The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-03-11
TAKEN BY SURPRISE
CONGRESSIONAL FORECAST AS
T0NIsHES IMPORTERS.

There Is Much Hurrying to and Fro to Get
Their Goods Out of Bond Before the
New Tariff Law Snaps Shut on Them
South American Business Men Coming
to America to Promote Trade Relations
Sale of the DIonon. and Other Railway
News-Fire Insurance Union, and Other
Conventions.
New York, March 10.-The World says:
The dispatches from Washington predict
ing that congress at its special session
will at once increase the revenue by add
Ing from 10 to So per cent 10 The schedule
panic among importers and an almost
Of the Wilson bin have created a small
unprecedented rush 10 get bonded goods
put Of the warehouses before the threat
sned increase takes effect
The proposed summary action Of con-
gress has taktn merchants by surprise.
While they were prepared for special
session to pass new tariff law, they eX-
oected that the new bAl would occupy the
attention of congress- for at least six
months, which would give them ample
time to withdraw the $19, 100000 Of goods
which were in bond on January II. 1t
mad never occurred to them that con-
gTess might adopt temporary measure
for increasing tle revenue, and the pos
EibiIity OF such thing, with only about
ten days 70 get their goods out OF bond,
at the present rate Of duty, caused e
genuine sensation. IL is understood that
Butterfield & Co. and other importers OF
dress goods are among the heaviest
Witndrawers.
In banking circ.es there is a greatly in
creased demand FOR loans ~ commercial
paper. At ere Of the banks loan Of
300 COO was negotiated by big import
ing firm for the purpose of Withdrawing
goods from torG and the paymen. OF
duly thereon.
SOUTH AMERICAN GUESTS.
Providence, r. l., March 10-The party
CT fifty representative South American
business men who viii visit this country
In June as guests of the Philadelphia
Commercial Museum, VIII come to Rhode
Island. They viii be entertained by the
Providence board OF trade. After !eav-
ing Providence the visitors will go TO
Boston to spend three days. The visit
of the party is made with view of in
creasing trade between the United States
and South America.
GRAIN CHARGES REDUCED.
Milwaukee, Wis. March 10.-The cham
Der of commerce today reduced weighing
charges on grain going into elevators
from 40 cents to So cents per 1000 bush
e.s and the charge for inspection Of grain
from elevators 10 vessels from 40 cents
TO % cents er ] 900 bushels. Both of
these reductions are to go into effect on
April L
FLOUR Blockade.
Milwaukee, Wis, March 10.-General
Freight Agent johnson of the Wisconsin
lines states that if it is found that the
f. and NJ, P. steamer line cannot handle
the traffic al Manitowac offered by the
Central, the freight would be diverted
over other lines. The F. and NJ. P. is still
struggling with an unfortunate strike of
freight handlers at Ludington. The Cen
trail has between 500 and 1000 cars of
-four and other freight scattered along
Its line.
WESTERN TELEGRAPH PEOPLE.
Milwaukee, Wis, March 10.-A party
OF officials OF the Western Telegraph
company arrived in Milwaukee over the
Chicago and Northwestern this morning.
In the party were Colonel r. C. Lowery,
vice president and superintendent, Chi
cage; L. II. Tubbs. district superintend-
enc, Chicago; George Van Chauvin, Lon
don, English representative OF the COM
pany, and several gentlemen from New
York VINO are interested in the Grand
Trunk railway. The party is making a
tour Of the northwest and west for the
purpose of inspecting the companys
property and satisfying themselves of
the general conditions, needs, etc. They
eft for Chicago this afternoon.
SALE OF THE MONON.
Indianapolis, Ind, March 1O.-The Mo-
non railroad was sold this morning in
this city. 1t was bought in by H. II. Jo-
line OF New York, who bid for the Teor-
Eanizatbon committee composed Of Fred
ocick P. Olcott, F. c. Rouse and Henry
W. Poor, all of New York. The price was
5000. 600. There was no other bid. The
road viii be reorganZed about May !,
and will be known as the Chicago, Indi-
annapolis ana Louisville railroad.
ST. LOUIS STREET CAR LINES.
S. Louis. No. March 10.-The Peoples
Railway company and the Fourth Street
and Arsenal company. both of which
went into me hands of a receiver Mon
day. VII be reoTganized and consolidated
by the bondholders. An indebtedness Of
$4,000 viii be paid off, and the new
company viii be formed after the bonds
and interest coupons have been called in,
and bonded for $1,000. 600. The present
rolling sock and equipment Of the Peo-
PIES Railway company viii be sold and
the motive power changed from cable
10 electric.
TOURING THE SANTA FE.
Los Angeles. Cal. March ia spec;a,
train has arrived over the Santa Fe con-
iainng the following officials of that
road: President Ripley, his assistant, G.
VI. Higginson; James Dunn, chief engia-
ear; J. 3. Purden, assistant engineer; W. |
g. Nevia, general agent; W. +. Smith.
secretary; john Player, superintendent
Of machinery; John A. Mccall. president
If the New York Life Insurance COM
pany, VINO is one Of the directors; Ed
ward y. Gibbs, and J. Parker. directors;
e. W. Smith, receiver Of the Atlantic
and Pacific Railway; y q, Wells. gen
erai superintendent. and W. H Smith.
purchasing agent They are on tour o.