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j ESTABLISHED I*so. j
1 H. EhTILL Editor and Proprietor. )’
WHEAT HOLDING ITS OWN
CHICAGO BULLS MORE SCARED
Surveying the Ruins—List of Killed,
Wounded and Scared—Kershaw &
Cos., with Ample Funds, Come to the
Rescue—Porkopolis Interested De
spite Their Indignant Denials.
Chicago, June 15.—The Board of Trade
directors held a special session before the
opening of ’change to-day, for the purpose
of deciding whether or not to take any
action. It was thought when the meeting
was called that it would be test to adjourn
the board for a day in order to allow the
excitement to cool off, but it was finally
decided that no action was necessary*
GOOD NEWS FOR THE MARKET.
There was tail enormous crowd on the floor
and iu the gallerias of the Board of Trade
long before tho opening hour this morning.
When the bell sounded at 9:30 a roar went
up and the day's session began. The first
sales of wheat were at 75 l-2e. for June and
76c. for July, which was an advance of
and %c. respectively, soon after the open
At this point the Secretary rapped for
silence. It was a difficult thing to obtain,
but when he finally prevailed, he read the
“Gentlemen —We are prepared to pav
all our clearing house differences and ail
margin below the market.
“C. J. Kershaw & Cos.”
A yell of delight broke out at this news,
and the galleries, which were crowded to
suffocation by ladies, responded ’by a
tumultuous waving of handkerchiefs. The
few announcements of several small failures
following did not check the enthusiasm.
President Wright theu announced the sus
pension of three small firms, viz: J. H.
Youst & Cos., B. J. MeCieary and IS. C. Orr.
The suspension of these firms did not; cause
any excitement as they were in no way
identified with the clique. At 10 o'clock the
price was 75 l-2c. for June and 75 l-2c. for
July. The suspension of Pickering & Cos.,
another small firm, was announced shortly
after 10 o'clock.
IN A WHIRLWIND.
Up to 11:30 eight failures had been an
nounced. The excitement in the pit in
creased fast and the tears were savagely
raiding the market. At 11:52 a. m., July
was sent down to 73 3-kv From there it
dropped to 72 l-2e., then 72 3-Sc., then 72 l-4e.,
then 72c., then 71 7-Bc., then in one jump to
7lc. Another drop to 70 l-2c. was recorded
at 12:02. From this point it declined to 70c.,
then recovered in jumps of l-Bc. to 70 l-2e.
and 71c, then back to 70 8-4 c., and at 12:11
this afternoon it was 71 3-4 c, for July and
71 7-Be. for June.
KERSHAW & CO. POSTED.
A few minutes after noon Kershaw &
Cos. were officially posted as having failed
to go through the clearing house. This
meant their collapse. The immediate cause
of their failure was Rosenfeld & Cos., who
garnisheed Kershaw’s account in the Ameri
can Excliange National Bank. At Ip. m.,
the closing half hour on Change, witnessed
an almost complete subsidence of the in
tense excitement which prevailed when
wheat broke to 70c.
To the inquiries of a reporter, Mr. Ker
shaw said lie could have met all claims
against his firm if Roseufcld had not gar
nisheed the money which he checked against,
thereby locking up $1,000,000, which rumor
sax's he had to his credit. The following
firms also failed to go through the
clearing house: 8. D. Eldridge. R. M. B.
Crofts & Cos., K. H. Mathews, Youst &.
Briedy, B. J. MeCieary, H. J. Youst & Cos.,
Hibbard & Cos., and Pickering <fc Cos. Just
before the close of the session T. E, Belling
& Cos., announced that they were even on
the market and requested that their trades
should not be closed out. The morning ses
sion closed with a firmer feeling. During
the last hours July wheat fluctuated be
tween 71 7-Be. to 72 5-B;the latter figure
being the highest, of the hour.
Everybody was on the qui vive for de
velopments, and while the excitement did
not run as high as yesterday, the feeling was
far more nervous and feverish. The un
certainty of the financial standing of some
of the houses, was what caused the anxiety,
and as one firm after another —some twelve
in all --gave notice that they were unable to
margin their trades and asked to have the
trades closed, the anxiety increased. Out
side influences counted for noth
ing; everything depended on local
developments. The opening was wild
and excites l, and as the announcement
was made by one of the principal Arms con
nected with the “longs” that all margins
would be put up. the market became strong.
It started up, advancing to a jxiint, ;,'.jc.
higher for June. l%c. higher for July and
1 l-2c. higher for the other futures than the
closing of yesterday. But the advance
brought out heavy offerings and then come
the announcement, one after another, from
the firms to close out trades and
A PANIC QUICKLY FOLLOWED.
The operators expected some further im
portant announcement at noon, and for five
minutes a deathlike stillness reigned, but in
this short interval the hands of the indica
tor quietly m-orded a drop of l-2e. and le.
nt a time, and July touched 70c. Never
More had such an appalling stillness reign
ed, with wheat dropping Bc. in as many
minutes. But the reaction came, and tho
price of July gradually shot up l-2c. and lc.,
at a time selling to 751, followed By numer
ous fluctuations. The decline for July,
from the highest point to-day, was (tee.,
and from the highest point reached last
week 17Jtc., and closing about ~%c. lower
June declined 9‘ s c. from the highest
point reached this morning, and 25A.ic.
from the highest (>oinj reached last
week, closing at 4t 4 0. lower than yesterday,
the more deferred futures ruled at n pre
mium over the near futures, but all sold
lower, August ruling 4c., September 2 ;, 4 c.
and Decemter l%e. lower than yesterday,
and closing at from l.Hc. to 2c. lower. The
home markets were very unsettled and gen
erally lower. The foreign markets were
depressed, and the quantity on the ocean
showed a huge increase.
OTHER QUOTATIONS AFFECTED.
Corn was unsettled and weak. Trading
"as fair, with considerable long corn oil
Hie market, and several lots were closed out.
The market acted in sympathy* with wheat,
aliening excited at about c. higher than
tile closing of yesterday, and was Steady for
a time; then ruled weak; it declined
then fluctuated some, and dosed kjc. lower
for July and We. higher for August than
yesterday. July ojieiied at 37>*c., and
dosed at 37a August opened at 38**0.,
mid closed nt. !(*<■., cash and June
delivery, Oats were weaker, and a Unit
l-Be. lower, there teing some liquidation for
July, and longer deliveries rul'd a shade
woier, teing nixmt 1-Sc. better than yester
day. There was considerable trading, a
good deaf teing done in the way of settling
UP the trades. July opened 25 8-4 c., closed
25 7-He. Provisions were active but nervous
throughout the day, in sympathy with the
" heat market. Free offering on the teiialf
the suspended firms was
toe main cause of the sharp
“°chno, though weakness in the hog market
-j ♦ i n
assisted. Lard and short ribs were inactive
demand from those who were on the short
side of the market, and were anxious to se-
CU mi t * leir profits. The prices fluctuated
wildly. July and Septemter deliveries met
with more attention, with more closing up
trade than transactions ahead. The prices
were lower, but the market closed steady.
July lard opened at $6 60 and closed at
$6 52 1-2.
WHERE THE FUNDS CAME FROM.
There was a sensational and dramatic
council at the American Exchange National
Bank this morning. It began at 7 o’clock
and settled the fate of to-day’s market.
There were many prominent brokers
present. Mr. Joseph Wiltshire, of Cin
cinnati, a middle-sized • man of
swarthy countenance; Mr. Eggleston, Ker
shaw’s special partner, whose fortune is at
stake now, because it is claimed he has been
active in the business, was also there.
Mr. Kershaw's face showed the lines
made by the terrible forty-eight
hour strain. President D. W. Irwin,
of-the tank and of the firm of Irwin, Green
& Cos., was the most determined looking
man of the lot. Cashier Dewar, of the
bank, and several directors were present,
too. This consultation began just as soon
as Mr. Wiltshire, who got off the Cincin
nati train at the foot or Lake street, could
get to the hank. He was accompanied by a
good-looking, smooth-faced young fellow,
whose sack coat bulged out as clerks’ some
times do when they are hurrying to the
bank to make deposits. The pair at once
entered the bank and the directors’ room,
where the others were to meet them.
a “picturesque” scene, screey.
The scene presented will not be soon for
gotten. Mr. Kershaw was busy writing;
his face was haggard, but the man looked
brave. Mr. Eggleston’s face was a study,
too, as he sat in this interview; perspiration
dropped from his brow and his great red
beard was all aw ry. Mr. Wiltshire, at 8
o’clock, left the bank and walked to the
corner of Dearborn and Monroe streets,
where lie met the young fellow who had ac
companied him on the train and who had
•before this left the bank for the Richelieu
Hotel. The young fellow’s pockets bulged
again. The tw o entered the bank, and in
thirty minutes more the council was over.
Mr. Kershaw had the money to pay his
differences and to margin the market, the
announcement of which, as noted above,
settled the panicky feeling on the board.
fickle fortune’s work.
What fortunes were won and last during
the day no one can accurately estimate. It
is estimated that not less than 100,000,000
bushels of wheat were traded in during the
day, representing an average loss or gain of
7c. to Bc. per bushel, $7,000,000t0 *8,000,000.
There was a loss of over .$1,000,000 in cash
wheat alone, besides the shrinkage on
futures. One bear, who sold largely early
in the day and bought at the close, is cred
ited with clearing $250,000 on the day’s
operations. The crowd of big tear scalpers
made not less than sl,ooo,OOOaltogetber.
WHAT THEY THOUGHT OF THE FLURRY.
During the day President Wright, of the
Board of Trade, said to a reporter: “The
effect of the break will be to clear the
atmosphere so that commerce can go on in
its accustomed grooves. The tendency is to
equalize this with the other markets of the
world and nut stock in their legitimate
channels. The actual result, of course, is a
rather serious one, but I hope—in fact, I
have no reason to apprehend anything
A prominent broker said: “The market is
now back in its normal condition, and is not
subject to any abnormal influence. I don’t
think we will hav e any more cliques for
awhile yet, as the one just collapsed has bit
ten off more than it could chew, and the les
son won’t be forgotten soon. The imnio, of
course was a serious one, but it will soon be
all right again. The deal was undoubtedly
the largest one ever run in Chicago, and
there was more wheat bought than ever be
fore. Ido not apprehend any serious break
from the present prices, as the market is
now down to a level with the other mar
THE RIG PORK PACKER TALKS.
Phil D. Armour, when asked what effect
the panic would have on the financial
affairs, said: “None, whatever. In a week
from now you wont know that there was a
wheat deal, or a coffee deal either. The at
mosphere will be ali cleared up in less than
a week from now. All the losses were made
some time ago. Wheat was margined up to
nearly its value, if not quite, and the banks
were all amply secured. 1 don't look upon
this break as any great
calamity at all. Whatever wheut
there is, is wanted for export and
it will bring as good prices now, if not tet
ter, than it did before the break. Wheat
at 75c. a bushel is tetter than gold dollars
at 90c. You see people abroad want the
stuff and they are going to have it. It is a
good thine that this break came when it did.
Most everybody expected it, and as soon as
the flurry is over I believe that it will make
THE DYING ECHOES.
One of the firm of Rosenfeld & Cos. to
night denies that his firm garnisheed Ker
shaw’s bank account. Rosenfeld & Cos. have
brought suit for $1,000,000 against Wiltshire
& Eckert, of Cincinnati.
HIS NEW PASTURES UNPROFITABLE.
New York, June 15.—Charles Hewrokin,
the Chicago operator who joined the New
York Stock Exchange on Jan. 16, 1886, no
tified the exchange this morning that he was
unable to meet his contracts.
COFFEE SETTLING DOWN.
The Coffee Market Assumes Its Natu
ral Tone and Brokers are Happy.
New York, June 15.—The coffee market
has assumed its natural tone, and there was
no excitement in the trading. At the ojien
ing, when the gavel fell for the first call,
some hesitation was shown by buyers, and
the early transactions were a little below
last night's closing prices, but in a few
minutes the hesitation disappeared and the
bidding tecam tetter and prices advanced
about ten points.
VIRGINIA’S MINERAL LANDB.
Heavy Capitalists Interested and Their
Lynchburg, Va., June 15.—An epidemic
of flux is rnging iu Bedford county A
number of deaths have occurred and
scarcely a family in a largo area has escaped
Maj. John W. Johnston, of Birmingham.
Ala., in connection with Richmond (Va.)
capitalists, forming a syndicate, bus pur
chased a large tract of mineral lauds near
Buchanan, Boteourt county, Va. The
Northern men interested in building the
Virginia Western railroad have also taken
an option on the immense bodies of mineral
properties near the same place. This has
caused much excitement in tho county.
The Next State Convention Called for
Aug. 4, at Roanoke.
Richmond, Va.. June 15.—The State
Democratic Executive Committee met here
to-day and decided to call the State con
vention for Aug. 4 next at Roanoke. The
representation is to be one delegate for
every 200 vote® cast for Gov. Lee.
SAVANNAH, GA., THURSDAY., JUNE 16, 1887.
NEW REVENUE COLLECTOR.
How the President Cut the Gordian
Knot in North Carolina.
Washington, June 15. —The President
to-day issued an order modifying his recent
order, consolidating the internal revenue
districts, so far as it affects the collectors of
the districts in North Carolina. Tho resig
nation of Andrew J. Boyd as the Collector
of the consolidated Fifth district of North
Carolina, is revoked, and Kerr Craig, of
Salisbury, is appointed to be the Collector
of that district from July 1 next. No
changes whatever have been made in boun
daries of districts as fixed by original order,
and it is understood the President has de
cided that there shall be none.
WHY IT WAS DONE.
In response to tho above subject the Star
this evening has the following : “The
internal revenue trouble in North Carolina
has teen settled by the action of the Presi
dent in appointing Kerr Craig, of Salisbury,
N. C., Collector for the new Fifth district.
Three collection districts in North Carolina,
known as the Fourth, Fifth and Sixth, were
recently consolidated and two now districts
created, named the Fourth and Fifth. The
new Fifth district included the whole
territory of the old Sixth
with the addition of six countias
taken from the old Fifth. The effect of the
consolidation was to leave Mr. Dowd, Col
lector of the old Sixth district, the only resi
dent collector in the new Fifth, and to make
Collectors Yarborough and Boyd, iwidents
of the new Fourth district. The recent
order of consolidation designated Collector
Box’d, a resident of the Fourth district, to
be the collector of the new Fifth district, in
which Maj. Dowd resided. Senators Vance
and Ransom and Representative Henderson
recently called upon the President and laid
the whole case before him. The President
considered the matter very carefully, and
finally concluded that the only way "out of
the difficulty was to select anew man. It
was conceded that Collectors Boyd and
Dowd ha/1 been faithful officers, but
it was feared any decision iu favor
of either, would necessarily wound
the feelings of the other. Mr. Craig was
therefore selected, upon the recommenda
tion of Senators Vance and Ransom, who
both heartily endorse him. He stands very
high in North Carolina, and is a lawyer of
ability. He enters upon the duties of his
office July 1. He is a son of the late Bur
ton Craig, a member of Congress for several
successive terms. Mr. Kerr Craig has
served in the State Legislature and was
nominated to Congress, but declined. The
same convention nominated John S. Hen
derson, who now holds the seat.
ECONOMY IN THE DEPARTMENTS.
Attorney General Garland to-day issued
an order fixing the compensation or all the
Asssistant District Attorneys employed at
fixed salaries for the fiscal year, beginning
July 1 next, at a rate of 20 per cent, less
than that now paid. The order also directs
the discharge of all the assistants whose ser
vices can be dispensed with without detri
ment to the public service. The short ap
propriations is the cause for this action.
FORAKER IN A STEW.
He Rages Over the Return of the Con
federate Battle Flags.
Columbus, 0., June 15.— Gov. Foraker
to-day received a telegram from D. Put
nam, Springfield Department Commander
of the Grand Army of the Republic of Ohio,
urging him, in behalf of the 39,000 comrades
of this department, to protest to the author
ities at W aahington against the return of
the Confederate flags captured by the sol
diers of Ohio. The Governor forwarded the
teiegrnm to Mr. Cleveland and said: “In
transmitting this message I desire to com
ply with its request and do most earnestly
protest against, the action upon which it re
lates. I earnestly request you to revoke the
order that has given such unqualified
offense.” Gov. Foraker also sent a telegram
to Gen. Boynton, at Washington, asking
him to take legal advice and institute pro
ceedings to enjoin the return of the Con
federate flugs which were captured by the
MURDER AND SUICIDE.
Creeds Cause a Man and Wife to
Quarrel With Fatal Results.
Jersey City, June 15. —At noon to-day
Charles .Burch, a Jersey City policeman,
three shots at his wife, fatally wound
ing her. He then shot himself in the head
and died. The couple had been married
about eleven jrears and had three children,
the eldest of whom is 10 years of age.
Burch was a Protestant and his wife a
Catholic, and because of their religious
differences they quarreled frequently. It.
is thought that this morning the shooting
followed one of these quarrels.
A SYMPHONY IN WHITE.
Successful Commencement Exercises
of the Salem Female Academy.
Salem, N. C.. June 15.— I The eighty-third
annual commencement of the Salem Female
Academy, and one of the most successful in
the history of the institution, closes to-night.
The programme of the day consisted of
music and graduation essays. There were
forty-four graduates. Twenty-seven of
them were in the academy course, eleven in
the commercial course and six in music.
The exercises ended with a grand concert.
SOUTH AMERICAN SQUABBLES.
A Rebellion in the Argentine Republic
Suppressed-Many Lives Lost.
Panama, via Galveston, June 15.—A
dispatch has been received from Villa Marie,
a town in the Argentine Republic, to the
effect t’aat the revolution which broke out
in the province of Tucuman, i|Ajmt re
public, has been suppressed by
government, with a loss of 400 lives. Also
that the Governor of the province and his
minister* have been taken prisoners.
Two Men Killed While Drilling
an Unexplodod Blast. *
Marquette, Mich., June 15.—While J.
O. Ryan and Harry Treloar were drilling
out a blast which had missed fire, in the
Paint river mine, at Crystal Fails yesterday,
the blast went off, blowing off tho heads and
arms of both the men ami horribly mang
ling their liodies.
New Officers Elected at the Fortress
Fortress Monroe, Va., June 15.—The
Passenger Agents’ Convention to-day elected
Charles Harmon, of Atlunta, President;
Fred Bush, of Atlanta, Vice President; H.
C. Halabird, of Cincinnati, Secretary, and
J. A. Quinlan, Treasurer. They then ad
journed. __________ *
Incendiary Blaze at the Hub.
Boston, June 15. —8 t. Mary'* Episcopal
church was guttl’d by fire this morning.
The ires Is about SIO,OOO. Tho tire is be
lieved to be of incendiary origin.
WILL NOT BE SUSPENDED.
THE CLAUSE FOUR DECISION RE
CEIVED AT LAST.
A Voluminous if Not Satisfactory Pa
per—ln Effect the Railroads are to Go
Ahead and Interpret the Law, and
Make Their Own Tariffs, but at Their
Washington, June 15.—The Interstate
Commerce Commission rendered to-night its
long-expected decision ui>ou the fourth sec
tion of the interstate commerce act. The
decision is made upon the petition of the
Louisville and Nashville and other railroad
companies, which were among the first to
apply for relief from the operation of the
fourth section of the law. The decision is
very long, comprising more than 15,000
words, but its most, important feature is the
announcement that the commission is satis
fied that the statute does not require it to
prescribe in every instance—only in excep
tional cases—and then grant its order
for relief, tefore the carrier
is at liberty in its tariffs to depart from the
general rule. * * * * The carrier must
judge for itself what are substantially
similar circumstances and conditions, which
preclude a special rate, or a drawback
which make unlawful discriminations by
second section, since no tribunal is em
powered to judge for it until after the car
rier has acted, and then only for the pur
pose of determining whether its action con
stitutes a violation of the law. The carrier
judges on the peril of tho consequences, but
special rates, which it grants, are not
illegal when it turns out that
the circumstances and conditions
were not such as to forbid it, and as Con
gress clearly intended this, it must also
when using the samo words in the fourth
section, have intended that the carrier,
whose privilege was in the same way
limited by them, should in the same way
act upon its judgment of the limiting cir
cumstances and conditions. The commis
sion will not undertake to decide what con
stitutes a “discrimination” under substan
tially similar circumstances and conditions,
but will leave the railroad companies in
fixing their tariffs to act upon their own
judgment and on their own risk.
For the guidance, however, of the railroad
companies, the commission in its decision
has considered at great length nearly all of
the questions raised under the fourth section
of the law, and has reached conclusions as
1. That the prohibition in the fourth
section against a greater charge for a shorter
than a longer distance over the same line,
in the same direction, the shorter being in
cluded within the longer distance, as quali
fied therein, is limited to the ease in which
the circumstance and conditions are sub
2. That the phrase, “Under substantially
similar circumstances :jid conditions," in
the fourth section is tired in the same sense
as in the second section, and under the qual
ified form of the prohibition in the fourth
section the carriers are required to judge in
the first instance with regard to the simi
larity or dissimilarity of the circumstances
and conditions that forbid or permit a
greater charge for the shorter distance.
3. That the judgment of the carriers in
respect to the “circumstances and condi
tions'' is not'final, but is subject to the
authority of the commission and the courts
to decide whet her an error has been com
mitted, or whether the satute lias been vio
lated; and in ease of a complaint for vio
lating the fourth section of the act. the bur
den of proof is on the carrier to justify any
departure from the general rule prescribed
by the statute, by showing that, the eiivum
stances and conditions are substantially dis
MThat the provisions of section 1, re
quiring thsse cnrfrgns to lie reasonable and
just, and of section 2, for bidding and un
just discrimination, apply, when exceptional
charges are made, under section 4 as they do
in the other cases.
5. That the existence of an actual com
petition which is of controlling force, in
respect to traffic important in amount, may
malic out dissimilar circumstances and con
ditions entitling the carrier to charge less
for a longer than fora shorter haul over the
same line in the same direction, the shorter
taring included in the longer, in following
cases: 1. When the competition is
with carriers by water, which are not
subject to the provisions of this statute.
2. When the competition is with for
eign or other railroads which are not
Mibject to the provisions of this statute.
3. In rare and peculiar cases of oompeti
tion between railroads which are subject to
the statute, when a strict application of tho
general rule of the statute would bo de
structive of such competition.
6. The commission further decides that
when a greater charge, in the aggregate, is
made for the transportation of passengers,
or a like kind of property, for a shorter
than for a longer distance, over the same
line in the same direction, the shorter teing
included in the longer distance, it is not
sufficient justification therefor that the
traffic, which is subjected to such greater
charge, is way or local traffic, and that,
which is given more favorable rates is not;
nor is it a sufficient justification for such
greater charge that, the short haul traffic is
more expensive to the carrier unless, when
the circumstances are such as to make it ex
ceptionally exjiensive, or the long haul traffic
exceptionally inexpensive. The difference
being extraordinary and susceptible of
proof, nor that the lesser charge on the
longer hauls has for its motive tLe encour
agement of manufactories or some other
branches of industry, nor that it is
designed to build up business or trade
centres, nor that a lesser charge on a longer
haul is merely tho continuation of the fnv
oralJe rates under which trade centres or
industrial establishments have been built
up. The fact that the long haul traffic .will
only tear certain rates is no reason for car
rying it for loss than cost at the expense of
In considering the oases governed by the
. fifth conclusion in the above abstract the
L-ommlssion takes up first, competition with
■carriers by water, and says: ,f lt was fairly
shown before us that instances exist ami
may be found along the routes of the peti
tioner's lines in the State* of Kentucky.
Tennessee, Georgia, A labium. Mississippi
and Louisiana, where the competition of the
water ways forces down the railroad
rates below what is jswsible to
make them as non-competitive points
and still maintain the roads
with success or efficiency. * * * The
only question that fairly arises in regard to
it, is whether the competition is kept within
proper bound*. Low rates are a necessity
of the situation, and if the railroads com
pete with water transportation, either on
ocean or on the navigable rivers, they have no
choice but to areept such rates. Toc'-mjiel tho
roads to observe strictly the general nil* laid
down by the fourth section, would neces
sitate thir abandonment of some clone* of
their business in which their competition
with water transportation is now of public
importance. Railroads must either be
allowed to comjicte with vessel owners and
make low charge# for that purpose or they
must leave the vceel owners in pom-
session of the business, without a check
upon charges which the competition would
afford. A question here is whether this
limitation of the competition was intended
bv the statute, or, on the other hand, did
Congress intend that the existence of the
competition might in some cases make out
dissimilar circumstances and conditions,
which would suppose a greater charge for a
shorter haul, even though it might be over
the same line in the same direction, the
shorter being included in the larger dis
tance.” The commission then reviews at
THE HISTORY OF PROCKKIMNOS
in Congress which resulted in the adoption
of tin* fourth section as it now stands, and
comes to the conclusion “That in the House
ns well as in the Senate, it was understood
that tlie existence of competition was in
tended to be included in the margin of dis
cretion provided for by the Senate measure,
and that in llimlly rejecting the long ami
short.haul clause of the House bill, which
prescribed an inflexible rule not to bo do
parUxl from in any case, and retaining iii
substance the fourth section as it lmd passed
the Senate, loth houses understood that
they were not adopting a measure of strict
prohibition in respect to charging more for
a shorter than for a longer distance, hut
that they were instead leaving the door
open for the exceptions in certain cases, and
among others, in the cases where the cir
cumstances and conditions of traffic were
affected by the element of competition, and
where exceptions might, lie necessary if
competition was to bo continued, and water
competition was, beyond a doubt, especially
in view.” * * *
FREIGHT DURDENS PROPORTION ATE.
“Every railroad company ought, when it
is practicable, to so arrange its tariff that
the burden upon freights shall be propor
tional on all portions of its line, and with
the view to n revenue sufficient to meet, all
items of current expenses, including the
cost of keeping up the road, buildings ami
equipments, and of returning a fair profit
to the owners, tut it is obvious that in some
cases, when there is water competition at
leading points, it may be impossible
to make some portion of the traffic
pay its equal proportion of the whole cost,
if it can then be made to pay anything
toward the cost, above what the taking of
it would add to the expense, the railroad
(Might not, in general, to he forced to reject
it, since the surplus, under such circum
stances, would be profit.”
WHERE OTHER LINES ARE FREE.
With regard to point second of conclusion
five, relating to competition with other rail
roads not subject to the law, the commission
“The question whether railroad competi
tion with other railroads which are not sub
ject to the control of this law can present a
case of dissimilar circumstances and condi
tions within the meaning of section 4, may
possibly bo one of greater doubt. * * *
“Tlie competition with the Canadian
roads may present a case of dissimilar cir
cumstances, whenever such roads compete
with the United States roads for the
business between one part of our
country, and another state of circumstances
arises as to such business which justifies the
American roads in meeting such competi
tions by corresponding rates, without re
gard to the fart that in so doing the rates
between the terminals may be reduced Is
low the rates to and from intermediate
places. The fact that the American roads
are left free to meet such competition, is of
itself an assurance that no extensive war of
rates is likely to lie engaged in by the Cana
WITH NEIGHBORING ROADS.
With regard to point three of conclusion
five the commission says: “The competi
tion with each other of the roods which are
subject to the Federal law, can seldom, ns
we think, make out a case of dissimilar cir
cumstances, within the meaning of the
statute, because it must seldom occur that
is would be reasonable that their competi
tion at the |Kiints of contact should te
pressed to the extent that would create a
disparity of rates on their lines which the
statute seeks to prevent. “Some eases, how
ever,” the commission says, “will exist in
which, unless the force of strictly railroad
competition is allowed to create exceptions
under the statute, an existing competition
which is supposed to be of public interest,
must come to an end, and where that is the
case strong lines will in general be the gain
era, at the expense and sometimes to the
destruction of of those lines which
are weaker.” With regard to
point one of conclusion six the commis
sion says: “The fact that tho shorter
haul is of local traffic and the
longer is not „we cannot accept, an making
nut a case of dissimilar circumstances ami
conditions, within the meaning of the
statute. The claim to that effect, which
was advanced in support of one of the ap
plications, rest* upon the theory that tue
railroads are constructed for the speoinl
accommodation of the traffic along their
AN ERRONEOUS THEORY.
“But. this theory has very little founds,
tion in fact. It is not true, as a general
rule, that the railroads are constructed in
exclusive reliance upon the local traffic; on
the contrary, the through traffic is also con
templated and is sometimes expected to
yield returns greater than the local traffic
‘is likely to give, and whenever a road is
constructed with special regard to the local
traffic it is very likely to te the case
that tho local communities take upon
themselves the especial burdens in aid of
the construction. When they “do so they
may justly claim that their traffic should te
favored if discrimination is to te admitted.
There are eases, also, in which the roiids
have been constructed with a special regard
to the long hauls, some of them with the
aid of government grants, and in such cases
the theory lacks all plausibility.”
COST OF LOCAL TRAFFIC.
With regard to point two of conclusion
six, the commission says “that the cost to
(lie carrier of handling and transporting of
the local traffic is greater than that of the
traffic carried long distances, is a fact which
may, with greater reason, when the differ
ence is considerable and clearly shown, be
claimed to rnake out a ease of dissimilar cir
cumstance* and conditions under the stat
ute. We may well believe, there
fore, that the statute in its
provision against, a greater charge
for a shorter haul, did not intend
that the difference in cost should, as a gen
era! fact, he the governing consideration to
the extent that would support the greater
charge for tho shorter haul, in cases in
whieri such greater charge was
in general prohibited. Where there
ore circumstances to make the
short haul exceptionally expensive, or the
long haul relatively inexpensive, the differ
ence in rate* may still Ist made within the
limitation of the statute; but to make outan
exceptional ease, in which the general rnle
of the statute may be disregarded, on the
ground that the drcumstancoe are not sim
ilar, the difference in cost should itself te
exceptional, and be capable of proof amount
ing to practical demonstration.”
ALL ON ONE COMMON FOOTING.
With regard to eases embraced in points
throe, four and five of conclusion n, the
commission expresses the opinion that the
establishment of trade rent res and building
up of the manufai'tures and cither industries
by a greater charge for a shorter than a
longer haul Is liable to favor some nt the
expense or to the unjust prejudice of others.
I “The unrestricted power to make such
I rates is liable to infinite abuses,
and in the earnest and somethin s
unreasoning rivalry of the roads,
tt has, no doubt, often lieon employed, as
much to give more volume to the business
ns for any anticipated net revenue, and the
wrongs have in such cases far exceeded any
possible advantages. * * * As between
the different localities, it, is no sound reason
for discriminating in favor of one as against
another; that the pmqxise is to build up the
favored location, and, if discrimination has
existed and has had its effect, the fact that
large establishments have thereby been
encouraged is no reason why the injustice
should lie perpetuated.”
THEIR SUMMING UP.
In conclusion the commission says;
“These general views will indicate, ns far ns
wo deem necessary, the bounds within
which the railroad managers must limit
their action in making charges which ore
greater in the aggregate for the transporta
tion of passengers, or of like property, for
shorter than for longer line, the shorter be
ing imiu,U',l in the longer distance. With
their responsibility to the law and to the
restraining power of the commission, incase
the bounds are exceeded, it may lie
ex (looted t hat, all carriers will bring
themselves into conformity with the general
law so far as it may he found reasonably
practicable. Our observation and investi
gations, so far made, lends to the conclusion
that strict conformity to the general rule is
possible in large sections of the country
without, any material injury to either pub
lic or private interest, and that in other sec
tions the exceptions can bo made much less
numerous than they have been hitherto.
Very many of the roads, as we are in
formed, have so arranged their tariffs as to
make no exoeption, and where that, has been
proved to be reasonably feasible, the return
to the former custom cannot Ire tolerated.
In any cast' in which the company
fails to bring its tariffs in conformity with
the general rule, and parties whose interests
are thereby unfavorably affected complain,
it must tie prepared to justify its action, by
a -showing of the cireunistani'es and condi
tions which render it just, and reasonable.
In the views aliove expressed the members
of the commission, after a full considern
tion, are unanimous. The order for
temporary relief, which was made in favor
of tno petitioner will he nllowcd to remain
in force until the day originally allotted for
its expiration. The temporary orders which
have been made in some of the petitions
will lie permitted to remain in force until
the expiration of the time originally limited
THE BLUE AND GRAY.
Pleasant Compliment Paid the Boys in
Gray In New York.
New York, June 16. —Sixty-seven mem
bers of the Htelnwehr Post No. 192, Grand
Army of the Republic, turned out to-night
to speed the lsiys of Robert. E. I/* 1 Camp
on their journey to Boston, w here they arc
to participate in the celebration of the
battle of Blinker's HtlL to-morrow. The
Southerners arrived on iftpecial train 'mm
Richmond ahout s:46thisafternoon. Ktein
w-chr Post, drawn up in line, greeted
them with cheers, and the blue anil the gray
inarched together to the annex boat, where
cheers were again interchanged. In uddi
tion to the Bteinwehr Post, some of the Lae
Camp men living in New York were down
to meet their comrades. The annex Ixiat
took the party to the Fall River pier. On
the way over the [/*o Camp fifes and drums
struck un “Yankee Doodle,” About, 6:45
o’clock the steamer Bristol hore them off
amid loud cheers.
OUT AT CLEVELAND.
Immense Throng of Laborers Out from
Cleveland. 0., June 15.—The striking
car loaders at the ore docks of the New
York, Pennsylvania and Ohio railroad were
out in force this morning, and the colored
men, who were at work, were put into the
cars, which were immediately pulled out to
a small town just without the city. The
strikers then visited the docks of the Cleve
land and Pittsburg Railroad Company, the
Valley Railroad Company, and the Cleve
land Rolling Mill Company and induced the
men at work there Pi join them. No vio
lence was offered and no damage done to
property. The dock hands all along the
river are now out, and the jiolice are afraid
that there will lie a collision.
COKE OPERATORS FIRM.
All Co-operate and Refuse the Ad
vance Demanded by the Men.
Pittsburg. June 15.—At a meeting here
to day all the coke producers in the MrCon
nellsville region, except Carnegie Bros., It
was unanimously resolved to reaffirm their
position not to grant the advance demanded.
The advisability of reducing the price of
coke, as demanded by the furnace owners,
was also considered, hut no action taken.
Refusing the demands of the workmen will
prolong the strike, and indicates a determi
nation on the part of the operators to resist
The Bier Prices Paid In London for
London, June 15.—At the snfc) of Lord
Crawford’s library to-day a Manzarin,
otherwise a Gu ten burg Bible, the earliest
hook printed with moveable metal tyjie,
was put up at £6bo and was sold for £2,550.
Tyndale’s Pentateuch, in black letter,
brought £355, and Tyndale's New Testa
ment, in black letter, £'SU).
CRAIG TOLLIVER AGAIN.
An Ex-Sheriff Assassinated by Un
known Persons In Kentucky.
Louisville,'June 15.—Ex-RheriT Kamey,
of Rowan county, and his son, were assa*
sinaled by unknown persons near Morebead
last night. The Craig Tolliver crowd are
Switched Off With $7,000.
Kansas City, Mo., June 15.—1n an in
terview last night Grand Master En
gineer Monahan dec land that the rumors of
London’s shortage were correct and that
the amount, as thus far ascertained, is
alsmt #7,000. Circulars have been spread
broadcast from the Chicago jkJlco liead
i|iiarters, that city l>elng Condon's I’osidenoc
since his election.
The Britannic Salle for Home.
New York, June 15. —The White Star
steamer Britannic, which has been repaired,
soiled to-day for Liverpool. The same of
ficers, who had charge of her when she col
lided with the Celtic, were in oommand, hut
probably some changes will be made in
(heir ranks when the steamer reaches her
William E. Gets There.
Concord, N. H., June 15.—The legisla
ture in joint session to-day elected Wflliam
E. Chandler Senator for the late Mr. Pike’s
1 PRICE gin A YEAR. I
| 5 CENTS A COPY, f
DAVGER TO THE QUEEN.
ALLEGED DISCOVERY OF A DYNA
Prominent Plotters Said to be Prepar
ing for Mischief-Detectives on the
Trail -Rossa of No Account—Mr.
Gladstone to Close the House of
Commons Debate Friday.
London, June if. —ln the debate on the
crimes bill to-day, Mr. Finlay Liberal-Un
ionist, moved an amendment that any as
sociation or associations to be proclaimed,
to be specially named in the proclamation.
The government accepted the amendment,
Mr. Healy moved to omit the words “or as
sociation,” so that each proclamation should
deal with only one association. Thin
Mr. Balfour ref used to accept. Mr. Clancy
said that Mr. Finlay's object a* a
Liberal-Unionist was to enable the
Viceroy to mix together the National
League and some murder organization. Mr.
Dillon denied that there ever existed any
National Irish Association, whose object
was to commit crimes; but there were
moonlighters, he said, through whose exist
ence the Viceroy would have power to pro
claim the National League, or even the
whole of Ireland. Mr. Healy s motion wan
rejected by a vote of UK) to 145.
APPROACHING THE CRISIS.
Mr. Gladstone will close the dehate on the
crimes bill on Friday with a criticism on
the coercion hill and the general policy of
the government in Ireland. Mr. Smith
proposes to stop the debate and to declare
the bill through the committee stags at 10 p.
in. Friday, it is expected that the mem
bers of the opposition will thereupon, with
out, voting, leave the house in a body.
Mr. Harrington, Mr. Chamberlain, Sir
Henry James, and other prominent, Union
ists who were asked to become the trustees
of the National Liberal Club have declined
the honor. ,
THE QUEEN IN DANGER.
Th following is from /in official source:
Information has lieen received in London
which leaves no doubt that the dynamiters
have arranged to commit an outrage, or a
series of outrages, during the jubilee week,
but the authorities have full knowledge of
the conspiracy and those engaged in it, and
are confident that they win defeat, the
plotters. For months past reports of the
movements of prominent plotters abroad,
and their probable accomplices in England,
have been received in London almost
daily. The chief parties have been watched
during the same period, in view of the ar
rival of certain suspects, without previom
notice having been received from the Brit
ish agents abroad, The movements of Pat
rick Casey arid his associates in Paris, who
have been very active lately, have been
closely followed by the special detectives,
and others outside' of the Casey ring are
also known to have lieon watchal. Room’s
complaint to the New York police on June
and was absurd. He requires little watching.
Others in New 55irk and elsewhere are more
important,, and are constantly being
shadowed and reported upon.”
EVICTIONS AM. EINISHED.
The evictions At Rodyke were finished to
day. The work of eviction was done quietly.
A BEFOGGED RACE.
Dense Fogs Make the Jubilee Yacht
Races a Failure.
London, June 15.—The steamer Norharu
Castle, from wliicjj the Prince of Wales
started the jubilee yacht race yesterday, hut
which he left, at the Mouse Light, and re
turned to London, reached Harwich at 5
o’clock this morning. The fpe had been so
thick during the night that tn vessel was
obliged to anchor. Five hundred and
eighty of her passengers remained aboard
all night, and landed at Harwich this morn
ing and returned to I/rtidon. The Genesta
passed the Norharn Castle during the night
and the Dawn passed twenty -fl ve minutes
later and whs followed five minutes after
ward by the Aline. The weather continued
hazy with the wind from the Southeast.
ONLY A YACHTING INCIDENT.
The American schooner-yacht. Dauntless,
which is biking part In the jubilee race
around the British isle*, was run into off
Aldeburgh during this morning by the
steamer Pandora. The Dauntless received
only trifling damages.
ON THE TRACK.
Yoeterday'e Interesting Events at th*
Brooklyn Jockey Club Races.
New York, June 15. — The following
were to-day’s events at the Brooklyn Jockey
First llwx Five eighths of a mile Salusbury
won. Hramhleton second and Mona third. Time
Second Racs- -One and one-eighth miles.
Richmond won. Swift second and rhlckabora-
InV third Time 1:57.
Tman Raci Five eighths of a mile. Rallsten
won. Mary Buckley.filly, second and Lottie Fill
more third. Time COifu.
Fourth Race Three Fourths of a mile. Tor
nado won, Kuiyvesant second and J. W. White
third. Time 1:16.
Firm Race--Three quarters of a mile. Tea
Truy won, Ford ham second and Salvini third.
Sixth Race—One mile and seventy yards.
Orlando won, Wlndsall second and Burton third.
ST. LOUIS RACKS.
Ht. Louie, June 15.—The attendance was
very fair to-day. The following races came
First Race One and one-sixteenth miles.
Spalding won, with Wyandotte Chief second,
and Alexander third. Time 1:51 G.
Second Rack One and one-eighth mile*. Da
nina walked oxer.
Tiiikd Race One mile and a quarter. Miss
Ford won. with Jacobin second, and F.gmont
Fourth Race One mile and a quarter. War
Sign won. with Peter Willis second, and Alamo
third. Time 2:11 J*. _ _
A ROPE AWAITS HIM.
A Negro Murderer Boast* of His Deeds
and Threatens Another.
Eastman, Ga., June 15.—Gub Bishop, aa
inoffensive negro, was shot and killed to-day
by Jack Harrell, a desperate negro man, in
Pondtown district, Dodge county. The
only provocation U said to have been that
Harrell had previously had an altercation
with one Tom Ball and hob cut him severe
ly. Upon meeting Harrell, Bishop told him
he ought uot to have cut Bull its he had
done. Ball being a special Iriend of his
(Bishops), though at the same time ho stated
he did not wish to take tip the difficulty,
whereupon Ham-ll shot him through the
head, without another word. Harrell has
not been arrested, end reports say he asserts
he will not be arrested, ami that he now in
tends to kill Ball and leave the country.
POOR DOG TRAY.
He bos the Rabtee and 9og Killing
Parties are at Work.
Apalachicola, Fla., June 15,—Reports
from the adjoining county of Calhoun, state
that an epidemic of rabies among the dogs
prevails there. Much excitement prevails
and dog killing parties are organizing