The San Francisco Call. Newspaper, June 3, 1896, Page 9

' THE SAN FRANCISCO CALL, WEDNESDAY, JUNE 3, 1896. - THE ROAD 1S WORTH TWELVE MILLIONS, So Swore Banker Thomas Brown in the Siebe Case. WOULD PAY THAT SUM W.]. Adams Fixed the Value of the Road at Eleven Millions. FREIDENRICH'S CLUB GONE. Yesterday's Testimeny Did Not Help the Case of the Railroad, but Hurt It. The Market-street Railway Company’s stock bears received a setback in Judge | Wallace’s court yesterday, when Banker wn, one of the b t authorities in countant Folsom and Secretary Willcutt ever could have been in their most diplo- matic moods. | After the noon recess Mathias Meyer | | of the Stock and Bond Exchange de- ‘scribed how a committee of three had Mr. Hellman had made the investigations | Pfe aPPointed o examiue inio the ap- 5 . lication of the Market-street Railway | on behalf of the syndicate, and his word | R Sa g | was taker as to the value of the bonds. ‘ Company to list ifs honds. All fhat was | Mr. Freidenrich asked if the net earn- ‘:2?::;::;:,‘; t:\vilell;:h%: tl}i‘:)'. gonds ?f = | ings of the company were $1,000,000 per | v i e ompany were $1,000, Per | change was that the management should | annum, the interest account $615,0%0 and | po honest and capable, and that the road <t ) [ the sinking fund $300,000 would the net | ¢,5y1d have sufficient earning capacity to earnings of $1,000,000 be sufficient to| oy the interest on the bonds. joperate the road. The witness replied | * (im0 w goceq Mr. CI et that it wordd. i hen,’’ aske r. Clunie, “if seven or “But»s asked M. Freidontich with a | ©EB honest and capable men should tl‘umn’hmtl .M Citite. 4t {n'ad | organize a corporation and should issue édi‘(' e ll;e eer at Mr. ‘mlfe.dl;“‘ ket :‘517,5(}0,000 of bonds, you would list the J o, road was oblized t0 Pay | ponds whether there was any property | $240,000 taxes, then there would be a defi- | pehind them or not?” ciency, wouldn’t there?”’ | “Yes,” replied Mr. Meyer. “Not at all,” replied the witness. “You | «Thatsthe way you do business on the have $1,000,000 net earnings, and thatis | exchange?”’ the excess over taxes and other expenses.” | «Yeg, | Mr. Freidenrich was equal to theocca- | “You didn’t inquire into the value of sion and asked what would be the case if | the property of the company ?'* the taxes were added to the interest and | “No, sir; I did not. 1t cut no figure at sinking fund account and taken out of the | all in the matter.” | $1,000,000, and the witness replied thatof | W. J. Adams, one of the directors of course the sum would be $240,000 iess. |the Market-street road, explained that he This mathematical revelation greatly | voted for the $17,500,600 issue of bonds instructed the audience. | with the understanding that all over Thomas Brown of the Bauk of California : $9,000,000 should be issued only for value said that the Market-street Railway Com- | received—in other words, for the con- pany was paying its stockholders a divi-| struction of new roads and improve- dend of 2){ ver cent, with the stock sell- | ments. At.that time the road was worth ing at present at from §44 to $45 per share. | $3,000,000 or $4,000,000 after deducting the | Assuming that the property were assessed ; bonded indebtedness of $7,500,000. That 2,000,000 this rate of dividends would | would leave the value of the property, in- IR Tuvet WALLACE, THE RULING | WITNESS O Br:en~ ANL MR FRIEDENRICH S vvAa S 5 INQUISITivE - \ IR ADAMS ON TrE DranND, SCENES IN JUDGE WALLACE'S COURT. the State on the values of securities, testi- fied that if he had the money he would d there pay $12,000,000 cash for the treet Railway eystem. \is was supplemented by tne state- ment of W. J. Adams, a director of the road, who swore that its value was from $10,000,000 to $11,000,000. Daniel Meyer, the first witness, said that in determining the value of the bonds he did not look as far ahead as 1918 or inves- tigate sinking funds. He looked into the iness of the road, and so long as the number of passengers did not decrease, and so long as there was no competing road, the bonds would be good. But tbe reverse of these things would render the bonds valueless. *In fact,”’ added Mr. Meyer, ‘“‘there isno intrinsic value in anything.” Then Mr. Freidenrich asked what would Mr. Meyer give for the bonds ‘or what would they be worth if they should be thrown upon the market all at once, and Mr. Meyer gave it as his opinion that they wou!d not sell for five dollars a share if half of the bonds were thrown upon the market. If the whole of the bonds were offerea for sale at once there would be a panic, and none could be sold. He took into consideration also the fact that the management was able, and had the confi- dence of business men. In reply to Mr. Clunie as to what he would think of the value of the bonds in case a new management should take con- trol which would be more obliging and accommodating to the public and which would be more popular, the witness said that he never knew the management of a strong corporation to be popular. It was not in human nature. Mr. Vining may have driven a good many people away from the road, but, on the other hand, Mr. Meyer did not think that Vining had been treated fairly. People would not walk two blocks out of their way to spite some officials. They ride in the cars simply because the cars are a convenience to them. If the road should pass out of the hands of the present management and into the Lands of entirely new people he would sell out as fast as he could, because the new managers might not be able to make so much money out of the road as the old management did. He never looked so far ahead, but took present values and pres- ent conditions into consideration. The fact that the road was making money was the chief consideration. A. Borel, banker, told how a syndicate of which he and Mr. Hellman were members had bought about $3500,000 of Market- street Railway bonds. He had not ex- ~mined into the value of: he property | be so much reduced that the stock would cluding the bonded indebtedness, cease to be of any value to the holders. | about $10,000,000 or $11,000,060. “The property, in my judgment, is| The witness was presidont of the Fer- worth from $12,500,000 to $15,000,000. IfI|riesand Cliff House road before the con- had $12,000,000 and the property Wwas|solidation. At that time the road was offered to me free of debt I should take it | running behind about $2000 per month. at that price,”” replied Mr. Brown in | It never paid a dividend to its stock- answer to a question by Mr. Clunie. “I| holders, and its entire bonded indebted- | conld duplicate it for $12,000,000.” ness was $1,700,000. The cost to build the He added that the franchise of the road | road ten years ago was $1,900,000, was very valuable, but he could not ex- Mr. Adams’ stock of knowledge as to press i ‘fipurea ralroad matters was very limited. For Mr. I'reidenrich made a desperate effort | jnstance, he was not aware that sucha | to break down the force of Mr. Brown’s | road as the Ocean Beach road existed. | testimony by asking whether Mr. Brown | Most of the roads that he knew were in a | would hold the same valuation at the end | gjlapidated condition. The witness did | of the thirty-five years, which is the re- | not think he had figured on the franchise maining life of the franchise. The wit- as a part of the value. | ness replied that by the end of that time s [ the City would bave largely increased in | , oot X -ciqentich tried to break down the | tut] a Eurl & evidence of the witness by asking him to population and property values would be | iy in getail his estimate of the value of augmented accordingly. But hedid not | & o particular roads which were tak look thirty-five years abead. He took the | ¢, 11 combine. The witness coeul\;nel: f!{m’e"tfif]“ under th: present condii do this, but he was positive that t:e tions. e management was able, an Y N | that was one of the favorable conditions. gfi:‘;;&fi?: s};:::mwglt’t;nafl:)u&; ol But the details of the management were | 611 000,000, Vel left to the manager of the road. It is a | " 7ho "witness thought that the entire high order of business talent. Chauncey E At N Depew received a salary of $50,000 because | o rier :;:“j;?%e:,ocl‘fif oo Auplioated | :x‘;:;er\ace;wecr:oglf{;::a;;:uih:;f;a é‘l’eev:: railroad builder and not an expert. | 3 4 R : In reply to Mr. Freidenrich as to why he | gentleman in the opinion of the witness, Yad tlaced the vi 1 5 | but be did not think that Mr. Crocker took | L2 Placed the valuo at 10,000,000 or $11.- | imivioh interest in'tho”general manage: | ooy men dt \cld be duplioated for et 25" | $7,000,000, Mr. édams re[_)!led that he must | “Then Mr. Freidenrich drew forth his | bave made a miscalculation. patent warclub. ‘When the witness was turned over to “Suppose,” he asked, “that all the stock | Mr. Clunie he admitted that he was not | of the company were thrown on the mar- | Sure whether it would cost $7,000,000 or ket at the same time; would not its value | $10,000,000 to reconstruct the road. In the next breath the witness said that be de—" | “ixcuse me,” interrupted Judge Wal. | he thought the road could be replaced for less than $7,000,000. | lace with outstretched hand, as if warding - | off a blow, “that is simply a matter of| *‘How much less?” was asked. common-sense. We know that if all the| ‘‘Idon’tknow.” Mr. Adams yielded to the corkscrew real estate in the City were offered for | sale at the same time the value would de- | 2gain and said that $3,500,000 of the bonds crease materially. The same would be | had beer experded on the system since true of every other kind of property. It is | the 1st of March, 1895, and that the road was that much more valuable. not a question for an expert; it is simply a question of common-sense, and there is| Richard O'Brien, clerk in the Tax Col- | no use in asking the witness that ques- | lector’s office, read a list of the personal | lom" property assessment of the Market-street A glad smile ran around the courtroom | Cable Railway Company. The total was and Mr. Freidenrich dropped his warclub | $1,027,572 and for the franchise $1,654,250, into the waste-basket. The case will be resumed at 10 o’clock Georze D. Willcutt, a son of Secretary J. | this morning. L. Willcutt, was asked as to his knowl- edge of the property of the company as shown on the books of the company. He displayed the same railroad diplomacy as did his father. He knew nothing as to any stockbook, and as to the vital issue before the court—the extent and value of the property—Le was as ignorant as Ac- at AHos MONEY NOT ASSESSED. Judge Wallace’s Agent Omitted It From the List for the Past Five Yeurs. The preliminary examination of As- sessor Siebe on’ the charge of perjury was resumed in Judge Campbell’s court yester- day afternoon for a few minutes. William Geiselman, Judge Wallace's agent, agan took the stand. He produced policies of insurance on Judge Wallace's personal property aggregating in amount $8999, although it was assessed at §1500. Hugo Herzer, chief deputy in the As- sessor’s office, produced the assessment books showing the amounts for which the Judge's real and personal property was as- sessed during the years 1891 to 1895, Attorney Baggett put in evidence the assessment lists of the Judge’s personality prepared by Geiselman and sworn and sub- scribed to by Judge Wallace before Judge Troutt for the years 1891 to 1894, He pointed out that nothing was said in the lists as to the cash in bankor on hand, although Geiselman’s books showed dif- ferent amounts each year, one year’s en- tries being over $3000. By consent a continuance was granted till this afternoon, when Attorney Bag- gett wiil produce other evidence, and prob- ably close his case. CRUEL DESERTION. Mrs. Dunean Campbell and Her Three Little Children Left Des- titute. Mrs. Duncan Campbell, 40 Minna street, told a pitiful tale of desertion and want at the Central police station yesterday. She had three children with her, the old- est four years of age. She said her husband, who worked on the water front, deserted ber three months ago. Since then she had been doing her best to support berself and children, but it was an uphill struggle and they were famished. *‘He treated me and our children shame- fully,” she “Every cent he made went for iquor and for many days we had scarcely anything to eat. e would often come home mights and wanta lunch be- fore going to bed and because I had noth- ing for him he would beat me. Since he left me I have gone among the German so- cieties, but they refused me aid. My father and motcer live on William street. His name is Antone Kiein, but he is poor and an invalid and my mother is sick in bed.” The children were turned over to Officer Holbrook of the Society for the Prevention of Cruelty to Children, who wili also look into the condition of Mrs. Campbeli’s aged parents. She will be cared for by one of the charity institutions and the police will look up Campbell and arrest him for fail- ure to provide. I ON THE FIRST D, Many Decisions Handed Down by the United States Court of Arppeals. Liability of Nationmal Bank Stock- holders Fully Defineéc—Hunting- ton Wants More Land. The United States Circuit Court of Ap- peals, with Judges McKenna, Ross and Gilbert presiding, wus in session Mon- y. No less than six opinions were ren- dered, principally by Judge Ross, the full bench, however, concurring. The most important case considered was that of Robert Wingate, receiver ot the Bank of Commerce of Tacoma, vs. George F. Orchard, a stockholaer in the defunct institution. The point involved was the right of a stockholder of an insolvefit National bank to offset an assessment by the Comptrol- ler of the Currenety with the amount of his deposit in the bank at the time it be- came insolvent. The District Court of Washington held that such a course was eminently proper, but the Court of Ap- peals, through Judge Ross, reversed the decision. After reviewing the National banking laws, the Appellate Court held that to al low an assessment against a stockholder to be offset by the amount of such stock- | holder’s deposit in bank, would be to make him a preferred creditor. The court further held that “if the amount of his deposits shonid equal the par value of his stock, the allowance of such an offset would be, in effect, to pay him in full the amount of his deposits; and if his deposits are less than the par value of his stock, the effect would be to pay him in full to that extent, whereas the other depositors would receive little or nothing.” Three years ago the Government insti- tuted suit in the District Court of Oregon to recover 218,000 acres of land in Mult- nomah County, Or., claimed by the Oregon and California Kailway under a land grant issued in 1870. The case was hesrd before Judge Gilbert, and a decision rendered in fayor of tne Federal authorities. Mr. Huntington it seems was not satis- fied with the verdict, and now the case is before the Court of Appeals for final de- cision. ‘The suit involves an old land grant of twenty miles on each side of the road on any site the company might select for aroad to Portland. The additional con- ditions, however, were never complied with, bence the suit. The judgment of the lower court in the case of Lon Engler vs. Western Union Telegraph Company was sustained. Tne plaintiff, it appears, was driving along what is known as the old Grand Prize road in Elko County, Nevada, when his horse struck a live wire beloneing to the defend- ants. As a result Engler was thrown to the ground, sustaining a compound frac- ture of the ankle bones of the left foot. The testimony was to the effect that he would be permanently lame. The case was appealed on the ground that the lower court was in error in in- structing the jury in the matter of the line being out of repair. The telegraph company also held that the amount claimed was excessive. The Court of Appeals, in a decision ren- dered by Ross, held that that body had no way of determining the extent of the in- jury further than what was found in the evidence, and would therefore sustain the lower court. Three other decisions of ‘minor im; Appeals will be in session the balance of this week and probably a portion of the next. ——————— AUCTION OF REALTY. Sale of a Miscellaneous Lot of Property by Easton, Eldridge & Co. There was a gooa attendance yesterday at the auction sale of miscellaneous prop- erties by Easton Eldridge & Co. A lot 50x100 on Ellis street, next to the Langham Hotel, was sold for $41,000; a lot 25x91 :2 at the southeast corner of Oak and Lyon streets was disposed of for $8950; the tance were also rendered. The Court of | | four French flats on Noe street, near Sev- enteenth, with Jot 50x95 sold for $8000; a lot 25x100 on the west line of Florida street, 234 feet south of Twentieth, broug‘xt $775; the residence at 2002 Golden Gate avenue, near Lyon street, on the lot 30x100, was sold for $4100; a lot 25x95 cn the southeast line of Folsom street, 125 feet southwest of Ninth street, was sold for §3325; two fiats on the west line of Sanchez street, 53 feet north of Eighteenth, with lot 25x100, sold for $3100; a cottage on the west line of Sanchez street, near Eighteenth, lot 25x100, sold for $2000; sixteen lots on 8an Jose avenue, Twenty-ninth and Tiffany streets, sold for different prices. 1'he corner of San Jose avenue and Twenty-ninth street, 26:814x 113, brought $2000; the corner of Tiffany and Twenty-ninth streets, 38:10}4x48, was sold for $2150. The remaining lots sold for from $500 *to $1000. VALLEY R0AD 70 - LINK TWO CITIES Arranging for Through Business to San Francisco. BOATS FROM STOCKTON. Fast Steamers to Handle the Freight and Passengers to This City. NEARLY INTO MERCED TOWN. Right of Way Complications Continue to Retard the Progress of the Road. Negotiations are in progress between the Valley road and the California Naviga- tion and Improvement Company with a view toward making a traffic arrangement whereby the Valley road would virtually have a torough line from San Francisco to Merced as scon as the road between Stock- ton and Merced is regularly opened for business. The steamship company ‘umed now handles all the construction“material of the competing railroad and has a number of boats lying idle which could be made immediately available, There will be am- ple facilities provided, not only for all the freight business that may be offered, but passengers will also find sepcial induce- ments to use this route between here and Merced and intermediate points. It is expected that when the railroad is completed and operated to Bakersfield ad- ditional boats wiil be required. These will have to be built and they will be fa st and commodious. Speaking of the matter re- cently a represent ative of the steamship company said that in the eventof his com- pany securing the Valley road’s traffic it would put on a line aof exceptionally fast boats. While the negotiations have not yet come to a conclusion the details have so far been discussed as to leave no doubt but the contract will ultimately be made. 1t is estimated that three boats a day, each way, will be required as soon as the Valley und Corral Hollow roads are in full operation. The latter railway has not entered into a contract yet, and it may conclude to handle its coal in its own barges. But 1t will also bring a lot of miscellaneous freight to Stockton, which will seck the company offering the best rates and the best accommodations. But three miles of track now remain to be iaid to bring the Valley road into the town of Merced, and it is expected to have this wo ompleted to-morrow. Progress in track-laying has been greatly retarded of Jate by a few obstructionists who are giving the road considerable troubie in securing right of way. All the complications relative to this have been settled into Merced, and the most impor- tant condemnation cases in Merced County, south of the town of Merced, will come up for hearing on Monday gext, and will probably be finally disvosed of. There is also one case in Madera County and another in Fresno County which are likely to hamper progress. ‘Were it not for these condemnation pro- ceedings the road would at this time have been much nearer completion. ermany is made of steel The wheel is 25 feet in_diameter miles of wire were used in its con- A fiywheel in wire. NEW TO-DAY. Forty Million Dollars of surplus is behind the guapantees in the new policy of The Equitable Life Assurance Society— and there are a great many guarantees. THE EQUITABLE AIFE ASSURANCE SOCIETY, 180 BROADWAY, NT. SAN FRANCISCO OFFIUE: Crocker Building, Market, Montgomery and Post Streets. e e v MOYARCH CYULE MANUFACTURIYG 00., 3and 5 Front St., San Krancisco. CHAS. BROWN & SO, 807 Market, Ag't. | C. F. SALOMONSON & CO., Twelfth and Franklin streets, Oakland, Agent. Bissmam ALL DISEASE IS CAUSED BY MICROBES. RADAMS MICROBE KILLER IB THE ONLY REMEDY YET DIS- covered that purifies the blood by killing the microbes in the human body without injury to the system, hence it cures ALL DISEASES. This has been proven in the District Court of Travis County, Texas; Supreme Court of New York City, and Correc- tional Tribunal of Paris, France. Pamphlets, Microscopical Examina- tions and all information 'at main office Mlll.lls HICROBE KILLER COMPANY, 340 Market St., San Francisco. NEW TO-DAY—DRY GOODS. OPENING WEEK —OF OUR—— Great Sacrifice CLEARANCE SALE! Intending buyers of Dry Goods or Cloaks will find it a DECIDEDLY PAYING INVESTMENT to take advantage of the PRODIGIOUS REDUC- TION with which we insugurate our Great Sacrifice Clearance Sale, the un= usual earliness of which enables those who are away on their vacations when it generally occurs to share with our regular patrons'in the EXTRA- ORDINARY MONEY-SAVING OPPORTUNITY presented, and we say ‘Ex« traordinary Money-saving Opportunity’’ advisedly, because it is not a sale of old, out-of-date merchandise, but is a genuine ciearance of NEW AND STYLISH GOODS OF THIS SEASON’S PRODUCTION AT GUTS TOFORCE THEN 00T SPEEDILY! LADIES’ CAPES! At 75 Cents. LADIES' DOUBLE CAPES, of tan, navy and biack cheviot, and Single Capes of tan, navy and black ladies cloth, neatly braided, no contrasting colors, worth $2, will be closed out at 75¢ each. At S1.45. LADIES' SINGLE RIPPLE CAPES of tan, black and navy ladies’ cloth, neatly braided, neck finished with ruching of ribbon and lace, worth $3 50, will be closed out at $1 45 each. At S1.75. LADIES' SINGLE RIPPLE CAPES of ladies’ cloth, in shades of tan, navy and black, neatly braided, worth $4 50, will be closed out at $1 75 each. At S2.95. LADIES' FULL RIPPLE SINGLE CAPES of twilled cheviot, in black, tan and navy, embroidered in contrasting colors, ruching of ribbon and lace, worth $5, will be closed out at $2 95 each. At 83.50. LADIES’' SHORT RIPPLE CAPES of black velvet, lined with twilled silk, neatly braided, neck finished with ruching and bow of satin ribbon, worth $6 50, wiil be closed out at $3 50 each. LADIES’ JACKETS! At S1.00. LADIES' JACKETS, made of plain and mixed cloaking; also small sizes in sealette; worth $4 and $5, will be closed out at §1 each. At $2.80. LADIES’ JACKETS of black, tan and navy broadcloth and serge cloaking, plain or trimmed, worth $7 50 and $8 50, will be closed out at $2 50 each. At $3.50. LADIES' JACKETS, made of tan, brown, checked and mixed cloaking, rippled back,, latest cut sleeves, worth $6, will be closed out at $3 50 eac! At £5.00. LADIES’ JACKETS, made of fine cloaking, brown covert cloth, tan and gray mixed, latest designs, worth $7 50 and $8, will be closed out at §5 each. LADIES’ SUITS! At $1.00. A great variety of ODD SUITS, including Bloomer and Outing Suits, in double- breasted and blazer style, worth §3 and $4, will be closed out at §1 each. At S1.S50. LADIES BLAZER SUITS of summer-weight materials, in medium and dark shades, worth $4 and $5, will be closed out at $1 50 each. At S2.50. LADIES’ SUITS, in blazer and Chesterfield styles, made of cheviot and mottled materials, in dark and medium shades, worth $5 and $6, will be closed out at $2 50 LADIES SKIRTS! .SO0. LADIES’ BLACK FIGURED ALPACA SKIRTS, all lined, finished with bias vel- veteen, worth $3, will be closed out at $1 50 each. At 82.50. LADIES’ BLACK AND NAVY CHEVIOT SKIRTS, all lined, finished with bias velveteen, worth $4 50, will be offered at $2 50 each. glealed or At $3.95. LADIES’ BLACK FIGURED WOOL SERGE SKIRTS, all lined, finished with bias or velveteen, with §6, will be closed out at $3 95. CHILDREN’S JACKETS. At 81.00. CHILDREN’S JACKETS, made of blue, tan and red checked cloaking, from 4 to 12 years, worth $2 75, will be closed out at $1 each. GREAT REDUCTION SALE! 20¢ BLEACHED TABLE DAMASK, 58 inches wide, good grade, was 35c a yard, reduced to. CHECK GLASS LINEN, 18 inches wide, heavy solid weave, that was 10¢ 61 a yard, reduced to. 40 3, DINNER NAPKINS, 21 inches square, bleached solid Irish linen, that K * were $1 50 a dozen, reduced toq‘ ..... 900 PURE IRISH LINEN HUCK TOWELS. extra large and heavy e 21x 1:’ > 44 inches, that were 22}4c each, reduced to P 20 TWILLED BLEACHED ROLLERING CRASH, 18 inches wide, Irich | 6! linen, well made, that was i02 a yard, reduced to 2 G BELFAST DOUBLE WARPED BLEACHED TOWELS, large size, well 81 made, that were i24c each, reduced to.................. B i P Al Pl 3(: CHECKED AND PLAIN CENTER RESTAURANT FRINGED NAP- 40 KINS, the large size, 16x16 inches, that were 60c a dozen, reduced to... C REAL INDIGO PRINTS, the best cloth, and all new and desirable, that | 4 were 814c a yard, reduced t0........... T R T C BEST GRADE PEBBLE DUCK TAILOR SUITING, broken cases, all de- 1 sirable, that were 15c a yard, reduced to : ;10 NOVELTY TAFFETA LISSE, in rich Dresden colorings, new and stylish, ”1 that was 15¢ a yard, 1educed t0. ... ............n. e (1C CRINKLED CREPON SEERSUCKERS, the real woven fabrics, full line 71 of styles, that were 1224c a yard, reduced t0........qoiueieruniainininnnes 20 BLEACHED PILLOW CASING, 46 inches wide, that was lzxcayni'd, 71 reduced to........... SRR TR 2 i© NOTTINGHAM LACE CURTAINS, nice styles, 3 yards long, fully fin- | 550 ished edges, that were $1 a pair, reduced to FINE LAMB'S WOOL WHITE BLANKETS, the good-grade family blankets, extra size, that were §7 a pair, reduced to $4.90 NOTICE—No samples of above given. Country orddrs filled in the most satisfac- tory manner, considering the probability of quick closing out of some lines. A second choice in selection should be given. LADIES SUMMER WAISTS. Gfssk i anier sommer Warrte, cc_;-xlx{;rising all the latest fashionable shapes in SILK AND WASHABLE FABRICS, wil e closed out at about half price. Market Stroet, corner of Jongs, SAN FRANOISOO.