THE OMAHA i DAILY BEE a * -
A '
ESTABLISHED JUNE 19 , 1871. OMAHA , THURSDAY MOANING , JULY 6 , 1893. "s. " \ SINGLE COPY FIVE CENTS.
RAINEY IS NOW RECEIVER
| K" American Savings Bank Goes Into Volun
tary Liquidation.
ALL THE RESULT OF A TEXAS "STEER"
Dnnk 1'xnmlnor Rpraks or tlio Solidify of
Bccurltlcs Division of Bcntlmcnt
Among Stockholders About
tlio Stop.
The American Savings bank , doing busi
ness nt the corner of Seventeenth and
Fnrnam , has gone Into voluntary liquida
tion , and has asked the State Bunking Board
to wind up Its affairs.
State Bank Examiner C. F. McCrow was
called in after the close of business ycstcr-
tiny afternoon , and the situation was laid
before him , after which the request of the
officers aud directors was made , and the ex
aminer left , for Lincoln to lay the matter
before the board , saying that ho would re
turn in the morning with the decision of the
slate officials who are members of that
board.
This action on the part of the directors of
the savings bank la duo to the failure
of' the Aiierlcan Loan and Trust
company , which was yesterday after
noon placed in the hands of a receiver
nt the instance of the directors of that
concern , the Investment company bolntr
the principal stockholder In the -savings
bank. The failure of the investment com
pany is attributed to the failure of the
Omaha and South Texas Land company ,
whoso great object of developing the suburb
Of Houston Heights , near Houston , Tex. , was
the pot scheme of O. M. Carter , the presi
dent of all the concerns above named.
It was a system of financial ramifications ,
constanlly increasing In complication , and
the failure includes the whole list. The
American Loan and Trust company was the
first of the concerns that was organized , its
life dallng back about llvo years. It had a
ElI
paid-up capital of $400,000 , and the officers
I/ were : O. M. Carter , president ; C. S. Mont
gomery , auditor ; J. Fred Hogers , vice presi
dent ; George D. Lawson , treasurer ; Phillip
Potter , secretary ; A. C. Powell , cashier.
The majority of the stoclc represents east
ern capital , principally Boston capitalists ,
and the company was instrumental in plac
L- , ing a largo amount of eastern capital
- Mil the west. The savings bank was an "off
shoot" and was established after the manner
of several other banks that were estab
lished by this investment company at various
points in the state during the past six
years. In this number nro the First Na
tional of Havenna , First National of Alli
ance , First National of Grant , North Platte
National and the Bank of Grafton , the
latter a state bank. It should be dis
tinctly understood , however , that none
of these llvo banks are now in any
\vriy associated with the parent institu
tion , as they passed into ether hands some
time ago , and are now as distinct and en
tirely apart as though they had never been
connected with It , so that the failure will no
moro affect them , or any of them , than it
will affect any ether bunking institution ,
cither in this or any other state.
The American Savings Is the only ono of
the bankintr "offshoots" that still was
'identified with'tho Investment company. It
had n capital stock of $400.000 , of which
$100,000 was paid up. Its officers wore : O.
M. Carter , president ; C. S. "Montgomery ,
vice president ; A. C. Powell , cashier.
It Was TUXHS "Steer. "
The story of the decease of the Texas
concern Is told elsewhere in this issue , and
needs no repetition here. Could that have
been averted , all might have been well , but
there is a suspicion ttiat inasmuch as that
was practically the same conccin , it was al
lowed by the stockholders to go to the wall ,
In order the moro surely and effectually
to wind up the whole business , and
thus got rid of a load that was becoming
burdensome for all , and that threatened to
bo even moro onerous before ultimate suc
cess could bo assured. Certain it is that
there wns a difference of opinion between
Mr. Carter and the other stockholders as to
the situation , and they wore yesterday
in favor of the appointment of a
receiver for the investment company ,
The president and some of the
ether directors who thought that there
- might still be . , way out of it demurred ,
trusting that money necessary to tide over
the trying time might yet bo secured. The
others were obdurate and threatened to
apply to the court. The dlrcctois at
' meeting decided not to consent to
this course , and the dissatisfied
stockholders , true to their word I ,
wont before Judge Dundy in the federal
court and made their application. A sub-
pwnu was served upon 'Mr. Carter at a
o'clock yesterday afternoon , and shortly
thereafter another meeting of the directors
was hold , at which it was agreed to consent
> . to the application , and within n short time
of that action Charles W. Hnlney of tills , city
was appointed receiver of the American
Loan and Trust company. .
Tliun it was that the directors sent for the
state bank examiner , whoIs , stopping in the
city ns the temporary receiver of the Mo-
Cuguo Savings bunlc , and told him what the
situation wns and asked his advice as to the
course to pursue with reference to the sav
ings bank. They mudo the showing that
slnco thu failure of the McCague bank on
the llth ! of June the American Havings hud
been constantly reducing its deposits and
during the past thrco weeks hud effected J
reduction of that kind of liabilities to the
amount of flKJ.OOO.
It wan further shown thM this money had
been raised on the poorer class of thu bunk'-i
securities , and that the remaining securities
amounting to * & > : ) ,000 , were of tlio best that
it had held , while the total liabilities , except
iho capital stock duo stockholders , were
those duo depositors , and amounted to but
flKI.OOO.
Solidity al Securities.
The examiner said that m view of the facl
that the securities wcro good , the full legal
reserve on hand and overythltic appeared
straight , ho could not properly taUo posses
ston of tlio bnnk. He suggested that Inns
much as thu heaviest stockholder '
the investment company , was Insolvent , tin
burnt would probably bo unable to in
further deposits , and it would bo to <
proper , If the directors so desired , to go inti
voluntary liquidation , A meeting of tin
dlrectoia was Immediately held ami till i
course was aprccd upon and Iho banklii )
board was asked to take the proper steps to <
this end. The examiner could not speak foi
iho board without iv consultation with tin
members and , as above stilted , loft at onci
or thu Capital city on that mission.
An officer of the twin concerns , whei
naked lust ovcniug by a representative * of
Tin : BEE fur a statement of the situation
Biiidi "I am sorry to say that it Is a failure
pure and simple , and neither of the Instltu ;
tlons will resume. Not a depositor will use
. - a cent , but the stockholders will lose a grea
I many ot them. So far as the having
banK U concerned , there Is f WjOOO lu th
best securities of the bank to meet thu ll JU.
bllltles of "UM.CW in deposit * , which i
mioitgh to also pay back the stockholder *
were it not for the expenses of winding ll' |
the business , which will take about tw
years , and the cost of which I am unable t
estimate , being inexperienced in business c
that kind ,
* "You sen , there is a leeway for $100,0 *
ahriukugo before the depositors could los
anything , and still hack of that Is the Haiti
k Ity of thn stockholders for another f < 00lkv
* HH evur\ cent of the capital stock Is &ul
sciibecl , oven though but 25 per cent of ll 1
paid In. After the stock Is subscribed , ll
stockholder * are liable , whether paid in i i
not. Of cournotliot cannot all bo held good , i
omo of the sioekho'.ders are Inaolvatii. Mr.
Tarter has douosouio marvelous work lu l !
three week * in the wy ot raUl :
money to reduce the deposits of the
savings bank. Ho went to Boston , and as
close as the market has been , ho raised
" 40,000 there. Ho lias personalty signed
notes to got money to protect the Interests
intrusted to his rare and ho will be left
without n dollar. Ho has done everything
that an honorable man could do , and not
oven the stockholders who have lost the
most have a word of ccnsuro to breathe
against him. "
It may bo stated that Mr. Carter ( rave a
mortpago on his residence yesterday for
$ " > 0liOO to protect one of the eastern cred
itors from whom money was secured. Ho
shouldered a tremendous load , and strove
matnftilly to avert the crisis , but the obsta
cles wcro insurmountable , and ho was forced
to succumb.
Inability to Meet
The greater number of the stockholders
nro of the opinion that the Texas venture
was the sole causa of the collap.se. but Mr.
Carter Is unwilling to ngrco with that Idea.
Ho says that it was the inability of the In
vestment company to meet Its obligations
and carry Its rediscounts. The others assent
to that , but Insist that It would have been
able to do so but for the burden imposed by
the southern scheme. It Is not contended that
the latter was not atrreat thing , us the stock
holders maintain that It is bound to prove a
winner , and will yield some immense for
tunes to somebody. They only regret that
they were not able to hang on until they
could bo the beneficiaries and not some ono
else , who will profit by what has already
been done. It 4a stated that could Mr. Car
ter have managed to swing the mammoth
undertaking , it would have made him a
millionaire several times over.
It is qulto certain that at least some of the
stockholders did not rcalizo the immensity
of the scheme when they went Into it , re
garding it moro as the simple platting of an
addition than a development undertaking of
such magnitude , or It is quite possible they
might not have been willing to go into it ,
but having shouldered it they became en
tirely wrappediup Inilts glorious possibilities.
Aside from the officers of the uank , the
loss will fall principally on eastern parties.
The bank is still in the hands of the di
rectors , us the examiner declined to In any
way Interfere with their possession , and the
exact steps to bo next taken will not bo
known until this morning.
Tliogrand lodge of Woodmen of the
World is a creditor of the bank , as the
grand treasurer , C. E. Allen , is employed
there , and made his official deposit there.
The lodKO will faro the same as the other
depositors ,
Cashier I'o IT ell's Position ,
The action of the stockholders of tfie in
vestment company was taken to prevent the
preferment of creditors , and the action of
the officials of the bank has been *
such as to prevent the preferment
of depositors. Cashier Powell has been
simply an emplojo of the concern , and
had money there on deposit , belonging to
both himself and members of his family. Hn
knew of the situation , and that deposits
were being systematically reduced , but de
clined to withdraw that money , stating
that ho was willing to tnlo : his chances with
the other depositors , and would not use his
position as un official of the bank to take
preferment over others who were not thus
officially situated.
The situation is not ono to cause any ad
ditional worry on the part of depositors , as
the bank has been for three weeks past
realizing on its poorer securities to pay
depositors , and has actually succeeded
in reducing its liabilities nearly
8100,000 , without materially cutting
into what would bo regarded as Its really
available assets , and as a matter of fact the
remaining depositors are confronted with a
better state of affairs than they were three
weeks ago. It is stated that the failure will
in no way interfere with any of the other
banks of the city.
DISCUSSED SILVCK.
Denver Citizens Hold a Mooting ana Talk
, Over tlio Situation.
DBXVEII , July 5. At a moating of citizens
hold at the Chamber of Commerce to discuss
the silver situation , Hon. Charles S. Thomas ,
Colorado member of the democratic national
committee , and ex-Congressman James B.
Bclford wcro the principal speauors. In the
course of his remarks Air. Thomas said :
"So impressed am I with the importance
of this question above all othcis , and its
vital bearing on the future of the republic ,
that I do not propose to let the His of any
party obligation on earth swerve mo from
the duty I owe to the people. Let us stand
shoulder to shoulder in the light. We must
beat or bo beaten , and If wo are beaten wo
will at least know that those who have de
feated us have involved themselves in a
common ruin. Just so sure as a single gold
basis is adoped and the total amount of
gold productions of the country , which Is
only $10,000,000 , which will bo curtailed 40
per cent by the silver mines closing , just so
surely will the bankers of the cast own all
the property of this country as wp are sit
ting hero tonight on the anniversary of the
nation's birthday. "
1'ower to Biispmnl giliur Purchases.
WASHINGTON , July 5. The proposition
which has been talked of to adopt a resolu
tion at the extra session giving the president
power to suspend , until such a time as ho
may see fit , the purchase of silver bullion is \
ono that does not moot with approval and
the silver men say that they would light
such a proposition with as much vigor as
they would the repeal ot the Shermun
low : for they believe iho effect of such u
resolution In the hands of Mr. Cleveland ,
whoso views on silver are known , would bo
- the same aa the repeal.
Spain Is Not Affected.
MUHIIP , July C. In the Cortes the min
ister of finance said that Sp.iin had no need
to adopt special measures to meet the silver
crisis. Ho believed the depression would
[ boon bo over ,
Hank I'ullnro nt Winnipeg.
WiXNii-co , July fi. The Commercial bank
has gone Into liquidation. Liabilities , ? ! , -
"
, 'JTO.OOO . ; assets , ? 1)31,000. ! ) The bills of the
bunk uro good under the Dominion law ,
J'xpnrtliiK hllv r ,
Niw : YOIIK , July fi. Three hundred and
thirty thousand ounces of silver will go out
on cno. steamer tomorrow.
KHIISIU Hunk < ioe linden.
GAKUU.S ( * ITY , Kan. , July B. The Finley
d County bank bus failed. No statement.
-
-
,
They Threaten to Assasslnnt a lllijli HUB.
tin n Olllcntl Visiting Here ,
New YOIIK , July 5. Soon after the ar
. rival bore last Sunday of General S. M ,
Is ; Donhovsky , recently appointed governor
general of Siberia , with a largo party bound
for the World's fair , the clerk at the Claren
. don hotel , where the party is staying , re
ceived a letter a letter signed , "A victim ol
Siberia. " In it tlio writer says A certain or.
gaiilzation in Now York Is plotting to kill
Donhovsky , He also says but for his inter.
, cnec thoorganliution would have made an
attempt to destroy the Russian mcn-of-wai
u- in the harbor. The letter was sent to SuperIntendent
Intendont Byrnes , unit , it is said , ho has
made preparations to prevent any attempt
at assassination.
. Detained ut
is NEW YOIIK , July 5. Notwithstanding im
iner
, pile It denial by Captain Laub of Iho steamei
' lUcla of the ThlngvallA line , which arrivet
° cdy
this morning , the passengers of the Sand ;
ot Hook steamer Insist that they saw mat
tresses thrown overboard from the stcamc
while coming up the bay this morning. Tin
mailer was brought to the attention of Dr
liltJenkins , who caused the vessel to be lo-
) , talued at quarantine until his return froii
ubtho city ,
is Tlio steerage was thoroughly disinfcctei
the and the steamer released. Further inves
or thmlUm will hu made.
as i M lu > npiaiu of the National line steame
. i Kiu'upo reports that ho pitbsed a largo quur
the Illy of beddiug off Montuuk point thl
morning %
DOCTORS STILL DISAGREE
London and Manchester Merchants and
Banksrs Dlsou'3 the Situation.
SOME ENGLISH SENTIMENT ON SILVER
Various Finns SnifResteil to Urlng Abnnt
n llt-I'MnlilUlinicnt. of Conlldence Only
Ono Thine ; Agreed On niul that Is
to Walt ( or Congress.
[ Cnp/roitft | / ? ( IS93 liy Jamt * ( Jordan n niicf"-l
LONDON , July 6. [ Now York Herald
Cable Special to TUB BED. ] Both In Lon
don and Manchester , which latter city Is
today the homo of the English blmetalllst ,
as it was formerly of the Cobden free trader
interest In the recent action concerning sil
ver by the Indian council grows apace. In
London yesterday I saw business men of
widely differing interests who yet wcro nt
ono In the keen attention they bestowed on
the present situation. Interested as they
are , however , there seems to be a general
disposition to say as little as possible , and to
wait for developments. The London repre
sentative of J. S. Morgan & Co. said :
" 1 for ono am inclined to think the pres
ent scared attitude of the public Is not war
ranted by the actual facts. Nothing really
definite can bo said until it Is seen how the
natives of India are going to regard the gov
ernment's action. If they make up their
minds that silver Is a depreciated
metal and begin to hoard gold the fact
that there is u balance of ten or twelve
millions in their favor will seriously
affect our money markets. 1 am inclinud to
think that the innate conservatism of the
Hindoo and the fact that ho has boon using *
silver and looking upon It as the only means
of exchange for many centuries , will render
the action of the government of much less
account than Is generally supposed. If I ain
not very wrong in my forecast , in a. short
"time matters will have adjusted themselves
aud trade How on as uninterruptedly as
over. "
There Are 'Ninny Contingencies.
The chief partner of the ilrin of Sharps
&Wllkius of Great Winchester street , the
leading silver bullion brokers of London ,
said : "It Is impossible at the present stage
of the game to say anything very definite.
Anything regarding the future of silver de
pends on the many ifs with which the sit
uation bristles. At present silver is ab
normally low. I , for one , would not bo sur
prised to see it even lower. I am inclined to
doubt the stories of the closing down
of so many mines , but if the owners
have taken this course It Is so much the
better for the rest of us who have silver lu
our possession. Of course the United States
government must and will take stops to
straighten things out. Wo are awaiting
exact knowledge of what these steps will bo
with not a little anxiety. "
William Gibson , president of the Gold
smiths and Silversmiths company , ono of
the largest of English concerns employing
silver in arts , said : "I own to reeling for
a long time a trust that the policy the silver
mine owners should pursue should bo in
the direction of radical cheapening of the
metal. Many owners , I am convinced , will
find it would pay were they to produce silver
and place it on the market at a price much
lower than ever touched before in the
history of the world , providing they can ob
tain a largo enough market. That market
we , with other largo users of 'silver , would
guarantee , wore the price per ounce such as
would allow us to use silver in the arts
whcro wo are now forced to employ base
metal. Of course the bimetalllsts will say
1 am talking rank heresy , but I am con
vinced there is but the one way at last out
of the difficulty. Otherwise it will increase
ustead of diminishing. "
I'ecllnB In Manchester.
For some time past the first inquiry of
Manchester shippers and manufacturers on
arriving on 'chance has been , not "What is
cotton today ? " but "What is silver ? " There
fore I took occasion today to procure the
views of the principal Manchester merchants
engaged in tbo eastern trade.
W. E. Don Ington , one of the principals of
the largo eastern house of Frazers Sons com
pany , one of the most active spirits of the
Manchester bimetallic school , said : "Tho
closing of the Indian mints to silver was an
unsound mcasilra which has been forced on
the government of India by the inability of
the Imperial government to grasp the true
significance of the currency question. The
maintenance of rupee paper at one-fourth
appears to rest entirely upon the continu-
| anco of the balance of trade in favor of India ,
destroy. I little doubt the leap in the dark ,
which has been forced on India by the atti
tude of the homo government toward cur
rency reform , will afford an object lesson
which will cause the British public to Join in
the demand for an International settlement
of this vexed question , namely , by interna
tional bimetallism , but I fear the lesson will
bo severe , and these who learn it uill have
reason to regret the troubles which their
apathy , and , in some cases , selfishness has
brought upon themselves. "
W. H. MeNelll , secretary of the Blmetallio
league , declined at the present stage to say
anything Officially. He admitted , however ,
that the feeling ot the league toward the
wisdom of the Sherman act is that it is a
valuable stop toward the utilization of sil
ver as money , The drawback is that the
measure represents individual action only ,
while the object of the league is to establish
international bimetallism.
As It Afluctn lllinetnlllsiu ,
Ulchard Musden , ono of the oldest mem
bers of the cotton trade said ; "The British
government in this case thinks a doutU blow
has been struck the Sherman law. Even
though the silver mines may shut down and
the owners start on the political warpath ,
the now position created must at an early
date command the attention of the nations
forming the Latin union. "
pany , who own largo mills in Bombay , said :
"Tho change will bo had for the Indian
mills for some timo. Within s week a differ-
_ enco of 20 per cent to the bad has taken
place. Although not n blmctalllst , I regard
the change as a step toward bimetallism. "
To show , however , that oven the mercan
tile doctors disagree , Donald Graham of the
- William Graham company , ono of the east
ern traders In the kingdom , said ; "The
change will prove a death blow to bi
metallism. "
y
Sir Frank Adam said that ho did not sec
-
how the change was going to help American
silver mine owners by bringing any bimetal
r. Ilsm about , "I don't think a dual monetary
- standard possible , and if It were I refuse tc
believe that it will remove the exchange
evils , which are crushing certain sections ol
- the Lancashire trado. "
Oilers of bllver.
- WASHINGTON , July 5. Inquiry at ho
Treasury department today as to , er
the amount of silver offered the govornincu
was as lartto now as fOrmcrty , < dovclopcd the
fact : that for the first six months of the cur
rent < calendar year the { > ffors ugcrcgated
52,300,000 ounces , while forthe same period
last l ! year there were only'4.1,7150,000 , show-
Inc an excess for the coriwpondtng period
of this year of 0aV,000 ) , which would indi
cate that the production of silver was not
falling off in the United States. The
amount of silver bullion imported for the
first six months of the calendar year , Includ
ing that In ores , was" 8,471,000 ounces , while
there that been exported 11,008,000. Of the
amount of sliver offered to the govcrmcnt
during this period 27,000,000 ounces were
purchased. ;
IN NIW : voiuc.
McotltiK of the Chtmlinr of Commerce At
tlio Suutronsnry.
Nr.w YORK , July 5. Much Interest Is being
manifested In the special mooting of the
Chamber of Commerce called for tomorrow.
The purpose of th'o meeting is "to consider
the present disturbed condition of the
finances of the country and to pass resolu
tions expressing' the views of the chamber
regarding thoprcscntstato of things and ad
vising the course of action which the cham
ber should consider most ; timely and cfHcicnt
for remedying existing ovlls. "
Those members who arc most actively urg
ing the chamber to take'a strong stand were
busy today bringing together men who rep
resent interests In various parts of the
nation.
"How New York feels and thinks Is pretty
well known , " said a member today. "That
will bo emphasized I hopo. But wo wish
also to hear all sectional .views , if there nro
any such. In this way the chamber's decis
ion may have weight ou gido of the state
and as far as its members have influence. "
I.nck ot Confidence.
The chief features in the monetary situa
tion today , according td'sovcral of the lead
ing bank presidents , jvcro unrest , lack of
conlldcnco and a scarcity of currency. The
latter Is apparently becc ming a very serious
matter , and some banks are pretty hard
pushed to secure enough to meet the de
mand upon them. Late Jpn- Monday after
noon orders were received by telegraph for
largo amounts of currency from Boston , Bal
timore. Philadelphia and Plttsburg.
A dispatch from Philadelphia today re
ported the refusal of a bank in that city
to pay a check on it for ? lf > 0,000 , In cash. The
holder of the check , it vAis said , would in
sist on the check being paid in cash today.
The bank can pay it all in silver dollars If it
cared to do so. , ,
Ono of the most influential members of
the Clearing Housa said this afternoon : "It
is all nonsense , this talk about an actual
scarcity of currency , but If'.everybody keeps
on talking about it , there will soon bo ono.
The banks have got plenty } > f cash , but the
trouble is they are attempting to hoard their
gold. They have got ti [ hundred million
dollars in gold and currency. The proper
thing for them to do wouldlbo to take some
of their gold to the subtrea i3ry and got cur
rency for it if they nro in'need of currency. "
Will Supply Currency.
Several bank officers called at the sub-
treusury this afternoon andasKed what they
nould get In the way of { currency if they
needed any. They did" not mention any
amounts , so that the treasury officials were
this afternoon unable , to form any opinion
what the probablo.demand , for currency will
bo before the close of business. The assistant
treasurer , however , mfornjed the bank offi
cials that the subtreasury would continue to
do as it had done ; namply , 10 give the banks
nil the currency they nccded in small notes
in exchange for greenback , gold certificates
or gold coin , and for no es gf the denomina
tion of $10 , " and upwards , Jargo treasury
notes woul4 bo received. * ' " '
The orders for currency , by- , mall this
morning' were reported astight , but it was
said that in view of Monday's experience , it
could not be estimatedthow much would be
shipped until the hour-htxdlpassod for the ro-
cclot of telegraphic orders.
Saturday it was hoped much of the cur
rency that had booir * drawn by savings
banks in this city and elsewhere for the
payment of interest and dividends would
begin to float back -into the banks of this
city. The president of ono of the national
banks , in speaking on the matter , said that
a large amount of currency was locked up in
the vaults of the trust companies. He knew
of one trust company that hod " ,000,000 of
currency locked up in that way. It had the
accounts of several savings banks and did
not know at what minute they might want
their money , and therefore did not like to
lend the money. It accordingly took the
$3,000,000 out of the national banks with
which it in turn kept its accounts , for fo-ir
that they might not be tihle or willing tojs > U
it have the currency when' needed. ' '
Doing : 1'verytliliiK to'Seflovo the Strain ,
At the subtreasury touny it was said tlia
there had been no telegraphic transfer o
money to any point tojia.y.but $200,000 In
small notes had been exchanged for largo
ones up to that hour. The 'scarcity ' of cur
rency in the banks , itwas ; said , was known
and everything had illeen done by the
treasury officials that was possible to save
the strain. During the , last week no less
than § 0,000,000 in currency had been paid out
by the subtreasury In this city in exchange
for largo notes ( greenbacks ) , gold certifi
cates , gold coin and local tender certificates.
The banks having checks on the subtreasury
had presented them direct instead of through
the Clearing House and bad received the
cash for them. The buhtrcasury in this city
has at present only SU',000,000 of currency
on hand , but It can draw for two or three
million moro from Washington if occasion
requires.
The Clearing House lo.\n \ committee issued
? 500,000 moro certificates today , thus making
the total amount now issued > : ilin,000. , ,
With reference to the very great difllculty
the Philadelphia bankr have had In getting
Now York exchange , as iriuch us * " > per $1-
000 was paid last week by some of them , In
order that they iniKht remit what they owed
to bankers in this city. It was reported
today that some of the older bank officers of
Philadelphia believe that something should
bo done to prevent the recurrence of such a
state of attaira , and for1 that purpose will
endeavor to bring about a change
in the monetary relations with
this city. It has * > been siigerested
In Philadelphia that that city should bo
made a central reserve , city for national
banks , the sum < as Chicago. If that were
done it Is believed ( by some Philadelphia's )
that from 610,000.000 to (115,000,000 , which
is now kept by Pennsylvania banks in tills
city would ha kept in Philadelphia instead.
A leading New York bJjnk president , however -
over , today laughed nc the suggestion , and
remarked that the Philadelphia banks
would bo still obliged to'keep large balances
in this city , "The Philadelphia banks , " ho
said , "are too slow , They should tuko out
plenty of ClearingIlo'use certificates and
that would release sufficient currency to pay
the money they owe ! td the Now York
banks. II
Appropriation llilli > Vil | Tuko Precedent.
WASHINGTON , July 5 , It has been btuted
" that the appropriation bills will bo taken up
"by the extra session before oven the finan
cial quenlon , At the Treasury department
it was learned that n request was made of
the various departments to submit their
estimates for the next fiscal year , before
the call of the extra , seb'slou. The request |
was that the estimates should bo sent in by
the IBth of September 4and it would take :
three wegics for tho.Treasury department to
place them in such a shape that they could
bo considered by the appropriations com
mittee.
Tut In Clmrt-e of Tullcd Hanks.
WASUINQTOX , July -I. Comptroller Eck \ -
els has order.'d Bank Examiner Wilson tto
take charge ot the failed First National
bank of Albuquerque. N , M , , and liv
Examiner Ferris to take charge of id
failed American National bank of Lead-
ville , Colo. He it. informed that the
failed First National bjuk of San Dlogc
resumed business today and Iho fulled ,
Washington bank of Spokane Wash. , will
resume business tomorrow.
( lulu In tlio Troitxnry ,
WASHINGTON , July n. The not gola in tin
treasury ut the close of business today was
WHICH MADE THE MISTAKE
Some Ksason to Beliova tbnt Tryon and
Maikhaifl Both Wore Wrong.
ONE COMMAND THAT WAS NOT HEARD
Arrival of the Cnmporilnmi nt Milt * Urluirs
n Tow More Dctulln of the Terrlblo
Disaster Hunmco to the
Vessel ,
Gordon " "eiuic'M
MALTA. July 5. INow York Herald Cable
-Special to TUB Bec.l The Camperdown
and lulloxlblo arrived from Tripoli at : ! K )
this morning. The Inlloxlblo saluted Tracy's
Hag , who was just promoted to bo vice ad
miral. The Campcrdown's band played
gaily until it reached its moorings. Hear
Admiral Markhara was not on board , having
remained with the llazship Nilo. The
Camperdown enters Somerset dock tomor
row > for examination and repairs. v ,
In oppearanco the Campordown is much
as usual. 1 rowed 'round ' her at her moor
ings , and observed the port side of the bow
was moro dialed aud bruised than the star
board , but both wcro scraped showing the
effect of the impact. The crew was en
gaged in removing tho-canvas which cov
ered the holes stove In the bow from the col
lision. The principal damugo is below the
water and will not bo vislbla until
she is docked. The stem under the
ram is broken and the ram itself is
twisted. The hole or holes wcro success
fully plugged at Tripoli and the ship pumped
clear of water within twenty hours
after the collision. The liguro head is the
only thing missing.
There Is homctlun lintiilil.
After examining the outside I went aboard
and had a chat with the officers and crow.
All were serious and profoundly regretful of
the disaster. Their particulars of the acci
dent tally exactly with the story telegraphed
the Herald. Trjon's order , however. Is
moro of a mystery , unless miscalculation of
the distance is accepted as a sufficient rea
son , which docs not seem possible for a manse
so exact , careful and competent.
I cannot avoid the Impression that some
thing was wrong , which lias not hitherto
been spoken of. One of the Camperdown's
officers stated that when the ships collided ,
Admiral Tryon was the only person on the
Victoria bridge , excepting Commander
Hawkins Smith , beciuso the admiral had
sent Captain Bourke , Lord Gifford and the
others away on various errands. As the
ships wcro approaching each other , and
when the collision was absolutely inevitable ,
Tryon called out some inquiry to Markhara ,
on the Campordown's bridge , which was not
clearly understood. Oa the Camperdown
the words sounded like , "Who did you dn ? "
or "Why did you not do ? " the rest not being
dlstiiict. The shock of the collision was not
sufficiently violent to upset a parson or
th'ngs ' on the Camperdown. Nothing was
disarranged. Even the silver prize vase on
its pedestal on the ward room table was not
'turned. , '
I I'ound the Camperdown discharging
powder and stores which had been in the
Hooded magazines. They were being sent
ashore for examination. It is stated that
after the collision Captain Johnstono ordered
all hands on deck because the Camperdown
was making much water , and it was sup
posed she would tjo down instead of the Vic
toria.
STOri'l'I ) HV ItAIN.
Student Illots In I'arls Checked by TTeuthcr
I.athi Quarter In u State of Siege.
[ Cojiyrlti'ited lSt.1 Ity Jamn Gordon Htnnctt. ]
PAIUS , July 5. "New Vorlc Herald Cable
Special to THE BEE. I Comparative quiet
is re-established this evening , thanks to the
bad weather. The government has had a
powerful auxiliary in the rain In preventing
gatherings of unusual magnitude. In splto
of the apparent calm , however , the Latin
quarter Is occupied by military and the
whole district Is llko a besieged city.
JACQUES Sr. CEIID.
PLKASl'D WITH I'OKTEK.
Minister I gan * Successor Warmly Ite-
cclveil liy thn Ulillliin Unverninent.
[ Copyr"o"i" . ' < 1B03 tJi/Jatnca Gordon Itcnnctt. ]
VALPAIIAISO , Chili ( via Galvcston , Tex. ) ,
July 5. [ By Mexican Cable to the Now
York Herald Special to TUB BEB. ] United
States Minister Porter was formally pre
sented yesterday to President Montt. Ho
was mot at the entrance to the Moiieda
by 800 officials of the government
and waitely cheered. In receiving
Minister Porter , President Montt said
ho regarded the national holiday
of the United States as an auspicious time
for the renewal of the friendships between
Chill and the great republic ; of the north.
Ho asked the minister to inform Presi
dent Cleveland and the people of
'
the United States of the sincere
desire of Chili and her citizens to
regard them as friends. The tlrst nation on
the American continent to secure freedom
from the oppression of European rulers was
believed by Chili to bo her truest friend ,
Ho congratulated himself upon being able to
receive , and President Cleveland upon send
ing , so able u man as Mr , Porter us the
minister from the United States.
Minister Porter's reply to the address of
President Montt was well received by the
Chilians. Ho said President Cleveland had
instructed him to inform the Chilian people
of his deslro to draw closer the bonds of
friendship. Ho hoped that former disagree-
mcnts would bo forgotten.
Patrick Egan then presented the letter re
calling him to the United States , President
Montt replied briefly , but without showing
any friendship for the retiring minister. In
clubs and other places whcro Chilians
gather Minister Porter's speech is warmly
praised. When the new minister left
the Moneda the crowd In the streets gave
cheers for Minister Porter and President
Cleveland , The people arc generally glad
that Egan's mission is done ,
The troubles in Argentina have not n
settled. The Herald's ' it
in Buenos Ayres telegraphs that
itD
Qulntano has declined to form a cab
inet. Meanwhile the members of the old
cabinet , believing their resignations had
been accepted did not attend the meeting
called by him for last night. Army officers
generally appear to be indifferent to the sit
uation , but the chiefs of the police force
have assured President Pena of their sup.
port. The Herald's correspondent in Rivera
telegraphs that General Tcllcs is fortifying
Petolas.
- of Smallpox.
MANAGUA , Nicaragua ( via Galvcstou ,
Tex. ) , July 5. [ By Mexican Cable to the
York Herald Special to TUB BBK.J
The epidemic of smallpox is iucreaulag , Al
the hospitals are filled with patients , and
general alarm is felt. The epidemic ha :
spread to Granada , Leon and Masayu , ilivai
alone having escaped its ravages. Money li
. .
.
bcln raised by poptj Imbscrlptton to aid
the people who are \ Hng from the con-
tnplon. , I
General Atipustln Rlcz and Joaquln
Xnvala will probablj Jcandldatcs for the
nomination as i > rcsldcnt"lTy the conservative
party. General Sanbos Zclnyn will bo the
candidate of the liberal party , but the con
servatives will elect their candidate ,
I'rrnN Critical Condition.
LIMA , Peru ( via Gnlvcston , Tex. ) , July
5. [ By Mexican Cable to the New York
Herald Special to Tun BKH. ] Excitement
over the approaching meeting of congress to
elect a president Is Increasing. An outbreak
may occur at any time. The government
has warned the leaders of all political parties
that political meetings will bo suppressed If
( nny attempt is made to Interfere with the
peaceful sitting of congress.
A brilliant reception was Riven last night
by the American hullcs of Limn In honor of
the Fourth of July. Many Peruvian ladies
attended and enjoyed the dance which followed -
lowed the reception. The United States
minister made n speech In which ho compll-
mcntcd the Herald and wished it success.
Oliver O. Pike has retired from the house
of Grace & Co.
I'liinima AfT.tlri ,
PANAMA , Colombia ( via Gnlvcston , Tex. ) ,
July 5. [ By Mexican Cable to the New
York Herald Special to TUB Bnii.l Thomas
Adams , the retiring consul general from the
United States , sailed from Now York today
on the steamer Colombia. M. Macint , the
minister from Franco at Bogota , lias been
recalled. .M. Bourcarllla , secretary of the
delegation , will perfoim the duties of the
minister until a new one has been appointed.
Tile Herald correspondent In La Guayara
wires that Mrs. Hanna , wife of the United
States consul ) will sail tomorrow on the Ketl
D line steamer Venezuela for New York.
She will be accompanied by n party of
friends who will visit the Chicatro fair.
The impression produced in Peru by the
warlike preparations going on across the
Bolivian border has , despldc the repeated
peaceful and friendly assurances of the
minister resident acrcdlted by the La Paz
government to Lima , given rise to public
and semi-official expressions of grave
distrust. The Lima and Callao press diplo
matically refrain from comments , but the
opinion is that at a moment when it is least
cxpoetcd , possibly before the internal polit
ical agitation now commencing Is repressed ,
something may occur to bring on a clash oe-
twccn Peru and Its mid-Andean neighbor , an
old time ally. I do not moan that Presi
dent Bernnulez nor the followers of cither
General Caceres or General PIcrola will do-
libaratoly commit any act calculated to pro
voke a foreign attack upon their common
country , but Bolivia , egged on by Chill , Is
known to bo upon the aiort and may upon
the least excuse assume the aggressive at
any moment.
In Ilondiuus.
Intelligence reaches mo from Honduras
that President Lcvl , whoso ill health
prompted him to retire temporarily from the
direction of the government and call Vice
President Aguerro to the executive chair
in January last , is anxious to resume office
a ul servo out the remainder of his constitu-
uotial term , which does not expire until
December 1. 16'J4. General Lcvl refuses to
recognize the right of Dr. Asnorro to re-
tratisfer the presidency tj Vasquez , the
dictator , and has published an addicts to
the country denunciatin ? the act as illegal
and void. General Barahona , It is claimed ,
has undertaken to organize and lead a force
against the capitol in Levi's favor , and ex-
Presldcnt Bogran | s aaid to bo in sympathy
-with the now movement.
The HeraUVs correspondent nt Tegucigalpa ,
however , fails to verify this report and
in , response' to an inquiry tele
graphs : "Levi's manifesto creates -no
apprehension hero of further trouble
Bogran commands a small guerrilla band
only. Bojrran Is still in Santa
Barbara living quietly upon his cof
fee estate , engrossed in the sox'cral
enterprises in which together with Major
Burke ho is heavily Interested. His connec
tion in any way with Levi's proposed revolu
tionary movement is quite improbable. "
Owing to the giowth of the revolutionary
movement in Ecuador tno council of state
at Quito has conferred extraordinary
powers unon President Cordero. The latter ,
in turn , has declared a state of seice and
placed the rebellious district under military
rule. National troops have occm dispatched
to the localities as trouble is feared.
TIIOIlNIHI.t/.S mSASTKH.
Work of Kosculnc ; the ImprUoiied Minors
niul ItccnM-rlni ; tlio Demi.
LONDON , July 15. The work of rescuing the
living miners and of recovering the bodies
ol the dead Is bcinp : pushed as rapidly as
possible In Ingram's colliery , Thornhill ,
Yorkshire , the scene of yesterday's disaster
that entombed the day shift of M5 men.
Late this evening the rescuers had brought
clchty-elght bodies to the surface. Two men
were brought up in a unconscious condition ,
but tttiil 'breathing , aud hopes are enter
tained that they will recover. Six men who
hnd sustained no Injury whatever , but had
been imprisoned behind a huge mans of
dobrls , ivcro dug out this evening : . When
they appeared at the mouth of the pit they
wcro greeted in a most touching manner by
their relatives and friends.
No reason has been given for the explo
sion , but the conjecture Is that It wan
caused by carelessness on the part of ono of
the miners In opening his lamp.
Elpht men and a boy have been rescued
All hope for the others In the pits Is aban
doned.
Action of tlio I.nt In Union ,
ROME , July 5. Negotiations nro proceed
ing between the governments of Italy ,
France , Belgium and Switzerland looking
to the protection of the interests of the
nations composing the Latin union , having
In view the action of the government of
India in regard to the silver currency of
India. It is bolloved that none of the mem
bers of the union will.wlthdruw from it.
In Borne the minting of one-half , ono and
two frano pieces has been almost suspended ,
A few Jive franc pieces uro still being coined.
Bnni.iN , July 5. The Kcichstag , by a
largo majority , oloctoJ Herr von Lovotzow ,
conservative , president , Baron von Buel ,
clerical , fiist vice president , and Herr
Buerklln , national liberal , secretary and
vice president. The iirmv bill will be In
troduced lu the Reichstag Friday next.
Attempted Aksuiilimtlon ,
ST , PcTnusnrna , July G. An attempt was
made today tounsasslnatoM. Pobiodonoszoff ,
a member of the council of the oinplro and
the supreme tribunal. An rx-ueminarist
named Ghlnrlntof tried to stab the minister
with u dagger at his residence , but was
placed under arrest.
I.nunelieil n lllc htfiimrr.
GLASGOW , July G. Donny Bros. , ship
builders of Dunbarton , have launched a steel
twin screwj cargo and passenger steamer of
10,000 tons , built for the American lino. Shn
Is Intended to ply between Liverpool and
Philadelphia. She was christened the South-
work. .
Victoria Will Atti'itil tlio Wedding : .
LONDON , July fi. The queen arrived at
Buckingham palace from Wlndhor castle
today for the purpose of attending the
* riage of iho duke of York o d Princess May ,
which takes place at half past 12 tomorrow
at the Chapel Uoyul , St. James palace.
.
Captured un Alj i'inder ,
DKXVEH , July fl. George W. Stage ,
absconding city clerk of Pulnosvllla O. , was
captured at tut Markham hotel this morn-
in * by 1'oteotlves Conner and Burlow. Ho
had on his person two corlillcates of deposit ,
ono for fS.HS.'i on the Central Imnk of ( ; ievc-
land , and another for SJ-i'i on the First
National bnnk ot ChlciiKO , He alto Imd
Jl,18" > in money ,
np t fr"vT\ f'irrt7i'\T
OF A GENOA CITIZliN
Andww Dabnny Shoots Ilia Wo and Jumps
Into the Loup ,
DOMESTIC TROUBLE CAUSED THE AFFAIR
Indications tint the \Vouht-llo Mtmlartr
Muclo Ills KtcRpo by Swimming Down
tlio Illvcr Little Prolmlulltj- Hint
tlio Wotnnn Will Itccovcr.
GKXOA , July fi. [ Special Telegram to TUB
UKE. ] Ixist evening Andrew Dco.iny , living
nt tin- south end of the Lonp river bridge In
this city , attempted to kill hU wife , and
subsequently drown hlnisoU In the Loup
river. Uobnny Is a Polamler who has resided -
sided In Nebraska about twenty years , com
ing to Nanco county from Platte county ,
north of Columbus. For some time there
has been trouble between him and his wife ,
which culminated last week , in his wife
leaving him and instituting divorce pro
ceedings.
Dobany concluded to determine the dlvorca
proceedings according to his own Ideas of
equity. He purchased a US-caliber revolver
and went to the place whcro his wife had
taken shelter and at once emptied th'o ilvo
loads of the revolver into her breast. Not
satisfied thatjils fiendish work was accom
plished ho then jumped and stamped upon
her head and face , dlsllgurlng her almost be
yond recognition. The wife was In a dell-
eat o condition , and her recovery is almost
impossible.
.In m PCM ! Into tlio ItlviT.
Debany then ran and Jumped Into the
Limp river , declaring that ho was going to
drown himself. His children followed him
and saw him swim down the tlvcr for h.ilf a
mile and then crawl out on the bank , whcro
they went and talked to him. He de
clared ho was going to drown himself
and Instructed them to return to their
dead mother. Ho again jumped Into the
river and baa not been seen or hoard from
slnco. Officers and citizens have been mak
ing a thorough search for him , but thus far
have been unsuccessful. The prevailing
opinion Is that he has not suicided but has
taken this course to make his escape.
Speedy justice will bo moled out to him in
case ho is captured , Dcb.iny is aoout 43
years of ano , stout , weighs about 140 pounds ,
wears his mustache cropped short and has
his haircut square across the bank of his
neck. Ho owns considerable real estate in
Nance and Platte counties , for a division o (
which the wife had applied in her divorce
proceeding- ! .
Four small children and a grown son re
main. Their sympathies wcro with the
mother.
Ho it * thought to bo hiding in the brush
upon some of the Islands south of town and
a posse is being organized to search for him.
Mrs. Debany is still alive , but there is little
hope of her recovery entertained.
De"bany's brother wns airested for threat
ening to < hoot one of his nephews last evenIng -
Ing and is lodged in Jail here. The general
opinion prevails that Debany will make for
Michigan , from which state ho came hero
and whcro ho has relatives.
Debany Is an ugly customer and was re
cently arrested and put under bonds for
threatening to kill his wifo.
I'lni Creok'g Fourth.
ELM Citccic , July 5. [ Special Telegram to
Tin ; BEE. ] The Fourth wns celebrated hero
yesterday. About 3,000 people from the surrounding -
rounding country were present io tana part
in the games and races.
John Bergcr , a young man from Kearney ,
was shot in the hand by a farmer named
Sheldon during u light over dlco. In the
evening a grand display of fireworks was
made.
liXi'Kciiffa .if , auruitiUK.
Hlvnl I'fictlons In the Cliochiw Nation
Iloadr to Flu-lit.
Wii.nuiiTON , I. T. , July 5. The situation
hero today has remained much the same as
yesterday. While there is no outspoken do-
slro on tl.o part of anybody to cause trouble ,
the fact that the Indians are heavily armed
Is considered as an indication of troubla
ahe.id. The utmost silence prevails and
everything is still as death. Old timers re
gard tills as the wotst phase of the situation
and predict that blooJshcd will follow soon
after the execution occurs , if not before.
The Indian military , which has been
stationed hero over slnco the trial of
the condemned men was finished in the civil
court , js being constantly Incwused. Yester
day the troops were reinforced and it is under
stood that others will urrivo today and to
morrow. ,
Up to sundown no word had been received
from Governor Jones indicating that the
sheriff would bo interfered with. The con
tract for constructing tlio coffins and Inter-
ing the remains 6f the four doomed Indians
has been lot and the work is well under way.
The militia is active and stands ready to
carry out the orders of the sheriff. Should
the War department Interfere and send
troops to stay the execution , lu the opinion
of nearly everybody , such a course would
simply bo adding now trouble to the situa
tion , for the Indians will not recognize any
authority of the general government to Inter
fere with the Choctaw laws , If troops are
dispatched to this point they will have to
make double quick time. There are no
troops nearer than Antlers and to got them
here would require quick work. In case the
troops should come In on time the force
would bo Insufficient to quell the disturb
ance that is looked for. The least mistake
In handling the affair might result In great
loss of life on both sides. Much bad blood
hrs been engendered by the investigation
made by Inspector Falsnn , and If a mistake
ia made and the torch lighted anew the gov
ernment may look for serious consequences.
DALLAS , fox. , July 5. Secretary Smith of
the Interior department has wired Indian
Inspector F.ilson , says n News Paris , Tex. ,
special , to Issue an order to the Cnoctavr
authorities to prevent the execution of tti
llvo Choclaws who were to bo shot Friday ,
IN Ul'Jifi MUTINY.
Hoys In the Itcfurni bclionl ut Topeki , K n > i
luuso ! New OlllcinU Trouble ,
TOITKA , July 5. When Mr , Hitchcock ,
the new superintendent of the State Reform
school , took possession of the institution
July 1 , ho was immediately deserted by the
subordinate employes , Ho also found tlio
boys In almost open mutiny and the situ&-
tlon wa so grave that ho telegraphed for
fiomo members of the SUto Board of Char
itlea to coma and assist him in restoring
ordor.
M. A. Householder , a member of the board.
naya the desertion of the subordinates and
the conduct of iho boys were Inspired b y
the retiring officers , who wore offended b 4-
cause now officers had been appointed. Ho
Kays that he has positive proof that the boyn
were Informed the day before the nn\v cm-
cers took possession "not all rules were off
and they might do as they pleased. Con
sequently , when Hitchcock hummed the di
rection of affairs , the boys paid him no r 3
npect.
Dciprriidni in ( 'nitoiljr , / *
DENvuii , July 5.-United States Marshal r
A , W , Drown arrived iu the city this after- . '
nocn , having In custody the two members of
the Starr ( rang recently captured at Colorado
rado Springs. His prisoners are Henry
Starr and Kid Wilson , whu uro both wanted \
for crimes committed In a dozen different
Htaies. They wcro shackKv } together. Mar
shal Drown took them 'o thn county Jull
where they will ! ) .tcp ! tii.ttl ths requisition
papers uio ubta.liu > ' 'rou ( Iciroruor Walto.
MurNltai liruuii v i i i-n talcn his prisoners
lo 1'orb Smith , Arheio they will bo
tiieil for the railroad rolbiry ) ) itctatly
mlttc.l noir that plftco.
