Rensselaer Republican, Volume 21, Number 10, Rensselaer, Jasper County, 8 November 1888 — Page 2

£he Gbo. E. Marshall, Publisher. RENSSELAER. - INDIANA

The nroportion of old maids is increasing, so they say, and a woman of some note in the literary world congratulates her “sisters" on fbelrindcpendence. She insists that as a rule old maids are intellectual and interesting. It does not appear whether the fact in the census is owing to a growing spirit of independence on the part of the womejj or of the same on the part of the men, This same writer hints that women have so many new and interesting fields of work open to them that they consider husbands as useless incumbrances. All of which may be true, but we shall not wait till the proportion gets to be considerably larger before believing that marriage fees and divorce courts are no longer necessary. Horace Mann used to say the most useful member of society was an old maid, and that no community, however small, could get on without one or two. Ne can probably survive a considerable increase of the stock.

The phonograph is said to be causing as much annoyance in some quarters as the instantaneous photographic process. One was recently used to steal the score of a new opera. It was discovered however, and ejected from the house. It was concealed under the coat of the wouldbe thief. There is, of course, no objection to its use at a concert to retain a song, or at an opera to retain a score, to be repeated and re-enjoyed athome. But there is a startling probability that some people will, by and by learn to stay at home and save expense by having an agent secure the opera at the cost of one ticket of many. Actresses and actors are said to be utilizing the instrument to get the exact vocal expressions desired by instructors, and then by mimicry arid repetition secure the prec se tones. . The applications of the phonographare probably far more various than that of telegraph or telephone. Sir William Thompson writes to Edison that it is the most valuable aid to science of our age.

INDIANA STATE NEWS.

Richmond has.a traveling club. Anderabn livery men have organized a trust A horse at Worthington is thirty-five vear old. Tramps are enjoying the hospitality of some of the Lake Maxinkuckee cottages. ; ■ ... Alex. Creamer is an old veteran of Waynetown, and applied for a pension ip 1879, He never heard from it until Friday, when he was informed that he had been granted a pension with back pay, which will give him about $2,000. The officers of the various State industrial associations have agreed upon the following dates for the annual meetings of their several societies. Hort cultural Society. Tuesday, Dec. 4; tile-makers; Tuesday, Dec. 14; delegates meeting agriculturabboard, Tuesday Jan. 8; canegrowers, Tuesday, Jan. 15; bee-keepers, Wednesday, Jan. 16; poultry-breeders, Thursday. Jan. 17; Jersey cattle-breed-ers, Tuesday, Jan, 22; Wool-growers, Wednesday, Jan. 23; short-horn cattlebreeders, Thursday Jan. 24; swinebreeders, Friday, Jan. 25. Each of the societies will meet in the agricultural rooms of the Capitol. The Horticultural Society, at its meeting on Dec. 4, expects to exhibit th« finest collection of fruit ever shown in the State. The session of the Board of Agricultural will last a week and will be attended by delegates fromxither sections.

French Tea and Coffee. Good Housekeeping. ■ .». . » A noted French chef makes coffee by pouring boiling water on the ground berries; after filtering, the water is again boiled and again poured on the coffee; and finally a third time. He does not boil the water and coffee together, nor put the coffee in cold water and let it come to a Boil. To make good tea, he says, you must pour boiling water on it and throw it out immediately. Then pour one-thirti of the boiling water required, put the pot over a steaming apparatus, and then add another third, and finally the last third, repeating the steaming, in order to let it draw without boiling. This is what the French cook of a well-known millionaire koes.~

THE FINANCIAL OUTLOOK.

New York Sun. * As I have several times already had occasion to remark, forecasting the financial future is like foretelling the weather. We are able to predict the course of the money market in a general way, just as we are able to say that the winter will be cold or the summer hot, but, as we cannot be certain how cold or how hot it will be at a particular date, so we cannot tels exactly when and how financial events, which we see to be impending, will take place, nor even to be sure that they may be averted by causes not yet apparent With this warning in advance, I desire to call the attention of my readers to some elements of the financial situation which, I think, indicate coming trouble. The chief of these unfavorable elements is our short crop of wheat, its consequent rise in price, and, as a further result, the diminution in the ol it exported. The Govern-1

ment bureau estimates the crop at semething over 410,000,000 bushels, against about 450,000,000 bushels last year, and the same quantity the year before. -tUnofficial estimates are higher, but not materially so. When it is considered that as far as 1882 the crop was over 500,000,000 bushels, that it was 512,090,000 bushels in 1884; and that our population is steadily increasing in numbers and in consuming power, this decrease to 410,000,000 bushels is quite sufficient to account for the rise in price without dragging in the operations of speculators like “Old Hutch,” who only take advantage of events which they have no lymd in producing. It is sometimes said that as the diminished crop brings at its high price the same amount of money as a full crop at a lower price, there is no loss for the diminution in quantity, but this is a fallacy. The producers may, indeed,'come off as well as usual, but the great army of consumers necessarily suffer. They have to ’give more of the results of their labor for their food, and thus have less to spend for other commodities. Moreover, the increased price of wheat does not fully compensate for the dimimshed amount to the exportable surplus, and thus make that surplus as valuable in payment for our purchases abroad. This is shown by the latest report of the Bureau of Statistics at Washington In the three months ending Sept. 30, our exports of wheat were of the value of only $14,684,138, against $28,843,283 in 1887, and of wheat flour $11,9. 6,275, against $13,520,930 in 1887. For the first nine months of the year, also, the total value of all kinds of breadstuff's exported was $81,259,789, against $19,802,624 in 1887. Here is a falling off of $48,632,835—n0t an inconsiderable sum by any means. How seriously this decrease in food exports affects the financial situation is manifest from the further fact that up to Sept. 1 the returns show a net diminution in the value of our exports of all kinds from $435,208,047 in 1867 to $402,969,821 in 1888. During the same period our imports increased from $279,807,277 in 1887 to $490,390,749 in 1888. The result is a balance of trade against us of $87,420,928 for the first eight months of this year, instead of $44,599,241 for the corresponding eight months of last year. If, as now seems very probable, the exports of wheat and of flour for the remainder of the year should continue to decline, this adverse balance will be larger still. The exportable surplus is 50,000,000 bushels less than it was last year, and at prevailing prices and freights Europe can be supplied with equal if not greater cheapness, from other sources than from this country. Already Hungarian wheat is pouring into France and Italy, and Russian wheat into Great Britain. Indian wheat has also begun to come freely to market, and it looks as though, notwithstanding our increased exports of Indian corn and of cotton, the balance of trade against us this year will .be at least $75,( 00,0C.0 larger than it was last year. How are we going to meets this balance—with securities or with gold? The question cannot be answered without considering the financial condit ion of Europe, and particular!y that of Great Britain, which, for the last two or three years, has been an excellent customer of our railroad stocks and bonds, both old and new. The crops in Great Britain have, like our wheat crop, been poor. It is estimated that she will have to buy abroad. 40,900,000 more bushels of wheat alone this year than she did last year, without counting other kinds of food. Since, as I have said, she will procure more of this deficiency from elsewhere' than from this country, she will have so-much the less surplus to invest here.

France, , too, has had a bad wheat harvest. In addition, her government is spending more than its income, and has been doing so for several years, so that her wisest financiers are seriously anprehensive of national bankruptcy. The failure, too, of the Panama Canal scheme, in which the French people are deeply involved, is daily becoming more and more imminent, and in view of it prudent French capitalists are reserving their means. Then, there is the great French copper syndicate, which is staggering under a load of 100,090 tons of copper costing at least $30,000,000, and the burden is daily increasing. The ultimate collapse of the speculation is as I certaih as was that of (lie lead syndicate last week and it may occur any day. When t does occur it will make a very unpleasant sensation.

Neither from Great Britain nor from France, therefore can we expect any inci eased demand for our securities, and both are likely to waut gold. The stock of the metal, in the Bank of England is the smallest it has been for years, being leea than $100,000,000 and the drain upon it by Russia and Germany has just compelled the bank to advance its rate of discount to 5 per cent. Fftr the last few days the rate in the open market has fallen much below this, but the Times says that it is the result of stockjobbing manipulation. The Bank of France has stopped paying out gold, and even sells it only in small quantities. Germany is taking gold for export to South America, and Russia for a basis of an increased paper circulation. The political condition of Europe is likewise disquieting. years have elapsed since thF last European war, and it is time io expect

another. France is smarting under her defeat by Germany in 1870.«nd burning to recpver her lost territory. Germany has a young, ambitious, and warlike Emperor, only too willing to seek the bubble reputation at the cannon’s mouth. Austria and Russia keep watch upon. Turkey and up'on each other, waitihg only the propitious moment to go to war Qver their prey. Great Britain, which has so long been the preserver of the peace on the Continent, is crippled, -if not made powerless, by the troubles in Ireland, and by the growing discontent of her laboring people. Thiis,' the political elements abroad ate in what the chemists call an unstable equilibrium, which may at any day become a rearrangement. During this process there will be more or less collision, and, if not actual w’ar, an amount of preparation for it which will be nearly as costly. That it will for the time upset the financial ■ ■world, and cause a withdrawal of funds from peaceful industries, all experience, teaches. I am inclined to think, therefore, that a considerable export of gold in the .course of the winter is more than possible, and, though «it ought not to have an unfavorable effect upon our money market, yet such is the constitution of human “nature that it will. The Treasury has $200,000,000 of disposable gold, which is equal to the combined stock of the Bank of England and the Bank of France. The banks of this and other cities have $109,000,000 more in their vaults, there are some $300,000,000 in the hands of the public, and we produce from our mines a surplus above consumption in the arts of $15,000,000 annually. It would seem that we might spare out of this immense stock $50,000,000 or even $100,000,000 without inconvenience, but I am sure that the exportation of even $100,000,600 would make most people uneasy. In financial affairs, as in religion, faith is everything, and when confidence is gone little else remains. lam not one of- those who worship gold and lo_ok upon it as a palladium of financia prosperity. It is a commodity like any other product of human labor, and when it may be profitably exchanged for other commodities or employed in the payment of debts, there is no harm in parting with it. Still, I recognize the effect which its loss by a country has upon the imagination and advise my readers not to disregard it. Great hopes are entertained of improved earnings by our Western railroads, growing out of an. expected increased transportation of Indian corn. Certainly something is needed to arrest the downward tendency of this species of property under-the combined forces of competition and of the inter-State Commerce law. Three already of the most prominent railroad companies of the West have been compelled to reduce their dividends to a nominal rate, and more will have to follow unless something occurs to prevent it. As yet the best judges see no grounds for counting Upon such good fortune, and say that no increase of business under present conditions will yield any important increase in net earnings. If this be so, the prices of Western railroad'stocks must decline still further, and with them those of other securities. The recent report of the Baltimore and Ohio Railroad Company brings the possibilities Of disaster uncomfortably near home also, and w’bile its immediate effects are limited, the shadow of it spreads widely around. The one favorable element in the situation is the prospect of further bond purchases by the Treaury and the consequent liberation of large sums which will have to seek other forms of investment. Already these purchases have led to the absorption of little blocks of choice securities which have lately been put on the market, and this in turn has released money which will be employed in 'hew purchases. The sinking fund alone will require trie expenditure of $48,000,(MX) during the coming year, and this, in view of the possible cessation of new railroad construction, will go far to relieve the borrowing community. Still, the condition of the Treasury is not so good as it was. In the coming year its revenues and its expenditures will much more nearly balance one another than they have for a long time, and no purchases of bonds can be looked for beyon those necessary for the sinking fund. If any kind of a revenue reform bill should be passed next winter this probability will become a certainty, and the compulsory economy of the nation, which has hitherto led to the accumulation of so many hard millions, will come to an end. When this happens we shall be made painfully aware of the service which has been rendered to the country by the much abused surplus. t Matthew Marshall. The following is from a iGrass Lake (Mich.) daily: “Last Monday morning while a small knot pf men were talking together at the Central depot, in Jackson, the peep of a chicken was distinctly heard. Thereupon one of the number his vest, and in an inner pocket : was revealed a chicken just hatched and I still partly- ia the- shtelk" -He reported that he had carried an egg for twenty“one days on a sl6 wager that it would i hatch from the natural warmth of his body.” _____ A little petroleum added to the water with which waxed or polished floors are washed improves their looks.

HARRISON,

THE CHRISTIAN SOLDIER AND STATESMAN, Triumphantly Selected to Take the Place of • * A. CLEVELAND THE DEMA- • COGUE, Who Vetoed the Pension Bills of Union Soldiers’ THE CHAMPION OF FREE TRADE REBUKED By the Intelligent and Patriotic People of the North. !

IGNORANCE AND THE EXCONFEDERACY Downed by Loyalty Infell,igence and Honesty. / THE NORTH ONGE MORE SUPREME In National Affairs —“We’ve Rallied ’Round the Flag.”

FAITHFUL TO PROTECTION." Tuesday every state voted for presi-i dential Electors. Every state except Maine, Oregon and Vermont elected members of Congress, and each organized territory elected a delegate. State officers were chosen by Colorado, Connecticut, Florida, Illinois, Kansas. Indiana, Massachusetts, Michigan, Minnesota, Missouri, Nebraska, North Carolina, South Carolina, Texas, West Virginia and Wisconsin. California elected a legislature, a chief-justice and an associate judge of the supreme court. lowa and Ohio elected minor state offi cere. Nevada elected a supreme judge, regents of the university and a legislature. New Hampshire ana Tennessee elected governor and legislature. New Jersey elected legislature. New York elected governor, judge of the court of appeals and legislature. Pennsylvania elected a supreme judge, auditor and legislature. Proposed amendments to their constitutions or general laws were voted upon by Georgia, Illinois, Kansas Nevada, New Hampshire, New York, North Carolina, Xbrginia and West Virginia. r ~ :4-—. Wednesday, Nov. 7,7 a. m. INDIANA. Returns meagre, Indications are that Cleveland has earned the State by an increased ma-

jority over'lßß4. 13 precincts show a net Democratic gain ot 76.' , Teri precincts show a gain of 46 for Harrison over Blaine in 1884. Twenty precincts show a gain’ of 127 for Harrison over Blaine in 1884. Thirty precincts give Harrison, 3,193; Cleveland, 2,074. The same precincts in 1884 gave Blaine, 3,113; Cleveland, 2,569. Forty precincts in Indiana give Harrison 4,397; Cleveland, 3,678. The same in 1884 gave Blaine 4,136; Cleveland, 3,567. Fifty precincts give Harrison 5,846, Cleveland, 4,661. The same, in 1884, gave Blaine. 5,536; Cleveland, 4,470. Net Republican gain, 119. Sixty precincts give Harrison 7,074; Cleveland, 5,903. The same precincts in 1884 gave Blaine 6,691; Cleveland, 5,912. Net Republican gain of. 292. Eighty precincts give Harrison 8,860; Cleveland, 7,791. The same precincts in 1884 gave Blaine 8,330; Cleveland, -7,443, .a net Republican gain of 82. One hundred and forty precincts give Harrison, 17,451; Cleveland, 14,218. The same precinats in 1884 gave Blaine, 16,346; Cleveland, 13,754. Republican net gain, 653. One hundred and eighty precincts give Harrison 23,102; Cleveland, 19,605. The same precincts, in 1884, gave Blaine 21,738; Cleveland, 19,169. Net Republican gain, 919. 11a.m. * • 340 precincts give net Republican gain of 1,983. 400 precincts- give net Republican gain of 2,516. which would indicate a Republican plurality of from 3,000 to 5,000. ’ ■ 11:30 a. m, 50) precincts .show a net Republican gain of 3,262. 560 precincts show a net Republican gain of 3,777. 640 precincts show a net Republican gain of 4,443. Wisconsin. Republicans carry the State by about 15,000 plurality.

ALABAMA. Democratic majority of 1884 increased. NEBRASKA. Republicans claim the State by 28,000 to 70,000. Democrats concede 18,000 to 20,000. . NEW JERSEY. The State probably goes Democratic by a reduced majority. Republican gains are noted in nearly every precinct. The estimated Democratic majority inis New Jersey is 7,000. NORTH CAROLINA. AnTncfeasedlJemocratie' majorityover 1884, when Cleveland carried the State by 18,000. OHIO. Cincinnati gives Harrison 3,126 majority. Returns from the State indicate Democratic gains, but hardly sufficient to carry the State. Chairman Cappellar estimates Harris son’s majority in excess of 25,000. NEW YORK. Hill ran ahead of Cleveland several thousand votes and is probably elected. Kings county gives Cleveland 82,447; Harrison 70,587; Fisk 1,935. In New York the vote was especially heavy. Cleveland’s majority in the city

is about 56,000, with Kings county about 68,000. Harrison will have , a majority in the State of from 7,000 to 10.900. .For mayor of New York, Grant, Tammany defeated Hewitt, < County Democracy, and present incumbent, and Erheart, Republican, by about 40,000 plurality. . New York, Nov. 6., 9 r. m.— just stated at the Republican headquarters that an outside estimate places Cleveland’s plurality at about 73.000 below the Harlem. Republicans calculate now on 97,000 above the river, the figures, however, are scattering. Mr. John Wanamaker, of Philadelphia, is now in this city, and figures 66,000 in New York and Brooklyn for Cleveland. Late returns from Brooklyn place the majority in that city at 12,000 for Cleveland. We have New York. M. S. Quay. The Tribune bulletin says Hill is probably elected and that Harrison carries the State by 15,000 to 20,000 plurality. The Herald concedes Harrisons election. This opinion is based upon dispatches received from all the States in the Union, and which may be divided as follows: “Cleveland —Alabama, Arkansas, Connecticut, Delaware, Florida, Georgia, Kentucky, Louisiana, Maryland, Mississippi, Missouri, New Jersey, North Carolina, South Carolina, Tennessee, Texas, Virginia and West Virginia—l6B. “Harrison —Colorado, Illinois, lowa, Kansas, Maine, Massachusettz, Michigan, Minnesota. Nebraska, New York, Vermont and Wisconsin—2o7. “Doubtful —California, Nevada and Indiana —26. == —; New York, Nov. 7.—A midnight extra of the Sun says: “The returns so far as received make it seems probable that Harrison has carried New York State by from 7,( 00 to 10,090 plurality, Cleveland has polled a handsome vote in New York city, his plurality being not far from 54,000, but he has not held his own in Kings county. His plurality here is about 11,( 00, which ina- loss of about 4,0b0 from 1884. 11:30 a. m. New York is’assnred Republican. ■r All the New York papers concede Harrison’s election. The Sun estimates his majority in New York State at

8,107; the Times, 7,567; the World, 3,000 to 5.000, the Herald, 14,000; the Tribune about 10,500. . 1,006 election districts ' north of Harlem river give Cleveland 198,753; Harrison 246,386; Fisk’ 11,585. In 1888 the same districts gave’Cleveland 183,100; Blaine 219,755; St. John 10,975. CONNECTICUT. The State is very close with chances favorable to the Democrats’. Nrw Haven, Nov. 6.-Complete returns from this State except one town, give Cleveland 74,815, Harrison, 74,507; Fisk, 3,869; scattering, 93, These returns were collected by the Connecticut Telephone Company. 11:30 a. m. Connecticut gives Cleveland a plurality of 350. CALIFORNIA. Returns meagre. Precincts so far reported show Republican ga ns. California gives an estimated Republican majority of about 12,000. ILLINOIS. Palmer, Dem. for Governor leads Cleveland by about 10,000 in the State but it is hardly probable either carried the State. Republican estimates give Harrison 15,000 an J Fifer, Rep. for Governor 5,000 plurality. Chicago cast 100,000 votes. Jehu Baker, who defeated W. R. Morrison, is defeated by Foreman, Dem, ’ lOWA. Returns indicate Republican gains. Harrison ran ahead of the ticket. MAINE. Harrison’s plurality will .reach 24,000 a gain of 4,000 over Blaine in 1884. RHODE ISLAND. Harrison, 21,960. Cleveland, 17,486. . Fisk 1,276./ PENNSYLVANIA. Harrison’s majority will be about the same as Blaine’s in 1884. Samuel J. Randall for Congress in the Third Pennsylvania District has 17,653 majority oyer Lukens, Prohibitionist, who polled 51 votes.

VIRGINIA. Returns insufficient, to base an estimate. Returns from 12 counties and cities show Democratic losses of 1,60). MASSACHUSETTS The Republicans carried the State by a majority estimated at 24,000 and elected their full congressional delegation except one. This is a gain of 2. MICHIGAN. Republican gains are noted in every district. Republicans "claim the State by 2,000 and this figure is probably nearly correct. 2. P. M. 171 townships give Harrison 32,011, Cleveland 25,869, Fisk 3,237, a Republican gain of 2,685. COLORADO. —r Harrison is giveii a majority in the neighborhood of 15,000. WEST VIRGINIA. No returns. The State is claimed by both parties. MARYLAND. Republicans claim probable gain of two Congressmen. The Democratic majority in the State is somewhat reduced. NEW HAMPSHIRE. Estimated Republican plurality, 2,500. MINNESOTA. The State, evidently has given a safe Republican majority. ' OREGON. The Republican ticket is given a majority of between 7,Q00 and 8,00'). TENNESSEE. An increased Democratic majority is* indicated. NOTES. Allen W. Thuiman, Jr., concedes Harrison’s election. . Republican estimates give them a majority of from 15 to 25 in the lower House of Congress. At ah election riot at BovHing Green, Ky., one negro was killed, one dangerously wounded’ and a white man shot through the arm.

- For later election news see other page. RATHER BOTHERSOME. Two Questions That Puzzled a Board ' of School Trustees in Connecticut. The questions that Bismarck settles are nothing compared to those that must be decided each autumn by the school boards all over the United States. The trustees of Middlefield, Conn., have recently had two very perplexing questions before them, which may best be explained in the words of two, of the educational leaders of the town. “Naow, here’s a tough case,” said the chairman. “I know haow the law stan’s when the parents live en one (ao vu an’ the children go to schule en another, but I’m darned es I’k’n see whut we’re tu du with these children wrho go tu schuleen one taown while’s parents live en another taown.” 5- “ • The secretary settled this point,' but later on in the meeting he was puzzled by this question: “I know what tu du with child’n,” he said; “but here’s them Hoyts, they’re orph’ns, an live with’r gran’parents, an’ the law don’t have no bearin’ on gran’children, so far’s I k’n see.” How this last point was settled is not known.

. Not long ago Bourbone Raffaele, an Italian workman on the water works at Dover, N. H., received notice that he had been drafted into the Italian army. He at once settled his small affairs and started for his old home. When asked why he didn’t stay here and pay no attention to the draft, he said that if he did he would never dare to return to Italy, for he would be liable to arrest and imprisonment. O