Newspaper Page Text
) THE MORXIKO NEWS. ,
< Established 1850. Incorporated 1888.A
i J. H. ESTILL. President,
WANAMAKER GIVEN FITS
THE BARDSLEY INTERVIEW WITH
lI'WAOS BROUGHT OUT.
The Postmaster General Denies it In
Toto—Wanamakar’s Holding of 2,625
Shares of Over-issued Stock and At
tempt tv Get SIOO,OOO in Cash for
Them.
Philadelphia, Pa., July 10.— The sub
committee of the finanoe committee of the
city councils that is inquiring into the
failure of the Keystone National Dank ami
the scandal connected with the affairs of
ex City t reasurer John Bardsley, held
a protracted session this afternoon. The
main witnesses were Robert M. McWade,
city editor and A\ m. V, McKean, editor-in
chief of the Public Ledger, and Postmaster
General Wanamaker. The testimony of
Messrs. McWade and McKean had reference
to two statements ob ained by the former
from Bardsley on Juno 18 and 19, four days
before toe accused ci;y treasure - male his
public statement in court when brought up
for sentence.
wanamaker’s reply.
Mr. Wanamaker, after denying emphati
cally the statement made by Bardsley to
Mr. McWade, which reflected rather
severely on his (Wanamakor’s) ao lions in
connection With the Keystone Bank*s
trouble’s, explained fully his connection
with 2,(125 shares of Keystone Bank stock,
which the stubsiuthe certificate book showed
had been iasuod in Air. Wanamakar’s name.
After a tilt in committee over hearing in
public the interviews waich Mr. McWade
had with Bardsley, the opponents to pub
licity holding that their contents were of
such a scurrilous and unsupported charac
ter that the editors of the Ledger would r ot
publish them, it was voted to have the in
terviews read. A majority believed that
they should be taken for what they were
worth.
THE BARDSLEY INTERVIEW.
The Bardsley interview began bv de
claring that ho had made all the restitution
in his power, and had given up everything.
The $‘.!00,000 of the city’s mouey w hich is
missing Bardsley asserted he could account
for. He then scored Marsh for running
away, and, despite his protestations that he
would stand by him (Bardslev) to the end,
Marsh, he declared. oould explain
everything, and could tell where the S9)O, ~
00U with the Keystone Bank had gone.
Bardsley added: "I questioned Marsh about
the $1(00,000, and he coolly answered that
he did not know where it was. I exclaimed,
excitedly: *My God! you must surely know
what you did with it. Where is it!’ Here
plied: ‘I don’t know, I tell you, where it
is, or what I did with it.’ ’’
DREW’S NEGLIGENCE.
"How was it that Bank Examiner Drew
did not discover tbe bank’s condition earlier
than he did?” Mr. MoWade inquired.
"Perhaps there was a good reason,” re
plied Bardsley in a significant tone, “for his
failure to disolose his discovery. For one
thing, he was a heavv borrower from the
bank. ”
“Are you sure of it?”
lam positive of it. He first borrowed
from J hn C. Lucas, to whom he gave his
promissory note. When Lucas died Marsh
transferred Drew’s note to his own drawer.
Marsh told me about that note, and I could
have put my hand on it at auy time when I
went to the Keystone bank.
UNDER TnEIR THUMB.
"Lucas had Drew under his thumb all
along, and Marsh kept him in the same po
sition—that I know, and so does Drew and
so does Marsh. Why, it was reallv owing
to Drew that I put so much of the citv’s
money into the Keystone Bank It wr.s'on
Drew’s representations and at his sugges
tion.”
Part of the interview relating to Mr.
Wanamaker is as follows: “.Mars.i told me
that John Wamimaker knowingly held over
2,500 shares of our over-issue aud had de
manded SIOO,OOO for them, although he had
never paid or given any value for them
whatever. Mr. Wanamaker’s demand was
that Mrs. Lucas was to give $50,000 of that
amount. Marsh $25,000 and the bank the
rest of it.
wanamaker’s new demand.
"Everything seemed clear for a speedy aud
satisfactory rebuilding of tbe bank when
John \V nnamaker upset all our plans by his
remarkable demand, accompanied by a
threat that unless sli 0,000 wes paid over to
bis lawyer, P. F. Rothermel, he would
close the bank. Marsh was fright
ened and dtd not know what to
do. I told him to engage god
lawyers at once and Instruct them to de
mand an over-issue from John Wana
maker and not pay him a cent. I showed'
him that John Wanamauer was knowi:
guilty of crime in retaining those ov.
issued shares, and that he must not be ; >
blitted to bulldoze the bank.
wanamaker weakens.
“Marsh took my advice and engaged
Mayer Sulberger and John G. Johnson.
They demanded the stock and Mr. Waua
maker reduced bis demand to $25,0C0, hut
he and his lawyers were told that if the
stock was not returned by a cer
tain specified date legal action would
ha taken against him. Before
that date Johu Wanamaker weakened
end returned every share of the over-issue,
"ut while this was going ou Marsh was stilt
tightened, and went to Laoey at Washing*
ton and made a clean breast of everything
to anticipate Wanamaker. Lacey then
ordered Drew to close the bank.
WANAMAKER AS A BORROWER.
"Let me explain to you what sort of bor
rower John Wanamaker was and how he
borrowed. Here is ou instance: In March,
1890, Marsh oame to me in a great fidget,
and said that John Wanamaker wanted
$”00,000 from the bank, and must have it
right away. Marsh added that he told
"anamaker that the bauk had not that
large amount of money to spare—
hadn’t it on hand, in fact —
and Wanamaker said to him
that he ‘knew where to get it.’ Marsh said
*° mo that Wanamaker was a good cus
tomer of the bank unyhow, and he wanted
to oblige him. I told him that I oould do
nothing for him. Two days afterward he
returned and said that Jonn Wanamaker
w as persistent and must have the
money; that be knew the bank had
not got it, but if I would lend it
that the bank would not ask the interest,
bin w <inld Day over to me direct whatevor
, . onamaker would agree to give. I let
him have the money and Jonn animaker
K"t it. The books of the t ank ought to
give a good idea of his transactions.”
NEWSPArER MEN UPBRAIDED.
The interview then turns from Wana
n’a^ er ®pd Bardsley, upbraids Coi. McClure
or the Times, CoL bingerly of the llecord ,
Jom D°ian, a prominent business man and
, Politician, and others for going back on him
slu his trouble. He narrated various in
i stances in which ho had gone out of his way
~ “Ppoiut men to lucrative positions for
them, aud accused Col. McClure of being iu
the gas works, water works aud other
schemes of which there has been consider
able txik. In one instance whore Senator
Juay and Col. tSingerly collided over a local
appointment, the interview declares, CoL
olugerly withdrew his man, Senator Quay
Promising to and keeping SIOO,OOO of the
The moring News.
state fund continuously in Col. Singerly’s
Cbestuut Street National bank.
ANOTHER JOURNALIST ATTACKED.
In the second interview Hard-ley at
tacked Mr. Elverson of tbe inquirer in a
general way, and accused Col. wtngerly of
getting the city mouey. He was then
pressed to say where the $900,000 went, and
asked if it was divided among prominent
politicians and others. "That’s too absurd
to answer,” replied Bardsley; "I deposited
it and don’t know what became of it. I gave
Marsh that mouey from time to time, re
ceiving in returu certificates of deposits.”
Considerable of the res - of the interview
is taken up with Bardsley s talk about get
ting a light sentence and means to secure it.
"A good Presbyterian or two.” he said,
"might help rue with Judge Wi Ison.”
WANAMAKER COMES IN.
During Mr. McWade’s reading of Bards
ley’s statements Mr. Wanamuker had
entered the room quietly and had taken a
seat in a chair which hud been squeezed in
front of the spectators. He listened
attentively to the reading, maiutain
ing a grave demeanor. His gravity was
disturbed, how-eve - , and a broad
grin illuminated his face at Bardsley’s
i itimatiou that "a good Presbyterian or
two” might influence Judge Willson favor
ably in his behalf. Mr. U anamaker, after
taking the stand, was asked what induced
him to take such an interest iu the Key
s one Bank.
HOW HE MET LUOAS.
Mr. Wanamaker said: “My interest be
gan in President Lucas, who with his
brother was a young merchant on Market
street. He came to me one afternoon to
ward the close of ha king hours and asked
me to loau him SI,COO. I said: ‘I don’i
know you very well, hut I have
a goed opinion of you, and if Us
ail right I’ll loan you the money.’ I had
done the same thing often for others. He
convinced me that it was all right and l
let him have the SI,OOO. From that time
he was a devoted friend of mine.
BUILDING UP THE NEIGHBORHOOD.
“When I moved to Thirteenth and Chest
nut streets, and the Keystone Bank w. s
established opposite my store, I interests 1
myself iu it. I was largely instrumental in
having the Girard Trust Company
established at Broad and Chestnut
streets, my desire being to build up
the neighborhood. I did this through gen
era! public spirit, identifying myself with
tho bank because of a belief in the integrity
of those two young men, imens and Marsh,
against whom I knew nothing.”
THE BOGUS STOCK.
Mr. Hammet—"Did you place any of
those 2,515 shares of the Keystone Bauk
stock as collateral after doubt had been
thrown upon their legality!”
“Certainly not."
"It has been stated that you quarreled
with the widow of Mr. Lucas. Is that
true?”
"I have never quarreled with her."
THE CALL AT WASHINGTON.
“Please state what took place when Presi
dent March visited you in Washington.”
"President Marsh called at my house
about 8 o’elook in the evening. He said that
he had been to see Controller Lacey, and
informed him that there was more Key
stone stock out than he believed was right.
He wanted to know whether, if the
bank was reorganized, I would take
stock and assist it. I told him no.
He said, ‘What will you do to assist the
bank?’ I had no reason to assist him and
told him I would not do anything. He
asked, ‘What will be done?’ I said I did not
know; let things take their course.
Mr. Marsh tbeu said. * Good night.’
I said, 1 Good night,’ and he
left. The whole Interview lasted
about five minutes. Marsh apparently felt
that because of my old interest in the bank
he could get me to assist them. I think he
came to see me ut Washington with that
idea. I felt that I was in a delicate posi
tion, and so kept off."
THE ALLEGED DEMAND.
With reference to the alleged demand for
$100,009 for his over issue stock, Mr. IVana
malter said: “When Mrs. Lucas called ou
me after her husband’s death, I told her 1
wanted what the stock was worth. Ti.e
bauk was in good condition,
and I considered it worth SSO a
share. I believed it pledged for its
value on President Lucas’ account. The
statement is not true that I wanted any
particular sums from any particuUr pesple.
1 never made that proposition to get money
of the bauk. The bank had nothing to do
with it. I negotiated only with the
Lucas estate, whioh owed me the
money. I did not consider the
stock improperly issued, and had reason for
not considering it improperly issued. Mr.
Marsh said to me: ‘lf you will consent
to keep this stock and pay the assessment
on it, in case the bank needs
the assessment, I will get stocks
from others and if there is over-issue I
ill make your stock good. The impres
on I had was that Lucas would never
i -sue improper stock when he bad good
stock. Why should he keep genuine stock
and use stock that was not genuina
1 never had any proof that the
stock was not genuine and have not to-day.
If the statement is true that X had stock
and had not given anything for it, it is an
extremely valuable admission to me. I
simply held that stock as collateral in a
Heading stock deal and was never the bona
fide owner.”
THE ALLEGED THREAT.
Mr. McWade then read of Wanamaker’s
alleged threat that unless SIOO,OOO was paid
over to his lawyer, Mr. Rothermel, he
would close the bank.
Mr. Wanamaker—The first part of that
statement is absolutely false. Mr. Rothermel
cau easily be called to testify to that fact.
The other portion is true to this extent.
Granville B. Haincsand Lawyer Huey, with
Fresident Marsh, came to Washington aud
saw me with reference to some
settlement of the claim I had against
the stock. I said up to tha time no person
except President Marsh had called the
legality of the Btock into question. Now
that the vice president of the bank and
Mrs. Lucas' lawyer added their testimony
I felt obliged to say that they must
eitner settle with me or I could
not in justice to myself allow
the controller of the currency
to longer remain in ignorance of the
fact that it was claimed that there had been
an illegal issue of stock. They made prop
ositions coupled with an offer of a lot of
stuff that I was glad afterward that I did
not accept.
SURRENDER OK THE STOCK.
“After the bank failed they wore very
anxious to get the stock, it was ttio onlv
t dng that stood in tho way of reorganiza
tion. They threatened to bring action
against me, but this 1 reg irded as a bluff,
because the worst thing they could
do if they wanted a reorganization
would be to bring out tbe
fact that there had boon a:i irregular isssua
of stocks. As the stuck .as f very and >ubt
ful value I surrendered it to the Lucas es
tate. It seemed to me I was making trouble
for mvself with no.bing iu view. 1 have
no objection whatever to Mr. Rothermel
testifying as to his knowledge of the affair.
I am willir g that everybody ehouiu speak
freely, whether the statement comes from
within prison walls or without."
THE ALLEGED LOAN. $
Sir. MoWade next read of Mr. Wana-
maker’s alleged borrowing of $200,000 ot
Bardsley through Marsh.
Mr. Wanamaker s*id: “I pronounce that
statement absolutely and unqualifiedly
false trom the beginning to the end, without
any foundation of fact, whatever. [Ap
plause], 1 shall insist that you
take tny books and examine them.
I never had any such conversation with Mr.
Marsh or with anybody in relation to such
a loan at auy time or anywhere, in this
city cr auy other. I never borrowed
that much money at once. It
is possible my discounts were
swollen when I had to step
in and make good my accounts at the Key
stone Bank which I had checked against
in paying for Reading stock on President
Lucas’ promise to deposit the money to my
credit which I had loaned him.
I could very well have stood
up and said: ‘This is not my
deficit, but President Lucas’,’ aud could
h.ave allowed President Lucas' estate to as
sume it. I bad to make good S9S,(XX) drawn
inthisway. It is as Mr. McWade reads.
Wo were good customers of the bauk.
We had sometimes a balance
of $150,000 there. I understand
that, the bank was doing a good business,
helping small storekeepers by loaning them
money, aud I was willing that our money
should bs used in this way. We never had
any discounts except on paper that should
have gone before the board or on collateral
that was not wild-cat hut perfectly good."
Mr. Wanamaker then denied that he he’d
any Keystone stock himself, and declared
that all he held was collateral. He offe ed
all the books and those of his broker to a
committee.
OATES ON TH3 ALLIANCE.
Ha Indorses All of its Demands Except
Three.
Washington, July 10.—Hon. William C.
Oatts of Alabama in an interview to-night
domes the authenticity of the report id in
terview with him some we ks ago in which
he was quoted as say iug that the democracy
must beat tbe alliance out of existence. As
an agricultural organization he ih nks the
ullianoe a g k)d thing, me fav >rs ail f the
demands of the alliance except the sub
treasury aud land loan bills and govern
ment ownership of railroads, but condemns
the alliance methods to control the Demo
cratic party in the s uth aud commit it to
tho support of these three objectionable
measures,
THE COMPLAINTS JUST.
He says that the complaints of the
farmers are just, but some of t.ie remedies
proposed by the alliance arc infinitely worse
than the disease; that the Democratic party
favors a reduction of taxes, more ex
tended markets . for agricultural
products, and a greater volume of
sound money. He aids tnat if
tho democrats get control of the govern
ment the farmers will find in these measures
the relief they seek and are entitled to. He
strongly condemns all secret methods iu
politics, deuounces the three measures
named as the mo3t radical, paternal
and centralizing of any ever advo
cated by auy party in the
Unitod States. He calls on the alliance
loaders to furnish a bill of particulars as to
their democracy, and favors making a test
of the opinion in every convention by a
resolution against these three measures.
He thinks with tbe democracy united vic
tory is sure in 1892.
CADE S FOR WEST POINT.
A Batch of Appointments Announced
at Washington.
Washington, July 10.— The following
cadets have been appointed to the military
academy for admission next June: W. S.
Sorey of Marianna, Fla.; P. H. Johnstone
of Rocky Creek, Ga.; Fred Morris of Mari
etta, Ga.; E. N, Earner of Charlotte, N. C.;
W. Warreu of Atkinson. 8. C.; E.
Jorney, Jr., of Charleston, 8. O.;
alternate, Johnson Haygood, Jr.,
of Columbia. 8. C.; J. 8. Sirrine of
Greenville City, 8. C.; alternate - , H. G.
Patterson of Russellville, Teun.; R. E. fal
len of Knoxviils, Tenn.; J. 11. Burgess of
Southampton county, Virginia; James Furz
of Martins, S. 0.; U. 8. uuigard of Aiken,
S. O.; alternate, G. C. Aydelott of Tulla
homa, Tenn.; F. B. Baptist of Covington,
Teun.; W. 8. Bailey of Nashville, Tenn.
DUDLEY'S BLOCKS OF FIVE.
He Slows Eis Poor Taste by Joking
on tho Subject.
Washington, July 10.—Tbe attempt of
Washington to raise a $50,000 eutortaiu
ment fund to bring the G. A. R. encamp
ment here next year, which promises to be
successful, $45,000 having been already sub
scribed. has brought a curiously cynical re
mark from Blocks of Five Dudley, the In
diana member of the republican national
committee. It was at tbe meeting halil last
night to report subscriptions. Dudley, from
the committee on lawyers, reported that the
committee had not met yet, but would to
day, aud that from $3,090 to #5,000 would
be subscribed. He concluded: “We will
get together and map out the work, appoint
sub-committees, and divide the lawyers in
what I will ventura to torm “blocks of five.”
There was some laughter at this and some
disgust.
HARRISON GOSS FISHING.
He is the Guest cf a Collector on a
Revenue Cutter.
Cape May Point, N. J., July 10.—The
President went fishing to-day as the guest
of Collector Cooper of Philadelphia on the
revenue cutter Hamilton. Iu addition to
all the members of the presidential house
hold Congressman John E. Reyburu of
Philadelphia, Mrs. Roybura aud Mr. and
Mrs. Buckuian, summer residents here,
were of the party. President Harrison was
attired in a flannel shirt, dark frock coat
aud trousers and blue felt hat.
An Alliance Revolt.
■ St. Louis, July 10. —A spocial dispatch
from Kurt Worth, Tex., says; “Nearly all
the delegates to the farmers’ alliance state
convention which meets hero this
morniog have arrived. This convention isa
revolt on the part of tbe demooratio alli
ancemen against tho recent action of soma
alliance leaders. The delegates are opposed
to the sub-treasury scheme."
An Appeal Granted.
Los Angeles, Cal., July 10.—Judge
Ross of the United States district court, has
granted tbe motion for appeal in tho case
of the schooner Robert and Minnie to the
United S.ates court of appeals in Ban
Francisco.
A Nevada (Mo.) Bank Closed.
Nevada, Mo., July 10—The Citizens’
Bank of Nevada closed Us doors this morn
ing. All the county fuuds are Sucked up in
the bank. T.ie amount of the liabilities
cannot lie ascertained.
A Real Estate Agent Aseigns.
Richmond, Va, July 10. —Louis Raw
lings, a red estate agent, made an assign
ment to-day. His liabilities are estimated
at SIO,OOO. His assets consist of real estate,
the value of which is unknown.
SAVANNAH, GA., SATURDAY, JULY 11. 1891.
CROOK SDN ESS IN A NAVY YARD.
Two Clerks in the Paymaster’s De
partment Under ~rre3t.
Norfolk, Va., July 10.— James 8. Van
Rankin, paymaster’s clerk in tho general
storehouse of the Norfolk navy yard, and
H. H. Coatou, a clerk iu the same depart
ment, were arrested to-iay for alleged
stealing of composition metal and other
g ods from the government, to the esti
mated value of several thousand dollars.
The arrests were caused by a discovory
In tho store of a box of goods marked c un
inandant of the navil station at Port
Royal, 8. C., for which there was no orders.
News of ‘‘crooked” shipments had reached
the ears of the navy yard officials, and Capt.
Norton, executive officer of the yard, we.it
to the general store, aud, finding tho box,
asked Coston what it contained. He told
him, eo Coston gays, that it contained com
position metal to be sent to Port Royal.
the box opened.
Capt. Norton had the box opened, and it
was found to contain composition metal.
He ordered Coston placed under arrest, and
Paymaster’s Clerk Van itaukiu was also
placed under arrest, and he being in the
naval service, was earned aboard ttie
United States receiving skip Franklin to
await court-martial for complication in the
affair. Coston was taken before the
United States commissioner aud tailed
iu the sum of $1,900 to appear
for preliminary examination ou Tuesday
next. He said that he had only acted a. a
shipping clerk and the box in question was
t ■ be shipped line nay regular shipment.
He denies emphatically an\ irregularity iu
any shipments from this navy yard. Tha
affair has created a sensation in Ports
mouth, the home of the a-eused, where
both are well known and Tory popular.
Young Coston is a son of iCapt. Coston of
the United States marine corps.
CHRISTIAN 8.-.DEAVOK WO K.
Wbat the Societies Have Accomplished
In a Year
Minneapolis, Minn. , July 10.—This, tbe
"centennial day” of tbe Christian Endeavor
Societies was opened by Rev. Dr. Ware,
reading for the morning lesson the sixth
chapter of 11. Corinthians. Committees
were announced and thea a “free
parliament'’ was conducted by Rev.
Dr. Ronthaler of Indianapolis, the
subject bei g “What the souiety has
done.” Sociability, evangelistic ef
fort, support of pastor, conversion of
souls,Vopposition to saloons and Sunday
amusements, aud many other points were
brought out in quick succession as things
the society had dona The Paiuesvllle. (U.)
society reported that they had closed all the
saloons in their town. Kansas reported
that 162 societies had been instrumental iu
over 1,000 conversions. One St. Louis so
ciety supports a mission Sunday school of
over I,Oik) children. India: a societies have
dropped strawberry festivals, aud give the
same amount of money for missions. Chive
laud announced the close of Sunday the
aters.
A LOUISVILLE BANK FAILS.
Depositors Will be Paid In Full—Stock
holders in the Soup.
Louisville, Ky., July 10.— The Falls
City Bank, established in 1805, went to the
wall this morning, making an assignment
to the Mechanics’ Trust Company, and
closed its doors at No. 701 West Main street.
The liabilities are $431,300, of which $225,-
900 are due the clearing house, and the de
posits nre $191,700. The assets, nominally,
are $1,223,000. From the beginning of the
financial panic las' year tho bank has
been carried along by tbe clearing house
being on the ragged edge all the time. It,
has been known for several days that it wa>
ouly a matter of time before the bank would
have to go. Depositors will bo paid in full
and Stockholders will get possibly 35 cents o:i
tho dollar. The capital stuck is $000,000; J.
T. Moore is president. Tbe bunkers regard
tho failure as an excellent one, as the
creditors were getting ready to bring attach
ments.
EOM2S FOR RUSSIAN JEWS.
Five Thousand Acres Becursd in
Southern New Jersey.
New York, July 10.— The committee
on agriculture of the Baron deHirech fund
in this city, who have devoted much time
to maturing a plan for securing the estab
lishment of Russian Hebrew agricultural
colonies in the United States, are
about to begin practical operations. About
S,IKK) acres has been secured in the southern
part cf New Jersey, oa which the first
colony is to be started by the settling of
about fifty families. As son us this colony
is under way steps will be taken for the es
tablishment of a fresh settlement.
ECOOPBJD BY WE-.T R i UNION.
Tha American Rapid Te egraph Com
pany Sold Out.
Chicago, 111., July 10.— An order was
entered in Judge Blodgett’s court to-day
confirming the sale by the master in chan
cery, Mr. Bates of Now York, of the
American Rapid Telegraph Company, to a
cointnittoo representing the bondholders.
The consideration is $100,001). The lines
ere operated by the Western Union Tele
graph Company, and it is understood that
the purchasers really represent that oom
pnuy. The claims proved up against the
company aggregated $4,156,000. This ends
litigation extending over ten years’ time.
A FB'iIGHT TRAIN WRECKED.
Tha ConduotorK lied and a Flagman’s
Leg Broken.
Vicksburg, Miss., July 10.—A freight
wreck occurred this evening on the Missis
sippi Valley route near Hamburg. Eight
cars and two engines wore derailed and
Conductor John H. Waldrop was instantly
killed and Flagman White had a leg broken.
The accident was caused by the engine
mounting a rail. Waldrop’s body is still
under the wreck.
Company Stores Sold.
Johnstown, Fa., July 10. —The Immense
company stores of ttie Cambria Iron Com
pany, at which thousands of their work
men traced, have been sold to a party of un
known capitalists for nearly a $1,000,000.
The law against company stores In this
state goes into effect Aug. 1.
Key Dean of a Law School.
Nashville, Tenn., July 10.—A Chatta
nooga special says: “D. M. Key, judge cf
tho Unitod States circuit court and Post
master General uader President Hayes, hn
been offered and has accented the position
of doan of the law school of Grant Univer
sity. The tender was made by Bishop
Joyce, new chancellor of the university.”
Purchases of Silver.
Wachington, July 10. —One million, one
hundred and sixty-two thousand ounces of
silver were to-day offered to the treasury
department. Four huudrei and forty-nine
thousand ounces were purchased at from
$1.0075 to $1.00875.
A HIDE TO GUILD HALL.
TH2! EMFERO.t'., FAS AGE A CON
TINUED OVAT ON.
Tho Routa Lined by Troops and Police
and en Immense Crowd of People.
The Prince of Wales Meeta With a
Hostile Reception at Ludgate Hill.
Los don, July 10.- -The iuhabttants of
London and vicinity turned out in force in
order to witness the progress in state of
Emperor 5\ illiatn from Buckingham palace
to Guild hall and back to the palace, after
partaking of the hospitality of tho lord
mayor of I.ondou. From the earliest hours
of tho morning crowds of people literally
poured toward Buckingham palace, St.
Jaroei park, the Strand, Fleet street, Lud*
gate hill aud the city In general, iu order
to take up some position where they could
get as good a sight of tho imperial
procession as it was possible for them to got
by grim determination and good elbow
work. From ttie earliest hours also in ad
dition to the crowds of pedestrians flocking
cityward there were large bo lies of regular
troops and volunteers to be met marching
toward the position they had been assigned
to occupy along the routa, and besides sol
diers there were fully 8,000 policemen in
motiou with tho eamu object in view. Tims
crowded, the busy, hustling state of tha
streets hours before the procession started
may be easily imagined.
traffic stopped.
At 9:30 o’clock all traffic along tho route
and through the streets bordering it had
been not only stopped hut still more ef
f etively brought, to a standstill by tho will
of the pe pie, vv ho packed every foot of
space available and who were uot to he
moved under much les< pressure than that
of a police charge. As the hour for starting
the procession, midday, drew near, the
crowds pressed upon the soldiers
and police in a most good-natured though
so forcible a manner tnat it required the
utmost efforts of the red coats aud blue
coats to keep them from bruaking through
the red and blue lines formed from the pal
ace to Guild hall. \V bile tuis early crowd
ing was m progress the emperor, us usual,
hud commenced his day’s work at au early
hour.
HIS MORNING RIDE.
At about 7 o’clock the emperor had left
Buckingha m palace on horseback for Rot
ten Row, Hyde park, where he eojoved an
invigorating rifle. At 8 o’clock the em
peror reviewod the queen’s Westminster
\ olunteers oy the 1 ,wu of Buckingham
paluce. For that occasion tho emperor
wore a light blue Prussian uniform. After
this review the German ruler enjoyed a
ligat breakfast. He then visited the
naval exhibition, where he was
much interested in the models of new war
ships and big guns. Leaving the naval ex
hibition the emperor returned to Bucking
ham palace and retired to his private
apartments in ardor to transact a mass at
public business connected with the German
empire before preparing for his progress to
the historic Guild hall. Just before starting
on this journey the emperor received brief
telegraphic and courier reports, brought
by mounted policemen and caval
rymen to tho palace, upon the
position of affairs from various
points along the line the procession was to
f '!low. Ail these reports concurred iu the
premise that an orderly and magnificent re
ception would be accorded to the emperor
by tho loyal subjects of the Queen cf Eng
land.
THE START FOR THE HALL.
Precisely at noon the royal state carriage
left Buckingham palace sparkling with gold
ornaments and drawn by eight superb
ridden horses, flanked by mounted life
guardsmen and mounted police, and
conducted by white bewigged footmen and
coachmen of immense size. The royal
carriages, upon leaving the palace, passed
towards the Marlborough gate, through
lines of grenadier guards and police, backed
up by huge swaying cheering crowds of
people. As tho procession left the palace,
from every quarter within and without the
city boundaries, peais of bells rang out
from the church steeples and announced
joyfully to the expectant masses that the
imperial pageant hsd commenced.
GAY WITH RUNTINU.
Up tLeStrand th de -orations v. c e superb
not through urnt/of design, at whica there
was no atteinp’, hut through tha sheer
plentttude of tbe display. Every inch of
the way from the Strand to tho Guild hall
abounded in c dor. The fronts of buildings
ware every where draped with flowers;
innumerable lines hung in festoons or
arching the streets. Flags, of course, wore
also everywhere to be see i and hunting of
almost every nationality was displayed.
Conspicuous among all of them were hun
dreds of American flags. Clubland, in tha
West End, where the most costly display of
decorations might have been expected, was
unusually baro. only the Carlton and Junior
Carlton clubs lislng to anything like the flag
and floral decorations of former great slate
functions.
THF. WINDOWS NOT DESERTED.
Strange to add, no great number of on
lookers appeared at the club windows, nor
was there any great popular effusiveness
apparent until tho imperial party ap
proached Trafalgar square. There the
mighty roar of acclamations filled the air
as the emperor’s carriage drew near,
and his march was an incessant
ovation. The reception of the Prince of
W ales was of a mixed character. At points
he was received with unstinted cordiality
and occasionally a perfect hurricane of
cheers, and at others loud hootlngs quite
dominated the cheers, though on the wnole
his reception was favorable.
AT THE HALL.
At 12:05 o’clock the imperial party
reached the Guild hall, the approaches to
which bore various mottoes expressive of
greetings to the imperial visitors. The lord
mayor reoolved the guts at the entrance,
and a procession was formed and moved to
the library, where the court of the oommon
oouncil was held, and the recorder of the
city of London read an addrees of wel
come to his majesty. The address was
presented in a splendid gold casket, richly
enamelled and decked with precious
stones.
THE KMFBROR’B RESPONSE.
The following is the emperor’s response
to the Guild hall address of weloome:
Mr Lord—PKa=e receive my heartfelt thanks
for tbe warm weloqme extended to us by the
Citizens ot this ancient and noble metropolis. 1
beg your lordship to kindly transmit an expres
sion of my feelings to those in whose name you
have spoken. 1 have alwavs felt at borne in this
lovely oountry, being a grandson ot your
queen, whose name will ever be remembered as
that of a coble character, and of a lady groat
in the wisdom of tier counsels, and whose reign
has conferred lasting blessings upon England.
However, the same blood runs in English as in
German veins, and following the examples
of my grandfather, and of my ever lamented
father. I shall always, so far as in my power,
maintain the historical friehdahip existing be
tween these, our two nations, whica as your
lordship has mentioned, have so often baou seen
side by side in defense of liberty and jußtice.
A CAUSE FOB ENCOURAGEMENT.
I fe?l encouraged in my taek when I see that
wise, capable men, such as are gathered here
to-day, do lusttee to tbe earnestness and bon
esty of my Intentions. My aim is, above alt,
thi maintenance of peace; for peace alone can
give the confidence necessary to heaitby devel-
optneot of science, art ami trade. Only so long
as peace reigns are wo at lioerty to bestow earn
est thought tipongreat problems, the solution
of which is fairness and equity, I consider the
most prominent duty of oitr time.
You may, therefore, rest assured that I shall
continue to do my best to maintain and to con
stantly increase the good reiatl >ns existing be
tween Germany and other nations
1 shall always bs found ready to unite with
you and with them in the common labor for
peaceful progress, friendly intercourse aud the
advancement of civilization.
A breakfast in ti e Guild hall followed
the proceedings in the library.
THIS RETURN TRIP.
After the dejeuner, which lasted until
8 :20 o’clock, the imperial part/ vrere suffi
ciently refreshed for the return journey by
way of the Thames embankment. The
scenes of the morning or earlier
progress wore repeated. On the
way to the Thames embankment at
Ludgate circus, where the rougher
element of the city was packed, there were
some somewhat exciting Incidents. This
rowdy element had been getting up steam
on beer and gin and fights with the poll e.
This had been tuning up tbe mob, as it
were, so that when the Priuce of Wales’
carriage appeared it was not astonishiug
that he was somewhat sat down upon.
THIRD TO RUSH HIM THROUGH.
Ti e authorities, however, seem to have
got wind of what was expected und so when
the carriage containing the Prince and
I'rineuHS of Wales passed down Ludgate
hill and through Ludgate circus on its way
to the embankment it was not driven at the
regular procession rate, but at a decidedly
rapid pace, so much so that the carriage had
passed the daugerous spot before the
maiu body of the crowd was aware
that the prince was in tbetr midst. As it
wa9, however, in suite of the presence of
the Princess of Wains beside him, the priuce
was greeted with repealed outbursts of
jeering aud bootings, which were only
slightly sot off by a few faint cheers. The
reception mo irded at Ludgate hill to the
Prince of Wales was in strong contrast to
the hearty ringing oheers with which the
Duke of Connaught, his brother, was
sreeled5 reeled bv the Ludgate circus crowd as the
uke passed over the same ground.
HOW THE DAY WOUND Up.
[Cupyrtijht, 181)1, by the X. V. Associate J Peru.)
London, July 10.—The emperor. aftor
banqueting with the Duke of Cambridge
at Ulouoester house, finished the day at
Buckingham palace. The Duke of
Cambridge’s dinner was largely
a military und naval affair.
Everybody was in uniform of some
branch of the government service, except
ing Lord Salisbury, W. H. Smith and other
ministers, who wore in court dress. The
emperor, in a short speech, made a franker
reference to the hopes of alliance iu Eng
land, arising from his cordial public wel
oome to this city, than probably Lord Salis
bury liked to hear.
ALL IN THE DARK YET.
Only the echo of the imperial words
has yet reached outside if the offioial
circle, yet the word* in some form will find
an nutlet. There are increasing (ears that
the emperor intends that tbe political re
sults of his visit shall be of momentous
consequence. After the conclusion of the
public function to-morrow at Wimbledon,
tlio emperor will proceed to Lord Salisbury's
seat, Hatfield house, attended bv Ministers
Von Bieb rstoin and Lucanus, Gen. von
Huhuke aud Sir E. Maine tbe British am
bassador to Germany. At Hatfield
house prolonged almost daily conferences
between the English premier and the em
peror’s foreign secretary will close with a
conference, at which the emperor will be
present. It will be impossible to perguado
the French and Russian governments that
all this means nothing hut practical absorp
tion of England into the central Kuropoan
alliance.
RADICAL QUERIES DODUKD.
The radical members of the House of
Commons renewed their attempts to-night
to find out how far the English government
is committed. Hir James Ferguson was
asked whether the arbitration with Fiance
with reference to Newfoundland was pro
gressing, and Bir Jamas was obliged to de
precate discussion on the subject and to
decline information, Philip Htanhope de
manded definite declarations iu regard to
the attitude of the government to
ward the dreibund, bnt got noue. Other
radicals denounced the ojien affiliation of
the government with the emperor's policy
in giving Franco just cause for offense.
The ministerial responses were purposely
empty of all meaning. Sir Stanhope's sug
gestion that the government invite Presi
dent Carnot to England obtained a bald
reply from Mr. Smith that the government
could not send such an invitation, but
that it would always bo glad to see the head
of the French or any other friendly nation.
It was an insincere response, Mr. Smith
knowing that only the last necessities of the
state would make the queen willing or the
court consent to recolve President Caruot.
FRENCH FEELING RUNS HIGH.
An incident connected with tiie sojourn
of the Duchess of Aosta here illustrates the
nature of sentiments between the ohiefi of
the dreibund and French personages. The
duchses and Piiuce Victor Napoleon
were staying at the residet.esof ex-Empress
Eugenie at Farcborough. King Humbert,
having ordered tins duchess to appear at the
imperial reception in London, Ex-Em
press Eugenie protested that the iluohess
could not. continue to be her guest if she
figured at the kaiser fetes. The duchess
was thereupon ordered to install herself at
the Italian embaisv, where she is now a
guest, and Prince Victor took his summary
departure from England.
Both the emperor aud empress leave a
most favorable impression among those who
have met them beyond the oye of the gou
eral public.
The report ttiat Minister aud Mrs. Lin
coln ana leading officials of the United
States legation were absent from yester
day’s garden party were inaccurate, and
they have beau present at every important
function.
BACCARAT CEL.aBRtTIES PRE3ENT.
The Prince of V. ales’ Friends at Marl
borough House.
London, July 10.—The Fall Mall Ga
zette this evening, referring to the garden
party given at Marlborough bouse by tho
Prince an 1 Princess of Wales, gives great
prominence to the fact that Mr. and Mrs,
Arthur Wilson, Mr. and Mrs. LycetC Green
and Lieut. Berkely Levett, all of whom
were prominent In the great Tranby Croft
baccarat scandal, wsroamoDg the guests of
the garden party. Minister and Mrs. Lin
coln were invited, but did not attend.
Russia’s Famine.
St. Petersburg, July 10.—The suffer
ings of the people from fa nine in the Volga
region are beo.rning intense. Tho provin
cial assembly of Kazan reports 40,000 per
sons without food.
A French Village Burned.
Paris, July 10. —Hammer, near Bourg
D’Oysan, eighteen miles from Grenoble,was
destroyed by fire last night. Fifty families
are rendered homeless.
Rev. Spurgeon Growing Worse.
London, July 10. —Kev. Charles H. Spur
geon has grown extremely week. He passed
a rcst’.ese night, in action of the kidneys ex
hausting his brain.
I DAILY, $lO A YEAR.
J 5 CENTS A COPY. V
( WEEKLY, 1.25 A YEAR, f
CONSERVATISM IN TRADE
IT PROMISES BEALTHY IMPROVE
MENT IN THE FALL.
Leas Failures This Week Than Last.
t n Absence of Speculative Excite
ment and an Indisposition to Buy
in Haste —Crop Reports Continue
Highly Satisfactory.
New York, July 10.—The business fail
ures occurring throughout the country
during the last seven days, as reported to R.
G. Dun & Cos., for the United States num
ber 222, and for Canada 25, compared with
a total of 257 last week. For the oorre
spending week of last year tho figures were
PJ7.
Dun's trade review snys: “Tne unusual
conservatism which prevails in nearly all
sections and branches of business impresses
many os a most disheartening symptom.
But it may with at least equal reason be in
terpreted as tho very best ground for
cruflden;e in healthy and solid improve
ment when tho new and large crops come
forward more freely. The absence
of speculative excitement and an indisposi
tion to buy in baste, are having a most
wholesome influence. The prices of ma
terials and products are thus kept in such
relation that a large and fairly profitable
business u possible, but it will be bused when
it comes upon the actual demands of con
sumers, and not upon inflated hopes.
conservatism necessary.
"This conservative attitndo is more neces
sary this year, because, whiie money is Dow
abundant here and cheap on call, the possi
bility of disturbance abroad or of difficulty
in obtaining needed supplies for moving
crops at the west, is not yet entirely re
moved. Money remains cheap at London.
The changes there in the bank returns are
those Incident to the turn of the year, and
the resumption of specie payments In Porta*
gl this week is expected to have n good
influence.
THE CROP REPORTS.
"The crop reports have never been more
full than they are this year, and they grow
moro ole trly satisfactory os tospriug wheat
every day. improving also as to other grain
and oottoD. Wheat has declined 2 cents
during the past week, notwithstanding the
exports wore fully as large as a year ago,
but the immediate demand for corn has
caused a rise of cents, and oats ara
quoted higher. Thu sales were but moder
ate and of cotton only 11)0,000 bales without
change in prices.
THE MARKET FOR SUGAR.
"The market for sugar has been weaker
but grows steady, and refined is in better
demand. The Louisiana crop is expected
to be the largest since 1860, bounty appli
cations being for 450,000,000 pounds. The
general course of prices has changed but
little during the past week.
"Rtports from tne cities show general
dullnoes in trade at the south.
‘‘"he midsummer closing of iron works
almost suspends the trace, but while the
best brands of pig are well taken others ara
hard to tell, ami Alabama No. 1 has boon
offered hero at sl6. No activity is noted iu
rails, aud not much in manufactured Iron,
and it is thought that an early resumption
by tbe works will cause a declii e in prioes
at southern points. Tbe money market*
are oiose as a rule, though only firm and ia
fair supply at New Orleans.”
FAMILIES IN A FIGHT.
One Man Shot Through the Breast
and Others Badly Injured.
Erie, Ps., July 10.—Edinboro is greatly
excited to-night. News has just been re
ceived of a bloody battle between the Sweets
aud Cobb family on one sido and Anson An
derson’s and the MoUuhans on tbe other.
Officers have been out to-day serving war
rants, and it is thought that the vendetta
may not be carried further unless
friends of the families meet. A few
months ago Frank Anderson was arrested
at the instance of Charles F. Sweet and
tried for larceny of some articles, but the
prosecution failed. Since then open war
fare has prevailed between the Sweets and
Andersons, and the sheep and cattle of the
Bwoets have been indiscriminately shot and
maimed. Warrants wero sworn out and
Erie officers started to arrest the Ander
60DS.
A HOSTILE MEETING.
Meanwhile, Frank Sweet and Charles
Wlilis Cobb moved across to the Anderson
domain last night, aud the Ander
sons, Frank, Delos and Hosed,
au;l Ransom AioGnhan, another neighbor,
opened fire. The fire was returned. The
Andersons charged the enemy, and Frank
Anderson tell, shot through the breast.
After the ammunition was expended fist*,
knives and clubs were brought into requi
sition.
COOS AW PHOSPHATES.
The Kival Lawyers Reach an Agree
ment That Uains T.me.
Charleston, S. C., July 10.—Contrary
to all hopes and expectations, the lawyers in
the celebrated Cooaaw caso had another
conference this morning, and agreed to take
Chief Justice Fuller’s decision ou the merit*
of the case, as argued before him In May.
This unexpected agreement, while it settles
nothing, advances the litigation a long
way toward a in final adjudication. It ends
tbe argumeuts the courts here, and, in the
eveut of an appeal from tho chief justice’s
deemiou, will go direct to the United States
supremo court. The opinion of the chief
justice is expected next week.
A Naval Battle atßiston.
Boston, July 10.—The naval battalion
from the ships of the White Squadron to-day
attacked and captured Deer Island,down the
harbor. The island was defeudad by seven
boat loads of marine and naval troops, and
after a fierce battle of half an hour, the
island was taken rod its defenders carried
back-aboard the ps as prisoners.
Excessive Beat in Spain.
Madrid, July 10.—Bxoessive drought and
beat prevail throughout Spain. In Seville
to-day the thermometer registered 113' in
the shade. Great damage has been done to
vineyards aud pastures, and all the springs
have dried up.
A Dublin Paper Suspends.
Dublin, July 10. —The Freeman's Jour
nal to-day announce the death of the A’o
fion, a weekly news; aper o: this o tr, on t.e
60th anniversary of its establishment-
England’s Population.
London, July 10.—The census of Eng
land and Wales just taken, shows a t>tal
population of 23.001 .Ol^,an increase of 3,026,-
57:3, or 11.65 per cent, since the last census.
A Hydropathic Institute Burned.
London, July 10.— Glenberne hydro
pathic institute at Rothesay .has 'been
burned. The damage amounts to £60,000.
Jack the Ripper's Sentence.
New York, July 10.—Jack the Ripper
was sentenced to UXe imprisonment to-dpy.
