Rensselaer Republican, Volume 27, Number 16, Rensselaer, Jasper County, 13 December 1894 — Page 7

THE NEWS OF THE WEEK

Ex-Gov, Abbett, of New Jersey, is dead? / • < ; , / Chicago women are fighting the saloons by serving free lunches in the churches. It is rumored 'that Senator Daniel, of Virginia, will enter the Methodist ministry. Football contests were the prevailing feature of Thanksgiving Day throughout the United States. District Attorney John R. Fellows, of New York, is. being tried for alleged crooked conduct in his official duties. The Georgia Legislature has refused to continue the military appropriations and the State militia will be disbanded. All of the refineries of the Sugar Trust have been temporarily closed on account of the depression in the siffcar trade. 11. T. and.A. A. Hayward have been arrested for the murder of Miss Catharine Ging. the Minneapolis milliner. They claim an alibi. It is said that Capt, Edward T.Langtry, husband of the ’‘Jersey Lily,” will arrive in New York in a few days, for the pur - pose of securing a divorce. Four contestants in a foot-ball game at Southbridge, Mass., Thanksgiving Day, were so badly injured that they died. Three others were fatally hurt. Catharine Ging, a well-to do milliner of Minneapolis, was mysteriously murdered, Dec. 3, No satisfactory solution of the mystery can be given by the police. Mrs. Lease has bought a California fruit farm and will abandon Kansas at the expiration of her official term as a trustee of benevolent institutions. Chicago thieves tried to steaHhe Montana silver statue of Ada Rehan, now on exhibition at a leading dry goods store of that city, but their scheme failed to pan out.

The Coffin case was argued in the Supreme Court, at Washington, Dec, 6. Ex- - Attorney-General Miller appeared in behalf of the Coffins. A decision was withheld, Representative Bland, of Missouri, known to the couhtry as “Silver Dick,,” was defeated by only ten votes, but he will not contest the election of his Republican opponent. R. F. Kolb, claiming to bo Governor of Alabama; has completed his message to the Legislature. He advises people to refuse to pay taxes until his claims are finally adjudicated. Congressman-elect A. J. Campbel), of New York, who defeated General Dan Sickels by a narrow margin, died Dec. 6. Sen. Sickels will probably again be a caniidate at the special election. Dr. R. C. Flower, the specialist, was arrested in Texas on a charge of obtaining ►45,000 from N. C. Foster, of Duluth, by lalse pretenses, and was lodged in jail at Chicago. Dec. 2, to await trial. A largo number of Indictments have Keen found, at Grand Forks, N. D„ igainst Russian farmers for stealing and tarrying off Government buihdings at Ft. Lincoln, five miles south of Mandan. Senator Berry, of Arkansas has intro” luced a bill providing for creating the territory of Indianola out of the Indian Territory. A complete reorganzation of the government of that region is contemtlatcd. •fudge Harlan has made a ruling at Baltimore practically deciding that where a jarty is indicted for the sale of oleomargarine, if he can prove that he had no tnowledge of the ingredients he must be icquitted. Dr. Fortiner, of Camden, N. J., died Nov. 29, from injuries resulting from the odgment of bristles from a tooth brush in Ils throat. Various surgical operations sere performed which were only partially successful. Father Ducey, the famous Catholic iriestof New York, testified before the Lexow committee . Dec. 5. It is underttood that Archbishop Corrigan was very much opposed to his appearance before that tribunal. JudgoGault, of the Supreme Court of Missouri has held that the distribution of liquors by a bona fide club to its members was not a sale within the definition of the liquor laws, even though the person receiving the liquor should give money in return for it. The annual report of Daniel Lamount, Secretary of War, shows expenditures for the last fiscal year of 150,039,009. The irmy now numbers: Officers, 2,136; enlisted men. 25,772. The Secretary urges legislation in order that the army may be Increased to 30.0J0. Postmaster-General Bissell has issued

an order in which he designates a large / number of alleged "toilet companies'* and persons engaged in the sale of cosmetics at South Bend as frauds, and directs that money orders drawn to their order shall not in the future be paid. A Senate Democratic caucus was held at Washington, Thursday night. A "steering” committee was appointed to prepare an order of business. The prevailing sentiment appeared to be unfavor able to any action on the so-called “popgun” bills amending the Gorman tariff bill. Donald Frazier, President of the National Bank of China, at Hong?' Kong, arrived at Tacoma, Wash., Dec. 1. In an interview he stated that LI Hung Chang Is worth 1500,090,000, which be has made by “sweating” his bountrymen. Mr. Frazier stated that Li is a corrupt official and has never been patriotic. Mrs, Alberti, of Galveston, Tex., poisoned four of her own children. They were all burled In one grave. The mother is believed to be insane, but she insists that she is not and expresses her regret that the fifth and oldest child did not die and that poison failed to do its deadly work In her own case. A bill to punish official usurpation passed the Alabama House of Representa - tives. Dec. 5, by a strict party vote—Populist members voting "nay” with vehemence. Representative Manning, in a vigorous speech in opposition, said that such a law was superfluous till a fair election and an honest count could be had in the State. Jobn W. Hillman, a famous insurance swindler, and a fugitive from justice for nineteen years, was arrested near Tucson, Arlz., Dec. 6, by 8. W. Finney, Deputy Collector at Nogales/ Hillman’s career and his successful schemes in escaping arrest, form one of the most remarkable chapters in the criminal annals of the United States. The estimates for the collection of the Income tax until July 1,1895, aggregate

5245,095, and will necessitate an increase of 327 in the official force of thi Treasury in various parts of the country . An urgency deficiency bill will be put oc its passage immediately in order to carry the law into effect. Eastern members, irrespective of party, it is understood, will oppose the appropriation. I—-- 1 —---— Within the next month the Government will be called upon to pay 52,000,000 of Pacificrailroad bonds. It will be the first payment made by the Government on these bonds, issued years ago, to subsidize the building of these railroads across the continent They ran for long terms, and these terms are now about to mature. The 52,000,000 next month will be followed by another s2,O9O,OoQ>ncxt November. The report of the Interstate Commerce Commission shows that on June 30 there were 174,461 miles of railroad in the United States, being an increase during the yeai of 4,897 miles. The number of railway, corporations was 1,890, being an increase of 98 over the previous year. The capitalization of the roads reporting was 81,506,235,410, the number of passengers carried was 593,560,612, and the number ol tons of freight carrier 645;118,482, The gross earnings were 81,220,751,874, and ths operating expenses 8827.921.299, leaving net earnings of 5392,930,575. which is equivalent to 82,314 per mile of line. The Cincinnati Price Current, Dec. 5 states that the winter wheat area is increased 1.9 per cent, over last year. The area is 24,884,339 acres, against 24,438.940, The condition of the plant is good, beinp 94.7, against 91.5 last year, and 87.4 in 1892. This condition forecasts a harvest of 300,000,000 bushels. Drought has affected the plant in Texas, Tennesse, Ken-tucky,-Kansas and Nebraska, but with rain soon all drawbacks will be overcome. Over the balance of the area the condition ranges from good to excellent. The area of winter rye li as .been increased by 4 per cent; the condition is 95.8, against 94.6 last December. Levi Nye,of Nevada,©, is claimed to have successfully emulated the East Indidian fakirs. According to a story made public in the Inter-Ocean, Dec. 7, Mr. Nye was scientifically prepared for the death and burial by local physicians. After a partial fast of about a mohth his tongue was turned back and his mouth, nostrils, and cars filled with cotton. Ho was buried in an air-tight box which was interred in thecellarof his house, Oct. 1, 1894. A close watch was kept, and on Monday, Dec. 3,the body was resurrected, restoratives applied and life restored. Mr. Nye is now apparently doing well and will" publish his experiences. .

FOREIGN.

The King of Spain has closed the Cortes on account of the continued tumults in that body. Prince Bismarck is reported to be thoroughly broken down by the death of his wife, and ho predicts that he will himself die before the new year. Emperor William has presented gold watches, with his portrait and monogram, to two Bedouin Sheiks in recognition of their service to several German archaeologists. Armenian refugees arrived in Athens Dec. 5, and confirmed the stories of the recent atrocities in that country. Horrible as were the first reports, It appears that half was not told. A dispatch from Shanghai, Dec. 5, states that a ten day’s armistice has been arranged between China and Japan. Terms of peace are now being considered by representatives of the powers. Emperor William, wearing a British uniform, called on the Prince of Wales and the Duke of York, in Berlin, Wednesday. The Englishmen shortly afterward returned the formal call and immediately left for England. Recent Yokohama dispatches state that Japan has decided to insist on heavy penalties from China. If the war is concluded promptly the least amount, it is stated, that will be accepted is 400,090,000 yen, and the cession of all territory now occupied by Japanese forces. A London cable, Dec. 4, states that En” glish forces in South Africa have captured a famous Kaffir Queen, who is claimed to be 300 years old. Apparently trustworthy evidence has been produced that she has actually been at the head of her tribe since 1780. Reginald Saunderson, a member of one of the most aristocratic families of England, has been arrested for the murder ol an abandoned woman named Dawes in London, the case being a mysterious one. The theory of the police is that Saunderson, who is rather weak-minded, was Influenced to commit the crime by reading the reports of the murders committed by Conham Reed, who was hanged Tuesday, The Reichstag opened at Berlin, Dec. 5 Emperor William delivered his speech from the throne in person. The delivery was earnest and impressive. Various matters for the consideration of tha German lawmakers were presented. Tin new Reichstag building was dedicated al 3p. m., Dec. 5. The Emperor and Chancellor and all the civil and military dignitaries of the country participated in the ceremonies.

FERDINAND DE LESSEPS,

The famous French engineer, died a' Paris, Dec. 7. Vicomte Ferdinand d« Lesseps, G. C. 5.1., was born at Versailles prance, November 19, 1805. In 1828 he entered the diplomatic service as an at tacho of the consulate at Lisbon, an< subsequently served in like position: elsewhere. His efforts in behalf of th: .Suez canal, on which his chief claim ti fame rests, began in 1856. The canal w 6: opened for business Aug. 15, 1869. De Les sops’ connection with the Panama cana and his failure in the enterprise are to: well kuown ton eed recounting here.

INDIANA STATE NEWS.

The Masons have dedicated a new hall it Richmond. Several valuable diamonds have been found in Brown county recently. The fotir-year-old daughter of David McCord, of Odon, was burned to death. Dr. G, W. Poole has been appointed a pension examining physician at Green:astle. Eight cases of glanders have been discovered among the horses on a farm north as FL Wayne. Ernest Denwire, a farmer near Crown Point, fall into the hands of lightning rod th arks, losing 8875. Melvin Jones, near Yorktown, died from blood poisoning induced by the extraction if a decayed tooth. A. N, Grant, a prominent attorney of jKokomo, has removed to Indianapolis and Bstablished an office. The four-year-old child of Mr. and Mrs. Frank Groves, of Frankfort, was burned to death in a mysterious way, Dec. 6. Christian Slouder, of Goshen, fell asleep Sunday, Dec. 2, and all efforts, at last accounts, had failed to awaken him. A second explosion occurred on the lower work at Huntington, Dec. 4. Five men were badly hurt and two will die. SA new gas well in Ripley township, Rush county, was “shot,” Dec. 6, and at a nee developed into a first-class “gusher.” 8 Indianapolis labor leaders are making preliminary arrangements for a State iemonstration on Labor Day, 1895, at the capital. Kokomo, formerly rated as a notoriously wicked city, is now willing to line up on moral questions with any city of its size In the country. Mrs. Crowe, the "fortune feller,” of Crawfordsville, who foretold Congressman Brookshire’s defeat, died Dec. 1, tged seventy-three. 8 Seven Franklin college boys are in trouble with the faculty, because of too much football and other alleged misdemeanors, and may be suspended. James Sheperd, of Waveland, who robbed the Monon ticket office at Ladoga >f 8108 and a ticket to Florida, has been tenteneed to prison for three years. Terre Haute will probably be selected lor the headquarters of the American Railway Union. President Debs favors ;he removal of the headquarters from Chicago.

Crawford Fairbanks, of the American Strawboard Syndicate, purchased the Inderson paper mills at the receiver’stale. The capacity of the mills will be loubled. An attempt was made at Sullivan to vreck the home of Mrs. Mollie Pearson, lynamlte being used. The floor was torn ip by the explosion, but the inmates escaped hurt. Eight hundred people engaged in a wild sat hunt near Uniondale, Dec. 6. The ‘critter” was seen by several, but escaped. The hunt will be continued till the anloal is killed. Thousands of acres of Kankakee marsh and in Laporte county have been burned »ver recently. Great damage has resultid, the fire in many places lingering in .he muck beds. Ex-City Treasurer Schworzkopt, of Valparaiso, is alleged to be a defaulter to the extent of 913,000 or more. Suit has been irought on his bond. The ex-treasurer llsputes the correctness of tha figures and viU make a defense. James Freeland was successful at Lebmon in setting aside the last will and testament of hfs brother, William Freeland, leceased, in which an estate valued at 115,000 was bequeathed to Kate Baula. Indue influence was alleged. State Geologist Blatchley has appointed I F. Hall, of Danville to be State Oil Inspector; J. C. Leach, of Howard County, obe Gas Inspector; Robert Fisher, of May County, to be Mine Inspector. The lew deputies take office in March. The family of Marvin Personett, of Idarille. who disappeared while visiting the iVorld’s Fair, have abandoned all hope of lis return. It is their belief that Mr. Perlonett was murdered in Chicago, as he vas known to have considerable money vlth him. There is an unprecedented corn crop in Howard county. At every railway station the elevators are filled to overflowing tnd cars cannot be obtained in sufficient lumbers to carry off the grain that is offered. At Cassville and Galveston thoulands of bushels have been temporarily piled in the streets. William Pettit,of Hibernia, Clark couniy, was killed by Milas Smith, a storekeeper, while “guying” the merchant, Dec. 6. Smith gave himself up. Pettit tnd a number of boys had tormented Smith for some time past, at one time Irivlng a horse Into the store and keeping It there over night in spite of protests. President Dice, of the Gas Belt Electric Railway, in an Interview at Anderson, Dec. 4, stated that the project would be pushed and the line completad from Indianapolis through Ingalls, Fortville, Pendleton, Anderson, Alexandria, Sumtnitville. Fairmount, to Marion, the Northern terminus, by Aug. 1,1895.. The Smith-Barrow contest case for the legislative seat, from Tipton county, was taken before a court composed of two justices of the peace, at Tipton. Dec. 5. Smith, Republican, was declared elected by a majority of six. Barrows then withdrew. The case is now certified to the lower House and Smith will doubtless be teated* In response to a caH from Senator Wishard, chairman of the Republican Senatorial caucus, the Republican members of the Indiana Senate convened at Indianapolis, Tuesday, Dec. 4. Reports of> the committee appointed at a previous meeting were read, and the members of the Handing committees for the coming session were named and indorsed. A caucus was held and many subjects of importance were discussed. There is great excitement in Starke and Marshall counties over the arrest of Claude Ransbottom, of Marshal) county, who is accused of forcibly abducting the thlrteen-year-old daughter of Widow Shrall, of Knox, and concealing her in a lofiely cabin in the Kankakee swamp. The girl was found and Ransbottom was arrested and taken to Knox, where the jail was guarded to prevent threatened lynching. Ransbottom has figured in a similar offense before. * John Qulun, the reformed gambler, now engaged in a crusade against gambling, in company with W. G. Goff, has formed the Anti-Gambling League at Chicago. They arc now travel to- over the country in a

private car fn form. In an Terre Haute, Dec. 5, Mr. Quinn made serious charges against ex-officials of that city, accusing them oi corruption of a smilar character to that prevailing under Tammany rule in New York. A notable religious revival movement,, in charge of the well-known evangelist, Dr. J. VV. Chapman, D. D., of Philadelphia, is now In progress at Indianapolis, Forty-seven evangelical churches are cooperating to make the meetings a success. In thd beginning the services were held in various parts of the city, but beginning Dec. 9 revivalistic mass meetings will b« held nightly at Tomlinson Hall. Rev. Mr. Chapman is being ably assisted by Rey. W. A. Sunday, formerly a distinguished base ball player, and Mr. P. B. Bi 1 horn and other musical celebrities, whose efforts are said to add much interest to the services. A natural gas reservoir underlies tlw vicinity of Utica. A specially strong veni Is found in the vicinity of the farms oi Will Goodwin and Ed. LaDuke. Sunday, before daylight, Mr. LaDuke awoke with a choking sensation as if ho was smothering. The gas had gathered in the room and if Mr, Goodwin had not fortunately awoke there might have been a catastrophe. His little daughter and wife felt the same choking sensation. Farmers say it will drift into their houses and settle iu some particular room.

The twelve-year-old boy who lights and puts out the switch and target lights Colburn, on the Wabash railroad, discovered a drunken farmer with one of his legs fastened in a cattle guard. He tried to extricate the man, but was not strong enough. A freight train was approaching from the east, and the brave little fellow ran ahead as far as he could, swung his lantern across the track, thus attracting the attention of the engineer, who stopped his train when wi thin ten feet of the man Patents were granted to the following named citizens of Indiana, Tuesday:H. F, Ganon, thread-cutting machine; J. F. Ilomburger, Lawrenceburg, device for steaming coffee, tea, etc.; E. Keating. Terre Haute, span of arch, also girder for truss bridge; E. R. Kirby, Terre Haute, car coupling; W. M. Six, Westfield, train-time Indicator; A. G, Wade, Elkhart, plate and base for printing; A. Weed, Anderson, assignor to Ar cade .File Works, machine for stripping file blanks; C. A. Kitts, assignee, Muncie, hay machine. Miss Josephine Brant, a school teachei of Lawrenceburg, was robbed of 510,500 iu cash, at Fourth street and 'Central Ave., Cincinnati, Thursday evening. The money was the accumulation of years of work added to an inheritance. Miss Brant had just withdrawn the funds from a safety deposit vault for re-invest-ment, antkjvas carrying them in a black satin band satchel to the» depot, In a crowd at the point mentioned some one seized the satchel from behind, pushed her violently forward and escaped dn the darkness. There is absolutely no clew. The police theory is that it was the work of some hungry tramp who was not aware that he was grabbing a fortune. President Langsdale hopes to have the cascades of the State Soldiers’ Monument, with engines and electric plant, in working order by Christmas. The work on the cascades has been delayed by a failure to receive the terracotta. Other parts ol tho monument will not be completed foi several years. The statue of Clarke is to be delivered next April, and another subsidiary statue to be completed April, 1896. The figure to represent the Mexican Wai period has not been decided upon, and ii may not be made for two or three, years. The army astragal will be shipped from Germany next spring. It will be put In place before June. 1895. The other ornamentations will not likely be complete and placed In position before 1898.

JOHN BURNS, M. P.

John Burns, M. P., the celebrated English labor leader, has arrived at New York, and will make a lecture tour of the United States

THE MARKETS.

Dac 8,1891. TndlanapolU. GRAIN AND HAT. Wheat—slc; corn, 41%c; oats, 33%c; rye, 48c; hay, choice timothy, $9.00. LIVE STOCK. Cattle Shippers, stockera. 83.95(32.75; heifers. cows. bulls, [email protected]: milkers, 818.OU @40.00. [email protected]. Sheep—[email protected]. POULTRY AND OTHER PRODUCE. (Prices Paid by Shippers.) PoHLTJir-llens, scper 1b; soring chickens, sc; cocks, 3c; turkeys, toms, 4c; hens, 6c per H>; young turkeys. 6c; ducks. 6c per lb; geest, [email protected] per doz. for choice. Eggs—Shippers payhjg 18c. Butter— Choice, 10@13c. Honey—lßc Feathers—Prime geese, 30@32c per lb; mixed duck. 20c per lb. Beeswax—3oc for yellow; 15c for dark. Wool— Medium unwashed, 13c; Cottswold and coarse combing, 10@l2c; tubwashed. 16@18c; bu»ry and unmerchantable, 5c less. Hidks— No. 1 G. S. hides, 4%c; No. 2 G 8. bides, 3%c; No. 1 calf hides, 6>fc; No.: calf hides, 4%c. Chicago. Wheat—s6JfC4 corn, 47c; oats, 29% c pork, 813.23%; lard, 87.05. New Yur*. Wheat-60%c; com, 57%c; oats, 33%c Haiti more. Wheat—6o% c; corn, 50%c; oaks, 37%c. St. Louis. ' Wheat—W%C;corn, 45%c; oats, 30% c Pnlladelphlt. Wheat—6o%c; 'om, 51%c; oats, 38%< Minneapolis. Wheat-No. 1 hard, 611 Detroit. f Wheat—s7c; corn 43%c; oats, 33%c. * Eoat Üborty. [email protected].

THE TREASURY.

Secretary Carlisle’s Annual Report and Recommendations. Sonic Radical Changes Proposed in Our Pinane al and Hanking Systems. The annual report of the. Secretary of the Treasury was transmitted to Congress December 4. As usual, it is a voluminous iocument. It shows that the revenues of the Government from all sources for the Bscal year ended June 30, 1894, were 8372,103,498, and the expenditures 8442,605,658, which shows a deficit of 569,803,260. As tompared with the fiscal year 1993, the reset pts for 1894 fell off 888,914,063. During ihe year there was a decrease of 815,952,£74 in the ordinary expenditures of the jovernment. The revenues for the current fiscal year are thus estimated upon the basis of existing laws: From customs..... ..-.. -. . . 5100,000,000 00 Prom internal revenue 165.10 J.OOO 00 Prom miscellaneous sources l&.COO.OOO 00 From postal service. 84,427.718 00 Total estimated revenues 8424,427.748 00 The expenditures for the same period ire estimated as follows: For the civil establishmentß 91.250,001 00 For the military establishment... 53,250.000 00 For the naval establishment 33,500,000 00 For the Indian service 11,500.000 00 For pensions 140,500,000 00 For interest on the public debt.... 31,000,009 00 For postal service 84,427.748 00 Total estimated expenditures:. 8444.497,748 00 5r a deficit of 8820,000,000 00 It is estimated that upon the basis of existing laws the revenues of the Government for the fiscal year of 1896 will be: From customsßlßs,ooo,ooo 00 From internal revenue 190,000,000 03 From miscellaneous sources 15,000,009 'JO From postal service...:’ 86,907,40 rOO Total estimated revenuor,..... 8476,907.407 00 Mr, Carlisle discusses our financial system at great length and reviews the circumstances leading to the first 850,000,000 issue of bonds as a means of replenishing the gold reserve yielding 858,660.917 and increasing the free gold in the Treasury to 8107,446.802. The lowest point reached by the reserve since the resumption of specie payments was on the 7th day of August, 1894. when, by reason of withdrawals in the redemption of notes it was reduced to 852.189,500. After that it was slowly replenished by voluntary exchanges of gold coin for United States notes by banks and by small receipts of gold in the payment of dues to the Government, until the 14th of November, 1894, when it reached the sum of 861,878,374. At this juncture the second issue of bonds was decided upon, bids were advertised for, received and accepted. The currency system next receives the attention of the Secretary in an argument in which he shows that it fails to meet the requirements of business for three causes: (1) To the large volume of United States currency of various kinds kept constantly outstanding, making the contraction or expansion of the comparatively small national bank circulation less effective than it would otherwise have been. (2) The difficulty and delay in procuring, and, to some extent, in retiring circulation. (3) And, mainly, the provisions of the law which require the deposit of United States bonds to secure circulation and restrict the issue of notes to 90 percent of the par value of the bonds. Other minor objections are urged against existing conditions, and the proposed new system of banking, as briefly outlined in the President’s message, is discussed iu detail as follows: 1. Repeal all laws requiring or authorizing the deposit of United States bonds as security for circulation. 2. Permit National banks to issue notes to an amount not exceeding 75 per centum of their paid up and unimpaired capital, but require each bank before receiving notes to deposit a guarantee fund, consisting of United States legal tender notes, including treasury notes of 1890, to the amount of 30 per cent, upon the circulating notes outstanding, to be maintained at all times, and whenever a bank retires its circulation, in whole or in part, its guarantee fund shall be returned to It In proportion to the amount of notes retired. 3. Retain the provision of the law making stockholders individually liable, and provide that the circulation notes shall constitute a first lien. 4. Impose one-half of one per cent, per an .um, payable semi-annually, upon the average amount of notes in circulation to defray the expenses. 5. No National bank note to be of less denomination than 510, and all notes of the same denomination to be uniform in design. 6. Require each National bank association to redeem its notes at its own office, or at official agencies. 7. To provide a safety fund for the immediate redemption of the circulating notes of failed banks, impose a tax upon the average circulation of each bank until the fund amounts to 5 per cent, of the total circulation outstanding. Require each new bank and each bank taking out additional circulation, to deposit its proper proportion of this fund before receiving notes. When a bank fails, its guarantee fund, held omdeposlt, shall bo paid into the safety funa and used in the redemption of its notes, and if this fund shall be impaired by the redemption of the notes -of failed National banks, and the immediate available cash assets of such banks are insufficient to re-establish the fund, it shall at once be made good by pro rata asssessments upon other banks.

8. Repeal the provisions of the reorgan - Ization and extension act of July 12,1882. imposing limitations upon the reduction and increase of national bank circulation. 9. Repeal all provisions of the law requiring banks to keep a reserve on account of deposits. 10. The Secretary of the Treasury may, in his discretion, use any surplus revenue of the United States in the redemption and retirement of United States legal tender notes, but such redemptions shall not in the aggregate exceed an amount equal to 70 per cent, of the additional circulation taken out. 11. Circulating notes issued by a banking corporation, duly organized under the laws of any State, and which transacts no other than a banking business, shall be exempt from taxation under the laws ot the United States, when it isshown to the satisfaction of the Secretary of the Treasury and the Controller ot the Currency (1) that such bank has at no time had outstanding its circulating notes in excess of 75 per centum of its paid-up and unimpaired capita); (2) that its stockholders are Individually liable for the redemption of >4* circulating notes to the full extent of their ownership of stock: (3) that the circulating notes constitute by law a first lien upon all the assets of the bank; (4> that the bank at all times keeps the guarantee fund in the United States legal tender notes. Including treasury notes of 1890* equal to 30 per centum of its outstanding circulating notes; and (5) that It has f>romptly redeemed its notes on demand at ts principal office, or at one or more of its branch offices, if it has branches. 12. The Secretary of the Treasury may, under proper rules and regulations, permit State banks to brocure and use in the preparation of their notes, the distinctive paper used in printing United States securities The Secretary makes an exhaustive argument in favor of the adoption of the filan a» proposed, which he deems abs<>ntely /ssentlal to a sound financial condition The subjects ot revenue and tariff ra-

form are presented. Upon the subjected free raw materials, Mr. Carlisle says: The raw materials used in the predate tlon of commodities for the use of the poo* pie in their homes and in their various industrial pursuits should be free from taxation, in order that the burdens-of labor may be lightened, the opportunities for employment increased and the necessaries of life made more abundant and lose expensive. If our industries ate to bo profitably conducted, reduced cost of production must precede or accompany reduced prices of the finished product, and as cheap commodities • increase consumption, the Interests of all classes will be promoted by removing the obstructions which deny our skilled laborers and artisans access to the world’s store of raw materials.

CONTROLLER'S REPORT.

The annual report of James H. Eckels, controller of the currency, for the year ended October 31, 1894, shows that during this period but fifty banks were organized. On October 31, 1894, the total number of national banks in operation was 3,758, with an authorized capital stock of 8672,671,365, represented by 7,955,076 shares of stockowned by 287,892 shareholders. On October 2,1894, the date of the last report of condition, the total resources of the banks were 83,473,982,055, of which their loans and discounts amounted to 82,607,122,191, and money of all kinds in bank, 8422,428,192. Of their liabilities 81,728,418,819 represented individual deposits, 8334,121,082 surplus and net undivided profits and 8172,331,978 circulating notes outstanding. Total circulation of national banks on October 31, 1894, amounted to 8207,472,603, a net decrease during the year of 81.741,563, and a gross decrease of . 88,614,864 in circulation secured by bonds. During the year seventy-nine banks, with an aggregate capital of 810,475,000, passed out of the system by voluntary liquidation; twenty-one, including two which failed in 1893, with a capital stock of 82,770,000, became insolvent, and were placed in charge of receivers. The Controller discusses at great length the plan of the Baltimore bankers for making an elastic circulating medium, and gives his substantial indorsement. Mr. Eekels favors a graduated tax odNational banks in order to provide a “safety fund,” In conclusion the Controller says: Suggestions have been received from many eminent sources that the whole question of a banking and currency ought to be referred by Congress to a commission to be created by law, appointed by the President, and clothed with proper authority. A commission, nonpartisan in its character, composed of men of eminent abilities, could unquestionably devise a currency system sound in every part, and one which would commend itself to every interest of the country. It could largely take the question out of politics, snd havw it considered simply in its business aspects' and upon its merits; but if the present Congress is to enact a law on the subject appointment of a commission could avalk nothing. If, however, nothing more definite can be accomplished the question of the creation of such a commission ought to be considered and acted upon.

NEXT YEAR’S APPROPRIATIONS.

Recommendations Made by Secretary Carlisle—lndiana Estimates. The Secretary of the Treasury, Tuesday, sent to the House of Representatives his estimates of the appropriations required for the service of the fiscal year ending June 30, 1890, which aggregate--9110,435,079, as compared with 9411,879.042 estimated for the present fiscal year. Following is a recapitulation of the estimates by departments for 1896 with comparisons with the appropriations for 189">r Departments. For 1896. For 1806. legislative ....< 8,336.712 510.877.511 Executive 199.540 194.0 M State Treasury 138.487 281 133 735 981 War 54,850 029 55.396 3W Navy 31.999.880 ‘26,726 7M Interiorls9 929 873 173,825.971Postoffice 0 532.820 2,468.982 Agriculture 2,400 330 3 227 28S Labor 187 470 170.01> Justice 6,724,960 7.799,»» Grand total.. .....9410,136J)7» Si 15,700,94? The tabulated appropriations asked for include specific appropriations In almost endless array. The estimates for publie Improvements and other purposes in Indiana are as follows: 9255,000 for the Michigan City harbor; for ihe support of the Indian school at Wabash, 910,009; for the Marion Soldiers’ Home, 9590.271; and for the Indian school at Rennslaer, 98,330.

TWO GOVERNOR!

Alabama Well Supplied With Executives and Other Officials. Kolb and Oates were both “inaugurated” at Montgomery, Ala.. Dec. 1. The State is embarrassed with two sets of State officers, both claiming legal rights. The do facto governor is, however, named OajMk, and Kolb so far ranks as a “pretends” Kolb and his cabinet were sworn in at a

REUBEN F. KOLB.

notary’s office. Kolb delivered hfs inaugural from a wagon In front of the capltoi. Governor Oates and his cabinet were inaugurated in due form by the existing State government. Twenty-flve companies of State troops were In attendance. There was no trouble. Kolb, in his inaugural, charged Oates with asking office by fraud of the grarest character, and called Oates’ followers usurpers, and said that he would appeal to the general government. Gov.Oatos, in an interview, in reply to the denunciations of Kolb, stated that he bad no knowledge of the frauds charged and believed that he was honestly and legally'elected. James Stambaugh, on whose testimony JamesGraybeal was arrested for the murder of William Jones, at Michigan City, last June, while on the witness stand at Laporte, while the trial of Graybeal was in progress, confessed that be himself killed Jones. Ih his recantation Stambaugh claimed that his first testimony was given through fear of officers who promised him his liberty if he succeeded in fastening the crime on Graybeal.