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About Lincoln County leader. (Toledo, Lincoln County, Or.) 1893-1987 | View Entire Issue (Sept. 30, 1897)
in '4 !fc ill It Mil' to t omit F0fiEGLOSEMORTGflGE lysMeKinley in Refer ce to Union Pacific. Jganization will follow immfi lo Will Amount to Twenty-Five Million milu- Hack of New Company. V' Lgo, Sept. 27. A special to the jnefrom Washington says: Union Puoiiio reorganization Jittee proposition for the settle iof the company's debt to the tad States will be accepted, the T t mnrtirn will be fore- i the road sold and the company ';rl. This statement is made I L hliost. nuthoritv. A several days pasi tue president ? i l.nnnaB with tlio mitrAQdn. fftlie company and with the L..,jiv.g-neral. aim neiure ne leu iHi I.- uarM.I In I!,., !., I.f !!..! .n. IT HlllKluii "6 Midi ,1 1 Biiigw. -e ,l ita rpnnninization urjon the i which the reorganization coininit kuggested. The unnoiinccment of Jeonion may ba looked for at an date. It will come in an order SirecloBure issued by the president Se secretary of the treasury. Tie greement to which President Jinley lias agreed to give his Sanc tis the same which was submitted ingress by President Cleveland January. Under this agreement ((organization committee will bid flie road under a foreclosure salo, Sum of $45,000,000. i order to give an intelligible state iof what this bid will mean to the ijod States, it is necessary to enter It into the history of the Union obligation to the government, .ie principal debt of the Union ficto the United States was $35,- iil2. A portion of this has not yet advanced by the United States, interest paid by the government ints to $36,954,893. The whole jbtedness on the 1st day of July, i was $70,494,405. The sinking 1 of the Union Pacific in the hands ie treasurer of the United States on me clay was $17,738,209. After Icting the sinking fund, which is jffetof the company in the hands of United States for the puprose of ,igthe debt of the Union Pacific ipany to the government, the sum 128,015,850 remains to be paid, fiitlie only sum which the Fitz- iiu reorganization committee, as it pown, win ue required to pay the imment ie loss to the government isthn ilif. j Between fa3,000,000, which. au,uunniue ine government In id numbers. Ami tha too nnn nnn inft a loss of nenrlv tin nnn nnn ;n nnmnura 1: .1. . r j- ""-".in, auvuruuig 10 ine ngur P the opponents of the agreement f agreement for the foreclosure I . wntains a provision for the mzauon ot the Union Pacific Iroad Company and its Kansas Pa I oranch. The reorganization com- r wusisis 01 Louis Fitzgerald, f n. hclueH, T. Jefferson Coo- f. jr.. Lhauncey M. Depew, Marvin fnitt and Oliver Ames. Tim n. jation of the new company under s-'xttcnuu ninn will h ttAA nnn Per Cent hnn.lu ft?K nnn mm f r' stock ami $ 01.000,000 of coin- 3D SHORTAGE INEVITABLE. Report on Condition. In the North. Ington. Sept. 27. -Captain .m command of the cutter Bear, Wiring 6ca patrol, in rt ffic?reUryf the ensury, gives account of the rescue of Cap- HUesules, his wife and a number crew of the steamer Nevarch, 'CkT?u5ht int,,e ice Packoff Jul, so, and also reports as Ml " ' attirB at st- I'tl reaehed St. Michaels Au where about 800 miners were H fW "P" n the beach. On or , jla.'Tule received requests I the BS 1 Coercial Company I' 'North .American Trading C,m M J?"ln wtih his command at L ," until some means oould be r1 10 ltinm,..: i hvuinfZ u luw na order, infl , that a,non8 the sud- actem - i 1 ple were many bad he S.. Previo"8 to the arrival "ear. niwn , eutnu 1 . ""cb'h nau oeen -Ctlhat they would do if the NithH,. Anls was impos- U IS ."'"""t hand. 'd ell., 118 that navigation Fit w7 .? Iew daya and 3 aeb, h. on the Wfly to St. n ,,j l , "'em with pas raV"d..hetl'0Dlt if they did not n.mnch.w w,,Icn orougnt canu; Unn8 result rin??PerJ! ' tI,e command of sicw withe.a conld ta oom- Conl...i- ' 'nt,..8,-,:,., rePrt Captain r tho v i 8 Pn'on the situ- r limited '' Vu ?vax: ua novation. i V 3 U1 I0OU WU1 DEATH IN - DYEA PASS. ElEhteen Pa. ker. Iturle.l r,ier Mon. lor Aviilunclie. Port Townscnd.Sept. 27,-Tlie steam er Pioneer, which left th Suund Sen. temberl2with the bark Shirley in tow for Skaguay, returned at 1 o'clock this morning, having made the run down in 98 hours. The Pioneer brings down a storv of a snow or landslide between Sheen Camn and Chilkoot pass last Sundav morning in which 18 men are supposed to have lost thier lives; only one bodvhad bee,, found, that of a man named Chnvnski cousin of JoeChoynski, theprizefHitur' The 15 or 18 men supposed to be lost were packers on the Dyea trail, and they had upwards of $30,000 in their possession. There are many here who do not he lieve the story, as it is very early in the season for snow slides. Officers of the Pioneer say the story was brought to Skaguay Sunday evening bv three men who told it in such a thrilling manner as to leave no doubt as to its truthful ness. They described the avalanche as consisting of rocks, ice and dirt, the mass having been loosened by the re cent unprecedented hard rain which has been fallling continuously for the past month. All the bridges on the Skaguay river have been washed out and the river is a raging torrent. V. V. Spraguo, of Tacoma, who started eight weeks ago with a three years' outfit, returned from Skaguay on the Pioneer. The steamer Al-Ki, a week overdue irom AiasKa, arrived this morning at 4 o'clock. She carried a largo list of men returning from Skaguay, who were unable to cross the pass. The snow is fix inches deep at Lake Bennett, and three inches fell on the summit of Chil koot pass last Saturday. The Story t'orrolioratml. Port Townsend, Wash., Sept. 27. Captain Neilson, master of the tug Pioneer, corroborates tho story of the snowslido, or more appropriately, land slide, in the neighborhood ot Sheep Camp. Captain Nelson says: "Three men came to Skaguay beach Sunday night with a story that at Sheep Camp that morning at 8:30 o'clock a peculiar sound from the south west side of the mountain was heard, and before the residents of the camp could fully dress they found themselves being rapidly borne down the canyon on a mass of moving debris from the mountain side. The majority of the residents of Sheep Camp escaped, al though the entire town was almost wholly destroyed. "The slide struck the town in tho northern part, where nearly all the packers were quartered in tents ami Bleeping the sleep of hard, overworked men. The main part of the slide from the mountain missed Sheep Camp proper, although from the report very little of the town remains. Packers' camp was wholly carried away, and it is impossible to learn the full names of the unfortunates, us they were all known by surnames such as Jack, Jim, Dick, etc. "The cause of the slide was reported to be the action of heavy rains on the hills where a sort of reservoir was formed, which body of water forced the land down into the basin below. Never before have such heavy rains been ex perienced by old Iifdians in the neigh borhood of Chilkoot pass." . W. Sprague, of Tacoma, return ing from Skaguay pass, verifies the above report. THE UMPIRE CHOSEN. Fifth Arbitrator or the Hritlh-Veiie-Kueltt Itolimlnry. Washington, Sept. 27. A final de cision has been reuched by the arbitra tion who are to determine the British Venezuela boundary line as to the fifth arbitrator, or umpire, who is to act with him. His name is for the present withheld. It is not Baron Courcel, whose name has been mentioned in this connection, nor King Oscar of Sweden, who was to name the umpire only in case the arbitrators failed to agree. An agreement was reached without the necessity of calling on the Swedish sov ereign. The umpire is an European, but this is said to be without signifi cance, since no question involving the Monroe doctrine is to be submitted to the tribunal. The arbitrators on behalf of Venezuela are Chief Justice Fuller and Justice Brewer, of the supreme court. ' . A Livestock Trnit. Washinzton. Sent 24. Assistant At torney-General Uoyd, of the depart ment of justice, in charge of the case against the South Omaha Livestock Exchange, says he is satisfied the South Omaha exchange was organized on lines similar to those of the Kansas City exchange, which was a few days ago declared a trust by Judge Foster of the United States district court. The units against Wetsern livestock exchanges begun under Attorney-General Harmon, of the Cleveland admin istration, but the present administra tion is prosecuting them with all pos sible rigor; Killed by a Landillde. London, Sept. 27. A private dis patch from Rome Bays that about 40 persons were killed and many others injured by an earth slip at the sulphur mines near Girgentt. THE MORTGAGE LAW. Declared Unconstitutional by the So.! preine Court. Olympia, Wash.. Sept. 27.-The su preme court today affirmed judgment in the case of Nathaniel R. Swinburne, respondent, vs. the Sheriff of Pierce county, appellant a case that involved the legality or application of the act passed by the last legislature relating to the sale of property under execution and decree, and the confirmation of sheriffs' sales. The case was appealed from the su perior court of Pierce county, when a peremptory writ of mandamus was granted against the sheriff, command ing him to proceed with the sale under a special execution and order, issued on June 24, 1897, in the case of Swinburne vs. Delane, and to advertise certain mortgaged property for sale to satisfy' the judgment in the said cause, with out appraisement or without requiring either the judgment creditor or debtor to fix a value upon the mortgaged prop erty as a minimum price for salo, and to proceed at once under the old law regarding such sales, without regard to the rvint n-t of the !ei"!att!re reflat ing such matters. The respondent contended: First That neither the title nor the body of the act sustained the conten tion that the law applies to foreclosure of mortgages. Second That it was not the intent of the legislature to make the law retro active; and Third That, if the law does apply to mortgages and it was intended to be iciruuuuve, mat portion relating to a year's stay of sale and the provision for fixing a valuation are unconstitutional, because obnoxious to section 10 of ar ticle I of the constitution of the United States regarding impairment of con tracts. Regarding the first contention, the supreme court holds that it was evi dently the intent to include mortgages as well as mortgages sold under execu tion. Also, that it was the intention of the legislature to make the provi sions o' this act retroactive. In holding the act unconstitutional in its application to contracts made prior to the passage of the act, the court devotes some attention to the principle of the inviolability of con tracts, which is founded upon honesty and good faith, supported in ethics as well as law. It the value of a contract is deteriorated or lessened by the pas sage of an act, the obligation of the act is most certainly impaired. It is a principle of law that the law which is in existence at the time a contract is made becomes a part of the contract. In this case it was expressly stipulated in the mortgage that the law in force at the time the contract was made should become a part of the contract, but in the absence of such stipulation the effect would be the Bame. Under the law, when the contract was made, the mortgagee had a right to the Bale of this land at once upon the issuance of his execution, subject only to re demption. This was a valuable right, and was no doubt taken into consider ation by the judgment creditor, or in this case the mortgagee. The law now compels him to wait more than a year after judgment before he can have the same made, and, says the court, it seems beyond controversy that, as to antecedent contracts, this provision of the law is void. Defence! at the Golden Gate. San Francisco, Sept. 27. The Unit ed States engineers in charge of the harbor fortifications of San Francsico have directed that a survey be made on the shore line on the south side of the bay, and the Golden Gate, from Black point to Point Lobos. The pur pose of the Burvey, which has just be gun and will be completed a week hence, is to accurately locate the forts for the information of the war depart ment. Army and navy officers here think the harbor defenses are now sufficient ly well advanced to stand off any fleet that Spain or Japan could put into ac tion here, and they are strong enough with the assistance of the batteries of the Monterey and Monadnock type and with the aid of torpedoes to make a splendid fight against the best fleet England would be likely to Bend here. Punlnhment of Kins of Benin. Lagos, West Coast of Africa, Sept. 27. Drtinami, the king of Benin, who tins been on trial at Benin City since August last, with a number of his lead ing chiefs, charged with being concern sH in the massacre of the unarmed ex pedition under Birtish Consul Phillips, has been condemned to ue transported to Calabar, a slave settlement of Brit- ish West Africa. Three of the king's chiefs were previously sentenced. Two ( of them were shot and their DoJies dis- i played hanging in the streets for 24 hnn. The third of these chiefs es caped a similar fate by committing sui cide. Typhoid Wiping Out a Family. Greensburg, Ind., Sept. 27. An un usually peculiar case of family afflio tion is reported from Forest Hill. Two weeks ago the eldest brother of Mrs. Finlcy Sanderson died of typhoid fever. A few days later her mother passed away from the same disease, and the fever claimed her husband last Satur day. Yesterday she herself succumbed to the malady, and now two of her children ars lying at the point of death. SOLDIERS IN DISGUISE. Well-Drilled Japanese Steerage ras.cn. Kera Laud at Honolulu. San Francisco, Sept. 24. If the stories of the passengers and crew of the City of Peking, which arrived here Tuesday evening, be true, a state of affairs exists in Hawaii which demands the attention of the state department. When the Poking arrived at Hono lulu, tho attention of passengers on board was attracted by the remarkable symmetrical movements of 174 Japan ese steerage passengers who were disem barking. Although classed as laborers, their well-drilled and military appear ance was too palpable to escape observa tion, and occasioned considerable com ment. The Japanese were evidently under the command of a veteran ser geant and divided into squads of 20 under noncommissioned officers. During tho voyage a military disci pline was observed which oreated com ment among tho other steerage passen gers and the steamer's crew, and many conjectures were hazarded as to the meaning of their being shipped to the islands. It was generally believed that luuy wuioouiit lo the ioluiiua lui tho purpose of forcibly resisting annexa tion, if necessary. Rumors of the presence of the emper or's soldiers are not new on the islands, and it is said over 1,000 drilled men have been landed, and about 400 veter ans of the Japan-China war were ex pected on the next steamer. ORDERED THE LYNCHING. WEEKLY MARKET LETTER. Ex-Clilef of Police of Mexico Responsi ble for tbe Death of Arroyo. City of Mexico, Sept. 24. Senor Don Edurado Velasquez, late chief of police, today confessed that he directed the killing of Arroyo, the assailant of Presi dent Diaz. Velasquez was removed from office and placed in prison on sus picion of having acquiesced in the kill ing of Arroyo. Today, during the offi cial investigation, the ex-police chief was placed on the stand and asked to detail his connection with the affair. To all questions he responded that he was a great admirer of the president and he felt that the scandalous attempt upon his life merited severe punish ment. The judge permitted this evas ive reply for some time, and then or dered the inspector to reply directly to the question, and then he confessed the part he took in the tragedy. His servant admitted buying the knives with which the killing was done. A Reindeer Express. Washington, Sept. 24. Secretary Bliss, of the department of the interior, has instructed the commissioner of edu cation to have the reindeer now at Tel ler station, Alaska, which have been broken to work, forwaded to St. Michaels, to be held there for use in forwarding supplies to the Klondike country in case of emergency.' There are about eight of the-deer, which it is believed by the administration can be utilized in this way, and the opinion prevails that they would be much more uesful than dogs, because they can travel more rapidly, draw more, and can live on the little forage the coun try produces. The secretary says that each reindeer will carry about 800 pounds, and will travel a hundred miles a day. They are to be Bent to St. Michaels in preference to other places because of the available stores at that point. Export Duty on Gold. Washington, Sept. 24. The owners of gold mines in Nicaragua are worried over a decree published August 15 and taking effect immediately, establishing an export duty of $1 gold per ounce on gold ingots, and $2 per ounce on gold dust. The information comes to the state department from Consular Agent Clancy at Bluefields. He says the old duty was 35.44 cents per ounce on gold. The mining interests have united in petitioning the government to revoke the decree, which they hold would be ruinous to the new industry. Last year the gold exports from Bluefields amounted to $109,545, an increase of $31,030 over the preceding year's ship ment. Cyclone In Italy. Brindisi, Italy, Sept. 24. A cyclone swept over Savar, Aroria and Lationo, all in the province of Lecce, yesterday evening. Forty persons were killed and 70 injured; 20 houses were de stroyed and telegraphic communication with the scene was cut off. At Orra, the railway depot wbb de molished and all tbe railroad men en gaged thereabouts were killed. Two chateaus and 30 houses were destroyed in a neighboring village, where 20 were killed and 24 injured. At Aesagne, province of Lecce, 15 were killed and five injured. Great tracts of country have been desolated by tbe hurricane. A Boy Accidentally Killed. Chehalia, Sept. 24. -Robert, the 6-year-old son of W. J. Shields, of Pe Ell, yesterday morning accidentally shot himself with his father's revolver, the ball taking effect in the head. Ha died in a short time. It is not known how the accident occurred, as the other members of the family were absent from the house at the time. Gold on the Saala. Southampton, Sept. 24. Tbe 8aale, irom Bremen, sailed for New York to day with $1,000,000 in gold. Downing, Hopkins Company's Review of Trade. The renewed export demand has been the dominating factor in the wheat market during the last week. Tho for ward movement of the new crop has been disappointing both in quantity and in quality, but has been suffi ciently large to warrant the expecta tion of a fair increase in stocks at cen ters of accumulation. The market is lacking in speculative support, the vol ume of speculation having fallen to the minimum. This serves to emphasize the legitimacy of the present advance. There has been no change in crop pros pees in America ami .that the present crop will be the second miK"Bi raised in tne history ot this country From u speculative point ot view the market now possesses two sides. There is no longer any doubt that Europe requires all of our avail able surplus. We cannot meet this in creased draft and at the same time re plenish our at present depleted reserves in all positions. But it must bo re membered that Europe has already bought largely and that her necessi tities are not entirely for the immediate present but for the entiro crop year. The increasing movement of the new crop promises to more than offset the demand for tho time and result in in creasing stocks. Corn is king. This has been and is a year of prosperity and advancing values. It is futilo to talk of surplus supplies or the growing crop. The for mer is unprecedontedly large. The latter promises to bo much smaller than anticipated, but neither will have but a temporary influence on values. We are emerging form a period of depres sion and panic. Every other commod ity is advancing in value. Corn is going to participate in the general ad vance. It has been selling too low. It is going to sell higher. The shortage in the wheat, rye and potato crops of the world insures the substitution of corn as a food product to an extent never before known. To argue that corn is going to sell lower is to main tain that the panic still exiBts. Every one knows better. , fort land Market!. ' Wheat Walla Walla, 83 84c; Val ley and Bluestem. 8087o per bushel. Flour Best grades, $4.40; graham, $3.85; superfine, $2.50 per barrel. Oats Choice white, 8738c; choice gray, 86c per bushel. Barley Feed barley, $1920; brew ing, $1920 per ton. Millstuffs Bran, $14 per ton; middlings, $21; shorts, $2021. Hay Timothy, $12 12.60; clover, $1011; California wheat, $10 do oat, $11; Oregon wild hay, $U 10 per ton. Eggs 17 ic per dozen. Butter Fancy creamery, 6055o; fair to good, 40 45c; dairy, 3035o per roll. Cheese Oregon, llo; Young America, 12c; California, 9 10c tier pound. Poultry Chickens, mixed, $2.50 3.00 per dozen; broilers, $1.752.25; geese, $56.50; ducks, $44.50 per dozen; turkeys, live, ll12c per pound. Potatoes. Oiegon Burbanks. 40 45c per sack; new potatoes, 50o per sack; sweets, $1.40 per cental. Onions California, new, red. $1.25 yellow, 80o per cental. Hops 10c per pound for new crop; 1896 crop, 6 6c. Wool Valloy, 1415c per pound; Eastern Oregon, 10 12c; mohair, 20c per pound. Mutton Gross, best sheep, wethers and eweB, 2Ji2c; dressed mutton, 6c; spring lambs, 6 per pound. . Hogs Gross, choice heavy, $4.50; light and feeders, $34; dressed, $5 6.60 per 100 pounds. Beef Gross, top steers, $2. 75 3; cows $2.25; dressed beef, 45c per pound. Veal Largo, 45o; small, 6o per pound. Seattle Market. Butter Fancy native oreamery, brick, 22c; ranch, 1416o. Cheese Native Washington, 10 lie; California, 9jo. ' Eggs Fresh ranch, 2021o. Poultry Chickens, live, per pound, hens, 10c; spring chickens, $2.75 3; duoks, $2.503.75. Wheat Feed wheat, $30 per ton. Oats Choice, per ton, $22 23. Corn Whole, $24; oraoked, per ton, $28; feed meal, $22 per ton. Barley Rolled or ground, per ton. $22; whole, $22. Fresh Meats Choice dressed beef, steers, 6o; cows, 6)fc; mutton sheep, 88o; pork, 7c; veal, small, 6. Fresh Fish Halibut, 6c; salmon, 85o; salmon trout, 710o; flounders and sole, 84; ling cod, 45; rock cod, 6c; smelt, 2)4c. Han Francisco Market. Wool Choice foothill, 8 12c; Baa Joaquin, 6 months' 79o; do year's staple, 79o; mountain, 10llc; Ore gon, 11 14o per pound. Hops 1018o per pound. Millstuffs Middlings, $19 22; California bran. tl4.f0lR nap nn Onions New red, 7080o; do new ilverskin, 8595o per cental. Potatoes New, in boxes, 8085o. Butter Fancy creamery, 27 28c; do seconds, 25 26c; fancy dairy, 24c good to choice. 30 22o per pound.