Arizona weekly citizen. [volume] (Tucson, Ariz) 1880-1901, 1893-08-05


MILwAvKEE, Wis, July 28.-Bulletins
from Msdjord, Wis, Prentice Junction,
Wis, and Flied, Wis, say that these
towns have been wiprd out by forest
fires.
Medford has a population of 1900;
Prentice and Fiield 1000 each. The
loss at titied Ia reported TO be 100000;
insurance light. Thir.y-four buildings
were consumed.
CmCAGo, July 28.-Everything traded
lie on the Board Of Trade was weak to-
day, chiefly en- account of he action of
associated banks rs TO the lssuanc8 OF
the clearing house, operators believing
Il pOrtended fears of tiGanyIers increased
further and the monetary striugency.
Wheat was its weakest, touching the
lowest point recor led in the history OF
the Board of Trade. in Seotember,
which closed yesterday at 60 and
dropped to 60 y.
Denver, July 2s.-Pre ident NJ. J.
Lawrence, of the Peoples Savings
bank, was arrest ed at his office in the
Peoples National bank building shortly
after o'clock this afternoon, on a war
rant charging grand larceny in connec-
ton with the failure of the savings
bank. The warrant was issued out of
Justice LeBoet's court and is sworn to
by w. NJ. Casey in behalf of his wife,
Sophie Casey, who is depositor in the
bank to the amOust of $500. The
same warrant upon which President
Lawrence was arrested also called for
the arrest Of Cashier f. G. Schrader
upon the same charge and be, too, was
arrested before p. m.
The charge upon which the proceed
ipgs are brought is that the bank re-
ceIved deposit from Mre. Casey within
thirty days previous to the time of the
failure. This is allege ID be a violation
OF the state law, and is held by that law
10 be prima fscie evidence that the Off
Gals of the bank knew that the bank
was insolvent. This, under the law.
makes TIE officials liable to prosecution
for grand larceny. The punishment for
such otfense is imprisonment for not less
than one nor more than ten years. MIR.
Law renee was interviewed immediately
after his arrest, and speaking Of the af-
fair, said:
"Mr. Shrader and l have nothing to
fear from development S. No official act
of ours regarding the banks can r. feet
upon our homer or good faith. / have
been in active business here seven, years
and twenty-five years previously 10
Cleveland, Ohio, and / feel very conf
dent that hose who know me init
mateiy will await results before passing
Judgment"
Referring to the statement issued
yesterday afternoon by Assignee Schra
der, " lch showed that he liabilities of
the bank were some Sl200 in excess of
e assets, President Lawrence eaId:
sowing to a miscoustruction of the
statement it largely falsifies facts.
The assets of the bank will show an actual
excess over liabilities OF ever S128, 900.
and further Ii bihty If stockholders
to make good all depoi its of 100000.
which makes a total of S22SOO0 of
actual assets over liabilities to secure
depOstors."
DENVER, Colo, July 27.-The lynch
ing of the Italian Arata last night las
shown the immense crowd If idle work
men at present III Denver and what can
be accomplished by violence and there
is dread in minds of many CITIZENS
that riot of enormous size having for
its purpose the footing of the city, may
break out at aoy TIM.
The thousands Of unemployed work
men air. ady here are being augmented
daily 10y others from throughout the
state VINO are gradually working their
way t. Denver. The ccunty and city
and numerous charity Organizations
are do ny their best to feed and shelter
the great army of Pennies people, but
are incapable OF NEE ing all tie d.
mands.
The banks Of the city have called
upon the United States troops at Fort
Logan, of which there are seventy, to be
ready 10 protect their institutions IL
case of the outbreak. Some of the
banks are United States repositories
and thus have right to ask govern
ment protection. Mem bers OF the state
militia and Chaffee light artillery are
now under arms at the armOry awaiting
developments.
Mayo Van Horn has issued a pro
;lamation requesting all good citizsnes |
not to congregate on the streets as it |
might lead to an outbreak.
New YORK, July % the World |
prints an interview with Senator Stew
art, of Nevada, in which he rs credited |
With saying: 81 had hoped to 5elp in
yardiDg off the catastrophe, bat demo |
rats and many republicans too seem
zone crazy. | cannot answer for corse
Iuences, and am giac | ehall not have |
o share the responsibility. | am afraid !
Cleveland made a mistake when he |
attributed the present trouble to un-
Visa legislation. He may have re-
ere TO the mint act of 1873. If SO,
le is correct. BIT if be referred TO
he Sherman at he is mistaken. Its
epeal might give temporary relief by
leceiving re' pie AID making them be
ieve the evil hid been removed but
ne evil lies deeper. 1t is deficiency in
old There is too much o b; tn gold |
I'd silver for gold alone 10 furnish
n adequate basis for circulation and
The destruction Of i yer hv
re repeal of the Sherman act VIII de
troy mora than half the basis of eli
uiatlon and credit and leave Us with
at sufficient gold 10 sustain confidence.
nod the probabilities are thai the
r. u ble Ii 60 on. / have no DOUBT II q
sherman silver law will be repealed, but
It IS repealed witoout q subs iture
{ some k d It seems insv tbly certain
hat times will grow worse for 4 Ion
me TO come"
Senator Jones of Nevada, endorsed
senator Stewards st ement.
CHICAGO, July 27.-rhe Matte nal Sill
ar convention to meet here Aug. ]
ill as emOie in the old Met obi
huTcb, corner Of Clark and Washing |
lgt4n street. There will be d mass
leeting in Central hall Tuesday night
I'd an open air mass meeting q ednes-
By night in Like Front park.
HILLsBoRo Ohio. 27.-G. s. Price, of
ie CltiZ Us National bank, whose p-esi-
ent &. u. Oyerman, WAS arrested yester-
ay for embe ZZlameDt and falsa entries.