THE OMAHA i DAILY BEE a * -

A '

ESTABLISHED JUNE 19, 1871. OMAHA , THURSDAY MOANING , JULY 6 , 1893."

"s. SINGLE COPY FIVE CENTS.

RAINEY IS NOW RECEIVER

|K" American Savings Bank Goes Into Volun-

tary¬

Liquidation.

ALL THE RESULT OF A TEXAS "STEER"-

Dnnk 1'xnmlnor Rpraks or tlio Solidify of-

Bccurltlcs Division of BcntlmcntAmong Stockholders About

tlio Stop.

The American Savings bank , doing busi-ness

¬

nt the corner of Seventeenth andFnrnam , has gone Into voluntary liquida-tion

¬

, and has asked the State Bunking Boardto wind up Its affairs.

State Bank Examiner C. F. McCrow wascalled in after the close of business ycstcr-tiny afternoon , and the situation was laidbefore him , after which the request of theofficers aud directors was made , and the ex-

aminer¬

left , for Lincoln to lay the matterbefore the board , saying that ho would re-

turn¬

in the morning with the decision of theslate officials who are members of thatboard.

This action on the part of the directors ofthe savings bank la duo to the failureof' the Aiierlcan Loan and Trustcompany , which was yesterday after-noon

¬

placed in the hands of a receivernt the instance of the directors of thatconcern , the Investment company bolntrthe principal stockholder In the - savings-bank. . The failure of the investment com-

pany¬

is attributed to the failure of theOmaha and South Texas Land company ,

whoso great object of developing the suburbOf Houston Heights , near Houston , Tex. , wasthe pot scheme of O. M. Carter , the presi-

dent¬

of all the concerns above named-.It

.

was a system of financial ramifications ,

constanlly increasing In complication , andthe failure includes the whole list. TheAmerican Loan and Trust company was thefirst of the concerns that was organized , itslife dallng back about llvo years. It had a-

paidupE-lI

capital of $400,000 , and the officerswere : O. M. Carter , president ; C. S. Mont-gomery

¬

, auditor ; J. Fred Hogers , vice presi-

dent¬

; George D. Lawson , treasurer ; PhillipPotter , secretary ; A. C. Powell , cashier.

The majority of the stoclc represents east-ern

¬

capital , principally Boston capitalists ,

and the company was instrumental in plac-ing

¬

L- a largo amount of eastern capitalMil the west. The savings bank was an "off-

shoot" and was established after the mannerof several other banks that were estab-lished

¬

by this investment company at variouspoints in the state during the past sixyears. In this number nro the First Na-

tional¬

of Havenna , First National of Alli-ance

¬

, First National of Grant , North PlatteNational and the Bank of Grafton , thelatter a state bank. It should be dis-tinctly

¬

understood , however , that noneof these llvo banks are now in any

associated with the parent institu-tion

¬

, as they passed into other hands some-time ago , and are now as distinct and en-tirely

¬

apart as though they had never beenconnected with It , so that the failure will nomoro affect them , or any of them , than itwill affect any other bunking institution ,

cither in this or any other state.The American Savings Is the only ono of

the bankintr "offshoots" that still was'identified with'tho Investment company. Ithad n capital stock of 400.000 , of which$100,000 was paid up. Its officers wore : O.-

M..

. Carter , president ; C. S. "Montgomery ,vice president ; A. C. Powell , cashier-

.It.

Was TUXHS "Steer. "The story of the decease of the Texas

concern Is told elsewhere in this issue , andneeds no repetition here. Could that havebeen averted , all might have been well , butthere is a suspicion ttiat inasmuch as thatwas practically the same conccin , it was al-lowed

¬

by the stockholders to go to the wall ,

In order the moro surely and effectuallyto wind up the whole business , andthus got rid of a load that was becomingburdensome for all , and that threatened to-bo even moro onerous before ultimate suc-cess

¬

could bo assured. Certain it is thatthere wns a difference of opinion betweenMr. Carter and the other stockholders as tothe situation , and they wore yesterdayin favor of the appointment of areceiver for the investment company ,

The president and some of theother directors who thought that there

- might still be . , way out of it demurred ,trusting that money necessary to tide overthe trying time might yet bo secured. Theothers were obdurate and threatened toapply to the court. The dlrcctois at' meeting decided not to consent tothis course , and the dissatisfiedstockholders , true to their word ,

wont before Judge Dundy in the federalcourt and made their application. A sub-pwnu

-

was served upon 'Mr. Carter at a-

o'clock yesterday afternoon , and shortlythereafter another meeting of the directorswas hold , at which it was agreed to consent

. to the application , and within n short timeof that action Charles W. Hnlney of tills , citywas appointed receiver of the AmericanLoan and Trust company. .

Tliun it was that the directors sent for thestate bank examiner , whoIs, stopping in thecity ns the temporary receiver of the Mo-Cuguo Savings bunlc , and told him what thesituation wns and asked his advice as to thecourse to pursue with reference to the sav-ings

¬

bank. They mudo the showing thatslnco thu failure of the McCague bank onthe llth! of June the American Havings hudbeen constantly reducing its deposits andduring the past thrco weeks hud effected J

reduction of that kind of liabilities to theamount of flKJ.OOO-

.It.

wan further shown thM this money hadbeen raised on the poorer class of thu bunk'-isecurities , and that the remaining securitiesamounting to *& :) ,000 , were of tlio best thatit had held , while the total liabilities , exceptiho capital stock duo stockholders , werethose duo depositors , and amounted to butflKI.OOO.

Solidity al Securities.The examiner said that m view of the facl

that the securities wcro good , the full legalreserve on hand and overythltic appearedstraight , ho could not properly taUo possesston of tlio bnnk. He suggested that Innsmuch as thu heaviest stockholder'the investment company , was Insolvent , tinburnt would probably bo unable to obtahfurther deposits , and it would bo qultproper , If the directors so desired , to go intivoluntary liquidation A meeting of tindlrectoia was Immediately held ami tillicourse was aprccd upon and Iho banklii )

board was asked to take the proper steps to-orthis end. The examiner could not speak

iho board without iv consultation with tinmembers and , as above stilted , loft at onci-or thu Capital city on that mission.-

An.

officer of the twin concerns , wheinaked lust ovcniug by a representative * ofTin : BEE fur a statement of the situationBiiidi "I am sorry to say that it Is a failurepure and simple , and neither of the Instltutlons will resume. Not a depositor will soJ-

U.

.- a cent , but the stockholders will lose a greaI many ot them. So far as the having

banK U concerned , there Is f WjOOO lu thbest securities of the bank to meet thu ll-

bllltles of "UM.CW in deposit * , which ii-mioitgh to also pay back the stockholder *

were it not for the expenses of winding ll'|the business , which will take about twyears , and the cost of which I am unable testimate , being inexperienced in businessthat kind ,

* "You sen , there is a leeway for $100,0 *

ahriukugo before the depositors could losanything , and still hack of that Is the Haiti

k Ity of thn stockholders for another f < 00lkv* HH cent of the capital stock Is &u-

lsciibecl , oven though but 25 per cent of ll1paid In. After the stock Is subscribed ,

stockholder * are liable , whether paid ini

not. . Of cournotliot cannot all bo held good , iomo of the sioekho'.ders are Inaolvatii. Mr.

Tarter has douosouio marvelous work lu !

three week * in the wy ot raUl :

money to reduce the deposits of thesavings bank. Ho went to Boston , and asclose as the market has been , ho raised" 40,000 there. Ho lias personalty signednotes to got money to protect the Interestsintrusted to his rare and ho will be leftwithout n dollar. Ho has done everythingthat an honorable man could do , and notoven the stockholders who have lost themost have a word of ccnsuro to breatheagainst him. "

It may bo stated that Mr. Carter (rave a-

mortpago on his residence yesterday for$ " 0liOO to protect one of the eastern cred-itors

¬

from whom money was secured. Hoshouldered a tremendous load , and strovematnftilly to avert the crisis , but the obsta-cles

¬

wcro insurmountable , and ho was forcedto succumb.

Inability to MeetThe greater number of the stockholders

nro of the opinion that the Texas venturewas the sole causa of the collap.se. but Mr.Carter Is unwilling to ngrco with that Idea.-Ho

.says that it was the inability of the In-

vestment¬

company to meet Its obligationsand carry Its rediscounts. The others assentto that , but Insist that It would have beenable to do so but for the burden imposed bythe southern scheme. It Is not contended thatthe latter was not atrreat thing , us the stock-holders

¬

maintain that It is bound to prove awinner , and will yield some immense for-tunes

¬

to somebody. They only regret thatthey were not able to hang on until theycould bo the beneficiaries and not some onoelse , who will profit by what has alreadybeen done. It 4a stated that could Mr. Car-ter

¬

have managed to swing the mammothundertaking , it would have made him amillionaire several times over-

.It.

is qulto certain that at least some of thestockholders did not rcalizo the immensityof the scheme when they went Into it , re-garding

¬

it moro as the simple platting of anaddition than a development undertaking ofsuch magnitude , or It is quite possible theymight not have been willing to go into it ,but having shouldered it they became en-tirely

¬

wrappediup Inilts glorious possibilities.Aside from the officers of the uank , the

loss will fall principally on eastern parties.The bank is still in the hands of the di-

rectors¬

, us the examiner declined to In any-way Interfere with their possession , and theexact steps to bo next taken will not boknown until this morning.

Tliogrand lodge of Woodmen of theWorld is a creditor of the bank , as thegrand treasurer , C. E. Allen , is employedthere , and made his official deposit there.The lodKO will faro the same as the otherdepositors ,

Cashier I'o IT ell's Position ,

The action of the stockholders of tfie in-

vestment¬

company was taken to prevent thepreferment of creditors , and the action ofthe officials of the bank has been *

such as to prevent the prefermentof depositors. Cashier Powell has beensimply an emplojo of the concern , andhad money there on deposit , belonging toboth himself and members of his family. Hnknew of the situation , and that depositswere being systematically reduced , but de-clined

¬

to withdraw that money , statingthat ho was willing to tnlo: his chances withthe other depositors , and would not use hisposition as un official of the bank to takepreferment over others who were not thusofficially situated.

The situation is not ono to cause any ad-ditional

¬

worry on the part of depositors , asthe bank has been for three weeks pastrealizing on its poorer securities to paydepositors , and has actually succeededin reducing its liabilities nearly8100,000 , without materially cuttinginto what would bo regarded as Its reallyavailable assets , and as a matter of fact theremaining depositors are confronted with abetter state of affairs than they were threeweeks ago. It is stated that the failure willin no way interfere with any of the otherbanks of the city.

DISCUSSED SILVCK.

Denver Citizens Hold a Mooting ana Talk, Over tlio Situation.D-

BXVEII.

, July 5. At a moating of citizenshold at the Chamber of Commerce to discussthe silver situation , Hon. Charles S. Thomas ,

Colorado member of the democratic nationalcommittee, and ex-Congressman James B-

.Bclford.

wcro the principal speauors. In thecourse of his remarks Air. Thomas said :

"So impressed am I with the importanceof this question above all othcis , and itsvital bearing on the future of the republic ,that I do not propose to let the His of anyparty obligation on earth swerve mo fromthe duty I owe to the people. Let us standshoulder to shoulder in the light. We mustbeat or bo beaten , and If wo are beaten wowill at least know that those who have de-feated

¬

us have involved themselves in acommon ruin. Just so sure as a single goldbasis is adoped and the total amount ofgold productions of the country , which Isonly $10,000,000 , which will bo curtailed 40per cent by the silver mines closing , just sosurely will the bankers of the cast own allthe property of this country as wp are sit-ting

¬

hero tonight on the anniversary of thenation's birthday. "

1'ower to Biispmnl giliur Purchases.WASHINGTON , July 5. The proposition

which has been talked of to adopt a resolu-tion

¬

at the extra session giving the presidentpower to suspend , until such a time as homay see fit , the purchase of silver bullion isono that does not moot with approval andthe silver men say that they would lightsuch a proposition with as much vigor asthey would the repeal ot the Shermunlow : for they believe iho effect of such uresolution In the hands of Mr. Cleveland ,whoso views on silver are known , would bo- the same aa the repeal.

Spain Is Not Affected.-MUHIIP

.

, July C. In the Cortes the min-ister

¬

of finance said that Sp.iin had no needto adopt special measures to meet the silvercrisis. Ho believed the depression wouldboon bo over ,

Hank I'ullnro nt Winnipeg.-WiXNiico

.

, July fi. The Commercial bankhas gone Into liquidation. Liabilities , ? ! , -

,'JTO.OOO. ; assets , ? 131000.! ) The bills of thebunk uro good under the Dominion law ,

J'xpnrtliiK hllv r,

Niw: YOIIK , July fi. Three hundred andthirty thousand ounces of silver will go outon cno. steamer tomorrow.-

KHIISIU

.

Hunk < ioe linden.G-AKUU.S

.( *

ITY , Kan. , July B. The FinleyCounty bank bus failed. No statement.

-

-

,They Threaten to Assasslnnt a lllijli HUB.

tin n Olllcntl Visiting Here ,

New YOIIK , July 5. Soon after the ar-

rival. bore last Sunday of General S. M ,

Is Donhovsky , recently appointed governorgeneral of Siberia , with a largo party boundfor the World's fair , the clerk at the Claren

.don hotel , where the party is staying , re-ceived a letter a letter signed , "A victim ol-

Siberia. . " In it tlio writer says A certain or-.gaiilzation

.

in Now York Is plotting to killDonhovsky , He also says but for his inter.-cnec

.

, thoorganliution would have made anattempt to destroy the Russian mcnofwai-in- the harbor. The letter was sent to Super-Intendent Byrnes , unit , it is said , ho hasmade preparations to prevent any attemptat assassination.

. Detained ut-is NEW YOIIK , July 5. Notwithstanding im

, pile It denial by Captain Laub of Iho steameilUcla of the ThlngvallA line , which arrivet°this morning , the passengers of the Sand;

ot Hook steamer Insist that they saw mat-tresses thrown overboard from the stcamcwhile coming up the bay this morning. Tinmailer was brought to the attention of Dr

- Jenkins , who caused the vessel to be lo-) , talued at quarantine until his return froii- the city ,

is Tlio steerage was thoroughly disinfccteithe and the steamer released. Further inves

thmlUm will hu made.as i M lu > npiaiu of the National line steame

i Kiu'upo reports that ho pitbsed a largo quurthe Illy of beddiug off Montuuk point thl

morning %

DOCTORS STILL DISAGREE

London and Manchester Merchants andBanksrs Dlsou'3 the Situation.

SOME ENGLISH SENTIMENT ON SILVER

Various Finns SnifResteil to Urlng Abnnt-n llt-I'MnlilUlinicnt. of Conlldence Only

Ono Thine; Agreed On niul that Is-

to Walt (or Congres-

s.Cnproitft

.

[ | ? ( IS93 liy Jamt* (Jordan n niicf"-lLONDON , July 6. [Now York Herald

Cable Special to TUB BED. ] Both In Lon-don

¬

and Manchester , which latter city Istoday the homo of the English blmetalllst ,

as it was formerly of the Cobden free traderinterest In the recent action concerning sil-

ver¬

by the Indian council grows apace. InLondon yesterday I saw business men ofwidely differing interests who yet wcro ntono In the keen attention they bestowed onthe present situation. Interested as theyare , however , there seems to be a generaldisposition to say as little as possible , and towait for developments. The London repre-sentative

¬

of J. S. Morgan & Co. said :

"1 for ono am inclined to think the pres-ent

¬

scared attitude of the public Is not war-

ranted¬

by the actual facts. Nothing reallydefinite can bo said until it Is seen how thenatives of India are going to regard the gov-

ernment's¬

action. If they make up theirminds that silver Is a depreciatedmetal and begin to hoard gold the factthat there is u balance of ten or twelvemillions in their favor will seriouslyaffect our money markets. 1 am inclinud tothink that the innate conservatism of theHindoo and the fact that ho has boon using *

silver and looking upon It as the only meansof exchange for many centuries , will renderthe action of the government of much lessaccount than Is generally supposed. If I ainnot very wrong in my forecast , in a. short"time matters will have adjusted themselvesaud trade How on as uninterruptedly as-

over. . "There Are 'Ninny Contingencies.

The chief partner of the ilrin of Sharps&Wllkius of Great Winchester street , theleading silver bullion brokers of London ,

said : "It Is impossible at the present stageof the game to say anything very definite.Anything regarding the future of silver de-

pends¬

on the many ifs with which the sit-uation

¬

bristles. At present silver is ab-

normally¬

low. I , for one , would not bo sur-prised

¬

to see it even lower. I am inclined todoubt the stories of the closing downof so many mines , but if the ownershave taken this course It Is so much thebetter for the rest of us who have silver luour possession. Of course the United Statesgovernment must and will take stops tostraighten things out. Wo are awaitingexact knowledge of what these steps will bo

with not a little anxiety. "William Gibson , president of the Gold-

smiths¬

and Silversmiths company , ono ofthe largest of English concerns employingsilver in arts , said : "I own to reeling fora long time a trust that the policy the silvermine owners should pursue should bo inthe direction of radical cheapening of themetal. Many owners , I am convinced , willfind it would pay were they to produce silverand place it on the market at a price muchlower than ever touched before in thehistory of the world , providing they can ob-

tain¬

a largo enough market. That marketwe , with other largo users of 'silver , wouldguarantee , wore the price per ounce such aswould allow us to use silver in the artswhcro wo are now forced to employ basemetal. Of course the bimetalllsts will say1 am talking rank heresy , but I am con-

vinced¬

there is but the one way at last outof the difficulty. Otherwise it will increaseustead of diminishing. "

I'ecllnB In Manchester.For some time past the first inquiry of

Manchester shippers and manufacturers onarriving on 'chance has been , not "What iscotton today ? " but "What is silver ? " There-fore

¬

I took occasion today to procure theviews of the principal Manchester merchantsengaged in tbo eastern trade.-

W.

.

. E. Don Ington , one of the principals ofthe largo eastern house of Frazers Sons com-

pany¬

, one of the most active spirits of theManchester bimetallic school , said : "Thoclosing of the Indian mints to silver was anunsound mcasilra which has been forced onthe government of India by the inability ofthe Imperial government to grasp the truesignificance of the currency question. Themaintenance of rupee paper at one-fourthappears to rest entirely upon the continu-

| anco of the balance of trade in favor of India ,

destroy. I little doubt the leap in the dark ,

which has been forced on India by the atti-tude

¬

of the homo government toward cur-rency

¬

reform , will afford an object lessonwhich will cause the British public to Join inthe demand for an International settlementof this vexed question , namely , by interna-tional

¬

bimetallism , but I fear the lesson willbo severe , and those who learn it uill havereason to regret the troubles which theirapathy , and , in some cases , selfishness hasbrought upon themselves. "

W. H. MeNelll , secretary of the Blmetallioleague , declined at the present stage to sayanything Officially. He admitted , however ,

that the feeling ot the league toward thewisdom of the Sherman act is that it is avaluable stop toward the utilization of sil-

ver¬

as money , The drawback is that themeasure represents individual action only ,while the object of the league is to establishinternational bimetallism.-

As.

It Afluctn lllinetnlllsiu ,

Ulchard Musden , ono of the oldest mem-bers

¬

of the cotton trade said ; "The Britishgovernment in this case thinks a doutU blowhas been struck the Sherman law. Eventhough the silver mines may shut down andthe owners start on the political warpath ,

the now position created must at an earlydate command the attention of the nationsforming the Latin union. "

pany , who own largo mills in Bombay , said :

"Tho change will bo had for the Indianmills for some timo. Within s week a differ-enco of 20 per cent to the bad has takenplace. Although not n blmctalllst , I regardthe change as a step toward bimetallism. "

To show , however , that oven the mercan-tile

¬

doctors disagree , Donald Graham of the- William Graham company , ono of the east-

ern¬

traders In the kingdom , said ; "Thechange will prove a death blow to bi-

metallism. . "ySir Frank Adam said that ho did not sec-

how the change was going to help Americansilver mine owners by bringing any bimetal

. Ilsm about , "I don't think a dual monetarystandard possible , and if It were I refuse to-

ofbelieve that it will remove the exchangeevils , which are crushing certain sections

- the Lancashire trado. "Oilers of bllver.

- WASHINGTON , July 5. Inquiry at tinTreasury department today as to whothethe amount of silver offered the govornincu

was as lartto now as fOrmcrty , <dovclopcd thefact that for the first six months of the cur-rent

¬

calendar year the { ffors ugcrcgated52,300,000 ounces , while forthe same periodllast! year there were only4.17150000 , show-Inc an excess for the coriwpondtng periodof this year of 0aV,000) , which would indi-cate

¬

that the production of silver was notfalling off in the United States. Theamount of silver bullion imported for thefirst six months of the calendar year , Includ-ing

¬

that In ores , was" 8,471,000 ounces , whilethere that been exported 11008000. Of theamount of sliver offered to the govcrmcntduring this period 27,000,000 ounces werepurchased. ;

IN NIW: voiuc.-

McotltiK

.

of the Chtmlinr of Commerce At-tlio Suutronsnry.-

Nr.w.

YORK , July 5. Much Interest Is beingmanifested In the special mooting of theChamber of Commerce called for tomorrow.The purpose of th'o meeting is "to considerthe present disturbed condition of thefinances of the country and to pass resolu-tions

¬

expressing' the views of the chamberregarding thoprcscntstato of things and ad-

vising¬

the course of action which the cham-ber

¬

should consider most ; timely and cfHcicntfor remedying existing ovlls. "

Those members who arc most actively urg ¬

ing the chamber to take'a strong stand werebusy today bringing together men who rep-resent

¬

interests In various parts of thenation.-

"How.

New York feels and thinks Is prettywell known , " said a member today. "Thatwill bo emphasized I hopo. But wo wishalso to hear all sectional .views , if there nroany such. In this way the chamber's decis-ion

¬

may have weight ou gido of the stateand as far as its members have influence. "

I.nck ot Confidence.The chief features in the monetary situa-

tion¬

today , according td'sovcral of the lead-ing

¬

bank presidents , jvcro unrest , lack of-conlldcnco and a scarcity of currency. Thelatter Is apparently becc ming a very seriousmatter , and some banks are pretty hardpushed to secure enough to meet the de-mand

¬

upon them. Late Jpn- Monday after-noon

¬

orders were received by telegraph forlargo amounts of currency from Boston , Bal ¬

timore. Philadelphia and Plttsburg.-A

.dispatch from Philadelphia today re-

ported¬

the refusal of a bank in that cityto pay a check on it for ? lf 0,000, In cash. Theholder of the check , it vAis said , would in-

sist¬

on the check being paid in cash today.The bank can pay it all in silver dollars If itcared to do so. , ,

Ono of the most influential members ofthe Clearing Housa said this afternoon : "It-is all nonsense , this talk about an actualscarcity of currency , but If'.everybody keepson talking about it , there will soon bo ono.The banks have got plenty } f cash , but thetrouble is they are attempting to hoard theirgold. They have got ti [ hundred milliondollars in gold and currency. The properthing for them to do wouldlbo to take someof their gold to the subtrea i3ry and got cur-rency

¬

for it if they nro in'need of currency. "Will Supply Currency.

Several bank officers called at the sub-treusury

-

this afternoon andasKed what theynould get In the way of currency if theyneeded any. They did" not mention anyamounts , so that the treasury officials werethis afternoon unable , to form any opinionwhat the probablo.demand , for currency willbo before the close of business. The assistanttreasurer , however , mfornjed the bank off-icials

¬

that the subtreasury would continue to-

do as it had done ; namply, 10 give the banksnil the currency they nccded in small notesin exchange for greenback , gold certificatesor gold coin , and for no es gf the denomina-tion

¬

of $10 ," and upwards , Jargo treasury

notes woul4 bo received. * ' " 'The orders for currency , by- , mall this

morning' were reported astight , but it wassaid that in view of Monday's experience , itcould not be estimatedthow much would beshipped until the hour-htxdlpassod for the ro-cclot

-of telegraphic orders.

Saturday it was hoped much of the cur-rency

¬

that had booir * drawn by savingsbanks in this city and elsewhere for thepayment of interest and dividends wouldbegin to float back -into the banks of thiscity. The president of ono of the nationalbanks , in speaking on the matter, said thata large amount of currency was locked up inthe vaults of the trust companies. He knewof one trust company that hod " ,000,000 ofcurrency locked up in that way. It had theaccounts of several savings banks and didnot know at what minute they might wanttheir money , and therefore did not like tolend the money. It accordingly took the$3,000,000 out of the national banks withwhich it in turn kept its accounts , for fo-irthat they might not be tihle or willing tojs U-

it have the currency when' needed. ' '

Doing : 1'verytliliiK to'Seflovo the Strain ,

At the subtreasury touny it was said tliathere had been no telegraphic transfer omoney to any point tojia.y.but $200,000 Insmall notes had been exchanged for largoones up to that hour. The ''scarcity of cur-rency

¬

in the banks , itwas; said , was knownand everything had illeen done by thetreasury officials that was possible to savethe strain. During the , last week no lessthan §0,000,000 in currency had been paid outby the subtreasury In this city in exchangefor largo notes (greenbacks ) , gold certifi-cates

¬

, gold coin and local tender certificates.The banks having checks on the subtreasuryhad presented them direct instead of throughthe Clearing House and bad received thecash for them. The buhtrcasury in this cityhas at present only SU',000,000 of currencyon hand , but It can draw for two or threemillion moro from Washington if occasionrequires.

The Clearing House committee issued?500,000 moro certificates today , thus makingthe total amount now issued :ilin000., ,

With reference to the very great difllcultythe Philadelphia bankr have had In gettingNow York exchange , as iriuch us * "

> per $1-

000, -

was paid last week by some of them , Inorder that they iniKht remit what they owedto bankers in this city. It was reportedtoday that some of the older bank officers ofPhiladelphia believe that something shouldbo done to prevent the recurrence of such astate of attaira , and for1 that purpose willendeavor to bring about a changein the monetary relations withthis city. It has been siigerested-In Philadelphia that that city should bomade a central reserve , city for nationalbanks , the sum as Chicago. If that weredone it Is believed ( by some Philadelphia's )that from 610000.000 to (115,000,000 , whichis now kept by Pennsylvania banks in tillscity would ha kept in Philadelphia instead.-A

.

leading New York bJjnk president , how-ever

-, today laughed nc the suggestion , and

remarked that the Philadelphia bankswould bo still obliged to'keep large balancesin this city , "The Philadelphia banks , " hosaid , "are too slow , They should tuko outplenty of ClearingIlo'use certificates andthat would release sufficient currency to paythe money they owe ! td the Now Yorkbanks. II

Appropriation llilli >Vil| Tuko Precedent.WASHINGTON , July 5 , It has been btuted

that the appropriation bills will bo taken up-"by the extra session before oven the finan-cial

¬

quenlon , At the Treasury departmentit was learned that n request was made ofthe various departments to submit theirestimates for the next fiscal year , beforethe call of the extra , seb'slou. The request|was that the estimates should bo sent in bythe IBth of September 4and it would takethree wegics for tho.Treasury department toplace them in such a shape that they couldbo considered by the appropriations com ¬

mittee.-

WASUINQTOX

.

Tut In Clmrt-e of Tullcd Hanks., July -I. Comptroller Eck-

els-

has order.'d Bank Examiner Wilson totake charge ot the failed First Nationalbank of Albuquerque. N , M , , and BunkExaminer Ferris to take charge of thefailed American National bank of Lead-ville , Colo. He it. informed that thefailed First National bjuk of San Dlogcresumed business today and Iho fulled

,

Washington bank of Spokane Wash. , willresume business tomorrow.

(lulu In tlio Troitxnry ,

WASHINGTON , July n. The not gola in tintreasury ut the close of business today was

WHICH MADE THE MISTAKE

Some Ksason to Beliova tbnt Tryon and

Maikhaifl Both Wore Wrong.

ONE COMMAND THAT WAS NOT HEARD

Arrival of the Cnmporilnmi nt Milt * Urluirs-n Tow More Dctulln of the Terrlblo

Disaster Hunmco to theVessel ,

Gordon " "eiuic'M-MALTA. . July 5. INow York Herald Cable

-Special to TUB Bec.l The Camperdownand lulloxlblo arrived from Tripoli at : !K)

this morning. The Inlloxlblo saluted Tracy'sHag , who was just promoted to bo vice ad-

miral.¬

. The Campcrdown's band playedgaily until it reached its moorings. HearAdmiral Markhara was not on board , havingremained with the llazship Nilo. TheCamperdown enters Somerset dock tomor-row

¬

for examination and repairs. v,In oppearanco the Campordown is much

as usual. 1 rowed ''round her at her moor-ings

¬

, and observed the port side of the bowwas moro dialed aud bruised than the star-board

¬

, but both wcro scraped showing theeffect of the impact. The crew was en-

gaged¬

in removing tho-canvas which cov-

ered¬

the holes stove In the bow from the col-

lision.¬

. The principal damugo is below thewater and will not bo vislbla untilshe is docked. The stem under theram is broken and the ram itself is-

twisted. . The hole or holes wcro success-fully

¬

plugged at Tripoli and the ship pumpedclear of water within twenty hoursafter the collision. The liguro head is theonly thing missing.

There Is homctlun lintiilil.After examining the outside I went aboard

and had a chat with the officers and crow.All were serious and profoundly regretful ofthe disaster. Their particulars of the acci-dent

¬

tally exactly with the story telegraphedthe Herald. Trjon's order , however. Ismoro of a mystery , unless miscalculation ofthe distance is accepted as a sufficient rea-son

¬

, which docs not seem possible for a man-se exact , careful and competent.-

I.

cannot avoid the Impression that some-thing

¬

was wrong , which lias not hithertobeen spoken of. One of the Camperdown'sofficers stated that when the ships collided ,

Admiral Tryon was the only person on theVictoria bridge , excepting CommanderHawkins Smith , beciuso the admiral hadsent Captain Bourke , Lord Gifford and theothers away on various errands. As theships wcro approaching each other , andwhen the collision was absolutely inevitable ,

Tryon called out some inquiry to Markhara ,

on the Campordown's bridge , which was notclearly understood. Oa the Camperdownthe words sounded like , "Who did you dn ? "or "Why did you not do ? " the rest not beingdlstiiict. The shock of the collision was notsufficiently violent to upset a parson or-

th'ngs' on the Camperdown. Nothing wasdisarranged. Even the silver prize vase onits pedestal on the ward room table was not'turned. , '

I I'ound the Camperdown dischargingpowder and stores which had been in theHooded magazines. They were being sentashore for examination. It is stated thatafter the collision Captain Johnstono orderedall hands on deck because the Camperdownwas making much water , and it was sup-posed

¬

she would tjo down instead of the Vic ¬

toria.STOri'l'I ) HV ItAIN.

Student Illots In I'arls Checked by TTeuthcr-I.athi Quarter In u State of Siege.-

Cojiyrlti'ited.

[ lSt.1 Ity Jamn Gordon Htnnctt. ]PAIUS , July 5. "New Vorlc Herald CableSpecial to THE BEE. I Comparative quiet

is re-established this evening , thanks to thebad weather. The government has had apowerful auxiliary in the rain In preventinggatherings of unusual magnitude. In splto-of the apparent calm , however , the Latinquarter Is occupied by military and thewhole district Is llko a besieged city.

JACQUES Sr. CEIID-

.PLKASl'D

.

WITH I'OKTEK.

Minister I gan * Successor Warmly Ite-cclveil

-liy thn Ulillliin Unverninent.C-

opyr"o"i".

[ .' 1B03 Gordon Itcnnctt. ]VALPAIIAISO , Chili (via Galvcston , Tex. ) ,

July 5. [ By Mexican Cable to the NowYork Herald Special to TUB BEB. ] UnitedStates Minister Porter was formally pre-sented

¬

yesterday to President Montt. Howas mot at the entrance to the Moiieda-by 800 officials of the governmentand waitely cheered. In receivingMinister Porter , President Montt saidho regarded the national holidayof the United States as an auspicious timefor the renewal of the friendships betweenChill and the great republic; of the north.-Ho

.

asked the minister to inform Presi-dent

¬

Cleveland and the people of'the United States of the sincere

desire of Chili and her citizens toregard them as friends. The tlrst nation onthe American continent to secure freedomfrom the oppression of European rulers wasbelieved by Chili to bo her truest friend ,

Ho congratulated himself upon being able toreceive , and President Cleveland upon send-ing

¬

, so able u man as Mr , Porter us theminister from the United States.

Minister Porter's reply to the address ofPresident Montt was well received by theChilians. Ho said President Cleveland hadinstructed him to inform the Chilian peopleof his deslro to draw closer the bonds of-

friendship. . Ho hoped that former disagree-mcnts

-

would bo forgotten.Patrick Egan then presented the letter re-

calling¬

him to the United States , PresidentMontt replied briefly , but without showingany friendship for the retiring minister. Inclubs and other places whcro Chiliansgather Minister Porter's speech is warmlypraised. When the new minister leftthe Moneda the crowd In the streets gavecheers for Minister Porter and PresidentCleveland , The people arc generally gladthat Egan's mission is done ,

The troubles in Argentina have not beensettled. The Herald's' correspondentin Buenos Ayres telegraphs thatQulntano has declined to form a cab ¬

inet. Meanwhile the members of the oldcabinet , believing their resignations hadbeen accepted did not attend the meetingcalled by him for last night. Army officersgenerally appear to be indifferent to the sit-uation , but the chiefs of the police forcehave assured President Pena of their sup.-port. . The Herald's correspondent in Riveratelegraphs that General Tcllcs is fortifyingPetolas.- of Smallpox.

MANAGUA , Nicaragua ( via GalvcstouTex. ) , July 5. [ By Mexican Cable to the

York Herald Special to TUB BBK.JThe epidemic of smallpox is iucreaulag , Althe hospitals are filled with patients , andgeneral alarm is felt. The epidemic ha :

spread to Granada , Leon and Masayu , ilivaialone having escaped its ravages. Money li

. ..

bcln raised by poptj Imbscrlptton to aidthe people who are Hng from the con-tnplon.

-. , I

General Atipustln Rlcz and Joaquln-Xnvala will probablj Jcandldatcs for thenomination as i rcsldcnt"lTy the conservativeparty. General Sanbos Zclnyn will bo thecandidate of the liberal party , but the con-

servatives¬

will elect their candidate ,

I'rrnN Critical Condition.LIMA , Peru (via Gnlvcston , Tex. ) , July

5. [ By Mexican Cable to the New YorkHerald Special to Tun BKH. ] Excitementover the approaching meeting of congress toelect a president Is Increasing. An outbreakmay occur at any time. The governmenthas warned the leaders of all political partiesthat political meetings will bo suppressed If-

nny( attempt is made to Interfere with thepeaceful sitting of congress.-

A.

brilliant reception was Riven last nightby the American hullcs of Limn In honor ofthe Fourth of July. Many Peruvian ladiesattended and enjoyed the dance which fol-

lowed-

the reception. The United Statesminister made n speech In which ho compll-mcntcd

-

the Herald and wished it success.Oliver O. Pike has retired from the house

of Grace & Co.I'liinima AfT.tlri ,

PANAMA , Colombia (via Gnlvcston , Tex. ) ,July 5. [ By Mexican Cable to the NewYork Herald Special to TUB Bnii.l ThomasAdams , the retiring consul general from theUnited States , sailed from Now York todayon the steamer Colombia. M. Macint , theminister from Franco at Bogota , lias beenrecalled. .M. Bourcarllla , secretary of thedelegation , will perfoim the duties of theminister until a new one has been appointed.

Tile Herald correspondent In La Guayarawires that Mrs. Hanna , wife of the UnitedStates consul ) will sail tomorrow on the Ketl-D line steamer Venezuela for New York.She will be accompanied by n party offriends who will visit the Chicatro fair.

The impression produced in Peru by thewarlike preparations going on across theBolivian border has , despldc the repeatedpeaceful and friendly assurances of theminister resident acrcdlted by the La Pazgovernment to Lima , given rise to publicand semi-official expressions of gravedistrust. The Lima and Callao press diplo-matically

¬

refrain from comments , but theopinion is that at a moment when it is leastcxpoetcd , possibly before the internal polit-ical

¬

agitation now commencing Is repressed ,something may occur to bring on a clash oe-twccn

-Peru and Its mid-Andean neighbor , an

old time ally. I do not moan that Presi-dent

¬

Bernnulez nor the followers of citherGeneral Caceres or General PIcrola will do-libaratoly

-commit any act calculated to pro-

voke¬

a foreign attack upon their commoncountry , but Bolivia , egged on by Chill , Isknown to bo upon the aiort and may uponthe least excuse assume the aggressive atany moment.

In Ilondiuus.Intelligence reaches mo from Honduras

that President Lcvl , whoso ill healthprompted him to retire temporarily from thedirection of the government and call VicePresident Aguerro to the executive chairin January last , is anxious to resume officea ul servo out the remainder of his constitu-uotial

-term , which does not expire until

December 1. 16J4. General Lcvl refuses torecognize the right of Dr. Asnorro to re-tratisfer

-the presidency tj Vasquez , the

dictator , and has published an addicts tothe country denunciatin ? the act as illegaland void. General Barahona , It is claimed ,has undertaken to organize and lead a forceagainst the capitol in Levi's favor , and ex-Presldcnt

-Bogran | s aaid to bo in sympathy

-with the now movement.The HeraUVs correspondent nt Tegucigalpa ,

however , fails to verify this report andin response' to an inquiry tele-graphs : "Levi's manifesto creates -noapprehension hero of further troubleBogran commands a small guerrilla bandonly. Bojrran Is still in SantaBarbara living quietly upon his cof-fee

¬

estate , engrossed in the sox'cralenterprises in which together with MajorBurke ho is heavily Interested. His connec-tion

¬

in any way with Levi's proposed revolu-tionary

¬

movement is quite improbable. "Owing to the giowth of the revolutionary

movement in Ecuador tno council of stateat Quito has conferred extraordinarypowers unon President Cordero. The latter ,in turn , has declared a state of seice andplaced the rebellious district under militaryrule. National troops have occm dispatchedto the localities as trouble is feared-

.TIIOIlNIHI.t.S

.

mSASTKH.

Work of Kosculnc ; the ImprUoiied Minorsniul ItccnM-rlni ; tlio Demi.

LONDON , July 15. The work of rescuing theliving miners and of recovering the bodiesol the dead Is bcinp : pushed as rapidly aspossible In Ingram's colliery , Thornhill ,

Yorkshire , the scene of yesterday's disasterthat entombed the day shift of M5 men.Late this evening the rescuers had broughtclchty-elght bodies to the surface. Two menwere brought up in a unconscious condition ,but tttiil 'breathing , aud hopes are enter-tained

¬

that they will recover. Six men whohnd sustained no Injury whatever , but hadbeen imprisoned behind a huge mans of-dobrls , ivcro dug out this evening :. Whenthey appeared at the mouth of the pit theywcro greeted in a most touching manner bytheir relatives and friends.-

No.

reason has been given for the explo-sion

¬

, but the conjecture Is that It wancaused by carelessness on the part of ono ofthe miners In opening his lamp-

.Elpht.

men and a boy have been rescuedAll hope for the others In the pits Is aban-doned.

¬

.

Action of tlio I.nt In Union ,

ROME , July 5. Negotiations nro proceed-ing

¬

between the governments of Italy ,

France , Belgium and Switzerland lookingto the protection of the interests of thenations composing the Latin union , havingIn view the action of the government ofIndia in regard to the silver currency of-India. . It is bolloved that none of the mem-bers

¬

of the union will.wlthdruw from it-.In

.

Borne the minting of one-half , ono andtwo frano pieces has been almost suspended ,

A few Jive franc pieces uro still being coined.-

Bnni.iN

.

, July 5. The Kcichstag , by alargo majority , oloctoJ Herr von Lovotzow ,

conservative , president , Baron von Buel ,

clerical , fiist vice president , and HerrBuerklln , national liberal , secretary andvice president. The iirmv bill will be In-

troduced¬

lu the Reichstag Friday next.

Attempted Aksuiilimtlon ,

ST , PcTnusnrna , July G. An attempt wasmade today tounsasslnatoM. Pobiodonoszoff ,

a member of the council of the oinplro andthe supreme tribunal. An rx-ueminaristnamed Ghlnrlntof tried to stab the ministerwith u dagger at his residence , but wasplaced under arrest.-

I.nunelieil

.

n lllc htfiimrr.GLASGOW , July G. Donny Bros. , ship-

builders¬

of Dunbarton , have launched a steeltwin screwj cargo and passenger steamer of10,000 tons , built for the American lino. Shn-Is Intended to ply between Liverpool andPhiladelphia. She was christened the South-work.

-. .

Victoria Will Atti'itil tlio Wedding :.

LONDON , July fi. The queen arrived atBuckingham palace from Wlndhor castletoday for the purpose of attending the

* riage of iho duke of York o d Princess May ,

which takes place at half past 12 tomorrowat the Chapel Uoyul , St. James palace.

.

Captured un Alj i'inder,DKXVEH , July fl. George W. Stage ,

absconding city clerk of Pulnosvllla O. , wascaptured at tut Markham hotel this morn-in

-

* by 1'oteotlves Conner and Burlow. Hohad on his person two corlillcates of deposit ,ono for fS.HS.'i on the Central Imnk of ( ; ievc-land , and another for SJ-i'i on the FirstNational bnnk ot ChlciiKO , He alto Imd-Jl,18" in money ,

OF A GENOA CITIZliN

Andww Dabnny Shoots Ilia Wo and JumpsInto the Loup ,

DOMESTIC TROUBLE CAUSED THE AFFAIR

Indications tint the Mtmlartr-Muclo Ills KtcRpo by Swimming Down

tlio Illvcr Little Prolmlulltj- Hinttlio Wotnnn Will Itccovcr.G-

KXOA

.

, July fi. [ Special Telegram to TUBUKE. ] Ixist evening Andrew Dco.iny , livingnt tin- south end of the Lonp river bridge Inthis city , attempted to kill hU wife , andsubsequently drown hlnisoU In the Loupriver. Uobnny Is a Polamler who has re-sided

-

In Nebraska about twenty years , com-ing

¬

to Nanco county from Platte county ,north of Columbus. For some time therehas been trouble between him and his wife ,which culminated last week , in his wifeleaving him and instituting divorce pro ¬

ceedings.-Dobany

.

concluded to determine the dlvorcaproceedings according to his own Ideas of-equity. . He purchased a US-caliber revolverand went to the place whcro his wife hadtaken shelter and at once emptied th'o ilvoloads of the revolver into her breast. Notsatisfied thatjils fiendish work was accom-plished

¬

ho then jumped and stamped uponher head and face , dlsllgurlng her almost be-yond

¬

recognition. The wife was In a dell-eat o condition , and her recovery is almostimpossible.

.In m PCM ! Into tlio ItlviT-.Debany

.

then ran and Jumped Into theLimp river , declaring that ho was going todrown himself. His children followed himand saw him swim down the tlvcr for h.ilf amile and then crawl out on the bank , whcrothey went and talked to him. He de-clared

¬

ho was going to drown himselfand Instructed them to return to theirdead mother. Ho again jumped Into theriver and baa not been seen or hoard fromslnco. Officers and citizens have been mak-ing

¬

a thorough search for him , but thus farhave been unsuccessful. The prevailingopinion Is that he has not suicided but hastaken this course to make his escape.

Speedy justice will bo moled out to him in-case ho is captured , Dcb.iny is aoout 43years of ano , stout , weighs about 140 pounds ,wears his mustache cropped short and hashis haircut square across the bank of hisneck. Ho owns considerable real estate in-Nance and Platte counties , for a division o (which the wife had applied in her divorceproceeding- ! .

Four small children and a grown son re-main.

¬

. Their sympathies wcro with themother.-

Ho.

*it thought to bo hiding in the brushupon some of the Islands south of town anda posse is being organized to search for him.-Mrs.

.. Debany is still alive , but there is little

hope of her recovery entertained.-De"bany's

.

brother wns airested for threat-ening

¬

to < hoot one of his nephews last even-Ing

-and is lodged in Jail here. The general

opinion prevails that Debany will make forMichigan , from which state ho came heroand whcro ho has relatives.-

Debany.

Is an ugly customer and was re-cently

¬

arrested and put under bonds forthreatening to kill his wifo-

.I'lni

.

Creok'g Fourth.ELM Citccic , July 5. [Special Telegram to

Tin; BEE. ] The Fourth wns celebrated heroyesterday. About 3,000 people from the sur-rounding

-country were present io tana part

in the games and races.John Bergcr , a young man from Kearney ,

was shot in the hand by a farmer namedSheldon during u light over dlco. In theevening a grand display of fireworks wasmade.

liXi'Kciiffa .if, auruitiUK.-Hlvnl

.

I'fictlons In the Cliochiw NationIloadr to Flulit.-

Wii.nuiiTON.

, I. T. , July 5. The situationhero today has remained much the same as-yesterday. . While there is no outspoken do-

slro-

on tl.o part of anybody to cause trouble ,the fact that the Indians are heavily armedIs considered as an indication of troubla-ahe.id. . The utmost silence prevails andeverything is still as death. Old timers re-

gard¬

tills as the wotst phase of the situationand predict that blooJshcd will follow soonafter the execution occurs , if not before.

The Indian military , which has beenstationed hero over slnco the trial ofthe condemned men was finished in the civilcourt , js being constantly Incwused. Yester ¬

day the troops were reinforced and it is under-stood

¬

that others will urrivo today and to-morrow.

¬

. ,Up to sundown no word had been received

from Governor Jones indicating that thesheriff would bo interfered with. The con-tract

¬

for constructing tlio coffins and Inter-ing

-the remains 6f the four doomed Indians

has been lot and the work is well under way.The militia is active and stands ready to

carry out the orders of the sheriff. Shouldthe War department Interfere and sendtroops to stay the execution , lu the opinionof nearly everybody , such a course wouldsimply bo adding now trouble to the situa-tion

¬, for the Indians will not recognize any

authority of the general government to Inter ¬

fere with the Choctaw laws , If troops aredispatched to this point they will have tomake double quick time. There are notroops nearer than Antlers and to got themhere would require quick work. In case thetroops should come In on time the forcewould bo Insufficient to quell the disturb-ance

¬

that is looked for. The least mistakeIn handling the affair might result In greatloss of life on both sides. Much bad bloodhrs been engendered by the investigationmade by Inspector Falsnn , and If a mistakeia made and the torch lighted anew the gov-ernment

¬

may look for serious consequences.DALLAS , fox. , July 5. Secretary Smith of

the Interior department has wired IndianInspector F.ilson , says n News Paris , Tex. ,special , to Issue an order to the Cnoctavrauthorities to prevent the execution of tti-llvo Choclaws who were to bo shot Friday ,

IN Ul'Jifi MUTINY.-

Hoys

.

In the Itcfurni bclionl ut Topeki , K n i-

luuso! New OlllcinU Trouble ,

TOITKA , July 5. When Mr , Hitchcock ,the new superintendent of the State Reformschool , took possession of the institutionJuly 1 , ho was immediately deserted by thesubordinate employes , Ho also found tlioboys In almost open mutiny and the situ&-tlon

-

wa so grave that ho telegraphed forfiomo members of the SUto Board of Charitlea to coma and assist him in restoringordor.-

M..

. A. Householder , a member of the board.-naya

.the desertion of the subordinates and

the conduct of iho boys were Inspired bythe retiring officers , who wore offended b 4-

Dciprriidni

-cause now officers had been appointed. Ho-Kays that he has positive proof that the boynwere Informed the day before the cm-cers

-

took possession "not all rules were offand they might do as they pleased. Con-sequently

¬

, when Hitchcock hummed the di-rection

¬

of affairs , the boys paid him no r 3-

npect. .

in ( 'nitoiljr , *

DENvuii , July 5.United States Marshal r-A , W , Drown arrived iu the city this after-nocn

- '

, having In custody the two members ofthe Starr (rang recently captured at Colo-

rado¬

Springs. His prisoners are HenryStarr and Kid Wilson , whu uro both wantedfor crimes committed In a dozen differentHtaies. They wcro shackKv } together. Mar-shal

¬

Drown took them 'o thn county Jullwhere they will ! ) .tcp ! tii.ttl ths requisitionpapers uio ubta.liu ' 'rou ( Iciroruor Walto.-MurNltai

.liruuii v i i i-n talcn his prisoners

lo 1'orb Smith , Arheio they will bo-

tiieil for the railroad rolbiry) ) itctatly-mlttc.l noir that plftco.