Omaha Daily Bee Newspaper, January 5, 1894, Page 2

——pur the temporary school funds on hand to the stto superintendont for apportionment, and then the dificnity of tho situation beeame apparent, no way being open by which the interest on the warrants could be pald in regular somi- installments, to meet the requir our common school system, Be nearly all the warrints had been i some time and interest had acerued on them and they wero prescnted for payment in such varied sjims, from o fe its to thou- sands of doffars, that when payment was mado on warrants with acerued interest, it required the nccounts to be kept with two different funds—payment on the principal being made from the school land fund and iterest from the school fund (temporary), 10 which the interest would be returned The difficulty of computing and endorsing the interest and k accounts was almost msurmount 'ore the plan of investment was Tr bandoned. with Better K Treasuror Sweet was suceoeded by Henry A. Koenig of Grand Island. The perplaxing Problems of intriente bookkeeping which 80 appalled his predecessor had no terrors for the Graud Island financior. He commenced t buy general fund warrants with the money onging to the permanent school fund,” and his report of January 1, 1873, showead that up to that date he nad invested £100.500.40 in this manner. The oAl saved to the state amounted to $6.540.04, which was paid out of the sinking fund into the temporary school fund. The policy of buying warrants was continued, and Treas- urer Koenig's report for the fiscal year end- ing November 30, 1874, shows thab for that year he had invested 322010 Mr. Koe- nig's statement as to the effectsof the policy differs very materially from the conclusions of Treasurer Sweet. He said : % “In gccordance with the resolution adopted by the commissioners I, upon the first day of February. commence payment of general fund warrants from th school fuud and at the same time the general fund, together with the amount transferved from the sinking fund, in pay- ment of general fund warrants. ‘Ilic result of this has been that the school fund has been invested in our own securities drawing 10 per cent intercst, the money thereby Kept in our own state, our warrants have been kopt from going begging on the market and all of the old registered warrants have been paid. The interest upon these war- rants, as invested, should be paid semi- annually to the temporary school fund, This ean be paid from the sinking fund, which will be sufiicient to meet the demand Mr. Koenig's report on the above date shows that the temporary school fund had en augmented by $20,031.19 interest re «d on the general fund warrants bought with the permanent school fund t Condition of the Tho following statement, taken from tho bhooks in the ofice of the state treasurer, will show the investment of the permanent ol fund for the past decade. The figures for that period n for the reason thut they better illustrate the manner in which the Board of Edueational Lands and Funds has kept the idlo f thefund in- vested for the benefit of the public school Cash balance on hand Decom- ber 1, 1884 ey Recelpts from December 1, 1884, to December 1, 1802 Total.. Bonds pii period.. B 1859 T Total amount of bonds on hand December 1, 1854 Bonds purehased from December 1, 1554, to November 30, 158 Total Bonds period. nie 45,058.64 009.99 frasced for the sanie 1,520,665.24 nd December 1, .. 8 £1,108,867.35 490,398,390 coniod during tho s 114,570.00 Total bonds hield December 1, 1892 A 22,610,572.35 Sinco Janu: 3, 10 bonas _have boen wsed for tho' permanent school fund. “Ihe receipts for tho year have been compar- atively heavy, but tho money has been allowed to accumulate in the hands of the treasurer. Whethor the Board of Kduca- tional Lands and Funds hus made an honest effortto invest the immouse amount of idle eash belonging to this fund is o matter which will be left to it for an_explanation. The board is at present constituted of the following named eflicials: Governor Crounsa, Commissfonncer of Public Lands_and Build: ings Humphrey, Secretary of State Allen, Attorney General Hastings and Treasurer Bariley. Ono Palpable Difliculty. It is but fair to state, however, in this con- nection, that the amount of securities recog- mized by the board as properand legal in- vestment_for the permanent school fund has been limited during the past year. The total umount of bonds issued of all ¢ was but &§73,80%, OF this issud, §116 issuod by school distriets. and ' the board is debarred by constitutional provision from purchasing this class of bonds. Of tho re- maining amount, & largo proportion included municipal bonds, which are likewise barred by the constitution Ammense Sums Lylng Idle. The following tabulatea statement, taken from tho reports of the s surer, shows the amounts of idle money belonging 10 the permunent school fund uninvested on the 1st day of each month from August 1, 1891, until Decomber 81, 1803 Month—1891, uguaL. ... Septem b hor Novombe Decen 159 January ... Tebruary. Mareh April Al Jurie July Auzist Beptembor Octolior uber nuny Fevranry.. Mareh April Noveniboy Becoming a erious iroble . Within two months the this fund, judging from the receipts of che past, will swell the amount of iilo money belonging to the permanent school fund to n tho investment of so ex- waordinary @ sum of 1dio_money may well ougigo Lhe Serious attention of overy mem. Ler of tho Board of Bducational Lands and Funds. 1t is certain that the money cannot ho invested in bonds at the present timo, or in the near futuve. But ono resourco is open to the board, and that 1s the outstand- ing general fund warrants of the sta Tho | ture of 1501 pussed o quiving the stato treasurer o use any idlo funds belonging to the permunent sehool fund in the purchase of general fund war- ranis, Thelaw will ba found in section #8340 of Cobbey's statutes and itis us follows Whon any state wirrant fssued in pursu- ance of wn appropeiation made by the legisin- ture and se tho levy of i tax for ity Nt shindl bo presented to thy state trea for payment and there shafl not 1 mey In the praper fund 1o pry sald wirrant 3 payments into law W IRIBSE S RIVE JANUARY 5, 1894, L) 5 196 LS = 3 SN NG COUPON. World's Fair Art Portfolio. b souvenir Lo secure this supe send or bring six coupons of this sevies beaving differcnt dates with 10 cents in coin to ART PORTFOLIO DEF'T, Bee Office, Omaha. ———— | | creased | comuer 1 | in its reservo the atate transurer ahnll pay the amount dae on sald warrant from any funds (n the state tronsiry bolonging to the permanent school fund and shall hold said warraut as an invest- of sald fund, ete, Nover Obeyed the Law. This law is a dend letter, as no protense has boen made of following its provisions since its enactment. It became a law whil J. E. Hill was state treasurer. Ho has given his rensons before a legislative committeo for his refusal to obey the law. Summarized, his reasons are as follows Irst, Bocause ho had 1o wuthority to purs hate suld warrants without a direct order ron the Board of Educationsl Lands and Funds, dirceting him to purchase such wars jight be offered for sule by the renf to the Board of Educational unds, 150 state warrants were held and no warrants wero offered for salo by olders thereof to suld bourd: nd, becauso n wirrant b ed for piy 1t when there was no_money in the fuid against which it wis drawn, was the proporty of the holder, and it was optional with him whother o would sell it or 1 he could nothe compelled to ne it from any fund exeept Irawn Third b 1o by the legislatu i vy permitted by law, and thorefors the warrants were not secured by n lovy within the meaniug of seetion 9 of urticle viil of the constitution, providing for the fuvestment of the permanent sehool fand Now a Matt Without here discussing the reasons ad- vanced by Treasurer Hil for the nonen- forcement of the law above quoted, it re maina to be said that the luw has been fgnored by the Board of Educational Lands and 1'unds, or by the treasurer during the past year, when there was no question of the sceurity of the warrants. On Augusu I, 1503, the state warrants were fully securea lovy of taxes. From that date unul some time during the month of December offort was mado to come to an agreement the controversy between the urer and the Board of FEd- ucational Lands and Fuods. Then a meetiog of the board was held .and the matter discussed. It secms that while the logislature was in session Treasurer Bartloy paid legislative warrants to the members to the cxtent of nearly $100,000. These warrants have remained in his vafly for nearly a year. In December, at the meeting of the board, he offered these war- rants for sale to the permanent school fund, This igought about & discussion, in which Governor Crounse and other members of tho board took the grounds that under the law the treasurer needed 1o direction nor co-op- cration of the Board of Educational Lands and Funds in_the purchase of warrants, but that he was require by thelaw to make the purchases himsclf. Upon the ottier hand the ur urer asserted that under the con- stitutional provisions the permanent school fund could only be invested by the Board of Educational Lands and Funds. As no agree- ment was reached the board adjourned, with the understanding that a friendly suit would be brought to test the law. Although nearly a month has clapsed the friendly suit has yet been arranged, but it is’ promised ~itnin a short time. Treasursr Bartley'’s Position. To the represectative of Tur Bee State Treasurer Bartley has expressed himself quite freely in regard to the law. He in- sists that he is ready to invest the schoof fund in warrants under the direction of the Board of Kducational Lands and Funds. He insists further that he would be held liable upon his bonds if he presumed to uso the money for the purchase of warrants upon his own responsibility. ‘I he state treasurer tes that he has made a further proposition to the board, He is willing to assume the responsibility of purchasing warrants with the school fund, provided that the Board of Educational Lands and Funds at its semi-monthly meeet- ings will purchase them from him and thus legalize, in his own eyes at least, the pur- chuse. Governor Crounse has objected to this proposal as being illegal, or at least in- expedient. Thus the writing, but Controversy. matter remains at the present while the controversy is drag- ging itself slowly along, the permanent chool fund is climbing up to-the $1,000.000 mark, and the general warrants to the cx- nt of neurly anothers 1,000,000 ure draw- ing interest ut the rate of 7 per cent per annum. ——— * H.AD A GOOD RECORD. James Allen, Who Suiclded Christmas in the Binck Hills, Well Known, Stovx FaLis, 8. D., Jan. 4.—[Special to Tne Bee. |—James M. Allen, who committed suicide in the Black Hills Chbristmas day, was the first postmaster in this city; he was the first register of deeds of Minnchaha county: was clers of the United States Jdistrict court, Second district at Yankton, house clerk in the tirst two legislatures, charter member of the first Masonic lodge in Dakota, and was in the battle of White Stone Hills under General Sully in 1863, Allen went to the Black Hills in 1577, where he has resiea since. He awrote out a biographical sketch before he ended his life and sent it to Hon, Chauncey Wood of Rapid City. He als0 wrote that the reason for his last act was becauss his life was profitless, ‘I'he South Dakota divorce colony has now a prominent member in the person of Robert Morrison Brown, who is managing director of the Chinese Mining and Eugineering company of Kipiing, China. His case is beiug tried at Brookings, where bis wife, Mrs, Agnes Cordon Brown, who resides in San Francisco, Cal, is hotly con- testing the cas The plaintift ~ alleges descrtion and habitual drunkenness, but the wife has answered, denying the charges, and asks that a divorce bo not granted. The trial of the case is hikely to develop some sensational features. Brown has been living in Sioux Fails for the past six months. Trial of u Nouth Dakota I Hor Searsas, 8. D., Jau, 4, gram to Tue Bre)—B. W. Soper, under arrest on the charge of setting fire to the postofiice building at Fairbur D., had his preliminary hearing at this place today. He was discharged, WASSED A DIVIDEND. One of Cola to's It st Silver Minos No r Profituble, Coronano Srrixas, Colo., Jan. 4. A sen- sation was caused today at the annual meet- ing of the Molhie Gibson Mining company by the announcement of the suspeasion of divi- dends. As a consequence the stock slumped from #145 o share to §1.20 in less than thirty minutes, and continued to deel until the close of the local exehia it was quoted at §1.10. The Mollie Gibson is located at Aspen, and is, without doubt, tho richest, as well as tho most wonderful silver wine in all the west, mn 1590 the this company was kicked aro ets of Denver, with no cents o share. Soon after this a vich vein of mineral was found, and in April, 1801, the company paid a dividend of $50,000 on the capital stoc f $1,000,000. From this timo the stock rapidly advanced in price until at one time it was quoted at $11.50 per shavo, June, 1501, tho dividends were in- d mouth, and upto De dividends hud stock of ud the purchasers st at been patd All development work was stopped on the wiue in Julyawhen she decling in the prico of silvor came. At that time the compuny had fund 000, Tt has since vaid out in dividends ant for labor and new pumps 300,000, In his letter to the stockholaers dent J. J. Haggerman says “The shaft is now down to the tenth level, 710 feet from the surfa The mine contaius us rich ore s over, and i A8 great quaniiiy. bui tho managers thought it advisuble 1o discon tinue all work { Lhe payment of furt dividonds until the future prospects silver had been definitely settled - e Howis Hler Place. Mrs. Mary b proceedings in the ME Irechorn, ap- | welliug 18 her sue Presi- of Mrs. Lo OFEKA, Kau., Jin. 4 bas tiled quo warranto supreme court against pointed by Governor 1. cessor on the state Board of Chavities. Frecborn has bsen ousted temporarily ard Mus. Lease holds ber place on the Board of Chavities till the tinal heaving of the case in February Lease e —— Appoloted to e ard of Pardons, TorERa, Jru. 4.-J. W. Labourne of Osag county has been sppolated a member of the State Board of Pardors, vice Muacbonald, resigued. JANUARY THE OMAHA DAILY BEE:; ‘FRIDAY, MAY RECLAIM [YIE UL LINE Faots Which Indicate that Begregation Sen- timent May Soon Reaot. RAILROAD WHEEL OF FORTUNE TURNING Chance that the Denver & Gulf, in Default of Ita Interest Payments, May Io Agnin Made m Fart of o Overland Systom. The sogregation of the great system of rails known to the western half of the American continent as the Union Pacific is not 8o near likely to ocour as had been pro- dicted a month ago. ctors of vital import have arisen to change the chaotic condition of affairs considerably in the past fortnight, and there is a more general fecling prevalent among the higher offioials of the road that the Union Pacific will be able to gain pos- session ot the Union Pacific, Denver & Gult in the very near future, notwithstanding Judge Hallotv's decision in favor of ex-Gov- ernor John isvans of Colorado snd those con- nected with him in attempting to dismem ber the great system, Foreelosure Talk. Itis a well known fact that Receiver Trumbull of the Union Pacific, Denver & iulf has not asked that the interest on the consolidated bonds due in December and Junuary be paid, and in cousequence the taik of foreclosure becomes of startling sig- nificance at this time, in view of the position the stockholders have taken looking toward a united 1nstead of a segregated system. The Colorado Central Rulway company has an outstanding first mortgage indent ness of #4,785,000, of which owned by the Union Pacitic puny. ‘Uhese bonds, which draw 7 per cent interest, aro u first mortgage on the lines of the Colorado Central that weat into the consolidation by whicn the Union Pacine, Denver & Gulf was formed, embracing the line between Julesburg and La Sulle, a dis- tance of 151 miles, which forms a part of the Short Line to Denver and also includes the narrow gauge lines to Georgetown and Cen- wral City, probably the most valuable of the local lines in Colorado. The Union Pacitic, Denver & Gulf after consolidation 1ssued under its consolidated first mortgage bonds to_the amount of $15,- 714,000 of which the Union Paciiic owns 7,180,000, these bonds drawing 5 per cent in- terest. Taking these figures as true, which appear in the annual reports, it is found that the interest on the combined bonds is, in round numbers, £1.500,000 dividedis follows: On the consoliduted bonds, #500,000; Colo- rado Central bonds, £350,000, which 'repre- sent the fixed charges the Union Pacific, Denver & Gulf is compelled to pay on first mortgage obligations above its overating expenses. Earnings Inadequate, An axamination of the annual reports of the road show that i 1591 the Union Pacific, Denver & Gulf fuiled to earn enough money to meet its interest. account by $i85,080.24, and for 1802 failed to earn jts interest charges by §570,451.00. These amounts were made up to the Gulf company by the Union Pacific compaly under a trafic agreement which attorneys seem to concedo 18 not now binding on the receivers of the Union Pa- fic company, and which in consequence re moves a source of great revenue from the Gulf people. During the years of the continuance of the traflic agreement the Union Pacific, Denver & Gulf on all joint business with the Union Pacific company received a division of rates arrvived at by giving the Gulf company & coustructive mileage of three miles to one, that is to say, the haul from Council Bluffs to Denver is 572 miles, the Union Pacific mileage being 421 and the Gulf 151. A joint rate, say of $100, would be divided by taiing the Union Pacific mileage 421 as againsg three times the Gulf's mileage of 453, the Gulf people 1 this way receiving avout 53 per cent of the rato on an actual distance of 151 miles. With this traftic agreement can- celled, as now seems more than likely, Re- ceiver Trumbull will be confronted with a problem vhat has Qothered the wise heads for generations, how to get blood out of a tur- nip. ‘Phe segregated road has never been a money getter, and if the June intorest is de- faulted, foreclosure 1s inevitable, and should the road ve forced to a sale the Union Pa- cifie will undoubtedly come into its own, for the majority of the bondholders are in sym- pathy with a united system of rails stretch- ing from Omana to the Pacific ocean. About Union Pacific headquarters there 1s a more contented feeling than has been dis- able for several weeks past, and the of- ficials will patiently bide their time, willing to give Mr. Trumbull all the latitude pos- sible to realize his intercst charges above the operating expense: TRUMBULL IS BUSY. Not Alarmed at the Latest Phase of the Unlon Pacific Trouble. PuesLo, Colo., Jan, 4.—[Special Telegram to Tne Bek. |—Receiv Trumbull of the Union Pacific, Denver & Gulf ratroad was tonight shown an Associated press dispatch from Omaha, stating that he not asked that the intercst on the consolidated bonds due in December and January ve paid, and in conseque ace the talk of foreclosure becomes of swartling significance at this time, in view of the position the siockholders have taken looking towurd a united iustead of a segregated system. Mr.'I'rumbull said that though, as ed,ne has not asked that the interest be paid, the conclusion drawn 1s not correct since his in- action in thi: ard is the result merely of the pressure of matters in the operating de- partment which have required immediate attention and thut it was of no significance, W. A. Deuel, general superintendent of the Gulf division, who is here with Mr, I'rumbull on a trip of inspection, announced tonignt that he will remain with the Union Pacitic as general superintenaent with head- quarters at Denver. Says it Flavor DENVER, Jan. 4. iovernorJohn Evans, when shown tonight the Associated press dispateh from Omaha regarding the Guif tem's finances, said: *“Theidea of the Union Pacific attempting to foreclose on the Giulf on account of its own failure to pay the coupons it contracted to puy, most certainly siacks of dishonesty. The contract to pay these bonds is in effect, as sure us it exists, and we will show them 50 when the courts get hold of the matter, We will uot only earn our fixed chatzes, but much more when we regain that immense volume of business which the Union Pacitic admits in open it diverted from our system.” Rallwiy Employes in Session. CH1cAGO, Jun. 4.— A special meoting of the executive officers of the various brother- noods of railway employes was held heve today. Delegations from the conductors order and members of the switchuien, five- men, engincers, telegraphers, and trailmen brotherhoods were in attendance. Labor legislation and the injunction against the Northern Pacific employes were discussed. Will Help Out Colurado, DixvER, Jan. 4.—On Monday & new joint castoound freight tarill goes into effect. Ihere arc about ifty changes in the rates ranging from 16 10 20 per cent. The reduc- tion will permit Colorado products to enter into competition with the east for the trade in the Missouri and Mississippi valleys. ng Loan Extended, New Youk, Jan, 4. —The Readiog $2,500,000 1oan has heen renewed by Speyer & Co: for three months on the terms proposed when it was originally extended in October, which called for the giving of §260,000 addition se curity of collateral trust bonds and the pay- weat of the threc months interest due, Wil Consolidate. SeuixorieLp, 11, Jan. 4.—Articles of con- ! solidation of the stock, property, et., of the Ohio & Mississippi River with the Baltimore & Ohio Railroad company. the consolidtion W be known us the Baltimore & Southwest- ailway, were filed today with the secre- wury of state. Coming to Omwha. s, Jan. 4.—The report that syivania lntends extendiug its sys- Puitan he P tem to Omaha 13 cMdracterized by Second Vico President Groenras absurd, it being the sottled policy of #hoeompany not to build or acquire any’ lines: west of tho Mississippi river. w TERN RAILROAD MAGNATES, Badly Demornlized Rates May e Restored After Diffioalt Work. Cuicaao, Jan, 4.~ [Specinl egram to Tue Bre.]—The(eeat Northern hotel was thronged with big railroad officials today The conforence of transcontinental lines for the diseussion of the demoralized passenger rate situation, which has so long worked havoc in the tinangial statements of the dif- fecent rouds occunying that vast territory, s opened with o full representation, in- cluding the Canaditn Pacific. E. L. Lomax of Omaha, general passenger agent of the Unfon Pacific, was honored witii the chairmapship of the impor:ant meeting, The meeting adjourned this even- ing, after the first §urvey of the situation had been discussud ma friondly manner without any formal step having been taken | toward an sment. Chairman Lomax said afterward that the policy would be to move slowly, and ho pr xd that the con- ference would last a week. He also ex- pressed the opinion that a satisfuctory agreement would be reached before the final adjournment. Losition of the Disturbing Elemont. The Canadian Pacific, which is regarded as the disturbing element in the tranconti} nental ficld, is represented by Generul Pa senger Agent MeNicholl of Montreal. Thus far in the meeting, however, it hus not stated the concession it requires to induce 1v to come into harmonious working relations with the other lines, The Canadian Pacific 18 demanding a_differential, and some of the other lines are trying to persuade it to agreo 1o a uniform rate from St. Paulana Missourt river gateways to San Fraucisco, and to apply its differential via of 1ts water route from Vancouver, but this proposal will hardly be acceptable, T'ue other lines do not feel that the Cana- dian road is entitled to a rail differcutial be- cause it is practically out of the competing territory. The Canadian Pacific has now a £20 differential fn effect from St North Pacific coast points on tirst-class lim- ited tickets, and a § differeutial on second- class tickets. Where Harmony Lies. It would besatisflod with a 816 differ- ential 1f the rate from St. Paul to Portland were no higher than the rate from Missouri v to California points. Just at present the St. Paul-Portland rate by the other lines is higher thap the Mississippi river California rate. Theso rates will uu- doubtedly be havmonized if any agrcemen't is reache The Southern Pacifle from the Western Pa: roads, and in return for these the Western Passenger associgtion roads want con- cessions from the Southern Pacific. It the Canadian Pacific's demand for a differential be entertained the Alton will put in a claim for ono for its new southern through route, by which the time is twenty-four hours longer to Portland than the Canadian F cific’s time. Signal for More War. “The failuro of the conference to reach an agreement on these perplexing questions will in all probability,be the signal for the old war to break gut iwith renewed vigor. The following are the lines represented in the conference: , Gregt Northern, Northern Pacifie, Union. Pacifls, Southern Pacific, Missouri Pacific. Texas Pacific, Canadian Cacific, Burlingtan, Rock Island, Santa Ie, Rio Grande and Rip Grande Western. The mecting adjourned to'10 o'clock tomorrow. Named n New Agent. Cuicaco, Jan. 4-Mt, Pratt, head of the Western Passenger Emigrant Clearing asso- ciation in Now York, wus today practically made gencral agent of the association. The proposition was unanimously approved by all lines represented at today's meeting of the association, but Mr. Pratt's title will not be confirmed until one fine, not at the meeting today ,is ‘givén an opportunity to vote. All ovher business at the meeting was of a routing nature.. - Chairman Midglay of the Western Freight association declared today that freightrates will not go up on January 6, and that the Soo Pacific would, by next Monday at the outside, abandon its 25cent rate from Minne- apolis to the scaboard. A proposition to pool the Minneapolis business is being con- sidered by the Western Freight association lines. « Mayor Hopkins has taken up the fight for the abolishment of grade crossings and de- clares that tracks inside the city must be clevated. Health Commissioner Reynolds fas submitted a roport in which he declares that if all the roads will adopt the same block system as the Erie there wiil be no necessity for elevating the tracks. Accord- ing to Commissioner Reynolds this line car- ried 328,000 passengers into Chicago last year aud did not injure any of them. wants concessions nger association CONDITION OE THE ATCHISON. Statement Made by Receivers Reinhart ana MeCook. Nrw YORK, Jan. 4. —The following official statement is issued by the receivers of the Atchison, Topeka & Santa Fe Railroad com- pany: Despatehes indicate some English newspa- pers have ghven currency recently to sate- ments telographed frou Chicago and purport- ing to huve boen made by Georgo Peck, the generul solicitor of the Atehison tem, and ‘Mr. Wilson, recently appointed one’ of the receivers of tho - property of the compuny. In these allege ex- extracts from luterviews these gentlemon arc reported us saying the Atehison was nown (o be insolyent as early s Inst Augnst und legul pupers were drawn” in anticipation ship. Both these gentlemen de- are the alleged statements attributed them are false and without foundation. Tho financinl ~condition of the compuny wus cloarly and accurately givon in the statement of the directors issued December 23, showing that its west acconnts wero nol al. The on of the system, including the St. Louls and San Franciseo, Atldntic & Pacifie, Color- udo Midland wnd' all “other nuxiliary com- panies, Is as glven in the directors' statement of December 23, which shows total dermund and tiwe loans and notes with eollateral due from December 1803 to.June 1894, 86,300,000, and totil coupon interest und othier fixed obe 1 lons due January 1, $3,900,000, Sl n Goo sys- to Slnco the appointment of receivers the loans have been contiuued and the llateral held intact for the company. This prac leaves the Atehison company, for self and all its wuxiliaries, in uddi- tion to the floating debt ubove stated, owing but #3,900,0¢ ing the aggregato amount of interest due January 1, 1894, Upon the return of Prosident Reinhart from Europe he was confidont of the ability of the Ay Lo pay IS interest on January 1 aund gave expression to this belief without hes- itation. The condition of the negotintions wis such that hie saw no reason to chunge his views until the attornoon of Monday, the 15th duy of December, whon it becamo” known to Lo officers of the mpany that Chalrman Magoun could not, passibly survive more than u fow doys. This tagt. ndded many complicn- tlons to the sivaution. and upon the suwe day, from udvicos receiyed from abrond, Mr. Roin- hart becamo s m’({em he compuny could not raise the money Héggidury o pass the st of Junuary. Deter: d to Ask for Roceivers, A meoting of the divectors was convened, nd it was determingd ro be thelr duty to take stops as might hest cghterve the iutorests of the compuny, 1ts. dtaskholders, bondholders and ereditors'und t prevent the ajsintogr tion of the system, and not to oppose appolntment " Vors If askod for thoso whose interests' it would be to pre and protect the property as i whole. 1t was then Monday, December 15, when the officers of the compiny béEaml satisfied the receiver- ship wus necessurs €0 protect the Interosts of tho road. On iho' afternoon of tho fol- lowing diy, Decomber 19, counsel repre- senting the Atchison and the St Louls & San anclseo and - the unsel of the trust compunies, trustees of mortgnges ng all tho properties of the railrond companles, began the preparation of ¢ - USNATY DADOrs, 1 wore completed on sduy, Deceniber on which day counsel o the west to subuit the papers to Judko aldwell at Little Rook. Prior to Tuesdiy ) suggestions were mide Hor papers driy up, or sieps of any kind taken toward th poiutient of rocelvors. Underordinary circumstancos it wor 10 stite these facts, but t lons which bhave been cul der st desirable that the facts should b wnd known. JoW. Rersuanr, 1.1 MeCook Wil Be Sold Today. Kaxsas Oiry, Jan. 4.—The sale of the IKausas City, Wyandotte & Northwestern ailway is set for tomorrow morning at 11 o'clock. 1t is probable that the road will be purchased by ihe Kansas City & North- western company, which was chartered under the Kansas laws last week, and that | main line througn K , 1894, it will be operatad in the future as a Gould | line, and in connection with the Missouri Pacifie It s said that one of tho important de- volopments to follow (mmodiately after the purchase will bo the building of a twelve milo extonsion of the old Carbondale branch from Carbon Hill to Osage City. By this improvement the Missouri Pacific company's 1 to Denver, which shortoned forty- its trains out over ranoxie, and thenco from ‘Tonga is now 760 miles, wouid b soven miles by running the Northwestern to Ton; over the Carbondale branch noxie to Osage City. TOOK CHAK 1HE ROAD, Atlantic & Pacllic Being Recelvers AvLnrquenque, N. M., Jan."4.—Judgo Noed- ham C. Collier, associate justico of the su prome court, today placed the Atlantic & Pacific in the hands of Joseph W. Reinnart, John J. MeCook and Joseph W. Wilson as re- vivers, on a suit brought by the Mereautile Trust company of Now York, ‘The plantiff was representod by W ers of this city and W ander & Managed by ppeared for o Thie bill alleges that & ond mortgage bonds are now dte, with inter cent, and $165,000 interest due unpaid. The floating indebted- 50,000 of sec- court orders the receivers to file bonds of §25,000 each, and authorizes them to operate the roud ana take possession of all property. This action was not alto- gether unexpected. ppointment as receivers of the inta Fe receivers,” the Democrat will say tomorrow, is generally commended 1t will tend to the'best rosults and preservo the integrity of the system.” Could Not Pay the Interest. ST. Louts, Jan. 4.—It was learned hero to- day that the Louisville, Evansville & St. Louis Consolidated railroad has so far been unable to pay the January interest coupons on 1ts 5 per cent first mortgage bonds. The interest was due Monday. but the road has been uuable to meet it, Over forty ot the bonds in question are owned in St. Louis. It is stated that vhe road has half the amount and may be able to make arrange- ments for aeferred payment Reeely the Olile Valley, INDIANATOLIS, Jan. 4.—John McLeod has just been uppointed recciver for the Ohio | Valley railway by Judge Baker of the United States court on petitions of W. H. Browns Sons and others. These proccedings are auxiliary to the action of the Kentucky fed- eral cireuit cout. Receivers Tuke Charge, INDIANAPOLIS, Jan. 4.—Judge Wood has ap- pointed I O. Hopkins and James H: Wilson receivers for the Lovisville, Evansville & St. Lows Consolidated Railway cowpany. The line is 30 miles long ana” was lately controlled by the D. J. Mackay syndicate. Rallway Notes. ¥. A, Nash, general agent of the Milwau- Ikee, returned from Chicago yesterday. W. B. Doddridge, al manager of Mis- souri Pacific, ve in Omaha this evening. I. J. Clarke, traveling live stock agent of the Northwestern, with headquarters at Denver, is in Omalia. Messrs, George H. Crosby of the Burling- ton and R. R. Ritchie of the Northwestern are luid up with la grivpe. C. A. Goodnow, superintendent, and G. R. Morrison, assistant superintendent of the Milwaukee, were in the city yesterd; General Agent Nash of the Milwaukee, speaking of the new depot scheme, said that it was a most commendable object and should have the support of tho people. “Of course the Milwaulkee will occupy the depot if the other eastern lnes decide to enter the structure. ‘The location is excellent and ought to meet with hearty encouragement.” ————— UNDZR THE WHEELS. Street Car Accldent Causes the Death ot Little James Poubody. An accident occurred at 5 o'clock yester- day afternoon in front of Kirscht & Duerr's wholesale house on Tenth street. James Peabody, sonof Dr.John D. Pea- body, & bright little lad 10 years of age, was crushed to death under the wheels of & northbound cable car. In company with two other boys he had boarded the train and when Conductor Gil- quist approached the front platform of the trailer on which the boys stood, all three jumped off, but young Peabody was caught ana drawn under the car, both wheels of which passed over ; The accident was not no-iced by the con- ductor, but a jir to the car led him to sus- pect that somcthing was wrong. He sig- naled the gripman to stop and, looking back, he saw the body of the boy ' lying on the track. He died before those nearest to the spot could reach him. The remains wera taken to Stephenson’s barn and Coroner Maul notied of the occurrence, On his armval the body was conveyed to the morgue, Where shortly after 6 o'clock Dr. Peabody, sr.. identified it as. that of his grandson. Later on it was taken to the father's resi- dence at 1714 Douglas streot. Coroner Maul stated last night that he was undecided whether to hold an inquest, Dr. Peabody, sc., seemed satisfied that 1t was purely an accident. —_—— MUST HANG TODAY, Burdstown, Ky, Flend Awalting His Fate, Banpstows, Ky., Jan, Down-hearted and with a forsaken look on his face Phil Iivans lies i his cell this mormng waiting until tomorrow at 1 p. m., when he will bo taken from jail by Sheriff Penco and hanged. [ivans' careless manner and indiffcrence are now things of the past. Before he is summoned to the highest tribunal for triai it is thought he wili make a clean breast of the wholo matter and not £0 to his doom, like 50 many other criminals, with a lie upon his lips. Ivansis fully re- pentant and seems to be really sincere in his preparations for death, iner O'Connell, his spiritual adviser, visits him frequently and speaks words of comfort to the con- demned mun. During Father O'Connell’s stay of twelve years iu this city two colored mon have been hanged, and 1t has fallen to Lis lot as a priest to aitend both. Evans has has given up all hope of escay Iug from death. The deatn wateh walks vefore his cell and he is not given any op- portunity Lo even try to escape. Lizzie Evaus, wife of the condemued man, came from her home in Louisville on tho 11 o'clock train_today and visited him. She appeared to be greatly affected. i - MYSTERIOUS MADELIN Phil Evans, tho Jongressman ness. Movements Breokinridge Much Unon Lexixafon, Ky., Jan. 4. —The mysterious movements of Miss Madeline Potlard since leaving Cincinnati are greatly perplexing Calonel Breckinridge and s friends here, A woman answering the description of Miss Poilard arrived over the Louisville Southern last night, but no trace can be found of her toduy. 1t is important to Colonel Brecisin- ridge and his friends to know what Miss Pollard wants in this city, und her move. ments are causing them uo little un - Colorado Steel Workers, PuesLo, Colo., Jan. 4.—The time given the steel workers at Bessemer to sign the new scale expired tonight. The management cluims that a large number had signed, but the men say that very fow have done The probability is that'some of the men have quietly signed Superintendent Robinson says that at all vouls the works will resume betvicen the 2d and the 25th of this month. . Beet Sugar Factory. Advices were received in Omaha yes- terday that Count Lublenski would arrive hero on the 20th inst. with an cngineer and select a proposed site for the beet sugar factory, He reports en- couraging progress 1u oreanizing capital for tho venture and will erect o plant with a capacity exceeding the figures in the agreement. ier Causing i time FOR PURIFYING THE TURF High Aim Which a Proposed Association of Horse Owaers Has in View, v IMPORTANT MEETING HELD IN NEW YORK mes 1 ot the R and d the Plan He « Have g Wo s Beon Associntes New Youx, Jan, 4.—If a sport had entered the Hoffman houso this afternoon he would have imagined himself to be in the betting rine on o Brooklyn handicap day. The sport- ing element was well represented. In one corner were Dick Cro Phil Dywyer and Dr. Knapp in close conversation, while Snapper” “Pittsburg Phil” and veteran Billy Howard held an ammated conversation in_another corner, and a few feet away from them Charles lteed, the well known sportsman and horseman, kept a coterio of horsey individuals in continual laughter by his jokes. “'his sporting ele ment was brought together by the adver- tised futention of the Horse Owners associa- tion, or, rather, the new American Jockey olub, which sprung about two weeks ag into what promises to be a standard organ- ization. Committees from the board of con- trol and from the horse owners have been in consultation for the pust week with the ob- jectin view of making the new American Turf association an exemplary associatior svoral meetings have taken place, and the sporting world and that which pertains thereto, anxiously awaited the outcome of the committee's consultutions, Big Guns in Consultation. Shortly after bo'clock the committee of three, comprising Messrs. James R. Keene, J. 0. Donner und Perry Belmont, took the clevator to the meoting hall on_the second floor of the Hoffman house. They ropre- sented the Horse Owners assoclation in tho interviews had with a reporter. I » awaiting the statement ad to make wore: P.J. Dwyer, Y A. L. Walcott and John Huater. They met behind closed doors, where they were closeted for fully half an hour, during which time the sporting clement which has been described above was anxiousiy awaiting the word that the “game’ was open. When the public meeting was called to order J. R. Keene, chairman, opened the pro- ceedings by reading the report of the sub- committee. ‘Lhe report as read informed those present that the committee appointed ata meeting of horsemen December 18 had decided on a scheme of organization of horse owners. ‘The committee, after having conferred twice with the board of control committee of threo and with race track owners and ofticials, suggest sired result could only be’ accomplished cniarging the board of control. For that object the committee deemed it desivable to form a new jockey club, which should be limited to fifty wember: Jim Kee Lxplalos. As soon as Mr. Keone had read this report ho told those present the object of the pro- posed jockey club was to purify the turf. Among other things he said: “We have come to the opionion thut some scheme of turf reforni was badly neoded, and the for- mation of a jockey club will be the surest method of success. Wo want it distinctly understood that our idea is to give tho sume opportunity of success on the turf to the humblest man as well as to the wealthiest. 1 am willing to ¥S3ign from this committee, as T did, if 1 may call it resignation in my_decliniug 1o accept a similar position, in the board of control some time ago. We do not want people to grumble at the way matters ure trausacted. We will endeavor to have every contest above suspicion and for the crediv of the American turf.” Colonel Brewster, representing the Wash- ington Park associdtion of Chicago, asked if the intended jockey club was meant to cover the United States or only in part or ouly the eastern part of it particularly. In answer Mr. Kecne said: I can assure my friends from the west that racing mat- ters in the east, in fact i New York and New Jersey, will be important enough _for us to consider or even try to govern. What we want to make and what the turf wants 10 have is tone and character, and without these two things the American turf will fail.” Pnil Dwyer's Remarks, P. J. Dwyer was asked by the chairman to say something in reference to an incres in the stakes or purses offered at the local race track and in a brief way answer I am willing to do all in my power to for- ward the interests of every person connected with tho American turf. There is no racing ussociation in this country that will give higher purses than [ will. Iwill do every- thing within my power and all Task is to give us good people, no figureheads, but good workers."” Mr. Dwyer's remarks were loudly ap- plauded and vhen J. A, Galway said: In ref- erence to the remurks of our fricnd, Colonel Brewster, 1 think the sense of this meeting andsthe object it wishes to attain, will bear me out in the statement thut when a porson is ruled of any of tne tracks which this club proposes to have under its control, or any forfeit due by a person to racing ussociations under its control, would be debarred by all other rac- ing associations throughout the United States. No one has done more recently than Colonel Brewster to collect forfeits, and it may be news to some people here when I inform them that withii a recent period he has sent Lo the easicrn usso tions checks aggregating £10,000, which he has coliccted from persons who owed forfeits.” Committee on Organization. Mr. Keene put the following resolution: That this meeting constitute the go who have been 1 us the tne this club, a_c re with fu tinne the negotiations with the oflicials of the different nssocintions and the hoard of con- trol in order to complete the organization of a jockey club as proposed, and have power to call this meeting tozother whenever they need its advico and assistunce. 1t was adopted unanimously. ‘The follow- ing is the committee named in tu psolu- tion: J. H. Hunter, James R. K¢ R. Kassett, August Beluont, mont, Colonel W. . Thompso way, J. B. Haggin, 12 Lovillavd, Dr. Kuapp, Gray ( wold, J. O. Donne Jay and A, C. Monson MEWIND, Duval SPARRIN Club) t Present. he “touts" ub cannot though M gors of tho Around the King JACKSONVILLE, Jun. 4.~ say the Duval Athletic bo beaten. It now looks as \nger Bowdon and the other ofiicials would go to almost any length to defeat Governor Miteh- vo still being sold big wiich completed whether can successfull hero ell's opposition, Tickets 1 for admission to the undoubtedly will be or mnot the ciub curry out their end of the went vight in that spov. According to the new plan, a train will be placed at tho dis- posai of tha club forty-eight hours previous to tho fight and the same length of after the contest has been schoduled to begin. The spectators will be given tho tip and hurrie on the train which will carry them to th battle ground. Manager Bowden was ssked tonight in rogard to the truth of these rumors, He snid: “Not a word of truth in them, Ifauything of the kind was thought of 1 should Kuow 1t." Some of theslorvies which have been go- ing around todayionveyed the idea that the | club intended to monoy on Corbatt. Manager Bowden, in_that connection, said U1 have heara of it but 1t is all false.” Manager Bowden has written 1o Governor Mitchell in regard to the club’s position in the matter. As yet ho has received no answer Charles Mitchell says ho cannot forbear making public his dissatisfaction at the wannor in which he allegos Corbett sigued the articles, Ho claims that Corbett signed Keeno Explaing to the Magnates horse® { This year | | | | | | [ | | | I5TH STREET THEATE SUNDAY, self. As a matter of fact, Corbott last night signed the articles personally - - VESTERD AN 'S DEAD, Vinoonte Gureln Torres, Ciry or Mexioo, Jan, 4.—Two leaders in Moxican affairs * died here ‘yestorday— Vincente Gareia Torros, editor of the Daily Monitor Republicano, one of the most influ- entlnl of President Diaz's frionds, and 1. L, Valiorati, one of the commission drafting the Moxican constitution of 1857 and ox- vice presidont of the ropublic. Baron Crewe, Baron Crowe died 3 o He was born 2, and succeedod to the title in 1885, was one of the fow home rule members of the House of Lords. Lospos Bishop of Bruges Pants, Jan. 4 —-Mgr, Faicet, bishop of Bruges, died today Hzah s Bostox, Jan, 4.—The venerable Elizabeuh H. Peabody of Jamaica Plains is dead. She wiis ono of the ad { oducators of the country and was di concerned in tho introduction of the rton systom in this country, and has b oremost in all tucational reforms, especlally in that of eatablishing new and important methods in the cxisting school system. Sho was born in Billerica, Mass., May 10, 1504 Senora Torrer, SAN Dieao, Cal,, Jan. 4 om Hermosilo of the s, mother of Governor and Yacatan th1 hody. News received ath of ore orres of Sonora Isano Van Duse St. Paur, Jan. 4.—Isaac Van Dusen, a prominent ailroad contractor and builder, hus just died in this city, aged 77 yoars. In 1841 he built the lirst street railway in New York City. . SUSPECTED SAFEBLOWERS, Police Think They Have tho Men Who Did the South Omnha Job, Since the reported attempt to blow the safe in the B. & M. depot at South Omaha, which ocenrred Wednesday night, members of the Omuha police force have been on the lookout for partics answering the descrip- tion of two men who were scen ncar the depot on the night in question. With the arrest of Thomas Bentley, Carroll; W. J. Armand, Thomas O'Dowd, k C. Brandon and John Kelley, who were taken in custody by Detcetives Savage, Dempsey and Dunu last night, it 1s bolicve the r are under lock and key. All ar suspicious characters, and when shed one of the gang.had a’ six- ich tin tabe about a quarter of an inch in dinmet his possession, such as is used by safc for filling drilled holes wich powder. When questioned us to their resi- dence they said their lodging place was at 04 South Thirteenth strect. “The proprictor of the establishment being sent for, explained that the six men came there three or four mghts ago. Wednesday night they registered as usual, but none of them occupied their lodgings until 6 o'clock the next morning. In expianation of their absence on this night they said they had done night work at the smelting works. James At Unity Chureh Tonight. Mr. A. J. Grover, assistant city engineer, will lecture this evening at the Unitarlan church, Seventoenth and Cass streets, Sub- “Sanitary IProgress.” e S PEVSONALPARAGRAPIS, I K. Valentine of West Point is in the city. Colonel E. S. Brooks of Denver is u Paxton patron, Harry Harmou, the leading jeweler os Afton, Ta., was in the city yesterday Michael M. Dolphin of Kansas Citv,a member of the Ovder of Railway Telog- raphers, is av the Mitlard. B. P. Humphrey, traveling passenger agent of the Lake Stiore & Michigan South- ern railway, 1s a guest at the Millard. Jule Walters of “Sidetracked,” ana Charles H. Yale and wife of “The Dovil's Auction,” ure among the theatrical people registercd at the Millard. Mr. Thomas W. Ryley, manager “Gloriapa” company, is i tho city. SGloriana” will bo” presented at Boyd's Saturday night of next week by the original company. Mr. Borrie ott, in advance of Mr. Stuart Robson, is in tho city arranging for the presentation of “A Comedy of Errors™ at Boyd's Thursaay and Friday nights of next week. At tho Mercer: James W. Lusk, Denver C.W. Scott, Chicago; L. K. Ogden, Minue apolis: R. L. Harmount, Ioomis, Wash. Hon. Samuel Chapman, John A.' Davies, Plattsmouth; C. H. Swallow and wife, Leigh, Neb.; Cornelius Kirk, Philadelphia} It McDonald, W. L. Welsh. city: R. H Townley, U. 8. N.; J. D. Dalery, Beatrice; J. L. Baker, Hot Springs: J. W. Russell, Daveuport; Ira B. Close, Chicago; R. M. dé Lavallade, Denvel of the AS A SUPPORT for exhausted, nervous, overworked ' womon, nothing can do as much as Dr. Piorce's Favorite Proscription. It regu- latos and assists all the natural functions, nover conflicts with them, and it strengthens and builda up the female system in 8 way of its own. . Nursing mothers and tvomen approaching con- finoment, will find it exactly fitted to thelr needs. Tt lessens the pairis and burdens of ild-baring, ensures healthy, vigorous off- spring and promotes an abuniant secretion of nonrishment on the part of tho mother. It's an invigorating, restorativo tonic, a soothing and strengthening nervine, and tho only guaranfeed remedy for woman's chronic ills and ailments. 1f it doesn't bene- it or curo, in the caso of every tired or af- flictod woman, she'll have her money back. On these terins, can anything clso bo * juss as good " for you'to buy § You're offerad 500, or & cure of Catarrh, by tho proprictors of Dr. Sage's Remody. AMUSEMENTS. BOYD'S OF GRAND SPECTACLE BEGINNING MATINEE SATURDAY, CHAS. H. YALE'S FOUR NICHTS e NEWEST WDEIL'S AUCTION” Soenory, Oostunics, Compiny, Fromiores, Cory phees, Hallots, ALL NEW | ,'anrr..”:’n.l:r Foutires, 'roperties Fulf o Hundred T dietine V ‘ontiures of Mophi o Py Vi Spring. hto Hi T 21 T 1 Tl it of At 15th STREET THEATRE ‘i CARLETON OPERA CO. TONIGHT, Bohemian Girl MATINEE SATURDAY, S Liy At usual priog {Pobulur | Price One week. commencing Matinee, JANUARY J 7 The Sensational Oc y-Drama, SIDE TRACGKED. Wes Matinoes—Saturaay, EDEN MUSEE"~ 1515 DODCE STREET, WEEK OF JANUARY 187, oaday last night through his manager, Hilly Brady, | and declares he will not abide by them un less the Au an champlon signs them Lim I'HE ROOSTER STRING BAND STAGES-2-SHOWS--2 ONE DIME. NO MORpE v