OCR Interpretation


Las Vegas daily optic. [volume] (Las Vegas, N.M.) 1880-1908, August 04, 1896, Image 1

Image and text provided by University of New Mexico

Persistent link: https://chroniclingamerica.loc.gov/lccn/sn86063592/1896-08-04/ed-1/seq-1/

What is OCR?


Thumbnail for

ihAS VE(SA
lyop
VOL XVII.
EAST LAS VEGAS, NEW MEXICO, TUESDAY EVENING, AUGUST 4, 1890.
NO. 230
' ,7' .
Jr-
AN $8,000,000 FAILURE
Moord Bro9., of Chicago, Owners
of the Diamond Match
" Co., go Under,
STOCK MARKET PARALYZED
Silver Conventions . To-day In
Kansas and Minnesota With
Fusion in Plenty.
ENGLISH PAPER'S OPINION
; Wall Street, N. Y.t August
The fillure of Moore Brothers, of Chi
etkzo. the promoters of the Diamond
Match company and the New York Bis
cult ' company, bad a demoralizing
effaot on stoolt prices here at the open
in to-day. Euarmouj amiuat of the
leading issues were thrown on the mar
ket and prices dropped 1 per cent, o
so between sales. The loss during the
first ten minutes of business ranged
from 1 toSH Ptr cent ., western stocks,
like Burlington, Northwest and St.
Paul, being the greatest sufferers.
I'NKAST AT CHICAGO.
Chicago, 111., August 4. Brokers
about tbe stock exchange this morning
felt as if they were treading on a vol
cano. Never in the history of the ex
change has there been suoh suppressed
excitement. The failure of Moore
Brothers and the collapse of tbe DI--
Bjona Match company is the taik of
everybody, and took precedence over
every other question. How many oth
ers on exebacce besides Moore Bros
would be affected in the big smash-up,
or to what extent, no one dared to say.
. All felt tbe peril of the hour. ' It is be
lieved that the Moore failure will ag
gregate between 97,000,000 and f 8,-
000,000. Suoh is the sum mentioned
' by a bank president especially close to
v tbe speculators during their darirg and
dazsUng reign. At the usual hour of
opening, the stock exobange was filled
with a mob, but no business is being
transacted. Groups are gathered here
and there, discussing tbe turn of affairs
and everyone seemed waiting for some
announcement more definite than the
notice posted on tbe doors whlob reads;
Exchange Is adjourned, subject to ao
tion of tbe governing committee. J
A. Wilkins, secretary."
The governing oommittee met at
9:80 and promise a statement later in
the day,
SOME PARTICULARS.
.', All Information regarding tbe failure
is refused at Moore Brothers' office, this
morning. The two brothers held $5,
000,000 worth of Diamond Match stock,
the balance being held by a great many
stockholders. When tbe stock ran way
up, these stockholders sold out steadily.
Moore Brothers bought everything
without flinching, so that the minority
of the stockholders are all winners,
while the Moores lose $8,000,000. It
is said a pool will be formed to take
care of Diamond Match stock, it being
intrinsically very valuable. - " "
- At 10 :S0, the governing committee
of tbe Chicago stock exchange went
into executive session. The exchange
has adjourned subject to call of tbe
committee. It is hoped that the Dia
mond Match stock now out, oan be
yndicated at 1 70. . If such action is
taken it is possible the failures result
ing from the collapse ot Moore Bros-,
will be much lessened. Chicago banks
and bankers who hold approximately
4,000,000 worth of Diamond Match
utock as collateral for tmney loaned,
will not press tbe borrowers for a set
. tlement, and . will accept , Diamond
' Matoh stock, owned by Moore Bros.,
at a cash value of 1.70.
SATS THE STOCK IS GOOD. -
-The governing oommittee, of the
stock exobange held a short session,
and the selection of a sub committee
was given to Malcolm Jamies'on, who,
electing five others, visited J. H.
Moore. After a short conference, the
gentlemen emerged front , the private
. , , . i ii
pleased and satisfied. None would
talk, but -Mr. Moore said: "There
evill be nothing given out to dy, but
you can say in a general way that tbe
atock will be taken eare of. The stock
is as good as gold, and nobody is go
ing to be badly hurt."
OTHER FAILURES.
Coicmbus, Ohio, August 4. The lum
ber firm of lundon & Bergin went into
the bands of Henry J. Caren, receiver,
to-day. Assets, 250.000; liabilities,
. 140,000.
Stklbsnvillb, Ohio, August 4
The Brilliant tube and pipe works, at
Brilliant, Ohio, mi.de an assignment,
to-day. Assots and liabilities unknown.
Five hundred hands are thrown out of
employment.
De troy 1 by Fir..
Fhk.adei.phia, Pa , August 4 The
cnaia building of tbe extensive phos
phate and fertilizer works 'of Baugh
Hons ft Co., was destroyed by fire early
tfaii morning. Loss, 9200,000.
-'. Coatrewmaa Re-nominated.
JYinteoset, Iowa, August 4 Hon.
Jab a A. T. Hull, of Des Moines, was
to-dyr re-nominated by the republican
congressional convention of tbe seventh
Iowa district as its candidate for the
fifty-fifth congress. He was first
elected to the fifty-second congress and
faas served continuously, since that
iime, -'. 'J
Th. Mortoa Party.
New Yobk, "N, Y,. Aognst 4
A goodly contingept of tbe Morton
-family sailed, to-day, 00 tbe steamer
-Lahn" for a lengthy tour ot Europe
In tbe. party were Mrs. ' Paul Morton
nd Mrs. Joy Morton, dughters-in-
Jaw of Secretary of Agriculture Mor
on, aad tbe following grandchildren:
"Tbe Misses Caroline, Pauline and Jean
f of ton and Muter Sterling Morton.
FUSION IN KANSAS.
Th.
Democrat. Mart To-day, th. Pop., T.
morrow, with Fusion la Sight.
HUTcniNtON, Kas , August 4 The
democratic state oonventioa has at
tracted tbo leaders ot that party, as
well as the rank and file, from all over
tbe state. To-morrow tbe populists
bold tbeir state convention at Abilene,
and the program as It Is mapped out
provides tbat to morrow's convention
shall endorse the Bryan and ' Bewail
eleotors that shall be named by tbe
democrats to-day. and tbat to-morrow
tbe populists shall nominate' candi
dates for state officers, the names of
tbe nominees to be telegraphed to the
democrats for endorsemeat. There is
opposition to this plan, however, on
tbe part of a good many populists, who
desire to support Watson for vice
president and will not consent to the
electors being for Sewall. ..Oa tbe
other hand, some of the democrats are
opposed to giving the populists tbe en
tire state ticket, and favor tbe nomina
tion for the head of the ticket of ex-
Governor George V. Click.
These differences, however, may be
adjusted by a oocferenoe committee
representing botb elements. U. 8
Senator Feffer claims that, as a result
of fusion, Bryan will carry Kansas by
50,000 majority, and ex-Senator Jobn
Martin agrees with tbe statement. On
the other hand, Cyrus Leland, the
bead of the republican party In the
state, declares tbat MqKlnley vand Ho-
bart will have tbe biggest majority ever
given to republican candidates in tbe
Sunflower state.
silver men m Minnesota.
Minneapolis,' Minn., August 4
The democratic state convention, to
day, is an out-and-out 16 to 1 assem
blage, and will adopt resolutions to
tbat end, despite tbe fsot that Mr.
Lawler, who represents the state on
the sound money national oommittee,
insists that the gold standard demo
crats are in an overwhelming majority
in tbe state. Tbe ticket to be nomi
nated by tbe present convention will be
approved by both tbe republican silver-
ites and tbe populists, and all three
parties will fuse on it and the presi
dential electors. Tbe slate, this morn'
ing, is John Lind, for governor; ex
Mayor P. B. Winston, of Minneapolis,
for lieutenant-governor : K. B. Corser,
for treasurer, and Hermaa Stocken.
strom for secretary of state. For at
torney-general the republican silver-
ites favor Pierce Butler, while (be pop
ulists ask for John Arnold Keyee. The
candidates for treasurer and secretary
of state have hitherto been prominent
in republican councils.
Minneapolis, Minn., August 4. Tbe
democratic state convention assembled
in exposition ball this morning with a
full attendance. Tbe meeting was
called to order by Chairman McDer-
mott, Ex-Speaker Cbamplin was
chosen temporary chairman by accla
mation. He accepted in a brief speech,
in which he took strong ground for
free silver coinage. Aiier the election ;
of secretaries and appointment of com-
mittees, a recess was taken, nntil alter
noon. John Lind, a silrer candidate,
will be nominated by acclamation for
governor, and if the agreement On the
fusion made last night with the popu
lists be carried out, tbe platform will
be radically for free coinage. ;
IN MISSOURI TO-MORROW.
Jefferson Citt, Mo., August 4
The advanoe guard of the democratic-
state convention, which meets here to
morrow, is already on tbe ground and
the headquarters of the different can
didates have been peneed. Chances
favor L. V. Stephens' nomination for
governor. - The platform will endorse
the declarations of tbe Chicago .con
vention. - , v
AN ENGLISH OPINION.
Extract. From an Editorial In One ol England's
Leading Papers.
Washington, D. C, August 1. On
the eve of the opening of tbe demo
cratic convention at Chicago, and
when it was already trident tbat the
silverites would be in .'overwhelming
control, a member of tbe oabioei
cabled to a friend in London asking
that there be sent to Mm copies of all
newspapers, magazines and other pub-
ications commenting upon the conven
tion and its outcome. Of the mass of
matter received, probably the most ex
traordinary excerpt is iu an editorial
from the times and Echo, a radical
paper with half a million circulation,
owned by Passmore Edwards, a
wealthy . philanthropist. Here are a
few extracts from the editorial in ques
tion :
The election oi Mr. W. J. Bryan
seals the adherenoe of tbe democrats to
the silverites - It is by no means cer
tain that Mr Bryan may not be elected,
and if he should be, and congress de
crees that silver, which is worth to-day
balf-a-orown a pound, shall be worth
five (hillings, and that "all national
gold bonds sball be paid in sliver,
tbe great capitalists who forced Mr.
Gladstone to occupy Egypt will com.
pel any government in office here to
declare war against America. If the
republicans win, the west and the
south will throb with violent indigna
tion tbat may bring about civil war.
As far as any real comprehension
of socialism goes, the American work
ers are probably years behind ourf elves.
But the Americans learn fasti Just as
iu the great civil war, slavery was the
real question at issue, and not tariffs,
and the fight had to be fought nntil
the north recognized that; so behind
the silver question, and the party
squabbles ot republicans and demo
crats, socialism beats to-day with ever
rising waves. It the rival thieves at
last oome to blows, they may find that
they are but the instrument of a force
tbey eannot gauge, but which is irre
Bistable." A stage line between Trinidad and
Catskill will be put on until tbe rail
road is repaired. '
MINERS ENTOMBED
Forty. Miners Entombed in
Colliery in Wales and Their
Fate Unknown. '
TWO DEATHS IN A WRECK
Situation Still Unchanged at the
Brown Hoisting Works,
Clereland, Ohio. "
THE ALABAMA ELECTION
London, England, Auerust 4.
despatch from Neath, Glamorganshire,
Wales, states tbat an explosion of fire
damp ooourred in the Bryan Coaoh
colliery, tbis morning. Forty miners
are imprisoned, but whether alive or
dead Is not known.
Alabama Ooef Free Silver.
Montgomery, Ala., August 4 The
returns are now nearly all In, and
show Johnson, demoorat, free coinage,
-, . . i jt aaii . . . mi .
eieuieu oy o,uuu majority . j.ne legiB'
lature is also democratic.
Death. In Wreck.
Shahokin, Penn., August 4 In
freight wreck and powder explosion on
the Philadelphia & Reading, at Weldys
siding, this morning. Engineer Michael
Smock and Conductor Alex. Smltl
were killed and Fireman Dreishbak
seriously injured.
Th. Shooting Tournament.
Chicago, Illinois, August 4. There
was a large attendance again to-day at
the great sbarpshooting tournament at
Watson's park. The principal feature
of the program this - afternoon is two
raoes, one of ten and one of fifteen
birds. The team contest may also be
Inaugurated late in the day.
Labor In England. -'
London, England, August 4. The
report of the labor department of the
government board of trade for the
month ending July lath, demonstrates
that an average of increase of twentv
per cent, in wages has been effected.
Of 43,000 wage-workers affected by
ohanges in their scale of wages, but
3,000 sustained a change for tbe worse.
Tbese were mostly tbe employes of
blast-furnaces in the northwest of Eng
land. The number of unemployed is
bat 8.3 per cent., as against 5.6 per
cent, for tbe same period last year.
The Flower Carnival.
Colorado Springs, Colo., August 4.
The second day of the annual flower
oarnbal was marked by a large influx
of visitors. The program for the day
comprised a horse race at -Kos well
park, a concert by tbe Indian band
from the. Teller institute at Grand June.
tion, consisting of twenty-five repre
sentatives of seven Indian tribes, and
foot races by the Ute Indians from the
Colorado reservation. , Arrangements
for the grand floral parade of Thurs
day are well under way, and thousands
of equipages are being put - into shape
lor tbe event.
A Oeraiaa Celebrities.
Berlin, Germany, August 4. To
day is tbe twenty-sixth anniversary of
the surrender ot Napoleon III at St.
Anne, and in accordance with the cus
tom Inaugnrated many years ago it is
being observed by speoial services in
some one of the churches of the lead
ing cities of the fmpire. The interi
ors of these edifices are decorated with
flowers and the black, white and red of
Germany, while a picture of- the Em
peror Frederick : is pendant -over the
altar. The Sunday school children,
dressed in white, also march into the
edifices carrying flags and wreaths ot
oak-learves and meanwhile singing "Die
Waoht am Khein."
Robt. L M.Ross,
Real Estate
AND INSURANCE AGENT.
Prices to Suit tbe Times,
Lots from $100 up.
SOLE AGENT of the Hill-site
Town Co. addition, and the Eldo
rado Town Co. lower addition.
Residences, Business Properties,
Loans, Mortgages and Securities.
Desirable Aore Properties; Faims under
Irrigation Ditches. Office on
10 FLOOR TAMME OPERA HOUSE. E. LAI VE0AS.
PHCENIX MEAT MARKET,
J. S, Dillon, Prop.
Dealer in all kinds of
FRESH MEATS,
HAMS AND BACON,
Fish, Game and Poultry in Season.
OHDER8 SOLICITED.
JOHN HILL,
CONTRACTOR and E0IL0EB.
Manufacturer of 1
Sash and Doors,
Mouldings,
Scroll Sawing,
, Surfacing and Matching
Plnninc Mill
aad Office Corner ( filaoohard street and
trrand avenue.
148T Lai TS9A
mew MKT
. Highest of all in Leavcniryj Power. Latest U. S. Gov't Report
SITUATION MILL ALAfeMINd.
An Armed Nutrallty'4tin ExlWs at th. Brown
Hoisting Work.. .
i -j: ' .."''
Cleveland, Ohio., August 4.
A ready-lor-an emergency feeling per
meated tbe air in tbe vicinity of tbe
Brown Hoisting works this morning
There1 was an armed peace. . At the
time for commencement of work, 150
men entered ; the varlcuj shops. All
were non-unionists. -. On . every street
within a radius of nearl' a milev botb
soldiers and locked outrnen patrolled
tbe sidewalks. Many v soldiers are
doubly-armed, wear.'ng t belts .and re
volvers as well as carrying guns. A
number, of the locked out . men also
carried guns. . .- .
WILL1ALI ? pAASOH.
who !a wlUIna to ataador fall on hi. '
.mfititesaa baker, ha. oonatantlj v.
i onaaJ.attb. ;
LAS VEGAS BAKERY
, Opposite Poftomc, Wert Side. ..
Bpeolai ordan flilad on abort DoHo..
S. PATTY
' Handles.the.Dniy v '
'.' . ! I ' .
Sieel Hange Stoves
IN THE MARKET.
2
Plumbing: Tinnin;.
Goto CRITES'
Hanfl Store,
-Foa-
EE FRIGE RATORS,
And Household Goods of all kinds.
Next door to P. 0.x East Lai Vesras.
Ward Block, Railroad Ave.,
Mrs. Wm. Qoin, Prop.
Tablet Served With
EVERYTHING THE SEASON AFFORDS,
Cooked and Served ii the Highest Order.
Meals, 25o. Board by weet, $5.
A trial will convince you of tbe merits ot
THE MODEL RESTAURANT.
OF LAS
Capital Paid in
Surplus.
SAN MIGUEL NATIONAL BANK
. OFFICKKSt
DB. J. M. CUNNINGHAM, President,
v.;.'.- FRANK SPRINGER, Vice-President.
k D. T. HOSKINS, Cashier. ' '"
. : F. B. JANTJART, Assistant Cashier.
ET IUTEBE8T PAID OH TIME DEPOSITS LSI . -
if i r
nn
LAS VEGAS
SAVINGS BANK.
t38ave your earnings by depositing them in the Las Vboas Savwob Bajtx, where
they will bring yoo an luoome. ' Every dollar saved, Is two dollars made," ,
Ho depoelti received of less than $1. ' '
v;,. - Interest paid on all deposits of $5 and OT.r.
O L.
-DEALER IN
Hardware, Stoves & Agriculmral ImpleniBnts
- OP ALL KINDS.
A large stock ol Stoves and Plows now on hand, which will be sold a little
above cost., These goods are all warranted to be of the very best aiaiG in the
United States, and to give perfect satisfaction. . .
At the Old Stand on Center Street. EAST LAS VEGAS. M. M.
Patronize-West Side Stores.
And Prices that Have Lost Their Bottom,
Our Corset Depfirtmerit mut be
room for a new jinr of corsets. "
Our $t. 50 Corsets at . . .
Our $1.25 Corsets at. . . .
.$1.10 !
.95
Our $1.25 Ladies' Corset Waists at...,,..
Our 86o laidies' Corset Walrts at .... ....
....... ' Ootvtli Side Xas7Cx
O
SUM
it -
. SPECIAL NOTICES.
ITmt'slvLiJyhouTeli
1 282-tr ClIAS. KOjXKTKAL.
TH10R SAIK-A
good, . ten horee power
IJ neimrato;
Add. 668 wm
separator end horse rower, complete.
rraiiK, jlo. aiainoi, n. m.
8td 3tW
OR IlKNT -Furnished rooms In a prlvat.
family; go.u location; apply here
TTIOIt RENT Furnished house at SIS
JJ Seventh tt eec. Knqu're Lere.-SiS-tf
"1TANT1CD A g,xd well-driller. Can se.
TV ere iteady employment at good
wagei, uy apiiuft to j. ill ni.
WANTED Solicitors for cam pal
"Bryan, Bewail and free
authorized by Kryan, written by It.
calf, e Itor of the Omaha World-Bti
?n book
Silver,"
I.. Met
pointed author by Bryan. Oont In.
speeches' and platform. A bona sa for
nuonts. a free sliver mine for worker.
Only f 1.50. The only authorized book, 50
tier cent. Credit g.ven. Vielsht paid,
Outfit free. Benin now with choice of ter
ritory. Permanent, profitable -work for
ttH. Aaaress, rue national book concern,
Star Building, Chicago. .. , Xl-ml
THE COLUMBIA BUILDING AND LOAN
association nffers secure Investments
for large and small sums. Money loaned
on real estate.
T. W. HiTWABO. C. C.WBAT, .
President. Auent.
MONEY TO LOAN. On diamonds,
watches and Jewelry repairing of all
kinds done.
. LnjAM A Co..
tf
, Bridge Street.
DON'T PAY rent ioo cash and IS
month tor seventy months, will pay for
a tnree-room residence, wun gooa yara
and good neighborhood : centrally located
Itesidence lots nve years' time.
imt J. H. Tbitlbbaum.
I
$4.00-
PER WEEK.
Also a Few Desirable
- Rooms to Rent.
309 Grand Ave., Opp. ClemenU1 Mill,
New Brunswick
T": Restaurant,
Under the new manage- '
ment, will set the.....;'
BEST III IH HE CITY
FOR 25 CENTS.
Special
tables reserved for ladies aad
families.
Your patronage is solicited; '
M. S. DUDLEY.
;;" ':. , " ', Prop-
VEGAS.
$100,000.
50,000.
Henbt Gokc, Pres
H. W, Kjclly, Vine Pres.
D. T. Hosxims, Treas. .
Paid up capital, $30,000.
TTf Ei
mm
Ml
HOUGHTON
LwClI Wl aLVTWIXa
Better Assortment,
OAJ?I BB HAD HERB.
closed out within 10 days. to make
, -. ; ' '
Oar 85c Corsets ot. .. . .
Our 65o Corsets at .... .
.65o
,49c
....VWs
..-..66o
First National Bank,
LAS VEGAS, NEW MEXICO.
JOSHUA S, EAYNOLDS, President
JOHN W. ZOLLARS, Vice-President ,,: A. B. SMITH, Cashier
Accounts Received Subject to Check.
Interest Paid on Time Deposits. ' r "
BrOIS&lffliilFBS Clffll
East Las Vegas and Socorro. N. M. ,
"Wholesale Grocers,
Wool, Hides and Pelts.
Raqch and Mining Supplies,
Fence Wire, Nails,
Picks and Shovels.
BLASTING i GIANT POWDER,
Cement, Sheep Dips. Sulphur.
5 ;i Steel Hay Rakes.
1 - ptrmJ,.
A large and complete line of
Mi
Plows and Points
Kept constantly on hand, together with
Garden Hose, Wire Netting,
Poultry rand Fence Wire,
STOVES AND RANGES ;
of eery description.
Your patronage is solicited at the
-Old Town Hardware Store,
NEW BUILDING, - '
D. WINTERNITZ.
A. A
WI3B, Rotary Public. Established
. , ' WISE & HUttSHiTT,
LOANS AND REAL ESTATE;
Sixth and Donglas Aves., East Las Vegis, N. M. .; ,.,
ImDroved and Unimproved Lands and Ulty rroperty tor sale, investments maae ana
IBiprOISU Will u'"y " T:l., .....In.rl Dinl. ..J T.T.. mill. ,
attenaea to tor iiuu-resiuoua. . ui..) ......... ... ...
Car Fare Free
to all
East Side Customers.
H05IERV
On. lot Children's Fast Black, Hermsdof
Ho, size 5 to SX, at 16 oenti.
One lot Ladies' Fast Black Hose, value of
mum 80 cents, go at SI cants.
One lot of three different kind, of Ladies'
Hose, veined at from 60 cents to 60 cents,
go at 9 pairs for t .00,
Wool Sacks.
WAGONS.
PLAZA HOTEL
I.a. Vearas, Mew Maxloo.
The
only first-class house in
the
city.
Headquarters for
stockmen.
A. DUVAL.
In charge of Coielne Department. Bales (
86o per meal ; $6 per week. Table. sappUeJ
with everything the market affords.
MRS. S. B. DAVIS
Lessee:
Kooms by tbe day for Wo to $1.00; by
month.
. no to $12.
The
Dandy
Wind
Mill.
None
Better;
1881. . P. C. HOG8ETT.
If CARRIAGE REPOSITORY.
The finest line of Carriage., Baggies.
Landaus, Suireys, Ptieetons ana Road
Carts In tbs Southwest, of the Deal
mauufouiur. - t ,
livery and Feed Stable. -
RIDPt street, us coai
HAEFNER & ROSSIER,
- Agents for
.AND
Proprietors !
Soda Bottling Works.
B. C. PITTENGER & CO.
GTE AM LAUNDRY.
Goods called for
and delivered

xml | txt