The Galveston Daily News. (Galveston, Tex.), Vol. 43, No. 55, Ed. 1 Saturday, May 17, 1884 Page: 1 of 8
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THE BEST
Reminitoi Standard
TYPE-WRITER
Bold on Monthly Payments Fop information ad-
dress
J. W. BIRSON & CO., Special Affts,
J. H. HAWLEY & CO., General Airents.
^PHOTO
159 and 161
COPYING AND ENLARGING
LAR6E ASSORTMENT OF WALL
AWtWSEWBNTS.
MAI F EST
Schmidt's Garden,
SUNDAY, MAY 18, 1881.
For full list of Attractions see Special Pro
gramme.
For Fire works see Special Programme.
F<Mr Concert see Special Programme.
No return checks will be issued after 8 p. m.
THE CENTRAL COMMITTEE.
MUSICAL TREAT!
GO AND HEAR
PETIT'S
BEAGH HOTEL
BAND
IN FRONT OF THE
BEACH HOTEL,
Saturday, Hay i7, at 6 P. SI.
PROGRAMME:
PARt I.
1. March—Emperor KolorBela
2. Overture—Diadem A. Herman
3. Grand Waltz—Lamenting Artisi Wie^and
4. Galop—Hurry Scurry C. Fiebde
PART II.
5. Greed Selection— Rage In the South..RingIeb8n
6. Solo for Musetend Xylophone Uiagleben
Fy J. Kingleben ana II. Eulenberg.
»*. —Scaubprt
..Bemloshnar
PART in.
0. Overture* Pan Domingo HingTebdi
30. gclo for BrisF—'The Tube Hose Polka. Iliagleben
I'y F. iraulter and II. Eulenberg.
11. Selection—Piiatcs of Penzance Sullivan
12. Galop—IJip, Hip, Hurrah ...Kelar Bela
The Reach Hotel Blnnd will play at Ihe Maffest
To-Morrow.
i . t nacio.
8. Slaich—Hail, Cclumola...
OFFICE PK l
GALVESTON CITY RAILfiOALf COMPANY, [
Gala estox, Texas, May 10, lb84. )
SPECIAL NOTICE.
Tlje Public are hereby respectfully infonuad that
the-BATH AVENUE AND MECHANIC STREET
LINE will open cu
Snturday Morning, May 17,
and cars will run in circuits ill both directions. The
clrcult^will include Twenty-first street, Mechanic
Slreet, from Twenty-first to Bath Avenue, and
Bath Avenue to the Beach, and along the Beach
front to Twenty-first street.
Cars running on this circuit will have hanging
signs reading as follows: ' VIA BEACH HOTEL
AND BATH AVENUE."
WM. H. SINCLAIR,
President.
SOUR LAKE HOTEL.
NOW OPENED
For the Summer, with New Improve-
ments and Superior Accommodations at
ihe station for guests arriving on night
train, by
MRS. S. B. WHITE,
formerly of Washington Hotel, Galveston.
For Circulars and other Particulars,
Address
MANAGER SOI"It LAKE HOTEL,
Hardin bounty, Ten.
SAFES ~~
AND
vault doors
F&Ti SALE.
One New Fire-proof Van t Door.
One New Fire nntl linrglnr-proof Safe.
Has il;e latest improved Burglar-proof Chest, with
Crane Hinge, and first-class Bank Lpck.
Ont> New Fire*proof Safe.
These articles are of first-ri.iss manufacture, just
from the factory, and for sato cheap.
Address, for Particulars,
Geo. M. Steirer & Co.,
COMMISSION AND GRAIN MERCHANTS,
S i 171 Strand • • • Galveston.
BEN THOMPSON—AVE WANT A GOOD CAN-
vaseer in every county to sell the Life and Ad-
ventures ox Ben 'i hompson. For terms and terri-
tory write EDWARDS & CHURCH, Austiu, Tex.
of Publication: Nos. 184 and 18(5 Mechanic Street, Galveston. Entered at the PoStoftice at Galveston as Seoond-cl\ss Matter.
VOL. XLIIL—NO. 55.
GALVESTON. TEXAS. SATURDAY. MAY 17, 1884.
■ i —.. ■■—-—
ESTABLISHED 1812.
IN YOUR NEXT ORDER INCLUDE A
PACKAGE OF
Gravely & Miller's
9-INOH.
IT IS FINE.
I«*s,«saa8ttoopqn
u llmann, Lewis & Co.
GRAPHER,
Market Street.
PICTURES A fiPECIALTY.
AND STAND F1IAM1C8 ON SALE.
E. S. DUEKEE & SJO.'S
(NEW ITOHK
SALAD DRESSING
NOTHING TO BEAT IT.
No Hotel, Fnmlly or Bonriiiiar House
wlileh desires something really nice
should be without it.
Send for sample case to
FlCKE, V1L1US t UH£E
WHOLESALE GROCERS,
Importers and Cotton Factors,
GALVESTON, TBX.
REED'S
GILT-EDGE TONIC.
A (rue specific for Malaria, Fever and Ague,
Chills and Fever; an efficient tonic for tudigestion,
Dyspepsia and Loss of Appetite.
Indorsed by the highest medical authority on
this continent, viz. ;■ Benjamin Silliman, M. D.,' pro-
fessor of chemistry, medlual department Yale
college; R. H. Chittenden, instructor of chemistry,
j ale College; Chns. Honsom Upson, M. I)., analyti-
cal chemist, Collegiate institute, Springfield, Mass.;
E. A. Gcssner, commissioner and president of
board of pharmacy. Slate of Connecticut.
No liquor dealer's'license required to sell
HEED'S GILT-EDGE TOXIC.
A splendid Eisht-Day Clock given away with the
first order for live < ases—warrantod a parfoot thna
keeper; elegantly finished in lianl wood.
If our inierior merchants are not able to get
these goods from their regular jobbing house,
llieir orders will he carefully attended to by send-
ing orders to J. II. HAWLEY & CO., Wholesale
Agents, who will have the goods promptly for-
warded cir the usual terms of general merchan-
dise bills. Remember fou can have your orders
promptly filled by addressing
J. H. Hawley & Co.,
GALVESTON,
GENERAL AGENTS FOR TEXAS.
HEADQUARTERS
FOR
Groceries.
Why is it that, notwithstanding the
complaint of dull trade, my sales are
as large noiv as at any time during
the year 1
I believe it is because, beside filling orders
promptly and with first-class goods, 1
am content with small uniform profits
all the year round—do not charge car-
rying prices.
Also, because orders sent to me by mail
are filled with the same care, with as
good selections, and at as low prices
as tf the purchaser were buying the
goods in person, with cash m hand.
Wm.D.CLEVELAND
HOUSTON.
BAIN'S
ONE SPOON
BAKING
POWDER
The Strongest ancl
Best Baking Powder
now in use.
It costs less than
other brands and
goc s further.
IT IS THE
Most Economical and Healthful Powder
THE CONSUMER CAN BUY.
Every can is guaranteed, and we will refund the
money if any proves not satisfactory. Send for
prices and discounts. Save Money and give your
trade a better class of Powder.
Lei Mer & Henderson,
WHOLESALE GROCERS.
GALVESTON,
FOR SALE.
One Baxter and one C. B. Lee <Sr*
Co. engine. These engine* and boilers
are in good running order, with every-
thing complete. They can be seen at The
News Office, and are to be sold because
they are not large enough for our pur-
poses. The Baxter will be sold for $350.
and the engine for cash or city
acceptance.
Apply at The News Counting-room.
A. H. BELO «JL Cr.
POWDER
Absolutely Pure.
1 his Powder i ever varies. A marvel of purity.
Strength and wholesomeness. More economical
than the ordinary kinds. Sold only in cans.
ROYAL BAKING POWDER CO., 10C Wall at., N. Y.
Kentucky Club
Hand-Made
SOUR-MASH,
May, 1861.
stCTHcpergal,
T. B. Ripy
SOUR-MASII,
May, 1831,
at 60c per gal.
Anderson
80UR-MA.3H,
May, 1831, 550
Fall, 1881, 50c.
Kauffman & Runge,
1881. GALVESTON. 1881.
ST A R AND CR ESCE N T
SODR - MASH WHISKY.
December,
1881,
45c*in bond.
December,
1882,
42.M>c in bond.
I December,
18S3,
f in bond.
COMMERCIAL MEN, ATTENTION — NEW
management. MaLLOY HOTEL, Corsicana.
First-class. Rates, $2 00. Geo, W. Evans, Prop.
'■-JiliKHK BIIDSET.
A County Attorney's Explanation,
District Court—Personal —Suit Filed—Imposing
Taxes—Cattle Shipments Over the
IVew Route, Etc.
ispwjiai. to The Ntsws.l
Saw Antonio, May 16.—It was divorce day
in the District Court to-day. Seven cases were
continued, one non-suited, one dismissed and
judgment granted to plaintiff in the cose of
Julia Weir vs. Peter Weir. Every reporter
in the city was present In hopes of (jetting tho
details promised in one o£ the cases continue'.!.
County Attorney Fred Cocke, whose failure
lo file suits against the land frauders douii-
.cileel in this county is being sharply criticise.!,
furnished the following explanation of his
action: "About the time present court began
the March term claims were sent to mj to
file suits upon in behalf of ths
State, under reports of the land fraud board.
I went,at my own expense,to Austin,and asked
of the attorney-general and Land Commission-
er Walsh that the money tie returned on tin
purchases, end that the notes outstanding for
the balance of the purchase money lie given to
me, in order that I might tender them back at
suit. I took the position that the State could
not cancel the contracts and thereby secure the
land until Ihe money paid in had lioeu re-
turned and the notes be teudered back to the
purchaser. Tho authorities named re-
fused to give mo the notes or to
authorize me to tendor them back with the
purchase money, and I returned home. Tho
grand jury was then eonveued and I baveha 1
no time to give to anybody. Tho amount of
Work I have had to do and have doue will at-
test roy assertion that I have been busy. The
State w anted me outside of this to recover tho
land, retain the purchase money paid into tin
State, and ulso to still retain the notes. This
is the law as interpreted by the otlicers in ref-
erence to the indicted. I knew nothing about
the number of acres, nor auythiug in
detail about the claims. I havo tlietn; but have
not time to examine them as yet. They are
now, of course, a nullity." The explanation
is likely to-be more sharply criticised tha the
failure to institute the suits. While he con-
ceived the suits to be of sufficient importance
tofindtimeto go to the stato capital for con-
sultation with the proper athorities, at his
own expense, yet he could not find time iu San
Antonio to examine the data upon which t'ue
claims were based; although the data fur-
nished him by the attorney-general were
in his potsession at " his home,
where the papers still remain.
He^had from Ihe opening of the March term
to the HIh of April to file the suits in. Yet,
during that wholo time, he never learned the
(ontenls of the papers forwarded to hiui from
the ftale capital, nor learned from the act of
the legislature creating the land fraud board,
tl;e time fixing when a failure to bring the suit
would complete and perfect the sale of said
land. These facts invite criticisms that are
sure to follow coin met) t on the loss of thou-
sands of acres of school lauds to the State
tl'iough the nepligenceof the couuty attorney.
Judge E. H. English, chief justice of the
Supreme Court of Arkansas, is in the city for
the purpose of spending Ihe summer.
11, ; "
eston. Harrisbi
company. The pe
leges that in tho year 1881 A. A. Porter vvat
possessed of a tract of land on the Medina and
known as the Wyatt tract; that said owner
has since died, and tho plaintiff files this suit
as his administrator. Tho allegations made
are that the defendant (the said railway
company) entered upon and took
possession of some 100 acres of the aforesaid
land, excavated the earth, built, maintained
and operated its railway, and erected other
and valuable improvements oil said land.
There are several items of the damages and
rente enumerated, and it is also sought to try
the title to the tract and recover daifiages ag-
gregating 859,000.
1 he county commissioners, at their session
this morning, agreed to impose the following
ad \ alorcrn taxes for the year 18S4: State tax.
IT'.J per cent.; school tax, county tax, 13;
sj ecial court house, 8; special Mexican Gulf
lends account, 4; special road tax, 5; special
school house bonds account, 15. Total, 75 par
cent. This is IS percent, less than the total of
taxes imposed last year.
The shipments of stock for the past twenty-
four hours foot up 1ST carloads of cattle and
thirty-four cars of horses over the Sunset and
lnteinational railway. It is said that the
Sunset will move 15*X) care of cattle by their
route to Colorado durit>g this month and the
early part of June. The first train over the new
route made the ruu from San Antonio to
Murphysville, 410 miles, iu twenty-seven
hours; Murphysville to San Marcial, N. M.,
372 tuiles, iu twenty-one hours, aud from that
point to La Junta, Colo., 450 milos, in twenty-
eight hours, making a run of 1333 miles in
seventy-two hours, including all delays. A
telegram to the shipper says that on arrival
the cattle were in splendid condition.
THE FINANCIAL SITUATION.
More Hopeful Aspect in Wall Streat,
IISK & MATCH'S AFFAIRS — NEWARK
SAVINGS INHTITI TIO.V IJO.VK I VDEIl
—IlAltnV iV «>\S' BIISI'HNSIMIV.
Vint Manager Camp Sayi—Heaty llemnnl for
Lentil Tenders—Senator Sherman Speaks.
Jessup M. Bell, administrator, has filed s lit
against the Galveston, Harrisburg and San
Antonio Railroad company. Tho petition ul-
jln All. nta llnilker Climes His IIoom— KnAxas
< Ity Out ef Danger—Huntington'*
Statement, Etc.
Nkw Yornc, May 10. —9:1)0 a. ill.—Wall
.Street has been alive with people for fully half
i n hour. At this time every indication points
to a bi i.-k day. The office of Fisk & Hatch ii
0| en lor all desiring to consult tho firm, but
J#o business is transacted beyond receiving
claims and fixing the basis of sottlomcut. Fisk
Bail! many depositors other than creditors had
expressed entire confidenco and notified them
that their claims would not be pressed.
10 n. m.—The commencing-busine3s gong
Botn ded and tho day's business begun atKho
Btci k exchange. No appearance of a flurry
!» visible on tho floor, and although various
pools appear larger than usual, the number of
offers appear equal to the bids. A talk with a
.few members of the board brought out tho fast
that thoy believe higher prices will ba obtained
to day unless new failures are announced, but
It is impossible to predict what the day may
Llicg forth.
Action of the Clearlng-hoiM!*.
10:15 a. M.—The clearing-house committee
Ihis loan certificates ready for instant deli very,
and express a determination to use them liber-
ally uith a view of relieving, without delay,
any stringency in the money market.
'I hero is wild talk of closing the Stock un-
charge, but it is treated with ridicule, as uo
ljec( sslty exists for such action, speculation
being in no sent® panicky.
! An old member of the board says dealings
Are less flurried than on many occasions whan
do particular reason existed for excitetn iut.
An officer of the exchange states that he was
informed by Russell Sage that ho would mest
every "put" seat In, but must proceed slowly.
Seltled Down to Birttnm.
10:30 a. m —'The street has settled down to
work. There is an absence of idle gazers, an I
the vicinity is no longer lumbered with masses
of < uriosity-seekers, The visitors' galleries are
veil filled, a majority of those looking on be-
irg elegantly dressed ladies.
Sleeks opened weak aud feverish, except •
Vfttcrii Union and Union Pacific. This was
sti< ceelied by a better feelinj aud a general
advance ef from }to 2.
Another Suspension.
s^N'r.w York, May 10, 11:05 a. m.—H. C.
Hardy & Sons announced their smpensiou.
lianly &*Son's ottie03 aire at 10 Wall street.
They slate that their suspension at present is
t'Moeounted for. Stocks are heavy and de-
i .i ralized on-aceount of the Hardy failure.
A Rnlly In Stocks.
"kvt York, May 10, 11:25 a. m.— Stocks
raided to 2,'4 for some shares, and bat few
sti cks are heavy.
.Manager Camp, of the clearing house, says
Hat banks are availing themselves more free-
ly of the new certificates. He will not bo sur-
1 rised if $1,000,000 were takou to-day.
Ooycrninen's l>. j»r.'>Hc!.
Krw Yokk, May 10.—rlovernfiionts are ile-
prcreed, and tho 4Us and 4s, which closod at
llCfglia aud 120(3;I~2 on tho treot last night,
tue now 108J^(rt lOl'^j and 11<!(«?11S). A bank
president stivs the weakness is caused by tile
fear that fisk & Hatch's holdings will bo
muikettd.
Yanderlillt's llrokers.
New York, May 10—11 :^i0 a. m,—Vander-
bilt's brokers say their chief will reach Lon-
don Monday, when they expect to roceive
heavy orders from him to buy.
Suspended firms are all busy straightening
affairs. Goff & Randio «ill not have a state-
ment before next week. Dimiek & Co. state
they require some time to adjust theirac-
counts. Hatch & Foote, Bogart&Co., Hotch-
kiss & liurnbuin and J. C. Williams can not
give anything definite as to the state of their
affairs. Nelson Robinson & Co. expect to re-
sume 111 a short time. Donnell, Lawsou &
Simpson are not disposed to say anything.
Sterling exchange quotations nominal.
The Demand fur Legal Tenders.
Noon.—The first two holirs of business,
which arc usually the most dangerous in the
season of flurry, have passed. Only 0111 small
failure was announced, which had no de-
1 msing influences.
Sub-treasurer Acton says there was a brisk
demand for legal tenders at his office yester-
day, causiug the withdrawal of $3,5:)3,00J. LTp
to this hour to-day, a million in legal ton let's
were paid out, and nearly another million of
silver certificates. The latter for paymjqt to
savings banks.
Huntington's Statement.
New York, May 10.—C. P. Huntington,
president of tho Chesapeake and Ohio rail way,
was interviewed in regard to the statement
that Fisk & Hatch were embarrassed thro i »h
holding stock of that road and Central Pacific,
lie responded: "The reports are untrue. 1
know the firm hasn't any Central Pacific stock.
It can't hold any Chesapeake aud Ohio unless
it is some that it had before the panic of 187 !,
when theflrm held most of tho Chesapeake an 1
Ohio at high prices, but may have some still—
possibly a thousand shares."
President Baldwin, of the Fourth National
bank, who knows the firm affairs intimately^
confirmed Huntington's statement and sai l the
whole cause of the firm's troubles was the de-
cline of governments.
At the Produce Exchange.
New Yobk, May 10.—Business matters at
the Prodr.ce exchange have rather a gloomy
Jock, although no failures or rumors of fail-
ures are current. Those onga^ol in trade are
not disposed to operate to any material ex-
tent, and shippers aud operations are checked
by thec-xtreme difficulty iuselling. In sterling
exchange prices are all lower and tending
downward. Leading members, though, are
ciuite hopeful there will bo n J panic on t!i.'
Produce exchange; but soma memb >rs are dis-
coutaged at the outlook of financial affairs in
Wall street.
How Hanks Stand.
New York, May 10.—The run on tho U ni-
eraut Industrial Savings bank abated to-day.
Over 1160,000 were paid out yestorday.
There is no run to-day on tho Manhattan
Savings institution.
The Greenwich Savings bank run ended to-
day.
Ibere was a steady run on tho German Sav-
ings bank to-day—mostly women,—the teller
paying gold.
'Ihe Second National bank is quiet co-day.
There were many deposits and but few draw-
ing out.
A Banker's Decision.
Atlanta, Gn., May 10.—John H. James,
banker, announced last evening that he would
tot open the doors of his institution this morn-
ing. He has $500,000 worth .of real estate,
v\fiich he will offer for sale immediately, ami
which will more than meet the liabilities of
the bank. Ho was offered assistance, but Mr.
James declined it.
' Knnsns City Soil!.
Kansas City, Mo , May 10.—All traces of
yesterday's flurry iu banking circles have dis-
appeared, ami the banks are all paying iu full
to-day and business is moving as usual. Tho
plan of partial payment adopted yesterday
was simply a precautionary measure and was
ilispen ed wit h as soon as confidence was re-
stored.
Chicago Firm.
Chicago, May 10—10 a. in.—The opening on
'change this morning was not aeeonipanlel by
any cxce.'sivc excitement, und prices tiro een-
erully stronger.
Newark Savings Institution Closed.
Newark, N. J., May 10.—Tho Newark Sav-
ings institution closed its doors to-d 1 v. The
bonk efflcers say Fisk & Hatch oivo tha
institution $1,000,000.
The Savings bank makes a statement of t'ie
purchase of government bonds lutr isted to
I isk & Hatch, and who agreed to pay tho in-
1 crest pending the investment. Tha reputa-
tion of the firm led to over-confidence and
carelessness about obtaining the necessary In-
vestment!. The firm owes the bank nearly
f 1,000,000. A box of securities of the bank,
l't by (lie firm, which ought to hold govern-
ment bonds, only has instead personal pro-
perty, not of equal value nor nearly as sale-
able.
Senator Sherman's Opinion.
I hit.Anri.pniA, May 10.—Senator Sherman,
Interviewed here, said: We are neither iu a
panic nor on tho verge of it, unless my judg-
ment is severely at fault.
\Vhat the Sub'treiMiircr Reports.
New York, May 10.—Washington advicos
state Unit tho sub-treasurer hero reports o ily
$ 109,000 botds offered for redemptiou under
Mr. Folger's proposition to redeem iu antici-
pation of the date of call. The excoss in tha
treasury is now #150,075,059, which is $14,000,-
0C() above the legal reserve, and therefore stif-
J'cient for another call, if necessary to protect
the market. Up to ihis hour, it is said, $2,5'J0,-
00(1 were loaned 011 this collateral. .
The hour of settling passed safely. No ad-
ditional failures.
Considers the Trouble Over.
Washington, May Ifi. — P.ank-exam'ner
Scriba telegraphs froth Now York that he con-
siders the trouble over, as far as the associated
backs; are concerned.
Kxdleineiit at llrooklyn Calmed Down.
New 'V ork, May 10.—At the sub-treasury
large amounts of greenbacks and silver car-
tificates are being paid out to savings banks.
The excitement at several of the Brooklca
I auks has calmed down and nothing could
be caljud a run on any of the savlugs bauks to-
dtiy.
j he Atlantic State bank, of Brooklyn, was
epen to-day, but 110 business was transacted.
I be bank examiners got through last evening
anil fouud everything all light and tho capital
of the bank unimpaired.
Hawley Co.'b Condition.
Boston, May 10.—Tho office of Hawlay &
Co. was thronged iu the forenoon. Many
ladles were present. Tho assignee is in charge.
Uawk-y was at the stock board trying to ar-
range matters. The fact that the transfer
books of tho Atchison, Topeka and Sauta Fe
railw ny were reopened to-day makes his task"
Onerous, as the firm was dealing heavily in
Atchison securities, and therefore hav 1 many
transfers to make, it will be several days
• before the status of the firm can be learned.
Its resumption is impossible,
Sellgillnn's Order for Gold—What Russell Sage
Did.
New York, May 10.—At 2:45 this evening
all is quiet and orders were cabled by Selig-
II an for the shipment from Europe of a million
of francs in napoleons and probably a hundred
thousand pounds in double eagles to be ship-
ped from London.
Russell bago has just stated to J. Gould that
he settled more than three-quarters of his
t ufs, and will'continue settling, up as fast as
his force cau figure the accounts.
".p. m.—'Ihe speculative day ended peace-
fully and all evidences go to show that tha
]u ind of semi-panic is ovor, and monetary
alltiirs will gradually return to their aocus
ton ed condition.
Ilonncll, Lnwson A Simpson.
Nf.w York, May 10.—A representative of
the Associated Press has just visited Donnall,
Lawson & Simpson, and found a full forco of
clerks at work unraveling tho accounts. They
es| ect to make a statsinent this afternoon.
1 hey worked until 2 o'clock this morning, but
o\\ ing to ti e diversity of their interests, and
the fact cf their business being so widely dis-
tiibuted, they were not able tu make tha head-
way wished.
Action of the Clearing House—Oilier Matters.
New York, May 10.—The meeting of the
clearing-house loan commit.tee resulted iu a
c'eeisioi! to loan to the members of t'ue asso-
ciation all the money they require 0:1 par, on
pledge of government securities. This will, it
is thought, help to eaeo the prevailing strin-
gency in money.
G. IV. Ely, secretary of tho stock exchange,
in answer to an inquiry as to whether Presi-
dent Hutch had resigned, stated that 110 offi-
cial notice tothat effect had been given, but tho
governing committee would meet at 3:15, when
action was expected.
1. p. m.—A visit to the various banks on
Mall street {found matters progressing iu
the iirval routine manner.
The Bank of Commerce has not at any time
been iu the slightest trouble, aud the officers
indignantly deny such remarks. They are
nev 2_ behind in their clearances, and instead
of a deficiency had a substantial balance.
At the Metropolitan bank business was go-
ing on as before the suspension. Bank Ex-
aminer Scriba reported to tho comptroller of
ci:rjency that the institution was "doing
cicely." The rest of tho banks aro running as
usual, and affairs seem again to be settling
down to ante belluin conelitions.
Card liom Donnell, Lawson A Simpson.
New Yokk, May 10.—Donnell, Laws m &
Simpson handed this card to tlie Associated
Pi ess reporter: "To our creditors: It is with
gieat sorrow that we are compelled to report
(t;r suspension, which has been brought about
by a combination of circumstances over which
wo bad 1:0 control. ,We can only request thosa
having claims against us to extend such con-
sideration and indulgence as is possible, as
otherwise our assets may be sacrificed to the
pi ejudice of nil parties. As the best means of
realizing from our assets aud securing our
ci editot s, we have made assignments of all
tho assets of tho firm and individual
assets of each member of the
film, wherever situatad, to our
confidential clerk, R. H. Woems, who has
leen in our employ for twelve years and is as
v,ell acquainted with our business and char-
acter cf our assets as any member of the firm,
and under bis management, with the assist-
ance of every member of the firm, who pro-
pose to give bini every aid in executing his
11 u.st, we feel we are warranted iu saying by
this means that evory dollar that can possibl y
1 e realized will be secured. We shall he able
to pay all liabilities if our business is pru-
dently managed aud our assets not forced to
Lo sacrificed, and we hope you will concur in
and endorse the plan we propose.
Donnell, Lawson & Simpson.
The firm supplemented the abovo with an
oral statement that the assignment was 111 ida
in view of protecting everybody—both large
and small—and was only determined on when
f oitits in the West began attaching Sii i;
property. Each mail brings in remittances to
the iii 111 which aro being turned over to tha
tanks as fast us instructions to that, effect are
retch ed.
KKVct nt Snn Francisco.
an Fpancisco, _ May 16. —A considera-
te amount of money was sen'; Has,
to day. Ordinary exchange ou New York is
selling at 20 per ceu*". Telegraphic stock has
1 in 11 to 1 U' \; ^ per cent.
Some of lie banks stopped selling, and sev-
eral this morning called on their customers
put up fin tier colli I oral ou overdrafts.
The market was unaffected otherwise.
Rumors ci' Work S sp ■inleil.
Chicago, May 10.—A rumor came from
New Yotk to-li ght to the effect that tho
Bankers and Merchants Telegraph company
had stopped all construction 011 its line an 1 dis-
missed its gangs of men, as the result of the
failure of tho New York firm of A. W. Di-
mcek ii' Co., the senior partner of which is the
president of that company.
In answer to questions, Mr. R. Stewart,
superintendent ot the Western divisiuu of tiie
Bat I ers and Merchants Telegraph company,
said ibere was 110 truth in the rumor so far as
hL division was concerned and that the coai-
GALVESTON.
jiany lost 110 money by Dimook's failura. That
it had projected much construction and it
might be that the work would bo delayed in
some places, but he bad not heard of any such
result.
Seen 1 tile* Turned Over liy Full & Hutch.
New York, May 10.—Fisk Sc Hatch to-day
turned over fS,500,000 in securities left with
them for safe keeping and are prepared to ro-
turn all securities deposited "with tham for
lonns as soon at the latter are paid off. It
seems to' bo tho general impression in Wall
street circles that all danger of 11 continuance
of the disturbances of Ihe past few days are
over.
New York Sinking Fond fn.'art.
Newark, N. J., May 10.—Daniel DolJ,
president of tho Newark Savings institution,
was the treasurer Of tho New York city sink-
ing fund. An examination of the fund was
made this afteruoon, but it was found intact.
Attachments Leiled—Conlldence Restored.
Kansas City, May 16.—Attachments to the
amount cf $40,000 w^re levied to-day 011 real
istatc belonging to Donnell. Lawson "& Simp
ton, in this city. At all tho banks
there were comparatively few with-
drawals, while the number of
deposits were unusually large. A number of
country bankers were in the city to-day, and
after learning the situation, nearly, if not
quite all, decided lu let their deposits stand.
There has been no excitement during the day
nt any time.
■ The World on the Situation.
New York, May 16.—The World says: Pre-
cisely where the *5,OOO.OSO went which Jolm
C. E110 lost in Wall streot is a mystery that
pimlcs a great many. No information can be
obtained from D.vett & Co., tho firm through
which he operated, and the prevailing ouiaioa
Is that most of the money was swam pad in
the vain hope that the market would
tal e an upward turn and allow hitn to eseapo
nt least nearly whole. He began buyfu*
stocks such as Western Union, Union Pacific
and Ontario and Western from the top notch
of the market, but contrary to his expectation,
a decline set iu and the era of shrinkage which
bos time overwhelmed so many firms,
engulfed him with each day's decline.
It became u question whether l e should
sacrifice the heavy margins he had already
lost or keep on investing the bank's funds un-
til the rise came. The market went down and
down, and each day saw Etio hopelessly in-
volved, until it became a question of detection
and disgrace. No longer could it l»
kept a secret, and fearful that hi3
exhaustion of the Second National bank's
funds might lenk out young Eno made kuowa
bis treble losses to liis father. The old gentle- r
man saw that the only way to save his sou was
by making his embezzlement good, and ho
handed over to the bank 88,50(1,000 of his pri-
vate 1111 uej', meaning for the brokers and
others on Wall street to whistle for thd!r lost
margin, which in tha aggregate reaohai
$1,000,000.
DECLINE OF GOVERNMENT BONDS.
Confidence at the Treasury Department.
Washington, May 10.—Some astonishment
was manifested at the treasury department
over the decline in government securities, and
is only accounted for oh the theory that
bonds were being rapidly converted iuto
money to be used in more profitable invest-
ments.
Secretary Folger snid this afternoon that he
hod received no information from New York
on the subject, and was, consequently, unable
to explain the decline.
The fuctthet. ontv 6100,000 of called bonds
were oft'ereo for.reclemption in New York yes-
tei day is regarded as an indication that tho
people w ho hold tho bonds are not iu a groat
need of money at the present.
A conference was held at the treasury de-
partment this afternoon as to the best method
of relieving the financial pressure in Nesv
York.
In view of tho decline in 4 per cent, bonds it
was ] roposed that the secretary authorize the
purchase of these bonds in open market. It
w as viituolly decided to pursue this course in
case the decline continues.
THE NATIONAL CAPITAL.
Eiver and Harbor Bill Reported.
What Mr. Ochiltree Will Have lo Da — New
Treaty Willi Mexico—New Signal Sta-
tion nt Corpus Christl, Etc,
ispeciac to tltk nrws.1
Washington, May 10.—The deep- water coai-
miltee spent the day at the capital interview-
ing members. Captain Eads went over to
New York for a short stay and will return
here.
The river and harbor bill was reported to
the House this morning, and before Mr. Ochil-
trce bail a chance to request a meoting of tha
river and harbor committee, for the purpose
of eliminating the Galveston item from'the
bill, 'ihe committee informed Mr. Oohiltroa
he would have to movo in committee of the
w hole to strike out the item.
Sometime ago a bill was introduced in tha
House providing f ir legislation to perfect the
new Mexican treaty. The bill was referred ta
ihe ways and means committee. The bill is al-
lowed to sleep there. It is of vast importance
to Texas, and inquiries were made auioug our
delegation to ascertain it it was being kept in
mind. Mr. Hancock is trying to rescue it.
He interviewed Chairman Morrison, but did
cot discover tho enthusiasm hoped for. Citi-
zens of Texas might stir up the matter by a
shower of letters of inquiry. "
General Hazen, chief signal officer, says a
station for the display*of cautionary signals
will be established at Corpus Christi without
delay, orders to that effect having been issued
011 application of Mr. Ochiltree. He says that
from its geographical location it is not always
possible to warn Corpus Christi, but it will be
w arced whenever it, can be done.
Ihe petition of the Galvestou dealers in
china and glass has been filed with the proper
house committee, asking relief from tha pre-
sent duty ou importations.
The petition for extension of mail servijo to
three times a week from Galvestou to Shoal
Point has been filed in the postofiice depart-
ment.
Nathan Pattc-n, of Houston, is here again,
presumably to look alter Saylor's case, still
hanging fire.
* CLIMBED THE GOLDEN STAIRS.
a Tripplcflnitging at Greenville.
Greenville, S. C., May 1G.—Riley Ander-
sen and James and Fred McCulloch, lather
and son, all colored, were hanged here to-day
n ti e presence of thirty six witnesses allowed
by the state law, several clergymen, two de-
tachments of the Greenville Butler Guards
and representatives of the press. The hanging
took place iu the jail yard iu the
center of the town. All the morning the pri-
soners held religious service in tluir cells, an I
at neon were marched to the gallows. Hare
McCullough said that they were going straight
to the arms of Jesus. Riley Anderson s lid:
"I am to be hanged for the murder of Lou
Griffith, but I don't know anything about
why I am to be hanged, or what other people
swore to about me. I am ready to die, and
foigive nil." After some religious exercises
.1 lie nooses were adjusted, the drop fell aud the
men were soon dead.
A Matrimonial Muddle.
Berlin, May 10.—The Grand Duke Louis of
Hesse-Darmstadt informed Madame Koieman
of his intention to app'y for a divorce up in
ti e'grovrd ihatjtheir marriage was infornil.
Baron de Starck, premier gtanle of the eluchy
of Hesse, acrru 'ced his intention to resiju,
unless the grand duke keeps bis marriage con-
tract.
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The Galveston Daily News. (Galveston, Tex.), Vol. 43, No. 55, Ed. 1 Saturday, May 17, 1884, newspaper, May 17, 1884; Galveston, Texas. (https://texashistory.unt.edu/ark:/67531/metapth461348/m1/1/?q=%22%22~1: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Abilene Library Consortium.