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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (July 1, 1893)
FHE OMAHA ; DAILY BEE. ESTABLISHED JUNE 19 , ' 1871. OMAHA , SATURDAY MOANING , JULY 1 , 1893. SINGLE COPY FIVE GENTS. , ) MR. CLEVELAND ACTS Ho ( Jails an Extra Session of Congress to Meet on August 7. TEXT OF THE PROCLAMATION IN FULL . Causes Which Mr. Cleveland Says Move Him , to Prompt Action. FINANCIAL DISTRESS AND UNCERTAINTY Bomo Remedy Most Bo Found tbat Will Ee- liovo the Business Situation , SURE OF THE REPEAL OF THE SHERMAN ACT Why tlio President Changed the Time of CallltiK tlio Nntlonnl I.ORliilnturo To- cctlior Irnm .September to August Comments on IllH Action. \VASIIINOTOX , Juno 0. The president left hero at 4l : > 0 this afternoon over the Pennsyl vania road for Buzzara's Uay , Mass. Ho will bo absent from the capital three weeks or more , Ills stay depending upon circum stances. Secretary Lament accompanied the presi dent as far as Now York. The president's determination to leave the city was only reached this morning and his departure so suddenly leaves a number of important ap pointments agreed upon unsigned , and many fienators and congressmen who have re cently arrived , in the lurch. It is under stood that the president will transact only the most urgent public business while at Buzzard's Bay anil what ouleial announce ments are to bo made will bo given out at the executive mansion in Washington. rrorliiinatlon Convenlni ; Conjiregj. At C o'clock this evening the following proclamation was Issued : EXUCUTIVI : MANSION , WASIUNOTON , D. C. , Juno 80. Whereas , The distress and appre hension concerning liio financial situation which provudo all business circles have alreiuly caused great loss and datango to our . people , and threaten to crloplo our merchants , stop the wheels of manufacture , bring dis tress and privation to our fanners , and with hold from our worklngmeu the wage of labor ; nnd Whereas , The present perilous condition Is largely tlio result of u financial policy which the executive branch of the government finds embodied In unwise laws which- must bo exe cuted until repealed by congress ; Now , therefore , I , Grover Cleveland , presi dent of the United States , in performance of a constitutional duty , do by this proclamation , declare that an extraordinary occasion re quires the convening of both houses of the congress of the JJn.lted States at the caultol In this city of Washington on tlio 7th day of August next , at 12 o'clock , noon , to the end that the people may bo relieved through legis lation from present , and Impending danger and distress. All those entitled to act as members of the Fifty-third congress are required to take nollco of this proclamation and attend at the time and place above stated. Given under my hand and the seal of the United States at the city of Washington , on the 30th day of June , In the year of our Lord , one thousand eight hundred and ninety- three , and of the Independence ) of the United BtutcH , tlio ono hundred and seventeenth. Unovuit Oi.uruij.tNO. ( live : Way Under l'ro 8urci. The president had left directions for the Issuance of the proclamation before Ills de parture for Gray Gables. The dotormina- tioti to call the extra session the first week ( in August instead of tlio first week in Sep tember , It Is understood , was only definitely arranged at this morning's cabinet session , after giving full weight to the numerous tele grams received from all parts of the coun try urging tills course. A consideration which caused the president to change his mind was foreshadowed In the remark made by ono of his cabinet oHlccrs two days ago , that If the president received reasonable assurances that there was a likelihood of r prompt repeal of the so-called Sherman purchase - chase law , ho might bo disposed to cull con press together earlier than ho had an nounced. It is inferred from the fact that the president has done so that ho consider ! he has obtained the assurances ho desired Most of the bablnot members have fol lowed the president's example and loft tin city , or are leaving the city for brief vaca lions. Those who remain say the president' ; proclamation speaks for itself and decline ti discuss the situation further. lUSUOnblNtl Till ! SITUATION. Be mi torn unit CniiKroiHtnmt I'xpreis Tlium HOlvi-H on I levulliml'n .VetIon. WASIIISUTOS' , Juno 110. Thcro seems evorj reason to believe that all the speculations ate to tlio time of the meeting of congress in dulgcd in prior to 1 p. in. today wcro gucs work. Some of them , as it turns out now were very lucky guesses , and others wcr equally unfortunate. His almost conclusive ! , cjtablliihcd that the calling of an Angus session was not determined upon untl after midday today , and consequent ! , could not have been communicated to an person In conlldcnco or otherwise , days i advance. The plain facts appear to bo thu the disturbance of values arising from th uncertainties of the situation grew so alum : ing'that Mr. Cleveland at hist was compollc to acknowledge that "tho unexpected cot : tingcnclcs ncccsisitatlng an earlier inecttii o ( congress , " which ho spoke of in his cole hratcd Interview of June ! > , had arrived The action of tlio British government ii India brought matters to a crisis , Provlou to that startling event , Mr. Cleveland hai manifested a firm determination to adher to his plan of calling congress together i September. \V tclieil thn Cour o at Krcnti. After the suspension of hllvcr coinage i India the president resolutely declined t apeak further about his Intentions until h iliould bo prepared to act , and each of hi cabinet officers maintained similar ailoncf , It way bo stated , however , without vlolatlo 1C of confidence , that from the day when 111 { ; * L announcement of the action of India wo LS made , the president took stops to keep lilu Li eelf forewarned through the pre s dli \ patches of the Blightcst approach to a panl I in the money market aud prepared at an > moment to take the course which bo ha taow adopted. Whcu t&iy Uo found telegrams ou h ! V table , not only from the eastern nntl middle states , but nlso from tlio south t.nd even some of the silver states urging that con- proas bo called together at the earliest pos sible date to end the uncertainty , be de termined to delay no lontror , but oven In tak ing this action the president took steps as lar as bo could to prevent Its being known bcforu the Stock exchange closed , so as to avoid any appearance of exercising undue in- flucnco on the stocK market. rteimtor Vonrltcoi Talk * . The effect of the announcement upon senators and representatives In the city was very marked. Senator N'oarhces , chair man of the finance committee , ilrst know of thu president's act when informed by an As sociated press reporter. Ho was not sur prised. "That , being the case , " said the senator , ' 'It will not bo long until we arc again at work. Inasmuch as congress has to deal with this subject of finance It Is well that wo get about It , and the sooner the bet ter. I do not know It congress can , or will bring relief to the country , but it has simply to make the effort and there Is no wisdom In ilcl'iy. The condition of the country , cer tainly , to my mind , deserves prompt and de cisive action , especially in view of the fact that everybody seems to bo depending upon congress for a solution of our financial troubles. 1 think the president has noted wisely and I have no doubt that as soon as congress gels to work , It will repeal the Sherman act. "I voted against the bill when it came up on un aye and nay vote when it passed , and told the stiver men who supported It that it was not the legislation they needed for silver , an 1 that they would 11 vo to regret the day they supported it. That day has come. 1 shall vote for Its repeal. It must not be understood , however , that I abate a single jot or tlttlo of my adherence to the coinage and tlio us.o of silver as money , under proper regulations , for Its parity with gold. " I-uvira Kepual. Senator Harris , president pro tern of the senate , could not be seen personally , but from one to whom ho had spoken relative to the calling of an extra session , it is learned that ho expressed the belief that the sooner It was douo the bolter it would be lor the whole country. Keprcsentatlvo Doekcry of Missouri de clined to discuss the probable action of con gress when it comes to deal with the money question. "I can express no view on the question , " said Mr. Dockcry , "for the reason I have not talked with enough mem bers to know whether the Sherman law can bo repealed or not. Unless I knew what a canvass would show It would bo foolish for mo to make a prediction. So far as the ac tion of the president is concerned I think It is eminently wise under the circumstances. " "It is a good thing , " said Mr. Bynum of Indiana , "and 1 believe it will result in the repeal of the Sher man law , at the door of which much , if not all , of the present financial trouble can be laid. The earlier congress repeals the Sherman act the better it will bo for all. 1 believe It can bo repealed and fall to see any great difllculty in wiping from the statute books a law which everybody condemns - domns and nobody favors. Indiana is for re peal. " llul Keen Kxnonglvo t : > tlio Country. ' I voted against the Sherman act before and will vote for its repeal now , " said Mr. Brown of Indiana. "Mr. Sherman's law has been terribly expensive to the country at large. The Sherman act , it is claimed , was passed to prevent the enactment of a free coinage bill. It would bo nearer the truth to say that it was passed to keep Mr. Hani- sea from vetoing a free coinage bill and ap pearing before the country as an opponent of silver. " ' m The president's proclamation , its effect and the probable result lu the action of the coining congress , wore the leading topics of conversation in the hotel lobbies tonight , whore politicians arc accustomed to gather. There was a uotablo increase in the mem bers of the next house , the report navlng drawn them to news centers , where they discussed the situation from every point of view. Thu action of the president , it is ap parent , meets with the commendation and approval of most of the members and politi cians now in the city , and the opinion is almost general that the Sherman act will bo repealed. This proposition is not refuted , probably for the reason that free silver men who will conduct the light ag.iinst repeal have very few members now in the city. The free silver men , however , will oppose any attempt to repeal the Sherman law with all their strength. The fact that the mines in the west have been closed will bo used as a weapon to force any wavering mouibor in their ranks back into the fold. LOCAL SIXTI.UI-NT. Views of Several Oniulin Ilunkrra on the Kxtni Cnnii-es IniKil HOHHOII. | President J. II. Millard of the Omaha National bank was seen last evening at his residence on Harney street and Interviewed on the probable effect that an extra session of congress would have ou the monetary situation. "You have heard , Mr. Millard , of the news that an extra session of congress has been decided upon for August 7 , presumably for the purKso | of repealing the Sherman act ? " asked THE BKE reporter. Mr. Millard looked pleased. "No , I had not , but 1 am Indeed glad to learn of It. I think It will have an immediate effect for the batter on the interests of the country. The la to distress has been inoro of the mind than of the pocket , and this news will have a tendency to restore confidence among in vestors and business men generally , inas much as It is the popular belief that the re peal of the Sliorman law means better times for the country. "It is generally understood that the law will be repealed , and that the extra session is for that purpose. I don't think the silver people will llnd themselves Ecriounly dam aged when matters become settled , as they soon will bo. "Yes , I think the worst of the financial troubles la over things couldn't have been much worse , you know and relief seems to bo rltfht nt band. lanismo that bankers and the publio generally will unite in an ex pression of satisfaction at the actiou taken by the administration , " llonry W. YntPK' Kcntlinuntx. President II. W. Yates of the Nebraska National bank was found yesterday engaged In tj ing up grape vines and looking as thouirli ho had never a thought of the silver ques tion or life financial crisis. "I am glad to hoar It , very glad to hear it , " ho exclaimed upon being Informed of the action taken by the president and cabinet , " 1 had hoped for this , and only last Satur day I wrote to Secretary Morton , us did other banki'rs hero , pointing out the neces sity for something of the kind , and while , of course , wo do not pretend to any credit foi tlio action taiten , wo may bo allowed tc flatter ourselves that our suggestions did not fail of consideration. I think th.it peed t results will manifest themselves almost im mediately , all over the country , as u result ol tUb move. "Of course the repeal of the silver law Is the primary object for convening congress in extra session , but I hope and bellovo there will bo further legislation for the benefit ol the sliver men 1 am a bimetallism myself " 1 don't think small Investors and deposi tors had much to dp with bringing about tin stringency in the money market. It was duo to the action of European and eastorr investors , wio ) , frightened by the policy ol the government in depreciating the vuluo o silver and anticipating silver payments withdrew all their investments , wlicrevoi IHissiblo. I do not bollovo the distrust ha : been general. Thn repeal of the cxlstln ) act and some action for the relief of tin silver men u all that is needed to rcstor contldenco "ttnd put now llfo into the bus iuess world , and the news Just received wil turn the tide toward the short ) . "No , the silver men won't bo hurt by th repeal. Tlioy are hurt all they can be already. I look for un immediate chaog for the butter. " TALKUD Till : MAT ITU O VII It. OoDEranman O'Ncll Artvliei the Vrcitdou on the Financial Situation. WASHINGTON , June BO. Represcnt-itiv O'KcIl of Massachutctti wai one of th ICOISTIXCEU ox eccoso PAOS.J NEW YORK MONEY MARKET Owing to the Action of the Clearing House the Situation is Much Easier. ITS PROMPT ACTION IS HIGHLY PRAISED 1'romlncnt I'lnnnstrrs of the Opinion that the AVtiMt U Aliniit Over Money WHS iinlly : Obtained Vestentnv-I.onu OrlHU-iite * Fruuly Tukun. Nr.w YonK , Juno 30. The money market today was the center of attraction in finan cial circles , rather than the stock market , as a result of united action of the banks rep resented In the clearing house committee. The situation was reported to bo much easier in consequence of the prompt steps taken by these banks toavcrt a money panic , nnd on every hand nothing but pralso was heard for the action of tlio presidents of these banks. This morning a well known financier , him self a director of more than ono largo na tional bank , speaking of tlio action of these banks , to n reporter , said : "The action of Messrs. Simmons , Tappcn , Cannon , Baker and Nash yesterday in taking out clearing house certificates for their respective batucs is highly commendable. These gentlemen will probablv bo criticised by some people for 'catcrl ng1 to Wall street , but in times like the present it Is of the utmost Inipor tancc that the slock market ana money mar ket should be kept in a normal condition. For , notwithstanding the cry against 'the street' it is the life blooa of the whole coun try and if it is damned up or the stock ex change is closed , as was the case in ITOl , it brings untold disaster upon the country. The free movement of stocks enables the banks to resort to their call loans and own ers of securities are afforded n quick market , which , in these times , is very desirable. " John A. Stewart , president of the United States Trust company , said : "I think money next week will bo comparatively easy. " T.imned Money I-'rocly. The banks which took out certificates freely lent the money thus made available without decreasing the cash in their vaults , as was shown by their debtor balances at the clearing house this morning , which , of course , wcro paid in loan certificates which had to be taKcn by the banks having credit balances. These debtor balances vtcre as follows : Gallatin National banK , WJT.OOO ; Fourth National bank , SSO',1,000 ; First Na tional bank , Jl,5'JO,000 ; Chase National bank , ? T.GtX ; ( > 0 ; Corn Exchange bank , $ . ' 78,000. The two banks , the presidents of which are members of the clearing house-loan committee , but who did not Join with their conferees in taking out any loan certificates , are the Importers and Traders National bink : and the Chemical National bank. G. G. \ \ illiams , president of the last named bank , said this morning , in explanation for not dulng so , that the Chemical bank was not so closely connected with Wall street as the banks which have taken out certificates , al though it lent money In Wall street and had perhaps done as much as some other banks to relieve the monetary stringency. "In fact , " said Mr. Williams , "our loans at pres ent are $123,000,000 , which is more , I think , than the loans of any other-bank , and Is enough to have out. Wo have 87,000,000 in cash and really do not need any certificates. I heartily approved , however , of the action of these batiks which took out certificates yesterday and voted in favor of it. The re sult was undoubtedly very beneficial. " ' I.oiin Ccrtlliiite8 ! Is-tnoil. The banks took out ? f,47r > ,000 of loan cer tificates today , the balance of the 60,000,000 authorized yesterday , and in addition to that the Clearing House committee author ized Slr > 00.000 more at its meeting today , which will probably be taken this afternoon , making the total amount Issued to date Jl''JSO.OOO. The rate for call money this afternoon prior to i ! o'clock was 33 per cent. Many .loans , however , were renewed until next Wednesday at rates varying from 20 to 25 per cent. Ono of the banks which took out loan ccrtilicaies today bought some "first-class paper at from 10 percent for bills receivable to 15 per cent for single name paper , according to time and char acter. It was said that there was not much commercial paper offering , anu it was argued from the fact that merchants wcro in fairly good shape. Bank officers reported th\t the demands of the country were much lighter in amount , but the applications wcro very generally dis tributed. It was noticed that only very short time paper was being received and that was believed to indicate that the strain was about to end , No extraordinary shipments of currency to the country wcro reported this'aftcrnoon by tlio banks , and at the subtrcasury It was said thcro had been no telegraphic transfers of money to the country. About 200,000 in notes of small denominations had been ex changed for gold , of which only $ . " > 0,000 were for the country. InureiiHo of Continence. The feeling of confidence hero was in creased by the quotations from London , where all American securities were higher. Despite this Indication of confidence across the water in tills country's securities Great Britain Hcemcd determined to hold on to her gold. Efforts of local firms to secure any quantity of It have so far been unsuccessful. The result of attempts of Kulin , Loob & Co. In this direction are typical of the .situation. Thcro was a report that the firm had in tended taking &t,000uoo of loan certificates and investing the amount in British bullion for transfer to America. In part tlio report is correct , but onlv to the extent of the en deavor of the liouso to got gold abroad. Mr. Jacobs' Schlotf of tlio linn explained it in tills wayVo : do want to got gold from the London market , but wo have been trying to buy on our own account. Wo have not at tempted to gut any of the ' loan certificates. But for some time past 'wo have tried to purchase gold in London. Of course , wo do not go direct to the Bank of England , but to our customers. Wo cannot get American bar gold , as it is not to bo hud in the market to any extent Jint at present , at least. Wo can get English sovereigns , but do not earn to take the gold In that form , owing to the exchange. It is quite true that wo so far have been unable to buy over there what gold wo w .nt. " of Clovolund' * I'roelanmtlon , fI' President Cleveland's action in calling an extra session of congress for August ? , next , thirty days ahead of the tltno generally expected , was a decided surprise lu financial circles. At Ilrst the report was not credited for tho.rcasoi ) that over since the crisis in silver and tno money market thcro have been almost hourly rumors about an extra session. The reports have been denied time and time again , and Wall street became so set in its opinion , that oven when it WHS definitely announced late In the day that the call had been issued , the correctness of the ndvlco was questioned. When , finally , bankers and stock operators were convinced , thcro was u decided fooling of relict , and the concensus of opinion was that the tendency of financial anu commercial affairs would henceforth bo lu the direction of Improve ment , p A special meeting of the Chamber of Com merce' has been called fur 1 o'clock next Tnursday to demand the repeal of the Sher man silver purchase law. A Washington special'to a ria'ws agency hero say * ; Senator Voorhccs , chairman of the senate finance committee- , saw the presi dent yesterday and in discussing the silver situation later said : "I am in favor of the immediate repeal of the purchase clause ol the Sliorman act. I do 1101 say anything nl > out conditions being attached to the re peal. The matter of conditions is something to be taken up afterwards. I have 1101 abandoned my belief in the use of silver as money. I never was in favor of the bullion purchase clause of the Sherman act. 1 con Aider it fraudulent and deceptive legislation , which simply reduces silver to a coiamoditj and issues sliia plasters ou It. Wo might us well buy and store up cordwood. That clause should bo rei > oalc\lat.oneo. " ( Irnrrnl llnrrlann ; Interviewed. Ex-1'rosldcnt Harrisonrwncn seen nt the Fifth Avt-nuo hotel tonlRhteand asked as to Ills opinion on President Cleveland's call for nn extra session of ccngros , was very loth to talk at all on anything connected with silver. In response , however , to a question ns to whether ho thought Mr. Cleveland's ' action wise , ho said , Hint presuming the latest dispatches contained correct Informa tion , it was about the only thing Mr. Cleveland - land could consistently do. "If ho thinks , " -said tlio cx-prcsldcnt , "that thu country Is in a state of strangula tion , and that ho has a remedy , why the sooner ho applies it , the wiser ho will show himself. If lie thinks that ho can glvo the necessary relief , he had better lose no time. The cry is that there Is not enough money , I think that thcro Is plenty of money , but that the people are holding on to what they have got and hardlng it. "I am not prepared to say whether I think an August session of congress will restore confidence , which Is safd to bo demoralized. There may bo serious obstruction. 1 cnnnot tell what may bentho extent of .Mr. Clove- land's knowledge on the subject , but 1 know that they would not have repealed the Sher man law for. me. Itehpoiullilo for tlio Slicrmnn Act. "I think that perhaps altogether too much complaint and stringency has been loaded on the Sherman law. Thcro are a great many other causes which have contributed to the present state of affairs. In the first place , that law was p.ibsed by a majority of sena tors and representatives , of whom many wcro outspoken advocates of tlm free coinage - ago of silver , and many thought that its effect would bo to place sliver ntSl.iiUau ounce. The democrats were entirely re sponsible for that. "If Mr. Cleveland thinks ho has the rein- dy for coin and that ho Is able to apply It , , 'hy did lie not do so before ? Why didn't o call an extra session of congress last Vpril ? 'If you find a man hanging , with n rope trangllng him , and cut it with a knife , that s all right. But if you wait until the next ay and then use your knife , you arc open o serious criticism. That is all I care to say n the subject. " IllmctiiltlBtH In Consultation. General A. J. Warner , president of the Bi- lotnlllu league , came up from Washington bis afternoon and held a conference with Senator J. P. Jones of Nevada , who is stop- Ing at thu Grand hotel , on the monetary utlook. The announcement that congress will hold n extra session August 7 makes it nee- ssary for the blmetalllsts to como to- ether , and after n long discussion on lie subject it was decided to call convention of the Bimetallic league , to be eld some time prior to ( the date fixed for ho extra session of congress. It will proba- ) ly bo about the middlc'of July. No place or the convention has as yet been agreed ipon , but both Chicago ' and St. Louis are mentioned , and General Wnrncr said tonight hat he favoreu the latter. After the conference ) a reporter saw both eneral Warner and Squalor Jones. General Varncr was asked to express himself on the ircscnt condition of the Silver question nnd aid : "Wo have now arrived at the nest critical period of the century , n fact , I consider tlm urosent move- nent with regard to silver the most mportant economic revolution In all history , t is a life and death struggle , not only for iiitXtiiTilira but for mptaliic money. If limctallismgoes , mouoiueU\Hism _ will also go an4 ttuTTiritiV'Iplo of the- auto matic regulation ot niqucy , that Is to say , its regulation thrpugh , . the production of the mines , will comp to an end. 3imotalllss favor the retention of botli gold nnd sllverat n parity , but aU what ratio can bo determined only after b'lth are 'admitted to nonutary use on equal 'erins. If , after that KIS been dqne , the United States cannot' naintain the parity of 1C to 1 the ratio can Jo changed , as it lias before. " Wlmt Scimtor Jones Says. iVt this point Senator Jones added : "If .ho gold produce and the iucomo and credi tor classes conspire in their interests to icstroy automatic system by the demonetiza tion of ono of the metals , and the only ono of the metals that promises a supply sulllclcnt to maintain equity of contracts and stability of prices , and to irovcnt a destructive rise in the value of the anil of money , it need not bo a matter of sur- > nso if the producing glasses and the debtors n turn should unite to serve the other metal .n . tlio same way. " General Warner lelt tonight for Washing ton , bat Senator Jones will remain lu the cast some time longer.- . MAY HUN 'A. MONTH. Oimiha Smelter Will Xot Close Down Ilo- forc AKKiitt Next. It will bo several weeks before the furnace fires in the crcatOmaha and GrantSmeltiiig works , the greatest of the kind in the world , are permitted to go put even if the silver market continues at its present low ebb and the owners of the smelting works decide to close down. "Tho present indications are that wo shall have to follow nearly aU other institutions of the kind in the country and eventually shut down"said Mr. Nash yesterday"but wo cannot very well quit for at least a month yet. It will take about that longth-of lime to get thoroughly cleaned UP. Some of the smelters in Denver are already discharging a few men , 1 see. They let out atiout 100 yesterday. They arc probably In shape to shut down quicker than wo are and they are going right at It. " "Havo you discovered anything m the situ ation that gives you hope for a favorable change in the financial world that will make it possible to continue tlio manufac ture of silver ? " "I cannot say that I havo. J'ho fact of the business is wo are In the midst of a sort of whirlwind and none of'.us know much about the actual conditions or what the country is coining to. I sco that silver has dropped an other penny in London this morning. That- brings it down to 00 cents nn ounce in Now \ork. There is ono thing sure , the govern ment will have to bcglnlbuying now in a few days and that may liuvn a tendency to stimulate - ulato thu Miarkot a little. The govern ment will have to buy the amount stipulated in the Sherman bill , which is-I.WO.OOOounccs pcrmonth , rturlmr the next three months at 'least ' , for congress is not likely to meet until September and the litw proscribes that this amount must bo purchased every month. But what the ultimate f effect of all thcso things will bo It is iiiK ) | > ssiblo to say , Wo shall have to wait and ao , I sunposo. " The Omaha and * Grant Smelting works employs In this city over 800 .nen and runs night aild day. _ _ _ nisi ) CLOUD IIAJJK SUSIMMH. I'urincra and Merchant' Closed to I'rotoct All IntyeM | . Hen Ci.oi'i ) , Juno ; M ) , { Special Telegram to TUB Bni" , ] For some'Jays ( past there has been a gradual withdrawal of funds from the Farmers and Merchants bank of this plaio : , This morning the 'following notice was posted on the door-of tlio bank : Hun CI.OUD , Nob. , Jimo 30. At n muotlngol thu board of directors , of this bank hold at B:3 : ( ) a. m. , Juno 30 , the following resolution wat > adopted ; "Iti-.solvod , That In vlowof the condition ol the bank wu dcoia it unwUn to do fiuthui business until alter coiihultation with the bank uxamlnur , and tjiu cuslilor is liurebj directed to rfimost thu examiner to conn without delay. " In accordance tilth the above resolution UK doors of UiU haifk will t > u closed unlll furthui notice , W. H.tiAnmnt , Cushlor. Particulars arp not obtainable at this time but the deposits' are largo , The collateral 1 ; considered good. Depositors will gut theli inouoy. Various pin us looking to the reopening opening of the bank without throwing it intc tlio hands of a receiver are talked of , bui nothing dcfinlto can bo said ubout thi'so ai yet. Keith County Hunk Cloned. OUAI.UALA. Juno ! JO. [ Special Telegram U TUB HUB. ] Tlio Keith County bank closoi its doors at noon todayand _ U in tlio haudi [ COKTIXICU ( J.'i SKCONl ) 1'iUE , ) 4 WHEN THE VICTORIA SANK Survivors Reach Malta and Tell the Story of the Dreadful Wreck. CAME THROUGH TRYON'S ' OWN MISTAKE Ho Ordered nn Involution tar Which IIo llnd No Itooni Hr.ivcry of tlio Men in tlm 1'aeci of Cor- t.iln Doith. tfo > tirluMal IKX ! liy James Oonlon MALTA , Juno 110. [ New York Herald Cable -Special to TUB Bnc.1 The grand harbor was thronged with boats containing rela- tl s and friends of the Victoria's crew and the bastions were black with spectators when , at 10:15 : today , the Phactonand Edgar arrived fromTrlpoll , bringing the survivors of the nwful wreck. Thcro was no cheering for the survivors , because sorrow for the lost was the dominant feeling. The silence was impressive as the ships passed un to their moorings , The rescued blue Jackets wcro soon surrounded by crowds as the survivors were transferred to the Orion , which had been prepared for their tempo rary reception. A friend on the Camperdown sands me the following as the cause and result of the col lision between the Victoria and Camper- down : Admiral Tryon made a signal for the second end division to alter its coursoslxtcen points , intending that the divisions should turn round toward each other , but there was not room to accomplish the movement , for the squadron was proceeding in two lines 1,200 feet apart and each ship requires more than COO feet to turn In. The ilrst line was the Camperdown , the Edgar and the Phaeton. The second line was the Victoria , the Nile and the Dreadnaught. Only On Quest Ion , Tryon's signal to the second division to alter its course sixteen points having been obeyed , it was , owing to the absence of suf ficient room for the evolution , simply a ques tion of which would rain the other. The Victoria was struck Just before the turret , the penetration being more than six feet. The Camperdown loft her figurehead on thoVietoria's mess deck. The Victoria heeled over to starboard instantly , and appeared to bo settling rapidly , but Admiral Tryon signalled the other ships not to send boats , doubtless believing there was no necessity , but thirteen minutes afterward the Victoria turned bottom up and went down head fore most , with her screws going round and her machinery working. Some of the survivors wcro actually on the bottom for a stiort time. Fleet Paymaster Hichard was picked up alive , but injured fatally coming up from the sinking ship. The sight was awful , but no lives wcro lost that could possibly Co saved. All the ships' boats were engaged in the rescue. The Camperdown reached Tripoli after the wreck , llvo feet down at the bows. Ilo Mistook tlio Distance. The squadron was making .fpr anchorages when Tryon signalled to change lines. Camperdown , not answering promptly , because she saw thcro was not sufficient rpo.in , the flagship asked , "What are you doing' " Then the Camperdown , it is stated , Commander Smith , remarked to Tryon , "Thcro is not room enough , " but Tryon kept on. Tryon was on the bridge , directing after the collision. Ho did not despair of saving the Victoria until she actually turned over. Surviving ofllrcrs of the Victoria have not heard of the reported incident of Tryon's re fusing a life preserver offered him by a sailor until they arrived at Malta , and doubt Its authenticity. I have Just had a long interview with a surviving olllcer. Ho states the discipline was absolutely perfect throughout , not a man or a midshipman wavering for an in stant. Two prisoners were unlocked from the cells and one was saved. Nineteen were in tlio sick bay and they wcro all got on deck by Dr. Ellis and nis assistants. One was a midshipman down with fover. Ho was brought up in a chair by Dr. Ellis , but was drowned. Many more could have been saved if more boats had been on the spot , but the admiral signaled that uoats wcro not needed. Ilpyorul Iliiiuiin Criticism , The opinion prevails that the person chiefly responsible the disaster lies at the bottom of the sea under the Vic toria. Captain Bourke feels the disaster keenly , and Is much depressed. All the sur viving olllccr.s of the Victoria look careworn and badly shaken. I liava Just scon Lord Gilford. Ho is deathly palo and on crutehes. Commander Jolllcoo , who was sick with fever but was saved , is convalescing. Ono midshipman who perished was an only son and the last of his line. Dr. Ellin was carried dowa with the ship , but caino up with the escaping air. The men tried to help ono another while In the water. Everybody , without exception , showed calmness. Chaplain Morris encour aged the men with his latest breath , A hero perished in Morris. Admiral Seymour's appointment to this command gives general satisfaction. UNI > OF AN RM > LOIliit. : A'ounc Dulio nf Vr. Hi-ported to Havu Iout IIU I.Ifn In Africa , ICopvrt'jMcil 1333 liu Jain',3 Ciiinlon Dennett. ] P.utis , Juno iiO , [ Now York Herald Cable Special to TUB HUB. ] The death is reported of the young duo d'U/es. It oc curred on Juno 20 in Africa , in which country ho was making an exploring expedition through the basin of the Congo. < lo was the eldest son of the duchcsso d'Uzcs , who was so prominent during the Boulangcr excite ment. The name ho bore is one of the greatest In the annals of the French nobility. His title passes to his brother , the second son of the dudiesso d'Uzcs , who has hereto fore been known as the eointu do Crusaol.i JACQUBS ST , Ctuc. NO OCCASION I'Olt 1'KIOIIT. Advleos from I'uri * to the IJIUiot that Chol era u Not l'ildoiiilo | in Franco. tCoj/cfiirJ | ; ? ( 1833 li\i \ Jarnen Qunl-in IlcniKtt ] PAHIS , Juno 00. ( Now Vork Herald Cable Special to Tim BBC. ] Thcro is not the slightest cause fpr alarm about tlio reports of a slight oholoraio epidemic in southern and southwestern Franco , as the result of telegraphic inquiries to Herald correspond ents at Bordeaux , Cetto and Toulon show thcro are , in truth , a few cases at Toulon and Hycres-Alals , but they are conlluod to these who by their habits of Ufa and sur roundings seem to court the disease , which shows no indication whatever of upreadlng or becoming epidemic. Bordeaux is entirely free from cholera , which lias been unknown there since 16S4 , and her sanitary condition is iood aud her death rate comparatively low English papers seem Inclined to work up a cholera scdrdlu Franco now tqat the tourist \ VI \ s j \i commences , but thcro are no facts to I > BJ Viy alarming reports on , and the chol * cr ? nre is i this year destined to become a cotij V failure. " " > \rotn the A fleeted IMilrlrtn. Hot y.JunoIW. . ( New York Herald Cnbleyt Vial to Tim BuE.l There has been iJy Mora in this district since 1SS4. The satv condition Is good and the death rate is c rativcly low. Ton.ox , , funo SO. [ New Yoru Herald Cable Special to THE Br.n. ] Thcro Is no epidemic of cholera here , only Isolated cases. Cnrrn. Jimo.TO. [ Now York Herald Cable Special to Tun BKK. ] The sanitary con ditions are satisfactory. During the last eleven days thcro have been only ten deaths from choleralc-diarrhtca. xisTs IAIN A VICTOUY. CiiMlllilstiis iliontocl Incontinently Nrnr ITriigtiiiynnn Sntittt Amrrlrun Nolr . [ Oipl/rfohfnl JSfVI liuJamrt ( .onion Hnuirfl.1 VAU-AUAISO , Chill ( via Galvcston , Tex. ) , Juno ! iO. [ By Mexican Cable to the Now York Herald Special to Tun Hun. ] The Herald correspondent In lllvera reports that Cicnoral Saralva has gained an important victory for the cause of the revolutionists in Uio Grande do Sul , Brazil. A largo body of Castllhlstas , under the command of Gen eral Napa was intrenched in Uruguay- ana. General Saralva marched against the Castllhlstas and the battle was fought near Uruguayana. The lighting lasted several hours , during which many were killed , the Castllhlstas being forced to retire. There has been a great deal of lighting during the last few days at various places In the south ern part of liio Grande do Sul. The engage ments have generally resulted favorable for the insurgents. I'cini Muy Henl n. A dispatch from the Herald's correspond ent nt Buenos Ayrcs , says a cabinet meeting was held today , but President Saenz Pena was not present. Humors that he intends to resign are being circulated. 'Minister of the Interior llano has or dered an election of a senator for the capital district , without providing for complying with the law requiring the scrutiny of the ballots. .Several newspapers refer to this action as resembling a dictator ship. Ofllcers of the national guard are holding secret meetings to discuss the situa tion , which is generally acknowledged to bo serious. Mttrtlcrcil Their Prisoners. The Herald's correspondent in Mclo tele graphs that General Viola's command has defeated the Castilhista troops. In revenge the Castllhlstas cut the throats of the re- voltcrs whom they captured , although they had promised them amnesty. The Herald's correspondent In Klo Janeiro telegraphs that Admiral \Vahlclkok pro poses to return from liio ( frantic do Sul soon. Ho will expose to the senate the cruelties committed In that state by Gov ernor Castilho. From Montevideo the Herald's corre spondent telegraphs that large bodies of Brazilian revolutionists are pouring over the frontier of Uruguay so ns to re-enter Brazil. The Uruguayan frontier puard has been ordered to maintain n strict neutrality. Senor Ellauri positively refuses to bo a can didate. President Ilcqci'a has condemned the press for opposing the candidacy of Banza. ' Biiutli American NotCH. The Italian bark Bonanza was wrecked off the coast of Brazil. All the officers and crew were saved. The Herald's correspond ent in Buenos Ayres wires that extensive frauds have been discovered in the manage mcnt of ttio Banco Hippolecanl. The vice president of the bank has been arrested. From La Paz , Bolivia , the Herald's corre spondent wires that an official expedition lias left the capital to found a new city in the Bcni district. A regiment of infantry has been sent to protect the now city. HcorKaiilzlni ; Ntciriicu.\'ti Government * PAXAMA , Colombia ( via Galveston. Tex. ) , June 30. | By Mexican Cable to the New York Herald Special to TUB Ben. ] It Is reported to bo the intention of the now Nh-araguan government not to appoint n minister to Washington to succeed Dr. Guzman. It is proposed ns a measure of economy to abolish nearly all the legations abroad , including that in the United States. Government employes in all branches of service , from undcr-sccrctarles of state down to brake-men on the national railway lines , are being changed. Dr. Medina having declined the appoint ment us minister to Franco and England , Baron Armeda , present charco d'affaires in Paris , has been appointed NIcaraguan min ister to Europe. News from San Salvador announces that Gome/ Cordoba , a Colombian journalist who has been expelled from Guatemala , died on the steamer Don Juan Just before reaching that port. Ho was attacked with hemor rhage. Jose Marti , a Cuban revolutionist , will go to Costa Klca. rieroln ( iutlierliiK III * Army. A dispatch to the Star and Herald from Arcqulpa , Peru , says that General Piorola has landed at Chola. He is actively organ izing a following in Camana , wliero ho was born , and other Koutliorn provinces of Peru. It is evidently General Picrola's puruoso to begin a revolution before congress mcots on July 1.1 to elect a president. Friuiro Can't < iet ( iorman Foddur , BEUI.IS' , Juno HO. The federal council has prohibited the export of fodder with the object of preventing the execution of largo orders for hay from Franco , because fodder is very scared on account of the drouth. I'HOVOSUlt 'JO I'Ulill Till ! //.Vi" . I'lai ) for nil Or : > nlz.ttlm to flnlld the North nnd South Hiillroml , LINCOLN , Neb. , June 30. [ Special J'olo- grnm toTiiE Bun. ] The executive commit tee of the proposed north and south railroad mot this morning and adopted u resolution that committees of each stale organise nt once , take hold of the enterprise in their re spective states ami push it for all there is in it. The Nebraska state committee chose Senator Stewart , chairman ; U. U. MoNlsh , secretary , Max Meyer , treasurer. v. F. U'ajtmr Ai Ho U Mudu Caitoillnu of tlio MoCiicuo bav in B Dank , IJIXCOI.N , Juno CO. [ Special Telegram to TUB BISK. ] C. Fr McGrenr was tonight ap pointed custodian of the McCaguo Saving * bank. Ho is to remain in charge till tlio officers and directors have an oppor tunity to reorganize and resume business. Mr , McGrow hue boon la charge as examiner oinco the closing of the bank. The o Ilia era of the bank oxprcis thoinsclvea as entirely satisfied with the decision , Itullroatt Knot-Ivor Appointed , TOLEIJO , Juno 80. [ Special Telegram to TUB ttpz. ] This afternoon upon application of O. and J. Mort of Toledo Judge Hlchlo of Lima appointed Andrew Brown of FindUy receiver for the Findltt.V , Fort Wayne & WesHsrn railway. Theu1 lutyrestp reprc- DISPOSITION OF MOSI1ER Washington Authorities Loiivo the Mattel Wholly with Judge Dtncly. WILL PROBABLY BE SENT TO LINCOLN Why Certain Pnrtlci UoMro to Have th * llank Wrecker Kept Within the No- brinkn lenltnntlnrylll Sara Coiulilorulilo Kxpciuo. WASHINGTON' Btwr.AU OP TUB 613 Foi'itTKt. uit SrncnT , WASUINOTON. Juno 30. Attorney Harvey of Lincoln , who ha * been hero sovar.U days endeavoring to in duce the attorney general to consent to the imprisonment of Bank Wrecker Moshor at Lincoln , instead of confining him In the pen itentiary at Sioux Falls , had an Interview with Mr. Olncy today. The attorney gen eral has modi lied his position somewhat in this matter , and this afternoon Informed Mr. Harvey that ho would bo willing to leave the entire matter to Judge Lhmdy. "If Judge Dundy , " said the attorney gen eral , "deemed It advisable ; to hold Mr. Moshcr at Lincoln Instead of sending him to Sioux Fall ? , I will interpose no objection. " Thn object of imprisoning Moshcr at Lin coln instead of sending him Ui Sioux Falls , as stated here , is that a number of cases growini ; out of the bank failure and In which Mosher will bo called us u witness , are soon to bo , , heard , and If ho wore Impris oned at Lincoln Instead of Sioux Falls it would save considerable time and expense in transporting the ex-banker from ono point to another. I'nlllnc Tor nn luwii AlAn , J. J. Richardson , national commlttccman from Iowa , arrived toniuht. Mr. Richardson is here to urge the president to appoint L. L. Martin second assistant postmaster general. His visit to the capltol will hoof llttlo service - ' " ' vice to his friend Martin , however , as the president left the city this evening for an outing that may bo extended sovcral weeks. Postmaster General Blssell is hero and Mr. Hichardson will call 11(1011 ( him tomorrow to urge the appointment of Martin. Mr. Mar tin is at present general manager of the DCS Moines As Sioux t'lty railroad. Army Olllcerx nihimtl-ttloc ! . Apparently ono of the most unpopular hings that President Cleveland has done , n tlio estimation of army olllcors , was bi inforcomcnt of the law authorizing him to military men instead of civilians ns ndlan agents. It will be remembered that jarely two weeks ago the president Issued in executive order dolallinct twenty olUcer * if the army to act as Indian agents at is many Indian reservations. Since that line ho nnd the secretary of war have been leluged with letters from these oflleers and heir friends begging that they should oo elcased from his assignment. At least ton 5f the oflleers detailed ny that order have uccn keeping up an almost continuous cor- espomlenco either with thu authorities or .h their friends who might have Influence vith them seeking foV relief from , this ap- larently unpleasant duty. Five of thcso gcntlomcn have brought such good iiiilucuco to bear or have pre sented such peed reasons why they should ba clioved that their "kick" lias been succoss- ul , and another executive order will shortly ba issued substituting other names for them. Owing to the well known secrecy ob served lu connection with these matters In the War department previous to the olllclal innounccnient of the charge it is impossible to get all five names , of the lucky ones who uivo been relieved. Three of them are known , howexcr. They are : Captain Homer Wheeler of the Fifth cavalry , , .who mid been detailed to the Chcyciiuo and Arapahoe agency In Oklahoma ; Captain losoph Halo of tlio Third infantry , who had Liccn assigned to thu Colcvlllo iiacncy in Washington state , and Captain William P. Hogcrs ot the Seventeenth infantry , who was to have gone to the Warm Springs agency in Oregon. Who the ofllccrs are who will succeed these gentlemen cannot now ba iisccrtained , but the official order will prob- iibly be promulgated within the next day or two. Secretary Morton will probably remain in the city during the boated term. Nearly all other members of the cabinet have planno'd to seek rest and recreation prior to the meetintr of congress in August , but Secre tary Morton said tonight that ho expected to stay in Washington. Walter U. McNeol of Nebraska was today appointed an examiner of Chlppewa Indian lands in Minnesota at ? t ( per day. Joshua B. Wood has been appointed post master at Hiawatha , Dundy county , Nob. , vice Klehard 1' . Jumes , resigned. P. S. II. NATIONAL FINANCES , Unelo .Siim'H ItoeelptK for tlm Yoir II * In KICUKH oT IIU Kxpendltures. WASIUNOTOK , June ! iO , Treasury officials are deep in the mystery of figures today , closing ui ) the vast money accounts of the government for the fiscal year l&'J2-yy. The figures will bo officially proclaimed to morrow and will show In round numbers that the total receipts lor the yeap have aggregated ? fl8.r > ,000,000 , while the expenditures will footuii. ! Si,000,000 : , leaving a surplus of receipts above expenditure's of f',000.000. This was the estimate submitted by Secretary Foster to congress as the probable - able surplus of the fiscal year closed today and remits prove It to have been propheti cally accurate. In this estimate , however , Mr. Foster did not take Into account the pay ment of the ChcroKco Indian claim of 1,000- 000. Had this not been paid the receipts would have been (5,000,000 In excess of the expenditures. Y'-Hti'rihiy' * Appointment * , WASHINGTON , Juno 1)0. ) Enoch Knight ot Los Angeles , Cal. , rccoiver of the land olllco at Los Angeles. L. S. Uarncs of Redding , receiver of the land ollleo at Roddtng , Cal. Itobert A. Miller of Jacksonville , Ore regis ter of the land oflk-o at Oregon City. D. W. Kisdom of Muskogee - kogee , Indian agent at Union Agent-1 ; , I. 'I' . Hecrolary Carlisle today made tlio fellow- Ing appointments : Claud M. John Jii of Kentucky , chief of the bureau of engraving and printing. ( Juorgo W. Castln of Ken tucky , custodian of dies , rolls and pUlcs , bureau of engraving and printing. H Is stated at thu treasury that no a p. pointmont of director of the mint will be made until the assomhliigo of congress. In Itogitnl to DiMufo llullilmgii. WAHIIINOT > .v , JunoaO. As a result of the accident to the Ford's theater building , Secretary Lainont today issued an order that horoartiT the clilof of engineers will huvo chaiv. ' of all buildings , either rented or otncrwis i. occupied by the War dopart- incn. , or any of il bureaus or oillcc.i lu the Liat.'k't of Columbia. 'lliu Duseh building Is closed. This morn ing Secretary Carlisle ordered that the per- tlon of the torco of the sixth auditor's oflk'o employed in this alleged unsafe struc ture to ba dismissed with Instructions to re port again Monday morning. Meantime the work of strengthening suggested in H recent report , of Supervising Architect O'ltourko of the lica.ury will bo pursued. lpor Tension ' 1'iiyinenli/ WjteniNGTON , Juno BO. Assistant Secre tary , * 1ms today Mgncd warrants for the payment of $10,000,000 , in pensions. TbU sum is an advance to the dlsburtlng agonu ou account of the first quarter of the next fiscal year uud la to bo distributed among all the agencies , llxecutecl lor Murder , WI&TKH , I. T. , Juuo 80. Jo Bird , a Chootavr negro , was executed by shooting this morning at Wlllerton for the murJor of his mother-in-law and vrlfo. The ihorift shot him through the heart with a rovolvox at llvo paces. Two ChoctnvTs , vylll Do ibol on next Friday , and five oil tue folKmlyj Tuoeday.
