Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1882-08-24

and blood-stainad parties and
keV. JOHN Russe!, of Michigan. was
elected temrorary chairman. He also
spoke favoring grand National Prohi-
bItion party. Phoebe COZzens, of ST.
Louis. and Mary B. Willard, Secretary.
Mr. Young, of Iowa. representing one
OF three Iowa delegations, asked if dele
gates not committed TO A third party
movement thoughin foil sympathy with
prohibition were to be excluded. Their
delegates wanted to know before sub-
mitting. their credentials. II barred out
they wouid go 20 work ON their own
earnest lines. The chair said those would
be barred out who had not abandoned
affiliafiOn with Democrats. Republi-
cans. Greenbackers, or any other partv.
that had at all declared in favor OF legal
prohibition of the liquor traffic. The
committee on credentials then named
Mrs. j A. Brown, and Rev. Arthur Ed
wards delivered All address of welcome,
and j. b. Finch, of Nebraska. respOn-
ded. Recess was taken until . y. m.
In the afternoon the convention reas-
sembled, and the Committee on Per-
manent Organization not being ready
to report, addresses were made ON the
condition of the prohibition cause in
the varlous States. Among the speakers
were Miss Francis 4. Willard, of ILL.,,
Mr.. s. Wood, Of Iowa; DR.. G. Heirs. of
ky.: d. s. Antherly, Of Minn.; WA
Plumb. of No.; Miss Phoebe COusens, of
No.; Geo Balm, of ky.; and Mira. Ellen
Foster of Iowa. The latter said iowa
would surely and rigidly enforce pro-
hibitiOn, and that Dakota would be pro-
hibitiOn "a soon as admitted to the
Union. The Committee ON Credentials
here reported the names of all delega-
tons present, making 34l members ut
the convention, but only allowing as
many votes to be cast on important
questions, as each has Congressional
district. The Committee on Resolutions
was appointed with j. Tanner as Chair
man. There was considerable animated
discussion over the proposition to add
Miss Willard to the list Of the Commit
toe ON Resolutions. She was finally
added, bat all other women were ex-
cluded. Prof. Schmidt of Lake Forest
made ringing speech logically arguing
that the German citizens need only pro-
per organization to bring them into the
ranks cf the Prohibition Party. He
said: 81 believe in five years all Ger
mans in tho northwest will favor pro-
hibitOry amendment to the COnstitu-
ton. The COMmitteo on permanent orr
QaniZatiOn here made its report which
wss adopted. President d. j. KanOus;
First Vice President, James Roberts;
and ono Vice President from each State;
Secretary Of the Navy Lathrop and Mary
A. Woodbridge, Secretaries at large.
Ringing speeches were made.
A virlueus stock Dealer shown Up.
New YoRx, Aug. 3.-The excitement
in pOlitical circles over the so-called
revelation concerning Gov. COrnelfs
stock operations continues, and news
papers, especially the Herald, are doing
all they can to aggravate tho matter.
Gov. Cornell was an Otticor of the A. ID.
I. Co., and according to the statement
took advantage Of his position to form
blind pool for the disposal of q large
holding of stock. Governor Cornell
was not alone In the scheme, having as
sociated with him such men as Gould,
Sage, Sidney Dillon, Galloway and
others. who largely control the stock
market, and can influence the market
any way they desire. The men were to
become responsible Tor the stocks, ana
share the profits of such sales as Cor
1
| the affair, It has become necessary to
make sale of the A. d. L. stock, as a
new company was being organized, and
the stock of the old one was likely to
decline in price in consequence. There
fore, how to get rid of the old stock at a
fair profit was the question. Governor
Cornell organized blind pool, 1t ia
stated, and capitalists, of course, were
prompted to aid in the scheme because
of their appreciation Of the fact that
they were likely to reap rich harvest
of profits as we'll as would Cornell, came
to the front handsomely. The par value
of the stock Was then $25. II was quo
ted Mt $50, and the price at once " mt
up to $40 in the market. This gave the
value per share Of xS2, as the stock is
quoted on change OF basis of 300
par. When it got into the vicinity of
&79 the Governor is said to have un-
loaded, and put ont big lot of shorts.
Then the new company came MP, and
A. ID. 4. dropped to $50, and has since
gone much lower. How much the Gov
ernor cleared by his short sales Mt $79 ia
not known. bat he being evidently n
good financier, il is.to be presumed he
cleared handsome returns. One trouble
apparently with the associates of Gov
ernor Cornell in the blind pools, is that
they did not receive the share of profits
in the operation that they believe be-
longs TO them, but this is not the prin-
cipal cause for the statement relative to
Cornell. His course toward the elevated
railroad tax bills, AZ well rs his course
in the blind pool, arc the chief reasons
for the desire felt to kill of the Cover
nor in his attempt to secure a renomi-
nation. The men to do this are Jay
Gould and Roscoe Conkling: Gould be-
cause the refusal to veto the tax bill
took so much money out of his pocket.
and ConklinQ because he has score to
settle with Cornell ON account of the
latter's course In the Senatorial contest
Of year ago. These two men then are
placing themselves in front a. virtual
directors of the Republicans of New
York State. Gould also sees ahead and
mo- doubt desires to have his potency felt
in the choice of the New York Railroad
Commissioner. which the next Cover
nor will name. These considefption
have much to do with his present course.
Il ID moro than likely, however, that ru-
raj voters, who do mot want 10 be cheat
ed with their eyes wide open. will take
pains to elect delegates TO the county
convention Who fairly represent the
sentiment Of their districts. So far the
endeavor to injure Cornelrs ehancee
have not gone, Il In safe to Say, beyond
Newspaper agitation.
No0hnallous.
SrRrNorrErp, O. Aug. 3-The Demo
crats Of the Eighth District nominated
Gcn. ]. II. Young for Congress
FRExoNr. (O.) Aug. 2.-The Repub.
licans Of the Tenth District nominated
Hon. Charles A. King for Congress.
Press Gang ea . Tramp.
CmcAao, Aug. 3.-About LEO mem
bers Of the Can@lian Press Association
arrived this morning. They represent
all sections of Canada, several being
present from Halifax. They 90 to Win
uipsQ tomorrow BY the Albert Lea Road,
and will visit several Of tho large places
in that section. AZ Winnipeg they will
have reception on Saturday.
Ra1lseoA ArsaAge0enG.
Bosrox. Aug. A-The Chicago, Bur.
lingtou q Quincy dirsstors have de-
clarsd . two pef ssut. quarterly civi-
dend. The Company has made trAf1e
vn.vamA.n nth tia DonVeP u RiO