Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1884-03-16
EASTERN NEW 5.
.ssoc,,rpp PRESS DISPATCHES.


A-SONh'i
Railway Rum~rs.
C.,c,co. March 1.-THE Tribune this
,;no ,ntimates that the Northwest
~ Railway Company contempiates
c,ailaIlinp the Union Pacific IVES! "a
To-, by the extension of the Sioux
a.. and Pacific division. General nan-
-, Hnphitt characteriZas this "a pure
fiction. and having no foundatisn oi
any character.
Lafayette.
Nvv YORK, March 1.-THE Grand
c.uomandery of the Knights Iempiar
Lii an Decoration day adorn the staiu-
otIafayelte in Union Square, In homo
~ tina, p,triot's visit here sixty years
sao and his being mad, knizh. Ten
plar.
weekly Bank statement.
Weekly bank statement: Loans in
creased. $2.59,00O; reserve dscrease.
a. I65 600; banks row hold $3.50, 90
in excess Of legal requirements.
A Visionary scheme.
Nav YORK. March 1.-THE World's
Washington special says: General lhrIe
ia here. trying to get up company for
connection OF the Northern Pacific ROAD
nth Alaska. He says the mining re
g;ons apd the fur trade of the section
70 be opened up by this proposed line
vonld fully warrant its construction.
He also believes that a system of snow
.heds can DO devised by WHICH the
tracks can be protected from heavy
snow falls Of severe winter. He says
the Russians are already beginning to
cross Siberia with railroads. 1t is only
a question of time when st. Petersburg
viii be connected by rail with the colst
at Behring's Straits. China will IN time
have a railroad line along the eastern
coast line Ihrie would have huge ferry
boats connect at the narrowest point OF
Behring's straits with the two railroads,
when the water was open.
or interest % TPanscOntinental Men.
New YORK, March l4.-Today's Times
has the following details: A long legal
opinion has been procared by some
credit ors Of the Oregon and Transcon-
tinental Company. 1t holds that the
stock holders are liable for the debts OF
the company to the amount OF 1875 per
cent unpaid on original subscription.
The creditors claims are grouped into
eight classes, IA follows: Holders of
collateral trust bonds; syndicate oredi-
tors, who have loaned *9,2OO,0oO on col
lateral: the claims of the stockholders
and bondholders of the Oregon and
California, on account of its lease: the
claim of the stockholders and bond
holders OF the Oregon and California
for damages for non completion OF Its
road according TO contract; the claims
OF sub-contractors and material men;
the claims of holders of branch bonds
not placed as collateral for the ~ &c.,
600 loan, for whose interest for two
wears the Oregon and Transcontinental
il liable: the bonus of 100000 due the
$3OOO,0OO syndicate; floating indebted
ness. All these claims, the opinion
reads, cannot be paid in full. Those of
the syndicate are preferable, as they
are secured by collateral. The remain
ing seven classes of creditors will nave
To fight among themselves for what they
can get.
Victims Of the snow slide.
SALT LAKE. March l5.-One hundred
men returned last night from Alta with
the bodies Of the snowslide victims
killed last Friday. They dragged the
bodies nine miles on hand sleds. Only
eleven bodies were found, and one Is
still missing. Fifteen hundred people
viewed the remains. All tho bodies
presented sigi.s Of a desperate struggle.
AZ they were badly bruised and mutt
lated.
Rise In West shore Bonds.
New York, March l5.-The rise in
West Shore bonds is attributed to re-
port that the terminal bonds WI | not
be offered for sale for year to come,
and to the fact that OK President Os-
borne. of tho Illinois Central, ana
friends have become interested in the
property.
The ~. Louis Express kObbrr.
ST. LOUIS. March l5.-Prentiss Teller
the Pacific Express Company robber, IL
still housed at the Lindel Hotel IN
charge Of an express official. de con
tinues to aid them in strai1 hteuing up
the books and accounts. lie will he
turned over to the police this evening.
Teller states positively that he will
plead guilty, and not seek to avoid pun
lshment.
The Cattle Plague.
NEosHA FALLS tkansss), March ID
Several surgeons, representing import
Ant cattle interests, both T. tst and West.
have arrived here. They all pronounce
the disease genuine epi.otic dpthae be-
yond doubt, and are confident that It
can be easily and wholly Gbated by the
destruction of the infected herds.
Panicky Feeling In she Coffee Market
The Coffee Exchange reports n pan
icky feeling, and futures are down fo5
since Yesterday. Wolf & Seliahsbury
and Kisly have suspended. The liablli-
ties OF the firms are placed At from two
10 three millions. The coffee market
went of fifty to seventy points.
Today WAS one of the most exciting
ever seen in the coffee trade. sales of
l52,OOO bags were bulletined, but this
did not represent the real magnitude OF
the business. siace it is probable that
the sales were muoh nearer 2Oo,OOO bags.
The market was panicky and irregular.
beginning with drop of from 20 t. 30
points at the first call, due to sOms de-
preston in Havre. The downward
movement was given fresh impetus
when two failures IN the trade we're an
nOunced. The decline then became "A
panic. A scene of wild excitement then
snsued. and March delivery soon fell to
~. a drop Of So points compared with
the closing figures of last night Other
options suffered quite AZ severely. Later,
when il WAS seen that the shorts were
covering freely. there WAS recovery,
but the closing figures nevertheless Gen
sidsrably below those Of last evening.
l.. s. Riley sent notice to the Exchange
OF his inability to meet his engagements,
and said they were small. but he could
give no exact information. Woln *
Seligsbeing alss announced their inabil
ity = fulfil contracts. They are said TO
have been carrying from 10000 To 2oo.-
OO bags for firms III Rio de Janeiro who
had not responded to calls for more
margin, and this was possibly due TO
the fact Of the cable not working we'll.
Meantime they decided to put up mar.
gins on their own account. 1t Is said
in the trade that *20O,0O0 will cover tue
liabilities. The wild rumors of the day
created panicky feeling and placed
liabilities among the millions. The
firms involved were agents of heern.
Haynt d Co. of Rio de Janeiro, and
were recognized leaders of the great
bull movement in coffee iHaugurated =
year ago. This year the Costa Rlca COT
lee crop will reach 5000 bags.
Ga wall street.