Crawfordsville Daily Journal, Crawfordsville, Montgomery County, 22 July 1893 — Page 1

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VOL. VII—NO. 250. ORAWFORDSVILLE, INDIANA, SATURDAY JULY 22.1893.

STOOD TIE SUtlN.

Banks Throughout tho Country Generally In Qood Condition.

THE. TRADE SITUATION REVIEWED.

Collapse of tho Commercial Ba ok at Mil* waukee—Improvement at Denver —The Treasury Buys Silver at Seventy Cents.

WEEKLY TRADE REVIEW.

NEW YORK, July 22.—R. G. Dun fe Co.'s weekly review of trade says: "This week the country has withstood surprisingly well an extraordinary strain. The failure of many banks and firms have come despite the relaxation In eastern and In some southern and western monoy markets. Denver banks were overthrown largely by the orazy actions of the people, but In most oltles statements show the banks In a healthy oondltlon, and there has since boon noticed more readiness to extend accommodation. Under all the conditions It Is astonishing that business has been so well maintained with so little evidence of unsoundness. "The stagnation In iron has closed some mag* notlte mines In this state and .New Jersey and most of the mines In Michigan. Coke Is moving downward, pig Iron Is Inactive, and though dealings In bar and structural projeote are somewhat larger prloes are the lowest ever known. '•Wheat has (alien 2 cents, corn 1 cent Pork products and oil are lower. In place of the expected advanoe In sugar a decline has oome and cotton, after some advance, recedes again. .Western receipts of wheat are moderate and exports fairly large, but unprecedented stocks press for sale. The stock market closed last week hopefully, but by Wednesday had reaohed the lowest average of prices since 1884. London and uhort sellers then bought and some recovery has followed. "At Philadelphia banks are holding curroncy and strengthening themselves. An easier feeling prevails at Pittsburgh In Iron. The Clnolnnutl money market Is easier and Cleveland reports grocery trade good, but Iron, wholly lnaotive. Toronto notes better feeling, Indianapolis no Improvement but banks in strong position, and Detroit a quiet business with the outlook not very cheerful. "At Milwaukee the closing of some manufactures and reduction of wagss in others and the failure of the great iron syndicate are notiocd. At St Paul trade is restrloted at Minneapolis lumber sales are reduced and sales of flour below tho output Omaha trade Is good and St Joseph fair. Receipts of cattle are light at Kansas City. Denver trade is demoralized, but now more hopeful, and many reported assignments are regarded as a measuro o* protection. St Louis reports business good in volume and character, but trade checked by closeness of money, banks fortifying themselves. "The treasury has been paying gold to the banks, but on the whole lnoreaslng Its holdings. Exports of products are a little larger than a year ago, but Imports also large. "The failures during the past week number 407 In the United States, against 168 last year, and twenty-live In Canada against nineteen, two of the failures exceeding 8603,000 and 101 others exceeding 15,000 eaoh. Last woek tho failures in the United States numbered 871."

A Mtlwnukpa Bank Assigns. MILWAUKEE, Wis., July 22.—The Commercial bank has made a voluntary assignment. The assignee named in the papers filed is A. B. Geilfuss, the cashier of the bank, and his bond is placed at II,700,000. The entire fund of Milwaukee oounty, amounting to 13)0,624, was deposited in the Commercial bunk. Another big depositor was tho newly-organized Milwaukee Electric Railway company, to the extent of 1200,000. The last statement of the bank showed demand deposits amounting to 1587,748 and time deposits 1528,919. The bank had a capital of $250,000.

The liabilities of the bank are estimated at about 11,500,000 and the assets at about 11.700,000.

The assignment is due in a great measure to tho bank's inability to collect on outstanding paper, of which it held 1419,000 worth, due from prominent Milwaukee firms, but principally, it is said, from the Schleisinger syndicate. This money, although the notes are from sixty to ninety days overdue, the bank was unable to collect. It is not believed that this failure will have any effect on any other banks in the city, arid there are no runs being made.

The failure of the Sharpsville and Douglas furnaces at Sharpsville, Pa., was a bad blow for the bank. It holds 1180,000 in storage and warrants, which were made worthless for the time being at least by a sheriff's attachment on the piglron. It is said that if the bank can get this pigiron, it will be able to straighten out its affairs in a short time.

Held the County Funds.

The news of the failure causod a sensation in the courthouse, as it is in this bank that the county funds were deposited. The county has some $300,000 to its credit there, and the county treasurer was unable to pay county orders, not having any cash on hand. The county is secured by bondsmen, who signed for the bank, but it may be that these bondsmen will prove insolvent at the rate tilings are moving'at present.

HUH lleavy Liabilities.

Henry M. Benjamin, one of the largest wood and coal dealers in this city, confessed judgment for $78,804 in favor of his wife, Matilda Benjamin. The total liabilities amount to about $243,000. It is claimed that if the Commercial bank could have sustained itself the present condition of Benjamin's affairs would not have been made necessary.

Praise for Comptroller Kekels. WASHINGTON, July 22.—Comptroller Eckels is getting more encomiums than any officer of the government. His dispatch to the Denver banks, coupled with the declaration that it embodies his general policy, is pronounced by bankers and business men a master stroke. Mr. Eckels takes his new honors modestly, saying he was not seeking public approbation so much as he was endeavoring to encourage and strengthen honestly conducted banks and to arrest the needless fright which is now making the people panicky

Improvement at Denver.

DENVER, Col., July 22.—Confidence in the Denver banks and commercial houses is being restored. There have been no suspensions of magnitude for two days and there will be no more. Times will probably be hard here until congress meets and if silver then receives fair treatment it will not take long to place Denver and Colorado far In advance of where they were when this trouble cainc.

The Hallack-Sayers-Newton Lumber

company, which assigned Wednesday with assets at 1000,000, resumed business, and the Flanders Dry-Goods company, which closed for $200,000, opened Its doors Friday.

The merchants and bankers have issued a card to the public in which they declare their faith in Colorado's future, and that the present trouble is but temporary. The regret the violent utterances recently made by excited individuals and declare that these do not represent the people of this city or state. They conclude by declaring for free coinage of silver, and ask all members of congress to aid them in securing this at the coming extra session.

A farmer Falls.

CHARLESTON, 111., July 22.—The first failure in Coles county was that of Joshua Johns, a big land owner in Hutton township. Thursday and Friday judgments were taken against him for nearly $10,000, $8,500 being in favor of the three banks of this city. His lia/bllities will reach $17,000, with assets of possibly $20,000. Though money is close here there are no fears of a run on the banks.

Resumption In California.

SAN BEIINARDI.NO, CaL, July 22.— James H. Eokels, comptroller of currency, has authorized the First national bank to reopen, which it did at 10 a. m. The bank has a large amount of capital on hand, more than enough to pay every possible demand. It is said the Farmers' exchange 'bank will also open in a short time.

Lowest I'rlce for Silver.

WASHINGTON, July 22.—In purchasing silvei bullion Friday at seventy cents per ounce the treasury department paid a lower price than it has ever paid for the commodity. The highest price paid for silver bullion under the Sherman law was $1.29 per ounce.

Grumble About the Gold.

NEW YORK, July 22.—Bunk presidents report that the situation is fairly easy, with some shipments of currency to St. Louis, Denver and Kansas City. The sub-treasury was debtor at the clearing house Friday $1,390,000, and it paid $1,375,000 of that in gold, all in double eagles. In addition to that some of the debtor banks paid their balances in gold, so that more than 11,7(0,000 in gold had to be distributed by the clearing house among the creditor banks. There is considerable dissatisfaction among the banks at the action of the sub-treasury in paying in gold. One prominent bank president, speaking the views of several of them on this subject, said: "I do not know what l» the object of this obstructive policy of the treasury officials, but whatever ltts It Is an exceedingly Inconvenient ene for tho banks. Why the treasury in conducting their business with the banks should muke It as inconvenient as possible for tho banks is to me incomprehensible. If the government must pay out gold to tho banks, why cannot they pay out pieces and 12.60 pieces, of which they have plenty, Instead of double eagles, which we oannot use. The gold coin of the smaller denominations we could use in making up oash for pay rolls, but we cannot use the 120 gold pieces for that purpose, and they are, therefore, praotlcally not available for every day ordinary use. I do not know what action the banks will take In this matter, but I think they will probably present a very strong protest to the secretary of the treasury against the continuance of the practice complained of.

THE BRADSHAW MURDER.

Latest Developments Prove the Truth of the Claim That II? Was Killed by a Mob.

QUINCV, 111., July 22.—Complete de tails of the murder of S. P. Bradshaw at Kingston, this county, Wednesday night, confirmed the first report that the murder was committed by white caps. llrudshaw was paying too much attention to Mrs. A. C. Brecken ridge, and their intimacy had scandalized the. little village. Wednesday night he was at Mrs. Ilreckenridge's house, and about 11 o'clock went out to see to the horses. As he stepped on the porch to reenter the house eight or ten men entered the yard. Their faces and handB were blackened with shoe polish and they carried guns and revolvers. Bradshaw did not fire on them, as was first reported, but sprang for the door. itst as he got in the door\#ry the mob opened fire. Half a dozen shots were fired and one of them struck Bradshaw in the breast, producing death in a few minutes. The mob immediately dispersed. The authorities are making a rigid investigation and some arrests are expected.

Russia to Aid France,

PARIS, July 22.—The statement is published that Baron Molirenheim, the Russian ambassador to France, officially informed the French government prior to the session of the chamber of deputies on Tuesday last, when M. Develle, the foreign minister, defined France's position in the Franco-Siamese dispute, that Russia would support France on all the points involved in the Siamese difficulty. It is further said that the Russian fleet in Chinese waters is under orders to proceed to the gulf of Siam for the purposes of supporting the French and of protecting the French residents in Siam.

Death of Gen. Rawlins' Father. GALENA, 111., July 22.—James D. Rawlins, the father of Gen. John A. Rawlins, died here Friday at the age of 92. He was a native of Kentucky and settled here in 1827, and was supposed to be the oldest surviving settler of northern Illinois. He fought in the Winnebago war of 1828 and the Blackhawk war of 1832. He had eight sons, of whom John A. Rawlins became famous by his association with Gen. Grant. Another son, William. Is a lawyer in Chicago.

Got Away with Thousands. LIMA, O., July 22.—The flight of E. L. (iunn, the insurance and loan agent, has been the cause of a great sensation. It has been found that he has defrauded various people here of not less than $15,000. The Hartford School Fund Loan company, of which he was the agent, will lose at least $35,000,

Killed by a Chinaman.

ST. PAUL, Minn., July 22.—M. Invancovich, a prominent business man of Anaconda, Mont., was fatally assaulted by a Chinaman with a hatchet early Friday morning, having admitted the celestial to his house. The assailant •scaped. Mis motive is unknown.

THEY SHUT DOWN.

A Buvich of Dispatches Inclined to Cause Uneasiness.

RATHER SERIOUS STATE OF AFFAIRS.

Big Mills and Factories in Various Sections of the Country Are Closing Down, Throwing Thousands

Out of Work.

MIXERS HUNTING WORK.

OMAHA, Neb., July 22.—The first band of miners from Colorado hunting for work and who were given a free ride to this city on a freight train arrived during the morning. They say thousands will follow. They are scattering for the harvest-fields and iron mines of the north and for Chicago.

Big Mills to Close.

MILTON MILLS, N. H., July 22.—The agent of the Waumbeck company has issued orders for closing the mills here for six months, as soon as the goods now in process of manufacture are finished. The reason assigned for this action is a lack of order,, except at ruinous prices. This is the first time in the history of this company that work has been ordered to cease on account of the condition of markets, and the result of the present action will be a serious blow to many employes who are dependent upon their earnings in these mills for support.

PORTLAND, Me., July 22.—At a directors' meeting Thursday it was decided to shut down the mills of the Westbrook Manufacturing company, makers of ginghams, from July 20 to September 4. The monthly pay-roll Is 120,000. There are three reasons that unite to cause the shutting down. The goods now being manufactured cannot be sold until October, and no money can be realized on them until next spring. It is not deemed advisable to pile up goods. The mill has been in operation thirty years without a shut-down, and some repairs are necessary.

Many Others to Close.

NEW YORK, July 22.—The effect of tho proposed closing of the large Amoskeag cotton plant in Manchester, N. 11., during the month of August has been generally overestimated, in the opinion of many of the leading cotton merchants of this city. It is regarded as probable that many other mills in New England, such as the Manchester mills, the Pembroke, Webster, and China mills and the York Manufacturing company of Saco will shut dowu, but nevertheless the situation is not considered an alarming one by the NewYork merchants.

Iron Mines and Fount rle« Shut Down. PLATTSBUIIB, N. Y., .July 22.—The Chateaugay Ore A Iron company,whose mines and iron foundries are located at Lyon Mountain, closed down Thursday, as also did tho Crown I'oint Iron company mines and iron makers at Crown Point. The cause given is dullness in the iron trade. About 1,000 men are thrown out of employment. The principal stockholders of both companies are New Yorkers.

Shirt and Corset Factories Idle. NORWAI.K, Conn., July 22.—Norwalk manufacturers are experiencing the dullest season they have ever known. Hutchinson, Cole & Co., shirt manufacturers, have been shut down three weeks. Roth & Goldsmith, corset manufacturers employing nearly 500 operatives. one of the largest concerns of the kind in this country, are idle. Several hat shops employing hundreds of men and women are doing practically nothing, and the Norwalk Lock company has laid off 100 men indefinitely because of dullness in trade. Business men say that although they are selling some goods collections are deplorably poor.

Railway Shops Stop.

WAUKESHA, Wis., July 22.—Superintendent McNaughton has caused to be bulletined at the Wisconsin Central locomotive repair shops an order closing down all departments for the current month. At least 200 men are thrown out of employment, only those necessary to do temporary repairing being retained.

A Rift In tho Clouds*

WAUKEGAN, 111.. July 22.—Two more new factories have been located at South Waukegan. One is the Chicago Double-Headed Safety Match company, which will manufacture an improved match %vithout phosphorous that cannot be injured by water. Work on its building will begin within thirty days. The main structure will be 60 by 150 feet of brick. E. D. Nix, of Oklahoma, is president of the company. D. S. McKay is treasurer and manager. The second factory will be the H. W. Johns asbestus paint factory, which will erect brick buildings and employ 250 men at the start The Lanyon zinc works and Morrow Brothers' works are being enlarged.

Bay View Holllng Mills Closing Dowu. MILWAUKEE, July 22.—The Bay View rolling mills of the Illinois Steel company, which were recently started up at nearly their full capacity, are gradully being closed again, and at the present time not more than half the plant is in operation. Manager Ilinton said to-day that the shutting down of the mills was owing to the exceedingly dull condition of everything in these times.

Two Hundred Thrown Out of Work. MATTOON, 111., July 28.—The Peoria, Decatur & Evansville railroad has closed its machine shops at this place, throwing about 200 n^n out of employment. It is stated by the officials that inability on the part of the company to borrow money was the cause.

Must Work, Anyway.

BENVILLE, Minn., July 22.—M. J. Dowling, editor of the Star, a man with neither legs or hands, was arrested Friday by order of the village council for not working out his poll-tax. Prospects are good for a heavy damage suit.

Iron Works Burned.

MILWAUKEE, July 22.—The South Milwaukee malleable iron works at South Milwaukee were destroyed by fire Friday evening. The damage is estimated at about $25,000. The plant was fur.y insured.

IN COLD BLOOD.

A Dispute Over Money Causes a Tragedy at Metropolis, ni.

THE DEED OF RICHARD SHOEMAKER.

He Kills George and Richard Lukens* Wounds Their Father and Then Takes His Own Life—Cause of the Tragedy.

KILLED TWO AND HIMSELF. METROPOLIS, 111., July 22.—Three men lie dead in this eity and three homes are made desolate by the act of one of the three dead men. Friday evening about 6:30 o'clock Richard Shoemaker, after repeatedly passing the home of Richard Lukens, Jr., halted at the gale and, drawing two revolvers from his pockets, opened fire on the Lukens brothers—George and Richard—who were in the yard. First saying to George: "Tuke back what you have said about me," he sent a ball crashing into his brain. Richard, seeing his brother fall, turned and ran toward his house, but before he reached shelter the spiteful crash of the revolver rang out and the shot penetrated the young man's head, bringing him to the earth with his babe in his arms. The father of the dying boys coming up received a shot in the thigh.

Killed Himself.

Shoemaker then turned and sent a bullet into Richard's heart and another into the quivering body. He then turned and walked away, but, escape being impossible, after walking a couple of blocks he sat down and shot himself In the abdomen, producing instant death.

Cause of the Trouble.

The trouble grew out of an estate of Mrs. Richard Lukens, Jr., Shoemaker being her stepfather and guardian. Suit in court and inability to pay Mrs. Lukens the monej' due her —several thousand dollars—made him morose and bitter against the Lukens boj-s, two peaceable, inoffensive young carpenters and builders. Recently a piano in Mrs. Lukens' possession was sold by Shoemaker and on its removal some warm words and threats were exchanged.

Shoemaker had been preparing himself all day. lie showed a bag of cartridges during the evening and asked if they would kill a man. Both the Lukens boys were carpenters and con-, tractors, inoffensive young men and without another enemy than the man who foully murdered them. Had Shoemaker not killed himself he would have been mobbed within the hour.

TURNERS GATHER.

Thousands from AU Parts of the Conntry Are In Milwaukee to Attend the Triennial Fest.

MILWAUKEE, Wis., July 22.—Turner societies from all over the country"are arriving in Milwaukee to attend the triennial turnfest The visitors as they arrived were met at the depot by local turners and bands of music and escorted to the WeBt Side Turn hall, where informal receptions were held. The active turners were assigned to the barracks at Athletic park, where the exercises will be held. Tho camping ground in which the 8,000 active turners will live for five days and in which they will strive for prizes extends from Third to Eighth streets and from Chambers street to Burleigh street. The men will eat, drink and sleep there and be independent of hotels. The barracks are extensive affairs, some of them containing 400 bunks. They are lighted with electric lights. The dining-room is arranged so that 9,000 meals can be served there each day.

Friday evening the active turners .marched from the barracks to the Exposition building, where the first formal exercises incident to the bundefest were held. The festival march composed for the occasion by Director Bach was rendered and there was a series of tableaux.

Then followed addresses of weleomt by Judge Wallber, Mayor Kooh ac4 Gov. Peok. The bundersprechcr, Henry Braun, responded on behalf of the visiting turners. The fest was then formally declared open and the "Festlied," composed by Max llcmpel, was sung by all the, turners and singing sections, with orchestral accompaniment

Baseball.

National league games on Friday: At Chicago—Chicago, 12 Pittsburgh, P. At Philadelphia Philadelphia, 90, Washington, 4. At Boston—Boston, 5 New York, 4. At Louisville —Cleveand, 11 Louisville, 9. At Brooklyn— Brooklyn, 9 Blatimnre, 8. At St. Louis —St Louis, 10 Cincinnati, 10 (game called at end of tenth inning because of darkness.)

Craaed by the Heat.

MASCO UTAH, 111., July 88.—John Neumier, a young St Clair county farmer, was overcome by heat Friday and was found running around in a field, wildly insane. After a desperate struggle he was overpowered and taken to an asylum.

M. B. Curtis' Third Trial for Murder. SAN FRANCISCO, July 22.—The case of M. B. Curtis, charged with killing Police Officer Grant, was called for trial in the superior court Thursday morning. By mutual consent the case was continued 'til July 31. This will be Curtis' third trial

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INDIANA NEWS.

Telegrams of General Interest for Hoosler State Readers. Judge Gillette Aroused.

VALPARAISO, Ind., July 22. —Judge J. li. Gillette, of the Thirty-first circuit court, Friday sent a letter to Gov. Matthews in regard to the prize lights of the Columbian Athletic club at Uoby. He recounts the efforts so far made by Gov. Matthews and continues: "1 assume, without argument, that desperate contests with gloves between Individuals for a prize or reward offered is prize-flglulng, and that If such a conical takes place without a prize offered It is an assault auu batiery. Two fights have occurred at Hoby at wlifch there have been no arrests and no prosecutions. I shall give my grand iury most forcible instructions, and confidently expect your cooperation In providing funds for the extradition of the Indicted persons. But something must be done In the meantime. The club id constanUy violating the law that would make a public nuisance of the place it occupies. Ills important that Individuals coanected with any fights upon the association grounds should be vigorously prosecuted. The sheriff will not make arrests and no one can bo found to make the affidavits necessary. The county of Luke is a unit in discountenancing the assoclallcn. The club which is engaged in a constant vloiutlon of law Is a creature of the state, dependent upon it for its corporate life. This ought to give the state some control overit, and it does."

Judge Gillett calls the governor's attention to the fact that the attorney general must move in the matter if the governor instructs him. The judge said that under no circumstances would the proposed Corbett-Mitehell light lie allowed to take place. "1 shall act in the matter," he said, "with or without the cooperation of the governor."

A Terrible Accident.

MUNCIK, Ind., July 22.—E. W. Teagardener and Ollie Rhoades. each aged about 20, residing near Winchester, came to Muncie Friday to see the Forepaugh circus. They took a ltig Four freight train for home in the evening, and when about 2 miles cast of Muncie they were invited by the brakeman to climb on top. Teagardener lost his hold on top of the car and fell. His clothes caught on a bracc at the end of the break rod and held him. His head dropped to the truck, and when the train was stopped his head had been beaten oft on the ties.

Important Witnesses M1HKIII£. RICHMOND, Ind., July 22. —Important facts came to light, Friday with regard to the murder of Matthias Rears liy Mrs. Jennie Boone. When the coroner came to hold the inquest two very important witnesses—Frank Crossley and Harry Stobough, both of whom were with Rears when he was shot—were found to be missing. Their absence makes a bad break in the evidence. One witness testified that there was a man in Mrs. Boone's house when she shot Hears, which, if true, overthrows the testimony of Mrs. Boone and makes mutters still more complicated.

Soldiers In Cauip.

TERRK HAUTE, Ind., July 22.—The Indiana militia went into camp at "Camp Matthews" Friday morning, 2,300 strong, Brig. Gen. McKee, of Indianapolis, in command. The location is a beautiful one, being in Park Resort on the banks of a stream with many ravines and hill tops. The camp proper is on an island. A public reception will be tendered to Gov. Matthews Monday and he will review th« troops Tuesday.

Klkhart Strkck Hard.

ELKIIART, Ind., July 22.—This place, which is widely known for its manufactories, has been struck hard by the financial stringency, and nearly ail its establishments of that character,including the large Lake Shore Jk Michigan Southern shops, are running with greatly reduced forces awaiting the return of better times. The banks are all thought to be sound and no trouble is anticipated in that quarter, but not a dollar can be borrowed of any of them.

Indiana Kdltors at the Fair. INDIANAPOLIS, Ind., July 22.—Instead of holding its annual summer meeting at Warsaw Lake, as has been customary, the Indiana Republican Editorial association this year will meet at the world's fair. The Indiana state building has been placed at the disposal of the editors, and on Tuesday, July 25, the first public meeting of the association for this session will be held therein.

llorse with Hydrophobia.

MUNCIK, Ind., July 22.—A few weeks ago a mad dog created great excitement at Albany. It bit several hogs, some ca lie and a horse. Friday Dr. Botkin. a veterinary surgeon, was called to see the horse, which belonged to George Ilitchings, and it was found to have a well-developed case of hydrophobia, with the snappish actions of the dog.

Shot and Robbed a Farmer's Wife. ST. PAUL, Minn., July 22.—Early Friday morning the wife of a farmer named Vauerchek, living near Rutledge, was held up by two masked men and robbed of $400. They shot and slightly wounded her and shot at her son. The robbers are hemmed in the woods by a posse of enraged farmers.

Fire at Peoria.

PEORIA, 111., July 82.—Early Friday evening there was a destructive flru in the factory of the Peoria Lounge and Mattress oompany. The flames are presumed to 1iave originated from spontaneous combustion, and fully $12,ooo damage was done.