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j ESTABLISHED I*so. j 1 H. EhTILL Editor and Proprietor. )’ WHEAT HOLDING ITS OWN CHICAGO BULLS MORE SCARED THAN HURT. 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 ing. At this point the Secretary rapped for silence. It was a difficult thing to obtain, but when he finally prevailed, he read the following: “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. WATCHING DEVELOPMENTS. 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 than yesterday. 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 further.” 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 kets.” 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 money easier.” 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 Development Insured. 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 the disease. 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. VIRGINIA'S DEMOCRATS. 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 Ohio troops. 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. CARELESS DRILLINfI. 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. PASSENGER AGENTS. New Officers Elected at the Fortress ’Monroe Convention. 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 Own Risk. 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. THEIR CONCLUSIONS. 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 follows: 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 stantially similar. 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 similar. 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 other traffic. water competition. 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 some length 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 says; “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 dian roads.” 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 lines respectively. 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 iu each.” 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 Various Industries. 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 strikers. ANTIQUARIAN LORE. The Bier Prices Paid In London for Old Books. 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. i.— 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 suspected. 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 destination. 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 unexpired term. 1 PRICE gin A YEAR. I | 5 CENTS A COPY, f DAVGER TO THE QUEEN. ALLEGED DISCOVERY OF A DYNA MITE PLOT. 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 Club: First llwx Five eighths of a mile Salusbury won. Hramhleton second and Mona third. Time 1:08)4. 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. Time 1:17. Sixth Race—One mile and seventy yards. Orlando won, Wlndsall second and Burton third. Time 1 ST. LOUIS RACKS. Ht. Louie, June 15.—The attendance was very fair to-day. The following races came off: 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 third. Tlme2:o7. 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