Rensselaer Republican, Volume 27, Number 48, Rensselaer, Jasper County, 6 August 1896 — EASTERN. [ARTICLE]

EASTERN.

W. B. Clarke & Co., one of the most prominent of the book-selling firms ol Boston, hare made an assignment for th< benefit of creditors. W.‘‘ K. Clarke organised the firm in‘lß74. No figures are ..w-m-Brpr<mMjtaUws.. t of Qip. syndicate of sterling exchange bankers, formed so prevent the depletion of the treasury reserve, bad a meeting at New York. J. Pierpant Morgan is quoted as saying: “The Strength of the exchange market to-day do entirely natural. There are no bills flflßlaot gold shipments and the supply of

Comrqercial exchange is moderate. The demand for exchange is not at all urgent, huwieVer." Referring to London cables intimating th(* probability of shipments of gold to this country it) the event of a premium of 1 per cent being offered here, M v r. Morgan said: “We do not need to imporugold at this time. The only use for gold would .be to settle accounts abroad, and it would obviously be absurd to import it at a premium of 1 per cent to liquidate a debt due abroad. As to the people who want gold for -hoarding purposes, they lack the credit and facilities for obtaining it.”"Robert Garrett, formerly president of the Baltimore and Ohio Railway, died as his cottage in Deer Park, Md., Wednesday morning. Mr- Garrett had beejf a hopeless mental invalid for many years. Robert Garrett was the son of John Work Garrett, who fbuiided the Baltimore and Ohio Express Company,- the Baltimore and Ohio Telegraph Company, and was president of the railroad of the same name for snore ihan a quarter of a century. Robert Garrett das born in Baltimore in April. 1847. He was identified with many of the commercial and artistic undertakings in Baltimore, and was one of the most benevolent a«d philanthropic citizehs of the Maryland metropolis. Ten or twelve years ago he erected in Baltimore one of.the most magnificent residences in the country. Mr. Garrett retained! he presidency of the Baltimore and Ohio Railroad till 1878, when he was compelled to resign because of mental incapacity,