Indianapolis Journal, Volume 48, Number 308, Indianapolis, Marion County, 4 November 1898 — Page 4

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THE DAILY JOURNAL FRIDAY, NOVEMBER 4, 1898. Wasbiagtco Office—lso3 Penegylvania Avenue Telephoae Call*. Buglness Office 238 | Editorial Rooms M TERMS OF SUBSCRIPTION. DAILY BY MAIL. Daily only, one month $ .70 Daily only, three months 2.00 Daily only, one year 8.00 Dally, Including Sunday, one year 10.00 Sunday only, one year 2.00 WHEN FURNISHED BY AGENTS. Dally, per week, by carrier 15 cts Sunday, single copy 5 cts Daily and Sunday, per week, by carrier.... 20 cts WEEKLY. Per year SI.OO Reduced Hates to Club*. Subscribe with any of our numerous agents or •end subscriptions to the JOURNAL NEWSPAPER COMPANY, Indianapolis, Ind. Persons sending the Journal through the mails In the United States should put on an eight-page paper a ONE-CENT postage stamp; on a twelve or sixteen-page paper a TWO-CENT postage stamp. Foreign postage is usually double these rates. All communications Intended for publication In this paper must, in order to receive attention, be accompanied by the name and address of the writer. THE INDIANAPOLIS JOURNAL. Can be found at the following places: NEW YORK—As tor House. CHICAGO—PaImer House, P. O. News Cos.. 217 Dearborn street. Great Northern Hotel and Grand Pacific Hotel. CINCINNATI—J. R. Hawley A Cos.. 154 Vine street. LOUISVILLE—C. T. Deering, northwest corner of Third and Jefferson streets, and Louisville Book Cos., 25$ Fourth avenue. ST. LOUlS—Union News Company, Union Depot. WASHINGTON, D. C —Riggs House, Ebbitt House and Willard’s Hotel. Among the suspensions of the week is that of the Sentinel-Gruelle calamity bureau Oimlted). Earnest Republicans should not wait to b 8 Invited to do all they can to bring out a full vote on Tuesday. It is a misfortune to belong to a party which is obliged to cry down local prosperity to help its ticket. The man who prefers the times of 1896 to those of 1898 can make no mistake in voting the Democratic ticket. It Is fitting that Leon Bailey should howl calamity, since any constituency that would elect him must be in the throes of desperation. The man who votes for Leon Bailey indorses the slanders of the Sentinel regardInR the condition of the industries of Indianapolis. Whatever weaknesses the war may have disclosed In our volunteer system or army organization, it has not added anything to the merits of free sliver. The “Anti-Overstreet Republican ex-Sol-diers’ Club” is composed of one man, and he is not quite sure of himself. Leon Bailey wa3 the only really active member. All the 16-to-l silverltes will vote for Leon Bailey; therefore, all those who are opposed to the United States going to a silver basis should vote for Jesse Overstreet. Several thousand men In Indiana who were Idle or working half time two years ago, and who have steady work and good wages How, can testify to the better times. The Democratic party is making the present campaign on typhoid fever. If there had been an epidemic of cholera and smallpox it would feel far mors confident of success. Several thousand men will vote for Leon O. Bailey for Congress who, If their lives depended on It, could not explain what Is meant by free silver at 16 to 1, nor define bimetallism.

David B. Hill declares in New York that the silver issue is dead, but Duvld Turpie declares that it was never more alive. Unfortuvately, most of the Democrats are in accord with Turpie. Generally speaking, one vote is as good as another, but on election day a vote in the box as early as 2 o’clock is worth a little more to the party organization than one which has to be looked up. The copartner of the Sentinel in the literary bureau for the pioductlon of artificial calamity is an ex-member of a union. Thi3 is as unfortunate us Leon Bailey’s experience with a Knight of Labor. As nearly as can be made out from Democratic speeches the Spanish war was a Democratic war, prosecuted by a Republican administration. The victories yere Democratic and the mistakes Republican. The Democratic state committee. Green Smith and the rest of the managers were behind the conspiracy to disfranchise the soldiers of the Marion home. They desisted when the Supreme Court declined to be made an accomplice to the crime. When the official term of Col. Harry B. Smith shall close, it will not be found that 114,000 of the school funds have been lost by bis Ignoring the laws. His competitor has admitted that, while he was in charge of the school funds, the amount lost is over *IO,OOO. | An Increase of JW.OOO In the debt of Marion county in three years, and that with a steadily Increasing assessment, shows the demands of Taggaitism. And Thomas Taggart’s man Friday, who assisted in piling up this debt, is now Thomas Taggart’s candidate for auditor. It is true that Republican senatr-s differ In some respects as to the course to be pursued In regard to the Philippines, but they do not differ for the sake of differing, as will the Democrats of the Turpie stripe. The latter will be opposed to the policy proposed by the President, whatever It may be. Twenty-three Indianapolis concerns which employed 3.150 people In 1897 employ 5,140 this increase of 1,990, or 63 per cent. These figures were taken by the state factory Inspector. The Sentinel-Gruelle calamity bureau doubtless discovered that these employers have all the help they peed. - A Parts paper, discussing the possibility of war with England, suggests that “a revolution might break out in Ireland the moment war was declared.” This Is about as desperate a catching at straws as the Spanish prediction in case of war with the T’nited States of an insurrection in South. An interesting prosperity item comes from Brazil, Ifcd., where the Central Iron and Steel Company paid for labor during the per ending July L 1888, the sum of H0i,371, as against 174.868 paid during the year ending July 1, 1886, the payment* being for the

same number of laborers and without any Improvement or enlargement in the plant. The difference Is owing to the fact that the establishment is running full time and paying good wages now, whereas two years ago It ran only part of the time and paid less wages. A GOOD PARTY TO LET ALONE. We Americans claim to be a shrewd and practical people, but we do not always show it In our politics. We often allow popular clamor and party spirit to dictate policies that are neither practical, shrewd nor wise. We came dangerously near doing so in 1896, when the people cast 6.500,000 votes in favor of free silver, cheap money and free trade, against 7,100,000 for the gold standard, sound money and protection to home industries. A comparison of present business conditions with those which would exist had Bryan been elected instead of McKinley will show how great a peril we escaped. The present situation offers the same choice between wise arid unwise policies, between a line of action that is distinctly American and one that is distinctly unAmerican. In this situation what does the Democratic party offer? For one thing it is offering free silver, which was condemned and rejected by the people two years ago. Have sound money and protection proved a failure, that the people should repudiate them after having indorsed them two years ago? Is free silver any less a menace to prosperity now than It was then? Why should a people who were wise enough to reject these policies two years ago be asked to adopt them now? Is the Nation less practical, less wise and less honest than it was two years ago? The Democratic party seems to think so. Turning to war Issues we find tjie position and policy of the Democratic party all summed up in criticism of the administration and the conduct of the war. When important issues are pending, Issues of great national concern, involving the acquisition and government of new territory and the formulation of new policies, the people have a right to expect from a political party something more than mere criticism and abuse of the administration. But this is all the Democratic party has to offer. The war with Spain, which has brought victory and glory for our arms, honor to the flag, prestige to the American name and new possessions in two hemispheres, has brought for the Democratic party nothing b\t an opportunity to abuse their own government and the people's President. If the American people are wise they will not commit the great business interests of the country and the honor and welfare of the Nation into the keeping of a party which offers no policy, but simply protests and yawps. A mule can bray and kick, but that does not make him a safe political leader. Stupidity is not statesmanship. A party whose past record is one of failure and which gives no promise of reform is a good one to let alone.

A SCHEME TO BE THWARTED. Recent, dispatches dlsclbse a scheme regarding the Nicaragua canal which the government should not allow to succeed. The word scheme is not used in a disreputable sense, but simply to characterize a commercial project which, though perhaps legitimate in itself, is opposed to the interests of the United States. The dispatches stated a few days ago that the Nicaraguan government had granted anew concession for the construction of the canal to an American syndicate of capitalists. According to the dispatch the new concession is in the nature of an option, to take effect at the expiration of the present contract with the Maritime Canal Company. The latter is the project in which the government of the United States has shown an interest, Congress having appropriated $39,000 for the expenses of a government commission to examine the canal route and report to the President, and a bill having been introduced authorizing the government to guarantee the company’s bonds to the amount of $704)00,000, the government to have control of the canal, and eventually to become the owner of it. The act to incorporate the Maritime Canal Company was approved Feb. 30, 1889, and the company’s concession will expire Oct. 9, 1599. The new concession provides that if work is not begun under the existing contract before the date last named it shall lapse and the new concession shall take effect. This would leave the government of the United States “t|ut in the cold,” without any interest in a canal contract and entirely at the mercy of the new syndicate. Moreover, it would leave the way open for the new syndicate to make terms with some other government or to construct the canal and sell a controlling Interest to a foreign government.; _ This situation should not be permitted to come about. The canal should be built by the aid and be under the control of the government of the Untied States. No syndicate of private capitalists, American or foreign, should be allowed to step in between the government and this great work, nor bar the way by an option to a renewal of the present contract of the Maritime Canal Company. Congress at its next session should either order the commencement of work on the canal under the present contract or should take steps for its extension. as it has a right to do under the terms of the contract. The enterprise should be kept strictly under government control, and to this end the new scheme should, be thwarted. LEON BAILEY’S ASSAULT. There is reason to believe that the plot to blacklist the industries and the prosperity of Indianapolis was devised by Leon Bailey. His speeches have contained a large element of calamity, and his cause would be helped If he could make any considerable number of voters believe his and the Sentinel's stories. The employment of Gruelle, and Gruelle’s employment of three unsuspecting men to make a canvass and get answers to questions prepared by hinf and those behind him, indicate the methods of the ”sliek” person rather than those of the managers of a newspaper. It is probable that Leon Bailey is the big man behind the taking of the “statistics” of whom Gruelle mysteriously spoke to the three men. The Sentinel, however, will be the sufferer. It is already denounced by people connected with the Industries of the city. Mr. Bailey may not yet know it, but when the votes shall be counted he will know that it does not pay to raise the black flag of distress over a prosperous city. That he has done so in speeches and in the Sentinel proves to people of fair sense that he would have a general prostration of business and the resultant idleness and suffering if it would further his political ambition. He realizes that every factory running with a full force and having ordeirs ahead is an argument against hia ejection. So realizing, he devised the plot to blacklist the Industries labor. If had taken time to consider the effect of such a plot, he would

THE INDIANAPOLIS JOURNAL, FRIDAY, NOVEMBER 4, 1898.

not have entered into the conspiracy. The desperate do not consider. Those who can never get rid of the impression that most people prefer being humbugged to being treated as reasonable beings are sure to fall into just such blunders as the effort to make the people believe that business and industry are even in a worse condition than they were two years ago. Indianapolis is a city surrounded with competitors—Cincinnati, Louisville, St. Louis and Chicago. More than its larger competitors, it depends upon the number and prosperity of its manufactures. To create the impression that labor here has less employment than two years ago, when all other cities and all the papers in them declare that the conditions are vastly improved, Is to discriminate against Indianapolis. It gives the impression that manufacturers are not enterprising, lack capital, or are out of the channels of business. If such damaging stories as the Sentinel printed to help Leon Bailey were believed at home, the improvement of property would be stopped, credit could not be obtained, and the employment of the labor necessary to keep a prosperous city in repair would cease. Leon Bailey and the Sentinel, when they conspired to blacklist the prosperity of Indianapolis, must have known that they were assailing the welfare of the city. THE ASSAILED AND HIS ASSAILANT. At the outset let it be said that anything called "Silver Republican” in Indiana is as much a fraud as is a counterfeit trademark or bank note. It is so because its purpose is to mislead by causing men to believe that the persons who call themselves “Silver Republican” coinmittees are Republicans in all else, when, as a matter of fact, most of those who act officially are the most pronounced and persistent assailants of the Republican party in all things. Nine-tenths of them are disappointed placeseekers whose silverism is a pretext to gratify personal revenges. Furthermore, there can no more be a Silver Republican than there can be a white blackbird or a Baptist Episcopalian. Therefore, every man who uses the name Silver Republican hides himself or attempts to hide himself in a disguise to deceive. Two years ago a few well-meaning men who had been Republicans to that date voted the Bryan ticket because they were deceived by the falsehoods of “Coin” Harvey. Three-fourths of them, who are honest, are back with the Republican party again. The disgruntled place-seekers are more venomous and mendacious than ever. If they were manly they would attach themselves to the Democratic party. Under the name of the head of the Silver Republican committee circulars have been sent to nearly every Republican in Marion county, assailing the so-called Overstreet bill. Os course, it is full of lies. It is a lie to assert that it is a bankers’ bill, because many bankers oppose it, as does the president of the Bank of the State of Indiana. It says that the bill creates a banking monopoly, and contradicts that statement by saying that any bank can issue paper on its assets. It gives the impression that the bill is before the House, when a part of the House committee on banking has agreed to a different measure. But what else could be expected from men who are masquerading as Republicans except when 16 to 1 is the issue?

A large part of the circular is an assault upon the integrity of Mr. H. H. Hanna, of this city. It is called “the Hanna and bankers’ trust,” when there was not a national banker in the monetary convention. The Hanna and bankers’ bill Is denounced as a “vicious and corrupt scheme.” The author asserts that Mr. Hanna and the champions of the bill have tried to keep it from the public, w T hen full abstracts of it have been printed time and again, and copies of the bill can be obtained, as are other bills, for the asking. The people of Indianapolis know Hugh H. Hanna. They know him to be a high-minded, publicspirited man, who lends a helping hand to every charity and everything that will pro- , mote the interests of this community. They know that Mr. Hanna is not a banker or a speculator, but a man who Is a constant borrower of money to operate an enterprise that employs hundreds of Intelligent mechanics. Who Is his assailant? Who is the man who connects Mr. Hanna’s name with a “corrupt scheme?” Flavius J. Van Vorhis. It is enough to say that the people of Indianapolis know both these citizens. S. M. Ralston, Democratic candidate for secretary of state, continues his campaign of personal solicitation, by mail. Indianapolis Democrats who voted for McKinley two years ago on the money question and who are now receiving Mr. Ralston’s circulars soliciting their votes recall that on July 27, 1897, the Sentinel published a speech of his in which he characterized the men who attended the national Democratic convention in this city as “a medley of plutocrats, trust representatives and dudes,” and said: “1 reiterate that a man was never a Democrat who assisted in the election of McKinley. Let it now, henceforth and forever, be understood that no man was a Democrat who joined in foisting upon the country an administration that will surely be recorded by the honest historian of the future as an administration of pirates.” Having thus read sound-money Democrats out of the party Mr. Ralston can hardly expect them to come back Just for the honor of voting for him. From Nov. 3, 1891, to Oct, 10, 1895, Thomas Taggart, as auditor of Marion county, drew salary amounting to $55,694.98. Most persons would call this good pay for such services as he rendered, but in addition to this he drew $87,908.95 for fancy services and on claims, making a total of $143,503.93 In a litless than four years. And Mr. E. M. Johnson, who helped to turn this stream of wealth into Mr. Taggart’s pocket, is now Mr. Taggart’s candidate for auditor. The first results of the compulsory education, or truancy, law in this State fully vindicate its necessity and merit. An addition of 21,000 to the average daily attendance in the public schools and of 1,300 more in the parochial and private schools of the State shows that it was high time for the State to act in the suppression of illiteracy. These beneficial results in the first year of the law will be cumulative in future years, and the expense of enforcing it less. If it should turn out that the unavoidable hardships and sufferings of a military campaign are sufficient to reverse such a majority as that which the people gave two years ago for sound money and protection, future Presidents will be very reluctant to mobilize an army of volunteers in the face of an election. The thing which worries E. M. Johnson more than anything else is the unknown number of Democrats who are carrying double-edge knives in thedr boot-legs. They are quite numerous. has been

long in public office, and very naturally he has stepped on quite a number. Besides, the silver “push” feel that there is no hope for them so long as the faction represented by Mr. Johnson directs the machine. According to the reports of the state factory inspector four Muncie manufacturing concerns that employed 532 hands last year employ 983 this year. This is an increase of 85 per cent. It Is not probable that other industries will show anything like the gain of the four quoted, but an all-round gain of 10 per cent, from 1897 would mean a most unusual increase. In three years and eleven months Thomas Taggart drew out of the county treasury $143,503, a large proportion of which' was for services for which vouchers are not on file or which were covered by his salary. And Mr. Taggart’s deputy, who assisted him in pocketing every dollar of the money, Is now Mr. Taggart's candidate for auditor. If all that Democrats aver regarding the alleged mismanagement of the war were true, what good would it do to put them In power? Admitting, for the sake of argument, that all their charges against the War Department and the administration are true, a free-silver House of Representatives would be no remedy. Feb. 7, 1898, when the Sentinel printed twelve columns of interviews with business men showing a general and marked improvement, it was laboring for the public welfare. When it misrepresented the industries of Indianapolis it sacrificed itself to help Leon Bailey and the silver-mine owners. BUBBLES IN THE AIR. Love’ll Avowal. "Dearest,” impassionediy said the soldier, as he clasped her little brown hand, "you are the only Philippine woman I ever loved!” Revision Needed. “A man can die for his country but once,” said the Court Philosopher. “I presume,” was the Chinese Emperor’s comment, “that you are quoting something written before my day.” That Ancient Fable. The Sun and Wind were discussing, for the thousandth time, the Man with the Cloak. “Just to think how I blew myself.” said the Wind, “and he would not open up.” “Ah.” said the Sun. “But you did not show him as warm a time as I did.” Tronble in the Camp. “There seemed to be a rather acrimonious discussion going on as I went by headquarters.” “Yes,” said the Salvation Army captain, sadly. “Brother Jones, who beats the drum, happened to say to Brother Smith, who does most of the preaching, that actions spoke louder than words.”

STATE PRESS OPINION. Stand by the President is a campaign cry that the Democrats cannot ridicule.—Marion News. The announcement of a Republican victory next Tuesday will be accepted by Spain as our ultimatum.—Goshen Times. Sound money and protection have restored prosperity, and if these policies be sustained prosperity will remain.—Middletown News. Prosperity and plenty are visible on every hand. Let us not go back to the old period of hard times. Let us stick to honest money and a protective tariff.—Vincennes Commercial. Every witness the copperhead press and politicians counted on in the war investigation has gone back on them. There is no balm in Gilead for the assistant Spaniards. —Greensburg Review. The Democrats of North Carolina are going to “protect” the ballot box with the shotgun. The Democratic party is always desperate when it undertakes its reforming with a shotgun.—Madison Courier. The Democrats want men who have deposited or invested 100-cent dollars to be paid in 40-cent dollars. The beauties of this scheme should not be very apparent to the workingman, the man who is most often appealed to by the Democrats. —Lafayette Call. In time of war the Hossier is ready to shoulder his rliie and go to the front. At such times patriotism beats high in his heart. But the Hoosier can do nothing nobler on the Bth day of November than to vote the Republican ticket and uphold the McKinley administration in its work finishing the war with Spain—Evansville Journal. The success of the Democratic ticket next .Tuesday would mean the condemnation of the administration, the belittling of the magnificent victory won by our gallant army and navy, the encouragement of Spain in her efforts to strip that victory of its legitimate fruits by cunning diplomacy, and the announcement to the world that partisanship is placed above patriotism in this country.—Winchester Journal. Indianapolis is one of the most evenly prosperous cities in the country, and it passes the comprehension of the business men there why it should be maligned and misrepresented by the Sentinel. The condition of Muncie is proportionately as good as that of Indianapolis, and the only black eye it has received is from the local duuveyors of calamity, who hope to gain a few votes by slandering the city and its business men.—Muncie News. James Whitcomb Riley’s Creed. From Interview in Rochester Herald. “I don’t believe in dressing up nature. Nature is good enough for God; it’s good enough for me. 1 tell you the crude man is generally moral, for nature'has just let go his hand. She’s just been leading him through the dead leaves and daisies. When I deal with such a man I give him credit for every virtue: but what he does—the way he does it—is his action and not mine. In this world we have got to conform, not reform. Try reforming and sooner or later you have got to quit, because it’s always a question of politics. You start off with a reform idea—that Is, a moral proposition. You end up by doing something politics. I believe a man prays when he does well. I believe he worships God when his work is on a high plane; when his attitude toward his fellow-man is right, I guess God is pleased with him.” Ilifgli-Priced Songs. Springfield Republican. Lillian Russell seems to have broken a record in Germany by singing in Berlin at S4BO a night. The Musical Courier, which follows German news very closely, declares that the highest price ever paid in that country for a. soloist, either in opera or in concert, was $336, paid to Petchnikoff. the Russian violinist. The ordinary price for a singer or player in the front rank of his profession is from $l2O to $144. No wonder that foreigners look on America as a gold mine, when a small city like Springfield can pay Calve $2,750 for two songs! Schoolbook Profit*. Boston Transcript. Mr. Edwin Ginn, the Boston publisher, formally opened his new stable in Winchester last evening by a gathering of friends, old and young. The stable is a magnificent structure In brick and marble, finished throughout in hardwood, and containing, in addition to the usual accommodations for the animals, apartments for the gardener and family. A “barn dance” was held in the carriage room. About one hundred guests were present. Short Memories. Chicago Post Have the “red shirts” of North Carolina forgotten the early sixties? When they say there are not soldiers enough in the United States to keep them from having their rights, and then mention as one of those rights the placing of a bullet in the brain of any negro constable who carries a warrant for the arrest of a white man. they run grave risk of forcing history to repeat itself; He Has To. Washington Post. Colonel Bryan says he will go wherever his regiment is ordered. That la what most soldiers are expected to do.

TREASURER S REPORT RECEIPTS AND EXPENDITURES OP THE GOVERN 31 ENT. Net Ordinary Revenue* Gained J*s7>507,030 Last Fliieal Year and Expenaes Increased $77,094,423. WAR HAS COST $164,932,228 THAT AMOUNT HAVING BEEN PAID OUT UP TO OCT. 31. * Fluctuations of the Gold Balance, Issue of Bonds, and Other Statistics of National Interest. •—— WASHINGTON, Nov. 3.—The treasurer of the United States, Hon. Ellis H. Roberts, has submitted to the secretary of the treasury the annual report on the transactions and conditions of the treasury for the past fiscal year. The net ordinary revenues of the government were 1405,321,335, an increase of $57,597,630 over those of tAe previous year, while the net ordinary expenditures were $443,368,582, an increase of $77,594,423. The resulting deficiency of $38,047,247 exceeds that of the preceding year by $19,994,793. • In the receipts are included $64,751,223 paid into the treasury on account of the sale of the Union Pacific and Kansas Pacific Railroads. Out of them were paid $29,850,952 of the bonds issued for the construction of the Pacitic railroads, which went to the increase of the expenditures. Up to the close of the fiscal year the increase of the expenditures on account of the war with Spain was $43,041,732 for the War Department, and $24,262,438 for the Navy Department. For the four months—July, August, September and October, 1898—the expenditures of the War Department were $107,520,368, being $81,613,131 greater than for the same months in 1897. For the same months this year the Navy Department expended $27,459,577, which was $16,014,926 more than it spent in the like period in 1897. Up to Oct. 31 the war with Spain added to the disbursements of these two departments the sum of $164,932,228. Independently of the prospect of revenue or expenditure, the treasurer regards the treasury as having been stronger at the close than at the opening of the fiscal year, the insignificant shrinkage in the amount of the assets having been more than compensated for in the improvement which took place in their character. Against a net loss of $7,500,(KX> in the total holdings available for the fiscal operations of the government, there was a gain of upwards of $26,000,000 in free gold, coupled with an increase of nearly $23,000,000 In absolutely secured deposits with banks, and these changes were effected at no greater cost than the loss of so much in biiver and treasury notes. TOTAL AVAILABLE ASSETS. The total available assets were $874,764,377 on June 30, 1897, and $839,606,736 a year later. By the addition of the unavailable assets carried by the department these totals are swelled to $904,411,576 and $569,202,941, respectively. On June 30, 1898, the traesurer’s liability to the general treasury fund was $775,751,368, with one of $66,465,160, sustained in his capacity as the depository of public officers, and one of $26,986,413 for moneys paid into his hands, but not yet covered by warrant into the general account. In every year, during the period of the movement of the crops, there is a demand in the producing parts of the country tor small notes. By forethought and care, during the past fiscal year and the autumn following it, an adequate stock of notes of different denominations was provided, and the exchange of small notes for large was readily made. The outstanding notes of the denominations of twenty dollars and under, which decreased in volume by $11,522,157, from Sept. 30, 1896, to the same date in 1897, increased by $41,057,037 in the twelve months ending Sept. 30, 1898. The gold in circulation rose steadily by $49,327,263, In the former of the two periods, and by $94,551,069 in the latter. 'The total currency of all kinds in circulation shows an increase of $96,539,249 in the former year and one of $137,755,854 in the latter, a gain of $234,294,103 for the two years. In answer to inquiries from the West >6,nd Northwest, the treasurer has prepared a table which shows the amount of capitai, surplus, undivided profits and deposits of the national banks in the territory of the Ohio and west of the Mississippi, in July, in each of the last three years. The aggregates for the three periods are, successively, $923,979,746, $918,252,479 and $987,840,166. While these figures do not show the resources of this sort in their completeness, they furnish irresistible evidence of the strength which this immense region has gathered in the instruments of commerce.

THE GOLD BALANCE. In a chapter in which the treasurer reviews the history of the net gold balance in the treasury, he says that prior to Sept. 1, 1898, the highest point which this balance had ever attained was $219,059,232, on April 3, 1888. On June 6, 1893, the amount was $89,589,36-1, the lowest in fifteen years, or from June, 1878. By the exchange of notes for gold with the banks the net gold balance was brought up to $103,:63.290 by Aug. 10, 1893. Another minimum maik was reached Feb. 1, 1894, at $65,438,378. By the proceeds of a sale of bonds, amounting to $58,660,917, the net gold balance was increased to $107,446,802 by March 6. Under reaction, however it again fell to $54,975,607 by the end of July, 1894. Another sale of bonds in November and December of that year brought in $58,719,710, and the gold balance on Dec. 4, 1894, was again $111.1*2,021. The remedy' was effectual for only a brief period, for on Feb. 11, 1895, the treasury held only $41,340,181 in free gold. Again bond;* ware sold, for which payments aggregating $65,428,056 were received from February to June. Thus the net gold balance was carried up to $107,591,230 by July 8, 1895. Once more the relief was but temporary, and by Feb. 8, 1896, the gold balance had fallen to $44,563,493. For the fourth time resort was had to a sale of bonds, which produced, up to June, $111,355,612, and brought the gold balance up to a maximum of $128,713,709, from which point it sank again by July 22, 1596. to $89,669,975. Since that month the reserve of $100,000,000 has not been trenched upon. With some fluctuations, the tendency of the gold balance has been steadily upward. The sources of supply have been the mines of the Northwestern States, Alaska and Australia, with importations from Europe, the customs and the hoards of the banks. Until the beginning of the calendar year 1898 the receipts of gold at the New York custom house were a negligible quantity, but in March they rose to 17.6 per cent, of the whole, in April to 52.7 per cent., and, after some fluctuations, reached 78 per cent, in September and 72.8 in October. .The tenders of gold from banks and individuals in exchange for paper have been greater than the resources of the treasury have enabled it to accept. The increasing product of the war revenue act, coupled with the proceeds of the war loan, gave Rise to a natural apprehension that the drain upon the currency of the country might create a stringency which would be harmful to business. To prevent such a result notice was given that all coupons falling due on Oct. 1 might lie presented for payment on or before Sept. 10, and that checks for interest on registered bonds of the same loan* would be sent out on Sept. 20 or as soon thereafter as they could be prepared. Asa further measure of relief a circular was issued by' the secretary of the treasury giving to the holders of $14,004,560 of Pacific Railroad bonds which fall due Jan. 1. !89t. the option of receiving payment of principal and interest In full, lass a, rebate of one-half of 1 per cant Tha

same option was afterwards extended successively to October and November. CONTRACTION AVOIDED. When it became obvious, by the sudden close of hostilities, that the demands on tha treasury would not reach the magnitude for which provision had prudently been made the secretary determined to deposit a large share of the proceeds of the popular loan in national banks in all parts of the country. By this process the funds, while at all times available for the use of the government, remained in the channels of trade The balance standing to the credit of the ticasurtr on this account on the 31st of October was $65,750,909. The result of these methods of dealing with the situation has been in all respects satisfactory, and the immense financial operations of the war have been eonducteu so that the money markets have been in no degree disturbed at any time. The only change of importance in the public debt was the payment of $29,850,952 of the Racific Railroad bonds. The remainder of this loan outstanding on June 30 was $14,133,560, all of which will be payable after Jan. 1, 1899. The gradual increase of the circulation of the subsidiary silver coins, which has drawn down the treasury holdings of them in the last fifteen years from $39,000,000 to a little over $9,0u0,000, the treasurer says, will soon make it necessary to provide a further supply of this class of currency. A noticeable improvement in the chief circulating medium, indicated by the diminished number of counterfeit notes and silt ver coins presented at the treasury offices, is counterbalanced in part by the large increase in the spurious copper and nickel coins in circulation, principally in the cities of New York. Boston and Philadelphia. No less than 69,625 pieces of this character were detected at the treasury offices during the fiscal year, as against 15,999 in the year before. The receipts of national bank notes for redemption for the year amounted to $67,112,660, as compared with $113,574,000 for tne year preceding. The total expenses of redemption were $125,924.35, and the annual assessment on the banks is at the rate of $1.29646 for each SI,OOO of notes redeemed. Asa result of the retirement of a large block of Pacific Railroad bonds there were unusually heavy deposits of lawful money during the earlier part of the year for the reduction of the bank-note circulation, but since the appearance of the new 3-per-cent, bonds on the market the volume of these notes has increased at a rate without precedent in recent years. ♦ . ■ MAY NOT BE RAISED. Work on Cervern’a Sunken Ship* Abandoned by the Government. WASHINGTON, Nov. 3.—Secretary Long said, this afternoon, that the government would take no further steps to raise the rest of the Spanish war ships destroyed by Admiral Schley’s fleet off the coast of Santiago, but thaLthe department would receive propositions to that end from any private firm that cared to undertake the work. He added that this determination was based on the report of the board of construction, which recently had a consultation on the subject with Naval Constructor Hobson, who w’as personally supervising the wrecking operations. The existing contract with the Merritt-Chapman Company will be abrogated, and operations entirely suspended on the Colon and other vessels, pending the consideration of propositions Irom private firms to do the work independent of the government. It is understood that there are two companies willing to undertake the work at their own risk; one a Swedish company and the other a company on the Pacific coast. No Rnle* for Bankrnptcy Cute*. WASHINGTON, Nov. 3.—The Department of Justice during thq past few days has been importuned by a large number of business men and lawyers to define the status of the involuntary feature of the bankruptcy law passed during the last session of Congress. Congress provided that when the involuntary feature of the measure should go Into effect it should be accompanied by a set of rules and orders formulated by the Supreme Court of the United States for its execution. The Supreme Court, not having compiled these rules and orders, some question was raised as to whether the law could be properly enforced at the time provided so 1. The Department of Justice to-day, however, held that the absence of these orders will not materially affect the enforcement of tne law% and that they are not absolutely essential to the execution of the act, and that there is no need to wait on, the Supreme Court rules. Miles at an Elks’ Banquet. WASHINGTON, Nov. 3.—Maj. Gen. Nelson A. Miles and “Corporal” Tanner were among the distinguished guests at the banquet given to-night by the Washington Lodge of Elks, in honor of the members of the lodge who served in the late war. The members thus honored were Maj. M. Emmet Ureil and Maj. Richard A. O’Brien, of the First District of Columbia; Capt. Chas. L. Beatty, of the Tenth United States Volunteer infantry; Corporal Samuel A. Boyie, of Battery A, Philadelphia, and Richard R. Burr, of the navy. General Miles responded to the toast, “Our Heroes,” and Corporal Tanner to “The Red Cross.” Captain Barker’s Squadron. WASHINGTON, Nov. 3.—A cablegram received at the Navy Department to-day announced the arrival at Bahia of the colliers Justin, Scandia and Sterling, so that Capt. Barker now has in that harbor ail of tne squadron with which he sailed for Honolulu. . General Notes. WASHINGTON. Nov. 3.—The President has appointed John C. Cline to be collector of customs for the district of Los Angeles, Cal., and Philip Mullen (acting boatswain) to be a boatswain in the navy. To-day’s statement of the condition of the treasury shows: Av liable cash balance, $300,846,888; gold reserve, $240,677,463. A memorial preparer. i y Charles Henry Butler and others has bv.cn presented to the President, asking that this government call an international convention to c insider the question of making private property free from capture on the high seas in time of war. The controller of the currency has appointed Isaac B. Cameron receiver of the First National Bank of New Lisbon, at New Lisbon, O. Albert Fox has been appointed a letter carrier for the rural free delivery service at Noblesville, Ind. The postmaster at Hammond, Ind., has been allowed three additional letter carriers, who will begin work Dec. 1. Postmaster General Emory Smith left here to-night for Wheeling, W. Va., where he will speak to-morrow night, proceeding thence to Cincinnati, where he will make his last speech of the campaign Saturday' night. The Passing of the Chimney. The Manufacturer. * In rebuilding a large machine shop recently it was decided to substitute for the usual tall chimney a large fan to furnish the necessary draught for the boilers, and the innovation has been decidedly successful, not only on account of doing away with the tall and unsightly chimney, but also in securing greater economy in fuel. The plant where this experiment was tried has three boilers aggregating 260 horse power, and directly above them was mounted a fan connected direct with a 5 by 4 double cylinder engine. The wheel of the fan is fiftyfour inches in diameter, and as it can be run at any desired speed, it provides a draught quite independent of the fire. It is here that the principal saving is effected, inasmuch as it is possible to use a much cheaper grade of coal, and in a test made for the company the annual consumption n.nd cost ot coal was computed as follows: With the ordinary form of chimney—Cumberland cool, 1,624 tons at $3.65, $5,929. Using the blower—mixture of Cumberland coal and yard screenings, half and half, at $2.82%. $4,995; showing a difference of $934. The cost of operating the fan was stated to be $lB3 per annum, so that the net gain was $751. a sum greater than the entire cost of the mechanical draught apparatus. The stack used is of metal and barely rises above the roof, according to photographs of the works, and from many standpoints the new system is considered a great improvement. No Suuphouße Schools. Chicago Chronicle. If Superintendent Andrews will address himself to the task of securing education in Chicago according to the constitution of Illinois und in fulfillment of the purpose for which school funds are raised from all the people of the municipality he will do well. His proposition to engraft upon the establishment the free lunch feature is not, to wise people, a welcome suggestion. It savors too much of paternalism, and the state in the true democratic idea is not a beneficent parent; it is merely an agency of government. If free lunches and free school book'*, why not free bats and shoes and jackv as?

THE NICARAGUA CANAL * * NO PROTEST AGAINST THE GRANTING OF A NEW CONCESSION. United States Has Merely Asked that the StHtus Quo Be Preserved tor a Time—The New Republic. s WASHINGTON, Nov. 3.—lt is said at tha State Department that our government ha® not protested against the reported action of the Nicaraguan government In granting a concession for the construction of the Nicaraguan canal to Eyre and Cragin. after th® expiration of the Maritime Company's concession next October. What the department has done is not of recent date, and consists solely in the making of representations to the Nicaraguan authorities to the effect that the United States deemed it only fair and proper that the status quo should b® preserved in matters relating to the Nicaraguan canal concession until the board.headed by Admiral Walker, has had a chance to report, and Congress an oppoprtunity to consider that report. This is, diplomatically, something very different from a protest. Th® reason that this action is taken is that the making of anew concession by the Nicaraguan government, even though it would take effect only upon the expiration of the present concession to the Maritime Canal Company, might operate to prevent the latter from obtaining an extension of its concession to which it might be justly entitled. In the event that Congress should legislate upon the basis of a construction of the work under the auspices of the Maritime Company this, of course, would seriously jeopardize the interests of the United States. At present the department is somewhat in the dark as to the details of the transaction at Managua, and has called on United States Minister Merry for a report on the subject. It is not probable that the peculiar action of the Nicaraguan government in hurrying this legislation through on the last day of the national independent existence cf Nicaragua will influence the State Department in its treatment of the subject for, so, far, in all iis dealings with the republics that, combined, for the greater republic of Central America, the State Department, following Secretary Olney s caution, has been careful to reserve rights, such as concessions to individuals, as well as governmental rights, in treating with the new reformed organizations.

THE NEW REPUBLIC. Terms of the Federation of Nlearaun, Honduras and Salvador. WASHINGTON, Nov. 3.—A complete transformation of the geography of Central America occurred on Nov. 1, by the birth of anew republic, the United States of Central America, and the disappearance of the republics of Nicaragua, Salvador and Honduras, except as States of the new union. Senor Corea, charge d'affaires of these republics during their transition stage, has received detailed information of the changes effected and the form of government of the new republic. As indicating the dignity and importance of the United States of Central America, Mr. Corea points out that it has a population of about 2,000,000, an area of about 110,000 square miles, a great stretch of seacoast on the Atlantic and Paciilo and the site of the Nicaragua canal, through which commerce will ultimately pass from ocean to ocean. The movement to form the new republio began on June 20, 1895, when the three presidents, Zelaya of Nicaragua, Guiterrez of Salvador and Bonilla of Honduras, formed the treaty of Amapala. This provided for a union on foreign affairs of the three countries and created a diet which directed these foreign affairs. It did not amount to a national union, however, and in the opinion of the Stale Department here it was not a government having the attributes of sovereignty, but merely a confederation of separate governments for the purpose of conducting their foreign affairs in common. The Diet, therefore, recommended the formation of a General Assembly, with twenty delegates from each of the three countries, to*draw up a complete constitutional union. The assembly met on June 20, last, the anniversary of the treaty of Amapala. On Aug. 27, last, a Constitution for the new republic was finally drawn up and signed, with due formality. The general character of the new government is shown in a communication received by Senor Corea from the secretary of the assembly. It states that the new order of things goes into force on Nov. 1, the name of the new republic being the United States of Central America, formed of Nicaragua, Salvador and Honduras. Provision is made for the admission of Guatamala and Costa Rica if they elect to enter the new union. A federal form of government is adopted, the boundary lines of the states being continued as heretofore, except as changed by each ceding one department to form a federal district, similar to the District of Columbia, where the seat of federal government is located. These ceded districts surround the Gulf of Fonsica, on the Pacific side, and the capital Is located temporarily at Amapala, on Tigre island, lying in the Gulf of Fonsica, The capital will remain here until the congress of the new republic select* a permanent site for it. The Constitution provides for a President, elected for four years by the direct vote of the people, with a provision against immediate re-election. It is provided also that the three Presidents—Zelaya, Guiterrez and Bonilla—shall not be eligible at the finrt election, thus removing all possibility of influences favorable to one of the executives. The President is made the commander-in-chief of the army and navy, and his functions are much in line as those of the President of the United States. The inauguration of the President is fixed for March 15 next, and in the meantime, from Nov. 1, the executive power will be vested in a council of three, elected by the General Assembly, those three being Matus, of Nicaragua, Gallegos, of Salvador, and Ugart, of Honduras. The presidential election occurs the first Sunday in December, and at the same time representatives to the new House of Representatives will be elected. The legislative power is given to a Congress of two houses, the Senate being made up of six senators from each State and three from the federal district, while the House of Representatives has one representative for each 30/300 inhabitants. This makes a Senate of twenty-one members and a House of about seventy members. The Congress meets March 1 next, the inauguration of the President following on the 151 h. The federal judiciary provided by the Constitution is patterned after the system of the United states, and, Indeed, throughout the Constitution there Is a close' resemblance to the systems In this country. The governments of Nicaragua, Salvador and Honduras become States, their present Presidents giving way to Governors. The States retain control over affairs of a purely local character and have legislatures and direct local affairs, much as the States la this country control thdjr local affairs. The Nicaraguan canal project will hereafter be under the direction of the new rerepublic, as it is a national question. Th® Constitution provides, however, that all obligations of the separate States entered Into prior to Nov. 1 will be upheld, so that any concessions made by Nicaragua prior to that date will stand. From now on. however, it will be the United States of Central America, instead of Nicaragua, which will have entire control over the interoceanio canal route. Senor the new form of government as.wqlf suited to strengthen and develop the countries of Central America, giving them a mutuality of interest, and then a joint force of arms sufficient to keep in abeyance the revolutionary spirit which has found expression from time to time while the republics were separated. Blame* |he Can Opener. Atchison Globe. We have an idea that away back in *th® days before every house boasted of a canopener tha cooking was better than it is today. The women place a great deal of reliance In canned goods which newspaper writers can’t shake by their frightful stories of people poisoned by eating canned stuff. The women refuse to be scared, and continue to gad around till five minute* to 12. when they get dinner by using & canopener. Consolatory. Puck. Miss Sharpe—Believe in vegetarianism? Why, I love good beef! Cholly—l "with I were beef, you know j Mies Sharp®—Never mind! You'll growl