The San Francisco Call. Newspaper, October 18, 1895, Page 1

"VOLUME LXXVIIL SAN FRANCISCO, FRIDAY MOR PRICE FIVE CENTS UNION PACIFIC PLANS STATEMENT ISSUED BY THE REORGANIZERS OF THE ROAD. FOR FAIR SETTLEMENT. (PENDITURES ON SIONS FOR ARS. NEW YORK, N. Y., Oct. 17.—The re- on committee of the Union Pa- arvin Hughitt and ith the co-operation of Loeb & Co., bankers for the com- nagers of the reorganization ve issned a plan for the re- f the property. The com- it to be its purpose, while continuing all proper efforts to reach a just and fair settlement of the Government debt, to enforce the liens of the tirst mort- in the interest of the bondholders and ts of the reorganization plan. ated that the fixed charges under ed on the lowest re- ion of the main lines ime of the greatest depression, » submitted has been prepared e of insuring full returns security-holders, with d continuing cash provision and maturing interest upon M. Depew to the imme for matu first nization. e main lines of the Union Pacific vay Company affected by the pro- zation e the Union Bluifs to Ogden; Kansas as City to Denver; Leaveu- nworth to Lawrence; eyenne to Denver; a total main line mileage of 1,827.50 miles. Balances due on outstanding lands and town lot contracts on December 31, 1894, is (excluding those under con- mounted on that date to 6,254,000 acres, of an estimated value of $13,3' The b indeptedness of the Union Pacitic Railway Company on October 1, 1595 (including collateral trust obligations ting to $20,092,000, and not embraced in the plan) amounted to $67,386,350, and th t to the Government was, principal 12, and interest, approximarely ing estimated value of the 1d, $19,500,000. The total funded ed at $140,425,662. The out- ital stock of the present coms grant tract) rzes and deductions from ings of the company, including 1 bonds, sinking fund and Gov- are stated for a five vears, the average fixed ese years being $6,802,001 28. s is stated to be exclusive of the excess uterest of the debt to the Government over the net ngs applicable under the T n and other acts and of interest on bonds held in main line mortgage trusts under conversion provisions and of the obligations of the rail ompany under the traffic guarantee. It is shown that in- cluding those items the fixed and other charges prior to the stock of the year 1892, being the year just preceding the receiver. p, aggregated the sum of $7,881,475 44, ora sum greater by $881,47544 than the amount necessary to T est upen the maximum ferred zatio the annual inter- ssue of the pre- stock contemplated in the reorg plan. A statement of the gross earnings and of net earnings, taxes deducted, for a period of t ears—1885 to 1894 inclusive—is pre- sented with the stated result that the average net earnings for this period wi $7,563,669 10, or an $563,669 10 than the maximum interest and dividend requirements upon the new bonds and preferred stock provided for in the reorganization plan. I noted that the lowest net earnings realized by the Union Pacific Railway were those of the year 1894, when they were $4,315,077 25, or ,077 25 in excess of in- terest on the maximum amount of pro- posed bonds of the new company. The reorganization plan contemplates the issue by a new company of first mort- gage railway and land grant, fifty-year 4 per cent gold bonds, $100,000,000; 4 per cent preferred stock, $75,000,000; and com- mon stock, $61,000,000. The new bonds are to be secured by a first and only lien upon the main line mileage of the Union Pacific Railway, equipment, land grant, ands and land contract balances and upon such branches of railway as the committee shall avail of through the ownership in mortgage trusts of braneh-line bonds. The preferred stock is to be entitied to 4 per cent non-cumulative dividends, pay- able out of net or surplus earnings before the payment of any dividend on the com- mon stock. The stock of the present company will be assessed $15 per share, the holders re- ceiving preferred stock for the amount of their assessment and common stock equal at par to their then present holdin. A reorganization syndicate to furnish $10,000,000, with the right on the part of the committee and the bankers to increase this amount to $15,000,000, has been or- ganized by Kuhn, Loeb & Co., bankers, to purchase upon deposit of the first mort- gage bonds all defaulted coupons and in- terest assignments pertaining hitherto and thereafter, as they mature, all couvons and interest claims maturing during the vendency of the plan upon such bonds, and to adjust in cash the 2 per cent difference between the rate of interest of old and new bonds from the date at which the new bonds begin to bear interest to the due dates of the principal of any subsequently maturing first mortgage bonds. The syn- dicate is also to purchase, if it shall be ni- mortgage main line bonds pending | ze | amount greater by | reorganization, any outstanding first mortgage bonds and Omaha bridge bonds, and to deposit the same under the plan. and if advisable to purchase also all or any defaulted coupons and interest as- sighments on Omaha bridge bonds. The time for declaring the plan operative is limited to December 31, 1896, with the right on the part of the committee to ex- tend the time to June 30, 1897. S NORTHERN P IC PROSPERITY. In His Report President 1ves Scores Dis- nhonest Management. NEW YORK, N. Y., Oct. 17.—The an- nual meeting of the Northern Pacific Rail- road Company took place to-d: In an address 10 the stockholders President Bray- ton Ives said that the net earnings for the year ending June 30 were greater by $1,- 384,204 than those of the previous year, and the increase to date of the present fiscal year over the corresponding period of 1804 was $876,445. Moreover, abund- ant crops and reviving business afforded ground for the belief that the improve- ment would continue. President Ives said that the old receivers having been removed, the suit against Henry Villard to recover $350,000 illegally obtained in connection with the Northern Pacific and Manitoba road would be rresscd. The receivership was a record for egal services and $652,143 for salaries, making a total of $1,575,239 for adminis. tration expen: The expenses in the second year of the receivership were $325 000 greater than the first. President Ives said: “‘The stockholders are to be congratula- ted upon the failure of a plan formulated by the Adams committee, which. under the guise of reorganization, was intended to secure the absorption of the Northern Pacific by the Great Northern and its elimiration as an independent corpora- tion. Itisrumored that the same parties are striving to reach the same end by different means,but there is little prospect of success. The Northern Pacitic has seen its darkest days. For years the road has been weighted down by incompetency or by dishonest management. The directors were thanked by resolu- tion for advancing money to protect the company’s interests and preserve its exi. | ence, and they were furthermore requested | and authorized to continue to prosecute | claims of the company. The following di- rectors for the ensuing year were elected : Angust Belmont, Henry L. Burnett Jr. Horace Harding, Marcellus Hartley, E. C. Hegeler, Brayton Ives, Donald Mackay, William E. Rogers, W. F. Sanders, John E. Searles, George R. Sheldon, Winthrop | Smith and C. Tower Jr. In conclusion MOUNTAIN AND PLAIN FESTIVAL. Ute and Pueblo Indians Lend Color to the Colorado Celebration by Their Gaudy Attire. DENVER, Coro., Oct. 17.—The festival of Mountain and Plain has eclipsed all ex- pectations. The programme to-day in- cludea an excellently handled military | parade in the morning, an exhibition at | City Park of the allegorical mineral and horticultural floats of yesterday’s parade and a wheelmen’s parade in the evening. The Ute and Pueblo Indian camps, the camp of the Colorado National Guard and the midday camp of the regular troopsand cavalry from Fort Logan afforded scenes of preat interest. The great throngs of visitors were augmented to-day by many more excursion trains. The dances of the Indians dressed in their brightly colored blankets and buck- skins, with decorations of beads, feathers and ribbons of gaudy hues, were the most | picturesque attractions of the day. The city has been decorated with the vellow and white carnival colors, and all the electric illumination effects of the Knights Temp lar conclave of three years ago have been repeatea for this occasion. The wheelmen’s parade to-night was an immense affair. CASHIER COLEANS THEFTS FIFTY THOUSAND DOLLARS THE AGGREGATE OF THE MANEY EMBEZZLEMENTS. In His ConFEssioN HE FAILED To TELL OF THE BEST NoTES REDISCOUNTED. TORT SCOTT, Kans., Oct. 17.—The ag- gregate of the embezzlement from the closed State Bank of this city of ex-Cashier J. R. | Cotean is declared by Vice-President 'J. J. Stewart to be fully $50,000. This has re- newed the itement and shattered the hopes of many of the depositors and all of | the stockholders. The amount stolen is | two-thirds of the paid-up capital stock and more than the other third will be required to collect on the securities. Colean literally robbed the bank of all the cash except $2000 of the reserve fund gnd Tealized on $20,000 of the best securi- ties by rediscounting them. The recreant cashier has made a statement to Vice- President Stewart, telling from which ac- counts he took the money, and says that most of it was taken since he made his last statement (in July). He con- fessed having stolen the following ac- counts: Kansas City banks (cash) $5600, St. Louis banks (cash) $1200, New York banks (cash) $2500, reser fund $9000, de- posits on certificates (cash) $3400, redis. counted notes $11,000. The examination has resulted in the de- velopment that Colean in his confession did not tell all, as $20,000 of the best notes cannot be found, and some of them are known to have been rediscounted in St. Louis. The fact that the robbery was sys- tematically perpetrated under the very eyes of the officers, and that the defaleq. tion so far exceeds the sum first announced has created consternation. Colean wili be arrested as soon as he re- covers sufficiently to be taken to jail. He 18 still belpless from nervous Prostration and is perfectly childish. TARRED AND FEATHERED A JEHY. An Insult to the Governor Was Viynrnus/, Punished by Residents of Colorado, GREELEY, Coro., Oct. 17.—Scott Mar- shal, a colored hack-driver, was taken out of the city jail late last night by a mob, who gave him a coat of tar and feathers and then ordered him to leave town. Mar- shal is an ex-convict and of an ugly dispo- sition. The citizens of Greeley learned that he had insulted the Governor’s party on “Potato day,” last Tuesday, and though Marshal had been promptly arrested, that punishment had been deemed too light for the offense. 3 founa advisable, for the promotion of the l The offense occurred when General Kiee, l MERE MENTION OF THE MONROE DOCTRINE SCARES CLEVELAND NEARLY TO DEATH. aid to Governor MclIntire, requested the colored driver to move his team closer up so that the conveyance containing the Governor’s party might drive up. Marshal refused and let loose s volley of vile epi- thets in response to the, courteous request. | e TERRIFIC DYNAMITE EXPLOSION. Several Men Thrown a Distance of Fifty Feet, and Two Were Seriously Injured. NIAGARA FALLS, N.Y., Oct. 17.—A terrific explosion of dynamite occurred on the Gorge Railroad excavation here this morning by which two men were badly injured. A laborer was thawing out some dynamite in a pail of hot water when it be- came overheated and exploded, demolish- ing a frame boiler-house and throwing several men a distance of fifty feet. Harry Chapman was seriously injured and may die. An Italian boy was also dangerously hurt. SIX MEN WERE INJURED. Wreck of a Construction Train on the Long Island Kailroad. NEW YORK, N. Y., Oct. 17.—A con- struction train on the Montauk extension of the Long Island Railroad was wrecked at Napeaque Beach, three miles east of Amagansett, this morning. Six men were mjured, two of them probably fatally. The list is: Harry Rhodes, conductor, badly cut about face and body Collins of Eastport, a water-boy, terribly cut about the body, it is believed he will die; Charles Bennett, carpenter, skull fractured; Thomas Bennett, carpenter; Harry Payne, a fireman, and A. James, an Italian. They were all cut and bruised. S ey The Usual Pullman Dividend. CHICAGO, IrL., Oct. 17.—At the annual meeting of the Pullman Palace Car Com- pany, held to-day, over §25,000,000 of the cupital stock was represented. Directors George M. Pullman, Marshall Field, J. W Doane, Norman Williams and O. A Sprague of Chicago, Henry C. Hulbert of New York and Henry R. Reed of Boston were re-elected. The usual quarterly dividend of $2 per share, payable No- vember 15, was declared. ; Patrick | RIDE OVER THE ROAD | SHORT TRIPS ON A SAN JOAQUIN VALLEY TRAIN, MusIC GAILY MINGLES WITH THE DULL RUMBLE OF THE WHEELS. ALL BRANCH LINES TRAVERSED. PEOPLE FROM ALL PARTS OF THE STATE VIEWED THE WORKINGS OF THE S¥SPEM. STOCKTON, Car., Oct. 17.—Seemng is | believing. People from every section of | the State, and representative men, too, | viewed the San Francisco and San Joaquin i\'nlley Railroad lines in Stockton to-day and the vress reports of the operations of the company were confirmed from a per- sonal observa When the Odd Fellows’ parade dis- }bnnded on Hunter square 200 delegates, | representing every section of the State, | with their wives and friends, started for | the foot of Hunter street, where a San Joaquin Valley train awaited them. The | Valley Railroad officials here and other | prominent citizens had extended the invi- | tation for the trip early in the day and the | delegates gladly accepted the offer. The canton band also went along, and the n. {PROMINENT MEN ABOARD | | music mingled with the rumble of the | train as it moved over the newly laid track. | The big locomotive Claus Spreckels | hauled the train, which consisted of five | cars “‘packed’” with passengers. A run was made from the material yards on Mor- |all the branch lines. The visitors were also enabled to see the evidences of the active operations of the Corral Hollow Company along the channel. On the Valley road they beheld the gangs of workmen busy putting the finishing work on the switches, the long train of new cars, locomotives and recently estab- lished coal depot, where thousands of tons of coal are being stored for the construe- | tion trains. The material yards were close | at hand and so far as the terminal is con- | cerned they saw about all. People in | every section of the State can now say they have ridden on the San Joaquin Valley Railroad and looked upon the grades of the Corral Hollow line. Superintendent Wilbur of the road is busy distributing the rock ball ast received from Folsom. Last night the ballast-men had reached tbe corner of Hunter and Taylor streets. The street-crossings will also be macadamized by the Valley Road. Healy, Tibbetts & Co. are at work driving the piles that are to form the foundation for the center pier of the company’s steel drawbridge across Mormon Channel at Edison street. The cement will be filled | in after the piles are driven and the ma- i terial for the superstructure arrives from | the Carnegie Company in the East. A | solid foundation was found after sinking | through the hard pan. North of Mormon |.Channel the Valley grade has been leveled off and is now ready for the rails and ties. All is activity along the line of the new | road. Shipments of material are going | forward daily for the bridge across the | Stanislaus River. Altogether thirty-eight | carloads of piles and bridge timbers have | gone forward for this purpose. The writ of injunction has been served on the Corral Hollow Railroad Company to prevent it from building its road across the Southern Pacific Company’s track near French Camp. The Daily Record of thiscity has secured M s g '0:4 i iy, LOADING THE BIG TIMBERS FOR THE STANISLAUS RIVER BRIDGE AT THE SAN FRANCISCO AND SAN JOAQUIN VALLEY ROAD MATERIAL YARDS IN STOCKTON. [From: a photograph taken for.the “Call.””] mon Channel to Bast street and back over;| and will publish to-morrow morning inter- views with fifty leading merchants, bankers and business men of Stockton, showing the condition of business at pres- ent, contrasting the same with the cor- responding period of last year and fore- casting the future. The interviews show that there has been a marked revival of trade and a large increase over 1894, and a decidedly encouraging outlook ahead. The stimulating effect of the San Joaquin Val- ley Railroad is shown clearly in the fact that nearly every man ascribes the increase of business to the building of the railroad. It is the general opinion that the Valley Railroad will cause brighter times 1in Stockton than ever enjoyed before. BAKERSFIELD, Carn., Oct. 17.—The Valley road right-of-way committee re- ceived some data this morning from Chief Engineer Story to enable it to go to work securing a right of way through the coun- ty. As to the depot grounds, his letter stated, it would be a matter of future con- sideration. The committee has called a meeting for this evening in the directors’ room of the Kern Valley Bank to consider matters. MET A MYSTERIOUS DEATH. Peculiar Circumstances Connected With the Demise of George Philip Roll. NEW YORK, N. Y., Oct. 17.—George Philip Roll, at one time Deputy Secretary of State of New York, met a mysterious death at his home at Highwood, N. J., on Tuesday evening. He was found at the foot of the cellar stairs unconscious and died in about half an hour without having uttered a werd. No one was in the house at the time except Roll and a woman, who, since their arrival in Highwood last May, has passed as his wife. There is a story that the couple quarreled and Roil was knocked down the cellar steps. The woman has a large bruise and several scratches on her face, but declared they were sustained in her efforts to save Roll from falling. She said that her name was Mrs. Lulu Van Zandt, but for five years they had lived together as man and wife, although not married. Her story is that while Roll was under the influence of liquor he stumbled and fell headlong down the steps. She tried to catch him and bruised her face in doing so. The: woman is said to be the wife of Charles R. Northrup of this city, who last week commenced a suit for $10,000 dam- ages against Roll for alienating her affec- tions. Roll’s father was a wealthy real estate dealer. His share of his father’s estate was said to be $250,000. His wife and children are still living in this city. BANK- SECURITIES LOST, CARELESSNESS OF A KANSAS BANK COMMISSIONER THE CAUSE. ‘WHILE TALKING TO A FRIEND His TRAIN AND A SATCHEL OF VALUABLES VANISHED. Kaxgas Crry, Mo., Oct. 17.—Bank Com- missioner Breidenthal of Kansas has lost or been robbed of all the securities of the State Bank of Fort Scott, which failed on Monday and which he was carrying with him to Topeka. He arrived here last evening, and in changing to a Rock Island train deposited a satchel containing the securities, $120,- 000 in all, in a seat. Then he stepped off to talk to a friend. He left the train some distance, and when he returned to board it thetrain was gone and with it all the se- curities. He telegraphed the conductor to put all his luggage off at Topeka, butwhen he reached there an hour later over the Santa Fe he found only a note to the effect that no such property as he described was on the train. All last night and toeday he has been hard at work trying to locate the missing satchel, but up to a late hour to- night without success. HANGED TO A PINE TREE CITIZENS OF GEORGIA OBJECTED TO A PLEA FOR MERCY FOR A MURDERER. So THEY TooX THE CONVICTED MAN INTo THE WoODS AND LyNcHED HiM. AUGUSTA, Ga., Oct. 17.—A special to the Chroaicle from Hampton, 8. C., says: William Blake Sr., Jason Blake, Prince Graves and Wilham Frazier were con- victed this afternoon of the murder of Ray- mond Mears on the 9th of last August. William Blake was recommended to the mercy of the court and sentenced to life imprisonment. The other three were sen- tenced to be hanged on December 6 After the prisoners were sentenced it was evi- dent that there was dissatisfaction at the jury’s recommendation of mercy for Wil- liam Blake. As the constables were on their way to the jail with the prisoners, they were overpowered by a number of men, who took William Blake and carried him half a mile in the woods and hung him to alarge pine tree. Reversed the Decision. PITTSBURG, Pa., Oct. 17. — The Su- preme Court of Pennsylvania, sitting here to-day, reversed the 1ecent decision of Judge Simonton of Dauphin County, and declared the act creating the Superior Court of the State to be constitutional. Chief Justice Sterrett and Associate Justice Williams dissented, however. In his opinion Justice Dean decided that but six of the candidates can be voted for by an elector. Among other things Justice Dean says that the courts are without authority to revise the work of the State Legislature so long as that work is in strict harmony with the constitution. Bl AR Milwaukee’s Celebration, MILWAUKEE, Wis.,, Oct. 17. — Mil- waukee's semi-centennial celebration wound up to-night with a grand display of fireworks on the lake shore, witnessed by 100,000 people. The morning was given over to receptions at the new City Hall by the city oflicials at the Ptister Hotel by the viuitinf Governors and their wives, and at the Blankinton House arcade by the old settlers of the city. An industrial parade in the afternoon was composed of 300 floats -| representingthe industries of the city. FIGHTS WITH REBELS VENEZUELAN TROOPS ARE ENGAGED AT MANY PLACES, SPREAD OF REVOLUTION FEDERAL FORCES HASTILY RUSHED TO THE THREATENED DISTRICTS. SEVERAL BATTLES REPORTED, INSURGENTS CAPTURE AREU BY STRATEGY AND ORGANIZE A NEW GOVERNMENT. CARACAS, VENEZUELA, Oct. 17.—For a week the greatest activity has prevailed here, troops being hastily rushed in all di- rections. It isclaimed that a reyolution- ary expedition is now off Oruba preparing to land men and arms. Arms from Buenos Ayres are reported to have been landed on the coast Sunday. A renewed protest has been sent to the Dutch authorities at Curacoa against al- lowing conspirators against Crespo to meet and conspire there publicly. Already there have been fights at Coro, Valencia, Areu and Barinas, and a considerable revolu- tionary force is now reported as being near the city of San Carlos. The Government is afraid to send troops from this city as Tiots are threatened here and the troops at this garrison are reported to be mostly dis~ satisfied. President Crespo is afraid to move un< less surrounded by guards. His reorgan= ized Cabinet threatens to resign, which but increases the great disorder. Govern- ment officials call public attention to & claim that they have received news from the United States that the Government will sustain the Crespo administration. The question of asking for a protectorate by the United States over this eountry is being urged and openly discusseds At Area Monday morning at daylight Government troops were attacked and surs prised, and aiter a short but decisive coms bat the rebels entered the town, the Gov« ernment troops retreating pursued by the rebels,who were trying to provoke another fight. Colonel Mateo, who commanded the rebels, organized a new Government for Areu. At the same time another rebel force under Colonel San Martin® ate tacked Coro, but the garrison there drove the assailants back. Several more attacks were made during the day with the same result, but the next day at noon the rebels forced the troops to evacuate the town, many troops deserting and joining the rebels. On Tuesday afternoon there was a rising among the troops garrisoning Valencia, but after a stubborn fight the rioters were forced to leave the town, which they yet beseige, being re-enforced, The commander of the garrison sent re« peated requests here for re-enforcements, saying he would have to surrender unless aided soon. At Barinas on Monday the garrison mutinied, and, after locking the officers inside the guardhouse, proclaimed in favor of the revolution. Troops, it is said, committed many excesses, and are believed to have killed their officers. A rebel force of over 150 is now threaten< ing San Carlos. Their commander, Colonel Petri, says that when expected re-enforces ments arrive he will march on this city. The Mutualis Determined. LONDON, ExG., Oct. 17.—A dispatch from Beyrout, dated yesterday, says that there is much excitement Lebanon in owing to conflicts between the Druses and Mutualis. A number on both sides have been killed. The Mutualis, pleading that it 1s impossible for them to obtain justice from the Turkish officials, have assembled to the number of 4000 men, all armed, in the vicinity of Marghiloun to march against the Druses. For additional Pacific Coast news see Pages 3 and §a THE PRIZE WINNER, W. H. Miner’s INCOMPARABLE CHOCOLATES AND COCOAS WERE AWARDED FIRST PRIZE OVER ALL COM~ PETITORS AT THE MECHANICS' FAIR. SMOKE LaBelle Greole CIGARS, 3 for 25¢--10¢ Straight--2 for 23¢ ASK DEALERS FOR THEM. RINALDO BROS. & CO., Pacific Coast Agents, 300-302 BATTERY ST., S. F_,