Newspaper Page Text
TODAY'S FORECAST. FOR THE DISTRICT OP SOUTH ERN CALIFORNIA: FAIR WEATH. ER: WARMER; WESTERLY 1 WINDS. VOL. XL. NO. 82. Unique! Striking!' Picturesque! Informing! SUNDAY TIMES . FOR JULY 2, 1893. THREE PARTS, filled with News, Special Articles and Numerous Illustrations. SOME of the CONSPICUOUS FEATURES: THK MAKING OF A MODERN NEWSPAPER: TKB TIMES: It* Force at Work—The Editorial Room: Manager, Fdltorial Writer*, City Editor, Telegraph Kdltor, Illunrator, Reporter*, etc.—Business office, Composing Room; The Mnotype.lllustrated; atereotypo Room, Press Room—The "Columbia" Prow, with iUus tratlODa: circulating Department, with map illustration; The News Agents and Newsboys; Paper Making, The Watchman's Pneumatic Check, etc. EVOLUTION OF A BURGLARY: (Being the history of a nows Item, with graphic Illustration*.) UNIQUE FOUNDATION OF THE "TIMES" NEW PRESS: First fall and Antbenttc Description of a Foundation the like of which never existed alnce time began—compose l of stones, marbles, and other object* of Interest, gathered from many quarter* of the globe, more than 200 In number. WE ARE SEVEN: Fnll-page Illustration, typifying the Counties o! Tx>s Angeles, Ban Bernardino, San Diego, Riverside, Orango, Ventura and Santa Barbara. THE CITY OF LOS ANGELES: IN HIS NAME: Fall page description, containing autheutl- The Chrlsttan Xndeavorers and Their Work, cated facts of present interest. By I. D. Marshall. WHERE THE MONEif GOES: FLORAL GATES A.7AR: . _ , .. . w „_ , , _ , California In Chicago. Letter by Miss H.B. Elaborate exhibit from the Offlc al Records. Freeman, Times Correspondent at the Fair. Srepared under the direction of the Citizen* _ on-partisan Reform AMoclation. YOUTH'S DEPARTMENT: f , .m U How a Poor Boy became a sculptor; by Mrs. w*\An . Oliver Bell Uunce. "Muffin," the Queer George Alfred Town*end on Phase* of the Story of a Patriotic Cat; by T. C. Harbaugb. Fair. (Chicago letter.) Boys, you can have Fun without Firecrack ers: by Anne Isabel Willis. The Swamp BIRTHDAY OF THE REPUBLIC: Fox: by Florence Marlon Hall. The Slap- A Patriotic and Historic Review, pertinent , P»n*Bal; by Conan Doyle. tothe.ea*on. WOMAN'S PAGE: SONGS SUNG IN THE REVOLUTION: Repair*toßeantyt by I«a"b9l Dnnda*. The BUSUBOunuin inn umunuiiun. Serpentine Bodice; by Olivia Bell. Women By Ceyton Saxe. In the Patent Office; by Mda Roie Mctlabe. rrn nmn rrWAVPTff. The Frying Pan-the Rlghv Way to Use It; 'IU Jlllfn nfjAVr-jm. by Margaret Compton: Home made Hot- The Slaughtered Innocents Raise a Despair- weather Drinks; br M. J. Ashton. The lug Cry. By Mrs. nalllnglon Booth. Summer Plasma; by Clara Bunee. OTHER SPECIAL FEATURES: The World's News by Wire, The Eagle, The Southern California Page, Seaside News, City News, Society News, General News, Together with the usual business exhibit in the advertising columns. THE MOST NOTABLE ISSUE EVER PUBLISHED BY THE TIMES . Price stents. For sale by all News Agents. THE TIMES-MIRROR CO., TIMES BUILDING, LOS ANGELES, OAL. CRYSTAL PALACE, 138, 14:0, 142 S. Main St. WE HAVE MADE FURTHER LARGE REDUCTIONS On our entire stock, and will keep up our Immense Clearing Sale For some weeks yet, to close out our RETAIL DEPARTMENT MEYBERG BROS. Dining-Room FURNITURE. CHINA CLOSETS In many sizes and patterns. Made either for the corner or for the side ol the room. SIDEBOARDS In endless variety and all prices. A Tory pretty one for $20. EXTENSION TABLES We have them round, oval and square. In all sizas, and as cheap as 75c per foot' More patterns shown now than ever belore. BUFFETS. A large line at pretty designs. CHAIRS In the greatest variety, In Cane seat, Wood seat or Leather teat. We show many handsome styles and we can please every one. LOS ANGELES FURNITURE COMPANY, 225-227-229 South Broadway, Opp. City Hall. HELD IN MECHANICS' PAVIIJON, SAN FRANCISCO, ENDING FEB. 18, 1893. GRAND SILVER MEDAL Colleotlou of Photographs. SILVER MEDAL E, O Kff BPBIM,SBOfaMt T7"T?T> A T FOR MOST ARTISTIC SPECIMENS lIiLUBTRAT kJIJLI V 11/1\ ill HjU AJj ln «" tne Pl»t»notype, Atisto and other processes. SILVER MEDAL I™*™ ST A ™? TIC A » KANGEJtJtI ' T - » "Four Medals Out of a Possible Four." SaV w | 220 SOUTH SPRING STREET. jSMfflaaJS The Herald BOUNDLESS BADLY BEATEN The Rich Realization Stakes Won by an Unknown. —#• A Troubadour-Sunbeam Colt Captured the Prize. The Winner of the American Derby Finished Next to Last. Helm Nichols Win* the Queen Isabella Stake* — The Oorbett - Mltchel 1 Matoh—Other Sporting Event*. By the Associated Press. New Yobk, July I.—The rich Realisa tion stakes were contested for at Sheeps head Bay today, and won by Brown & Rogers' unnamed colt by Troubadour, out of Sunbeam, after a most exciting finish, with Jarnee R. & Foxhall Keene's St. Leonard's second, and Sir Walter third, while Boundless, the winner of the American Derby at Chicago last Saturday, was badly beaten and finished next to last. It was a beautiful day, and a very large crowd was present. St. Leonard's was the favorite in the books at even money, Boundless being second choice at Bto 5. Sir Waller was third choice, and the Sunbeam colt next. In the start Sir Walter and Ramapo had a slight advantage, but Accident eet out to make the running and kept the front until nearing. the far turn ib the back stretch. Then Sir Walter and St. Leonard's moved up, the pace quick ened and Accident dropped to tbe rear, where he eventually finished. Bound less also had enough just before the turn for home, and a groan went up from his thousands of backers as he dropped toward the rear. Sir Walter was first in the stretch, St. Leonard's catching him rapidly. Sud denly tbe Sunbeam colt poked his muz zle in front and a furious finish followed, during which he held his place, despite all the efforts of the jockeys of St., Leonard's and Sir Walter to get to the front. The track was good. Summary: Seven furlongs—Lifeboat won. Faith ful second, Ingot third; time, 1:30. Six furlongs—Hornpipe won. Declare second, Galilee third ; time, 1:12 1-6. Seven furlongs— VValcott won. Oar toon second, Vagabond third; time, 1:23. Four furlongs—Kazan won. Faustina (solt; second, Little Virata third, Hue, 0:493,. One mile and five furlongs—Sunbeam (colt) won, St. Leonard's second, Sir Walter tbird ; time, 2 :S0 3-5, Ramapo, Boundless and Accident also ran. Six furlongs—Sirocco won. Kingston second, Promenade tbird; time, 1:13 1-5. The following table shows the win ners of the realization stakes in previous years. Year. Hone. Weight. 7 imp. 1889— Salvator 12 J 2:61 1890— Tournament 108 2:51 1891— Potomac 119 9:51 J 80/—Tammany 110 2:50W 1893—Sunbeam colt 107 2 SO/i The value of the race fluctuates from year to year, according to tbe number that declare out at $50, or at $25, as the case may be. It is a very easy race to get into and a very hard one to get out' of. The highest value it ever had was in 1889, when Salvator won it; and the lowest was in 1891, when Potomac won it. Salvator's was worth $34,150 to him; and Potomac's was $25,770. The probabilities are that the race' will be worth at least $20,000 to the owners of the wonderful dark horse that has won this, tbe richest of all our 3-year-old events. THE ISABELLA STAKES. McCafferty'a Helen Nichols Captures the Rich Purse. Washington Park, Chicago, July I.— James J. McOafferty's Helen Nichols today won $13,500, the Queen Isabella etaks, easily. She had to race for half a mile as hard as a filly ever raced, and then her only rival, Maid Marian, dropped *behind, and the race for first place was over. The first half-mile was covered in 48' 4 , but the remainder of tbe race was so slow that the time for the mile was only 1:42%. Darevella beat Marian out for the place. Sum mary : Mile and 20 yards—Joe Blackburn won, Rally second, Dundee third: time, 1:43. Five furlongs—Peter the Great won, Anna Mayes second, Pop Grey third; time, 1:02)*. Queen Isabella stakes for 3-year-old fillies, $10,000 added, $2000 to second and $1000 to third, one mile—Helen Nichols (117), McCaffertv, 9 to 10, won by two lengths, Darevella (120), Taral, 12 to 1, second by half a length, Maid Marian (117), Ray, 7 to 6, third by a head; time, 1:43 3-5. Martyrdom, leeie 0., Wampezo, Coquette, Shadow and Gypsy Girl also ran. Mile and a sixteenth—Hasty won, Silverado second, Ja Ja third; time. 1 !*7J$. Six furlongs (heats)— First heat: Glee Boy won, Tim Murphy second, Guido third; time, 1:16%, Second heat: Guido won, Glee Boy second, Luke F. third; time, I:l6J£. Third heat: Guido won, Glee Boy second: time, 1:18. Mile and a sixteenth—Loudon won, W. B. second, Newton third: time, I:46}*. CORBETT AND MITCHELL. The Columbian Athletic Club Secure* the Great Battle. Chicago, July I.—The Columbian Athletic club of Chicago has about clinched the International heavy-weight championship battle between Oorbett and Mitchell. Corbett had already signed conditional articles of agreement to fight Mitchell before the Coney LPS ANGELES: SUNDAY MORNING, JULY 2, 1893. Island club for a purse of $40,000. Pres ident O'Malley of the Columbian club felt sure that Mitchell would never con sent to fight for the Coney Island club if there was any way out of it. He started agents after Mitchell, and in the meantime secured Corbett's sig nature to an agreement which in effect states that If Mitchell will not accept the Coney Island agreement Jtie, Corbett, Will accept the terms of the Columbian Athletic club, namely $45,000. Furthermore, if Mit chell should default and fail to meet him for the title of tbe heavy-weight championship of the world, be agrees to take on, in Mitchell's place, Peter Jack son. Three hours after Corbett had signed, a cable was received from McDonald in London, saying: "Mitchell accepts $45,000 offer. I have signed for him temporary articles pending tUe arrival of final. Have pot.ted £500 forfeit for you with Atkinson of the Sporting Life." Then Dick Roach, Jack MeAuliffe's backer, turned up with a cablegram from Atkinson, saying: "Mitchell and McAuliffe both accept Columbian purses and await final articles." Under the provisions of the articles the club posts a guarantee of $10,000 that tbe contest will be brought to a decisive finish without interference of any sort. The articles of agreement provide that the fight be to a finish and come off between the Ist and 20th days of December, 1893, Qieensberry rules, the winner to take the entire purse without reservation. • London, July 1. —T. A. Edge, an Eng-» liah bicyclist, finished today a 1000-mile road road race, beating the world's rec ord for the distance, in 5 hours 4!) min utes better time than ever before made. During the five daya he had only four hours sleep. CRIMSON AT A PREMIUM. HARVARD WINS THIS COLLEGE BASEBALL CHAMPIONSHIP. The Blne-LocK*'! Tula* Bsaten by Their Rivals' Superior AH - Round PlajlnE—Plenty or Gingnr In the Game. New York, July I.—Crimson banners 'and badges are at a premium tonight. The Harvard university baseball nine conquered the blue-legged Yates at the polo grounds this afternoon and won the college championship. Harvard played with snap and vim, fielded cleanly and hit tbe ball at the rigbt time. The Vales were plucky, but were outplayed. There wbb considerable betting, most of tbe welters be'n<r. laid at ecbae, but tho great mass of Harvard men, having lost heavily on the boat race, preferred to sit still and hope for victory. Yale won the toss and took the field. There were fully 10,000 persons on the ground when the play began. Yale yelled the loudest and longest until the very end, though the Harvard backers were no less demonstrative in applaud ing their team. From the time MaßOn lined out the b;.ll into center field for a clßnn home run to the terminatio.i in the ninth inning, it was sharp, quick work. They put out little Murphy at second and ucopped the ac cumulation of several prospective ecotes. Harvard may be Baid to have won upon general all-round good piny • ing. Yale made bad slip-ups at critical points. When Harvard had won the cham pionship, everything was crimson. The team was fairly smothered, while the Vales walked silently to their carriages, wondering how it all happened. They were out-played and there is no gain saying it. The score by inings: Yale —0 0020000 2—4 Harvard —1 0030002 o—l> Getting Even With Strikers. Topbka, Kan., July I.—A short time ago the daily working time of the Santa Fe shop hands was reduced from 10 to 8 hours. Now an order is issued directing that enough men be discharged to re duce the expenses 20 per cent. The dis charged men are all mechanics and blacksmiths and boilermakers. One of the discharged men said: "The company wants to get even with the strikers. With the exception of two or three, all the discharged men are members of the union, and went out on a strike. I don't know what the union will do about it. A meeting will ba held to night." £ A Pullman Farter Killed. Robeburo, Ore., July I.—A Pullman Bleeper on overland No. 15 this morning about 7 o'clock jumped the track at the north switch as the train was pulling out at Delta. The car turned over against the bank. The Pullman porter, R. Walker, was caught under the car and killed. No others were injured. Roadmaster Mott says he cannot tell what caused the accident. Death of a Noted Sculptor. Nbw York, July 1. —James Alex ander Blankenehip, the sculptor, died today from the result of an operation performed for appendfeitis. He was born in Virginia in 1859. He was one of those who received medals awarded by the world's fair commissioners to artists who distinguished themselves by excellence in their work. The Amalgamated Scale. Pittsburg, July I.—The conference of the manufacturers of the Pittsburg division and tbe Amalgamated associa tion adjourned this evening for one week, without signing the scale. It is said, however, both sides have practi cally agreed on ass rate for puddling, and that the scale will be signed next week. For Bunbnrn and freckles use only Perfeota Face Cream; safe and sure. For sale by A. E. Littleboy, druggist, 311 South Spring street! For bargains in millinery go to Thurs ton's, 264 South Main street, opposite Third. A 1000-Mile "Bike" Record. M'COOK GOES TO DENVER Los Angeles Loses the Army Headquarters. Rearrangement of the Military Departments. The Erstwhile Department of Ari zona Abolished. Colorado, Utah, New Mexico and Arizona Urnnped Together and the Old Department or California Re-established. By the Associated Press. Washington, July L —The president, before leaving Washington yesterday, signed an order reorganizing the mili tary department of Arizona under the name of the department of Colorado, with headquarters at Denver. The de partment of Arizona consisted of tho territories of New Mexico and Arizona, and that portion of California south of the 35th parallel. The new order abol ishes the department of Arizona, and places Arizona, New Mexico, Utah and Colorado in the new department. Cali* fornia is restored to the department of California, with headquarters at Ban Erancisco. This change has been urged by the military authorities for a year past. The headquarters of the depart ment of Arizona was at Los Angeles, placing General McCook', commanding the department, at the extreme western part of hie department. This caused great delay in communicating with army headquarters at Washington, as all matters in his section were sent to him and by him to Washington. With headquarters at Denver he will be at the extreme east of tbe department and in closer communication with Washington. This, it is believed, will effect economy in time and money and will greatly fa cilitate the disbursement of supplies and ammunition. General McCook will command the new department. MILITARY INDIAK AGENTS. The president has appointed tbe fol lowing army officers as Indian agents: Captain A. L. Myer, Eleventh infantry, San Carlos agensy; Captain J.W. Bubb, Fourth infantry, Colville agency, Wash ington; Major H. B. Freeman, Six teenth infantry, Southern Ute agency, Colorado; First Lieutenant E.E.Ben jamin, First infantry, Warm Springs agency, Oregon, and First Lieutenant E. E. Hatch, Eighteenth infantry, Chey enne and Arapahoe agency, Oklahoma. flt7. CIIIPPKWA TROUBLh BNlimi. General Sahorield has received reports from Leech Lake. Minn., indicating that the recent troubles with the Chippewas are at an end. The Indians are satisfied that the shooting of one of their number by Dr. Walker was purely accidental, and the injured man is now recovering. The troops will not be withdrawn for the present. A LETTER FROM EULALIA. The Infanta* Oratltur* to President and rri Cleytolaiifin' Washington, July 1. —The president received au autograph, letter from Princess Enlalia of fipain thanking him most cordially for the hospitality the received from himself and Mrs. Cleve land daring her recent visit to Wash ington. Tbe president declines to make public the text of the letter. THS Hl3 A Til TRIAL. Opening: of the I>efon«e—Slra. McWhirter the Vint Wltnaes. Fkhsno, July I.—The defense in the trial of Richard 8. Heat for the murder of McWhirter opened today. The ses sion, which was short, was characterized by long arguments i.ujection. The first witness called was Mrs. McWhirter, who testified that her husband and Heath were friendly. She said Heath called after the murder and asked to act as pall-bearer at the funeral. She had heard her husband say Heath was a good fellow when not in tbe hands of bad companions or in drink; then he was all wrong. M. M'Parsons tes tified that McWhirter was an intimate friend of Heath. The defense tried to show by tbe witness that he had told Heath and I. M. Luttrell the scandalous story about a young married man's wife and McWhirter, which Hoath after wards told to newspaper reporters in San Francisco; but the court ruled out the evidence. Then followed testimony in regard to the decoy letter sent to Polley, which gave rise to long argu ments on the part of counsel. After wards the court adjourned until Monday. A Bad State for Inani-anee Men. Nashville, Term., July 1. —Owing to the fact that foreign insurance, compan ies are required to file charters with the secretary of state, a conference of insur ance men held here, adopted a resolu tion advising all companies doing busi ness in the state to at once suspend operations. Under the provisions of the law foreign companies which file charters claim they are liable to be taxed on their capital stock. Saventeen companies withdrew this afternoon. So far about half the companies doing business in the state have suspended. Atlantto Steamships. Philadelphia, July I.—Arrived: Ohio, trom Liverpool. London, July I.—Arrived: Etrnria, La Touraine and Waesland, from New York. York, July I.—Arrived: fim bria, from Liverpool; La Bourgogne, from Havre. Death of the Duo d'Uzea, Paris, July I.—The death of the due d'Uzes at Kabenda, Lower Guinea, is announced. Tbe world's (air will cause a rush. Order early. Full stock, good fib, mod erate prices. Oetz, line tailoring, 112 West Tbird street. JSIXTEENJPA»3ES. A s. FORCED TO THE WALL. The Largest Car Works la the Oonntry Compelled to Assign. St. Louis, July I.—The Madison Car company, which was concerned in pro testing a note handled by Post, Martin & Co., a few days ago, assigned at Ed wardsville, 111., today. Liabilities, 11 . -222,000; assets about the same. The workß of the company, the largest in the country, located at Madison, 111., have given employment to 2000 men. It hss been selling a good many freight cars on time, and being unable to realize on accounts, went to the wall. When the newß reached St. Louis it created great consternation among brokers, as all the parties interested are heavily concerned in a number of big local enterprises. The Madison Car works are controlled by what is known as the Granite Mountain people, who are also behind the Merchants' bridge, the Security buildings and a number of mining enterprises. Six months agothe company bonded itself for $500,000. This was used to pay off outstanding in debtedness and eularee the plant, and this is known to have left the company plenty of working capital. The works are running their full working cauacity and turning out between 40 and 50 cars per day. Mejor Rainwater, one of the leading members of the company, says it was embarrassed by paper they had endorsed and which was not paid at maturity. This paper was received by the company in a settlement of accounts, etc. Major Rainwater bad no idea how much of this paper was in existence. The works are located at Madison, at the east end of the Merchants' bridge. The concern is one of the largest of the kind in the United States. It was tbe intention of the capitalists, who operat ed the plant to make the town another such place as Pullman, and the project was meeting with much puecess. IT WAS DOMINION DAY. A CANADIAN" CELEBRATION AT THE WORLD'S FAIR. The Dead March Flayed In Front or the Model or the 111-Fated Battle- Ship Victoria—Preparing for the Fourth. Chicago, July 1. —This was Dominion day at the White City. Canadians pre dominated. This was the twenty-sixth anniversary of the establishment of the present government. The Dominion building was dedicated. The sky was overhuug with clouds, threatning rain. The exercises at the building were en tirely informal. Thsn civic and social organizations formed and marched to the transportation building, where a band played the dead milch ir. front of the model of the ill-fated battleship Victoria; then the procession moved to festival ball where the formal exercises were held, consisting of addresses and music. Despite the threatening clouds no rain fell, and the day on the whole was a most enjoyable one. There were no special celebrations besides those of the Canadians, but a numbsr of building dedications are schedule-it [or next weak, besides the great 4sh of July celebra tion. Mrs. Palmer, president of the board of lady managers, baa issued a call for a special meeting of that body at tbe woman's building, July 7th, to ratify the appointment of the women judges on the juries of award and other mat ters. The arrangement for the Fourth of July celebration are nearly complete. It was thought there would be no par ade, db the ceremonies committee had practically decided not to admit tbe state militia or other organizations free. On hearing this Governor Altgeld tele graphed from Springfield to Director- General Davis that the first brigade of Illinois national guard had volunteered to participate in the parade without pay, but if each soldier had to pay 50 cents admission there would be no troops. Director-General Davis replied this afternoon that troops would be admitted free, and the adjutant-general has or dered General Wheeler, commanding the first brigade, to have his troops partici pate. The attendance for the day is esti mated at about 125,000 paid admis sions. The national world's fair commission met at noon. No quorum was present, so it adjourned till Monday. President Palmer thinks of resigning, being com pelled to be absent a month or six weeks, and not liking to aek for so long a vacation. Mrs. Stanford Acoepta Her Trust. San Francisco, July 1. —Mrs. Jane Lathrop Stanford today signified her acceptance of tbe trust imposed on her by the will of her late husband, Leland Stanford, by filing her petition for the probate of the will and announcing her willingness to act as sole executrix. It appears from the terms of Mrs. Stan ford's petition that she has no intention of availing herself of the provisisn of the will which names four gentlemen as alternate directors if she desires to secure their services. Detonic Will Far Hollar for Dollar. San Rafael, Oal., July I.—The creditors of State Senatar DeLong, who failed last week, held a meeting today and appointed Henry Pierce assignee. Pierce took possession of the property. The liabilities of DeLong aggregate $600,000, but a rough canvass of the assets today confirms the former im pression that DeLong will be able to pay dollar for dollar. A Firebug- Sentenced to the Gallows, Ahotin, Wash., July I,—Charles Myers, who fired the City hotel at Lewistou, Indiana, last March, causing the death of one of the inmates, has just been con victed of murder in the flrot degree and sentenced to be banged September Ist. A Sand Company Fails. Pittsburg, July I.—The Spear White Sand company has assigned. Liabilities, $60,000; assets, $200,000. Stringency in the money market and the complete abut down of the glass factories are the cause. AUUAUAir | iii.ni |l ,( <ttf .A..,i lt)iWt | A PARE THEE WELL. \ THE ARMY HEADQUARTERS t TO BE TRANSFERRED FROnt THIS CITY TO DENVER, COLO- ► RADO. PRICE FIVE CENTS. WHAT WILL CONGRESS DO? Nobody Can Foretell the Ex- tra Session's Work. The Repeal of the Sherman Law Not a Certainty. The House Will Consent, but the Senate Is in Doubt, The Free Coinage Men Will Hake m Stubborn Fight—Rood ilea to Be Adopted to CI. 4S Them Off. I By the Associated Pre** San Fkancisco, July I.—A ipecial from i Washington to an evening paper says: Now that the president has called con gress together the all important ques tion is What will it do? Aa a matter of fact nobody can tell. The house, which is always more amicable to the executive than the senate, will probably repeal the Sherman law, bnt not without a fight. Bland and other free eilver men will exhaust every privilege allowed them under tbe rules to delay the action and will filibuster just as long as they are permitted, but it is virtually set tled by the Democrats that the next house will partake of the nature of the Reed rules* Filibustering will be reduced to the minimum. Indeed it is no secret that the Democrats of the house intend to follow very closely upon the Reed rules in some respects. The house will be organized under pressure. Speaker Crisp will be re-elected. He will ar range the committees expeditiously, and in the mean time the committee on rules, which will be appointed first, will proceed to prepare a code of rules. There will be certain provisions delib erately signed to prevent the friends oi silver from delaying the vote on the re peal of the Sherman act. In tbe south end of the Capitol, at least, the presi dent's programme will be carried out. The opposition at the other end will be more effective. Senators Stewart and Jones [of Nevada, together with other silver advocates, will make a de termined fight. They will oppose the repeal of tbe silver law, un less legislation more favorable to silver be offered as a substitute. That will not be conceded. The Republicans and Democrats who demand the repeal of the Sherman act will insist upon its immediate repeal. There will be no previous question in the senate-, no way whatever of curtailing the debate, ex cept oy fixing the hour for the final vote, and then making it a question of physical endurance. Stewart is a long and enduring talker himself and could consume a week at least. There is no way of changing the senate rules so as to cut off debate. That would not be tolerated. It would be contrary to the established usages. The president him self has entertained a doubt as to whether the majority of the senate would vote to repeal the Sherman act. He is not yet entirely convinced that a majority wilt promptly show upon that aide. THE EXTRA SESSION CALL. It, Was nailed With Joy by the XLoaay Karons of Now York. New York, July 1. —There ia but one opinion as to the effect of President Cleveland's call for an extra session of congress in the commercial community, and that is that it must necessarily im prove matters. For a long time mer chants had been unable to obtain ac commodation at banks at anything like lair rates, for tbe reason that the banks were compelled to husband their resources, because of the uncertainty re garding the future. The local bank officials, almost to a man, pointed to the Sherman silver law as the great disturbing factor. With the removal of what they term the prime cause of the present financial distress, i. c., the compulsory purchase of silver—and nearly every banker whose opinio* is entitled to be quoted agrees that the call for an extra session of con gress wsb only issued after it was reason ably certain that the Sherman law ehould be repealed—the banks of New York are inclined to deal more liberally with merchants. There is already mors disposition to buy good paper but not in any value to speak of. The gain made lies in the fact that the administration having determined to do something to alleviate the distress In financial circles, capital which has been locked up for a long time past, is now Becking employ ment confident that congress will find a way to remedy the defect in our mone tary system. A return to normal rates in the market for mercantile paper may be looked for in the early future. Sales of paper, not prime, were made today at 15 per cent, but the ruling rate for tbe very best names was about eight per oent. Loan certificates for $1,570,000 were issued today to clearing bouse banks, making the total to date $15,800, ---000. The president's proclamation was hailed with profound gratification in financial and business circles every where this morning. Men hi all brunches of business were loud in prune ol Cleveland's action. In Wall street the fact was to a certain extent dis counted yesterday by a rumor that such a step had been decided upon, so that the effect on prices this morning on the stock exchange was not so marked, compared with the close yesterday, bat when compared with the lowest Had opening prices yesterday, or the prima of the day before, the improvement is at once seen to be very great, the differ ence in Borne cases being as much as 8 points. Speaking of the .proclamation this morning,J.Pierpont Morgan,the head of Drexel, Morgan <£ Co., said: "I am perfectly delighted that Cleveland has called an extra session, and think his action will have a very beneficial effect everywhere." George Magoun. of Baring, Magoun & Co., said: "I think tho proclamation is