Omaha Daily Bee Newspaper, May 16, 1884, Page 1

THIRTEENTH YEAR. e THE OwmAHA DAILY BEE. OMAHA, NEB. FRIDAY MORNING, MAY 16 =] NO. 286 tion favorably. He does not anticipate further failures either of banks or bank- ing firms; although be admitted the pos- sibility of some weak stock houses sus- pending temporarially. The failure thelatter he does not regard asa misfor- tune, as it would weed out small dealers and help to giye a healthier tone to the goneral situation.| THE MARKET RISING Kiernan's agency says: Davis?& Co. received orders from London to buy both stocks and bonds, The London market for American securitios is advancing with a strong feeling. The stock market is strong and higher in consequence of the resumption of the Metropolitan bank, and the action of tho Clearing House. Prices roso from 1} to 4 per cent. The failure of Dimick & Co had cempara tively littlo effect. TIHE OPENING, Warn Streer, 10:00 a.m.—The floor of the oxchange had more than the usunl complement of buyers, and by 0:30 crowds of spectators wathered in knots waiting the signal to commence thoday’s business. Just as tho clerk marked ten, Chairman Mitchell gave three raps of a gavel, and in an instant the pent up ex- citement of the brokers gave vent in a howl, and five hundred hands were lifted in tho air, and the various pools wero formed, in which different stocks were dealtin. Ere five minutes had elapsed the gavel wae . «in heard amid the din, and the annoincement was made that THE PANIC PARALYZED. The Speculative Fog Lifts From the New York Market, Business Resumes its Normal Condition and Prices Rise. The Financial World Breathes Easier and Banks Re-open. Foreign Cash Turns the Tide Into Healthier; Channels. Jay Gould Pronounces the Scare "Foolish and Absurd.” Grant & Ward Swamped by Over Fourteen Millions, Senator Chaffee Practically Pen- niless by the Break. Kansas City Banks Pool on a Plan for Preservation, Conplete Reports from all Financis Centres, IN NEW YORK. A BRIGHTER DAY, WaLt Streer, May 15, 11:00 a.m,— The foreign exchange market was affected unfavorably by offering large amounts, as well as by the withdrawal of money by cable from London for use in thismarket, the high rates for money on call here rendoring such transactions highly prof- itable. Brown Brothers reduced the rate of sterling bills to $4 87 long, $4 89 short, a slight decline of one cent. The first hour of business showed only one failure announced, and this did not in- volve any other firms. Confidenco is being gradually restored, and among fin- anciers fewer anxious faces are mot. It seems generally accopted that tho worst is over, and‘many capitalists are begin- ning to discuss the question as to whether now it is not the time to buy for a rise. Some fow are buying. This fact relieves the situation of one of its most dangerous elements, namely: witholding capital from the market. The stock of the bankers and mer- chants telegraph, which yesterday sold at 119, is now down to 65, GRANT AND WAKD, Receiver Davies reports the liabilities of Grant & Ward, as far as he is_able to ascertain, are $14,001,531. Collaterals held by creaitors between $10,000,000 and $12,000,000, leaving unsecured in- debtedness between two and three mil- lions. Henry L. Facquer was electod presi- dent of the Metropolitan bank, in place of George T. Seney, rosigned. . M. Dimick says his trouble was cased by his inability to raise money on securities. All customers’ accounts have been profitable. George Putnam Smith was appointed assignee, Preferences to customers, A SAGE OLD COON. Raussell Sage is paying all demands on privileges. The report that he had *‘laid down” on contracts was started by some- body ignorant of the ways of the street. The only contract he refused to take yes- terday were those on which the usual one day’s notice was not given, Transactions on the board so far, for the account of Dimick, have been stocks bought in under the rule. They were short of the general market. SENATOR CHAFEEE BANKRUPT, A Washington special says: *‘Friends of Senator Chaffee, who was in Washing- ton, say Chaffee was one of the greatest sufferers by the failure of Grant & Ward. He lost every cent of his available re- sources. Last year he considered him- self worth §3,000,000, of which $2,000,- 000 were in Colorado properties, which have sinco greatly depreciated and are not now marketable. At the time of the marriage of his daughter to Buck Grant he had one million dollars in cashsccurities, When his daughter married he gave her $400,000 in bonds. These were_ all put into the firm of Grant & Ward and every dollar of them are lost. Chaffos himself, in streot speculations during the past year, lost$100,000. A month orsix weeks ago he had half a million_in cash secur- ties, Just before ho made his last vis- it west he took this money and gave it to his son-in-law tokeep for him during his absence. It was not for investment or was it for the purpose of securing any investments. It was simply deposited with young Grant a8 a trust during his brief absence. This money in some way reached the hands of Ward and it was lost. Chaffee is practic- ally penniless and ina most wretched state of mind, This friend of Chaflee says it is by nomeans believed that Ward could have lost the large sums charged up to his failure, He believes $2,000,000 would cover the legitimate losses of the firm and hints directly at very scandal- ous developments which will result in rigid investigtaion of what Ward has done with the money, THE METROPOLITAN BANK RESUMES. The Metropolitan Bank posted a notice of the bank examiner having made an investigation and the bank will resume businees at 12 o'clock. A. W, Dimick & Co., pended. At0:4D A. M. the scene on the strect was cno of unwonted activity, Sirce carly worning brokers offices opened and clerks were busy getting accounts set- brckers, sus- tled up. Mauy leading firms kept em- oloyes until midnight. A general over- hauling of accounts was made 80 on the opening of the exchange this moruing affairs would be in a better condition than for many months past, as now margins had been called to Dimick & Co, of the United bank, sus- pended. Dimick is president of tho bankers and merchants’ tolegraph. A BREAK 1N THE CLOUDS. 10:15 8, m.—Dispatchos were received this morning from London houses by leading foreign bankers giving orders to buy both stocks and bonds at market prices. As it was feared, foreign orders to sell would be tho chief factor in tho downward movement to-day, this news was greoted with great satisfaction and was regarded as another break in the clouds that threaten the financial world. GOULD'S OPINION. Jay Gould stated to the Tribune: ““The disturbance is a senseless thing. 1t comes from fear of each other by both banks and brokers, I think, rather than anything else. The general calling of loaus is wholly unnecessary and foolish. I supposo the banks are a little more cau- tious than usual on account of the loss incidentally suffered by the Firat Na- tional last week, but I think the worst is over. People will regain their sonses and there will be or- ders here from all over the country, from persons_cager to pick up bargains. The action of the banks is excellent. Every- one can see there will bo no panic whilo the banks stand together. Lam sure all this excitement is at anend.” Gould con- tinued: “1 never expected to soo West- ern Union sell below fifty. However, the company is certainly earning its divi- dends and this trouble only adds to its business. 1 should suppose some brokers might have realized that fact.” APH TUMBLE, weer, 10:45.—The Bankers’ & Merchants’ telegraph stock, in which Dimick & Co. were heavily interosted, is offered at 75, against $1.19 sales yestor- day. A sale at 65, “‘soller 52" was just recorded. A BANK RESUMES, The Metropolitan bank resumed pay- ing all depositors presenting checks. Even before tho hour named for resump- tion the paying teller opened his window. The first man in lino received his money. At noon the number in_line was not over twonty, principally boys and clerks. Only “one lady ameng them. She was attired in widow's weeds, Her gratifica- tion on receiving her money was plaiu. The small number drawing out funds i regarded as promising for the futuro of the bank. OTHER MARKETS, At the produce exchange there was no excitoment. It was comparatively dull. At the petroleum exchange little w s do- i Prices opened higher but loat the advance and are now steady at yester- day's prices. There s no appearanca of trouble at the produce or petroleum exchanges, PALL IN BOSTON. WaLn 11:30.- A dispatch from Boston reports the suspension of T. A, Hawley & Co., a firm which, although not heavy dealers, were regarded as of good standing. Hotchkiss & Burnham are balancing accounts, and expeats to resume to-morrow. THE CRISIS PAST. WaLL Stieer, 11:45 A, M.—Compara- tive quiet reigns at the stock exchange, 1t is more apparent every moment that the crisis is past. Tho suspension of Hawley & Co., of Boston, was caused by a run on the banking departmeat of the house, It is balieved it will be temporary, Among the bankers who received orders from London and the continen - ican securities in this mari.o. wce Bel mont, Seligman, Drexel & Morgan, Mor- ton & Bliss, L, von Hoffman, Kuhn & Loeb, Ludwig, Thalman, J. H, Davis, and J. D, Probst. A LONDON, STOCKS ON THE RISE, LoxnoN, May 15,—The agent of the Associated Press this morning called upon the leading London bankers having im- portant American connections with a view of learning the opinions concerning the panic in Wall street. The feeling generally expressed is one of confidence that the panio will be considered merely local,butthey were positive it occasions no failures in London, either inside or out side the stock exchange. The general soundness of the financial gituation here is evidenced by the fact that there is not been rumors of large failures. The ' remarkable decline of American securities the past few days at- tract a new class of investors into the market who were stimulated also by th apness of money in England, wny and Franco. Prominent bankers said it is amazing how little etock is being s0ld here, but he said the bear sales were immense, The market shows a strong disposition te respond to anything favor. able from America. IN KANSAS CITY. prevent a rash sucrifice of good securities. THE OUTLOOK, A representative of the associated press just talked with a financier of 45 years' experience. Ho mays the action of the banks .in declining to THE BANKERS POOL, Kaxsas Crry, May 15, give ocertified checks for the balunce. This agreement includes all The baukers of the city met this morning, and agrecd to pay 20 per cent cash to depositors, and f ) 1 except pool their lssues has decided the situa- | Armour’s bank, which prefers to pay dol-| were shown on the announcement of the Fisk & Hatch failure, the uncertainty as to sions, Balances at the Clearing House will be announced at 1 o'clock, when a plan of settlement be agreed upon. It is thought the plan decided ugon 1n New York will be adopted Hsre. There was some excitoment this morning, but this had materially subsided at noon. lar for dollar. owing to its dimen KANSAS CITY COOLER, Kaxsas City, Mo., May 16.—The slight flurry of this morning has disap peared thixafternoon. A large numbor of deposits were drawn out this morniug but nearly all were small amonnts, large depositors appearing confident tho scare was artificial. Encouraging eastorn ad- vices brought about an early reaction and the excitement gradually subsided. The report which got abroad that the Bank of Kansas City was involved seems to have originated in the impression that the bank had a large account with Don- nell, Lawson & Simpson. Their hoks show they had only $34,000 with the Now York firm, comparatively a small amount. The feeling now is that the oceasion Tor the apprehension of sertous trouble i er, [E— IN PHILADELPHIA, A BOOM IN PRICES, Putia, Pa,, May 15, 11 & m—Busi. ness opened this morning on 3rd Stroot with a decidedly better feeling. Philadel- phia stocks all took an upward turn on the strength of the announcement that the Motropolitan Bank would resume. LATEST FROM NEW YORK The Bank ot Hateh Goes New Yok, May 16,3 p. m.—The firm of Fisk & Hatch has failed. [t is composed of A, S. Hatch and Harvey Fisk. Hatch was recontly elected prosi- dont of the stock exchange by unanimous This firm has been the heaviest 1 FEELING IN BUROPE Loxvox, May 16, —Tho St James Ga- zotte says: The New York panic was dis counted yesterday. There have been large purchaeos of American soourtios on tho stock exchange today. Some job- bers caught short stocks, oro a weneral roebound in securti s, Lako Shore, Central Pacific. Milwaukee & St Paul, and Ills, Central advancing, The larg- est business on the strest in a singlo day for years was done today. Purchases American stocks by the small-investing putlic was enormous, The marcoet is firm throughout no cheques men re- turned from the clearing house, Advice from Frankfort and other financial con- tres report great activity in the pur- chase of American securitfes. The feel- ing of confidence was increased by the growing belief in the solvency of Ameri- can banks, At Amsterdam American securities wero in great demand; prices vote. dealers in government bonds in the streot and was considered a staunch, conserva- tive, reliable firm. It has been recog- nizod as fiscal agents horo of tho Chesa- peake & Ohio railway and of the Eiiza- bethtown, Big Sandy & Lexington rail- way. They have sons in the ‘stock business. ment of the suspension came like a thun- dor-bolt in the exchange. Wm. Lum- mis is now acting president of tho ex- changeowing to Hatch's disabilitios. K- forts to aid his sons ombarassed the firm, Hatch has been prominent in ud sons-in-law The announce- il - went much higher over Now York religious matters, philanthropical meas- | quotations, but the markoets cloged lons ures, and was frequently heard as a loc- | firm. turer on roligious subjects at the Mac au. AP Fisk had just re- Tho im- ley Cromono mission. turned from a tour of Earopo. mediate result of the failure on tho stock exchangs was the decline of 1 to b points. The weakness i the government bona market is explained by the suspension of this firm. A reporter of tho associated press, who called there two hours ago for explanation of the failure, was inform od thero was no known cause for it. Wm. Lummis, vico-president of the stock exchango it now at 2 p. m., acting as president. This firm wont to wall during the panic of 1873, but resumed shortly. The susponsion was not an- nounced until a fow minutes before 3, the closing hours of the exchange, but the effect was instantaneously deprossing. MOLE BROKEN BROKERS, Bosrox, May15,—F. A, Hawley & Co., bankers and brokers, have suspended They cannot give astatemont of liaby tios. They stato their suspension is due to a failure to ascertain just whero thoy stand. Thoy have been doing business as a bank of deposit. The amount due depositors is unknown. They hopo to resume, but it is_not probablo, The house is rated at $100,000, Bosrox, May 16.—Hill, Stanwood & Co., brokers, correspondents of Goff, Randall & Co.,New York, havo suspond- ed; linbilities §10,000. The failure is of no significance. Tt is now stated the deposit account of Hawley & Co., is $250,000; total liabili- ties £500,000, Thero aro rumors of - the On the announcement of the fail- |firm speculating. i ure a rush of operators was made| Larer.—H. P, Mandell has been ap- to the oftice of the failed firm. |pointed assignee of all the property, ac- counts and business of T Co. A. Hawley & Hawloy acknowledges HIS FAILURE IS A VERY BAD ONE, in that almost everything is gono and re- sumption impossible. Affairs, he suys, are somewhat mixed Hid will require several daya before an) finito state- meut can-be obtained. The liabilities e believes will not exceed §150,000. Yes- terday somo of their customers refused to make good their marging. This, with the heavy run on doposits, led to the failuro, which not only wfects stock op- orators and speculators, but will reach many peoplo of small means all over New England, and anxious inquiries were made by the brokers as to how the firm stood. ~ Fisk was seen by an asscciated press reporter, but refused to say anything. The doors closed and the crowd outside increased. Tho suspension is 80 unexpectod its effact is more than double aud tho street is again excited, Brokers are rushing around wildly and the situation again as- sumes a troubled aspect. JOE. BANK GOES DOWN, 8 1, Mo., May 14—The State Savings bank, of this city suspended and assigned to-day C. B. Krance, the president, makes a statement to tho ef- fect that the bank is intimately connect- ed with Donnell, Lawson & Simpson, of New York, and has been for a long time alarge depositor in the New York na- tional bank which suspendod to-day, thereby necessitating suspension. They hope to resume in a few days and pay all depositors and stock holders in full and leave tho surplus intact. THE SITUATION AT THREE P, M, New York, May 15.—There wasa slight run on the Bleecker Street Savings bank to-day, which subsided at noon. At the 2nd National there was no excite- b Litve glncl-. Special Dispateh to Tik B, Cutteaco, May 15, The cattlo market opened rather slow and the first sales showed a slight decline ofer tho closing prices of yesterday, making a decline for the week of 10 to 15 c.; good to che shipping, 1,200 to 1,600 13u., 5 90 to 6 30; common to medium, 1,00 1bs,, b 25 to Tho hog market oponel weak and dull, with but fow regular bupers operating, Chicay ment, At 245 p. m. Fisk & Hatch sus- [ The first sales showed a rong fecling of pended. b to 10 c., and at ono time it looked as though prices would go lower, Later, however, under more fivorable advices from New York, down ©wn and board of trade market, thero wis a botter de- mand but the market nally closed at about 10 ¢ lower. Both prices and do- mand were uneyven fror first to last. Whenever one or two bigers for the big packing houses withddw down went pricen. Again, when thiy resumed, up went prices, These were events that came £o pags onco or f%m} during the THE SECOND NATIONAL. New Youk, May 15.—The rush on the 2ud National bank has about stopped. There were 148 depositors up to noon. The clearing houso has arranged to pay all the #econd National debts. IN CHICAGO, THE REBOUND, Cutcaco, May 15.—At the opening on 'change this morning there was a violent rebound from the low prices of yesterday, and for the first half hour it appeared as though the depression of yesterday had been completely shaken off. Wheat ad- vanced 3} cents over the closing prices of yesterday in an incredibly short time, The heat and excitement in the trading pits naturally was very geeat, and for the first ten minutes there wasa struggling and swaying mass of PANIO STRICKEN TRADERS, who were buying and selling large lots of wheat and corn at prices varying fully 1 to 2 conts per bushel. After the lapse of half an hour, there came forenoon. Rough pack®i' 35 to b 75; packing and shipping 57 to 6 05; light b 5 85; skips 4 00 &) b 00. Low grades wak; wooled in- b 20 t e e—_ What Ails Governor (porge Hoadly, Cincinnati Enquirer, If successful in hie plag: tal convention he will try tolay the rolv ot Garfield at Chicago. Hewill be for Til- den or Payne, but he wilthold his hand on his jumping heart andsay to himself; ‘*Here is the man,” and he will expect the assembled multitude § democracy to cry out and echo his inmat soul by say- ing *“Thereis the man,’” This ix his rumors of bank troubles at Iansas City |dream. This 1s what he #n for Govern- and Quincy, and similar discouraging ru- por for, This is what ails ¢eorge Hoadly, —— mors from other vpoints, which caused prices to break, and but for which, it was contended, prices would have been carried well beyond the least prices of the day. July wheat rose to 917, de- clined to 80{, advanced to 90§, receded to 90, and ciosed on change ut 90}« 90}, or 11@l} over the latest figures on change yesterday. June cloaed at 88{, On afterncon board a further decline oc- Fatal Fi oryFive, Worcestex, Mags:, May 15.—Papa- choag mill, manufacturing” woolen yarn, was burned to-day, It ws owned by Georgo Compton and mauged by Josoph Sargont—Loss, $160,005 insurance, §112,000--A roore of mxxluyuu, princi- pally girle, were injured b luping from the building, eeveral are lvely to dio, curred, uwing to the announcement of | It is feared bodies will bifound in the THE FISK AND HATCH FAILURE ruins, at Now York Juno, closing at 877, A 211000 vork July at 89§, e ey e Corn wan following the course of | HEW YORK, May in a big o | factory on First avenue, between 20th and 50th etreets, damage(the building and contents $77,000, Te Manhatten Stamping company sufferspthe extent of £50,000; uninsured, The dher occupants and the owner of the builjngs were in- sured, wheat very closely, July opening o bid, fell off to 68! ied to O8], closed at 58}. On the afternoon board declis and closed at H8, In provisions the trading was light, and prices closed nominally unchanged, The interest in the New York situation subsided in a large measure, though the rooms of stockbrogers were crowded daring the day by people watching the quotations, A FEELING OF RELIEF was shown at the advance of values, The resumption of the Metropolitan bank Drriorr, Mich,, May 14§—Last night A. A. Shaw, trossurer of Clear county was bucked and gagged at Harrison, the county seat, and robbed of £),000. No clue, T An lowa Boy Kii NEWS OF THE NATION. The Senate Passes the Hdnse $1,000,000 Bill for New Orleans Fair, ThoHouse Spends the Day With the Diplomatic Bill, Reduoing the Austrian and Italian Ministry to $12,000, Cullom’s Bill to Prevent Bank Presidents from Gambling, The Pension Bill Finally Report- ed to the Senate. The General Swalm Inqu Other National and Political Matters, FORTY-BIGHTH CONGR SENATE, Wasiisaron, May 16,1t was agrood that whon it adjourned to-day 1t be to noxt Monday. Tho chairman laid (bofore the senato a mossago from the prosidentrocommend- ing an appropriation to enablo the gov- ernment to executo the provisions of the convention betwoen the United States and Mexico, relative totheboundary lino botween the two countries. Bills were reported favorably from committees:—By Logan, from the com mitteo on appropriations and invalid pension bill with amendments. Calen dered. By Allison, from the same committee, with amendments, a bill to aid the World Industrial and Cotton Centennial oxposition at New Orleans. Tho bill was immodiately put upon its passago. A long debate followed. Tho bill was puss- od substantially a8 it camo from tho house, the amount remaining at a million dollars. Mr. Morgan (dom., Ala,) oftered a resolution in the eenate, which under the rulo went over one day, directing tho committee on finance tn examine into the causes of failures of such of the national banks in the city of New York as have suspended business in May 1884, and roport whethor said failure have to any, and to what oxtent resulted from any violation of the laws regulating their con- duet, or from giving certificates upon drafts, or by their accoptance drafts and other commaercial paper drawn upon them directly or indirectly, in the evasion or in the violation of laws, and whether any national bank in Now York city has been engaged since July 12th, 1882, in vio- lation or evasion of the laws regulating their conduct, and that the committee have leave to sit during the sessions of the senate, and to visit the city of New York, to send for persons or papers, and ) examine witnesseson oath. Mr, Cullom (rép., Iil.) introduced a bill, which was referred to the committee on financo, to prevent speculation on the part of oflicers of nationul banking asso- ciations, Tho chair laid beforo the senate the unfinished business, being the house bill to establish a hureau of labor statistics, Afcer the executive session adjourned until Monday. HOUSE, The morning hour was dispensed with and the house went into committea of the whole on the diplomatic and consular approrintion bill. Mr. Hitt (rep, 11.) moved to amend bofore tho secrotary's lotter was recoived: The endorsement on the secretary's lotter, signod by Swaim, was almost a litoral copy of the statement propared by Swaim in the morning before the lotter came. The defense restod the case, with the exception of ono witness, to be called lator, PROTIBITING SPECULATION, The following is tho text of the bill introduced by Senater Cullon to.day to prohibit speculation by the officers of the national banking associations : ** Bo it enacted, o That it bo un- lawtul for tho president, cashier, teller, or other chiof executive officer of any national banking association, having a capital stock to the amount of $200,000 or more, to deal, trade, or otherwiso ongago in speculation on stock, bonds, or other socurities, or in grain, provisions produce, or oil on margins, on his own individual account br forhis own personal profit, cither divectly or indirectly, or to havo any partuership or other financial interest in the operations of any privat banking or brokerago firm or businoss _Any such oflicer who violates the pro- visions of this act, or any person who aids or abots such officor i violating the provisions of this act, will bo deomed guilty of n misdomeanor and imprisoned not less than onoe year nor mora than five years, or fined more than £1,0)0, THE AN1I-MONOPS, PROTESTING AGAINST W ESDAYES AcTION Onteaco, May 15,—A meoting of delo- gates to yesterday’'s Anti-Monopoly con vention which nominated Butler for president, ropresonting Now York, Mary- land and the District of Columbia, was held to-day and a protest dreawn up ob- Jecting to that action. The grounds of tho objection are that to namo a candidate in advance of action by the other conventions was contrary to the wishes of tho truo Anti-monopolists of tho country, that tho convention was not w ropresontativo one, of the 120 votes cust for the presidential nomine 61 wero by dologates from two states, Illinois and Michigan, that many of the delegates prosent wero greonbackers on the way to the Indianapolls convention, that the convention represented Butler's frionds, NOT THE AN’ MONOPOLISTS and was called at the instigation of tho greonback leaders. For these reasons, and becauso the convention would not liston to reason, thesignors say thoy with- drow from tho convention, and *‘ln tho namo of the people of the United States,” issuo with a protest andanother anti-mo- nopoly platform, —— SADDLE AND SULKEY, Yesterday Record of Races at Varl- ous Points—Three Accidents at a Steeple Chaso, WAsnNGTON, May 15,—Six furlongs— Constantina won, Iota 2d, Quobec 3d; timo, 1:17} Milo and a quarter:—War Eagle won, ’l‘ullmtridu 24, Compensation 3d; time, 2:15, Mile and one-sighth:—Knight of l- lerslio won, Girey Stone 2d, Welcker 3d; timo, 2:01]. Milo heats,—Jim Nelsen won, Hilarity 2nd, Keno 8d; timo, 1:4} and 1:45} Seven furlongs,—Polaris won, Mor- daunt 2nd, Marmaduke 3d ; time, 1:31. Steoplechaso.—Ranger won, Abraham second, Weester 3d ; timo, 4:19, During the steeplechaso Tonkaway foll, Shamrock throw his rider, and Gath, in taking a hurdle, caught his feet and went down, striking upon his head, His ncck was broken, and ho died instantly. Lexixaroy, May 15.—Milo and a quarter—Barnum and Kilming, a dead by restoring to $12,000 the salaries of ministers to Austria and Italy, The bill reduced them to §1,000. The amend- ment was lost—70 to 73, The amendments for missions to Rou- mania, Servia and Greeco and various amendments for increasing or main- taining salaries in certain cases were all rojected. Mr, Carnon offered an amendment to make an appropriation for the contin- gent oxpenses of the consular and diplo- matic service. In explanation of tho amendment Cannon stated that no pro- vision was mado in the bill for postage, tolegrams, freight, the employment of experts, tho gathering of statistics, etc., for which £50,000 was appropristed for the current year, and that the failure to make such provision would strike a blow at the wholo consular systom As thore was no quorum voting on the amendment Cannon 'raised the point of no quorum, The committoe therefore rose, and the speaker announced the following as visi- tora to the annual examination at West Point; Meesrs, Rosecrans, Beach and “londerson (Ills ); and tho following visitors to Annapolis: Messrs, Coo (N, Y.), Evans (8. C.), and Gofl, ‘I'he senate amendments to the bill for the World's Centennial and Cotton exhi- bitions at New Orleans wero concurred in. Adjourned. WASHINGTON, NOT BIL THE PENSION Was #1oN, May 156.—Tho per appropriation bill, as reported to the sen- ate, reduces the amount of the unexpend- ed balanco. of the appropriation for the 1t heat, Athlone 3d; time, 2:11}. Threo-fourths mile—2 year olds; Favor ;vlu)’:,A Joe Cofton 2d; Socks 3d; time, 74, Mile and an Eighth—Manitou won, Bello of Highland 2d; Bonnie Australinu 3d; time, Purrani Juliet wol 8, 1A, May 15,—2:30 class— 1 y 2:20%, CAPTURING OASH. A First. Family South Oaro.ina Mur- derer Dies in His Boots, CuianLeston, 8, C., May 16,—A special to the News and Courier from Cheraw, snys : W. Bogan Cash, the fugitive mur derer of Marshall Richards, was killed this morning whilo resisting arrest by a posso in chargo of Doputy Sheriff King, One of the posse was slightly wounded. Ono of Casl's associates was seriously wounded. Governor Thompson recetved the following this morning from Cheraw, signod by the deputy marshal ; “T wont with a posse last night to ar- rest W. B. Cash; instructed the men not to fire unless absolutely necescary; rur- rounded the house and barn, placing two men between the house and barn and two between the barn and the swamp; finding Cash in the barn I ordered it surrounded; Cash came out and fired; the fire was ro- turned; after Cash fired several shots, he wus killed, being riddled with hullets: none of the posse were struck vxcept W, H. Hilton, whose fingers were shot off by Cash.” —— current fiscal year to bo re-appropriated from $84,000,000 to 66,000,000, strike out the provision fixing compensation to pension agents at 10 per 100 vouchers paid in excess of 4,000, reducing the number of pension agents to 12, and a section providing that the foe of pension attorneys in all pensions, arrears of pen- sion or bounty land claims shall be $10 excepy in cases where a special written contract is filed with the commissioner of pengions, when the fee may amount to not more than $25, THE TREATY WITH MEXICO, The department of state to-day re- coived notification of the ratification by the Mexican senate of the reciprocity treaty boetween the United States and Mexico, IN THE SWAIM CAS Joseph McDonald, chief clerk of the judge-advocate genoral's bureau of the war department, testified that the letter from the Secrotary for War calling 1 1 1a Kreight, Duxiar, Harrison coudy, lowa, May 16 —Thonias Lehan, & by 12 ‘years of #ge, was run over and inssutly killed by the backing of the freigh train in the yards here to-day, was the sigual for somo cheering about the chamber of commerce, and the senti ment was generally voiced that un{tlum like a genoral pauic was impossible at this time, Surprice and regret, however, Swaim's attention to Bateman's charges, was received at the judge adyocate's office at noon of the 17th of April. The draft of what was afterwards made an endorsement on the secretary’s letter was propared by Swaim early in the morning, Baso Ball Yestorday. At Clincinnati—Boston Unions, 2; Cin- cinnati Unions, 2. At Terro Haute—Quincy, 18; Teire THE RED HOT THIRD. Politica and Politicians in Valentine's District-An Army ot On Intrignes and Wire Pull Getting Ready for Conven. tlon Lightning, Correspondence of The Brr Fresoxt, Neb., May 14 --Our last epistle to The Bre, which was certainly very mild and hompathic, considering tho circumatances, created such a furor among the natives that we have bee Fy rather timid since about writing up ¢ news from the Third district. Rum’ of suits for libel made us tremble in boots. But now that the storm— storm--has blown over, and with permission of those high in authorit groat in their own estimation,and wituvat desiting to injure any person, or of calle ing down upon our nocent head the righteous indignation of the Fremont Saturday Evening “‘Fizzle,” we will agoin attompt to chronicle a fow of the important matters pertaining to the poli- tics of the Third district. Wa certainly have more politics to the square inch i this district than in any other district in the state. The gentle~ man from West Point who has had the opportunity to misrepresent this district in congress for tho last five years, has des clared himself not a candidate for re- election. No one believes, however, that he is honest in this matter. It is only re- formed drunkards who make these sud- don and violent resolutions, and an eye will bo kept single that he does not **set up the pins” in the mean time for him- solf, He has served the corporations too faithfully for them to allow him to re- tiro without a very vigorous effort. G. W, E. Dorsey and Manloy Rogers of Fremontare bothcandidated for ‘Val's’ shoes. Mr. Dorsey has a very extensive acquaintance over the district and will undoubtedly make a strong fight. Mr. Rogers is not 8o well known, but if ‘Val.’ is out of tho field in earnest, and pro- viding Theron Nye does not want the nomination himself, Mr. Rogers will get tho support of Nye, Colson & Co. Kinkaid, the gentleman from up the country where the Texas steer flourisheth and the cow boy mourneth over the loss of a pard who has embellished the end of a hemp rope, is keeping a weather eye upon the actions of the different organi zations and ‘‘tio ups,” and longs for an opportunity fo distinguish himseif. W. H. Michacls of Grand Island, for- morly a “‘crank’ of the Valentine organ, is trying hard to raise his head above the dirt and filth of two years ago, in hopes that lightning may strike him, is chances are siim however, for lightning never strikes dung-hills. J. K. Burns of Ainsworth has been mentioned as possible candidate, but_ it is not likely that he would give up his profitablo business for what homors are connected with this office, and last, but not by any means least, is Judge A. M, Post of Columbus. Judge Post, so far as we know, ign ing no « Tort to secure the nomination, but the; » is no doubt he would sccept it should it be tendered him, Ho ia by far the ableet of all candidates now in the field, and as judge of the south judicial diotrict, has given excollont satisfaction, and has proven himselt to o' & man of ability, honesty and integrity. ‘The third district is nov only remarka- blo for the (uantity of its aspirants, but also for the quality of its politicians, Wo have them of all sexes, uges, coloes and conditions, Phere is the cheeky, bold and imprin- cipled politician who cares fore nothing except that which enhances his own in- terests. He has his little speeches pre- pared which he deals out to: suit the taste of the customer, He is o radical anti-monopolist when he hapgens to fall in company with any of those gentle- men, He is a cold-blooded, self contained, egotistical stalwart when in the presence of these loxds of creation, And o olie is quicker to assert his independence when conversing with half brecd Then there is vhe straggler, who tries to serve both God and Mawmmon., He never knows first what his position is up~ on uny question, is not guite certain whether he is afoot or horseback, but always falls cortain that he has duped some one and that he will eome out on top. Aud then we have the “hosses,” the ‘rule or ruin” politiciavs men who have a certain forced. following, gained by very uncer- tain means, who are always scoking after office, yeb have not brains enough to fill any position of honor or tiust. They get nothing themselves, and are determined that 1o one else shall have anything, Thoy aro dogs in the manger, unscrupu- lous, und a disgrace to the republican party, When “‘sor upon” in conventions they ring ir. somo of their henchmen, de- mand their proxies, and use them to de- feat the best interests of their own party. We would not be understocd that we have no Lonest men in our district, for we have lots of th:m, of whom we will write a4 some future time. Poor Ricuakn, Haute, 2. At Ft. Wayne ria, 3. At Columbus nati, 3. At Now York—Metropolitans, 8; Alle- ghany, 0. At Washington—Washington, 4; Ath- letics, 9. At Toledo—Toledo, 7; Louisville, 11, Av Boston—Boston, 11; Detroit, 9, At Providence—Providence, 7; Chi- cago, b. At Now York—Noew York, 7; Cleve: land, 1. At Chicago-—Washington Nationals, 3; Ft. Wayne, 14; Poo- Columbus, 5; Oinein- Chicago, 8 At Louis Baltimore, 0, At East Saginuw, 12, At Altoona. Baginaw, —Milwaukee, Keoystone, 6; Altoona, 7, — Parnellites Split With Gladstone, Loxno, May 15, the government and the regarded as a complete one. St. Louis Unions, 20; 190; The split 'belween arnollites is ..Given Ifalum Or auy Injuriois Substances cai Le found in draws® B ywder, 15 pos- AR 5 iy L Lo SR ton: M. Delafontaine, of Ohicago; and Gustavus Bode, Milwaukee, Never sold in bulk. 5 e 1