The Algona Upper Des Moines from Algona, Iowa on May 10, 1893 · Page 2
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The Algona Upper Des Moines from Algona, Iowa · Page 2

Algona, Iowa
Issue Date:
Wednesday, May 10, 1893
Page 2
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THE OTfEIl MS * tOWAi WEDNESDAY, MAY 10,1893, FIVE FIRMS FAIL •EXCITING- DAY ON THE NEW YORK STOCK EXCHANGE. PANIC FOLLOWS ANNOUNCEMENTS OF CRASHES. Bottom Drops Clear Out of Cordage- Opening Yesterday at 28 It Quickly Drops to 20—A Decline of 35 Points Since Last Friday Scored'—Pandemonium Reigns. NCAV York, May 4.—-Wall street has been in a ferment all day. Five failures wero announced before 12 o'clock and the end Is not yet. Pandemonium reigned on the stock exchange from the opening. National Cordage, Avhich closed last night at 30 3-4, opened today anywhere between 37 and 28, and sold doAVU to 20 1-2, from AA'hlch there Avas a rally, but later the stock declined to 20. This makes a total fall of 35 points since last Friday. Cordage preferred declined to 05, against a closing of 73 last night. When Chairman Mitchell rapped three times Avith his Avooden mallet at 10 o'clock this morning a hundred members or more let out one Avild Avhoop. It was a cry Avhleh filled tho spectators who filled the galleries AA'ith excitement. Ladies and gentlemen croAvded each other regardless of consequences as they leaned far over the rail, Inspired by the Avild scene beneath. Members from every quarter, a moment before the opening standing about listlessly, Avere transformed into hoAvl- ing demons, and Avitii arms .Avlldly SAvinging lllce Aviiidmills formed for tho affray. SAA'ayhig to and fro the brokers yelled and groAV red In the face. Hats Avere knocked in and old men, after a moment of desperate energy in the midst of the fight, fell out again to regain their strength. Then once more they would make one Avild diA'e for the center of the mass. The young men had the best of it. They scorned never to tire. On the Broad street side the sugar croAA'd made things quite lively, though the numbers Avere not great. But Avhar these brokers lacked in numbers they made up in their variety of rushing tactics. Instead of standing erect and trying the desires 6f the poAyers that be. Tho issue of Cordage preferred stock on Saturday, which has caused so much adverse criticism, came most In opportunely for the Cordage pool. The much talked-of "Plunger" Pardridge is supposed to have been one of the firm's heaviest customers. When the announcement AA-as made from the restrain the room was thrown into a panic. In the various crowds half a dozen prices prevailed at the same time for the'same stock. Even the most cool-headed of brokers were carried away by the stirring scouo for a time. Rumors assailing the credit of the leading institutions flCAV thick and fast about this time. Sclmyler • Walden was greatly overcome Avhen asked about his suspeii .sion. He said: "My suspension Avas duo to the drop in cordage. My customers were unable to respond to my calls for margins and I could not protect myself in time." Mr. Walden's customers are understood to be some high officials of the trust. Just who (hoy are Mr. Walden Avould not nay. "Brokers in Wall street would haA'c refused such accounts," ho added, "i Avas promised faithfully that the 'accounts Avould be made good by 12 o'clock today. The Cordage people laid doAvn on me and I had to suspend." Tho same story was told by B. L. Lusy & Co. They, too, had given erect it on their books to tho cordage oflioers and directors and had tho hitter's prqmise to make good their accounts by this morning. It is said today that Henry Allen & Co. had given their Cordage customws credit! for $200,000 and) after thoir margins Avoro exhausted. This amount Avas to be at the office before the open Ing of business this morning. Tho promise AA-:IS broken and Allen had to suspend. The firm assigned to W. O. Hamlin, the former cashier, giving one preference of $13,000 to Minnie L. Little.. A leading bank official says that so far as he is able to learn none of the New York banks Ls in trouble or likely to bo. Members of the clearing house committee say that no meeting of the clearing house or of tho clearing house committee has boon called, and that so far as they ImoAV there is no bank in (rouble or Avhose condition in any Avay requires Inspection by the clearing house. FLEE FROM FtOODS ALMOST A SECOND JOHNSTOWN IN MIAMI RIVER VALLEY. LEWISTON RESERVOIR BURSTED. BY RAGING WATERS. Seventeen Thousand Acres of Water Let Loose and Many TOAATIS Are In Danger—No Lives Yet Reported Lost But It Is Feared Many Wero Killed. hat will endanger largeproperty'inter- ests. People having property in buildings that are now under water anticipated the condition of affairs, and goods are being removed as fast as it is found necessary to ,do so. ' to fight their Avay into the center they would double up their bodies and Avitii a run make for the slightest opening, and in another moment they Avonld bob up serenely, pad in hand, prepared to do or die. In the center the Chicngo Gas people held their argument. They wero less demonstrative than the others and took matters a little easier. At tho different entrances to the exchange members rushed in and out like Avild Indians. No ouo thought of Avalk- ing. Faces Avero in mlany cases pallid and AA'orn. There Avero no smiles. It was a Waterloo for holders of National Cordage stock. At 10:15 o'clock the chairman's gavel called the excited brokers around his desk. He announced the fiiiluro of Henry Allen & Co., of New street. The firm is composed ot Henry Allen and F. L. Norton, the latter being the board member. The firm Avas formed in May, 1884, and did a very large business in both grain and stocks. It AVUS very heavily short of sugar during tho big February rise in that stock. It Is supposed to have had recently a very largo interest, in Cordage. Ono of its largo customers AvaS G. Weaver Loper, Jr., a son of one of the Cordage company's directors. Another of Homy Allen & Co.'s customers, who dealt in Cordage for himself and his friends, Evander Berry Wall. Tho house Avas of the gilt-edged variety. The customers were noted for their good clothes and high living. No information concerning the condition of the firm Avas given, but a full statement AVUS said to be in preparation, to be made public later in the day. The failure of B. L. Smyth & Co., of 42 .Exchange place, Avas announced a little later. This firm Avas composed of B. L. Smyth, tho board member, and Sydney L. Smith. It Avas organized in May, 1SS7. Tho failure is said to be duo in part to the failure of Henry Allen & Co. Smyth Avas also largely interested in the Cordage company, having bought out bonds of the security corporation, one of tho flouncing corporations for the Cordngo company. At his ofilce it Avas said that no information Avould be furnished until late in Iho day. Those failures Avore quickly folloAVed The market had no support today. It Avas said that Keene's brokers Avore unloading under stress. Stop orders Avere received all day. Renewed and excessive liquidation has caused the lower prices. Tho Avorst feature that the market didn't rally. Goodhart & Co, Avere buying Distillers' and Chicago Gas. As the day wore on the bottom seemed to drop out of prices for all stocks. Liquidations broke out in now spots, more especially in the railway group. As for the industrials, the moro they declined the greater tiie disposition seemed to be to sell. Cordage common, after (ho Walden failure, dropped to 22, General Electric to 85, Chicago Gas to 091-2 and Cotton Oil to 38 1-2. The desire to sell spread to holders i:f railway stocks. Burlington & Quia- cy broke to 85, St. Paul to 713-4, preferred to 115, Rock Island to 701-4 and Michigan Central to 901-2. These pi-ices of railway stocks shoAV a. decline of anywhere from 1 to 4 per cent for the day. Just before 2 o'clock call loans jumped to 20 per cent and this added to tho general demoralization. At the oilice of the National Cordage; company, Appleton Sturgis, counsel of the company, said that the raid of the boar element on Cordage stock was not warranted by the condition of ihe company. Ho said that the company had on hand earned capital sufficient to pay the dividends for tho nexi: year ,'ind that tho dividends Avill bo paid. Ho said that there is absolutely no truth in the rumor on the street affecting the financial responsibility of Mi 1 . Watorlmry, tho president of tho company. Ho also said so far as he knoAV none of tho principal stockholders In ihe company are the speculators Avlioso failure to put up margins caused the Suspension of tho brokerage houses Avhidi failed today. Lima, O., May 3.—The»great Lewiston reservoir broke at 4 o'clock this niomiug and the Avhole Miama valley, Including the towns of Sidney, Troy, Piqua, Dayton and Hamilton arc in danger and a second JohnstoAvn horror Is feared. The flood is reported to be rushing down the valley in a mighty stream. Fifteen or twenty lives are said to have been lost and the greatest alarm prevails here. The reservoir contained 17,000 acres of water and Avas located at the head of the Miami river. The brc-ak occurred at the flood-gates and is reported to be spreading rapidly. At last accounts the crevasse Avas tAveu- ty feet Avide and the ends of the Avail were fast crumbling aAvay before the rush of the water. The Cincinnati, Hamilton & Dayton Railroad company, whose tracks parallel the river, has been notified. It is feared that the water, Avhich is already up to the tracks will break through. Should it do so it will cause great damage and possibly further loss of life. The reservoir Avas full and Avhat AVU- ter has passed out has had no effect In diminishing the supply in the least and the result of a complete giving away Is horrible to contemplate. The toAvns of LoAvistOAvn and NeAA'port, several miles doAvu the river, are reported submerged and several lives lost. A courier has left Belle Center for the scene and it Avill be impossible to learn anything about the magnitude of the damage done at the reservoir and near by towns until he returns. It is feared there has been a large loss of life and great damage to property. The stream is rising rapidly and the worst Is yet to come. Reports from the scene of the break say that it Avill be only a feAV hours until the mighty pressure Avill SAveep the banks away. At all the toAATis mentioned the river is high, and at Dayton the outlook is that great damage Avill be done. The toAvn Is beneath the river bed and the levee is reported to ue weak in several places Great alarm Is felt along the stream. Dispatches from Springfield, Dayton, Piqua and Hamilton say that no f.-i- SASSES THE PRESIDENT. Oregon's Governor on His Ear—Interesting Telegraphic Correspondence. Portland, Ore., May 3.—The following telegraphic correspondence today passed between Secretry Greslmn and Gov. Pennoyer: • • Washington. To Governor Silvester Pennoyer, Salem, Oregon. "Apparently reliable reports Indicate danger of violence to Chinese when the exclusion act takes effect, and the president hopes you Avill employ all lawful means for their protection in Oregon. "(signed) W. Q. GRESHAM." Governor Pcnuoyer sent the folloAA-ing reply: "I Avill attend to my business. Let the president attend to his. "(signed) SILVESTER PENNOYER, "Governor." Governor Pennoyer, speaking to an Associated Press reporter, said: Gresham's telegram is an Insult to Oregon. I Avill enforce tho laws of the state and the president should enforce the laws of congress. It comes AA'ith poor grace for the president to ask me to enforce the state law AA'hile he, Avithout warrant, suspends the exclusion l;nv." SPRECKELS SPEAKS "SUGAR KING'S" OPINION OF THE HAWAIIAN SITUATION. LABOR QUESTION HIS ONLY OB- JECTION TO ANNEXATION. lie Tells An Associated Tress Correspondent That He Would leaver .a Republic If a Man of Ability Gould Be Found—Queen Doing- N o tiling—Blount Preparing a Report. CARLISLE ANNOYED. Objects to His Portrait on a Whisky Advertisement. Washington, May 3.—Secretary Carlisle Is annoyed at a renewal of a shrewd advertisement of a Kentucky brand of whisky. It Is an old advertisement, but has been enlarged and very much improved from nn artistic point of view. All the liquor houses and bar rooms are displaying the picture, which represents Secretary Carlisle, Senator Blackburn, Proctor Knott and the maker of the whiskey seated, at a large table on the balcony of a race course club house. Carlisle's is the largest of the portraits and It is a splendid likeness of the secretary. Before the group is a bottle of rye whisky and glasses ready to' sample- it. The secretary is depicted as If commending the liquor. He Is annoyed, but he sees no wny of supressing the picture. conflicting say that no fatalities have been reported yet. The reservoir lhas riot given away entirely. There is an unusually strong wall on the Miama Valley side of the reservoir, but the water is gradually eating it away. The breach is about twenty-live feet. wide. Tho report that fifteen to twenty people were drowned cannot be confirmed. The reservoir is still filled with water and is overflowing the banks in some places. The creeks flowing into the reservoir are still rising. FEEDERS FALLING. Flooded Lowlands Will Result in Hard Times and Dull Business. MERRILL BANKER MISSING. George Haywood, Jr., Disappears in a Mysterious Manner. Merrill, Wis., May 3.— In the month of November last, George Hnywood, Jr., n-oprietor of a bank here known as tho •Bank of George Haywood & Son," sold out his bank to tho National bank of Merrill. After having arranged with his wife o visit friends in .Colorado for a short lime, he wont to Clinton, Iowa, where by tho announcement of the suspension M S father and brother are engaged in of Schupler Waldon. a banking business. Since then all Late this afternoon it was reported in the street, that James M. Watorbury, head of tho cordage trusl, had assigned. Tills was denied by Watorlmry, but it is reported that he has failed to meet his promises lo supply margins to his brokers. On tho Consolidated exchange f ley Later in the day two additional fail- efforts to trace his whereabouts by his wife and friends have failed. Tho missing man is 38 years of ago, weight 130 pounds, height 5 foot 0 Inches, dark complexion, dark hazel eyes, black hiiir tinged with gray, round face, short chin, scar on forehead, little On tho Consolidated exchange the ,... ,' "„,,;, i . uu umj "°" u> muo 'allures were announced of B. F, Beards- \^° l »»«<• ll ' 1 "? mlsshl& lhircl ll "« or ey and G. R. Wilson. ° L biu "° hilu(1 sll «' htly «mli««l. He is of a very nervous temperament uros were announced in the Consul!- i an(1 - ll s "i°oth and enthusiastic lalkor. dated exchange. Henry Allen & Co. that tho assignment of ^vholly unexpected and Avas Dayton, O., May 3.-A Huntsvlllo, Ohio, dispatch says that it was only a wastoAA'ay at (ho Lewis ton reservoir that gave Avay this morning, and that the bulk-heads are all right and AA'ill stand the pressure against them. Tlie break Avill cause very little trouble in the Miami Valley and Avill cause no overflOAV as the river is rapidly falling. Later. So far there is no loss of life reported, but Avhen the floods subside it is likely there Avill be revealed then more than one unfortunate A'ictim. It Is Impossible to give an estimate of the loss. Farmers arc financially ruined. The latest reports tonight from the scene of the flood are reassuring and it is believed that such progress is made as AVfll prevent further breaking of the reservoir, but the entire lower banks are saturated and in a very dangerous condition. Should further rains fall no human poAA'er can stay an aAV- ful catastrophe. Portsmouth, Ohio, May 3.—The loss occasioned by (flie overflOAV of tho Sciota river between this city and Wavcrly AA'ill aggregate $2,000,000 by damage to crops, bridges, etc. Springfield, Ohio, May 3.—Two hundred houses are flooded on tho flrst floor and the furniture is mined by high Avater hero. St. Louis, May 3.—At 9 o'clock this morning the gauge on the Mississippi river here registered 31 feet 10 inches- Avithin tAvo inches of the danger line. Tliis is a rise of four inches in twelve hours, and the Avater is still rising. Business on the Avharf is practically suspended. The steamboats are able to make but few of their regular landings on account of the high Avater. Consequently they are obliged to rim Avith light cargoes. Reports from above shoAV that the river was falling last night at Keokuk and Quincy, and that the Missouri Avas falling at Hermann. The Osage and Gasconade rivers have spent their force and are receding rapidly. It is expected that the river Avill reach its crest here tomorroAv and will then fall rapidly. Tho local river shippers and steam- boatmen are much discouraged with the outlook. The indications are that the floods Avill prove disastrous to the crops on all loAvlands along the river, Avhich Avill insure hard times and dull business for another year. San Francisco, Cal., May 3.-Steamer Australia today brought from Honolulu adA'lces up to April 20. Clause Speckels, the "sugar king,'" arrived April 18 and advices us to his movements anil intentions Avere eagerly sought. In au interview Avitii an Associated Press correspondent Spreckles sitid li« had come down to investigate affairs. Spreckels said his plans Avere hardly outlined yet. The labor question Ls the all important one and constitutes his only objection to annexation. Planters must have cheap labor, and this in tho necessities of the case must be Asiatic labor. Monarchy cannot bo restored, said Sprockets. There are three elements, the missionaries, the Kanakas and the opposing party of white adventurers, Avhich cannot bo united. Tlie Kanakas are simply children. There is a gap between them and the Avhites Avhich cannot bo bridged, tho missiug link of Avhich A' ill never be found. If I could imd a man of ability Avhom I could trust 1 Avould favor a republic. The thing is to find such a man. The proA'isioual government can't remain hi pOAver always; annexation AA-ould involve the question of Japanese suffrage. It is absurd to think the United Slates constitution can bo changed to permit the Asiatic suffrage. I can lead Kanakas because I know them. As 1 say, if I could find nil able man 1 Avould favor a republic. Give the United States a place at Pearl Harbor in fee simple. They could keep their ships there and protect us if AVO could not take care of ourselves. The queen some days ago stated to one of her adA'isors that she Avas entirely passive and Availing the action of the United States. To Spreckels she .said Avhatevcr the result might be she would not utter a murmur. President Dole is said to have given assurance to Spreckols that he AA-ould support good government and if Spreckels Avould persist in the idea of a republic he Avould find many influential men ready to assist him. It is stated that if Spreckels Avere to exert the pressure of Avhich he is capable not a feAV of tho planters Avould Anybody who will go to the quarry and: examine the monolith," said Mr. Well, "will become as enthusiastic aboht it as 1 am. it would be a good idea to arrange an excursion for the purpose. Tlie stone must .be seen to be appreciated; There is not a flaw or a seam in it. It could be broken only by negligence. It Is the pride of Mr. Prentice's life. He has spent thousands of dollars and cut a vast amount of stone In quanting it. The stone is about 30 feet down in the quarry. There is a gradual descent from the quarry to Lake Superior which Is less than 200 feet distant. It is probable that a committee of experts AAHl go to Ashland in order to report upon the question of transportation. I am satisfied that nothing could advertise Mil- Avuukee to such great advantage as the monolith would. The monolith can bo transported and erected at a reasonable figure, and UOAV it is only necessary to raise the necessary fuud." Chairman C. C. Rogers, of, tho Avorld's fair attraction committee, has called a special meeting of the committee to be held at his ofilce, sixth floor of the Pabst building, this evening at 8 o'clock, to fully consider the report of Benjamin M. Weil, August Kcickhefer and the Messrs. Buostrin relative to the monolith. The general feeling is that it should occupy a position on the lake front in Juneau park, the suggestion to erect it in somo ono of the UOAV city parks not being looked upon Avith favor. All Avho are interested in (he matter claim that it rightfully belongs in Juneau park. Frank Buestrin, the contactor, AVho Avas one of the party Avhich inspected the monolith, is of the opinion that the big stone can be brought to this city Avith comparative east". Speaking about it he said: "I examined the monolith and its surroundings and I think it can bo brought to this city without much 1 trouble. Everything is in nice shape for handling it. I Avas greatly pleased AA'ith the stone and I tliinlc MilAATUikee ought to get it Avithout fail. I do not thing a boat will have to be built especially for the purpose of carrying it. There are plenty of boats that AA'ill carry it. Tho stone Avill have to be handled carefully, of course, but I AA-ould not hesitate to take the contract. I have not formulated any plans and am not prepared noAv to make even a rough estimate of the cost of transporting and erecting the stone. I will be able to tell more about it after the meeting tonight." THINKS IT'S GREAT. President Cleveland Expresses His • Opinion of the World's Fair. STILL RISING AT ST. PAUL. Mississippi Above the Danger Point and No Indication of Falling. St. Paul, May 3.-Tho Mississippi continues to rise and passed above the danger lino at 10 o'clock last night. Tho rise today is more rapid than it Avas yesterday. At 7 o'clock this morning tho gauge shoAvod the Avater to be 14.2 feet above low Avater mark, and at 10 o'clock it had risen another tenth of a foot. There seems to be no indication of | Ho AVUS tho largest stockholder in tin-! lts hilvm S reached the limit of the 's manager s-vld i lVilllom »l Building and Loan association rlso ilua moro ° 1 ' loss damage to proper- of the fiim AVUS i :U ^ ! »"«ipolls, and held tho oilice of ty hns suited. Tho West St. Paid o,",,,.., i.iul AVUS brought i st!Cl> « tlll T thoro for somo time. It is said ! ulocll>l0 Plant has been compelled to about by (ho failure of a number' of i llmt t:ho missing man appeared at tho I SUSIMm , d O l )cri > tlo «s, (heir building being .- customers to respond whou culled ! H!IUOV01 ' National bank, of New York, | no "' ™°^i for margins. Tho shrink:,w in! 011 Y&nmvy 17, and cashed a draft H«»"l«»te of homos their upon _ 0 „ A-aluos since January has been steadily | foi> lf50 ou tho Clinton bonk, progressive, until the. price of some of tho specialties have boon cut in half. The cause of Henry Allen & 'Co.'s failure is feared to be due to an'at- Abo Buzzard, the reformed outlaw •of, Lancaster county; p a ., has taken to missionary Avork and last Sunday de- tempt to bull. Cordage stock against liveYcd three addresses in Philadelphia. on the Avcst. side and ou the low lauds above the city arc under water and many families have lost all of their household effects. Should Iho rise continue at the present rate for another twenty-four hours serious results v.'l\l follow. It is not expected however, that it will reach, a pojut Washington, May 3.—When asked for an expression of his opinion in regard to his visit to the world's fair President Cleveland replied: "We received a cordial Avelcome and everything that coidd be done Avas done for our comfort and pleasure. I am much gratified at the enterprise, skill and taste displayed in the arrangement and appearance of the buildings and the results thus far attanied bespeak to my mind great success for the world's fair." BLAMES NO ONE. also quickly folloAV his lead. He is knoAA'n to be conferring Avith u number of planters, but to Avhat end is not ascertained. The provisional government has been carrying on the government at a saving and under the present system produces sufficient fim'ds to meet not only all the ordinary requirements but to enable $30,000 interest to be paid on outstanding bonds when it matures in June. A radical suggestion has boon made by some ardent anucxutionists that if Spreckols attempts to embarrass tho government martial law Avill bo in- forced and every .dollars Avorth of his property Avill be confiscated but it is not likely «tliLs action Avould OA-OI- bo taken. The most important movement on foot is said to be a proposition Avhich has been made to the .government to try to buy off the ex-queen, and hence kill all opposition from native Hawaiians, by an annual pension to her of $25,000. Commissioner Blount is busily engaged in making researches preparatory to getting together a report. The Women's Patriotic league sent a memorial to Commissioner Bloimt praying for tho restoration of Liliokluni. Meetings for annexation arc being held daily in different parts of tho islands. A fund of $5,000 Avill be raised to purchase a service of plate as a testimonial of the good Avill of the citizens of Honolulu to be presented to Minister Stevens before he leaves for the states. UTAH DEMOCRATIC. So Says Delegate RaAvlins—Polygamy Entirely Dead. Washington, D. C., May 3.—J. L. RaAvlins, delegate-elect from Utah, in discussing matters relating to the territory said: Utah, Ls democratic by about 3,000 majority, it is a narroAv margin, but can be depended upon. Politics in Utah up to a few years ago Avas divided into Mormons and .-Gentiles. Those /AVho constitute the Liberals AVOI-O formerly Gentiles. They are about three-llfdhs republican and two-fifths democratic Tho chiefs of (ho Saints are rapidly losing influence as politicians, though the body of the people are as earnest and honest in their religion as ever The total vote of the territory is 3G,- 000, which does not Include anyone AVho, is still a polygamist. Whatever you may hear to the contrary, you may take my Avord for it that polygamy is dead. The younger men of Mormou- dom. wore anxious for the abolition of plural marriages long before (he church loaders gave in. They have put away their Avomeu and ore acting in good faith. It. Avould bo as impossible <to re-establish slavery in the south. It is gone never to return. The men Avho, flvo years ago, Avere loudest m denunciation of the policy of the government see most clearly the benefits to be derived from monogamy and the single family groAvn from one man and one Avoman, AA'hlch is the basis of tho state. MONOLITH FOR MILWAUKEE. Coroner's Jury Reports on the Milwaukee Crib Disaster Case. Milwaukee, May 3.—The coroner's jury, after examining thirty-five witnesses, returned a verdict tonight exonerating the contractors of the city and everyone AA'ho had anything to do Avith the intake tunnel from all blame for tho disaster which caused the death of fourteen men tAvo Aveoks ago. MISMANAGED THE BANK. Director and Manager of the Australia!/ Company Held. Melbourne, May 3.— The directois and other ofllclals of the Mercantile bank of Australia, Avhich recently fallen Avho AA-ero under accusation of criminal mismanagement in connection Avith the nlTalrs of the bank, have all been discharged from prosecution Avilh the exception of (ho Hon. Si.r M. H. Davies, who was the leading director, and Frederick Millidge, Avho Avas general manager of the institution. Professor William S. Tyler, who has boon professor of Greek in Amherst college for fifty years, AA'ill retire from luty at the coming commencement The OAATier of the Ashland Stone Offers It to the City. Milwaukee, May 8.—It is almost assured that the famous sandstone monolith, the largest stone ever quarried in the Avorld, AvflJ be erected in Milwaukee. Benj. M. AA'eil, August Kfcckhefer and Messrs. Buostrin returned this morning from Ashland, Avhoro they A'icwed the monolith and conferred Avith tho OAvnors of the Prentice BTOAVII- stone company. The result of their conference is tho giving of tho monolith to MilAA'aukeo without price or condition. "We Had a conference Avith the directors of the company," said Mr. Weil, "and it ended most satisfactorily. Mr. Prentice AA'as perfectly Avilling to pro- sent ihe monolith to Mihvaukee, but Dr. Kills, one of tho directors, at first thought that tho company should be reimbursed for tho actual expense of quarrying it. Finally it Avas decided to make an outright gift of the monolith to- MilAvaukee and the directors unanimously authorized Mr. Prentice to enter into a contract to that ond. I have CUBAN TROOPS INADEQUATE. The Governor General Confesses Inability to Copo with Insurrection. London, May 3.-A Madrid cable from the governor of Cuba is published, in which he confesses that his forces are inadequate to qnell tho uprising, instead of the 12,000 troops ho Avas supposed to have he has less than 8,000 which, even under normal conditions' cannot bo considered strong enouh he cavalry, Avhich are most being especially weak. viSi "?** i thttt BUYeral insu ''S<>»ts have Jioded and repeats. that the rebellion is not spreading, but is confined to the oT^f ai '° UJUl Hol( l» lu . 300 miles orn Havana. The toAvns of Holauin nd Santiago do Cuba remain loyal -I lie Spanish minister of Avar, besides arranging for tho embarkation of so e? regiments, has ordered other red. now stationed in tho interior to " 1 ??* various ^p«£ i i£ or reiuforcemonts should bo neces, It is reported that tho Avholo scjnadroa ut Now York \S be Ion comimml. for Ihe rebels ^Ooudern oT'c^on^^ 1 ^ 11 ^^ uu-uuo a cumriici lu umt onu. i havo £umpNf ^'^'. t'j v) »g an outline of ar- a Avritten agreement Avith Mr. Prentice j support , r r< , I)1>0 1 )OS *'S <o offer in and the informal contract Avil) be made GO, 1 [ out as soon as possible. Tho company, by Mr. Prentice, binds itself never to get out another stone so large or longer. Curler. his B necessity of ~~ in order to i» tho

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