The morning news. (Savannah, Ga.) 1887-1900, November 13, 1890, Image 1

The morning news., November 13, 1890, Image 1

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Newspaper Page Textl THE MORNING NEWS f } Kstabusbed ISA* I . IscoaponATXD 1888. V j J. H. ESTILL, President. ( STOCKS A PEG HIGHER. A MATERIALLY EETTER FEELING ON AIL SIDES. The Action of the C earing House Committee in Coming to the Rescue of the Banks and a Better Feeling in London the Cause of the Rise Here- Some of the Big Jumps. Sew York, Nor. 12, 12 m.—Money is tight at per day and interest. The stock market developed new strength after 11 o’clock, and, while money was loaning at % per cent, and interest, prices rose materially, and everything traded in reached the highest prices of the morning, the extreme feverishness of the first hour still continued, but a better tone was noticed *ll over the list. Another advance in the latter portion of the hour sent North Amer ica,, to 20%, Northern Pacific to 21, and .referred to 62, although these prices were not held long. Trusts were compara tively quiet and sugar up 2%'. At noon the market was active and strong, geaeruliy at the best prices of the morning. The London market closed steady at irreg ular but slight changes from yesterday’s. basks stand shoulder to shoulder President F. B. Tappen of the Oallatin Rational Bank, a member of the New York Clearing House committee, said to B n Associated Press reporter at 11 o’clock this morning: “Our committee is now in session signing certifi cates for banks which require them, but the indications are that the issue will be very small, say probably not more than $5,000,000, which, when compared with the issue of $27,000,000 in ]<S4, is, you can see, a mere trifle. There is nothing in the situation, so far as the as sociated banks are concerned, that is at all disturbing, and there is not the slightest reason to anticipate any disturbance in finance in tills center. Our action of yester day in deciding to issue clearing house cer tificates was merely precautionary, so that if a crisis should come we would be pre pared for it. We did not anticipate any Eucb disaster, but believed it to be the part of wisdom to forestall rather than to have to meet it. We are entirely satisfied that the situation will improve.” THE LONDON MARKET, i The London market to-day was quieter. I American securities were lower, and others I >i;ghtly weaker. There are rumors of fail- I ures. I In viewof the fact that London is regard- I ed a; ti e main factor of the situation, it I may be important to know that bullion is I being shipped from many financial centers ■to that point. Half a million silver bars go I forward to-day on the steamship Soale, and I cable advices state that Russia has sent I 2.000,000 francs in gold and will send 2,000,- I IE I franc., additional. ■ THE NORTH AMERICAN RAILROAD. B The stockholders of the North American B railroad met in tho Mills building to-day, B icd the statement is authorized that tho ■ company has but few creditors, that these ■re strong financially, and have agreed to B see the company through, and that the ■ assets of the company are wholly Intact. B The sterling exchange market is very doll Band - rices nominal. Bankers show little B disposition to do business, owing to the B high rates for money. The Bank of North ■ Amsriea was a creditor at the clearing ■ Louse to-day, and the oillcials state thoy are I again in good shape. I At 12:30 o’clock the suspension of F. C. I Walcott n Cos. was announced on the ox- I change. I the delivery hour passed. I New York, Nov. 12, 2:30 p. m.—The I critical period of the day on tho exchange I —the delivery hour —passed without the an ■ nouncement of any additional failures, and I the financial horizon is decidedly clearer. I New York, Nov. 12, 3p. m.—Money on I call has been stringent, ranging from 3 to I 51 per cent., with the last loan at 0 per ■ cent. I The stock market in tho lost hour was ■ marked by increased animation with the ■ usual sharp fluctuations and a general ris ■ iug tendency, although only in Louisville, ■ wtiich touched 75%, and sugar, which rose ■to 59, were there any material ■ advances. Later, however, the grangers bc- B came a feature, and Hock Island touched ■ jiOandSt. Paul 49%. The market closed ■ active and strong at about the best prices of ■ to-day. One small failure was announced ■ late that of Benjamin J. K. True, a stock ■ trover, but little uotioa was taken of it. B A REVIEW OP THE DAY. H °RK, Nov. 12, 7 p. m.—The stock ■ to-day showed a materially better ■ ‘■w.mg, both iu the street anil outside, and ■y'' as mo3t gratifying confidence ilis ■ Layed that not only was the worst now but that the improvement would be ■ou'cii and sharp. The action of the eiear ■ : ;se committee in coming to the relief he tanks in thedifflculty was the means tho confidence of many, while improvement in the situation abroad ■r? a Powerful factor to that H ' '. °Jy "ere the active stocks r: 1 "' 1 ’ r a! ‘ ,la >' lo "R- but the ina tive . , v , lch yesterday couid not find Hr -e a '? pnce ' t,lla J r were taken at H advancing figures, and the heavy IK; s!iares was in a great measure K ir L,<t' Jbe liquidation iu Villards is have ,:lark ed the culmina- - "A"rts to force complete liqui street. As those stocks bad f ‘ ,roe applied for much longer Hi" an >' other group of stocks on “ .Hnyrewion now is that the , 101 has been changed for tne , ' :,d that tlie improvement in the - or. w affairs wul be followed by ~!n ' 1063 a!1 along the line. There tumors of further trouble in H. . ; and tne North River Bank [H ■ "‘lands of ■ n examiner late in tho fact was not made ■it,.)',, ‘ I; a 1 ter the close of business. !>wer e heavy buyers all day long ■ . J ransact ions for foreign account i ,V. c"* e tliat a st spicion that late sales 'd. ui were tor the short account was expressed. Klh lIONEY WKRY HIGH. h;?rh a i?n r , ! i tes for st °cks have been ■ r M’-L wh lf .hi. he ii r,quiry has bf,on very ■ . ' ~Q would go to give cslor to the e ,-”' n “y was still tight at the ex- H- ii.r it” a 9 roiu 'um of cent was exaet- Hetei tha.". t fcr , tbe day, while it was be- Hh'. , ;s ‘ f. !l anks were leaning to their Mv ;: ; .'sfict >ry collaterals at rates ■ u-niagbout h „ e f Ka L flßure - , Uuyu ‘ e ow out * *be most con ®s-tr fe-iino/ 4 . aud reflected an B* eeneral S, K ;f° U • m mono y and as to BW had (lr ‘ tUat ‘V n ' The report that Kkitic ag-,11 ' ! ' ur °d control over Union the “ S for all it was worth, B° r y. and t, ,t„' owe d no response to the ■ 1 v fc ' a - " as on l>' fairly active and ■‘er- Wer ,. i,. n ,V l , f)[“ tivel '' narrow range. K a Companv wl?- tbe NorthAmeri- Biwrs annou^l^ ln tr °* , blc, and while the ■I eugagemt. th^ they httd tiJed over a: (1 ~ v , n^ s ’ , t t le Bt °ck was sold B'duci with tHien freely, failed to sespteiaii v \| J email1 der of tb e list, and B-’t'-era Pacifli, ! . 8 ® l s!j n comparison with B" e ver. were r l' Yll ° transactions in it. ■‘ r ‘-med a t, r „?, a an enormous scale anrl ° f lhe total THE GENERAL LIST FEVERISH. The general list was very /everlsb, but there was r.u almost continuous advance in prices from the opening to the cloee. Early London figures showed again marked im provement over ours of last nigut, and we followed with advances of from Ito 8 par cent., and, although the selling was very heavy m the early trading, the demand was such that tue list failed to g > much under the opening prices. The principal adverse influence at the time was sales for the ! account of suspended Anns, but even this was successfully overcome to sard 11 ! o'clock. Northern Pacifies took tho lead immediately in the tmward movement, aud before noon the entire list followed, placing prices on a materially higher level. The gains extended to everything traded id, and the fluctuations in a few of the specialties attracted considerable attention. Pullmau dropped to 168, the lowest price for a long time, but recovered at the close to 185. Other movements were on a smaller scale, but sufficiently large to cause recovery of most of the losses of yesterday. MORE SETTLED IN THE AFTERNOON. The market became much more settled in the afternoon, aud comparative dullness was seen at times in the list. They were not of long duration, however, and the buying movement took on increased force toward the end of the session, anil the close was active and very strong at about the highest prices of the day. The first advances were almost in variably for material,; amounts, a gain of fractions being the exception. Northern Pacific preferred is up 7 per cent., and common 2%; Wheeling and Lake Erie greferred 4, and common 1%; St. Paul 3%, lurlington and Quincy 3%, sugar refiner ies and C., C., C. and St. Louis 8%, Union Pacific 3%, Atchison 3%, Rock Island 2%, Missouri Phciftc 3%, New York Central 2%, Western Union 2%, and others smaller amounts. Tho sales of listed stocks were 584,000 shares, and of unlisted 35,000 shares. PHILADELPHIA AFTER BARGAINS. Philadelphia, Pa., Nov. la— The mar ket here to-day largely followed the course of the New York market. There is little excitement in Philadelphia, but tho offices here are filled with people who have not been seen on the street in a long time, a'l looking for bargains. TRANSFERS FROM BUB-TRKASURIEB. Washington, Nov. 12.— The Secretary of the Treasury to-day authorized the assistant treasurer at San Francisco to re ceive deposits of funds from bankers de siring to transfer the same by telegraph to the assistant treasurer at New York. This is done to enable persons in New York having funds in Ban Francisco that are not needed there to transfer them for immedi ate use to New York. Tho department will also accord this privilege to other points at which there are sub-treasuries should it act as a means of affording any relief at the present time. A WORLD’S FAIR SPLIT. The President Resigns But ia Ap peased and Reconsiders. Chicago, Nov. 12. —There was a big sen sation in world's fair circles to-day over the action of President Lyman G. Gage, in tendering his resignation to the board of directors lust night. It was said in the morning paq^rathat President Gage had threatened to resign at last night’s meeting. Asa matter of fact, however, he did resign, and temporarily left the directors’ room and went into an adjoiuing apartment. The directors were thunderstruck, and in great haste reconsidered the offensive resolution, and the president once more returned to the room. CAUSE OF THE TROUBLE. An authorized statement by President Gage in regard to the matter is to the effect that tbe trouble arose over a resolution in troduced by Director H. N. Higginbotham in relation to the apportionment of tho fair and the cart which was to go on the lake front. The resolution placed about one-half of the fair on the lake front, including the attractive features. This was contrary to the previous plans, and to clinch the matter the resolution provided that there should be no changes made, and the whole scheme pushed through without any consultation with the national commission.’ This ignoring of the national commission was what chiefly aroused President Gage and led to tbe scene above mentioned. The special committee appointed by the United States House of Representatives on the world’s fair, of which Congressman Candler of Massachusetts is chairman, and the other members are Congressmen Flower, Hyatt, Wilson and Frank, arrived here to-day and will to-morrow begin busi ness in accordance with the resol utlou passed by the House to look into world’s fair matters. ALABAMA’S LBQISLATUBS. A Good Showing for the State Made in the Governor’s Message. Montgomery, Ala, Nov. 12.— Tho Senate and House of Representatives organ ized permanently to-day with the officers named in tbe caucus last night. The gov ernor’s annual message was transmitted to the general assembly. It is an able and com prehensive state paper. It refers with pride to the present prosperous condition of the state, reviewing the condition of public af fairs in a clear and statesman-like manner. The finances are represented to be in excel lent condition. There was a balance in tbe treasury of over $21K), 000. Ti.e property val ue has increased from $173,808,097 in 188(1 to $258,979,575 in 1890. The tax rate has been reduced in that time from 6 to 4 mills. Increased and additional ap propriations are recommended for the sup port of the deaf mutes, the indigent and in sane, the public scnools, maimed and dis abled survivors of the late war and state troops. The public institutions of the stnte are reported to Le under excellent manage ment aud in flourishing condiiion. An in crease of official salaries is strongly recom mended. as is a'so the creation of a com mission on penal servitude, to examine and report at the uext session. The message makes an excellent showing for Alabama’s advancement and progress. MURDER AT A DANCE. One Man Kills Another for Dancing With a Girl. Nashville, Tenn., Nov. 12. —At a dance iu Avondale, Ala., last night, Nathan Terry and Washington Brown quarreled about a girl. Brown told Terry not to dance with the girl again, but the lat er did not heed the warning, and while he was waltzing with her Brown walkoi up and shot him twice through the body, infliciing wounds from whioh he died shortly afterward. Suicide of a Traveling Man. Charlotte, N. C., Nov. 12.—Walter W. Hester of Winston, traveling for I. Faust & Son of Baltimore, committed suicide to, day on a train near Kernersville by shoot ing himself through the head. Melancholy is assigned as the cause. Cuba’s Tobacco Crop. Havana, Nov. 12.—Owing to the drought the present crops in the district of Holguin, Gibara and Mayari are generally reduced one-balf, as compared with those of the previous year. SAVANNAH. GA., THURSDAY, NOVEMBER 13, 1890. A GOTHAM BANK CLOSED. IT LOANED TOO MUCH MONEY, AND DEPOSITORS MADE A RCN. Sixty Thousand Dollars Would Have Tided the Institution Over Its Trou bles-A Clearing House Committee on the Way When the Doors Were Closed by the Examiner. New York, Nov. 12.—The North River Bank, at tho corner of Day and Greenwich streets, dosed its doors this afternoon at 2:30 o'clock, the state bank examiner taking charge of its affairs. The bank is a mem ber of the clearing house. It operates under a state charter granted in 1842. Last week the clearing house circular showed the North River Bank as having a capital of £240,000, a surplus of $118,500, loans of $2,000,013, deposits $1,975,000 and the cash on hand $270,000. LOANED TOO MUCH MONEY. This is one of the banks which had to be helped out by the olearing house yesterday. It loaned t jo much money, according to the statement of the cashier. The amount in volved, Vice President Brokaw said last night, was less than $60,000. Its doallugs were mainly with produce merchants of Greenwich street and vicinity. The cause of the present difficulty is simply tight money. A RUN BY THE DEPOSITORS. On account of the mention of the North River Bank as one of the defaulters at the clearing house yesterday, the depositors started a quiet but steady run on it this morning. The bank stood out until 2:30 o’clock, when its ready money was exhausted and it had to close its doors. It did an average business of $3,000,000. The presi dent of the institution is E. E. Gedney, the vice president Joseph Brokaw and the cashier F. R. Ingersoli. Among the direc tors are IV. E. Tefft of Tefft, Weller & Cos., John H. Starin and 0. C. Worthington. CLOSED TEMPORARILY. “Closed temporarily” was the notice posted on tho outer door of tho bank. Btate Bank Examiner E. H. Cahill put the notice on the door. An excited crowd of depos itors were before the bank this evening. Tbe bank applied to-day to the clearing house for a loan, aud the committee was on tho way to examine into the condition of the bank when it was learned that it was in the hands of tbe bank examiner. The bank was closed to-night. Nothing could be learned of its condition, but rumors are current that its officers expect to reopen it to-morrow morning. DEXTER & HOWELL’S ABSET3. A Statement Made By tha Assignee of the Firm. New York. Nov. 12.—William Nelson Cromwell, assignee of Dexter, Howell & Cos., makes the following statement: “The liabilities are betwoen $10,000,000 and $15,- 000,000, most of which is due to banks and bankers on loans. Tho assets are largely in excess of the liabilities and nearly every loan is well secured by collateral. The firm delivered to me as part of its assets about $1,000,000 of securities in a bar. This goes to show that the failure was not due to lack of securities, but to the extreme money stringency, which prevented the firm from completing its daily amount of borrowing. “In the current management of its busi ness it was tho practice of the firm to bor row several millions each day on call iu addition to a line of loans which it had. The assets of the firm comprise largely what is known as Vil lard securities, aud during the last few days it has been impo-sible to get money on them, but these securities have absolute value and merit vastly above the temporary price made under this abnormal market. Shrewd investors are aware of this aud are Duying up the spicks to put into their vaults, ami X think a rise is sure to follow. If the creditors use good judg ment and do not act hastily they will not only bo paid in full but will leave a good surplus for the firm. The whole force of clerks In this office is at work making up a statement of the firm’s condition, but its transactions have been so enormous that it will take sirne days to complete it, though our estimates of the assets and liabilities is a clo.e approximation.” WHITNEY’S CRASH. The Assignee Says the Creditors Are Not Apt to Lose. New York, Nov. 12.—George W. Quin tard, assignee of Charles M. Whitney, who failed on Tuesday, said to day that the firm owed about $8,000,009. which was covered by collateral at 20 per cent, margin. At the time of making the loans the firm had on hand, ho said, about $1,090,000 in securities, aud about twice that sum was due in oaeb, which It was thought would be paid within the next few days, and would go toward making up to tha cred itors any deficiency on the securities. The creditors had thus far borne themselves most amicably, and eorne of the larger ones had offered several days ago to straighten out the difficulties if possible. The firm owed nothing outside of the $3,000,000 due ou loans, the securi ties on which were deemed suffi cient when tbe loans were made. Mr. QuiDtard said that the question of whether Whitney & Cos. would be able to go on with their business depended upon the state of the market for tho next few days aud the of the securities oledged. Erin’s Envoys. Providence, R. 1., Nov. 12.—Messrs. Dilloa and O’Connor appeared here before fully 5,000 people this evening. Contribu tions to the amount of $5,000 were pledged. A MEETING IN JERSEY CITY. Jersey City, Nov. 12.—Messrs. O’Brien, Sullivan, Harrington and Gill had a big re ception here to-night. Over 4,000 people participated. The Sugar Trust Receivers. New York, Nov. 12.—Receivers White and Slocum of the sugar trust have taken possession of nil the property and affairs of the trust, and have established thoir head quarters at No. 117 Wall street. They have appointed John L. Hill, of Lockwood & Hill, and Edward Lauterbacb, of Hoardly, Ijiutorbach & Johnson, as their attorneys ’and counsel. Washed from a Steamer. Father Point, Que., Nov. 12.—The steamship Vancouver, from Liverpool for Quebec, arrived to-day in charge of the first officer, Capt. Lindall, the man at the wheel having been washed overboard by a heavy Bea which swept away the bridge and chart room and crushed the bulwarks. A Dry Goods Dealer Fails. Richmond, Va., Nov. 12.— Henry H. Meyer, a dry goodß dealer, assigned to-day. Hie liabilities ore $70,000. The amount of of bis assets is unknown. Among the pre ferred creditors is Samuel Sydderly, of | New York for $4,000. PORTBR YIELDS AT LAST. The Names of the People ln the Becond Ward to be Furnished. Washington, Nov. 12.—Mr. Kenny, rep resentative of the mayor of New York city, callel on Hupt. Porter to-day at the census office and presented to him reso lution* recently adopted by the common council of the city, requesting the superin tendent to furnish Mr. Kenney for their use a list of the names of persons iu the Secoud ward, enumerate! by the census enumer ators iu June last. As this request came from rep- esoutatives of the municipal gov ernment of the city as contemplated by law, it was at o ice granted by Supt. Porter, who instructed the chief of the population division to furnish the names os requested. BH2S MAN 81LLY. He Ascribes the New York Flurry to the Election. Washington. Nov. 12.—Senator John Sherman is bnek in Washington. He is out in an interview ln which ho says that the panic la New York is due to the election of a democratic congress. This silly talk makes the Ohio senator the laughing stock of sonsible people here, for every one knows that tho present stringency cf tho money market is due to tho drain upon European and English banks for gold, and partially to stock manipulation in this am! foreign oouutries. The republicans who return to Washington are puzzling their wits to make plausible excuses for their crushing defeat on Nov. 4, BAUM AND LYMAN TO GO. The Ad ministration at Last Decides to Remove Theta. Washington, Nov. 12.—1 t is understood that Pension Conunhsiouor Raum aud Civil Service Commissioner Lyman will both soon be removed from duty, and their suc cessors appointed. The administration would like to avoid the necessity of unload ing these two null-stones, but it can’t be helped. Both raon have been condemned by public sentiment, and there is such a general demand for thair soaljis that they will have to be taken. HONDURAS REVOLUTION. 1 1.,,. The President of the Republic Driven from tbe Capital. Washington, Nov. 12.—A telegram dated Guatemala City has been received at the state department from tho United States minister to Central America, Mr. Mizner, stating that the revolution is now in progress in the capital of the Honduras; that the president of the r epublic has been driven from the city, but is now reflecting a force of troops, and Is expected to make a fight for the recapture of tne government. 6POONBR LOOKS SICK. Tha Result of the Election Took the Starch Out of Him. Washington, Nov. 12.—Senator Spooner of Wisconsin has returned to the city. Ho looks as if he had been run through a flothee wringer. He says that the tariff and the school question gave his state to the dem ocrats and that no amount of talk or money could have saved the republicans this year. Purchases of Silver. Washington, Nov. 12.—The amount of silver offered for sale to the treasury to-day was 862.000 ounces. The purchases aggre gated 787,000 ounces, as follows: 100,000 ounces at $1.03; 24,000 at *1.032; 38,000 at $1.0335; 50,000 at $1,034 ; 50,000 at $1,035; 100,000 at $1.0375; 125,000 at $1.0385; 100,000 at $1,089 ; 50,000 at $1.0393; 100,000 at $1.0395. A CITY JUMPS ON RAILROADS. The Interstate Commerce Commis sioners at Chattanooga. Chattanooga, Nov. 12.—Tne interstate commerce commission is iu session ln this city, hearing testimony and arguments in the suit brought against the railroads by the Chattanooga Board of Trade. The charges are that tbe railways discriminate in freight rates against Chattanooga in favor of Nashville and Memphis. Tho commissioners present are Messrs. Morrison, Bragg and Veazey. The rail roads are represented by their leading counsel and high officials, and the board of trade is represented by a formidable array of local legal talent. The entire day was consumed in hearing the testimony of prom inent merchants. the railroads interested. The railroads interested and made a party to the suit arc the East Tennessee, Virginia and Georgia; Cincinnati and New Orleans; Texas and Pacific; Alabama Ureat South ern; Memphis and Charleston; Nashville, Chattanooga and St. Louis; Cen tral of Georgia; Norfolk aud Western; Western and Atlantic; Chattanooga, Rome and Columbus; Old Dominion Steamship Company; Ocean Steamship Company; Georgia Railroad Company; South Carolina railway; Clyde Steamship Comiiany; Baltimore aud Ohio; Central of New Jer ey; Pennsylvania rail road; New York, Lake Erie and Western; Nsw York aud NSw England: Delaware and Hudson and New York < 'eutral Com pany. The session will probably be con cluded to-morrow. A reception is being given to Oen. Veazy to-night by the Grand Army posts of Chattanooga. charlotte also kicking. Charlotte, N. C., Nov. 12.— Fifty rep resentative manufacturers of the south held a meeting in tho hall of ibe chamber of commerce this afternoon with doors closed. Their object is not understood, but tbe impression is that they intend to formu late a basis of prices and to confer with the rauroad authorities regarding alleged and exorbitant rates of freight. WBT VIRGINIA'S FRUD, One of the McCoys Killed and a Posse After His Slayer. Pittsburg, Nov. 12,—A special from Charleston, W. Va, says: "Bud McCoy was waylaid and killed by William Dyre and Plas. McCoy on Peters’ Creek to-day. The victim spoke pleasantly to the two men and passed them, when they turned in their saddles and shot him through (he back, firing several shots into his dead body after he fell from bis horse. Tlie murder stirred up tremendous excitement among tbe McCoys and Hat fields, and a posse at once started after the murderers, who fled through the south western comer of We3t Virginia to Kentucky. News was received to-day that the party cam* up witlf the fugitives in Buchanan county, Virginia, Monday. Pies McCoy was shot and captured, but Dyre escaped after a running figbe. A por tion of the posse is in pursuit, and he will probably be killed.” A Republican Sleeted. Dubuque, la., Nov. 12.—Complete offi cial returns of tbe congressional district give Henderson, rep., a majority of 196 over Couch, detn. G(HIDON A SURE WINNKR A Birr OF $2,000 ON HIM FINDS NO TAKERS ON THE OTHER SIDE. The Anti-Gordon Element Forced to Choose Between Norwood and Hines -The Opposition Admit That the Gov ernor Has the Senate but Claim the House. Atlanta, Oa., Nov. 12.—A bet of $2,000 was offered in the Kimball bouse to night an Gov. Gordon's election, ami no takers. That illustrates the situation. Coi. Hammond to-dav twice stated emphatically that ho was for Gov. Gordon and unalter ably opposed to the sub-treasury, and could not consistently mako tho race. If the antis nominate any candidate at all to-morrow there is every reason to believe that it will be Mr. Norwood, but vory few believe that they will make a nomination. If they do they will hut select a victim for the slaughter. People who were never able to see before how it was possible for Gov. Gordon to win, admit to-night that everybody else is prac tically out of the race. THE GORDON CAUCUS. One hundred aud seventeen legislators attended the Gordon caucus to-day, and bis total following is claimed to be above that. A majority of nt least 8 votes in the Beuate is conceded to him by the opposition, but they olatm tho House by li majority, which would give them soven on joint ballot. Nobody outside of their rank-: ac cept these figures, it being generally thought that Gov, Gordon lias a good majority in the House as well as in the Senate, aud that his opponents, who seem particularly bitter to-night, only wish to area to the imprnasion that, they ore still hopeful iu order io delay the triumph of his followers os long as pos sible. HEADY TO CONCEDE DEFEAT. It looks as if somo of the anti-Gordon Ites were almost ready to admit their defeat. They must lie very tired ol the interminable offort they have been making to concentrate their forces and tho utter impossibility of doing so, even after some of their men hsd openly declared that tho faction bad reached that point of desperation where thoy were ready to take anyb >dy ottering a chance of beat ing Gov. (idrileo. Mr. Calhoun's speech to night,-while it was an admirable effort, only served to oreate the impression that tho more anti-Gordon speeches there are tlie larger the Gordon vote will be. People who doubted Gov. Gordon’s election were convinced of it by going to hear the nddreai of his opponent*. An autl-Gordonite, who claims a House majority against the genoral, said to-night that there would be no election the first day, bat it looks very much us if fifteen minutes would settle the whole business BETWEEN NORWOOD AND HI NEB. The race in the anti-Gordon caucus seems to have narrowed down to Norwood and Hines It U Weil known that there are about twemty-flve of Gov. Gordou’s old soldiers In the opposition ranks instructed against him on account of tbe sub-treasury, who would bolt in a minute if relieved of their pledges by tho nomination of a innti unwilling to gulp down the war whoops. This confines all efforts at concen tration to the two candidates mentioned, and their followers have already worn themselves out trying in vain to unite on one or tho other. Tbe effect of Gov. Gordon’s speech, not withstanding all reports to tho contrary, was to make oon verts. Five new on joined his ranks this morning. A CONVINCING PROOF. “One of the most convincing proofs,”said a meinbur of the general assembly this afternoon, “that Gov. Gordon is safe is to my mind the tenor of tbe remarus I now hear from a certain ex-momber of the legis lature, with whom I have more than once served in the House. He is one of tbe most skillful trimmers the state affords, aud never fails to find out which way the cat is going to jump in time to lamp with it aua light on tbs winning side. Heretofore he bus been affiliating with anti- Gordon men. To-day he is the oldest and most confident friend of the members who support him. His Instinct for discover ing which side will land on top is so un erring that since hearing him say that he •always did think Got. Gordon would tie elected,’ there are not figures enough in the whole arithmetic to convince me that be won’t he.” A FALSE ASSERTION DENIED. The Journal this afternoon quotes Gov. Nortben, Secretary of Btate Cook, Repre sentative Harper, Ailiaaoe President T. J. Lyon and others who state positively that Gov. Gordon did not say in his speech last August that the alliance platform had but one plauk, and that a rotten one. GEN. GARTRKLL WITHDRAWS. Geu. L. J. Gartrell who has been au ex ceedingly quiet candidate for the senator ship withdrew from the race on second thought to-dav. In Ms formal card he called it an “unique and extraordinary struggle" and offers “a heart full of grati tude to his friends” in the legislature and throughout the state who have generously given him assurances of their confidence and support. The general is right. The senatorial struggle has occasionally fur nished some very unique features indeed. CALHOUN AND HINE3. They Deliver Bbeechea Before the Members of the Legislature. Atlanta, Ga.. Nov. 12.— The hall of the House of Representative* was comfortably filled to-night to hear tbe speeouos of Patrick Calhoun and Judge Hines, both candidates for the senatorsbip. Mr. Calhoun's speech was dispassionate and addressed himself rather to the reason than the prejudices of his au dience. He avowed devotion to Georgia's interests—political, industrial and social— and paid a fine tribute to Gov. Gordon. He begged his audience not to drive men away who differed With them, and not to be driven from tho Democratic party by oppo sition. His discursive talk was replete with information, and a plea for such con ditions, political and commercial, as would secure unity for the common good and the interests of tbe west and south. Railroads were essential to tbe farmers. Any con flict between these could bo avoided by con trol of tbe railroads by the people. Tlio “Georgian” letters were written when he saw the rupture pending between the whites of the south. He was for tbe alliance as long as fruits like tbe present wore possible. He wanted a cur rency based on the products of the country. If riches alienate from the people ho saw a revolution nigh, but be was sure our institu tions were ” broad enough for all. The present issue was personalism against principle. A man was needed in the Senate with experience in finance, and a lawyer to defend tbe alliance interests. Ho put tbe success of the great reform against personal preferment, and stated that he would not have spoken save to out live and defend the Interests he represented, wliion bad been threatened by sedulous statements, JUDGE HINES' SPEECH. Judge J. K. Hines followed. He was humorously severe on Gee. Gordon, while profeasing admiration. He said he was thu first man outside of the alliance to advocate it* principles. In eluoidating hi* “creed” ho handled tbe sub-treasury bill in a nsw way. doing without warehouses or guards, and suggesting that the money the go\ernment received from the sals of cot ton be again issued (o pay current national espemes, and, for a time at least, suspend taxation. He would extend the sta'o road to Macon and Favannah. ami favored i be state owning all the rcadt if necessary to insure the bi-st r,ulta. Personalism, he pointed out, was dead in Georgia. He would abol ish the national banking system or its dis crimination ngainst land security, aud wanted of silver. "See that the principles "f the alliance succeed or tho failure will be like the fall of Lucifer,” he remarked in finishing. A gentleman present, who bad pro nounced Mr. Calhoun's speech tho finest he had ever heard, thought that Judge Hines was the Moses to lead them out of the wilderness. Neither speaker was on rapport with his auditors, but seemed rather to bo on the defensive. PRUSSIA'S DIET. The Emperor Opens It In a Speech from the Throne. Berlin, Nov. 13. —The etmxxor opened the diet of Prussia to-day ina speoch from tlie throne. His majesty said that in view of the friendly relations of Prussia with all foreign states, which relations have been further strengthened this year, the oountry could look forward with confidence to further preservation of the peace. Tho speech also announced that bills w uld lie introduced for a reform in taxation, for tile organization of provincial councils, and for the wtahUsbiuent of elementary schools. It also affirmed tliat the ffnancss of the king dom are in satisfactory condition. STICKS TO HOME AFFAIRS. The speech deals almost exclusively with home affairs, and emuhasizm the necessity of improving direct taxation. It save that an income tux hill will be submitted' to the diet, which is intended to offoct an equi table distribution of taxation by call ing on all persons to make a decla ration of the amount of thoir income. Tbe condition of tlie finances, the speech declares, does not demand any immediate augmenting revenue, while on the other band it will not permit any reduction in tlie receipts. Tho increased revenue from direot taxes will te devoted to lightening the burdens on communes, the land and building taxei being handed over to tho comraun&i authorities. FREE EDUCATION. E'emontary education will bo made wholly free. The speech says that the development of regulations affecting workingmen demands attention, and tliat au Increase in tho number of supervisors tud the reorganiza tion of tho systoin of trade Inspection are necessary. Emperor William read his speech iu the white hall. Ho was cheered on entering the hall, and tha reading of tho speech was fre quently interrupted by applause, tbs emi>o ror’g pacific declaration regarding Prussia's foreign relations being especially approved. FIGHTING IN IHBLAND. Troops and Police Clash at Galway and the Former Win. Galway, Nov. 12.—Several fights took place here to-day between the ;olioe and military. In one encounter a police sergeant was severely injured. The military Anally routed tlie police and ohasrd them to their barracks. The Connaught Rangers, who took a prominent part in the disturbance, have been ordered away from Galway. OLPHERT EVICTIONS. Dublin, Nov. 12. — Tbe work of evicting tenants' was resumed to-day on the < iiphort estate. The wather wns inclement. Tlie bishop of Itaphoa acting oa behalf of the touants had half an hour’s conference with the agent of the estate, but failed to effect un arrangement. To-night the bishop will have another conference with the agent, which it is expected will lead to a settle ment. a chanoe ok venue. Tipperary, Nov. 12.—The magistrate's court here to-day changed tho venue of tha conspiracy case from Tipperary to Ulon rnonel. Tho counsel for the defendants made vigorous protests against this action, but they were overruled, l’lie court then adjourned until to-morrow. Koch’s Cures. Berlin, Nov. 12.—Dr. Koch will not be gin milking experiments with a view to obtuming a cure for diphtheria. He will give to tbe world Saturday a desoription of his consumption cure. He announces that thereafter any doctor who falls to grasp tbe details completely may apply to his assistant, Dr. Cornet, for information. Dr. Cornet has started a hospital for German and foreign patients. A Banquet at London. London, Nov. 12 —A farewell banquet was given to Mr. Johnson,tbe retiring Amer ican vice consul to-day. Consul General New paid a high tribute to Mr. Johnson’s services. During tho banquet it was an nounced that an English company had been formed to work mining and other indus trial intercuts at Carlisle and Cumberland, Tonn., with influential support and capital. Oen. Booth’s Scheme. London, Nov. 12. —Mr. Gladstone, the bishop of Manchester and the bishop of Durham have sent letters of sympathy to Gen. Booth. Beveral persons havo written letters in response to Manager Bancroft’s offer to donate £I,OOO to promote the phi lanthropic scheme, provided ninety-nine others uonate 21,000 eaub for the same pur pose. Bound to Fight a Duel. Paris, Nov. 12. —it haß been learned that tbe police prevented a duel between M. Laguerre and M. Deroulode. The princi pals, however, are determined to have a meeting, and it is probable that the fight will take place in Luxemburg to-morrow. Increased Wages Demanded. London, Nov. 12. —The spinners in the Boiton ootton mills have made a demand for a 5 per cent, advanro iu their wages. Trouble is likely to ensue if tbe demand is not granted. SOUTH DAKOTA’S BLBOTION. Tha Legislature May be Captured by the Democrats. Chicago, Nov. 12.—A special dispatch from Pierre,S. D,, says: “Tbe local paper publishes a list of tbe members elect of tbe South Dakota legislature, from which, it aopears that tbe republicans are a tie with the democrats, independents and fusion ists on joint ballot. W itb the settlement of one contest, the majority will vary only one or two either way. This jeopardises the return of Moody, rep., to the United States Senate, and will, perhaps, be the means of electing a democrat and inde pendent. I DAILY $lO AYE AR. \ ■{ 3 CENTS A COPY. f ( WEEKLY, sl*3 A YEAR.’ A TORPEDO CRUISER LOST BHE WENT DOWN OFF SPAIN WITH 273 LIVES. Only Three Sailors Reached Land t Toll the Story-The People on Shora Unable to Lend Any Assistance on Account of a Storm—Her Seaworth iness Questioned. Go*DON, Nov. 12.—Tho British torpedo cruiser Ser;ieat has fouudered off tbe coast of Spain. The fate of her crew is unknown. The fcerpent wm b twin crew veeeel of 1,770 tons, and 4,500 horse power. She carried six guns. Tlie .Serpent was lust twenty miles north Of Cape Finisterre. (Jut of a total of 276 souls ou board, only throe were saved. The Serpent weut on the rocks during a storm J Manday night. A heavy mist prevailed at the time. Owing to tbe violence of the storm it was impossible to send assistance from the shore. Tremendous seas swept the decks of the vessel, carrying away group after group of tbe men. Tho news of the wreck was conveyed to Corunna, a distance of sixty miles over mountain roods. Tho Herpent’s complement was 170 officers and men. The others on board were going out to relieve men now on sbipe on the African station. NOT A SArE SHIP. London, Nov. 12. Tho Serpent was built af or ideas of Admiral Cooper Key, who insisted upon an immense horso power, whioh, according to previous notions, was out of all proportions to her displacement. She could maintain a speed of seventeen knots au hour. Ixird Brnssoy in his naval annual adversely criticized tho vessel. Ha said that thu economy of weight hail boeu carried to exoees in tbe construn tiqn of the ship, tliat bur plating was too thin and that her armament was overdone. In a sea way, he said, hor heavy top weight would bo determined to her speed, and would unduly strain tbe hull. The vessel was 225 feet long. She had a draught of only 14>£ feet. HER SEAWORTHINESS DOUBTED. The relatives of tbe orew of tbe Serpent nt Plymouth and the dockyard people there are full of gossip about the hist cruiser. It is claimed that she was unsea worthy, and that sho broke down on all her trial tri:>*. Commander R ia is said to have been in tlie habit of treating bis men with undue severity. The Serpent started last Saturday ou bar maiden voyage. Bhe was commissioned for service in Africa last June, but was detained by sevoral mishaps to her machinery. Bho and her consorts wore oordialiy disliked by the service. .The Serpent has a bad record. Blie broke down more t ian onoe in the maneuvers of 1888. Several admirals con demned the whole olass as cranky. WHAT LIXIYII’B AGENT MAYS. Lloyd’s agent ut Corunna telegraphs: “It appears that, the Serpent was running for shelter in one of tho bay* north of Finis terro. It is not kaown whether she foundered or grounded on the fearful reefs that are a conti luatlou of tho Galacia mountains. If she foun dered nobody need lie surprise l but the admiralty. If she grounded on the reefs, she oould not stand a minute’s bat tering in a heavy sea.” THE THREE SURVIVORS. Madrid, Nov. 12. —The throe persons saved from the Serpent aro sailors who swam ashore at Camarinas. Thoy erprnss the belief that all the others on board were drowned, but only four bodies have been washed ashore as yet. There is no tele graph station at Camanna*. The bodies of three ladies have been washed ashore. STANLEY’S REAR OUARD. All the Papers Relating to it Given to the London Times. London, Nov. 13, 3 a. m.—Mr. Stanley has placed at the disposal of the Timet all the documents connected with the rear guard, iuoluding Bounty's original report and the officers’ log book. The Timet will begin tlie publication of the papers to-mor row. Mrs. Jameson writes to the Timet that her husband died a wit ness to the act of cannibalism, but that ho made no statement at the time, and that he did not buy the victim. Of thu, she says there Is authorita tive attested evidence. As the incident hap pened fifty miles from Yambuya, sbe adds, it has no beairng whatever on the manage ment of the rear guard. Mr. Stanley's tec rotary, Mr. vVilson, writes confirming the statement that be witnessed Assad For ran’* affidavit relating to tbe /amecon affair. Rallying tha Conservatives. London, Nov. 12,—William Henry Smith, the government leader ln tbe House of Commons, lias issued a circular to bis supporters, urging them to be present at the opening of the approaching Hussion, as tbeir support for matters of the highest im portance will then be necessary. Mr. Gladstone, ih a circular, urges his supporters to attend the opening of th coming session of parliament. Persecution of the Jews. London, Nov. 12. —The lord mayor has called a meeting for Nov. 24 at the Mansion bouse to discuss tbe subject of the persecu tion of tlie Jews in Russia. Tbe meroorial asking tbe lord mayor to call the meeting is signed !by the archbishop of Canterbury, Cardinal Manning, four dukes, tuany mem bers of tbe House of Lords and the House of Commons, and a large number of college professors. Societe dea Metaux Affairs. Paris, Nov. 12.—Tho Motin says the re port of tbe liquidator of tbe Hocioty des Metaux shows that, despite tbe rise on the prices of copper, tbe shareholders of the c-mpany will receive nothing. The deben ture holders aud other creditors will receiv" only 84 per cent. The final liberality of th 3 company is estirnsted at 111,000.000 frauoL aud the assets at 35,000,000 francs. Pictures Ordered Destroyed. London, Nov. 12. —The court has ordered that twenty-eno of the picture# illustrating the wnrks of Rabelais, which were recently seized by the police at an art gallery in Pali Mall, ou tbe ground that they were im proper, bo destroyed. Tho proprietors oi tbe gallery were committed for trial. A Disturbing Element Eliminated. Kt. Petersburg. Nov. 12.—M. Junge, a director of the Institute of Husbandry, whose errors were the main cause of the student riots, has resigned. Cporto'a Flour Mills Closing. Oporto, Nov. 12.—Flour mills here are being closed in consequence of a decree pro hibiting the importation of foreign wheat, Tolstoi's Reforms a Failure. Bt. Petersburg, Nov. 12.—Report* from the provinces indicate that the Tolstoi gov ernment reforms have proved a failure. France and Sheep. Paris, Nov. 12.— The municipal council to-day adopted a resolution in favor of ad mitting foreign sheep into France.