One Gem»; Absolutely; Independent. SATURDAY, AUGUST 15, 1891. THE SARATOGA RACES. An Excellent Card and Large Fields at _V ’ QUEER FINANCIAL METHODq ‘ ”Be Used the Collateral Intranet! torn“ l Horse Haven. SARATOGA,Aug.15.—A great programme was presean to the racegoere at Horse Haven, the end afew of the “cracks” being among the entries. The weather was threatening b t pleasant. The track was in good oon- .. VV .— dltion. First Race—Owners’ handicap; five and a half furlongs. Princess Bowling, first; Ocypete, second; Fearless, third. Time, 1.08%. Second Race—Mile and a furlong. Ber- muda, first; Uncle Bob, second; Palestine, third. Time, 1: 55%. Third Race—Seven furlOngs. Ballyhoo; first; Lord Harry, second; Belle of Orange, third. Timel :29. Fourth Race—One mile. Redfollow, first: Castaway II, second; Burlington, third. Time 1.43. Fifth Race—Selling; six furlongs. Bus- teed, first; Josie Wells, second: Long Leaf, third. Time 1: 18. Fifteen Miners Injured. BOSTON patch we; received from Calumet, Mich; "At No. i shaft in the Tamarack mine the engineer by mistake pulled the cage, with fifteen miners, to the top of the shaft house. All were injured, but none fatal- ly. The wire hoisting cable was broken, but no damage was done to the building or machinery. The cage got jammed be- tween the guide timbers, or else would have dropped 3, 000 feet to the bottom of the shaft.” White Caps in a New Role. FREDERICK, Md. Aug. 15. ——A large two story building used as a carriage factory in the village of New Midw ay, this county, was burned, and it is belim ed that it was set on fire by White Caps. A notice was ' posted on the building a few days ago threatening the destruction of the build- ing should an attempt be made to remodel it for a public school. It was so decided yesterday. Battin’ 8 Children Sue. ELIZABETH, N. J., Aug. 15. —The six children Of Joseph Battin, the aged and wealthy philanthropist of this place, hav e begun proceedings to recover $200, 000 that Mr. Battin has given to the Christian Alli- ance since February, 1890. Fatal Powder Explosion. CATLETTSBURG, Ky., Aug. 15.—The pow- der mill at Central City, Ky., twelve miles from here, on the Newport Newa and Mississippi Valley railroad, blew up. It is reported that several persons were killed by the explosion. Killed One and Injured Three. HIAWATHA, Kan., Aug. 15.——A threshing machine engine on the farm Of M. D. Ham- mond exploded, killing the engineer, Charles McCartney, and badly injuring W. W. Loofboro and two others. ‘ Palmer Selects Phisterer. ALBANY, Aug. 15.—Captain John Palmer, commander in chief of the G. A. R., has selected as adjutant general Colonel Fred- erick Phisterer, acting assistant adjutant general of the state of New York. Swept by Forest Fires. HALIFAX, N. 8., Aug. 15.——Forest fires have caused enormous damage in Cumben land county. A number of lumber camps and barns have been swept away by the flames. FINANCIAL ANY) COMMERCIAL. New YORK, Aug. 14.—MOney loaned at 1% per cent. all morning. Exchange firm; posted rates, [email protected]; actual rates, [email protected] for sixty days and 84 863343614 for demand. Gov- ernments steady; eurrenc 6s,110 bid; 4s, coupon, 116% bid 453, (10.,1 bi id. Louis ville and Nashville, Union Pacific, Rock Island, Burlington, St Paul and Atohison were the features of the dealings on the Stock ex- change this morning and absorbed most of the trading. In the opening dealings prices de- clined létolyé per cent, the latter in Louis- ville and Nashville, which was especially pressed for sale, but after 10: 30, on a steady 3dying, prices begsntorecover. 0., C., C. and St. Louis was the strongest stock and led the upward movement. Lackawanna came next in point Of strength and activity. In no case Was- the buying on a large scale, and the ad- vance was due more to a. process of bidding up than to any other cause. At noon values Were yéto l per cent. higher than they closed last night. 1; the close the market was dull but steady. e sales amounted to 94,100 shares. Closing prices: West. Union Te. Del. .2 Hudson” .127 Adams Express. .1? Del" Lack. &W. .135” Express ..... Denver ............ 1318 C , % , C. & I ...... BIKEri ............... 1334 N. Y. Central ..... 9654 Leife Shore ....... Illinois Central. .92“ Northwest ........ 1063;: Northern Pacific“ 28 Do., pref .......... 134 Do., pref .......... 63% Pacific ....... 32% Central Pacific. — Readin ........... 8814 Union Pacific "8534 St. Pa ........... 64% Missouri Pacific Wabas ........... 1014 Texas Pacific ...... —- Bur. & Quincy .. 86% Alton &'1‘. H ..... 87 re. R‘y& Nav.. 66 Canada outhern. 48% re. & Trans ..... — Canada so fic.. ”% Rich. &'l‘erminal. 11 N. Y. & ...... Sugar Trust ...... —— *Ex. Div. General Markets. NEW YORK, A 14. u—FLOUR—Fl with ' prices slightly hi her; city mill oxmgngugg -.7 5.25 for West In ies; Mfiiesots extra, 5. 60; fine, $8@3. 75; super e, $8 GO@4. 10. WHEAT-sOpened strong and 1540. higher. and further improved %0. in the first hour. In the hour to noon there was considerable selling and a reaction to the opening figures; receipts, 186, 900bushels; shipments, 211, 819 bushels; N o 2 red winter, 81.080ash; August, $1. 0634; Sep tember, $1. 06; October, 81. 06%. CORN—Opened strong and 1c. higheI, fur ther improved 5‘0. and then reacted ”c. by noon; receipts, 1,450 bushels; shipments, 4,926 bushels, No. 2 mixed, 0c77c. cash; August, 721160. , September, 090.; ber, 66%;; OATS—.Dull but steady; receipts, 74,000 bush els; shipments, 80 bushels; No. 2 mixed, cash, 45R§4604 ,September, 33%. E—Has suddenly developed unusual so givitytand strength on the reports of damage tc e 5BARLEY—N’ominal. PORK—Dull, with the feeling weak; new mess, $11©1L50 LARD—Dull; September, $6.83: October, $6.94; November, $7.04. MOLASSES~Qu1t :goodtofanc , 25@35c. TURPENTINE— irm new y Enit’tn‘fituiii”tm’n°d ”51% 1111932.”... cab need adFREIGHTS—Dull; grain to London, steam, BUTTER—In fair demand and firm; western extras, 1W CHEESE—Steady; Ohio fiat, common to fine, stem EGGS—Easier; state, fresh, 17@17y'c. , west- ern, do., ldwmc. RICE—Nominal. SUGAR — Refined steady; crushed, 5%0. , granulated, 434@ Main-sane loaf and 0.; mold A. y; prime city,5c i0 cargoes, 100. flve events all being well filled; Aug. 15. —-The following (1115- . .. had been discounted by Backer, the pro ' leave the same securities as collateral, the , Backer had deposited his railroad and gas ussmn crop. Rye flour is quoted $4. 76@ - . depot suffered great damage. Several be) Were lost. . . " case 0: *(ERS 8188 .AILIRE‘ His Grediiors Wonder What Became .of Their Four Million Dollars. Care by Customers for His Own Ilene- VVflt—His Arrest May Bring About f Some Startling DlsclOIu‘r res. ._ NEW YORK, A113. 15. —Another piece 01 sensational financiering has start-led this city, and interested parties are askingI what has become of the $4, 000, 000 which. Abraham Backer, the Broadway , note broker whofailed two Weeksago,'claims to have lost in his business. This is the ' question that is also agitating the business community just at present, and no expla nation has yet been forthcoming, either from Mr. Backer or his representatiwves | Except among a certain class Of business men with whom he had dealings, Mr V ~Backer was almost entirely unknown, and when the announcement that he had’ failed for $4, 000, 000 was made people began i . to ask, Who Is Backer? It was said in re, ply by his representatives that he was one, of the largest dealers in commercial paper in town, and that he handled every year i an average Of $15, 000, 000 of the best papal in the trade. - As it has not appeared that Mr. Backel I suffered any losses from the failure 01' business men for whom he negotiated and , sold notes, which might have forced him.- to make an assignment, the fact of his tail V’ CHARLES .11. HEINS, _ ' ure under the circumstances is one of the most remarkable features of the case. Acv cording to the statements made at the ! time of his failure, Backer was crippled by the condition of the money market, which, it was said, made it very difficult to float l the quantity of commelcial paper which he generally handled, and also to the de- cline' 1n value of certain southern railroad bonds, of which he was a. large holder. The Collateral Has Disappeared. With regard to the money market, it may be said that rates have been easy for a long time, and so far as the details of the failure have come to lightit does not appear that Mr. Backer had any difficulty in discounting the paper of his clients at many of the city banks, even without the deposit of collateral security. At the same time Mr. Backer compelled his cus- tomers to furnish collateral with their notes, which he handled. The facts which have developed in con- nection with the arrest of Mr. Backer, on [HENRY CAREY. . - . .: eIs' Feed 00.. New York City. nanccfiComitte land. Ivins, Boardman 1b Platt. President Excelsior Steam Power Co. JAMES S. CLA AY b . OacANIznn nnnnfi THE Luvs! Or TH]: STAT: v::m‘:N.Ew YORK. w M- ,. :1_ AllMll‘lZBll Capltal $198 000 000 The M831 Su888s§lul National Building and Luau Assoclallon. l ’ The one that has the Wenltlliest and Most Influential Board Of Directors. D8818: 18 111111188 11 1‘88 G888 Man To ASSIST IN Establishing Branches in the Eastern States. For particulnl s addl ess. stating exuerionce. lhe Ila-operative- Building Bank, World. Building, New York. HON. JAMES W. HYATT, - Presiden. . Late Treasurer of the United States. TIMOTHY L. WOODRUFVF, Vice-President. .MINOT Q, KELLOGG, 2d Vice- President. HON. JOHN 11.11323, 3dVVice-President. Treasurer. Secretary. Asst, Secretary; FRANK W. FABNHAM. Tenor. MCFARLAND. Inns. 13011111111111 It PLATT, Attorneys and Counsellors. nnrosrronr MERCHANTS’ EXCHANGE NATIONAL BANK, NEW YORK. BOARD OF DIRECTORS. HON JAMES W. HYATT. Norwalk Conn... President Fairfield County Nations ‘Bli'nk. late Treas. Of the United States. HNO N.JOHN H. LEE, ex-Ma-yor of Norw alk, REY, Civil Engineer. N. Y. Director %hThe Farm- Iurmun Fi- McFar. ttorneys. CG’O’L. HEukRMO JOHN D TB eBOARDMAN, of True. HON. E. P. DOYLE, Secretary of the Fish Commission, N. WM.T DENYSE. of Wm. DeNyseJu Sons, N.Y TON, of Thurber. 'Wh'yla'nd the complaint of Judge William D. Har- CreditDe “71101 681110 Grocers N Y- den, of Savannah, throw new light on the 3:53.213 02'? ErEfiLOGGVfi onI’atterson Bros. " case and bring out some startling features. CAH RLES 8.1. $131in SecretlgyV 319d, Treas- Among the queries called out by the fail- ure was one as to whether Mr. Backer had not been practicing some irregularities in his dealings with his customers, and why a large quantity of collateral securities pledged to him with the notes which he sold for his clients had mysteriously dis- appeared. ' It was also said that although the paper ceeds had never found their way to the makers of the notes. His sudden failure had thrown everything into confusion,_ and anxious creditors were unable to dis- cover what had become of their money or their securities, The suit brought by Judge Holden, however, give; some in- sight into Backer’ 3 methods of doing busi. ness, and from the statement made in court yesterday by Mr, Untermeyer, the judge’s lawyer, it would appear that the“ are numerous other creditors of the bank. rupt note broker in the same boat with Judge Harden. A Startling Discovery. Judge Harden alleges in his aflidavil that on March 14,1890, he delivered tc Backer at his office, 285 Broadway, 11 not: for $10,000. At the same time he delivered to Backer securities to the value of more than $10,000, consisting of debenture bonds of the Central Railroad and Banking com pany, of Georgia, valued at -,$9 700, and cer- tificates of the Savannah Gaslight com pany, valued at $2, 250. The note was payable on Oct. 1, 1890, but was renewed from time to time, the last renewal coming due on Aug. 12, twc days ago. On July 8 Judge Harden wrote to Backer about the further renewal ol the note, and was informed in reply that if he would pay $2,000 on account and note could be Renewed for ninety days. Mr. Becker’s failure occurred before this arrangement was carried out, and J udge Harden came to town at once to look after ' his note and securities. He found his note at the National Park bank and paid it, but none Of the securities which he had de- livered to Backer were there as collateral nor had any collateral been deposited there by Backer when he got the note discounted. The judge made the startling discovery, however, as he says in his affidavit, thai stock in the Merchants’ National bank tc secure a loan procured by himself for his own use, and he charges that Backer did this fraudulently and feloniously and with the intent to deprive him (Judge Harden) of the right to the ownership in these securities. Sensational developments which may involve some prominent financial people are expected when the suit comes up. “Says He Was Beaten and Branded. LITTLE ROCK, Aug. 15.——Abraham Davis, a federal negro convict, confined in th! state penitentiary complained ‘to the fed. eral authorities that Warden Dunlap had ill treated him. Attorney General Millel has ordered an investigation of the charges Davis claims that he was beaten with I leather strap, and was branded in three different places on the body with a red hot iron. State Convict Inspector Carrol. states that the whipping was prescribed kw thazv, but denies the charge of branding n o o . ' It Wrecked the Town. . ELLSWORTH, Minn, Aug. 15.—The’ mosl - terrific storm that ever passed over tlil! section of Minnesota struck Ellsworti and left the town a complete wreck. T111 Iowa, Minnesota and Dakota elevator was completely blown to pieces. The Congrc gational church was partially blown down The dwelling of D. F. Cramer was thrown from its foundation, and the Burlington cars were hurled from the track. N 0 live: " Guilty of Wife Poisoning. _ RICHMOND Aug. 15. ——The jury in tlli DVIV. .chargu’. :1 the murder of his wife by: . ' poison, ht in a verdict of guilty. The . convjc: 1 - :ls largely upon the testimony ' _ of Mrs. .15-1, a woman of social prom inence, nu declared he had Mlmittet killing ‘~ \‘1 lie. N. Y. DirectOr Kings YCountly tor Brooklyn Real 4 state Exchange. Baker, of Abingdon,‘ Va. urer of Excelsior Steam Power .GB GL W. of Biglow A? Main, MggrsficG Publishers iMOTHY’fifi’Woonnpgr, gresideni: .oi the Maltine CManufacsturUing’o HON P.C LSBOUN Ex—Gov. O can. Exchange National 3‘3 .‘31. 33°13; ‘1 reside t Merchants’ &WILLI§' M‘tli‘ONALD. A800,. Pri ters 39-43 Gol LEONA D MOODY Trust Co. ,Direc. R.USH Brooklyn Contractor. H . BPY , Bridgeport, Wholeslale Grocer ’.RUDDr Albany N. Y.. of Harris & Rudd. Attorneys at Law, and Director Albany County Savings Bank y9 i - - The New Dry. Goods: Store. TR MM 11 Mill 2 ‘G-AZETTE BUILDING. PAINTING, Y. BUXTON,Of Buxton. Heins .0 ' Estate, Brooklyn. ‘ Conn... ' .. {1188818118 Healing Gallatlllos. ‘ -" S‘implluily of- conslluuhonicomhifiud- wilh‘v triallilluralll‘lily. ex Purltan Century and 011181 Ranges PERFECT IN OPERATION "HP ELEGANT DESIGNS. . . Z the world. vie-s;ierundedular-Euonumréin- Fuel. 318811 8111 Hot W888 B81818 Air Warming Grates, Fire-Place Heaters. 88c. WThousnnds in use in all parts of SUCCESSFUL EVERYWHERE, I film ' I . MANUFACTURED Hr RiClldl'dSOll 88‘ Morgan 00., ' fus’liookuian Street,'Now York. Foundry—106 to 110 Water St., VSO. Nor-walk. Send for Descriptive Circulars. Lewis New PhOtOgraphic Parlor, 11 Main Street, Norwslk, Conn. ' WALL WORK STRICTLY FIRST-CLASS AND SATISFACTION GUARANTEED. PananT PRICES: —- Boudoir ............................ $5 per dozen‘ 091311469532:'r:::r::‘:t"::::?:'j::'§ WSpecial attention given, to Children. P A S T E L TINTYI’ES made for p. limited time, The public are cordially invited to call and exam51ne CRAYON -;- AND our work. pAPER HANGING GLAZINE- Allll- KALSOMININB. ~———--—-.—.—-_--_ The subscribers are ready to fill all orde in the above line in the best manner and at the LOWEST PRICES. Special attention paid to the painting of tin gutters and cementing metal roofs. All orders left at Sloan's on Wall street. will . WILL‘ SELL AT COST! . Lot of Parlor Suits, . Lounges, receive prompt attention. tf79 Marray & Merritt Wm. She’on. 318118,B11811111 88181 Cllllllacllll Curbing, Flagging and House Connections- tf25 Lock Box 36, Norwalk. I l l l ' aways, Phaetons an Light Road Cai.rriagV<Vaf1;l.20 Cards .......... . ..................... $2 per dozen Petite Panels....,,,,,.,,,,,, --.:--.-.l' PORTBAITS -Z? FOR TWO WEEKS TO MAKE ROOM FOR NEW GOODS. 88818888 Suits, P18111188, 88: Also Handsome Lot 0 Larry carriages AT FURNITURE STORE or Theodore Coleman, 2112 AND 204 WASHINGTON sun, ———-EAST END OF Bnmon, ‘ SOUTH‘ NORWALK. S. JW. Gregory, LIVERY, BOARD, FEED, SALE AND EXCHANGE STABLES, 14 Knight Street, Norwalk. A large stock of newlv purchased and care- ully selected Teams. ‘arrsiages, 61.0 0. 118.6 Carriages and Saddle Horses fur- Careful drivers when 3m40 nished at all hours. desired. Omnibusses. Wa onettes, Coaches. Bo Telephone Call. In order to make room for our new Fall Stock we will commence on Saturday, August let, a. ecial Sale 8f all Summel [100 Every department will be represented, and goods will be ~MARKED AT PRICES THAT WILL PDREE, BLACK SILK GRENADINES, COLORED DRESS GOODS, WOOL CHALLIE INSURE THEIR SALE. SS BLAZERS AND SHIRT WAISTS, LADIES’ LISLE THREAD HOSE, FANCY STRIPE COTTON HOSE, " GAUZE VESTS, ' “ JERSEY VESTS, BOYS’ SHIRT WAISTS, SCOTCH GINGHAMS, PERSIAN CREPE CLOTH, WThese goods are all fresh and new and we propose to sell them WithOUt regard to their cost . . or former selling price. , . Hosiery- and- Underwear . MEN’S FANCY FLANNEL SHIRTS, H (I FANCY ~ H DOMESTIC GINGHAMS. ,No’ 2 ’ GaZette Building Norwalk. G ©©D s .——-—== BLACK SILK LACE NETS, . {$1311.33GADGBLGNWMSERB? LADIES’ OUTING SUITS IN FLANNEL, SATEEN, GINGHAM AND CREPE CLOTH, BALBRIGGAN UNDERWEAR, GAUZE UNDERWEAR, BOYS.’ FANCY FLANNEL SHIRTS, LADIES' SILK AND FABRIC GLOVES AND MITTS. WASH @QQDD. OUTING FLANNEL ’-"‘ «I. ,- -. COTTON HALF HOSE, PINE APPLE TISSUE ; {n3 om, .‘w. ,fi. 1“, "L's—r . Y. . .,. ‘, r, l 1:. ;. ._.».,. . AT SOME TIME EACH SUMMER AlmOst every town dweller is translated into aV summer tourlst The translatmn—materlal not spiritual—abrings wants of many sorts. The VdVlVeamVy haze of seashore or the inspiration of mounth climbing in August, may not be enjoyed without preparation. - A little forethought now will save discomfort then. Discomfort - ‘ discounts a vacation. You do the thinking, drop ' your want thoughts is our ears, “we do the rest ” LEATHER BAGS. Your life Is scant unless you have the needed Grip to serve for a night. Ont of town or to carry the incidentals needed by yum side on train or boat. Peihaps you are unconscious of the need until the means to supply it appear. When slipplied you wonder how you managed to exist before. It may be that this list will open your eyes: Alligator Gripsacks, fine nickel trimmings, from 89 cents up. Glad— stone Bags, 16 to 24 inches, from $1 98 to $2. 98-aabout half the usua value. No Seconds—.110 holes to mark how the first owner' of the skin was compelled to surrender it. You can add to the ensemble Of your traveling rig for a moiety of recent cost. ' SHIRT WAISTS. The woman who has once known the comfort of a Shirt or Blousv Waist won’t care to count them out of her vacation outfit. Neat, .cool and next to nothing cost. At the old prices they were the best value we knew of, but there remain dozens of them for all new comers to- day, and, the prices are fit to take your breath away. HANDKERCHIEFS. a Handkerchief is ever handiest it’s in such a brow-mopping time as this. Who wants a cotton handkerchief on a hot day, or any'oiher day, for that matter. All our Linen Handkerchiefs are PURE LINEN. FOR WOMEN—Unlaundried, white, made of good cloth, hematitched borders, with pretty open-work corners, at 121} cents , would be cheap at '25 cents. A good, every-day printed border Handkerchief, warranted fast colors, at 8 cents, worth 15 cents. Handsome styles In fine embroidered Handkerchiefs at 69 cents; Worth 89 cents. FOR MEN—Hemetitcbed with printed borders, pure linen, only 121} cents. The quality cannot be matched anywhere at the price. Plain white hemstitched Handkerchiefs at 15 cents each, worth 25c. Gentlemen’ 3 White Silk Hankerchiefs at 75 cents, 98 cents and $1. 25 worth 20 per cent. more LADIES’ OUTING SHIRTS- You’d think the special sale of Ladies’. Outing Shirts just started, judging by the stock and the crowds. During the past week we purchased another case of these suits, closing out the balance of the stock, save only soiled samples, of the largest and best makers of'women’s clothing in the country. The prices at which these goods were bought make a big loss t the makels Don’t worry about that. it. The season as a whole has been good, they’ve made money And so you will find profits from others’ loSses, but nobody will be hurt. These suits are of many sorts, including Outing Flannel, Sateen, Cheviot, White Lawn, etc. The prices would be from $3 to $5; they are divided into tWO lots: Lot 1, 98 cents. Lot 2, $1.49. There never could be a more perfect coincidence between time and a bargain. The hot weather suggests comfort and recreation. These Outing Suits meet the case in one important element of dress. BOOKS. The age of good literature at people’s prices has not passed. Witness the cloth bound books, Gladstone series, at 19 cents each, have been pro— nounced cheap at 25 cents. Paper bound books, selected subjects by popular authors, at 5 and 10 cents per volume. DO not neglect putting one or more of these volumes in your grip when you start on your vacation. TOILET ARTICLES. You will find us headquarters for all articles needed for the TOilet The half dozen or so we tell of stand for half a hundI ed that get not a word; Bay Rum, laIge bottle, worth 25 cents, at 121} cents Pure Vaseline, large bottle, 5 cents, worth 10 cents. Calder’ s Dentine. only 19 cents, worth 25 cents Violet Powder, onty 15 cents, worth 25 cents. Lubin 3 Triple Extract. only 39 cents per ounce. Cuticura Soap, 13 cents. Pears’ Unscented Soap, 121}L cents. Cashmere Bouquet Soap, 19 cents Also a complete line of Oakley s and Colgate’ s Toilet Soaps Vat Vmuch belOw the regular prices. Tooth, Nail and Hair Brushes, Coarse and Fine Combs, Culling Irons, etc., at the lowest prices. CHIFFON RUFFLING. Bits of fiufiiness, airy nothings, cloudwreaths touched with sunset light. A mere pinch of substance but open to the air. A floating shadow as it were. We carry a complete ass01 tment of these delightful and stylish Rufiiings in Pale Blue, Pink, Red, Cream, Black, White, Yellow and COmbinations, at 59 cents per yard, worth 75 cents. ._ lsILK GLOVES. Our Silk Glove stock is freshened by new comers almost every ' day f. Besides the elegant lines of Blacks, Slates and Ecrus, which we carry _ throughout the season, we have added a line of the Popular Silk Mosque- . taire Gloves, eight button length, in pure white and cream color. at 69 ‘ cents per pair, wOrth $1 00. These are the latest fad in Gloves, and are ’ surprlsmgly effective. 88...», \' The firm is rich. and can stand 7
Norwalk Chronicler