Pike County Democrat, Volume 26, Number 1, Petersburg, Pike County, 17 May 1895 — Page 6

©UN'S COMMERCIAL REVIEW. VonI|b Exchange Demoralised by K»ornow Bond Sales Abroad—Crop Prospects Greatly Improved. Doing Koch to Determine the Character and Vol nme of All Business After Sommer Uncertainties are Over—A General Improvement. Nkw York, May 11.—R. 4J. Dun A Co.’8 weekly review of trade, issued today, says: The event of the week is the demoralisation of foreign exchange caused .by enormous sales of bonds abroad. Besides a sale of 110,000,000 Manhattan and other railway bonds through the syndicate, large purchases on foreign acoount have been recorded for some weeks, so that the aggregate probably exceeds $50,000,000 since the sale of the new governments. Safety for the summer means much for all business, and the syndicate deems it so fully assured that it distributes 40 per cent of the money advanced by the associates, which leaves a large amount to stimulate operations in securities and products. : Crop prospects, also, have greatly improved, and this is of still higher importance, as it will do much to determine the character, and volume of all business after summer uncertainties "are over. In addition business is reviving, though the gain in great industries is retarded by many strikes. The volume of business represented by exchanges for the first full week of May is 27.2 per cent, larger than last year, and only 17.2 per cent less than in 1893; but bond and speculative operations have so swelled transactions here that the gain of 14 per cent. over last year outside New York is for the moment a closer indication of general business. Railroad earnings are also better, for the last week of April exceeding last year’s by 10.8 per eent, and the loss for the month compared with 1893 is only 11.7 per cent. • The successful bond transaction caused flames of speculation which had keen dying out to blaxe up fiercely. Stocks have risen on an average $1.75 for railroads and 52 cents for trusts, and an easier money market and safety for the summer seems assured. Coal stocks, however, have risen sharply, with reports of agreements reaching beyond May which ara not vet verified. During the week $3,250,000 came in from the interior, showing that money is not fully employed, and government reports an increase of $12,356,288 in circulation since April 1. Those who think the supply deficient should observe that the total circulation is 155 per cent, of aggregate clearings in the first week of May; in 1894 it w>as 93 per ■ cent., in 1893 only 126 per cent., and in 1892, with high prosperity, 134 percent. The demand for commercial loans is smaller fhis week. Sales of wheat for the week have been 34,000,006 bushels, against 93,* 000,000 the previous week aud 81,000,000 the week before, and sales of cotton 543,000 bales, against 1,046,000 the * previous week and 1,192.000 the week

llut Thursday brought hew activity. Wheat had fallen 3}* cents, but rose 3 cents that day. Western receipts are I.OO&OIO bushels, against 1,261*764 last year, and Atlantic exports, flour included, 1,615,051 bushels, against 2,214,041 last year. In three weeks since the rise in wheat these exports have been 5,160,131 bushels, against 5,849,971 last year. Pork has fallen 35 oents per barrel, lard 30 and hogs 30 cents per 100 pounds. Cotton is lower and receipts, in spite of familiar predictions of a .great decline, still exceed those of 1898. The industries were distinctly gaining when strikes began, which have spread quite widely. Garment workers in several cities and the Pocahontas coke workers are still out, with several • thousand workers loafing near Providence. Other woolen mills and the furnaces in theShenangoand Mahoning valleys, which were making 25,000 tons per week, have stopped; also the Illinois steel works, the largest western concern so that their works are directly •affected, which produced 3 per cent, of >the output April 1. The Amalgamated association also proposes a struggle over the new scale. Sales of wool for the week* are less than in 1803, but larger than in the past two years, though prices do not rise. Gather more demand appears for men's woolens, but cancellations are also numerous, and- imports of woolen goods with withdrawals from warehouses were about $19,000,600 in the first quarter of the year, against about 45,000,000 last year. Cotton goods continue strong, mills being well employed, and they hold heavier stocks than ever of raw cotton bought at low

Foreign imports in April at New York were 14 per cent, larger, than last year, with exports slightly smaller, but last week exports were 16.4 per cent, smaller, the loss in sugar aloue being (1,150,000. Meanwhile commercial failures do not equal last year; the liabilities in five weeks ending May 3 were (10,905,971, of which (4,188,061 were -of manufacturing and (6,553,110 of trading concerns. Last year for the same week the liabilities, were (14,*758,467, of which (5,662,310 were of manufacturing and (8,560,315 of trading concerns. The failures this week hare been 237 in the United States - against 306 last .year, and 34 in Canada against 43 last year. STAGE ROBBERS CAUGHT. <Om waa Shot and Will Die—The Other Wounded. Lakkfort, Cal., May 11.—The brace «f highwaymen who held up the stage between Calistoga and Mirabel mine on Tuesday afternoon were captured "Thursday in Berryson valley. When ordered to throw up their hands the taller of the two resisted and attempted to shoot himself. The officers shot and wounded him. All the jewelry and most of the money token from the stage was re> covered

RATHER SIGNIFICANT. Dm ML Dlekbuoa 9l>kM • 8p*Mk with Bristle* Ob — Cm Vetcrao* Hear Um Baffle Call?—Th* United State* Mast be Prepared Both an Land Bad oa Sea. te Resist Ike Kut-roarhmeats of Groat Brit* ala. Detroit, Idich.. May 11.—The feature of the Loyal Leg ion banquet at the Bnssell house Thursday niffht was the speech against Great Britain,delivered by Don. M. Dickinson. Mr. Dickinson responded to the tout “Our Veterans. Can They Hear a Bugle Call?” and with impassioned voice and impetuous eloquence he pointed to what he con* sidered the menacing attitude of England towards thin country. Mingled with scathing denunciations of the mother country, were strong appeals for increased military forces for this country. The speech was more remarkable on account of the fact that Mr. Dickinson is Mr. Cleveland’s most intimate and important political friend, being frequently summoned to Washington as an adviser in matters great and small, and taken in connection with the administration's course in reference to -England and her dealings with - Nicaragua and Venezuela. Mr. Dickinson had just returned from Washington, and from consultation with the president. He said in part: “Optimists and some doctrinaires tell us that the wr© of war is forever past. The. evidence does not sustain the proposition. "The peoples of the whole world, excepting America only, are either under arms or on a war footing. Intrigue and war, and conquest and massacre, and false pretenses and treachery, are the means to this end in use by the great competing countries of tho old world in the strife- It Is the part of wisdom to consider these things, and in our vigilant guard of our country’s welfare it ia our patriotic duty to weigh as nothing all international after-dinner sentiment and friendly professions In the stilted and stock phrases of diplomacy. In the present conditions we may Indulge in a reciprocity of polite phrasing and post-prandial exuberance, if our alert watchmen will meantime keep an eye on our good friends across the Atlantic, especially when, having appropriated Africa, the islands and even the rocks of the sea, and wherever else force or Intrigue may gain a footing, they begin to take an interest, not altogether born of curiosity or of a purely christianising spirit,in this hemisphere, “One can be so Innocent as to believe that the sentiment of relationship or friendship ot England would stand In the way of the settled policy of Great Britain to make Englishmen richer and her power greater, even at our cost. Her policy is first and last and always to advance British Interests and retain British supremacy—to retain and add to British wealth. Her purposes are material Whoever gets in the way of that Is the enemy of England, and will be so treated—whether it be the United States, as a great commercial rival who may be Intrigued against and encroached upon, and even crippled in some time of her distress, or when off guard, or a tribe of black men in Africa, in the way of her colonisation schemes, who may be safely massacred with machine guns. “The corruption of continental cabtnets, the treatment of Napoleon after his surrender the acquisition and history of India, the shameful support of the Turk lu Europe to this day, the treatment of Greece in her struggle for independence, the cruel massacre ot Afghan tribes, the occupation of Egypt, the ruthless slaughter ot blacks in Africa, the unspeakable treatment of Ireland and the chivalry of the mighty toward the weak us exemplified in Venezuela and Nicaragua are a few of the subjects to be treated of and characterized by the fair historian of the next, century, when he shall set down the faots of this one.

U UUV VUV» (MO OMWJWVO W Vi VU VVUOlUVi tu§ dow, because we should study well the conditions surrounding our future and §hould know something of the character and purposes and policies of that power who the telegraph and the greyhounds of the sea (with and without guns, armored and unarmored) have made our near neighbor. A neighbor .who has recently completed on the island of St. Luica, in the West Indies, one of the strongest fortresses in the world, and has been careful not to mention it, nor to permit it to be described in print “Against what power of the old world is this fortification to defend? What fleet Is it supposed will rendexvous under its guns, and against what nation is that fleet to be sent? “The fortress at Nassau, off the Atlantic seaboard. has been recently strengthened and greatly added to, and yet it served very well during our war to protect the violators of the blockade, and the ships of war that preyed upon our oommerce found refuge under its guns. “There ts a fortification of great strength at Halifax, on our northeast border, recently added to and greatly strengthened. “Since the beginning of the year congress kas passes an act, which was signed by the president, expressing the deep interest of the American people in an American canal across the American isthmus, watch will be the highway of a mighty commerce between the two ooeans. Simultaneously we have had the most extraordinary claims and movements ef England in Nicaragua. We have, too, the oovert suggestion from her foreign office that the Clayton-Bulwer treaty—long sinoe treated as abrogated by England, and therefore abrogated at our election—is still in force. “I think you will agree with me that patriotism and good statesmanship alike applaud the lnorease of our navy and demand its further increase, demand a large standing army, and adequate coast defenses, so that we may have peace with dignity in these later days and extend and hold the world-wide commerce which we Jieed."_

SUNK BY COLLISION. The Stammer Cayuga Sent to the Bottom by the Joseph L. .Hurd—All on Board Except George Johnson, the Steward, Keseured. Mackinaw City, Mich., May 11.— The steamship Cayuga, of the Lehigh Valley line, Chicago to Buffalo, collided with the steamer Joseph L. Hurd, of the Lake Superior ports to Chicago, 3 miles this side of Skiil^galee lighthouse io a dense fog at 4 a. m. The Cayuga sank in about twenty minutes. The bow of the Hurd was knocked clean off and only her cargo of lumber kept her afloat George Johnson, the steward of the Hurd, was knocked overboard by the crash of the collision and was drowned. The remaining members of both crews were picked up by the steamer Manola and landed here. The boats were not more than 300 feet apart when their signals were distinguished, but it was too late then to avoid the oollision. The Cayuga rated Al and is valued at $175,000. The Hurd rated A3 and her value is placed at $13,000. The Widow Sells Chooses a Yoon* Mato. Toi'KKA, Kaa, May 11.—Mrs. Allen Sells, widow of the great circus man, and worth a half million dollars, went to Kansas City Thursday, met Simon Greenspan, a young Hebrew of this oity, and was quietly married. Mrs. Greenspan is fourteen years older than her husband. , Sehwetnforth Mast Stand Trial. Rockfobd, 111., May 11.—Judge Shaw to-day ruled against the motion of the attorneys for Schweinfurth to quash the indictment against the messiab, and the trial will be h aid.

GRESHAM JUSTIFIED. At liewterr of Htate Rh Wth la tho Judgment of the I*eople. Secretary of State Gresham has been the subject, almost continuously sines he accepted office under President Cleveland, of vindictive criticism by his political and personal opponents, and he has followed the example of Mr. Bayard in refraining firom making any defense of his course and in trust* inf to time and the good sense and jus* tice of his countrymen for , his justification. Bis reliance upon the ultimate approval of his fellow-ciitixcns was not misplaced, and it begins to be justified. Early in the history of the war between China and Japan, when it was reported that the good offices * of the ministers of the United States in China and Japan were frequently employed by both China and Japan, the “jingoes” in and out of the congress derived some satisfaction from the oonstant and positive assertion that the ministers of the United States were held in general contempt, and that their efforts were provocative only of ridicule. Owing to the encouragement, perhaps, of “jingo” senators and politicians, the minister of Nicaragua at Wasmngton has, possibly without intending to do so, helped to impress a large number of the readers of our newspapers with the belief that a failure to prevent, by force, if necessary, the collection by Great Britain of an indemnity from Nicaragua for the insolent treatment of British representatives in Nicaragua would be a discreditable abandonment by the United States of the Monroe doctrine. There are some indications, which may not be convincing to the “jingoes” of the Maine and Massachusetts stripe, that Secretary Gresham will be justified by those who have greater reason than the Lodges and the Fryes for holding him up to public execration, and that by and by the reasons that constrain foreigners in commending him will command the approvgf of his

own countrymen. The London Time* recently gave space to a letter from Sir Henry Howorth, M. P., suggesting that it is to the interest of England “to formulate a common policy with the United States in regard to the far east,” and the Pall Mall Gazette, in approving the suggestion of Mr. Howorth, declares that “America has received many marks of respect from China and Japan.” This is a rude denial of the “jingo” complaint, but it contributes to the approval of the policy pursued in the east by Secretary Gresham and the administration of Mr. Cleveland. It is just as well to be suspicious of British opinion of our construction of the Monroe doctrine, but Secretary Gresham’s course ip Nicaragua, which htfs been clear and, patriotic from the beginning of his handling of the matter, is more intelligently discussed in the British papers than it has been by the American “jingoes,” who would pursue a policy, in! ■ the name of the Monroe doctrine, that would invite the constant provocation of foreign powers toward South American states, and would also keep us in hot water in the effort to assert a doctrine understood by few men as it has recently been expounded by Mr. John E. Bussell and Senator BilL • It is not generally understood, although it is a fact, that the Americans in Nicaragua who had a grievance which was similar to that of Consul Hatch, and would have justified a peremptory demand for indemnity and apology, deprived the United States of oil grounds for demand upon Nicaragua by accepting such hospitalities at the hands of the government that they could not, with justice or decency, invoke diplomatic controversy in their behalf.—N. Y. Times. COMMENTS QF THE PRESS. —When Reed, McKinley, et al., look over the political field, they see a good deal of plowing that ought to be done right away.—Tammany Times. -There are unmistakable indica tions that the republicans are going to carry on “a soap campaign,” compared with which Honest John Wanamaker’s will dwindle into utter insignificance.—Tammany Times. -The Cacheeo mills in Dover, N. H., announce a five per cent, increase in wages of employes. Mr. McKinley must think that: there is a conspiracy hatching against his peace of mind, as the times keep on getting better, but everybody else is happy. — Albany Argus.

» II I Xuv* lv|iuwA,iv<au *v*aa\*v<*» W*v *• quandary. They do not know how to maintain unjust election laws in Michigan, and hare them pronounced unconstitutional in other states where they would inure to the benefit of the g. o. p. The way of the transgressor is tough.—Detroit Free Press. -The wall paper trust is about to be woundup through judicial process. Ever since the repeal of the MoKinley law the trusts hare been shaking, and one after another is disappearing. Fair trade tariff legislation is bad for monopolies and the trusts have no show under the new tariff law.—Kansas City Times. -The American Theosophists hare declared their independence of foreign Theosophists and have determined to set up for themselves. As the .Wilson tariff makes no provision for a duty protecting our home Mahatma industry Gov. McKinley may yet have an issue without declaring himself on the silver question. — Louisville CourierJournal. -Six months after the repeal of the McKinley law, and the reduction of the tariff tax on tin plate to half the amount fixed in that measure, Mr. John Garret, secretary of the Tin Plate association, makes a report which exultantly declares that the industry is in more prosperous condition now than ever before. Though Mr. Garret resisted the repeal of the McKinley law, and would probably now favor its reenactment, he is obliged to confess that the new tariff law which reduces the rate on the plate, but removes it altogether from the raw materials used in producing it, is more favorable to the manufacturer than the McKinley law.—Kansas City Timea

REVENUES AND TAXESii. Wtmmail— iWilwMty u* Uw Talk irf ttortac Protection. Will t£e decrease In the expected yield, of the income tax result in a deficiency in the revenues? If so, how shall the lack be made up? These questions are important and may become pressing before thu time set for the regular meeting of congress. It is evident, however,, that only actual experience will show the revenue-yielding capacity of the remnant of the income-tax law. W ei shall know before the end of the fiscal year in June. The treasury officiids are hopeful that the revenues from all sources, which have lately increased in an encouraging manner, will equal the expenditures before that time. But if new sources of revenue must be had where shall they be nought? Some of the republicans, upon whom the initiative will rest, say “restore the McKinley duties and secure both ample revenues and adequate protection to American industries.” The claim is fallacious, the imputation is dishonest. These partisans conveniently ignore the fact that during the four years’ run of the McKinley duties the customs revenues fell off •157,000,000 compared with the preceding four years under the better tariff of 1893. They ignore too the fact, officially certified to by Secretary Foster two weeks before the end of President Harrison’s term, that, “in view of pressing contingencies”—L e., an impending deficiency—plates for a new bond issue were ordered to be prepared with all possible haste. The duties were increased in nearly every schedule by the McKiuley act with the avowed purpose of reducing the surplus revenue. They accomplished the purpose. By what kind of economic thimblerigging is it now proposed to increase revenues by resuming the same duties? As for “protection,” let facts speak. Under the present tariff, manipulated as it was by the democratic and republican trust agents in the senate, the average duty collected on dutiable goods last year was 50.06 per cent. This is actually the highest average tariff recorded in the history of the government. In 1869, under the war tariff, it was only 48.68. In 1883, under the McKinley tariff, it was 48.71. The per cent, of free goods last vear was 59.53. In 1892, under the McKinley law, it was 56.30. Theaverage rate on free and dutiable goods last year was 20.35; in 1893 it was 21.26. In the face of such facts and figures there is either gross ignorance or shameless dishonesty in the talk of “restoring protection.” If more revenue shall be needed next winter the easiest and best way to secure it would probably be to place temporarily a small additional tax on beer.—X. Y. World.

WAGES AND IMPORTS. Th« Keductlou In the Tariff Benefit* th® W urktugman. We are told by seine of our high protectionist friends i ’’ that the exhibit we recently made of the large importations, apparently due to the change in the tariff, are melancholy instances of national decline, because if the goods had not been imported they would have been made in this country. Now, this is just where our short-sighted critics are misinformed. In a large number of instances if these goods had not been imported those who have been using them would have had to forego their use. What they show is that our people have a larger amount than they otherwise would have had of the good things of life to divide among themselves. • These importations represent the payment that has been made for American exportations. "We have had, and in the future are to have to a larger degree, an immense export trade, that is, more and more of the commodities that the American workingmen produce are' to find markets outside of our borders, and in return for these sales we are to take into this country more and more merchandise which our people very much want, but which we either cannot produce or can produce only at such extravagant prices as to make consumption of the desired commodities possible only to those of large incomes. We are getting by degrees—and the more trade restrictions are taken off the nearer we shall approach to that condition—to a point when commodities that have hitherto been esteemed luxuries will come within the range of the purchasing power of the wage-earner. In the meantime wages are not going down. On the contrary, the evidence in all of our large manufacturing centers is that the tendency of wages is upward, the prices of the necessaries of life are to be lower, but the workingmen are soon to have as high a rate ol wages as they ever had, and probably in time a higher rate of wages with which to supply their own needs and the needs of their families.—Boston Herald.

■Ilntoliti Repudiated. The Buffalo Commercial is a republican newspaper, but H has no sympathy with the “jingoists” who are deploring the fact that Blaine was not alive to handle the Nicaraguan situation for this country. Here is an extract from its columns: “It Uncle Samuel undertakes to uphold every Central and Souta American country it Its quarrels with European powers and to save It from the penalty of its lawlessness, he will bo a bigger fool than he has ever given the world cause for suspecting him to be. Insuring Peck’s Bad Boy against lickings for cause wouldn't be a patch to this contract ” If Mr. Blaine’s coddling of the Soutli American republics has made them an] more friendly to the United States in their trade relations, there is no conspicuous evidence of it.—Brooklyn Eagle. _ -The increase of wages in all the cotton mills at Fall River is anothei severe blow to the ^McKinley calamity howlers. Returning prosperity has nc regard for the feelings of false prophets.— N. Y. World._ --What the republican party want* aa a presidential candidate ia some good figure head—the figure being more important than the h.***1.—A1‘ banv Argun- .

That Tired Feeling

It to remarkable bow many people there are who hate That Tired Feeling and seem to think it to of no importance or that nothing need be done for H. They would not be ao careless if they realized how really serious the malady is. But they think or tmj “It will go oft after a while." We do not mean the legitimate weariness which all experience after a hard day’s work, but that all-gone, worn-out feeling which is especially overpowering in the morning, when the body should be refreshed and ready for work, il to often only the

forerunner of narrow prcetrstion, with all the horrible suffering that term implies. That Tired Feeling end nervousness are sore indications of an impure aad impoverished condition of the blood. The era Ting of the system for help can only he met by purifying the blood. Hood's Sarsaparilla ia the one great blood purifier. It expels all imparities, gives vitality and strength, regulates the digestion and makes the weak strong. “In the spring I felt very modi ran down—no strength or appetite. 1 began to take Hood’s Sarsaparilla said ay appetite improved sod 1 did not have that tired feeling.” H. R. Bqciaas, East Leveret*, Mann,

SARSAPARILLA Makes Pure Blood. AM MAR f'AINT wry bucket of Hammer JPaiat is U. S. standard measure. It is painted bright chrome No knife needed to open it. Attach the key. on top of every can, to the strip of tin left wind it around the can and the top comes off easily. After Paint is used, the can with the makes a clean and valuable utensil about the house or barn. Besides the top edge is roiled Guaranteed 3 years.

INDUSTRIAL AND STATISTICAL. Wt do live in the “banana belt.” The country uses 18,000,000 bunches a year. < Nkw Yoke’s factories turn out every year goods worth over thirty-three times the cost of Central park. "~ * Is France the population averages about 187 to the square mile. In this country the average is twenty-one to, the square mile. At Kioto, in an exhibition of Japanese manufactures just opened, textiles, leather, machinery, upholstery, hardware, surgical and scientific instruments, glassware, etc., are shown at prices distancing all European competition. Russia in Europe has an area of 3,095,504 square miles; Brazil an area of 3,309,878 square miles. The continent of Europe does- not exceed 3,900.000 square miles in area. South America has an estimated area of 6,800,000 square miles. NEW NOVELTIES. The newest puncture proof band for use on cycles is made of strips of whalebone inserted between the air tube and the outer cover. The nursery tricycle has appeared in London. It contains two seats, one for the mistress and one for the maid and her charge, and has two pairs of pedals. Use has been found for the top cinder made in iron forges, which has hitherto'been wasted, and large prices are paid for it. It is needed in the manufacture of basic steel. Porous glass is a late novelty in the Paris market. The holes are so small that neither dust nor draft follows its use, and yet the ventilation is said to be excellent. THE FRENCH REPUBLIC. Two carriages were made in Italy and brought to Paris in 1559. The mud baths of Dax, in France, have existed and been more or less celebrated since the time of the Romans.

KNOWLEDGE ^Brings comfort and improvement and tends to personal enjoyment when rightly usea. The many, who lire better than others and enjoy life more, with less expenditure, by more promptly adapting the world's best products to the needs of physical being, will attest the Talue to nealthi of the pure, liquid laxative principles embraced In tho remedy. Svrup of Figs. Its excellence is due to its presenting In the form most acceptable and pleas* ant to the taste, the refreshing and truly beneficial properties of a perfect laxative ; effectually cleansing the system, dispelling colds, headaches and fevers ana permanently curing constipation. It has given satisfaction to milUons and met with the approval of the medical profession, because it acts on the Kidneys, Liver and Bowels without weakening them and it is perfectly free from every objectionable substance. Syrup of Figs is for sale by-all drug* gists in 50c and $1 bottles, but it is manufactured by the California Fig Syrup Co. only, whose name is printed on every package, also the name, Syrup of Figs, and being well informed, you will not accept any substitute if onerecL

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LYE IEWIS’ 98 * I P0W9£UCDA3n>?SBr0Bn. L (PAimimtD) The tironi/»*t and jwwart Lye made. Unlike other Lye, it befog a fine powder and packed in a can with removable lid, the contents nre always ready *<? use. Wfll make the 6««t perfumed Hard Soap la SO minutes wttAeat ftofe fop. It la the best for cleansing waste pipes, disinfecting sinks; closets, washing bottles, paints, treee.etc. PE«!tt.RALTITTCCd Osn. As*ata> fHHA., Pa