The herald. [microfilm reel], February 21, 1893, Image 1

About The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900

Image provided by: University of California, Riverside; Riverside, CA

                
I PAYING RENT?
[ WELL, STOP IT, AND BUY A
WHOMB ON THE INSTALLrtENT
L PLAN. SEE THE BAROAINS ON
EMERALD'S SIXTH PAOB,
I ytttt m>mt« *>m'> ■ ■» mm mm
VOL. XXXIX. NO. 133.
PREPARATORY
J- TO OUR SPRING OPENING,
L fJTE ARE OFFERING A LARGE LINE OF
♦»♦♦»♦♦»»♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦»♦♦»♦♦♦
1 mis pints t m nam i
?♦»«#»♦»♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦»♦♦♦♦♦♦♦♦♦♦♦♦»♦♦♦♦♦♦♦♦♦
AT GREATLY REDUCED PRICES.
MULLEN, BLUETT I GO.
OOR SPRING AND FIRST STS.
Crystal palace,
138-140-142 S. MAIN ST.
ON SPECIAL SALE THIS WEEK:
A LINE OF FINE ENGLISH PORCELAIN
CHAMBER SETS,
In six-niece or ten-piece sets. We are selling them at a lower price than
r ever before.
WE SHOW THE LARGEST AND FINEST ASSORTMENT OF
DINNER SETS
In the city, at prices that cannot be beaten.
CALL AND SEE THEM AND BE CONVINCED.
MEYBERG BROS.
A Full Hand
tea winning one, an* that's the case with our. stock of Hats, Underwear, Neck
wear, Hoeiery, Suspenders, etc., etc. These goods are winning adm.rat.on from
crowds of buyers, who are carrying off
■> i^CN—\ tbeir selections bo constantly that It's
« about sb impossible to keep tbe stock full
■ water. Our stock of Neckwear is full of
Rood things though, and includes all the
>> I ver> iut« 8 t novelties. Here is cheap finery,
,VLt ' no ' ' n *' 19 uounl Bense, for these ties
tlrn USt ab &nf> 88 they are cliea P- There
"T* are aleo plenty 01 bargains in our line of
Shirts, which are reinforced back and
TT% front with linen bosomß and bandit. We
*' are also offering all the new cofors in
"tourist" hata.
nFRMOND HATTER <£ MEN'S FURNISHER
JJLUITIUIIL/, 141 SOU Til SPRIW ST. Brtson.Bonclirake Block,
J TTTILLIAMSON BROS., having purchased for
|jT|7 x VV cash, at a very large discount, the stock of
llllf * PIANOS and ORGANS carried by W. T.
LJLXI ♦ Somes, are offering the same at greatly reduced prices.
—, ir n/t ri tita * These goods must be sold at once to make room for
Klllfl II M\ ♦ NEW STOCK from the eaßt. Intending purchasers
IXO ♦ W '" We " t0 inspec,; theße bargains at'
-in— t Williamson's Music Store,
DT/IXTfiO I f 32T SOUTH SPRING ST.
I IH Nil Ml X Largeßt stock of Musical Instruments, Sheet Music,
1 lilltV/VJI T Music Books, etc., in town. Standard and White
215 lm X Sewing Machines, and all supplies. 327 8. Spring Bt.
Fred. A. Salisbury
DEALER IN
WOOD, COAL, HAY, W AID CHARCOAL
AND THE CELEBRATED
WELLINGTON COAL.
No. 345 South Spring Street. Tel. 226
Hgirjcock Bax|r|i;ng;,
• Wholesale and Retail bealor In
lump coal
And Catalina Soapstone Wall Finish.
This material la Are proof, haa a beautiful tint, and can bo washed without Injury.
OSce: 130 W. Second street. Tel. 38. -:■ Yard: 83g N. Main atreeL TeHO4
FINTE CARRIAGES.
HAWLEY, KING & CO.,
-^AGENTSK-
Columbus Buggy Co. New Haven Carriage Co.
Binghamton Fancy Buckboards. Geneva Carriage Co.,
Branch Carriage Repository, 210-212 N. Main St.
FARM IMPLEMENTS
APOnr Main Store, 1-64-168 North Los Angeles Street.
The Herald
LOS ANGELES: TUESDAY MORNING, FEBRUARY 21, 1893.
FROM SLEEP TO DEATH.
Sudden Death of Gen. P. G.
T. Beauregard.
One of the Last of the Rebel
Generals.
His Last Honrs Spent ln Ease and
Comfort.
After Spending a Pleasant Evening Wit
His Family He Lay Down to the
Sleep That Knows No
Waking.
, -si \ !
By the Associated Press.]
New Orleans, Feb. 20.—Gen. P. G.
T. Beauregard, one of the last of the
generals of the confederate military ser
vice, died tonight. The first symptoms
of hia fatal illness were manifested two
weeks ago, when he waß attacked by a
complication of diseases, which threat
ened heart failure. He manifested
eorne improvement under the physicians'
care, particularly during the last three
or four days, when he waa able to leave
hie apartments and take short periods
of exercise in the grounds of his resi
dence. He dined with his family this
evening and remained in hie library un
til 9:30. He went to sleep easily and
seemed resting well. One of the nurses
went to his bedside a few minutes after
10 o'clock and waa horrified to find him
in the death struggle. The members of
the family were summoned at once, bnt
before they reached the chamber the
end had come. The direct cause was
heart failure.
The funeral will beheld Wednesday.
Despite his advanced age, 75 yeara,
Qeneral Beauregard had led a life of
considerable activity.
WHO IS ON TOP?
Populists Claim to Have the Best of the
Fight in Kansas.
Topeka, Kan., Feb. 20.—Governor
Lewelling thiß afternoon gave the Asso
ciated press a statement in regard to the
late unpleasantness. It is an editorial
for uee in this week's issue of the Popu
list papers. It ia approved by Governor
Lewelling, but be does not wish it
classed aa an official utterance. The
statement says:
The Republicans boast of having car
ried the fight. The fact ia the Populiata
have never lost eight of the central idea
in tbe contest, the preservation of the
Populist houße. It waa to destroy thie
hauao, that vhe Republ.caue made tin.
fight and failed. Had they succeeded it
would have thwarted all reform legisla
tion. They know that lawa paaaed by it
are valid; that to declare otherwise the
supreme court would have to revise all
respectable precedenta at partisan de
mands and face a wave of public indig
nation unparalleled since the notorious
Judge Treaailian wae followed to the
scaffold by the outraged people who ex
ulted at bie just but chocking execu
tion. Corporate greed had determined
to prevent the enactment of reform
measures by the Populists.
The governor then goes on to crimin
ate the acta of the Republican house,
intended to extinguish the house oi
Populists, beginning with the attempted
arrest of its chief clerk and to be fol
lowed by the arrest of enough Populist
members to break the quorum. Thiß,
he adds, did not aucceed, and though
tbe Republicana succeeded in the com
promise in driving the Populists from
the hall, their organization waa still in
tact. Even this waa only brought
about through the disloyalty of the
militia and the county Bheriff. He de
clares the militia had been recruited
and doctored to thia end for two yearß.
The unmasking of the Republican trea
son, perjury and lawlessness richly com
penßateß the Populists for all the indig
nities suffered.
NORTH DAKOTA REDEEMED.
The Deadlock Broken hy the Election
of a Democratic Senator.
Bismarck, N. D., Feb. 20.— W. N.
Roach, Democrat, waa elected United
Statea Benator today.
Roach was elected by a combination
of Democrats and Independents, aided
by aome Republicans. Roach haa been
a resident of Dakota the past 12 yearß,
coming from the District of Columbia.
He hae stood for his party as a candidate
for governor on two different occasions.
He ia a large wheat grower, and waa
naturally expected to draw farmer votes
from toe Independent ranks.
DEMPSEY REARRESTED.
A New Charge Lodged Against the
Homestead Poisoner. -
Pittsburg, Pa., Feb. 20.—Hugh
Dempsey, district master workman of
the Knights of Labor, who waa recently
convicted of complicity in the Home-
Btead poiaoning, waa arrested again thia
evening and lodged in jail, the charge
being felonioua assault and battery.
There ia a good deal of myßtery sur
rounding the arrest and all parties con
cerned refuee to talk.
Must Return to Cheyenne.
New York, Feb. 20.—Charles A.
White, who was arrested in October
last, charged with the larceny of bonds
and atocke belonging to his wife, Emma
J. White of Cheyenne, Wyo., must go
back to Cheyenne, Judge Labombe, in
the United Statea court of appeals to
day, having handed down a decision to
that effect.
Defaulter Eno Surrenders.
New Yokk, Feb. 20 — John O. Eno, a
defaulting bank preeident who had been
missing many years, has just surren
dered himself in the United States
court. He had bondßmen ready to give
bail, which was fired at $20,000. His
trial waa fixed for the second week in
March.
No Choice in Montana.
Helena, Mont., Feb. 20.—Tbe sena
torial ballot resulted: Mantle, 26;
Clark, ID; Dixon, 12; othera scattering.
EXCITEMENT IN SAN DOMINGO.
Signs of ■ Revolution and an Interna
tional Imbroglio.
Madrid, Feb. 20.—The minister of
coloniea has received a dispatch from
Cuba stating that there is excitement in
San Domingo, in consequence of the con
cession of customs with an accompany
ing grant of land to an American syndi
cate. President Herreaux of San Do
mingo is eaid in the Spanish advices to
be fiercely denounced by the peonle, and
there are all Bignß of a revolution. A
Spanish war vessel haa gone there from
Cuba. The telegram hints at interfer
ence by the United States in the affairs
of San Domingo. Spain ia now seeking
information on thia point before sending
a proteat to Waehington.
MITCHELL'S CLARET TAPPED,
A Barkeeper Sings Him With an Empty
Bottle,
New York, Feb. 20.—Charley Mitchell
was drunk and dieorderly in Jim Wake
ly's saloon this morning and the bar
keeper struck him over the head with
an empty bottle, drawing blood. He
had to be taken home in a cab.
There is every reason to believe that
Mitchell and Corbett will be matched in
Canada next Saturday. David H.
Blanchard hae been agreed upon aa
temporary stakeholder,
JACKSON'S DEBUT. .
The Colored Pnglllst Makes Hla First
Appearance as Unole Tom.
Santa Rosa, Feb. 20.—Peter Jackson,
the Australian heavy-weight pugilist,
made his debut as an actor here tonight
in the L. R. Stockwell company. He
took the part of Uncle Tom in Uncle
Tom's Cabin, and rendered it well. The
audience applauded him enthusiastic
ally.
Gov. McKinley's Liabilities,
Cleveland, 0., Feb. 20.—Governor
McKinley etill remains in Cleveland
awaiting developments in the Walker
failure at Yonngstown. The liabilities
of the governor now amount to more
than $80,000.
Portngnese Minlel ry Resigned.
Lisbon, Feb. 20.—Owing to the failure
of the cortes to approve the financial
scheme, the ministry haa resigned.
THOMPSON'S TESTIMONY.
ANOTHER CHAPTER IN THE PANA-
MA CANAL INQUIRY.
The Congressional Committee Goes to
Terre Hants to Uear the Vener
able K»Secrotury of the Navy
Explain Things.
I Tkvri; Hur-ra, Ini!., Feb. 20.— The
Panama congressional investigating
committee arrived this morning and
began taking the eyidence of ex-Secre
tary oi the Navy Thompson, in private.
The ex-Becretary first detailed the cir
cumstances of hia resignation from the.
cabinet, saying it was publicly done,
and further, he met no opposition from
President Hayea when he approached
him regarding the matter. The first offer
of the American chairmanship was made
to him by Jeßße W. Seligman in 18S0,
and was not accepted until he had a full
conference with friends and the presi
dent, aud the determination on hia part
that there waa nothing in it inimical to
the interests of the United States. He
denied that the Hayea administration
was opposed to the canal, but did want
it under American control. He had the
idea when he aeceptedthe chairmanship
of Americanizing the affair, and tried to
get an American construction company
to build it. The entire administration,
so far as he knew, of the affairs of the
American committee was on the strict
est business principles.
He did not know what were the dutieß
of the three banking houses, whose
repreaentativea were members with him
of the American committee, and he said
he waß much surprised, aa were the
committee, when he learned within a
week that the three had been getting
each $50,000 a year, or twice his own
salary for their tervicea in thia country.
Colonel Thompson denied that the
Panama canal company had a lobby at
Washington, either to procure favorable
legislation for tie Panama canal, or to
fight the Nicaragua people, and he said
he kept clear of lobbyists and that there
wae no impropei expenditure of money
ao far aa he wae aware. He aaid when
the Nicaragua treaty waa before the
aenate all he did waa to write a pam
phlet againet it, which he placed in the
hands of all the senators. Senator
Voorhiee, only, knew that he wrote it.
He did not aignhis name to it because
he did not want the Panama canal an
tagonized, so he had it appear anony
mously. The aenate defeated the treaty.
The committee brought with it a let
ter prees copy of all the correspondence
between Thompson and De Leeseps,
and witness was asked to explain a
number of the letters. One of them
from Thompson to De Leaseps in Febru
ary, 1885, said: "It is difficult to con
vey to you the full understanding of
how we have conducted thiß contest,
and we must be very cautious."
Congressman Storer of Ohio read
from a letter in which the colonel told
De Lesaepß that he believed a large ex
penditure of money for materials in this
country would help popularize the
canal, which belief he emphasized to
day.
In another letter he referred to "over
coming difficulties." This, he eaid,
meant such difficulties as the Nicaragua
people were responsible for, but that
nothing but legitimate means were used
in doing so. He denied that any money
had been spent with his knowledge to
influence newspapers.
Death of a Noted Indiana Jurist.
Warsaw, Ind., Feb. 20 —James A.
Frazier, ex-judge of the Indiana su
preme court, the best known jurist in
Indiana and a man of national reputa
tion, died here today, aged 67 years.
Prof. Molynenx's Preferment.
Sacramento, Feb. 20.—Governor
Markham hae appointed Prof. F. A.
Molyneux to succeed 8. M. White aa
truetee of the Loa Angeles normal
school.
RATHER HARD ON HART.
The Attorney-General Under
Heavy Fire.
\
An Investigation of His Offlce
in Progress.
His Fellow State officials Rip Him
Up the Back.
Governor Markham and Private Secre
tary Hlgglns Chief Among the
Complainants—Other.Dolpga
at Sacramento.
By the Associated Press.
Sacramento, Feb. 20.—The investiga
tion of the charges brought againet At
torney-General Hart began in earnest
this morning. Gen. W. H. L. Barnes,
who repreaents Hart, waa present. Rob
ert T. Devlin appeared for the commit
tee aa prosecuting attorney. General
Barnea made objection, saying it was not
cuatsmary for an inveatigating commit
tee to employ an attorney. Chairman
Mathews replied that Hart had an array
of the legal profession calculated to awe
the committee, and that what they
wanted waa to get the trnth and they
had retained Devlin.
Controller Colgan stated in his exam
ination that he had known cases where
money had been paid by a oollector
directly into the harbor improvement
fund. He also said that he understood
it to be the duty of any collector having
any money belonging to the state to
turn the aame into the statu treasury
immediately. The first information the
controller received that Hart wae in re
ceipt of money belonging to the state,
was from Attorney Miller.
Colgan practically admitted dnring
cross-examination that he did not know
to whom the money should be paid.
The committee adjourned until 2
o'clock.
The investigation waa resumed thia
afternoon. Governor Markham'a secre
tary presented a letter signed by the
governor awl E. G. Wilder, E. P. Col
gan, Thomas McDonald, Theodore Rich
ert, J. W. Anderson, A. J. Johnston
and George E. Pratt, which had been
Bent to Hart, stating tbat great incon
venience Was caused the various state
officials by reason of continually being
compelled to seek advice of private at
torneys on many questions that daily
arise in the transaction of. their busi
ness, and insisting upon a deputy attor
ney who would more cloaely attend to
the buainess of Hart's office.
Secretary Higgins testified that on
many occasions the attorney-general'a
employees have been uncivil to the gov
ernor's office.
J. W. Anderson, superintendent of
public instruction, next took the stand.
He said tbat hia business with the at
torney-general's office had been unsatis
factory.
A statement waa produced by Con
troller Colgan ehowing the expenditures
made in the controller's office for special
counsel.
The state treasurer, J. R. McDonald,
stated that hia experience with the at
torney-general's,office had not been sat
isfactory ; that he had often gone to the
office and found it cloßed.
The secretary of state testified that
he frequently had found the office
of the attorney-general locked; tbat his
business with Hart's office had been of
an unsatisfactory character, and that he
had frequently gone outside for legal
advice.
E. G. Pratt gave similar evidence.
H. G. Johneton, state printer, pre
sented a statement made by him at the
request of Hart, showing the amount of
briefs, etc., which he had printed for
tho attorney-general'a office during
Hart's incumbency.
W. H. Layßon, Hart's first deputy,
stated that he aided in hia official ca
pacity largely independent of Hart;
that he had been at hia office every
day during hia term of office and re
viewed an immenee amount of legal
work.
The committee adjourned to meet in
San Francisco tomorrow.
THE JOHNSON INVESTIGATION.
A Host of San Joseans Testify ln Com
missioner Kea's Uelialf.
Backamknto, Feb. 20. —l'he committee
investigating the charges made by Rail
road Commissioner Rea against Assem
blyman Johnson, met again tonight.
Some delay was caused by the absence
of Rea's attorney, Richards, who ar
rived from San Francisco at about 8:30.
A number of witnesses were called in
rebuttal to testify to the good character
of Rea's witnesses. D. B. Maloney, J.
O'Keefe, Paul P. Austin, R. D. Fox, J.
T. Rueder, Dr. R. E. Pierce, all from
San Jose, wore examined, all of whom
testified to <.he reputation for truth and
veracity which Rea, Edwards and Mc-
Kenzie have in Santa Clara county.
Johnson then took the stand for the
third time. He said that neither he nor
Rea on the day of the interview, when a
card purported to have been marked,
mentioned Hehrobel's name.
Then Richards began a lengthy cross
examination, during which Johnson
again told the story of his interview with
McKenzie in the letter's office; also of
the time when he went to Rea with Har
rington and tried to borrow $100 on a
note. Johnson again related the history
of the card upon which the nanus of the
assemblymen were marked-.
Richards asked Johnson questions
about a conversation he had with one
Jerry Keeler. A wrangle ensued re
garding tbe rules of evidence, John
son's counsel holding tbat it was a
cross-examination. Richards said that
he was going to call Keeler, who would
testify that Johnson told Keeler that he
was willing to sell his vote, and tbat he
was coming to Sacramento for what
there was in it.
The committee adjourned at 11:45.
Successful men secure fine tailoring
with pleasing fit from H. A. GeU, 112
West Third street.
IN THE SENATE.
Several Important Amendments of the
OItII Code Paoed.
Sacramento, Feb. 20. —The senate met
aa ÜBual at 2 o'clock. The bill to amend
section 1402 oi the civil code, relating to
the distribution of community property
on the death of the hnsband, passed by
a vote of 22 to 2. Yoorhies gave notice
to reconsider.
Voorhies' bill, entitled an act to amend
the act creating the board of bank com
missioners, and prescribing their duties
and powers, was defeated by a vote of
21 to 6.
The bi.l to add a new section to tha
code of civil procedure, relating to liens
of meohanics, passed.
An amendment to provide for work on
streets, lanes, alleys, conrts, plazas, aide
walks, and for the construction of sew
ers, within municipalties, waa also
passed.
Carpenter's bill relative to stay of ex
ecution of judgment in criminal cases,
pending an appeal to the supreme court,
wae under debate when the senate ad
journed.
ASSEMBLY PROCEEDINGS.
A Bill for the Publication of School
Text Books Passed.
Sacbahrnto, Feb. 20. —In the assem
bly thia morning the bill to appropriate
money for the construction oi a state
wagon road to Yoaemite was made a
special order for 2 o'clock tomorrow.
The senate bill to build an additional
wing to tbe main bnilding of the home
for feeble-minded children at Glen Ellen
finally passed.
A bill wae introduced ontof order thie
afternoon to provide for the erection of
a general passenger ferry landing and
depot in San Franciaco, and appropria
ting $100,000 therefor.
Pueschel offered a resolution that all
county division billa be considered today
and that one hour be devoted to each.
An amendment waa offered and adopted
aubatituting Friday and limiting the
time to 40 minutes for each bill.
The assembly bill providing that
$120,000 now in the school book iund be
need for the publication of atate school
text books was declared a case of
urgency and passed.
Shanahan tried to get four of bis billa
out of order without enccesa. Adjourned.
NEUMANN GIVES IT UP.
THK KANAKA QUEEN'S ENVOY DIS
COURAGED.
He Comes to the Conclusion that the
Annexation of Hawaii to the United
States Can Not Be Pre
vented.
Washington, Febj 20.—The annexa
tion commissioner from Hawaii, Paul
Neumann, the envoy of Queen Liliuo
kalani, spent part of today at the capi
itol. Neumann waa in conference with
several eenators to whom he bears let
ters of introduction from business men.
Marsden, one of the annexation com
missioners, left tonight for New York,
whence he will go via Niagara Falls and
Chicago to San Francisco.
Secretary of State Foster, who had an
appointment to meet Neumann immedi
ately on his (Foster's) return to the city
this evening, waited an hour for the
commissioner, but Neumann failed to
turn up.
It iB expected that the annexation
treaty, which waß favorably reported to
the senate by unanimous vote of the
senate committee on foreign relatione,
except Gray, will be considered in ex
ecutive session tomorrow.
It is reported that Neumann has satis
fied himself by inquiries at tbe capital
since his arrival in Washington last
week, that the restoration of tbe lately
deposed queen is out of the ones turn,
but it Is Maid he desired to be advieed of
this officially, in order to satisfy hie
principal upon his return to Hawaii.
AFTER ANNEXATION.
Troopi to Be Bent to Hawaii to Preaerre
Peace and Order.
New York, Feb. 20.—The Herald's
Washington special says that, anticipat
ing the ratification of the Hawaiian an
nexation treaty by both the United
States senate and the provisional gov
ernment of Hawaii, the military and
naval authorities are discussing what
should be done for the preservation of
peace on the islands, pending the estab
lishment of a permanent government.
It is realized tbat from the heterogene
ous character of the population
of the islands and tbe general
tendency of the native element to
revolution that to peacefully maintain
American sovereignty over the islands
there must he a proper display of mili
tary force from the time that annexa
tion becomes an established fact. In
this connection the advisability of send
ing troops of the regular army to the
islands is being informally and serionßly
discussed by many of the army officers.
The navy people, as a rule, believe that
sailors and marines should be utilized
for the purpose, but are forced to admit
tbat by reason of the limited number
of naval vessels at hand it
might be advisable to send
several batteries of artillery from Cali
fornia to remain at Honolulu until some
of the new vessels can be sent from this
coast. Under the permanent form of
government to be established by legisla
tion it is suggested that there should be
a standing army organized from the in
habitants of the islands, and a number
of Amwican officers, it has been further
suggested, should be detailed to perfect
the organization, and when the United
States has established the proposed coal
ing station in Pearl harbor, there should
be an American garrison to defend the
entrance to the harbor. ,
Bralth Premier Typewriter on Top.
Mr. W. H. B. Hayward, local agent for
the Smith Premier Typewriter, haß just
received a telegram from the San Fran
cisco agents stating that the Smith Pre
mier was again awarded first prize and
only medal at the Mechanics' fair as
being the best typewriter. All were in
competition. This mak<*s the fourth
time that the Smith Premier haa re
ceived the award.
TODAY'S FORECAST
FOR THE DISTRICT OF SOUTH
ERN CALIFORNIA, FAIR WEATH
ER, SLIGHT CHANOE IN TEMPER
ATURE, VARIABLE WINDS.
PRICE FIVE CENTS.
THE WAR IN WALL STREET.
A Financial Battle of Four
Days' Duration.
Masked Foes of the Heading
Eoad Down It.
Stupendous Blocks of the Stock Sac
riflced.
Receiver. Appointed for tbe Company
at Philadelphia on a Bill of Equity
Filed by tha Notorious
Tom Flatt.
By the Associated Press.)
Nbw York, Feb. 20.—The fourth day
of the great battle between masked foea
in the Reading territory opened on the
stock exchange thia morning, when tha
slaughter of Friday and Saturday waa)
continued and the Reading defenders
were routed, horse, foot and dragoons.
The opening provided a spectacle such
as has been seldom or never witnessed.
When business opened half of tho
brokers in the exchange were present.
The moment the exchange waa opened
for business huge blocks of Reading
were thrown on the market and maids
of 12 minntea the price was hammered
down aix and one-half points, making
a total decline since the downward
movement began of Vi% points. Pande
monium reigned. There was a wild
struggling masa of panic-atrickea
humanity. Brokers jumps d, roared,
yelled, gesticulated. The opening quo
tation for Reading waa 36. •
The brokere literally tumbled over each
other in their wild eagerness to unload.
Reading was thrown on the market in
blocks of 1000 to 11,000 shares at a time,
and Bnatched up by the bears at pania
prices. In the first 10 minutes Reading
dropped to and then rallied to 31>j.
Northern Pacific also dropped away in a
panicky fashion. This was due to tha
publication of tbe report of the stock
holders' examining committee, calling
attention to the extravagance and mil*
management of the directors. No fatl*
ures were reported up to noon.
Northern Pacific opened nearly 3 per
cent off at 15 '„, retired to 43, bnt rallied
Borne. Goal stocks were generally weak.
Jersey Central retired from 123 to 119,
the lowest price in months.
The amount of gold engaged for ship,
ment tomorrow iB $3,300,000.
At 11 o'clock the market waa active
and firm at an improvement.
There was no diminution in the ex
citement in stocks after 11, bnt the im
provement in values made no further
progress. The talk of a reoeivership for
Reading again depressed tbat stock to '
the lowest point. Sugar gave way, un
der heavy pressure, from 123 to 120%.
Railroad shares on tffe whole were well
maintained, and considerable confidence
was shown in the general list, thongb
prices yielded fractionally along tb«
line. Trading in Reading was atill un
usually heavy, the record for two honri
exceeding anything else ever known on
the exchange. At noon the market waa
active and heavy near the lowest fig
ures.
Tbe tension as the day advanced waa
terrific. The strain was too great foe
many firms. Shortly after noon iailnrea
began to be announced. The first to go
waß W. F. Rusßell, then T. J. DeLaney,
and next G. S. Fleet. The amounts of
their liabilities are unknown, bnt not
believed to be large. The cause of the
weakness in Reading is believed to b»
the attitude of the Vanderbilta and
Banker Morgan toward the Reading
people for the contemplated entering of
their territory. Another reason given ia
that Speyer & Co. have called
a loan made to the Reading
last January. The trading in Reading
waa unprecedented. After noon there
was quite a pronounced tendency to
rally for aome time, and some stocks
made marked gains, but the rumored
application for a receiver brought an
other Hood of selling orders and Reading
dropped to 28. When it was further re
ported, however, that a receiver waa ac
tually appointed, it rallied to 30. At
2:15 the market wae active and firm at
substantial gains irom tbe lowest point.
Tbe saleß of listed stocks were 1.227,000
shares, of which the dealings in Reading
amounted to 909,300 shares.
Stocks in the general list moved over
a very narrow range after the delivery
hour. But Sugar rose to 125, after sell
ing as low as 120,£. New England
again reached 40, ita opening price, but
Reading remained below 30. The mar
ket closed active and firm, at something
better than the lowest figures.
At the close Reading showed a net loss
of per cent for the day, having re
covered 2 per cent from tbe lowest price.
Northern Pacific preferred showed a losa
of 41 4 per cent for the day. Few other
movements of importance were seen ia
the railroad list.
ACTION IN PHILADELPHIA.
ReoeWera Appointed for the Keodlnron
Petition of "Me Too" Piatt.
Philadelphia, ' Feb. 20.—The board
of directors of the Beading railroad met
this morning. It wsb expected that a
statement of the pending difficulty
would be made public during the day.
Excitement at tbe opening of the stock
exchange was intense; almost a panic
prevailed. The first sale of Reading wai
at 15, a lobs of 8% from Saturday. It
quickly declined to 14. Stocks of roads
allied to the Reading were alio ham
mered.
It was announced unofficially this
morning at the general offices of the
Reading railroad, that applioation wonld
be made to the United States district
court for the appointment of receivers
for the company. Later it was said the
appointments had been made. Subse
quently it was learned that an applica
tion hud not been made early in the day
as stated, but later Johnson and Harte,
counsel ior the company, appeared in
court and held a private consultation
with the judge. After consulting 40