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VOL, XLL 0.. 12,608.
PORTLAND, OREGON, FRIDAY, MAY 10, 1901.
PRICE FIVE CENTS.
MA-
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$14 r
We Invite the trade's Inspection
" of cur line of
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Of newest and latest designs.
Catalogue and prices furnished on application.
ROTKCHILD BROS., - 20-26 North First St.
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BOTTLED IN BOND
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Wholesale Distributers
PORTLAND
OREGON
ffl special-
5tehaiW This bottje of White's
j.VfHlTg Tooth Powdcr and
: fJ- ;. Tooth Brush, regular
fip flOWOSa 50 cents, all for
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Taken at ftiJI Value. 4th and Washington Streets
COLLAPSE IN STOCK
Almost a Panic on Wall Street
Yesterday.
DUE TO NORTHERN PACIFIC DEAL
This Stock Went to 910QO a" Share
and Slumped to $300 Other De
clines Almost as
v ' ' Great.
"Strongest in the World
.Serous ?T?? sse
PHIL METSCHAX, Pres.
C. W. KNOWLES, Mgr.
SEVENTH WD WASHINGTON STREETS. PORTLAND, OREGON.
CHARGE OF MANAGEMENT.
European Plan:
$1.00, $1.50, $2.00 per Day
Foley Hot Medical Springs
OREGON'S SUPREME HEALTH RESORT.
For Analysis of Water, Rates, e to, Address
A. A. HAFLENGER,
Temperature of Water, 188 del?. Foley Springs, Or.
.STRANSKY STEEL WARE..
We have just received a full line of
this celebrated Enameled Ware,
which we
GUARANTEE FOR 5 YEARS.
It Is Specially Imported and sold
exclusively in this city by
HONEYMAN, DeHART & CO.
FOURTH AND ALDER STREETS
Library Association of Portland
SEVENfH AIHB
STARK STREETS
Hours From 9 A. M. lo 9 P. M., except Sundays and holidays.
29,000 lOLA7USESS
S5.00 7S YSKR
SPECIAL RATES TO STUDEXTS.
250 PEIODICHLS
$1.50 75 QUHRTER
?1.00 A YEAR
His Majesty's Yacht, "flohenzollern"
The Incidents connected with the sale of an Aeolian Orchestrelle to His Majesty
Willlam IX, Emperor of Germany, form a convlnclnglllustratlon of the way In which
the Aeolian has gained prominence ana popularity the chance hearing: of the in
strument In the nomes and on the yachts of Its owners and the recommendation
-which 1 universally given by those who are familiar with it.
Every new evidence of appreciation of the Aeolian must strengthen the belief
that the Instrument has merit of a decided character, and substantiates the re
markable claims made for it.
M. B. WELLS, Northwest Agent for The Aeolian Company
"rclian Hnii. :c3-355 Washinuton Slrrt. mr. Prk
NEW YORK, May 9. Bitter stress de
veloped In Wall street by the second
hour of trading on the Stock Exchange
today. The violence of the commotion
had spent much of Its force at least for
the time being, when the chairman's
gavel fell announcing the close of the
day's proceedings. The casualties were
great and the field of battle was strewn
with the wounded, and may be with the
dying. But of actual fatalities none was
recorded of Importance during the day.
During the height of the panic, rumors
of insolvencies were handed about more
quickly than they could be reported.
But no confirmation could be had of the
Intimations of financial wreck. Those
against whom the rumors pointed re
fused even to show any signs of dis
tress and professed themselyes .ready to
meet all obligations. In more than one
case the answer to these rumors was for
a representative of the house to go upon
the Stock Exchange and place loans to
a large amount, as Indicating the abund.
ance of resources at hand.
But notwithstanding these and similar
devices for keeping up credit and confi
dence, the fact was too obvious of the
crash of values on the Exchange that
credits and borrowing power were shrink
ing at too prodigious a rate not to leave
the mind of the whole financial world
in a condition of intense 6traln. But the
indications at the close of the day were
strong that the principal damage had
been wrought upon the speculative class
or upon holders of securities on margin,
for whatever purpose. The banks have
been bo well protected by recent ex
tensions of the margins exacted in the
market value of collateral over the
amounts of loans placed that they have
had little to fear short of an absolute
wiping out of market values. The shrink
age of collateral made it necessary for
the banks in many cases to exact addi
tional collateral during the day, and this
added much to the distress for a time.
But in the late dealings the principal
banks in. the field agreed to form a
pool and raise a fund to loan the money
rate down to 6 per cent on the Stock
Exchange. The bid for money had been
run up to 60 per cent and was threat
ening to keep alive the panic. The
dozen banks quickly came to an agree
ment to -raise $16,000,000, with implied
willingness to increase the sum JfT neces
sary. There were very heavy loans placed
also by individual banks, ranging in
6ome cases to $25,000,000 and $30,000,000.
Through the early part of the day bank
ers exacted the market rate for loans,
but with the growing need to suppress
the panic offered the rate down to 6
per cent. Old customers of the banks
time, but when outsiders came In ask
ing for loans, the law of supply and de
mand was allowed to run its course.
Excitement in "Wall Street.
The state of excitement was very ap
parent all through the financial district
during the period of the panic, but there
were few sensational scenes. Now and
then a white-faced woman would peer
from a cab outside a broker's office and
would be driven off In a fainting condi
tion after receiving a message from the
Interior. Whenever any near approach
could be made to a ticker or to a board
on which quotations were posted, there
were great throngs of excited speculators
scrambling for a view of the course of
the market But the real stress of the
occasion came upon the men who were
shut up In either their private offices
or those of brokers or who were strug
gling and fighting on the floor of the
Exchange.
The outside country could obtain little
Idea of the actual occurrences on the Ex
change, as the brokers are remote from
the public galleries In their temporary
quarters in the Produce Exchange and
are half shut off from view by the 1G.
foot wall. In the brokers' offices many
men sat wno were; reduced to absolute
ruin as a result of 15 minutes' proceed
ings on the. Stock Exchange. Some of.
these have been made opulent within a
few weeks past as a result of the un
paralleled rise In prices. With the true
gambling spirit they have replaced all
their winnings on new ventures on each
turn. Today's drop, therefore, wiped
them all out. In many cases, one could
see the gambler's fortitude with which
the chances of gain were accepted. But
the glittering attraction of this market
has brought into it a constantly increas
ing assortment of more staid and inex
perienced speculators men and women
who have brought long-standing hoards
from -secret places and from savings
bank deposits with the determination to
make one successful stroke and to re
tire with the proceeds. The demonstra
tions from this class, which includes
many women speculators, furnished the
hysterical scenes and sensations of the
day.
All classes of employes in the Stock
Exchange district were under tremen
dous pressure throughout the day. The
Impression produced by contact with
those W3s due to their coolness and
nerve under the most trying and ex
citing circumstances. Brokers, messen
ger boys, telephone boys, clerks and the
like have learned during the last few
weeks to waste little time In demonstra
tions. They do things In the quickest
and shortest manner, and so made things
go smoothly today at a period when lack
of coolness might have meant disaster
to many persons.
There was a strong feeling this morn
ing before proceedings had commenced
on the Stock Exchange tnat a panic could
be averted only by the strongest meas
ures and with the greatest difficulty.
The fact was apparent that the corner
In Northern Pacific was still unbroken.
The excited bidding last night to secure
the stock for delivery today made that
very apparent. The first steps to avert
the panic were devoted to circulating re
ports that the conferences between the
contending Interests In Northern Pacific,
which continued In one form or an
other throughout the night, had resulted
In a compromise which would free the
shorts in the stock from their compro
mised position.
Movements in Northern Pacific.
These efforts proved utterly Ineffective
in the face of the first quotations for
Northern Pacific on the tape. The price
paid for the stock ran quickly up to $200
per share and then to $300, to $500 and
then to $700 per share' on regular trans-
nr-ttnrtf onil tlfWt nor- cli -och Tho
cash price paid meant that unfortunate
shorts who were unable to borrow the
stock last- night for delivery today had
to pay whatever cash price the 'engi
neers of the corner chose to ask for It.
The figures Indicated in these opening
transactions meant ruin for a large out
standing Interest in the stock. The per
ception of this fact was the principal
propelling factor In causing the demor
alization In the stock market. The con
certed effort to support the market by
buying all stocks which might be of
fered, which is always the most effective
manner of dissuading persons from sell
ing, and which was undertaken, ac
cording to the current belief In Wall
street, by some of the most powerful cap
italists in the country, was swept away
like a whirlpool under the deluge of
offerings which came upon the market.
As prices began to go down the dispo
sition to buy decreased and the determi
nation to sell seemed to grow in geo
metrical ratio as a falling body gains In
velocity the farther it falls; Such a
shoveling out of stocks as occurred dur
ing the second hour of today's stock mar
ket was never seen before. After a sale
had been made at a fixed price a broker
would throw in an additional block at
anywhere from five to 10 points lower
without stopping to demand any interme
diate price for his offering. The extent
of the decline during the half hour was
as great as In some cases has taken
weeks to attain on the advance, al
though all observers have"" agreed that
the rate at which prices have been go
ing up has exceeded any previous ex
perience. The figures alone suffice to In
dicate the proportions of the drop. In
Delaware & Hudson, the extreme decline
was 59 points, Manhattan, 38; Rock
Island, 35; Union Pacific, 38; Atchison,
34; Atchison preferred, 28; St. Paul.
30; Missouri Pacific, 32; Southern Pa
cific, 29; United States Steel preferred,
26, while a range of five to 30 points
would, cover the collapse In nearly every
active stock In the exchange.
In the outside market, the stress of
the demand for funds was shown by the
drop In the' price of Standard Oil of
171 points over night. The same urgent
need was reflected in the bond market,
where all grades of bonds were offered
on a declining scale. The sacrifices there
were naturally much less than In the
stock district of the market. .
Torn In the Market.
After the turn In the market came,
which it did'about noon, some noticeable
selling of bonds still continued, and thl3
was explained as being due to a wish
to secure funds to buy stocks at the at
tractive level of prices to which the mar
ket had fallen. In fact, the bargain
hunter was on hand and alert, and even
in such a scene of disaster as that pre
sented there are those who reap the
benefit. The drop in prices carried the
stocks of many substantial properties
down to a level at which the current rate
of dividends paid upon themjs well as
sured, making them good investments.
It was a very noticeable fact that
throughout the most acute.perlod of to
day's disturbance there "was nothing
heard to indicate doubt of the sound and
prosperous conditions of. industry and
business at large in the country. The
stock market collapse was attributed ex
clusively to overspeculatlon. and over
extension of credits used in holding stock
which it was designed not to keep but
to sell at a higher price. i ")
The shock which '"caused the 'collapse
was the .Northern Pacific corner,' without
dispute. The harm which mlgfyt result
from. the Northern Pacific eplso'de was by
no means so great In any one's mind as
to justify the extent of the collapse In
prices. But the delicate situation of the
market, due to overextension of specula
tion, made it vulnerable to this shock.
The decline, once In force, gained cumu
lative strength. Speculators' .margins
were wiped out, and brokers had to sell
the securities placed with them as collat.
eral to save themselves from loss, thus
adding to the weight of the selling. The
shrinkage in the market value of securi
ties placed with bankers as collateral
made It necessary that they should de
mand Increased collateral or call the
loans with which speculators were hold
ing stocks. With their credits thus re
duced, further sales of stocks had to be
made, and so it came from every quarter.
THE 610 DECLINES
Shrinkage of Nearly Seven
Hundred Millions.
PARTLY OFFSET BY RECOVERY
A Hopeful View Is Taken of the Out
look for Today Robs ell Sage
Says the Smash Was
Inevitable.
NEW YORK, May 9. A statistical re
view of the transactions in" the stock
market today shows that at low-water
mark of prices, 41 principal stocks had
shrunk the tremendous figures of $69S,3SS--
When seen concerning the struggle In
the stock market, he said:
"When I have spoken at all I have
tried to make people understand that I
have had nothing at all to do with this
market transaction. I have ben busy
all day long buying locomotives for the
road. I have not been in the street and
I have neither bought nor sold a share
of Northern Pacific."
Russell Sage, when seen tonight at his
home and asked his opinion of the stock
market, said:
"I have been associated intimately
with transactions on Wall street for half
a, century and I can truly say that the
last two days have been the most re
markable I have ever seen. Fictitious
and Inflated values have prevailed and
the smash that was inevitable has come.
I knew it would come and predicted It.
True, thousands will go to the wall, but
that Is only an incident In the fight.
This whole thing got Its origin In an at
tempt to divert traffic from its natural
and central course toward the West in
Omaha to the northern route an un
natural route. Yesterday (Wednesday)
was absolutely unprecedented In the his
tory of the financial world. However, I
do not anticipate serious results. By to
morrow (Friday) .things will have begun
to settle arid the general common sense
of people will put things to rights. The
prosperity of the country Is too great
HEADED THE PARADE
President McKInley at Los1
Angeles1 Floral Carnival.
VISIT TO SOLDIERS' HOME
Address to the Veterans at Santai
Monica A Pickpocket Robbed
Two Members of His
Party.
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UJVITED STATES MINISTER 'E. H. CONGER.
WASHINGTON, May 0. United States Minister Conger called at the State
Department today and paid his respects .to Acting Secretary Hill and Assistant
Secretary Crldler. It is hla preference to spend only a few days in Washington
looking over the dispatches that have passed between. Washington and Pekln
a since he left the Chinese capital. He will then be In a position, to advise the of-
ficials here as to any details of the situation which they may have overlooked. e
o 0
Dnc to the Corner.
The Importance attached to the North
ern Pacific episode was made clear by
the eagerness of all classes to learn all
developments concerning it and the Imme
diate effect of any announcement regard
ing It upon the stock market. The up
ward shoot to $1000 a share was' the ef
fective cause of the greatest demoraliza
tion in the market. The announcement
later in the day of the measures for the
relief of the shorts and the relapse in the
price of the stock to $300 allayed the de
moralization almost Immediately. An-
(Concluded on Second Page.)
SUMMARY OF IMPORTANT NEWS.
Collnpse of Stocks.
All share- on the stock exchange suffered in
the collapse yesterday. Page 1.
The slump was due to the effort to control
Northern Pacific. Page 1.
Northern Pacific sold up to $1000 and declined
to $300. Page 1.
The principal stocks shrunk nearly $700,000,-
000. Page 1. -
The Burlington-Northern Pacific deal will go
through. Page 2.
The panic extended to London and Glasgow.
Page 2i
Foreign.
The Duke of Cornwall and Tork opened the
first Federal Parliament in Australia.
Page 3.
The House of Commons adopted the civil list.
Page 3.
The Indemnity claim was presented to China
yesterday. Page 2.
General.
The President reviewed the Los Angeles floral
parade. Page 1.
Shamrock II was damaged in a gale off South
ampton. Page 3.
Winning Northwest League teams were Spo
kane and Seattle. Page 3.
Pacific Coast. ,
Attempt to refute charges d"f nepotism against
state officials of Washington makes case
worse. Page 4.
Exeuctor of Cosper estate brings suit against
Gilbert Bros., ex-Salem bankers. Page 4.
Quarantine officer at Port TownBend, "Wash.,
declares quarantine against all Alaska ports,
page 4.
Acts of late Oregon Legislature carrying no
emergency clause go into effect May 23.
Page 4.
Bottlers In Olympia brewery walk out Page 4.
Marine.
Enormous arrivals of Oregon wheat at United
Kingdom this week. Page 10.
"Weather Bureau may equip North Head with a
signal station. Page 10.
German ship Nereus clears with a valuable
wheat cargo. Page 10.
Portland and Vicinity.
Mayor Rowe appoints women's auxiliary for
Presidential reception. Page 12.
County Auditor refuses to O. K. bills for sup
plies not under contract. Page 10.
Up-stream dredging in Columbia River chan
nels produces good results. Page 8.
Port of Portland Commission discusses advisa
bility of building a new dredge. Page 12.
Death of Lawrence Molloy, ex-superintendent
407. This shrinkage, however,- is largely
offset by the recovery of . the market
toward the close. Selecting some of
the more prominent stocks and applying
to them the low-price calculation gives
the following showing:
Stock out- P'nts. Depre-
standin-s-. dec. elation.
Amal. Copper....? 75,000,000 26 119,500,000
Atchison com 102,000,000 35V4 15,955,000
Atchison pfd 114,199,500 28 32,659,756
Ches. & Ohio.... 60,533,400 18 10,896,012
St. Paul 47,148,600 32 14,851.600
Rock Island 50,000,000 33 16.500,000
Del. & Hudson.. 35,000,000 60 21,000,000
Louis. & Nash... 52,800,000 26 13,860,000
Manhattan 48,000,000 37 17,760,000
Mo Kan. & T.. 55,181,000 22 12,139,820
Missouri. Pacific. 147,507.000 31 13,727,170
N Y. Central.... 115,000,000 13 15,237,500
South. Pacific... 197,832,100 20 39,566,420
Union Pacific... 95,978,500 37 35,532,045
U. S Steel 550.000,000 21ft 119,625,000
U. S. Steel pfd.. 550,000,000 29 159,500,000
AT THE "WALDORF-ASTORIA.
Hopeful View Taken of tlie Outlook
for Today.
NEW YORK. May 9. The lights of the
Waldorf-Astoria were the camp fires to
night of hundreds of the soldiers of
finance who were o nthe firing line In
Wall street today and as they sat In
the cheery glow they nursed their wounds
and counted their dead. The casualty
list was a long one, but the night had
more cheer than the preceding one.
There was no wild scramble for over
night loans of Northern Pacific stock and
the new day seemed to be fair in prom
ise. There was intense relief at the
promised succor of the Northern Pa
cific shorts. It was accepted as a fact
that Kuhn, Loeb & Co. and J. P. Morgan
& Co. would settle for $150, and It was
believed that the action of these two
great houses would fix the price for
everybody. The price, it was generally
agreed, was a fair one. The rumor that
.T. P. Morean & Co. and J. J. Hill were
after all on top In the fight to control
Northern Pacific stirred the crowd, but
the chief concern was for the future of
the" market. As to the latter, a very
hopeful view generally prevailed. John
W. Gates dispersed cheer.
"The medicine has been hard to take,"
he said, "but it has-done good. There
was too much speculation and It had to
be checked. There will be heavy buying
orders and the market will rally prompt
Iv This Northern Pacific settlement will
clean things up. The banks saved the j
day and I feel quite sure tbere will be
no failures of any size."
Mr. Gates would not discuse his per
sonal losses, but told a dog story that
was eloquent in expression.
"I knew a young man In .Youngstown,"
he said, "who had a noor yellow pud.
Well, that dog was kicked so hard and
so often that he walked sideways. I
am walking sideways."
James R. Keene was In evidence early
and a dozen men credited him with, the
statement that the Northern Pacific
shorts should have paid $4000 per share.
He declined to talk for publication, how
ever. There was much speculation as
to the effect of the return to New York
of William. K. Vanderbllt and It wa3 pre
dicted that there would be a radical
change In railway consolidation plans.
Friends of the Harrison syndicate vowed
that the Morgan-Hill programme would
never be carried out.
James J. Hill, president of the Great
Northern Railway, took dinner with his
to permit of this crash affecting us se
riously." The Tribune tomorrow will say:
"After the most disastrous period of
yesterday's crash In the stock market
had passed, a number of the strongest
banks in the city formed a money pool
to lend the stock market borrdwers on
approved collateral. Late last (Thurs
day) evening It was authoritatively
stated that the loans made yesterday by
the Associated Banks and J. P. Morgan
& Co., amounting in the aggregate to
nearly $20,000,000, will not be called today
and that the rate of interest will be
marked down to materially below yes
terday's ruling rate."
Mellen "Was Snrprised.
ST. PAUL, May 9. At the NorthernPa.
clfic general offices in this city today the
fluctuations of the New York: stock mar
ket were watched with Intense interest.
No explanations of the rise were at
tempted. President C. S. Mellen positively
refused to talk about the affairs of the
Northern Pacific. When Northern Pa
cific common was reported as going to
$250, Mr. Mellen gave a whistle of sur
prise, which was repeated with Increased
emphasis at every climb In the stock.
H ?Id th,at the stock hGd touched
the $1000 mark, Mr. Mellen gave verbal
expression to his amazement. He told
several gentlemen around the building
that he was absolutely unable to explain
such violent jumps.
Morgran Goes to Paris.
ALX LES BAINS, France, May 9.-J
Plerpont Morgan left here for Paris this
e v euuig.
THE PLATT AMENDMENT.
Cubans Will Undoubtedly Accept It
Alter Some Delay.
HAVANA, May 9. There now seems to
be no doubt that the Cuban constitutional
convention will accept the Piatt amend
ment, but It is expected that there will
be some delay before a final vote Is
reached. Senor Juan Gualberto Gomez is
advocating public sessions. It Is stated
that the colored orator wishes to make
some interesting statements to the pub
lic before the convention dissolves. It
was In the plans to hold a meeting to-
aay, Dut owing to delay In printing the
report' of the special commission which
went to Washington, the session was
"postponed until tomorrow.
General Rivera, who is In Honduras on
leave of absence, has written to the con
vention advising the acceptance of the
Piatt amendment.
The . Democrats have nominated Senor
Carlos, Garcia as their candidate for
Mayor, the Republicans have nominated
Senor Estra Mora, and the Nationalists
will nominate the incumbent, Senor Ge-ner.
"Watch Trnst Falls Through.
BOSTON, May 9. A director of the
American Waltham Watch Company says:
"The officers of the American Waltham
Watch Company have informed the pro
moter of the proposed watch trust that
that company will not become, a party to
any consolidation of watch companies.
Other companies have declined to go into
the twist movement, so the $75,000,000 com-
l i.t..M Kn. Kftfln oKandnned."
LOS ANGELES, Cal.. May 9. From a
broad, blue-canopied pavilion, surrounded
by the members of his Cabinet, the Gov
ernor of Ohio and many notables of
many states. President McKInley today
reviewed the floral parade of the Loa
Angeles Carnival. The city wa3 packed
to the doors. The population ot Loa
Angeles, according to the census. i3 over
100,000. but the streets must have held
almost twice that number today. Pas
adena. Santa Monica and other neighbor
ing towns in Southern California were
literally depopulated. The scenes on
Broadway, where the reviewing stand
was located, resembled Pennsylvania ave
nue In "Washington on. the day of an In
auguration parade; every facade flamed
with bunting and pampas grass plumes
red, green and orange, the colors ot
the fiesta, prevailing; terraced stands
of people, the windows walled In with
them, the sidewalks to the roped street
packed with them like sardines In a
box. Mrs. McKInley did not witness the
show, but she drove alopg Brpadway
and received the plaudits of the multi
tude just before the procession appeared.
The President rode at the head of tho
parade in an open carriage drawn, by six
spirited milk-white horses with yellow
satin harness. At the head of each horse
walked a Spanish caballero in green vel
vet with much gold braid about hla
bolero. The carriage was a mass of
white carnations and yellow coreopsl3
blossoms. A troop of cavalry with yel
low horsehair plumes wavlnyabove their
helmets and wreaths of flowera across
their shoulders and blanket rolls of red
carnations behind their saddles, headed
by a band playlns the "Star-Spangled
Banner," preceded the carriage of the.
Chief Magistrate to the reviewing stand.
As each carriage reached the reviewing
stand the ladies in It arose and smiling;
saluted the President with deep cour
tesies. The President was kept on his
feet most of the time returning these
charming greetings. He apparently en
joyed the experience hugely. Each lady
carried a bag of rose leaves for use
as confetti, and after saluting the Pres
ident she threw a handful of the soft
to h'j box. Before the parade?
was oyer" he was ankle deep In rose
leaves.
In the" morning- previous to the floral
paradethe President and his party were
driven" -througKffie-resIdence se&tlonsr of
Los Angeles.
This afternoon the ladles of the Presi
dent's party went to Pasadena and took:
a drive there, while the President made a
trip to the National Soldiers Home, near
Santa Monica. It is 18 miles distant and
he made the journey In electric cars.
Three thousand of the President's old
comrades of the Civil War greeted him
there. The old soldiers gave the Presi
dent a remarkable demonstration. He was
introduced by the governor of the Homa
and spoke as follows:
"My Comrades: I am very glad to meet
you all here In this beautiful Home pro
vided by the Government of the United.
States, which you served so well In time
of war, where you can end peacefully and
with repose the later days of your lives.
There Is no relation except that of home
and family so close, and Intimate and sa
cred as that of comradeship In war. And
then remember that we are not only sol
diers serving in. the same army, but that
We were serving tor- one of the noblest
causes that ever engaged mankind that
of the preservation of this Republic
there is an added sanctity to our relations
from '61 to '65. I am here to tell my
comrades of '61 that I have only within
the last week passed through the battle
fields upon which so many of you fought
and upon which so many of your com
rades fell. I am here to tell you that on
those battlefields and In the Southern
cities and towns through which' I passed
tflose who bid me warm welcome and
those associated with me were the men
who were your foes 40 years ago friends
now, marching side by side as they did
with the Grand Army of the Republic to
give me greeting all now having one
faith, one hope, one aspiration, one des
tiny and all loving the same old flag.
(Great applause.) I never meet my com
rades that I do not recall how many of
them are no longer with us. They sleep
today in those silent tents that never are
to be opened the tents that outward
swing. Thus our comrades are sleeping
sleeping where they fell, falling for the
holiest cause for which men could fight."
(Applause.)
Considerable excitement was caused by
the discovery after the speaking that a
pickpocket, who had been at work in tho
crowd, had relieved two of the members
of the party, Secretary Wilson and Col
onel Charles A. Moore, of their pocket
books. Later, the thief was arretted.
Several pocketbook3 were found on his
person, a gold nugget which Mr. Moore's
son had obtained at the Congress mine
In Arizona, and Secretary Wilson's
iioeketbook. which contained $175. The-
thief proved to be -a pickpocketwell
known to the police.
Upon his return- to Los Angeles late
this afternoon the President received
Governor Nash and the Ohio congres
sional delegation at the hoteL Thero
was no public function In, the evening.
The President and Mrs. McKInley dined
at the residence of Homer Laughlin. The
President and members of bis party re
tired In their train tonight and will leave
at 6 o'clock tomorrow morning for Del
Monte, where thpy will spend Sunday.
Stops will be made on the way at Ven
tura, Santa Barbara and San Lula
Obispo.
One of the most notable Incidents of
the day was a visit paid by President Mc
KInley to Mrs. Jessie Benton Fremont,
the aged widow of General John C". Fre
mont. Mrs. Fremont was Injured In an
accident about a year ago, slrice which
time she has been an Invalid. The Presi
dent spent a quarter of an hour In con
versation with her at her home.
Ohio Party Goes To San Francisco.
LOS ANGELES. Cal.. May 9. The spe
cial train carrying Governor Nash, of
Ohio, and his party, left tonight for San.
Francisco.
Wanamaker's Confedential Secretary.
INDIANAPOLIS, May 9. E F. TlbboU,
who served General Harrison as private
secretary, has been, made the confidential
secretary of John Wanamaker, of Phll-delnhla.