Indianapolis Journal, Indianapolis, Marion County, 2 August 1893 — Page 1

INDIA JOUENA J ESTABLISHED 1823. INDIANAPOLIS, WEDNESDAY MORNING, AUGUST 2, 1893. O iTlXTrrC (AT RAILWAY NF.WR 'TANuS. Ox O VJLllXO. ITKAIN8 AND SUNDAY, 5 CENT3.

HE

Tbero is no Shrink In this Statement, Every word Is Absoultely True.

Never In the hi-tory of Indianapolis wai offered1 ucnuperiauve values a3 tneOIUGlNAL EA CLE now present. Men's Suit, la Choice Ca9lmere. Cheviots, etc. $It:.50 aul 15 Suits at Our window i!lpla y will pire you a a irieaofvhat "we mean. You cauuot aflor A to let Uils ciiportnlty go by. Our t&le of strictly all-wool $12 Snita at $7.f1 continne. and all our Hoys' Clothing at a propornate redaction In current prices. , ORIGINAL EAGLE 5 and 7 W. Washington St Hat Deparment, 16 S. Meridan St r Clicago & St Ml BOITTE. WORLD'S FAIR ROUTE EXCURSIONS EVERY DAY TO CHICAGO. FOR THE $450 Round rJrip Ticket ireod poin on r trab s EVERYDAY. Good to retarn for ten Aajatron: rtato of sale. All tmliisetop at Jlilwy Plalsance, HjV.ePark, Thirty-ninth street ana Twenty-second street. 6 TRAILS Daily between iflDlANAPOLlS and CHICAGO To Chicago. Lr. Ind'poll Ar. Chicago. No. 1 N.17 ll.tam'lL&'aiTi1 5.V5;ru 5.45pm No. 3 No. 7 I No. 5 3.55 pm!ll.3opm 12.45am yCpm a 55ara 7.30am KKTURNINO. No.l Lv. Chicaco. 8.2nam Ar. Intl'po.'ial 2.40pm No. 1.00pm 7.10pra No.10 3.10pm No.12! No. -4 11.30pm a.Ooam 9.15pm 3.4'Jam Additional trains: No. 9 leave Indianapolis at 7:10 a. for Lafayette. DINING CARS on No. 1. 17, 8 and 19. UCAl INDIAN AFOLIS PARLOR CARS on Nos. I & 18 LOCAL INDIANAPOLIS SLIPPERS on Nos. 7 and 4. All day train have parlc,. cars, and night trains tare standard end compartment buffet sleepers and reclining chair cars. GTPA1NS Daily between INDIANAPOLIS & CINCINNATI As follows: Leave Indianapolis at 2:45 a. m., 4-.0O a. iu.t 0:2O a. m.. 1 i:03 a. in.. li:55 p. m., 7:20 p. in. GREINSBURG accommodation 4:20 TRAINS Daily for NORTH VERNON and LOUISVILLE, leave Indianapolis "2:45 a. m 0:20 a. m. and '2:55 p. m. 3 TRA1KS lor ST. LOUIS, leave at 7:30 a. m.. 1 1 :5() a. m.. -1 1:20 n. m. For TERRE hAUTE and MATTCON, 5:20 p. m. A TRAINS for CLEVELAND, BUFFALO, NEW YORK and BOSTON, leave at M:15 a. m., 9:25 a. m., '3:01) p.m.. "7:25 p. m.; for MUNCIE and BENTON HARBOR at 0:00 a. in., 11:55 a. ra. 3 TRAINS for BL00M1NGT0N and PEORIA, leave for Peoria at 7:lf a. in.. 11:55 a. m., "11:25 p. in.: for CHAMPAIGN at 5:10 p. m. 2 TRAINS for SPRINGFIELD, DAYTON and COLUMBUS, 0., leave at 3:50 a. m. and 3:00 p. iu. For tickets, sleeping and parlor car accommodations and full lnTom-ation, call at Hig 4 offices. No. 1 East Wellington e.rreet. 3t Jackson place, Massachusetts arenue and Uniun station. 'Daily. ; 1LM. BltONSON, A. O. P. A. THE 0, H. & D. B. R. ARE STILL SELLING MILEAGE BOOKS AT 2 CENTS PER MILE GOOD ON 21 DIFFERENT ROADS. TRAINS FOR CINCINNATI LEAVE INDIANAPOLIS 2:30 a m.. "3:45 a. m.. C:10 a m., 110:50 a. m., 12:54 p. ra., 4:0- p. in. Dally. tDally except Sunday. City ticket otiice, corner Illinois street an Kentucky avenue, 134 South Illinois street and Union fetation. II. J. HUE IN. General Agent. . THE ONLY MOUSING TRAIN TO THE WORLD'S : FA.IJR. MONON ROUTE (L. N. A. & a IVY.) Other trains leave as follows: lU.ol noon. 4:'u p. ra., 12 3 ) a. m.. 2:03 a. m. Ticket oihceiwjo fcouth Illinois street, Union Station and Massachusetts avenue. The Indianapolis Warehouse Co vYARIHCCSEMEN, FOHWARDIKG AND COMMISSION MERCHANTS. Money advanced en er.Itromenta. Krplsterdra eetpts piven. No. 0,1 to 273 SOUTH PENNSYL. VAN rA STltEET. Telephcna 13 :L LUMP s CRUSHED COKE FOE SALE Indianapolis Gas Co. TICKETS TO BE HAD AT 49 Soutli Pennsylvania Street TOTICK 1 CONTP.ACTOTvS NOTICE 13 Lri-iy frtv-n tliat on Wednesday. August "J, 1H9.1. at 2 o'd.K'k p. in., the unleraifcii"l Trustees for tfce Cfr.tral Iniiiaii.i IIospitHl for t'.e Inline, will, at the Trutes' umcoattl.e l!op:ral. r-r lve bii.- for the construction of u ewer from the Hospital buildtuiT to a twjnt n ar wLrw Little liable ere empties into Li hairln crt-e'i. 1'Uns un I p? tficatious will lr un tile with tao 8uit:rintf nitmt of th Hospital from and afier August 1, lsuj, an.l can bo examined by iilir-r. The rieht is rruerveil to re ject all l!1s. Bond will l rrnulmt from th succt-sful bidder, sJ.d bilders v. ill lA n quired to state names of proposed bondsmen with their bUis. JOHN OSTE KM AN, J. U CAUHoN. Trustee. . IC'II. 1IAU3EII, - $ WAGON WHEAT 52c . ACME MILLING COMPANY. Zm West W&iMiton etfeat.

89.90

A. M. via

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It is conducive to the health and longevity of aU boys that they be kept in that condition by purchasing our .WASHABLE SUITS at the following CUT PRICES: 81.47 gives you choice of any of our $1.75, $2 and $2.50 Washable Blouse Suits. 81.98 gives you choice of any of our $3, $;150, $i and $150 Washable Blouse Suits. 83.47 gives you choice of any of our $5, $6, $7 and $8 Washable Blouse Suits. Our THIN COAT AND VEST specials at 93 cents, $L97 and $2.97, is still on.

mi H

In Stock, fox Prompt Delivery, 75,000 GRAIN BAGS. Selling Agents in this State for "THE TENNESSEE MFG CO.," of Nashville, Tenn. "NASHVILLE," "ROCK CITY," "GROCERS' A," "CUMBERLAND

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Half Tones, Zinc Etchings, Embossing Plates,

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SURGICAL INSTRUMENTS, Fracture Splints, Special Trusses. Crutches, Ela.itlo Hosiery, iHfformity 3 races ami Surgical Appliances cf evt rr kind. Tin largest stock o( A11TIFIC1AL EYES in the State. WM. IL ARMSTRONG Jfe CO, 77 Houtn Illinois tttreet. WAGON WHEAT Highest Market Price, i arodk Mtr.r.s. FEKDINU HUE AT TO lil'GS. Farmers Find II ore Profit in Fattening Porkera Than in telling Their Grain. Fostoria, O., Aug. L A larjre number of farmers in this vicinity are feeding their irheat to hogs rather than sell it at the low prioes now ruling. Hogs are quoted at trnra $5 to $7 a hundred, aocording to gtade, and it is estimated that a bashol of wheat properly ground and prepared and fed with a little other feed, to gite variety, will put from fifteen to twenty pounds of flesh on a healthy hog. This being tho case the farmer ean easily realize a dollar a bushel for bis wheat and save the trouble of hauling it to market. In one case, just west of here, a farmer turned 150 head of hogs into his wheat field, not even taking the trouble to harvest it, and it is said tho porkers aro doing finely on their new provender. CUBBKR JN A CUDRC1I. He Attempted to Hold Up the Attendants at a Frayr Matins:, tot Failed. Council Bi.UFF9,Ia.( Aug. 1. The newest thing in tho roobery line occurred tonight. An noenown man walked into a prayer meeting and. drawing a revolver, ordered the entire congregation to throw np their .hands. Charles Golf, who was praying at the ttime. promptly rose to his feet and grapoled with the wouldbe robber. In the tussle which followed toe revolver was discharged, but the ball strncK a truss worn by Golx and wbs deflected. Tue robbrr then lied. A pauio prevailed among the female portion of the congregation during tho struggle, but no one was Uiiiired.

COOL!

EN

"WELL - KNOWN Exclusively.) Wood Engravings, Color Plates, Electrotyping. lil'KNED A COCNTY'S RECORDS. Arrest of Two Men Who Cemmitted Arson that Thry Minht Fi'tce the People. WicniTA, Kan., Aug. 1. One of the blackest crimes in Kansas was unearthed here last night and the arrest of tho criminals etfeoted. March 1(5 last the vaults of the registor of deeds of Harvey connty were broken into and the entire records of title to property of the county burned. Though special detectives have been working on the case ever since, nothing developed, and it was receutly given over to the chief of police of Wichita. Last night George II. Shirley, of this oity, and G. Wash Rogers, or Newton, were arrested, with evidence euQicient against them, it is asserted, to conviot them beyond doubt. It is said the chief has evidence that these men not only planned the arson bat that they paid a man $500 for doing it. The motive of the crime of which Shirley aod Kogers are accused is said to be this: They bad a mortgage on the only set of abstract books in Harvey county. Soon after the boruing of the records they foreclosed the mortgage and tootc the books. The citizens of Harvey were wild with excitement, for nothing was left of the county records to show who owned either property or the mortgages, and every man or woman who wanted to convey a piece of property was compelled to pay 810 for every transfer to Shirley & Kogers. As there were oft times twenty transfers in one contract the cost would sometimes reach aa high as $200. This extraordinary extortion caused so much excitement that tho County Commissioners ottered a fabulous price for the books of bbirley & Kogers. The latter finally ottered the books for $20,000, which the commissioners were on the eve of accepting when the arrests were made. The feeling against the men is intense, and they will be closely guarded to avert tho vengeance of the people of Harvey county. Five Killed and One Fatally Hurt. CoLUMnus, TJ Aufit. 1. At Utica. Lickinn county, last evening, John Kattie, two men named Hell, a' Mr. Bowers and a Mrs. Skillen were killed, and Joseph bhipp was fatally injured by the explosion of the boiler of a threshing-tnaohine engine. ! Kidney , Persons of sedentary habits often suffer with kidney atfretiona. Sufl'erere from this dangerous disease, by use of Simmons Liver Regulator, will reutore the kidneys to thtir wonted health and vigor.

SILYERITES AIR THEIR VIEWS

First Day's Session of the Bimetallic League Spent in Speech Making. Addresses More or Less Inflammatory by Carter Harrison, T. &L Patterson, GeneralWar ner, Powderly, Donnelly and Others. Yonng Tnnrman Made President and Permitted to Tell What He Would Do. Mass Meeting Addressed by Senator Stewart and Mr. Bryan Ex-Senator Reagan Chosen Chairman of the Resolutions Committee. NATIONAL BIMETALLIC LEAGUE. Silver Advocates Derln Their Convention with h Great Flow of Oratory. Chicago, An sr. 1. The national convention of the Bimetallio League met at 10 o'clock in this city this morning and the attendance was larger than that of any previous assembly of like charaoter in the history of financial agitation. The army of delegates overcrowded the First MethodUt Church an hour before the meeting was called to order and it was early apparent that a larger hall would have to be sought for future sessions. The features of many of the battle-scared veterans of financial agitation were visible in the heterogeneous assemblage of to-day. Gen. A. J. Warner, of Ohio, president of the Bimetallio League, stood side by side with Congressman Bartine, of Nebraska, and a short distance away was seated Congressman W. J; Hryan, of Nebraska, a man of opposite political faith from Mr. Bartine, but foremost in the common battle for free coinage. A few" feot ' away, in the Colorado delegation, was the picturesque form of Governor Waite, of the silver State, conversing with Senator Stewart, of Nevada, the ono a Popnlist and the other a Republican, but both united in a common canse to-day. United States Senators Mantle, of Montana, aud Shoup. of Idaho, conversed fraternally with T. M. Patterson, of Colorado, the iirst two Republicans and the last tho leader of the free-coinage faction in the Democratio national convention of a year ago. Gov.. Kolb, the Populist leader of Alabama, surrounded by a score of brawny Populists, was oue of the most conspicuous figures in the convention, and as he conversed warmly with editor Goodwin, of the Salt Lake Herald, the two were joined by Herman G. Taubeueok, of the executive committee of the People's party, and va moment later the interesting trio was increased by Senator Dubois, of Idaho, who, although a Republican, will observe no caucus that opposes the free coinage of silver. Carte u Harrison's welcome. When Chairman A. J. Warner, of the Bimetallio Leauge, called the convention to order, scores of delegates were obliged to stand, in the aisles, but all took the inconvenience good naturedly in the consolation that tpe convention was so largely attend ed. Inj a few opening words Chairman Warner introduced Mayor Carter II. Harrison, of Chicago, who welcomed the delegates to the city. "Chicago seems. to be the Dot," said the Mayor, where all the deliberative bodies turn themselves, that their ideas may spread over the land. 1 welcome you warmly, because I believe you have the good of the country at heart. Some of you may be rather wild. It is laid you are lunatics silver lunatics. I look down upon you. And 1 am rather glad to welcome such lunatics as you. I Applause. Alexander, the Great, the wise men of the East, who found the Savior. Martin Lather, Christopher Columbus, Mirabeaa, Napoleon Bonaparte, Benjamin Franklin and Morse, had all been called lunatics in their times, but all had loft their mark on the civilization, the geography, or the liberties of the world. ltis crazy men that march the world forward, and make progress a possibility. "Men, yon may be denounced, but John Sherman was always crazy enough to till his pockets with tho wealth of this world. Applause. 1 In aliiost prehistoric times we know that gold and silver were tho money metals. Gold is found in pocketsIt is the fault of chance; but silver is worked out of the rocks by hard, methodical, inevitable labor. Applause. They say that those who believe in bimetallism are crazy. If the act of 1873 could be blotted from the annals of American political uct oo, 1 believe that eilver wonld bo worth t2tt cents an ounce. lADplauso.J Be wise in your deliberations, but bo fearless. Congress is about to meet. Give tho benetit of your deliberations to Congress, and tell Urover Cleveland what the people of the United States want. I welcome you alL" Great applause.) FATTKUSO.V CALLS BANKERS ANARCHISTS. In responding to the welcoming address of Major Harrison, Hon. Thos. M. Patterson, chairman of the Colorado delegation, said; "When tbey tell me Chloago is a gold bug city and I look behind me and see as its Mayor one of the most distinguished champions of bimetallism in the United States, I can only say that those who say it mistake the bankers and brokers of Chicago for the masses of the people, a mistake that is often made." I Applause. J Referring to the thousands of idle men thown out of work by the olosing of the silver smelters of the West, he said: "If there is nnv danger of anarchy in this land who will produce the Anarchistsf (Cries of 'the millionaires; Wall street' If there is danger of looting, who will be the cause of itf Will it be the men who were driven from their homes by stress of poverty, who have been loyal, Jawabiding and country-loving citizens, or will it be the men who In cold blood and lor selfish purposes so manipulated the leglslatton of this eonntry that the money necessary to its body in sood health wa destroyed, or tied to hiding places, and thus made (these laboring men paupers, thrown npon the charity and the Christianity of the landf Applause. 1 "We are asking but for the free coinage that Hamilton, aud Jeflerson, and Monroe gave to the country, and which was tatitied by Congress and thn people when Andrew Jackson was President. Applause. We stand by the law of 1793 placed npon the statute books when the Constitution was first adopted and when the thirteen free and independent colonies became united as free and Independent States. Applause. We are in favor of the Constitution of our fathers and wo are in opposition to the Anarchists of the land, the Anarchists who sit behind banking counters aoplause; the Anarchists who by their legislation would turn the poor people of the land out of their homes; the Anarchists who are forcinir down prices and robbing evory man of one-half of that which he possesses in the shape of property. I know that there is a wise and merciful God. and as common sense and patriotism dominate the masses of the American people when they see the light. I know that the cause will triomph. and I hope that witbiu a yer.r from now wemay reassemble in the city of Chicago and sing the peans of joy and victory that will bring freedom and happiness to all of tiinso who now look only into clouds and gloom. 1 thank you." Tremendous applause. WARNER SCORKS SHERMAN'. Chairman A. J. Warner, of the Binetallio League, now delivered his opening address: "The roost extraordinary condition of af1 fairs," laid he, "meets tho Assembling of

this convention. Almost perfect peace Erevails over the world, nature is yielding er fruits in ungual abundance, and rich harvests are bemf, gathered under favoring skies. There is eu jgh and to spare, and yet never before in the history of theoountry has there been auch widespread fear and distress; never before such loss of confidence aud destruction of credit. Industries are everywhere breaking down, and laborers by tens of thousands are thrown worklesson the street, with want staring them in the face. Scores of banks, most of them prudently managed and showing assets which, under ordinary circumstances, would place them above suspicion, are driven to suspension. There has been a shrinkage of hundreds of millions iu the value of stocks and other property and agricultural products. To attribute all this condition to the present silver-purchasing law of the United States is absurd. Under this law, since lb'.O, 81W.0W.OJ0 have been added to our currency. Does anybody believe that the nresenee of this S150.000.003

'makes money scarce aod dear? Would we be better oil if we were out of ltr "The real object lesson of the situation is very difterent from which the gold conspirators intended. It enables us to see the be ginning of the shrinkage in pricesthat must take pIhoo in order to go to a purely gold basis. The trouble is in the change in the money standard. The value of money may be doubled either by doubling tho weight of standard coins or by destroying half of the metal out of which coins are made. One is as effective as the other. The establishment of a single gold standard is'eqnivalAnt to patting the valueof two dollars into one. It is doubling the unit and putting property down one half. This is what is going on. To do this aud still require the eauie number of dollars iu payment of debts aud taxes is to sanction the spoliation of one class by the other. And the talk of such a standard as honest money, or such a policy as sound finances is the rankest hypocrisy " Applause. Referriug to the act of 1873, Chairman Warnersaid: 'The members of Cungrees.the Speaker of the House who sinned that bill, the President who approved it, never knew that it demonetized silver. There whs but one man in the United StatesSenat who knew that the act of ISIS demonetize I silver and yethehas never been hung or shot for treason. Great applause at this allusion to John Sherman. That act will be known in history as the crime of lb73. Let the memories of those who stand conneoted with it rot in oblivion." Great applause. Continuing, he said he was willing to have the act of lb'JO repealed if the other Sherman law, the act of 1S73, can be repealed by the same bill. Let both Sherman lawn g6 togetherond place thecouutry back upon the Constitution and the law as it stood before IbTd. in conclusion, the speaker denounced the metropolitan newspapers of the country as being controlled by the money power, aud characterized their editorials as being but the inspiration and the bidding of of the 'go!d bngs," instead of the conscientious exoressious of the writers. The poople, to win, must win against all this aggregation and intluence of capitalistic power. APPOINTMENT OF COMMITTEES. A . committee on credentials was appointed, consisting of one member Irom each State. On motion of ex-Congressman Symes. of Colorado, the chairman was authorized to appoint a committee of five on permanent organization. As this committee the chairmain named Symes, of Colorado: Reagan, of Texas: Stark, of Ohio; Washburn, of Massachusetts, and Fn Henwider, of Illinois. A committee consisting of one delegate from each State was authorized to select a laraer hall in which to hold the sessions of the convention. The convention then adjourned until 2:30. The afternoon session of. the convention was held in Central Muslo Hall, a building capable of seating over three thonsand with comfort. Allen W. Thurman, of Ohio, was made permanent president, amid great applause. While the notification committee was out, and the committee on credentials was awaited. Robert Schilling, of Milwaukee, wanted to bear a epoech from Governor Waite, of : Colorado, but the chaimau declared: the motion out of order pending permanent organization. A committed on rules and order of business was then chosen and the roll of the States called for the appointment of the committee on resolutions. Mr.C. S. Thomas, of Colorado, urged that each ' State name three members of this committee, one member from each of the three parties, but Paul Vandervoort, of Nebraska, objected. "I hope," said he, "that party ditferences will not be recognized in this convention." Applause. Mr. Fletoher, of Colorado, said that when this convention adjourns it will be charged that it is under the domination of one of the three great parties. In order to obviate that the Colorado delegations had thought it wise that one member be selooted from each of the three great political parties in the several States. Ex-United States Senator Reagan, of Texas, arose, and in response to loud demands, mounted the stage. "We aro here," said be, "for the purpose of trying to relieve the country from its present embarrassments and plaoe it on a footing of prosperity. 1 understand we are here as bimetallists. without reference to any distinction of political parties, but as citizens of the great Republic to unite our voices regardless of party affiliations for the purpose of arresting the rule of the gold men and bondholders, and for tbe purpose of restoring to tbe country a condition ol prosperity from "which we have been driven by improper legislation. The moment wo introduce a partisan question in this convention wo throw before it a matter which is going to cause strife and confusion and impair the work of the convention. Applause. 1 appeal to this convention to go on with its duties and declare its purpose to restore to this country gold and eilver coinage as it existed before 1S73. and restore tbe prosperity of tho country, and afterwards take care of our party amliations." (.Great applause. The sense of the convention was so overwhelmingly with Mr. Reagan that Mr. Thomas withdrew his motion. The roll of States was called and the following committee on resolutions appointed: Alabama,. J. C. Manning; Arizona, M. C. Murphy; California. Daniel N. Burns; Colorado. Thomas M. Patterson: Connections, C. 1J. Wbitcomb; District of Columbia, Lee Crandall; Georgia. Henry Jones; Florida. J. McAllister; Indiana. M. C. Kaukin; Idaho, (i. V. Bryant; Illinois. Bujamin Goodhue; Iowa, C. C. Cole; Kansas. Harrison Kelly; Nebraska, H. F. Bartine; Massachusetts, Geo. F. Washbnrn; Marybnd, H. C. Satlett; Montana. E. B. Matts; Michigan, Benjamin Colvin; Minnesota, Ignatius Donnelly; Missouri, E. F. Mines; New Mexico. Hiram liadlev: New York, ii. Alden Spencer; Nebraska, W. J. Bryan; North Carolina, J. H. Staunton; North Dakota, W. II. Standish; South Dakota; C. A. Tripp; Pennsylvania, John F. Davis; Ohio, Geo. A. Gruff; Utah. C. C. Goodwin: 'Texas. John II. Reasan; Tennessee. J. C. Roberts; Virginia, I. L. Johnson; Washington. Patrick Clark: Wisconsin. Robert Schilling; Wyoming. J. J. Hurl. A list of vice presidents was annonnced, one beinE selected from each State, and the question of preparing an address to the people and a memorial to Congress was, after some discussion, referred to the committee on resolutions. PRESIDENT TIIUItMAN's ADDRESS. At this point Chairman Reagan and tbe special committee escorted the new president. Allen W. Thurman, son of tbe "old Reman," to the stage. After the applanse hsd subsided Mr. Thurman spoke at great length. He opened with the following announcement: "The light between those who believe that the circulating medium of this country should be hard money that is, real money gold and silver, and paper redeemable in the same, and those who believe in the use of the soft money tbat is, paper promises to pay money redeemable jn other promises to nay is on." Mr. Thurman left no nonbt in the minds of his bearers that he was a bimetallut. In the course of his address he said: "The beat ! money, tbe most honest oioney, is that which will give to tbe people, as tx&ir as possible, stability of value. The j claims of the single-standard men, that this can be maintained ouly with gold alone, I believe, has beu so often disproved tbat it is unnecessary even to refer to it. But tbe catch penny pbra that is continually nsd in hiuh places of a sound and stable currency is, iu the months of these people, ns misleading as it i ponoiblo to be. I have no doubt that in the message which will be sent to Congress on the 7th of this in nth this

COLLAPSE OF A BIG "CORNER"

Prominent Chicago Speculators Burled Under an Avalancho of Mess Fork, Prics Dropped Nearly 50 Per Cent, and the U&nipnhtcrs, Heing Unable toOttain Mosey for Margins, Went Down in the Crash. Packer Cudabj.Worlh SIS.OOO.OOO, and Other Big Brokers Forced to the Wall. Government Eonda So Low that New York Banks Will Increase Their Circulating Notes Influx of Gold Yesterdays Failures. TI1E POItK ItUBHLE BURSTS, i ii And Overwhelms "Jack" Cndahy and Other 111 Chicago Provision Dealers Chicago, Aug. L To-day was one of the most disastrous in the history ot tbe Hoard of Trade in this city. Wealthy firms and individuals wtre bowled over like nine pins, and tbe prices of hog products went tumbling like an avalanche. Dealers on tho Chicago board are accustomed to exciting scenes and kaleidoscopic ohanges in values, for this market seems to be tho storm center where both the npward and downward push in the price of the world's food produots is most severely felt; but old members of the board who had been through the whirl and clatter of many a collapsing corner in both grain and provision", actually stood aghast at tbe rapid ity with which the price of mess pork went down. A sheer drop of pel barrel inside of three-quarters of ao hour is enough to take away the breath of old Stentor himself, but then old JS ten tor, in tbe vulgarism of the street, "it not in it" with some of the howlers on the Board of Trade. His deepest tones wonld sound like a consumptive whine beside the roar which goes up on the board when there is anything exciting on. A hush, however, near the opening this morning when Secretary btone appeared on the bal cony of the trading room and noticed all concerned that those having trades with the well-known provision brokerage tirmi of J. G. Steeverfc Co.. E. W. Railey fc Co. f.nd A. Heltnholz & Co. should proceed to oioe them out. The silence lasted for a second after the close of the announcement and then a mighty roar went up from the provision pit. As early as last March it became apparent to . tbe trade that meas pork was being "bulled" through these houses, and it soon became noised about in tbe provision trads tbat A. M. Wright was behind the deaL A year before he started a corner in ribs, and, with tbe help of John Cudaby. carried it through to success, making a large amount of money. Apparently, according to the gen eral opinion on the board, he ha i started to run a similar deal in mess por.. Tho collapse has been looked for for some time, and, asthe monetary situation became more and more strained, and the borrowing of money to put up in margins more and more diuicult. everybody not interested in tbe deal drew out, leaving the market so doll that there was scarcely enough business to establish quotations. EFFECT OF COLLAPSE. When the bubble finally burst the prices were so small that it was next to Impossible to find them. The first offer heard by the quotation official after the announce ment of the failure was $18.75 per barrel, against $19 at the olose yesterday; the next was 18, then 17.50. Seeing that the 818 man was, overwhelmed with customers anxions to supoly his wants, the price went off 50 cents to 1 at a time, with very little hesitation at any time, till pork touched S10.5J, a loss of $8.25 per barrel in forty minutes. These are tbe official figures, but it is reliably vouched for tbat a sale was made aa hiith as $19, and as low as $10, a drop of 89, or nearly 50 per cent,, or S-TKJ.OUO oa a visible supply of 50.000 barrels. Then themarket became quieter, and good buying at the euormous decline carried tbe price back to $12, aud subsequent events had only a temporary ellect on it Things were moving along with omiuous smoothness when another and heavies shock caujo in the announcement by tbe secretary in quick succession of the failures of the North American Provision Company, a packing concern with a capital of a quarter of a million dollars, in which Jaok" Cndahy was largely interested, of Wright As Haughoy, a respectable firm chielly engaged in the reciving and shipping of wheat, but who were understood to be interested with Cndahy in his deal in tho provision pit, and finally of Cndahy himself, the great packer And daring operator in provisions, a man interested iu the paoking trade in' half & dozen ritates, inoluding plants at Chicago. Milwaukee. Omaha. Louisville and Nashville; a man whose wealth had recently been estimated at no leea than S18.0C0.0UU, of which about 2.000,000 was made in a deal in ribs last fall. It was not doubted that he bad nsed every means of raising money before "lying down," or tbat ho had lent a helping hand to his friend, Charlie Wrieht. before the linal oinch came. I3ut tbe financial noose was drawn tighter and tighter; he had a big deal on in lard, and was interested in ribs, and the strain became to j great to bear. The announcement of Cndaby's failure bad scarcely died on tbe secretary's lips before the storm broke loose again, this time in the lard crowd. Tbat commodity bad held extremely steady throughout the slump in pork, but.it in turn mounted the toboggan and wen t down as if self-lubricated. The price for September was ;U5 per tierce In the early trading; It was $0 within six minutes after Cudaby's failure was announced, and September short ribs, which sold early at $7.25 per hundred pounds, broke to fcV.'H. Before tbe close, how. ever, both rallied, the former to faC2f the latter to $fUX). It was said by one close to Mr. Cndahy tbat his private atiairs were entirely separate from his partnemhip matters, aud that the various companies which he controls and in which he is interested with his two brothers. "Mike" and 'i'at." are not directly alleoted by tbe failure. It is estimated that the losses on the pork alleged to have been bousht for Wright, are between $400,000 and &00.00U Ho one pretends to estimate Cudahy's losses. "Charlie" Wrightdeclarestbat Cndahy and ft. K. Fair bank, the lard king, were interested with him in him deal, and that tbe trouble came about because they would not put np any more mar arms. Bo far as the trade is concerned, Mr. Fairbank is not known In connection with the deals. BANKS BUYINO HONDS. New York Institution Will Increase Their Circulation Oold Flowlnc Inward. New- York. Autr. 1. A new and unexpected element of relief has been injected into tbe finsncial situation. United States bonds jjsve reached such a low tignre that the national banks eee their way clear to make a proutby issuing circulation against them. Arrangement have, therefore, been made by some of the more prominent banks to increase their circulation from tbe minimum limit, at whioh it now stands, to snch an amount as will materially relieve the present tension. It is estimated tbat $000,000 or $10,000,000 will bo so added to New York's supply of currency within a very short time. Orders have already been placed with tbe Controller of the Currency for part of tho new bills, and souie of the banks have bought their bonds preparatory to depositing them in Washington. Among the cauLs tbat are named as interested in the movement r the Ualiaiin. Fourth, Merchants', First, Nstr Ycri

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