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DAILY HERALD. —rUBLISHBD— BKVKN DAYS A WKBK. JOSEPH D. LYNCH. JAMBS J. AYKRB. AVERS & LYNCH, - PUBLISHERS. Entered at the postofflce at Los Angeles as second-class matter. I DELIVERED BY CARRIERS At SOc. per Week, or SOc. »er Month. TERMS BY MAIL, INCLUDING FOSTAOB ! Daily Hbbald, one year $8.00 Daily Herald, six months 4.25 Daily Hbbald, three months 2.25 Wbjbkly Hbbald, one year 2.00 Wmbkly Hbbald, six months 1.00 Wbbkly Hbbald, three months 60 I L .CBTBATED HERALD, DOT OOPY 15 Office of Publication, 123-125 West Second street. Los Angeles. Telephone No. 156 nONOAI. FEBRUARY 24, 1890. Its Effect on Los Angeles. Since the announcament came from San Francisco that a deal was in pro gress to pat our townsman, I. W. Hell man, at the head of the Nevada Bank of Ban Francisco, there has not been much doubt in the minds of thinking people that the scheme would ba carried out. Mr. Hellman, of course, denied that the deal had been closed, and stated that nothing definite had been arranged, because these were facta. There is never anything definite about such matters until the final papars are signed. Bat the matter had made so good progress before the press got hold of it that it seemed cer tain of going through. The retirement oi H. W. Hellman from the business he had baen so long at the head of and of which he had been the founder, pointed to the certainty of his brother going to San Francisco. However all doubt in the premises seems now removed and in four or five weeks Mr. I. W. Hellman will in all probabilities be at the hea d of the Nevada Bank. It is altogether a natural development, devoid of any sensational features, but full of interest to Mr. Hellman's friends in Los Angeles. He began his ca reer here, not only as a banker, but as a business man in any capacity. He is in the truest sense of the term a thoroughly self-made man, the skillful architect of his own colossal fortune. His history is largely the his tory of Los Angeles, for every great undertaking here for twenty-five years has been in some way connected with his name, and most of them very inti mately so. Nothing but matters of the greatest moment would take him away from this city. The circumstances to draw him away exist in the present con dition, and possible future, of the Nevada Bank. In spite of the millions of the Bonanza Kings, the concern has been far from prosperous. Indeed it may well be imagined that since the wild wheat deal of three years ago, it has been a serious queßtio n whether or not to wind up its affairs and close its doors. Yet there were a great many men of large means stockholders and depositors in the bank. It seemed a pity to close it up. In casting about for a possible president, it is not wonder ful that Mr. Hellman's name should have come before the directorate. After it had been mentioned there was no such thing as preventing his being put at the head of affairs excepting the lack of his own consent. And so many of his friends came to the fore with offers to buy stock, that the future of the bank became so assured that he cenld not well afford to decline the honor and trust. Thus by a natural •volution of events the whole scheme has been developed. The money is there in San Francisco, and Mr. Hell man's well known financial ability and his conservative methods mark him as the man to direct its use. It is all well enough to speculate when there is only some paltry sum at stake. When it comes to the handling of $30,000,000, the main question, indeed the only one, is that of safety. At 3 per cent, the in crease from that sum is nearly a million ; and at 6 per cent, it is nearly two mil lions. A conservator is pretty nearly all that is needed. Mr. Hellman is con servative under all circumstances. The question of interest to us here is what effect will the step have on Los Angel be? It can hardly have any but a good effect. Mr. Hell man remains the president of the Far mers and Merchants Bank, which will go along just as if no change had taken place. Mr. H. W. Hellman, it is under stood, will be immediately in charge of its affairs, and he will have a private wire sttetched over the Mackay poles to the" desk of Mr. I. W. Hellman, on Mont gomery street in San Francisco. He can be consulted with the same ease as if he were in this city in his office at the Far mers and Merchants Bank. Therefore no deleterious effect can come to Los An geles from the proposed change. It is easy to see how many good results may follow to Los Angeles. Mr. Hellman, whose interests here are immense, will be at the hsad of a bank that will be from the mo ment he enters it the controlling influence in the finances of the Coast. It will be his pleasure and his interest both to aid in every legitimate enterprise thought of in Laa Angeles. He will have control of unlimited funds, and if any Los Angeles industry can only show him it i 3 one of merit, it may safely count on his encour agement. These views are simply the logic of the events involved. Since the first publica tion concerning the scheme to this writ ing no one connected with this journal has had the pleasure of exchanging ten nor five words with either Mr. Hellman or with any one authorized to speak for him. They are our views pure and sim ple, as they seem to us in the light of all that has been made public. Representatives in Congress will have an opportunity today of expressing their preferences for the place where the World's Fair is to be held. There will be a great deal of what 001. Robert G. iDgeraoll names/mud patriotism" devel oped on the occasion. It will bo a mem orable voting boat before it is settled. THE LOS ANGELES DAILY HERALD: MONDAY JAtiRNING, FEBRUARY 24. 1890 financial Problems. Money is extremely scarce in England and America. It is scarce in all parts of this country. Why is this? Two years ago the banks of New York held re serves above the twenty-five per cent, legal limit to the extent of more than $25,«00.000. Prior to that this excess of reserves, if memory serves aright, had run up to more than twice that sum. For the past year the reserves in the banks of the metropolis of the country have at no time run above a few millions, nearly all of which have been concentrated in a few banks. At one time within a year only one bank in New York held its full legal reserve,the deficit in the others amounting to millions. Where is all this money gone to? The Paris Exposition seems to be the only discoverable explanation of the present low ebb of the money cur rents in America and England. It is gueßsed that the drain on this country for the expenses of visitors to Paris in the year amounted to $100,000,000. But this explanation will not fit the whole problem. The treasury of the United States has disbursed, in some shape, in a little over a year, the greater part of that sum from the surplus accumulated by the honest economy of Mr. Cleveland's administration, Therefore, money ought not to be much closer today than it was a year ago. Nor will the theory of exceas of im- 1 ports over exports solve the riddle. In 1889 the exports of merchandise from our ports amounted to $827,000,000, the largest ever chronicled in the history of the country for any year excepting one. The imports last year were $770,000,000; so that the net excess in our favor was $57,000,000. The net exports of gold were $39,000, --000, and of silver $20,000,000, leaving still a net deficit of $2,000,000 after set tling the balance between merchandise and the precious metals too. Usually about $5,000,000 of gold settles all the bal ances of all nations against the United States. That has been the average for the laat aix years. Another puzzling financial problem is the drift of gold. Eogland and Ger many demonetized silver in the hope of drawing gold to their coffars, and drain ing the other countries of this noblest of metals. The gold bugs of America tell us that to replace silver where it justly belongs, and in the position whence it was dislodged by a fraud, would result in draining this country of gold and of flooding us with silver. But the history of the past twenty-five years does not establish any such fact. France, which is a double standard country, has not only more coin in her bank in pro portion to her requirements than Eng land or Germany, but she has more gold coin there. England has been in a state of constant terror for a long time lest her bank should become depleted of gold. She has resorted to all sorts of means to maintain her standing in the commercial world, but she is, in spite of all her efforts, steadily losing the place she once held. At times the amount of gold in the vaults of the Old Lady of Threadneedle street has been as low as £19,000,000 to £20,000,000. The of France has steadily twice aa much gold in her vaults, and is steadily gaining more while PZngland is losing. At the Deginning of ISB9 the Bank of France had $200,000,000 in gold and the Bank of England $103,000,000. This year the French concern starts out with $250,000, --000, an increase of 25 per cent., while the institution on the banks of the Thames haa dropped to $105,000,000, a slight decrease, but still a decrease, and one that alarms the financiers of Eng land, in view of the fact that the drop is steady. So with the rates of interest. England, under her monometal craza, finds the rates at the baiik range all the time at 5 and 6 par cent., instead of the cus tomary 2 to 3 par cent., and the rate in France pursues the even tenor of its way at about 2>£ per cent. The ablest financiers of the world try to account for these quaer currents in the monetary affairs of the world, but there is not one of them that can more than guess ;.t the reasons for them. It is to be remembered that important as money is in the affairs of the world, the farthest we have got even in these days of progress, is a clearing house for some of the large cities. There has not yet been thought of a national clearing house, and an international one is an idle dream. Yet both mu3t co.ne in time. Mr. Kaufman, a German editor of Cleveland, Ohio, an interview with whom appears in the Herald's dis patches tnis morning, gets at the root of the socialistic situation in Germany. The effort to suppress a large body of people struggling for natural rights al ways results in spreading their senti ments and in making converts to their cause. He is right again in the point that socialism is popular because it promises the people immunity from military service. Germany is an armed camp. - Wherever one goes there are met forts, barracks and arms. The helmeted soldiers of the empire march, counter march, drill and parade on every village green, and in the streets of every city. The Life of the German is a sol dier's life. He dons a uniform and shoulders arms before the down sprouts on his chet-k, and he does not doff the one nor lay down the other until he be gins to grow grey, and even then he is liable to military service under possible emergencies until he dies. The socialis tic movement in Germany is a move ment for natural rights. A people so enlightened and self-contained as the Germans cannot be governed by despotic methods. Bismarck by his iron will and intense intellect has held the course of events back for a genera tion, but no one, were he a demigod, can longer stay this current which sets so strong in the direction of a more pop ular form of government. It is inti mated that the young Emperor is disap pointed that his own stand in his recent rescripts should have resulted in such sweeping socialistic victories at tho polls. If he is, it is hard to conjecture what he expected. If he reads the signs of the times aright, he will grant gradually all the reforms the people are demanding, and thereby save his crown and throne. For the people will not be much longer denied the natural rights for which they clamor. There is a little preliminary skirmish ing going on here just now as to the es tablishing of smelting works in the city. An able letter by Prof. Anthony in the Herald this morning throws much light on the matter. There ia no manner of doubt that here is one of the best points in the country for such an industry. There is no end of valuable ore at our own gat- b which a smelter would cause to be developad at once. The area con tributory to such an enterprise ia ex ceedingly wide. Citizens with large landed, monetary and business interests in the city ought to take this matter up with vigor and push it until the furnaces are lighted and the precious metals being turned out. CAPTURED IN CANADA. Absconder Walton Uauarht After Being Fleeced by i.amblers. Kansas City, February 23. —Dispatches were received here thiH evening that VValton, who stole $35 000 from the Pacific Express Company at Dallas. Texas, was captured iv St. John, New Only $7,000 was found on him. His is no f , ex'raditable. Walton had, according to the detectives' stories, been traveling some time with two gamblers, who it is thought relieved him of a large portion of his ill-gotten wealth. Oae of them was arrested at Montreal a few days ago, with $3,000 in his possession. It is understood that Walton was preparing to go to Europe from Halifax, and that the gamblers were preparing to rob him before he took the steamer. St. John, N. 8., February 23 —Wal- ton, the express robber who was arrested here last night, ariived here several day s ago in company with John Laird and Frank Brady, two Montreal gamblors, to whom it is claimed he gave a large sum of money to get him out of Canada. They also got more money from him by gambling. They left here a few days ago and went to Montreal where they have been arrested for aiding and abet ting Walton in bringing stolen money into Canada. Walton had but $7,000 when arrested. In his valise was found one package of money with the original Dallas wrappings intact. BEBINU SEA UI»Pt'TG. Blalne and Pauncefote Reach an Amicable Settlement. Chicago, February 23. —A Daily Neivs Washington special asserts that Secretary Blame and the British Minister Paunce fote have reached an amicable agreement on the Bering sea controversy, and the queetion of damages sustained by the British vessels wi 1 be submitted to arbi tration. Details of the agreement can not be obtained, but it is known that the United States will not, under any circum stances, permit foreigners to catch seals in thedisouted waters during the seasons when our citizens are prohibited from doing so. Tne dispatch adds: The foreign powers have never been formally notified before that these waters are considered a closed sea, and foreign fishers had the nominal liberty to enter the waters from which they had not been formally prohibited. Our seizures therefore were illegal. The conclusion is drawn that in the agreement Blame concedes this fact, and concedes the right of the United Scates to prohibit poaching here after. Tuerefore the United States will pay what damages may be assessed by arbitration, and England guarantees that there will he no more trespassing. Mackay Non-Sultcd. New York, February 23.—A Paris special published this morniag lays the action of Millionaire Mackay against Leon Alfasaa, as his wife's administrator, came to trial Saturday, and resulted in plaintiff being non-suited. The claim has be«n dragging in the courts som« time, aud originated in a loan made by Mackay to AlfASsa. The action will probably cost Mackay $25,000 to prose cute. American Scbooners Released. Panama, February 23 —The various American schooners recently seized by the Colombian authorities for contro/en tion of the customs laws, have been re leased. Colombia claim* she has an un questioned right to close her coast ports to foreign trade that is simply ruhing her own traders, who are compellei to pay duties that direct American tralers have hitherto evaced. Atlantic Steamships. Baltimore, February 23.. — Arrived: The VV«ser, from Bremen. Philadelphia, February 23 — The Ms-rylan I, from London. New York, February 23.—The Adri atic, the <4u«en and City of Chester all from Liverpool; Illinois and Penuljnd, from Amwerp; the Saale, from Brenen. Brutal Bruisers. Wilkesbarre, Pa , February 23 —A brutal prize fight took place this'moriing between the heavy weights John Aikeaof Coloiado and Harry Gilmore of Pennsyl vania. Thirty-nine rounds were fou;ht, and in the last Aiken's wrist was broken by a blow from Gilmore. Tne battle vas awarded to the latter. Both were bally punished. The Week's Exchanges. Boston, February 23 —The total goss exchanges for the last wnek, as shown by dispatches from ihe leading closing houses of the United States and Canida, were $950,505 969, an increase of 5 6 3»r ceut. as compared with the correspoid ing week of last year. Baseball at Bakersfle Id. BaKIBSFJSLD, February 23.—A pic;ed nine baseball club came from Visilia and played two match games—one }es terday and one today. The visitors ware defeated by scores of 13 to 9 and 14 t< 1 Great interest was manifested. Killed Each Otber. Louisville, Ky., February 23 Joan Stringer and Andrew Lane engaged ir a drunken brawl at Grays, Kentucky, and killed each other. Lane was shot and Stringer's jugular vein was as vend. Stringer had shot eight men. Mall Robbers In Germany. Berlin, February 23.—A gang of rob bers stopped a mail coach betwe»n Sonderburg and Flensburg, beat the oifi cers in charge into a state of insensi bility and then escaped with the valuables. Sled of Injuries. Ban Francisco, February 23.—Daniel O'Leary, a laborer in the employ of the Southern Pacific railroad, and who was rnn over by a train at Port Costa yester day, died this afternoon, j WORLD'S FAIR RACE. The Grand Opening to Take Place Today. SPECULATION ON THE RESULT. Chicago Expected to Take the First Heat—Will a Fair be Held at All? wsoeiated Press DisDatches to the Hbbald. Washington, February 23.—The eve of the grand race for the World's Fair has been used by the friends of the four contestants in getting into the best pos sible condition for the opening tomorrow, and arranging plans and counter plans with which to reach any advantage how ever Bmall, that may present itself. It if on all hands conceded that Chicago will spring immediately to the front and capture the first heat, but there is a wide divergence of opinion as to how many heats it will require for any one of the rivals to distance its competitors. In deed there is considerable speculation as tj whether any fair at all will be held. Opposition to the holding of a fair is gaining ground, and many predict that a formidable array of members will be found opposed to any fair at all, unless the question is settled before a site is chosen. The concensus of opinion as regards the first ballot is about as follows: Chi cago, 100 or 105; New York, 80; St. Louis, GO or 05, and Washington the re mainder, depending somewhat upon the total number of votes cast. It is claimed that the other cities are throwing some of their strength to the Washington party to deceive the others as to their real strength, and partly to establish friendly relations for credit to draw from the latter. CONGRESSIONAL FORE .AST. World's Fair tlie Subject of Para- mount Interest. Washington, February 23.—The sub ject of paramount interest to come before Congress this week will be tho selection by the House of * site for the World's Fair. Balloting will begin tomorrow, but as no city really expects to secure a majority of the votes cast on tirbt ballot, it cannot be predicted when the voting will end. The special order of the House allots but one day for balloting, tnd ac cording to the procedure arranged by the committee in its report on I the bills, each member is to indicate his choice as his name is called. This necessarily will be a slow proceeding, and not many roll calls can be had during the limited time lixed ia the special order. But the man agers of the fair bills are prepared for tnis exigeucy. and will avail themselves of the parliamentary device of taking * recess at the close of the day instead of allowing the House to udjonrn, the effect of which will be to carry the legislative day of Monday along until a site is selected. After this has been done, the House will again turn its attention to the consideration of contested election cases. This promises to be a busy week in the Sen ite. Toe order adopted under I toe resolution of Sherman to consider public building bills was not exhausted Friday, and at every possible opportunity the calendar will be called with a view to cleaning it of measures of this class. The Oklahoma Townsite bill will be up daily during the morning hour until dis posed of, which it is hoped will be before ttie end of the week. Evarts has again given notice that he will call up his resolution declaring that it is competent for the Senate to elect a President pro tern, who shall hold office during the pleasure of the Senate. This will doubtless provoks a discussion of constitutional power. The resolution was approved by the caucus of the Re publican Senators last year, but it was seriously c >mbatted then by a large ma jority. It will, however, be adopted, and the Senate will, it is understood, choose S jnator Ingalls to preside during the absence of Vice-President Morton, who, with his family, will start for Florida, March Bth, to be absent a month. ALASKA CUSTOMS STATIONS. The Need of Additional Ports of De liver r- Washington, February 23.—Senator Dolph's bill to constitute Mary Island, Wrangel, Juneau, Sand Point, Kodiak and Ounalaßka ports of delivery within the collection district of Alaska, and ap propriating $25,000 to erect the necessary buildings on Mary Island and Sand Point, was referred by the Senate com mittee on commerce to Secretary Win dom for an expression of his views thereon. In response the Secretary Bays: Mary Island is of no value except for custom house purposes. It is recom mended as the best site for the initial port of the peninsular trade, by the offi cers of customs, revenue, mariue and coast survey and shipping and mercan tile interests. Wrangel, one hundred miles north of Mary Island, has already been consti tuted a customs station by administra tive action. It is an old and somewhat important station of trade. Juneau ia on the main land of the peninsula, two hundred miles north of Wrangel, towards Sitka. The necessary offices and buildings are there; it is a large and flourishing town, the center of the mining industries of the Territory. Kodiak is on the island of that name, nearly one hundred miles west of Sitka. It is the centra of the salmon fishing and canning industry, important resources of the Territory. There is a single officer, and proper building on the ground. Band Point is on Popoff island, one of the Aleutian chain, several hundred miles from the main land. It is the ren dezvous for hundreds of fishing and hunting vessels, and, therefore, one of the moet important customs stations in the Territory. A? the inducements for smuggling and engaging in demoralizing traffic with the natives, are so great and so largely exercised, no time should be lost in providing the necessary super vision, says the Secretary. Ounalaska is in the Aleutian chain, 200 miles west of Sitka, at the principal entrance of the Bering sea. A customs officer has been stationed there many years. Except at Mary Inland and at Sand Point, the Secretary says, there will be no expense consequent upon the passage of the bill. Additional Appropriations. Washington, February 23.—The Sec retary of the Treasury has submitted to Congress estimates of additional appro priations for the current fiscal year, aa follows: Printing the publications of the hydrographic office, $3,000; support of non-reservation Indian schools, $292, 625. The appropriations asked for amount to $420 500, making the total amended estimated appropriations $713,125. ECCLESIASTIC HATTERS. Cardinal t.lbbona'a Solution of tlie Neajro Problem. Baltimore, February 23.—Cardinal Gibbons began today a course of Lenten sermons. Before beginning his sermon today, he made an address to the congre gation on behalf of negro and Indian missions. "There are now," said his Eminence in closing, "about seven mil lion negrces ia the United States, and tuft negro question has become a serious problem to the American people. The best solution of the problem, in my judg ment, will be found ia Christianizing the negroes." BISHOP WIGGES'S EDICT. Newark, N. J., February 23,—A le ter from* Bishop Wigges was read today iv all the Catholic churches of this diocese, urging parents, under pain of excommu nication, to send their children to par ochial schools. The letter was issued last week, but was not read in all the churche-i laßt Bunday. The Bishop gave strict orders that it be read today ou ac count of the alleged refusal of Father Carrigan of fioboken to read it. LENTEN OBLIGATIONS SET ASIDE, 9t. Louis, Mo., February 23—The Wettern Watchman, a prominent Catholic weekly journal of this city, prints a letter from its Roman correspondent, in which he says the Congregation of the Uni versal Inquisition has issued a docree signed by Cardinal Monaco, and pub lished in the official organ of the Vatican, abolishing the Lenten tast and abstinence this year. This is extended to the whole world, the letter says, wherever the ordinaries shall judge the dispensation necessary. The reason for setting aside the Lenten obligation, it is claimed, is the prevailing influenza which is making such ravages in all parts of Europe, and thought to be prevalent in the United States. This decree, it is said, will be quite a surprise to Roman Catholics, as it is stated to be the first one of the kind ever issued in the history of the church. fNT ISBN A TION A E KtILWAY. One of tne Projects of the I'an- Amerlcau congress. Chicago, February 23. —The Daily News' Washington correspondent claims that the committee on railways of the Pan-American Congress has made a re port, which will be adopted, recom mending the construction of an interna tional railroad, to connect the railway system of North America with that, of the Argentine Republic, and declaring their belief that such an en terprise will do more to pro mote the per.ee and commercial prospects of the American republics than any other possible means. The de tails are elaborated, the first of which in an international commission of engineers with headquarters at Washington to direct a topographical, geographical and mineralogical survey of the route from the City of Mexico south. President Harrison and the administration are said to be deeply interested in the project. TOM PLAT TVS MISSION. He Belongs to a Syndicate That Hid on ttae Seal Fisheries. New York, February 23.—The World this morning asserted that Tom Plact'.-i real mission to Washington was not in the interest of the World's Fair. It says he is a member of a syndicate formed tsveral months »go to bid for the Alaska aeal fisheries. The name of Piatt's com pany is "The North American Trading Company of West Virginia." It is learned that among the stockholders of the company are Stephen B. Elkins, Thomas C. Piatt, a brother of Senator Spooner, of Wisconsin, and a wealthy granite man in Maine, who is a close personal friend of Blame. It is reported in addition that the list includes several United States Senators, General Alger, of Michigan, and possibly Secretary Blame. MONTANA MINUS. Great Excitement Over New Dis coveries of Gold. St. Paul, Minn., February 23.—A let ter received here from Montana says the north half of that State ia excited over unexpected discoveries of placer gold, quanz and silver and lead galena in the mountain spurs and hills of the great reservation, as well as in the Bell moun tains. One mill near Maiden is crush ing enough rock with a twenty-stamp mill to turn out every month $100,000 in bullion. A projected railroad to be ex tended soon from Great Falls will, it is believed, hasten the development of that section into one of the richest mineral belts in America. The State Mining In spector says over 12,000 claims have been lecated in Montana ander the mic ing laws. TIUS CHEROKEE STRIP. Cattlemen Preparing to Vacate. Tne Indians Indignant Kansas City, February 23. —President Hewitt, of the Cherokee Strip Live Stock Association, says his company will, next month, take the necessary steps toward ihe removal of their cattle by October let, in compliance with the President's order. He does not krow where they will ship, but supposes in all directions. He ex hibited a letter from Chief Waves on tho subject, in winch the Chief says: "The Cherokees look upon this course of tho administration as very unreasonable* and unjust to them, and without lawful authority. To be dispossessed of the use and benefit of their lands ia something the Cherokee nation cannot submit to under any circumstances, unless forced to do so." A BAKE I* ILL SYNDICATE. A Million Dollars Offered for the National Eeague Franchise. New York, February 23. —The latest baseball story comes in the form of a re port that a syndicate through the law firm of Tracy, MacFarland, Ivins, Board man & Piatt, have offered $1,000,000 for the franchise of the National Baseball League, which embodies ten clubs. This is rating the clubs at $190,000 each, and would seem to place the League leaders in a peculiar position in the light of the statements they have made frequently concerning their small profits. The law firm in question refuses to declare the names of the syndicate people, while Mr. Day, of the New York Ball Club, refused to talk of the matter. Fatal I.am* Explosion. New York, February 23.—8y the ex plosion of a lamp in the cabin of the canal boat Chandler, lying at the foot of West Sixteenth street early this morn ing, Dennis Daily, the three-year-old eon of Captain Pat K. Daily, was burned to death, and Captain Daily, his wife and two other children were so seriously burned that they had to be taken to the hospital. Pell Released on Ball. Nsw Yoas:, February 23.—George H i Pell, the alleged bank-wrecker, secured bondsmen today and was released from custody. WALNUT GROVE DAM. The Rumor of Its Bursting Confirmed. EVERYTHING SWEPT BEFORE IT. Great Loss of Life Anticipated—The President of the Company Among: the Victims. Associated Press Dispatches to the Herald, Prescott, Ariz., February 23.—A. general feeling of excitement and sus pense prevailed here today over the news of the disaster at Walnut Grove. The courier who brought the news arrived at eight o'clock last night. As he left im mediately after daylight, he could give few particulars. Five bodies had been recovered and identified when he left. The distance from Prescott to the storage dam by the shortest route is forty miles, while the service dam is fifteen miles further down the stream. Immediately on receipt of the news Adjutant-General O'Neill left here for the scene of the dis aster, with two surgeons to assist the sufferers and superintend the burial of the dead. A representative of the Journal-Miner accompanied the party, and *ill send a courier with particulars. It will take at least twenty-four hours for the round trip. A HOPEFUL VIEW OF THE DISASTER. As yesterday's courier came from the lower dam, the road from which does not pass the upper one, it was only sur mised that it had given way on account of the immense quantity of water coming down so suddenly. A more hopeful feeling exists this evening on account of no direct news being received that the upper dam is broken. The reservoir may still be intact, as the flood may have been caused by the opening of the gates to relieve it from threatening danger. THE WORST NEWS CONFIRMED. Later—Qarther Allen, formerly inter ested in the works, and John McDonald, one of the owners of the Blue Dick mine, have just returned from Dosori's divide, fourteen miles south of town, from where a view of the dam could be had, and re port that it has gone without a doubt. The wash of the waterway could be plainly discerned, with their powerful glasses, high up on the side of the cliff, while the break in the stonework of the dam was also plainly seen. The break in the dam sloped to the eastward, leav ing the impression that the main break was on the east side. No estimate can yet be made of the loss of life or property, but the latter will undoubtedly run into millions, and the former must be great, as many families were living in the narrow cations near the stream. Confirmation of the news has heightened the excitement here, ana further news is anxiously awaited. FAULTY CONSTRUCTION OF THE DAM. San Francisco, February 23 —In the printed transactions of the regular meet ing of the Polytechnical Society of the Pacific Coast, held in October, 188S, ap pears a description of the Walnut drove dam by Lnther Wagoner, one of the directors ot the society. From this it appears that the dam is situated on Hassayampa creek, about thirty-five miles south of Prescott, its elevation above sea level being 3,500 feet. The drainage area above the dam is 390 square miles. The dam was built to store water principally for some alleged rich placers on the mesa eighteen mileß below tho dam. The re port continues: "The history of the con struction of the dam is one full of blun ders, mainly caused by the officers of the company in New York." Its alleged faulty construction is then stated in con siderable dotail. In brief, the quality of cement and lumber were not up to the usual standard. Some of the work was constructed in the absence of the chief engineer. Wagoner was assured by tho meu who did the work, that in the ce menting they did not go to bed rock, and that they worked in four fact of water. The labor was also unreliable, perhaps owing to the presence of saloons and gambling shops, and totally inadequate provisions were made for the comfort of the men, by either the company or the contractor. SOME OF THE PROBABLE VICTIMS. New York, February 23—The presi dent of the Walnut Grove Storage Com pany is Martin 8. Van Buron, of this city. He went to Prescott in November with his daughter Nellie and her cousin, Mary Hanlon. He intended to inspect the dams. His friends could not hear from him by telegraph today, and are anxious for his safety and that of the ladies. A OBKEN ftSRIPJTI AN Causes the First Accident on Port laud's Cable Road. Portland, Or., February 23 —A car on the new cable road just opened, was coming down a grade this evening, when the gnpman lost control, aud the car, with two men and a woman on board dashed to the bottom of the grade, where it flew the track. The lady was unhurt, but the meu were severely bruised. The car was completely demolished. It is stated that the gripman aud conductor jumped off when they saw the car was about to got beyond control. Ashore On tlie Rocks. San Francisco, February 23.—This evening the barkentine General Fair child, with coal from Departure Bay while bemg towed in by the tug Saa Queen, was carried ashore by the strong «ob tide on the rocks just inside Fort Point, where hhe pounded badly. Two other tugs went to her assistance and got her off She was towed up the bay leaking badly. Death of Equestrienne Keller. Sacramento, February 23—Miss Kel ler, who accompanied Buffalo Bill's wild west combination to the Paris Ex position, died here today of pneumonia She was a daring race and hurdle rider and has frequently won the first prizes given by State agricultural associations in Nevada and California. Fire at Cheney, Washington. Spokane Falls, Wash., February 23.— News has been received here that fire to night destroyed a block in the business center of the town of Cheney. The fire is now under control. The Spokane fire department was called upon for assis tance, but a later telegram said help was not needed. ■all at Monrovia. Monrovia, Cal., February 23 — [Special].—There Was a heavy hailstorm here at 5 o'clock this evening. The val ley below was covered with hailstones. A strong northeastern wind is blowing. The thermometer registers 40. and it is storming heavily in the mountains.