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THE DAILY CAIRO BULLETIN r FRIDAY MORNING, MAY 16, 1884.
XT I - - - Ikl. AAlnittll LAMA llniti Of loci -5 cent i
nuucvn in hip """ -
, onelueerUon or per wak.
;1XR KKNTMy cottnifa. South
't alar comet fouls,... A- rK
WANTKD AiKNT8-To ellc;t order tot the
Fell Trade, r t term aldre.a with ref.
H, j. ri.ipp.'M '
iirAfiTKU KXI'BHIKNUfcU BAI.KHM UNTo
II pul In aome capital end run rang of men In
thene'd Oiva full particular of what jroacau
ANTED LOOALAUKNTS-'l'o anil and deliver
i nn oitmmiiltnll A aiutA r.hatira f II ft callable.
caaraetlo end truatwnrthrman.
8. C. PALMEH, Blooming-ton, III.
: There Will b t Stockholder meMltig of tlie
lll'.nole Iron and dial Company at inwr u.'llc In
Cairo on the aitth day of May, at J a. in.. lr tne
i pqrDOaeof elocl.B nine director and tho traneeo
" tlon of ucn other bulnei.ai may proiwrly come
before tho meetlnr. C O (iUOf KB T. I'rja.
W. B. COUMAN, Soc'y.
The Daily Bulletin.
OFFICIAL rAl'Ett OP alkxandek countt
EXTBIIKD AT THB CAIRO rOBTOFFICB FOH
TRANSMISSION TflHOUGU TUB MAIM) AT
8KC0ND CLASS RATES.
GENERAL LOCAL ITEMS'
Additional locals on third pnjjo.
DEMOCRATS, attend the primaries
htthe usual voting places ta-day, at 80'
clock p. m. Turn out, all I
Ice, wood sad kindling, at City Brew
cry, Jacob Klee. tf
Mrs. neury Wells and Miss Alice Hen.
derson left yosterdiy on the steamer Ohio,
for Ciuoinuati to attend the festival.
Bargains in two Brussels Carpets must
be sold this week at the resident of II. C.
--Three of tho laborers on Mr. A. T,
DoBitun's new house had a bad fall yester
day, but fortunately escaped being injured
Fon Sai.b A 70 barrel water tank
made of 2 inch pine c mt $55 a year ago,
will sell for $40. Enquire at The Buu.k
tin office. 51 1
Deputy Sheriff Fitzgerald nnd Mr.
Louis C. Herbert yesterday conducted Mrs
Margaret Herbert to Anna, to bo placed in
the asylum there for mental derangement
The "New York Bells" anil "Burbank"
. potatoes, the finest cntinsf potatoes in tho
country, for sale iu any quantity desired at
W. M. Cundiu", on Eighth Street. It
Judo J. II. Mulkey was in the city
yesterday anil met with pleasant smiles nnd
hearty haud-sbakinns from frionds at every
square as ho went along to and from the
homes of his relatives here.
A largo commodious hoarding house
to rent in a good loca'lon on corner 82nd
street and Commercial Avenue. Inquire 0
R. Walsh, Commercial Avenue, between
19th and 20th streets. lw
The journeymen carpenfois of this city,
to the number of twenty five or more, met
at the Delta engine-house last night and
resolvod that after Monday morning they
would not work for less than $3.00 per day.
The notice to this effect appears in special
locals this morning.
Last call Partit s desiring bargains
in furniture must call this week at 101
Commercial Avenue, up stairs. All goods
remaining, on hand will bo Bold out at
auction,vMay 20th. 11 6t
Inspector General E. B. Hamilton, of
the Illinois National Guards, will be here
next Saturday to iuspect the Halliday
Guards, of this city. Tho boys have been
doing somo good work in the way of pre'
paring for the ordeal, and will, no doubt,
come forth creditably.
The ladies of the St. Joseph's Church
are leaving nothing undone to make their
fairjat old Reform Hall the first days of
next week the grand ovont of the season.
Don't fail to attend. It
The Grand Jury finished Its work and
disbanded yesterday forenoon, having been
in session two days and a half. It did its
work neatly and quickly, for which it was
duly complimented by the Court. Its re
port as to the condition of the county jail
was flattering to those who in charge of it.
The cells were kept clean and the prisoners
were well fed, at least none of them com-
fc plained of having to subsist exclusively on
cashtard poi and sponge cak.
; Any one who will promenade Blowly
down Commercial Avenue on a pleasant
evening, scrutinizing as he goes thoyouths
who line the walks, in various attitudes, on
dry gsoda boxca and in front of show win
dows, will not fail to be convinced that the
season has now arrived when the young
man has his hair cropped tight; and you
may be sure that if you speak to him as a
friend and net notice bis hair (?) in any
, way or pass your hand gently. over hia bead.
! you will break his heart.
' , Ed Smith, a negro confined In the
county jail for burglarizing; 8. Mann &
Bro's store some montb.3 ago, pleaded guilty
to the charge before Judge Baker yesterday
. morning and was sootenced to one year in
; the penitentiary. William Johnson, one of
Y the fellows who burglarized John Foster's
itore, up in the county, also pleaded euilty,
but the Court will withhold aenteuce in
' his case until his compaaions in the crime
' shall hava been tried. Court adjourned till
to-morrow mornig at 0 o'clock.
, One of the prisoners in the county jail,
a young ncgreei mmed Lizzie Horn, was
released from custody yesterday, States'
- Attorney Leek Laving entered a nolle pros,
r'-titer caie. She had been confined in the
vwHor fire weeks under a charge of steal
ing somo clothing, and during that timo
had given birth to a child, for which she
had no clothing but shawl in which she
had wrapped it up. When released, tho
jailoi gave her a dollar, and the other offi
cials ot the Court nouso also contributed
each a small sum to enable tho young
mother to purchase a few necessaries.
Next Sunday the Cairo Commandery
of Knights Templar will hold thoir annual
uiomorial celebration at Boech Orove Cem
etery over the tombs of tho departed
Knights resting there. Tho colebration
will be a grand afftlr, for it will be attend
ed by Conimanduries from Jackson, Tenn.,
Paducah, Ky., Metropolis, Bullevillo and
other towns in Illinois. A special train on
the Illinois Central will convey tho party
there and back. The ceremony is that pre
pared for such occasions by the Cairo Com
mandery sumo time ago. The Cairo City
Band will also accompany the party.
It the Argus of last evening quotes
Alderman Woodward correctly, that gen
tleman entertains a very gloomy view of
the city's financial condition; a viow that,
to our mind, is not at all warranted by the
roality. But the question is, does the Argus
quote him correctly? In view of tho I act
that Alderman Woodward served a term in
the Council some years ago, during which
he must havo gained some
knowledge of public an"airs, and
has. iloubtlesj, siuco his latch
election, given tho nflairs of the city con
siderable attention and knows tho truth,
we are inclined to bolicvo that tho Argus
does not do the Alderman justice. It is
true, Alderman Woodward was not in the
Council whon that body had to contend
with the great dangers which have threat
ened us in the last few years, and did not
have to rack his brain to provide ways
and means to protect the city against what
would certainly have proved its utter ruin.
To accomplish this was sn absolute neces
sity and required some nice financiering un
der the circumstances. Kut Alderman
Woodward kuows, if ho knows tho truth,
that there was not a dollar expended need
lessly and uselessly. As a result of all thifi
the city is in splendid condition so far as
security is concerned, and it is also in good
condition financially, considering tho dilll
culties that had to bo met and tho work'
that was done. While it ib true, as the Ar
gus makes Alderman Woodward say, that
there aro thirty thousand dollars of antici
pation warrants outstanding, it is also truo
that they were isiued agaiust a Ui levy
of forty thousand dollars which the sheriff
is now collecting as rapidly as possible.
As for the fear that tho collection will fall
short of the amouut in which tho taxes
were anticipated, it is not reasonable at all.
It was to provide,! against just bucIi an
emergency as this, that tho ordinanco was
Adopted limiting tho amount of anticipa
tion warrants to two-thirds of tho amount
ofthe tax levy; and tho fact that, in spite
of tho heavy extraordinary expenditures
the city was compelled to make, there lias
not been one dollar anticipated abovo tho
limit established by this ordinance, is mat
ter for congratulation. It would have been
preferable, indeed, to have been able to do
the work necessary and carry on the city
government, without issuing any anticipa
tion warrants; but, then, that would hove
involved the necessity, either of avoiding
the unavoidable and accomplishing the im
possible, or letting the city go to tho devil
by way of the Mississippi or some other
route less damp, perhaps, but equally un
pleasant. Alderman Woodward knows, no
doubt, just as well as we do, that the an
ticipation warrants are limited in time to
one year, tho year againBt the tax levy of
which they are issued ; that they must bo
paid out of Bttid levy and that the interest
on them ceases after that yoar. So that all
the floating debt tho city can possibly have
at any time, will be seventy-five per cen
tum of the tax levy for any one year, and
this debt must of necessity be extin
guished AT THE END OF EACH. YEAR OUt of
the taxes levied for such year. The Alder
man knows, also, no doubt, that the proba
ble wants of the city government for van
ous purposes during any one year are esti
mated in advance by the City Comptroller;
that this amount is appropriated by the
Council, and that the property of the city
is levied upon for such amount less the
amount expected to be derived from licen
sea, etc. Thus the tax levy itselt becomes
a limit for each year, beyond which tho au
thorities cannot go in their expenditures
that year. When, therefore, the Argus
makes tho Alderman express tho fear that
thore will be an increase of the floating
indebtedness rf the city, we must conclude
that the Argus docs not represent the Al-
deuuan correctly. The Alderman's deter
ruination to have the affairs of the city
economically administered is commendable
and will be endorsed by all classes of citi
zens alike; but we venture to say' that he
will find It difficult to inaugurate greater
economy than has been practiced in the
past, without seriously hampering the city
government and injuring the city in various
ways. In our opinion, that is the true econ
omy which Is suggested by the old saw,
"a stitch, in time saves mine," which may be
changed to, "a shovel full of dirt now may
prevent the need of a ton," "a dollar now
may save a hundred. The city is slowly
but surely approaching a better state in
every way; an attempt to hasten its progress
undulyrwill bo sure to prove injurious if
not disastrous. Let good enough alone'. .
Mr.. Gilbert Cole, Wayne, Wayne Co.,
Micb., says he has used the wonderful pain
reliever, St. Jacobs Oil, and can truthfully
say, it cured him of rheumatism. s
LIGHT IN THE DARKNESS,
GlcaniH of Hope, Like Hays of
Ktiiiftiilnc, Penetrating tho
(J loom of Wall Street.
Confidence Partially Restored, and
Prices Advancing The
Worst Is Over.
The New Suspensions More Than Balanced
By the Kesumptions lolgor
M Comes to the Eesoue.
Effects of the Panic at Other Points
The Kansas City, Mo., Banks With
stand a Heavy Run.
Bradford, Pa., Contributes a Failure to
the General Fund of Disaster
From an English Standpoint.
At the Stook Exchange.
Nmv YoitK,"May 15. Money continues
to loan at six per cent, sharp. Exchange
weak and lower; rates reduced to 487 to
48ii. Government's firm. Currency, C's,
ITJ bid; 4'h, coupons, 120 8-4 bid; 4 1-2's,
do., 110 bid. The feeling of alarm and
mlHtriiMt in financial circles continues un
ubuted, and the opening of the Stock Ex
change thiH morning was awaited with
even more fuverlnh anxiety than yester
day. Tho announcements made last
evening that tho bauks have agreed to
pool their capital for the purpose of self
protection did little to relieve the anxiety,
ut leant ho far as brokers and speculators
were concerned, and many asserted that
while this arrangement would greatly
aid tho banks, there was little
comfort to be derived from their action
by tho speculative fraternity, inasmuch
u tho market would not be relieved, and
an the bunks would Insist on absolutely
llrst-class security for loans. "Tho bunks
contiiuio to call in the loans on stock col
lateral, and this In Itself Is forcing blocks
ol stock on tho market every moment,"
saul a well-informed broker this morning,
"and I fail to see how their action will
In anyway benefit tne situation or stop the
avalanelio of stock that Is steadily
pouring on the market. Then, too, out-of-town
holders have become demoralized
and ttre unloading as fast as pos
sible. Better times cannot bo
looked for until the selling and squeezing
out proecHS ceases." The streets In the
vicinity of the Exchange began to fill up
shortly after eight o'clock, aud by nluo
Wall, Broad and New streets were almost
impassible. Tho same scenes enacted
before the opening yesterday are going
on, and a casual observer would not
think that a night had elapsed since tho
rampant, wild excitement of tho preced
ing duy. When the Exchange opened
an excited crowd rushed In and the
opening sales were watched with Intense
Interest. As stock came out It was
apparent at once that strong bands had
joined together for the purpose of sup
porting the market. The first few trans
action showed that values were not only
being held up, but advanced; and before
tho llr.st hour prices were jnmplng up al
most as rapidly as they had declined the
day before. Tho Improvement ranged
from 1-2 to 2 per cent. Business was
hardly fairly under way, however, when
the gavel of the chairman was heard
vigorously hammering attention. The
hubbub ceased lor a moment and
a ruHh for the railing In front of the ros
trum cnauod. When order was compar
atively restored, President Hatch an
nounced that A. W. Diinock, President of
the Bankers' & Merchants' Telegraph Co.,
had notified the Exchango of his Inability
to meet his engagements. The announce
ment was greeted with a wild yell, and a
rush on the part of some of the more
timid operators Ut sell. The effect of
their selling, except in the instance of
stock of the company of President
Dlmock, was scarcely perceptible, and
the Bankers' & Merchants' tumbled in less
than ten minutes from 119 to 45; but
transactions were on a comparatively
small scale. Several hundred shares
of stock were also sold under the
rule for accouut of Dlmock, and after
a momentary pause the advance once
more began. At mid-day the announce
ment that the Metropolitan Bank had
resumed materially, aided the hope
ful feeling, and greatly accelerated the
buying movement. At one o'clock the
best figures since the opening were
realized, current prices showing an ad
vauce of one-half to four per cent.
Nkw York, May 15. The proposed
amendments to the constitution of the
Bank Clearing-House Association are as
follows: "In case of tho refusal or In
ability of any bank to promptly refund to
a bank presenting such checks, drafts or
other items and they are returned as not
good, the bank holding such checks,
drafts or other Items may report to the
manager the amount of same and It shall
be his duty with the approval of
the Clearing-house Committee to take
from the settling sheet of both
banks the amount so reported and adjust
the Clearing-house statement accord
ingly; provided that such notice be given
to the managers before one o'clock of the
same day. The Clearing-house Commit
tee shall also be empowered, whenever It
shall consider it for the Interest of the
association, to examine any bank a mem
ber of the association, and require from
any member securities of such amount
and character as said committee may
deem sufficient for the protection of bal
ances resulting from exchanges.
Note of the Conflict.
Nkw York, May 15, 10:80 a. m. Henry
S. Jacques has just been elected Presi
dent of the Metropolitan Bank, In place
of George J. Seney. The officers of the
institution have posted a notice that the
bank resumes payments at eleven o'clock.
lluatsell Sago is paying all demands on
his privileges as usual this morning.
Nelson Kobinson & Co. have no hope of
The Metropolitan Resumes.
New York, May 15. The Metropoli
tan National Bank resumed business
at noon, and crowds ot men are
going in and out of the Bank, but
there - is no excitement and little
demand for money or pressing from
depositors. The paying teller has over
one million five hundred thousand dol
lars in bank notes on hand to meet
obligations as presented,
Foreign Exchange Dsolinss.
New York, May 15. Tho foreign ex
change market declined from $4. 8 8 to
4.U0 to 94.tl7to4.8D, through tho offering of
loan bills on large amounts, and also by
drawing of money from London by cable
to be used here at the expected high
Exoltement at Bradford, Fa.
Bradford, Pa., Muy 15. The Tunna
Valley Bank closed Its doors this morn
ing. A run was made on the First Na
tional Exchange and Bradford National
and Dow, Fiilluges & Coleman, maluly by
small depositors. Heavy deposits have
been made by several prominent brokers,
and It is thought tho First National will
como out all right. Excitement prevails
on the street but no panic. Tho Tunna
Valley is thought to he solvent, but fear
ing a run, closed Us doors until the ex
citement passes over.
Hatch, of Foote & Hatch.
Nkw York, May 15. Mr. Hatch, of
Foote and Hatch, just suspended, Is
Prcsldeut of the Stock Exchange. Tho
house has been one of tho largest
dealers in Government bonds In the
The Flurry at Kansas City Ended.
Nkw York, May 15. Money Is now
loaning at one-quurter percent, per diem
It is stated that many bauks are loaning
money at a premium on tho street
through brokers. The Clearing-house
has just Issued 9400,000 new loan certltl
A dispatch from Kansas City reports
that the bunks are now paying depositors
In lull and the Hurry Is over.
Hatch & Foote Hope to Eesume.
Nkw York, May 15. Hatch & Foote
,say that a statement of tho firm's position
will probable be ready late this afternoon.
The suspension is declared to be chletly a
precautionary measure. 1 uey are hope
ful of resuming business In a week or so,
if the market is favorable
The Government to the Rescue.
New York May 16. Assistant Trans-
uror Acton has been ordered to pay from
now until June I, the bonds embraced in
the 125th, 12(ith and 127th calls, with ac
Folger's View Connor's Prediction.
Washington, D. C, May 15. Secre
tary Folger has returned to Washing
ton, and was at the Treasury Depart
ment this morning. He said he took
a 'hopeful view of the situation and
bellevod the worst was over, and that
the Department would probably take
further action to relieve the financial
Couuor, Comptroller of tho Currency,
received a number of private dispatches
this morning, all of which are of a hope
ful and reassuring nature, nnd he confi
dently predicted that the panic was sub
siding. Suspended at the Hub.
Boston, May 15. F. A. Hawley & Co.,
bankers and brokers, have suspended.
They were regarded as a house of good
standing aud supposed to be doing a
profitable business. Mills, Standard &
Co., small brokers, huve also suspended.
Heavy Deoline in Bankers' & Mer
chants' Telegraph Company.
New York, May 16. Bankers' &
Merchants' Telegraph stock, quoted yes
terday at 119, is now selling at 45 regu
lar, 60 cash, owing to the suspension of
A. W. Dlmock & Co. Dimock Is Presi
dent of the Bankers' & Merchants', and
a largo block of stocks were Bold out un
der the rule for his account. The offi
cers of the Hankers' & Merchants' Com
pany say that Dlmock's failure will not
In the least affect the standing or opera
tions of the Company.
Holding Back for Higher Bates.
New York, May 15. All stocks which
were loaned yesterday st a premium were
renewed flat to-day, ad fresh loans of
money were made at 3 to 6 per cent.
Money at noon, 6 bid, with loaners hold
ing back for higher rates.
Foote ft Hatch.
New York, May 15. The suspension
of Foote & Hatch has just been announced.
Exoltement in Bleecker Street.
New York, May 15. There is a run
on the Bleecker Street Savings Bank to
day. At noon the lines of depositors In
tending to withdraw deposits extended
many feet on either side of the bunk.
From appearances a heavy draw Is ex
pected. A Bun on the Banks of Kansas City,
Nkw York, May 15. Dispatches re
ceived from Kansas City state that there
is a run on all banks there to-day, but
I they are standing together and paying
uepusiburs tneuiy per vent 01 deposits,
Panlo Eohos From Abroad.
London, May 15. The panic in New
York yesterday has very little effect on
the stock market to-day. With the excep
tion of a small decline in several Ameri
can railway shares the market was steady.
The news being received early last even
ing, gave timo for calm reflection, and by
the time the Stock Exchange opened this
morning a general feeling prevailed
among the brokers that the depression
and panicky state of the New York mar
ket was only temporary, and that to-day
would see a reaction almost, If not quite,
equal to the decline yesterday. Still thero
is very little doing in American railways,
and news of tho condition of af
fairs in New York is calmly awaited,
with the belief that tnose who lost their
heads in the flurry yesterday were to be
come satisfied that the alarm was not
well founded and that there Is still a
market for American securities. In an
Interview with a leading member ot the
Stock Exchange, he stated that he had
large orders from Americans here to buy
American railway shares at figures a
very little below to-day's prices.
Orders were received also from
Americans In Paris, Berlin and
other cities to buy In case there was
much of a fall in prices. "But" said the
broker, "we have not been able to fill any
of these orders, as, contrary to - expecta
tion ot the bears, the holders of Ameri
can stock are not disposed to throw them
on the market at present, believing the
depression only temporary and that when
it is over a sharp reaction wUl take
Do Ion Agree With Us ?
It is about liiffli time tho style of business of hood
winking the public with the gifts of Watches and Chaiin,
Clocks, Cromos, ?al Is, flats, &c, is stopped, and the people
Given Full Value Money ! '
Without merit no business can prosper. We give the best
of Goods at the lowest possible price, (iood Goods sell
themselves, and require no humbugiring to convince the
public of its truthfulness. You can not get something for
nothing, and all these gilts (?) cost somebody tomething.
WK BMLIEVR in an IiONESl' BUSINESS. HONESTLY CON
DUCT ED. You can rest assured that you will get a hun
dred cents on the dollar for every dollar you spend with us
We will NOT be UNDERSOLD.
SAMUEL -:- BURGER,
Tho "I'alaeo" Clothier.
This Week's Grand Bargains
-: J. : : Burger's :-
The finest, handsomest and prettiest stock ever brought
to this market.
Our stock is now brimful of now, popular and desirab e
HOSIERY, NECKWEAR and PARASOLS.
We defy competition our stock in
Silks, Satins, Ponque Sills, Nun's Veilings, Cashmeres and Buntings
We are sell1 ng low er than any other Louse in the city.
Would call the attention of the public to our large line of
Carpets in Velets, English and American Duussels. 3-ply
and extra Supers can be found in variety and low prices at
the Popular House of
WM. M. DAVIDSON
STOVES, -:- RANGES, -:- TIN,
Japanned I3erlin and A.gate "Ware,
Bird Cages, Bath Tubs, Water Coolers & Ice Cream Freezers.
Agent for Ailiuns & Westlnko Oil. Gasoline and Gas s toves, Detroit
Safe Co., Hamilton Steel Plows, Chilled Plows, Walking Cultivators,
lorn Shellers. Planters, I te, Etc.
Nos. 27 & 33, cin.
Paints, - Oils, - Varnishes,
Brushes, Glass, Window Shades, Artist's Material, &c.
MAKE A SPECIALTY OF
Mouldings, Picture Frames, CAIR0' ILL
0 7 Telephone No 103
IGngravins and Wall Papers.
By tho ladlea of the Eplacopal Churcb,
at Temperance Hall,
THSiYr,lMAY 15th and 16th.
From 13 to 2 o'clock.
A SPLENDID DINNER with a!l he dcllcaciet of
the Su; bou FuK FIFTY CUNTS.
tStrawborr'ea and Ice Cream with Cake fur
nibbed extra at moderate coat.
COME ONE! COME ALL!
W. 8TRATTON, Cairo. T. BIRO, Mlaaoorl
STMTT0N & BIKD,
No. ST Ohio Lore, Cairn, l'l.
9"AnU American Powder Co..
Glarkson & Bowers,
No. 30 Wth St., Cairo, III.
390004 Block and Prtcei Usaionable.p
CLARK & LOVETT,
lAi. R. SMITH. BOBBRT A. RMITU. 1
Grand Central Store.
C) T HO. - THiTj,
136 &138 Coml Ave.
have received a full and complete line
ol new FJ1 and Winter
Cloaks, Polman8, Notions, Etc.
A he tt atock of Body Brnatela, Taper
tries and Ingrain
A fall flock of Oil Clothe, til ilaee and prices.
thing & Gents' Furnish'g Goodj
A full and complete itock la now being
closed oat at great bargain.
tioodsi at Bottom Prloevl