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About The McCook tribune. (McCook, Neb.) 1886-1936 | View Entire Issue (May 17, 1901)
Tumultuous Proceedings on "Wall Street
Affect Burlington Movement ,
UNION PACIFIC PROTECTING ITSELF
Purchase of Northern Pacific Shares Is to
Prevent Rival's Benefiting Kulm Iioob
May now Assent to Triangular Arrange
ment With the Northerners.
NEW YORK , May 9. The Evening
Post , In discussing the Northern Pa
cific situation , says : Kuhn , Loeb &
Go , , it was , creditably stated today ,
have acquired sufficient Northern Pa
cific stock to prevent , if they desire ,
the approval of the Burlington pur
chase by Northern Pacific sharehold
ers. Their purchases for the most part
Lave been made within a week. Some
compromise will be made , as the par
ties in conflict are so important , and
Union Pacific interests , which the
management of that property felt were
threatened by the aggressive policy of
the Northern Pacific , will be protected
"by " agreement or by Mr. Harriman and
perhaps other Union Pacific directors
going into the Northern Pacific board.
These are matters which necessarily
are still unsettled , but Kuhn , Loeb &
Co. now have virtually the power to
tietermine whether the Northern Pa
cific will secure the Burlington , and
whether assurances given that their
Union Pacific interests will be fully
protected. It appears that they would
not push their advantage so far as to
stop the merger proposed by Mr. Hill.
Dealing with the relations of things
In the turmoil of Wall street the
financial writer of the Evening Post ,
in a news leader in its edition this
evening , says : The fundamental fact
In the Northern Pacific situation was
that the Burlington deal is placed in
jeopardy , as matters stand at present.
Union Pacific interests , who were
alarmed at the danger of their prop
erty , lying in the control of the Bur
lington by the northern transconti
nental line , have bought the ratifica
tion of the Burlington purchase by the
Norttiern Pacific shareholders unless
some agreement is made with them
which will protect their interests suf-
The corner in the shares was un
precedented. That development re-
. suited , it is said , from Mr. Keene's
clever appreciation of the situation in
the stock , the legitimate demand for
which had heavily reduced the floating
supply. The corner is a secondary
aspect , though the more spectacular
one to the public , in a movement of
far-reaching consequences , possibly
putting a stop to the plans for the
greatest of railroad mergers , upsetting
President Hill's audacious plan to have
the Northern Pacific control Burling
The policy of Kuhn , Loeb & Co. has
been essentially one of self-protection ,
and being now in a dominant position
where the "balance of power" in the
western railway situation , so rudely
disturbed bjy Mr. Hill's Burlington
deal , has been- restored , they will con
tent themselves. Rather than create
lasting hostilities among the great
Western railroads which would follow
the abandonment of the Burlington
deal , there probably will be made a
triangular arrangement , with the
Union Pacific sharing the control as
.well as the Northern Pacific and the
Great Northern , under a modification
of the burden of the guaranty.
DUE TO CORNER ON CORN.
That Is Why Starch Mills Arc to Be
NEW YORK , May 9. William F.
Piel , Jr. , president of the National
Starch Manufacturing company , when
Been at his residence in Brooklyn to
night , said that it was true that the
company had ordered all its factories
closed. He said that it was done on
account of the present corner in corn
at Chicago. Mr. Piel said the company
did not care to purchase corn while
the corner is on , but would wait un
til the market became stable. He said
it was simply a case of business pro
tection , and that he thought the shut
downs would not last for any great
period of time.
Treasury Buying Bonds.
WASHINGTON , May 9 .The secre
tary of the treasury today bought
$89,000 short term 4 per cent bonds
Secretary Gage late this afternoon
purchased $75,000 short term 4 per
cent bonds at 113.65.
Ho also purchased $30,000 short
term 4 per cent bonds at 113.65.
Deere of Moltno is Slated.
CHICAGO , May 9. W. H. Printon ,
president of the Peru Plow and Wheel
works of Peru , 111. , said : "The plow
combine is likely to be merged into
a great trust of all the implement
makers of the United States. Ninety
per cent of them art , iow represented
in a conference at New York. The
capital of the new trust will be as
much as $50,000,000 and may amount
to $75,000,000. Charles-'H. Deere will
00 made president. "
CLAIM CRISIS IS PASSED.
Industrial Leader Assorts that Financial
Storm Has Spent Its Fury.
NEW YORK , May 10. A banket
who participated In the movement to
relieve the market this evening made
this statement to the Associated
"We loaned $1,000,000 In the market
after 10 o'clock today , some of it as
low as 6 per cent , and feel that the
crisis Is over. I do not believe that
a single large loan will go down.
There have been tremendous losses.
Thousands of accounts , representing
millions of dollars , are wiped oiut.
But the banks are firm and the large
operators are , I think , capable of
caring for themselves. You see , they
have been taking large profits and are
capable of standing up. At present
prices'I feel that stocks are a good in
vestment and look for heavy buying
orders. A good day and the market
will be steady again. The banks
acted together today , but there was
no consonance of agreement about it.
We placed about $16,000,000 in the ag
gregate and the moral effect was
good. Wall street could not stand
many days like -this , but as it is the
storm Is weathered and the situa
tion will improve from the opening
An Industrial leader made this state
ment to the Associated Press :
"I believe the worst of the storm is
over. They have been conferences of
importance among the larger financi
ers and it has been decided that every
man of standing in the street shall
be protected. I had thought there
would be failures , but there are in
fluences strong enough to avert at
work and I am no sure they will suc
ceed. . I look for buying orders and a
rally in the market. There will also
be peace among the interests now at
ARMOUR GETS SIOUX CITY PLANT.
Acquires International Packing Com
SIOUX CITY , May 10 It became
known here today that Armour & Co.
of Chicago have purchase the old In
ternational Packing plant and will
operate it. The plant was built by the
Silberhorns at a cost of § 400,000. It
covers five acres of ground. The ca
pacity of the plant is 500 cattle , 3,250
hogs and 1,000 sheep.
In 1899 the plant was acquired by
the International Packing company ,
which operated it until the reorganiza
tion of the company when the Sioux
City Provision company took charge
a few weeks ago.
Sioux City people are rejoicing be
cause of the fact that a rivalry for
business is expected to spring up be
tween the Armour plant and the Cud-
ahy concern now in operation here.
GETS THE HARVARD DEGREE.
McKinley to Be Made a Doctor of airs
nt Juno Commencement.
BOSTON , May 10. The board of
overseers of Harvard university at the
regular meeting here today voted to
grant the degree of doctor of laws
to President McKinley. The degree
will be conferred at the commence
ment in June.
President Solomon Lincoln of the
board announced the action after the
meeting , but he declined to state how
the vote stood. From another source
it was learned that it was 26 to 3.
The meeting was prolonged from 11
o'clock until 2. The intense interest
in the question to be acted upon was
evinced by the large attendance , only
seven of the twenty-nine members of
the board being absent.
England Takes Census ,
LONDON , May 10. According to
the returns of this year's census the
total population in England and
Wales is 32,325,716. This is an in
crease over the population of 1891 of
3.523,191 , or , in other words , an in
crease of 12.15 per cent in the last
ten years. The increase in the decade
between 1881 and 1891 was 11.65 per
According to the census forty-eight
counties show increases while four
teen show decreases.
To Have a Street Fair.
WYMORE , Neb. , May 10. The busi
ness men's association has decided to
hold a street fair the coming Septem
ber and the following committee' has
been named to arrange ihe prelim
inary work : R , P. Boyle , J. A. Reul-
itig , T. P. Hargrave and J. R. Dodds.
The fair will last for a week and every
day will be a special day , including a
firemen's tournament , corn carnival ,
flower parade , etc. Several thousand
dollars have been guaranteed for
To Protect Western Roads.
NEW YORK , May 10. A confer
ence was held In Kuhn , Loeb & Co.'s
office between Jacob H. Schiff , E. K.
Harriman and George J. Gould. Iso
official statement could be obtained ,
but it was reported that a settlement
o ! the railroad differences in the
west had been arranged and that as
surance would be given to the Rock
Island , St. Paul and Union Pacific
companies that their interests would
be protected In an alliance.
THE LIVE STOCK MARKET.
Latest Quotations from Booth Omaha
and Kansas City *
Cattle There was another liberal run
of cattle and as the supply for the week
up to this time has been heavy packers
started In to pound the market. Sellers
held for steady prices and as a result the
market was very slow and draggy and
It was late before much of any thing 4was
done. There were not far from 0 cars of
beef steers on sale , and packers started
In bidding generally a dime lower. In
some cases where the cattle just suited
them they did not try to take off that
much , but In the case of the commoner
kinds they frequently bid more than a
dime lower. Sellers held for steady
prices , but packers would not raise their
bids and for that reason the market was
very slow and draggy and nothing like a
clearance was made until a late hour.
The cow market was In better shape ,
there being only about a dozen cars o'n
sale. Bulls , If of satisfactory quality , met
with ready sales at yesterday's quota
tions. Stackers and feeders were not In
very active demand and in fact the mar
ket could be quoted slow and weak.
Hogs There vas not as heavy a supply j
of hogs as there has been of late and the
market opened strong to 2&c higher. The
bulk of the early sales went at $5.67 .
with the choicer loads at $5.70 , and occa
sionally one at $5.72fc , and as high as J5.75
was paid. The lighter hogs sold largely
at $3.65. After the first few rounds buy
ers lowered their bids , as they claim they
are paying almost Chicago prices. They
want to buy the general run of hogs at
$5.62 % and $5.65 , or about the same as they
paid yesterday. Sellers were holding for
the morning prices , and as a result noth
ing was done for a time.
Sheep The following were the quota
tions : Choice wooled wethers , $firstname.lastname@example.org ;
fair to good woole"d wethers , $email@example.com ;
clipped wethers , $3.S5@4.00 ; fair to good
clipped wethers , $3.CO@3.85 ; choice light
weight ewes , wooled , $4.CO@4.13 ; fair to
good ewes , $firstname.lastname@example.org ; clipped ewes , $3.25 ®
U.7o ; choice wooled lambs , $email@example.com ; fair
to good lambs. $firstname.lastname@example.org ; clipped lambs ,
$email@example.com ; fair to good clipped lambs , $3.75
@ 4.20 ; spring lambs. $5.5 < XgG.50 ; feeder
wethers , $firstname.lastname@example.org ; feeder lambs , $1.00 ®
Cattle Best , beef , steady to lOc lower ;
stackers and feeders , steady ; cows and
heifers , lOgldC lower ; choice beef , $5.20@
5.60 ; fair to good , $email@example.com ; stackers and
feeders , $3.85@5.CO ; western-fed steers , ? 4.50
O5.25 ; Texas and Indian , $4.SO@5.CO ; cows ,
$firstname.lastname@example.org ; heifers. $3.25@o.OO ; canners , $2.25
@ 3.00 ; bulls. $3 email@example.com ; calves , $1.00@C.OO.
Hogs Market opened steady and closed
5c higher ; top. $5.83bulk of sales , $5.60@
5.75 ; heavy , $5.75@5.S5 ; mixed packers , $5.00
@ 5.75 ; light. $firstname.lastname@example.org * ; pigs. $email@example.com.
Sheep and Lambs Market 5c higher ;
western lambs , $firstname.lastname@example.org ; western weth
ers , $email@example.com ; western yearlings , $4.25@
1.70 ; ewes , $3.50 ( 4.00 ; culls , $firstname.lastname@example.org ; grass
Texans , $3.5Q@4.00 ; spring lambs. $5.00g6.50. (
MNLEY THROUGH A WINDOW.
President Has to Do Acrobatic Stnnt to
Escape Press of People.
SAN LUIS OBISPO , Gal. , May 11.
The presidential party stopped at San
Luis Obispo. It was almost dark when
the train arrived. The president and
party were driven to the Ramona
hotel , where the president spoke briefly
from the veranda. After he had con
cluded the crowd surged up the steps
in a vain endeavor to get near him and
there was almost a panic for a moment.
With some difficulty the president was
extricated through a window into the
parlor and thence to a rear exit , where
he got his carriage to the train. Sev
eral of the party had narrow escapes
from severe injury.
Offers to Find Missing Body.
FORT DODGE , May 11. The friends
of George McMahon , the farmer who
mysteriously disappeared about three
weeks ago , have received a letter from
a medium in Minneapolis , stating that
McMahon was killed by a neckyoke on
the same night of his disappearance.
The medium offers to findMcMahon's
body provided $500 is placed in one of
the banks of this city , to be paid to
her if successful. Mrs. 'McMahon ' has
done this and says she is willing to
give $1,000 to locate her husband. Mr.
McMahon's friends have determined
not to give up the search , and if the
medium fails to find the body they will
probably place the matter in the hands
of the Pinkerton agency. They say
they will maintain the search , even if
it lasts for years.
Becomes Suddenly Demented.
PERU , Neb. , May 11. John Wood-
ard , whose home is four miles east of
Hamburg , la. , was taken in charge by
friends here while suffering from what
is thought to be temporary dementia.
Woodard came here to spend a few
days with his children at school in
Peru. He conceived the Idea that he
was to be buried in Mount Vernon cem
etery , near here , and in order that he
might save himself from being carried
to the grave , he started to walk to the
cemetery last night , partially undress
ing en route.
Mr. Game's Bond Buying.
WASHINGTON , D. C. , May 11. Sec
retary of the treasury today purchased
$28,500 short term 4 per cent bonds
at $113.65. He also bought $200 short
terms at $113.57. This purchase is of
date April 27.
Dispute is at a Deadlock.
NEW YORK , May 11. A Wall street
news agency made this statement yes
terday afternoon : It is authoritatively
stated that the principal matters in
dispute regarding the affairs and pol
icy of -Northern Pacific Railway
company are at a deadlock rom which
a change is hardly to be fcxpected by
the arrival here of J. P. Morgan. The
agreement of Thursday night appears
to have been prompted wholly to re
lieve the actual short interest.
The Chafing Dish nn Old One.
The chafing dish is among the most
ancient adjuncts to the culinary de
partment of all nations. It was in
great demand at the grand feasts given
by the wealthy citizens in ancient
Rome. Some of these dishes have re
cently been found among the ruins of
Pompeii. They are of exquisite work
Colonel McCIure's Successor.
With the retirement of Col. McClure
from the Philadelphia Times , Dr.
Alfred C. Lambdin , who has been his
associate in the editorial direction of
the paper from its first issue , has be
come the editor. Darwin G. Fenno ,
who has been the managing editor for
onany years , continues in that respon
Emigration From Ireland.
Ireland lost by emigration last year
45,288 souls , an increase over 1899 of
3,347. Over 82 per cent of these were
between the ages of 15 and 35. Of
the total number of emigrants 37,765
' came to the United States , Great Britain -
, ain .received 6,050 , New Zealand G4 ,
Canada 472 and Australia 834.
He's a Cigarette Fiend.
The emperor of China is now said
.to be suffering from the effects of too
much tobacco. According to reports
he smokes cigarettes continuously and
ras many American cigars as he can
A Miracle Explained.
Bryant , Mo. , May 13th. The sensa
tional cure of Mrs. M. A. Goss of this
place has sent a ripple of excitement
all over Douglas county , and Dodd's
Kidney Pills , the remedy In question ,
are receiving thereby the greatest ad
vertisement any medicine has ever had
in this state.
To satisfy the many inquiries which
she finds it impossible to answer by
letter , Mrs. Goss has sent the follow
ing statement of her case to the St.
Louis Globe-Democrat :
"I did not think I could live a day
and suffer as I have lived and suffered
for months , with Sciatica and Rheu
matism. I used baths and liniments
of all kinds. Two physicians treated
me , one of them for two months. Noth
ing helped me in the least I never
slept more than ten or fifteen minutes
at a time. I was bedfast and had to
lie on one side all the time. I used
to wish for death to deliver me from
"A friend suggested Dodd's Kidney
Pills , and after I had used them a
week I began to improve , and in about
four weeks I could sit up in bed. . A
few days later I walked a quarter of
a mile and back. I now do all my own
cooking and housework. The pain
has entirely left me and I am a well
woman. I have taken altogether six
teen boxes of Dodd's Kidney Pills.
Dodd's Kidney Pills saved my life.
"Mrs M. A. Goss. "
People come for miles to see Mrs.
Goss and hear her wonderful story.
Dodd's Kidney Pills are working mar-
velo s cures in Missouri.
Nebraska Calls It Robbery.
Evidence that money or goods were
obtained from a man by charging him
with a crime and threatening to ex
pose him is held by the supreme court
of Nebraska to be sufficient to estab
lish the crime of robbery.
What Do the Children Drink ?
Don't give them tea or coffee. Have yon
tried the new food drink called GflAIN-O ?
It is delicious and nourishing' , and takes the
place of coffee. The more Grain-O you give
the children the more health you distribute
through their systems. Graln-O is made of
pure grains , and when properly prepared
tastes like the choice grades of coffee , but
costs about X ss much. All grocers sell it.
There's no use trying to "pump"
some people unless you know how to
$148 will buy new Upright piano on
easy payments. Write for catalogues.
Schmoller & Mueller , 1313 Farnam
street , Omaha.
"Time is money , " said the man who
paid the jeweler $1.50 for repairing a
The test of a good novel is public in
ability to wait until it comes out in
An orchestra of not more than twen
ty pieces can easily make the effect of
If a woman has a mirror in her room
there's where the carpet will wear out
The Tourlnc President.
After April 29 , on which date Presi
dent McKlnley will leave Washington
for the Pacific slope , ho will spend
very little time in the capital till next
fall. The western trip will occupy six
wecics , and after his return the presi
dent will almost Immediately go to
New England to attend the commence
ment of Wellesley and Harvard univer
sities and to be the guest of Senator
Hoar. After a sojourn of three days
at Mr. Hoar's home , in Worcester ,
Mass. , Mr. McKinley will visit Senator
McMillan , at Manchester-by-the-Sea ,
and later will go to Hingham , the home
of Secretary Long , where he will spend
the Fourth of July. He will pass the
remainder of the summer at Canton.
Electrically Worked Farm.
The United States consul at Magde
burg , Germany , describes an electrical
farm operated in Germany In which
the power for generating the electric
current was derived from a stream
whose waters were dammed up to se
cure the necessary fall to turn a large
turbine wheel. Nearly all the farm
machinery , including pumps , harvest
ers , feed cutters , threshing machines ,
churns and ploughs , were operated by
the electricity thus generated , which
was conducted to all parts of the farm
on overhead wires.
Willing : to Compromise.
The following letter , written by a
woman in Kansas , has been received
by the Philadelphia police department :
"Chief Police , will you see the woman
whose name is in the inclosod adver
tisement , i will settle with her for
$500. She has a medicine which she
says will Remove hair from the face , i
sent her one dollar and got a bottle
of the medicine and it burnt my face
and now i have got a heavy beard the
doctor say i will have whiskers now
all my life , if she will give you $500
i will take it and say nothing against
the woman. "
California's Oiled Roadbeds.
The practice of oiling roads to keep
the dust down was begun in California
a few years ago and is extending to
several parts of that state. The dry
season is so long that the idea of ob
taining dustless roads is naturally at
tractive to Californians and the suc
cess that has attended the use of oil
for this purpose promises to cause its
even more general adoption.
Deserved to Win.
November 5 last , the day before her
husband was elected county super
visor , Mrs. Felix J. Jauron , of Salix ,
la. , gave birth to a twelve-pound boy.
Mr. Jauron was elected to the same
position three years ago and a few
days prior to that election he became
the father of girl twin babies. He
was the only democrat elected in
Work of One Woman.
There will be only one building at
the Pan-American exposition in Buf
falo designed in its entirety by a wo
man , and that one is the structure
which will , represent the states of
New England. The woman whose bril
liancy as an architect has gained for
her this honor is Miss Josephine
Wright Chapman of Boston.
The Oldest Doctor.
The oldest duly qualified physician
in the world resides at Carlsbad in the
person of Callus Ritter von Hochber-
ger , M. D. , imperial and royal coun
selor of the Austrian court. He was
born on October 15 , 1803 , and , there
fore , is 97 years old. He has been in
practice for seventy-four years and still
gives medical advice.
Manufacture of beer from beet roots
is being advocated in England. The
beet abounds in sugar juice , but it is
stated that the cost of separating it
from the gums , acids and salts is some
what expensive and would result in a
higher price being charged for the
When Their Terms Boffin.
Alabama and Kentucky inaugurate
their governors in December , Georgia
in November , Louisiana in April ,
Rhode Island in May and Vermont in
October. The term of the governor of
New York expires officially on Decem
ber 31 , and from January 1 to March
4. 1901 , Theodore Roosevelt will be a
The Only Woman Admiral.
The queen of Greece is the only wo
man admiral in the world. She was so
appointed by the late Emperor Alex
ander III. of Russia , because of her
love for the sea , instead of being given
a regiment , according to custom.
THE SASKATOON _ DISTRICT.
ONE OF THE
The Great Advantages
Where the Soil ! of Unex I
or two a largo
During the past year
number of American
going from the
ada ) , have made homes in the Saskatoon
teen district In Western Canada. They
have found the climate all that could
be desired and their prospects are of
the brightest In writing of It a cor
respondent says :
The lands for sale are choice selec
tions from a large area , and everyj
farm is within easy distance of a rail
way station. Experience hasshown that
this district enjoys Immunity from
summer frost , from cyclones
zards. The South Saskatchewan ,
flowing through the tract , is one of
the finest rivers In the country , be
ing navigable and having an averaga
width of stream of 1,000 feet.
The agents of the Canadian govern
ment , whose advertisement appears
elsewhere In your paper and who will
be pleased to furnish full Information ,
tell mo that within the limits of the
tract there are two distinct varieties " s
of soil. One is a rich black loam , and
the other Is a somewhat lighter loam ,
containing a small admixture of aand.
There appears to be no appreciable
difference between the fertility of these
two kinds of soil. Both are alluvial
in their characteristics , both are marvelously -
velously productive , and both reat
upon a subsoil of clay. The ad
vantage of this formation is that It
retains the heat of the day during the
night , and Is favorable to the early
maturity of crops. Every kind of
crop will here attain the highest per
fection of quality. The land is admir
ably adapted for stock-raising and
dairy farming , as well as growing
grain. Some idea of the richness of
the natural grasses of the prairie may.
be formed from the fact that more
than. 200 tons of hay were gathered )
within a short distance of Saskatooa
and stored up for use during the win
ter. A growth so luxuriant demon
strates beyond all possible question the
suitability of the land for pasturing
cattle , and no doubt this important in
dustry will be largely carried on.
Nature has been lavish In her gifts
to this territory. Not only is the soil
of unexampled fertility , but the climate
is delightful and healthy. Such is the
testimony of every settler , and this
testimony is confirmed by enthusiastic 1
opinions from every traveler , explorer ,
missionary or newspaper correspond
ent who has ever visited this far-
famed Saskatchewan Valley. In form
er j'ears vast herds of buffalo came
here towinter from the elevated
storm-swept regions south of the
United States boundary line , proving
thereby the adaptation of these rolling
prairies to the purpose of raising
stock. The land is dry , with sufficient ,
but not excessive rainfall , capable of
early cultivation in the spring , and
free from summer frosts. The config
uration o the country renders artifi
cial drainage unnecessary , and pre
vents the accumulation of stagnant
pools ; mists and fogs are seldom seen.
The days of summer are full of sun
shine , under the genial influence of
which crops rapidly ripen. Autumn ,
is characterized by an almost unbroken ;
succession of fine weather , during
which the crops are safely garnered.
In winter it is cold , but extremely ex
hilarating and pleasant , owing to the
wonderful dryness and bracing quali
ties of the air. The winter is a source
of profit as well as enjoyment to the
people , being far healthier than a
Waterand fuel these two prime-
necessaries of life are plentiful !
throughout the district.
Probably the majority of clergymen
are poor because they preach without
Ask your grocer for DEFIANCE
STARCH , the only 16 oz. package for
10 cents. All other 10-cent starch con
tains only 12 oz. Satisfaction guaran
teed or money refunded.
If your dealer
Ho Fuss does not keep
them , write to
No Muss agency of
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