Daily Yellowstone journal., 1884-05-16
rELEGRAPHIc POINTERS

The failure of Fisk d Hatch yester.
day did not cause repetition Of the
excitement caused by their failure in
'73. The writer stood in the Stock
Exchange when their failure was an
nounced by the president at the time
Jay Cooke q 60. failed, and pande-
momium like that which followed IL
seldom seen on earth. Men of iron
wills threw up their hands and tore
their hair rs they realized their finan-
cial destruction. Yesterday, however,
the strong arm of Uncle Sans treas
ury had been raised 10 avert disaster
and the announcement of failure fell
with less force. The easing up of the
excitement indicated by our kilograms
will be read bv all with feelings Of sat
isfaction.
The mayor and comptroller of New
York virtually appointed the Grant 4
Ward receiver. Werd has gone over
his private accounts aud made fur
ther arrangements to facilitate the de-
livery OF his property to his creditors.
He has made second assignment
which will result in an ~ uitable divi-
sion of his property. He will be pen
niless when his affairs are settled and
il is likely he will go to BIZ brothers
ranch in Colorado.
The effect of the New Yorl: failures
In st. Paul was comparatively slight.
The only bank In 1t. Paul do ng bust
ness with the Metropolitan was the
First National, and It's Officers say
that their loss in any would be small.
as at present their New York receipts
are light. All drafts on the First Ma
ton bank. It, Paul, will be paid at the
First National bank, New York.
A west bound freight cellided with
gravel train on the Baltimore 4
Ohio railroad ut Speer sand works,
about mile east Of Connolsville, Pa,
on Wednesday; fifteen labores killed
and twelve injured. The engines tele-
scoped, the cars piled upon each other,
and fire followed the collision.
Nearly all the dead bodies were unre-
cognizable.
In the House bill providing that
hereafter no territory shall form con-
stitution or apply for admission rs
state into the Union until 1t shall con-
tain q population equal to that re-
quired in a congressional district In
order to entitle 1t to representation in
the House was laid on the table.
Colonel Lounsberry's new paper,
the Bismarck Journal, will first ap-
pear on Saturday. May "a, first ~ .
weekly and destined to be an even
ing daily. That 1t will be welcome
visitor IL foregone conclusion and we
wish 1t and Its popular proprietor the
highest heights Of success.
In the Senate Sherman presented q
petition in favor of placing General
Fremont on the retired list. The
bill to place General Grant on the re-
tired list was passed without debate.
IL gives the general rank and full pay.
Cyrus II. Mccormick the great har-
vester manufacturer, died I'm Chicago
on Tuesday, aged IS years. He in
vented the original reaper i'm 1916 and
at his death is supposed to be one Of
the richest men in Chicago.
A fire scare caused panic among
the guests at Willaro's hotel, WASH
ington, ID. G. The smoke and flames
rushed up the elevator but were sub
dued with loss Of about 81 800.
Democrats had round up at the ter
ritorial convention at Pierre, OAK, on
Wednesday. Their delegates very
properly will 90 to the national con-
vention unrestricted.
Senator Sabin started for st. Paul,
and has probably arrived there. He
states that Car company assets are
three times the liabilities.
Grand lodge I. o. o. +. met ut
Mitchell, Oak. on Wednesday. Sew
enty subordinate lodges were repre-
sentsd.
A tunnel csved In at Dexter's Gap
Pa, on Saturday night. Two killed