Newspaper Page Text
TIL; AliGUS. WEDNESDAY, AUGUST 2, 181)3.
Highest of all in Leavening Power. Latest U. S. Gov't Report.
CUDAHY IS DOWN.
One of Chicago's Speculators
Squeezed Pretty Dry. .
A SLUMP IN ?0RK DCE5 THE TRICI.
The f'roiluct Tkp 4 Tcmlile of Nearly SO
f'er Cent, in I'ri.-e ntnl 1-nM. Very Ileur
ily no tin- Victim Klv Other Firiui
Feel lt '.Vrielit Alto, .Hi t!i Ror3
! Frrnzlr-I liny l,ii;lit at Oitham-buln-44
Cli:cAf;-. Ai;j a. J-hn Cudahy. the
great packer and famou speculator. hn
failed He had been lianl pressed for sev
eral days, bus tis resources were s im
mense '.hat it was thought he m'.aht pull
thr'ii .. When the suspension of J. 5.
Stecver A: Co. was announce ! enrlierin the
day the whispered comment was that If
"Jack" Cti !ahy had not been at the end
of his string ii would not have let his old
partner and ennfiilei.tiai advisor go to t lie
wall, .heir business relation have been
as close as those ot two brothers could
have been. U was feared then that before
the end of the session a greater sensation
was in store. Hnd the !ear proved well
Hi Krsmirre Were In the Millions
The failure of John or "Jack" Cudiihy,
as he is better known, is the direct result
of unfortunate speculation on a colossal
scnle. Cudahy made $1.5!V)00 in provisions
last fall, and lost two or three times is
much in wheat last sprint; lie is inter
ested in puck in it houses in Chicago. Wis
ccr.Mn, Iowa Nebraska, and Kansas, anil
had to use vast sums of money in the le
gitimate brunrhe" of business, packing
and distribution His treat resources were
drained to support his speculative ventures.
Less than a r:io-.:h aso J. (i. Steever es'
mated "Jacl." Cuduhv's fortune at flv
OOO.WJj. I'roatrutrrt the Illi; Speculator.
, Attorney Levi Meyer, beine known to
represent some o: ? lie parties in interest,
was unable to say when sven at his resi
dence exact ir what steps would be taken
toward liquidation in the case of John
Cudahy. He said that dilTerent plans for
liquidit: inn were Ikmiil: considered, but
thoucht that noth-'ni; would or could '
done unti'. the board of trade accounts had
been checked up nnd the ac' ual status
and condition of affairs had been ascer
tained. Mr Meyer did say that from
what he knew and could understand Mr.
Cudahy had nssets to cover twice his in
debtedness. Mr. Cudahy was rated at J4,
OOO.IXH) one year ago. Mr. Meyer said tha't
Mr. Cudahy was prostrate at his home
from the effects of the crash.
Six Firms Go to the Wall.
The failures reported on 'change involved
six firms, as follows: John Cudaby, I G
Steever & Co.. E. W. Bailey & Co. A.
Helmholz Co., Wright & Haughey,
Northwestern Packing company. The re
sult of the Cudahy failure seems to be al
most as disastrous to the board of trade
Interests as the collapse of the Harper con
cern six years ago
A Heavy Slump In Pork.
The cause of . the failure was that Sep
tember pork dropped from (10.25, Monday
night's closinsc price, to $10.50 per barrel
within forty-five minutes on 'change yes
terday, and the crowjg In the galleries
were treutea to a scene of excitement that
reminded one of old days. Even B. P.
Hutchinson, who has figured as a centrai
operator in many a corner, waiked about
on the floor excitedly discussing the
abnormal slump in the staple.
Provision Company Hopes to 1'ay.
The North American Provision com
pany, with offices in the Wheeler building,
was forced to suspend shortly before noon,
carried down by the previous failures on
the board. The firm was reorganized only
last year with Dan Brown, Morris
fichwabacher and Cassard as the principal
stockholders Mr. Schwabncher said that
he could not make the least estimate as to
the standing of the finances, but hoped to
be able to liquidate in full.
The total liabilities of all the firms is es
timated at t-4, U0,0()0.
Omaha anil Sioux City Not Affected. 0
Omaha, Aug. 2 In an interview A. E.
Cudahy, in charce of the Cudahy interests
In this city, said in reference to the fail
ure of his brorher John Cudahy at Chi
cago, that the Omaha and Sioux City
houses will not be affected in the least, as
he had no connection whatever with them.
He attributes the difficulty to a land deal
and inability to reali.o on securities to
RELIEF FOR THE SITUATION.
I'nid'it states Iliiuils Are Low nn:l Ilanki
Xkw Voi:k. Aug. 2. A new and unex
pected element of relief has lieen injected
into 'he .situation. I'nited States bonds
have reached such n low figure that the
national banks see th ir way cleartomake
a profit by issuing circulation -gainst
them Arrangements have jherefore been
made by some of the n ore prominent
banks to increase their circulation from
the minimum limit at which it nowBtands
to such an amount as will materially re
lieve the present tension. It is estimated
that ,000,0(K) or $10,000,000 will be added
to New York's supply of currency within
a very short time.
Orders have already been placed with
the comptroller of the currency for part of
the new bills and some of the banks have
brought their bonds preparatory to de
positing them in Washington. Negotia
tions are reported to be under way between
the savings banks nnd the national banks
oj,t.he transfer of a large block of govern
'tneut 4's for the use as security for the
r .... -
I'niou Taciflo Retrenchment,
Salt Lake, Utah, Aug. 2 The Union
Pacific foundry, which has been in con
tinuous operation In this city since . 1871,
has closed it doors. Every man employed
was laid oil. On Sunday the Union Pacific
will discontinue passenger trains num-,
bers t and 8, west ot i'ocarelioTir oetween
that point and Portland. This cuts down a
I mileage expense c f 1,404 miles.
Iorficatioi s of the Times.
At Chicago Jo:in W. Ayres, dealer in
mantels, made a voluntary assignment.
Assets. $4.),0i'0; liabilities, $23,000.
' There i.- a perceptible decrease in
the number i f met. being fed
at Camp Relit f at Denver' and
the army of unemployed is not so
large us it was on- week ao. Thus far
1.200 men have been seut out of town by
the relief committee.
M. J. Lawrence, president of the Peo
ple's National bai.k of Denver, lias re
turned to Ckveian 1 from New York and
announces that 1 e has made arrange--scnts
with New York banker wtiereoy
he can resume bus ness.
The depression of the si'.ver market has
given a decided st.ninius to gold mininz
in Utah and Neva 1. New gold camps ar?
being established daily with Sne pr.is-
The directors of the Seaunet mills. Fail
River. Mass.. have voted to shut down
next Saturday until theclot'n market im
proves. The Flint mill will shut down
Monday. The director of the Wampanoss
mills voted to shut down next week r1
every alternate wee ; tint;: the market improve
NATiONAL UNION HAS A DAY.
Tec 1 human, I Mr
Chicago, Aug. L
Union Day at the- fi-
cf this growing ords
was no parade, but .
In Festival ha'.I
oratorv and music r
Mayor Harrison, wl
'uler of cha Onler
.Today Is N. tiocai
ir. and 10,000 members
3T are present. There
he members gathered
here a programme of
'a carried out. Here
o is a member of Lin-
THE MAYOR ADDHESSES THK UNION,
coin Park council, oue of the most popu
lar lodges in the city, made an address of
welcome, and after tiusic was followed ia
an address by Senate r M. O.Jeffries. To
night there will be a special programme of
fireworks, including a number of pieces of
special meaning to the order.
Hereafter the buildings will be open in
the evening one a; a time as follows:
Monday evening, Horticulture; Tuesday,
Liberal Arts; Wednt sday, Transportation;
Thursday, Art Palaie. Anthropological,
Forresty, and Shoe and .Leather; Friday,
Agricultural and Fisheries; Saturday,
Mines and Mining. Electricity will be
open every evening until 10 o'clock; so will
Machinery, but the engines will not be
"American week" 1 1 the Columbian ex
position grows daily nearer a reality. At
a late meeting of the Associated American
Exhibitors the direct irs submitted a plan
for the proposed celebration, which was
formally approved. It contemplates the
giving up oi a day to each of the great de
partmen s of industry and trade. The
celebration Till probably be held during
The Iowa State Press associa ion, 400
strong, is coming to the fair Thursday.
Lafayette Young, thj president of the as
sociation, is here making arrangements
for its reception.
The engineers discussed ferial navigation
and the opinion wrs expressed that it
would be a success in the near future.
Four art congresses have begun meetings
and also a congress of photography.
The paid attendant e j-esterday was 7s
418. Total attendance for July was 2.T3'.i.
971, au increase of S43S over June
LET THE WATEF GET TOO LOW
The Result Heine o Blow-l"p anil Five
People Di ad.
NEVAKK. O., Aug. 2. One of the most
disastrously fatal accidents that ever oc
curred in Licking county took place nt
the farm of Louis P erson near Homer.
Luther Sillen and John Kittle, owners of
a threshing outfit, we:-e r.t work on Pier
sou's farm threshing his wheat Water
was allowed to become too low nnd the
boiler exploded. Fivt men were instantly
killed and tiiree other probably fatally in
jured. The force of :he explosion idew
the engine into a stacl. of straw near the
separator, igniting it.. Upon the arrival
of help the separater. grain, straw un.l
wagon were all in (In lies and the remains
of the dead were burn 1 Rtid charred into
The bodies were at once removed from the
flames and the wounded attended to by
physicians. Those kil led were: John Kit
tle and James Bowers, married: Frank
and Pet-r Bell, and Norman Sillen, un
married. The injured are: Joseph Schipp,
Thomas Edmunds t nd Luther Sillen.'
Schipp and Kittle are both badly hurt,
and it is feared may die.
The Admiral Gets His Balule.
MONTREAL, Aug. 2.-Rear Admiral Mag
nagbi has cabled to Rome the facts called
out by bis discourteotu. reception by Mayor
Desjardines and theondssion of the return
salute by the ntilitinry authorities. He
then announced that if his salute was not
returned he should leave the city at one.
This decision, was mado known to Acting
Mayor Starnes, who at, once telegraped it
to -Acting : Premier Lowell at Ottawa.
Bowel I replied at onco ordering that the
salute be retained. -
Bold and Startling Job of Rob
BEGUN IN BE0AD DAYLIGHT,
And Prosecuted with Coolneit and Pa
tience Until 8100 In Cash and 813,000 to
Securltie Were Obtained Two Watch
men Captured and Hound The Chicago
Newspaper t'nloo the Victim No Clue
to the Robbers.
Chicago, Aug 2. Whi!e it was etill
daylight three burglars overpowered and
tied two watchmen In the offices of the
Chicago Newspaper Union, 93 Jefferson
street, then forced open the stfe and car
ried away f 100 in cah and $15,030 in notes
and commercial pnpe.i, part of which was
negotiable. It was one of the most daring
burglaries that has come to the notice cf
the police for sonie time. Tiie burglars must
have effec ed an entrance into the offices
soon after the employes left at 0:30 o'clock.
It was about 6:50 when Watehnv.n Jerry
Courtney, of the Protective Patrol agency,
entered the office to pull one of the boxes
of the patrol service.
II ow the Watch Va Captured.
lie noticed tha the blinds were drawn,
but concluded tha the jaivtor for some
reason had drawn them. He walked to
the windows and raised the blinds. Then
he stepped to the safe, and was stooping to
pick up something bright that was lying
on the floor when he was struck on top of
the head and felled to the floor. He was
then tied securely an 1 carried across the
room nnd told that if he made a noise he
would be killed.
Watchman No. i Taken In.
Matters continued in this situation for
an hour and a half. The two men at work
at the safe had knocked off the handle,
pushed out the lock, broken through the
second door and were about to take out
the cash box to examine it when a second
watchman made his appearance. This
was B. 1). Driscoll, who also entered the
building for the purpose of pulling a box.
As he appeared in the doorway he too was
set upon and in a moment was lying se
curely bound by the side of his brother
watchmau on tbe floor.
Rifled the Safe at Leisure.
Then the work of rifling the safe was
again taken np. Driscoll and Courtney
were watched by one ot the trio, who cov
ered each of them with a revolver, while
the other two completed their work of
ransacking the safe. Not a word was spok
en by any of them.
When everything of value in the safe had
been secured the three men quietly took
their departure. First giving their prison
ers an admonition to make no sound or
movement for at least fifteen minutes
after they had gone.
No Clue to the Robbers.
For four hours the two watchmen strug
gled at the ropes which bound them and
finally succeeded in releasing themselves.
They at once notified the Desplaines street
police. Courtney had two gashes on his
head, but is not seriously hurt. Neither
watchman could give the least clue to the
NATIONAL FINANCIAL STATEMENT.
An Increase of the Public Debt of Over
Washington, Aug. 2. The debt state
ment shows a net increase in the public
debt, less cash In the treasury, duri.ig
July of $4,203,973.31. The interest-bearing
debt increased $340.00; the non-iuterest-bearing
debt decreased $311.0S, and the
cash in the treasury decreased $4,574,722.SL
The balances of the several clashes of debt
at the close of business July 31 were: Interest-bearing
debt, $5S3,(i7,440; debt on
which interest has ceased since maturity,
f 2,0S1,5: 2(5. and debt bearing no interest,
$374,002,040.87; total, fHCl,121,016.63. The
certificates and treasury notes offset by an
equal amount of cash in the treasury out
standing nt end of month was $377,302,501,
a decrease of $7,191,329. The total cash in
the treasury was $732,041,707.17.
The gold reserve was $:"0.202.933, and net
cash balance $1K,GS4,CS4.57. In the month
there was a total decrease in gold coin and
bars Of $1,041,460.61. the total at the close
being $1S3,S13,H'.2.!8. Of silver there was
an increase of $2,610,473.80. Of the surplus
there was in national lank depositories
$17,044,0r:U7, against $21.930,5s'..;.6 at the
end of the previous month. The receipts
for the month of July were $30,005,776.18
and the expenditures $-'!0.075.7S2.00. In
June the receipts were $30.3.'.i2i.S3 and
the expenditures $2!V2tSR.451.:t0. Customs
receipts decreased from $14.'..4.390.S3 to
TROUBLE FOR DIRECTORS.
Those who Ordered the Exposition Close 1 '
Sunday Fined for Contempt.
Chicago, Aug. 2. Jndgc SU-in
holds that those directors who or- !
dered the fair closed Sunday July;
23rd. are guilty of contempt of court,
and today lined Directors Gage.
Hutchinson, Ilenratin, McXally and
Kerfoot 1.000 each, Director General
Davis 1250. and Director Lawson f 100.
a appeal was at once taken to a higher
court. The fair must remain open
until the injunction is dissolved.
King, Hasler, Scnwentser.
QUtTE A BATTLE AT CHICAGO.
Officer. Citizens ami lir.rsiar Kxchanfre
Shots with Inflect.
Chicago,' Aug. 2. Officers discovered
five r.jen acting sispicioiisly iu the rear of
W. II. Riley's dry goods store, 53 Lake
street. When they saw the officers the
men ran, and on their refusal to alt the
officer opened fire on them to which the
fugitives replied with their revolvers. In
their flight ths burglar dropped Several
bales of cloth A number of citizens
joined the officers in the pursuit of the
burglars and in the fusillade of shots that
passed between the o:li?er and the fu
gitives two citizens, ex-Officer George'
Dalzlegh and Elw-tr i Brtker, were shot,
the former in the leg wnd the latter in the
arm. Neither of tho wounded men is'
seriously injured. James Duffy, one of
the burgiars, stopped running and sur
I rendered, but the other four escaped.
HIS MAJESTY BORE A HAND.
Kaiser Wilheltn Assisted the Crew of the
Lonion. Aug. 2. It was Hinted that
Emperor William followed the racers Mon
day on bis yacht Meteor This was er
roneous. His majesty was not merely a
spectator of the contest. He was, to use a
slang phrase, right "in it," au1 he for the
nonce put aside all imperial dignity nnd
did all he ct uld to secure the victory for
the cutter he was on. He acconrpanied the
prince of Wales on the Britannia, nfid was
jubilant when the Britannia so handsomely
won the race.
A guest of the prince he made himself
one of the crew, nnd actively assisted in
getting in the mainsail. When the spin
naker was set his imperial majesty grasped
tbe halliards and baud over hand with the
crew he did his share of the work of hoist
ing it into place. Occasionally he took a
spell nt t he lee holm and altogether
proved to British yacht men that he, too,
was well qualified uot only to give, but to
Records of the National (.auie.
Chicago, Aug. 2. Scores on the dia
mond made by League clubs were as fol
lows: At Chicago Cleveland 9, Chicago
2; at St. Louis (two games) Pittsburg 25,
St. Louis 3; Pittsburg 6, St. Louis 1: at
Boltituore Washington 2, Baltimore 5; at
Boston Philadelphia 1, Boston 5; at New
York Brooklyn 8, New York b.
A Ijbor Union to lie Sued.
Ashland, Wis., Aug. 2. Non-union
lumbermen are at work at the Shores
docks. The Shores company will garnishee
$4,500 in the treasury of the Longshore
men's union for damages committed by
union members at the docks.
Had Been Hanging Five Days.
Chicago, Aug. 2. Mrs. Anna Koch
was found banging to a gas fixture In a
basement beneath Anchor ball, 528 West
Indiana street. The woman disappeared
hjriday and the body had evidently been
hanging since about that time. Cause ot
auicide. despondency. . 3
The Un ted States Watch company has
resumed work at their factory at Walt
ham with n full force, after two weeks' va
cation. Wages are reduced 15 per cent.,
to be raised when business improves.
The weekly crop bullet in for Illinois says
the outlook for crops is fairly good.
Secretary Carlisle has been called to Gray
Gables to consult with the president about
his forthcoming message.
Congressman J. A. T. Hull, of Iowa, was
seriously injured by being thrown from
his carriage near Des Moines, and will be
detained from attending the session for
Three men. two of whom died in great
agony, were poisoned at Pawtncket, R. I.,
by drinking whisky in which oil of almonds
had been mixed to give it "bouquet."
Obituary: At New Rochelle, N. Y.,
John S'phenson, the noted car builder,
nged S4. At Gr.intsburg, Wis., Canute
Anderson, leader of the Scandinavian set
tlements in the northwest, aged 63. At
Racine, George H. Laughton, manager of
the Chicago Hani Rubber company, aged
43. At Jacksonville, Ills., Joel Hastings,
Lieutenant Peary's arctic expedition
had a rough voyage from Newfoundland
to Labrador and the delay may seriously
handicap the explorer.
Fleck, the informer who was kidnaped
in the interests of saloonkeepers, has re
turned to Pembina, N. D. His captors
took him across the lir.e and set him free,
telling him not to return to Pembina, but
he got back before they did nnd now they
dare not return for fear of arrest.
Bernard McGinn, who killed Edward
McKonna, narrowly escaped lynching at
A "Professor" Tyndall has started from
Denver nnd proposes to be buried in the
World's fairgrounds for thirty davs, at
the end of whicn time he promises to
merge from bis temporary tomb alive and
Fire nt San Francisco drst roved "the
wholesale fancy goods house of Buyer &
Reich and the shoe store of Buckingham
& Hecht, causing a loss of $250,000.
The prosecuting attorney of St. Louis
has refused to proceed against Maud Mc
Kibben, charged by a coroner's jury with
poisoning her father and sister. He says
the evidence does not warrant her ar
rest. A waterspout in Rawlins county, Kan.,
covered the prairie witb water two feet
deep. Much stock was lost, and Mrs. H.
D. Aldridge was drowned.
Louisville women may smoke on the
streets, according to the decision of a judge
in that city.
Peace has once more been restored in
The Philadelphia Packing and Provision
company, which has a capital stock of
$250,000, has been placed In the hands of a
Mark Twain is said to have received
$100,000 in royalties for his "Innocents
Indians Getting Excited.
West Sitekiob, Wis., Aug. 2. Reoorts
have reached here that about 400 or 500 In
diuus are congregated near Shoe lake and
that they may don their war paint. T' e
whisky is flowing pretty freely and the
Indians are getting more excited all the
time. Serious trouble is expected.
Only Twenty-four Hours a Week.
Scsqvehaxna, Aug. 2. Trom this timo
until further notice the extensive locomo
tive shops of the New Yo-k, Lake Erie and
Western railroad will be in operation but
twenty-four hours per week.
There tire many rivals of quinine in
the market now which would quickly
take its placa if the price advanced ma
terially. Its cheapness today makes qui
nine so universally popular.
H 1 8
H M Q "
Don't fail to take advantage of the
; numerous bargains offered at
our store at present.
KLUG, HASLEP, SCHWENTSER
Dry Goods Co., 217, 217J W. 2nd St., Davenport, Iowa,
For the next 30 days
In Bedroom Suits.
In order to reduce the immense line we
have to make room for.other goods we must
sacrifice them. Come at once and secure
the best bargain that Vas ever offered in the
1525 and 1527
124 126 and 12S
Cut in Half.
We give a few of the bargains which we will
offer this week:
Japanese tea-pots 12, 14. 17c
While granite plates. 5in 03c
" Gin 04c
' Tin 05c
' side dishes 05c
' 4 covered sugars 15c
White granite bakers...?, 10. 15. le
platters 9. 23. 2c
" " scollop nappies 7. ;,llc
IS qt dish pans 25c
8 in pie tins j
Everything in the store will be slaughtered this
week Everything must go. Come early and
avoid the rush.
Geo. H. Kingsbury
FAIR AND ART STORP.
A Clearing Sale
All of the above goods will be sold at and Below
Cost to make room for the Fall stock.
114 West Second street Pavenport, Iowa.