SILVER PLATFORM ED AND CHICAGO adopted by CONVENTION. s,t Forth Their Demand* 11U .-or.1* —»!»•«•*»■ »“d '‘"..noted From the CoDKre**tui» ;;‘o, auT.>vor of surer. V P>'c ■r in A,,,r. 3.—The national con* VC',f "the American Uimetallie 1 °.t in this city August 1, and ,e was larger than that ‘ vious assembly of like the history of financial Ait the prominent Bilver from cv. ry section of the v,,r; present. Stirring ' ,vt.ru made by United States stowurt of Nevada and Allen '"'iriska. Governor Waite of 1 ' X v. l’oxvderly of the i Labor, Ignatius Donnelly General A. J. Warner of Va-Sideut of the league, and ,iiers The convention was two davs with over 800 consisting of Democrats, * leans and Populists. Allen W. ,,, 0{ Ohio, son of ex-Senator ! n ,vas permanent chairman, niuivin" platform and address ananimouily adopted by the litiou; v,,s bimetallism is as ancient as to , inrv for certainly more than 3,000 ; ,1 -.nd silver cume down through the in 1 in hand, their relations to each oth i varied but a few points In all that i'uulof time and then almost invariably hVodslation; and _ .’.Is The two metals nre named togeth* so'uU'lv united, in the constitution of i, >.]* states as the money standard of it this country, placed there by George , . jn Thomas Jefferson, John Adams, vr Hamilton and their associates and i'"1 ntlv indorsed and defended by An ulison and Abraham Lincoln; «Ha, ‘.... silver, one of these ancient was in the year 187-i without any pre* (lemiTul by any political party and by ,rt of the people, or even by any news “,IH1 without public discussion, stricken rom the place it had occupied sinco the „Y Abraham, under circumstances of «(‘crecv that Allen G. Thurman, jjpck William M. Stewart, Daniel W. tvs James G Plaine. then speaker of ■so James A Garfield, William D. Kel ' others present and voting for the bill. ^ or representatives, publicly declared ■lt'v did not know until long afterward > rave and groat a change had been U. the financial system founded by the i of the republic: and. r,.;H, The debates in congress show that in'ntWe of tho measure was in part i a bv the friends of tho bill, to ono t jieytl. a London banker who, it is ,i was sent over to Washington by the , [\ class of the Old World to secure its by secret and corrupt means: and ■ms. President Grant, who signed the ..laml Ion*; subsequently that he did .ow that it demonetized silver; and, •iv,»s. The purpose of this attack upon 'the two ancient precious metals of the was, by striking down one half the supply to-wit, silver, to double the adiiK power of gold, by making it the uat of more of everything possessed or icd bv the labor of man, thus reduo* price of all commodities, arrest nerprise. impoverishing the toiler and ;i:vr mankind. That these results were v inevitable, but foreseen, appears by Lowing language, used ut that time by it. president of tho Dank of Prance, who ■‘If by a stroke of the pen they sup one of these metals, they double tho do ' >r the other metal to the ruin of ail ’ And. ns. The awful consequences thus -ini are now upon the people of tho vorld. wo stand in the midst of unpar distrbss and in the shadow of impend* .unities which are beyond estimate. industry of the people who inhabit Gil of the area of this republic been stricken clown. tno prop values destroyed and the work* compelled to fly as from pesti K very where over this broad land it tollers numbering thousands have Grown out of employment and will have the bitter bread of charity or starve; ■roducts of industry, of the farm and workshop have depreciated in as shown by official and pub statistics until production ceases profitable: the money of the country, in aate for the business of the land, has tuied to the banks: while the people, dis the banks, have demanded deposits to hoard or hide them ir.tile houses are going to the wall by iun.ls because tho masses have not the r t0 buy even the necessities of lifo. fl'ply the lack of currency the bunks f ‘•Teat cities have issued a substitute f^ncy, unknown to the laws, called house certificates; the movement of Jojt crops, now being gathered, demands n amount of currency which the banks liable to furnish, and in the midst of r conations the daily press is clamoring K-Tepeai of the act of July 14, 1890, called merman act, although tho repeal of that m“an8 the stoppage of the issue more than $3,000,0 X) of money L m.on*k’ thus shutting off the !v in the midst of the terrible conditions OTW ua and Snoring the fact that *u the balance level between debtor and HI' !.“e suPPly of currency must increase v, {J*Je wdh the increase of population Sn-lSS8' sJnci’ *a this nation, the growth 18 at the rate of about 33 per u‘.r? ten years, while the increase of w greater; and .. >’■ m, VINE 8 EXPRESSIONS. | ro is The great expounder of the con “an'el Webster, "Gold and rates Axed by the congress constitute -at standard of value in this country, and or congress or any state has the authority stiiard”" „nl|jor s,aadard or to displace h?i!u JPf H°?, J»“®» O. Blaine, quot wamontiSi0' “da3.: "0a the much vexed jJ.51-} question of a bimetallic or tt'v'iniib.,?.111?1!lJrJ’ my own views are suf ri«ed.ln the r8marks 1 have made t.i'mt... ?truegle now going on in s°Marnid ln othei; uountries for a single “cewi.wi, "?r0„ 11 successful would rcr.iai1S e1ad„,art of our people. Every hour's delay n undoing the corrupt work of Ernest Seyd and our foreign onemies is an insult to the dig nity of the American people, a crushing burden on their prosperity, and an attempt to piaco us again under the yoke from which Washing ton and his compatriots rescued us. We pro- j test against the financial policy of the United States bein r made dependent upon the opin ions or policies of any foreign government; and assert the power or this nation to stand on its own feet and legislate for itself upon all subjects. Second—We assert that the only remedy for our metallic financial troubles is to open up; the mints of the nation to gold and silver on equal terms, at the old ratio of 16 to 1. When ever silver bullion can be exchanged at the mints of the United States for legal tender silver dollars, worth 100 cents each, that mo ment 412^ grains of standard silver will be worth 100 cents; and as commerce equalizes the prices of all commodities throughout the world, whenever 4184 grains of standard silver are worth 100 cents in the United States, they Will be worth that sum everywhere else; and cannot be bought for less. While It will be urged that such a result would enhance the price of silver bullion, it Is sufficient for us to know that a similar Increase would be at once made In the price of every form of property except gold and credits in the civil- 1 izea world. It would be a shallow selfishness that would deny this to the mining Industries at the cost of bankruptcy to the whole people. The legislation to demonetize silver has given i an unjust increase to the value of gold at the I cost of the prosperity of mankind: wheat and i all other agricultural products have fallen side by side with silver AGAINST UNCONDITIONAL REPEAL. Third—That.while the "Sherman act" of July 14, 1890, was the device of the enemy to prevent the restoration of free coinage, and is greatly objeetidnablo because it continues the practical exclusion of silver from the mints and reduces it from a money met al to a commercial commodity, never theless its repeal, without tho res toration of free coinage, will stop tho expansion of our currency roquired by our growth In population and business and widen ! still more the difference between the two I precious metals, thus making the return to bi- j metallism more difficult; greatly increase the i purchasing power of gold sttill further break 1 down the price of tho products of the j farmer and tho laborer, the mechanic I and tho tradesman, and plunge still farther all commerce, busi ness and industry into snch depths of wretch edness as to ondan er peace, ordtr, the preser vation of free institutions and the very main tenance of civilization. We therelore, In the name of tho republic and of humanity, protest against the repeal of the said act of July 14, j 1890, except by an act restoring free bimetallic ! coinage as it existed prior to 187.1. We suggest I that the maintenance of bimetallism by tho | United States at the ratio of 10 to 1 will in- ; crease our commerce with all tho silver using countries of the world, containing two-thirds of the world, without decreasing our com merce with those nations which buy our raw material, and will compel tho adoption of bi- | pnetallism by the nations of Europe quicker . than any other means. Fourth—Wc assert that the unparalleled calamities which now afflict the American | people are not due to tho so-called Sherman act of 189J, and in proof thereof we call atten tion to the fact that the same evil conditions now prevail over all the gold-standard world. We are convinced that bad as is the state of affairs in this country, it would have been still worse but for the Sherman act, by which , tho nation obtained to some ex teut an expanding circulation to moet the demands of a continent in i process of colonization and tho business cxi- j gen lies of the most energetic and industrious 1 race that ever dwelt on the earth, and we in- I gist upon the excution of the laws without evasion so long as it is upon the statute banks ! aud upon the purchase or the full amount of : silver each month that it provides for, to the end that the monthly addition to the circulat ing modlum the law secures shall bo main tained. Fifth—That we would call the attention of ! the people to the fact that in the midst of the ; troubles of the time, tho value of tho national bond and the legal tender money whether | made of gold, silver or paper, has not fallen a j particle The distrust is not of the j government or its monoy but of the banks j which have, as we believe, precipitated tho i present panic on the country in an ill-advised j effort to control tho action of congress on the ; stiver question and the issue of bonds We i invite the bankers to attend to their lo dtimato ! business and permit the rest of tho people to ! have their full share in the control of the gov- j eminent. In this way they will much sooner I restore that confidence which is si ncc- j essary to the prosperity of the people. «It j must not be forgotten that while boards of trade, chambers of commerce, bankers and ! money deales are worthy and valuable men in . their place* the republic can more safely re- I pose upon the groat muss of its peaceful toil- i ers and producers, and that this "business j man s ago” is rapidly exterminating the busi* | ness men of this country. The time has j eome when the politics of this nation should be diverted, as far as possible, to the simple and pure conditions out of which the republic arose. We suggest for the consideration of our fellow citizens that the refusal of tho opponents of bimetallism to propose any substitute for the present law or to elaborate any plan for tho future indicates either an ignorance ot our financial needs or an unwillingness to take the public into their | confidence and we denounce tho attempt to ; unconditionally repeal the Sherman law as an j attempt to securo gold mondmetalism in flag- , rant violation of the last national platform of j all the political parties. I On motion of Congressman Bryan of Nebraska, the address of Chairman Warner of the Bimetallic league, delivered Tuesday, was adopted as the address of the convention to the Amer* j ican people, i ' General Warner's Address General A. J. Warner's address was in part as follows: The most extraordin ary condition of affairs,” said lie, "meets the assembling of thiB conven tion. Almost perfect peace prevails over the world; the earth is yielding her fruits in unusual abundance, and rich harvests are being gathered under favoring skies. There is enough und to spare, and yet never before in the history of the country has there been such widespread fear and distress; never before such loss of confidence and destruction of credit Industries are everywhere breaking down aud laborers by thousands are thrown workless on tho streets with want staring them in the face. Scores of banks, most of them well managed and showing assets which under ordinary circumstances would place them above suspicion, are driven to sus pend. There has been a shrinking of hundreds of millions in the valuo of stocks and other property, and in agricultural products. To attribute all this condition to the present silver pur chasing law;of the United States is ab surd. Under this law since 1890, 8150, 000,000 have been added to our cur rency. Does anybody believe that the presence of this $150,000,000 makes money scarce and dear? Would we be better off if we were out of it? The real obiect lesson of the situation t to very different from that wbioh the gold conspirator* Intended. “It enables us to see' the beginning of the shrinkage in prices that must take place in order to go to a purely gold basis The trouble Is in the change in the money standard. The value of money may be doubled either by doubling the weight of standard coins or by destroying half of the metal out of which coins are made. One is as effective aa the other. The establishment of a single . gold- standard is equivalent to putting the value ol t wo dollars into one. It is doubling tho unit and putting property down one* half. This is what is going on. To do this and still require the same number of dollars in payment of debts and taxes is to sanction tho spoliation of one class by the other and tho talk of such a standard us honest or such a policy as sound finance is the rankest hypocrisy.” Referring to the a«t of 1873, General Warner said: ‘•The members of con gress, the speaker of the house who signed that bill, the president who approved it, never knew that it de monetized silver. There was but ono man in tho senate who knew that the act demonetized silver; and yet he was never hung or shot for treason. [Great applause at this allusion to John Sherman. 1 “That act will bo known inhistorv as xne aeuiouutizauou bi is vs. i.c mo memories of those who stand con nected with it rot in oblivion.” [Great applause.] General Warner said that he was willing to have the act of 1800 re pealed if the other Sherman law, the net of 1873, could bo repealed by the same bill, lloth Sherman laws should go together and the country be placed back upon the constitution and the law as it stood boforo 1873. In his conclusion the speaker de nounced the metropolitan newspapers of the country as being controlled by the. money power and characterized their editorials as being but the in spiration and tho bidding of the gold bugs instead of tho conscientious ex pressions of the writers. The peopio to win, must win against all these BfflTregattons and Ini'uonccs of capi talistic Dower. It Huy be Catching. Washington, Aug. 4.—Speaker Crisp sat in his pariors at the Metropolitan yesterday, puffing a cloud of tobacco smoke, telling stories, greeting con gressmen and occasionally holding whispered conferences with some members who desired to be remem bered for some special committee place. The speaker's room is tho center of such political activity as is finding ex pression in Washington. It is said, ■however, by veteran legislators that such a quiet reasambling of congress' has never before occurred within their recollection. The door to Mr. Crisp's room is always open, and there is a constant stream of public men going in and out. It is not a “headquarters,” however, as the reelection of Mr. Crisp is so cer tain that he has found no need of es tablishing a speakership headquarters and carrying on an active canvass. Most of his time is given to good fel lowship among his associates. • lie does no work during the day. liutat night he goes to his private room and takes out a large sheet of paper which looks like a magnified score card for a race meeting. It covers the member ship of the i’ifty-second congress, with such rearrangement of important com mittees as Mr. Crisp has been able to make. His evenings are given almost entirely to his work. He said yesterday that he felt con fident of having all the committees ar; ranged within tho next ten days after the assemblage of congress. This would be unusually early for com mittee announcements, as it is custo mary to give the speaker the entire month of December to juggle with the committee assignments. The only distinct development of the day in the neighborhood of Mr. Crisp’s hotel was the movement in favor of making Representative Catchings of Mississippi chairman of the important committee on banking. As a rtale this committee does not rank very high, but during the coming session "it will be made especially important in view of the many banking and financial quest ons to come before congress. The quest ion of repealing the 10 per cent tax on state bank issues and the increase of the circulation of national banks up to the par value of their bonds de posited with tbe treasury will come before the banking committee. It Ts urged that Mr. Catchings is especially qualified for this chairmanship. He has generally been regarded as a silver man. but bis friends say that he is dis tinctly u gold man, in close touch with Mr. Cleveland. What is more import ant is that Mr. Catchings is a very close friend of Mr. Crisp, having been his first lieutenant during the late speakership fight. It is believed, there fore, that Mr. Crisp would be glad to give Mr. Catchings the chairmanship. Canada Will Nut Lend Her Money. Tohonto, Ont., Aug-. 4.—Canadian banks iliat have in the past dealt largely with American firms in loan ing money are pursuing a policy of great caution this year on account of the large number of failures in the United States. Last fall Toronto and Montreal binks loaned a good many mill'on dollars in Minneapolis and the northwestern states to move crops, but this season they are withdrawing money from the states, and refuse to loan except on gilt-edged security. They have had a great many demands for money in the last few days from business houses in the southern and western states, but without exception these demands have been refused. Gov. Campbell Mot a Candidate. New Yoke, Aug. 4.—It having been reported that ex-Gov. James E. Camp bell of Ohio was a candidate for re nomination at the coming guberna torial convention, that gentleman said this morning: “Under no considera tion will 1 accept the nomination for governor. I am not in the position to make a strong fight for several rea sons, the stiongest being that I am not financially fixed to stand the ex pense of a campaign. 1 will be at the convention next week, and if my name is mentioned 1 qfiall withdraw it.” Morton’s Bara Burned. Poughkeepsie, N. Y., Aug. 4.—Ex Vice-President Levy P. Morton's im mense new barn at Ellerslee, near Bhinebeck. with chickenliouse and outbuildings, together with 10o head of Guernsey cattle and all his farm horses, was destroyed by fire yesterday. The loss is over •ltio.ooo. PANIC ON THE BOABD. v ;r'"■ •' 1 > - ' • ■ JOHN CUDAHY. THE GREAT PACKER. PAILS* W* «f the Blit.it Firm, la Ckletl* Forced to the Wall—Uabllltlea Way ITp la the Million.*—Never Sneh a lime oa the Board Blaca the rani O' of 1881. Chicago, Aug. 5.— It was a day Of panic on the Chicago board of trade and before it was half gone aix of the biggest firms had been smashed to smithereens. John Cudahy, the mill ionaire packer, dropped every cent he owned. '1'ho losses of the day will hardly fall short of J3l>,000,0(10. The cause of it all was a fall in pork from 818.33 to 810.30 in forty-five min utes. Pandemonium reigned on the board. Never s nee the Harper wheat deal collapsed in 1887 has there been such a panic. The firms forced to the wall by the big bear movement were: John Cudahy, E. W. Halley A Co., Wright A Haughey, A. Ilolmholr. A Co., J. U. Steever A Co. and the North American Provision company. At least three of the firms were factors for Austin W. Wright, betler known as “Charlie” Wright, the leading bull of the board. Intimately associated with him in the pork corner was John Cudahy and the two went down together, with the brokers who had been buying “long" for them. It was commonly believed on the board that there would be other smaller failures, but it did not fall to the lot of Secretary 8 tone to announce the closing of any other trades than those of the six firms named. Efforts to learn the liabilities of the embarassed firms were unavailing. They were all busy closing their books and could not even tell approximately. Hut there is no disposition in any quarter to conceal the fact that the firms were “hit hard” and out of the trading for the present, at least, though it whs thought likely that they would be able to settle and resume business soon. The cause of the failures was simply this—Wright and Cudahy were unaule to get money enough to protect their margins and their brokers had noth ing to do but to protect themselves by closing out tho pendidg trades. The explanation < offered was that the brokers could get neither margins from the principals nor accommoda tion from the banks. Men on the in side, however, were inclined to believe that it was not so much want of ac commodation as wh in of collateral or cash. A. W. Wright did not mince mat ters, but raid: “1 am a dead man and. am in no humor for talking. The sum and substance of the matter is this—I had too much property and too little money. I will not say what my liabil ities and assess are ajtd I will 'not say how much pork I carrried. That is my business. There is nothing more to be said. I had too much property and not enough money.” John Cudahy could not bo found. His clerks were hard at work working on the books and they would say nothing. Mr. Cudahy was not in his office or about the board of trade. His house, 3334 Michigan uvenne, was closed, his family were away for the Bummer and no one could tell where he was. E. W. Bailey said: “It is aflat fail ure all right enough. We were long on pork and our principal, A. yf. V?right, could 5ot jSrolBSt us with margins, so we had to close out trades to protect ourselves. 1 have no idea what our liabilities will be. It is fash ionable nowadays to say ‘it was im possible to realize on collateral,’ but 1 have noticed that it is a good deal harder to get the collateral than it is to realize on it. I suppose the firms will make a setthment and resume business.” The crash was the sequel of a brill iant deal in pork ribs run by Wright and Cudahy last autumn. The men cornered the supply and, it is said, made more than 83,000,000. They saw a chance to repeat the operation and plunged on September pork. In the words of one of the board operators, “Wright bought all the pork he could see and in his anxiety to get more, ran the price up to 833 a barrel. He kept on buying and the money market kept on getting tighter. When he got near the end of his string he stopped and Armour, who had been putting up on his calls right along, called on him for margins on trades, lie could not get the money to protect his brokers and they closed his trades out.” The Sliver Hosts Assembled. Cbicago, Aug. 8.—The national con tention ot the American Bimetalic league met at 10 o’clock in the First Methodist church auditorium. It was the largd&t assembly of like character in the history of financial agitation. The features of many of the scarred veterans of financial agitation were vis ible in the heterogeneous assembly. General A. J. Warner of Ohio, presi dent of the Bimetalic league; Congress man Bartine of Nevada, Congressman Bryan of Nebraska, Governor Waite of Colorado, Senator Stewart of Nevada, Senators Mantel of Mon tin a, Shoup of Idaho, T. M. Patterson of Colorado, Governor Kolb, the populist leader of Alabama; Editor Goodwin of Salt Lake, Henry J. Taubeneck, chairman of the executive committee of the people’s party, and Senator Dubois of Idaho were conspicuous among them. When Chairman Warner of the Bi metalic league called the convention to order many of the delegates were ob liged to stand in the aisles on account of the smallness of the hall. Chair man Warner opened the proceedings by introducing Mayor Carter H. Har rison of Chicago, who welcomed the delegates to the city. “I welcome you warmly,” said Mayor Harrison, “because I believe you have the country at heart. Some of you may be rather wild; it is said that you are silver lunatics. I look down upon you and am rather glad to welcome such lunatics.;. It is the crazy men that march the world forward and make progress a possibility. They say that because you believe in bimetallsm you are crazy. If the action of 1873 could i be blotted from the annals of American political action I believe that silver would be worth $1.89 an ounce. Be wise in your deliberations, but be fear I less. Congress is about to meet Give I the benefit of your deliberations to con grtsa and tell Grorer Cleveland what the people of the United States want." . Bon. Thomas M. Patterson, chairman of the Colorado delegation, responded to the mayor. vimuiuttu earner ox x.no Aiimoxauio league then delivered his opening ad* dress. "The most extraordinary condi tion of affairs,’’ said he, "meets the as sembling of this convention. The earth is yielding hor fruits in unusual abun dance and a rich harvest is being gath ered under favoring skies, and never before in the history of the country has there been such widespread distress; never before such a loss of confidence and destruction to credit. Industries are everywhere breaking down and laborers by tens of thousands are thrown workloss on the' streets with want staring them in the face. Scores of bunks are driven to suspension. There has been a shrinkage of hun dreds of millions in the value of shocks and other property. To attribute all this condition to silver purchasing is absurd. Under this law, since 1890, 81 “0,000,000 have been added to our currency. Docs anybody believe that the presence of this 9150,000,000 makes money scarce and dear? Tho real ob ject lesson of tlte situation is very dif ferent from that which the gold con spirators intend. It enables us to sec the beginning of tho shrinkage of prices that must take place in order to go to n purely gold basis. The trouble is in the change in the money standard., The value of the money may be doubled either by doubling the weights of standard coins or by destroying half of thu metal out of which the coins are made. The establishment of the slnglo gold standard is equivalent to putting a value of two dollars to one. It is doubling the unit and putting property down one-half. This is what is going on to do this, and to still require the same number of, dollars In the payment of debts and taxes is to sanction the spoliation of one class by the other." Chairman Regan and the special com mittee, escorted the now president, Al len W. Thurman, to the stage. Tho appearance of Mr. Thurman was a sig nal for uproarious applause, and after it had subsided he was introduced by the retiring president and spoke as fol lows: "Mr. Chairman, I, a oiks and Gen tlemen: The fight between thoso who believe that the circulating medium of this country should be hard money— that is real money, gold und silver— upd paper redeemable In the same, and thoso who believe in the use of soft money, that is, paper promise-to-pay money, redeemable in other promises io-pay—is on. "Should the Sherman law be re pealed without substituting anything ill lieu thereof, it means the financial destruction of silver money as a measure of value, and no man can tell when it will ever bo again restored to its form er place. I am against an irredeemable currency in every way, but if it is to bo decreed that wo in.ist have flat money, if our circulating medium is to be based upon faith alone, then I am in favor of its being issued by the government and not by individuals, because I have more faith in nil of tho people than I have In any particular class of people. "The same threats were made by the paper money advocates before that are made now. Tho United States bank and all its branches, by pursuing al most identically the same course as its followers of today have done, so fright ened the business community and so paralyzed all industry that, although they may not have intended it, yet a panic did ensue, and such depression followed that they thought surely Old Jijckson miigt give way and they must win, "but 6ld Hickory never for a single moment wavered. On tho contrary, no appealed again to the people of this country, pointing out where all this would lead, and then bade the bank do its worst, and he did not appeal in vain; neither will we appeal in vain, for when the peopleof thiscountry awaken to the fact that there is being made a systematic attempt to force them to pay the obligates of this government in gold alone, when they have always had the right to pay them in gold or silver, and that this is to be taken away _ from them—that the contract they made with their creditors is to be violated—I, for one, have not the slightest doubt where they will stand. “Then next, if they succeed in un conditionally repealing the Sherman law, yon will hear the demand made that the government issue other bonds upon which these banks may supply the deficiency in the circulating medi um, which will.be brought about by the government basing to issue the coin certificates unde:' the Sherman mw; ana, nnauy, snouiu tncre at any time be a falling off of the gold in the treasury, which is sure to come sooner or later, you will begin to sec editorials by the score pointing out what a men ace to the business of the country are the outstanding 8346,03,000 of green backs; and that unless they are retired the treasury will soon lose all its gold and the country will be brought to a silver basis, and then the further de mand will be made that these green backs be retired with a long time bond, upon which more promises to pay can be issued by these banks. In fact, it will not be many years before they de mand the retirement of all forms of paper money, other than their own notes, which the people of this country will then be compelled to accept as money. When this comes about (and unless it is stopped now, it will come about) the victory of the Shylocks will be complete, for sf these banks can now not only prevent the national debt from being reduced, but, on the con trary, can make congress increase it so they may perpetuate themselves, when and where will their power end? “I have.no doubt that in the message which will be sent to congress on the 7th of this month the phrase of'sound and stable currency’ will be used. I want the president of the United States to tell the people of this country what is meant by a ‘sound and stable curren cy.’ I will not be satisfied by his say ing that he simply wants a standard that does not fluctuate, but I want him to tell the people of this country why | he says that gold alone will make that I stable standard. (Jive us the reasons for the faith that is in him. The people of this country are intelligent enough to understand whether the conclusions he reaches are correct ones from the pre mises laid down. If he does not think that the people are so, he certainly must think that the members of con gress are. to whom his message will be addressed. The president appointed Charles B. Morton of Maine fourth auditor of the treasury, vice John K. Lyn.'h of Missis sippi, resigned. - . . .- - * . » i MR. GRANT HAS A REMEDY. The Ii>donin«r Would (iltbliih a M. v Tor Ratio of 80 to 1. f New York, Aw*. 8.—A number of : ’a prominent smelters and silver mine owners from Colorado bound for Washington In the interests of the white metal, are iu the city. They in* elude ex-Uov. J. ]i. Grant, the bead of ' the Omaha and Grant smelting' works of Denver and Omaha; J. J. llagermsn and D. M. Hyman of Denver. Mr. Grant said: "The propost* tton to repeal the bullion purchasing clause of the Sherman act and then look about for a substitute will not meet the approval of the advocates of free eoinage. If the purchase of silver v is to be stopped, then business in tho ■ states where that is one of the Indus* tries must continue to suffer. The . silver states are but a small fraotion of the country. There is not enough gold In the country to transact tne business of the country. 1 Would favor as a substitute for tho present law, If that be repealed, the establishing of a ratio of about 30 to 1 and tho oolnage of such silver as is offered." INDIAN PRINCB. Hlhinjth of Kapurthalo Como* to i«* the World'* Fair. Chicago, Aug. 8.—One of India** potentatatea, the Maharajah of Kapur- *, thala, reached Chicago to-day, Ao- '.m i'uui[)uuiuu ijv olio o( Iiis wires and his retinue,he came In at 11 o'cl oak from the east and registered at the Hotel Windermere,, Lexington avenue ‘ and F1f1 y-slxth street, where sump tuous apartments had been resorred (or them. The maharajah has come 10 see the TUB PRIKCK. r air aim win ntay UDlil no nas aone the Exposition thoroughly. Accompanying his hlghneM are Major Nuhal Miugh, Dr. Madia Aiy, Cnpt ttrndal Singh, Mian Asia Bakscn, Daniel liaum. Rich Uuchner and CoL C. F. Massey of the llritlsh army. ' v';i Made lilouiit‘Angry. Honolulu, July so (rln San Fran* .• olsoo, Ang. 3.)—Theroyalista who pre sented a cuno to Claus (Sprockets just before the Australian sailed have deep ly offended Minister Blount by the un- ; authorized use of his name, and the matter has become tho subject of dip* lomatlc uorrespondeno \ ( • ,=' Just i>cforo thg gtciuney Australian left port a prearranged scheme of pre* senting Claus Mpreclcels with a cano inscribed with a list of nameB, headed by those of Liliuokalani and James If. Blount, was carried out amid tho pop* ping of champagne furnished his, friends by Mr. Hprerkcls. Tho royal* ists took occasion to afcsert on tho boat and wharf that Minister Blount had allowed tho use of his name to show his appreciation of Spreckels and the ex-queen's cuuse. | Within half an hour after the mat* • ter had boon made public Minister Blount denounced tho matter in an excited manner as an outrage and ' authorized a local reporter to publish his statement. During the afternoon President Dole, who witnessed the presentation from the wharf, called on Minister Blount in an unpjHcl^l capacity and spent an hour in talking the matter over. Un July 20 Minister Blount sent the provisional govern* mo’nt a Soto calling their attention to the matter, and the government at once began an investigation. Charles Creighton, who made the presentation speech, was officially written a letter which demanded a full explanation and apology for the use of Minister Blount's name on the cane presented to Claus Spreckels. At 3 p, m. yesterday Charles Crelgh* ' ton left his rep'y at the foreign office. It contained an attempted explanation of the uso of Blont's name, and ex* pressed regret of the four royalists participating that an offense had been given. President Dole at once called a cabinet meeting to consider the matter. The cabinet refused to accept the apology sent by the royalists through Creighton and the letter was returned to him. The government will decide on Its course of action after consulting with Minister Blonnt to-day. I A petition has been filed to declare Samuel Parker, ex-minister of tHb late queen, bankrupt. The action was taken by one hundred or more unse* cured creditors, whose claims reach 820,847, Total claims against the es* tate amount to 8232,347, all except the amount first mentioned being secured on first mortgage. The property is mostly on the island of llawaii and will barely pay the first mortgages and part of the measured claims. Parker, who spent over 9000,000 in the last n'ne years of the monarchy, as the royal favorite, will be left without a ; - cent and without credit. Minister Blount and President Dole, accompanied by several prominent citizens, visited Pearl harbor last week. Minister Blonnt mode the trip one of semi-inspection, %pd expressed himself as greatly pleased with the place as a site for a naval station. Schema to Sot* Millions, Topeka, Ksn., Aug. 3.—Got. Level ling- yesterday wrote Got. Hogg of Texas asking him to aDpoint fifteen | commissioners to meet a commission to be appointed from Kansas in Chi* I cago, Sept 11, to confer with repre* ! aentatives of foreign governments re garding his scheme to turn the ship ment of products from the western states south and through the Gulf of Mexico. Gov. Levelling will write other governors in the we t and ask them to co-opcrate with him in thia movement. In his letter to Gov. Hogg he says that if the products of the west were sent to Europe via the Missippi river, Gulf of Mexico and Atlantic ocean, instead of by rail to New York, It would save the farmers millions annually. Snow for Sergeant-at-Arms. Wasuixgtox, Aug. 5.—The situation i ;' to-day seems to point to the election of ex-Congressman Snow of Illinois as sergeant-at-arms of the house, the *" fight between Yoderjamt Johnson, both of Ohio, having grown ao hot as to apparently disrupt the Ohio democrats delegation. , Mr. Johnson has been claiming a majority of these Ohio votes, but Mr. Yoder to-day claims to have six of the eleven absolutely pledged. In this view of the case the Ohio members will be unable to help either man, and Illinois, which stands # firmly by Suow, will win. , iv- !,Si