Democratic Sentinel, Volume 11, Number 45, Rensselaer, Jasper County, 2 December 1887 — THE WORLD AT LARGE. [ARTICLE]

THE WORLD AT LARGE.

Ex-Senator Charles F. Jones, of Florida, is reported in financial distress at Detroit He has been turned out of hotels and restaurants, bnt he has been taken in charge by a friend who will give him shelter for the present It is said that he is a mental wreck. Previous to the adjournment of the North Alabama Conference of the Southern Methodist Church at Tuscaloosa, last week, a resolution was adopted requesting Dr. D. C. Kelley, of Nashville, one of the most eminent Methodist divines in America, and missionary treasurer of the general conference, to resign his official position on account of his utterances in reference to the Emma Abbott episode at Nashville. The resolution has created a great sensation throughout the entire Southern Methodist Church. Dr. Kelley defended Miss Abbott’s rising in church to defend herself against harsh terms used on theater-going. R G. Dun & Co., of New York, in their weekly review of trade, say: In all directions business prospects are improving, although the situation nowhere justifies such speculative wildness as has appeared in some branches. Money still goes to the West, and even more to the South, and bankers anticipate some pressure as the new year approaches, but the Treasury has increased its deposits with banks 31,552,182 during the past week, and so has withdrawn from the market only 3900,000 cash. Exchange is running nearly 8 per cent, above those of the corresponding week last year, and railroad earnings show n increase exceeding 10 per cent., with shipments from Chicago by rail 5,009 tons larger than for thei same week last year, a volume of traffic never equaled before at this season, though a reaction from the greater activity of September causes in some branches complaint of dullness. The most important fact is, that investment offers for foreign capital in this country sttll continue. The latest evidence, a sale of 38,000,000 Northern Pacific bonds to a foreign syndicate, came at a time when foreign gale of stocks appeared to foreshadow a Contrary movement. In seven months not less than 8115,000,000 must have thus arrived from abroad, which has gone far to support the development of railroads, mines, manufactures, and the speculation in real estate. Nevertheless, the effect of a partial loss of crops begins to be felt. From most quarters come complaints that collections are slower, only fair, and though rapid marketing of products has brought relief at some southern and southwestern pointe, at many others money is close and rates higher. The country demand still continues. The large railroad earnings are met in many cases by unwonted increase of expenses. The business failures during the last seven days number for the United States, 187; for Canada, 20; total, 207, as compared with 224 last week, and 216 for the corresponding week of 1886. For the first nine months in 1887 railroads in Michigan earned 358,693,242 —an increase of nearly 15 per cent over the same period last year. President Grew still stubbornly resists the demands for his immediate resignation, says a Paris dispatch of Saturday. The newspapers unanimously condemn the promulga-, tion of the crisis. Le Paix says thatj President Grevy will not resign before he has placed the Republic in a safe position. It declares that the Orleans Princes are very active, and warns Republicans to reflect on the course they are taking. Le Paris says Rouvier agreed to read President Grevy’s message only on condition that the latter withdrew his acceptance of the resignation of the Ministry. Rouvier reproached the President for accepting the Ministry’s resignation before the conversion operation had been concluded. Assembly No. 1307, Chicago, which formerly belonged to the Knights of Labor, and of which the anarchist Parsons was a member, has adopted resolutions condemning his execution and that of his brother anarchists, and denouncing the courts and the Governor.