Crawfordsville Weekly Journal, Crawfordsville, Montgomery County, 3 December 1892 — Page 7

BIG FIRM ASSIGNS.

Bills & Koch, Lumber Dealers Toledo, O., Fail.

& MICHIGAN BANK IS ALSO CLOSED.

Creditors Press Too lii- ivlly and tlio Crash Conn s—l.iuliilit iis Mueli I.arjfer Tiutn ASSI'IK—l.usiiij Speculations the (,'ause.

COM.Al'.SK

A TO I.K PO

KITIM.

DETKOIT. Mich., Nov. ~0.—A Toledo (O.) dispatch says that the lumber linn of Bills & Koch has assigned its business to Ii. W. Loud, of Detroit, on a ulaitn of §5-1,000 for cash procured on accommodation paper. Other creditors have since. filed claims swelling the total liabilities to 5150,000. Assets thus far are estimated at SS8.000.

The Keteham national bank has a slaitn of Sli.000. Mr. Kills, senior member of the iiriu, is also interested in a bank and lumber business with his brother-in-law, L. 15. Church, at Alma and Ithaca, Mich., which is transacted under the name of Church, Bills & Co. It is said that Mr. Bills has been unfortunate in wheat speculation, lie has ilrawn from the business of Bills & Koch within the last few vs over £•.!",000 in cash.

TECTMSKII. Mich., Nov. -_!0. The bank, cf O. 1*. Bills Co. at this place closed its doors Monday morning. Mr. Bills, the senior partner, is also interested in a Toledo house and has lar^e investments in shipping. Mr. Bills refuses to make any statement other than that the bank is all rifrlit.'

THEY ARE TO BE PITIED.

Coal iKHaro Thut Thrir Profits Arc

'tmulI :m«t Tlu-y i!av«* to Hustlr to J\S iUc Vnythin* XI- \v YOHK, Nov. •J'.).- President II. M. 01i])hant. of the Delaware & Hudson Canal Company, wai called before the congressional sub-committee Monday :md questioned coneernmjj the coal combine. Mr. Ohphunt said his company had nothing whatever to rlo with the coal combine. If anything. they were opposed to the coal combine: but he admitted that the prices of the Delaware it Hudson Canal Company conformed pretty nearly to those of other companies. Mr. Oliphant refused to state what advances in prices have been made by his company, month by month, this year. lie did not think the resolution under which the Tomm:ttre was ncliiiir called for such information Irom i:s co-.npanv, the- latter nut bemu tee combine. I lie retail coal business. ir •l.nhant- said, is at present iioout as poor a business as vunv man could bee injured in.

Witness admitted that the producers of anthracite coal sold their products at a uniform price lor the satin- quality of coal. It was also true, he said, that w.-/• prices were fixed by the executive oflicers of the various companies upon the reports ol their respective representatives it the tidewater and western meetings. It was true that at these meetings it was generally agreed upon iis to what the outputand prices should lie for given months. There was neither formal action nor contract. Similar prices were lixed. but not alwavs adhered to. 10. 11. Klv, agent fur ox Pros. o.. r:, testilied that the linn last vear mined about -.000,000 tons of ant hraeite coal.

Practically the circular prices were the result of the consensus of opinion aris rived at at tIn- tidewaicr conferences.

The ooal-tuinliig business, witness said, was MI had at present that they ,vere not. i/et! iitg interest on their investments

PROPOSED BY ROTHSCHILD.

I st* itl M!

child, niii

cr to 15c l.\'ended Hut Not. epled aii (.old's l.ijual. Nov. "Jil. A 11 red de Kothsol the representatives ol

Itni SSK:

Ureal- britain. submitted proposals to the international monetary conference Monday afternoon. 1'hov cover eleven printed octavo pages. Mr. de Kothscluld argues at great length that, bimetallism in Oroat llritiiin is ausolutelv impossible and suggests that the question arises whether it is not possible to extend the use of silver generally and bv this means assist in checking a further fall in values. Mr. de llothschild said that he did not claim that his proposals would prove a iinal solution of the question, but he did claim that tlicy would prove a palliative. Summed up his proposals are that America, should continue her present purchases of silver, and the European powers should continue to buy an amount equal to £5,000,000 a vear for five years at forty-three pence. If silver should rise above that price the purchases are to be immediately suspended. It is expected that the proposals will be referred to a committee.

The Portuguese delegates have been instructed by their government to act in harmony with the Hritii-li 'representatives.

It is stated that Mr. l)e Rothschild proposes to raise the legal tender of silver in England from £-J to .£5, Great importance attaches to this proposal, as it means that English £5 notes will be payable in silver.

Mrs. Joseph Filey, of Virginia, 111., poured coal oil in the stove Monday. Tlie can exploded and she will die.

TO BOOM THE CANAL

Convent Ion at Now Orleans in the Interest of tlie NicJirugua Waterway. NEW OHI.KAXS. NOV. 'J'J. The Nicaragua canal convention, reconvened in accordance with a resolution adopted at the national convention held at St. Louis June last, will assemble in New Orleans to-day.

The call for the convention was issued November 1 by (.icor^e I,. Converse, chairman of the executive committee. It requests the governors of states, municipal i.uthorities, chambers of commerce and boards of trade to personally notify their respective delegates and appoint others in the place of such as are unable to attend. Commercial bodies are requested to appoint not exceeding one delegate for each 100 members. The New Orleans convention can do nothing more than discuss the subject, make recommendations and pass resolutions. Its purpose is to further create public sentiment in favor of the canal in order that help from that most potent of all forces may be secured in influencing congressional legislation.

In an address which has been issued to the people of the United States the beneficial effects of the canal are pointed out. at great length. The water transit line between the. Atlantic and Pacific coasts, it points out, will lie saved 10,000 miles by the canal There are, the address sMitcs, ."lOO.OiMJ.iWO feet of merchantable timber standing in the states of Washington and Oregon, to the value of which SI'if). 00(1.0011 will be added. Of the wheat crop of the Pacific coast so per cent., it is stated, was exported in I lsui in sailing "vessels. At the rate of S'J per ton this freightage would have paid the canal :i,000.000 in tolls. The development which the canal would hasten in other resources of the Pacific coast, as well as the stimulus which it would give to the trade of this country with other parts of the world, is described in detail. It cites the tonnage statements and the table of receipts for ten years in the. Sue/ canal, and closes with a quotation of (Ion. Grants

words on the canal in lssj.

•rotary

of the •stified ineetetlllgs. formal

William K. -tri'i Peniisv l' aIIui o:il that he a', tended 11 -nigs and abo ilie if -lii' dell led that tlx Kiairrci'iiii'iil entered into at the tidewater meetings. It was the natural outcome of circumstances that hi- •iiitDUt dit.'ing the winter months was h..,s tlian during the summer months. 'J Ins was due to the weather and otuer causes. On some s'/t's uf anthracite coal there lias neon

ompanv.

,e tidewater western mi •re was anv into It wa •am

advance ot from fift to sixty cents this year over the nrtces nl last vear -'Sl iS'.ui bv the Pennsylvania oal 0111panv. This advance was occasioned by the near approach ot the demand to the outmit ul the mines.

subject of the Nicaragua

CANNON AND DYNAMITE.

How the Standard Oil Company Is Preparing to llesiwt a Kival. HANCOCK, N. V., NOV. --ILL.—The struggle between the Standard Oil Company, whose oil pipe line from Bradford. Pa., to Bergen. N. J., passes through Hancock, and the I niteii States Pipe Line Company, which is building a competing line from Brad-

ford to tidewater, developed a ing and sensational incident

FRENCH CABINET RESIGNS,

Folluwinj tlie Defeat ot the (ioverniiient on a Proposition liy M. IJrlsson.

PAHIS. Nov. 29. In the chamber of deputies M. Hrisson. chairman of the committee on the Panama investigation. demanded of the government that an autopsy be held on the body of the iate Haroti Heinaeh. !. llieard, minister of justice, replied that the law did not permit it. A division was taken as to sustaining .M. llieard and the government was defeated. The resignation of the ministry was at once announced.

LONDON. Nov. -J .— Dispatches received from Paris indicate that the municipal crisis is not serious. It is thought President Carnot will insist on Premier Loubet's holding otii.-o. The government, neverthele-s. stands discredited: and it will perhaps go out of existence very soon if. indeed, this setback does not end its existence. Hut if it stand for the present it will at best be merely a stop-gap.

Louisiana's Supu' Crop ill He Short. Nr.w Oin.r.ANs, Nov. -j'.i. Internal Revenue Inspector Ham. in charge of the government sugar weighers under I the bounty law. gives a most unsatis-

factory report of bis observations in the parishes of St. Charles, St. John. St. .lames. Ascension, East and West Baton Rouge and Lhingston. He estimates there will be a falling otf of -Jo per cent, in the yield of sugar as coinpared with the crop of last year. Mr. Harn thinks the yield of the state will fall from ".70.000,000 pounds to 300,000,000. ien. Custer's Father Dead.

MONROE, Mich., Nov. 29.—Emanuel Custer, father of the late Gen. George Custer, the famous cavalry leader, died Sunday at the residence of his son, Nevin .1. Custer, in Parsonville, about 8 miles west of this place. The deceased was about S5 years of age at the time of his death. He had been sick about two weeks. at

Fire in ii Kentucky Village. LirciiKiKi.n, Ky., Nov. 20 —A fire at Carneyville, 12 miles west of here, Sunday night destroyed nearly 830,000 worth of property before it was got under control. Harned Hros., general merchants, lost S18.000.

Vote or Pennsylvania.

H*KiiisisiTKG. IJa., Nov. 29.—According to the official vote of the state, just completed, Harrison's plurality over Cleveland is 03,747. In lbbb Harrison had a plurality of 79,45k. ft™ (6 I F-

FOR MORE SILVER.

Uncle Sum's Propositions Presented to the Conference.

THEY 1-AVOR "MORE SILVER COINAGE

(Senator Allison Kxptnins tin- Position ol the A nirriran lrlej :iles Actitei Postponed to a

Date Later On.

!fr!U*ssK.i.s, Nov. »(1.—The proposals made by the American delegates to the monetary conference were printed in parallel columns, one in Knglish. the other in French, and were on Friday distributed among the delegates, each receiving a copy as he entered the conference room. The proposals substantially say: nHe satn's Proposal. "It is generally admitted that a very large depreciation of silver as compared ftitli gold and the frequent violent fluctuations of gold and tlie price of silver incident thereto have been injurious to the commercial and other economic interests of all civilized countries, and have caused and are causing serious evils and inconveniences to trade, the full extent of which can not yet lie measured. "It is the unanimous opinion of the people of the

I'nited

surprisat this

place. More than 100 men were run in here by a special train over the Krie railway and poste.l -along the bank of the Delaware river, near the Eric's iron bridge, under which it was thought the pipe lino company would lay force consisted of

new its pipes. T1 section foremen the Delaware du'isiot- A cannon was unloaded from a train and hoisted in position to command the lieid. A regular patrol has been established on the river bank and a large shanty erected for the accommodation of about twenty men. who are kept upon the I ground night and day. The garrison I is furnished with grappling irons. I skill's and dynamite.

States that the establishment of

Slates for these reasons proposed by a convention of the powers for the purpose of conferring and determining what ineaMs, if any. should be taken to incre-ise the use of silver as money. The United States delegates, in conformity with the gene.-al purpose of the conference, submit the following resolution: 'That, in the opinion of this conference, it is desirable that means be found for increasing ihe use of silver in the currency systems of the nations of the world.' "The government of the United States believes that the reestablisliment and mainte-

An otiiciai of the I'nited States Pipe Line Company said that his company has no intention of committing any overt act in laying pipe through this town. He ridicules the Krie and the Standard for their exhibition of hostility.

nance of a lixed parity between gold and silver 1 largely contingent, upon the movement

and the continued use of both as coined money o-oid, and hence the statement of of a run debt-paying power would be productive \Y "J

I of important benetits to the world. i. i_. "These ends will be accomplished by the re nloval of the legal restrictions now existing and Ihe coinage of silver into full legal tender money, restoring by international agreement a parity of value between the metals at such a ratio as the conference may decide uiion international

In regard to the assumption that America was a silver-producing country, he said that the silver products amounted to only SMI.001.000, while other products represented tin annual value of Si::,ooo.ooo,ooo.

Views ol Oilier Delegated.

Sir Charles Rivers Wilson, speaking for Great Rritain, said that the l.ritish delegates adhered to the American resolution, which was really the basis on which the conference met. The principle therein was set forth in the invitation issued by the government of the I'nited States, and the presence of delegates from the countries invited implied the acceptance tries of that principle.

The Austrian and German delegates I intimated that they had been instrueted to say that, they could not assent to anv modification of their existing ninnetarv laws.

The Dutch, Spanish and Mexican delegatos stated that they wore ready to vote favorably on the American rosolulion, whiio the Russian. Italian. Roumanian. Swiss and Greek delegates 1 declared that under 1 heir instructions thev were not permitted to vote on the resolution.

Action

I'ostpoiH'd.

J™

The conference unlimately resolved, in acco.-dance with the request of Sona tor Allison, to postpone action on the I American proposals until a later stage of the proceedings, and to meet on

Monday to consider the proposals submitted by Rothschild, of the British delegation, of which a copy will be circulated to-day.

Lorisvif.i.K, Ky., Nov. a8.—The official vote of Kentucky is: Cleveland, 175,424: Harrison. i:!.'i.42(): Weaver, 28,503 Bidwell, 0."85: total, !40,~:i2. Cleveland's plurality. 10,004. In 1888 Cleveland received is:!, tOO: Harrison, 155,1S4. The total vote in 1888 was a* 1.800. i? i"V$

Farewell Meeting.

IMIIANAI'OI-S, lnd., Nov. 26. The democratic state committee held its farewell meeting Friday. In the evening the committee gave a dinner to Senator Turpie and Isaac P. Gray. While the meeting was in session the state officers arrived and presented I chairman Tom Taggart with a solid silver punch bowl, giving Secretary

Joseph Riley a gold watch.

ireat Skeletons Found.

ANDKKSOX, lnd., Nov. 2(5.—John Heal, a farmer living in the north part of this county, found some giant human skeletons while digging a hole in his field Friday. There were a half dozen skulls of gigantic size. The skeletons were those of men who in their lifetime must have been at least 9 feet in height.

X"3

1 5

fixity ot value of gold ami silver and the full use of silver as a coin metal upon a ratio lixed by agreement between the great commercial nations of the world will, greatly promote the prosperity or all classes or till' people. The.v, hov.over, are not unaware ot the fact that public opinion in some other countries whose cooperation in successful movement- is most desirable i.s not I fully in accord with the views of the practicability of such an agreement. They believe that 1 a sentiment in favor of a large use of silver is steadily crowing throughout the world, and I that the time is propitious for holding an interI national conference to consider the subject. "The government ot tier United States, while frankly disclosing its own views of the proper remedy to be applied, does not wish to impose any conditions that will embarrass any govcrninent willing to confer on the question of the most advantageous relation of silver to the ooiiiage of the world. The government of the United

nes( av is

Hie

igreement

essentials'f.r such should be: "1. The unrestricted coinage of both gold and silver into money or full debt paying power.

Fixing a ratio in the coinage between the metals. •••!. The establishment of a uniform charge, if any. to the public for miming gold and silver coins."

Senator Allison Kxplains.

In explaining the position of himself and his colleagues Senator Allison said

ud .ngs from along I that, while they came representing the

government of the I'nited States and favoring the bimetallic plan, they were willing to discuss any plans calculated to promote Uii inoroaso in the value of silver bullion. With singular unanimity, he said, the people of the I'nited States wen in favor of the free mintage of silver. It was to their advantage, as well as to the interest of the other nations of the world, to secure under ati international agreement a stable standard ol value.

SHIPPING GOLD TO EUROPE,

Considerable Coiinnent Orrasioncd by Ite- I rent Orders. NKW YORK, NOV. --VI. -While the exports of products of the I'nited States to other countries are at present satisfactory as to bulk, the pi ices realized, it is claimed, are so far below normal that gold coming this way is not so great in amount as has been in some years past the rule at this season of the year. Meanwhile Americans have indulged in luxuries from -abroad to au extent that has made and is making necessary heavy shipments of the yellow metal. The opponents of the silver agitation hold, moreover, that foreign interests, rendered uneasy by the silver agitation here, have been and tire lessening" the bulk of their values in the United States, and that, too, upon a gold basis. Naturally, the public with speculative interests are closely watching the present Hurried transactions in gold. Their action is

Could Not Cure Ihe Snake l!it e. LMIIANAT'oi.is, lnd., Nov. 20.—George Southard, a farmer of Jasper county, met death under peculiar circumstances Thursday. A religious sect which believes that the exercise of suflicioiil faitli will enable, the believer to perform miracles flourishes in certain parts of that county. Southard became a fanatic of the new belief and recently picked np a rattlesnake under the superstition that his -abiding ami persistent faith would protect him from any possible injury. The venomous reptile bit him in the arm, and after suffering the most frightful agonies he died, raying I I like a nia.iiac.

Indiana I'nlvei-sily Keunion.

lii.oo.MiNu'roN, lnd., Nov. 20.—The idea of having a reunion of Indiana university people, both students and I graduates, at the world's fair is being I discussed. It has boon suggested by a graduate that arrangements be made to have a meeting of two or three days, when all who are interested in Indiana university might be present. It is also suggested that there be established an Indiana university headquarters, to be kept open during the fair. The Alumni association will probably arrange to carry out one of these ideas, if not both.

One Ohio Democrat ir KIiM'tor boxen.

CLKVKI.A MI. ).. Nov. \r.—State sta-

bv those conn- tistieians finished their work Friday night. Lorenzo 1). Viohers, republican elector, is defeated by .lames I'. Seward. Idem.). The abstract* of five counties have been seint back for correction, and it is possible they may imperil two other republican electors. I,.

M. Stark, of the Twentieth district, and l.utiier Allen, of the Twenly-lirst, whose margin is slight.

Celeln-al -il CviK-ual ion Day. NKW YOI:I». NOV. -y. The Now York Sons if the devolution celebrated Kvacuation day. as has lieen their custom since 1 SS"i, by a dinner at nionieo's. At least 250 of the 1.005 members of the society wore present, and there were, in addition, representatives of the sister societies in Massachusetts. Pennsylvania and Marylaud and the District of Columb.a.

WIN.WIAI'. lnd.. Nov. 20.—.lames !I. Higgins, residing at Franeesville, a village in the southwest part (if the county, was boring for wa,ter when his drill, at the depth of 54 feet, penetrated a vein of water. 'A quantity of the water was boiled down in a tin kettle when nearly a pound of salt was found. It is remarkably pure, fine grained and white, and experts say it needs no alum to bleach the salt.

Peop are wishing each other the com of the season and exchanging gifts. Did iL ever occur to you to send an ailing friend a package of Aver's Sarsapurilla' If not., do so now and try this medicine yourself, if you need a firsi-class blood-puritier.

WANTED

A REPRESENTATIVE

FAMILY TREASURY,

took ever off rrel to the puiil|e A CHRISTMAS 1

THNNENBHUM

.•,%•"

that ?("i00,000 in gold

had been withdrawn by a banking firm here for shipment has aroused comment and wonder as to what it means. It now appears thi^t La/.ard-l'rores are the. customers for whom the Fourth national bank withdrew the $000,000 in gold Wednesday.

RESENT for hot Ii

old ami yonnif. Our coupon system, which we use in sollinK this great work, enables each purchaser to go tlie book FREE, so everyone purchases.

For his tlrsl wtnk one iigent/s profit, was *l no. Another oo ALAST has just cleared ll'JO 00 for liertlrstweeek's work.

Write l'or particular", and if you cau bejrlu at once send 11.00 tor outfit. We give exclu] five territory, and pay lame commissions oi. the sab ot' sub-ngonts. Write at, once lor the agency for your comity. Address all communications to

KAN1), MeNALM'vro.. CHICAGO.

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