Rensselaer Republican, Volume 28, Number 6, Rensselaer, Jasper County, 10 October 1895 — UNCLE SAM STEPS IN. [ARTICLE]

UNCLE SAM STEPS IN.

WILL PROSECUTE DISHONEST BANK CLERKS. Scrlona Accident at the Laying of a Corner 3tone Famous Norwegian Author Expires—Good Tone to Trade —British Bubble Collapses.-- = - Clerks in the Net. The United States Government, represented by United States District Attorney John C. Black and National Bank Examiner John C. MeKeon, Friday took Steps at. Chicago to teach defaulting bank employes a salutary lesson. Harry J. L. Martin, for four years teller of the Commercial National Bank, was arrested on a warrant sworn out by Mr. MeKeon, chargiug him with embezzling $4,100 Martin confessed to the bank examiner he was skort, And an examination proving the truth of his admission, Comptroller of thc Currency -Eckels ordered the La w Department to take the case in hand. Joseph 11. Wilson, paying teller of the Illinois National Bank, who, with Receiving Teller Benjamin Jones, stole $19,000 of that concern’s money, was dumfounded when placed under arrest, ns the guarantee company which was on his bond and personal friends had made good the amount he stole from the bank. But this is no palliation of his offense in the eyes of the Government, and he will be prosecuted just as vigorously as if he had notr returned one cent of the stolen money. The penalty is 'not less than five, nor more than ten, years’ Imprisonment. Country Fairly Prosperous. R. G. Dun & Co.’s Weekly Review of Trade tjays that eommereial failures m the third quarter of 1895 were 2,792, with liabilities of s32,lo7,l79,Rveraging sll,521 per firm, against $10,028 last year, or about 15 per cent. more. The rate of failures for every 1,000 firms in business is lower than last year, and the proportion of defaulted liabilities to the solvent business represented by payments through clearing-houses Is hut 2.49 per 1,000, against 2.77 last year. The defaulted liabilities per firm in business average $2G.92, against $26.39 last year. The defaulted liabilities of the manufac-iwinwelncom-oraoo COQ onK CIO cxn xirg xittmMi t agaiitot 763- in the same quarter last year; in trading $8,577, against $6,443 last year,, and the banking failures, not included above, have been thirty-one, with average liabilities of $114,000, against $110,036 last year. In the third quarter, when failures are usually low, the average of liabilities in prosperous years falls below $10,000; the number below two in 1,000 firms; the defaulted liabilities below $2 per SI,OOO exchanges, and below $25 per firm in business. Thus the analysis indicates a condition approaching, but not yet reaching, one of general prosperity.

Floor a Death Trap. A temporary floor gave nay at the cere mony of laying the corner atone of five | new St. Mary’s Catholic Church at Lorain, Ohio, Sunday precipitating many men, women and children into the basement. Two were killed outright, nine were fatally injured, and between thirty and forty others were badly hurt. The services were just about to begin when the accident happened. Fully 3,000 persons were assembled on and around the across the foundation of the edifice. Fully 300 persons were thrown into the pit fo'rmed by the sagging in the middle of the floor. The old Catholic church and i parochial school were at once turned into j hospitals. A score of doctors’were called, ! and they were kept busy for hours caring j for the injured, several of whom will die. j The accident was due to defective timbers. The contractor was told the plat- | form was insecure, but he said it would i hold all the people that could be crowded upon it. Death of Hjalmar H. Boyesen. Prof. Hjalmar Hjorth Boyesen, of Coj lumbia College, the noted Norwegian au- : thor, died at New York Friday of rheuI matisrn of the heart after an illness of but two days. Prof. Boyesen was born in Norway in 1848. When he came to this country in 1869 he went to Chicago, where he became editor of the Scandinavian paper, Fremad. Five years after coming to America he published his first novel, “Gunnar,” which was an immediate success. In 1881 he was appointed instructor in German at Columbia College, and in 1883 he was appointed to the Gebhard professorship of Gorman and literature. The chair of Germanic lan-’ guages and literature was created for him in 1890. He established a reputation ns a lecturer as well as a novelist aud essayist, and among his friends numbered such men as Victor Hugo aud Tourguenoff. He leaves a widow ahd two children/ Break in Africans. While South African and other mining shares suffered a considerable decline Friday at London there was a sufficient rally before the r dose of the market to apparently shoijDthe) bull control of the situation. ATT theymarkets were demoralized, heavy sales fjpm Paris being the cause, as then* iafa desperate campaign going on there Wrreeze out the small fry. To this is aded.the pronounced opposition ,of the French Government, which is trying to stop the mad craze of the public to invest iu mines at a sacrifice <j| investments in rentes. The ultimate smash,, however, is considered inevitable.