The San Francisco call. [volume], February 27, 1898, Page 3, Image 3

About The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913

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TO FURNISH MONEY FOR A WAR
MONEY
FOR WAR
ASSURED
Mr. Hanna in Consultation
With New York
Bankers.
The President Told He Can Have
All the Gold He Wants to
Put Into the War
Chest.
NEW YORK. Feb. 26.— Senator
Hanna's visit to New YoTk was
a dual one. He had private bus
iness of a very pressing nature,
and he also came to secure for
President McKinley thp assur
ances of the financial world re
specting: a bond issue. These he
received last night at one of the
most important financial confer
ences ever held in this country.
It was held in an uptown club,
and among those reported pres
ent were President J. Edward
Simmons of the Clearing House,
President Henry \Y. Cannon of
Chase Bank and President Per
kins of the Importers' and Trad
ers' Bank. Represpntatives of
several trust companies and
larger insurance companies
which are heavy investors were
also present. The group which
met Mr. Hanna was empowered
to speak directly or indirectly for.
99 per cent of the invested capi
tal of this country.
Mr. Hanna was given to understand
in unmistakable terms that the ad
ministration could depend upon all the
money support necessary to carry out
any plan of action which might be de
termined upon. A series of bond is
sues aggregating $500,000,000 was sug
gested as a possibility, and was ac
quiesced in by the assembled financiers.
The bankers who participated are
averse to discussing the conference or
its conclusions, and in some cases posi
tive denials have been made. The fact
that it had taken place and was so har
monious had much to do with bringing
ab>.ut comparative steadiness in the
market to-day.
Mr. Hanna, when interviewed to-day,
paid: "My mission here has no bearing
: "ii the great national question which
(I- uppermost in everybody's mind at
present as to whether or not the de
struction of the Maine was caused by
accident or design. I had the impres
sion when the news of the accident first
reached us that it was the result of
f'ime cause on board ship, and I have
not yet changed my opinion. I love
the United States first, and I am not
in favor of needlessly precipitating
thf country into the horrors of war.
"I feel secure with others of my fel
low citizens in President McKinley's
judgment concerning the situation. He
is eminently qualified to solve the prob
lem which confronts us and is not likely
insider it superficially. The man
who does view it superficially is not fit
to be a legislator or an executive. It
is a singular fact that those who are
now inflammatory in their utterances
!"s:arding the Maine disaster and talk
most eloquently about freedom for
<üba have not even, though abund
antly able, contributed a dollar toward
relieving the sufferings of the Cubans.
"I expect to leave for home to-mor
row."
The Finan<ipr says: "The statement
nf the associated banks of New York
city for the wp*k ending February 26
is not as disappointing in its showings
as had been anticipated. The events
of the week made it plain that heavy
decreases were inevitable and yet, as a
result of all the changes, the banks
have reduced their surplus cash only
$2, 729,125, an amount hardly as large as
current engagements of gold for Eu
Patriotic Citizens,
Bear in mind The Call's great Scribner United
States History offer closes March 11. After that
date prices will be advanced 33 1-3 per cent.
The greatest History of Our Country ever pub-
lished. Don't miss it. Five massive volumes,
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cent discount from the regular price.
You are invited to call and examine this work
or telephone Davis 861 and a set will be sent you
Free of All Expense. Out-of-town readers, we
have faith in this work and in your judgment,
and will take pleasure in sending you a full set
free of all expense. State binding preferred.
When you see it you will want it.
Address the SAN FRANCISCO CALL.
Remember, March the 11th is the last day.
rnpo. The actual loss in specie and legal
tenders was $7,418,400. but this was par
tially offset by an increase of $2,353,700
in specie, making the net loss for the
week $5,065,700. The specie apparently
went into half a dozen of the larger
banks.
"It is interesting to note that of the
I entire cash reserve of the New York
I banks, at least 68 per cent is held in
< the form of specie. The loss in. cash
was brought about by the heavy ship
i ments to the interior and payments
! into the treasury, but the full extent
of the former is not shown in the
j statement. While the larger part of
I the money now being withdrawn from
New York is doubtless in response to
increased demands due to better trade
i conditions, some of it reflects the un
settled state of excitement prevailing
as regards the future.
"But the New York banks generally
lose a portion of their excess balance
at this season of the year. In 1897,
between the latter part of February
and the end of March, the excess re
serve fell off $11,000,000. The loss dur
ing February, this year, has been
twelve and three-quarter millions. The
reserve, however, is now about one
half of what it was twelve months ago,
so that the loss affects the market
rather more acutely.
"Still, the sensitiveness of the situa
tion and our strong position as regards
international balances are well shown
in the fact that even the light increases
in rates last week have started gold
imports. A continued firm market will
only emphasize this factor. For the
moment the demoralization of the stock
market, the heavy liquidation and real
izations have contracted the loan item.
There is nothing, however, indicating
that money is going to be excessively
dear, even should complications arise.
A study of. the past week's operations
illustrates perfectly the direction in
which relief can be looked for. In
other words, our money loaned abroad
can be made instantly available "
Russell Sage gave out the following
authorized interview to-day:
"From all the information received
there is little doubt in my mind that
our warship was blown up by outside
agencies, and if the naval commission
so reports the time for action has
come. There should be no wavering.
This Government must demand the
fullest reparation, and that without
delay. Whatever action for war or
otherwise President McKinley may
take he should and will have the full
est support from both rich and poor,
Republicans and Democrats. There is
no question as to where the rich stand.
In the Civil war, wtien it broke out, I
bought Government bonds, and I did
the same thing in 1564. So did other
rich men. We had confidence in our
Government. If the necessity arises
now I will do the same thing again
generously, and so will other rich men
that I know of. I am an American,
first and last, and propose to stand by
the flag.
"Party lines will be dropped. As to
the stock market, that has got to take
care of itself for the present. The
ticker is now a secondary considera
tion. The honor of the Government
comes first. I speak not only of my
own views, on this point, but those of
other moneyed men with whom I have
talked. Another thing, the families
and dependents of every sailor killed
on the Maine must be taken care of.
THE SAX FRANCISCO CALL, SUNDAY, FEBRUARY 27, 1898.
SENTIMENT OF
FOREIGN PRESS
English Newspapers Do
Not Believe War
Is Near.
But They Praise the Firm
Stand Taken by the
President.
El Pais Says the War in Cuba Will
Only End When Spain Sends nn
Army Against Uncle Sam.
Special Dispatch to The Call.
LONDON, Feb. 26.— Sensational dis
patches, purporting to report alarm
ist utterances of President McKinley,
Secretary Long and other officials, are
beginning to affect public opinion on
this side of the Atlantic, and create
the impression that possibly there may
be truth in the reports which allege
that the loss of the Maine was not due
to accident, as at first believed here.
Although war between the United
States and Spain is still regarded as
Improvable, the disposition in the city
is to regard the apprehension respect
ing Cuba as altogether exaggerated.
The Statist points out that this is a
grave mistake, "as, apart from the
sentiment, the material losses inflicted
upon Americans by the anarchy In
Cuba must not be belittled."
The Statist believes, however, that
President McKinley is strong enough
to resist the pressure, and congratu
lates him upon the 'firm and states
manlike qualities which the immediate
responsibilities of his position have de
veloped," and upon the honorable and
noble prnciples which he enunciated at
Philadelphia when he quoted Washing
ton.
"At the same time," continues the
Statist, "we realize that the President
cannot afford to quarrel with his sup
porters if the latter press war."
The Saturday Review is of the opin
ion that the 'affair is gravely threat
ening," and comments upon the sileneo
of the Court of Inquiry into the loss of
the Maine as being "ominous," as in
the "nervous anxiety of President Mc-
Kinley and his Ministers to avoid a
rupture with Spain, they would ob
viously have hastened to publish any
thing which would help to stop the
mouths of Senators Mason and Allen,
who, with the assistance of certain
newspapers, are yelling for instant war
in the best jingo style." ,
Proceeding, the Saturday Review re
marks: "Secretary Sherman, having
been silenced by the simple process of
not allowing him to know anything, the
executive has lately kept the secrets
admirably, but it is shrewdly suspected
that the pacific position of President
McKinley is largely owing to the. re
ports of his naval advisers to the effect
that America is not in condition to go
to war with Spain with any certainty
of an immediate and overwhelming
success. The Spanish fleet is not to
be despised, and South American re
publics have not displayed any love
for their northern sister. But all this
will not prevent the jingoes forcing the
President's hand if a scrap of evi
dence implicating the Cuban authori
ties becomes public."
The Spectator is certain that the
United States Government, "whether
moved by information from Europe or
being only desirous of peace, is anxious
CONSUL-GENERAL FITZHUGH LEE.
to avoid war." Still, apart from the
loss of the Maine, the Spectator thinks
that the harrowing consular reports
from Cuba may so fire the Americans
that they will insist upon their Govern
ment ending such miseries within
American waters.
The Spectator then proceeds to re
peat the reported war preparations in
the United States, and concludes: "But
grave persons everywhere in the Union
are waiting for evidence and are not
Inclined for war unless the honor and
policy of the country really require
It."
Advices received here from Madrid
siviw that while the revolut ionary or
gans, such as El Pais, ar>' shrieking
denunciations and threats, the respon
sible newspapers have adopted ;i con
ciliatory attitude. For instance. El
Liberal, in a leading article, made a
sympathetic reference to Washington's
birthday and expressed approval of
President McKinley's Bpeech at Phila
delphia, considering it to be a "rebuff
for those seeking to embroil the
T'nited States and Spain." and express
ing the hope "that the President's ac
tion will be in accord with his words."
In conclusion El Liberal says:
"Time will tell, but for the present we
ought to cry a truce to suspicions and
animosities in honor of the memory of
the great man who. in addition t<« lay
ing the foundation for the liberty of
his people, contributed as few others
have done to the redeeming and dig
nifying of human conscience."
The Ministers declare that the pes
simistic views of the Spanish pn-ss are
"only the echo of the sensational state
ments made by certain American
newspapers."
SPANISH PAPERS
PLEAD FOR PEACE.
CopyrißMfii. iw. by Jamrs Gordon Bennett
MADRID, Feb. 26.— The tenor of dis
patches from Havana published in
some of the American papers muses
the utmost surprise here, where Amer
icans until now have been considered
"onl f.nd calm in their judgments. Borne
papers publish a list of serious reports
published in the New York papers cf
l?te, one after the other being proved
untrue, and many comment especially
upon the Herald's tone. Public Beoti
mfnt here is quite calm. The Min
isterial statement issued, after regret
ting the credulity given to false re
ports, says that no incident has oc
curred which can alter the friendly re
lations between Spain and the United
States, and that the unfortunate disas
ter to the Maine, even if the explo
sion came from a malicious hand, can
lead to no complications. El Liberal,
Senor Sagasta's organ, after referring
to the troubles as adjusted, says that
the all-important Question is the
prompt pacification of Cuba; that it is
urgent and cannot be delayed.
The Globe heads a leader with Gen
eral Woodfords ringing words printed
in English. "Peace Forever." The Im
parcial, generally a jingo, even talks
of peace and urg"es action toward as
suring it. It says: "Everything now
depends upon our soldiers in Cuba to
quell the war. It matters little what
expeditions are sent out from the
United States, our troops in spite of
them should be able to extinguish the
opposition in two and a half months
before the rainy season. Diplomacy has
smothered all other difficulties, if the
war in Cuba does 'not terminate it is
the fault of our soldiers. If a war oc
curs with the United States It is the
fault of a few journalists."
The Dolphin to Be Made Ready.
WASHINGTON, Feb. 26.— The Dol
phin is to go into commission in New
York on the 24th of March. Although
rated as the President's yacht, the ves
sel, which has been thoroughly over
hauled and furnished with new boilers
and decks, carries even now a suf
ficient battery to make her, when
speed is taken into account, a very ef
fective gunboat. Her personnel will
remain the same as before she went to
the yard for repairs last fall.
Advances made on furniture and pianos, with
or without removal. J. Noonan, 1017-1023 Mission.
NO TIME CAN
NOW BE LOST
Bodies From the Wrecked
Maine Should Be
Recovered.
Arrangements Made for Send
ing the Remains to Key
West for Burial.
It Is Believed That the Corpses of
Jenkins and Merritt Can Be Identi
fied by the Uniform.
Special Dispatch to The CaJL
Call Office, Riggs House,
Washington, Feb. 26.
In the absence of news from Havana
on any subject other than the disposi
tion of the dead bodies, the official
mind turned to-day to an analysis of
the Spanish statements, made with
more or less degree Of official sanction,
respecting the total absence of sub
marine mines from Havana harbor,
and it was regarded by the Navy De
partment as negativing the mine theory
of an external cause of the explosion,
just as recent letters put an end to the
exploding boiler theory as an internal
cause for the disaster.
Nothing was heard to-day from the
court of inquiry, and the department is
still ignorant of its plans. In fact, the
only news coming direct from Havana
to the Navy Department during the
day was contained in the following
dispatch from Captain Sigsbee:
••HAVANA, Feb. 26. — Have succeed
ed in making arrangements by which
bodies may be sent to Key West in
hermetically sealed zinc cases. Refer
to Forsythe for burial in Key West.
Probable that bodies hereafter cannot
be recognized. Probable that bodies
will not .remain intact. Condition of
bodies requires immediate action. Jen
kins and Merritt may be recognized by
uniform. Can secure health permit at
Key West to land the bodies there.
Divers cannot get down aft after
bodies this morning. Much debris.
Will clear it away. Wainwright placed
in charge of wrecking matter."
The following reply was sent:
"WASHINGTON, Feb. 26.— T0 Sigs
bee, Havana: Referring to your tele
gram of this date, send bodies that
may hereafter be recovered to Key
West for burial. Send by Bache.
"LONG."
To Key West a dispatch was for
warded as follows:
"WASHINGTON. Feb. 26.— T0 Naval
Station, Key West: Sigsbee ordered to
send bodies that may hereafter be re
covered to Key West for temporary
burial. Will arrive in hermetically
closed zinc cases. Make necessary ar
rangements. Bodies will arrive by
Bache. LONG."
It is believed at the department that
there are probably in the neighborhood
of fifty bodies remaining to be dis
covered and extricated from the wreck.
Only One Boat at Havana.
NEW YORK, Feb. 26.— A Washington
special to the Herald says: The dis
patch boat Fern will be left /or the
present to safeguard American inter
ests in Havana harbor and Lieutenant
Commander Wainwright will represent
the Government in wrecking opera
tions. Secretary Long told me to-night
that he had not determined when to
dispatch the Montgomery or Nashville
to the relief of the Fern. It is the gen
eral impression that no orders will be
issued for the dispatch of a ship on a
peace mission to Havana for some time.
FITTING
OUT THE
WARSHIPS
Vessels of the Navy Now
Being Prepared for
Action.
Monitors Are Also Assigned by
the Department for the De
fense of Various Ports
on the Atlantic.
NEW YORK, Feb. 26.— A Washing
ton special to the Herald says: Be
sides providing for the naval defense
of the port of New York, the Navy
Department inaugurated measures to
day for replenishing the magazines of
men-of-war attached to the North At
lantic station, and for securing a large
supply of coal. Secretary Long issued
orders soon after his arrival at the
Navy Department this morning to
Captain Nicol Ludlow, commanding the
Terror, directing him to take his ves
sel from Hampton Roads to New York,
and to remain there until further or
ders. Captain Ludlow appreciates the
reason for the orders is the desire of
the administration to protect New
York. It is believed by the Navy De
partment that the only contingency to
be feared in the event of hostilities
would be the sending of an armored
cruiser to an undefended port to do as
much damage as possible and then get
away. It is proposed by the authori
i ties to keep the North Atlantic squad
; ron in Florida waters, and it is, there
; fore, considered advisable to have
Charleston and Port Royal defended
by the Amphirite, Baltimore, Washing
ton and Norfolk by the Puritan, which
will drop down to Hampton Roads
within the next two weeks; Philadel
phia by the Miantonomoh, which will
shortly be placed in commission, and
New York by the Terror.
These monitors, the department be
lieves, can take care of any cruisers
which might be sent against the ports
named. The department's scheme for
the defense of ports along the New
England coast has not yet developed,
but it is expected within the next week
that precautionary measures will be
adopted. It was admitted at the de
partment to-day that the movement
of the the Terror was the result of the
departure of the Spanish cruiser Viz
caya from New York yesterday.
"The department proposed," said an
official to me, "to send the Terror to
New York, and would have done so
several days ago had it not been that
it did not care to menace the Spanish
visitor. Had the Vizcaya's captain an
nounced that he intended to remain an
indefinite period in New York harbor,
the department would at once have
sent the Terror."
I understand that orders to fill the
magazines of the vessels of the North
Atlantic squadron are in accordance
with the department's desire to be pre
pared. It was said to-day that many
of the ships had thus been engaged
in target practice and had thus shot
away many rounds of ammunition.
The department proposes to assemble
all additional supplies of powder and
shell at the New York and Norfolk
navy yards and at the Key West sta
tion, where ships will take them on
board.
Although it is generally believed that
the navy has not sufficient ammuni
tion to fight a battle, I was informed
to-day there was enough on hand to
fill up all of the ships of the navy, with
a little to spare as a reserve.
Commander R. B. Bradford, chief of
the Bureau of Equipment, appeared
j before the House Naval Committte to
j day and urged that the committee ap
: propriate $100,000 to be immediately
• r 'lable for the purchase of coal for
the naval ships. Commander Bradford
explained that the appropriation made
* for the present fiscal year would soon
be exhausted and that additional
money would soon be needed.
In case the committee should author
ize an appropriation and it should pass
there is reason to believe the depart
ment would immediately purchase
large quantities of coal to be shipped
to Key West and other points picked
out by Commander Bradford on his re
cent trip along the Florida coast. I
understand Commander Bradford has
urged upon- Secretary Long the neces
sity of securing coaling stations
as the most important necessity in case
of a naval war.
Shipments of guns from the Wash
ington gun foundry to the Brooklyn
Navy Yard, orders for which were is
sued yesterday by the Navy Depart
ment, as told in the Herald this morn
j ing, will begin next week, me foun
dry will equip guns with sights and
! generally put them in condition for im
| mediate service before shipping them.
j The first lot to go will consist of twen
ty-two 5-inch guns and mounts and
j ten 6-lnch guns and mounts. Four-
I teen of the 5-inch guns were manufao
i tured for the cruiser Chicago and six
of the 6-inch guns for the cruiser At
lanta. In case of immediate emergen
', cy it is recognized by department of
ficials that it would be impossible in
j the present stage of repairs to the Chi
cago and Atlanta to arm them and the
weapons intended for them would con
sequently be placed on auxiliary
cruisers. _^_^^_________
WILLIAM TALKS
OF THE DISASTER.
Germany's Emperor Evidently Be
lieves It Was Solely Due to
an Accident.
BERLIN, Feb. 26.— With the carnival
ball on Tuesday, the season's big court
fetes ended. At this ball, which was
attended by the whole of the Embassy
and 2000 guests, court etiquette is al
ways relaxed. The Emperor chatted
with the Embassadors and others quite
informally. His Majesty conversed at
length with United States Embassador
White and spoke admiringly of the
children of Mrs. Wlborg, a niece of
Secretary Sherman. He said it was a •
revelation to himself and the Empresi
to meet such well-bred American chil
dren, as the latter are generally be
lieved in Germany to be lacking in
manners. "*.nt," the Emperor added,
"if the Wiborgs are the typical Ameri
can children, then the latter have been
grossly maligned." His Majesty also
spoke of the American comic papers
and the excellent drawings in them.
The conversation turning upon the
loss of the battle-ship. Mr. White
thanked the Emperor for his telegram
of sympathy sent to President McKln
ley, particularly because it was sent in
English and was thus understood bjr
every one in America.
Emperor William pooh-poohed Count
Yon Aran's remarks in the Reichstag,
criticizing President McKinley for his
alleged lack of courtesy in not fram
ing his reply in German, saying the
cases were not similar. His Majesty
further remarked that the disaster wag
doubtless due to an unlucky accident
and not to the work of a Spanish fa
natic, adding that all the evidence
pointed that way.
Incidentally, the Emperor said he
had been misrepresented by some
American newspapers as to his dislike
for Americans. On the contrary the
Emperor said he liked many traits in
the American character.
HASTENS THE WORK
ON THE PRINCETON.
Chief Constructor Hichborn Pays a
Visit to the New Gunboat.
NEW YORK. Feb. 26.— Chief Con
structor Hichborn reached Camden
late this afternoon and made his way
quietly to the shipyard of John Dia
logue & Son at Kaighns Point, where
the gunboat Princeton is being built.
He and Mr. Dialogue held a consulta
tion privately, left the office and went
unaccompanied aboard the Princeton.
After the inspection of the gunboat
Hichborn left the shipyard at once,
reached Philadelphia by the nearest
ferry, and no one seemed to know what
became of him. In fact. Mr. Dialogue
seeemed unwilling to even admit his
visitor's identity, but finally did so.
The Princeton has been lying in the
Delaware, receiving but little attention
for several months.
"The Government was in no hurry
for the boat," explained Mr. Dialogue
to me to-night, "so we attended to pri
vate work. Last week we received or
ders to make some alterations in the
placing of guns, and have been attend
ing to them."
"What had the Chief Constructor to
say about the Princeton to-day?" I
asked.
"Nothing, only that the Government
wants her," he added.
"Did you fix a time for delivery?"
"Not definitely: she is practically
ready for sea," said he, "all except re
pairs."
"Will she be finished and ready for
sea in a week?" I asked.
"In very little over that time," he ad
mitted. "An extra force will go to
work Monday morning, possibly to
morrow."
Mr. Dialogue is at tHe shipyard to*
night as a result of Hichborn's visit.
ADVERTISEMENTS. \
WHs&fflffii^i^-v,. '[ When in ir.noceni
iHIBM-^fifiSlr^ InlatlI nlat1 ' s J ;u ' c 'd by
flHSffl^iiP^ to ' come out the
PHgJjKfIUT^ «ame way he went in.
IflHßraai He may break jail and be
afJßgy caught and put back again.
NJKXjv He'd rather have the door un-
BBtjy locked and walk out and
HffiV uav out.
BfHfl A sick man is a prisoner in
Ktjfll ■ the jail of disease; he has gone
■MEfi in by some door of carelessness
vjlßnPi or neglect or irregular living,
and he must unlock this same
. door by careful, sensible habits
if he wants to be a free, well man again.
If dyspepsia and biliousness or constipa-
tion is the way he got into disease, he has
got to overcome just those troubles before
he can get out. . -
The majority of diseases begin with some
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; ; In ■ obstinate constipation the " Discov-
ery" should be used in conjunction with
Dr. Pierce 's: Pleasant Pellets, the most nat-
ural and thoroughly scientific laxative ever
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vigorate the stomach, liver and bowels.
One is a gentle laxative ; two act as a mild
cathartic. .• • .' .
" My wife had suffered for seven years with dys-
pepsia, sick headache and costiveness," writes
: Mr. Alonzo D. Jameson, of Dunbarton, Merrimack
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