The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-06-15
PHIL ARMOUR BUYS
Takes Four or Five Millions off
Letters Hands.
ATTACHMENT Is ISSUED
In New York Against Letter
Panic in Liverpool.
ATTACHMENT IS ISSUED

Chicago. June 14-P. D. Armour today
bougt al OF Joseph Letters cash wheat
in the onrthWest, amounting TO 100000 or
100000 bushels semiauIhoritativs infor-
nation Is also obtained that Armour will
take up all of Letters wheat.
1t is generally admitted that the sale
to Armour clears the atmosphere 10 con
siderable extent. and If trustees are neces
sary to Aouidate the rest OF IAeter's cash
wheat IN this city. IN New York, adoat on
the ocean and in European store houses.
it will not require much time TO dispose
OF the remaining 2.0o0. 900 bushels or more.
There will apparently be little difficulty
in winding up the deal. inaSmuch as 1t
is authoritatively stated that bids have
been received for al cash wheat that
Letter has. There is a fair prospect that
Letters creditors will lose nothing and
that the wheat Will bring in sufficient.
with recovering markets. TO pay all
claims
ATTACHMENT IN NE WORK
New York, June l4-Justioe Daily, of
the supreme court has issued an attach
ment against the property Of Joseph Lie
ter. the wheat Spectator OF Chicago. for
s7s3. 525, in favor of Otto E. Lohrke. W.
z. Callaghan and William Knight, grain
dealers. for money advanced.
The attachment was levied upon funds
belonging TO Letter and deposited IN the
Chase National bank, the Hanover bank
and other financial concerns in the city.
The plaintiffs, who comprise the firm Of
Otto q. Lohrke g. Co. assert that they
advanced. at the special instance and re-
quest of Letter. in various sums. s7s3, 925
since February. 1898. which he promised
to pay on demand. They allege that he
has refused to pay the amounts so sd-
vanoed TO him. The attachment was is
sued on the ground that Letter is q non
resident.
Mr.. Aarons, counsel for the plaintiffs.
said that o. E. Bohrke. one OF the COM
plalntants, was the shipping agent in this
city for Letter and had handled for him
many millions of bushels OF wheat. Mr..
Aarons said his clients were not anita
gonistic to Letter and secured the attach
ment because of the number of interests
they protect. The attachments, Mr.. Aar-
ons said. would probably be satisfied be-
fore the close of the day.
Chicoga, June l4.-It was stated by
friends of Mr.. Letter that the attachment
issued against him in New York will not
affect the situation-that IL will not force
an assignment. The appeal TO the court
in New York was evidently anticipated. as
a representative of a creditor was here
and told Mr.. Letter that he was "going
to do something" Mr.. Letter told him to
go ahead and do II.
PANIC IN LIVERPOOL.
London, June 1.-THE collapse OF the
Letter wheat corner has caused a panic IN
the Liverpool market In London the
news OF the collopse was received with
equanimity. The consensus OF a number
of operators on Mark Lane is that the
English markets will gain a steadlness
now that the plunger without market
precedence is shaken OUT
It is asserted on Mark Lane that the COL
lapse was due TO Messrs. Armour and
Pillsburg. The newspapers generally
rejoice at the break down OF the Letter
plans and point to fl as a moral
The Star says: III the prime mover in
this war against mankind is beEgared By
his greed. the retrihution is we'll rnerited
Nothing can aS~~&Gr the awful suffer
ing Letter and his accomplices have
caused