of Grant & Ward, is at his office to-day. He stated a large amount of outstanding loans of the firm were settled after business hours last ey- ening, . THE E¥FECT, New Yorr, May 7.—Conservative brokers say that the effoct of yeeterday’s failures are very much over-estimated o far as the stock ¢xchance is concerued, but believe it may induce some out of town selling by weak holders. It is re- ported that several large bear operators took advantage of the decline yesterday to cover up shorts, and exprecsed a deter- mination te keep out of the market until they can see their way more clearly, MOKE ATTACHMENTS, The supreme court to-day granted sev- eral attachments against the property of Ferdinand Ward, of Grant & Ward, brokers, The first granted was in the suit of Horace O. Hotchkiss and Jas. B. Bornham against Ford, Ward, U. S. Grant, je., Jus. D. Fish, U. 8. Grant and W, C. Smith, to recover £4,226 from defendants as drawera of a check upon the Marino national bank. The check was dolivered to plaintiffs, presented at the bank and payment rofused. They charge on information and belief that Ward has left the state with intent to do- fraud creditors, and had removed his property with like purpose. The next attachment is in suit by Theo Wilson & Co., to recover $1,200, money deposited for stocks. These stocks had been borrowed and Wilson & Co. offered to return the stock yestorday, and do- manded tho money deposited, but Wazrd & Grant rofused to receivo the stock or return the money. ! Tho third granted is in the suit of Heath & Quincy, brokers, to rocover §548, This money was owed plaintifis by defendants, and the latter refused to pay. JETTER FACE ON AFFAIRS. The ditectora of the Marine bank are atill in session. The bank examiners de- clinoto say anything, The depositors sny there is no doubt the bank will puy the depositors in full, It is etated the affairs of Grant & Ward ave turning out better than supposed. The firm expected to procure a large ionn which would cat- ry them along. The loan was not ob. tained, and Ward gave up. It is now thought the assets will go further than expected. FISH EVIDENTLY A SUCKER, New York, May 27.—Captain Am- brose Inco, director of the Marine bank, said this afternoon: **An informal meer ing of the directors of the bank to-day was hold at the private office of President Fish to talk over the situation. —Kish made a statement of the causes which in- duced him to close the bank. Fish stated that he had come to the conclusion that Ferdinand Ward had deceived him and was an_unmitigated scoundrel and find- ing his defalcation amounted to $750,000, he decided the best thing to do was to close the bank and save it from utter fail- ure. The captain said the directors only regretted that Fish had not called a meeting of tha board and submitted mat- ters to them before he so hastily decided to close the bank. Although Ward was in his oftice to-day, he refused to make a statement in regard to his alleged defalcation. BANK BADNESS. ANOTHER TELLER GONE WRONG. Bavrnore, Md., May 7.—Wm. Mis- sey, paying teller of the Bank of Com- morce, was arristed this__afternoon charged with embezzling $17,000 by falso ontries. A Confidential Olerk's Stea'. Sax Fraxcisco, May 7.—James Clark, confidential clerk of Rudolph Hochkofler, a large commission merchant and Austro- Hungarian consul 1n this city, is short in his accounts $30,000, lost in private spoculation. Ttis not believed Hoch- kofler will be embarrassed. He owns considerable property outside of his business. Clark has not been arrested. —— IOWA BULTKEL AND CHEESE, A State Organization Formed—War Declared on Butterine, Dzs Moines, May 7. —The IowjaButter and Cheese cxchange was organized here yesterday, and eleoted Honry Wallace of Wintérset, as president, Joseph Sampson of Storm Lake, as vice president, J. Springer of this city as secretary, and B. 8. Schermerhron of this city as treasurer; and a board of directors consisting of Robt McAdams of Atlantic, C. L. Trueb- lood of Winterset, R. L. Weleford of Jefforson, William Holmes of Grinnell and Gus Smith of this city. Board of arbitration and appeal will be appointed by tho executive council, consisting of the officers and the board of directors. R. M. McGliacey, of the Elgin board, was present and made a speech: also R. M. Littler, secretary of the National A GHAT WITH THE CHIEF. A Very Interesting Interview With (trant Before the Crash., Views on Financial, Economio and Political Questions, The Reneral’s Solution of the Morman Problem in Utah, Some Amendments to the Consti= tution That Should be Made. The Mission of the Republican Party Not Yet Ended. Mhe Presidoncy—Logan His Ohoict— An Eulogium on the Ilinoian, A TALIK WITH GRANT ON POLITICS IN GENERAL, w Youk, May 7.—Tho Mail and Express to-day publishes a two column in- torview with General Grant on the politi- col situation, The interview was had yesterday beforo the news of the financial difficulties on Wall street reached him. Grant was found in his oflice on the: cor- ner of Broadway and Wall strects, where he makes tri-weekly visits, He is still using crutches, looks somewhat thin and has lost flesh since the accident, but his complection Is clear and ruddy and he is in fine spirits, Tho inevitable cigar was in his mouth, as he rapidly and freely answered the questions of the reporter. PROSPERITY, ““How do you regard the present con- dition of the country in general ?’ was asked. *‘Well, I suppose the country is gen- crally prosperous “outside of Wall street. True, the producers are not getting very high prioes for jtheir products, but their supplies are abundant and manufacturers are busy in all directions and I think the condition of the ccuntry on the whole quite satisfactory, and I think the popu- lation will increase right along, and at tho rate of 1ncrease the past fifteen years the country at the end of the pres- ent century, that is sixteen yearshence, ought and probably will approximate 100,000,000.” ““What particular portion do you look for the greatest change within that pe- riod?” 1 think the change will be all over; in all directions; They are uniform. New York City will of course retain the as- cendency over all other places in the country and I expect tho people living at the end of the present century will see Now York ths financial center of the world, The entire western eountry is being rapidly built up now. For grazing and agricultural purposes the great west is far ahead of what the people imagine; in fact they never dreamed of its great fertility. Then the whole country along the northern borders of the Uuited States, for three hundred miles south of the British possessions, as far as the vallays stretch,is wondexfully productive, The southern states have developed won- derfully in the past fifteen years. I see no reason why the southern states at the end of the century would not be the lead- ing munufacturing section, particularly in cotton fabrics and iron in all forms. 1 have no doubt that the development. that will take place in Mexico will be as rapid in the fature as it was on our own Pacific coast when we first acquied it, and I want to seo the relations between that country and ours the most cordial of any in the world. If they are not 8o it will be our own fault. We should do everything to secure the confi- dence of the people of Mexico, The mcre prosperous the Mexican people are the better pleased wo shall be, and the more it will add to our iudividual inter- Butter ard Cheese association, Articles of incorporation were adopted and filed. A large number of dairymen were pres- ent from all parts of the atate. Col. Lit- tlerintroduced in & ringing speech the following resolution, which met with the heartiest sanction of all present: Resolved, That the Towa Butter and Cheese exchange, as representatives of the dairy interests of the state of lowa, congratulato the farmers of New York state on the passage of the law against the adulteration of dairy products and are glad to know that his excellency, Governor OCleveland, of New York, de- serves well of his countrymen and fellow- tizens for signing said law, and that the secretary be instructed to forward a copy to his excellency. A unanimous vote of thanks was ten- dered Mr. R. McGlinsey, secretary of the Elgin exchange, for his kindness in_at- tending and his very efficient aid in forming this exchange. Thursday, May 20th, was chosen as the day for the first sales in this city. The evening meeting was devoted to speeches and discussion of matters con- nected with the exchange. It is thought this will have great effect on the butter and egg industry of this state, and prob- ably & law regarding the manufacture an of butterine will be enforced. e Nashyille Races, Nasuvicie, May 7.—Five-eights— two year.old colts and fillies—O, B, won, Rico second. Willie OClark third, 106} minutes. Mile and one quarter— three- year-old colts and fillies—Jim Carlisle won, A claim of foul wes made by the rider of Exploit; the judges gave Expluit the second place instead of Buchauan, who made third, Time 2:193. PSR TIowa Bicyulists, Des Moixes, May 7.— Thero will be a state meeting of bicyclists held “hore on the 31st inst., to organizea state society of wheelmen. The chief counsel for the state, Mr. W, L. Howe, of Cskaloosa, has issued the call. e —— The Black-Flags at O Pants, France, May ssension exists among the Chinese Black Flags, There was desperate fighting between them at Lao-Ki. o — The Saivationists in Switzerland Berne, May 7.--Delegates of the various cantons are discussing the pro- priety ¢ f supprcssing the salvation army, eat,” THE MORMON QUESTION, “‘What do yeu think of the Mormon question?” “I think the surest and best remedy will be to take away from Utah the pres- ent territorial government and governjthe torritory by a commissioner as they do in the Districy of Colanmbia; then cnforce the anti-polyamy laws and such laws as congress may present,” CONBTITUTIONAL AMENUMENTS, ““Can you point out any existing effects in our constitution and suggest reme- dies?” “Yes, there aro several amendments that would be of advantage to the coun- tryif they wero adopted, although I don’t believe In tinkering with that institution, and am opposed to inno- vation except in cases of grea necessity, There is one amendment I consider of great benefit, and that is one that would make the presidential term one of seven years instead of four, with a provision that the president holding 7 years there after should be ineligible. I would sug- gest another amendment such as [ recommended when I occupied the exe- cutive chair, which was to the effect that in event of failure by congress to pass any regular appropriations in one year, then the appropriations corresponding with those of the previous year be con- tinued until such time as appropriations may be passed. Another amendment 1 favor is one also recommended during my term of offico, authorizing the presi. dent to approve a portion of any act of congress and withholding his approval from all portiens of the act he does not approve, THE MISSION OF THE PARTY, ““What of the stability of the republi- can party, generall’ ‘I don’t think the wission of the re- publican party yet fulilled, Nor will it bo 80 long as tha states lately in rebel- lion are solidly with one party, without regard to platform or principle,” THE PRESIDENCY, “Now, general, T would like your views on _the pending presidential “campaign, and the claims of the various gemfeman whose names are mentioned in connection with the republican ticket!" General Grant here paused, took a fow deep puffs, held his cigar aloft, and after a fow moments’ thought replied: “Well, I don’t cire tosay much on that subject. If the republicans make & wise selection, they will carry the next olection. I think our prospects better than they were four and eight yearsago.” “May I ask yout opinion of Presidont Arthur's administration?” 41 prefer not to oriticise it.” FOR 10GAN. *‘May I ask then what your proferences may be?” 41 decidedly favor Logan, There are great prejudices againat him at the pros ent time, because of his vote on the infla tion bill, but if h nominated I think his record on the financial auestion clear through from the beginningcan be shown to be entirely satisfactory to those repub. licans who oppose him now. He isa man of ability and a man of courago to maintain his convietions and one who s not swayed about by every passing breeze."” . — THOUBLE: WItH 1URKEY, A Misunderstanding Relative to Our Troaty With the Ottoman Empire. Wasnixarox, May 7.—The attention of Senator Pendleton, author of the sen- ate bill to establish consular and othcr courts, and to_define their jurisdiction, was called to-day to a dispatoh from Con' atantinople saying the Ottoman inister at Washington had protested against tho bill and the Porte would not recognize the views of America. Pendleton said if the protest had been made it was doubt- less based on a misapprehension, Mr. Hitt (T1ls ) was in chargo of a sim- iliar measure pendin in the houso com- mittee on foreign affairs. Ho said the original treaty with Turkey was framed in 1830, The dccument, which was sub- mitted to the senate for ratification, con- ferred ample_jurisdictioual power upon Americsn ministers and consuls in crim- inal oases to which American citizons wero parties, but when the puwer was sought to bo exercised 30 years ago, the Turkish authorities made the point that the Turkish version contained no such provision. The discrepancy appears to have grown outof the translation of a certain Turkish word, This, Hill assumed, was the basis of the Ottoman minister's protest. In the case at Smyrna, which arose under the treaty, it was found impossible to re- concile the conflicts of jurisdiction and the alleged criminal was placed in_ jail from which he escaped during the night. Both parties coming at it is the only way out of the entangiement. ———— WOODMAYN, SPARE THAT TREE, R Meeting of the American Forestry Congress in Washington, ‘WasHINGTON, May 7.—The American Forestry Congress met to-day at the ag- ricultural bllfldinc.pommiuinner Loring in the chair. A paper was read by G. W. Minier, of Illinois, giving a general resumo of the questions to come before the convention. A resolution was adopted that the ssociation has wit- nessed with great skissction the attémpt of the state of New York to rve, protect and regulate the sale of lumber in the forests at the headwaters of the Hudson and Mohawk rivers, and that legislation in this direc- tion be encouraged in all states of ihe Union, That the establishment of ex-, perimental stations and forestry commis- sioners by state be earnestly recom- mended; that the aid of the federal gov- ernment by appropriate legislation for the care and development of forests be earnestly recommended. Grinnell of Towa, King of New York, and Morton of Nebraska, were appointed a committee to examine and report to the convention on the merits of the bill introduced by Sanator Edmunds ip relation to the es- tablishment of a national park in Mon- tana, - ——— Ths American Medics, WasniNaToN, May 7—At to-day’s ses- sion of the American Medical association Dr. Benjamin,of Maryland, offered a reso- lution urging upon all medical colleges the necessity of elevating the standard of education, at least as far as require a pre- liminary examination and a three years course, @ register of attendince and practical demonstrations of diagnostic okill. Speechesadyoeating the resolution were greeted with applause and some hisses. Adopted. Adjourned till to- MOITOW. e ——— Burial of Bishop Toebbe, Covinaron, Ky., May 7.—The funeral of Bishop Tocbbe, occurred to-day at St. Mary’s Cathedral, Arch Bishop Elder celobrated pontificsl mass. Bishop Dwenger, of Fort Wayne, praached the funeral sermon. Others present were the Bishops of Vincennes, Columbus, Louisville, Grand Rapids, Cleveland, Mashville, and Detroit, The funeral pro- cession was very large and imposing, and passed all the Catholic churches in the city. e —— A Grala Fatlure New York, May 7.—Buttman, Tomp- kins & Co., grain merchants, have as- signed. Liabilities, $73,000; actual as- sete, $165,000, ANDREWS’ ARS NO Uf ING TO HOLD DOWH 'EARL BAKING POWDE! ITAMBOUNDTORISE, Ug? CR| oAM irRT R. [fajum of -;.9-9»...’-“!..:..”!&’:" found in Andrews’ Pearl Buking Powder. 1t poi uvely BYRE, Beink endorscl, i Testimonialy recefved Trom fuah cliemists 55, Dana Hayy, los- ton; M. Delafontaine, of Chicayo; and Gustayus Tode, Silwaukee. Neversold in bulk, % S 20 Lake % 267, 280 & 20 o THE FATE OF THE FLORIDA. Particulars of the Colision and Donble Disaster In Mi¢-Ocean, Oaly 44 Saved Out of 107 on Board the Florida, The Colliding Bark Also Croes Down with 12 Souls. The Namo of the Lattor Vessel Not Yet Ascertained. Tho Steamer Titania Picks Up Some of the Survivors. Supposition that an Additional Boat Load of Twenty Were Saved, H 3 Farner Porst, Quenec, May 7.—The steamship Titania from Glasgow paesed BA, this morning. She has on board 24 of the crew of the steamship State of Florida, that vessel having been sunk by a collision with a bark in mid-ocean, Ouat of 167 persons on the State of Florida only 44 were saved, and of the bark’s crow only the captain and two men wore rescued. One hundred and twenty threa souls went down with the steamer, and twelve with the bark, making a total loss of 135, The survivors will probably be landed at Quebecs New _York, May 7. — Distance from Father Point to Quebec, where the steamer Titania with the crow of the wrecked steamer State of Florida iscxpected to land, being nearly 300 miles, makes it doubtful whother par- ticulars of tho disaster can be learned until a late hour to-night. Austin Bald- win & Co., general agents of tho Stato Line Steamship company received a des- patch, a duplicate of that received by the associated press. It reads: “FatEn Poixt, Quebec, May 7.—Steam- ship Titania, inward bound, has on board twenty-four of the crew of the steamship State of Florida. The latter collided with a bark in mid-ocean and went right down, Out of 107 souls only forty-four were saved; of the other twenty have boen picked up, I'he batk also went down with twelve souls. The survi- vors will be landed in Quebec to-night. These aispatches are not inconsistent with the report ‘made by the City of Rome that the ship which signaled her in mid-ocean had on board a portion of the orew of the State of Florida, but on the other hand corroberates that story and lead s to the conclusion that twenty not picked up by the Titania, were res- cued by another vessel. The agents can- not account for the collision, as the scamen of the State of Florida were all trained, and the cfficers, from captain down, wero experienced careful men. : Farraer Poist, May 7.—~The Titania remained here so short a time that only brief particulars were obtained. Twenty other supposed survivors who were in an- other boat, were picked up by some other vessel. The bark's name is unknown by any of those on the Titania. The Titania will arrive at Quebec about 8 o'clock to- night, but only exchanges pilota thero and proceeds to Montreal. It is proba- ble that the survivors will be sent ashors at Quebec with a pilot boat and put charge of the proper authorities. ToronTO, 11:30 A. M —Advices from Father Point says the Titania having to 20 to Quebec with no delay will probably reach that city at 9 o'clock to-night if the conditions continue favorable, It will be impossible to got & statement_regarding the circumstances under which the colli- sion and disaster occurred or to learn the names of the survivors until then. Quenec, May 7.—The steamer Titania, with some of the crew of the lost steamer State of Florida, passed on to Mon- troal. Quesec, May 7.—The painful suspense here all day with regard to the survivors of the disaster of the ill-fated steamer, State of Florida, was relieved to-night by the arrival of the steamer Titania, which however, proceeded straight to Montreal. The Titania was boarded by press repre- sentatives, who accompanied her somo distance up the rive# and gleaned the names from the saved and some thrilling particulars of the disaster. The follow- ing is a list of the saved brought by the Titania: Jas, Allan, third ofticer; Aundrew N. Steele, surgeon; Wm. Armstrong, able seaman; Francis Graham, ditto; David Walkor, passage worker; David Chine, storekeepor; Alex Mitchell, donkey man; James Thomas, fireman; Wm, H Smith, passage worker; George Forrester, second steward; Neil Mcneller, assistantateward ; Jas, McKenzie, Robert Young, assistant ditto; John McDonald, ableseaman; John Sanstrem, ditto;}John McGowan, assis- tant cook; Adam McFarlane, assistant ditto; Wm, Miller, baker's mate; James Bennett, London, Ont., first class pas- senger; Androw Fairbairn, second class ditto; David Struthers, second class do.; James Patience, steerage passenger; Jo- nah Hall, do.; Eliza Churchhouse, do, Total, 24, The following are the names of the remainder saved, now on the way to Quebec on board the Norwegian barque Theress, of Christiana: James Thomp- son, chief officer; Thomas Bair, boat- swain; John Smith, boatswain’s mate; Peter Peterson, carpenter; Henry Ander- son, lamp trimmer; John Silverblade, John Miller, quartermaster; John Smith, Chas. Lane, Geo, Armour, able seamen; Johu Beard, boatswain’s yeoman; Wm. Larnson, able seaman; Wm, Hyslop, second engineer; Edward Boyle, John McDowell, stewardess; Hugh Morgan, Peter IRen- ning, Martin Patterson, Francis Watson, steerage passengers, Total o — English Rallway for Egypt. Loxbox, May 7.—The government has sent an order to Cairo directing that a railway bo constructed by the English government beyond Wadyh .x\fa, the plan 10 be sent from Cairo at e earliest prac- ticable moment, Seventy miles of the road will be made availuble for the autumn campaign, e — Aus Boclalist Democrat’, VikNNa, May 7,—The Austrian social- ist democrats have issued a manifesto at Pesth, Several copies were seized there and many copies ciroulated. The Vienna manifesto asserts that the sucialist cause is meeting with constant develop- N0, 279 ment, and counsels the adherents thereto to renounce secret agitation and defend publicly all party reforms. The socialist democrats manifesto declares a desire for a reduction of the hours of daily labor and universal suffeage, which will prepare the way for an eatly solution of the social question. It further asserts that an economic crisis is imminent, and that America must put a stop to emigra- tion from Europe to that country. o — AN AIR L AILWAY, Mapped Out on Paper From Merceiy Pa, to Conncil Bluffs—300 Miles to be Saved, Des Morxes, Towa, May 7.—The East« ern and Westorn Air Lino Railway come« pany hlod articles of incorporation with the county recorder hore to-day, and will filo the same with the secrotary of state to-morrow. It is the building of an air ino from Meroor, Pa., to Council Blufts, lowa. The distance between the two points is littlo more than 900 miles, and they claim that an air line will save near- ly 500 miles over any other route which can bo solected, The gentlemon say that the line is so near an air line that it will not vary moro than six miles either way from such line. 1t is to cross the Missis- sippi river at Keithsburg, TiL, if built. The line as now planned, would run not far Zfrom midway between the Chicago, Burlington & Quincy road, and the Chicago, Rock Island & Pac Tae only way it will haveconnection with Des Moines is what can be got crossing the roads running into D:s Moines. As the gentlemen say, ** it will be built without regard whatever to any cities or ronds. Villages like Chicago an1 Des Moines are not taken into account,” Also provision is made in the articles for a line from the crossing of the Mis- sissippi river in a southwesterly direction to the Missouri state line in Van Buven county. This has a suspicious look of an air line from Kansas City to Chicago. The capital stock is §13,000,000. The principal Towa offices are provided in the articles to be located here. The names signed to the articles are: Thos. W. Osborn and Waldorf TL Phillips, of Now York, and J. W. Ives, of Des Moines, the latter the attorney of the company. IOWA’S MASONIO LIBRARY. The Corner Stone of the Bullding Therefor Dedicated at Cedar Rapide, Cepar Rarios, May 7.—The corner stone of the library of the Grand Lodge of Towa was Iaid here to-dav with im- posing ceremonies. Also the corner stone of St. Luke's hospital, a local inati- tution. The addresses were by Grand Master Van Saun, Bishop Perry, Grand Secretary Parvin, the mayor of Cedar Rapids, and others. Hundreds of uni- formed knights and other masons were in the procession, The supper and re- ception at the rink were attonded by thousands from all parts’ of the state. This is the only grand lodge library in the world and the most valuable collec- tion of masonic works inexistenus besides thousands of federal Wworks, including the the famous Bower collection, recently boughit by the Grand Lodge. e e The Merchants of the Two Valloys. &r. Louts, Mo, May 7.- The mer- chants of Miesouri and the northern Mississippi valleys, who met here yester- day organized a permanent associaticn te-day, to be kwown as the Miesissippi & Missonri Valleys Trade association, and elected the following « {icers: Pres- ident, P. H, Nealy, St Paul; Secretary, W. H. Hall, Kansas City; vice-presidents, Grogory of Kansas City, Johnsou of 8t. Joseph, Mo., Nutting of Davenport, Towa, Finch of St. Paul, Brookings of St. Lounis. The object of the association is the general protection of the interests of jobbers and shippers in the section of country named above, especially in the matter ,of transportion rates. They have already prescuted n petition to the Joint Western Classification Committee now in session here e r———— Base Ball Yesterday, At Boston—Boston, 7; Buffalo, 0, At Quincy—Quincy, 8; Still water, 2. AN EXGITIXG DAY. Cbioago’s Market Permeated with Considerable Exocitement. lhe Aotivity Characteristic of 01d-Time Speculations, Large Transactions in Wheat lat Somewhat Better Prices. Oorn and Oats Follow in Strength and Appreciation, The Catt : arket Active and Botte, g* ares Obtained. B 7 £ York Looked For able Nervousness, News From With Con RO MARKETS, A ST § SESSION, Spacial Dispatch Tte Bxe, Cuteaco, May 7.—The market was filled with uncertainty and excitement to-day, accompanied by very heavy trad- ing. News from New York was sought with some avidity early in the day in ex- pectition that it would have some effcct on the values, but as advices seemed as- suring, speculation hero thereafter took its own course. Tho fluctuatio s in wheat and corn were violent at times, but the latest prices of the day were con- siderably in advauce of yesterday's clos- ings and the greater portion offyesterday’s decline was recovered. THE WHEAT MARKET) showed strength despite the great ner- vousuess, and very heavy selling by the short interest. Kverything offeres taken, and prices rose in the face of an attempted bear raid; outside orders were more numerous and the activity displayed throughout the whole session was charac- teristic_of the palmieat days of speculas tion; wheat opened § to {c higher, 3"“’ % ly advanced { to }c, later, receded fe, but with active demand became strong, prices gradually advancing 1{c above in- side figures. Somewhat of local bull movemsnt was developed, and pariies who had sold yesterday in anticipation of o further decline to-day commenced to cover, and the demand from the short side aided the advance. Later, unaer free offerings the market ccclined & to 1c, but renewed buying agan advanced §. Shortly before closo there was heavy selling again, under which piices declin= od 11c, finally olosing } to o higher than yesterday. i On the afternoon call hoard the ment was reuowed and prices sharply advanced. June closed ab August 91§, Sules on call were 3y 000" bushels. 7 CORN. wag active and scored a tteony ad There was a large number of orders to buy at yesterday's decline, Re= ceipts were smaller and shipments con- tinue fres, The market opened §o 3 er, and prices advanced with cnly # @ fluctuations 13>, declined jc again, i { to Zo, closiny 1o over yosterday. May closed at 55, June 564, July On call sales were 525 000 buehels, May- rosp to B6}o, June to BT}e, July to 0ATS was firmer and highor, May closed af 32i0; June 33{2; July 333, On call sales were 10,000 bushels, June advancing ge. | PROVISIONS, Provisions were quiet but strong. CATTLE. The cattle market was again active, and prices geuerally were quoted s than yesterday on all sorts of sl and dressed bocf grades, butcher’s selling quickly, some distillery cows ing high prices. The first grass Texans were oo the market, and sold for 84 76, ‘Tho first last year sold for §5 00. Noths ing doing in stockers and feedere. Good t ohoice shipping, 1200 to 1350 po% 86 00 to $6 30; common to medium, to 1200 pounds, 5 40 to $5 00; grass Texans, 838 to 846 pounds, $4 76. e — At Pitisburg—Metropolitens, 8; Alle- ghanys, 1, At Cincinnati—Cincinnati-Indiana; o- lis, postponed on account of rain. At New York— Philadelphia-Bultimore prevented by rain, At Peoria.—8t. Paul, b; Peorla, 9, At Terre Haute,—Bay Oity, 4; Tarre Haute, 3. At St. Louis,— St. Louis Americanr, 16; Toledo, 0. At Louisville. —Game postponed tili Thursday at Milwaukee. Milwsukee, 2; Minneapolis, 1. At Providence.—The Cleveland-Provi- dence game ended after two in:ings— rain, ——— The Lake Shore Log, Cuevenanp, May 7.—The annual meet- ing of the Lake Shore stockholders was held to-day. The directors annual report shows the gross earnings to be $18,000,- 000, an increase of over §250,000; net firemen; Jane McFarland, |, earnings, $7,600,000; incrcase, $343,000; operating expenses, $11,000,000; surplus for the year, 855,600, During the four- teen years the road has 96} per cent on the capital stock, of which 81 per cent was paid to stockholders, Total funded debt December 31, 1883,842,042,- 000, ! The 8t, Louis Board of Trade, 81, Louis, May 7 —The Board of di- rectors of the Merchants Exchangoe adopted a resolution (favorivg a single sion daily from 9:30 a.m. to 2:30 p.m., and decided to confer with other ex- changes on the subject, The directors also decided to submut to & vote of the exchange whether it sl all wm]gly with the demand of the Obicago Board of Trade, that market quotations recsived from the latter be not given to the buck- et shops of this cit, o —— Dry Goods in New York, New Youk, May 7.—In dry goods, a three days ruin has interrupted the de- is mand, Business in all departments very moderate The tone of the market is steady, L ——— The Nevada---Komano Oollision, Br. Jouxys, N. ¥., May 7,—The ofticers g the steamer Novada steadfastly refuse Lo talk concerning the manner and tbe Pl of the collision with tha Romano, Good Riddancr. Mements, Tenn., Muy 7.—Wam, D, Harain, ex-shorifl «f Crittenden county, Ark., was shotand killed yes Marion, near here, by Jawes A the latter being mortally wounded in meles, Hardin was a desperado killed one man and beeu engezed 1n 88V~ oral bloody affraye. The difficul tween Hardin and” Murray grew out of & law euit, Telephone and Yelegraph Wices, Bosron, May 7 —The railread com- mittee of the legislature has unanimous~ ly reported adversely on allowing tele~ phone and telegraph companies the right to useland along railroads for erccting lines of wire, S That Perturbed Pool, New York, May 7.—The joint exacu- tive committee of the passenger depart- ment began session again to day, to con= sider the renewal of the passenger pool contract. Tweaty-five liues were rep~ resented, e —— The Chester Cup, Loxpoy, May 3.—The Chester cup run was wou by Havock; Lou's D'Or, second; Taphita, third, PURIFY Tt BLOOD. U{E marvelous results of Hood's it