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THE AJLlGUS; FRIDAY. NOVEMBER 0. 189 1
; LACE Y'S DEFENSE.
The Currency Comptroller and
OFFICIAL ACTION 15 THE MATTER.
Be Claim to Hn Been Over-Cantlans
Rather Than Otherwise An Extra Ex
amination Made and the Bank Kept
Open on Advice from the Boston Clear
ing Hoik Unsafe Method That Were
Mot Contrary to law French Com to
Jail for Want of Ball. '"
Washington, Xoy. 6. Mr. Lacey is be
sieged with inquiries concerning , the
charge aod counter-charges over the
tig Maverick bank failure-in Boston. ,.IIe
Is reluctant to talk, but in view of the
charge that Bank Examiner McGruder
reported the baak insolvent last January,
nd urged that it be closed up, Mr. Lacey
"In January last Bunk Examiner McGrnder
reported to ipj that the directors of the Maver
ick National 1 ..nk were indorsing, in his Judg
ment, too much of the paper disconnted by
that bank. There is no law to prevent this.
One director can indorse all the paper of his
Dank u be wants to. but it is, of course, unwise
and unsafe, and I immediately wrote the bank
admonishing not to do so any more.1
Ordered a ftpeelal Examination.
Did Examiner MoOruder, in that report,
say he was not Ratlsfliid with the securities
held by the bank anil aid you reply that yon
won Id be responsible for the baak?"
"No, sir. H made no such statement in tvat
or any other report, and I. of course, made no
each reply, ln the contrary, 1 not only ad
monished the bank, bat in August I ordered
a special examination of its condition al
though Bank Examine? McGruder reported
that it was ioproving and apparently thought
the examination fould Just as well be deferred
until the regular time came around in January
Still on Too Mach Paper.
"As a result, of, the lliirty days" examinat ion
which he then made Hank Examiner McUru
der reported about the middle of September
that the dirirtors were on too much paper
and abw, 1 believe, that there was a small ex
cess of loans above the statutory limits a
thing which is apt to hapien, especially in
New York and Boston, with banks having
mall capital and large business. But neither
in that report nor the January report did Mr.
McGruder report that there were any losses
which would impair the capital, or any ac
' count or fact indicating prospective insolv
ency. Apparently the paper which the bank
had discounted was all good and apparently
the securities were satisfacterv.
President Potter's Promises,
"Nevertheless. I wrote Ircsident Potter
again and he came here and spent half a day
in my oftice, going over the details of the bu -nesswith
me, and promised in thirty days
from that time, which was about Sept. 30. to
have it all straightened out. All this time I
had heard notbing else unfavorable about the
tank. In fact t he hanlj examiner reported in
September, as lie had all along, that it was
improving. 1 Lad ordered tiie semi-annual
special ex;m;r..i.tinn in August, not because I
had any ne information or any special rea- n.
but out of abundant caution. After lresident
l'otter left. V'Kuising to set riitht the ouly
wrong thinc : iKiited, I heard nothing more
ttiat was uufuvoraV.e until after the suicide of
Only an Administrative Oflieer.
"Then I learned that the Winthrop National
hank had tklined to accept the certined
check of the .Maverick National hunk, and that
it was recurred as in danger. From that day
1 have had the Iwitk examiner watching for
tHe first act of insolvency which would justify
the closing of the bank, and have been in con
scant consult. ition with the clearing house
committee, whose local knowledge wns far
more exteusiv ami accurate than mine, and
who were probably better judges of the Iwnk's
local di&couuts. securities, ete. I am an ad
ministrative, not a judicial or legislat ive, otliccr.
I can only do what the national hank ai t says
I can do, no more, and this is just what I have
done in this rase.
lld Vat He Thought Kight.
"If I had closed the bank against the advice
of the clearing house committeee, which fs
late as Friday last sent word to me that it
ought not to be closed, I would have been crit
icised more severely than I am now. I have
done in this case, as in every o her, jnst what
I thonght was right and shall not be disturbed
by unjust criticisms."
FRENCH HAS TO GO TO dAIL.
Ills Friends Cannot Kaise That 75,000
BosTOS. Nov. 6. Since his arrest on
Monday night Col. Jonas II. French bas
been in tbe custody of the United States
marshal in default of 175,000 bail. Since
that time be bas been making the most
strenuous efforts to obtain bail, but has
found his closest associates out of his
reach since trouble overtook him. But
two men presented themselves to sign the
bond of ST5.000 required to secure him bis
liberty, but neither was properly quali
fied. Rtetson Demanded Securities.
During the day. Mr. John Stetson was
appealed to by a friend of French, bat be
would not furnish bail nnless $75 000 in
good securities were placed in his bands
s in case French forfeited his bonds. Colonel
French's friends, who were willing to
give an indemnity bond, have been trying
all day to comply with Mr. Stetson's re
quirements but were unable to make ar
rangements. Early last evening Colonel
French was committed to jail.
Lacey Goes to Boston.
Wasitjngtos', Kov. sfi Comptroller La
cey text as.uinei.op. jesteruay auernoon
for Boston, Mass., to look into tbe affairs
of tbe Maverick National bank. He will
exercise personal supervision over tbe
work of investigation iiow beiug con
ducted by government experts.
Pension legislation Asked For.
' WashisGVJx. Soy. 6 Assistant Secre
' tary of the Interior Bussey in bis annual
report recommends the enactment of laws
for tbe recovery f money wrongfully
paid for pensions; enabling the beirs of
soldieri who technically were not "honor
ably discharged," wben the cases
are meritorious, to obtain pensions:
and. . giving men who' served ' in
the Confederate army and later enlisted in
the Federal army and were honorably dis-
charged tbe same pensionable rights as
aur other soldiers. . .
Used in Millions of Homes
ROBBED AN ltURANCE COMPANY.
A Man Commits a Penitentiary Offense
Simply for Friendship.
New York, Nov. 6. John J. King, a
respectable citizen of Brooklyn hitherto,
was ar-ested last night at 653 Third ave
nue th.it city at the request of the Boston
police. Tbe charge against King is a
peculiar one, involving him in a fraudu
lent transaction from which, as far as
known, he bas neither received nor ex
pected i;ain. : Some months ago a friend
of Kins, dying with consumption, and at
that time in the last stages of the disease,
applied to tb Boston branch of the New
York L fe Insurance company for a policy
of f2,00C on his life. Knowing that in his
condition it would be impossible for him
to pass nn examination or get the policy,
be arracged with his friend to imperson
ate him before tbe examining physician
and secure the certificate in his name.
1 ho Bloney Daly Collected.
This was successfully accomplished, as
alleged, by King, and the policy secured
without the company suspecting that auy
fraud bad been perpetrated upon them.
In due cc urse of time the sick man died,
and demand was made upon tbe company
for tbe payment of the insurance money,
which, a everything appeared regular,
was done the amount being turned over
tothederd man's widow. Recently tbe
Boston manager discovered that all was
not as it should be, and tbe matter was
investigated, with tbe result that the de
ception wts discovered and a warrant is
sued for Kin "V arrest.
CAFTURE OF MUSGRAVE.
The Alleged Insurance Swindler Caught
at U Tanl.
St. Paci, Nov. 6. Musgrave, the al
leged insurance swindler wanted in
Chicago, V as captured in St. Paul last
evening. Musgrave is charged . with
buying a skeleton in St. Louis, and
placing it in a building in Indiana
and burning the house to se
cure the life insurance of tbe man whose
remains it was supposed were found. He
had $15,000 on his life, and bad not been
beard from since the honse burned down,
although a tive efforts were made to catch
Htsro.-k To Be War Secretary.
New Havex, Nov. tt. Information was
received by The Palladium last night,
from what it terms a source of undenia
ble authority, that Senator Uiscock has
been offered the portfolio of secretary of
war by President Harrison to succeed Mr.
Proctor, wb' has resigned. The informa
tion also s ates that it is intention of
Republican managers to fix upon J. Slont.
Fassett as Mr. Hiscock's successor in the
Was Loyal to Ralmaceda.
St. Lons. Nov. 6. Otto Richard Kint
zel, a fugitiv? from Chili, arrived in this
city on Tuest ay penniless and looking for
work. Kiotel" loyalty to Balmaceda
resulted in his property being confiscated
and burned a ad his being obliged to leave
tbe revolutic uary district in baste. His
press and book-binding machinery in
Santiago wen; chiefly used by Balmaceda
in issuing h's printing and in promulgat
ing his proclamations and orders.
Fast Race at St. Louis.
ST. Ixjris, Nov. 6. Sporting circles are
agitated over a foot race Wednesday be
tween Billy Joyce, formerly third base
man of the Boston Association, and a cer
tain professioi al sprinter who is sailing
under the name of Phil Doyle. The
match was f-r t250 a side and the distance
was 100 yards. Joyce got away first and
covered the dutance in lOJf sec.-nds, beat
ing Dole by three feet. About $2 000
changed hands on the race.
Will Be on the Safe Side.
New York, Nov. 6. Secretary Tracy
was at the nt.vy yard in Brooklyn on
election day conferring with Command-
act Erben. Secretary Tracy, when ques
tioned, said ha anticipated no serious
hostilities in regard to the Chiliau affair.
He nevertheless intended to be on the safe
side and has on ered that every ship at tbe
yard shall Tse g itten ready for sea. Com
mandants of other yards are under simi
Why Egan's House Is Watched.
Lokdos, Nov. 6. Tbe Chilian question
was made more interesting yesterday by a
telegram from Valparaiso stating that the
government ha 1 doubled the number of
watchers in the vicinity of Minister Kgan's
residence at Sattiago. The Chilians ap
pear to be on the lookout for some promi
nent Balmacedist, who is suspected of
being in Egan's bouse with tbe intention
of slipping away unobserved.
Very Likely It Will, John.
Sax Francisco, Nov. 6. John L. Sul
livan was the gu.'st of the California Ath
letic club Wednesday night, and in a
speech said: "Idan't say whether I will
fight or not, but . t will probably be along
in September or October when I shall
have nothing to do. and then tbe world
will bear from me."
Will Accept Lower Wages.
LTX!T, Mass., Nov. 6. The men at
Charles B. Tebl ett's shoe factory have
voluntarily offere 1 to accept lower wages
in each branch i."Mr. Tebbett will return
his bottoming shi p to Lynn and tbe work
to Lynn workmen. The offer will be ac
cepted. Construction lock Sunk.
New Orleans, Xov. 6 The large con
struction dock brcught from Cincinnati
two years ago and anchored at Algiers,
opposite this city, sank yesterday. Ef
forts will be made to raise it. If they are
unsuccessful the money loss will be $25,-
Will Not lie Interviewed.
New ORLEANS, Nov. 6 Minister Montt
cf Chili still declines to be interviewed.
He went to tbe Slip landing yesterday
to meet bis wife ami tbe members of the
Chilian legation. The latter will prob
ably leave for Wasl ington soon.
40 Years the Standard
ABBREVIATED TELEGRAMS. i
Snow fell at the national canital veater-
Four stockmen were killed in a collision
near Waco, Tex.
A syndicate has been organized to raise
barley in North Dakota.
O. C. Easterly, middle-weight champion
of Michigan, in an eight round fight, beat
Dan Godfrey, of PaiUtielphia.
Admiral Jorge Montt was elected presi
dent of Chili for the term of five Years.
lie will be inaugurated on Doc 28.
B. S. Barrett has been arested at Cleve
land, O., charged with duplicating prom
issory notes to the amount of $75,000.
Dr. Horatio N. Hurlbnt, a well-known
physician of Chicago, where be bad re
tided since 185 1, is dead. He was 85 years
A. S. Conger, the' Ohio member of the
Republican national committee, an
nounces himself as favoring Blaine for
Charles A. Durgin, of Kansas City, at
tempted suicide, but was eared. He said
that reading Bulwer Lyt ton's works made
Marshall Scott, a Chicago character,
fell down stairs wbilo drunk and, alight
ing on bis bead, died that position, as be
was found later.
The New York Chamber of commerce
asks congress to suspend ' e purchase of
silver and its coinage x. .1 an interna
tional agreement is reached.
Frank McLain, of Topeka, Kan., killed
his 9 months-old child by striking its bead
igainst a door. He is under arrest, and
an attempt was made to lynch him.
A plot to murder General Canto, the
commander of tbe Congressionalists'
army in Chili, is reported to have betn
discovered just in time to save the gener
The report that the Brazilian congress
bad been dissolved and martial law de
clared in that country is confirmed by a
dispatch from the United States minister
to that country.
Scott Wiku, the representative from the
Twelfth Illinois district, announces him
self in favor of an income tax, because
under a tariff policy the rich men pay
nothing on articles of necessity.
Theexecutivecommitteeof the Woman's
Foreign missionary society of the M. E.
church adjourned at Kansas City after a
ten days meeting. The amount of money
wanted for the coming year, $278,000, was
Judge Tuley, of Chicago, refused a di
vorce to a man weighing 145 pounds who
swore that bis wife whipped him, she
weighing ouly 125 pounds The judge
said that if he didn't have spirit enough
to prevent his wife whipping him he musi
continue to suffer.
Much Howling, bat No Gore,
Coek, Nov. 5. Mr. John Redmond,
Parneliite candidate, has successfully ob
jected to the admission of representatives
of Flavin, a-ti-Par nellite, to the count
ing of ballot, tomorrow, on the ground
that the required legal notice had not
been given. Rival meetings were held
yesterday in the cattle market. Tbey
were attended by much howling, but no
A News Man Ordered Out of Russia.
Loxnos, Nov. 6. News bas been re
ceived that Joseph Pennell, in the employ
of the London Illustrated News and of
t he Scri bners, American publishers, was
arrested at BerdichfalL Russia, and after
being confined thirty-six hours, was or
dered by the governor of Kief to leave the
Woaidnt Sell Him a Drink.
New York, Nov. 6. Thomas Fort
une, the colored editor of Tbe Age, has
sued James Trainer, owner of a hotel at
Thirty-third street and Sixth avenue, for
flO.OO I, because he was refused a drink at
Trainor's bar on account of bis color.
The Weather We May Expect.
Washington, Nov. ft. The following are
tbe weather indications for twenty-four hours
from 8 p. m . yesterday: For Michigan and
iscon&in rair weather; winds becoming
southerly; warmer, with increasing cloudiness
and probably light rain tonight and tomor
row. For Illinois Fair weather; winds shift
ing to southerly; warmer and fair to-morrow.
For Iowa Slightly warmer, fair weather-,
s-iutherly winds; probably fair tomorrow.
For Indiana Slightly cooler, fair weather;
northerly winds; slightly warmer and lair to
Chicago. Nov, .
Board of trade quotations fur tolay were
as follows: Wheat No. I November, opened
MSsc closed etc; Decemlter, opened BT$sc,
closed V-s May. opened tLO!H: closed $L.
Corn No. 2 November, opened 63c, closed
53.1-ic; year, opened 46iic closed 4VJ4c; May,
opened 437ic closed 44c Oats No. S No
vember, opened and closed 33c; December,
opened Sic closed 31c; May, opened 83c,
closed 33c. Pork December, opened $6.65,
closed S.STVi; January, opened $11.50, closed
tlLSx May. opened (11.87)6. closed $11.81.
Lard December, opened $&S7'-b, closed
Live stock Prices at the Uoion Stock
yards ranged as follows: Hogs Market
a the on packing and shipping account, and
feeling firm: price llc higher: sales ranged
a'. $.fitl(?to.5 1 pigs $'i.'i534.u5 light, $3.7lKi-,a.1 0
r nigh packing. J3.7.'&4 mixed, and i3.U5
44.44i ne.-vy packing and t-hippiug lots.
Cattle Market rather active on local and
shipping account, t and prices well main
tained: quotations ranged at ti tt6.ii prime
to shipping steers, (4.3 -&.J.9J goui to fancy do.
li.UUui.4.iu common to fair do. $o.604.2o
butchers' steers, tl.805i2.63 stoekers, $2.0uaH.10
Texans. $'.'.5C i.i. W raugers $2.50 &&25 feeders,
$l.o0&3 SO cows, flVj,:.li bulls, and $2.50&3.0U
i'roduce: Butter Fancy separator, 28c per
lb; dairies, fancy, fresh, 23ijj!oc; packing
stocks, fresh. 14?-.15c. Kngs Fresh candied,
loss off, ItSc per dox; ice house stock. lt318lsc.
Live poultry Old chickens, "KftSc per lb.
spring. Be; roosters; 5c; mixed turkeys, S&HIc;
ducks, mixed, 9L)c: geese, $i.50S-5 per dux.
Potatoes Home grown. 405iSOo per sack; Wis
consin and Michigan common, 2m325c; good to
choice, il&33o per bu; sweet potatoes, Illinois,
$1.2."2.L50 per bbU Jerseys, $X.W2.75. Apples
Common, $1.2frl.6Q per bbl; good. $L752.00;
choice to fancy, fcJ.tS&iSO. Cranberries -Cape
Cod, fancy, JB.'-0tai7."U per bbU Jerseys, $5,753,
Sheep Market fairly active, and prices nn-
hanged: quotations ranged at $3.M&4.7J
est eras, $&6U35,10 natives, and ti.& Ktf&M
New York, Nov. 5. "
Wheat No. 2 red winter cash. $1.U3H:
November, tl.ft'i; December, $1.4S: Janu-
uary. $1.08W: February. $1.10. Corn No. 2
mixed cash, 71c; December, 58c, January, Sfic;
February, 64c Oats Dull but steady; No. 2
mixed cash. 3H33Hc: December. 88!4 Janu
ary, Wc. ' Kye Stronger bnt slow; western,
$l.U0ft&l-( all round. B.u-iey In more de
mand and higher: western for export. Pork
Steady: new jarsg, flLOU. Lard Uuiet; IK
cember. (6.6 January, $(1.88; February, $6.7u.
Live Mock: Cattle Ma met steady, but no
trading in beeves: dressed beef, firm; native
sides. 4?t per lb. Kheep and Lambs
Pheep, alow; lambs, steady; eheep $2.-K
S.UU per KX lbs; lambs, t&-0u&a.7o. Bogs-
Market steady; live hogs, $4.WJ,4.W per 100
Great Is the Base Ball Player.
Chicago, Nov. 6. Charles Comlskey,
captain of tbe St. Louis American associ
ation team, bas accepted 'an offer from
President Brush, of the Cincinnati
League club, and signed an ironclad con
tract running for three years. Comiskey,
It is said, is to receive 120,000 for bis serr
ices and a 20 per cent, share of the profits,
without sharing in possible losses He
will captain and manage tbe Cincinnati
team next season.
Heavy Fall of Snow in Virginia.
LEXINGToX. Va., Nov. 6. There was a
heavy fall of snow Wednesday' night in
the northern end of the Shenandoah val
ley. On the Blue Ridge mountains the
now yesterday morning was six inches
t Castle Damaged by Fire.
Brussels, Nov. 6 A dispatch from
Namur, capital of tbe province of the
same name, says that the castle ot Duke
Gernan Nunei has been partially de
stroyed by fire. The loss is estimated at
Garfield Park Bum.
Chicago, Nov. 6. The races at Garfield
park yesterday resulted as follows: First
Day, 1 mile, 1:44)1; Callie, mile, 1:15;
Tbe Scalpet, mile, 1:17; Indus, 1 mile,
1:45); Oakdale, mile, 1:16.
Tom Mealy to Contest Wexford.
Dublin, Nov. 6. Thomas, brother of
Timothy HesJy, has been selected to con
test Wexfo-d, made vacant by tbe resig
nation of John E. Redmond, now contest
Our Fall and Winter Over
coats will bear the close a t in
spection, and tlie gent'eman in
the picture says he can find no
fault with them, not even with
the button holes; they are all
wool and as wide as you care to
have them; artistically trimmed
and in point of style and fit
they are not excelled, not even
by the merchant tailor. Our
prices are always low enough,
quality taken into' considera
Snide goods .we refuse to
handle at any price. It's al
ways safe to trade at the
. SAM ARNDT, Manager.
1728 Second avenue.
'WriF ound Make aNote Of.1
When the professor strikes
the key his apt pupils will
make a note of it with no un
certain sound. j Musicians
would do well to make a riote
of this address 1726 Second
Avenue where is located I the
musical emporium of D. Roy
A b 4
M c I NTIRE
We are showing some extra
good values in our underwear
Ladies' ribbed vests, sleeves
Ladies' ribbed, natural, fall
Four numbers at
that are hard to beat. Ladies'
natural, plain; ladies' white,
plain; ladies' natural, ribbed;
ladies' white, ribbed.
Sock Island. Illinois.
THE LARGEST STOCK OF
IN THE THREE CITIES,
1525 and 1527
124, 123 and 128
. ROUND OAK STOVES
Are tlie Best.
Why bay the imitations? for all others are only that,
when you can buy the genuine
For nearly the same price
Who has also a fine line of WOOD MANTLES, HEARTHS,
GRATES, ETC. Sole agent
ACORN AND ALADDEN STOVES AND RANGES.
Cor. Twentieth Street and Third Ave.
113 and 115 Brady Street.
ROOMS 50c to $1.00 Per Day.
Hnuf actarer of all kind of
BOOT8 AND SHOES
Gent' Fine Shoe a tpedaltj. Repairing done neatly and promptly .
A. share of your patronage retpectf ally solicited. . n
Offloe and Bhop Corner Seventeenth Bt.
and BeTenth Avenue.
VAll klnda of carpenter work a specialty.
Qavenport Business College,
COMPLETE IN ATT. DEPARTMENTS.
FOR CATALOGUES ADDRBS8
J. C. DUNCAN, DavenporVa
v S THE POSITIVE CURE
I ELY BH0TH2EB, M Warren BW Hew York, mcewcv-i
iinea in, vari.,
from cheap to W
We Lav mnA . .
er than ever. All rH
w. Oe V I
Children", wool mix '
1 5c Pair
Sizes tx ,ki t?,r'
ladies' woolen u,.0. , . "
O ml 1 - "'-J ll
for the celebrated
ioio Becona Avenue, o
. . P.st Island
Plus and estimates for all kinds of bulidfcP
l ea application.