Evening capital journal. (Salem, Or.) 1888-1893, 1891-03-21

GouId's plan must be, from the
necessities Of the case, the last to be
perfected, the provisions for prior
liens and the amalgamation Of the
debts of the leased lines may be ar
ranged and carried out at an earlier
date. 1t is not yet decided whether
or 8 per cent shall be the rate on
the new consolidated mortgage
bonds. The final decision will
depend largely on the condition Of
the money market during the nego
tiations that must precede the ex-
change of underlying Investments.
Mr.. Gould's skill In financiering is
30 well known, that no doubt is en-
tertained by bis friends that the
operation he has In hand will sue
ceed. 1t is impossible to figure,
however, upon the possible saving
of interest rates that might be-
effected by the successful execution
of this project, as It is yet In some
what chaotic state. The Importance
Of the work that Mr.. Gould and hlt
colleagues have taken up, In IT.
bearing on Wall Street affairs, IL
obvious.
LIKE A HERO.
NEW YORK, Mch. 2l.-A spedial
from Kennedy, Ala, says: miss
SallIe Cox, aged IS, daughter Of Rep
resentatiye Cox, of Plckens county,
aud A. A. Moore, aged q, both pu
pills OF the Kennedy High school,
were drowned between and p. NJ.
Wednesday in the Luxapalia river.
The deceased, together with Joe
Kennedy and Miss Floy Cook, were
taking boat ride, when the boat,
capsized. Kennedy seized Miss
Cook, aud, at the risk Of his life,
breasted the swift current and finally
gained the shore with her. Miss
Cook, seeing his exhausted condition
prevented him from making a sui
cldal attempt to bring the Others
ashore. The river Is unusually rapid
where the boat upset, and while 1t
would have been easy for Moore TO
reach shore alone, he found it i'm
possible to do 30 with Miss Cox, and
died, like q knight OF of old, In a
vain attempt to rescue the lady
under his charge. The bodies of
both have been recovered, and two
Of the saddest funerals of this section
took place yesterday.
sHIP LOST.
SAN FRANCISCO, March 21.-Tho
steamship Oceanic which arrived |
from China and Japan early this
morning brings advices that the
J. G. Warns, bound from New York
20 Ningpo with cargo of kerosene
oil has been lost after leaving Batavia
No particulars are known.
LAWRENCE BARRETT DEAD.
New YORK, March Claw
renee Barrett is dead. His last
sickness dated from Wednesday
night, when he was obliged to leave
the theatre here, where he was en-
gagged. Last evening, DR.. Cham
hers called at the Windsor hotel at
o o'clock TO see his patient, and
shortly announced that he would
remain all night. Death occurred
at lO:45. Heart failure was the
cause of death.
THE OLDEST METHODIST MINISTER.
FAIRHAvEN, Mass, Mar. 2l.-
Rev. Frederick Upton, the Oldest
Methodist minister In the United
States, died here yesterday morning.
COOPERATIVE STORES.
CHICAGO, Mar, 2i.--A working
mems cooperation society has been
formed here. The first stores will
be opened for the sale Of meat and
groceries only, but 1t Is intended to
extend them TO other branches as
the growth OF the society may war
rant.
FEARS THEY ARE LOST
TACOMA, Mar. 2l.-Fears are en-.
terteined here that w. l.. Bartlett
and q. w. Freese, respectively city
editor and managing editor Of the
Monmouth, Ills, Atlas, together
with two daughters OF man named
Kines, OF Huron, S. d.. have heen
drowned in Puget Sound. The
party has been missing since Thurs.
day noon, when they started for