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New-York tribune. [volume] (New York [N.Y.]) 1866-1924, January 06, 1901, Image 1

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fCcprrtctrt; 19C0: by Tfc« Trtbua* Jlraoeiat'on. J
VOLLX-.V OL LX-.N o - 19.775.
.¦"orrTrtgl-.t: 1&01: By The Ne-w-Tcrk Tribune 1
London. Jan. . The China question Is -n-ith
oat doubt the most serious complication of the
new year, but the gravity erf the situation makes
little Impression upon English opinion. The
raids of a few hundreds guerillas are considered,
strangely enough, of more consequence than the
virtual annexation of Manchuria by Russia and
» virtual annexation of Manchuria by Russia ar.d
the disturbance of the balance of power in the
Far East It is a curious Illustration of the Im
pairment of national judgment through preoc
cupation with a single subject. England, by
making too much of what Is happening In South
Africa, has a false measure for estimating val
ues everywhere else. While the Chinese Gov
ernment has accepted the proposals of the
Powers In principle, but reserved the right of
discussing the details, ft has sanctioned an
agreement by which it retains the nominal ad
sjtatetratlon of Moukden and the southern prov
ince of Manchuria under Russian military oc
cupation. This disguise is transparent, and does
not deceive any one. Manchuria has become
Russian, and the seizure of Port Arthur has led
to this inevitable sequence of events. The pres
ence of a Russian Resident In Moukden will be
i. plain indication that Manchuria, with a Chi
nese administration, has become nominally a
protected State, but In reality a province of the
Czar's dominions. The diplomatic byplay over
the proposals of the Powers and the amount
cf indemnity will go on. but there has been an
entire change In the situation, and It is Impos-
Ml tor either England or Germany to go back
to the status quo of January of last year. The
relations of the Powers have been thrown out
of balance by the extension- of the Russian sys
tem. Questions relating to spheres of interest
¦alii certainly be raised, and there will probably
be 3. fresh aeries of territorial seizures. The
hopelessness of the situation tends to make Eng-
Mi leader writers pessimistic The crisis has
e.ri£en which was contemplated In the third ar
ticle cf the ' Anglo-German agreement, but no
practical results are. expected from the con
ference at the two Powers.
South Africa meanwhile continues to hold the
field. Lord Kitchener, who was credited by his
admirers with being an Iron handed soldier, with
font' sentiment or softness, has astonished his
critics by a timely display of conciliation and
J statesmanship." His temperate language at the
i burghers' conference In Pretoria has been fol-
I lowed by a suspension" of the order for burning
i farms.. and the way is opening for negotiations
¦ for {peace. Lord , Kitchener happily has disap
pointed expectations, based upon bis conduct in
thel,E;hartQt:rn. carr.^u.^; hj-.± Is -carrying out
Lord Roberta's policy of patient leniency with
remarkable discretion. The military adviser
who "often aids me in forming a correct judg
ment of what is happening In South Africa of
fers this explanation of the calmness and In
difference v.ith which Lord Kitchener has re-
.-4 the recent raids:
Lor^ Kitchener knows that he has three points
In the - campaign, namely, to capture Generals
De TVet, Delarey and Botha. He is concentra
ting his energies upon hunting down De Wet,
end ytrhea that result is accomplished be will
rr.asp his mounted forces against the other two
Boer leaders. He has not-allowed himself to be
diverted from the pursuit of De Wet. When the
raiders crossed the Orange River into the Dutch
districts of Cape Colony, he probably smiled
grimly, for he knew that they were not in suf
ficient force to do much harm, yet would be
certain to harass the seditious population, which
has been a thorn In the British side throughout
the war. The Cape Colony Dutch are now get
ting practical experience in damage caused by
the raiders, with whom they have been in sym
pathy, and their views of the justice of the
Boer cause will undergo a radical change. Cape
Colony has also been put on its defence. Mean
while the hunt after De Wet goes on, and Lord
Kitchener tells the burghers they are not beaten
tor disgraced, but overpowered, and ought to
abandon a hopeless struggle.
.The press discussion of the Hay-Pauncefote
Treaty has ended with generalizations like that
of to-day's "Spectator," that the Foreign Office
will not consider the peculiar attitude of the
Senate, but the text of the amendments; and
tbe sustained argument of "The Economist,"
that It is difficult to negotiate with America be
cause she wobbles and does not know her mind,
nd not because she Is grasping or because she
Is tricky. There is much misapprehension here
which might be removed If the dally journals
would print the full text of the Hay-Pauncefote
Treaty as amended. The Foreign Office will pass
Judgment in due course upon the amendments,
tat not without deliberation. The most hopeful
forecast which I have received from any au
thoritative source is that it is unsafe to assume
that the amendments will be rejected and the
treaty be thrown out.
The money market has partly responded to
the advance of the Bank rate, but several days
"ill be required before it can be made effective.
It Is an idle conjecture whether the rate will be
raged again for the prevention of gold ship
iNßta. when the Bank has not secured control
it the market. That question will be more
timely late In March, .
The proceedings for winding up or re-es
tablishing the credit of the London and
Globe Company are attracting much atten
tion, owing to the association of the Mar
<r:is of Dufferin with the mismanaged group
<* speculative shares. His diplomatic sue-
r *&ses did not lit him for directing the financial
fortunes of a group of overcapitalised under
takings under the pressure of a tremendous bear
«7nseze, and ho baa felt keenly bis own re-
fcbilities when a large proportion of the
shareholders were drawn- into the dangerous
speculation by the use cf his name. Next week's
Tiling for the purpose of .determining the
f'i'ure of the company will be most exciting
j**W a proxy form In his favor be generally
•Kloptf.4 end he commits himself, to a searching
Public Investigation of the- causes of the dls
' **ttr. •-¦'--.
V^^'ork on. . the Waterloo and IJaker-st. under
v Un(l line, which had bf-en' financed', by th
*-*ndon and Globe, has not been suspended, and
"5$ undertaking; has gone too far to.be'aban
i'.M.'"l^* Kv^ry day there »re frct-h rumors, re-
< ontluufd on fourth pmcr.
','/%.*' a Ppff:e!a:lDn'gf the VemHrkaWv fine quality
: 'iiL?C' " ' ill'MM'B EXTRA DRY '''tiling to this
r~r"*t l« 'test' illustrated by. the phenomenal lm
*j2U*' in uoo of -UJ>,44l-' cases,* or -73,293 more than
other brand,— Advt.- , '¦¦.;¦ , _¦¦'
' ¦»^ rA>:fi - ALE MEAN'S CONTENTMENT. -
it-hum a dally beauty In tdß,litm.\
V)he Story of the Nineteenth Century
DART 111 of to-day's TRIBUNE is de
voted to a review of the Nineteenth
Century and a forecast of some of the
probabilities and possibilities of the
Twentieth. This is no mere scrappy,
disjointed collection of paragraphs, nor
is it a heavy mass of undigested and in
digestible matter. It is a review of the
dead century and a glance forward at
the path of the living one, written and
illustrated in a manner bound to attract
the most superficial and to please the
most fastidious reader. Here you will
find history condensed into the smallest
compass consistent with the importance
of the topics treated. It is not, mark
you, a catalogue or bare recital of facts.
Professor Trowbridge, of Harvard Uni
versity, writes about the future of Elec-
[bt cable to ihb tribune.]
Havana. Jan. s.— The Constitutional Conven
tion's Central Committee has completed a proj
ect which will be submitted in open session.
It provides for a Unitarian government, the cen
tral Government to consist of a President, Sen
ate and House of Representatives. The Presi
dent and the House of Representatives are to be
elected by the people direct, one Representative
to thirty thousand people, making fifty-two in
all. Four Senators are to be elected from each
department, by electors named by Municipal
Councils, and will hold office six years.
The departments are divided into municipali
ties the same as counties of the United States.
Each department is to have a Governor and
an Assembly elected by popular vote.
The qualifications of a President have been
fixed to accommodate General Gomez. Any
native or naturalized male cltizeii who served
in ths Ten Tears' Revolution is eligible. The
President is to have general supervision over
the departments, power to remove governors
and suspend assemblies, but the department
may appeal to the Supreme Court.
Any male native over twenty-three years old
or any male of that age wuo served four months
In the revolution is a citizen.
The President is commander of the army and
navy, but no provision is made for the organi
zation of an army.
The convention will meet in open session on
January 8 to discuss the project. The dele
gates say it will be passed within two weeks, aa
all are practically agreed on the scheme The
delegates opposed to Gomez's ambition to be
President will make another tight to have that
feature of tbe constitution making him eligible
As soon as the conventlor is ready to report
General Wood will go to Washington.
Havana. Jan. s.— The strike of stevedores and
sugar handlers has been declared off, an amica
ble settlement having been hastened by the
presence of cavalry.
The Matanzas heads of departments are pre
paring their final reports for the commanding
General. These show splendid work. The full
Government reports are not yet ready for the
public. They will show that millions have been
spent on charitable institutions, and that hun
dreds of thousands of Cuban rations were dis
tributed In the early part of the year.
( -A I' 77'/? I I > li u'ITISH RELEASED.
London, Jan. 5. — The Boers have released the
members of the Liverpool regiment captured at
Helvetia December 29.
Lord Kitchener reports to the War Office,
under date of Pretoria, January 4, as follows:
Tbe Boers have reappeared along tbe railway
in the neighborhood of Rhenoster, but it Is
doubtful If De Wet is with them.
With regard to the situation in Cape Colony,
the western commando seems to be making tow
ard Calvin, and the eastern party appears to
have broken up into small parties. Another
small body crossed the Orange River west of
Allwal North yesterday.
Cape Town, Jan. 5. — The heads of firms here
are hastily organizing their staffs into com
panies of tbe City Guards, independently of the
colonial defence forces.
An urgency meeting of the Cabinet was con
vened at noon to-day, after a long consultation
between the British High Commissioner, Sir
Alfred Milner, and the Premier, Sir J. Gordon
Sprig?. An Important pronouncement Is ex-
J.-< !• '1
Joplin. Mo.. Jan. s.— Thomas Cunningham, presi
dent of thß Bank of Joplln, received a letter
through the mail yesterday demanding that he
place $1,000 In gold in a sack and deposit it at a
certain designated spot, south of Joplin. If he
should refuse to comply, the writer threatened to
shoot Cunningham on sight. President Cunning
nan consulted with the Police Department, and
it finally decided to fill a bag with rocks and
Wvo It it the place Indicated, which was done.
Orticers concealed near tho place waited all night,
but no one put In an appearance. The police arc
woW'nK on the case. The letter «a« reasonably
w-;i written. It covered two sheets of large size
tablet paper. It was inclosed in a common ftie
white envelope, plainly addressed, and had been
ma iVd at the Joplin postofllco at S:SO a. m.. Janu
ary' 4 It was undated and unsigned.
i'r«s!dent Cunningham professes not to bf> wor
ried over .he affair.
1:00 P. M . 5:30 AN.) 9:20 P. M
At r-.fh of these hours a splendid fast train leaves
Grand Central Station by the New-York Central,
Lake Shore and Big Four for St. Louis. . There is
no better service or mere comfortable route.— Advt.
Thr«>« Dollars per dozen.-l« 0 Broadway (40th St.)
William P. Hazen, an agent of the United
States Secret Service, yesterday rounded up
what he believe* to be a gang of counterfeiters.
He considers the arrests the most important
that he has made in many years. There are
seven men and one woman, and, according to
Mr. Hazen, they have flooded the country with
counterfeit quarters. This denomination seems
,%o have been the principal coin which they made.
The coins were \ cleverly made and would
easily pass for the genuine article. They were
made from sheet sliver. The gang had two
places fully equipped for doing the work. None
of the • prisoners hav<,» been arrested before, so
far as Chief Hazen knows. They had agents
all over the country and sent the money to
them as rapidly as it was made. It is estimated
that they have been in business for two ;jrs,
and they must have eotae^ many thou«B r*
q,uart«,T. V.
Cine' trailer/ and his men arraigned t'l pris
oners before United Stales Commissioner SaleMs
late yesterday afternoon. They described them
selves as Michael Otervo, of No. 181 Gr&nd-st. ;
Godel Giudice, .otherwise known as Plo Paris, of
No. 61 Sullivan-st.; Glacomo Plscopo, of Xcm 144
Baxter-st.; Achilles Chicherio, of No. 183 Sum
mit-st., "West Hoboken; Pleiro Pesapla and his
wife, Josephine, of No.. 112 Mulberry Sylves
ter Acunto. of No. 69 Fourth-aye., and Amello
Arboit, of No. 421 Adams-Btf, Hoboken. They
are all Neapolitans. Plo Paris Is the recognized
leader and has the brains of the combination.
The men were held in $5,000 bail each, and the
woman in $2,500, for examination on Tuesday
at 2 p. m. In default of ball they were com
mitted to Ludlow Street Jail.
Mr. Hazen said that he and John J. Henry,
Frank Burke. Matthew Griffin, Edward Tyrrell,
William Gannon and Benedict Peake, agents,
had been working on the case for five weeks.
He had received complaints from all parts of
the country that 25 cent counterfeit pieces were
being circulated. He received complaints from
the Metropolitan Street Railway Company and
the Brooklyn Rapid Transit Company that the
coins were in circulation in this city. He traced
the prisoners to No. 11l Mangin-st. He had
been informed by Platte & Co.. of this city,
large dealers In sheet silver and gold, that two
Italians had purchased a thousand ounces of
sheet silver. One of the men was noticed at the
time of the purchase to compare one of the
sheets with a coin which he took from his pocket.
It was also discovered that the gang had an
other house at No. 95 Watts-st.
Mr. Hazen's plans were nearly frustrated by a
policeman on Friday morning. A person living
in the Mangln-st. house became suspicious that
the men on the third floor were do'ng some sort
of crooked work, and he informed a policeman.
The policeman went to the door and pounded for
admittance. He was not answered, and soon
went away. At the time Plo, Paris and Ohi
cherio were in the room. The men fled to the
Watts-st. place, carrying with .them many die's,
coins, etc.
The first arrests were of Paris and Chicherio,
on Friday afternoon. Paris threw away 300 blank
pieces of silver ready to be stamped Into coins.
The room in Mangln-st. was fitted up as a
machine shop. There was a screw press, a
hand press, for cutting out planchettes, and a
12-foot lathe.
There were also a quantity of 'cheap silver
and a number of counterfeit coins bearing dates
1899 and 1900. At the Watts-st. place,- in a
basement, there was a $500 press for stamping
coins. There were also many counterfeit quar
ters and three sets of dies for stamping the
coins. Several dies were found the faces of
which had been filed off and mutilated. Mr.
Hazen says that when the policeman gave the
alarm the counterfeiters began to mutilate the
dies/ to prevent them from being used as evi
Paris and Chicherio rented the Watts-st.
place last September, saying that they were
fancy leather workers. The machinery. Mr.
Hazen said, was purchased by Michael Ciervo.
Across the middle of the basement was a
wooden partition with a secret opening, so that
the men could escape by the back door la case
of danger.
Pletro Pesapia was arrested at 1 o'clock yes
terday morning in his cigar store, at No. 112
Mulberry-st. He had a few counterfeit coins In
his possession. His wife was found in bed on
the fifth floor. Counterfeit coins were found in
a bureau drawer, and about eighty bad quarters
between the mattresses on the bed on -which the
woman was lying. . A few counterfeit coins
were found on each of the men wh6 were ar
rested. • ¦
Mr. Hazen says, that one of the gang escaped,
bnt he thinks he will capture him. • . . '¦_
Some of the dies found in Watts-st. might
have been used for making dollar and 50-cent
pieces. The silver used. was --... fine, v nil- the
silver the Government uses la. 000 fine. There
was .'. profit of -12, t0- I.", cents on each 25-cent
piece. The «an . -since they have been watched,
have purchased on- an average fifty ounces of
silver every day. This.. > it 1« estimated, .gave
them a profit of"about $30 a day. ;
BEAT IT IF .YOU". CAN.' '.;!. ¦ ' ?
—the beauty. grace, and fragrance of .Evajia'. Ala.
And Some
of the
> < > < "">""<
Don't Miss
I found Senator Platt in hearty accord with
all the recommendations In my message to the
Bills carrying those recommendations Into ef
fect will be Introduced promptly.
The New-York City Police bill will be on the
lines recommended in my message, and the
Commissioner-Chief will be removable by the
Mayor or the Governor, on charges.— (Governor
Od*ll to a Tribune reporter last night at the
Fifth Avenue HoteL
Governor Odell spent yesterday afternoon at
Republican State Headquarters, in this city,
and received from Senator Platt. State Chair
man Dunn. Lieutenant-Governor Woodruff and
other State leaders assurances of hearty support
of bills carrying into effect the recommendations
in his message.
The Governor was master of the situation, and
so firm was he In asserting his position with
Messrs. Platt and Dunn that they finally in
4or»ct.hls views on the Police; Vt», W Tt-^ Gov
ernor maintained that while the single Commis
sioner and Chief combined should be removable
by the Mayor, the head of such an Important
department should have an opportunity to an
swer specific charges before being compelled to
surrender his place. The Governor argued that
this was consistent with fairness, and | due to
the people of this city. After a somewhat ani
mated discussion, it was finally decided that It
would be wise to have incorporated in the pro
posed Police bill the provision that the Commis
sioner shall be removable by the Mayor or
Governor on charges sustained.
Governor Odell spent nearly the entire after
noon with Messrs. Platt. Dunn, "Woodruff and
Senator Ellsworth, and later Speaker Nixon, of
the Assembly, and Assemblyman Allds, the Re
publican leader. Joined them. The Assembly
and Senate. committee chairmanships were dis
cussed, and then came the more vexatious prob
lem of distributing the rather limited amount of
patronage connected with the organization of
the two houses. State Chairman Dunn had
enough requests and indorsements for places to
fill a bushel basket, and the conflicting Interests
had to be carefully considered before the final
decisions were made.
Governor Odell left the conference at 5:30 and
went to the cashier's desk in the Fifth Avenue
Hotel. There is where he made the statement
concerning the conference, and he supplemented
It by saying: "Of course. I am gratified that the
message received cordial treatment. I didn't
know I was such a successful author until after
I saw what the newspapers had to say about
my work. lam going to Newburg to-night at 6
o'clock to spend the Sabbath with my mother.
She couldn't go to the inauguration, and she
wants me to tell her all about it. I shall go to
Albany to-morrow night."
The Governor's trip to New- York yesterday
was more or less of a surprise to the local poli
ticians. It was said last night that Colonel
Dunn had asked him to come to the city, as he
was confident that the great number of things
to be disposed of could be got out of the way
In a much shorter time with the Governor on
Earlier In the day. when Senator Platt was
asked about the Governor's message, he said:
"It Is a very commendable and praiseworthy
document I have been in favor of the reform
measures Mr. Odell suggests for a long time."
When asked about the speed with which the
Police bill will be pushed, be said: "We calculate
that the Mayor may hold the bill the full fifteen
days permitted by law. The bill will probably
be delayed in the. various other stages about
fifteen days. There Is no reason why there
should be any further delay."
A number of Assembly clerks will have to be
dropped this year. If the Governor's economy
programme Is carried out. So far as possible,
every Assemblyman and Senator will have some
sort of an appointment, but the places will, not
pay as well as formerly.
Ex-Deputy Fire Commissioner Clarence A.
Barrow, it mm said yesterday, ' Is to have a
clerkship worth $1,500. and W. L. Ryerson. a
colored campaign speaker, is to be a messenger
In the Senate. The appointment of Fred W.
Johnson 13 in doubt He is a colored Republi
can, and Naval Officer Shark-y Is trying to
prevent his bring appointed to a janltorshlp.
State ¦Commltteeman John D. Tost is trying to
pet him placed. Senator Marshall is to go on
the Committee on Cities and Insurance, it was
said and is to be chairman of the Committee
on Engrossed Bills. Senator. Audett will go on
the Cities, Canals and Banks committees, and
will be chairman of the Public Printing Com
mittee: Senator Fuller will «•¦ on the Railroads,
Canals and Public Instruction committees, and
be chairman of the Committee on Revision, it is
understood, while Assemblyman De Graw is to
be chairman of the Committee on Banks an 1
Assemblyman Cotton is to have the chairman
ship of the Military Affairs Committee.
• ¦ ¦ • >.-.- •-'¦ • OUT .CHANGE- --: •
via Perm and Southern Ry. Special Pullman Draw
ing Room Sleeping Car every Thursday. -- New-York
*^— - "Xn ana 1.155 Broadway.— Ad ¦
tricity in a delightfully simple style.
General Greely describes the romance
of the Century's progress in Exploration.
Professor Doremus is perfectly at home
in the realm of Chemistry, and he writes
so lucidly that the least learned of
TRIBUNE readers may understand.
Professor Daniels, of Princeton, photo
graphs the Educational Progress of a
Hundred Years.
But why continue the list? Ma
chinery, Trusts, the Drama, Music, Art,
Literature, American Expansion, Con
stitutional History, Wars of the Cen
tury, Scientific Development, Religious
Progress, Jurisprudence, Agriculture,
Sports — all are reviewed by experts
who know what they are writing about
and how to write it.
Bishop Potter said yesterday that he could riot
disclose the name of the Tammany man who
went to him with a proposition to have the
crusade against vice stopped on condition that
Inspector Cross or Captain Herlihy was removed
from office. At the City Club on Friday evening
the Bishop explained that he did not care to
have the heads of any officials. The Bishop
said yesterday:
I believe that Captain Herlihy did what Inspector
Cross told him to do: that Cross only gave orders
such as he had received from Chief Devery, and
that Devery has carried out the wishes of the poli
ticians who are over him. Punishment of the men
at the bottom will accomplish little. It is the po
litical system of "swag" that controls them all. It
seems to me that most people who live and rest
under the political system that dominates the gov
ernment of the city fail to appreciate the real dra
matic features of the situation. There Is no more
shameful and infamous traffic In the world than
the traffic in human blood that Is permitted in some
parts of the city. Girls under sixteen are sotd to
slavery and shame. People engaged in such in
famous 'raffle are protected by the police and pay
:cr tint protection. It becomes a part of the sys
tem of political government which Is made profit
able to the politicians. Money derived from such
a system enables a political boss to disport him
self like a nabob.
I said last evening: that a change in the municipal
administration will not bring about a better state
of affairs unless the people of the city are aroused
from indifference to the existing evils. Continual
vigilance is needed. Between the cupidity of the
politicians who rule and the indifference of the
people who are governed, the system of political
"swag" gets a stronger hold.
James B. Reynolds, head worker of the Univer
sity Settlement and a prominent member of the
City Club, said yesterday:
The agitation In connection with the present vice
crusade Is leading up to the Mayoralty campaign
next fall. The reason why the Strong adminis
tration was not appreciated was because there was
at that time no organization throughout the en
tire city which could prepare the public mind for
any movement that might be contemplated. Such
an organization Is Tammany Hall. When it wants
to make a move the district leaders are called to
gether. They are Informed of what Is going to hap
pen, that the interest of some of them might suf
fer at first, but that in the long run they would
be benefited by It. Thus every plan of action Is
rounded off before the move is made, and all ob
jections occur In the secret councils of the organ
ization Itself.
Now, we propose that the City Club In the com
ing campaign shall do for the moral forces what
Tammany Hall does for the other side.
The necessity of protecting witnesses against
police persecution and intimidation has been
recognized early by the Committee of Fifteen.
William H. Baldwin. Jr.. the chairman of the
committee, said yesterday that the committee
is receiving a great mass of evidence regarding
the existence of evils in the city. The informa
tion comes from workers In the College and
University settlements, from clubs and social
organizations scattered all over the city. The
committee has decided to treat Its informants
fairly and not betray them to the police. Mr.
Baldwin spent some hours yesterday morning
examining the accumulating evidence. He said
he expected to devote some hours every day in
future to work In the committee's headquarters
In the Park Row Building. He said:
Even if the Committee of Fifteen had accom
plished nothing else, the gratifying fact that the
whole community seems thoroughly aroused in
the interest of an 1 prepared for the advent of an
era of better conditions, and this before we have
well got down to work. ou?ht to show the use
fulness of this body. Of course, our committee
could never hope to accomplish anything if it did
not have the public behind it: but this seems to be
the case, for almost every club and organization
as well as all political bodies seem to be teeming
with activity In the interest of reform. •
Charles E. Overbaugh, thirty-three years old.
of No. 2.698 Elghth-ave., tried to shoot his wife
and a policeman last night. He was put In a
straltjacket and taken as a prisoner to the Har
lem Hospital.
Overbaugh is employed in a Sixth-aye. depart
ment store. For a week his mind has been in a
peculiar state, as ordinary Incidents have ex
cited him almost to a frenzy. He Imagined he
was being watched, and that his friends and the
people in. the store wanted to kill him. and were
watching for a good chance. He bought a re
volver to defend himself, and went home last
night highly excited.
• Mrs. Overbaugh mm at home, and her hus
band attacked her. . He took the revolver from
his pocket and ran after her. She sped through
the rooms shrieking till she manased to slip
out through a side door Into the street. She
locked him in. Then she told Patrolman Don
nelly, of the West One-hundred-and-twenty
flfth-st. police station, and Donnelly went Into
the house. iiv ¦¦ Laugh spied the policeman, and
raised the revolver to shoot htm. Donnelly
dodged behind a door, and Overbaugh came up
to shoot, but the policeman pounced on him and
bore him to the floor. The woman got another
policeman while Donnelly "exerted all his strength
to keep m- frantic man on his back.
vw Si! .'hen K> n, .. ¦ -. „ ¦.: Kllm.-, , S , T -
Tice intoPtnenurst New-York Offices. SH and
I.lS* Uruii !« U A.:vi
Is via IVnn. R. X.. "Washington. Richmond, Charles
ton "N. -Y.". £ Ha Special", i.i: ••!••- January
14th" Ticket* an.i full Information Atlantic Cuaai
Lino office.' 1161 Broadway, correr 27th Street.—
Vs. it is true that 1 have borigbt the control
of the New-Jersey Central property, and have
altered It to the Reading Railroad, and ' they
have accented it."
So much J. Purport Morgan would say yester
day afternoon, in correlation of the two Mi
announcement which at noon yesterday, at the
very dose of the market, gave Wall Street one
of its genuine surprises, although _ this tre
mendous operation had more than ence within
the last year been rumored to be in c -tempi*- ;
mm As to the price paid for the "control, the
nature of the arrangement under which th»
Philadelphia and Reading: Is to operate its new
acquisition, and the plans far financing 1 the pur
chase, Mr. Morgan declined to say a word.
In yesterday's erratic market the stocks of th«
two roads mentioned were firm and advancing.
New-Jersey 'Central sold as hish as 160. and
closed at 157. a net gain for the day of 2%
points. Of the Beading Issues about 275,000
shares changed hands. The common, advanced
5% points, dosing at 33%; the first preferred
gained 2 points, the close betas; a- 74, and
the second preferred advanced 3% points, clos
ing at 45%. All these securities have made big
advances in the last few month* Th-> rumor
that the Reading had secured control of tlia
New-Jersey Central, as a further step in th»
plans which Mr. Morgan has been puttln? grad
ually into execution m the teat two years for
•he Improvement of the anthracite situation, had
been faintly heard in the teat day or two In th*
I financial district, but no general credence was
given to It. as the popular theory had been ail
along that the Central would ; is.i ender 'he con
trol of the Baltimore and Ohio, as an extension
of the application of the Ftnnaylv ia- x
Tork Central agreement of Jnly. 1509.
The Baltimore and Ohio nsea the PhUadelphl*
and Reading tracks from Philadelphia to Bound
Brook. N. J., and both of these nnmnanlm com*"
Into Jersey City from Bound Brook over tfc*
Central of New-Jersey Railroad. The Central
has at Jersey City exceptionally extensive an<3
valuable terminals, the possession of which by
the Baltimore and Ohio. it has bean urged, would
greatly strengthen the position of the latter m
a trunk line road.
It was reported yesterday afternoon that th«
arrangement with Mr. Morgan for control of
the Central was a defeat for President Cassatt.
of the Pennsylvania Railroad Company, who. It
was said, had several months ago, when New-
Jersey Central was many points below Its pres
ent figure, offered to purchase the controlling
Interest at 150. acting for the Baltimore and
Ohio. In the management of which the Penn
sylvania Is now dominant. This rumor, how
ever, was absolutely denied by a leading Ml
Jersey Central interest. There was no anta?v
nism to Mr. Casaatt. he said. There bad been
negotiations with t£* Hjltlmcre and Ohio, hut
the Reading: interests had simply got m fIMI I
of them.
The controlling Interest m the Central Mi
road of Jersey is commonly undent- to
have been held by a small group of men. among
whom are George F. Baker and H. C Fshne
stock, respectively president and vlco-pres;
of the First National Bank, nod J. R. Ma snail.
president of the road. President Maxwell said
yesterday: "The sale is the result of personal
negotiations between Mr. Baker and Mr. Mor
gan, and has been pending for some time. What
price was paid? Well. If the purchaser will not
state the price. It Is hardly seemly that tbe
seller should. The minority shareholders, how
ever, will get the same price for their stock as
the majority shareholders are to receive. No. it
Is not true that the New-Jersey Central owns
$4,000,000 of Laekawanna Railroad stock.
"They buy the control of the Central. How
they will operate It is no concern of the seller*.
As to your question about a possible consolida
tion of coal selling agencies to follow the change
of control of our road. I may say that ther«
Is nothing particularly new In that. They ftsjn,
had that In mind for some time, and I under
stand they have some such Idea In mind now."
While no trustworthy information could N*
obtained yesterday as to the basis on which th«
Reading would take over the Central, it wu
ported that the arrangement would taka tn»
form of a long lease, with a guarantee of at
least 6 per cent dividend on the New-Jeney
Central's stock. That road has an authorized,
capital of 130.000.000. of which 227.113.500 M
outstanding, on which 5 per cent dividend was
paid last year. In IS3S and 1890 the dividend
rate had been 4. per cent. in 1997 5 per cent, La
1806 5 per cent. In 1885 5% per cent. In ISB4.
1883 and 1892 7 per cent. In 1891 6H per cent
and in 1860 6 per cent.
The authorised issue of general mortcag«
bonds is $50,000,000. of which there Is outstand
ing $43,924,000. There are also equipment mort
gage 4 per cent bonds amounting to 51,530.000.
payable in 10 per cent instalments yearly on
Juno 1. The bonds are secured by a consoli
dated mortgage taken out m 1874 of $1,107,000.
bearing 7 per cent interest. There are also •
per cent debentures, convertible into stock.
amounting to $372:800, and 5 per cent real estate
bond and mortgage of $119,100. The amo •.. 1 1 of
guaranteed bonds Is $14,140,692: also $£Ui6.000
of additional outstanding consolidated mortgage
bonds of the Lehigh and Wilkesbarre road,
These bonds are owned by the New-Jersey
Central -*-V-
The Philadelphia and Reading Railway Com
pany (which owns the railroad, but no equip
ment) and the Philadelphia and Reading Coal
and Iron Company are both owned by the Read
Ing Company, which has an authorized capital
of $70,000,000. of which all except $100,000 I?
outstanding, and $28,000,000 of 4 per cent first
preferred stock and $42,000,000 of second pro
erred. All classes of stock of the new company.
which Is a reorganisation of the old rail re
company and the coal and Iron company, sail
under forecloseure in September. 1806, are held
by a voting trust composed of J. Fttrpont Mor
gan. P. P. Olcott and C. S. W. Packard. There
Is a general mortgage of $135,000,000 of 4 nor
cent guaranteed bonds, the amount now out
standing being $61464.000. Car trust bonds
bearing 4 per cent guaranteed Interest, and
via Perm. and Southern Ry. .moat m*saiter-.i- *: rd
luxurious train in the world will leave sJew-v-irk
telly, except Sunday. noon, commencing Jan
nary 14. Composed exclusively Composite. Dming
Compartment.. Drawia-r r.oom. Sleepintr. Observa
tion and Library Car?. New-York to St- Augustine:
also carrying Pullman Drawing Room Sleep ; ' Car
New-York .to Aiken and Augusta. immediate con
nections for Rruns^ick (JeTivl Tjland). Thomas
ville. Two other Callr fast trains, with Perfect
DfnlitJJ.-nml Ste^pln?. Cnr Service. Naw-Tcrk Of
fice I',1 ', 27*. nini 1.155 Broadway.— Advt.
and tanii with inward pleasure.— Ad vt>

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