Rensselaer Republican, Volume 28, Number 15, Rensselaer, Jasper County, 12 December 1895 — EIGHT MILLIONS GONE [ARTICLE]

EIGHT MILLIONS GONE

TOBACCO TRUST LOSES ITS; BIG SURPLUS. ! :/ *> » ■ \ c*. New Issue of Bonds Said to Be Imminent -Twenty-eight Sailors Drown-r K ing; Menqlik Defeats Italian Troops ■ in Al»-«cirila. ■ I Pass a Dividend. The action of the directors Vis the tobacco. thist. otherwise known as the AmoHcau Tobacco .Company, of New York, in giving noth* that they would pass the February dividend may result in I investigation. The stoekholders arc very niivimis tor an exnlanal, tion from the directors of what has I)6'eome of the big Sjjotlus of more than SS,000,000 and the apparently sudden contraction -ofeaTilings which led the management to pass*’ tlie next quarterly dividend on the coffijiioii stock, although the vague statement given out on Saturday distinctly stated. that there would lie a sm-ptus dr515250,006; or nearly 7 per ceitt., :ifter fiaying The rlividend on tlie' jireferred stock. The investigating comli.inee -which - is to be (.rguiii-zed—by-“Messrs. RolstUff a nd Bit ss and J. S. Bnc-he & Co. at ail early meeting of the stockholders is determined to sift things' to the bottom and find out whether this great company, with $30,000,000 of being run ill the interest of speculators, who sold out all their holdings at high prices and then went short of the «toek, or jv'hethcf the managers liaveajiowed the revenues of the companyATTKe willed out by warfare with coin pet rKtys. ■ Treasuty Needs Money. Washington dispatch; The statement is made by persons who are among those best qualified to judge that iii-tlie absence (TJegisTTfimi tT) relievUTEFfinahelaTsTluation another bond issue is altogether jirobable within the next few months at tlie farthest. The present condition of tho exchange market, and the commercial situntioTi' generally, it ts said, point unmistakabiy to further large'"withdrawals of gold, and unless something is done to prevent the usual heavy exports during .1 unitary and .-February, which for the last two ycirrs have forced tiie issue of 1 bonds to recoup the depleted gold re--sen e. it .sitnilitf situation will confront the treasury before the new year is far advanced.

Yolcano Reported in New Mexico. It is reported from Las Cruces, N. M., that St. Augustine Peak, forty miles east of that town,, is in si state of eruption. The discovery was made by David wiving and Elijah Davis. They heard a rumbling in the earth, followed soon by an explosion. About half a mile‘from them on thejiortli side of the peak a large granite bowlder soared aloft and fell with a ,-erasli among the loose rocks. ’The flight of the bowlder was followed by a pqff of steam and ashes. The family of. 'Mr. Hufford also sa w the eruption. Indians Are Doin'!? More Scalping. A report received at Foi;t Grant, Ari., says that White Mountain Aphohes were caught in the act of killing cattle belonging to settler.^-oil CilTieu < 'reek,bout eighteen iniidS west of f'yi't Apache;' andthat a tight Jook place between the 4ndjanffsaiul cowboys- in which 'one Indian was killed. Troops and Indian police from i£eri Apache started for the trouble at once. > Capt.- MeGor- ~ miek's troop is thought to‘he close on the trail .of tho murderers of Merrill and daughter. Steamer and Crew Lost. The British steamer Prineipia, Captain Stannard, {from Shielf via Dundee for ■Yew York, took tire in the fore hold when about forty miles north -of Cape Wrath, on the northwestern extremity of Scotland. She ran for one of the Faroe . Islands, struck', a rm-k and went down with twenty-seven of her crew, only one, Henry Anders, of Rostock, being saved. He was taken from the water after clinging so the wreckage for eighteen hours. A passenger named Jackson was also drowned. Italian Troops Fight a Battle. The army of King Menelik, of Abyssinia, consisting of 30,000 men. was surrounded Sunday and surprised by five companies of Italian troops under Major ■Toselli nt Ambalagi. < ienefal Arlmondi, with another body of Italian troops, advanced to the support of Major Toselli, but was stopped by the enemy. A severe buttle was subsequently fought, in which the losses of the Abyssiuians were heavy; but Major Toselli's command of 900 men wns'anuihilated.