Austin Weekly Statesman. (Austin, Tex.), Vol. 26, Ed. 1 Thursday, December 24, 1896 Page: 1 of 12
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TWELVE PAGES.
PAGES I TO 8
TIM ' WEEKEF STATE
it' - f
VOL. XX YT.
AUSTIN TEXAS THURSDAY DECEMBER 24 1896.
AOS
MAM.
PRICE FIVE CENTS.. .
1
(PIE.
V t .
I THE POWER TO RECOGNIZE IT
RESTS EXCLUSIVELY WITH '
THE EXECUTIVE.
j THE ONLY WAY CONGRESS. CAN
'. TOUCH SPAIN IS TO DECLARE
WAR.
' PRESIDENT WOULD IGNORE CAMERON MEASURE.
Mr. Olney Hinted Broadly to That Ef-
fectThe Affair Has Caused a Sen-
sation in Madrid A Foreign
Official's Views Press
Comments.
1
; Washington Dec. 19. The Cameron
y; Cuban resolution if passed to final pnss-
f age in both houses will constitute a di-
rect and formidable issue between the
' executive and legislative branch of the
; government. This is clearly indicated by
' the following interview given out by
secretary Olney today.
Secretary Olney being asked his opin-
' ion as to the nature and effect of the
proposed resolution recognizing the inde
pendence of the republic of Cuba said
S nave no objection to slating my
7 own vie;v of the resolution respecting
I the independence of the so-called repub-
i lie of Cuba which it is reported is
likely to be laid before the senate on Mon
'i day. Indeed as there are likely to be
j .serious misapprehensions regarding such
resolutions both in this country and
i abroad and as such apprehensions may
J have injurious results of a grave charac
ter it is perhaps my duty to point out
thnt the resolution if passed by the sen-
ate can probably be regarded only as an
;'. expression of opinion by the eminent gen-
'' tlemen who vote for it in the senate and
if passed by the house of representatives
; can only be regarded as another express-
ion of opinion by the eminent gentlemen
who vote for it in the house. The power
to recognize the so-called republic of Cu-
ba as an independent state rests exelu-
dilUAt ..rftK I. . : . i . -
-wr W ....... . a.uv.ukivM
v.. ......
uu me snujeui vj tne senate'or oy tne
house by both bodies or by one whether
concurrent or joint is inoperative as leg-
islation and is important only as advice
of great weight voluntarily tendered to
the executive regarding the matter in
which he shall exercise his constitutional
functions.
"The operation and effect of the pro-
posed resolution therefore even if passed
by both houses of congress by a two-
thirds vote are perfectly plain. It may
raise expectations in some quarters which
can never be realized. It may inflame
popular passions both in this country and
elsewhere may thus put in peril the lives
and property of American citizens who
are resident or traveling abroad and will
certainly obstruct perhaps defeat the
best efforts of this government to afford
. such citizens due protection. But ex-
cept in these ways and unless the ad-
vice embodied in the resolution shall lead
the executive to revise conclusions al-
ready reached and ollicially declared the
resolution will be without effect and will
leave unaltered the attitude of this gov-
ernment toward the two contending par-
' ties in Cuba."
; The impression here is that Secretary
: Olney's statement pointing to the lack of
i legal effect of the passoge of the Oam-
" eron joint resolution was called forth by
; a desire to minimize the danger of an
outbreak in Spain on the part of the ex-
citable populace which is perhaps more
imminent than is generally realized in
this country. Nothing less than some
such emergency it is argued would in-
duce the secretary to depart so widely
from his usual practice of refusing to
comment publicly on foreign relations
particularly during the absence from
Washington of the president Of course
the latter is ommitted by the declara-
tion of the first oflicer of his cabinet to
the view that congress has no constitu-
tional authority to recognize the inde
Another Great Year for
STATEMENT D
THE MUTUAL LIFE INSURANCE CO of New York
RICHARD A. MC URDY PRESIDENT.
Assets $221213721 33
Liabilities 194.347.157 58
Surplus S2(l.8fi(i.5W 75
Total Income $48597430 51
Total Paid Policy-holders in 1895 $23.12(1.728 45
Insurance and Annuities in force $899074453 78
Net gain in 1895 $01(547645 31
STATEMENT OF THE TEXAS BUSINESS.
INSURANCE IN FORCE.
Dec. 31. 1894.
$24581452
20.7(58971
22787877
Mutual Life
N. Y. Life ..
Equitable . . .
NEW BUSINESS.
1894. 1895.
: Mutual Life $343319(5 $8074960 GAIN $4641.7(54
N. Y. Life 9330889 3877593 LOSS 2453290
Equitable 2274813 1856829 Loss 41798
Paid to Policy-holders in Texas in 1895 $206203 80
Paid to the State for Taxes... t $12011 20
Remember that THE MUTUAL is the 'greatest company and the one that does
the most good.
As a POLICY-HOLDER you want to be in the Company that is the largest
and the safest.
As an AGENT you want to be with th e Company that gits the butiness.
Edwin Chamberlain & Co.
THAD C. BELL - General Agents for Texas
District Agent .N ANTONIO.
AUSTIN TEX.
I -- - .
pendence of Cuba for I
of this assertion of power on his part
would be construed as a' repudiation of
the action by the secretary and probably
would cauBe a disruption iu the cabinet.
So far as can be gathered from a cur-
sory scanning of the records there is
no ease that affords an exact precedent
to this for nowhere have the executive
and congress directly differed and made
iin issue of recognizing another nation.
It has been tacitly admitted heretofore
that us the secretary contends this is
a purely executive function but Senator
anieron tne author of the resolution
which hns given rise to this issue it is
understood has made a most careful and
exhaustive study of the constitutional
aspect of the matter and is firmly con-
vinced that congress has power to pro-
ceed along the lines of his resolution to
recognize the new republic.
Of course Secretary Olney's statement
indicates clearly that if the joint resolu-
tion passes both branches of congress
and is sent to the president the latter
will veto it not only on the ground of im-
policy but also because it constitutes an
infringement of bis own prerogative.
Moreover the secretary in his inter-
view goes beyond this point and . in al-
most as many words says that no atten-
tion will be paid to the will of congress
in this matter even if the resolution is
passed over the president's veto. In
this case a grave couilict of powers of
two branches of the government might
be expected to follow though just how
the issue may be mnde up so that it can
be reached by the supreme court the ar-
biter of all questions of constitutionality
is not clear at present. It is suggested
however that if the issue goes to that
length congress 'may achieve its purpose
indirectly by the exercise of a power cer-
tainly confided to it exclusively by the
constitution namely by a declaration of
war which is after all in the judgment
of many authorities what the recognition
of the independence of Cuba under ex
isting conditions would mean.
SENTIMENT IN THE HOUSE.
Should the Cameron Resolution Reach a
Vote It Would Puss.
Washington Dec. 19. The statement
by Secretary Olney of the administra-
tion's views of the Cameron resolutions
was rend with unusual interest by mem-
bers of the house. Many declined to ex-
press their opinions of the interview as
they declined to comment on the action
of the senate committee on the ground
that it might be considered discourteous
ot one branch of the government to crit-
icise the course of another. It was ap-
parent however that Secretary Olnev
had made an impression on the house ' justification for government aid was that
and several republicans endorsed his the. exposition was national and interna-
views. The interview re-opened discus- ' tional and he deprecated a policy of fed-
sion of the question whether recognition : eral aid to purely state expositions
of independence or belligerency of another i The Tennessee members rallied to the
government was an executive or legisla-; support of the measure pointing out the
tive net n question which had been prospects of the "enterprise Mr. McMil-
warmly debated before the foreign af- lan held up views of the building. On the
fairs committee when the resolutions to passage of the bill the house divided 127
recognize the insurgents as belligerents to 25 and Mr. Bailey made the point of
were considered last sessinn. The senti- no quorum.
ment among the members of the foreign
-if..: - -. . a . .
nuuiro ruuiuimtt: in uot uh mrouKiy n
favor of radical action . on the Cuban
qnestion ns it was during the last ses-
sien. It is evident from conversation of
the members that a majority opposes rec-
guttion of Cuban independence at any
rare mini iuu iit'Ai uuiiiiiiiBiruuuu cuuit
nit power unless there should be
thaiges in the situation in the island
wh.sh would demand action or mucn
new evidence regarding tne conditions
there to be secured.
lit mem bora predict that if the Cam-
erom resolution or any prepared to help i Mr. McGuire (dem.) of Alabama spoke
the Oaban revolution were put to a vote against the bill declaring that the gov-
before the house it would be adopted by ernment had ample remedy against the
large majority but many who advance . Pacific roads by foreclosure.
this prediction express the hope that they
may not be called upon to record their
votes. They do not wish to be placed in
the attitude of opposing any struggle for
the establishment of a republic yet they
do think that the reports from Cuba
p to date are too contlcting to justify
recognition.
A gentleman who stands very close to
Speaker Reed and is acquainted with
the speaker's views on the question said:
"It is highly improbable that the Camer-
on resolution will pass the senate because
there is strong opposition by several sen-
ators and it can he talked to death. If
it were brought before the house it would
be passed by a Btron' majority because
masy would vote against their own judg-
ment in deference to what they believe to
be the public sentiment. It is possible
that the question might be raised in the
hoase as a privilege matter by some
book or crook though I can not see how
that can be done."
A VETERAN RANGEIl DEAD.
Little Rock Ark. Dee. 19. James A.
Meacham. born in 1801 is dead at his
home in Suarn county. Ark. He is the
last member of the company of rangers
who accompanied the Indian commission
ers on their settlement tour in 1832. an
expedition on which Washington Irving
gathered ttie data for his book A Tour
of the Prairies." It was Mencham who
caught the black mare an incident so
graphically described in that book. .
the Grand Old MUTUAL
EC. 31st 1895.
Dec. 31 1895.
$28546932 GAIN $3965480
24.555317 LOSS . . . . 2.213654
20535948 Loss 2251929
THE URGENT DEFICIENCY BILL
PASSED BY THE HOUSE
YESTERDAY.
BILL DUE SET
It Will Come Up Under Special Order
January 7 Choctaw Indians Signed
the Allotment Treaty President
Cleveland Returning.
Washington Dec. 19. Charles R.
Crisp of Georgia son of and successor of
the late Speaker Crisp was sworn in as
a member of the house when the session
opened today. A letter from Governor
Atkinson of Georgia stated that Mr.
Crisp had been chosen at the special elec-
tion held on the 16th ult.
Mr. Dingley called atention to the fact
that the letter was not in the usual form
of credentials but he readily yielded to
the reques t of Mr. Turner (dein.) of
Georgia that unanimous consent be
given for administering the oath to Mr.
Crisp who was greeted with hearty ap-
plause as he took his seat at the desk
formerly occupied by his father.
Mr. Cannon rep.) of Illinois reported
from the committee on appropriations an
urgent deficiency bill carrying $881802
nnd it was given immediate attention.
The main item was $700000 for the com-
pletion of naval vessels on the stocks and
for other naval purposes.
Mr. Cannon explained briefly the de-
sirability of urging the work ou the ships
to completion. . The bill was then passed
without division.
Mr. McMillin (dem.) Tennessee called
up the senate bill for government partici-
pation in the Tennessee centennial to be
held next year at Nashville Tenn. The
measure curries $100000 for a govcru-
meitf exhibit and $30000 for a federal
building.
Mr. Bailey (dem.) of Texas interposed
an emphatic protest against bills of this
character and recited how they were
rushed through congress. All the cities
and towns in the country would take a
turn in holding expositions.
Mr. JJinglcy pointed out that the only
I .The speaker counted n quorum and the
V. :l I . . .i i . i. f .
u" ua i-mimbl-u uy me ioregoing vote
! When Mr. Henderson (rep.) of low
presented the resolution to give four
days beginning Thursday January 7 to
the consideration of the Pacific railway
funding bill he urged the necessity for
iuusiuodiuuki m-iiiu uii me i uciuc Tall
way question to protect the government'i
interests. In reply to a question from
nr. uocKery toein.j ot Missouri he said
tne ruie wouia give tne nouse opportu
I nity to vote on substitutes' or amend
i merits to the bill.
Saturday January 1(5 was fixed for
eulogies on the late ex-Sneaker Crisn.
At 5:10 o'clock the house adjourned.
THE CHOCTAWS HAVE SIGNED
They Will Take Land in Several
ty Tribal Government Will Cease
Muskogee I. T. Dec. 19. The Choctaw
commission signed a treaty with the
Dawes commission late last night. The
treaty provides tor allotment of lands
town sites reserve of coal helds for Choc-
taw schools and relinquishment of tribal
government within eight years.
OFFICIALLY CONFIRMED.
Washington Dee. 19. The official an
nouncement of the agreement reached
between the Choctaws and Dawes Indian
commissions was telegraphed to Secre
tary l'rancis and Commissioner Brown
ing this nfternoon by F.'C. Armstrong
n member of the committee. The dis
patch says:
Choctaws have signed agreement to
take lands in severalty; for sale of town
lots; settlement of coal intorets; transfer
. e ; ; i j . .
ui L'riiiiniui jurisdiction to iuuerui court;
all satisfactory to commission. Will be
in Washington with papers."
This action of the Choctaws closely
following tne announcement of the atrree
ment with the Creeks is the result of
long negotiations. The total area of the
Choctaw nation is (5(568000 acres. The
town sites nnd coal fields are to be sold
under some special provision.
RECEPTION TO CLEVELAND.
Citizens of Georgetown S. C Were Eu
thusiastic Over the President.
Georgetown S. C Dec. 19. President
Clevelnnd was given a most enthusiastic
reception here today. The party arrived
from the marshes about 6:Si p. m and
amiust tne wmsmng ot steam enmnes.
the ringing of bells the firing of cannon
and the cheers of the children and older
ones was immediately escorted to the
historic old Winyah Indian society build
ing where under large United States
nags battle-scarred remnants and me-
mentoes of the Mexican war and gor-
geous festoons a reception of one hour
was held.
When the party left for Washington in
the special car Coronet a great numher
were at the depot and as Mr. Cleveland
stood uncovered on the rear Dlatform.
they waved and cheered.
The shooting today compared favorably
with that of other days and large strings
of ducks were transferred from the Wis-
teria o the special car.
THE NEWS AT MADRID.
The Senate Committee's Action Caused
a Great Sensation.
Jfadrid. Dec. 19. (Copyrighted. 189(5.
by the Associated Press.) The decision
of the United States senate committee on
foreign relations to report Senator Cam
eron's resolution for the recognition of
the republic of Cuba has caused a great
sensation here. The newspapers enlarge
upon the significance of the point com
pared with the concurrent resolution and
reproach the government and especial-
ly the Spanish minister at Washington
for having been over-confident.
The ministers here decliue to talk on
the subject. It is expected that a cabi-
net meeting will be held tomorrow in
order to discuss the situation. A for-
eig office official in an interview today
with a representative of the Associated
Press said while the government regards
the action of the senate as important it
does not think a collision with the United
States will follow as the time elapsing
before the house can adopt the senate
resolution "will serve to calm the hasty
thinkers in the United States and mod-
erate the noisy patriots of Spain who
woald doubtless indulge in much of the
sum kind of talk as the jiugoes in Amer-
ica." ;
He added1: "In case the house concurs
in the senate resolution President Cleve-
land's declured policy as shown by his
message to congress nnd iu Secretary Ol-
ney h statement backed up by a majority
of the people of the United States can
be relied ujxm in such case to prevent
hostile action. The tnlk of the news-
papers of Madrid nnd Now Vnrir
be accepted ns representing the govern-
ment policy or desire.
"Seuor Canovas has unliounded confi-
dence in Minister Taylor and he has be-
i1 'J1.. Professions of United States
friendship.
"Mr.! Taylor and the Duke of Tetaun
are warm friends. Fortunately the cortez
does not assemble before April so the sit-
uation is shorn of embarrassments to the
government for the fervidness of Spanish
patriotism. 1 ho situation is not alarming
as 1 do not believe that America will go
further than wild tnlk.
"Although the resolution nf th.. r.r..;
relations rommitton of
does not surprise us it created indignn-
iiun mm proves tne attitude ot the Amer-
icans is regarded as making war almost
inevitable."
Spain seems to be prepared for the
norm anu is annealinc tn tlm ini.ipn..
tionnl Dowers to condemn Ik Tim a.
ish press is divided in its opinion on the
subject. The Epoca ministerialist con-
siders the adoption of the resolution as
aouotiui owing to the "coutruditorv
wording including the independence of
Cuba and friendly peace offices in one
resolution."
Tka.Enoca nlxn thinku tlmt Pf.0;ii
Cleveland will veto the resolution if pass-
Ol QTWI thut 'it I.I 1 .. .. 1
findmg. '
J.ne acionul condemns what is classed
as unpatriotic attitude of the Spanish
press- in attacking Capt. Gen. Weyler
nnd other Spanish generals claiming this
hurts 'their nrestige with the army. But
the Nacional considers that war between
Spain and the United States is impossi-
ble "even should the resolution bi minut
ed" owing to the "disastrous effect which
it would have upon American finauces."
El Correreo. liberal adrocati-s trrnntini?
immediate reforms or even autonomy to
Cuba "to satisfy the yankees and obvi-
ate war."
The Ilernldo condemns the "hesitation
of the government in relying upon the
irienusuip ot i resident Uieveiund wno
the Hem Id o adds is impotent to overrule
ptaion in tne tinted states which is
bent upon quarrelling with Spain nnd
Cobbling up Cuba.
INTO A RECEIVER'S HANDS.
The Texas Life Insurance Conipauy Was
so Placed Yesterday.
Tyler Tex. Dec. 10.-(Special.)-The
Texas Life Insurance company was today
put into the hands of a receiver by an
order of Districe Judge Russell. A. R.
Roberts was unpointed temporary re-
ceiver and qualified and a final hearing
fixed for December 24 when the de-
fendant company is cited to show cause
why the said receiver shall not be made
permanent. It is alleged in the petition
that the total net income since the com-
pany was organized is less than $800
and the disbursements are over $15000;
that the total numlier of policies is thirty
eight representing less thun $105000 the
premiums charged about $2(500 leaving
net a little over $700 to jne company;
that under the law there is no reserve
fund to protect the policy holders and
it is alleged that the capital stock was
never what the law required and has been
greatly impaired of late. Also that the
funds of tue company were Uieguuy in
vested in almost worthless securities
Many other forcible allegations were
made sueh ns the company had gone to
protest was insolvent etc.
STOCKHOLDERS' MEETING.
Houston Tex. Dee. 19. (Siiecial.) The
stockholders of the Texas Life Insurance
company held a meeting in this city today
II. II. Rowland president of the com
pany. tendered his resignation and W
I). Cleveland presided at the meeting
It was found upon exumiuation that
the capital stock had been impaired S2..
000 and this amount wns readily raised
at tne meeting to meet the requirements
of the law governing the transaction' of
Insurance business in Texas.
It was decided to have another meet
ing some time in January when reoreun
ization will be obtained and new officers
elected and new operations begun under
the new deal. It was decided that the
chief oUice should be taken awuy from
Tyler and a location will also be chosen
for it at the January meeting.
BLAZE AT SPRINGTOWN.
Wentherford. Tex.. Dec. 19. (Spoeinl.l
A fire at Snrinittown. this countv. last
night destroyed the business houses of
Huteheson & Co.. dealers in cenernl mer
chandise mid W. 1. McCracken & Co..
grocery dealers. Huteheson & Co. had
Insurnnce as follows: On building $1000
in ureenwicn of iscw York and $800 in
the Scottish Union nnd National. On
stock $1150 in Scottish Union nnd Na-
tional and $1150 in the Fire Associa
tion of i'hiladelphia. McCracken & Co.
also nod insurance on building and stock
but names of companies and amounts
could not. be obtained.
DR. TRASH ACQUITTED.
Houston. Tex.. Dec. 19. (Special.!
The jury in the Thrash murder trial
came iu shortly before noon with a ver-
dict of not guilty. Thereup District At-
torney Gillaspie dismissed the cases
against Charles Fisher and Mrs. Iewis
who were held in the same case upon the
same testimony. At the close of the
trial there was quite a dramatic scene
between Mrs. Riddle mother of the
dead girl and Charles Fisher.
SANGUINARY CARVING AFFRAY.
Ashland Pa. Dec. 20. During a free
fight on Center street late last night
Michael and John Gouldin were dan
gerously stabbed and Patrick Gouldin
We Mans and Anthony Cummings were
bndlr cut about the face and arms. Rob
ert McCormick ex-chief of police was
1. 1 (i 1 1 if. Lilt. UHL11 I V 1 1 1 U 1M U .. .
Gouldin are not expected to recover. The !
affair has caused considerable excitement.
I - :
ONE BIG ONE AND TWO SMALLER
CONCERNS HAVE SHUT UP
SHOP.
THE NATIONAL BANK OF US
With Assets of Between $12000000 and
$15000000 Failed to Open Monday
Morning Unwarrantable and
Injudicious Ixuns the Cause.
Chicago Dec. 21. The National Bank
of Illinois one of the oldest and best
known bankiug institutions in the city
and with assets of between $12000000
and $15000;000 closed its doors today.
The following notice was posted on the
door before the banking hours:
"This bank is in the hands or the'
National Bank Exchange by order of the
comptroller of the treasury."
This nction wus dwided upon at a
meeting of the directors of the bank last
night after the bank had been suspended
from the Clearing House association of
Chicago nt a meeting of the clearing
nouse neid early in the day.
Of the sixteen banks that cleared
through the Nutional Bank of Illinois
two closed as a result of the fuilnre.
They are E. W. Dreyfus & Co. and
Wusuiandorff & Heineman. These two
institutions ore mortgage loau banks and
savings in a small way and their failure
is not oxected to affect any business
houses.
The failure wns a great surprise in
business circles. The causes ns given by
the clearing house committee are "un-
warrantable and injudicious loans"
through which the capital and surplus
of said hunk is surely imperiled if not
absolutely lost.
One of the lendinir Ixinkiwii nnl flnn
eiers of this city nt noon today said to an
Associated Press reporter:
"The failure of the Nutionnl Bank of
Illinois has created no distiiibiuii-o nf
consequence in financial circles here. One
or two private bankers have failed. But
this is only n natural consequence of
sucn naiiKiug or real estate values."
The statement was made that a loan
of. $240000 to the Calumet Street Rail
way company of which .1. W. Farson of
Furson Leach & Co.. is president hnil
caused the National Bank of Illiuoirt to
suspend.
Mr. b arson declined to make a stnte
ment on that subject but stated that th
failure would not affect the Calumet
road.
Heavy loans on real estate nre also snid
to have been mnde. The lust statement
ot tne bunk snowed deposits $12125-
7(56: loans. 9.199.642: cash securities S4 .
983808. It is thought probable that none
of the depositors will suffer from the sus-
pension as the bankers who were present
at the meeting of the committee recom-
mended a proposition to advance 75 per
cent on all adjusted cluims against the
National Bank of Illinois. In addition
to this they have agreed to use their in-
fluence with all other members of the
Clearing House association to accept all
such claims as collateral at the same
ratio.
The National Bank of Illinois wan or
ganized in Aueust. 1871. with a cunitnl
stock of $300000 which was subsequent
ly increased to j.uuuuuu. It was regard
ed as one ot tne soundest financial lnti
tutions in the city.
Another suspension was recorded late
In the afternoon growing out of the
trouble of tne ."National Bank of Illinois.
Judge Horton of the circuit court ap-
pointed John Nickols receiver for the
property of Frederick Weirsmn who
owns the Uoseluml hank which Is sit
uated In Rosclnnd. The assets are placed
at f i;uw ana tne deposits at $50000.
The bank will resume business in a few
days.
OOMPT. ECKELS7 STATEMENT
Washington Dec. 21. In regard to the
statement mnde today regarding the fail
ure of the National Bank of Illinois
uompirouer cjckcis said:
"The failure is duo to injudicious reck
less and imprudent methods followed by
tne omecers and not checked by the di-
rectors though their attention had been
individually called to the same and over
their individual signature they had prom-
ised to remedy the weak points in the
oanK s condition. The larger source of
failure is the bank's holdings In Calu
met street railway stock the full amount
of which cun now be stated for it is dis-
covered that a part of such holdings was
not made to appear on the books but car-
ried in another account. This and doubt-
ful loans had lxen ciiIIihI by sjiecial let-
ter to the attention of the officers and di-
rectors and specific Improvement prom-
ised a year since. In June Inst on the
surface there had been mnde an improve
ment Dut wnen Hank examiner Me-
Keon. ou November 30. examined the
bank he found that the books showed
the loans to the (Calumet company and
other similar loans had been increased
and the promises of the officers and di-
rectors had not been carriinl out. Upon
this report I prepared a letter addressed
to the president nnd directors which I
sent to the examiner on December 14
to be read to them. This letter reviewed
at length the condition of the bank and
the failure of the oromines made. I em
phasized the position taken by the offi-
cers that a decided and radical change
had to be at once made trfla notified the
directors with a full and complete anal
ysis on the part of the examiner of the
matters in ' the bank demanding atten-
tion. rn Saturday I received notice
from the examiner that rumors of the
Highest of in LeaTcninj tover
bank's condition had reached the clear-
ing house committee and they decided
to have his report read to them. I or-
dered that it bo done. The condition re-
veuled led to a resolution to suspend it
from the clearing house. Before action
wns taken the examiner telegraphed me
and in reply I suggested that in view of
the large interests involved great care
should be had and even at the risk of
taking Borne chances funds might be
provided if it wns deemed safe to do so
to afford voluntary liquidation. The as-
sets of the bank were examined and its
management as shown by the examiner
considered and as a conclusion it was
decided that the bank should be sus-
pended from the clearing house and
funds not furnished for voluntary liqui-
dation. Three of the bank's directors
were present at these meetiugs. I am
convinced that the clearing house com-
mittee acted judiciously. The manage-
ment on the part of the officers has been
to state it mildly grossly negligent. The
liabilities of the. bank nro large but by
careful i.nd judicious management the
loss entailed UMn creditors need not be
large if any. Every measure will be
taken by the clearing house and the comp-
troller's office to prevent other bank
failures and unnecessary monetary strin-
gency." NOTICE TO NATIONAL BANKS.
Washington Dec. 21. The comptrol-
ler of the currency has made a call ou
national banks for a report on their con-
dition at the close of business Decem-
ber 17.
DROWNED BODY FOUND. '
Wharton Tex. Dec. 21. (Special.)
The body of Chan. Underhill who was
drowned in the river nearly two weeks
ago was found yesterday evening half
a mile down the river where it had
lodged.
The body was swollen and disfigured
beyond recognition but the clothing and
articles found in the pockets served to
identify it as the body of Underhill.
AN UNFORTUNATE MISnAP.
Cleburne Tex. Dee. 19. (Special.)
Mrs. Dollie Wulte nn employe of the
steam laundry was injured very badly
yesterday evening. Her arm got caught
in the machinery nnd was crushed in ihi
elbow. Physicians amputated it last
night. She is. a widow nnd has three
children depending on her for support.
BOARDING HOUSE BURNED.
Ennls Tex.. Dec. 19. (Special.) A
one-siory uoaraing nouse near tne rail-
road shops was totally destroyed by fire
at 6:30 this morning. A defective flue
was the cause. The house was owned
by G. II. King of Dallas and Insured for
$1000 in the Southern of New Orleans.
Mrs. 3. 10. Martin occupied the house
and lost almost all her household goods.
Insured' in the Lancashire for $1000.
RECEIVER APPOINTED.
Gatesvllle Tex. Dec. 19. (Special.)
On application of the Indiana Stove
Works Judge Straughan at Hamilton
appointed F. H. Cardwell receiver of the
L A. Reeco & (Jo. assigned stock of
hardware vacating E. G. Moore trustee.
Cardwell was put in charge this morning.TELEPHONE CONFERENCE.
Groeslieck. Tex. Dec. 19. (Special.)
J. E. Farnsworth of Dallas superinten-
dent of the Southwestern Telegraph and
Telephone company was here today In
conference with their agent J. A. Cay-
ton relative to the exchange soon to be
erected at this place by them. Mr.
Farnsworth stated that work would be-
gin about January 1 and pushed to com-
pletion.
WILL TRY ANOTHER FOREIGNER.
Wilmington Del. Dee. 20. The en-
gagement is announced of Mrs. Relnold
Abraham Lcwcnhaupt widow of Count
Iyewenhuupt who was Nellie Bayard
youngest daughter of Ambassador Bay-
ard to Mauritz llagren a young archi-
tect of Paris. The ceremony will occur
in that city bat no date has been fixed.
Mrs. Lewenhaupt's former husband to
whom she wus married on April 2 1891
died two weeks after the veremony.
HERMANN'S REMAINS INTERRED.
New York Dee. 20. The body of Alex-
ander Hermann the magician was laid
at rest in a vault at Woodlawn cemetery
today where it will remain until the fam-
ily decide on a permanent burial place.
Previous to the interment -funeral ser-
vices were held at the Masonic temple
whl'-h were attended by a large crowd
including many members of the theatri-
cal profession.
The Jewish services were conducted by
Rabbi Joseph Silvermann of Tempto
Emanuel and were followed by the Ma-
sonic rite conducted by 'Grand Master
Charles Heizer.
THE BIG BOAT BROOKLYN.
I'hiladelphia. Dec. 20.-The United
States cruiser Brooklyn which has been
lying at League island navy yard since
going into commission three weeks ago '
will start on ber first official cruise next
Saturday. -She will steam first to he
naval station at Newport. R. I. After ;
ber provisions have been taken on board
the cruiser will proceed to Brooklyn
where the citizens of that municipality
will formally present the Brooklyn a
handsome silver service. After this cere
mony and the attendant festivities have
been concluded the shin will go to Hamp
ton Roads and join the Atlantic squad-
ron. WILL SWING OFF TOGETHER.
Frankfort. Ky.. Dec. 20.-Sherlff Plum-
mer of Newport has been In consultation
today with Governor Bradley. The lat-
ter indicated that he would fix the same
day for the execution of both Jackson
and Walling. Tne final mandamus oc
the conrt has not yet reached Governor
Bradley but he is already receiving let-
ters by hundred pleading for mercy for
Pearl -Bryan's murderers.
SHOOTING' AFFRAY.
Groestvek. Tex.. Dec. 20. (Special.)
A shooting affray occurred last night en
S. B. Wiley's farm about one and a baK
miles from this place. Will Sander was
shot in the side of the face ranging
downward. John Kennedy is in jaiL
- Latcrt U. S. Gov? Repert
31?
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Austin Weekly Statesman. (Austin, Tex.), Vol. 26, Ed. 1 Thursday, December 24, 1896, newspaper, December 24, 1896; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth278831/m1/1/?q=gammel%27s+law+of+texas: accessed July 18, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; .