Newspaper Page Text
THIS A1WUS,,WEDNESDAY, JUNE 7, 1893.
Highest of all in Leavening Power. Latest U. S. Gov't Report.
SOLID AS GRANITE.
Chicago Banks Stand Against
the Savings Panic.
rHE FLURRY BEGINS TO SUBSIDE,
With Only One Hank I-mnndliir a Time
Until Hewvy Capitalists Heady to Shell
Ont When Siry The "W'ithdrawers
Forfeiting: Six Months' Interest and
Monopolising the Safety Deposit Vaults
No Tronble in Commercial Circle
Cause of the Kan.
Chi.CAGO, June 7. When the IlHnols
Trust company closed its doors after 2:30
o'clock in the moraine it bad paid the
last depos'tor who wanted his money at
that time. But the sun was hardly out of
bed before the savings drpositors began
collect i n j;. not only at this bank bnt at
others. The performance of the Illinois
Trust broke the record, it beincc the first
time in this country, so far as is known,
that a bank ' has remained open after
midniKtt in order to meet a run. Unt it
did not break the run. By 7 a. m. there
was a crowd at the bunk door and by the
hour of opening the line extended away
Into the street.
Five Concerns Cmlrr Fire.
At the T;ink of Commerce, farther Tip
the street., as well a at the Dime S.-ivinir
bank, the Union Trust ,iml the IliiM-riiian
brink the same scenes were being enacted.
By 1'" o'clock it was apparent that Mon
day' experiences would be repeated at e.ieh
institution. At some of them there were
double lines of d-;io-itors exteudiut: for
couple of blocks At oilier-' the crowd
extended .u into the ni:.! U f the street,
and thoe c nrposin it pushed their way
inside :w hi-st they could. Otlioers of all
the institutions insisted that they were
able to weather the storm, and with the
exception of the Dim!" Savings bank not
one hud found it necessary to enforce even
the thirty days' n'.ti::e rule.
solid i tlx- Hunk ii f Fngluml.
At the various national banks it was
said that the Illinois Trust, which has
savings li'roits subject to notice to a
total of tl0,."m,i(Ni, and individual deposits
subject to check of f7.5'H.OiK more, is as
solid as the B.-nk of Knuland, and the offi
cers of the institution insisted that they
could pay cfT every depositor in the savin.es
branch ami still have several millions left
for an emergency. Over $J,K10.(K10 in cur
rency bad heen nlT. rtil to it since the run
commenced. B. Z. loiter, one of the di
rectors, himself olTcred a round million,
but the assistance was declined with
thanks and an intimation that it was not
Only the SaviiiRs IVopln Seared.
It wrs noticeable that at nil the banks
beinc subjecti-d to a run I he applicants
were identified with the savin :- depart
ment, the bu-iness donu at the cotumerci.il
windows bi-ini; 'mly about an average.
While savings depositors would be crusii
ing tiiid struiinlinc at one i nd of an ofliee
to pet their money representatives of busi
ness houses would le handinv; in th-ir rolls
of currercy and bas of silver at the other
end. Nor was there any unwonted excite
ment apparent around any of the iiutiounl
banks for the first hour after the opening
ht thn Soii-cmI One I.ntte.
Probably 2,:0 people drew their money
out of the saviors tianks Monday, the
amount approximating 5f750.KK, the Illi
nois Trust alone letting go about $.Vt0.0O0.
On every 1,iHh drawn out the bank
saves 17 in interest which in the ordinary
course of business would be credited to the
deposits at the end of the half year, June
BO. By drawing their deposits out the de
positors forfeit the interest on the half
year from Jan. 1. to June 3J, !M.
A ltrue number of thos;? who have
withdrawn their m -ney fJom the
banks, within the past twenty-four
Loirs have deposited it. in safety de
posit vaults, and it is niwalmo-t inipossi
ole to secure a lock box at auy of these
THE RUN EEGINS TO ABATE.
Eerjlotly Paid M ho Wanted Money and
Millions In Sight.
The day's developments showed an in
creased steadiness among the money insti
tutions of Chicago. True the people con
tinued to walk up to the wickets of the
paying tellers to demand their deposits,
but the numbers were reduced, and a more
widespread feeling of confidence assumed
the place of the panicky outburst of Mon
day. Those banks upon which the run
was continued were the Illinois Trust and
Savings, the Hibernian, the Union Trust
and Savings, the Dime Savings, and the
iBank of Commerce, Those that demanded
the lawful noticeof withdrawal of deposits
were the Union Trust and Savings and the
In the afternoon it wbb ensy to see that
the excitement waa dying ont. Philip 1).
Armour was responsible for the allaying
of the fears of many of the depositors of
the Illinois Trust and Savings by walking
up to the line of people and announcing
that he would guarantee the payment of
their accounts or pay the same. About 100
of the frightened depositors took advan
tage of the millionaire packer's offer; some
accepted a written guarantee, Boine were
given checks, and in one case, that of an
old woman with a deposit of f 100, the
amount waa paid in cash.
The banks closed their day's business at
the usual hour and the directors make the
statement that they are prepared to stand
the run for an indefinite period and are
satisfied with the condition of affairs as
shown by the signs of returning confidence.
Little more than the usual daily demand
for currency in exchange for coin was
made at the sub-treasury by the local
banks. The Clearing House association
discussed the general situation and grati
fying reports were received indicating that
the savings banks were in good shape to
meet all requirements.
Every bank attacked had ample backing
besides the cash on band. When business
opened there were great piles of green
backs, arold and silver, piled no behind
each or tne several windows at wnicn tne
paying tellers were stationed, and every
preparation was made to meet the run.
Millions of dollars were displayed in full
view of everybody. The run was a foolish
one and will only result in loss of interest
to those who withdrew their money. The
real cause of It was probably the sensation
al extras gotten out Monday morning
when Meadowcroft Bros, suspended. The
suspension was of no moment to the busi
ness world and will cost no depositor a
cent, but those who had savings in -the
banks were stampeded: they didn't know
that their funds were in no danger and
hence the run.
No Cause at Chicago.Either. They Say.
ST. LOOTS, June 7. The fact that there
has been trouble in New York and that
some Chicago banks have been in ditnculty
has caused some anxiety to be felt by
stockholders and depositors in local banks.
Inquiry among bankers developedthe fact
that there was not the smallest cause for
CAUSED BY A LABOR STRIKE.
The Assignment of the Grant Locomotive
Works at Chicago.
Chicago, June 7. The Grant Locomo
tive works have made a voluntary assign
ment. The deed of assignment to W. K.
Ackerman and James II. Wilson has been
filetl in the county court. The assignees
have taken charge of the extensive plant
of the company in the town of Cicero, but
the sliops will not be shut .down. The
company's liabilities on May 1 were $41",
PSO.rtti, and its assets $1,151, 0.'O. Id. leaving
a surplus over all indebtedness of 74',0'.! 74.
The cause of tue company's embar.lrass
ment it that it has invested all of its
capital ttock in its plant. Besides, it b:is
been working upon a larjrp order for loco
motives an has tied up n large amount of
assets in them.
As they ennnct ha realized upon until
delivereil, and as the company has been
delayed and hiudcred in completing the'
locomotives by the strike which has been
goiug on for the past three months undei
the order of the International Association
of Machinists, and as the linanciul condi
tion of the money market has prevented
the company from raising funds to bridg
over the emergency the stockholders ile-
cided that all parties interested will bt
better protected by putting the property
of the company in the bunds of the as
signee. The assets are so abundant that
there is little danger of any creditor U.siup
The liabilities of the company, aside from
the mortgage of UUii.OOO, consist chiefly of
indebtedness for material used in the con
struction of locomotives. When the strike
af the machinists took place the company
was employed on a contract to build fifty
five engines for the Chicago, Burlington
and Quiury Railroad company. This con
tract amounted to over f.V, HI, and v. hen
Ihe strike took place all the money was t ied
np. While the concern was situate. 1 thus
some of the smaller creditors began to file
tuits. A judgment was entered against it,
and seeing that all its creditors would drop
down on it inconsequence the stockholders
decided to make an assignment.
Michigan Hanks 1'retty Solid.
LANSING, Mich., June 7. A report made
by State Bank Commissioner Sherwood of
the condition of the li4 state banks and
three trust companies of the state shows
total resources of ?, 27fi,5S4 34. and depot
Its to the amount of ff,7,4:!l,ii). Therein
f4.57r-.000 in cash in their vaults, of which
fl,3t)2,C4;.(4 is gold.
Closed the lometlr Work.
Xew Yokk, June 7. Judge Kirkpat
rick, receiver cf the Domestic Sf-win;?
Machine company, has closed the works
at Newark because two weeks' wages i:
now due the men and there is no motiey in
eight to pay them with.
SPLIT IN THE ANTI-TRUST.
UonnellT Finds the Msjorlty Not Radical
Knouh for II im.
CniCAGO, June 7. Ignatius Dotinelly
declined to act on the resolutions commit
tee of the anti-trust convention because he
did not believe it radical enough for him,
but later reconsidered and acted. The re
sult came near Dcing three reports, but
that was averted and the committee kept
up a wrangle all morning. In t he mean
time letters were read and speeches made
in the convention. Judge Tourgee wrote
proposing the prohibition of the combin
ing of one corporation with another, or
holding another's stock. He also suggest
ed restricting the uses to which trust
deeds may be applied.
But the bombshell in the convention
was Elisha Greenwood's letter. He said
trusts were a good thing; that they re
duced prices by combination and should
be let alone, except as to strict supervision
by government. Then Weaver made a reel
hot speech against trusts and finally the
talk was ended by a report from the reso
lutions committee in effect demanding
better execution of existing laws against
trusts and all combinations of capital and
the enactmentof more stringent laws upon
the same subject.
Donnelly moved an amendment asking
congress to buy for a "reasonable" price
all anthracite coal lands aud rent them;
that as a final remedy trusts be outlawed
and that the courts be given to under
stand that they had no right to invalidate
a law. After a warm debate the resolu
tions were adopted with a slight modifica
tion, Donnelly defeated, aud a bimetallic
The convention adjourned sine die, but
the Donnelly men were cot satisfied and
held a convention of their own where every
resolution proposed was adopted. Weaver
was chairman and about thirty persons
attended. The resolutions demand that
congress shall take over coal lands of all
kinds, also timber lands; free coinage of
silver and confiscation of trust property.
Scores on theBall Field.
Chicago, Jane 7. Following is the
score record for National league base ball
dubs: At Baltimore Louisville 10, Bal
timore 6; at Washington Pittsburg 1,
Washington 8; at Boston Cleveland 18.
Boston 11; at Brooklyn Chicago 6, Brook
lyn 7; at Philadelphia and New York No
itames. bad weather. i
LIFE'S D1UMA ENDS.
The Curtain Rings Down For
A GREAT ACTOB MAKES A LAST EXIT
And Death's Sleep " Ravels Up the Sleave
of Care for One Whose Fame Was
That He Held the Mirror I7p to Nature
and Acted Well Ills Fart His Career
on the Stage Briefly Sketched.
New York, June 7. Kdwin Booth, the
great tragedian, quietly passed away at
his apartments in the Players' club at 1:15
o'clock this morning. At his bedside at
the time were Mr. and Mrs. Grossman, his
son-iu-Iaw and daughter; his physician,
Dr. St. Clair Smith; Superintendent Mc
Gonigle; William Ripham, an intimate
friend, and Charles FarrylL The death of
the renowned actor, which had been ex
pected at any time during the past two
days, was very peaceful, being scarcely
noticeable to the anxious watchers at his
Was a Marylander by nirth.
Edwin Booth was born in Bel Air, near
Baltimore, Md., Nov. 13, 1S33, and was the
eon of Junius Brutus Booth, the elder, an
English actor, who obtained his reputation
however, mainly in the United States. He
was named Edwin Thomas out of compli
ment to bis father's friends, Edwin For
rest and Thomas Flynn, both great actors.
Although the elder Booth at first object
ed to his son going on the stage he did
finally consent, and the young man's first
appearance In part occurred in 1S49, at
the Boston Museum, where he appeared
as Tres'sel in "Hichard III."
A Success From Ills First Appearance.
He made a success in this small part
and from that time forward no question
was raised as to his continuing on the
stage. His capacity, indeed, so demon
strated itself that be was presently play
ing Cnssio in "Othello" and Wiliford in
the "Iron Chest," his performance in the
latter character being, even at that time,
highlv commended. During two vears
Kdwin Booth continued to pliy with his j
lawier in tiiuereiiL ciues, iiiaK.tii; ins urbt
appearance in Xew York Sept. 7. l-OO, at
the Natioii.il theater. Chatham street, in
the character of '"Wilford."
(;.) on in Ilare of His Father.
The following year he took the most im
portant step in his dramatic career up to
that period by playing '"Kichard III" at
the same theatre in place of his father, who
had been taken suddenly ill. This per
formance gave him at once the reputation
of being an actor of unnmal promise. At
the time the elder brother of Edwin J. B.
Booth. Jr. was manager of ;i theatre in
San Francisco, and the two went thither
and played with him in ttu popula- pieces
of the day.
THROWN ON HIS OWN RESOURCES.
CANNOT READ HIS WAY OUT.
Mind-Reader Johnstone !-. 8 1 in South
Hot Springs, S. D., June 7. Faul John
stone, the mind-reader, who went with a
party of five into the Big Wind cave
to find a pin that had been se
creted by a member of the committee is
still in the cave. It is forty-clht hours
since the party went in and there are the
gravest fears for their safety, as they only
expected to be gone twelve or thirteen
hours, and did not have a very large sup
ply of food. His manager. Rice, spent a
night in the cave searching for the party,
but found nothing except the place where
they had slept Sunday night. A search
ing party has been organized to go after
Sarpione Marteilo, a AewTftFIl Itafian
who cut another Italian's throat, has been
catelectrlzed at Dannemora penitentiary,
New York, wi th the success that has
marked that kind of execution from the
E'jTjpVm if you re a suffering woman.
The chronic weaknesses, painful
' disorders, and delicate auranire-
ments that come to woman
only have a positive remedy in
Dr. Piorces Favorite Prescrip
tion, li you a iaiuiiuuy use it,
every disturbance and irregu
larity can bo permanently cured.
It's a legitimate medicine for
woman, carefully adapted to
ocr cioiicaio oruiiizauiiu. ai
builds up and invigorates the
entire system, regulates and
promotes all the proper func
tions, and restores health and
" Favorite Prescription " is
the only remedy for woman s
ills that's guaranteed. If it
fails to benefit or cure, you
havo your money bock.
Which is the best to try, if you have Ca
tarrh a medicine that claims to nave curea
others, or a medicine that is backed by
money to cure I The proprietors of Dr.
Safe's Catarrh lleinedy agree to cure your
Catarrh. pcrfr ' nsxi pmnancnt!'!. or
He Advances Steadily to Fame In His
The latter part of 1S52 the elder Booth
died bile on his way from New Orleans to
Cincinnat i. Edwin was cow left, to rely
up;n his own intellectual resources, but
though he was only .0 years old, and was,
moreover, deeply grieved at the loss of his
father, he continued to travel through the
state of California. Even at this early
period of his life lie had already added to
his reportf.rei the characters of Shylock,
Macbeth, and hU irre.it tart of Sir Edward
Mortimer in the "Iron Chest."
enernus in HIm I.ove of Art.
He went to Australia in 1S.4 and re
turned to the United States the next year,
making his first appearance in "Rich
elieu." He whs extravagant, to magnifi
cence in the interest of his art nnd this ex
travagance resulted In financial ruin when
he cmised the erection of t he superb theater
Booth's at New York. He simply per
mitted his artistic instinct tv carry away
his business judgment, and built beyond
his means in a furore of artistic enthusi
asm. Another evidence of his sympathy
with the profession was the erection
later at his own entire expense of the
Players club, in a chamber of which
death finally claimed him.
Stricken m the "Mimic Stage.
Mr. Booth's first serious illnens came on
April H, ISf-O, when he was stricken with
incipieut paralysis while playing in
"Othello" in the Lyceum theatre in Koch
ester. The last four years of Mr. Booth's
life had been passed at the Players' club in
complete retirement, except yearly visits
to his daughter at Narragansett, where he
was in very seriously ill. He got well
enough to return to New York in October
of that year, and from that time his health
had steadilv declined.
The Amalgamated Association.
PlTTSiirut;, June 7. For the first time
in the history of the Amalgamated Asso
ciation of Iron and Steel Workers the
manufacturers are participating in the
formation of the yearly wage scale. Secre
tary James H. Nutt, of Youngstown, and
a committee from the Ohio Valley Manu
facturers' association called at the Amalga
mated headquarters and were admitted to
a conference with the iron wage committee.
, Kesieued Their I'laces.
Washington, June 7. Resignations have
been tendered in the treasury department
as follows: James H. Stone, collector of
internal revenue. First district of Michi
gan; David A. Nunn, collector of internal
revenue, Fifth district of Tennessee;
Charles H. Gallagher, immigrant inspector;
Chauncy G. Heath, Wisconsin, chief of
division, second auditors's office.
KK YOU IX NEED?
Want a co,k
Want a partner
Want a suuaii'in
Want to rent riKms
Want a servant gul
Want to sell a farm
Want to sell a house
Want to vxehaage antbiap
Want te Fell household ooils
Want to make any real estate loans
Want to sell or trade fcr anything
Want to find customers for anything
USK THE?E COLUMNS.
rHK DAILY AHGCS DELIVERED AT Y OUR
door every evening lor 144c per week.
RANTED A GOOD DINING ROOM GIRL
ami look a, uuiuji-ii.mi uo?c.
FO It SALE NEW HOUSEHOLD H'UMlTl'BK
at tSW Tweity-fonith street. A bargain if
taken at once.
MAN WANTED: SALA HY" AND EXPENSES.
Permanent place; -whole or part time. Ap
ply at once. Brown Bros. Co., Nurserymen
WANTED GLAZIERS: MIOH WoKK;
t-teady employment for rapid worker.
The llciriran Co , Wert Twenty- ccond and Union
ttreeis, Chicago. 111.
flLAIRVOYANT.-SEE THE Git EAT CALI
; fornis Clairvoyant at Keator house. Moline,
for a short time only. Hoom 1 and S. one flight
up, ladies" entrance. Sixteenth S'rc.t. Ladies.
50 cents to ?1; geuikmeu, 51.
AGENTS WANTED AGENTS TolAKE OK
tlcrs in every town and city: comniis-sinn or
liberal t-alary to snccessfal folic. tore: steadv
work. Scr.d references and secure territory
rromptlv. Eilwansrt-r i IJarry, Mt. Hope nurser
ies. Rochester. N. i .
WANTED TWO OK THREE M K . Kf
resent onr well known hone t:i i ate.
Onr men handle five or six lines of iru - icU
enables us to pay handsome wcties. -:i :i 103
rausre from 573 to flis a month, according t. all
terial in the men. L. L,. May Jt Co., 1 aUl
Minn , nurserymen, florttts, seedsmen, seed pa
tatoes. Implements, etc
Springer at the Keoiprocity.
St. Pai l. June ?. William M. Spring
er's address was the feature of the reci
procity convention, and he was greeted
with tremendous applause. He was for
reciprocity with the whole continent, and
made a strong plea for the same. The
convention accomplished nothing. The
Canadians wanted absolute free trade.
It Will Catch the Nihilists.
Washington, June 7. The Russian ex
tradition treaty has at last been formally
proclaimed. There is nothing in it that
has not already been published in these
dispatches. It makes attempts upon the
life of rulers non-politi cal, however.
Another Limit to Irish Authority.
.London, June ?. Gladstone has ac
cepted the amendment to "the home rule
bill proposed by Sir Henry James, Liberal
Unionist, that the Dublin legislature be
forbiddenen to interfere in proceedings for
the extradition of criminals.
Caravels Em Boats) to Chicago.
New Yokk, June 6. The three cara
vels, towed by a tug, passed around the
Battery into East river at 12:20 on their
way to Chicago.
THE "QUICK MEAL" is the only
stove havinz a tark that cannot be t en off
for filling, unless the burners ard 1 1 ,sea.
THE ' QUICK MEAL" is the only
stove having an indicator to show when the
burners are open or closed.
THE "QUICK MEAL" is the only
stove bavin jr glass tubes to show the drip
pinC of Caroline when the SOvj is in use.
THE "QUICK MEAL" is ihe only
stove having burners that cani c t be opened
farther than neccssiry.
THE "QUICK MEAL" is the only
s'ove having all parts made of material
which cannot rust.
1615 and 1617 Second Avt-nue.
is the best skin lotion in use. It contains no
mineral or oily substances. Sold by
THE WARREN BROWN CO.
Room 15, Dittoe Block. Davenport, corner
Third and Brady.
64 pape Medical treatise containing much infor
mation and many valuable receipts free upon application.
House Raising and Moving-
Raising brick buildings especially
Address E- A. ROUNDS.
.1515 Seventh Avenue, Box 181.
Please remember our stock of Parasols and
Umbrellas is one of the largest ever shown
in Davenport. Every one is new, and pri
ces, as always, the lowest.
Please give us a call.
KLUG, HASliER, SCHWENTSER
Dry Goods Company. Davenport, I0wa
The Columbia :
These Prices Speak for themselves
One Price to all-Spot Cash.
Lace Curtains for the Week.
Our $0 23 lac- Curtains now - - -
'ur 5 50 Lace "urtains now - - - - 4..0
Our 4 50 Lace Curtains now .... 3 .93
Take 3-our choice on rf vash basket full for 10c. Buy ow.
A bright iob four-in Iiainl. pufl'and tecks in all shades, voar
. - , -i - mi -1, l i " ".
cnoice ior zee x.)?. tney win sure to move a: :nes9
prices; come early and get ycur pick.
ratont Mop Stick at 8c. 3-hoop Wooden Pails 1.5c. Ha-- 15 ;
up. Spauliiinp: National League l.2o. Parlor Matches 1" ' :
F G. YOUXG, Proprietor.
1728 Second Av.
Driffill & Gleim
-Keeps the finest line of-
IN THE CITY.
DRIFFILL & GLEIM
Under Harper House.
World's Fair Souvenir Spoons
With every purch?.se of $1 or more this
month at the
Cloak & Millinery Co.,
JUNE CLEARING SALE of Capes, Suits,
Waists and Millinery. Great Bargains are
114 West Second Street. DAVENPORT, lOVi.