Trade turmoil and uncertain future amid silver panic
The New York review outlines a week of market tremors caused by India's silver policy, gold imports, and falling silver and wheat prices. Banks mobilized 6 million and 5 million to steady the money market, while domestic trade remains constrained by monetary uncertainty as miners and smelters halt operations in silver states.
MENTIONED IN THIS ARTICLE
New York
G. Don & Co
London
Chicago
Colorado
India
England
United States
Congress
Interstate Railroad Plan Proposed by South and North States
Lincoln Neb July 1 The north and south railroad convention nearly finished its work sending the matter to an executive committee. A plan urged that each state employ convicts in building the road, funded by school fund loans, and to extend from Velasco through the Brazos valley to the Canada line with states owning the segments. Next convention slated for Topeka in December.
MENTIONED IN THIS ARTICLE
Wwikl
Friends of the
Interstate Railroad
Lincoln
Neb
North and South Railroad Convention
Exchairman
Edwards
Texas
Euch Fund
Velasco
Brazos Valley
Canada Line
Topeka
All to His Widow Stanford Will Leaves Remainder to Wife
The late Senator Stanford's will filed July 1 with four codicils. Executed Nov. 30, 1886, it leaves all non real estate assets to Mrs. Stanford, except $2,500,000 to Stanford University. The widow may dispose of funds in her lifetime and by will.
MENTIONED IN THIS ARTICLE
Senator Stanford
San Francisco
Samuel Wilson
Russel J. Wilson
Stanford University
Annuity law clash in Denison adjournment noted
July 1 Denison reports the Chickasaw legislature ended a special session enacting that government funds be distributed under the old annuity law granting white men and married natives same rights as Indians. Lawyers who backed the $3 million appropriation will receive 6 percent, contrary to a 20 percent agreement.
MENTIONED IN THIS ARTICLE
Denison
Tex
Washington
Extra Session Called to Convene August 7
President Cleveland issues proclamation calling both houses of Congress to meet in Washington on August 7 to address the financial crisis. The move follows widespread pressure from across the country and the president’s assessment that urgent legislation is needed to relieve distress and avert disaster.
Harrison on the situation and Sherman law debate
Ex President Harrison weighs in on President Cleveland with cautious support and criticizes overstringency of the Sherman law. He urges timely action if relief is possible and notes money is held back by cautious citizens. Senator Sherman is also mentioned in dispatches from Barrimore as July 1 signals ongoing debate.
MENTIONED IN THIS ARTICLE
Congress
New York
Harrison
Cleveland
Brief Items of News
Henry Alen and Co reinstated to the New York Stock Exchange. John Eckman of Calumet Mich failed with about $8000 owed to Chicago and Detroit wholesalers. The Columbus caravels reached Detroit to an enthusiastic reception. World's fair admissions Friday totaled 74876. Richmond bankers will collect drafts. no credit until cleared. Jimmy Carrol and Jack McAuliffe set for a finish fight. Chicago post office deemed unsafe by building inspector. St Paul and Minneapolis Trust to resume next week. depositors express full confidence. Two horses in Kalamazoo quarantined for glanders. Hope College at Holland Mich elected Prof G J Kolien president. New York judgment shows firm owes $688000 with assets of only $11000. Ceylon Planters’ Co. sued in New York for £23054 to John Tam. Great Falls Montana mines closed. Bert Horn drowned at Freeport in Pecatonica River. Minnesota Supreme Court bars recovery from city for defective sidewalks if walker knew of defect. Jol Haznalens and Harry Williams jailed in St Paul for counterfeiting. arrests expected. George Schafer, to be hanged July 6 at St Louis, declared insane.
MENTIONED IN THIS ARTICLE
Henry Alen & Co
New York Stock Exchange
John Eckman
Calumet
Mich
Chicago
Detroit
Richmond
Ind
Jimmy Carrol
Jack McAuliffe
St. Paul
Kalamazoo
State Animal Sanitary Commission
Council of Hope College
Holland
G. J. Kolien
New York
William T. Patten
Henry L. Sulton
Ceylon Planters
Nea Company
John Tam
Ihe
Vie
Great Palls
Mont
Bert Horn
Freeport
Supreme Court of Minnesota
Jol Haznalens
Harry Williams
Twin Cities
George Schafer
St. Louis
World’s Fair Receipts Show May Expenses and Debts
About 2,400,000 admissions in May with daily average 80,000. June 15 crowd hit 165,000. May left little to pay debts, floating debt of 6.5 million. Directors seek payroll cuts to 13,000 daily, but keeping staff needed for operations. Foreign commissioners demand apology over arrest of Paraguayan commissioner Hassler.
MENTIONED IN THIS ARTICLE
Calcada
Directory
Burnham
Rice
Council of Administration
Davis
Emil Hassler
An Arkansas Cyclone Rips Through Eastern Arkansas
A July 1 cyclone devastated eastern Arkansas with Little Rock hit hard around midafternoon. Telegraph lines west of Memphis collapsed and damage totals remain uncertain, but the destruction is described as extensive and widespread.
MENTIONED IN THIS ARTICLE
Arkansas
Tenn
Memphis
Little Rock
Also Mentioned on This Page
Don
Tnilin
A. J. Drexel
Carlsbad
Germany
Puanapecrnra
Drexel
D. B. Hoskins
Runyon
Drexel & Co
Epworth League
Cimveann
Music Hall
Huron, & C
Supreme Court
Hugh J. Campbell
Yankton
C. B. Kennedy
Canton
Major Fairbanks
Deadwood
Oconomowoc
Wis
Oconomowoc Yacht Club
Liverpool
Peaslee
Sepauia
Gill W. Peaslee
Chicago Board of Trade
Annie 8
McKinley
Wilber
RK. L. Downing
Windsor
Denvim
Henry Queer
Leroy
Sioux Falcs
George Reed, Jr
Joliet
Trs
Emma
Aikens
Reed
Washington Park
Cuicano
Moloney
Springfield
Ill
M. L. Newell
Bevier, Mo
Ardmore
Intercollegiate Prohibition Association
North Harvey
J. W. Swanga
Center College
Danville
I. C. Bentley
de Pauw University
Green Castle
Norwaix
Walter H. Lawson
Austin
Uls
Indiana Street
Iron Mills
Pittsaune
Amalgamated Association
Amalgamated Committee
iMotments Corpete
Gurmniz
O. T
Cherokee Strip
Savanxan
Samuel Thorpe
Charles Brison
Waynesboro
George S. Rachen
F. M. Francis
Cupar
W. M
C.J. Fields
John Grady
Houreminson
Kan
Severance
St. Joseph
Kansas
Littlr Fas
N. Y
Viking
Dandy
Washmeron
Olney
Mosher
Sioux Falls
The
Sherif
Kansas City
D Joe Bird
Wilberton
John Perry
Gaines County
Wasminatroy
Grover Cleveland
Congress of
Capitol
Fifty-third Congress
Gray Gables
Pennsylvania Railroad
Buzzards Bay
Vorhees
Harris
Senate
Dockery
Missouri
Bynum
Indiana
Brown
House
Buichers
Pore
Colo
Pueblo
A. J. Warner
Bimetallic League
John P. Jones
Nevada
General Warner
Senator Jones
East
Treasury
Wasurveron
Scott Wike
Illinois
James F.tillman
Tennesse
the Treasury
Overton Cade
Louisiana
United States Mint
New Orleans
H. Gibbs Morgan
R. I. Schroeder
Lewis Gnion
Jeff B. Snyder
Theodore 8. Wilkinson
S. B Ellis
George P. Finlay
Galveston
George W. Bell
State of Washington
Sydney
New South Wales
Willam J. Maynard
Ilinois
Milan
Italy
Enoch Knight
Los Angeles
Cal
L. S. Barnes
Redding
Robert A. Miller
Jacksonville
Ove
Oregon City, Or
Dew Isdom
Muskage
Union Agency
I. T
Presbyteriana
Bangkok
Siam
Presbyterian Board of Missions
Meinama
Sherman
Barrimore
News OF
White City
Palmer
Cuienco
Thomas W. Palmer
National Commission
Yale
New Loupon
Conn
Harvard
San Antonio
Breckinridge
Aransas Pass
Martin
Curtis, Curtis, Neb
Southwest
Nebraska Grand Army of the Republic Association
Curtis
Snyder
State Insurance Company of
Des Moines
Frank Finley
Phillips and
Norton Counties
Blair
Buam, Neb
James M. Smith
Alvin
Utah
Provo
First National Bank
New Years
Lamont
Amont
Pennsylvania
Arcaca
University of Ilinoia
University of Wisconsin
Drouth
Brewis
Duke of
Saxe- Meinongen
O0ster
William P. Beauchamp
Portland Mills
Tremont House
Daas
Hunt
J. Walling, Jr
City National Bank of
Brownwood
John J. Gannon
Walling
Gaid Bank
Ite Busine
Ite
Otto Bader
Palle
Alaskan
Kacak
de Wolf Hopper
Newark
N.J
Ansign
F. G. Pierra& Co
Davenport
Ija
Ebenezer Davenport
Cnartron
Phillips
Cara
Dunvgue
Nicholas Loden
Dyersville
Dubuque County
Young
Quincy
Dis
Roy
Palmyra
Adam Young
Grand Raps
Bravnr Crry
T. Crawford
Here
del Norte
Rio Grande River
Hastings
Rosser
Drs Morsis
Harry McCoy
Burlington
Billy McCarthy
Stock Yards
McCarthy
Gus Albers
Wiemann
Curiaco
the Building and Loan Association
Buffalo
Georgetown Bank
Denver
Bank of Clear Creek
Georgetown
Acre Ma
Keystone Watch Case Co
Philadelphia