Newspaper Page Text
VOL. VII.
ARSNG SKIES.;
Wall Street Flurry Seems to
Have About ' Spent
Its Force.
A. Few Weak Establishments
Here and There Top
pled Over,
But Outs-do of Speculative Busi-!
uess Very Little Harm
lias Happened.
•
Revhinsr Confidence and Continued
Appreciation of Investment
Securities.
—..-
--:
Tin* Temporary Depreciation of Govern
ment Uumis :i fifteen-Puzzle
to boleer. >; ,.
Rascally Transactions With Hi/pot luxated
Securities Exposed by the
failure*.
''he Situation Rerieicrd.
(Special Teles-ram to the Globe.l
New York, May 10.—As predicted by Mr.
Gorton last night the panic may be regarded
as virtually over. Bank Examiner Scriba
ha- completed his work and declares there
will be no further trouble long national
b:i!!ks. The stock market lias been com
paratively steady, the fact being due prin
cipally to operations of Mr. Woerishofler, the
great bear operator. There have been two
seusationSjhowever.the explosion of Newark,
X.J..savings institution which closes by order
of Chancellor . myun, afl rits president.Mr.
Dodd,had mady way with $-2,000,000 govern
meut bonds sold by !■;-:. >■>; Hatch to aid
them in tilling over the < rash. This has
brought out the fact that the hypothecation of
other people's securities has been a general
practice among large dealers for a long time
past.-:.;: It is feared investigation into these
transactions will cause the downfall of other
speculating houses. There is great excite
ment in Newark to-night, and the feeling of
indignation against Dodd runs
high particularly among the smaller
class of depositors. Threats of violence have
been freely made, and ii i- said men have
been looking for him with the intention of
having summary revenge. Fie will probably
be arrested at once by order of the chancel
lor.
The other sensation was causd by Ferdinand
Ward's testimony before the referee commit
tee. He admitted freely that the business of
Grant it Ward was conducted wholly on a fic
titious basis, and implicated a number of gen
tlemen who will feel exceeeingly "small 1' in
consequence of the revelations. The
t Ii Mr l! the testimony thus far is to
show that tile sons of Gen. Grant and other
financiers were well aware of the nature of
the business the firm was doing and knew
that it was being conducted on a basis of
prodigious swindling. The testimony given
.'o-day is not calculated to strengthen sym
pathy for these men. After detailing the
number of dubious transactions in which
hundreds of thousands and even millions
were involved lie was asked who were inter
i-.stcd with him in his swindling transactions.
He replied Capt. E. Spicer, Col. Fred.
Grant, Jess« Grant, Jr., James D Fisk, E. 11.
Tobin, ii. E. Tobin*; W. R. Grace, ,1. Nel
son Tappan, W. W. Smith, U. :. Grant and
James i;. Smith."
'•Who is W. W. Smith*"
'•ii.- is a cousin of Fred Grant."
"Can you name any of the directors of the
Msirini bank interested direi I with you '
"J. Nelson Tappan, and Mr. Spencer the
treasurer of the Eric Railroad company."
Ward maintained the utmost coolness while
these astounding confessions were being
ivrung from him.
W.R.Grace Is ex-mayor of the city. Tappan
i. city chamberlain, and Fisk is president of
the defunct Marine ilk, and all are men
who heretofore have borne the highest char
acter. Ward's examination will be contin
ued to-morrow, and as he lias evidently been
forced to the position where lie must make a
clean breast of the whole matter, still further
developments are expected.
[Western Associated Press.]
Ni:\v I'oitK, May 10.—The crowd bound
for Wall sired breakfasted earlier than usual
or perhaps they had headaches which made
them early risers without having much appe
tite for breakfast. At all events, Wall,
Broad, New, Williams and adjacent streets
were thronged with people an hour earlier
than usual prior to the Hurry of Wednesday.
Of course the larger number were merely
lookers on. Ever since the panic on
Wednesday people have gathered in the
vicinity of the stock exchange as though
they expected to sec the earth open and
swallow up the building or to find stocks
declining by falling out of windows.
This morning the outside crowd gathered
as it did yesterday, but afterj chattering and
staring at the building for an hour it thinned
out very perceptibly.
OS THE BOARD.
The gong sounded at 10 a. m. for the be
ginning of business and there was the usual
noisy hubub but scarcely so much as might
luive been expected at such a time. The
galleries were filled but not over crowded, a
large number using ladies. Two hours
■.:;--(■! with nothing unusual to mar the pro
ceedings ol the bear garden and then the
failure of 11. C. Hardy a: Sons stock brokers
was announced. They were not large
operators and except that the
announcement made a nervousness lest
something serious might happen, there was
no visible effect from the report.
A3 the day wore with no seriously unfavor
able reports from any quarter, greater confi
dence existed and when the settling hour
passed with no new failures, there was a
feeling that the period of semi-panic is over
and thai monetary affairs will gradually re
turn to their accustomed condition.
Kotes of the Street,
Fisk & Hatch kept their office open all day
for those desiring to consult the firm, bat no
business was transacted beyond receiving
claims and lix'sng a basis of settlement Mr.
Fisl said many depositors and other credit
ors have expressed their entire confidence
end notified them that their claims will not
be presented.
There was some wild talk to-day about
closing the stock exchange, but it is treated
with ridicule, as no necessity exists for such
action, speculation being in no sense panicy.
An old member of the board says the deal
ings are less flurried than on many occasions
when no particular cause existed for excite
ment.
Hardy & Sons' offices are at 10 Wall street.
They state their suspension is unaccountable
at present.
The clearing house committee have loan
certificates ready for instant delivery, with
the express determination to use them liber
ally, with the view of relieving without delay
any stringency in ths money market. Man
ager Camp, of the clearing says the
banks arc availing themselves more freely of
the certificates and §10,000,000 -were issued
to-day.
The Yanderbilt brokers say their chief
will reach London Monday, and they expect
to receive heavy orders from him to buy.
At the sub-treasury $3,500,000 legal ten
ders were paid out this morning. This
strengthens the bank reserve. Brokers re
port more willingness on the part of banks
to make loans. Large amounts came from
Canada and heavy transfers have been made
from the other side.
A London cable of 5 p. m. says that since
4:50 there was a strong downward tendency
in American stocks, Lake Shore especially,
prevailed. The street was crowded.
HFisk & Hatch have posted a notice saying
that the coupons of the Central Pacific rail
road bonds are payable at the ollice of the
company.
The clearing house banks agreed to ad
vance twenty millions on government bonds
if necessary to protect the market.
Attachments were granted here against
the property of Hawley & Co., am! in favor of
Boston parties, aggregating $14,000.
Vice President Temple, of the Orange
Judd company, says he was a stranger to
Judd personally, and it was not the Orange
i .Tudd company who inflicted the losses'on
Bogart it Co., by negotiating his own and
other paper. Orange Judd's control of that
company ceased several years before he
failed.
At the sub-treasury large amounts of green
backs and silver certificates were paid out to
savings banks,
Bank Examiner Scriba telegraphed to
Washington to-day that the trouble was all
over, so far as the associated bunks were con
cerned.
STRAIGHTENING UP.
The suspended firms are all busy straight
ening their affairs. Goff it Raudle will not
have a statement before next week. Diniick
A: Co, state that they want some time to ad
just their accounts Hatch it F001..-, Bogart
&Co., Hotehkiss & Burnham and J. C. Wil
liams, con not give anything definite as to
the state of their affairs. Nelson, Robinson &
Co. expect to resume in a short time.
r.UXN'IXG small BANKS.
The run on the Emigrant Industrial Sav
ings ban"k was abated to-day; $160,000 was
paid out yesterday. There was no run to
day on the Manhattan Savings bank. The
Greenwich bank run also ended to-day.
There was a run on the German Savings
bank to-day, mostly of women. The teller
is paying gold.
There was a run on the Seamen's Savings
bank, but the depositors were paid.
The excitement at the several Brooklyn
banks ha calmed down. There was nothing
that could be called a run on any savings
bank to-day. The Atlantic State bank of
Brooklyn was open to-day, but no business
will be transacted till the bank examiners get
through.
WBT FISK & HATCH FAILED.
C. P. Hunttngton, president of the Chesa
peake & Ohio railroad, was interviewed re
garding the statements that Fisk <fc Hatch
had been embarrassed through holding the
stock of that road or the Central Pacific, lie
responded that the reports were untrue. I
know the firm has not any Central Pacific,
and I think it caneot hold any Chesapeake &
Ohio. Before the panic of '73 the linn field
most of the Chesapeake it Ohio shares, but
may have some still, possibly 1,000 shares.
President Baldwin of the Fourth National
bank, who knows the firms affairs intimate
ly, confirmed Huntingdon's statements and
said the whole cause of the firm's trouble was
the decline of governments.
AFFAIRS BECOMING SETTLED.
A visit to the various banks on the street
found matters progressing in the usual rou
tine. The Bank of Commerce has not at
any lime been in the slightest trouble. The
officers indignantly deny the rumors circu
lated, and say that inslsad of a deficiency
they had a substantial balance in their favor.
At the Metropolitan bank business is going
on as before the temporary suspension.
Examiner Scriba reported to the comp
troller of the currency that tile institution is
' doing nicely. The rest of the banks are run
ning as usual, and affairs seem to be again
settling down.
SAGE SQUEALS IN' SETTLING.
Sage is not taking stocks on privileges
this morning, but is making settlements by
giving checks on differences. That is, in
stead of paying for stocks in full, he gives
holders his puts lor profits accruing on tran
sactions. This saves him the paying of a
large amount of money, but his action will
compel brokers to sell the stock which they
bought expecting he would, as has been his
custom, receive them on his puts. This is
equivalent to settling at a discount, as the
broker has to sell the stock at the market,
which is likely to be below the ling price
with Sage. This action is denounced as an
outrage. Although the stock exchange do not
recognize dealings in privileges, yet mem
bers are required to have an office where
tiny could be found during business hours.
This is not the case with Sage. Russell Sage
stated to Jay Gould that he had settled more
than three quarters of his puts and will con
tinue settling up as fast as the force can
figure up accounts.
I>ONNELL, I.AWSON" A SIMPSON.
A representative of the Associated Press
visited Donnell, Lawson & Simpson, and
found a full force of clerks unravelling the
accounts. They expect to make a statement
this afternoon. They worked till ■: o'clock
this morning but owing to the diversity of
their interests, and the fact that the business
was so widely distributed, they were not able
to make as much headway as wished.
A CALL NOT ANSWERED.
New York, May 10. Washington advices
state, that the sub-treasury here reports only
$109,000 of bonds offered for redemption
under Seerelary Folger's proposition to re
deem ill anticipation of the date of the call.
The excess in the treasury is $152,575,659,
which is $14,000,000 above the legal reserve,
therefore there is sufficient for another cal
if necessary.
RETURNING COLLATERALS.
Fisk it Hatch to-day turns over 82.500,000
of securities left with them for safe keeping,
and are prepared to return all securities de-
I posited with them as collateral for loans as
soon as the latter were paid off.
THE DISTURBANCE OVER.
There seems to be a general impression in
Wall street circles, that all danger of a con
tinuance of the disturbances of the past few
days is over.
BEECIIER TALKS, OF COURSE.
New York, May 16. — The Rev. Henry
Ward Beecher was discovered on Wall street
this evening, and he regarded it as the
settling up of the speculators. In regard to
General Grant, he thought he had made a
great mistake in going into Wall street, but
he was not to blame, because rogues had im
posed upon him, and this was the feeling, he
said, of every man in the country. He also
referred brielly to George I. Seney's troubles.
Cyrus Wjmeld's Opinion.
Xew York, May —Cyrus W. Field
says, in the Mail and Express: Prices are
now so low that no further decline ought to
happen in any real good stock, and the
country has every reason to expect a pros
perous year. Crop prospects are excellent.
There is no more depression in general trade
■ill I . " .j.i ■; - .'_
than would naturally be expected from the
heavy decline in stocks, and I see no reason,
why there shonU not be a great business re
rival the coming season.
"What, in your opinion, Ima brought the
crash in Wall street;"
"Reckless speculation by men who have
no right to speculate. Officers of bauks,
presidents Of railroads anil other important
companies. The practices which have
brought disaster to three of our national
banks, ought to be strictly prohibited, and
institutions which make a business of loan-
Ing money ought not to be in the market as
borrowers. It is not safe to permit the
officers of banks, trust companies or other
institutions, which have large sums of mon
ey to loan, to speculate, and be borrowers
of money for themselves or their friends for
large outside operators. The whole commun
ity may be made to suffer by the results of
such practices."
The Other Exchanges.
New York, May 10.—Business matters at
the produce exchange have rather a glooniy
look, although no failures or rumors of fail
ures are current. Trade is not disposed to
operate at any considerable extent. Shippers
operations are cheeked by the extreme diffi
culty in selling sterling exchange. Prices
are all lower, and tending downward. The
leading members arc quite hopeful that there
will be no panic on the produce exchange,
but some members are discouraged at the
outlook of financial affairs in Wall street.
At the petrolium exchange this morning,
prices broke BJ^ or from 7:'>''.j' at the close of
yesterday,down to 05. There was some excite
raent, but prices afterwards recovered about
4, standing at 12:25 at CD. No failures re
ported.
Cui-a From Donnell, Zaicxon & Simpson.
New York, May 10.—Donnell, Lawson &
Simpson, who failed, handed this card to the
Associated press reporter:
To our Creditors: Sirs—lt is with great
sbrrow we are compelled to report our sus
pension, which has been brought about by a
combination of circumstances over which we
had no control. We can only request, those
having claims against us to extend such
consideration and indulgence as possible,
as otherwise our assets may lie sacrificed to
the prejudice of all parties. As the best
means of realizing from our assets and se
curing our creditors, we have mad 2"v as
signment of all the assets of the firm, and
also the individual assets of each member of
Urm wherever situated, to our confidential
clerk, R. H. Weems. who has been in our
employ for twelve years, and is as well ac
quainted with our business, and the char
acter of the assets as any member of the
firm, and under his management
with the assistance of every member of the
firm, who propose to give him every possible
aid in executing his trust, we feel warranted
in saying that by this means every dollar,that
can possibly be realized will be secured. We
hope to lie able to pay all our liabilities, if our
business is prudently managed, and our
assets not forced to be sacrificed, and we
hope yon will concur in and endorse the plan '
we propose. (Signed)
liiiN'sr.i.i. Lawsos A: Simpson'.
The firm supplemented the above, with the
oral statement, that tiie asssignment was
made with a view to protecting everybody,
both large and small, and was only deter
mined on when parties in tin; west began at
taching the property of the concern. Each
mail brings in remittances to the firm which
are being turned over to the other banks as
fast as instructions to that effect are received.
ELSEWHERE.
V 1,-trt <1 From Chicago.
[Special Telegram to the Globe.]
CHICAGO, May Hi.—That New York's fi
nancial troubles are not yet at an end is
plainly apparent. Every speculator on
"change governs his operations closely ac
cording to reports concerning the eastern
situation. Although a better or more favor
able time for a panic here could hardly hove
been chosen, nobody is particularly desirous
of courting anything of the kind, ami there
fore every operation is based on something
thai will aid in protecting Chicago.
The private wire owned by Messrs.
Schwartz iv. Dupce was busy this morning
asking for and transmitting the latest devel
opments on Wail street. From this source
it is learned that the morning found the
street in a cheerful mood, but that there is
an undercurrent of excitement which appears
to bode ill for somebody whose influence is
widely felt. One dispatch said it was the
general feeling that a big failure in the trade
to-day was almost sure. It said further that
a rumor was in circulation in effect that I!us
sell Sage had settled some
of his privileges at 50
cents on a dollar and that there is strong
talk of closing 'change if banks call any
more loans. It is not surmised from these
reports th at Sa^e is in imminent peril, in
deed such an idea is laughed at, and the
rumor of his sacrifices seems somewhat in
consistent when it is known that Wall street
is now receiving substantial aid from across
the water. Foreign buying this morning of
all pood securities is reported to be very
active and most favorable to a speedy and
satisfactory adjustment of the difficulties
which now harass New York speculators.
The feeling on 'change here is that while
our markets are becoming more and more
affected by what occurs on wall street there is
not much danger of any similar trouble
here. For years the banks have not been in
such good condition as at present. If a
panic had been anticipated better prepara
tions could not have been made for it. It
was remarked this morning by gentlemen
well posted on financial affairs, that it
seemed as though the banks had kept all
their money at home to meet just such an
emergency.
There was some talk about Armour in
"the alley"' this morning, but the best au
thorities over their belief that affairs on Wall
street have not caused him any anxiety.
Private messages to J. L. Lester <t Co..
dealt largely witu tne affairs of Russell Sage!
One dispatch from Henry Clewes says it
looks as if Sage was selling out the stocks
lately put to him, which if true, will in
fluence for a lower market. Other advices
over Lester's wire are somewhat more ex
plicit, and say in effect that Sage is supposed
not to be taking any stocks on privileges, but
is making settlements by giving his check
for differences, thus compelling brokers to
sell stock which they have bought,"expecting
Saire would receive it on his puts.
The Newark bank failure is given also as a
principal cause of the downward movement
in stocks, and seems to have created consid
erably more excitement than would ordinar
ily be expected of such a failure. The axiom I
that flying straws slow the direction of the j
wind is, however, a way of easily accounting
for the instant and important effect of the
bursting of even the smallest financial bub
bles at such a time.
According to dispatches over Lester's wire
the principal London banks have been large
buyers of fancy stocks all day, and the gen
eral report confirms this evidence, that the
migration of gold has changed its course so
that New York instead of London is now the
importer.
Despatches to Swartz & Dupee announce
that Gould borrowed large blocks of foreign
ST. PAUL, MINN., SATURDAY MORNING, MAY 17, 1881.
exchange this morning for the purpose of
bringing rates on exchange down to a basis
which will turn gold Importation in this di
rection. By this means Mr. Gould expected
mill proboblysucceeded in making a good
deal of money easily.
Other telegraphic advices say that another
large failure is anticipated to take place this
afternoon. To whom the statement points
is not Btated. At the close the feeling here
was that the heavy foreign buying of stocks
would likely put Wall street right shortly, If
no other large failures occurred.
"There is one benellt which Chicago has
derived from the failures in New York," said
a prominent business man to-day. "It will
be worth thousands of dollars to the city, the
fact that in the general depression Chicago
has not had a single failure. They have been
saying that business was loosely conducted
here, and that we rested on a superlieial
foundation. The. truth of that claim has been
tested in the last two or three days. There
are millions of money in the banks and no
one here has been materially hurt."
"The rumor is current that the Chicago
banks are sending out a large amount of
money to their country customers, indicating
distrust on the part of the latter. What have
you to say to that}" asked the Globe cor
respondent of Mr. Grannis, president of the
Union National bank.
"At this time of year there is always a
great deal of currency sent to the country in
payment for grain and this money finds its
way back to ns in ten or fifteen days," re
plied he. "The sums that are being sent are
not by any means enormous and they go to
banks, not to depositors."
Mr. Gage, vice president of the First Na
tional bank, admitted that the sums sent out
from Chicago to the country just now are
somewhat in excess of the usual amounts,
•'but," he said, "this is perfectly natural,
national and right, and the country banks
which did not ask for their outstanding bal
ances at such times as this would be acting"
like blamed fools. There is, however, no
reason to apprehend any panic, neither here
nor in the country."
Mr. Colvtn, the local agent of the United
States Express company, said in reply to the
question whether the amounts sent out by
the Chicago banks were more than usually
large, that such was not the case, at least not
more so than generally at this time of year.
Mr. F. Y. Donahue, agent of Adams ex
press, and Mr. Bloggart, agent of the Ameri
can Express company, expressed themselves
in similar terms.
| Western Associated Prt-is.)
PHILADELPHIA.
Philadelphia, May 10.—The situation is
unchanged. There is some little increased
demand for money but rates are 4 to 0 per
cent. The stock market is unsettled. Gov
ernment bonds are lower, but the various
securities wore brought in the purchasing of
orders from the country. Mo excitement.
MONTREAL.
MONTREAL, May 16. —Stocks are strong,
particularly hank shares, which are improv
ing, on account of better rates for loan<.
The Montreal bank sold up to 191%, the
highest price for weeks.
RESUMED.
Bradford, Pa., May I(i.—The Exchange
bank, a private institution, Huff & Ege,
proprietors, h;;s resumed.
n awu:v & co.
Boston, May 16.—The office of Hawley &
Co.~-m.is thronged V.-As morning with many
ladies. The assignee is in charge. Hawley
at the stock board is trying to arrange mat
ters. The fact that his transfer books of the
Atchison, Topeka & Sante Fc railroad was
opened to-day, makes his task onerous, as
the firm is dealing heavily in Atchison se
curities, therefore they have many transfers
to make. It will be several days before the
status of the firm can be learned. Its re
sumption is imposible.
MADE A MISTAKE.
DALLAS, Texas, May 10.—It transpire?
that the building and lot levied on yesterday
as the property of Donnell, Lawson it Simp
son, of New York, to satisfy the claim of the
Ft. Worth Water company, amounting to
$13,000, belongs to a disinterested party and
no way connected with the firm. The suit
has therefore been withdrawn.
KANSAS CITY.
Kansas City, May 16.— Attachments to
the amount of 146,000 were levied to-day on
the real estate of Donnell, Lawson it Simp
son in this city. At all the banks there were
comparatively few withdrawals, while the
number of deposits were unusually large. A
number of country bankers were in the city
to-day, and after learning the situation,
nearly if not quite all decided to let their de
posits remain. There has been no excite
in cut at any time during the day.
NOT A DEFAULTER.
Newark, N. .!., May If..—Daniel Dodd,
treasurer of the Newark Savings institution
was treasurer of the Newark City sinking
fund. An examination or the fund was
made this afternoon but it was found in
tact.
ATLANTA.
Atlanta, May 10.—There was a slight
run this morning on the banks, but the i t
citement was soon over, and the banks
closed stronger than when the}' opened.
AN" INCORRECT REPORT.
Chicago, May 16. —The rumor has come
from New York to-night to the effect that the
Bankers' ec Merchants' Telegraph company
had stopped all construction on its lines, and
dismissed its gang of men, as a result of the
failure of the New Yorklirm.A. W. Dimick it
Co., the 6enior partner of which is presideut
of that company. In answer to a question,
R. Stewart, superintendent of the western
division of the Bankers' ifc Merchants' coni
pany, said there was no truth in the rumor
so far as his division was concerned. The
company lost no money by the failure; that
it had projected much construction, and it
might be that they would be delayed in some
places, but he had not heard of any such re
sult.
SAN FRANCISCO.
San Francisco, May 10.—A considerable
amount of money was sent east to-day. Or
.iin^ry exchange on New York is selling at
30. Telegraphic has risen to IJ£. Some
banks stopped selling. Several this morn
ing called on their customers to put up fur
ther collateral on overdraws. The market is
unaffected otherwise.
Senator Sherman's Opinions.
Philadelphia. May 16.—Senator Sherman
was interviewed here and said: We are
neither in a panic or on the versre of it, un
less my judgment is seriously at fault. The
country is not in anything like the condi
tion in which it was in '73, when the .finan
cial crash of that year came. Our financial
status is entirely different. The present
troubles are local and not seneral. Reckless
speculation, the creation of fictitious values
in stocks and the sharp competition in rail
road securities are the causes of the existing
difficulties. It is extremely easy to create
distrust in money circles when there has
been such a fluctuating market as in New
York for several months past. I look up
the present troubles as simply the result of
over-trading in securities that for a long
time has been merely the football of Wall
street. TVhile there is some depression
there is no real financial distress,
and the resources of the country are ample
and stable. It is not difficult to find a reme
dy for the present evils, if the people -would
refrain from dealing in securities or pro
ducts which they do not hold or control.
"Will the present Hurry have any serious
effect!"
"I think not. It may have a very benefi
cial one. It will make the people more cau
tious in placing money in risky ventures
and turn their attention more to legitimate
business enterprises. Troubles of this kind
are simply an admonition to those who have
surplus means to remember that all success
ful fiscal operations must have a solid foun
dation."
"What bearing will these trouble have on
the presidential campaign!"
"None whatever. It is nothing more than
a temporary embarrassment at the financial
center of the country. So far no indications
of it has reached beyond the bounds of New
York city. Ido not believe it will extend
into the country. If it does not become gen
eral it will have no influence upon the politi
cal parlies. I think the worst is over. From
this time, on there will be a better feeling. I
regard the success of the Republican party of
more consequence than the ambitions of any
single man. It would be unbecoming in me
to discuss the relative merits of candidates,
but I have faith in the Republican conven
tion and that it will do the best thing for the
party. We are confronted with many diffi
culties this year, and may have anything but
au easy race fortho presidency.
Much depends upon the declarations of the
Democratic convention upon the tariff, ques
tion. lam not giving our convention any
advice as to candidates for the presidency, I
am more interested in the economic condi
tion of the country than in politics.
A Keteark Saving* Sanlc Goes.
Newark, N. J., May 10. —The Newark
savings iusiitution has closed its doors to
day. The bank officials say Fisk ec Hatch
owed the institution §1,000,000.
Newark, May 16. —The savings bank
makes a statement that the purchased of gov
ernment bonds was entrusted to Fisk At
Continual on FourOl I'tnje.
AMUSEMENTS.
ST. JP-AXTL
(DEAL SOdTY-I
MOMoill!
HANDEL'S
AT
Market Hall
ST. PAUL,
MAY 29, 1884.
This Sublime, Religion?, Musical Work will be
given with all its splendor by
npn Throughly TraM
2011 SINGERS!
/fj A Grand Orchestra Gf.
111 MUSICIANS!
The Celebrated Lislz. Mason & Hamiin
Grand Organ.
And with the following Solo Performer
CATHERINE KOUXTZ, Soprano.
WILL DORGAN, Tenor.
MAY MURPHY, Contralto.
CIIAS. DisLACT, Bass.
. C. A. GABBATT, Organist
SIGXOR A. JANNOTTA, Musical Director.
For this occasion the following arrangements have
been made with 1.1. RAILROAD LINES run
ning into Saint Paul, lor the ROUND TRIP,
USE FAKE and one-fifth.
This will give all an opportunity to hear this
great work, the Oratorio Messiah given in its
entirety. Ticket ofli;-e will open to the public
next Thursday morning at i;. C. Hanger's -Music
Store, 105 East Third street. 535" Parties ontof
town desirous to have suits secured can address
E. I". i;in<;iiam,
Secretary St. Paul Choral Society.
Gives Special Bargains in
KN ABE Hi HER
Olough & Warren Organs. '
96 E Third Street, - - St. Fa i
TROTTING STOCK. AUCTION.
j^9-^ HIGFj-BEED
J^m . llvullliVG- STOCK
€S&r*'': \ At Public Auction, WEDNESDAY, JUNE 11,
¥il3b&^£SH&&fc/ MID VV rain or <vine, at T?TT
■■ W^S^^BWm. Adjoining the city limits' of St. Paul, Minn
■-"s£*? Ella b. y tom- Ay- Kittson, Chas. A. DeGraffand
V tBEBF^MB&M I^l George \V. Sherwood, about 70 head of high
. • «W — bl; ed Trotters, consisting or young Stallions,
* wlli \§A. Wfil Fillies, Brood Mares and Geldings, sired prin
yjpQ Mr—r '' uxl?\_KJ? v,:'" by such noted stallions as Smuggler,
c*.- Volunteer, Peacemaker, George Wakes'! Yon
» r^Jrir^^ Arnlm ' Blackwood, jr.. Alexander, Baymont
ISBHSSBh^s^SSStS^ Administrator, Blue
-3^ta^^vj^s-Pg?3V »-c- Bntl, and Ravenswood.
Terms of Sale—Cash.
jf^ar.—^^-—^^^a^^^asa^lllir^^T" Sale t0 commence lit 10 a. m. pharp Send
M^c=: ~g^J'c^^?Twr^*'^Jr '—;grr tor catalogue, to B. D. WOODMAXSEE,
•-"•,■•' ■■■■"--_'■■■■' -'■''':*'-:'■ St. PauL Mian.
MUSICAL INSTRUMENTS.
WECLAIH
And can prove to our patrons and the public, that
the Pianos and Organs which we offer for sale,
EXCEL ALL OTHERS
Of both American and European manufacture in
Power, Purity, Length and Sweetness of Tone,
leaving nothing to be desired.
STEINWAY
And IIAIXES PIANOS, never fail to give perfect
satisfaction and arc by all means the most desira
ble instruments to obtain.
A line assortment of Uprights and Grands we
are now offering upon favorable terms.
ST. PAUL ANT) MIXXEAPOT.IS.
N. Ti.—New"Upright Pianos for rent, and rent
payments applied ir purchased.
MBS. M. O. THAYER,
■ ' 418 wabasliaw street.
Sohmer and other Pianoes, New and Second Hand
ORGANS.
New England, Smith, American, Bay State and
Sterling.
SCHALL BANJOS.
Everything in the line of Musical Merchandise,
at lowest prices and best terms. ' 130-ly
For Pianos & Organs
For Ksay and Best Terms,
For Cat tjog;u>-s ai.«l Lowest Pzlcog,
For4jt»Dcit» and Territory. Address
C. W. YOUNG-MAN,
116 E. Seventh street, ST. PAUL.
AMUSEMENTS.
GRAND OPERA HOUSE.
L. N. SCOTT, Manager.
LAST PERFORMANCE TO-NIGHT.
Family Matinee To-Day, 2 p, m.
The Popular young actor,
MR. JAMES O'NEILL
As Edmund Dantes, with Mr. John Stetson's
MONTE CRISTO
: . .." ; COMPANY,
Originally organized under Mr. Stetson's manage
ment for Booth's Theatre, New York.
Dumas' Great Play of
MONTE CRISTO
With a Star Cast:
Entire new scenery. JS?"tirand realistic effects
and correct appointments. Usual prices
SEATS NOW ON SALE.
GRAND OPERA HOUSE.
One Week, commencing Monday, May 19.
Engagement of the Popular Tragedian
THOS. W.
KEENB!
Supported by a Specially selected Company under
the management of Mr. W. R. Ilayden.
i:i;i'Ei:toire :
Monday Evening, May 19, Richard in.
Tuesday Evening, " 20, Richelieu.
Wednesday Ev'g, " 21, Hamlet.
Thursday Evening, " 22, Julius Caesar.
Friday Evening, " 23, Macbeth.
Saturday Matinee The Lady of Lyoss.
Saturday Evening, last ap.
pearancc of Mr. Keene...RicHAKD 111.
Seats now on sale at box office. Usual prices.
ismiEii Slates!
AT
HIIDFIOT nil I
lAMlil HiliL 9
J
Thmsilay, EnOay & Satnrday
NIGHT,
MAY, 15th, 16th, and 17th.
Admission 50c. Reserved peats 75c. For sale
at Myers & Finch's, Bridge square. Grand mati
nee fur school children Saturday 2:30 m. Ad
mission, children 25c. Adults SOc. 134-138
sTMAflflffiTHiS
SPOUTS,
AT WHITE BEAR, MAY 30,
DECORATION DAY.
8300-00 IN PRIZES.
PROGRAMME :
100 yards in heats championship, gold medal of
Minnesota; 120 yards hurdle racr.,'i s t prizeela'jo
rate silver medal, 3d, silver cap; Quarter mile
championship of Minnesota, 'Mayor's cup, value
$40; 1 mile championship ot Minnesota, Marvin
cup, value $40 ; 8 mile handicap walk, the Barnes
cap, value £40; 5 mile handicap race, Ist prize
valuable silver medal, 2d, silver cup; Puttin" the
shot, Ist prize silver goblet, 2d, silver cup; Vault
ing with the pole. Ist prize, silver tankard.i.'d, sil
ver enp; Tug of war teams of four, valuable
championship medal; Throwing the LaCro^se
ball, prize silver cup; Running long jump, prise
silver cup; Running hop step, prize silver cop"■
Sparring four rounds, prize elaborate gold mr-ia'. •
75 yards fat man's race, to weigh over 20O~lbs'
Sack race 50 yards and return, prize silver Cup •
(.land LaCrosse match by St. Paul LaCrosse Club:
and grand cricket match, St. Paul vs. Minneapo
lis. The above sports are open to amateurs only
Entrance fee- to each event 30c ; all entries mu«t
reach the manager on or before May "1
12950 d JOIIN S. BABIES, Manager
GEORGE W. GETTY,
BOAT BUILDEE.
BOW BOMS AND OARS FOR SALE.
WHITE BEAK. .... 3IKNj
Pun&thc4w
10 a. m. sharp. Send
WOODMAXSEE,
St. Paul, \finn.
CLOTHING.
" One-Price" (Mil louse,
Corner Third and Robert streets,
ST. r>_AJUXr.
It is one thing to quote prices and another thing
TO BACK THEM up. It is a very simple matter
to take two or three suits that are shop worn,
out of style and advertise them as 10 or 1,000
suits, and if a customer calls for one of them
make an excuse that they are all sold and try
and sell him something else. This is not the
way business is done at "THE BOSTON," St.
Paul. We live up to the letter of our advertise
ments, never advertising in price or quantity
anything we cannot show. Commencing this
morning, May 17th, we shall place on sale in
our Men's Clothing Department, the following
lots which represent more value in quality of
material, linings and substantial wear than we
have ever before offered at one time, at such
ridiculously low prices :
LOT 1250. A handsome dark pin-check, all
wool Cassimere Sack Suit $8
LOT 842, A single-breasted Frock Suit in
a hand some dark mixture. The
regular retail price East of
f suits of this grade of Cassimere
was $15. - - - $io
LOT 941. Dark check Cassimere S. B Sack
Suit, not all-wool, but the
cheapest suit in the world, for $4
LOT 1253. Medium dark brown diagonal S.
B. Sack Suit, all-wool - $8
LOT 882. A handsome Peacock blue, dark
mixture in all-wool Scotch
cheviot S. B. Frock Suits $12
LOT 846. These Suits are a cardinal mix
ture, having a brown effect.
They are all-wool, cut in a S. B.
Frock style, and are very
cheap, at - - - $12
That we consider special bargains and which for
want of space we cannot accurately describe, we
would call your attention to the following lots:
LOT 657, Men's. Frock Suits, at - $14
LOT 1249. Men's Sack Suits, at - - 15
LOT 1248. Men's Sack Suits, at - 15
LOT 1287. Men's Sack Suits, at - - 18
We know how particular young men are, re
garding the fit of their clothes, and to meet their
wants and save them the high prices they would
have to pay Merchant Tailors, we have suits of
the following well-known makes, which, in fit
and all good qualities few Merchant Tailors can
equal and none can excel: A. Sherman & Co.,
Carhart, Whetford & Co., Rogers, Peet & Co.,
and Steen, Black & Co.
Is overflowing with choice styles that please the
ladies. The Cavalry Knee is a great protection
to Boys' Trousers and you will find it on all our
Children's Suits.
Boston One-Price Qiffiu Boise,
CORNER THIRD MD ROBERT STREETS,
ST. PA.TJJL,.
We make prices that sell our Goods and satisfy
thoso who buy them. Our HAT and CAP De
partment is larger than any exclusive Hat and
Cap store in St. Paul. We sell Hats not so much
for the profit they yield as for the trade it brings,
to our other departments. 1 ■; ; !
NO, 138
