The Nebraska advertiser. (Nemaha City, Neb.) 18??-1909, October 16, 1896, Image 6

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    S3
MORTON ON MONEY.
Tho Secretary of Agriculture Talks on
Finance for Farmers.
Secretary of Agriculture .7. Sterling
Morton spoke nt the Auditorium, Chi
cago, on the evening of Friday, October
I), on the money question. The speaker
confined IiIh iittentiou more particular
ly to the farmer and lib interests and
vnrinly advocated a sound currency.
After the customary Introduction and
u warm greeting Mr. Morton said:
"Farmers who thlnlc know that money Is
tho only thing in this world of sweating
acquisitiveness which men compete for
which never confers any honellt upon Its
owner until It leaves him. Unused money,
unloaned money bestows no more value
upon Its owner than an uneaten meal can
glvo of pleasure or nutrition. A little ro
llnetlon makes It plain, therefore, that
tho farmer and tho Chicago pucker, wngo
'tirner, mnnufaeturer and eapltullst aro
equally Interested In circulating a kind of
nionoy which, when they let go of It, will
buy them the most satisfactions either at
homo or abroad. Those who buy of farm
ers the foodstuffs which they raise, and
nell I ho same farmers money, should un
derstand that wise farmers dcslro to buy
only tho best money money which, llko
good pork, beef and cereals will pass cur
rant in all markets. And as there has
never been any complaint about too good
wheat, too good beef, too good pork, or
too productive a farm, so there never can
he, from correctly reasoning men, any
omplaint about too good a dollar, too
j;ood currency or money. A dollnr with
too much purchasing power Is as Impossi
ble as a s(tiaro meal with too much nu
tritive power, an acre of land with too
much prodjctlvo capacity or an advocate
of popullstlo schemed of ilnanco with too
much logical ability. When humanity be
comes too good for Heaven, money may
ticcomo too good for the Industrious ami
capable farmers and wage-earners of
America, but not before.
1'oor vm. I Ito Klch.
"Candidates of populism In this cam
paign Incite tho poor against tho rich.
They array the thriftless and indolent
against tho frugal and Industrious. They
antagonize tho moneyless with those who
Jiavo money. Kloeutlonlsts of moro or
less brain and vocalizing power are do
Jiounclng men who have- a million or more
dollars as dangerous to tho poor.
"Hut who aro to-day the millionaires, In
Chicago, for Instance? Forty-two years
ago, In October, 1831, when I settled in Ne
braska, one of tho ablest and most philan
thropic or the present llnanclers of Chi
cago was a traveling salesman. His re
cent donations to establish for 'the plain
people an Instructive and useful muse
um aro of criminal magnitude, according
to tho declamatory deluslonlsts of sliver
ycnthncntuIlHiu, Have those dollars gen
erously donated for tho educational rcilno
iiiont of tho people purchased too much?
"Another Chicago llnancier was ut that
time a California miner delving for gold.
To-day IiIh bonollcenco to plain people
adorns your streets with free chapels and
tree Institutions of education,
ltitrnl Discontent.
"But wo aro told that tho farmers 'are
allscontontcd and distressed.' And orue
tntory orators say all this comes from the
unsatisfied demand for more money and
Mggar prices for farm products. Hut
theso economical oracles confound terms
Mild make dcslro and demand synonymous.
.Nearly all men desire moro money. Hut
mo man can make a lawful demand for
.more money, except ho offer some valuable
iln exchange therefor. Going over tho fruit
ful states of the northwest, ono may see
many attractive and productive farms
which ho can hardly help desiring, though
ibis ready money may preclude his demand
ing any of them. Hut wo aro told that
money of tho gold standard has too potent
a purchasing power, and buys too much
of ho products of theso farms. Why, then,
ilo tho farms themselves constantly en
lianco in value? And If-as has been
tated by the. highest authority of popu
llstlu candidature 'the dollar which rises
In purchasing powor Is a dishonest dol
lar,' why Is not an aero of farm land with
which ono can to-day buy $50, and with
-which one could 30 years ago buy only
,dvo dollars, also dishonest? And is an
-tiere which in New England was capablo
. CO years ago of purchasing $50 and will now
buy only ten dollars an honest acre of land
.because loos dollars and therefore poorer
.peoplo can buy It now than then? If dol
lars grow better for tho plain peoplo as
they diminish In purchasing power of
ilund, is not laud better as It declines In the
ij-urchaslng power of dollars?
Lower Prices.
"'As to tho law of lower prices In commod
ities: It Is natural and constant, and not
harmful, owing to tho superior facilities of
production, through Invention, cheaper
.-.transportation, a better knowledge of ag-o-lculturo
and moro skill all tho time to make
available In production of all tho free forces
of nature. Nature works for nothing. Tho
ju-lco of products goes down In conso
quenee. Hut nature's forces can do noth
ing unless combined with mun's efforts,
In prices, therefore, now absolutely ro
dured, wages tend all tho time to a larger
olement thun what goes out of the same
lower prices to tho capitalists. Tho only
onerous elements In production are labor
And capital. Out of tho lower prices wages
j;ut a larger and larger proportion and
capital a less and less per cent. This law
jierfectly accounts for steady, or rising,
rales In wages, while prices aro going
down. And whllo prices are thus percept
ibly docllnlng, and farmers and other cap
italists are getting less prollts than before,
are they not naturally and fully compen
sated by cheaper commodities to buy, and
-wldor markets to sell In?
"From my economic standpoint of view,
theiu cun bo seen In certain legislation of
tho last 30 years a potent primary cuuse of
the present conditions of discontent. Hut
it is not necessary to talk about that at
this time.
Good Money or llutl?
"Tho question to-day is: Which shall
furmers and all good citizens of the United
states maintain und circulate honest
money or dishonest money; good money or
bad money?
"Henri Cernuschl, recently deceased, and
long known as ono of tho lending blmotul
ll&ts of Europe, said:
" 'Tho melting-pot Is tho test of coined
money, and that which loses value In
melting Is bad money and that which does
jnot is good money.'
"Farmers and all other senslblo folk
should demand, when they buy money
v ith their products or sorvlc.J, the high
est standard and quality of money. And
if gold and silver aro to bo coined freely
And In unlimited quantities by tho United
titutes, thou equity and honesty must in
sist that: , ...
" 'Any quantity of either metal In tho
form of bullion must bo of exactly tho
o'ime vrduo as tho samo quantity of tho
name intuil In the form of coin.'
"But if the unlimited and free coinage of
silver at tho unphllosophlcal, illogical and
false ratio of sixteen to ono Is to bo In
stituted and silver thus mado u legal ten
der at a mint and coin vuluo which Is twice I
its bullion value, this basic principle of
rightful colnugo will have been abrogated
nnd defied. Under the operation of tho
(Iroshnin law, gold will disappear from
tho channels of American commerco and
silver will take Its place. All that wo sell
foreigners will bo paid In Bllver, and all
that wo buy from thorn will bo paid for
In gold, and wo also will pay tho premium
on Hint gold. In short, we will be mone
tarily iMcxIcanlzcd, and no class will suffer
so great a proportion of tho calamitous
loss which this will caitso as American
farmers.
Money and 1'rleos.
"My views aro thoroughly In accord with
thoso expressed by Mr. J. Hchoenhof In
his very valuable book on 'The History of
Money and Prices.'
"Tho quantity of money In circulation
does not determine prices of products nnd
commodities. Prices go up or down be
catiso of inherent qualities In commodities.
The conditions regulating prices are de
termined by tho forces engaged In pro
duction and distribution. Manufactured
articles havo declined In prlco during tho
last flvo years on an avorago of about HO
per cent. This dcclne Is tho result of econ
omy In production. Science has made la
bor moro productive. Tim yield per day of
Individual effort, In many branches of agri
culture, Is three, four and ten times that
of former periods. Yet wages havo dou
bled and sometimes trebled, whllo tho
purchasing power of money has been either
stationary or Increased In a much less de
gree. Prices have declined and wnges
risen logically becauso of this develop
ment of Improved production. High wages
and low prices are copartners. They faith
fully represent tho Increased skill and
productlvo power of the wage-earner.
ItlaiiiCM Overproduction.
"And tho guardians of tho gate said:
'Why, don't you understand why this Is?
you produco too much. Produce- fewer
shoes laughter and tho children will have
more shoes to wear. Produco less bread,
arid tho wives and mothers will havo more
bread to eat. Laughter. And another, a
gray-haired old man, who came to tho
guardian of tho gate, said:
" 'All my lifetime I have been building
houses, and now In my old ago I am shol
torlcss In the laud, and there aro thousands
of empty houses.' 'Why,' said the guard
ians of the gate, 'of courso you built too
many houses; you should have built few
er houses, and you and yours might have a
house.'
"Then some one said: 'This Is wrong; lot
us widen tho gates again to their former
width.' And all tho guardians of the gate
said, with agonizing mien: 'Anarchy! De
struction to tho land. Applauso.l If you
widen tho gates, you will mako the pillars
so weak that tho arch will fall.'
"Hut a now king came to tho crown. Ills
father was of tho royal race, but bis moth
er was of tho people, and she had selected
for his wlfo tho fair maiden Justice. And
ho said In his coronation speech: 'Tho gates
shall bo widened to their former width, nnd
ono pillar shall bo of gold, and one of sil
ver cheers, and tho arch shnll bo as high
as the needs of the peoplo require, and
there shall bo ample measurement for all
product of human toll, and whllo ono hu
man creature needs what another human
creature shall produce thero shall bo no
such word as overproduction. Great ap
pluuso. Then, if it bo anarchy to put
shoes upon tho feet of little children and
to glvo brend to men nnd women who are
hungry, and to put roofs over tho heads of
nil peoplo If that bo anarchy, then mako
th most, of It.' Prolonged cheering and
waving of banners.
RoTorm Comes from lhu I'ooplo.
"My friends, tho manner In which this
question Is being treated by tho peoplo of
(ho United States is a demonstration that
onco mote, as In utmost every generation of
our history, God Almighty Is touching tho
hcait of tho people of tho United States of
America. Applause. It is tho history of
all governments of tho people that as lime
passes on and as men grow In power and
in wealth and In the grandeur of high olll
clal position, and in their tendencies and
m their policies they depart from tho level
and Interests of tho common people, It Is
tho history of all free government, I say,
that Just 30 often ns that happens, tho
peoplo must reform the state, lest It perish.
"1 know you ure not deceived Into the
belief that thl3 Is a silver miner's ques
tion; Just two propositions taken from the
other sldo Bottle that. On ono hand they
tell you that you aro to have a 53-ccnt
dollar, and, on tho other hand, they tell
tho silver miners that If they get free
coinage they are to realize a hundred-cent
dollar out or It. Laughter and applause.
I will tie these two propositions by the
tall, and hang them over a lio llko Kil
kenny cats, and let them scratch out each
other's eyes. 'Good,' und laughter.
Why. don't you know ovcry silver-producing
state In this country Is also a producer
of gold, practically to an equal amount
with Its silver production, and that the
higher you enhance and appreciate the
power of gold tho moro It Is to tho Interest
of Hicbo states to havo tho gold standard
maintained? A voice: 'The government
doesn't back the gold dollar any moro than
tho silver dollar.' And wo don't ask It
to back tho silver dollar any moro than It
backs tho gold dollar. Applause. What
we ask It to do Is what It did in the days
of tho past, glvo free access to tho mint
to both gold and sliver, and pay Its obliga
tions In either at the option of tho govern
ment. LOreat applause. When It pays
In silver, under existing conditions, It pays
a dollar that will buy as much as n dollar
would when tho debt was Incurred, and
when It pays In gold It pays in u dollar
that will buy twice as much as when tho
debt was Incurred. And what makes tho
difference? It pays In tlesh and blood, and
In the manhood und womanhood of Ameri
can, to make up tho difference. Long con
tinued npplause.
"What wo all shall insist upon Is that
tho Shylock shall take only his pound of
tlesh, nnd not one drop of Christian blood
attached. Renewed applause.
Says Money In Cornered.
"What would you think of a farmer who
got up a corner on wheat, and then, after
ctealthlly knocking out oats as an optional
soltlcment, should compel payment to him
In unobtainable wheat, excopt tho fabu
lously dear article which he had mado
so by cornering it? Applause. That Is
exactly parallel with the money facts of
this country. Promises were mado to pay
In either gold or silver and necessarily
ao, as competition must prevail in money
us elsewhere and then tho rich, to whom
theso promises were mado, gathered to
themselves all tho gold thero was In the
world, or had a string on It all, and thon
ihuy Insisted on striking out tho sliver
clause from nil contracts. If tho Roths
childs alono should foreclose their mort
gages In gold, they could take the whole
world, and ask us to get off It. Great ap
plause. "You remember oneo when peoplo wore
condemned to mako bricks without straws
as wo aro now and at last there uprose,
appointed by Providence, a mighty man,
and led thorn out of their desolation, and
plagues were showered upon tho captors
thut enslaved them. Yes, old Moses
blessed forever bo his example to all ages
of tho down-trodden! rose und led tho
peoplo nway from Ugypt, and when they
mine to the Red sea, and Pharaoh was be
hind them, and the sea was In front of
them a rase, Indeed, of tho devil and tho
deep briny Moses cried aloud abovo tho
niurmurlngs: "Stand ye still, O Israel, nnd
behold ye the power and salvation of God 1'
and lo and behold, as ho yet snake, tho
waters leaped up with foam of wrath and
vengeance, and overwhelmed Ilarma and
all his hosts. Applause. My friends, a
gi eater than Moses, a man born to mako
Illinois yot greater In the annals of eternity
than over slio Is at present, Is marshaling
you Into tho Promised Lnnd, nnd William
Jennings Uryun is his name. WlU'cst ap
plause, "I saw tho grand parade to-day, andsomo
of tho men who marched In it were free,
because they hoi o banners saying that they
were free, and of course, that settled It.
Laughter. What a reflection upon Amer
ican manhood that when ono marches
through tho streets of Chlcogo he must
carry a banner to pay I am frco.' De
rlslvo shouts. The first time In Amorlcan
history that free men had to wear badges
to show they were frcol Immonso ap
plause. I much do fear It was master's
money that paid for painting tho (lags.
"My fi lends, they charge us with teach
ing anarchy. Kxamplo Is better or worse
than precept, and I could harrow your
souls with Individual casos of the poverty
made desperate by our criminal llnanclal
system, which ends In crimes Inevitable,
however unjustlllable. I warn the supremo
egotists who are bringing conditions upon
this land, which, unless arrested betimes,
will make of- men anarchists. Great ap
plauso.l I say solemnly, as on the ovo of
a mighty crisis, to the men who taught us
that work and wages were necessary ele
ments In good Amcrlcnn citizenship,
to beware how you lnculcato the
contrary doctrine. Tho people of
the United Stntes have learned
that the men shnll toll to support tho
women and babies, and beware how you
bring down to begging the purchase prlco
of bread. You who taught that a cheap
coat makes a cheap man, beware how
you teach that tho peoplo of America
should wear cheap clothes. Applause J
"My friends, as a republican, standing
here to-day, I pledgo myself, If I am alive
and well yes, If I have to be carried In a
litter to vote for the man who represents
the Interests of tho American home. Amer
ican manhood and American womanhood,
William Jennings Hryan. Cheers
Turin Mortgages.
"Tho following facts regarding farm
mortgages are from tables recently com
piled and heretofore unpublished:
"Tho mortgago Indebtedness on the farms
of tho United States Is very little more than
one-sixth of tho total mortgage Indebted
ness of the country, even after wo exclude
from the latter the mortgage Indebtedness
of railroads and other corporations.
"Of farmers owning their farms, 71.7S
per cent., or nearly three-fourths, hold
them free of Incumbrance. Only 2S-! farms
out of every 1,000 occupied by their owners
ure incumbered.
"Of tho 2S.22 per cent, of farmers whoso
farms are mortgaged, three-fourths ex
pended tho amount borrowed in tho pur
chase of improvements of their farms.
"Tho farms of the North Atlantic di
vision of states arc more heavily Incum
bered, relatively to their value, than thoso
of any other division. Now Jersey stands
at the head, and while its farm mortgago
debt represents 49.G1 per cent, of the valuo
of tho farms Incumbered, it amounts to
only 1C.17 per cent, of tho total valuo of
ull the farms of the stato. Similarly, whllo
tho farm mortgage Indebtedness of tho
stata of Illinois Is 31.(13 per cont. of the
value of tho farms Incumbered, It rep
resents only 7.31 per cent, of the total
value of all tho farms of the state, the
Milues being In every enso as reported by
tho farmers themselves.
"Tho total amount of mortgage Indebted
ness upon the farms of this country occu
pied by owners, and upon acre tracts that
are 'not farms, equals $2,209,14S,-131, which
amount represents about 1C per cent, of
the total valuation of farms in the United
States In 1SS0. Hut deducting from tho
above amount tho sum of vl,123,lG2,471,
which represents tho mortgage Indebted
ness upon acre tracts that aro not farms,
and we Und that tho real and actual farms
of this republic aro mortgaged for just
$i,0M,ti93,!G0, or only about eight por cent, of
their value.
"The advocates of cheap money lay great
stress unon the fact that It takes moro
bushels of wheat or other cereals to pay
...v u ..m.Min, r9 tfirtuik inrt)mr( tiniv I
OIL IMU lllliui.ill. J. ntw" .... .nn - '
than would havo been required to buy tho
sumo number of dollars when tho Incum
brances were Incurred. Hut tho fact
that It would also, In most cases, take moro
dollars to buy the land now than It did
when the land was purchased, Is not men
tioned. Hetween lbSO and 18D0 tho valuation
of ull property In the United States rose
from $ia,G12,OU).O0O to $05,000,000,000 a gain
in ten years, under the gold standard, of
over $21,000,010.
"Nor do the fervid pleaders for cheaper
money, with which to pay oft tho obliga
tions of the debtor, glvo tho land any credit
whatever for having subsisted those who
occupy It, nor for tho fact that the land is
being paid for out of tho surplus products
which are unnunlly sold from it."
An 31khurtan who was in Shipshe
wunii the other day and asked where u
certain man lived, was directed to a
ni.rtiiiii road, with the further informa
tion that his house was distinguished
by u portrait of Uryun in the window.
"You can't make a mistake," added the
fanner, "for it's the only Uryun picture
in the township. There's no one else
In this township for him." Elkhart
(Intl.) Review.
While Bryan was studying up "a
tariff for revenue only" that did not
niise a revenue, and moving American
workshops to Europe, Muhlinley was
studying home markets and the value
of home manufactories to labor. The
people see the difference. It is no won
der Uryun wants to "keep protection
out of the canvass." Chicago Inter
Oconn.
The country might have some confi
dence in Mr. Bryan's professions of hos
tility to trusts if Mr. Uryan were not
the authorized representative of the
biggest trust in America. After mak
ing more than "00 speeches in favor of
this great aggregation of capital it Is
rather brn.uu in the young man from
the Platte to utter a sweeping denun
ciation of trusts. Kansas City Jour
nal. For a man who possesses such confi
dence in his election Mr. U'-yan is wast
ing considerable time telling what will
happen in case lie is defeated. Wash
ington Post.
LETTER FROM CLEVELAND.
Tho President oivrs Ilia Reasons for Nol
'Juicing Part. In tho Campaign.
Chicago, Oct 10. Secretary of Agri
culture .1. Sterling Morton spoko at
tho Auditorium last night under the
auspices of tho Sound Money league.
The hall was filled to the extent of its
beating capacity, and when Secretary
Morton appeared upon tho platform he
was greeted with loud and enthusiastic
cheers, Before beginning the address
Secretary Morton unnounccd thut tin
invitation had been sent to President
Cleveland requesting his presence ut
tho meeting. Mr. Morton then read
tho president's letter regretting his in
ability to be present, whioh was aa fol
lows: I am so much Intonated in thr work which
tho Amorlcan IIonot Money lcngt,e has under
taken that I would be glad to do anything 1
consistently could to aid its efforts. I rej?rot,
therefore that I must decline your Invitation
to address tho lenguo on somo dnto previous
to tho approaching election. Uvea If tho pres
sure of olllclal duty did not prevent. I should
hardly doom It consistent with strict propriety
to mlnglo actively in tho ponding campaign.
Whllo it is Impossible that any of my
follow-cltlzcns should have tuo least doubt as
lo my sentiments on tho vital question which
at this time absorbs so largely tho attontlon ol
our peoplo, tho work of udv.inolng sound llnan
clal Ideas and tho lubor of enforcing tho Icr
sons of public and private honesty and moral
ity I fool must bo prosecuted without such
participation on my part as you suggest.
Wishing for the lcagco tho utmost success In
Its patriotic ondoavor, I nm, very sincerely,
Gnovim cmjvkland.
SOLDIERS PENSIONS.
A Decision of Interest to Inmates of Jloniei
for Disabled Veterans. ,
Dies Moinks, Itu, Oct 10. The state
supremo court handed down a, decision
in the celebrated soldiers' home pen
sion case yesterday. Tho caso was
from Marshall county, whero the sol
diers' home is located. It hnd been
decided by the trustees of the home to
retain, from tho pensions of inmates
of the homo who had no dependent
relatives, all their pension money in
excess of 0 a month. The inmates
took the matter into court, and Judge
JUndman, in tho district court,
hold that the trustees had no right
to interfere with pensions, and ordered
them to refund to the inmates nlltho
money taken from their pensions. A
permanent injunction was issued, re
straining the trustees from enforcing
the rule. Tho case is completely re
versed by tho higher court It holds
that the state is providing for the
maintenance of the old soldiers who
are in the home, and that it would be
a manifest injustice to require society
to support them twice, once with their
pensions and again with tho facilities
of the home.
WANT A SCHOOL.
Indians Appropriate, KSUn.OOO for a Modern
Industrial Hoarding School Hulldlng.
Washington, Oct. 10. On tho Kiowa,
Comanche and Wichita reservations
there arc a largo number of children
unprovided with proper school accom
modations, and through their agent,
CaDt P. D. Ualdwin, they have practi
cally evinced their interest in educa
tion by appropriating S2f,000 of their
own money for this year, to supple
ment an equal amount from the gov
ernment for the erection of a modern
industrial boarding school building, to
care for 200 or 300 children. Tho site
for this plant has been selected and
plans aro now being prepared so that
the work may begin at an early date.
Owing to the dilapidated condition of
tho Washita school buildings and their
hnd location that school bus been aban
doned. DON'T WANT OUR BEEF.
(ermau Government Promulgates Now
Kule.s Against It.
Washington', Oct. 10. According to
unofficial though trustworthy infor
mation received at the department oi
agriculture tho German crovernment
has followed up its prohibition of the
importation of American dressed beef
and live cattle into Germany by
a new regulation which practi
cally shuts out American canned beei
from the German markets. Canned
beef was not included in the iirst
prosecution, and considerable quanti
ties of it continued to be sent to the
German ports. Recently, however, a
new order was issued rcquirincr that nil
canned beef should be inspected. Aa
compliance with this requirement
means tho opening of tho cans contain
ing the meat, tho order is a practical
Inhibition.
Another Nebraska Dank Itnbbod.
Omaha, IScb., Oct 10. A special to
the Bee from Brainard, Neb., says:
Tho Brainard hank was practically de
molished by burglars, who attacked
the safe with dynamito. Cashier Smith
engaged in a battle with tho burglars
and drove them away. No money was
lost, but the sufe and building are
wrecked.
Ktnbczxled Sixteen Thousand.
CoitN'iN'O, la., Oct. 10. --C. T. Cole,
cashier of the National bank of this
city, has boon arrested by tho United
States marshal on a charge of embez
zlement Tho bank was forced to sell
its business last week to tho First na
tional bank. Tho detleit is about
S10.000.
President Iteturns to the AVlilto House.
Washington". Oct. 10. The. big Jlag
floated over tho whlto house yesterday
for tho first time since Juno 30, and
announced to' the 20,000 government
officials and clerks hurrying to tho var
ious departments that tho chief execu
tive had returned from his 101 day's
vacation at Gray Gables, oa Buzzard's
bay, Mass.
REVIEW OF TRADE.
India Taking American Wheat Unusually
X,urgo I orclgu Demand for Corn Tits
Failures.
New Yonic, Oct. 10. U. O. Dun,&
Co.'s Weekly Ileview of Trade says:
Distinctly hotter conditions of trado havo
appeared of lato and aro reflecting In soine
wliut larger employment of labor, in larger
transactions nnd In couttnuod buying of mate
rials for manufacturing. A groat part of tho
change is duo to thoso restloss laws of supply
and demand which tako wheat whoro It is
wanted und gold whoro It is wantod. India is
waiting for cargoes of wheat on tho way from
Pacific states, Just ns Australia nnd South
America wore not so long ago. Tho surplus
usually uvatlablo soon disappears und tho sur
plus from Hus.sla and Kuroponn countries Is
roducod, according to lato estimates, 75,000,000
bushols.
Happily, this country has a supply which
ofllclal accounts have not correctly measured,
Ifnctual movements do not greatly mislead.
Western recolpts for tho week wero 7,219',0(!0
bushels, ncalnst 7.3d, 174 last week, nnd this
follows an increase of 1J.OOJ.000 bushels In ro
oolpts during tho quarter ending September 3).
Atlantic exports. S,000.071 bushols, Hour in
cluded, for tho week, against l,707,0i0 lastyenr.
ore not yot so largo ns to forco prices upwnrd
If Kuropoan buying based on Kurofcan needs
did not control our markets.
A foaturo of largo Importance, too, Is tho
unusually largo forelun demand for corn,
which is a rnroiy falling sign of dollelont crops
abroad, whoro other grains nro used lnstcnd
when wheat becomes scarce and denr.
Failures for tho wcok wero W0 In tho United
States, nalnst203 lust year, and 10 in Canada,
against 63 last year.
FIRE AT CORNING, IA.
Two Huslncsft Hlnc-lcs Hurned, Causing a
Loth of S200,000.
CoitKixo, la., Oct. 10. Two of Com
ing's best business blocks wero en
tirely wiped out by firo yesterday morn
ing. The blaze originated in tho II. J.
Reinold's elevator. Tho flumes mndo
quick work of this and spread to two
box cars in the C, U. & Q. yards.
When ono of the cars was utmost con
sumed it was discovered that an un
known man had either perished in tho
flames, or had been murdered and
placed there by tramps.
The city firo department was unablo
to cope with tho lire, as tho boiler at
tho water works station was not in
shapo for work and was undergoing
repairs. When the elevator was burned
and tho burning mass was well under
control, most of the citizens went to
their homes, but wore immediately
called out again, as a strong wind had
arisen and another fire started. In
less than two hours, the two best
blocks wore in ruins and 8200,000 worth
ai. property had been destroyed.
A BLOODY TRAGE D Y.
Driven IiiKaiio by I'oor Health a Man De
stroy III Kntlro Family.
Norii.Esvii.r.E, Ind., Oct. 10. Albert
Bray, asred 39, a prosperous farmer and
a very religious man, cut ther throats
of his wife, his nine-year-old son Carl,
his two-year-old daughter Edna and
himself. Tho crimes were committed
between midnight and daylight yester
day morning, five miles north of here.
The wife and children died without a
struggle, but Bray, with a gaping
wound in his throat two inehos deep
and six iuches in length, lived until
noon without regaining consciousness.
The work was done with a razor, with
which ho used to do his own shaving-.
Both Bray and his wife have been in
poor health. Bray procured a Inriro
hand ax and crushed the skulls of his
victims after ho had used the razor
upon them. Bray, owing to sickness
in his family and somo iinancial em
barrassment, lost his reason.
A DESPERATE BANDIT.
Ono of the Kobbcrs of tho Minnesota Dank
Suicides "When Cornered.
Minneapolis, Minn., Oct 10. Tho
story of tho robbery of tho bank of
Sherburne ended tragically yesterday
when .1. D. Snir,onc of the pair of mur
derous bandits, when all but captured,
killed Marshal Gallion, tho leader of
his pursuers and, bunding a bullet
into his own brain, fell dead at tho
feet of tho murdered marshal's posse.
Tho daring robber had shot his way
out of a farmhouse surrounded by ofli
cers and would havo made good his es
cape but for an accident to the bi
cycle ho rode. The other participant
in Wednesday's robbory is believed to
bo under arrest in Jackson, Minn., and
almost tho entiro amount was recov
ered from tho body of tho dead man.
Iowa's Seml-Centennlal.
Burlington, la., Oct. 10. Tho eight
days' celebration of the semi-centennial
anniversary of Iowa's statehood
closed last night in a blaze of glory.
Tho beautiful parade of King Ilistor
icus was repcatod with even grander
accompanj'ing pyrotochnic displays
than on tho previous night. The cele
bration has been a coinpleto success, it
being estimated that nearly 200,000
persons attended tho various exercises
in the eight d.ays.
A Prisoner Keeps His Threat.
VlCKsnuito, Miss., Oct. 10. The
Jasper county jail burned at Paulding
during last night, and two prisoners,
E. A. Strickland, charged with forgery,
and Mollio Daniels, a crazy nouress,
wero cremutt'd. On Tuesday night
Strickland ' pped a note out of tho
jail 'w v in which ho stated that
un". j opium was brought to him ho
would burn tho jail. Ho kept hia
word.
Killed Himself Kather Thun Marry, q
Washington, Oct. 10. Uilhud V.
Itaglund, a messengor in tho treasury
department, appointed from Goliad,
Tex., committed suicide Thursday
night by inhaling gas. He was to havo
been married in Atlanta next week to
a young woman from Dallas, Tox., but
for some reason changed his mind and
rather than tell his intended that ho
was not in a position to marry ho killed,
himself.
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