The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-07-16


Five millions Capital-Gsrman Agrari-
ans Get Anti Option Legislation
| Through the Esichstag Which Bears
Hard on America, as to Grain Prices and
Listing Securities on German Exchanges.
| Seattle, Wash, July 15.-J. Edward
| Addicks, the gas king OF Deiaware,is to
head a corporation to work for gold in
the gravel beds Of the Cariboo. The
company, which has been inoorpora-
ted under the name Of tine British North
west Gold Mining company, limited,
| has a capital stock of s., 0eo, 900 and viii
operate on the Ffshback property in the
important gold bearing tributary Of the
Fraser river.
In this tract are 700 acres, with an
average depth TO bedrock of 275 feet
ell of which it is es timated, will pay at
least L1a cents per cubic yard. The
water system of the property drains
more than forty-five square miles Of
mining ground. Associated with Adj
dicks, as trustees in the British North
west Mining company are: Edward F.
]. Gaynor and George A. Kelley, New
York; Thomas w. Lawson, Philadelphia
c. Weidenfeld, Boston, w. Harry Miller
j. Frank Allie and Newell Bail, Della
ware. Governor John H. McGrew and
United States Senator W. C. Squire,
Washington; Griffith Davis, A B. Stew
art, Lester Turner and Charles F. Fish
back, Seattle; James T. Buxton and
Charles Wilson, Q. c., Van Couver, BIC.
The company also controls the prop
erty Of the Maud Hydraulic Mining
company, and in addition has acquired
twenty miles OF the river bed of the
main Quesnelie, q stream known to old
prospectors as the Pactolus of British
North America. The head Office of the
new company viii be located in this
city.
AGRARIANS IN THE SADDLE.
Washington, July 15.-At the in
stance OF the Agrarian leaders, the Ger
man reichstag has just enacted a law
prohibiting speculation in options and
also intended to restrict speculat ton dn
stocks. The new law, beyond doubt,
Will affect seriously the sale of Ameri-
can securities in Germany. aside from
dts effect upon grain markets. The
announced purpose of the Agrarians in
passing the law was TO increase the
price Of grain and in debates there
were plentiful citations of the argu-
ments so freely advanced in congress
when the anti option bill was being
pressed few years ago.
Details of the new law are supplied
60 the state department by United
States Commercial Agent Moore at
Weimar, with explanatory notes and
comments. As to stock speculation the
restrictions adopted threaten TO ex-
ciude from the German exchanges a
large class of American industrial and
mining and railroad properties and are
especially severe upon new projects.
In each exchange. government inspec-
tors will b stationed. No stock can
be placed on the lists except majority
of whose members are not members OF
The exchang.
No stock can be listed unless the cor
poration has been fn existence at least
one year; nor can any stock be listed
until the committee has thoroughly x
anined into the Soumdness of the new
corporation and satisfied itself as to
the trIthfulness of the the statement
made in the prospectus. Any person
guilty of deceit n placing or promot-
ing stocks may be fined 1900 marks,
and there are other severe penalties for
offenses against the law.
IRISH LAND BILL
London, July 15.-In anticipa ton OF
an interesting debate on the Irish land
bill, the benches in the house of COM
mons were unusually well fiild today
and particularly those occupied by the
radical and Irish members.
Mr.. Gerald Baifour, Chief secretary
for ireland, replying to a question put
10 the ministry by Mr.. John Dillon.
leader Of the home rule party, said that
IL was the intenti of the government
to withdraw the entire clauses of the
bin numbered -, II and Is. fixing fair
rents. and inserting In the place of them
the amendment proposed by Mr.. T. NJ
Healy. 1t was also the intention, Mr..
Balfour said. TO drop the government |
amendments now on paper applying TO
clause 4. The matter OF fair rents, 1t |
was explained. would appear nj another |
and more expanded clause.
Replying 10 Mr.. Lebouchere, Mr.. Bal |
four said that he saw no reason why
the bin should not be abandoned. The |
changes that II proposed to make in |
the measure IS originally submitted to
The house would, he said, render il |
necessary for movers of amendments |
20 reconsider their positions Sir |
William Nrnon Harcourt moved an
adjournment OF the house and Mr.. John I
Dillon seconded the motion. The lat |
-er complained of the vaciilation OF the |
government and demanded assurances
nat the land bill shall be carried for |
ward and passed by the house OF lords. |
Mr.. Joseph Chamberlain secretary Of |
state for the colonies, replied defnding |
h government. The attitude of the /
he said. had been consistent |
rom he outset. The government mad !
aid that the bill would only be passed |
{ il should be accepted as a no0-con-
entious measure The government /
adhered 10 that position. and il Mr. |
Dillon considered the bin which was
low reduced 10 its original form. a bad
Measure. there would be no use In |
wasting time IN its discussion and the
1ill would have TO be withdrawn. The
for this. Mr.. Chamberlain
declared. must rest n Mr.. Dillon and
lis friends.
WINE AND SILK.
Washington. July l5.-According TO
he report OF United States Consul
General Mills at Honolulu, the Hsw-
allan legislature has passed an act ad-
hitting wines containing less than 70
Der cent alcohol free OF duty on spirit
Ious liquors. In consequence Califor-
ia wines. which have been taxed IS |
'en1s per gallon, viii escape import du
les
Washington, July I5.-The Japanese
government has established a silk in
ipecticn port al Hioga and a meeting
II the japanese silk manufacturers has
,een called az Kobe 10 effect the diver
ioSl 70 that port Of the silk export
Tude now cente-ej az Yoka bona.
FOREIGN MISCELLANY.