davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-11-23

can Mailing Company 100000 Of It's bonds IL was
stated that the sale of the bonds had been unuei
written subject examination OF the ahaiS
the company by chartered accountants theh :"
n,ooress II is now announced that. although inc
report OF these accountants is not yet comp's'eu'
on account of the labor involved In examining tue
business Of many plants. the under"ti'els ar
so far satisfied with the situation that they nave
elected 10 consider their contracts Of Underwriting
firm and the issue and sale OF the bonds VIII pro-
coed accordingly.
MR.. HALSEY'S ELECT1ON.-R. 1. II. hdls'y'
OF the firm of Hasey & Hudnut' was yeste'uas
elected a member Of the Governing Committee Vi
the Stock Exchange. to I'LL the vacancy caused oS
the death n few weeks ago Of Frank L. Henry
RUSSIAN BOND STORY DENIED.-An ofhcial
Of the Mutual Life Insurance Company yesterday
authorized an absolute denial Of the report that inc
company had concluded arrangements Tor the pun
chase Of per cent bonds OF the Vladi-kavkas ana
Southeastern Railway Of Russia TO the value OF
% 600 Ooo rubes The report is supposed TO have
emanated in st. Petersburg.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-11-23
WALL STREET AND EXCHANGES.

OUTSIDE SECURITIES MARKET. - Market
closed steady. Standard oil closed at $685.,
against 454G45s on Tuesday. Last prices Of other
prominent issues were Havana Commercial 194
21H; preferred elkq63iz; Baking Powder. a5a97;
Bay State Gas. 1Ssalai, Pump. %; preferred 6q6s;
Markeen Copper. 869iz; Anna gamated Copper. Sl4g
s7l5; Amsterdam Gas, 3O1d3l; preferred. 57is05sl7
Rubber Goods 2Sl5q3O preferred, s0%d2; Distilling
of America, 12i4G12%; preferred. @a@; sloss-shef-
field (when lssued) 35lgG36 preferred, 73d76.
MINNEAPOLIS AND ST. LOUIs.-The decline
in Minneapolis and St Louis common was due to
sales inspired by a rumor that there would be no
dividend upon IT. prominent director said that
no meeting OF the Board had ever been held to
consider the dividend.
LACLEDE GAS STOCK INCREAsE.-A meeting
OF the stockholders Of the Laclede Gas Light Com
pany has been called for January % next to CON
sider proposition for increasing the capital stock
Of the company from 100000 81 600 the in
creased issue to be common stock. 1t Is under
stood that part OF the new issue will be used 10
retire the 500 600 coupon due in 1901 and the
remainder for extensions OF the property.
NORTHWESTERN'S BIG EARNINGS.-Chicago
and Northwestern's gross earnings increased in
October $3.50 S59 over the month last year. and
S3O720 from June l.
FOREIGN TRADING.-London bought 1900
shares in the local market The heaviest dealings
were I'm Southern Railway common and preferred.
Union and Northern Pacific Atchison Baltimore
and ohio common and preferred. and Wabash de
benture BIS
NOTICE OF RESIGNATIONS.-The directors Of
the Val Verde Copper Company Limited, OF ArI-
zona. met yesterday. Tho designations Of G. L.
Upshur. Of York president and director
and OF Colonel Woodville Femming. Of New-York
as vice-president and director. were accepted and
I'm their stead T. J. Tranord Huteson and Walter
Gresham Hudson. both Of Boston, were elected
Personal reasons prompted the designations
ELECTED A MISUNDERSTOOD l.. Carbajal
MARQUES de Plnar del Rio. Of Havana. has been
elected a member Of the Board OF Directors OF the
North American Trust Company. He Is the owner
Of the celebrated cigar factory. the Hja de Cabanas
y Carbajal In Havana. the oldest In America
having been established in 1872. He formerly
president OF the Sagua Railway Company. and IL
ex-member OF the Cortes az Madrid.
AMERICAN MATING BONDS SOLp.-In the
circular Offering TO the stockholders Of the Amer
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-11-23
SECURITIES LISTED.

The following securities have been added 10 the
Stock Exchange list: $s2i9o guaranteed special
stock making the total amount listed 500 321 200 Of
the Plttsburg. Fort Wayne and Chicago Railway
Company; 100000 additional consolidated mort
gage per cent coupon gold bonds Of 1890 making
total listed '2s055.C1O OF the Manhattan Railway
Company; s65O0oo0 first consolidated mortgage fifty
year per cent gold coupon bonds OF l94S. OF the
Brooklyn Ferry Company Of New-York; $4,000
additional capital stock making total listed $21 CO.,.
co. of the Homestake Mining Company $4,000 adj
dltional Port Huron division first mortgage per
cent gold bonds OF 1899 81 the Flint and Pere Mar
quette Railroad Company. and 100000 additional
first consolidated mortgage per cent gold coupon
bonds Of 1892 making total listed 81. 10000 OF the
Equitable Gas Light Company OF New-York
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-11-23
MONEY MARKET FACTORS.

The Treasury has paid out on bono redemption
account s.4OeO4S. the greater part OF which VIII
find its way into the local banks So far TINS week
the banks have shipped little money to the interior
while receipts have been showing an increasing
tendency. although at the moment ootnesuc eN
.oharca Is against New-York Money call ruled
at 7 per cent Yesterday with exceptions at and .
per cent Sterling exchange was decidedly weak at
the close with demand sterling at sisI2. II money
continues to rule at It's present high rate ana lot
eIgn discounts do not make striking advances goa
will move this way sooner than many people De-
lleve possible. The demand for time money on
regular railroad stock collateral IS not urgent,
neither is the supply ample. Rates are unchanged
at s per cent for all dates up TO six months On
industrial collateral time loans the rate IS also
nor cent hut commissions ranging from one-tourth
20 70 one-haif per cent are required. Prime mercan-
liz pa per is nominally 5izn6 per cent.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-11-23
MEXICAN NATIONAL STOCK.

Mexican National stock received some attention in
yesterdays market. owing in part TO the COM
pany's good record OF earnings and 10 the fact
that the company has received permission from
the courts 10 issue $4,000 internal 8 per cent
bonds with the proceeds OF the sale OF these
bonds the present per cent bonds will be paid
off and the company be richer by about 100000.
Both the Mexican National and Mexican Central
roads are enjoying the heaviest traffic in the his
tory of the companies. and despite the low price
OF silver both should be able to pay interest
charges this year without the help OF the subsidy
fund. Mexican National stock sold at 81 yester-
day and Mexican Central at H. They are cheap
stocks In which the equities increasing faster
than the market values
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-11-23
ONTARIO AND WESTERN.

II was reported in well Informed circles that lhe
Increased buying OF New-York, Ontario and West
ern stock would be followed by active dealings In
the issue incident important developments In the
affairs OF the company. Ontario and Westerns rec
ord in the last two years and in the fiscal year to
date has shown steady Improvement in gross and
net revenue, and. irrespective OF the possible de-
velopments talked about In the Street the STOCK is
increasing in actual worth on big earnings ana
eood management The company could II 1t de-
sired terminate the voting trust by the payment
OF a dlvIaend as over l per cent was earned on ina
large Capitalization last year 1t Is still thougnt
that the stock Will be divided into common and
nre red
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-11-23
RONDS.
THE DAYS OPERATIONS IN STOCKS.

Stock market trading was dull and pro1es-
sional with prices generally firm and well ABOVE
the preceding days closing level Enorts were
made at times to depress values, but no s'och
came on the market. and bear traders founo
little encouragement in putting out new lines OF
shorts The bears confidence that stocks VIII go
lower before they go higher is not good argu-
ment upon which TO base short sales Possibly
the professional trader believes that many hoio-
ers Of stock will become impatient because
values do not advance at once and IN conse-
ouence throw over their holdings In disgust
This Is also poor basis for short sales. Inc
chances are that the holders OF stocks VINO are
tired OF waiting for an advance make up small
percentage OF the whole number OF holders'
The greater number Of people who hoid
stocks for speculative gains do not depend upon
immediate profit sor their daily bread, and from
the small amount of stock that has come upon
the market it may be safely assumed that the
majority Of current owners Will not sell until
they can do so at higher level.
There are many people in stocks who would
like 70 get out OF stocks. but not at loss
Manv people bought stocks because conditions
governing the actual value Of securities sug-
pested higher market quotations. These condi-
lions remain in force. The real worth Of securi-
ties is improving every day. and 1t is therefore
reasonable TO believe that the people who wish
TO sell their stocks at a profit will be able TO do
so at no distant period. 1t should be borne In
mind that money market firmness Is not &C
commanded by weak speculative conditions In
\. the stock market. Weak accounts were elm
mated long ago Prices have fallen below the
high prices of the year. and stocks are either
owned outright or on large margins. Present
marginal holders are in position to supply ad-
ditional margin II the necessities of the situa-
tion should require II. If stocks were now held
nv weak public traders. the outlook for higher
prices would not be promising Weak holders
generally become owners Of stocks at the end
Of a bull movement.
The Treasury has paid on bond redemption
account over 50 900 900. and large proportion
OF this amount has undoubtedly found It's way
into the local banks. Bank cash and surplus
reserves are growing Money is not yet cheap
and Il will not be for some time TO come, but
conditions are better and they are becoming
stronger every week There little life In
stocks yesterday, but near the close prices
moved up rapidly, and in some cases evidence
of good buying was not wanting. The lightest
demand advances quotations. Bear traders hate
a dull market that will not decline. They are
afraid Of IT, They ought 10 become panicky
over this market.
THE DAYS OPERATIONS IN RONDS
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-11-23
CHARACTER OF InADING.

London prices were higher and local quotations.
opened Arm and closed nj net advances. Co"''"
sion houses were inactive trading Delhs III s.ea'
part professional the greater part or the oay' Yen
eral Electric was strong on buying by w ID. Hatch
/ q s. Wormser and other well known houses
sharp advances were made by Rio Grande Western
shares. and increased buying noted in Mexican
National and Ontario and Western. North Amerl-
can declined on realizing sales. big four was
strong on good buying. and It was reported that
dividend would be declared Activity IN c"-
cago indianapolis and Louisville was based on
favorable statements by the management OF the
company in regard to the business of the road II
is understood that the preferred stock VIII receive
4 per cent I'm 1900 instead of per cent 1t was re
ported I'm well informed circles that some powerful
banking interests were quietly buying stocks on the
belief that the Presidents Message would ne ioi-
lowed by a sharp advance In all securities. Inc
coal shares were well taken. Some Of the buyers
and sellers were:
Leather-Judson & Co. bought Van Enburgh q
Atterbury sold North American. eSugar-Housman
& Co 1000 and Content & Co. (2OCl bought, j. Nj
SnS C1 bought SOP Pearl & CO. sold ManhattanBqr
rill & Stitt and H. Durand bought; Leather Halle
bought: j H. shaw & Co. sold l50o. Sugar Eames
& Moore bought F. W savin sold MannS.ianFF
Ames and Kennedy bought; Goldschmidt 20.
and Germond sold General Electric-MorInsSer a
Co W B. oliver and w. D. Hatch bought ana olo
up St Paul-Grant Brothers sold Tennessee
CoaI-A. Thompson bought; II. Spear sold. sugar.
Content & Co and Wormser PoV " Hafch
and traders bid up: Hasted & Hodges Chaauncey
and J. Manning bought; Edey & Sons large puyed pS
Chesapeake & Ohio-Hale & SteglitZ bought Ivy y
Ciews g Co sold 900. Manhattan-Muir & Powell
bought Sugar. r. Wliston bought; Content %
sold Chicago Great western-Muir Powell sold.
Union Pacifc-London bought; Content & 20.
sold Southern Pacihc-Housman & co. ana Lond nI9
bought North American; NJ Shaw q 90 500 y
oS3 Leather preferred-T. L. Manson. j. d. smith
and Strong sturg!s & Co. sold W. e. S ToHes
bought; seymour Johnson & Co. sold; ulman
Brothers bought 1000 Leather preferred HOOP
Buck and Clark Dodge & co; bought; rover
e. Sherwood sold 1909 Sugar-Kohn q 90 % oo T{
macbep E Co. and H. Durand sold. Reading first
preferred-F Ames COCO and Housman oo tIi
feather-Judson & Co., Beers & owens, H. beHs
7 r Wliliston Pearl and Harris bought; Post q
Flaeg sold; selling scattering. Leather preIerreu
iriman Brothers bought. Southern PaclncT q
powell sold Big Four-J. II. Griesel and Housmah
hourht. ! Wilson sold 1.5O0.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-11-23
mixers posted rates were

DOMESTIC EXCHANGE. go New-Orleans-Com-
mercial 81 discount; bank par. San Francisco
Sight l2izc; telegraph, I5c. Cincnati-Over the
counter 5Oc premium; between banks. par and l5c
discount. savannah-Buying &c of; selling par.
Charleston Buying. l-l0c discount: selling i-lOc
premium. Boston-loc and &c discount. Chicago
eoc discount ST. Louis-6oc discount.
BANK CLEARINGS. - New-York 49, Exchanges
slssnssz1; balances. 81. soeosS Chicago-Exchanges
SIS zoe 1894: balances. n,slile2. Philadelphia-Ex-
changes, N7.s22.67s balances 1644,s2O Baltimore
Exchanges So 707 $50: balances 1857 O50 Boston-Ex
changes SIS, s32 ST.; balances. 81, s25.766
FOREIGN MONEY MARKET.-Cal money in
London 2ik per cent. open market discount rate
" per cent for short and ~ per cent for long bills
Berlin discount rate. 81 per cent Berlin exchange
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-11-23
AMERICAN SECURITIES ABROAD.

London. Nov %. 4 p. m.-American securities were
firm from opening TO close to-day. There was
80, u,tIe trading as the settlement absorbed the
attention Of members. Last prices were: Canadian
Pacific ss Erie 1875; Erie first preferred Ssas; I'LL
nois Central. 1884,; Union Pacific preferred 7S%;
81 Paul, 1874; New-York Central 1907; Pennsyl-
van,a 81; Reading. 1915 Northern Pacific preferred
M: Atchison 23s.; Louisville and Nashville @9.'
Anaconda 9k; Grand Trunk IN.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-11-23
CHICAGO TERMINAL.

The advance in Chicago Terminal issues
taken advantage Of by a number Of holders to sell
the common and preferred on information that the
Wisconsin Central had decided 10 terminate its
contract with the Chicago Terminal Company. The
last named company's terminal facilities have been
used by Wisconsin Central at a rental OF $4,000
year II is understood that the Wisconsin Central
has made arrangements 10 use Illinois Centrars
tracka and Nards
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-11-23
GENERAL ELECTRIC's ADVANCE.

The advance in General Electric stock was fol-
lowed by report that the directors OF the COM
panv would either increase the dividend rate or de-
clare an extra dividend rate at the meeting next
month officers Of the company are not disposed
to make any predictions about dividends. but they
state that the stockholders will be well taken care
Of The companys works are running to their full
est capacity with business showing an increase
every month The stock sold at its highest price
ON record yesterday 1901.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-11-23

RAILROAD BONDS.-Market steady Total sales
amounted in par value TO 23SS,so against A,5S5,-
900 on Tuesday. The heaviest dealings were in the
Atchson general As. Baltimore and Ohio Sl1s and
As Chicago. Rock Island and Pacific As Cleveland.
Cincinnati Chicago and ST. Louis general As, Kan
sss City Pittsburg and Gulf lists. Mobile and Ohio
IS Northern Pacific As Oregon Railroad and Navi-
cation 49, Reading general As, Standard Rope and
Irvine incomes. Texas and Pacific first 5s' Union
Pacific IS and Wabash debenture BIS.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-11-23
MONEY AND EXCHANGE.

MONEY RATEs.-Money on CALL per cent win
exceptions at eGS per cent The time money mar
he, uas quiet al per cent for sixty days, per
con, for three months and per cent for four and
six months on railroad collateral and above on
mixed collateral Commercial paper rates were bao
per cent for the best names for three four and SIX
months Paper not well known ruled higher
FOREIGN EXCHANGE.-Market dull easier
Actual closing rates follow
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-11-23
,n h,, ,co, oso 7s5 s2oi.22a. 8O7 Inc siTs.5i2

GOVERNMENT NEUTRALITY-SUSPICIOUS. receip's
renorted from Washington, N1s2SSS internal rev
nue. receipts. S6i7Sl: miscellaneous rece'p's ',
o.s ro,oi rece,nts for the day. ROlOO23; expendi-
t,,res soos 600 Receipts for month TO date, SS'-
zee 72s expenditures 900; excess OF receipts
% $50 72s Receipts for the fiscal year to date Nzo
sSsSs: expenditures s2s72152 excess OF receipts
50 sl1 7se. Receipts OF National bank notes lot ''
domntinn Si142a6.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-11-23

on London. % marks IS pfennigs. Paris exehanse
ON London 2S francs 2a,a centimes Paris discount
rate 3d3A per cent ,.r
FOREIGN sECURITES.-Britsh cohsoIs iol
money 100 1915 for the account. VS l,n. -,
an,os ,oo france a2lh oentimes Spanish Is in Lon
don. 66h. 49, .o vexi
THE SILVER MARKET.-Bar silver osc' - ~
can silver dollars. a7l4c. Bar silver IN London, a.
GOLD PREMIUM-In Madrid, 2S'45' LISBON H.
Ruenos Ayres 1890; Rome 5s'17'
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-11-23
New York. october IL. lss~
To the Holders of tho
First Mortgage Four Per Cent
Gold Bonds
OF THE
PITTSBURGH & WESTERN
RAILWAY COMPANY
mated JULY I. lSS7)t
DATED JULY I. lSSDt

g,f.rr,ng 20 our notice OF December L. iess w nv
20 announce that holders OF mere than 50 per cent
,moun, OF the First Mortgage -Four Per Cent "0'a 80
q, m. Pittsburgh and Western Railway company rs"
t.,osted these bonds with rs In accordance WIN Wv
terms OF said notice.
We have further to announce that we have msae
,ansements with the Reorganization Managers OF the DIS.
tmore and Ohio Railroad Company whereby. In case W..
issue any Plan OF Reorganization Of the Pittsburgh 50
Western Railway Company prior TO December H. i.
they undertake give all our depositcrs whose a.
shau not have been cold 10 them for cash as s'S''
the next paragraph option for at least thirty days
such Plan is Issued take and Interest IN eSs
90 lave their bonds included In the Plan on the oas
new securities, They also that at the erp"'"'
e, such opton they will purchase from us for cash a. P
nd accrued interest up the time Of delivery Sh 00
hslA nv IA in respect u which the option TO 'sAe nv
securities shall not have been exercised We ssreeihs
Ali thu, such boAcs II Plan shall have teen ss
nv that date the foregoing arrangements VI" Sot'
fore. thereafter until said Reorganization "a"'
terminate the same by notice TO
II any holder OF receipts certificates ra'ne
vs,, such Plan desires and slect TO cell his ooS
for cash Thereby losing right Of election to 'aS
cash or new securities after issuance OF the RAM
Reconciliation Managers further agree mat :" ' 90
,ro- % December H. 1890 land also thereafter w.
tlce from, them TO us) such holder may present NE
Or certificate AT our office for proper snho'" ,sys
,,sc,,on thereon and that al the expiration OF "a
~ IN. dale Of such annexation. he snail receive ,,
accrued interes, IN cash therefor st ." once
render OF hi. receipt or certificate properly eh'''''
~ HunDCAN a GU
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-11-23
COLORADO SPRINGS STOCKS.

Closing quotations on the Colorado Springs Min
ing Stock Exchange. furnished by william r. Bon
bright e. Co, Of Colorado Springs;
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-11-23
STOCKS AS A RULE HIGHER
Low PRICED ISSUES ACTIVE.
BONDS IN GOOD DEMAND-MoNEY MAR
KET CONDITIONS.
STOCKS.

Closing prices yesterday of the principal ac'iVe
securities and net changes from Tuesdays last
prices were:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-11-23
THE FEDERAL TREASURY.

The daily Washington Treasury statement issued
yesterday covering actual results Of two DAYS ago
compared with the last preceding statement is as
follows:
Nov 81. Nov a. Changes
Net gold. s246O26s $50 s2460es5 I7 Inc s8i eos
Net oliver. 10 40 764 5S4 7O5 Inc lb3 g4i
Net u s. notes.. Is soo5io rs 100 pee e5 $40
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-11-23

.E, dividend ..washington market. TEX div. 10 D. c.
BANK STOCKS.
Reported by Clinton Gilbert. No wall-st)
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-11-23
NJ, 1res. notes. e1s.41s

~. 49,. ro,.. e1s4ls o23 o92 Inc. o'o'f
Actual cash over
outstanding Ger . 49, 40, so-o ~, o-l Inc $50 4i3
tincates ss<'o-'f"'i
Deposits In Ma 90 AZ Goa sieos sss Dee 22s,s5s
tlonal banks. szlSf's-o oi''Vo'"
,,,, ..h .955 aIa 4s7 s3552OO42 Dec. slI2 $40
AvaiiapnIss en- ssi 100 CT OlO 73J Dec 35lasI
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-11-23
BOSTON STOCKS.
FURNISHED by r. l.. Day Co.. No. pro.a-s,
CHICAGO STOCKS.

Furnished by Walker Brothers. No II BroaawayJ
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-11-23
RAILROAD EARNINGS.

cEocrAw OKLAHOMA AND GULF.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-11-23
financial.

financial.
Is wall Street
New York. October H. iSa
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-11-23
THE DAYS OPERATIONS IN BONDS.
GOVERNMENT BoNDs.-Market strong. Final
ouotations follow.

quotations follow:
Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1899-02-11

NOT If SHE KNEW IT.-A few
weeks ago a railroad collision in Eng
land killed, among others, passenger
living in a country town. His remains
were sent home, and a few days after
the funeral the solicitor to the com
pany called upon the widow to effect
settlement. She placed her damages
at $4,000.
,"Oh, that sum is unreasonable ~ re-
piled the solicitor. "Your husband
was nearly so years old"
ayes, SIR"
"And lame?"
eyes,"
"And his general health was poor? p
every"
"And be probably would not have
lived more than FIVE years? ?"
"Probably not, SIR"
"Then it seems to me that four OF
FIVE hundred pounds would be a fail
compensation"
"Four or five hundred ?" she echoed
"Why, sir, I courted that man 1Oyears
ran after him for 10 more, and ther
had to chase him down with shotgun
to get him to marry me. Do you sup
pose that I'm going to settle for bare
cost of shoe leather and ammunition p
The man of law concluded that she
deserved all she could get.-London
Advertiser.
Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1899-02-11

person, and to place responsibility if
possible for anything of which com.
plant is made. Their findings may
serve as the basis for courtmartial as
effectively as the findings of a court Of
inquiry, and has some advantages in
that it does not begin with the pre-
sumption of court of inquiry. Where
court of inquiry is ordered it is said
there is conveyed distinct reflection
upon the officer named.
1t is not possible at present to learn
in which direction the president leans :;
but he has been in conference on the
subject with the secretary of war and
the attorney general, and the matter
was discussed in the cabinet today to
some extent. 1t was agreed that Gen
eral Miles should not be suspended
from his Office as commander of the
army pending the investigation, as ii
was not intended that even by any in
ference he should be prejudged of any
wrong.doing in this connection.