Rensselaer Republican, Volume 27, Number 23, Rensselaer, Jasper County, 13 February 1896 — SEVEN SAILORS DIE. [ARTICLE]

SEVEN SAILORS DIE.

SCHOONER WRECKED OFF MAS- , SACHUSETTS COAST. t-+ ——— Fruitless Efforts of Life-Favers—Pub-lisher Panlop Must Pajr Bevere Pedalty Brightee Business Outlook -Morgan Syndicate Shbrt on Bonds Seven Lives Are Lost.. A three-nfasted schooner was wrecked Sunday- night jjwaf* a .mile - qff -Salisbury, beach, near Amesbury, Mass. The schooner, presumably the Florida, of Rockland, Me., was driven on the beach in a heavy northeast gale. The sea was so heavy that to launch a small boat was out of the -question, yet in the face of this peril two of the crew could be seen making the attempt. The boat was taken up by a huge wave and tossed beyond their reach. The crew made for the rigging, one, thought to be the captain, lashing himself'to the mainmast, where through a glass an hour later he appeared to be dead. Fire of rhe others took to the mizzenmast, lashing their bodies to it, while the seventh man lashed himself to the other mast. TheT’lum Island life-saving crew was notified and drove over the ten milesofrough road in the lifeboat behind 1 four hpfses. Soon afterwards two bodies were washed ashore, and soon after it cleared for a few- minutes, when it was seen that the masts had been swept away and the other live hacFgohe flown lb a" watery grave 1 . 1 Morgan Syndicate Short. The Morgan pool at New York was busy Friday selling bonds at the market rate of 110%. There were reports iri Wall street that Mr. Morgan was also a buyer of bonds, which was not unlikely, as they are regarded as sure to advance to 120 within a short time. It is said that the Morgan people, Tike many others, have contracts*for the delivery of many of the bonds, and find that they are short in the supply they expected to get. Late "in the day, too, came a report from Washington saying -that the Morgan syndicate was only to get $33.000.000 of the loan. This was a great surprise, ns on Wednesday the general opinion of those who heard the reading of the bids was that Mr. Morgan would get at least $50,000,000, and Mr. Morgan reported the treasury clerks had given him $57,000,000 as his probable allotment. At the subtreasury in New York there was an inrush of gold for examination, which means that those who are in and above the Morgan bid arc placing their gold for safe keeping in the treasury vaults until the arrival of the official notification that bonds have been allotted to them. Turn in tbe Business Tide. R. G. Dun &■ Co.’s Weekly Review of Trade saysi ■ << Thej.wenderfal success- : o{; the popular loan aliers the face of events. The influence upon all manufacturing and all trade cannot be lightly estimated. —It puts the treasury on a-safe-basis for the time, whether Congress does anything useful or not. It notifies foreign nations that the United Stages has power as well as purpose. It unlocks millions of gold which have been gathered in preparation, brings directly several millions of gold from Europe, and stimulates the anxiety of foreign investors to obtain American securities. 'With such a revolution in business suddenly effected, the customary records of the lgst week and month are of -less valde than usual.” Cell for flu til op. Jqfpph R. Dunlop, publisher of the Chicago Dispatch, was sentenced Saturday by Judge Grosscup to pay a fine of $2,000 and serve- a term of two years in the. Joliet penitentiary for the* offense of using the United States mails to circulate an obscene publication. A stay of twenty days was granted, pfendiug an appeal to the Supreme Court.