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2 FINANCIAL AFFAIRS. The Oregon Improvement Company's Position. The Application for a Receiver Granted. A Receivership Necessary to Protect the Company's Credit. A Weakness in Stocks in Wall Street-A Financial Crisis in the Argen tine Republic. Associated Press Dispatches. Portland, Ore., Nov. 25. —In the United States circuit court this morn ing. Elijah Smith and Prosper Smith, of New York, through their attorneys, made application for the appointment of a receiver for the Oregon Improvement company, in order to secure the credit of the company under the present financial situation. A decree was granted, appointing Jo seph Simon, of this city, receiver, with bonds fixed at $100,000. The application shows that all the properties of the Oregon Improvement company are subject to liens. The first lien, or what is known aßthe first mort gage of the company, was made to the Farmers' Loan and Trust company, as trustee, December 1, 1880; the second, known as the consolidated mortgage of the Oregon Improvement company, was made to the Farmers' Loan and Trust company, November 1, 1889. The first mortgage was made to secure the issue of $5,000,000 first mortgage bonds, payable December 1, 1910, with interest at 6 per cent. All of the first mortgage bonds are now outstanding, except about 500,000, that have been re tired and canceled by the operation of the sinking fund provided for in the mortgage. The interest on the outstand ing first mortgage bonds, being 3 per cent, on about $4,500,000, will be due the Ist of December, next. The consolidated mortgage was made and executed November 1, 1889, to se cure the issue of $15,000,000, payable in 1939, with interest at 5 per cent. Con solidated mortgage bonds to the amount of $800,000 are now outstanding. Loans to the amount of $175,000, se cured by individuals and corporations, will mature in a few days. Many of these loans are held in New York city. Owing to the condition of the money market, it is impossible to renew the loans. For the past year the company has been engaged in the purchase and devel opment of railroad lines iv Washington, causing a large outlay of money. The liabilities of the company are about $2,000,000. J. C. Haines, general attorney of the Oregon Improvement company, said this afternoon: "The object of the company, so far as it has gone, is simply to preserve the integrity of the present system, and keep it together. We want to prevent the company's property from being broken into fragments and sold under attachment for its lloated indebt edness. If it is broken up, the sales thereof would be ruinous to, not only the stock holders, but to the creditors as well. If the company is not disintegrated, it can pay off every dollar of its indebtedness, which will not exceed $7,000,000, while the company's property is worth at least $10,000,000." The situation now is that the court has charge of the company by virtue of its officer, and accordingly no attachments can be levied against it un less the court grants the creditor per mission to bring suit." Receiver Simon will tile his bond and assume control of the company's affairs at once. New York, Nov. 25. —The Evening Post quotes Treasurer Smith, of the Oregon Improvement company, as say ing he expected to be able soon to issue an address in explanation of the whole situation to the stockholders. In the meantime he would say the company is in a prosperous condition, and has earned and paid 3 per cent, on the capital stock. The receivership will be in the interest of the company, and the bondholders will be fully protected. One of the di rectors is quoted as saying there is no question of the solvency of the company, WILL STREET. After Various Fluctuations Stocks Close at the Lowest Figures. Wall Street, Nov. 25.—Stocks open ed with the usual irregular changes from last night's figures, but with a re actionary temper, aud early prices were not maintained. In the active stocks pressure was more urgent, and while there was little animation outside of half a dozen stocks, among which St. Paul, Atchison, Northern Pacific pre ferred, and Union Pacific were most prominent, the whole list moved off. Large fractions were lost in all of the lists. Atchison was specially weak, closing lower. The buying demand increased, however, and the early losses were recovered with fractions in addi tion. Sugar was also a feature; after opening at 55 for cash, 53 for regular, against 55% last evening, it further re tired to 51%, and then fluctuated violent ly between B3& and 52. There was a slight recession from the best figures in the latter portion of the hour, and at II the market was active and strong at about the best prices. Stocks after 11 o'clock were less active, and the reaction from the high prices attained, made further progress. At noon the market was quiet and again weak, generally at iractions below opening. The decline made but slight progress after 12 o'clock. From that time the market showed a steady diminution in business, while prices reacted slowly and advanced until toward 1 o'clock, when sugar was up l 1.; at 52. Another decline followed, but a firm tone soon returned, and fluctuations remained ex tremely small. At 2:15 the market was dull and firm, generally at fractions be low best prices. Stocks again developed considerable activity after 2:15, but showed increased weakness, and the whole list yielded slowly. In many cases the "lowest prices of the day were recorded—closing weak at the bottom. A Crisis In Argentine. Buenos Ayres, Nov. 25. —The pre mium on gold advanced from 225 to 250 today; closed at tbe latter figure. A financial crisis prevails. Several credit houses have closed. There was tumult on the bourse. The police were called to quell the disturbance. London 'Change. London, Nov. 25. —At 12:30 p.m. prices for all stocks, except Argentine THE LOS ANGELES HERALD: WEDNESDAY MORNING, NOVEMBER 26, 1890. and American securities, generally were higher. St. Paul was V/ t up. At 2:30 p.m. American securities were improved. Other securities were dull. Securities of the Argentine republic were flat on account of the financial crisis in Buenos Ayres, and rumors of revolution in several provinces of the re public. At 4 p.m. American railway securities were strong and advancing, Argentine securities steadier, and others better. A DOUBLE FAILURE. Related Memphis and Now York Cotton Firms Involved. Mkmimiis, Term., Nov. 25. —Thomas S. Allen & Co., one of the oldest cotton factory firms, have failed. The announce ment caused a sensation. The firm claims to be able to pay dollar for dol lar. The liabilities are $750,000; assets, $1,500,000. The assets consist largely of plantations in the Mississippi valley. Offers of assistance were tendered the firm yesterday by a bank, but declined. No moneyed institutions in Memphis suffer by the suspension, as they are amply secured. New York, Nov. 25. —Richard H. Al len & Co., bankers and commission mer chants, 31 and 33 Broad street, have made an assignment. Their liabilities are $1,000,000. The firm is composed of Thomas and Henry Allen, of Memphis, Term., and Richard Allen, of New York. A Badly "Busted" Bank. Chicago, 111., Nov. 25. —Judge Pren dergast today overruled the motion to rescind the order appointing a new as signee for Prettyman"s bank, in place of Charles Johnson. At a meeting of the creditors, Johnson made the statement that there was only $1000 cash in the vault when he closed the bank Satur day night. Assignee Johnson made some damag ing admissions during his examination, regarding the interchange of moneys and securities by Prettyman's lumber company, and the bank. The examina tion will be continued tomorrow. A Savings Bank in Trouble. San Francisco, Nov. 25. —Judge Mur phy, today, issued a temporary order re straining the Dime Savings bank from continuing business, and appointed A. L. Gutterson receiver. The bank com missioners allege that the bank has vio lated the provisions of its charge, and carried on business in an unsafe man ner. There are some $6000 due deposit ors. The commissioneis ask that the charter be l evoked. STANFORD SLOPES OFF. DUTY DEMANDS HIS ATTENDANCE AT WASHINGTON NOW. He Uses His Official Prerogative to Avoid Answering Embarrassing Questions About Disbursements From His Sack. Sax Fkancisco, Nov. 25.—Senator Leland Stanford left today for Washing ton, in spite of the summons from the superior court to appear before it and testify'concerning the alleged violation of the election laws with which he is charged by ex-State Senator P. J. Murphy. Senator Stanford exercised his official prerogative, and signed an affidavit which stated that he was called to Washington by his senatorial duties, and unless he started today he would not arrive in time for the open ing of congress on next Monday. Sen ator Stanford will probably be examined by a commission at Washington. IS IT A DEAD LETTER? The Interstate Commerce Law Abnut to be Tested. Chicago, Nov. 25. —In the case of Charles Counselman, head of the grain firm of that name, who refused to answer questions from the grand jury regarding the alleged receipt of rebates and cut rates from a western railroad, .Judge Blodgett, in the federal court this morn ing, rendered a decision that Counsel man must answer. He was taken before the grand jury again, again refused, and was returued before Judge Blodgett,who fined him $500 aud ordered him into custody till paid. He will demand his release under a writ of habeas corpus. If refused, he will appeal to the supreme court of the United States. The point involved is of much mo ment, as if witnesses cannot be com pelled to testify the interstate commerce law will become practically a dead letter. LIFE-SAVING SERVICE. Incalculable Service Rendered During the Course of One Year. Washington, Nov. 25.—The annual report of General Superintendent Kin ball, of the life-saving service, shows that the number of disasters of docu mented vessels, within the field of sta tion operations, during the year, was .184. On board tiiese were 3,197 per sons, of whom 3,159 were saved. The estimated values of the vessels and cargoes was $7,555,908; of this $5,451, --843 was saved. The number of vessels totally lost was seventy-six. In addi tion there were 145 casualties to smaller crafts, on which were 299 persons, of whom 289 were saved. Must Be Redeemed. Chicago, Nov. 25. —In the matter of 91 , -000 miles of editorial transportation over the Atchison road, bought in a scalper's office by the Rock Island, Chairman Finley has decided that the Atchison must redeem it. All tickets found on the market disturbing rates must be re deemed whether they have been bul letined for dishonoring by conductors or not. Baseball Officials. Seattle, Nov. 25.—At the annual meeting of the directors of the Pacific Northwest baseball league last night, the following officers were elected: President, W. R. Bushnell, Tacoma; vice-president, H. T. Hudson, Portland; secretary and treasurer, W. E. Rock well, Seattle. Directors were also elected. W. CT. U.s at the White House. Washington, Nov. 25.—A committee of ladies, of which Mrs. Hughes, of Ari zona, is chairman, appointed by the na tional convention of the W. C. T. U., called on the president and secretary of war today, and urged an order forbid ding the sale of beer and light wines at military garrisons. House and Ctilld Burned. Skattle, Nov. 26.—The dwelling of Arthur Harold was burned this evening. His 4-months-old baby perished in the flames, and Mrs. Harold and a little girl were painfully burned. WELL'S HAIR BALSAM. II gray, gradually restores color; elegant tonic dressing, 50c.,51.00. Druggists, orsl.oo size pre paid by express for $1.00. E. 9. Wells. Jersey City. BOUGH ON TOOTHACHE. Instant re lief. ISC. WORLD'S FAIR WORK The Management Difficulties All Adjusted. Invitations to Foreign Nations Now in Order. Blame's Bluntness in Regard to His South American Bureau. If the Mountain Will Not Come to Moham med, Then Mohammed Must do to the Mountain. Associated Press Dispatches. Washington, Nov. 25.—Referring to the objection made by some of the Dem ocratic members of the National World's fair commission at Chicago yesterday, to some of the proposed work of the state department in aid of foreign ex hibitors, Secretary Blame today tele graphed Chairman Waller of the foreign affairs committee, saying since the work was considered partisan by some of the commissioners, the offer was withheld, and the department would await the of ficial request of the commission for any service it may desire. FRICTION REMOVED. Peace at World's Fair Headquarters Firmly Established. Chicago, 111., Nov. 25. —At today's meeting of the World's fair commission, the report of the joint conference com mittee of the commission and the local directors, to settle the differences be tween the two bodies on the question of their relative rights and duties, was adopted, as it was adopted by the local directory last night. It is now believed that all chances of friction between the two bodies has been removed. It pro vides for a joint board of control, com posed of an equal number of represen tatives from each. The direct manage ment of the fair is vested in fifteen de partment heads, under the supervision of the director-general. Everything; Ni>w Ready. The site and plans and specifications for grounds and buildings have been adopted, and President Harrison will now be advised that everything is in readiness for him to issue a proclamation to the nations of the world. The recommendations of the foreign affairs committee, that W. E. Cur:is of Washington be placed in charge of se curing exhibits from the Latin-American republics, was accepted and referred to the department of foreign affaire, when created. Lady Managers Vice-Presidents. The board of lady managers selected the following vice-presidents: First, Mrs. Trautman, New York; second, Mrs. Burleigh, Maine; third, Mrs. Price, North Carolina; fourth. Miss Minor, Louisiana; fifth. Mrs. Wilkins, District of Columbia; sixth, Mrs. Ash ley, Colorado; seventh, Mrs. Ginty, Wisconsin; eighth, Mrs. Salisbury, Utah ; ninth, or vice-president at large, Mrs. Russell Harrison, Montana. Granaries Burned. Vacavili.e, Cal., Nov. 25.—A dispatch says two warehouses at Madison have been burned to the ground. They were the property of Stephens Bros., of Wood land, and were partially tilled with bar ley and wheat. The value is not stated. A Close Election. Fairi'iei.d, Cal., Nov. 25.—The con tested election case of Harvey, Demo crat, against Castigan, Republican, for the county clerkship, was decided today in favor of Castigan, who was declared elected hy six majority. A Water Franchise Granted. Los Gatos, Nov. 25.—Last night the town board trustees granted M. Murphy and assignees a franchise to supply the town with water. The company will ex pend $75,000 in the next six months. ltowers's Majority. Sax Fkancisco, Nov. 25.—The com plete official returns from the Sixth con gressional district give Bowers, Repub lican, 33,522; Curtis, Democrat, 28,86(1; Bowers's majority, 4650. Adams Will Resign. Boston, Nov. 25. —Charles Francis Adams openly stated today that he will resign the Union Pacific presidency at tomorrow's meeting of the stockholders here. A Charge Dismissed. San Fkancisco, Nov. 25.—The charge against Charley Rochette, who engaged in a glove contest at the California club laßt September, was dismissed today. Another Wall Street Suspension. Wall Street, Nov. 25.—The suspen sion of J. C. Waldrou was announced on the stock exchange today. A FAMILY JAR. The United States Refuses to Inter fere in It. Jacob L. Vertrees was examined by United States Commissioner Van Dyke yesterday afternoon on a charge of open ing a letter not addressed to him. The complainant in the case, Mrs. M. E. Vertrees, is the defendant's Bister-in law. He claimed that he thought the letter addressed to his wife, and, there not being the slightest element of crim inal intent proved, tbe commissioner dismissed the case and discharged the defendant from custody. The entire difficulty was the outcome of a family row. The Child of an Evil Parent. Malvolio saig in Shakespeare's comedy oi Twelfth Night, "Some are boru great, some achieve greatness, and some have greatness thru.i upon them." So it is with nervousness. Some are born nervous, some achieve nervous ness by their own imprudence and neglect, and some have nervousness thrust upon them by disease. The basic sturting point of this ailment, which grows rapidly and assumes alarming proportions when it reaches the stage ol hypochondria and chronic sleepless ness, is weakness, the child of Indigestion, parent of many evils. For the incapacity of the stom»ch to digest food, and of the system to {assimilate it after digestion, Hostettcr's Stomach Bitters has ever proved a sovereign remedy. Sleep becomes tranquil, appetite im proves, abnormal sensitiveness of the nerves is succeeded by steadiness and vigor in ithose delicate tissues, bodily substance increases when that signal restorative of digestion is systematically used. Conquer also with it malaria, rheumatiam, Sidney inactivity, liver complaint and constipation. The Corfu Dining Parlors, Ito% 8. Spring Btreet, up stairs, are prepared;to lerve families or parties with Thanksgiving Dinner from 12 to 8. Especial arrangements will be made for families and private parlies on application. Dinner, 12 to 8, 50c. Eucalypta, king of table waters. LEGAL INCIDENTS. Little Happenings Which Were Noted Yesterday in the Courts. Demurrers were filed in department one yesterday by Wong Gun and Ah Ung, charged with playing fan-tan. Judge Cheney heard urgutnent, and took the matter under advisement to Friday morning. The case against Hong Tong, charged with robbery, was called in department six yesterday morning. The Chinaman was convicted of the offense charged, but was granted a new trial upon ap peal to the supreme court. On motion of the defenue a continuance was granted to Friday. A battery case which has been hang ing lire since September 24th last came up before Justice Savage yesterday afternoon, and was continued to Decem ber 3d. Some two weeks prior to the date mentioned above, Z. Eldridge and one Kan a had some trouble at the lat ter's saloon, in the southern portion of the city, and Kans was arrested for bat tery, tried, found guilty and fined. His wife then filed a counter complaint for battery against Eldridge. and the case has dragged along ever since. It is possible it will be settled this year. SOLDIERS' HOME MANAGERS. They Will Visit the Institution Accom panied by Colonel Markham. A party of the managers of the Na tional Soldiers' home will arrive in this city this afternoon, intending to in spect the home at Santa Monica, which will be done tomorrow. Governor-elect Markham, one of the board, will accom pany the party, which is in charge of Colonel E. F. Brown of Dayton, 0., and consists, beside himself, of General W. B. Franklin and wife of Hartford, Gen eral J. C. Black of Chicago, General M. T. Mahone of New York, Major J. M. Birmingham of Hartford, S. R. Burns of Dayton, Mrs. General Hyde, Mis? Hyde and Miss Brace. Advance in Commodity Rates. T. H. Duzan, agent of the' Burlington route in this city, received telegraphic advice this morning that the Trans continental association had agreed that all commodity rates should be advanced 10 per cent. As some doubt was ex pressed as to whether this applied to east-bound shipments as well as west bound, Mr. Duzan asked for fuller ad vice by wire, and was further advised that it covered both east and west bound commodity rates. No date has as yet been fixed when advanced rates will go into effect, the committee being now engaged in checking rates. miles's Nerve aud Liver Pills Acton a new principle—regulating the liver, stomach aud bowels through the. nerves . A new discovery. Dr. Miles's Pills speedily cure bil iensness, bad taste, torpid liver, piles, constipa tion. Unequaled for men, women, children. Smallest, mildest, surest! Fifty doses, 25 cts Samples free, at P.. W. Ellis A: Co.'s. Get Thanksgiving Dinner At the Corfu Dining Parlors, 130>,j S Spring sireet, up stairs. Dinner, 12 to S, 50c. Are you going to hear Joseph Cook next Fri day night, Nov. 28th, at Illinois hall. W. Galer, primer, 310 West First street. Drink EUCALYPTA for headache, tour stomach. Bakery. Ebinger's bakery and ice cream and dining parlors, cor. Third and 8. Spring sts. Eccai.yita stimulates, but does not intoxi cate. PICTURE FRAMES, STEEL ENGRAVINGS. MIRROR*, MOULDINGS, ARTISTS' MATERIALS. Reliable Goods and Satisfac tory Prices. Sanborn, Vail & Co., 133 South Spring- Street ma-2Dsa-wfl-12m DELIGHTFUL COMPLEXION EFFECTS May be produced by the use of Mrs. Gra uam'h Eugknik Enamel and her Roheßkoom. The complexion mid color are made perfect, and the closest scrutiny could not detect oue grain of powder or the least indication of arti ficial color. I will state my reputation that on any face I can give the most delightful com plexion and color with Eugenic Enamel and Rose Bloom, and that no one could possibly tell that the complexion or color were artificial. This is high art in cosmetics. They are each more, harmless than any other cosmetic iD tho world, tiecause they are each dissolving in their na ture and thus does not clog the pores. When using these superb cosmetics you may wipe the dust or perspiration from the face without marring their delicate beauty. They remain on all day. or until washed oft. Price of each, fl; the two sent anywhere for $2. For sale by all druggists. F. VV. Braun & Co.. wholesale agents, I.os Angeles. CONSULT YOUR INTEREST If you wish to sell or buy Second-Hand FURNITURE, CARPETS OR TRUNKS. Be sure and give us a call. We have In stock a large variety of goods too numerous to men tion, all of which we oner cheap for cash, or will sell ou installments. W. Y. MARTIN & BRO., 10-10-:>m 451 S. Spring st., Lock box 1921. notice:. NOTICE IS HEREBY GIVEN, THAT I have this day sold my Men's Furnishing Goods business and Shirt Factory to Mr. Julius M. Martens. All bills receivable or payable will be collected or paid by the undersigned. KVAN E. EVANS. November 18,1H90. ll 19 7t -a ?RI HcREAMo^ Baking Powder. 0 @_mA:MQSt Perfect Made^^^-© A Pure Cream of Tartar Powder— Superior to every other known. Used in Millions of Homes— 40 Years the Standard. Delicious Cake and Pastry, Light Flaky Biscuit, Griddle Cakes Palatable and Wholesome. No other baking powder does such work. BANKING HOUSES Main Street Sayings Bank and Trust Co. NO. 436 SOUTH MAIN STREET, I.OS ANGELES, CAL. Incorporated Oct. 28th, 1889. CAPITAL. STOCK, - - - - $200,000 J. B. LANKERSHIM. I'rest. F. W. DkVAN, Cashier. CHAS. FORMAN, Vice-Prest. STOCKHOLDERS. Chas. Forman, J. B. Lankershim, J. H. Jones, Daniel Meyer, A. H. Denker, E. Cohn. Pierre Nickolas. O. T. Johnson, (i J. Griffiith, I. W. Hellman, M. Weiler. Wm. S. DeVan, I.N. Van Nuys, H. W. O'Melveny, J. J. .Schnllcrt, «co. 11, Pike, H. W. Stoll, Wm. U. Kerckholl', E. K. Hewitt, Wm. Haas, Richard Altschul, F. W. DeVan, A. Hasp, L. Winter, E. Oermaln, C. C.arnler, Mrs. M B. Mansfield, B. B. Young, Kaspare Cohn, R. Cohn, A. W. Schollc, S. Haas, 11. Newmark, S. C. Hub bell, H. Wilson, Mrs. A. L. Lankershim. The Design for this Institution is to Afford a Safe Depository For the earnings of all persons who arc desirous of placing their money where it will be freo from accident, and at the same time be earning for them a fair rate of interest. Deposits will be received in sums of from one dollar to five thousand dollars. Term deposits in sums of fifty dollars aud over. We declare a dividend early in January and July of each year. Its amount depends on our earnings. Five per cent, on term and from three to four on ordinary. Remittances to all parts of the world. Letters of credit and Cheque Bank cheques issued to travelers. Money to loan on mortgages. Bonds and dividend paying stosks bought and sold. For further particulars, circulars, etc. address the Bank. GERMAN-AMERICAN SAVINGS BANK, No. 114 Sovitli Mwin Street, Lost Angeles. CAPITAL. STOCK, - $100,000 E. N. McDONAI.D, President. VICTOR PONET, Treasurer. W. M. SHELDON, Vice President. LOUIS LICHTENBEROER, Vice President. M. N. AVERY, Secretary. P. F. SCHUMACHER, Asst. Secretary. Deposits received in any sums over One Dollar, and interest paid thereon at the role of Three per cent on ordinary deposits and Five per cent ou term or long time deposits. First mortgage loans made on real estate at lowest current rates. 10-lfi-Orn Citizens' Bank of Los Angeles, CORNEI? ATsTT> SI'KING STS. CAPITAL., $200,000 OFFICERS: T. B. C. LOWE President. T. W. BROriIEItTON Vice-President. F. D. lIALL Cashier. DIRECTORS: T. B.C. Lowe, H.L.Williams, C. F. Cronin, L. W. Blinn, T. W. Brolherton Transacts a general banking business; sells exchange; discounts notes; accepts accounts subject to Check; pays interest on time deposits, (live us a call. 11-11-lim JH TELEPHONE: 546. <*Qjffl HELLO! Will & pii, yR&i THANKSGIVING / Half-dozen Quart Cans Fresh Eastern itgfOYSTERS! 50 c A OA N. 441 and 443 S. Spring St., bet. 4th and sth. J READ! READ! ■§f |IF Another prominent landmark in the mercantile :>) j? business to the front. !jf the Mcdonald shoe house, g« 118 NORTH SPRING STREET, '- jda Under (he management of A. S. McDonald Cfor 'ijflH merly of McDonald & Fisher). Ladies', child f ren's and gents'fine footwear. Everything new ; j« direct from the best factories. Call and examine t* a *^^S^^o^ J \ TfOr ~goods and prices. Everybody invited; old '[.:*.' customers and new. 11-2 D lm SPECIAL NOTICE. The undersigned has purchased the stock of MEN'S FINISHING GOODS AND SHIRT FACTORY Of EVAN E. EVANS, 106 South Spring Street. The reputation of this house for keeping the best goods the market affords is well established and will be maintained. The stock has been bought for cash at a price which admits of a very LIBERAL REDUCTION From former prices, and will repay your personal inspection. JULIUS M. MARTENS, (Successor to EVAN E. EVANS.) 11-22-1 m _W SOL'TH FIELD WELLINGTON LUMPS WHOLESALE (j) Tha Best Domestic Coal In tbe Market. Oak, Pine and Juniper wood sawed and split to Order. HANCOCK BANNING. Importer of 8. F. Wellington and Foreign Steam Coal, YABD, 838 N. In Bt. Telephone 1047. m29-tl OFFICE, 130 W. Seoorl St. Telephone /