Newspaper Page Text
C THE MORNING NEWS. 1
< ESTABLISHED 1960. IXCORPORZTKD 1889. V
( J. H. ESTILL, President. J
JAY GOOLD’S LIFE ENDED
HE DIED OF CONSUMPTION YES
TERDAY MORNING.
All the Members of His Family at
His Bedside— The Financier Con
scious to the Last—His Condition
All Along Much Mora Serious Than
Was Given Out—No Serious Brest In
the Stock Market.
Nsw York, Deo. 2.—Jay Gould died at
9:15 o'clock this morning of pulmonary
consumption. At the time of his death all
the members of his family were at bis bed
side, most of whom bad watched there
through the night. His death was not un
expected, as Mr. Gould bad been unoon
scious for several hours. He leaves four
sons, George, Edwin, Howard and Frank,
and one daughter, Helen. Mrs. Gould died
about two years ago.
The real condition of Mr. Gould’s health
was not realized until a year ago, when he
broke down in the famous Missouri Pacific
meeting. This occurred in November, 1891.
The Missouri Pacific railroad was Mr.
Gould’s pride. He had built it up and had
made it a dividend-paying road. He was
very jealous of the reputation which the
Vanderbilt roads enjoyed, and always
pointed to Missouri Paciflo when he was
charged with beiug a railroad wrecker and
not a railroad builder. The Gould boys at
the time were reported to be heavily
“short” of the market. The great bull
movement, based on the enormous
crops of the year, was in progress.
A FAMOUS MEETING.
The directors of the Missouri Pacific met
and both Mr. Gould and his son George
favored the passing of a dividend. Accord
ing to the reports at the time, Kussell Sage,
who was long of the market, was violently
opposed to the move. 8. 8. Sloan was the
conservative president of the Delaware,
Lackawanna and Western railroad, and
also a director of the Missouri Pacific. He,
too, was opposed to the ete;>. The debate
between George Gould and Mr. Sage grew
into a heated altercation. Jay Gould broke
down, aud, it was said, actually wept. He
fainted away, aod showed his constitution
broken. The dividend was passed and the
bull movement was restored. This action
was first charged to manipulation of the
market so that the Goulds could cover their
shorts, but wheu the facts were made known
Wall street at last realized that Mr. Gould
had nearly ruu his course. Last summer
Mr. Gould broke down at a directors’ meet
ing. He was said to be consumptive. His
sons said that he was suffering from a
bronchial affection. In his private oar be
went to toe southwest and remained there
for three months. •
THE RETURN TO NEW YORK.
He returned to New York in time for the
Manhattan Elevated and Western Union
annual meetings in September. He moved
and a' ted like a man 80 years old, bent with
years of life. The Western Union was about
to issue a stock dividend for the (13,000,000
surplus in its treasury and the financier
could not keep away from the scenes of his
triumph. He bad a number of schemes rel
ative to Western Union and Manhattan in
his mind. But nature asserted its sway aud
they were deferred until his brain could re
sume its accustomed vigor. That day never
came and Mr. Gould for four weeks has
transacted the principal portion of his busi
ness at his house, only making a few scat
tering and brief visits to his downtown
office. The family hoped that he would re
cover, as usual, but the attack last Wednes
day dissipated such hopes. Mr. Gould at
the time of his death was 56 years of age.
UNKNOWN FOR HAI.F AN HOUR.
The news of Mr. Gould’s death was un
known outside of his house for half an hour
after. The first authentic verbal news of
the event came from the colored butler,
who, responding to inquiries, verified the
report.
All day yesterday contradictory reports
about his condition were circulated, but
late iu the evening it was acknowledged
that be was railing fast. At 1 o'clock this
morning he seemed to rally and the family
retired, but at daylight his condition was
mere alarming and the family again as
sembled at bis bedside. It was apparent to
all that the end was near, and Mr. Gould
seemed himself to realize the truth. The
end came peacefully and quietly. Just
before his death Mr. Gould, realizing its ap
proach, expressed a desire to see the mein
hers of his family. He was conscious and
entirely composed. The meeting ended with
calmness. His mind was dear to the last,
as was demonstrated by the fact that he
missed the faca of a member of the family
who had left the room fot a moment. Mr.
Gould’s last words were in the form of a
request that he might, at the closing
moments of his life, bo surrounded by the
boloved members of his family.
The servants were informed of the death
immediately after its occurrence.
CAUSED BY CONSUMPTION.
The physicians have not stated definitely
the nature of the recent illness, but it is
generally believed that it was pulmonary
consumption. Mr. Gould is said to have
had several hemorrhages, the first occurring
the day before Thanksgiving, another a few
days later, aud still another a few days ago!
Mr. Gould bore his suffering bravely, and
was grateful for all that was done for him.
Monday’s services will be simple and un
ostentatious in accordance with the wishes
of the deceased. The services will be held
in the family mansion and conducted by Dr.
John R. Paxton, assisted by Chancellor
McCracken and Rev. Mr. Roderick Terry.
The interment will bo nt Irvington-on-the-
Hudson, where the body of Mrs. Gould re
poses.
HIS PRO PERT A TIED UP.
An important announcement in reference
to the Gould interests was to-day made by
Washington E. Cone or, who until a few
years ago was a business partner of Mr.
Gould. Mr. Connor said: “The bulk of Mr.
Gould’s property has been placed in the
handß of trustees, thus effectually tying up
his interest in such corporations as Man
hattan, Western Union and M issuerl Pacific.
This will prevent the Gould interests being
divided or the stocks -going on the market.
Mr. Gould had not been active in Wall
street for some years. For two years past
practical management of bis a‘" Ira lias
been in the hands of his son George. Mr.
Gould’s death does not ebauge the intrinsic
value of bis properties au iota.”
Cbauncey M. Depew said: “Mr. Goutd
had been for some tiin*> unloading bis prop
erty upon his sons, Edward aud George,
who are now identified with most of his
property, which is so concentrated that it
will not be affected by his death. The boys
will carry out their father’d policy, and I
do not think his death will either affect the
market temporarily or in the future.”
STOCKS FAIL TO BREAK.
The effect of the new* of Mr. Gould’s
death on the stock exchange this morning
was anxiously awaited. There was an in
terval of nearly an hour between the time
the first news of his death reached the street
aud the opening of the exchange, and
nothing else but the death of the sago finan
cier ana the possible effect of his death on
the properties with which he was promi
nently identified with was discussed. It was
the concensus of opinion among brokers
that there would be some selling of those
’’ropsrties, but none would admit that there
was any fear of an aotive selling. Shrewd
brokers were of the opinion that the prop
erties were well protected, and that nothing
in the shape of a very decided break would
oocur.
A BIG CROWD ON THE FLOOR.
When the market did open there was a
large crowd in the board room and for a
time there was considerable offerings of
Gould stocks, notably Missouri Paciflo,
Western Union, Manhattan and Atchison
stocks, and they were sold to considerable
extent, but they only broke fractionally.
Missouri Pacific made the greatest decline —
1% per cent, to 51, but recovered in the first
fifteen minutes to 55. The market then
steadied somewhat. There was very little
excitement at the opening of the market.
MORE ACTIVE AFTER MIDDAY.
The market was decidedly more active
after midday, while prices were strong.
One of the factors of strength was the de
velopments at the Brussels conference to
day, foreshadowing a repeal of our silver
purchase law. Even Missouri Pacific and
Western Union rallied sharply from
their early deolines. lu Burlington. Louis
ville and Nashville, Atchisou aud other
lately demoralized stooks, there were ample
signs of covering. Sugar was about the
ouly weak stook, oiosing % per cent, lower
under some unloading. In tde last hour a
strenuous effort was made to break the
market, using Reading as the target. The
bears sold fully 20,000 shares of the stock in
tho afternoon, and at the same time offered
wagers that the Interest on the Income was
paid with scrip.
CLAIMS OF INSIDERS.
With regard to the assertions about the
interest pavmsnts iusiders said the income
bondholders would receive their interest in
cash. New England was a feature of the
afternoon, advancing sharply and closing
3 per cent, higher on buying by some big
houses. Tho buying was based on a report
that an agreement between the New York
aud Northern, Manhattan and New England
roads had been made and would probably
be announced to-day. The closing was at
about the best prices of the day. The ad
vance ranged from >6 to 3 per cent, aud
next to New England Western Union was
the moat conspicuous. The sals were 426, -
835 shares.
WON’T AFFECT THB MONEY MARKET.
Washington, Dec. 2.— The death of Mr.
Gould was the universal subject of discus
sion in official eircles this morning. Secre
tary of the Treasury Foster voiced the
opinion of the administration when he said
the death would have little Of no effect on
the money market of the United States,
that his death had been discounted, and
from the fact that he had withdrawn from
active participation lu Wall street for sev
eral years his death oould not now disturb
business.
ITS EFFECT ONLY TEMPORARY.
Philadelphia, Dec. 2.—The death of
Mr. Gould was the one topic of conversation
in Philadelphia financial oiroles to-day.
The eonsensuß of opinion among leading
bankers was that while his death might
have a temporarily depressing affeot upon
the market, its influence would ssou be
spent.
A TEMPORARY SLUMP IN LONDON.
London, Deo. 2.— Partlaulars of the ef
feot of Mr. Gould’s death upon the markets
here show that for the moment the news
caused thorough disorganization, and Mis
souri Pacific, Kansas, Wabash and Union
Pacific stooks were especially pressed for
sale. There was a sharp decline, instantly
succeeded by a reaction, under whion stook*
almost entirely recovered from the decline.
This rapid recovery was attributed to the
effect of the earlier cable dispatches prepar
ing the people for his death, so the news
wheu it came, did not take them altogether
by surprise.
Jay Gould’s career has been the objeot of
so many newspaper articles that the publio
is already tolerably familiar with his life.
For the past ten or twelve years there has
hardly been a day that some operation in
railroad or other stocks has not beeu cred
ited to hiui, though his direct connection
therewith could not be traced. Ho was a
native of New York state, having been boru
at Roxbury, Delaware oounty, fifty-six
years ago. His father was a farmer and
the early years of the future “wizard” of
finance was not different from the lives of
other fanners’ so-a Until he was 14 years
old he hunted calves in the morning and
split kindlings in the evening just like a
boy with au ordinary future before him.
At that age be entered Hobart Aoademy,
New York. Of his studious disposition and
the difficulties he underwent at
that time to gratify his desire
for knowledge many fanciful and
many doubtful narratives have been writ
ten. Suffice it to say, however, that be im
proved his natural mathematical taient and
learned surveying, whiea was the basis
upon whioh he built his fortune, for it
was with money made upon maps of certain
parts of New York state that he “got bis
start.” During his surveying tours Mr.
Gould necessarily learned considerable local
history, whioh be turaed to aocount by
compiling and publishing a history of Dela
ware county, which is about the sum total
of his literary achievements. His uext en
terprise was a tannery, whioh he built as
the copartner of Zadock Pratt. The tan
nery inoldent, from which Mr. Gould
emerged with considerable profit to himself,
has been too frequently written up to re
quire repetition here. How much ready
cash the tannery brought him Is not
definitely kuown, hut he bad sufficient to
go into the market after the crisis of 1857
and buy a controlling interest in the
Stroudsburg (Pa.) bank, and the bonds of
tho Rutland and Washington railroad at 10
cents on the dollar. Shortly after this rail
road bond purchase, his first, be abandoned
every other interest and put every cent he
possessed into railroad securities. And
ever since railroads have been the chief ob
jects of his attention, though be has been a
power in other stooks and at time of his
death oontrolled the greatest telegraph sys
tem in this country and probably the great
est in the world. His advent into the finan
cial world of New York was made in 1859,
when ho established himself there as a bro
ker and captured the Erie road, of which
he was president until 1873. Erie made Jay
Gould famous as well as rich. His next big
deals were iu Union Pacific, Wabash, St.
Louis and Northern, Missouri Paciflo, etc.,
and every stock he touched eeemed to be a
| spigot to pour out wealth upon him. While
making a specialty of railroads, as men
tioned before, be did not turn aside
from other inviting schemes, but
invested heavily in the Atlantia and Paciflo
Telegraph Company and American Union
Telegraph Company, both of whioh were
subsequently merged into the Western
Union Telegraph Company, to Mr. Gould's
profit. In 1881 be became interested in the
elevated railway system of New York city
aud offered to assume oertain liabilities. A
doubt having teu oast upon bis ability to
do so, he convinced the doubters by exhibit
ing to a select committee securities valued
at $30,009,900, and offered to produce more
if necessary. It was not. thought necessary.
At the time of his death he was unquestion
ably one of the richest and most influential
men in the world. The death of no other
American financier has ever brought forth
an expression from the federal treasury as
to its probable effect on finance. In do
mestic life Mr. Gould is said to have been
almost a model for men; kind, loving and
Indulgent to wife and children. He has
generally been regarded as something of a
miser, but the chances are that when his
SAVANNAH, GA., SATURDAY, DECEMBER 3, 1892.
will is made public many gifts to worthy
causes will be found there. During the last
year or two he baa made some splendid
gifts to ohurches, etc., and always in an
unostentatious manner, which would seem
to Indicate that bis nature was far from
oloea and sordid.
CLEVELAND VERY FRISKY.
He Bays He Feels Like a 16-Year
Old.
Exhore, V A., Deo. 2.—To-day was
favorable for ducking. Mr. Cleveland went
out with George Doughty to the south end
of High Shoal. When starting for the
blind Mr. Cleveland appeared in exception
ally high spirts. He said if he oould not
hit the ducks he wonld start a Fourth of
July among them. When entering the sail
boat which oonveyed him to the channel
Cat Hargis offered to assist Mr. Cleveland,
who said be felt younger than Hargis
looked. He expressed himself as feeling
younger than a 16-year-old boy. The ducks
were flying In considerable numbers and
Mr. Cleveland sucoeeded in bagging nine
teen brant, ten broad bills, ssveral dippers
and five shell ducks. The party returned
to the lauding shortly after 4 o’clock.
INVITED TO OLD POINT COMFORT.
The President-elect this afternoon re
ceived an invitation from the manager of
the Hygeia hotel at Old Point Comfort to
visit that retort. Mr. Cleveland will leave
for the north late Hunday evening. It is
considered improbable that he will accept
the Hygeia invitation. The programme for
the remainder of the stay upon the island is
a final ail day duoklug expedition to-mor
row, quiet rest indoors Sunday, and the
homeward journey to oominsnoe Sunday
night.
BAN BAL V A DOR’ a EARTHQUAKE.
Considerable Damage at La Union—A
Third of an Island Disappears.
Ban Francisco, Deo. 2.— The steamer
City of Panama brings further news of the
rcount earthquake in Ban Salvador. Signs
of aotivity were notioed about the crater of
the Conchagua volcano, near La Union, in
the Gulf of Fonseca, on Oofc. 18. A violent
earthquake followed at 10 o’olook that
night. The 5,000 Inhabitants of La Union
fled to the beach. Shock after shock struck
the city, and the older buildings were tum
bled in ruins. The stone eathedrai was re
duoed ta a heap, and fifty or sixty other
buildings were completely wrecked.
Twenty-four persons were injured The
trembles lasted for several days, but did
little further damage.
One-third of the island of Conohagua, iu
the Gulf of Fonseca, seven miles trom la
Union, was split off by the etwscs , and sud
denly sank out of sight. The o/aier of the
Conohagua did not break forth, but still
showed signs of the oominv eruption.
CHATTANOOGA SHAKEN UP.
A Tbaory That It Was caused by a
Collapse In a Cave.
Chattanooga, Tenn., Dec. 2.—About 3
o'olook this morning a decided shock was
felt in this section extending from Hill City,
a suburb north of town, to the summit of
Missionary Ridge, an area of about
miles square. The shock was apparently
from north to south. Doors in houses flaw
open, piles of lumber were upset, coal at
shutes rolled down and water vibrato!.
Old residents claim that the shock was
caused by the breaking down of some of the
enormous caves which honeycomb the geo
logical formations hare. No oosualitiea are
reported.
AN EARTHQUAKE AT NASHVILLE.
Nashville, Deo. 2.—An earthquake was
felt here at 3:40 o’olook thin morning. It
lasted three seconds. While very slight
here Southern Tennessee was violently
shaken.
APPROPRIATIONS OF CONGRESS.
Speaker Crisp Working to Have
Them Held Down.
Washington, Deo. 2.— Speaker Crisp
would like to have an understanding be
tween the democrats of the different House
committees having charge of appropriation
bills, which would make their aotlon har
monious. He will try to get together
the chairman of the committee on
appropriations, on military affairs,
on naval affairs, on postofflees, on
agriculture and on Indian affairs,
which prepare the appropriation
bills, for a comparison of views and an
agreement, if possible, which will result in
keeping the appropiations down below those
of the second session of the last House. If
this is not accomplished tho different com
mittees working independently, and eaoh
expecting: the other to reduce appropria
tions, will make retrenchment difficult.
FATHER AND CHILD KILLED.
Both Dashed to Death in Leaping From
a Failing Building.
New York, Deo. 2.— Fire In a tenement
on Flashing avenue, Brooklyn, this morn
ing resulted in the death of two persons,
father and child, and the serious injury of
a number of others. The dead are: Michael
Doyle and his 8-year-old daughter, Nellie.
The fire spread with great rapidity and
the panio-stricken inmates stood at windows
imploring aid. Those on the first Hour
were resoued by firemen. Doyle attempted
to save bis children by throwing them from
a window, and bad tossed two of them out
when he himself and Nellie fell to the
ground, both being killed. Mrs. Doyle aud
the remainder of the family were rescued iu
safety. Before those iu the higher stories
were resoued a number were seriously
burned. The financial loss is small.
LAST YEAR’S IMMIGRATION.
The Arrivals Foot Up 680,608—A
Head Tax Recommended.
Washington, Dec. 2.— The superintend
ent of immigration reports that 589,063 im
migrants arrived in this oountry during the
last fiscal year. Two thousand eight hun
dred and one came iu violation of the law
and were returned to their homes. Sixty
thousand Canadians who enter the Btutos
every spring and return to their homes in
the fall, spend their earnings In this
oountry. The commissioner thinks it
might te advisable to extend the 50-cents
head tax to all immigrants coming over our
northern and southern borders, wages being
here on an average 50 per cent, higher than
in Canada, and 100 per cent, higher than in
Mexico.
Cotton Market Oddities.
Bt. Louis, Mo., Deo. 2l—A singular con
dition of affairs exists ns regards the dif
ference In the prioe of ootton in the differ
ent markets of the country. There was a
line of 750 bales sold here to-day at 9%
cents to 10 cent* per pound for middling.
At the same time New Yor* was selling
December contracts, about the same as spot
cotton, at cents. This made a differ
ence or nearly 1 cent in favor of spot oottuu
in St. Louis against contract* in New
York.
SILVER'S BSE AS .MONEY.
THE CONFERENCE GETTING DOWN
TO BUSINESS.
The Bpeoial Committee Votes to Rec
ommend Discussion of the Morltz-
Levy Scheme —The Rothschild Propo
sition Strongly Supported Four
Vital Questions Which Play an Im
portant Part.
Brussels , Deo. 2.—ln its report to the
international monetary conference to-day
the special oommittee appointed to oonslder
the various plans declared the proposal of
Mr. Rothschild extremely interesting and
worthy of serious attention. The commit
tee had decided, nowever, especially to
recommend to the conference the
Moritz-Levy plan of the with
drawal from circulation of all bank
notes and gold coin below the nominal
value of 20 francs and the issue of a silver
and paper ourreney having the same pur
chasing power as gold c r ■ i below 20 francs.
It is understood that tne delegates from
France, Italy, Belgium, Norway, Sweden
and Russia were opposed to the Rothobild
plan. The delegates of the Latiu union dis
approved of the plan on account of the op
position to make 43 pence the maximum
purchase price of silver, aud refused to lie
conciliated even when t.’.is figure was raised
to a higher one. The American delegates
are determined to persist iu advocating their
pilans on bimetallism, and believe the con
ference should remain in session until there
has been opportunity for thorough discus
sion.
FOUR VITAL QUESTIONS.
The report of the special oommittee said
that bofore considering the plans of Mr.
Rothschild, Moritz-Levy and Zeotber they
had tried to clear the way by getting an
swers from delegates to lour vital questions.
The first was: What measures will the sil
ver producing countries take to restrict or
regulate production?
Henry W. Cannon had answered that no
artificial means of regulating the produc
tion of silver existed in the United States,
and that legislation to tt at end was improb
able.
Deputy Don Jaquin Casasus made a sim
ilar reply for Mexioo.
The second question had been: What are
the prospeots regarding the future produc
tion of silver?
Mr. Casasus had answered that in Mexioo
the production had reached its maximum,
the tax having been rsduoed from 30 to 7>s
per cent.
Mr. Canuon bad answered that silver pro
duction in the states was confined to six
states and three territories. Extension of
the Rooky mountain railways had opened a
large number of mines whose total produc
tion, although unknown, had rcaohed or
exoeeded highest previous average.
POLICY OF THE UNITED STATES.
The third question had bean: What Is
the policy of the United States concerning
silver purchases?
Mr. Cannon bad answered that the Dem
ocratic and Republican parties and the
bankers of New York had deolared iu favor
of repeal of the silver purchasing act of
1890 aud this aot In all probability will be
repealed If no International agreement
were made at the present conference.
The fourth question had been W hat is the
policy of India in the matter of silver coin
age?
Sir Guilford Molesworth answered that as
long as hope of an international agreement
existed India would he reluctant to alter her
present money system, but if the conference
collapsed and consequently the last
chance of united action were lost
India would feel obliged to act for her
self. The adoption of n single gold stand
ard bristled with difficulties which excited
apprehensions in India’B mercantile world.
Yet she felt assured that her adoption of
gold monometallism would be stiil more
disastrous to countries already having a
single gold standard. The only satisfac
tory solution of the prhblem, as far as he
could see, would be international bimetal
lism, in which India gladly would join the
Latin union and the United States.
ROTHSCHILD’S PLAN DISCUSSED.
After the depositing of the four questions
and answers the oommittee had proceeded
to discussion of the Rothschild’s plan. The
opponents of tne plan had contended that
natural eoonomio laws would neutralize
the effects of such an artificial mode of
trying to appreciate silver. The aot neces
sitating government purchases of silver
in the states had failed signally not only to
raise the price, but adso to prevent its rail
ing. Moreover, in 189-’9l, Europe had ab
sorbed 300,000,000 franca worth of silver
for coinage without having had any effect
in preventing the depreciation of silver.
To these objections Mr. Rothsohild had re
plied that the arguments of his opponents
were ontirely one-sided. The American ex
periment had been quite conclusive.
Henor Osma, a Spanish delegate, then
presented Mr. Rothschild’s plan In the form
of a bill providing that European oountnes
should purohase 30,000,000 ounces of silver
annually on condition that the United
States should continue tbelr present pur
chase, and that Mexico and India should
maintain unlimited coinage, each nation’s
quota of the purchase to he determined at
some future date aud each being free to
effect purchases in Its own manner.
At tills point the report states that a wide
divergency of opinion became apparent la
the oommittee on the question whether the
oentral International organization should
be created to purchase silver in a lump for
all the contracting powers, and then allot
each country its share, or each oountry
should purchase Its own share independ
ently of all others. No decision was re
ported on this matter.
The oommittee decided not to enter
deeply into the oomplioations of Adolph
/aether's plan, but to oonflne themselves
to Moritz-Levy’s proposals, a recommen
dation for the Rothschild plaa was defeated
by a vote of 7 to 6.
As regards Levy’s plan the oommittee
took the action already indicated, with the
approval of a large majority. Neverthe
less Sir C. Freeinantle, a delegate for Great
Britain, declared that be was nnable to
pledge England to withdraw her smaller
gold coins unless in connection with some
such plan as that proposed by Mr. Roths
child.
After discussing the report and general
questions of the principle involved in the
battle of the standards, the delegates de
oided against reverting at onoe to discus
sion of the original American proposals,
lest such should lead to premature dissolu
tion of the oonferenoe.
The conference adjourned after passing a
resolution to meet again next Tuesday to
discuss Morit-zLevy’s plan.
During the discussion to-day the Dutch
delegate, Herr Bissevaln, and a Belgian
delegate, M. Allard, expressed‘strong bi
metallist views.
Mr. Currier, a delegate for Groat Britain,
created the first sensation of the conference
by making a fleros attack on the United
States for their attitude toward the silver
question He denounced the selfish policy
of the American government, and warned
other delegatee against pulling chestnut*
out of the fire for the United States. They
wished to make a scapegoat of Europe, he
said, in the present conference. lie derided
the attempt to raise the price of silver iu
deflanoe of natural laws and by trivial
artificial measures.
ROTHSCHILD’S PLAN LIBERALIZED.
Washington, Dec. 2.— Secretary Foster
of the treasury said this afternoon: “Pri
vate information from Brussels states that
the committee of the international mone
tary congress to which was referred the
Rothschild plan, have reported modifica
tions liberalizing the proposition. It is also
stated that bimetallism will be first debated.
It is believed that some good lias already
been aooomplihed.”
OBNTRAL’B REORGANIZATION.
New Bonds at a Lower Rate of Inter
est the Probable Outcome.
New Yore, Dec. 2.—The board of direct
or* of the Georgia Central passed resolu
tions to-day requesting H. R. Hollins, C. H.
I’hinisy, Emanuel Lehman, James T.
Woodward, James Stillman, R. Rollins
Morse, E. E. Denniston, F. M. Colston and
Louis Fitzgerald, being now all members of
the advisory committee, and Jacob Schiff,
who has given to said oommittee, nt their
request, the benefit of his advice and ex
perience, be requested to proceed further
and formulate a spociflo plan
for the rehabilitation of the
property and credit of the company; also
appointing Ueorge J. Mills and U. B.
Harrold a committee of the board to oonfer
and co-operate with tho advisory oommit
tee with power to supply ail the informa
tion required by them. It is understood
that a proposition will aoon ho made by the
finance committee to reorganize the Georgia
Central company by issuing new bonds at
a lower rata of interest with the object in
view to protect the stock aud junior securi
ties of the company.
MUMMIES IN TENNESSEE.
They Wers Found in a Cave and Are
Similar to Those of Egypt.
Chattanooga, Dec. 2.—Two prominent
citizens of Loudon oouuty, Tennessee, while
hunting in the mountains discovered a cave
containing well preserved mummies, similar
in every respect to those of Egypt, and a
largo trunk or oaso hound with brass, sealed
in several places. Upon lining opened it
was found to oontain soveral leather cates,
also sealed. The largest was
opened aud a roll of parchment
found covered with Hebrew characters.
The relics were deposited in the vault of the
First National Dank of Loudon and the
Bmithsouian Institution notified. Rev. Dr.
Tucker, pastor of tho Presbyterian ohuroh,
translated one of the manuscripts and finds
it to have been written by Menkara, high
priest of the land of Khem. it contains
reference to hidden treasures whloh the
writer says will be needed for a great war.
The story is stranger than Rider Haggard’s
most visionary efforts.
BBI3BON FAILS.
*
Bourteolse's Refusal to Accept a
Portfolio the Main Cause.
Paris, Deo. 2.— M. Brinson fans confessed
that lie is unable to form a ministry, the
chief cause of his failure being the refusal
of M. Bourgeolse to accept the portfolio of
the interior previously held by the late
premier, and the refusal of M. Periere de
Larsen to join the intended compromise
cabinet. The announcement of M. Brig
sou’s failure caused a feeling akin to oon
ftei nation and there ia Increasing apprehen
sion of danger to the republio in prolonga
tion of the crisis.
It is reported that M. Perrier has been
requested by President Carnot to form a
cabinet.
BUNDAY AT THB FAIR. \
The Sentiment in Favor of Keeping it
Opan Growing Rapidly.
Chicago, Dec. 2.—There is a strong and
rapidly growing moral and religious
sentiment iu favor of the repeal of
the world’s fair Hunday oiosing act. Sev
eral prominent clergymen head the move
ment. Mr. Thompson, secretary of the
World’s Fair Hunday Opening Association,
has a letter from Cardinal Gibbons saying:
“The Sunday closing of this spectacle
would be very unfortunate for many
thousands of our oountrymen who
would be tempted to spend the day in dissi
pation. In their name I would fuvor open
ing the fair Sunday afternoous to evening,
with provisions that ail the machinery
should be stopped and ail mechanical aud
laboring work that will not be urgently nec
essary should close. In this Ido not see
auy desecration of the holiness of the day,”
ON TRIAL FOR MURDER.
A Marshal Must Answer for Killing a
Moonshiner.
Raleigh, N. C., Deo. 2.—ln the United
States circuit court here to-day the first
murder case ever tried in that court was
taken up. The defendant is United States
Deputy Marshal Rhodes aud he is charged
with the murder of a moonshiner named
Edwards, in Duplin oouuty two years ago.
It is in eviilenoe that the moonshiuer was
under arrest aud tried to escape near hi*
house. He oalled upon his dogs aud his
wife made httr appearance accompanied by
several savage dogs. These were set upon
Rhodes and the moonshiuer attempted to
esoape. He was shot aud mortally wounded,
dying in five weeks.
COTTON IN TEXAB.
The Crop of the Btate Won’t Exceed
1,760,000 Bales.
Charleston, 8. C., Deo. 2.— Hon. John
E. Hollingsworth, commissioner of agri
culture of Texas, in a dispatch to the News
and Courier to-night, saysi “The acreage
of the Texas cotton orop has decreased 15
per cent. In Houthern Texas four-fifth* of
the crop has been marketed aud in Northern
Toxas tbree-fourths. The top crop will bo
too small to add materially to the orop.
The weather Is very favorable for gather
ing, aud under the stimulus of nigh prices,
the farmers have rushed the crop to market.
The orop of the statu wou’t exceed 1,750,000
Dales.’*
MURDERED BY A ROBBER.
One Bister Shot Dead and Another
Mortally Wounded.
Raleigh, N. C., Dec. 2.—ln Moore
county, last night, an unknown negro went
to the bouse of an aged white man named
McDonald and demanded money. McDon
ald’s aged sisters screamed, whereupon the
robber shot one dead and mortally wounded
the other. He then forced McDonald to
surrender his money. The people are wild
with excitement and lynching will follow
his capture.
Dr. Bcott’a interment.
Washington, Pa., Deo. 2.—The remains
of the late Dr. Boot* were interred at Wash
ington cemetery this morning. Immedi
ately after the service President Harrison
and party left for Washington, D. C.
BACK IN WASHINGTON.
Washington, Deo. 2.—President Har
rison and family returned to-mghw
OOTTON MILLS IN LUOK.
Everything Favorable for a Success
ful Year.
New York, pec. 2.— Brad street's to
morrow will say: “The features of the
week are tho exceptionally favorable posi
tion of cottou mills north and south; she
heavy advance in the prioe of print clothee
with an outlook for a further advance to
4J£ cents per yard; increased currency at
the touth due to the higher price of oottOD,
and the reaction in the asking prices for
lome grades of pig iron of 25 cents per ton
in northern markets and 50 oents per ton on
steel billets.
“The severe Paolfio ooast storm interfere*
with trade temporarily. There has been a
clearance of a cargo of barley for London
and another, with general merchandise, to
the west coast of South America.
“Four of the Augusta, (Go.) shirting and
drill mills report large business and good
profits last year, aud this year the outlook
is for a continued strong demand. No
reasonable advance in the prioe of ootton
oau now ourtail prices materially. So far
as reported to Bnuistreel's the mill owners
at the south evideutly have fair stocks of
low-priced oottou on hand.
“Our Boston correspondent wire* that
cotton good* manufacturers have stooks of
8-cent ooltoa large enough to oarry them
to April 10, aud aontraot* for enough work
from Bto 10 oents to keep them busy until
the middle of June, 1893, A few raills have
contracted ahead for an entire year.
wool quiet.
“Wool is very quiet; prices barely steady,
and no trading. Our Australian takings
are only one-half those of a year ago.
“Cotton roaoted somewhat from the re
cent highest quotations, due to realizing
sales. Opinions south as well as north have
been expressed that the short crop calcu
lators may be discounting the reduced yield
too heavily.
“Home fabric*, even prints, are lest aotive
than print cloths; woolens are quiet.
“ Philadelphia worsteds spinners report
business dull. The advance lu iugraiu car
pets is maintained.
“Throughout the south, as indicated by
advices from Galveston, Birmingham, New
Orleans, Augusta, Atlanta, Charleston,
Rlohmond and Memphis, all fanny gro
ceries, fireworks and other Christmas
specialties are in demand, with other
wholesale lines relatively quiet. Thera lea
good demand for rioa, whloh ia lower.
COLLECTIONS GOOD.
“Mercantile collections are said to be
good generally, exoept where the ootton
orop is exceptionally short.
“Baltimore end Ht. Louis report fair ail
ing in orders from the south, Bt. Louis
adding that spring orders for furniture,
oak, sole leather and shoss ore making trade
quite active.
effect of gould’b death.
“Mr. Gould’s death resulted in considers
bis stock market activity, but anticipations
of either speculative liquidation* era suc
cessful bear raid failed of realization, the
event being expected. Leading interests
supported the market, whloh shows
a firm tone and higher price* in most in
stances, particularly the Gould stnoks, in
the face of the engagement of 11,500,000 In
gold for Europe. The underlying senti
ment of speculation is, however, bearish on
the prospect of ths Brussels oonfersnrs hav
ing no practical results, while tbs strength
of exchange poiuts to further gold export*.
GOLD TO BE EXPORTED.
“Foreign bankers are unanimous that tbs
absence of supply bills against ootton ex
ports renders further gold shipments inev
itable.
“Silver is slightly weaker, the limited
speculative demand created by Mr. Roths
child’s proposition at Brussels having dis
appeared. Hanking and financial opinion
is practically unanimous against the ac
ceptanoc of the English proposals or a
continuance of silver purohase* under the
law of 189 U, in the ahssnoe of an interna
tional agreement with regard to silver.”
Shot Himself Dead.
Birmingham, Ala., Deo. 2.—Oliver B.
Heidt, president of the Heldt Lumber Com
pany, shot and killed himself to-day. Ha
was found dead on the ollloe floor with a
bullet iu his bead, but ten minutes after his
foreman had left him cleauing his pistol.
He had borrowed the weapon to take with
him on a trip to-morrow. The ooroner’s
jury brought in a verdict of accidental kill
ing. The firm is prosperous and bis do
mestic relations were happy.
Lee Mantle for the Senate.
New York, Deo. 2.—A special to the
Time* from Helena, Mont., Bays; “There
is excitement in political circles over the
announcement that the republicans aud
Daly democrats have combined to send Ijee
Mantle, the republican mayor of Butte, to
the United Htate Senate. The democratic
state central committee is working to frus
trate the scheme.”
A Double Murderer Lynohed.
Wheeling, W. Va., Deo. 2.—Word has
reached here from Keystone, W. Va., that
last Saturday night a negro uaoisd Corne
lius Coffee shot and killed two white men. He
was captured at Pocahontas on Nov. 28,
and was brought book to tbs scene of the
murders. The residents oaptursd him from
the officers aud riddled hiui with bullets.
A Murderess Pleads Guilty.
Philadelphia, Deo. 2.— Josephine Malli
aou, on trial tor the murder of her para
mour, Jouu Hobbs, withdrew her plea of
not guilty t- - lay and pleaded guilty to
murder in the second degree. The counsel
asked that sentence be deferred as tbs pris
oner was in no condition to receive it. The
court deferred sentence ter a week.
Pittsburg Crusade Suspended.
Pittsburg, Dec. 2.—Chief Brown of the
department of publio safety to-day revoked
the order.closing disreputable houses. This
action was taken because Mayor Gourley
had publicly said that the short notice given
by the police was “cruel, inhuman and
unjust.”
Claimed Napoleon As His Father.
Findlay, 0., Deo. 3. — There died at
the oounly infirmary, this morning, a man
named Paul Johnson, who has always de
clared he was an illegitimate son of Napo
leon, and was born in Paris in 1786. Whether
tils olaitn is true nr not, his resemblance to
Napoleon was striking.
An 8-Tlour Bill Defeated.
Frankfort, Ky., Deo. 2. —The bill de
fining what Is s * 'day” as applied to work
ingmen in factories, mines and workshops
in Kentuoky, and declaring that eight
hours shall constitute a day’s work between
employer aud employe, was defeated to
day by a vote of 50 to 20.
A Fund for Balfour.
London, Deo. 2. —The conservatives have
decided to raise h fund to reiisve Balfour of
the oosts incurred iu resisting the attempt
to unseat him as a member for East Man
chester. The coats were over £3,u00.
Lizzie i. or den Indicted.
Taunton, Mass., Dec. 2.— The grand
jury to-day indicted Lizzie Borden on two
counts for the murder of her father and
mother.
f DAILY, $lO A YEAR. )
■l 5 CENTS A COPY. ►
( WEEKLY $1 28 A YEAR. )
OHIO’S RIVAL FACTIONS.
THE SFIKRM AN-FORAKER ROW
BREAKS OUT AFRESH.
Secretary of State Taylor Causes ths
New Outbreak by Announcing That
He Will Retain Only Sherman Men
in Office—Secretary of the Treasury
Foster Sore on Shorman
W abhington, Dec. 2.—The Ohio repub
licans are a little more uncomfortable, if
possible, apparently than the republican*
elsewhere. Heoretary Foster, who certainly
understood Senator Sherman to intimate,
it not to promise, last winter, that if Secre
tary Foster and Gov. McKinley would help
him secure bis re-election to the Senate, he
would do all that be oould to promote
Gov. McKinley’s presidential aspirations and
would resign before the uext congress and
do what he oould to make Secretary Foster
his iucceiaor, limb it difficult to accept
Senator Sherman’s cavalier denials. Sec
retary Fo*ter believes that if it had not
been for the support which he gave per.
sonaliy, and whioh he induced the adminis
tration to give through all the federal offi
cers in Ohio, that Senator Sherman would
not have beeu able to overcome ex-Gov.
Foraker last winter, and he feels
something like exasperation at
what he deems Senator Sherman’s ingrati
tude.
m’kinley also bore.
Gov. MoKinley, who had special personal
reasons for regret in the result of the elec
tions, is also said to lie out with Senator
Sherman because he does not think Senator
Sherman did anything to help him get ths
nomination at Minneapolis. To-day word
comes from Columbus that the Sher
man-Foraker quarrel has b>n fanned into
new fierceness by tho action of Secretary
of State-elect Taylor, who, disregarding
the agreement reached at a conference ol
both factious, has announced that none but
Sherman men will be retained la bis office,
and that all the Foraker men will be re
placed with Sherman men os soon at hs
takes hold.
BAXLEY’S NEWS BUDGET,
A Marriage—The New Baptist Ohuroh.
Sea Island Ootton.
Baxley, Ga., Deo. 2.— Yesterday after
aoon H, M. Johnson, a prosperous
young merchant of this town, of the firm ol
Tillman Sc, Johnson, was married to Miss
Joels Tuten, a charming young lady of tbs
oounty.
The work on the new Baptist ohuroh is
progressing finely. The looatlou of the
building, modern plan of the structure and
first-class workmanship will add much to
the appearauos of the town.
Ths Methodists have also let the contract
for their now ohuroh, upon which work will
be begun at au early day.
Col. T. A. Parker this week killed a home
raised, piney-woods hug that weighed 413
pounds.
The sea island ootton whioh Is being
marketed here freely just now is bringing a
fine price. Thousands of dollars are put in
circulation weekly, whloh makes businesi
quite active aud both farmer aud merchant
happy.
Austin Moore of North Carolina is now
a citizen of our town. Ho lias bough)
a home and expects to move his family
by Jan. L
Reuben Weaver of Atlanta Is spending
some time here with his brother, Dr. J, L
Weaver, recuporatlng his health.
A BRAKEMAN KILLED.
Horribly Crushed Between an Engine
and Tender.
Macon, Ga., Deo. 2.—Columbus Harris,
a brakeman on the Central railroad, died a
horrible death to-day as the result of an
accident in the Central railroad yards this
morning. Harris was a brakeman on an
Atlanta bound freight train due to leave
the yards at 3:10 o’olook. The train pulled
out of the yards for the main track, but
something was wrong with the switches,
and Instead the heavy train was backed
down a steep grade. Engineer Wilson dis
covered his mistake too late to prevent a
collision with an engine standing on ths
track taken by his train, and a collision
ensued. Harris was thrown by the shock
and was caught between the tender and the
engine. His left leg and his body was badly
mutilated. He lived only a few hours.
FOUGHT ON THB STREET.
Brunswick Hebrews Indulge In •
Lively Bcrap.
Brunswick, Ga., Dec. 2.—lsaao Myers
and Benjaman Borohardt Indulged in a
street fight to-day that caused a stir. Bor*
ohardt knocked Myers down and beat him
severely in the face, Myers struok Bor
char.lt heavily and out bis band. Adolph,
son of Myers, jumped on Borohardt and
Borohardt’s father then tackled Adolph.
They were separated and Myers got
hit pistol and oauiedown the street. Several
polloemeu approached the two Myers for
bond whloh they gave, but Isaao bocame ex
cited and ordered the policeman out of his
store. Isaao Myers bears a local reputation
of being a dangerous man, while Borohardt
has come out first best lu several previous
fights. Both have nerve and more trouble
is expected.
A FUND FOB WATSON.
Five Hundred Dollars Raised at a Maas
Meeting at Thomson.
Augusta, Ga., Deo. 2.— A mass meeting
of third partyltes was held to-day at Thom
son, the home of Thomas E. Watson, tho
defeated candidate for oongresa from ths
Tenth district. About 1,500 negroee and
400 or 500 white* were present. No great
enthusiasm was manifested. A collection
to enable Mr. Watson to contest the election
of Maj. Black was taken up and about SSOO
was contributed.
A Death at Mldvllle.
Midvillb, Ga., Deo. 2.—Mrs. F. J. Hoi*
comb died yesterday afternoon at 3 o’olook.
She leaves a devoted husband and children.
She will be burled from the Baptist church
to-day at 1 o'clock.
Representative Meredith 111.
Washington, Deo. 2. Representative
Meredith of the Eighth Virginia district is
quite ill with erysipelas of the face. His
condition this evening is somewhat im
proved, and unless there Is an unfavorable
change his friends have no doubt of his re
covery.
A Youthful Demon.
Wheeling W. Va.. Dec. 2.— Louis
Hnger, aged 17, is under arrest oharged
with criminally assaulting six little girls.
He has confessed three of the cases,
A Big Fire at St. Louie.
St. Louie, Mo., Dec. 2.—A terrible fire is
raging at Dock and Commercial streets, in
North St. Louis. A general alarm has been
sounded.
