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ESTABLISHED AUGUST 24, 1852. - WHEELING. W. VA., TUESDAY. FEBRUARY 21, 1893. VOLUME XLI?NUMBER 156. 1 GREAT CM, CA-ielu In tlio Most Dramatio Episode in the History OF THE FINANCIAL OPERATION? la this Country Reached After e Three Days' Fight. - -fiir. nrnniuri nriAi COLLfiKSh Uf iHt KtHUiwii ruuL Diio Disaster Follows the Course of McLeod'a Management. THE TREMENDOUS CATASTROPHE Jirouglit on by Folly ?n(l Ilcck!css< iicks "Whloh Have llud no IJqua biitco iho Attempted Coup of Napo loon Ives?Xlio Purchase of th< New Kngland System the Direct Chumo?The Heading ISoad In tlu Hands of Kccolvers?A Punic on the Now York Stock liJxchunge?Sensa tionul Scenes Enacted ? A. liif> Slump in Heading and Nortlieri lViuJJlo in a I'evv .Minnies? Insidt llihtory Regarding the Groat Coal [Combine Vet to be Told U'hich Waj be Sensational. nw York, Feb. 20.?The throe days buttlo between masked foos in the Read I inn territory oponod on the stock ox elian^o this morning whonthoshiughtei o( Friday and Saturday was continued, and Reading dofondors woro routed hone, foot and dragoons. Thero was very littlo of tho chaffing and bandinago often preaont beforo the opening. All fult that to-day waa 11c timo for joking and that serious bust nosd waa on hand. Xhoenormoua shrinkage in Reading securities, coupled with the unparalleled selling of the stock, brought about a panicky feeling. Tho raomont tho exchange openec hnge blocks of Heading were throwi on the market and inside of twelve mill uteH tho price waa hammerod down 0] point a, making a total decline uince thi downward movement of lti? pointa. Or the floor pandemonium reigned Around tho Heading poat there wan i wild, struggling mass of panic-strickcr humanity. lirokora jumped, roared, vnllod, gesticulated. Tho roar arisiuf i'rom the babel of thousands of voice! extended beyond the walls of tho build ing and caused passers by to stop it amaaeinont. The opening quotation for Reading was !J?. Hatlier that waa tho first re corded quotation,for tho howling, crazor crowd ot men dealing iu tho stock inad< it impossible to say what the first wai really made at. For several minute: the tape was given up to Heading quota tioiiB. When not used for Heading, Northern Pacific quotations were senl out It was a panic. Brokers litorallj tumbled over each other in their wile eagerness to unload. Heading wai thrown on tho market in big blocks o from 1,000 to 11,000 shares at a timo ant snatched up by tho bears at panic prices Heading's first, second aud third in come bonds dropped a point a minute Northern Pacific, too, waa aflected am owing to tho charges made by tho invos titrating committeo against Henry Vil lard and the present management drop ped several pointa. Tho excitement in tho stock wai second only to that in Heading and tin nitlilnlfu fnnliniv \uuu 4nut. nu iitrnm# Nrtvi iCngland, tho third bearish of tho liut closed Saturday at 41 J, opened at 40 am broko rapidly to 34 J. . It was mated to-day that Lehigh Val ioy would pan its dividend. It is due in April. This would bo tho lirat tltni iu in History. The tension or tho market as tho da] a (Ivan cod was tcrrific. Tho strain wuj too groat for many firms and sborth after noon eomo failures began to bi announced. 'J lie lirst to co by tin board was W. F. Rusioll, of No. 5i Nov street. While tho excitement of thii nown was Htill fresh came tho announce ment of another failuro?that of T. J Delonoy, of No. 74 Broadway. Close or the heels of this name v third?that ol <t. 8. Fleet, of No. CO Broadway. Tlu amount of their liabilities la unknown t>nt is not bollovod to ho larne. Thi trading In Reading ban been nnpru cbdonted. Nearly evorv broker on thi lloor traded in this stock. Tho application for a receiver broujjh in a flood of selling orders, and alter i rally to 32 it dropped to US, a not lo9S o 8j per cent from Saturday evening Sale? of Reading up to - p. m. roachot 000,300 shares. btoiiy 0* THK critsw. Tim appointment of A. A. McLood Chief Justico Edward l'axsou, and E. I Wilbur rocolvors for tho Reading rail road company, was announced thi noon. Later it was Raid that tho ap plication had not boon made but it i believed that it will be. Thin mark the crisis of ono of tho moat drnmati onlsodos in financial history. Much o tho iiinldo history of tho fall of tin Heading management in yet to b told, but tho climax of tlio all'air wa the appointment of the receivers tc day. It is Pi\fo to sav that no ono of thos who have foreseen that disaster mu? follow tho course that Reading manage mont hna pursued since tho formatioi of tho coal combination a yoar airo, ha foreieou any such tremendous catastrc phe uh thut which Wall st,root has wii neMsetl during tho past llireo days. I in sufe to say thai not oven those wh brought about tho catastrophe had a hloa of how tremendous would bo it eflect*. It is felt by Wall itreet mo that if any one could have realised It extent it would have been tho membor of tho luckless Reading pool. It i nrtfod tljoy must havo foreseen thatdli asier wai impending; must have know on What cxtremnly thin Ice thoir ropr< pontativo was sknting, and must hav lenllEcd that, with the available mono of the cotorie spread out on narrot margin* on* tho stocks of throe gro<i tailrond system', a declino of any miu nitude in the price of Heading mui havo been attended by dire results. It wns probably for tills ronson s runs the conclusion ol tho troot?tht they lmvo made such strenuous effort the to keep up the prico of Heading. For ref il is pointed out, only about a month un< ago tho annual roport of the Heading to company waa issued. it was lull of wh ' hope and encouragement for tho stock- 1st holders. It will be remembered that 'J full interest on all the classes of prefer- the enco income shown to have been earned am ' waa paid. President Mel-cod, in the tin ' report, told tho stockholders that tho pa; futuro waa full of promise. That one eqi t mouth alter the issuance of this report to the block of tho company should do- on cliue L'O points and that the appoint- ' mont of receiver* should bo accessary, to floem almost incredible. rof TJUS CAUSES. BJli In searching for tho cautes which ^ ) brought about tho fall of tho Heading 'j company it ia unnecessary to go over pai again tho ground which is familiar to va' everybody. Tho public understands 0,11 * that whon Mr. MeLuod, unsatisfied with t"( ' the results, attained by his coal com- c'01 bino, went into New Kngland and ac- L'01 . quired control of tho Boston ifc Maine, ani . auda large interest in tho Now Kngland tw' company, ho antagonized tho New York, | n0( Now Haven ^ Hartford and tho grout 'J^41 5 canitaliata bohind that company. l'l,( it is genorally believed that tho Now J 1 Ilavon management had looked for tho cro > acquisition ot tho Now Kngland at aomo JVtt j timo and at its own price. Mr. McLood must liavo known this. Thogenoral the public did* llence, tho nowa of Mr. *"? r McLood'a purchaaos of Now Kngland ?r was rocolvod with tho groatost snrpriso. {J? 1 That any man, and particularly a man { " ) no stronger than -Mr. McLood, should *rc I voluntarily antagonize tho Now Uavon a,j( management soomod incomprohonalblo. WJJ Mr. Mcl.ood is reported to have an- w. swored to his friends and allioa, who rc- C01 monstrated with him, in this manner: at0 ( "I will not bo dictated to by Mr. Mor- ?P( Klin. I would rather run a JittJe one vl . horao country road." ^o A concensus of opinion is that from wl{ the day that Mr. McLeod v?mturod into ' New Kngland, thov, tho Heading com- ord , company, under hi* management was [ doomed. Tho exact methods omployed in bring about tho results of the oast three days may lie known in time. mfl They are now only inferred from such am facts that aro at hand. Thero is specu- orfl lation also as to how far tho smash was the result of human eflortB in that J direction and how fur it was moroly tho rai natural result of the folly and reckless- l)C[ ness of management. There are those anl who bolievo it was tho result of both. Dr( trc TUG lMtlljADtiljI'lllA ION I). 'J ^ Tin) lilt; Km Id UuhuHh In the Itouil (iolii}; ^ Into ICecelver*' Hundtf. i I'ii11.adkli'uia, Fob. 20.?The great ? raid on Heading culminated to-day, ' when tliu road nu u^uiu placed in tho n? ' hands of recolvers. A. A. Mcl.uod, , Chief Justice Gdtvard l'axson and E. P. ' Wilber have been appointed receivers. t Tlio board of directors held a mooting 8tn i this morning,and astntoment isexpect- dii ed later in the day. i Tho excitemont at tho oponing of tho to stock exchange this morning was in- it , I tonso, and almost a panic prevailed, to Tho firnt sale of Heading was at 15, a Wo I loss of !!} over tho closing Quotations fi0i > Saturday. Following this drop the tro ' stock steadily declined, and at 10:15 fin i o'clock was quoted at 14. obi The stock* of tho roads allied to tho nn Reading wero also hammorod down. nn ; New England showed a loss of 1J per it I ' cont on tho oponing sale, at 10, while it ho I soon dropped to 84jj. Lehigh Valley i opened at 63, a Ions of 1J percent, and H( ' dropped in just twolvo minutes to 44j. A, I The application for a receivorship for . the Heading company was granted by . Judge Dallas late this afternoon. Tho . ' anplication was mado by ex-Senator lrc 1 Thomas C. 1'latt, of Now York, as a ?? holdor of tho company's third profor- v? - once bonds. Tho receivers app'ointod J1.0' are: A. A. McLood, preaiJoul of tho company j Elisha 1'. Wilbur, of tho Lo- ?n 3 nigh valley division oi tno itosuiug, "w. 3 and Edward M. Paxson, chiof justico of ml f tho supremo court of tlio staio af Ponn- r , sylvania. Justico Pax son has forwarded 1 his resignation as justico of tbo supremo J.n court to Governor Pattison. Tho ro- J}1! - coivora' bond is $500,000. A similar bill ,! > has boon, or will bo, tiled to-morrow .J 3 morning in Now Jorioy. All day thoro woro rumors on tho . 7 fltroets that receivers were to bo ap- J?1 s pointed. Tho ofllcos of tho United f States circuit court woro constantly bo3 siegod by newspaper men and parties ![c 3 interested in Kcading mattors, who . ?' wore eager to obtain the latost news. a About 2:30 o'clock this afternoon . - Attorney John G. Johnson and Lawyer |y' . Thomas Harte, jr., mado their appeari ancn and wore closoted a longtime with MV f Judge Dallas, in chambers. ) The bill in equity says: Tho above {: , named complainant brings his bill of .u a complaint against tho defondants above named, on his own behalf, and on bo- f'1 3 half of all other Itoldors of bonds of a j'01 like character, tendoring to such other 101 t porsons and holdors the right to Intern vono if they should see lit. Jin avers r J f that "on or about tho third of January, J*1 1888, tho 1'hiladelphia & J'oading Kail1 road Company mmio an issuo of third Jr Dreference incomo mortcago bondo to a largo amount, tho amount of said tosuo being now in excei'i of $-5,000,000. I, Tho bonds thus i^ued wore for A ?, $1,000 each. Each of ( ui?l bonds I provide I for the payment to the owner 1 at tho otlice of the company in the city sk 8 of Philadelphia on tho 1st flay of Janu- do i- arv, 1058, of tho sum "f $1,000,000 in ho 9 gold coin of th? United States of Amor- th s ica, of tho thnn present stsndard of ini c weight and flnpnoif, n ItU interest there- fai if on, moanwhilo, pnynblo in gold coin, on 1 o the first day of l'obruary ot each yuar, va o only out of tho not earning! of tho no b railroad company lor its rtucnl year, jo! i- ending oil tho 80th day offcha procodino November, Available for tile purpose, up th 0 to f> per centum per annum, aftor pro- ini it vidlng far tWUlii payments therein sot he forth ami enumerated. wl 1 "The bonds thuy lauuod were socured 1 by a rortuin mortuago boariug da to the th ) third oi January, 1.188, executed and do- wl t- liverod by the Philaiiolnhia and Itead- wl t Ing railroad company and tho PhlladoU pr o pill a nmi K'oitdfng C'oai and Iron Com- CO n tinny to tlio Pennsylvania company for Insurances on lives and granting an- in n nuitiop. bl a ".Said mortirntfo, subjoct to certain s prior oncumbraucos therein recited, th h convoyed all the railroad properties nnd it< i- railroads owned, leaned ami controlled tn n by tho Philadelphia and Uoadltig rail- of s- road company and nil railroads and rail- he e road properties which It might thoro- re v after own, lease and control. v " The complainant is I ho holder of it. t ODD third pfO/erenew income mortgage j> ; bonds, in tore-1 upon which to tho l?l it amount of .',7oD became payabloou tho ni Ut day of February, IH1KJ. Demand was Ci in mndu ltt writing by the complainant for M it a filing of the present bill to puy tiim p( ) said amount. This demand was used by the said railroad company, i it has failed up to the present tioiu pay him any portion ol the amount ich became due and payable ou the Ti of February, 181)3, upou said bonds. L'he complainant had demanded oi I Pennsylvania company for insur;a ou lives and granting annuities m it it shall, because of the default in HI ^inant of the interest, procecd ill lity to foreclose said mortgage and bring about a sale by judicial procosa mortgaged property. I The company has not only refused issue such proceedings, but it is also n?ed to make entry upon the inort[ed premises and to taku possession the same, and to sell, or proceed to I, thu mortgaged premises." l'he property of each of tho comities is of vast extent ami enormous uo, and the two companies together / ploy and require the sorvices of many ' lusand employes. Although the two m 'partition* aro distinct, tho railroad to npany owns all the stock of tho coal jn .1 iron company. mo uiiimieas 01 uie a companies in so intiniiituly ran'tod that tho operations of the rail- c0 1(1 company depend largely upon to iso of tho coal anil iron company. .'ho order of tho court directs anil doos "that Archibald A. JlcLood, Edrd M. l'axton and Kliaha 1*. Wiiber, ?' and are lioro appointed receivers of co I corporations defendants, and of ull Ui i railroads and canals owned, loosed, pit operated by tho Philadelphia and vi luliug Hailroad Company, and of tho be iladolphla and Koading Coal and so hi Company, and of tho Philadelphia ni 1 Heading fiailroad Company, of at atever kind and description and gc oresoover situated; that tho said rovers uro authorized to run and opote. wl the said railroads and canals, and $3 jrato such other railroads as tho pc ihidelphla and Heading Railroad b! m pany holds undor lease or other- cu W." gr t is further ordered that tho recoiv- all bo authorized end directed to koop up ) mines and other proporty of tho \i iladolphla & Heading Coal and Iron mpany employed and used ill tho nner they have heretofore boon used 1 employed so far as tho said recoivshall deem it to bo for tho best in- 10 nsts of the parties concorneu, "1 'resident MeI.eod, of I ho Hooding fn lroad, donied liimaolf to all nowsna- in r men to-day, hut Into this afternoon to nouueed indirectly that ho would di spare a statement of tho company's ilibles. or t'ho Koading's pay cars, which were ar led back ou Friday before their con- ro its had been distributed, wero not m it out to-day. or M'i.l.'fll) rcYPl.AtttS uc w It Cnmo About?Not Enough Capital W to Work on. of 'nil.adhm'hla, ]ja., Fob. 20.?A re- 8? rlnr saw President McLeod af. his a9 tel this evening and was askod, for a '1' tomont rouardimr the Heading emmn. Horoplied: 'I am very Horry that wo woro drivon cr tho necovsity of a receivership, but f.r ivas tlio only thing to do. I want say that we have coal on hand now * rth more than enough to pay our itiug obligations and there will bo no 10 ublo in carrying on tho company's ancea now. Tho trouble was brought "r jut by tho fact that wo worn doing enormous business on a small capital, d whon this attack was made on us Imrt our credit, so that wo could not 111 rrow money." ? - at )W UliOOUSHKI) WAS AVERTED. rerrlblo Ibuiworo In Kntisns Saved liy ^' tlio Action of Ouo Mnn. roPEKA, Kas., l'ob. 20.?A spccial i? m Topcka, Kas., Bays: Tho real facts to how bloodshed was avoided in j>, msas aro now coming to light, and it pl polops that it was a much closer call t0 in most people aro awaro of, as Gov- \\ tor Lowolling retracted bis signaturo tho poaco measures wltbin twenty a(i nutos after ho had signed them. Jnon hearing of his int6ntions Mr. bbison, of Wyandotto, wont to him u MUU: governor, uo i uuuersianu it you wish to tairo your name from {" s papor?" ['J ['ho govornor anawored that ho had b< nod it undor duress nnd undor mis- nt ton ideas. Doator in said to have been th him und told him that tho Popu- P[ ts would novor forgivo him, and poaily ho would not escape serious bl niblo, so ho docldod to withdraw from P' i nRroomont. _ Pc Mr. Gubbison then said to him: ?' lovernor, if you withhold your signiro from tho paper thoro will be ono oiisand moil Killod within twenty {n nutos and you will bo one of them. ,o house is ready to fight for its rights. will tolerato imprisonment no longer, has boon hard to hold tho mambors 80 ek. Tho sorgeants-at-arms are roady di d well armed, and tho sherill cannot at ntrol liis men on the outsido much fe iger. The light will begin as soon ns so it say so, and it will begin in this cor- h< lor in front of your offlco. Think m mt you aro doing." Governor Lowol- m ig leached out his hand and miid: tii iivo me tho paper. Lot it stand." up lis alono averted war. A UltASTI.Y .IOKE, fj, II it in it ti Skull nml Crowt Honrs Over a ftl Door In tho Knn?tini Cnpltul. I'1 Toi'eka, Kan., Fob. -0.?A human |V uil und cross bones hanging ovor a f': or in tho main corridor of tho Btato . use attracted much attention. On 01 u wall a painted hand pointod to this icriptiou: "This man venturod too ' r up. Oblervo his (ale. Habo7" On the floor beneath was found a !" Ilso llllod with human bones. It is t known who porpotrated the ghastly :' ke. {{ Chaplain lliddlson Is furnishing nil ". e oxcilomont in tho senate, Follow- ? g his strange prayor of lait Saturday ?J i dollvorod the following in his prayor , inn tho senuto met this morning: w "Savo the governor's life, 0 Clod, from 11 o assassin's luiml and hasten the day ion lie shall be a governor against f' loin no rebel dare ralso Ills hand. Wo ' ay Thou wilt Incline tho hearls of our . urts to do (ho justice of Thy will." . Tho time of the senate was consumed tho consideration of appropriation 11 lis. Tlio Populist liouso met nt IIo'clock In e south basement corridor of tho cap- T jl building. A speakers' desk and ombora benches wuro Improvised out rouuli Pino lumber. Tim 1'opullst use will meet tlioru daily until it aehos adjournment. J (lovernor l/nvelling when shown the si 3in 111 to-day's preia dispatches pur- a irliim to roclto the facts as to how iMPilshod was averted In Kansas, do- t< oil the story in toto, and said Mr. fi ibbison would support the denial, r. Cubblson lia l not returned to To- 7 ik.t at noon and could not bo aeou. o GORMAN'S BELIEF iat Only the Border of the Financial Crisis is Reaohed. : NOW REGARDS THE CONDITION lilch Confronts the Country us Serious ami Alumiing?That Is AVhy Ho Objects to Amendments to the Appropriation Itiii?Tit tlio House of Uopresontutlvcu llio Proceedings ire Tunic?Other Washington New*. Wasiiixoto.v, D. 0., Fob, 20.?Senator irman, in some roinarka which lie udo in tho senate to-day in onpoaition appropriations ior public buildings tho sundry civil bill, spoke of tlio rioua and alarming condition which nlronted tho country. Tho houso bill provide {or the publication of tho avonth census was passed. In prosontlng concurrent resolutions the legislature of North Dakota for a nstitutionul amendment to havo lilted Stales senators elected by thu oplo, Dir. llansbrouL'h said thut in uw of tlio fact that the legislature hud on ao long in electing a United States nator, he was heartily in favor of any i\v plan. Tlio sundry civil appropri loll lull wnn tnuon up, ui>iug open lu neral amendments. Mr. Morrill oll'erod an amendment, ulcli was agreed to, appropriating ,000 for tho cost of collecting, transiting and taking caro (at tlio Columan Exposition) of tho display of agriItural colleges, iliustrativo of tlio land ant policy of tho United Statoi. ile to ollered an amendment making an ipropriatioii for a publio building in jrmont. OOIIMAN'S OI1IECTION. Mr. Gorman, of Maryland, said thoro is already eleven millions authorized bo oxpendod for public buildings. 1V0 aro," Mr. Gorman continued, "in jnt of a condition sorious and alarmg, and which had brought senators gather last Sunday to provide against snstor. "I am a firm beliovor that wo have ily touchod tho borders of this trouble, id that tho real trouble is that the venue laws do not produco sufficient onoy to pay tlio oxponsos of tho yov ntnonta* now fixed. And I lieliuvo at beforo July next extraordinary tion will have to bo takon by tho men ho control the financial establishment tho government to meot tho emernoy; or olso Congress will have to rosemblo and meet it by making adolate provision. ThiB body, in opposi>n to tho earnest recommendations of o committed on appropriations, ineased the appropriations lor river* id harbors noar $1,000,000, swelling o bill so that it already amounts to 4,000,000." Nevertheless, Mr. Morrill's amendpnt was agreed to. Mr. Wolcott moved to reduce tho nendment (or topographic surveys om $200,000 to $100,000, and advocated 10 adoption of the amendment giving hat ho called "tho poculiar history of ,e geological survoy." After a long discussion Mr. Wolcott'a nendment ivas rejected. Mr. Quay moved amendments which Bto agreed to: Fixing the limit of st of tho public buildings at Aliolony, Pa., at $035,000; of tho public lildings at San Francisco, Cal., at ,000,0110, and of tho public building at >rtland, Ore., at $1,000,000, and npproiating $5,000 for an additional story the public building at Sheboygan, rlt, Alter an executive session inu ouuuiu Ijourned. HOUSE PilOCEEDISa.l. Filibustering against tho Now York id Now Jersey bridge company bill oved inofl'eetual to-day. It wan lod r Messrs. W. A. Stono and Dalzell, ith of Pennsylvania, but thoy wore iver able to raustor more than sevon on to thoir support, and tho bill was issed practically without opposition. Aftor tho disposition of two privato lis the naval and agricultural approbation bills were called up undor dueinsion of tho rules and passod, and o hotiso adjourned. A BILVHlt 1111,1, Linn With Mr. CarlMo'ii 2'roposotl l-'innnclul rollcy, Washington, 1). 0., Fob. 20.?Koprontativo Livingston, of Goorgin, introiced a bill ou the linos of an underanding reached yosterda.v at a conronoo between Senator C'arlislo and vonteen Democratic membors of tho >uso ropro.ontlng tho vnrlous oloi-nts (excopt tho radical fro.* coinage on) of tho party on tho silvor queson. This is an abstract of tho bill ;rood upon: It is proposed as a substitute for tho ndrew-Cato bill, and provides: "That 10 socrotary of the troasury shall not >art so much of tho allvor bullion at io colnago value thereof, purchased idor tho act entitled an 'act directing le purchase of allvor bullion and tho sue of treasury notes tlyroon and for her purposes,' approved July 14,181)0, may bu necessary, Including tho silver )llars heretofore' coined undor said it, to redeem all tho outstanding treasrv notes issued in payment for silvor illlon so purchased, and shall retain io same in tho treasury to ho mod for lat purnoso only, and ho shall causo io reslduo of tho silvor bullion purmsod undor tho alorosaid act to ho lined at tho rnto of thrco million dolrs nor month Into silvor dollars of tho oiglit of four hundred and twelve and half grains troy of standard silvor. "Tho secretary of tho treasury In dliclod to suspend the purohaio of silvor iilllon under tho snid act of July I I, TO, until the residue of tho silvor ulliun belonging to the Unltod States as I icon coined as required by tho first lotion of this act." CtiKVKLAMI H CAIUNET. hi? Two UfMiiiilnliiK Ofllfles Not Tot I'lllmt. Only Olio Visitor Vi-Hlrnliiv. Lakrwood, N. J., l'ob. 20.?Mr. Clovo-1 iml linn not yet completed his cabinet, ho detections for attornoy general nnd jcrotnry of tlio mvy will probably bo nnouncod within n low days. Tho plant for Mr. Cleveland's journoy ) Washington and tho day of departure 'diii l.akownod are not yet determined. Oolonol MeUluro, of the Philadelphia Vmw, called on Mr. Clovoland this veiling, DECLINED, WITH TUANK9. Governor Mcltinloy Will Not Accupt Ahbiittiincu from UIm Friend*. Columuuu, l"eb. 20.?Governor lieKiuloy returnod to tho city to-day, and as hu connection with tho failuro ol Itobort L. Walker, of Yonngatown, is of a private and purely business nature, he is rather reticent about spooking of tho mutter. However, he assures those holding papor on which he is iudorser Unit every cent will be paid at maturity. The governor lias boon endorsing for Mr, Walker, who has been a life-long friend for several years, and was greatly surprised to tind that his narno was on 11 o104 for over $30,000. lie supposed that Walker had boon gradually talcing earn of thu paper, but III thin lie was deceived. Several of Mr. McKinley'a iriuiids have notified bin] that tbey aro ready to send checks for the amount of his liability, but their offors have been declined. The govornor is by no means a wealthy uiau, and if he is compelled to pay all the paper, bo may liavo very little property loft. A later dispatch says: Governor McKinloy mill remains in Cleveland awaiting developments ill thu Wulkor fuiluro at Yotliigatown, in which be is so heavily involved as indorsor. Tho liability of tho governor now amounts to more than ?!)0,000. Mrs. MeKinloy arrived to-day from New York very much improved in health. hlio joins with the governor in declaring that the notus shall all bo paid if it takes every dollars worth of properly thoy possess. Tho governor's friends account for bis being so hoavily involved by saying that ho supposed many of tho nolos ho indorsed were renewals of others which had boon taken up and that at no tlmo beliovod ho bad loaned his credit for nioro than $20,009. A boat of frionds culiod upon tho governor to-day and tendered him their sympathy. THIS WAIjKKU KAHiL'RTL. It Will Not Sorlouhly AiTuctthe Youngstown Company, Youngstown, 0., Feb. 20.?The failure of Itobert I.. Walker, presidont of the Youngstown Stamping Company, will atl'ect that concern only temporarily. W. C. iiine, secretary of the company, who has been appointed receiver, tvlll, f l ?i 1_. A _f It IS C.\p0CW!W, COIIlJIIOlU Hit JMYUIlLUrv Ul tho stock tintl plant to-morrow, when an order will be asked of the court to nuthorizo him to operate tho plant pending n sottlomont of its affairs. The stockholders have decided to put additional capital in, if nocossary, and tho creditors havo decidod, inetoad of pushing their clnims, to take Block for tho amount. Tho company was Btarted with S50,000, and Juter this was increased to 8100,000. Tho capital stock will bo mado $200,000, which will furnish it amplo working capital to do businoss. Tho Glrard Stovo Works, of which W alkor was also president, will probably bo a total failure. A statement furnished by the receiver, Louis Carl, shows asBcti of $21,000 and liabilities of $80,000. It is probable tho works will Bo under tho bammor. Fortunately Walker was not connoctod with any other enterprises horo that will be in any mannor affocted. Ho is being sevoroly criticised for sccurinir tho indorsomont of Govornor iMcKinley to his papor when ho know he was hopelessly insolvent. Tho liabilities of Wulker will roach $200,000, and the available assets will not pay one-fourth of theiudobtodnoss. No statement has yet boon completed showing the exact figuros. but they will not fall bolow tlio liabilities stated. It is known now that tho liability of Govornor McKinloy on tho Walker paper, as ondorsor, will not fall short of $70.000. A BIG BLIZZARD. Terrllilo Snow Storm and Cold jypiytlinr In till! Metropolis and Oilier Cities of the KmplroStuto. Neiv York, Fob. 20.?Tho storm which had boon brewing all day yestorday broko ovor the city at 15 minutes after 11 o'clock Inst night. For a timo it madn tilings lively for podestrians, who could not see moro than a few foot ahead of thorn through tho snow, which was whirlod along on the wings of the ealo blowing at tho rafp of forty rnilos an hour. It lookod as if the lontr expected blizzard, tho brothor of Now York's visitor of '88 had arrived. In the oarly hours of tho morning tho wind was still blowing a gnlo driving tho snow in blinding shoots beforo it. Tho tmnpornturo foil rapidly, dropping four degrees in nn hour. Disputclies from Elmirn, Poughkoopeio and otlior points in tho stato report a furious blizzard last night and vory cold weather this morning. Tho wind to-day is blowing a gale this morning from tho west at Bandy ilook, and a vory heavy sea is running. Tugs and small craft about tho b~y aro having a hard timo buflotlng the" wind and waves, and roports are beginning to como in of vcsnels in dlstrois at Sandy Hook, City Island and other places along tho slioro. Tho schoonor J. Butlor, of Now York, bound from . Amboy to Sandy Hook, with coal for tho engineers' dopartmont thoro, has sunk alongsldo tho government dock. An unknown bark anchored in tho lowor bay, is dragging hor anchor, and i> likely to go ashoro on tho boach at Handy Hook, A Bteainor, apparently tho Sanfull, with a bargo in tow, is near tho tail ond of Uomor'a Point and tho bargo is aground. Gritnt Know Drlftg. Onion Rapid), Mien., Fob. 20.?The trnln from Muskogon, on tho Muskogon, Grand Kapids and Indian road duo at 0 o'clock last night,arrlvod hero 11 o'clock this morning. Its twenty passengers and crow spout tho night in a snow drift. Tho drifts wero as high nn tho cur window and railroad mon shovolod tlio trnln out by ton this morning. A groat drift, in which two freight train* woro stnllod, also blockod trafllc on tho Grand ltanids and Indiana botwocn Morloy and 8 tan wood last night, but tho tracks aro cloar this morning. No trains aro moving wost of hero on tho Dotrlot, Grind llavon and Milwaukee at nil this morning, but somo snow plows aro busy and tho blockado will doubtlos. bo broken soon. Fromn Solid. v ' Mum, Mlcif,, l'ob. 20.?Maplo river In nomo places lufrorensolldto tlio ground, a thing novor hoard of boforo by tho old trappers and hunters located hero. In (irnnd river, too, the Ice is so thick that 11 repetition of tlio Icogorgonnd flood of lHHi Is loured. Tho danger at the junction of tho two rivori is particularly groat. BEAUREGARD DEAD. The Famous Confederate General Dies In New Orleans, AFTER A LINGERING ILLNESS, Olio of tho Last of tho tho Men who lied tlio War Again*! tho Union Passes Away?Ilia Brilliaut Military Career and Ills Lifo Since tho War. ilia Collection with the Noted Lottery Company?Urlef Story of J1U Life. New Okleans, Fob. L'O.?General Baanregard died at his residenco in this city at 10:30 to-night llo has been soriouily ill for eomo wooks. Poter Guatavus Toutant Beauregard, tho famous Confodorato general, was born on a plantation noar Now (Jrloaui in 1817. lie graduated at the West Point .Military Academy in tho class of 1838, and enterod tho United States artillery service, but was soon transferred to the engineer corps of tho army, llo won the brevets of captain and major in the war with Mexico, und was wounded nt Chepultepec when tho Amoricaan army under Wintiold Scott was forcing an entrance into the City of Mexico, lie remained in the regular army until 1801, whon ho rosigaed his commission ana linked bis tortunes with tho Confederate causo in February, lie was in command of tho Confederates and can/lonln/l tUn ataran ?f li^nvt Ull IV? n+n? nnrl uuurau miu DIUI^U Ul 1. V4? UUIU|IWl| ?U? was aftorwardj activo aa a loader inVirginiaand other border stato*. Ho was mudo brigadier general in tlio Confoderate army February 20,1801, and major gonoral after the battle of Bull's Bun in July 1801. lie took commend of the army of Mississippi under (ion. Albert Sydnoy Johnston, and dirocted the battle of bhiloh in April, 1SU2, after the death of the lamented Johnston. Ho successfully dofondod Charloaton in 1862-0:5, and in May, 1804, ho joined Loo in tho dofonao of Petersburg and Richmond. Aa commander of the forces In tho Carolinas m 1805. he joined them with those of Gonoral Joseph E. Johnaton, and surrendered them to Sherman. At tho close of tho war, with the full rank of general in tho Confederate service, he took up his abode in New Orleans, and for a number of years together with tho woll-known Goneral Jubal A. Early has actod as supervisor of the drawings of tho Louisiana lottery. W11U ROACH IS. Tho New Senator from Dakota u Young Mut) and a Democrat . Bismahck, N. D., Fob. 20.?W. N. Roach, (Corn.) of Grand Forks, who was olectod to succeed Casoy as United States senator from North Dakota today on tho aixty-lirst ballot, was called for and addressed tho joint convention expressing hia thanks for tho genuinely unexpected honor. AV N Unnr.h hnn hnnn n. maiden t. of Dakota for tho past dozon years, coming to Grand Forks county Irom tho Digtrlct of Columbia. I(o waa born in Loudon county, Va., and ia now thirtyfive years of hko. llo lias a family of four children und is now a widower." Ho has stood for bio party as its candidate for governor on two dilleront occasions, being defeatod tbo first time by John Miller and on tho second occasion by A. H. Burke. Ho is a larco wheat prowor, and boins cngacod in this occupation hn was naturally expected to draw farmer votos from tho independent ranks. ITALY'S ItEINAOII. Tho French Sensation Dupltentcd In the Death of Deputy Zerbl. Iioititf Feb. 20.?Deputy Zorbi, whose name has been prominently connected with tho bank scandals, is dead. A committee of tho chambor of doputioa recontly ronortod in fiivor of delivering Doputy Zorbi to tho public prosecutor to bo dealt with in <iie courts on the churgo of having recoivod largo bribes toinduco liiin to support the interosta of llio llanca ltomana in legislation. Zerbi was very much prostrated by the chargo ogninst him and is known to have) boon physically as well its mentally affoctcd by tho prospect of facing a public prosecution. His death nevertheless excites surpriso similar to that caused in Franco by the doath of liaron Reinach. Harhi was accused of having rocoived 400,000 francs within three years from tho JJanca liomana, and Signer Kessa, a luwyor, was put under arrest on the chnrgo of having been an intermediary betwoon Zorbi and the bank. Tho death of Zorbi removes not only ono of tho chic! among the accused, but also deprives tho government of a valuablo eourco of ovidonce. TELEGRAPHIC BRIEFS. In tho Panama investigation Colonol Richard Thompson explained tho auspicious coirospondonco which passed betwoon him and Do Lossopi. The rolerenccB to handling matters "with oxtromo caution" moantthat tho fight on tho Nicaragua canal was discussed In tho secret session of tho sonatu and lrlondi ol tho Panama must act with caution. Btoamililp arrivals?At I.ivorpool, British Prince from Philadelphia', at Mew York, Aarania from Liverpool. Ex-Suprorno Jrnlgo J. 8. Frazor. of Indiana, died at Warsaw last night. Wonthor Knrooaiit rorTo.iluy. For Wo*torn Punnnsrlvnnln nnd Ohio, wnrmor, fair woathor: followed by loenl rikhv* at Inko UUlons durlnir tho iilloriiuon or nielli; win h uliI It I UK to aouthorly. Kor Weil VlrRlnfo, fnlr, warmer; xvln?H ??hlf;Itm to ( flfltarly nil') Routhorly; tbrcatonliiK wathor Tucmlay cvonliiK. TUB TKMPHUTUMI MONDAY, m furnished by O. Hchkep?. drujwM, coruir Market nuil Kourtoonth atruow. 7a.in n | np.m n vi. in 11 7 p. in u 12 to. 17 | Weather clear. . ? II. A O, ftpPi-liil j;?cnr?lon to PltUbur^h on Wnnhlnuton'n birlhday, Fobrnary 22, 1H03. Grand tmrn lo of tho Jr. 0. U. A. M. Tho Hitlliim>ro & Ohio Kailroad will soil oxcurHion iickots at half ratos for nil trniiiH on Wodnosday, Fobrnary 2?'l, from !5ollalre( WlioollnK, (rnlontown, Aft. I'luaiumt nnd intormndlato point*. TIcl.oU will bo good rotnrnin^ by all regular trains Rchodulod to atoi) at tlioir destination until Thursday, February i!J, inclusive.