Wall Street Panic Eases as Banks Meet Demands
New York stocks stabilize after partial payment plan. Fiske & Hatch consulting, Hardy & Sons suspended causing mixed sentiment. Clearing House issues ready certificates. lenders extend aid while Donnell, Lawson & Simpson announce assignment to protect creditors. Banks report growing liquidity as market steadies.
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Impeon
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Sherman says troubles are temporary embarrassment in 1900s U.S.
Senator Sherman declines panic or impact on campaigns. He says recent financial center troubles are local and temporary. Market opening showed no excess excitement, wheat and corn lower, oats up, Newark Savings Bank closed with Fisk & Hatch liability reported.
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Philadelphia
Sherman
Curious Central railroad mail delay sparks speculation
An attempted 1 p m mail departure failed as trains left with no sacks ready by 3 pm, blamed on post office clerks breakfasting and siesta habits. The scene drew onlookers as a second mail wagon arrived late, with chatter about mining camps near Mount Misgah and expanding lines.
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Manana
Secretary Folger Seeks Market Offer Amid Bond Decline
Treasury officials report a drop in government securities with bonds sold for cash in New York. Secretary Folger says lack of information prevents explanation as authorities discuss open market purchases to ease financial pressure.
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New Orleans, Baton Rouge & Vicksburg Railroad Company
Ash Fork coke wagons attacked amid freighter tensions
In Ash Fork last night seven coke wagons owned by Michel McDonnell were sabotaged with all spokes cut. The motive tied to a disputed coke and copper hauling contract involving Nadean of California and United Verde. Threats were reported against Nadean during his visit.
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International headlines and notable events worldwide
Reports from New York summarize weekly U S failures and Canada totals with a slight weekly decline. Feigned leadership changes in Prussia follow Bismarck's resignation, Boetticher named as cabinet head. A Khartoum dispatch notes Gordon entrenched, guarding loyalty. In Merseyside, Henry Irving and Miss Terry receive a steamer ovation aboard the Aurania. Telegraph wires fail between cities causing a brief news gap.
Why Dr Gross Was Cremated in New York World
A monograph by the late surgeon Samuel L D Gross advocates cremation after death. He argues burial is horrible and that physicians know the body decomposes quickly, making burning a beautiful art in comparison. He states, when he dies, he wants his own body cremated.
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