THE CORN CORNER
IT FINALLY COMES TO AN AB
RUPT TERMINATION.
SHORTS EFFECT SETTLEMENTS
Pries on Ce.eal jsponds with Drop
of Nearly Sixteen Cents in Conse
quence—Profit Reaches Million and
and a Hair—How it Will Be Divided.
CHICAGO, June 16.—The famous
John W. Gates’ corner on .July coin
came to an abrupt termination yester
day, when it became known that
shorts to the extent of a good many
million bushels had effected a private
settl -ment with Harris, Gates & Co.,
and that the deal was at an end so
far as the steel magnate was concern
ed. Tiie July price responded to the
settlement by a quick drop of 15:>i
cents to t>5Vi cents. Later it recover
ed a fraction and closed at 6516 cents,
substantially the price of the cash ar
ticle.
Just liow many bushels were subject
to private settlement will probably
never be known, nor is there any
chance that the identity of the '‘big
fellows” in the trade who doubtless
contributed liberally to the fortunes
of Mr. Gates and the friends associated
with him in the deal will never be
positively known. Mr. Gates is at
present in New York, and Mr. Scotten,
manager for the Harris-Gates house,
would admit only the fact of the set
tlement by outstanding shorts. Even
the fact of a termination of the July
deal was left largeiy to inference, but
the trade readily figured that with the
shorts all practically in, nothing in
the shape of a corner could exist.
No special excitement attended the
premature puncturing of the bubble
by the man whose property it was.
The trade has all along admitted that
Mr. Gatos was right, and also his abi!
ity to do what he pleased with torn,
and if he chose to close the deal a
couple of weeks prior to the time at
which it would have ended by limita
tion there was no one to say him
nay. The only unusual thing in the
pa prior to the time at which it be
came known that the corner was at an
end was the unusual purchasing of
July corn in small lots by various
commission houses. Pit trade during
the day wras not much over 500,000
bushels.
Manager Scotten would not discuss
the settlement price. This price, how
ever, was not a matter of decided in
terest to the trade generally.
With the knowledge that Monday
night's closing prices was 81 cents and
the opening yesterday from 79 to 80
cents, the concensus of opinion among
the outsiders was that Mr. Gate3 had
demanded either 80 or 81 cents from
the people who were foolish enough
to sell him corn all the way from
60 cents up. The length of the line of
July settled for by July shorts is also
a matter of more or less conjecture.
Mr. Scotten said it was several mil
lion bushels, and that the length of
the line had never been overestimated.
It has been called as high as 25,
000,000 bushels, but, more generally
20.000. 000 bushel*. It is a matter of
common knowledge that since it be
came possible to make deliveries on
the July contracts the Harris-Gates
people have taken in and paid out
about 3,000,000 bushels. This would
leave settlements on some 17,000,000
bushels.
To form an estimate of an apparent
profit by the deal would necessitate a
knowledge of the average price at
which the property was bought. This
can never be known unless come time
later Mr. Gates chooses to divulge it.
It is estimated, however, by close ob
servers of the transaction that Mr.
Gates’ profit will not exceed $1,500,000.
This, amount will be divided between
ten or a dozen millionaires who were
interested in the deal. Mr. Gates and
his friends have between 4,000,000 and
6.000. 000 of cash corn, which they
must dispose of before the corner can
be called absolutely settled.
Neighbors Honor Ra*hbC"C,
HAMILTON, G., July Jo.—a series
of demonstrations in honor of E. O.
liathbone, late director of posts in
Cuba, were given here on the occasion
of his return to his old home. On
his arrival from Cincinnati he was
met at the depot by about 100 repre
sentative citizens and escorted to the
St. Charles hotel, where parlors had
beeen engaged for a public reception,
which continued for a couple of hours.
This evening a dinner was tendered
him.
Congressman Badly Bitten.
BALTIMORE, Md„ July 16—Con
gressman Frank C. Wachter was badly
bitten in both hands yesterday while
heroically endeavoring to defend his
little daughter, Miss Hattie C. Wach
ter, from the attacks of a large St.
Bernard dog. The daughter was also
badly bitten. Mrs. Wachter, who wit
nessed the onslaught, is completely
prostrated by nervous shock. The dog
was slain.
BOND TO PAY DEPOSITORS.
Stockholders of German Bank of Mur
dock to Wind Up Atfairs.
| LINCOLN. Neb.. July 19.—Acting
j in accordance with a section of the
! Nebraska banking ar t, the state board
I of banking today approved the bond
the stockholders of the defunct Ger
man bank of Murdock, under which
the stockholders agree to pay all
claims against the institution within
the next six months. By the terms oi
the agreement they are to be given
possession of all of the paper and
records of the bank. They will \v;ud
up its affairs in their own way, but
are liable for all deposits and hills
outstanding. It is understood that
the stockholders will appoint C. F.
Cushman, cashier of the Bank of
Murdock, as trustee. The liabilities
ot the defunct bank are approximately
$40,000. The paper of the bank Is said
to be good for its face value. Mr.
Cuthmau was one ot the stockholders
of the Institution. Under this ar
rangement no receiver will be ap
pointed. The bond is for $70,000.
The German bank of Murdock was
closed by order of the 3tate banking
board two weeks ago, it having been
learned that one of its officers had
been guilty of a direct violation of
the law. This violation was the issu
ance of a certificate of deposit for
$3,000, without having it registered
in the bank, or the deposit credited.
LOOKS INTO STOCK THEFTS.
Men Accused of Rustling on Trial at
Greeley.
GREELEY, Neb., July 19.—District
court convened here with Judge John
Ft. Thompson on the bench and quite
an array of outside legal talent in
attendance.
This session of the court, promises
to he of a good deal of interest on ac
count of the alleged cattle and horse
thieves that are to be before it. Mike
Lamb and Marr, alias Hill, will he
the chief figures, both being charged
with securing a carload of cattle and
half a dozen horses and mules and
running them off. For ten or a dozen
years a gang in the northeast part of
this and the edge of Room' and Wheel
er counties have been operating with
more or less frequency and success,
many cattle, hogs and horses have
gotten away that could not be traced,
but now and then the parties have
been apprehended and partial punish
ment meted to them. Two of them
have been in the penitentiary for
short terms, and three have been shot
and killed in the last six years.
Will Enlarge Orphans’ Home.
FREMONT, Neb.. July 19.—An ad
dition 40x16 and three stories in
height is to be built to the main,
building of the orphans’ home. The
school building will be moved some
distance to the north. The board of
directors decided to petition the city
council to extend the water works
system to their building. The finan
cial condition of the orphanage is far
better than ever before and there is
enough money in the treasury to erect
the new addition.
Reward Offered for Murderer.
LINCOLN, Neb., July 19.—Acting
Governor Steele issued a proclama
tion announcing the state's reward of
$200 for the apprehension of Charles
J. Alexander, wanted for the murder
of Charles Hall at Madison on July 4.
Hall, an Omaha gambler, was shot
down in cold blood. Alexander walk
ing boldly down the straet to a horse
and escaping without injury. He has
not been seen or heard of since.
Opposes Adjunct School Law.
FREMONT, Neb.. July 19.—The ad
junct school district law passed by
the last session of the legislature
meets with little favor in this county.
Of the eighty-three school districts in
the county of the vote on the propo
sition have been received from all but
nineteen. It was defeated in all of
them and the total majority against
it in the county is about 200.
Grasshoppers Dying Off.
CALLAWAY, Neb., July 1!).—Grass
hoppers in this locality are dying by
the millions, and farmers cannot ex
plain the cause. They crawl up to
'the top of whatever they are on and
fasten their feet in a deadly grip and
die. A bunch of the dead hoppers
has been sent to Prof, limner of the
state experimental station for exam
ination.
Pass Counterfeit Money.
HASTINGS. Neb., July 19.—A cou
ple of counterfeiters struck Hastings
and succeeded in exchanging several
spurious coins for the genutue article.
Young Man Drowns in Lake.
SARONVILLE, Neb., July 19.—
Hardy Aspegren, son of Adolph As
pegren, a popular young man, was
drowned in Peterson’s lake while
bathing.
Ainsworth to Have a Carnival.
AINSWORTH, Neb., July 19.—At a
mass meeting of citizens it was de
cided by a unanimous vote to hold a
carnival in Ainsworth September 16,
17, 18, and 19, 1902.
j THEIR WORK FOR THE YEAR.
lit is Outlined by the Nebraska Society
for the Promotion and Improve
ment of Religious Education.
On the ith and 6th of last April a
body of Christian ministers and lay
men met in the parlors of the First
Congregational church of Lincoln. The
call for this religious conference was
issued by E. Benjamin Andrews, W. F.
Dann and E. L. Hinman on behalf of
the University ot Nebraska, and by
B. M. Long, H. O. Rowlands and M. A.
Bullock on behalf of the Lincoln Pas
ters’ association.
The result was a fair attendance
and a most interesting discussion. A
permanent organization was made by
the. election of Prof. Charles Fordyce,
Wesleyan university, as president; T.
M. Hodgman, University of Nebraska,
secretary, and a board of managers—
Chancellor E. B. Andrews, N. M. Mann,
Omaha; President George Sutherland,
Grand Island college; \V. G. Whit
more, Valley, and Prof. A. B. Fair
child, Doane college.
At a session of the officers and man
agers held Aril 11 it was decided,
among other matters, to call the or
ganization "The Nebraska Society for
the Promotion and Improvement of Re
ligious Education," anil the committee
whose names are signed to this arti
cle was instructed to prepare an ad
dress setting forth the origin and im
mediate purposes of the society.
The names of the men who initiated
and who are carrying on this move
ment arc a sufficient guarantee that
it is non-sectarian but wholly Chris
tian. In a modest way the society
aspires to do its share in laying the
foundations of faith broader and
deeper.
Unaided, this society can do little,
hut with the cordial co-operation of
the religious leaders in Omaha, Grand
Island, Hastings and Beatrice it is
hoped to hold district conferences in
these centers during the fall and win
ter. A splendid opportunity for tho
agitation of the topics below is pre
sented to the many denominational
gatherings that occur this summer.
We appeal to those having these pro
grams in charge to provide a place
for the discussion of some of the top
ics about to be stated. The secretary
will be grateful if the best of these
papers are sent him. To a limited ex
tent, the society can furnish speakers
if request is made to the secretary.
In the judgment of the society the
best results will come by concentrat
ing attention thi3 year upon the ad
mitted decay of parental religious in
struction and the query as to whether
bible school teaching in its present
condition is a full equivalent.
To what is this decay due? Is it
a dimming of faith? Are the exac
tions of society and business robbing
.he religious life? Is confusion of
thought arising from the wider dis
semination of agnostic literature?
Does the breaking down of denomina
tional barriers undermine the convic
tions of the individual? Is it a nat
ural timidity incident to the loss of
the habit of religious meditation and
self-analysis induced by the old cate
chising system? Or is it another il
lustration of the modern spirit of spe
cialization whereby the parent delib
erately commits the religious training
of his child to the supposedly better
equipped bible school teacher?
Upon the last point there is in the
minds of careful observers a grave
doubt as to whether the confidence of
the parent is not misplaced. What
are the reasons for the weakness of
the bible school Instruction? Why do
the young men and women so easily
drop out of the Sunday school?
Admitting that the great burden of
religious training rests upon the bible
school, does it not behoove us to
Ihe remedy? A great looseness of
the remedy? A great looseness of in
religious thought, a fatal flabbiness
in religious conviction characterize
our young people. There is reform de
manded somewhere. Other states are
awakening to this fact. Shall Ne
braska lag behind?
(Signed.) CHARLES FOHDYCE.
President.
A. B. FAIRCHILD.
T. M. HODGMAN,
Secretary.
Corn is Prey of Chinchbugs.
FREMONT, Neb., July 21— Farmers
report considerable damage being
done Xo early corn by chinchbugs.
They come from wheat fields from
which the wheat has been harvested
and confine their attention to the out
er COW'S.
Some husbands are devoted to their
wives and some are devoted tc fhem
selves.
Active Work on Coal Mine.
WAliOO, Neb., July 21.—Active
work on the Swedeburg coal mine
shaft is now in progress, and any
skepticism that may have existed in
the minds of some regarding the stock
company’s further action i+ develop
ment work has been removed. The
company strongly maintains that the
substance is there in paying quanti
ties, not only of coal but valuable
clays, and they have no hesitancy in
sinking a shaft. i
THE LIVE STOCK MARKET.
Latest Quotations from South Omaha
and Kansas City.
SOfTH OMAHA.
C.VTTI.K.—There were a few good to
eh( ice beef steers on sal < and such kinds
changed hands freely at stronger prices.
As high ns was paid, which is as
high as has been paid on this market this
season. The kinds that sell from $7.03
down were not In very active demand
•>n.l were certainly no more than steady.
The bulk of the receipts was made up of
eo-,v stuff an I a good many of them were
re age cattle. Buyers w re slow about
taking hold and as a rrsult it was late
before anything like a clearance was
made. The best grades did not sell much
ill!!* rent from yesterday, but the gen-*
tral run was slow and steady to a little
lower. The market is so uneven that it
is almost impossible to tell much about
it. for some time sales look a good deal
hlrhor than others. Choice bulls held
about steady, but others wer* a little
toy.- r if anything. Stags and veal calves
sol! steady where the quality was at ull
good. Stockers and feeders did not sell
much different from yesterday. The best
grades in particular held steady, hut the
common kinds Wi r- dull and the tend
ency was very evidently toward lower
prices.
IICOS.—There was far from being a
heavy supply of hogs, but as reports from
other points were rather unfavorable to
the s illng Intends prices eased off a
little here. The market opened slow but
about steady and the hulk of the good
Weight hogs sold on that hisls. As most
of the heavy hogs sold early, the decline
was most noticeable on the lighter
weights. Heavy hogs sold largely from
$7.73 to $7.00 and the medium weights
went from 57.70 down.
SH KEK-Quotations for clipped stock:
Ocnd to choice yearlings, {3.75th 1.0-e fair
to good. 3(1)3.73: good to choice weth
< rs. $3.71 'n73; fair to good wethers. $3.23
good to choice ewes. $2.75'fi3.23; fair
to getod ewes, $2.00(1)2.75; good to ohoice
spring Iambs, $5. ft/./5,80; fair to good
spring lambs. $3.(XKft5.8o: feeder wethers.
$!.0->*3.23: feeder yearlings, $1.1003.33:
feeder lambs, $3.0<>jt3.90; feeder ewes, $1.23
if) 2.23.
KANSAS CITY.
rATTl.R—Cornfe i cattle active, steady
to strong; quarantine stuff strong; rows
nnd heifers steady; Stockers and feeders,
very slow; choice export and dressed
beef steers. $8.000 8.23; fair to good, $5.00
01.00; stockers and feeders, $3.0005.30:
western fed ste< rs. $1.3500.25; Texas nnd
Indian steers, $2.2501.25; Texas cows. $2.00
03.30: native cows. $1.5003.00: native heif
ers. $2.CO04.75; dinners. $1.0002.50; bulls,
$2.500'4.50; calves. $2.6.703.00.
HOGS.—Market opened steady to strong,
closed easier; top, J7.&7‘->>; blk of sales,
$7.707i7.90; heavy, $7.02*107.9706; mixed
packers. $7.8007.95: light, $7.1307.SO; york
ers. $7.700 7 0); pigs, $7.150 7.40.
SHEEP AND I,AMBS.—Sheep 10015c
higher, lambs steady to 10c lower: native
lambs, 4.45-06.25; western lambs, $,'1.0005.80;
native wethers, $4,150 1.90; western weth
ers, $3,304)4.45; fed ewes. $3.3504.20. Texas
clipped yearlings. Jo.IKjI.I"; Texas clipped
sheep. $3.0003.45; Stockers and feeders,
$2.00413.10.
ENDS CAREER ON GALLOWS.
Reckless Son of Respectable Illinois
Parents Hanged in Canada.
TORONTO. Julv 19—Fred Lee Rice
was hanged here yesterday for the
•murder of Constable William Boyd
on June 4, 1901.
Rice was dressed in a neat-fitting
suit of dark clothes, with a rose in
his coat. He went to the gallows as
calmly as if he were going to an even
ing arty.
When he awoke in the morning he
received his spiritual adviser and
spent a quarter of an hour in silent
prayer. When the hangman entered
the cell he was received smilingly by
by the condemned man. Rice mount
ed the steps to the gallows without
a tremor and his execution followed a
few moments later.
His body was handed over to his
mother, who will start with it today
for his late home in Illinois.
Rice, together with Frank Rutledge
and Tohmas Jones, were on trial for
robbing the postoffice at Aurora.
While being conveyed from the court
house to the jail on the day of the
murder a package in which were two
revolvers was thrown into the car
riage. Rice secured one of them and
shot Boyd.
Pay Honor to Carnegie.
LONDON. July 19.—The freedom of
St. Andrews, Scotland, was conferred
this afternoon on Andrew Carnegie,
Lord Elgin and Lord Balfour of Bur
leigh, trustees of the Carnegie univer
sity fund.
To Abolish Division.
WASHINGTON, July 19.—It is prob
able that the division of the Philip
pines will be abolished when General
Davis takes command on September 30
and that it will be made a department,
divided into different districts.
Presented with a Purse.
CAPETOWN, July 19.—The women
of Capetown presented Mrs. Steyn,
wife of the ex-president of the Orange
River Colony, with a purse of £1,000
before she sailed for Europe with her
husband.
Sentenced to Penitentiary.
NEBRASKA CITY, Neb., July 21.—
Harry C. Wertz, arrested here on the
charge of passing forged checks on
several of our merchants, wras sentenc
ed to the penitentiary for one year.
Comptroller Issues a Call.
WASHINGTON, July. 19.—The
comptroller of the currency today is
sued a call for the condition of na
tional hanks at the close of business
July 16.
lal PEOPLE M2
I I EVENTS
MAKE CHANGES IN PRETORIA.
Transvaal City Beginning to Take on
an English Aspect.
Pretoria is beginning to take on an
English aspect. The bronze figures
of the typical Voortrekkers, which
were intended for the base of the
Kruger statue in Government Square,
Pretoria, have been presented to Lord
Kitchener, who has had them shipped
to England in order that they may
grace as a war trophy, the Royal En
gineers’ quarters at. Chatham. On the
sito of the Kruger statue Samuel
Marks, who has given the bronze
figures, has offered a large sum to
place a statue of the king, and it is
further stated in a letter to the London
Telegraph that this royal British sub
ject is willing to place a statue of the
late queen on the opposite side of the
square. Already the faces of the gov
ernment buildings displays the royal
arms cut in the solid stone.—Now
York Tribune.
AN INDIAN MILLIONAIRE.
Unveiled His Own Monument and
Spoke the Farewell Words.
Probably the most unique Fourth
of July celebration in any part of the
country was that witnessed by the
people of Blackwell, Okla. Col. Black
well. who practically owns the entire
town, had invited and paid the rail
road fare of friends from all parts
of the territory to assemble near his
prospective grave ii. the Blackwell
cemetery. Here he not only unveiled
his own monument, but also delivered
a farewell addres3, during which he
read lii3 will, the contents of which
would denote that much of his wealth
will go for charitable purposes.
Blackwell is an Indian and is well
liked throughout the territory. Be
sides the town that bears his name he
owns a 12,000-acre coal field in Indian
Territory, and is said to he worth
about $2,000,000.
Autographs at Auction.
A remarkably interesting autograph
manuscript of John G. Whittier was
sold at auction in New York lately,
it consists of twenty-two verses of
four lines each of his beautiful poem.
Another interesting item in
the same sale was a fine
four page letter of Oliver Wen
dell Holmes, dated Dee. 29, 1855, re
lating to his address to the New Eng
land Society and discussing his views
of slavery. Still another item of great
interest was a letter of three pages
written by Washington Irving to Dan
iel -Webster in regard to the former's
re'-ont appointment as minister to
Spain.
Courts Make Cut in Salaries.
Delaware courts have treated some
corporation officials to a somewhat
disagreeable surprise. About three
years ago the Thomas & Davis Wail
Paper company was formed. John
Thomas, the general manager, was
voted a salary of $10,000 a year by the
directors, other officials also getting
handsome figures. Dissatisfied stock
holders in the concern complained
against such extravagant salaries, and
now the courts have decided that Mr.
Thomas is to have $1,500 a year, other
salaries being cut in proportion.
CAUSED SEN iATION AT ROME.
Vatican Refuses to Recognize Mar
riage of Princess Raspigliosi.
A sensation has been caused ;i
Rome by the action of the Vatican in
prohibiting a Cathode sistr- from at
tending the Princess Raspigdosi, on
the ground that her marriage to the
prince is not recc ;nized by the
church, it having been a civil cere
mony, owing to the prince’s inability
to secure church sanction, the prin
cess having been divorced from her
first husband. She was formerly the
wife of Col. Parkhurst of Bangor, Me.
.She was born in New Orleans and is
a granddaughter of Capt. Reid, a
noted figure in the Revolutionary
war. Her marriage to the prince was
attended by romantic features.
Persons. Placesjf
and Things_jj
PROMOTION FOR GEN. YOUNG.
_
Belief at Wachi.-igtan That He Will
Be Head of the Army.
Major General S. M. B. Young, now
president or the War College board,
will probably succeed Gen. Miles as
the lieutenant generc! of the army.
Gen. Miles will reae' the age o? re
tirement in August, 1903, and tiie
president’s plan is believed to be to
name Gen. Young as his successor.
Gen. Young lias been one of the
distinguished fighters of the army,
and the president desires to give him
this promotion before he retires,
which will be in j.904.
GIRL WHISTLES CHURCH MUSIC.
New York Innovation That Has Met
With Decided Approval.
“Whistling in church? Why not? If
God gave me the gift to emulate the
birds, why should I not use it to his
glory?”
These were the questions propound
ed by Miss I.ouise Truax, a charming
girl of 19 years, who took the congre
gation by storm in the Lexington
Avor.ue Baptist church .it New York.
Miss Truax spoke of her hopes and
ambitions.
“Yes," she said seriously, “I Intend
to make whistling the ain of my life.
I have studied method under the best
of teachers, have received encour
agement from Mme. Schumann-Heink,
Miss Thursby and other artists of
that class, and have refused an offer
of $S,000 a year to whistle with an
opera company. 1 do not wish to go
on the professional stage, but I would
like to whistle in churches. The day
will come when whistling in church
will be no great novelty.”
In the Lexington Avenue church
from pastor down the enthusiasm
over the notes from Miss Truax’s lips
i r.s great. Accompanied by the soft
est notes of the organ, the young wo
man whistled Schumann's “Tran- *
mere!” during the offertory. After
the sermon the congregation flocked
around her and beg'ed her to whistle
another selection. She gave them
the “Mocking Bird, and in the even
ing whistled “The Flower Song,” by
Mendelssohn. Miss Truax hails from
Detroit.
Gererosity of Tammany Man.
John J. Scanned, former fire com- J
missioner of New Yor.c has made glad
the heart of an cld friend, Gen.
DuBois BrinkerhofT of Fishkill Land
ing, N. Y., by buying at auction the
general'8 farm, which was sold to
satisfy a mortgage. After his pur
chase Scanned said to the previous
owner: "Mr. Brinkerboff, that farm
is yours to stay on as long as you
live. Order what you want to im
prove it and send the bids to me.”
Bob Flush Lost $2,500.
In a game some years ago in Lex
ington, Ky. Henry C. White and ex
Congressman W. C. Owens, now prac
tising law in Louisville, were the
players. After the draw. White tak
ing two cards and Owens one, the
former bet the latter $500. Owens
raised White $1,800 and White called
the big bet with three duces. The
ex-congressman only had a bobtail
and White of course raked ia the
money.
New Army Paymaster General.
The next paymaster general of She
navy will be John Niniger Speei of
Minnesota, at present fleet paymaster
of the European station on the flag
ship Illinois. Speei is 49 years old, "a
nephew of Alexander Kamsey of Min
nesota, formerly secretary of war, and ^
lias an excellent record in the service, '
which he entered in 1875.