Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1885-01-17
TELEGRAPHIC.
EASTERS.
The P1ltsbarr kaslarr.


The P1ttsbarz Fausrr.
PTTssCBe. Jan. le-Ti i sypsssAd
that on next Tuesday Oliver Bros. &
Phillips will make = formal ssstaneu;
II Affairs. The 6rm SAYS il will make
its statement to the creditors Ers. and
30 the puhlic aftervard, and no iufos.
nation can be given until Tuesday. Tue
liabilities will be nearly xs.0o0.Ooo A
large proportion Of this Is secured by
collateral Of various kinds, and ia held
BY banks. The banks OF Piitsbarg bold
eonsiderabie Of fhis psper, bat IL Is
nearly all well secured. Banks in many
parts of the country, Rsst and West,
also held thsir paper. and z sstern dnSn
eiaI instltutloOs own large bloekS
The PIttsbarg banks have decreased
thsir holdings Of she firms pzpsr
largely within the Year. much Of the
paper being paid Voluntarily by Ihe
nrm. In one bank the frm reduced its
paper $4,000 within one year. Con
sidsripR the extes. of the irm, bat CON
parstISoly smail smOant Of weight
falls upon Piusbara ssoulders- Ons of
the causes of she Suspension was
doubtless the heavy loss sustained by
the rirm on contract for pics which
vas made with Q mining eampanw IN
Caltforpia. This pipe vas made and
shipped TO CaiIfornis, and all con-
demned. The unsecured debts of the
rrm compose, il is said, about one half
OF its liabilities. This Is largely owing
90 furnace ore compeniss. The local
banks and bankers generally are willing
tD agree 10 an extension. TheFe is no
doubt OF obtaining the assent of the un-
secured creditors. The Woods Run and
south Side mills Of the drm are all in
operation today. At the Woods Run
mill full set of hands we're at work
at reduced wages. On the South Side
many of those who refused 10 work al
the duetion offered went back to work
thls morning.
CleveIazd Attenas . BalI.
BUFFALO, Jan. Ia grand ball was
glvon tonight at Music Hall by the Buf.
fslo Prese Club, and vas largely attend-
e1. Cleveland attended, arriving at
lO:l5, and remained until after mid
might. In the formal reception held a
great many we're presented. Cleveland
Was 20 have left tonight for Albany, but
will not go uutil tomorrow forenoon.
HaBg for the NuFder Of tive Men,
EovARpsvILLE. Ill, Jan. lS.-Wm.
FaliI Henry, colored, was executed here
today for she murder of Henry Ross
and Henry DepuRh. both eolored. Ross
and Depugh were found murdered in
their house at Rocky Point, abous six
miles from Alton, in March, 1883. The
crime was traced to Henry, who was ar
rested and convicted and afterwards
confessed the deed.
An lnvesaiGaiion lai0 she Heekinx
valley Dif1euiiy.
CoLuMsUs, Jan. 16.-rhe Senate TODAY
the House joint resolution for
the appointment OF Legislative CON-
mittee for the investiOn of the oondi-
tion Of affairs Ia the Hooking Valley, 70
make a report by February 10. The res
luton provides for an inquiry as to the
cause Of the strike.
The Cisco Failure.
New YeRK. Jan. l6.-When the Stock
opened this morning a des-
perate attempt was made by the bears
10 depress prices caused by the CISCO
fsilare. The attempt did not sacoeed
and IL was evident that the market Was
being strongly supported. Careful, o N
scientious and conservative m ambers Of
the Exchange say that troubts need not
be feared from the Cisco failure alone.
The irm was net speculative one and
Ihe obligations to members Of the En-
change are small. Mr.. Cisco would say
today, and toe assiRnees stated
hat an inventory Of the assets would
be made and a statement issned. Mr..
Dcspasssn, counsel for the firn, ssid he
the assets would equal the Lis
bilitiss dollar for dollar.
Up to q late hour this afternoon there
we're no failures growing out OF the Cis-
The accepted reason for
Cisco's assignment now IL that the
Of the late Jso. ]. Cisco. CO.
heirs With the Cisco Of the present frp,
insist upon having the estate liquidated
aud Withdrawing their funds from the
In view Of the unsettled state
Df affairs generally, is was deemed best
10 make an assignment. The firm had
$500. 900 to its credit in she bank az the
ciose OF business yesterday.
Bead Midget.
SYRACUSE, Jan. I6.-Frank G. Roberts,
= midget, on whom the Cssarian opera
tion vas performed Wednesday. died
this afternoon.
a weeks Failares.
New YoRK. Jan. l6.-FAilures for the
last seven days we're 40, as compared
With Is! for the previous week.
Robbery as the Exposition.
NEW ORLKANs. Jan. 16. when Albert
Mebels. an exhibitor IN the German
section Of the main Exposition build
ing. came down this morning be dis
covered that his Showcases had been
robbed Of nearly all their contents,
valued at $1,000. The affair is only an.
other outcome Of the unforsanstc hnan-
cial management. Captain Farrell vas
hired 30 place $50 men on the
ground as pstrolnen and detectives.
Whes, fortnighs ago. it became ap-
parent that the management could not
sustain this sxpense, the force was cut
down 10 40 men. the number nov doing
duty.
One sf the heads Of she departments
is responsible for the statement that q
sunnhsr OF slips OF paper we're picksd
up early this morning On the door Of
the main baIlding beaFine thn inssf:p-
too. Men, Collect your wages or burn
the b1ildi ga Khis official ciaius TO
have found one Of these slips himself,