Indianapolis Journal, Indianapolis, Marion County, 7 January 1895 — Page 6

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THE INDIANAPOLIS JOURNAMONDAY, JANUARY .7 .1805. . -

STRICTLY MAINTAINED

OSCAR SlinRAY'S VIEW' OF THE - FREIGHT HATE SITUATION. Thonsli Tariff- Are Sow Lived l'p To, lit Siim, Tliere Is Danger In the Fulure Cor Movement. Oscar Murray, traffic manager 'of the Big Four, and H. C. Parker, holding the same position on the Lake Erie & Western, are of opmion that east-bound rates at Chicago, Peoria, SL Louis and Indianapolis are being strictly maintained, but they look with some anxiety to the present week. East-bound business Is light, seldom having been as light in the last ten years, and the temptations for a line agent or even Jils superior officer to cut rates are great, as shippers are not only pleading with the agents for some favor in the way of rates, but are threatening to never ship any more business by their lines If the present firm stand in rates is continued. , On the other hand, shrewd traffic managers like those named know that the roads must get better rates than have prevailed much of the time the last five years or go to the wall, as the money-borrowing limit has been reached. A belief prevails that could- rates be strictly adhered to through this month the crisis would be passed and shippers would see that efforts to break rates were not as effectual as in times past with the weak-kneed freight men, and aside from all this the traffic manager or his subordinate agent knows that under the agreement of the presidents his position depends on his carrying business at full rates. So long as this feeling prevails conservative freight officials express the opinion that there will be no -shading ol rates or discrimination in favor of certain shippers. It is thought that with the passage of the act permitting pooling the question of , division of business or troubles over rate matters will be adjusted. Freight Traffic at a Minimum. The train records show that there were received and forwarded last week at Indianapolis but 13,909 loaded cars, which was sixty-nine fewer than were handled at this point in the preceding week, when the movement, was considered exceedingly light, and 3,842 fewer than were handled at this point in the corresponding -week of 1894. Freight officials are casting about to ascertain the cause of the present light movement. The holiday cuts no figure, as In the corresponding week last year there was a holiday. There is one thing, however, which accounts for a large per cent, of the unfavorable exhibit. On Dec. 21, 1S33, notice was given that on Jan. 1 rates east bound would advance to the basis of. 2G.cents per one hundred pounds, Chicago to New York, making the rate-from Indianapolis to New York 23 cents. The ratin November and December, 1893, was as low as nvi cents per one hundred pounds. This action created a great .demand for cars; some of the freight men, "anticipating this advance, had filled side tracks with empty cars, and during the last ten days of December, 1893, placed them for loading. Two weeks of January, 1894, were occupied in moving this freight, and there was a heavy east-bound movement. West-bound business is unusually light. There is little anthracite coal and coke coming west, and the large west-bound shipments of heavy groceries are considerably below the tonnage of December, 1894, or of early January of the same year. In one line only, live stock, were the shipments East this year as heavy as last. In local business there was an average tonnage. Two or three roads handled more loaded cars last week here than in the week ending Dec. 29; on such roads the shipments of live stock, corn and coal are in excess of those of the preceding week; in fact, greater than in the corresponding week of 1894 It is thought that local traffic will improve from this on as the flour, the cerealine mills and; other interests are starting up since New Year's. Below is given the car movement for the weeks ending Jan. 5 anu Deo. 29 and the corresponding week last year: Is a me of Roads. Jan. 5. Dee. 29. 1894. i-, is. a. et Air-nne... zm I., 1). & W 281 C, H. & D. (Ind'p'lis div).. 497 1E.& W. Penn. I. & V , 603 Penn.-J.. M. & I..;... 612 Penn.- Chicago div 512 Penn. Columbus div 1.415 P. & Eu, East div. 747 P. & B.. West div m 280 270 302 581 542 . 033 440 1.534 540 3Ss 705 523 503 63a 319 1,758. 991 1,244 665 Big FourChicago div..... 1,427 1,387 1984 Big Four Cincinnati div.. 1,728 1,805 2!7 hi: n ' ' ouis aiv... 1,449 2,138 i ruui leveiana aiv... 1,768 Vandlaia 1,575 1.617 L788. 1,798 1,700 'Totals 13,909 13,978 17.751 Empty cars 4,587 - 3,830 5,622 Total movement .18,496 17,808 22,773 Trafllo Notes. , The four Pennsylvania lines handler at this point last week 3.152 loaded cars, an increase of 300 cars; 1,556 loaded cars were brought in and 1,594 forwarded. 4 It was an off week with the Vandalia, that line bringing in during the week ending Jan. 5 but 935 and forwarding west 640 cars, the lightest moveraelt in, any week of years past. The Indianapolis &. Vincennes Is handling a.0frood ,deal coal- bringing in last week 4S8 carloads. The Vandalia last, week Drought in more coal than in any week In many months, the cold weather increasing the demand. . The Big Fpur lines proper handled at IniaAapolls Iast week 6,134 loaded cars and 6.2Kb in the week ending Dec. 29. which. fewe,rEinan ln the we ending Dec. 29 and 1.519 fewer than in the week ending Dec. 22, and 1,848 fewer than in the week ending Dec. 15, 1894. a ilt of tbe total movement, 18.496' cars, 4,587 were empty. Ordinarily one-fifth the iaJ "ovement is empty cars. In looking over the reports it is seen that the Beeline division of the Big Four brought west 849 empty -cars; the Manhandle. 511; the St. oisc.ivison. ot tht B,' Four hauled wffSh9 c,mptr ,?ars: J,? Chcago division. 383: the Vandalia. 350. indicating that rrelght men expect an early improvement in business and now hope to have a rood supply of cars. 6 I'emonal, Local and General Notes. .s- W- Moore has been appointed agent of the Traders' Dispatch, at. Memphis, Tenn. The Central Traffic Association freight department will hold a meeting in Chicago to-morrow. The new Southern railway is made up of a doaea roads, and now covers under its title 4,407 miles of main line. S. L. Neeley has been appointed agent of the andalla at Pieron, 111., and J. S. Evans agent at liagerstown, III. . Of the two thousand cars the Missouri, Kansas & Texas has contracted for, seven hundred are to be furniture cars. Mr. H. P. Radley, general agent for the Monon at Bedford. Ind., has returned from a trip to Florida, accompanied by his wife. . C. C. Waite. ' president of the Columbus & Hocking Valley, was in Wheeling. W. Va., last week as a member of the arbitration board. . . E. B. Slaughter, one of the oldest baggage men in time of service on the Panhandle lines, was burled at Columbus, O., Oil Saturday. The Monon reports -show twenty per cent. Increase In passenger business on the main line during December compared with the year preceding. The Cincinnati, Hamilton & Dayton will hereafter honor mileage tickets of the Big Four and of the Baltimore & Ohio Southwestern on its entire system. The New York Tress says the abolition of stopover privileges on the New York Central has raised a vigorous protest on, the part of the traveling salesmen. It is stated that the prefix of "assistant" to the title of O. E. Schaft, assistant general manager of the Big Four, is to be CURES THE SERPENT'S STING. HEALS RUNNING

dropped In a. short time. He practically, performing the duties of general manager, and, therefore, it is said the prefix of assistant should be dropped. J. Cory Wlnans ha been appointed district passenger agent of the Cincinnati, Hamilton & Dayton, with headquarters at Piqua.' O., the appointment taking effect. torday, ;.v . , , The earnings of train men for December on Indianapolis lines will be 5 to 10 per , cent, lower than for November, owing to the decrease in freight traffic the last half of December. . The Adams Express Company is advancing its rates for transmitting currency. For years the rate between Boston and New York has been 25 cents per $1,000; now it is to be 40 cnts. The most prosperous railroad branch of the Young Men's Chritian Association in Indiana is at Fort Wayne, there being 400 members. In fact, it is stated at no railroad center is there a branch with as many members. - . The Big Four will soon ask for bids on one hundred stock cars, two hundred coal cars and five hundred flat cars. The Big Four handles a good deal of stone on its system, and a large per cent, of its fiat cars are past safe service. , The sleeping car hauled between Indianapolis and New York on the Big Four Knickerbocker express has now been on three weeks, and nine is the lowest number of berths occupied on any trip East; the average has been sixteen. The car-builders in the shops of the Pennsylvania Company, at Fort Wayne, have just completed fifty stock cars, equipped with apparatus to feed stock without unloading, and this morning will begin the building of one hundred furniture cars. - Hereafter the Pennsylvania will print its annual passes on bank check paper, cutting out the number of the sheet and also printing it in red ink. This is done to prevent the transfer of these favors to scalpers or other parties not entitled to such transportation. . The Adams Express Company has established an independent office at Denver and appointed C. M. Day, an old expressman, agent. The Adams now reaches Denver over the Chicago, Burlington & Quincy, 'operating in connection with the Pennsylvania lines. An impression, which is not correct, is out that A J. Gibbons, engineer of maintenance of way of the Vandalia lines, on M. C. Downing taking that (position, will be displaced. This is not the case. He is to be promoted, it is understood, 'to chief engineer of the entire system. E. B. Stahlman, commissioner of the Southern Passenger Association, has little hopes of harmonizing the differences between roads in the association, which goes

to pieces after an existence of nine years, it being organized in 1S86, with Col. M. Slaughter as Its commissioner prior to Mr. Stahlman. The ' clergymen of New York who travel on the New York Central are much exercised over the radical action taken by the general passenger agent of that road, h having instructed agents to vlicontinue the issuance of clerical permits, either trip or annual, as the privilege has been grossly abused, says the circular. M. J. Murphy, roadmaster of the Monon main line, has been promoted and, in addition to his former duties, has now charge of carpenters on the division. J. M. Caldwell, formerly master carpenter -of the second division, has assumed the duties as , inspector of buildings, bridges, etc., over the entire Monon system. The Baltimore & Ohio Southwestern people are considering the building of fifty miles of road whicliwould shorten the line of the B. & O. S. W.- seventy-eight miles between Louisville and St. Louis. The project is now known as the. New Albany, Fredericksburg, Paoli & Shoals road. When undertaken it will probably be given a shorter name, the present one being the principal points it would touch. General Manager Cox, of the Terre Haute car works, was in the city on Saturday. Me states that the works have just secured a contract to furnish the wheels, axles and trucks for seven hundred electric motor cars from the Brill Truck Company, of Philadelphia. A Western manufactory furnishing trucks for cars of Eastern States is complimentary to such- works. For some weeks past the Terre Haute car works have been engaged in rebuilding eight hundred cars 'for the Chicago & Eastern Illinois. A number of Ohio roads are protesting against the reduction in freight car milei age authorized by- the trunk lines and the Central Traffic Association. When the exchange of car mileage is about equal the matter is not so important, and an injustice is not so apparent; but with the coal and live stock roads cars go to other lines, while the cars of foreign, roads seldom come to them. ,In consequence, the road which handles a good deal of coal or live stock collects but little mileage, while paying out a good ' deal. A. reduction of 20 per cent on such cars is quite a serious matter, and in the end means that the road which owns the fewest cars and pays mileage is the best ' Off. . y ' - ' ' . , " l'p Hill. Does the road' wind up hill all the way? Yes, to the very end. ' Will the day's journey take the whole long day? From morn to night, my friend. But is there" for the night a resting place, A roof for when the slow, dark hours begin? May not the darkness hide it from my face? , You cannot miss that inn. Shall I meet other wayfarers at night, Those who "have gone before? Then must I knock, or . call when just in sight? They will not keep you standing at that door, - Shall I find comfort, travel-sore and weak?. Of labor you shall find the sum. Will there be beds for me and all who seek ? Yes, beds for all who come. Christina G. Rossetti. TUB COURT RECORD. Superior Conrt. Room 1 John L. McMaster, Judge. Arthur Lee vs. Elizabeth B. Tarkington; sewer assessment. Dismissed and costs paid. Benjamin Richcreek vs. Horace F. Bennett; street improvement. Dismtssed and costs paid. Room 2 L. M. Harvey, Judge. McCann vs. McCann; divoroe. 'Decree granted plaintiff. J. V. Durham vs. Premier Steel Company and C. W. DePauw; suit on note. Judgment by default for $11,954 and costs against defendants. Sew Salt Filed. Stat e Bank of Indiana . vs. Marion Caldwell et al. Superior Court, Room 3. Indianapolis Manufacturing and Carpenters' Union vs. Cleveland Fire ' Roofing Company et al. ; suit on account. Superior Court, Room 2. ' Emma C. Meyer vs. 'the Pettis Dry Goods Company; suit for damages. Circuit Court. Jennie Hart vs. William Hart; suit for divorce. Superior Court, Room 2. Walter H. Cox vs. Cleveland Fire Roofing Company; suit in attachment. Superior Court. George R. Faff vs. Henry Schwinge; suit on account. Superior Court, -Room 3. S. Kate Thornton vs. Meta Rea-na et. al. ; suit for damasres. Superior Court, Room 1. Esther A. Bristor vs. Nellie M. Bailey et ' al.; suit to foreclose. Superior Court, Room 2. J. A. Hardy & Co. vs. A. Marcy; suit In replevin. Circuit Court. Annie Bannon vs. Andrew Bannon; suit for divorce. Superior Court, Room I. . Ultra Visit to the White House. Washington Post. The. Visit of Senator Hill to the White House last Thursday night was the one topic of conversation in political circles Friday. The Senator, when questioned about . his presence at the President's dinner table, steadily refused to discuss the matter, and simply answered that he went to the White House in a social way. It is generally believed, however, that the visit has some significance. It has long been a cherished idea of Col. Lamont that Senator Hill would be a tower of strength to the administration in the Senate if he could be induced to range himself upon its side. All that Senator Hill said in defense of the President dur.ng the last session has been taken seriously by the President's friends and they would like him to take charge of all the administration measures on the floor of the Senate. He is persistent, courageous and independent, and being thoroughly familiar with great commercial interests would not allow them to be injuriously affected. - The astute Secretary Lamont is, therefore, credited with having suggested the advisability of inviting Mr. Hill, and it was noticeable at the dinner last night that Mr. Lamont was especially agreeable to the Senator. He walked with him up and down the parlors, saw that he was made acquainted with all the guests and In every way contributed to the pleasure of his evening. The course of the New York Senator will now be watched with more than ordinary Interest. Half Fare to Vlr-sluli and the South. Via Pennsylvania Line Land-seekers' Excursion. Tickets will be sold Jan. 8 to Feb. C at one fara for the round trip. Call on agents, 44 West Washington street, 46 Jackson Place, Union Station, or ad dr.. as George E. Rockwell, P. D. A., Indianapolis.

NEWFOUNDLAND'S'!

KVIN ASD DISTRESS THROIG1IOIT THE lOST ANCIENT COLONY. ,7 The Hank Failures Cause a Dearth of. Currency and Stoppage of Ilutne8M .Causes of the Crash. St. John's Letter in New York Tribune -re. Whatever else may be said of Newfoundland, it cannot be denied that in ' recent years it has attained sufficient notoriety. In 1890 it attracted tne attention of the world by the spirited resistance it offered to the arbitrary, and, as it turned out, illegal measures adopted by the British government for the settlement of the' French shore difficulty. The- little colony showed wonderful pluck in fighting against the modus vivendi, and was successful in proving in the highest court of law that the imperial authorities had no legal power to enforce its provisions. Then followed the iniquitous "coercion bill" of Lord Salisbury, designed to give legislative sanction to that harsh and unjust measure, and the historic scene In the House of Lords, When, before the most august assembly in the world, the delegates of Newfoundland de fended their rights so successfully o as. to win the sympathy and approval of the Par! liament and people of England. Almost the whole press of England applauded th address of the delegates, and approved the dignified and judicious position assumed by them. The obnoxious measure was with-. drawn and a compromise was effected. The sea-girt isle had drawn on itself the eyes of the world and came out of the conflict with honor. Not long after, in July, 1892, the namef the island was on all lips, as the soeneiof a terrible conflagration which destroyed more than half the city of St. John's and left 11,000 people houseless. Help came from: all quarters. The people bore the calamity bravely and set to ' work courageously to rebuild their capital. -In two years ftie burned portion was restored and greatly improved, and the sun of prosperity vivas shining brightly. 4 It would seem, however, that the colony is destined to be now, as formerly, , "fhe puri 01 nistoric misrortunes," as Xord Salisbury pithily described it. It isttbw prostrate under a calamity tenfold more disastrous than the flro of isa? r-wi)rw-. of December of the present year '-WW rang' be memorable as "the Black Monday" 'of cwwuiiuiiidu. inis time it was a ffnancial tornado that suddenly burst uportf'nhe unhappy country, the effects of , whiclf-'hre likely to be far more ruinous and widespread than any previous "historic 'misfortune. On the morning of that day the only two banks in the country the tfommerclal and union closed their doors' creating universal panic and distress. The next day six of the largest mercantile firms' suspended payment, increasing thedisftlay. Business was at once paralyzed. Alflhost the sole currency of the country consisted of the notes of the two banks. These ni-ere now valueless; no one would receive 'tiBem Few persons had more than a fewcgold pieces and a small supply of silver 1m their possession; many had but two or itbreo dollars In their pockets. Gold was hardly ever seen in buying and selling the eotes answering all purposes. Those whohad money intheir houses founu mat it wits in the discredited notes, and that their maney on current account and deposits ere locked up in the closed banks. Without any warning, the community was dep?-ived of its circulating medium, and nearlfc all buying and selling came to a., standstill except on a limited credit. The shops were open, but the -customers few and fa?' between. A splendid assortment of Christmas goods was in stock or stood temptingly , In the windows, but few could touch tW The people found themselves as in am en--chanted castle--bewildered,- powerless, unabl.e to comprehend the situation. ASTOUNDING REVELATIONS. r Speedily .employers of labor of all kinds, finding themselves without the means .of paying wages, and that demand for their articles of production had ceased, were compelled ' to discharge their hands! Pay laborers were no longer required. - Dismay was pictured on every face, and the question was on every tongue, "What Is going to be-the end of thfcf?". The conUonof affairs -was entirely unprecedentedhere;;qx elsewhere. . ; -.r'.5-v. But when a meeting of the shareholders of the Commercial Bank was held frightful revelations were speedily made, and rthe condition of the bank was found to be? far worse than any one had deemed to be possible. Mismanagement of tne grossest and most culpable kind came to light. Overdrawn accounts to the extent of a million and a quarter of dollars were found in the beka. One merchant, who was also a direct&r of the bank, had overdrawn hl3 account to the extent of $300,0CO. Three other directors-diad obtained each one-third or half that amount. Many traders and private individuals" hart obtained smaller overdrafts. The-notes tn circulation amounted to $730,000. "Thesfewere held by persons All over the country? ami it was soon seen that they were- almoit worthless. The deposits in the- bankdweite large, and there were amounts lying an current account. The . shareholders .who were liable, by the charter, for double the amount of their shares, were struck with dismay. The great bulk of them were persons of moderate or smalr means,. whs harl invested in shares to make a provision for declining years or for their families. Many were widows and orphans wftosWJlttle all was in these shares. The tales oflitter ruin a.nd almost beggary among ths class are heart-rending. Noteholders, of whbtn many are poor men, are no less to tie ptt-i led. These may recover 10 cents outiof the dollar hardly more. Depositors will alo lose heavily. The liabilities of the barfk amount to nearly two millions of dollars. Assets are not yet known. The merfntlle firms Indebted to the hanks will have? to go into liquidation. The bank is a complete wreck, and entails widespread ruin on1 thousands. ;y g - ; . - The condition of the Union Bank. k considered to be fairly good. It is believed, at present, that it will pay its debt, bat shareholders will lose the value ot their shares. Noteholders will probably ; .obtain 80 cents on the dollar. The same' system of permitting overdrawn accounts was In operation in this establishment, butt under more - careful restrictions. Still, some . directors were found to be heavily - overdrawn. The affairs of the bank are only partially investigated as yet, so that miic-h depends on what may yet come to light. In the stores of the merchants thefe are at this moment fish and oil to the value of $2,000,000 which, of course, cannot be realized on at present. Most of the suspended firms are believed to be solvent, if time to realize without making large sacrifices be secured. .., .. The condition of the mechanics, factocy workers and laborers In St. John's Ms alarming. They are without work arid many ere long will be without fod. The hand of charity cannot-come to the rescue because there is no money lrj, circulation, and we all know what hungry men- may be driven to do. Our people under Ordinary circumstances are quiet and orderlyand only if driven- to desperation' rtow4d any of them violate the law. , . . THE THINGS MOST NEEDED. f The great pressing necessity is to optajn as speedily as possible a medium of x change. No civilized commuity . ever before found themselves, in a moment,, d prlved of their currency. No bills isari. :be collected, no debts paid, .no purchaaMs made except with the small amount of cja;in now in the hands of a few,, and no, remittances made by bills of exchange. The government has no money to pay salaries at the end of the quarter, and what officialsthose in the civil service, teachers of schools and academies, etc--will do remains to be seen. The' government apparf ently is bewildered. It has decided. -to bring a bill before the Legislature to guarantee a-percentage on the value of the bank notes now in circulation, after -investigating the condition of the bankSi This would give a certain amount of temporary relief and cause the wlieels of commerce to move. For this : reason the measure would be welcomed, but our financiers have no great faith in it. Could the Union Bank be resuscitated and placed on a solid basis, so as to inspire confidence, this would be an immense boon. The agents of several Canadian banks are here with the view of opening branches, but as yet nothing definite has been attempted. We are waiting to hear from . th -government first. The "bank of Montre4j'((one of the strongest monetary institutions of tho day, has an agent here. Many advise that he should be applied to and asked . to take over the Union Bank on fair terms, after a careful investigartlon. The notes of the Montreal Bank would thus replace those of the suspended bank. We should thus obtain a currency on a solid basis and a means of exchange. If "in a multitude of counsellors there is safety" we ought to be safe. The newspapers teem with the wildest and crudest sc.iemes. The bank experts who are here will help us to discover a way out of the financial muddle in which we find ourselves. What are the causes which let;jjp to. this terrible financial crash, involvii-j'ps in; -such misery? The Immediate cause was' 'thei

a large firm in London Prowse.

Morris who acted as as-enta for a. large" number of our fish exporting firms.. uur .iocai nrms were largely involved with the London house and fell with it. The suspension of one firm told heavily on others and helped to bring them down. After soma time, another firm in Bristol with which. a large business was done also suspended, greatly increasing the panic, though happily this firm has been resuscitated and ihas resumed business under another name. The remote causes, however, which led to the catastrophe have been lonsr maturlnsr. arnl .lt was but a question of time when " tne aay or reckoning should arrive. The great staple industry of the country, as ihas .peen evident to discerning minds, was bemducted on unsound principles. The fisheries lor generations were carried on upon what was known as "the credit system." The large mercantile firms at the beginning of each fishing season made advances in provisions and goods of various kinds to the fishermen, in many instances directly, but often through middle-men, qallv-il "planters." The products of the year's labors.were at the close of the fishing sea-, son hande over to the merchant suppliers and the fisherman's account was adjusted. If a. surplus to his credit remained, he obtained his winter supplies and returned home happy. In bad seasons he found himself in debt to the merchant and had to make up his winter provisions oa credit. Many became, in this way, hopelessly sunk in debt. The evils of such a system are not difficult to discover. It was calculated .to undermine the lionesty and industry of the fisherman, and in many instances to deprive him of all hope and energy. It was hardly less injurious to the supplier. At the close of each fishing season he found a pile of bad debts accumulated by thosa. who had been unsuccessful in the fisheries. To cover these he must make high charges.. which the toiling fisherman resented. Thus the "truck system" was a curse to him that, gave and to him that received. Once ithei-pijghly established, it was almost im'p6ssible to get out of the vicious round. ' TJje crash has come at last which will end" It, but at an enormous cost of suffering. The "credit system" has got its death--blow. . -; ii WIDESPREAD RUlXr; r ; Diother efficient causd of the 'present frisis was the competition of the bountyUJffported French fisheries from Le Pierre. Ten years ago our mercantile firms were ;-rasperous and held a high and honored ,jlace. At that date, by increased bounties, . the Ffench bank fisheries were largely "Kpanded. Large, catches drove down the re of codfish. Newfoundland houses lost levily on their exports, and a considerable , portion of their capital was swept away. ;$t$y lost from $160,000 to $200,000 in one : rear. They were unable afterward to ; recoup themselves, and to keep afloat had , reoourse to .advances made by our local i janks. The directors of the banks were al- ; psot entirely merchants. An unsound sysi stttiOf banking commenced. The directors : "lad at the banks largely overdrawn accounts, and others were allowed a similar iOftnse. This could only last for a time. ! fig year short fishery and the failure . f two English firms interested in the trade precipitated the crisis, and the whole toil-king and mercantile system, was reiMc&ed to a state of chaos, from which, after M)e sufferings and much misery, it will emerge, let us hope, in a stronger and healthier condition. . H t If any one supposes that the present financial crash is but a temporary distor.gement from whic the country will Jitedily recover, he is widely mistaken. ancient colony" is "on its beam ends," and will not right itself except by slow degrees and many sacrifices. By these ruinous bank and mercantn taihiroa di h. 'BnSIustrles of the island are disorganized. .-uiLiiuura are impoverisnea. Large amounts of capital employed in the business of the country have been swallowed up, and the question arises, where will the fresh capital be found to carry on the seal lively in iuaren, ana tne great cod. fisheries' in summer? The property of the suspended fVwns will go largely to pay their indebtedness to the banks, flf lata i-oa r-c v, Ijlinery has not been remunerative, owing t(L the decline in the price of sealskins ana seal oil. All this, it is to be feared, means that next year large numbers will be unemployed. Already the cry of want comes from many quarters. It Is calculated) that ?e7J-.year the importations will be onehalf below the average. The revenue is main y derived from duties on imports, fehould the revenue be reduced: by one-half the public services cannot be maintained, and the Interest on the public debt will not be paid. - Should a remedy not be found -bankruptcy must follow. The state of matters at the present moment is hardly conceivable by outsiders. Christmas has come, and the festive season was shorn of all enjoyments to a large extent. The bills of the year are sent round, but few can pay. Many respectable families are ' not able to pay their servants' wages.. Tradespeople, shopkeepers, professional men, such as doctors and lawyers ; cannot collect their accounts. The revenues of the churches and the salaries of ministers have fallen and are likely, to go lower. To crown all, the government has no money to pay the official salaries at the end of the quarter. The poor relief grant is, paid by orders on shopkeepers. Where teachers are to get their salaries is a mystery. The total amount of coin in circulation Js very small. Charitable institutions, orphanages and many churches have suffered by the failure of the banks in which their funds were kept. Suppose this state of matters to continue' for" some time, thousands will be without bread. "What Is to be done?" is the question on every lip. Most intelligent men admit that there are but two alternatives before us One is to seek admission to the Dominion c Canada, which would assume our public liabilities and save us from bankruptcy The 'other is to ask the British government to send out a royal commission to itrvestigate our financial condition, with a view to guaranteeing a loan. This would involve a suspension of the Constitution at least for a few years, and the reversion of the island to the condition of a crown colony., administered by a Governor and a seisjet council. The, former could hardly be arranged under twelve months and would bfing us no present relief. The latter would bting help quickly, and to it most eyes are rornlng. No doubt should Newfoundland tlecome a crown colony, the issue would be union with Canada. Newfoundland is the twelfth largest island in the . world. The value of its total exports exceeds $6,000,000 annually, and its imports $7,500,000. Its principal exports are codfish, value $3,600,000; cod and seal oil, value $417,000; sealskins, value $166,000; anned lobsters. $265,000; herring, salmon, etc., value $295,000, and copper, copper ore find iron pyrites, value $639,000. It has a population of over 200,000, and over 35& miles of railway.- It has a public debt of $8,255,546. its total revenues in 1893 (including loans) were $1,853,844. and its total exoenditures in that year $2,110,012. SuRBeMions for the LeKifilatnre. To the Editor of the Indianapolis Journal: The Republicans have an unprecedented majority in tooth houses of the General Assembly which was. no doubt, obtained through Democrats who either abstained from voting at all or voted tire Republican ticket as a protest against the' ignorance and imbecility of the present Democratic administration. The successful party obtained no aid whatever from either the Populist or Prohibition party, who voted their fads, apparently indifferent to the suffering " of the covintry, well knowing they were practically disfranchised by the unconstitutional Democraic gerrymander enacted for the purpose. In considering measures Hkely to come before the Legislature I may safely assume that just and fair apportionment laws, both for legislative and congressional districts, will be enacted, as well as a law placing the benevolent and reformatory Insftutlons under the care of nonpartisan government. The temperance question is sure to come up, as it alw&ys does, when the party of "great moral ideas" obtains power, and prohibition, in some form. Is sure to be demanded. The liquor question is always a dangerous one to handle, and, as an evidence 'of that I may refer to the action of the party in 1882. when it declared in favor of submitting a prohibitory amendment to the people and thereby drove, out of the party the liberty-loving Germans who did not really want to leave us., The consequence of this unwise action is well known. The Repblicans have not had both branches of the Assembly for Jtwelve years, and during that time all the outrageous gerrymanders and partisan lavvs have been enacted. When liquor laws come up It would be well to look at the action of the party in Iowa and Kansas, each having a majority of one hundred thousand in favor of the G. O. P., which was thrown away by prohibitory laws. We must also remember that no one party --In -this State can enforce such laws without the help of the other. The Democracy are a unit in opposition to prohibition in any form. They may differ on currency and tariff, but not on that question. M. L. BUNDY. New Castle, Ind., Jan. 5. Hapitlnean in Pronpect. Louisville Courier-Journal" (Dem.) Yes. brother Democrats, the new year i bound to be a happier one for us than the old year. There are to be no national elections this year. The only way to cure catarrh is to purify the blood. . Hood's Sarsaparilla purifies the blood and tones up the whole system.

NEWS IN SUNDAY'S JOUttNAL.

Resume of the Principal Event in the lonue of Jan. ii. Powder works near Xenia, O., blew up, killing three men. . A preliminary canvass of the House shows 124 members in favor of the Carlisle bill. ; . In -a wreck on a mountain grade on the Lehigh Valley road, two stockmen were killed., Victor Monchereaux was arrested at Denver, charged with strangling Marie Contassoit.. The protest of Austria against the sugar tariff is giving the administration grave concern. . , Thunder Hawk, in jail' at Hot Springs, S. D., for the murder of a squaw and her son, hanged himself. , Consul-general Max Judd. at Vienna, saj-s Austria cannot afford to raise a tariff ro, with Uncle Sam. ; Invitations have been Issued by President and Mrs. Cleveland to the usual White House state receptions. Father Peter D. Brady, of San Francisco, was stabbed by a man who entered his house and demanded .money. Robbers entered the express car of a train that had stopped near Des Moines. I., and carried off the safe. They dropped it when pursued. . The Canadian Pacific accepted the proposition of the western railways. Its action removes the chief obstacle to'the formation of an association, Albert Dreyfus, convicted of revealing French army secrets, was publicly stripped of the insignia of his rank as captain. He will be imprisoned for life. The press of Germany' complains that the Empe'or assumes too great authority. Some uf the papers express a desire to tsee Bisma.ck again Chancellor. It has been proposed to the Union Pacific that its troubles with other Western roads be submitted to a. board of arbitration. An antver may be given Monday. ' Indianapolis. Board of Works decided to blacklist contractors that have defrauded the city with defective work. Congressman-elect Watson and Senator Haggard addressed the Republican Traveling Men's Club. S. Kate .Thornton sues Meta Reama for $1,500,' which, she alleged, she was swindled out of in a nostrum business. Mrs. Haines, living on Excelsior street,' died from a shock. She saw her husband, who was hurt on the ice, brought home in an ambulance. (From Sunday's Second Edition.) Brlgaml in Indiana. Associated Press Dispatch. LEBANON, Ind., Jan. 5. The most dastardly attempt at kidnaping ever made in this vicinity occurred at Thorntown, ten miles west of here, yesterday. Charles G. Wickham, assistant cashier of the Thorntown National Bank, is the father of a six-year-old son. About 11 o'clock yesterday morning his mother started him to the bank with a message to her husband. At the crossing of Pearl street and the Big Four railroad he was approached by a welldressed stranger who told him his father was but a short distance down the railroad track and wanted him. Ray started to accompany him, and at the Plum-street crossing they met a second stranger on horseback. The child was lifted up in front of the horseman, who told him he was going to take him home, and rode rapidly away in a northerly direction. The absence of the child was soon discovered, and calling together several persons, the father instituted a thorough search of the town. The fire bells were rung and in a short time several hundred men were scouring the country in everx direction. All night the tired throngs kept up their search, but no trace of the missing child could be found. About 10 o'clock this morning a party of searchers came across a negro on the road near Mechanlcsburg, eight miles north of here. His answers to the questions asked him were very unsatisfactory and he, was brought to this city and lodged in jail. His story was investigated and found to be untrue. When confronted by . these facts he broke down and confessed that he was a member of a gang of outlaws, whose rendezvous was in? a cave on the banks of Sugar creek about half way between Thorntown and Mechanicsburg. He says the child had been abducted rfor the purpose of securing a handsome ransom from the father for its return. A posse was at once organised and from the information obtained from the negro, had little trouble in locating the den. There they found the child asleep in one corner of the place, but the bandits had evidently been warned of their coming and flew. A brief description of the members was given by the child and the officers pushed on in pursuit. A messenger who arrived from the vicinity to-night reports a running fight as having 'taken place between officers and outlaws about 2 o'clock. He says that when he left the bandits were surrounded in the swamp, and their capture Is but a question of a few hours. The negro, who is now in jail, gives his name as Henry-Jordan, and says his home is in Atlanta, Ga. and that he has-been a member of -the gang about three months. Charles Patterson, who Jordan says is the leader of the band, is the son of well-to-do parents. His father is a prominent politician in Hendricks county. Since the murder of Hiram McDonald last August, in which he was implicated, his whereabouts have been unknown. He is a desperate character and will doubtless fight hard for his liberty. Mr. Wickham has offered a reward of $100 each for the kidnapers, dead or alive. The Slaughter of Armenians. LONDON, Jan. 5. Prof. Minas Tcheraz, editor of Armenia, and professor of Ar-, menian at the- University of London, has received the following advices from Armenian sources: ' "Zekki Pasha, commander of the Fourth Army Corps, has had given to him by the Sultan, the medal of husbandry. Ghendi, a Kurdish brigand at Boghazkissen, ordered an Armenian named Apdar to be killed for protesting against Ghendl's misdeeds. The Kurds have assassinated two persons at Daghveren, one at Armilion and one other at Keucher. The number of men, women and children who were cut down by sabers or bayonets at eleven villages of the Sassoun district was 750. "It is now proved that the people from the Sassoun district who, during the retreat to Mount Andok, fought bravely for nineteen days, and who gave themselves up to the enemy on Aug. 27, were deceived by the proclamation of Zekki Pasha, promising them amnesty. -The Turks then outraged the women and starved and tortured them for three days. Sixty young men were finally killed by the sword and their bodies were thrown into a well. The villages of Shenlk and Glelgozan have been burned to ashes, with their four churches. Thirtythree other villages have been sacked and destroyed. Khacko, Mayor of Aghni, his brother Hebo. their sons, a priest named Gabriel, of Pourch, and the archimandrite of Vartan. Mgr. Dlchian. of Tchkentzor, priest Donladed. of Shenik and five companions, the Mayor of the village of Grgo Movscssian and numbers of "mountaineers have been killed, over a thousand have been wounded and 250 prisoners have been taken. The Turks blimled priest Shannes, of Semal, and made him dance. He did so while chanting, "Praise the Lord, O, my Soul;" and was cut to pieces with a sword. Priest Bedros, of Gleigouzan, who killed seven Kurds in a fignt at Dalvorld, was made a prisoner and afterwards flayed alive. l,"lOO Marr inure Licenses In 18fM. JEFFERSONVILLE, Ind., Jan. 5. During the year ISirt County Clerk Lewman issued the astonishing number of 1,300 marrlag? licenses, or an average of 108 per month. At this rate Jeffersonville will experience no trouble in sustaining her reputation as the Gretna Green of all eloping couples. More tnan two-thirds of the licenses were issued to eloping couples. Penna Succeeds Mcllrlde. COLUMBUS, O., Jan. 5. At the meeting, to-day, of the general executive board of the United Mine Workers the resignation of President John McBride was accepted, and under the constitution of the order Vice President P. H. Penna, of Indiana, became president. - ' Village Ilnrned by Robbers. 'ARDMORE, I. T.. Jan. 5. The little town of Nebo, twenty miles northeast of here, has been visited by three men who robbed the stores of Tucker & Walker, and Rogers Brothers, broke open the safe and fired the buildings. The town is in ashes. ('la-Intone Still Chopping- Tree. LONDON, Jan. 5. Herbert Gladstone, in a speech to his constituents, at West Leeds, this evening, said that he could give the best possible accounts of his . father, who, in the morning, was again wielding the axe at Hawarden, with very good effect. Xever on n Railroad Train. GARDINER, Me., Jan. 5. Sofama! Bowman, for twenty-one years treasurer of this city, died to-day, aged eighty-three. A remarkable fact in his life was that he had never ridden on' a railroad train. 2,HM Volts Killed Him. , TACOMA. Wash., Jan. Mwo thousand volts of electricity passed through Peter Peterson, day electrician at the city light

VVhat a queer World this would be if Quaker Oats were buried at the bottom of the seal Millions of ruined .breakfasts! Sold only in a lb. Packages. PLANNER & BUCHANAN FUNERAL DIRECTORS. We hare removed to new and commodious quaff tera. Perfect privacy and convenience assured. 172 North Illinois St. DIED. BROWN Mrs. E. W. Brown, mother of Mrs. J. G. Patterson, died at 9 p. m., Jan. 6,- aged sixty-nine years. Services at the house, 24 South Summit street, at 8:15 a, m. Tuesday. Burial at SDrine Grove. Piaua. O., papers please copy. - 1 SOCIETY MEETINGS. MASONIC Stated meeting of Center Lodge, No. 23, F. and A. M., this (Monday), 7:30 p. m. Business of Importance. A full J. J. CURTIS, W. M. A. IZOR. Secretary. MASONIC Mystic Tie Lodge, No. 398, P. and A. M. Special meeting In Masonia Temple, at 7:30 o'clock this evening, for work in second degree. Visiting brethren will be cordially welcomed. WILBUR F. BBOWDER, W, M. v WILLIS D. ENGLE, Secretary. LOST. Lost Fox terrier pup' eight months old. White with tan markings on head and! .rump. Had on broken collar. Return to . 476 North Capitol avenue. . Reward. LOANS Money on mortgages. C t SAYLES, 75 East Market street. LOANS Money on watches, diamonds, jewelry, w!fhou publicity. CITY LOAN OFFICE. 67 West Washington street. LOANS Sums of $500 and over. " " City property and farms. C. E. COFFIN & CO.,' 90 East Market street. ' MONEY TO LOAN We have plenty of 8 farms. C. N. WILLIAMS & CO.. Crawf ordavllle, Ind. - . TO LOAN Money to loan upon real estate mortgage in amounts required. Interest moderate. No commission charged. ' M'GIlLiaRD & DARK, 83 and 85 East; Market street. MONEY TO LOAN On farms at the lowest market rate; privileges for payment before due. We also buy municipal bondn. THOMAS C. DAY & CO., 72 East Maxl.et street, Indianapolis. LOANS 6 per cent, money on improved real estate in this city only. (No leans made outside.) Bo.rower has the privilege of prepayment semi-annually. No delay. Reasonable fees. JOHN S. SPANM & CO., 86 East Market: . , . ' . .rat. WANTED AGENTS. WANTED Traveling and local salesmen to carry sample of our oils as side line. Only reliable men wanted. EMPIRE OIL COMPANY, Cleveland, O. . , . ' .. WANTED Salesmen and agents for tha "K Invisible Clothes Rack." Can be attached to any upright piece of furniture; Address the H. T. K. CO.. 28 McDaniel street, Dayton, O. .. WANTED AGENT A reliabTeperson ins each county to sell our standard preparations. A splendid chance to make money. Address, with references, MONTGOMERY CHEMICAL CO., Cincinnati, O. AGENTS WANTED Agents to take orders by sample at home or travel. We pay liberal salary and expenses or good commission and furnish samples to right applicants. Address, Lock Box 1354, New, .York city. WAMTED-M A.LE HELP. WANTED MALE HELP Shoe salesman wanted to sell a line of cheap and medium priced men's shoes, to retail trade, as a side line in Indiana and Michigan. None but those with experience and an estab- - llshed trade need address T. P. W., care letter carrier No. 10, Boston, Mass. JtVAXTEDMIS WANTED To buy or lease newspaper in county seat or town of 5,000 or upward. Ohio, Indiana or Michigan preferred. "J. T. H., care of the Journal. - TIT A TVTT'T.-'r ITVmii. norflim n 'iirnlcl, ClftlA II A.. 1 . Wl. JU., lit j .s v.. ....... y.,,UVV to $5,000 each for the incorporation of a business now well established with a view 1 of moving it to better location In the city, and thus increasing the business largely. Only those having means need answer. The business will bear close investigation, and the best of references can be given, all in strict confidence. Address "BUSINESS." care Journal. FOR RE5T. TO LET Two lovely front rooms; furnished. 130 West Vermont. Price reasonable , :- TO LET Nicely furnished front room, with modern conveniences, for one or two gentlemen. 518 North Capitol ave. References required. j TO EXCHANGE. ; WANTED TO EXCHANGE 200-acre farm, Clay county, Illinois; 440 acres of land in Jasper county, Indiana: good dwelling property and lots in Marion, Ind., and some cash for a good stock of merchandise. LEE HALL, Marlon. Ind. . F9KJMjPi - -- -- -- -- FOR SALE Newspaper in live Ohio town of 2,500. Complete outfit. Will pay 100 per cent, on investment this year. $500.. Hear closest Investigation. Must sell. Other business. "PROPRIETOR," care of the Journal. ' t AXXOtXCEMEXTS. 1 j PROF. A. B. -WINTERMUTE A MIND reader of the past, present and future. General business consultation. Office No. 7G0 North Illinois street, Indianapolis. Office hours from 8 a. m. to 9 p. m. station, this morning, instantly killing him. In making changes on the fiwitchboard he grasped two plugs at the same time, hla -thumbs touching them too far up and on tha noninsulated portion. There was a flash and he fell back dead. He had been in the employ of the company six years. Three "Lndlen' Heard Breclclnrl-ljre. CHARLESTON, S. C, Jan. 5. CoL W. C P. Breckinridge lectured here to-night on the philosophy of our government to an audience of forty people, including three ladies. rncertnin. Detroit Tribune. They stood still and looked at her. ."Do you not," they ask d, "want to be a lady when you are grown up? Their child gazed into their faces wonderingiy. . "Forsooth." she answered, brushing the tangled -curls away from her sad, sweet face. "The way styles are going I know not what to say." . No.' she would not commit herself In advance of the fasnlons. ' Or. Price's Cream Baking Powder World'! Fair Highest Medal and Diploma,

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