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The St. Louis Republic. (St. Louis, Mo.) 1888-1919, July 13, 1902, PART I, Image 1

Image and text provided by State Historical Society of Missouri; Columbia, MO

Persistent link: http://chroniclingamerica.loc.gov/lccn/sn84020274/1902-07-13/ed-1/seq-1/

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Scrtion and Magazine.
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ST. LOUIS. MO.. SUNDAY. JULY 13, 3902.
BACKED BY MEN WORTH $130,000,000.,
Of the Twenty Million Bushels Bought for July Delivery, Only Four Million Have Been Produced and the'
Bears Are Frantically Trying to Break the Pool by an EtTort to Have the Board of Trade Fix
a "Marginal Price" Not a Single Speculator Who Has Begged for Private Settlement
Has Been Accommodated and Ruin Stares Them in the Face Unless They Can
.Break the Corner in the Next 1! Days Will Prices Uo to ?1 or Over?
Showers of Stones and Cinders
From the Crater Fall on Sur
rounding Communes.
Insults His Mother. .Curses Court. Spits in Faces of Servants, Goes
Through the Palace Unclothed and Goes Slumming at Xight,
Returning Intoxicated With Coarse Companions Outrageous
Conduct Has Offended His Subjects and Boy Sovereign
Is Completely Estranged From the Queen Mother.
Blight Has Attacked Potato .Crop
and Many Fields Are Al
ready Kuiued.
I PART 1. f
Madrid. July li The eccentric behavior
of Alfonso XIII Is causing. In the royal
household, considerable anxiety for the fu
ture of the young King. After angering
the military authorities end antagonizing
hts Ministers, ho Is now on .trained terms
with the Queen mother, whom he has re
peatedly Insulted, and has estransed the
sympathy of tho family of his court by
the fondness he has developed for low as
sociate; The household has made desperate efforts
to conceal there facts, but a rortlon of the
truth hds nevertheless leaked out in so
cial circles here.
The Kinc's attitude toward the Queen
mother is the most severely criticised part
of his conduct for he seems to have lost
all sense of the respect due to her. and
when in any way crossed by her he curses
her in coarse language, even though ser
vants and others may be present.
The King will have it clearly understood
that his wonl i supreme, and on the most
trifling opposition to his whims he becomes
abusive. He has spat in the facea of ser
vants who have neglected his orders, and
where he does not dare subject his vic
tims to this indignity he gives vent to his
feelings by employing all the terms that
Spanish profanity can command.
The most recent of these scenes very
nearly resulted in an open rupture between
the King and the Queen mother.
One evening shortly after dinner, the
King, disguised, slipped uway from the
palace and proceeded alone to the slum
Quarters of Madrid, where he attended a
workingmen's ball. He passed the night
dancing, drinking and playing and returned
to tho palace at dawn half intoxicated.
The Queen motnrr. acquainted of his
mysterious disappearance from the palace,
had spent the night in agony, fancying
him the victim of a plot. When she heard
the cause of his absence she felt compelled
to remonstrate against conduct so unworthy
of a King, and risks so ruthlessly taken
with a life on which the present Spanish
dynasty depends.
She accordingly approached him and rep
resented to him that he was not only com
promising his reputation, but endangering
his crown.
The King. losing his temper, tcld her to
mind her own business and respect his au
thority like" the rect of his subjects.
The Queen replied that in-the eyes of God
the son owed submission to his mother. The
King, flying into a violent passion, show
ered upon his mother1 all the oaths acquired
from his low-came associates, and Anally
ordered her out of the royal palace.
The Queen remaining impassive, the King
cried violently:
"I shall call my guards to throw you In
to the streets of Madrid."
He was running to give the order when
his confessor, to whom the scene in prog
ress had been reported by a terrified ser
vant, came hurriedly in and, closing the
doors, remained with the royal couple until
he succeeded In restoring outward peace.
The Queen mother has since then de
clined to see the King save In public and
has passed most cf her time In prayer. It
is said that she thought of retlrng from,
the court, but that the King's advisers
have persuaded her to remain for the
present, at least.
Serious as the consequences of these
events have been in the palace, and in
the Government, the public which Is as
yet very Imperfectly Informed of the King's
eccentricities. Is impressed rather favor
ably than otherwise. His refusal to sign
Pictures Will Show Sew Yorkers
the Bacteria They Breathe
in Certain Localities.
New York. July 12 New terrors will be
added to life In the Interest of health If the
experiment on which John McGaw Wood
bury, Commissioner of Street Cleaning, is
engaged, proves successful. Persons have
grown so accustomed to the idea of the om
nipresent microbe that those who like such
beverases have returned without fear to
the drinking of consumptive milk and an
imated water.
Men have become callous to the pictures
of the germs which Infest everything, but
hitherto the ordinary person has been con
tent to breathe without taking much
thought of what he is breathing, as long
as it bears a moderate resemblance to com
mon air.
Commissioner Woodbury, however, has
conceived the Idea, cf photographing the at
mosphere which circulates In the streets of
New York, and showing each man who
care3 to inquire, the number, size, shape,
manners and customs of the Infinitesimal
creatures which infest the air of the partic
ular locality in which he lives or works.
The project, if carried out to a full meas
ure of success, seems likely to have serious
results, since hundreds of nervous persons
literally wiU to afraid to breathe when
once they have seen what it Is they are
breathing, and enlarged 7,000 times, as Is tho
intention of those Interested In tho experi
ment. But. from the viewpoint of science and
health, the experiment hardly can fall to
have valuibla results. By means of the
photographs, it is hoped the department
will be able to analyze, and ultimately to
regulate, tho condition of the -atmosphere
Just as thoroughly and beneficially as Is
done at present with the water supply.
The exact conditions prevailing in differ
ent parts of the city wiU be known to a.
nicety, and where unhealthy symptoms are
revealed In any neighborhood may be pos
sible to counteract their influence before
they make themselves unduly apparent In
the ill health of the residents.
The work Involved In the "experiment Is
long and tedious.
Cholera Jtnvajrea Chinese Towns.
Canton, China. July 12. Cholera la raging
In all towns along the Kwelten River, in
Kwansi. Three thousand have died in Plng
iok and more than 10,000 In Kwelang.
fca AJwi.fe'A---i. t--4- vrilSu 2yla-
From his latest photograph.
certain decrees and the continual oppo
sition he raises against ministerial pro
jects have given rise to the hope that the
power is held by a man resolute enough
to end the evils engendered by the unflrra
rule of a woman swaying between political
antagonism and religious pressure.
His utter disregard for military prece
dents, as calling at the barracks early one
morning and ordering the Madrid garrison
to turn out for impromptu review, has been
much relished by the populace as an act
of independence amounting to bearding the
military authorities, while his personal in
vestigation of the explosion in the out
skirts of Madrid at 7 o'clock in the morn
ing was Interpreted as a sign of praisewor
thy Initiative.
But those within the palace, who knew
the rest of the story, consider the young
King's conduct not so much the result of
enterprise as the freaks of a young and
hereditarily weak mind, deranged by the
sudden acquisition of power.
The principle on which the Queen Regent
reared him. allowing him to have, no ap
preciation of the responsibility and no en
joyment of external authority, made him
rise In a day from the household tyrant
he has always been to the kingly tyrant he
seems to aspire to be.
Incidents of his earlier life, showing his
obstinacy and his unreasonableness, and
which at the time ' were laughed at as
childish follies, are now remembered as
having positively had a deeper significance.
The young King has passed Into tradition
as the most unmanageable pupil professors
have ever bad to deal with, and stories of
his general eccentricities have been current
since his babyhood.
His entourage entertains fears that his
mind is really deranged and has long been
so. althouch Its manifestations have not
hitherto been rightly interperted.
It is notorious that not long before the
coronation he came down from his apart
ments stark naked one morning, declaring
clothing to ire superfluous, and paraded the
palace in that condition for half a day,
defying any one to touch him.
Cables His Sew York Representa
tive Asking if His Balloon
Men Seed Aurtlmig.
New York, July li George Francis Kerr
of Xo. 74 Broadway, who Is the Xew York
Mpresentatlve of 31. Santoi-Duraont. to
day received a cable from the aeronaut. In
Peris, announcing that he will sal! for
America on the 17th. The mewage reads:
"Am sailing 17th. Do my men want any
thing from here? Cable Santos, Rltz Hotel.
The query in the cablegram as to whether
Ws men want anything from. Paris refers to
his five assistants, who have been at wonc
at Brighton Beach for the past two weeks
preparing airship Xo. 6 for the flying ex
lrlmcnts which 31. Santos will conduct on
his arrival.
By the time the aeronaut arrives at Xew
York practically everything will be ready
for him. and there will be little delay until
the first flight Is made
Tien-Tsin to Be Restored to tho
Pekin. July 12. The foreign Ministers nt
a meeting to-day signed the conditions for
the restoration cf TIcn-TsIn to the Chinese
The franchises granted by the provisional
or military Government of Tlen-Tsln were
not approved.
The distance within which Chinese troops
may approach the city was reduced from
thirty kilometers to eight, except In the
cases of the Viceroy's body guard and the
commanders themselves.
It also provides for the complete demoli
tion of the forts with the money now on
hand in case this work shall not have been
completed at the date of the restoration of
the city to the Chinese. This date Is fixed
at & month after the Chinese accept the
Southampton. July 12. Sir Thomas
Lititon, who was present here to-day
at the reception to General Kitchener.,
declared his intention of competing
tor tne America's Cup In 1S03.
President White of Kildare Agri
cultural College Describes Con
ditions Which Threaten
Island's Prosperity.
Xew York. July 11-Charles Henry White,
president of the Kildare Agricultural Col
lege of Lelnster. Ireland, was a passenger
on the White Star steamship Teutonic
which arrived this week from Liverpool.
President White says that much appre
hension is felt among the farmers In Ire
land Just now because of a severe blight In
the potato crop.
"The situation Is such." he said, "that
practically financial ruin stares hundreds of
farmers In the face Spraylns has been
repeatedly tried to stay the progress of the
disease which has attacked the potatoes,
but with little success. Intermittent rains
have also done great damage to the corn
"The potato Is. of course, one of the most
important agricultural products In Ireland,
and when, therefore, the crop Is affected
the whole country suffers In a business
"The disease first appears on, the stalks;
whole fields of black potatoes have already
been dug In Mayo, In West Kirk, and In
"Many of the leading farmers have ex
pressed the opinion that if the dlseaso Is
not prevented from spreading further it will
mean a recurrence of the famine of IS46.
when the entire potato crop of Ireland was
completely destroyed. I do not take such
a pessimistic view as that, however. If
more favorable weather conditions would
prevail a good part at least of the potato
crop will be saved."
President White has come here to visit
the Government's agricultural experiment
stations throughout the country and Inci
dentally to make a pracUcal study of the
different grades of soil and their product
iveness. He will visit the agricultural sta
tions at Washington first and wUl be the
guest there of Secretary Wilson for the
next two weeks.
Clarence Barnes Still Refuses to
Make a Statement.
3IexIco. Mo., July 12. The funeral serv
ices o-er the remains of Representative
P.hodes Clay, shot by Clarence A. Barnes,
were held at 10 o'clock this morning by
the Reverend James Xoble. rector of the
Episcopal Church at Jefferson City. The
service was largely attended.
W. W. Fry. State Senator 31. R, Blgga,
John Abbay. Tony Buckner. James Canada.
Editor J. K. Pool. Andy Wlnscott. M. D.
Guthrie, E. S. Wilson. S. B. Cook and
John Lane were pallbearers.
The Coroner's Inquest over the remains
was resumed this afternoon. The public
Is awaiting the outcome of the investiga
tion to ascertain who shot first and who
was the aggressor.
riarenee Barnes, the other party to the
tragedy, is still at his home, suffering with
his wounds. He will recover. He refuses
to make a statement.
On account of the dangerous Illness of a
brother of one of the Jurors the inquest on
the body of Representative Clay was ad
journed until Monday morning at fc30
o'clock, when the remainder of the wit
nesses will be examined.
Attorney for Oklahoma May Be
Sued for Taxes Collected."
Pawnee. Ok.. July 12. The Pawnee Coun
ty Grand Jury has presented to the Fed
eral Court a report which makes direct
charges against Horatio Speed, United
States Attorney for Oklahoma. In connec
tion with thr collection of certain taxes
in the Osage ReservaUon.
Speed was employed by the County Com
missioners to collect these taxes In 1SS9 and
The Grand Jury alleges that Speed se
cured thl. contract by means of a con
spiracy to defraud the county, and recom
mends that suit be immediately Instituted
against Speed to collect the JS.7S3 for this
State Department Notified
South American Unrest.
Washington. July 12. Secretary of the
Xavy 3loody lo-day cabled orders to Com
mander Rogers of the gunboat Marietta,
, now at Caae Haytlen. directing that vessel
to proceed to Biueflelds and Greytown, Nic
aragua, and report the situation at those
points by cable: then to &ail for Colon, on
the Isthmus of Panama, to relieve the gun
beat Macules. Orders also were cabled to
Commander 3IcCrea of the. Machlas, direct
ing him to proceed to Cape Haytlen when
relieved by the Marietta.
The dispatch of the Marietta to Xleara
gua Is a result of reports to the State
Department which indicate a state of un
rest at the points named, and the officials
deemed It desirable that the gunboat should
stop at the two towns on her voyage to the
Isthmus and look Into the situation.
Was Author of "The Wooing o
It' and "Her Dearest Foe."
London. July 12. Mrs. Annie Alexander
whose "The Wooing o' It" anJ "Her Dear
est Foe." "The Admiral's Ward" and nu
merous other works made her belovnl of
the whole English-speaking world. Is dead
here, aed 77 years. She was born In Dublin,
and from her girlhood had literary lenlnjs,
but tried several years before- she won pub
lic favor. She was one of the most srollfic
of novelists.
Hundred Thousand Orangemen
Participate in Celebration.
Belfast. Ireland. July 12. A hundred thou
sand Orangemen participated to-day In
their annual celebration. The entire police
force was on duty, and the military were
confined to their barracks. But the pro
ceedings, up to the time this dispatch was
filed, were peaceful.
Outbreak Occurs at La Soufriere,
Island of. St. Vincent, While
They Are Making Observa
tions on Mountain.
Parte. July 12, The Colonial MinUtry has
Issued the following:
"A fresh eruption of Mont Peleo. Martin
ique, occurred during the morning of July
11. It was quite as violent as the one of the
previous day. and was marked by loud de
tonations, followed by showers of stones
and cinders, which fell on the communes of
Bassepointe. 3Iome Rouge ami Fonds SL
Denis. The population remained calm.
There was no loss of life.
"The scientific mission, which left Guad
eloupe on receipt of the news of the frceh
erupUon. has arrived at Fort de France."
La Sonfrlrre Agntn Active.
Kingston. St. Vincent, Thursday. July 10.
The English Scientific Commission, headed
by Doctors Anderson and Fleett. who. after
Investigating the various phenomena con
nected with the eruption of the Soufriere
volcano here, departed July 4 for England
by way of other West Indian ports, noticed
that the crater was seemingly quiet.
Last night, however, three distinct de
tonations were heard here and at Barba
does. and an Immense cloud of steam Issued
from the Soufriere This phenomenon was
preceded by earthquakes for the last three
days, which were felt all over the colony.
The Commissioners had a narrow escape
during one of their visits to the crater.
They passed over a lava b?d on the morn
ing of June 11. In fair weather and ascended
the mountain.
Hemmed In by River of Mod.
On the return Journey, made during half
a gale of wind and a downfall of rain. Jet9
of steam and mud Issued all around them
from fissures In the mountain.
Walking on a ridge they saw on either
side, to a depth of a thousand feet. mases
of boiling mud. throwing up Jets to a
height of S and 40) feet.
On reaching the base of the mountain the
scientists found themselves in an awful
predicament. What was three hours pre
viously a dry ravine, over which they
walked, was then a stream of hot mud, run
ning with tremendous force.
Ic order to cross this stream they con
structed a bridge only a few Inches wide,
laid from bank to bank, across the nar
rowest parts of the stream, and eventually
got over In safety. .
Since the eruption after every shower of
lava, the beds to wlnSward and leeward of
the volcano district eject mud and stfam.
sometimes hundreds of feet high, and dust
sometimes falls heavily.
Earthquake In Felt In "Venrxneln.
Caracas, Venezuela. July 12 At 1 o'clock
this morning a violent shock of earth
quake was experienced In Caracas. Re
ports from the Interior of the country say
the shock was felt there also. Slight dam
age was done at Guarenas. Guatlre, Valen
cia and La Gualra.
Council IllnfTa Woninn I "nil. to Ilrlnln
Hrrohrr llrni'i Mind Jlny Hitvr
Iirrn Affected.
Council Bluffs. la.. July 12 After a llf--and-death
struggle with his wife for pos
session of a plrtol early to-day. Dixon
Denny, who until a mcntli ago was Captain
of police in this city, shot himself through
the heart.
Mrs. Denny narrouly escaped being shot
In the struggle. She awoke to find her hus
band moving about the room and asked
him what he was doing. He replied that
he wanted his revolver to shoot an enemy.
3Irs. Denny, realizing something was
wrong, secured the pistol from a dresser
and the struggle and shooting followed.
Denny Is thought to have been temjiorarlly
demented over business matters.
Christian Endeavor Union Ready
to Adjourn at Quiucy.
Qulncy. 111.. July 12-The business ses
sions or the State Convention of the Chrl.
tlan Endeavor Union wrre completed to-lay
with the election of ofllcers. To-night the
delegates are taking a moonlight trip on
the Mississippi. To-morrow evening there
will be meetings in three churches to close
the work. Springfield was the only city
to ask for the convention for ISO, and will
get It The officers elected:
11vMit. I! II. Marcn-.n. La ftranjr: vice
j.rrUfnt. the ltcicrcnj F W. Uun.ham. CSkaco;
grnrral Mcnrtarr. JUry A. Crane, Chlcssu; ta
tlstlc.il srcrrtaiy. Nkhvlu L JotiRMn. Bttarla;
treararrr. Waller II. iWnnttt. Qulncy; n-l& trc-n-tary.
teccmmcixit-! Iy the convention that Ihv
KxcciUi? Commlttw till the vacincy; athlltor and
historian. TiMmas Walnwrlght. Chicago.
Hoard f Dirrcton. terms to esplrr in 1M:
A. K. MacDoniH. CUrao: Wclta llurlliot. Quln
rv: the It'iercn-! J. E. l.ynn. Sp-tiiKS!d: tb
ltcvwen.1 Mr. CluiJn. frtana; Judge W. S.
Dewry. dim; O. S Stowcll. Alton. To expire la
1I: Charts a. Strathman. lVoria: the Itivcr
nd W. E. Sticker. AtMon. W. It Oparlr. Chl
aso; C C. Harpr. Peoria, to till ut time cf R.
Lwtfr Thayer. ho has removed from the Slate.
PaitorJ Advlorr Hoard Baptlrt. th Reverend
K. A. Ince. Qulncy: Christian, the Kcverrnd a.
D. LawTMJcr. Urbana; Church ef ChrUt. the
It.rrrn.l II. H. IVtcrs. Wanhlostnn; Church of
Uod. the Ilcverrn.1 J. t. ltichmon.1. Mount Car
lo!: Cbaxrratlofial. the Iterrr3d V. It AM
rlch. Aurora: CUmbrlanJ Prnbytfrian. A. G.
Benrcn. Chicaro; rrln4. the R.tcmvl W. A.
MatctKtt. Chicago: Luthrran. the Itcv.rml li
1 SrtwIr. Qulncy: Mctholltt I'rotwtfnt. th
ltcercnd llr. KIchanK Ohln: PrcsbrtTian. t!
llevtrmd George William Wright. Chicago; I
formfJ EpOropal. Hliv Samu.I Fallow. Chi
cago: Seventh Dav llaptUt the Hvrrn.l M. It.
Kcllcy. Chicago: United Evangelical, the Kcr
cmid C a. Unang.t. Chicago; IUformeJ. tie
Kcvrrcn.1 D. It. Rovr M-nan.
Horace Lnne, 15 Yenra Old, Weighed
Found Lnrge Enough.
Paducah. Ky.. July 12. Horace Lane, the
largest boy of his age In Kentucky. If not
In the United States, died at his home in
Ballard County to-day-He
was 15 years old. weighed ZZa pounds
and stood 6 feet talL
Xo coffin could be found large enough
and a carpenter bad to make one.
Provides for Keeping Exposition
Closed on Sundays.
Washington. July 12. The contract made
by the Louisiana Purchase Exposition Com
mission to keep the Fair closed on Sunday,
in compliance with the act creating the
commission, was received at the Treasury
Department to-day. It was signed by fifty
four Commissioners.
Joliu AV. (Jatt's ami Ms allies, Messrs. Larulicrt and Ehvood; Daniel G. Keiri, a tinplate millionaire: "V. 15. Leeds,
his old associate, now president of the Kock Island Railroad; the two Moore brothers, who control that road, and C.
II. Silencer, a traction magnate of St. Locis, are among the men in the pool. So Is former Governor Francis M. Drake
of Iowa, the richest man In his State.
AYith them as advisors are also the Cndabys, who have had wide experience in grain deals, and John Dunce, ona
of the richest of the gralu speculators of Chicago.
Kut the center of the pool Is in the steel men and their financial allies, and of the 20.000,000 ImsheN they hold
a good half is the property of Daniel G. Keld. alleged organizer and director or this greatest corn deal ever kuown.
These men are together worth proliably $1.10.000,000. '
Their own cash on hand will enable them to pay for every Im-hel of grain they have bought. They are finan
cially Impregnable. Every one of them Is a Western man by origin, however much of a New Yorker he calls himself
The commission llrm of Harris, Gates & Co. Is handling the business, and of that firm Charles (i. Gates. sn of
John W. Gates, Is a member. For that reason men have called the deal the "Gates comer," but probably John AV.
Gates Is a minor factor.
Chicago. July 12. Corn Is worth more
than whe.iL For ten days It has main
tained a price so hlght It sets all Hoard
of Trade ideas topsj'-turvy. In years such
a relation has only twice occurred and at
no other time did it last longer than a
few minutes. The sltuaUon Is one of the
wonders of the modern commercial world.
And the reason for it is even more strik
ing than the fact. For corn has been
rushed to its high price by means of the
manipulation of the strongest and richest
ring of tcu!ators who ever Joined hands
to bull markets ami drive bears to de
struction. It is a purely speculative deal, a straight
away buttle between a set of men who have
deliberately cornered the market, on one
side, and on the other the elevator men and
grain dealers who systematically hedge
their holdings by selling short, with an ad
ciuon. a lew speculators wno picked iu
wrong side. Never before have operations
been carried on with such complete securi
ty and confidence.
Compared with the. present deal, that of
Josepn Letter In wheat was retail trade.
Compared with the tinances of the pres
ent bull pool thoe of the deposed "Corn
King" Phillips of last year were as pin
money to bank accounts.
Twenty million bushels of corn have been
bought by the ring for delivery to It during,
the ttresent month, and In the first tea
days of the month only 4.000.000 bushels
of the amount had been turned over, al-;
though the shorts are straining every point
to get corn, corn, corn, and save them
selves from ruin.
Fifteen more business days remain In
the month, and during that time 1S.009.0CO
bushels of corn of contract grade must be
brought to Chicago and delivered or else
the penalty must be paid.
In the last forty days the men of the pool
have been relentlessly, persistently forcing
up the price of corn. They have sent It up 5
cents In forty days. They have made prices
Jump so that even hardened operators call
It "a wicked deal."
Here are the figures of the top prlcss
touched on the swells of the movement:
Dat. Price per bushel.
June : MC
June 3 Wi
July 1 "Sc
July S SOc
July 12. In between Jumps S6c
And what the price will be Monday and
the next day and the next till the end of
the month none but the m-nlpulators can
even guess. It may be tt. It may be JLM;
In a pinch It may be more. AVho knows?
shouts aitu figiitixo
uksim:hately fok life.
The shorts are Indeed fighting desperate
ly. They are ransacking the AVest for corn.'
They are breathing Impotent threats of
court proceedings against the bulls, though
tfcey are unable to find any possible pro
cedure that will really help.
They hive even started a petition calling
upon the directors of the Hoard cf Trade
to fix a "marginal price" for corn, some
thing that has never been done In twenty
years, and Tuesday that petition will be
presented to the board. x
AH thtse things, however. jPnly serve to
make plainer the strength of the bulls.
The extreme measure which would ruin
a weal: pcol only serves as a trifling an
noyance to these powerful masters of the
corn pit.
It Is cold comfort to the bears to know
that not a single one of their number who
lias gone to the bulls thus far to effect a
private settlement has been accommodated.
If you want to settle, go out on the floor
nnd buy back your corn, where you sold
it. It Is the answer they get to their ap
peal. The-e are open questions beyond
thl. but they concern the possibility of a
further pool In September corn, and not the
July deal.
Thre are many people who want to
know whether the pool will be long or
short of September corn. Cudahy has been
selling, and Armour has been buying Sep
tember by the million of bushels. Are both
of these firms In league with the pool,
helping It by "in-and-out" trading, or Is
this to he a liattle royal between Armour
and the pool next month?
This Is the roost important of the ques
tions of the future.
The whole situation, with the certainty
of tortures for the bears this month, and
the possibility of unknown tortures being
Inflicted In future months, has been
brought about by an Invasion of the grain
markets br some of the kings of the specu
lative financial world.
A few of the professional grain men are
In the pool but they are lu the minority. .
So fecret have the manipulators of the
pool been that even the employes of Harris
Gates & Co. In this city, and some of the
men closest to them have not known what
was to happen and have been on the wrong
side of the market more than once. Rumor
Is that John A. Drake of Wyeth fame, son
of Francis M. Drake, has himself lost
heavily In the market. In which his father
is one of the men In controL
There Is a story about the origin cf the
great deal which points to Daniel G. Reld
as the man who Is probably the master
spirit In the direction of the corner, as well
as the owner of at least 10,000.000 of the
33.000.000 bushels held by the pooL
A bank messenger twenty years ago: in J
time a panic prcsiueni; men an omaai oi
the old American TInplate Company, presi
dent of the gleat tlnplate combination un
der the same name, and finally an Intimate
of the iloorcs and a director and member
-- -cvx.-
Dulls. Bank Account.
Daniel G. Reld .". $ 13.000.000
John AV. Gates 20.0iMQ0
AV. H. and J. H. iloore XOW.00O
AVIlltam B. Leeds lVKO
Michael and John Cudahy.. 13.000.000
Isaac L. Elwood lO.OCUO.)
Francis M. Drake.. S-OiPOOO
Corwln H. Spencer S.eetf.OM
John Dupee 4,90.).(O0
John Lambert l.wO.aO
Total wealth $130.0O9,0M
July line held by the pool. 3.0CO.00O
Cash corn likely to be delivered,
10.0G0.CK.O bushels.
Probable aggregate of shorts, 19,000.
000 bushels.
Average cost per bushel, C cents.
Closing price yesterday, 86 cents.
Highest price for corn. 90 cents.
Estimated paper profits to date,
of the Executive Committee of the United
States Steel Corporation that is Mr. ReU's
history. Incidentally he has accumulated
about 113,000,000 and keeps on accumulating
Daniel G. Reld, with fcl3 bank accounts
bulging with money that he did not know
how to Invest, strolled one day last fall Into
the New York ofilce of Schwartz, Dupee Jc
Co, then one it the largest grain, commis
sion houses -in the country, but now out ofi
In the gayest of spirits he called an order
clerk and remarked: "Buy me 3.0CO.O0O
bushels of com."
The clerk knew Mr. Reld. knew his wealth
and his boldness, but even at that the or
der was too much for him.
"Beg pardon." sir." said the clerk. "Did
you mean 3.000.000 bushels?"
Mr. Reld threw his leg across the arm of
his chair and replied: "Three million was
what I said. Just trot the order along."
The private wire? began to hum. and
Charley White, on the Chicago Board of
Trade, was soon buying the corn. He got
It all. which was what Mr. Reld wanted.
but he got It at the very top of the market
for the month, which was what Mr.
Reld not only did not want, but did not ex
It was with a different aspect that Mr.
Reid viewed his holdings of corn when the
market had fallen a dozen points. He could
have built a dozen libraries of the Carnegie
kind with the money he paid out on settling
day. His other dabbllr.gs In corn, before
and after the big S.W.OOO bushels deal.
were enough to leave htm at the close of
last year X730.CU) out of pockeL
Mr. Reld was of AVall street, and he hod
the AVall street with him. He had not lost
enough money to Interfere with the quality
of his dinners, but he had lost enoush. to
spoil his appetite, and the only u
knew to restore that appetite was to get
the money back right out of the market
In which he had lost It. That Is how the
Jub" corner In grain got Its birth.
AVhen Mr. RId ended his December corn
dal he started out to speculate in May
corn. Intending to recoup hlmelf there. He
did not go alone, however.
There were the two Moore brothers. th
"Phoenixes of finance." "who had risen from
their disastrous Diamond Match failure of
six years ago to a position in which HO.
OUO.OUu Is a conservative estimate of their
wealth. There was former Governor Drake
of Iowa.
To those men Reld talked corn, and talked
It successfully. Each of them picked up a
line on his own account, and all through
the same commission.
The Schwartz-Dupee house. however. dl
solved about March 1, and its trades were
turned over to the newly organized firm cf
Harris. Gates & Co. Besides the senior
member. J. F. Harris, a brother of the
president of the Burlington Railroad, and
"Charley"' Cates. S. C. Scotten. an old ex
perienced corn man. was a partner In thl
firm. and. In addition, there were four
special partners', each of whom had contrib
uted 130.000 to the capital stock-John W.
Gates. John Dupee, John Lambert and
Isaac L. Ellwood.
The first thing to attract the attention r.f
the new' house was the long line of corn
owned by Mr. Reld and his friends. The
commission men looked into it thoroughly
and decided that May corn was a good
thing, and very quickly Messrs. Gates.
Lambert. Ellwood and Dupee were added
to the llttla group of speculators.
The original group and the new commis
sioners decided to nut their Issues together.
let the deal be handled by a single man
and turn things frcm a mere speculation
to a systematic bull campaign In corn.
It was about this time. too. that the St.
Louis street car man. Mr. Spencer, became
a member of the pool. Whether the Cud
nhy. who had been bulls oil the year, sim
ply brought In their corn Interests or
whether they were approached by the
clique, so as to have the advantage of John
Cudahy's services in helping to manage tha
campaign. Is not known, but any way the
Cudabys Joined.
The May line which these men held
amounted to 20.000,000 bushels, and the indi
cations were good for a lively and spec
tacular time at the clore of the month.
TaUers" were thoroughly disgusted.
They thought the bull campaign had been
dropped, and ,as they bad not made any
money themselves, they thought there was
no money to be made. The market dropped
under the Influence of prices falling oft
about 6 cents an both May and July com,
and the pubUc began to think It was to
have no speculator deal.
But May was not over before the public I
found out the pool had not quit, but had
only dodged while getting a better grip.
Prices for July corn went up to U cents
tafcj. ij-S -gmiyK- .ft-g.jj- rWS
with this ufceovery. and from that time on
the pool was known on the board as the
Harris-Gates deal, though even then tho
Identity of the men behind It was not dt3
closed. "Vy
There Is no Philip D. Armour In sight now;
as there was during the fiercest days of tho
Lelter wheat deal, to scour the country for
the grain, overcoming all natural obstacles
so as to meet the demands of his trades
and save his reputation, even at great cost.
Elevator men are. however, going so far as
to ship corn to Chicago from the Atlantic
coast to cover their trades. In this rush to
' deliver contract corn there are bound to
, come during the remaining days of the
; month many exciting conflicts over grading'.
1 The great day of the dealings thus far
was last Tuesday, when the price went sud
denly bounding up to SO cents. It u.d not
stay at that high place very long, but two
days later was 3 cents lower for a little
while, since when it had been rising.
During all this manipulation the bull pool
was greatly helped by the protracted rainy
weather, which kept down the amount oC
corn delivered to them on the contracts.
A phenomenon which has accompanied
the latest days of the pool operations, and
which by many persons has been thought
connected with it. Is the movement of many
millions of currency from New York to the
Chicago banks.
Such a movement Is cretaln to come in.
August or September each year, when the
crops must be moved, but this year It is
earlier. It has probably nothinc at all to
do with the corner.
It is figured that by bcrrowlnjr on tha.
corn, which Is the best kind of security, at
40 cents a bushel, the syndicate would have
to put In only S cents a bushel of Its ova
to make oaymentf. and. therefore. It could i
finance the entire 3J.0CO.00O bushels. If by I
any chance so much should be delrveredV
with JS.0CO.O00 of lti own money and tha&l
is a mere bagatelle for the men in the deal. J
The future of the July com corner is j
just what the conditions and the coot I
leaders wUI make it. and that is about o
near to a prediction as anybody can coma.
But the deal will not be over with thlii
month. '
The bulls will have to market all tisj
grain delivered to them. Of their X.008J
bushels thus far. they have already mar-.
keted at least LO0O.0OD in the East- AVhaC
they get for It will determine in large parti
their profits. Beyond thl3 they are susmj
pected very strongly of havlns taken Sfca
hand In September speculations.
Denver LaAvver Rescued "With lifr
liculty and His One-Time Cap
tor Is Now in Jail. j
attorney of this city, who had been held zf
prisoner by Michael CKeefe. a locomotive."
fireman. In tho bitter's rooms since 13
yesterday afternoon, was rescued to-day by?
Sergeant Lee of the poUce force.
Lee engaged O'Keefe In conversatloaj
from outside the room and at an oppor-
tune moment Sullivan grabbed O'Keefa.
around the waist and held him untU the
ofllcers came Into the room.
In the scuffle O'Keefe fired his revolves
twice, but without effect.
O'Keefe asserted that Sullivan was In
debted to him In the sum of J17.00Q. Ho .
Invited the attorney to his room ana
forcibly held him. threatening, accordlnsvi
to Sullivan's statement, to kill blm unleac1
he lall the money.
Several Ineffectual attempts had bewr.
mude to rescue Sullivan during the nlgh't? 1
O'Keefe. who is an old-time Union Pactfisa
fireman. Is In Jail. ,
Score of Men at Taylorville Organ,
ize Convention.
Taylorville. 111.. July li About twenty
men met here to-day and nominated an In
dependent Labor county ticket, composed ot
the following: T. J. Downey, for County
Clerk: D. T. Michael, for County Judgtj
William Morgan, for County Treasurer: J.
R. Bennlghoff. for Sheriff, and Samuel
Briggs. for County Superintendent ofi
Downey was defeated In the Democraliel
primary for County Clerk and contested
the nomination of Henry J. Burke. ta
nominee, and was unsuccessful before t&o
Contest Board. The nominees ot to-day! 3
convention can get on the ballot enly bx
State Department Arranging foe
Oxford Scholarship.
Springfield. III.. July 12. Governor Yat
received to-day from the United States De
partment of State a request for the view
of the Trustees of the University of Illlnofi
and other prominent educators on the beat
methods of preparation of regulations by;
which qualifications of applicants for rcol
arshlps In Oxford University may ca oh?
talned. The scholarships referred to a-
t-hsse provided for In the win of Ceotfv
John Rhodes.
In response to tha communication Gov
ernor Yates had addressed a letter to
o Air'.
fred Bayllss. State Superintendent of PuJfcb-
uc instruction. aKizj? nim to tain up in
matter and procure the desired suggestion.
notott-ife. t&i. ivTi. I"

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