The San Francisco Call. Newspaper, August 9, 1895, Page 1

" VOLUME LXXVIII T i Shianmne SAN FRANCISCO, FRIDAY MORNING, AUGUST 9, 1895. PRICE FIVE CENTS. LOST O THE ROCKS, Wreck of the Big British Steamer Catterthun Near Sydney. A DISASTER IN A GALE. Officers Displayed Heroism and Perished With Sev- eral Passengers. DRIVEN TO HER DESTRUCTION. Great Waves Swept the Lifeboats Back on the Vessel After They Were Launched. LONDON, Exg., Aug. 8.—A dispatch to Lloyds from Sydney, N. S. W., announces the loss of the British steamer Catterthun. The Catterthun was a passenger steamer and was bound from Sydney to Hongkong. She ran on Seal Rocks, between Sydney and Brisbane, and became a total wreck. The dispatch states that some of the pas- sengers and crew were saved, but some are missing and it is feared are lost. A Central News dispatch from Mel- bourne says that the vessel sank at 2 o'clock this morning. Soon after the steamer struck it was found that she was sinking and that there was no possible chance for her. Orders were given to abandon the ship. The boats were quickly lowerea, and every one safely reached them and started for the mainland. Only one of the boats had been heard of up to this time, and the greatest anxiety “isfelt as to the fate of others. The boat with the survivors reached Forster this morning and reported the loss of the steamer. There were many Australians and English among the passengers. Cable dispatches from Melbourne state that the Catterthun struck at 2:45 o’clock in the morning and sank twenty minutes later. The names of those who are sup- posed to have been lost are: Niel Shan- non, the captain; Mr. Pinney, the first officer; Third Officer Leffler, Chief En- gineer Harper, Second Engineer Adams, Third Engineer Wilson, Fourth Engineer ‘Westenholme, Chief Steward Manning and Surgeon Anderson Phipps, thirty Chinese and eighteen Lascars. The passengers who are supposed to be lost are: Mesdames Mathias, Loring and Smith, Miss Loring, Robert Frazer and fifteen Chinese steerage passengers. At the time the vessel struck a heavy southwest gale was prevailing. When the vessel hit there wasa severe shock that could be felt in every portion of her. The passengers were greatly alarmed and there was much confusion. The captain reas- sured them, stating that there was no dan- ger. He thought the steamer had only been struck by a heavy sea. The ship con- tinued on her way, but before many mo- ments had elapsed it was found that she had a hole in her bottom and was making water rapidl She began to settle down and took a list to starboard. The fires under her boiiers were soon ex- tinguished and the vessel was then help- less. She broached to and the sea swept over her fore and aft. Every effort was made to lower the boats, but they were baffled by the seas which swept them on board after they had been swung out on the davits. The port lifeboat was lost en- tirely, it being washed from the davits. Notwithstanding the dangerous position of the steamer, which it was seen was doomed, excellent discipline was maintained. Dur- ingan attempt to lower the starboard cutter an immense sea broke aboard the steamer and carried away the cutter. It alsoswept from the bridge the captain and chief and second officers and Captain Fawkes. The Jast-named, having been unable to reach his cabin to obtain a lifebelt, had bor- rowed the captain’s knife and was in the act of cutting the lashings of a small table on the bridge when he was swept off into the sea. A few minutes later, after a very great effort, the starboard lifeboat was lowered and it picked up Captain Fawkes, who was clinging to some of the floating wreckage. Only three other Europeans were rescued. These were Second Mate Tanfear, Dr. Cope- man and a passenger n2me Crane, belong- ing to Melbourne. Later dispatches say that the Seal Rocks are 110 miles north of Sydney. The Cat- terthun, in addition to having a general cargo, had on board 11,000 sovereigns. Mrs. Mathias, wife of the captain of the steamer Calla, trading between London and Japanese ports, had been at Sydney visiting friends. When the Catterthun cast off her lines at the wharf yesterday Mrs. Mathias’ niece was on the wharf cry- ing bitterly. She said to her aunt, “Oh, auntie, yow’ll be drowned. I wiil never see you again.” A dispatch from Melbourne received this evening says that divers have left for the scene of the wreck for the purpose of atrempting to recover the 11,000 sovereigns | in specie on board the steamer. The dis- patch further says it is now known that the bourne, Australia. for two days and a half without food or water, and suffering hardships and misery, Captain Henderson and his men were picked up by a sailing vessel, which trans- ferred them to the Capac. The Prince Oscar left Shields, England, for Iquique, Chile, May 27, with a cargoo { coal and a crew of twenty-five. FOUNDERED NEAR PORT MORANT. Loss of the British Steamer Argonaut Without Fatalities. LONDON, Exc., Aug. 8.—The British steamer {&rgonsut' Captain McGillivray, from _Hah(ax, July 29, for Port Morant, Jamaica, foundered near Port Morant. All on board were saved. e ALL THE WAY FROM SAMOA. Miss Nicach Traveled Five Thousand Miles to Marry Mr. Harbest. KANSAS CITY, Mo., Aug. 8. — Miss Analie Nicsch arrived in Kansas City yes- terday from Samoa. She had traveled 5000 miles to marry her lover, Franz T. Harbest, a grocer of this city. Two years ago Miss Nicsch and Harbest met on an ocean steamer for New Zealand. It wasa case of love at first sight. Miss Nicsch's home adjoined the home of Robert Louis Stevenson. Harbest visited eight days with her. The couple corresponded, and upon Miss Nicsch’s arrival here yesterday they were immediately married. COLLIDED IN THE FOG. Two Trains Met and Were Smashed on an East- ern Road. Passenger and Freight Coaches De~ molished and Several Train- men Killed. PLYMOUTH, N.H., Aug. 8.—One of the worst collisions that ever occurred on the White Mountain division of the Boston and Maine Raiiroad took place one mile south of here at 5:40 o’clock this morning. Three men met with instant death, several received injuries and ten or twelve pas- sengers received a fearful shaking up. Train No. 64, the Cannon-ball express, due in Boston at 9:40, left Plymouth on time at 5:35 in charge of Conductor Eugene Bennett of Concord. It is the only vestibuled train running over the road, -and consisted of an engine, baggage-car and two passenger-coaches. About one mile south of nere, when round- ing a curve at the Keniston interval, the train ran into an extra freight northbound. The two trains met with a fearful crash plainly heard here. The engines were completely demolished, both being thrown over a twenty-foot embankment and re- duced to kindling wood. The bodies of the dead were frightfully mangled and so sca led as to be hardly recognizable. The killed were: Frank Stevens of Lake- port, engineer of the Cannon-ball; George Merrill of Lakeport, fireman of ‘the Can- non-ball; Henry G. Lines of Woodsville, fireman of the freight. Among the passengers injured are: W. J. Randolph, Boston Globe correspondent, injury to right leg and hand; W. M. Rog- ers, Boston, slight injury to leg; Conductor Eugene Bennett, Concord, gash on the right side of head; Freeman Downing, baggage-master, injured in the shoulder; Arthur Austin, Haverhill, brakeman on freight, fracture of skull, in a precarious condition. When the collision occurred the Cannon- ball was running at about thirty-five miles an hour, and as the morning was foggy it was impossible to see more than a few yards ahead of the train. Fourteen new freightcars just from the shops were stove into pieces, as were the locomotives, one of them also new. There is only a single track from Ply- mouth to Ashland, and as the accident oc- curred on a curve telegraph and telephone poles were destroyed for several hundred feet, and all communication by wire was cut off. As soon as the news of the disaster had reached Plymouth crowds went to the scene of the wreck, and all possible assist- ance was given to the injured. The doors of the Pemigewassett House were thrown open to all who wished their injuries cared for, and they were attended by surgeons. The freight was in charge of Conductor L. J. Tyler of Woodsville and Engineer Moses T. Eaton. Engineer Eaton has just been transferred from the northern to the ‘White Mountain division of the Boston and Maine, and was learning the road. His escape was miraculous. The first he knew of the affair was a crash, and the next instant he was crawling from beneath the wrecked locomotives on his hands and knees. Although he is cousiderably in- jured the result will not be serious. The freight was running extra and was on the main line of the road on the exact time of the Cannon-ball train. Sitmoe THE REPUBLIC STRONG. Such the Opinion of Ex-Hawaiian Minis- ter Thurston. NORWALK, Coxx., Aug. 8.—Hon. L. A. Thurston, late Hawaiian Minister to the United States, has written a private letter to his cousin, the wife of Congressman E. J. Hill of this city, in which he says that the statements sent out by nearly every mail that the cause of the republic and of annexation is weakening in the Hawaiian Islands and that there is a tendency to re- vert back to a monarchy are absolutely un- total number of lives lost in the disasteris forty-four, many of the Chinese passen- gers and crew being saved. Of the Euro- peans on board only the four previously mentioned survived. COLLIDED IN MIDOCEAN. Story of the Sinking of Two Vessels With Loss of Life. PHILADELPHIA, Pa., Aug. 8.—The thrilling story of the sinking of two vessels in collision, and the probable loss of about forty lives, was told this evening by Cap- tain Anderson, late of the British ship Prince Oscar, who, with sixteen of his crew, arrived at this port this afternoon on the British steamer Capac from Chilean and Peruvian ports. Four of the crew of the Prince Oscar went down on the ship and two others were drowned by the up- setting of a lifeboat in the heavy seas. The name of the ship with which the Prince Oscar was in collision is not known to Captain Henderson, and its entire crew are supposed to have gone to the bottom with their vessel. Captain Henderson thinks from her size that her crew numbered thirty or forty. The collision occurred on the night of the 13th of July, in lat 9 deg. 30 min. south and long. 28.20 west, which is near lhol zoyte of ships boynd from London to Mels true. He says: “These stories will not hurtus in the long run. The republic has ample strength to hold the situation as long as it is necessary to accomplish the object that is kept steadily in view, namely, an- nexation to the United States.” T After drifting about JUDGE JACKSON GONE: Close of the Career of the Supreme Court Justice. MADE A BRAVE BATTLE. For Years He Suffered From a Complication of Diseases. WAS ON DUTY TO THE LAST. While in Bad Health He Sat at the Second Hearing of the Income Tax Case. NASHVILLE, Texx.,, Aug. 8. — At 2 o'clock this afternoon Judge Howell Ed- munds Jackson, Associate Justice of the Supreme Court of the United States, died at his residence at West Meade, about six miles from the city, aged 63. Judge Jackson had been in failing health for the past few years, but it has only been in the past eight or nine months that the T the Mississippi Railroad Company (now the Chicago, St. Louis and New Orleans Railroad Company) to negotiate the bonds of the road, which he did satisfactorily. When the war broke out he entered the civil service of the Confederate Govern- ment. On returning to Memphis at the close of the war Mr. Jackson formed a law partnership with B. M. Estes, and after- ward with Mr. Ellet, when the firm name was changed to Jackson & Ellet. Judge Jackson soon became well known as an able lawyer. His first wife died in 1873, and in April, 1874, he was married to Mary Elizabeth, second daughter of General W. G. Harding of the famous Belle Meade farm. In 1876 he returned to Jackson. On two occasions Judge Jackson served by appointment as one of the Judges of the State Supreme Court, and in 1878 he was a prominent candidate before the Tennessee Democratic Convention for the nomination for Supreme Court Judge, coming within one vote of a nomination. He was elected to the Tennessee House of Representatives from Madison County in 1880 on the “State credit’’ platform, and was made a member of the committees on the Judiciary and Privilegesand Elections. On January 26, 1881, Judge Jackson was elected United States Senator for the term beginning Murch 4, 1881, The Legislature was very evenly divided, there being ten Republicans in the Senate and thirty-seven in the House, fifteen Democrats in the Sen- ate and thirty-seven in the House and one Greenback man in the House, and the contest for the Senatorship was a long one, lasting from January 18 to Jauuary 26. Twenty-nine joint ballots were taken, and Judge Jackson was not named until the last ballot was taken. No caucus nomina- tions were made by either party, The THE LATE JUSTICE HOWELL EDMUNDS JACKSON. progress of the disease began to cause his family and friends uneasiness. he went on a lengthy trip to the far West in search of health. Later he went to Thomasville, Ga., where it was hoped the mild and bracing climate ;would restore his old-time vigorous constitution, The trip did him but little good, and after a time he | was brought home. At his old home Judge Jackson seemed to improve steadily until he went to Wash- ington to sit in the second hearing of the income tax cases. He stood -that trying trip only fairly well and after his return home appeared to lose strength rapidly. The fact is, he was afflicted with a compli- cation of diseases against which it was virtually impossible to struggle. Never- theless Judge Jackson did not take to his bed until last Wednesday week. Since that time his family and friends realized that the end was near, and his death to- day was not unexpected. With the exception of Miss Elizabeth Jackson and William H. Jackson Jr., who are in Europe, his children were at the bedside when the distinguished sufferer passed away. The arrangement for the funeral has not been fully completed, but it is thought that it will take place next Sunday after- noon at 3:30 o’clock. JUDGE JACKSON'S CAREER. From Early Life He Became Noted as a Statesman and Jurist. Howell Edmunds Jackson was a native of Tennessee, born at Paris, in that State, April 8, 1832. When he was eight years old his parents moved to Jackson, Tenn., whera the Judge has ever since resided. He was graduated at West Tennessee Col- lege in 1848, and afterward studied for two years at the University of Virginia. After leaving the University he read law for two years in Jackson under his kinsmen, Judges A. W. O. Totten and Milton Brown. In 1855 he went to the Cumber- land University and was graduated from the law school attacied to that institution in 1856. He at once began the practice of his profession at Jackson. Three years later he removed to Mem- phis and formed a law partnership with David M. Currin. In the winter of 1857-58 Judge Jackson was sent to New York by PE S Last year | leading Republican candidates were Post- master-General Horace Maynard and H. H. Harrison, chairman of the Republican State Central Committee and a leading member in the Tennessee House. The leading ‘‘State credit’”’ Democratic candi- date was James E. Bailey, the retiring Sen- ator. General W. B. Bate represented middle ground on the credit question. The leading “low tax’’ Democrat, Colonel John H. Savace, withdrew before any joint bai- Iots were taken and urged harmony among the Democrats, but the “low tax’ faction generally voted for General Bate. Mr, Maynard several times came within three or four votes of election, while Bailey and Bate lacked from nineteen to forty votes of'a majority. Mr. Bailey and Gen- eral Bate withdrew toward the close of the contest, and before the meeting on Jan- uary 26 the Democrats had resolved to sup- port any one named by Senator Matthews, Independent Democrat. Senator Mat- thews voted for Solon E. Rose, and the Democrats generally began to change their votes immediately, soon giving Mr. Rose a majority of one vote. Mr. Butler (R.) then changed his vote from Maynard to Jackson, and was followed by sevanteen other Republicans and all the Democrats. ‘When all the changes were made, the re- sult was announced as follows: Jackson 72, Maynard 23, Rose 1, Taylor 1, not voting 3. Mr. Maynard, it is believed, might have been elected had not a few obstinate Republicans held out to the last, hoping that Mr. Harrison, the choice of four or five Republicans, might be forced upon the majority of the party. Mr. Jackson was popular with both Democrats and Republicans, and a man of great purity of character. During the contest he supported Senator Bailey. Judge Jackson wasa son of Dr. Alexander Jackson, and not a relative of Andrew Jackson. In 1886 he was appointed by President Cleveland as Circuit Judge for the Sixth Circuit (Kentucky, Michigan, Ohio and Tennessee) to succeed the late Judge John Baxter. After several years on the Circuit bench Judge Jackson was placed upon the Su- preme bench by President Harrison and the nomination was confirmed by a Re- publican Senate, notwithstanding he was a staunch Democrat. ONE FLOOR DROPPED, Collapse of a Big Build- ing on Crowded Broadway. MEN FELL TO DEATH. Laborers and Electricians Went Down With the Ruins. THIRTFEN PROBABLY PERISHED Varlous Theorles for the Cause of a Terrible Disaster In an Unfinished Structure. NEW YORK, N. Y., Aug.8.—The north- east corner of West Broadway and Third street was the scene of a fatal building collapse to-day, but the extent of the disaster will not be positively determined until to-morrow, when the ruins will have been completely overhauled and the loss of life learned. It was the middle section of an eight-story unfinished structure that collapsed, and down with the falling floors and roof were carried a number of work- men, some of whom were crushed to death in the ruins. There was a loud rumble and a cloud of dust as the building caved in, and from the ruins of mortar, masonry and girders came the cries and groans of injured work- men. There was a crowd of rescuers on harid in less than three minutes, and two minutes later one of the buried workmen was carried out dead. He proved to bea laborer named John Burke. Close beside him in the ruins was found Charles Smith, an electrician. He was badly mangled and died in an ambulance on the way to 8t. Vincent’s Hospital. Others were taken out badly maimed and removed to the hospital. At 6 o'clock this evening the body of Charles E. Peterson, an electrician, was taken from the ruins. In the first excitement attending the terrible accident it was reported that at least twenty men were killed. The minute the building collapsed a policeman of the Mercer-street station ran to a telephone and called for all the ambulances that could be spared from the New York and St. Vincent hospitals. The firemen were also summoned to dig out the imprisoned workmen. The following injured men were rescued from the ruins and sent to hospitals: “Wil- liam Fox, John Clune, James Kinney, Neil Guider, Frank Mazzoconi, William Frank and John Kelly. Though badly injured, these men are expected to recover. Park Policeman Livingston fell into an excavation while aiding -in the work of rescue and injured his back. He was re- moved to St. Vincent’s Hospital. The accident occured at 11 o'clock this morning. The building was a brick struct- ure, numbering from 567 to 573 West Broadway. It was very nearly completed. John H. Parker was the builder. There are different theories regarding the cause of the disaster. Oneis that the floors were overweighted with material. Another is that an upright girder in the center of the structure was defective. The list of missing workmen is large, and it is feared they may all be found dead in the rnins. Those unaccounted for at 6 o'clock this . evening were: Charles Bihlheimer, electrician; James [Farrel, plasterer; Michael Fahey, laborer; Edward Hanley, plasterer; John Murphy, laborer; John Maguire, laborer; Michael O’Hare, laborer; Christopher O’'Rourke, laborer; Charles Reilly, laborer; Henry Thomas of Brooklyn. If these men were killed in the ruins the total number of dead will be thirteen. Soon after the accident a gang of sixty men was put to work overhauling the ruins, and the work will be continued by electric light during the entire night. The work will not be completed, it is believed, until noon to-morrow. Contractor Parker and Jefford Sellick, the foreman of the work, were arrested on the charge of causing the death of John Burke, but were subsequently released on $15,000 bail each. The iron work was being done by the J.B. & J. M. Cornell Iron Works, under the supervision of Charles M. Seccomb. The latter said to a reporter: “The building was planned to stand 250 pounds to the square foot. During the erection of the building I frequently pro- tested against the contractors placing so much as 400 pounds of rock plaster to the square foot on the roof, as was done.” Charles Martin, foreman of the carpen- ters, was working with several of his men on the fifth floor when the building fell in. Martin said later that there was a noise like a dozen cannons exploding. A great mass of mortar and brick swept down by Martin and his men, but they were not injured, and made their way to the street by the stairway and fire-escapes. The gang of laborers who are clearing away the debris got into the cellar of the ruined building this evening, but up to a late hour no more bodies had been taken from the ruins. Three laborersin addition to the list given above were reported miss- POLITICS IN .A.Houm'rllevst—'xxn FOREMOST SBTATESMEN OF THAT AGE “?UBI!Q A POSITION OF STATE, 5 [From the Chicago Times-Herald.] ing to-night, and they are supposed to be in the ruins. ONE RACE WAR CLOSED. Italian and Negro Miners Will Soon Return to Work. PRINCETON, ILL., Aug. 8.—The war on negroes by the Italians of Spring Valley has been declared off, and the Spring Val- ley Coal Company will be permitted to re- sume operations and the negroes will be allowed to return to their homes in the city. This action was taken to-day by a mass-meeting of all the white miners, which assembled in the public square near the center of the city at 30’clock this after- noon. About 500 miners were present, the largest portion of whom were English- speaking. A resolution was offered to the effect that the miners of Spring Valley would recognize the fourteenth. amend- ment to the Constitution of the United States, which guarantees to every person equal liberties without regard to race, color or previous condition of servitude, and thatethe miners -of Spring Valley would pledge their earnest support to all efforts to the enforcement of the law. After being interpreted the resolution was put to a vote, and was declared carried by an overwhelming ajority. About fifty Italians voted in the negative. A com- mittee was appointed to wait upon Man- ager S. M. Dalzell of the Spring Valley Coal Company, to inform him of the action taken and to report that the miners are ready and anxious to return to work in the mines. Mr, Dalzell was closeted with the committee for about an hour. He had a talk in the morning with the miners in regard to the proposed meeting, and while the resolution was not just what he wanted, he agreed to recognize it and to resume operations in the mines at the earliest possible moment, which will probably be to-morrow morning. THE LAST OF A BAD BAND. James Clark Was a Member of Quantrell’s Gang of Guerrillas. Later He Operated With ‘Jesse James and Hls Record Be-~ came Very Red. ST. LOUIS, Mo., Aug. 8. —The man known as Jack Clark, who was assassin- ated on the street of Telluride, Colo., last night, was the original Jim Cummings, the desperado, whose bad record has lived and grown since the opening of the Civil War. To-day a telegram was sent from Tel- luride to Mrs, Mary Cummings, the aged mother of the desperado, at Independence, Mo. It was signed by J. L. Glenn and reads as follows: “Jim was killed yester- day. What shall I do with the body?” Mrs. Cammings was not in Independ- ence, being on a visit to relatives in Kan- sas. 3 Cummings was a member of Quantrell’s band during the war, and was one of the most desperate members of Jesse James’ gang of outlaws, that later operated from Minneapolis to Texas. When pursuit be- came hot he went to the mountains and has since been known as James Clark. The death of Cummings removes the last of that band of desperate men who set the exampie of bold robberies followed later by so many imitators. JUMPED INTO THE WELL The Suicide of Miss Marzee Pride at Paris, Texas. The Unfortunate Young Woman Was Crazed by the Murder of Her Brother. PARIS, Tex., Aug. 8.—Miss Marzee Pride, a most estimable young lady of this city, committed suicide last night by jump- ing head foremost in a well forty-five deep and containing six feet of water. She com- mitted the act while in a fit of temporary insanity superinduced by grief, dating back to the horrible murder of her brother, a wealthy ranchman residing in West Texas, two years ago. She was spending the night with her sister, and about midnight she wasfound stroiling in the yard and told the famlly she was going to die, but was again put to The dog barking awakened the family some two hours afterward, when the hor- rible discovery was made. The body was secured this morning with drag hooks. Her aged mother is not expected to sur- vive the shock. I S i HOLMES AND HATCH ONE. Evidence Gathered Against the Insurance Swindler. CHICAGO, Irn., Aug. 8.—F. B. Little, night clerk at the Grand Hotel here, has identitied a picture of Mrs. Pietzel as that of the woman who was a guest of the West End Hotel October 8 with Holmes and the two Pietzel girls. If Little is right the mysterions Hatch referred to by Holmes as having had the custody of the children from St. Louis to Toronto is Holmes him- self, although the local police do not be- lieve the female companion of Holmes at that time was Mrs. Pietzel. Little says the girls were kept close prisoners during their stay at the hotel. He identified a. picture of Holmes as that of the man who seemed so anxious to keep the existence of his lit- tle prisoners a secret. Detective Grier of Philadelphia hasalso traced Holmes to the hotel on that date. Rl AT E EXCUSED FOR CONTEMPT. City Councilmen of Omaha Exoused for Fiolating an Injunction. OMAHA, NEBR., Aug. 8.—In the fire and police trouble to-day very little of conse- quence was done. The contempt case came up and the City Council was dismissed with a mild rebuke from the court. Judge Hopewell decided that the ten members of the Council who voted to examine and ap- prove the bonds of the new police board after a telegram had been served on them commanding them not to do so were guilty of contempt, but would be excused because some of them had doubts as to the legality of the injunction, and also as to its genu- ineness. "The Council was not at all pleased with this decision, although the other fac- tion wished the Judge to fine them. The arguments in the injunction case were continued to-day and will be finished to- morrow. The city is quiet, and all are dis- posed to await calmly the processss of the courts. FLOW OF THE GOLD, Slowly the Reserve Is Ebbing to Danger Mark. RAIDING IN A DISGUISE, Millions Said to Have Been Withdrawn for Commercial Purposes. CONTRACT WITHTHE SYNDICATE There Is Some Appreheansion as to What the Money Kings Pro= pose to Do. WASHINGTON, D. C., Aug. 8.—The reticence that prevails among the treasury officials when they are approached on the subject of the condition of the gold reserve and their absolure refusal to offer any opinion as to what this outflow of gold of the past two weeks signifies, leads to the conclusion in some quarters that the treas- ury is uneasy about the situation. It ig quite probable that by Saturday the syndi- cate will be compelled to prove whether it considers its contracts fulfilled or whether it feels constrained to assist the Govern- ment in maintaining the reserve. The rapid diminution of the reserve, the speedy descent from more than $107,000,000 to a very little margin over the amount the reserve is required to be, has shown how easy a raid, even under the guise of the ordinary course of business, can be con- ducted. Treasury officials are emphatic in their statements that this loss of gold is due to legitimate business and point to the char< acter of the houses taking it out to show that it is not the result of speculation. ‘Whatever may be the cause, the loss is felt and will be felt to a still greater extent be- fore the week is ended. There was an intimation at the treasury to-day that notice would be given to- morrow of a withdrawal for export Satur- day, and officials do not hesitate to admit that the indications point to the further loss of an equal amount, if not greater, than that which was shipped on to-day’s steamer. At the close of business this afternoon the reserve stood at the $104,118,- 662 mark, a loss over yesterday of $349,442. The $1,000,000 shipped to-day has not been reported to the treasury in the official balances from New York and will not therefore appear in the reports until to« morrow, The actual condition of the treasury then finds the reserve amounting to only $103,118,662. This shows a loss of $4,500,000 since the syndicate made 1ts payment, July 5, and sent the reserve up to $107,560,208. The gold reserve was not nearly so low as this on the 27th of July, when the syndicate felt called upon to increase it. At that time the reserve had dwindled downtoa little betow $105,500,000 and by Monday it swelled to a little more than $107,500,000. Some officials admit that unless the syn- dicate steps in and fills the gapthat has thus been made the public will be war. ranted in believing that the syndicate considers its contract to have been com- pleted in its entirety and that it is no longer morally bound—if not by the dis« puted meaning of the text of the contract— to maintain the reserve. Acting Secretary Curtis said to-day that he did not know what the intentions of the syndicate were, but so far as the treasury situation was concerned he saw nothing in it now to justify any feeling of alarm. The gold that was going out was sent abroad in the payment of debts and within a few days he beiieved there would be a flow in this direction. Crops were begin- ning to move and the presence of com- ‘mercial bills in New York, some of which were already on the street, would loosen the tension and bring down the rate of ex- change and stop the export of gold. There are others, however, in the treas- ury not so sanguine as is Mr. Curtis, and many of these are beginning to look for- ward to the next week as a critical period, one that must show which way the tide will turn. Meanwhile the gold continues to go out and no official expression of the proper interpretation of the bond contract is made. CLOSING UP THE DEAL. Belmont-Morgan Syndicate Will Return Subscriptions. NEW YORK, N. Y., Aug. 8—The Belmont-Morgan bond syndicate to-day notified all subscribers to the syndicate that upon presentation of their certificate of subscription at the office of J. P. Mor= gan & Co. on Friday, August 9, they will receive a return of 34.49 ver cent of their subscription. So far 40 per cent of the original subscription has been returned. It is. a question whether the 341 per cent to be paid will be in cash or in checks. The bond syndicate will also close np its deal on the other side, deliver the bonds, re- ceive back the certificates which were is- sued, and the entire deal will be ended, as the syndicate has received the money for the bonds. So far there has been nothing said about a distribution of the profits to .the mem- bers. To-day $2,000,000 in gold was de- posited in the local sub-treasury by the syndicate. This offsets the gold drawn by certain commission houses from the sub- treasury for export, and isin line with the policy of the bankers who so successfully placed the last Government loan. Speaking of resales of the new bonds here by certain houses, a dealer claiming to have inside information to-day said: “Almost all of the arbitration business in the resales of Government bonds here for European account has been done by a single firm. The aggregate of the transac- tion might equal $4,000,000 or $5,000,000, as reported. Itis not unreasonable to sup- pose that more bonds will seek this mar- ket, although, of course, it was purely guesswork as to the probable extent of these sales. The present quotations for Government bonds are only nominal, nd are merely made to facilitate transact. us over the counter. The market 1s, at pres- ent, a waiting one.” The For Pacific Coast Telegrams see Pages 3 and 4.