The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-04-15
SPECTATORS FEEL SAD.
BUCKET-SHOP MEN MISSING at
COLUMBUS AND AMERICUS.

Patrons in the Former City Looking
for settlement When the News OF
the Departure Burst Upon Them
Tho Americus Manager said to Have
Accepted Margins After Failing.
COLUMBUS, GA, April 1.-THE pork
spectators here are still very unhappy.
Saturday afternoon they were radiant over
the promise of Manager II. G. Pickett OF
the exchange to settle Monday morning.
This morning, however, things we're differ
ent. About 0 o'clock Mr.. Pickett left his
office before any settlements were made and
has not been heard from since. At his hotel
the clerk states that he thinks he has gone to
Atlanta. Harry Abbott was seen at the
exchange and he says Mr.. Pickett went of
without leaving any word at all, late in the
day.
DEED OF SALE.
A sensation was created among the spec
ulators when it was learned that deed from
II. g. Pickett to two Columbus gentlemen.
conveying his store on Broad street. had
been fled for record, the consideration be-
ing $500. and the date of the deed April
IA. This afternoon w. d. Scott attached
all the Office furniture, blackboards, etc., in
the exchange for margins owing to him.
Whether Mr.. Pickett has just gone TO see
his principal, Mr.. Phelan. in Atlanta, or
whether he has given Columbus a inaI
farewell is not known. At any rate many
pork spectators here are anxious TO see
him. Tonight his whereabouts are still
unknown.
AMERICUs ALSO soRRowFUL-
AMERIcUs, Ga. April 14.-F. NJ. Nc.
Donald has been the manager Of the COM
msrcial exchange in this city for the past
few months. The fluctuations of the market
last Saturday seem to have placed him on
the short side of the balance sheet. Several
who had margins to their credit in the
exchange to-day demanded settlement.
Mr.. Mcdonald reported ''no funds,n and
several Of the boys are sad in CONSEQUENCE
He left the city this afternoon, and it is
now known that he carried with him con-
siderable money, more than $500 of which
he accepted to-day as margins after he had
been ordered to close business. None of the
banks are hurt Mcdonald also forgot to
settle with several other creditors besides
the bucketshop speculators.
ROME ALSO A SUFFERER.
ROME. GA, April 14-Rome speculators
won large sums of money on Saturdays rise
in the markets, but to-day business circles
have been excited, as the failure of the
Nashville exchange has cost them heavily.
The cotton exchange here was closed to-
day.
PHELAN FAILS.
ATLANTA, GA, April 14.-S. H. Phelan's
cotton and produce exchange suspended
this morning. Mr.. Phelan dealt in mar.
gins, and owing to tie recent rise in wheat
and pork lost all he had 90 his customers
His liabilities are $4,000, and it is said he
has no assets.
About 1890 o'clock tonight a telegram
reached here from Griffin calling on the
local authorities to arrest s. H. Phelan.
Sheriff Connell of Spalding county arrived
by the night train, and, in company with
Deputy Sheriff Perkerson, arrested Mr..
Phelan on six Griffin warrants, under each
of which he is required to give 81 900
bond. The warrants charge Pnelan with
cheating and swiudling. He will be taken
to Griffin in the morning for preliminary
hearing. 1t is said that about ten business
men OF that place have suffered by Phelan's
failure, the amount OF their losses being in
the aggregate SIS, 900 or S20, 900, and there
Is a probability that more warrants will
follow.
RUINED BY A SQUEEZE.
NASHVILLE, TENN. April 1.-THE Mer-
chants and Traders Produce exchange, run
by Is. Lanier. Hugh McCrea, A. r. Duncan
ana Isaac Reese, made an assignment to-
day for the benefit of their creditors. The
liabilities are estimated at 100000. The ex-
change hopes to pay in full. The failure
was caused by the recent rise in wheat and
pork, and the fall in Tennessee Coal and
Louisville and Nashville railroad stocks