Indianapolis Journal, Volume 48, Number 7, Indianapolis, Marion County, 7 January 1898 — Page 5

TO REFORM CURRENCY MOTi GTAHV COMMISSIOS'S MILL IXTItODI'CEU IX THE HOUSE. ♦ Tlip Meaxnrc Submitted liy Representative Overntreet, of Imliana, On© of the Advocate* of the Finn. ♦ PROVISIONS OF THE BILL ALMOST IDENTICAL WITH THE ItEI'ORT RECENTLY MADE PUBLIC. Hearing to He Accorded Me*r*. Edmund<t, Taylor, Fries and Fairchild Wednesday of Next Week. Special to the Indianapolis Journal. WASHINGTON. Jan. 6.-The bill of the Monetary Commission intended to embody in law the plan of currency reform made public by the commission on Monday was introduced to-day in the House by Representative Overstreet, of Indiana. The bill Is the work of a subcommittee, of which ex-Sena-tor Edmunds. ex-Secretary Fairchild and Mr. C. Stuart Patterson were members. Those portions affirming the permanence of the gold standard and providing for a division of Issue and redemption, and the gradual retirement of the legal-tender notes out of the surplus revenues, are taken with very few changes from the plan as printed. The sections regarding the changes in the banking aw, intended to give elasticity to the Currency by notes issued on assets, secured by a guaranty fund, are set forth more fully than in the report in order to cover the necessities of legislation. The bill contains forty-seven sections and deals with several subjects at length which were only generally defined in the report of the commission. The opening sections define the metallic standard and affirm the declaration of the report “that all obligations of the United States for the payment of money now existing or hereafter to be entered into shall, unless hereafter otherwise expressly stipulated, be deemed ..nd held to be payable in gold coin or the United States.” The provisions for the division of issue and redemption are set forth fully, as in the report, including the provision that silver dollars may be exchanged for gold coin, without providing for the direct redemption of silver certificates. The section which distinguishes the denominations of the government paper money is as follows: "Section 14. No United States note or treasury note issued under the act of July 14, 1890, of a denomination less than $lO shall hereafter be issued, and silver certificates shall hereafter be issued or paid out only in denominations of sl, $2 and $5 against silver dollars deposited in the division of issue and redemption, or in exchange for sliver certificates or denominations exceeding $5.” The provisions of the report for the issue of certificates of indebtedness running from one year to five, v/ith interest not exceeding 3 per cent., to cover temporary deficiencies, is carefully framed, and is followed by the provisions of Section 17, authorizing the inscription of the public debt at Washington without the old formalities of engraved bonds for those who do not wish to be charged with the care of them. Coming to the banking features, full provision is made for the continuance of the circulation of 25 per cent, of the capital of a bank, based upon United States bonds, with authority to withdraw such bonds and base the circulation upon banking assets in the proportion of one-fifth of this form of circulation annually at the end of five years. This will transfer the circulation to the system of banking upon commercial assets, with a guarantee fund, at the expiration of ten years. THE GUARANTEE FUND. The provision for the guarantee fund is set forth more fully than in the report in the following terms: "Section 20. That every national bank association shall at all times keep and have on deposit with the division of issue and redemption, for the purpose hereinafter specified, a sum in gold coin equal to 5 per centum of its outstanding circulation. The amounts so kept on deposit shall constitute a fund to be known as ‘the bank note guaranty fund,’ which fund shall be held for the following purpose and for no other, namely: Whenever the controller of the currency shall have become satisfied, by the protest and by the waiver and admission specified in Section 5226 or by the report provided for in Section 5227 of the Revised Statutes of tae United States, that any association ha* refused to pay its circulating notes on demand in lawful money he shall direct the redemption of such notes from the bank note guaranty fund aforesaid, and such notes shall thereupon be so redeemed. After the failure of any national banking association to redeem its notes shall have been thus ascertained the "bonds deposited with the treasurer of the United States shall be sold as provided by law, and the proceeds of such sale shall be paid into the bank note guaranty fund. The controller of the currency shall forthwith collect, for the benefit of the fund, from the assets of the bank and from stockholders thereof according to their liability, as declared by this act, such sum us, with the bank’s balance in the bank-note guaranty fund, shall equal the amount of its circulation outstand.ng. And for this purpose the United States shall, on behalf of the bank-note guaranty fund, have a paramount lien upon all the assets of the association, and such fund shall be made good out of such assets in preference to any and all other claims whatsoever, except the necessary costs and expenses of administration of the same.” The next section of the bill provides “That, whenever the controller of the currency shall ascertain what defieney. if any, exists between the aggregate collections for the benefit of the bank note security fund, in the case of any failed bank, and the amount of its outstanding notes redeemed uiid to be redeemed from the said fund, he shall assess such deficiency upon all the national banks in proportion to their notes outstanding at the time of the failure of such bank.” The provision for the assessment of tax upon circulation qbove the authorized limit is as follows: “Section 25. That every national banking association shall pay, oil or before the last day of every month, to the division of issue and redemption, a duty imposed at the rate of a per centum of its circulating notes outstanding in excess of Go per centum of its capital stock, and not in excess of 80 per centum of such capital stock and a duty imposed at the rate of 6 per centum per annum upon the average daily amount of such notes outstanding in excess of 80 per • enturn of its capital stock. Circulating notes of any national banking association shall be deemed and held to be outstanding whenever they shall have been supplied by the controlller of the currency to such association in blank, registered and countersigned according to law and shall have not been returned to the controller for cancellation or covered by an equal amount of lawful money deposited with the assistant treasurer in charge of the division of issue and redemption for the retirement of such notes.” The present*restrictions upon the amount of circulation which may be withdrawn monthly, and also upon new issues of bank notes by made withdrawals within six months, are repealed. REDEMPTION OF NOTES. Section 34 of the bill provides for redemption of notes in multiples of SI,OOO in lawful money, upon presentation at the treasury, or subtreasuries designated for reder*p‘on purposes, but it is provided that “nothing in this act contained shall be construed to impose upon the United States any liability for the redemption of the notes of any national banking association beyond the proper application of the redemption and guaranty funds deposited with the division of issue and redemption, and tbfe enforcement of the remedies l>y this act provided.” Section 35 contains the provision that onefourth of the reserve shall be held In coin, with tin- specific mandat.- "that nothing in this section, except as expressly provided, shall he construed to alter or in any way

affect the provisions of the existing law governing the maintaining of reserves.” Section 37 authorizes the establishment of banks with a capital of $25,000 In towns not exceeding 4,000 inhabitants, and Section 3S declares “that it shall be lawful for any national banking association to establish branches under such rules and regulaticns as may be prescribed by the controller of the currency, with the approval of the secretary of the treasury.” Section 41 provides for at least two examinations of national banks each year, for the rotation of examiners and for fixed salaries for examiners. The amount of the salaries is to be collected by assessments upon the banks. Provision is made for the entry of state banks into the new- system. Section 45 reading: “Any bank or banking association incorporated by special law of any State, or organized under the general laws of any State having a paid-up and unimpaired capital sufficient to entitle it to become a national banking association under the proposed act, may. by the consent in writing of the shareholders owning not less than two-thirds of the capital stock of such bank or banking association, and with the approval of the controller of the currency, become a national bank under this system, under its former name or by any name approved by the controller. The directors thereof may continue to be the directors of the association so organized until they are elected or appointed in accordance with the provisions of the law. When the controller of the currency has given to such banks or banking associations a certificate that the provisions of this act have been complied with, such bank or banking association and all its stockholders, officers and employes, shall have the same powers and privileges and shall be subject to the same duties, liabilities and regulations in all respects as shall have been prescribed for the associations originally organized as national banking associations under the proposed act.” The House committee on banking and currency made arrangements to-day to hear representatives of the Indianapolis monetary commission on Jan. 12 relative to the bill introduced to-day. Those to appear will be Judge Edmunds, representing the commission and also representing the North and East; Judge R. S. Taylor, of Fort Wayne, Ind., representing the middle West; J. W. Fries, of Salem, N. C., representing the gold Democratic sentiment of the South, and ex-Secretary Fairchild, of New York. Mr. Overstreet’s Work. Representative Overstreet was selected for the purpose of introducing the bill some months ago, partly because he represents the Indianapolis district, where the movement was given birth, but more because he has been from the start an earnest advocate of currency reform. From the beginning of the work Mr. Overstreet has been one of the constant advisers of Mr. Hanna, chairman of the executive committee, and has done much in various ways in aid of the movement, though he never committed himself to the particular lines of this bill nor consented to introduce it until the commission finished its work. Then tie took up the report, and after giving several days of careful study to the plan recommended announced that it met his views in every particular and he was more than willing to introduce the bill and tight for it. Since his first election to Congrses Mr. Overstreet has constantly grown in the estimation of his constituents here as a conservative, wise and able iepresentative. Mr. Overstreet was born in Johnson county, this State, in 1859. He w'as educated at the common schools and at Franklin College and was admitted to the bar in 1886. He served as deputy under Collector Dunlap in this city and then returned to the practice of law at Franklin. After the liveliest kind of a struggle he was nominated on the Republican ticket in the old Fifth, district in 1894. He made a remarkable campaign, overturning the heavy Democratic majority in the district and defeating George W. Cooper by over 1,U)0 votes. The reapportionment made by the legislature of 1895 put Johnson county in this, the Seventh, district, and in the campaign of 1896 Mr. Overstreet was renominated and defeated Charles M. Cooper by about 5,099 votes. The Central Pacific’* Debt. WASHINTON, Jan. 6.—lt is stated on good authority that up to this time the government has taken no steps looking to the initiation of proceedings in foreclosure against the Central Pacific road, which is said to have defaulted in the payment to the government on Jan. 1. It Is said, however, that a representative of the company recently had a conference with the President, Secretary Gage and Attorney General McKenna with a view to a final settlement of the company’s obligations without placing the road in the nands of a receiver. Owing to the many claims and counterclaims involved, it is not possible at this time to state the exact amount in which the company defaulted on Jan. 1, but the amount of the due and unpaid principal on that day was $10,614,120. The other items in the account are: Balance of interest due the United States, $35,852,719; bonds redeemed by the government prior to Jan. 1, $6,074,000; accrued interest, $504,333. Against this total of $53,045,172 the company has $7,513,650 in cash and bonds in its sinking fund. There are also judgments and claims against the government, unpaid, amounting to $2,473,366, which leaves a net balance on Jan. 1 of $43,058,156. On Jan. 1, 1899 bonds will mature to the amount of $9,197,000, exclusive of accrued Interest.

To Wipe Out Indian Territory. WASHINGTON, Jam 6.-Delegate Callahan, of Oklahoma, Introduced a bill to-day to attach the Indian Territory to the Territory of Oklahoma and to organize the two territories into one territory. The bill includes all the lands of the five tribes of Indians and the Quapaw Indian tribes. The capital is to remain at Guthrie; territorial officers of Oklahoma are to be the offices of the territory; the land to be attached to Oklahoma is to be divided into six counties to be named QuajKnv. Cherokee. Chick saw, Choctaw, Creek and Seminole; the present* capitals of the nations of those names to be county seats and Miami to be the county seat of the new Quapaw county, and the territory is to be divided into five judicial districts. The criminal and civil jurisdiction and the procedure of district court of the territory thus created are to be the same as now fixed for Oklahoma. The new territory is to be entitled to one delegate in Congress and the Legislature is to consist of a council of twenty-five members, thirteen from the present Oklahoma and twelve from the present Indian Territory; the house to consist of twentysix from the former and twenty-one from the latter. The act is not to be construed to affect the tribal relations or rights of any Indian tribes. The Oklahoma laws are to govern, the new territory. Britain Seeking: Reciprocity. WASHINGTON. Jan. G.-There is reason to believe that Great Britain will again take the lead of other nations in the negotiations of reciprocity treaties under the Dingley tariff act. While other nations were lodging complaints against the terms of the act and of the very limited advantages offered by the reciprocity clauses, the British embassy here has been at work quietly carrying on negotiations for a series of treaties extending the benefits of so much reciprocity as may be obtained under the act to the British possessions in the West Indies. Sir Julian Pauncefote has been at the State Department several times recently. Matters are advancing to a point where it is expected some of the officials of the British colonies will be called into the consultations prior lo signing an agree* ment, as is customary when British colonies are concerned. It is said that the old reciprocity treaties which were set aside by the Wilson act will still serve a useful purpose as the basis for the new agreements, though it will lx? necessary to amend them in order to a.llow r for the changes in business and commerce that have taken place since they were drawn. Snperflaous Board to Bo Cat Olt. WASHINGTON, Jan. 6.—The House committee on Indian affairs to-day decided, by a vote of eight to four, to omit from the Indian appropriation bill an item for carrying on the the work of the board of Indian commissioners, made up of President Gates, of Amherst Colh ge; Bishops Whipple. of Minnnesota, and Walker, of western New York; Messrs. P. C. Garrett, of Philadelphia; Darwin James, of Brooklyn, and others, who serve without compensation, beyond expenses. The board was originally known as the Peace Commission, and was instituted under the Grant regime for the avowed purpose of guarding against frauds in Indian contracts, etc. It examines the bids for Indian supplies and co-operates with the government authorities in protecting the Indians and the public against irregularities. The House committee felt, however, that the board was a superfluous edfunct to the public conduct of Indian affairs. To ( urtull Mail Deliveries. \\ ASHINCgrON. Jan. G.—lt is the intention of the pnstotfleo Department to limit the number jbf mail deliveries in purely residential districts in cities to not n ;>re than four y*i day. In some of the ejjiea

THE INDIANAPOLIS JOURNAL, FRIDAY, JANUARY 7, 1898.

in the East the people In residence quarters now receive as high as six or seven deliveries in one day. This, department officials say, is a discrimination against residents in other cities, particularly in the West, where the mail carrier makes his rounds in the residence quarters but twice a day and in the business sections once or twice more. The practice in the East is the outgrowth of the policy of the department in the past allotting to postmasters a lump sum for the service in their particular cities, which is generally expended in full. First Assistant Postmaster General Heath, in speaking of the matter, said that he be* lieved that with the saving of carriers that may be effected by this curtailment of deliveries, free delivery may be extended to many places not new accorded such service and in addition extra deliveries given to both residential and business sections of cities of the West now lacking adequate accommodations in this respect. Senate Confirmations. WASHINGTON, Jan. 6.-The Senate today confirmed the following nominations: To be United State Consuls—Edward D. Winslow, of Illinois, at Stockholm, Sweden; Michael J. Burke, of Illinois, at Port Stanley and Saint Thomas, Canada; Louis H. Ayme. of Illinois, at Guadaloupe. West Indies; J. N. McGunn, of Wisconsin, at Dunfermline, Scotland; George H. Moulton, of Colorado, at Demerara, British Guiana; C. W. Merriman. of Wisconsin, at Brockville, Ontario; Daniel E. McGinley, of Wisconsin, at Athens. Greece. Edwin M. Year)an, of Junction. Ida., to be Indian agent at Lemhi agency. Idaho. Senator Pettigrew', chairman of the committee on Indian affairs, made an adverse report, for “home rule” reasons, on the nominations of the following persons to be Indian agents: Charles McNichols. at Colorado River agency. Cal.; Edward Goldberg, at Quapavva, I. TANARUS.; Charles G. Kcyse, at Fort Apache. Ari., and Fred B. Springs, at Nevada agency, Nev. Eight New Revenue Cutters Needed. WASHINGTON, Jan. 6.—Senator Frye today introduced a bill authorizing the secretary of the treasury to have eight vessels constructed for the use of the revenue service, four of them to cost $160,000 each, one of them to cost $250,000 and the other three $45,000 each. The first four are to be used in replacing the Sew r ard, the McLane, the Colfax and the Boutwell. and the last three in replacing the Washington at Philadelphia harbor, the Hamlin at Boston harbor and the Chandler at New York harbor. The $250,000 vessel is to be used at the Columbia river bar on the Pacific coast. The bill was introduced at the instance of the Treasury Department. The old vessels to be replaced are complained of as obsolete and unfit for the service required. Bill* PasKed by the Senate. WASHINGTON, Jan. 6.—While the Senate was in session two hours to-day, practically no business was transacted beyond the passing of a few bills. Among the measures which received favorable consideration were the bills providing for a congress of the representatives of tfie Indian tribes of the United States, to be held at Omaha during the progress of the international exposition this year; bills providing for the erection of public buildings at F’ergus Falls. Minn., and Newport News, Va„ and a measure to protect the name and Insignia of the Red Cross Society. At 2 o’clock the Senate adjourned until to-mor-row. Pnnished for Drunkenness. WASHINGTON, Jan. 6.—Acting Secretary Roosevelt has acted upon the proceedings of the court-martial which at Mare island found Lieutenant Frederic H.* Lefavor, the executive officer of the gunboat Wheeling, guilty of the charge of drunkenness on duty, but acquitted him of the charge of scandalous conduct. The sentence of the court was that he lose four numbers on the list of lieutenants. This was approved by the department, with the comment that the sentence appeared to be inadequate for the offense. Steamer Chartered for Reindeer. WASHINGTON, Jan. 6.—A cablegram received at the War Department to-day from Lieutenant Devore, who was sent with Dr. Jackson to Europe to secure reindeer for the Klondike relief expeditions, said that a steamer had been chartered for the transportation of the reindeer to the United States, and it was expected that the party would be able to sail for New York on the 20th inst.

No Postal Change In IV'ew York. WASHINGTON, Jan. 6.—The Postoffice Department has found it necessary to issue a notice that the recent consolidation of the cities and towns comprising Greater New York did not change the postal arrangements as affecting- the several localities. This notice was found necessary because of the many mistakes made by persons addressing mail matter to friends in various parts of the metropolis and designating the city location simply as Greater New York. Sew Indiana Postmasters. WASHINGTON, Jan. 6.—Fourth-class Indiana postmasters were appointed to-day as follows: Bremen, Marshall county, O. F. S. Miller, vice Mrs. Lucinda Walter, removed; Rcgersville, Henry county, Ila B. Cory, vice J, 6. Luellen, resigned. General Noted. Special to the Indianapolis Journal. WASHINGTON, Jan. 6.—The President has signified to Representative Steele his intention to appoint A. C. Bearss postmaster at Peru, Ind. This terminates an interesting contest for one of the mo3t desirable local appointments in the State. Senator Fairbanks will not deliver his immigration speech until Tuesday of next week. He could have had Monday, hut did not care to antagonize the Hawaiian treaty with a speech that could be delivered as well the day following. P. L. Andrews has been indorsed by Representative Henry iur appointment as postmaster at Decatur. The postmaster at Alexandria, Ind., has been allowed! S3OO for extra clerk hire for two clerks to June 30 next. To-day’s statement of the condition of the treasury shows; Available cash balance, $232,955,873; gold reserve. $161,029,305. The Senate committee on military affairs to-day ordered a favorable report on the bill increasing the military force of the country to the extent of two regiments of artillery. The purpose of the bill is to afford a sufficient number of men to protect the new guns and mortars which are being put in place. „ Attorney General McKenna to-day sent to the Senate in compliance with a resolution of inquiry a full statement of the transactions of his office in connection with the proceedings looking to the sale of the Kansas Pacific Railroad. The greater part of the report consists of documents already in print. He says the transaction has been in compliance with the law organizing the Pacific Railroads and in accordance with the direction of President Cleveland. Representative Shawforth. of Colorado, introduced a bill to-day to amend the copyright law so as to except photographs in publications from the lift of subjects which can be copyrighted. COLLAPSE OF*AN ICEHOUSE. Two Men Killed, Five Probably Fatally Hurt and Others injured. WHITMORE LAKE. Mich., Jan. 6.—The Toledo Ice Company’s mammoth icehouse, in course of erection here, collapsed this afternoon, killing two men instantly, probably fatally wounding five and injuring a dozen others. The dead are: ALBERT MOREY, laborer. OSCAR O’CONNOR, laborer. The seriously injured are: John Mcßride, chief carpenter, of Owosso, arm and leg broken and jaw crushed; J. Commithy. carpenter. of Toledo, internally injured; George Martin, breast crushed: H. Stilson, internally injured; B. Fultz, head crushed. One hundred and fifty laborers were at work on the building, which was 150 feet wide and about 250 feet long, divided into five rooms. The west outside wall first fell, the others following in rapid succession, until the entire structure lay fiat upon the ground, with the men struggling beneath it. A speck i train from Ann Arbor has arrived to take care of the injured, some of whom are expected to die before morning. The cause of the collapse is not known, as the building was considered perfectly safe. Ten thousand dollars will cover the loss. OIL-WELL SHOOTER KILLED. And a Team of Home* and Wagon Blown Info Fragments. TOLEDO. 0., Jan. 6.—An explosion of 1,500 quarts of nitroglycerine near Booth, an oil town a few miles east of this city, killed an oil well shooter named Stephen Wilson, of this city, and wiped out of existence a team of horses and wagon. A piece of Wilson’s flesh and the head of om* horse was all that was found. Considerable damage was done to property in the vicinity, but no one else was injured.

BRITAIN NOT SELFISH WANTS ALL NATIONS TO ENJOY EQUAL PRIVILEGES IN CHINA. ♦ She Desire* No Special Concessions, and Will Insist that Treaty Ports Be Open to the World. GERMAN EDITORS CROWING ♦- OVER THE SUCCESS OF THE KAISER’S STROKE OF DIPLOMACY. Berlin Newspapers Full of Sneering Remark* at England’* ExpenseGeneral Foreign News. ♦ LONDON, Jan. 7.—As Great Britain’s policy in the far East develops, it is made plain that her attitude is exactly opposite chat of Russia, Germany and France. Britain insists, in return for guaranteeing the proposed Chinese loan of $80,000,000 in gold, that new treaty ports be opened at which all nations of the world will enjoy like privileges, whereas Russia, Germany and Franco want special privileges that will exclude other countries. 4 4 4 The German press is indulging in a tone of extravagant self-satisfaction over the success of German diplomacy in China. The fact that Emperor William personally conferred the Order of the Red Eagle upon Baron Von Bulow, the German foreign minister, for his share in the affair, indicates that the Emperor is delighted with the outcome of his policy. The Berlin newspapers, with the exception of the Vossische Zeitung, are full of sneering remarks at England’s expense. The Vossische Zeitung, however, points out that there is plenty of room for everybody and even suggests that the time has arrived for a. better understanding between England and Germany. The rather apologetic tone of the North German Gazette, in its semi-official article yesterday, seems to be a reflection of the feeling in some quarters that the acquisition of a coaling station is hardly the realization of the great colonial enterprise which the blaze of Frince Fienry’s departure foreshadowed and the suggestion of the possibility that Kiaochau might prove unsuitable, leads many to ask whether Germany, after all, has taken a leap in the dark. It is now discovered that if Germany moves north she is bound to clash with Russian interests; if further south, then with English interests. Already it is proposed to establish a branch of the German Asiatic Bank at Kaiochau and postal regulations will be issued. The German government is ordering the preparation of maps and charts of the district and the principal banks propose to begin the exploration of the coal beds of the Shan-Tung peninsula immediately. Various rumors are current in Berlin as to conferences of the powers to settle the Chinese question, but none can be relied upon. Herr Richter, in the Freisinnige, thinks an unnecessary noise has been maue tor what he calls an omelette, and he cannot perceive any comrnerc.al advantage in the acquisition of Kiaochau. The North German Gazette, in a semi-offi-cial article, says; "The development of affairs in east Asia is becoming more tranquil. Tension was caused by the political antagonism of Great Britain and Russia, but behind the political antagonism now appears an economic otiepi* which, however, should be arranged with little difficulty. There is no reason why one state should exclusively undertake the Chinese loan. Prudent considerations suggest the advisability of an international arrangement.” In another article the North German Gazette says: “The main purport of the Chinese agreement shows in full light the German objects in eastern Asia, which are free from all violence. Germany does not seek to force her way into Chinese territory as a conquerer, but she will use as peaceful co-operators in the prosperous development of her affairs those powers which the Chinese government conceded her. As in all Germany’s transmarine enterprises further action is subordinate to moderation; the arrangement has strengthened rather than prejudiced the Chinese-German relationship. Moreover, we have from an economic and commercial point of view, secured an advantage which we could not renounce without self-depreciatlo.i.” 4 4 4

According to a special dispatch from Shanghai, the existence of an Anglo-Jap-anese alliance is openly asserted there in well-informed circles, an alliance to maintain the status quo in China and Corea and to declare the independence of Corea under the joint guarantee of England, Russia and Japan. * * * The Daily Graphic publishes a dispatch from Baron Hayashi Tadasou, Japanese ambassador to Russia, to the Japanese government, intimating, on the authority of the German ambassador at St. Petersburg Prince Von Radolin, that no understanding existed between Germany and Russia with reference to the occupation of Kiaochau * * * The Times says this morning that It understands the term of Germany's lease of Kiaochau to be ninety-nine instead of fifty years. A dispatch to the Times from Peking, dated Thursday, says: “Under the agreement between Baron Heykir.g, German ambassador to China, and Prince Kung, president of the Tsung-Li-Yamen, Germany will pay a nominal annual rental for Kiaochau. She acquires the right to begin forthwith the construction of a dock and fortified coaling station. The belief fn an early French occupation of Hai-Nan island is general here.” * According to a special dispatch from Shanghai, Russia is endeavoring to obtain terms similar to Germany’s for the occupation of Port Arthur and the Kiaochau peninsula from a point north of TalienWan. it is believed that the attitude of England and Japan will frustrate her designs. The Ho.ig-Korg correspondent of the Daily Chronicle says: “The Russian occupation of Port Arthur completely blocks the entrance to Peking, and it. is imperative that the count should be transferred to Nanqin, the southern capital. * * * The Deutsche Zeitung. of Vienna, echoing German feeling, says: “England has suffered a crushing defeat, but there is no fear of war. The British lion rears, but he does not bite. All civilized nations ought to be grateful to Emperor William for having destroyed the myth of Great Britain’s universal domination.” * * * The Russian cruiser Rossia has arrived at Port Said on her way to China. lalinn’s New War Vessel. SAN FRANCISCO. Jan. 6.—A1l the men that can conveniently work on the Japanese war vessel Chitos, now in course of construction at the Union iron works, are busy putting the finishing touches on her huge body. The vessel will be launched Feb. 20. The KhnUfa's Movements. LONDON, Jan. 7.—The Marseilles correspondent of the Daily Telegraph says: "I learn that a week ago the Khalifa sent his women and treasure from Omdurman (on the Nile opposite Khartoum) to the south, and that he then proceeded twenty miles northward to Kerreri. where the Dervish force is assembled. As he possessed no safe means of adv. nelng .against Berber (the extreme southern point of the British advance). it is believed he intends to operate against our lines from the west bank of the Nile.” Bubonic Plague Victory. BOMBAY, Jan. 6.—The plague returns for the past forty-eight hours record 142 new cases and 1% deaths. There is a general exodus of the population and a suspension of business is threatened. German Doctors Are Skeptical. BERLIN. Jan. 6.—Prof. Rudolph Virchow, Prof. Hertwig. Prof. Guszrowow, Prof. Munk and Prof. Ohlshauscn are all skeu-

tical as to the professions of Dr. Sehenclc, professor at the University of Vienna, and president of the Embryological Institute, that he has discovered the secret of exercising an influence over animals and men so as to flx the sex of offspring. Job for an Ex>Kins. BELGRADE, Jan. 6.—A royal decree has been gazetted reorganizing the Servian army and appointing ex-King Milan com-mander-in-chief. Cable Notes. Emperor William has decorated Baron Von Bulow, the German minister of foreign affairs, with the Order of the Red Eagle. Emperor William will attend the coronation of V ilhelmina. Queen of the Netherlands, next September. The German legation at The Hague has rented a palace for his accommodation. The Berlin papers anticipate that Belgium will shortly call a conference for the abolition of the sugar bounties. Germany and Austria have already intimated to Belgium their willingness to send delegates. Gen. Stewart L. Woodford, the United States minister to Spain, is preparing to entertain the diplomatic corps at a banquet on the occasion of the arrival at Madrid of M. Jules Patenotre. the new French ambassador to Spain, who was formerly French ambassador at Washington. VIEWS OF AN EXPERT. George C. Bid well Discusses the Bogus *IOO silver Certificate. WORCESTER, Mass.. Jan. 6.—ln an interview with George C. Bidwell, the “Bank of England forger,” concerning the new counterfeit one-hundred-dollar silver certificates, he said that if they were issued in large quantities they were probably made by some skillful engraver who is or has been in the employ of one of the great banknote companies. It is doubtful if they were made by hand, and they were probably divided among a number of operators. Calculation had been made for the time necessary before one of the notes was liable to reach the treasury and be detected. On the othe* - aand, in case only a few' certificates appear, it will show it was the work of some engraver or photographer who wished to make a few thousand dollars with comparative safety.

LIGHT OF THE WORLD ■ ♦ NEW ILLUMINATING GLOBE CONSTRUCTED BY A LOGANSPORT MAX. Description of the New Invention Heads Like n Story of Keeley’s Mysterious Motor. PITTSBURG, Jan. 6—The Logansport (Ind.) correspondent of the Dispatch says: N. B. Nickum, inventor of the new light which he claims will revolutionize the process of illumination, is inaccessible to all callers. The doors his workshop in this city are locked. When the Dispatch correspondent climbed the narrow stairs leading to the rooms from which it is claimed the light of the world will soon issue, no response cams to the knock, although signs*of activity were heard from within. The inventor’s brother, T. B. Nickum. was seen, however, and through him the following statement as to the new light was obtained from the inventor: "The light is contained in a round glass globe, or sphere, in which so-called gravitation Is cut off. The light can be made of almost any brilliancy from the size of a pea to that of the most powerful arc light, and, when the globes are once made and sealed, remains constant forever thereafter. There are no wires and no electric current is used, but the light never goes out, and when not in use can be placed in a bureau drawer or any convenient place until needed. The globe Is cold, there being no loss of heat or movement from the interior to the outside. There is no possibility of a fire resulting from the use of the light, for the Instant there is a crack In the globe the light will be extinguished. They can be broken in a keg of gunpowder without the slightest danger of an explosion. "The nature of construction or process by which this new light is produced the inventor will not at present make public, but a light produced by the ever-present and perpetual vibration of matter is an accomplished fact, and a practical exhibition of the light will be made in the near future, 1 "A book by the inventor of the light, which has been in course of preparation for several years, will be. given to the publishers. This book will explain how energy operating upon matter produces the various changes in nature. It will be shown that there is but one kind of power and but one kind of matter. The old theories are shown to be incorrect. The theory of gravitation is proven false. There is no such thing as attraction between masses or atoms. They are driven together by force and separated or knocked apart by force. "A vacuum is absolutely impossible of production. The supposed atmospheric pressure of fifteen pounds to the square inch is not less than ninety tons to the square inch or thereabouts. I.igh is a high period of moving atoms to and from a center, the center atoms being made to vibrate so rapidly that the eyes are made insensible to such movement. In this is involved the principle of the new light.” The ns'N.V light has been exhibited to a select few of the inventor’s friends in this city, one of these being John W. Barnes, of the firm of Louthian & Barnes, proprietors and publishers of the Daily Pharos. The light was exhibited to Mr. Barnes under the pledge of secrecy, but when seen by the Dispatch’s correspondent Mr. Barnes admitted that he had seen the new light in Mr. Nickum’s workshop, and, when asked to describe it, he said: "It is in the form of a glass blobe, the light inside being of a mellow color, much like what would be produced by covering an incandescent light with a white groundglass globe. The lamp had no connection with any outside object that could have produced the light. The illumination was from within the globes and was produced by chemicals in a so-called vacuum, bottled up and sealed tightly. How long the light may last 1 have no way of knowing, Lut the inventor says it is perpetual." ROBBER KILLED. Forced to Jump from a Train That NV an CroMninK a Trestle. ST. LOUIS, Jan. R —Charles Dayton, who Is supposed to have lived at 115 Fourth avenue, New York, was found dead under a railway trestle across Cahokia creek, in East St. Louis, 111., to-day. He is supposed to be one of two robbers who were thrown from an Illinois Central train last night, after attempting to rob a passenger in the smoking car. The two men got on the train at East St. Louis just as it was pulling out from the relay depot and took a seat at the back of the smoking car. After the train had passed the viaduct and was going at considerable speed the men arose and approached a prosperous-looking man, who sat about the middle of the car. They asked him to change a bill, and when he drew a roll of money from his pocket for that purpose one of the robbers grabbed it. In the fight that followed between the robbers and passengers one of the former jumped from the Lain and the other was hurled to the ground. The conductor was informed of the robbery, but did not stop the train. Only sl2 was secured by the robbers. Dayton, who was identified by memorandum found in his pocket, is supposed to have formerly been i\ property man for some theatrical company. DEMENTED MAN'S CRIME. Brained His Wife and Danshter und Then Shut Himself. BRISTOL, Tenn., Jan. 6.—ln a fit of insanity this morning Alexander Carter, a wealthy citizen of Greenville, killed his wife and nlneteen-year-old daughter Montle while they slept, then shot and killed himself. Carter brained his wife and daughter with an ax. He is suid to have been mentally unbalanced for some time.

BARGAINS At The Big Store This Week’s SPECIAL OPPORTUNITIES Every man who desires to save money should pay attention to these helps we give him. sale cf Suits and Overcoats “Cleaning-Up” prices on all our broken lines—the best sellers of the season. Not over 150 Suits and Overcoats in the entire lot. Take your pick of all the $7.50 SUITS and OVERCOATS, . . . $5.00 SIO.OO SUITS and OVERCOATS, . $6.75 $12.50 SUITS and OVERCOATS, . . SB.OO $15.00 SUITS and OVERCOATS, . . $9.75 S2O and $22.50 SUITS and OVERCOATS, $15.00 $25 and S3O OVERCOATS, . . . $20.00 All lots of four, or less, of a kind, are included in this sale. The garments have been placed on a separate table—the original prices are on them —make your own selections.

BOVS’ CLOTHING All broken lines of Knee Pants Suits, where the lots are down to one, two or three of a kind—go at Half Price 75 Blue Chinchilla Reefers, deep sailor collar, sizes 3 (J| A A to 7, $2 value 75 Blue Chinchilla Reefers, ulster collar, sizes 8 to 15, {? A $2.50 value pl 3U The Great Shoe Sale All our Hanan’ss6 winter- A weight Shoes *0 All cur Hanan’s $5 winter- C 7 ftC weight Shoes pos7s All our $4 winter - weight *) Q r Shoes p£.Ot) Boys’ solid Leather Shoes, I $1.50 value

The Victor Athletic Goods —Boxing Gloves, Punching Bags, Foot Balls, Athletic Shoes, Golf Sticks, Caddy Bags, Bicycle Hose, etc. —still being sold at exactly HALF PRICE.

AFTER AMERICAN DOLLARS. John E. Redmond, M. P., nn Irish Agitator, Arrive* nt New York. NEW YORK. Jan. 6.—John E. Redmond, M. P., and Henry Robert Guiness, champion amateur oarsman of Great Britain, arrived here to-day on board the steamer Teutonic from Liverpool Mr. Redmond has come to this country to lecture in various places on the rebellion of 1798, and in a general way will endeavor to arouse the interest of Irish-Amcricaus in the proposed pilgrimage to Ireland next July, which will celebrate the rebellion. Regarding the rumor that the British government might interfere with the centennial celebration in Ireland, Mr. Redmond said: "England dare not try to interfere with or suppress the celebration. She is wrapped up in so many complications in the East and elsewhere that she cannot afford to meddle with the private affairs of Ireland. The truth must be known about 1795. The pecple cannot be bulldozed any longer." Mr. Redmond said it was not true that the Irish people w-ere on the verge of famine, although there was some distress in certain sections of the country, “i here is no widespread distress," he continued, “because the people are still using- last years crop of potatoes. This year's crop is bad and distress may ensue when last year s crop gives out.” Regarding the bills now before the House of Commons with regard to the relief of the Irish tenantry, Mr. Redmond said: “Balfour has an insane notion that if we succeed in getting a good bill for Ireland that then we shall be satisfied and give up the fight. We will let him keep his insane notion, and we will use it as a weapon to get something add! tionald^^^ ————->t——— Mrs. Winslow’* Soothing Syrup Has been used over fifty years by millions of r'others t'or their children while teething with uerfect success. It soothes the child, softens the eon’s allavs pain, cures wind colic, regulates the bowels, arid Is the best remedy for diarrhea, whether arising from teething or other causes. For sale bv druggisis ,n every part of the world. Be sure and ask for Mrs. V. inslow's Soothing Syrup. 25 cents a bottle. Assist Nature in her efforts to shake off a cough or cold, or she may revenge herself by giving up the contest. Remember that with Hale’s Honey of Horehound and Tar for an ally, she will extinguish the worst cough in a few days. Sold by all druggists. - , , Pike's Toothache Drops cure in 1 minute. RED ROUGH HANDS Itchincr, scsly, bleeding palms, shapeless nails, and painful linger cuds, pimples, blackhtads, oily, nv.ttiy skin,dry, thin, and falling hair, itching, scaly scalps, alt yield quickly to warm baths with Cuticuua Soap, and gentle anointings with Cc’TictiKA (ointment;, the great skin cure. (Qticura Is sold throughout tbs world. Pottsb Dsro wn Cuus. Cote . Sole Prop*., T?o*tnn UHT* •' How to Produce Soft. White Uands,” fro*. ITCHING HUMORS Ctmvcns iLssuistT

FURNISHING GOODS 35 dozen Fancy Percale-Bosom g* A _ Shirts, $1 value O/C Norfolk and New Brunswick full fashioned Underwear, $1 Cashmere Hose, 35c value., 21c HATS Your pick of our finest stiff or soft Hats, $3, $3.50 and PA $4 values p£OU Any Tam in the house, $1.50 (£| A A and $2 values paUU Men’s AU=Wool Pants The greatest Rants Sale of the year. All-wool Rants, in hair lines, solid colors, checks or plaids, $2.50, $3 and $3.50 values,

AMUSEMENTS. FNfil ISH’S Operated by JullULdOll 3 The Valentine Cos. TO-NIGHT AND SATURDAY MATINEE, Mr. Sol Smith RUSSELL A BACHELOR’S ROMANCE. SATURDAY NIGHT, A TRIPLE BILL . MR. VALENTINE’S CHRISTMAS. TAMING OF THE SHREW. THE SPITFIRE. PRICES—Night: Lower floor. $1.60 and $1; balcony, 75c and 50c: gallery, 25c. Matinee: Lower floor, tl and 75c; balcony 75c and 50c; gallery. 25c. MONDAY, .lAN 10. 11 TUESDAY, 1U *1 /TnE FAMOUS ORIGINAL # BOSTONIANS € In Victor Herbert's New Opera, THE SERENADE As sung by the Bostonians 150 Nights at Knickerbocker Theater, New' York. PRICF.S—Lower floor, 1.50; balcony, sl, 75c, 80c; gallery. 25c Scats now on sale. GRAND TO-NIGHT, IVi "Vi. 2,'ic and s(lc Mutinec Saturday. MR. CLAY CLEMENT ah lln ron Holienatnaffen In Tlie Xew Dominion PRICES—tI. 75c, 50c. 25c. Matinoe: Lower floor, 50c; balcony, 25c. Seats at Pembroke. MONDAY EVE, Jail. 10, The Columbus of the Century—ln His Thrillingly Illustrated LECTURE, “Earthest Nortti” PRICES—Orch. and side boxes. 11.80; dress circle, ¥1; balcony (reserved), 76c; admission, 50c. Seats at tlie Pembroke. PARK | To-Day, J £ 3; | . ■ THE POPULAR DIALECT COMEDIAN, SAM MORRIS In the thrilling comedy-drama. “ON THE YUKON” A Great Scenic Production of the Klondike. PRICES—IOe, aOc, UOe. Matinee Daily. EVERYBODY GOES TO THE PARK. Next week—-llopkina’s Trans-Oocanies." EMPIRE Delaware aad Wabash Matinee at *4. Tn-Xlglit at 8. I Os, 15c, 45c. 15c. 45c. stc. ROSE SYDELL’S LONDON BELLES Comedy. Vaudeville and Extravanganza. TO-MG HT—Ha le-M arltn rger t on teat COMING—Reilly A W ood’a lllg Show. INDIANA UNIVERSITY Glee Club ROBERTS PARK M. E. CHURCH, N. E. cor. Delaware and Vermont, FRIDAY EVENING, : : January 7 Tt' ketson saleat Wulschner’s Music Store. NO RESERVE. . ■■■■■■■■a 3FSAL*. STENCILS. STAMPS. ftniWHinSL''sEALs'^r M STENCILS.STAMPSi PHSE BADGES.CHECKS Ac. V iiLrtTEUJS6. 15 SLMERIDLAN St Gwuhd Fiona. \

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