Daily Los Angeles herald., 1884-05-23

10 one Of the most dangerous to the com
meree Of the country. arises In two dis-
tsnet ways, each OF which requires sspa-
rate consideration. The first is the
power which the telegraph companies
themselves have Of manipulating news
for sinister purposes; and the second Is
the same power possessed by the
Associated press and other similar
associations, not themselves own
ing telegraph lines, bat making special
contracts for the transmission OF tele-
grams over the lines owned and managed
by Others. 1t will appear that the
power of the telegraph companies in
this respect will be entirely taken AWAY
by the pending bill and that the power
Of the Associated Press and similar asso-
Citations will be greatly reduced.
The Report says the constitutional
right Of the government to establish a
Postal Telegraph Ia undoubtsd, and that
there are obvious and sufficient answers
to the objection that such line will op-
crate injuriously upon private tele-
graphs.
Another Cali for Bonds.
WAsnIsaroN, D. G., May 22.-Secre.
tary Folger has issued the l28th call for
the redemption Of $40, 100000 OF 3 per
cent. bonds maturing June 30th.
US. Grant. Dr.. Gone 20 Canada.
New YoRK, May 22.-Rumors were
floating on Wall street this afternoon
from reliable source that U. =. Grant,
Jr, had left for Canada.
Aunshsr amsnewsanw
New YoRK, May 22. e. II. Shaw's
suspension was announced at the Stock
Exchange.
sterling. Exchange and Bonds.
NRw YoRK, May 22.--Sierling bills
on London, 60 days. Si.S5; Sterling
bills on London, sight drafts, StS7; U.
s. AIS of 1891, interest quarterly, 81. .l2t;
U. 5. 4s, 1907, interest quarterly 81 20t;
u. s. 3s, optional. quarterly. S99t;
w. U. Tel. .53s.
The Metropolitan Banks Affairs.
NKw YoRK, May pa report that
the Metropolitan Bank will be woundup
was current to-day. The officials know
nothing Of this. although the Directors
state that the question is one 10 be dis
cussed in the future.
DonnelI, Lawson 4 Simpson, IL il
have received dispatches from
creditors TO the effect that any compro-
mise proposed by them will be accepted
on receipt Of the necessary papers, which
have been sent. II looks Us II all the
firms creditors will accept the terms
offered.
Ward In Ludlow street JaIl-Ru-
mored flight OF Grant, Jr.. De-
MED.
New YORK, May % Ferdinand
Ward, after spending the day in endeav-
oring to find $500. 900 bail, was taken to
Ludlow street Jail tonight and lodged
in cell there. lie refused to see any |
person.
Gen. u. 8. Grant stated tonight that
the rumcr that his son, U. s. Grant, Jr.,
had fled to escape arrest, was wholly |
without foundation. HIS son had gone
this evening to Morristown, NJ. where
no lives, and would be at his office at the |
usual hour tomorrow morning. Both his |
sons, the General said, were in town |
mi intended to remain here. They |
iluu uO IuUuty " utdhG u W Saih-
do. even II they wanted 10 go there.
He was very indignant that the report |
had been circulated, or that credence
had been given TO it.
Mexican News.
GALVESTON, Tex, May pa Neos
Laredo special says: No confirmation
can be had here Of the revolutionary
outbreak at Linares, Mexico, which is |
about forty miles southeast of Monterey. |
The only report that has reached here is |
to the effect that great c0nfiagration |
has prevailed nc Linares, Monterey and
An influential journal. in an
upon the present state Of affairs |
in Mexico, closes with this significant
sentence: "It is a functional law of tho |
Nationalist that excessive tyranny will |
sooner or later produce liberty. Do you
that our final destiny is to |
become Yankee?"
The Heaviest Rain Ever LnOwn,
GALVESTON, Tex. May l3.-Specials to |
the News from all points OF the State in
dicate that the recent rain was one OF |
the heaviest known in Texas. In por-
tiOIlS ~ uub never Detn suTpd5>tu Ill ibS |
history. 1t is thought l5O miles of the
Houston and Texas Central track is un.
der water of an average depth Of nearly
three feet.
Danvllle Reclaimed.
DANvILLE, Va, May %. Tho eleciin n
passed off without disturbance. The
or white party nominees,
were elected. Captain Graves beat j.
II, Johnston, present incu n bent, for
Mayor by 402 votes. About seventy
negroes voted the Democratic ticket.
One hundred did not vote. Governor
Cameron said pleasantly that he re-
ceived carpet bag full Of letters about
sending troops, aud had come to see for
himself and was pleased with the quiet
and order. Mayor Johnston was hanged
in etiigy. There was torchlight pro.
cession tonight.
Victory In Virginia.
PETERsBURoH, Va, May % The
general ticket is elected and
the Republicans carried every ward in
the city except one. United States Sem
ltor Malone was serenaded.
A Heavy Mortgage.
New YORK, May 22-Amos r. Emo
has mortgaged the Fifth Avenue Hotel
property to the Mutual Life Insurance
Company for 81, $50, 900.
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