Evening star. [volume] (Washington, D.C.) 1854-1972, 1885-01-16
The Cisco Bank Failure.
THE BEARS MAKE DESPERATE ATTEMPT TO pEPRE

STOCKS ON THE STRENGTH OF IT.
NEW YORK, January l6.-When the stock ex-
change opened this morning desperate attempt
was made by the sbears" to oepress prices, based
upon the Cisco failure. The attempt did not sue
ceed, and 1t was evident that the market was
and conservative members OF the exchange say
that trouble need not be feared from the Cisco
failure alone. The firm was not a speculative one
and its obligations to the members OF tie exchange
were small Mr.. Cisco would say nothing to-day,
and Mr.. May, the assignee, stated that an inven-
tory or the assets would at once be made ana a
statement issued Mr.. Dos Passos, the counsel for
the flrm, said he believed that the assets would
equal the liabilities dollar for dollar.
Trains Delayed by Snow i'm the West
CHICAGO, January l6.-Trafns from all directions
are arriving two and three hours late owing to the
lines OF their roads to be very heavy and drifting
badly, particularly to the west and southwest
Peculiar Epidemic AZ Akron.
AKRON, OHIO, January l6-The people OF this
place are much concerned over a serious malady
which has Frustrated 800 OF the 700 men employed
works here Manyothers throughout the cityare also
suffering from the trouble The symptoms are vio-
lent purging and gripping pains In the stomach and
agony. No deaths have yet been reported. The
cause OF the trouble has not been located.
Amending Texas Land Laws.
AN IMPORTANT MEASURE BEFORE THE LEGISLATURE,
WITH PROSPECT OF PASSAGE.
AUSTIN, TEXAS, January 16-The bill introduced
In the state senate by Mr.. Houston, OF Wheeler
county, providing for the repeal OF all present laws
regulating the sale OF public lands In Texas is at
tracing attention and Will receive strong support
in both house and senate. The bill affects many
million acres OF land now being used for grazing
purposes In large tracts. The bill places ali LANDS
heretofore or hereafter surveyed and set apart for
common school, asylum and university purposes
upon the market, exempting all timbered lands
and such as contain minerals and salines The
third sec; ion gives every head OF family or citi-
zen q years OF age or alien, who has filed decara-
ton or intention TO become citizen, the right TO
purchase not exceeding $40 acres The minimum
price OF land is fixed at g per acre. Thirty years
Is given purchasers 10 pay, One-thirtieth annually
and fve per cent interest on the balance. One
years abandonment OF the land works forfeiture,
entry. Three years continuous possession and
payment OF the entire amount OF purchase money
and interest entities the purchaser 70 patent
4 M0vEARNr BEGUN IN CHICAGO WHICH PROMISES 10
MAKE TRIPS 10 EUROPE CHEAP. =
CHICAGO, January 16-The Times says: A lively
war In passenger Rates between transatlantic
steamship companies has been inaugurated here
which promises to reduce fares for ocean passage
tilit1es was the displacement By the Hamburrh-
American company OF Charles Kosminski & Co.
their general western passenger agents. by the es-
ta0lishmentin Chicago OF branch ofice OF the New
managing director OF the company, at once trans
ferred his interests 70 Carr6 HamburRh line and
KosmlnsE Co were made its general passenger
the two Lines, IN which all the other Atlantic lines
must necessarily become involved. Kosminski q
Co have issued circular cutting the rate dol
lar lar Tne packet company win meet this rate %
instrucons to drop one dollar below It's competitor
there Is no doubt it will do at once season OF
phenominauy cheap ocean travel seems assured.