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Newspaper
The State Chronicle
Location
Raleigh, North Carolina, United States of America
Date
May 06, 1893
Page
2
A sprawling update covers financial markets with criticism of brokers and calls for state banks of issue, Cuba and Spain tensions, the World’s Fair gate openings, a Carolina courthouse fire and cyclones, a lynching in South Carolina, and local notices on Raleigh preparations, the Zinzendorf rebuild, and town elections.
At a trustees meeting Dr. John F. Crowell was reelected president of Trinity College. Professors Armstrong Weeks Houston and Welch have submitted their resignations.
A Wall Street note critiques insiders and wild pools like Sugar and Cordage, noting huge losses for many investors while banks show firmness. London traders buy rail stocks as the market steadies, and the piece discusses cautious, uneven recovery ahead amid a broader financial warning.
Secretary Herbert will be given a reception in New York City on May 10 by the Southern Society of New York. The President today appointed Henry H. Kain of Mississippi as collector of the port of Vicksburg.
Asheville citizen G E Gardner reports a sheriff deputy shot and killed Taylor McAlister near Burnsville after McAlister threatened the officer with a knife as the law sought a horse. McAlister, about 45, had three marriages and several children.
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