Newspaper Page Text
NEW-YORK, srXPAY DECEMBER ?*- l8Ba-TW_-NTMWR PAGES.
PRICE FIVE CENTS.
WARRING AGAINST SOCIETY.
ANARCHISTS BUSY IN EUROPE.
MURDEROUS A'TIV-TIKS IN FRANCE.
BRASH, ENGLAND AND IRELAND.
iflTATIOn FOB Tl"'- MEUXM OE F.VICTF.I)
Ii:.n\nts in ir.KLAvn-TiiK fmtions and
THF. GO*. T.HNMI'.NT -T.MrLOYF.nS' LIA
MELEES IS THK LORI'S- -MINIS
TKHIAL CRISIS IN I.UNC1
AND JTALY-A CLAIM
AGAIN-T A DI NIL
,BT CAS?BTB TUB TKIBI'XS.)
r.?vr,-t,.. ]?!? I Hi l-l rrifjtm" ???o-faf'-n.
London. Dec. 2- Thc roil spectre ls abroad In
Europe. Wa recently witnessed some of its
work in Barcelona. Bine* then the arrests and
discoveries In Spain and Marseilles, the renewed
activity of the Anarch!at faction In London, and
their kindred type In Dublin, _h*8 a _U"t~-"~__lg
outlook to the coming winti>r. It is by no means
certain that the inffftial machines sent from
Orleans to Emperor William and Count von
faprlvi were more than a hoax. If they were
seriously Intended to d. mist hief. the villain
who dispatched them was s bungler. He used
common gunpowder, and his machine* was so
badly pul together that possibly lt would not
have discharged itself under the most favorable
Circumstances. Emperor William does not think
rery seriously of the matter and the Paris pres*,
declare lt was a put-up job by the German po?
lice or spl*rs, or the work of some mad English?
The evnts at Marseilles nnd In Spain are of
a different category, as is shown by this
week's arri sta; and yet lt is no*, easy to
set what the Anarchist group desire
to accomplish. The mere pleasure of mak
"_g war upon society and blowing society to
pieces beean**- lt wears a black coat and pos?
sesses a ten-dollar pi"ce, ls sn utterly insane
that only homicidal maniacs can approve such
a programme. There is no money to be made
in this work. It does not support the propa?
ganda of a political party. There is less sanity
In the movement than in the cauaa of the Nihil?
ist. None but cranks would care to enroll them?
selves among the Anarchists; but cranks, alas,
are an Increasing number, and so are the An
archlsts. Though cowed in Germany, and many
of them expelled from Switzerland, they have
developed among the Latin races of Spain and
France. The arrests at Valladolld promise to
bring about the uprooting of the society In,
In London these gentlemen have been serious?
ly disturbed by the chang.-d attitude of Mr.
Asquith. A fortnight agu the Home Secretary
defiantly justified the letting off of what he de?
scribed as superfluous steam in Trafalgar
Square. For this conduct he has he*>n asY,raly
heckled In the House of Commons and the news?
papers last Saturday. He deemed lt advisable
to refuse permission to another gathering of
Anarchist"!, called the Commonweal Society, at
that interesting battleground, because the so?
ciety encouraged the massacre of Innocent per?
sons. It is a pity thai this discovery waa not
made sooner. "The Commonweal" newspaper
bas, of course, denount^o^Bm, and som-* of the
Anarchist members uttered veiled threats of vio?
Ii ls not, however, deemed probable that these
sentry will do much harm in London. They
are all well known, and could be easily arrested.
The right of asylum is to them a matter of vital
value. Any grave indiscretion on their part
would most likely lead to their being handel
over to those Continental Governments from
whose vengeance the bulk of them have al?
ready fled. According to a statement made in
Parliament, lt Seems not unlike'y that "The
Ciwn mon weal" will be prosecute;* and sup?
pressed, like the notorious "FreihelL"
The outburst of violeno- in Dublin has a
graver aspect than the frothy utterances of
Anarchists In London. The shooting of iteed
ls deemed by the Castle authorities to confirm
the news which had already reached the heads
Of the police, that even under Mr. Morley's
rule a secret society has for some time j>ast
been flourishing in Dublin. In that city there
is always a body of desperadoes willing aid
ready to commit acts of extreme Vlolenc ? under
the guise ,,f political zeal. Police attention has
been directed for some time to a group sus?
pected of the two dynamite outrages at the
Caetle, and Reed, the murdered man, with
Sheridan, the prisoner, were virtually under
aarvelllance as belonging to that particular
It la not forgotten that Reed and his brother
were witnesses In favor of the celebrated In?
visibles, and endeavored to establish an alibi
In favor of one prisoner, who was hanged. Of
Sheridan the police know much more than thi-y
sill publish. In fact, the case ls likely ones
more to establish the truth of the saying that
avery Irish conspiracy has nari Its Informer.
There ls n*> reason for supposing that the
hands of the men, who have thus been a sonne
of anxiety to the Dublin police for twelve
months past, and upon whose actions public
light has just been thrown, are engaged In more
aerious wuk than the destruction of property.
It ls such an easy thing to discharge a squib
of dynamite and provoke an alarm, but lt is
a different task lo establish a band of assassins
like the Invincibles. for the purpose of wiping
out unpopular public men.
It ls not fair to regard these outrage-mongers
as allies of the Irish Parliamentary party, but
the latter will with difficulty be acquitted of
responsibility for violence in other directions,
ahould any arise during the dark days <.f the
winter. Mr. Davitt, for Instance, has this week
declared that the farmers must be up and doing
unless another larg'.- slice is taken off the Irish
rents. With equal suggestiveness Mr. Dillon
lays that the very selfsame means by which the
people won in the past may be required In fu?
ture. "Honest John"' also proposes that the
young men should organize and go around
among the'tenant farmers, who have done little
toward maintaining the evicted tenants, and
brine.them to reason ; adding significantly that
If the organizations are proper y worked, few
alli refuse to subscribe, lt Is worthy of note
that since this speech was uttered Mr. Glad
atone has informed the Lord Mayor of Cork
that he is in communication with Mr. Morley
reapectlng the framing of an evicted tenants
ieln3tatement bill, on lines suggested by the
Mathews Commission. All this recalls the
"chapel bell" and thc effect of the Clerkenwell
explosion on Mr. Gladstone's Impressionable
mind. Even the London Anarchists of this week
made a point of the last-named incident as Jus?
tifying active tactics in order to move our rulers.
In contrast with these graver aspects of the
lilah situation, it ls amusing *to witness the
petty rivalries which continue in activity among
the Parliamentary leaders. At the so-called
Conciliation Meeting this week we had Mr. Titn
oihy Healy Renouncing in the usual bitter
fashion the tactics of Messrs. Dillon and
O'Brien. He accva.es Mr. O'Brien of putting
Mr. Dillon forward to oust Mr. McCarthy from
tha leadership, and he hurled grave Insinuations
"?P-etlng "Honest John" and the party funds.
Bte -UsUnond'a latast contribution to tbs bud
Bot ot irish animosiUes baa boen a statement
that the leaders of both the Irir.;- fictions,
notably Mr. Timothy Healy, have indicated a
willingness to accept Parnelllte aid to crush their
rival. While the Irish leaders continue very
much at loggerheads among thanselves, they
all seem agreed in their discontent toward the
Government. Mr. Gladstone has possibly mol?
lified them by his nebulous promise-if his
words amount to 8? much-respecting the
evicted tenants bill of next year, but Mr. As?
quith, for his hauteur In answering the Irish
members, and Mr. Morley, for moving the ma?
chinery of law, are becoming distinctly un?
popular. In fact, the Irish Nationalist members
and press assert that Mr. Morley ls as much
the landlords' partisan as his predecessor.
This criticism and the secret societies will most
possibly stiffen Mr. Morleys back.
The Oovernment proceed slowly in their Par?
liamentary business. The Parish Councils Lill
is waterlogged and makes little progr.'ss. only
ten of the seventy odd douses embracing the bill
are yet passed, and the measure is a very solid
one. full of fresh developments in the details of
municipal government, n.ir can it !..? said that
the Ministry has been thwarted by systematic
tactics of the Opposition, as was witnessed In
the Home Rule bill. Mr. Gladstone, believing
his own supporters the moat persistent speakers.
is treating them as a schoolmaster deals with
lazy scholars. He threatens to k~.'|i them in !?>
their task unless they apply themselves mora
energetically to voting. He has Intimated that
all the Saturdays?that being the only holiday
left to the members may possibly be required
during the remainder of the month, and there
are other encroachments on members' time
available which he will appropriate. It appears
almost certain that we shall witnesr. the Com?
mons sitting In January to complete th" session
which wsis begun twelve months ago.
Even when the Parish Councils bill has
passetl the lower house the Lords will have to
deal with it and they are sure to Introduce
changes. Their amendments to the Employers'
Liability bili will come on next week. The
principal Item will be the reintroduction cf Mr.
McLaren's contracting out clause. Deputa?
tions representing 100,000 skilled workmen In?
terested In that proposal this week waited upon
Lord Salisbury, In Devonshire and Argyll. It
ls believed that the Commons will agree L> this
amendment, provided the Lords do not meddle
with that part of the bill which abolishes the
doctrine of common employment. Possibly the
contracting out clause will only be operative
for a limited period, in order to ascertain bo?
ll works and compares with the provisions of
the Government bill.
There has been a remarkable breakdown
among the engines of government en the
Continent. The last month has witness.--1 ;i
Ministerial crisis In Servla. In Spain. In Aus?
tria, in Greece, in Italy, in France ; and the
commercial treaties question surrounds Chan?
cellor von Caprlvl with many anxieties. The
crisis In Paris is one of the most remarkable
of the thirty which France has witnessed since
the downfall of the Empire. M. Dupuy's ma?
jority promised ten day-* ago to number three
hundred votes, but owing to the cunning of two
or three colleagues, who disapproved of his mod?
erate policy, M. Dupuy w.is suddenly thrown
from office. M. Pevtral. M. Vtettc and M. Ter
rail suspected that M. Dupuy Intended to shed
them directiv the Socialist Interpellation aroa
disposed of. They consequently avenged them?
selves ard the advanced seeti.n to which they
belong by resigning und-r drnmstances which
caused a sudden collapse of the whole Cabinet.
The new Prime Minister will have to count
upon very hirer Radical and Socialist opposi?
tion, but he is a capable man, one of the most
honest to he found in France, and commands
the confidence of middle class opinion.
The Italian crisis ls much more serious nnd
discreditable In its circumstances than the
French. It ls not merely the result of the In?
evitable conflict of the outs against the Ins. or
of personal rivalries or political Jealousies, but
the outcome of a report on bank scandals, which
compromises the honesty of public men. Nor
has lt been easy to find any substiMite for Si-.ii"r
Gioiitti, who was not under similar suspicions.
Kven Signor Crisp! is involved In the scandal.
It is not that public men have been personally
corrupt, but that they have tolerated the bank
funds being used for press and electoral pur?
poses, and winked at the corruption of oilier
These events occurring at n moment when
Italian finance is in a desperate condition, the
country threatens to drift toward absolute hope?
lessness. Though a man Of experience like Sig?
nor ZanardeUI ls attempting to form a new
Ministry, yet the Radical party jires.-nt him so
drastic a programme for reforming the Consti?
tution and for increasing the power <>f the
Chamber that he will be a marvellous pilot if
he gets his Cabinet together and steers the r.i.ij,
Into smooth waters.
The economical difficulties before the new Gov
eminent ar" so grave that th belief prevails
in some European bourses that italy cannot
possibly recover herself without making some
sort of compromise with her creditors in order
to afford thc country some financial relief. It
ls understood, according to the current story,
that the other two members of the Triple Al?
liance are willing to ,-illow Italy to reduc- ber
forces by two army corp.*, on condition that she
retains the remainder at an efficient strength
and adds to her navy. The action of Greece
may give encouragement t" some Italian poli?
ticians to whitewash themselves at the expense
of their creditors, which, however, ls not the
course King Humbert will readily assent to.
What might have been a very interesting
law suit was Just settled by an arrangement
almost before lt began One Seaton, a promoter
nnd manager of seveinl short-lived clubs, sued
George Abington Halrd's executors for CK.-M,
alleged to be owing to him by Mr. Baird when
he died in New-Orleans. Many leading counsel
were engaged on both sides. Mrs. Langtry was
in the precincts of the court to bc* called as a
witness and everybody was eager to hear what
she might say respecting her relations to Seaton
and '"Squire" Abington. Her cross-examina?
tion would have helped to dispel the gloom of
a London December, but public curiosity has
been baulked by a private settlement.
__AVE.OI.Ai.GES AGAINST II II. WAUNLR
ACCl'SKD IX THE W IPO HT OF" HIS _0_T-0- OOM
FATE OK MISSTATING ACCOCXTS AND
CAUSING A SHORTAGE OP EAMBABO.
London. Dec. 2-In 18W H. H. Warner, proprietor
of "Warner's Safe Cure" and other proprietary
medicines, started a company here, capitalizing lt
at a large sum. To-day the report of the directors
for the year ended In July last was submitted to
the shareholders. The report states that the ac?
counts for 1892 are Inaccurate and that Mr. Warner
purposely misstated them In order to iwell the
apparent profits of the company. The report fur?
ther charges that Mr. Warner appropriated lo hts
own use funds of the American corporation at
Rochester and that when this fact was discovered
he said he was under the belief that on an ad?
justment of outstanding accounts the company
would be found to be indebted to him
The English b-_rd compelled Mr. Warner to
?rive security for the repayment of the money due
"he company, and altered the constitution of the
Rochester concern to aa to 8-Otreat frnher lr.
regularities. Mr. Warner resisted the changes
U is now found, the report silages, that he had not
merely hoodwinked the American ooard. but had
__ _HK .h_ aaalatanca of certain of tha
mn purposes tha money thus secured. The re?
tort further r-nys that be c-trmtnltted other Irregu
arltiex In order that as chl*>f hoi,br of the
-rdlnary .stork, h.- might ."...-ur.- larger dividends.
Ile- falsified the accounts s*nt over to th.* London
lui ll*, .ru and laaued millions ot pamphlets for tie
purposs of dlaposlai of his own shir.-, charging
he c.r-t of these pamphlet* te the compamr. Tha
it_.en.ents contained in ihe pamph'.cr.-, i-..
true nn.l wen- calculated t" -?mage th.* American
ini.-t.-sir-, ii.- groaaiy neglected the business
Continuing, th.> report sayi thai the company
ins sufficient money io pay dividends ,.n the pre?
ferred sa4 ordinary shares, hut tin- directors recom*
mend that the dividends be not paid until the
?ressing American claims shall hav- been liquidated.
Pbe shortage paused by Warner's mlarcpreaenta
Uona which if present the company ls unable to
"barge against his personal account, smountt to
-St?8. In order to meet the American dalma tha
llrectora arlll issn.- f_o.t_0 second debentures
"Tha Westminster Qitsette," brierly referring to
ihe matter, says that the "rigging" of the shan-.*
if the company caused the premature death of Ihe
lob!., r, William Morris.
ALL TIIF. PBESIOING OfTtCEBS ILL
nil". I.dWLH BOUSE OF THE -KICIIBRATII ex SID
liLCllsl". OP INI'LI I A/. *,.
Vienna, Dee. 1 -Seven members of the Lower
?louse of the Relchsralh are ill of Influenza Ailinn);
hem sra Presldenl ron Chlumechy snd ihe vice
.resldents, Haren Abrahamovlea sod i >r. Kathreln.
Cfhlumecky and Abrshamovtcs were unable to
ittend yesterday's Bitting, and Kathreln presided
Kathreln waa confined to hla bed to-day, and lhere
ssa no Bitting, owing to th.- lack of presldlns
PREXCH DEPtTIE- HAYE a QUARREL.
Paris, Dee, 1 The Chsmher ratified to-day tbs
?lections of mm. Blschoffsbelm, Alype snd -";i-ni.i
mci. Daring the discussion preceding the ratlfl
?ntl..ti Casablanca anawere*] [Wuitj Arene's quea
lons rather tartly A personal dispute followed,
ml eventually Arena called Caaablsnca a liar.
'aasbtanca is expected to challenge A rene.
1 BOLD HIGHWAY ROBBERY IX CHU IGO.
tWO riri'LY Tilt"'.- ROD MRS. WILLIAM ARMOUR
? r HER V vi tvll.i - AXTJ I HES I SI ipi;
Chicago, Mee. 2 (Special) Ta i areeha ago
thlerea broke int.. the h..me of Mrs William
Arne.ur. .-n Pralrie-ave., snd carried off a
'onalderable quantity of valuables. Buccoss ap
larently emboldened the thuga, for Mrs, Armour
s now the victim "f a still more daring rob
Mrrjr. Kot until to-day baa the atory been pub
Ished, as the poHce have been quietly prose
ruting ii search for the robbers.
Wednesday evening Mrs. Arm..ur called upon
tier sister. Mrs, winiam Bentley Walker, of No.
!."i'T Pralrie-ave. The ta i houses me nnlj five
loora apart n did not aeem possible thal sny
irouble could be encountered In passing from
inc to the other.
lt was al...ut 10 o'clock When Mrs. Arin..i.r
<t;irie.I for home, she har] traversed about half
he short distance when two men suddenly w?n
'ronted her and demanded her valuables They
vere thugs of s buri* pattern, partial!) dis
-ul.-.-.l with long overcoats snd .ups pulled well
town o\.-r theil faces, The tuen made savage
h res ts aa to what they would do In case sny
mtcry uns made, and th*- helpless woman was
?ompelled to part with h.-r purse, .liam..cl ringa
md braceletn and other valuables which she
tad with her sin- reai bed her home unslded
Phe robbers hav.- not yet I.ri arrested, but the
jollce think they know who ihe guilty naen
u.. and are on the lookout for them
The mania-*, of Mrs, Arm mr t i Walter Den
a ? millionaire Iswyei of New-Orleans, ' ? k
dace thia morning si the Pralrie-ave- n
if the bride's sister, Mrs Willi nu Walker.
f waa a quiet wedding, without btidesn
ittendanti The Rev Dr McPherson, of the
first Presbyterlsn Church officiated. The
tridegroom ct mea of an old French Creole t.un?
iv Identified with tbe early history of New
FA1E HARPAED AND HEB ANNEX.
tnr. NF.< "*?".?* \P.v Qt* w.Tr.i; ni- v Mii.ttoN itllgEO
i lg "Mir i sflOg Ol' i HR TW i
Hoston. lier*. 2 (Sp.-, lal). -There ls nt the pres
>nt time a strong probability thai t le?
al at tiie Harvard Annes will receive tb< reg
Uar Harvard degrei >.f B. A. Som.- time a... the
Harvard Overseers Intimated through Pn
lent E?lot theil wIlHngnesa i" Incorporate the
innes with the university, provided the .nnei
?ouid obtain an endowment of t__o,080 1
lowment las now prsrtii iii been obtained
brough the efr,,itv* of a group of women In
Boston and Cambridge Interested In the higher
?duration of women. Tha main pat' ? I Ihe
>ndowment comes from tha Enwrgincy Hoa
iltal fund for the Bel.I for Trained Nurses,
shh h was given by members of the before-men
loned group some yean ago, The Emergency
Hospital bas recently received sn endowment
.f its own, and the fund thus returns t" the
irtglnal donors, who have decided to devote
he money to ii"- Annex endowment. This sum.
irith other money already on hand, makes the
lecesssry 1250.000 endowment required by lite
Harvard Corporation, lt ls understood thal If
mv action is taken, the union will nrcur In
ime to confer the regular degree on the prea*
? nt senior class if tbe union does take place
the sm.i.-nts ol the Annex, of course, arlll be
idmltted t" all the rights and privileges ol the
"Harvard is agreeable." said President Eliot
his morning "and if the Annes ls agreeable
hi- Corporation of Harvard -thal ls to say.
h." presldenl and fellows has.- consented, but
arhat the action of the Overeeera may be, it bi
int, of course, possible to tell -t this moment.
Til.FA. EA I'll IC NOTES
Ne iv-I L* vu. Dec. fl i' announced lo-day th*it
In th.- vu Ifsl-M snd thereafter until further no
lice ih.-' s,,,ti prlii iii Qerman trill be awarded lo
that tnembet ol the Juntos class who shall pa
beal examination (to be held during the totter half
?if the aecond term) aa the following dramas l_i
ting's "Nathan der Welae," Ooethe'a "Egmont"
int "Iphlgenle .inf Taurts.' SchlMar'a "H'sHenaieln
rVllogie," Heinrich von Klelst'a "Ksethchen iron
Hellbronn" and "trina Prledrlch ron Homburg."
Kiiir.ii.iftit.in. n. v. Dee. -. Benstor O'Connor, on
behalf of lha Binghamton Truat Company, has de
ii,|,.| io prosecute lha twentj or more Iron Mail
branches In this rltate which have refused lo lura
r>. i , ..rv fuel- over to the legally appointed
receivers of th<- order. A tee! cass will bs rn- I
before Judge Walter Lloyd Hmlth on January J. at
ii aasston of th-- Hupremc Court in thin city.
Kansai City, Dec. I Judge Bleeper, of the Cir?
cuit <"..url Of this City, has decided thal barber
shops must be dosed on Sun.lay Ile holds that
?having and halt cutting on sm.,lay are nol neces
titlca Ti.," hotel-keeperi ol tba city who ar.- right?
ing the toil wUI sppaaL
Nun.la. N- E., Dec. J ?An oil train Of twenty-sis
?ru- was wrecked thto morning near thia place,
an.l th" entire train was destroyed by Ure. Th
train was running ea t, and pan d, A moment
toter a tank ..ir exploded, and the irai-i was
wrapped In fiamea. Ko oas was hun.
Boston Dec. - it baa I.a judicially determined
thal it is n good legal excuae for sn employer lo
llscharge his employe who is under contract If that
Individual, during working boura, attends a base
lian game. This question was decided lo-da~ by
Fudge Parmenter, in the Municipal Civil Court, In
th.- sui: of Alphonso H. Mussy against Bowditch,
i ilia. <*-? Pierce, tha wholesale mininera. Hussy
sn'.,i tu recover *.)"> for alleged -reach of s con?
Buffalo Per. ..?The mystery surrounding th**
burled dynamite found on Grand island recently
ins been explained. TO-day lt was learned that
ihe explosive was intended for use In killing Rah
in Ihe river The _a_ne protectors ara endeavoring
to lind tbe owners Of th.- dynamite, and are keen?
ing cloae watch for others who may be engaged In
th.- mme Illegal practice.
Mew-Haven, Conn., I. ??Charlotte Dennto,
ij..,! .-l-ht daughter of the late William Dennto,
af I'on-'re-'-. v.-. Hus City, died las! night of hy
Irophobto. Th*- child waa Mttaa by s dog about a
iioston i*ec I?Oo sst pot-elect Graeahatee bsa,
lt is announced, decided upon threa additional
names f,.r appoUitm* nt ti. Ins staff. Th.-y SN
', loii'-i Ooettlng. ot S|.rin?o,|ii. Colonel Benjamln
g,Lovell "f Weyntoutb. sad P. s. fUehatdaoo, ef
<*nrnln_ N "?'.? Dec. 2.?Thomas Mitchell, of
MiiV-h.ii ('r.-k. Penn., a brother <>f County lodge
i.hn I Mif.-heii. ?f Wellaboro, while driving
'.?rois the track St llOgS Waa struck by B Pall
Itrook axnress train. Mis Warn was smashed to
splinters and ba was terribly Injured and died
two hours lat.r.
r/7-T OBJECTED TO (HEAP EOHEKiS LABOR
Chicago Dec t-tt-ThsrS ls a labor dispute at the
World'"!. Fair grounds, and O.lon.-I Lie.-, of the
"olumblan Guards, him taken steps to prevent any
Dosslbl. trouble. About MM men employed ut* pack
??? ?r H_hiblts were discharged to-night, and when
_t- hour, that their Ptot-a Were t? be taken by
U lan labnrara St much lowe-* -Sages they made
iiaiiaii i?. . change taking place to-morrow
IhlC^uMusV force to prevent tne foreigner, from
^'-.in- coionei Rice announced to-dav thal ho
9 talten itepa effectually to atop say demonatra
PRESENTED TO ll CARNOT.
THE XEW EREN('I[ CABINET.
MINISTRY OF TIIF* COI/)XIE8 TUT, ONLY
M. CASIMIR prnir.IVs GOVEf_tM___ TO DBCLAltl
ITS PROGRAMME TO-MORROW THE PRE
MILK"-* PROPOSED 8VCC-S-90R AS ,
PRES1DEXT ol' Till",
Faris, Dec. 2.?It In stnted that the Ministry
just formed by M. Cas1mlr-Perler lins decided to
accept fm Interpellation after it has mads ?
declaration on Monday as to its prof-ranime.
Th*- Ministry is constituted as follows:
M. Csslmlr-Perier, Prime Minister nnd Minister
af Foreign Affairs.
M. Jonnart, Minister of Public Works.
M. Dubost, Minlst. r of Justice.
M. Marty, Minlst.-r ..f Commerce.
M. Rurdeau. Minlst. r sf Final ee
M. spun."i", Minister of Instruction.
M Raynsl, Minister of tbe Interior.
Oeneral Mercier, Minister of War.
Admiral Lefevre. Minlst.-r "f Marine.
M. I'lger, Minister of Agriculture.
At half-pant r. o'clock this afternoon M. Caa*
mlr-Perler Introduced his colleagues to President
Carnot The aflniatera win meei to-morrow
evening tn hear the Premier, programme.
\ hitch has occurred regarding the Ministry
of the Colonies. All those to whom the place
was offered hav,* declined to accept office, and
ibis ls the only portfolio now unfilled.
The Radical members of the Chamber of Depu?
ties propose the election of M. Brisson as Pres?
ident lu su< .? _ M. Casi mlr-Perler.
The new French Cebinel seems to h.* in effect
completed, though the Minister <>f the Colonies has
nol fe! I.ti selected. At any rate, (h.-re ls no
doubt that M. Cssimir-Perter n"*\ eonsiden iii-* task
accomplished, and be would declare himself t...>
exhausted to build snottier Cabinet, if hi-* present
political edifice should crumble to pieces before
I., irn,- presented f-.r the examination and scrutiny
of the i'h nubers ..n Monda) The persistent re
luctsnce ..f M Csslmlr-Perier t" accept the Pre?
miership la easily undera!.i He was elected pr.-s
Ident ..f th*- Cbambei of Deputies only t?" weeks
md that made bim practically the best known
and ni"-! Influential personage In Prsnce siter
!?? .'-t.i Carnot himself, not t-> mention the polttl
cal advantages which !!.?? ip-_-erahlp would hav
given t.> M. perter ovei hla i tmpetltora In t!',.- race
next var f..r the Pit rtdency of the Republic The
turprtae wsa so great ..t teeing him consenting
linailv to exchange hbt present position for s Pre?
miership, which the caprice ..f the Chamber may
render so ephemeral, thal an explanation of M.
Perier'a declelon waa looked for. li waa said thai
M. Carnot bad promised hun that be (Carnot),
a ?".: i nol Beek r.lection, .-ur I thal h. would give
to M. Caalmlr-Perier** candidacy the whole -nip?
pon of Ihe Administration. Ii ls unlikely that sm-h
a deal has be* in ide ll would be unworthy of the
? . n. I "th ? respect Hf full
liberty nf il"- Senators and Deputies saeemb'ed
in L'ongn ? ? ' tai President.
M. . ,, i di pi :.. i bsa i gr< ed tn ti ??? I ? ? irm Ihe
I, Cabinet which win hav. governed the
French Republic tin ? lill He has undertak ri
ihe task through patriotic motive* ..ri l bc* -use he
alone, I ivlng been elided -peaker by 3-1 votes
..nt nt ll. could hav.' a cl ? ol -????at mw, in
Ihe fl ???'??i s solid majorlti ol ModVrat* it.-pnl.
llcsns. rue ti.iin- ol i Mlntotei ..r tin- new
i 'ai.ia i ,,r i*.*_t. I who have
remained < b.iniei ti-1 al heart. Nearly all of them
. il.;i iipportunlBt Group, formed with
ib<- nlsclpk tJambeita, "which am,.ants to
K to "I., i" mirier dea Btats
1 f.i?.*" '"tLat If that great man u.-r.- still of this
*v,.ill hr i ' " le over thc Min!*!.-;, which
M t "aslmlr perter I construt ting "
? t.il'f -k< t.i. of the i'" ti - i iva* puMlahed here
? t i sp. ak-' an ' some of hi ?
were al I whi n their names sp
?i Ihe ?i*.t nf til- projected Cabin
M Hpuller lt i- proper lo al.I. in regard to the
latt. :. that he kn >?.- i I Btstet sn l i
.; it ll- u aa s m. rnb.-r >.f
th.- official !>??? ? md lon sent <?? nus country
In lias on ll thi Frasco-American
M Rayi 'i i . Deputy of llnrdeaux, tha rtly In
which i meeting na- held yesterday arith a view
t", ag!latins In fav-.r ? >( rloaei commercial i 'latloni
between Prance and lh< I'nlti ! Elates M Raynal
waa Minister <>r Puhlle Works In ibe (lambetth
Cabinet, and in thai of .Inns Perry In ISM-K M.
oi u ii elect?<I i'.: :? f.,i the tir?i lime In
I--.-, br tire Department ??! lth..n., and was a mem
ber of t ht I.-: -- Ministry M Dubost la a Deput)
from iii-" [sere Department; M Jpnnst, from thi
Pt li ' atoll. snd M Marty, fi url the Amis, M.
Vlger was Mlntotei ol Agriculture In tha Dupuy
Cabinet The new Mlnlstei of w..r. General Mai
? ? it present commandant nf the Thin! Division
al Amiens; Admiral \* t, \ re corn?
ed last Bummer ihe Prench Navsl Squadron
?,f ti., English f'lianri.l. ia Man, ti,.; neither ..f that
officers bas np to this timi lak.-n map part In
A I"! Pl f.I.Ii AN DEPLTY ISSI ll Kl).
M. ROt-At-- iii' TtOS RATIFIED AFTER a
STORM IN TIIK PREXt ll i ll iMMi-.il.
Paris, Dec. I in iii^ chamber of Deputlea to?
day M Camille Pelleun, Radical, demanded that
aa official Inquiry be made in t.i the election ..f
M. Rouaaud, Republican, al Narbonne M. Pelletan
declared that friends of M. Rouaaud bad ttoten
rotes uhi'-h were casi f"t M. Perrone, the BoclaUst
M. Rousaud replying In his own defence, made
disparaging remarka concerning tbe -oculists, aev
*r,ii ..f whom retorted bj personslly Insulting the
Aller a small storm, M. de Malu, who
wa presiding, obtained order. M. Pelletan then
reit, t ited his accusations.
The motion f..r an Innulrj was pul t.> \..t-. and
waa defeated, 121 members voting agalnat lt and
lin in Its favor, M Itouiaud'a election wai subs*
.pi.nilv r. ititi.-, i, whereupon M. Pelletan yelled
Ironically: "Long live universal suffrage!"
THE ' HAli'ii: AGAINST ll COXSTAX..
ROI in I 'UT INWr-TS TIUT MAIUMONl TOLD Tin:
STORY i" him
r.iris. Dee. t M Henri Rocbefort, writing from
London to his paper, "I/Intrarurtgeant," in ref.-r
ence t.. ii:.- denial made yesterday by M. Martnonl
>.f ih.- ttory told by M. Rochefort thai h.- (Mart
nonli had furnished proof to Presldenl Carnot that
M. Constant hal hired a man to commit murder,
thal n waa M. Marlin.ni \siio gave ali the
details of th.- story lo him lb- alls that M.
M.irin..cl also lol.i him lha! h.- ..ft.-n uaw Presl?
denl Carnot, M. Itocheforl concludes bj saying:
??I related ibeae confidence* t-. others who can
certify that tl..- alleged facta appeared t.. authorlx*
me r ? 'ii - ula*- Hie si..ry."
M. Conatans im*. withdrawn ti;.- requeal he made
foi an audience with President Carnot tn connec?
tion with the Btorj about him circulated i.v M.
Roc-heron 'i'll* withdrawal ..f tn." request is due
i.. ile- clear st,item,"ni made yesterdsj bj M. Marl
noni in regard to the matter. The latter charac?
terised Rocbefort as a liar.
PIERCE FIRE IS TBE CORNELL BUILDING,
TWO ll"'. FM Ol WORg Ml DEO "TO PUT OCT Till'.
LL AZ!. I'M'.I I.I.-.M.- OP A WATCHMAN.
Bmployea *>f several tirms in the Cornell Build
tog, at N..r*. ni and lal Oatre-st-, were leaving the
building late -raaterday afternoon winn l. i>.-n
neek. the nii-ht watchman, discovered Ranm. tu
Bama waste paper saar tha ehtvator shaft aa th."
north side at the fourth floor. Ile Btamped out the
tire, or thought be 'ii!, and irani to another part
of the bun,Hms*, a few miiuii-s later employes >>f
li,nuke k- Marx, jew- Itel '. Ott the top II..or, ran
doamatalra and gave an alarm to call the bremen.
The watchman t.'M ti..* Bremen when they arrived
that lhere was only a little Ure in the elevator
shaft on the ground ll,war. un.I UmtaliOg Chief Mr
Qtll sent a sin*-!.- company to the shaf! Ii was
then discovered thai ti;*- Hamsa had extended to
th-- root on tn*- nortii sid.- of tba building and
wera spreading on the fourth flour. A third alarm
was nm? at once,
The hurl.Uni; Ix live stories hl*h and hat* a front?
al:.' of seventy-five l.-.-t lu < Vntre-st. Chief McOtll
|,1 a dooen tlrein.-n up th.- stairs to Ihe fourth
tl, ur. and they w.t." nuntin;- tho flames th.re when
there was an explosion on the third ilo,.r and thi
Haines shot up from below. K..r a few minnies the
bremen Were in urea! pal-, but they gUUMgad tu
ni.ik." ih.-ir way down a rear stairway .unhurt.
.-"!r-.iin- from -i water tower boos male an im?
pression on ihe Ure. and ll was put oul after the
lltrht had lasted for nearly itv., hours.
Ttl.- building was bulli several year* uko by .1. n.
_ .1. M. Cornell, the Ironwork, rs. lt was damaged
about t-U.l""" by th- hr.- Th.- losstrs of the occu?
pants of the bull.lina: wera estimated lust evening
as follows; Bourke A Mars. Jewellers on the top
floor, tl">.000: C. I-. '"urtls and s. j* Dennlsoa, ma?
chinists on the fourth floor. 15,808* Haddon A Co.,
bookbinders on the third floor, fla.Oif); H. Kuene A
Son. electricians, second floor, 11.000; L Meyer,
tailor, eecond floor, IMO; Duplex Collar Company,
second floor. 18.000. The amounta of Insurance held
by tbe aeveral flrma were not known.
CHICAGO CITY CONVENTIONS.
SWIFT AGAINST HOPKINS FOR MAYOR
THE MTTEft'S NOMINATION V D_f_A_ KOU THK
CITY MALI. LAM;-S TL ILK" INl'l IH'.NT.
(BT TF.I.F.OSAPH TO THE TRItlfNE.]
Chicago, Pee. 2?Harmony and enthusiasm
almost riotous in Tiree and contagiousness
marked the proceedings to-day of the conven?
tion whicb nominated fJbOTge Hralnard Swift as
RepabUcan candidala for Mayor. Not a dis?
senting voice was raised to his nomination,
which was made by a. Initiation amid the
deafening cheers of the delegates who packed
the North Side Turner Hall to its fullest ca?
pacity. Alderman Madden w-B>.s chairman of
the convention. When he reached the name
of Oeorge H. Swift in his .paning address the
.-.hiv.'titi..ii ruse as one man and relieved its
feelings by the most vociferous cheering, which
rose and fell only lo break out again with In
tensiiied vigor. Every delegate to th.* con?
vention seemed imbued with the idea that
viet..ry for Swift and renewed ascendency of
the Republican party In Chicago were assured.
Mr. swift's nomination hud just been made
when the pr.'.ee.lings of th" convention were
Interrupted by a most sorrowful Incident.
Charles Kosminski, chairman of the delegation
from tha fourth Ward, dropped tload in a cun?
nii! t.- room. Ills sudden death threw a feel?
ing of profound sorrow over Um whole umbi*
blair.", and the convention at once adjourned.
Mr. Kosminski made nm, ..f th** spec, hes nomi?
nating Mr, Swift. He had been ill at his home
for several days, and said so in his speech; he
added that ha had c..me to the convention
against tha orders of his phystdan. Mr. Kos
ininski bad been appointed ? member of tbe
commit!.n resolutions, and after his speech
he retired to the commItte-room. A few minutes
later h" dropped dead from heart disease.
Mr. Kosminski was the founder of the firm
.f Kosminski & Co., bankers. He was born
near Breslau, Silesia, In 1837. At the ag.* of
eighteen be rame to America and sett!.-.I in
Corning, N. Y . where he engaged in the cloth?
ing business. In Ital he .rime t.i Chleugo. and
since l*'!'" has been engaged in the banking
business her.". II. lipid a high social posi
tlon, mid conscientiously filled many positions
..! h..nor and trust. Five children aad a widow
John iv Hopkins was nominated fur Mayor
by th." Democratic convention in the 2d K.*gi
tiieiit Armory this afternoon. There was ugly
talk before the convention assembled that th**
adi,."lents ..I' the Weiner faction, which were
in a hopeless minority, would attempt t" carry
a compromise by fore*, and a free tight was
looked for. Hut' the Hopkins faction had th**
situation well in hand; they submitted to a .u
promise chairman, and then carried everything
their "wu wai- Th*- conspicuous Int Ident <.f the
convention was n ludicrous love feast on the
platform <?. th.* convention hail between r.i.-jt
maater il-sIhk and th.- defeated candidate,
Prank Lawler. The batter has given some
thought aa t-. where his bread and butter cornea
ff..in, and 'limbed int.. the band-WSgon, with a
great He-Uriah of loyalty to the nominee of the
.-, >n\ entloii.
Hopkins' nomination ls a triumph of the Young
Democracy and a defeat for th.* city Hall fac?
tion The choice <>f the latter was Krank Ven?
ter, presldenl ? ?( the DraJnagra Hoard, whose
name was withdrawn before the convention
began t,. ballot. Hopkins ls a member of a con?
tracting Brm and has not held office. He wis
the leader in the Washington Hesing fight last
sprinif against Carter Harrison for the nomina?
tion of Mayor.
THERE st'sFtrinr-o PTBES.
ty CK-M ARIE* BEM EYED TD IIAVF. lEEtl AT
WORK l\ Hi; uk LYN PLAT-HOUSE-.
Three tires apparently nf incendiary orlsrin, oc
curred yesterday in Brooklyn only one nf them
-lld much damage, causing a loss of about 1.0,881.
lt occurred about ti o'clock, in the "ive?
ston- brick fiat-houee, nt Noa. ill .-ind lia Court
sf. eerier .if Psctflc-St. An unknown ? "man
discovered the sm,.k.- nn-l Informed I'lmy
alus Marina, who bad ,i picture store on the
first floor. He hastened IO ihe cellar and found
the woodwork nt the bis,* of the elevator shaft
asa ablase. After trying In vain to extinguish
it he s.tif in a lire alarm. This was followed by
second ani third alarms, .md many streams*of
irater were soon pouring upon the building. The
elevator shaft carried the Hames to all the floors.
Bvery on.* in thc building got out in safety, but
Mrs. !?*. li. Terhune had to tv taken down the
lire-escape from the third floor. Foreman Cop
pine. *r and Firemen John Ryan ani John Kelly.
of Truck No. I", aid."I In her res.-ne Theri* were
Sixteen Hats in ihe building, besides Ihe stores
r-n the str.-.t tl.h.r and in the basement. All th-'
tenants Buffered loss, chiefly from damage by
irater Their aggregate l".-s was pia ,-.l at 8-090.
Thi damage to the building, owned by Joseph F.
lit lah, ..t No, id Tenth-BL, amount.-! to 18,08..
lt was insured
A chines.- laundryman, Winn Lung, snd his aa
ilstanta, continued al their w..rk in th.- basement
..f tn.- burning building in spite of the commotion
. * ii-, i bv ih.- dr.-. and .lid n..t suspend operations
until their place was flooded.
Marina, who lound lb.- lire al the bas., of the
elevator abaft, says thal ti.- thinks som,, -traw
ti.i-i if."ii s,-t on Hf." there, About three weeks
ago h." found a barrel of rubbish Bet on Hr*.- at
th.- same place.
ai.out bait ..ti hour before thia tire brain out
Mrs. john Hammer, who occupied the s.nd thu
ar ftJo. t I'.ali st., a Mock aw.iv from Conn and
Pacific tts., found that a ur hil been started at
th.- bottom Of the elevator shalt, wlere som.- rub
i,i-h had been soaked in kerosene and s.-t mi lire
The tir,. wa- extinguished before any damage wa*
done to the bull.line.
About i p m. v. tterday a Hr.* occurred in the
elevator shaft ..f thc four-story nat at No. Hi
Duffleld-St.. owned by l>r. A. \V. Sh."par.1, causing
a loss of IMO.
There was a striking similarity between these
fires atti several which occurred in flats in various
parts of I'.rooklyn In the last fortnight.
TO prsH GOOD OOVEBS VBNTCL CB WORE.
.CTIOM OP A COMMITTEE OP Till" CITY t'Ll'i:
I'l.AN-i TO OBOE "\ THE MOVEXI HT
If the resolutions made last nijrht by thc Com?
mit'!.n Co-operation sad Affiliated clubs of the
City Club are carried out there trill Le aeversl
,ro>?i things in store f..r the c..!,i Oovernmenl Club
ii,,v,ni. nt In this city. In the first place, it was
suggested last night that the ttrengtb and influence
of thc city club ahould be thrown Into tbe Qood
Oovernmenl clubs, snd that other Influential bodies
In the city be asked to do the sun.-. The resolu?
tions were lo the effect that the committee appoint
an executive committee, to consist of not more
than thirty mem bera and not lesa than seven, to
work In the interests of Hood li..vernment clubs;
Ilia! an effort be made to bring into thc Qood Gov
ernment Club movement the better element of the
citizens of drinan descent; that a fund be eetab
Ilshe.l to loan to-Good Government clubs money
on band ant ni- r!Ra_e to build cluhhouses, that the
members of the committee who are fl li legates 1?
thc Good Government Club Conference to be held
Thursday be a sub-commiitee to report on the ac?
tion taken by the conference, and that a central
clubhouse he secured where all the clubs could
The resolutions were read by Kdmund Kelly,
secretary of the club, and they were all adopted,
except one, after long dlBCIt-B?BBB on each one by
Bric n.ihl.rcn. who apposed most all of them, and
William Travers .lerom** and John J. Chapman,
who spoke In their favor. It was the general senti?
ment <>f the committee that effective work should
bc done hy the City club toward extending the
work of th-" cio.l Government Club movement.
Mr Dahlgren opposed the resolution providing for
an Executive Committee, because he thought the
Committee on Co-operation and Affiliated Clubs
would have its |>ower and work curtailed by the
new committee.- The Executive Committee will do
the active .work In thc Qood Government Club
movement, but it will be controlled by the Com?
mittee on Co-operation and Affiliated Clubs.
EXTREHF. f01.il 7.V THE SOUTHWEST.
St. Paul. Minn.. Dec. 2.?The weather In St. Paul
and the rest of Minnesota waa sufficiently cold yes?
terday to satisfy the oldest inhabitant. At daylight
v.-sterday mornlns; the mercury In St. Paul was
all the way from 20 to 28 degrees below zero, and at
other point* In the State the thermometers showed
from d to M degrees below. Weat of this point
there has been a rapid rise, owing to a Chinook
wind. In Manitoba, however fha westh?"* ls <ri-ld.
Last night's report showed ? degreea below gera.
THE BIG STEIN FAILURE.
WILL OTHER HOUSES FALLt
FOREIGN BANKERS SEEK TO HAVE THZZF
I JENS PREFERRED.
TIIF. COU-AI-ED FIRM Of,' AUK. STEIN _ CO. WAI
. CA-HYIXfi OTIIF.lt O.Nl'F.aXS-CLASlI OF
ErBOf_M- A XI) IKi.Ml: CHEUITORS?
LOXtMiN STOCK Sl'F.f L'LATIONH ___?
PORTED TO BF. rr.IMAIULY RE
?fOS-HfU POI TIIF. CRAMI.
The developments of yesterday in the failure)
of. the house of Abe. Stein _ Co., Importers of
hides and skins, at No. H7 Gold-st., which waa
placed In the hands of a receiver on Friday,
proves that lt may be far-reaching In Its ef?
fects, and certainly will open a wide field for
litigation with regal- to the treatment of tha
assets of the firm. The failure may Involve
other concern!" of importance which have been
practically curled through the hurd times of
the summer and autumn hy Abe. Stein & Co.
Foreign hankers who have advanced credits to
the firm have taken legal proceedings to es?
tablish a jtreferred lien on some nf the goods
and funds held hy lt or tn its credit here, and
their claims will be vigorously resisted by tba
receiver In the Interest of the ?a_tt_l creditors.
An entirely new phase of the situation ls alas
presented by the indications that possibly lt
may prove to have as much of a financial aa
Of a purely commercial character.
It was said yesterday that the real secret of
the failure of Abe. Stein <?".- Co. was the un?
fortunate operations of Abe. Stein, the senior
partner, on the London Stock Kx.hange. The
report enid got he fully verified, ami the at?
torneys for William H. Hlldreth. the partner
who had the house placed In the hands of a re
c-U'-r, were ignorant >'f th" circumstances, al
though they were by no gr nong incredulous that
this might prove to be the case. A few years
Bga Mr. Stein was credited with b*-ing worth
m. re than $2,000,000. He is a large owner of real
estate in this city, but no estimate of Its value
could be maile yesterday. His address ls No.
47 Hast Flfty-slxth-st. He has been in Europa
with his wife. Ile has no children. It waa
s.-.i.i >.n good authority yesterday that Hr. stein
has In the last two years operated largely in
stocks In London. He is said to have met
severe losses in the last two years, and his
wealth is believed to have Leen greatly reduced
It is not known In what securities he has been
simulating, but lt la surmised thHt his losses
grear out of tra Mac*.ona in a ?anira ii securities.
It is thought hy well-informed persons that the
house would not have been carried down
if it had not boen for these unfort?
unate speculative ventures of the senior
partner. Should this prove to be the
'rise it may have an Important bearing upon
the final condition of the liquidation of the sus?
"-"TIMAT! oi' TIIF. LI \hilitif.v
It has tv en estimated that the liabilities of
Abe. stein & c.*. amount to at least $1,000,000.
No close estimates could be given by the re?
ceiver or his counsel, and owing to the possi?
ble complications with the house of Jacob Stein
& Co., <>f London, whose failure or? Thursday ia
said to have precipitated the collapse of tha
New-York house, the liabilities may prove to ba
larger. There was no official connection be
tween 'h.- two firms, but their business and
banking transactions were closely commingled,
and it ls as yet imj-ossible to say how far an
Interchange of credits may affect the outcome
of the two suspensions.
But it is considered certain that the New
York failure may have an Important effect
on other houses in the same line of busi?
ness in N'ew-Kngland. According to Horo?
witz ? llcrshfield. lawyers at Ni. 277 Broad?
way, who ar.* counsel foi Mr. Hlldreth. the
partner "rho secured the receivership, there ara
four oi- five large concerns in the Eastern States
whose notes h.i\e bean liberally Indorsee] by
Mr. Stein in fact, who have boen virtually car?
ried financially by him. The Stein failure will
throw them on their own resources, and lt la
believed that it will .be extremely difficult for
them to secure accommodations independently.
Otto Horwlta said yesterday. "One of the mis?
fortunes of the failure is that lt ls likely to In?
volve several other houses whose business rela<?
;i..iis with Abe. Stein _ Co. were close. Of
ionise I cannot name those houses, although
I am daily expecting to hear ?.f their passing
under receiverships."' It is not believed that
any New-Tork hide house is similarly situated,
-iii: nut- ?-______ BEBE.
. Abe. Stein & Co. kept accounts In this city with
the Han-.\er Nation il Bank, the Hide and
Leather National Bank, the Hanover National
Hank, the National I'nion Rank and the Bank
of America. The linn had loans with nearly all
of these banks, hut the ..Ulcers declared in each
case ihat the loans were amply secured. The
..rirts. however, hav* been called upon to de?
termine this question. Justice Miles Beach, of
the New-Yolk Supreme Court, yesterday Issued
Injunctions against the firm, the receiver and
the Manner. Hide and Leather and Bank of
America restraining all of th* in as defendants
Irom disposing of goods and proceeds to which
i laim is laid by several foreign bankers. Tbs
linn and ihe receiver are ordered to make no
disposition "f these ass-is. and tue New-York
hanks ara enjoined from using any assets of the
firm In their possession for the protection of
their own claims. These proceedings were in?
stituted by ihe British Bank of South America
and Hi.- German Lank of London, through their
New-York -orreap.adenta, the National Bank <>f
New-York; 'h.- London an.l River Plate Hank,
tin..ugh William Seton (Jordon, agent; Baring
Brothers _ <',*., ol London, through Baring,
Maffoun *V CO., and Klein wort. Sons _ Co.,
bankers, ol London. The hearings og- the tem?
po! a tv Injunctions will be had on Tuesday. The
aggregate claims of these foreign bank?
ers are between $200,000 and $300,008.
The suit of the Brittan Bank of South
America furnishes the model for the other suits.
This hunk alleges thal lt issued letters of credit
to Abe. Stein i. Co., secured on invoices and
bills of lading for goods shipped from London to
thal Brm, which were subsequently delivered to
Stein & Co. in exchange for a trust receipt.
Which reads as follows:
l'1'Oi-LUTY IN TRC-T.
Received of the Hrltlsh Hank of South Amerlee,
limited, through its correspondent the Hank of New
York, N. n. A., the merchandise specified In tha
bill of lading per -, which we agree to hold
on storage us the property of the oank, with liberty
to sell the same and account for the proceeds to Ita
correspondent, until all bills of exchange drawn for
our account on the said bank shall have been paid
ur satisfactorily provided for; to keep said property ?
insured against tire, payable In case of loss to ths
correspondent of the bank for Its account, with the
understanding that the bank ls not to be chargeable
with any expenses Incurred therein; the Intention
of this arrangement being to protect and preserve
unimpaired the Hen of the British -lank of South
America, limited, on said property. _ . ? ._
ABE. STEIN _ CO.
The foreign banka claim thal this trust re?
ceipt gives them a preferred Hen on the goods
on which the credits of exchange were Issued, or
on the proceeds of their sale, no matter where
the money may be. As a matter of fact, the
goods In the cases Indicated have been sold, or t
the warehouse receipt's have been pledged for
loans with the New-York banks. Should the
lien of the foreign bankers be established In
court, lt can readily be seen that the New-York
banks might have some of their security cut
from under their feet. Ab the indebtedness of
Abe. Stein _ Co. abroad ls estimated as at
least $600,(100, the Importance of the question
raised ls great.
Daniel P. Hayes, of Hayes _ Greenbaum, law?
yers at No. 170 Broadway, who ls counsel for
David Wile, the receiver of Abe. Stein a. Co.,
stoutly disputes the marita of the claim of Um