Omaha Daily Bee Newspaper, June 30, 1893, Page 1

THE OMAHA DAILY BEE. SEVERAL PLANS SUGGESTED Delogates to the North and South Railroad Oonvention Proparing to Build, ALONZO WARDELL LED THE DISCUSSION wed an Electric Line and Wis Sat el Hull Tells of the Plan and Its Possibi itles—The Day's Work. e vrop Upon Lixcorx, June 20.—[Special toTue Bre. ] — It was 9:30 o'clock when Chairman C called the north and south railway conve vion to order. There were a few new faces on the floor, but the gallery was vacant. United States Senator Allen, one of the delegates, offered the following resolution, which was unanimously adopted: Resolved, That we hereby Invite members of the press to nddress this convention on tho subject of transportation and, varticularly, on the subject of the construction of u north and south rallway. Judge Doster of Kunsas, from the com- mittee on resolutions, offered the following, which were adopted, with only two or three dissenting votes, We, the delegates appolnted by the go ornors of our respective states of North kota, South Dakota, Minnesota, Towa, > braska, Kunsas, Toxis aud Oklwhomn “Perri- tory, nesembled upon the invitation of and in accordunce with i resolution of the legislature of the state of Nebraska ut its recent session 10 consider the fensibility of a north and south railway through our states, to be owned and upn-mm(l»y 1he people of such states, and 1o extend from u point on the line of the Brit- ish possessions on the north 1o the Guif of Mexico on the south, do hereby express our approval of the project of and interstate railwiy, und do commend 1t to the favorable considerition and action of the people of our respective 50 1o de of the following char: The territory thr whic proposed Is an agricultural region, the richest in tertility and the larzest in‘extenton the glob dieveloprient of the resources of which has burely begun. Hitherto and ut this time th rd market for the products of this vast cmpire are the distant ports of the Atlantle ocean, to reach which requires 1,600 i isnortation by rail, the churges for which so ncarly consumo the entire value of the product as to leaye no ade- quate reward efther to the laborer w produced it or the buyer who has shipved it Where the Good Co 80 far as these charges aro fulr to be made, their burden can be nit lossened by the shortening the dista ocenn market. Thisshorter distance is gai Dy reaching the ports of the wean galf, once there the lessened distance by ocean route to the growingz markets of tho South American states and to others through the soon-to-be-completed Ni canal and Panama ship rallwiy, s to those of Europe, plices this favored reglon almost in command of the world's marke North American products are But, ndependently of considera these, a radlwiy route to bo owned by the peoplo und operated for the people is wn in- dust sity, und is demanded, not only by the logic of current cvents, but by the ii- telligent sentiment of the country. Nelther state nor federal control of railwa; haxproved effectual. The railway compar will not be controfled. There IS not one in th Jand but is capitalized in fictitious mortgn bonds, witered stock far beyond the cost of | construction. Upon this filse capitalization rites, both of pussenger travel and froight shipment, are bused, thus requiring the nece &itous patrons of itslines to pay Interest on what was never loancd and dfvidends upon what was never hought Legislative control or control through legls Intively created commissioners hus wholly falled, largely because of the artifices and de vices Of tho courts, by which the people has been défented, the most v which 18 tho series of decisions by the court of the United States o the effuc that the reasonableness of freight schedules and pussenger rates Is a question nof for the leglslatures but for tho courts, wse of these and many other cogent reasons wo demand that our rospretive stites assume thelr prorogative of providing public highways for their people and join with cact other i the constitution of this propo: in- torstate north and south and wo fur- ther demund of the gen iment grant of lanas inald of this people's railway out of such remaining portion of the public domuin as lios contllonis to tho proposed ling such as has always been accorded to privite companios for like purposes for the were ask- ing of the same. Plan of n Dakotan, Alonzo Wardell, representing North Dakota, then presented a lengthy paper de- tailing the history of the origin of the pres- ent movement, eugaging the attention of the convention and suggesting a plan for the construction and operation of a trunk line from the northern line of North Dalkota to the Gulf of Mexico. His proposition is that the road should be an electric road with power furnished by the artesian wells of the Dalkotas and the vivers and tides of the other states and the gulf. That it should bogin at some chgible point on the Gulf of Mexico, runniug thence north through Texus, Indian Territory, Okla- homa, Kausas, Nebraska, North and South Dakota to some point on the British line, with double track to some poinv in Kansas, suy Topeka, then separating with a line runuing through Missouri, Iowa and Minne- sota to Duluth and such laterals us may be needed for the successful and satsfuctory operation of the rond. ‘I'he charter should provide first that the ralroad should remuin forever the vroperty of the people of the states through which it runs, never under any circumstunces reverting to private or corporate ownership, providing that the United States government may at any timoe purchaso at par not to exceed actual neces- sary cost, the entive plant to be run as o government voad. o sccure means for the construction of the road he would issue bonds and offer them to the cities, towns and counties on tho proposed routes as u safe and desirable investment. Thoe state of Toxas, with her vast school fund of 03,453,000 today, would gladly furnish all the money neoded in exchange for i forty-yeuar b per cent bond, The two Dakotas could readily take care of their quota. Nebraska, hau- as, Minnesota and lowa all have lirge school funds that it is believed they would invest in such bonds. ‘e bonds are to bo ultimately liquidated from the carnings of the road. Exprossed Some Individunl Ideas. A lengthy discussion ensued as to the propriety of recoiving the paper for dis- cussion. One moember characterized it as chimerical scheme and said that an endorse- ment of the plan proposed would subject the convention to ridivile aud derision, Another member saw iu it 4 waeaus of defrauding the states of their scliool funds. A third thought it was not absolutely nocessury to huve the railroad at ull. One man wauted the road bulit 80 that the shippers would huve to pay for the road. Senator Allen suggested that the plan ‘which he understood had been considered by the committoe be recommitted for the pur- Poso of roducing it t practical proposition, To an objection that had been made that the constitutions of tho would prohibit them building and operating a railroud, he sald that thero was nothing in the constitu- ton of the state of Nobraska and he doubted In any othor state which provented & state from owning a railvoad. 1t was the right of eminent domain lodged in the soyorcignty Of tho state. ‘Ihere was not even 8 judicial dovision, nor authority in the con- stitution of auy state or the United States 0 prevent a state building und opera works of public improvem He consid- eved the pupor read by Mr. Ward essay and not an argument iu favor of the gonstruction of a line of railroad such as this convention proposed. Ho thought it iy the conslderations such rond 1s id stock-raising bost to rofor it 1o the committoe on resolu- | tlons, with fnstructions that the, aln, business proposition for the consideras i of the conventiou, and on motion it was 80 ordercd. Proposition feom Texas, At the afternoon session A. . Edwards of g‘l’l L'tinm-llh'u ou resolutions reported the OWig 48 substitute for tho plau sub- mitted by A Wandell: L Resolved, That to luitiate co-opsration be- las an | ESTABLISHED JUNE 1 tween the people of the different states and territories that a committee of tnree from ‘! to and territory interested b by this convention and instruc the necessary steps to dlsse information up this fands from inte localit making of preliminary survevs and defray expenses incident to the promotion of the entorprise with diretions to calln con- vention of the states and territorics Inte d not later than January 1, 1894, to finally and fully formulate pians for the or- ganization and exccution of sild enterprise. The basis of representation at such convoca- thon to be two delegates at Inrge for each state and territory to he appointed by the governor thereof. for stonal dis- and two h torri- by the hereof in #on to be called by the cor el state and territory. Any v neles in each delezation to be filled by the committee from that state or territory. 18 nlan of procelure was adopted unani- sly and the following was presented by Willis 8. Hand of Kearney, and ordered printed and referred to the committee, for the construction of the railroad proposed : First—Allthe exponse of the construction and equipmient of said railroad should b raised by taxation in said states and terri- tories, ench state and territory to pay cost of construction and equipment of that part of the rond within its boundaries. Second—State bonds should be issued for the purpose of providing tho ready cash, said honds to run from five to twenty-five years at tho option o the stute, nd to bo pud by taxes leyled to meet them as they fall due. Third—-Sald railrond should be constructed centrally across swid states, Fourth—A joint commission should be ap- pointed by this convention, consisting of th from onch of sald states and territories, who should organize by corporation stherwise, for the purpox of promoting such enterpr by the dissemination of sinformation and cn 1isting the co-operation of sald states as aboy indicated, and if possible to_raise the monvy inadvance of taxation to procure i prelimi= ypurvey of i route for sald railroad to e m; Fifth—Said joint association, when incor- vorated withoit capital stoek under the laws of t id several states, should as agents of suid states he vested Wit the ttle to said ailroud and all proverty and franehises cons therewith, und” should operate the d states under regula- by “the legisl ‘The following plan was submi Charles . Edwards of Velaseo, Te: Let ca e, instead of leasing its viets to ctors or plantation owner: thereby competing with free, honest libor, employ such conviets in the construction of such Interstute ro The ralls and cquip- ment of such road 1o be paid for by monc. orrowed by the state from its school fand thereby securing an excellent fnvestment for such fand. Let the road he built from Velusco up the Brazos valley, through th itral por- tlons of euch state and territory Lo the Canac line. In this wiy cach state owns and_oper- ates the line traversing t ry withi its ‘oundarics, and e without the de change in state constitut could b issued and the peop purposc. and m the y before bonds ed for this Commissioners Chosen, The following gentlemen were named as the committee in accordance with the pro- visions of the precedi Nebras! McNish of Wisner, and Crawford. Kansas—Frank Dawster of Marion, D. E, Ballard of Ballurd Falls, and B. S. Hender- son of Winfield, North Dakota—Lieutenant Governor Wal- lace of Hope, A. Stotten of Wahpeton, and Walter Muir of Hunter. South Dakota—H. 1. Loucks of Huron, Lieutenant Governor Herreid of Leola, and A. N. Van Osdel of Yankton. Texas—R. J. Sledge of Kyle, wards of Velasco, and Harry las. Towa—Henry Wallace of Des Moines, Dan- iel Campbell of Monona and H. D. Crawford of Ottumwa. xUkl:lllonm—lmborl. McReynolds of Guth- rie, At 8:30 o'clock the convention adjourned to afford the members opportunity to take a ride about the city guided by the citizens' committee. Overturned the Resolutions. It was 0:30 p. m. before the members of the convention returned from the drive. Representative hall.was in darkness and the door locked. The delegates gathered in the room of the commissioner of public lands and buildings. During the recess the mem- bers secemed to have undergone change of sentiment respecting the wisdom of the work of the afternoon. They thought the w a way by which the enemy, the friends of the railroad corporations, might enter their dwn camp through the method of election of delegates as proposed in the resolution adopted during the afternoon n. After long rambling discussion, on motion of Seuator Allen, the entire preceding reso lution was recousidered, and on motion of W. T of Kuusas it'was laid on table. Then again, on motion of Senator Allen, the committees appointed by rescinded resolution were continued *‘to have full power to act during the adjournmentof the convention in gathering statistics, dissem nating information, collecting fuuds, oper ing beadquarters and performing all duties contemplated in said resolution, excepting the selection of delegates, and that said com- witteo organize immediately after the ad- Jjournment of the convention.” On motion of Senator Allen a resolution was adopted declaring all seats of del appointed 10 this convention not pres vacant; that the committees of the resj tive stutes named during the afternoon be known as the executive committee, and have the power of filling the vacancies, Adjourned to Meet at Lopeka, On motion of ex-State Senator Stewart of Nebraska it was determined that when this convention adjourned it be to roconvene at “Topeka, Kun, on the first Tuesday in Decembor, 1803, ‘fhe chaivman was authorized to appoint au assistant secrotary, resident at Topeki. “The question arose as to how the funds should be raised for printing the proceedings of the convention. Max Meyer spoke of the generosity of Omaha in’ entertaining con- ventions, printing their procecdings, ) o was sure Lincoln would not take at. A resolution was also adopted, making tho chairman und secrotary of the convention similar officers of the executive commitice. “The exceutive committee will meet to organ iz0 und consider the business with which it i8 vharged at 9 o'clock in the morning. At 11 o'clock the convention adjourned to meet ut tho time and place vrovided in resolutious, Story of an Origluator. Mr. Joel dull of Minden, Neo., one the chief originators of the north and south railroad convention and the one who has taken the mesy active interest in the project, has stated fully his views of the en- terprise und the work that should engage the attention of the convention. Mr. Huil suys: *This convention grows out of agitation started some years ago to secure the open- ing of u deep water harbor on the gulf coust. After three years labor this was commenced ut Gulyeston and we now feet confident that it is an uassured success Then the furmers learned its probable im- portance to the agricultural interests of th transmississippi states and for a year pust have been custing about to - see whut is necessary to secure a great north and south railroad from that port Several men have gone over the route to oxumine the feasibility of such a roud, to bo constructed, owned and operated by u co poration of inuividuals resident upon its line. Some have collected statistics of the annual exportation of products of the states through which the hne was to be built, and others have informed themselves of the cost of such a road. It is on’ this information that we must calculute the value to the agriculturists and the wauufacturing in- terests of these stutes “The farmers vow are agitating this ques. tiou solely for their gain, but it is evident that if beneficial to any one class it will re- | suit in benefit to all clusses. 1 notice in the resolution passed by our late legislature that it is to examine iuto the pracuicability of the several states through which the road shall pass aud its feed ers or laterals extend. Constructing owning und operating the road. 1 know there ure grave doubts @s to the wisdow of the states entering into such an undertak- fooxTiNUED 0 H. G. A, Ed- acy of Dal- of SECOND FAGE, | WILL SUSPEND OPERATIONS Colorado filver Mines and Smelters t> Be Olosed Down, ONE RESULT OF THE PRESENT CRISIS Mine Ownors Throuzhout the State Decldo to Act Promptly and Concortediy— Thousands of Men Wil Do Thrown Out of Employment. Dexven, June 20.—A large number of rep- resentative smelting and mining men of the state met at the Brown Palace hotel this afternoon and unanimously deaided to com- vletely close down all the smelters, mills and silver mines in Colorado. J. J. Hugerman of Colorado Springs, called the meeting to order and_ex-Governor J. B. Grant of the Omaha and Grant smelter was clected chairman, On motion of Hon. D. H. Moffatt, presi- dent of the First National bank of this city, and who is also largely interested in mines, the followinz committee on resolutions was appointed by the chair: J. J. Hagerman, chairman; D, H. Moffatt, D. R. C. Brown, M, W. Thatcher and A. M. Hyman. ; “The resolutions prepared by this commit- tee and adopted by the meeting declare that the world cannot transact its business with- out the use of silver money; that the actual cost und value of the metal far exceeds the incorrect views which the monometallists have formed; that the inevitable course of cevents will quickly demonstrate that the enormous sums of money invested in rail- roads, loans and other properties wiil so de- precidte in value that the monometailists will also be convinced that some action must be taken on silver to_restore it to its legiti- mate use, which it has held from time im- memorial. It was th efore resolved to com- pletely close down all silver miues, mills and smelters in Colorado until such time as silver is appreciated at its proper worth. This action will throw many thousands of persons out of employment. SILVER AND POPULISTS. Seoretary Herbert Talks of Both Theso Dis- turblug Elements in Politics. WASHINGTON, dnne 20,—Secretary of the Navy Herbert, who is thoroughly familiar with the populist movement in the south, saia today that he thought that the popu- lists were not now making any progress in the country and that the teachings of those engaged i the agitation would not have any influence in shaping the policy of the demo- cratic part “In Alabama,” he said, “there is still con- siderable activity among the populists growing out of local causo and local in its effect, The populists in that section claim that they were ot given a faiv opportunity in the last two democratic conventions; they were not satisi with the rulings, the or- anization of the convention and the hke, and they are now fighting that over again. Indecd, a large number of thos? who oppose the regular organization in Alabama do not claim to be populists, but still claim to be democrats. This quarrel causes consider- able disturbance, but it is entirely local and, in spite of this added interest, the movement appears to be falling off in Alabama and in other parts of the south, Their disintegra- tion is on the wane.” *Do you think the demand of the yropulists and’ those representing that general idea will strongly influence the policy and action of the democratic purty?” was asked. Could Weil Spare Them, “No; on the contrary,” the sec s plied, 1 think that the eloment which has been drawn off from the democratic party by the populist movement has left the part, organization through the south much mor strongly in the control of the conservative element. Those who advanced the unten- able doctrines of the populisis on the mone; guestion have formed themselves into a third party which democrats have to recog- nizo as an’ antagonistic party. longer advocate their theores democratic counc and, us a party, they ar ng cnough to dangerous. ~ That party organization which determines the nominations of democrats to congress and takes part in the making of presidential candidates and presidents will be all the more apt to adhere 1o sound democratic principles and stand b asound financial policy. 1n other words the loss of those who have gone into the third party places the acmocratic organiz tion more in hurmony with the policy administration. It is this orgamzation that our men in congress will have to rel, ou at home for their nomination and elec- tion.” What do you think of the present situa- tion as to silver?” On the Silver Situation. I think that the stoppage of the free coinage of silver in India is the greatest blow that has been given to the Bherman law and the free coinage of siiver. coinage of silver in India has been to as an object lesson by the advocate free coinage in this country. For years men in congress have drawn one lesson and another from India looking at it from differ- ent points of view. It has boen urged upon the farmers that India had an advantage over the United States in o higher price for wheat, because the currency in India was all silver, ignoring the fact that while they wight get more for their wheat in their own currency, the price in gold was no greater, and the commodities they the money they got for their wheat 4 to be "paid for on a gold is, and still further, overlooking the loss through high exchange, Another argument offered in support of free coinuge in this country, but the converse of this, hus been for years that the reason of the heavy cost of exchange between India and England was that it was kept up by England for the benefit of merchants that they might sap the very life out of India. Now the coin of silver is voluntarily stopped with the con- sent of India and it tumbles over both these arguments—that che silver currency was o benefit to the farmers of India aud the ex- change was on 4 system for the beuefit of England.” Do you think the silver question presents a serious danger to the democratic purty at this time “1 thiuk we have reached a erisis and that the party in power will be judged by the wisdom it shows in giving the nation o sound currency.’ bought with SILVELR MINES CLOSE, The Molile Gibson, the Lurgest Awmerica, Shuts Dows Aspey, Colo., June 20.—The famous Mollie Gibson wine, the greatest sitver producer in America, closed last night on account of the drop in the price of gilver, All the big properties are now rllm-x?:um the little ones will elose by the end of the week, Boisk, Idaho, 2. —Nearly all the Wood river silver mines have closed, owing to the fall i silver, SrokANE, Wash., June 20.—Reports from the Canur d’Alene country are to the effect that the silver and lead mines are closing on account of the drop in the price of silver A. B, Campbell, chief owner of the Gem mine, fs now here and says that not over half ‘a dozen silver and lead miues in the country will be running ten days hence uuless u radical change occurs. Admissio WASHINGTON, Producer in June June collector of customs at El Paso, Tex., has been in- structed by Assistant Secretary Spaulding to discoutinue at once the practice of adwit- ting sulphides of silver from Mexico without @ consular invoice and, in the future, not to adwmit silver bullion from Mexico exceeding " OMAHA, FRIDAY MORNING, JUNI 30, 1893, £100 in value alleged % be imported as money, unless nccompanied by a consular invoice, or a bond for the production of such invoice, unless the bullion is shown by a shipper's declaration, made bofore a consu- ar officer at the port of éhfpmeat, to bo for- warded as money, of & medivm of exchange, ata fixed value per ounce, and not as mer- chandise. ENGLAND'S POSITIO Pertinent Quostions Asked the Government on the Sliver Questi TLoxvoy, June 26—Further inquiries were made in the House of Commons today re- garding the effects of the action of the In- dian goverament in stopping the free coinage of silver. In response to a question Mr. G. E. Russell, parliamentary sccretary for the Tn- dian oftice, said: “Neither the government of India nor the Herschell committee ex- pectea compromises in India to be materially altered under the new currency arrange- ments. " Rt. Hon, George J. Goschen,who was chan- cellor of the exchequer in the last cabinet of Lord Salisbury,asked whether the Herschell committee and the government had been prepared for the great | that had already occurred in the price of silver. '*‘Would not,’ he inquired. “the fall modify the views ol the government and the committee!" Mr. Russell said he could not answer sfor | the Herschell committee. With regard to the zovernment, he would leave Mr. Goschen to form his own opihion, Mr. Gadstone said that the government had the impression that there was no likeli- hood of any serious fall in the value of any products in India. 1f a fall should occur he would readily state the views of the govern- ment, Opinion of Membors. Several members of Parliament, who speak with authority on money questsons, were interviewed this evening concerning the probable effect of India’s new attitude toward ver. r William Houldsworth, the in the bimetallic league, said that s action in closing her mints to the free coinage of silver would eventually become dimticult that she would be cbliged to i allism. In reply to a question concerning the immediate future of the bul- lion market Sir William said: “India's tion will produce a great tichtness of gold, which will cause a fall of silver, to what ex- moving celed much in India and has written a book concerning the country-and its peonle, said he was inclined to think the divect efféet of the Indian_ goy- ament's action would bo small in India, as s there were fixed mostly by custom, a panic should,come the wmajority of the natives would nevex know that there had been u change, Samuel Montagy, libesal member of Par- linment, head of the firm of Montagu & Co., foreign bunkers, thinks silver will hardly fall below 30 pence. He could not sec how it was possible for the Indian goy- crnment to do otherwise thun it had done. The silver market would recover slowly and touch a considerably higher point than which it now stood. ‘hard Temple, ex-governor of Bom- bay, said that theIndian plan was all wrong lomically. The gold standard ought to been introduced in India twenty-five years ago. However, the present experiment would prove harmiess. Dadabhai Niuroji, tho only Hindoo in the House of Commons, said that the Indian government had acted merely for the inter cats of the Anglo-Indian_salaried officials and had unloaded further birdens upon the taxpayer, EMPHATICALLY DEN wil I Colorado Will Not R A te Her Thons 1ioo1uso, of (LRSS DeNvER - June W meeting of the Chamber of Commereé®: ‘ay notice was taken of the reports teliEraji ud cust yester- day to the effect that t} e people of Colorado would repudiate their ¢ ligations because of the damage done to thestate © the fall in the pricc of silver. The followiug resolu- tions were unanimously adopted Colorado Is the sccond: gold prod union. lier africultural interests minini resources und-her other nat are more varied thun those of any cast-of her bord Vor ‘undéveloped re- sources now offer the m st }rruml-lnz O tunity for the investmer ¢ of capital and the Vourd of directors of the Denver Chamber of co and Bonrd sof Trade desiro to their disappre al of the sentiment phied the country over the name of Mr. E. It Holden on yostordy. Wiiile' the miniug of silver ores | portant industry (o Cole 145 but the clements of her prox erity. Colorado will not suffer more than othur states by financial depression and er people will ot repudiate their obligations, whethor state, personul or e the Holden disy =D, Obliga- cer in the xceed hier 1 riches or stute UTAHL PEOPLE ALARMED, 1 Minlng Interosts Paralyzed by the Fall ot Savr LAke, June 20.- [Special Telegram to Tur Bee,]—Thegreat full in the silver mar- ket has cast a gloom over Utah. The lhrgest silver propertics in the territory are closing down. The Alice, owned by Walker Bros., will close down immediately. Among the other mines to suspend at once are the Anchor, Crescent and the Woodside at Park City, the North and Last Chance at Bing- ham, Silver King groyp et Park City nd the Swan at Silver City, If silver re- ns at the present figure thousands of r.icers will be thrown out of employment, SILVER DKOPS HARD, Reaches the Lowest f1ices Ever Recorded on the London Market, New Youx, June 20.+ A break in bar silver in London of 6 cents daused decided weuk- ilroad stocks fGero this morning. arrying silver ave were especially k. Denver & Rio G.ande preferred broke Later on there was covering by the shorts, Silver improved somewhat and u rally oceurred. Rio Grande rose 13, LoxNDo June 20, Stocks were excited. Rupee paper fell to 695 and bar silver to $lly pence, a decline of 23 pence sin yesterday. Nothing New in (ke Local Sttuation. “Thera is nothing new in the silver situa- tion today,” said Mr, Nush of the Omuha and Grant Smelting company, *‘except that nother drop today, running down to cents an ounce. Silyer has really fallen 7 nts since yesterday mworning.” “Do you think thé bottom has reached?” “It seems quite probable that the price of silver has gone about 4% low as it will for some time at least. St Imay be mistaken in that, but 1 judge from the fact that speculators ure willing today to take itat 60 and run the risk of getting out on the right side within thirty dags that it will not fall much arther. With pegard to our own business at the Omahd and Grant smelter there 1s nothing thut I could add to that which I suid yesterday,” been Belgium Nae Intorested Bitvssers, June 20, —eplying to a question in the Chamber of ! Deputies toduy, M. Beernaert, the president of the conacil, and minister of finunce, stated that the time was ill-chosen to discuss the probable effects of Indiun monetary questions on the suver - terests of the natio forming the Latin union. He added that the international monatary couference would probably be as- sembled in Brussels shortly. e Black il Pournament Leap Ciry, 8. D.iJune 20.—(Special 1o Tue Bee.|—The Blac): Hills Firemen's As- soclution tournament” takes place here on July 4, band 6. Two' thousand seven hun- dred dollurs in prizes will be offered, open nly to boua fide fircnen of the Black Hill Companies from Hoy Springs, Rapid City, Deadwood, Spearfish’ and Central, besides two home companies, ure entered in the races. A free-for-ull foot race, 100 ydvds, will wiud up the event on the last day and sowe of the _most prominent professionals in the couutry have sent in their names o be entered, gy T TOOK LOAN CERTIFICATES New York Banks Set an Example for the Rest of the Country, HOW THE MONEY MARKET WAS RELIEVED Good Results Fotlow Action by the Clear- Ing Honse Loan Committee— 813,000, 000 In Certificates Alrendy Been fssued—The Situation. Has New York, June 20.—The rates for money, which mounted skyward this morning, as much as 75 per cent being quoted in the forenoon, broke in an unexpected manner about midday as the result of the action of the clearing house loan committee, which, as has Dbeen pre- viously pointed out, is the same as the clearing house committee. The chairman of the house, G. G. Williams, president of the Chemical bank, is an ex-oficio member of it, and Frederick D, Tappen, president of the Gallatin National bank, is the chairman of it instead of K, H. Perkins, Jr., president of the Tmporters and Traders National bahl. This morning the committee, or rather a majority of it, in conjunction with George F\. Baker, president of the First National bank, virtually formed a syndicate by agreeing to take outalot of cleariug housé loan cer- tificates for the vurpose of putting a ston to the high rates for money and the panic that virtually existed in the money market. Some of the bunks, the Gallatin - and the Fourth National, for instance, had never taken out loan certifi- cates before and they had no need to do so now, except for the moral effect to be pro- duced thercby. By taking out certificates though, it enables them to lend large sums O moncy without entrenching upon the cash in their vaults, Al of them have more than the required lawful reserve of 25 ver cent of their deposits. Clearing House Certificates Taken As a result of the committee's de tions this morning an issue of 6,000,000 certificates was authorized, and all the members of the loan committee availed themselves of the opportunity, inproportion to their capital, ex- cept ~the Chemical and Importers and Traders National banks. The amounts thus taken were as follows: _Gallatin Nu- tional bank. £500,000; ourth National bank, £1,000,000; Chase National, $1,500,000; Corn Exchanee bank, #00,000; First' National bank, £2,500,000; total, £6.000,000, Immediately ufter the issue of certificates was_authorized, H. P. Frothingham, repre- senting some of the banks, lent £3,000,000 on the Stock exchange at one-eighth of 1 per cent and the interest rate immediately fell to 6 per cent, afterwards iner o 12 per cent and then falling at 2 o'clock to 8 per cent. bera- president of the Gallutmn, amitted that his bank had taken of loan certificates but declined to the name: of the other that also em- briced the opportunity. In accordance with the rule of the committee. however, he said that the committee had today authorized the issue of £0,000,000 of certificates, which maae about £13,000,000 issued altogether. In ex- planation of today’s ucilon, Mr. Tap- pen said: “No money was to be ob- taived this morning at any price, and e e RRENE it whs | time something should be doune. This bank took out #0000 of” certificates, not because we needed them, but to break up the high rate for money. Other banks took out a large amount, but you must get the numes from them. We had 83 ver cent reserve this morning, 80 we did not need the certiticates, but by taking them out we were enabled to lend £500,000 without encroaching upon our cash,” Did Not Need the Certificates. Mr. Sinmons, president of the Fourth National banik, said: “This bank did not need the certificates or money, but it secmed to me necessary that some action should be taken to give relief to the pressing demands of the merchants and to stop this unreason- able money panic. This morning our cash on hand and our call loans exceeded 66 per cent of our acposits E. H. Perkins, president of the Im- porters and Traders National bunk, said that the report was not true that he had refused to take out certificates for his bank. “I do not know,” he added, *‘whether we shall take any out or mot. We have plenty of money to lend without doing so.” Mr, Williams, president of the Chemical bank, declined to say whether his bunk 1d or would not take out ificates, It is believed in banking circles that both the Chemical and TImporters and Traders banks will take out certificates this weelk Some of the largest banks did so yesterday but_simply to accommodute their customers without entrenching upon the cash in their vaults. The stock market enjoyed a boom in prices as aresult of the Clearing House committee’s action, and the relief was general, In Philadelphia Banking Circles, The condition of affairs in Philadelphia banking cireles in connection with their ac eounts with tho banks in this city, to which attention was called in these dis- patches a_couple of days ago,1s becoming more marked, According to advices received from Philadelphia this morning, New York exchange in that city is at a premium of £5 for $1,000 or half 4 cent on the dollal Sev- eral large banks io this city have large bal- ances owing to them by Philadelphia bunlks, and which the latter are unable to remit o1 count of their inability to procure New York exchange of currency. One bunk in this city has §750,000 tied up in that way; an- other has 600,000 and another £500,000, and the question is becoming & serious one, Some of the banks here have charged the sums owing by their Philudelphia customers for collection to the latter's reserve accounts with them, This will make it necessary for the Philadelphia banks to make their usc- counts here good in some way, if they have to draw on the other 8. But the banks have not done anything in the matter but to extreme caution in cash- ing Philudelphia exchange from their cus- tomers, Unless the Philadelphia banks remit this week, it is probable, according to some New York bunkers, that a discount will be charged on all Philudelphia ex- change received from dealers here, One case is known where & lurge discount was charged for an account of $100,000 but this was a special transaction, PHILADELPHIA BANKS, What One of that C Floauclers Has to Say on the Situstion. PriLAperLriia, June 20.—Six per cent was the rate for all demand losus today, aad owing to the scarcity of New York exchan drafts on that city commanded a slight pre mium. Currency was also in great demand, and in some cases a small premium wus paid. The presideat of one of the leading banks nere was questioned this afternoon regard- iLg the published statement that Philadel- phia bauks were debtors to New York banks 10 & lurge amount which thoy are unable to remit on sceount of their mability to procure New York exchauge or currency. “There is uothing to say about it,” he re- plied. “Our bank is not in the swim. We do not owe New York 1 ceut, but there is no doubt but that the information is true in the cuse of sowe of the banks. It is Just i ques- tion of how ong the present stringency is oing to coutinue. The trouble is that the B N ot aat 150 currency. We have today large pay rolls o meet, but the currency to do it with: but now long it wi last no- body can tell. If the ve instead of bringing their currency her pin tin boxes, the supply wil lsoon run out. There is no doubt thut some of the banks b offered pretty good money for exchunge, but 1 think il s not policy 10 agitate the ques- three we have tion in the newspapers. It is only éaleulated to make matters worse. 1 beliove, though, that things will be better after the Fourth, when the dividend and interest payments will puta lot of new money into circulation. People will scare very foolishly and the banks have to make the best of it INGALLS GIVES HIS VIEWS, o Thinks the Country Is on the Brink Financlal Peril, Toreka, June 20, —Ex-Senator Ingalls, who spent a few hours in the city yesterday, thinks the country is gathe brink of finan- clal peril and only W csmanship will avert it Asked the cause of the trouble, he said it was incidentally a lack of conflaence among the people and, primarily, scarcity of money and a largely increased devtor cluss The action of India in demonctizing silver was unfortunate just at this time. A res- toration of confidence would turn the tide, aud the free coing of silver dollars, at more nearly the vaiue of gold than the pres- ent standard. would, in a measure, bring the country back to prosperity Mr. Ingalls does not subscribe to the re- publican theory that the financial stress is due to the accession of democrats 10 power. He says President Cleveland and his cabinet are running the finances of the country under laws passed by the republicans, and to shift the responsibility without a single act of legislation by the democratic congress hsurd. Lo his notion, President Cley land is a_repubiican to all intents and pur- poses, save in his tariff ideas, and, so far, he has shown hinfelf to beu pretty good re- publican on that question, ot ro Tn Hote Bostoy, June 2.—The straln on the financial situation has today been severer than ever. Stocks were demoralized at the start and 1t looked for a time as if the much dreaded panic was about to break. The liquidation w. extremely heavy, and under the pres- sure prices tumbled badly. In Atehison and Union Pacific tho lowest prices on recond were scored. he former was down to 1077 and the latter 2315, The banks were calling in loans on all sides and some of the best houses in the street had to pay abnormally high rates to get through. The rates ad- vanced from 10 to 14 per cent. — - ALTGELD NOT LARMED, flo Pardoned the Anarchists and Has No Fear of Criticisn CHIcAGo, June 20.—[Special Telegram to Tue Beg ] —Governor Altgeld spent most of this afternoon in his Chicago oftice, where he was seen by Tie Bee correspondent. “Goveruor, have you any reply to make to your critics relative to your action in par- doning the anarchist: “All T have to say is let them fire away; 1 can stand it. I have done what I thought was right, und if my action was right it will stand in the judgment of tho peopie. If it was wrong let it fall. Tdo not think the people can be convinced by abuses and vituperation such as some of the newspa- pers have indulged in. It is a noticeable fact that my critics employ abus and in no e 1ecason. They not deny or cxplain the f the chief of police during the anarchist troubles, said that his investigation of the case led him to believe that there was not much init. They do not answer the fact shown by the records that the man who threw the bomb gave no evidence m the trial, but said elsewhere that he heard no speeches und had nothing to do with _those convicted. I have nov heard 1t denied thav the jurymen stated plainly that they could not give the accused a fuir and 1mpartial trial. The peoplo can see these things. 1 do not fear abuse.” “How about the charge that the opinion yOu gave out in connection tyith the pardon savored of personal spite against certain per- sons and authorities connected with the trial?” “All that s pure nonsense. Such absurdi- ties I will not dignify with a reply. Let them, one and all, hammer away. 1do not care i eontinental about it.” —————— TEXAS' MILCH COW RACE, Conditions of a Queer Contest from Southwest. GaLy June 290.—Special Telegram to Tue Bee.]—A ‘milch cow race will start from the town of Tyler, in castern Texas, the home of Governor Hogg and the abiding place of numerous other Texas statesmen. Clyde Sceberg offers a purse of £5,000 for the winner and £1,000 for second nerds will be allowed to enter, provided the, are 4 years old or over. Applications w be received until July 15, Each person on entering & cow for therace will be furnished a two-wheeled eig, set of cow harness, one churn, 100 pounds of moat, fifty pounds of bacon, ten pounds of coffee and cooking utensils with which to prepare their food. Drivers will also be allowed to consume all the milk and butter they desire for their own personal wants enroute. The cows are to be driven twelve hours a day, allowing one hour for dinner, and churning 1s to be permitted while t ling or at stops. he cow arriviog at the Worla’s fair first with not less than fifty ~ pounds of butter to her edit, made enroute, will receive first money. The cow having the largest amount of butter to her creditand arriving within one week or less of the winver, will receive second money. Drivers are not allowed to walk, but must ride in the gig provided for them. So far six entries have been made, and the start will be made from the Tyler public square at 7 u. m. July the ESTON, — ROBBLD OF A FORTUNE. Lincoln Thugs Go Through Frank Randolph and Securo n Roll, LiNcoLy, June [Sneeial Telegram to Tie Bee. ] —Erank Randolph was robbed to- night on the bottoms of nearly 6,000. Ran- dolph is a furmerand a few weeks ago owned 240 acres of land mear Uticn in Seward county. Lately ho traded 160 acres of this land for property in Lincoln, recciving i addition #00 in cash and several thousand dollays in notes and sccurities, Since making the trade Runfolph has been in Lin- coln looking for a favorable opportunity to mvest, He was afraid to trust this money in banks, and has been carrying it and the securitics on his person since Tonight at 11 o'clock he notified the police that he had been robbed at 222 South Ninth street of ull his woney and valuables, Ac- cording to Kandolph's story. he was there to look a8t the property with o view to purchasing it. When Le entered the house uegro woman blew out the lights anl he wis set upon in the dark and robbed. I'wo men giving heir names as Damrow and Perky. who were i the place ot the time, were arvested and searched, but as nothing was found upou them they were reloascd. e SXLLL UsDECIDED, Votiog Strength of the Foroes in the Next Ger n Parll Yet settled, (Copyrighted 1893 by James Gordon Bennett,] BexLIN, June 20.—[New York Herald Cable —Special 1o Tue Bee)--A Polish deputy said that cleven Poles would vote againsy the bill and eight for it. 1f the tradition of the party is followed ull will vote against it, ‘The freisinuige orguns confirm the Her- ald's reckoning of 180 votes agalnst and 172 for the military bill. ‘I'ne Nutional Zeitung caleulates 205 for und 102 against. The Ham- burger Nuchrichten says even without the Poles there is a majority against the bill, o e Traveliug Muu Dead, Kaxsas Ciry, Mo, Juue 20.—The Times’ Little Rock, Ark., special says: James Langenhugen of Omaha,well known through- out the eountry to the handiers of priunicrs’ materials, died here last night of typhoid fever. He was to have been married fu»-u in a few days and the shogk of his death to his flance hus been 80 sovere that -it is feared her mind will become affected, The pody was shipped 1o Omuha toulght, - - — — ——ree——— | SINGLE COPY FIVE CE} |DIRECTING A REVOLUTION Arrangements Being Made to Overthrow the Government of Costa Rioa, LEADERS ~ LOCATED IN NICARAGUA Reports In Panama Concerning & Stmilae Movement Agnln Cuba—Fighting nt Rivera aviin Affaies—-Other South Ameriean News, [Copyrighted 1893 by James Gordon Bennett.) PANAMA, Colombia, (via Galveston, Tex.), fcan Cable to the New al to Tne Bee.)—Gens eral Ferdico Gutierrez, a Costa Rican libe erator, has arrived here from San Juan del Sur, having been refused permission to land at Punta Arenas. In an inters view Géneral Gutierrez preaicted an early and successful revolution in Costa Rica against the Rodeiguez Iglesias dictatorship. He will go direct to Nicaras #ua tomorrow and direct the revolutionary movement from that republic. It is probas ble that the revolution will first break out in the province of Guanacaste. If successful there the revolutionists will move toward the capital via Alajuela, Jose Marti has arrived here from New York andis holding conferences with resis deut Cuban patriots. Nows by mail from Guayaquil gives details of the shooting of General Vare by General Seminario, the private secretary of General Pierola, in that city on June 22 Gouneral Varen isa Peruvian, He came to Guayaquil last March while Pierol L and, it was alleged at the time, it was his intention to shoot the ex-dictator. Varea and Semina- rio met in Guayaquil. Varea attacked Seminario and tempted to cane him, Seminario shot Varea in self-defense and waus admitted to bail. Fighting in Rivera, Varraratso, Chili (via Galveston, Tex.), June [By Mexican Cabie to the New York Herald—Special to T 1—T1 Herald's correspondent in Rivera telegraphs that Gener i t Carpinte routing the Third inf; G neral Saraiva is marching toward San Boja. His troops had an unimportant skir- mish yesterday with u small Castilbista force. It that the revolutionists are preparing for a final campaign in which the movements of their troops are to be dis rected by two German army. whose services have been secured revolu- tionary committee in Montevideo. Charges of disloyalty have been made against Wears by the oficers of the Matto 0 squadron. pateh from the Herald corresnondents in Buenos Ayres says that the troubles in the cadinet hive resulted in its reorganiza- tion, In the reorganized cubinet Cane takes the interior portfolio; Quirno Costa, foreign: Garcin, education; Balsa, tempovarily, and’ Avellaneda finance. The accentance ‘of oftice by Quirno Costa is reg: d as an indication that his policy of friendship for Chili will be carried out. Fusions of various political rties have been arranged, but condition of affairs is still unsettled. “Che papers say the new ‘“‘deal” is a sort of revival of the old Judrez-Celinans combination, Fernvinn Affu Lisa, Peru (via Gulvesion, Tex.), Juse 20.—[By Mexican Cable to the Now Yerk Herald—Special to Tuz Bee.]—The governs ment has returned to Mr. Van Barren the petition he presented asking for a withe drawal of the fine imposed upon the Peruvian foreign corporation. It ~was presented in the abscnce of Mr. Dawkins, the vepres sentative of the company, and wasroturnod because the government desires to deal with Mr. Dawkins personally. A celebrated case in Peru has just been decided. 1t was the charge made againss Bacigalupi Dockendorfl Taylor of poisoning Mrs, Lews. Aftera trial which lasted three days the accused was acquitted. A student nimed Albujar, who was imprisoned by the [i4 nment for writing articles for Junda, the civil democratic organ, formerly edited by Dr. Barrigas, has been acquitted by the coyrts. After July 1 Dr. Barrigas will puby lish a new paper which will be called” the Censor. JOHN BERRY GETS FIKST MONEY, Protests Against the Pathfinder nnd Polson Prove Unavalling witn the Committee. Cimoaco, June 20, —[Special Telegram to Tk Bee. | —John Berry, who finished first in the cowboy race on his horse Poison, gets first prize for the race. The committes tos day reached its decision, and Berry, in spite of the protests against him on the ground that he was familiar with the route trave orsed, will recefve tho £1,000 first prize, and an additional £500 from Colonel Cody. Major Burke is ulso making arrangements to dise tribute a generous sum among all the cone testants, Iontaino and Tattro, oficers of the Hus mane society, who followed the cowboy racers from Chadron, Neb., to Chicago, have made their report, They declare thut the race was run in 4 mauner entirely satiss factory to the humani n purposes of the society. The report concludes: A strict supervision has been carried on over the condition of the an als froim start to finish, and the wonderful tusk sccomplished by thee'ts, 1€ anything o tiibuts to tho benes fivlul rebults of such ietontion by thiy wssoclas ton s well us a testimonial fo the dlscretion of the riders wnd the previous suggestions of Messrs, Cody und Salisbury 10 the contestintds s L ANOTHER TRAIN RUBBER GUNE WRONG, His Dismul Atte pt Islund Tra AnkaNsas Crry, Kan., June 20, —About 11 o'clock wday a rough looking character boarded the northbound passenger train ap Oklzhoma City, eorr, ing u package wrapped in paper. Just before arriving at Blackbeay creek, He went into tho toilet room and in & few wmoments emerged with a murderous Winchester in his hand. He met Conductow Al Glazier in the aisle and commandea him —“Hunds up.” Of course the command was promptly obeyed, His further ploasure wis asked by the suave conductop and he received in reply an order to stop thay train, Glazier again ‘did as commandeds Th nductor was then ordered ta go to the cugine, which he started to do, the train robbor'at his heels with the gun ut his back, When they got on the ground the bandif made a fatal mistake by casting his oyes to one side Instead of keeping them on the conductor. ‘This was Glazier's gollen ops portunity. With one blow he félled the robber to the ground and then took the gun and beat him into submission. Ho was them' put on the train and taken to Wichita, He had on his person two sticks of dvnamit and several torpedos. His naine and resy dence could not be learned, s el Will Curry Peary to the Nortin New Youk, June 20.—The whaling v Falcon, which has been engaged to take the second Peary expedition to Greenlund, ap rived here today. After receiving on bodrd additional supplics, she will sailou Friday uight. The party, which will start from this includcs fifteen persons; thirtecn of o belong to 4he expedition, two others digs emburking at St Johns. Hesid Lide tenaut Peary, there will be Mrs. Peary ai her maid; 8. J. Eotreken of Westehester, Pa.; KA Struve of Norway, Dr. Edw, Vincent of Springfield, 111.; J. W. Davidson of Austiv, Minn,; E. B, Baldwin of Nashe ville, George H. Carr of Chicago, l(uih;'J o 1d Up o Rooky Soo of Merigen, Conn.; George H. Clark Brookline, Mass.; . W, Stokes of Philad phia and Peary's negro servant,