St. Joseph County Independent, Volume 22, Number 24, Walkerton, St. Joseph County, 2 January 1897 — Page 2

@The Independent. ee e e W, A, ENDLEY, **ublisher. m.:m:_::_————____—. WALKERTON, . . - INDIANA TLY O " HOMES SWEPT AWAY, BOG SLIDE AT CASTLE ISLAND, IRELAND, UNCHECKED. Great Glacier of Pcat--Mass a Mile and a Half Wide Is BSweeping Through the Flesk Valley, Destroy= ing Farms and Houses, Many Lives Are Lost, During Monday night and Tuesday morning the bog slide at Castle Island. County Kerry, Ireland, continued unchecked, a copious rainfall heiping the movement. The mass of bog was a mile and a half wide, roared like the ocean, carried away bridges and roads, detroying houses and farms, and sweeping through the Flesk valley, emutying peni. carcasses of cows, sheep, and donkeys, and debris of houses into the Lake of _ Killarney. The people living in the diArectionanaviieh oo slide came fled. Lord Kenmare caused a cordon of guards to be drawn around the slide in order to prevent loss of life. The greatest excitement prevailed in the vicinity, wnd all the houses there were opened to receive the hundreds of people rendered homeless by the disaster. The subsidence of | the bog seems to have been an extraor: | dinary affair. There were terrible storme | through the night, and about 3 o'clock in | the morning the people of the distriet | were alarmed by an unusual rumbling, | which they feared was caused by an | carthquake. The bog, which was believed to be thirty feet deep, and which had long supplied the whole neighborhood with peat, was moved for several miles along an old water course, filling a quarry twenty feet deep on the way, Hoeoding the rivers of the country with peat water, and doing a deal of damage. At the Donelly homestead ten persons completely disappeared, leaving no trace.

Failure of a Dallas Concera. 'l‘.hv failure of the Dallas, Texas, Security Mortgage and Trust Company hax caused much discussion in business circles, Many business men had long expected trouble for the concern, but the lf"‘_M"‘ g"‘m‘l‘“”.\' was surprised at the failure. ; I'he opinion is general that local losses will be comparatively insignificant, i but I‘]:lstvrn and foreign capitalists will lose fully $1,500,000 on their investments n'nfl.venmrvs. The exact figures on liabilities and assets were given out as follows: Taihalition .ol L i GOIB 1,200.225 RLeeßt o 10,000 Quit sale mortgages .... .... 639,000 }ntm‘e5t................... 25,000 TAXES ... covvvvveins vonens 17,000 Liubilities on stock .......... 500,000 Cash and mortgages ......... 1,300,000 I 8 subcompanies ...... ...... 114000 Bonds in various corporations. HO.OOO )‘lortg:\ges sold (not collected). 650,000 Dotal asseta L 0o e 00 S RERSOOO - The subcompanies are the Trust Com--pany Building Association, the Texas” Farm Land Company, the Security Investment Company and the Cotton Mills Building Association. Robbed in an Elevator. Two men armed with revolvers, at 3 o'clock Tuesday afternoon, held up and robbed Joseph K. Spanaeimer, in an elevator in the building at the southwest corner of West Monroe and Jefferson | streets, Chicago. The robbers secured €512 which Spanheimer carried in a satchel. and then, after forcing the elevator boy at the muzzles of their revolvors to lower the cage to the first floor, ran out the door and made their escape. Spanheimer is a clerk in the employ of the Wagner Palace Car Company. For more than a year it has been his custom every Tuesday afternoon to carry frem the offices of the car company in the Woman's Temple to the office of the Central Steam Laundry Company, in the building where the robbery occeurred, the amount of the weekly laundry bills of the car company. The robbers had followed him. and made their aftack just when outside aid was most remote.

Depositors Beinx Paid. The Atlas National Bank of Chicago has gone into voluntary liquidation, and on Monday morning began paying depositors, Though the Chicago ClearingHouse stood behind every dollar that the bank owed, many thousands of dollars were carried from the bank vaults. It is not very long ago that the Atlas made a very unsatisfactory report of its affairs, and was taken sharply to task by Comptroller Eckels, who insisted that reforms be made in the management. A subsequent report was more satisfactory, but it was evident that the improvement had been brought about only by the most desperate effort. Comptrgller Eckels expresses the opinion that the voluntary liquidation of the bank will at once and permanently clear Chicago's clonded financial atmosphere. BREVITIES, Theosophists are to build a college in California. The steamer Carranza, from Rotterdam. has been lost off Cape Ajob. Nix members of the crew were saved, but fifteen are missing. The Columbia National Bank of Minneapolis, a small institution of comparatively recent establishment and $200,000 capital, closed its doors and ig now in the hands of the bank examiner. "The tariff hearings before the Ways and Means Committee began at the capitol in Washington promptly at 10 o'clock Monday according to the published program. There were several large delegations in attendance and much interest was displayed. . James . Francisco, who cperated the John Bull locomotive which was brought from England in 18306, is dead at Iremont, Ohio. Governor Bradley of Kentucky announces his intention of resigning. He says the place is killing him and that he cannot afford to remain in oflice till his health is entirely lost. A report comes from Rome that Avchbishop Corrigan of New York is to be made a cardinal. Arthur Lingard died at Lancaster, Ohio. at the age of 107, leaving a fortunec of $2,000,000 and no kin.

WESTERN. The Bank of West Superior, Wis.. did not open Wednesday morning. It is a small institution, with a capital and surplus of SIOO,OOO. The failure was the direct result of the failures of the Bank of Minnesota and the National Bank of Illinois. Professor . B, McKay, professor of Greek in the Baptist College at Sioux Falls, S. D,, hanged himself in-his room. He is supposed to have been temporarily deranged, as the result of overwork and a slight illness. He came from Des Moines. Towa, where his father lives. In the suit at Portland, Ore., of 1. MecNeill, receiver, against the Liverpool, London and Globe Insurance Company, the jury returned a verdiet against the insurance company for $72,000, the amount sued for, The suit was brought to recover insurance on property belonging to the Oregon Railway and Navigation Company that was destroyed by the burning of their large elevator three years ago. At 7:20 Wednesday morning one of the most terrible and appalling explosions in the history of the Indiana oil field took place two miles northeast of Montpelier. Tt was the nitro-glycerin magazine of the Empire Glycerin Company, situated on the Elijah Gale farm. Two oil weil shooters of Montpelier and their teams were blown to atoms. The men were: George Hickok, aged 42 years; Harry Wood, aged 23 years.

At Cincinnati Thomas W. Keene, who was playing an engagement at the Walnut Street Theater, was presented a loving cup Ifriday night. The presentation was on the stage after the second act, with Charles B. Hanaford as spokesman, to whom Mr. Keene responded feelingly. The cup was inseribed with the names of the members of the company and of the business staff. It is silver, gilded inside, and provided with threo handles. The Colorado State Supreme Court has denied the application for a rehearing in the case of Sheriff Newman of Lake County, sentenced to six months’ imprisonment and retirement from office on a charge of malfeasance. The judgment against Newman will probably be carried into effect within a few days. Gov. MeIntire has announced that if a successor to Newman be appointed who wili enforce the laws in good faith he will withdraw the troops from Leadville. The great activity at the Mare Island Navy Yard at San Francisco noticed is due to the fact that the station is being placed on an emergency footing. Stories of all descriptions are being received, as well as ammunition for the heavy bat-

teries on ship and ashore. Orvders have also been received to place aboard ecach vessel 135,000 rounds of cartridges for small arms. The sailors are expecting to have their shore leave stopped. Oflicials at t!le yard have been notified they will receive a fully supply of armor piercing shells of the latest pattern. .The Missouri State Supreme Court decided that the section of the charter of Kansas City providing that each qualified v.oter who fails to vote at a general eleetion should be taxed $2.50 is invalid. It was a test case, in which the city brought suit against a voter who had failed to vote to recover the tax. The court in its decision says: “Who can estimate the ARG LU LANC R ars b e . - is degrading to the franchise to associate it with such an idea. The ballot of the humblest in the land may mold the destiny of the nation for ages.” Otto Wasmansdorf, the Chicago banker, member of the defunct firm of Wasmansdorff & Heinemann, shot and killed himself at his home Sunday morning. Feeling that his good name had been smirched and unable to bear up against the financial ruin which had overwhelmed him as a result of the failure of the National Bank of Illinois, he ended his troubles with a bullet. One of his last acts was to mortgage his personal property for the benefit of his creditors. e saw before him the world as it appeared when he was just beginning his carecr, but his youth and energy had left him. The prospect frightened and dismayed him, and his courage failed. He Dbelieved he had lost his reputation, and without that he could not begin the world anew. So he went quietly to his son's room, and with his son's revolver ended it all. H. W. Campbell, a prominent soil culturist of Sioux City, has signed an important contract with the Burlington. Mr. Campbell has been experimenting for the last three years on a process of turning the arid belt of lands in Nebraska, Colorado, Kansas, and the Dakotas into cropproducing districts. The experiments have been of such a successful nature that he has also induced the Northern P’acifie, the Soo line, and the Chicago, Milwaukee and St. Paul roads to enter into the scheme. Starting in the spring of the coming year the roads have agreed to each establish five experimental stations in places which may be designated by themselves, and men acquainted with Mr. Campbell’s peculiar methods will be placed in charge of them. The farms will consist of forty-acre tracts, and the products raised will consist of corn, oats, wheat, rye, and all varieties of vegetables. A Chicago electrie ear ran over, horribly mutilated, and Kkilled littie George Danemark at Throop street I'riday afternoon, as a result of the boy's attempting to steal a ride, and forthwith a crowd of several thousand persons assembled, beat ithe conductor severcly, tried to throw the car off the track, and were barely kept in check by a wagonload of police from the Maxwell Street Station. The accident caused such an excitement that it came near leading to other deaths within a few minutes. It happened that a large congregation was coming out of St. Procopius’ Catholic Church, a block east of 18th street. In a moment GOO of theo congregation had surrounded the car, and the sight of such a crowd quickly attract- | ed four times as many more. It i thought by some of the spectators that | there may have been as many as 4,000 | people in the street. As soon as they saw the mangled remains of the boy they | were transported with rage. 'n she meanwhile the conductor and motorman | not knowing that there was a telephone in Kvitek’s drug store, at the southeas _} corner of the street, ran together to Cen . | ter avenue to telephone the accident t t | the offices of the company. Only th 1 | arrival of the company’s wrecking wagon and a wagon load of patrolmen, saved th | men from a lynching. o Blue Cut, made historic through th operations there of the James and Young .. § er bands when they were pioncers in th o ! train robbing industry, was the scen Wednesday night of its fourth holdu

lby road agents. At 9:20 o'cloefigfis St Louis and Chicago express on tg,chlI cago and Alton Road, which left Kansas | City at 8:45, was flagged at Blue Cut and came to a standstill. It is the same | train that was held up two months ago. Masked men immediately covered the engineer and fireman and compelled them to get down from their cab. At the same time another member of the ban g uncoupled the express car from the rest of the train, and before the surprised train men had time to collect their wits the bandits were speeding down the steep grade beyond Blue Cut with the engine and express coach. Express Messenger A. L. rier, of St. Louis, was a prisoner in the express car. Kansas City officials of the United States KExpress Company say the train carried very little cagh, but that the car was filled with an engrmous amount of miscellaneous express of great value. Christmas boxes made ugla considerable amount of the treasurg KEngineer 18, B, Meade and his fire#an immediately after the robbery seffout in search of their locomotive. Thdl¥ found their engine dead at 1 o'clock Tlursday niorning, in a cut a mile cast @t Glendale, with the express car, but #eir report suid nothing about the fagl of the express messenger, e SOUTHERN. § Reports from Letcher Couy * state that a bloody battle was e \Willa dance given at the home of D€' = inms. One hundred shots L“flm o ~Charley Hogg, a prominent gapuntain teacher, was mortally wounde! flogg's friends swear vengeance and a ", d may follow. e Plunging down 110 feet throughfin iron trestle, an accommodation trainf@n the Birmingham Mineral Road Sund@§ janded its passengers and train erd® iy a death trap on the rocky boiton§¥of the Cahawba River. Os those on bogigd only nine escaped alive, The numbeflof the dead is estimated at thirty-five. FCremation alive was the horrible f of a number of the victims, The starfling assertion is made by one of the sfirvivors that the wreck was the work @f train robbers, and that after the humarf freight had been precipitated into the rifer they rebbed both dead and dying, palying no attention to the piteous appeals !m' help. A passenger train on the Southern Railway, due at Birmingham, Als., early Wednesday morning, had a nagrow escape from destruction at a pomt near [rondale, about twelve miles east of Birmingham. The train was running at the usual rate of speed, when, on approach- | ing a short trestle, the engineer discovered that a rail had been removed from’ the structure, presumably by would-be robbers. The air brakes were applied and the train stopped in time to aveid a terrible disaster. The engine, however, went partly over the break in the rails, but remined on the trestle. Southern Railway officials claim that no one on the train was injured. IKey West, I'la,, dispateh: The steamer Three IPriends, Captain Lewig arrived I'viday afternoon. The captain says the vessel is from Jacksonville, andfthut she has been on a wrecking voyage hlong the reefs, The customs officials | sre in charge, and there is really no deubt that the vessel has just returned fedm landing arms and ammunition in Cual . Nothing was found on the vessg & has .\“v\vl'x.\\‘ Btles, Nyee—— “"‘“"."‘1 ble on her bulwarks antfig £y . ;‘:"i; when asked the meaning oSB g the hm stated that she was chasegd assral bor by the dangerous presén Wvino \:” Spanish men-of-war that we ends is the keys for her. 'The Three : . s ey G dtime and charged with infringing the mary ¥intted neutrality regulations of the " Ntates.

WASHINGTON, S § Anmong the callers at the 'l‘ref‘“f" Department Wednesday in “y‘slm'u‘:tuu were a bridal couple from Chie ad !ho_\’ were fairly started on their \\'owm.}‘:]'mr' ney when the bridegroom was h'\"‘rm“d to | discover iiis money was in the vshax'w .”fi drafts by the National Bank 01.1”““”5' which had gone into liguida o _“ looked for a while as if the al ‘,”." would come to an inglorious € ( hiy engo friends, however, soon ma things all right and the happy pair wens B their way rejoicing. : The State Departmnent at W mghf" has been requested to interest Eself ot the. case of Ilnrique Delgado, American citizen, reported to have 1 e CBDtured by the Spaniards whi lying wounded in a Cuban hospital® nd believed to be in danger of sum -Pl cution. A representative of jhe New York Mail and lExpress waited jpon S'e('retary Olney and claimed the 1%_0&(:“(”) of our government for Delgado, © h,om he deseribed as a legitimate correspe dent of that paper and in no sense a @ batant. An interesting review of s On,fiSh conditions in this country is ,de i & report of the United States fisfi‘mmmls' sion on artificial propagation of & Imon on the Pacific coast. The reportuys tl}(: I¥:|;tlc Creek station of the galifornia State commission, located abd® so,“‘" miles from Anderson. ray soon@gr" into the charge of the United States sl stated that 20,000,000 salmon gae <" taken on Battle Creek in six Wl " A favorable vear. The report copeEs $ tbui the salmon ountlook is rlu'umz" but makes a disheartening review®® gai old scheme to restock depleted saluf#® TIVErs on the Atlantic coast. The repgs lags it down as no longer open to quegs on that quinnat salmon, at least those », spawn a long distance from the ocveanfßever return to it again alive. They @ die on the spawning grounds. - | e FOREIGN. | s £ All of the Australian Premiefj have accepted the invitation of the Memier of New Zealand, the Hon. I{i('ha; J. Seddon, for a conference at FHoBEE A dispatch to the London Gra;khic says: “It is stated that a Russiapgileet of twelve vessels has been st{}bned at Viadivostock to watch Japanipwhich is suspected of meditating anot i[l'f blew at China.” i Count Pappenheim of Bgyd suing for divorce from his wife @ ughter of the late Charles Wheeler ofi@iladelphia. The couple quarreled over th ;:finonnt the countess, who received nearly *=ooo,ooo from her father, should gis, ,'lisbnnd. When the French and Tt@fiais4 mbassadors protested to the SWgan jgainst Mazha Bey, who is held toge-rosponsi-ble for the Salvator murd@ being inc¢luded in the general am i they requested their respective @ fiments to send Iloots-tu f\le.\'undrm' "This step ' \\":l.\' tuku‘n in view .nf a‘p le misecar- | riage of justice, which Fr ,and Italy

’ are resolved at all hazards shall not happen. All of the Ambassadors have refused the porte’s request that all foreign vessels be searched for arms, Dr. Maximo Zertucha, during the life of General Antonio Maceo attached {to the Cuban leader's staff ag g surgeon, and after the death of Maceo accused of treachery in causing his betrayal into the hands of the Spanish troops, has written a letter to the New York Herald, in whiel, he says that despair drove Maceo to court death. This despair was caused, he aflirms, by the lack of support which Maceo received from the insurgent civil chiefs. Upon the shoulders of some of them also Dr. Zertucha lays the charge of having received money from the Spanish Government. The London Times Parig correspondent says: “The Washington government has been confidentially informed, although in friendly terms, that the Buropean powers would not remain passive should the United States recognize or encourage the Cuban insurgents. If my information is correct an intimation has been further given that Germany is quite ready, even now, to take Spain’s side should the United States show a dispvsition officially to side with the rebels, These warnings originated in the course of pourparlers for 8 luropean coalition against revotutionary socialism,” e of the principal reasons given by the Spanish Government for insisting upon Gen. Weyler making a decisive attempt to clear the Provinces of Pinar del ' Rio, Havana, and Matanzas within a few weeks is the urgent necessity of scoring a military success before Spain has once more to appeal to the native and foreign market for fresh loans when she exhausts the money obtained by recent interior loans—namely, in March next yvear. At present the Minister of Colonies disposes of ¢ash and Cuban bonds of the value of about $50,000,000 only. Out of the said loan come the expenses of the war, being for Cuba $12,000,000 monthIy, and for the Philippines at least $4,000,000, Up to the present the Spanish treasury has assisted the Cuban treasurs by guarantecing advances made by foreign and native bankers upon Cuban bonds and by pledging the sources of imperial revenue for the recent $80,000,000 loan. The moment is aproaching when the Spanish budget and Spanish taxpayers must be asked to provide in the shape of additional taxation $26,000,000 annually for the interest and sinking fund of $240,000,000 thus raiced to meet only in part the expenses of the Cuban war up to March, 1897, and which the Cuban budget and Cuban taxpayvers could not possibly undertake to pay, even if the war soon terminated. The budgets have shown deficits averaging $5.000,000 an nually before the present insurrection.

IN GENERAL. Fire in the fashionable residence part of Montreal destroyed portions of the houses of Frank May, the wholesale dry goods man; John Ganlt, superintendent of the Merchants' Bank: and Judge Doherty. The loss will be about SIOO,OOO, As a result of the investigation made into the fur seal question by British and American experts, it is expected by officials of the State and Treasury Departments that Great Britain will be more The Bessemer Steel Association, better known as the steel billet pool, is still intact, reports to the contrary notwithstanding. One of the leading Pittsburg members of the organization, who has returncd from the meeting in New York, said: “The sessions were secret and some misleading information has been put before the public. 1 can state positively that the pool, as the newspapers call it, is still in existence and that it has not been dissolved. The only firms out of the combination are the Bellaire Steel Company, which withdrew, the Shoenberger Steel Company, which never went in and a small concern in Indiana. A committee of three was appointed to look into the sitnation and it will make a report within two weeks, when aunother meeting will be called. Meantime, the market will be open and prices will be anything that manufacturers can get for their product.” Another manufacturer said as to prices that billets were being sgold as low as $15.00 a ton, and he believed some makers were putting billets on the market at even a lower rate. This price is ridiculously low when it is considered that the price fixed after the organization of the pool was $20.25 per ton at the maker's mill. He also said that some of the members of the pool are now selling billets at an actual loss.

MARKET EEFORTS. Chicago—Cattle, common to prime, $3.50 to $£5.70; hogs, shipping grades, $3.00 to $3.75; sheep, fair to choice, $2.00 to $3.75; wheat, No. 2 red, 78c to 79c; corn, No. 2, 22¢ to 24c; oats, No. 2, 16¢ to 17c; rye, No. 2, R7c to 38c; butter, choice creamery, 20c¢ to 22¢; eggs, fresh, 20¢ to 22¢; potatoes, per bushel, 20c to 30¢: broom corn, common green to fine brush, 2¢ to Hl4¢ per pound. Indianapolis—Cattle, shipping, 33.00 to $5.25: hogs, choice light, $3.00 to $8.00; sheep, good to choice, $2.00 to $3.50; syheat, lio. 2, SSc¢ to 90c; corn, No. 2 white, 20¢ to 22¢; oats, No. 2 white, 21¢ to 22c. St. Lounis—Cattle, £3.00 to $5.25; hogs. £3.00 to $3.50; wheat, No. 2, 9lc to 93c; corn, No. 2 yellow, 20c to 2lc; oats, No. 2 white, 16¢ to 18c; rye, No. 2,34 c to 36ec. Cincinnati—Cattle, $2.50 te $5.00; hogs, $3.00 to $3.75; sheep, $2.50 to $3.75; swheat. No. 2, 93¢ to 95¢; corn, No. 2 mixed 21¢ to 22¢; oats, No. 2 mixed, 10c to 21¢; rye, No. 2, 35¢ to 3ic. Detroit—Cattle, $2.50 to $5.00; hogs, $3.00 to $3.75; sheep, $2.00 to $3.50; wheat, No. 2 red. 9l¢ to 93¢; corn, No. 2 vellow, 20¢ to 22¢; oats, No. 2 white, 20¢ to 21c; rye, 36c¢ to 3Sc. Toledo—svheat, No. 2 red, 94¢ to 96¢; corn, No. 2 mixed, 22¢ to 23c; oats, No. 9 white, 17¢ to 19¢; rye, No. 2,37 cto 39¢; clover seed, $£5.40 to §5.50. Milwaukee—Wheat, No. 2 spring, 7Se to 80c¢: corn, No. 3,21 cto 23c; oats, No. 2 white, 18¢ to 20¢; bariey, No. 2, 3ic to 35¢; rye, No. 1, 3Sc¢ to 4€c; pork, mess, $6.50 to $7.00. Buftalo—Cattle, $2.50 to $5.00; hogs. $3.00 to §4.00; sheep, $2.00 to $3.75; wheat, No. 2 red, 95¢ to 96e¢; corn, No. 2 yellow, 23c¢ to 25¢; oats, No. 2 white, 29¢ to 24c. New York—Cattle, $3.00 to $5.25; hogs, $3.00 to $4.25; sheep, $2.00 to $4.00; wheat, No. 2 red, 8¢ to 90c; corn, No. 2, 28c to 30c; oats, No. 2 white, 22¢ to 23c; butter, creamery, 15c to 23¢; eggs, Western. 18c to 2dc.

HEADS CHOPPED o OFF' —_\‘— SUMMARY DEALING WITH CHINESE PIRATES, e Counterfeiters Also Meet the fame Fate—Porte Is Obdurate and Virtually Defies European T'owers to Act —Kentucky Militia Under Arms, i The Oriental Way. According to the lastest advices from the Orient, Li Ka Chuch, superintendent of the Canton police, Nov. 23 seized a large number of counterfeit Chinese coins and materials for their manufacture. T'he chief coiner, Cheng Tung, and his confederates, Chan Mui, Tse Sang and others, were arrested. An imperial decree from Peking commanded the immediate decapitation of the three abovenamed offenders, and enjoined the viceroy to deal with the otliers as he thought necessary, according to law, as a warning in future to the people. The officials vsho effected the seizure were all promoted in rank. The Canton viceroy reported in another memorial the captrre of two notorious pirate junks in the open sea near Tau-Chow by the military officials, I effecting the capture one military official lost his life. A decree was issued Nov. 20 authorizing the execution of the captives and ordering the officials concerned in the capture to be promoted in rank and that the matter of the military officer having lost his life be referred to the board concerned for rewards and honors.

Abdul Hamid Is Stubborn. Constantinople dispatch: The Russian tmbassador Saturilay, acting in concert with the representatives of Great Britat, France, Italy, Germany and Austria, had an audience with the Sultan, Abdul Hamid, one of many such interviews which have taken place within the las: year on the same subject—that of a hetter administration of the affairs of the Turkish empire. The Russian diplomat began by warning the Sultan and the Turkish Government that if the revenues ceded for the payment of the Turkish debt were touched the European control of the finances of the empire would become inevitable. M. de Nelidoff, the Russinn ambassador, further informed the Sultan that the Czar guaranteed his personal safety and engaged himsclf to maintain the Sultan’s supremacy in the event of severe measures being necossary upon the part of the powers. The Nultan, however, refused his consent to any measure of contrel, financial or otherwise, by the powers. To this the Russian ambassador replied that the condition of the Turkish empire placed the throne and the caliphate in imminent peril. Theveupon Abdul Hamid remarked im pressively: “I may be the last of the caliphs, but T will never become a second < hedive,”

United States as Mediator. A Washington dispatch says: It has been learned from an authoritative source that Secretary Olney and Senor Dupuy De Lome, the Spanish minister, have practically terminated the negotia--326 1 ! ik i ased on the recent official communication from Premier Canovas, addressed to the Secretary of State. The Premier states clearly the terms which Spain wili accord to the insurgents and practically asks the United States to propose these conditions to her rebellious subjects. In return for our good offices Spain assures this government that she sincerely deplores the great commercial loss which we have sustained on account of the Cuban disturbance. She assures us that she is even now considering a reciprocity treaty which will deal mainly with Cuban products and which will be framed in such advantageous terms toward this government that our losses, both in commerce and in the destraction of American property in Cuba, will be most generously compensated.”

Dragged Down by the Atlas. As a result of the voluntary liquidation of the Atlas National Bank of Chicago, J. 8. & William M. Van Nortwick, who held 4G4 shares of stock in that bank and were borrowers therefrom to the amount of $300,000, made an assignment to the Equitable Trust Company of Chicago, who took possession of the Van Nortwdacks’ bank at Batavia Monday afternoon. The failure involves the entire interests of the Van Nortwicks, whose estimated wealth, according to their last statement, is $2,500,000, often estimated at three times that amount, and representing, besides the Van Nortwick bank and other property, large manufacturing interests. The total liabilities will probably be near $2,000,000. . NEWS NUGGETS, Rev. 12. H. Vaughn, president of Saule College at Dedge City, Kan., has been “deposed from the ministry for lying. Governor Bradley of Kentucky has several companies of the Second Regiment of the State militia practically under arms, owing to the fear that an attempt would be made to lynch Johnson *lowe, the negro held at Paris for the murder of Policeman Charles Lacey at Cynthiana. The Governor is supposed to call out the militia only at the request of the sheriff, but tkere have been so many Iynchings recently and the shesiffs have been so iuactive that Governsr Bradley has prepared to act on his own responsibility. There are still rumors that a mob may visit Paris, but it is safe to prediet that they will meet with a warm recep tion. A Washington scientist proposes to build a laboratory at Niagara Falls for the manufacture of large diamonds from carbon. A dispatch from Rome says a landslip has entirely destroyed the Village of Santa Ana de Pelago, demolishing 118 houses and rendering 150 families home less. There was no loss of life. The Wilson Line steamship Volo is @ total loss at Wingu, off thke coast of Sweden. The crew and passengers were saved. The Volo was a screw steamship built at Hull in 1880 and registered S4l tone net. A Londen Times dispateh from Calcutta says that the long-lost birthplace of Buddha has been discovered in NepaTeral. Stockholders of the failed Bank of Minnesota at St. Paul have appointed a committee to formulate a plan to reorganize the concern.

| o * LSE efthe E ¢ffh ; e 3 ; % ,5 “URE Reckless Banking Methods, That the failure was brought about by reckless management is patent to the most casual observer.—Minneapolis Tribune. The most striking feature of the Chicago bank failure is the heavy loaning in excess of the legal limit.—lndianapolis Sentinel. The Illinois National Bank failure appears to have been another case of directors who did not direct.—Portland, Me., Advertiser. Recklessness, indefensible banking methods and apparent fraud and rascality, were at the bottom of the troubl . — Wheeling Register. - The National Bank of Illinois failed because it violated sound banking policies, chief of which is absolute honesty.— Lafayette Journal. The principal object of the bank management appears to have been to make everything in Chicago prosperous except the bank.—St. Louis Republie. y The rovv‘l:uinns are suflicient to show committed.—Rockford Register-Gazette. Under such business eonduct the failure of the bank is not at all astonishing. The ofticers doubtless will be prosecuted on criminal charges for their violation of law.—Topeka Capital. The directors of the National Bank of Illinois conducted themselves so- badly in the management of that institution that many will think they ought to be consigned to the State prison.—Milwaukee Wisconsin. The wevelation is clearly made that theofficers violated the laws of safe banking and that they extended credit foolishly and to such extremes as could not but endatiger any institution.—Council Bluffs: Nonpareil. The Natiemal Bank of Illinois is but one of several banks that have. recently failed, and in every instance the failures have been caused by reekless banking and not by the business conditions.—Grand Répids Herald. When divectors direct bank officers do not lend money of their depositors by hundreds of thousands to their untrustworthy relatives. YWhen bank inspectors inspect such loans are simply impossible. —New York World. There could be but one result to such reckless methods and such disregard of the restrictions of the banking laws as isindicated by the transactions which. brought the collapse of this Chicago institution.—Springfield, 111., Journal. The failure of the Bank of Illincis turns out to be a case of rasecality rather than a lack of public cenfidence. No sys-~ tem of government can guard against the failure of banks which are so grossly mis» managed.—Des Moines Register,

Carlis e's Message. governmental expenditures.—St. Louis Post-Dispatch. Secretary Carlisle's report of the condition of the treasury contains, as usual, some interesting information and seme very bad advice. For the current fiscal vear the deficit ighestimated at $64,500,000, and for the next, $43,718,970.—Phi}adelphia Inquirer. - The Secretary of the Treasury is not called upon to antagonize prospective legislation or to set up his views in opposition to those which he thinks a new Congress would adopt.—lndianapolis Journal. The annual report of Secretary Carlisle, which has just been given to the publie, offers some clear and substantial reasons in favor of the withdrawal and cancellation of the greenbacks. What he has to say, however, contains nothing very new, and adds but little to the body of reasons already fixed in the minds of most well-informed people.— Champion Gazette. Secretary Carlisle's official plea for the national banks has been made. A large proportion of kis anmnual report is devoted to the subject. The plea cousists in recommending the caucellation of greenbacks and treasury notes, and so modifying the restrictions upon national bauks as to enable them easily and profitably to issue natiopal bank currency to fill the void caused by the cancellation of the government currency.—Cleveiand Recorder. Mr. Carlisle reiterates his spinion that the present revenue laws will, in time, produce suflicient to meet expenses, and says we need smaller apropriations rather than more revenue. Mr. Cleveland said something of the same sort, but why did not these chief officers of the administration require of the various heads of departments and bureaus to send in estimates showing how smaller appropriaticns weuld do?—Louisville Commercial The Cuban Question. It locks as if Mr. Oluney is quite prepared to hold Congress down while Mr. Cleveland does the rest.—Washington Post. Let us keep this Cuban question straight. The right of Congress is not necessarily the duty of Congress.—Cincinnati Commercial-Tribune. Senators Sherman and Morgan have gotten together on the Cuban question, and the rest of the country ought to be unanimous.—lansas City World. Spain does not want war. To that extent the United States is in harmony with Spain. This is not a war time, Wait a while.——Baltimore American. The notion that Spain intends to make a stubborn fizht in Cuba is corroborated by the faet that she is buying her mules in Kansas.—New York Journal. It doubtless purely a coincidence that some persous in Washington began to sell stocks before the news of the Cuban resolution eame out.—Chicago Record. If the so-called government of Cuba, which, by the way, is no government at all, has ever declared its independence, the fact has escaped the Journal's. notice.—lndianapolis Journal. One of the worst of the possible resuits of the Cuban excitement is a new button. It is already threatened, and nothing but the utmost conservatism on the part of. Congress will protect the‘public from theinfliction.—Detroit I'ree Press.