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PEGGED AT S13.
OKArUOl'HONE XOUOUKS BOTTOM,
AND IS NOW ON THE UP GRADE.
licit KnllroiulSlinrply Advances Gnu Studs
Hlghor Klcctrlc Light Improves Tele
phone Wcnkctts to 70 Unfile Stocks In
The number 13 Is uaunlly considered a very
uulucky one. but the persistency with which
Grnphophono hns hung around It during the
past few weeks would lndlcnto that It had no
terrors for that mercurial security. It would
also Indicate that the "peg" had been placed at
that figure, below which It was not to bo allowed
to ko. After hanging around that price for
three weeks It was very natural to look for some
movement, and as the general trend had been
so persistently downward the natural reaction
was the thine most to bo expected.
It camo on Thursday nnd with a rush like a
small-sized cyclone took up everything laying
around at S13, and, gathering force as it swept
along, reached SH.60 at the close of the market
vesterday, having taken up 1.725 shares during
the week, with a strong bid of 14! at the close and
an apparent effort to hold it down to buy in
more by offering at 14$. The causes assigned are
various, but as the fact cxistB that a decided ad
vance In the stock did take place it might appear
that those who wore buying so freely were fully
informed as to whatever good things were in
store. And yet it might not bo Inopportune to
remind my readers that rapid changes in this
stock have occurred several times before and the
nnuoofl nssionml have alwnvs been favorable, so
that it may possibly be wise to take these state
ments cum grano salts, and with plenty of it.
Telephone, too, apparently touched bottom
this week at 70, as a slight reaction took place m
it on yesterday, and on small sales it showed up
a little stronger, advancing to 70j. with sales of
20 shares at that figure. The week opened with
a salo of 20 shares at 72, followed by 22 at 711,
and 12 at 701, and on the following day 30 at i0.
The market opened yesterday with one sale of
20 at 701, auickly followed by one of 12 at 701 and
in turn by one of 20 at 70J, with a closing bid of
70 and offerings at 71. At this price it pays a lit
tle better thau 4 per cent., and the prospect is
held forth of a return to the old dividend In the
course of a year or two.
The all-absorbing topic as to who will win in
the fight for the control of the "Belt" or, as its
charter calls It. the Capitol and North O-street
Hallway which has been going on for some
months, culminated on yesterday, when the
books closed for the transfer of stock, and the
opposing parties will now concentrate their en
ergies on the endeavor to hold their forces well
in hand until the day of election, which takes
place on the 10th instant. Both parties are
boldly claiming the advantage and insisting
that they have gained control, but until the votes
are counted it is dangerous to make calculations
as to the number of chickens ono will become
the possessor of before the process of incubation
Is entirely completed.
The light has stirred up matters considerably,
and the holders of shares have bad a glorious
opportunity to profit by it and realize hand
somely had they been so disposed.
Some of them have taken advantage and
parted with their stock, realizing what one
year ago would have seemed a fabulous price.
At that time the stock could be had at S40 per
share, and on the basis of sales this week it did
not need a very large quantity to very ma
terially strengtnen one's bank account. To
those who have failed to take advantage of the
present golden opportunity to convert their
stock into cash, Shakespeare's apt illustration
may apply when he said, "There is a tide in the
affairs of man, which taken at the Hood leads on
to fortune," and then again it may not apply.
Time will tell. , . ,
The sales noted were 20 shares ot7uand o0 at it,
with large private sales at the latter figure. At
this point the top was reached and a halt called
on any further advance.
For 10 Columbia Hallroad 75 was paid, and for
10 Eckington 85 waslrealized. though further of
ferings at this price were not availed or. George
town and Tenleytown was in good request, 22
shares bringing 501, and 60 in four lots llnding
ready salo at 50, with a closing bid of same price
for more. , ,
Gas stock showed some improvement, 33 shares
bringing 45, though later in the week 13 shares
would realize but 441. For 8 Georgetown Gas 53
was paid. Electric Light also showed improve
ment, 10 shares bringing 115. and 10 more on the
day following 110. For 32,000 of tho convertible
bonds 1101 was paid, and later $1,000 brought 117.
Bnnk stocks wero in good demand, with sales
of 11 Metropolitan at2o0. and 10 at 2001. For 13
Hopublic 2G0 was considered a fair price, and an
offering of 5 Capital readily secured 119. Co
lumbia is always sure to find purchasers when
offered low, and 45 shares readily brought 1621,
with a Bale later of 10 at 183, and no further offer
lugs at these llgures.
American Security, which has recently shown
some weakness, took on qulto a spurt yesterday,
and 150 shares wore eagerly taken at prices rang
ing from 41)1 to 501, with an offer to take an ap
parently unlimited quantity at about same
prices. Ono sale of 20 shares at 4l, earlier in the
week, was also noted.
The Washington Loan and Trust, for the ilrst
time in many weeks, was without interest, no
transactions being of record.
Insurance stocks wero dull, the only sales
being of 50 Firemen's, at 40 J, and 140 People's, at
51, though tho bids on all of them show a willing
ness to buy at what Is considered a fair price.
A salo of unusual interest and oue that is but
seldom noted was flvo shares National Safe De
posit stock at 250. Until January of last year
this stock had nover appeared on tho Exchange,
though a dally bid was regularly made for it,
but evidently tho owners know they had a good
thing, and, having a good thing, determined to
hold on to it. Tho first salo over known was
mado at $300, and whllo tho present llgures show
a loss of 350 per share It is not believed that any
largo amount couiu uo nau at tins apparently
high figure, the opinion of a largo holder being
that with tho trust powers desired granted it
would be worth twice this sum.
For soven shares Great Falls Ico stock 215 was
paid, tho highest price yet noted.
Sales of 2,500 Washington and Georgetown con
vertible bonds at 100 and 31.000 at 200, with 1,700
Light Infantry 2d's at 102, represented tho ouly
sales of bonds except tho Eloctrlo Light, hereto
fore stated. Taken altogether, tho week has
been a good ono, and tho prospects are favorable
for a good business during tho entire month.
Notes uml Comments.
May Day was celebrated by tho brokers In a
somewhat unusual though decidedly pleasant
manner. Mr. William B. Gurloy, the general
secietary of tho board, having previously an
nounced that tin that day ho would form a co
partnership with Mr. Fred. O. Stovens for tho
better carrying on of his growing business
tho members of tho Exchange, after tho daily
meeting, proceeded in a body to their oillco to
pay their respects and to extend their congrat
ulations and good wishes lor tho success aud
prosperity of tho now llrm. Arriving there
they wero ushered into an adjoining room,
where tho now llrm, assisted by Mr. Hebner, tho
caterer, wero soon busily employed In dispensing
their hospitality in tho form of salads, patties,
ices, and tho usual et cetcras, together with
various kinds of liquid additions, of which
Mumm's Extra Dry was a conspicuous featuie.
Jt Is perhaps unnecessary to add that tho fullest
justlco was done, and that many and hearty
wero tho congratulations offered by all tho mem
bers or tho Exchange, with whom Mr. Gurloy
etauds deservedly high. Mr. Stoveus has but
recently beoomo u citizen of tho DtBtrlct.and has
iit onco identified himself with local interests, and
UNCLE SAM TO THE DISTRICT" That's right, son; run right along with the elephant
and it's all ho can do to take care of tho monkey and parrot."
There is a general impression that the Government bears tho bulk of the expenses of the District.
Is the latest addition to tho membership of tho
Exchange. From 1 to 3 o'clock Messrs. Gurloy
and Stevens held a reception, to which all their
numerous friends had been invited, and tho
largo gathering and many expressions ot good
will bespoke a prosperous future for tho now
Tho writer of tho financial articles in tho
sprightly Critic in tho issue of Friday stated
that "for 10 shares of Electric stock 1151 was
paid. After the adjournment of tho board 10
shores sold privately for 117 and 10 later at 1171."
Further on In tho same articlo, referring to
Graphophone, ho 6aid: "The value of tho Ex
change as a place tor bargains was clearly illus
trated yesterday. Buyers who had vainly es
sayqd to obtain stock at 314 privately found later
that their orders had been filled on the Exchange
all tho way up from 121 to 131, between which
prices 330 shares camo out." Comment of any kind
would seem to bo unnecessary, as theso two
items alone would appear suillcient to show that
purchasers of local stocks and bonds could save
money by dealing directly with tho members of
tho Exchange, preferably to buying on tho out
side from private parties or "curbstone brokers."
whoso holdings aro always considered more val
uable than marketable llgures. "A word to tho
wise, etc." Frank II. Pki.ou.e, 1313 V street.
There is evidently no paper manufacturing
department in the largo establishment which
Mr. Wanamaker owns in Philadelphia. If there
is tho Postmaster General has not studied it
closely, for until recently ho was a very poor
judge of paper, as a litllo incident will show:
Several bids had been received for tho supply of
paper to make postal cards for the Govern
ment. The Postmaster General had two sam
ples before him and was trying them for tho
purpose of deciding between them. One sam-
Elo had been furnished by Russell and tho other
y Armstrong, I think the namo was. Mr.
Armstrong was present in the Postmaster Gen
eral's olllce. In order to test the quality Mr.
Wanamaker wroto ilrst on ono saniplo and then
on tho other.
"Tho Russell samplo seems to be tho better
of the two," said tho Postmaster General. "It
certainly stands tho writing much better."
"But you will please notice," said Mr. Arm
strong, "that whllo you havo written ou tho
right side of Mr. Russell's samplo you have
written on tho wrong sido of mine."
"Right 6idel Wrong side!" repeated Mr.
Wanamaker, looking up in surprise. "Do you
mean to tell mo that there is a right sido and a
wrong 6ido to paper?"
"Why, certainly," said Mr. Armstrong.
"Just turn over and see tho difference."
And Mr. Wanamaker turned over and wroto
on tho other sido of each sample.
"Ah ! that is better," he 6aid, as he wrote on
tho right sido of Mr. Armstrong's sample. Aud
"Ah 1 that is not so good," as ho wroto on tho
wrong side of tho other.
Mr. Wanamaker had eaten some moro fruit
from tho treo of knowledge, and had got a now
lesson in the art of distinguishing between tho
right and tho wrong,
On tho first Monday in December tho Repub
licaus organized tho House of Representatives
with a majority of eight, tho membership con
sisting of 109 Republicans and 101 Democrats.
Sinco then tho labors of tho Committee on Elec
tions have increased tho Republican majority to
17, tho figures being; Republicans, 172; Demo
crats, 155; Independent, (Featherstoue,)l. Tho
places held by Wilber (Rep.) and Randall,
(Dem.,) who died, aro still vacant, but theso
SHARING THE EXPENSE.
two elections arc not likely to make any change
in the political complexion of this House.
Of the seventeen election contests eight
have already been docided. Clarke, of Ala
bama; Buchanan, of Virginia, and Parrett, of
Indiana, havo been allowed by unanimous con
sent to retain tho seats to which they wero
elected. Smith and Atkinson, of. West Vir
ginia; Mudd, of Maryland, and Waddill, of
Virginia, (Reps.,) and Featherstone, of Arkan
sas, (Ind.,) havo taken tho places of five Demo
crats. Tho committee has reported to the
House in favor of McDuille, of Alabama, who
wants to get Turpin's seat, and the House will
doubtless adopt the committee's report.
Turpin aud the other eight Democrats
will undoubtedly bo removed to make
way for Republicans as soon as tho majority
of tho House feels tho need of increasing its
numbers. But seventeen is a pretty good work
lug majority. If Speaker Reed had had it at the
beginning of the session he would hardly have
laid down tho doctrine of tho visible quorum.
It Is a noteworthy fact that tho whole seven
teen contests wero raised against Democrats.
No Democrat contested a seat to which a Re
publican was elected. Election contests aro
expensive to the people. Besides paying tho
coutesteo a Congressman's full salary for tho
timo ho serves that Is to say, from tho Fourth
of March till tho dato of his removal and
besides paying tho successful contestant a Con
gressman's full salary for tho full Congressional
term, Uncle Sam is called upon to pay tho
legal expenses of the contest, which may
amount to as much as $2,000 on each side of
each contest. And as It sometimes happens
that tho matter is not finally disposed of until
near tho close of the Congressional term, an
election contest may cost tho Treasury $14,000.
There is hardly ono that doesn'tcost over half
of that amount.
Tho sidewalk pavement on Pennsylvania ave
nue in front of tho Whito House grounds is In
a most dilapidated and disgraceful conditiou.
There Is not a square yard of Jt that Jsu't
broken up. Some parts of it aro sunk several
fathoms more or less below tho level of othor
parts, and tho result is that when it rains tho
sidewalk becomes a series of pools, which give
tho navigator much trouble and discomfort. I
don't know a sidewalk anywhere in worse con
dition. The average country road, even in win
tor, affords a better footing. Unless something
is dona tho President of the United States, or
perhaps Baby McKeo himself, may fall into ono
of those pools some day, and then ho will bo
George Washington Chllds is a good man a
very good man. There aro very few like him,
and it is to bo feared there never will bo many
like him. Tho fear has been expressed that
alter making hlni Nature broko tho mold. Ilo
is a friend of all mankind, but he is especially
good to tho unfortunate members of his
own guild tho newspaper fraternity who are,
perhaps, moro iu need of such goodness and
more deserviug of it than any other class of
people. Amos J. Cumralngs met Mr. Childs at
a clam-bako once, and, falling into conversa
tion, Mr. Chllds mado Mr. Cummings promise
that if over ho should meet with a meritorious
newspaper worker who was iu need of a few
dollars ho (Mr, Chllds) should ba furnished
with tho namo aud address of the needy aud
deserving ono. In tho course of timo tho meri
torious person turned up, aud Cummiugs sent
his namo and address, with a brief statement of
the case, to Mr. George Washington Chllds, of
Your poor old uncle isn't feeling very well,
This is tho way it is usually done.
the Philadelphia Ledger, and Mr. Childs's check
for 100 was soon on its way to where it was so
much needed. Mr. Cummings has requested
mo to let it bo known that ho has a standing ar
rangement of this kind with Mr. Childs, so that
if there are any meritorious newspaper men in
this town who aro iu immediate need of a few
dollars they have only to put themselves in
communication with him.
It does not yet appear to bo quite decided
who was most to blame for that interview with
Grover Cleveland which was printed in the
New York lTorW, and in which Mr. Cleveland
was represented as applying unparliamentary
language to Mr. Dana. There are several
questions involved, but tho ono which strikes
me as tho most relevant is, "Was Mr. Clove
laud's language accurately reported in that
column of matter, the whole of which was
attributed to him?" ThoRorWitself says,"No,"
and it would liave been safe to say, "No," even
without that authoritative assurance. It is ad
mitted that tho report of the interview was
written from memory. It is impossihlo for
such a report, extending to such length, to bo
absolutely accurate, and what is not absolutely
accurate is not accurato at all. To say that tho
reporter was ono who would not misreport
auybody is all bosh. Not being a
shorthand writer, ho could not help
misreporting the interview when ho hail
only his own memory to depend
upon for a whole column of Mr. Cleveland's
words. Who can remember two thousand
words of any conversation aud repeat it word
for word without making any mistake ? No
body. To assert that a report is substantially
accurato is to confess that it is not accurato at
all. And hero let mo say that there is not a
third-rato newspaper in England that would
havo regurded any but an expert shorthand
writer as competent to iuterviow a man Hko
Mr. Cleveland on such an occasion and take
such a statement as Mr. Cloveland was ex
pected to make. Therein we see a radical dif
ference between tho method of newspaper re
porting iu two countries. Taking it for ail in
all, tho American newspaper is vastly ahead of
tho journalism of any other country, but thero
aro individual features in the English system
which aro preferable,
That distinguished humorist, Col. J. Armoy
Knox, of Texas Sitings, mado a descent upon
Washington qulto recently. He spent an entiro
week in trying to catch a train for Now York.
Some say that ho actually hoarded tho train
several times and got off again. However, it is
pretty certain that ho ultimately caught tho
train aud reached New York, because a friend
of mine has since received by mail a package
bearlug the Now York stamp, and containing a
copy of tho volume of stories which Knox pub
lished a couple of years ago, entitled "A Devil
of a Trip," aud on tho titlo-pago thero is a
manuscript inscription iu tho Colonel's own
mauly handwriting, "Iu Memory of a Devil of
a Night." Tho distinguished humorist found
fun even in Washington. Aud "all's woll that
ends well." David Lkwsi.i:y.
Ono of tho finest and best brands of beer
manufactured is tho Tannhauser, which is bot
tled and sold by Mr. Hcrniau Benzler, U33 D
street. Family orders aro mado a specialty. Or
ders by postal or telephone 314-2 will recclvo
-Snyder & Wood, Tailors, 423 11th street N. W.
PAGES 9 TO 16
POLICEMEN PEEL UNEASY.
MEY AKE NOW MAKU3 TO REMOVAL
A State of Affairs Which is Apt to Itlnko
Thorn Moro Careful About Arrest lug Of
fenders Who Hiito Politlcnl "PuIIh"
What Citizens Sny on tho Subject.
Tho members of the police forco have been
made very uneasy by the recent decision of the
District Supremo Court that officers may,
under the law, be removed by tho District
Commissioners without trial or tho proferment
of charges against them. Officers aro reluctant
to talk on the subject, but all of those whom a
Sunday HntiAT.n reporter endeavored to ob
tain an expression of opinion from said enough
to show that they felt less secure In their posi
tions than before tho decision was mado.
"The present Commissioners aro good, square
men," said one officer, "aud I dou't think they
would do any one an iujusttce. But neverthe
less, the effect of tho decision will be that
officers wlllj hereafter hesitate to arrest men
who are known to have a pull, and who can
bring political influence to bear on the Com
missioners. That's human nature. If an
officer knows that he cau't bo removed except
after a trial, in which ho will havo a chance to
defend himself, ho feels more independent
more like a man, and discharges his duties no
matter who may be.affcctcd."
This officer expressed tho feeling of the
other members of the force who wero seon, as
far as could be gathered. Thero could bo no
mistake about the fact that the decision had
caused uneasiness among tho policemen.
A number of leading citizons were seen on
tho subject and their viows are given briefly
"In regard to the decision of tho District Su
preme Court," said Mr. Lawrence Gardner,
"which seems to give tho Commissioners the au
thority to dismiss members of the police force at
will, with or without charges, I think it a most
excellent aud wise ruling. Heretofore an officer
could not be discharged without a special trial,
and no doubt many men unworthy and lacking
iu ability were able to maintain their positions
on the forco on account of this arrangement.
But these, perhaps, will he removed .by the Com
missioners now, and only men of recognized
merit and proficiency will be employed. Will
not politics lead to the discharge of some of
these wortny ones? jno, i hardly think it will;
neither will personal feeling exercise any iuilu
ence over the Commissioners, as they "are all
liouest aud just men, and I hardly think the de
serviug men on the police force need entertain
any anxiety on this point."
Said Hon. Simon Wolf when asked his opinion
on tho subject: "What can a private citizen say
when the Supreme Court renders a decision ono
way or the other? If it does not coincide with
his views, if in his judgment it appears wrong,
can he cry out against it; can he remonstrate ?
No, certainly not. In my opinion no officer
should be discharged the service unless charges
are preferred agaiust him aud provcu. A judi
cial trial is tho right of all and tho essence of our
"I consider it a very unfair and unwise deci
sion," said Attorney Campbell Carrington, "as
it places the tenure of the policemen in so pre
carious a condition. At present our Commis
sioners are good aud honest men, but it is possi
ble for tricky and unscrupulous politicians to be
appointed as Commissioners, who would not
hesitate to avail themselves of tho looseness of
this new regulation. However, tho policemen
can ask that a now law in regard to tho matter
be passed that will afford them protection. No
doubt this will be done."
"You may stato from me," said Mr. Cole, tho
attorney in ex-Lieut. Ecklofl's case, "that the
decision was a surprise to the bar in general.
Judge Cox Ilrst decided tho Commissioners could
not bo allowed to discharge a man without
charges, but tho caso was afterward carried to
the General Term, which reversed this decision.
From thenco tho caso was carried to tho District
Supremo Court, with tho known result."
Maj. Moore said: "Of course, whatever may
bo tho decision of tho Supremo Court in regard
to police matters, wo must abide by it. 1 do
not think that any 111 use of tho authority uow
given the Commissioners will bo made. I think
that tho decision is wise and fair; still tho old
regulation by which It was necessary to givo an
officer a trial before discharging him was very
satisfactory, and our force was in as good a con
dition, as far as morality and ability go, as it
will bo under tho now. i feel certain tho men
will in all cases bo dealt with fairly and will
not bo subjects to political inlluences."
Said Commissioner Iline: "I hardly think
tho officers need bo worried in regard to our ac
tions toward them nor fear that thoy will bo
discharged without cause. Politics will havo
nothing to do with their positions, and nothing
but their own ability and worth will bo recog
nized. No doubt when charges aro brought
against an officer a trial will be allowed him as
of old, at which theso charges will havo to bo
"Soveral years ago," said Mr. William A,
Cook, "I had a caso hoforo this samo court
in which tho question of the power
of the District Commissioners to dlschargo
members of tho fire department without
charges was involved. Tho court decided
against the Commissioners, holding that a trial
was necessary at which charges wero preferred
and proven before a man could bo dismissed.
Tho principle involved in this caso was the same
as that which resulted in tho decision giving
tho Commissioners authority to discharge police
men without trial. This decision may or may
not bo right, hut, in my personal oplnlou, it is
extremely unfair to the competent men who
compose our police force."
Tho Jliilm of liil'c.
As the vernal season approaches it is wise to.
put one's self iu a healthy conditiou, and thus
secure protection agaiust disease, which so
often obtiudes itself in the spring of tho year,
aud which may ho prevented through purity of
blood. This may bo obtained by a free U60 of
Professor Cook's great medical preparation.
As "au ounce ot prevention is better than a
pound of cure," wo would advise all our readers
to resort to tho Balm of Life, which, besides -offeeting
wonderful cures, also wards off dis
ease and preserves the health most wonder
fully. It is a great remedy.
As a euro and proventlvo for spring l'ovor
drink It. Portlier Browing Co.'s beer.
-Suyder & AVood, Tailors, 423 11th street N. W,