Indiana State Sentinel, Indianapolis, Marion County, 24 January 1894 — Page 4

THE INDIANA STATE SENTINEL, WEDNESDAY IMOHNING, JANUARY 24. 1894-TWELYE PAGES.

INDIANA STATE SENTINEL BY THE IRBIJKkPOLIS SENTINEL CO.

s. n. Monss, 1 rci Jct, DEN A. EATON. b. McCarthy. f tr:ry sad Treasurer. (KatervA 'at the roto.Tlce at Indianapolis Mm ieooatl cl nintter.) T Kit MS mil YEAR I Slnsle copy tin Advance) ft OO We ak tlrniurrnu to bear In mind and select helr own täte paper nlirn they rump lo take nubscripUoni and make up Hub. AKfoli niakias up clab aend for mm r Information desired. AddreMM THE IXDIAXAPOMS SEXTIXEU Indianapolis, Ind. TWELVE PAGES. AVEDJtESDAY, JAW AR Y 24, ISO. If the story be true that Representative Waugh had but one listener to his speech on the tariff, and that one Representative Brookshire, the fact speaks volumes for the force of Mr. Waugh's oratory or Mr. Brookshire's politeA resident of Brazil. Ind.. visiting In Great Britain, purchased a pair of Massachusetts made scissors for 50 cents. Returning to Brazil he found the local price to be $1. Now will some obliging protectionist please explain how this happens? And in what way the foreigner pays the tax on scissors? Whitelaw Reid has less influence with the republican senators than he would have had had ha been elected vice-president. He indorsed Mr. Ilornblower's nomination for justice of the supreme court as one eminently fit in every particular. Yet the republican senators voted almost unanimously for rejection. The Kansas City Times says "a misconception has arisen as to the purposes and need of a populist party." When it is remembered that no two populists agree as to the objects sought to be gained by the party the misconception is readily understood. Rut it is clear to everybody that there was never any need for the party at all. Japan's census of 192 shows that the population of that country ha3 increased from S6,O4)O,0OO to 41,000.0r0 in ten years. In 1SS1 there were only 10,000 paupers in the population and there is probably no relative increase now. If. however. Japan should attempt gold monometallism, as she is proposing, we will warrant that the next census will show a healthy increase of paupers. Mrs. Lease feels the necessity of establishing a permanent home for herself and family and will purchase a fruit rartche in California. "What has Mr. Lease been doing all those years while his wife has been agitating the country? He ought to have secured a good horn? by this time. He has had to waste no time on primaries and conventions, caucuses and conferences. All that has been attended to by Mrs. Lease. It would seem that with all these extra advantages Mr. Lease ought, by this time, to be pretty well fixed. Since the repeal of the Sherman law In the United States bimetallism has been making rapid strides in Great Britain. Thomas Salt, president "of Lloyd's bank, London, which, by a poliey of amalgamation with other banks, is becoming one of the largest financial institutions in the country, has thrown his lot with the bimetallists and has joined the Bimetallic league as vice-president. Salt was president of the Bankers' institution in 1S91, and his inaugural caused a considerable stir by admitting the necessity of the more extended use of silver for currency purposes. Among other, public men who recently have joined the league are Baron Emile Erlanger, a well-known financier, and Jacob Bright, one of the most respected liberal members of parliament. England will, before very long, be ready to join with the United States In securing the international use of silver as money. That comparatively large collection of fools, of which a new crop sterns to be constantly coming on we refer to those who "didn't know it was loaded" will find something to think about in a recent decision of Judge Lötz of the appellate court. The judge held that any person over ten years old who points a pistol or other firearm at another whether the pistol be loaded or unloaded, from malicious or mischievous motives, is guilty of an unlawful act and may be fined in any sum not exceeding $500. To say nothing of this mischievous practice of poking a pistol in a person's face "just for a Joke," as It prevails in other states, there Is enough of it going on in Indiana to call forth just such a vigorous opinion a Judge Lötz has furnished and enough of it, too, to bring forth the earnest protet of newspapers and that of the sensible people cf every community. Many valuable lives have been lost in this state within recent years from this cause alone and this decision Is timely and to the point. For practical commercial purposes little change need be expected from the expiration of the B 11 telephone patent on the 30th inst. The Hell company still has a patent on the switch-board. But even were that not the case, the Bell company has the franchise for the erection of poles and wires in nearly every city of the land, and cities will be slow to grant franchises for competing wires except in grave emergencies where the existing service becomes Intolerable through extortion or inefficiency. So long as a city can hold this club of threatened competition It will, however, be in a position to enforce good service at reasonable rates. But It may be said, in a general way. that the telephone business is one that can best be managed by a monopoly. In a city where

there are two telephone systems the subscriber must either patronize both or be deprived of half the service he should receive. It is much better for him if he can be served through one system.

I1RITISII TRADE IX 1S!3. The London Standard publishes an extended review of British trade for 1893, which is of double interest, first as showing the depression of business In that great gold-standard empire, and second in illustrating the tenacity with which the English mind clings to its prejudices. The year has not been a pleasant one for England. As the Standard puts it, it has been "one of dull trade and exciting finance," a description which closely fits our own situation, and Kngland was not bothered by any "threatened tariff revision" as we were. The financial troubles of the year began in February with the "collapse in Readings," the Philadelphia & Reading railroad going into the hands of a receiver on the 20th of that month. The effect of this was very serious to American securities, for, the Standard says: "A more dramatic smash has rarely or "never occurred in the states, and the revelations, charges and recriminations which followed it have been of a kind to fill the minds of British investors and speculators alike with a rooted distrust of all American railroad finance. For the time being the business of the stock exchange in American securities was nearly destroyed so far as the public was concerned, and subsequent events, to be noticed under another head, have all the year through prevented any revival." This precipitated the English sales of American securities which called a large part of our gold abroad in the spring and early summer, but that relieved the market in England for a very short time. Hardly had the excitement abated when the Australian troubles began. "The stoppage of the Commercial bank of Australia at the end of March induced a panic which spread to all Australian banks and caused a dozen of them to stop payment within little more than three weeks. Their names were: The Australian joint stock bank, the Commercial banking company of Sydney, the Bank of Victoria, the City of Melbourne bank, the Colonial bank of Australia, the Commercial bank of Australia, the National bank of Australia, the English, Scottish and Australian bank, the London bank of Australia, the Queensland national bank, the Royal bank of Queensland and the Bank of North Queensland. This list embraced banks of all sorts and sizes, and their gross liabilities to the public amounted to ffl.000,000. All the failed banks 'reconstructed' within a month or two and the 'crisis' was stayed. Suspension enabled them to keep all the deposits they had gut and the calls made upon their shares put new money in their hands, for which they cannot now find any use. Scotch thrift especially has been most severely hit by these Australian troubles, and all over the country a possibility of great losses had to be looked at with a closeness which effectually took the spirit out of traders and speculators alike." The Australian troub'es were still in force when the Indian silver movement began, to which is due the apparent rise in silver during the summer. '"That great decline in the Indian exchange, which had been in progress for twenty years back, became so acute in April last, under the weight of the Indian council drawings and other adverse in fluences, that it drove the government of Simla, in June, to pass a law through the imperial council suspending the free coinage of silver rupees at the Indian mints. Some two months before this law passed, the Indian council In London had sold telegraphic transfers on the treasuries in India at the rate of Is 2-?nd per rupee; but the rumors of the impending change sent the rate up by the end of June to Is 3 5-32d- On the promulgation of the law the exchange price of the rupee rose for one brief day to Is 41-32d; but from that date to the present it h us shrunk persistently, until it is now only Is 3 l-32d, although about 5,000,000 worth of council drafts have been withheld from the market. The place of these drafts has been partlytaken by 3,500,000 worth of sterling six months' treasury bills, and these in turn are to be converted into the new loan for 10,000,100 now passing through parliament. To complete its requirements in London for the current financial year, the Indian council wants fully 12,000,000, but it may be able to raise a little by the sale of its drafts and T. T.'s.' A revolution of this description has necessarily had a most marked effect upon the trade of the far East, and upon that of India Itself. Indian exports have been curtailed and the imports stimulated, and a general feeling of doubt and uneasiness has spread all over the East, which has materially contributed to an increase in the depression here." The effect of these movements, and of "the succession of panics which has swept over markets," has been a hard one for British investors, who, as the Satndard estimates, will lose "a round twenty millions sterling before the final balance is struck." And the result is seen in the present markets. "People who used to look for 4 per cent, are now thankful to got 3;" non-dividend-paying stocks cannot be sold at all; and the cheerful prediction is made that "in most directions the earnings of realized wealth promise to be less In 1S34 than in 1893." Possibly this experience may open the eyes of some of the financiers of that country, who hold with Gladstone to the absurd theory that an appreciating currency Is an advantage to a creditor country. - It Is remarkable, that the Standard seems to regard the movement of silver as a wholly independent matter, instead of noting that the rise In Indian exchange was due to an attempt to make it exchangeable with gold at the rate of Is 4d to the rupee, and the subsequent fall was due to the government's failure

to maintain parity at this rate. The movement of prices has been a movement of gold, not of silver, and this is shown by the Standard's statement of the prices of commodities: "Coals are now 5s to 7s a ton dearer than they were a year ago, thanks to the prolonged strike in the Midland coalfields, which has cost the nation not less than ten millions of money. Home-grown wheat and barley and oats are also from 2s to 4s 6d per quarter dearer; beef and mutton remain much where they were; potatoes have fallen 10s per ton, and rice lOd per cwL Certain kinds of wool, as well as silk, flax, hemp and jute, are all higher in price, but nearly every other article used in our textile manufactures has sunk in price. Cotton and cotton yarn are again nearly as low as in the middle of 1S92. American red winter wheat has fallen from 30s 3d to 27s 3d between January and December, and the lower price cannot now pay the American grower. Scotch pig iron has gone up about 2s per ton, but Cleveland bar Iron and steel rails have both fallen, the one half a crown, the other three half-crowns, per ton. Copper was 70s per ton cheaper In December than in January. Straits tin has declined almost 15 per cent, on the January price of 92 5s per ton." And, furthermore, the Standard predicts, as the best thing to be hoped for In the outlook, "the general cheapness of food and raw materials," and that "the difficulty of working at a profit is everywhere stimulating people to economize." Verily, great is gold monometallism, and great is the logic of monometallists.

tiik tkm:piiok patevt. The expiration of the Bell telephone ratent makes of interest a review of the workings of the company that owns it, as it has been one of the most profitable patents ever known in this country, and the Boston Herald has conferred a favor on the public by compiling an historical sketch of it. The present company was organized in May. lsfto, with an authorized capital of $10,000,000, and issued capital of $?.500.ooo. This was increased to $7."'.0.n0O by giving a right to the National Bell telephone company's shareholders to subscribe for js:,o,ooo stock at par. From that day until recently subscription privileges at par have been issued, and sundry extra and valuable rights have been given to shareholder?. None of these is included here. The National Bell telephone company had a capital stock of $700,000. "When it concluded to reorganize as the American Bell it sold 500 shares in its treasury for Jfioo per share tc meet its "immediate wants," presumably floating debt. It then gave each shareholder six shares for one and turned the property over to the new company for Jtj.r.OO.OOO, taking pay in stock at par. The first year ended Feb. 2S. 1M0, and included two months of the National Bell year. In lSl the fiscal year was changed to the calendar year and covered but ten month. The total dividend payments and capital at the end of each year have been: Dividends. Capital. 1SS0-S1 .... If-l-s2 lSv'-S; .... .... 1SS4 $17S.r.oO $7.3r0.OOi) 4iG,.ioo 7,:;ro.ooo .V'.l.ooo 7,C.".0,0i0 1.051.479 f.;02.0ort 1.410.S15 O.f.i'2.000 isvr. i.r.Gj.irw !,so2.ioo l,n;8,33i !t.S02.100 1S7 l,r.;s,3:; !.S')2.1oo 1SS l,7s:.S7S ,902.100 1S9 1,S?S.!U? ll.?.n.i.!HK) ISMO 2,'l'1.1.:13 12..7iO.0i0 is:u 2.c,2."..0"0 l.yooo.ooo 1V02 2.t,li.0S0 I7.r.oo,ooo iv.)3 3.337,500 20,000,000 Total $23,106,01 Average per year l,G00,4o5 $11,209,033 Estimated. The company began paying extra dividends in 1S4. They are included above and in detail have been: 1SS4, ?2SS,063; 1SS5, $392,044; lRs. $Cf2,OS4; 1SS7, $302,0 4: 1$, $597,726; 1SS9. $C00,0O0; 1890, $750,000; 1S91. $900,000; 1S92. $991,8; 193. $1,125,000. The average regular and extra dividend per year has been $1.G0,435. The average capital has been $11,209,325. The average rate of dividend has been 14.72 rer cent. Large as are these dividends they do not represent the full earnings of the company or even its net earnings, which for eight years have been as folllows: Surplus earnings Equals on applicable to stock dividends. percent. 1SS5 $l,S09,9ftt 48 1S.09 1SS 1,973.3:.0 76 19.73 1SS7 2.237.008 12 20.SO ISM 2.4::t5.4)3 5 24.25 1S?9 2.M1. SSS K9 26.72 1S91 2.SM.413 Cr 22.9 j 3.126.819 90 20.85 1892 3.411.674 7S 19.49 The inventor who produces an article that attains such results as these ought to receive a good share of the profits and it Is a lamentable defect of our patent laws that he Is not secured a small per cent, of the profits cf hi3 invention, even If he Is forced by necessity to sell It. If the law were forced to make a 5 or 10. per cent, interest in net profits inalienable it would not interfere with the sale of patents and would give many a genius a share in the fruits of his invention that he loses under the present system. AXOTHKIt Sl'KFEHEIl. The starch trust is complaining that the duty on starch is reduced by the Wilson bill from 2 cents a pound to 1 cent, which Is not enough to protect the American industry from the competition of European pauper labor. We presume that no good republican paper will question this Interesting statement, and there are some facts connected with the starch industry which move us to call attention to it as a sort of appendix to our question concerning the export price of agricultural implements. The reports of the treasury department show the following foreign trade in starch during the past two years: Imports. Exports. Year. Pounds. Value. Pounds. Value. JK92....1. 990,175 $51,8 20.0S1.027 $612,531 1893....3,7C5,i;96 89,249 21,938,4:.S 707,093 It appears from this statement that we are exporting more than twenty millions of pounds of starch a year and selling it In foreign markets In competition with the product of foreign pauper labor. It also appears that the average price of the starch Imported is 2.37 cents per

pound, and the average price of th; starch exported 13 3.22 cents per pound, or a little less than 1 cent per pound more. With the duty added, the foreign starch would be worth In this market 4.37 cents per pound, and it must be sold at that or it would rot be imported. In this market pearl starch is quoted at 3.25 cents per pound and fancy grades as high as 5 cents and a fraction. This exported starch gees to all parts of the world, including England, Belgium and Germany. It must be sold there in competition with the product of those pauper countries which will come into this market and destroy the starch in dustry If our protective duty is reduced to 1 cent per pound. We would therefore inquire how the starch trust manages to compete with this foreign product of pauper labor this 2.37 cents starch In foreign countries if it does not sell its starch cheaper in foreign countries than it does at home? There must be some explanation for it. If this is not the correct one, what is the correct one?

MR. SIIERMAVS CONFESSION. The populists who have been Insisting on a sub-treasury scheme by which the government should make advances of money to farmers, on deposit of grain, may take fresh courage from the fact that Senator Sherman has made explicit declaration that his late lamented silver law was a measure of exactly that character; and the republican press, which always follows wherever Sherman leads, has promptly taken up his statement as the law and the gospel. It is the more encouraging to these populist theorists because John Sherman has long been held up as the apostle of sound finance, though there is hardly any view of any financial question that he has not held and advocated at some period of his disastrous career. That he should now appear as an advocate of populist financial theories is not at all astonishing, and it will probably help the populists along on account of the large republican following that John always carries with him. Mr. Sherman's statement Is as follows: Fnder the so-called Sherman law the silver bullion in the treasury was to be held as a fund of redemption for the silver certificates issued against it. Now, in Ohio, when the railroad development progressed, the farmers would bring their wheat to warehouses for storage. The one holding it would often speculate upon the grain, and it came to the pass he would often s.'ll it. It was all right if he could pay the former full market value when he called for it. But it happened too frequently that those so engaged could not pay. The result was that the Ohio legislature passed a law defining such action as larcenous. To take the seigniorage and coir, it would compel the coinage of the silver redemption fund now in the treasury vaults. This, under the Ohio law I have recalled, would be larceny. Under the Sherman law and a sec tion not repealed it is to be held as a redemption fund. Then again there is a class who want to issue treasury notes on the seigniorage; that is, estimate what the sc-igniorage ought to be and pledge it as a fund of redemption for the issue of treasury notes. This class forget that the silver in the treasury vaults has had a great shrinkage in value. It Is not now, at the present market value of silver, worth within $17.0oo,000 of its cost to th? United States. All schemes of this kind simply aim at fiat money. If you take away the fund of redemption behind the silver certificates now extant these become fiat money. As a matter of fact this statement is as false and misleading as any of the other fallacies that the great republican financier has advanced at various times, but that will not interfere at all with the impression it will make on the mind of the average republican, for he will believe It is true because Sherman says so. There Is no similarity between the Ohio storage of wheat and the purchase of silver under the Sherman law. When a man stores wheat he does not part with the title. He merely entrusts it to the warehouseman for safekeeping, and the latter has no more right to sell it than the checkboy at a hotel has to sell the hat or overcoat of a guest, or an express company has to sell the articles given it for transportation. The silver bullion acquired by the government under the Sherman law was bought absolutely. There was no storage in it. The law expressly provides for the "purchase" of silver and nothing else. The title passed to the government and Its ownership is complete. Furthermore, the bullion so purchased was not to le "held as a fund of redemption for the silver certificates issued against it." The law provided nothing of the kind. There is not a single silver certificate, and never was one, that is redeemable in. silver bullion. They are redeemable in silver money, and there is no fixed relation between our silver money and the price of silver bullion. There Is a fixed relation between the silver dollar and the quantity of bullion, for a silver dollar must contain exactly so much silver. There is no reason why the government may not coin this silver if it so desires, or coin the amount over and above what is needed to make enough dollars to redeem the silver certificate.-'.. All the silver certificates and all the other paper money of the country will have to be .edeemed ultimately in coin, on a gold basis, and it makes little difference what form the money taxes. It is all credit money In any event, whether silver or paper. A STATE IMUSTKY. Whatever trades were crippled by the financial pressure of the last several months that of canning tomatoes stood firm and vigorous. The fourteenth annual report of the American Grocer makes the output of canned tomatoes in the United States and Canada for the year 1S93 4,395,543 cases, an excess over 1S92 of 1,028,814 cases. The total output Is equivalent to 105,493,032 tins, a quan tity sufficient to give each family of j live persons fsn. tins per annum, rnis is the larges quantity ever produced in the United States. The probability is" if it had not been for the long summer drought which prevailed in Indiana, Ohio and some other states that the yield would have reached five millions of cans. The year was a good one for the packers, as the sales for future delivery dur-

ing the first half of 1S93 were unusually i heavy. High prices for canned tomatoes during May, June and July last stimu

lated the Industry and led to the planting of a largely Increased area. Fortunately the crop was short insome sections and thus an overstocked market was prevented. This tomato Industry is a fine thing for Indiana. The advantage that natural gas gives the packer, together with the possibility of the soil producing innumerable bushels of tomatoes, cannot be too highly estimated. Almost any other kind of vegetable fit for packing can be produced in Indiana. OIR OFFER TO REPLHLICAX EDITORS. We have at length had what might by a stretch of courtesy be considered an answer to our inquiry concerning the foreign price of protected American manufactures. It comes from the Logansport Journal. For convenience the points offered will be considered seriatim: 1. The Journal says our offer is a "bluff." We beg to assure It that this statement Is not correct. The answers will be submitted to the non-partisan committee named; the prizes will be paid as awarded; the successful answers will be printed in The Sentinel. The Journal's answer will be submitted with any others presented. 2. The Journal says we "assume that the policy of protection has been misapplied in some instances," and questions the assumption. We assume nothing. We present the fact shown by the official records of the government that certain American manufactures, which are protected, were exported last year in the following quantities: Mowers and reapers and parts of $2,372,938 Plows and cultivators and parts nf 397,735 All other agricultural imple ments 1.024.310 Carriages, horse cars, etc 1,914.170 Saws and tools 1,900,444 Sewing machines 3,133,992 Stationary' engines 227,2 Boilers 56S,4n5 Stoves, ranges, etc 230,011 Machinery not specified 10,229,293 Other manufactures of iron and steel 3.877,67-5 Total $25,906,311 Our question is, if these articles must be protected from foreign competition here, how do the manufacturers sell them in foreign markets, in competition with foreigners, unless they sell them cheaper abroad than at home? 3. The Journal says that imitations of American manufactures are made In foreign countries and marked as American goods, and that this has tccn demonstrated as to Singer's sewing machines. We doubt the statement, but whether it is true or not is immaterial. We give above the official statement of goods actually made in this country of "high wages" and actually exported. If they are sold in competition with foreign goods of similar make, falsely labeled as American goKls, and. as the Journal admits, sold cheaper than similar goods in this country, they must meet even greater competition than we stated. How do they meet that competition if they are not sold cheaper abroad than at home? As to sewing machines we not only exported them to the value of $3.133,192 last year, but our makes of sewing machines drive competitors out of foreign markets. In bulletin No. 63 of the Bureau of the American Republics we find these interesting statements in regard to them: As to Brazil, p. 120: In sewing machines America ha.s a monopoly. I think fully 33 per cent, of the dwellings in my consular district have sewing machines under the roof; many where there is not a chair, nor a clipboard, nor a wooden floor, have a White, or a Howe, or a Domestic, or some other American machine. ' As to Colombia., p. 142: The sewing machine is the only machine that is sold in large numbers, and these are all of American manufacture. As to Mexico, p. 204: There is hardly a town of any importance but has one or more agencies of American sewing machines. These agents sell machines on the installment plan, and thus even the poorest can buy. The German imitations of American machines have not found favor in Mexico, although sold very cheap. As to Uruguay, p. 373: In sewing machines, the Singer ha.s been known here for a good many years and the company has its own depot. Their sales are considerable, German competition. however, pressing them closely. Large profits cannot be realized, though sewing machines as well as other machines are admitted free of duty. And so as to Peru, Cuba, Curacao and other countries. How do theso sewing machines meet this competition in foreign countries, which they cannot meet here, unless they sell cheaper there than they do here? 4. The Journal declares that "an article was patented in this country and abroad," and that "the owner of the patent soid it for what he could get for it, and as American wage-workers got higher wages he got a higher price for it In this country than abroad." This Is startling, but it has nothing to do with the question. What we want to know is how our manufacturers, compete abroad "unless they sell at lower prices abroad than at home." Anyone can say that they sell at lower prices abroad, and attempt some explanation for that, but that is not what we want to know. How do they compete w'thout selling cheaper abroad? We trust that the Journal will devote its attention to this question, for although we shall submit its article to the committee we fear that it will hardly secure a prize. Indiana congratulates Tom Johnson on succeeding In having the new wool tariff go into effect with the rest of the Wilson bill. What is the use of having tariff reform if you do not have it when you get it? Let the bill take effect as quickly as possible, and let it be passed as quickly as possible. ET CETERA. A Spanish proverb says, "Drinking water will neither make you ill, put you In debt, nor make your wife a widow." The Knights of Labor of Philadelphia have mortgaged their palatial headquarters for $20.000. The building was known as

"Poverty's Palace," and the borrowed money will be used to put lecturers and organizers in the field. London women now smoke cigarettes after lunch in the best class of west end restaurants and no objection is made. Ephraim Bull, the originator of the Concord grape. Is seriously ill at his home in Concord, Mass., from Injuries received last autumn by a fall from a ladder. The value of fur seals shipped from Alaska and sold in the London markets since the territory came Into the possession of the United States Is given as nearly $33.000,000, and of other furs as $16,000,000. A maiden lady of Baltimore named Mary Rlckert bought 5 cents worth of laudanum at each of eighteen drug stores, put all of the doses together and swallowed it at the supper table. She refused all efforts to apply antidotes and, when a bath was suggested by one of the frantic household, said: "I have taken a bath and have my burial clothes on beneath my dress." Many persons cannot believe that crrpe Is made of silk because It is not glosy. Genuine crepe is of pure silk from which, by a secret process of manufacture, all the gloss has been taken. The peculiar wrinkles which are supposed to be a characteristic of the goods are cruised by a solution of gum into which the cioth is dipped and dried without pressing. Crepe can be made smooth by washing and ironing. "Please help the blind," was the placard that hung on the breast of a mendic?nt on the Bowery in New York. A kindhearted pedestrian took a nickel from his pocket and dropped it in the hat, but it fell through a hole in the crown to the sidewalk. The pedestrian and the blind man both hunted for it It was down a crack out of sight, but the blind man found it first. A policeman who wasn't blind took him in. The oldest lodge of free masons in America. St. John's lodse of Boston, recently held Its Wlh annual meeting, at which the new officers were installed by Wyzeman Marshall, who was master of the lodge in 1858, 59 and '60. The lodge possesses two carved bunches of grapes that are the original tavern sign adorning the front of the Bunch of Grapes inn. in Boston, where the first loJge of free masons in America was established in 1733. This story is told of Chicago's merchant prince, Marshall Field. A small boy in his employ approached Mr. Field and asked for an advance in salary. "How much are you getting a week now?" asked the merchant. "Four dollars and a half, sir" "And how old are you?" "Twelve, sir." "Why. my boy, at your age I wasn't paid that much." "Well." replied ihe shrewd lad. "maybe you wern't worth it to the firm you was working for, but I think 1 am." The German emperor William hns made a rule that governs the game preserves and vast forests-belonging to the Prussian crown property. It is that all the guests who shoot over the preserves be debarred from taking the game vhich falls to their guns. Jt is gatliercl by servants and soM en bloc to game dealers. If a guest wishes to obtain the body of any animal or bird which he may have shot he is obliged to pay the full market pneo to the treasury of the department of the grand master of the hunt. Russell Sage, whose fortune i rstimated to be at least $2n,'W was assessed in New York on $!..WWO worth of personal property. He made a very vigorous objection to the assessment and claimed that his personal property was not worth nearly that amount. Honrls are subject to taxation as personal property, while stocks are not. Mr. Sage has a good store of bonds, but he claims that their value has phrunken greatly on account of financial depression. At all events he does not want to pay his taxes as assessed. "Lucky" Baldwin's estate in San Gabriel county, California, comprises 50.000 acres and is worth Jio.ooocoo. Here were bred and trained the horses that have male Baldwin's fame and fortune. Everything is conducted on the most practical plan at Santa Anita. The stables are plain and single and horses, worth from $25.00 1 to $50, 0') each, live in plain wood box 'stalls. The Emperor of Norfolk, the king of Baldwin's stable-, a horse that won Baldwin $79.o) in one year, is content in a cheap pine stall. The ocean and lake coasts of the United States are picketed with the stations of the life saving service, which is attached to the I'nited States treasury department. Since the introduction of the system in 1871, about S5.500.ooo worth of property has been saved and over IO.o-jO lives saved and protected. The cost of maintaining the service during the yc:rr was about $1.25ft.ooo. Coast guardsmen only serve seven months in the year. They are not on duty during five winter months. A bill is now before congress advocating that guardsmen be given extra pay and kept on duty the whole year. Wber I lie Turkey Caine From. The secretary of the Turkey club of England says in the Feathered World that the turkey appears to have been bred in England for over 300 years, but where it originated is a matter of doubt. Many suppose it came from the east, as its name implies: others that Mexico was its native place. At the time Hernando Cortez subdued the Mexicans In 1Ö21 the turkey wa found in a domesticated state and very probably had been bred there several centuries before that time. Domestic turkeys were introduced into England from America in 1525, and accounts are given of their being served at banquets in 1555: a few years later they appear to have become sufficiently abundant to afford the fanner his Christmas dinner, and from that time the turkey has held premier place on such festive occasions.

lie Til n Wnx Horn to He IlnnR-eil. "He that was born to be hanged will never be drowned" is an old English proverb which has its equivalent in most other modern languages. The Danes say, "He that is to be hanged will never be drowned unless the water goes over the gallows." Ihe Italians say, "He that is to die by the gallows may dance on the river," and the Dutch, "What belongs to the raven does not drown." Shaksiteare alludes to the proverb in "The Tempest" w hen he makes "Gonzalo" say of the boatswain. "I have great comfort from this fellow; metlunks he has no drowning mark upon him; his complexion is perfect gallows." Avernjee Depths f Oceiinn. The average depth of all the oceans, according to figures given by Thorne, is from 2,000 to 3,00;) fathoms. Soundings have been made in the Atlantic ocean, ninety miles of the island of St. Thomas, In the West Indies, which showed a depth of 23,2."0 feet, or about four and one-half miles. In 1S72-4 the ship Challenger made a voyage around the world fnr the nurnose c taking deeo sea soundings, and the results showed that the greatest depth in the Pacific ocean was between four and one-half and five miles, while that of th Atlantic was probably as given above. I Cnre IServounnena ami Count Ipnllon. Dr. Shoop's Restorative Nerve Pills sent free with Medical Book to prove merit, for 2c stamp. Druggists, 25c. Dr. Shoo p. Box X. Racine. Wis.

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HANK GOOD'S EXECUTION.

AX IXDIAV GIVES IIIS LIFE WITHOUT A SIGX OF FEAR. An Insatiable Desire for Liquor fm". pels Hint to Kill Tiro WhUky Ped. dlers That for Once He Might Gri All He Wanted to Drink I Sen. tened to Re Shot and Dies Like Hero of Romance. Capt. Frank Williams of the Texas rangers, who passed through the city last night on his way to New York, gives an excellent account of the remarkable execution of Hank Good, a thoroughbred Choctaw Indian, which occurred Sept. 25 in the Choctaw reservation. "I never dreamed I was going to see one of the bravest acts 1 ever witnessed in my life wh?n I went to see Hank Good shot," Capt. Williams said. "I was in the reservation when Hank committed the murder for which he gave up his life, and I had a great curiosity to see how he would act when the time came for him to pay th-3 penalty. "The murder Hank committed occurred Feb. 9, 1S93. Two whisky peddlers, named Isaac Greenbaum and Solomon Heppenstein, were the victims. i They had Ixn in the habit of steal ing into the reservation about once a month and selling whisky to the Indians. On this particular night they entered the territory" with two small caka of whisky. Hank saw them when they came in. and he th-n and there determined to get his fill cf lire water that night or know the reason why. He watched them and followed them to a lonely place, where they secured their whisky, wrapped their blankets around them and went to sleep. When ther i were slumbering soundly he stole upon them, and it could not hive taken him long to relieve them of their scalps. He found the whisky, drank to his heart's content, and enjoy-d the warmth of the fire the peddlers had built. Hank made no attempt to r-se;,e or conceal his crime, but remained there and drank until he was stupid. About 10 o'clock the nejet morning as I was passing along ihe joad with a souad of th White Horse we came nrii the horrible sight. Hank was lying across the dead bodies of his it tin's and one of the whisky casks ws dasjed in his arms. Wo triM lo arouse him, but could not, and had in carry him to the headquarters of the reservation. They locked Hank up. and it was three days before he was sober enough to br arraigned before the Indian judge nd jury. "Oil th third day aftr the murder Hank was brought up for trial. Ilanlc made no d'f'ise. He did not seem to feel sorry, either, fur havmg committed the crime. It was the first time in ht life that he bad had enough whisky. The jury so. in dei-.i -d that Hank was guilty and should be shot. It took into consideration the fact that llink was the most popular and best looking young buck in the nation, an! rec-om-mendecj him to the mercy of the judge. The judge finally sentenced him to be shot to death at noon Sept. 25. Hank took an oath to appear at that hour under a big oak tree and pay the penalty. They then allowed him to depart." "Were they afraid he would never return?" "Not in the least. A full-blooded Choctaw was never known to break bis oath." "Well." Capt. Williams continued. "Hank did not leave the nation, but three days afterward he got married and commenced to work as hard to get land and horses as a man who expected to live fifty years. In a few months he was one of the most prosperous young men in the tribe and lived apparently happy. "The months slowly passed, and as the time drew near for Hank to be shot the Indians commenced to get excited. They were all anxious to see how he would act. Hank never referred to the matter and kept on working up to the day before the one which was to be his last on earth. "The fatal morning at last arrived. It was a holiday on the reservation, and long before noon all the members of the nation were in the vicinity of the bg oak tree, dressed in all the finery they could command. Hank was on the scene early, arrayed in his best, and an hour before his execution he danced with all the squaws. Ho never glanced at the pine coffin on which he was to kneel and be killed. "Exactly at noon he left his family, and, with head erect and a smile ur""t his face, he walked to the ccfiin and knelt upon the lid. The sheriff had not yet arrived, but Hann was there and waiting. The sheriff finally came, and. walking over to Hank, he started to bind a white cloth around Hank's eyes. Hank tore it off and motioned the sheriff back. You should have seen the Indians look at him. Kvery one admired his nerve. "The sheriff steppc.1 back several fet, drew his reviver and took deliberate aim. Hank smiled and glanced down the glistening barrel without moving a muscle. In another second the sheriff fired and a ball crashed into Hank's brain, directly between the eyes. He quivered a second and fell over dead into the cofTin." "What became of Hank's wife?" "Oh. she married a good-looking yvng buck the next day." Pittsburg Dispatch. onus A XI) KXDS. Smoke will stupify bees and make them harmless. Good manners and good morals are sworn friends and fast allies. i'artul. It cost only a penny a pound for England to import mutton from New Zealand. In a divorce case in Victoria the petitioner and respondeat were each eighty years cf age. It is proposed to add well trained Newfoundland dops M the life-saving corps of the Seine at Paris. A rattlesnake killed by James Graham of Columbus. Ind., measured nine feet in length and had thirty-nine rattles. Forty years ago the territory from whlci most of our wheat comes w.is known a the "Great American Desert." The colder the mem the less water thwindow plants require, unless it be the calla, which is always thirsty. Georgia claims that th- general government owes her $2.',in yet on the sale of Alabama and .Mississippi in l,rJ. The sapphire which adorns the summ't of the Engli.-h crown is the s; rie that Edward the Confessor wore in his ring. The amount of gold c"in in actual ei'"culition in the world is est im-, ted by th bank of England oiiic: .Is tu Le about tons. The only Instance of p-rfe -.!y successful collaboration in Ers.l:sh lit en fare is found in the dramatic wi-rks of K -auaiont and Fletcher. While In Germany the people are Jut learning how many good thinirs can be made from our cornme.ii. in Kaglan.i they are discovering how good our cranherry Ls when properly cooked.