New-York tribune., 1901-12-08
PHILADELPHIA AFFAIRS.
THE POLITICAL SfTUATION-CLOSlNG
OF THE NEGRO BANK-A VALUA-
BILE NEWSPAPER PROPER
Ty To HE SOLD
TY TO BE SOLD.

T1 III BE SOLD.
PHILADELPHIA Dec Z fspeciaD-The political situa-
ticn In Pennsylvania ha. become somewhat COM
plicated since the last election by the second
ripping" OF Pfttsburg by Governor Stone, accom-
panied by the surprising possibility OF Senator
Quay bringing again into political lie ex-uniteo
States Senator Donald Cameron. Don Cameron
in mis- day than the ''son of his father simon
Cameron has practically passed out of the public
eve and has become little more than a tradition OF
Pennsylvania Passing much Of his time IN MS
Southern home. his ole time friends began TO
look upon him no longer as a citizen of this COM
monwealth. But Senator Quay's motives are past
fatho.ning. Just now, however, the Pittsburg
ripping" is considered as having more bearing
upon the immediate future than any other event,
Il has been apparently done in face OF the
protests and against the wishes Of Senator Quay.
10 whose fortunes Governor Stone has been sup
posed be devoted The friends Of Mr.. Quay are
the sufferers.
A short recapitulation of recent history is neces
sary a comprehension of the situation by those
rot conyersant with the trend OF Pennsylvania poll
tics During the contest which was unsuccessfuilv
waged against the return OF Mr.. Quay TO the
United States Senate the Republicans in the iegis-
iature who opposed him were called insurgents,
finally adopted by themselves. Those from
the eastern end OF the State were headed by State
Senator David Martin, who had been driven from
control the machine in Philadelphia by state
Insurance Commissioner Durham Those from the
western part of the State were headed by the late
Senator Christopher Magee, of Pittsburg. who was
in undisputed control of the Republican organiza-
tions Pittsburg and the county surrounding
Allegheny. Upon Senator Magee's DEATH shortly
after Mr.. Quay's demonstration of his power over
the State legislature Senator William Finn sue
ceeded TO the western leadership. Then the iegis-
lature passed the 'Pittsburg ripper-a bill author
.zng the Governor remove from office in cities OF
the second class all the municipal officers and ap-
pout I'm their stead men of his own choosing, also
subject removal by him at any time, the govern
ment thus established to remain in power until the
citizens should, next springs electlon, choose
officers of their The Supreme Court affirmed
the constitutionality OF the act, and all OF MI
Fnnn's friends ripped" out of office and sup
planted by the friends of Mr. Quay
Soon after that opened the campaign for the NOM
ination of State officers A justice of the Supreme
Court and a State Treasurer 10 be elected, and
the insurgents making themselves felt In
all parts OF the State. The principal issue was made
on the State Treasurership which had been hlled
for many years by men named for the Repubhcan
party by Quay and his friends. Soon were heard
rumors Of conferences between representatives OF
the organization and those of the western END OF
the opposition. These eliminated In Visit py
Senator Finn last to Governor Stone IN MI
Durhanl's cottage Atlantic City. Its result was
apparent when in the State convention senator
Fiinn's ripped out Mayor OF Pittsburg made the
speech placing in nomination for the supreme
Court Governor Stones former law partner justice
Potter and tn. entire Allegheny delegation as
sisted in the nomination Of the machine candidates
IoyaI support was given the ticket at the polls
and Allegheny County rolled up an unprecedented
majority for the machine ticket Justice Potter mas
not been sworn IN for his term, nor has state
Treasurer-elect Harris taken his Office but the olo
Finn men back in power and place in Plttspufs-
Governor Stone had done his second ripping act
and removed from Office the Quay men whom ne
had appointed after the adjournment OF the iesis-
lature.
Mr. QUAY declares that Governor Stone took the
hit in his teeth and acted contrary to his advice and
in spite Of his warnings and protests Mr. durham
and the men in the say that 1t is none OF the
fight. In it all the most perplexed ana dlstfesseo
man is Attorney General John P Elkin, who mas
all along been looked upon as the machine next
candidate for Governor lie also SAYS that ne pro-
tested most yehemently against the Governor
course and he does not know whether TO resign tie
Attorney Generalship. thus offending Governor
Stone and his allies In Stones home county. or
retain his position, and, along with the Governor
the reprehension with which the act is viewed by
his own and Senator Quays od friends in the west
part of the State
In the mean time. Senator Quay says that such
a good man as Elkin should not be put up for Gov
ernor this time and made sacrlnce quay
friend Senator Thomas V. Cooper, suggests that
Don Cameron would be just the man upon whom
all but the bitter Insurgents and the proles-
sional reformers could combine Mr. Cameron Is
coy and suggests that ex-senator Louis A Watres
mildly -insurgent," from the northeastern SECTION
OF the State would about fill the bill. And yet
even the of the politicians are at sea as 70
he relations
other and what is most desired to Know IS.
What did the Governor say TO the senator: ana
what did the Senator say to the Governor at At
lantic City,?
The latest effort OF Philadelphia representatives
of the negro race to cope with the higher problems
OF the time reached unfortunate END IN tne
closing by State Banking Commissioner Reeder OF
the First Colored Bank North 1t has mad an
existence of less than four months, in which II did
a business of only sa.oeo Its capital was s0ooW IN
shares OF 81 each. The banks depositorS, as wen
as all connected with its operation, were colored
people. The of the failure is said TO be IN
ternal oissension and the banks president, John
Clinton jr is under $500 bail to appear IN court on
the charge Of obtaining money under false pre-
tences and misappropriatng funds. The prosecu-
ton the instance OF James w caldwell
cashier of the bank and the principal depositor
In newspaper and political well financial
circles great interest attaches TO the coming 1u-
diciai sale of THE Philadelphia Record one of
the most valuable newspaper properties OF the
country. 1t Is learned from reliable source that
newspaper capitalists, politicians with much money
and fnancisrs Of great industrial enterprises are
preparing bid on the property. The newspaper
vas originally owned by the late William NJ.
Gangerlv president of the Chestnut Street Ma
tionaI Bank Much stock in it and other securities
nearly 81 ooo.oo as long eight or nine years be
fore ilis DEATH in 1855 When the bank failed in
December 1897, and Mt. Singerly's troubles became
known a panic among the holders of these securf-
ties e,lsued. and they were ready TO sell at almost
ayy price George H Earle and William Cook re-
ceiyers OF the bank. assisted by the Controller of
the Currency, stepped in raised the slOOo,VD re-
aui-ed to take up these securities. and saved the
eouitiee the depositors Of the bank and its ad
Supct the Chestnut Street Trust Company. The
6vidends on their claims of nearly s2.0eo.oO. and