Newspaper Page Text
FHE OMAHA ; DAILY BEE.
ESTABLISHED JUNE 19 , ' 1871. OMAHA , SATURDAY MOANING , JULY 1 , 1893. SINGLE COPY FIVE GENTS.
, ) MR. CLEVELAND ACTS
Ho ( Jails an Extra Session of Congress to
Meet on August 7.
TEXT OF THE PROCLAMATION IN FULL
. Causes Which Mr. Cleveland Says Move Him
, to Prompt Action.
FINANCIAL DISTRESS AND UNCERTAINTY
Bomo Remedy Most Bo Found tbat Will Ee-
liovo the Business Situation ,
SURE OF THE REPEAL OF THE SHERMAN ACT
Why tlio President Changed the Time of
CallltiK tlio Nntlonnl I.ORliilnturo To-
cctlior Irnm .September to August
Comments on IllH Action.
\VASIIINOTOX , Juno 0. The president left
hero at 4l : > 0 this afternoon over the Pennsyl
vania road for Buzzara's Uay , Mass. Ho
will bo absent from the capital three weeks
or more , Ills stay depending upon circum
stances.
Secretary Lament accompanied the presi
dent as far as Now York. The president's
determination to leave the city was only
reached this morning and his departure so
suddenly leaves a number of important ap
pointments agreed upon unsigned , and many
fienators and congressmen who have re
cently arrived , in the lurch. It is under
stood that the president will transact only
the most urgent public business while at
Buzzard's Bay anil what ouleial announce
ments are to bo made will bo given out at
the executive mansion in Washington.
rrorliiinatlon Convenlni ; Conjiregj.
At C o'clock this evening the following
proclamation was Issued :
EXUCUTIVI : MANSION , WASIUNOTON , D. C. ,
Juno 80. Whereas , The distress and appre
hension concerning liio financial situation
which provudo all business circles have
alreiuly caused great loss and datango to our
. people , and threaten to crloplo our merchants ,
stop the wheels of manufacture , bring dis
tress and privation to our fanners , and with
hold from our worklngmeu the wage of labor ;
nnd
Whereas , The present perilous condition Is
largely tlio result of u financial policy which
the executive branch of the government finds
embodied In unwise laws which- must bo exe
cuted until repealed by congress ;
Now , therefore , I , Grover Cleveland , presi
dent of the United States , in performance of a
constitutional duty , do by this proclamation ,
declare that an extraordinary occasion re
quires the convening of both houses of the
congress of the JJn.lted States at the caultol In
this city of Washington on tlio 7th day of
August next , at 12 o'clock , noon , to the end
that the people may bo relieved through legis
lation from present , and Impending danger
and distress.
All those entitled to act as members of the
Fifty-third congress are required to take
nollco of this proclamation and attend at the
time and place above stated.
Given under my hand and the seal of the
United States at the city of Washington , on
the 30th day of June , In the year of our Lord ,
one thousand eight hundred and ninety-
three , and of the Independence ) of the United
BtutcH , tlio ono hundred and seventeenth.
Unovuit Oi.uruij.tNO.
( live : Way Under l'ro 8urci.
The president had left directions for the
Issuance of the proclamation before Ills de
parture for Gray Gables. The dotormina-
tioti to call the extra session the first week
( in August instead of tlio first week in Sep
tember , It Is understood , was only definitely
arranged at this morning's cabinet session ,
after giving full weight to the numerous tele
grams received from all parts of the coun
try urging tills course. A consideration
which caused the president to change his
mind was foreshadowed In the remark made
by ono of his cabinet oHlccrs two days ago ,
that If the president received reasonable
assurances that there was a likelihood of r
prompt repeal of the so-called Sherman purchase -
chase law , ho might bo disposed to cull con
press together earlier than ho had an
nounced. It is inferred from the fact that
the president has done so that ho consider !
he has obtained the assurances ho desired
Most of the bablnot members have fol
lowed the president's example and loft tin
city , or are leaving the city for brief vaca
lions. Those who remain say the president' ;
proclamation speaks for itself and decline ti
discuss the situation further.
lUSUOnblNtl Till ! SITUATION.
Be mi torn unit CniiKroiHtnmt I'xpreis Tlium
HOlvi-H on I levulliml'n .VetIon.
WASIIISUTOS' , Juno 110. Thcro seems evorj
reason to believe that all the speculations ate
to tlio time of the meeting of congress in
dulgcd in prior to 1 p. in. today wcro gucs
work. Some of them , as it turns out now
were very lucky guesses , and others wcr
equally unfortunate. His almost conclusive ! ,
cjtablliihcd that the calling of an Angus
session was not determined upon untl
after midday today , and consequent ! ,
could not have been communicated to an
person In conlldcnco or otherwise , days i
advance. The plain facts appear to bo thu
the disturbance of values arising from th
uncertainties of the situation grew so alum :
ing'that Mr. Cleveland at hist was compollc
to acknowledge that "tho unexpected cot :
tingcnclcs ncccsisitatlng an earlier inecttii
o ( congress , " which ho spoke of in his cole
hratcd Interview of June ! > , had arrived
The action of tlio British government ii
India brought matters to a crisis , Provlou
to that startling event , Mr. Cleveland hai
manifested a firm determination to adher
to his plan of calling congress together i
September.
\V tclieil thn Cour o at Krcnti.
After the suspension of hllvcr coinage i
India the president resolutely declined t
apeak further about his Intentions until h
iliould bo prepared to act , and each of hi
cabinet officers maintained similar ailoncf
, It way bo stated , however , without vlolatlo
1C of confidence , that from the day when 111
{ ; * L announcement of the action of India wo
LS made , the president took stops to keep lilu
Li eelf forewarned through the pre s dli
\ patches of the Blightcst approach to a panl
I in the money market aud prepared at an
> moment to take the course which bo ha
taow adopted.
Whcu t&iy Uo found telegrams ou h !
V
table , not only from the eastern nntl middle
states , but nlso from tlio south t.nd even
some of the silver states urging that con-
proas bo called together at the earliest pos
sible date to end the uncertainty , be de
termined to delay no lontror , but oven In tak
ing this action the president took steps as
lar as bo could to prevent Its being known
bcforu the Stock exchange closed , so as to
avoid any appearance of exercising undue in-
flucnco on the stocK market.
rteimtor Vonrltcoi Talk * .
The effect of the announcement upon
senators and representatives In the city
was very marked. Senator N'oarhces , chair
man of the finance committee , ilrst know of
thu president's act when informed by an As
sociated press reporter. Ho was not sur
prised. "That , being the case , " said the
senator , ' 'It will not bo long until we arc
again at work. Inasmuch as congress has to
deal with this subject of finance It Is well
that wo get about It , and the sooner the bet
ter. I do not know It congress can , or will
bring relief to the country , but it has simply
to make the effort and there Is no wisdom In
ilcl'iy. The condition of the country , cer
tainly , to my mind , deserves prompt and de
cisive action , especially in view of the
fact that everybody seems to bo depending
upon congress for a solution of our financial
troubles. 1 think the president has noted
wisely and I have no doubt that as soon as
congress gels to work , It will repeal the
Sherman act.
"I voted against the bill when it came up
on un aye and nay vote when it passed , and
told the stiver men who supported It that it
was not the legislation they needed for
silver , an 1 that they would 11 vo to regret
the day they supported it. That day has
come. 1 shall vote for Its repeal. It must not
be understood , however , that I abate a single
jot or tlttlo of my adherence to the coinage
and tlio us.o of silver as money , under proper
regulations , for Its parity with gold. "
I-uvira Kepual.
Senator Harris , president pro tern of the
senate , could not be seen personally , but
from one to whom ho had spoken relative to
the calling of an extra session , it is learned
that ho expressed the belief that the sooner
It was douo the bolter it would be lor the
whole country.
Keprcsentatlvo Doekcry of Missouri de
clined to discuss the probable action of con
gress when it comes to deal with the money
question. "I can express no view on the
question , " said Mr. Dockcry , "for the
reason I have not talked with enough mem
bers to know whether the Sherman law can
bo repealed or not. Unless I knew what a
canvass would show It would bo foolish for
mo to make a prediction. So far as the ac
tion of the president is concerned I think It
is eminently wise under the circumstances. "
"It is a good thing , " said Mr. Bynum
of Indiana , "and 1 believe it will
result in the repeal of the Sher
man law , at the door of which much , if
not all , of the present financial trouble can
be laid. The earlier congress repeals the
Sherman act the better it will bo for
all. 1 believe It can bo repealed and fall to
see any great difllculty in wiping from the
statute books a law which everybody condemns -
domns and nobody favors. Indiana is for re
peal. "
llul Keen Kxnonglvo t : > tlio Country.
' I voted against the Sherman act before
and will vote for its repeal now , " said Mr.
Brown of Indiana. "Mr. Sherman's law has
been terribly expensive to the country at
large. The Sherman act , it is claimed , was
passed to prevent the enactment of a free
coinage bill. It would bo nearer the truth
to say that it was passed to keep Mr. Hani-
sea from vetoing a free coinage bill and ap
pearing before the country as an opponent of
silver. " '
m
The president's proclamation , its effect
and the probable result lu the action of the
coining congress , wore the leading topics of
conversation in the hotel lobbies tonight ,
whore politicians arc accustomed to gather.
There was a uotablo increase in the mem
bers of the next house , the report navlng
drawn them to news centers , where they
discussed the situation from every point of
view. Thu action of the president , it is ap
parent , meets with the commendation and
approval of most of the members and politi
cians now in the city , and the opinion is
almost general that the Sherman act will bo
repealed. This proposition is not refuted ,
probably for the reason that free silver men
who will conduct the light ag.iinst repeal
have very few members now in the city. The
free silver men , however , will oppose any
attempt to repeal the Sherman law with all
their strength. The fact that the mines in
the west have been closed will bo used as a
weapon to force any wavering mouibor in
their ranks back into the fold.
LOCAL SIXTI.UI-NT.
Views of Several Oniulin Ilunkrra on the
Kxtni Cnnii-es IniKil HOHHOII. |
President J. II. Millard of the Omaha
National bank was seen last evening at his
residence on Harney street and Interviewed
on the probable effect that an extra session
of congress would have ou the monetary
situation.
"You have heard , Mr. Millard , of the
news that an extra session of congress has
been decided upon for August 7 , presumably
for the purKso | of repealing the Sherman
act ? " asked THE BKE reporter.
Mr. Millard looked pleased. "No , I had
not , but 1 am Indeed glad to learn of It. I
think It will have an immediate effect for
the batter on the interests of the country.
The la to distress has been inoro of the mind
than of the pocket , and this news will have
a tendency to restore confidence among in
vestors and business men generally , inas
much as It is the popular belief that the re
peal of the Sliorman law means better times
for the country.
"It is generally understood that the law
will be repealed , and that the extra session
is for that purpose. I don't think the silver
people will llnd themselves Ecriounly dam
aged when matters become settled , as they
soon will bo.
"Yes , I think the worst of the financial
troubles la over things couldn't have been
much worse , you know and relief seems to
bo rltfht nt band. lanismo that bankers
and the publio generally will unite in an ex
pression of satisfaction at the actiou taken
by the administration , "
llonry W. YntPK' Kcntlinuntx.
President II. W. Yates of the Nebraska
National bank was found yesterday engaged
In tj ing up grape vines and looking as thouirli
ho had never a thought of the silver ques
tion or life financial crisis.
"I am glad to hoar It , very glad to hear
it , " ho exclaimed upon being Informed of the
action taken by the president and cabinet ,
" 1 had hoped for this , and only last Satur
day I wrote to Secretary Morton , us did
other banki'rs hero , pointing out the neces
sity for something of the kind , and while , of
course , wo do not pretend to any credit foi
tlio action taiten , wo may bo allowed tc
flatter ourselves that our suggestions did
not fail of consideration. I think th.it peed t
results will manifest themselves almost im
mediately , all over the country , as u result ol
tUb move.
"Of course the repeal of the silver law
Is the primary object for convening congress
in extra session , but I hope and bellovo there
will bo further legislation for the benefit ol
the sliver men 1 am a bimetallism myself
" 1 don't think small Investors and deposi
tors had much to dp with bringing about tin
stringency in the money market. It was
duo to the action of European and eastorr
investors , wio ) , frightened by the policy ol
the government in depreciating the vuluo o
silver and anticipating silver payments
withdrew all their investments , wlicrevoi
IHissiblo. I do not bollovo the distrust ha :
been general. Thn repeal of the cxlstln )
act and some action for the relief of tin
silver men u all that is needed to rcstor
contldenco "ttnd put now llfo into the bus
iuess world , and the news Just received wil
turn the tide toward the short ) .
"No , the silver men won't bo hurt by th
repeal. Tlioy are hurt all they can be
already. I look for un immediate chaog
for the butter. "
TALKUD Till : MAT ITU O VII It.
OoDEranman O'Ncll Artvliei the Vrcitdou
on the Financial Situation.
WASHINGTON , June BO. Represcnt-itiv
O'KcIl of Massachutctti wai one of th
ICOISTIXCEU ox eccoso PAOS.J
NEW YORK MONEY MARKET
Owing to the Action of the Clearing House
the Situation is Much Easier.
ITS PROMPT ACTION IS HIGHLY PRAISED
1'romlncnt I'lnnnstrrs of the Opinion that
the AVtiMt U Aliniit Over Money WHS
iinlly : Obtained Vestentnv-I.onu
OrlHU-iite * Fruuly Tukun.
Nr.w YonK , Juno 30. The money market
today was the center of attraction in finan
cial circles , rather than the stock market ,
as a result of united action of the banks rep
resented In the clearing house committee.
The situation was reported to bo much
easier in consequence of the prompt steps
taken by these banks toavcrt a money panic ,
nnd on every hand nothing but pralso was
heard for the action of tlio presidents of
these banks.
This morning a well known financier , him
self a director of more than ono largo na
tional bank , speaking of tlio action of these
banks , to n reporter , said : "The action of
Messrs. Simmons , Tappcn , Cannon , Baker
and Nash yesterday in taking out clearing
house certificates for their respective batucs
is highly commendable. These gentlemen
will probablv bo criticised by some people
for 'catcrl ng1 to Wall street , but in times
like the present it Is of the utmost Inipor
tancc that the slock market ana money mar
ket should be kept in a normal condition.
For , notwithstanding the cry against 'the
street' it is the life blooa of the whole coun
try and if it is damned up or the stock ex
change is closed , as was the case in ITOl , it
brings untold disaster upon the country.
The free movement of stocks enables the
banks to resort to their call loans and own
ers of securities are afforded n quick market ,
which , in these times , is very desirable. "
John A. Stewart , president of the United
States Trust company , said : "I think money
next week will bo comparatively easy. "
T.imned Money I-'rocly.
The banks which took out certificates
freely lent the money thus made available
without decreasing the cash in their vaults ,
as was shown by their debtor balances at
the clearing house this morning , which , of
course , wcro paid in loan certificates which
had to be taKcn by the banks having credit
balances. These debtor balances vtcre as
follows : Gallatin National banK , WJT.OOO ;
Fourth National bank , SSO',1,000 ; First Na
tional bank , Jl,5'JO,000 ; Chase National bank ,
? T.GtX ; ( > 0 ; Corn Exchange bank , $ . ' 78,000.
The two banks , the presidents of which
are members of the clearing house-loan
committee , but who did not Join with their
conferees in taking out any loan certificates ,
are the Importers and Traders National
bink : and the Chemical National bank. G. G.
\ \ illiams , president of the last named bank ,
said this morning , in explanation for not
dulng so , that the Chemical bank was not so
closely connected with Wall street as the
banks which have taken out certificates , al
though it lent money In Wall street and had
perhaps done as much as some other banks
to relieve the monetary stringency. "In
fact , " said Mr. Williams , "our loans at pres
ent are $123,000,000 , which is more , I think ,
than the loans of any other-bank , and Is
enough to have out. Wo have 87,000,000 in
cash and really do not need any certificates.
I heartily approved , however , of the action
of these batiks which took out certificates
yesterday and voted in favor of it. The re
sult was undoubtedly very beneficial. "
' I.oiin Ccrtlliiite8 ! Is-tnoil.
The banks took out ? f,47r > ,000 of loan cer
tificates today , the balance of the 60,000,000
authorized yesterday , and in addition to
that the Clearing House committee author
ized Slr > 00.000 more at its meeting today ,
which will probably be taken this afternoon ,
making the total amount Issued to date
Jl''JSO.OOO. The rate for call money this
afternoon prior to i ! o'clock was 33 per cent.
Many .loans , however , were renewed until
next Wednesday at rates varying from 20 to
25 per cent. Ono of the banks which took
out loan ccrtilicaies today bought some
"first-class paper at from 10 percent for
bills receivable to 15 per cent for single
name paper , according to time and char
acter. It was said that there was not much
commercial paper offering , anu it was argued
from the fact that merchants wcro in fairly
good shape.
Bank officers reported th\t the demands of
the country were much lighter in amount ,
but the applications wcro very generally dis
tributed. It was noticed that only very
short time paper was being received and
that was believed to indicate that the strain
was about to end ,
No extraordinary shipments of currency to
the country wcro reported this'aftcrnoon by
tlio banks , and at the subtrcasury It was
said thcro had been no telegraphic transfers
of money to the country. About 200,000 in
notes of small denominations had been ex
changed for gold , of which only $ . " > 0,000 were
for the country.
InureiiHo of Continence.
The feeling of confidence hero was in
creased by the quotations from London ,
where all American securities were higher.
Despite this Indication of confidence across
the water in tills country's securities Great
Britain Hcemcd determined to hold on to her
gold. Efforts of local firms to secure any
quantity of It have so far been unsuccessful.
The result of attempts of Kulin , Loob & Co.
In this direction are typical of the .situation.
Thcro was a report that the firm had in
tended taking &t,000uoo of loan certificates
and investing the amount in British bullion
for transfer to America. In part tlio report
is correct , but onlv to the extent of the en
deavor of the liouso to got gold abroad.
Mr. Jacobs' Schlotf of tlio linn explained it
in tills wayVo : do want to got gold from
the London market , but wo have been trying
to buy on our own account. Wo have not at
tempted to gut any of the ' loan certificates.
But for some time past 'wo have tried to
purchase gold in London. Of course , wo do
not go direct to the Bank of England , but to
our customers. Wo cannot get American
bar gold , as it is not to bo hud in the market
to any extent Jint at present , at least. Wo
can get English sovereigns , but do not earn
to take the gold In that form , owing to the
exchange. It is quite true that wo so far
have been unable to buy over there what
gold wo w .nt. "
of Clovolund' * I'roelanmtlon ,
fI' President Cleveland's action in calling an
extra session of congress for August ? , next ,
thirty days ahead of the tltno generally
expected , was a decided surprise lu financial
circles. At Ilrst the report was not credited
for tho.rcasoi ) that over since the crisis in
silver and tno money market thcro have
been almost hourly rumors about an extra
session. The reports have been denied time
and time again , and Wall street became so
set in its opinion , that oven when it WHS
definitely announced late In the day that
the call had been issued , the correctness of
the ndvlco was questioned. When , finally ,
bankers and stock operators were convinced ,
thcro was u decided fooling of relict , and the
concensus of opinion was that the tendency
of financial anu commercial affairs would
henceforth bo lu the direction of Improve
ment ,
p A special meeting of the Chamber of Com
merce' has been called fur 1 o'clock next
Tnursday to demand the repeal of the Sher
man silver purchase law.
A Washington special'to a ria'ws agency
hero say * ; Senator Voorhccs , chairman of
the senate finance committee- , saw the presi
dent yesterday and in discussing the silver
situation later said : "I am in favor of the
immediate repeal of the purchase clause ol
the Sliorman act. I do 1101 say anything
nl > out conditions being attached to the re
peal. The matter of conditions is something
to be taken up afterwards. I have 1101
abandoned my belief in the use of silver as
money. I never was in favor of the bullion
purchase clause of the Sherman act. 1 con
Aider it fraudulent and deceptive legislation ,
which simply reduces silver to a coiamoditj
and issues sliia plasters ou It. Wo might us
well buy and store up cordwood. That
clause should bo rei > oalc\lat.oneo. "
( Irnrrnl llnrrlann ; Interviewed.
Ex-1'rosldcnt Harrisonrwncn seen nt the
Fifth Avt-nuo hotel tonlRhteand asked as to
Ills opinion on President Cleveland's call for
nn extra session of ccngros , was very loth
to talk at all on anything connected with
silver. In response , however , to a question
ns to whether ho thought Mr. Cleveland's '
action wise , ho said , Hint presuming the
latest dispatches contained correct Informa
tion , it was about the only thing Mr. Cleveland -
land could consistently do.
"If ho thinks , " -said tlio cx-prcsldcnt ,
"that thu country Is in a state of strangula
tion , and that ho has a remedy , why the
sooner ho applies it , the wiser ho will show
himself. If lie thinks that ho can glvo the
necessary relief , he had better lose no time.
The cry is that there Is not enough money ,
I think that thcro Is plenty of money , but
that the people are holding on to what they
have got and hardlng it.
"I am not prepared to say whether I think
an August session of congress will restore
confidence , which Is safd to bo demoralized.
There may bo serious obstruction. 1 cnnnot
tell what may bentho extent of .Mr. Clove-
land's knowledge on the subject , but 1 know
that they would not have repealed the Sher
man law for. me.
Itehpoiullilo for tlio Slicrmnn Act.
"I think that perhaps altogether too much
complaint and stringency has been loaded on
the Sherman law. Thcro are a great many
other causes which have contributed to the
present state of affairs. In the first place ,
that law was p.ibsed by a majority of sena
tors and representatives , of whom many
wcro outspoken advocates of tlm free coinage -
ago of silver , and many thought that its
effect would bo to place sliver ntSl.iiUau
ounce. The democrats were entirely re
sponsible for that.
"If Mr. Cleveland thinks ho has the rein-
dy for coin and that ho Is able to apply It ,
, 'hy did lie not do so before ? Why didn't
o call an extra session of congress last
Vpril ?
'If you find a man hanging , with n rope
trangllng him , and cut it with a knife , that
s all right. But if you wait until the next
ay and then use your knife , you arc open
o serious criticism. That is all I care to say
n the subject. "
IllmctiiltlBtH In Consultation.
General A. J. Warner , president of the Bi-
lotnlllu league , came up from Washington
bis afternoon and held a conference with
Senator J. P. Jones of Nevada , who is stop-
Ing at thu Grand hotel , on the monetary
utlook.
The announcement that congress will hold
n extra session August 7 makes it nee-
ssary for the blmetalllsts to como to-
ether , and after n long discussion on
lie subject it was decided to call
convention of the Bimetallic league , to be
eld some time prior to ( the date fixed for
ho extra session of congress. It will proba-
) ly bo about the middlc'of July. No place
or the convention has as yet been agreed
ipon , but both Chicago ' and St. Louis are
mentioned , and General Wnrncr said tonight
hat he favoreu the latter.
After the conference ) a reporter saw both
eneral Warner and Squalor Jones. General
Varncr was asked to express himself on the
ircscnt condition of the Silver question nnd
aid : "Wo have now arrived at the
nest critical period of the century ,
n fact , I consider tlm urosent move-
nent with regard to silver the most
mportant economic revolution In all history ,
t is a life and death struggle , not only for
iiitXtiiTilira but for mptaliic money. If
limctallismgoes , mouoiueU\Hism _ will
also go an4 ttuTTiritiV'Iplo of the- auto
matic regulation ot niqucy , that Is to
say , its regulation thrpugh , . the production
of the mines , will comp to an end.
3imotalllss favor the retention of botli gold
nnd sllverat n parity , but aU what ratio can bo
determined only after b'lth are 'admitted to
nonutary use on equal 'erins. If , after that
KIS been dqne , the United States cannot'
naintain the parity of 1C to 1 the ratio can
Jo changed , as it lias before. "
Wlmt Scimtor Jones Says.
iVt this point Senator Jones added : "If
.ho gold produce and the iucomo and credi
tor classes conspire in their interests to
icstroy automatic system by the demonetiza
tion of ono of the metals , and the only ono
of the metals that promises a supply
sulllclcnt to maintain equity of contracts
and stability of prices , and to
irovcnt a destructive rise in the value of the
anil of money , it need not bo a matter of sur-
> nso if the producing glasses and the debtors
n turn should unite to serve the other metal
.n . tlio same way. "
General Warner lelt tonight for Washing
ton , bat Senator Jones will remain lu the
cast some time longer.- .
MAY HUN 'A. MONTH.
Oimiha Smelter Will Xot Close Down Ilo-
forc AKKiitt Next.
It will bo several weeks before the furnace
fires in the crcatOmaha and GrantSmeltiiig
works , the greatest of the kind in the world ,
are permitted to go put even if the silver
market continues at its present low ebb and
the owners of the smelting works decide to
close down.
"Tho present indications are that wo shall
have to follow nearly aU other institutions
of the kind in the country and eventually
shut down"said Mr. Nash yesterday"but wo
cannot very well quit for at least a month
yet. It will take about that longth-of lime
to get thoroughly cleaned UP. Some of the
smelters in Denver are already discharging
a few men , 1 see. They let out atiout 100
yesterday. They arc probably In shape to
shut down quicker than wo are and they are
going right at It. "
"Havo you discovered anything m the situ
ation that gives you hope for a favorable
change in the financial world that will
make it possible to continue tlio manufac
ture of silver ? "
"I cannot say that I havo. J'ho fact of the
business is wo are In the midst of a sort of
whirlwind and none of'.us know much about
the actual conditions or what the country is
coining to. I sco that silver has dropped an
other penny in London this morning. That-
brings it down to 00 cents nn ounce in Now
\ork. There is ono thing sure , the govern
ment will have to bcglnlbuying now in a few
days and that may liuvn a tendency to stimulate -
ulato thu Miarkot a little. The govern
ment will have to buy the amount stipulated
in the Sherman bill , which is-I.WO.OOOounccs
pcrmonth , rturlmr the next three months at
'least ' , for congress is not likely to meet until
September and the litw proscribes that this
amount must bo purchased every month.
But what the ultimate f effect of all thcso
things will bo It is iiiK ) | > ssiblo to say , Wo
shall have to wait and ao , I sunposo. "
The Omaha and * Grant Smelting works
employs In this city over 800 .nen and runs
night aild day.
_ _ _
nisi ) CLOUD IIAJJK SUSIMMH.
I'urincra and Merchant' Closed to I'rotoct
All IntyeM | .
Hen Ci.oi'i ) , Juno ; M ) , { Special Telegram to
TUB Bni" , ] For some'Jays ( past there has
been a gradual withdrawal of funds from
the Farmers and Merchants bank of this
plaio : , This morning the 'following notice
was posted on the door-of tlio bank :
Hun CI.OUD , Nob. , Jimo 30. At n muotlngol
thu board of directors , of this bank hold at
B:3 : ( ) a. m. , Juno 30 , the following resolution
wat > adopted ;
"Iti-.solvod , That In vlowof the condition ol
the bank wu dcoia it unwUn to do fiuthui
business until alter coiihultation with the
bank uxamlnur , and tjiu cuslilor is liurebj
directed to rfimost thu examiner to conn
without delay. "
In accordance tilth the above resolution UK
doors of UiU haifk will t > u closed unlll furthui
notice , W. H.tiAnmnt , Cushlor.
Particulars arp not obtainable at this time
but the deposits' are largo , The collateral 1 ;
considered good. Depositors will gut theli
inouoy. Various pin us looking to the reopening
opening of the bank without throwing it intc
tlio hands of a receiver are talked of , bui
nothing dcfinlto can bo said ubout thi'so ai
yet.
Keith County Hunk Cloned.
OUAI.UALA. Juno ! JO. [ Special Telegram U
TUB HUB. ] Tlio Keith County bank closoi
its doors at noon todayand _ U in tlio haudi
[ COKTIXICU ( J.'i SKCONl ) 1'iUE , )
4
WHEN THE VICTORIA SANK
Survivors Reach Malta and Tell the Story
of the Dreadful Wreck.
CAME THROUGH TRYON'S ' OWN MISTAKE
Ho Ordered nn Involution tar Which IIo
llnd No Itooni Hr.ivcry of tlio Men
in tlm 1'aeci of Cor-
t.iln Doith.
tfo > tirluMal IKX ! liy James Oonlon
MALTA , Juno 110. [ New York Herald Cable
-Special to TUB Bnc.1 The grand harbor
was thronged with boats containing rela-
tl s and friends of the Victoria's crew and
the bastions were black with spectators
when , at 10:15 : today , the Phactonand Edgar
arrived fromTrlpoll , bringing the survivors of
the nwful wreck. Thcro was no cheering
for the survivors , because sorrow for the
lost was the dominant feeling. The silence
was impressive as the ships passed un to
their moorings , The rescued blue Jackets
wcro soon surrounded by crowds as the
survivors were transferred to the Orion ,
which had been prepared for their tempo
rary reception.
A friend on the Camperdown sands me the
following as the cause and result of the col
lision between the Victoria and Camper-
down :
Admiral Tryon made a signal for the second
end division to alter its coursoslxtcen points ,
intending that the divisions should turn
round toward each other , but there was not
room to accomplish the movement , for the
squadron was proceeding in two lines 1,200
feet apart and each ship requires more than
COO feet to turn In. The ilrst line was the
Camperdown , the Edgar and the Phaeton.
The second line was the Victoria , the Nile
and the Dreadnaught.
Only On Quest Ion ,
Tryon's signal to the second division to
alter its course sixteen points having been
obeyed , it was , owing to the absence of suf
ficient room for the evolution , simply a ques
tion of which would rain the other.
The Victoria was struck Just before the
turret , the penetration being more than six
feet. The Camperdown loft her figurehead on
thoVietoria's mess deck. The Victoria heeled
over to starboard instantly , and appeared
to bo settling rapidly , but Admiral Tryon
signalled the other ships not to send boats ,
doubtless believing there was no necessity ,
but thirteen minutes afterward the Victoria
turned bottom up and went down head fore
most , with her screws going round and her
machinery working.
Some of the survivors wcro actually on the
bottom for a stiort time. Fleet Paymaster
Hichard was picked up alive , but injured
fatally coming up from the sinking ship.
The sight was awful , but no lives wcro lost
that could possibly Co saved. All the ships'
boats were engaged in the rescue. The
Camperdown reached Tripoli after the
wreck , llvo feet down at the bows.
Ilo Mistook tlio Distance.
The squadron was making .fpr anchorages
when Tryon signalled to change lines.
Camperdown , not answering promptly ,
because she saw thcro was not sufficient
rpo.in , the flagship asked , "What are you
doing' " Then the Camperdown , it is stated ,
Commander Smith , remarked to Tryon ,
"Thcro is not room enough , " but Tryon kept
on.
Tryon was on the bridge , directing after
the collision. Ho did not despair of saving
the Victoria until she actually turned over.
Surviving ofllrcrs of the Victoria have not
heard of the reported incident of Tryon's re
fusing a life preserver offered him by a
sailor until they arrived at Malta , and doubt
Its authenticity.
I have Just had a long interview with a
surviving olllcer. Ho states the discipline
was absolutely perfect throughout , not a
man or a midshipman wavering for an in
stant. Two prisoners were unlocked from
the cells and one was saved. Nineteen were
in tlio sick bay and they wcro all got on deck
by Dr. Ellis and nis assistants. One was a
midshipman down with fover. Ho was
brought up in a chair by Dr. Ellis , but was
drowned. Many more could have been
saved if more boats had been on the spot ,
but the admiral signaled that uoats wcro
not needed.
Ilpyorul Iliiiuiin Criticism ,
The opinion prevails that the person
chiefly responsible the disaster lies at
the bottom of the sea under the Vic
toria. Captain Bourke feels the disaster
keenly , and Is much depressed. All the sur
viving olllccr.s of the Victoria look careworn
and badly shaken.
I liava Just scon Lord Gilford. Ho is
deathly palo and on crutehes. Commander
Jolllcoo , who was sick with fever but was
saved , is convalescing. Ono midshipman
who perished was an only son and the last
of his line. Dr. Ellin was carried dowa with
the ship , but caino up with the escaping air.
The men tried to help ono another while In
the water. Everybody , without exception ,
showed calmness. Chaplain Morris encour
aged the men with his latest breath , A
hero perished in Morris. Admiral Seymour's
appointment to this command gives general
satisfaction.
UNI > OF AN RM > LOIliit. :
A'ounc Dulio nf Vr. Hi-ported to Havu Iout
IIU I.Ifn In Africa ,
ICopvrt'jMcil 1333 liu Jain',3 Ciiinlon Dennett. ]
P.utis , Juno iiO , [ Now York Herald
Cable Special to TUB HUB. ] The death is
reported of the young duo d'U/es. It oc
curred on Juno 20 in Africa , in which country
ho was making an exploring expedition
through the basin of the Congo. < lo was the
eldest son of the duchcsso d'Uzcs , who was
so prominent during the Boulangcr excite
ment. The name ho bore is one of the
greatest In the annals of the French nobility.
His title passes to his brother , the second
son of the dudiesso d'Uzcs , who has hereto
fore been known as the eointu do Crusaol.i
JACQUBS ST , Ctuc.
NO OCCASION I'Olt 1'KIOIIT.
Advleos from I'uri * to the IJIUiot that Chol
era u Not l'ildoiiilo | in Franco.
tCoj/cfiirJ | ; ? ( 1833 li\i \ Jarnen Qunl-in IlcniKtt ]
PAHIS , Juno 00. ( Now Vork Herald Cable
Special to Tim BBC. ] Thcro is not the
slightest cause fpr alarm about tlio reports
of a slight oholoraio epidemic in southern
and southwestern Franco , as the result of
telegraphic inquiries to Herald correspond
ents at Bordeaux , Cetto and Toulon show
thcro are , in truth , a few cases at Toulon
and Hycres-Alals , but they are conlluod to
these who by their habits of Ufa and sur
roundings seem to court the disease , which
shows no indication whatever of upreadlng
or becoming epidemic. Bordeaux is entirely
free from cholera , which lias been unknown
there since 16S4 , and her sanitary condition
is iood aud her death rate comparatively
low
English papers seem Inclined to work up a
cholera scdrdlu Franco now tqat the tourist
\
VI \
s j \i commences , but thcro are no facts to
I > BJ Viy alarming reports on , and the chol *
cr ? nre is i this year destined to become a
cotij V failure.
" " > \rotn the A fleeted IMilrlrtn.
Hot y.JunoIW. . ( New York Herald
Cnbleyt Vial to Tim BuE.l There has
been iJy Mora in this district since 1SS4.
The satv condition Is good and the death
rate is c rativcly low.
Ton.ox , , funo SO. [ New Yoru Herald
Cable Special to THE Br.n. ] Thcro Is no
epidemic of cholera here , only Isolated
cases.
Cnrrn. Jimo.TO. [ Now York Herald Cable
Special to Tun BKK. ] The sanitary con
ditions are satisfactory. During the last
eleven days thcro have been only ten deaths
from choleralc-diarrhtca.
xisTs IAIN A VICTOUY.
CiiMlllilstiis iliontocl Incontinently Nrnr
ITriigtiiiynnn Sntittt Amrrlrun Nolr .
[ Oipl/rfohfnl JSfVI liuJamrt ( .onion Hnuirfl.1
VAU-AUAISO , Chill ( via Galvcston , Tex. ) ,
Juno ! iO. [ By Mexican Cable to the Now
York Herald Special to Tun Hun. ] The
Herald correspondent In lllvera reports that
Cicnoral Saralva has gained an important
victory for the cause of the revolutionists
in Uio Grande do Sul , Brazil. A largo body
of Castllhlstas , under the command of Gen
eral Napa was intrenched in Uruguay-
ana. General Saralva marched against the
Castllhlstas and the battle was fought near
Uruguayana. The lighting lasted several
hours , during which many were killed , the
Castllhlstas being forced to retire. There
has been a great deal of lighting during the
last few days at various places In the south
ern part of liio Grande do Sul. The engage
ments have generally resulted favorable for
the insurgents.
I'cini Muy Henl n.
A dispatch from the Herald's correspond
ent nt Buenos Ayrcs , says a cabinet meeting
was held today , but President Saenz Pena
was not present. Humors that he
intends to resign are being circulated.
'Minister of the Interior llano has or
dered an election of a senator for
the capital district , without providing for
complying with the law requiring the
scrutiny of the ballots. .Several newspapers
refer to this action as resembling a dictator
ship. Ofllcers of the national guard are
holding secret meetings to discuss the situa
tion , which is generally acknowledged to bo
serious.
Mttrtlcrcil Their Prisoners.
The Herald's correspondent in Mclo tele
graphs that General Viola's command has
defeated the Castilhista troops. In revenge
the Castllhlstas cut the throats of the re-
voltcrs whom they captured , although they
had promised them amnesty.
The Herald's correspondent In Klo Janeiro
telegraphs that Admiral \Vahlclkok pro
poses to return from liio ( frantic do Sul
soon. Ho will expose to the senate the
cruelties committed In that state by Gov
ernor Castilho.
From Montevideo the Herald's corre
spondent telegraphs that large bodies of
Brazilian revolutionists are pouring over the
frontier of Uruguay so ns to re-enter Brazil.
The Uruguayan frontier puard has been
ordered to maintain n strict neutrality.
Senor Ellauri positively refuses to bo a can
didate. President Ilcqci'a has condemned
the press for opposing the candidacy of
Banza.
' Biiutli American NotCH.
The Italian bark Bonanza was wrecked off
the coast of Brazil. All the officers and
crew were saved. The Herald's correspond
ent in Buenos Ayres wires that extensive
frauds have been discovered in the manage
mcnt of ttio Banco Hippolecanl. The vice
president of the bank has been arrested.
From La Paz , Bolivia , the Herald's corre
spondent wires that an official expedition
lias left the capital to found a new city in
the Bcni district. A regiment of infantry
has been sent to protect the now city.
HcorKaiilzlni ; Ntciriicu.\'ti Government *
PAXAMA , Colombia ( via Galveston. Tex. ) ,
June 30. | By Mexican Cable to the New
York Herald Special to TUB Ben. ] It Is
reported to bo the intention of the now
Nh-araguan government not to appoint n
minister to Washington to succeed Dr.
Guzman. It is proposed ns a measure of
economy to abolish nearly all the legations
abroad , including that in the United States.
Government employes in all branches of
service , from undcr-sccrctarles of state
down to brake-men on the national railway
lines , are being changed.
Dr. Medina having declined the appoint
ment us minister to Franco and England ,
Baron Armeda , present charco d'affaires in
Paris , has been appointed NIcaraguan min
ister to Europe.
News from San Salvador announces that
Gome/ Cordoba , a Colombian journalist who
has been expelled from Guatemala , died on
the steamer Don Juan Just before reaching
that port. Ho was attacked with hemor
rhage.
Jose Marti , a Cuban revolutionist , will go
to Costa Klca.
rieroln ( iutlierliiK III * Army.
A dispatch to the Star and Herald from
Arcqulpa , Peru , says that General Piorola
has landed at Chola. He is actively organ
izing a following in Camana , wliero ho was
born , and other Koutliorn provinces of Peru.
It is evidently General Picrola's puruoso to
begin a revolution before congress mcots on
July 1.1 to elect a president.
Friuiro Can't < iet ( iorman Foddur ,
BEUI.IS' , Juno HO. The federal council has
prohibited the export of fodder with the
object of preventing the execution of largo
orders for hay from Franco , because fodder
is very scared on account of the drouth.
I'HOVOSUlt 'JO I'Ulill Till ! //.Vi" .
I'lai ) for nil Or : > nlz.ttlm to flnlld the
North nnd South Hiillroml ,
LINCOLN , Neb. , June 30. [ Special J'olo-
grnm toTiiE Bun. ] The executive commit
tee of the proposed north and south railroad
mot this morning and adopted u resolution
that committees of each stale organise nt
once , take hold of the enterprise in their re
spective states ami push it for all there is
in it. The Nebraska state committee chose
Senator Stewart , chairman ; U. U. MoNlsh ,
secretary , Max Meyer , treasurer.
v. F. U'ajtmr Ai
Ho U Mudu Caitoillnu of tlio MoCiicuo bav
in B Dank ,
IJIXCOI.N , Juno CO. [ Special Telegram to
TUB BISK. ] C. Fr McGrenr was tonight ap
pointed custodian of the McCaguo Saving *
bank. Ho is to remain in charge till
tlio officers and directors have an oppor
tunity to reorganize and resume business.
Mr , McGrow hue boon la charge as examiner
oinco the closing of the bank. The o Ilia era
of the bank oxprcis thoinsclvea as entirely
satisfied with the decision ,
Itullroatt Knot-Ivor Appointed ,
TOLEIJO , Juno 80. [ Special Telegram to
TUB ttpz. ] This afternoon upon application
of O. and J. Mort of Toledo Judge Hlchlo of
Lima appointed Andrew Brown of FindUy
receiver for the Findltt.V , Fort Wayne &
WesHsrn railway. Theu1 lutyrestp reprc-
DISPOSITION OF MOSI1ER
Washington Authorities Loiivo the Mattel
Wholly with Judge Dtncly.
WILL PROBABLY BE SENT TO LINCOLN
Why Certain Pnrtlci UoMro to Have th *
llank Wrecker Kept Within the No-
brinkn lenltnntlnrylll Sara
Coiulilorulilo Kxpciuo.
WASHINGTON' Btwr.AU OP TUB
613 Foi'itTKt. uit SrncnT ,
WASUINOTON. Juno 30.
Attorney Harvey of Lincoln , who ha *
been hero sovar.U days endeavoring to in
duce the attorney general to consent to the
imprisonment of Bank Wrecker Moshor at
Lincoln , instead of confining him In the pen
itentiary at Sioux Falls , had an Interview
with Mr. Olncy today. The attorney gen
eral has modi lied his position somewhat in
this matter , and this afternoon Informed
Mr. Harvey that ho would bo willing to
leave the entire matter to Judge Lhmdy.
"If Judge Dundy , " said the attorney gen
eral , "deemed It advisable ; to hold Mr.
Moshcr at Lincoln Instead of sending him to
Sioux Fall ? , I will interpose no objection. "
Thn object of imprisoning Moshcr at Lin
coln instead of sending him Ui Sioux Falls ,
as stated here , is that a number of cases
growini ; out of the bank failure and In
which Mosher will bo called us u witness ,
are soon to bo , , heard , and If ho wore Impris
oned at Lincoln Instead of Sioux Falls it
would save considerable time and expense in
transporting the ex-banker from ono point to
another.
I'nlllnc Tor nn luwii AlAn ,
J. J. Richardson , national commlttccman
from Iowa , arrived toniuht. Mr. Richardson
is here to urge the president to appoint L. L.
Martin second assistant postmaster general.
His visit to the capltol will hoof llttlo service - ' " '
vice to his friend Martin , however , as the
president left the city this evening for an
outing that may bo extended sovcral weeks.
Postmaster General Blssell is hero and Mr.
Hichardson will call 11(1011 ( him tomorrow to
urge the appointment of Martin. Mr. Mar
tin is at present general manager of the DCS
Moines As Sioux t'lty railroad.
Army Olllcerx nihimtl-ttloc ! .
Apparently ono of the most unpopular
hings that President Cleveland has done ,
n tlio estimation of army olllcors , was bi
inforcomcnt of the law authorizing him to
military men instead of civilians ns
ndlan agents. It will be remembered that
jarely two weeks ago the president Issued
in executive order dolallinct twenty olUcer *
if the army to act as Indian agents at
is many Indian reservations. Since that
line ho nnd the secretary of war have been
leluged with letters from these oflleers and
heir friends begging that they should oo
elcased from his assignment. At least ton
5f the oflleers detailed ny that order have
uccn keeping up an almost continuous cor-
espomlenco either with thu authorities or
.h their friends who might have Influence
vith them seeking foV relief from , this ap-
larently unpleasant duty.
Five of thcso gcntlomcn have brought
such good iiiilucuco to bear or have pre
sented such peed reasons why they should ba
clioved that their "kick" lias been succoss-
ul , and another executive order will shortly
ba issued substituting other names for
them. Owing to the well known secrecy ob
served lu connection with these matters In
the War department previous to the olllclal
innounccnient of the charge it is impossible
to get all five names , of the lucky ones who
uivo been relieved. Three of them are
known , howexcr. They are : Captain
Homer Wheeler of the Fifth cavalry , , .who
mid been detailed to the Chcyciiuo and
Arapahoe agency In Oklahoma ; Captain
losoph Halo of tlio Third infantry , who had
Liccn assigned to thu Colcvlllo iiacncy in
Washington state , and Captain William P.
Hogcrs ot the Seventeenth infantry , who
was to have gone to the Warm Springs
agency in Oregon. Who the ofllccrs are who
will succeed these gentlemen cannot now ba
iisccrtained , but the official order will prob-
iibly be promulgated within the next day or
two.
Secretary Morton will probably remain in
the city during the boated term. Nearly all
other members of the cabinet have planno'd
to seek rest and recreation prior to the
meetintr of congress in August , but Secre
tary Morton said tonight that ho expected
to stay in Washington.
Walter U. McNeol of Nebraska was today
appointed an examiner of Chlppewa Indian
lands in Minnesota at ? t ( per day.
Joshua B. Wood has been appointed post
master at Hiawatha , Dundy county , Nob. ,
vice Klehard 1' . Jumes , resigned. P. S. II.
NATIONAL FINANCES ,
Unelo .Siim'H ItoeelptK for tlm Yoir II *
In KICUKH oT IIU Kxpendltures.
WASIUNOTOK , June ! iO , Treasury officials
are deep in the mystery of figures today ,
closing ui ) the vast money accounts of the
government for the fiscal year l&'J2-yy. The
figures will bo officially proclaimed to
morrow and will show In round numbers
that the total receipts lor the yeap
have aggregated ? fl8.r > ,000,000 , while the
expenditures will footuii. ! Si,000,000 : , leaving
a surplus of receipts above expenditure's of
f',000.000. This was the estimate submitted
by Secretary Foster to congress as the probable -
able surplus of the fiscal year closed today
and remits prove It to have been propheti
cally accurate. In this estimate , however ,
Mr. Foster did not take Into account the pay
ment of the ChcroKco Indian claim of 1,000-
000. Had this not been paid the receipts
would have been (5,000,000 In excess of the
expenditures.
Y'-Hti'rihiy' * Appointment * ,
WASHINGTON , Juno 1)0. ) Enoch Knight ot
Los Angeles , Cal. , rccoiver of the land olllco
at Los Angeles. L. S. Uarncs of Redding ,
receiver of the land ollleo at Roddtng , Cal.
Itobert A. Miller of Jacksonville , Ore regis
ter of the land oflk-o at Oregon
City. D. W. Kisdom of Muskogee -
kogee , Indian agent at Union Agent-1 ; , I. 'I' .
Hecrolary Carlisle today made tlio fellow-
Ing appointments : Claud M. John Jii of
Kentucky , chief of the bureau of engraving
and printing. ( Juorgo W. Castln of Ken
tucky , custodian of dies , rolls and pUlcs ,
bureau of engraving and printing.
H Is stated at thu treasury that no a p.
pointmont of director of the mint will be
made until the assomhliigo of congress.
In Itogitnl to DiMufo llullilmgii.
WAHIIINOT > .v , JunoaO. As a result of the
accident to the Ford's theater building ,
Secretary Lainont today issued an order
that horoartiT the clilof of engineers will
huvo chaiv. ' of all buildings , either rented
or otncrwis i. occupied by the War dopart-
incn. , or any of il bureaus or oillcc.i lu the
Liat.'k't of Columbia.
'lliu Duseh building Is closed. This morn
ing Secretary Carlisle ordered that the per-
tlon of the torco of the sixth auditor's
oflk'o employed in this alleged unsafe struc
ture to ba dismissed with Instructions to re
port again Monday morning. Meantime the
work of strengthening suggested in H recent
report , of Supervising Architect O'ltourko
of the lica.ury will bo pursued.
lpor Tension '
1'iiyinenli/
WjteniNGTON , Juno BO. Assistant Secre
tary , * 1ms today Mgncd warrants for the
payment of $10,000,000 , in pensions. TbU
sum is an advance to the dlsburtlng agonu
ou account of the first quarter of the next
fiscal year uud la to bo distributed among
all the agencies ,
llxecutecl lor Murder ,
WI&TKH , I. T. , Juuo 80. Jo Bird , a
Chootavr negro , was executed by shooting
this morning at Wlllerton for the murJor of
his mother-in-law and vrlfo. The ihorift
shot him through the heart with a rovolvox
at llvo paces. Two ChoctnvTs , vylll Do ibol
on next Friday , and five oil tue folKmlyj
Tuoeday.
