Image provided by: University of Nebraska-Lincoln Libraries, Lincoln, NE
About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (July 3, 1893)
, . THE OMAHI DAILY BEE. ESTABLISHED 7UNE 19 , 1871. OMAHA , MONDAY MORNING , JULY 3 , 1893. . < M SINGLE COPY FIVE CENTS. MR , HENDERSON ON FINANCE Missouri's ' Ex-3onixtor Addresses Secretary OorliBlo a Pertinent Letter. MONETARY CONDITIONS QF THE COUNTRY Ho Olvri III * Kennoni for tlio Prcicnt Stringency In the Money Mnrlcot A Jlovlow of I.oglslntlnn Hearing on the Subject. O WiR'tiNm-riM. , D. ) n. , July 2. UK-Senator John B. Henderson of Missouri , who hits de voted long and carotul study to matters of finance , has addressed to Secretary Carlisle j the following communication : , "To HON. JOHN G. CAHMSI.B , SKCUCTAHV OP TUB TIIEASUHY : I promised to glvo you in wilting the substance of my statements made to you in conversation touching the monetary condition of the country. I then expressed the belief that the uresent strin gency is produced , not by any lack or insuffi ciency of our currency , but by the loss of , ' confidence produced atrong business men be- catisu of the bad tiuallty or inferior charac- r V' ter of a largo part of that currency. Urror of Common 1'rcvitloiicc. "There is no error of more common prev alence than the abundance of money issue necessarily adds to the commercial or busl- t ness energy of n peoplo. Of course , a certain amount of money tokens are absolutely essen tial with which to effect the smaller ex change of commodities. Thcso money tokens fto not create exchanges , but the exchanges < i , create a necessity for the tokens. Morn tokens do not grow wheat aud corn , nor manufacture cloth , nor operate railroads nor call ships. Labor nnd skill do these things ; and among a people entirely clvlli/cd over 05 percent of the exchanges necessary In these j operations uro consummated through the I. . medium of bank checks. Experience dem onstrates that this mode of exchange Is > nero convenient , safer and less expensive , nnd experience also demonstrates that thcso bank facilities become enlarged or contracted an money tokens become scarce or abundant. This is u business law as inexorable as the laws of nature. Henco.thero Is less danger In i * limiting the bulk of circulating money than , ' people generally imagine. / -'The bank check is better for another rea- ' 0 * . tion , to-wit : That having performed its . i ' oflcor ! it ceases to circulate ; it is removed from the volume of circulating money and Is 4. forever canceled. If the exigencies of Dust 's ness demand another check , It is issued anew , and It , In llko manner. Is destroyed when its object has been accomplished. We shall never have a perfect currency until every note used for circulation shall bo de stroyed on Us return to the authority issuing it , nnd no now note Issued except for value , nnd oulv at the call of business demands. England has como to this and America , with EnRland's experience , will do likewise , " The amount of money in , circulation per capita among the people of the United States on the first day of July fiom 187 ! ! to IS'JU , in clusive. 'Is then given. Continuing , Mr. Henderson says : What the Figures Show. "These figures demonstrate to the business man of a few years experience that neither individual prosperity nor commercial nc- tivlty Is absolutely controlled by IhO amount * of circulating medium. The passage ill 1S75 of the net for the resumption of spedio'iiay- mcnts In January , 187U , put an end for the time being to our depreciated paper currency and from that time until the passage of the Bland-Allison act of 1S78 , wo wore , in fact as in theory , on a gola basis having but n single standard of exchange and the benefi cent effects of this slnglo standard , giving assured tonfidonco which can bo based only on uniformity and permanency of value , lasted until increasing silver coinage , under the net of 1878 , reached an amount which , in the declining value of sil ver , threatened permanently to un- Bottle the currency. I think I. am safe In asserting that from July 1 , 187'J , to July 1 , 18S1 , we enjoyed very great pros perity , Individually and nationally. There was no lack of money. It sufficed not only to fill the treasury , but it abundantly answered the demands of commerce , and an extraor dinary business activity was followed by very high prices. The average per capita circu lation during that period was $20.61. From July. 16'JO , to the present , a period of reat monetary stringency , shows an average i per capita of SSIl.lVi. It is therefore apparent . - * > ' tliat-lu the common parlance'times' may ho 'hard' and money scarce with the most abundant circulation. I'ractlc.il Examples. "If , on it given day , the active business men of a community , for good reasons or bad , but satisfactory to themselves , resolve to make no further contracts , to quit nil busi ness transactions , n seeming scarcity of money Is the result. Whatever the volume of the circulating medium , It does not im pose itself on anybody. Ho who gets It must * - plvo an equivalent for it. If nobody wants ' * his labor or his property , ho can get no money. If ho-who has It refuses to loan it , in fo.ir that tha currency to bo paid back nt maturity of the loan will bo less valuable , the condition Is one of stagnation , nnd 'scarcity of money' ' Is the consequence. The per capita circulation in the United King dom of Grc.it Britain in now S1U.U4. Of this (14.-Ill Is gold , circulating freely anione ; the people. Of sliver there Is only $2.03 , und of paper f2.i.4. ' The per capita circulation In Germany Is still less , to-wit : $17.50. Andyot in thcso countries , with their money interest und thulr vast commerce nnd manufactures , there is no dearth of money , and Interest rules at scarcely moro than half the rates prevailing In this country. England adopted the single gold standard in 1810 and has ad hered to It over since nnd bv BO doing has become the money center of the world. Ger many adopted the slnglo standard In 187" ami since that time she 1ms been rapidly ad vancing In all the elements of national great ness. ness..Tho per capita actual circulation In Franco scarcely exceeds that In the United States , and consisting , as It does , almost whtlly of gold , the currency is reasonably permanent and reliable ; ana as France has now ceased to coin silver the financial situation there is Dot threatened as hero by a change of stand ard. Speculation and Otortrado. "Tho paiiio of 187S1 was , without doubt , the direct result of speculation and ovcrlradim ; induced by thu greenback era , beginning In IBUlM ! ; ) . Between IbOi und IbTU. both , inclu sive , the balance of foreign trade aguiuBt us wnslOMIHr.5S7 that is , wo imported into this country during thcso cloven years , over and above our exports of merchandise , this enormous sum of over f 1,000,000,000. This long and steady drainage , lasting , without a single intermission for cloven years , brought * Us legitimate fruit a loss of a largo part of the nation's ' wealth , nnd with it thocountry's rntlro stock of | rold. The only currency loft us was the greenback und the national bank note , which latter , being redeemable in law * lul money of the United States , could not ncqulra any higher value than the green- ck itself. "I'uko the psrlod of unbridled state bank Issues of paper money between 1818 uud 1857 , both inclusive , and wo find u similar result , In a total foreign commerce in these ten years of only fl.UGT.OOO , the excess of our imparts of merchandise over exports was almost $347,000,000 , making nil average loss Of about 8 per cent uer annum. This drain- ego of wealth resulted in the panic , of 1657 , whose severity continued until tha depre ciated national bank circulation was de stroyed nud was substituted by the green back currency which , at first , enjoyed the A confidence ot the people. "Tho commercial conditions now cxis ting ro altogether different from the two periods I ; named. It seems to mo demonstratablo , so 11 far as a financial proposition can bo logically demonstrated , that the present situation Is not the result of speculation ot overtrading v bad business methods , but that it U largely , If not wholly , produced by the silver legislation of congress. rinnnclnl Failure ! . "I have already shown that under the era of depreciated greenbacks the balance of trade was against us every year. State bank Issues had been tried , but could not be kept nt par with gold. United States notes had also been tried and though backed by Iho wealth nnd credit ot the nation , they , too , had failed to preserve a parity with gold. The Increasing production of silver , us com pared 1 with that of gold , had Induced Ger many to follow England and lo discard it as n twin standard of value and the wisest and most considerate statesmen of the world were being rapidly driven to the conclusion that t the highest and best political economy required nnd demanded a single standard of value. "The American congress of 1873 , actuated , no doubt , by thcso views nnd earnestly desiring to escape in the future evils that the 1 least sagacious were now compelled to admit 1i had followed the use of depreciated money 1I i , adopted , without dissent , the slnglo gold I standard. This was in reality no violent change i from thn long declared policy of the government. I At the date ot the creation of the i greenback note , cloven years before , the 1i pledge 1 wns given that they should ho re deemed i in coin at the close of the war and the obligation of that pledge was atill ac knowledged by all political parties. So far ns i the silver dollar was concerned. Its coin- ngo i had been free from the time of the coinage - ago net In 17U2 , but during the oighty-ono years that had now elapsed only about 8.00J- 000 of thcso dollars had been coined. It is true that half dollars , quarters , dimes and other subsidiary silver coins had been made at the mint , but , being n tender for only limited sums , the silver currency had never been an important factor in the business transactions of the people. llciuinntlon of Specie 1'nyincnt. "Two years after adopting the slnglo standard , to-wit , in 1875 , a measure was in augurated and passed for the resumption of specie payments , to bocotno operative on January 1 , 1870. If thcso two measures had remained on the statute books inviolate and unamcudcd there Is no economical reason why the United States and Its people should not today enjoy the most unbounded pros perity. Wo should have had the best and most abundant currency a gold currency of universal value and of such volumes as to force Its circulation , as In England , Franco and Germany , Into the hands of the peoplo. "To bo assured of this fact it Is only nec essary again to examine the conditions of commerce for the last seventeen years. In the first six years of the time , ending Juno SIO , 1831 , we had alrcaay imported In gold over $102,000,000 moro than wo had exported , and , it must bo remembered , that in 1SS1 wo had been already for four years on our downward course tow.ird a silver standard after tho-Blaml law of 1S78. Finally , utter the passage of the Sherman law'of Ib'JO ' , which moro than doubled thu sil ver purchases , the remarkable fact Is disclosed that no amount of exportation of merchandise could stay the shipments of hold from the United States. Although Iho excess of our exports of products in IS'JJ amounted to nearly $203,000,000 , , yet the almost startling fact appears that during that , % o.ir wo exported over $ ll,000,000 ! ot gold , and now that the balance of trade has naturally turned against us the country Is being drained of its remaining gold with alarming rapidity. If any gold bo loft In this eountty It is hoarded bv the timid. It Is completely absent from the circulation us if it had no existence. From January. 1831) ) , to June , 1802 , nearly 8100.000,000 of gold and gold certificates wcro withdrawn from the national treasury. Jtunld UUinpcur.inco of Gold. "Tho ruplu disappearance of gold may bo further determined by the fact that in Jan uary , IS'Jl , 88.0 per cent of the customs taxes in New-York were paid in gold and gold cer tificates , while in May , 189J , only one-tenth of 1 per cent was similarly paid. It only re mains now briefly to state the character of the silver acts of 1878 and 1890 , und to fur nish you the reasons for bollovlng that the overthrow- public ronfidcnco und the present depression in business uro the le gitimate consequences of these acts. The na tural ornornlnl results of this legislation would prob.ibly have followed much boonor but for the many abundant crops of this country and the numerous failures in that respect abroad. ' The act of February 28 , 1878 , known as the Bland act , wns by title : 'To Authorbo the Coinage ) of Standard Silver Dollars and to Hestore Its Legal Tender Character. ' "It directed the secretary of the treasury to purchase monthly not less tlu.n $2,000.000 nor moro than $4,000,000 worth of silver bul lion , to bo immediately coined into silver dollars of 412.J , , grains of standard silver , that is , II71'.f grains of pure metal , and thcso dollars , when so coined , were made a legal tender for ull debts , public und private , ex cept where otherwise expressly stipulated In the contract. Tim act further provided that the holders of thcso coins might deposit them with tin treasurer or * assistant treas urer of the United States and receive there for certificates of not less than $10.In amount and these certificates were made recelvulilo for customs , taxes and all public dues , and when so received may bo reissued. of the Sherman Acr. "Tho act of July 14,18UO , known ns the 'Sherman law , ' directs the secretary of the treasury to purchase each month 1GOO,000 ounces of silver bullion at the market value thereof , so long as silver wns depreciated below the par value of gold , und to issue In payment therefor treasury notes of the United States in denominations of from $1 to $1,000. These notes wcro made a legal ten der for ull debts and receivable for till public dues and to bo reissued by the government "Tho secretary of the treasury Is required to redeem these notes in gold or silver coin at his discretion. To induce the national banks to accept them , they are authorized to count them us n part of their lawful re serves , Coinage of silver dollars was to con tiuuo , us provided by the Bland act , uuti July 1,1801 , and after that the secretary i < required to coin any additional bullion that may bo necessary to redeem the treasury notes issued for its purchase. "Under the act of 1878 the government uur chased 01.202,011) ) ounces of fine silver at I cost of $503,11)0,202 ) , and coined it Into silver dollars to the amount of 178,100,7" . ! . Tha urollt of nearly $70,01)9.000 ) made by stamping a falsehood on the coins wus covered into the treasury us so much profit. Under the tic1 of Ib'JO the government , up to Juno 1 , IB'.U hud purchased $ l4rio'llb. ; ) > 7 , and under tin injunction of continued coinage for u year under the net of IbOO , them wore coined ad dltlonal dollars to the amount of 10,087,010 Adding to these- amounts the rccoluugo o trade dollars into standard dollars , wo had on July 1,1MU , coined silver dollars amount ing to f J 10,1533,1503. , J.-jm on blltcr I'lirclmaotl. "If wo take the market price of silver on Juno 1,1MK1 ( S3 cents per ounce ) , the loss 01 this bullion so purchased by the govcrnmou was on that day $ b3,518G28. , On Juno 20 Ib'J.l , bur silver was worth only 7a cents po ounce , entailing uinm the government a additional loss of M4,5S3,412 ! In less than t month. When \\o examine the financial history of the country nud moro especially the history of our colnago laws the new horn zeal for the silver dollar , as developed In the act of IbTS , Is quUo remarkable. At the time of its passage the dollar provided for was intrinsically worth only b'J cents ns compared with gold-that is , the ratio of value as between this authorized dollar and the gold ( dollar was 17.1)4 ) to 1 , Instead of 10 to 1 , us fixed by the coltum , ' net of January 18 , 1837. Silver had then been constantly declining for sev eral years nnd ull Europe had closed its mints against its coinage , except Into sub sidiary coins , limited us to loal tender , Of this fact , the congress of 1673 was surely ad vised , because thu second section of the act makes it obligatory on the president to invite the countilcs comprising the I atiu union , which had been the last to reject the use of sliver , and other nations of Europe to Join us in a con ference to adopt a common ratio between gold and silver and to secure fixity of vuluo between the metals. To show be yond all cavil that Iho act of 1&73 , demonetiz ing the silver dollar as a tender for debt , wus advisedly and considerately passed wo need , only examine the contemporaneous [ CONTINUED ox BBCOMI rMis.j FROM DAVY JONES' ' LOOKER Survivors of the Victoria's Grow Who Ec- tnraod from the Sea's Bottom. MANY NARROW ESCAPES NOW REPORTED Oniclnt AcconntH of tlio Awful Ultnstor Cor- robnntto tlio IteporU Already Printed In thn llcc-Wlmt the Shlp'i OMIcors llnvo to Hny. \CopurtgMciliS03b\i \ \ Jama Gordon ffctntett,1 MALTA , July 2. [ Now York Herald Cable Special to Tnr. Bnn.J The many wonderful escapes of the survivors of the Victoria are the chief topics of conversation. I have obtained many interesting details from the survivors themselves. Staff Cap tain Smith was on the bridge with Admiral Tryon when the Victoria capsized , -both en- tcring the water , or rather being engulfed , nt the same moment. Smith struck out from under the ship and reached the surface , but was sucked down by the over-widening whirlpool. Finally , however , ho came to the surface again , utterly exhausted and was picked up. Captain Smith says Ad miral Tr.on . was seen by no ono after his first disappearance. This fact Is now sot- tied. tied.Flag Flag Lieutenant Lord Glfford went down the second time. This was caused by drown ing men seizing his legs , but the upward rush of the loosened spars and deck fittings brushed the m en oft and Glfford rose to the surface and was saved. Loose spars both killed and saved ninny. When the Victoria listed the screw Jammed the rudder. This caused her to describe n complete circle aimlessly instead of proceed ing toward the shore , as Tryon Intended. About 12,000 of public money went to the bottom with the Victoria , together with all the Hoot's papers and accounts and the fund collected on the fleet to purchase n wedding gift for Princess May. Spectators on Iho Edgar say that the sccno was distinctly dramatic , as the other ships formed in a circle , like an amphitheatre , and from their decks the writhing movements and final plunge of their flagship were watched. MAUKII.Y.-U'S On < 'ICIAI , UIH'OHT. Dlsuutchcs from tlio ' Cnnipcrdown'g Com- inniulcr to the Aumlnilty Ilcmrd. . LONDON , July 2. A midshipman from the /ictorla nrrivca at Calais early this mornIng - Ing with Hear Admiral Markham's ills- latches concerning the collision oft Tripoli. lo was brought by special steamer , the ilald of ICont , to Dover and was conveyed at mce by special train to London. Ho drove Irectly to the Admiralty ofllce , where the Admiralty board , notified in advance of his : oming , received the uispatch.es. The board decided to publish the dispatches full. The first dispatch was dated from the war ship Camperdown on June 22. It says : "It Is with the most profound regret that ! have lo report the total loss of her inajes- .y's . ship Victoria , Involving the Irreparable oss of the comniander-lu-chlcf , Vice Admiral Sir Gcorgo Tryon , twenty-two otil- : crs and JKiO men under thcso circumstances. The squadron , consisting of her majesty's ships , Victoria Cainpordown , Nile. Dread- naught , Inflexible , Colllngwood , Phaeton , Edinburgh , Sansnareil , Edgar , Amphion , Fearless and Burnham , Jrft Boyroot about 10 o'clock this forenoon for Tripoli. Shortly after the squadron formed single columns , line abreast , and proceeded at the rate of about eignt nets an hour. When about five miles from ; ho anchorage off Tripoli , the signal was : nade at 2:20 : In the afternoon to form col umns of divisions in line ancad , disposed abeam to nport the columns to bo six cable lengths apart. Wo proceeded in this forma tion until il:28 : when the signal was made from the Victoria to the first division to turn .sixteen points to starboard. As the columns were only six cable lengths apart , it was not , therefore , in my opinion , possible , within the maneuvering distance , to execute such an evolution. Signal * Were M Wo Kilns ; . "I directed the flag lieutenant to keep the signal which v > o were repeating at dip , as an indication that the signal from the Vic toria was not understood. I then directed him to signal with the semaphore : 'Do I understand It is your wish for the columns to turn as indicated by the signal now llyinirt' but before my order could bo cnrrlot. ' out , the coniinandcr-ln-chlof semaphored mo to know what I was waiting for. It then struck mo that ho wished mo to turn sixteen points ns Indicated by the sternal , aud it was his in tention to circle round the second end division leaving them on the port. Having the fullest confidence m the great ability of the commander to maneuver the squadron without oven risk of collision , I ordered the signal hoisted as an indication that I under stood. When the signal was hauled down the helm ol the Camperdown was put hard nport. At the same time the helm of the Victoria was starboarded. I watched very carefully the helm of the Victoria , as indicating the purpose of her signals , as the two ships turned toward each other , and seeing - ing that the helm of the Victoria was still starboard , I directed the captain ot the Campordown to go full speed astern with the starboard screw in order to decrease our circle of turning. When the Co lUlon Came. "Seeing that a collision was inevitable , I then ordered him to go full speed astern with both engines , hut before our speed could bo materially checked the Htom of the Camperdown struck the Victoria on the starboard bow about twenty feet before tlio turret , and crashed into the ship almost to the center line , the fore and aft lines of the ship , at the time of the collision , being in clined toward each other at an angle of about bO degrees. It was , I think , qulto two minutes before the Gamperdown was able , although going with full speed astern with both engines , to get clear of the Vic toria. The watertight doora of the Camper- down had been closed by my orders before the collision occurred. Seeing the critical condi tion of the Victoria , which seemed to bo set tling down by the head , boats wcro immedi ately prepared and the boom boats wcro got ready to bo hoisted out. when the open pen nant was hoisted by the Victoria and tlio signal was made not to send boats. A very few minutes later she keeled over to star board , and , turning bottom upwards , disap peared , 'Iho time that elapsed between the occurrence of the collision and the disap pearance was only about thirteen minutes. KtvliiR the Sullon. "Shortlv before the Victoria turned over the men were seen Jumping overboard. Ob serving this , I immediately ordered the big- mil made to send all boats to the rescue and directed the Burnham and Fearless to cioso in nt once to save llfo , steaming up in the Camperdown at the sama time to succor the ofliccis and men struggling in the water. The combined efforts of the squad ron resulted In the saving of twonty.nlno oniccrs and about 202 men , but I regret that no loss than twenty-two ofllcers and about BJU men , the majority of whom were in all probability below at the time , were lost. "Tho sea was smooth and there was only a light breeze at the time of the accident. The injuries to the Camperdown uro serious , but I hope that with the assistance of the artificers of the squadron , they may bo tem porarily repaired so that she may bo sent to Malta und docked. " [ Hero Hear Admiral Markham gives a detailed aud technical description of the injuries sustained by the Camperdown. ] All tlio Itecorilt I.ott. "I regret that the ship's books of the Vic toria were lost. In fact nothing of impor tance has been recovered so far. "For eomo tituo utter the linking of ihf Victoria the water remained agitated over the wreck. The scrowm were revolving ns she sank. I remained la the vicinity o' the catastrophe with the squadron untiTORO : o'clock , when , as the Campordown was making water , I doomed it advisable * to anchor the ship off Tripoli. The Amphion , Barnham and Fearless remained until after dark , but did not recover anything of Im portance. ' "I cannot express the deep grlot aud sorrow row felt on account of this lamcntabla catas rn rt trophe by myself , the captains , the officers and the men of the Mediterranean squadron , sorrow that Is'very materially enhanced by the great and irreparable loss which the navy and the nation have sustained In the death of our boloVcd commander , Sir Gcorgo Tryon , whoso kindness of heart , no less than his I signal ability in the profession of which ho was such a distinguished ornament , had endeared him to all who served in his com mand. A. MAIIKHAM , Hear Admiral. " From the Mctorln'i Cnptnln. Hon. Maurlco A , Bourke , captain of the Victoria , scnJs to the Admiralty a letter , dated il. M. S. , Nile , Juno St. Captain Bourke recites technically his orders up to the point of making the turn , and goes on : Tlio .signal was hoisted fur the first division tonlturcottiM3 sl\tt < cn polntM to poll iiml the second ( Uvlalon to alter eon the sixteen points tostnrhoiml , the lenders taectliurr tlio rest In succession. Tlio flagship llnrnlmm was' put littnl to starboard nnd 1 directed a midship nuui tonbMirvo closely thn distance of the Campordown. I reported to the com- innndcr that It Socinod to bo ton close and naked pcrntltixtbn to reverse the port scrow. This wns dolio nnd Just before the col lision both cnclncs were KOIIIK tit full speed astern , The ship had turned twelve or thir teen points \\hen the Campordown struck the Victoria , the starboard bow , about ten feet abaft the anchor. The Oamuunlown'H bow came rluht through Into thu ship and burst. In thu bulkhead between the fore mess deck ntid tlio Htoker's nicks deck. When the collision was scon to bo inevitable , orders wcro given to close the wutor- Iclit doors. 1 culled 'round und isked If mcrvthlnc was tlKht und was an- wered with "Yes , " uut by whom Icotlld not ay. I then heard the order for every One tote to on the deck , and the men In the Hat where was , on thu starboard side , all went up. 'hen 1 went up on the mess deck aft , 'utiU lonn Into thu .starboard engine loom , Thu engines' \\ero beln-/ worked und I heard thu Bonus telegraph. There wns no wuterlutho engine room. I then went to the lifter iridgo where all were at thi'lr stations o gut out the boats. The ship's company In Kre.it nunihers were on the pent > ldo of tlio upper deck. 1 then went along- the iort fore and aft bridge to thn admiral , the ihlp havlmta heavy list to the slut board , lust as I reached tha cutter's foremost davit on the port sldo , tlio ship nave u great lurch starboard and I clutched at the rail. 1 found nysolf sucked dotVn , but 1 came up to the mifaco ugaln among the wreckage. 1 , with nany others , was picked un by tin ) Nllos Hints. The conduct and steadiness of all at heir stations was beyond prulso. There wus 10 punlc of any sorter description. Ho Gnvo the Signals. Lord Glfford , flag lieutenant of the VIc- , ona , reported thi lidimral wished the dls- .anco between columns to bo six cables. Ho aid : About 3:10 , the .admiral came on deck and after a few. minutes nn the after leek u cut forward. About 3:23 : I hoisted by ho admiral's order , the signal , "Socond cllvl- ilon , alter course In succession olxtcen points o starboard , preserving order of licet ; first llvlslon , alter course sixteen points to port , ireservlng order of'licet. " Whllo this was flyhig the admiral ordered thu following signal-to Lo Rot ready : "Col- inins1 to bo two cables apart und all ships will turn together with their gulden as thu guldo of IIP fleet turns. " Tno last ship to answer the above signal * , as far fib. 1 could seO , wns the Camperdown. About 3'JO : , us soon us , she had answered , thu slpmil Was hauled down hy order of the nd- nlral. Thereupon the Victoria put her helm mrd to starboard1 and the yumpcrdown put ici shard apart. 1 ordered three midshipmen to watch the speed and helm ( .iKiiuls of the Caiu- leidown ; Edinburgh and Nile. No alteration , lonever , was , rcrwrleitto mo other than that JioO.tinperdoflru'jJLJytS Aviis .bcjnii , ltltJiard ) over. On the lKri.iVnotng hauled down and d collision appearing lllcely with the Camper- down , the port engines wcro rovci-bcd and al most lininedlutcly afterward the starboard engines uUo. I icported to the admiral that the yreudnaueht was lowering boats , lie hereupon made a gonoiul signal to annul the lending Of boats. After the collision the admiral remained on deck. HciisUcd tlio Fluff commander In what water wo ivcro and the stall otllcer icpllnd : "Dcdp water , seventy or eighty fathoms/ ' The lelm was put hard starboard , und both en gines went full suecd ahead.Thu ship { Uthcicd headway , swIiiRliiK slowly to port. A mlnuto afterward the steering gear broke clown , thu quartermaster reporting that 10 was unable to mox-o tliu wlicol. Dining this time the ship gradually heelliic more und more to starboard and tin : water rising rapidly over the forecastle , thu admiral ordered mo to go down and ask the captain If thu fchlp was making any water aft. In endeavoring to carry out the admiral's orders J ord GlfTord was washed away by the risii f waters and when ho came to the surface c-uught sight of the Victoria sinking , bow first. I'.lTllW'fW Kxcrclsos nt the World's Fair Governor Altcold Ho.ircd. CHICAGO , July 3. Governor Altgold was rather severely scored at the Patriotic Sun day exercises at the World's ' fair this after noon for his recent action in'discharglng the Chicago anarchists from the Jollot peniten tiary. The ceremonies wcro conducted in Festival hall , under the auspices of the Hcg- ular" ' Army' and Navy union. Scarcely a thousand people were in attendance. Prayer had been said nnd several patriotic hymns nad been sung when v Commander J. H. Campbell of the union , the principal speaker of the day , wus announced , and ho It was who scored the governor for pardoning anarchists. "It Is eminently fitting , " ho said In open- Ine his remarks , "that the Regular Army and Navy union should observe Patriotic ; Sunday hero today , bccuuso the governor of this state has recently shown that ho would bo willing to supplant the flag of ftccdoni for the red flag of anarchy. " When ho had finished the sentence , ho mused for a moment , and for n moment the audience was silent , und then It gave vent tea a most viRorous applause of approval , The speaker continued his address , but made no further reference to1 the governor or the an archists. Hotulkedof Putiiotlo Sunday und told of the good effect It would have upon the rising generation to observe it. When he had finished the choir sang "Nearer , My God , to Thco."and us they sung the last refrain , tLo American flag , which hung behind the speakers' stand , was drawn aside , nnd there upon the wall hung the union jack , draped m mourning" , nnd under neath in lurgo letters was written , "In Memorlam , II , M. S. Victoria. " Tlio effect was pleasing indeed , and It was made moro sous a sailor in uniform from the United States navy stopped forward and hung a laurel wreath above 'tlio flag , whllo a bugler sounded ' -Tups. " It nppcars to bo pretty well demonstrated that Sunday opening of the World's fair is u success , so far us the attraction of visitors goes , The crowd was much larger than lust Sunday , Tlio IHlilois Central railroad In augurated its through train service to the terminal station and thousands of visitors who came over the line oxporionood the novelty of being lauded well insldo the grounds. It Is observed that as the heat of summer approaches , the steamer route is becoming more popular , and although from thirty to forty minutes nro consumed In reaching the grounds by water , the steamers today were all well crowded , The hugo whaloback steamer , with Its capacity for 5,000 passen gers , is an object pt curiosity nnd wonder ment to most of the World's fair visitors and a brief passage to the exposition on this leviathan of the deep is a novel experience to all. EoclalUU In Koulon. CHICAGO , July 2. The eighth annual con vention of the Socialist Labor party of the United States opened today. A business session occupied the morning' , and in the afternoon a majority of two delegates went to visit the graves of the anarchists. Tha convention will lest five days , during which time the fifty propositions submitted by the various sections ofo \ organization , regarding - ing a change in thu party's ' platform and a remodeling of the constitution will be dis cussed. IT'S ' EX-MINISTER EGAN NOW James D. Porter Roaches His Port of Duty at the Capital of Chili , PUBLIC DEMONSTRATIONS OF PLEASURE Delight of tlio 1'onplo nt the GhniiRo of United States ItoprncntiitlTci Vocif erously Mnnllcitcil 1'reililcnt 1'oun In Tight < Juartcrs. tCoj > i/r / < 07itc < t 1K)3 ) l > u James Oont-w Rermrli.1 VAU'AUAISO , Chill ( via Gttlveston , Tox. ) , July 2. [ By Mexican Cable to the Now York Herald Special to TUB lien. ] James D. Porter , the now minister from the United States , arrived hi Valparaiso yesterday , and proceeded this morning to Santiago , accom panied by Secretary of Legation McGarr. Minister Porter was mot nt the railway sta tion in Santiago by the officials of the for eign office and escorted to the hotel - tel in tlio government carriage. This wns an unusual honor to n newly arrived roprcsentatlvo of a foreign nation. Before leaving Valparaiso Mr. Porter was serenaded nt his hotel by the garrison band , and cheered by thousands of citizens in the streets. No other reprcsonta. tivo from a foreign nation has been so cor dially received by Chilians In recent years. Ills welcome has been so enthusiastic us to surprise oven the Chilians thoins'clves , who have adopted this method of showing how pleased they nro that another representa tive from the United States has como to take the place of PutrlcK Egan. IVcra All Glad to Hoc Him. The warmth of the reception given Mr. Porter In Valparaiso and Santiago was only repetition of the feeling displayed at the x.ist cities of Chill. The captains of Chilian ror ships and the governors of the several tales displayed great rivalry in paying ttcntion to the now minister. Some of the Ihillan newspapers publish long articles rclcomlng the new minister nnd declaring hat Chill breathes easier now that Mr. 'orter ' has arrived. In several of the papers i published tt lotlor written on April S jy Minister of Foreign Affairs Errazurlz , n which ho speaks in complimentary erms of Mr. Euan. This letter is com- mcntcd upon unfavorably , nnd declared to nlsrupresent the sentiment of Chilians , who rom the urcsldcntrahd members of congress o the humblest peon , are declared to bo nt a oss to understand how such a letter could lave boon given to Egnu , a recognized enemy f Chili. Minister Porter will probably ho ormally received by President Montt on uly 4. Pressing President Venn. Thcro is great excitement in Buenos A-yrcs , Argentina , over the political sltua- lon. The Herald's correspondent , telegraphs hat the chiefs of the various political fuc- ions have advised President Saenz Pcna o resign , and adds that his ro- ircment is regarded as inevitable. A lonferonco which lasted all night was hold by President Pcna , the members of his cabinet and leaders of varlous"parties , Jn- belloved that the president would bo isked to resign on account of his unMopu- arity. The report that this would bo done caused great crowds to gather in front f the president's paluco to await the re sult. sult.During During the conference the president de clared that in the reorganization of the cab- not ho had donb all ho could to satisfy the lubllc nnd Iho politicians , but the circum stances wcro against him. Mitre replied that ho could glvo no counsel relative to the continuance of the president 'n ofllce. Roca and Pelllgrlnl made similar state ments , plainly intimating that the longer continuance in power of President Pcna was impossible. The president again declared that the last cabinet wns organized with the hope that through it congress might bo induced to sup port his administration , but in this his ex pectations had not been realized. The conference ended without having accomplished anything favorable to the president. Indeed It made moro clear the jppositlon of political leaders to Saenz Pcna. Their ndvlco that ho resign showed that ho need expect no support from them. It is be- llovcd tnnt the president is trying to in fluence public opinion against his political opponents by giving them a cnauso to sup port his policy and restoring tranquility. The members of the cabinet are still In con ference with the president in the palnco. It is believed ho will bo forced to resign within a few days. The Herald's correspondent in Rivera tel egraphs that the Brazilian revolutionist' } have blown up the brldgo across the Hio Negro near Bugo. The Castilhlstas , hoadds , are badly demoralized. MlnUter MrlClnnoy Arrives. PANAMA , Colombia ( via Galvcston , Tex. ) , July 2. | By Mexican Cable to the Now York Herald Special to TUB BEE. ] Luther F. McKlnnoy , the now United Stales min ister to Colombia , has reached Bogota. There is a marked falling oft In the num ber of cases of yellow fever In Port Llmon , Costa Rlcn. Newspapers published In Guayaquilwhich have just bean received hero , denounce as cowardly the shooting of General Varca by General Semonurlo. Varca Is said to have had nojneans of defending himself. The British steamer Eliza Edwards has been purchased by the NIearaguan govern ment. She will bo armed for use on the Pacific coast by the republic. Franelscii Medina , a Nicaraguan million aire aud financial agent of the government , will sail tomorrow from Panama for Europe. Plorolu'a Mmcmcnti. The story that General Piorola has landed at Chala , Peru , and is organizing 'his fol lowers for a revolution has no foundation , Pierola is not In Peru. The story that ho had landed was brought hero by mail , the letter being dated at Lima on Juno 17 , Plerola did not reach Guayaquil from Guate mala until Juno 18 , nnd ho .sailed from ( hereon on Juno 23 for Valparaiso. His arrival in Valparaiso has been announced , rin.inclnl Circles Hxcltod , Thcro has been a heavy fall In the price of silver and a commercial panic and many failures are expected , New York exchange has increased from 85 to 120 , Liui , iPcru ( via Galvcston , Tox. } , July 2. [ By Mexican Cable to the Now York Herald-Special to THE BUE. ] Excitement in financial circles has almost disappeared , owing to the fact that reassuring tiows has been received in London and New York. Exchange is 25 to London and 100 to Now York. Death Hull. SIXTA BARIUIU , Cal. , July 2. Georgia Drew Burrymoro died suddenly this morn ing. She came hero throe weeks ago for her health and bud improved considerably. ' > She wad YJwlth hemorrhitfo about noon and died sv x \aftcr. Her daughter Ethel was with Ii-p. Ver husband. Maurice Bar- rymoro , thiSi. \ , u in Now York. AFTEJV UN1NO BRANDS. Opening of thi ' \loii nf More ? In the I\s yiUtrlot. Down In that i jf the city known as the " 'burnt distrliit , " there was inaugurated last 1 ; night n movement that is moro than likely ' to bo productive of Rro.it benellt to the unfortunates whoso betterment it coin * prebends. \ Under tlio leadership of Hov. T. J. Mackay , rector of All Saint's church , n number of good people who have the welfare of woman hood , as well as that of manhood , at heart , gathered at the mission house on North Tenth street to take part In thn services In cident to the opening of the now house of refuge on Dodge street , next to the Clarkson Memorial hospital. Bishop Graves and several clergymen attended the services , and quite a number of those for whoso amelioration the movement was begun wcro present. , _ Kov. Mackny preached from ttio text , "What Shall it Profit n Man if Ho Gain the Whole ] World and Lrlso His Own Soul ? " J Hov. Mnckay said that this Is n commercial age , that everything , nowadays , is weighed in the balance of intrinsic values. Ho argued that a precious human soul wns to bo valued nbovo gold and jewels and that no effort tending to tlio salvation of > i soul should bo soared by any one culling himself a Christian. Speaking further , Mr. Mnckay strongly deprecated tlio double standard of morality upheld by civilized nations , urging that the libertine is entitled to no more consideration than the fallen fcninlo , from a moral standpoint. He further urged that it was the duty of every Christian to use every effort to extend a helping hand as much to the erring daughter of Eve us to the prodigal son. It Is the object of those in charge of the movement to carry on practical Christian work in .the ranits of the erring , and by this is meant that the milk of human Kindness will bo used to soften the bread of charity , and sectarianism will be a matter entirely nsido. It is their purpose to provide a homo for 1 all who desire to reform and to ilnd honest ' employment for all u ho show them selves anxious to enter into a hotter mid u useful | life. , jtiiyatir. Markets Atlcnlcil ! > } the Calling ; otmi Cxtrn Session oT < Jomr ! SH. LONDON , July 2. Discount rates hardened during the past week under the influence of J the increased demands vthat usually eomo nt J the close of the half year , together with the lowncss of Now York exchange. A strong belief prevails that IIP soon as the Sherman act is repealed gold will bo shipped hence to the United States. In splto of Saturday's general recovery on the stock exchange the feeling of distrust has not yet passed away. Consuls closed with a week's decline of } of a point. There was a general decline In foreign securities , Mexican bonds falling 10 points , Chilian 2 ! < f and Argentine funding loan ! ij.f. American railroad securities rallied slightly , but most of them closed lower on the week. The week's declines include : Denver & Hio Grande preferred , I ) points ; Central Paciilc , & \ \ \ Denver common , IJJ ; Union Pacific , S : Northern Pacific , Wnb.ish debenture and Norfollt & Western , ! each : Lalco ShorOj l ) i Wabash preferred and Ohio & Mississippi , Ji each ; Atchison , Erie and Loulsvillo it Nashville , , } f each ; Cana dian Pacific , y \ Illinois Central , closed \ % higher on the week ; Grand Trunk guaran teed and second preferred , 1 higher , and bCXAXOIUAL C't'A TJ2SXS. Tliclr Settlement * CumiiUcatcd by the Mlver Question. WASHINGTON , July 2. The fact that the senators from the northwestern states are lot unanimous 'on the silver question and that some of thorn will probably vote to re- [ > eal the bherman silver purchasing1 law seems to lend interest to the contest which was pending when the senate adjourned in extra session in April last on the cases of senators from Montana , Wyoming and Washington. In all three of these states the legislators got into a prolonged debate and adjourned without electing u .senator to iill the vacancies that were to occur on the 4th of March. These three contested cases will prob.ibly bring on a bitter and pro tracted preliminary fight before the senate can settle down to the business for which the extra session was convened. There are also the unacf cd upon resolu tions of investigation in the case of Senator W. N. Ko.ich of North Dakota , upon which a hot and [ not rue ted partisan debate is inevit able. _ llcnty Italn iincl Hull. HASTI.ST.S , July 2. [ Special to Tun BEE. ] The record for rains was kept up here , ono last night being the fourth in tour successive aays. About 5 o'clock a regular cloudburst began which lasted for an hour. In that time fully two Inches of water fell , a high wind driving it Intoshoots which thoroughly drenched everything exposed. At Keneiuw , fourteen miles west of Hustings , the storm was terrific. Hall stones of a largo size fell with great force , breaking the windows on the north side of nearly all the buildings In toun. Crop * around Kcnesaw are re ported us < very much damaged , if not ruined. Movements of Oee.tn ntuiimmvi July 3. At Now York Arrived Pennland , from Antwerp ; Clrcasslu , from Glasgow , At I'niladolphia Arrived Ohio , from Liverpool , , . At Havre Arrived La Touraino , from Now York , At Moville Arrived State of Nebraska , from York , At Southampton Arrived Trave , from Now York. f Western I'enntuiia. WASHINGTON , July ' . ' . Nebraska : Original Bernard Cutfroy , Marlon McMunim'.o. Uo- IsstiD William Powers , Wyoming : Original ICdward Alton. North Dakota : Original widows , etc , Benjamin A. Lou ell. 4 r i South Dakota : Reissue Joseph Wlllott. lown : Increase Henry C. Cumy. Uelssuo and increase William A. Millsup. Original widows , etc. Ellen Cullln , Yuluulilo Munufuoturlni ; I'liint Destroyed , KEOKUK , July 2. The Kmplro Mann. facturlng company , manufacturers of agrl- cultural implements , lost Us extensive plant by fire this forenoon , entailing a loss of 100- 000 with $ y3,000 insurance. The tire was caused by spontaneous , combustion. The lira department could not gut water to the tlumes-tho ] plant being out of the tire llmliu. f.encue. CLEVELAND , July 2. The great inter national conference of the Epworth league closed tonight. This morning there was a sunrise prayer meeting , a love feast and re union of the founders , and services at ull the Methodise churches. Thcio weiu muss meet ings this aftumooii and uguiu this evening , Murder mid suicide. OSIUUWSA , la. , July ii. After great deliberation - liberation and prcparlioii ) Alexander Carey White , a coal miner , billed his wlfound then himself at noon today. Difference about ; some money owned by his wife moved the coward to Uo Hio deed. * Droivni-d lit tlio Dei Malnet. OTTUMWA , la , , July 2. [ Special Telegram toTjiBllKB. ] Gcorb'o Stccle , a prominent young man of this city , was drowned in the DCS Molncit river today. Ho was boating and the boat capsized , . Killed tor I.ove. BCI.TON , Tex. , July S. Because she re fused to marry him , Leo Henderson shot utiil. killed Lcoaa Wilson , uud theu commit ted sululdo. IN MEMORY OF THE HEROES Now York Remembers Her Dead Who Ard Buried at Qottysbnrg. DEDICATION OF THE STATE MONUMENT iiocitrnt : | Tributes to the lleroUin of the llmro Wlu > Slcrp llcnculh the Itlootl- SliilnuU boil of that Historic riflil. GnTTYsnuiio , Pa. , July 2. With bright sunlight above and the llehl on which Get tysburg's decisive battle wasfought.strotch- ing out below , Ao.v York stale's monument to tlio homes n ho foil there was dedicated today. It was the great day of the celebra tion of the thirtieth anniversary of the thrco clays light. Kov. O. W. Sovcrsou of the One Hundred nnd Thirty-seventh Now York volunteers , opened the proceedings of the morning with a prayer. The veterans then sang "America. " Major General Henry W. Slocuin made an eloquent address and was followed by Gen eral Greene and Governor Flower. There wcro loud shouts for General Sickles ns Governor Flower took his scat , and the general was given n hearty cheer as ha stood , with the aid of his crutches , and de livered his address. This afternoon the space surrounding the monument wns completely filled with pcoulc , fully 10,000 people being present. General Sickles called the multitude to order. Rev. W. B. Derrick , the colored vet eran preacher , then offered prayer , ( leucriil Sickle * ' Address. General Sickles , as president of the Board ot Gettysburg Monument commissioners of Now York state , delivered the Introductory address , us follows : Conn ados , and Ladles nnd Gentlemen : Sty colleiiKiios hatn requested nu , to preside on this occasion. It Is my agreeable duty at the outset to extend to tlio quests of thu ututu ot Now ork who aid present a cm dial welcome. Conspicuous nmoiiK thosu for thulr numbers and tlictr claims upon thu public Kriitltndu nro Iho 7.000eteran soldiers of Now YoiU , par ticipants In the Imttleof ( jetty-burp , u ho have. a % ailed thenisuhesof thu tin Itatlon extended .to them by our legislature. They are present here today to take part In the ceremonies for the dedication of this Imposing column , und thu many beautiful regimental anil battery monuments- erected by u grateful common wealth , to cnmnicniniuto the lieiolc services ot the sons of New York on this buttlclleld , [ U Now York Day. The legislature * of New York , at Its recent session , designated this , the thirtieth anniver sary of thu battle , as "New York Day.1' , Thu monument near which wu are assembled stands uIoiiKsldo of the plot In which 1,200 Now York toldleis , killed In this battle , are hurled ; and us you will see by un Inscilptlon on one of the broiuu tuhlals , tin ) state monument Is here placed uu a testimonial of the Kiutltudo of thu state to hcrdefcndeis. Thu statue , which suiiuounts the column , Is Iho Impelsoiiatlon of thu com monwealth. You sen In her bunds wrcutliH ot lionets , which she would place on these Kruvos In token ofhorhoriow for her lost heroes , a sentiment the artist lias touchln ly uxpicssed In her teaiful eyes and qulvotliiK lips. ' 'J'hero Is a day und an hour In tha life of every nation when Its destiny hunxs on the Issue of a hutllu. Such u day and hour thirty years aw was the crisis In thu hattlo ot Gottysbure on thu 2d day of July , 1HU3 , Of thuelleetlNu foiceof about'JO.OOu men on our hldiWngngcd In the battle 27,000 , nlmost onc- thlrd. nwuro.NoWf York troops. And of the toutlilnss int ttiosuuloii army , i:3OUO : , our losa. was 0,707. - ' -I New Vork'H Sucrlflcc. The htato of New Yoik raised 400,000 men for thu union army. Of thepu vast numbers , &U.UOO died In sorvlco. Of thn 1100 renowned battalions In the army whosit losses , In killed and wounded , weiu thu hirKust , as hho\\n hy 1'nv , the lilstoiliui , flfty- nlno wcii ! Nuw York troops. From IHuT to Ifll5r HID state of Nuwoik < ' \pomlcd $125,000,01)11 ) in i ulMUR and ciuilii ] ] ) ; Its tioops. The New Yoik leplments and batteries look pint In mote than 1.000 battles-eiiL-n cmeutH and s-klrinlslies. Apart from thin biillletleld , hundieds of military and nimil monuments aruiilieudy placed In us many town and cities In oui state. In all iifjes of Iho world's history , and In all couiitilcs , thu adniliatlon of thu peoplu for their nillltaiy and naval heioes has sought cxuiesslon In costlv monuments , hulltlnhonor of jrcut coinmandcis. In this country , thu disposition Is to exult the virtues and services of our cltl/un soldier" , upon whom thu hi nut and burden of our civil war mainly fell , Thu monuments urectecl on this Hold hy Now Yoik , elHhly-tlirua In num- her , will 'HIVO a loimlilne Intuicst for all time toQiircItl/ons , anil , above all , to the dcscpiul- nnts of the men v.lioscned In our Nuw York commands. What Victory Meant. Hy common consent this famous battlefield has been chosen to sleimlUr the patriotism , valor and fottltudo of thu defondurs of the union. In thu ( treat civil war of 1801-5 , It win adccMvo vlctoiy , won at a moment when defeat inlcht Imvu been ruinous to our caiibo. Thu ucsuults upon our lines were made by thu inn-t , pouuiful iiimy over encountered by the union foiccs. The advance of thu army of General l.eu to the Sii < iuoliitiim ) marked the exlieino limit over reached by thu Invudlng forces of the south. Itlx suiOy most HttliiK that upon a buttlollehl so conspicuous In American annuls , and In which thu volunteer fcolUlciiH of our state boruso dlstliu'tllsheu a pail , Nuw York shoulu bo ropiesuntud by monuments not Inferlpr In liiipressl\encss uud beauty lo those elected by any other Htato. Thoio Isno thoiiuhtsUKuested by these mo- innrluls , nor by thisoctiUHlon , that should Rlvo nlfaiibo or pain to any ot our countrymen today , Wo lejolcu , us ull our countrymen may icjolcc , In u union successfully defended ; In a government whoso authority was horn maintained ; lu n constitution lluiily estab lished ; In republican institutions Hindu Imper ishable. In IhoMi results , to which thu victory of the union inIIIH at liutty.sbui contributed ho much , iwery Aniorlc.ui and uvciy well- wisher of America may llnd satisfaction. Could Nut Ito Ovoruntluiuteil. Almost 200,000 combatants contorted for victory on this field , The lines nf battle hti etched liver many miles. The two armies , nearly equal In number , wuio thu bout equip ped , muio thoroughly trained , andmoto accus tomed to war than any which had before con fronted each other stnco 1HOI , The results of victory on either sldis could not bn ovcrustt- miited In tholr Importance. Thu urinjr of Leo , miyH Oeiminl Hood , ono ot Its distinguished roiiiinaiiduis , when It ciossed the 1'otoniucInto Maiyliinil , wnunovor so buoyant , nuvur so confident of succrts , Hhotund bhell mowed down the unrlpcned Kialn ; tore thu limbs fiom countless trees ; thocieoii meadows mid thu Kr-iy locks- were cilmsoned with blood. MOID than -40,000 men fell In thu conflict. 'J'liCMi pates buforo you lire filled with thousand * of thu fallen , burled with no other bliioud than tholr blond stained uniforms. Jf tlin aiicillleo nuulo on this Held wc'ioKrealer than In any other combat of the war , the. lesults wcru coinpenititniy , The men who full here , standing ulonvNldo of their fiillen coinrndeH on a thousand battlefields , gathered together today In thu hplrltlund , can huy , "Wo fuuaht Ihu Booil Unlit. " They unlto wUli Lincoln , the iniiriyr , now In rujolclne over n union taved , and a nation perpetuutud , un wjiouu sojl the footprints of u slave shall never u(5Al ( iiWVc " ' Hishop'Poitbr delivered the dedication ad dr < 'ss. Qovernpr Pn tlson and Governor Flower then bpokc , A poem was road , and then the cannon thundered a salute , and vthllo the ' smoke rullod'&cross the fields of the valley , the crowd disported. Bluvonln ( ) illfer luttullcit , YALKNTINE , NjlJTi July 2. ( Special Telegram gram to'I'HB Jfly J The Ancient Frco oaf Accepted Masons' of this place Installed their otliccrs for the ensuing year in public last evening , Worshipful Master W. L. Bullls presided ; A. J. Stoveuson of Nordcn was In stalling officer and 0.1C. Gllson grand guldo. The following wore Installed ; T. U. Hornby , master i F. M. Wulcott , senior warden ; First Lieutenant J , M , Sto/enburg , Sixth cavalry , junior warden ; George Elliott , treasurer ; J. T. Keoley , secretary ! James Mangan , senior deacon j W , E. EfTncr , Junior deacon j H. E. Plait , senior steward ; I ) , Petari , Junior .steward ; W.T. KInliuld , tiler. After Installation refreshments were served , the Sixth cavalry orchestra of For ! Nlob.-ura furnished the music for the entire owning.