Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1884-05-22

tional Bank, through which /. r,ss,a5
IL was hoped that matters zould he ns,
In shape today, and that tn ~
would be able 90 meet iis ptner III
I pFess nted. The result was q liza or,,irt
menf and the checks of tn. p nnsvI-
Vanls Bank were returned b. tbs Pm
ers Bank. OF the aggregate amonn,
OF checks thus returned the Farmer.;
BANK officials refuse to make anv stata
mem; ont as the aggregate char1- !.
tue Clearing House IA little bslos. tha,
OF yesterday. the total could not nav.
oeen nearly as large as usual IN ordin-
aFy times. Tue Pennsvivsuia RI
nto OCT very large amount in checks.
out Tor some days past this had fallen
off greatly. ia''en
a meeting of the associated hanks
was held this afternoon to take me-.
uFes 70 sustain all the hacks. sinilay 90
tne action taken in New York
"m. Il. Schmefts, President az The
mira National Bank. says be had gan
the oalauce sheet of TIE Prnu.ylv4pi,
oahk, and thinks they will he abIs 70
pay all debts, and that il WAS so.v-n,
Inc other banks he regarded "a s,ro-,,,
enough to stand the crisis.
President Riddell tonight made tba
Ioilowing official statement To the A.
seeiated Press: The b ard of Dire
tors met this afternoon AID began An
examination into the affairs Of .hs
oank. her examination iustifies than
ana myself In the statement that ths
odnk can, As matters now stard. mas
every dollar on deposits and stock. Mr.
Model refused to give any statement
OF nAbillt es or assets From outstd.
sources 1t WIS learned the labIities
would not exceed SIS 0OSJ. and that
tue assets are more than this. Ths
only question Is the time il will t1ka 20
reAliza. The bank is credited wit
heavy oil speculation, bat this IA denieJ
Inc direct Cause of the trouble il az.
lrlouted to rumors growing oat of In.
ciearauces OF the Petroleum Excaanos
being taken away from the P.upsyIya
ula Is iHs, which, MP 10 a few days ago.
Vas tns clearing house of the Ex,naupe
ohan2e was m tde several d,ys 400
ana the business transferred To ths
Farmers Deposit National. This gave
rlse To rumors that tue bank va, ia
trouble, or likely IL be. and a run has
been going on consequently for several
days. The feeling tonight Is une sy.
ana it Is feared that run will be mai.
on several banks tomorros.
The Montana outlaws.
GLEsDIvR, Montana, My 2I.-Fiye
men were found by Sheriff Taylor tn
day, who stood bin off with rifles when
no attempted t. arrest them for the at
tack on Paymsster Whipple, aud for the
murder of Sergeant Conrad. Major
BELL, with troop of cavalry IL on the
trail. Albert McCannon, horse dealer
has been arrested as an accomelice.
The stock List.
New York. May 81. q. 4. Three's.
91 416's, 1l2I<; "A, 12O1 Pacific
500, 100; American Express -, Canada
Pacific Az, Canada Southern 80. Cen
trail Pacific Az. Chicago. burlington
d Quincy l515, Lackawanna l5il, Den.
yer and Rio Grande 10. Erie lax, Han
NIB Al Il st. Joe 3S&. Kansas ana Texas
10, Lake Shore %, Louisville and
Nashville 3Ol5. Michigan Central 81.
Northern PaciIic 2OIS, Northern Pao, fic
preferred 4614. North sestern 1919, New
York Central HOY, OregonRaiIway AID
Navigation 10, Oregon rransconiinen-
tai 1874, Oregon Improvement Ii, Pacific
Mail ~. Rock Island Is. St. Paul 6s4
Texas Pacific l25s Union Pacific 400,
United States Express 20, Wells Fargo
"a, Western Union 53as. Panama 81.
Petroleum unchanged united. 7414.
The Money Market.
NEW York. May 2l.-Money easy at
2(d3 per cent prime mercantile pa
yer, 4tdh19 sterling exchange. bankers
bills, unsettled at 4.S3; sterling ex-
change, demand, 4 o3l6G4 S511.
On Wall street
INV YORK, May 2l.-Goveruments
lower for registered As and AS, and
higher for 3's. The stock market open
ed irregular, and in the main lower. In
the afternoon, the failure of the Penn
sylvania bank. of PIttsburg. caused
settling movement, and rumors of
troubl' in Philadelphia did the rest.
About 2 p. m. a sudden aud sharp
change for the better took place, and
many leading stocks commanded pre-
MUM for use. Near the close Union
Pacific was hammered down TO 30 by
leading bear operators on advices re-
ceived from Omaha. that AWes and
Adams, of the Union Ptritic, had found
the affairs of the Union Pacific in
worse condition than expected, aud
they are utterly helpless tn improve the
situation. Official advices, however,
were exactlv contrary. The drop IN
Union Pscitic caused a decline OF 4 to
~ per cent. In the general list. Stocks
closed irregular. Compared with last
night, closing prices are e To lSs per
cent. higher for Northern Pac Il :, Kan
sas and Texas, Northern Pacific, Oregon
Transcontinentai, Pacific Mail, Omaha
Texas Pacific and Western Uaion.
Union Pacific Is 81 per cent. lower.
C0nspirtng Against the People.
CHICAGO. May u. = Representatives ~
roads forming the Iragscontinenth As
sueiatiog began a sessiua here tins attrr-
noon for tie purpose of consamm tting
the proposed money pool, which Is 70
embrace all the nsc1ntinental roads.
The committee to whom was referred
the work of preparing form OF e)n'
tr act. not being ready TO report, the
meeting adjourned till tomorrow. The
pool appeared to be assured.
About sLijih.
Sr. PAUL, May 2I.-Vios President
Oakes If the Northern Pacific, saws
that Elijah Smith, the new president of
the Oregon TrauscontInental,i II anative
of New Bedford. Com. has b d twenty
years railroad exp .rience, and Was the
builder of the Bnrliustan aud South
western Rlilro.d. 10 ). - 8a..t sixty
miles OF railroad in Mexico, which he
afterwards sold 70 the Atahison, Pope
ka and Santa Fs kailroed Company.
He ia man of considerable wealth.
Louisville Races.
LOUISVILLE, May 2i.--In the race for
the Faiiview Stakes. for wo-year.oId
FLIES. three-quarter mile stretch, lab
,tha, the fav1rite, went 10 the front ana
won easily bv two lengths; I'm 10 nptn
second and vallusia third Time. lllhs.
Tobacco Stakes. for two year-old- Ia II
have not won race prior to January
lst, 1884, mile heats. Mark Dtlv won
in two straight heats. Time. l:t6es leo.
West and Madison were disIanced IN
the second heat.
The Club Purse, five furlongs, VAS
won by Princess: Farce second, Pre-
MUM third. Time. ls0l. Lady hobson
| ran away and did not start.
The Steeslechase Handicap, mile and
and A half. was won by Major Hecket,;
Cart II srrison second, Ohio Boy third.
Time, 1927.