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About Plattsmouth weekly journal. (Plattsmouth, Neb.) 1881-1901 | View Entire Issue (July 18, 1895)
FORCED TO SUSPEND. FAILURE OF A KANSAS CITY COMMISSION HOUSE SSecelrers Named to Look After the In terests of Creditors About S850.000 Involved Assets Eqnal to the Liabili ties Poor Business and Slow Collec tions Responsible for the Suspension An Old and Large Concern. nig Failure In Kansas City. Kansas Citt, Mo., July 13. George E. Black and George A. Neal have been appointed by United States Judge Phillips receivers for the Campbell Commission company. The company is an Illinois corporation, doing1 a cattle commission business in Kansas City, St. Louis, Chicago, South Omaha and Fort Worth. The main office is In this city, James EL Campbell of Chica go is the president and George E. Black of Kansas City the treasurer. Mr. Black has conducted the active management. The business dates back many years in Chicago and St. Louis. The present organization was effected in May, 1892. The money in volved is set by the Metropolitan Rational bank, which made applica tion for the receivers, at SS5C,000. The bank loaned the company ? 19,000 in June and has bought paper to the sum of S34,450, being the notes of various persons, indorsed by the Campbell company. The receivers are ordered to continue the business for the bene fit of creditors. The receivership is a move by the company, Receiver Black admits, to protect itself from the creditors, in which the Metropolitan bank acts merely as the vehicle to accomplish the action of the court. Since 1892, the petition sets forth, from S6oO,000 to Sl,0u0,000 have been annually ad vanced to cattle raisers by the con cern. The cattle raiser executes a mort gage on the cattle for the loan and gives his note. The commission com pany has discounted this paper. When the cattle are brought to market, no matter who sells them, the company gets its interest and money back and a commission of fifty cents on each head. The value of cattle so handled Is placed at from SS.000,000 to $11,000, 000 annually. In this way the Camp bell company has borrowed SS50,000, now outstanding, from various sources, and in turn loaned out the money, for which the notes and mortgages on the cattle have been discounted all over America. The present assets, other than the money owed to the company by the cattle raisers and the prospective com missions of 8100,000, are estimated at $100,000, of which only half is availa ble. Th failure of Clark Jb Plumb of Fort Worth recently, has embarrassed the concern. A few days ago a cred itor tried to levy on a herd of 15,000 head of cattle in Oklahoma, but the levy failed and the creditor served a writ of garnishment on the cattle owner, instead. Notes have been falling due lately which there was no money in the treas ury to meet. Judge J. S. Botsford of Botsford, Deatherage & Young, attorneys for the Metropolitan bank, hastily w'ent to Colorado Springs and secured the receivership. E. P. Gates and T. B. Wallace, for the Campbell company, filed an answer ad mitting insolvencv and accepting the action of the court. Receiver Black said this morning that bu&iness last year had been bad and losses incurred. He asserted that the creditors would receive ninety eight cents on the dollar. A circular has been issued to customers announc ing a continuance of the business by the receivers. One of the Desperado's Victims Dead. Chicago, July 13. n. M. Sternberg, who was shot by Charles Gorman while the latter was attempting to es cape from the police Monday night died at St. Luke's hospital to-day. Sternberg was in the crowd watching the robber and was struck by a bullet aimed at a policeman, just before the desperado was shot dead at the en trance to the Auditorium. Leakage of the Grain Report. Jsew i ore, July 13. lnere was much kicking among the grain men on the Produce exchange yesterday over the leakage of the crop report. In siders, it is alleged, are about twenty- four hours ahead of the rank and nn of traders in gettinsr the report, or a Jeat nsrure so close that they cai work on a practically sure basis. NEWS IN BRIEF. Louis Bogran, ex-president of Guate mala, is dead. Exports of petroleum increased near ly $o,U00,000 last year. Secretary Hoke Smith has crone to Geonria aerain to look after his fences. Two hundred and fifty thousand im migrants arrived in this country last year. Larere reductions will be made next month in the forces of all the navy yards. Alabama coal mine operators, repre senting $20,000,000, formed a gigantic combine. Receiver McNulta's announcement that he will contest some rebate claims has excited Cincinnati distillers. At Chapel Hill, N. Y.t Minnie Inger soll was murdered by a man who had served a term for attempted murder. Agricultural Secretary Morton says he will purchase such seeds for distri bution as are not common in this coun try. Half of Clayton, N. Y.t including the business portion, burned. The losses aggregate $75,000, with light insurance. Bray, the stepson of ex-Consul Wal ler, is trying to arouse feeling against the administration for not acting more vigorously in behalf of the imprisoned -ex- consuL Ge rge Rippet, aged 7; John Kee nan, aged 6, and John McGilL aged 5, were drowned near Slaterville, R. L, while fishing. The Chinese loan was opened in Berlin and almost immediately closed, as more money than was necessary was subscribed. BOLIVIA'S ULTIMATUM. It Is Presented to Pern and Rejected by that Country. Washington, July 13. South Amer ican diplomats in Washington are much interested in the press reports that Bolivia has presented an ulti matum to Peru, which the latter has rejected, and that Bolivia and Ecuador have formed an alliance with the pros pect of making war on Peru. Peru's former strength has disappeared since her war with Chili. The Chilians took all the Peruvian warships, and it is believed one old transport is all that remains of the Peruvian navy. The army is said to number about 4,000 men. Bolivia has no navy, and her army is said to be about the same as that of Peru. She is entirely inland since the war with Chili, when Chili took posses session of those provinces which had formed Bolivia's coast line. Ecuador is said to be in good fighting trim, as she has just emerged from a revolution and all her people are in arms. But her navy is insignificant, her only good warship having been sold to "japan some months ago. It looks, therefore, to those conversant with the situation, that these three countries would not engage in a very formidable war. They cannot fight by sea, and there nre great stretches of desolate and moun tainous country betwer n them. Chili is in no way interested in the trouble. The last war appears to have estab lished her firmly as mistress of the west coast of South America. INDIANA SILVERITES. The Free Coinage Committee Will Keep Within the Democratic Party. Indianapolis, Ind., June 13. When the committee appointed by the con ference of free silver Democrats that followed the annual meeting of the State Editorial association at Maxin- kukee met here yesterday. Senator Turpie advised the members not to be too radical in any action taken. He recommended that steps be taken to form a state silver organization with in the Democratic party. The committee, after consulting other prominent free silver members of the party, decided to do nothing at this meeting except to form a tempo rary organization which will agitate the question and in the course of a few weeks issue a call for a state meeting to organize a leajrue. The committee announces that ex- Congressman Bryan has been engaged to answer the gold standard speeches of ex-Congressman Bynum. YELLOW FEVEK EPIDEMIC. The Scourge in Cuba and Other est In dian Islands Is Increasing. Washington, July 13. Advices to the surgeon general of the marine hos pital service indicate an alarming in crease in yellow fever in Cuba and other West Indian islands. The week ending June 29 recorded twenty-eight deaths in Santiago, while there is an average of five deaths daily at Puerto Principe, a city of about 4o,ooo per sons. J. here are aooat iuu cases in xne military hospital at San Juan de Puer to Rico and the disease is rapidly in creasing. In view of thee reports, surgeon General Wyman is redoubling his ef forts for the protection of the Ameri can coast ajrainst th infection. Miss Gould on Reporters. Wichita, Kan., July 13. Frank J a Gould, Miss Ilelen Gould, Colonel and Mrs. Frank flain. Miss Ida J. Casto and Miss Alice Northrop of Tarrytown and Mr. Will Northrop of Yonkers, N. Y., accompanied by General Manager D ddridge of the Missouri Pacific rail way, spent two hours driving over the city to-day. lo a correspondent Miss Gould said: paper man, l early learned tnat their cheek is only exceeded by their good looks and gentlemanly manners." V . ..... Mast Par Indian Debts. Washington, July 13. Secretary Smith has requested the treasury de partment to pay the 5600,000 due to the Nez Perces Indians in Idaho for their lands sold to the government a year ago. The payment was stopped two months ago on account ol charges of fraud of various sorts. These have been proved unfounded, and there is no further reason for delay. The tribe comprises 1.S29 persons, each of whom will receive a little over $2,000. Work on the Panama Canal. New York, July 13. Among the. passengers who arrived by the Colum bian line steamer Alianca from Colon were E. Le Connec, resident director of the Panama canal at Panama. Ue was accompanied by J. Thornton, also an engineer connected with the canaL Mr. Le Connec intends starting at once for Chicago on business connected with the Panama canal. He reports two dredges are at work on the Pacific side of the canal at Panama. Considerable work is in progJess at Colon. Creeks In a Quandary. Ectaula, Ind. Ten, July 13. An extra session of the Creek council has been called by Chief Edward Bullett to meet at Okmulgee, the capital, on July 17. The session is called for the purpose of deciding the present con troversy as to which set of national of ficers are now entitled to their offices and to end the dual government under which the country has been suffering for several weeks. Sunday Closing at St. Joseph. St. Joseph, Mo., July 13. It is ex pected that the police commissioners will close all the saloons in this city next Sunday and considerable trouble may result. Wlnfleld Chautanqoa Officers. Winfield, Kan., July 13. The Win field Chautauqua to-day elected P. II. Albright, president; F. C Root and J. P. Baden, vice presidents; M. B. Kerr, treasurer, and A. P. Limerick, secre tary. The executive committee re mains the same. Money for a Fremont Monument Wanted. New York, July 13. The Associated Pioneers' society of the territorial days of California has issued a call to the late General John C. Fremont's friends for funds to erect a suitable monument over his crave. CHRISTIAN SOLDIERS. THEY CAPTURE BOSTON THE THOUSANDS. BY The Great Meetings Get Under War Three Vast Gatherings Field the First Day A Grand Chorus of 500 Sine Songs Report of the Secretary, Show ing a Great Work the Past Tear De nominations that are In the Lead. Hosts of Endeavors. Boston, July 12. Over 9,000 enthu siastic Endeavorers crowded the Tent Endeavor on Boston commons to-day for the first mass meeting of the National Christian Endeavor society. Crimson and white streamers waved all over the tent, the bunting being draped from the great center pole of the tent. Flags and colors of all na tions interspersed the streamers. High above all, the flags of the United King dom of Great Britain and the stars and stripes floated. Upon the platform at the extreme end, the grand chorus of 500 and the speakers and prominent members of the society were seated. Before the time for the opening of the service arrived the chorus and delegates spontaneously started an Endeavor hymn. Other 6ongs fol lowed and the music was almost continuous until the Rev. J. T. Breckly, D. D., of New York opened the meeting according to the program by announcing the first hymn, "On ward, Christian Soldiers." At the conclusion of the hymn the Rev. W. H. Albright of Boston read a passage from the scriptures and then asking for the earnest co-operation of all the delegates in the opening session called for testimony by the delegates. For fifteen minutes from all parts of the house came words of praise and good tidings to the Endeavor society. The hymn of welcome written by Dr. S. F. Smith, the author of "Amer ica," was sung, and then Mr. Breckly introduced A. J. Crockett, president of the Boston local union, who welcomed the delegates in behalf of the Endeav orers of Boston. The Rev. J. R. Cheeseman of Cleve land, Ohio, read the annual report of the secretary, John Willis Baer of Boston, which was also read at the meetings in Mechanics hall and in Tent Williston. He reported an in crease of 7,750 societies in the past year, 4,713 of them in other lands. every country now being represented except Italy, Russia, Iceland, aweden and Greece. In this country Pennsyl vania still leads with 4,139: New York next with 3,322; Ohio, 2,737; Illinois, 2,446; Indiana, J, 762; Iowa, 1,563; Massachusetts, 1,309; Kansas, 1,247 Missouri, 1,133; Michigan. 1,082; New Jersey, 1,045, etc In all, from the United States. 33,412, as against 28,696 last year. These figures from the United States include 18 Senior socie ties, 33 Mothers' societies (a movement first started in Kansas), 62 Intermedi ate companies; and it includes the so cieties in our schools, in our colleges, in public institutions of various kinds, in prisons and schools of reform to the number of 169. In the United States the- denominational representation is as follows: The Presbyterians still lead, with 5,283 Yountr People's socie ties and 2,209 Junior societies; the Con eresrationalists have 3,990 Young Peo ple's societies and 1,903 Junior societies; the Disciples of Christ anl Christians, 2,687 young people's socie ties and S62 Junior societies; the Bap tists. 2,636 Young Peoples societies and 801 Junior societies; Methodist Episcopal, 931 Young people's societies and 391 Junior societies; Methodist Protestants, So3 l ouncr feople s so cieties and 247 Junior societies; Luth erans, 70S Young People's societies and 245 Junior societies; Cumberland Pres byterians, 699 Young People's societies and 231 Junior societies, and so on through a long list. In the Dominion of Canada the Meth odists of Canada lead with l,0i7 Young People's societies and 122 Junior soci eties (most of the societies known as Epworth Leagues of Christian En deavor;) Canadian Presbvterians are next, with 979 Young People's soci eties and 108 Junior societies; Baptists next, with 160 loung Peoples soci eties and 26 Junior societies: Congrega- tionalists next, with 122 Yountr Peo ple's societies and 36 Junior socie ties, etr. In the United Kingdom, the Baptists lead, with 791; Congregationalists next with 733; Presbytetians. 182; Methodist Free Church, 175; Methodist New Con nexion, 132, etc. In Australia the Wesleyan Meth odists lead, and Congregationalists, Baptists. Presbyterians follow in the order named. HAD THREE GIRLS. A. Pennsylvania Couple With Three Daugh ters Receives a Pleasant Note. Pittsbukg, . Pa., July 12. Frank Kay and wife of Grafton have three little girls, named Ruth, Esther and JNaomi, born in the order given. Struck by the coincidence between his family and that of the president, he wrote t' the latter and has received the following reply: "My Dear Sir: The president directs me to acknowledge the receipt of your recent kind favor in which yrj inform him that your two oldest children bear the names of Ruth and Esther and were named in each case before the children of the president were named. Both Mrs. Cleveland and the president are much interested in this coincidence and beg leave to express the wish that your little children may have long and happy lives and that they will always be a joy and comfort to you. II EN BY THTTKBEB, Private Secretary. NEWS NOTES. John Fritz of Bosworth, Mo, was billed by a train at Gorin, Mo. Nicholas Pierola, leader of the revo lutionary party, was elected president of Peru. Mrs. J. Coleman Drayton has gone to Europe to become reconciled to her husband." Colonel W. D. Freeman was shot and xatally wounded on a train near Bart lett, Texas. General Ezeta has sent a proclama tion to Salvador asking the people to aid him when he arrives. BUSINESS AND SILVER. Senator Test Pleased With Tariff Re form, bnt Against Gold Alone. New York, July 12. Before he sailed for Europe to remain -abroad until September, Senator Vest of Mis souri said: "I have never seen the crops generally in such good condition, and everything seems favorable to a narvesi xar aoove ine average in quantity and quality. .Of course the low price of agricultural products de tracts some from the prospect, but we cannot tell what prices will be. When wheat was up to eighty-three cents it looked as though the farmer was going to be rewarded this fall; but prices are now in the sixties ana the prospect not so good. The im provement in the iron, steel and woolen trades has been rapid. Wages have been advanced and orders have come in larcre numbers. All this means that the calamity cries of our Republican friends have been wasted. The Wilson bill has proved to be a practical business measure. When it is fully tried it will yield a much larger revenue; but whether sufficient to meet all the expenses of the govern ment remains to be seen. I would not say that it might be necessary to in crease the revenue by an additional tax on beer, spirits or sugar; but that is a contingency of the future." Of silver, Vest said: "If any at tempt to commit the Democratic national convention to a single gold standard succeeds, it will split the party and cause the nomination of a fiee silver ticket. The people of the East have no idea of the strength of this sentiment in the Western and Southern states. It will be the main issue in 1996. The question must be settled and it will not down until it is settled. The silver men do not demand an immediate approval of a free coinaere law, and would be contented with a frank, honest expres sion committing the party to bimetal lism and a free use of silver as soon as some practical measure could be form ulated and enacted into law. The Re publicans will probably straddle, as they usually do. Missouri is strongly free silver. Ihe Democrats will hold a convention in August, and I believe it will declare unanimously for free coinage. The presidential sentiment does not point to anyone in particular in the Democratic party. Mr. Cleve land will leave office with renown to himself and the country. I do not be lieve he would accept a third term even though it should be offered him, which is unlikelv." CROP CONDITIONS. Average Condition of Winter Wheat 65.8 Against 71.1 in Jane. Washington, July 12. The July returns to the statistician of the de partment of agriculture by the cor respondents make the following aver age condition: Corn, 99.3; winter wheat, 65.8; spring wheat, 102.2; oats, 83.2; winter rye. 82.2; spring rye, 77; all rye, 80.7; bar ley, 91.9; rice, 84.4; potatoes, 91.52; to bacco, 85.9. Acreage of potatoes compared with 194, 10".9, and to tobacco, b4.8 per cent. The report on acreage of corn, which is preliminary, shows 107.8, as compared with- the area planted in 1S94, which was a little over 76,ooo,oou acres, being an increase oi o,uu,uuu acres, and aggregating in round num bers S2, 000,000 acres. The average for the principal corn states are: Ohio, 104; Michigan, 104; Indiana, 104; Ill inois, 105; Wisconsin, 105; Minnesota. 112; Iowa, 106; Missouri, 107; Kansas, 117; Nebraska, 107; Texas, il2; Ten nessee, 107; Kentucky, iu. ine aver age condition of corn is 99.3, against 9o in July last year and 93.2 in 1893. The averages of condition of winter wheat is 65.8, against 71.1 in June and 83.2 last July. The percentages of principal states are: New lork, 7s; Pennsylvania, 88; Ken tucky, 85, Ohio, 60; Michigan, 69; In diana, 52; Illinois, 50; Missouri, 68; Kansas, 42; California, 82; Oregon, 9.5.; Washington, 93. The condition of the spring wheat is 102.2, against vi.o in June and 68.4 in July, 1S94. State av erages are: Minnesota, 112; Wiscon sin, 98; Iowa, 109; Kansas, 46; Ne braska, 80; South Dakota, 112; North Dakota, 102; Washington, 94; Ore gon, yo. The average condition 01 an wneai for the country is 76.2. The condition of oats is 83.2, against 54.3 June 1, and 77.7 July 1, 1894. The condition of winter rye is 82.2; of spring rye, 77.0, and all rye, 80.7. The average condition of barley is 91.9, against 90.3 in June, an increase of 1.6 points. A MAMMOUTH ARENA. Corbet t and Fitzslmmons Will Combat Ln a Stupendous Structure. Dallas, Texas, July 12. A diagram of the great Corbett-Fitzsimmons building was displayed at Dan Stuart's office in the Astor building yesterday morning. It showed an octagon struc ture covering 400 feet of ground or nearly four acres. The following are its grand divisions: Unreserved seats, 30,S66; reserved seats, 17,638; in bal cony, 2,406; seats for the press, 652; total, 52,815. There never was such a theater built in the United States, and possibly never will be again. The Democratic Wigwam at Chicago only held 50,000, and the Music hall at the worldls fair no more. The prize ring is in the ex act center and will be forty feet square, elevated four feet from the ground. The 652 seats reserved for the press will be next around the ring. From thence there is a sharp ascent toward the clouds, dizzy with marks and squares and pierced with aisles. As enormous as the capacity is, it is confidently expected that every seat will be taken. 4-The Little Minute Man" is the title of a story by H. G. Paine, which will be published in Harer's Round Table for July 9th. The plot of this story is deeidedly .ingenious, its hero being a boy who, on the occasion of a visit from a party of Hessians, in Revolu tionary days, hides in' a big hall-clock, ascertains the plans of the enemy, and, by making the clock gain time, con trives that the hostile design miscar ries. The same number of the Round Table contains an article by W. Ham ilton Gibson, entitled "Two Fairy Sponges," and "The Raleigh Reds." a Fourth-of-July story by Julian Cono-ver. HE TALKS ON SILVER. senator allison's views white metal. OF Bis Remarks Before the Iowa Republi can State Convention Voicing: the Pol Icy of the Party on National Issues Degradation of the Daddy Dollar to Fifty Cents An Avalanche of Sllrer bnt Rest for Labor. Senator Allison on Silver. Des Moines, Iowa, July 11. The Iowa Republican state convention to day attracted more than usual atten tion on account of the possibilities af fecting the presidential boom of Iowa's favorite son, United States Senator William B. Allison. The utterances of the temporary chairman of the conven tion, Joseph R. Lane of Davenport, were listened to with marked interest as an outline of the Allison idea as to the present political situation. After referring in words which pro voked wild cheers to the possibility of Iowa having the next president, Mr. Lane said for the financial policy of the Republican party: "Gold and silver have always been, and will continue to be, the money of the world. They are not the creatures of legislation. These metals are the natural money of the world, because of their divisibility and their non-destruetibility. The value or price of these metals, gold and silver, is and must of necessity be determined and measured by the same rule applied to all other commodities that is by the quantity produced and the de mand for its use. By this rule gold is more precious and silver the less valu able. We recognize this difference in value in the coinage of silver and gold into money at a fixed ratio. That ratio thus fixed may become changed and seriously disturbed by an abnor mal increase in the production of one or the other. 'The enormous production of silver in the past few years, in this and other countries, has increased the quantity without relatively increasing the de mand and has lowered the value. Sil ver being necessary in the money world, we must either maintain its coinage at par, by legislative limita tion of the amount, or change the coinage ratio to the basis of its market value. Under the pol icy of legislative limitation of the amount, aided by redemption when in excess of the demand, we have been able to maintain at par our silver com, although its intrinsic value is much less. This policy was satisfac tory so long as the price of silver con tinued high, but when it became reduced on account of the overproduc tion and other causes, there sprung up a demand, by the producers of silver, for special silver legislation. This claim has now crystalized into a de mand for the free and unlimited coin age of gold and silver at tne ratio of 16 to 1. This means to give to every man, to every nation, the right to deposit at the mints of the United States silver in unlimited quan tity, and to demand and receive in re turn, free of charge or cost, that silver coined into money at the ratio of 16 to 1 bearing the stamp of bur govern ment. In my judgment such a policy will establish America to be the dump ing ground of silver for the world. It means we would be brought at once to a silver basis. It means the degrada tion of our dollar to fiftv cents. It means repudiation. It will bring an avalanche of silver, but a rest for la bor. 4In the past the Republican party has espoused the cause of the people on all the great questions affecting their interests. So dow the Republi can party must not be lured aside by what might be called an apparent craze sweeping over the country, Dut must take its position according to the very right of this question. In my view we should favor bimetallism, the use of both silver and gold with the largest use of silver in our currency that will not impair or endan ger in any way the parity in value of all money in circulation, whether metallic or paper. That we should favor an international confer ence to adopt " such measure as will in sure a parity of value between gold and silver for use as money throughout the world. That the United States should not open its mints to free coin age of silver until an arrangement shall have been made with other lead ing nations, whereby they will agree to concurrently open their mints to free coinage at an agreed ratio." When Senator Allison appeared on the platform at the opening of the convention there was a pandemonium of cheering, to which he responded with a bow, and was then seated. When Temporary Chairman Lane re ferred to Allison as a presidential pos sibility the applause became so great and continued that ex-United States Senator George G. Wright of this city, led Mr. Allison again to the front of the stage, while he blushed like a school girl and tears rolled down his cheeks. The convention adjourned - till 2 o'clock. The platform will be in line with Lane's speech. HARRISON ON biofCLINC The Ex-President Denies Condemning- Their Use by Women. Indianapolis, Ind., July 11. The attention of General Banjamin Harri son, being called to an alleg d inter view published in New York, in which he was made to say that he was op posed to the use of bicycles by women, he was quick to deny having said what was attributed to him. "I have," said the ex-president, talked with no newspaper man on such a subject. I may have said some thing to personal friends on this sub ject, but my views are not in accord with the views expressed in that arti cle. I expect it is another one of those made-up articles for which York newspaper men are famous." Only last week a local bicycle firm shipped two wheels to Saratoga, one for Mrs. McKee, General Harrison's daughter. and the other for her snn. Illew Open the Safe. Hope, Kan., July jl. The safe in the Santa Fe depot at this point was blown open by professional burglars ard about $30 in cash secured. No clue was found, except a necktie (four- in-hand), which was used to tie a sack on a sledge-hammer and which had on it the stamp of the Economy Clothing house of Carthage, Mo. ENGLAND DONE US UP. The Cornell Crew Demoralized Over De feat. London, July 11. The members ol the Cornell crew arose early io-dayt were well rubbed down and had break fast at 7:30 o'clock. They were all well and in the best of spirits. As the Trinity crew paddled into position in order to meet Cornell in the fourth heat of the trial races for the grand challenge cup they met with a rousing reception. Their average weigit was 165 pounds. Cornell was 6low in taking up posi tion on the Berkshire side. The word go" was given at 12:32 o'clocl:, and Cornell caught the water first and started with a stroke of 46 to Trinity's 42. Cornell was half a length ahead on turning into the course after pass ing Regatta island. Then the Cornell runners began to encourage the Amer ican crew and under this stimulus the Cornell men, who had dropped 1-0 88, spurted and increased their lead to a length. Trinity was then splashing slightly. Cornell made the half mile in two minutes and twenty-five seconds, but passing Frawley court went to pieces. Freeborn, No. 4, in the Cornell boat dropped his oar and put his hands to his face. The Cornell crew seemed paralyzed at this. Hall, stroke of the Cornell crew, seemed not to under stand what was interfering with the momentum of the boat and half turned round. By the time the Cor nell crew were again at work Trinity Hall was a length ahead. Ihe Cornell crew then bacame so rattled that they rowed like a lot of schoolboys, and Hager, No. 3, dropped his oar and fell back into the arms of Spellman, No. 2. The latter instantly relieved him, and as Hager did not re cover himself, Colson, the coxswain, called out sharply, "What are you about there?" Hager then resumed his oar and seemed to try to row, but no sooner had the crew recommenced pulling with Trinity hall five lengths ahead than Freeborn again dropped his oar and with one hand before his eyes seemed to grope blindly to recover it. By this time Trinity hall was seven or eight lengths ahead, rowing to a long, even stroke, and they could plainly be seen laughing to one an other. Passing the mile post in five minutes twenty-two seconds. Fennell's head fell forward and he seemed about to faint. He also dropped his oar and rubbed his forehead. The shouts of encouragement of little Colson, the Cornell coxswain, could be distinctly heard above the din of cheering from the shore, where the Cornell men were running along the bank, frantically en deavoring to encourage the crew. Fen nell recovered and tried to row, but his oar struck the water flat, although it was sometimes in the proper position. The Trinity crew was then hopeless ly ahead and the race was virtually over. The crowds on the river banks and in the boats along the shore were frantic with de light at Cornell's unfortunate situation, but the Cornell men continued to run along the shore shouting all kinds of encouragement to the demoralized crew. The Cornell men in the boat, how ever, seemed more fit to be in their coffins than in a boat race. The Amer ican spectators ashore and afloat were heart broken at the collapse. The grand stand was filled with brightly dressed American girls ana many 01 them were crying at the finish. Trinity Hall won the race easily by eight lengths and as the Cornell boat crossed the finish line renneu ieu from his seat in a dead faint. The Britishers were wild with de light when Trinity passed Cornell at the three-quarter post, but words failed to express their enthusiasm when Trinity Hall won and Cornell tailed along past the grand stand. Then the Cornell men were received with hisses. They stopped rowing be fore they passed the judges who hoist ed the sign, "Not rowed out." The band then played "iiod oave ine Queen" as the crowd cheered lUeli hoarse, and Fennell lay as 11 dead in the bottom of the Cornell boat, while his nearest companions splashed water in his face. He soon recovered, and the Cornell crew slowly paddled to their boat house. The ceneral opinion is that the Cor nell crew were hopelessly overtrained ind that there was no climate or mala- ria about it. L-oison, wno acieu as ipokesman for the Cornell crew, said: We had a hard race and we were fairly and squarely beaten." RUSSIA'S GENEROUS OFFER Czar Alexander III Ready to Advan ce Gold to America. Washington, July 11. "Discussion of the gold reserve in the treasury and the action past and probable of the Morgayi-Rothschild bond syndicate brought to light to-day the fact that Czar Alexander III of Russia offered to 1an to the United States all the go)d necessary to maintain the reserve at any figure desired. The friendly tender was declined by President Cleveland because, after several weeks of consideration and deliberation and telegraphic correspondence back and forth between Washington and St. Petersr-irg, it was decided that the president had not the authority to issue bonds or otherwise incur indebtedness on behalf of the government. Since then the power of the president and the secretary of the treasury to issue bonds has been determined, and if the offer were repeated by the present Rus sian ruler it might be accepted. "The story of the proposition made by .the czar, and the way it was re ceived by the president and his ad visers was one of the best kept secrets of the white house. Although the in cident occurred some two years ago, no hint of it has reached the public until now." Japan to Balld Ships. Washington, July ll. It is the be lief among officials here that Japan will use a large part of the war indem nity which China is to pay to ma terially increase her navy. The finan cial resources of Japan will be very abundant during the coming year, as she will receive over 5100,000,000 be fore next May, and thereafter about 20,000,000 a year for five years. This will be drawn entirely from China and will be in addition to Japans usual receipts from customs and internal revenues.
