Indianapolis Journal, Indianapolis, Marion County, 15 May 1884 — Page 3

NO BUSINESS TROUBLE HERE The Effect of the Financial Flurry in New York Upon Indianapolis. AH the Local Banks Sound and Pursuing a Conservative Business —\o Cause for Alarm at Home. Reporters for the Journal had conversations yesterday with representative hankers and business men of the city, respecting the probable es feet of the financial spasm in New York upon affairs here. The results are given below: Views of Bankers* Ingram Fletcher, of Fletcher & Sharpe —There is no question but the New York financial flurry is due to stock speculation. Ido not see that it can materially affect Indianapolis, because this city has not speculated in these things. We have no speculating banks here now. Where they do have them there is apt to be trouble. The slirinkage in railroad stocks has burst the bubble—that is all. Indianapolis banks are cautious, particularly so since tlio trouble last August. and are keeping near shore. The financial interests here are in better shape now. I believe, than ever before., Our correspondent in New’ York city is Winslow, Lanier & Cos. The correspondent of the Indianapolis National Bank, is the Third National, of New York, and the •Fourth National. Here is something in the .New York Financial Chronicle, of May 10, an authority among bankers, on the failure of the Marine Bank, which should be given wider c irenlation. The reporter copied an extract from the article, which reads: Closely allied to this is the impolicy of a bank officer ever being conuected with a tirrn of Wall street brokers. That, policy hardly needs to l>e stated to be condemned. The acceptance of an important trust of the kind a hank president holds has generally been considered a foreclosure from all speculative pursuits. There are so many and obvious reasons for the opinion that the continued existence of certain prominent exceptions should not weaken general public sentiment on the snbject. We believe in leaving bank management as free from statutory interference as possible. A certain frame-work of law is necessary, but that being granted, the control should be in the directors and officers, influenced by its customers and by intelligent public sentiment. The chief difficulty lies in keeping the public alert, for in prosperous t ; mes the bank runs itself, and public, sentiment sleeps. Still it is well to recall the fact now that almost always when a hank fails it turns out that its officers were openly or secretly speculating. One of our most'successful moneyed men. who objects to his name being given, said: “I do not think there is any condition existing in the business of the country to warrant or create a general panic. Such would be an effect of debt — of everybody being in dobt. That condition does not exist in this country now, certainly not in Indianapolis. In 1873 in this city everybody was in debt The late Temple C. Harrison was asked at that time if he did not owe a great deal. ’Yes,’ he said, ‘I owe a peck of paper, hut I’ve got a bushel of notes to pay it with.’ There was then a general distrust and fear of our neighbors; we did not know whom to trust. No such condition exists now, and there is no fear of a panic. This is a speculator’s panic and not a business panic. The effect will not be great outside of New York. A few distrustful people here will draw their money out of the banks, but not many. It will not begin to have the effect on this community in the way of creating a run upon the banks that was caused by the failure of the Indiana Banking Company, and the brief suspension of the First National Bank.’’ V. T. Maloti, president of the Indiana National Bank—l apprehend there will be little alarm here. Our business men have been par suing a very conservative policy for years, and we are in very good condition. Our people have invested but little in railroad stocks and bonds, and will not be affected by shortages in those securities. The money that has been lost in speculation in marginal operations in Chicago was generally the surplus money of operators, and affected other interest very little. There is no other city of the size of this in the country where there lias been so little speculation in railroad stocks as here. Ido not think the Metropolitan Bank is the correspondent of any bank here. I cannot see that we will be affected. We went through the severe strain last August with no serious result to general business. I consider Indianapolis and Indianapolis hanks conservative and safe. Our New York correspondent is the Importers’ and Traders’ National Bank, a substantial-old-fashioned institution. T 5. F. Claypool, vice-president of the reorganized First National Bank—My opinion is that the New York flurry is caused by an overspeculation in stocks, and now comes a shrinking in readjustment and settling up. It has been coming for some time. and the failure of Grant & Ward merely precipitated it. It was hound to come. The call of bonds that will be made by the Secretary of the Treasury will be ample and sufficient to relieve the wants of the hanking interests of New York. I can not see anything in the state of affairs that is calculated to seriously disturb the business interests of this city or State. The hanks throughout this State generally are in most excellent condition. lam talking about national banks. I know nothing about individual banks. Our New York correspondents are the First National, the Chemical National and the United States National. Here a gentleman interposed: “Something should be done to prevent the ovorcertification of checks, which now enables brokers to do a large business where there is in reality only a shell, and no tangible values. This loose method of check certification helps the business of the broker, but there is nothing in it to banks, except that it places them in jeopardy. It is a criminal offense for a cashier to do it, and when a few of them are sent to the penitentiary, as they should be. perhaps it will stop.’’ Mr. Claypool continued: “I think it would be desirable, as a part of the national banking law, that an amendment be made to the effect that no officer or employe of a bank should be permitted to borrow, directly or indirectly, from his bank any money whatever, and have a severe penalty attached for the violation of this provision. Many men go into banks for the express purpose of getting depositors’ money to speculate with.’ George B. Yandes, president of the Citizens’ National Bank—l do not anticipate any great amount of excitement here or any place else, except, perhaps, in Chicago. Generally panics occur when there is a large amount of indebtedness. There is no such condition existing in Indianapolis now. There is a better class of paper in the banks of this city now than I have ever known. There is very little speculation here and none by bunks or bankers. Deposits are not large and resources arc ample. Our correspondents in New York are the Ninth National and the Bank of America. ‘John C. S. Harrison —It will have no effect on Indianapolis. The country is in a healthy state financially. People are out of debt and the crop outlook is excellent. There isgeuoraJ prosperity •verywhere in all legitimate enterprises, and it Is only speculators that will suffer. A great amount of building has been going on in this city, and it has been iu houses, residence proper ty, showing that our people were prospering, paying their debts and accumulating wealth. Not like the building boom wo had here ten years ago. A Cashier—l want a panic. I think it will bo a good thing. It will let out some of the money that is tied up in those $300,000 checks that those New York thieves are passing to each other. It takes about ten years for these sharks in New York to get all the money there is in the country, and then things are ripe for a smash, after which the money is dispersed over the country, to be again ' gobbled up by another lot of New York sharks. I hope Indianapolis will get her share when the dispersion takes place. A. W. Ritzinger, of Citizens’ Bank—l do not think it will have any effect here. Os course, there are,always some people who are easily scared, but it caunot amount to a run on the hanks in this city. Our banks here and our people have nothing to do with stock speculations. Ido not consider that we have any cause for alarm here. F. P. Woollen, cashier of the Meridian National Bank—lt will create some uneasiness here, but no great amount of worry. A few people may draw out their bank accounts, but it will be small depositors who will bo unnecessarily timid. The financial health of ludianapolis is

better than it has been for many years. There is no speculative mania here, and our merchants and business men generally are solid and conservative. Since 1874 this city has been liquidating its debts, and the wealth that has accumulated since that time is substantial. There is not a city anywhere that equals this as a conservative business community. William Wesley Woollen, manager of the Indianapolis clearing-house—lt will have some effect on Indianapolis but I do not think there is a city in the country letter situated for a financial depression than this. Tliero has been no speculation here. It may lie the suspension of the Metropolitan Bank will have some effect on the country banks of this State. It is not the correspondent of any bank iu this city. Country banks will probably become alarmed, and some of them will withdraw their deposits from Indianapolis banks. This flurry is not like that of 1873. In that time tl*e more a man was in debt the richer lie thought himself. There is no great amount of debt here now. There is abso lutely no occasion for alarm here. In the clear ing-house J see the business of the city in its full volume better than anybody, and I know there is nothing to base a panic upon. There are only four banks in Indiaua t.lrat are corre spondents of the Metropolitan Bank. One of these is the Exchange Bank, of Bourbon, Marshall county; .another is the Citizens’ Bank, of Union (Hty; another is the National Branch Bank, of Madison, which has two accounts in New York city, one being with the suspended bank and the other with* the First National; and the last, the First National Bank, of Evansville, which has an account with the Metropoliton, but keeps its main accounts with the Fourth National and Central National. The only bank in Chicago that has its account with the Metropolitan is the Union National. and the Third National of Cincinnati is the only bank in the latter city that has the involved bank as its New York correspondent.” Views of the Business Men. James C. Yohn—The Metropolitan Bank, which suspended, I understand, did railroad business principally, and I suppose the failure was due to speculation in bonds. I think there 13 no reason for any feeling of insecurity in Indianapolis. Our banks are all in good condition and the prospects for the crops and for business are excellent. I can see no cause for alarm. John C. Wright—l huve not read the dispatches from New York, and am not familiar with the situation there. 1 received a telegram early this morning stating that the Metropolitan Bank was about to suspend, but I kept it to myself as I thought there might be a mistake about the matter. It has no correspondent in this city so far as I know, but the First National Bank at Chicago holds that relation to it. Its business was principally with railroads, dealing iu securities and negotiating loans and bonds. Its failure, therefore, was not the result, as 1 understand it. of a general business depression, but of the fight between the bulls and bears in New York. The Gould. Vanderbilt and other bull interests have been trying to force stocks up, and the bear movement, headed by some members of the late Northern Pacific syndicate, have been very formidable and aggressive. Under the peculiar circumstances under which the fight was made the result was necessarily disastrous. Much money was lost in the Western Construction Company, whose purpose it was to build a railroad in opposition to the New York Central. I do not apprehend a general financial depression by any means, for I think that the country, taken through and through, is in a good condition. The national banks, in fact all the banks, are generally doing a sound business, and so far as my observation extends there is not any unusual amount of indebtedness among business men and farmers. The railroads are certainly in better condition than they have been for years. If you will look up the record you will find that railroad stocks are now forty to eighty per cent. lower than they were in 1881, which is certainly a good indication. So far as that is concerned, stocks, if they have any value at all, are worth fully as much now as they were sixty days ago. This trouble in New York has extended to Chicago. and been carried on there. The Grant & Ward failure was simply another big Nancy Clem affair. Their system of doing business must necessarily have resulted in ruin. They borrowed large sums of money for unknown* purposes, paying exorbitant interest, and bettering their credit by short loans and prompt payment. Then they would borrow still larger amounts, and finally stopped payment, leaving their creditors in the lurch, it was simply a huge confidence game, another blind pool, in fact. I am very confident there will bo no panic, and I can see no possible reason for alarm. J. W. Murphy, of the firm of Murphy, Ilibben & Co.—“Of course, such a failure will have an effect, but Ido not think it will be anything serious. Anything of the kind happening in a large center like New York will bring business to a standstill, but it will not directly’ affect Indianapolis. Did the Metropolitan Bank have any correspondent in this city!” ‘No.” “Well,” continued Mr. Murphy, “there can be no danger hero. The bad effect will be more in imagination than in reality. There are some people on such occasions who look wise and shako their heads without reasoning. They never have much at risk, but they are ready to encourage any bad prospect. 1 can see no occasion for any great alarm, and especially not here in Indianapolis.” R. S. McKee, of the firms of McKee & Branham and Jones & McKee—There is no one, so far as I know, -that could be directly affected by the failure. It has no bearing on the mercantile trade whatever. Indianapolis has never been in better condition financially to withstand a thing of this • kind than now. The city has never before been as sound financially, as now. I attribute this condition largely to the conservative course that has been pursued for many months. There are some concerns in the city that I know have been discounting this very thing for a long while. Governor Porter—l do not think the bank failures in New York can have any serious effect upon business here, because they do not indicate that the general condition of the country is bad, but only that the officers of certain banks have been using the money for speculative purposes. It will lead to a close inquiry into the habits of bank officers, and in that way will boa real service to the people. So long as the agricultural class arc out oi debt and not engaged in speculative operations, no general financial calamity is possible.” John C. New —There is nothing in the recent bank failures in New York that need affect either Indianapolis or Indiana banks, or any other legitimate business in this State or in the country at large, so far as I see or understand the situation. It is manifest that the recent failures in New York are the result of speculation and stock gambling. The banking business, when legitimately carried on, is as safe and sure of good returns as corn-planting; but when a farmer leaves his plow and mortgages his land to buy “wheat” in Chicago or railroad stocks in New York, lie may be sure that the sheriff will sell his farm, and that his children will go barefoot in winter. So, too, the banker may know that his depositors will call for cash at the counter when his only assets are locked up iu a grain or stock pool and not available to pay checks. There are no banks or bankers iu ludianapolis at this time that are engaged in this sort of operations, but all of them are prudently and well managed and the depositors are sure of their cash whenever they want it. The only trouble that need be apprehended by the public or by private individuals will be that they have no balances in our banks to check on. But that is not the fault of the banks. Simon Yandes —I do not see that it will have any material effect. Indianapolis is prosperous financially, and gives promise of still greater prosperity. \\ .P. Gallup—l don’t think it ought to have any effect on business here. Indianapolis is in excellent financial condition. Business here is extremely conservative. There is absolutely no wind in it. John G. Blake, secretary of the Board of Trade—lt will unsettle busines and finances, but the only effect 1 can that it will have here will be to make bankers more cautious. The trouble is all the result of speculation. Nothing but.the influence of speculation could be the cause of wheat ranging in price from two to three cents a day. There is nothing in the condition of the crop to cause such changes. Speculation must inevitably result in disaster. Those Complaining Os sore throat or hoarseness should use Browns Bronchial Troches. The effect is extraordinary, particularly when used by siugers and speakers for clearing the voice.

THE INDIANAPOLIS JOURNAL, THUI,,>aV , MAY lj, 1884.

CRUSHED IN A COLLISION. Fifteen Men Killed and the Bodies Burned Beyond Recognition. A Freight and a Work Train Run Into Each Other Near ConneilsvilJe, i’a. —The Terrible Results. Pittsburg, May 14.—A vest-bound freight collided with a gravel train on the Baltimore & Ohio road, one mile east of Connellsville, between 9 and 10 o'clock this morning. A number of laborers, variously estimated at from twelve to twenty, were killed, and many were injured. The scene of the disaster is a sharp curve, just west of the Spoor Sand Works. The freight train was heavily laden with ore. The camp train consisted of six cars, which contained about fifty men, who had just been transferred from the Pittsburg Southern road, and were on their way to Ohio Pyle Falls to work on the grading for a double track on the east end of this division. Both trains were going at a high rate of speed and came together with a terrible crash. The engines remained on the track and telescoped each other in to the smoko stack, but the heavy tenders jumped into the air, fell, the freight tender upon its engine and the gravel train tender back upon the first car in the rear. Six men were killed outright in this ear, and four others fastened down by the broken timbers and roasted to death, the car catching fire from the overturned stove and burning up before the stupefied survivors could comprehend the awful situation of their shrieking companions. Three men escaped from the car, and one of them assured your correspondent that the fire could have been extinguished had water been applied in time. The wreck itself was a ghastly sight. The tender of the freight engine stood thirty feet in the air. Inside of the iron car that was burned could be seen, sitting amid the glowing embers and twisted iron rods "and dead ashes, three grinning skeletons, one sitting bolt upright, apparently peering into the flames that had smothered out his life, as well as those of his companions. At noon a large force of shop hands were on the ground extinguishing the flames, and the wreck train was at work pulling the debris away and rescuing the charred remains. The burned trunks of four of the victims have just been taken out Across the breast of one the white unsinged flesh contrasts strangely with the blackened surroundings. The spot was where the heavy timbers caught him and held him in the grip of fate until the flames left nothing but a headless, armless, legless trunk. The remains were reverently placed on a board, carried aside and laid down upon the green grass, spotted with purple forest flowers. A lean and hungry looking mountain dog snuffed the roasted flesh, and, licking his chops, descended upon the remains. Fortunately he was discovered and driven away. It is expected that the wreck will be cleared up this evening. The officials decline to say who is to blame, but popular opinion puts it on one of the train runners. It may have been a mistaken understanding of orders. The true cause will not be known for a day or two, and meantime a thorough investigation has been ordered When the wreck was cleared away it was discovered that twelve persons had been injured and fourteen were missing. The bodies of ten of these were recovered; the others are supposed to have been completely consumed. Os those recovered, only two, Cassidau and Dermott, could be positively identified. The others were burned to a shapeless mass. One of the injured, J. T. Oshea, died on the way to the hospital, making fifteen deaths as follows: Patrick Cassiday, aged 40, residence Cumberland. Scott Dermot, aged 21, residence Ursina, Pa. Dennis Ward, aged 40, residence unknown. Sheabey Neuman, residence unknown. Owen Conley, aged 30, residence Pittsburg. John Perry, aged 30, residtneo Johnstown, Pa. Thos. Whitele. aged 25, residence unknown. Eli Sloan, aged 25, residence unknown. Joseph Desmond, aged 31, residence unknown. Patrick Kelly, aged 37, residence unknown. John Hughes, aged 44. Cumberland, Md. John Conly, aged 40, New York. Timothy Shay, aged 40, Staunton, Va. J. T. Oshea, aged 21, Cumberland, Md. The latter was fireman of the freight train, and the others laborers. The wounded are as follows: James Smith; laborer, scalp wound. Samuel Clay, engineer of the camp train, right arm broken. William McNulty, laborer, of Philadelphia, right ankle fractured. Daniel Albright, laborer," of Ureina, Pa., leg broken. W. J. Burns, clerk, right arm broken. Thomas McCabe, laborer, both arms broken. Four Swedes, whose names are unknown, were also injured, hut not dangerously. The injured were sent to the West Pennsylvania Hospital, at Pittsburg, and the dead brought to Connellsville for burial.

A YOUNG AFRICAN PRINCE, Brought to This Country To Be Educated, Kills Himself by Overstudy. Dayton, 0., May 14. —Some eight or ten years ago the United Brethren Church of this section of the country, which has established several strong missionary posts along the western coast of Africa, brought to this country a young African, whom they educated for the pulpit and sent back to his own country as a missionary some three years ago. He took the r.ame of Daniel Wilbeiforce, after the university at which he graduated. The vessel that took him home returned with a young African, the Prince of the Sherbro country, whom tlie church lias since been educating. The young prince took the name of Louding. after the people with whom ho was living. His progress in school here was wonderful. "He took up with tho Americans very readily, learned rapidly, andat nineteen was considered an educated and literary person, being well versed in political and social science, languages and various arts. He moved in the best society here, and amused many an elite gathering with stories of his barbarian home. Ho was born at Mason, a small place in the Sherbro country, and was the offspring of the king of his people, a wild, half savage race. He was brought here by Rev. D. K. Flickenger a little over three years ago. He was under the tutelage of tho missionaries in Africa, and ran away from home to come to America. Ho had been here a little over three years, but the climate, with his severe course of study, injured his health and finnally killed him. He had for months recognized the fact that ho was fast fading away, but be studied the harder to complete his studies. His object in acquiring knowledge was to enlighten his people. He will be buried with tlie respect and honor due him by tho church. Strikes Among Coal Miuers. Pittsburgh Pa., May 14.—Eight hundred miners employed iu Falls Creek. St. Mary’s and Hard scrabble mines, near Dubois, Pa., Cave struck against the introduction of the screen system. Rot li sides are firm and a long struggle is anticipated. A strike of fifteen hundred coal-miners at Cautou, 0., is considered inevitable. A con-

tract is usually signed May 1 between the op erators and the miners for the year, hut at a meeting of miners recently it was decided not to sign, fearing a reduction to the prices paid in tho Hocking valley mines, on which the contract is bawd, ft- is reported tlmt tho threatened strike of six thousand railroad miners in the Pittsburg district is untrue. PROCEEDINGS OF CONGRESS. THE SENATE. Debate on tlie Bill Authorizing a Bureau of Labor Statistic**. Washington, May 14.— I The Utah bill was postponed till Monday. A bill was reported favorably extending to August 8, 1886, the time to commence laying ocean cables. Mr. Cockrell said lie was not in the chamber when the bill to place General Grant ou the retired list passed. Had he been he would Have voted against it. A motion by Mr. Cullom to make liis interstate commercial bill the special order for Wednesday, May 21. was not agreed to. Mr. Call introduced a Dill which was referred to the committee on judiciary, authorizing the Secretary of the Treasury t-* overrule and re verse the decisions of inferior officers of the Treasury Department in respect to all matters of accounts. The bill passed authorizing the construction of a pontoon wagon bridge over the Mississippi, near Dubuque. Mr. Blair moved to take up the House bill providing for the establishment of a, bureau of labor statistics. The motion was opposed by Mr. Coko and others, who wished to proceed with the calendar in tho regular order; but tho Senate, by a vote of 27 yeas to 12 nays,, decided to take up the bill, and Mr. Blair urged its passage. Mr. Garland moved, as an amendment, the substance of his bill heretofore introduced, providing that the bureau of statistics of the Treasury Department shall do the work required to be done by the bill, and also providing for the collection of information as to marriages and divorces in the United states. Iu reply to an inquiry by Mr. Morgan, Mr. Garland said the United Slates had no jurisdiction of marriages or divorces, but the government could collect information on those subjects. Mr. Call opposed the amendment. Mr. George said the opinion obtained that tho labor interests had not been properly attended to by either State or national legislation. The establishment of this bureau would be a great advantage to and be greatly appreciated by workingmen. Mr. Morgan opposed a separate bureau for labor statistics, and thought the present bureau of statistics, with some additions, could do the work required. Mr. Vest desired to make a personal explanation. A statement had gone to the press, he said, that the vote upon the bill to place General Grant upon the retired list had been unanimous* He, however, had voted against the bill. He had not called for the ayes and nays, or made any factions opposition, because two years mro. when a similar bill was before the Senate, ho hud spoken and voted against it, and hud given tho reasons for his opposition. He had no personal opposition to Gen. Grant, but was opposed to the principle of the bill. Pending debate, the Senate adjourned.

THJS HOUSE. The Consular and Diplomatic Appropriation Bill Considered. Washington, May 14.—Resolutions were reported unseating Messrs. McKinley and Peelle, but they were laid over. Minority reports were submitted in both cases. The bill will be reported favorably for a mint at St. Louis. The House went into committee of the whole on the consular and diplomatic appropriation bill, and Mr. Burnes explained its provisions. Mr. Cannon severely criticised the bill as niggardly* and denounced the proposition to reduce consular salaries. Mr. Foliett defended the bill.. He ridiculed the pageantry of foreign courts, and asserted that Congress should not pander to the whims of tlie courts to which the United States accredited representatives. Mr. Hitt specified the reduction which this bill contemplated, and which lie regarded as unwise and hurtful to the service. It was a ricli man’s bill, and excluded from the consular service any man who had not enough money to support him independent of his salary. Mr. Potter nude a vigorous attack on tho bill. Mr. Robinson, of New York, expressed his contempt for tho diploma. " service, which he regarded as an unmitigated humbug and nuisance, and a school lor snobbery. Our embassadors abroad were of no earthly use—not worth a shilling a dozen. He denounced Minister Lowell as a lickspittle of monarchy and declared Minister West would be, a hotter American representative at London than Mr. Lowell When the proper time came ho would move to strike out the appropriation for a minister to Great Britian. Mr. Kasson thought the provisions of the bill would prove detrimental alike to the honor and commercial interests of the country. Mr. Rurnes closed the debate in advocacy of the bill, and it was read by paragraphs for amendments. Mr. Robinson, of New York, moved to abolish tlie office of minister to Great Britain. The motion was lost, and the committee rose. Mr. Harmer presented " memorial from the Woman’s Silk Culture A:;, ociation in favor of the establishment of a bureau of silk culture. Referred. Mr. Bland, fTom the committee on coinage, weights and measures, reported a bill to establish a mint at St. Louis. Referred to iho committee of the whole. Mr. Springer asked unanimous consent to put on its passage the bill to authorize the Secretary of the Treasury to purchase about $42,000,000 of bonds with the greenbacks held in thq treasury for the redemption and retiring of national bank circulation, which would relieve the money market to the extent of adding $42,000,000 to the circulation. Mr. Weller objected. Adjourned. Flouring Mill Burned. Marshall, Mo., May 14.—The flouring mill of Pollock, Bellamy Ac Cos , at Slater. Mo., burned to the ground last night. Loss, $30,000; insurance, SIB,OOO. PERSONAL MENTION. General A. Stone, of Winchester, is at the Grand Hotel. Hon. R. O. Bell, of Fort Wayne, is at tho Grand Hotel. C. A. Wilson, of Noblesville, Iml., is at the Bates House. General George S. Williams, of Lafayette, is at the Denison. General Thomas M. Bennett, of Richmond, is at the Denison. Hon. H. C. Wiley, of Los Angeles, Cal., is at the Bates House. Mr. George W. Reossing, of Chicago, was in the city yesterday. A. Given and wife and Miss Emma Given, of Frankfort, are at tlie Grand. Foster Brnnnsen and ‘Miss Ida Pickett, of Kokomo, are at the Bates House. W. A. Barnes and wife, and Miss Mollie Barnes, of New York, are at the Bates HouseRev. H. A. Buchtel, of Lafayette, and wife, are in tho city, the guests of Mr. Kipp, 118 St. Mary street. Leslie P. Richardson, formerly of this city now deputy clerk of tho United States Circuit Court, at St. Paul, Minn., is in the city, visiting friends. U. M. Stoddard, of tlie firm of Claypool A Stoddard, has taken a lucrative position in the banking house of Preston, Kean & Cos., of Chi cago, one of the oldest Chicago banking houses,

During Mr. Stoddard's stay in Indianapolis he has made many warm friends in business circles, through his correct and prompt methods of doing business. Hotel Arrivals. Rates House. A. K. Stark and wife, Rockville; W. F. Armstrong. J. C. Dolman. Kokomo; R. Klopfor, Fred Sims, Frankfort; F. Parker, Union City: Mason Long. Fort Wayne: E. C. Bonham, Bloomfield: A. M. Joy. Bloomfield: (’has. L. Davis and ('has. E. Crawley. Sullivan: Jno. Larkin, ljewis Sexton and J. H. Wilson, Rushville; C. W Powell, Paris, ill. Grand Hotel: Dr. S. S Boots. Greenfield: j. F. Maddox Shelbyville; S. B. Fisher. Rushville; 31. A. Ryan, H. Kerliu. Delphi; Fred A. Sims. R. TCI opt er. Frankfort: W. ('. Myer3, James Myers, If. T. Mitchell. Newport, Ind.; 3L T. Clay, Salem. Ind.: S. Tough, Ft. Wayne: Mart Keller, Columbus. Ind.: C. IL Baker. Minneapolis: J. F. Shafer. Cincinnati: J. H. Davis, Baltimore: G. W Hasdet, Pittsburg; E. R. Ellis, Louisville. Denison: Robert Douglas, Princeton; Mrs. J. Milligan, Crawfordsvillo: E. F. Do Forest, Chicago: J. C. Bnee, W. C. Wagner. Columbus, <).: H. R. Pay son. Chicago; Isadora Langsdorf and wife, Philadelphia; John G Williams. W. F. Beauchamp, J. M. Sankey. J. C. Kolsen, Sheldon Swope, J. W. Cruft, Terre Haute; If T. - Simmons, Boston; C. Morrison, S. H. Slifer, Minneapolis; Mr. and Mrs. (). I). Seavey, A. Aiaslie, Boston; N. IT. Davis, U. S. army. Preparing To He Sued. At a meeting he Id in the office of I. L. Bloomer, yesterday afternoon, a committee consisting of W. A. Van Buren, W. I). Tobin, J. E Heller, W. W. Pringler, A. 11. Hatch and I. L. Bloomer was chosen to defend any suits that may be broj ht against subscribers refusing to receive the . cently published history of Indianapolis. Nearly a hundred subscribers, it is claimed, have pledged themselves to pay their proportion of the costs that may be incurred in defending tho suite. Attempt to Burn a Store. An incendiary started a fire in the rear of the grocery store of W. 11. Barr. No. 272 North Pine street, with coal oil, about 12 o’clock last night, but the flames were discovered before doing any great damage and were extinguished. The loss will not exceed $25. Prof. Cromwell, Germany and tho Rhine land to night. Mr. Moore, of the Combination Desk Company, presented the members of fire company No. 2. who went to Bright wood yesterday morning to extinguish the fire at the factory, with a liberal donation. Extreme Tired Feeling. A lady tells us “the first bottle has done my daughter a great deal of good, her food does not distress her now, nor does she suffer from that extreme tired feeling which she did before taking Hood's Sarsaparilla. A second pottle effected a cure. No other preparation contains such a concentration of vitalizing, enriching, purifying and invigorating properties as Hood’s Sarsaparilla. ANNOUNCEMENTS. A QUIET HOME, COMFORTABLE ROOMS, Excellent board: now manag’t; large yd. 138 Mass. av. r j 'X VENTV YEARS OF CONGRESS BY HOX. _L James G. Blaine. Agents wanted. J. E. HASKELL, 19 and 20 Sentinel Building. EADY-M AI>E HOUSES, ANY siZEORSTYLE t on short ntice. £. C. HOWLETT, Broker, 8 Condit Block. FOR SALE. 17 OR SALE—A HANDSOME NEW RESIDENCE J’ on North Meridian street; fine lot. E. C. ROWLETT. b Condit Block. I "Tor sale—houses” and lots in all parts of the city. BARNARD & SAYLES, 75 and 77 Fast Market- street. dor" SALE FARMS, CHEAP, iOX LONG JT credit. Send for circular. Blue grass pasture fur rent, cheap. FRANCIS SMITH. J7OR SALE—SPECIAL BARGAINS IN SECONDJT hand or new Engines. Boilers, Saw-mills. Heading and Stave Machinery. HADLEY. WRIGHT & CO., 113 and 125 S. Tennessee street, Indianapolis. jnOR SALE—3OS ACRES OF GOOD. HEAVY r timber land hi Grant county. Indiana, within ouelialf mile of railroad station. Call on JAMES BROWNLEE, Marion, Grant county, Indana. North half of section 3, township 25, range 9 east.

WANTED. ITT ANTED—A GOOD, STEADY GIRL FOR IT housework in a small family. 499 E. Ninth st. AIUANTED—TO RENT RO< MS Fl>R ~ PHOTOVT graphing. J. N. ROBINSON, Bloomington, Ind. ANTED— I TO BUyTIaIMS ON INDIANA Yf Hanking Cos. D. H. WILES, Room 1, Odd fellows’ Block. \I7ANTED—THE CHEAPEST NEWSPAPER IN Yt the West, the Weekly Indiaua State Journal. One dollar per year. AI7ANTED—LADIES TO TAKE OUR LIGHT YY and steady home work: city or country; $3 to $lO weekly. HOME FANCY WORK, over 08 N. Penn. st. TI7~ANTED—AGENTS—IN EVERY TOWNSHIP YY in Indiana and tbo adjoining States to introduce our Musical, Legal. Agricultural, Historical, Commercial. Literary and Biblical works. We handle none but subscription books of tlie highest mechanical and literary excellence, and we sell at such low prices and on such easy payments as to place them within tho reach of all classes. Circulars mailed promptly to anyone desiring a local or general agency. Call on or address FRANK B. AINSWORTH A CO., 41 Vance Block. Qf EEN PROTECTOR—UNPRECEDENTED IN ducemeuts offered lady agents for this new rub ber undergarment for ladies. Address, with stamp. Ladies Undergarment Cos., No. 9 South May street, Chicago. FINANCIAL. INDIANA BANKING CO. CLAIMS BOUGHT. E. C. HOWLETT. 8 Condit Block. moTTOAN—MONKY~ON~CITY PROPERTY. E, J_ C. HOWLETT, S Condit Block. A TONEY TO LOAN AT LOWEStIuTE OFTv IYI revest. E. B. MARTIN DALE & SONS. Money at the lowest rates’of inter est. J. W. WILLIAMS CO., 3 and 4 Vinton Block. r<) LOAN—MONEY, TN FkKMS OR (TPV 1 property, at a low rate of interest. D. H. WILES, Room 1, Oild-fellows’ Block. “VTONEY TO LOAN ON FIRST MORTGAGE OF 1H city aiuj farm property in Indiana and Ohio. Low interest. JUS. A. MOORE, 8-1 Eust Market sftreet. M J well furnish"money ox farm SECUrity, promptly, at the lowest rates for long or short time. THOS. (J. DAY CO., 72 East Market btrect FOR RENT. IJOB RENT—A KiUsucLASs PIANO—CHEAP. . Northwest corner Seventh and New Jersey. _ the family of A. B. Yohn, and his necessary absence East, wc will remove our stock of books and stationery to out* former room. No. 13 North Meridian street (Yolm's Block), and oiler for rent our pres ent room. No. 4 East Washington street—one of the }>est rooms in the city. Immediate possession given. YOHN BROTHERS. AUCTION SALES. Hunt mccurdy. real estate and genoral Auctioneers. No. 88 East Washington st reet. Stocks of merchandise in city or country bought outright for cash. MISCELLANEOUS. TT'ANSAS HAS A POPULATION OF ONE MILLJ\ iun: Topeku, the capital, has twenty jive thousand; both will double in next five years. Now is the time to invest in real estate. Address PHILLIPS & ST RING HAM, Topeka, Kan., telling where you saw this. IIRIXCKTi >N COLLFd S E. EXAMINATIONS FOR ADMISSION To tho Freshman Classes in the Collegiate and Scientific Departments will be held at Cincinnati, in the Law School Rooms, on Walnut street, above Fourth street, commencing on Thursday. June 19, at 9 a. m., and continuing through Friday, Juno 20. Tho examination fee will be $5. Catalogues and information will be furniahod on application to Frank H. Kemper, Hoorn 11, northeast corner Fourth and Vine streets, I 'iucimiuti. The examinations will bo identical with those held in Princeton at the same time, JAMES Me COS II President of Princeton College.

rjp j IRON ®PIPE Igyig| FITTINGS. Selling agent** for National Tube jifHf |L-3jSJ Globe Valves. Stop Cocks. En6m! \ : crinoTrimmings. PIPE THINGS, BH FM CUTTERS. VISES, TAPS. 3e9 I fit j Stocks and Die-*, Wrenches, mm Steam Traps. Ihin.pa. Sinks. IgJ VwlHosE. BELTING, BABBIT Ifitl METALS (25-pound boxes), ffiH Cotton Wiping Waste, white t Bfc| and colored (100-pouud bales), hb \ m\ and all other supplies used in con* HSU I Wm nection with STEAM. WATER HSS i WJ and GAS. in -JOB or RETAIL ifiß LOTS. I>o a regular steam-lit-Mra ting business. Estimate and I contract to heat Mills. Shops, Hfi Factories and Lumber Dry I Iff Houses with live or exhaust p 1 r.team. Pipe cut to order by r ateaui power. fi I KNIGHT&JILLSON B m 75 and 77 S. Penn. St. Artificial Eyes inserted. Consultation free. Cure of Rupture perfect and painless. 3ti *2 W. Washington St., Indianapolis. KRUSE & DEWENTER, Successors to Theo. Kruse. Lafayette, Ind., Kruse’s Patent Wrought Iron WARM AIR FURNACES And School-room Ventilating Stoves, Registers and Ventilators, No. 54 South Pennsylvania street, Indianapolis.

COFFEE AND TEA HOUSE. We are now receiving NEW MOYUNE, IM I*ERIAL, GUNPOWDER and YOUNG HYSOS TEAS; also, OOLONG and JAPANS. Would alat call the attention of dealers to the fact that we carry the largest stock and greatest variety of COFFEES ia this market. Consumers who love a GOOD CUP OF COFFER should ask for GATES’S A No. 1. or Dion Jed Java Coffee in packages. A. B. GATES & CO. DAPILIOH CATARRH CURE 18 A POSITIVE CURE FOR CATARRH. ACUTE OR CHRONIC, COLD IN THE HEAD. 6NUFFLES, SNEEZING AND ALL DIBEASEB OF THE NOBE. THIS SOVEREIGN REMEDY IS THE ONLY SURE CURE FOR HAY FEVEB AND ROSE COLD. THE OATARRH CURE DOEB NOT IRRk TATE, BUT SOOTHES AND HEALB. DIRECTIONS IN TEN LANGUAGES. PAPILLON MFQ. CO.. CHICAGO, —*■■■ ■ ' I 111 .111 I I M li. ■ !■ lIBM Potghote IS THE MOST WONDERFUL COUGH MEBICINE EVER PREPARED. AN INFANT CAN TAKE A BOTTLEFUL WITHOUT ILL EFFECT. IT IS A 3PECIFIO CURE FOR WHOOPINC COUCH. BRONOHIAL OR WINTER COUGH, AND BRONCHITIB. IT IS PURELY A VEGETABLE SYRUP. DIRECTIONS IN TEN LANGUAGES. PAPILLON MFC. CO., CHICAGO. NOTICE TO CONTRACTORS. Office of the "Board of Commissioners for ilm Erection of Additional Hospitals for the Insane, £ Jniuaxapoms, 3nd.. May 1 1881. > Sealed proposals will le received hv said Board of Commissioners, at the office of the Governor, at Indianapolis. <>X THE 3D DAY OF JUNE. lSxl, between the hours cv 10 oV >ck a. ra. and 11 o'clock a. m.. for the erection aud construction of a HOSPITAL FOR THE INSANE, to be erected in Cass county, near Logan sport, in conformity with plans. specifications and conditions agreed upon by said Board, which, on and after th<. 7t3i day of Mae, 188*1. may he examined at. the office of K. 11. Kelcnam, architect, Indianapolis, lad. IMOTICE TO BIDDERS. Separate bids wiil he required for each separate building; each bid mu*t be accompanied by a full, itemized and accurate schedule of ouantics and prices; and each bidder must tile with liis bid or bids a bond, signed by two or more resident freehold sureties, in double tfie amount of his bid or bids, a:- required by law*, an lal l such bids, schedules and. bonds shall bo made on printed forms supplied by said Board. liitls will be received for all the work in the several buildings, separately, as above required, or for any class of such work, the classification being set forth in the specifications and schedule forms. The Board reserves the right to reject any or all bids. Contractors will not be allowed to sublet any portion of the work without the. wiilteu approval of the Board. Payments will l*o made monthly, ns the work progresses, upon estimates to be made by the Superintendent of Construction, 10 per rent, of such estimates to bo withheld until the contract shall have been fulfilled and work acceptc and by the Board. The Board will be res]K>nsible for payments on ost i mates only to the extent of appropriations made by the Legislature for such purposes. Proposals must be indorsed as follows: ‘‘Proposals for the Northern Indiana Hospital for the Insane,’ and must he addressed: "To the Commissioners for the Erection of Additional Hospitals for tho Insane, Indianapolis. I udiana.” Bidder s are invited to be present at tl-e opening of the bids, which will t.iko place at the office of tho Governor on the 3d day of Juno next. Bv order of the Board of Commissiono~. A. G. PORTER, Governor r.n 1 President of the Board*

3