Rensselaer Republican, Volume 27, Number 38, Rensselaer, Jasper County, 16 May 1895 — LOSS SCARES THEM. [ARTICLE]

LOSS SCARES THEM.

LAKE INSURANCE CIRCLES IN F A FLUTTER. Crops Are Yet Unhurt by Frost— Death of a Famous Surgeon—Three Men and Eleven Horses Die in an Erie Wreck. Underwriters Rattled. The loss of the Cayuga caused a good deal of consternation among lake underwriters in Chicago. Following so closely on the heels of a large number of heavy losses the sinking of the Cayuga and the probable loss of the entire cargo was a severe biow to the in sura nre business. Among the practical marine men it was believed the steamer could ultimately be got afloat again, but it was thought the expense would amount to nearly all it was worth. The work, must be done with pontoons, and will be a long, tedious job at best. If the Hurd was at fault for the collision the Lehigh Valley line will not get much out of it. The total loss on the Cayuga and cargo is about $300,000. The liability of the Lake Superior line is limited to what the Hurd is"wbrth after the collision, which may be SS,(XX) or $6,000 Crop Prospects Greatly Improved. R. G. Dun & Co.’s Weekly Review of Trade says:-—“The-event of the week Is the demoralization of foreign exchange, caused by enormous sales of bonds abroad. Besides a sale of $10,000,000 Manhattan and other railroad bonds through the syni dicate large purchases on foreign account i have been made for some weeks, so that i the aggregate probably exceeds $50,000,000 Since the sale of goyernments. Safety for the summer means much for all business, and the syndicate deems it so fully assured that it distributes 40 per cent, of the money advanced by its associates, which relieves a large amount to stimulate operations in securities and products. Crop prospects also have greatly improved and this is of still higher importance, as it will do much to determine the character and volume of all business after summer uncertainties* are over. In addition business is reviving, although the gain in great industries is retarded by many strikes.”

No Serious Damage. Cheering news comes from the fifteen States visited" by frost Sunday morning. The crops are reported safe. Wheat and oats escaped uninjured, because neither had begun to joint, and where cut down by; the fropt or heavy rains will sprout agaip. Corn was slightly nipped by the cold in a few States, but not enough to occasion the slightest alarm that the yield will be affected to any noticeable extent. In a general way this states the condition of the three great staples in the Mississippi valley. There is no longer any ground for a scare in the face of these facts. Ou the contrary, the outlook is said to be better than it was May 1, when it was unusually promising. Small fruits, garden truck and vegetables have suffered from the frost in a few of the Northern StateS, but no da ma ge 0 f any consequence is reported elsewhere. Scheme to Get 11 Firm’s Checks. . April 23 a stranger giving the name ot L. C. Rogers rented a box in the Stillwater, Minn., post office. He commenced sending postal orders to various business houses in St. Paul and Minneapolis, the amounts being usually sls. He sent one to Dunham & East ma n without announcing what it was for, and next day wrote them it was a mistake, asking them to send a check for the amount, which they did. He raised this check to $645 and got the money from the Northwestern National Bank, Minneapolis. He also forged the firm’s name on the back. Next day he presented another forged check for $465, purporting to be from Dunhajn & Eastman, receiving the money. He tried the Security Bank next day for SBOO, and when payment was refused the fellow vanished.' The hist time he gave his name as Coyne. Surgeon of Two Wars Passes Away. Dr. J. D. Robinson, who performed the first amputation in the war of the rebellion, died at Wooster, Ohio. Friday evening. The fact that Dr. Robison was entitled to the distinction was recognized by the Government. The operation was performed upon James E. Hanger, a Confederate soldier, who was wounded at the battle of Phillippi, W. Va. Dr. Robison served through the Mexican war as a surgeon, and during the war of the rebellion established half a dozen hospitals, at one time having charge of the national hospital in the Patent Office at Washington, D. C. He was born in Wooster April 23, 1820. Death on the Rail. On the western division of the Eric three miles west of Hornellsville, N. Y.. at an early hour Sunday morning, a fast freight was thrown in the ditch by a broken wheel and ten ears were piled up in a confused heap. Three men were killed and two hurt. Eleven horses also were killed.