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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (May 17, 1884)
1 OMAHA DAILY -A THIRTEENTH YEAK. OMAHA , NEB. SATUttOAY MORNING. MA17 , 1884. NO. 287 \ A PAUSE IH THE PANIC , Ihc Latest Rcuorts From tlic Financial Centers ol the V/orW / , Government Bonds Slightly Flat tened by Hatch's ' Failure ( A Visible Eiso From Book Bottom tom Prices Maintained , 'The Condition of the Swamped Banks Favorable to Eosume , Foreign Capital Investing Heavily in Botds and Stocks , Euns on Various New York Banks All Day Yesterday , They Stand the Test Bravely , Some Paying Gold , Eussoll Sage Settles Three- Fourths of His Puts , Donnoll , Lawson & Simpson Fin ally Make an Assignment , Cyrus W , Field's Encouraging Views on the Situation , His Opinion of Gambling Hank 1'rcn- Ulents Financial Fragments. THE SITUATION. THE OPENING. NEW YORK , May 1C At this time there is every indication of a brisk day. The oflico of Fisk & Hatch ia open for all desiring to consult the lirm , but no buai- ness ia transacted beycnd receiving claims and fixing a basis of settlement. Fisk said many dopoaitora and other cred itors expressed entire confidence and no tified them that their claims would not bo pressed. 10:00 : a. m. The gong sounded and the day's business began at the stock ex change. There was no the appearance of a flurry on the floor , and although the va rious pools appear larger than the usual number , offjra appear equal to the bida. A talk \vith a few membera of the board brought out the fact that they believed there would bo higher prices to-day , un less new failures occurred. No ono ex pressed the opinion that this was possi ble , but it ia impossible yet to predict what the day will bring forth. HID1UULOUB. RUMORS. 10:15 : a. m. The clearing house com mittee have loan certificates ready for instant delivery and express a determina tion to use them liberally with a view of relieving without delay any stringency in the money market. The wild talk about the closing of the stock exchange is treat ed with ridicule , as no necessity exists for such action , speculation being in no sense panicky. An old member of the board says the dealings are less flurried ihan on many occasions , when no partic ular reason exists for excitement. An ollicar of the exchange states ho was in formed by Uuasell Sago that he would meet every put sent in , but must proceed slowly. DOWN TO BUSINESS. The street ha * settled down to work. There is un absence of idle giz rs and the vicinity is no lunger cumbered with masses of curiosity seekers and vidtorp. The galleries were well tilleda , majmityof thojo looking on being elegantly dresaed ladies. A TUMBLE IN IfONDS. Governments uro depressed. The 41 and 4s , which closed ut § 1 101 12 and § 1 2001 22 on the street liRt niht are now SI OSAel 08j and § 1 ] GG-,11 ! ) B ink presidents say thu weakm-na in caus ( d by fear that Fiak & Hatch's holdings will bo maikoted , Russell Sjgo was not taking a took i on -st privileges this morning , but is making settlement by giving checks for the differ ence that is , instead of payir.g for stocks in full ho gives holders his "puts" for profits accruing on the transactions. This eaves him paying a largo amount of money , but his action will compel brokers - kers to Boll stock which thy had bought expecting that he would , r.s it lias been the custom to i ccpivo them on his puta. ANOTHER KAILURE , 10:45 : A M Fiak fc Jl.uch posted a notice laying coupons of the Central PaciDo bmiOM would bo paid at the oflico of the railn-td company. 11:05 : A M H. C. Hwdy & Son's have uuuuuuoed their suspension. AU contracts at the stock exchange provided for. llardy & Son's oflico is at 10 Wall street. TheyBtato tlmt their suspenti'in ia at present unaccounted for. Stocks are heavy and demoralized on account of Hardy's failure. Like shore is down to 81 cents. CONDITION OK ftTOCKS. Stccks opened weak ' and 'ovorish , except - cept Western Union , and Uiii-m Pacific St. Paul opened IJJovw , Noith western i , Lackawamm g , L-iko Shore i , and Heading nnd Omaha 2A.'I'l - - - was sue ceedcd by better nnd general advance of I Ut 2 , Foreign bankers nro buying extensively - ly , exchange weak , rates reduced to 4 85i and 4.8'i. Rumors of failures con- thino but no fiiiiounceinont ia yet made THE HROKEN HANKS. [ 11:25 : n in. Stock * rail'oJ i to 2 } for shares. But fuw stocks are luary , N. Y Central telling r.t 108 ngainit 110 , LtL-o Shore back to 83 Munagnr OA-IIJI of iho Clearing huuso rays banks are avail ing homselvos more freely of the now certificates , Ho will not bo ( surprised if § 10,000,000 is taken to-day. Yanderliilt brokers say their chief reached London Monday nnd expect to receive heavy or ders from him to buy , The suspended firms all busy straightening their iiU'wis. GolV & lUndall will not hnvo a nUtomout before next week , ttimock A Co. ttato they require some- Hino to adjust thotr accounts. Hatch & Fisk , Bogart & Co , Hotchkiss & Burn- Inm.aud J. 0. Williams cannot give any thing definite aj to the state of their nf- faii-s. Nelson , Robinson & Co , expect to resume in n thort time. Donncll , Lawson * Simpson nro not disposed to say anything. THE OUTLOOK IN LONDON. LONDON. May 1C. The opening prices nt the stock exchange this morning were sinumhat lower than last niaht. "ho alight rolnpso wns causotl by nd.'lccs Jos- tcrday from Now York regarding tlio fi nancial sitiution , especially by Fisk Uatch's suoponsion. Shortly after the polling the Rotioral firmness which pro- ailed up to 2.110 wns caused by the bears coking to cover short sales , nnd pur liasoa by small iuvuatoia. Erie wiw piotcd nt 10J ; Erie second consols nt C8 ; Ilinoia nt 12C ; Ponnsylvnnia nt 57J and New Yoik Central at 112 } . KANSAS CITY RECOVeRS. KANSAS CITV , May 10 All tr cca of yesterday's ' flurry in banking circlcsjiavo isnppearod. Banks nro nil paying in ull to-day and business is niovim ; na UHUil. The plan of partial p-xyiuonls doptod yesterday waa simply u prccati- ionary measures r.ud was dispenacd with 13 Boon ns confidence wna restored , NOON FIGURES. Money is not quotable. Prime paper lominal. Bir silver , 11H. Exchnnu'O JopreBBod nt § 4 82 nnd § 1 8 4 long ; $4 81 ind § 4 85 sight. Governments lower , tates nominal , railways very irregular and stocks batter since 11:40. : Inko Shore ia up to 81 , St. Paul to OSJ , Miss- niri Piicific to CG.1 , and Jnion Pacific to 42g Wea orn Union to 52 . At the aub rcasury , $3,500,00(5 ( legal tenders were paid out thu morning. This ntrengthons ho bank reserve. Brokers report a wil ingnesa on the part of banks to make oana. Lugo nmjunta como from Caua- In , nnd heavy transfers were made from ho other side. THE DANGEROUS 110UR3. The firat two hours business which arc usually th < i moat dangoroua in n season ol lurry , passed with only one small failure , which had no depressing influence. Sub' [ "roasuror Acton says there was brisk do1 nand for legal tenders at his oil-n ! yes- erday , causing the withdrawal of $3,600- 000. Up to this hour to-day a million'le- gal tenders were paid out , and nearly nether million of silver certificates , the alter for payment in saving banks. Sterling oxthango quotations nominal. There is some pressure to eell cables and hort bills. Ljng bills are almost un saleable. Continental exchange is weak I'AILURES IMR THE WEEK. The failures for the post week report ed by Dunn & Co. in United states number 182 ; Canada 27 , total 209 ; an increase of 18. A TUMBLE IN LONDON. LONDON , 5 p. m , . May 1C. Since half east four a strong downward tendency in American stocks , especially Like Share , prevailed. The street waa crowded. .THE OIL MAKKET. , , , PmsBURG , May 2C. The market opened feverish this morning at 77 ; sold down to OTA , when the decline was checked , aud the market rallied to 72 closing firm at that. The session was attended with great excitement and every available space in the lobby and gallarioa were filled with anxious specta tors. Trade is demoralized. Every ono seems to have lost their loads. Yesterday's heavy declincfollow- ing that of Wednesday , it waa thought , would result in a number of failures this morning , but the fears proved ground- oss , as all shoots pas ed the cloirlng iiouso , id though many aie said to have sustained serious losses. A NEW JERSEV 1UNK GOES. NEWARK , N.J. , May 1C. The Newark savings institution closed its doors to day. The bank officers say Fish and Hatch owe the institution a million of dollars. DON NELL , LAWhON AND HIMPriON. 12:30 : I'.ji. A representative of the na anointed preai IIIH just visited Donncll , Luvson and Simpson , and found n full i irco of eleiku unravelling the accounts They expect to make a statement this afternoon. AT THE PRODUCE EXCHANGE. BuaititHa in.itttrBUt the produce ex change luar rather n gloomy look although no failures or rumors of failures are curicul ; trade IB not supposed to op- crate to any m itenal exrdnt ; shippers' operations are chocl.ed by the extreme difficulty ( f selling sterling rxchaiigu. Prices are all lower and tending down ward. Leading members are quite h ipo- Fill that there will bu no panic on the pro duce exchange , but eomo momborn nr.-i discouraged at the outlook of financial affairs in Wall street. OIL At the protrolftini oxchingo this morn ing prices broke 8J i , or from 73i lit the close yesterday do\vn to C.'is , Tlioro was inn excitement but prices afterward re covered about 4 , steady at 12.15 p. m , at 0 ! ) , No failures lepjrted , KVMt ON JUNKS The run on thu Eun iant Inlustrml S.vingB bank was abated to-day. No ' union Iho Manhattan Savings 'institu tion. The Oroenvi h Savingj bank tun ended to-day. Thoio WHS n Bleady run on the German Savings bank to day , mostly by women , the tello ; paying gold. The Second National bank ij quiet to diiy ; many deposits , but few dnxwing out At the Beker ctrent bank the run confined to Italians. Thoiu In no run on the Bu'chtra and Drovora National I a'tk , thu Oiti/.ona Savinga buik , the Aetiopnliiin ] SaMiiga bank , the Manhat tan Kavii.gi imtitiili'iu , and thu J'liat Riv er envini(8 ( bmks. Tlniu it a run on the Senmen'H Su ings bunk , but the dopoti tora ute paid. A .MILLION I'JtANCii IJOJIINfl. Orddra have baon eab'od by Sellgman for BhipuiHiit from ] ] iropo of a million francs in Nap'ilcoiia ' , and probibly nhini- dred tlinurand pounds in double cables vvill be shipped f nun 1 ondon. y RUhSELL HAOE Ins juat ctntod to Jay Goulrl that ho settled more than three-quarters of hia puts , and will continue erttling upas fust us the force can fiauro out the accounts. THE hEJII-I-ANIO OVER. y 1' . M The speculative dny ended [ 1 peacefully , all evidences go to show that . the period of the aomi-panio ia over , und d lonotflry ntFairs are grndimlly roturiiinj ; o their accustomed condition , TUP. ELKVATED \IUV\Y. . Negotiations nro caid to bo in progi' " ' * ooking to n definite settlement of the lovatcd railway difllcultips , and it ia pro ictcd their nll'iirs will bo amicably nd- ustcd by to-morrow. U.s HONDS. Washington advices state the nub reasurer there vepnrls only $100,0(0 in > oiula luia boon oflored in redemption indor the Folger proposition to ndeini ii anticipation of the date of the call. ? ho OXCOM in the troaiury now is § 152 , 75,05 ! ) , whioh h $14,000,000 above the cgid reserve ; therefore thuro is iMillleiunt or another call if nccofsnry. Thu clonr- ng houao banks have ngroed to adv nco 0 million dollars on government bonds if ocassary to protect tlie market Up to his hour (1:30 ( : p. m ) it is said § 2,50J,000 \cre loaned on this collateial. IN UROOKLYN. The excitement at the tovoral Brook- yn banks has cixliiiod down. There is ictliiiig that could bo called n run on mi ) avings banks to-day. The Atlantic State bank of Brooklyn got through last ight mid found overj thing all right nnd he capital of the bank ummimitod. Nr.WAUK , N. J. May 1C The naviiiKB nnk mnkus a gtatomunt. The purchase f govoinment bonds wns ontruitod to (1isk it Hatch , who agreed topiy intur- at pending the investment. The ropu- ation of the lirm led to over confidence uul carolo.tsness about obtaining the nee jaaary invoitment , The lirm owes the Kink neatly ono million dollars. The lox of securities uf the bank kept 1 > > ho lirm , which ought to hold govern- nent bonds only , has instead p.ri'.mil iropcrty not of equal value , nor readily c'plncud. 1ANKERS AND MEKUIIANTS1 THLEdRAl'lI CHIOAOO , M y 1C ( ! r. M A rumor came from New York to-night to the ef > ect that the Bankers and Merchants' L'cloyrnph c mipany had ntoppod all con struction of its lines aud dismissed its of men aa the result of the failure if pimock & Co. , the senior partner of which is president of the company. In tnawor to questions , K Stewart , super- nti ndcnt of the western division of the 3. & M. , said , there waa no truth in the rumor , as far ns his division wuu concern d ; that company lost no money by Jimock's failure ; that it had projected nuch construction nnd might bo it would be delayed in some pluctta , but ho lad not hoard of any such rosulta. A 11REWER BANKRUPT. 0. Mueller , of Clinton brewery , has assigned ; liabilities , $70,000 ; aaaetu the same. I'ISK AND 1IATUII SECURITIES. ' NEW YORK , May 1C Vit > k and Hatch to-duy tinned over § 2,500,000 securities ! [ eft with them for site keeping , aud are irepared to return all securities depos ited with them as collateral on loans soon ns the latter are paid off. IN THE SOUTH. ATLANTA , May 1C. There was a slighi run this morning on the binlcs. The ex citement was soon over. The banks clos ed stronger than when opened. Moss , POINT , La. , May 1C. L. Ran dall , grocer and commission niorchant has" failed ; liabilities , 850,000 ; assets , un OURIOSITr IUTIlU.i TIIAN ' LONDON , May 16. The NOP/S Bays : The city regards the American paniu with curiosity rather than alarm. It is believed the situation will improve when the weak financial concerns are weeded out. DONNELL , LUVSON AND SIMPSON ASSIGN. NEW YORK , May 1C. Donnell , L iw- si in and Simpson , the suspended firm , announce they have made nn assignment of all assets of the firm , and I\\M \ indi vidual assets of each member of the firm wherever situ ited , to thsir confidential clerk , 11. H. Weoins. They hope to pay ull liabilities , if not forced to sicrtlico the aesota The firm say the assignment viia determined on when parties west ti un attaching the property of thu con cern. CHICAGO VIK\VS. THE WORST IS 1'AbT. Special Dispatch to Tin : LEI : . CHIUAUO , Alny 1C. THE BEE correspondent pendent hai talked with leading liuaii- ciorB of this city , and they are unanimous m thu opinion that the worat ia past. I'hoy expect some more inilures , posbibly ( if onu or two prominent houses in Noiv Ynrk , und poj&ibly ono or two otli r cistern cities ; but they consider the real trouble piiat. Tlio tiiiuircs to COIIKI , they bolmve , will chicly bu nmull omniums , TAILS 1f > THE GREAT ICITES. which have ulrtady broken the weak v. Inch licld thtjin and they cumu down to lint ground wi'h u rush. Ab one after another ot the-u gc ) to the will , iho puuplu will BCO how insignificint thebcuio u , aud will come to a riuljV.mg nenao of the fact that it is simply and nololy u ymnbiers' and stock j ihbera1 pjinc , wliith c.tn have no ell'jct up in the ] ie 'pie en ga td in loKitimato buoinvss. That to a man who holds kgitiamto dividend pay mg stockh aa investment for liia muniiy and intiiiidh to Keep his innnoy in it , it niitkes no dili'ereiico what price the gam- blura of Wall utrout may put upon it. It will p.iy him thu piino dividend , no mat ter huw low tlio buarit put it , and that thu stock which pnyit no diudondh and is not liniily to pay ono , is not us profitable , is a permanent pico ( if pr iporty.no mat- tcr how lii li the 1m Is boost it. JHE MEN WHO CREATED all tliis fluny , create nothing else , and cun d stroy nothing i xuojii publiu conti- d.'iuo , While H few men who nmku up ihj Block txoluuguof Nmv Yrnrk have been watching the process by which the water 1ms betn giaduully hqiuuxud out of Htocks which great monopolies had ere- atul , and been trying to nqutvKe t-aoh other betting on thi ) lusult , the gtoat masd of people of this nution 1m boon buy addinj ; to the country and mooting u lock a on their vrityduwn , Thu ( lioroj.s- of all legitimate roads show this , and when thu pi'.uplu uco theru is nothing to fear , cjmliuence will lie matur ed ; money aiid business willresunio thuir accubtomed channels , und puojilu will leave the gambleta of Wall to hKITMi 'niEIll ISET8 as bast they maj , wlnlo the ouUido "Iambi" who hacu gone in und been silenced , may chow the bitter cud of r < i- I flection for a time , i < nd having learned 1 1 visdom , be jtroparcd to go to work again .Urn a lej-itimnto way. O.itsido of the ' board ot tnido and the stock board of thia city , tluiro has born vorv little evidence if miy c fl''Ct fr m tlm Now York Panic. I'ho only outwnrtl sign of it ia in fie xur mnrket , where rates hnvo been h Honed. Lfhns on govnrnmcnt bonds , vareliouso nfcoijils mid first class com- uorclal paper Invo been commanding 1 to 5 per uonL but during tlio past two luj 8 C per cent , could bu had on govern * jti'iit Boouritfci in NTOR- York ; cense * ] ucntly rate ) otifiencd hero to 5 cents , mil the bank * we.ro Rouiuwlint more con servative than formerl > on collateral. THE HANKS ARE \LLSrUONO , Monger than over before. The First S'ational has five to sit millions -nid the Cnmmorcinl National four millions , nil in gold , in their vaults. There have betn 10 mud on nny of fie banks. Uf c mrso there are nlwnyn a fe.iv timid depositors nmonx those whoso lioanh nro small and lard earii"il , who draw tlmm out at tu ! irst Qlimmor of n panic and bury tliom in the earlh , wliero , tlmtili ) "moth and Hint liny corrupt , " speculating bank presi- lent-j caniioti break through nor Meal. Arory few of tluwo hnwnvor , have drawn nif nuiliey wUlun the p , st three dnya , ind the most of those have returned them. TOlJllHKI ) UOTroM. WHAT OV11U3 W FIELD TH1NKM. Sjicclnl l > ispntcU to Thu HEK. NEW Youif , May 1C - In an interview iyrus W. Field says. "Pncen are now so low that no further decline ought U lappon in any really good stocka , mid the country hna every reason to expect a liroapoious year. The crop prospects aio excellent ; there ia no moru depression in funeral heard than would naturally bo expected from the hoivy decline in stocks , and I sco no reason why there should not bo n great business tevival the coming season. " "What , in your opinion , has brought the crash inVnll street ? " "Ifeoklcss 8 ] > eculaiiou and spoculotion by mon who have no ri ; lit to speculate- - officers of banks , presidents of railways and other important companies. J mo- tinea which have biought disaster to three of our national banks ought to bo strictly prohibited ; institution ! ) which imiko a buHtneaj of loaning money ought nut to bo in the market M boirowora. It'a not Biifo to permit cillia'is of banks , trint oompnnius and other institutions , which ha\u largo uums of money to loan , to speculate nnd bo borrowers of money for themselves or their friends for laigo out side operations ( , f the whole community will bo made to sullor by the results. " CHICAGO'S AlAKKKTS. A DAY or CHANGES. Special disp itch to Tin Boo. CHICAGO , May 10. The mnrkoti showed stendiuesa nt the opening thu morning , but n continuation of but advices from New York , accompanied bj the early decline in stocks , caused a sliarj decline in prices ; but there was a rnpk recovery aftorivaidj towards the close < n "change and on iho afternoon board. Thi feeling at times waa very strong , oivini to the improved tone of Now York , and ospeciallyo foreign advices. July whoa sold dovrn'Uw 88 cento , but closed on thi . ft l"v * t.VJ * i / . . than at any provioiu tune since the an iiouncomenfc of the. firat frdluro at Ne\\ York. Wheat advanced | Olc early , bul on rumors from New York foll'Of2l2Jo ii ! ) on improved eabtorn , adviuod ad- vuuctid li , cased oil n tnflu and closet J to Ic under jestorday. On the after noon boards prices advanced IJ and closed ut 80 J , Juno , 1)1 ) j for July. CORN was a"tivo and followed closely the course of wheat. July sold down to 5C . bul rose again nnd closed at f 7j to 58 June ckming at r > 5 On thu nfternoon buarc June rose to oUjj , July 58 , * OATS weibveaker and cloutd on "chnngo nt 32j for June , 'M for July. Un the af tornooi board Juno rose to 3 ! ! . rnovibiONS wcro very weak at tmiea , mesa pork do cl nliig 'M to 55 , but rallied J55 to 45 inn cl > sod steady nt 17k lor Juno , 17 ' ! tor July , tin llio utiuinoon board 1747 was bid for July. Lard declined 25 u 30 , rallied 15 t < i27i , closed steady ; Jun closed at 8 12 ? . , July at 825. Un tin afternoon l > aird Juno closed at 820 Julyal832j. t ! VTTLK. Tlio market gunerally wns fairly active with a good demiud tor all sorts. Pricu ruled iinn ull i'.ii'und ' and on modiun nnd common gr iUa of fat cittle BOIIH litdmeii thought thuy got u shadu buttn , jirico than \Vediiesauy \ nnd Thursday ' llowover , takui itltogothor , there wa little or no change in general market The demand was ottong and tuloainei found ksi difli ailty in mooting the view of biiyorn. Bu'chiri ' btoc'f ' in li 'ht HUJI ply nnd stead ) ; iho ntockem nnd feeders 'J'iiero wab a light supply of distillery cat tie , i rasi fed ToxaiiB making $1 25 t < $ . " > 00 A few l > Jis ( f corn fed colling a > 23 to 85 50. Best , distillery meet C dO to ? ti 30 and liuila nt $ i 80 Ligli teiiiH $5 20 to $5 50 ; medium , $5 5U t < ? 5 80 ; oxporto S 10 t . i0 75. HOIIS. The maiket wa < i dull and unaatiafactor to calluifi from ( irbt to list , i'neu opuned weal : nixl 5 to lOu lower , bu , a tlu forenoon pmst'd n\tuy vahieii Htuiidil doc.i-itd , and ut the finitli common > ui p ior Hurts weiu 15 to 20j lower , with n Icuxii 10,000 in tlio pirns ui.ivjld. Sale during I he day Imroly reached ! ) , 000 nin thuiu went over 20,10' ) on the marl. it Sihsnt § 5 'iO to C 1)5 ) for paokera am shipper * . § 5 20 'o 58) for usiiirh d lighl ami § 1 70 to 5 10 lor piu nnd Armour and < ino or two other b'g ( ijma wnru out df th muikot. OINOWNATTJ , Alay Hi The Woster Uxport iiBHociation , in aeision tn day , ur ringed uiieaMiienla and ( lisuuaiiud a i > duotion of the piodiiitiiiii. No ofliciii btatemontdf the proceedings wan madt but it W H undorHtood the dutillen * t/il nearly all close Junu lot for a period aO to 50 c Tlio II. I' . Itnjh Cndil Muhllrr. BOSTON , May 1(1 ( The Union Paciti jlUllriftl ( omfi'iny hau dikprucd of tli j Credit Mobilur Letiga > i ( n l > y n r eing f . purchase nil ouUtanping Credit Mobile block at 'i20 per nhnre , including tl p.iymont only of $320,000. NEWS OF THE NATION. Au Alleged Doublo-Enck-Aotion Blaiiio Dodge , Au Unfounded Ohargo that Arthur Has Issued a Paiuphlot , In Which Blniuo's ' Oharaotor and Eocord are Attaokodi ThoPublio Lands OommittoAftor Small The Pro-oinption and Tree Oul- turo Acts to boEepoalodi And Private Citizens Allowed But 160 Acres of Laud. AVIiIln VitrplKiinrM null Corporntlonn Golililo Ground by the 'J'lmiiMimt AcroH. A \NS1MUKNV HTO11Y. IH IT A IILUNI ! SUIIEMR. Spccl.il Dlipntch to TUG HEKJ WASHINOTON , May 1C The friends of Blnino have boon around to-day among the correHponponts of the papers favor- nhlu to that cmdidnto for the presidency , nnd to democratic correspondents , Baying they have discovered that n pamphlet has bacn issued nnd sent to the democratic journals of the country , making ncurril- oils attacks an Bame'n : chnraatur nnd record , and claim its authors are over- is > nlou < ) friends of President Arthur in Now York. This story may aa well _ bo stamped M faleo in advance of publica tion. It is known the president would not sanction any such thing , and it ia not reasonable tosuppiso his friends would do it without consulting him. The probv bilities are it 1ms boon concocted _ by BUine'a friends for tlio purpose of injur ing Arthur in the eyes of the people , and of egging him into n fight for the nomi nation HO that they may have an opportu nity to abuao him openly. THK PUHI.1O DOSIA1N. PENNV WISE. WASHINGTON , May 1C. The rcporl f-ubmittcd to accompany the bill reported from the houiio committee on public lands , providing tor the repeal of the preemption emption and timber culture laws , and the amendment of the homestead law , says : ' 'Under the pre-emption homestead and timber culture lawn , .IE 'hoy now Biand , a person may boconu the owner of 480 acres of public domain ICO acres under each. This is too large an amount of land for any person to ac quire in this manner. "The policy of the government should bo to furnish na many of its citizens with comfortable horaefl M Jong in , the ficient amount it will not be'many ! yearsjiintil nil the public domtin will bo taken' up. ' \ The pru-omption law wns passed in1841 ; , the liomestend law in 1802 , and the tim ber culture act in 1873. When thu - ! homestead act was enacted , the pro'-oinp- tion law should have been repealed. The timber culture law should never have boon passed. Wo have therefore pro vided for the repeal of the pro-empttin nnd timbot culture acts and an amend ment to the homestead law. " , HE THINKS IT'S OVER-1'UODUOTION. WASIIIMITON , May 1C. ( ienoral B. F. Butler to day addressed the senate co inn- ittue on education and labor , on thp gen eral features of the labor problem , lie asserted the present difficulties were duo to over-produotion. "Wo had , " ho siid , 'a yoar'a crop of grain on hand , and i were within three months of another crop ; nearly a year's crop of cotton ia now ; ( itortdin tlm warohoino. " After rtfiirr- ing to other commodities , wlncli were in mock in OXCCHS of current requirements , lie and : "Why , wo have twunly joiiru' supply of whisky on hand " ile was facetioualy reminded that this wns u del- icatu mibjuct , and he iidimtted tlmt , for one who was nuiposed | to bnu presidtntiiil candidate , it WHS necessary to bo cau- u tiuua. 10r ; AVAKIIINOl'ON NOT15S. . HEWirr's TARIKK IIILL. 19t. Henry W. Oliver , Jr , of I'Utuburg , t. who was n moinber of the tarill'coiiiiuiB' mon , has written a letter to Mr. Mor ; mon , chnirnun of the ways and means c iiniiiiUoi ) ciitlcising Jliiwitt's tiirill' bill a. I lo says it leana BO favorably toward t- Trenton , N. J , as far n llio metal ( j Kclfudiilo is concerned , it might bo termed \H a bill for the benefit of Cooper it Co. 18 HOUHE. itO The committee of the whole reported O tlm liver and harbor and consular and diplomats , and the army nppiopriatioii billn to the hoimo , but no fuithor action , was taken. Jlocws till eight p. m , thu seasion to be fur the pension billfl. Tlio M ir K'lo Miit-rliiKO. BI.RLIN , Blry U ! Ciraud Duke Louii of llenae Darmstadt , huu iiiformci Madame Ivoleminu of his intention t | iply for n divorce upon the ground 11m thu marriage in informal. Baron Di S'arck , premier of the grand Duchy ( / Iliwe , Jmi announced Jus intention in ro HI 'II , nnle * > 8 tliu Grand Duke keeps hi mariiagu contract. 7 IIH Vfi-ui lior To-Day , ON May 10 For the Up.ic . Valley Fair weather , fol lovvid by inciu'innii ! cloudiness ) and locu IHIHH ; Bouthurly winds , ntationary turn peruturo and lower barometer , For the Miusoiui Valley lucrerr.in ; oloiuliness , local rains , oouthcrly windfl lower barometer nnd utntionary tempoui turo. Mol HI K y AVohl. lie , May 1CTho socrctar ; lie of the truH ury today nut'iud n tell to gram from special agent 11 ubba , ( it Ko ; or NViut , uayin a mob interested in th he Cuban , inturrvclion have publicly an nouuccd ) their purpose of lining poiaum violence to the Spanish conoul. llubbs offered iho coiiRiil the protection of the ciiatom-houie , but' the offer was de clined. The secretary telegraphed Uubba to co-oporato with the naval au thorities at Key West in the protection of the property of the consul , A. U. II. Tno Nntlonnl CoiuontlnnntOlovolniut 1'arnell nnd tlio IICIIKIIO I3n- -A lloninu Oath * olio Deulanitlon. CLEVELAND , May 1C. The National Convention of the Ancient Order of Hibernians publinhn statement that the order is morally , numerically and finan cially progressing beyond the most ardent expectations Tlio convention Bonds ( Sod spned to the loyal , courageous and prudoiit leader of the Irish people , Charles Stewart Parnell , nnd pledges him earnest support ; heartily endorses the declaration of principle ) ) adopted by the Irish National lenguo of America , at Philadelphia ; declares it the duly of every Irishman in Una country to join 1'arnoH'a auxiliary in America , the Irish National LOHKUO of America , and "that the Ancient Urder of Hibernians of the Uuitid States , while peisjnally allowing the utmost fioedom ot nution to its mem- bora consistent with their duty to their God nml their country , hereby declare that this organizition is entirely and ab solutely Itoiimn Catholic in ita inception and tendencies , owing iln ppirilual ullo- gianct ) to the Church in which wo were born , and for the maintenance ot which our fathers bled and died ; and wo hereby declare that we are not affiliated with ur controlled by , directly or indirectly , any other society or onani/.ition ? of any kind , nature or description in this or any other country. " DKS MOINU9. Grccnlinok Delegates IloUl Jewelry t Ilcry. DES MOI.VKK , IOWA , May 1C. The state committee of the greenback party has named the following as delegates at largo for Iowa to the national greenback convention : General J. B. Weaver , W 1 B. Konworthy , E II. Gillette , and L 11. Wollur. No state convention win hold , nnd nil but Mr. Weaver nro mom born of tlio stnto central committed thai made the appointments. A very successful robbery took plaoi hero to-day nt Hooker's juwolry store 01 Court nviiuui ) . Hooker hnd gone out nnd hia wife wns m charge , when twi sneak-thieves entered and naked to lool nt goods in different pirts of the store - The lady bucnmo excited , and nakci them to leave the store , which they did nnd nftor they were gcno she discovoroc , tlmt n trny containing 15 gold watchci was gouo also. The wa'ches wors voluoi at $1,000. The lady was so excited alu , could give no description , and consequently quently there ia no el no. The eaiuo ston waa robbed last fall when in charge of boy. IIAVEIIIKY'8 THICKS. How Ho Made $5BOO Out of a Couiili BROOKLYN , May 10 This morning su. promo court in the action of W. A. Gall and Louis Spader , greeted an order ol arrest against J. II. ilavorly , who is to aa.il for Europe to-morrow. It is alleged that Ilaverly , while ii partnership with Ga'o and Spader , pur chaaod for the firm from Win. Birch hall an interest in the Comedy theater Ilavorly himself owned the other half. The price ostensibly wna $ (5.000. ( Tin plaintiff , noticing the transfer was tc Ilaverly nlono , and that theconsideratioi - wns only ono dollar sought an oxplan tion. > 1I iv.rley tad 'hit ' Birc.i uo , ld nothavi sold to outsiders at , a low figure and ; tln words , ' 'one dollar'1 were niHortcd in the bill of sale for thu purpose of preventing members of the theatiic.il profession knowing the terms of the bargain. The pluintifli claim to have discovered thul Ilavorloy p.-iid 0" > 00 initoid of 80,000 thin proliiinu unliiw fully $5,000. Thoatli ' davit by Birch corrob iratoH the ullcgatioii A lied nml n niillcl. CoiiUMiUA , May Ji ( Mnurioo Orn routed a farm recently , nc.ir Smith' Lai ding , from Wm Diteii , of Colombia This morning Ditch visited Gray m huiinpffl , ami lifter BOIIIO onnvormitioi Gray went out to look lifter hi * ntork rutiiriiiim nliortly nftor ho found his wifi nnd Ditch in bed tojjntlier. Ho iininii ' diatoly drew n piHtnl nnd nhot and klllo both. Gray nurrendorod to the nuthori ties. The Color Ijlim In MctliodUin. BALTIMOIIK , May 10 Tn the Africa Mothodixt Kpiicopnl geneial conforonr to-day u fraternal letter wns road frni the Mothodiat Episcopal Cluiroh , Mnu a reemed to consider the action ( the Method Ut Episcopal conference i greetings and not a delegate t an insult. An American IMost Honorcil , INDIANA I-OLIH , May Hi Kathr McEvoy , of thi * , city , Ji w iceoivrd notit from Uomo that ho hai been nppointo 1 Knlah | ! confessor for Rt I'oter'a. TJioi " is ii confoMor for almost every know a o at St. Potor's. All belong t thu order of St. I'Yancls. ' u j. The Ml Ml-try to Ilnrlhi. is P.EIU.IN , May 1C The TttfjclildK ti dny positively nvscrls that Hiohai Miioklo , of the Philailnlphia Lr.d jc > vill Hiiceel : Sargent na U S minister I Berlin. Mucklo , the piper sty ? , ii u Alaitinn by birth , but persona grata I Bismarck , Panic In a Now York Tlirolro. NEW YOIIK , May li ( , Tharo wna paniu to-niyht in Daly'u tlumtre owing I the mitrnnco of tunoko frotn a liurnii ohiinmiy > u1j < jining. Tlm nudieiicu od unhurt. BERLIN , May 1(1. ( The emperor Ii accepted the reti''imtion of Hisrimn from the prcfidoncy of the cabinet , r i appointed a sucocxgnr , Biuttichcr , tl al Prusetan iiiinistor of state , SCOURED BY THE SCAFFOLD. AConplconinrtorsFiM Whitened Sonls Thwngli the GUM , They Refuse Eoligious Counsel t'o the Very Lasti When Four Clergymen Aid Them to Shuffle Coils , Ono Firm and 0 ; eous The Other Limp an ihrymoso , The Fiendish M .for Whioh. They Had piato , How They Bruta ained Their Victim wi 'Axe ' , Fnllier nml Son Hun ) ; In Soutle Cnrolnm for Murdoiln u Mother nnd liulic. OOLIiAUS FOR A COUPbK AHHLAND , O. , May 15. Uorn nnd Gribbcrworo hanged to-duy nt 12 o'clock. The execution was witnessed by 10,000 or 12,000 people. The 8th regiment , num bering five hundred mon , guarded the jail slnco List night , against the mob which ramped outside the city limits , thrcatoniug to tear down the jail , but the prrsonco of the militia hcnily nrmod with ball cartridges provontcd nny out break. Doth mon passed n nleoploas night. Ilorr passed the night writing nnd Oribber READING HIS 1IIIILB. Oribber tonic lonvo of liia wife this morn ing and II or of liis sietor. The necks of both mon were broken. Her nroso nUhnlf past 4 this morning nnd called 0 ribbon at 7. Four clergymen called at 7 o'clock mid prayed. The piisoncro , previously refused religious counsel , but to-day were IIKI'KNTANT AND LACHRYMOSE. Gribbor had nn aflectionnta parting from his wife and babe lust night. The infant was ono.yoar old to-day. On the scaf fold Horn was courageous , and said : " I want to say to you , boys , I um aa inno cent of this crime as you fellows , but have got to sutler nnd die here to-day. " Gribbor was limp , nnd would hnvo fallen on the gallows had ho not been sup ported. Horn nnd Gribbor vroro aged respec tively 24 nnd 20. They were executed for TUB MURDER OF HARRY WILLIAMSON. on Mivtch 25th last year. . All three were employed in a sawmill at Polk , and the night before they went to West Sniem , i BOVOII miles distant , for their pay. They b - came intoxicated and quarreled. A feud hud existed some tin e between Horn and Williamson , L to ntjoiight they roturn- cd to Polk , Willintnsi U walking with his brpUierjn-Uw , 8am ] [ oAyoy , th others coins' byfreight train iHorn'nndvGribljwr , ' tn 5 throw ia IMMVV : . BtonofTcT ; cfrcdnyill ; aSrori * downed ' brained hirolwith'vicio blows with ail axe Gribbon was convicted as an accessory. I'ATHKR AND SON flUHl'ENDKD. GREENUILLE , S.O. , May 10. Alfred and James McOullough , father end son , : for the murder of Ephraim Saxon , nnd Itiloy Anderson , for the murder of Louie Grilhtli and her babe , nil three were- hanged on the BIIIIO Callows. The gov . ernor tliis morning refused to interfere. A HUUKER HWIMIH. MORRISON , Ilia , May It ! Christian Rubling was hanged hero thin afternoon in an cnclosuro in the presence of _ 150 people for the murder of Albert Luciu at Lyndon. Ilia neck was broken. HRUTAL MUIIDEU A'ND I.YNUHINO. LITTM : ROOK , May 10. The Gazotto's Proacott special , IBtli , says : Frank Ward , u peddler , on April ILHIi , dined nt Folk's honao twelve miles from Center Point. , Polk accompanied him to n creek , where , in dud by iv man } namol Kuvkcndall , ho ! murdered Wi.rd burning the body uud pulviirizinp ; the bonus. Yesterday tlm murderers wore nrroated and Kujkondell confessed. The two Polk brothers nnd Kuykcndo'il were ar- ) rt'Hted. One of the Polki confessed. The flu-riff prepared to tnko them to Arkiidolplii.i for Biifo keeping. * A party of Ward's friends wcro organ izing at Prcacutt for vengeance. When meBtngo wns received , the citizens of Unwind county stopped the sheriff noeco , < took the prisoners , und uncorcmomoualy hinged all throe. _ lA ) IMotliixllKt , lli.slmj ) for Africa. PHILADELPHIA , May li ( The oommitr in tco 011 episcopacy of tlio Methodist Eiia ; copal confc-runco htis agreed nluioatuiiani- in : inoiialy to recommend the nppoiutnieut of H ini Monnry Bishop for Africa. * i& & ( ML ltf ' i& y Uir E. .lioinser.aorb. i.iu. from nsch ( hem I us asH. liana Ilayn , Hos- tnu ; JI. Delufontnlue , iifCUicnROj aii'l ( iustavta Undo , MUwaiikfo. Ne\ersolillu Uullc. OiilloSl 1 < 8 Jul * " . , V
