davidaulloa/AmericanStories huggingface dataset:
Omaha daily bee., 1899-12-17
FIRST STEP TO CUT CIRCUIT
National League Magnatss Appoint Special
Committee to Handle Matter.
BALTIMORE CLUB SOURCE OF TROUBLE
Owners Raise Original Price Named
for the Franchise nccnusc Mag
mates Saw Fit TO Fine the
Brooklyn Club.

NEW YORK. Dec. 16.-The National
league magnates abruptly closed their five
days session at the Fifth Avenue hotel to-
day, after having been in conference for
little over an hour. The adjournment was
taken with the understanding that they
were to be called together in the near fu-
ture to listen to report to be made by a
special committee to provide ways and
means for the reduction of the league cir
cuiG The committee consists of Brush,
Hart, Rogers of Philadelphia and A. II.
Soden.
According to the expressed views of GER
tain Of tho magnates, an eight-club league
is almost a certainty. The appointment Of
the committee in question means that
majority Of the club members are desrous
of lie reduction of the circuit The ques-
tion has now narrowed down TO one of how
much money will be necessary to buy off the
four clubs 1t is proposed to drop. The clubs
in question are Louisville Baltimore, Cleve-
land and Washington. 1t Is with the owners
of the Baltimore club that the committee
expects to have it's only serious trouble.
This franchise is owned by the Brooklyn
Baltimore syndicate, consisting of f. A.
Abel, Charles Ebbetts, Harry Won Der Horst
and Ned Han!on.
AT the meeting just closed the magnates
saw flt to make things rather unpleasant
for the Brooklyn Baltimore contingent and
as a result, it is said, the original price
named for the Baltimore franchise has been
jumped up several points
AS to the Washington franchise, which is
held by the Wagners, it is believed that the
owners have had an understanding with their
brother magnates. The power of the COM
mittee appointed today is limited to the
arranging of details only. The league is
not in duty bound compelled to accept it's
report, but it is said that so anxious are
some of the magnates to see the circuit re-
d, ced they will accede to anything like
reasonable terms. An effort will be made
to have the matter reported to the league
at a special meeting to be held some time
in January
Omaha daily bee., 1899-12-17
Brush Discusses Proposed Reductio

John T. Brush said:
To-day was the first time that the mag
mates have, in a meeting, discussed the pro-
posed reduction in the circuit. Their feeling
is best indicated by the appointment Of the
committee. The whole matter is one of desire
and prejudice; desire on the part of the
majority of the magnates, and prejudice on
the part of the others. The majority wants
an eight-club league. If 1t can be effected
on a reasonable basis. There has been con-
siderable talk to the effect that certain
set of men will block the whole thing.
Maybe their prejudice will Offset the desire,
but that remains to be SEEN"
This meeting has been productive OF COM
paratively little of interest to the public.
For four days the Wrigley case occupied
the entire attention of the meeting. This
and some legislation for the benefit of the
minor leagues are about all of Importance
that has been accomplished.
1t is understood that at todays meeting
Colonel Rogers offered resolution remit
ting the fine imposed on the New York club
in the Holmes case. 1t is said that the ma
jorty of the magnates disapproved of the
resolution, but so that it would not be made
public in the usual channel Colonel Rogers
was pressed to withdraw his motion. This
he finally did. When President Young gave
out the news of the meeting, the fact that
such motion had been made was not told.
The schedule and umpire questions were
also brought up at today's meeting by Hart,
but they were laid over until after the re-
port of the special committee is laid before
the league. Hart wants a schedule calling
for 1872 games for each club in case the
twelve club circuit is maintained, and one
calling for 140 games in case of an eight
Omaha daily bee., 1899-12-17

and reciting their alleged baneful effects on
benefciares, legislators and taxpayers, was
adopted by about the same vote. TIE con
vention adjourned until Monday.
Omaha daily bee., 1899-12-17
Display of English Grit.

As the day proceeded the attacks OF nerves
disappeared and the only permanent effect
of the serious news was to cause tighter
clenchng of fists and a more set determine
tion to achieve the task the country has un-
dertaken Departing troops were more
vehemently cheered than usual and the
troops themselves displayed even mucn
greater desire to reach the front
There was little excitement at ..e War
office, but orders were being issued in all dl-
rections for the mobilization OF the reserves
and militia, The latter will replace the reg
ulars in the garrison towns.
Queen Victoria was greatly concerned
about the latest reverse, The commander
chief, Lcrd Wolseley. was at Windsor
castle when the news arrived and he took a
special train back TO London
Omaha daily bee., 1899-12-17
ALI. ENGLAND IN THE DUMPS
Butler Loses Treble the Number OF
Guns thnt wellington Lost in
Six Years,

LONDON, Dec. 16.-A hastily summoned
meeting of the cabinet was held at the for
eign office this afternoon for the purpose OF
dealing with the war crisis.
The times., 1899-12-10

NEW YORK Dec. g.-Todays bank
statement was great surprise IN every
respect The loss in lawful money shown
was less than half as large as had been
expected. and The contraction in loans was
insignificant Bank officers. as well as
spectators i'm stocks. were unable 10 dis
cover The reasons for this unexpected
showing. and were compelled 10 fall back
upon the misleading system of averages
tor an explanation.
The net result of the weeks operations,
as shown by the statement. is d decrease Of
81 81. .175 in the surplus reserve That
i zm remains large enough for the banks TO
make good appearance. but it does not
warrant expectations Of au easier money
market in the near future. Monetary con-
di-ions were again today chiefly responsible
for further decline ia prices on the stock
exchange particularly in the industrial
shares. Ar the same time, il is evident that
th purchasers of many OF the industrial
stocks are beginning 10 realize that. in
stead OF buying an interest In the good
VIII and earnings of various trade COM
bfuadons. they have simply contributed 10
The profits Of promoters and Underwriters
Reports of dissension in The manage
recent OF Sugar Refining Company. which
referred 10 the virtual retirement of oIe
Cf the directors last spring. were used eff
fecrEely against the common stock Of the
company. That stock supplied nearly one
fifth of the total transactions. and s-s-
tained a net loss Of over seven points.
American Tobacco was also exceptionally
weak on q formal announcement regarding
1he new competition thar is developing in
ST. Louis. Moderate liquidation in Metro
poitan Street Railway left that stock
- points lower than yesterday Ten
uessee Coal and Iron was another conspic-
uous sufferer.
fected by the selling movement. in fact
The declines sustained in that section OF the
market can be described as largely sympa-
1helic After the publication Cf he bank
statement the entire list rallied a lit-e
but did not hold the improvement TO the
cI-ee. The liquidation. even in the indus
trials has now reached proportions that
have probably relieved the congestion OF
the street TO q considerable degree and
further decline 10 prices might easily bring
in actual buyers whose operations would
help 10 retire the local money market and
ais6 improve the speculative situation.
Extensive buying by the public can hardly
b. expected however. while business Is as
active - al present. and money in sucn
good demand Tor the operation OF estab-
Hshed legitimate enterprises.
The times., 1899-12-10
THE CHICAGO GRAIN MARKET.
Wheat Easy on ProGit-Ta king. With
Corn Firm and Oats steady.

Corn Firm and Oats steady.
CHICAGO Dec. 9.-Wheat was easier to-
day on liberal profit taking Liverpool
was steady and Id higher; Paris SIC
and Antwerp l 1-4c higher, Primary re-
cefpts were 500. 900 bushels less for the day
and 5000 900 bushels less for the week
than last year The Michigan State crop
report for December shows a condition Of
So against 100 a year ago.
The Southwest and West showed rain
everywhere today and the forecast pre-
diets a continuation OF it for at least
a day longer This circumstance as
much as any other tended toward
firmeT cotton market. Another help TO
the bulls was an advance in the spot price
al Liverpool of Id, with futures up 3-Sd.
Western offerings were small. Within a
day or so there has been an Improvement
in the local all-rail demand although there
is no claim that il is going at full tariff.
Speculative trade was small in the last
hour. The weakness in Wall Street and
the hesitation in wheat lessened the bull
ishness in the coarse grains.
Oats were as quiet as on Friday. barely
moving at all. Receipts were 1f9 cars
with 10 for Monday. The export demand
was poor and so was the New England
but receipts are light and oats respond
quickly TO any new phase in corn.
Provisions We're moderately active and
closed firm at a further small advance The
investment demand, though not so large
as yesterday, was good and the offerings
were mainly from realizing longs Pack
ers did very little selling The cash de-
mand was rather light Estimated for
Monday, 1000 hogs. for next week, 225
GOO
The times., 1899-12-10
THE cHAQUIs OF THE INcAs.
Wonderful Messenger Service of thu
Old Peruvian Empire.

OLima Letter in the Chicago Record)
When the Spanish invaders entered the
Peruvian country they wondered at the
manner in which their movements We're
anticipated by the natives. Every act ap
beared TO be instantly communicated over
the empire almost as swiftly as if sent by
telegraph. After a few months they dis
covered that there was an organization of
runners who carried the news with amaz-
ing speed over the snOw-coverd mountains
ana across the scorching sands. They
were known as chaquis and were selected
by reason of their physical qualifications
and trained for speed and endurance
When they became ncapacitated by age or
accident less arduous duties were given
them in the army or about the court,
As the Incas mad no written language
their messages were always oral, so the
memories as we'll as the muscles of the
chaquis were trained Sometimes the Inca
communicated with his subordinates in
other parts of the country by sigus-a ring,
a piece of nodded clay, or a leaf might be
rransmitted-W which meant nothing to the
man who bore il on TO the people who saw
ii in his hands but was very pOrtentous TO
him for whom il was intended. As proof
OF the speed of the chaquis il is said that
the royal table at Cusco was often served
with fresh fish caught in the sea fifty or
Sky hours previously a distance that
now requires from six to ten days to travel
by railways and stage.
Along the highways and the mountain
trials. at frequent intervals. We're ostab-
lished stationhouses, usually erected upon
hillocks and other points of observation,
from which the approach of messengers
could be detected. As one arrived, heated
and hreathIess. a fresh chaqui would be
ready to receive the message and carry 1t
10 to the next station without an instant 5
/ delay.
The chaquis still exist but they are nc
J longer organized and there is little use
/ for them. In time of war they are use
! full as they have many of the instincts
and much of the skill of scouts, and be-
] ing familiar with the byways as we'll as
/ the highways are able TO slip through The
/ lines of the enemy without danger. Some
/ years ago I saw chaqui OF the name oil
/ Quainapambo tbird chaser), who was very
swift OF foot and almost incapable Of ia.
tigue. He had been employed for severa
! years by General Caseras, then Presiden
| of Peru and had carried a MESSAGE 25(
! miles without rest or sleep through IN,
| enemy's country, ana had returned witt
the answer within a week
The chaqui never carries food with him
but depends entirely upon the cocoa Leaf
nor are his movements impeded by cloth
ing. He goes as nearly naked as possible
but carries poncho and paints his leg
with vegetable dye, as protection
against poisonous vines and the bites o
insects.
The times., 1899-12-10

in this group. too, there will be a number
Of dividend announcements in the near fu
Jure. il was the comment Of many TWO
weeks ago that the market continues pro
fessional and uniurerestiHg for want OF
good break in the industrial securities
No one argued that such break was war
ranted by the intrinsic value of these Sc
curities, but IL was said that people wEo
lad not bought them before would not do
so az the prices then obtaining. and that
foI this reason the market could no be
broadened into a general strong acyaace.
The break has come. 1t has been a manip-
ulated break largely but the result is
mucn love 75i,Ee 81 prices. Securities are
HOW selling in many cases at the lowest
level since the break in the spring. 1t IS
time for bull movement. II occurs not
iufrequentIy in such a break as the market
has been passing through, that the railway
securities remain relatively strong until
the last Of the decline and are then a.
tackled viciously by the bears to make q
condition favorable for the covering of
sEort contracts in the irdustrials and other
weak securities. Such a quick decline of
/ a point or more may be seen early this
week II VIII not be OF long duration, and
viii probably mark the end Of the present
decline
The times., 1899-12-10
ware q LeInnd,s Letter.

lReported daily 10 Ferry d Wood, Brokers,
1888 F Street; upstairs: phone lJ25.l
CHICAGO, Dec. g-Wheat Liverpool
lid higher; London futures I'D higher;
cargoes rather dearer, Paris closed wheat
II to % higher, flour l5m25 higher; Ant
weIp higher; Berlin unchanged. BrComhaIl
estimates worlds shipments about 1000
bushels. English farmers deliveries, 64S,-
600 bushels at unchanged prices Reported
weather in Argentine unsettled Private
advicas indicate an eXpOrtable surplus OF
~ GOO 600 bushels. Worlds visible decrease
aggregates Il, 10000 bushels; last year, o.,
500 600 bushels. Primary receipts. 609.OO0;
shipments. 2l3. 000; cleagances, 284,000.
The Michigan crop report shows a condi-
Iiou OF so per cent and says that, taken as
a whole the crop is seriously damaged,
with little prospect OF its recovery eyentu-
ally. The total amount marketed for four
months, including August and November,
was 29Sl GOO bushels which is 4S49, 600
less than same time last year. The Gov
erument report will be out next Monday.
Fluctuations were confined within mar
row range A good deal OF profit taking
was noticeable while the scalping element
was disposed to even up over Sunday. The
market eased OFF toward the close, but
could not be called weak Corn at Liver
pool &-Sd higher There was fairly good
buying az the opening. On this a slight
advance was established which brought in
selling orders TO realize profits and values
worked off toward the close There is q
strong undertone, and adyices from the
interior are OF bullsh character Pro-
visious-IIogs closed a little higher. Liver
pool lard pence higher bacon and
hams unchanged. shipments Of lard.
$40 600: meats. 31SO.OOO Packers were
not free sellers today, but some realizing
sales Mere noticeable.
The times., 1899-12-10

The strong features of the list, as has
been said, were the railway securities
generally. Net changes in these securities
were only fractional, and in one or two
cases net gains were made. Up to the pres
ent time the break has been an attack on
the industrIals almost entirely, but il
seems not impossible that the railways
may decline somewhat If there is further
break this week AS has been pointed out
a quick sharp attack on these issues is
usually the ruse of the bears when they
are ready to cover and such an attack may
occur tomorrow or Tuesday. It should not
cause the throwing over of good securit es
held on fair margins. In this list should
be included such stocks as st. Paul. Rock
Island, and the other grangers. the Pacific
securities, the Southern securities, and the
Vanderbits especially. In the casa OF
each of these stocks there are parl ular
reasons for the utmost confidence in ulu-
mately much higher prices than any that
have been reached this year. Increased
dividends. immense earnings, rights IN
prospect and the near announcement Of
deals are among the favorable matters
that Will undoubtedly cause them 10 sell
at higher prices.
The times., 1899-12-10
Mnshinctnn stock Exchange.

Sales Metropolitan Railroad Certificates
B: $1.OO0a1l2 II, National Safe De-
posit and Trust: 5@132 -; Washing
ton Loan and Trust 3OG 164 Columbia
Fire Insurance: 200d13 3-S: Riggs Fire
Insurance 100dS rs; Columbia Title In
surance: 1OOG5; Capital Traction: 2o@
% IS. 30a92 81; Washington Gas: 25@
80 II; Chesapeake and Potomac Tele-
phone: 25di4 5G64 -; Mergenthaler
Linotype: 100 207 1-2 10d 2O7 81, 500
207 5-S: American Graphophone preferred:
The times., 1899-12-10

The past week mas been an excellent one
ss lar as its news affecting lhe intrinsic
value OF securities has gone. II may be
stated quite positively that there are now
more reasons for believing in hallway Sc
curIties ar investments than there were
week ago number Of the most proLi-
ueni railways in the country have in reaseI
their dividend rates, The Atchison the
Northwest. the Omaha and the Great
Western. 4 number Of railways have mad
renorts of immense totals Of gross cara
tngs for the last week OF November. Tor
tbe month Of November, and for the FIVE
months Of the present fiscal year. The
message OF the President has been read and
commented on fayorably everywhere for
lis clear exposition Of the prosperity OF the
country and its clear sighted promises for
q continuance Of the good conditions now
urevaiIing A strong plea has been made
for subsidy Tor the merchant marine, a-d
: bin has been introduced that w.il prob
ably be passed in a short time. he eH-
f.erls are OF the opinion hal the War IN the
PhiIippiues VIII now soon come 10 n end
u may be added 70 these matters thar the
news OF The coming month or two cam hard
lv fail 10 be even more encguraE aElng. a
number OF railway securities are 20 be
added 70 The lisr Of dividend payers.
Others are 10 baE. their dividend
rates increased. II is probabe That
the record in this regard via be- tie
best ever seen IN the same period. Se-uri-
ties on which q and : per cent dividends arc
being paid are earning and Do per cent
Securities on which 4 and . peE cent rs be-
ing earned are receiving nothing. North
srn Pacific common Union Pacific common
Southern Pacific. Southern Railway pre-
ferred Reading frs preferred. Missouri
Pacific are only few stocks that nigh.
BE- mentioned. 4 record quite as fav0rab d
in The Way ~ earnings IS being made by .
number 81 the industrial corpora tIons aus
The times., 1899-12-10

Below are given the low prices of yes
terday in a number of securities, espec ally
the iuJustrials Compared vita them e
the lowest prices previously reached by
these stocks since the boom in the ear
months of tue year. 1t Will be seen that
so far as many Of the industria's are con
cerned the present are the lowest yet
reached. In the railway list prospective
buyers may at least have the satisfaction Of
knowing that if they 90 wrong they are
buying at very near the lowest prices
reached on any previous break. a few Sc
curiues tumbled precipitate.y at the time
of Governor Flowers death TO be.ow their
normal levels. Others on which new divi-
dends have been paid or are soon 10 be
paid are. of course. now selling much
higher than at any previous low period
But the general average of prices yester-
Gay was little better than the low pri es
of Nav and October
The times., 1899-12-10

There s more CaJaITh in This section
gf the country than all other diseases put
together and unul he last icw years was
supposed TO De incurable. For great
many years doctors pronounced it local
disease. and prescribed local remedies and
l5v c0nsaurly failing to cure with local
treatment. pronounced 81 iucuuble. science
mas proven cat8rrh 10 he a constitutional
disease and therefore requires constitu-
fionaI treatment Halls Catagrh Cure.
manufactured ~ r. J. Cheney Co.
Toledo Ohio is the only constitutional
cure on the market II Is taken internally
In doses from 10 drops 10 teaspo9nful.
II acts directly Oh The blood and mucous
surfaces ~ the system. They offer one
hundred dollars FOR any case it fails 10 cure.
send Tor circulars and testimonials
address. +. j. CHENEY a CO,
Toledo Ohio.
SOLD hy Druggists, 1Je.
Halls Family Pills are the best,
The times., 1899-12-10

The bank statement yesterday was better
than had been expected by many. Ii was,
however. not particularly good, showing a
decrease in all items. il seems probable
that the actual condition of the banks at
the close OF business yesterday was better
than the statement showed The immense
liquidation on Friday and SATURDAY and N
fact during the entire week. was only re-
aected in a curtailing Of the loan hgul es
trile over half a million dollars. IL is
said that AT least 1000 000 was 1e eassd
by liquidation during the week. The fig
ures of the statement are as follows
The times., 1899-12-10

around l1O. Immediately after the state
ment appeared, while the general list ~9s
rallying temporarily, Tobacco began TO
tumble point at time. In five or ten
minutes the break had extended over Z
points the low price reached being 1O3
The close was at 104 Further talk of the
establishment of rival companies is heard
and, curiously enough at the same time
the stock is also sold for fear that the
company Will suffer as trust in restraint
Of trade"
The times., 1899-12-10

Pacific Mail sold as low as ~. showing a
break of points in three or four days
The prediction that the stock would be
tumbled in price in order to let the Con
gressionaI speculative contingeu. into it has
been fulfilled
The times., 1899-12-10
HEAVY SLUNPS IN STOCKS
Monetary Conditions Cause a Fur
ther Decline in Prices.

4 Favorable Hank Statement Fails to
Rally the Wurket-SUgHr Refining
Records "a Loss of More Thnn seven
Pofnts-TobHcco and Metropolitan
Weak-Thc Railway shares Firm.
The times., 1899-12-10

The decline in Chesapeake and Potomac
Telephone stock has continued Two small
lots of tha stock were sold yesterday AT 81
and GA ID The bid price al the close was
62. and the asking price "a. The inroduc-
tiou OF the bill to Incorporate the Wash
ington Telephone Company and the fact
that the present company is now in the
courts, with the possibility of an adverse
decision hanging over it, are reasons given
by brokers for the weakness of the stock.
The times., 1899-12-10
Nnr Nn,.I. stnc. Market

Corrected daily By ". B. Hibbs & Co.
members OF the New York Exchange,
T1ra + Street
The times., 1899-12-10

Tbs statements of the banks and trust
companies published this week have been
read with much interest Their showing
in general is an excellent one. and in one
or TWO instances notable increases in bust
ness have occurred in recent months