Newspapers / Salisbury Globe (Salisbury, N.C.) / May 11, 1893, edition 1 / Page 1
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VOL. VI. SALISBURY. N. C, THURSDAY. MAY 11, 189 o NO. 31. A PANIC IN WALL STREET. Mil Scenes Wliicti Recall tie Blact Friaay of IleaTj Fatlnres Among; the Stock Oper atorsThe Worst Is Otch A New York special of Friday Bays : This was the wortt day Wall street has eeen in this week of woe. Hopes in dulged in Thursday evening that the panic had run its course were prema ture. The stock market opened amid great excitement and with prices about the same as Thursday's closing. It was very soon apparent that many stocks must be sotd out regardless of price. The discrimination of the banks against certain stocks, espec ially Industrials as collaterals in loans, has compelled their holders to throw them overboard. The slaughter of industries was aw ful, and it was very quickly seen that there must be more failures. No house largely interested in these stocks could 1 A 1 i .. - . l A A PANIC IN THE AIR. By 9 :30 o'clock the galleries of the etock exchange began to fill. Thurs day s exciting events had attracted everyone's attention, and the public had awakened to the fact that a panio was in the air. On the floor, at 9:50 o'clock, a broker yelled: "What will the price of cordage be?" and the cry echoed back and forth through the galleries. Everybody was aroused and some were in danger of tumbling over the railing to the floor beneath in their endeavor to tret a view of the cordaere crowd, which was swelling in numbers eyeTy second. Pandemonium was im minent, when, at 10 o'clock a wooden mallet fell and with it three sharp blows upon the chairman's desk, the market opened. EVKBYBODY GONT5 CBAZT. "Nineteen for cordage," came on the instant, and the sale of 5,000 shares at that figure was, in a moment, re corded on the tickers. The sugar crowd, St. Paul crowd and Chicago gas crowd were having a high old time. For epectatorH, their interests lay with the cordago crowd, which was most con spicuous in point of numbers, and on account of greater demonstrations with voice and pads waved aloft. Therd were many more ladies pres ent in tho galleries than on the day before, and wild pushing and yelling of the brokers below stirred them up to such a high state of excitement that many of them cried out in very sym pathy. THE PANIO COMES. The panic already foreshadowed at last last dropped out full-fledged, The) sight became indescribable. The crowd swayed backward and forward and it looked for a moment as tJiough the rush below was to be reproduced above. "DKACON" WHITE'S FAILURE. The excitement on the stock ex change was most intense, and prices fell so rapidly that it was a difficult matter to keep track of them. The announcement of the suspension of S. V. White added to the general demon stations which seemed to have set in. BIO PROrS IN TRICES. American sugar which opened at 85 had dropped to 63 at 11 o'clock. Chi cago gas fell from 74 to 65, general electric from 80 to 66. National Cor dago 19 to 18 1-4. Whiskey trust from 22 1-4 to 21 1-4 ; lead from 33 to 28. United States rubber from 45 to 40. Western Union from 83 to 81 1-4 and Manhattan from 126 to 120. The appointment of receivers for National Cordage at a late hour , Thursday night was the occasion for further break in tho preferred stock Friday morning at 45. The common opened'at 9 to 21, five thousand shares changing hamls at this price. : General electric was another weak spot, and in the first few minutes of business the stock broke five points to seventy-five. The fact thnt certain people havo thought it necessary to suo a'statement that the company is - all right is viewed with suspicion in somo quarters. At 10:15 a. m. stock waa soiling at 69. Sugar was also at- - tacked and broke to 76, while Chicago gas dropped to 60. Manhattan 6old down 5 1-2 to 1.21. Considering the panic in the industrial group, the general list held fairly well. PEACON WHITi: FAILS AGAIN. S. V. White & Co. announced their suspension at 10 :45 o'clock on account of the terrific drop in Cordago and Chicago gas. The failure of Ferris v Kimball was announced on stock exch:uigo shortly after 12 o'clock. At that hour the nervous tension in financial circles showed no signs of relaxing. The failure of S. V. White caused a fresh outbreak of the selling fever, Barely, if ever, in the history of the stock ex change were there such wild fluctua tions witnessed. LONDON' BUYING: HEAVILY. Soon at a distance of 3,000 miles, the dlKition had a different aspect. While our own brokers were in a dazed condition and throwing over their stocks regardless of prices, foreign houses w ere quietiv at work picking up the dividend, payers. Their pur chases were heavy enough to demoral ize the foreign exchange- It wases. timated that up to noon London.s purchases of securities in the local market aggregated fully sixty thousand shares, consisting of St. Paul, Louis ville and Nashville, Wabash preferred and other interior national favorites Monev at this time whs elnse iinih.w. exchange borrowers were paving 11 and l?h o Janu" 1Sl' , " I "Kmt lpofntments and that the pres 12 ler cent. At 1 o'clock the battle Vbruar?V'. 7he,.thl5? i Vnt wU1 thua barred from hearinS iiad been on three hours and many of thos ia the early engagement had gone outside to tho sutler's camp for food. They heard how London and other centt-rs were lying back in comparative safety and absorbing the fruits of their sacrifices. i A CHANGE FOB THE EETTEE. " The result was a change for the bet ter in the stock market and a steadier tone characterized the next dealings. The foreign buying was felt inside to have been on a heavy scale and the New Yorkers saw that European pur chasers had certainly picked up some very cheap stocks. The example set by the foreigners and the confidence they displayed in our securities re vived the drooping courage of home operators and a great rally resulted. At 1 :30 o'clock p. m. monev sold off to 18 to 20 per cent and the pressure against the market was lifted and just previous to 2 o'clock money on call fell to 6 per cent, owing to the heavy offerings of funds by commission houses. As a result, the market for stocks became comparatively calm and brokers enjoyed the only real resting spell they have had during the week. Indication pointed then to the fact that considerable amounts of stock had been taken up and paid for. Up to 2 o'clock Friday evening the sales of listed stocks were 444,97,0 shares and of unlisted stocks 201,851 shares. At that hour the market was somewhat feverish, although some stocks were actually above Thursday night's' closing. At the office of Ferris & Kimbill, whose failure was announced at 12 :45 o'clock, it was stated that no statement of the condition of the firm would be given out until later in the afternoon. The shrinkage in Industrials carried down the concern. A feature of the market for railway and miscellaneous bonds was a break in seourity corporation 6's to 82. The last previously reported sale was 96. This is the collateral company that was organized to finance'for the National Cordage. The failure of B. L. Smith & Co. Thursday brought out these bonds, The following stocks were sold out under the rule at the New York ex change Friday presumably for S. V. White: 2,100 American sugar, 700 At chison, 300 Cordage, 100 Lead, 100 Erie, 200 New York and New England and fifty Western Union. AFTER THE BATTLE. After the gavel had fallen and the battle was over for the day the men went away into quieter spots and looked the situation over from a dis tance. Jn well-informed financial quarters, the feeling grew that the worst has been seen in Wall street, and from this time on matters xnll im prove. On this theory, which had, to some extent, obtained before the close, and oru the fact that certain houses whose names had been named as being in the utorm of the early part of the day, pulled through all right, it was seen that there had been a revolution in sentiment and prices bounded up aimost as rapidly as they had dropped early in the day. WHITE EXPECTS TO RESUME. . Mr. White says that he expects to resume payments at once. It is stated, that the Havemeyers, the wealthy sugar men, have but up money enough 31,000,000 to place Mr. White on his feet again. His losses, it is said, are in sugar and Manhattan Elevated stocks. He has a large amount of sugar privileges out on which the losses are heavy. A BREAK FOR LIBERTY. ConTicts at Cole City Attack the Guards But Are Repulsed. A special from Cole City, Ga., says: Ten of the most desperate convicts in the Cole City camp made a daring at tempt to escapo Thursday morning, and, but for the bravery and coolness of the guards, would, in all probabil ity, have succeeded. The gang was led by a desperate negro named John son, who was sent up from Fulton county for a long term for burglary, and who was severely, if not mortally, j wounded in the light. In some way, I tho convicts secured some old i-gaspipo- which they converted into puns by plugging up one end securely, j A fuse was substituted for a trigger, ! and the guns were loaded with any l thing that was calculated to kill. Thurs i dav morning, when the convicts were l beiner moved to the works, the ten i who had the dangerous weapons sud denly made a break, and, when called upon to halt, fired. The break was sudden and unexpected, and, but for the coolness and bravery of the guards, would have been successful. Tht: guards returned the fire, and, after several shots, the convicts were sub dued. In the fight Johnson and foui or five other convicts "were wounded, and it is thought Johnson's woundc will result in his death. Two of th guards were hurt, one of them quitt badly. THE REDWINE CASE. He Was Not Allowed to Testify Before the Grand Jurj. Tho United States grand jury at Atlanta, which has for the past month and a half been investigating the Bed wine defalcation, adjourned Monday afternoon as soon as they found a true bill against Kedwine,. but not until it was discovered by that honorable body that Lewis Kedwine, according to a ruling ny .uuuge ewman, could not be made to testify. The body, adjourned until the 29th of May. The- indictment contains three counts, and is sufficiently large to hbe called an omnibus bill. The first count charges Kedwine with embez zling $103,148.73 from the Gate City National bank between the 22d of Feb ruarv, 1891, and the 22d February, 1893. The second count charges him with embezzlimr the same sum between the ruarges mm wuu fiauezziing iuc w uviu amount, $103,14S.7S, on the 21st of February, 1893. A "no bill" was re turned in the case of the United States against L. J. Hill, president of the bank, and another "no bill" was re turned in,tho case of tho United States against Ed McCaadless, the cashier. WASHINGTON GOSSIP. Happenins from Day to Day in tie , national Capital Appointments in the Various Depart mentsOther Notes of Interest. ABOUT THE DEPARTMENTS. Secretary Carlisle, on Thursday, in structed the collectors of internal rev enue and custom house officials to re frain from making the arrests of Chinese who have not registered until further orders from the department. Two appointments in the treasury department were announced Saturday. Hon." Scott Witke, of Illinois, suc ceeds Mr. Spalding as assistant treas urer, and B. R. Bowler, of Cincinnati, is made comptroller to succeed Ma thews. Speaker Crisp returned to Washing ton Thursday. He will remain several days looking after the interests of his constituents. There are several score of fourth-class postmasters to be ap pointed in his district. Several presi dential postoffices must also be filled, and a few of his constituents want other offices. The president announced the follow ing appointments Monday : H. W. Smith, of Utah, associate justice of the supreme court of the territory of Utah ; Everett E. Ellinwood, of Arizona, at torney of the United States for the territory of Arizona. Marshals of the United States John S. McNeilly, of Mississippi, for the southern, district of Mississippi ; Nat M. Brigham, of Utah, for the territory of Utah; Wil liam K. Meade, of Arizona, for the ter ritory of Arizona. Secretary Gresham on Thursday, re ceived a letter from the United States consul general at Havana, dated April 29th, forwarding a copy of the procla mation issued April 28th by the gov ernor general of Cuba, already pub lished, declaring the province of San tiago de Cuba in a state of seige. The reas ongiven for the measure is that some bands of men have risen in arms against the government in the ham lets of Velasco and Puerta, near the northern coast of that province; for the immediate suppression of which active military measures are now being taken by the government. The president appointed postmas ters Thursday as follows: Margaret G. Davis at Biloxi, Miss., reappoint ed ; Thomas W. James at McComb, Miss. , vice S. W. Collins, office became presidential ; Walter N. Hurt at Wi nona, Miss., vice Mary C. Mathews, removed ; Albert L. Howe at Natches, Miss. , vice H. C. Griffin, removed ; Thomas R. Crews, at Laurens, S. C, vice J. M. Robertson, removed ; Wil liam Y. C. Hannum, at Maryville, Tenn.," vice J. P. Edmonson, removed ; John W. Clark at Bipley, Tenn. , of fice became presidential ; Robert A. Poole at Cleburne, Tenn., vice W. H. Deal, resigned. On Saturday Secretary Carlisle re ceived the resignation of General Bosecrans, of California, as register of the treasury, to take effect May 21st. In tendering his resignation Bosecrans refers to his impaired phys ical condition, and encloses a certifi cate from his physicians, which states that General Bosecrans is unable to undertake the long journey to Wash ington, and does not hold out any hope that he will be able to do so in the near future. Secretary Carlisle accepted the resignation in a letter in which he expresses his regret at the -general's continued illness and hopes he may soon recover. A CompnrallTe Statement. A statement prepared from the rec ords of the postoffice department shows that during the first two months of the present administration, the to tal number of fourth-class postmasters appointed was 3,894 as against 6,104 made during the first two months of Mr. Harrisons's administration. The number of appointments made during the last two months to fill vacancies caused by resignations and deaths was 2,685 as against 1,608 made during the corre sponding period of last administra tion. The number of removals made during the last two months is shown to bo only 1,209, while the number of removals made during the first two months of Mr. Harrison's administra tion reached 3,496. The excess of ap pointments four years ago, therefore, 1,210 and the excess of removals 2,887, while the number of appointments made on account of resignations and death was 1,077 more than four years The Shat-Ont Order. The president's order closing the white house to office-seekers formed the chief topic of conversation among the politicians Monday. The expressions regarding it varied in character according to the condition of the speaker. Senators and repre- j stituencies were in i president's stand seniaiives witn large ana active con- inclined to favor the for it relieved i them of a great deal of pres- sure from importuning foilow ; ers, whose needs must be pre- sented to the president and their ; claims for office advocated. At the i same time the proclamation is not , taken to apply as a bar to senators. ; The politicians say that the order will have the effect of making a close cor- poration of the patronage system bv i giving senators and representatives the sole riizht to talk witn tne -nresnlpnt the voice of the Teotle at larce on the. fitness of candidates put forward for appointment for office. fPL1 be a total failuri agate this tTV uPPy or water trom th River gave out lass September. CARLYLE HARRIS EXECUTED. End of. a Most Unusual Murder Case at New York. Carlyle W. Harris was executed by electricitv in the death house of the prison at'Sing Sing, N. Y., at 12.40 o'clock Monday afternoon. The exe cution was a perfect success. The death warrant was formally read to Harris at 8.30. He displayed indifference and its reading did not noticeably affect him. He showed no signs of breaking down and appeared cheerful after the reading of the death warrant. At 11 o'clock the witness assembled in the warden's office. There were twenty-seven seven phy sicians and twenty newspaper men, state officials and friends of the warden. Warden Durstin, at 12.16, announced that everything wasteady, and invited the witnesses down stairs. Harris was brought in looking pale. He paused an instant on the threshold and looked over the assembled wit nesses. He walked entirely alone, and when the guard pointed to the chair, without even a look of curiosity at the thing which was to end his career, he dropped into the seat. As he did so he said he had a word to say if the warden would permit. The warden asked what he wished to say. Harris, in a weak voice, as though each word cost him a powerful effort, said: "I have no further reservation to make. I desire to say that I am absolutely in nocent." These were his last words. After uttering them he seemed reliev ed and settled back in the chair to which his legs had already been strap ped by the two guards. The electrode was placed on his head and the wires attached to the two electrodes. There was an instant's pause, while every man in the room held his breath. A sharp click from the lever, and the form in the chair straightened up till the straps creaked, and the death deal ing current of 1,760 volts passed through the body of Carlyle W. Har ris. THE CRIME OF HARRIS. Mary Helen Neilson Potts was a beautiful girl of seventeen years, re siding with her parents, who were peo ple of wealth, at Ashburry Park, New York city. At the time of her death she was attending the Comstock Fin ishing school, on Forty-first street. She was considered the belle of the school, and had that light heart and charming nature which won the affect ion of teachers and schoolmates alike. On Saturday night, January 31, 1891, she was invited to attend an evening concert, to which other scholars in tended going. She agreed to make one of the party, but at dinner time complained that she was so tired that she thought she would go to her room and rest rather than accompany the others. She kissed them all good night, and that was the last time any of them saw her again clothed in her right mind. BEAUTIFUL DREAMS. At 10:30 p. m., two of the girls, who occupied the same room with Miss Potts, returned from the concert and, bursting into the room, aroused the sleepy Helen from what they thought was a deep sleep to tell her of the good time they had enjoyed. She aroused herself drowsily from her sleep, and stretched forth her hand as if still in the land of dreams, said to them : "Oh, I have had such beautiful dreams ! such beautiful dreams ! I could dream on forever!" Then she sank back upon her pillow and let her eyes close slowly, dropping again into the blissful dreams of death. Her companions gave her a good night kiss and gently folded the arm extend ed over the edge of the bed, and then proceeded to prepare for bed. It was half an hour before they were ready to turn off the light, and just as the room was plunged in darkness they were startled by moans, which came from the corner where Helen's bed was. A light was struck, and the two frightened girls bent over their com panion's flushed face. She was toss ing on her pillow and nervously fin cerinsr the lace ederes like one who is preparing for death. Thoroughly j bridge over the V abash, the tracKe frightened, the girls rushed down the j describe a semi-circle at the midway hall to where Miss Day, the principal, point of which the union station is lo slept and aroused her. Miss Day im- t cated. When the engine struck that mediately rang for messengers, and in ! sharp curve, it left the track, followed a short time three physicians, Drs. j by the cars in an awful swirl, and thej Fowler, Baur and Kerr, were striving j piled upon each other 100 feet away, with all their skill and might to save the i after crashing through the train shedf young life. or eleven hours they worked her companions looked on with frightened j looks and streaming eyes, but to no purpose, as the rosy cheeks paled into gray, and finally took on the grim, blue tinsre with eves that shrunk into the head as if the child had suddenly added a century to her age; at last! they gave up in despair and sadly t waicueu nei; pa:s away into tne Scp that knows no awakening. . The suspicion that Harris had killed the girl did not arise immediately, their relations being unknown at the time. The fact soon developed that they had become secretly married, that Harris had grown weary of her, and being a medical student with some knowledge of drugs had administered poison to her under the pretense that it was a harmless medicine. Crop Outlook in "orth Carolina. The North Carolina department of agriculture reported Monday that the j drought, not as yet dangerous, prevaila r all over the state ; that cotton is nearly j all planted; that the frost .of April 21U has done much damage to fruit in j western counties, and that the supply j of tobacco plants is plentiful and nearly large enough to transplant. The in-!( crease in cotton acreage this year j planted and the use of commercial f er- tilizers this season is much larger, but j this is because it is being used on poor j land, while-the best land is everywhere f being planted in corn, which will oe s very great crop this year. A FRIGHTFUL WRECK On lie M Four Road Caused ly Defect iie Air Brales. Ten lien Crashed to Death and Many Others Badly Injured. One of the most horrible erects in the history of railroading occurred on the Big Four road in Lafayette, Ind., at 1 :15 o'clock Sunday morning, as a result of which ten men are now dead and many more injured. The train was the east-bound passenger, leaving Chicago at 9 o'clock p. m. The acci dent was caused by the failure of the airbreakes to work. The engineer un doubtedly discovered this before reaching' the cut beyond the "Wabash river, as vigorous whistling for brakes could be heard when the train was still a mile west of the city. The en gineer's desperate effort to stop the train was shown by the large amount of 6and thrown by him on the bridge through which the train came just before the fatal crash. The en gine dashed out of the bridge over the Wabash river at a speed not less than sixty miles an hour, crashing into the depot building, carrying off a portion of the depot and train sheds several hundred feet, the engine when it left the track being followed by the bag gage car, two postal cars and express car and piled in one promiscouus mass, a total and complete wreck, burying a score or more of victims in the awful pile of debris. The trucks of the first day coach were drcged out and the side of the car knocked into fragments, but no passengers in this car were in jured. The chair car and two Pull man sleepers remained on the track. The wreck was a most complete one, the engine and cars being torn to pieces and piled up together with their contents. N A large crowd of citizens gathered very quickly at the scene of the dis aster and assisted in rescuing the vic tims, and a large force of local physic ians gave the necessary attention to the wounded. Several victims of the wreck were persons standing in the depot waiting for the train. A hack man, a mail cart driver and passengers were struck. LIST OF DEAD. Michael Welch, engineer, Indian apolis, frightfully mangled, head crushed, limb torn from body, found under the engine ; fireman Mclnnis, of Indianapolis ; E. D. Myres, of Lo gansport, mail clerk ; Mr. McMahon, of Cincinnati, express messenger ; A. R. Chadwick, of Cincinnati, mail clerk ; Charles Meyers, of LaFayette, hackman ; John Lennon, of LaFayette, mail cart driver; Jesoe H. Long of Lebannon, Ind., mail clerk; Charles S. Cahill, passenger, had just bought a ticket to Indianapolis. ; Otto Gessel son, Alhamhra hotel, Chicago. Passengers going to the train were frightfully crushed and mangled, limbs being severed iu several instances and heads and bodies terribly injured. The list of injured is a large one and sev eral more people may die. The wreck was caused by the failure of the airbrakes to work properly. High bluffs rise on the west banks of the Wabash, just opposite the city, and there is a long and steep grade at that point. The ill-fatM train must have been a mile up grade from the river when the engineer made the discovery that there was something wrong with the airbrakes, for he began to shrilly blow the whistle for handbrakes. The speed, had by that time increased so terrifically, however, that its control was beyond human agency. With almost lightning like speed the engine dashed around the curves and across the long bridge, although the man at the throttle had reversed the machinery and immense streams of fire were being dashed off from the driving wheels running in an opposite direction to that of the swiftly flying cars that followed. J ust after leaving the east end of the long ana cringing aown ions oi i iron to add to the terror of structural the situa tion. GERMAN ARMY BILL Defeated and the Keiehslag- DissolYed. Great Excitement. A special cable dispatch from Berlin tays: The army bill' was rejected in the Reichstag Saturday by a vote of 210 against 1C2 in favor of the bill. The rescript signed by the Kaistr dis solving the Reichstag was immediately promulgated and the Reichstag was dissolved. Immediately upon the re sult' of the vote being announced, Chancellor Caprivi read the imperial niestagj decreeing the di&jx lution of Beichstae. The social democratic j members of the Reichstag displayed wildest enthusiasm over the result. ! They hurrahed repeatedly, following cheer with cheer. Great 'confusi3n ftnt uproar prevailed m the house, and public excitement is at the highest pitch in Berlin. Miners on a Strike. Twenty thousand miners in Ohio went out Monday, the men having struck for an advance of 5 cents per ton in tho price of mining. Every mine in the Hocking valley is closed. Twenty-five hundred miners put down their picks in the sixth sub-districts of which Belaire is the centre, and two thousand men in the twenty-six mines of the Massillon district did the same. A irrwMltl from TiTairt rat thai monr I operators in that vicinity are willing 1 to grant an advance. JERVEY TO TILLUAN. the Solicitor Claims tbat He Cannot Ltgallj Prosecute the Lynchers. The following is a copy of the letter sent by Solicitor Jervey to Governor Tillman Saturday in reply to Tillman's letter instructing him to Prosecute the Denmark lynchers. f t r acknowl edging receipt of the governor's letter, Solicitor Jervey says : "All lawful directions emanttinj: from lh extent -e .11 bo folly and e&roetlr carrfrl out by me. Sat in & matter of such importance iti br. th t your directions conform trictlv to law. xiifT is no provision of the law which won d authorize me with, or without, your sanction, as solicitor, to go into a no her circuit and assume the enforcement of tbe criminal law there. Section Ml of the general tatutcs under which I anmn you act iu this matter authorizes th gorernor to direct the solicitor assist the attorney general or each other in ail suits or prosecutions m behalf of the ttate. The section clenrly contemplates that a i-oliei'or so directed mast be associated with, not supersede, the constituted repreaeu tatire of tLe state in the circuit in some suit or proBicwion there poudiug. I msatu.fiei that under ihis action he would not be author zed to t ie original proo?edinss, and thet an ind ctment presented by him would not be vilto. Whenever the solicitor of the tecoud circuit shall hare performed his functions of the law, and a prosecution hss been l.esun in.Barnwoll county, should you Ihink tint the interest of the state would ba subterre I by my j resence I ball promptly obey the dir ction t f your excellency. Thi duty is oue of grave responsibility, neither to be sought nor evaded, and I shall devote to its proper execution all the ability and earnest at my command. THE G0VEBX0B8 REJOINDER. Governor Tillman replied at once to the letter of Solicitor Jervev, in which he says: "While it may be presump tion in me, a layman, to construe law differently from so distinguished an ornament of the bar as yourself, I in sist that you are 'splitting hair so to speak. You will not assert that the disability of the solicitor of the sec ond circuit paralyzes the law, or deny that the judge can appoint a solicitor pro tern, and the technical language 'to as sist the attorney general or each other cannot be construed to forbid an in terchange of work or swapping places by the solicitor, even to. take original precedence.' I still hope that you will waive your own construction and leave it to the court to pass on the le gality of such proceedings as you may take in prosecuting the Denmark lynchers. Of course, I have no power to force you to perform the duty, which I thought would be pleasant to you. If you still refuse the matter must be left with the judge when court onvenes." ALMOST A FAftlC. Four Big Failures in One Day on Wall Street. A Hew York special says : Shortly after the opening Thursday morning the market was thrown into a condi tion of a panic by the announcement of the failure of Henry Allen & Co. and B. L. Smythe & Co. The liquida tions were enormous, especially in such stocks as the firms were supposed to be in the excitement which prevail ed as block after block came on the market was compared with the finan cial quotations of Wednesday. After an enormous shrinkage suffi cient buying orders appeared to rally prices. ; National cordage preferred rose 5 to 7, and others improved to 3 points. FOUR BIO FAILURES. Messrs. B. L. Smythe & Co., bank ers and brokers, of No. 51 Exchange Place, announced their inability to meet their pecuniary obligation and suspended payment. The Messrs. Allen & Co. assignment was made for a benefit. The failure of G. R. Wilson, of CO Broadway, was announced at the Con solidated exchange shortly before noon. The failure of B. F. Bear Jsley was also announced in the Consolidated ex change. At a later hour Scuyler Walden, a stock exchange broker, announced his suspension. SUNDAY AT THE FAIR. The Gates Were Closed Except to Those Baring Passes. A Chicago dispatch savs: Tho rule I to close the gates of the world's fair on j the seventh day was rigidly enforced Sunday, so iar as the ticket-pur chasing public was concerned. The fortunate hands who held passes, were admitted, however, and allowed to wander about the grounds at their will. It was a beautiful day and hundreds of workingmen, some of them with fami lies, went to the fair grounds under the apprehension that the gate were to be oien, and when these toilers were turned away, they were left in Any thing but a good humor. It was high ly aggravating to them to see the fa vored hands, even thousands enter the grounds' on lessen, while they who worked all the week were excluded. The validity of the law of congrewi closing the gates is to be tested in the courts. THE LIBERTY BELL. The Famoos Old Belie of Independence Shipped to Chicago. The liberty bell was lowered from ita position in Independence hall at Philadelphia, Saturday, and on Mon day it was placed on a truck specially constructed for the purpose and es corted by Philadelphia's contingent of the Pennsylvania National Guard to the Pennsylvania railroad pepot. The train bearing the bell and escort left lor Chicago Tuesdav morning. Specie Movement. The imports of specie at the port of New York for the past week were $42,411, of which $33,265 were gold and $9,1461 silver. The export of specie from the port of New York for the week $l,237,471.of which $528,184 was gold and $709,287 silver. Of this amount $o0S, 102 gold, and $C86,G08, silver, went to Europe, and $20,082 gold, and. $22,569 feilver went to South America. TELEGRAPHIC . GLEAlflllGS. ' T - TIB News of tiift World Coniensei : Ma f Pithy ana PoiMei Faragrap Intertstlnsr and InstrncllTe to AH J Classes of Headers? Mrs. Elise Depew, wife of Chauncey M. Depew, died at her residence m New York city at 12 :30 o'clock Sunday afternoon. . ' , A Boston, Mass., dispatch says: The Episcopal convention, Thursday, cht so Dean Lawrence, of Boston, tho broad churchmen's candidate, as bishop of, the diocese of Massachusetts to succeed the late Phillip Brooks. Advices of Saturday from New York, state that the total visible supply of cotton for the world ia 3,683,306 bales of which 3,108,106 is American, against 4,116,911 and 3,452,711 re spectively last year. Receipts at all interior towns,13,351 ; receipts at plantations, 9,874 bales; crop in sight, 6,228,674 bales. Two men were killed and one seri ously wounded Thursday morning by the explosion of a piston head in the shops of the Cincinnati Southern rail way at Chattanooga, Tenn. The dead are John Quigley, white, and Will Peak, colored. Jesse Biles, white, will probably lose his eyesight. The causo of the explosion is unknown. 1 The Chicacro citv council JLMjonda-r night passed unanimously'a resolution deciaring for an open Sunday at tho world's faiT grounds, and, as represen tatives of $5,000,000 worth of stock in the world's Coluiifbian exposition, criticised the financial v management which closes the gates one day out of 6even. ' Judge William L. Niblack died at his residence in Indianapolis, Sunday, ' aged seventy-one yoars. Judge Nil lack served fourteen years in congress and twelve years on the supreme bench, where his decisions attracted the attention of the bench and bar of the whole country -for their clearness, . conciseness and strength. General Manuel Gonzales, ex-president of the republic of Mexico and governor of the state of Guanajuato, died Monday afternoon. He was born near Matamoras, in Tamaulipas, in 1820. He was the possessor of great personal courage, which was largely instrumental in securing him a consid erable following. He was president from 1880 to 1884. Lieutenant R. T. Peary left Phila delphia Sunday for St. Jones,. N. F., to complete his arrangements for the vessel to take the exploring party to Melville bay.. The party will be com posed of ten, seven of whom have already been chosen, and the route will be the same as that followed by the way of New Foundland, Baffins bay and Whale Island. By means of raising small cer tified checks to large amounts, a clever forger Thursday swindled three banks Of Kansas City, Mo., out of $4,600. The victims are the Metro politan National bank the Citizens Na tional bank and the Midland National bank. The forger gave his name as George B. Norton, but his identity is not known and no more trace of him has been discovered. A dispatch of Thursday from Cleve land, O., says: Coal has been scarce at Ohio ports for . several days and boats have lost much time in getting full loads. But matters will be eren worse for the next week' or ten days. All the Ohio miners quit work Monday, and while it is not expected that the strike will be of long duration, it will take at least a week to settle it and in the meantime vessels will have to lie still at present. Joe Jefferson, the actor, was taken suddenly ill at Cincinnati Friday with a severe attack of gastritis. He partly recovered and in the evening played "Rip Van Winkle," to the end, but his lines were cut somewhat. At the close he was almost exhausted and was immediately taken to his hotel. Sat urday morning his physician stated that it would be iniio8Hible for Jeffer son to appear again and arrangements were made to take him to New York. PAY AND IIARCH. The President f Wot'd' Fair Decides a Knotty Piobleni. A Chicago disp'atch of Friday says: Those who were afraid that Chief Burn ham's Guards would raise a row if at tempts were made to parade through the fair grounds, were relieved xttek day when President HigginbotbaiA gave it out that any body -of men, no matter how large, would Iw; permitted to march irisidj the big fence, provided they had paid their entrance fee. Consequently the commtrcial travel ers, who- intend to bring one hundred thousand men to the fair, and the Cath olic Knights of America, together with th foreign countries j.u vari ous state can proceed with their cele brations. EIGHT PEOPLE CREMATED. A Town la Poland TIsIted. by a Be at met! re Fire. A cable dispatch of Friday from Vi enna, Austria, says: The town of Ko woai, in Poland, about eightv miles south of Warsaw, has been visited by a destructive conflagration, resulting in the loss of many lives. The town has a population of between three or four thousand. Fire boko out, and spread rapidly, consuming 116 houses, including the infirmary and asylum. o less than eighty persons perished m the calamitous visitation and three hundred families made homeless as well as destitute.
Salisbury Globe (Salisbury, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
May 11, 1893, edition 1
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