Newspaper Page Text
The Bears Regain Possession
of the Cereal Citadel
The Bovine Crowd Get Scared
and Fail to Keep Wheat
in the Eighties.
The Crop Promises Such an Enor
mous Yield that Speculators
Trade With Extreme
Provisions Continue to Move Skyward, Im
pelled by the Hand of the Soul
1 Rumor Current that a Wall Street
Clique is Engineering Another
[Special Telejrram to the Globe. I
Chicago, Aug. 14. — The markets to-day disap
pointed all expectations based on yesterday's
Strength, and prices in the wheat and corn mar
kets experienced a sharp decline, the gain of
yesterday being swallowed up by the loss of to
day, In fact the advance of yesterday, especially
in corn, is still un enigma to the trade. An ad
vance in wheat from ho low a point is of course
not extraordinary, but that it should begin with
out any apparent motive, should be so violent as
to advance nearly 2c in as many hours, and with
out there being any big buying, i* the feature of
the advance which is puzzling. The visible sup
ply figures made public in New York, which
showed a little less increase than the Chicago fig
ures of the previous day, certainly do not ac
count for it, as ~'i,'o,UOO bushels on or oil the fig
ures hardly count, nobody with any sense be
lieving that the statements ever come within
200,000 bueels of the facts. The cause, then,
must be looked for elsewhere, and the only ra
tional solution is that in view of the present ex
tremely low range of prices any appreciable ad
vance causes a scare which leads shorts to
cover, thinking the big upturn has come, and
enenrages bulls to put the prices up on them.
"First it was up and then it was* down, then up
and down and up and down and up a little."
The benvy wheat man, who gave the above
comprehensive View of the day's deal, cocked
his heels up on the desk with the solemn as
surance that that was all there was to say about
ii anyway, and resumed his cigar in contempla
tive silence. The broader range of fluctuations
in the grain market offered better opportunities
for the scalpers, and they did not let the chance
go by, but aside from active scalping deals not
much was done. The crowd who were buyers
stood ready this morning to continue the bullish
attack, lint a reaction soon set in which sent
them all flying in the opposite direction. It was
noticeable that a general crowd who were buyers
yesterday seemed to desire nothing so much to day
as to get rid of their hasty purchase*!. Wheat
opened at yesterday's dose, 81 ) c for September,
mid closed at 79J4C, a falling off of l&c, while
■ September corn opened ! 4 <: lower, and closed at
50 c, a loss of l%c. Oats fell off %c, closing
lit -'I '•„(•. An advance of 35c in September ribs
was the feature in the provision market, the ad
vance being sustained to the close, which was
(10.05. Lard was sternly, closing at yesterday's
figures, $7.50, for September, and pork was un
There was considerable excitement in the
H'Htut crowd at the opening, und a largo business
wan transacted at about yesterday's closing
prices, but there was less disposition on the part
of the shorts to cover and prices nagged. Then
the bears, gaining courage and backed by fine
weather, liberal receipts and weak cables, began
to pound the market, and they did it so effect
ively that they forced prices down nearly i!c and
made the close the lowest point of the day. The
principal early sellers were Carr A Co., who
worked considerable stuff off at the top. The
later sellers were the Adams brokers, Schwartz
& Dupee and Henry Warner. The latest reports
on the wheat crop of Europe show that a full
average crop is expected in the United Kingdom,
Russia, Germany and India, while France, Aus
tru-llungary will full below , the advices from
th;t latter being particularly bad. The amount
of wheat and flour on passage to tin United
Kingdom and the continent decreased during the
past week 980,000 bushels. September wheat
ranged to-day at 79J^©81 [i£c and closed at tho
lowest figures. October ranged at 80%@83c and
closed at the lowest figures.
Corn Opened strong, but turned down almost
from the start, and was weak all day In sympa
thy with wheat and Influenced by tho same
causes, the only bull argument being the im
provement shown in this article in foreign mar
kets. September opened at ."il'ic, with a few
sale! at 51 51 \c. then broke off to BOJ^c,
rallied to BIKcJ off again to .'iii'^c and closed at
60 c . October ranged at -10©50?ic, and closed
at the lowest figure.
Oat* were quiet. The market was a little
stronger early, but soon eased off under tho
liberal receipts and ruled steady afterwards with
very little trading, Hutchtuson, who has been
going largely short on year, passed bis card
around among the oat crowd to-day, but only
one the was subscribed. September closed at
24 , c.
Considerable life was manifested in tho pro-
talon pit and a larger business was reported
than for several day* past. Speculators were
more Inclined to take bold and there was a little
more Inquiry from shorts. Prices ruled higher
on all leading descriptions and the appreciation
was well supported, The inquiry on shipping
accounts was fair, but trading was checked to
some extent by the Sharp advance in price. Liv
erpool advices showed an advance of 6d in
lard and la in bacon, and eastern meats were
quieter but steady . A firm feeling prevailed in
the lard market, and prices ruled stronger, and
"'•(^■'C higher, but the advance was lost and the
dosing was the same as the opening, $7.50 for
September and $7. C0 for October. Quite an ac
tive demand prevailed for rib.« and the offerings
were fair, Prices were gradually advanced Ss(&3oc
on the 1 Whole list and the appreciation was sup
ported to the cl.wo, which was at $10.05 for
September and *'.>>-" , for October.
In the cattle market there was a good demand
from shippers and dressed beef men for the best
Crudes and prices were as high as on the prev
ious day. Hut the less desirable sorts were, if
possible, more under neglect than on Wednesday
and despite the heel efforts of holders there was
a further perceptible decline in prices. Sales
•how a reduction from Monday's figures of
rather more than 15c. In isolated cases the
decline reached ••Mo. The weakness extended to
native batchers' stuff in a less marked degree,
but was not apparent in etockers and feeders.
The latter continue in li -Ut supply and are In
good demand at fully recent prices. Range cat
tie were in larger supply than for a number of
days past and were weaker.but not noticatly lower
than the day before. In comparison with Mon
day a decline of 13©C0c is apparent.
There was no great difference in prices of hogs
as compared with Wednesday. Light hops wen?
in bettor demand than for some days previous
and sold at prices averaging a little stronger, the
bulk of them going at $3. 90© 6. SO, with not a
few sak - at $0..3, but mixed and heavy lots
were dnll and li'<? firm. To such firms ag were
willing to shrink their hogs the packers were
paying big prices, placing the member* of the
exchange at a great disadvantage. Shipper* "ad j
*.he scalpers bought with sarie freedom, how
»ver, and titween th« several interest* about all
the merchantable hogs were picked up.
There was a fair local and eastern demand for i
cheep, and 1 steady range of prices. Of really
good ones thero were very few. More of that
sort would have found buyers at full prices, bat
there was an ample supply of the lower grades.
McConnirk, Kennett * Day say: "Exporters
continue to hold oS and lower grades are being
taken by millers, but the advance does not look
permanent and we don't anticipate a healthy op
turn until September, when - the effect of the
•orins wheat movements are being estimated, j
V_. ' .'- • - ■:■ : ® ';.
It's a safe scalping market, and the long side in
breaks is the one to follow. Those who wieh to
go in for a long pull should buy now and average
down, as wheat at present prices is sure to pay
I Special Telegram to the Olobe.]
Chicago, Ang. 14.— The feature in to-day's
money market was the decline in New York ex
change to 50c discount. The associated bank
clearings were $G, 465,000. Foreign exchange
was quoted steady at $4,805^ for sixty-day docu
mentary sterling. Jioney is reported in sufficient
Btipply to meet business requirements, and going
out on call loans at 0(5,7 per cent. ; on time at
I Special Telegram to the Globe..
■Milwaukee, Aug. 14. — At the morning board
wheat opened higher, ruling active and feverish
during the entire day. The foreign markets
were again weak and 0 pence per quarter lower.
Private cables and crop advices were generally
favorable. A firmer feeling at winter wheat
point*, together with a reduction of 280,000
bushelß in the amount afloat for Europe caused
quite an active demand for the short account
and prices were well maintained. Receipts here
are light. Large shipments have considerably
reduced the stock in store, 25,000 bushels since
yesterday. The weather is fine and warm. No.
2 spring, seller .September, opened at Sic — an ad
vance of 'jc over yesterday's closing figure. It
receded to SO7ic, rose to 81c, fell back to tSO?»c,
and rallied to 807ic October ranged 1 VjC above
September, opening at 88 We, and closing at
82^c, with considerable activity. There was a
reaction in the wheat market about noon. The
shorts having covered up, prices dropped a point
or two. The dealings during the afternoon were
very fair. September closed at SOlic, and Oc
tober at 81 Tic. The market hus been better
and the dealings larger today than for somo
fSpncial Telei'ram to tho CJlobe.i
New YoBK.Aug. 14. — There was a rush to buy
stocks at the opening of the stock exchange this
morning, and prices were throughout a fraction
higher than lu»t evening, *th the exception of
New York Central, which was weak on unfavor
able reports published in the morning papers. It
almost immediately recovered the loss, however,
mid with the rest of the market continued to ad
vance until after 1 o'clock. During that time the
gains n.ade over lntft evening's prices were lVs©
2'i per cent, for the active stocks, the largest
dealings being in the Grangers and the Vander
bills, while Luvkawanna has been unusually
dull. The advance since early yesterday after
noon is attributed to a meeting that it is stated
was held at the otice of Work, Strong & Co.,
which was attended by Meswrs. (lould, Work,
White mid slay back, und at which it was agreed
to start another bull campaign. It is announced
that the New York Central directors will meet
to-morrow at the Grand Central depot to consider
the issue of debenture bonds on
certificate. All persons having relations with
the company or oflicers have been enjoined to
silence. It it) understood, however, that there is
little doubt that the bonds will be issued. Exact
details are difficult to get, but the amount is es
timated ut not less than $10,000,000 or more than
320,000,000. It is believed the bonds will bear 5
per cent, but the length of time they are to run
is not known. The information Is obtained from
semi-oflicial sources. Erie has been unusually
strong and active without the development of
any special reason. A majority of the metropol
itan stock holders have transferred their stock
into the new Manhattan stock. The last hour
witnessed considerable realizing of sharp reac
tions. Lake Share was a perfect jumping jack
in Us evolutions. Tho Louisville & Nashville
sold down from the opening. It was regarded
that this stock was supplied by tho Wull street
bank to clean up some loans. The market
closed with a slight rally, though Bomewhat un
THE QUEEN'S SPEECH.
Parliament Prorogued With the Usual
Ceremonies and Speech.
Expression of German 111 Feeling Towards
England and Her Colonies.
Losses, Aug. 14. — Parliament was prorogued
to-day with the usual ceremonies). The queen,
.in her speech, said :
"I sincerely regret that an important part of
your labors failed of a result in a legislative en
actment friendly to the intercourse which sub
sist* with all the foreign powers. Diplomatic
relation* have been resumed with Mexico and the
preliminary agreement for a treaty of commerce
lias been assisted. I have to lament the failure
of the conference to devise - means
to restore the finances of Egypt, which are so
Important to the veil being and good order of
the country. I shall continue to fulfill faith
fully the duties growing out of the presence of
my troops in the valley of the Nile. 1 trust the
special mission which I Dave determined to send
there will materially aid mo in considering what
steps to adopt. '.
1 view with unabated satisfaction the'mitiga
tion and diminution of agrarian crime in Ireland,
and substantial improvement in the condition of
the people. 1 design at an early period to call
your attention to the great subject of th'j repre
sentation of ttie people. I rejoice to observe
amid numerous indication* of interest ': in
the subject constant proofs ' of
loyalty to the throne and respect for the law.
These Indications inspired me with full belief
that the great national aim will be pursued with
order and moderation, the best securities for
such a settlement as may conduce to the happi
ness and liberties of the people and the strength
of the empire.'
The speech closes with thankfulness for the
favorable season which is alleviating the pressure
that has so tons and so seriously allotted the ag
Paris, Aug. 14.— Count SaburotT, late Russian
ambassador to Berlin, ha* sold his collection of
antiquities. The St. Petersburg hermitage pal
ace bought the terra cotta collection for £32,000.
The Berlin museum purchased forty-nine vases
and sixty sculptures for £15,000, and the British
museum a variety of magnificent bronzes and
other objects for £40,250.
HUMORED 3IASSACKE OP EUEXCH.
London, Aug. 14. — Times dispatch from
Foochow says the Chinese militia authorities an
nonnced a review to-day. A ■ French transport
and one ironclad departed for lions Kong.
The late king of Annam has been poisoned by
Black Flags are coating from Laoki | and it is
rumored Chinese troops also are marching south
ward on Tuyankwou an isolated post, sixty miles
north of Hung Hon. Tonquinese pirates infest
West river, ravaging the country north : of Hai
phong. It is rumored the French garrison was
massacred while en route for Langson. Sick
ness among the French troops increasing. .
Alexandria. Aug. 14.— Those who suffered
losses at the time of the British bombardment
are becoming impatient. Their demands for in- |
demnity are unsettled. They threaten to make
a great public demonstration to bring a pressure
THE OCEAN* XAtLS.
Loxdok, Aug. 14. — Postmaster General Faw
cett has written to the Atlantic Steamship com- j
pany that the tenders received by the govern
ment are insufficient to arrange for a. first class
: steamer service month by month to carry mails
from Queeristown to New York. The govern
ment therefore invited tenders for an early con
tract, terminable on half a year's notice.
OIRM.IXT *X» EN it I. AND.
Beki.iv, Aug. 14. — In reply to a recent article
:n the London Times which intimated that Bis
mirk was in ill humor with England which would '
possibly soon pass away, the North German Oa- j
sttte has this to-day: "Germany has for years
supported English policy in ' the most unselfish
manner. She has received no return ■ except
maleoleance in the treatment of German ; inter
ests abroad. On the part of both England and
her colonies, Germany has always, and especially
in the Ausrra Pegueca matter,, acted in friend
ship for England. Such friendships, however,
when onesided, mast collapse. ' Should England
: not modify her policy toward German interests
abroad the "fit of ill humor" might grow to per
manent ill feeling.. German policy in the future
will be friendly to friends bat averse to those
who unwarrantably injure her interests."
■ - - - ... ...--. .. . . .
ST. PAUL. MINN., FRIDAY MORNING, AUGUST 15,1884.
IRISH NATIONAL LEAGUE,
The Proceedings in Session at
Faneuil Hall Yesterday.
Unanimous Adoption of a Platforn
Declared for Continued Agita
Irish Independence Favored and the Irish
Parlimentary Leaders Indorsed. ,
Officers of the League Complimented—
< Father "Walsh's Memory Honored.
Boston, Aug. 14. — At the opening of the Irish'
League convention Chairman Gannon read the
following : - ' ; , ?' (jff. «
Milwaukee, Aug. 14. -
To the Chairman of the Irish , National League
Convention, Boston: • . ;:
The Irish National league os Milwaukee sends'
greetings to the .' convention - and contributes
$1,000 to the parliamentary fund.
Dispatches were also received stating receipts
of $25 on account of the Fairmount branch, of
Philadelphia, and from St. Patrick's Alliance of
America expressing sympathy with the objects
of the meeting and urging measures for the "ex
tension of the work. •
It was announced that Mr. O'Sullivan, of Ire
land, was on the floor bearing a letter from Mich
ael Davitt. At the mention of . Davitt's name
there was an outburst of applause.
The chairman announced the business in order
was the report of .Mr. O'Neill, chairman of the
committee. lie reported it had been his pleas
ure to audit the treasurer's accounts. As every
thing was found correct the report is given.
Money received by Dr. O'Reilly from his pred
ecessor Rev. Father Walsh, treasurer of the land
league, §3,150; from branches from May 1833 to
August 1884, $34,4(55; for parliamentary fund,
£4,707; other branches, Si 15. Total, $42,52 i).
The remittances and expenses conneced there
with to Ireland were 524,397; balance on hand,
$(3,364 ; total amount remitted, 3529,702, leaving
a balance of $12,707.
. O'Xeill further reported the accounts of the
secretary of the Boston national league correct
in every particular.
The committee on resolutions reported the
The representatives of the Irish National
League of America in convention assembled, af
firmlng the principles adopted at the Philadelphia
convention, congratulate, the people of Ireland
and their able leader, Charles Stewart Parnell,
on the heroic efforts amd untiring zeal which
have so signally marked the history of the past
year, abounding in evidences of gratifying
progress in placing the people of " Ireland, on a
higher plane and securing for them ; and , their
natural, rights a more adequate consideration
from the intelligence of mankind. We. renew
the protest which for seven centuries has been
uttered with every heart throb of . our race
against the cruel and unjust usurpation of power
by & government alien to our people in j all that
distinguished one nationality from another,' and
we j pledge our moral and material support to
every legitimate means for re-establishing the
God-given rights of the people of Ireland to the
possession and government of their native land.
To this end we finally propose to direct all our
efforts to the creation of an Ireland of complete
national life, for the development of all- the di
versified industries which renders a people self
sustaining and prosperous, not merely by the re
duction of rents, nor a change from idle people
to working proprietors, but also .by the revival
of Irish manufactures to the exclusion of
English goods, and to the promotion of an eco
nomical and civil life, by the development of a
sincere, noble and effectual cohesion of all her
people for the common welfare ; now, therefore,
it view of these * facts be it
Resolved, First, that the Irish National league
of America hereby expresses its unqualified
approval of the course pursued during the past
year by Chas. Stewart 1 Parnell .and the .'; Irish
parliamentary party under bis .leadership ami
pledges itself to support them by every moral
and material aid in the contest which they i are
waging against Landlordism and on behalf of the
Irish National independance, and to this end wo
comment the parlimentary fund recently opened
by our executive for such purpose to the gen
erosity which characterize our countrymen.
Resolved,. That we congratulate • the Irish
National league of America on its success in
stemming the tide of the forced emigration of
the artificially impoverished and in causing the
United States government to compel England
to take back those whoso poverty is the J direct
result of hermUgovernmeet.
Resolved, That we record with satisfaction
the opposition of this league to land grabbing
in America by non resident aliens lias been by
the efforts our executive adopted as the dec
trine of the American people in their political
platforms and we recommend that the effort* of
this league to end this evil does not cense until a
complete remedy be enacted into the laws of the
. Resolved, That we congratulate Win. O'Brien
of the United Ireland, in his struggle against im
morality, the abomination of which is a consist
ent outcome of English misrule in Ireland, and
we commend him for tearing the mask from cas
tle officialism in bringing its hideous practices
under the execration of mankind, notwithstand
ing government resistence.
Resolved, That we note with * approval the
revival of the study of the Irish language j as one
of the elements in the general progress of the
race, and encourage the efforts of those engaged
in its cultivation.
Bttotved, \ That we endorse and encourage the
work of the promoters of Irish colonization in
their efficient efforts to provide homes in the
United States for Irish emigrants who would
otherwise be compelled to toil without hope of
competence in the larger cities.
Resolced, That the gratitude of the Irish race
I* due in a particular manner to the executive of
the league, Alexander Sullivan, forbid unselfish
service to the cause of Ireland, and that in his
Coarse he has shown consummate skill and pa
triotism. We also express our commendation of
the conduct in office of Rev. Chan. O'Reilly, D.
1)., treasurer. Rev. Mr. Conatty. treasurer of the
Parnell fund, and other officers of the j organiza
Re*olted, That the death of Rev. Lawrence
Walsh gives us occasion to record cur high es
teem for his marked fidelity during the years of
his service as an ofticisl of the Land league, and
causes us to lament in him the loss of a sterling
patriot, whose voice never faltered in denounc
ing" English misrule and whose life was spent in
advocating the causes of Irish national inde
The resolutions ' were adopted without dis
Father Conaty, treasurer of the Parnell fund,
reported the total amount received at §17,663,
which was sent to • Ireland. Chairman . Gannon
then introduced Thomas Sexton member of parli
ment. lie was vociferously cheered. Sexton
"Gentlemen, I have to thank yon for the spe
cific declarations which you have made in your
resolutions that you adhere to the policy orig
inally formulated by the league, and ratified by
the Irish people. I have to thank you"" for de
clarinx the confidence yon feel in the Irish party,
and its leader. [Applause). ■ I have to thank
you for the promise you give of the continu
auce of material support in the struggle
which we aro waging. First to , main
tain the • league . in Ireland
in an effective condition, and second, ' to I main
tain and increase on the floor ;of „ the English
house of commons the strength of the Irish par
liamentary-party. . [Applause.] We have
reached, or on the verge of reaching, the critical,
the decisive moment in the history of . the Irish
i struggle. The administration of the land act has
been tested, and we have found th.it the benches
of the land courts have been filled with hangers
on of the landlord class, with men whose | sym
pathies lie upon the side of that class and whose
support has been gained by adhesion to its inter
acts. We have found that, as a rule, the - reduc
! tions made in the rents of Irish ; tenants " have
no: been sach as to materially alter their
conditions. The sense of securijy in their farms
so long as ; they pay their ,* rent may certainly
count for something, bnt .the short experience
we have had with the land act has convinced na
that the final point cannot | long ' be | postponed,
and that point will be upon what terms ; the land
shall be transferred to the tenants by the hold
ers. [ Applause. I Why is it it cannot be long
postponed; Because the ; landlords have been
' . driven to the wall. The land of Ireland is mort
\ gaged to the fane of $200,000,000. 7, The Jews
are coming down upon the embarrassed landlords
and the moment for the final descent of the Jews
cannot be long delayed, and when
I the - : movement . . * comes it . . ' will be
for the people to consider and for us to arrange
upon what fair terms, in ■ the , language ';, gf t the
origin*; programme of the league, .the land •hall
be transferred from the men who have tyranized
over the people to th,e men who * till . the ■: soil.
f Applause. | We are approaching the verge of.*.
settlement which will free the country from the
will of the landlord, which . will ; make ■- him su
preme over the fruits of his own industry, which
will develop a market for honest - labor "on the
i soil of Ireland, and which ' will produce : snch a
measure of popular comfort and
social indepecdence as will render
the will of the people irresiatable,
and will render it impossible for any government
"longer to delay or defeat our claim for national
independence. | Applause.] What is the con
dition of the league in Ireland? 1 believe Mr.
I'arnell wus asked a short time ago if there was
need for help for the league in Ireland. I un
derstood he answered that the aid of kith aud
kin in America had been so generous that ho did
not at that moment feel the necessity of any
further demands, lam here to say there are
two needs which must be satisfied In the Irish
struggle. The league has still upon its hands in
Ireland men who have suffered eviction becuuse
of their devotion to the principle aud interests
of the people. At the present moment
the total iucome of the league from Ireland from
£8,000 to ill o,ooo, is spent upon the support of
these evicted tenants. We think it of first im
portance, not only morally, but sb a matter of
stern practically of politics, that those men who
stood out for the body of their fellows should be
maintained until the power of their opponents is
broken down. When final stage has arrived, it
will be of tremendous importance to us if we
have to invite the Irish people to take another
forward step, and take part in another stern agi
agitution, it will be of tremendous importance
to us to be able to point out to them that so far as
our resources weut we never deserted any man
who proved himself a man. [Applause. I We
who are charged by the people of Ireland with
.the conduct of their course rely on two agencies.
First, organization of the people by a league to
secure and exercise the elective franchise ; and
second, the Irish parliamentary party in the
house of commons. The Irish parliameutaty
party teaches all parties and ministries in tho
English house of 'commons that vi last they have
to deal with a body of men honestly reflecting
the heart of Ireland, who are not to be coaxed
into timidity of action. A few years ago the
Whig and Tory parties, after beating
us were able to fight among theinaeles. Now
they have to combine, and where they combine
altogether, we are able to beat them all out of
the field. [Applause, j We killed tho Whig
party in the town of Wexford. Of the English
parties in Ireland one has ceased to breathe the
breath of life, aue the other has the death rattle
in its throat, The next election will be fought,
not between Catholics and Protestants, not be
tween Orangemen and Natioualist. It will be
between Ireland and England. [Great Applause. |
Gentlemen I have told you that the gold of Lon
don, tho coffers of the Curleton and Reform clubs
will he used to support the high bred candidates
against us. We shall be encountered by these
men iv the hope they may exhaust our energies
and exhaust our purse. It is therefore of im
portance that the Irishmen in America have been
sensible of the necessity in aiding the Irish peo
ple in a material manner. First, to light the
battle of the general election, and secondly for
the short time during which we shall have to
continue this Btruggle, to enable the parliamon
tury party in London to be maintained in a con
dition to indemnify those men who are too poor
to give their time to the service of the country,
while debarred from making any income of
their own. If we are supported in the im
pending elections we are assured by
hope that is in our hearts by the certainty that
is in our minds. Thut the resources of English
civilization for the Irish misfortune are now ex
hausted, and when we have placed in the house
of commons a party strong enough to defend the
Irish popular organization against intimidation,
when we have there a body of eeventy or sev
enty-five men strong enough to clog the wheels
of English rule of England [Applause] land
lordism and English rule will have reached their
last ditch and will fall never more to rise.
Several other speakers followed, among them
Alexander Sullivan. Upon motion of Mr.
Sullivan the sum of £10,000 was ordered sent to
Wm. O'Brien for his services for Ireland.
Mr. Sullivan'B announcement that he could not
accept the presidency of the league for another
term threw quite a chill on the enthusiasm of
the meeting. But as his announcement was
made in decisive terms, it was reluctantly ac
Patrick Egan, former treasurer of the Land
leagne of Ireland, was then nominated aud
elected president by acclamation and a storm of
cheers and waving of hats^and handkerchiefs,
Neil O'Brien, of Missouri, Thomas Uoherty, of
Boston, and Maurice Willhare, of Philadelphia,
were chosen vice presidents. Father O'Reilly
was elected treasurer. He took the floor aud
placed in nomination Father Rodger Walsh as
secretary of the league.
Tho national execntive committee was ttaea
chosen. Resolutions of thanks to the press and
people were passed, also a resolution expressing
the deepest regret at the death of Wendell
The second annual convention of the Irish
National league of America was then adjourned
nine <lir, the entire audience singing the Irish
National uuthem "God Save Ireland."
A DUBLIN BIGAMIST.
Accidentally Discovered in St. Paul
by the Brother of the Wronged
The Story as It was Told the Globe— The
Flight from Dnblln, Love Making In
Paris, Marriage in New York— A
Fugitive from Broken Vows.
Wednesday evening Mr. W. O. Lodge, for
merly of Dublin, but cow residing at Brooklyn,
N. V., while passing on Third street discovered
standing in tho door of a tobacco store a gentle
man with whom he had had acquaintance) in
Dublin and in Now York. Thursday morning
he met the same party again on Thirti street.
Mr. Lodge immediately repaired to the offlco of
the chief of police, stating that he desired the
arrest of the person mentioned for the crime of
bigamy. I'pon consultation, it was decided to
take no action until to-day, meanwhile telegrams
were sent to New York to the authorities there,
who have for some time been in quest of the
In an interview with a reporter of the Globe
Mr. Lodge made the following statement: The
real name of the man in question, he says'is
Thomas Joseph McAffoe, his age about thirty,
and that in September, 138U, he was united in
marriage with Mis<i Annie Lodge, at Dublin,
Ireland, where both resided, McAffee being em
ployed as thu manager of tbe largest
music bouse in that city. September, Bth, 1881,
McAffee deserted his wife and their bube, then
three months old, aud proceeded to Paris, where
he met the dashing Countess Yon Mutechen
brecht, formerly Mi«s Clara Mead, daughter of
Commodore Mead, U. S. A. The couple fell
hopelessly in love and immediately sailed for this
country, and on the 25th of November, ISHI,
were married in New York city by the then Mayor
Grace, McAffeu being married under the name of
Natrel Murray. The couple took np their
residence in a swell flat at Harlem, the man ob
taining employment in an insurance oftlee on
Broadway. New York city. There Mr. Lodge
found his quondam brother-in-law, a few months
ago, and immediately caused his arrest for big
amy. Judge WaNh, of Brooklyn, held that a*
.Vr. Lodtfe himself was not the injured party, he
was not competent to institute proceedings.
The deserted wife was then sent for. and
shortly arrived at New York, where she now is,
bnt in the meantime her husband haJ'-skipped."
and his whereabouts were unknown, until the
accidental meeting in St. Paul, Mr. Lodge having
came here on other business.
According to the narrative of Mr. Lodge, the
truant husband not only stole himself away, but
stole $2,000 of his wife's money, and without the
knowledge or permission of his employers be
came their debtor to the amount of S2f>,ooo. Tbe
"countess" who chose this young man for her
third husband is stated to be a lady of fortune,
who has cheerfully drawn on her funds to pay the
bills incurred by their luxurious mode of. living.
It is probable document* will be transmitted
authorizing the arrest of Mr. McAffee — Murray,
if be has considerately remained in the city since
meeting Mr. Lodge. Bnt if not overtaken now,
sooner or later be will be confronted with his
criminal wrong, and then the may be effected
the release of the wife so deeply wrocged by the
man whose baseness merits the most condign
Johnny Kelley, a lad employed to light the
ga«o!ine street lamps on University avenne, in
the north part of tbe city, clambered up one of
hi? posts esriy laat evening and struck his match,
when he was instantly inveloped in flames, his
coat set on fire, his left arm and side very badly
burned and hU face and bends also blistered. A
person passing by stripped the burning garment
from the lad. He was taken to Dr. Davenport,
who dressed his wonnds. and he was taken to his
home. The supposition is that the gasoline was
leaking from the lamp.
.Lots of People
Get bilions, have heavy headaches, month
foul, yellow eyes, etc, all the direct result of
impure blood which can be thoroughly
clensed, renewed and enriched with Kidney-
Wort. It acts at the same time on tbe Kid
neys, Liver and Bowels and has more real
virtue in a package than can be found in
any other remedy lor tap same class o!
1 . _.:.jll—j:.;- " . : ) - ; k-^/-- .
Closing Proceedings of the Na
tional Association at Saratoga.
Numerous Papers Read and the An
nual Banquet Disposed of.
State Banking Law in Wisconsin.— The Pre
vention of Panics.
A Cashier's Plan for Guarding Against
Sabatoga, N. V., Aug. 14.— At the bankers'
convention this forenoon the report of the nomi
nating comm ittee was read and adopted. The
officers elected are the same as last year with the
exception of E. Francis Riggs in place of John
A. Cresswell, for the District of. Columbia, and
Joseph H. Oglesby, president of the Louisiana
bank, New Orleans, for Louisana, in place of J.
J. Ralnleton, Saratoga, cashier of Citizens' Na
tional bank of New Orleans ; Abraham A Bige
low, president of the Massachusetts National
bank, Boston, in place of Chas. P. Smith, of the
Continental bank, Boston; Isaac Dauforth, Jr.,
president of the First National bank Richmond,
in place of John P. Branch, president of the
Merchants National bank of New York, made
chairman of the executive council, and Jmnes H.
Bowie, president of the Boston National bank,
and J. 11. Millard, president of the Omaha Na
tional bank, in place of Chester Gould, of the
Boston Manufactures bank, and J. 11. Vetler,
president of the Union National bank of Minne
apolis, respectively of the same council.
THE POTTER BILL.
Judge Poland, of Vermont, made reference to
the Potter refunding bill as read yesterday and
spoke of the sound sense it contained, and con
cluded by calling on Mr. Potter, of New York,
the organization of the banking system of conn
try, and whose views are embodied in the above
bill, to make some remarks.
Afr. Potter took the platform' amid loud ap
plause. He made a brief reference to the pres
ent banking system as one to which he gave his
early attention. He did not want the system
used to perpertrate a national debt line to be
usefnl as long as the debt remains. He hoped
the bill will be favorably considtred in congress.
If pust-ed ita effect will be to place our banking
interests upon as high plane as any nation in the
PAPERS AND ADDRESSES.
Address of A. Oberndorf, of Kansas. Pa
pers — Benjamin C. Wright, of San Francisco,
"Banking and Business of California;" Charles
Jenkins, (New York) on "Collector of County
Checks;" Daniel Geary, of New Mexico, on
"Raised Drafts;" General Elmer, of New York,
on "Corporate Sureties;" H. VV. C. Yates, of
Nebraska, and John Thompson, of New York,
on "Prevention of Panics;" H. H. Camp, of
Missouri, on "Banking in Wisconsin;" and B.
Hinchlan, of Michigan, "Banking in the State of
ADDRESS OP MK. GEARY.
Having been compelled, like too many other
bank officers, to give to the subject of "raised"
bank drafts considerable thought recently, I find
that I have about reached the conclusion that
there is no such thing as absolute safety under
the present system, and that we must assume
great risks in such matters, or handle drafts only
when presented by parties entirely responsible
and able to refund in case of loss. This method,
or plan, to me appears impracticable, because
frequently persons well and favorably known
may endorse, or present for payment, drafts of
this character which they may have become pos
sessed of honestly, yet should the draft prove
fraudulent would be unable to reimburse the
bank which advanced the funds; and such a
draft may pass through numerous hands, and
with perhaps a dozen or more endorsers, before
final puyment by the drawee ; and no person can
say where the loss will fall, as many of the en
dor.-crs may be irresponsible.
Under these circumstances it strikes me that
a secret cipher code might be adopted by all
banks and bankers respectively, to be printed
aud circulated under the authority of your asso
ciation containing also the signatures (copies) of
officers authorized to sign drafts and c. ds. on
behalf of any such bank. The cipher indicating
the number of hundreds or thousands of dollars
for which a draft Is drawn, to be entered upon
the face or back of every such draft. This book
or phampjet to be sent to all banks on payment
of a stipulated sum, to cover cost of publication,
and to be kept in the exclusive and careful
custody of the managing officer, for reference in
all casfts of doubt, or when drafts are presented
by strangers. Such a system would give the
earliest possible information of any change
from original amounts, and obviate the necessity
of telegraphing to ascertain t,he true amounts.
All changes of signatures of signing officers to
be reported monthly and distributed. I should
be k'ml to have you present this scheme to some
bank officer of New «York of long experience for
his views, for to inn the plan looks feasible and
of great ntility. The cipher could be changed
annually if deemed advisable.
ADDRESS OF MR. THOMPSON.
Three years ago, at onr national convention, I
paid: "We are positively going to fast, and it is
the part of wisdom, and I conceive it to be but
onr duty to put on the 'brakes,' that the wreck,
when it does come, may be less disastrous." The
anticipated ten-year panic, has come and Is pass-
Irq away. I hope and trust that it is about over,
and that we shall nee the rainbow of prosperity
speedily. At uny rate, the revulelon has cufri
ciently culminated to teach us many good
lessons. Among other things, we may learn:
Firnt — That one extreme U followed by an op
posite extreme, The "boom" of 197H, 1879 and
1880, was but the forerunner of the recent dis
astrous and deplorable reaction.
Secondly — Great prosperity Is demoralizing.
It stimulates the almost universal desire to get
rich in haste ; commercial and financial gambling
grows runk, opening a broad road, a double
track, down grade to bankruptcy, defalcation,
domestic misery and suicide.
Thirdly — Good men often lose their head In a
"boom," as exemplified by the unfortunate posi
tion of a number of prominent bank officials in
New York city, as well as a hundred or more
brokers, and another hundred merchants. The
prevailing idea is that men lose their heads in a
panic; the panic only develops the fact that they
lose their heads in a '-boom.''
Fourthly — Bank officers should manage their
bank and live on their salaries. Depositors and
stockholders forfeit all sympathy if they tolerate
a speculating official to stay one bonr In charge
of their assets. Turn the speculator out or get
out yourself. Figure-bead directors should also
go, or be held individually liable.
Fifthly — Congress has failed to act on a
measure which I advocated at onr last con
vention, and which I now beg to reiterate, as
Whereas, Tbe advantage and the necessity of
providing for an increased or extra issue of cur
rency, which will meet and break the force of
financial revulsions, and protect business inter
est*, has been practically and successfully dem
onstrated in England : and
Whereas, Existing law 3in this country are
entirely wanting in any provisions of this char
acter: therefore, be it
Rt*olted, That this convention recognizes the
necessity of legislative action to provide for the
protection of the vast and continually increasing
monetary interests of this country in times of
financial revulsion, snch as recur periodically.
Retolttd, That congreM should enact a law in
vesting the secretery of the treaeury with full
power to receive any United States bonds not ex
ceeding in amount $100,000,000, and to issue
therefor currency notes equal in amount to the
par value of the bonds deposited, and accrued in
terest on tbe same. Interest on tbe bonds while
on deposit to accrue to the treasury. Depositors
to be allowed to redeem bonds at any time with
ont notice. Bonds to deposited to be subject to
a call for redemption upon sixty days' notice
from tbe secretary, and to be forfeited to the
treasury upon failure to respond to snch call.
The secretary, in the exercise of tbe authority
I so delegated, to act by and with the advice and
consent of the president of the United States,
and nnder such further restrictions as the wis
dom of congres* may provide to guard against
its improper exercise.
Ruolttd, That the executive council of this
association are hereby requested to adopt, as they
deem beet, tbe needful measures for properly
laying this matUr before congress.
It requires no elaborate slndy to understand
that this measure, had congress adopted it would
\ have allayed the appreheneion of disaster, par
ticularly with savings bank managers. It will be
observed that tbe proposed measnre does not
limit the issue of currency to banks, bnt em
braces all holders of United States bonds.
The clearing bocse action of pooling wsete !
and compelling the strong banks to snstain the j
weak, aeemed a wi»e measure nnder pressure, as
it warded off a general suspension. At the same I
time, snch a coarse i» open to grave objections, |
as the banks thna at rociated are deprived of in- .
dividual freedom of action, and tbe measure
which I have proposed for the consideration of
congress, would provide far more desirable
me »ns of protection in times of panic.
The panic is connection with onr bank «■•»
-ageraent and clearing house legislation, has
made apparent the necessity of a large and inde
dendent institution in the city of New York,
where the banks of other cities can keep their
reserves and surplus balances — feeling certain of
their controllability when needed, and also shar
ing in the interest that can be safely earned ou
such balances — a bank that will be to this coun
try what the bank of England Is to Great Britain.
The time is now auspicious for organizing such
an institution, and the national bank law is
adequate, and invites its organization. The
stock of this controlling bank should be taken
mainly by banks, trußt aud Insurance companies.
The idea has been advanced that the National
banks canuot subscribe to the shares of such an
institution. This is an error. They do invest
iv stocks and bonds less legitimate than such a
subscription. An Interchange of opinion in this
movement, to ascertain its chances of success, is
recommended, aud after the presidential election
a meeting of bank officers should be held, that its
merits and demerits may be fully discussed.
It is a source of pride and congratulation that
we have waded through such enormous deprecia
tion, such a wiping out of wealth, and still in the
main, are in uood condition. We must expect
to remain in harJ-pan for a while, for a vast deal
of settlement, adjustment and compromise is now
in order. Those that have suffered . most will
know the most in the future.
Many features of this pnnlc are unique ; form
erly panics preceded depression, this time the
great depression preceded the pani:; former
panics were accompanied by a stringent money
market; now, money has been abundant and
cheap, with a good promise for an import of
All that is wanting is confidence ; from these
facts, I reason that a speedy restoration may be
MR. CAMP'S REMARKS.
State banks in Wisconsin are required by
statute to report under oath of president or cash
ier on the first Mondays of January and July a
true statement of the following items before any
business done on these days: "Loans anoVdis
counts; our drafts; due from banks; due from
directors of said banks; due from brokers; real
estates ; cash items ; stock and promissory notes ;
bills of solvent banks; bills of suspended banks;
loss and expense accounts ; capital; circulation;
amount due to state treasurer; amount due to
depositors on demand; amount due not included
under either of the above heads." This report
to be made to the state treasurer, and also file a
copy of said report in the office of register of
deeds of the county where 6uch bank is located,
on the first Mondays of January and July of each
year, penalty for neglect, SI 00.
Private bankers shall report semi-annnally to
the state treasurer "amount due depositors, the
amount of funds on hand, the names of the per
sons interested in or carrying on said business,
the total amount of capital stock in said busi
ness, and such other items as far as practicable
as banks under the state banking law are re
quired to report, and shall be verified by the affi
davit of such person or some member of such
association or corporation." The penalty of vio
lation of these provisions is $100.
There is a general statute law authorizing sav
ings banks in Wisconsin, but there are no savings
banks organized iv the state. There are several
banks organized under the state banking law
with the word "Savings" incorporated in their
name, and there are banks and private bankers
with "Savings departments," but in all such
cases in Wisconsin the so-called savings deposits
are used with other miscellaneous deposits, and
subject to the same vicissitudes.
There is no provision in Wisconsin for the in
spection and examination of state banks, savings
banks, private banks or trust companies.
No banking institutions are in existence in
Wisconsin doing business under a special char
In concluding this brief reply to the questions
proposed to me, I would tuggest that the conven
tion should ask of congress ample appropriation
to pay express charges both ways on not only na
tional bank but legal tender notes and gold and
silver certificates for redemption and returns
when not fit for circulation. A large amount of
the paper circulation is really disgraceful; banks
do not like to endure the cost of express charges
and ought not to be required. Congress and the
mercantile community ought to be told what I
presume scarcely one iv ten knows, that the
Bank of England never rcißSPues a note.
A 1.A111.E M\VHl:il OF LETTERS
from prominent members of the association all
over the country were read. A communication
from Fred Walsh, of Oregon, on "prevention of
panics an regards imports of the country" was
referred to tbe executive council. A "paper from
E. B. Judson, of Syracuse, on "national banks"
was read by the secretary.
Geo. S. Coe, of New York, was naked to speak,
and made few complimentary remarks in favor
of the association, and some extended remarks
upon the national banking system as it now
Jas. Patterson, of Philadelphia, considers the
silver question one of the most important fea
tures of the time, and urged members to work
earnestly and carefully to have it repealed.
Mr. Stndenburger, of Louisville, made a few
remarks in favor of larger cash reserves, and
thought it was promotive of the true interests of
banks. The maintenance of liberal cash re
serves lay at the very foundation of a correct
and safe banking system.
The lowa City Riot.
lowa Citt, Aug. 14.— The city pasßed a fever
ish night, after the tarring affair yesterday and
attacks upon witnesses in liquor prosecutions on
the streets. Last night special police guarded
the town. Warrants were issued last night for
the arrest of the ringleaders of the mobbing af
fair, but owing to the excited condition of affairs,
the officers have not yet served them.
Washbnrn Port List.
[Special Telegram to the Globe.]
Washburn, Wis., Aug. 14. — St. Louis cleared
for Buffalo; Arizona arrived from Duluth.
J-^ PACIFIC Railroad
I I ITI\CI OvEB 1,000,000 Acres In Mrs-
I 1 !l!l|\ nesota; 8,000,000 Acbeh in
ii[\ 1 Bfll. North Dakota; 19,000,000
mjiJ - LlJLf *~' - Acres in Moktaka : 1,750,000
Acnes in Idaho, and 13,000,000 Acres in Wahh
ixotom am) Okeqon. These fertile lands are for
sale on easy terms at prices ranging chiefly
FROM J3 TO $5 PER ACRE.
The Northern Pacific country Is the newest re
gion open for settlement, but the richest in
natural resources. Its exceptionally fertile
*oil, well watered surface, fine wheat and fanning
lands, best of cattle grounds, large bodies of
timber, rich mining districts, healthful climate,
great navigable waters, and grand commercial
opportunities are the chief attractions which in
vite a large population.
UnrfTP 10,818,433 acres, or more than half
111 lIHof a " >he Pnblic La nds disposed of in
11 U ILi 1883 were taken up in tbe prosperous
Northern Pacific country.
AQ(\ Acres of government land Free to Set
xOU tiers nnder the Uuited States Land
TIT A X>C and publications descriptive of
i.»XxjLX fj the railroad and government
lands sent free.
Apply to or address R. J. WEMTSS,
General Land Agent;
Or, Chas. B. Lamborn, Laud Commitiiiloner,
St. Paul. Minn.
Pure Hemp Binding Twine, in
large or small lots, by ad
WM. M. BUSHNELL,
381 East Third Street,
227-28 ST. PAUL, MINS. -
( I.IIPAIW B!Y\ERS!
Flags, Torches, Etc!
fi. F. Foster, Son & Co.,
23 EAST WASHIWM ST.. CHICAGO.
. tar~Send tot Illustrated Qtulosm*. '-. * ; ' aao .
OU Pianos an J Organs
FOR NEW ONES.
Recent additions to, and improvements in oar
Enable us to Offer
SUPERIOR INDUCEMENTS !
•To parties desiring to Exchange Second-hand
PIANOS OR ORGANS for new ones.
We shall be pleased to call and give you an ••
timate of value on any snch instrument you may
St. Paul and Minneapolis.
418 Wabashaw street.
Sohmer, Decker Bros, and other PIANOS, New
and Second Hand. .
Estey, New England, Smith, American, and
Everything in the line of Musical Merchandise,
at lowest prices and best terms. 130-1 j
For Pianos &Organs
For Easy and Best Terms,
; For Catalogues and Lowest Prices, .
lor Agencies and Territory. Address
0. W. YOUNGMAN,
115 E. Seventh street, ST. PAUL. :
GRAND OP^RA HOUSE
, TO-NIGHT !
THE GREATEST OPERATIC SUCCESS,
THE MERRY WAR!
Carletoa English Opera Co.
Reserved seats now selling.
St. P. &D. R. R. will run a train to White
Bear Lake after each evening performance.
GEORGE W. GETTY,
/ Eo¥ BOATS AND OARS FOR SALE.
WHITE BEAR, v. ; ;-/.;. f;- : ' • ■ ; MINK
Fnn&thn4w . i%c'^j
THE PROUD MAN.
A CHARACTER SKETCH!
What hag a proud man to do with the clothing
bnslnexe? Generally vsry little, as prond men,
a- a rale, are too conceited to patronize a clothing
atore, but pay exorbitant prices for "made-to
order goods," when if they were lean blind to
their own interest they would do as the largest
portion of tbe be»t-dre»Hed men in St. Paul are
doing, viz., patronize '-THE BOSTON."
Our "Red Figure Sale 11 i*. as usual, a success,
our many bargains attracting ho.-ts of customers.
It looks now an though we should not have to
pack away a xummer «uit. This Is Jnist what we
want, and is the sole reason for our "Red Figure
Sole, 1 ' to clear out our summer stock, if low
prices will do it.
-, Cor. - r ßM:aßtßflMffi.i St PanL
iPPUCif FOR SPACE !
:'..>..■■':" , ,■.,.,.,...■■ . ..- .. ; .., -j.
All persons desiring /tpacefor ex
hibition in approaching Fair and
"Exposition will please make form
al / application for the f: same,
blanks for which will be furnished
on app lication to the under ned
Room 6% So. 13 Washington Are.
CHARLES II CLARKE,