rTEm——
cr
EE
BA SSO ra hrs
ine dni rem
Be a oo
S MESSAGE,
THE PRESIVENT
UNCONDITIONAL REPEAL
——
Of the Silver Purchase Clause Asked for
and Tariff Revision Afterward.
President Cleveland's
sented to both branches of Congress on
Tuesday. Itis as follows:
To the Congress of the United Slates:
The existence of an a arming and extra-
ordinary business situation, involving the
welfare and prosperity of all our people,
has constrained me to cul together in extra
session the people's representatives in Con-
gress, to the end that through a wise and
patriotic exercise of the legislative duty
with which they solely are charged, present
evils may be nnitigated and dangers threat-
ening the future may be averted.
Our unfortunate tinancial plight is not
the result of untoward events nor ot condi-
tious related to our natural resources, nor is
it traceable to any of the afflictions which
frequently check national growth and
prosperity. With plenteons crops, with
abundant promise of remunerative produc-
tion and maunutacture, with unusual invita-
tion to sale investmentand with satislactory
assurance to business enterprise, suddenly
financial distrust and fear have sprung up
on every side. Numerous moneyed iustitu-
tions have suspended because abundant
assets were not immediately available to
meet the demands ot frightened depositors.
Surviving corporations and individuas are
content to keep in hand the money tuey are
usually anxious to loan, and those engaged
in legitimate business are surprised to find
that the securities they oiler for loans,
though heretofore satisfactory, are no longer
accepted. Values supposed to ve fixed are
fast becoming conjectural and losses and
failures have mvaded every branch of
business. I believe these things are princi-
pally chargeable to congressionai legislation
touching the purchase and coinage cf silver
by the general government.
The legislation is embodied in a statute
passed on the 14th day o« Jaiy, 189), which
was the culmination of much agitation on
the subject involved, and which may be
considered a truce after a long strugg.e
between the advocates of free silver coinage
and those intending to be 1uore conservative.
Undoubtedly monthly purchases by the
Government of 4,500,000 cunces of silver en-
forced under that statute were regarded by
those interested in silver p:oduction as a
certain guaranty of its increase in price.
The result, however, has veen entirely dif-
ferent, for immediately following a spusmo-
dic and slight rise the price of suver began
to fall after the passage of the act and has
since reached the lowest pointever known.
This disappointing result nas led 10 renewed
and persistent effort in the airection of free
silver coinage.
Meanwhile not only are the evil effects of
the operation of the present law constantly
accuinulatiog, but tue result to which its
execution must inevitably lead is becoming
palpable to all who give least heed to iiuvau-
cial subjects.
This law provides tizat in payment for
the 4,500,000 ounces of silver bullion which
the Secretary of the Treasury is cominand-
ed to purchase monthly, there shall be 1s-
sued Treasury notes reuveeinable on demand
in gold or silver coin, at the discretion of
the Secretary of the Lreasury, and that said
notes may not be reissued, itis, however,
deciared in the act to be ‘‘the established
poiicy of the United States to maintain the
two metals on a parity with eacu other upon
the present legai ratio or such ratio as may
be provided by law.”
This declaration so controls the action of
the Secretary ct the Treasury as to prevent
his exercising the discreuon nominally
vested in him, if by such action the parity
between gold and silver may be disturbed.
Manifestly a refusal by the Secretary to pay
these treasury notes in goid, 1f demanded,
would necessarily result in their discredit
and depreciation as obligations payable
only insilver, and would destroy the parity
between thie two metals by establishing a
discrimination in tayor of gold.
Up to the 15th day of July, 1893, these
notes had been issued on payment of silver
bullion purchases to the amount of $147,-
000,000. White ali but a verysmall quantity
of this bullion remains uncoined and with-
out usefuiness in the I'reasury, many of the
notes given to its purchase have been paid
in gold. This :s illustrated by the statement
that between May 1, 1842, aud July 15, 1343,
the siiver bullion amounted to a little more
than $54,000 000 and that during the same
eriod $19,000,000 were paid to the
Treasury in gold tor the redemption of such
notes.
The policy necessarily adopted of paying
the notes in gold has not spared the goid re-
serve of $100,000,000 long ago set aside by
the Government for the reacmption of other
notes, for this fund has alreauy been sub-
jected to the payment of new obligations
amounting to about £150,000,000 on account
of silver purchases and hus as a consequence
for the first time since its creation been en-
croached upon. We have thus made the
depletion of our gold easy and have tempted
other and more apprec:ative nations to add
it to their stock. That the opportunity we
have offered has not been neglected is
shown by the large a uounts of gold which
have been recently drawn from our treasury
and exported to increase financial strengtn
of foreign nations. The excess ot exportsof
gold over its imports for the year ending
June 30, 1893, amounted to more than $87,-
500,000. Between the firstday of July,1890,
and the 15th day of July, 1843, the gold coin
message was pre-
and bullion in our Treasury decreased more
than $132,000,000, while during the same
A riod the silver coin and bullion in the
reasury increased more than $147,000,000.
Unless Government bonds are to be cen-
stantly issued and sold to replenish our ex-
hausted gold. only to be again exhausted, it
is apparent that the operation of the silver
purchase law now in force leads in the di-
rection of the entire substitution of silver
for the go'd in the Government Treasury,
and that this must be followed by payment
of all Government obligationsin depreciated
silver.
At this stage gold and silver must part
tomjany, an. the Government must fail in
its established policy to maintain the two
metals on a parity with each other. Given
over to the exc.usive use nf a currency
greatly depreciated, according to s:andard
of the commercial world, we could no long-
er claim a place along the nations of the
first class, nor could our Government claim
a performance of its obligations, so far as
such an obligation has been imposed upon
it, to provide for the use of the people the
best and safest money. It, as many of its
friends claim.s:lver ought to occupy a larger
place in our currency and the currency of
the world through general international co-
operation and agreement, and it is obvious
tbat the United States will not bein a posi-
tion to gain a hearing in favor of such an
arrangement so long as we are willing to
continueour attemptto accomplish the result
single handed. The knowledge in business
circles among our own people that our Gov-
ernment cannot makeits fiat equivalent to
intrinsic value, nor keep inferior n oney cn
& parity with supeiior money by its owninde-
pendent efforts, has resulted in such a lack
of confidence at home 1n the stability of
currency value that capital refuses its aid to
new enterprises while millions are actually
withdrawn from the channels of trade a d
commerce to become idle and unproductive
in the hands of timid owners. Foreign in-
vestors equally alert, not only decline to
purchase American securities, but make
haste to sacrifice those which thev already
have, Itdoes not meet the situation to say
that apprehension in regard to the future ot
our finarces is groundiess and that there is
no reason for lack of conficence in the rur-
pose or power of the Government in the’
premises.
The very exisience of this apprehension |
and lack of confidence, however caused, is a
menace which ought not for a moment to be
disregarded.
1 ossibly if the undertaking we
specific known quantity of silver at a parity
have in hand were the maintenance of a "EXTRA SESSION OF CONGRESS
with gold, our ability to do so might be
estimated and gauged, and perhaps in view
of our unparalleled growthjand resou:ces,
might be favorably passed upon. But when
our avowed endeavor is to maintain such
parity in regard toan amount of silver in-
creasing®at the rate of $ 0,000,000 yearly. with
no fixed termination to such increase, it can
hardly be said that a problem is presented
whose solution is free from doubt.
The people of the United States are entitl-
ed to a sound'and stable currency and to
money recognized as such on every exchange
and in every market of the world. Their
Government has no right to injure them by
financial experiments opposed to the policy
and practice of other civilized States, nur is
it justified in permitting an exaggerated and
unreasonable reliance on our national
strength and ability to jeopardize thi
soundness of th» people's money.
This matter rices above the plane of party
politics. It vitally concerns every business
and calling and enters every household of
the land. There is one important aspect of
the subject. which especially shouid never
be overiooked. At times like the present,
when the evils of unsound finance threaten
us. the speculator may anticipate a harvest
gathered from the misfortune of others. the
capitalist may protect himself by hoarding
or mav even £nd profit: n the fluctnation
of values; but the wage-earnar—the firstito
be injured by adepreciated currency and the
Jast to receive rhe banefit of its correction—
is practically defenseless.
He relies for wor: upon the ventures of
confident and contented capital. This fail-
ing him his condition is without alleviation
for he can neither prev on the misfortunes
of others nor hoard his labor. One or tne
greatest statesmen our country has known,
speaking more than 50 years ago when a
derangement of the currency had caused
commercial distress, said: “The very man
of all others who has the deepest interest in
a sound currency and who suffers most by
mischievous legislation in mony matters 13
the man who earns his daily bread by his
daily toil.”
The words are as pertinent now as on the
day they were uttered, and ought to im
pressively remind us that a failure in dis
charge of our duty at this time must
especially injure our countrymen who labor
and who, because of their number and
condition. are entitled tothe most watchful
cave of their Government. ;
*It is of utmost importance that such relief
as Caneress can afford in the existing situa.
tion be afforded at once. The maxim, *'He
gives twice who gives quickly,” is directly
applicable It may be true that the
embarrassment from which business of the
country is suffering arises as much from
evils apnrehended as from those actually ex-
isting. We mav hope, too, that calm counsel
will will prevail and that neither the capi-
talist nor the wage earners wil: give way to
unreasoning panic and sacrifice their prop-
erty or their interests under the influence of
exaggerated fears. Nevertheless every day's
delay in removing ane of the plain and
principal causes of the present state of
things enlarges the mischief alreadv done
and increases the responsibility of the gov-
ernment for its existence.
Whatever else the people have a right to
expect from Congress, they may certainly
demand that legislation condemned by the
ordeal of three vears' disastrous experience
shall be removed from the statute books as
soon as their representatives can legitimate-
ly deal with it. It was my purpo-e to sum-
mon Congress in special session early in the
coming Septe ber, that we might enter
promptly upon the work of tariff reform,
which the true interests of the conntry
clearly demand, which so large a majority
of the people asshown by their suffrages
desire and expect, and to the accomplish-
ment of which every effort of the pre-
went Administration is pledged.
But while tariff reform has Jost nothing
of its immediate and permanent importance
and must in the near future engage the
attention of Congress, it has seemed to me
that the financial condition of the country
should at once and before all other subjects,
be considered by your honorable body.
I earnestly recommend the prompt re-
peal of the provisions of the act rassed July
14, 1890, authorizing the purchase of silver
bullion and that other legislative action
may put beyond all doubt or mistake the
intention and the ability of the Govern-
ment to tulfill its pecuniary obligations in
money universally recognized by all civiliz-
ed countries. GrOVER CLEVELAND.
A $1,000.000 FIRE.
Two Incendiary F res Leave Paths of
Blackened Ruins in Minneapolis.
Two fires, presumably incendiary, des-
troyed over $1,000,000 worthy of property at
Minneapolis, Minn., on Sunday. One fire
broke out in a stable in the rear of the Cedar
Lake Ice Company’s house, and soon spread
to the ice house proper. From there, fan-
ned by a quick breeze, the flames spread to
Clark's box factory; and then destroyed the
boiler works of Lintzes, Connell & Co., in-
cluding a $27,000 riveting machine the only
one West of Chicago. Lenhart’'s Union
Wagon Works were totally consumed, also
a quantity of lumber belonging to various
firms. The Cedar Lake Ice Company lose
$5,000; Clars’s Box Company, $30,000; Lint-
zes, Connell & Co., $60,000; Union Wagon
Works, £15,000. On this there is a total in-
surance of about half.
While the fire was at its height an alarm
was turned in from the lumber district at
the other end of the island. Boom Island,
as the piace is called, was a mass of wood
and lumber piles belonging to Nelson, Tenny
& Co. and Backus & Co., and fanuved by a
brisk wind the flames soon spanned the
narrow stretch of water and began eating
their way among the big saw mills and
residences in the vicinity of the river bank.
One after another the planing mills of the
Wilcox Company, the Chatterton Hill,
Backus mill, the Hove mill, Smith and
Corrigan, and Nelson, Tenny & Co., felt the
blast of the fire and were either totally de-
stroyed or badly damaged. The flames left
a path of blackness through Marshall
street, but was principally stopped by the
big brick structures of the Minneapolis
Brewing Company, although their loss is
put at $110,000.
In all 112 houses were destroyed.
The Northern Pacific bridge and the Ply-
mouth avenue bridge were rendered useless
by the fire,
TWO MORE CHOLERA CASES.
There Have Been in All Twenty Patients
Sent to the Hospital, But the Disease
is Mild in Form.
At Quarsantive, S. I., Dr. Jenkins Sunday
evening issued the following bulletin:
“Two suspec's were isolated at Hoffman
Island early this morning. They are Maria
Reno, aged 4 years, and Pasquele Depadro,
aged 15 years.
“The bacteriological examination shows
that Guisippe Adamo, who was removed
yesterday is suffering from cholera, and
that Francisco Caiol Aaola and Mariana
Georquis have not developed the disease.
The census of the hospital to-night shows:
Cholera patients, 14; patients not having
cholera, 3; convalescent, 1; suspects on
Hofiman Island, 2; tota), 20.
‘All of the patients are improving. The
death is mild in character. Two nmicre nurses
were sent to Swineburne island to-day,”
At midnight Saturday there were two
more deaths from cholera at the hospital.
The victims were Francisco Mola, aged 27,
and Moriano Roberats, aged 23. Their re-
mains were incinerated.
wre trimmer ret
Lightning Killed Two.
At Brooklyn, N. Y., while Fred Zeigling,
Lizzie Topel, Ernest Topel and John Maher
were returning from East New York they
were struck by lightning. Zeigling and the
girl were instantly killed and Maher was
severely shocked. The father of the girl
Ernest Topel zeceived a shock on the leg.
ef em——
OPENING OF THE SENATE.
Tha Fifiy-third Congress of the United
States was opened at noon Tuesdav. in ex-
traordinary session. The President's mes-
sage was not presented but will be read at
to-morrow’s session,
Just before the stroke of noon Mr. Col-
guitt was wheeled into the chamber, but
before hie could be gotten to the chair the
Vice President's gavel fell, a hush came
suddenly on the taitk and confusion, and
the chaplain of the Senate, Rev. Mr.
Butler. opened the session wit: prayer.
The Vice President then directed the
secretary to read the proclamation of the
President convening Congress in extraor-
dinary sesston, and the document was read
by Mr. McCook. the outgoing secretary.
On the suggestion of Mr. Gorman the oath
of office was administered to the new Secre-
tary of the Senate. Mr. Cox. who wus escort-
ed to the desk by the r tiring secretary, Mr.
McCook.
Resolutions were then offered and agreed
to, to inform the House of Repre-entatives
that a quorum of the Senate had assembled
aud was ready to proceed to business; to no-
tify the House and the President of the elec:
tion of Mr. Cox as secretary of the Senate;
fixing the daily hour of meeting at noon.
and for the appointment of a committee of
two Senators to join a li e committee on
the part of the House, to wait upon the
President and inform him that both houses
are in session and ready to receive any
communication he may be pleased to mace,
Senators Harris and Sherman were ap-
pointed as such committee on the part of
the Senate.
Mr. White, of California, then rose and
said it was his painfulduty toanuounce
the death of his late colleague, Mr. Stan-
ford. He said, at a dale to oe tixed hereaf-
ter, he wou:d request the Senate to set apart
a day for such remarks in regard to Mr.
Stanford's memory as might be deemed
proper, and would content for the present
with moving, as a mark of respect, that the
Senate adjourn. The motion was agreed to
and the Senate, at 12:30 adjourned.
OPENING OF THE HOUSE.
The opening of the extraordinary session
of the Fitty third Congress, as far as the
House was concerned, was unmarked by
anything of a sensational character and was
merely formal. Spe ker Crisp was re-elect-
ed quietly and without more than the usual
political opposition.
A committee was appointed to wait upon
the President to inform him that Congress
was organized and ready to rec ive any
communication he might see fit to transmit.
The biennia! drawing for seats was then
proceeded with, after which the House
adjourned out of respect to the 1 emory of
the late Representative, William H.E nochs,
of Ohio.
SECOND DAY.
SexaTE.—The proceedings in the Senate
to day were of great public interest. After
the President's nm essave was read it was re:
ferred to the Committee on Finance and its
immediate printing ordered. Then the
floodeates of legislation were thrown wide
open and a current of bills on finaneial and
other subjects was admitted. Mr. Hili, of
New York, was the first Senator to get in a
bill for the repeal of the pirchasing clause
of the Sherman act. Mr. Stewart.of Nevada,
followed with two other bills and a speech.
The bills are for the free coinage of silver.
In the speech he declared himself against
the repeal of the Sherman act, as such re-
peal would, he said, destroy silver coinage
forever.
A resolution was offered by Mr. Lodge, ot
Massachusetts. directing the Committee on
Finahce to report a bill for the repeal
of the purchase clause of the Sherman act
and providing for a vote on the passage otf
such bill by August 22, if not sooner reach
ed. The resolution wen* without action and
will be laid before the Senate to-morrow,
One of Mr. Stewart's bills directs the
Secretary of the I'reasury to issue silver cer:
tificates equal to the amount of silver bu!l-
lion in the Ireasury purchased under the
act of July 14, 1890, in excess of the amount
necessary atats coining value, to redeem
the treasury notes issued under that act.and
to use the same to provide for any deficien-
cy in the revenues of the Government, the
surplus of such certificates to be used in the
purchase of 4 per cent bonds at their mar-
ket price, not exceeding 12 per cent.
prenmurm.
In the discussion that followed Mr. Hale.
of Maine, said the President had made a
reference to the tariff. butthere was not a
Senator present who id not know that the
Democratic party wonld no more dare at
tack the tariff question than a sane man
would dare to graspa wie charged with
electricity. Congress was in session for the
sole purpose of considering the f{inancia’
question.
M:. Sherman, of Ohio, said:*'I believe thal
the time will come. after we have considered
the situation with moderation and patience.
when we will come to some common agree:
ment that will relieve the public mind,
which will free the manufacturing estab:
lishments from the fear which they now
have of a change in the tariff laws, and
which will free the people of the country
who have their humble hoardingsin sav-
ings banks from the apprehensions which
now cause them to withdraw their money
and hoard it, I will vote for no measure of
extreme urgency to press a decision,”
After a set speech on the financial ques-
tion by Mr. Dolph the senate adjourned.
House—When the residing of the Presi.
dent's message was concluded in the House,
the election case from the Fifth district of
Michigan was taken up and after two hours’
debate Richardson, the Democrat was seat-
ed on his prima facie title. At 4:35 tne
House adjourned until Thursday.
THIRD DAY.
SExaATE—The Senate was 1n session just
long enough to adjourn,transacting no bus-
iness of importance.
Hovse— "There was no session of the House
to-day, but instead a silver caucus was held,
at which Mr. Bland presented the terms of
the proposition made to him by Mr. Burke
Cochran, on behalf of the anti-silverites, for
an immediate discussion of the wholesilver
question. This proposition, it is understood.
included a limitation of the time within
which a vote should be taken. the number
of amendments to be offered to the measure
iniroduced for discussion, and the man:
ner of disposing of them, ete. The
proposition of the anti-silver men
was not acceptable to the advocates: of free
coinage and for the present there will be no
“general consent’ arrangetnents for decid-
ing the discussion of the bill to repeal the
Sherman law. [I'he only Republican pres-
sent at the caucus was Representative Bow-
ers, of Califormia. The Populists were
represented by ‘Jerry’ Simpson and Mr.
Kem, of Nebraska. The attendance upon
the caucus can hardly be regarded as a test
of the silver forces in the House, for the
reason given ty Mr. Enloe, of Tennessee.
that the Democratic party was charged by
the people with the duty of legislation so as
to remedy the present depression in all
branches of business. A Democratic caucus
and not a mixed conference, should bave
been called to talk ov-r the situation and
formulate a plan of relief. On motion of
Mr. Bland a ‘steering committee” was
appointed, which. he said, would probably
meet the committee of anti-silver men to-
morrow and discuss the details of the
discussion to be had upon the bill outlined
in the resolution adopted. Some of the free
silver men are satisfied that the present
ratio of 16 to 1 should be changed. “We
shall probably vote,”’ said Mr.Bland. “upon
the present ratio of 16 to 1, and if that is
defeated, then 17 to 1, and so on up to 20 to
1 if necessary.”
FOURTH DAY.
SevATE—The work of the senate to-day
consisted of a motion to adjourn until Mon-
day which was carried. The whole session
occupied less than 20 minutes.
Hovuse—The House was in
long enough to carry a motion
for the day.
session only
to adjourn
FIFTH DAY.
SexaTE.—Not in session to-day.
House.—In the silver battle in the House
o-dav the first gun was fired by Mr. Wilson,
of West Virginia. The missile was in the
shape of a bill for the repeal of the pur-
chasing clause of the Sherman act. Then
came forward Mr. Bland of Missouri, with a
flar of truce. under which, after a little
objection from the Republicans,an arrange-
ment was effect d whereby a debate for 14
days. with night sessions if desired, was
provided for, votes to be taken on ratios
rarying from 16 to 1 20 tol snd on an
amendment reviving the Bland act of 1878
Thedaily sessions of the House to extend
from 11 a. m. until 5 p. m.
The silver men opened their batteries in
the shape of a bill, offered as a substitute
for the free coinage of silver at the present
ratio. This started the battle. Mr, Raynor.
Democrat, of Maryland, was the first
champion sent out by the anti-silver coborts
and he fought vigorously and well. He was
reinforced by Mr, Brown, Democrat, of
Indiana, who in a brief speech advocated
the repeal of the Sherman act, conditionally
or unconditipnally. ; .
Mr. Bland, Democrat, of Missouri, was
put forward to return the fusilade of argu
ment and eloquence, and he performed his
part without detracting from his reputation
as the leader of the silver forces on the
floor. He was fo'lowed bv the Populisi
member from Colorado, Mr. Pence, whc
constituted himself as a bulwark for the
protection of silver: and by Mr. Wheeler. ol
Alabama, who demanded a greater volume
of currency. 3 ;
The fight was still on when at 5 o'clock
the House adjourned until 11 o'clock to-
MOITOW.
—-
SIXTH DAY.
SENATE—Not in session to day, :
House—The debate on the siiver question
was continued in the House which after s
short session adjourned for the day.
OHIO DEMOCRATIC CONVENTION
Lawrence T. Neal Nominated for Gov-
ernor- The Platform in Full.
The Ohio Democrats met in State conven-
tion at Cincionati on Thursday and after a
short session put in nomination the follow-
ing ticket:
Governor—LAWRENCE T. Near, of Chilli-
cothe.
Lieut. Gov-—Cor, W. A. TAYLOR,
lumbus,
Treasurer—B. C. BLacksUury, of Coshoc-
ton.
Atty, Gen.—Jonx I. BaiLey, of Putnam
county.
Member Board of Public Works—Louis
D. WiLneLwm, of Akron.
Food and Dairy Commissi oner—P. H.
McKeown, of Cincinnati.
The platform adopted is as follows:
THE PLATFORM.
We hereby approve the platform: of the
Democratic party adopted by the national
convention at Chicago, and especially those
portions of it referring to the tariff and to
currency legislation. We congratulate the
country upon the early prospect of meas-
ures of relief as outlined by the President's
late n.essage to Congress and we have confi-
of Co-
dence that the Democratic Congress will
devise laws to furnish such relief,
Second—The financial situation is the
unfortunate legacy or Republican adminis-
tration. It is the natural result of the
McKinley tariff, the Sherman silver law,
the extravagance of the party lately in
power and the creations and fostering of
trusts and combinations by that party, all
combining to shake credit, to create distrust
in the money of the country and paralyze
its business.
Third—We recommend that national
banks may be permitted to issue their cur-
rency to an amount equal to the par value
of the United States bonds they may deposit
with the treasurer of the United States, to
the end that the volume of currency may he
immediately increased.
Fourth—Theinterests of every true soldier
and pensioner demand that the pension roll
should be made and preserved as a roll of
honor. We believe in just and liberal recog-
nition of the claims of veterans, and favor
granting them all that patriotism could ask,
all that gratitude could demand. But the
granting of pensions on fraudulent claims
for partisan pur oses. or on department de-
cisions in contravention of law, as practiced
uuder the last administration, needs to be
investigated and corrected so that the unsel-
fish valor ofthe American soldier may re-
main untarnished, The Democratic party
pledges itself that the rightiul claim of no
Union soldier to a pension shall be denied,
and the allowance of any worty pensioner
shall not be disturbed.
Fifth—We condemn the unbusinesslike
administration of State affairs under Gov-
ernor McKinley.deplore the official scandals
and defalcations under it and denounce the
condoning of official crimes which have
brought humiliation upon our people. We
denounce the reckless extravagance of the
large majority in the Seventieth General
Assembly, which appropriate! for current
expenses about $600,000 in excess of the cur-
reut revenues and added almost $30,000,000
to the local bonded indebtedness of the
State by laws in the main unconstitutional.
We demand that an end be putto such rob-
bery of the taxpayers,
Sixth—The Democratic party expresses its
confidence in the ability of Hon. Calvin 8.
Brice, of the United States Senate, to mate-
rially assist the Democratic majority in the
Congress of the United States to extricate
the great commercial interests of the coun-
try from their depressed condition.
After indorsing the national administra-
tion the platform closes without referring
to silver. The report was unanimously
reported.
WEEKLY CROP REPORT.
The General Drouth Hard on Vegeta-
tion.
{he weekly crop report’issued at Washing:
ton, says: Drouth conditions are now
general in the central valleys, northwestern
states and in portions of the middle Atlantic
states and lake region, and its effects are
reported as more or less damaging in Illinois,
Wisconsin, Kentucky, Ohio, Michigan and
the Dakotas. There has been too much
rain for cotton in portions of Alabama and
Mississippi, but in South Carolina and Texas,
except in southwest portion, the crop is
greatly improved. Cotton picking is now
progressing in Georgia and Florida. Spring
wheat harvest is now progressing in Wiscon.
gin, Minnesota and the Dakotas.
Upon the whole it may be stated that the
weather conditions have been beneficial to
crops in New England, portions of the Mid-
dle Atlantic states and generally throughout
the Southern states, while throughout the
central valleys, Northwest and lake regions
the week has been unfavorable owing to
lac ¢ of moisture. The week was generally
favorable on the Pacific coast, although in
(California the warm weather over the in-
terior of the state caused fruit to ripen too
rapidly. .
In Pennsylvania—In most places drouth
remains unbroken; all crops will be short-
ened, especially tobacco and potatoes.
In West Virginia—Corn improved con-
siderably; plowing for fall wheat progress-
ing; weather favorable; tobacco, buckwheat
and stock doing well.
In Ohio—Corn, potatoes.tobacco and past-
ures suffering from drouth; wheat and oats
threshing continues; good yield; ground too
hard to plow.
rit itis
Base Ball Record.
The following table shows the standing of
the different base ball clubs up to date:
Ww. L. Pct.
.696 Cincin’ti..
L607 St. Louis..
.602 Baltimore :
602: Chicago...
506 Louisv' le. :
489 Wash'n... 32 38 .356
Boston....
Philade!’a 54 35
Pittsburg. 56 37
Clevel'nd. 33 35
New York 45 44
Brooklyn. 44 46
COLUMBIAN FAIR NEWS ITEMS
FINANCES OF THE FAIR.
THERE HAS BEEN PAID oUT TO DATE $23,101.
821 AND £23,68).417 TAKEN IN—RECEIPTS
NOW AVERAGING $8),000 PER DAY.
on the Fair to date. Or, in exact figures
directors by Secretary Seeberger, up to and
including August 10. the cost
and maintaining the Exposition was $23.
101 821.16, This does not include the tioat-
ing indebtedness. which amounts to a few
hundred thousands. To offset this. $23,
680.417.97 has been collected from various
sources. Treasurer Seeberger now has on
band cash to the amount of $527.2564 91. In
addition to the fizures for the totai receipts
and disbursements, Treasurer Seeberger
showed the gate receipts to be $3.520,310.8]
From other concessions, $2,326,930 has been
collected. The gross daily receipts are now
averaging $80,000. The expenses are about
17 000. Since Augu~t1 an average o'
£40,000 per day has been paid on account of
floating indebtedness,
Mr. Seeberger incorporated in his reportfa
statement concerning the souvenir half
dollars. showing that, while they bave had
a satisfactory sale since the opening of the
Fair, the demand for them [is increasing
with every prospect that the entire issue
will be exhausted Several hundred thou-
sand of the coins were taken to Jackson
Park a few weeks azo and there now remain
in the vanit in the Treasurer's office only
2.541 of that lot.
et
SUNDAY AT THE FAIR.
NO ATTRACTIONS AND NO CROWD SAVE IN THE
PLAISANCE—OFFICIALS HOPE SUNDAY
OPENING IS AT AN END.
The Exposition was open Sunday, but the
attendance was light. Visitors were allowed
in all the buildings except that of the Gov-
ernment. but most ot the exhibits were
closed. The management of the Fair offer-
ed no attraction of any kind, nor were there
any services in Festival hall to induce the
eople to come out to the park. As a result
nearly all of the sightseers spent the day in
the Plaisance, where the only life in the
grounds was apparent.
The hope is strong among Exposition of-
ficials and employes that this will be the
last “open” Sunday, and that by next Tues-
day the Clingman injunction forbidding
the closing of the gates on the first day of
the week will have been dissolved.
The attendance on Sunday was
only 18,
NEW FACTOR IN TRADE.
The Largest Addition to Money Supply
Ever Made in a Single Month Tend-
ing to Restore Confidence.
. R. G. Dun & Co.'s Weekly Review ot
Trade says: The long desired meeting of
Congress, a President’s message which fully
answered expectations, and the arrival of
$13,280,000 gold from Furoge. with $10,000,
000 more on the way, have not brought the
improvement many anticipated. Stocks are
stronger, but failures continue and the clos-
ing of industrial establishments. and the
disorganization of domestic exchanges are
even greater than a week ago.
There has been no startling crash, but the
formal failures of banks, including one in
this city and several in Nashville, number
34, while refusals to pay, except through a
clearing house or with limitations, are be-
coming more common. Whatever relief
Congress has power to give may be less
fruitful for good if long deferred. The
machinery of exchanges has almost stopped.
When £30, per £1,000 is paid for New York
exchanges at Chicago and $15 or $20 at other
Western cities, settlements between the
Jast and the West become extremely
difficult.
The root of the !rouble is that, according
to reports of July 12 to the Comptroller.over
$131.000,000 of deposits had been withdrawn
in two months from national banks, and
probably $177,000,000 from all, besides un-
known sums from savings, State and pri-
vate banks; and during the month since
July 12 the withdrawal and hoarding mast
have been relative'y even greater. Even
more than lack of orders, want of confi-
dence in the intezrity of orders troubles the
textile mills, for cancellations multiply. If
only confidenczin thefuture could be restor-
ed the monetary troubles might soon be
relieved. But at present wanr of cash, it is
said, accounts for the retarled movement
of wheat from farms to Western markets
and exports have not met expectations of
late so that prices of grain have somewhat
declined.
Railroad earnings show a decrease of
about 8 yer cent. compared with those of
last year, but the clearing house returns at
the principal cities show a decrease in
settlements of 25 per cent. Appeals to the
Treasury for some relief are frequent, but
its cash balance has been reduced so low
that the gold reserve may have to be used
in part for current expenses.
About $13,000,000 bank notes wili quickly
be added to the circulation through United
States bonds purchased from savings banks
and this, with $23,000,000 in gold brought
from Europe. in spite of the advance in the
Bank of England rate of 4 per cent, will
make the largest addition to the monetary
supply ever experienced in a single month.
Ifthis suffices to cause the release of hoard-
ed money.sonie currency rn ay come without
waiting for siow-footed lawmukers at Wash-
ington.
Failures during the week numbered 391
in the United States against 160 last year,
and 25 in Canada against 10 for the same
week last year. The number for the past
week shows a decrease from the previous
week of 40. The West still contributes the
largest number, 191. for the past week
against 237 for the previous week. In the
Cast there were 149, and in the South 54.
THE BUSINESS BAROMETER.
Bank clearings. totals for the week ending
Aug. 10, as telegraphed to Bradstrees, are
as follows:
New York......... ..... §468,069,510 D 14.8
Boston ... .. 09615334 D 21.5
Chicago. civ B72, D 28.7
23 2
49,628,295 D 14.0
16,075,276 5
. 12,672,310 1
10,965,378 D 2
10,696,750 D 22.
1
LA
Philadelphia ....
St. Lonis.........-
Baltimore... ....
San Francisco .
Pittsburg. ..... .
Cincinnati..... es
Cleveland ....::.......; -
7,911,700 D 41.
4,101,191 D 22.
Totals. U.8........ £799.905,224 D 20.
Exclusive of New York 331,835,714
i indicates increase, D decrease.
A Sharp Advance in Silver.
The offers of silver to the Treasury De
partment on Wednesday aggregated 357,000
ounces, and the amount purchased was
117,000 ounces at 0.7515 an ounce, The
same price was tendered for the remainder,
The price paid is an advanee of 41-4 cents
over the price on the first purchase dar of
the month.
——— eg
A Royal Betrothal.
The betrothal of Prince John, nephew of
the King of Saxony, to Princess Mcria, of
Wurtemberg, was publicly announced at
Berlin on Saturday.
tr —
Ox account of the financial stringency the
members of the seven religious denomina-
tions at Ashland, Kan. have acreed to sit in
one church, listen to one minister and drop
their mites into one box. This will add six
clergymen to the great army of the unem-
ployed. Other drought-stricken communi
ties willadopt the same pl:
eC.
JosEPH Os10T, who assisted the Pittsburg
firemen in extinguishing a fire in that city,
dropped dead at the sight of the body of a
gir! who had been burned to death in the
flames.
More than £23,00 1.000 has been expended
and according to the report presented to the |
of cr-ating i
i TELEGRAPHIC JOTTINGS
————
BOTH FROM HOME AND ABROAD.
What is Going On the World Over.
Important Events Briefiy Chronicled
eo
Cavritnl. Labor and Induarrial,
REpucixG WaGrs—It is announced that
the Camden lumber plant at Alexander, W.
Va., known as the Alexander Boom Lum-
ber Company,the Burns mills at Burnsville
and Sutton, and also Camden’s several
plants along the West Virginia & Pittsburg
railroad have decided to follow the example
of the Buckhannon Becom Lumber Com-
pany, in reducing the wages of employes 10
to 15 per cent, commencing next week. The
reasons given are the companies’ inability
to dispose of their product for cash or its
equivalentand thie impossibility of obtaining
mon y to conduct their'business on a high
scale of wages. They say they must either
reduce wages or shut down their mills, The
reduction effects several thousand men.
The fire in the Pennsylvania colliery at
Shamokin has been extinguished. ‘Work
has been resumed, giving employment to
2,000 bands after one month's idleness.
Three Youngstown firms have given
notice that the men will be expected after
Monday to work 10 hourt for 9 hours’ pay.
Swift & Co., the Chicago pork packers,
have discharged {00 e::ploves on account
of duliness in trade.
At Zurich, Switzerland, the international
socialist congress approved the establish:
ment of an eight hour working day. The
delegates agreed to agitate for the holding
of an interstate congress to settle the ques-
tion.
At Pueblo, the steel plant of the Colorado
Fuel and Iron Company has resumed oper-
ations with a full force of 1.60) men, after
a shut down of three weeks for repairs. The
company has large orders ahead.
The 20 sewar pipe plants of Toronto, O.,
will cut wages about 10 per cent. If the
reduction is not accepted the works will
shut down.
The New York, Lake Erie and Western
Railway Company has suspended all un-
married employes on the Honesdale, Pa..
division.
The works of the Salem, 0., Wire Nail
Company have resumed after a shut-down
of several weeks.
Lgl
Financial nnd Commercial,
The Bank of Wellsburg at Wellsburg, W.
Va, c'osed its doors. The assets are $300,-
000, with liabilities said to be not over hal
that amount.
Nashville,
It claims assets o
1
aso
The First national bank of
Tenn., suspended.
$3,047,983. The City savings bank
suspended.
The Bank of Colfax, at Colfax, Wash.,
suspended.
The Commercial Bank of Minneapolis,
Minn., suspended.
New Orleans savings banks will require
from depositors 60 days’ notice of intended
withdrawals. There was a run on the Ger-
mania savings bank on Tuesday.
The Caldwell County bank of Kingston,
Mo., and the Exchange bank of Polo, Mo.,
have closed their doors. 2
The First National Banc of Fort Scott,
Kansas, ‘the oldest bank in Kansas, which
suspended recently has resumed.
The Ameriean National Bank, Nashville,
Tenn., has suspended payment. The Safe
Deposit Trust and Danking Company has
suspended temporarily.
The Hamilton county state bank, Web-
ster City, Ia., cne of the oldest and best
banks in fowa closed its doors on account ot
inability to realize on assets.
reel
Cholera Advices
VIExNA.—An othcial statement issued by
the sanitary council of Austria declares that
the condition of the country with regard te
cholera isvery precarious—much more ser
ious than it was in 1892. The home offices
has sent a circular to government officials
throughout the country enjoining the strict:
est precautions.
Cholera has broken out among Navvies
—mostly Italians and Croatians—building a
railway at Marmaos on the Galician frontiex
Thirty-five have already died. One hun-
dred fled in the direction of their homes
without waiting for their wages.
VE
Washington News.
The official list of members of the house
as prepared by Clerk Kerr gives the Demo-
crats 220 members, Republicans 126 and the
third party 9. There is one vacancy, the
Tenth Ohio district, caused dy the death of
Repres~utative Enoach, making the whole
number 356.
Upon inquiry at the pension office it is
learned that up to date there have been
6,472 pensions suspended, which were grant.
ed under the act of June 27,1890, the average
being 170 daily. A large proportion of these
cases, itis said, were suspended
medical examination.
RE
pending
Fires
Snow Hill, Md., burned Monday
Only six buildings were saved.
000.
night.
Loss, $300,-
At Sidell, Jil., the business section of
town. Loss, $50,000; insurance, $25,000.
At Isabella, Ga., the Worth County Court
House, All the county records, except
those contained in two books were burned.
Incendiarism is suspected.
a
Crime and Penalties,
John Finn, a St. Louis mor rman, while
delirious with fever, murderous:y attacked
lis four little children and then cut his own
throat. [t is believed that neither himself
nor any of the four children can recover.
~~
Disasters, Accidents and ¥aralities
By the explosion of the boiler of the
Marshall lumber company’s planing mill,
at Marshall, Tex., Tommy Hill, aged 13,
Henry Smalley, aged 16, Gus Saunders, a
negro, were killed, and Joe Bright. engineer
and Joe Walman were badly scalded.
i
Sanitary.
The Pittsburg (Pa.) mortuary report for
the week ended August 5 shows a total
number of deaths of 107, an annual death
rate of 21.07 per 1,000. The number shows.
a decrease of three compared with the corre-
sponding week of 1892.
THE
Rev.Dr
Mor