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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (July 29, 1893)
rnra OMAHA lurry HR.F..M . SATURDAY , .iri/v 20 tif tlio rotii-AO of the Hank of England. Ily letting tlm ImiKirter * liavo monny nt 0 per cent , with tlin rates for exchange fit their pit-sent flgurr.1 , lhay cannot ltn | > ort the gold nt n iirollt. You mny say further tlint the gold which U to bo shipped to this sldo to morrow consUta nmlnly of American com , eagle * nnd double eagles. " lluylng Stock * for Another hank olllcersald ! "This Importa tion of gold I * n vor.v simple matter In rnnhty. Brokers here nro buying stocks for Knroponn Investors , nnd nro drawing against thorn. That makes the rates low. Bankers buy thcso bills , and they -will got gold for them from the other sldo. " The clearing Intnn committee mot today , nnd after tha ( tension It was learned that another Issue of Jl.KpO.OOO of loancertlflcntc * had been authorized. It was authoritatively stated that the Issue of certificates was dlrec-ttv connected with Importations of gold , i'lio same statement was made with regard to the certificates Issued .Yesterday. A member of the i-lcarliiR house , when asked the caiiso for tho'lssno of cortlttcatcs yester day and today , explained that there were * largo maturities nt tills tlmo and the banks wcro preparing to renew the e which could not bo negotiated In the open market. The boars , said this member of tlin committee , might possibly mo the issue of certificates ns an argument In support of their pessimis tic views , but In reality It was n Rood hull argument , ns was evidenced by the liberal spirit of thn banks nnd their determination to tnkocaroof their customers In the pres ent financial crisis , At tlin Suhtrritmiry. The subtre.isury was debtor nt the clearIng - Ing house f 'J7,000 nnd about $100,000 of that sum was paid in goU. Tun demand at the gubtrcasury this morning by tlio banks for currency wns reported to bo very largo np to 11 o'clock and It is said that the Indica tions nt 11 o'clock wore that payments toaay would bo very largo. The haiucs would bo accommodated vor.v largely with currency , tho'balanco being'made"up" gold where small notes could not bo given. Atttio banks today It was said there wore nmny.domnmU for currency from Boston unit Philadelphia. The determination , the bank officials said , of the Clilrago clearing house nt last to issue loan ccrtitlcitcs , would re- llovo thu banks of this city of the necessity of shipping more cash to Chicago. The orders for currency continued to ar rive during the day nnd called for vor.v largo amounts. One bank president estimated the amount to bo , ' ,000.000. The demand was iulto | ironcral , though especially heavy from Philadelphia and heaviest of all from Boston. At riiilniluliililn. The condition of affairs Jin Philadelphia today was reported to bo unchanged. Several - oral banks hero still refuse to accept chocks on that city for collection and no little In convenience Is caused to merchants thereby. The collection of out-of-town checks has boon rather annoying to the banks hero , because their arrangements therefor in a great many instances have bccomo upset by the failure of so many country banks. Unnks absolutely do not know where to send checks on some cities for collection at the present time. From statements made by the oflleitils ot several railroads today regarding the trims'- fcrs of stock , It Is apparent that there Is largo Investment buying , but in unprece dented quantities of small lots. Vice Presi dent Sykes of the Northwestern said : "Since .lime l7. } up to today , the transfers amount to $3,270,000 common stock , of which $1,1170,000 was in 100-shnre notes , and $1.00- : ! 000 wcro for fractional i-ortillcatcs. For these certificates thcro are 800 holders. Tills , I consider , un unprecedented amount of fractional transfers. Nearly all of this is for investment nnd is In small lots of from flvo to 100 shares. " At the olllco ot the Chicago , Milwaukee & St. "Paul it was stated that the transfers in the last month amounted to about 1,000,000 shares , all in full lots. Ono lot of llfty shares was divided up among seven people. The officials in the St. Paul oRIco said that they never know of such tin amount of small transfers. lIUAIKSTItKKT'M UKV1KW OP THADK. Although Trillin lint llean Itomrlctoil u Hnttitr Konllnc I'n-vnlU. , , Niw YOUK , July "S. nrads.trout's weekly ( rovlow of the state of tr.itlo will tomorrow r say : The volume of general trade has boon further restricted , and there Is no reason to report an improvement in business as a whole. Nearly twenty banks at Indianapolis , Louisville , Milwaukee , HelenSnokano : and Portland , Ore. , have boon compsllcd to sus pend payment , not counting smaller ihiancial Institutions in smaller centers. Indianapolis wires that the bank suspensions thcro nro not believed , to have affected other banks , ' and fears are not now entertained of further i embarrassment. The flvo bank suspensions at Louisville wcro precipitated largely by 'withdrawals of deposits by country banks , but the worst is believed to bo over. Money is returning and there is a disposition to aid merchants whoso funds are tied up in suspended banks. A shock was caused by the suspension of four banks at Milwaukee , as a number of other important business houses nro embarrassed , but It is believed the crisis is past. The volume ot trade is about half thu usual total. Confidence In remaining Milwaukee banks U maintained. An uneasy feeling results from suspension of the hanks at Portland , Ore. , whern it is practically Impossible to realize on securities. There is n better feeling at , Denver , but the number of mercantile fail ures In that state Is not lessoned. ( Jencral trade is assuming normal ccndi- ' tions slowly. Mercantile collections are ox- tro'iiely dinicult anil silver camps are at a standstill , Depression- trade has had something to do with closing the clearing house at Hutchinson , Kan. , Helena , Salt 1 J-iako and Charleston. 1 Interior Truilo. The condition of interior trade is char acterized in our Chicago trade dispatch , which says business thuro Is quiet in nil I lines , wholesale huusus are not sending cut all their traveling men , and those sent are not pushing .sales. Few orders tire received for fall ami winter delivery , and the volume of general business at that center Is ad- t inltiod much smaller than at like period last | year. Orders given early this season in leading staple lines tire bolng canceled ami hike freights are so low that many vessels | have boon- laid up. In contrast , the mild i ' but welcome Improvement at Billlniora , | . Now Orleans , MimicaK | > lls and San Fran- I cUco is worth noting. At the first casior ; money Is passed on smaller demands , duo to | thn smaller volume of trade , but Now I * Orleans duclarcs tno ucnoral stringency has I i had less inllucnci ) there than elsewhere. Minneapolis ruporti the volume of trade I'll if for the season , and the receipts of orders for dry goods for future delivery Rood. At San Francisco the general situation is easier and free arrivals of wheat ut tidewater - water are stimulating business. In ( ho .South. Taking the south as a whole there is prac tically no chaiigo this week In t'.ie money market ur state of trade and Industry , col lections bulngslow and business only fair for thn soa.inn at host , Throughout thn eastern and mlddlo status thn unwillingness of inumifar.turcrs of iron , itcel , wool , cotton , shoes anil other staples K > pile up stock 1 s resulting In many facto- rli-s working on part time or closed on com pletion ot orders. The same money strln- pmicy In loading murUels appears , There llIs no demand for mercantllu paper and banks : outlnno to nc.ommodato customers , In many > instances , oven more con.turvativo than horoloforo. Mercantile failures throughout the . d ritati-j this week continue heavy. A in of those apparent failures after .settlement will not bo actual failures. Hrndstreot's exclusive reports of exports of wheat from all United States ports ( and Montreal ) for thu week show u total of 4- , lUM.ooO bushels sent abroad , as cunipan Ss with fi.OTT.OOO bushels last week , with 2&r > Ssa UOX ) bushels In the last week of July , Ittttt , and 11,104.000 bushels In IS'.U. We estimate thn world's available supply decreased di about 100,000 bushels last week. ed wheat prospects In Indiana , Illimlx , Hi gan , the Dakotns tuul Iowa noccoitato a re vision ef the bull estimate of tno harvest rela those status- . Two lluiulreil .Mull Thronu Out of Work. WoiicesTKit , Mass. , July US. RV. . Chapln & Co. , manufacturers of satlnatlcs at North- bore , have assigned. Mr. Chapln failed two year * age. Thu mill employ * UOO hands , No statement has been obtained , fulluro \Vyuuiliiff llniiUm. RHCTKSNK , Wyo. . July "S. [ Special Tele- train UiTjiK } ! . ] lUrron Uroj. , bankers nt Ijiisk. failed today. The depositors will bo paid in full. The president U In the east after money nnd oxpoots to bo Mile to too - o | > en In n few days , ( JI.KAIIINO IIOUrtK STArilMKNTS. lint IViw of Hie l.rnillii * Cltlr * Show nn Incrrnn * Ovrr I.ml Your. NuwYoKK , July 23. This table , compiled by Hr.vlstrpot's , shows the bank clearings for the week onrtlng July 23 , with the per- ccntagn of increase or doorcase as com pared with last year : A Dimilnlon f > r Monln-nl 10.875'JIIS Toronto n.iu.74r : : Halifax HiinilUon 11.t : Total. 7:1:1 : : . .v.w. O.'J notIni3luili.-il.lii totals. WAI.f , STKUKT FOH A WKKK. Ncrvniunoss C'luirnrtiTlzi-il the ' .Mnrkot for Tlm i' , but u Hotter l-'iiiillitv : 1'ruv.ills. Nr.w YOUR , July 28. Uradstrcet's Weekly Hovicw of Wall Street will tomorrow say : "Wall street is apparently under the impres sion that the severe fall In prices and semi- panicky demonstrations on last Wednesday are the culmination of the protracted de cline. Renewed bank troubles in the west , with fresh symptoms of pressure in the New .York loan market , crout'jd a very nervous feeling and rendered the market repo for the break which cams vrhon the failure of the Marino bank at Milwaukee and the re ceivership of the Erie was announced. The depression , while it lasted , was the sharp est ' seen in the present year of disturbance , all values suffering , though the noteworthy feature was the case with which the combined liquidation nnd bear attacks car ried down the prices of the high grade in vestment stocks until they reached figures unparalleled in many yoars. The loan mar ket j was'naturally affected , money on call rising i to one-eighth of 1 per cent per day , while two failures were duo to the diflloulty experienced in carrying largo blocks of spe cialties. Humors of fresh disasters wcro circulated , but failed to materialize , and though the speculative bulls appeared to bo demoralized and cowed to a degree which prevented the organization of any effective resistance , an unexpectedly strong- buying demand appeared from the investing public. Purchases of fractional lots by investors at the decline wcro heavy ana assumed larger proportions on Thursday , while through out the break , and on the subsequent day , Ixjndon and the continent were buyers , botn for investment and speculative ac counts , and on an exceedingly largo scale. The absorption of stocks by European in vestors , supplemented by the covering out of contracts , supplied the basis for the re covery which i-amo on Thursday , although the improvement was delayed by the circu lation of reports that the Stock exchange authorities would consider the propriety of closing the institution temporarily as n means of "allaying the situation. " The prompt denial of this absurd rumor was fol- lowud by a break in exchange rates on the fornign demand for stocks , and the engage ment of $100IK)0 ! , ) gold in London , while the money market subsided , from its high level. The absence of further disasters also had a duo effect and aided materially in restoring tone and confidence to the street. TI1K OFFICIALS. Dolunot Stiito I In n U of I'r.mklln Unit Iloan Insolvent Six .Month.- . . FIIANKI.I.V , July US. [ Special Telegram to Tin : Km ; . ] William Douglas , cashier of the dtitunct State Dank of bVanklin , was ar rested today on a warrant sworn out by J , W. Itobluson , editor of the Republican , on the charge or receiving dopjslts when the bank was insolvent. County Attorney Whltmoro prosecuted thu caso. The case wax tried before Justice Thompson and UoughiH was bound over for trial at the next term of court. Hall was fixed at $1,500 , In default of which ho was'tak-on to jail. A number of warrants have boon sworn out against Douglas foronibiuilumunt , rocelvlng money under false pretense , etc. H Is the In- toiuion of the dotrosltors to send the guilty ofllcor to the penitentiary. Uauu Examiner Cowiiery A were while on the stand that the bank hail been Insolvent for the past six months. Ofilcors nro after Adjutant Gen- cral Gage , president of the bunk , who will also bo prosecuted. Colorn < li > hllv n * Ailvui.-ntcii. Diixvr.n , July SS.Tho transportation and ilnanco committees and delegates to the Chicago cage silver convention mot ut thu Chamber of Cotiimorce today. No definite arrange ments have yet buin ; made , and thu mooting adjourned until tomorrow morning. The number of people who will go from Colorado will bo nnarl.V JKH > , onu-thlrd of whom huvoslgnlllod their Intention of going over roads running vi't Kansas City , Final ur- rangiimentti will uo announced at tomorrow's mooting. Silver Mlnin Altui-lii-il. DKNVUK , July US.- The C'ontidenco mines , Mngotlen mountain ! ) , have boon attached by Silver City , N. M. , banks and mer chants and the PiMt National bank of this .city , The attachments aggregate $45,000. Tlm mliH's are owned by ( leorge Crawford of . ' ) Wall street , New Vorx , and were about to bo incorporated as the Helen Min ing company. AIniln u fliinoiiil Aisiinment. ItuooKUTN , July S. JoiopH l.oi"oinpto- manufacturer of shoot metal , made a gen eral assignment today. U i * impossible nto learn the amount ot liabilities , bill they tore suld to bo greatly In excess of astou. MIIU Cloni. Ihnm. FAU. ItiVKK , Mais. , July US.--The Woeta- moo mill managers have aunouncoJ their In tention to shut down four weeks In August. Tha Flint and Amnrlcan Llnoa mills will hut ilovrn In August for n longer or snorter period The mills are well able to moot all their obligation * , but fool that U Is molns * to pay 8 per cent for tlmo loans to enable them to pay operatives' wngos. Many others are seriously considering the wisdom of closing for n short period. HOSTOX , July US. The Tromont nnd Suf folk mills at ixnTcll , Mass. . rrlll operate on half time , beginning next Monday , HiniiKFoni ) , Mo. , July 2S. The Now York mills In Saco will shut down for two wooks. This action is in accordance with an agree ment with all managers of mills In Now England , PnovinRNCB , July 23. The following mills In Hurrllvlllo have closed : A. L. Snylcs & Sons , Arnold & Perkins. Job Ptsko , William Tlnkham St Co. , and J. D. Nichols & Son. SKNATOlt VBST ON Till : SITUATION. Wlmt Ho Salil to u SI. I.ouU Ileportor on Mm Mimntnrr Uiirfttlnn , ST. TxUis. July 23. United States Senator George Vest Is hero. Said ho : "Can anyone ono tell where this will nil end ? Nine men out of every ton I moot say : 'Repeal the Sherman law ' Will that do it , If wo can re peal It ? Not easily , I must admit , but wo can do it. "This country Is right now at the most critical period In Its financial history. Wo Imvo boon traveling along on makeshifts of ono kind or another since 1S7S. Expedients will avail no longer. Wo must either takeIt up our silver and defend It against the world or drop It , demonetize it : dcclaro that it Is not available ns n basis of currency and dcclaro that the constitutional right granted to congress to 'coin money' means only that wo shall coin gold only. . . "Tho outlook is gloomy. Wo are In a fug. It may continue to spread and there Is no way to judge of its oxtont. It may lift , ns foes do sometimes , ns suddenly ns It formed and find us in the sunlight under a smiling sun. In this , as in all other dilemmas , atten tion turns to the law making it , and cries : Help us. ' "On the last Fourth of July I hoard an orator down In Virginia say to a vast audl- once : 'How Is it that Franco , with a popu lation of only 40,000,000 nnd a territory only one-thirtieth na largo as ours , can keep $700- 000.000 of silver on n parity with gold } How Is it that she , with a population mainly com pose 1 of ignorant peasants , can keep n gold reserve ofTK50,000.000 ? What is the matter with our statesmen that wo can't do that ? Are we not bettor , then , than those French men ? What is all this talk of our inestima ble material wealth that wo hear so much about. Where are our statesmen ? Where nro our financiers ? ' "Now that is the kind of argument that reflects the popular mind upon the money question. How will it bo possible to convert the nation to a faith in monometallism to a single cold standard ? " .silver Itloa. A petition to Nobraska's""sonators and rep- resontntlvos In congress is bolng circulated for signatures , asking thorn to use their in fluence at the special session of congress that convenes An-gust 7 , to secure the adoption of a resolution suspending the operation of the Sherman law , and the appointment of a com mission to draft a substitute bill to take the place of it , and then adjourn without further action until the opening of the regular ses sion in December. The petition is receiving hearty endorsement , and will bo presented to the Nebraska congressional delegation be fore the last of the members depart for Washington the first of next week. Hon. D. H. Mercer yesterday sent the fol lowing solf-oxplnnatory letter to the Com mercial club of Hastings. : HON. C. C. HiTTKNiionsE , Secretary Com mercial C'lub , Hi : < .tlng-i , Noh. : Dear Sir I am In receipt ot resolutions adopted by the Com mercial club of Hastings , Nob. , with rcfor- itncototho financial question of the United Status , and more particularly to the Hhurnnin luw , so-called. 1 will ( tlvo your resolutions proper con sideration at the proper tlmo. I view with re gret the scare and frlidit prevailing among the people of the United HUiti'S today. Home of the best bunks In this country have boon forced to close thelr'doors simply because the people ) made an unwarranted run upon them. Wo have plenty of money In tlio'Unltod Status , but too much of It Iscoucoalcd In stock- lues and hidden under the bud and In private Hufoty deposit vaults for the good of the coun try. The linla ; are nil right ft the people- will only give thorn a chance to prove It. The Bhormanluw may bo responsible forsomoof the tlnunclHl disquietude , but I do not tlilnk It Is the only cau.su. In the first , place. as' I suKKO.ited bftforo , two-thirds of It Is linaglnatton and fright. How to turn this Imagination and fright Into confidence Is a proposition. Oongross may do ono thlnj ; , and that may add to the scare ; wnorens It may do something at the tlmo con sidered very insignificant , which would euro all the Ills , I do not believe anybody knows the proper .solution of tlio problem. Vonrs truly , I ) . H. MniiCEtt. Weak Fooling In Chlr.tRO. CHICAGO , July S3. Everything traded In on the Board of Trade was weak today , chlally on account of the action of the asso ciated banks as to the issue of clearing house certificates , operators believing it portended tended fear of financiers of a further and Increased money stringency. Wheat was the weakest , touching the lowest point recorded in the history of the board. Trade in Sep tember , which closed yesterday at 05) cents , dropped to 03) ) cents. Two Douvor Kullurcs. DENVEU , July 28. The Denver Hardware company filed an assignment today in the county clerk's ofllco. James A. AloClurg is made assignee. No schedule- filed. The ! firm U the largest hardware housein the city. Elmer Anderson , dealer In furnaces , has assigned to Theodore Liuland. Ho places his assets at ? 'J-f37.15 ' and his liabilities at W.SOl.S'J. ' "I'liolr l.liibllltli-H Are Smill. Nnw YORK , July 23 The announcement of the failures of II. C. Averall and C. II. Connolly nelly was made on the Consolidated ex change today , 1'ho liabilities are small. The failures are attributed to the decline in Sugar and General Electric. All Wir N il Mills Idle. PiTTsnuito , July 23. The wire nail manu facturers , lu view of tho.prosont condition of business , decided to continue the shut down until September 1. All the wire nail works in the United States are idle , Four Hmnll Failure lu London. IXJNDOX , July 23. Stocks were steadier and Americans firmer under free buying. Otherwise thcro was little doing , operators being absorbed in settlement. Thcro have been four small failures. Holler flIIIU .Shut Down , ITAumimmo , Pa. , July 28 , The Harrlsburg Uolling mills , ono of the largest creditors of the American Iron and Tube company , which failed yo.sturd.iy , have shut down indef- Inltely. Aiintluir .tlniiliinn lr nk > IJi | , OIIF.AT FAI.M , Mont , , July S3. The First National bank failed this morning owing to the Helena bank suspension. The assets are much above the liabilities. It will soon re sume. Nntv York Kxchitiiun Uuotntliiim. NKW YOUK , July 28. [ Special Telegram to THE BKK. ] Kxeiiango was quoted ns follows today : Chicago , 47 discount ; Iloston , 25 to 10 cents discount ; St. Louis. i.50 discount. More C'li-iirlni ; llouii , UurtllliMite * . Nnw YOUK. July 38 , The clearing house committee had issued $2,000,000 In clearing homo certificates up to noon. The total now outstanding is fr > ,000,000. \Viltoll Work * shut Down. WALTIIAM , Mass , July 23. The Waltham Watch conumny shut down for a month and will resume September 1 with nan ido. Three thousand men tire thus made idle. It W -41111111 Failure. Ore. , July s& The Union Hanking company made nn assignment today. The institution did a small business and the failure caused uo excitement. Two Wuuuiulu Kullures. MILWAUKEE , July Ui Specials report the failure of the German American bank , Port Washington , and Seymour's banlr. Chlppowa trails. . Hni I. re Alioti. MOUNT STEIII.I.NQ , Ky. , July 23. The Traders Deposit bank has failed as a result 10of gji run. Liabilities , 1150,000 , ; assets , WO,000. ) Will A Ut Weak Iliuiki. IxiUiaviLUs , July 23. The Cleariui ; House association decided today to nsMU the weak banks by Issuing lifin certificates. Will ln l t tiiVsirfty liny * Notice. NRW YOIIK , July 23. An Important mootIng - Ing of presidents of "tho" savings Institutions of Now York nnX Jlrooklyn was hold today , at which It was decided to recom mend to the trustees anil director ? of the various banUff represented to enforce the sixty days notice .clause . of the savings banks act. The resolution adopted by the presidents provided tliat the lull require ment of sixty dnys'Uotleo he enforced against withdrawals of $ , ' 100 or ovor. For sums under that amount tl was recommended that a notice ot , only thirty days be required. The meeting was attended by the heads of nearly all the savings institutions ot this city nnd Brooklyn. The resolution commending the enforcement of the clause was adopted without dissent. The question of the advisability of the step had also been considered at a meeting ot the clearing house committee , which Is composed ol national hank presidents. No Intimation ot such an action was had In Wall street today. Illntid Will Accept the Oh lrinnn hp. ! ST. Louis , July 23. J. T. Bradshnw of Lebanon , Mo. , In nn Interview said today : "I would like to correct n statement bolng circulated to the effect that Mr. Bland will not accept the chairmanship of the coinage committee , Thn statement Is entirely false. It gained publicity by the unceasing efforts of nntl-sllveritcs who are very anxious to see any man except Bland made chairman of the com mittee. I llvo In Mr. Bland's town and have talked with him on the subject and therefore , know whereof I speak. If Speaker Crisp makes up the coinage com mittee of antl-sllvorltcs I do not think Mr , Bland will accept the chairmanship but otherwise ho wants it and it is generally conceded that ho- will got It , the report to the contrary notwithstanding. " Adopted ri < iry lloaolutlnn * . NEW YOUK , July 23. Another echo of the tumultuous silver meeting lasjt Tuesday was heard today , when the National Citizens Industrial association held its mooting. There wcro sixty persons present and some fiery and denunciatory speeches preceded the adoption of some equally fiery and denunciatory resolutions. They en dorse the nets of l.hclr members at the "so-called " - silver meeting" and after declaring themselves tired ot being Uecolvcd ana swindled and sold out year by jcar , protest against the dishonest clement that would attempt to come into their Party at the eleventh hour to rob them of the glory of loadorshipof the free silver farmers , alliance and labor associations. It Wns Nnt uu Utmost Fntluro. CINCINNATI , July 28. Armed with n writ of attachment in a suit brought by Nowberg _ > , Hosenburg & Co. , of Now York against Henry Back , a clothing dealer of New York who recently made an assignment , Deputy Sheriff Germany found today at the Pennsylvania depot a lot of goods shipped from Now York by Back nnd shipped in part to Henry Back and part to S. A. Guthman , who was a porter in Back's ' Now York store. Thu value of the goods is $10,000. Five Ilnndroil Mon Made Idle. PiTTsnuito , July 23. The Bessemer stool department of .tones. & Laughlhi's plant closoddown , today , throwing GOO men out % t employment. A condition of uncertainty exists nt the works of the Ollvqr Iron and Steel com pany and the thousands if ) employes are ap prehensive of a shut-down. It is rumored tno firm proposes running non-union. The members of the firm refuse to talk. To Kepeal the NhprmnM l.nw. DAVExr-oiiT , la. , JUly 23. Resolutions ask ing senators and representatives of Iowa to work for the immediate repeal of the silver purchase' clause of ' .tho Sherman law were unanimously passed by the Davenport Busi ness Men's association tonight. Failure of rv Jiivi onal Hunk. WASHINGTON , July ,23. : poicptrollor Eckols ' is advised that the' Chamberlain National bank of Chamberlain , S. D. , capital , $50,000 : indialUop03lts , $15,000 , failed today. Silver 1'urclmson. WASHINGTON , July 23. Director Preston purchased 100,000 ounces of silver today at 0.7030 per ounce in response to his counter offer at that figure. Tube Work * 111 a Kecelvcr'x Unmix. CLGVKI.AND , July 28. A. receiver was ap pointed today to take charge of the Ohio branch of the American Tube works nl Youngstown , O. CoIIco nnd Toil House Ansigns. NEW YOIIK , July 23 , Wilde & Wlclcham dealers in coffees , teas nnd spices , have made an assignment without preferences. Failure of an lo vu .Merchant. DAVENPOKT , la. , July 23. Charles A. Meek , furniture dealer , assigned today. Liabili ties , $32,000 ; assets , about the same. Roller skutinj ; at Coliseum tonight. I'KiisoxA f PA n.uiii.i i > ns , L. M. Ormsby of Wyoming is In the city. S. W. Beggs of Holyoke , Colo. , is in the city. city.Ed Ed F. King of Deadwood , S. D. , is at the Paxton. D. Coo of Nebraska City is in Omaha on business , J. AV. Andrews of Fremont was in the city yesterday. Jack Donald of Grand Island-is booked at the Murray. M. B. and E , A , Smith of Ainsloy , Nob. , nro in Omaha. Miss Annie Holland of Hastings is visiting Omaha friends. Matthew Gcrlng ot Plattsmouth is regis tered nt the Murray. O. E. Berg and J. Johnson of Blair were in Omaha yesterday , J. S. Barrls and J. B. W. Jackson of Lin coln are at the Merchants. State Superintendent A. K. Goudy of Lin coln sojourned in Omaha yesterday. J. J. Bonokompor nnd B. C. Howard of Grand Island are guests at the Mlllard. Mrs. F. D. Palmer of Lincoln and Miss Sadie Young of Hastings are In the city. Oscar Hone and h's ' slstor , Miss Edith Hone of Burlington , la. , are visiting friends in Omaha. Charles G. ICllpatrlok , the one-logged fancy and trick bicyclist , arrived in the city yesterday from the cast. G. H. William * of Elk City and J. M. Marsh and son of Wahoo were among the residents of InterioroNooraslta who visited Omaha yesterday. T Wyoming was well , represented yesterday In Omaha , among the cltUens of that state hero being S. W. Downey 9f Laramlo , W. T , O'Connor of Choyou'lid and A. A. Spaugti of Munvlllo. ' ,1 David Howe and family have returned from a two weeks visit nt'tho World's fair , MrV-Howo started yeatenjny for G Ion wood , Colo. , whore she wllljjvhtt } during the re maindor of the sumninr months. At the Mercer ; A.'T. Hotter. Chicago ; J. W. Uussoll , Davenport ; M , H , Wallace , To- kamuh ; F. G. Slmmpus , So ward ; Con Kirk , Grand Island ; Ernest I'eycke , city ; Mrs , Sol. Blotcky , Shelby , la' . ; M. Dee , Lin- coin ; I'M Hurst , DOIITW ! C , J , Hyshuw. Keel OaK , In. ; Phiubo M. ( ihnpman , Miss Hnttlu Saunders , Oakland , Cal. ; F , H. Anderson and wlfo , Denver &l-Kl6iGrando Express ; T. B. Herd , Central City , ; Frank Lanbort , city ; Allen S. Miller , Chicago ; Bon Hobblns , Now York ; J. W , Xovo , Fremont ; W. Bloodsoro and lady , St. Joe ; George A. Hill , city : S. H. Cook , Clinton ; Mrs. C. H. Fischer. San Francisco ; James Murphy. O h- koih ; F. L. Sweeney and wlfo , San Fran cisco ; Miss K. N. Glepson , Pittsburg. NEW YOIIK , July 28. [ Special Telegram to THK BEK. ] Omaha : G , Juuilcson , buyer for Hayden Bros. , Broadway Central. Lin coln : L. A. Cowan , Broadway Central , Balloon this ovc at Courtinntl beach. Forgot lo Liquidate. " 41. L. Harvey St. Louis" is the legend . which stares the head clerk of the Paxton in the eye and is nil that represents a whole week's board. Harvey has been at the house a week and yesterday ho came down atalrt and started south on Fourteenth street. H bad reached the Huraoy street corner wL n the cathlcr aud a bell boy caught him , , . , . , . . , that ho had forgotten to pay hi * illl. Ho told them not to worry , that ro would bo back In ten minutes with the monov nnd they lot him KO. At 10 o'clock Instnlirht Mr. Harvey had not returned and the clerk charged his account upon the loss sldo of .ho ledger. Balloon this eve nt Courtlnnd bench. AMERICANS IN SIAM. Wlifxt They Itnvn Done for the Adrnner. tnnnt of thn .Slfitncur , Mr. Isaao Townsend Smith , the present consul general for Slam in Now York , ias been connected for ever forty years with the Siamese govern ment ns financial agent , consul nnd consul general , nnd Is therefore well qualified to speak of the llttlo kingdom whoso quarrel with Franco may have such far-reaching re- wits , says a Washington correspondent of the St. Louis Republic. Mr. Smith vas [ isked by the Republic today to say some thing of what Americans have done in the past In Siam. "U'o have contributed to educate her princes nnd nnd people In many ways , " said ho. "Americans Introduced printing and other useful arts , as well ns medical treat ment , among them , and have done much In other ways lo stimulate nnd strengthen their national llfo and character. It is no wonder , therefore , that wo regard with the deepest concern this unjust war that has Iwon sprung upon them so unexpectedly by the French , "Americans have boon Interested in Slain for many yoars. In thooldon times wo had considerable direct commerce with Bang kok , latterly by missionaries and educators dwelling among the people. The kings of Slam * - both the late king , father of the present , and his majesty now on the throne have allowed foreigners to reside in Slam , treating them lu a liberal spirit. To Americans they have boe"h friendly in a marked degree. They have been pleased with their residence In the country nnd have appreciated what wo have done among them. "In ISIUi the first printing press was sot up In Slam by Dr. D. B. Bradley , an American. In 183rt the first printing In Siamese letters was done by C. Hoblnson , an American , with typo cast in Bqngal. The first known suc cessful operation in surgery In the am putation of 'an arm was performed by Dr. Bradley on a priest. About this time the smallpox was unusually widespread and ma lignant throughout the country. It hail been IIa annual scourge. The American mission aries introduced vaccine nnd arrested it. The king sent a body of the royal medical faculty of ton or twelve to this country to learn the treatment until able to practice it successfully. "In 1851 three ladles of the American mis sion , Mrs. Samuel I. Smith , Mrs. D. B. Bradley and MM. House , upon the Invitation of the king , visited the palace for a period of three years and taught the family of his majesty science and useful branches of knowledge. "In 1855 the first steamboat built In Siam was constructed by Pra Nai Wai , a Siamese , after plans and models made in this country nnd sent over by myself , with engines and machinery made in this city. The engine and machinery was sot up under the supurintendcncy ot I. II. Chandler , an American , as n practical machinist con nected with the American Baptist mission. The boat was a yacht for his majesty's own uso. It haa n 'walking beam' engine. It wns called the Hoyal Seat. On the 10th of November , 1855 , the king took an excursion on it. "In 1851 ! the Unitojl States ship San Ja- cinto arrived at thu bar at the mouth of the river with Hon. Townsoud Harris , Ameri can plenipotentiary. Ho wns escorted up the river by the state barges , the Hoytil Seat bearing the minister , and on the Si th of April , 1S55. the treaty with the United States was .signed. "Tho first steam rlco mill in Slam was setup up by an American. In 1853 the first steam war vessel built in Siam was from drawings and models , with steam engines and machin ery built hero and sent out by myself from this city. This vessel , built by Pra Nal Wai in Bangkok , was COS ) tons , carried a crow of ISO men and ws called the Enemy Chaser. "Mr. I. H. Chandler , American , who had been some time in the irovornment service , was appointed about this time tutor to his majesty , then in his minority. The first houseboat was designed and built by Michael Gucrnoy. an Ameri can connected with the rice mill. Dr. McFarlan , nn American , has for many years been at the head of the government college , and Dr. Hays , also nn American , is in charge of their hospital. The present mansion , oc cupied as a residence by the American min ister , was a gift by the king to the United States government. "By this interesting record it will bo seen ' that Americans havo'a right to bo concerned in what may befall the kingdom of Siam , and cannot stand by with indifference and see her capital bombarded , her beautiful and most picturesque palaces destroyed and her people killed by n so-called Christian nation without a protest and a shudder at its awful cruelty ad barbarity. " Balloon this eve at Courtland boach. INJUNCTION GR.flNT.ED. JuIgo UuiiilTlo.s Up the Uporiitlou of the Maximum Huto lnw. Just before leaving the federal building for homo yesterday afternoon , Judge Dundy issued tlio order granting the writ of Injunc tion against the State Board of Transporta tion prayed for by the Chicago , Burlington &Quincy Hailroad company , to prevent the board from lowering rates in the interest of the Jobbers of the city of Lincoln. The order was brief , and stated little beside the fact that it seemed right that tno writ should issue. It was therefore adjudged , ordered and decreed that the board bo enjoined - joined from acting along the line sot forth , and the plaintiff Is required to furnish a bond of $10,000 , to bo approved by the court. The Injunction Is temporary and will ho Id 1 until the matter comes up for further hearing - ing before the court. l' ' < lrrnl Matter * . United States Prosecuting Attorney Baker went to Lincoln yesterday morning to try a case on preliminary examination before United States Commissioner Blllingsioy. The defendant is Attorney BloJgott of that city , who is charged with unlawfully wholesaling liquor. The case is an odd one , from the fact that the defendant took the liquor to socura n debt , and as ho had nn use for It himself , sold it to a dealer who had a use for It , The charge against him was good- naturedly put up against him by someof the boys , and ho will nave to stand n criminal prosecution. Deputy United States Marshal Lyon went to Lincoln to levy on a lot of prop erty belonging to C.V. . Moshor , the convicted bank wracking president of the Capital National. The service of the writ of attachment was demanded by Hucolvor Hayden of the defunct institution , and the deputy wns Instructed to look for property aggregating $107,000 lu value. If successful In his search the fees that the maishal's oftlco would reap out of it would make n snug little fortune , but Marshal Whlto Is satisfied that not a penny will bo found , and is lamenting accordingly. Silver Tone ( jimrrot. The Silver Tone Colored quartet of 112-1 Cnpltol avenue , composed of Messrs , James Smith , Grant Strotor , Ed Uosa and L. J , Porter , serenaded THIS BEK otllco last night. l.OU.ll. JtHKYlTIKH. The regular meeting of the Milk Dealers association will bo hold this evening nt 8 o'clock at Wolf's hull , Twenty-second and Cumlng streets. H , J , Pen fold has filed a complaint ngalr.st Charles MuCluro for keeping a vMous dog. The trial came off yesterday morn ing in police court ana the defendant was discharged. Treasurer Bolln yesterday forwarded to Now York 100,000 to moot obligations of the city fulling duo August 1. Thn obligations consist of short tluio bonds maturing and short and long time Interest coupons falling duo. duo.Tho The hearing on claims against the citato of the lute J , W. MeMenamy was culled in the probate court yes terday morning nnd after taking a small amount of testimony , further proceedings were continued until the No vember term. The tlmo for filing tno report of the executor * was extended until that date. SEVERALFORTOHES WRECKED Wheat Uonclios Low Water Mark with Dls- astrons Resnlts Generally , RESULT OF THE CLOSE MONEY MARKET Kpfii l nt llniiliom In Ailvnnno ruml * " Stock * in Kloutorn Force * ( .rent Unnntltlitu of tlin ( Irnln Into tlio 1'lu CHICAOO , July 23. [ Special Telegram to Tun Bnn.Vhcat ] prices have made a now record , and No. 8 spring was today quoted on the Board of Trade at a shade loss than 1 cent n pound. This was after the market had declined sharply , sweeping away what \\ould represent In the aggregate several liberal fortunes , Tlio wheat pit was not a little excited a part of the day when values were being whittled down rapidly through the selling of grain which had boon IwuclU nt much higher prices. Holders did not haggle ever an eighth or a quarter cent , but wen ) dis posed to got the best llrurcs to Do had nnd with ns llttlo delay as possible. Compared with the high point of the day before , the lowest price today showed a sheer loss of 4f } cents a bushel , the Soptom- her bolng carried down to C2J { cents , at which tlmo No , UsprniR for delivery during the closing days of July was quoted at from MK to M ) cents for n bushel of sixty pounds. Not often does wheat roach as low n figure as those which have ruled for many weeks. Ui'conln Frequently llrulton. Kecords have been broken tlmo and again during the last few months and another "bottom notch" was scored today in the prices just given. It has boon thirty-two years since such quotations have been soon. The records show that In Juno and July , 1801 , wheat sold as low in this city ns KS cents , and In August , the same year , nt f > SU cents. Slneo the first year of the war prices have never been us low as now. Wheat declined 4 cents In the short period of forty-eight hours. This represents a shrinkage In the value of contract grade ofiwheat stored In this city of JOSO.OUO. The total stocks of wheat In ino public warehouses of the United States at the close of last wcoK were 5S.- 000,000 biHicls. If this were all good enough to pass on speculative contracts the loss through the decline of the last two days would exceed $2SOO.)00 ( ) , to say nothingof the loss to farmers who hold scaltorini : reserves of old wheat and nro now busily engaged In harvesting a new crop , estimated all the way up to 400,000,000 , bushels. UIIIIBO of tlio ICrcuk. The direct and almostsolo cause of tndny's severe break was the financial situation. Local stocks of old wheat are unusually largo at a time of year when they should bo smallest , and new wheat is pouring into pri mary markets. The generally accepted rea son for the latest decline Is n pressure on the part of bankers who have loaned inonoy on wheat certificates. It requires perhaps ? 12.000,000 to carry the wheat in Chicago elevators. Some of this has boon borrowed by the owners ot wheat on call. Foreigners are hero with bids for old wheat , regarding the price low , ns does every ono In the Crude. Naturally they do not propose to pay moro than the market price for it , while holders Just as naturally believe it is worth moro than current quotations and refuse to sell , except in a small way. With clo&o money and the urgent need of funds to ac commodate other line ? of trade , > bankcrs'aro said to bo inclined to force the marketing of some of tnoso millions of old wheat stub bornly hold by oluvator people and others. Culling : Loans on Wheat. To this end the Impression was almost uni versal today tbut loans on wheat are being called. This in turn brought out a lot of sell- pig in the wheat pit and so demoralized wcro the conditions that an outlet could bo found for the offerings of future delivery only on a declining scale of prices. Shipping houses experienced serious difficulties in negotiat ing eastern exchange and this restricted the cash business. Tnoro was only a feeble rally at the close and maniy traders are talkIng - Ing 00-cont wheat for September. No failure was reported , although the loss was enormous , especially as it so closely fol lowed previous shrinkage in values for this product. Corn and provisions were effected by the general heaviness nirl sold lower , while oats held steady under a revival of expert - port Inquiry. Roller skating at Coliseum tonight. OXJTKAN THE AVENGERS. I.onc L.OEH of a Itrnto Saved Him from Condign I'uiii4hin iit. Some unknown loafer attempted a crim inal assault on a llttlo girl in the vicinity of Thirteenth and Casjcllar streets yesterday afternoon , The assailant had a narrow escape from summary punishment nt the hands of indig nant citizens. For the past few days a couple of young men have been loafing around the Castellor and Vinton street corners on Thirteenth anil have boon making indecent proposals and exposures to the young girls living in the neighborhood. Yesterday ono of the fellows caught the 13-year-old daughter of a man named Wolf in an unfrequented place and ho made forcible advances to her. The girl broke away and made her escape to her homo. She told her father what hail happened , and , In company with several neighbors , started after the brute , who saw them coming. Ho ran down Thirteenth street , ever on Twelfth and down to the Union Pacific tracks below Tenth stroot. Hero ho escaped by rimninc behind box cars , and undoubtedly reached the river bottoms. The enraged pursuers were compelled to turn back with disappointment. The man who made the assault on Mr. Wolf's daughter Is described as being about live feet icn inches in height , of medium build , rod-faced , wears a derby hat and a wine-colored sack coat. Olllccrs are looking for him. llollor slutting at Coliseum tonight. iidlt. H.l'tUJ.Lt .IT AT , I'.IU/ . . Mliiiiu otn Catholic * ( ilvn tint Papal Alilo- Kiito u Hourly Wiilnoniu. ST. PAUL , July 23. The Catholics of Min ncsota united Honlght in a reception nt Hotel Hyun , this city , to his grace , Mgr. Sato ! ! ! , papal ablcgiito , Largo delegations were present from allover ever the state , Mgr. SatollI was assisted In receiving by Archbishop Ireland , Arch bishop Grace , Mgr , Havoux of Duluth Bishop McOolIrlck of Juluth , Bishop Cottei of Wlnoiia , Bishop Xardottl of St. Cloud Bishop Slianluy of North Dakota and Ulaho | Marty of South Dakota , Thu receiving party stood In ono of the spacious parlors of thu hotel and for the space of several hours the representative o Pope Leo received homage , During thu nvonlng lion , O. D. O'Brien of St. Paul made an address to Mgr. SatollI welcoming him to thu metropolis of th < northwest and assuring him of the fualty o. . good Catholics In this part of his domain. The distinguished ahlcgato responded In a fitting mannur , expressing his grutlllcatlor at thu privilege of mooting so many loyu' sons of the church. * During the night refreshments were served and the reception closed shortly before midnight. Mgr. Satolli has Just returned from a trip to the PacUlu coast and will remain in St Paul for some days , the guest of Aruhblihop Ireland. Roller sltttting at Coliseum tonight. Hllll They Come About thirty Colorndoans who had taken advantage ) of iho * 5 rate from Denver t Missouri river points arrived by the Union Pacific yesterday afternoon and distributee themselves about town for tko ilmo bolng None of them had anything new to lay about the situation in Colorado. Nearly all of tboia who a'.oppaA off here ,1 rill scatter within n tow days to points lorth , onst and south. Most of them havn none } * , but not In such amount * that It jolliers them lo carry It. Balloon this ova ut t'ourtlnml bonoli , Vlir/AH Cmploj-riof nincllng llrot. ' Cirrus Threat * niKil liy n Nun III DnUolu .Mo ! > . Siot'xCiTT ' , la. , July 23. A special to the ounmt announces thn capture at Center- Illo , S. D. , of Harry Plnkorton of Ulngllng Jros , ' circus , who , a week ago , abducted thu oung daughter of Major Moore of Mitchell. 5. IX An attempt was made to lynch PlnK- rton , but the sheriff nnd constable fru - rated the mob's designs. Moro trouble Is n.irod when the father arrives In Center- Illo tonight. _ Urhno of nn I own .Mrrrlmnt. SIOKX CITV , July M. [ Special Tologmm to L'lir. BKI : . ] O. O. Preston , n merchant of ton ours ro.sldenoo hero , wns locked up today on ho charge of outraging the U yoar-old nughlcr of James Kocnaii , n laborer. The 'Irl Is alleged to have been enticed into his tore by presents ofeandy. Preston was aught in the net by reputable men , who i'nvu him up to the officers. Jnlcl < Work ol n rod POUT Donor. , In. , July 28. [ Special Telegram - gram loTiir. Br.n. ) Uandall Stewart , the olorcd man who started to walk to Chicago rom Fort Dodge on July 18 , reached the Vorld's fair last evening. Ho walked the ' intlro distance , 7rt miles' , in Just ton days. lo had no money when ho started. Oouit Showing ol n Itiillronil , MAHSHAT.I.TOWS , la. , July S3. The annual report of the Iowa Central railway shows jross earnings for the fiscal year ending 'lino ' ! W to be ? llC > nS7fi , ; operating expenses , 1 , ! 74U78 , leaving not earnings of ? 5SUNM This is an increase lu not earnings of 13,073 , o\cr last year. ) ( ( of Illi Injuries. STHAIIAX , la. , July US. [ Special to Tun Br.ii.J "Undo" John Craig , the ngod gen- .Ionian . who was recently hurt In a run- i way. died Friday of concussion of the n-aln. Ho never clo.ivly regained conscious- less after receiving the injuries. linvnViiMlnn Simpmulod. KKOKUIC , In. , July 23. Governor Bolei odny formally suspended Wanton McMillan of the penitentiary nt Fort Madison for mlsi appropriation of fuhds nnd took chnrgo ot the state property. Onrii Crop Imnrovotl. Dr.s MOINM , la. , July 2S. Uoports rocolvoil jy the crop bureau show rains this morning extending ever a largo area In central Iowa and the corn crop Is much Improved. Deiith ol' Kinuiii Amliroio. Word has just boon received by cable say ing that Miss ICmma A. Ambrose. only sister of Hon. George W. Ambrose , is dead. Miss Ambrose was n member of the First Baptist jhurch of this citv , and , Just fifteen years : igo. wont as a missionary to Btirmnh , where she has labored continuously , save for two yearn which she spent hero on account of 111- loalth. She returned again throu years ago. Her station was at Towngoon , sixty miles ip the river from Uanpoon. No particulars ns to the cause ot her death Imvo been re ceived. Mr. Ambrose received a letter from boron tlio 30th hist. , written Juno lo , when she said she was very well. Miss" Ambrose was 51 years of ago. Killed IIIH Wlfu mill Illmsoir. Minm.r.roitK , Ky. , July 28. Hardy Caldwell - well , a respected farmer , shot and killed his wife today and then committed suicide. Tha nouplo did not live happily together anil had ngrcod to separate nnd wore discussing tin terms of separation when Caldwell committed the crime. Anlrr | > on n Itiillwiiy lloil. Pat McDonald was evidently trying t give tno'coronor a Job last n'.ght , for ho gel trunk ifnd went to sleep on the railway tracli near the B. it M. freight house. Ofllcoi Jnlsano discovered Pat and sent him down In the patrol wagon , whore ho might sleep In jail in safety. Sfrs. SI. JR. Bono It , I Was a Wreck With catarrh , lung trouble and generally broken ) Jown. lioforo I had taken half a bottle o ( , Hood's Saraaparllla I fcltbottcr. Now I am la' ' ; oed health , for nil of which my Iliimlci nro duo ! to Hood's Saronpnrllla. " M B. M. F. HO.VB , Clover , Iron Co. , Mo. Got Hood's ' Hood's Pills euro Constipation by rcstor- ' na the peristaltic action of thu alimentary canal. | Said the loliimsclf , "Iftho moon I could net , r . - whcncvor I'm dry * j my throat I could * " wet ; The moon is a -rirtfl quarter withaquar- f. , " . < TSSSsX . icr I licur Vivo : can purchasc gul- Ions of Root Beer. " A Delicious , Temper * nncc.Tlilrat-ijucnchliiK , lleallh-aivlnic Drink. Gouil fur uny tlmo ul year , A 3c. package main f Ralfoot , lie ture nJ get JIlBKs' . * -M. H J U r : . i'STHJATER OPENtNO OF THE SEASON. TUESDAY J WEDNESDAY \ HlRgoit Show of the Year , GEO. THATCHER 'S New Bpeotuoulur C'omlo Opura , -AFRICA - 7O People In the Company 7O Beaten lulu Monday , Ji > ty 31. 1'rk'DS ! 2io , Ko , 75o utuUI.W. FARNAM STi THEATERl'ymoE Opouln of ItoifuUr SBILIOII , T5H5 | | COUMENCINU JVP2KKJ SUNDAY NIGHT , JULY 30 Tbo great coniody dr i , THE WOLVES OF NEW YORK UT LBONAUD anowA. UuentC V dociJ yi kar t t IttththnuM