Rensselaer Republican, Volume 18, Number 48, Rensselaer, Jasper County, 5 August 1886 — GENERAL. [ARTICLE]

GENERAL.

The pallium was conferred upon Archbishop Fabre at Montrefil by Cardinal Taschereau amid great pomp and splendor. There was an attendance of about 17,000. .. .William P. Pierson, cashier of the American Baptist Publication Society, is charged with being a defaulter to the extent of $30,000. A syndicate, having for its purpose the “cornering” of Kentucky and Bourbon whisky, has been formed, with a capital in excess of $1,080,000. Senior <t Son. of Cincinnati, and E. H. Taylor, of Frankfort, are said to have been the organizers, but other perfeons in Chicago and elsewhere are interested in the scheme. The syndicate is reported to be buying up all the free whisky of the years 1877 to 1883, and expect to be able to control the output and the market price for years to come. The Postal Telegraph Company has been completely reorganized by foreclosure and sale. Mr. Mackay is the principal stockholder aud the new company will push •its'fines toward the Pacific. Thebe were 162 failures in the United States last week, against 184 in the corresponding week of 1885. Telegrams to Bradstreet'S point to the distribution of a smaller volume of general merchandise than in any previous.week during the year. This appears to be regarded as a natural outcome at this season, and representative traders at leading cities continue to express confidence in an active and profitable trade in the autumn. The July cotton report to Bradstreet's shows that the late heavy rains in the Atlantic States, Alabama and Mississippi, have left the plant in a condition well toward bad, as against good at a like period last year. The crop is equal to last year's in other States, except in Louisiana, where it is fair only.