The evening world. Newspaper, April 16, 1903, Page 16

MINE FAILS; TO ARRESTED. Young Man Who Came from Florida with $20 ‘and Won a Million in ' Wall Street Makes an Assignment, VIOLATED A COURT ORDER. erage Firm’s Creditors e from Out of Town to Collect Their Money but Get nly a Statement. % ‘Overton Paine, the young man who from Florida a few years ago and #& $20 note up to $1,000,000 and then the $1,000,000 back to $20, more or hrough the fascinating methods of fall street, filed an assignment to-day almost Immediate'y was arrested for | @oing it. {Paine was being examined in supple- tary proceedings before Justice mchard in the Supreme Court on an ler obtained against him two months by J. B. C, Tuell for an accounting im whioh Justice Gildersieove had he'd he was lable in the sum of $2,226. On the stand Paine admitted that he “had made an assignment for the benefit of his creditors and that the assignment had been field to-day in the County Clerk’s office. This was in-violation of the court injunction restraining him thom disposing of any of his property, @nd he Was promptly put under arrest, Much to his sunprise. Snid He'd Pay Judement. He was not locked up, but consigned to. the custody of a court officer, as he dhe would pay off the judgment in- of an hour. “He di: to and was re- offices are at No. §5 Broadway, ff hed ‘verte ‘Paine. Company, thea 4 sh ottices—| |. Overton Paine &, hold @ splendid suite, 0 Sprin, Hartford “and Worcester and 9 ot orming . ey es Fea la ST MN of the customers caine on. here remake Sure of it and found that mistal ¥ not doi business, Instea they had this statement pas The Broker's Statement. mar total Hadiiities of all kii the J. Overton ¥Patne Come of and J. Overton Paine will 90,000 306,898, hel wt, of the value ‘of ‘about a ke of the par value 200,000 from other ‘brokers about. 000 Due from cusctomers ab: 75,00) Other items 10.0.0 $696,808, Phe cause of our fallure is our in- ty to collect amounts due us or to ze on our asvets fast enough to eat demands against us, and w. wht It best to make a general as ent against us. to Make a general assignment in order to t all creditor: @ shall be abe to pay every just im in full, whe: reasons for our aesignmen vy losses in automobile and B: Stocks and factories, and our Mr ire for a long time has been the b ‘age business owing to ailers who have been attacking in the courts, two of whom have een convicted,’ Mara Tuck in Wall Street, struck nderea mn to the curb market with BSuger on a on he vg some more me At nd of the first day he nside of a year he had 8 seat on the Consolidated He cpened ‘u brokerage. of: wes still with him, He kept Ing, and swelling, until ‘the Con: por too small and he organizea Stock Exchange House, Beno er for a partner. ‘Ihe Sey to Mr. Schuyler be- ine sald, a “bull” clique’ Jealous of him. Any way, he puliea but Kept on with his brokerage busi- i for into many law sults. He was for the recovery of profits. He sald ing harried by his enemies. ago he retired from the Con- Exchange, but kept up a erage business of some sort. the firm. e being changed to the Paine Com- troubles accumulated oney kept getting away from him and Ww comes his assignment f - agell Palne/s Comment, Paine was arraigned before fice. Blanchard und eld in $2,000 ball, lawyers were arguing over mount the accused turned’ to an ing oWrld sogoriar, and with hi eyes, sparkling behind rimless eome funny ¥. for me to be here | ling over @ y when only pare ago T’ deposited to my own in the Bank of the Btate of tg um of of $2,400,000, and that, d ir day Fhy, I had in one day sheets that ever went Arh uN drew g Mine talked as giibly about hun: Whousands and miilons as n man would of dimes and nick- and his oo, the six to the the ten oat id. ‘a year slr ‘ot HF Rayner © firm, They owe of yt mallion; yes. more collect from Roberts, Thave a suit t WALL STREET SMALL TALK AND DOINGS OF FINANCIERS QMarshall Field, who has returned from a six weeks’ tour through the Far West, firtis best“Assurance of substantial and increased trade and prosperity in the promise of an ynprecedented season of good crops. In his opinion the decline which has taken place in the stock market has brought prices at levels normal and commensurate with conditions and true values. He announces himself a Great bull on the country. Persons close to the younger members of the Rockefeller family are at painal to circulate the information that neither John D., je., nor Wiliam, jr, has any connection with the bull pool in Leather common, The theory gains ground that the pool Is of the bobtall order. It 1s reported that 62,000 shares of Baltimore and Ohlo stock suppored to have been permanentiy lodged in Londun came back to America on Tuesday's steamer. |Market Has a Healthy Tone and CHOICE STOCKS IN GOOD DEMAND. Leaders on the List Show Gains, Although Prices Varied During Day. Ing money at the rate of 10 per cent, on that statement they base the argument are worth a great deal more money than Frederick B. Schenck, President of t caused by the death of Gen, Samuel Tho! to Europe on a pleasure trip. ‘Texas and the Chicago, Rock Island and The St. Issue $1,500,000 additional stovk to pay for It is reported that the directors of the of new stock withth the coming week, J. M. Sheets, the chief counsel of th Valley. ing Valley Central, stockholders aa individuals Consolldated is called, by Inviting the off tion to attend the dedication exercises Friends of Northern Securities say that the constituent companies are earn- elected a director of the Bowling Green Trust Company to fill the va¢ancy Qharles A. Coffin, President of the General Electric Company, is on his way W. B. Leeds has been re-elected President of the Chicago, Rock Island and Lowls Car Company has bought the Laclede Car Company and will Northern Securities decision does not apply to the Hooking valley nor to the Toledo and Obio Central Radiroad, as it has never been shown that the Hocking ag a corporation, owns the Toledo and Ohio Central, although the Hock- The Stock Exchange authoritles complimented. the “Little Board,” as the recognition the Consolidated Exchange ever had from the “Big Board,’ {GATES WAS IN EVIDENCE, the entire $40,000,000 capitalization. On that the assets of the holding company The stock market in many respects the market price of the stock indicates. Was quite identical with that of yester- day—weak at the opening, strong and higher in the middle and declining the latter part Of the session, with 4 rally at the close, he Mercantile Nationa! Bank, has been mas, Along about moon it became no!sed about that John W. Gates had been given charge of a bull campaign !n ‘Frisco, The common stock was bulged up to 89 7-8-a gain of 3 7-8 over yester- day's close. This gaye color to the story, The professional element helped ‘the market up during the advance, and then turned and poured an avalanohe of stocks upon the bidders, breaking the price a point or more. Later it was pushed to 70. Gulf Ratiroad. the property. Procter & Gamble Co. will tssue $750,000 Sugar, which had been conspicuous!y strong during the morning, lost 1 14, and Amaigamated Copper suffered a loss of 1 point on disappointment oyer the dividend, which was the same as before, viz., 1-2 of 1 per cent. for the quarter, or at the rate of 2 per cent. per annum, which is regarded as a very meagre re- turn on a mining stock ¢ Ohio Central Railroad, eays that the own the stock of the Toledo and Ohio iclala and directors of the minor institu- and banquel. ‘This ts the first official ‘The traction stocks were given hearty support by the inelders until well along COTTON BULLS FEAR A BREAK, Heavy Shipments from New Or- leans and Liverpool Threaten the Sully Corner and They Soll. May cotton dropped 12 points in the market to-day on news that 100,000 balgs of that option had been shipped for this port from Liverpool, and that a similar consignment was on its way from New Orleans. The bull clique got this information In“advance pf other trades and fearing their corner might be broken, immedi: ately began to sell, the slump following. The usual factors in’ the speculation of the day were missing, as the Liver- nool markets were about unchanged and the favorable weather {n the cotton belt was offset by the small receipts at the ports. The movement continued to swell at interlor points, however, without the support of a spinning demand, The battle, therefore, was between the bulls and the ears, with conditions silght- ly favoring the latter, quite active, The trading wae the af- ternoon quotatio# April, 10.33; May, August, 9.49; Septembe: Sovember, 8.40; December, 8.38, losing prices were: April, 10.27 | 10.82 to 10.8%; June, 9.92 to to 9.93; August, 943 to 40; 5 to 8,76; October, 8.49 to 8.50; November, 8.87 to 8.89; De- rember, 8.86 to 8.2 Market closed barely steady, LOANS SHIFTED ON N S. STOCK. Owners Required to Fortify Thi Securities Have to Turn Borrowers, It transpired to-day that there said that ther is as much more scat- tered about Owners of the stock have within the last day or two been reauired to for- tify these securities with additional increase in cash margins. who usually have Immense sums of money to loan in the atre borrowers on an ex theheavs week was for account of these people, It is the talk in the financial qui hat the life Insurance companies cen drawn upon heavily toe ‘oup of very rich me) m auufle'ttirn aid mee thempel ved in mh ere was en abundance of collateral Ot the very hixheat tary searcity 0) siaas but a momen- LONDON STOCKS WEAK, ame Other Seeurities Heay>. Stocks on the London Exohange were ther weak to-day, Americ! shares shone Sentinne Ee The Metropolitan Measure, De- PLAN TO FORCE IT THROUGH. politan measures pending In the Legis- lature, was reported favorably to-day by | over the swift procession of traction do- the Senate Committee on Railroads. No. noon when he killed, and darted across the track in the mid- dlc of the block, ‘by the fender, which, 116 West condustor, Lexington avenue, were arrested, collateral and also with a substantial )% ce This has compelled several financiers in the day, They, too, yielded some- what to the pressure, but not as much as many other Issues. The highest point reaches! for Brooklyn Rapid Tran- sit was 65 6-8, a gain of 1 point from the inside fAgutes of the morning. The best Manhattan could do was a 3-4 gain. Metropolitan scored a feeble rally of 1-2 point, which was not held. Tho stock of Metropolitan Securities Company broke, to 108, a loss of 2 1-2 from yes- terday. WILCOX CRAB BILL RUSHED. The most notable feature of the mes: nounced in Mass-Meeting, Re- |ulation in traction stocks was the heavy buying by the Wormsers, who have been Ported Favorably by Senate |nersistent and aggressive bears on @ THE WORLD: THURSDAY EVENING, APRIL 16, 1903, LL THE LATEST NEWS OF THE BUSINESS WORLD. WOULD COERCE STOCK EXCHANGE a Camille Weidenfeld Seeks Court Reinstatement. WEIGHTY BRIEF SUBMITTED. Armed with a “briet* pages Herbert R. of 265 printed IAmburger appealed for a mandamus compelling President Rudolph Keppler and the Board of Gov- ernors of the New York Stock Exchange to restore Camille Weldenfeld to the seat from which he was ousted on charges Feb. 24. The lawyer sald that the seat had been honorably occupied by Mr, Weild- enfeld for twelve years, and was worth $80,000 In cash. He declared that in vio- dation of all the rules and regulations of the exchange Mr, Weldenfeld had been summarily suspended without a fair trial. That the Board of Govern- ors were both his accuserd and judge: the charges being framod by thelr coun- vel, Carter F, Ledyard, with the ex- press purpose of suspending him, The charges grew out of Mr. ‘Welden- feld's connection with the Peter Power sults to stop the Northérn Securities Company merger, and that Mr. Welden- fel entered ‘ato a conspiracy “to yex and haras*’ the persons interested in carry!n, forwani tho merger for the Purpose of extorting money as a condi- tion of discontinuing his opposition to their plans. Mr. Limburger said that the Board of Governors woud not allow Weldenfeld time to get important witnesses here from the West, and snapped judgment upon him; that the charges were false, but Weidenfeld was not given a fair ohance to shaw it. Messrs. Carter and Ledyara opposed the motion. Decision was reserved. Camille Weldenfeld scription of his trial before the Board of Governors, He says he was com- pelled to sit In a high chair, a sort of prisoner's dock, apparently, or stool of Tepentance, and when he asked permis- sion while examining witnesses to. sit at a table for convenience in condult- ing his papers or taking notes his re- quest was denied, He says the wit- esses ‘sat with ‘thelr backs toward him. He says he was constantly inter- rupted, and’ witnesses were. forbidden to answer many of ‘his questions. He was excluded from the room while his ves an odd de- Metropolitan for months, These brokers Committee on Railroads. stood ready to take all offerings, and #0 anxlous were they to buy that they ° not infrequently bid an 1-8 above the market for round lots of 5,000 and 10,000 sbares, (pects! to The Evening World.) AIMSANY, April 16.—The Wilcox grab bill, the m sweeping of the Metro- the Wonmsers are taking advantage of the agitation over traction issues to cover an immense outstanding short Hne. The Street is somewhat confused velopments embracing half a dozen dif- This is the omnibus bill which revives | ferent phases. The Amory investigation old franchises and carries the chief pro- | proceedings are not the least of the dis- visions of the Goodsell and other bills | turbing incident, although denounced at the big mass-meeting in| for the moment has the middle of the New York. the strike stage. To-day's action indicates the intention of the grabbers to force this bill through in the last hours of the session. ELECTRIC CAR KILLS LITTLE BOY. Five-Year-Old Charles Willlams Was Crossing the Street When Struck Down, 1 Charles Willams, Colorado Fuel and Iron, after opening at 66 1-2, an advance of 1-8, early to-day took a sudden jump to 60 3-4 this after- noon, making a gain of 6 1-8 per cent. ‘Northern Securities were dull ot-day and fluctuations were in a range of about 1-2 point, This stock ts meetin, with some support from London as wel as from ineiders ait home. The money market is working easier apparently. The prevailing call-money rate was 4 to 4 1-2 per cent. and time Money was offered in abundance, The Sub-Treasury ia making heavy payments on account of pensions, interest, &c. The banks are also gaining on the movement from the interior. five years old, of 7il Amsterdam avenue, was cross- ing the street pear hs home this after- vas struck by a car and The volume of business on the Ex- change 1s diminishing und excitement is mearurably subsidin; eee The Wheat Market, Under active selling for long account and weakness at Liverpool wheat had Weak opening to-day. May was down 1-2 here and 1 in Chicago on first sales, from which there was a subseq quent small rally on scattered covering. Cor was in aympathy with wheat, declining to the extent of 1-4 loss, with dulness The child wae on his way to sohool, He was knocked down instead of scoop- ing him up, passed over him, and he Was fearfully mangled by tho wheels, The motorman, James Ward, of No Fifty-second street, and the Bernard Moran, of No, 533 a New Sains Oo ts Mo opening Pay, TAB CLOSING QUOTATIONS, [Sas ze % See co cago'e 9.90 A opening price Wheat—May, Mi io aaa 7 July, 71 1-2 to Th 1-4 Gorn=alay, 4 a8 to 44 1-8; July, 44 to 43 7. ‘To-dey'e highest, lowest and olosing prices and as EY lost : New York's closing prices were: been shifting about of loans on 3 if rom last recorded ‘sais, ‘areas fellowes” | Wheat—May, 90 3-8 to bs, July, 658 ern Securities stock, Two leading offered; Septmber, 73 1-8 to coi al institutions In this city have been | nated copper los April, bit; May, 92 7-8; carrying $00,000,000 in Northern Seour-| Ame gaunt g offered. closing prices mera Wheat ities stock in their collateral and it is Smelt. ff May Th ecu is ep: 6 fd DA srae ks ril, 43 1-4; Ma: re ssa bids , duly, Wis oftered; ‘opto: ber, 48 6. 2s assse The Stock Exchange theory was that] ),2!T" accuser, Secretary William McClure, Jus allowed to remain during, the de- liberation. on the evidence, and hi clares that the board simply faened. 2 olutions prepared before bated pe ing him, and Mr. MoClure informed him of the ‘action ten minutes after the hearing closed. imburger told Justice Davis that had the defendants to bring the minutes of the hearing to court, but the: eae failed to do so. sald “the Board sum- immish evidence ie’atand tor fvenoures se ind for fi vSrhiat Js not tor interrupted Mr. Led- eae yor be Riad Drone nen the proton, t thi va Kea, they” would set le ‘that question, * ritort . Limburger. JAMES McGREERY & CO. Ladies’ Suit Dep’t. Shirtwaist Suits:— Foulard .... Pongee.... Taffetas.... ++14.50 ++-18 50 + 20,00, House Gowns, Silk negligee gowns, Order on President and Board | of Governors Compelling His New York's Fastest Growing Store, More Matchless Friday Women’s Suits. 300 Handsome Tailor-Made Suits—Fane blouse styles; hand somely tr mmed, and taffeta or silk Misses' Walking Suits. Norfolk style—novelty wool suitings as well as black and blue mixtures. Jacket strapped and Rothenberg cb. WEST 14 ST. Satisfaction Guaranteed Money Promptly Rel Bargains. Fine Garments for Women, Misses and Girls. Girls’ Sailor Blouse Suits, ' Ages 4 to 14 years. Sailor blouse suits ing” ing tee in blue, red, pink! and brown; dee sailor collar wil white to Supreme Court Justice Davis to-day | Machine Ott, large bottle, 3¢, Lindsay Safety Pins, dozen, 2c, Dress Shieids, rubber lined,7c. Hair Pins, pound package, Sc. Embro. Silk, all colors, balyse. Hooks and Eyes, gross, Se. Foundation 3, Ae. Darning Cotton, dozep, 5c. Pad Hear toreey a9 10c. Black Pins, large cube, 3c. Pearl Buttons, 2 dozen, 5c. Aluminum Thimbles, doz., 5c. “Hook On” Supporters, 19c. Handle Ironing Wax, oe 9c. Kid Hair Curlers, doz., 3c tailored; skirt pleated serge lined; black, and strapped to match. ps and cy a Misses from 12 to 18 ings; newest pleate: iy or 7-gore flare skirt: years haven't had an in fact, perfect in opportunity like this puff cuff; full skirt, every respect. Val- in many a day. To- with deep hem; $1.25 ues $12.00 to $15.00. morrow’s price, 8 value, at 198 Y 4.98 19¢. Silks & Dress Good ' ilks & Dress Goods. Men’s Wear. Linen Cotor Shantung Silks. Linen color deserves every bit of the great popularity which it] Men's Medlum-Welght Underwear, in natural; shirts has attained. It is a cool color—an. suet le—for spring and e ribbed bottom, drawers have double seats, suspender: summer wear. Probably no other ground color will so well y lock seams, rl buttons; » quality; withstand the test of general outdoor service, In this tot] ‘bes Ove" vin ee eee there is a small, attractive design in self color which gives to} °? co ee the fabric the appearance of being much more Ten’s Fine Balbriggan Underwear, in various colors; costly, We know of no equal grade having shirts have long sleeves, drawers have double been_offered before at anywhere near this (of gussets, susender tapes, double seams; also i price. Per yard esceoneterma a new lot o: men’s blue mercerized shirts Cc Gray Mohair Serge Suiting gs and double-seated drawer goods; special Gray is in immense demanded—Mohair Serge particularly so. A Special Lot of Men’s Half Hose, consisting of plain That fact has caused the mill price to advance twice since we black, black with white feet, and fancy placed our order for this lot last January. socks in endless variety of stripes and 1 he paces! i 38 Jan8 wide, ren wise 9) (et colorings; excellent yarn; double soles; 2S and is selling in some stores as high as 49c. value 1 3] ap per yard. Special here to-morrow at. splices nes! ond ie aes helaes Bring Boys To-Morrow--It Will Pay. Have You Ever Seen a Blouse Suit, with Extra Collar and Shield, Offered at Such a Price Before? Reliable suits, too! Made'from woollen cheviot in navy blue. Plaited sleeves, embroidered detachable shield, silk soutache trimming and large sailor collar, the extra collar and shield is of plain white duck; many of the pants are ‘aped throughout; sizes 3 to 8 years: at this price we cannot fill mail or Bighorn orders; the complete outfit special to-morrow at.... Boys’ Pants at 19c.—Though They Would Be Cheap at 290. We had these made up from remnants of materials that had been used in very much higher priced garments; fancy mixtures, chiefly, and a very complete assortment; there are sizes 3 to 15 in the lot as it stands, but this price is bound to make brisk selling, and we cannot pesraniie the lot to last all da; Patent Medicines and Totlet Articles. No Matl Orders. Pitchers Castoria, bottle, 15c. Pe-ru-na, great tonic, 60c. Blaud’s Iron Pills, 100, 12c, “Leonard” Fountain §} Gude’s Pepto-Mangan, 71c. Witch Hazel Salve, box, 18c. White Pine Expectorant, 15c. Peroxide of Hydrogen, Sherine, strictly pure;2 oz, Co All-Silk Collar Forms, 12c. Shoe Laces, dozen, 4c. Knit Underwear and Hosiery Specials. ‘Women’s Low Neck Richelleu Ribbed | 2} Women's Fast Black trimmed with lace. 13.00. Silk Empire gowns, 17675 »|Silk gowns —aceordeon Lisle” Hi pats, double. Ne aea Paae See ‘ec w lesahgn sliced heel toe; E '. I Full Fashioned Fas‘ “ue with ison fom In neck eee wee ace pated inleached pit ety line Cob Gauz Lisle Hose, Woranate Size iunbed ow Neck ite Thread BG ast bac, ouble Ste high aplced ‘tet and foe, Dee A Special Lot of Shoes for Boys. A manufacturer's entire stock, including sizes 12, 12%, 13, 13%, 1,134, 2, Russia calf and cordovan 98c Women’s -$2.25 Oxfords at $1.49. A manufacturer’s stock, made to sell for $2.25 per pair, fine soft dongola leather, turned soles, Men’s Patent Leather Oxfords & Lace Shoes 9g A great value for to-mBrrow. Goodyear welted soles, newest shape lasts, $3.50 quality, in all ry ——_—_—_— Unparalleled Basement Sale Bargains. Bor 2 ale ens es. LS toap cp. wane older mage | bys the entiro ~ ghatrd com Ametican Wringer Co; orth siso seneeseccenes regular 29c. value, fore sole, heel and toe, 29c. quality, at... silk ribbon run in neck and sleeves, 49c. value, for.. special, calf, made up in lace style, double soles, toe caps, entire lot to go to-morrow at, per paifageeesseee patent leather toe caps, all sizes, special to-morrow al '¢ 4. y sizes, at. PARLOR BROOM, $-sewed, made of TOILET STANDS, com- WRING- an pitcher. The Eke, made a ogmpiets Gmail Size, Medium, Lerse. Ex. large: 2! 39c° 49¢ 59% pleated, 20,00, Twenty-third Street. Fe Sere FSFE FE FE 1» a writs $e iM % iu Bay 8 fx fy tit aa het £18 ims int LM is as a 2 * "||| PLAIN REP PORTIBRES, embossed Velour Tits 955s dss 4ssss eset shtess 41 tl atte te tte or tapestry borders, 33 108 ‘ear 70% hy aS Ne 3 ‘TERES, wv wot pact eriptitor hi colors, cco > $5.75 Fringed $7.50 | |4 Om lio 1 ESTRY BAGDAD COUCH COVE ft 1 F sards lone, 60 inches aids; fully fineed, each, $2,355 and $2.65 6 Aa ERrEee soe #8 oF Fi 1,000 YDS. TAPESTRIES AND =r ESEElse. #3 SRSECE REE ees reser se. * ‘Stern Brothers Portieres and Couch Covers, Tapestries and Damasks YDS. FURNITURE TAPESTR: 1p Reduced from i AS and $1.75 a ard Reduced from $2.75 and $3.50 a yar: Window Shades, Awnings, Slip Covers, Summer Franti etc., made to order at reasonable e.pciow. $4.25 ana $5,50 pair, 50c ant 75c ROLLING PINS ..»,. Heavy Japanned CUSPIDORS. tis rg STANDS, nicely vr with rose and carnation proc savety special Galvanized iron BATH TUBS, for in: ite 68 STOVE, flat top, 2-burner, ons STOVE, fat to et, black SORUBBING BRUSHES, STAIR DUSTER, good bristle. Walek, BRUSHES, new oor, 10c 80) ae coUNTER ‘DUSTERS, ProATHER pusrisks, of ostrich piece .. KNIFE BOXES, “made of hard 10c WOOD SALT BOXES: a HN hanging kind. 10c MEAT POUNDERS, hard wood....6e @PICE CABINETS with barrel 39c PASTRY BOARDS, made of 1 419¢ ‘wood, with partition; worth 260 POTATO MASHERS, hard wood,.Bo ehape spice holders, JAMES McGREERY & CO. Ladies’ Gloves, Finest quality kid Gloves. Paris point embroideries, Overseam or pique sewn, Colors:—tan mode, beaver, Cooks and Waiters “THROUGH DA MASKS, 94.25 1nd $1.50 Worla Wants. gray, brown, ~pearl and white.