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THE MINNEAPOLIS JOTTRNiHE
PRICE TWO CENTS. WALL STREET IN A WHIRL Speculation Has Grown Into a Reckless Frenzy. PERFECT CRAZE TO BUY Conservative Men Are Predicting Trouble Ahead. ENGLAND IS JOINING IN THE RUSH Western Clique of Speculators Known us the "Waldorf > Crowd—Gould. BUREAU OF THE JOURNAL, No. 21, Park Row. The Wall Street Boom. April 26.—Speculation has taken hold of Wall street and is tossing it about as though it were a chip on the crest of a tidal wave. It is an inverted panic that has been sweeping the street off its feet, for every one has been in a frenzy to buy. None but the most conservative have tak en the trouble to think of what the end ing will be and the men who express doubts of present conditions being able to last forever are laughed at by the great jnajority for their pains. The financial iistrict for months has been in a turmoil, which has been growing more and more intense with each recurring day until the fever has engulfed not only the entire city, but the entire country, and to a certain extent, the entire world. The public is money mad and it is no wonder records have been smashed to smith ereens and then resmashed and each suc cessive record smashed again until it is impossible to keep track of the exact number of shares that constitute a day's record on the Stock Exchange. It is no wonder Exchange. seats have been mount ing in prices by $3,000 and $5,000 a day until no one knows exactly what a seat is selling for and in fact no one really knows a broker who is offering his seat for sale at any price. Eighty thousand dollars Is cheap for a seat, basing its value on the business being done daily. Even a two "million-share day is becoming common place now that the Exchange has seen a day with over 2,500,000 shares recorded on the tape, and at least a auarter of a million shares unrecorded in the rush of business which was such that the wonder was the clerks could even record as much business as they did. The Craze to Buy. ' Wall'street'has been crazy to buy for weeks and months, and instead of becom ing satiated, i's mind, is fairly running away with the delirium. It is no wonder -men' stop in fear; speculators r have been recklessly overtrading their accounts, banks have not been reckless, but unques tionably they have been overlending on their securities, while brokers have per mitted customers to have far more credit than conservatism and the best business principles would dictate. All cannot be rosy for all time and trouble is ahead; it may not be for long, It may not be seri ous, but there must be regulation some where.^'^ This may sound pessimistic and bearish and be laughed at by the younger genera tion of speculators, but it is logical and will be found sound. The Organization Microbe. After the election last November specu lators began to tread air and tie or ganization of the Morgan Steel giant sent them up ln a balloon. From that time the consolidations of industrials and the com binations of railroads have been coming so fast that it is not to be wondered at things have gone as they have. The seeculators and the manipulators are not to blame for the fever, but unless the air brake is applied, and speedily, too, there will be a crash the like of which has been seldom seen. The increase of values by the fiat and other well-known Wall street means has gone a long ways and is preg nant with disaster. Not that the bottom will fall out of the market, not by any means. It ls too firmly there, and there is withal a good bit of reason back of the tremendous increases in values. Only they have been made with injudicious ra pidity. The world of finance has eaten, yes, gorged itself,, at a rate that defied di gestion. It must have a period of coma to let Its interior organs catch up with Itself, else there will be stomach trouble Jt a serious, though not fatal or lasting nature. England Catches It Also. America has not alone been affected for our English brethern have been as crazy to get their money in "Americans," as they call our securities, as we have been ourselves. This has been one of the fun niest incidents of the big advance. At first the Englishment started out after election as bears. They believed our mar kets had discounted the result. After fighting the advance for months ana standing big losses the Englishmen hesi . tated and resolved to watch things a bit. For a short time they held aloof and then pitched in to bull the market at a rate that surprised the men on this "side of the Atlantic. They have been accumu lating stocks by the hundreds of thou sands until it is now estimated that our friends the Britons possess some forty millions of dollars worth of American se surities. The Billion-Dollar Week. When the present week started in the men of the financial district wondered seriously what. was coming. They carried over from the preceding week a total .business of over 10,000,000 shares traded in, with one day, Friday, April 19, as the record for the b*ard, a shade under 2,600,000 shares having been officially re corded on the tape that day. The total for th/> week represented over $1,000, --000,000 at cash values and was ; stagger ing to contemplate. Yet so confident of further recklessness were the members of the "Waldorf clique" that on Sunday night bets were freely laid in the cafe of that famous hotel, which, has been dubbed the "uptown curb," on the Ex change seeing a day within the present *eek when . the tape would show more than two and. a half million shares traded in. Men who bet on this conting ency on Sunday night cashed in their >ets ;on Monday night for their figures ■pere reached inside of twenty hours after ihe : bets were made. The machinery of ihe Exchange has been. taken to the limit to handle the immense volume of busi ness and the strain is by no means ended. No, Friction Yet. Yet all- has run ' along without slip or friction; not a failure has occurred and not a firm has become so involved as to I require j outside : help. This is in the face of - the fact -, it has not infrequently oc curred that houses in reality perfectly Continued on Fourth Page. HEME AFTER THE COMBINE Injunction to Block the Cop per Trust. P BEHOLDER'S ACTION Demand j Made for the Full Terms ci Deal. COMBINE WILL FIGHT THE SUIT Movement Against the Combine Has Been Expected Since It Was Announced. Special to The Journal. New York, April 26.—Legal steps have been taken to prevent the consolidation of the Boston and Montana and the Butte and Boston copper companies with the Amalgamated Copper company. A temporary Injunction has been granted by Vice Chancellor Pitney in Jer- j sey City restraining the Amalga- j mated Copper'" company from purchasing ; control of the stocks of the two companies until the full terms upon which the deal will be made are disclosed to the stock holders. The order is returnable May 6. " The application for the injunction is ' signed by Calvin O. Greer, who states: that he is the owner and holder of 104 shares of stock of the Amalgamated Cop per company. The Complaint. In his bill of complaint he prays for a writ of Injunction restraining'and en joining the Amalgamated Copper com pany, its directors and-agents, from pur chasing or taking over by way of exchange of securities or for cash any of the stock of the Boston and Montana Consolidated Copper and Silver Mining company or the stock of the Butte and Boston Consoli dated Mining company upon any terms whatsoever in excess of their actual value, and not until the terms offered these companies have been submitted for ap proval to the stockholders of the Amalga mated Copper company. The complaint also asks the court to en join and prevent the directors of the Amalgamated Copper company from hy pothecating, mortgaging or creating any lien on the property and present assets of the company or creating any indebted ness whatever to take over the two Boston copper, companies, until the stockholders of the Amalgamated company are fully acquainted with the terms of the deal, which are to be approved by them. The injunction granted incidentally pre vents any increase in the capital stock of the Amalgamated Copper company. A director of the company said that stubborn opposition to the injunction would be made in the courts. . Supposed' HHnze Move. The movement against the union of the three big copper producing companies has been expected ever since the information became public that the deal was in prog ress. It was quietly reported that a de cisive blow would be struck by the cop per interests that have been antagonistic to the big Standard Oil property since its formation, and Augustus F. Heinze, who has been conducting a prolonged litigation in Montana against the Amalgamated Copper company, was frequently men tioned as being the instigator of the movement in case it took a definite course. . v . y-y. HEAD JERKED OFF Rope Breaks at Hanging of "Black Jack," the Outlaw. HE CONFESSES ANOTHER CRIME In. a Letter to the President He Says Innocent Men Are in Prison. Clayton, N. M., April Thomas E. Ketchum, alias "Black Jack," the train robber, was hanged at 1:21 p. m. The rope broke, but the fall jerked Ketchum's head off. Clayton,, N. M., April Thomas E. Ketchum, the train robber, whose hang ing was fixed to take place here at noon to-day, mailed a letter to President Mc- Kinleythis morning in which he says: Standing in the presence of death, where no human aid can reach me, I desire to communicate to you some facts which may perhaps be the means of liberating innocent men. There are now three men In Santa Fe penitentiary serving sentences for the robbery of the United States mail at Steins Pass, Arizona, in 1897, viz: Leonard Albertson, Walter Huffman and Bill Waterman, and they are as innocent of -the crime as an unborn babe. The names of the men who committed the crime are Dave Atkins, Ed Bullin, Will Carver, Sam Ketchum, Broncho Bill and my self. I have given to my attorney in Clay ton means by which articles taken in said robbery may be found where we hid them, and also the names of witnesses.who live in that vicinity who will testify that myself and Bang were In that neighborhood both im mediately before and after the robbery. The fact that these men are Innocent and are suffering, impels me to make this [ con fession. While you cannot helf me and while I realize that all efforts to secure to me a commutation, of my sentence have signally failed, I wish to do . this much. in the In terest of these Innocent men who, so far as I know, never committed a crime in . their lives. I make this statement, fully realizing that my end is fast approaching and that I must very soon meet my maker. ■ Thomas Ketchum, alias "Black Jack," has been the most noted, desperado of the southwest for many years, and although I it is said that he boasted of having taken the lives of many fellow beings,, his exe cution was for. an attempted train rob bery in which nobody was killed. Near Fctsom, N. M., August 16, 1899, Ketchum singlehanded held up a Colorado & Southern passenger, train. He ordered the engineer- and the fireman to uncouple the engine and leave the train. The con-, ductor and the: mail agent shot Ketchum in his right arm, but changing the rifle to his left shoulder, he wounded' both ; the conductor and the agent. He was captured the next day. .■■../. "Black Jack" is said to have been the leader, of a band of outlaws who com mitted many train robebries and other raids in Texas, New Mexico and Arizona. This : band . has/ been ;• scattered since his arrest, seven or eight having.been: killed. : .; Ketchum \ declared I to-day * that '■ he "i was not "Black Jack," as that bandit was still at liberty. •-;.•'.■ «, ': . . FRIDAY EVENING, APRIL 26, 1901. Lj^^^jjjj^/r'-,>^^ r -^^.y^ffjiij|jy) _ "^ t___T^,>^-^^ , -^^^^rriTi' v . . ■ ■-.'■-■-■ '-'_■'•' ■' - ' ' ■'.■.! ".'-.'• .■■ ■ ARBOR DAY IN CUBA. Cuba—-You trimmed the limbs back pretty close, didn't you Uncle? Uncle Sam— Yes; got to do it in transplanting, you know, my boy. DEAD IN THE RUINS Eighty Bodies Are Recovered at the Powder Works. ABOUT 150 PERSONS INJURED More Explosions Feared, and the People Are Ordered Out ot Town. .;•--'--■-.■-<,«£ - -•. ■ * ; _-• I Frankfort, Germany, April .26.— 11 o'clock this morning eighty bodies had been recovered from the debris at the Electro-Chemical works, near Griesheim, but there are still many missing. • About 150 persons were injured, many of them seriously. The work of fighting the flames proceed ed throughout the night, though the dan ger of further explosions was regarded as averted at midnight/ "< The search of the ruins continues. Vil lagers and survivirs were groping about the ruins in search of relatives and com rades, trying to recognize missing friends in the charred bodies of mutilated corpses. The flames gutted Marx & Mueller's chemical factory and a part of the Gries heim color works. Cause of the Disaster. The catastrophe originated in. a. small fire which ignited several receptacles of pioric acid, causing a terrific explosion 'in the explosive department of the works. The flames spread with frightful speed to the adjacent buildings, and then over the River Main to Schwanheim. Then a sec ond explosion took place and the fumes and masses of burning chemicals made it impossible to stay in the vicinity. Children Drowned. A number of children, who were hurled by the explosion into the River Main, were drowned before the rescuers could reach them. Several firemen and addi tional doctors and nurses were sent to the scene of the disaster this morning. People Ordered to Leave. At noon there was a fresh outbreak of the flames among the ruins at Griesheim which revived apprehension, and after the explosion of a great benzine reservoir at 1 o'clock this morning, orders were issued that every one in the village of Griesheim and its vicinity must vacate their' prem less forthwith. The inhabitants fled, panic-stricken, with such possessions as they could hastily collect,, most of them coming to Frankfort. Even the "■ firemen, salvagers and soldiers left. . The rail road service Is suspended on account of the danger. During the panic this morning a num ber of women and children were thrown down and trampled under foot. TRAVELERS' PROTECTIVE Convention for Wisconsin Open* at "Waukesha. Waukesha, Wis., April 26.—The - annual ■ state convention of the Travelers' Pro tective association opened to-day at G. A. R. hall and it is expected that 100 dele gates will be here by night. There will be a spirited contest for the presidency at the election to-morrow morning. The leading candidates are said to be Bernard Brachman of ; Milwaukee and M. E. Gibbs of Green Bay. A musicale and banquet are the features this evening. Racine and Milwaukee are J foremost -in i the contest for the next meeting place, j SETTLE WITH PHILLIPS He Is the Only Man Able to Supply the Corn Shorts. Chicago, April Following the example set by big ■ corn shorts yesterday," a number of smaller traders settled with George Phil lips. '-.; Phillips; to whom they had sold their corn at-a" lower price, ' was the only man from whom they could get It. In small lots he sold about 100,000 bushels to-day between 48% c and 48& c. The • market : was less" ex cited to-day and fluctuations were compara tively ' narrow.' i in answer to an inquiry as to his attitude towards the market for May corn Phillips said: ■■ ''I' have not closed*out yet, and l there are: several. million* ,cf ■ May corn f still , com ing to me.'ySßHßnßnMßn^. MAIL AT THE - FARMER'S DOOR Four Hundred Rural Free Delivery Routes. ESTABLISHED JULY 1, '01 Fifteen of Them Will Be Estab- lished in Minnesota. ACTION SOON ON McKENZIE CASE President and the Attorney General May Take Up the ', Matter \"? jf. To-day. Prom. The Journal Bureau, Room 4,5, Poet Building, Wau.ington. ..'.•-'; Washington, April 26.The postoffice department is making preparations for the establishment of 400 rural free de livery routes on July 1, when the appro priation for the next fiscal year becomes available. Fifteen routes from . ten dis tributing points will be established in Minnesota, five in South Dakota, and a large number of routes in Wisconsin and lowa . Before he left congress, Representa tive Spalding filed about- ten '. applications for routes in North Dakota and inspec tions will be made as soon as the weather settles and the roads get in condition to travel over. ACTION SOON Late this afternoon • after the cabinet IN THE meeting is over, At torney-General Knox M'KENZIE says, he is thinking of taking up the PARDON. Alex McKenzie par don case : with the president. If he does this, the president ought to be in a position to act within a day or two. I was mistaken the other day in saying that the San Francisco judges had been heard from. « Information secured at the White House was to the effect that the judges had replied to the president's re quest for recomemndation, and that their reply was in the hands of Secretary Cortelyou. The judges have not been heard from, and the. president thinks their delay-is rather unusual. He .will proba bly act without waiting to hear from them. ' . Later— attorney general did take up the McKenzie case with the president, but Mr. McKinley decided that he would not do anything at present. -He will wait un til the attorney general ' hears from the San Francisco Judges. He to-day turned the papers in the case over to Mr. Knox with directions that as soon as the judges were heard from - he should be informed by wire of their, recommendation. Should replies be received before he starts on his trip, he will act immediately.» Otherwise action will be taken while the government •is on wheels. - ;*iv" Senator Gam b 1 c WIND CAVE and other South Da kotans saw Secre- IN THE "';.:. tary-Hitchcock : to day and urged him to * BLACK HILLS, make some rules by which the famous wind cave In the^Black Hills may be opened :to visitors. - Since ' the litigation over possession ]. was decided- against all applicants, the land under ? which the cave is located has been reserved from,settle ment and - the cave has j been: in charge -of an. agent of the department who has had instructions to .allow no visitors; to enter it. : >Residents of - that ; section-claim that this 'has worked -hardships, as it has de prived them of : the income formerly de rived from visitors. • The secretary . prom ised s that <he ; would t frame. some rules * for allowing inspection yal - the cave under the supervision ;of the custodian. .•""'. "•*. **"• ♦The Sou th Dakotans also talked .with , the secretary about Seth. Bullock of Dead- wood, whom they want appointed for estry agent.s They think" an arrange ment can . be made by which they can place him. They are also after a place as special agent of land office for one of their constituents, but whose name they will not give out. They hope to land him about the first of Jul .y Washington Small Talk. Representative Eddy has secured the pro motion of P. P. Larson of Elbow Lake from $000 to $900 in the census office. Controller of Currency Dawes approved an aplpication to convert the McCook County State bank at Salem, S. D., into the First National bank of Salem, with a capital or $25,000.- Representative McCleary has recoai/uended the establishment of a second rural •Qjfa.e at Maynard, Chippewa county: » a second^, route, at Walnut Grove, Redwood county; a new route .at i»Redwood Fa^lg, .Redwood county, and a second route "at Fairmont, ? Martin county. . . -. * Representative Tawney came here from St. Louis to-day. He called at the war depart ment about the army appointments. Not one of the men whom he . recommended was se lected for appointment, and he was expecting a place for one or two of his men, in the event that any of the men selected fail to pass examination. He also called on Secre tary Hitchcock about a place in the land service' for a man In his district. TALKED WITH PAT CROWE RENTED SCHNEIDERWIND HOUSE Evidence presented To-day in the Cudahy Kidnapping; Case. Omaha, April 26.—At the trial of James Callahan, charged with complicity in the kidnapping of Edward Cudahy, Jr., B. K. Munshaw, who lived near the Melrose hill house, identified a picture of Crowe as that of a man who came to his house about three weeks before the .'_ kidnapping and asked who owned the Schneiderwind house. The \ man came back later and said he had rented the house. Munshaw said he saw Crowe there the day before the kidnapping and talked with him. On the night of the kidnapping the dogs barked late in the evening and he went out by the well and saw a buggy or spring wagon driven past. It drew up to the steps of the Schneiderwind house. He saw what he took to be two men go into the house and he thought they were moving in some of their goods. >/.' '.yy. '■■V»-^-;f. Crowe, Munshaw testified, -was accom panied by a woman when he called the first time. George Wittum identified Callahan as a man who passed his . house the day before the kidnapping between 12 and 1 o'clock. He said he and his wife both watched the man until he passed out of sight. The pony which the kidnapper rode to telephone information to the Cudahy resi dence played its part yesterday in connecting Jamee Callahan with the crime. Daniel Burri3, of North Omaha recognized the little beast now in evidence as one which he had sold to two strangers last October. In one of them he recog nized James Callahan. The other, he said, resembles the photograph of Pat Crowe. The same incriminating pony was shod by Charles Lee, a South Omaha blacksmith, shortly afterwards. Lee says; the man who brought"the' animal to him was Pat Crowe. A further .complicity of interest between Callahan and Crowe was dis closed by Mrs. Anna Weyruth, living across the street from Callahan's boarding-house. She frequently saw him lin company with a man called Johnson. She was positive in her identification of Pat Crowe's 1 pic ture as that of Callahan's unknown guest. PITY ED -flßathbj cuseL : MAY COME~BACK W. V. Illusion. Wanted in Minneapo lis, Arrested in Sioux .Falls. Special to The Journal. . ''•%",- Sioux Falls, S. D., April 26.— police this morning arrested . ,W. V. Dunton, wanted in Minneapolis on a charge of col lecting-money at , Spokane, Wash., in : the name of the Mineapolis - Times _ and not making an accounting. Dunton is here working the sale '• of a book, and it is charged he is sending in large numbers of names of people who did not subscribe. It is supposed he was working on com mission. He is held awaiting instructions from Minneapolis. t " EASIER TO; POINT ONE OUT. ?rt-~--- •- Chicago Tribune. "If iI " mistake not, my; dear," said the high-browed, ; spectacled, . scholarly-looking person, "I; heard you " speak of somebody a- little while ago as a 'slob.' May I ask what' a ! slob Is -'^BBfBmWB&IWt •'"'• ;; "A slob, .Uncle * Hosea, Is— a slob, is—do you" see that - man . sitting over there," chew ing tobacco—the man who"; stepped. on ;my dress and ■' nearly \ tore } It off .me t when t we' were coming ;' into k the » car? Well, he's; a i 20 PAGES-FIVE O'CLOCK. LABOR DIFFICULTIES PRACTICALLY OVER All the Union Carpenters Will Un doubtedly Be Back at Work on Monday Morning. Difficulty Being Adjusted This After noon—Building Trades Coun cil's Break With Woodwork ers the Beginning. The strike situation is clearing rapidly; indeed, the trouble, so far as the Master Builders' association and the men em ployed in the building" trades are con cerned, is really At an end. The Master Builders' association met : early this aft ernoon and appointed a committee to meet with a committee from the carpen ters' union later in the day for a con ference The Master Builders' . commit tee was given general instructions, with po-ver to effect a settlement on the spot. The results of the conference will be re.'erred to the carpenters union, which meets to-night, and it is the general be lief that all differences will, be adjusted then and there. Both sides believe things will resume their normal condition next Monday and that peace will reign for the rest of the year. The Pivotal Action. This happy consummation was brought about by the action of the building trades council last night. The council adopted a resolution requesting the woodworkers' union to withdraw its delegates. This in vitation is tantamount to an order, and in effect entirely eliminates the wood workers and their troubles, leaving the carpenters free to negotiate with the con tractors on matters at issue between them uninfluenced by the union label con tention. There is no disagreement on the score either of hours of work or wages. Only three minor differences are involved the right of the contractor to use non union foremen, the question of the privi lege of the walking delegate to visit the men in working hours, and the number of apprentices to be allowed each. shop. It is believed that these non-essentials can be settled easily. . l> ' Action Was Timely. The action of the council was most timely. Members of the various building trades' were getting very restive ; under the strain. The sentiment was growing stronger every day that it was, not right to drag them into a fight which in prac tical effect concerned only the wood workers, with whom they had no very close interest anyway. They insisted that it was not right to keep them from work and jeopardize their whole season's pros pects - for the sake of holding up the woodworkers' union. The agitation had reached the point where there were pros pects' of one or more unions withdrawing from the council, and there was plainly but one course for the council to take, and this it promptly took. '. !~3 .'i: It was timely action in still another way. The Master Builders' association was prepared to act and act . vigorously on Monday next. Beginning on that day HOW PETTIGREW DID IT Started In on Mexican Central and Finished With Burlington«-$25(M)00 Left After Paying Debts. Special to The Journal. Sioux City, lowa, April 26.—Richard F. Pettigrew of South Dakota, who re tired from the United States senate March 4, worth a good deal less than nothing, is now worth a quarter of a million, with prospects of. making it a million. Petti grew was rated the richest man in South Dakota in 1890. He had operated . in, real estate and railroads. In 1894 he was. a bankrupt; with debts estimated, half a million greater than his assets. He ar ranged to carry his property through,- the trustees hoping to save something. . i:"A' few years ago Mrs. Pettigrew was left $18,000 by a. brother. The senator used this to buy corn during, the Leiter wheat deal, and cleared , $10,000 on the sympathetic rise in corn. On a tip from President Hill of the Great Northern, he bought options on Dakota and Montana lands last year, with his wife's money, NEW DICTATOR Gen. Cailles Has Proclaimed Himself Agum^©' s Successor. Manila, April 26.—1t Is reported that the rebel General Cailles ordered eight Ameri can prisoners to be shot April 21, the same day. on which he condemned to death Col onel Sancio, one of; his staff officers,, and Senor De la Rosa, a wealthy native, who had . refused to contribute to the insur gent . fund. Sancio \ escaped.. The others were tortured \ and then butchered. Cailles, who is now, lurking in the. moun tains of Tayabasv province, Luzon,,, pro claims himself dictator and the successor of ; Aguinaldo, and announces his intention to continue a war.of extermination. . •It is said that Cailles was born In Pondicherry, India, , his , father being a Frenchman and his mother a ! Hindoo. It is also ; asserted i that -he .- formerly regis tered as a French subject. He Is: a typi cal guerrilla leader,> cruel, able, - reckless and unrelenting. . : ■.. Aguinaldo - denounces him, disclaiming responsibility^ for, the previous atrocities of 2 Cailles, and r declares that he never issued; orders "contrary ;to the rules of •war. carpenters and bricklayers from outside the city would have begun pouring . Into Minneapolis from various points and lot a very few days there would have prob ably been men enough on hand to prose cute the work. It Is said that no . less than f-00 men had been engaged and were waiting only telegraph orders before starting for Minneapolis. '.' '•'-. Last Right's Action. The officials of the council explain that they took the aetlon of last night in be half of the business interests of.the city and the general public. The council could order a general strike = and probably win it, they insist, but the cost to all parties concerned and to the public would be too great. There are more vital things at stake, they say, than.the union label contention. The council in the present issue owes a higher duty to the public and the other trades than to the wood workers' union. Nearly ; all the other building^ trades have made satisfactory agreements with their employers for the season, they«ay, and it would not be just to keep them out of work to engage in a contest in which they were only minor factors. .. . ", . ■/,',f-5'P Woodworkers Also Meet. The woodworkers' union met last night but adjourned before the council did and was not officially apprised of the council* action. •' They decided that it was useless to make any further proposals to the manufactur ers, but that they would consider an in vitation to meet once more in conference. The union will meet again Monday even in to determine what shall be Its course of action. The present agreement with the manufacturers expires Tuesday night. Seemingly ■ the woodworkers' union is baffled. After being urged by the build ing trades council to stand their "ground against the manufacturers, and naturally expecting the heartiest kind of support from that ..source, they are now thrown down and left to shift for themselves with nothing more substantial than the good wishes and moral - support of the other trades. .-"■•-". ..,.^r._,t ,•-_' Settled the Woodworkers. One of the larger manufacturers declared this morning that the action of the trades and labor council undoubtedly settled the case for the woodworkers. The strike would be useless under the circumstances. he said. But. there i would be no lack of work for the men who cared to work. Tha wages would be no less than they,now are, and in " some cases more, and the men would get just as fair treatment as they had under the agreements of the p'.sttwa years. There would be no disposition on the part of the manufacturers, he insisted, to "rub it in," and he believed that in tha end they would have no cause to regretl the result. - 'i-• " and borrowed funds, securing control, it la said, of .75,000 acres. The boom in these lands enabled him to unload at big profits early this year, and when . congress ad journed he went to New York with Hill, with $50,000 in his pocket and a series of straight tips on ; coming moves, bought Mexican Central , and cleaned up - a snug sum. . The bulge in Milwaukee & St. Paul came along after Pettigrew had loaded up to tha limit and he closed out at the high point, $100,000 richer. Then he was told to buy! Burlington, which he did, going ;to tha limit. It cleared him' $150,000 more. Ten days ago he returned to his Sioux Falls home. He has paid about > $100,000 of debts, v ralsed mortgages on his best property, and is again looking after hia land leals, in which he expects to make further immense profits • this year. Ho has cleared $250,000 besides paying hia debts. " .yy.yy.y-- ■ ARKANSAS STORM Bridges Washed Away and Telegraph Wires Are Down.; Seligman, Mo., April 26.Great destruc tion is reported from a heavy rain and hailstorm in northern Arkansas. * , Wire connection with Eureka Springs and points east was destroyed, and many railroad bridges were torn away. NOT SERIOUS IN JAPAN Suspended Banks - Said ■to 'Be ' Small Concerns. London, April 26.— London managers of the Yokohama Specie bank and the Hongkong and Shanghai Banking corporation says they do not fear anything serious will-; develop ; from the bank failures In, Japan. They say the. majority of: the ... banks ■ involved ; are very; small concerns, .more. in the nature of money;, lending agencies than, banks^pg&Q^3SQM| '•"■ Some trouble has.been expected for a lonf time, owing ito V the * stringency of ' money f Japan, which' now- costs ) about ■15 *per; cent. 'l t This is said to be due,to, the i present halanct of I trade" being; so " much ? against Japan. Som < s relief is hoped from .the j additional taxation authorized by the new Japanese \ budget.