The Inter Ocean from Chicago, Illinois • Page 1

The Only Chicago Papar Having a Vorlfi-Vidj iio. A at ai 4 a 77t OnZv Paver in The Only Paper Chicago that darcz to print the Chicago that dares to print the News. T'XXl i HI! Xy (v mt VOL. NO, 48. SOLDIERS REVEL AT HI InTestlgator Frankly Says That Canteen Could Not Possibly Be Worse." SALOONS ARE FILLED Maioritv of the Men at Fort Sheridan Hurry to Spend Pay.

COLONEL BARS BOOKMAKERS Twt Mtakml Safeeosaaalttee of la. aalrjr- Wltaeas the CHlo Dr. Parkkani Expected Make a VIelt Today. 4 VlO Colonel Van Horse, commander of the Doet at Fort Sheridan, wu lamenting the fact that none of the members of the forest! gallon committee appointed br the Anti- Canteen organisation had come in person to see the effects of par day on the 900 soldiers who received money yesterday, two. mem-brs of the subcommittee the ReT.

S. B. Ieztcr of the Humboldt Park Baptist church and W. E. Nichols quietly got off ths train Hlrawnod and made a careful scrutiny of the town.

It was at o'clock in the evening that the two made their appearance. Revelry was at Its height. Five hundred soldiers were lined up in Irregular squads at the eight saloons the little town affords. Half of them were gloriously drunk. The rest were later comers, and were losing no time In Imitating lit example vi wtir lwiui laveatlsrater lor Caateea.

After passing through two or tnree 01 xne saloons and observing the various stages of carousal and drunkenness. Mr. Nichols let fall the remark: "The can tern would be better than this." He looked at the Rev. Mr. Mr.

Dexter smiiea. dui reiusea to tui-j bis impressions. In Fort Sheridan and Hlghwood the one expression was that 'last night's -revelry eclipsed anything ever witnessed In the days of the canteen. "I understai said Mr. Nichols, "that when the canteen was in force soldiers when Intoxicated were refueed more liquor.

Bui from what I observed tonight they were served vrita drinks as long as their money lasted." Dr. Parkburst was UI yesterday and un able to be present to witness the pay-day features. It Is his intention, however, to visit Fort Bneriaan toaay, wnen, ii is inougui. conditions will be even more favorable for gathering testimony. Yesterday was the third pay day at Fort Sheridan since tho abolition of the cantoen.

Abcut WO men received, for the first time, a full month's pay. Including six companies of the Twenty-Ninth United States Infantry and about V4 members of the Ninth field battery of artillery. Assistant Paymaster Major Lord paid off the men. The average of each man was $13. and it was estimated that $12,000 was disbursed.

Staaaaede tm Hlajaweed. filz hours were consumed br the ceremony "paying off." By 3 o'clock In the afternoon every man had received his monthly allow ance. and the thoroughfares leading to the neighboring resorts were thronged. High wood was the Mecca of the majority. There everything was wide open.

Several handbook men, who had come to Fort Sheri dan, on the early trains from Chicago, were ordered away by Colonel Van Horne. But Hlghwood itself afforded excellent opportunities for the expenditure of. the men's money. The eight saloons of the place were prepared for rushing business. Extra bar tenders were on hsnd, supplies of beer and liquor -were well stocked, and mirrors and floors were especially polished for the occa Ion.

Games of all kinds were in progress In al' most all of the saloons, and as these resorts are mostly in the hands of members of the village board and county officials. It was assured that the soldier boys got their "money's Slot machines, crap games, and poker games were in evidence In the saloon of John Ben-sen, an alderman of Highwood. The treasurer of the village. Ed A. Welch, did a good business.

Alderman J. Gibbs kepi well within the Umrts of the lew In the regulation of his saloon, but. W. J. Welch, Dan H.

Murphy, David Mcrren, and Huestls Smith ran wide-open places. Caastable at the Bar. Richonwald. a constable or una county, makes things hum tending bar for Saloonkeeper J. V.

Garrlty. President of the Village Board Hogan, generally known as the mayor of Hlghwood, allowed a "ladles' entrance" sign to be attached to his office building as a landmark to a prominent adjacent saloon. The quarreling and shouting of the CCO or more soldiers was at Us height when the' word was passed around that "rubber necks" were la the crowd. This referred to the two members of the committee, and some of the salmons began to empty and some of the revelers turned toward the post. It was noticeable that no money was spent in the grocery stores or kindred chsnnels.

Everything went over the bar. One prominent saloca-kt-eper remarked that It was the wildest pay night since the abolition of the csnteen. Certain it was that all records were smashed. Five men were arrested as early as sundown for appearing drunk on dress parade. Five failed la put In an sppearance at all.

As this was ths first paiade for the new regiment Colonel Van Home had given itrict orders for every man to be present; MRS. BOTHA REACHES DURBAN. Oa Her Way to See Kruajer with View to Eadlag Boer War. pocUl CU to The Inter Ocean. DURBAN, May 10.

Mrs. Botha, wife ef the Boer Commandant General, has arrived here en route to Holland, where she will sec Krugcr snd request him to urge her husband to abandon the war. She is accompanied by number of Boer ladies. GH'OOD INJURED IN RIOT IN DETROIT. Attentat to Sappreaa Ors tar Leads te Lively CaaflJet.

Special Dispatch to Tha Inter Ocean. DETROIT. May 10. Detroit's streets tonight have been- in a condition bor dering on riot since early candle-light. The new police commissioner, Frank Andrews, had announced that he Intended to abolish the public nuisance of single tax, free sil ver, and anti-monopoly talkers on the streets, and a crowd of fully 10,000 gathered to watch developments.

The net result, so far as known. Is twelve citizens and five policemen Injured. The names of but two of the Injured cltlsens are known at present. They are Mike Waldln and Louis Caplin. Both men had their heads crushed by being trampled on by horses rid den by' the mounted police in a charge on the crowd.

The policemen Injured are James Tuomey, scalp cut by brick. Henry Scott, hit on head with cobbletone. Thomas Murphy, cheek cut open with brick. George Moore, badly cut about head by brick, and taken home in an ambulance Barney Roonaa, hit with a brick. When Tom Bawden, the single-tax orator, attempted to make a speech the mounted police rode up and down the public square and, assisted by the patrolmen, compelled the crowd to move on.

This was not enough and tho employes of the board of public works were called out and turned a two- Inch stream of water on the crowd. The hose was cut and ths man who wielded the nossle was driven Into a saloon and pounded ever the head with an. Iron cuspidor. Bawden drove from place to place trying to obtain quiet enough for a public hear' lag, but everywhere be lingered the mounted police and patrolmen were present and pre vented the people from gathering. There were several Incipient riots which were quelled by the free use of police clubs, and Mayor, May bury, mounting Tom Bawden': wagon In the driveway, on the postofflce lot.

informed the people that their rights were being trampled and that, the police had no authority to stop free speech. Tom Bawden was finally arrested and after he had been released on bail furnished "by the mayor quiet settled down upon the city. No such scenes have been witnessed In Detroit since 1890, when the populace, at the suggestion of Fingree. who wac then mayor, tore up the street car tracks and forced the street-railway company to compromise with its employes. The sentiment of the best people is with the attempt of the police commissioner to enforce order and decorum upon the streets.

GYPSIES CHASE HORSE THIEF. Xoaaada Kaaraare la av Lively Pwraalt Archer avenue was the scene of a lively fcorse-thlef chase yesterday rxroming in which four shots were fired, the stolen animal re-; and the neighborhood thrown into About 4 O'clock "Princess Zella" Stanko- vitc-h, who la a member of a baud of nomads which Is camped at Forty-Sixth street and Archer avenue, near the Crescent Gun club's grounds, was awakened by a noise In tho vi cinity where the hones belonging to the band were picketed She sprang from her couch and aroused her father In an adjoining tent. He hastily dreeeed and reached- the alley leading to the gun club's shooting platform Just in time to see a horse and rider dash by audi turn west on Archer avenue: Then he shouted George fcadt also been aroused, and together tbev ran to where their horses. were, mounted, and started In pursuit. On went the thief with the iiomade shouting.

In his rear. It was dark, and a slight fog obscured the vision. For two miles the chase continued at a breakneck speed. Then the gypsies began to gain on the horse thief. When they drew dote enough Stankovitch fired four shots, none of which took The thief, however.

Jumped from tho horse, leaped ever a fence. and disappeared' In th woods. When the animal had been recovered Stanley and Stankovitch mad? a search for the man. tut cculd find no trace of him. It Is thougnt the thief was a tramp, who had been hanging about the camp Thursday.

The horse stolen was one of the animals saved from the prairie fire at Irondale a few days ago. PRISONERS ON PUNISHMENT, Practically- I'aaalaiaa Derlaioa That Tern a Bhoale! Sot Be The prisoners In the county Jail yesterday decided thst severe punishment does not tend diminish crime, after a debate whica lasted for an hour. The discussion was held nr.der the auspices of tie John L. Whitman Society for ths Moral Improvement of Girls. The speakers were H.

T. Allen, who is await- ng trial on the charge of swindling Mayor Harrison by means of worthless stock, and Nathan Fisher, president of the assoclstioaj "It stands to reason," said Mr. Allen, "that luavy punishment doesn't lessen crime. For instance, suppose thst all of us ars guilty, If we are sent to the penitentiary for long terms we will spend all the money we have4 made for comfort and bribes, and will hav to commit' other crimes as soon as we get out. We'd have to turn our hands to the first thing that came up eltbes burglary or larceny.

'Now, if we are given light sentences, well have some of the dough when we get out, and ran wait till we can do up a sucker from the country, and that's no crime." Mr. Fisher took the opposite side of ths question, but the prisoners thought of Joliet an! agreed with Mr. Allen by an almost unanimous vote. DIAMONDS ARE Worth More thaa 1,000 Re. alored to the Owner.

Detectives Murnane and Mahoney of the Stanton avenue police station yesterdsy recovered diamonds worth more than fl.Wti belonging to Miss Msrion Ford, daugnter of J. W. Ford, a roofing contractor, living a No. 3223 Wabash avenue, and arrested Mary Doolcy, a servant, who confessed to taking the Jewelry. The diamonds were carried by Miss Ford in a chamois bag, and mislaid while the family was moving from No.

J15 Michigan avenue. Tbo bag contained one brooch, set. wit'a nine diamonds, valued at $300; one soli taire diamond engagement ring, valued $300; one pair of diamond earrings, valued at tVA, and two diamond rings, valued st $200. The servant at first denied having taken th property, but later Informed tha officers where It cculd be found. i a of CHICAGO, SATURDAY lIOKKr MAY 11, Chicago: LOVE LAUGHS AT SERVANTS, TOO Three of Them Pro No Here I Effectnal than the An-" cieit Loek.

ABDUCTION CHARGED George G. Hunt and Charlotte King- Are Missingr from Bristol. PARENTS ARE IN HOT PURSUIT Appeal Made. to Police or Aid In the Sea eb Clothe ai Diamonds Cie with neveateea -'A Year-Did Girl. The town of Bristol was thrown Into a fever of excltement.yeaterday, The cause waa the disappearance For Miss Charlotte King, the handsome 17-yeaf-otd stepdaughter of H.

Walker, one of the society belles pf the section. Stories sfabduet ton and kidnaping are rife' in the town, but-some smllo and say that the charms of young George C. Hunt, who has also dissppaared. Induced Miss King to leave her happy home. The usual kiss of forgiveness of the relent ing parents does not, however, await the rs-turn of the two.

Instead the honeymoon Is likely to be terminated abruptly should Po liceman Moberg of Evanston discover their whereabouts. He has in hia possession a document calculated to destroy the romance attached to the incident In the shape of a warrant sworn out before Justice Ely of Evanston by --the stern parents, charging young Hunt with kidnaping and other crimes and misdemeanors. Love Laaghs mt Servants. Thursday and- Mrs.i Walker paid a visit to Chicago, leaving their home. in Bris tol In chargs of thrse servants.

Love, which. is supposed to laugh at locksmiths, laughed at the "hired girls, and when the Walkers returned home Ihey failed to find their daughter waiting to welcome them. On Inquiry they found a clew, ths servants -informing them that young Hunt had ben seen leaving the house a few hours before with an armful of the daughter's Although only 21 years old, he Is said to be of a practical turn of mind. He figured that as the time to get the trorieau was limited bo would Just take what "was ready, Inei dentally he wished his young bride to sp-par at her best, and Mrs. Walker ssys he look a handful of diamonds, said to be worth $1,000, wheh had been left to Miss King as legacy by her father when he died some yesrs ago.

The young people were traced to the sta tion of the Chicsge, Burlington and Qulncy railroad, where they took a train In the di rection of Chicago. As It was Iste the parents decided not to begin the chase until the following morning. Search Is Fraltteaa. Yesterdsy they started out in quest of ths missing daughter, and as there Is a friend son of Charles G. Adams, whom Miss King son of Chsrles G.

Adams, where Miss King frequently visited, they hied themselves hither, only, to find she bad not been there. Without waiting to hear the. expression of sympathy of the Adams family they went to Edgewater, to the home of George Hunt, an uncle of the alleged kidnaper, but met with no more information. Borrowruiiy they re turned to Evanston and Invoked the aid of the police. The romance which has ended In the elope ment began over two yesrs sgo, but Mr.

and Mrs. Walker had but little sympathy with the wooing and sighing of the lovs-lorn Hunt, acd rejoiced exceedingly when they thought they discovered a short time ago that the daughter's love for him was waning. In tact, she is said to have shown a marked averalon to him, but the parents are won dering now if It was not pretended Instead real. Mrs. Walker said last night tbet she was sure George Hunt had drugged snd abducted her daughter, as she bad manifested such a dislike toward him lately that she "A little tr like that? Certainly." never would have -r- ft heme of her own ac Mr.

Walker, tb stepfather ef the girl. Is a stepbrother of C' Hes M. Walker, the cor poration counsel Chicago, In the case" is a son of Graham Hunt, a well-to-d farmer living near Bristol. "FLYING MACHINE FOR RACE. Aldersaava.

II a a Aatomi If 'Alderman' t'cfceaae tm Beat tke le Metito. a scheme tor ward Ih- spectioh' Is realize 1 he will make Alderman Scully's autorootilo look like a fruit vender's push cart. 11 Las been negotiating with the builder of a machine, and when It is' completed hss promise of its use for tho Inspection ef t- ireets and alleys of the Thirty-Fifth war Ths Inventor lives Just across the north and structed on scion" that may be vertlsements or of the ward, at North vkcuesr Ho' has con-i new style of kite any flyir.s- L.li it ove the busi ness centeri of Chicago. lie promises that the flying machine he is building will be as successful as hia I tea, With-' the aid ot a powerful glass and a big camera, 'Alderman, Race will Bit abouthis ward looking for mudholes and garbage beapa and take holographs ot them. His flying machine, he says, will gd where Alderman Scully's aut mobile wilt stick In the mud and "become a useless as a stone wagon for inspection pur; jes.

He thinks he can view overy nook ud corner of his ward on his flying machine while Alderman Scully la running around over half a dosen well-im proved streets: i Alderman Sculiy took Superintendent of Street Cleaning Solon through the Thir teenth ward yesterday In his automobile. struck a three-minute gait at once," said Mr. Solon; "and made the bicyclists look as if they were rising brtomsttcks. We rode so fast I couldn't t.e an alley when we passed We would i spinning along a street ustil we came to an alley the alderman wanted to Inspect, and he would turn in so quick I thought the machine would go over, I didn't see much vt the streets and alleys. 1 was so busy hoia ng on to the machine.

It was my first autt tobile ride, and I liked It." shall' IN commons. uoveraiueat Majority of Only 'lr LOXDO.V. V-y 10. In the House of Com mons tontyht tl Kovernment had a narrow escape from The Scotch education estimates were leg discussed snd a mo tlon to reduce one of the Items was" defeated by a majority of only twelve. CF THE tl FWS for lli iraga Today Follovrr.l fc- Kalr.aad Slisht lr Colder.

-i lit ST PAGE. Soldiers revel at lllnkwaod. lve laah. ut servants. aake ateamrr haras aad five perlah.

Wall afreet rrcowi from paste, IK( OVD P.4UE. -Hollaad's 3fe Vork letter. Galea a a still Imdlsg moaey. THIRD PACE. Bitter epithet taw Klag Edward.

i Calaa aaaaairo deflaat attltade. State'a attorney as prlaoaer. kk page. I.a t-ollette ri eu rleetloa of Wli'i iln. i la laaoraaea Tbtrteealh wntilrri object to i Til PACE.

Ilollaeaa mk nlloa la frrsir. "The Idler'a Book. Forliae of 7' for a arse. I'll PAGE. PAGE.

MA Child of Boelety atn Mayor aaya 1 I Waddell bile hi Good aport i Sen York -Goirmuc Weekly rn I liiuraiM- 'I Sewa of i xiaht." i the day. will bark O'Xelll. ITII PAGE, i Hp a a hip. r-- ii other. Vuri h.

I If PAGE, flnaarial review. report. I PA 12. trade. Til PAGE.

I laLri. 1901. TWELVE PAGES. LAKE BOAT BURNS ID FIVE PERISH Steantr Bon Vojage Takes Fire in Lake Snperior and Is Destrojed. DEAD ARE ALL WOMEN Less Their Lives by Drowning T' 4 CREW SAFELY GETS TO BEACH Men Paaaeagera Also Save Themselves Disaster.

Oeesrs.Hesr Hoaajst tea Veaael Is a Total Li Special Dispatch to Tha Inter Ocean. HOUGHTON, Mich May 10. The passenger steamer Bon Voyage caught fire id Lake Superior tonight and was beached near the Portage ship canaL A telephone message from Ked Ridge, the village nearest the spot where the steamer waa put ashore, ssys that five passengers, all women, were drowned in getting from the boat to tho shorn. The rest of the passengers, all of them men, and tho crew, escaped in safety to the beach. The burning steamer was first sighted about 9 o'clock.

She waa then several miles out from the shore, and was headed for the beach. The steamer waa burning fiercely, but was apparently in control of the crew, who did not have time to make.the ship but headed for the shore near Red Ridge, south of the canal. The steamer struck the bottom nearly a mile from land, owing to the shoal water. Observers from a distance failed to see the life boats lowered, but they must have been used to aid the passengers and crew who escaped. The tug Mary L.

left the canal, fol lowed by the tugs Meldrum and Fred A. Lee. The steamer was seen to be wrapped In are from bow to stern, and must be burned to the wsters edge. She will probably bo a total loss. She, caught fire on the last trip down irom Uuiutn, but was saved by the crew, The Bon Voyage was owned by Singer's White Line Transportation company of Du-lulh, and traded between Duluta and the ports of the copper country.

She was former ly on the run between Chicago and Sauga tuck, and was brought to Lake Superior two years ago. The Bon Voyage measures 600 gross tons, and is 153 feet long by 30 feet beam. Boat Slaka aad Two Are LoaT. PORT. HURON, May 10.

The schooner Fostoria, in tow of the steamer Annie -Laura, -collided with a huts rk nf tea in St. Clair river this evening and sank aimost immediately. Two sailors, whose names are not known, were Three members of the crew were ssved. They are captain AiDert Lockert, Sandusky. Ohio: Annle.Loekert.

daughter of the captain, cook. canaussy, unio; Albert Cronk. mate, San dusky, Ohio. yc. They were brought here on a tug.

and tak en to a hotel where medical attendance was summoned, but all were found to be In a critical condition, owing to their Immession in the cold water. The two sailors hailed irora ssandusky. but Captain Lockert nnd Mate Cronk have not recovered sufficiently to tell their names. Their bodies cannot oe louna tonight. The Fostoria and the Annie Laura lay In port all day on' account of the dense fog wnicn aeiayea-all navigation on the river.

About 6 o'clock they stsrted out. and Immediately encounteredthe heavy Ice which the current was bringing down from Lake Huron. When abreast of the Grand Trunk dock, 100 feet south of Fort Gratiot light, the steamer blew four whistles for a tug to help the two boats out of the river. Before tho tug reached the boats the Fostoria collided with the big cake, which broke in planking and, timbers, and'the schooner sank almost immediately. All-the members of the crew were thrown Icto the water, and the three saved were rescued only with great diniculty by tho men on the tug.

Too Fostoria ia owned by E. E. Koch of Sandusky, O. a PMC I Wall Street Recovers from the Shock Thursday's Crash and Settles Down to Business Again. PRICES BOUnD UPWARD Bargain Hunters Out in Full Force with Their Cash Eager to Grab Up Dividend-Paying Shares.

WAS DUE TO HILL'S Otto Kahn of Kuhn, Loeb Co. Says That the Northern Pacific Magnate Refused to Consider a Proposition- for Protection of Union Pacific Interests J'-'- and Trouble Resulted. Special Dispatch to The Inter Gctan. NEW YORK, May 10, Wall street came up smiling this morning and began to do busi ness at the same old stand Just' as if the whole district hadn't been shaken from cen ter to circumference" only twenty-four hours before. At the opening the market was nat urally feverish, but there war no trsee of panio conditions and there was that In the atmosphere which seemed to convince ever; body that the worst was over.

There wss an average aivatjoa of about 2 points all throusd. 'ieourl Pacific wss ex- 5 ri-ta tiLer than It -closed on Thursday cUht and In short time made a further advance of more than 2 points. Union Paclfis common was up 5 points at the opening, than loet about all it had gained and finally steadied about 11 o'clock to a figure 2 points above closing. Atchison. Topeka and Santa Fe common opened-3 points higher and the preferred gained 4 points.

Delaware and Hudson anl Delaware, Xaekawanna and Western gripped themselves right at the opening and recov ered about 10 and 16 points respectively of what they loet on Thursday. St- Paul opened at an advance of 14 points: Chicago, Bur- linirtnn and Oulncv 8. and Rock Island 5. Of course there were some reactions from these opening figures, but they were not importsnt. Toward tha close of business the tendency was all upward.

In the local traction stocks Metropolitan Street rallwsy showed a gain of 6 points at the opening; Manhattan, lis pomis, ana Brooklyn Rapid Transit 3V4 points. United States Steel showed an advance of 4 points, while the preferred gained points. Sugar opened with an advance of 2 points and In a short time went 4 points higher. Amalgamated Copper was strong on a 4-point rise, and General Electric showed a gain of 10 points. Heavy Baylnc; ta Loadaa.

All these advances at the opening here had ben preceded by heavy buying in London for the New Tork account. Under this buying the London prices for American stocks this morning showed a marked differ ence over the- closing prices on Thursdsy night. St- Psul gained 18M points on the other side of the ocesn; Union Pacific. 8: Atchison common. 3 '4; Atchison preferred.

6. and United States Steel. 34. Immediately after lbs opening here there was fairly heavy buying for what was sup posed to be the account of J. P.

Morgan i Cc. Kuhn, Loeb at and other interests which have been Identified with the great consolidations and amalgamations. An order for 2,600 shares of Erie was sent in shortly after 10 o'clock, and was executed at and so. a tew minutes isier i.suu snares were benght at tt, and shortly after 11 o'clock 3,400 shares were bought at S3H The open log sale of St. Paul, in which unusual strength was shown all day, wss 4,000 shares at 132 to 155.

Somebody was after the preferred stock of the United States Steel company 1th hot irons. The stock exchange gong, had hardly sounded when or ders for 18,000 shares were dumped Ja oa the floor, and the shares were bought at from 90 Vi to 92. Somebody else was after Upton Pacific. The -opening order for that was for 12,000 shares, executed at from 95 to 9C4. The trading In this stock was one of the day's This was a very satisfactory beginning, but the stock exchange had not yet heard from the clearing-house, and until it could be learned how the traders had settled their balances, nobody could tell just how solid the street was.

It should he explained that a stock-exchange house falls when It cannot meet Its obligations. The relisf was great, Jt became known through the street that all the clearing-house balances had been settled as they should have been Situea sua noooay jn aeiauu. Bargala Haatera Oat i a Force. After the street had received this Injection of confidence it bgan to talk of what had been and what was going to be-, snd to look for bargains. The bargain hunters were out In.

force, and they had a great day of It. These were the men with casn in their inside pockets, who are always to grab up stocks aftr Wall street has passed through panic or an unusaawy neavy snaKe-up. Ttie buyers wero after the good stocks. They wanted the article thst pays the dividends. and they got It.

lie purely- speculative buying was limited. to PBICC TY70 CENTS. III il 7 UiiU i of' ALL ALONG THE LILT REBUFF OF In fact, many of thelsrgest brokerage housf discouraged It. Indeed, many houses wouli execute buying orders only when the buyer- were able to pay for the stocks In full. Ther Imply said they didn't wsnt any mart i business for the present- In otlur cases tt margins required were so excessive as to greatly restrict the trading.

This sltuati i left the men with the cash, the real M-' lows, pretty clear sailing. Their buying orders got to be so large before the Cay ovsr that stork supplits became ex! and soma orders could not be filed. Louse had a big or.r Paul could not execute, anj litre waa Larr. petltloa for possession of the shares Union Pacific. There was not any great ing of stocks short, the lesson of the Cay l.t fore being quite sufficient to satisfy most cf the traders.

The bankers and brokers had read In ty newspapers on their way down town that oa arrangement would probably be made at tl. i opening of business by which the Nortteru Pacific shorts in arrears to Kuhn. Loeb Co. and J. P.

Morgan Co. might liquidate at 150. What Wall street wanted to know particularly when it got down to business was whether an agreement actually had beta made. It should be stated, on the authority of a member of one of the two firms, that there was no absolute and definite under standing as to the terms upon which the shorts might settle. That waa tho situation when business opened this morning.

Kaaa Talks of Settlemeat. What happened to the Kuhn-Loeb shorts Is best told in the language of Otto Kahn, a member of the firm. Kahn made the fol lowing statement shortly after 3 o'clock thU afternoon: "It Is true that we agreed to settle wltli our shorts at 150, and I am glad to say that all settlements were made before noon. About 85 per cent of the stock owing to us was Those who couldn't deliver paid us $150 a share in lieu of the stock we had bought." As a result cf this able to tell just who is In control of the stock of the Northern Pacific railroad Kahn was asked. We are not." was the answer.

"We hope that we are in control, and believe that we are; but no definite statement can be made at present, and I don't believe we will be all- to tell who is In control until after llorgaa returns from Europe. That may not be for some time. In fact, I hardly thick anybody will know who la in control of the Northern Pacific for several months. Had we been able to get stock from all of those from whom we purchased we would undoubtedly be in control at this moment- As it is now, we must wslt until we can all get around a table and have a show of hands. "Now that I am speaking of the Northern Pacific matter, I want to make this statement: We have been accused of bring! us about this corner, and Morgan hts been accused of the same thing.

We had nothing to do with cornering the stock; or, rather, any blame for the corner must not belaid" st our doors. "After it became known that Hill was arranging to annex the Burlington, we saw at once that the Interests of the Union were Harriman then went Hill, Morgan had nothing whatever to do wit'i it, and salted him to make such as would. enable the officers of the i Pacific to go before their stockholders aii I tell them that, while the Burlington 1 had been put through, the interests of tl. owners of tha Union Pacific had been guarded. Ilarrlmaa Itebaffed by II11I.

"Ilill replied. In rubstance, that he attend to his own affairs and Harriman rou! I look out for his. Thereupon Harriman tr! 1 Hill that It wouli be necessary for the Pacific to take measures It saw f.t to safeguard Its Interests. He added that saw no other way than for the Union acquire a controlling Interest in Northern Pacific. This Is" the first time that ther.

r.l cause of this unfortunate situation has U. -i told In detail. "None of us expected that that which happen woull hnppc-n, and I have net i doubt that we are all a little a ihamcd cf selves, I feel sure that the h.irp- 1 yesterday would never have bun r- had Mjrgan been ia town, and I I that yood fcfllngf be soon r- i around." i Katn as then asVt i he thtr, ia td'e.