Semi-weekly Express, Terre Haute, Vigo County, 17 January 1896 — Page 2

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•V.

SYNDICATEDISSOLViBD

MB. MOBGAirS CXBCCXiAB, MAKING THE FOBMAI. AMKOqtCBMKST,

& The Bmmb For the Action—His I«etter to *v Cleveland Explaining the Cir- fj|| fc&SS comstances* -v? 43,

'New Yotrfci -Jan,' 15.-tftie gj^tnm'eht bend fc^djica/te ha4

(been) -dissolved.

Memfoersf Of itHe syndicate' reoeived In

their (mall ith&s morning fa. "circular letter from J. B. Morgan & Co., releasing (them if ram .their commitments to tfurnllssh theiir pro rata of 1100,000,000 in gold, and a. second. 4100,000,000, if desliiaWe, taking their (payment therefor to 4 4 tper cent government Ibonld. Accomipanying letter (wa/s a circular "explain^tog iwihiy the syndicate -was formed, wihaJt auction was taken on 5its (behalf, (and why 1-t ®s -now dissolved. "On the 23d of DefoemJber," Mr. Morgan says, I ms ihvked tx Washington, far A con(Terence. iD-unlng my visit there no n«-cotte-tlons or a loan were even suggested, nor was there then, W sSinoe, any W (agreement, Or request, that 1 *houl"d take any steps (preparatory 'to aiming $ sacontifigajb. I came, (however, 'to the coivcfl/uslon f!ih&t "the (president and secretary of t(he 'treasury would us6 every power i' at "tlh-eiir command to restore and tato "the gold .reserve that no I woufld (be taken until "it was ascertained I wihat congress would do that £e execS (utifve 'department wouJd "prefer

I $200,000,000 Of gold, (and- that it was oeri: (tain that no irdSef would be obtained

r^preSTreturn,, appreciating the gravity (ft the situation, and In order that 1 mrfgiht foe ^repaired to ^tprom^t*v I took steps *o aacerbaito to what ex :C tent -ife -#OuMfoe 'Posb^^ oo-operation otf capditaMsts In syndicate w*rwh would 'affree to «eU to the United States government $200,008,S 000 of goftd coin. The contract prep&ivd tund signed Iby the participants dildwot eti'puilate whetlher the -purchase toe by ur!(vale contraiot or iby puIbLte

"The only prwlsllon in addition to the important one "Chat no gold' should 8yet rtVlthdnanvn, ifrom the -treasury, was lt)h.at th« mlnillm-uim amournt o.f the contraot ehauld lb* $100,000,000, the ®naxl«mim tiot Over ^00,000,000. The ap^lica*tlons «&r exceeded! my «xpecta)tIons. At the end otf -three or four day* the "total of $200,000,000 waft reached-, and I ma rulil dmifihorLty wWidh, wou!ld enable jme fwheneVer «nld !haw«!fver the executive .: imfcght decide to 'act, (to secure «hat amount of gold (for the treasury reserve 4n exdhamige ifor Unrtltedi States toonds.

Who the Bidders Vteri.

"The 'paiftfclipiants onily Ibe dilvtdwl tnto four classy: People dm Europa..wlho S were (prepared to shiip gold to tihls sride, I ftnistlltuitiond to *he UnHte'd States to pos^ cession of 'goQd, ooto, iwOio wanted Si either tfar. iiive^tifn'ent or 6s basis ior, 3 natlonial toaank elrcu!l)aJtion Jbanks in various cities Who were wdMiing to exchange fheiir gold ifor (bopdS, expectling afterwards to sell them 'the market arud •itasttiDt-U'tlons anid firms wot gal.l, tout iwhidh wouHd get it at whatevar co«t, (provided the contract was «put in fowS Partlclipationa were about •qtiialUy Aiviided "between the .four *la»3-

*B 'Having oormipldted the ^ytvdlci^te, I «nitered lnlto megatiatJlonB In. BUfrope and Tn pfacea other^hair Lo.tidoft W'here the market was closed +o «fl, «wi'd

tlhe Deutsch iBank ahd Messrs., Morgan, Harjes & Co., negotiations were pracitically concliuded fot1 pnlblic auibscflptlons in Germany, STrawoe and Holland, which would have resulted Wi 4 targe amount of bonds beln* plA«ed 4n thoae

*°"On January #h, reaitejintf thwfct the I tension was growing daily, d.nd had

ibe-

come serious, I addressed a letter to the president, ialling his .fiitten!tlo» to the si'tuaition, and rerresenti'njf thatt

the most important step was the restoration. of the government credit "py replen.lsihlng -the stock of gold. Details of what was proposed were giveai and assurances offered that 'the utmost forts would -to iSrocufo for tlx© treasury 11,500,000 ounces of gold."

Continuing, the circular pays "tlhMt the reason ifoi" the dissolution of the syndicate is that the syndicate Contract called (fJ+ A to I'd of "all Or none an therefore Mr. Morgana was unwilling to make a fold under the trfcseht cifcumetances, as mighlt s66itt present, for the consideration of the ©ecretary of the treasury, th^ "necessity of throwing out dt Smaller bida made in good tinder the public call. Hie only emergency in Mr. Morgan's judgment, which would Justify siidh a bourse would be, the failure of the ptubllc ifco tespond to the call of the government. It has been neoessary to- delay* the d'ls^olvtnjf ^ot the syndfoia'te up to the present twne, as every financial Interest required pro--teotdon afforded by the knowledge that the syndicate was lit existence pr6» .pared ito make a loan tinder any circumstances. The circular concludes: "I feel perfectly satisfied' #hat there is •no question, as to tlhe •uccesa of the v^loan." V-^ •wi Mr. Morgan's letter.

Y:'r The following is the texft of Mr. Morxa.n'8 letter to President Cleveland: New York. January 4, 1S96.

To the President, "Washington, t). 6.: Sir—It 1b wltih great hesitation that I venture to address you in relation to the present flnamolal situation. As you are doubtless well aware, financial affairs are approaching a serious crisis, and the tension today is extreme: and whilst no outward evidences have developed, we are likely at any moment to reach the point ana consequence^ which it will then be too late to remedy. The srravity^ of the situation must be my excuse. The most important stop at the moment 44 the restore atioo governataent credit by replwsinf the gold reserve in the treasury beyond question. This otuje accomplished,

confi

dence both at home and atoroad in the •taibility or our currency wUl, be restored. After my recent visit to Washington, I became convinced that Any le^isaitive action to improve the methods at the dlsfpoBal of the executive was unlikely, in 5 f»ot, imipoesible. 1 th^eJfos'e took |te®s ii Jo ascertain whether it would be possibly to* obtain tJhe oo-operation of parties at lioroe and abroad to an extent that would «nable me to negotiate a contract with the government for the Mde of 11,500.000 ounC«a oi gold, approximating $200,000,000. en «bout the basis of the coiitract of February 8. 1S95. In this effort I have been •uocessful, and am now in a position to make such a contract fdt the full amount. do not (hesitate to antrm, in faot to urg1*, that such a contraot **ould in every way be for the best interests of the government And the people. Aftd would be followed by less derangement of-(he money market, ot trade, in fact, dJ all ihterepta, taoludi^g foreign exchanges, Ail of -tfmch, nnti! reoently, were fo such an Increasing-

If prosperous condition. And 1 urge your Borioiui consideration such, a contraot. At tm same time I r«Jo*niie thi eff^6t of legwation which has been proposed, and the discussions thereupon in both houses of congreaa all or whioh. tnlght lead you to hesitate to make a private contract, anL oonseQtt«ml^ in view of tihe gravity of the situation. reel bound to Say that if, after a conference in which I can more fully lay the matter before you, and withotrt expressing any confidence tn euch mode of procedure in faot of previous failures of similar Attempts, but recornJstns. as I do, that the responsibility or decision Ilea witih you. I pledge to you every Influence and effort Ui my power to assist the government in its endeavor to make successful a negotiation by publto advertisement whiah shall result in the sale to the treasury of li,W\000 ounces Trvtt*rt P'k^' fro Id ™?n

tho negotiations

Vjj1 t'

i. jjl

AT1

further, will, so far as I possibly cai\ uiKe suoh liieus HA wiSl eiui,« u.* dynut»sent to tn mi' successful to its

cate which I reoresent to oiii In making tho negotiations successful to its full amount.

Awaiting the indlcsitkms of your pleasure, I remain, respectively yours, J. Plerpont |f organ,

CAUSED MUCH SURPRISE,

VuhlogtoA All Agog Over the Dissolution Of Bond Syndicate.

'Wassihtng'tan, Jatt US.—Th* eai'nounceanent tMatt the band Byiutttaafte had been d4soolv«d was received (h«re with some surprise, B^tbougib nmcoe: ofBoia^a ceia-

Jite*M

versamit with itihe dbanged situatton. «o otiher course haa seemed »pett to ICr. Morgan and this assbciaitefe.

The reason given for ittwe dhwolutioa is aJocepted as iibe true ooie, since Sir. Morgan aimf his tfrtends are fully aware at fbhe fadt /that the success of tihe loaii by poptxiar subocription la ifto logger a matter of dmJbt. To bold the syndicate 'banks to the 'terms of Mr.. Morgan's contract, It Is angttfed,' wouM prevent aipr 'tiberm tffoW iparfloipfifctin^ In tHe •lo$n exc®lt iA the 6apa»o^ty of a syndic q&e, whmlt under'the Obian%ed oondddoi^s alm)ost certainiy iwoiild result i* their disadvantage. Mf'."Morgan's purpoises, therefore, in releasing his'associates, ft is (believed, is to give them an equal chance with other (banks and finanbial liTHs-tltuitions Ito secure Wihatever pa/nt of itlhe loam tSiey may desire. The only crlticdsmj so iar fceard otf Mr. Morgan's (publflc dbaiement Is that his assertion tniaJt he was "invited to Washington for a conference" 4s misleading, as the naltural inference Is that tihis invitation came ilrom tlhe president, or fby his sanction from fijfti'e member of fhe cabinet. Tttvis, it iis said, Urn not Uhe fe at. W*he»n Mr. Morgam. oatne to Washington, the .president declined to eee him, nor, it is added, Jid ihfe conifer With any memfb'er at I the cabinet at the pre»i-

deitC'te

^afed^on" high authority that

the president and Secretary Cart isle have received such assurances from a large number of prominent bankers •throughout the country that there Cannot be a doubt as to the loan being a success. It la argued that during the late break in the market which followed the announcement of the government's attitude On the Venezuelan question, Eastern- bankers took.advanb1 age Of the sharp decline in Arrieritoan securities and as a result theiir holdings are now large, and niuSt be protected from a further decline, which would necessaTiOy follow the failure of 'the loan or the depletion of the reserve to a point unfavorably to effect t'h emariket. Under these circuihsfiances it is believed that should a- large export movement set iifti befpre the loan is consummated, the large banks and other finianiial .institutions would neutralize the effect by making deposits of gold. In any event the Official's here are not aipprehensive of any serious difficulty In miaiintlntog .the reserve at about its present figure, or in placing the $100,000,000 loan at a fair price, both to the government and to I'he purchaser. The only serious question involved in the situation, It is said, is from what source are the toond purchasers to obtain theiir go-Id, and if from the banks, as seems altogether probable, as to a very large percentage of it, will not the tranikis eventually recoup the'.r reserve holdings by withdrawals from the treasury?

7 DELEGATES FOR ST. LOU IS.

those Selected By the Philadelphia Republicans Yesterday. ,, Philadelphia), Uari. .15.—Conventions JW&re held iby toie .Republicans in .tihe five

lx*ri(gres^otfwLl

districts' in ^is city to

day, at eatcfh of whliteh two delegates anld. two attiernates to tlhe nation all convention! at iLoui's uvefre chosen, as fol-. lo-ws:, t'lrat dSstiriid^ delegates. Israel W. iDurharh, Edwin S. Stuart alter-' naltes, Congiresaman H. H. Blnghutm and Penrose A. McClalmw Second district! delegates, [David H. Lane and H-amlflton iDiston*. Tlhrd- district delegates, J. IB. Anderson and jQsaph Klemmer. Fourth disitirlot delegates, Alexander Crow, Jr., and Edward W. Pa turn Filftlh district delegates, Javid Martin and (H. B. 'Hackett. 0.f the ten delegates mentioned above.four are chosen on antl-admdnistrat'lon or Quay tickets, 'tlhe other sirf are an-.-nouncedi as "combine" delegates. Ih t)he Thidd 'ddsbritot the Quay "followers, Ibo'lted the oonvenition and held a mee*tirntg, eleoting State 'Senator E.Hwood Becker and) Henry Clay as delegates. The (bolters clataif to have, a majority of itihe regnilarly-eilected delegates to the •oonvenition with fhiem, todiiudling the regular dhaWman1. The case will probaWiy (have to ibe settled in court. In the First and Fifth1 districts a resolution wtaa tinanlmousdy adopted instructing the delegates to vote for Thomas B. Reed for "president. "Mr. Martin, who -is a deflegatie to 'the national convention, ga'id t-Oday, tin answer to a ques't.lon: *M aim for Reed, with' MoKinley .for second Sioloe." In the (Fourth congressional convenlfclon, the delegates were instructed to tete (for Sena-tor Quay ifor the pres{"dener*

MONROE ON A BUTTON.

SMTialn That Have Been Sent to Yeneraela For dale. New Tork, Jaw. 16.—By the steamer Venezuela, tvihicfh' failed from this port yesterday for LA Guayra^ there was a consignment to Venezuela of several thousand buttons similar to the ordin'ary campaign badges, with a small satin American flag attached. On the top of the button 4s a picture of ex-Previ-dent Mumroe and the words: "America for Americans One country, one flag, one God." The (buttons were sent by

N. "Bolet, ex-secretary of the Venezuelan legatd'oni at TVashington, who, in speaking of the matter, said: "By the last mall ifrom Venezuela I received a letter /from a friend in Caracas, saving that the people there were simply wild with enthusiasm, and would "buy anything whifcfo contained a suggestion of American- Bentimient. He requested me ito send hitrt something to sail, and declared that he could dispose of 1,000,000 rfciotures of Cleveland and Monroe. I decided upon tile Monroe buttons as the most appropriate and convenient souvenirs and sent the batch today for a starter. I have ordered 50,000 more to ^Mp 'by the next steamer. They will sell for 25 cenia apiece."

PASSENGERS ROBBED.

Masked Men, However, Fall to Loot the Safe. IPaMsOHty, tNefb., jail. 15.—Masked robbers enitereid the local Missouri Pacftftc depot (this trntxroinig, and, wilth drawn revolvers, fcieftd four passengers .and -the ajgent. fTthe valuables of all were itiakerv. The agent was ordered to open tihe safe, but tosft^ad he Jumiped through the -window and escaped, notwithstanding t-hat he was fired at repeatedly. A posse has IfaUed to oaipiture itihe bislv* wayanen*

Tide Has Turned In the Iron Market. Chicago, Jarv. 15.—The Industrial World-tomorrow will sayi The tide has turned 4n th* iron market. There Is a better inquiry for crude and finished material. In black and galvanized sheets tt to notably active and some large Contracts have been closed by mills here at atoout 2.30 cents basis "number 27, but so far no "tnataoactlons of importance ata noted for pig 'iron. Up-, vtards otf 10,000 tons of structural iron' and steel are'th sight, a» well as some 2,500 toils merehlaavts' steel, besides that wMoh hat already been placed, and the fiinner feelttig and advamoes in the ^Sttaft)urg market have done much to restore confidence hem

Damage Case Adjourned'.

Owing1 lo the faot th"at 'Attorney J. 5. McNutt, dn« of the attorneys Jn "the damage evAt /t TUllle Albrfeoht against the city, was called to Indianapolis, a recess of the trtal was taken until today. The evidence hi behalf of the plaintiff is ahou completed and the city will -be given a- chance to present fts side otf the case today. If there are no serious hitches in tlhe .proceedings ft is expected the case will (be given to the Jury by Saturday noon.

Alleged Kleotlon Judge Poisoners Kansas City, (Mo., Tan. 15.—Oh&rles £. Millmaiiv ex-state representative and a well known local poUtfotam, was placed on trflal here tod&y on. a charge of administering poison in whisky to Election Judge Firman D. JFenton £n the

Fourth .preotoot voting place at fche fall -i-. I _w-UU.ll tiltf .lalJxl effort* esd ,vot« *h»l Mrmnt** An

FORAKER IS CHOSEN.

THB OHIO X.BOISI.ATUBB SLtOIB Bit TO SDCCKBD SENATOBBBICK.

He Makes a Binglng Speech of Acceptance, Declaring Strongly Fpr •%, .? j. j. metallem* it'i.??-*

Coliwrtbus, 0.» Jani- two houses of the legislature today hi Joint eesk6n comftrmed thesir respective acts of yesterday to ejecting

J.'

B. Foraker

United States senaltor, h-ls term to begin Mardh 4,18^7. The seniator^eJeot, to waftiing at Governor BoistoneM's office, being escorted to the hail of the house, was received with great applause, and addressed (the general assembly briefly.

Everything waa qniet in the hall when ex-Governor Foraker rose to apeak. After 'thanking the members df the legisliatuye for the high honor tthey had seen fit to conifer on him and assuming them that he ^houM do all that lay In his power to discharge the duties of the position, he 6a»d: "It is a great honor (to (be (chosen under any Itoind of legitimate circumstances to represent such a 'great state as Oh5o n- fhe senate of -the United StaJtes. I trust II may say 'without Im'propfiety, that honor in my judgtment- is enhanced, by the ciroumistamces attending this selection^ To be firS) nnammoiisly indorsed Iby the representatives'of my par-ty in state conveintcdon assembled and then to Wave'that' in'dorsement approved, by a majority of 1/00,000 ait the polls and now to have "that .Jndorseimen't arid/that apfproval accepted, ratified'' and "confirmed (by .the unanimous vote of the largest representation in the general xssem'bly of any poiitiical party ever •known in the history of OUT state jis to make this a® nearly the direct .worlcof the (people as it is ipossCble -under our constitution -to make it. (Applause.) From the inception of this contest down to the closing scene, I have enjoyed at yoiir faaiid.s'orily the most distinguished cburteisy ahd have "been .made by you ttie( recipient of unvarying marks of pl^s-onal 'regard and personal e'ateem. Itimakes i-t easy for me in going to the senate to rem«mher t'hat am -thereto represent the state, the whole state and all of the people in'the etate. "I go there, however, as a Republican Odheens). I ibelong to that party. I Relieve in that party

(great

and.

applause.) I

believe in its ipast. I Ibelieve -in its present. I (believe in its future. I believe it is the moflfc acceptable agency we can command (in the administration of our national affairs. I believe it is [better calculated than any Other political organization to conitri'Jjcirte lt-6 the^strength power, dignity. ihappines3 and glory of the American people. (Great applause.) Entertaining that 'belief, I.shall at all times -be "fou-nd acting with that party. I shall uphold d-ts:organization and i-ts discipline, iwi'thout which no political party'can accomplish i-ts mission. I khia-1'1 he found advocaifcing and supporting its .measures, its ipol'toles. its doctrines

its purposes. To "be more

speolrtc, I believe in the protection,of American industries and American labor.

(Great

•applause.) I "believe that

the revenues of this government should be ample to meet, all of 5ts necessary expendlitures when patriotlcaUy administered. I ibelieve in the. restoration ftna development of the policy or reciprocity so happily inaugurated under the Harrison admlnlstraJtion and bo Ittoonsideratelv des-troyed by t'hils. "I believe also that the tlxa© has come in the development of the American people andiln the progress of our nation when our commercl'al relations Should be .exltended. 1 believe marine should be

up-bullded

to the end

that American goods may toe carried in American bottoms under the American flag in all the channels of trade. And I helieve that tints government should possess a navy adequate to the protection of our interests and to command respect for our flag to all of the waters Of the world.

aragua canal.

believe, also, In the Nic

believe it

great duties .of the people to build that canal and to build tit at once (Applause). And I not ibelieve they should build it bult that they should control it. "I "believe in ibi-met-ajllsm (Applause). I believe the world m'ade a mistake when it demonetized silver. I sincerely hope some safe way may be found for the restoration- of silVer to "its rightful place along s-ide of gold as a money of ultimate redemption. Every dollar of money issued by the United States government, whether gold, silver or paper, must he of exactly equal value with every other dollar. The United States cannot afford to have a currency system or a money standard less good or less Wgh than the he3t In *11 the world. "These suggestion only inadequately indicate the heroic questions that are before us for settlement. If they be rightly solved, there Is ahead of us in the immediate futur.e a greater prosperity than the American people have ever enjoyed."

Governor M'cKlnley followed with one df his most eloquent addresses, rehearsing Foraker's history, and saying no man In the history of the state had ever achelyed such a position In the hearts of tihe people df Ohio. Governor Bushnell also spoke. Mr. Foraker spoke over twenty miriuies, and almost every sentence was followed (by great applause.

BOOMING ALLISON.

Iowa Congressional Delegation Organises to Pnsh His Candidacy. Washington, Jan. 15.—If any doutit has existed of the avowed candidacy of Senator Allison (for the Republican nomination for president It was dispelled today -by the action of the Iowa congressional delegation. With the sanction of Senator Allison himself tlhe delegation held a conference attended by every member In the city and discussed plans for advancing the senators presidential interests. A committee of three, General P. B. Henderson,, chapman, Senator Goar and Representative Hepburn, was selected to represent the Allison interests to .Washington. Mr. Hepburn speaking of the movement said: "Thfe delegation is entirely and absolutely unanimous in 4ts support of Senator Allison and so Is Ms state."

The state Republican committee of IoWa is actively interested in the AlHson movement and this congressional committee wtill co-operate with the other body. The senator's friends believe that his strength can be demohstralted to the Country toy an active and organized movement in his interest.

The Republican joint legislative caucus met -this Afternoon and at once nominated the Hon. W| B. -Allison for United

States

senator from Iowa*. Each

speaker referred to Mr. Allison's fine reoord and paid special attention to the fadt that he is a very available candidate for the presidency. Every allusion to Mr. Allison for -president was greeted with great applause by the members and visitors crowding the starts house lobby and galleries. Senator Allison's reception by the caucus was to the nature of an ovaJtton.. Every member of -the oaucus rose In his place and the -hall resounded with cheers long drawn out.

When quiet waa finally restored Senator AWifcon said Sn part: "I have no words to express my appreciation for the distinguished honor conferred upon me. It is a still WJgher honor to have been selected for this exalted place so many times as I have been. It ts a great -honor to toe a member of the United StAtes senate, which is the conservator of the Interests of this country. It Is the balance wheel of the government no* the controlling power, but that part of the legislature to act as conservator. I shall endeavor as -best I may -to serve faithfully and diligently this state and 3-ts people. I, shall re* member that I am not only senator for the state of Iowa, but also for the entire Union of states. You may be assured that to the best of my abdMty my

jMi

TERRS HAUTE EXPRE88J FRIDAY UPKNIWO, JANUARY 17, 1S*«

fhajMMt tateretfts of aH

the peoptS of tSe cotthtry. Uadfer torn bf.£ovwn|enttlie pfpty 4n poifer must tecemarBy we held respOnstble for the iihoidln« of the national dlrnfty and]4onor. To the best of roy abiWty I 'pAll endeavor to sustain thait honor anfl dignity." .'

At the eooeluskm of Wis talk the nanbers crowded forward to congra^^e ^regular recep^oiw

I Stil^Baliotdag la Mlsslsslprpt.' "5 {HuiktMfli Mli»., fflan. 15.—Tlhe JoWt caudua itfei sgftin tonlight and' toolc three «no|e ktollotB (for United J^taitesJ senator. !Rh* ]«st (ninth) ooe resiilted as #ollo»wi{ it

Money, Uawry, 41j Alien, 87 Hooker, 7 Mdjaurin, 4 (Dlnsmore, 1. Total, 169. (Neoessary to a choice, 85. The ca/uctls .then adjouirned twiitel.., tomorrow nigibit. _______

Yesterday's Ballot In Maryland. Annapolis, Md., Jan. 15.—The first joint ballot for- senator resulted as .follows: Republicans, George L. Wellington, 28 Charles T. Wescott, 16 Phillip L. Goldsboro, 17 James L. MUlliken, 8 Sidney E. Mudd, 1 Robert B. Dixon, 1 Democrats, ..Johns Walter Smith, 121 Henry Plage, 9.

Nonolnated Fot Senator. -j

bes

Mbtfhes, la., Jan. 15.—The

Demo

cratic legislative joint caucus today nominated W. I. Babb as .the Democratic candidate for United States senator to succeed Allison. .-tpr.p -J+&-

BIG THINGS IN EUROPE.

Korman'i Forecast of a British and Russian Alliance In Asia. Henry Nortpan, the commissioaier of the Londoflr Chrondole, saiid to a -N*ew York Tribune ilnterviewer: "England and the United (States are naturarallies. A message that would have set men /to mardhlng and sien!t fleeits to sea, -had ift come from any other power, only led to a closer scrutiny of tlhe subject on the part of the English, people, and now that they find that they are wrong, at least 3"n part, they are going to act reasonably... Now note the contrast. Emperor william sends a message to the president of a South African state openly, flagrantly, "brutally Ignoring the suzerainty wfefiah' England exercises over that rou-'rixry.. What is the result The "kingdom'aflame from end to end. Salisbury* notedly a man of peace, -may bd hauled -off jhlS ifeet 'by this popular demonstratkrnif William has stirred up the British.- That could not be done iby t'he United-St&fees. "I do nofi^k-nbw what will be the outcome in Europe. I-would not like tG say that a' wS# is inevitaible. That if a 'broad asSe^fion, and so many things are -tor be-'ta®2n into aiccount. Thf papers have' tcfemed -with accounts of an alli8.nc'e bfe^freen Germany and Russia against, England. That is the veriest driveli^^-here can be no such alliliance. Empejcor William, w'ho has the best sources of information, has -long seen that a pooli-ng of interests between Russia.and England was. ineyltaJbl'e. You- see that coming out now. The papers say that Riussia has veered arottnd, and, instead of supporting Germany in 'this light, is "back of England. That is where She has "been all this time, and where she will -be. The pooling of interests (between- Russia and England would leave William high and' dry and helpless. If England and Russia decided to form an offensive and defensive combination, the rest of Europe would have to sit down and let them do as they pleased'. Such a combination is what Will work oult of this talk.

The Kaiser Foresaw It.

"Now,-^flJ^eror William is a ibright man and ar shrewd potentate in the game of politics. *He has seen this coming, and he is trying to stave it off.. He, In all probability, started this scare to keep England! from growing In a closer relation wltih Russia, and tried to provoke a war that he might draw Russia in with him. It was a shrewd trick, "but can. it wortc? Russia intends to make some, move about a seaport one of these days. That fact is patent. Do you think that one would build, as she •is now building, a railroad, -vVhidh when completed, will be the greatest in the world, and- whidi is costing a thousand millions of mbles, to end in a seaport that is 'frozen over five months in' the year? It is not plausible. She -intends to move, but Wjhere? That remain# ito be seen. "Ohlma is going to play the part of putty. She is gplng to go wherever she is pushed qx: puiled. Japan, of course, Is -now a great ppw'er, and is to he considered as eucite tin the moves on the chessboard. The rapproachment between Rus-silfi and England which is now hinted at, may rSsult in England allowing Russia totdke a part of Manchuria. That is a rich province and one to "be desired by any'nation. Russia may get the upper half f«f that country. That is now onlyT ^(f&blematical. There -is surely something going on in Europe now. and whether It is war or not is hard to say/ n" "I will say this, -that I judge the situation is looked upon dn London as grave. I expected to have a fortnight holiday in this country, but I have been ordered back and I sail on Wednesday. The year promises to be a fruitful one in a diplomatic way. The troulble between the United States and England will be settled, I think, and fn the long run will lead to a 'better understanding and a closer friendship than ever. If there is any hatred, It is on the part of the Americans for the British. Perhaps that is accountable for by the fact that In our public schools and Institutions of -learning in this country—I say ours, because I was educate# Herea-tthe pupils are taughtnto regard .England, -as. our hereditary enemy, and the war of the revolution and the war of 1812 are thought to -be among the greatest events in the world's history. That will all pass away, and, no matter what may be worked out in Europe, I feel that the -friendship between England and the United States is on- too solid a foundation to be overturned, and they will always be the warmest allies and the beat of friends."

INVESTIGATION COMPLETE^

Coroner Will Probably Exonerate the Street Car Company Prom Blame. With the exception of the Statement of George Fisher, Coroner Payne has completed the investigation! of the street oar accident on East Main street last Sunday night, in which George Neumeyer -lost his life. The evidence shows that tbe accident did not result from any carelessness on the part of •the street car er^pioyes and the verdict unless evidence/to -the contrary is brought before the coroner, will exonerate the street car company As the facts have come1, to the coroner. It appears "that Nfcumeyer's death resulted from his own Carelessness. ~1 IP

Manufacturers tjt Sashes and Doors.l OShkoSh, Wis* .-Jan. 15.—A/bout fifty members of t^e^a/tional Association of Sash and Doer Manufatoiurers and the Wholesale SsiSh, Door & Blind Association of (the Nprthwest met here today. The object of the meeting is lo discuss "Che business outlook and agree upon a new price list. The trade out'look fs considered very favorable and it is argued higher eoale of prices oou-ld be charged with advantage to alL The question of over production Is also being discussed and & curtailment of the output is strongly advocated.

Will Discontinue Cartage Allowance* At yesterday's meeting of iflhte board of managers of the Joint Traffic Association In New York final action was taken upon the question otf cartages at various points in the territory of .the Joint Traffic Association. As a result all allowances otf this nature will be substantially diacomitiniued after February 1st. _..

MB. KOBMAFS .VIEWS

THB FBESBNT STATUS OF THB TKKSZI7BLAM DISPtrrX.

Kagtaiid Has a Poorer Case Than She f^g^Ewo^a^FoUt'ba^.

New

York, Jan.jl5.r-tThe Tlm^s says

Hehry Norman, 'tne assistant editor 6t -ttoe London bafiy'Ciirtlnicie, fefcewt yeatfMay -tothis city And -dallied for home today*' HU| recent werk in Washington as special correspondent for Ms paper on -the Venezuelan boundary question has given widespread prominence to htia name. He was the first and last of the correspondents of English papers to -this country who took the trouble to explore 'the archives of the state department ait Washington in order to see for himself what claims had been put forward by fin gland and Venezuela, respectively, during the last' fifty years in regard to -the trjtie boundaries of

Guiana^ One otf the earliest results of hjis labors was to show how Aberdeen, the English foreign secretary fn the early forties, had-disUmUly repudiated the Mne drawn -by Sir Robert Schornburgk. In Lord Aberdeen's phrase, this line was not mtant as a permarrient boundary, but as a tentative, fine to serve as a basis for future negotia--tions.

Mr. Norman ds a thin, wiry man, about 5 feet 10 .inches to height. .His face has a hardy paleness, his no«e is strong, his eyes are clear, a good gr'ay color ahd look you straight In the face. He wears a pointed Vandyke beard and talks fluently and rapidly. He walked nervously, though -not impatiently, across the floor of Ms parlor at the Waldorf, as he explained his mission to this country and gave his views upon fhe present European situation- to a ?roup of reporters who had called upon htm. "Two weeks ago," he began, "the Daily Chronicle was alone among English papers in declaring the Schomburgk line to be absolutely without validity. The dispatches sent from Washington were the flrst knowledge which Englishmen in'general had that 'the Schomburgk line had been repudiated as a definite boundary by a former secretary of foreign affairs. Everybody has snow 'accepted this view, which is a swa gain dn the interests otf peace. The Schomburgk Jtoe -not having any apeciaQ sanction, is no longer a line to fight for. In- other words, Mike most other questions of boundary disputes where the title Is not very clear, the respective territories of Great Britain and Venezuela are peculiarly within che class of cases which can be properly settled by arbitration. "The I/ondon Times having come around to this view, as I see by' this morniln'g's dispatches, simply means that the English government has ac-s cepted this side of the case. You canrooit make it too Clear that the Times Is n^arty always .inspired by the British foreign office. It has a peculiar and neat character 1n that everything about, foreign affairs printed in it is read every day in every foreign office In Europe. While, other London- papers a^e, in a sense, its rivals, we are ail rather proud of its position in this respect. So that df 'the Times puts forward the view that there Is nothing sacred about the Schomburgk line, if means that the British government has abandoned -!ts former position as untenable."

Effect of Cleveland's Message. iMr. Norman was asked what the effect of the president's message to congress was in England. •, y~4 "I was Inr England at the time," he replied, "and it was certainly startling. The language of diplomacy is a peculiar tongue. When you want to declare war you use a peculiar phrase. The diplomatists of Europe read1 into Mr. Cleveland's message more than I be! leve it meant to convey. If one European power had used such language to another the -next day an order would have been issued for the mobilization of the troops. "Of course, we all know that Mr. Cleveland's message 'jneant nothing of this kind. I do not believe that it was fn any sense of the form an electioneering move. At the same time, while American politifcs are what they are, any decided action on the part of the president roust tend to strengthen or weaken the party in power. "My candid opinion is that the English government has since discovered that ilt has a poorer case than it thought it had. At *he same time, the British side of the case is known only to its foreign office, and I have no means of information about it different from any reader of the newspapers.

While the immediate effect of Mr. Cleveland's message and Mr. Olney's dispatch may have been ta cause some little bitterness between England and the United States, I am convinced that a year hence the trA-nsaotions will have the happiest.outcome. It will teach English people«that there is a public opinion in America entirely apart and distinct from that telegraphed to our papers from New York City. Opinion of this city is -too mych swayed by commercial considerations. Perhaps this •has deluded Englishmen "into thinking that Americans were altogether devoted to the pursuft of the almdghty dollar. You may rest assured that Englishmen will never in. future labor under this error. They will have -proper respect for the sentiment Of the United States, as a wh61e, on all questions affecting "the territorial integrity of ithe Western hemisphere. "One thing shown by the recent International episode is that you can not get up a war feeling in England against fhe United States. Hatred of the United States simply does not exist in England. I am sorry to say -that the converse of this statement Is mo't -true. There Is a feeling of'great hostility fcere in scmie quarters, especially in the younger generations Perhaps a good deal of it is due to the sdhbol histories where the two wars with (England are a part of the nation's glory. It is a very grave pity that the younger generations of the same race, and with the same speech should be brought up with any feeling of antagonism to England.'*

Enropean Politics. _.

Turning to -the discussion: of European politics, In several phases of which Mr. Norman is acknowledged -to be one of the best living authorities, he said: "The German emperor'® message to President Kruger of the Transvaal, was an open and flagrant defiance of England's rights as suzerain. It set the whiole country aflame, without distinction of party. "\1 do not believe any off the Stories WhUch appear about an alliance between Germany and Russia. The hatred whldh exists today (between the Germans and' the /Russians 4s greater than -that which/ exists between any two peoples In Europe. It 4s even greater than that which exists between France and Germany. "The real secret of the German emperor's outburst, 4n the opinion of many shirewd onlookers dn Europe, is his constant fear lest (England! and! R-ussia should come to a mutual -understanding Leaving aside, (for the moment, the question df territorial distribution to •tihe southwest orf Eunype, where every land power In Europe tfs interested more (than (England to preventing Russia's advance upon Constamltinople, tire English government might easily give Russia a free (h&rid Ito the oBao* Bast, so as to give her an floe-free "port for her great trans-Siberlam railway. "This wouMl mean- that Russia would afbsoiib Manchuria from Ohtoa and have Port Arthur, or Port Lazareff, in -Korea, as the eastern, terminus df her riaiilway. At «p"resent she has Ito go around to Viadilvostock, which is foe bound between ifour and five months in (the year. "Mtandhuria to one of the rtehest natural territories Sm the wortd. The Chinese empire to aim-ply iputty to "be (broken off da nlecea. The emnlrea of En

gland and \Kussaa touchtog at so many pplbts could easily tagrei» to guarante-. each other territory. Then every Othe: European power would have nothing to do but to gulp down the fact with t'h beat grace it could. "It is simply impossible for Russia tc aJttavk India under the (present clrcumstarine*. HwdSffioultJea 4n transporting anil feeding a force forge enough -tc mafce.'aniy kn-parjeSslon on IndiA's lrne of forn:flera. poati fure greater than' thos* w*fyo'. bijvft t)r ^tu^ied1 ibe subject can poM^JJ' InrttiififlW. 1 KriWihj^ that «h

-matters. "As regards an «.?lla-r.ee between France and Geraus.ty la a ww against England, the t'wo words—Aisace-Lo-.raine—are sufficient to overthrow any government o£ Fiance which would undertake a war. -Either Germany would have to -promise to pay these provinces as the ipiwe- of a Frendh alliance, or England wouM only have to offer France an alliance with Alsace-Loralne as her reward. But the people of Germany would never permit the oession of Al-sace-Lora.-lne without a war. so that an alliance ^•erweeh. [France and Germany is ouit of the question. "If war shoofid be declared -between Germany anld (England tomorrow, before forty-eight hours, all of Germany's Jron-cUads wouild flte blockaded in their home poTts *by an overwhelming English fleet. Within one month every Gerrham colony Sn Africa would be occupied toy troops from India, -without sending an ©nglish soldier from Europe. "War tinder present conditions would toe so suiioidad for Germany (that I am convinced that the German emtperor •must back down. Yet I think that the emperor's defiance was something that had been previously pi-epared. and which waa not done on t'he spur of the .moment. The memoirs otf Benedetti and Gen'erai Le Bru-n, which have recently been published, prove "beyond a doubt that the iwar olf 1870 was arranged "by Germany long beforehand. In fact, the very month In- which hostilities should break out was carefully planned."

Speaking of the Armenian' question, Mr. Norman saDd 'that It was a disgrace to 'the civilized powers of Europe, what should be 9one was a'joint demonstration of all the powers glvln'g the present miserable sultan twenty-:four hour® to abdicate. Then another sultan should he placed on the throne who would .promi?se to restore the MldihaJt consti!t-u-tion otf 1876.

DOGS DRESSED IN WHITE SILK.

Handkerchiefs, Shoes and Underwear For the Pets. In Parte the most fashionable of the "dog "tailors" has a store ity fche PailatsRoyal, where he keeps an Immense stock of apparel for dogg edly.. There are on his shelves overhalt'snfcfr summer and w4niter, railn coats and, dusters, traveling coats, fur coats, suits for "at homes" and full dressf ooats of recent, make are siippllrd with pockets to admit handkerchiefs and railroad tickets, for such must be purchased in France, if the dog -is taken along to the oir. The great novelty of -this seasCh i!s underwear and linen for dogs. Shirts are made of (batiste for healthy dogs and of surah silk or wool for dogs suffering from nervous diseases Or subject to colds these shirts are embroidered with the monogram of the dog and that of the owner. The handkerchief, which is not so much used for the nose as to Wipe the eys of the caniue, bears the name of the dog embroidered in one corner. After many unsuccessful attempts, itt has at last been possible to make shoes for dogs, which are made of soft rubber and fit the feet of the dog as a glove would a lady's hand. It appears tha-t the stores where the fashionable -necessaries for dogs are sold do an excellent business. These articles are naturally purchased- by wealthy people only, and they don't care how much they spend upon their pet3. One of these "taaieurs pour ohlen-s" stated that, for the wedding of the daughter of a foreign diplomat, special suits were made for the dogs, to imitate the livery of the respective ambassadors' servants a wealthy banker, whose daughter married recently, had dressed up the two pet dogs of the family In white silk, and during the civil ceremony these dogs were drawn up in line with the bridesmaids.

W. T. FENTON PROMOTED.

Elected Secoad-Vice President of a Chicago Bank. Chicago, Jan. 15.—The "Post says: William T. Fenton, who was eOe^ted today second vice president df the National Bank of the Republic, lis wfidely known •to (banking Circles for his.rare judgment In dliiscrlminatiing (between good and poor fln'anblal paper. He .began his banking career -tlyvemty-two years ago as confidential mian (for Fletcher & Shanpe's ibank, at I-nd&anaipolls, Ind., •then the largest financial house in Indiana. Since accepting that position he has passed upon ovar $150,000,000 of flnanidSa'l paper. \Hls Indianapolis connection oovered a period of ten yeasr, after which he became discount clerk in -the "Merchanfts* National Bantk of Chicago. He resigned .that poisiltion' to accept t'he cash^ps-hlp otf -the First National Bank ait Ottumwa, la, 'Where h-e remained five years. He then associated himself with several capitalists in tihe oniganisation of the -Natiional Bank Of the IRepubl'flc, of which he became cashier.

In 1871 Mr. (Fenitom was .married to Miss Mary Inskeep. Of iMadlson. Ind. They have a son and daughter and reside at Hyde Park. In personal tastes iM.r. Fenfton. has a strong Inclination to art, is 'a Judge of good pictures and ftnds Wis chief recreation in sketching {front naiture. Alt-hough h'fa entire schooling was limited -to less than three yeans -to a country district school, his devotion to 'literature of the best class has gliven h'lm a 'breadltJh of "culture unusual to t/hose who have ibeen oompelled •to forego scholastic tt-ralndnig and devote their entire "lives to iflnanotal Pursuits. (He is a. dlreotor df the -Hyde Park Olub.

HOW TO BUY BONDS.

Secretary Carlisle Issnes Instructions Regarding Payments In installments. Washington, Jan. 15.—Secretary Carlisle tonight made public the following circular modifying the conditions for payment on the advertised bond issue: Treasury Department, Office of the Secretary.

Washington, D. C.* Jan. 15, 18%.

Treasury circular (No. 8.196) dated Jan1896 inviting proposals for the-purchase one hundred million dollars ($100,000,000)

6, 1896, Of of by the accrued cular. ps nd

United States 4 ier cent bonds, is hereso modified that, after the payment of first inatallitfRnt of 20 per cent with interest, as reauired in said clrthe remainder of amounts bid may .aid In installments of 10 per cent ea^h accrued Interest, at the end of fifdays thereafter: but all accepted bidmay pay the whole amount of their at the time of the first installment I all accepted bidders who have paid

•an teen ders bids and all pay time last pay first after, to wl ,and ment dates bond!

Evaagellst Moody's Brother Dead. Kansas CSty, Mo., Jlan. 15.—W. Moody, (brother otf Dwigiht L. Moody, the evangelist, is dead at AH Saint's (Hospital to this city, the result of Injuries received in a railroad accident here recently. He was a prominent stock man and lived *t Gardner, Kan.

COLONEL NO I0NGEE

JOH2V IT* EBEL XS OUT OF THB NATIONAL GUABD.

kloIs

Succeeded By Major George H. Fen"nlnjMoof Hew Albany—Several omcei«\Are Affected. ..f-r r-

Colonel J. W. Ebel, who for the pas four years has commanded the First Regiment of the Indiana National^ Guard, is once more a private citiaen^ His commission as colonel expired onjl !he 15th of December and he will not'' re-enter the servtce, at least not regimental commander.

Now that Colonel Kbt-1 has left ihe regiment, his adjutant, F. W. Parks, the regimehtal surgeon. Dr. T. C. Stunkard of this city, and Quartermaster E. Bierhaus of Vincennes are also out of jobs. Will Bradbury, quartermaster sergeant, is also out. It is likely, however, all of these mer. will be reappointed by the new commander and reoommissloned by the governor, as all have been in the business for several years. By reason of the appointment of Major Pennington to the highest office in the regiment, LUuten.vnt Colonel G. W. McCoy of Vincennos will likely resign. McCoy was next in line of pro-? mot-ion to Colonel Ebel and the announcement that Major Pennington has been "jump?d" over him will cause a sensation in military circles throughout the entire slate.

However, the new coloned is flrst class military man, a veteran of the war and a man who stands hSgh with his superior officers and who has the respect of every subordinate member of 'the National Guard. During the campaiign .in Sullivan county in 1894 he was at the head of his battalion and it was during this period of duty that nia worth as an officer and cool headed soldier, was impressed upon the mtod of Brigadier General McKee, in whose hands rests the appointing of all officers of the Guard.

Colonel Ebel has (been actively engaged in the military business since March 20, 1889, when he organized and •was made captain of Company B. The company was the "best In the state and so admirably did he handle it that at the Soubh Bend camp of Instruction toe •was the choice of eyery captain to the regiment for the position of lieutenant colonel under W. D. Ewing of Evansville. When Colonel Ewing removed to the East in 1891 Mr. Elbei was at once commissioned colonel and has served with distinction -In -that capacity for -four years. It is believed by Mr. Ebel's military friends to this city that this retirement from, the colonelcy does not imply that be has done with the military (business. They think he will again be at the head xf a company where there is more glory, the same pay and .not half as much worry.

His retirement means much to the First regiment, as Mr. Ebel was the rank-tog colonel and in consequence held the right of tihe line in the make up df the 'brigade. The commissioning of Major Pennington colonel means that the regiment occupies a place In the center of the "brigade and that the Second regiment, Colonel Ross' command, takes the right. Colonel Ross -is a brilliant officer and is a worthy successor to "Colonel Ebel.

Xn case Lieutenant Colonel McCoy of Vlncenn.es resigns his commission there will toe two majors to ajppol-nt, as Major McAul-iffe of Brazil will likely become lieutenant colonel. This beiJig the case it is -not improbable that Captain G. W. Biegler of this city will be given a pair of the "gold leaves." Mr. Biegler is net the ranking captain, tout as the rule of advancement has not been adhered to hi the matter of the colonelcy it will likely be waived in the selection of a major. It is possible, however, as there are two vacancies there may be on examination called and the positions competed for -by all off the commissioned officers of the regiment.

American Parity Alliance Meeting. New York, Jan. 15.—Today's sesstoa of the American Purity Alliance waa taken up with the reading of papers on subjects calculated to have a good influence to moral and social l£fe. It waa expected that Mrs. Julia Ward Howe would read a paper on "Moral Equity Between the Sexes."' Mrs. Howe was, however, detained in Boston and her paper was read by the secretary. "The rigid rule of our puritan ancestors had, no doubt, some part in calling forth the reaction against ethical stringency which lias been a fea'ture to a part of our nineteenth century," the paper said. "The puritans were, indeed, hard upon individual sinners and much of their theology has pnssed even beyond controversy. But they did not exaggerate the danger which comes to the state with the admission of loose morals. We must cultivate to our young people sense at once of the strictness of moral obligation and of the largeness of personal relation."

Ball-Rearing Caster.

Great difficulty is experienced wlftf •the socket oasters or rollers now In common use on bedposts and other furniture. They easily get out of order, the wheels get clogged up by dust and dirt, and these rollers are injurious to carpets. A German mechanic has had the excellent idea of applying the ball bearing principle to furnfture rollers. It 1B easily applied and it is very little trouble to take out the ball and olean it. occasionally giving A drop of oil to the small steel balls sustaining most of the friction. Since .the fixture is df 'brass it -is quite ornamental and looks much better than the present caster. Another shortcoming df the present roller is avoided, thlat Is. the hollowing put and frequent splJtting up of chaJr or table legs. The lower half of the ball cap 'Is placed upon the upper one with a screw thread. Tlhe friction is much less than that of the socket oasters, and even very heavy furniture can be .moved about With ease if supplied with tyhe new ball-toea-rlng rollers.

Gftneral Booth Or.lfrwi to tondon. New York, Jan. 15.—General Booth the Salvation Army has ordered Commander Balllngton Booth to gfve command of the American army and: to London. Why be has so ordered a mystery. Commander Booth says has no idea why the recall is made, of where he will go or what he will

Installments previously maturing may the whole amount of their bids at any not later than the maturity of the

Installment. Accented bidders who the whole amount at the time of "the installment »r at any date thereer as above provided will be entitled 'receive at the date of the payment the whole amount of bonds awarded to them .and accepted bidders who pay by installments will be entitled to reoeive at the of such payment -tne amount or paid for.

up go Is he nor do.

Hte famflly will go with him, as will several members of his personal staff, including Brigadier Perry. They will sail about the middle of March. The order of recall was received by Commander Booth ten days ago, but he says It was short and formal and told him nothing beyond the main fact. It isbelieved that he will make a protest against leaving the organization tbartr he ha3 brought to such prosperity.

The Rev. F. C. Iglehart, N. Y., writes: corn on the toe is a thorn In the Whlrth Mendenhall's Corn Cure mercifully removes." 15 cents at.

"A flesh most druggists

J- G. Carlisle.

Secretary of the Treasury.

low as agents. trol o' supply fixed kn

6 cents a gallon to the selling ts The association. Which has conof practically t'he whole available of sweet wines tn California, hss the Price of port at 25 cewts a galangelica at 30 cents. and California wine

makers

havejuatfwmed

association to maintain the prtce of weet wines. Last year port was eel* as

1 "Jlj

not as a

The/retirement of Mr. Ebel from the 'sta'te service has naceasiiato-l the appointment of a new colonel and the an* nouncement was made Tuasday from the office of the adjutant general at In*' dianapolis that George W. Pennington of New Albany, the ranking major of the regiment, had been commissioned colonel. The appointment of Major Pennington to the colonelcy retires several officers boiling commissioners under Ebel. The new mili'ary law states that the commissioners of Jill regimental staff officers expire with that of the commanding officer.

•t.4'

silllisls!