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‘©he ®ureha Sentinel.
% SATUBDAY, MAY 23, 1903. local mention. Who said "in the good old Sommer time?” l’rinoipal W. L. Butler returned from Reno on Monday. Will Fray left Ruby Hill on Tbureday to take up a residence in Virginia City. James Hambly and family departed from Ruby Hill on Wednesday for Butte, Mon tana. Supt. Charles Read of the Diamond Min ing Company is over from Salt Lake this week. Miss Emily Arthur of Ruby Hill left on Wednesday for a visit to friends in Butte, Montana. 0. S. Wattles of Fish Lake Valley, Nye county, was in Eureka on Wednesday for a load of supplies. J. E. Norris left Tuesday for Cherry Creek to look after his mining interests in Whit»Pwe oounty. Rollin Cromer, who has been in the East some months, is expeoted to return home to Eureka next week. Attention is oalled to the advertisement of John Crowley, guardian of Mrs. M. Morris, in another oolnmn. There will be a oalled oonvooation of St, John’s Chapter No. 5, R. A. M., Tuesday Bvening, May 26, at 7:30 o’olock. George Roos left Tuesday by private con veyance for Tonopab, and will remain there if he succeeds in obtaining employment. Fred Waltl, Jr., of Cortez, escorted by Dupid, has gone to Iowa, and when he re iurns he will be accompanied by Mre. Walti, The latest metal quotations are: Silver kt New York, 54Jc; Lead at New York 1.37J, at Salt Lake City, $3.75; Copper at Balt Lake, 14c. The regular monthly meeting of the Eu reka Board of Sohool Trustees takes plaoe n the District Attorney’s offioe this (Fri day) evening. District Attorney C. A. Walker of White Pine oounty departed, via Eureka, on Mon lay for Carson City to attend the Grand Lodge A. O. U. W. Miss Rose Coyle has returned to her case in the Sentinel offiioo after a two weeks’ risit with her parents at the Six-Mile Bouse, near Hamilton, H. C. MoTerney and VV. S. Haworth of Eureka have been taking in the mines at Bamilton and doing a little prospecting in lhat section this week. Ex-Governor Jewett W. Adams oame in [rom Carson City on Monday’s train and look the stage for White Pine oouuty to look after his stock interests. j Letters received in Eureka this week an lounced that two daughters of B. Berg, now esiding in San Franoisoo, were seriously ill n that city with typhoid fever. Judge George Brown passed through Eu eka on Monday on his way home to Elko rom White Pine county, where he held a erm of Distriot Court last week. Word was reoeived in Eureka Thursday hat Ben Plummer, Jr., who was so serious y ill last week at his home near Mineral Sill, is muoh improved and out of danger, I. C. C. Whitmore, representative of llpha Lodge No. 1, A. 0. U. W., left on londay to attend the Grand Lodge of the Irder, which oonvened at Carson City on ’ueBday, Baker Gray has filed his resignation as 'ublio Administrator of Eureka county rith the County Clerk, and it will be acted ipon at the next meeting of the County 'ommissioners. The Austin Reveille of May 20 says: udge Peter Breen departed Monday moru ig for the western part of the State od usiuess and inoidently to have a glimpse f President Roosevelt. Mrs. R. Morrish and ohildren, who for everal months have been visiting their isrents and grandparents, Mr. and Mrs. ohn Nioholas of Ruby Hill, returned home o Ogden, Utah, on Thursday. Dr. L. A. Haroourt returned to Eureka 'hursday evening from a several day’s pro Bssional visit with William Mendes at )uokwater. He reports Mr. Mendes’ rounded foot to be getting along nicely. Under the eupervision of James Downing > force of workmen this week repaired the iateman street bridge, and pot in a bulk lead in front of County Clerk Hoegh’s esidence, where Spring street was caving nto the big ditch. A letter from Joe Grandelmeyer states he eoow waB two feet deep at Hamilton on Jay 21, aud it was still snowing. He says 'his is the heaviest fall of enow at this sea on of the year Bince May 28, 1869, when Jamilton was treated to a fall of two feet )f snow. Mr. and Mrs. H. A. Culloden of San i'ranciBoo are expected in Eureka about the Irstof June, and will visit for some time pith Mre. Culloden’s parents, Mr. and Mrs. &. E. Phillips. Included in the plan is a nooth’s rustioation at the Phillip's mine in Jiamoud Valley. Denny Keefe, a former resident of Buby Jill and well-known miner throughout this ection, returned to Eureka on Tuesday. Jr. Keefe has just come from British Colombia and is willing to take ohanoeB with Dame Fortune io the hills hereabout, where he will soon begin prospecting. Judge Peter Breen returned home to Eu reka Thursday from the western part of the State. He sow the President at Reno, and says Roosevelt was royally received at both Carson and Reno. The Judge was invited to a seat on the platform from which the President delivered his address at Reno, and says his Bpeech was] well received by the largest audience 6ver addressed in Nevada. A NOVEL JURY TRIAL. Conflicting Evidence Causes SI* Eu reka Citizens To Disagree. Last Monday Sheriff Burdick subpenaed H. C. MoTerney, W. S. Haworth, M. Fletcher, F. J, Brossemer, A. Tenvoord and P. H, Hjul as a Sheriff’s jury, to try and determine the ownership of property at or near Alpha, attached by Sheriff Burdick several months ago as the personal property of William Whalen, but denied by said Whalen as his property, and claimed by him to be tue property of the United StateB Mining and Smelting Company. The United States Mining and Smelting Company had served a notice upon Sheriff Burdick notifying him that the property under attachment was owned by them. As William Leighton and wife, the parties attaching, had failed to furnish the Sheriff with an indemnifying bond, tbe Sheriff, as provided by the statutes, drew the above jury for his own protection. Attorney John Hancock represented the U. S. Mining and Smelting Co. and Ex Governor Sadler appeared for the Leightons. The trial lasted about three hours, dur ing which time considerable conflicting evi dence was introduced. The oase was finally submitted without argument, and the jury after a Bhort deliberation concluded that it could not agree aB to the ownership of the property. The jury stood 3 and 3. It is understood that another jury will be called in this same matter on May 27. BONDS APPROVED Mrs. Morris’ Estate Appraised at 911.S83.63. John Crowley, who was reoeotly appoint ed by the Distnot Court the guardian of bis sister, Mrs. M. Morris of Eureka, and her two minor ebildren, has filed his bond, amounting to $15,570, with the United States Fidelity and Guarantee Company as sureties, and the bond has been approved by Judge Breen. Mrs. Morris’ property, as appraised by the Court’s appointees, Dennis Cooney and J. P. McElroy, is as follows: The frame business building on the corner of Main and Bateman streets (old Jack Perry corner), $250, dwelling house on Nob Hill, $30; half interest in “Maud C” patented mine on Ruby Hill, $200; cash in Hibernia Bank of San Franoisco, $6,475.21; cash in Germania Bank of San Francisco, $4,441.41; miscel laneous, $187; total, $11,583.62. The minor children’s property was ap praised as follows: James W. Morris, cash in Hibernia Bank, $1,299.11; Julia Morrfs, cash in Hibernia Bank, $3,250.51. Mr. Crowley iB now arranging to return to his Eastern home, and will take Mrs. Morris and Julia with him. Mrs. Morris will be placed in a private sanitarium for mental treatment. Mr. Crowley completed his arrangements and left for the Esst with his sister by Fri day’s train. __ “A MERRY COBBLER” The Eureba Hlfrb|8chool Will Present the Above Named Comedy at the Opera House. The Eureka Board of School Trustees two weeks ago put a ban on the wishes of the Graduating Ch ss of the High Sohool to give a play in lieu of the regular graduating exeroises. The prohibition has since been removed,, the Trustees giving way to the following petition, signed by the parents and guard ians of the thirteen pupils of the Graduating Class: Eureka, Nevada, May 8, 1903. To the Honorable Board of School Trustees: We, the undersigned, are sincere in our belief that it will be to the best interests and welfare of our boys and girls to have a Play instead of the usual commencement exercises. Arrangements have accordingly been made to present a oomedy at the close of the sohool term. It will be entitled “A Merry Cobbler”, from the German, and will be given at the Eureka Opera House. MEMORIAL DAY. Memorial Day, next Saturday, will be impressively observed in Eureka. The servioes and exeroises will be under the auspices of Eureka Lodge of Odd Fellows, and an invitation is extended to all to participate. William Lawry has been ap pointed Marshal of the Day, and the Eu reka Band will assist et the oeremonles. The memorial servioes will be held in the Maaonio and Odd Fellows Hall at 10 a.m. sharp. Immediately after, the prooes sion will form in front of the hall in the following order: Eureka Band, Marshal, aides, sohool ohildren, seoret societies, G. A. R., Rebekah Lodge in carriages, citizens in carriages. The prooession will maroh to the City Cemetery and there will disband, when the different orders and the people will prooeed to decorate the graves of relatives and friends. After the graves have been deo orated the prooession will reform and march back to the I. 0. 0. F. Hall where it will disband. THEIR ACTIONS AROUSE DISTRUST NEVADA STATE BOARD OF EDU CATION’S LATEST MOVE IN SPIRES VARIETY OF OPINIONS. Western Newspaper Demands an Ex planation and Prints a Communi cation Showing How the State School Fund Has Been Defrauded By the Becent Exchange of Bonds —Senator Baftlce of Enreka, Who Was Chairman of the Senate Com mittee on Education, Denies the Keport That the Senate Committee Approved the Deal. The Nevada State Board of Education recently negotiated an exchange of $500, 000 in United States bonds, belonging to the Nevada State School Fund, for Massa chusetts bonds. The transaction has provoked a great deal of comment, pro and con, in the western part of the State, and the officials directly involved are just now in the public eye. The Winne mucca Silver State and the Carson City News are devoting considerable space to the subject, the latter on the defense. Nothing has yet been printed as an of ficial statement from the Board, or any member thereof, despite the fact that the Silver State of April 28 in an editorial, entitled “Information We’re After,” asked the Board to make public the de tails of the exchange of securities, in the following Pertinent Questions. First—Where can the authority of law for the sale of such bonds, belonging to the State School Fund, be found ? Second—What was the market price of those bonds at the time the swap was made? Third—What was the market price of the Massachusetts 3 per cent bonds when they were purchased ? Fourth—Did this State have all the 4 per cent government bonds in exist ence at the time of the sale? Fifth—Did Mr. Kelly, representing the Kansas City syndicate of capitalists, have all of the Massachusetts 3 per cent bonds in existence at the time of tho purchase? Sixth—How did the State Board of Education know that it would^iot have a more advantageous opportunity for in vestment of the $400,000 belonging to tho School Fund at the expiration of the life of the bonds it sold ? Seventh—Who was the member of the Board who went East to investigate the securities offered this State; when did he go, and who paid his traveling an(| other expenses? Eighth—If, as claimed, tho Senate and House Committees on Education, were called in and made acquainted with the details of the proposed exchange, and gavp it their approval and the Board of Education considered it a “good business deal,” what was the occasion for sending a man East to find if it would be advisable to make the trade? Wants Them to Explain. On May 11, “an investigator, weary of waiting on our Board of Education,” did a little figuring himself, with the follow ing results: Winnemucca, May 11,1903. Editor Silver State:—I, with many other friends of our public schools, have been looking anxiously for explicit and satisfactory answers to your pertinent questions put to our State Board of Edu cation and their newspaper apologists concerning the swap of $500,000 in U. S. bonds, drawing an annual interest of 4 per cent, for a like Bum in Massachusetts bonds, drawing 3 per cent interest. These gentlemen are of high standing and are, doubtless, experts in arithmetic or the science of numbers and could, if they would, figure out the profit or loss received or incurred by the respective parties to the transaction; but it seems that they are also skilled in the political science of silence, as no reply to your questions has been made. Since figures, based on certain facts and considered according to the rules laid down in arithmetic, are as truthful as the ‘‘Father of His Country” was, I will give you the profits and losses in volved in the deal, basing my figures on the facts as given in the Carson News and on the reports of the value of the two sets of bonds quoted in the New York stock exchange on the date of the bond swap. The News says that the deal was made in the following manner: ‘‘United States 4 per cent bonds to the amount of $500,000, were sold at $1.10 and the pro ceeds invested in Massachusetts 3 per cent bonds at $1,024. The reported market value of the U. S. 4s at that time on the New York stock exchange was $1,114, Massachusetts 3s at pgr. The sale of the U. S. 4s at $1.10 amounted to $550,000, but they could have been sold at $1,114 on the stock ex change in New York for $557,500. The $5,750, the difference between the amount sold for and their market value in the New York stock market gives Mr. Kelly that sum as profits. The Massachusetts 3s, being bought at $1,021, market value being par,Mr. Kelly’s profits were augmented by $11,250 by our purchase. The profits so far aggregate $17,000, which the School Fund could have made if the Board had gone into the market at New York or Boston or any other financial center. But this is not all of the Kelly profits. The News informs us that the U. S. 4s would draw 16 per cent interest during the next four years, of 4 per cent per year. This would amount to $80,000. For this $80,000 the School Fund will re ceive the interest on the Massachusetts bonds at 3 per cent per annum, which in four years will amount to only $45,000. In this the nice little sum of $35,000 is ad ded to Mr. Kelly’s profits, making a grand total of $52,000, as far as heard from but not one cent of profit to the Nevada School Fund. Thus the figures demonstrate that the members of the board are not such cute financiers as the News essays to present them to the public. No wonder that Mr. Kelly did not insist upon the Legis lature passing a relief bill for him to re cover the expenses of his trip. If he did not think that Massachusetts 3s would be less valuable in four years, and did not know that U. S. 4s were more valuable at the time the deal was made than $1.10, why would he come away out here at his own expense to make the trade? A fellow who is able, financially, to carry around in his pockets $500,000 in Massachusetts 3s, and succeeds in trading them off for $500,000 in U. S. 4s may not be a fully developed financier, but evi dently possesses some qualifications which may, in time, put him in the class of J. Pierpont Morgan and our State Board of Education and win for him a place in the hall of fame as a prince of finance. Investigator. Patiently Waiting. The Silver State does not propose to let this important matter be dropped, and on May 17, while “patiently waiting” asks why this “deep, audible silence over in the direction of the State Capital, if everything was as claimed?” and con cludes: “Outside of the Carson News no newspaper in Nevada seems to know anything about the deal, or to have pub lished anything in connection therewith. We could say more at present, but ‘ ’taint our move; we played last.’ ’’ Following this the Sentinel states it awaited the return of Senator Raftice, who was Chairman of the Senate Com mittee on Education of the last Legisla ture, to "learn something about the deal,” before saying anything. The Sen ator reached Eureka too late last week for his statement to be published. Mr. Raftice said: Senator Raftice’s Statement. “Just as I was leaving Reno two weeks ago, my attention was called to the Win nemucca Silver State of April 28, relative to the transfer of bonds made by the State Board of Education. I regretted that time did not permit me to give it immediate attention. But it is not too late. The facts are these: “President Stubbs asked mo to notify my Committee to meet in the Gov ernor’s office. lie was solicitous that the Senate and House Committees be pres ent at the same time. Other business prevented the Committees from meeting and two or three trials were made before we got together. I did not know for what we were wanted, and as a matter of course supposed it was for something pertaining to the University. At our meeting in the Governor’s office the Board of Education was there.” "Wasn’t Mr. Kelly, who represented the Kansas City syndicate present?” “No.” “Was he in Carson sevoral weeks ne gotiating this deal?” “I never saw him,” “What developed at your meeting?” “Mr. Wildes, the Deputy State Treas urer, was engaged to explain the con templated change of bonds and was dem onstrator of the dollars and cents that would increase the School Fund. The argument was that the series then held would soon expire, and that so much of the school money would be on hand, seeking investment. When the deal had been outlined to us, we were asked for our opinions. The proposition on the face of it did not look very good, for it is a matter of history that the School Fund, the ‘Pride of Our State’, is a great temp tation to scheming politicians, and on the other hand there is not an American who does not regard United States bonds the best security in the country. We knew nothing of the Massachusetts bonds. We saw the question was an important one, one in which we had no say only to give an opinion.” “Why were you asked for your opin ions?” “I do not know. If the Board had the right to make the exchange, they had the right to do it without our knowledge or consent.” “What were the opinions of the mem bers of the Senate and Assembly Com mittees?” “My observation was that every mem ber was very careful not to approve the exchange, rather advised care and inves tigation. “I told the Board the question was new to me and required thought and study, and that I did not believe in speculating with the school money. Furthermore, if there was any snap in Massachusetts bonds there were plenty money sharks in the East to take them. Denies a Report. “I wisty to emphatically deny that the Senate Committee on Education advo cated the transfer of any bonds belonging to the State School Fund. “After the meeting, when the matter became more public, the sentiment around the Capitol was against the move, and a bill or resolution against it was favorably considered. Later it was thought the bond deal was off and the talked-of bill was not introduced. "In conclusion, if, as claimed, the State School Fund has been worsted many thousand dollars by the adroitly managed schemes of an eastern syndi cate, I do not know it, and with many others in the State would like to know it, and want the blame to attach only where it belongs.” ANOTHER ACCOUNT Of tbe Recent Duckwater Sbootln* Affray. The Tonopah Bonanza says: A shooting sorape ooourred at Joe Tognoni’s ranoh Monday, the 11th inst., which might have resulted seriously. The cause of the trouble was an old Feud over water rights at Duckwater, in Nye county. On the day named live Italians came to Tognoni’a ranch and begun to destroy a stone dam which be had erected at a considerable ex pense. At this juncture Mr. Tognoni, so rumor says, fired a shot. The invading party retired, bat returned shortly after, wards and began firing into Tognoni’a house, where his family reside. The fire was returned and Wm. Mendes is now nursing a foot with a bullet hole through it. Joe Tognoni came to Tonopah and sur rendered himself to the officers. A com plaint was filed and all parties concerned will be summoned to appear before Judge Lindsay daring the coming week, when the preliminary bearing will take place. THE EUREKA COUNTY BANK. MAIN STREET, EUREKA, NEVADA Authorized Capital - - $100,000.00 Paid up Capital - - - - $ 20,000.00 OFFICERS OSCAR J. SMITH....PrkhidXNT J. H. IIOEOH and BERT L. SMITH.Vick I'rhsidxnts W. E. GRIFFIN. Oashieb H. F. GOLDING.Assistant Cashibb DIRECTORS J. H IIOEGH JOHN HANCOCK, Sr. W. E. GRIFFIN OSCAR J. SMITH IiERT L. SMITH Transacts a general banking business. Mining and other stocks bought on commission. Will buy and sell exchange on every country in the world. OUR FOREIGN MONEY ORDER SYSTEM IS UNSURPASSED The funds being paid in the money of the country where sent, and direct to the recipient, who is saved the trouble and expense of collecting a draft, and senders are protected against loss. CORRESPONDENTS—Western National Bank, New York City; The Crocker-Woolworth National Bank, San Francisco; Knauth, Nachod & Kuhne, New York City ; McCoinick & Co., Salt Lake City. jryl-tf THE EUREKA CASH STURE Having just opened business in Eureka with an entirely new stock of choice family groceries, and conducting the business on a cash basis, wo are prepared to sell our goods at prices as low as they can be laid down in Eureka for cash. SEE OUR PRICES BEFORE SEEDING AWAY FOR GOODS Ranchers and Stockmen purchasing large bills of goods will find* it to their advantage to call at the Eureka Cash Store before sehding away. J. B. BIAIiIS, Manager. North Main St. GEOBGE W. HANNA. • J. J. HYLTON. HYLTON & HANNA, (SUCCESSORS TO J. J. HYLTON) SKELTON, NEVADA This year we will carry a larger line of GENERAL MERCHANDISE Than heretofore, and sell closer, DRY GOODS. GROCERIES HARDWARE, and Farm Supplies of All Kinds. Ranchers living in the vicinity of Mound Yalley will save money by buying their supplies at our store. tJtF" Prices Will Be Found as £ow as at Blko or Elsewhere. SCHNEIDER DRUG STORE ESTABLISHED 30 TEABS. DRUGS AND MEDICINES At Wholesale and Retail. We carry the most complete stock to be found in Nevada. Purest and Best Good only, Medicines that cure. Prices Lower than any in the State—quality considered. Perfumes and Soaps. Domestic and Imported. Highest Qual ity at City Prices. New Goods all the time. Photographic Materials. Our Line is Complete. You can save money in buying of us. Goods Always Fresh, Spectacles & Eye Classes. .We sell them at SI.00 and upwards, with our guarantee of quality and a Perfect Fit. We furnish Pebble LenseB. Pure Old Wines & Liquors Finest Stock for Medical and Family Use. Absolute Purity Guaranteed. Our Prices are Kock Bottom Our Prescription Department. In this Department we carry the purest medicines known to the profession. We employ for the safety of the public a DruRRist of TWENTY years experience, and who is a Graduate of the Department of Pharmacy and Chemistry of the University o California. Our Prescription work is all checked twice—once for your safety, and once for ours. This Ruarantees accuracy. Employ a physician in whom you have explicit confidence, then brinR your Prescriptions to us to have them compounded. *3"Orders from the country always receive our prompt and careful attention. Your business appreciated by Mre- H- *• Schneider & Co.