davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-06-26
TWO BIG FACTORIES LAID IN ASHES.
PANIC AMONG THE EMpLoYEs-LossEs AND IN

PANIC AMONG THE EMPLOYES-LOSSES AND IN
sURANCE
Property valued at 100000 was destroyed In a
few minutes at Flrst-avc and Thirty nlnthst. yes
terday morning. Two factory buildings, six stories
high, with strong party wall between them, occu-
pied the city lots on the west side Of Firstave be-
tween Thrty-eighth and Thirty-nnth-st. Both build
ngs belonged to George Ehrety the brewer, and each
was occupied as cigar factory. Nearly 1000 men
and women employed in the factory of the
Llchtensein Brothers Company, at Thirty eighth-st,
and 500 employees were at work In the factory OF
Foster, Hllson g. Co., at Thirty-ninthst., at a.
Twenty minutes later about fifteen companies Of fire.
and the two reboats were called to give baltic
with flames which had started upper floor Of tho
Thrty-nnth-st factory.
There a rush of employees from both factories,
and more than fifty families fed from the adjoining
tenement houses. A few carried out of
the buildings In faintng condition., but everybody
got out safely The water supply from hydrants
not sufficient to enable the frcmen to throw
streams above the second story. a call which Chief
Shay sent for increased wator pressure not
answered until the factory In ruins With the
falling Of the walls tho worst was over, but small
fires started In dozen different places the ruins
One fire In big wood yard the east side of First
gave the fremcn work for an hour
A member Of the firm of Foster, Hilson & Co.
said that the firms loss on stock and machinery
was about 100000 The property was insured for
ABOUT SIOOIOOO. lnc W DululnBS was
about $4,000, but Mr. Ehret said to have
ample insurance to the loss. Lchtcnstein
Brothers Company had stock and machinery valued
at $3.50, 900 and the damage by smoke and water
believed to be about $4,000 In the tenement house
west Of the burned factory, also owned by George
Ehret the families lost about $1,000 by smoke and
water. The damage by small fires In neighboring
houses and in the wood yard probably exceeded
50 900. 1t not known how the fire in the
factory originated.
Complete lists Of the assurances tho property
could not be obtained yesterday. Following is
partial list the insurance tho contents of Foster.
Hilson g. Co.'s cigar factory:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-06-26
TREASURES on TIE RIVER BOTTOM

Tho diver employed by Adams Express Company to
search for property dropped into the river by
Mallon the youthful employe who has been rObbng the
company for time, continued his work yesterday
He went three times before he ceased the
night, and recovered in ell thirty watches, twelve
valuable chains, several packages OF Jewels and some
sllvcrware There two three diamond rings in
the lot. The diamond badge to be presented Mayor
Uanea Of Newark which the boy says he dropped into
tho river still at the bottom. 1t cost $1,000 All
the goods recovered badly damaged but 1t is estimated
that they are worth about $1,000 The diver Will con-
tinue his work until he has thoroughly explored the
bottom tho in the vicinity Of whore packages
were dropped Malon arraigned before Police JUS
tlce Wanser yesterday morning. and confessed his guilt
He was committed for trial.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-06-26

unprotected it's price broke from los "A to
104 L. This had scmc effect on the general mar.
ket Lake Shore again was attacked on rumors
OF further cutting in the dressed beef
traffic and general decentralization among
the trunk lines-which is not true. II
was stated in Chicago specialize Wall Street..
that: Vanderbilt lines are now quoting as IL
cents on dressed beef TO seaboard. Other roads
will follow Grand Trunk has dropped 2 cents
lower. This is the biggest single line Of through
freight carried by the railroads" II the last state
ment was absolutely true, its fnsimifcance may
be seen when 1t is remembered that the whols
through business-both, East and West-of the
trunk lines, except Canada Southern, hardly
exceeds per cent Of their total tonnage. Never
Shore and Canada Southern down 7-5 per cent
each. But IL was not till the announcement that
Mr. Harrison was nominated for President that
made at values all over the list, and more con-
covered BY purchases: The declines were ere
without regard TO earnings or merits.
The rule was Where you see head unprotected--
hit it, Thus St. Paul stock shows net decline
decrease in earnings of I,717 for the third week
in June, and Northern Pacific preferred, whose
company will return a gain Of nearly 100000 for
cent from 81 IA to 80 3-S: The Gould stocks
were as heavy as any others-sNisSoqri Pacific down
/ IA Manhattan l 1-S, and Wabash preferred,
market was narrow, yet prices were depressed only
by putting out fresh lines Of shorts The
mornings loan market indicated no change in
the aggregate short interest from Friday. The
market closed steady at about the lowest prices.
THE DAY IN THE BOND MARKET
The Treasury purchased $4,000 Of bonds. The
offerings amounted to 81, 033, $50, but none were
accepted above 12S for the As and l07 1-s for tho
A les. The local market was quiet and steady
at mutations as follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-06-26
CLOSING PRICES OF PHILADELPHIA STOCKS.
GREAT INTEREST IN THE CONVENTION.


The Chicago Convention to-day again attracted
more attention than the stock speculation Re
publicans and Democrats alike were anxious con-
corning the outcome of the Presidential nomi-
nation. and waited with intense interest the an
nouncement of the result 1t would be ignoring
fact not to remark that those who believe and now
expect an appreciation in values were disappointed
that Mr.. Blaine was not drafted into the service,
and that those seeking for an opportunity to
their Short contracts did not fail to take advan
tage of that disappointment to mark some declines.
The market was intensely dull pending the result
at Chicago; it opened at nearly full figures, but
almost Immediately prices began to sag. A new
attack was made on Rock Island stock. and. being
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-06-26
EUROPEAN PRODUCE MARKETS

LIVERPOOL June 25.-s3o n :m.-Becf In poor demand
Pork-in poor demand. Baoon-in fair demand Hams
In demand Chesse-In far demand american finest
Cd for both white cooTod 1allowIn
prime ity dull az 23, Sprifs OF Turpentlne. In
poor demand. Rosn-fn poor demand. lard-spot aud
fuurcs-In fair demands Ais 3 juno steady
Ais Sd July and August steady at Ais o.. wheat-In
moor demand. Flour-In poor demand Corn-3pOt and
fntures-The demand IL lmdrovng mixed Western spot
sfeadv at I'D do June steady 40 July steady
ne a. BId do August steady Is ID Hops at London
New.York State-ln poor demand
Recepts OF for tho from Atlantic ports
400 Quarters; from Pacific ports none; from Other
soarce-. $4,000 quarters
quarters 81. -
anarfnr 9plrits Of tnrpontne. 2ss per owL
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-06-26
THE PETROLEUM MARKET.

NEWS FROM THE FIELD AND RANGE OBJ PRICES
Tie news Che oil country yesterday was favorable
to holders OF certificates but IL was no more thah
mo naturally expected Tho Washington @gushers' do
clined rapidly from their early rate OF yied-Davs NO
falling from 150aio0 barrels to 90, and Fergus No
II from 05 TO 40 barrels per hour. From the Calhoun
we'll at the point OF interest no advtces OK
moment were received. The speculation was duii gus
armer In tone and from the lowest price OF the esrH
trading there was recovery OF over cent The pols
cal question cut figure IN the influences Of the esyr
trading but there was good demand for oil at the close
The market ended strSng at 10 beat agure but Sun
professional In character.
lows.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-06-26
OH. MARKETS

OIL CITY. Penn. June 25-Nationa Transit Certificates
opepod 72si highest 1894 lowest 72s,; closed 73a
sales 100000 barrels clearanoes $4,000 barrels char.
ters - bbs shipments, 100000 barrels; runs49.33S
PursBURa Penn. June 2j.-Peroloum dull and steady
National aost certificates opened at 72 closed at 1879
highest, 1875 lowesL72ia
BRApPoHD Penn. June 25-Natonai Transit Certihcatos
opened 72gj closed att 52 highest 732 lowest. TIA
Ciearances 500 900 barrels
TrrUsvILLs Penn June educational Transit certinoa
opened at 72Ss highest 1884,; lowest I2s closed. 13
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-06-26
NO HOPE FOR TWO MURDERERS.

Chiaa Cgnarale and Daniel Lyons who still In the
Tombs awaiting the action OF the courts although they
we're convicted OF murder in the first degree
ago. are soon resentenced by Recorder Smyth as
the Court OF Appeals affirmed the convictions.
port circulated yesterday that they would be re-
sentenced today but inquiry at the Tombs and their
lawyers onces did not confirm the statement.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-06-26
A SERIOUS QUARREL BETWEEN ICEMEy.

Charles Murphy, ceman, was held in Jefferson
Market Police Court yesterday for sabbing John Coye
another 1t appears that Sunday Murphy took
80 from Coye In the evening they met in the basement
Of the Ice Office No AL Seventhave., when Coyle de-
nanded the his money and stabbed by Murphy
several times once over the The thought
dangerous the jefferson Market Police Court yestor
day Murphy was held to await the result of cvle's
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-06-26
rSOapED FROM WARDS ISLAND.

Frederick Maddox and George Conway, inmates of
tho convaescent ward Of the Inebriate Asylum on
Wards Island, made their escape from the island on
Saturday morning. They tore up their bed sheets and
let themselves down to the ground and then by means
of a boat escaped to the city. Yesterday they mad
NOT aan fOtinI
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-06-26
LEVI PARSONS MORTON.

Levi Parsons Morton, the Republican candidate lor
Vice President, was born at shoreham, W., oh ''aS
l6 1924. His father was the Rev. Daniel D. Moftoh
a CONGREGATIONAL minister and a hnoal descendant
of George Morton, who came to this country rom
England in the ship Ann in 1923. The Rev. Mr..
Morton received only 5000 salary year, ana there
fore could give his son only common school educa-
ton The boy early left school and began his busl-
ness life as a clerk in a Concord, N. H., dTygoods
store but not until bis constitution, physical and
mental had been established by the best OF homo IN
fuences. When twentyone he set up IN business Tor
himself opening a drygoods store in Concord Four
years later IN 1949 he moved to Boston and became
a member Of the drygoods firm of Beebe. Morton d
Co. His connection with this firm continued TIL
1854, when he moved 10 New-York and founded the
drygoods house of Morton & Grihnell. This firm
became financially involved at the beginning of the
war, and compounded with Its creditors at 80 cents
the dollar.
HIS SUCCESSFUL CAREER AS BANKER
Mr. Morton, not in the least discouraged cstab-
lished banking house In 1868. lie made money
rapidly, and soon attained prominence in financial
circles. One day tho late creditors OF the firm OF
Morton & Grinnel received an invitation from Mr.
Morton 20 dine with him. When they sat down at
dinnes each found beneath his plate check
signed by Mr. Morton for amount Of money that
paid their claim in full with interest. Mr. Morton
was not nsauy DOunu 10 pay inc MONEY, anu MS
honorable conduct in tho matter therefore won him
many friends. In 1868 George Bliss entered the firm
and It became known by its present title of Norton
Bliss Co. The same year, 1868, Mr. Morton
founded tho London house of Morton. Rose Co., his
leading partner being Sir John Rose, some time FL
nance Minister Of Canada. These two banking houses
were largely instrumental in making resumption OF
specie payment In the United States possible, and in
enabling the Government to fund the United States
debt. The syndicate formed for this purpose was
headed by Morton, Bliss g. Co., and then followed
the names OF Drcxel, Morgan Co., Barring Brothers
a Co.. j. S. Morgan Co., Jay Cooke & Co., n. NJ
Rothschild q Sons and jay Cooke, McCulloch Co.
The credit of the Government was low at the time,
but the firms named above successfully hoated a
largo issue Of per cent bonds thus decreasing tho
rate OF interest on the OF the bonds. 1t has
been estimated that the various banking firms by
their action at this time saved the Government $40
100000 The firm Of Norton Bliss e. Co. has since
been one Of $be most conspicuous In Wall stTeet One
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-06-26
HAVANA MARKET

HAVANA, June 25.-spansh gold 234L9234la Exchange
quiet sugar quiet but steady 0s2 bags
truga OF degrees sold at IS lss gold
s5S bags centrifugal e7 degrees
were resold az IS 22ia gold per quntal
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-06-26

You want to know "What Is so rare n day in
Junel" February days, which scarcer, and con
sequently rarer; and January days, which, judging
by the temperature, haven't boon the lre long,
and are, OF course, rarer. Ask something hard next
tmo.-iPuok.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-06-26
HIS CITY HOME


Mr. Morton's home I'm this city, at No S. FInb.ave
Is large brown-sone double house, with large door
way and broad hall running through the centre 10
dining room az the back On the wall of the hall TO
the right excellent portrait of President
Garfield While on the left is one Of BENJAMIN Con-
stants famous oil paintings, representing the interior
Of an Oriental dwelling. Tho paiors OF the house,
which are magnfcently furnished, are entered from a
door at the right hand, and Mr.. Mortou's library by
door TO the loft. Beyond, one sees great stairway
winding its way the upper of the house. and
at the end Of the hail the glass doors OF the dining
room. The latter is Of stately Character, occupying
almost the entire width OF the house. Several hand
some oil paintings of the French school occupy its
walls, and beautiful chandelier hangs over the
centre table. Beyond the dining room is large con-
sewatory for flowers. Visitors have usually found
Mr.. Morton at work in his library. The room is a
highly interesting one, owing TO its pictures and dec
orations. While Minister to France Mr. Morton pur.
chased portrait of Washington aud another rare
one Of Lafayette. These hang on the wall, against
which his writing desk IS placed. Immediately above
the desk tho wall Is almost e-sze Photograph Of
Gambetta. This picture Is one Of the most faithful
representations % the great French orator ever made
There hangs by the window that looks out into Fifth
ave- portrait Of President Arthur, most excellent
likeness BY It's side is photograph Of Marshal
Mcmahon and another OF the Count dc R0chambeau
On another wall there hangs the portraits In oil of Mr.
Mortons father the Rev. Daniel o. Morton, and of his
mothers brother, the Rev Levi Parsons, the first Amer
lean missionary to Palestine, from whom he obtained
bis surname. There Is also a daguerIeotype OF the
country store in Concord n. H., in which Mr. Morton
began his business life In front OF the crate fire on
the floor one sees some Interesting historical relics
They are two large spherical iron shells which were
thrown into Paris By the German cannon In 1871.
Some brass chains connect the two shells and serve
as fender to the fireplace. A few years ago Mr.
Morton bought 200 OF land the Hudson River,
near RhInebeck for II summer residence and he also
has another fine place called lar Lawn" at Now
port
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-06-26
r,rpopEAN FINANCIAL MARKET

EUROPEAN FINANCIAL MARKET
xovnox June 2h-4 D. m.-Atantc and Great Western
arss woytcsge trustees certificates. 35t Erie 30 do
urss cnnssos $685. Canadian Pacific OF. Mexican ordn>
seSo aoS ST. Pail. Common 661 New'fork Central.
i01 L, Reading. 30ss.
~ por '.yer is quoted NJ AZ lsd. per ounce -,
Paris sdvces quote per cent renees OF eT1
centimes for the account
Money u per cent
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-06-26

The business in State bonds was covered By
city bank stocks, American Exchange sold $780,
at 1912, and North American l5l at $50.
A fair business was done In railway bonds and
p 81 Iasas5 Central of NewJeTsey new IS were
active at 100 1-8a10 LA. Rock Island 5s sold
to 1913 Burlington and and 9acE Ns1Iasss a
IS were up to 81. Mobile and Ohio new general
mortgages sold at 40 l-2a41. Texas and Pacific
first IS were firm at IA ana the INCOME come seconds seq
OF unlisted securities dealt in at the Stock Elk.
change Cotton SEED Oh 3bsaGe Gas sSO at
Duluth south Shore and Atlantic (6) az 83-s,
Mount Desert Land 1000 at 50 25asS 81 ~ and
Philadelphia. and Reading new As Ss2ooooI at
50 l-8ae9 IA.
Money as usual was easy at IL, exceptionally
at and per cent and closed lal LIZ per cent.
The Clearing House statement to-day was as
follows: Exchanges, s64'So7'l6l; balances.
The Sub-Treasury was debtor at the Clearing
House s476,126. Its net gain on balance SATURDAY
and TODAY was S71S,352, made up by gain OK
So 75,30S currency and s143,O44 coin, Inc swo
days operations covered: Receipts s5,gQ7,o2oh
payments, s4,4S9l77; leaving the general &c BALANCE
81 ,749142, consisting Oh slo2'ISS'o Ola Gull anu
''''' REPORTS 81 FROM WASHINGTON.
The limited States Treasurer at Washington re.
ceived to-day s304.00O National panK hotes ZOE
The customs receipts were s59s,705 and the
internal revenue receipts were s67O,5s6
To-day's Washington Treasury statmenO oi caso
on hand and deposits in bank compares win the
figures of the last previous statement as 1ouowss
June %. June IS. Differences
Net Nss gHlS 29 on ia Ssssssi SoaO Inc 1000
Net Legal Legal tenders ss2s2s7 Inc 1895
So v------~ .
Actual cash IN
Treasury vaults
outstaDdS -. .oo. IN 90 MAJ
certihcates..-..- S42S59Zl ,o2 zSaoi
Deposits In banks b4,1oooao os'oo''A'o 49, -,
,,,,Dcos saa8 41s97s $685. PAS 1913 Dec e17o64o
The foreign exchanges were guet ana easy
at quotations for business as follows; BanKess
bills, s4 81 and 81 SO 1-2 for long and snoro
sterling respectively BIS "a and 0.io 1,S ZOE
francs; 95 5-s and 95 rs for relchmarKs; Az Ia
IA l-2 for guilders ..oo &c
for both money and account Money between
bankers ruled at 1-2 per cent. American railways
opened strong and higher and conelnued SO t4
late, when prices yielded responsive TO nome
quotations. At Paris. French 3 per GEMS were
The Chase National Bank has been appointed
the fiscal agent of the City OF So Paul, and here
after coupons on its bonds Will be paid AZ tnas
bank. ,, ,. %
J. L. Robertson offers limited amount OK
Texarl<ana Water Works Company nrst morOgage
IS at 95 and accrued interest The e1tY Is Zee rec
from debt. These bonds are due Ill 1917 and tne
total issue is only $4,000. ,
Kuhn, Loeb 81 Co. offer TO- investors Limited
amount of the 8 per cent hrst consolidaseo
mortgage bonds of the Albany and Susquehanna
Railroad Company, due 1906, principal and
interest guaranteed by the Delaware and Hudson
Canal Company.
Fort Worth weekly gazette. [volume] (Fort Worth, Tex.) 1882-1891, 1888-03-23
WINTER WHEAT.

What thu Fsrmers' ReyIew VIII Bay About
the Crop.
CHICAGO, Ill, March lS.-Tha Far
mers' Review this week will print the
following crop summary:
The condition OF winter wheat at this
time is very fer from satisfactory, though
is ia yet too early to determine
the full Injury to the crop. For
some weeks past the fields in
Ohio, Indiana, Missouri, lows and
Southern Michigan, have been bare of
snow and subjected to repeated freezing
and thawing and the same conditions
still exist and may for some little time to
come. These can be but III arious 10 the
plant, though the full extent OF
the injury cannot be determined till
weather becomes settled and the growing
season opens, In Wisconsin and North
ern Michigan the fields are still protected
by snow and are presumably taking no
injury. In Kansas alone conditions are
reported fairly good, the plant having
suffered very little injury from winter and
under favorable weather conditions Is now
beginning to grow. The average In the
reports Of about 1000 correspondents on
the present condition as compared with
average years we have the following per-
centage of condition by states at this
time: 01io, 725 per cent; Indiana, 70;
Illinois, 80; Missouri, SO; Kansas, SO;
Kentucky, 70; Wisconsin, 80, and Mich1-
gan, II.
Fort Worth weekly gazette. [volume] (Fort Worth, Tex.) 1882-1891, 1888-03-23
WHY TEACHERS ARE NOT PAID.

A Pepper on the Subject by superints n dent
Cooper.
Special to the Gazette.
AUSTIN, Tx, March 16.-FolloW wing is
an extract from an article by Superlnten-
dent Cooper to appear in the next number
of the Texas Journal Of Education, which
explains why the teachers have not been
paid: 1.-THE financial machinery of
the school system is radically
defective. The annual spportoinment
is made on July Is for the scholastic
yesr, beginning on September follow
ing. This apporionment is made not of
money actually In the state treasury, but
of money which will be received during
the fiscal year beginning on September l
and ending August 81 fol-
lowing. This superintendent is made
on the basis Of an estimate Of the proba-
ole income of available school fund dur
ing the fiscal year. This estimate is
liable to overestimste ss well as under
estimate. In 1884 and 's5 the income ex-
ceeded the estimate SO as to leave in
the treasury Oh September l
1885, S4S5,oO0 in round numbers. The
estimates for the years 1885 and 1867
exceeded the income OF those
years about 100000, so that not
only was the s4S5,oOo surplus
used up, butNa deficiency of over
5000, 900 created, which has been paid
from the receipts of the years 1887 and
1888. This uncertainty must continue so
so long as the estimates are made As they
are, not on funds certain to be
received, but on funds which
are in some degree contingent,
as the treceipts from l4nds leased
and sold must always be. No consider
able part Of the available school fund is
received until January, four months after
the beginning Of the school year. The
next large amounts are payable in April
ana May. Interest on county bonds and
railroad bonds, and the interest on old
land sales Is not collectabIe I'M
Ill August 1, twelve and one
hSlf months after the apportionment
is made. The income from new land sales
ann leases is payable from time to time,
derived from this source are
largely contingent. No question Of the
hdility and ssgacity of the comptroller
can be raised, for no one can foresee with
absolute certainty what effect
large drouths, for example, may
have on tax receipts, or on the sale and
lease Of school lands. Although the
schools open in many cases in September,
no large amount OF money is ordinarily
received until the January following.
Not only is the money not psid monthly
to the teachers, as it should be, but the
money is not even collected until the
schools are wholly or in part closed"