Newspaper Page Text
Tili; Alio US," THURSDAY, AUGUST 3, 18!3
Highest of all in Leavening Power. Latest U. S. Gov't Report.
TKOUBLE IX TKADE
Chicago's Pork Slump Catches
Some Other Dealers.
EGGLESTOU, SON & CO. GITS IT UP.
Said To It ISig l niliire, nt Few FignrM
Ohtninithlc Several Aasiiinuieiits Made
I-k" fnriahy'K Case E-S-nator
Ingnlltt Not I'eeHii ' Very lfappr
Clian;1 AtxHint Kx-K.nrerDor Foster
Hank Out oM urrt-ncv at l ull Itlrer.
Clfii .(a, A ni?. 3. Husine-!on the board
of trade opened with annfher collapse in
cident to the failures i Tuesday. The not
unexj-ected siisjif n.sion of C. K. Eggloton
& Co. was announced immediately after
the opening. Following the fa lure of Eg
;leston Co. came the announcement of
the collapse ol the well-known firm of
Geori-e if. Parker; Co., whose trades were
ordered closed out from the gs'lery by Sec
retary Stone, and at the same time the
trades of Thomas (irt-ig were also ordrr-d
closed. Board of trade men generally 1 n-tt
upon the Egijleston failure as a hi.; one. so
far as Mr. Kgglrton personally is con
cerned. He was a man of wealth, and was
not afraid to use his money to protect him
self in enterprises of this Kind.
C'nrtahy ot F.ntlrely It.ne l"p."
All these failures werv cs- d by the
coKajwe in nork. 'What t'.ie .ililies a e
is not known. Relative to Cm.a .y" f-di-ure
it m.-.y lie w.id that by m.riy ii i
thought t liar this deal is oisiy a si u .ln -.v
with Cudahy, and that he ha eiin'iii
wealth left to tarry en other l.ig e::t-r-prises
and come out on top. Said one of
his infliiinii.-il friends: "The pork deal
alone would not have c ripple. 1 him; it was
the deal in lard. He couldn't- stand under
both of them at once and had to throw
Up the sponge. ljst week he held l:iOY)
lien es of lard and this amount was in-
creased to-J"-!.li tierces vesterd
iv in na
effort tosiistii.n the market." VI:en mar
gins wereca I- I f r he could not get money,
foriiosoit .. .,. r.: y j;oes for much in
banking c:r m - now.
iv.t at the Stork Yards.
The trouble on the Ixiard of trade was
felt at the stock yards, perhaps in a man
ner never In-fore felt. The receipts of hegs
were and when the market closed
there were 1:i.k) left. Kuycn simply re
fused to lo.d; at stuck ut all. The re
ceipts of ( attic reached llt.oot and the
market went 10 cents loKer. The liabili
ties of the Cudahy failure are still Wing
ptiessed at and the ligure is put at from
$l,(jrv,iai to ti,iM,wt now, but really
nothing definite is known.
souie Anfilpiiuiciitft Made.
Among the assignments made were
those of the North American Provision
company, with a-sets of iCif),(Xi(i; Adam
Smith &: Co, wholesale liquors, with assets
of and liabilities of (I 5,IKK); A.
W. W right, o. the board of trade, assets
and liabilities not stated. These failures
do not seem to have hurt the banks a
particle and there seems to lie no appre
hension felt in business circles off the
board of trade.
l.inhUttles of Fctlcston.
On application of Charles li. f'ggleston,
secretary and treasurer of the Eggleston
& Son company, in the superior court,
CJeorge C. Ijizear was appointed receiver
for the concern. John C. Hately is presi
dent of the company. The liabilities of
the concern are placed at 00,0U0. The
capital stock of the company when organ
ized was HMj,iii4J. It is claimed that noth
ing definite can lie known of the company's
assets until the results of recent deals are
EX-GOV. FOSTER'S FAILURE.
Development Itring Him to the liefense
of Ills Imputation.
FosTol'.IA, O., Aug. 3. Developments in
the Foster failure is the sensation of the
day here and people are discussing them
with' intense interest in the new light
thrown on the affair. Foster has both
friends and enemies here, and the former
charge that the latter are magnifying
Foster's operations to his disadvantage.
The fact remains that Foster has been
guilty of mismanaging the money at his
tomnnnd. The statement that ho had
overdrawn his bank account more than
(l.'it'i.UH) is not denied, but Mr. Foster
pleads rn extenuation of this that he had so
much mom;- invested in Fostoria enter
prises that he wascompelleil to have funds.
In reply to a severe attack made by Cin
cinnati paper against ex-'iovernor Foster
the latter w-t.t the following to thm. paper:
"I desire to say that as I now have noth
ing left but my good name it distresses
me be;, oinl my power of expression to no
tice that you lire lendiu your columns to
malicious titlarks upon me I want to as
sure you in the most positive manner
that nothing can be developed in my af
fairs inconsistent with my hitherto high
character for integrity beyond the mis
takes I have made. Ju justice to me I ask
tha t his dispatch lie printed as conspicu
ously as the reflections you have made
against n e."
INGALLS MAKES A PROPHESY.
The Kuiihhk ex-Senutor Utter a I'reil lo
tion Full of Woe.
Atchison, Kan., Aug. 3. Ex-Senator
John J. Ingalls, in au interview with a
United Press correspondent, said: "This
day is balmy and sunshiny in comparison
with the clouds and storms just ahead of
us. The ultimate result will lie a redis
tribution of the assets of the country. "The
millionaire 'of today will occupy the
pauper's but and the pauper in the near
future will ride in the chariot of the mil
lionaire. Colorado and other mineral
states should be blotted out as1 states and
added to the great American desert from
which they verejaken.
"The devastation' of the yellowfever in
the south was not near so disastrous as
the situation in Colorado, produced by the
closing of the mines. Thousands of, peo
ple walking the streets of De.nver: like
the lowly Naziirihe ToSes "nave holes and
birds of the air have nests.' but the Col
orado tramp l.ath not whereto lay his
head. On every street corner of Denver
goes up the piteous cry for bread. Iu Wall
street the piteous cry goes up for gold.
When these mo panicky conditions come
together in tl e great Mississippi valiey
chaos and si a vhy will follow."
BANKS ARE OUT OF CURRENCY.
A C nrlous si nation levelops at Fall
Fall R.veb. Aug. a The mill situa
tion has re ch d the strangest condition
ever Known in the bi.-tory of the local c t
ton industry. Several of the managers of
the mills have received notices fnm their
tanks that there is a difficulty in paying
checks with c irrency. Substantially the
notices said that the banks will hen-after
honor no che -ks in money, but will en
deavor as far as possible to take care of
deposits already made.
The effect of this action will tie wide
spread, anil may call for a total suspen
sion on the part of the mills. Treasurers
who are receiving checks daily from l'. s
ton. New York, or Philadelphia will find
them of no value in procur ng currency
to pay wages. Some of the mills that re
ceived notices will 1-e able to pay their em
ployes this wit-k, but they now see no
prospect of paj ing them next week.
. An?. 3. The circulation
d by the treasury depart-
merit shows th
it the amount of gold and
silver coin ant":
certificates, Vnited States
notes and nati
tion Aug. 1 wa
during the ni
mal Imnk notes in circula
. i?l.;i,iw,0i7, an increase
mth of July of $lT,237,ti(i.
during the last twelve
a round figures i?9,0C,0o0.
months wa i
1 Ue per capita
circulation based on an es-
ttiou of CT.0C6.000, Aug. 1,
Condition of Michigan Hanks.
L-AXslXG, Mil h.. Aug. 3. An important
consolidated st itement of the condition of
the l.Vl state baaks and three trust compa
nies of Michigan at the close of business
June 12 has lie n made by liank Commis
sioner Sherwoo 1. Total resources aie tTS,-
Tnn.T'.'.t, and labilities something over Sv
1000,000. Savings deposits and certificates
J of deposit h-v.; fallen off about Ti.OuO.OOO
J since the report of May 12. Commercial
j deposits show r o appreciable decrease.
Gold Is Coming Itark to Vs.
L""Ihs, Au...;. 3. The North German
Lloyd steamer Spree, which has sailed
from Southampton for New York, has .on
board s.vi iiuj gold consigned to Ameri
can houses. Tl e White Star line Majestic,
which has left Liverpool for New York,
took i."3."i0,0ii, a total of 1,200.000. Further
shipments wil'. be made on Saturday.
Six hundred and thirty-nine thousand
pounds addithiual has lieen withdrawn
from the Iianl; of F.nglan.l to be sent to
the United States.
Kckels and an Indiana Bank.
Washington Aug. 3. Comptroller
Eckels says that he has been misquoted in
the statement that the Indianapolis (Ind. )
National bank would not pay 50 cents on
the dollar. He has not received the ex
aminer's report, and could not say what
the bank wot Id pay. Neither had he
said the bank would be placed in the
hands of a receiver, but that it would
perhaps be necessary to place it in the
hands of a rece. ver.
Financial Trouble at Kl I'aso.
EL Pazo, Tex., Ang. 3 The El Paso Na
tional lmnk. of this city, and its branch at
Juarez, Mexico has failed to open for busi
ness, due to he heavy withdrawal of de
posits for t he last six months and inability
to realize on set urities. The resources are
nearly double the amount of liabilities.
Runs immediately began on the State and
First National banks, but the business men
began depositing heavily and the run sub
sided. Attachments Against Ce.dahy
LoL"lVlLLE, .ug. 3. Attachment suTts
aggregating nearly $250,000 have been filed
here against John Cudahy, the Chicago
millionaire who went down in the pork
crash. Cudahy organized the Louisviile
Packing compi ny in lsil with a capital
Stock of T5(M(K). He is the tirineii.nl
! stockholder and is now president of the
lust I.IL the Itest of Them.
PlTTSIil RG. A ig. 3. The Toronto Bank
ing company hi: s susjieniled and asked for
the appointment of a recei ver. The bank
has plenty of commercial paper and se
curities, but cot Id not realize. Its assets, it
is claimed exce -d its liabilities. The sus
pension of the hanking company caused
the susjiension of the Toronto Pottery
Striking Against n Keilurtioii.
F.lizauktii, . ?. J., Aug. X Fifty core
makers employed in the Worthington
pump works hir e struck on account of :i
10 per cent, vduction in their wages. Ti.o
hundred niolders will strike unless tl.eir
demand of Pve days' work per week and
no reduction in rates is granted.
Not So Unit rk Iteporteil.
PliOVlPKM K, It. I., Auk. H. The Rock
land mills, whit h were reported as having
lieen shut dowu. are to start on four diys'
time a week. J. I. Campbell & Co.; largy
mill owners, are preparing to start up tue
Oriental mills, which have lieen shut
down forthree years.
What Cover intent 4' Are Worth.
Washixotox, Aug. . A table issued by
the treasurj dep irtment gives the invest
ment value of th j government 4 per cent,
bonds during July. The market price
varied from 112 to 108 and the average an
nual rate of interest realized to investors
was 3.079 per cen
Braddock M Ire Works to Reiutne.
PlTTSBURO. Auij 8. It is announced that,
the Braddock A ire works at Braddock
will resume next Monday, giving employ
ment to -350 men. A compromise wage
scale has been accepted by the workmen at
a slight reduction from former prices.
FAIR OPEX SUNDAY !
Judge Stein's Injunction Is Still
how the Litigation now stands
A Possibility That an Attempt to Dissolve
the Restraining Order May be Thrown
Over Vntil October, In Which Case Oates
Mmt be Open Fair Officials Fined for
Contempt The "lluom" of the Sunday
Chicago, Aug. 3. The opinion is unani
mous among lawyers that the World's fair
gates will be opened every day in the week
from now on until they are finally closed
next )ctober. The appellate court will
not be in session nntil after the midsum
mer vaeat ion, which ends in Septemlior,
and the appeal prayed for by the World's
fair din-ctors cannot therefore be passed
upon until Octolier. Besides the appeal
is from an order in contempt proceedings,
and the decision in .he rase will have no
effect on the injunction order, which must
now be observed until the appellate couit
can lie reached.
What Open tiates Cost Fair OiHeials.
This is the result of the Clingman case,
where a restraining order was obtained
fro-ji Judge Stein requiring the World's
f iir gates to be open Sunday. When they
were shut recently contempt proceedings
were begun and Judge Stein has lined Di
rectors Gage. Hutchinson. Henrotin, Mc
Nally and Kerfoot l,0oo each; Director
Ijwson 100 and Director General Davis
$250. An appeal was taken with the prob
able result stated in the foregoing.
What Will Sunday doners Io?
What effect this will have on the Sunday
closers if mains to be seen. They promised
to boom the fair after the gates were
closed Sunday, but as a matter of fact the
attendance has been less daily on the av
erage since they are supposed to have be
gun the booming process. Yesterday there
were only 81,473 paid admissions, which,
however, was an increase of a few thou
sands over the attendance for the day
Another View of the Case.
The directory, however, will try to have
the gates closed Sunday, and today will
made a motion to dissolve the injunction.
"It is a mistake to suppose that the pro
ceedings in these cases of cortempt, so-
cauea, nave anything to no with
nlieation to dissolve .Tnrlc-n StoitTa fnim,..
tion. The cases are quite distinct," said '
Mr. Massey. "Whether the fair will open '
next Sunday depends entirely on whether '
Judge Stein dissolves his injunction. The 1
fact that he has imposed these lines, how- !
ever, has no bearing on the case as it stands '
Thornby Is Reinstated.
Gate Insnector Thombv h Imoti T-iml;.
cated and reinstated. Thornby is the man '
uu na ULMC.iinrkri'ii 1 ri tin i nf npnnrTTnoTiT
of administration last
week after his fight
with Commissioner St. Clair. Horace
Tucker satd that he had ordered the rein
statement of Thornby. The inspector will
be found on duty at the Terminal station.
Iowa Kdltor at the Fair.
This morning 400 Iowa editors and their
families are at the fair grounds. The edi
tors assembled at the Iowa state building
at 11 o'clock in the morning, when there
was a brief programme of music and ad
dresses. Commissioner Jarnigan, of f-e
Iowa state board, made a speech of wel
come, which was responded to by Lafay
ette Young, president of the Iowa Press
SANGER BEATS ZIMMERMAN.
Milwaukee Holds the Chamiontbip
the Mile Open.
Detkoit, Ang. 3. The two giants met
at the bicycle races here and the great Zim
merman was vanquished by his rival from
Milwaukee. It was in the mile open that
the contest occurred. Sanger and Zim
merman lioth stayed in the bunch until
the stretch was reached. Sancer turned
into the stretch on the outside, and then I American rubber company of Cambridge
the struggle liegan. They came down to port, Mass., have closed down for two
the tape like a pair of whirlwinds. San- weeks. This action throws 1,700 operatives
ger cut across and got the jnile a length ' out of employment.
ahead, and he come bowling along, while
the easterner exerted every muscle to over
take his rival. The finish was terrific and
the Milwaukee man shot past the tape a
length in advance in 2:20 4:5 amid the yells
of the crowd. It was the first real test be
tween the two, and the east had
down before t he west.
The Law and liohy Arena.
Indianapolis, Aug. ;;. George G'.lltt, '
of the Lake county circuit court, is here. '
He says that the ofticinlsjof Lake county!
are following the wishes of the governor,
closely in dealing with the Columbian ;
AthUtic club oiiicials, and the jiartici-:
pant iu the pri.e fights, and that several'
warrants have been sworn on and arrests '
made. The cases will lie called at thenex; j
term of court, which convenes in thirty;
davs. " i
ItlountK Nome I'liauthorizfd.
SAN Fi:a.( iscti, Aug. :?. News from
Honolulu, referring to the presentation of i
a cane to ( 'laus Spreckels on which was en-
(...fl.'u'I a t..r..,..1 ,...0..... i ... .... !..
ri r, ""-I . T,; .l
name was subscribed, is to the effect thus
Blount says the use of his name was uiv-'
Found a Ilody in the Kuins.
Ill liRiN, Alich., Aug. 3. A large barn
near this city was burned, and the burned
and blackened body of a man was found
in the; ruins. It is thought to be that ol
some tramp who had beeu sleeping in the
barn and hud probably set it on fire with
iione Into Liquidation.
Colfax, Aug. 3. The Commercial bank
of this place has gone into liquidation,
giving its depositors notice to come and
get their money. It will entirely close out
the business here. Depositors are being
paid iu full.
Murderous Ansnult on an Kditor.
Champaign. 111., Aug. 3. A murderoa-i
assault was made on E. B. Chapin, editor
of The Chainp&igu Co uty Newy, by some
unknown person. Chapin was seriously
cut about the head.'and his left arm was
Bank at Waupaca Closes.
Waupaca, Wis., Aug 8. The Waupaca
County National bank has closed its doors.
The trouble was caused by a run on the in
stitution. The general belief is that de
positors wiil be paid in full.
Corbett Goes Into Training.
"Asbcrt Park, N. J., Aug. 3. Pugilist
Jim Corbett has finally gone iuto training
here for his fight with Charles Mitchell.
The Seven Corner oank at St. Paul has
closed its doors. Deposits amount to $195,
10t. and it has a capital stock of f 100,000.
The Denver Safety Deposit and Trust
company has suspended. Its as-ets are
placed at 4,000; liabilities f UX),000.
George Kistner, one of the fourteen men
arrested at Quincy, 111., for the munier of
Bradshaw, has confessed that he f red the
fatal shot. He says he supposed the re
volver contained only blank cartridges,
the intentiii being merely to frighten
Bradshaw atgd Mrs. Breckinridge.
Two hundred and sixty -twothonsand re
cmits for the Russian army are to be
drawn by conscription t!iis year.
The new tax on stock exchange transac
tions, which went into force in France the
1st. of last month, has well nigh paralyzed
business on the French mark-t.
The tirailleurs of the Russian army are
to be equipped with snow shoes next !
President Barton O. Aylesworth has
written a letter declining the prohibition
nomination for governor of Iowa on the
ground that the death of Chancellor Car
penter and the serious illness of Dean
Hobbs throw s the entire management of
the Drake university on his shoulders.
Ruth Brown Thompson, oldest daughter
of Osawatomie John Brown, of Harper's
Ferry fame, is now living on a ranch near
The negro writers of New York state
have formed themselves into the Colored
American Press association, of which Ruth
F. Simms is the president and Christopher
Stewart the secretary.
Lemuel Stevenson, for twenty years a
clown with Hamum's and other circuses,
has connected himself with the Salvation
Army at Springfield, Mo.
Governor Reyes, of the state of Xuevo
Iieon, Mexico, saw npieture of George
Washington hanging near the front door
of a.saloou in Monterey, and compelled its
removal to a more fit place.
Fifty-six men deserted the coast defense
vessel Monterey at San Frnusisco liecause
of the heat when the ship is under steam.
William Bedick, a farmer near St.
Joseph, Mp., thought he was to get tl5.(RO
in counterfeit greenbacks for his j4.0U)
good money, and found he had only a
package of green paper on his returnhome
from New York. VsSifi '
G. C. Trumpff, president of the defunct
South Side Savings bank, V ilwaukee, has J
disappeared and, as in the case of Cashier
j Koetting, his whereabouts is unknown,
j Thirty-five horses perished iu H fire at
1 the Kansas City (Mo.) stockyards. Loss,
Caiupbell Will Not Kup Again.
New York, Aug. a. It having been re
ported that ex-Governor James E. Camp
bell, of Ohio, is a candidate for renomiua-
t ion at the coming gubernat orial convent iou I
that gentleman said: "I'nJer no consider
ation will I accept the nomination for gov
ernor. I am not in the position to n ake a
strong fight for several reasons, one
the strongest that I am not financially
, Tl VOtl rt .T ami t ha r twi t.i . ,F a n.rvoi s-m
1 i l at th. ,-.,r,,;.. -.i
if my name is mentioned I shall with-
A Strike Perlared Off.
riTTSBfKG, Aug. a. Thestrikeat Spang,
Chalfant 4c Co.'s steel works at Etna is off.
The firm refuses recognition of the Amal
, gamateland the firm s signature to the
. wage scale. A meeting of the Amalga
j mated puddlers was held, at which the
men decided to apply for work. This they
j did in large numbers, and were told that
.they would be given employme it as fast
as vacancies occurred, but that none of the
j men now working would be dischaiged.
On the Diamond Field.
Chicago, Aug. 3. Following are the
scores recorded at base ball by League
clubs: At Chicago Cleveland 0, Chicago
11; at Baltimore Washington T, Balti
more S; at Boston Philadelphia 7, Bos
ton 4; at New York Brooklyn 3, New
Will Be Idle for Two Weeks.
BosTOK, Aug. 3. The works of
A Long Felt M ailt Supplied.
Washington-, Aug. 3. Representative
Robertson, of Louisiana, in response to a
telegram has received authority from
Judge Holman to issue a c-Ul for a Dem-
gone i ocratic caucus, and has issued the call,
j The caucus is to meet in the house of rep
; resentatives on Saturday, Aug. 5, at 8
; o'clock p. m.
The Old and the New.
"I love you, but I don't know whether
you love me," is the formula of the old
fashioned romance. "You love me, but I
don't know whether I love you," that ol
t he new. One is a problem of fact, the other
of psychology. Mary H. Pike in Kate
Doing Her Reet.
Husband (who has had "jumping neu-ralgia-'
for two days) Ughl I don't nee why
-oh, oh, oh! we were not born without
Wife (soothingly) If you had only stop-
' j ped to consider it, you would uothavemade
a remark, dearie, for, you know, we
I reaiiy were oorn wiuioul teem. irutn.
THE WEAKEST SIXfT
in your whole
is tho liver. If
that doesn't do
work of puri-
wg the blood.
mo from it
than you can re-
Dr. Pierce's Golden Meilieal Discovery acts
upon this weak spot as nothing eko can. It
rouses it up to herdlh.wuatuml action. By
thoroughly purify uig tiie blood, it reaches,
builds up, and invigorates every part of the
For all diseases that depend on the liver
or the blood Dyspejisia, Indigestion, Bilious
ness ; every form of Scrofula, even Con
sumption (or Lung-scrofula) in its earlier
stages ; and the most stubborn Skin and
Scalp Diseases, tho " Discovery " is the only
remedy so unfailing and effective that it can
If it doesn't benefit or cure, you have your
On these terms, it's an insult to your in
telligence to have fcometliing els offered as
"just as good."
House Raising and Moving-
. SATISFACTION GUARANTEED.
; - 3
CKaising brick buildings especially
- Address E A. ROUNDS,
1515 Seventh Avenue, Box 121,
i Wv'Vse -
-Klug, Hasler, Schwentser,
Don t fail to take
numerous bargains offered a!
our store at present.
KLUG, HASLER, SCHWENTSER
Dry Goods Co., 217,
A FAIR EXCHANGE.
You can't afford to
is all right, you can
plain about. You will like our fine $3 shoes. For a gec:
maty reasons it will please jou. It fits well, wears well, io k
ell and gives you what you pay for - comfort and eatisfacuDi.
Will accept Roc'j Island Savings Bank certificates of de
posits in payment cf goods and accounts.
Cut in Half.
We give a few of the bargains which we will
offer this week:
Whhe jrranite plates
Gin . . . .
" Tin ....
Everything in the store will be slaughtered this
week Everything must go. Come early and
avoid the rush.
All of the ;ibove goods will be sold at and Below
Cost to make room for the Fall stock.
114 West Second street Pavenportj Iowa.
advantage of theb
217 W. 2nd St , Davenport, low.
be mistaken in a shoe. If j
wear it; if it isn't, you can't
If it's uufit to wear, you can';
make an ornamen
civ alternative ia to
away. Don't make r.
in buying. Get a good, Lones:
r i r
f 4uivai-ui lor jour mriv n
good, honest BiioeleatLer an:
you'Ji nave notmng to com
1704 SECOND AVENUE.
Whire granite bakers... 7. 1". IV
" platters 'j.
" scollop nappies 7.
13 qt dish pans
8 in pie tins
H. Kingsbury -
FAIR AND ART STOR.