Daily Los Angeles herald., 1884-05-10

ANGELES DAILY III
tho Morrison bill When he catne TO
Washington, at the beginning OF Con
gsess, ho brought with hun tariff bill
which would have been introduced hal
not Morrison offered the mems
ure prepared by himself His (Hewitt'-l
bill provided for reduction of the rev.
nue. from customs duii-s amounting TO
about $40, 900, 600 1t placed ON the free
list n number Of articles in addition to
those made duty free by Mcrrison's orig
inal bill.
Eaton, OF Connecticut. said to-day
that il no tariff bill is introduced this
session. the Democrats who aided in de-
feating the Morrison bill will publish a
statement giving the reasons OF their OPP
position to it.
Unveiling OF the statue Of Chief
Justice Marshall.
WAsHisGTos. May 9.-It was or:
dered that when the House adjourn 10
day It be to Monday, and the Speaker
requested the members to assemble in
the House tomorrow IN order to attend
in body the unveiling Of the statue Of
Chief Justice Marshall.
A salute or Homer.
WAsHISaToN, May 9.-The Secretary
Of War has directed q national salute Of
twenty -one guns TO be fired froN Fort
Columbus, New York harbor, TO morrow,
on the occasion of the departure Of the
Arctic steamer Alert, in honor Of the
English ensign, which will be displayed
at the lire. This is in recognition Of the
action the British Government took in
giving this vessel TO tho United States
for use in the search for the Greedy
party.
The Grant 4 Ward FsiIsre-It Is
Believed to be the Heaviest
wall street Has Ever Kmow0.
New YORK. May 8.-The suspicion
grows that the Grant 4 Ward failure
is much more serious than at first sus-
pected. A well known member Of the
Stock Exchange to-day said: ''For four
or fve months l have heard runors
of transactions Of Grant & Ward. /
do not think So, ,OOO, 900 by any means
an extrsvagant estimate Of the liabil-
iiies of the firm. My belief is that
they exceed $lO,00O,O 900. When the
failure was announced l said it w0ald
be the largest that Wall Street
ever saw, and am more firmly con-
vinced than ever Of the truth Of the
estimate. What the assets can be no
one knows. but they are probably very
small, and the disparity in the figures
will ndoubtedly Iuse surprise"
The clerk OF Grant 4 Ward said:
"Trhe amount Of the liabilities will un-
doubtedly be very large. They are dis.
covering new busines. every day, Yes;
know the names Of some of the per-
sons caught, but cannot give then.
Some gentlemen are in for $500, 900 and
others for still larger sums"
WIN. Z. Smith, of the Stock FIX.
change. a member Of the firm, said IL
do not think the assignee will be- ready
until the latter part Of next week.
don't think the amount of t.e liabilities
will reach IS, 900, 900. although it is a
matter of which | have no knowledge.
The figures are all gossip and arc, 4
think, oxtravaeantly large. The rail
road companies which received loans en-
securities which were then transferred to
Other persons, are amply protested and
lose nothing. The losses will fall
chiefly upon individuals who have in-
vested money with the firm. This
business was conducted by Ward. OF
course Gen. Grant and son have known
Of these transactions, but do not think
they are fully aware Of the large amounts
involved. They have been led on by
Ward. and will, Of course. lose very
heavily.
Fred Grant was interviewed. He
said he was looking for employment,
rs he had nothing to do now. # would
depend on whether anything was saved
from the wreck, whether he went into
business for himself.
The Marine Bank has begun suit
against Ferdinand Ward to recover
500, 600, the amount Of overlraughts
paid out by the bank on Wards &C.
count Attachments were granted
against the house and personal property
of Ward, in Brooklyn, and the sheriff is
in possession.
Unsuccessful Attempt to Cheat
the GallOws,
ASHLAND, Ohio, May Geo. Horn
and William Gibbons, il jail, sentenced
to be hanged May 10th, for tho murder
Of Harry Williams, near Polk, about q
year agc, took morphine this morning
with suicidal intent, but medical skill
thwarted their purpose. They will
recover.
Hanged to q Tree.
LOUISVILLE, KY, May 9.--The Cour.
ier.Journafs EiizabethtOwn, Ky, special
says: This morning about l o'clock
masked mob came from town. and tax
ing the keys from the Jailor, took Miles
Petty, u negro who some weeks ago out
ragged Mess Vonnert, and carrying him
few miles from town, hung him to tree.
A placard was pinned to the body saying
o'clock. None of the lynchers were
recognized.
Arrested FOR Forgery.
TORONTO, May Or. J. McKim, a
member OF Parliament, has been ar
rested for forgery.
Hanged for Murder.
COLUMBUS, s. c., May 9.-James s.
Coleman, colored, was hanged tLiemorn-
Ing for the murder and outrage Of Sarah
Willise. He was leading Republican
and schoolmaster in Laurens county.
Ward Seriously Ill.
New YORK, May 9.-There ara 20
new developments in regard TO the re.
cent failure. This morning Ferdinand
Ward was reported seriously i'll.
sterling. Exchange and Bonds.
NEw YORK, May 0.-Sterling bills
on London, 60 days, $4.SS; Sterling
bills on London, sight drafts, Si00; U.
i. AS of 1891. interest quarterly, Sl.l3;
U. 5. 4s, 1907, interest quarterlyS l.224
IL 4 IA optiOnal Optional uunrterly