Indianapolis News, Indianapolis, Marion County, 15 July 1884 — Page 4

i-JV —- ■ '

*'» $r- 1 •

^Prin

DeeT>4uts

IN PRICES OF

L. S. Ajres & Co.’s.

LADIES’ WHITE SUITS marked d .wa to to*t or lew. FOULARD SILKS re<luee'l to 50c from ft. INDIA SILKS reduced from *1.% and $1.85jto ti.oo. Big Reductions On many other foods to doge them out quick. L. S. AYKES & CO.

BEDD1KC PRESEMIS. ARTISTIC SILVER, In fancy pieces, and SPOONS and FORKS; POLISHED BRASS and BRONZES—new and desirable goods—at BINGHAM & WALK'S, 12 East ’Wasliington St.

The Lion, For Boots and Shoes selling regardless of cott. A law lot of staple goods. Save your money by going to 28 East Washington st. w,s

boi ioor mm

And

FURNISHING GOODS And bare YOUlt LAUNDRY done tba best In the State at KKAUMK’S, iti Vi. Wash. sL, News building.

Tourists Visiting Detroit Will And It to their Interest as well as pleasure to call at the establishment of Roehm&Wright IMPORTERS AND JEWELERS, 140 Woodward Avenue, Opera House Block. JOHN KAY, formerly of Indianapolis, is there. tu.th.s

CLE1MEE SALE. CARPETS, MATTINGS, Eto. In order to make ready for New Stock, we Will now offer special Inducements to all persons dtslrlng to purchase Carpets either for • Caoh or Payments.

Cole's New Carpet Store,

tu th.s

150 E WASHINGTON ST.

FINANCIAL*

rpO'LoAN-tlOOJXK. C. A Coffin A Co.

rpo LOAN—Mortgage loam, by Alex. Ueuger.

1 n -

P1XJ LOAN—*SU0,UUI at * per cent. W. K Mick « A Co., W Bast Marltet street. on »

r| l 'G LOAN—22.200 on real estate at A dab A Jameson, »» K. Waah.it.

low rataa Jo-

o t

Pl'O LOAN—ITtrace funds on depoalc. ftomi to salt. A GnflUtu A Potta, N. Penn, it. e s

fpO LOAN —45^,000 on^cliy or firm*, the verjMow-

PpO LOAN—Private funds, on good farms. 3 to A years; low rate. I. Brown, Mg Market.

rjM) LOAN—Money at towrauwonahpweonalgro^

rro LUAN-Mouey at the loweM rate of Interest. J. X w. wiuiame A Co..Sand i Vln'on block, at*

LOAN—Money, tn aurai of *.vr) &nd upward* X on real mute, henry K. Beviila, 8 North i'enn K. ta i rjH) LOAN—Money, in »ujm o; *iu', $*iu, tsu’ and X »b« on real esute: W. U. Hanunom, 16 vtr»

ut i-tu.th.«

tE ¥

JIR8T

tbe I

mortgage note* oougnt. Loam made on tmtallment plan, by Francis bmlth & Co., K*»t Market M.. l * f|X) LOAN—On farms or city orcpertv, privilege or X prepayment, term* reasonable. Thoe. C. Day A Co.,Ti East Marketstroet. e» C*1 J W U E seven per cent, bond for salA Inte 01 jV’V u ’ seirl annually; may run,!, 2 or 3 ye Aadrest Ob-cle, News office. uu

Interest

ears

fIV Loan—Private funds In smns to suit, at a low X rate of Interest. Farm or city property. Bun too [A Bcott, over Pint National bank. ue t pu 1A'AN—Motley on chy and taria property, at l lowest current rates; also, negotiate approved papas. D, H. Wiles, room I Odd FeUows halt, ttt

fF'G LOAN—First mortgage, private funds, fro

L BSC to ism at reasonable

WtlUam F. Btfti Bbarpes block.

moi

tNOto|S.UOO, at reason a

F. Btiiti room w fourth floor, Fletcher A

rate of Intere*

REWAKD,

U EWAHD-B10 to tl, that our prlom and lernu are FViowe^ajffi easier tha> any other house in the city. MISCBLLANBOUS.

UK^CKKAM excels all other. No. ct

U1TY NEWS. Thermometer. . 7 a. m. ■ ■ A5 I 1 p. x Harry Fay, wife whlpper, has been fined five and costa. Laura Marble and Charles Whipple, larcenlsts, were each sentenced for two years to day, the first in &*> reformatory and the Other to the penitentiary. H. V. Spaan, J. C. Dalton, Ed Schmidt, T. C. Daniels and Joe Shepard are being named as democratic candidates for the legislature, and Oicar B. Hord and Adolph SekUnsticker for the senate.

tlon am on g tutlons of the rassment at this

CARPETS Straw Mattings, Wall Paper, Lace Curtains, Etc. A. LWright&Co. 47 and 49 South Meridian St.

NEW BOOKS. THB GIANT’S ROBB. Anstey #1 25 A WIFK HARD WON. Wright 1 02 BUT A I’HILISTINB. Townsend 1 50 THB BNTAILBD HAT. Oath 1 50 A ROM^N SlNUKK. Crawford 1 25 Catlicart, Cleland & Co., 26 East Washington Street. m.w.f

THE UTDIAltAPOLIS NEWS. TUESDAY, JULY 15,1884.

BAM FilLORE. Fklehcr & Sharpe’s Bankiag flonse Closes Its Doors. Money Being Held Closely in New York and Other Financial Centers,

and some other banks, and returned to Mr. Rtt zlnger with the Information that if he needed aseietance it was at Us command. Mr. Ritzinger remarked tn the hearing of a News reporter that the bank needed no assistance, and added, “We have been preparing for this for two months. Nobody bat small depositors are running os, and we can stand it. The suspension of Fletcher <fc Bharpe was a great surprise.” There was a ran upon Fletcher & Churchman by small depositors, many of them ladles, and it was one of the pleasing incidents that while this class of depositors were clustering around the paying teller with a demand for their balances, Harry Drew sauntered In and deposited 18,500 with the receiving teller, acd s gentlemen from South Meridian street

adding nearly at the same

an equal amount time. This seemed

1 Failnre to Realize Upon Serarcties Uu Cinud the Sntpeaiion.

The Other City Baoki Eipmi Ability to Meet Ail Dtmaidi.

Indianapolis, July 15. To Our Depositors: owing to our Inability to realize on onr recur Itles. we regret to say that we are compelled to suspend payments. Onr property is ample to pay all depositors as soon as It can be converted. FwrrcitEB A Sharpe. The above was the startling announcement posted on the doors of Fletcher & Sharpe’s bank early this morning. It was surprisingly distinct in Its tone, and aa the report flew from mouth to mouth, created no little apprehension among terrified depositors In other institutions. Very soon the doors of Fletcher & Bharpe were besieged by an anxious throng, but they remained hermetically sealed,an J those within denied an audience to any one. All sorts of absurd stories flew like wildfire, but amid them there were expressions of profound sympathy for the firm, which had occupied a conspicuous posltbe financial instlwest, and whose embartirne was calculated to hamper business more or less in every direction. The suspension, however, developed no special amount of 01 feeling among depositors, for there is an Ingrained belief with the majority that the assets of tKe individual owners will be sufficient J in time for the liabilities and eventually pay oil every dollar, subject, however, to a wait more or less tedious In Its nature. About 10 o’clock Messrs. Harrison, Miller & Elam appeared before Judge Taylor, and on petition of 8. A. Fletcher, jr., made application for the appointment of a receiver. The petition was directed against Thomas II. Sharpe, Ingram Fletcher and Albert E. Fletcher, the remaining partners, and recited that the bank, by reason of the stress of the times, Is unable to continue and pay Its ordinary bills and liabilities as the same mature, and is, therefore, insolvent; that It was necessary, in order to preserve the rights of creditors of the bank, and to prevent preferences being obtained, that a receiver be appointed to take possession and administer the affairs and assets, and pay Its liabilities pro rata among the creditors; further that an accounting was necessary between the partners In the premises, and for this reason it was expedient for the court to take possession and administer upon ihe affairs of the bank. The motion was entertained by the court and tYUliam Wallace was named as receiver, and his bond was fixed at $500,000, the same as was required in the receivership of the Indiana Banking company. Mr. Wallace was then called In and signified his acceptance of the trust, and he filed his bond and took possession this afternoon. Fletcher & Sharpe’s bank was one of the oldest organizations in the city. For many years Calvin Fletcher was president and Thomas H. Sharpe cashltr of the Indianapolis branch of the State bank of Indiana, and when its charter expired Messrs. Fletcher di Bharpe formed a partnership under the name of the Indianapolis Branch banking company. This was about twenty-Mx years ago. Then the name was changed to Fletcher & Sharpe, and after the death of Cilvin Fletcher his Interest was represented by Ingram and Albert Fletcher. Stoughton /. Fieteher was afterward taken Into part m rf hip. Until about eighteen months ago, w’ntu the law was changed, all private banks were required to make a semiannual statement to the collector of Internal revenue for taxation. The last statement made by Fletcher & Sharpe, for the six months ending November 30th, 1882, showed a capital of $200,000, and an average monthly deposit of $1,700,500. The excitement attending the closing of the bank has been so great that It Is dtlfijult to obtain any authentic Information touching the cause of the suspension. Mr. Ingram Fletcher was prostrated by the shock and Is confined to his bed. A News reporter called at his resleence and requested an Interview, but Mr. Fletcher sent word that he was too ill to see any one. Mr. Albert Fletcher was not at the bank and his residence was closed. Mr. Thomas H. Bharpe was found at home and the reporter asked him for a •' statement relative to the suspension, “I have nothing to say,” was his brusque reply. ‘‘But can’t yon tell the public what caused you to close?” “Not a word, not a word, said he. “Is it simply a suspension or a failure f” persisted the reporter. “It Is a suspension,” he answered. “Then you expect to resume business?” “I don’t know,” he rejoined, shaking his head doubtfully, and closing the door against further Inquiry. The bank was In charge of subordinates until Mr. Wallace was appointed receiver, and assumed his duties, and no one was admitted, although a score of Individuals clamored continually at the rear door to be let in, Ihe notice upon the front door that the bank would be able to meet all its obligations eeemed to give considerable comfort. The smallest depositors were the most importunate, and they bewailed their 111 luck In an affecting manner, while those who were creditors to amounts In the thousands took a hopeful view df the situation, and expressed a confidence of ultimately receiving every dollar. The bank has been a favorite among the smaller depositors, many of whom have oeen in the habit of intrusting all their savings to the institution. For this reason, the embarrassment occasions more distress than would the failure of almost any other bank In the city. Some large amounts were deposited yesterday and the unfortunates naturally feel aggrieved and wronged that their money was accepted when the officers might have known the true condition of affairs. Others who postponed making their deposits until to-day, are congratulating themselves over their good luck. The effect upon the other banking firms was at once apparent, especially with those having numerous small depositors. The rumor gained strength that Fletcher & Bharpe were large holders of Indianapolis National bank stock, and under the supposition that the latter Institution must show the weakness of the other concern, there was a rapid run at once upon its resources, and for several hours considerable money was drawn out. The run came upon President Haughty, as he expressed it, “like an avalanche,” but he said to a News reporter, “we are going to go through. The other parties have no connection with this bank, only owning some stock, and this they have disposed of »s collateral and haven’t got it now, as I know. We are able to meet every dollar of our obligation.” The greatest run of the day, and which took the form of a panic, was the raid upon R!tzlnger’s bank. This Institution Immediately had a repetition of Its experiences when Woollen, Webb & Co. suspended in 1873, and within an hour several scores of depositors surged to the counters and demanded their balances. The entire force of the bank was immediately placed at their command, and while the checks were rapidly Indorsed, no great amount of money In the aggregate passed from the bank, because the Individual amounts were smalL A number of gentlemen, conspicuous among them Judge Norton, who had faith In the soundness of the bank, used their personal Influence to prevent a panic, and in many Instances depositors withdrew without checking out their balances. Judge Norton also called In person upon the First National >

to justify the smile of Mr. Churchman as he viewed tbe crowd that| passed in and out from his doors. Only at these three banks, as named, were depositors found withdrawing their balances. What might be done through the clearing house, of course, is another matter, of which It is impossible to know until its effect 's felt. As a rale It Is not the depositor clamoring at the counter that does the mischief. but rather It Is the heavy depositor who leaves his check with some other bmk to collect, is the party doing the mischief.” Late this afternoon confidence seemed to have been partially restored at Ritzinger’?, and the drain was concentrated upon 8. A. Fletcher <fc Co’s back. The police guarded the door, admitting all depositors, but exclud Ing as many creditors a? possible. The latter paid slowly and carefully. The police had dtffleu t work to keep the crowd back. Some large

banks. Among the many surmises as to the cause of the failure Is one which takes origin In the fact that the Fletcher ifc Sharpe bank building, t-tlmated to-be worth $200,000, Is mortgaged to an amount ranging from $120,000 to $150,000. It Is claimed that payment of a long time

building. It Is understood that Fletcher A Sharpe are carrying t considerable amount of real estate which passed Into their hands In the panic of ’73, and which has not only shrunk in value, but has been offered in vain in the market. It was falsely rumored to-day that the Atlas engine works had been drawing heavily upon the bank, to its serious embarrassment. The News has authority ior the statement that there is no connection between the Works and the bank, beyond the fact the former had an ordinary account with Fletcher & Snarpe. No demand had been made upon the bank, of any kind. The Atlas is

operating upon lie own capital, and is doing a safe and profitable business. Btlil another rumor Is that the failure of Everett & Weddell, Cleveland, precipitated this crisis, as it caused Fletcher & Sharpe to be drawn upon for a large and unexpected amount. Again It Is said, that the bank had overdrawn on Winslow, Lamler & Co., as had been done heretofore, and that the latter refuse to extend the accommodation. Another explanation comes In the fact that Fletcher A Sharpe were largely a country bank, and that the farmers had drawn upon them to an unusual extent, and in their desire to accommodate they had strained themselves too far. A recent report of the Mercantileassoci&tion shows that the Fletcher A Sharpe bank was regadred as one of the most solvent In the city; that It was doing a large and profitable business, and that all the partners were In the highest financial standing. Curbstone gossip places the aggregate wealth of Messrs. Ingram and Albert E Fletcher and Thomas H. Bharpe at $1,000,103. William Wallace, aesignee. at 3 o’clock this afternoon, was getting in readiness to take possession of the bank and the control of Its affairs. He could give no estimate of the assets or liabilities. Admission to the bank was still denied reporters, and there remained no way of arriving at a correct statement of the bank’s

affairs.

INTERVIEW'S WITH HANKERS. Hssly interviews were had with the various bankers, touching the situation, and the views as expressed below below deserve consideration.* Mr. English, presidsnt of the First National, aald: “The closing of Fletcher A Sharpe’s bank will undoubtedly have a bad effect on the other banks, and on the business of Indianapolis generally, and this may be greatly aggravated by getting up unnecessary excitement about it. The thing for every good citizen to do Is to keep cool, keep away from crowds on the streets, and especially about the doors of the banks, and discourage everything like a run. A bar k may be perfectly sound, and yet not be able to pay a general demand for currency by depositors occasioned by a panic. In such cases, reasonable time must be given to convert assets into currency. Even excharge could not be made available to meet a run, because It Is not currency, and the other banks, that usually give currency for exchange, would not do It In the present feverish condition of affairs, not knowing but they may be unexpectedly called ou for currency themselves. That is, a bank with a largg credit balance In New York could not convert it Into currency to-day, and the only way would be to have It shipped here, which would take time. It would be harder and require longer time to realize on other assets, even when of the best character, especially as to good paper given for money loaned. These things will be duly considered by thinking people. It is a great misfortune that Fletcher A Sharpe did not infoi m the other banks that they were In trouble, and ask for assistance. As far as I knew the other banks were not consulted with or advised with at' all As it Is, the business of Indianapolis will be Injured, but the Injury will ha Infinitely greater If there be anything like a general panic, and every one should try to avoid it. There has not been the slightest run on the First National bank; and the bank up to this hour has received more in deposits than has been drawn out.” Mr. A. D. Lynch said: “I regard the banks of this city In an unusually strong condition; they are good for all their deposits. If de posltors will take a calm view and check only such amounts as are required for business purposes, the banks will all stand, quiet will be restored — and every Interest will be protected. Banks have their money In good business paper and by last reports they have about fifty per cent, deposits avaUable—with their good securities no alarm should be felt. Good crops are just at hand and prospects are favorable for a good fall business. This Is the calm judgment of citizens who look to the Interest of depositors and the business pub lie In general.” Frank M. Churchman, of Fletcher A Churchman, said: “We are having a little run, but we always do In times like these, and we are prepared for it. The thing to do Is for the public to keep cool. Fletcher A Sharpe have abundant assets, and In my opinion will pay dollar for dollar. If given time.” W. P. Gallup, of the Merdlan national, remarked: “The suspension Is not affecting us one dime, that I know of. I was greatly surprised, and I believe If the the other banks had known of this distress, they would helped them out.” John P. Frenzel of the Meridian National, said the influence of the suspension was affecting them very little. The deposits so far had been equal to the checks. “Our class of customers,” he added, “are different. We pay no Interest on current or book accounts and our rates on time deposits are lower than others, consequently our deposits are not from the class that would be doing business in savings banks, the first as a rate, upon which runs are made In times of excitement. It Is extremely unfortunate that Fletcher A Sharpe closed their doors. They enjoyed high credit and great favor, and bad more depositors than any other bank In

the city.

William Cougbler, of the Indiana National, when met by The News representative, would only say, “We are prepared to meet any demand upon us.” J. C. S. Harrison met The News reporter with the distinct, emphatic, loudly-uttered “Lock in for yourself, there Is no ran upon this bank, nor won't be. More money coming In than going out ” George B. Yandes, of the Citizen’s National, remarked: “There is no run upon this bank. W T e have not a dollar of county, city, state or township trustee money on deposit, and less than S2ij.C00 will cover our bank account. The suspension was a surprise to everybody, although

it was known that they had not been loaning money for some time. We now have a larger per cent of reeerve on hand than ordinarily kept, which has been accumulated preparatory to any disturbance that might come In financial circles.” MERIDIAN 8TROT. The suspension canned a quiver of quiver of excitement among the wholesale dealers, and there was a temporary paralysis In city trade but no interruption In country business. A reporter made diligent Inquire into the financial situation in all branches of trade. “It would be blindness to refuse to see that we’U all be more or less affected” said a prominent and solid merchant and capitalist, “but there is no reason to suspect any of our neighbors ef weakness sufficiently threatening to break them down. Confidence is shaken, but not destroyed. We will have to ask Indulgence of our creditors and draw the line as close as possible

with our debtors.”

Nearly all the merchants agree that inconvenience and not disaster will follow from

the suspension.

A. A. Burdsall, dealer in paints and oils, said: “If the banks don’t call on us for our loans we will certainly come out safe and sound. If they crowd up we can’t pay for we can’t collect. Collections will be slow until after the crops are moved. This Is the time of year when all the merchants have borrowed money, and it therefore inconvei iences them to a greater extent than it would it any other season. Fletcher & |8hari>e have been liberal and the Meridian street merchants have the utmost confidence in their ability and intention to pay dollar for dollar. There will be no skulduggery; no throwing of money Into wives’ names: no preferring of creditors. Fletcher A Sharpe are honorable. As for Meridian street, It never was In better condition. You can depend upon It that there is not a shaky house on the street. Conservatism has prevailed; there has been no speculation, and debts are comparatively light and well scattered. I would credit any firm on the street, and this is the feeling of all the wholesale interest so far as I know.” The grocery houses are undisturbed. M. O’Conor had a surplus of $14,000 on deposit with Fletcher A Sharpe, none of which h43~been or will be employed In the firm’s business. Mr. Schnull, of Bchnull A

He Cannot Stomach Cleveland. Rochester, July 15.—Hon. Wm. Purcell* editor of the Uni^ was granted leave of absence until after November at his own request, because he says he can not with service to the party, credit to the paper, or honor to himself conduct the Union during the present political campaign. He has also sent in bis resignation as candidate for presidential elector to Chairman Manning of democratic state committee. No Man can Speak for Butler. Worckstbr, Mass., July 15.—Chairman Plympton, the leading Butler manager, arrived from Chicago this morning nut declined to make a dtflnlte statement in regard to Butler’s plans, He said no man had any authority to say what he would do. The Brash Company Defeated* New York, July 15.—The Brush Electric company against United States Electric Lightning company, was decided by Judge Shipman In favor of the latter. The suit has been pending four years.

Kicked to Death.

Newcomebstown, O., July 15.—During a over an old dispute, yesterday, G. . McNeely kicked Lewis Bromley In the stomach. Id filet ing Injuries which resulted in the latter’s death In a few hours. Both men were highly respected and prominent citizens. McNeely has not been arrested.

THE ART ASSOCIATION TOUR,

July 2Sth, is not to be composed entirely of artists, members of the association and their friends, but any one who would like to take the delightful trip at the very cheap rate offered can do so py applying before the number, fifty, D fiUed. ‘Tickets, sleeplng-c&r berths, etc., can be secured at 1M South Illinois street.

J. H. Martin

quarrel W. Mel

{CtronlarNo. 1] HxADqrABTXRS Defabtnewt Indiana. G AR,) Omci Assistant Adjutant General, l ' Indianapolis, Ind., July 7, X8M.) Tbe eighteenth annual session of the National Encampment Grand Army of the Republic will convene at Minneapolis, Minn, July 23, 188C The department of Indiana has arranged with the I., B. A W. railway for transportation, $18.00 for round trip from Indianapolis: and with Chicago. Milwaukee A St Paul railway from Chicago for $12 50; returning fta C. & N. W. er Bock Island railways. The department commander and staff, with department celors, will take above route from Chicago, and will be glad to have the comrades Join them In Chicago, Sunday aothlnst, or at the train, Monday 21st last Certificates of membership will be furnished all comrades b> application to the assistant adjutant general. For tickets, time of trains, sleeping car accommodations, and all Information regarding tbe trip, call on Comrade George Butler, general agent I., B. A W. B’y., No. 138 South Illinois street, Indianapolis. Edwin Nicar, department commander. Ben D. House, assistant adjutant general.

Krrg regarded the failure as one not calculated to seriously impair the business outlook. Dry goods men and representatives of other lines were visited and none of them look with alarm upon the situation, while all of them have a word of sympathy and an expression of confidence for Messrs. Fletcher A Sharpe. '

NOTES.

The Indiana National hank will protect checks drawn by the Farmers’ A Merchants’ bank of Winchester, Ind., on Fletcher A

Sharpe.

The Indiana National bank will protect drafts drawn by the First National bank of Lebanon, Indiana, on Fletcher A Bharpe. According to the recent report of the county board of equalization, Fletcher A Sharpe’s assessment was (112.973, of which $96,733 was on personal property. Mrs. Theo. P. Haughey came down town this morning in the interest of the Flower Mission, but when she heard of the ran upon her husband’s bank she hastened Immediately to his side. She bore the cheeriest, brightest, most corageous face of any, and there was a disposition among seme of the friends of the Institution to name her for the prealdency in case her sa gaclous and level headed husband ever resigned the reins. The impression has been given out that all money deposited at Fletcher A Sharpe’s after 3 o’clock yesterday will be returned. F. J. Van Vorhls deposited a trust fund of $2,000 in the suspended bank, last evening. A circuit court juryman had a check for $1,800 which he would have deposited If he had not been held ou the jury until after banking hours last evening. He Is truly thankful. . ( Speculators are willing to buy claims against Fletcher A Sharpe, but none have yet been offered for aale at less than par

value.

George F. Pfinget made a large deposit at Rltzinger’s bank this afternoon. Neither tbe county nor city treasurers have material amounts on deposit wHh Fletcher A Sharpe. The former checked out nearly the entire balance some ago, and nearly the same Is true of Mr. Pattlsou. Judge Norton did persistent service this forenoon In attempting to quell the run upon Ritzinger. He has $1,500 on deposit, which he let lemaln. City Clerk Buehrig last evening deposited $143 with Fletcher A Sharpe, and this fact worries him more than the possible loss of the $200 or $300 he already had on deposit Tbe Board of Trade. The]Board of Governors of the Board of Trade last night met in special session for tbe appointment of standing committees and the transaction of business of Importance. The following resolution was referred to the committee on by-laws with instructions to prepare a by-law In conformity with the spirit of the resolution. Whereas, By reason of the accumulated funds belonging to the Board of Trade, each certificate of membership represents about — dollars, which amount wltf be Increased as the annual dues for the next fiscal year are paid in; and Whereas, It Is Just that persons hereafter becoming members should pay a membership bonus, so as to create equality between them and tbe existing members; therefore. Resolved, That all persons becoming members of-the Board of Trade during the next fiscal year. In addition to the regular annnal dues shall pay a membership fee or bonus of dollars.” Tbe committee will agree upon the amount of the bonus and recommend Its adoption. A resolution was adopted reorganizing the committee appointed for the purpose of receiving propositions for.'centrally located grounds for the purpose of erecting a Board of Trade building after the expiration of the existing leas^ The Sentinel has a cock and-bull storv today that the foremen of the different departments of the Sarven wheel works, under instructions from the proprietors, were coercing the employes into joining Blaine and Logan clubs. Mr. Pratt to-day gives the report an emphatic contradiction, character Izlng it as unqualifiedly false. * The employes of the establishment are at liberty to follow their political inclinations, as beat they choose. The colored voter Is gradually coming out of the sulks. Last night the Indianapolis Plumed Knights was organized, with B. D. Bagby president, and the heart of Blaine was made to tintinnabul&te at once over a telegram announcing the glad result. As goes Indiana, so goes the world. The Richmond Roller Skate and Caster company was incorporated today. Capital $15,000. The George li. Thomas Post, G. A. R., will hold its last July meeting this evening.

great kxcitxnent. If you have money, and desire to make a good investment with same, you can buy goods by the yard or have garments made to your order for 28 per cent, lees at The Globe Tailoring Co. than at any other merchant tailoring store In the state. un 1 CLEVELAND AND HENDRICKS. Famous Eagle and their elegant clothing will cause success and prosperity to thia section of country, 5 A 7 W. Wash. st. Plain figures. One price. un tn ’ f A fECRET WORTH KNOWING: How to make “Empress” Tea. After a long series of experiments, we have produced, as the result of our labors, the “Empress" Tea, which Is a combination of several choice teas, so thoroughly blended, that when in the cup, ’tls Impossible to detect the presence of any one particular kind. This Is a result aimed at by many, but attained by few, and Is the perfection of tea mixing, Foote Bros., 20-22 N. Meridian. ut h-s,tu,th,s Clocks, music boxes, eto., sent for and re turned In order and warranted. Prices low. August Mat, Jeweler. 43 South His. st uv*-s,t,th At a trial of road machines which took plate at Nevada, Iowa, on the 28th ultimo, under the direction of the Iowa State Road Improvement Association, the Burton road plow, cruder and ditcher, manufactured by E Over, of this city, was awarded the first premium or mention, distancing the Pennotk and five others of more or less renown. PARROTS. A large lot of young parrots Just received, talking varieties. Call or send for prices. C. Schrader A Bro., 74 E. Wash, street. uu s Tbe most beautiful window snades ever seen in our city have arrived at Carl Molier’s wall paper store, 161 East Washington street. Also, a splendid line of wall papers. uv s Cheap sale of summer clothing at Arcade 10. ua z _______ Browning A Sloan, chamois skins, sponge s feather dusters, furniture polish. Insect powder and guns, moth paper, etc., etc. Apothecaries’ Hall, Nos 7 and 9 Bast Washington street. vz

OWING To our Large Purchases direct from FACTORY, We are beyond competition In our terms and prices. See us before purchasing a Piano or Organ. THEO. pm & CO., 82 and 84 N. Pennsylvania St. Knabe Pianos. Ithaoa Organs,

FOR FAMILIES WANTING PIANOS

AND

ORGANS. Parties at a dlatance desiring bargains should not fall to write for fuller deecriptlous. IST Second-hand Pianos and Organs at bargains. Tuning and repairing a specialty. Orders for moving given prompt attention.

P. I. BALDWIN A CO, 95, 97 and 99 N. Penn. St,, Wholesale and Retail Dealers In Steinway, Decker Bros , Haines, Fischer, Vose, D. H. Baldwin A Co., and other Pianos. ESTEY ORGANS. New Organs from $05 Up. tu.th.s

GRAND ENCAMPMENT FIRST BRIGADE Ohio National Guard AT SPRINGFIELD, O.

Four Reglmenta of Infantry, Four 12-gun Batteries of ArtiUery. •' Excursion to Springfield. $2.70 for Round Trip, July 17th, 19th and 20th. Thursday, July 17, for Sham Battle. Friday, July 19, for Grand Inspection and Review by Gov. Hoadly and staff, and Adjutant General Finley and staff. Sunday, July 20, Brigade Service, Review and Drees Parade. Excursion trains leave the Union depot at 4:90 a. m,; reach Springfield at 9:50 a. m. Returning, leave Springfield at 5:30 p. m. and 1:10 a. tn. Reach Indianapolla at 10:35 p. m , and 7.00 a. m. nn t

LOUIS F. BURTIN, Contractor and Builder, DOORS, SASH, BLINDS AND LUMBER. Shop and Residence, No. 13 Woodlawn ave* cor. Dulon st. Correspondence solicited.

SKIRT BOARDS, 3 to 6 feet. BREAD BOARDS, PASTRY BOARDS, BOSOM BOARDS, LAP BOARDS, AT Talbott’»Wood tad Willowwtre Store, Opp. PoetofBce.

Party Lunch Boards to rent.

Don’t Fret! Don’t Worry! Don’t Get Excited! “Country Isn’t Busted!” ‘•Home, of New York, ts all right:” BARNARD & SAYLES Take business as it comes.

m n SCALE PCRGATITIOH IAETS. To try is to use no other. J. F. SCHILTGBS A OO.. In rear of Bryoe’e Baken r. O. Box No. L MT The Mews holler uses this article.

WHB2T INDICATIONS. TUESDAY—For Tennessee and OMo raU«r Clearing weather tn the western portion, local rains, stationary temperature, winds shifting to easterly la tbe Ohio rallsy.

It is a well-known fact, under* stood by thousands, that we have, as usual, undersold all competition this season. It is furthermore known and understood that it requires a “cut” in prices from 25 to 59 per cent, on the part of alleged competitors when they attempt to imitate our prices; and a “cut” on one or two lines will not do it, either,—the ‘‘cut” must include the entire stock. A “cut” made in July, on a few lines, comes too late to be in the race even. Our guaranty is good; and, with a big trade, we are not called upon to take back many goods at the WHEN CLOTHING STORE.

Money Wanted! We want money, we have got too much stock, we desire to convert it into cash, hence we offer goods be-

low cost for the next 20 days.

SUITS, former price, $25.00; reduced to $18 00. “ “ “ 35 00; “ “ 25.00. “ “ “ 45.00; “ “ 33 00. PANTS, “ “ 7.00; “ “ 5.00. “ “ “ 10.00; “ “ 7.50.

Now is the time to get bargains at

The GlobeTailoringCo

Ftor« open from 7 a. m. to 9 p. m,

20 NORTH PENN. ST. ) “ CTR,C TaS.

The manufacturers haye just made a heavy cut In these goods, and la order to reduce our Urge stock we will offer any RATTAN CHAIRS in our windows at 10 per cent less than cost. This is just the season for these good*, and if you want a bargain call early. KING & ELDER, 43 and 45 South Meridian Street.

Illiana Coal. Positively will not slack. Ask Your Dealer for It. $2.50 PER TON; 9~If your Dealer hasn’t It, call at Company’s Office, 10 Fletcher & Sharpe’s Block. •

The Excelsior Steam Laundry Still heads the proceesion in its appointments, as well as quality and quantity of work done. It is the best

8. Tennessee St. Telephone No. 249. MAJOR TAYLOR, Proprietor.

BACKUS ROAD CART CO’

MANUFACTURERS OF

Carriages, Phaetons, Buggies, Carts AND BUCK BOARDS, Both at Wholesale and Retail. Give us a Call at our Rooms, 12 and 14 Circle Street. thj.tu

JEFFERS’ CASH PAINT STORE,

S*; No. 35 South Pennsylvania St.

Paints, Oils, Varnishes, Brushes.

'.Cash Discounts all off to my customers.

RECEIVED DAILY Strawb erries POW E R'S,

80 N. Penn. StJ

w.f.tn

Try Bryce's Patent Machine Bread.

WHY ;DON T THEY ? As we lave before remarked, why don’t our would-be competitors come out boldly as we do and give prices on Clothing? For the simple reaeon that they can not meet the prices we are giving at our Great Mark-down Clearance Sale. The cut we make In our Men's Suits is continued through all lines and all departments, and we give such bargains in our Boys' and Children’s Clothing as this community has never known before. CHILDREN'S ONE-PIECE KILT SUITS, of good value, at $3, marked down to ; $1.25. Handsome lines of finer grades of Boys’ and Children’s Suite at from $2.50 to $8—sold 50 per cent, higher earlier In the eeaeon. Large lines of Chldren’s Knee-Pacts from 50c to $2. I3T Remember this reduction extends through our entire stock of Spring and Summer Goode,

CLOTHINQ

MODEL

COMPANY.

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