davidaulloa/AmericanStories huggingface dataset:
The herald., 1897-08-21
Legal Decisions

A bank may pay out check drawn in
the name of a corporation, in the usual
course of business. and when there are
no circumst tances of suspicion, to put it on
inquiry without investigating the destina-
ton of the money.-Hatch VS.. johnson,
Loan and Trust Co. GU. S. c. Court, Kan
sas), 10 Fed. S2S.
An order made on petition of a receiver
of State bank authorizing an assessment
on its stock pursuant to statute cannot
be collaterally attacked by a stockholder,
though he was a nonresident and not be-
fore the court.
A stockholder cannot set up, as against
an action by bank receiver, for an assess
ment on his stock, counter claim for
damages against the bank for false repre-
sentations made at the time he bought his
stock.-Sheafe VS.. Larimer claws u S.
Circuit Court, 70 Fed. 921.
Acceptance by the president of a bank
of doubtful securities in payment of good
debts is negligence, charging him with re-
sulting loss.-Lawrence VS.. Stearns (U. S.
Circuit Court, Michigan), Fed. S7S.
The herald., 1897-08-21
Assessment Insurance

In 1851 there were one hundred and fifty
two assessment companies in the state of
Pennsylvania. AT the close of 1885, the
last report of the Pennsylvania commits
sioner there were seven left. one of which
the Fidelity is now an assessment company
only in name. How many of the remaining
six have gone to the grave in the year and
a half since this record closed we cannot
tell, but it seems as though we have heard
of one or two funerals. And yet our as
sessment friends get out of patience when
we write of the short life which waits
on assessment insurance. There has come
out of Pennsylvania assessmentism one
creditable association, and that lives be-
cause, although it clngs to the name for
business purposes. its assessments are
remote and possible contingency. while it's
premiums are supposed to be sufficient so
that assessments will not be needed.--The
Insurance Journal.
The herald., 1897-08-21
ON CHANGE
What Was Done Yesterday on Wall
Street

| NEW YORK, Aug. 2O.-The process of
realizing profits on the long continued ad-
vance in the market went on today, and
was reflected in the heavy tone of the
| market and the cessation of outside buy
| ing. The selling was much of it by COM
mission houses, and is presumably of hold
| ings by the outside public, who have grown
fearful of decline. Although offerings on
| this account were large and although the
days sharp decline uncovered large num-
, bers of stop-loss orders at times, the Of
ferings were pretty well absorbed. Orders
were apparently waiting movement, but the
exchange market reflected no immediate
| likelihood of imports of gold. The curious
contradiction in sentiment which has ex-
| listed for months past between the Lon
don and New York markets found a new
phase today. Prices for American securi-
ties came higher from London this morn
| ing, indicating a disregard of the reaction
manifested in the New York market Pur-
chases In New York for London account
were made also of nearly all the prominent
international stocks, in spite of falling
course of prices. Sales for this account
were estimated at 5000 shares. The New
York market equally ignored the sentiment
of the London market and went on SELL
ing Receipts of American securities from
foreign holders have been large recently
by incoming steamers from Europe and
recent orders to purchase placed in the
London market by New York houses have
developed the fact that the market has
been pretty we'll stripped of American Sc
curities. Today's movement looked like
a desire on the part of the foreigners to
replenish their supply of American stocks.
The extreme decline today was considera-
bly, over point in a large number of
shares. Sugar moved over range of
about two points in the market to buy on
scale down SO that the prices met a re-
sisting before they had receded far The
prices in the stock market did not respond
to the sensational rise in wheat, as is
sometimes so. AS far as this result was
due to buying for export and to the jump
In the price of wheat in England and the
continent, it was a favorable influence on
the stocks as indicating increased purchas-
ing power in the hands of the farmers, but
so far as 1t was due to fears of damage to
the crop and to loves estimates of the
spring wheat crop it affected the grain
carrying roads unfavorably, as indicating
a probable decreased tonnage Of the
freight to be transported Reports of such
crop conditions were very prevalent in Wall
street and the market receded quickly, es-
pecially the grangers. The continued firm
ness or sterling exchange rates was not an
encouraging factor in the market London
and the continental money centers seem
to be fencing to determine which shall
meet the first demand for gold account
OF the heavy crop, but it's net change was
small. The bond market displayed heavy
tone on moderate dealings. The speculation
was largely centered in the leading mort
gagse, and there was decided abatement
In the foreign demand for securities. The
aggregate sales were 1.97500O. Govern
ments hardened slightly on light pur-
chases.
The herald., 1897-08-21
Chicago Live Stool,

CHICAGO. Aug. 2O.-Cattle-Native beef
steers a 4.70d525: extreme range, 3.S5d5.50;
choice feeders, 4.50; choice calves. 6.50M
100.
Hogs-Sales largely at 3s5G400; coarse
heavy packing, 3.55d36O; prime assorted
light, 4.10 Pigs, 3.35n410.
Sheep sold slowly at 225d2.50 for inferior
up to 3.70d4.00 for choice to prime natives;
stockers fetching 2.50d2.15; western range
sheep, 3.0GdS75; feeders, 3.25d35O; lambs,
3.5Od525.
Receipts-Cattle, 5000; hogs, 22,O0; sheep,
1000
The herald., 1897-08-21
Silver Bullion

NEW YORK, Aug. 2O-Bar silver 52%
Mexican dollars, 4O1s.
There was a sharp recovery in the price
of silver today, bar silver opening in Lon
don at 241ed., an advance of 7-16d. The
opening price here for bar silver was 52%,
a rise of q. Mexican dollars were quoted
at 4O1a. against S9%. Yesterdays low level
invited buying, which induced the recov-
cry, but the market is reported rather weak
at the price.
SAN FRANCISCO, Aug. 2O.-Bar silver,
52A; Mexican dollars, 44A644ss.
LONDON, Aug. 2O.-Bar silver, 241ad.
The herald., 1897-08-21
Money Quotations

NEW YORK, Aug. 20.-Money on call
easy at 1Ad11a per cent last loan, IL per
cent; closed, offered at ~ per cent; prime
mercantile paper, 3s4@41s per sant: sterling
exchange steady, with actual business in
bankers bills at 4.S5ls0l4.S5% for demand
and at 4.sS1aM4.s3s4 for sixty days; posted
rates, 4s5ls@4S6 and 4.S61G14.ST: commercial
bills, 4.S2; silver certificates 50G521a.
SAN FRANCISCO, Aug. 20.-Drafts,
sight, 5; telegraphic, IA
LONDON, Aug. 20.-Consols, 112A
The herald., 1897-08-21
Real Estate Transfers

MIA Auss. ~.
Adams-Phillips company to A. Macy
Part of lots /, 2, 8 and 4, H. Hills subdivls-
ion; s93OO
]. f. and E. L. Hook to L. B. Walker
Lot g. block GG, Glendor townsite: $500.
G. W. and A. S. Morgan to E. M. Winston
Lot g. Oaks tract; $780,
]. and A. Banbury to M. E. McGee-Lot
TO- Howell & Hoy's subdivision; $500.
M. and H. Aufdemkamp to S. Mccoy
Part of lots II and 12 block N, West Los
Angeles; $1,000.
G. to ]. A. Mason-Lots and 6, block 2;
IA and Is, block l. Mason tract; s13,47O.
K. Hermann to A ]. Mitchell-Assign-
ment of all interest in agreement 1O23-240
deeds; 1925.
T. and c. Leahy to G. S. Buck and e. A.
Buck-Lot 12, block 4, Thomas Leahy sub
division; $175.
F. B. and L. M. Surge to Adams-Phil-
lips company-Lots %, 81 and 33. block A.
A. j. Painters subdivision: $3.50.
SUMMARY
Deeds .............,.............. 81
Nominal .......................... "a
1Otal .$3Z, ,Sy4 70
The herald., 1897-08-21
Liverpool Market

LIVERPOOL, Aug. 20. No. red west
ern winter wheat closed firm at rs. 3d.. do
No. red northern spring, Is sgd. Corn,
American mixed spot new closed firm at
Ss. Nd; do old, firm, IS. Pad; do August,
steady, rs. I'D; September, steady, IS.
1ssd.; October, steady, 3s. 2ssd. Flour, st.
Louis fancy winter, firm, 9s. Cd.
The herald., 1897-08-21
Dried Fruit Prices

NEW YORK, Aug. 2O.-California dried
fruits quiet and steady. Evaporated
Apples-Prime. wire tray. 5lz; wood dried.
prime, 81; choice do, 6: fancy, 61a. Prunes
-31sQ7h. Apricots-Royal, 7@71s; Moor
park S@9. Peaches-Unpeeled, 6@S peeled,
11014.
The herald., 1897-08-21

York department, and given certain time
to make good an impairment, are up in
arms against Superintendent Payne. and
the secretary of the company has reitera-
ted that Payne is "a tool of the old-lne COM
panies and is anxious to kill off all mu-
tua,l companies"
The herald., 1897-08-21
Treasury Statement

WASHINGTON, Aug. 2O-Today's state
ment of the condition of the treasury
shows Available cash balance, 1920, 915, =
1888; gold reserve, $143, 052, ,321.
The herald., 1897-08-21
Boston Quotations

BOSTON, Aug. 2O.-Atchison 14sl; Bell
Telephone 237 C. b. and O., 94A; Mexican
Central, 54; Oregon Short Line, 81; San
Diego, II.
The herald., 1897-08-21
Petroleum
Local Quotations

NEW YORK, Aug. 20.-Petroleum-Penn
sylvania crude, nominally at Soc.
The herald., 1897-08-21
Mining Stocks

SAN FRANCISCO, Aug. 2O.-The official
closing quotations for mining stocks today
Upre as fOllows.
The herald., 1897-08-21

on the produce exchange today the but
ter market was firm; creameries. 11M11;
dairies, 10d14 Cheese, quiet, 7hdS. Eggs,
firm; fresh 121b
The herald., 1897-08-21
Bond List

NEW YORK, Aug. 2O.--The following
were the closing quotations on bonds to-
The herald., 1897-08-21
Stock Exchange Quotations

SALES-Wedge, 200 at A: Rand Mountain,
1900 at 3, 10000 at IL; Gold Bug, 1000 at
IA, 5000 at IL Portland 100 at 50; Little
Butte, 100 at 27, 100 at rs; Val Verde, HOO
at g.
The herald., 1897-08-21
Los ANGELES HERALD. SATURDAY MORNING AUGUST a. 1897

sides, loose, 51O@5.a5 dry salted should
ers, boxed, 5G5A; short clear sides. boxed,
5ssq51s whisky. distillers' finished goods,
per gal 20
The herald., 1897-08-21

Cash quotations were as follows: No. 2
spring wheat, 925s@95; No. spring wheat,
92; new, 941a@96; No. 2 corn, 294@291a; No.
white, 2O@21% fob; No Q rye, 4S; No. 2
barley, nominal; No. 3, 320l3S fob; No 4,
2S@3O fob; No. 1 fiaxseed. .131aG1 .15; prime
timothy seed, 2.75; mess pork, per bbl., s.65
GS.70; lard. per 100 lbs, 4.5711; short ribs
The herald., 1897-08-21
OFFICE OF THE HERALD,
Los Angeles, Aug. 20, 1897.

THAT man who thinks, keeps his own
counsel and saws wood rarely fails to get
somewhere near the spot he aims att
The herald., 1897-08-21

. The directors of the Buffalo Mutual Fire.
(which was recently examined by the New
The herald., 1897-08-21
Closing Stocks

NEW YORK, Aug. 2O-The following
are the closing stock quotations:
The Kootenai herald. [volume] (Kootenai, Idaho) 1891-1904, 1897-01-23
THE MARKETS BY TELEGRAPH
Metal Quotations.

New York, Jan. 19.-Bar silver, 64Ac.
price, Sill S5912.
Lead-Continues very strong with domestic
quoted at $3.50 by large handlers and the ex-
change figures at $3.05Q3.07h No business
was done on change.
Boston Wool.
Boston, Jan. 10 There is a better feeling in
the wool market this week and holders who
show any disposition to meet the bids find no
difficulty In effecting sale. The demand at
present is for medium fleeces and combngs,
while all good staple woods meet easy sale
price. While the stocks of wool on hand avail
able is liberal there is surplus of staple
the full market. The trade in Australian woods
has shown more activity this week and sew
eral heavy sales are recorded with prices
Territory wools-Montana fine medium and
fine, 9la411c; secured price, S0Q32c staple, "a
QS5c; Utah, Wyoming, fine medium and fine,
sole; secured price S0Q32c staple, 34Q35c
California wools-Northern spring. 11@1Sc;
secured price, SS@34c; middle county spring,
9ql0c; secured price, 30@32c.
Australian woos-Scoured basis: Combing
superfine 47q4Sc; combing fine, 42045c comb
ing. average, Ss@41c; Queensland eombing, AZ
Q44c.
London Wool Sales.
London, Jan. 19.-The first series OF the col
onial wool sales of this week opened at the
wool eAchange To-Day with prices Irregular and
weak A fair catalogue was offered and in
cluded an average selection of about $500 bales.
The attendance was good and demand good
with prices AW2d. lower.
Portland Wheat.
Portland. Jan. s.-Wheat-walla walla, SO
qS4c; Valley, S5@S6c.
San Francisco Grain.
San Francisco Jan. MISUNDERSTANDING,
s153% for No. l and s1.55 for choice; milling,
S160Q165
Barley-Feed fair to good, sOaS2lac; for
choice SIC; brewing, 9215a95c.
Oats-white, for feed, sl.1O@14O; Surprise
s15oQl6O; milling, s1.15q1-S5; black. for feed
s1@1.l5; black, for seed, s1.2061.S5; red, for
seed $11091. 20; red, for feed, s1.O7Ik01 10.
Chicago Grain.
Chicago, Jan. 19-In wheat the drift of
ish at the opening and the session naturally
started out with decline
Close; May wheat, 7s1zc; corn, 241sc; oats,
Receipts: Wheat 10000. corn 2l2OOO. oats
1853, 0OO
Chicago, Jan. 19.-Cattle-Sales were largely
at S390@475 with a good export demand at
A.S5 and upward. Stockers and feeders brought
$3.25d4; cows, S2.25q325; heifers, S34SSO; bulls,
81. 25Q3.50; calves s3.5096
Hogs-Common to prime lots sold at 49, 156
$50 largely at S330q3 As; big hogs OF coarse
quality being the worst sellers and choice light
and medium weights the best sellers. Pigs sold
at ss.25@3.5O.
sheep-Common to choice sheep were wanted
at S2.S0@3.S5; fed westerns. S3.50d3.S5; year.
lngs brought So. S5G4.40, and common to choice
lambs were in demand at ss.5O95.25.
Receipts; Cattle $500, hogs $4,000, sheep
Packing House Products.
Chicago. Jan. 1s.-Pork, 1872; lard, s4O2i
Miscellaneous.
New York, Jan. 1s.-wool-steady.
Hops-Quiet.
Petroleum-Dull; United closed at SIC bid.
Coffee-Closed steady; March, So. 4509.50; spot
Rio, dull; No. z, invoice, $40; jobbing, s10.50.
Sugar-Raw, dull fair refining, 13-16c; cen
trifugal, So test, S-16c; refined. quiet.
The Kootenai herald. [volume] (Kootenai, Idaho) 1891-1904, 1897-01-23
WILLIAM e. MASON IN ILLINOIS.
Chosen by the Republican Caucus
for Senator.

Chosen by the Republican Caucus
for Senator.
Springfield, Ill, Jan. 19.-Ex-C Congress
man William e. Mason was nominated
for United States senator at the republl-
can joint caucus tonight after one OF the
most bitterly contested battles in the his
tory Of the republican party in Illinois.
His selection was regarded by machine"
politicians as an impossibility up to with
in two hours of the time Of his triumphant
and unanimous nomination, the choice be-
ing the result of the withdrawal from the
race of Congressman William Lorimer,
who has held the almost solid vote of Chi
cago and Cook county.
AS the hour for caucus drew near the
sudden shifting of the Cook county forces
to Mason carried the other candidates of
their feet. The tide turned toward the ex-
congressman with a rush that carried
everything before 1t. Mr.. Masons selec-
ton is a distinct defeat for the combina-
ton of politicians known as the ma
chine" and clear victory Of the McKin-
ley forces of the state.
When the joint caucus assembled at
o'clock the contest was quickly settled. In
rapid succession were withdrawn the
names Of Congressman Lorimer, Clark Z.
Carr. Congressman Hopkins, Congress-
man Hit, Congressman Cannon and Sam
uel w. Allerton. The Withdrawals were all
in favor of Mason and were greeted with
enthusiastic applause. A motion to de-
clare Mason the nominee by reclamation
was met with a score of simultaneous
seconds and was adopted with a roar.
Warm Praise for AItgeId.
Long before the hour set for the meet
ing of the joint assembly, the galleries
were packed with visitors, who had come
to hear the nominating speeches. Repre-
sentative O'Donnel Of Bloomington nom
mated John p. Altgeld for the United
States senate in behalf of the democratic
members. His concluding sentence
brought forth cheers from both sides of
the house and galleries. After relating
the virtues of the ex-governor, he con-
cluded: III the motives of men be known
In heaven, then angels will speak his
name in sweetest accents" Representa-
tive Blood, populist, seconded the nomin-
alton OF Altgeld. Other addresses were
made in praise of Ex-Governor Altgeld
The republicans refrained from speech
making, also from voting, except that
one vote was cast for each republican
candidate. Altgeld received the full dem
ocratic vote. No quorum having voted,
each house adjourned until tomorrow.
The Kootenai herald. [volume] (Kootenai, Idaho) 1891-1904, 1897-01-23
government VIII Night II.
LEADvlLLE MINERS REJECTED IT..
Final Proposition of the Managers
to the strikers.

Leadvine. Colo, Jan. 1.-THE final PROPOSE.
tion of the mine managers to the striking min
ers Of this district, which was approved by
Governor Adams and E. ". Debs, tonight
rejected by the miners. The vote in their
meeting against the acceptance was almost
unanimous.
just before the adjournment OF the meet
ing a series of resolutions adopted to the
effect that the miners would submit the case
to arbitration and abide by any decision thus
made. The governor said he would submit
the resolutions but he had Idea that arbi-
tration would be agreed by the managers.
This ends all negotiations so far the gov
ernor is concerned, and he leaves for home at
midnight. The only change made in the propo-
stion OF the managers as given in the Asso-
ciated Press dispatches last night was the con-
cession of increased pay for TRAINERS and
other outside men predicated upon advance
in silver and this has proven unsatisfactory to
them, although the general sentiment in regard
to the contract of 1893 by the strikers was that
the managers had done even better than
expected OF them.
The sheriff of Lake county has ANNOUNCE
ed his approval of the managers proposition
and said that IN case of its rejection he would
turn his attention to the protection of every
man who wants to work in the mines here
While the general situation here is gloomy
in the extreme all feel certain sense of relief
in the knowledge that no settlement can be
reached and that no more time is to be wasted
In endeavors to that end.
To SuppIant LOcked-Out Men
Denver, Jan. 19.-One hundred miners arrived
here today from Joplin Mo-, to take the places
in the Virginius mine and Revenue tunnel OF
a portion of the men who struck several weeks
ago and are now virtually locked out. About
100 OF the old men have been taken back and
the mine owners intend to bring in more men
Nominations.
Washington, Jan. 19.-The senate committee
finance today voted to report favorably the
nomination of W. S.. Forman, Illinois, to be
commissioner OF internal revenue. 1t is ex-
pected there will be opposition to the con-
firmation in the senate. The committee also
ordered a favorable report upon William Crow
McCreery to be collector for the First dis
trict of Missouri, which has been held up since
December 10. The opposition to McCreery Ia
not so pronounced as against Forman.
The Kootenai herald. [volume] (Kootenai, Idaho) 1891-1904, 1897-01-23

Frank Walton is editor of the Pocatello
Advance. He came very near election if
reports concerning the democratic eau
Gus are correct. 1t is said the caucus
came within one vote of naming him,
which would have insured his election.
One democrat, Elder of Latah, voted for
Clagett on each ballot. Fem voted for
Bierbower and Rigby again cast his bal
lot for Johnson.
AT the caucus this afternoon the popu-
lists named j. w. Ballantine Of Blaine
to receive their votes tomorrow The
democrats have been in caucus this even
ing but the result has not yet leaked out.
1t Is rumored that they have been plan
ming to cast their vote for some weak
man put up by the populists for the pur-
pose Of disclosing alleged insincerity on
the part of the populists If this is done,
1t will probably result in an election, as
the populists will scarcely desert their
man, as is supposed by the authors of
the scheme
1t Is announced that R. z. Johnson has
come out for Dubois. He is regarded as
one of the foremost democrats of the
state and is a candidate himself in the
event of there being a chance for a dem
ocrat. One democratic leader said today
the event of his again being put up by
the populists. The pull among the dem
ocratic leaders outside of the legislature
is very strong for Dubois but so far 1t
has been impossible to make an impress
sion.
Governor Steunenberg is credited with
being the most powerful factor in pre-
venting democratic accessions to the Du-
bois column.
Legislative Action.
In the senate today a bill was passed
under suspension of the rules to remit
penalties on delinquent taxes for 1885, A
long wrangle over printing senate bills
was brought to a close in most peculiar
manner The committee had made a
contract with the populist paper for s1.50
a page, though much lower bids had been
received, some as low as s1.15. The senate
refused to ratfy the contract, the COM
mittee resigned and a new one was ap-
pointed with instructions to let the con-
tract go to the lowest bidder. Today the
new committee reported that the attor-
ney general had advised that 1t was the
moral duty of the senate to adhere to the
original contract, and the report was
adopted.
Dubois today received a dispatch signed
by the lieutenant governor and speaker
of the Colorado house announcing the
vote for Teller there.
The Kootenai herald. [volume] (Kootenai, Idaho) 1891-1904, 1897-01-23
THE CONFESSION or A FIEND
Says He Caused the Cacaba Bridge
Disaster.

New Orleans. Jan. ia special TO the
Times-Democrat from Atlanta, Ga, says:
Sam Palatka, cross-eyed, a nend in express
sion, revolving in countenance, has confessed to
having perpetrated the horrible Cahaba bridge
disaster, which occurred three weeks ago in
Alabama Stolidly and with immovable lines
of criminal harshness on his face, he admits
that single-handed he sent So persons to a hor-
rible death and wounded and MANNED a score
more.
There was no romantic reason back of the
work OF this courageous coward, a man who
dared discovery, which in Alabama meant GER
tain death, to drive train to destruction In or
der to obtain a few dollars.
Paatka was arrested in Eatonton, Putnam
county, in middle Georgia. His first captors
believed him half-witted he gave himself
away. Those in charge of him today In At
lanta as he was on his way to Alabama say
he is absolutely reckless and entirely with
out human feelings. Today he spoke of the
fearful wreck with no sign OF emotion.
IT did IT," said Palatka. Il wanted money
IT is nobody's business what I wanted il for
I did II. I found It very easy. I say this for
the benefit OF those who want to wreck trains.
It's just easy to wreck a passenger train
to wreck freight train. There is no money
in freights. 1 did not get anything out of the
wreck. I moved a rail, put it across the track
and the whole business seemed to fall. There
were plenty Of dead folks with money-one
man had s500-but before I could get at 1t the
live ones got up, and then the crowds came,
and 1 skipped out"