Newspaper Page Text
THE MORNING NEWS.
Established 1850. - - Incorporated 18S8.
J. H. ESTILL, President.
PLANS OF INDEMNITY
STATE DEPARTMENT FAVORS ENG
LISH PROJECT.
let china issue bonds.
GIVE each nation face value of
ITS CLAIM.
Then Let nn International Hoard
Collect All tlie Income Wlilcli Chi
na n Stand Without Ruining;
the Country and Divide It Among
the Ponrrs in Proportion to Their
Holdings—Would Guarantee Chi
na'* Integrity—The Ru.*inn Pro
posal Not Favored.
Washington, May 21.—The State Depart
ment has been made fully acquainted by
Mr. Rockhill with the character of the
proposition relative to the floating of the
indemnity loan unfolded at Pekin. While
grave objections are perceived at the Rus
sian project for a joint guarantee of the
loan, because of the immense difficulty of
securing the assent of Congress to an
agreement which would entangle the
United States with foreign nations for
more than a quarter of a century at least,
there is nothing in Mr. RockhiU's instruc
tions that would antagonize the English
preposition, provided it is fully developed
so as to secure the safety of the loan,
while assuring the integrity of China. It
is suggested that the objects can best be
secured by causing China to deliver to
each nation bonds bearing 4 per cent, in
terest, to the face value of that nation’s
indemnity claim.
The claim for the collection and dis
tribution of interest contains the germ of
the guarantee of Chinese integrity. It
is proposed that an international board
of financiers collect periodically from Chi
na, the amount of income which, the min
isters at Pekin have decided can be ex
tracted without ruining the country. Thi3
money to be divided up between the pow
ers in the shape of interest in exact pro
portion to the bonds held by them. In
case of default by China, each nation will
lose in proportion, and a special conven
tion will bind each Power to refrain from
individual action against China to se
cure the payment of arrears, or to seize
territory in lieu of interest in default.
It is calculated that thus each Power will
find to its interest to prevent a division
of China.
BRITAIN’S POSITION STATED.
Wants Nothing to Do With Joint
Guarantee of China's Indemnity.
London. May 21.—The government was
questioned in the House of Commons to
day on the subject of the British tug Ewo
incident at Tien Tsim Lord Cranborne. in
reply, said Field Marshal von WaJdersee
had expressed his regret and had promised
to take measures to prevent the recur
rence of similar incidents.
Lord Cranborne proceeded to make a
general statement on the China question,
saying the government was unalterably
opposed to raising the import duties of
lb per cent, as security for the payment
of the indemnity. In regard to the pro
posal that the indemnity be defrayed by
a loan guaranteed by a concert of the
Powers, if such e loan was guaranteed,
it would have to be by the Joint force of
all the Powers. The objection to a Joint
guarantee, however, was so obvious that
the government would have nothing to
do with it.
HELD FOR AYRES’ MURDER.
Coroner’ll Jury Renders Verdict
Against Mrs. Honine.
Washington, May 21.—The coroner's
jury which has been investigating the
murder of James S. Ayres, the young
census office clerk, at the Hotel Kenmore
last Wedensday morning, to-day brought
in the following verdict:
"James Seymour Ayres came to his
death Wednesday, May 15, 1901, about the
hour of 2 o'clock, a. m., at the Hotel
Kenmore from a pistol wound of the
chest. Furthermore, that said shot was
fired during a fatal conflict between said
James Sevmour Ayres and Lola Hemri
Konine. We, the coroner’s jury, hold Lola
H. mri Bonine for the grand jury.”
The typewritten copy of her confession
v - taken to Mrs. Bonine to-day for the
Purpose of having her swear to it. But
uhe positively refused to make thd desired
affidavit.
Viter the coroner's jury had rendered
the verdict Mrs. Bonine was removed to
'he city jail.
forged MAC ARTHUR'S NAME.
Ki-Prlvatc Lawrence Was Too Free
With His Pen.
Manila, May 21.—E. C. Lawrence, for-
F" tjy a private in the Thirty-third Vol
uut >e r infantry, and afterwards employ
c ! ns a civilian clerk in the adjutant gen
'•' office at Manila, has been accused
' ■ forging the signature of Capt. Slovene.
insular disbursing officer, to certain
' hs purporting to be payable to CJcn.
*i i< Arthur. On the backs of the checks
r; Indorsements of Gen. Mac
thnr to Gen. Shatter and to E. C. Law
,r p. Two of these checks of S2OO each
cashed at San Francisco, but
unot,.e r negotiated at St. Louis has been
urned to Manila and pronounced spurl
's, ; v Capt. Slavens. Lawrence is sus
* _ e.i 0 f o the r forgeries.
_ ‘ * commission has prepared a bill to
‘ new weather bureau. This bill
ally continues and subsidises the
' ' 'it Jesuit observatory in Manila.
V *' *s■ CANDIDATES PASS.
* ' n, bcr of Southern Boys Get Into
Annapolis.
At.napollg, Md.. Hay 21.-The following
* 'iitional candidates for admission to the
■ ' al Academy have passed their mental
aM physical examinations: T. O. F. Cald
/U and W. o. Spears of Tennessee. H.
aih of Bou,h Carolina. L. P. Davis
'P hn N. Ferguson of North Carolina
tk . A J * ck9on of Virginia.
_ Jr r 5 who failed In some of the
tii-.n ' hranches passed on re-examlna
tt - cordon W. Haines of Georgia. Isaac
tV m Hayns of South Carolina, Albert
7v,*!!? T * n<l Jokn C. Sweeney. Jr., of
Jlatemnab Morning
SEABOARD TRAIN WRECKED.
Southern Trestle Washed Out and
Doth Hoads Blocked.
Columbia, S. C., May 21.—News reached
here to-night of the wreck in a washout
of the Seaboard Air Line vestibuled
southbound train, near North. The en
gineer was buried under the engine.
Officials will give no information. It is
known that the wreck blocks the track.
The Southern agreed to take the Seaboard
train into Columbia via Fairfax, but a
big trestle on that road was washed out
to-night. So both the main lines of this
road between Columbia and Florida are
disabled.
THE PUZZLING CHALLENGER.
Yesterday's Hace Hns Every Appear
ance of Jockeying.
Ryde, Isle of Wight, May 21.—The trial
of the Shamrock II and the Shamrock I
to-day was in many respects the most
puzzling that has yet taken place. In
stead of throwing aditional light upon
the abilities of the challenger, to-day's
race makes it more difficult" than ever
to estimate her speed.
For the flrst five miles of the official
course the new yacht did equally well,
opening out on every hoard, and then
suddenly falling off, instead of gaining.
The old boat turned the weather mark
nearly three minutes a head and went off
down the wind at a great pace. When
they finished the times were: Shamrock
I, 2 hours, 6 minutes and 12 seconds;
Shamrock 11, 2 hours 11 minues and 19
seconds.
The opinion of most of the experts who
witnessed the race was that had it been
desired that the Shamrock II should win,
she could easily have done so.
THE Cl’P DEFENDER AT WORK.
The Constitution Goes Throngh Her
First Paces Nicely.
Bristol, R. 1., May 21.—Up and down
Narragansett bay to-night the cup de
fender Constitution was put through her
flrst paces and acquitted herself, as Mr.
Duncan, her manager, said, most satis
factorily. Every point of sailing was
tried, and at no time did she act listless
or show any lack ol speed.
. A critical analysis of the boat is that
she is well-balanced and well-rigged, but
her sails need improvement. As to her
speed, it is too early to draw any con
clusion.
GOMEZ GOES BACKWARD.
Retnrn* to the Old Anti-American
Committee Report.
Havana. May 21.—At to-day's session
of the Cuban Constitutional Convention
Scnores Gualberto, Gomez and Silva with
drew the minority report of thei Commit
tee on Relations and substituted for it
the old) majority report of the committee,
which was drawn up before the commis
sion went to Washington, and was signed
by Senores Gualberto, Gomez, Silva and
Villuendas, but which was never acted
upon by the convention because it was
a rejection of the Platt amendment, par
ticularly in respect of the right of in
tervention and the coaling stations.
This action of Senor Gomez is attrib
uted to the bitter attack made upon him
yesterday by the radicals for having ac
cepted portions of the Platt amendment.
The convention adjourned without com.
ing to a vote.
BUTTACAVOLLO FOUND GUILTY.
Inhuninn Fntlier Who Bnrled His
Own Child by His Niece.
New York, May 21.—Glovanno Buitaca
vollo was placed on trial to-day at White
Plains for having buried a baby, of which
he is the reputed father, at Hastings, sev
eral weeks ago. The Indictment charged
attempted murder. The young woman who
was the mother of the child repeated the
confession she made some time ago. All
the blame was placed on her uncle, the
prisoner, who. she said, was the father
of the child. Her tears alone, she said,
prevented the man from splitting the
child's head open with a hatchet.
Buttacavollo was the only witness in
his own behalf. He set up a general de
nial, but went to pieces on cross-examina
tion. The jury promptly found the pris
oner guilty and Judge Lent sentenced him
to nine years and ten months in the’state
prison.
ESTHER HAS DIPHTHERIA.
Air. Cleveland Returns to Be With
His Little Daughter.
Princeton, N. J., May 21.—Ex-President
Grover Cleveland arrived here to-day from
a fishing trip to Middle Bass Island, near
Ohio. He returend on account of the Ill
ness of his daughter, Esther, who has
diphtheria. The physician In attendance
at the Cleveland home reports no change
In Esther's condition. He said he could
not predict how soon she would be better,
but is expecting an Improvement every
hour.
ADMIRAL SCHLEY ARRIVES.
Spent Two Honrs With Ills Son, Who
Is Now Out of Dancer.
New York. May 21.—Rear Admiral W. S.
Schley arrived here to-day on the Kaiser
Wilhelm der Grasse, having hurried across
the ocean on receipt of news that his son.
Dr. Winflekl Scott Schley, was Hi. Dr.
Schley, who has been suffering from blood
poison at St. Luke's Hospital, was re
ported to-day to be out of danger.
Admiral Schley at once visited his son,
remaining with him two hours.
POSTAL OFFICIALS LEAVE.
Deportment Orders Its Men Awny
From China.
Washington. May 21.—The Postoffice De
partment to-day cabled instructions to
China, directing all Its representatives in
the military postal service there to leave
or, the first available transport. H. M.
Robinson of Atlanta, superintendent of
the service there, has been assigned to
duty in the Philippines. This marks the
close of i he military postal service in
China. _
Fearful .Avalanche In Italy.
Milan. May 21—The village of Aurenaa
has been partially destroyed by en ava
lanche. The number of fetelltles are not
yet known, but already fifteen corpses
have been recovered. -
SAVANNAH, GA., WEDNESDAY, MAY 22, 1901.
DON’T WANTTO UNITE
SOUTHERN CHURCH PREFERS TO
REMAIN SEPARATE.
COLLEGE CONSOLIDATION.
TOPIC CAUSES WARM DISCUSSION
AT LITTLE ROCK.
Plan to Consolidate Louisville Theo
logical Seminary, Southern, and
Danville Theological Seminary,
Northern, Meets With Much Oppo
sition—The Adverse Majority Re
port Contend* That the Basis of
Union Proposed Would Lead to Or
ganic Union Between the Northern
nnd Southern Churches.
Little Rock, Ark., May 21.—1n the
Southern Presbyterian General Assembly
to-day there was much oratory on the
question of consolidating the Louisville
Theological Seminary, Southern, and the
Danville Theological Seminary. Northern,
Opponents of consolidation maintained
that it was either a movement into the
Northern church or would cause friction.
Advocates of consolidation argued that
the two churches were under the same
standards. Final action was not taken
to-day, the matter going over until 10
o’clock to-morrow morning. A majority
report, adverse to consolidation, was pre
sented by Rev. S. E. Morris of Macon,
Ga., and the contrary minority report was
submitted by Col. Thomas W. Bullitt of
Louisville, Ky. The majority contended
that the basis upon which it was pro
posed to unite the two seminaries natural
ly and logically leads to organic union
between the Northern and Southern
churches and that it would exclude the
teaching of the Southern church's distinc
tive principles.
Dr. Morris addressed the assembly at
length and argued that consolidation
would cause entanglements in the South
ern church.
Col. Bullitt spoke over two hours in
advocacy of giving the general assembly’s
consent to consolidation. Dr. T. C. John
son of Richmond, Va., followed in an ex
tended argument against consolidation
and the tendency to organic union.
A Katlier Strained View.
At the moring session a motion to ac
cept the invitation of Omer R. Weaver
Camp, Ulted Confederate Veterans, to at
tend Confederate decoration exercises
Thursday brought forth a storm of oppo
sition on the ground that the position of
the church for forty years had been to
refrain from commingling church and po
litical affqirs. The motion was finally
amended so as to express profound sym
pathy with the occasion and to regret
that lack of time preculded attendance
by the commissioners at the exercises.
In this shape the motion prevailed. The
Committee on Christian Education rec
ommended that Rev. R. C. Reed of Co
lumbia, S. C., be made chairman of the
Committee on the Twentieth Century
Fund and the recommendation was rati
fied by the assembly.
To-night a foreign missionary meeting
was held by the assembly.
PISHING PRESBYTERIANS.
Cumberland Assembly Take* Deci
sive Action on Several Matters.
West Point. Miss., May 21.—1n the Cum
berland Presbyterian General Assembly
to-day the Committee on Overtures pro
posed the appointment of a practically
new board of managers and gave the
board liberty to locate the Cumberland
Presbyterian Orphans Home and Indus
trial School at pleasure, but urging ear
ly location.
The Permanent Committee on System
atic Beneficence was abolished and its
work committed to the Board of Mis
sions. An elaborate report on publication
elicited prolonged and favorable discus
sion. The publishing work Is in the best
condition in its history. The publication
of a theologcail periodical Is advised. The
membership of the Board of Publication
was reduced from 12 to 9.
The St. Louis office of the Cumberland
Presbyterian was commended and con
tinued. The Immediate employment of a
general Sunday-school superintendent is
advised, the church being asked for $5,-
000 to meet all the expenses of the Sun
day-school Board. The Sunday-school
Committee's report is full of aggressive
suggestions, this department of the
church’s work being in a condition most
encouraging.
The Divorce Question Settled.
This was a busy day. Important re
ports on education, publication, Sunday
school and Judiciary were disposed of
rapidly. This afternon the marriage and
divorce question raised on Saturday was
settled by striking out the requirement
that ministers officiating In the marriage
of unscripturally dvorced persons, to
gether with the parties themselves be
disciplined.
Owensboro Presbytery (Kentucky) was
reprimanded for ordaining to the ministry
a man lacking the prescribed educational
qualifications.
ENTHI SIA STM PRESBYTERIAN*.
National Anthem and Home Mission
Talk Arouses Them.
Philadelphia, May 21.—The commission
ers to the Presbyterian General Assem
bly to-day gave vent to a spontaneous
burst of patriotic enthusiasm which found
voice in the hearty rendition of a nation
.al anthem. It was a fitting conclusion
to a masterly address delivered by Rev.
Dr. Charles O. Thompson, secretary of
the home mission board. The report of
the Committee on Home Missions had
been read and Dr. Thompson arose to
moke the usual appeal for aid, which d
ve.oped into an oration and aroused the,
assembly to the highest pitch of enthu
siasm.
The report urged Congress to act on the
anti-polygamy amendment to the consti
tution before the Mormons secure the bal
ance of political power In any additional
states.
A telegram of greeting was forwarded to
the Cumberland Presbyterian General As
sembly at West Point, Mlsa.
1 ♦ ■' '
CAPT. AI ATTN R. I> AVIS.
Remains ot Hrsxc Georgia Boy to Be
Interred at Arlington.
Washington, May 21.— The remain# of
Capt. Austin R. Davla, U •. M C.. of
Georgia, who was killed In the battle of
TUn Tsln, July 1, 1900, have been forward
ed to Washington for burial at Arlington.
MACHINISTS ARE WINNING.
Over 1 (K> Firms Said to Have Signed
Agreement Yesterday.
Washington, May 21.—President O’Con
nell said to-night that the advices re
ceived up to 6 o’clock at headquarters
heTo indicate that an early settlement
of the trouble between the machinists and
employes will be effected. Information
at hand showed that during the day over
120 firms had settled by graining the nine
hour dgy. Mr. O’Connell said that so far
as he knew about 6,000 men are out In
San Francisco, and 1 about 3,000 in Cincin
nati. In Chicago nearly all the import
ant shops have settled with the men. The
reports from the South, he said, show
that ail through that section settlements
are being affected. All the Norfolk firms
have signed. Half the firms in Phila
delphia, he said, have come to terms and
the others are expected' to follow suit.
There has been no news of ’a clash any
where.
mrs. McKinley convalescing.
Was Able to Sit Up Yesterday and
Head the Papers.
San Francisco. May 21.—The conva
lescence of Mrs. McKinley is very rapid,
and she is fast regaining her normal
strength. She was able to sit up to-day
and read the papers. So marked is her
improvement that it Is very probable the
presidential party will start for Wash
ington next Saturday. If no untoward de
velopments should occur it is thought
Mrs. McKinley will be able to endure
the journey by thdt time.
REVIEWED SCHOOL CHILDREN.
President Enjoys an I niqne and
Pleasing Reception.
San Francisco, May 21.—President Mc-
Kinley reviewed the school children of
San Francisco on Van Ness avenue this
morning. Thousands of children, bear
ing bouquets and flags and streamers of
national colors, lined up on both sides
of the avenue and enthusiastically cheered
the President as he drove between the
long lines. The President was accompa
nied by the cabinet, congressmen and
many others. Flowers were thrown at
the carriages at frequent intervals by the
children. President McKinley expressed
great pleasure at the reception.
The President addressed the children
from his carriage and afterward went to
the Presidio to visit the camps.
DYNAMITED A BANK.
Believed to Have Ileen an Attempt
at Robbery in Daylight.
Cambridge, Mass., May 21.—What the
police believe was a daring attempt to
rob the Cambridgeport National Bank of
this city by the use of dynamite in broad
daylight, was revealed to-day by an ex
plosion in the bank which blew out the
side of the office, damaged other parts
of the building, and In which Cashier
William F. Road sustained a had wound
on the head.
If the explosion was a part of a plot
to rob the bank, the plan failed as far
as booty was concerned, for nothing of
value was taken from the place. The
shock of the explosion was felt for sev
eral blocks, but do damage was done
outside of the bank building.
ROM A POLITICIAN.
Will Put Pointed Question to For
eign Ministers Shortly.
Paris, May 21.—Count Boni de Castel
lane, who has barely recovered from his
Illness, announces his intention to raise
an important question in the Chamber of
Deputies. He wrote to M. Delcasse, the
Foreign Minister, to-day, asking him to
fix a day for an interpellation on the re
cent events at Metz, which immediately
followed M. Deleasse's visit to St. Peters
burg. Count Boni alludes to the presence
of the Russian ambassador at Emperor
William's review at Meta In honor of the
Czar's birthday, which has made a dis
agreeable Impression in France.
A CYCLONE ON THE CATAWBA.
Mnny Honsea HI own Down nnd Mncli
Damage to Fnrmi.
Charlotte, N. C., May 21.—A cyclone
struck Fort Mill, S. C., at 6 'o'clock this
morning, and going up the Catawba river,
extended to Mountain Island. The office
building of the Charlotte Brick Company
at Fort Mill was blown away leaving
nothing hut the ground floor, on which
rested th>e safe. Many small houses were
blown down, but no lives were lost. At
Mountain Island three houses were blown
down, Including the residence of James
Van Pelt. There was great destruction
of timber and much damage to farms.
THE IIIISII DID NOT VOTE.
Liberal Motion In House Defeated hy
Large Majority.
London, May 21.—The House of Com
mons to-day by 300 to 123 vote*, rejected
the motion of Sir Henry Fowler, Liberal,
who was supported by the Liberal lead
ers, disapproving the budget proposals.
Mr. Balfour, the government leader, an.
nouneed that the government would re
gard the adoption of the motion as a vote
of non-confidence. The Irish abstained
from voting.
THE MYSTERIOUS WOMAN.
Hrr Statement Thrown Little Light
on Father Phillips' Death.
New York, May 22.—The mysterious wo
man, who was said to have been known
as Mrs. Klrke Stanley and to have fig
ured In the Father Phillips ease, was at
the office of Coroner Rausch to-day, and
made a long statement under oath. Later
Coroner Bausch eald that after question
ing the woman clpsely he was of the
opinion that she knew nothing of the
death of Father Phillip* and could be of
no use in the Inquest.
WOMAN'S BUDDING OPENED.
A Public Reception to Mrs. Roose
velt the Feature.
Buffalo, N. Y., May 21.—The formal
opening of the womtn's building occurred
to-day. All day long the handsome struc
ture waa visited by a throng of visitors,
who admired the tasty arrangement and
rich furnishings The opening was sig
nalized by a public reception to Mrs.
Theodore Roosevelt, wife of Vies Pres
ident Roosevelt.
WILL FINANCE MILLS
OBJECT OF CHARLOTTE'S NEW
COMMISSION COMPANY.
DO AWAY WITH MIDDLE MEN.
ENABLE MANIFACTI RERS TO DEAL
ON CASH BASIS.
The Charlotte Company Backed by
a New York Company With IjlO,-
OOO.INMt C apital and'Will Have It*
Own Selling Agent—Will Elimi
nate Speculation, It Is Claimed,
nnd Enable the Manufacturer to
Know to Whom He Sells nnd lor
Whut Price.
Charlotte, N. C.. May 21.—Dr. John H.
McAden. president of the Cotton Manu
facturers Commission Company, of this
city, recently organized, tells the Observ
er that the contracts for the financing of
his company have been drawn up and
signed.
“Within ten days,” he says, "our com
pany will be ready to do a selling agency
business."
Speaking of the details of the scheme,
he says:
“The Manufacturers Commercial Com
pany will cash all sales that come tnrough
our company. Our New York company is
backed by two New York trust companies
and a capital amounting to $10,000,000. To
illustrate our operation. A mill man here
will sell his yarns to a party in New
York or Philadelphia. He will send one
bill of goods to the purchaser and a du
plicate bill of lading will be given to us.
We indorse It; send to the Manufacturers'
Commercial Company and it will cash the
sale on the day the Invoice Is received.
In other words we will do a spot cash
business, and the money resulting from
the sale will be placed to the credit of
the seller either In 'New York or in any
local bank. Under our system he will
have the advantage of knowing to whom
he sells and the price actually received
for his goods. All speculation will be
necessarily eliminated. Under the present
system as we sell to Northern commis
sion men, we never know to whom our
production goes, or what it sells at; and
we do know that there is much specula
tion and that we are hurt by it.
"We will make a success of our busi
ness,” continued Dr. McAden. The com
mission men charge 5 and 5% per cent for
commission. We will never charge over
4 per cent.”
The Contracts Closed.
The business was adjusted to-day by
George D. Mumford. of New York, attor
ney for the Manufacturers’ Commercial
Company, and Burwell, Walker & Cansler,
for the home company.
General Manager George B. Hiss said:
“Our company has just made two con
tracts to-day. One ts with the Manu
facturers' Commercial Company, by which
they will finance our company. The agree
ment is that we handle cotton business
for the Commercial Company south of the
Potomac and east of the Mlsstsslpl river.
In this territory we will handle yarns,
cloths, hosiery, and every other kind of
cotton manufactured goods and the Com
mercial Company will do the selling and
guaranteeing.
‘The other contract Is with the com
mission house of James Freeman Brown
Company of New York City- They will
act aa our exclusive selling agency, and
they will have branch agencies in Bos
ton, Philadelphia, Albany and in other
places. We sell through one house to
prevent a duplication of orders to sell.
Our general plan In organizing Is origi
nal, though the plan for selling direct
to customers is not new. It is done suc
cessfully by the wool manufacturers and
I understand that the hardware manufac
turers are now selling direct.
"Neither the commercial company nor
the Freeman Brown Company owns stock
In our company, which is Independent, and
Is owned entirely by Southern people. We
offer no stock for sale.
"We wish It understood that our com
pany has no connection whatever with
the Southern Cotton Spinners’ Associa
tion."
PETTIGREW DENIES REPORT.
Has Not Been Ollereil Presidency of
Northern Pacific.
Sioux Falls, 8. D., May 21.—1n an In
terview In the Sioux Falls Press, which
will appear to-morrow morning, ex-Ben
%tor Pettigrew denies that he has been
offered the presidency of the Northern
Pacific or Any other road. He says no
such position will be offered to him, and
that he will not accept an offer If made.
Mr. Pettigrew says he will devote the
rest of his days to the building up of
his own state, and wilt continue to advo
cate the political Idea* held by him dur
ing the last session of the Senate.
TO MIT DISTILLERY STOCK.
Application Made for Privilege to
New Yurk Stock Exchange.
New York. May 21.—Directors of the
Distilling Company of America met to
day and voted to make application to the
New York Stock Exchange to list the
stock of the corporation. The company
has $31,250,000 of 7 per cent, preferred stock
and $40,202,000 of common stock, and $1,000,-
000 of bonds outstanding.
A Chicago llroker Falls.
Chicago, May 21.—The failure of J. H.
Murphy was announced on the Chicago
Stock Exchange this afternoon. Murphy
has been In the brokerage business for
several years, but the amount Involved
1* said to be zmall.
Tobacco Dealer a Suicide.
Lexington. Ky , May 21— Horace W.
Means of this elty, one of the best known
tobacco dealers In Central Kentucky,
committed suicide to-day. Despondency
on account of 111 health was the cause.
Russian Officers Sentenced,
Yokohama. May 21.—Thraa Russian ©Bl
ears have bean santenoed. in default, to
six months' Imprisonment for mapping
Nagasaki harbor to the vkUdty of the
JOfUAcations. - ——
HAZING STILL CONTINUES.
Several CadetM Dlumt fop Viola
tion!* of the Hulen.
Washinglon, May 21. —Secretary Hoot
has approved the action of the board of
officers at West Point, which recommend
ed the dismissal of five cadets and the
suspensiin of six others. This sustains
the course of Col. Mills, and the other
officers in the recent disturbances at the
Academy.
The names of the cadets dismissed and
suspended will be announced at the Mili
tary Academy ei noon to-morrow.
It is said that the cadets had been guilty
of acts which would not be serious in an
other college, but owing to the fact that
these young men were educated by the
government institution, to learn obedience,
and to learn how to command men them
selves, it was necessary for them to be
under a somewhat more rigid discipline.
The trouble grew out of attempt* to sup
press hazing. Although promises of the
suppression of hazing have been made,
‘‘bracing" still has been carried on against
the orders of the official*. Class officers
have failed to report cases of bracing.
There a.so is the case of Cadet Ralston,
who was reduced for not reporting mis
behavior at the mess table. These claara
officers were reduced, and some minor
punishment inflicted. The mutiny or in
*ui>ord'ination grew out of the resentment
of the second class men, who have been
at the academy three years,
at the.se punishments inflicted by the
academy officials. It took the form of
such offenses toward the superintendent
as training the gun upon his quarters and
in other acts of which the academy offi
cers could not but take notice. This te
suited In the trials and sentences to dis
missal approved by the Secretary of War
to-day.
There are two other courtmartlal cases
in the academy pending in the dej>artment
where cadets have been sentenced to dis
missal. There Is a rule at the academy
that a cadet invited out to dinner can be
excused and leave the iost. Two cadets
invited each other to dinner and made
this their excuse for absence. Their ruse
was discovered.
A FLOODTTaSHEVILLE.
Mr. Vanderbilt's Idenl Village nf
Hil tin ore Greatly l)a lunged.
Charlotte, N. C., May 21.—A special to
the Observer from Asheville says;
The heaviest and most dasastrous rain
fell to-day in Asheville and the surround
ing country that has visited this vicinity
in years. Bottom land Is ruined and hill
sdes are yawning gulches. Bridges are
gone and many roads are impassable.
The water is up to the floors in many
dwellings and has reached the fire in the,
electric light plant. The city la In dark
ness. The waters of the French Broad
and Swanannoa rivers have reached the
highest point on record. The water is a
foot deep in the ice factory and flour
mills.
At Biltmore the Southern Railway
tracks were washed out of place and
twisted into all sorts of shapes.
Hundreds of Asheville people have flock
ed to Biltmore to-day to see the damage
done to the Ideal village of Mr. Vander
bilt. When the millionaire and his ad
visers planned the town an Insignificant
creek wag not' taken into account. To
day this stream did surprising damage.
One row of cottages was flooded and the
people forced to move their belongings to
the upper floors. Some beautifully pved
streets were covered with rubbish. Small
trestles at Biltmore and on the main
lines of the Southern and Spartanburg
and Atihevllle roads were washed away,
and no train will be operated on either
line before to-morrow.
EDISON’S LATEST INVENTION.
A Netv Storage Buttery That la Said
to Excel All Others.
New York. May 21.—At the annual meet
ing of the American Institute of Electri
cal Engineers held here to-night, Arthur
Kennedy, ex-presldent of the Institute,
read a technical paper on anew storage
battery Invented and perfected by Thomas
A. Edison.
From thl* report and from the discus
sion thereon by the members of the in
stitute, which followed, It would seem
that the new invention , if of
great interest, scientifically, me
chanically and chemically. It has,
as yet, not been applied to
commercial use. According to Dr. Ken
nelly's report, Edison claims that
weight for weight, size and cost being
equal, the new storage battery will do
about two and one-half times as much
work as the present battery of commerce.
As an Illustration it Is claimed that where
an automobile will run flf|y miles with
the new Edison batteries the same vehicle
will run about 126 miles. The fact that
the cell and plates of this new battery
are made of steel is a departure long
sought after.
GOV. ALLEN'S FIRST HKPORT.
Terltorlal Government Not Suitable
to Porto Rico.
Washington, May 21.—Gov. Charles H.
Allen of Porto Rico, has presented to the
President, through the Slate Department,
his first annual report. The Governor ex
presses the opinion that a scheme of colo
nial administration, such as Is followed
In the French, Danish and English West
Indies, might be safely Instituted, with
variations dependent upon the future pol
icy of the home government. The Gover
nor refers to the many suggestions of
fered that the form of territorial govern
ment adopted In the United States be ap
plied In Porto Rico, but points out that
a standard form of eueh government,
while useful In the United Stntes, would
not apply successfully to this Island pos
session.
UNION PACIFIC’S BIG PLANS.
Wants to List g 100,000,000 New 4 Per
:ent. Roods.
New York, May 21.—An application of
the Union Pacific Railway to the Stock
Exchange has been posted at the Ex
change to list $100,000,000 first mortgage
collateral trust convertible 4 per cent,
bonds. This is the total amount of these
bonds authorized by the company, includ
ing the $40,000,000 already sold to finance
the Southern Pacific purchase. The ap.
plication posted does not mention the col
lateral for th# bonds or the purpose of
the $00,000,000 bonds, which have not vet
been Issued, and which It has been ru
mored were Intended to finance the pur
chase of Northern Pacific stocks.
DAILY. $8 A YEAR.
5 CENTS A COPY.
WEEKLY 2-TTMES-A-WEEK.iI A YEAR
WILL BUILD SHIPS
AXGrLO-AMEKICAX DF3AIj ABOUT
PERFECTED.
CRAMP-VICKERS- BETHLEHEM.
ENGLISH COMPANY BIYS OUT THE
AMERICANS.
The Completion of file Combine Will
Shortly Be Anno,meed—Abont $15,.
000,000 In Cush Required to Bay
Out the Bethlehem Works—Tlio
Cramps Have the Option of Tak
ing Cash for Their Stock or Ex
ohanutntt: for Shores In the New
t 'oneern.
Philadelphia, May 21.—The Press to
morrow will say:
There is little doubt that the last ob
stacles in the way of the Cramp-Vlckers-
Bethlehem combination have been remov
ed and that the official announcement of
the completion of the arrangement is
now a question of a few hours only.
It was announced yesterday on what
appears to be the best authority that the
Vickprs company has obtained an option
on the Bethlehem Steel Company at a
price bordering on 23. The option is also
said to include the Bethlehem Iron Com
pany stork at about the present market
price of 63.
In order to complete the transaction the
New York syndicate, which is to under
write the present combination, has been
compelled to raise about $15,000,000 in ac
tual cash, as it is entirely a money trans
action, and fully that much will be re
quired to purchase the two Bethlehem
companies stock. It will take $7,000,000
to buy the Bethlehem steel stock.
Negotiations have been on for several
weeks, and it has been within the last
few days that satisfactory arrangement*
were made with the Bethlehem Interest*.
One block, representing 90,000 shares of
stock, was In charge of two prominent
Philadelphia financiers, whose agreement
to a price yesterday is said to have per
fected the arrangement.
Stockholders of the Cramp Company
will, it is said, have the option of taking
cash or exchanging their holdings, share
for share, for a 7 per cent, preferred stock
in the new company. There is $5,000,000
worth of Cramp stock and $15,000,000 cash
will be necessary to buy out Bethlehem.
Enough stock will be sold to provide
at least $5,000,000 working capital and the
new bond issue will likely not exceed $6,-
000.000.
. —■ •• i
SELECTED NEWSPAPER MEN.
Gov. Odell Names Two aa Coinmls
nilssloners to Charleston's Exposi
tion.
Albany, N. Y., May 21.—Gov. Odell to
day honored the newspaper profession by
selecting two of Its members to be com
missioners to the Charleston Expostlon
to be held In December. One of the men
selected Is Hon. St. Clair McKelway of
Brooklyn and the other George E. Gra
ham of the Albany Bureau of the Assol
clated Press. The other commissioners
are Hon. John T. Mott of Oswego, Wil
liam Gorham Rice of Albany. S. Christy
Mead and Simon Hess of New York and
Harrison L. Beatty of Bainbrldge.
INSPECTED VIC KSBURG PARK.
National Park Commissioners Visit
Historic Ground.
Vicksburg, Miss., May 21.—John G.
Schofield, chief clerk, War Department;
Gen. H. V. Boynton, chairman Chicka
rriauga Park Commission; Col. John P.
Nicholson, chairman Gettysburg Park
Commission; Col. C. C. Cadle, chairman
Shiloh Park Commission; Col. Frank
Smith, secretary, Chickamauga Commis
sion, spent
companied by Gen. Stephen D. Lee, chair
man, and the members of the Vicksburg
Park Commission made a thorough In
spection of the military park here. To
night the visitors were banquetted and
left for Chickamauga and Washington.
RAILROADS W ASHED OUT.
Unprecedented Rainfalls In Upper
East Tennessee.
Knoxville, Tenn., May 21.—An unprece
dented rain has fallen in Upper * East
Tennessee, sweeping away bridges and
washing out track of railroads. Trains
from North Carolina are blocked. Trains
from Chattanooga are also delayed by
washouts at Athens.
The last reports at 6 p. m. from points
north and east of Knoxville state that
the streams ere swollen above anything
ever known. All telephone and telegraph
communication In that direction are now
broken and the wires are down.
ORDER OF THE GOLDEN CROSS.
Twenty-fifth Annual Meeting In Ses
sion at Knoxville.
Knoxville, Tenn., May 21.—The Supreme
Comtrvandery of tho United Order of tha
Golden Cross met In twenty-fifth annual
session to-day In Knoxville, with repre
sentatives from all parts of the country.
Supreme Commander F. I. Day of Lewis
ton, Me., called the meeting to order this
afternoon. Reports of officers were given
In The treasurer's report showed $581,-
629.81 paid out In benefits during the
year.
DH. W. 11. THOMAS DEAD
Held Chair of Psychology of Rich
mond, Va„ College.
Baltimore, May 21.—Dr. William D.
Thomas of the chair of psychology of
Richmond (Va.) College, died In thla city
to-day from a stroke of apoplexy. H*
came her a month ago to undergo a surgi
cal operation, which, aparently, was suc
cessful. Dr. Thomas had long been Iden
tified with the advanced education of tha
South.
< lilcago Gels Olympian Games.
Parts. May 21.-The committee having
In charge the quadrennial Olympian
games, at Its meeting at the Automobile
Club to-day. selected Chicago as the place
for holding tha contests In 1904.
Gen. Fits John Porter Dead.
New York, May 21 —Oen. FUajohn Por
ter died at his home In Morristown, N J.,
to-day from chronic diabetes. He waa N
gears old. k