Rensselaer Republican, Volume 19, Number 42, Rensselaer, Jasper County, 23 June 1887 — Page 2

The Republican. G. F. MARSHALL, Publisher. RKXSSKI. A Eli, INDIANA

To* prospects of t(i» cotton crop nre everywhere reported the most favorable in seven years. EAKTngrARK shock* have visited Rochea-•ur-Rognon and LaverUoy, in the Depart* meat of Haut Marne, France. Shipments of through freight overland for May amounted to 17,000.000 pounds, the total being- the • smallest if several years. Tnk Russian government has prohibited Chinese and C'Orenns from settling in the Russian territory oonliguouj to their countries. Queen \'icroniA, in commeinoratibn of her jubilee, will grant amue.-ty to all military and naval pro-oners convicted of minor offenses. - - An. uirouTANT proposal to annul some of the Texationa regulation* connected with the corn trade will be introduced in the German Reichstag. The charges of-crookedness against the trustees of the Dakota insane asylum at Yankton, Dak., .have been declared unfounded by an investigating committee. William Wood, of the Grand Trunk railroad,. has been elected president of the Master Carbuilders’ association, which recently held its annual convention at Minneapolis. - ]

A utoll'TUN in Turcoman, a province of the Argentine Reput’,ic, was suppressed by the Government with a loss of 400 lives. The Governor of the province and other officials were made prisoners. Seckztabt Lamab has rendered a de cision affirming the title of John C. Robinson to a tract of land in New Mexico embracing 100,OtO acres, which had been held invalid by the general land office. Documents are displayed in the Norse department of the American Exhibition in London to prove that America was discovered in 9*5 by an Icelander named Leif Erikson. thus antedating Columbus 500 years. Tns Louden Times correspondent at Rome claims to know that the Vatican has noayUipathy with the Farnell movement, and that it is only prevented from openly repudiating it by the pressure from the Irish bishops. -The Ancient- and Honorable Artillery company of Boston will be represented by twelve delegates at the threa huitirsd and fiftieth anniversary of the Ancient and Honorably Artillery of London, to be celebrated July 11. - - The Pennsylvania Railroad Company has purchased the Bergen Point and Port Richmond Ferry Company, which is believed to indicate its purpose to establish on Staten Island a great shipping and receiving station. The Pay Department of the army has determined to make the experiment of monthly payments to troops more general than was at first contemplated, and extend the practice to all posts where Pay masters are stationed. The French ministry "wWnpt oppose the motion for urgency for the armv bilk Various measures for increasing the efficiency of the military establishment, both at home and in the colonies, are under consideration by the government. A famine is prevailing on the Cicilis plain, in Asia Minor, caused by the failure of crops several years in succession. About 80.0Q0 people out of a population of 160,000 are destitute. Appeals for relief will be made to the American people.

The new silver vaults in the treasury building at Washington will not be completed for several months. Meantime the department officials find themselves embarrassed by a lack of facilities for the storage of the constantly increasing accumulation of silver dollars. A farmer living near . Panama was. re ■ eently, while-returning from work in the fields, surrounded by an electric flame, which burned off part of his hair and beard, consumed one eyebrow, and played other fantastic tricks with him. He Buffeted intensely, but is recovering under medical treatment. Adjutaxt-Gexkrai. Ghat. of the Grand Army. aLtfae Republic, is bnsilr engaged in issuing to all the posts in the country an important document in the nature of a dependent pension bill whose passage will be urged upon the next Congress. It was drafted by the National Pension Committee of the Grand Ariny of the RepubThe champion hailstone story comes from Roumelia. A Philippopolis dispatch states that hailstones strangely shaped, pointed, and weighing over a pound each recently on the south slope of the Balkan Mountains, which destroyed the harvests, killed many laborers and cattle in the fields, and pierced the roofs of houses like bullets. The Vanderbilts, is is said, are going to build a lot of houses to be sold at cost to purchasers on yearly payments. A sew and exoellent feature of the plan will Jm> a life insurance policy, for the amount remaining unpaid which will cancel the debt, if the purchaser should die, and give bin heirs the property dear. The undertaking is One to bo' commended.

CONDENSED NEWS.

Latest Intelligence From all Parts of the World- ' FIRE RECORD. Fire at Washburn, Ind , distroyed property to the extent of $90,000,' . Tanner, Sherman <* Stark'* Morning '■ Star mill*, at Otter Lake, Mich., burned. Loss. ff.VOOO; partly insured. Turnbull's white lead factory in Newton. L. I„ was burned. Loss, $75,000. juAUSL Louis, Mo., on Monday night, the Lafayette Brewing Company's building was gutted'by firo. Loss, $15,000. Almost simultaneously with that fire, a fire broke out in Mound C’jty street car company's stables, roasting to death about 300 mules. Losses about SOO,OOO to $75,000.

CASUALTIES.

Five men were badly burned by the ex' plosion of gas in t he Twin colliery operated Junction. Pa., near Scranton. Patrick . Barrett and Edward Mooney have died and Michael Finan is not expected to live. Throe yonng then were drowned by a sudden stornij while rowing on the lake at Chicago. d A construction and a freight tram were 'ii tollision noar Makando, 111,, Saturday morning. Engineer Hall being killed and j Fireman Shroeder, injured. Six cars and ; their contents were burned. A number of freight cars were wrecked Sunday by a collision of trains near Montoursville, Pa. Engineer Erastus Hinckley was killed.

A heavy wind struck Rockford, 111., and unroofed buildings. I; is also stated that the same wind storm drove the steamer City of St. Louis ashore at Lake Minnetonka, and made things move around very lively at Minneapolis. Minn. A can of coal oil exploded in the house of a miner named Hopper, at Pittsburgh., _Paa_and his wife an J child wera fatally burned. The steamer Champlain of the Northern Michigan Lino burned off Charlevoix, Mich., Thursday night, at midnight, and eight or ten persons are reported to have lost their lives. The ( ham plain was a small -propeller r -what is known as canal size and was built.in 1806 for the Nortlierh Transportation Company, which ran n line of daily boats between here and Ugdensburg, N. V. The city of Grand Forks, Dakota, was swe'pt by a tornado, Thursday. Four persons were killed, many wounded and a large number of buildings blown down. The Hon. Samuel L. Wilson, a prominent member of the Erie i Pad bar, was drowned while fishing. Two men were killed and two shockingly mutilated in the Mill Creek mine of, the Delaware and Hudson Company, at Wilkesbarre, Pa. In the same mine a man was killed Monday, and the regular hands would not go to work the day after, as the accident had occurred on the 13th of the month. Two brothers named Fisher were crossing a bridge near Butler. Mo., with a traction engine, when a part of the bridge gave way, and they were precipitated in the water, and held there two hours, one entirely under the water, and the other with his head out. A wagon load of nitro glycerine cans exploded near Olean, N. Y. killing Lem Hart, whose mangled r -mains were found many yards away. The wagon was blown to splinters, the horses badly mangled, and fences were demolished. Matthew Rapp, a prominent farmer living seven miles east of Ft. Joseph, Mo., was instantly killed by lightning. Five men were killed and many injured by the explosion of a dynamite cartridge in the Tennessee Coal, Iron and Railroad Company's mines at Inman, a few miles from Chattanooga. The victims were nearly all-English. Mrs. A. Glazebrook, of Louisville, Ky., while aslt-Cp, walked out of a window early Monday morning and was killed by the fall.

CHIMES AND CRIMINALS.

It is rumored that the negroes of Laurens county. S. C., have organized secret oath bound clubs with the intention of burning out and massncreing the white planters, taking the white girls as wives, and enslaving the white children. The whites have organized a cavalry company and applied to the governor for arms and ammunition. The governor is prepared to put ono or two regiments of militia in the county at very short notice, and says that if it is necessary all thetroops Of the State will be ordered out and he will himself go to Laurens. The Chicago boodlers were found guilty -of obtaining-money under -false pretenses' and Sentenced to three years in the ..Deniten tiary. A stage running between Ballwin and Barretts, Mo., was robbed by masked men. Henry Y. Lesley, the defaulting Secretary of the Chesapeake and Delaware Canal with J. A. L. Wilson, the embezzled over $65,000, has been arrested. ; Bud Matthews, charged with assassinating Robert Meadows, an aged man, has been held for trial at Forsythe, Mo. Maxwell, the rootderer of-Preller. will hang, as the Supreme court at S^- Louis has affirmed the finding of the lower court. The mystery surrounding the disappearance of Willie Dickenson, from Commonwealth, Wis.,.six years ago, is being . cleared up, and in a way to show The unfortunate boy was murdered. Letters ; have been found at Milwaukee purporting > to have been written by the man who abT ducted the child and afterward killed him. Patrolman F. A. Register, of Kansas City, Mo., was shot in the left shoulder by a footpad whom he was trying to arrest for shooting a citizen. An organized gang

of highwaymen i* supposed to be infesting that dity. Sidney A. Dwight, aged 65, cashier of tho only national bank in Coxsackie, N. Y., is short in hia" account* between $50,000 and S6O/100. The deficiency 1 will be made good by the. stockholders. The shortage in the accounts of Walter S. Condon, Grand Secretary-Treasurer of the Switchmen's Mutual Aid Association of Kansas City, amounts to $7,00Q. The police nre after him. The evidence in the McGarigle- McDonald conspiracy case was concluded at Chicago Tuesday. It is thought the case will be given to the jury by the 18th inst. On the ore docks of the New York, Pennsylvania & Ohio Railroad at Cleveland, a serious riot occurred, in which negro workmen and the strikers engaged. Many were injured on both sides. Hamilton and Eubank, charged with murdering Gambrell, the prohibition editor, were held without bail at Jackson, Miss.

INDUSTRIAL

-The -fitst. train run wes t of- the Allegheny I Mountains with crude pretrojeum as the fuel in its locomotive tender arrived at Pittsburgh, l’a., on time, and there was no annoyance to the passengers from smoke or cinders. The Hungarians at the Sterling and Jimtown Coke Works, in Pennsylvania, returned to wOrk Thursday at old rates, which is considered equivalent to a breaking no of the strike. The new scale of prices given out by the Amalgamated Association at Pittsburgh, Wednesday ; it is an advance generally of 10 per cent, on the lower rates, and a number Of new stipulations fire made. The manufacturers say they will not grant the advance. ;

The strike of all the building trades in St, Paul, Minn., was inaugurated Wednesday. There was no disturbance, the men leaving the’r work quietly. It is said the plumbers and plasterers will join the strikers.. The strikers at the Pennsylvania Salt Works at Natrona, Pa., have been served with writs ordering; them to vacate the company’s house on or before the first Monday in July. The alternative is eviction. The Crozier Iron and Steel company at Philadelphia, has mado an assignment for the benefit of its creditors. The preferred creditors amount to $378,000. The works are locate J at Roanoke, Va., and the principal owner is Samuel A. Crozier of the Chester rolling-mills, Pennsylvania, who is rated at from $1,‘000,000 to $3,000,000. The iron manufacturers assert they will resist any claim for an advance of wages made by the Amalgamated Association, but are willing to sign last year's scale. The workmen will demand an increase of about 11 per cent. The date of the conference between committees of the employers and men has not yet been fixed.

WASHINGTON.

President Cleveland has rescinded the order for the return of the rebel flags. He now expresses doubts of its legality, and intimates that if such apian is carried out in future it can only be done by the direction of Congress. The board of examiners appointed by Secretary Whitney at Washington, to decide which of the designs for cruisers and gunboats, submitted by naval experts in response to a circular from the navy department; are the best adapted to the purposes intended, have finished their work, reported their conclusions to the secretary. The prize for the best design for each.type of vessel is $15,000, and the successful competitors will be made known in a few days. The President has appointed Vincent Lamantie of Lousiana to be United States consul at Catania, Italy. A petition for a writ of quo warranto against John N. Oliver has been filed in the District Court in the name of the United States at Washington, calling upon him to show by what right he continues to exercise the functions of justice of the peace. President Cleveland has approved the recommendation Of the War Department that all flags held by the department be returned to the authorities of the States in which the regiments that boro them were organized.

POLITICAL.

The Labor party of Kentucky nominated at LaGrange, a full State ticket headed by A. H. Cragip, of Crittenden, for Governor, and O. N. Bradburn, of Louisville, for Lientenant-Governor. The 0h : o Union Labor Party's State Convention' will be held July 4. The Rhode Island House passed a bill to enforce the prohibitory amendment by a vote of 33 to 30. The Illinois Legislature adjourned sine die Wednesday evening. The appropruu tions voted are slightly in excess of $7,600,000. “ The- Virginia State Democratic Committee met at Richmond and decided to ■call the State Convention for -Aug. 4,--at' Roanoke. —l Ex-Secretary (handler was Tuesday elected Unfted States Senator by the New Hampshire Legislature. ' The constitutional prohibitory amendi setts House -135 to 73.

GENERAL.

The World balloon, which started from St. Louis on a trip to New England, landed at Hoffman, IIL, near Centralis. The failure of t]je trip is laid to poor gas and the illness of Prof. Moore, who fainted from loss of blood fis>m his lacerated . hand. The balloon reached an attitude of 16,000 feet, the highest on record in 1 America. A shock of earthquake was felt at Summerville, S. at 10:37 a, m. Sunday. It

was accompanied by tha most prolonged roaring heard therß since Oct. 22 Of last year. ( • „ Mrs. Alexander Mitchell hat decided not to contest the will of her husband and ! the will Was admitted to probate at Mil-' ; waukee Saturday. . Bijou, a famous elephant that has been before the American pubjio for sixty years, whs killed by poison last Saturday night at the World’si museum, Boston, where it has been suffering from old age and disoase. • The situation in Chihuahua, Mexico, j where thedpare two rival Governors and I State Legislatures, excites interest, but it is not believed that the Federal Government will actively interfere, except to preserve the peace. I Hon. J. G. Blaine arrived at Liverpool, I tnglnnd, on Thursday, in good health. Ex-President Hopkins of Williams College died at North Adams, Mass., Friday. S. Tousey, President of the News Company, New York, is dead. A monster balloon passed over Elgin, 111., atG o'clock Ihursday evening. It 55ns traveling very high up m tha air ami came from a southerly direction. ; ; The Sons of Veterans, in-camp ,at Des Moines, lowa, passed a resolution protesting against the return of rebel flags to Southern States. A preliminary injunction was issued Thursday by the United States Court at Pittsburg restraining the Buffalo, Rochester and Pittsburg Railroad from issuing $3,000,0(10 certificates of indebtedness without consideration.

A Halifax (Canada) special says: If dispatches from places along the Cape Breton coast can be relied upon half the American mackerel fleet are in imminent danger of being captured. There are only four cruisers ©nUnmong the fleet of nearly one hundred Americans. Mackerel are very plentiful, mostly in-shore, and, as cruisers are few and far between, the American skippers, of course, do not hesitate to take fish wherever and whenever they can do so with apparent safety. On the Board of Trade in Chicago, on Thursday, the third day of the panic, things were more quiet. J. B. Wiltshire, of Cincinnati brought suit against Rosonfeld <fe Johnson for $2,000,000. This and a number of other suits that have been commenced, grew out of the collapse of the wheat corner in that city. The statue to Nathan Hale has been delivered by the committee to the State of Connecticut. In Ohio general indignation has been aroused by the order of tha War Department, directing that captured rebel flags be returned to the Governors of the socalled Confederate States. Interesting correspondence on the subject passed between Governor Foraker, division commanders, and others. A protest has been forwarded to President Cleveland.

FOREIGN.

While a party of 250 pilgrims were crossing the Danube river near Paks in Hungary their boat was capsized by a hurricane. One and twenty-seven were rescued and eighty-seven are still missing, and the bodies of 101 who were drowned have been recovered. Editor William O’Brien was welcomed by thousands of people on his arrival at Dublin Saturday. He was met at the station by the lord mayor and corporation and by Messrs. Davitt, Kenney, and others. > London dispatches announce that the government leaders are elated over their success with the coercion bill in committee, and that the Gladstonians and Parnellites is regarded as a doubtful form of protest. Mr. O’Brien, the editor of the United Ireland, who arrived at Queenstown Friday on the steamer Adriatic, from New York, received an ovation upon leaving the vessel. There has been a great conflagration in Botuschany, Roumania, a city of 40,000 inhabitants. Eight hundred houses were destroyed and seven persons were killed. The Queen’s jnbilee was. celebrated at Glasgow, Thursday. A grand memorial religious service was held in the cathedral. Six thousand poor people were given a dinner at the public expense. One of the features of the celebration was a review of 10,000 troops. A number of banquets,and balls was given Friday evening. At a meeting of the Dukes of Coburg and Edinburgh recently,"at Rerlin Germany, it | was decided not to depart from the legal line of succesion.

THE MARKETS.

CHICAGO. Beeves —Choice to Primes 4.10 @ 4.45 Good Shipping 3.50 @ 4.3 ) *- Common...?'.. 3.75 @ 4.23 Hogs—Shipping Grades 4.85 @ 5.05 Elouh —Extra Spring .. 4.25 @ 4.50 Wheat—No. 2 Spring... 69 @ 78 % Coen —No. 2 37££@ 8i Oats—No. 2 ... 25‘i@ Butter—Choioe 16 @ 1(1'7 Fine Dairy .... 13 —@~ 13 Cheese —Full Cleans Chd 8 @ 8 }-^ Full Cream, new 8 @ 8 :1 i Eggs—Fresh ..... ~.. 10 @ 10’ % ■ Pore —Aless 23.CQ @23.60 NEW YORK. Beeves 4.50. @ 5.29 Hoos .... .... ........ 5.30 @ 5. 0 Wheat —No. 2 Red ....7 98 ! ■_>@ 97 Conn —No. 2 Oats —White.... 37 @ 41 1 Pork —New Mess 15.50 @15.75 ST. LOUIS. i whe AT—Nd.~2E6J ~rr.r7^ a W T: w i 4 Corn —Mixed 37 @ 37 Oats—Mixed 27 @ 2,'tj Pore —New Mess ....... 1-00 @ 15.. 0 CINCINNATL , f Wheat —N 0.2 Red $ 87 @ 87 Corn—No. 2 40ib@ 4l Oats No. 2 :9R 2 @ SO Pore —Mess.... 15.00 @1 .0 Hoos 4g>o @ 5.09 DETROIT. Wheat—Na 1 White. 88hg Michigan Red... BJ?jj ; Cons.... - - 42 : Oats—No. 2 SO No. 2 White ...... 3'2}{ j Cloved Seed.. j

A LAKE HORROR.

The Steamer Chaplain Burned—Thirty Lives Lost. , j , A dispatch from Charlevoix, Michigan, in regard to the burning of the steamer Chaplain on the 17th inst. states that, “There were fifty-seven persons, passengers and crew, on the Chaplain, and of these but twenty-seven are known to be saved. Captain Casey Bays that within ten minutes from the time the fire broke ont the boat was wrapped i|i flames. The : Captain gave immediate orders forloweri ing the life-boats, and headed for Fisherman’s Island. She grounded a mile from shore, however, and the passengers were forced into the water, many of them ip : their excitement jumping overboard. The books were lost. The clerk, Henry Brennan, died of exhaustion after being, picked up, an<! it is doubtful if a complete t list of the lost will ever bo secured. ' A full and Complete list of tho victims as far as positively known, is as follows: Ella Smith, Robert Wilkes, George Wrisi fey, of Charlevoix; M-Kehoe. of Chicago, Harry Brennan, one fireman, the second cook, Jack Hartley; Stewart Beans’ two children, J. R. Rogers, the United States Hospital Surgeon of Fort Mackinac and his son; Ed Wilkin3, cabin boy, of Madson, Wia.; Captain Lucas, of I’otoskey; Mr. C. H. Russell, of Jackson, Mich.; Mr. and Mrs. A. Falk, of Harbor Springs; and four- Indian deck hands. The bodies of Mrs. Smith, Captain Lucas, Rogers, Russell,Brennan. Hartley, Wilkins, Wilks Wnsley and the fireman have been recovered. Captain Casey is much complimented for his coolness and bravery in the trying ordeal to which he was subjected. When the fire broke out he headed tha boat for Little Island, two miles distant, but she struck a reef and could go no further. All that is yet known of the origin of the fire is that it broke out near the boiler. A large amount of freight and four valuable horses were lost. The bodies 7 of the dead have been packed in ice here, and await the orders of friends.

THE INTER-STATE COMMISSION.

Will the Long and Short HauT Clause be Suspended. From Washington, D. C., we learn much interest has recently been shown in a quiet way in the doings of the Inter-State Commissioners. It has boen learned that the railroad managers all over the country are awaiting with impatience a final decision of the application of the Southern roads for a permanent suspension of the long and short haul clause. There-is no reason for this impatience, as the ninety days’ temporary suspension does-not expire till July 5, The seventy-five days’ reSpit given the transcontinental roads will be up a little later. Since the Commissioners got back from the South much of their time has been spent in executive session, and it is presumed that the testimony taken is by this time thoughly digested. It is certain that everybody who had facts to present on either side has had a chance to do so. There have been rumors that the Commissioners are having much trouble in reaching an understanding about the Southern roads. One story has placed Messrs. Cooley and Morrison as opposing further suspension and Bragg, Schoonmaker, and Walker as favoring it. Other rumors have reversed this, and every Commissioner has been guessed to be on both sides of the question. As the discussions are entirely private, there is plenty of room to guess what the interchange of opinions may be, but no one ventures to predict the Anal decisioa. It would probably not be going beyond the boundsvjjf,, reason to say that a majority of the Commissioners think the weight of the evidence as applied to the Southern roads was favorable to a suspension. They came back from the South disappointed at the meagreness of the protests against suspension. And if the_decision wei e to be made for the Southern roads entirely independent of the rest of the country there is little doubt what it would be. But the proposal to give the lines south of the Ohio river relief has”to be judged with regard to the whole country. When the transcontinental lines were putting in their testimony tor a suspension no one who heard it thought a strong case had been made out. Yet there are not many who think the Southern roads should be given an exemption which is denied the Pacific companies. The commission has also been met with a widespread popular fear least, if the stretch of country south of the Ohio be exempted the most important provision of the law, a precedent be made which will in the end nullify the whole legislation. The conservatism of the commission in suspending the law temporarily at the outset was approved on the theory that it .wonld tend to aliay many of the.. evils pictured by its-opponents. But a permanent suspension wa3 not dreamed of, and the weight of public opinion has been that if real; hardships are worked Congress would remedy -them. The decision to be made within the next weeks on the petition of the Southern roads for a suspension will probably determine the character of the additional legislation that may be looked for from Congress.

HEIRS TO FORTUNE.

A Great India Estate Going to San Francisco Parties. ' A San Francisco dispatch states that TnrrYwholesale butchers nf that city -havgbeen thrown into great excitement by news that they had fallen heirs to a great estate in India. Kaufman Wertheimer received a letter from his sister in Baden, Germany, informing him that he and his immediate tWatives were heirs to $30,000,000. Mr. Wertheimer was seen and confirmed the story, which at first sight looked like a canard. He said: “Here is a letter whjch I have received from Germany from a cousin of mine. It states that the German Embassador in England has succeeded in inducing the British India Government tr forego its claim to the estate of Leopold Mayer, who died intestate in

'* .... India twenty-five years ago, and whose property was thereby escheated to the Crown. The property, as the letter states, is valued at 30,000,000, but whether it is pounds, sterlings, dollars, thalers, marks or rupees, lam ignorant The claim to this money has been known for a number of yeais, and several members of my family have been pushing it and endeav- | oring to get the German Government to j move in the matter. Leopold Mayer was 1 a'great uncle of mine on my brother’s | side. He went to India years ago, and I remember as a little boy hearing my I mother speaking of him. The persons who are entitled to shares in the estates are my two brothers, Michael and Joe, my sisters, Mrs. F. Uri, Mrs. J. Kern, of Sacramento, and Mrs. E. Solomon, of Baden, Germany, and an aged aunt also residing in Germany. The letter requests me to forward certain documents to Germany relating to the prosecution of the I claim, and I shall send them by mail early : next week.” Mr- Wertheimer showed tho repdWfer the letter and some documents that proved conclusively the genuineness of the -family claim to the Indian for- ; tune. Wertheimer is well off, but he is : naturally-anxious to know the value in ! American dollars of the inherited millions.

A FINANCIAL STORY.

The Negotiation of one of the Earliest Loans of the-United States. A few days since Mr. Corcoran, the celebrated banker of Washington, D. C., was stricken with paralysis, and his illness gives an especial interest to the almost unknown story of tho negotiation of one of our earliest national loans, and the sudden success of the banking firm of Corcoran & lliggs. The firm was but two years old when the Mexican war began. The debt of the United States then was $15,650,000. The urgent and immediate requirements of the government made it necessary to put upon the market a loan of $10,000,000, followed by another for the same amount, at 5 per cent., then a low rate of interest. To carry a government loan of $20,000,000 at 3uch low interest was a financial feat that the great bankers of that epoch in the United States dared not venture. Robert J. Walker, of Mississippi, was secretary of the treasury. At a period when the capital of a yonng and growing nation was pretty well absorbed in improvements, he realized that it would be to go into the open market and obtain his money as an individual would. He went there. The Washington firm of Corcoran & Riggs de-., cideil to take the first loan of $10,000,000 flat, with the privilege of tho first offer of any other that might be tendered. The second, for the same amount, soon followed. —' At first there were difficulties. The great Quaker bankers of New York ami Philadelphia,-such as Josiah Macy & Sons, would have none of the loan, because the money was to be used in making war. They were men of peace. But there was a demand. Trustees with money to invest for minor heirs took some of the bonds, and there was a fair home demand, When something occurred to change the entire affair. Lord Ashburton, of the banking-honse of Baring Brothers, was then in this country negotiating a treaty with Daniel Webster, lie was deeply impressed with the resources of the country. One day Messrs. Corcoran <fc Riggs were astonished beyond measure to receive a letter from the London house of Barings offering to take A’1,000,000 worth of United States bonds, or any part thereof, at par. Three days thereafter the same proposition came from the great-firm of the Hopes, at Amsterdam, intimate friends and part owners in enormous interests with ©ta. Barings. Aa it never rains but it pours, the Rothschilds followed with a similar offer, but to take £2,000,000, or $10,000,000. Lord Ashburton had read of the loan; He thought he knew a good thing when he saw it. The other great firms followed the lead of the Barings; the rest is history. When it was too late the New York bankers would gladly have come into the syndicate, but they were not needed. The loans of the government from 1846 to 1848 amounting to nearly $40,000,000, were handled by Corcoran & Riggs, who at one step went to the front and were the clients and friends of the Rothschilds and Hopes and Barings, who were the world’s princes of finance.

THE STEAMBOAT MEN.

The Conveution at Cincinnati. The attendahCe on the Steamboat Men’s at Cincinnati, was quite large, and much interest was shown. -The-report of the committee on permanent organization was adopted. The name will be the Commercial Association of the Navigabie Waters of the United States. The purpose will be the mutual protection of steamboat owners and shippers. The officers will be a board of nine trustees, a president, sneretary, and treasurer: t.ha—board of trustees to have power to employ agents and do those acts to carry out the purposes of the association. Each steamboat in the association shall pay $lO per annum, and be liable to additional assessment if necessary to defray expenses. Trustees were elected as follows: W. J. Kountz, of Pittsburgh; Charles Mnhlman, of Wheeling; D. Parker, of Cincinnati;. J. G. McCullough, of Louisville; Frank Hopkins, of Evansville; Joseph Reynolds, of St. Louis; E. C. Carroll, of Vicksburg, and T. P. Leathers nf NfcW Orlannn TJ,.. trustees will elect president, secretary and treasurer from their number. Headquarters will be established in Cincinnati. Immediate steps are to be taken to have auxilliary organizations formed in the various river cities and lake ports. AlL_ members of the organization are request* ed to Urge upon their representatives in Congress to sustain the Inter-State Commerce Law. A resolution was adopted requesting Senators CullOm and Reagan to use their influence in favor of the enforcement of the law to jthe letter. A committee was appointed to call upon the Hon. John G. Carlisle and urge him. tn the same course of action. -