davidaulloa/AmericanStories huggingface dataset:
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-07-12
CAUGHT BY THE sTRINGENCY
Some Firms and Banks Who
Could Not Pull Through.

Could Not Pull Through.
New YORK, July Ill. S. Conover IS
Co., designers, manufacturers and deal
erS in open fire places, CRATES, ETC., has
assinged on account of stringency in the
money market. One of the firm said
this afternoon that the firm had liabili-
ties of 100000. He thought the assets
would show S525,0OO.
ST. LOUIS, July Ill. A. Harnett &
Co., lumber commission firm, doing
business at 1902 South Fourth street,
made an assignment today. The sworn
assets are placed at SOS, 104.97; liabili-
ties $4,000. Cause, prevailing financial
stringency.
SHELBYVILLE, ILL.,, July 1.-Thorn-
toms Banking House, Thomas NJ. Thorn
ton, proprietor, has made an assign
ment. The crash was wholly uneX-
pected, as the house has long been
looked upon as one of the strongest
private banks in Central Illinois. 1t was
the depository of the county, city and
town ship funds, the county treasurer
alone being involved to the amount of
more than $4,000. As result of the
Thornton bank failure, Chase Wood
ward, of the Star Mills, of this city, was
compelled to assign today. Liabilities,
$4,000; assets, $50, 900.
E. and Ella G. Hoyle, of this city, who
as heirs have jointly managed an es-
tate, have made an assignment to c. c.
Nichols of their combined property
interests. Assets, 1885, 900, less in
cumbranceS aggregating Sl6S,004; liza
bilities, about equal to the net assets.
O'NEILL, Neb., July 1.-THE Holt
County bank failed this morning. No
statement yet obtainable.
CLEVELAND, o., July 11.-As direct
result of cognovit judgment of 5000
taken against it, the Camp Creek Coal
company assigned this morning. The
company operates no coal lines of its
own, selling on commission and as regu-
lar wholesale dealers. Liabilities and
assets, $50, 600 each.
PHILADELPHIA, July 11.-Frederick
J. Amweg, of this city, the contractor
for the state asylum for the chronic III
sane at Wernersville, failed today with
liabilities at 100000. Mr.. Amweg SAYS
if given time to complete the asylum
contracts that his assets will be $500. 900.
Stringency of the money market and
untrue rumOrs that he used bad material
in constructing the Wernersville asylum
which affected his credit, are given as
the causes Of his embarrassment.
GALVESTON, Tex, July IL. - The
Nolth OdlVeSton Lana ana improve
ment association went into the hands of
a receiver yesterday. The liabilities
are estimated at $500, 600, of which $780,
600 is due contractors and various other
parties in the city. The assets are lands,
town sites and Improvements at North
Galveston, which has a population of
about 800 and several factories. No es-
innate is placed on its value. The most
distressed feature of the assignment is
the Impoverished condition of the en-
ployes. They have had no wages for
several months. and are III absolute
want. They and Others came to North
Galveston under the most fattering
inducements. II is thought that with
proper management and let up in the
strlngency of the money market, the
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-07-12
FINANCIAL
New York.

New YORK, July 1.-THE feeling of
apprehension and distruSt which pre-
vailed in stock circles for some time
was still more pronouucedt today, and
the bears met with unusual success in
beating down prices. Sales for London
account and the failures at that center.
combined with the embarrassment of
Western houses, led to great depression
in the stock market. The selling move
ment gained momentum as the day
drew to close, when it was currently
strong Vanderbilt affiliations has been
forced to liquidate. The bears. In order
to give color to the rumor, which was
emphatically denied. made the Wander
bllt stocks a special target, and put
down both Northwest and Lake Shore
45s to 5119 per cent. The weak
ness extended to the entire list,
however. and Chicago Gas broke 73S,
General Electric 81, Manhattan ~, st.
Paul 45s, and other active stocks any
where from to 81 per cent. There
was a heavy pressure to sell and COLI
siderable excitement prevailed in con-
sequence of the sensational rumors put
afiOat. Late in the afternoon there was
a rally of 1902 per cent on purchases to
cover shorts. but the advance did not
hold and final quotations were about the
lowest touched. There was some buy
ing, however, by commission houses at
the lower range on account of the i'm
proVement in the financial situations,
some of the banks reporting a return
flow of currency from the interior, and
sterling exchange having declined suf-
ficiently to admit of the importation of
1886, 600 gold by l.. Won Hoffman & Co.,
which Will leave Southampton tomorrow
by the steamship Trave.
The Post says: Several events in
today's news played into the hands of
the professional bear operators, and they
made the most Of their opportunity.
London sold stocks again. the govern
ment report showed reduced wheat aver
ages and there were reports towards the
close of discussions among the trunk
line managers over the question of
worlds fair rates. That the bear oper-
ators should utilize these facts for yio-
lent attack on values, was the logic of
the situation. The position of these
market adventures had indeed grown
lately to be somewhat dubious. Unless
renewed decentralization i'll prices could
be forced, there was at least chance
that profitable retreat from their pres
ent market position would be cut off.
With due sagacity the London settle
ment was chosen as the time for
such renewed attacks, for it is this
period, it must be remembered, in
which the full damage from the collapse
i'll London prices after the fall in silver
bullion was bound to be brought to
light. Most Of these revelations have
now been made"
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-07-12
Dull nth Wheat.


Special to the Globe.
DULUTH. July 1.-THE wheat market
was weak and dull today. The govern
ment report had the usual effect of
knocking down prices. The first trades
were at a decline from yesterday of &c.
At noon prices were &c lower still on
slow trading, mostly for September de-
livery. There was fair demand for
cash from the mills, at decline of &c.
The government report was bullish, but
it had been anticipated, and the failure
of a Kansas City grain house by throw
ing considerable grain on the market
helped to depress prices. In the after
noon the market ruled fairly active,
with trading in July at further reduc-
ton of &c. The close was weak. dull
and irregular at decline of % ale on
cash. az on July, and nc on Septem-
Der, as follows:
Cash-No hard, 6615c: No. north
ern, Csc: No. 2 northern, 591Ic; No. 3,
soc; rejected, ACE. July-No. l hard,
67Zc; No.. 1 northern. 639lc. Septem-
ber-No. l hard, 717ac; No. l northern,
Csc.
Receipts = Wheat, 1921 blu. Ship
ments. 252,516 bu. Cars inspected, 1872.
Cars on track. so; last year, 205.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-07-12
TREASURY CONDITION.
Steady Increase of Gold Reserve
From June 10.

Steady Increase of Gold Reserve
From June 10.
WASHINGTON, July ia statement
issued from the treasury department to-
day shows that the net gold in the treas
ury at the end of June last was S95, 1885,
4lS, which was more than the total
at the end of either or the two
months preceding. In the ten days
from June 80 to July 10 the gold hold
ings increased from S95, 4S5, 413 to S97.-
2S6,6 77. and the tables show a slow but
steady increase from June 10 last, when
the net gold stood at 800, 722, y5S,
the lowest point touched in
many years. The customs receipts
at New York last month were
S9,377, 79S, reduction of 1929. 900 as COM
pared with the preceding month, and of
1888, 472 as compared with the corre-
spending month of 1892. A significant
feature Of the treasury statements that
not cent of the receipts for last June
were paid in gold or gold certificates.
but were made up of silver certificates,
II per cent; United States notes, SO per
cent, and treasury notes, 80 per cent;
and the May statement was little bet
ter i'll this respect. In June, 1892 per
cent OF the receipts were paid in gold
certificates and 2 per cent in gold coin.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-07-12

Cash quotations were as follows: Flour
easy, but no established change. Wheat
No. 2 spring, 64349645sc: No. spring,
f. o. b., 56@65c; No. 2 red, 6434@645Sc.
Corn-No. 2. 4019c. Oats-No. 3, 291Sc;
No. white, f. o. b., 34119c; No. white,
+. o. b., 31@32Ic. Rye-No. 2, SOC.
Barley-No. 2. nominal; No. 8, no sales /;
No. 4, f. o. b., 34c. Flaxseed-No. 1,
$1.08. Timothy Seed-Prime, $4.1O.
Mess Pork-Per Dbl, S19.55@19.5715.
Lard-Per 100 lbs, s9.s5@9s715. Short
Ribs-Sides aQoose) S9.1714@9.20; dry
sailed shoulders (boXed), SS.25@s.50;
short clear sides boxed. $4,000 40.
Whisky-Distillers finished goods, per
gallon, Slip. Sugars-Cut loaf, 614c;
graduated, 5.76c; standard "a" 564c.
Corn-No. 8, 39@39Ic. Receipts
Flour, 11,612 bbls; wheat, 22,144 blu;
corn, 314, 74S bu; oats, 2l4,095 bu; rye,
$3.50 bu; barley, $50 bu. Shipments
Flour, 2,43S bbls; wheat, 5,6l9 blu; corn,
1886 bu; oats. 1Ol. 4s6 bu; rye, 675 blu !;
barley, none. On the produce ex-
change today the butter market was
steady; creamery, 16@1915c; dairy, 14@
171lc. Eggs firm; strictly fresh, 14@
1l1ZP
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-07-12
company will be able to settle it's in. |

company will be able to settle its in
deDtedn5sss i? full:
KANSAS CITY, July 1.-THE Kansas
City Safe Deposit ana Saving bank, the
largest institution of the kind in Mis-
souri,, assigned this morning. The fail
ure will cause much trouble among its
depositors, though 1t is probable they
VIII he paid in full. This is the bank
on which two runs we're started recently
and stopped by enforcing the thirty-day
clause. Later, when matters had APP
parently quieted down, the bank de-
handed ninety days notice before the
withdrawal or deposits. This was the
first sign of weakness. The as
signment was made owing to
rapidly maturing paper which the
directors knew they could not
meet. Since the recent run the bank
has been crowded daily. The bank had
over ten thousand depositOrs less than
two months ago, and over S2,000,00o
in deposits. Its paid-up capital was
100000. The failure was great sur
prise and has caused much excitement.
Every effort was made TO avert the as
signment and the clearing house was
generous in its aid.
AUBURN, Ind. July 1.-The private
bank of John l.. Davis did not open its
doors this morning. No statement is
given.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-07-12
SAVED LINCOLN'S SON.
Presence of Mind Enabled Booth,

Presence of Mind Enabled Booth.
the Actor, to Prevent Tragedy.
The following incident is given in the
Boston Transcript, and was related to
a gentleman by Mr.. Booth some time
ago: In the summer OF 1877 Mr.. Booth
was standing on railroad platform
waiting for train. He noticed a gem
tleman standing near him, apparently
with the same object, and saw that he
seemed engrosSed in his own medita-
lions. Presently the GENT eman stepped
from the platform to the track and be-
gan walking upon it, entirely oblIvious
of the surroundings. Just at this
moment an engine which had been get
ting water from the tank near at hand
began backing up the track. Mr.. Booth,
turning around, saw it only when it
was within a few feet of his absent
minded companion.
On the impulse of the moment, with
out attempting to arouse the man 10
sense of his danger-there was no time
for this-Mr. Booth stepped forward,
and, clutching him by his arm, lifted
INN almost bodily upon the platform.
SO close was the engine that it struck
the mans heels as they left the track.
The rescued gentleman was so over
Coulo Wien llo reallZeu MS danger that
he could only bow his thanks and give
his hand to his preserver. 1t happened
that MIR. Ford, in whose theater at
Washington President Lincoln was
assassinated by Mr.. Booths brother,
witnessed the scene described above.
Stepping forward he said excitedly,
MI. Booth, do you know who that man
wasp No." was the reply 1t was"
said Mr.. Ford. Robert LIncoln-Presi-
dent Lincoln's son." Mr. Booth after
ward said that this act of his gave hun
more satisfaction than could be repre-
scented Ill any other way. In relating
this Mr.. Booth mentioned the fact that
the only vote which he ever cast was
for Mr.. Lincoln when he ran for presi-
dent the second time.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-07-12
Union Stock Yards.

Receipts = Hogs, 1,O22; cattle. PAL;
calves, 20; sheep, SOP.
Hogs = sc lower than Saturday.
Quality fair to good, some choice load
selling even with Saturdays top. Yards
cleared early to packers at s5.70@5.99.
Cattle-Weak Oh ordinary butcher
cattle, best grades steady with last
week. Bulk of receipts were from
North Dakota. medium steers bringing
s2.75@3; heifers and cows, medium
quality, 81. 1O@2.75. Quotations: Prime
steers, $4,000; good steers. $3.50
SIS; prime cows, sS@8.25; good cows,
$4,000. rs; common to far cows, S1@
2.25; Eight veal calves. s4@5; heavy
calves. S1.50@2.75; stockers. S1.50@
225: !Ssders, $2.25@2.75; bulls, S1.50@
225.
Sheep - Fat muttons steady and
active, common slow and weak; good
muttons sold at S4.20@4. 25; lambs, S2.5O
@3. Quotations.: Muttons, s3.25@4.25;
lambs, $500: stockers and feeders, 81 so
Q3.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-07-12
HILLS INTERVIEW.
Alleged Story of That Famous
White House Talk,

NEW YORK, July II. = The World
says: Chemuug county politicians, all
friends of Senator Hill, gave a new YER
sion of the only call made by the sena-
tor upon President Cleveland since in
auguration. This call lasted about
twenty minutes. According to Mr..
HIPS friends. the conversation related
mostly to the poStoffice at Elmlra. They
say that the senator intimated that,
while he desired to ask no favors of the
administration, yet, should change in
the postmasterShip at Elmira be con-
templated, he would like to suggest that
a Democrat be named. During the talk
Mr.. Hill is said to have reviewed the
action Of President Harrison in appoint
ing Dr.. Henry L. Flood, despite the pro-
tests of ex-senator j. Sloat FasSett.
After FasseUt had been nominated for
governor he demanded Floods removal,
and Harrison appointed Louis Rathbun.
Senator Hill called attention to the fact
that should Rathbun serve for four
years from the time he was named, the
Republicans would be in possession of
the office Tor six years conSecutively.
The senator is said to have asked the
president if he proposed to permit Rath-
bun to remain in Office until 1895. Mr..
Cleveland's reply is reported to have
been that he saw no reason why there
should not be change there
soon. Then Senator Hill suggested that
if change be made, eX-Assembly-
man jeremiah j. O'Connor and George
Cotton would suit the regulars for the
place. Now the story is in circulation
that the president intends to appoint E.
B. Yeomans to the postmastership. Mr..
HIPS friends say Yeomans, in 1885, was
sent TO Washington by the Chemung
County Democratic committee to see
what he could do for the boys. Though
the "boys" paid all expenses Yeomans
secured nothing for them. but captured
for himself the chief clerkship of the
treasury department. Since then the
regulars have no use for Yeomans. The
anti-Snappers. however, welcomed him
into their organization, and he is still
active among the supporters of the ma
tiOnal administration as against
state machine,
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-07-12
Chicago.

CHICAGO. July -Cattle-Receipts.
Texans 1Oc lower; prime beeves, SIS
(05.4O; good. s4.5O@4.9O; medium. $3.50
M4.40; grassers, So .50@4.10; Texans,
S2.4O@3.75; stockers, 81. lO@3.75; COWS,
S1@3.25.
Hogs - Receipts. $4,000; shipments,
1000; market opened strong, closed
weak; mixed and packers, S6@6. 25;
prime heavy and butchers weights,
$6.25@6.3O; light, S6.20(0635.
Sheep Receipts, 5000; shipments,
1900; best natives and lambs 1Oc higher;
good westerns and Texans steady; COM
mon neglected; natives, S4.25@5.5 so;
westerns. S4.35@+50: Texans. S4.25@
4.35; lambs, S3.50@650.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-07-12
New York Mining stocks-West.
Money Markets.

NEW YORK, July u.-Money on call
was active, ranging from to IL per
cent; closing offered at 6. Prime mer
camille paper, COLO per cent. Sterling
exchange weak, with actual business
in bankers bills at s4.S115 for sixty
days and S4.S215 for demand Silver
market was weak; certificates sold at
7156@711ac. closing at 713sc.
CHICAGO, July 11.-Bank clearlngs
today, Sl4'560,500 New York eX-
Sterling exchange weak; sixty day bills,
s4.S2; demand, S4.s4. Money steady, 7
per cent.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-07-12

Sentiments of the Governor In
dOrsed by Many of the Dele
gates-An Attempt Being Made
to Have the Resolutions Made
Moderate in Tone.
DENVER. July 1.-THE Colorado sill
yer convention today was both big and
sensational. Coliseum hall, the largest
in the city, contained fully 10000 people
when the convention was called to order
by President Merrick. Most of the day
was spent in speechmaking. The COM
mittee on resolutions did not complete
its work, and an adjournment was taken
until tomorrow morning. The Sensa-
tional feature of the day was the speech
OF the Populist Gov. Waite. Among
other things he said:
"lf the money power shall attempt to
sustain its usurpatiOn by the strong
hand, we will meet their issue when it
is forced upon us, for it is better in
finitely that blood should flow to the
horses brides rather than our national
liberties be destroyed"
He said also:
IL AZ 10 u NC IllaG Il1O ~ ulIVNl OlobSo 10
unable TO cdrry out its governmental
policy without the dictation or con-
sent of foreign powers; if we are a
province of European monarchieS, then
we need another revolution and appeal
TO arms and we have won that battle. If
war is forced upon US we will send to
Halifax a. far greater army of British
torches, according to our population,
than our forefathers sent there after
the Revolutionary war"
In conclusion he said:
War Has Begun.
"The war has begun. 1t is the same
war which must always De waged
against oppression and tyranny to
preserve the liberties of man."
A number of men Endorsed the gov
ernOr's sentiments, while others opposed
them. J. Cook Jr. led the opposition.
He said:
1--WE are liable to do things we may
regret. | appeal to you as men not to
do today what you will regret tomor-
row. We are excited. We hardly
know what we are doing. Let us be
reasonable and act as intelligent men.
We are going East as men to educate
men in the East. If we fail, then is the
time to act. There is time enough to
talk as you feel now"
Debate was lengthy, the prevailing
sentiment evidently being with the
governor. The Denver clearing house
sent a check for $1,000 to pay the ex-
penses of suitable delegates to St.Louis,
Chicago and Washington. accompanied
by the following communication. signed
by every banker ana smelter in the
city:
1--WE wish to add our voice to your
sentiments, because our welfare de-
ponds greatly on the prosperity of trans
Mississippi states. We favor the use of
silver as money, and that it be freely
coined with gold at the present ratio of
10 to l, without discrimination in favor
or against either metal"
Charles S. Thomas, member of the
national Democratic committee, was
elected chairman of the convention. At
the Broadway theater Prof. Andrew
spoke to crowded house OH the silver
question. A large number of resolu-
tons were put to the convent /, but
they were all referred to the committees
without reading, and an attempt will be
made to formulate a temperate docu-
ment which will have weight in the
East.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-07-12


alton will this month reach at least
S6,O00,000. The demand comes chiefly
from the East and West; very little
from the South, where the feeling
seems to be settled that the state bank
ing system will soon be resuscitated and
pay better profits than the national
banking system. The sudden and I'M
common increase in the demand for cir
culation is attributed at the treasury to
the fact that government bonds can now
be got at figure which will enable
some profit to be made from the circula-
ton privilege. The treasury is respond
ing very cordially to the demands of the
bank IS. It has made arrangements at
the bureau of engraving and printing,
so that the time required for making
the plates and printing the notes is re-
duced almost one-half what it has usu-
ally been,
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-07-12
MINNEAPOLIS.
Charnber of CoIn,nere

The government report. issued Mon
day evening, was generally construed
by the trade>tO be bullish document.
but notwithstanding this sentiment our
local market opened lower and weak.
and gathered weakness up to noon,
with no signs of immediate recovery.
New York and Chicago were both weak.
and this market responded in sympathy.
Cables advised of stronger markets
abroad and clearances from the sea-
board showed an aggregation of over
100000 bushels of wheat aud flour as
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-07-12
India's Object.

LONDON, July lin response to in
quiries on the subject made in the
house today, G. E. Russell, parliament
airy secretary of the India Office, stated
that the object of the recent legislation
of the government of India was not to
fix the value of rupees at 16 pence or
any other amount, but to prevent fut-
ure fall IN the price of rupees. He
added that there was not sufficient
ratio of value between the rupee and
the cnUprainn
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-07-12
Wants to BE a reserve City.

PHILADELPHIA,,.Jul 1.-THE presi-
dents of number of national banks in
this city are taking steps toward having
Philadelphia made a central reserve
city, as are New York, Chicago and St.
Louis. a petition will probably be sent
soon to the secretary of the treasury
asking him to officially declare this city
such depository. There are forty-one
national banks in Philadelphia. and the
approval of the required three-fourths
is confidently expected.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-07-12
BUYING WHITE METAL.
Preston Accepts One Offer of
100000 Ounces.

WASHINGTON, July 11.-There was
but one response to Acting Director
Preston's counter-proposition to the
silver brokers yesterday, and that was
limited to an offer of 100000 ounces of
silver at NJ cents per ounce. This
came from New York by telegraph
after the close of the office yesterday,
and was promptly accepted. Tomorrow
another effort will be made to secure
more silver, and as the price in London
this morning was up IS penny to 3311ss
pence. it may be that the department
will have to pay more than ~ cents
if it decided to buy at all. 1t Is stated
that the purpose of the acting director
of the mint just now is to secure steady
quotations rather than affect the market
one way or another, and when the quo
tatiOns have become steadler it is prob
able that the purchases of silver will be
resumed IN larger amounts.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-07-12
WILL SEND NO DELEGATES.
st. Louis Merchants Exchange Re-
fuse Request of the Silver Men.

t.Louis Merchants Exchange Re-
ST. LOUIS, July 1.-THE board of
directors of the Merchants exchange
in regular monthly meeting have re-
fused to appoint delegates on the invi-
tation sent by the Denver chamber of
commerce to the silver convention,
which is to be held here July II. The
board of directors of the exchange
felt in the face of the memorial
which was sent less than two weeks
ago to President Cleveland, praying
that special session be called to repeal
the Sherman law, that they could not
consistently appoint delegates to the
coming convention, and directed PresI-
dent Anderson, of the exchange, to so
notify the Denver people.