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wmmmmmmmî X*** *• ^ i ̂ * *" * ^ THE MCHENRY PLAINDEALER I£ McHENRY PLAINDKALER 00. 'HeHENRT, g- - . • ILLINOIS. m NEWS OF THE WORLD Political, Domestic and Happenings of M!nor Importance Told in Paragraphs. - Secretary Moody Is expected soon to announce the appointment of Comman­ der William J. Barnette of the general board to succeed -Captain W. S. Cowles as assistant chief of the bureau of navigation. Captain Cowles is to com- Slfind the battleship Missouri, now Bearing completion at Newport News. Judge Osborne at Cynthiana, Ky., or­ dered Sheriff Leach and his deputy to take Curtis Jett, sentenced to be banged Dec. IS for the assassination of James Cockrlll, to Louisville jail for safe keeping pending Jett's appeal to the court of appeals. Robert W. Downing, comptroller of the Pennsylvania Railroad Company, reported to the police that his summer home at Wallingford, Pa., had been visited by burglars. The robbers se­ cured silver plate valued at $1,000. James F. Bailey of the Barnum ft Bailey oircus is to build a $150,000 mansion at Mount Vernon, N. Y. Rev. Harry Blunt, pastor of Old Or­ chard Congregational church, St. Louis, Mo., has accepted a call to Ply­ mouth Congregational church of In­ dianapolis. Senator Fofeter of Washington an­ nounces his candidacy for re-election and has before him a bitter two-year light. Rev. Milton J. Norton, pastor of Im- manuel Congregational church of St. Louis, Mo., has declined a call to teach in Anatolia college, Marsovan, Turkey, which is under the American board of commissioners for foreign missions. Dr. T. V. Gilford, a medical writer of international reputation, died at his home at Kokomo, Ind., aged 72 years. He was an antl-vaccinationist and was opposed to the use of medicine in the treatment of diseases. By his request there will be no funeral andc-the in­ terment will be witnessed only by the undertaker in charge. Mark Twain is to sail for Europe in October. Rev. Anson Phelps Stokes; Jr., Is ill from overwork at New Haven, Conn. Postmaster General Payne has re­ turned to Washington from Hot 8prlngs, Va., and resumed work at his desk. George B. Cortelyou, United States secretary of commerce and labor, passed through Montreal with his fam­ ily on his way to Quebec. Mme. Nordica reached New York from Europe in the best of health and spirits. She will rest a week before starting with J. S. Duss and the Me­ tropolitan opera house orchestra upon a long concert tour. F. L. Crow, member of a prominent real estate firm of Beaumont, Tex., committed suicide by shooting him­ self in the head. Despondency over heavy losses sustained in the Sour lake oil fields is said to be the cause. An almost miraculous escape from death was that of William B$son, his wiie and child when a freight tumbled from the approach to the Chesapeake and Ohio bridge in Covington, Ky., and crushed their dwelling, a small frame structure. They ware thrown out on the street and only suffered slight bruises and cuts. Gov. Yates has appointed Judge Amos Miller of Hillsboro and Morris Bfcnerson of the Lincoln News-Herald as members of the voting machine commission. The last legislature passed a bill providing for the U9e of voting machines in Illinois, and it pro­ vided for the appointment of a com­ mission to be composed of three mem­ bers tp report on the machines to be Edward Hoff, 17 years old, was sen­ tenced tor five years to the Green Bay reformatory. He attempted to . wreck the Wisconsin Central limited at Albertville by placing ties across the track. Henry Wade Rogers, formerly presi­ dent of the Northwestern University, now dean of the Yale law school, de­ livered an address at the opening of the two hundred and third year of Yale University at New Haven Sept. 24. Major General Corbin, adjutant gen­ eral of the United States army, was tne guest jointly of former Senator Thomas H. Carter and the people of Helena, Mont., generally, as well as of the officers of the army stationed at Fort Harrison. A public reception was given to Gen. Corbin in the Montana cktb rooms. The state department received a telegram from United States Consul Hanna, at Monterey, Mex., reporting that yellow fever had broken out there. The commission recently appointed by President Roosevelt to Investigate charges against the administration at the Ellis island Immigration bureau has begun its work. * Augusta! Radcliffe Grote, a prom­ inent scientist, who had lived in the United States for forty years, is dead « in Berlin. He was the author of many scientific works and was formerly di­ rector of the Buffalo Academy of Nat­ ural Science. For the last fifteen jnpBra he has resided in Germany. " '.,- Rev. C. C. Albertson, formerly a prominent Indiana Methodist, has joined the Presbyterians. James Keller, who murdered A. C. Warren, keeper of a stage station at Derby, Wyo., was hanged at Landen, Vyo. > Oov. 8 R. Van Sant has maae a for- mil statement that he would not be a candidate for United States senator to •.fU»*-eed Senator Clapp. He adds that he lavors the election of senators by popular vote, that being impossible, , the next best thing is indorsement by ; tbe Republican state convention. * President Roosevelt will be unable £•:'/• to attend the northwestern sanger- ' vilest in Milwaukee in July, 1904. Robbers blew open the safe of the Baxter Spring.VMo,, postoffice and se cured $800 worth of postage stamps .|290 in money. fr ft * f: V iVf. .. Very Rev. John A. Shepard, vicar general of the Newark, N. J., diocese ind pastor of St. Michael's parish in Jersey City, has been notified by Bishop O'Connor that the pope has conferred on him the title of monslg- nore. Assistant Surgeon General H. D. Geddings of the public health and ma­ rine hospital service has been detail ed by the secretary of the treasury as delegate to the international san­ itary plague conference which is to convene in Paris Oct. 10. Judge. Gallatin Craig of the fourth judicial circuit of Missouri is believed to be dying at his home in Maryville, He enjoyed the distinction of being an exceedingly able jurist until a few months ago, when he was stricken with a nervous illness, from which he emerged with paresis. He is a mem­ ber of an old and wealthy family of Missouri. He is 48 years old. The Portugese government has de­ cided to establish a special police force at the Azores islands to prevent the secret emigration which has been proceeding for a considerable time, es pecially to the United States. The new Turkish cruiser named Ab­ dul Hamid was launched at Elswick on the Tyuri. It will carry twentyitwo quick-firing guns. Its length is 330 feet, beam 42 feet, draught 16 feet and displacement, 3,250 tons. Its speed is to be twenty-two knots. The steamer Warsaw has landed at Leith fourteen members of the crew of the Dutch steamer Sophie Annet, who, it was feared, has been drowned by the foundering of the steamer. The Warsaw tried to tow the Sophie Annet to Leith, but the latter sank. The marriage of Miss Ruth Bryan of Lincoln, Neb., and W. H. Leavitt of Newport will take place Saturday evening, Oct. 3, at 7:30 o'clock, at Fairview, the home of the bride's father, W. J. Bryan. Rev. Dr. Swear- ingen, pastor of the First Presbyteri­ an church of which Mr. Bryan is a member, probably will officiate. A milk corner is feared In Boston and the price may go to 10 cents a quart. James Keller, murderer of William Warren, an aged stock tender, was hanged in the jailyard at Lander, Wyo. The stern of the missing fishing steamer Beatrice bas washed ashore near Caffeys inlet. North Carolina coast. She had been missing since the big Atlantic coast storm. The Dominion government at Otta­ wa, Ont., has received reports from Lake Erie saying there is a great deal of illegal fishing going on. The rev­ enue boat Petre seized fifty-six Amer­ ican nets in Canadian waters. In discussing appendicitis before the Pennsylvania State Medical Society at Philadelphia Dr John B. Beaver, who has treated 560 cases in the last year, with only 5 per cent mortality, de­ clared the reason so many die is that the cases are neglected too long. Dr. Richard H. Gibbons of Scranton advo­ cated cutting out of all appendices, whether diseased or not. It was officially announced at St. Petersburg that the duty on cotton goods imported into Russia will not be lowered this year. The court of the Bank of England has declared the usual dividend of 5 per cent for the six months ended Aug. 31, leaving the amount at "rest" on that <hite $18,691,295. C. E. Von Hedemann, the governor of the Danish West Indies, who is now in Denmark, will not return to his post. He will be succeeded by Hjorth Lorentzjen, secretary of the finance department. McLean county's new $500,000 court­ house at Bloomington, 111., was dedi-" cated Sept. 24 with appropriate cere­ monies. The chief speech of the day was made by ex-Vice President Adlai E. Stevenson. The bar association gave a banquet at night, which was at­ tended by leading lawyers from all parts of Illinois. Elwood Mead, chief of the irrigation division of the department of agricul­ ture, has returned from a tour of In­ vestigation in Italy and other Euro­ pean countries. At a meeting of the New York Board of Trade and Transportation a resolution was unanimously adopted indorsing the proposed measure mak­ ing provision for the issue of $100,000,- 000 bonds for the improvement of the Erie, Oswego and Champlain canals, which is to Le submitted to the peo­ ple of the state at tbe November election. United States Senator Quarlest of Milwaukee was in Neenah, Wis., in connection with the draining of the thousands of acres of marsh land at the head of Lake Winnebago, for the construction of which an appropriation will be asked of congress. Charles Scott, president of the In­ terstate Missouri River Improvement and Levee association, has called a levee convention to meet in New Or­ leans Oct. 27. ^ f William Ronemus, a mine guard, who confessed to the killing of Patrick Sharpe, a striking miner, was ac­ quitted by a jury at Norristown Pa. A well-dressed man .supposed to be John Dunlavy of Philadelphia, was thrown from a transit car ia St. Lotlis and killed. The Shenango tin mill of Newcastle, Pa., the largest plant of the kind in the world, has closed down indef­ initely. Prof. Carl Eignemmann of Indiana university has gone to Cuba to Btudy blind fish. A verdict of guilty was rendered in Boston against J. M. Curley and J. F. Curley, both prominent in local poli­ tics, J. J. Hughes and B. J. Fahey, for conspiracy to defraud the United States Civil Service Commission by impersonating the other two defen­ dants at a civil service examination. United States Pension Commission­ er Ware expects to make a few speech­ es in Ohio this fall. Alfred Stewart, a wealthy negro farmer of Terre Haute, Ind., who dis­ appeared Sept. 3, Is now belleyed to have been murdered Frank Hammond of Topeka, Kan., and general foreman^-tSf the "iron bridge works of thaf Santa Fe road, was killed by a falV^t Elk Falls, Kan. George Von L. Meyer, United States ambassador to Rome, sailed for Eu- Executive of Mattoon Faces Trial on Charge of Mak. ? feasance In Offica f CITIZENS AID IN PROSECUTION Allegation Is Made That He Soon Broke His Pledgee and Permitted Gaming and Other Vices to Flourish In Wide-Open Fashion. of Porto Rico are in a most pltable 'condition. They are most loyal in their attachment to the United States and have made novprotests against the American rule lesfi> their action in this regard should be construed ap ^ ditt- loyajty to this country.? , v <, • 1 -- EX-8ENATOR FARWELL 18 Mattoon, HI., dispatch: Mattoon's reform mayor, Frances M. Menke, has been indicted upon twenty-nine counts charging him with malfeasance and misfeasance in office. At the same time the grand jury returned nineteen true bills against saloonkeepers, gamb­ lers and keepers of houses of ill re­ pute. The action came after a three weeks' session, during which evidence was presented by citizens who had be­ come incensed over the immoral state of conditions" existing in the city. Mayor Menke was arrested by Deputy Sheriff Pullen and taken be­ fore Judge Henley, who placed ,hls bond at $5,000. His attorney, B. H. Tivnen, protested against the amount of bail and it was reduced to $2,500. The mayor succeeded in giving bond. Is Elected by Reformers. A citizens' committee has employed mery Andrews, ex-state's attorney of Coles county, and James Vause, Jr., to assist State's Attorney Voigt in the prosecution, and the contest promises to be a vigorous one. Merchant-Politician of Chicago Ex­ pires at Hie Country Home. Former United States Senator Charles Benjamin Farwell, a resident of Chicago for more than half a. cen­ tury, and closely identified with the commercial development of the city for. nearly thirty years, died Sept. 23 in his eightieth year at his Lake For­ est country home. Heart failure, re­ sulting from the weakness of advanced ago and aggravated by the shock of the painful accident he met with ten days before was tl^e cause of Mr. Farwell's death. Though not unlooked for, the end came more suddenly than was expected. At his bedside when he passed away were his wife, Mrs. C. B, Farwell; a daughter, Mrs. Dudley Winston, and his sotf, Walter Ear- well, with his wife. MAY BE THE LOST^CHARLIE RO88 William Van Hodge of Galveston, Texas, Unaware of Parentage. Washington dispatch: CIttude J. Neis of this city .has a letter from William Van Hodge of Galveston, Texas, stating that he has been told by one who knew the Ross family that he looks very much like that fam­ ily, and Mr. Van Hodge thinks he may be the missing Charlie Ross. He was placed in an orphan asylum in New Orleans in 1874, the year the Rops child disappeared. Mr. Van Hodge states that he was placed in the asyl­ um in a mysterious manner and, des­ pite diligent inquiry, could never as- 8 8^ A 9> For he's got to keeD warm this Winter. PROM THE CI^VBUIB nutt SBmuh . nope on the steamer Tfn'qpr W-U&eli#- Mayor Menke is accused of enter­ ing into contracts with gaming houses, immonff places and Sunday saloons. The indictment is a result. Menke was nominated by the Repub­ licans and elected to office on his pledges made to the churches and the reform element that he would close up the gaming houses, make the twenty- four saloons in the city obey the Sun­ day and early closing laws, and drive out the houses of ill fame. The latter evil has appropriated that portion of the city in proximity to the Presbyter­ ian, Catholic, Baptist and Universalist churches and the Mattoon high school. Ousts Police Chief. For two weeks after Mayor Menke took" his seat the city was run almost on a blue-law plan, even the cigar wheels of the city being closed up. The second Sunday he changed his policy and allowed the saloons to open. Chief of Police Dennis Lyons re­ fused to carry out the instructions of the mayor and let the town be "wide open." The mayor removed him from office. A public mass meeting was held and the mayor was forced to place Mr. Lyons back at the head of the de­ partment. The chief then resigned. He was succeeded by Elmer Ramsey, a Big Four passenger brakeman, and a J brother-in-law to Alderman Haskell, a Democrat, yet one of the chief sup­ porters of Mayor Menke. Lee Henry, an attache of a gambling house, was appointed assistant chief of police. The churches and citizens then started a crusade, which resulted in the Indict­ ment. certain the names of his relatives nor wnere he came from. He was told that his name was William Van Hodge, but that was all. He is a well- to-do business man, is married and has a family. WEALTHY MAN WED8 8HOP GIRL Millionaire Thomas Breslln, Aged 69, Takes a Young Wife. „ Troy, N. Y., dispatch* Thomas Breslln, millionaire and former part owner of the Gilsey house, New York city, returned to his home at Water- ford and introduced Miss Helen Wat­ son of Bennington, Vt., as his bride. The groom is 69 years old and the bride 26. Miss Watson, who for sev­ eral months has been a trained-nurse in the Samaritan hospital in this city, was formerly employed in Mr. Bres- lin's knitting mill at Waterford. The romance is creating an unprecedented stir in local society circles, the Bres­ lln family being among the moat prom­ inent In the vicinity. EXAMINERS FOR NAVAL MILITIA STARVATION IN PORTO RICO People in Interior of the Island Can Barely Live by Fruit. New Orleans special: "The people of Porto Rico are practically in a starving condition," said George Rob­ inson of St. Louis, Just returned from the island. "Despite the report^fhat have been circulated regarding the al­ leged prosperity of Porto Rico it is a fact that were it not for the fruit the people In the interior of the island wculd be in a starving condition. It is a fact that many families do not taste bread once a week. The people Arraigned as a Rebel. Manila cablegram: Dominador Go­ mez, a former Spanish officer, await­ ing sentence upon the charge of main­ taining an illegal organization known as the Union Obrero, has been charged with rebellion and insurrection. Membership Board for Reserves le An* nounced in Springfield. Springfield, 111., special: Adjutant General Scott has announced the fol­ lowing examining board for the naval reserves of Illinois: W. P. Purdy, ex­ ecutive officer; L. C. Roberts, navigat­ ing officer; J. L. Foord, passed assis­ tant engineer; R. G. Turck, ordinance officer, and H. K. Gibson, assistant surgeon. The following appointments are also announced in the naval militia of Illinois: Herbert E. Mason, to be signal officer with the rank of lieu­ tenant; F. A. Hopkins, to be secre­ tary; W. A. Yersboal and David C. Guest to be aids. , Postmaster Kills Himself. Washington dispatch: The post- office department is advised that Henry Whitty, postmaster at Bandana, Ky., has committed suicide. The cause Is unknown. An inspector pro­ ceeded there immediately. Wilpert Papal Prothonotary. Rome cablegram: The Osservatore Romano announces that Moneignore Wilpert has been appointed papal pro­ thonotary, not, as published in Amer­ ica, papal secretary of state, which is a totally different office. Gold Ring on Cornstalk. New York dispatch: A farmer at Sound Beach, Conn., found upon pull­ ing up a corn stalk a heavy gold ring 4 encircling the stalk. it was identified as one lost in 1867. \ Restricts Fraternal Insurance. Indianapolis, Ind., special: The at­ torney general has given Auditor Her- rick an opinion in which he holds that fraternal associations cannot issue re­ serve fund insurance. The question has been before the insurance depart­ ment many times, as several of the fra­ ternal companies issue policies with all the features of the old line policies. Yellow Fever In Texas. Washington dispatch: Acting Adju­ tant General Hall has received a tele­ gram from General Grant, commanding the department of Texas, saying that a case of yellow fever Is reported at Laredo on the Rio Grande. Decides Against Parks. New York special: Justice Blanch* ard in the Supreme court denied the motion of Samuel Parks and Timothy McCarty, the walking delegates of the Housesmiths' and Brldgemen's union, for a change of venue. Prefers American College. New Haven, Conn., special: Alfred Mosley of London, known as a writer on economic subjects, has entered his two sons as freshmen in Yale univer­ sity in preference to sending them to Oxford or Cambridge. iHIP^ailOBEII PICTURE PUZZLES - - - vi iiJCSiy,-** l.x'v*" /.v.v v" . jM% • * * BBIS Where ia the Shack? JUDGE GRQSSGUP v • iminent Jurist Has Flatter­ ing Offer From Northern Securities Compariy. SEEKING BEST LE&AL TALENT Millionaires Who Are Fighting the Government Effort to Break Up the Great Railroad Combine Are Willing to 8pend Their Money Laviahly. Chicago, 111., special: Seeking the ablest jurists in the country to con­ duct its legal battle with the United States government, the Northern Se­ curities company is making a strong effort to enlist the services of Judge Peter S. Grosscup of the Federal court to argue its cause when the caae in­ volving the legality of the organiza­ tion is heard in the United States Su­ preme court this fall. Judge Grosscup's acceptance of the tempting offer made him Eft the mil­ lionaires behind the Northern Secur­ ities company is said by men closely in touch with his affairs to be prac­ tically certain. In the absence of the Judge from Chicago, Marshall E. Sampsell, one of his most intimate friends, said that the offer has been under consideration for some time, and that in all probability the Judge would accept. Offer Is Tempting. While the conditions of the offer made by the railroad magnates were not divulged, it is admitted that they were "flattering." The only barrier to Judge Grosscup's immediate accept­ ance, his friends say, lay in his desire to bring the local traction fight to a successful issue. On this account Judge Grosscup is loath to leave the Federal bench just at this time. Already some of the ablest law­ yers in the country have taken part in the legal battle the Northern Securi­ ties company is waging against the United States government. To the men who are fighting the government's attempt to break up this railroad com­ bine money is no object, and the fee offered to secure the services of Judge Grosscup, who is recognized as one of the foremost authorities on anti-trust legislation in the country, is said to be unusually large. Great Array of Lawyers. The government has been repre­ sented in the prosecution by Attor­ ney General Knox, his assistants, Jas. M. Beck and William A. Day, and Special Counsel David T. Watson and John M. Freeman. The principal ar­ gument was made by Mr. Watson, who is now representing the American boundary case in London. The defendant corporations and stockholders employed men of equal note. One of the leading counsel for the defense was C. W. Bunn, son of Judge Romanzo Bunn of the Wiscon­ sin Federal bench. Among the other legal aids for the defense were former Attorney General J. W. Griggs, Fran­ cis L. Stetson, David Willcox George B. Young and M. D. Grover. Notwithstanding this array of skilled attorneys, the defense lost its fight in the St. Paul court last April. The case was then appealed to the Sut preme court, and It has been advanced for hearing at an early date. Rulings Are 8ound. Judge Grosscup has gained national Gets $7,500 for Injuries. Mexico, Mo., special: Engineer M. C. Page's big suit against the Chica­ go & Alton Railway company has been compromised for $7,500. The engi­ neer sued for $50,000 for injuries re­ ceived by explosion of a boiler. Postoffice l», Robbed, ffsrriman, Tenn., dispatch: The store of Dennis Bros., including the postoffice, at Pilot Mountain, was robbed and burned. There le no clew to the perpetrators!. * 8econd Landslide at Frank. Nelson, B. C., special: Passengers arriving over the Crow's Nest report that another immense slide occurred Tuesday morning at Turtle Mountain, near Frank, Alberta, 1 Saya Wife Whipped Him. Edwardsville, 111., dispatch: Jritn Bast, aged 80 years, has brought suit for divorce from his 44-year-old wife, whom he charges with beating him in- aible with a blacksnake whip and with breaking two of his ribs. Boy is Scalded to Death*, Bettevllle, 111., special: Walter le- eelhardt, the 7-year-old son of John l8selhardt, a prominent farmer, fell into a kettle of boiling apple butter aad was soalded to death. .. X ' . fame by his rulings in important cases. Not the least of these was his recent opinion to the effect that the local heef trust was a combination in restraint of trade. An appeal was taken by the packers from his in- junctional order in that case. General attention was attracted about ten years ago by Judge Gross­ cup's decision on the application of the government to close the Chicago World's fair on Sundays. Though he dissented from the opinion of two Cir­ cuit court judges, his ruling was after­ ward sustained by the Circuit Court of Appeals, with Justice Fuller pro- siding. Another widely known deci­ sion was that given by Judge Gross­ cup and the late Judge W. A. Woods Jointly In the Debs riot case. The opinion in that case is often quoted as an authority on the powers- of court? of equity. Close Friend of Presidents. Judge Grosscup is Just past the half-century mark, having been born Feb. 15, 1852. He has been a close friend of several presidents of the United States. While taking no ac­ tive part in politics, be was mentioned a few months ago as a'likely candi­ date for vice president on the Repub­ lican ticket. Besides this, he has been mentioned occasionally as a probable appointee for the Supreme bench. While his present position pays only $7,500 annually, the honor of the of­ fice Is said to count for much with the judge. GRAND ARMY MEN ARe BARRED Action of Lutheran Preacher at Funei^ al Causes Criticism. Neenah, Wis., special: A sensation has been caused in local G. A. R. circles over a ruling of Rev. Albert Froehlke which barred G. A. R. men in uniform from attending the funeral services of Ferdinand Sauer in the German Luthern fchurch. Mr. Froe­ hlke says that hH action was merely enforcing the rules-of the church. Mr. Sauer was a prominent G. A. R. man and before his death selected members from the local post to act as pall bearers. As a result of the ruling none of the old -soldiers attended the fu­ neral. When brought Into the church the casket was draped with an Amer­ ican flag and the pastor ordered this removed. His action has caused much criticism in Neenah. BIG FLOUR MILL8 SHUT DOWN Strike Completely Ties Up Principal Industry of Mlnneapolia. Minneapolis, Minn., dispatch: 'All the Minneapolis flouring mills were closed indefinitely at midnight. At that hour all the men quit work except a few who remained a few minutes to allow the rolls to run clean. There was no violence or disorder of any sort. Most of the mills have notices posted to the effect that the time of all the men who quite work will be ready for them and that all men who do not report for duty can consider themselves discharged. The strike Involves about 1,700 men. DANVILLE RIOTERS PAY FINE8 Two Young Men Admit Their Guilt and Settle Up. Danville, 111., dispatch: Harry Van Gunder and Sherman Cundiff, two yqung men indicted for participation In the rioting at the county jail on July 25, pleaded guilty be­ fore Judge M. W. Thompson and were fined $200 each, which they paid. Van Gunder is an electrician and Cundiff is a farmer boy living near Catlin, The latter was shot in the foot by Sheriff Whitlock. Canal Beef Poisons Four. Lacrosse, Wis., special: Mrs. Mary Russ, Mrs". George Williams and two others were taken violently ill as the result of eating canned beef. All have recovered except Mrs. Russ, who is still in a serious condition. 8wlndler Gets Long Term. Boston dispatch: Judge Sherman has sentenced Edward A. Cranston, charged with forgery and swindling, to not more than fifteen nor lees than ten years in state prison. SHI STSRTLE5 IS® Secretary of Treasury Orders! f i Resumption of Refunding r Operation • * - UPSETS THE CORNER IK BONOS Haa $80,000,000 «t Hie Command With Which to Relieve Any Stringency That May Occur in the Financial Field--Funde to Move, Crope. Fears for British Steamer. Valparaiso, Chili, cable: Fears are expressed for the safety of the British steamer Laurel Branch, which, Aug. 20 started from Valparaiao for Europe and has not reported thus far at Punta Arenas. Lumber la Deatroyed. WMrse, Wis., dispatch: Fire carmetf a loss of $300,000. The sawmill, store and 6,000.000 feet of lumber belonging to F. B. Chase were destroyed. TIM origin of the fire is a mystery. Washington dispatch: Secretary Shaw took the financial world by sup- prise and frustrated the plans of Wall street brokers who have been engaged In forcing up the price of 2 per cent bonds, and who are responsible for the banks retiring a large amount Of ciis culation, thus making money scarce and increasing the interest rates. Without warning Secretary Shaw announced that ue had decided to ro- sume refunding operations for the purpose of preventing financial stria- gency arid to furnish a supply of car- rency which will enable the commer­ cial world to secure money at reason­ able rat«8 to carrv on business opera-1' tlons. Owing to the scarcity of 2 per cent bonds, both for circulation and the security of the government depos­ its, he will resume refunding opera tlons to the extent cf $20,000,000 and he will redeem the 5 per cent bonds maturing Feb. 1, 1904, paying the In­ terest to maturity. Increases Circulation. The effect of this action will be to place in circulation about $40,000,000, which, in the opinion of treasury offi­ cials, will prevent money stringency during the crop moving season. The total value of the 5 per cent bonds In the hands of owners is approximately $20,000,000, and this, together with the refunding of $20,000,000 in 2 per cents, brings the total to $40,000,000. Secre­ tary Shaw already has created a fund of $40,000,000 from the Internal reve­ nue receipts to be placed in govern­ ment depositories If there are signs of a money squeeze. Therefore, when these bonds are redeemed, $80,000,000 will be put In circulation, which will . make money easy and keep interest charges within reasonable bounds. If more funds are needed for this pur­ pose the administration will provide them. Breaka Up Bond Corner. It was leaded that certain brokers In New York and other large cities have been making contracts with some banks for the delivery of 2 per cent bonds. In order to deliver these bonds the banks retired some of their circulation, which action was partic­ ularly objectionable at this time, when there is a strong demand for money. The decision to refund will frustrate the plans of the brokers, and will eith­ er decrease the price of 2 per cents, which are abnormally high because of the strong demand for them, or in­ crease the price of 3 and 4 per cents, which are low. It is quite probable the effect will be to reduce the price of 2 per cents. Another reason is the wholesome effect it will have on the commercial and industrial world. It'is feared if money should become scarce and a consequent rise in inter­ est rates follow, this would have a disastrous effect on the business world and cause a partial cessation of build­ ing operations and the postponement of the inauguration of new enter­ prises. Security for Circulation. Of the total issue of $517,000,000 2 per cent bonds, the treasurer already holds for circulation and for deposits $480,000,000. Formal instructions to several subtreasuries authorizing them to redeem the bonds on presen­ tation have been Issued. The banks that have had on file with the treas­ urer for thirty dayB or more tbe S per cent bonds as security for public deposits will be permitted to substi­ tute approved state and municipal bonds therefor, which will be accepted at 75 per cent of their par value. LATE8T CASH MARKET REPORT WHEAT. Chicago--No. 3 red, 81 ̂ 4c. New York--No. 2 red. 88c. St. Louis--No. 2 red, 81Hc. Kansas City--No. 2. 73@76c. Milwaukee--No. 1 northern, 99*1 Ma. Minneapolis--No. 1 northern. Dulutb--No. 1 northern. CORN. Chicago--No. 2, 51%?i52c. New York--No. 2, 5!)%c. St. Louis--No. 2, 47V4c. Kansas City--No. 2 mixed, Peorlfi--No. S. 50%c. OATS. Chlcajro--Standard. 3ic. New York--No. 2. 39c. St. Louis-- No. 2 white. 40£c. Kanrft City--No. 2 white. CATTLK. Chicago-- St. Louis--$2."5<y6.50. Kansas City--J2.25@5.60. HOGS. - Chicago--J5. £0. £t. Louis--$4.5trf}f6.15. Kansas City--?3.25©«. «hk::p and TJUfm Chicago--$2.7505.85. ^ St. Louis--$3@5.50. Kanvw City--J2.50@5.20. Oil Fields Afire. Sour Lake, Tex., dispatch: caused damage of upward of $20g^fl|^ in the famous Shoestring districVTKif most valuable part of this oil field. The blaze was caused by/the careless­ ness of a boy who was flring ja holler. Street'Car Men Get Raise. Newark, N. J., special: The Pub­ lic Service corporation has signed an agreement with its employes provid­ ing for a uniform wage rate of 28 cents an hour for motormen and con­ ductors, an increase of 3 cents. Cattle Embargo Taken Off.i London cable: The board of agri­ culture has issued an order withdraw­ ing the prohibition on the lauding of animals other than swine brought to Great Britain from the New England states. Mrs. Jefferson Davis Is III. Bwffalo dispatch: Mrs. Jefferson Davis Is ill at Castle Inn, this city, where she has been a guest. She has been suffering from Indigestion, but H reported as'much improved. :.&Mz mailto:J2.25@5.60 mailto:3@5.50 mailto:J2.50@5.20