The evening world. Newspaper, June 28, 1901, Page 2

THE WORLD: FRIDAY EVENING, JUNE 2s, 1901. LITTLE ROAD SWALLOWED UP. ~MARQUAND & CO.'S $6,000, 000 tee kicei-biel-i-t: Brokerage Firm ‘Firm Took l Up Half the : Pittsburg, Shawmut & Northern. (Continued from Firat lage.) RRR ee Rice teint Bonds Vice-President Vice-Premdent of the wrecked firm. -Frank 8. Smith, general counsel and a: “president, Angelica, | right, Fourth Vice-President, in charge} of coal sales, St. Mary's, Pa.; Henry M. Gouwh, Treasurer, Lewis &. Wilson, Secretary, New York; ‘MM. 8. Blain, General Superintendent, Bt. Mary's, Pa.; Henry 8. Hastings, Audi- and Charles II. Hammond, General Freight and Passen- ger Agent, St. Mary's, Pa. Whore the Rosd Runs. Mhe road begins at Cool Springs, in the\Penmeyivania coal flelds. It is des- tined\to extend, if the promoters’ ideas are realised, to Massadon, in the north- western part of New York State, and thence te an undetermined point on Lake rOntario. Its whole length will ap- proximate eight nundred miles. At pres- ent there are one hundred and fifty odd [the rich coal Meld» of Penn an outlet at t Merquand. & ell thelr bonda. faith in the road and attempted to carry them thamaelves, the time of stress came the | load was too much for them (o carry The securities are unllated avaliable to be turned Into ready canh, 98,000,000 More Bond “We have the other atx millions and we propose to hang ‘The failure of Mar- will omly cause ombarrneament, in nu way affect the ultimate aucorss ef the rail was that the: had too much | on to thom, auand & Co, tengenrary Sk to tide them Marquan! & © went to the wall pleasant notoriety, 1) Hrondwa: Estent of Road, (Phere are 154 milee jo amd five miles of narrow gauge road already bullt. Fonte of o “Prem Wasi Henry G. Marquand, | the militonaire father of Henry Young Marquand went to > port yeaterday nnd tald the firm's trou- ble before his father, FRANK B. POOR A ROYAL HOST. . of Marquand & Co. Hackensack, N. interests are ¢ nized the gas and electric Heht fe ap follows; ‘The finemeing of the road was put in charge of John Byrne, the President. How he did the job ts beat told in his own words to an Evening World re- porter to-day'at No. 160 Broadway. Prom Angelica to Eee “From Rolivar to “Wht at “Two and a half yeats ego our road was bonded for twelve million dollars, @ecured by the rolling stock, rights of ‘way franchises and all other aasets of “From Coreyville to Mt. htwoemty-three m “From Mt. Jewett to Claremont, “Marquand & Co, agreed to take half of our bonds and market them. Their ‘share of the proceeds would be % per cent., our share 75 per cent. Two and a half yéars ago they made the first pay- ment of two millon dollars. Later the dalance of four millions’ wae paid and they got their six millions in bonds. Says They W “The railroad is a splendid property -and ts bonds are as good as gold, One hundred and _Atty-eight SCANNELL and Hackensack, Vercen County Gae and Electric Light- ing Company, Handsome office buildings » butt In each town. dent of the Hnekep- ny and of the Hac He ts the h Claremont to Shawmut, fifty-one miles bullt, Aeleletetelte Phicbhirit kh biebeiishblbe bet and made many donations to the Hack- ensack Hospital, About a year ago he gave a dinner in * opera-house in the town, whica was by 309 men and which cost $1 CHECK “KITING” CAUSED FAILURE.|: Seventh National's Depositors Hope to Get 80 Per Cent. of Their Money—Stock- holders Lose All. ack ‘Trust: Company, of the Bergen County Ice which hae an extenalve plant at Boost twelve iniles b “franch from Centreville to the en miles bw Despite the proffer of $1,007,000 In cash INDICTED; CHARGED WITH CONSPIRACY. (Continued from First Page.) Board of Traste, « no with two band manda only a COMES TO WED BANKER THOMAS Kentucky Belle toMarry Head of Suspended Seventh National. mites of the! | tion with hie counsel, made the follow- Ing statement: “AML have to aay te that nothing im my condect tn the Fire Nepnet- ment warrants Au investigation of the Depar which f will ty to face my ace ly Juatify my nw There are two counts In the indict- ment charging Commissioner Scannell | with neglect of duty. The firat charges him with falling to insist that supplies for the Fire Department be purchased in free and open competition, The second count charges him with In each patrol wi an exquisite allver flask nlled with the | fire-water manufactured. Commissioner Scannell's in the purchase of the trotter The Abbot at Madison Square Garden| for $26.40) this apring. Marke was hia confidential arranging the detaila of the proponed match between The Abbot ; Lawson'a Doralma. pertaining to hin stable of trotters the Commiantoner allows Marks to speak for him with authority. indictment. Called upon to produce $1,600,000 demanded by LOUISVILLE, Ky., June 28.—Mlss Lin. Comptroller In all matter: tain plans, but will th a statement for unot determine our Dawes to make good an over-certif- Ham P Lee, Treasurer of the Loulayille a yet’ Clearing House, and drafted upon for mitted tha th reorean= y outside banks, enth National Bank found itself with only $405,044 In cash and $121,629 In available securities, The Penalty. ompanted by hish noon she will be marricd Miward Rusrell Thoman, for Marquand & Co. Commissioner found guilty of either of the offenses against him for one year or he may He replied he did through the agency of Marka The conspiracy charge 1s Incorporated in four counts. these accusations. rning the motives: which | 34 Edwin Gould to come to the WU Dick, No, That ts why it closed its door The outlook for stockholders a 20 Morningsfte avenue, The marriage was to fave heen solema- Louisville at Uride's wister, Was purely a inatter of friendship on uid for young Mr. The same punishment applies to the ‘The Charges, mindemeanor charged agninat Marks depositors is not encouraging. There ay ae st ‘the h would prin, Votham Onter, ‘Thomaa was expected to ar- rive here to-day with his. sister, bank's Toans, whi Commissioner sets down to lee than Marks entered into a conspiracy con- templating that the Commiasioner should | neglect his ofMfctal duty, evade the pro- vistons of the law and defraud the city by suppressing competition In the pur- chase of necessary supplies for the Fire } ft can be shown that the Commteatoner nealected nig duties he may be removed 1s due depositors a total of $4,127,- sgl polnts upon which ic pietale, of the Mr. John Fox, ry To meet this there is .he pr wired Wedtnesiny wt that the ilness of ta father, nd his mother would New York a = i THE RECORD OF JOHN SCANNELL. and collateral sums realized Its t Commissioner after the Marks to go to the concerns that trane- | acted busincss with the Fire Depart- ment and suggest to the heads of these | John J. Scannell ts one of the mont || ful men in Tammany Mise Tae baa ve Southern Pacific Southern Rallway sof the bank of this collateral fs vould call gilt-edg the right-hand man of within’ a few ta admitted ¢ positors will have to share # loss of | one million dolars. " have grown up together tn. poll- j ten and them ten deeper bond of sym! give him a commission on goods sold or do no business with 1 1 aos BS hy Wi ) SLUCCISA. Firm Tone, H However, Prevailed Despite Big Marquand Failure. BULLISH TONE AT LONDON. There Was n Dig Improvement In Americnn Shares, Stocks at London showed a complete recovery from the heavy tone which has been prevalent of late owing to financial troubles at London and Berlin. Improvement was noted throughout the Despite the announcement of another jarge fatiure in Wall street this morn- Ink, stocks ruled comparatively firm at} market und Amer! is displayed decided the outset and prices tended toward a! strength on the repiirehase of stock: higher level, with firmness in the Ainor- Aor the Berlin account. fean department at London, the potent| The trading was In large volume in factor in the improvement. Tradera!the American department, transactic had evidently antleipated the falture | tn over gtwonty Insues being and accordingly discounted it, as| AS co: remy it they placed an optimistic interpreta-| No%eq cetenging pantech Mon upon it rather than otherwise. This| ison common. Other stron, was shown in the iulgher prices at the tecture Grande were Bt. Paul, Denver & I ipeniiie. and Northern Pacttic preferre ins ranging from 1-2 to 3-4 4 Trading was, however, very quiet and es . At frequent intervals totally inactive. TheDNN heat. Market: The bulk of the trading was contributed! The wheat market ehowed decided * ies internationally Meted railroad | weakness this morning at the opening, stocks an the gains, too, were inoat| gue marked in this quarter. Atentson com- mon was in the van at a qain of 1 33, selling at #14. Union “Pacific. was benefited to the extent of 1-2 per cent, and Southern Pacific. wan age 6-5. pet Gent. ‘The balance of the ratiroat list benefited to the extent of 1-2 to cent. ing in the industrial shares wae in quiescent state, the on stock worthy of mention being copper, which whe minered down 1-2 nvint The local Traction ahares were active and erratte, Brookt. andie oklyn Rapid was up a Muytog in for th to lower cables. September was sold off to 721-2 cents, lower than last nigh! Unloading of the ocal accounts also wan a whakening factor. Corn opened vareiy steady. -New York's opening pr.ces were: Sep- tember wheat 727-8; December, 74 1-2: 3S; October, 73 1-5; September 1, offer Chicago'e opening tember or 5S cent 18 T8 to ts Deby . WE to MW det duly, suspended firm's york's cloning July account’ gave a decided impatus to At, 7 1-4 offered; wheat bricen late tn {hs Morning. These tran 2 Offered: Octoy + 2 3-4 bid? actions in ot val! @. forenoon were ee uy corn, jocks ani of | 47 tor the BM od feature jas the sales Sonn.” As 3-5 poms sens us als of Shicago’ closing pri. \e Counts” ¢ gan at San cagergen (pas We; July wheat, 1 1-8 to. 64 ht 11 4, ithe final Brice of of londay Neat September wheat, 65 3-8 bid. June corn, Tater, Mt fecovered to 4 on regular B. 13 did; Beptember The Pactfice and Grangers were the Se strong features ranging from 1 to Trading continu saies to noon 23,1 lowest Ngure to noon for the year. During the afternoon session’ trading was ausolut lifeless and prices showed no disposition to change elther way from the high figures. The only. movement of any consequence was a in thin rise at inte. gains lee Car Brenks Up a Dinner, ASHLAND, Pa, June %.—While the family of Mrs. Willam Lroderick wer. at dinner a earload of ice leaped from the track near by, crashed tnto the sum. mer kitchen and wrecked {t, the family barely o#caping. 2 Oren Eveni 144 BO WERY, “Bowery Savings Bank Block,” Bet.Grand and Broome sts.,north of Grand et. ” Station, west aide of street. * You can wear the finest & diamonds at half the price charged by expense burdened uptown jewellers if you pur- chase them here. ’ DIAMOND PENDANT. Bunburst containing 64 large, # pure white diamonds, blaze of fire, set so that gold jounting ees not how, worth $1, apectal me $75 fotld 14 and 18 karat Goid Seamless Wed ding Ringe our specialty. Prices $2 to $15. Quaitt No extra charge for gs during Summer till 7 Saturdays till 10, ¢ solicited. Mail orders filled, Sunday World Wants move the business world. « als. of 1 point ee Ontario & Wea: fetween 1 ‘clock the salen ere conaiderabty "inder DUN we: reftect- ing the stagnation | prevailini The cloning wan active, ohh best tures of the da: See tes Total males of t mee: ‘to-day were 335,- Get 20 shares, the lowest for the year. i Supply youreelf with one of The Closing Quotations. ‘They please factidtous men Open. a Ie as - town 38 i 8 as pa ‘Amer, Amar. ‘Amer. Amer, Ansronta Mining. Atoh., Top. T. pt, Dakinere @ Ohio « duced to $8.50 each, dome are fine mampte sul ef feshtunadle fabrics. tweeda, check wormeds, ete. chte, Cale; Chie” Term. @ Tr. EGEL Chia Term. & T Chie. @ Alt. Col, Southern Gol. Bouthern 24 pl. Conse. Cas eee HAMMERSLOUGH BROS, - RETIRING near. BUSINESS. CEO THING A CO CENT Sri: DOLCAR dy now to celebrate the Ie the world—exesting none. erackere roar and gun becaure they hold their work minutely (mitate: the thrifty, 4 : mm Twente to Pight-Atty We intend to confine ourselves in the near future to our wholesale *\ | business, and when our lease expires will close our retail department. ¢ We are therefore selling now our entire stock—high-grade, fashionable and thorcughly reliable—at 60 Cents on the Dollar. Several hundred of our finest $15, $18 and $20 smits are now re- from our wholemle department; others are mase from short ents They include black and dive serges, mriped and plald Mannely, gree $18 BLUE SERGE SUITS; $!8 STRIPED FLANNEL SUITS, $15 BLACK THIBET SUITS, $20 PLAID FLANNEL SUITS. tr matures jarimerslough's serxe sul; ALL NOW $8.50 : many unlined and) must price to $7.50. Ma merly $12, $156 and $ 16.50. ALL Now ret son “I! $22 serge suits, $16.50 Flannel suits, Ben’ iota st Hu] $25 Check suits 5 | $15.00 Flannel suits, fe 50 Disulling Gos. Su] $28 Black suits, ete. $12.00 Flannel suits, frie . a OPEN SATURDAY NIGHT TILL 9. Erle dee yt sesosztetyesiees FLEE ts oe SE Bt HAMMERSLOUGH BROS. 830 BROADWAY, San tr, 4 3 BING 4 A x 128 ~ 1i3® 2S IN 10% 106% 106 vy Do you watch our FYiday and Siturday special announcements? If not, you sbould do 20, && Gl auey are well worth It and make Interering reading matter repr B ERUIT BONHONS. A third edition of this exquisite confection. Lurctous at We and rich sugar cream, FRIDAY only %. 1U8 i6 NL SCLTANA RAISIN CREAMS. An atively now crestion ak 3o| with pure sugar acc formed into a most delectadi: 10¢e a 137, 20% 344 bey aay ay Onterio & 364 aay hardly be 100 pacific Masl 4142 ‘ Peopiere ie" figs AMMORTED 1A PEANUTS ea tee People's Gas WI SALTED VIRGIN! or, 1d 190 Pressel Meel pt. | VERY HIGH GRADE ONOCOLATES AND ONTONS OR a 1 Cu0co- ATES. A good ne void elsewhere from #9 to 40 conte ge pound yc. i. 240 EATIA ACE FRUITS. ad fancy |W ecser = 240 Syuthern Railway pl. Tet pf. APARBSEBSY: iexed Fre 54 BARCLAY ST COR wesr Bway. "29 CORTLANDT ST COR CHURCH FEET OG ity centaran the do estimate In a In support of these charges numerous specific acts of Marks and the Commis sioner are related. indictment states show that a number of firma Increased their prices trom 10 to 12 after Marks got his hands into the ¢ 5 one time they both occu told tn. soctety ymaa has sent t in Murderers’ Row tn the Tomtu. prisoner with them was Eiward | 1 Since that day ph have heen very close to each In the matter af) here {s little hope of a saved from the wreck thing being for the stock ated her with a #9 what the streo; when he killed Don-| The prospect of the bank's restun tion Is remote, A Taumultuoas Career. Beannell’s career has be 1875, he was admitted be treated for nas we can tn near Twenty Thint avenue The friendship « hell and Marks ix been for years, was appointed, Commissioner Sean- the stockbroker quanu & Co., tween the bank and age firm of Ma tne Commismtoner e had kiled hte an trotting and pac noid not inter. *, Perry Heath, here to- Marks had never rold a dollar's worth of goods to the; Fire Department of this city, although | he vag in the business of selling sup-| |to the small meetings in | worth 77,000, ectaligeringtarnt en his bank, ase of the bs When Comptroller Dawe the loan, he notified th His reason for |, Was the knowle firm of Marquand & “kiting checks’ «nee waa a Tamm. bank to can- fed his men with an | k Bank repudiated 4 was hin us utenant and | Seventh National Informed that Comminatoner | | are offtcially ge that the Scannell, Marks began to Ness, and to-day he gets It all, Fesents a combination of engine-manu- facturing firms and pus Of almost every j \Gepartment surplies. He gets n commission on every pound Ot, goods delivered to the Fire Depart- Tmaeit tn Greater New York. Wan grout love betwee immany Hatt te du: ational Tink for n 00 trom the afternoon of De: j thee and John Scannell were in thi he Seventh Na- check war pald, nt accurity for thi elson Cromw e dealing Jn tire which makes When Hugh Grant was elec who was said t Was an election on and feeling van nigh Donohue rhot wounded Florence Scagneil. John Boannell swore an onth that hey TO ‘previously dented and mortally Cromwell'« ot strong was the priv Narayan & Co. This that he was uj yus of the Seventh National Bank’ soundness when the certified check was unsuccessful itor tered Johnson's |, handsome and well Mort of his time is spent at Headquarters or the his wish gratified wh: ted, for Gilroy appol on him with} The frst shot from Seannell’s revolver struck He fell to the floor, and Scan- Manding over him, mMofe, shots Into his body, He was tried twice for the crime, [nome at Saratoga. reform wave of 1897 mwept him out of it. Nobby, Kant Mornen, The first man coneulted ubout his de- The ‘sires In the way of patronage when it Shree dury, disgqgreed, The second) found was assured that Tammany had been thnk I'd Ike to be Fire Commiantoner,”” first: Tammany holder of the greater cfty sworn in by Mayor Van Wyck. Scannell's aobbs He wan the TT SRR aera : ! Success Invariably follows in the; ty fast” harnegs track of the puney World Wants.’ Neeere aoerrs te We rarer |e ews gawe: VALUES Are ee WWEGlorie Sau The Matchless = of Bargains spread during our SALE oF te BELL CLOTHING CO0.’S STOCK will come to a close, The selling of this High-Grade Stock of Hats and Furnishings, bought by us for spot cash st of Produc ion, has been at such a rapid rate that we will be compelled to wind-up this sale in a few days. Thts is your, last chance to participate in th:s Feast of Remarkable Bargains. Clothing, Below * Pescac” Men’s Suits. $7.00 ALL-WOOL SACK SUITS, 10.00 BLUR SEHGK SUITS, fast color. 12.00 BLACK DIAGONAL 8UITS...... 16.0 IMPORTED WORSTEDS, now, 24.00 FANCY WORSTED SUIT: ‘Our uum High-Grade Butte ull portionate veduettons, > Furnishings. 10e, LINEN COLLARE «00... ; UNDERWEAR 00 FRENCH BALDRIGOAN 124¢.HO8E Ber SILK NECKWEAR (all” $8e. COLORED SHIRTS jée. SOFT BOSOM SHIRTS (colored), A SNAP. W. L; DOUGLAS SHOES 2.45. beara the well-known Ml the seorld over at Only enough for dow't delay, Trousers. OASSIMERES WORBTEDS ALL-WOOL CAB: MERES IMPORTED WORSTEDS .. 2338 and 2340 THIRD Avenue, 2.00 ALI-Woor. Downtown Corner, SUITS (30) dos.). ‘ABBIMERE SUITS. L-WOOL FANCY OHEVIOTS.. GE SUITS, now .. 6.50 IMPORTED WORSTED SUITS,... 2.95 1 The Stock of the Arcadia Straw Hat Works AT }% PRICE. DOYS' MATS... 10, .25, MEN'A HATS... BT, 4%, FINE DERBYS AND ALY! 127th Street.