CONVENTION DAT SET
THE DEMOCRATS WILL GET
TOGETHER IN JULY.
And About Thtt Date Place In Xomi na
tion a Candidate for President A Reso
lution That the Convention Be Held
Hehind Closed Doors Unanimously
Voted Down The Convention City Not
Vet Named.
tlnlj 7 Is the Date Set.
Washington, Jan. 17. The Demo
cratic national convention will be held
July 7. The national committee de
cided to-day on this date. An opposi
tion motion favored June 2. The vote
on the date for holding- the convention
res-ulted 32 to IS in favor of July 7 and
was taken after a little discussion, in
which considerable difference of opin
ion developed.
The resolution of Patrick Collins of
Massachusetts, offered in the conven
tion of that the next national
convention be held behind closed
doors, was reported adversely by the
aub-coromittee to which it was re
ferred and the report was adopted
unanimously.
It was decided to give each city
thirty minutes in which to present
their claims this afternoon, but a new
departure was made bv the nntinn
of a resolution requiring- each city to
put its guarantee in writing- to pre
vent any misunderstanding in the fu
ture. senator Morgan, who held a proxy
of .Mr. Clayton of Alabama, talked for
some time about a proposition to
change the basis of representation in
the convention to two delegates for
each Democratic representative in
Consrre- and two for each Dem
ocratic Senator and one for
each Republican Senator and rep
resentative. He offered no mo
tion to this effect. lie may bring the
question up in the convention. It was
decided to allow each territory six
delegates, after which the committee
took a recess until 3 o'clock.
EXPORTS AND IMPORTS.
lUUnre of Trade in This Country's
Fat or for the Year of 833,369,884.
Wafhinotox, Jan. 17. The report
of the treasury statistician shows the
exports for December exceded the im
ports by S:W,3u3,14f.L The total of ex
ports for the month was 52, 5tf5, 503,
and the imports S2,207,3o7, of which
932,753.530 was dutiable. As com
pared with December, 1S94, exports
gained SS,003,000.
The total of exports for the year
1895 was 5824,396,520, and of imports,
$Soi,C26,633, giving a balance of trade
in this country's favor of $23,269,834.
In 1894 the balance of trade was 5143,
739.S07. The exports for the two
years were about the same, but the
imports of 1604 were Sl25,000,000 less
than in 1395. That accounts for the
drain of gold.
The net export of gold in Decem
ber. 1895, was Sl4.l70.2lO. and for the
year 185 it was S7-'.065,6S7. The net
expDrt of silver for the year was
S42.55..7ti.
The immigration for 1S95 was 324,
542. ag-ainst 243.93 for 1S'J4.
SETTLES AN OLD CASE.
A Former Officer Who Fought a Duel
Given Honorable Discharge.
WAsniNGTOX,Jan. 17. It is a curious
story that is embodied in a report Mr.
Tarscey male to the Douse from the
military affairs committee to-day.
When Captain of the Fourth Missouri
Cavalry William M. R. Grebe, was
challenged to fight a duel by a fellow
officer, Ferdinand Hanson, he accept
ed, and on December 12, 18t4,
all concerned in the affair
were court uiartialed and cash
iered. The report recommends at
the conclusion of a several years' fight
that Captain Jrel should be granted
an honorable discharge. It exhibits
the pleadings of the accused, who set
up that foreign birth and training had
built in him the conviction that not to
fijrht wa.-. disgraceful. Tom Fletcher,
when Governor of Missouri, vainly en
deavored to secure a pardon from the
Preside- t. The case is a in one the
celebrated cases of Missouri, and Cap
tain Grebe, who now lives at Ilonner
Springs, Kan., formerly lived in Kan
sas City and is well known there.
TO SUCCEED HIMSELF.
Republican Canen Nominates Allison
for Senator Amid Wild Enthnalasnk
Des Moines. Iowa, Jan. 17. The
Republican joint legislative caucus
met yesterday afternoon. Represent
ative Allen was made chairman and
Senator Ellis nominated V. 11. Allis--n
for United States senator. Eaoh
speaker referred to Mr. Allison's line
record, and paid especial attention to
the fact that he is a very available
candidate for the presidency. Every
allusion to Allison for president was
greeted with great applause by the
members and visitors crowding the
lobby and galleries.
At the conclusion of the speeches
Mr. Allison received the unanimous
rising vote of the caucus for the nom
ination, and was declared the nominee.
An Anglo-French Agreement In Slam.
Paris, Jan. 17. At a cabinet coun
cil held this morning, M. Benthelot,
the minister of foreign affairs, an
nounced that the Anglo-French agree
ment regarding Siam was signed yes
terday, and that by its terms the Me
kong bt comes the boundary and both
powers undertake to refrain from an
armed advance into the Menam valley.
But the Siamese territory west and
east of it is excluded from this clause.
Depnty Floqnet III.
Fabis, Jan. 17. M. Charles Thomas
Floqnet, the celebrated French poli
tician and deputy, for a number of
years president of the Chamber of
Deputies is seriously ill with conges
tion of the lungs and is not expected
to recover.
Campoa Asks for Cavalry.
Midbid, via Iiilpa, Jan. 17. Cap
tain General Campos has asked for
cavalry re-enforcements to be sent to
Cuba and it is officially reported that
the situation there is regarded as be
ing of the most tritieal sort.
CLEVELAND IS CRITICISED.
The New Jeraejr Senator Presents
Declaration.
Washixgtox, Jan. 17 In the Senate
to-day Mr." Allen, Populist, Nebraska,
called attention to the indefinite post-ponemt-nt
of his bill prohibiting
American citizens from receiving for
eign titles, decorations, eta It oc
curred through an oversight of his and
he asked that the measure go to the
calendar for consideration as the peo
ple did not believe in this undemo
cratic practice and wanted it stopped.
The request was agreed to.
Mr. Hansbrough, Republican, North
Dakota, from the committee on agri
culture, reported favorably the resolu
tion directing the secretary of agricul
ture to carry out the provisions of the
law relative to the distribution of seeds
and of government publications.
Mr. Call (Democrat of Florida of
fered a resolution directing the secre
tary of State to send to Congress all
dispatches from the United States
consuls in Cuba concerning the present
war.
Mr. Cullom (Republican) of Illinois
presented a resolution which was
agreed to, requesting of the state de
partment information as to whether
naturalized United States citizens of
American birth were allowed to visit
Turkey; whether their families living
in Turkey were allowed to depart for
the United States, and whether Amer
icans liviag in Turkey had the same
rights as were accorded to the citizens
of Great Britain, Germany, France
and Russia.
Mr. Sewell (Republican, New Jer
sey) offered a resolution declaratory
of the policy of the United States on
the Monroe doctrine as follows:
"Resolved, That the Monroe doctrine
as originally propounded was directed
to the special prevention of the threat
ened action of the allied powers in
reference to the revolted colonies of
Spain, and the occupation by way of
colonization of any derelict territory
on this hemisphere, to resist such ac
tion by armed force if necessary.
"That the executive has pressed the
Monroe doctrine beyond what was
contemplated at the time of its an
nouncement and that the resultant
sequence of the position thus taken
seems to be a committal of this gov
ernment to a protectorate over Mex
ico and Central and South American
states.
"That this would be most unwise
and dangerous, and would violate the
sound and well established policy that
we should avoid all entangling al
liances with foreign powers, whether
they be European or American.
"That this action was premature,.
looking to the histoty of the contro- j
versy and inopportune in view of the j
business and financial condition of the !
country.
"That neither congress nor the j
country can be nor has been com
mitted by the action or position of the
executive department in reference to.
the Venezuelan boundary controversy
as to the course to be pursued until
the time shall have arrived for a final
determination. It will then be our
province to adopt such a line of policy
and to take such action as may then
be demanded by our sense of duty to
the country and by a due regard for
its honor and dignity, the welfare and
safety of our people and the integrity
of our institutions."
PENSION DEBATE.
Democrats and Republican Displeased
With the Administration's l'olicy.
Washington-, Jan. 17. Another day
was consumed by the house in oratory
upon the pension appropriation bill,
in the course of which the policy of
the present administrat-on toward the
veterans was scored by both lie pub
licans and Democrats and defended ly
two or three Democrats. The ront
notable incident of the debate wa-s
the attack made by Mr. (irow of Penn
sylvania, upon what he termed the ex
traordinary attempt by the President
and his clerks to encroach upon the
prerogatives of the legislative branch
of the government. He denounced
Secretary Carlisle for sending a finan
cial bill to congress, and the action of
the President in having read the fa
mous letter to Mr. Catching on the
Wilson bill just before the vote on the
bill, which he said was an attempt to
influence the vote. Congress should
resent such encroach tnents upon its
prerogatives, Mr. Grow declared.
Mr. Crowther of Missouri, was one
of the speakers. He closed as follows:
"Judas Iscariot betrayed the Son of
God; Benedict Arnold attempted to
betray the nation that had respected
and honored him; and here comes
along a Democratic administration,
the first in thirty-two years, that is at
tempting to betray the men that rn:u!e
it possible for a Democratic adminis
tration to be elected."
Left a Million for Life
New York, Jan. 17.
Aitiialtiea.
One of the
most remarkable wills ever offered for
probate in the surrogate's office was
that of William Fowler Foster. He
leaves an estate of ov---r 81,000,000. lie
requests thas all his real estate be
converted into cash for the purchase
of 150 annuities. The only lump be- ,
quest left is to his wife, lien ha M. i
Foster, who is left $10,00 J in cash and !
an annuity for life. .Not a cent is lelt
to public charities.
Living: Is Expensive In Havana.
Havana. Jan. 17. The prices of
provisions, etc, are rising very rapidly
here, and the expense of living is fully
fifty per cent more than a month ago.
At the rate things are going, though
the Spanish authorities are still hope
ful of driving the in- -rgents eastward
and westward of Havana, the city of
Havana will soon be the most ex
pensive place in the world to live in.
business is suffering terribly on all
sides.
Bis Eighth Daughter to Marry.
Washington, Jan. 17. The engage
ment is announced of Miss Katharine,
eighth daughter of Chief Justice Full
er of the United States Supreme court,
to Mr. Eeecher of Buffalo, cousin of
the late Henry Ward Beecher. The
date of the marriage is set for Febru
ary 1? .
ttreenway Carried "the Day.
Winnipeg, Manitoba, Jan. IT. At
the polls yesterday the electors of
Manitoba delared almost unanimously thereupon in both Houses of Congress,
against interference by the Dominion i U of which might lead you to hesi
with her school laws, and ex-Premier tafce to make a private contract and
Greenway's administration was in- : consequently, in view of the gravity
dorsed by a ma joritv of about fourteen, of the.aituation, 1 feel bound to say
SYNDICATE LETS GO.
PLENTY OF COLD OFFERED FOR
THE NEW LOAN.
A Circnlar from Mr. Morgan He Says
that 9300,000,000 Were Subscribed in
Fonr Days Aw Explanation of the
Operations of the Syndicate Mr. Mor
gan's Letter to President Cleveland
Syndicate DiMolvetf.
Bond Syndicate-. Quft-
I New lORK, Jan. 16. Members of
j the Government bond syndicate re
J ceived in their mail this morning a
circular letter from J. P. Morgan & Co.,
releasing t hem from their commitments
I to furnish their pro rata of $100,000,
; 000 in gold and' a second $100,000,i00
j if they desired, taking their payment
; therefor in four per cent Government
I bonds. Accompanying this letter was
a circular explaining how the syndi
cate was formed, what action was
taken on its behalf, and why it-is now
dissolved.
"On the 23d of December," Mr. Mor-
; gan says, "I was invited to Washing--;
ton for a conference. During my visit
j there no negotiations for a loan were
j even suggested, nor was there then,
j nor has there been since, any agree
; ment or request that I should take
i any steps preparatory to making a
1 contract. 1 came, however, to the
conclusion that the President and sec
j retary of the treasury would use every
power at their command to restore
j and maintain the gold reserve; that no
! steps would be taken until it was as
! certained what Congress would do;
I that the executive department would
j prefer to secure 8 -JOO, 000,000 of gold,
i and that it was certain that no relief
could be obtained from Congress.
"Upon ray return, appreciating the
gravity of the situation and in order
that 1 might be prepared to act
promptly, 1 took steps to ascertain to
what extent it would be possible to
secure the co-operation of capitalists
in forming a syndicate which would
agree to si-11 to the United States gov
ernment 8200,000,000 of gold coin. The
contract prepared and signed by the
participants did not stipulate whether
the purchase would be by private con
tract or by public offer.
"The only provision in addition to
the important one that no gold should
be withdrawn from the treasury was
that the minimum amount of the con
tract should be 8100,000,000, the maxi
mum not over SC00,000,000. The ap
plications far exceeded my expecta
tions. At the end of three or four
days the total of 8-00.000.000 was
reached, and I had full authority
which would enable me whenever and
however the Executive might decide
to act to secure that amount of gold
for the treasury reserve in exchange
for United States bonds.
"Having completed the formation of
the syndicate, 1 entered into negotia
tions in Europe and in places other
than London, where the market was
closed to us, and through the Deutsche
bank and Messrs. Morgan, Harjes &
Co. Negotiations were practically
concluded for public subscriptions in
Germany. France and Holland, which
would have resulted in a large amount
of bonds being placed in those coun
tries. "On January 4, realizing that the
tension was growing daily and had
become serious, I addressed a letter to
the president, calling his attention to
the situation and representing that
the most important step was the re
storation of the government credit by
replenishing the stock of gold. De
tails of what was proposed were given
and assurances offered that the utmost
efforts would be made to procure for
the treasury 11,500,000 ounces of gold.
The reason given for the disso
lution of the syndicate is that the con
tract called for a bid of "all or none,"
and therefore Mr. Morgan was un
willing to make a bid under the pres
ent circumstances, as he might seem
to desire the secretary of the treasury
to throw out smaller bids made in
good faith under the public calL The
only emergency, in Mr. Morgan's judg
ment, which would justify such a
course, would be the failure of the
public to respond to the call of the
government.
The circular concludes: "I feel per
fectly satisfied that there is no ques
tion as to the success of the loan."
morgan's letter to the president.
The following is the text of Mr.
Morgan's letter to President Cleveland
on the 4th of the month.
! "Sir: It Is with great hesitation
that I venture to address you in rela
' tion to the present financial situation,
j As you are doubtless well aware,
; financial affairs are approaching a
crisis and the tention
treme; and whilst no
to-day is ex
outward evi
we are likely
dences have developed.
at any moment to reach the point and
! consequences which it will then be too
I late to remedy. The gravity of the
! situation must be my excuse. The
; most important step at this moment is
i the restoration of government credit
by replacing the gold reserve in the
treasury beyond question. This once
accomplished confidence both at home
and abroad in the stability ol our cur-
rency will be restored. After my recent
visit to ashington 1 became convinced
that any legislative action to improve
the methods at the disposal of the
executive was unlikely; in fact, impos
sible. I therefore took steps to ascer
tain whether it would be possible
to obtain the co-operation of parties at
home and abroad to an extent that
would enable me to negotiate a con
tract with the government for the eale
of 2 IK million ounces of gold, approx
imating 200 millions of dollars, on
about the basis of the contract of Feb
ruary 8, lt95. In this effort I have
been successful, and am now in a posi
tion to make such a contract for the
full amount. I do not hesitate to af
firm that such a contract would in ev
ery way be for the best interests of the
government and the people, would be
followed by less derangement of the
money market and of trade. In fact,
all interests, including foreign ex
changes would be benefitted. I urge
your serious consideration of such a
contract. At the same time I recog
nize the effect of legislation which has
been proposed and the discussions
that if after a conference; in1 which
I can more fully lay the
matter before you and without ex
pressing any confidence in such- a mode
of procedure in face of previous fail
ures of similar attempts, but! recog
nizing as 1 do that the responsibility
of decision lies with you I pledge-to
you every influence and effort in-my
pogrer to assist the government in its
effort to make successful a negotiation
by public advertisement which 'shall
result in a sale to the treasury of
II, 500, 000 ounces United States gold1
coin (8200,000.000) and further, I will,
so far as I possibly can, take such
steps as will enable the syndicate
which- T -3resent to join in making
the negotiation successful to its fall
amount.
"Awaiting the indications of your
pleasure 1 remain, respectfully yours,
J. Pierpont Morgan.
MILLS FOR SILVER.
The Texa Senator Declare Himself in
a Public Speech.
Washington, Jan. in. Mr. Sherman
secured the floor shortly after the ses
sion of the Senate began to-day and
presented an adverse report on the
bill prohibiting citizens of the United
States from accepting any titles, dec
orations, etc., from foreign nations
Mr. Seerman said there appeared to
be no need for the proposed legisla
tion and the consideration of the bill
was indefinitely postponed.
He reported favorably a joint reso
lution appropriating $75,000 for the
expenses of the commission engaged
ii fixing the boundary between Alaska
and British America along the line of
the 141st meridian of West longitude.
There was some objection to imme
diate considera-tion of the measure,
but on Mr. Sherman' statement that
the commission- now at work would
have to suspend operations unless the
appropriation was given, the resolu
tion was passed.
Mr. Mills of Texas, Democrat, then
took the floor in support of his resolu
tion, introduced j-esterday, concern
ing silver, bonds,, etc He spoke ex
temporaneously and was given close
attention. He first drew attention to
the long continued antagonism to sil
ver and the present lacking up of the
accumulation of silver in the treasury
vaults, clue he said, to the powerful
corporation influence in this country
claiming the prerogative of issuing
money to expand arjd contract as they
pleased. The National bank idea was
not a Democratic idea, the Democratic
policy favoring the retention by the
government and ths people of the
money-making prerogative.
Mr. Mills showed the expansions
and contractions of the eirculatioa
made by banks and said this system
was now-to be perpetuated by further
issues of bonds. He spoke about an
hour. At the conclusion, of his speech
Mr. Peffer took the floor on the bond
bill.
IN: THE VOLKSRAAD.
President Eraser Delay Leghvlatfao
Until. Tfext May.
Peetoria Jan. 16. The volksraad
met yesterday and authorized the gov
ernment to increase the state artillery
force by 400 men. A message was
read to the volksraad from President
Kruger to the effect that he intends to
discuss with the Hand in later and
calmer moments the cause which
led to the dastardly plot
against the state and govern
ment, lie was firmly resolved
the message said, to maintain the sa
cred rights and interests of the he-
public and to establish the same on a
firmer and securer foundation. The
brief sitting of the Volksraad then ad
journed till May. O wing to the ex
cited feeling among' the burghers,
calm and dispassionate legislation in
connection with the recent events was
considered impossible.
Dr. Jameson and the officers of his
raiding expedition and political pris
oners, numbering sixty, are still in
the jail here and are well cared for
pending the final decision between
Sir Hercules Robinson and the Trans
vaal government as to their fate. .
Bank Cashier AeqnitteO-
Chilli cothe. Mo., Jan lb In the
Circuit court yesterday the jury, by
direction of Judge Broaddus, rendered
a verdict of "Not guilty" in the case
of the State against Charles D. Hurx
thal, late casbier of the Hank of
Dawn, charged with receiving deposits
when the bank was in a failing condi
tion. Harrison Will Wed.
New York, Jan. 16. The state
ment was given out last night by a
close friend of General Harrison that
it was true the ex-President was to
marry Mrs. Dimmock, but that the
marriage would not take place before
Lent, and that a formal announce
ment of the engagement would be
made before that time.
Indicted for Embezzlement.
Berlin. Jan. 16. The trial of R. F.
Kneebs, the American horseman,
charged with fraudulently entering,
the mare Bethel in races under the
name of Nellie Kneebs, resulted in a
verdict of guilty. Kneebs was sen
tenced to nine months' imprisonment,
to pay a fine of 1,000 marks and. to
three years' loss of his civil rights. In
addition, the mare was confiscated.
Proceedings In the House.
Washington, Jan. 16. In the House
to-day the Speaker announced the ap
pointment of Mr. Allen of Utah to. the
committee on public lands in place of
Mr. Curtis, of Kansas, resigned.
Then on motion of WT. A. Stone of
Pennsylvania the house went into com
mittee of the whole on the pension
appropriation bill.
For Coast Defeases.
Washington, Jan. 16. Senator
Lodge introduced an. amendment to
the fortifications appropriation bill,
authorizing a popular 3 per cent eoin
loan for 100,000,000, the proceeds to
be used in providing for the defense
of the coast, for the manufacture of
guns and the erection of forts and
batteries.
Cherokee BUI Again Sentenced to Die.
Fort Smith, Ark., Jan. 16. Judge
Parker sentenced Cherokee Hill to be
hanged on Tuesday, the 17th of March.
Cherokee was once before sentenced
to death, but his case was appealed to
the Supreme court of the United
States, where the judgment of Ibe
lower court was affirmed.
PRAISE FOR GROVERI
THE NATIONAL BIM ETA LUST
PRAISES THE MESSAGE.
The Chief Paper of ' the Silver Advocates,
However,- I'oints Out th Inconals
tencies of the Situation- An Ably
Written Reply to ie Meagr4b
From the' National BimetallisL
Mr. Cleveland's message on the sub
ject of the Venezuelan- boundary line.
Iff a genuine American document.
Whatever may be thought of his course
on other matters, the- sentiment ex
pressed In thaU message undoubtedly
receive the heartiest endarsement of the
great body of th American people. If
Mr. Cleveland arbitrarily assumed that
England was wrong in her claim as to
the location of thertrue line, and withr-
cut acenrate knowledge bcespoused the
side of Venezuela,, the case woald be
altogether different But he simply"
recognizes the fact that thre is a-dis
pute between England, with' all of her
strength, and Venezuela with' all of her
weakness,.cncerning; a question which
involves -title to a, considerable-stretch
of American territory. If England is
wrong, and insists upon taking lands
that do not belong to her, it is; virtually
a conquest of America n territory, and
directlj- contravenes the Monroe doc
trine. But the president does not
assume that England's claim is wrong.
He merely considers that as it is a dis
puted point, she may be wrong".- If so,
Venezuela is powerless to resist, and
the two nations, do not meet on equal
terms. Therefore, while laying down in un
mistakable language the principle that
no European natifio shall encroach upon
territory belonging to an American, Mr.
Cleveland asks Congress to provide for
a commission to -investigate the-question
and ascertain the facts. If Eng
land is right, that ends the matter. If
she is wrong, the? "Monroe doctrine"
should be enforced if it takes the whole
power of the American Republic to en
force it.
The position of -England is not one
to be commended. The fact that the
dispute with Venezuela ha3" been al
lowed to drag along: for half a century,
indicates that her rights are by no
means clear. Her unwillingness to
submit the claim to-impartial, arbitral
tion tinges it with; strsptcion..
It is idle for people to intimate that
the President has some ulterior design
In the stand which he has now taken,
or that republicans are simply trying to
"out Herod" him for political effect.
Whatever the motive, the principle is
right and upon such a: question Ameri
cans are "Americans.' It is not likely
that there will be any war.. That Is
merely a remote possibility.
But there will be more or less of war
talk, and it is not practicable-to talk
"war" without some- discussion of the
sinews of war. In modern warfare
chief among these sinews is money, and
the question of our financial policy,
piesent and future, naturally comes un
der review.
What shall that policy be?' Shall it
be an English policy or an American?
Shall we continue to borrow money in
England to fight England with, or shall
we utilize our own resources- and pro
vide money for ourselves? Is there an
advocate of the gold, standard in the
United States who believes that we
could fight a great European war, espe
cially with England, and. maintain
specie payments on the basis of gold?
Is there an advocate of that standard
any where who believes that in the
event of such a struggle, senseless
twaaale about "sound money"" and
maudlin sentimentality about being in
accord with "civilized nations,"" would
do us any good?
The events of the last few days prove
more conclusively than volumes of ar
gument could, the utter unsoundness of
every stereotyped argument in favor of
the gold standard. That is a monetary
system consisting of a mere speck of
ellow metal' with a mountain of credit
resting upon it, which credit is liable to
collapse with, the most disastrous re
sults, at the slightest whisper of dis
cord. Think for a moment of the atti
tude of English financiers at the pres
ent time. The American government
announces, the time- honored doctrine of
"America for Americans' and instantly
comes th threat from England that if
we dare to lay a straw across the path
way of English aggression our credit
will be stopped and onr gold taken;
away from us. It is enough to make
the ears of every honest American tin
gle with shame. And what is worse.
Wall street shows its craven heart and
its cloven foot at the same time. The
leaders of thought in that money cen
ter are British in peace and British in
war, and it is simply because their
financial interests are with Britain
rather than with the United States. A
more humiliating spectacle- could
scarcely be imagined.
During the Civil War when the na
tion was struggling for its very life the
leading statesmen of the country
proudly proclaimed that we had
enough gold and silver in our rock
ribbed mountains to pay every debt that
might be incurred.
Scarcely, however, were we well
settled in the walks of peace when,
loaded down with indebtedness, both
public and private, we joined hands
with our greatest commercial rival and
greatest creditor to destroy one-half of
our debt-paying power.
Silver was demonetized, gold was al
most doubled in value, and the debts
of this great nation were made payable
upon that appreciated basis. Our coun
try sold in foreign lands much more
than it has purchased. We have sent
abroad hundreds of millions of dollars
more of silver and gold than we have
Imported. "We ought to have an enor
mous balance in our favor as a nation.
But Instead of such balance, our foreign
debt has gone on increasing year after
L year, until now It Is at least $$",000,000.--
I 000, and possibly $7,000,000,000, all pay
able in gold. The country has been al
most bled to death by foreign shylocks,
aided by their Wall street lieutenant's,
anvj- the American people have sub
mitted blindly and innocently in the
name of "honest money." A war with
England would be a dreadful thing.
That country is rich, she has an un
rivaled navy, a superior army, and
none will deny that the Britons are
brave and determined fighters. Sorrow
and desolation would be carried Into
thousands of happy homes on both
Bides of 'the Atlantic; But in the end
the Stars- and SCripes -would wave In
triumph over every British possession
north of the United States, and Ameri
can political and financial Independence
would march hand in hand.
ALL ARE UNITED.
AJl the Natloaal' Silver Organizations
Amalgamated for' Work-
For some time past negotiations
have been pending for at complete
consolidation of. the American Bimetal
lie League, National-Bimetallic Union
and the NationaTfSilver-Gomraittee, the
three principal f-ilver organizations in
the United Staters-representing all sec
tions of the country. Last week these
negotiations culminate-i in an agree
ment by the representatives of the re
spective organizations by which snch
consolidation has been substantially
perfected. Nothing now. remains to
be done but a ratification by the ex
ecutive committees of these organiza
tions, each acting separately, which
will speedily follow. -
The consolidated organization will
be known as the American Bimetallic
Union. Its principal office-and general
headquarters will be- in Chicago at 134
Monroe street, in the offices occupied by
the National Bimetallic Union,, with
branch offices in Washington, San
Francisco, and perhaps in. other cities
both north and south.
It Is the purpose of the united organ
ization to press the campaign of educa
tion on behalf of bimetallism with the
utmost vigor in all parts of the coun
try. The silver leaders aru very much
elated over the course of recent events
and believe that combinations may be
made, as a result of ' -which bimetallism.
which means the complete restoration
of silver to free mintage and full legal
tender, will be ac.omp.lished not later
than 1S97.
The union of the different organiza
tions which have heretofore acted In
dependently is regarded as a most im
portant step to- that end. A
conference of ' pronounced siler
men of a highly representative char
acter will be held a.t Washington on
the 22d of January, when a plan of
action will be outlined which will
doubtless have a very important bear
ing upon the political . events of. next
year.
BUSINESS MEM.'
They Do ot Know Kverytliinjr A boot
the rin:mlal Ouestlon.
Mr. John A.. "Jrier, ex-chiaf engineer
United States navy-;, delivered tht
principal address before the Loyai Le
gion in Chicago last Thursday evening.
It was a superb effort and the closing
portion a magnificent and eloquent plea
for an American merchant marine com
mensurate with the- greatness and dig
nity of the American republic
We are reminded by it that Mr. Grier,
like nearly, all careful, students, is a
strong advocate of. the complete restor
ation of silver. Few. men have a more
extensive or accurate knowledge of the
subject than he, or have written more
intelligently concerning it.
But it matters not how able a man
may be, . how careful, thorough and
conscientious hss. study of the subject
may have been, let him espouse the
cause ot bimetallism the constitution
al money, of the cenntry and every
little acglicisod dudo in Naw York and
Boston will, instantly pronounce him a
"crazy, fanatic." And the country is
full of strong, common sense business .
men jWho will echo-, the ery for no bet- -ter
reason than that they have not
studied the question, and knw nothing
of it. There are urifortunately too
many men who pose upon the assump
tion that they understand the money
question merely because they are "busi
ness jnen," No man can understand any
question without studying It, whatever
his calling may be.. The great difficul
ty with our business men, generally,
is that they allow their bankers, to do
their thinking for them, and the great
majority of. bankers draw all of their
inspiration from a common sou;ce. Mr.
Griej is to be congratulated on his
splendid essay. He is a good man de
serving of all success, and a most valu.
able aid to the cause of bimetallism.
THINK THIS OVER.
Create a Demand for BUver and I,
priee Will Knbaace.
Legislation has increased the demand
for gold and the demaad has raised the
price of gold.
Legislation can increase the demand
for silver and the demand will raise
the price of silver.
Secretary Carlisle says Uncle Sam haa
lost $102,000,000 trying to maintain a
parity between gold and silver.
Give gold and silver an equal chance
In the mints, and the parity will take
care of itself. There can be no parity
of the two metals while the govern
ment pays out only gold.
All debts of the government are pay
able either in gold or silver. If Secre
tary Carlisle had paia out silver, the
people's money. Uncle Sam would have
saved all that vast sum.
The states, under the constitution, re
served the right to make gold and
silver full legal tender for all debts.
What right has the Secretary of the
Treasury to stop the coinage of silver
and deprive the people of their consti
tutional right? Cleveland (0.) Sun. t