The San Francisco Call. Newspaper, December 22, 1895, Page 1

VOLUME LXXIX.—NO, 4 . SAN FRANCISCO, SUNDAY MORNING, DECEMBER 22, 1895—TWENTY-EIGHT PAGES. PRICE FIVE CENTS. MEETING OF PRESIDENT AND SECRETARIES Future Aspects of the Great| Venezuelan Question Considered. TWO COURSES ARE OPEN. Findings of the Commission May Be Followed by a Boundary Proclamation. ARBITRATION THEN IN ORDER Senators Resume Discussion of Finan- cial Measures of Considerable Significance. WASHINGTON, D. C., Dec. tary Olney and Sec He long conference wi ent Cleveland to-day about the and future aspect of tbe Ver Mr. Olney and the Presid stood, discussed the apr Venezuelan ¢ sion Congress. Accord the resolution autho he commi n, the commis tain the t Venezu boundary between This, work so much more increases their responsibility. ish Guiana. It w. dent will adopt one of two courses. will either send the ings of w mission to Congress tained by the commis: “What would follow thi only be surmised, but it the President would use itfor the basi for another attempt to secure Great Bri ain’s agreement to arbitrat g any radical step, provided of course, ners. latter action can that the commissioners did not sustain the aims of the British to the dis- extreme cl; suted territory. Mr. Herbert’s talk with the President, it is understood, related visit of Rear-Admiral Bunce's squadron to the nity of the Venezuelan coast. It cannot be ascertained whether any change was“made in the itinerary. Admiral Bunce will have an interview with Secre- tary Herbert to-morrow on the subject. e APPROVED THE BILL. It Remains for the Commission to Be Appointed. ‘WASHINGTON, D. C., Dec. 21.—The President this afternoon approved the bill appropriating $100,000 for the expenses of the commission to inquire into the Vene- zuelan boundary. The executive approval was given to the measure as soon as the official copy reached the President. —_— SESSION OF THE SENATE. Several Significant Financial Propo- sitions Considered. WASHINGTON, D. C . 21.—There was nothing of a direct rlike character in the Senate discussion to-day, but there were several very significant financial propositions and declarations. The firs| these resolut offered by Vest (D.) of Missouri, directing the Secretary of the Treasury to coin the silver bullion in the treasury into standard silver doliars and to pay with them the certificates issued under the law of July 11, 1890, in purcha of the bullion; also to pay the greenbacks in standard silver dollars or in gold, using whichever may be most abundant or con- venient. Vest wished to have his resolution im- | mediately considered, but objection was made by Platt (R.) of Connecticut and the resolution went over for the day. A like fate attended a somewhat similar resolu- tion offered by the new Populist Senator from North Carolina (Butler), directing the payment of the interest and principal of the Government’s coin obligation in gold and silver as long as the two metals are on a parity, and in silver when that metal is below parity with gold. Ihe Presiaent's financial message of yesterday was dencunced by Senators Stewart (Pop.) of Nevada and Dubois (R.) of Idaho. That message, in Stewart’s opinion, proved that the President was panic-stricken; but all that the President had to do to sustain the National credit was to pay the Government obligations according to contract. “‘Let him announce that,” Stewart exalaimed, “‘and there will be no raids on the treasury.” Dubois also condemned the message and declared that it was *‘utterly, absolutely impossible to legislate financially in ac- cordance with the President’s recom- mendation,” and thatall that the message had’ done was to precipitate a tariff dis- | cussion. Nobody, he said, wanted to have bonds issued and nobody wanted m‘ha\"e greenbacks retired. He ex[_zressod bis be- lief that the Vest resolution would be agreed to on the next legislative day if a | vote upon it were not prevented by the President’s iriends. No action was taken on the President’s message, which President’s table. A greeting of the Federal Senate of Brazil of the United States Senate on “the worthy message of President Clcvelupd, which so strennously guards the digr?ny, sovereignty and freedom of the Amecrican nations,” was communicated from the State Department, and was read and Te- ferred to the Committee on Foreign Relations. The fortifications bill heretofore intro- duced by Squire (R.) of Washington was reintroduced with an “emergency clause,” making the appropriation of $87,000,000 immediately available 1f so ordered by the President. This clause, he said, was de- sirable “in view of changed conditions.” probable ment of the | 1thorized by | ) the wording of ected to ascer- of said to-day that when the report of the commission is received the Presi- | He | the com- ) a request for action, or else issue a proclamation declar- ing the true boundary to be that ascer- probable that n before tak- to the projected | remains on the Vice-| The holiday recess resolution, having failed between the two Houses, the Senate | at 2:45 r. x. adjourned till Tuesday next. Dt et FOUR BIUG BATTLE-SHIPS. One of Them May Yet Be Con- | structed Here. WASHINGTON, D. C., Dec. 21.—Secre- tary Herbert received a report to-day from the Board of Naval Burean chiefs presenting a consistent plan for increas- ing the naval establishment by four big battle-ships, in addition to the two al- ready provided for. It is said, in behalf of the idea submitted, that it is not based on the necessity for increasing the navy by reason of any critical aspect of the rela- | tions between Great Britain and the United States, but on the ground of economy of both time and money. The action of this board, officially known | us the board of construction, came about through its consideration of the bids sub- mitted by the great ship-huilding firms for | constructing the two battle-ships 5 and 6, | one of which is to be called the Kearsarge, | These bids were opened on November 30, d the bidders were the William Cramp Ship-building Company of Philadel- phia, Newport News Ship-building and Drydock Company of Newport News, Va., and the Union Iron Works of San Fran- cisco. In the bids for constructing the two vessels on plans prepared by the Navy De- partment the Newport News Company was the lowest bidder, with the San Francisco Sor ginia company did not make any offers for construction on plans pre- pared by itself, and in this class the Union Iron Works outbid the Cramps. In addi- tion to these the Cramps submitted a | novel bid, agreeing to construct two bat- tle-ships on their own plan,with armor for both, and also another vessel of the same kind, without armor, and all for the $8,000,000 appropriated by Congress for constructing and furnishing armor and armament for two. The other bids did not contemplate furnishing armor. Secretary Herbert turned over all the bids and accompanying plans to the Board of Construction for its opinion. It had been practically determined by this board to recommend the acceptance of the | bid of the Newport News Company for building one of the vessels on the depart- | mental plans for $2,350.000 and that the Union Iron Works be given an opvortunity | of securing the other by scaling its bid of $2,740,000 to a figure not so greatly at vari- | ance with the Virginia firm’s proposal. | Within the past few days, however, | there has been a change of sentiment. | This took the form of a more thorough | consideration of the Cramps bid. It was plain to the board, from the variance in | the bids submitted, that there was no | collusion between the various bidders, and it was shown that the bid of the Newport News Company was exceedingly economi- cal. After careful consideration the board | decided at a meeting to-day to recom- | mend to Secretary Herbert that the bid of | the Virginia company for constructing | two vessels at $2,250,000 each (a deduction | of $100,000 from 1its proposal for building one ship) should be accepted, that the Cramps and the Union Iron Works should also be given the contract for building two battle-ships each of the same class, pro- ided they scaled their bids to figures satisfactory to the Secretary of the Navy, the San Francisco firm being allowed to retain a reasonable amcunt above the Cramps’ estimates to make up the extra | cost of construction and the additional | cost of transportation of material to the | Pacific Coast, and, finally, that the Secre- | tary ask Congress for an appropriation to cover the cost of the four additional ships. As $8,000,000 was estimated and appro- priated as the costof the Keersage and | ber unnamed sister ship, twice that amount | would seem to be needed for the four now proposed, but it is likely that this sum £l will not be necessary in view of the econ- omy of constructing so many vessels at once. Whether Corgress shall be asked io pro- vide the increase remains with Secretary Herbert to settle.. In his last annual re- vort he recommended Congressional pro- vision for the construction ef two battle- ships and at least twelve torpedo-boats, and his estimates for these amounted to $9,638,383, Tl ety WAR TALK AT GOTHAM. | Military and Naval Men Appear | Ready for Action. NEW YORK, N. Y., Dec. 21.—New York | discussed the chances of war with Great | Britain last night in hotel corridors, clubs and meeting places. Even in the Tender- | loin the one topic of conversation was the | attitude of the Government on the Vene- | zuelan boundary question. The National | Guardsmen of the First Brigade are ready | to obey the call to arms. At the armories | groups of officers and men aiscussed the | situation. | At the Fifth-Avenue, Brunswick and St. | James hotels, and the Union League and Republican clubs, gronps of guests and members discussed the war problem, The drift of conversation was that British arro- gance must be checked now or never. War | was welcomed. At these places the opin- | ion was in favor of backing up the Presi- | aent. The opinion is general that in the | early stages of hostilities the principal cities of the country would be at the | mercy of the British men-of-war if the | antiquated coast defenses of the country and the navy bad to be depended on solely. 1 The country has no completed land forti- fications which could withstand assault. It has only one battle-ship, the Indiana, and three coast-defense vessels—the Am- phitrite, Monterey and Miantonomoh— | which could be counted on to render effi- | cient service in battie. Tberefore, while officers of the army and navy speak confi- | dently of the final outcome, they do not | attempt to disguise the fact that the United States would suffer-greatly at first if it were not that the country can rely on | the assistance of a strong anti-English al It 1s said that there are in the State De- | partment;at Washington cunfidential doc- | uments which are in the nature of a secret treaty with Russia, under the terms of | which the Czar's Government pledges.it- ! self to afford all possible assistance to the | United States in case this country became involved in war with' Great Britain. So far as is known persons outside the State Department have never had an oppgr- REPUBLICAN SANTA CLAUS TO THE CALAMITY HOWLER : “Shut up! There seems to be little doubt of its exist- ence, however, in some form. According to a report quietly circulated vesterday in Washington Minister Breck- enridge has recently inquired of the St. Petersburg authorities if they regarded the compact to be still in force, and has re- ceived an affirmative reply. It is further said that Breckenridge has communicated information to this effect to Secretary Olney. Officials at the State Department will not discuss the subject. Officers of the arm; and navy claim to have positive intelli- gence of the existence of an agreement be- tween Russia and the United States, and they attach great importance to the alli- ance. They say that, in event of war, the flower of the Czar’s navy would be sent to American waters and that the Russians would be delighted to combine their fleet with that of this country in a conflict with England. Officers contend that the confi- dential compact was made during the War of the Rebellion, and that there is evi- dence on file in the State Department showing that the agreement has been re- newed on several occasions since through this country’s diplomatic representatives at St. Petersburg. ‘With Russia’s best ships added to those of this country in service and undergoing completion, and taking into account the fact that Great Britain must maintain a’ strong squadron in the Mediterranean and Chinese waters, naval officers are of the opinion that the ailied flotilla would prove an antagonist not to be despised, even by so formidable a maritime power as Eng- lana. d The soldiers at Fort Wadsworth, Staten Island, were busy yesterday preparing the big steel gun for mounting 'on the new battery just completed. The new gun is one of five built at Watervliet arsenal for Fort Wadsworih and will comprise the most powerful battery in New York harboz. It weighs 144 tons, and will rest on a carriage weighing 2634 tons.’ It is one of the latest disappearing type, will throw a projectile weighing 400 pounds and will require 125 pounds of powder for each dis- charge. The remaining four are expected early next week. After the guns have been mounted it will be necessary to move the houses from the southern end of the fortification before they can be tested, as the shock from a single discharge would shatter the build- ings. It will also be necessary to remove the lighthouse, which has for many years stood on the southern bluff as a rang light for incoming vessels. v o THE FIRST BLOODSHED. An Unpatriotic Soldier Caused a| Lively Fight. NEW YORK, N. Y., Dec. 21.—A Sum special from Willets Point, L. I., says: The first bloodshed by soldiérs of the United States Engineer Battalion as a re- sult of the Venezuelan difficulties wet the floor of the company’s barracks here Fri- day night. Since the rumors of war with England began the matter has been the sole topic of conversation among the sol- diers. All along the silence of Private Edward Lang on the subject has been noticeable to the other soldiers. He is an Englishman. Last night when the 'discussion in the company’s quarters was at its height Lang, who was listening to the arraign- ment of England, became angry and ap- proached one of the gatherings of men and declared that he would not take up a gun against his native country for the United States or any one else. ‘He i§ said to have used oaths against this country for its action in the Venezuelan boundary mat- ter. Private Gustave Gluckauf, the com- pany tailor, considered Lang’s remarks insulting and determined to resent'them. Approaching the blustering Lnelishman the little tailor pluckily retorted: “You are an ungrateful cur. You have availed vourself of the sheiter and food offered by Uncle Sam in times of peace, and now when war seems imminent you would turn traitor, notwithstanding that you have sworn allegiance to the flag.” These words seemed. to cut, and- they were no soon.r utiered than there wasa tunity to peruse this important document. | clash between the two men. The English- There is no panic when I come.” and the two men clinched. struggled for some time, none of the other made. blood, and were well used up when placed under arrest. the barracks and were sentenced to one month’s blacklist. The origin of the fizht "Was nbt brought out by the evidence given at the trial, and it is thought that had it been the Englishman wonld have had a more Serious case to answer for. ) padose 0. % FEELING AGAINST ENGLAND. It Grows Stronger Hourly in Vene- zuela. NEW YORK, N. Y., Dec. 22.—The Her- | ald’s special cable from Venezuela says: The intense feeling against England grows | stronger with the lapse of time, and there is now a call on every hand for the mobili- zation of the army. There is every reason | to suppose the Government will give heed to the demand, and it is probable that a | special session of Congress will be called. A meeting will be held in the Washing- ton Plaza and another in that named after the hero, Bolivar. The daelegation of citizens will also visit Mr. Thomas again | to reiterate the unanimous acceptance by Venezuela of the policy adopted by the United States in the boundary dispute. The merchants will also be urged to boy- cott the English. The Venezuelan Cabinet has discussed the boundary question at great length. The gesult of their deliberations yesterday hasmot yét been announced, but many rumors are afloat as to their probable action. e HIS POLICY APPALLING. Hall Caine’s Opinion of the Presi- dent’s Message. LONDON, Exa., Dec. 21.—In response to ‘a request by a representative of the United Press for a statement of his views regard- ‘ing President Cleveland's message and the Venezuelan question, John Bartlett of the Nicaragua Canal Company expressed re- gret at the wild expression of war feeling in the United States. He said, however, he believed good sense would reassert it- self, It was difficult to see, Bartlett de- clared, how the Monroe doctrine could ap- ply to a dispute regarding boundaries in South America and afford President Cleve- dand a pretext.for firing a gun, the recoil of which wouid hurt more than the discharge. The panic in Wall street, Bartlett said, was serious, but the worst was over. An interview was also secured with Hall Caine, the novelist, who only recently re- turned from the United States. In the course of the conversation Caine said he had met President Cleveland personally during his visit to America and that the President’s message to, Congress in regard to the Venezuelan affair was the last thing he would have expected from him. The strongest impression left on his mind regarding Cleveland was that he was a man of high integrity ana dispassionate judgment, and he, therefore, must refuse to believe that this step had been taken with an eye to the President's personal advantage, such as a third term as the chief magistrate of the Nation, or with the purpose of serving bis party by making & cry with which to go before the country. ‘I feel confident,” said Caine, “‘that Mr. Cleveland was actuated by patriotic mo- tives alone; but nevertheless think his policy appalling. I do not for a moment believe that there can be war between the United States and Great Britain. I saw during my stay in America not the faintest trace of what is called the ‘anti-English spirit, and there is no anti-American feeling in | which occurred in the Senate when the President’s message was announced befoge that body must have been made in a mo- ment of patriotic intoxication. g “‘Any such action would have been im- possible in England. ‘The war feyer will eventually subside and the only disastrous effect remaining will be that Mr. Cleveland himself will suffer. His name, so long soldiers interfering, except when an at- | tempt to grab weapons ffom the rack was | Both men had lost considerable | The men were tried to-day for fighting in | England. Such a demonstration as that ; man Janded a blow on Gluckauf’'s nose, | honored in England as the best of Ameri- The two | can Presidents, will have gone down im- measurably, and mean and impure motives will be attributed to a man who is con- stitutionally incapable of meanness or impurity. In fact the whole thing is so utterly unlike President Cleveland thatone almost feels that he must have undergone political hypnotism.” ——— TO ACT AS ARBITRATOR. Italy Has Offered Its Sarvices to England. PARIS, France, Dec. 21.—The Temps publishes a dispatch from Rome saying that Italy has offered to act as arbitrator in the Venezuelan matter. England, the dispatch adds, has not re- plied to the offer. AMONG THE WORKINGMEN. British Subjects Who Care Little About the Dispute. LONDON, Exg., Dec. 21.—The represen- tative of The United Press has essayed to ascertain the feeling regarding President Cleveland’s message in the workingmen'’s political clubs, on which feeling the poli- ticians here rely when organizing popular demonstrations. These ciubs, though numbering their members by the tens of thousands, remain concealed from public view until there are periods of agitation, when party wire-pullers find 1t advisable to foment excitement and supply funds to call out the masses. Funds alone, how- ever, would not evoke processions in Hyde Park nor enthusiastic crowds in the great halls. The workingmen’s clubs can only be manipulated on the lines of their own tendencies. Selecting four of the most notable of these clubs, the inquiries of the United Press representative revealed the fact that there was an entire absence of excitement, and only a mild interest in the situation. While keenly alive to home politics, the average telligence of the workingmen who are members of these clubs does not extend to Great Britain’s foreign relations. The Monroe doctrine, especizlly, is a hiero- glyph to them, but they are sympathizers with America, and their belief in the jus- tice of the American Government is pro- found. To sum up the result of the con- versations had with several of the best in- formed members of the clubs, it may be saig that the opinion is that the men must leafn more about the causes of the quarrel before there will be the smallest chance of their responding to party appeals fora demonstration for or against the Govern- ment. The recoenition of the primary neces- sity for the spread of information on the subject has led the London weekly papers, which have a purely popular circulation, to set themselves in their issues of to-day to enlighten their readers. One of these papers, having ‘a weekiy issue of 700,000 copies, preludes 1ts article with the admis- sion that many Englishmen will learn for the - first time, through President Cleve- land’s message, that Great Britain hasa boundary dispute. with Venezuela, which it then proceeds to expiain. The article concludes with an' attack on Mr. Cleve- land’s action as calculated to bring the principle of arbitration into contempt. Another of the papers which has an enormous circle of readers in the operative and manufacturing centers likewise ex- pounds the Monroe doctrine and then up- holds President Cleveland as being in the right in insisting upon arbitration. It, however, denounces the ‘“arrogant preten- sions of the United States that in no part of America shall any one set foot except with the permission of the curious gang of corrupt politicians in Washington.” The paper adds: *“Grant Ireland home rule and we shall hear little of the Monroe doc- trine.” Another Radical workingmen’s paper houds that it is impossible for the public to support a war on the question of the boundary of British Guiana or of teaching Uncle Sam better manners. It recalls how Lord Palmersion played the ‘“‘Jivis Ro- manus Sum”’ doctrine for all it was worth to get well with the crowd when his name was ill-smelling at court and among his colleagues. ¥ FINANCIAL - FOUNDATIONS REMAIN - SOUND. roe doctrine in a similar manner as the last dodge of a beaten party to raise smoke and drown a stench. The most notable feature of the articles in these and other papers of the same class—Conservative, Liberal and Radical alike—is the consensus of opinion that Great Britain cannot submit to the humi- liation of accepting President Clevelana’s demands. Americans who are accustomed to rely on the well-balanced views on American affairs heretofore published in the Liberal organs here must be astounded ut the ex- tremist pro-Salisbury tone of the Daily News, the great Liberal organ. Itis told above whence the Speaker drew its inspi- ration and how mistaken it 1s in its inter- pretation of the dominant sentiment of the Liberal party. This sentiment is better found in the opinion of the National Lib- eral Club. Personal associations count for much that is appearing in the News. Its man- aging editor, Sir J. R. Robinson, its work- ing editor, Mr. Cleyden, and its chief leader writer, H. W. Paul, an ex-member of the House of Commons, are part of the coterie belonging to the reform club men- tioned. Sir J. R. Robinson, who chiefly guides the policy of ‘the paper, makes the club his social headquarters, The News has a congenial contributor in Lawrence Godkin of the New York Even- ing Post, whose cable shrieks, designed to | mislead English opinion, contrast badly with the balanced, cantions communica- tions sent to the imes from New York by Mr. Smalley. Mr. Godkin floods the Daily News with the wildest cable dispatches in | which he exaggerates the panic and de- clares that public opinion is deserting Mr. Cleveland. . Though the Armenian question has been shoved into the background by the | Venezuelan dispute the executive com- | mittee of the National Liberal Club is ar- ranging for a conference of the club to or- ganize a great public demonstration in | favor of the Armenians on the eve of the reopening of Parliament. ENGLAND IS WRONG. That Is the Opinion of General Guz= | man Blanco. - PARIS, Fraxce, Dec. 21.—General Guz- man Blanco of Venezuela said to a United i Press reporter to-day that it would be easy to prove that England was wrong in her dispute with Venezuela. When Sir Rob- ert Schomburg marked out the boundary line, he said, Venezuela protested against it, and England replied that the line was only a geographical one, and afterward removed the boundary posts which had been set upon Schomburg’s line. WORK ON TORPEDO-BOATS. No Time to Be Lost in the Con- struction at Seattle. SEATTLE, Wash., Dec. 21.—Robert Mo- ran, president of the company and a most patriotic citizen, is determined that the United States Government shall not have to wait one moment for the torpedo-beats the Seattle Drydock and Ship-building Company is constructing for Uncle Sam, and in case of war he says they can be built before the contract time. Draughtsmen have been busy for two months and practically all the preliminary work has been completed. Within thirty days of construction the hull of the tor- pedo-boat will be begun, and from that time on any intimation that an earlier completion would be pleasing to the Gov- ernment can readily be comphed with. In discussing the work to-day Moran | said: “In thirty days’ time we will begin work on the hull of the Government tor- pedo-boat for which we havethe contract. The preliminary work is about completed and the machinery purchased in the East for the job is near at hand. From time to time we have added to our force, until now it is over 100 men, and within sixty days the force will be doubled and every effort put forth to have the boat completed ahead of contract time.” il T BLUE AND GRAY PATRIOTS. San Bernardino Veterans Ready to Serve the Nation. SAN BERNARDINO, CarL., Dec. 21.— President Cleveland’s stand on the Mon- roe doctrine has created no end of com- ment in this city and surrounding towns. Party lines are entirely obliterated and patriotism is supreme. Old veteransof the late Civil War, both the blue and the gray, | are as enthusiastic as the younger genera- | tion, and last night Union Campfire No. 1 of the blue and gray held a large meeting and indorsed the President’s course and wired to Governor Budd, tendering him a full company of veterans in case of war with England. The younger blood is also well to the front and many are heard to heartily wish for a chance to go at England, and it is safe to say that in case of war San Bernar- dino could put between 500 and 600 men in the field at short notice. i b PATRIOTISM AT - FOLSOM. Citizens Organize a Company and Begin a Daily Drill. SACRAMENTO, Car., Dec. 21.—For patriotic Americanism, the historical min- ing town of Foisom heads the list 1n Cali- fornia. As soon as thenewsof Cleveland’s message to Congress on the Venezuelan question was received, the citizens raised the stars and stripes on their town hall and organized a company of over 100 men who have all pledged themselves to go to the front should war be declared. Not only have they banded themselves to- gether, but a regular drill takes place each day. | panicky tone had Pioneers of California can make oath to the bravery of the citizens of this little burg, and know that good acconnts would be received from the Foisom volunteers should they ever be called upon to fight in defense of tbeir country’s rights. They haye all declared in favor of war and patriotism is rife throughout Sacramento County. feoeve Al ACTION OF THE FARMERS. Cleveland Indorsed by the San Jose % Grange. SAN JOSE, CaL., Dec. 21.—At a meeting of San Jose Grange: this'morning resolu- tions indorsing ‘President Cleveland's action in the Venezuelan maiter were adopted. The resolutions will be tele- Mr. Cleveland, it says, is using the Mon- | graphed to the President, Check of the Downward Trend in Operations in Wall Street. PANICKY TONE DEPARTS. Prices. Go Lower, but Brokers Show Their Confidence by Cheering. SEVERAL FAILURES REPORTED. Financiers Hope That American Se« curities Cannot Be Depressed Much More. NEW YORK, N. Y., Dec. 21.—While lower prices were recorded for stocksto« day the feeling among bankers, brokers and speculators was distinctly better. The departed from the market and it seemed to be accepted that the worst was over. ‘When the gong sounded at 12 o’clock to stop business on the Stock Exchange the brokers, as at the close of operations the day before, set up a cheer. It was a hearty and prolonged one and expressed a | sense of relief and also a belief that the financial foundations, while shaken, were still sound. The expectation of exciting scenes in the speculative centers drew large crowds to the street. By 9:30 o’clock in the morn- ing, a half hour before the beginning of dealings, the galleries of the Stock Ex- change were so densely packed that it was necessary to station officers at both the ‘Wall-street and Broad-street entrances to keep back the pushing mass. Hundreds who were unable to gain admittance to the exchange stood on the sidewalks, and pe- destrians were compelied to take to the middle of the streets. The first sales of stock were at prices from one to nine points below the final figures of Friday. The nine peint loss was in National Lead, preferred. There was an eight point loss in Consolidated Gas. There was a steady fall in prices till 1L o’clock, when a recovery took place which lasted until just before the close. Then there was another moderate res lapse. Some of the principal net losses in prices were: United States Cordage guaranteed, 1014; Illinois Central, 81; Rock Island, 7; Lake Erie and Western preferred, 7; Louisville and New Albany preferred, 614; New Jersey Central, 6}4; Alton and Terre Haute, 6; Consolidated Gas, 6; National Lead, 5}4; Wheeling and Lake Erie preferred, 53; Chicago Gas, 5% ; Lake Shore, 5; Lackawanna, 43{; Met- ropolitan Traction, 414; American Cotton Oil preferred, 4; Pullman Palace,4; United States Rubber preferred, 3l4; National Lead common, 3); St. Paul, 3%; Sugar preferred, 3; JIowa Central preferred, 3; Sugar common, 23; United States Leather preferred 23¢; Bay State Gas 214; ‘Whisky, 214 ; Big Four, 2}4; Southern Rail- way preferred, 21{; Omaha 2, and Susque- hanna and Western, 2. Bonds, as a rule, were strong, and they generally closed considerably above the opening prices. The total sales of stocks were 314,958 shares, and the total sales of bonds at their face value were $2,097,000. The transactions were very heavy for two hours’ business. While orders to self were received from London at the start, they were soon succeeded by orders to buy ona large scale. It was estimated that the purchases for London account footed up not far from 40,000 shares. Two failures were announced on the ex« change, but they were rot considered im- portant. The notices of them were read while the advance was in progress and the improvement was not interrupted. The first failure was that of Hatch Bros. of 64 Broadway. The second failure was that of H. K, Burras & Co. of 7 Broad street. The firm of Hatch Bros. was composed of William D. and Horace Hatch and it was formed on September 15, 1892. Their liabilities were roughly calculated at $100,000. Their suspension was due to the shrinkage of values. Howard K. Burras had con- ducted the business alone under the name of H. K. Burras & Co. since January-1, 1890. He said that his failure was due to the refusal of a large operator for whom ha did business to respond to a call for mar« gins. The estimate of his liabilities was $200,000. Leo A. Feldman and Benjamin Fenton, the two “room-traders” who were sus~ pended on the Consolidated Stock and Pée troleum Exchange on Friday for not pay~ ing the aifferences against them on the Clearing-house sheet, did not make good the deficiencies at the expiration of twen- ty-four hours and were formally declared LEVISTRAUSS &CO*s COPPER RIVETED OVERALLS - AND SPRING BOTTOM PANTS. EVERY PAIR GUARANTEEM #OR SALE EVERYWHERE.