VbL VII.
RALEIG-H, JN". C.; SATURDAY, fjMAY 1 1, 1901
No. 145
1
-
Hansom Speaks with His ,QW
Time Eloquence
A. NOBLE THEME
Greensboro Had a Fine Day
for Memorial-Celebration
and Made the Most of It
Business Suspended
Greoni, r X. C, May 10 Special.
!,iy. under the direction of the
bor
Paudirer
,,f the Confederacy, were all
. . 1
have been desired, with the
J 1.1 L V
,a ,it a hard rain an hour before
.....jes began. The" occasion has
herved here for years, but sel
.f.nv was there so much interest
fXO'
t!ip ex
Am l
manifested. 1 Hiring the exercises busi-n-s
in iK" city was suspended and every
Jjy turned out to honor the memory
1 . - 1 U
of tne uenu neiur.-.
A jrrear many Confederate; veterans
(-'3t r,.lr tVimr mot
at the county court house, by order of
Commandant J. W. .Scott of the. Guil
ford ( amp. and marched to the Banner
wai- li to hear General Ransom's
ora::"ii. . , . ,
H iiidrpds of people crowaea tne ware-
h.u.-p. all anxious to see and near the
ii b!p oid Roman who had come from
his fa nus on the uoanoKe to join me
i)p!p "f Guilford in paying loving trib-
1 . .i i .i . .i
ute t'1 me memory oi inose uu uan-u
and riied in defense of the bonny Hag.
The exercises were opened with a rer-
veiit invocation by Itev. Lj. u . traw
ford. 1 !.. editor of The North Caro
lina Christian Advocate, after which the
S , i t ity liana renaereu ivixie.
"Mnssfl s in The Cold, Cold liround was
linn feelingly rendered by Miss Lucy
(iienil.
The orator of the occasion was grace
fully introduced by Col. James T. More
had. than whom there is no more loyal
veteran ot tne Ijost tjause in me Jia
irth State, General Ransom ' wfts
greeted by a perfect storm of applause,
ss enthusiastic and cordial as he (ever
received on the hustings. It was .the
spontaneous outburst -of the feelings of
an affectionate people, who rememjbered
tie services of the old hero to his eoun
trv in time of war and who had not
- f Miyttpu how, later, he had stood dike
a wall of hre for the protection of his
people against measures more blighting
than the ravages of armed hosts.
Though bearing the weight of more
than the allotted threescore and ten
year?. General Ransom has lost none
of the tire of old. As erect, graceful
and worthy as of yore, his eyes ..flash
with the same brilliancy and his eoun
tenvice .reveals the same deep-rooted love
?i)d regard for the people. Old age has
not diminished his powers of oratory,
especially when talking of a theme so
near his heart as the Confederacy and
the Southern soldier. . His address to
day was a most powerful effort, in every
whit worthy of the Ransom in the
; primp of life. His portrayal of the char
acter of the Southern soldier, his great
i fortitude, sublime patience, unexcelled
'endurance and unexampled .bravery in
the face of the most trying ordeaf, was
as vivid as it was true. The hearer
was compelled to argee with the speaker
that no section save the South could
have furnished such a soldier. General
iKansom's tribute to the memory of the
Confederauv dad wail most touching
and beautiful, and caused glistening tears
to fall from the eyes of many in the
audience.
At the -conclusion of the masterly ora
tion the veterans present and hundreds
f'f others crowded around General Ran
som to grasp his hand. "
The exercises in the warehouse were
included by "Dixie." sung with the
Pint and the understanding by the en
tire audience. The long procession then
.formed in the following order and moved
to beautiful Green Hill Cemetery:
;ate City Rand.
'terans on foot.
''tcran.s in carriages. ' ' "
honker's carriage. -
Carriages containing officers and mem
Jers ,.f (;ilford Chapter United Daugh
ters ,,f the Confederacy.
tan ia-es containing the singers.
' arriaxes containing committees,
. rn;!s. flowers,' etc. , "
re.nsboro Fire Department..
Jiif band played a low dirga upon
eiiterin- the cemetery, while the crowd
fntnend around the green mound tmon
nich stands a- monument to the memory i
1 HI, I nnffriprflto rloal Tlnnnir tho
JintriiiB of -Cover Them Over with Beau-
A
' it ( I I m
the veterans and school
thihl
lien 1-m-ai.oil iK . j a
-i t IP
graves of soldiers in the ceme-
terv
W( , fi lioonl-;ll TTt,
. 'iPriln SPI'VICP vrn rlneal u-ith nw rp
Rev. Dr V. W Kn,U1,
AftM,- returning from the cemetery the
"ei-fins repaired to the lawn of the
'aci'-iny of 3Iusic. wherp ther wore
with a bountiful dinner, prepared
nd
C-jnf d - uaugaters or .- tne
The Day In Wf nitton-Salrm
Jinston-Salem X. C. aray 10.-Spe-.
morial 1)a-v "'as observed with
r "priate exercises
J-amj. of Confederafe
today. Norfleet
Veterans met nt!
uv ennr
House at i)::J0 f m n.niH thpir
ur,es
and received badges. At 10 o'clock
"IP tdto.,..- 1 . " .
iauo nuu outers rormed in line
tne rorsvth Riflemen, nnd
uiarchei
to the Salem cemetery, where
ae er
nr. in,'.. t? .
'S1! a hn.ri.v
saint ' by old veterans
nrert by Mayor O. B. Eaton in behalf
"tie james B. Gordon Chapter, Dauji-
HAD
lue oitu'uerate dead were
San'L? hy the J- K.-Gordon Chaptr.
anjrar( rs of thp Confederacy, followed
.i . ' ayer by Rev. Dr. .11, A . mwn
p-fL- ? the houe. addresses
;:lveLat 11 "clock by Mr. C. B.
V v uan? CaPt- R- K. Crawford, af
r- .lien the mweuo k
ters of the Confederacy, and the same
were accepted in . behalf of the camp
by Mr. E. E. Gray.
-iThe report showed that five members
of Xorfleet Camp had died since last
Memorial Day. G. W. Hinshaw was
requested tvwrite. up and forward to
Judge Walter Clark a. history of how
rations and tithes were collected during
the latter months of the war of 1861-'65.
Th,e selection of delegates to the (Jrand
Reunion ,at Memphis was left with the
commander, Maj. T. :J Brown. Those
who can go are to report to him. Major
BroAvn and other old officers were re
elected. . ' . . - i . A -
The camp then marched to Brown's
warehouse, where lunch was served by
the Daughters of the Conf ederacv. assist
ed by other ladies.
At 1:30 p. m. the caraD met at the
courthouse and elected officers
Wilmington Observes the Day
Wilmington, N. C, May 10. Special.
Memorial Day was appropriately cele
brated here today. . Banks and exchanges
were closed, and wholesale houses sus
pended business in the afternoon. Ex
ercises were observed in Oakdale Ceme
tery. Hundreds of people were pres
ent. The oration bv CaDt. C. B. Deuson
of Raleigh was a splendid and patriotic
address. In the procession was a band,
military organizations, veterans, Daugh
ters of the Confederacy, Sons of et-
erans and school children. Th Con
federate monument and graves of fallen
heroes were covered with flowers.
Celebration (ii Charlotts
Charlotte. N. C, May 10. Special.
Memorial Day exercises were observed
here today. In the afternoon a proces
sion was f ormej consisting of veterans,
local militia, school children and others,
and the march to the cemetery was be
gun, ft. B. Hunter delivered an address,
and the usual salute of three volleys was
fired as the soldiers stood about the Con
federate monument.,. Fifteen hundred to
two thousand people were present. .
BUSINESS IS
SAFE AND SOUND
Legitimate Trade Not Affected
by the Stock Panic
New York, May 10. Dun's weekly re
view tomorrow will say: - ,
A panic in Wall street does not mean
that legitimate -business has suddenly
ceased to prosper, nor is the condition
of mercantile - trade and manufacture
adversely affected by a violent tall in
prices of securities. Throughout the en
tire country fundamental conditions were
never as- sound as at the present time,
reports from nearly every city this week
showing an exceptional volume of trans
actions and payments promptly met.
Bank exchanges r at New York.' 159.36
per cent htrger than in the correspond
ing week last year, and yO.o per cent
iu excess of 1899, reflect speculative ac
tivity to a great extent, but the increase
of 27.3 per. cent over 1900 and 22 over
1899 outside New York shows that there
is no backward movement in actual sales
of merchandise. j
Railroad stocks did not drop an average
of $1 in a few minutes because trafhc
had. decreased, since full returns for
April show a gain in earnings of 9.1
per cent over last year, and 23.7 pt-r cent
over 1899, with especially large increases
in Southern and Southwestern roads.
And S Sayi Oradstreet's
New York, May 10. Bradstreet's to
morrow will say:
One looks m vain at this writing for
any evidence that the general business of
the country has been in any way inter
fered with by the (for the time involved
severest fall in prices in the history of
the New York Stock Exchange. A very
general conclusion reached is, Indeed.
that this convulsion is purely a stock
panic, not involving or connected witn
the general industries of the country in
any way. There will not, . in fact, be
a bushel of wheat or corn less in the
country as a . result of this convulsion.
Speculation in gram and, other staples
has, however, been checked by the con
centration of interest , upon the stock
market. ' . - - '
COUNTINGWINNINGS
Speculators Who Profited by
: the Wall Street Flurry .
Baltimore, May 10. In local financial
circles the calm following yesterday's
storm in New York was in, evidence to
day. A number of Baltimore specula
tors who had enough to go into the ex
cited New York, market yesterday when
prices slumped 'were figuring on ,their
winnings on account of today's Vgeneral
advance in prices. At the offices hand
ling New .York stocks, margins were re
quired today ranging from 10 to 30 per
cent. ' '-VvV:
The Baltimore stock market was with
out any marked ..feature, 'today except
the firmness in Seaboard Air Line Rail
road securities. These issues, ' owing
to their wide distribution, are more apt
to reflect New. "York exeitement'than any
other on the local market. The common
stock, which closed at 24 yesterday, sold
up to 25 today, with only small, offer
ings. 7
.. ' r
Shocked by Lightning
Winston-Salem, C., May 10 Spe
cial. A severe electrical storm passed
over here this morning. W. P. Hul smd
R E. Steele, business men, sustained
severe shocks by lightning.' They were
talking over the telephone. Both' were
knocked down and rendered "unconscious
for a short time.-. Hills condition is
most serious. He is confined to his bed.
' . '
Fitz Lee Spreading -Out
Washington, May 10. Brig.-Gen. Fitz
hugh Lee, retired, who has been visit
ing in the far West sincf his detach
ment from command-of: the -Department
of -Missouri at . Omaha. JS'eb., a few
months ago, is in this city on his. way
to his home in lrgmia. ; He is m excel
lent health and spirits, and seems to
hxe gained considerably m duik - and
(wfeigfit Bince he returned .from Cuba.
I IN
Demand for Indemnity May
Furnish the Key
CHINA IS CONSIDERING
The Sum Is So Great that Im
: perial -Government May
Seek Terms of Com pro
mise With the. Powers.
Washington, May 10. In official cir
cles here it is regarded as quite prob
able that the result of the demand of
the allied powers upon China for $337,-
000,000 will be the' on n door -in - the
East.. This government" regards the
amount agreed upon - as- excessive and
unreasonable, even though the United
States' claim of $25,000,000 is embraced
therein.
China, it was said today, has under
consideration the. claim of the' allied
powers, and in a few days will make
repJy. Chinas answer will, it is said.
be t the effect-that the indemnity asked,
oo(,inw,i.w, as too imicu jtuu noi war
ranted by the damages suffered' by the
powers. It is further said 'that China
understands that the real object sought
by the allied powers as an open door to
her markets. It was reported here this
morning-that the suggestion had been
made to the Chinese government that
the powers would be' willing to scale the
indemnity considerably, provided China
would agree to treat all the powers alike
and throw open her doors to" the com
merce of the World. Such a. course, it-
was said, would place all on an equal
footing in the race .for the oriental
trade. .' -
It can be. stated positively that the
United States J will not join in any ulti
matum of the powers for an indemnity
exceeding $200,000,000. Information
from China on the proposition is expect-
eo eariy next weeu. ' .
t
Enormonii Sam Demanded ;
Pekin, May 10. According to informa
tion received here the Chipe: - court has
informed Eart Li Hung Changr ihe.
peace envoy, that the indemnities to be
paid to the powers' on account of the
recent Boxers outrages -must be met out
of the customs revenues, and that the
collection of the money-required in any.
other . way will not be permitted by the
Celestial government. 7 1
In answer to the announcement, Li
Hung Chang-has informed the govern
ment that the amount of indemnity de
manded by the reprbsentatives of the
powers was immense, and tliat tne cus
toms would not be sufficient to make
the payments. He also sent word that
it was indispensable that revenues should
be raised from other sources to meet
the demands for damages and it is un
derstood that he asked the court officials
to make recommendations regarding the
matter.
It is believed that this will result-in
complications and further delays, for the
court seems unwilling to agree that other
methods shall be adopted to secure funds
for the indemnity payments.
Chang Chih Tung, the viceroy of. uu
Chang, who. has always been ready to
question the motive and the actions of
Earl Li. has memorialized the throne,
asking that the pence envoys be ordered
ti consult further with 'the foreign mint
isters. The viceroy makes an argument
that Earl Li can secure a reduction of
the. amount of indemnity if he applies
himself to the task, and infers that he
hns Wen remiss in his duty.
It is said in diplomatic circles that
force may yet be resyiiml to convince
the Chinese authorit'iT' that the powers
are in earnest and determined .to obtain
compensation for the losses sustained
through the outrages upon foreigners in
various parts of the empire. ; '
Department Notes 7
Washington, . May 10. Special. Con
tracts awards for annual supplies for
public building at New Bern, N. C
Coal Merchants' Coal Co.; wood-r-E. B.
Ellis; ice New Bern Ice Co.; miscella
neous J. C. Whitty and E. B. Black
burn. 7
The following pensions hate been is
sued: -"War with, Spain WJ ow and
child (ressue), Nancy P.. Johnston,
mother, and Nettie Kmtb, $12.
The following postmaster have been
appointed: Costner, Gaston county', M.
C. Rhyiie, vice Mandy Paysour,. resign
ed; Faust, Madison county, C. E. Eugi.
lisli. vice ,!. A. English dead; Ashley,
Ashe county. J. A. Ashley, vice Chris,
tian Powers,' resigned; Outlook, MadS
son county, G. W. Anderson, vice L. A.
Reese, removed. . ' . '
; v - Chasing Cailles
Manila, May 10. Cailles. thensurgent
leader in Laguna province,-' is being
closely chased. He is supposed to have
gone Bouthward of Laguna province and
is not likely to surrender, fearing paying
personal penalty for his numerous nsr
sassinations. - i
A hundred insurgents Tuesday eve.
mug attacked I'aglibac. in - Tavabas,
which province was considered to be
paclhed. Ihe insurgents were repulsed
vthout'loss. A detachment -of the
lwenty-nrst Infantry ,-.ri irut ii-i4
at Zurbanos;conip. near I.ucaar. and cap
tured a, large quantity of supplies.
: "- $ - 7
Back in Its Cage
Buffalo. May 10. The twenty-two-foot
boaeonstrictor that escnped at the fair
grounds early this week has been cap
tured. It was thought" the reptile was
m the .vicinity of Tonawanda. but it
was discovered yesterday in one of the
. 7 ' ;
! - ! i
VVTIlTlTi'n 11 Iff I I
L . '5
'. ' ..v.- S - :. i '. . . , - 7 , -
The Missiig1 McCormick Boy
Drow
ed in a Creek
HIS SISTER KNEW HIM
The Body dentifid Beyond a
Doubt The Police Consider
It, an Ordinary Case of
Drowning
New York, Slay 10. The body of Wil
lie McCormicf, the ten-'year-old boy who
vanished 'f romj his parent's home in High
Bridge sfx wjieeks ago, and for whose
return rewards to the amount of several
thousand dollars have been offered under
the impression that he was kidnapped,
was fouhd tips afternoon in a shallow
stream known as Cromwell's. Creek, al
most a-quarter of a mile, from the boy's
home. The fody, from its appearance,
seemed to hae been in the water about
six weeks. Jtjjst the length of time that
Willie had been missing. No marks of
violence coup;; be discovered, nor was
there anything to refute the theory the
police propounded ' after , examining it,
that when Willie started for church on
the evening bn which he' vanished he
wandered do1h to the creew and was
accidentally drowned.
The body was discovered by two young
men Who wefe fishing from a row boat.
Policeman. Eyarts who came along and
took charge f it was sure .that it was
the ldy of jfthe missing faboy, because
he had a deJcfiptiou of him in his note
book, and th description tallied exactly
with the clojthing of the drowned boy,
though the face, from long( immersion
in the watersvas almost unrecognizable.
7 Willie's silter was summoned. She
rushetl through the crowd and took one
glance at the ody. . .
That's Wjlfie," said the girl.
She knelt
the body, eying, while the policeman
searched thM clothing. They found a
skate key; alpocket knife, a cent and a
cheap medal of the kind used "by mer
chants to alverfise their wares -during
the world's fair at Chicago. The sister
at once recognized the medal as one
her brother had always . carried in his
pocket. Others . remembered ihat when
Willie vanished he had just one cent in
his pocket.
Later theiboy's father identified the.
body. 7 f
" ;A coroneip physician . will probably
make.an aiApsy on it tomorrow to show
beyondMdoult whether or not drowning
was the cauje of death.
"I think tliose letters sent to me just
after my bly disappeared came from
people who I kidnapped him. I cannot
say more ate present," was all that Mr.
McCormick vouId say.
"It is an Ordinary case of drowning,"
said Captaif Titus, of the detective bu
reau. I , . ,
'Willie 3keCormiek has been missing
since the evprnine of April 30. He was
to follow f voi sisters to church. He
went to get his cap, and that was the
last seen ofjjhim alive, lie never reach
ed the churh:and next day the police
were hske pto search for him. Then
his parents; received letters indicating
that he had j been kidnapped and was be
ing held fori a ransom. Rewards aggre
gating $12,00 were offered for his re
turn. The police have asserted all along
that there jjvas no foundation for the
kidnapping ft heory. It was thought he
had probably run away from home.
BY SLOW STAGES
The President's Leisurely
Trip Through California ,
Santa Barbara. Cal., May 10 Presi
dent 5IcKifley began his trip along the
coast line frjm Los Angeles to San Fran
cisco at six I'clbck this morning. He will
not" reach he metropolis until next
Thursday, for his journey through the
14!antiful const cities of Southern Cal
ifornia will Ate a leisurely on'e, including
a full day'sfrest Sunday at Delmoute.
The , special ; train stopped about 9
o'clock" at Sn Buena Ventura, near the
southern -eilirance of Santa Barbara
channel, whre the of ficial tests of gov
ernment war ships are made. Mr. and
Mrs;IcKirjey had then been refreshed
by a long nht's sleep and all the mem
bcrs 'of the iPresidential pai-ty were in
fine spirits. "Twenty carriages covered
with flower and drawn - by spirited
horse,s, weiif at the station. The Presi
dent was di'iven through the town in a
carriage covjered- with white 'roses, and
the :-four white horses that drew the ve
hicle had lilrness trimmed with white
silk. , Otherf carriages were in waiting
for the mepubers of the Presidential
pai-ty each jjrehicle -being decorated the
volor of some flower, carnation, gera
niuru, wold Austard, calla lilies or other
blossoms.
At the entrance .to the mam street of -j
the to n; was a massjve arch built of
; wfs a massjye arch built of
snf calla lilies. There were I
forbade passage until the j
oranges , a
gates tha
uiay6r '.of thie town sprang from the
3
carriage, in which he was driving with
the President and unlocked them wth a
sliver key. They passed down the street
between" lines of men, women and chil
dren. The carriage passed for half an
Lour untiKa halt was made at the an
cient mission-of San Buena Yentura, the
chimes of bells, two eenturies old, ring
ing out sweetiy. There a delegation of
laides stepped' out to present a silver
card service and flowers to Mrs. McKin-l
1 rt'l j. , 1 . m -.i I
lej. xne priest in cuarge uj. me mission
stood in the doorway of the quaint old
Spanish edifice, swung his . hat and
smiled.
In front of the public square filled with
a crowd of several thousand who had
hurried along in the carriages the Pres
ident madel. a short" speech carefully
adapted to the character ' of the recep
tion and expressing thankfulness for the
peculiar expressions of loyalty to Jiie ex
ecutive which the people of, California
were showing.
-s ""
TELEGRAPH TERSITIES
Washington, May 10. Eiehard Phil-
II! .. . . . ' mi t .. i
ups, at one lime a weu-Known local col
ored pugilist, who a year ago .killed
Joseph New at oFrtress Monroe, has
been adjudged insane. 7
Durban, M&y 10. Mrs. Botha, wife
of the Boer commandant, general, has
arrived here en route to Holland, where
she will see Mr. Kruger and request him
to . 'urge her . husband to abandon the
war. She speaks highly of the treat
ment accorded her by the British. She
is accompanied by a number of Boer
ladies.
Altoona, Pa., May 10. W,hile locomo
tive No. 16, on the Huntington & Broad
Top Railway, ,was hauling a freight
train- into Mount Dallas this morning
the boiler exploded," killing-four of the
train crew. '- ,
Constantinople, May 10. The German,
Austrian, French and British ambassa
dors have promptly sent back the porte's
reply to their representations on the sub
ject of Turkish seizure of the foreign
mails On account of the offensive alle
gation that the foreign post offices fa
cilitated smuggling. Pending a settle
ment of . the question, embassy couriers
are taking the European mail to and
from the Bulgarian frontier. V , 7
Washington, May 10. Bids were open
ed in" the office of Colonel True, depot
quartermaster,: this afternoon, for the
removal; of the remains of the Confed
erate dead" at ; the Soldiers' Home and
Arlington Cemetery and their interment
in a separate plot of ground in Arlington
Cemetery an accordancet with the pro
visions of an act of Congress.- -
New York, May 10. One juror was
excused and another secured . when the
trial of Dr. Samuel J. Kennedy was ad
journed today. The panel of jurymen
was exhausted and another panel of 150
men" was summoned.
London, 7 May 10. Rear Admiral
Schley has arrived in London on .. his
way to the United States. He is accom
panied by Lieut. James Hi Sears. .The
admiral is visiting his daughter's rela
tives," the Stuart-Wortleys.. lie will dine
with Mr. Choate, the United States am
bassador tonight, and will stay, here
about ten days before sailing for New
York. " .
, S i. .
Havana Municipal Politics
Havana, 'May 10. Senor Gener was
nominated for maj-or by the National
party. .. He has an -extensive program.
He proposes to build cheap houses for the
poor, to have cheap ears for working
mien, to build a new park and other
things. Senbr Estrada Mora, the Re
publican candidate, says he has no pro
gram. He adds that until a definite
government , is established and definite
relations between the State and the mu
nicipalities are fixed,- it is absured to
talk of a program. The Democrats
say their plants one of retrenchment
They propose, if ..they elect their candi
date, to find out the real state of mu
nicipal affairs. They expect to find a
cesspool of corruption and they ' would
like to try to straighten matters out.
It is " pointed out that last year the
National party had a very, extensive pro
gram, which was entirely unfulfilled.
iratched H; Qhance .
Reading, Pa.. M-i.v 10! Daniel B.
Shepp, one of the proprietors of the
Globe Bible Publishing house in Phila
delphia, this morning ealled up his
brother-in-law in this city by Ung-dis-tance
'phone and said:
"Tell my father that I've made
$400.500.r I watched my chance and sold
Northern Pacific at 1,000."
- ' -.'
At & in. COLJ.EG1! COMMENCEMENT
Official Trpgrmm fnod Yesterday
Next Seaalofi1 Opens Sept. 5th
Announcement for the twelfth annual
commencement ; of the North Carolina
College of Agriculture and Mechanic
Arts, to be held May 2(5, 27, 28 and 29,
wa s issues yesterday. The following
program - and- announcements .are given:
Sunday. May 2011 a. m., Baccalau
reate Sermon in Edenton Street M. E.
Church, Jby Rev. J. J. Lafferty, D. D-,
Richmond, Va. ; i .
Mondav, May 278:30 p. m.. Alumni
Oration in Agricultural Hall, by Edwin
Speight Darden, B. S.. Class of '95.
Tuesday, May 28 S:30 p. m.. Annual
Address in the Academy of Music, by
Hon. Carroll D. Wright. U. S. Commis
sioner of Labor, - Washington, D. G.
Wednesdayy May 29-rll a, m., Com
mencemehr': Exercises in the Academy
of MusiCi . Orations by members of tne
(iraduating Class. , Annual Keport. Con
ferring of Degrees.
These exercises are public, and a cor
dial invitation to' attend them is hereby
extended to nil persons who "are inter
ested in technological ad industrial edu
cation. . r 7 :'- -
GEO. T. WINSTON. President.
Rnfeieh. Nl C May. 1!M)1.
The next term of the college will open
Thursday; September 5. 19(H. - j
Full courses of instruction are offered
in agriculture, in 'cotton manufacturing!
and dyeing, .and .111 engineering (civil,
electrical mechanical , and chemical 1. 1
Short course in mechanic arts, in agri
culture - and in cotton - manufacturing.
Special courses in carpentry, machinists
work, "boiler- and engine tending, ma
chine drawing and designing, electricity,
agriculture and horticulture.
Public Exercises f Pallen Se-cletr
,uWic exercises of the Pnllen lAt-
y nclety of the A. and M. College,
wnjch were to, 'have been held last night,
be held this evening at 8 o'clock.. j
mm
Injunction - Stops the 7 Wall
Street Panic
THE CORNER BROKEN
New Wrinkle in the Street;
Brokerage Business But
It Quickly Cleared the Fr;
nancial Atmosphere
New York, May 10. -The unprecodent-
ed spectacle of a Supreme Court justice
issuing an Injunction restraining the
giants' of Wall street' from buying or'
selling a certain stock has . been pre-'
sented on the Stock Exchange. The re-'
straining order was issued by Justice
Henry A. ; Gildersleee, sitting inr the
Supreme Court yesterday, and prohibited,
Messrs. Harriman, , Hill, Kuhn, Loeb &
Co., J. P. Morgan & Co., Rudolph Kap
pler, as president of the New York '
Stock Exchange, and the New York
Stock Exchange from buying shares of
Northern Pacific stock. t ,
The injunction -was granted at the re
quest of Davis-Lamar, a broker, who is
said to have acted as an agent for James
R. Keene. Mr. Keene is credited with
having instituted the proceedings for
the purpose of relieving the condition
of the market. This order was need as
a club to compel the warring factions
to break the corner and allow the shorts
to settle at 150.
J. P. Morgan & Co. applied Monday
to certain speculative interests to pur
chase secretly on their behalf 100,000
shares of Northern Pacific stock. This'
firm and their principal associate? J. J.
Hill, believed their control of this rail- ;
road to be in peril and desired the stock,
for the purpose of insuring their owner
ship of the majority of the capital stock.
The ' speculative interests ' agreed upon
the understanding , that the transaction
was legitimate and intended only for
the aforesaid purpose. The amount of
stock desired by 5lessrs. Morgan & Co.
was quickly purchased at an advance of
only eight points.
Upon, the following day it was devel
oped that interests. . represented by
Messrs. E. H. , Harrima-n and Kuhn,
Loeb &" Co. had acquiied an 'enormous,
amount of preferred and common stock
of the company also, for the purpose of
control. The result of the contending
forces was a corner of the stock.
The speculative interests referred to,
which had unwillingly' participated in
bringing about a condition of : affairs
which they least of all desired, were
amazed at the effect of their own handi
work as evidenced in the market. These
gentlemen applied to both Kuhn, Loeb
& Co. and J. P. Morgan & Co. for
authority to relax the tension dn North
ern Pacific so as to stop the panic in
the general market. For an hour the rep
resentatives are said to have pleaded
with the representatives of both firms,
but in vain. - Then the gentlemen who
had done the pleading went in h'aste to
conault their counsel, who were Messrs.
Henry L.Scheurman and 'Herbert R.
Liiaburgei; of the firm of IIoadley,-Lau-terbach
& Johnson. -
In an hour the pleaders again appeared
at the offices of Morgan & Co. and Kuhn,
Loeb &; Co. They produced the order
which had just been obtained from Jus
tice Gildersleeve. The defendants dn
this suit, in addition to the broker in
question, were Messrs. Harriman, Hill,
Kuhn, Loeb & Uo., J. .f. morgan at o.,
Rudolph Kappler. as president of the
New York Stock Exchange, and the New
York Stock Exchaje.
The court ordered that the defendant
brokers be restrained from purchasing
any stocks of the Northern Pacific Rail
road Company in orjiT to close the
account of the plaintiff or for any other,
purpose on behalf of the plaintiff, f-
The man at whose instance this order
was procured stated to Mr. Schiff and
Mr. Bacon,' representing the respective
contending interests, that unless imme
diate relief were granted the order would
be served and a similar order would
follow on behalf of all other houses short
of the stock before 2:15 p. in. Con
fronted with the situation,5 the contend
ing forces were not long in-reaching a
decision. All the conditions of the
agreement have been complied with. The
injunction was held unserved pending
the fulfillment of the conditions.
- 7 5 :
, Brokers Go Under
New York, May 10. Elbert Thomas
Jackson and Samuel C. Johnson, .doing
business as stock brokers, today as
signed for the benefit of their creditors.
Jackson brother were members of the
Consolidated Exohange. The . .primary
cause was said to be the failure of their
customers in the city and out of town
to meet calls for extra margins. The
liabilities are under $100,000.' ' -
Crushed Between Cars
Charlotte, N. C, May 10. Special.
B.v L. Roberts, an employe of the South
ern Railway, met a sad death here to
day, while coupling cars., Roberts' head,
was caught between : the ' cars and his
skull was crushed. Scarcely any injury
was detected on the sides of the head,
but blood flowed freely from .the nose
and mouth. The remains will be taken
to Patterson Springs,, near Shelby, for
burial. . .-- v
' "-';.;' - -
1. 1.-. T ..
A Record Breaker
New York, May 10. Yesterday's tre-
mendous business on the Stock Exchange
was reflected in today's exchange of bank
checks, which aggregated $568,537,410.
and broke the record of ?5G2,817,203
made Tuesday. The balances were
$28,873,116, thejwwlajjjn record.
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