davidaulloa/AmericanStories huggingface dataset:
The daily morning journal and courier., 1898-02-17

scontinued on Third Page.l
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-01
MCCULLOUGH LIKELY TO BECOME
THE NORTHWESTERN's THIRD
VICE PRESIDENT.
WORKED FROM A CLERKSHIP
UP TO THE POSITION OF TRAFFIC
MANAGER OF THE
ROAD.
Great Western Going to Run Ex-
cursion Out of ChicaSo-Branch
Line to BE Opened.

Horace G. Burt's election to the presi-
dency of the Union Pacific creates a
vacancy in the Office of third vice presi-
dent of the Chicago & Northwestern.
I he general opinion is that Hiram r.
Mccullough will be appointed to fill the
position. Mr.. Mccullough Is the gen
eral traffic manager Of the Northwest
ern and is an able and efficient official.
He is q son-in-law of President Marvin
Hrghitt. but the high rank he has OBJ
tanned on the road is solely due to his
individual merit. He is forty-seven
years of age, and has been in railway
service since 1876. He has been in the
service of the Northwestern since 1880,
and worked his way up from a clerk
ship in the general freight department.
In 1885 he was made general freight
agent Of the road, and when Mr.. Burt
came here to take the place vacated by
w. H. Newman, Mr.. Mccullough was
made general traffic manager.
The third vice president has always
been the chief traffic official Of the road,
and 1t is therefore but natural that Mr.
Mccullough should succeed Mr. Burt.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-01
ONE IN EVERY FOUR.
One Person in Every Four Suffers
From Piles.

About one person in every four suf-
fers from some form Of rectal disease.
The most common and annoying is
Itching piles, indicated by warmth,
slight moisture and intense, uncon-
trollable itching in the parts affected.
The usual treatment has been some
simple ointment or scalVe which some
times gives temporary relief, but moth
ing like a permanent cure can be ex-
pected from such superficial treat
ment.
The only permanent cure for itching
piles yet discovered is the Pyramid
Pile Cure, not only for itching piles.
but FOR every other form Of piles,
blind, bleeding or protruding. The
first application gives intense relief
and the continued use for a short time
causes a permanent removal of the
tumors or the small parasites which
cause the intense itching and discom-
fort of itching piles.
MANY physicians for a long time sup
posed that the remarkable relief af
forded by the Pyramid Pile Cure was
because it was supposed to contain
cocaine opium or similar drugs, but
such is not the case. A recent careful
analysis of the remedy showed it to
be absolutely free from any cocaine,
opium, or in fact any poisonous, in
furious drugs whatever. Sold by drug
gists at so cents per package.
Send to Pyramid Co., Marshall,
Mich, for free book on cause and cure
Of piles
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-01
EXTENSION GRANTED.
The overman wheel Company VIII
he Able to- Resume.

SPRINGFIELD, Mass, Dec 31-The
creditors OF the Overman. Wheel COM
pany, which made an assignment early
in the week, held meeting at Chico
pee Falls today. and decided upon a
policy which will probably result in
placing the company back upon it's feet
and the resumption of work in the big
factory early next week. Creditors
holding claims to the amount of up
wards of 100000 of the total indebted
ness of $648,000 were present and were
unanimous in their desire to give the
company every opportunity. An agree
ment was drawn up for signatures Of
creditors, naming a committee to rep
resent the interests of the creditors in
conducting the business under the as
signment to H. H. Bowman as trustee.
By the same agreement the creditors
bound themselves to extend the time
for the payment of all claims G, II, 18
and "a months from Dec. 81, 1897, the
Indebtedness to be paid in equal in
stallmentS at the times named with
interest. This agreement was signed
by large number of creditors, and
there is no question but it will receive
the Endorsement of the rest
President John Carr, of the First Ma
tional Bank Of Boston, stated to the
meeting that the bank, which is a
creditor to the extent of $4,000, was
ready to make an additional loan of
$4,000 to the company. 1t was devei
oped at the meeting that the advance
order list previously quoted at $780,
600, was in reality 1911, 600.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-01
RAILWAY Nntea.

Joseph Seiberts, master mechanic CT the
Montana division Of the Great Northern, went
West today. He has been a visit to Du-
luth.
One of the results of the recent agreement
between Western railroads and the trans
atlantic steamships Is that the representatives
OF the latter are to have annual passes.
The Burlington has announced that 1t will
reduce the time of passenger trains between
Denver and Chicago to twenty-four hours, the
ton has made q commotion in passenger
circles.
Silas w Petit, of New York. a we'll known
railroad attorney. who was counsel for Bray
ton Ives during the litigation over the North
ern Pacific system, was at the general Of
fees of the company yesterday. He came in
from the West. and left for horc last even
Ing
The 500 Pacific, the Northern Pacific and
the Great Northern passenger departments
have been comforting over a proposition TO
charge for dogs taken by travellers to the
accompanied by three four dogs aud they
require considerable amount of room and
attention. The rate proposed IS $3.50 from st.
Paul 20 the coast.
The Great Western road has announced
that It will run excursion trains twice each
month between Chicago and Southeastern
Missouri river points, and when the Barling-
ton announced that 1t would carry the rates
into Council Bluffs and Omaha the Great
Western made a rate of SIS Cor the round trip
between St. Paul ard Kansas City.
George II. Mead. advertising agent CT the
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-01

of prosperous business. but of numer-
Gus business embarrasSments. Com
pared with 1885, there was q gain in the
number Of failures shown of about
half Of per cent, while compared with
1892. there was an increase of 81 per
cent. Liabilities of those failing con-
stituted one of the smallest totals of
recent years. amounting to only $685.
10000, a decrease OF 81 per cent from
1896, of 60 per cent from 1893 and Of
10 per cent from 1891 but a gain of At
per cent over 1892. The least favorable
showing is made by the Eastern states,
which report increases in number and
liabilities over 1896. o In spite of de-
preston in cotton prices, Southern fail
ures and liabilities aregsmaller than
year ago, while the greatest falling
off is reported in the West and the
Northwest The percentage of assets
to liabilities of those falling in 1897
was 54.4 per cent, THE smallest per
centage since 1893, and only slightly
above the normal. THE commercial
death rate. that is the percentage of
those in business falling, in 1897 was
1.20, as compared with LAO in 1896 and
150 in 1893
Those reliable indices of the business
situation, bank clearings, point to the
year 1897 as witnessing the heaviest
business, both speculative and CONNER
cfal, done since the record year 1892,
just preceding the panic The total
clearings at fifty-eight cities for the
year, one week estimated, aggregated
at least $56. 1926, 100000, a sum larger by
u per cent, than the total Of 1896: 8
per cent larger than 1895, the disap-
pointing year, when boom in iron and
kindred products led to false hopes Of
business Improvement; % per cent over
the year 1894, when the depth of de-
preston following the panic may be
said to have been reached; 5 per cent
over 1893, the year of widespread disas-
ter in financial and commercial circles
and only Z per cent smaller than the
total Of 1892, when the boom following
the large foreign demand for American
breadstuffs and other products reached
its height. Practically the entire gain
in clearings in 1897 was concentrated
in the last six months, and 1t Is a
significant fact that the heaviest
monthly total reported for five years
past was reported in the month of De-
cember. Gains were heaviest in the
Northwest, the middle and New Eng
land states, and smallest in the South,
at the latter Of which the trade i'm
provement was rather later in arriving
The total exports Of wheat flour as
wheaO from both coasts OF the United
States and Canada amount to 5,495, coo
DuSneIS, or GOuDle those in this week a
year ago, and 100000 bushels larger than
last week. Corn exports are slightly
smaller. aggregating 4,OS6.OO0 bushels
against 4,S79,0 900 bushels last week, and
2,742000 bushels last year.
Business failures for the Dominion Of
Canada and New Foundland for the
calendar year 1897 amounted to 1927
with total liabilities Of $13,219.OOO, a
falling off Of Is per cent in number, and
of 10 per cent in liabilities from a year
ago.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-01
REDS MAKE CONTRACTS.
Ten Indians Prepare for Heavy
logging Business.

logging BUSINESS.
WASHINGTON, Dec. Bland Com
missioner Hermann today gave out a
list of the contracts between the In
dians and the lumbermen in Mime
sofa for dead and down timber on the
Chippewa coded lands. 1t shows that
ten Indians have contracted to deliver
100000 feet Of this lumber, more or
less, out of which it is expected they
will realize neat sum for themselves.
The contracts are as follows:
Maggie A. Seeley, White Earth, with
George f. Porter, Minneapolis, 4 900 900
feet; William Bonga White Earth,
with H. c. Akeley L, mber company,
100000 feet; w. r. Sp> are, Red Lake,
with John A. Kennedy, Morrison coun-
ty, 100000 feet; Nebenettic, Winnibi-
goshish, $1,000, 600 feet; Pat L. Parrault,
White Earth, with Wild Rice Lumb Der
company, Norman county. 100000 feet:
Alex Mckenzie, White Earth, with
Wild Rice Lumber company, SEQ 900
feet; e. L. Warren, White Earth, with
John II. Nevers, Brainerd, 5000 900
feet; Clara Ducette, White Earth, with
D. j. Hartley, Brainerd, 1,50O. 900 feet:
w. 7. Warren and Selim Fairbanks.
White Earth, with Thomas II. Sher-
man, Minneapolis, 1,000,0 feet; Ona-
hegwonaybec. Red Lake, with John F..
Irwin. Heunepin county. 100000 feet.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-01

prospect of liquidating 100000 bushels
Of wheat. The leaders Of the bull clique
stated before the opening of today's
session that there would be no excite
ment in the wheat pit or any violent
fluctuations, and their predictions were
verified when the closing bell tapped
and the curtain was rung down on an
other year. The world is looking to-
ward this city where Letter and his
associates control the largest individual
line of wheat in the world and what
may safely be said the highest grade
of wheat held in any market"
LETTER TALKS.
For the first time since the big De-
cember deal commenced, Joseph Letter
talked freely on his plans.
I'VE can do no more than sit on our
pyramid of wheat and wait until some
one comes and buys it," said he. II
am confident that the price Of wheat
will go up, and that we will sell our
wheat at much higher prices than at
present quoted for cash wheat in the
market There will be no more sensa-
tional activities in wheat so far as we
can help it. We have bought wheat
only as merchandise and not as
speculative commodity. There is no
special reason why we should feel de-
spondent when we know our wheat
lS OIL exceptionally nlSn SrauS, has pSSH
bought cheap and that the general
conditions of supply and demand are
in our favor Personally, I am entirely
out Of May wheat"
Mr.. Letter also said that when he
had disposed Of his present pile Of
wheat he would quit the grain business
entirely. notwithstanding this fact, 1t
is generally believed by traders that
the December deal is to be carried over
into May. Allen & Grier. who have
been the principal agents for the Letter
party in the transactions in Deem
Der, have, it is said bought 100000
bushels of May wheat from one firm
alone, and this fact is pointed out as
ground for the belief. The Letter peo-
pie believe that they will be able to
dispose Of the 100000 bushels Of
choice wheat in their possession at
close to the price Mr.. Armour is said
to have predicted wheat would go to,
$1,25
The total amount Of wheat delivered
today on December contracts amount
ed to about $4,000 bushels, making IN
ell 100000 bushels of contract grade
wheat on hand in Chicago.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-01
EASIER MONEY RATES.
ForeshadOwed by the Weekly State
ment of tho tanks.


NEW YORK, Dec. 31.-The F'inan-
cier says: The statement Of the asso-
ciated banks Of New York city for the
week ending December 81 is an argu-
ment in favor Of easier money rates
The banks since Dec. "a have gained
in cash So, TAG, 200, and their net depos-
its have expanded nearly $6000,0 900. AS
the gains in cash and in deposits were
almost identical, the reserve has in
creased in proportion-that is, it Is
about rs per cent Of the total cash eX-
pansion. The result is that the margin
of excess reserve has been increased
$4,265, 300, and at the close of the week
stood SIS, 7S8,750. In view of this show
ing, all fear Of stringency over the
close of the year must be dismissed.
During the next week the Union Pacific
committee will make another $4,000, 900
payment into the treasury. and there
is no likelihood that it will have any
more effect on the market than last
weeks settlement of a similar amount
caused. This will end a transaction
which had an important bearing on
money affairs for some time, and a
normal period will succeed it.
The decrease of $2,S24,70 In loans
for the current week appears to have
been more than accounted for through
the operations Of three large banks.
Probably the advance In call rates
earlier in the week was responsible for
this, but, as a matter of fact, the de-
tailed statement shows the loan item
Of the majority of the banks higher
than at the close of the previous week
The annual dividend period, with its
call for over 800, 900, 900 Of disburse-
ments in New York, has caused more
or less shifting of funds, and it is only
natural that there should be an in
crease in the cash necessary for pay
ments. If the current statement re-
fleets the actual business of the banks.
the deposit gain during the past six
days has been in cash. rather than in
credits.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-01
NEW YEAR OUTLOOK.
Business Men Generally in n Cheer
full Frame of Mind.

full Frame of Mind.
NEW YORK, Dec. 1-Bradstreet's
tomorrow will say: Holiday quiet and
stock taking close year which, while
not fully realizing the most sanguine
expectations, certainly contained much
that was gratifying and more that is
full of promise for the year 1893. Fol
lowing series of years of alternate
panic stagnation and slow and even
painful revival, 1897 presented a large
volume of business, done, as a whole.
at prices which, while not altogether
satisfa Glory, resulted in a total Of
trade larger than in any previous wear
since 1892 Tariff changes restricted
demand, but encouraged speculation
and heavy imports in the first part of
1897, while the enlarged foreign de-
mands for American breadstuffs and
for some varieties of manufactured
articles bettered the condition Of the
American farmer, and therefore, bus
mess men, quite materially in the lat
ter part of the year.
Price conditions have not favored
the Southern cotton goods. The best
reports come from the West, North
west and the Pacific coast Prices at
the close are, as a whole, on a higher
range than at the opening, advances
being most numerous in food products
reported in raw cotton and cotton
goods. nearly all metals, anthracite
coal and petroleum.
Railroad interests share in the re-
vival of prosperity with gross and net
earnings larger than any year since
1893, and the year 1898 opens with the
business community, with the few ex-
ceptions noted. in a very cheerful
frame Of mind.
A heavy falling off in number and in
liabilities Of individuals, firms or cor
poratfons failing was shown in 1897
from 1896 and the four preceding years.
A partial return to more or less nor
NAL conditions is further indicated by
drop In the percentage of assets to
liabilities and by a reduction in the
commercial death rate, as compared
with every year since and including
1893. The total number of failures re-
ported to Bradstreet's for the year just
closed was 1909. a decrease Of ? 900
failures and over Is per cent from 1895;
a falling off Of Is per cent from the
panic year of 1898, and a decrease Of
more than 2 per cent from 1891, year
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-01
OLD STRAW THREsHED.
Western Roads Discuss the Matter
of HOmeseekers' Excursions.

CHICAGO, Dec. 31.-A meeting of the
Western lines was held today for the
purpose of doing away with the home
seekers excursions, which it is said
have been a demoralizer Of winter tour
list rates. The same old straw was
threshed over again with the same old
result, and the excursions will be con-
tinued for the remainder Of the winter.
There is possibility that the roads
may take them out, but it is not con-
sidered likely. It is probable, however,
that they will be. confined to the first
three months of the year.
The Pacific Coast Steamship company
has called the attention of the Western
roads to the fact that it will be prac-
tjcally impossible for 1t to handle the
great number of passengers for Alaska,
which the roads say they will land in
Seattle in the spring without some de-
lay. 1t also announces that it cannot
guarantee to carry passengers upon
any particular steamer at any particu-
lar time It will not be responsible for
the detention of passengers at San
Francisco, Portland and Seattle. and
tickets good on its steamers must be
sold subject to these conditions.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-01
LOWNDES DRAWS OUT.
Not IA Candidate for the Maryland
SenatoirsiIp.

p BALTIMORE, Dec. 31.-Gov. Lown-
des has Withdrawn from the senatorial
contest. Speaking of the senatorial
situation and his position in regard to
it. the governor says: This conclu-
sion have reached after carefully con-
sidering the circumstances surrounding
my nomination by the Republican party
for the office 1 now hold and the cir
cumstanccs under which I was elected
to that office. L shall not attempt to
conceal the fact that 1 have had an
ambition to represent the state in the
senate Of the United States and l have
so publicly expressed myself. But L
wish it distinctly understood that it
was never my intention, as has been
insinuated, to use my Office as COVER
nor Of this state in the manner which
has been attributed to me. l believe
that If I desired to use the patronage
of MY office to make myself the senator
from Maryland it could be done. L
think those who know me feel that
rather than crafty any desire L may
have had to be senator from Maryland
by the prostitution of the office 1 hold
for my own personal advancement, l
would resign it tomorrow and never
again enter public life"
Gov. Lowndes was asked what his
ideas were regarding the senatorial
race and what would be the effect Of
his withdrawal. He said: Judge Nc
Cumas has a strong following. He is
eminently qualified to represent Mary
land in the senate of the United
States"
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-01
BURT IN CONTROL.
Finally Assumes Charge of the
Union Pacific System.

union Pacific System.
OMAHA, Neb., Dec. 31.-Horace G.
Burt, president-elect of the Union Pa
cif1c railroad, formally assumed charge
of his new office this morning The
event was unattended by any demon
stration or by any acts that would
signify that the installation of a new
regime had taken place. Accompanied
by Oliver w. Mink, the first vice presi-
dent-elect Of the reorganized company,
President Burt arrived in Omaha this
morning from Chicago on the "Over-
land Limited train of the Northwest
ern. Mr.. Mink went to the headquar-
ters Of the Union Pacific at an early
hour, while Mr.. Burt spent the first
part Of the morning calling on a num-
Der Of friends up town. After making
his calls President Burt proceeded to
the headquarters of the railroad OF
which he has been chosen the chief
executive. He spent the remainder of
the morning closeted with Vice Presl-
dent Mink and General Manager Dick
inson. In a brief Interview President
Burt said he had arrived in Omaha to
stay, and should take charge of his
new office at once. He said the re-
ceivers would remain in control of the
property for some little time yet, but
it was impossible to tell just when
the receivership would be terminated.
Re garding changes in the official fam
lily of the Union Pacific, Mr.. Burt said
he thought there would be none at all.
Tomorrow President Burt, Vice Presi-
dent Mink and General Manager Dick
inson will leave for a trip of inspection
over the Union Pacific main line. Just
how extended this trip will be, or what
other officials, If any, will be called to
go along with the presidents party,
are matters that are not known.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-01

Great Western, came up from Chicago yester-
cay and will spend day or two here.
The general Offices as we'll as the city ticket
Offices. OF all the ST. Paul roads will be closed
all day today.
Vice President Newman. of the Great North
ern, Is in Chicago.
The sale of Canadian excursion tickets
the business for the year was about equal tn
that OF last year. The tickets bought are
good returning until about the middle Of
January. -
PRESIDENT Hill and other officials of the
Great Northern have been visited by a deIs1
cation of citizens of Grand Forks repre-
senting business men suffering losses from the
nre which destroyed the Hotel Dacotah and
other property there. 1t is proposed to re-
build upon the ruins. The conference was
OF general nature, having reference to the
advancement OF the commercial interests Of
the locality.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-01
ASSOCIATION WANTED.
TranscOntinentaI Lines Feel the
Need of IN Agreement.


CHICAGO, ILL.,. Dec. 31.-Another
effort is to be made in the near future
to reorganize the old Transcontinental
Passenger association. The longer the
roads work without an association the
more urgent do they feel the need of
one, and the decentralization of rates
in transcontinental traffic has been so
great during the most of the year, that
the roads declare that they have lost
much revenue, which might have been
saved If they had been working under
q strong traffic agreement. The prin-
cipal obstacle to the reorganization OF
the association has been the position
taken by the Union Pacific, which has,
by it's refusal to join any passenger as
sCciation, caused more trouble to the
transcontinental lines than it has to
those of the Western Passenger associ-
alton. Most of the passenger men who
favor the reorganization of the associ-
alton are now of the opinion that they
will have little trouble in inducing the
Union Pacific to become member. and
it is likely that a meeting of all the
transcontintal roads will be called for
this city some time In January.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-01
ONE ON HIMSELF.
General Passenger Agent HeafYord
Tells Story.

Speaking Of the cutting Of freight rates and
the task in store for the general freight
agents, General Passenger Agent George H.
Heafford of the Milwaukee, who has always
a new story ON tap has the following apropos
of the action of the board of managers Of the
Joint Traffic association:
"a number of years ago I was doing some
business for the road on the quiet, without
the presidents knowledge. One day he found
out about it and sent for me. Instead OF
scolding me for what had occurred he said he
would like to tell me a little story. This
was It:
&c There was once man who had influence
enough with the board of directors of rail-
road to get any position he wanted. They
asked him what he desired. and he said he
would like to be president of the road. Three
weeks later he came back to the directors and
said he was tired of being president and