Omaha Daily Bee Newspaper, July 6, 1893, Page 1

< “7in the west. === ESTABLISHED JUNE 19, 187, RAINEY IS NOW RECEIVER | American Bavings Bank Goes Into Volun- tary Liquidation. ALL THE RESULT OF A TEXAS ''STEER" Bank Examinor Speaks of the Solidity of Becurities—Division of Sentiment Among Stockholders About Taking the Step. The American Savings bank, doing busi- fiess at the corner of Seventeenth and Farnam, has gone into voluntary liquida- tion, and has asked the State Banking Board 10 wind up its affairs, State Bank Examiner C. F. McCrew was called in after the close of business yester- dny afternoon, and the situation was laid before nim, after which the request of the oficers and directors was made, and the ex- aminer left for Lincoln to lay the matter before the board, saying that he would re. turn in the morning with the decision of the state officials who are members of that board. This action on the partof the dircctors of the savings bank is due to the failure of the American Loan and Trust company, which was yesterday after- noon placed in the hands of a receiver at the instance of the directors of that concern, the investment company being the principal stockholder in the -savings bank. The failure of the investment com- pany is attributed to the failure of the Omaha and South Texas Land company, whose great object of developing the suburb of Houston Heights, near Houston, Tex., was the pet scheme of O. M. Carter, the presi- dent of all the concerns above named. + 1t was a system of financial ramifications, constantly increasing in complication, and the tailure includes the whole list. The American Loan and Trust company was the first of the concerns that was organized, its life dating back about five years. It hada paid-up capital of $00,000, and the officers were: O. M. Carter, president; C. S. Mont- gomery, auditor; J. Fred Rogers, vice presi- dent; George D. Lawson, treasurer; Phillip Potter, secretary; A. C. Powell, cashier. The majority of the stock represents east- ern capital, principally Boston capitulists, and the company was instrumental in_plac: ing a large amount of eustern capital The savings bank was an “off 8hoot” and was establishea after the manner of several other banks that were estab- lished by this investment company at various points in the state during the p 3 In this number are the Firs tional of Ravenna, First National of Alli- ance, First National of Grant, North Platte National and the Bank of Grafton, the latter a state bank. It should be dis- tinotly understood, however, that none of these five banks are now in any way associated with the parent institu- tion, as they passed into other hands some time ago, and are now as distinct and en- tirely apart as though they had never been connected with it, so that the failure will no more affect them, or any of them, than it will affect any other banking institution, either in this or any other state. The American Savings is the only one of the banking ‘offshoots” that still was ‘{dentified with the investment company. It had a capital stock of £00,000, of which §100,000 was paid up. Its officers were: O. M. Carter, president; C. S. Montgomery, vice president; A. C. Powell, cashier. It Was o Texas “Steer.’ The story of the deceuse of the Texas concern is told elsewhere in this issue, and nceds no repetition here. Could that have been averted, all might have been well, but there is a suspicion that inasmuch us that was practically the same concern, it was al- lowed by the stockholders to go to the wall, in order the more surely and effectually to wind up the whole business, and thus get rid of a load that was becoming burdensome for all, and that threatened to bo even more onerous before ultimute suc- cess could be assured. Certuin it is that there was a difference of opinion between Mr. Carter and the other st as to the situation, und they were yesterday in favor of the appointment of receiver for the investwent —compuny. The president and some of the other directors who thougnt that there might stll be « way outof it demurred, trusting that money necessary to tide over the trying time might yev be’ sccured. The others were obdurate and threatened to apply to the court. The directors ay a meeting decided not to consent to this course, and the dissatisfied stockholders, true to their word, ‘went before Judge Dundy in the federal court and mude their application. A sub- pana_was served upon Mr. Carter at 2 o'clock yesterday afternoon, and shortly thereafter unother meeting of the directors was held, at which it was agreod to consent to the app'ication, and within & short time of that action Charles W. Rainey of this city was appointed receiver of tho American Loan and Trust company. ‘Chen it was that the directors sent for the state bunk examiner, who is stopping in the clity as the temporary receiver of the Me- Cague Savings bank, and told him what the situation was and asked his advice as to the course 1 pursue with reference to the suy- ings bank, They made the showing that sinco the failure of the McCague bank on the Lith of June the American Savings hud been coustantly reducing its deposits and s the pust three weeks had effectod o reduction of tnat kind of liabilities to the amount of £00,000. 1t was further shown that this money had been raised ou the poorer cluss of the bank's securities, and thut the remaining securities, amounting to $233,000, were of tho best that it had beld, while the total liabilities, except the capital stock due stockholders, were those due depositors, and amounted to but $163,000, Solidity of Securitiel The examiner said that i view of the fact that thoe securities were good, the full legal resorve on hand uud everything appeared ight, ho could not properly take posse of the bank, He suggested that inus- much as the heaviest stockholder, the investment company, was insolvent, the bank would probably be unable to obtain further deposits, and it would be quite prover, if the directors so desired, to go into Yoluntavy liquidation. A meetiug of the directors wus immediately held and this course wis agreed upon and tho banking Dosrd was asked to take the proper steps to this end. The examiner could not speak for tho bourd without & cousultation with the members and, as above stated, lefs at once or the Capital ety on that mission. An oficer of the twin coucern: asked lust oveng by o reprosenta Tup Beg for o statement of the situation, said: 1 am sorry to say that it is a falure, pure aud siwple, aud ueither of the institu- tious will resume. Not & dopositor will lose a cent, but the stockholders will lose a great many of them. So far as the saviugs bank Is concerned, there is §254,000 iu the best securitics of the bank to mect the lia- illllitl of $168,000 in deposits, which nowgh to also pay back the stockholders, were it not for the expenses of winding up the business, which wili take about two yours, and the cost of which [ am uuable to estimato, being inexverienced in business of that kind, “You see, there is a leeway for §100,000 shrivkage before the 4‘0}-0!“0! could lose auythiog, sud still back of that s the liabil- ity of the stockholders for unother §00,000, a8 every cent of the capital stock is sub- cvibed, even though but 25 per cent of it is paid . After the stock is subscribed. the Blockholders wre liably, whether paid i or ot all be hel s ure lnsolve A Carter has done sowe warvelous work in the past three weeks Ju lhe way of raising i tigation OMAHA, THURSDAY MORNING, JULY 6, 1893, money to reduce the deposits of the savings bank. He went to Boston, and as close ns the market has been, he raised 40,000 there. He has personally signed notes to got money to protect the interests intrusted to his care and he will be teft without a dollar. He has done everything that an honorable man could do, and not even the stockholders who have lost the most have a word of censure to breathe against him.” It may be stated that Mr. Carter gave a mortgage on his residence yesterdav for £50,000 to protect one of the eastern cred- itors from whom money was secured. Ho shouldered a tremendous” load. and strove mainfully toavert the crisis, but the obsta- cles were insurmountable, and he was forced to succumb. Inabliity to Meet Obligations. The greater number of the stockholders are of the opinion that the Texas venture was the solo causa of the collapse. but Mr. Carter is unwilling to agree with that idea. He says that it was the inability of the in- vestment company to meet its obligations and carry itsrediscounts, The othersasseut 1o that, ‘but insist thav it would have been able to do so but for the burden imposed by thesouthernscheme. Itis not contended that the latter was not a great thing, as the stock- holders maintain that it is bound to prove a winner, and will yield some immense for- tunes to somebody. They only regret that they were not able to hang on until they could be the beneficiaries and not some one else, who will profit by what has already been done. It is stated that could Mr. Car- ter have managed to swing the mammoth undertaking, it would have made bim a millionaire several times over. « 1t is quite certain that at least some of the stockholders did not realize the immensity of the scheme when they went into it, re- garding it more as the simple platting of an addition than a development undertuking of such magnitude, or it is quite possible they might not have been willing to go into it, but having shouldered it they became en- tirely wrappediup inits glorious possibiiities. Aside from the officers of the bank, the loss will full principally on eastern parti The bunk is still in the hands of the d! rectors, as the examiner declined to in_ any way interfere with their possession, and the exict steps to be next taken will not be known until this morning, The grand lodge of Woodmen of the World is o creditor_of the bank, as the grand treasurer, C. E. Allen, is employed there, and made his official deposit there. The lodge will fare the same as the other deposito Cashler Powell's Position, The action of the stockholders of the in- vestment company was taken to prevent the preferment of creditors, and the action of, the officials of the bauk has such us to provent the preferment of depositors. Cashier Powell has been simply an employe of the concern, and had woney there on deposit, belouging to both himself and members of his family. He knew of tho situation, und that deposits were belng systematically reduced, but de- clined to withd v that mouey, stating that he was willing to tal:e his chances with the other depositors, and would not use his position as an ofticial of the bank to take preferment over others who were not thus officially situated. The situation is not one to cause any ad- ditional worry on the part of denositors, as the bank has_been for three weeks past realizing on its poorer sccurities o pay depositors, and hus actually succeéded in reducing its liabilities ncarly £100,000, without materially _cutting intowhat would be regarded as its really available agsets, and as a matter of fact _the remuining depositors are confronted with better stato of aflairs than they were threo weeks ago, It is stated that the failure will inno way interfero with any of tho other banks of the cit DISCUSSED SILVER. Denver Citizens Hold a Meeting nna Talk 2 Over the Situation. DENVER, July 5.—At a meetinz of citizens held at the Chamber of Commerce to discuss the silver situation, Hon. Charles S, Thomas, Colorado meniber of the democratic national committee, and ex-Congressman James B. Belford were the principal speakers. In the course of his remarks Mr. Thomas said: “So impressed am 1 with the importance of this question nbove all otheis, and its vital bearing ou the future of the republic, that I do not provose to let the tissof any party obligation on carth swerve me from the duty Towe to the people. Let us stand shoulder to shoulder in the fight. We must beat or be beaten, and if wo are beaten we will at least know that those who have de- feated us have involved themselves in a common ruin. Just so sure as a single gold basis is adopzed and the total wmount of #old productions of the country, which is ouly $19,000,000, which will be curtailed 40 per cent by the silver mines closing, just so surely will the bankers of the cast own all the property of this country as we are sit- ting here tonight on the anniversary of the nation's birthday.” Power to Suspend Silver Purchases., WasniNgroN, July 5.—The proposition which has been talked of to adopt a resolu- tion at the extra session giving the president power to suspend, until such a time as he may see fit, the purchasoe of silver bullion is one that does not meet with approval and the silver wen say that they would fight such a proposition with as much vigor us they would the repeal of the Sherman low; for they believe the effect of such a resolution in the hands of Mr. Clevelund, whose views on silver are known, would be tho same as the repeal. Spaiu (s Not Affeoted, Mapriv, July b—In the Cortes the min- ister of finauce said that Spain had no need to adopt special measures to meet the silver crisis. Ho believed the depression would soon be over, Bank Fuilure at Winnipeg. WiNNirEG, July 5.—The Commerzial bank has gone into liquidation. Iaabilities, 81,- 2710,000; assots, 1,081,000, The bills of the bank are good under the Dominion law. Exporily Sliver, sw Youk, July 5.—Three hundred and thirty thousand ounces of silver will go out On ene steamer Lomorrow, Kansns Bunk Goes Under, GaRvex Qiry, Kan., July 5.—The Finley County bauk has failed. No statement, —_— NIHILISTS PLOTTING IN AMERICA, They Threaten to Assassinate a High Rus- slan Ofcial Visiting Here, New Yok, July 5.—Soon after the ar- rival here last Sunday of General S. M. Donhovsky, recent appointed governor general of Siberia, with a large party bound for the World's fair, the clerk at the Claren- don hotel, where the party is staying, re- ceived a letter a letter signed, “'A victim of Siberia.” In it the writer says a certain or- anization in New York is plotting to kill JonLoyvsky. He also says but for his inter- ence the organization would have made an attempt to destroy the Russian men-of-war the harbor. ‘The letter was sent to Super- intendent Byrnes, und, it is said, he has made preparitions to prevent any attempt at assussination. B — Detained at Quaruntine, W YOuK, July 5.—Notwithstanding im- plicit denial by Captain Laub of the steamer Hcela of the Thingvalis line, which srrived this worniug, the passengers of the Sandy Hook steamer insist that they saw wmat- tresses thrown overboara from the steamer while coming up the bay this morning. The matter was brought to the attention of Dr. Jenkins, who caused the vessel to be de- |;)«iuml at quarautine until his return from the ‘I'he steerage was thoroughly and the stoawer released. l‘é will be mage. ) iiiin of the National line steamer " ports that he pussed & large quun- tity of beddiug of Montuuk point this moruing. . disinfected urther inye: beend DOCTORS STILL DISAGREE | London and Manchester Merohants and Banksre Discuss the Situation. SOME ENGLISH SENTIMENT ON SILVER Varlous Plans Suggested to Bring About a Re-Establishment of Confidence—Onty One Thing Agreed On and that is to Wait for Congress. [Copyrighted 1893 by James Gordon Bennett.] Loxpox, July b—[New York Herald Cable—Special to Tue Bee.]—Both in Lon- don and Manchester, which latter city is today the home of the Knglish bimetallist, as 1t was formerly of the Cobden free trade interest in the recent action concerning sil- ver by the Indian council grows apace. In London yesterday I saw business men of widely differing interests who yet were at one in the keen attention they bestowed on the present situation. Interested as théy are, however, there scems to be & general disposition to say as little as possible, and to wait for developments, The London repre- sentative of J. S. Morgan & Co. said: ““1 for one am inclined to think the pres- efit scared attitude of the public is not war- ranted by the actual facts. Nothing really definite can be said until it is seen how the natives of India are going to regard the gov- ernment’s action. If they make up their minds that silver is a depreciated metal and begin to hoard gold the fact that there is a balance of ten or twelve millions in their vor will seriously affect our money markets. 1am inclined to think that the innate conscrvatism of tho Hindoo and the fact that he has been using sitver and looking upon it as the only means of exchange for many centuries, will render the action of the government of much less account than is generally supposed. 1f Tam notvery wrong inmy forecast, in . short time matters will have adjusted themselves and trade flow on as uninterruptedly as i Tl e A Re ATy COBTInxenoIcs) The chief partner of the firm of Sharps & Wilkins of Great Winchester street, the leading silver bullion brokers of London, said: “Itis impossible at the present stage of the game to say anything very definite. Anything regarding the future of silver de- pends on the many ifs with which the sit- uation bristles. At present silyer is ab- normally low. I, for one, would not be sur- prised to sce it even lower. 1am inclined to doubt the storie of the closimz down of 80 many mines, but if the owners have taken this course it is so much the better for the rest of us who have silver in our possession. Of course the United States government must and will take steps to straighten things out. We are awaiting exact knowledge of what these steps will be with not a little anxiety.” William Gibson, president of the Gold- smiths and Silversmiths company, one of the largest of English concerns employing silver in arts, said: “I own to feeling for o long tinie a trust that the policy the silver mine owners should pursue should be in the direction of & radical cheapening of the metal. Many owners, Iam convinced, will find it would pay were they to produce silver and place it on the market at a price much lower than ever touched before in the history of the world, providing they can ob- tain o large enough market. That market we, with other large users of “silver, would guarantee, were the price per ounce such as woutd aliow us to use silver in the arts where we are now forced to employ base metal. Of course the bimetallists will say 1 am talking rank heresy, but Iam con- vinced there is but the one way at last out of the dificulty. Otnherwise it will increase nstead of diminishing.” Feellng In Manchester. For some time past the first inquiry of Manchester shippers and mantifacturers on arriving on ‘change has been, not “What is cotton today?” but “What is silyer?” There- fore I took occasion today to procure the views of the principal Manchester merchauts engaged in the eastern trade. W. E. Dorrington, one of the principals of the large eastern house of Frazers Sons com- pany, one of the most active spirits of the Manchester bimetallic school, said: “The closing of the Indian mints to silver was an unsound measure which has been forced on the government of India by the inability of the imperial government to grasp the true significance of the currency question. The maintenance of rupee paper at one-fourth appears to rest entirely upon the continu- ance of the balance of trade in favor of India, which the measure itself will do much to destroy. 1 little doubt the leap in the dark, which has been forced on Ind by the atti- tudo of the home government toward cur- rency reform, will afford an object lesson which will cause the British public to join in the demand for an internationsl settiement of this vexed question, namely, by interna- tional vimetallism, but I fear the lesson will be severe, and those who learn it will have reason to regret the troubles which their apathy, and, in some cases, selfishness has brought upon themselves," W. H. McNeill, secretary of the Bimetallic league, declined at the present stage to say anything otfeinlly. He admitted, however, that the feeling of the league toward the wisdom of the Sherman act is that it is a valusble step toward tha utilization of sil- ver as money. The drawback is that the measure represents individual action only, while the object of the league is to establish iuternational bimetallism, As it Affocts Blmotallism, Richard Musden, one of the oldest mem- bers of the cotton trade said: “The British government in this case thinks a deati blow has been struck the Sherman law. Even though the silver mines may shut down and the owners start on the political warpath, the new position created must at an early date command the attention of the nations forming the Latin union,” Mr. Henshall of the James Greaves com- pany, who own large mills in Bombay, said: “The change will be bad for the Indian mills for some time. Within a week a differ- ence of 20 per cent to the bad has taken place. Although not a bimetallist, I regard the change as a step toward bimetallism.” To show, however, that even the mercan- tile doctors disagree, Donald Graham of the William Graham company, one of the east- ern traders in the kingdom, said: “The change will prove a death blow to bi- metallism.” Sir Frank Adam said that he did not see how the change was going to help American silver mine owners by bringing any bimetal- lism about. *‘I don’t think a dual monetary standard possible, and if it were I refuse to believe that it will remove the exchange evils, which are crusning certain sections of the Lancashire trade.” Offers of Silver. Wasmineron, July b.—lnquiry at the Treasury department today as to whether the amount of silyer offercd the government ~— - § GLE COPY FIVE CENT was a8 large now as forme: fact that for the first six rent calendar year the 59, , developed the nths of the cur- ors ageregated 300,000 ounces, while for'the same period last year there were only #,850,000, show- ing an excess for the corfesponding period of this year of 6,950,000, which would indi- cate that _the produetion of silver was not falling off in the Unitod States. The amount of silver bullion imported for the first six months of the calendar year, includ- ing that in_ores, was 8,471,000 ounccs, while there that been exported 11,008,000, Of tho amount of silver offered to the goverment during this period 27,000,000 ounces wero purchased, IN NEW YORK. Meeting of the Chamber of Commerce—At the Subtreasary. Nrw York. July fi,—»hmh interest is being manifested in the special meeting of the Chamber of Commerce called for tomorrow. The plirpose of the meeting is ‘‘to consider the present disturbed = condition of the finances of the country and to pass resolu- tions expressing the views of the chamber regarding the present state of things and ad- vising the course of action which the cham- ber should consider most timely and efficient for remedying existing eviis.” Those members who are most actively urg- ing the chamber to take a strong stand were busy today bringing together men who rep- resent interests in various parts of the nation. “How New York feels and thinks is protty well known,” said a member today. ‘“That will be emphasized I hope. But we wish also to hear all sectionul views, if there are any such. In this way the chamber's decis- ion may have weight outside of the state and as far as its members have influence.” Lack ot Confidence. The chief features in the monetary situa- tion today, according to several of the lead- ing bank presidents, were unr lack of confidence and a scarcity of currency. The latter is apparently becaming a very seri matter, and some’ banks are pretty pushed to secure enough to mect the de- mand upon them. Late .on Monday after- noon orders were received by telegraph for large amounts of curcency from Boston, Bal- timore, Philadelphia and Pittsburg. A dispatch from Philadelphia today re- ported the refusal of a bank in that city to pay a check on it for £150,000 in cash. The holder of the check, it was said, would in- sist on the check being paid in cash today. The bank can pay it all in silver dollars if it cared to do so. i One of the most influential members of the Clearing House said this afternoon: ‘It is all nonsense, this talk about un actual scarcity of currency, but if everybody keeps on talking about it, there will soon be one. The bauks got plerity bf cash, but the trouble is they are attémpting to hoard their gold. They have got a thundred million dollars in gold and currency. The proper thing for them to do would'be to take somo of their gold to the subtreasiiry and get cur- reney for it if they are in need of currency.” Wil Supply Carrency. Several bank cficers cdlled at the sub- treasury this afternoon and asked what they could get in the way of jeurrency if they needed any. They did” 1ot mention an amounts, 50 that the treasiiry officials we this afternoon unable to form any opinion what the probable demand. for currency will be before the close of business. The assistant treasurer, however, mformed the bank ofii- cials that the subtreasury would continue to do as it had done; namely, 1o give the banks all the currency they.needed in small notes 1 exchange for greenbacikty, gold certificates or gold coin, and for motes gf the denomin: tion of $10, and upwards, large treasury notes would be recervad, i The orders for currengy. by- mail this morning were reported a8 1ight, but it was said that in view of Mondsy's. experience, it could not be estimated: how much would be shipped until the hour had passed for the re- ceipt of telegraphic orders. Saturday 1t was hoped much of the cur- rency that had been-drawn by savings banks in this city and elsewhere for the puyment of interest and dividends would begin to float back into the banks of this city. The president of one of the national banks, 1v speaking on the matter, said that a large amount of currency was locked up in the vaults of the trust companies. He knew of one trustcompany that had $3,000,000 of currency locked up in that way. It had the accounts of several savings banks and did not know at what minute they might want their money, and thorefore did not like to lend the money. It accordingly took the £3,000,000 out of the national banks with which it in turn kept its_nccounts, for fear that they might not be ghle or willing to it have the currency whep needed. Doing Everything to Kelleve the Stratn. At the subtreasury today it was said tha there had been no tultz&m\hh' transfer of money to any point tody, but $200,000 in small notes had been exchanged for large up to that hour. The scarcity of cur- in the banks, it was said, was known and everything had een done by the treasury officials that was possible to save the strain. During the last week no less than 86,000,000 fn currency hud been paid out by the subtreasury in this city in_exchange for large notes (greenbacks), gold certifl- cates, gold coin and legal tender certificates. The banks having checks on the subtreasury had presented them directinstead of through the Clearing House and had recefved- the cash for them, Tne subtreasury in this city has at present only £114,000,000 of currency on_ hand, but it can draw for twoor three million more from Washington if occasion requires. 'he Clearing House logn committee issued 300,000 move certificates today, thus making the total amount now issued $22,115,000, With reference to the very great difficulty the Philadelphia banke have had in getting New York exchange, as wuch as § per $l,- 000 was paid last week by some of them, in order that they might remit what they owed to bankers in this city. 1t was reported today that some of the older bank ofticers of Philadelphia believe that something should be done to prevent the recurrence of such a state of affuirs, and for that purpose wili endeayor to ' bring - about a change in the monetary relations with this city. It has -been suggested in Philadelphia that that city should be made a central reserve city for national banks, the same as Chidago. If thut were done it is believed (by some Philadelphians) that from §10,000,000 to,¥15,000,000, which is now kept by Pennsylysnia banks io this city would o ept 1 Philadelphia instead. A leading New York bank' president, how- over, today laughed at the suggestion, and remarked thut the Philadelphia bunks {Tould bo still obliged.tokoep lurgo balances in this city. *The Philadslphia banks,” he suid, “are too slow. They should take out plenty of Clearing- House certificates and that would release suftiefont currency to pay mckumnu)' they owe ?o the New Yor! anks.’” Appropriation Hils Wil Take Precedent, WasHINGTON, July 5.It has been stated that the appropriation bills will be taken up by the extra session before even the finan- cial question At the Treasury department it was learned that & request was made of the various departments to submit their estimates for the next fiscal year, before the call of the extra session. The request was that the estimates should be sent in by the 15th of September ‘and it would take three weeks for the. Treasury department to wce them in such shape that they could considered by the appropriatious com- mittee, Put In Charge of Failed Banks. WasuiNGToN, July 4.--Comptroller Eck- els has order:d Bank Examiner Wilson to take charge of the failed First Nutional bank of Albuquerque. N. M, und Bank Examiver Ferris to jake charge of the failed American Natioual bank of Lead- ville, Colo. He is informed that the failed Fist Nationai bauk of San Diego resumed busiuess todsy and the failed Washington bank of Spokune Wash., will resume busiuess tomorrow. Wasminarox, July 5.—7The net gold in the treasury at the close of business today was $00,099,057, WRICH MADE THE MISTAKE Some Roason to Believe that Tryon and Markha Both Wers Wrong. ONE COMMAND THAT WAS NOT HEARD Arrival of the Campordown at Malta Brings A Few More Details of the Terrible Disaster—Damngo to the Vessel, [Copyrtahted 1893 by Jamss Gordon Bennett.| MaLTA, July 5.—[New York Herald Cable —Special to Tue Bes.]—The Camperdown ana Inflexible arrived from Tripoli at this morning. The Infiexible saluted ' flag, who was just promoted to be vice ud- miral. The Camperdown's band played gaily until it reached its mooriugs. Rear Admiral Markham was not on board, having remained with the flagship Nile. ‘lhe Camperdown enters Somerset dock tomor- row for examination and repairs, In oppearance the Camperdown is much as usual. 1rowed 'round her at her moor- ings, and observed the port side of the bow was more chafed and bruised than the star- board, but both were scraved showing tho effectof the impact. The crew was en- gaged in removing the canvas which cov- ered the holes stove in the bow from the col- lision. The principal damage is below the water and will not be visible until sho is docked. The stem under the ram is. broken and the ram itself is twisted. The hole or holes wero success- fully plugged at Tripoli and the ship pumped clear of water within twenty hours after the coliision, The figure head 1s the only thing missing. There 18 Something Untold. After examining the outside I went aboard and had a chat with the oficers and crew. All were serious and profoundly regretful of the disaster. Their particulars of the acci- dent tally exactly with the story telegraphed the Herald. Tryon's order, however, is more of amystery, unless miscalculation of the distanée is accepted as a sufiicient rea- son, which does not seem possible for a man s0 exact, careful and competent. 1 cannot avoid the impression that some- thing was wrong, which has not hitherto been spoken of. One of the Camperdown’s officers stated that when the ships collided, Admiral Tryon was the only person on the Victovia bridge, exceptinz Commander Hawkins Smith, because the admiral had sent Captain Bourke, Lord Gifford and the others away on various errands. As tho ships were approaching each other, and when the collision was absolutely mevitable, Tryon called out some inquiry to Markham, on the Camperdown’s bridge, which was not clearly understood. On the Camperdown the words sounded like, “Who did you do?” or “Why did younot do?” the rest not being aistinet. The shock of the collision was rot sufficiently violent to upset a person or things on the Camperdown. Nothing was disurranged. Even tho silver prize vase on its pedestal on the ward room table was aot turned. 3 I found the Camperdown dischdrging powder and stores which had been in the flooaed magarzines. They were being sent ashore for examination. It is stated that after the collision Captain Johnstone ordered all hands on deck because the Camperdown was making much water, and it was sup- posed she would o down instead of the Vic- toria. STOPIED BY KA Student Riots in Paris Checked by Weather —Latin Quarter in a State of Siege. [Copyrighted 1893 by James Gordon Bennett.] Pans, July 5.—[New York Herala Cable —Special to Ture Ber. |—Comparative quict is re-established this evening, thanks to the bad weather. The government has bad a powerful auxiliary in the rain in preventing gatherings of unusual magnitude. In spite of the apparent calm, however, the Latin quarter is occupied by military and the whole district is like a besieged city JAcQUEs St. CERE. PLEASED WITH PORTER. tor s Successor Warmly Re- cetved by the Chillun Government, (Copyright-d 1893 by James Gordon Bennett.) VALPARAISO, Chili (via Gulveston, Tex.), July 5.—[By Mexican Cable to the New York Herald—Special to Tne Bee.|—United States Minister Porter was formally pre- sented yesterday to President Montt. He was met at the entrance to the Moneda by 800 officials of the government and warmly cheered. In receiving Minister Porter, President Montt said he regarded tho national holiday of the United States asan auspicious timo for the ronewal of the friendships between Chili and the great republic of the north, He asked the minister to inform Presi- dent Cleveland and the people of the United States of the sincere desire of Chili und her citizens to regard them as friends, The first nation on the American continent to secure freedom from the oppression of European rulers was believed by Chili to be her truest friend. He congratulated himself upon being able to receive, and President Clevetand upon send- ing, so able a man as Mr. Porter as the minister from the United States. Minister Porter's reply to the address of President Montt was well received by the Chilians, He said President Cleveland had instructed him to inform the Chilian people of his desire to draw closer the bonds of friendship. He hoped that former disagree- ments would be forgotuen, Patrick Egan then presented the letter ro- calling him to the United States, President Montt replied briefly, but without showing any friendship for the retiring minister. In clubs and other places where Chilians gather Minister Porter's speech is warmly praised, When the uew iuinister left the Moneda the crowd in the streets gave cheers for Minister Porter and President Cleveland. The people are generally glad that Egan's mission is done, ‘Phe troubles in Argentna have not been settled. The Herald's correspondent in Buenos Ayres telegraphs that Quintano has declinea to form a cab- inet. Meanwhile the members of the old cabinet, believing their resigyations had been accepted did not attend the meeting called by him for last night. Army oficers generally appear to be indifferent to the sit- uation, but the chiefs of the police force have assured President Pena of their sup- port. The Herald's correspondent in Rivera telegraphs that General Telles is fortifying Petolas. Epidemic of Smallpox. Maxagus, Nicaragua (via Galveston, Tex.), July 5 —[By Mexican Cable to the New York Herald—Special to Tug Ber |— The epidemic of smallpox is iocreasing. Al the hospitals are filled with patients, and general alarm is felt. The epidemic h spread to Granada, Leon and Masayu, Riv. alone baving escaped its ravages. Mouey is being raised by popu the people who are tagion, General Augustin lez and Joaquin Zavala will probably Beandidates for the nomination as president By the conservative party. General Sanbos Zelaya will be the candidate of the liberal party, but the con- servatives will eleet their candidate, Peru's Critical Condition, Liva, Peru (via Galveston, Tex.), July 5.—(By Moxican Cable to the New York Herald—Special to Tue Bre ] —Excitoment over the approaching meoting of congress to clect a president is increasing. An outbreak may occur at any time. The government has warned the leaders of all political parties that political mectings will be suppressed if any attempt is made to interfere with the ’ peacetul sitting of congres A brilliant reception was given last nighv by the American [adies of Lima in honor of the Fourth of July. Many Peruvian ladies attended and enjoyed the dance which fol- lowed the reception. The United States minister made a speech in which he compli- mented the Herald and wished it succes: Oliver O. Pike has retired from the of Grace & Co. Panama AMiirs. PANAMA, Colombin (via Galveston, Tex.), [ July 5.—[By Mexican Cable to the New York Herald—Special to Tur Bxe.] ~Thomas Adams, the retiring consul general from the United States, sailed from New York today on the steamer Colombia. M. Macini, the minister from F t Bogota, has been recalled. M. Bourgarilla, secretary of tie delegation, will perform the duties of the minister until a new one has been appointed. The Herald correspondent in La Guayara wires that Mrs. Hanna, wife of tne United States consul, will sail tomorrow on the Red Dline steamer Venezuela for New York. She will be accompanied by a party of friends who wiil visit the Chicago fair. The impression produced in Peru by warlike pre ions going on across the Boliviau border has, despide the repeated peaceful and friendly assurances of the minister resident acredited by the L governwent to Lima, given rise to publ! and semi-official expressions of grave distrust. The Lima and Callao press diplo- matically refrain from comments, but the opinon is that at a_moment when it is least expected, possibly before the internal poli ical agitation now commencing is repressed, something may occur to bring on a clas! taween Peru und its mid-Andean neighbor. old timeally. I do ot mean that Pres dent Bermudez nor the followers of cither G neral Caceres or General Picrola will de- libarately commit any act caleulated to pro- voke a foreign attack upon their common country, but Bolivia, ezged ou by Chili, is known' to be upon the alert and may upon the least excuse assume the aggressive at any moment, fubscription to aid ving from the con- 1n Honduras. Intelligence reaches me from Hondurns that President Levi, whose ill health prompted him to retire temporarily from the direction of the government and call Vice President Aguerro to the excentive chair in January last, 18 anxious to resume office a d serve vuv the remainder of his constitu- uonal term, which does not expire until December 1, 1894, General Levi refuses to recognize the right of Dr. Aguerro to re- transfer the presidency ty Vasquez the aictator, and has published an address to the country denunciating the act illegal and void. General Barahona, it is claime has undertaken to organize and lead a_for against the capitol in Levi's favor, and ex- President Bogran Js said to be i sympathy with the new movement, The Herald's correspondent at Tegucigalpa, however, fails to verify this report and in response to an: inquiry tele- graphs: “Levi’s manifesto creates no apprehension here of further trouble. Bogran commands a small guerrilla_band only. Bogran is stil in Sunta Burbara living quictly upon his cof- fee estate, cngrossed in the soveral enterprises in which together with Major Burke he is heavly interested. His connee- tion in any way with Levi's proposed revolu- tionary movement is quite improbable.’ Owing 1o the growth of the revolutionary movement in Ecuador tue council of state at Quito has conferred extraordinary powers upon President Cordero. The latter, in turn, has declared o state of seiee and pluced the rebellious district under mililary rule. National troops have peem disputched 10 the localities as trouble is feared. THORNHILL'S DISASTE Work of Kescuing the Imprisoned Miners and Recovering the Dead. Loxnox, July 5.—The work of rescuing the living miners and of recovering the bodies of the dead is being pushed as rapidly as possible in Ingram's colliery, Thornhill, Yorkshire, the scene of yesterday's disaster that entombed the day shift of 145 men. Late this evening the rescuers had brought cighty-eight bodies to the surface. Two men were brought up in a unconscious condition, but still broathing. and hopes are enter- tained that they will recover. Six men who had sustained no {ujury whatever, but had been imprisoned behind a huge mass of debris, were dug out this evening. When they appeared at'the mouth of the pit they were greeted in a most touching manner by their relatives and friends. No reason has been given for the explo- sion, but the conjecture is that it was caused by carelessness on the part of ono of the winers in opening his lamp., Eight men and a boy have been rescuca All hope for the others in the pits is aban- doned. Action of the Latin Unlon, Rome, July b.—Negotiations are proceed- ing between the governments of Italy, Frauce, Belgium and Switzerland looking to the protection of the interests of the nations composing the Latin union, having in view the action of the government of India in rvegard to the silver currency of i had on hys India. It is believed that none of the mem- bers of the union will withdraw from 1t, In Berne the mint{ng of one-half, one and two franc pieces has been almost suspended, A few five franc piccos are still being coined. Relehstag Ofcers Flectod. Beruiy, July 5—The Relehstag, large majority, elec conservative, pres clerical, first vice by a el Herr von Levetzow, dent, Baron von Buel, president, and Herr Buerklin, national liberal, secretary and vice president. The army bill 1 be in- troduced in the Relchstag Friday next, Attempted Assussination, S1. PETERSBURG, July 5.— An attempt was made today to assussinate M. Pobiedonoszoff, & member of the council of the empire and the supreme tribunal. An ex-seminarist named Ghiazintof tried to stab the minister with u dugger at his residenco, but was placed uuder arrest. Launched # Bl Steamer, Guascow, July 6.—Donny Bros., ship. builders of Dunbarton, hive launched a steel twin screw, cargo and passenger steamer of 10,000 tone. bult for tho American line. She is intended to ply between Liverpoo! and Phllll‘mu]phlu. $She was christencd the South- warlk. Victoria Will Attend the Wedd 3 Loxoox, July 6.—P'he queen arrived at Buckingham palace from Windsor castle today for the purpose of attending the mar- riage of the duke of York and Princess May, which takes rlnfls at half past 12 tomorrow at the Chapel Koyal, St. Janies palace. sl Cuptured su Absconder. Dexvew, July B.-George W. Stage, absconding city clerk of Painosvillo 0., was captured at the Markham hotel this morn- ing by Deteotives Conner and Burlow. He orgon Lwo cortificates of depos't, one for $5,438 on the Centrsl bank of Cleve- land, aud another for 8443 on tho Rirst National bank of Chicego. He also had 1,185 i money, CRIME OF A GENDA CITIZEN Androw Debany Shoots His Wifo and Jumps Into the Loup. DOMESTIC TROUBLE CAUSED THE AFFAIR Tadieations thit the Would-lle Marderer Mude Tis Eseape by Swimming Down the River—Littie Probability that the Woman Will Recover. GENOA, July 5.—[Special Telogram to Tin Bt | —Last evening Andrew Deoany, living at the south end of the Loup river bridge in this city, attempted to kill his wife, and subscquently drown himself in the Loup viver. Debany is a Polander who has ré- sided in Nebraska about twenty years, com- ing to Nance county from Platte county, north of Columbus. For somo timo there hus been trouble between him and his wife, which culmingted last week, in his wife leaving him and instituting divorce pro- ceedings, Debany concluded to determine the divorce proceedings according to his own ideas of equity. He purchased a 3S-caliber revolver and went to the place where his wife had taken shelter and at once emptied the five loads of the revolver into hor breast. Not satistiod that his fiendish work was accom- plished he then jumped ana stamped upon her head and face, disfiguring her almost be- yond recognition. ' The wife wus in a_dell- cate condition, and her recovery is almost impossible, mped Into the River, Deba then ran and jumped into the Loup river, declaring that “he was going to drown himself. His children followed him and saw him swim down the river for half a mile and then crawl out on the bank, where they went and talked to him. He de- clared he was going to drown himselt and jpstructed them to return to their A mother. He again jumped into the river and has not been seen or heard from since. Officers and citizens have been mak- ing a thorough search for him, but thus far have been unsuccessful. The prevailing opinion is that he has not suicided but has taken this course to make his escape. Speedy justice will be meted out to him in case he is captured. Debany is avout 45 years of age, stout, weighs about 140 pounds, wears his mustache cropped short and has his hair cut square across the back of his neck, He owns considerable real estate in Nance and Platte counties, for a divis which the wife had applied in her divorce proceedings, “our small children and a grown son re- main. Their sympathies were with the mother. He is thought to be hiding in the brush upon some of the islands south of town and 4 posse is being organized to search for him. is still ulive, but there 1s hittle hope of her recovery entertained. Debany's brother was arrested for threat- ening to shoot one of his nephews last even- ing and is lodged in juil here. The genoral opinion prevails that Debany will make for Michigan, from w! tute he came here and where he has relatives, Debany is an ugly customer and was re- cently arrested and put under bonus for threatening to kill his wife. Elm Creck’s Fourth, ELM CreEE, July 5.—[Special Telegram to Tugi Bee.]—The Fourth was celebrated here yesterday. About 8,000 people from the sur- rounding country were present to take part in the gumes and rac John Berger, a young man from Kearney, was shot in the hand by a farmer named Sheldon duving o fight over dice. In the evening a grand display of fireworks was made. R ——— EXPECIING AN OUTBREAK. Rival Factions in tho Choctaw Natlon Ready to Fight, Witsvnroy, I T, July ‘The situation here today has remained much the same as yesterday. While there is no outspoken de- sire on tLe part of anybody to cause troubls, the fact that the Indians are heavily armed is considered as an indication of trouble ahead, The utmost silence prevails and everything is still as death. Old timers re- rd this as the worst ph of the situation and predict that bloodshed will follow soon after the tion occurs, if not before, The Indian military, which has been stationed here ever since the trial of the condemned men was finished in the civil court, is being constantly increased. Yester- day the troops were reinforced and it is under- stood thut others will arrive today and to- morrow. Up to sundown no word had been roceived from Governor Jones indicating that the sheriff would be interfered with. The cons truct for constructing the coftins and inter- ing the remains 6f the four doomed Indians has been let and the work 1s well under way. ‘The wilitia is active and stands ready to carry out the orders of the sheriff. Should t interfere and send xecution, in the opinion . such a’ course would simply be adding new trouble to the situa- tion, for the Indiuns will not recognize any authority of the general government to inter- fore with the Choctaw liws, dispatehed to this point th make double quick time r than Antlor If troops are will have 1o here are no and to get them would require quick work. In case the troops should come in on time the force would be insuficient to quell the aisturb- ance that is looked for. The least mistake in handling the affuir wight result in great loss of life on both sides, Much bad blood hrs been engendered by the investigation made by Inspector F'uison, and if a mistake is made and the torch lighted anew the gov- crnment muy look for serious consequences, Darras, fex., July ~Secrety Smith of the Interior dopartment has wired Indinn Tnspector Faison, says o News Paris, Tex., special, to issue an order to the Choctaw authoritics to prevent the cxecution of the five Choctaws who were to be shot Friday, -—— N MUTINY. 1N P, Boys In the Reform School ut Topeka, K inuse New Officials Trouble, Toreka, July 5.—When Mr. Hitcheock, the new superintendent of the State Reform school, took possession of the institution July 1, ho was immedistely deserted by the subordinate employes. He also found the boys iu almost open imutiny and the situa- tion was 80 grave that he telegraphed for somoe members of the State Board of Char. itics to come and assist bhim in restoring order. M. A. Householder, a membeor of the board. soys the desortion of the subordinates and the conduct of the boys were juspired b, the retiring oficers, who were offended by cause now ofifcers had been appointed, He 4ys that be has positive proof that the boys were informed the day before the new of- cers tok possession that all rules were off and they might do as they pleased. Con- sequently, when Hitcheock assumed the di- vection of affalrs, the boys peid him uo re? spect. - Desperndos in Custody, Dexver, July 5.—United States Marshal A. W. Brown arrived in the city this after- noen, having in custody the two members of the Starr gang rvecently captured at Colo- rado Springs. His prisoners are Honr Starr and K04 Wiison, who are both wantes for crimes committed in a dozen different "They were shack!od together. Mars ook the ¢ the county Jail st the requisition o Goversor Walt o tuko his prisoners wiht they will be recenlly com Dapers urs obtai | Murshal Browi o 1 to Fore Smith, Ard | tvicd for the ¢ 1obb | mitted noar that place.