Rensselaer Republican, Volume 28, Number 17, Rensselaer, Jasper County, 26 December 1895 — Page 2

THE REPUBLICAN. —'.'.A---—1.... __ . .• _ ,__ GEO. E. MARSHALL, Publisher. RENSSELAER, - • ' INDIANA.

SHIPS IN COLLISION.

AMERICAN LIN ER SINKS ANOTHER STEAMER." But One Man Drowned—Another Bond Issue—Financial = Plan Formulated In Response to President’s Request for Revision of the Currency System. Sank a British Boat. The American Tine steamship 'Berlin, Capt. Lewis, from Southampton for New_ York, collided with_and sunk the Capt. Lewis, from Southhampton for New York, collided yvith and sank the British ship Willowbank, Capt, Young; of Glasgow, thirty miles soujhwest of the Isle of Portland, at 3 o'clock Sunday morning. 11 w sbel i e veil 1howho) erro w of thirty-nine were drowned. H. M, S. Blake arrived upon' the scene at 7 o'clock in the morning and picked up a waterlogged lifeboat. It sighted the Berlin, hove to,, and rescued the crew-of one of the Berlin's lifeboats which Had lost eoytrol of its rudder in the heavy sea. Late/ the American line officials telegrapbM from Southampton as foflov.*>: “The Red Star steamship Berlin from,Antwerp forNew York has returned here with its bow •damaged by a collision with the Willou’bank. whose crew wits saved, and are aboard the Berlin, including the captain'sWWise,f s e, But the Falmouth pilot on the Willowbank, who went below to save his clothes;, whs drowned.” New Financial Plan, Washington. D. C.. dispatch: Fifty millions of additional revenue to be raised by an increase of customdutiesjdeficieiibearing treasury certificates, sold for ’ greenbacks and payable in coin; long-fin'..' 8 per cent bonds to protect the gold reserve; greenbacks redeemed in gold to be kept intact in the reserve; national batiks to be'permitted to issue circulation up to the par value of their bands;'tax on circulation to be reduced th 14 or % of 1 per cent: the ininjmum capital of national 7 banks to be reduced from $50,000 to $25,000 or’less. This is the Republican financial program as agreed upon by tlib"Ways and Means'.Committee of t-he House of Representatives within twelve hours after the President’s message was read.

Russia Waking Um The St. Petersburg Novoc Yrcmya Fays: “If it comes to a. war between Great Britain and the United Sta+es-fhe-former will have to enopunter internal as well as foreign foes, fbr the Irish are not -likely to look passively at stich a conflict. In 'that event England's affairs in Turkey and the far East will not wear so favorable an aspect, and there would come the hoftr of bitter retribution for the past upon which Englishmen pride themselves, forgetting that successes gained by guile and force are never enduring.” The Bourse Gazetfd remarks: “The only honorable means left for England ti> extricate itself'from thd -affairis-a vote of censure against the Manjuisof Salisbury, anti a new cabinet might be able to rectify the blunders of its predecessors.” Ohio Militiamen Go .to Culii. , • A Key West. Fla., dispatch says: Notwithstanding the cordon of Spanish warships about' Cuba, three filibustering expeditions have recently landed. According to advices received .'here one of these expeditions was composed of members of the Fifth Regiment. Ohio National Guard. They accompanied their command on an excursion to the Atlanta exposition and there deserted and macle their way to Cuba. They joined GomcZ in Santa Clara on Sunday. Their leader was Sergt. Arthur Burge, Company K. He accompanied by L. Schwan, Company II; John Harris and Clifford Smith, Company C; and five others. The Ohioans were warmly received by Gomez, jand Burge has been commissioned captain.

BREVITIES.

The Philadelphia street car strike will be settled by arbitration. Fire, in a hbtel at Bluefield, •W. Va., resulted in a monetary loss of $50,000, one man's life, and the severe injury of several others, « While skating oil Lathrop I.ake, seven miles west of Denver, Charley Jones, aged S, fell through an airhole in the iee. His brother Robert and sister Maggie, agedr 21 and 20 respectively, and Ida Ball, aged 16, attempted Jo rescue him, and all four were drowned. A. D.. Thurston, who in 1886 organized the Order of Railway Telegraphers at Clinton, la., and was its grand chief for seven years, is at Clinton, Mo., police headquarters there with his wife find six children destitute and cared for by the city. lie is helpless from rheumatisn|, and while en route overland to, Springfield narrowly escaped drowning while camping near a small stream. ' ' . The United State cruiser Boston, which has been nndegoing repairs at the Mare Island Navy Yard for the last foul months, went to sea- Friday on a trial trip. The Boston is the oldest of the new .White Squadron. One hundred thousand dollars has been spent on its repairs. Its battery has been rearranged, upper works Strengthened, and its protection deyk newly sheathed, and its eniiheS'overhauled. Albert Neeland, a photographer of St. Louis, who is .said to have three wives, was arrested at St. Joseph. Mo., when about to marry another, Miss Grace Woodward, a girl <jf 17. Neeland’s last victim, whose maiden* name was Mary Hull and who had been deserted, arrived from St. Ixuiis and put a detective on her husband’s trail. He was surprised jn the company of Miss Woodward. Neeland is said to have two wires living notnewhere in Illinois! He is isi jail. A cabinet meeting was held nt the White House Sunday, afterncpm and a decision reached to make 1 ar«ar.gqments for another sale of bonds for goW at the earliest practicable moment. An officer of the treasury was selected to go to New York at once to confer with the bankers an'd make arrangements for the new issue. In playing about the room the 4-year-old child of Joseph Koehler, a well-to-do farmer near Upper Sandusky, knocked a loaded shotgun off a table. The gun discharged, striking Mr. Koehler and cauaan injury that resulted in death. <

EASTERN.

Josiah C. Bartlett Jr., of - Chicago, heads the senior class list of honor inehTat Phillips Academy, Exeter, N. IL— George D. Burton, manager of the Burton Stock Car Company, has filed a petition in insolvency at Boston. His liabilities are $117,000. Charles "Durchek. a-studcht at Wyoming Seminary. Kingston,. I’a.,was tarred .and feathered by fellow students for stealing from their re w>m s. Steve Brodie, the bridge:jum>eri has challenged the .lewbaiter, to a twenty minutes' debate, agreeing to forfeit SSOO if lie does not prove that the Jews are a bonefit’to this country. AVjrihanj a. -Am&rose ? the absconding city solicitor <xf-A 1100-left%Ls9o,-OOQ s horta ge in his HhciißhlsiT-'JOT this :iiiioiint_Jho building aniTToan’associations of which he wa s solicitor $12,000. ■ —— Four workmen —were-—fat aHy injured wild n.hie others badly hurt at Midvalley colliery, sfcnrmkin. I’a.. by the wrecking of a runaway work train. A dozen other workmen saved themselves, by jumping into the brush while the train wasjhislm ring down a steep-giytdgy^-- - ' —Tht-odeiM I.atuhort tva>-Tianged in tinCamden, N.--J., jirfUThursday morning. Lambert murdered William ,1. Kaiser. a wealthy baker of Camden, on Dec. 4. 1893. With another colored man. named Josiah Steveftsoi)| he was caught burglarizing Raise's house, and shot to escape capture. __ . The steamship Spn^ystrnnded Thursday morning at 5:10 on Warden Ledge, near Tot-land Bay. Efforts made during the flay to float her proved fruitless. She had to remain cm the ledge until the next tide, at midnight. Iler passengers, who number about ninety' in the saloon, remained on board. . ,—r Intelligence reached Philadelphia on Tuesday night that on Sunday the German ship AthcnaT'Trom New York for London, with a cargo of naphtha, exploded off (.'ape May. Fourteen lives were lost, including . the captain. The first and seoond mate and four of the wW 1 r<--scucd..uhy tireßritish—ship

Tafiia and brought to Philadelphia. The mystery of the disaidibariince of Alexander Houston, Louis' Bechtold ami Frederick Fisher, th<> three hat finishers of Yonkers. N." Y., who wenf«ow a fishing trip to the Jersey shore, under the Palisades* Sunday, was-solved Tuesday night. Their bodies were found at the bottom of the Hu>ls< m River jit tllg. foot of-I’ark street by» employes'of the Wariflg hatshop. An upturned boat, a broken oar and a hat were picked up a short distance from Ludlow. The hat was identified as that of Fisher. Joseph Wood, with a crew of men, for the bodies, and at 11 o'clock they succeeded in bringing Bechtold's body to the surface, and soon the other two bodies were recovered. It is supposed that while 'attempting to make a landing the boat was capsized. Belated ships are arriving at Philadelphia bearing evidences of the. terrific gale along the Atlantic coast. The British tankjjhip Mexieano came in badly damaged. Capt. Tait stood on the bridge of the ship without sleep for seventy-two hours. The British, tramp, steamship Marian, Capt. Grahl. from Bilboa, Spain, Nov. 29. arrived with cabjins’' flooded, everything movable washed from the decks, two of the lifeboats Stove in, sails carried away ah(l otherwise damaged. (’apt. Davis, of the British tank steamship l.e C"oq, in port from Barry, reports, experiencing heavy, east-northeast gales. 'The tank steamship Meguntieoak. from Philadelphia for 'Tampa, Fla., with coa], returned- to port in tow-of the tug Meher, leaking badly. The Pacific Mail steam-, ship Newport, which arrived in Now York quttfantine, brought word that on -the morning of Dee. 13 she fell in with the disabled steamer Claribel, of the Atlas Line. The Newport passed a line tp her, but later the Claribel east it off and signaled to the Newport to proceed and report to the owners of the Atlas Line on her arrival in New York. Five men were kiiied and six injured Wednesday morning by the explosion 'of a steampiptton the American Line steamship St. Paul while the vessel lay at her dock at the foot of Fulton Street,- North River, N-ew Y’ork. The dead tye: James Fawns, assistant engineer, of England; ——Manning, fourth assistant engineer; Robert Campbell, machinist, New York; George Williams, machinist. Hoboken: baniei-TaMeCullion, machinist's helper. -Brooklyn^—The injured: Frank Yespets,’third assistant engineer, Roxbury. Mass.; Andrew Heard, storekeeper, Scotland; Dunham, machinist, England: A. Fogel, cleaner. Scotland; Edward Wischert, engineer. At the time of the accident, shortly after 7 o'clock, there were thirty men of the crtjw in the fireroom and ten in the engine-room. The main steampipe, which is three feet in diameter, runs from the engine to the fireroom. It was this pipe which exploded. The main stop-valve wajS blown out.- The accident is believed to have been caused by a flaw in the pipe. Preparations were being made for the sailing of the vessel at 11 o'clock, but fortunately none of the was aboard the vessel. The officers say the necessary repairs will take at least a week.

The great strike of Philadelphia motormen and conductors of the Union Trac l tion Company began early Tuesday Corning. and all ’lines of the coihpany were practically tied up. President Welsh says hundreds of men are applying' for work. Several cars were derailed. The sentimen't of the public is clearly with the strikers. The company employs about 6,000 men, two-thirds of them members of the Employes’ Association. The’demand of the men is for a working day of ten hours with $2 pay, reasonable time for meals, protection from the weather and recognition of their organization. Before the strike in Philadelphia was twenty-four hours old, the city all but in the hands of a mob. The strikers took but little part in the violence, the rowdy element doing all the damage. The police were utterly tillable to Cope with the mob. From early jnorping until dusk, as each branch line made desperate efforts to slart, howling mobs sbrrounded each rar., slemsl motorman and conductor, 'smashed the windows, cut" the trolley ropes and wreaked all possible destruction. Then the attempt was abandoned. Many persons were injured by flying missiles, and complete reports will include „ fatalities and tWpusands of dollars’ worth of jmlnabl e p ropert y destroyed.

WESTERN.

Cincinnati press feeders have struck for an advance (ft $1.75 a week in wages. A Cincinnati man claims to have invented a bicycle that goes a mile a minute. A Cincinnati church janitor who was

caught roNbing/TlisJngcntribuiion plate commit ted suieide. < The NI ichigan j 'en tra 1 Ra i 1 road is pl a m ning to build a $44)00.0(10 bridge across Tite De tro it R iver at Het roit. ■ Evaporated .potatoes is the latest Minneapolis in’djiktry, and it bids fair to solve the problem kif overproduction. Hans 11. wine dealer at San Frrii[cisco, has failedT" «TlieTiabi $3.9,827. His assets consist of one suit of clothes. -.An assigii > has been appointed f-w the Norwood Park Company at Cincinnati. The assets are at $200,000 and the liabilities $9,4701 The body ofySlexander Kreil, whose pianp factory was burned at Cincinnati with <a ioshrWlßff^f~~sltTtTjHXU r was found in-f!re cejhrr'o^g ir- ruins. President Maver. of the Baltimore and Ohio. ha's resigned and bis- resignation has been-aeeepted, but-lie wilLretain tire office Until his successor shall Tie elei-teiß - Judge Cartwright. Republican, has been Elected to the vacancy on the Illinois Supreme bench from the Si,xth Judicial District to succeed The late Judge Bailey.

Sylvester Johnson has been awarded a verdict for SSJ)OO damages against the eity-o f As hla nib’YV of-ain. ear. sustained while driving on a defec-« tyve highway. The German National 'Bank at -Lincoln. Nep:, has failed. The liabilities, ineluding stock, are $180,090; nominal assets,,. deposits. $49,000. The failure started a run on the Lincoln Savings Bank, which lias availed itself of the sixty days' notification law against withdrawals. Following is a list of those most serious, ly injured in a railway wreck at Milton, (Ihio, Monday night: Joel Borscht r, Lima, Ohio; Miss Rosa Barough, Custer, Ohio; Mrs. B. -G. Doty, Unstek Ohio; Miss M;u:J.''...Lan.ce,.Cjisler.. 44n+mor,-Cttstei*;-(->hiiTtMrtHltew-da -usi-my-Custer, Ohio; John Bruch, Custer.' Ohio-; Charles Blausius. Custer. Ojiio; Charles Seafnan, Custer, Ohio: John 'Bolton, Custer, Ohio; Engineer Clark Hoyt, Lima; Fireman Osman. Lima. No one was Killed. T\yenty-fivY persons injured less svridfusly than those named above Were tible to. go'to' their homes. Fireman Jas. Osman is very seriously in-jttred-aml it-js-fea’red that Engineer Hoyt’s injuries will prove fatal. About forty yeai’s ago a. wagon-train loshlod with valuable goods'and atout SS(J,O9O in gold and silver, en roiH’o from the City of Mexieo-40 the I'nited States, was attacked near Rincon, .'t'.e.xico, py a band of brigands ami all the members of" Idle wagon train wore killed and the booty The robbers were overtaken a few days later by a detachment of soldiers and all were killed. The money Tl-tid stores had been secreted hy the outlaws and could not be found. Wednesday Rafael X’illegas was prospecting for mineral ten miles south of Rincon, when he game iipunibe-emranco to ..a. cave. He explored the cave, ami found severaT sacks filled with the money taken by the exterminated band; of robbers.

Never in the , history of Chicago has such a storm descended upon the, city as that which raged from Tuesday to Friday night. From Winnetka to East Chicago, and from the lake to the Desplaines River, the land was a vast swamp, interspersed here and there with miniature lakes, stime of them a dozen feet or more deep. Steadily failing rain, amounting to over seven iiiches, on the level, flooded the city all d sufrou 11ding conlllry,' until she sewers became imapabfe of carrying (iff Hie water. Hardly an electric car line was' running, the tracks being .under from one to five feet of water everywhere; people in the suburbs Were driven front the first floors of their dwellings io the upper Tories; the furnace fires of hotels, residences and big manufactories were extinguished by the waters which penetrated fp the cellars;, and the tracks of the strain railroads were in such a condition instructions were given to each engineer to make his way_ carefully through the IoW-lying country ivherc the water is high over the rails. In the downtown district bt the • city jcellars*' were flooded, and at many establishments~ViTluable goods were in such flanger of dnmagemen were kept working niglit-s removing them out of reach of the water.

SOUTHERN.

The sugar bounty law has been declared to be constitutional by Judge Pardee in the United States Circuit Court at New Orleans. The expected duel at New Orleans betvM>en Congressman Boatner and Major llearsey has been declared off. Each gentleman has taken back all the mean things he said about the other and expressed regret for, the trouble between them. At 9 o'clock Thursday morning, shortly after the day force numbering" sixty-;, seven men'had gone on duty at the Cumnock coal mines, six miles west of Raleigh. N. a fire-damp explosion occurred, kilfnifk-ut is believed, forty-three men.' . ’ ■ A largely at tendyjlOjm volition in the interest of the Nicarauga Canal project opened at Jacksonville. Fla.. Wednesday, with ex-Gov. F. I*. Fleming presiding. The Object of the convention, which is the first of the kind to be held in. two years, is to take steps toward inducing Congress to give increased countenance and support to the construction of the canal, and specially to emphasize the valuable results that would accrue to the. Gulf States, and Florida in particular, by the successful earryiiig out of the enterprise.

WASHINGTON.

The Beimett NM'onal Bank, of New Whatcom. Wa’sh., which was forced by a sudden run to suspend Nov. 5. with aggregate liabilities of SBI,(KKI, has reopened for business. Congressman Woodman, of Chicago, hajs introduced a bill prohibiting tlieadulteration of beer andjmle and providing tine and imprisonment for violation of its provisions. Senator Chandler introduced a bill “to strengthen the military armament.” It directs tfie president to strengthen the* military fnrt-e of the United States by adding .LiKMkQQQ' infantry rifles, I.immi guns for field artilleity, and not exceeding 5,000 heavy guns fo'r fortifications. The sum of $1,000:000 iA made- immediately available for tl;e purpose of the proposed armament. (’apt. Isaac Bassett, the venerable assistant doorkeeper of the Senate, died tat Washington . Wednesday afternoon. Capt. Bassett, the “fath|er of thc\ Senate,” spent his entire career as a Senate employe. He enjoyed the .distinction of being the second page employed in the chamber and the last official of that boily eleqteil by ballot, all subsequent uflifes being’filled by appointment. The national anti-saloon conference

wasTaHe'd To order at Calvary Baptist Chiircli; Washington, by N. E. VoWles, president <if the anti-saloon lelftue of the District of Columbia. Sixty-six organizations are included in the league. The object of th'e organization is to bring about tiie by A mass meeting in the interest of the league was held at the First Congregational Church. The application recently made by the State of Washington for. salmon from _ tjygßritisfi Columbia hatcheries has been refitsed~by the depart ineiit o f ma rine and fisheries. The reason assigned is that it is not considered proper, considering the recklessness- ahd cafejessness of the United States authorities hi the matter -of the waste and destruction of fish, that -Chna.da3WStbL-<iut <>f li<• r Ihfift. strpply a coniiietitor in the foreign markets. - —Tlie ILiuije ptts>\d a bill authorizing •Hie -President to appoint a Venezuelanaml _ api>ropfialing sloo,<loo ■ for expenses. The Senate did not take Ui> the Venezuelan' dispute directly, buF JSciiator' Chandler introduced a bill “to strengthen the military armament.”' 1 It directs the President to strengthen the ntihifjtFjc force of the cL’nited States byadding ’1,000.000 infantry titles, 1.000 guns for field artillery. and not exceeding ~5,000 hca-fy gims for fortifications-. The .. sunt of $l.()(M).0<)0 is made immediately available for the purpose of the proposed armament. „ - • The President Tuesday transferred the whole Venezuelan controversy to Congress, transmitting, with a vigorous message on the Monroe doctrine, the 1 correspondence between Secretary Olney and Ambassador Bafard and the British Government, and the Marquis of Salisbury's reply declining to arbitrate the question. I‘arts of the President's message ring like a call to ar.fhs. His promptness in transmitting the Venezuelan correspondence t® Congress and his evident desire to have quick attention therepn prbmpt--e<l--hi ■ si—ki+ge--+Hea+ti+Fe”by~t4i-e-belief~tbii4- ' EhglAbd Uhd I'oneziiela wei't* secretly negotiating for a direct settlement of their differences.

FOREIGN.

Li llitng-dtaTig-has-sen4 a messagrrto the American people asking them to send more 1 Missionaries to China and promisii 1g to protect, them. Justice Barnes, of the London Court of I’robrfte gnd Divorce, has made absolute Uhe divorce decree in favor of John Rogers, of New York, against his wife. Wilhelmine Rogers, better known as Minnie Palmer, Shareholders of the Banque du I’euple at Montreal have discovered that nearly $2,000,000 of the bank's funds Jias been invet-ted without, authority of the directors anil accounts have been overdrawn .$1,500,000. The official statement of the vintage of France for 1895 sliowS the tot-al production to have been 26,688,000 hectolitres; a reduction of 12,365,000 hectrolitres from and of 4.014,(M)0 from the average of the last ten years. All the Faris newspapers which comment upon President Cleveland's message and the subsequent action of the paited States Congress-support the stand taken by Great Britain in the matter and protest that Monroeism is not and cannot be a principle of international law.

IN GENERAL.

And now St.•• Louis wants the. Democratic national convention. St. John's, N. F.. dispatch: The coast steamer Yirgiiiia Lake reports immense destruction all along the coast. The schooners Victory, with twenty-two men, jam! Goldfinch, with fourteen men, have been lost. Several other vessels are missing. A boat named Peri Pampai was picked up on the Grand Batiks. It is believed to have belonged to a foundered French vessel. Delegate Tomas Estrada Palma. Minister Plenipotentiary to this Country of Cuban revolutionary Assembly, left New York for Washington. He will probably open the Cuban Legation in Washington; ..for which a house has been rented. He will eonfer-with Congressmen and Senators before presenting his credentials to President Cleveland. Secretary Gonzalo de Quesada, of the Cuban revolutionary party, will be secretary of the Cuban Legation. Sentiment in this country seems to.be very generally in favor of President Cleveland’s position upon the Monroe doctrine. The message was warmly received . by Congress. and .many Governors have commended it. In London the message created a profound sensation. Neither the press nor public seemed able, to appreciate its full scopp. It was. characterized as “a remarkable document,” and the Times said it “was read in London with blank astonishment.”

MARKET REPORTS.

Chicago—Cattle, common to prime, $3.50 to $5.50:' hogs, shipping grades, $3.00 to $3.75; sheep, fair to choice, $2.50 to-$3.75; wheat. No. 2 red, 56e to 57c; -corn. No. 2, «!5e to 26c; oats. No. 2,16 c to 17c; rye, No. 2,34 eto 37c; butter, clipice creamery. 26c to 27c; eggs, fresh, 21c to 23c; potatoes, per bushel, 20c to 30c; broom corn, S2O to SSO per son for poor to choice. Indianapolis—Cattle, shipping, $3.00 to $1.50: hogs, choice light, $3.00 to $3.75; sheep, common to pHme, $2.00 to $3.75; wheat, No. 2. 64c to 66c; corn, No. 1 white, 26c to 2Se; oats, No. 2 white, 21c ■to 23c. St. I,ouis—Cattle. $3.00 to $5.25; hogs, $3.00 to $3.75; wheat. No. 2 red. 62c to 63e; corn, No. 2 yellow, 23c to 24c: oats, No. 2 white, 16c to 17c; rye, No. 2,31 c 'to 33c. Cinctnmrti—Cattle, $3.50 to $4.50; hogs, $3.00 to $3.75; sheep, $2.50 to $3.75; wheajf No. 2. 66c to 67c; corn, No. 2 mixed, 27c to 28c; oats, No. 2 mixed, 20c to 21c; rye. No. 2, 3!)e to 41e. Detroit—Cattle, $2.50 to $5.00; hogs, $3.00 to $3.75; sheep, $2.00 to $3?50; wheat. No. 2 rod, 65c to 66c; corn. No. 2 yellow, 26c to 27c; oafs, No. 2 white, 21c to 22c: rye, 37c to 3Se. - Tolodo—‘Wheat! No. 2 red. 65c to 66c; corn. No. 2 yellow, 26<- to 28c; oats. No. 2 white, 19<- to 20e; rye.'No. 2,37 cto 38c; clover s'eed, $4.15 to $-L25. Buffalo—Cattle, $2.50 to $5.25; hogs, $3.00 to $4.(M»'; sheep. $2.50 to $3.75; wheat, No. 2 red. 70e to, 73c; corn. No. 2 yellow, 32c to 33c; oats, No. 2 white, 22e to 24e. Milwaukee—Wheat. No. 2 Spring, 56c to 57c; corn, No. 3,25 cto 26c; oats. No. 2 white, 18c to 19el;ijbnrley, No. 2.-31 cto i- 33c; rye, No. 1,35 cto 37c;- pork, mess, $7.75 to $5.25. '< New York—Cattle, $3.00 to $5.25; hogs, $3.00 to $4.50; sheep, $2.00 so $3.50; wheat, No- 2 red, 69c to 70c; corn, No. 2, 33c to 34e; oats, No. 2 white, 22c to 23c; butter, creamery, 17c-to 29c; eggs, Western, 21c to 24c. *».- J - •

CREDIT IS THE IRCIUB

HOW LONDONERS HOPE TO WORST THIS GOVERNMENT. ‘ ~ I : ' - -- ■ Financiers Considering the Advisability of Realizing Cash—Some Entertain Fear as to the Final Result —Wall Street in a A May Call injTheir Credits. A London dispatch says: A grave bu.t inevitable consequence of President Cleveland’s message' upon the Britishiiriseii perhaps sooner than might btive been ’ expected. A meeting cff'qimniinimbJjmtfncialJeadeia. w 1 io have im port a u t>irrferest> inT he Un itcd States was held in a London s banking office pf considering the advisability of united action in calling in fheir-Anwrietin credits. It is undoubtedly within the power of English capitalists by such 2a-rcombined movement to deal, America a. blow which would, temporarily, be . terribly embarrassing and disastrous.' It would, ,fiowever, prove to a certain exteiit —a boomerang, and this view had its influenee upon the majority of those whrrattended the meeting. The conference was private and it yvasjiipt intended even that The faet that it took place should be allowed to be made pu'blie.

Panic in Wall Street, was a paiTie in the New York stock inarket Friday. The President’s special message to Congress on the Venezuela affair had the effect of frightening the foreign investors —especially the En-glish-Hn Americdn securities. Before the Eastern markets opened cables from London evinced that there was a semipanic in the American department on the British Bourse. Stocks and bonds were -tlirow4won-4-h.cv--wiayket-4usgardless...af..llia.. price~nnd buyers were very-few even at enormous concessions. At the close of the exchange in court the “Yankees” wdre thoroughly’ subverted. The general list fell from 2 to (J points below the final New York quotations. In Wall street the-effect df T.ondon's closing tig-' tires was simply defnoraliziii.'*. The itn- * portant and active .properties opened all the-way from 1 to 3 points off tintLup to noon continued to fall, Each successive cable indicated still lower figures,” and it was finally reported that many “jobbers’’ on the Lomloii Stock Exchange had refused to accept orders. The unfavorable news was coincident with preparations by the gold-shipping houses for Saturday's exports to Europe. The initial trading was highly sensational, and declines were made till along the line; extending to 4Vj nreT“cent. -A sinister feature was an advance in rates for. call money to 15 per <jent., collecting the calling of loans. Three failures were reported on the New York Stock Exchange and one on the Consolidated 'Exchange. Ohly one, that of S. S. Sands & Co., was of financial importance. ’The railway and miscellaneous bond market was also demoralized,, declines ranging up to 15 per cent. It was rumored that a single house had dumped $4'00,000 of Reading bonds on the inarket. Wisconsin Central trust receipts'scored the extreme loss .noted and in the leading speculatives the recessions extended to 11% per cent’,. iiu-Kansas and Texas seconds, to 47%. Arouiid 12:30 thg-?selling pressure abated and retf’Ovtries were made; in the stogk marketfrom the lowest extending to 3 per cent. Bonds'’were relatively active. Collapse of a Building. The second floor of the I’affice Clothing" Company’s big store on Nicollet avenue. Miruiehpolis, collapsed just before noon . Friday. Gale Walters, tt clerk, is dead, and, a dispatch says, otliefs may be ip the ruins. The store is a double front, ami the entire right half of it collapsed from the. fourth floor to the basement. The bqildihg is an old one,--which was remodeled for the Palace Company's use. Asks Now for Gold. President Cleveland sent another message to Congress Friday in which he requested inimediate legislation to protect the gold reserve, stating that immediate demands throateiied to greatly deplete, if not to entirely wipe it out. A revision of the currency’ system is also asked, and he requests that no adjournment be had until these had two measures are accbiuplislied. Seriate la as One Man. Friday the Senate without a dissenting vote passed the House bill for the appointment of the Venezuelan commission. Not an amendment was pressed.

NEWS NUGGETS.

Rev. Joseph Cook is reported to be at Kobe, Japan, broken in mind and body. Cardinal Satolli lias received the red skull cap, the insignia of his hew office. Governor M. J. Foster was renominated by the Louisiana Democratic State convention. An official dispach from Zeitoum says that the Armenians there, on Sunday last, massacred all the Turkish soldiefs imprisoned in the town. Federal,officers have arrested at St. Louis, Kansas City and Paola, Kan., the members of a dangerous gang of counterfeiters and seized $91,1X10 in bogus $lO silver certificates. Mexico has granted a concession to George E. Detwiler, of Chicago, and Emil B. Barry, of Boston, to bpild a railway along the,Pacific coast from Tehuantepec to the Guatamala frontier. They get about $5,p00,000 subsidy. William P. Harrison, son of Carter H. Harrison, the late .Mayor of Chicago. ar 3 - rived in San Francisco from an extended, trip to the antipodes. During his stay on the Samoan Islands over twenty-five individuals were devoured by the cannibals. By accident he escaped the same fate. Erastus Withan is a free man again, the New York .court of appeals having sustained til'd/ opinion of the supunne court reversing the judgment of conviction and sentence of five and one-half years. Wiman .was indicted for forgery, but it was shown that he was convicted and sentenced fotxiverdrawing his account with R. G. Dun & Co. Tn Denver, Colo., fire broke out in the Riche Block, a two-story building nt 16th and Cjirtis streets. The stores of Estes Shoe Companj, Babcock Bros., hatters and furriers, and Tucker Bros., furnishing goods, were gutted. The Pennsylvania Board of Pardons has refused a pardon to John Bardsley, the ex-ci*y treasurer of Plflladelphiu. Jdoyd Montgomery, the 18-year-old boy ’who murdered his father and rnofher and Daniel McKeercher, near Brownsville, Ore., has been found guilty of murder in the first degree * ’ ■

ASKS NOW FOR GOLD.

MESSAGE TO CONGRESS. % Urges Revision of the Finances, and Requests that No Recess Be Taken Until Gold Reserve Is Protected— Immediate Action Is Sought.

Text of the The following message was sent to Congress by President Cleveland Friday: To the Congress: In my last annual message the evils of our presentfinancial system were plainly pointed out and the causes and means ofuhe depletion of government gold were It Was therein stated that after all the efforts that had been made by the executive branch of the government to protect our gold reserve by the issuance of bonds-, amounting to more than $162,000,000. such reserve then amounted to but little more than $79,000,000, about $16,000,000 had been withdrawn from sueh reserve during the month next previous to the date of that message, and quite large withdrawals for shipment in the immediate future were predicted. The contingency then feared has reached us, and the withdrawal es gold since the communication referred to and others that appear inevitable threaten such a depletion in our government gold reserve as brings us face to face with the necessity of further action for its protection. This condition is intensified by thd prevalence jn certain quarters of sudden and unusual aj prehension and timidity in business circles.

W e are in the midst of another season of perplexity caused by pur dangerous ahd fatuous financial operations. These TS?T Jke expected ~to occur with certain t y as long as there is np amendnumTiii our financial system. If iiPthis particular instance bin’ predicament is at all influenced Ty a recent insistence upon the position We’should occupy in our relation to certain questions concerning mw foreign policy, this furnishes a signal and impressive ■warning that even the sentimeitt ,of our people is not an adequate substitute for a sound financial policy.' Of course there can be no doubt in any thoughtful mind .as to the edmplete solvency of our jiation, nor can there be any just apprehension that the American people will be satisfied with less than- an honest payment of our public obligations in the recognized money of the world. Wo should not overlook tlite fact,- however, that aroused fear, is ujireasoning and must be taken into account in all efforts to avert public loss and the? sacrifice of our people's interests. - ' „ Cure for Recurring Troubles. ' The real and sensible cure for our recurring troubles can only be effected by a complete change in our financial scheme. Pending that the executive branch of the government will not relax its efforts nor abandon its determination to use every means -within its reach to maintain before the world American credit, nor will,there be any hesitation in exhibiting its confidence in the resources of our country and the eonstaiit patriotism of our peo’j r lit-wieW, however, of the peculiar situatio.lT,now confronting us, I have ventured to herein express the earnest hope that the Uongiress, in default of the inauguration of a better system of finance, will not” take a recess from its labors before it has, by legislative enactment or declaration,. done something not only to remind those apprehensive among, oiir people that the resources of this government ami a serup-’ ulous regard for honest dealing jifford ik Sure guarantee of unquestioned safety and. soundness,,but to reassure the world that with these, factors and the patriotism of our citizens the ability and determination of our nation to meet in any circumstances every obligation it incurs do not admit of question., 1 I ask at the hands of Congress such prompt aid 41s.it alone has the power to give to prevent in a time of fear and apprehension any sacrifice of the people’s interests and the public funds or the impairment of our public credit in an effort by executive action to relieve’the dangers of the present contingency.

GROVER CLEVELAND.

SENATE IS AS ONE MAN.

Passes the Bill for a Commission Unatfiinouely. Neither th<?' bluff and bluster of British financiers fio- the threats of Wall street operators gloved the United States Senate from what it deemed its path of duty Friday. Republicans and Populists joined with Democrats in giving the strength of unanimous support to the President, who, it was Conceded, had but performed his loftiest duty in setting forth in forcible words the concrete sentiment of the American people in his recent message on the Venezuelan boundary dispute. 'The House bill for a Venezuelan commission passed the Senate by a viva voce vote, and not one voice was raised against it nor a single amendment urged. It was openly and bravely stated on the Senate floor that concerted action was being taken by the money rjagnates of England to bring pressure to bear to set aside the threatened investigation proposed by the President through the story that nothing but party politics., had prompted the President's, actiofi; and if was also proclaimed that Wall street, while the debate was in progress, had been the Senate chamber with telegraphic messages proclaiming the direst panic on record if the Senate insisted upon adopting the House bill. But the Senators were not to be intimidated. And Mr. Lodge, of Massachusetts, and Mr. Chandler, of New Hampshire, took occasion to serve notice on the money powers of London, jvho seemed to be striving to create a panic by disposing of American securities, that the patriotic sentiment of the United States could not be influenced by such a course, and that the people of this country should stand up to the last for What they believed to be the right. Congress would do its duty, no matter what the financial operators of Wall street might do. Violinist (proudly)—The Instrument J shall use at your house to-morrow evening, Mein HeiT.'ita over 200 years old. Parvenu —Oh, newer mind that It is -good enough. No one will know the difference?—Harper's ilazar. Maud—Do yon really love Tom? Madge—Oh. no; not In die hm.st. MaudThen, why are you going to marry him ? Madge—Oh, he’s such a good fellow I couldn’t think of letting anybody els* get him.—Boston Courier.