THJ3 STODAY' QEEGONIAN, POETLAOT), MA"? '4, 1902,
Ur
fLEECES WALL STREET
WAimAXT JOtJT FOR MAX PROMOT
ING "WASH SALES."
i ? .
SCotal oii -ottnlce In Fixed at
$5,000,000 to ?10;000,000
Ranks Causlrt.
KEW YORK, May 3. The slump In the
stock market, affecting what Is known
on the street as the Webb-Meyer stocks,
was followed late today by a story that
"warrante had been Issued for the arrest
of one or more persons In this connection.
The story was that the order of arrest
was issued upon an affidavit made by
a Wall-street operator who alleged that
he had been fleeced, and further affidavits
by members and employes of various firms
who alleged they knew the secrets of the
deal. It was further said that from, infor
mation placed? Id the hands of Pierre M.
Brown, an attorney, it was alleged that CO
banks in different parts of the country
are out more than 1.000,000 by stock ma
angulations, and the total loss at stake Is
placed at 55,000,000 ot $10,000,000. It was
asserted that Justice Gegerich.-of the Su
preme Court, had issued the warrants.
He could not be found to verify the state
ment until late tonight, when he said:
"So far as t can remeiriber, the state
ments which have been made are true,
and the quotation of the affidavit is cor
rect, though It must be remembered that
I have a. great many papers to deal with
in the course of a day of an hour and
without having them at hand cannot be
too certain as to what they contain. The
Order of arrest was made only for one
man, although I had signed four."
The methods by which the "wash sales"
were undertaken, it is said, are given In
the affidavit as follows:
"Orders would bo given to several brok
ers to cell the stock at given figures, and
orders would simultaneously be given to
other brokers to buy these stocks, eo
that the purchases by the last lot would
le made from the first. In this manner
prices were reported of supposed sales,
"the eales and purchases being made all of
them for the same people."
The affidavit. It is said, mentions a num
ber of banks located in this city, Boston
Philadelphia, Washington, Chicago and
other cities, which are alleged to have
aaaae loans on some of the stocks.
STOCK INVESTORS TIMID.
E&ve Fears That Price Movements
Are Not Genuine.
NEW YORK, May 3. The net changes
In today's stock market showed little of
the feverish nervousness of the two hours'
trading. When the market closed yester
day, there was little realization of the na
ture of the financial troubles reflected in
the collapse yesterday of the so-called
Webb group of stocks on the stock ex
change and In the curb market. Every
opportunity had been given to avert the
threatened failure, and to provide for sup
port in the stock market. The fact that
no stocks are deliverable on Saturday un
der contract, according to stock exchange
rules, nd that loans made on Friday
carry over to Monday, helped the efforts
to avoid trouble. There was a threaten
ing break In prices' at the opening of the
stock market. In 6pite of a strong upward
movement in Louisville & Nashville, and
Pennsylvania. These advances were lost,
however, and supporting orders at weak
points were found necessary to check
Indiscriminate liquidation. When St Paul
was selling in 100-share lots at 170, there
were bids in the market for 7000 shares
at 170&. The centralized buying was not
followed up when It was seen that the
selling was checked. After the bank
statement appeared, the buying was re
newed In a more aggressive manner, and
pie market developd a fairly buoyant
tone, with the close active and strong.
Early losses were generally wiped out,
and net gains were quite common at the
close. Of the stocks supposed to be im
mediately concerned in the disturbances.
Jutland preferred fluctuated between 103
and 99, with the last sale at 100, compared
-with 102 last night. St. Lawrence and
Adirondack were variously quoted at 50
Did, 120 asked, and 75 bid and 120 asked,
with the closing quotation 50 bid and 100
asked.
The Increasing cash shown by the banks
was a total surprise, as the heavy sub
treasury absorption during the week indi
cated a loss of more than J3.000.000. The
relief thus afforded was a welcome one,
In view of the loan expansion of more
than $10,000,000. The sharp liquidation in
the stock market, it is hoped, has served
to relieve the tension of the money situa
tion, although an active money market is
expected next week.
Review of the "Week.
Decline in speculative interest has been
sl?wn in the stock market this week, and
effTts at supporting prices have not met
with entire success. The month-end re
quirements precipitated a stringent con
dition in the money market, which was
aggravated by the collapse In Internation
al Power, and the distrust extended to
some of the other Industrials supposed to
have affiliations with that company, or
whose conditions are equally shrouaeo. in
mystery. This undoubtedly led to some
discrimination by the banks against In
dustrials as collateral In loans. The In
genious admission by one of the princi
pals in the International Power episode
that the slump was due to the neglect of
his patron to put in a buying order at the
eame time as his selling order was im
pressive as an example of how some of
the recent unexplained advances In prices
might have been brought about. The most
striking fact in the pow er episode was the
lack of a general market for the stock.
In spite of Its dazzling rise of over 100
points, when attempts were made to ef
fect real sales. Entire collapse was the
result. The' episode invited attention to
the recent course of many other stocks.
Even among the standard railroad stocks
'there are instances where the .market
turn-over has amounted to several times
the outstanding capital of the company
in tne course of a few days, with- a result
ing price change of only a few points.
Taken in connection with complaints of
commission houses of the scarcity of or
ders from the general public, theee facts
awaken distrust of the genuineness of
come of the price movements in the mar
ket. .Day after day, new high-record
prices are established in many standard
stocks, to say nothing of the large crop
of new and untried industrial securities,
of which there is little public knowledge
beyond the recorded price movements in
the market. It is almost an Invariable
rule that declining money resources is the
instrument for disclosing the weak mar
ket position of securities. Stocks whose
high prices are due to buying with bor
rowed resources with a view to only
temporary holding must be thrown over
' when loans 1 gln to be called In.
Rule Means Fewer Xcw Banlcs.
' A deeper impression than is superficial
ly apparent has been caused by the ac
tion this week of the New York clearing
house authorities. The decision to require
institutions to Tie admitted In future to
clearing-house privileges to maintain a
cash reserve In their own vaults commen
surate with that required of members
themselves, is interpreted as a note or
warning against the present rate of credit
expansion. This action is primarily ana
ostensibly directed against the rapid rate
Ki of increase of new banks and trust com-
'! panles. It Is also the outgrowth of much
i serious oiscussion tnat has taken place
regarding the growth of the deposit bank
ing business and trust companies without
any such legal restrictions upon them to
maintain cash reserves as are enjoined
U on the banks. The trust companies retain
only an Insignificant proportion of the
. I money in their own vaults at any time.
Their cash is on deposit with, the banks
and figures there as cash reserve. It is
at the vers' time when demand for cred
its or diminution of cash in the .banks
'has run up the money rate that the trust
cpnipanle are attracted to put out loans
at the high money rate prevailing. Relief
is nominally afforded to the banks by this
shifting of the demand for cash on the
trust companies, but the effect Is likel
to be an expanding volume of credit on
shrinking cash reserves. The last pub
lished statement of the condition of trust
companies for New York state showed
loans on collateral of $540.0S,20G. and $121,"
045,797 of "cash on hand," of which, how
ever, all but $9,858,702 was on deposit wltn
banks. There have been heavy loaris
since the first year by the trust compa
nies. The weekly bank statements reveal
that the banks are down to nearly the
legal reserve limit, which la thus seen to
figure not only against their own deposits,
but those of the trust companies. There
are many interior institutions who also
keep deposits In New York banks.
The varying weather news in the crop
belt has been an Influence on the market,
and the delay in settling the anthracite
coal miners' wages is another matter Hold
ing back the market.
The bond market has been affected by
the late weakness In stocks, and prices
declined in sympathy. United States new
4s declined , and the new 4s coupon 1
per cent, as compared with the close laet
week.
..Mr. Moore, of the firm of Offenbach &
Moore, who was asked yesterday to take
up certain collateral on which loans had
been made, said today:
"We have made arrangements which
are satisfactory to all exchange firms,
and wo expect to be able to "make ar
rangements by Monday which will be
satisfactory to the brokers. Our trouble
i TO ATTEND UNVEILING OF ROCHAMBEAU MONUMENT, i!
n
H
" GENERAL BRPGERE, COMMANDER-IK-CHIEF OF FRENCH ARMY.
To attend the unvtlllnff of the Bodiambeau monument, at Washington, May
24. General Brugere, Commander-in-Chief of the French Army, vice-president of
the Superior Council of War, and Inspector-General, will come with a brilliant
company of Frenchmen. General Brugere was for many years chief of the mili
tary household of the late President Carnot, an became very popular with the
members of the Paris American colnoy. In recognition of his American sympa
thies, at which Whltelaw Reld, who was then United States Minuter to France,
presided, a banquet wa given in his honor, and an address was presented to
him, which Mr. Beld said would erve as an excellent recommendation If he ever
visited the United States. The French visitors to tbo United States jvlll sail
from Toulon May 6 on the battle-ship Gaulols.
lUlltT--- ' "
arose chiefly through tho stringency In
the money market I cannot put an es
timate upon the amount of money of
which we found ourselves Dhort yester
day." '
It is stated positively that Dr. Webb la
not charged with any offense In con
nection with the application for the war
rant or that he received any benefit from
the alleged fraudulent transactions. Up
to a late hour tonight no arrests had been
made.
NEW YORsf BANK STATEMENT.
Striking Feature I the Increaso in
Loan.
NEW YORK, May 3. The Financier
says:
The official statement of the associated
banks showed an increase of $1,443,700 In
cash, Instead of a decrease of $2,501,800,
as was estimated from the movement of
money during the week. The striking
feature of the official statement was the
increase of Hd,768,400 In loans. This may
be regarded as surprising, considering
the fict that there was good evidence of
large calling of loans early in the week
incident to preparations for the disburse
ment of May interest and dividends, and
considering also that there must have 1
been more or less liquidation of loans aue
to syndicate operations of some magni
tude, possibly resulting in part from the
payment during the week of $10,000,000
for Pennsylvania bonds, and of a like
amount for Rock Island purchases. The
deposits were augmented by $13,643,000, or
$1,440,900 greater than was called for by
the increase in the loans and In the cash.
The statement is therefore out of har
mony. The required reserve was Increased
$3,410,170 by the gain in deposits. De
ducting therefrom, the increase in cash
leaves $1,977,050 as the loss in surplus re
serves, reducing this item to $7,484,000. A
year ago the surplus was $10,950,100. The
most notable changes in loan? were by
nine down-town banks, which showed a
net gain of $8,800,000. Four of these banks
increased $9,800,000, while two of the banks
Indicated a decrease of $2,000,000. Two
Wall-street Institutions gained $3,100,000
in specie, while two others lost $3,600,000.
The clearings of the associated banks
show an Increase of about $21,000,000. It
appears probable, as was the case the
previous week, that the cash of the banks
was made upon rising averages, and,
moreover, the condition of the institu
tions should improve during the current
week by reason of the fact that Treas
ury disbursements for interest were large
on Friday last and that payments by
banks Into the Treasury, on account o
the retiring circulation for May, and for
the return of public money by depos
itory banks, have been important, ap
pears to be indicated by the fact that the
loan deposits in all banks were reduced
$1,835,548 between April Z& and May 1, in
clusive. A comparison of tho deposits in
the banks (show that Secretary Shaw did
not succeed in distributing the surplus
during April to the extent intended, tho
deposits of public money increasing In
that month only $2,173,000. The Secretary
will probably make a strenuous effort to
distribute his surplus during this month,
which may be more successful.
The statement of the associated banks
for the week ending today shows:
'Increase.
Loans $904,16200 $10,768,400
Deposits 968.1S6.600 13,643,000
Circulation 131.019,300 79.000
Legal tenders io,csi,ooo en,300
Specie 1(3,0.400
Reserves 245,551,400
Reserve required 242.047,400
Surplus 7,454,000
756.400
1,433.700
3.410.760
1,977,060
Decrease.
Dr. Webb Resign.
NEW YORK, May S, Joseph Hoadley,
president of the International Power
Company, tonight received a letter from
Dr. Seward Webb, tendering his resigna
tion as a member of the board of direc
tors. Mr. Hoadley said the resignation
would be accepted.
DOMESTIC ENDS HER LIFE
MISS MAGGIE JONES TAKES OVER
DOSE OF MORPHINE.
Despondency on Acconnt of Inabil
ity to.,Get Employment Be
lieved to Be the Motive.
Miss Maggie Jones, a young woman
about 20 years of age, committed suicide
yesterday morning In the home of Mrs.
R. McCally, W0 East Eighteenth street,
by taking an overdose of morphine.
There seems to be some mystery con
nected with this suicide, and the only
motive that could be ascribed to the deed
was despondency, caused by being tem
porarily out of employment. According to
the evidence at the Inquest, given by Mrs.
McCaljy, the girl had been staying at her
home since last Wednesday. Mrs. McCally
said that she had formed a casual ac
quaintance with Miss Jones about six
weeks ago, and that she had then stayed
at her; house a few dayp until she ob
tained employment. Last Wednesday she
came to the, house for the same reason.
Friday she made application to the Girls
Club for a position as dressmaker, as she
desired to learn that trade. She also
tried to find employment elsewhere, with
out success. Returning to the home of
Mrs. McCally Friday evening, she retired
at 8:30, apparently in a cheerful frame
of mind.
At about 12:30 Mr. McCally heard heavy,
unnatural breathing In the room occupied
by Miss Jones, and entering found Miss
Jones unconscious, her lips livid and her
face blackened. Mr. McCally bathed her
face and hands and called help from the
near neighbors. Unable to do anything
to relieve her, Mrs. McCally summoned
Dr. Zlegler, and Dr. Charles Hill also
was called. The physicians worked over
her for some tune, but without effect,
and she- died a few minutes before 3
o'clock.
Dr. Zlegler and Dr. Cardwell held an
autopsy on the body, and reported tne
result at the Inquest, to the effect that
death apparently resulted from morphine
poisoning. All the organs of the body
were found, in a healthy condition. A
bottle that had contained morphine and
still contained some of the drr.g was
picked up under the head of the bed
by Dr. C. H. Hill, and an ounce bottle
of chloroform was found among her ef
fects. Dr. Zlegler said that there was no
Indication that the chloroform had been
taken, but all the Indications pointed to
morphine as the cause of death. The
symptoms were all those of morphine poi
soning, and she testified that In her opin
ion morphine caused Miss Jones' death.
Dr. Cardwell, who was associated with
Dr. Zlegler in the autopsy, also testified
that she thought death was caused by
the morphine. The Jury gave a verdict
of suicide.
From all 'information that could be ob
tained, It appears that Miss Jones came
to Portland from Comstock, Or., about
three years ago. She worked as a domes
tic at a home In Alblna, and also in Pied
mont The addresses of two brothers aro
John Jones, Oakland, Or., and James
Jones. Anlauf, Or., near Comstock. Theso
are the only relatives known, and they
were telegraphed yesterday the news of
her death. f
NATURE STUDY IN SCHOOLS.
Evening Star Granjre, Patrons
llniibnndry, Held a Meeting.
After a two hours' discussion of
of
the
question. "Shall Nature Study Be Moro
general in the Public School?" at a ses
sion of the Evening Star Grange, Patrons
of Husbarfdry. yesterday afternoon, held
in .Multnomah Hall, Section Line road, it
was the consensus of opinion that the
study should b,e cultivated both at home
and In the schools. The discussion was
carried on by the principals of the Russell
vllle, Montavllla and South Mount Tabor
schools, their teachers and others.
In the morning the grange gave the first
and second degrees to half a dozen can
didates, and this was followed by a ban
quet in the room in the rear of the hall,
where long tables had been set and a fine
repast spread. After ?n intermission of
an hour, the grange came together In open
session, and the main hall was occupied
by the members and the Invited guests.
Mls j, Spooner, lecturer of the grange,
took charge, and announced the pro
gramme. After several musical selections,
Miss Spooner said that the State Agri
cultural and other educational Institutions
had asked for the general discussion of
the question, "Shall Nature Study Be
More Generally Introduced Into the Pub
lic Bchools?" and that the open session
had been set apart for its discussion.
Professor Law, principal of the South
Mount Tabor school, was the first speak
er, and he said that it was impossible
to define exactly what nature study is.
He spoke of the tendency of the country
boys to drift to the city, in the mistaken
Idea that they would better their condi
tion, whereas they would be better off
in the cquntry. Mr. Law commended the
study of nature In the public schools as
far as possible, and in the. home as well.
He declared that ho was unable to an
swer the question, "What Is Nature
Study?"
J. B. Lance, principal of the Russell-
viue school, made a strong plea for a
dpser conimynlpji wife noiurp by pntact
with It He pointed out how this could
be done without Interfering with regular
school work. It was a study that might
be pursued outside the schoolroom as well
as Inside. He made an interesting talk.
"W TV Ttnwlnnrf rf Yn VTVlnnvllTn V
school, said that to some extent the study
was pursued In the public schools, but
really not to any real purpose. He said
that very few children knew anything
about the principle -of vegetable life; how
the bean would sprout and grow, or the
corn or grain of wheat These were sim
ple things, and every parent could explain
the principle Involved, by some object
lesson. Mr. Bowland remarked that in the
Montavllla school an object lesson show
ing the principle Involved In the sprouting
of the bean had been given. He thought
parents could greatly aid in the study of
nature by these simple things
Interesting papers were read by Mrs.
P. Kelly, Mrs. U. Nlblln and Mrs. Snyder,
all of which were earnest appeals for the
study of nature in the schools and in the
home. The remarks of Richard Scott of
Milwaukle, showed what can be done by
studying the methods of nature in the
production of new' plants and higher
grades of stock in sheep and cattle. Mr.
Scott said that he regarded this line of
nature investigation highly pleasing as
well as useful, and while he, had no tech
nical knowledge, he had been able to
pursue nature studies along- these lines
to good advantage and with some success'
on his farm at Milwaukle. One speaker
called attention to floriculture on school
grounds and around the home as a branch
of the subject A. F. Miller, master of
the grange, closed the discussion with a
stirring address. Tho remainder of the
afternoon was taken up with a secret ses
sion, during which the matter of erecting
a new hall and other questions were con
sidered. In a short time Evening Star
Grange hopes to build a two-story halL
UNION AVENUE OPENING.
Preliminaries Started to Make It 80
Feet From IIlRhlantl to Woodlawn.
The preliminaries for the widening of
Union avenue between Alberta street and
Dekum avenue, at Woodlawn, to 80 feet
are fairly well on the way, and will
probably be carried through successfully,
although some opposition has developed.
Many citizens are Interested In getting
Union avenue widened and improved as
soon as possible. It has been over 10
years since the first efforts were put
forth for that purpose, but opposition suc
ceeded In preventing even a 60-foot im
provement being made north from High
land. There are hopes that the move
ment will succeed this time.
The only expense that is contemplated
Is that for moving back houses and
fences to conform to the new street lines.
A long time ago most of the property
on the wrest side of Union avenue was
donated for a wide street and one of the
conditions of this present effort is that
property on the east side and elsewhere
should likewise be donated for street pur
poses, but that the owners of such houses
as must be set back should be reim
bursed tho cost This would seem on its
face reasonable and fair to all concerned.
The whole district will share In tho
advantage of having Union avenue wid
ened to 80 feet, and then improved, as it
will be the only improved street ia that
part of the city.
Horse Injured in & Runaway.
The fine hor?e of P. G. Magness wa3
severely Injured yesterday morning in a
runaway. As Mr. Magness drove from the
stable on East Thirteenth and East Ash
streets, early in the morning, the front
gearing of the wagon broke, which threw
the wagon on the horse, causing mm to
run. Mr. Mncness Jumped and was thrown
out He then tried to catch hold of the
lines, but could not The horse ran on
East Stark to Grand avenue, and was
stopped at East Washington street. His
hind legs were cut as they struck against
pieces of iron from tho gearing. Mr.
Magness was not hurt
East Sid Notes. -
Mrs. Webb Campbell is wrr HI kT
home, 775 East Burnside street
Rev George B. Van Waters, D. D.,
rector of St. David's Episcopal Church,
is expected to arrive from tho East this
morning.
Rev. John J. Staub, pastor of the Sun
nyslde Congregational Church, has been
confined to his home during the past
week, with Illness, and his pulpit will bo
occupied today by Rev. C. F. Clapp, of
Forest Grove.
The funeral of Miss Nellie C. Kindred.
daughter of Mr. and Mrs. Thomas A.
Kindred, was held yesterday forenoon
from the St. Francis church. East Oak
and East Eleventh streets. r
Dr. O. D. Thornton, dentist 503 Dekum.
DALLY CITY STATISTICS.
Contagious Diseases.
May 3 Minnie Atfield, 15 years, 319
North Nineteenth street; diphtheria.
May 3 S. Tamahaski, Seventh and
Couch street; smallpox.
Birth Returns.
April 23 To the wife of Fred M. Carter,
of Ashland, a girl.
April 26 To the wife of James W. Cur
rent, 27 Grand avenue, South, a gift
April 27 To the wife of John J. Boyle,
Central avenue, a girl.
Building1 Permits.
G. A. Anderson, East Yamhill, between
East Seventh and East Eighth, remodel
ing church, $1500.
Dwight WlnchcU, Angel street, 1-story
dwelling-house, $1000.
C. N. Ehret East Eleventh, between
Mason and Shaver, one-story dwelling
house, $500.
R. D. Glisan, Kearney, between Nine
teenth and Twentieth, repairs, $1500.
Marriage Licenses.
George W. Cook, 35; Carrie E. Rust, 33.
Arthur W. Cox, 43; Flora Kepner, 32.
Edgar O. Green, 21; Grace Bamford, 2t
Stewart Bratty, 24; Nora A. Armstrong,
2L
Real Estate Transfers.
S. W. Sigler to Nottingham & Co.,
lots 3, 4, 5. 6, block 299, Coffin's
Addition ..-............$1,000 00
R. Lea Barnes, trustee, to S. W.
and S. D. Sigler, south half block
299. Coffin's Addition 1
R. M. Dooly, trustee to R. Iea,
-rn-n..o tfiiLtoa amith naif ulOCK
299, Coffin's Addition - 1 w
Addie Harman and husband to R.
McC. Mlchler, lots 4 to 23, In
clusive, block 16, Good Morning
Addition ............ lw
C. F. Spauldlng to C. E. Larfleld
et al., lots 4 and 5, block 6, Gr
mania .. rvc" ' 3W
Portland Trust Company of Ore
gon to Henry Yost lot 6. block
14, Wiinams-Avenue Addition.... 410 00
Macleay Estate Company to Albert
G. Moore, lot 1L block 1L Lincoln
Park Annex .......4.... 150 00
Sarah A. Shattuck to Elizabeth
Kane. lot 6 ana east i-j ieei oi
lots 4 and 5, block 8, Simon's Ad-
AWfnn .............
100
Thomas Ryalla to. Matilda Waybill,
undivided one-half lots 5, 16, 10, 11
and 12. block 22. Fain-lew. ww
Sheriff, for Jennie Olsen, to Joseph
Manning, lot 10. block 28, Mult
nomah ....... ... ,vv LLVi
Herman G. ugaen ana wue w
Charles H. Ogderu 61x44x36x44 .
rods, section 31. T. 1 N.. It 4 fL. 100
E Byars to M. L. Holbrook, 14.33
acres, sections J, 2, 11, 12, T. 1 N..
K 1 W 6,015 60
W. J. Peddlcord and wife to B. W,
Rice, lots 15 and 16, block 5, Kin
zel Park .............. 203 00
Emma R. Brown to M. L. Hol
brook, River block A. James
Johns Second Addition: River lots
1 to 14. and fractional blocks 9.
11, 12. 13. James Johnj Addition... 4,000 00
University Land Company to E. A.
Rigby, lot 14, block U4, University
Park 1
Francis M. Korrell and husband to
May Morris, lot 8. block 25. King's
Second Addition ,..,2,000 00
Portland Lone Fir Cemetery Com
pany to J. C. 4McQuai.d, south
half lot 73, block 38 Cemetery... 20 00
Co-operative Investment Company
to Martin Miller, lot 7, block 93,
Sellwood 175 00
Abstract, and Utle insurance, br the
Pacinc Coast Abstract Guaranty & Tnuj
J c$ JM-5--7 railing bullOia:
SUES TONTINE COMPANY
H. E.
STEMLER WANTS
PAID BACld
HIS ?140
Complaint Says Money- Was Given to
J. F. Olsen Court Is Asked to
Appoint Receiver.
H. E. Stemler yesterday filed suit in
the State Circuit Court against the Ton
tine Savings Association, of Minneapolis,
and John F. Olsen, to recover $140, and
to restrain tho payment of $4000 to the
association. A receiver is asked to be
appointed by the court to take charge of
the money. The papers were served on
Olsen, and also on S. W. Devore, the
president of the association, who is in tho
city.
The complaint sets forth that on Feb
ruary 7, 1902, in the District Court in
Hennepin County, Minnesota, the Tontine
Savings Association was restrained by
an order of the court from doing any
further business, and Its officers and
agents from issuing diamond contracts
or certificates and from collecting any
further moneys thereon, and wholly and
totally preventing the corporation from
doing any further business whatsoever.
It ia alleged that Stemler at the time
held several contracts Issued by the Ton
tine Association, upon which he was to
mako weekly payments, and supposing
that Olsen had authority to collect and
without any knowledge of the restraining
order of the Minnesota court, paid to
Olsen, the agent of the association, after
February 7, 1S02, the sum of $140. It is
stated on informitlon and belief that the
Tontine Association Is dissolved and Is
Insolvent
It is further alleged that since Febru
ary 7, 1902, Olsen collected from various
other contract holders the sum of $4000.
Stemler avers that he has demanded
the return of his $140 from Olsen, and has
been refused, and that a number of other
certificate holders have notified Olsen that
they are the owners of funds in his hands,
and for him not to pay the money to the
Tontlno corporation. Stemler states that
he is advised and believes that an at
tempt is to be made by the corporation
to obtain the $1000 from Ofeen. and that
he is about to turn It over. If so. It Is
charged that the money will be wholly
lost, and the court Is asked to appoint a
receiver to take pssesslon of the $4000, to
distribute the same as tho court may di
rect Chamberlain & Thomas appear as
attorneys for the plaintiff.
SUIT TO HAVE CHECK PAID.
Action Afrninst C. II. Olmstend, J. S.
Bates and Alnsworth Bank.
P. M. Scroggln and S. W. Washburn,
doing business is P. M. Scroggln & Co.,
yesterday filed an attachment suit In tho
State Circuit Court against C. H. Olm
stead, J. S. Bates and the Alnsworth Na
tional Bank to recover $200. The papers
were sent to Dallas to be served by tho
Sheriff of Pqlk County on Olmstead.
It la set forth In the complaint for
cause of action that on April 14, 1902,
Best Aid to
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Downin
Established 1893.
WHEAT AND STOCK BROKERS
Room 4, Ground Floor
Olmstead drew" a check for $200 on Scrog
gln Bros., bankers, at Sheridan, in favor
of Bates. Subsequently Bates indorsed
the check In blank and delivered It to the
Alnsworth Bank, and the latter Indorsed
the check: "Pay to the order" of any bank
or banker. Alnsworth National Bank, J.
C. Alnsworth, President."
It Is alleged that on April 16 the Alns
worth Bank presented tho check to the
plaintiff, P. M. Scroggln & Co., which
firm, on the faith of the Indorsement,
purchased the check for $199 SO. The check
on April 18 was presented to Scroggln
Bros., and payment was refused. It is
further alleged that the Alnsworth Bank
refused to pay It, and the plaintiff there
fore asks for Judgment against tho de
fendants for $200 and $2 CO protest fees.
Court Note.
The inventory and appraisement of the
estate of I. D. Clampit, deceased, was
filed In the County Court yesterday. Tho
property is valued at $4071, of which $2221
Is cash.
Judge Sears will announce a decision
Monday in the case of Gottfried Gross vs.
Pauline Gross; motion for alimony, etc.
Articles of Incorporation.
Supplementary articles of Incorporation
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