Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1884-05-02
EASTERN NEWS.
The Ae$ne GaSIur.

~ Sf fhfl-- bltPAIfHE-.
The keene Failure.
NEW foHK. Aprii 3D.-The anuounc
ment At 3 .. III. of the failure Of James
*. hsene, the we'll known Wall street
operator, WAS received by many with
incr-dulity. II created ~ first trsrneu
dous exc .tetnent among smaller dealers
4 "a operators, who had apparently not
ANTICIPATED such a result. fhr effect on
Tue market was not appreciable this
AFTERNOON. r5 the announcement came
80 late. Very little accurate iuforma-
( ton could be gained IN regard To the
fai ufe. although rumJrs Of thu most
contradictory character were circal4t.I
III great hunters. 1t il learned how
ever, that 1t Ii due q the fact that keeus
has Tor some tim. past c1nfined his
| stock operations tu tstasactions in prIyt-
i+Res and selling puts and calls.
| large huinter of tce-e contracts f.u
due today. and II was S.id k.ens began
/ this Dsoruiug paving theia of. and after
| spending over $1,000 ia cashine diff
terenc"s resulting from the falling mar
ke', De found himself rnnninp short.
ana having no more money at his cp,n-
fnand he wa forced To refuse to take
| the stock yut him.
|
his office was beseiged with Customers
and creditors, who fought with each
other TO gain entrance. HIS secretary,
MIR. Wells. confirmed the report Of his
failure TO meet present engagements,
| and SAID 1t was owning to unfortunate
| spec1iatiOns. he said that Mr.. keens
| eonid make no statement to the public
At present, but would furnish a state
m-nt at An early day to those who are
Interested more intimately in his AFT airs
Ii ls understood that keene's transic.
tons have been principally in the stoe :
Of tine Erie. Western Union and Union
Pacific companies. Ii is also said that
he was seriously bitten In the recent
shrinkage Ill values IN Northern Pacific
and Oregon Trahsoontinental.
he refused t. sse any reporters rs his
| office today, and at his house this even
ing it was aaid that he had gone ont of
town and was probably III Newport.
Later III the evening, however. the fol
lowing statement was issued for publ
cation:
TO Associated Pr.ss reporters After
paying out II 100000 III cash during the
last few months in my efforts to pro-
tect my privileges in the falling market,
| have finally determined today to oall |
"A halt In tue interest of thoss with |
whom have business.
(Sl9ned.) JAMES T. KEENE.
Shortly after the announcement OF |
his inability in meeting payments. |
keene WAS offered by number Of |
friends and business associates a loan |
Of T4UG1O. He refused to accept il.
saying that he did not propose to make
matters any worse by keeping up his !
margins any longer. The failure was
the absorbing topic of conversation
among tho brokers and bankers who as
semb.ed this evening at the Windsor
Hotel, and varieus comments were |
made 10y those who had either been
friends or opponents of the great oper-
ator.
West Virginia Lynrhing.
CHARLESTON, W. Va, April 3O.--A mob
at st Adams took Scott Hill and Brown
low Hill, two of the robbers who shot |
and killed Albert Woods and mortally |
wounded 4. J. Woods at st. Albans
Monday last, and haged them to a tree
just west of town. The officers sue
ceeded in escaping with Charles Spur
lock and the other members of the gang
who have been doing so much robblng |
and shooting lately. They all confess
the crime of Monday night.
Will u Ever Return:
New YORK. May 1.-The Greely relief |
flagship Thetis sailed today. Secr.tar-
les Chandler and Lincoln, Gen. Han
cock and other celebrities accompanied |
the vessel to Sandy Hook On the gun
boat TAllapoo5a. H,rbor salutes were |
gwen the departing craft.
The Market Unaffected.
NEw YORK. May 1.-The inability of |
keene ~ meet contracts did not affect |
the market today. Keene this morning |
refused to see any person. 1t IL be-
loved that he will pay 100 cents on the |
dollar. He had several offers today, |
but refused to define bis exact position. |
II is said that he met two or three snail |
demands this morning,
s4ueiching John l..
CIxCINNArI. May l.-M,yor Stephens |
telcgraphed this morning from Vim |
cenu.s, Ind, to his Secretary To permit |
no sparring or sluggiug matches ON the |
Sabbath. This Is Intend To prohibit |
the proposed exhibition John L. Sui |
lvan.
In AMcrtraa Dy namitrr.
DENVER, Nav l.-Shortly before mid |
night last night bomb with m ignitcd |
tuSt, Cphkalut'iS HiA tVuhN' oa N'si'
powder, was thrown apon the porch of |
the Crawford House at Colorado springs. |
SCATTERING the doors and wind pws of |
the hotel and neighs,orhood. Ii Is sup |
posed the act WAS directed by some "a |
loonist against the proprietor of the |
house who has been very active IN the |
suppression of the liquor trattlc III the |
town.
strike Of Union Pacific labOrers.
DENVER. May l.-Over 100 men en-
ployed IN thu Union Pacific machine
shops, freight houses and round houses
struck this morning against the reduc
ton in salaries of from 10 to Ii per
cent ordered by General Manager Clark
of Omaha Yesterday. The men are de
termined, but no violence IS anticipated.
1t is stated that the strike will extend TO
all the union Pacific lines In Colorado.
The Effect Of Com petition.
New Yoak, Nav 1.-The Western
Union Telegraph today ordered re-
duction of ~ to 70 per cent on rates to
prominent poiats of the south and west
All night messages to points as far west
| As Kansas City will be- forwarded at the
rate of Ii cents for ten words and cent
! for each additional word. There will
b. no change IN the tariff IN the e. stern
messages.
To Face sullivan.
CHCAao, Nav l." Parson" Davies
! has accepted Suilivan's challenge. Of
! fering 20 give any man $1,000 and the
receipts of the exhibition who will stand
b, fore him for foar rounds. and will
/ put Jem Good against the champion.
On Wall street
/ NEw YoRx. Nav l.-Governmeuts
weaker; share speculation opened firm
/ and higher this morning: prices ad-
vanced |, to II, per cent. Active shares
were all higher on account of the re-
duction IN foreign exchange. Central
+ Pacific rose to 53.North Western 10 lllA
/ and St Paul to 81. In the last hour of
/ business the market WAS unfsvor ably
| affected hy the announcement that the
Western Urion Telegraph Company had
/ ordered reduction III rates TO tie
principal southern points, of Il to 30
per cent. Ii was also rumorvd that the