Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1884-05-18
EASTERN NEWS.
The London View of the
New York Crash.
EIGHT MILLIONS OF LEGAL TEN
DERs SENT TO NEW YORK.
New York Financiers Say that Gradual
Improvement is Certain.
SENATOR cHArTCC MADE PENNILEss
BY YOUNG GRANT.
A weighmaster Arrested for Defraudine
the Missouri Pacific.
A MOB HANGS THREE MEN FOR THE
MURDER OF YOUNG WARD.
A weighmaster Arrested for Defraudine
the Missouri Pacific.
A MOB HANGS THREE MEN FOR THE
MURDER OF YOUNG WARD.
ESPECIAL TO THE sEHrINEL.l
London View Of the Crash.


London View Of the Crash.
LONDON, May 1.-THE News says the
American Treasury, which is the ultimate
holder Of the American reserve, is well
supplied with cash. This ought to check
the panic. All accounts show that millions
of English money are being thrown into
American stocks. During the past three
days inconceivably large purchases have
been made through brokers. Capitalists
have bought a great block OF American
stock, and innumerable small investors
have made limited purchases. Other &c.
curities are somewhat depressed because 30
many people are anxious to realize in
order to exchange for American stocks.
Liquidating.
New YORK, May 1.-THE run on the
Howard Savings and Dime Savings Banks
here is continued. The managers are
ready to pay dollar for dollar. Hatchkiss
& Burnham say they have liquidated over
81, 900 900 indebtedness. The firm will
resume as soon as other firms make their
statements.
Two Millions Underneath.
New YORK, May III. Steelman, mer-
chant, assigned preferences for $4,000.
Benner d Pickney, shipping merchants,
assigned preferences for $40, 600. Assignee
Wellmans states that the liabilities Of
Donnell, Lawson & Simpson is 5000, 900;
assets exceed liabilities by 81, 000, 900.
A Ruu StODDed.
New YORK, May 1.-THE run on the
Brooklyn Savings Bank is ended. Seney
conveyed his Brooklyn mansion to the Met
ropolitan Bank to-day for $75, 1000, and
other property for $4,000.
Help from Washington
WASHINGTON, May 1.-THE Treasury Of
the United States forwarded eight millions
of legal tenders to the Assistant Treas
urer of New York for use in case Of neces-
sity.
Substantial Confidence Restored.
New YORK, May 1.-THE morning
passed quietly. Confidence seems restored.
There is no trace Of excitement, and affairs
are progressing in q fair way toward a
speedy recovery in values in stocks. The
advance this morning was well maintained,
the movement being merely checked at in
tervals by the usual sales of small holders
TO secure a profit. The bank statement
was favorable, showing an excess above
legal requirements of over So, 000, 900. The
opinions Of leading ~financiers is that a
gradual improvement is certain. There ia
no danger of another backward step.
Chicago Steady.
CHICAGO, May Ito A. M.-The mar
kets are steady this morning and moder.
ately strong.
Senator Chafree Penniless.
New YORK, May ia special to the
World from Washington says: A friend of
Senator Chaffee, who is in Washington.
says that Chsffee was one of the greatest
sufferers by the failure.of Grant Il Ward,
and that he lost every cent of his available
Last year he considered him
self worth nearly So, 900. 900, of which ST.
600, 900 was in Colorado properties, which
have since greatly deprecated and are not
now marketable. At the time OF the mar
riage of his daughter Buck with Grant, he
had So, 900, 900 in cash securities. When his
daughter married, he gave $400, 900 in
bonds. These were all put into the firm Of
Grant Il Ward, and every dollar Of them is
lost. Chaffee himself, in street specula-
tons during the past year, lost 500, 900.
A month or six weeks ago he had $500, 900
in cash securities, and just before he made
his last visit to the West. he took his
money and gave il to his SON.
in-law to keep for him during
his absence. It was not an invest
ment, nor was 1t for the purpose Of
securing any Investments. 1t was simply
deposited with young Grant as q trust dur
ing the brief absence Of the ex-senator.
This money in some way reached the
hands Of Ward and was lost. Chaffee is
practically penniless and in the most
wretched state Of mind. This friend Of
Chaffee says it Ii by no means believed
that Ward could have lost the large sums
charged up to this failure. He believes
that two million would cover the legiti-
mate losses Of the firm and hints directly
OF very ~scandalous Developments which
will result from a very rigid investigation
Of what Ward has done with the money.
McGinnis I'm q Trap.
ST.. LOUIS. May 17.-Frank McGinnis,
Weighmaster of the Missouri Pacific. has
been arrested charged with d~efrauding the
railroad company by q system Of false
weights, dividing the difference with ship
pers. He had q partner named j. 8.
White who looked up business, and, il is
asserted, that quite Q number Of shippers
are involved in the fraud. White, also,
has been arrested and has confessed
enough to reveal the whole scheme. 1t is
said that n Of the largest lumber firms
here saved over $1,000 in freight during
the past nine months by getting short
weights from McGinnis. The railroad
company claims to have lost large sums Of
money by the frauds. McGinnis was con-
nected with the defunct Hibernia Savings
Bank OF this city, and indicted for en-
bezzlement in connection with its affairs.
McGinnis denies the charge against him.
Presbyterians I'm Council.
SARATOGA. May lin the Presbyterian
assembly a committee was appointed to
prepare 0 memorial on the Rev. W. G..