The morning news. (Savannah, Ga.) 1887-1900, November 16, 1890, Image 1

The morning news., November 16, 1890, Image 1

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Newspaper Page Text/ THE MORNING NEWS, | 3 jSsTiSUinso 18M’. brooarooxTSD 1688. > ) J. H. ESTILL, President. ( A PANIC IN WALL STREET the peril op baring brothers SETS BROKERS WILD. Holders'! Rush to Sell, and Prices Go Tumbling' to the Bottom at a Ruinous Rate-Reassuring News from London Results iin the Recovery of Part of the Losses. New York, Nov. 15. —Private cables re ceived before the opening of the stock excaange, announcing that Baring Bros. & Cos. were in trouble, and stating that the Bank of Edgland, the Rothschilds and other banks had taken up accounts of Baung Bros. & Cos. amounting to £15,000,- 000, created a profound sensation. Confer ees of brokers wore at enca had. and It nos decided to have the brokers in every stock that could be handled to bid advanced prices at the opening so as to avoid a sudden shock. Asa result, the prices for nearly all active stocks opened as 3c to 2 per cent above last night's close, Uie extreme gain being made by Northern Pacific preferred. down with a crash. Then liquidation of the weak accounts set in in full force, and prices gave way rap idly in all directions. Wild excitement pre vailed, stocks being thrown over in a reck less manner, and the losses in the first hour’s trad.ng exceeded anything seen since tbs eresent decline began. The dealings were simply enormous, and the rapidity with which quotations melted away was some thing unprecedented, ti ers being no halt in the downward movement. At 11 o’clock a panic prevailed, prices gave way in every direction and brokers were dismayed at the prospect. Lackawanna, a favorito investment stock, led In the downward rush with a decline of 9 per cent. Atchison wont down to 2d. Rock island to Go- a and sugar to 50, the lowest prices on record for those stocks. Canada Southern and other regular dividend papers were thrown over, as well as speculation stocks. a rally. After 11:15 o’clock there tvas a rally, caused by the following cable from London; London, Nov. 15, 1890. The special guarantee fund to Baring Bros. 4 <'o. is stated to amount to £10,000,000 Sterling. The various financial, banking and discount houses guaranteeing .the account state that the crisis Is over and the failure of the firm has Been averted. Kidder, Poabody & Cos., who are the agents here of Baring Bros. & Cos. of Lon don, said that they have private advices from London, that whatever trouble there may have been there had been completely arranged. The trouble was doubtless caused entirely by the depression in Argentine sscurim Kidder, Peabody & Cos. are in no wise affected. At 11:30 o’clock a better feeling prevailed, and the market was stronger. The London market was comparatively quiet, the feel ing being that the crisis was over, and American securities were a fraction higher, where any change occurred from yesterday. MONEY EASY. New York, Nov. 15, 12 m.—Money has keen easy with no loans, but offered at I sto 6 per cent. The market after 11 o’clock was influenced for the better by dispatches from London, which placed a somewhat bettor face upon the troubles there, and prices in this market went but little further in the downward direction. The recovery which followed was very irregular, but amounted to as much as 4 per cent, iti Lackawanna, while many stocks were again brought to near the opening figures. The close was still very active, But with lfsmcitement and no material loss for the day. THE LIVELIEST DAY SINCE 1886. New York, Nov. 15, 7 p. m.—The stock markat to-day, for a two hours’ session, was the liveliest had since the great slump of Doc. 15,1886, and for a spaco of an hour or more thore existed a perfect panic among ths holders of securities, and especially railroad stocks, and the declines established during that time ware greater than ever bsiora seen in the same time. The only eause of the excitement was an an nouncement from London that the great firm of Baring Bros. & Lo. had been forced to seek assistance to tide them over tha present financial crisis, and the holders of stocks became panic stnekenover the news, without reflection tnat the danger had really already passed over when the Bank of England and the Kotehuds came to the rescue. Reflection, onever, is the last thing a man thinks oi when his pocketbook is danger, and every one ent in to save as much out of the wreck tii,£° 8S i > 8 i filing out in the quickest tar *y advices from London were ® 6S 'jr ln S- Any crisis was represented as . ; “bar® and the improvement begun yes day continuing. The first prices were fractionally higher than vester fcrlfs hgl J,res, with Northern Pacific pre wn ed up 2 per cent, at 59>£. T the tumble. •he annouDeement about the Barings hnTC(.^ r .° W ”j ft l the ma rkot immediately, j n . j®; ’ and th " KO'xl feeling disappeared t k„ an< i from prospective buyers „u, O • ro ? tn became sellers at the best „ , Th forc of ‘be decline Srt sn he 7 d fro,n thH fact ‘ ha ‘ in the St an h;,ur Delaware, Laoko am to T'-^ 6S T tern andr °PP ed per AtMiiort Jersey Central 7% % to 9K; Pullm “ 5v -j. to 175; n ® r , n ?¥' i2 ' Darlington otLiJsc’ Roolt lsland &X- to 63k, and Tbp a a^ln K stocks from Jto 5 per cent. ImiiiWm 1,1 bankawnnna was entirely S'if bl ® , “Pa" any known hy- Ut l , he soll >“K of Atchison th iwf 1 Upoa lear that the holdings of Otk, a l Df ’ ,Would have to be liquidated, m,!,. f* 0 ., wero * old merely upon the Im sooh hrm,Ll . scare - The drop, however, bawr/L Bht lnto the market a class of e4rit,-r. ° are paying outright for their brthi. and tUu current was soon turned biivinc t U , w benthe bear* joined in the ttotrem^n'i‘ allilß the profits accrued up in develop, -d d J°P?’ D rl y an ol * W. B ®„. the fuo ‘ ‘bat there ware sail thi' 1 ' 8 , onlerß ln the market, element. oL trading and professional the snlle-o a ° the ’narket away from w ',., aud innumerable stop orders “hoovered, rendering the P e more serious every minute. THE BASK STATEMENT, riierkort H lu 'townward movement was t“ e bank statement was issued, Wsl“J nat J erlal gain in the surplus, i.'ink. >„ ® and the growing strength of the C^^ no ' urt t feeling of appro- K“.r.ii j . ad street houses, and the become, ' pre^loa * 3 that as soon as London an (iistiiru aad y . Quiet there will be Some („_*?* influence found here, port tti„, veß tment houses now re !or th e ri „.„, ' v bavo more orders fill, and P thJ^ ase °? Bcc “rities than they can "ho take ® Purchases are all for investors streut. Th.. *® cur iMes away from the last hour j ''' i ‘ ich obtained in the ln aoimp 0 f , h nded to 4 per cent, and over, ka Upward 7® ®°®‘ Pronounced cases, but Hake up was insufficient to idanSxSdSUF “ be the losses incurred. i' r edition innrbsi y .J everish and unsettled l e close ‘be trading throughout. ' k 6 moment at and •‘ ron S for Jtere i s t ‘“t material losses for the day. kilters and canitAii. eet,DS of J influential -apitalists to consider the sit §o|)e fHofning ffctosS. uation over Sunday, and come to some con clu-ion as to what ean be done to allay the excitement and apprehension prevalent cn the street. THE FINAL LOSSES. The final losses are very material, and Lackawanna is off 4% Jersey C entral 5, Rock Island 4, Missouri Pacific .8%, Atchi son and Chicago Gas, each, 3, i urlingtou Columbus. Clsvelaud, Cincinnati and St. Louis rilver certificates 2, North Western aud Canada Southern, eacn, 1%, Western Union 1%, New England, 1 - Wheeling and Lake Erie IV,, Texas Pacific 13i\ Lake Shore 1 Sugar refiners 1 per cent. Railroad bonds were active, but showed none of the excitement or animation in stocks, and while the sales of all issues reached 1,484,000, the final changes of national were comparatively few in number. The active issues com prised Atchison inc reus with 101,000; Northern Paciflo s,with 178.000; Texas Pa cific B9CQads, 6s. with 154.000, and Kansua and Texas 4s I'M,OOO. The prices to-night are materially lower, and Atchison 4s lost lVj to 70; Canada Southern firsts f % to 104J>i ; Erie seconds, 1, to 97 1 .,; lowa Central first, 1, to 83; Northern Pacific thirds to 107; Oregon Short Line 6s, 1 ). Jt to 106; I'oxus Pacific incomes, 11'*, to .82- Reading 4s, 1, to 76; Wabash first, 1;,, to 96, and the seconds 2, to 70. The sales of listed stocks aggregated 381,- 955 shares, and of unlisted 41,468 shares. London’s close call. London, Nov. 15. —The limes' referring to the financial situation, says the city has passed through a crisis verging upon a panic. “Such a time has not been known since the suspension of Overend, Gurney & Cos. We rejoice that we are able to aunounce that the worst is over. The bank of Eng land has added to Its historic services to the state and the commercial coumnuinitv by its prompt action in averting what would nave been a lamentable catastrophe. The admin istration of the bank not only provided vast reinforcements to its Btock" of gold to meet exceptional demands in the event of a panic, but also stepped out of its ordiusry routine business to prevent the downfall of one of the greatest and most respected E ig lish financial houses, which had for some days been in peril, nnd which, ,if it bad fallen, would probably have brought down in wide-spread ruin largo number of smaller, but important firms. KIDDER, PEABODY & CO.’S STATEMENT. Boston, Nov. 15.—Kidder, Peabody & Cos. said to-day that there need be no anx iety on the part of the creditors of the Lon don firm, as their assets in excess of their iiabiliries are as much probably as £40,090,- 000. They are virtually carrying the Ar gentine ReDublic loan, and taking back the, holdings of those dissatified customers to whom they had sold any part thereof. ESCAPE OF THE BARING 9. A Review of the trials Just Passed In London. New York, Nov. 15. —The Evening Sun prints the following; “The facts in regard to the extraordinary monetary situation which has prevailed in London for the past ten days may lie summed up authorita tively as follows: Owing to the extent of their operations in railroads and lands In South America, the Messrs. Biring have boon more or leas embarrassed for over three months. It was not thought that it was serious, owing to the reputation of the firm in respect to its resources and in re spect to nearly a century of the most suc cessful conduet of the banking business upon a high and honorable basis which had given tha house a world wide reputation, equal almost to that of the Bank of Eng land itself. READY TO GIVE UP. "Lost Thursday week Messrs. Baring, at the conclusion of business, decided that it was impossible for them to continue. Fri day morning, Nov. 7, they so notified the directors of the Bank of England, who immediately convened and, as will be re called, startled the whole financial world bv raising the rate, proceedings which were almost unprecedented and called a halt In speculation at every money center in the world. The present week has been one of most painful suspense in Packing circles, and thisfeeling has been reflected iu ajmluor degree in Ne w ‘York, where only a few of the more important houses having Eu ropean connections have been aware of the real nature of the difficulty in London. THE REPORT OF THE COMMITTEE. “The report of the oommittee which had to deal with other private banking houses, as well as with that of trie Barings, was made yesterday, and as the outcome hail been pretty generally anticipated the Bank of England and the private financial asso ciations which acted with it were ready to meet the situation. The strengthening of the resources of the Bank of England has been carried out successfully duriug tho week, the Bank of Francs having come to its assistance, so far os the supply of gold is concerned. ENTIRELY REASSURING. “We have seen to-day more imqprtant private cables covering this extraordinary transaction, and they are, as might be sup posed up m reflection, entirely reassuring as to the London situation. If persons inter ested would stop to consider that the credit of the Bank of England, and the strongest financial institutions in Great Britain, bos been substituted for the impaired credits of the groat houses affected, it would bo seen that no patchwork remedy had been thought adequate. In taking chargoof the assets and credit obltgatioa of tbe Barings the term of three years bas been re served in which to effect the necessary read justment of their affairs. SAVING THE NORTH AMERICAN. “What has beeu done in New York in a case remotely parellel—that of the North American Company—has been done in Lon don ia a much graver emergency. That it has been done thoroughly, and that the danger of the situation is past, we have the assurance of the highest authority, both in New York and London. This feeling was not reflected in our stock market, at least in the early hours. There was a dearth of generally available news of a trustworthy character, which was taken advantage of promptly by the gen tlemen who, in these times of difficulty, man ufacture evil reports. It may be said, how ever, that by Monday morning a much clearer view of the situation will prevail, and while the shook to the financial system of the world is severe, it will be sue a that all actual peril has been obviated." THE OUARANTEE FUND. London, Nov. 13.—The Bank of England has subscribed £1,000,000, three joint stock banks have given £750,000 each and two others £500,000 each to assist Baring Bros. Several other bouses have subscribed smaller amounts. Ail the subscriptions make a total of £10,000,000. This will con stitute a guarantee fund for three years. It is roughly estimated that the total liabili ties of the firm, including £16,000,000 in acceptances, amount to £21,000,000, while their assets at the present prices are valued at £24,000,000. The government has au thorized the Bank of England, if necessary, to issue an additional £2,000,000 in notes, and will suspend the bank act if requisite. The original cause of the firm’s troubles was Russia’s withdrawal of several millions of deposits on oarnings, and of the firm’s dealing iu Argentina Republic and Uru guay bonds. It is expected that incoming investors will gradually relieve the strain on the market. SAVANNAH, GA., SUNDAY, NOVEMBER 16, 1890—TWELVE PAGES, CURE OF CONSUMPTION. DR. KOCH’S REMEDY THE TOPIC OF THE HOUR IN EUROPE. The Physicians Engaged In Treating Cases Besieged by Letters and Per sonal Applications-A Little More Light on the Nature of the Treat ment and its Effects. ■( Covyrigbt , 1890, by the Sew York Associated Ereit.) Berlin, Nov. 15. —Prof. Koch holds supreme sway over the public interest. The publication of the professor’s statement yesterday has intensified the excitement both here and abroad, and from every center of Europe telegrams of inquiry are npuring in on Prof. Koch. Drs. Pfuhn, Cornel, Bergmann, and other medical men who are known to be engaged in treating patients by the new method in Prof. Koch’s clinique, in Alhreobt’s strasse, the imperial sanitary institute, aud Reich’s gesundhei sanit, where Dr. Cornel and Kocbists are at work, are swamped with letters and personal applications. Many medical men, including a number of English and American physicians, have been studying the process under Dr. Levy in small wards of private hospitals at No. 26 Prauslauer strasse, where Prof. Koch first achieved striking results with small means. Here since Oct. 8 prominent cures of consumptiies have been in progress. Dr. Levy every morning shows his patients to visiting physicians and illustrates the peculiar features of the method as visible in individual cases. NATURE OF THE TREATMENT. Addressing a group of physicians in his private laboratory, I)r. Levy said: “The remedy not only attacks particular places and groups of bacilli, but rapidly anni hilates all tuberoulous bacilli with which bodies are infested. VVe now know that ilia curative matter acts equally upon all ? roups. The first care is to free the organism rom bacilli. To attain this end we apply the massage at the early stage of the treat ment to the glands, joints, etc., affected by tuberculosis iu order to form* the bacilli, which have encased themselves in the cysts into the blood channels, where e can more easily reach them than when they are in those parts where tho circulation has little intluonce. After the massage and injection subdue tho bacilli, all that remains to be doue in coses of tuberculosis of the bones is to remove the dead pieces of the bone and restore the general health of the patient.” In order to meet the pressure of cases another hospital is about to be established in Alexander plats, where the Hotel Ger mania is being transformed into wards hav ing 150 beds for consumptives. A RAPID CURE. Dr. Pfuhn reports a strikingly rapid cure of lung tubercles. The pa’-ient was a man aged 42 years. He had been ill for six years a:d his case was apparently hope less. The first injection was made on Nov, 5. The usual symptoms followed after the Injection, an increase in fever and sickness, nnd were followed by a distinct change in the character of the Sputum and a notable cessation of the characteristics of consump tion. Dr. Pfuhn promises the patient that, though it cannot replace the parts of the lung that are gone, the remedy will ensure healthy retention of the smallest portion left. OTHERS IN THE SECRET. The secret of the composition of the lympth has been communicated to Profs. Bergmann, Fraentzel, Brieger, Levy, and other intimates of Prof. Koch, and also to Prof. Weigart of Frankfort, Dr. Hast, chief of the Hamburg hospital, and Prof. Nothnagol of Vienna University. Prof. Nothnagel, in addressing the students of the university said: “We face one of the great est intellectual achieve cents in the province of medicine for centuries past. Prof. Koch’s discovery has a far wider scope than Dr. Jenner’s, and is, perhaps, the grandest feat in the history of our science. What inspires mo with admiration is not so much the actual discovery as the method of bacteriological research, which must serve as a basis of all future discoveries in that line. The present moment is among the most sublime that humanity has known.” The students shared the fervor of Prof. Nothnagel and cheered him to the echo. Prof. Billroth holds that Prof. Koch’s method places it b9yond doubt that a rem edy will be found before long for cancer, wnich is stilt a great mystery in mediea, as experience indicates that carcinoma has a bacillic origin. FRENCHMEN SKEPTICAL. Tbe only skeptical criticisms of Prof. Koch’s discovery come from French medi cal men. Prof. Bronardel Doyno of the Paris medical faculty is reported to have written a letter in which he advises incred ulity regarding the efficncy of the remedy until its name is fully knowu and scientific proof given of its effect iveness. “Until we know,” says Prof. Bronardel, “the composition of the remedy, the history of experiments on animals and prolonged therapeutic effects on patients, no one ought to pronounce definitely on tho method." M. Pasteur and Prof. Bouchard are said to be withholding their opinions for similar reasons. Their attitude, however does not affect the medi cal fraternity outside of France, who have personally watched the process of the oures by the new system. LECTURES ON THE DISCOVERY. Prof. Bargmann lectures to-morrow to physicians only on “External Tuberculosis,” and Dr. Frentzell, on Monday, cn “Internal Tuberculosis.” Dr. Rost will begin the treatment of patients by the new method, in Hamburg, next week, preparing the lymph in his own laboratory. Prof. Koch has entrusted Dr. W#yl of Frankfort with the treatment of oases in the Insti tute of Hydgen. Prof. Koch is also receiving communications from English and American medical men regarding the method of distributing the lymph. Dr. Cornet has received a fourth class decoration of the order of the Rad Eagle. This is the first decoration given in connection with the discovery. The rush for Prof. Koch’s statement increases. A quarter of a million copies have been sold already. The publishers rotused 10,000 marks for an early proof of Prof. Koch’s book. The sanitary council of Austria will send two of itsmembe. s to Berlin to procure lymph, and will test the treatment in Vienna hospitals. RBAL.M OF THE KAISER. The New Minister of Agriculture- Archduke John’s Will. (Copyrighted, 1890, by the yew York Astociated Ihrett.) Berlin, Nov. 15. —Count Douglas, free consfrvative, whose intimate relations with the emperor and the court are well known, will probably succeed Dr. Luabs as minister of agriculture. Count Douglas had an interview with the etnneror yester day, oud a conference with Herr Miguel, the Prussian minister of finance, to-day. Although Dr. Luchs has resigned, the emperor to-day received verbs 1 reports from him. It is doubtful whether Herr Miguel, who now sways the Prussian house on questions both of politics and finance, approves of Count Douglas. THE GOVERNMENT BILLS. The reception of the government bills announced from tha throne was generally favorable. The TagtblaU regrets that no hope is held out of au adjustment of taxation, but re joicos over the fact that any surplus income derived from the new arra: gem mt of luxa tion will be devoted to the lightening of local taxes. The Ereisinnig* Xeitung declares that the government ignores a surplus of 1,000,- 000,000 marks for 1889-’9O, while seeking to j levy more taxes on tha industrial renters fur the benefit of the country districts. Everv political group finds a different object lii the measures, and this is though; to promise well for their ultimate success. Herr Miguel, it is expected, will give a grand ex position iu ileteuse of tils policy on Thurs day, at which i’rinoe Bismarck wdl probably bo present. THE EDUCATIONAL BILL. A leading feature of the primary educa tion bill concerns religious instructions. The bill provides thk every child shall bo educated in its otvn creed, and that classes iu religious knowledge shall be conducted by the respective religious bodies, the representatives of si loh bodies iu each com munity being authorized to preside over tbo classes. The classes for instruction in evangelical aud Catholic creeds will he intrusted to the parish pastor or priest. The Frankfort Zeitung announce* that the Ba varian government, having failed to obtain the Berlin government's approval of its resolution to admit the Redeuiptorist fathers, will not ask tho Bundosrath to abolish the law for the expulsion of the Jesuits. archduke John’s will. The will of Archduke John of Austria was opened in Vienna to-day. By tho terms of tha will the archduke leaves everything to MUy Btubcl, Ins morganatic wife. To the document is affixed proof of the marriage. Tho will will bo contested as invalid under tbo Austrian law. Tho archduke had £48,000 in gold with him. The socialists were badly beaten in the municipal elections at Madgeburg, Erfurt, Mainz, Chemnitz, Brunswick and Wurio buor, in Bavaria, where the derioals swept everything before them. The abolition of repression seems to Lie weakening the party. 'I he fund for tho Bismarck memorial here has reached 840,000 marks. SINKING OB' THE SERPENT. Her Officers on tha Bridge to the Last. London, Nov. 15.—The British gunboat lapwing has taken on board the survivors of the Serpent disaster, and will convey them to Coruuua, where they will bo trans ferred to the troop ship Tyno, hound for England. Many of the bodies that have come ashore from the wreck are unrecognizable, having been frightfully mutilated by being dashed by the waves upon the rocks thut line the shore. The admiralty has received a statement made by the survivors of the wreck. From this it appears that the Ser pent struck the rocks at 10 o’clock at night. She was then steering south by west, three quarters west, and was proceeding at the rate of nine knots an hour. The weather was thick aud wet., uinl*Wo wind was blow ing hard. THUMPING ON THE ROCKS. There was a very heavy swell, and the vessel, after striking, thumped helplessly upon the rocks for about half au hour, when she siin; ed off into deep water aud sank to tho bottom. The officers remained on tho bridge to tha last. The crew, by order of the oaptaiu, took to the rigging. Just before she sank a tremendous sea struck tho vessel and threw her on her beam ends. The survivors were members of the life boat’s crew and wore life belts. They were washed overboard, and after a desperate struggle succeeded in reaching land. They staggered and crawled two and a half inline to Camarlnas. Tho men are able to state nothing further accu rately. THE INQUIRY BEGUN. Corunna, Nov. 15.—The British officers have opened au inquiry at Cainarinas into the cause of the loss of the .Serpent. The body of a lieutenant lias been washed ashore. HONDURAS’ REVOLUTION. Two of the Cabinet Ministers Shot by Gen. fcanchez. La Libertad, Nov. 15.—Advices have been received from Honduras that Gen. Sanchez has been captured by tho forces under President Bogran, and that tho re volution is probably at an end. President Bogran, who wat driven from Tegucigalpa by the insurgents under Gen. Sanchez on tba evening of Nov. 9, returned with a few followers to a small town named Tamare, thirty-six miles north of Tegooi galapa. There be was joined by detach ments of troops from Santa Barbara and Comayaguo. With these reinforcements he set out on his return to Tegucigalpa, arriving there with 40(1 men on tho night of the 12th. The next morning he was joined by Gen. Barsales, from Arnaraln, with 200 men. Gen. Sanchez has caused two of the members of President Bogran’s cabinet to be shot. One of the executed ministers was Simoon Martinez. Gen. Sanchez has bean worsted in several engagements. In one encounter President Bogran carried the hights of La Leona by assault and capt ured three pieces of artillery. Honduras in general is quiet, though the svmpatbles of tho people are with President Bogran. Sau Salvador maintains a neutral position, hut in case of interference by outsiders the country will enter a vigorous protest. Balfour Elected Rector. Glasgow, Nov. 15.— At the election for rector of Glasgow university to-day, Mr. Balfour, chief secretary for Ireland, the conservative candidate, was elected, receiving 948 votes against 717 for Lord Aberdeen, the liberal candidate. Causa of Jameson’s Death. London, Nov. 10, 3 a. m.— The Sun tlay Timet says it is authorized to say that Lieut. Jameson’s death was directly duo to grief and anxiety caused by full realization of his position. Kate Rlordan Sentenced. ■ London, Nov. 15.— ICate Riordan, the woman who shot Rev. J. F. Bright, ii. A., master of the University college, was to day convicted and sentenced to six years’ imprisonment. A Prince Injured. Berlin, Nov. 15.—Prince Frederick Leo pold of Prussia was thrown out of a carriage while driving from GJienicke Castle to Pots dam to-day. He was injured, but not seriously. Hat Trimmers to be Locltod Out. Danbury, Conn., Nov. 15.—The hat manufacturers this afternoon decided to Jock out 2,000 girls employed in the trim ming department Monday, and allow the other departments to operate. If the trimmers stand by their demand for a few days, however, it will necessitate the shut ting down of all the departments of the twenty factories in the city, ana will thus throw* out of employment 10,000 hatters, and paralyze the batting industry, tem porarily at least. NORWOOD IN THIS RACE. HE THINKS HE CAN COMMAND THE BALANCE OF POWER. No Telling How Many Votes His Speech Has Turned Against Calhoun-Many Alllancemen Won’t Vote When tho Ballot is Taken. Atlanta, Oa., Nov. 15. —Warren Aikeu, who so unremittingly fought tho haul's of the alliance in the Seventh district under the liannor of Col. Everett, publishes another letter on the senatorial situation, lie says:-“The question Is lifted above all personal lines. It is no longer Gordouism or auti-Gordouistn, alli auee or anti-alliance; it is simply and plainly Georgia against the railroads.'" To Mr. Calhoun lie pays bis respects 11 ftor this vigorous fahslon: “This lily-handed gentleman—pal,confidant audoonfudera’.eof millionaire magnates; watering stock job bers and railroad wreckers; who rooks of lands, stocks, mortgages uud receivership*; tue part owner, the paid representative ami the ruling spirit of a railroau monopoly which holds Georgia in a grasp that defies tho law and scorns oplniou.’’ EFFECT OF NORWOOD’S BPEKOH. The effect of Mr. Norwood’s speech has been tremendous, and there is no telling how many vote* it lias turned against Mr. Calhoun. In addition to the twelve or fifteen anti-Gordon members who publicly declare their unwillingness to support him, there are many more wiio say less but meau quite as much. A prominent alliauoe mau said to-day thut, having beeii in structed against Gov. Uordon, aud fiuUing themselves unable conscientiously to vote for a representative of the Terminal com pany, he aud a number of other representa tives bad determined, when their names are called up ou the day of ejection, to cast no ballot at alh They will simply state to the House the embarrassing position in which they are placed, anil ask that their names be (tossed. NORWOOD STILL IN THE RACK. Col. Norwood, wbo repudiates tbo action of the caucus because it nominated a a monopolist, is still in tbs raoc. It is re ported that he has no hope of winning, but thinks he is able to cominuud votes enough to say who shall win. He and Mr. Calhoun are both atioouunod to speak Monday, it is also suid that John Temple Graves will bo heard from 111 Mr. Calhoun’s interest, nnd Thomas Watson, most probably, in Gov. Gordon’s. The rumors in the air to which Col. Nor wood lost night made such suggestive and effective allusion are intensifying and fast assuming definite shape. They are still, however, in tho air, and still only rumors. CALHOUN HAH A GRENADE. The Calhoun men have been working mysteriously to-day, anti will explode some sort of a hand grenade in the morning. Its character is being carefully concealed, and so far successfully. Several copies of a petition have been industriously circulated in the city to-day, requesring (Speaker Howell to support Gov. Gordon. Of course, he will do nothing of the kind, and there isdaal*>f wild talk about asking for his resignation for failure to comply with the will of his constituents. Mr. Howell said the other day: “I urged tho candidacy of Mr. Calhoun, as I would have tho name of the Hon. N. J. Hammond if I could only do so and represent my constituency, they both being Atlanta men. 1 pointed out that my county polls 89,000 votes a a! was entitled to consideration.” The "con stituency” to which Mr. Howell alludes talk differently. To the petition alluded to to-day au epigrammatic signer added: “Clark Howell, don’t stab Gen. Gordon iu the back. No enemy ever did it,” A SAMPLE THREAT. Another Atlanta man said, in the pres ence of the News correspondent, to a mem ber of tho Constitution staff: “Tell Clark Howell that he fails to represent in tho legislature the sentiment of the peoplo who sunt him there, and they will see to it thnt he does not get there again.” Those utter ances, though highly improper, arc common, and show the drift of public opinion hern in its present impassioned state. Another voter said: “Howell is rapidly driving nails in his own political oolfin." A rumor that Col. Livingston will ho asked to resign tho representation of this congressional district is also afloat, but no such extreme action on the part of the voters appears probable in either case. Tho talk about Evan Howell being trotted out as a dark horse has been briskly re vived. WRIGHT FOR GORDON. Hon. Baab Wright of Horne, who is said to have actively opposed Gov. Gordon at one time, came here from Rome post haste as soon as lie heurd of Mr. Calhoun’s nomi nation, and I hear is now ongaged in undo ing his own work. The report that Col. Livingston and Dr. Macune had parted company, and that Mr, Calhoun refused to speak to tha former, turns out to be the merest bosh, and was probably circulated to throw people off tho track, just as Mr. Caiboun’s candidacy was tacked away out of sight f.or a time that it might lie hauled out at the critical junct ure all tha stronger for Its temporary re tirement. AMERICUS AT GORDON’S RACK, Americus, Ga., Nov. 15.—Mayor Felder issued a call this morning for a mass meet ing of the democratic voters of Humter county to day. at the court house at 4 o’clock in the afternoon. The call stated that while all wero most cordially invite], it might as well he understood that the meeting was convonod to formally and enrnostlyrequost our senator and represen tative to support (Jen. J. B. Gordon for the Senate. The meeting was held and a strong resolution passed urging them to support Gov. Gordon. A resolu tion was also passed to appoint a committee of two to go to Atlanta and remain, and it necessary to bolster up our senators ami representatives to vote for Gov. Gordon on Tuesday next. The meeting was not a very large one, owing;to the short notice, and 4 o'clock being too late for the country people to attend. GOVERNMENT PRINTING. Some of the Work Done at the Bureau During the Year. .Washington, Nov. 15.— The report of the chief of the bureau of engraving and printing saysi “There were completed and delivered during the year 8,702,320 sheets of United States notes, gold and silver cer tificates. bonds and national bank notes, with a face value of $227*593,050 ; 20.610,- 088 sheets of internal revenue and customs stamps; 1,200,811 sheets of drafts, checks, certificates, etc., besides a large amount of miscellaneous work for the various depart ments of the government.” A Eigr Gain for the Democrats St. Louis, Nov. 15.—A special to the Republic from Carmi, Ilia., says tbs official vote of the Nineteenth congressional district gives Hod. J. R. Williams, dera., a majority of 4,707. This is a gain of 1,694 votes over Cleveland’s majority in 1898, The demo cratic state ticket received a majority of 1,004 in this district. COTTON’S MOTaUINr. Report of Secretary Heater of the New Orleans Exchange. New Orleans, Nov. 15.—. Secretary Hes ter's weekly New Or lupus Cotton Kxotaango cotton statement issued to-Uay,*hows another wtek of over 4U0,U)0 bales brought into sight, carrying the amount of this crop marketed 391,000 post the 3,000,000 mark. The week’s total, while slightly under last week, is larger by 37,799 bains than for the corresponding seveu days of last year Northern spinners have continued in tho market freely, aud, including 69,957 bales shipped to them overland, they have taken 120,165 bales, an excess over this woek last vsar of 22.414, bringing ttioir total for the season thus fur to 163,269 bales mora than for the corresponding seventy-five days last your. 1 The amount of the crop brought into sight during tbo week ending last Ulght was •193,644, against (XVi.2ls for tho oorrusp. nd iiiK seven days of last year, making the total thus far for the season to date 3,890,- 013, against 3,00,3,754, au Increase over last year of 3*30,859. The movumunt since Sept. 1 shows: Re ceipts at all United Htate* p rts, 1,067,420, ugainst 2,405,091 bales lust year: overland across the Mississippi, (ihto mid PoComac rivers to northern nulls atsl Cauadn, 285,701, against 285,738- interior stocks in excess of three held at the close of the last cjiumorcial year, 806,413, against 880,500; southern mill takings, 1.31,080, ogalmt 131,835; foreign exports thus far for tho soison being 1,679,93), mtalust 1,548.656 last year, an increase of 131,804. This indicates a loss during the post seven days in excess as shown at the close of Inst week of 7,304. Tho total takings of American mills, north and south, thus far for the season have been 817,3)8 aguiust 653,948 laatyear. These include 681,590 by northern spitmers, against 518,3.1-1. Htocks at the seaboard, anil leaving southern interior centers are now 87,829 larger ttiau at this date last year, including stocks left over at the ports and interior towns from the last crop, und tile number of bales brought into right thus far from the present crop, the supply to date hi 5,462,456, against .3.127,217 for the same period last year. NORTH DAKOTA’S ODD FIX. No Board Authorized to Canvass the Gallota. Fargo, N. D.. Nov. 15.—T0-day’s Even ing Rqntltlimn says editorially; ’’lt seems that tha newly elected state officers will not t> able to ‘get there’ quite as soon us they expected. The legislature adjourned with out providing for any hoard which* should have power to canvass the vote for state officers. The schedule of tbo constitution provides only for the canvassing of the votes cast at tho election authorized under it, aud this seems to leave no person or board wit-i authority to canvass the votes, or issue certificates of election. It looks as though tho new state officers would have to nwait the action of the legislature in the matter, leaving the old officers to ‘run the machine’ and draw salaries, it will make little difference, however, as most of ttie old officers are re-elected.’’ A POLITICAL CLINCH. Tho Illinois Leaders to Fight to a Finish for the Legislature. Chicago, Not. 15. —The politicians have settled down to a light to a finish for su premacy in the Illinois legislature, it iu to begin with applications for injunctions to prevent tbo returning Liard from certify ing tho elections to the governor, and is to be followed by proceedings In quo warranto to keep the representatives elect, from exer cising tha duties of legislation. Then the case* will bo taken to the Hours iu an of fort to unseat those who are claimed to be ineligible. Two cases of this kind have al ready been unearthed. The democrats will make a light against soaring Mr. Oolite of Rock Island, and tho republicans against seating Mr. Ueber of Peoria. VIRGINIA’S OONQREBBMBN. The Pluralities and Majorities in the Districts. Richmond, Nov. 15.— Following are tho official majorities or pluralities of tho ton democratic congressmen recently elected, with tho exception of Charles City county In the Heooud district, Bcott in the Ninth and Appomattox in tha Fourth district, which will increase somewhat tne majority of the respective candidates in these dis tricts: Jones. 2,786 plurality; Lawson, 478 plurality; Wise, 13.937 majority; Lester, 8,907 plural I ty; Edmunds, 10,514 majority; O’Ferall, 8,943 majority; Lee, 3,318 major ity; Buchanan, 4,600 majority, and Tucker, 8, <79 majority. AN EXPRESS JUMPH THE TRACK. Two Men Fatally and Three Seriously Hurt in the Crash. Pittsburg, Nov. 15.—The fast west bound express train on the Baltimore and Ohio railroad jumped the track six miles east of Clarksburg, W. Vo., at 10 o’clock this morning, and collided with tha sleeper of a working train. Tho cars were wrecked and the track torn tin for 100 yards. In the working train James Floyd and J. D, Arm strong. bosses, were fatally hurt. In the Bmtal car Clerk Charles Dean, George endrv and William Borden were seriously hurt. The loss to tbo railroad company is very heavy. THURMAN PEELING FINS. He Acknowledges the Receipt of a Flood of congratulatory Messages. Columuus. 0., Nov. 15.—Judge Alien G. Tburinan wishes to acknowledge through the Associated Press the receipt of several thousand letters and telegrams of a con gratulatory nature, which he received yes terday and last night from friends iu all jierta of the country, audio which he finds it impossible to reply personally. He sends ? meetings aud assurances that ne never eu oyed better health or felt more buoyant than he has since the great banquet ln honor of his 77th anniversary, Session of the Knights. Denver, Col., Nov. 15.— The Knights of Labor took up their entire session yesterday in considering the report of the committee on laws. Little has been said regarding the candidates for the various offices that are chosen at this meeting, but there appears to be a general feeling that there will tie no opposition mede to Mr. Powderly’s election as general master workman. Homs promi nent knights are oonsuitlug as to the advis ability of the knights entering into politics. A Seizure of Wool. Philadelphia, Pa., Nov. 15.—The customs inspectors to day took possession of 160 bales of wool at the warehouse of Homy Schmidt for alleged under valuatiou and fraud. It hnd been eutorad as cattle hair, worth $10,090. Peabody Institute’s Provost Dead. Baltimore, Nov. 15. —Nathaniel Holmes Morrison, provost of Peabody Institute since 1867, is dead. I DAILY. SlO A YEAR I •( J CENTRA COPY. V | WEEKLY, $1.24 A YEAH.' | O'SHEA (JETS A DIVORCE. | HIS WIFE AND MR PARNELL LET THE CASE GO BY DEFAULT. Their Failure to Be Present or Rep re sented in Court Taken ae an Ad mission of Guilt -The Counsel forth* Plaintiff Makes a Statement in His Client's Defense. London, Nov. 15.—The trial of the o*Bhea divorce , ae, in which Mr. Parnell is the corespondent, opened this morning. A large audience wai present. Justice Butt presided. A special jury had been im paneled to try the case. Hir Edward Clark, solicitor general, and Messrs. Inderwic*', Lewis, and Coward appoared for Capt. O’rihua, the plaintiff; Messrs. Lockwood and Pritchard for Mrs. O'Bhea, tbo respondent, and McCall for Mrs. Steal* sister of Mrs. O’Shea, against wbo there Ore counter charges o t adultery with Capt. O’Shea. Mr. Parnell, tbs corespondent, was uot represented by ooudmL, Capt. O’Hbea was the only prominent figure present. Mrs. O'Hhea’s counsel said he did not intend to cross-examine any witness or call auy witness In behalf of Mrs. O'Shea, or take any part In the proceeding. The refusal of Mrs. O’.Sboa to make any defense, and the failure of Mr. ParueU to appear iu court to refute the obarge made against him iu the matter, has caused an immense sensation. The utter oollapse of tho defease Is tantamount to an acknowl edgment of guilt to the court, and will result iu Mr. Parnell belug condemned to pay the costs of the divorce proceedings. Mr. Coward briefly opened the case for the petitioner. Ho said that as he under-t stood the case the respondent denied than she t ad committed adultery, as did also the corespondent. The respondent, he said, us addition to her denial, further allegod that! the petitioner had connived at her adultery; had willfully separated himself from her, ami was guilty of unreasonable delay in bringing action against her. LET OO BY DEFAULT. Mr. f/irkwood, for the respondent, stated that he did not Intend to oross-examiae auy of tlie witnesses ouilud for by the petitioner. He would not oail auy witnesses on behalf of Mrs. G’Uhoa, nor taks auy part iu the proceedings. Mr. Clarke of the counsel for Capt. O'Shea said that Mr. Lockwood'sannounce nurnc had seriously altered tne position. now that netthar Mr. Parnell nor Mrs. O’Shea would take any part iu the cose. Mr. Justice JJutt here remarked, “The situation is quite anew one to me,” and asked, "does any one appear tor Mr. Parnellf "1 have inquired,” responded the olorkl “but find that no one appears for him. It is, therefore, an undefended case,” Con tinuing, he said|that iu the interest of his client, and in view of the remarkable plead ings, it would lie necessary to prove the petitioner’s case by sufficient evidence. THE BTORY OF TUB CASE. A petition for a dl voroo, he said, was filed in December last. Mr. Parnell hurl then put in a simple denial of the charge of adultery. Mrs. O’Shea did not content her self with a denial, but made countor oliarges against her husband, alleging that he had committed adultery with a number of different persons, including her own sister, Mrs. Steelo. hiiie also charged him with cruelty, and with having connived aS her adultery for a period extending over a seriea of years. The pioa alinret amounts to a confession of adultery. Tho husband was cruelly annoyed at tho defendant’s chargea, but he (Mr. Clarkel would be aide absolutely to disprove every possible suggestion against him. He could show that the charge of connirauoe was groundless; that when Capt. O’ribea beard of the intimacy between his wife and Mr. Parnell he challenged Mr. Parnell to fight! a duel on the continent; that continuous adultery had been committed by the re spondent aud corespondent would beprovod beyond a doubt. O’SIIKA TAKEN THE KTAND. At the conclusion of Mr. Clarke's addresi Capt. O’Shea took tbe witness stand, and was examined by Mr. ludeerwiok. He testi fied that ho introduced Mr. Paruol! to Mm. O’Shea, in 1881 he bad au angry quarrel with her about, Mr. Parnell's visits to Eltham, of which he knew nothing until ha found it out himself, anil that he had heard of Mr. Parnell visiting her at other places, and remonstrated with her about Ik In April, 1887, be received a letter from his son, Gerald. On April 15 he raw Mrs. O’Shea, and had a long and painful inter view with her. He showed her his son's letter. The letter referred to was read by Mr. Indcerwiok. It communicated matters relative to tbe visit of Mr. Parnell to Mrs. O'Shea. Tbe writer said he had heard the voice of “that awful scoundrel Parnell’’ talking to tbe dog. WANTED TO KNOCK PARNELL DOWN, lie further eald that be ahould have liked to have knocked Parnell down, hut he did not wish to upset his mother, who hod told him that Mr. Parnell had only crime to dinner anil wonld soon be goon. "Perhaps," tbe letter continued, “I ought to have kicked him. You, however, know more about those things than I do; hut If you wish me to kick him, it shall be done on tbe first opportunity.” Mr. Indeerwlck—There is aserious charge against you as regards Mrs. Steele. Is there auy truth iu that charge, or is it as abso lutely and entirely untrue as are the other charges against you* The Witnees—Ye*, certainly; thsy are all entirely false. There was no cross-examination, and Capt. O'Shea left the witness .land. PARNELL GIVES UP THE LEADERSHIP. London, Nov. 15.—The Dublin Kxprett says: “Mr. Parnell informed several of tbs must prominent men in the Irish parlia mentary party that he wdl not lead the party iu parliament during the coming session." Mr. Hexton has been appointed to; move ln parliament the Paruellite amendment to the address in reply to the speech from tbs throne. This implies that he will lead tbe Paruellitss during tbe absence of their chief. DILLON BAYS HE CAN’T RETIRE. Newark, N. J., Nov. 15.—One of the biggest demonstrations ever held in this city was the greeting given the Irish dele gates, Messrs. Dillon, Harrington and Gill, this evening, A big parndr, composed of Irish and church societies, esoorted tbs visitori to Saenger ball. The stage was filled with notabilities, including Gov. Le ,a Abbett, Mayor Hayes, Mgr. Doans, many priests and men prominent in politics. Mr. Dillon made the speech of ths evening. It was a repetition of the speeches delivered in Boston, New York, aud other cities. To an Associated Press correspondent Mr. Dillon said, referring to the cable dis patches which stated that Mr. Parnell would retire from the leadership of tbs Irish party at tbe next session of parliament, that such a thing would bs impossible under tbe existing condition n| affairs. He was sure Mr. Parnell would remain the leader. Speeches were else made at the meeting by Messrs. Harrington aed Gill. A collection was taken up and over $1,090 contributed.