OMAHA DAILY BEE FJJTDAT. JANUARY 23 , 1885 , 5
DRAW1HCTOA FLUSH
SDEcnlalivc Washington FIocHDK Around
tbG Standard of J. Qonld ,
The Wily Shark Ooddloa the
Spawn of Corruption
And Distributes Union Paoifio
Stock on all Sides ,
A Majority of the Senate Collared
by the Eailroadsi
Ooald rny ) ou Ilirco Strong Point *
and Victory la Already Ills.
Gould's Grip In Washington.
CHIOAOO , January S2. The Trlbuno to-dy
faM startling rovolfttiona from WiuhinRton ,
showing the enormous power Jay Gould
has , and his influence ever the law makers of
the United States , And how completely ho
has many of them in hi ) clutches. The des
patch says ! "Gould has been qulto busy at
Washington within the last month' . Ho baa
unloaded in thla town a very largo amount o !
Union I'aclBo stock. This has boon accomp
lished Ihrouph mysterious
nisiniDuriON ox roi.vrs.
The senate judiciary committee has had
under coniidcratlon for some time the bill for
the funding of debts of the Union Pacific to
the government. It is generally understood
the action of the committee will bo favorable
to the bill. Points about the committee's
action have been secretly distributed through
out all the official ranks of Washington life.
Sanatory members of the house , department
officials , and oven clerks , have been buying
Union Pacific in anticipation o (
A GREAT niSE
that Is to follow when the senate committee
makes iti report in favor of the bill , Most all
of the speculative members of the homo are
loaded up with Union 1'nclGc stock. Gould
kindly lets'thora ' have all they want. Ho does
cot himielf seem to care abaut holding on for
a rise , which in promised , after securing as fa *
vorable a , report as possible so as to unload bis
present holdings.
COULO'B SECOND rotxx
into secure the defeat of the Intor-Btato com-
inorca bill. The present Indications in the
senate are _ that ha will bo mcceasful. The
senate continues to discuss its awn bill , which
.merely provides for a commission to inquire
into inter-state commerce. There is an im
pression out , however , that the senate at
present is going ahead in good faith to discuss
tbo house bill. It is not generally understood
that the sonata Is
DISCCBSINQ ITS OWN DILL
and has not yet taken up the house bill.
Rich day ; that ths senate gives to its own
measure is only anothornnil , in the coffin of
the house measure. Gould has given orders
to have the house bill referred to the railroad
committee of the senate , with theimderstand-
ing that when it once reaches there it will not
bo reported back again this session. I have
the evidence of his caving
NOIIFGU ONE SENATOR
of his wishes in this regard and I have good
moral evidence of his having issued peremp
tory ardors to at leait five other senators. His
third objective. ' ' point Is to defeat the 'for
feiture ef land grant ? . In this he may bo suc
cessful. The railroad interest of the senate is
devoted to the Idea of sending the cases to the
courts. This is all that railroads ask.
Now York Htock Market.
Special Telegram to THE BEE.
NKW YortK , January 22. The stock mar
ket continues dull , but there is rather more
activity than yesterday. The opening was
weak. New York Central went off g , North
western g , St. Paul § , Lake Shore jj , Lacka-
wanna g'Tho weakness brought forth the
supporting orders' which were In'nll the active
list and prices were put back , and are now at
the highest and on a par with last night's clos
ing. The general passenger agent of the Grand
Trunk telegraphs the general passenger agent
of the West Shore protesting against making
a 81 emigrant rate from New York toCnlcairo ,
and requesting him to withdraw that r&te for
the present. General Passenger Agent
Abbott , of the Erie , Bays tha New
York Central and the Erie have not
taken any action in regard to the Pennsyl
vania and Lake Shore cut , A meeting will
ba held at the Grand Central depot to-day at
which the Central , Erie , Lackawanna and
Baltimore & Ohio will be leproicnted to dis
cuss the matter. The Weat Shore officials are
now in consultation as to what course to adopt
in reference to tbo protest of the Grand
Trunk. The boy note f the Grand /Trunk's
opposition is that it got * the bulk of ita emi
grant travel from the Allan line whoso steam
ers land nt Portland , Maine , in the winter ,
the faro from Portland to Chicago being 87.50
A $1 rata on the West Shore would direct
travel from Portland to New York.
Philadelphia dispatches * report reductions
made by tha Pennsylvania on west-bound
rntiH. Tha reductions were not announced
at the ngencies , but were made aa private
terms to shippers. The director In the New !
York Central soys that tha Central will prob
ably meet the cut on emigrant rates marjo bby
byn
the Wet Shordns It Is the policy of the Cen
tral to follow the West Shore in any rates nit
might muke.
A. Cliolornlo Interview.
Special telegram to the BKE.
CHICAGO , January 22 , Is there any danger ;
that the cholera will spread from St , Louia to
this city ? " was asked of Dr. Do Wolf , health
commissioner , to-day.
"There is no cholera in St. Louts , " was tbo )
reply. "Not only da later reports explode
that rumor , but It 19 a phytical Impossibility
that cholera could 'breik out In St. Louis.
The tampjraturo of from 23 to 00 degrees
above zero has put out every fooun of cholera ;
infection in Europe. Last night the tempera
ture in St. Louis registsioil 7 degrees below
zero by the nignal service report thU morning.
If it was cholera In St. Louis alljgerms of the
< liseaso would be killed by such cold. "
"Havo any steps been taken in Chicago erin
in our seaboard towns against the introduc
tion of cholera ! "
"By the examination of rags. I don't un .
derstand thU thera ara any other measures
taken in our cities on the coast. But none
are necesiary now , for there UBO cholera in
Europe t < MUy. "
"Do you think , then , that the extminatlon
of imported rga ia a sufficient measure of
precaution ? '
J'l will aay thiii , th t in * ? 3 cholera wai in.
tranced into this country in several places
by n-fected btgag , which means clothing.
Now , I think that more attention ought tu be
paid to clothinct and effects from the cholera
districts than to individuals , and quarantine
which does not > ery scrupulously supervise ,
clothing- no quarantine at all. I have no
iloubt that whuu waiui weather approaches
this supervision will begin , "
Minister Lowell and Frco Trade , .
LONDON , January IS Mr , Lowell , Aruerl
can minister , presided at a meeting of theao
ctety of arta lust evening , Mi. D , Pidgeor.
delivered a lecture on "labor and wages ir {
America. " Ho aaid workinraitn were not
likely to initiate free trade. That movement
more likely bo elfuctod by internal ccmpetl
tlon. Discussion followed in the couni
of which Minister Lowell said that his jwsitioi
prevented him from exproulig au opinion i on
the subject , but bo would uy that many far
slshtsd Knglishtiun believed the adoption of
free- trade in Ainfrica woild frivo KngUnt
dannerou * competion in all the markets of tin
world. A uroit many American fabric * wen
more honest than KoclUh ( nodi. Trva trad
would soon enable Amercla to equal Kng
'
lind'i uiercantila marine , which had hereto
tore been impossible through the opposition of
American navigation laws and the tariff.
England would find America the most intelli
gent competitor she had yet met.
CHICAGO , January 22. The Journal's
Springfield , III. , special says : Cronkhito oc
cupied the chair at the opening of the legisla
ture this morning and after some parliament
ary spurring , the democrats moved to make
the temporary the pennnnent organization of
the house , , Points of order were raised that
the election could not proceed In this way , but
the speaker refused to entertain them and
also refused to allow a vote upon the appeal
from this ruling and directed a roll call on the
previous 'question , which was lost , Haine.i
. . .
* * I n il\ . * * tin AVHiltllrtana
democratic members of the general assembly
united in signing a memorial to-day to Presi
dent Cleveland , asking the appointment of
Springer as secretary of the Interior. The
houBO'was In session to-day from 10 to 4:80 : ,
with Speaker Conkrito presiding , but no bust-
npflfl was transacted , Stratogotical motions
were made by both sidet but no vets was
secured on permanent \ofhcors. To-night the
democrats had a caucus. Speaker Conknto
withdrew as candidate for speaker and Hon.
13. M. Ilaino of Lake , who last night resigned
the temporary speakership , was unanlmouily
nominated as the democratic candidate. It
is now thought by the democrats that the op
position in tbo party to him wilt subside and
that ho will recolvo the asvonty-sovtn votes
necessary to elect.
Iowa Prohibitionists.
CHICAGO , January 22. The Inter-Ocean's
Dos Moines ( la. ) special rays : About 400
delegates , from nearly all parts of the state ,
mot in temperance convention to-day to con
sider measures to secure the better enforcen
mont of the prohibitory law Kcsolutlous
were passed denouncing the saloons , calling
on the homo , school and church to unlta
against the common enemy , calling for educa
tion as to physical and Industrial results of
intemperance , declaring that the political p r-
ties which desire the support of the prohibi
tionists , must take no backward stop in call-
in ? on the next general assembly to enact the
necessary amendments , and on Iowa con
gressmen to work for national prohibition.
The Mahdl Making Tracks.
LOHDON , January 22. A repoort is current
that General Stewart hai occupied MeteP
menoh. This lacks confirmation , but is gen-
crally believed , as Stewart pushed forward
with the greater part of his forces immediJj
ately after the victory Saturday near Abu
Klea wells. It is highly probable alee that
the rebels , who have been stationed at Mete-
moneli , left that point to take part in Satur
day's engagement , and it is thought unlikely
they rallied and [ made a stand at aletomeneh
eo soun after a decisive defeat. The govern
ment telegraphed congratulations to Woholoy
and Stewart.
The Rodomptlonist Fathers.
ST. JOHNS , N. I" . , January 22. The He-
demptionlst Fathers of Now York who were
assaulted , their lives threatened and insulted
by n mob of orangemcn at Bay Roberts about
two weeks ago , to-day made a long statement
to the United States consul hero. The Fath
ers tell the story of their terrible treatm * > nt
and their vain'olforts to obtain protection from
the local government. Finally , through the
efforts of the United States consul , a man of
war was ordered to the scene of dieturbanca.
and while the mob was held in check by the
guns of the vessel , the Redemptionist Fathers
held their services.
Six Indians Murdered.
VICTORIA , B. C. , Jamwry 22. An Indian ,
woman baa como to Sylvesfer's trading post ,
on Liard river , and reports the killing of five
Indian men an 1 one woman by the Takowa
Indians , who also took two women and two
children into capthlty. The worran made
her escapa and traveled two months before
she reached the post in a half-famished condi
tion. The murdered Indians had been saucy
and thieving during the summer towards the
whites , and the murders were in retaliation
for an Indian killed by them in 1883.
The Orange Murder Trials. ,
ST. JOBNH , N. F. , January ' 22. The jury
brought in a verdict of not guilty of the Riverhead -
head and Harbor Grace Catholics charged
with the murder of an Orangeman named
Win. French near the pipe track road on St.
Stevens' Day. Immediately after the verdict
the prisoners were recommitted and charged
with the murder , at thn same time and 'place ,
of Gray , Nichols and Cillahan.
"Weatiior To-Day.
WASHINGTON , January 22. For the upper
Mississippi valley : Partly clondy weather
and local snows ; winds generally southerly
except in the northern portion , 'whom it will
shift to westerly , and warmer weather.
For tbn lower Hisauuri valley : Partly
cloudy weather and loal snows , with gener
ally warmer weather ; southeasterly winds.
Frozen Mariners.
Nlw Yonif , January 22. The harbor Is
very rough to-day and few sailing vessels pos-
aed the nariows. All incoming crafts coaled
with ice ever their decks and several feet into
the rigging. A French sailing vessel came in
with her sills a sheet of ice and her crew benumbed -
numbed ,
A , prunkard Kills His Daughter. ;
BELLivn.r.K , Ont. , January 22. A man
narrcd Broston , living at Lime Lake , while
drunk struck his sick daughter with n chair ,
killing her. The rirl's mother ran to the
nearest neighbor's houso. Thu night was
bitterly cold , and tbo mother diud from
exposure and excitement.
Advance In rfrillg.
WHKELIKO , W. Va. , Janvary 2 ! . he
noe"DS n > " manufacturers have ed
the card rate on nails to $2 15 , loss 10 per
cent for carload loti and the usual discount
for cash CO days. This is a virtual advance of
20 cents per keg.
The Oklahoma Lands.
TOPKKA , Kan. , January 22. In the senate
to-day tha house resolution relating to he
Oklahoma lands passed alter being to ed
as to favor the opening for luttlemont of all
lands in the territory not occupied by allha
Indian tribes.
TKbBOU&l'H NOTES.
Dan Voorhees was elected U , S. senator ;
from Indiana by a majority of 43.
A dispatch from Dublin says Morgan
O'Cpnnell , second eon and list member of hot
family of ths liberator , is doid.
Three large nail factories and the Husioy
copper works have rwumod In Pittsburg.
The Lacy furnace , No. 2 , starts up next week.
M , Andiieux , in his memoirs of M , Gate *
belts , accuses the latter of various intrigue' ,
during life , for the purpose of overturning a
distasteful ministry.
A party of men were surprised in Cork ,
Wednesday evening in the act of lighting
wbat Is supposed to bo a box of dynamite , In
the roar of Mill street police barracks. One
of the men , Patrick Leary was arrested ,
It is rumored that Italy la prep > red to act
in concert with England to establish tbo
Anglo-Italian military occupation of Egypt.
It Is stated 20.000 Italian troops are in r.-adl- .
ness to embuk for Kgypt as Italy's contingent
' for garrisoning that country.
< Home dispatches report disastrous ava-
. lanches at various points In the Alps. vaA
Q Urge number of villages and hamlets have
been burled. Three thousand men ua one
pnnince are aiding the troops lu recovering
bodies ,
- Col. McClure of the Philadelphia Times ,
who is In New Orleans , and has investigated ,
the financial nffirs of the exposition , sayi
there need bo no fear of BUCCCSJ and advist
- northern people to coma and see the blgbU.
A committee of the Commeicial club of St
Lenin called on the samtaty commUtea of the
lower munfcipal assembly to day and tool
them to ttslc for their lack of interest in the
unitary condition of tha city. Tha eanltarj
- committee promised more activity In the fu-
- ture.
.THEY MEET AT LAST.
1
The Anxlona Search of * DCS Holncs
D/vmscl Fonnd by Her Brother-
in
A little episode In real Hfo has recently
found conanmmationwhtoh proaenU some
features of slightly ronuntlo Interest.
Wednesday morning M Jndgo S
berg , tbo well known Tenth street jasllco
of tho'poaco , was Bottling himself down
for big customary nftor-bronkfast pipe ,
there walked into his office a young girl ,
whoto face wore that expression of hopeless -
less woo assumed by despairing feminity.
She told a atory , after a little pressing ,
of how she had como to Omaha at the
request of her sister , who was living In
this city , m.rrlod to a young man by
the name of Georges Franklin. She
had boon orphaned and alone
in the city of DCS Mnlnes , and had como
to Omaha , hoping tovflndibrighloir proj
pecta than existed at homo.1' It to hap
pened that there was no one to meet her
at the depot , through aomo mlsnndor-
standing. 'Sho was bowlldorod find
homesick , and , wandering through the
streets of the city , she strolled into the
St. Olmrloa hotel , whore she stayed that
night , in consideration of her night's
lodging parting with filty cents , the lut
item of cash in her possession.
Judga Stonborg gave the girl , whoso
name was Minnie Saunders , a good dinner
nor , and bestowed npon her some father
ly advlco as to the best nunns of finding
her lost ulster. Nothing daunted ,
Miss Mlnnlo started upon her
search. She tracnd her sls'.cr finally
by moans of the directions contained in a
letter received some months before ; bat
npon going to the plnca Indicated aho
found that the family had moved far out
on north Seventeenth street. She imme
diately started out in the vaguely indi
cated direction , and found the house
where n short time before her sister had
boon , bat which , as lack wonld have it ,
had been deserted for another. Noun of
the neighbors could toll the heartsick
girl in which direction the family had
moved , and Mies Mlnnlo was compelled ,
in reluctant despair , to give up the
search , Wandering about the city in
listless despair yesterday , shewas
met by a gentleman who though
ho had never seen her before , recognized
her as his youthful sister-in-law. Ho
followed her , questioned her , and found
that sbo was tbo very girl for whom ho
had been searching. In brief , as explan
ations were exchanged , it transpired that
Miss Mlnnio'a letter announcing her ar
rival had never boon received , and that
Franklin , furnished with a meagre de
scription , had started ont for his share in
the mutual search , the result of which
hid been BO strangely successful.
OHIOAGO GHOULS. \
Kobblnc a "Wife's Grave A Nebraska
Attorney's Strange Story.
"Mr. G. MoOonaughty , of the law firm
of Kings & McOo'naughty , of Oaceola ,
Nob. , was in the city yesterday. Ho la
on his way to Rohello , Ills. , to attend to
som6 legal business. "
Connected with this brief personal an
nouncement which was given to a BEE
reporter last night , is a tale of mora than
passing interest. Briefly presented , as
related to the reporter by a friend
of Mr. McOonaughty's , the story is as
follows :
"Ono year ago fn ( he little town of
Rochelle , 111. , the grave containing the
remains of Mrs. Conauehty , the dead
wife of the Nebraska attorney , was torn
open and robbed of its contents. The
body was shipped In a box to a medical
Institute In Chicago. The town of
Rochelle was roused to the highest pitch
of excitement by the boldness of the
ghoulish performance , and every effort
was made to discover the offenders.
Finally the Chicago detectives , tracing
the cilmeby means of a diicovorod grave-
robbery at sycamore , 111. , found that
tho' body-snatching had been done by
Newton Shinklo and Charles Waterman ,
two medical students from Chicago ot
decidedly ghoulish tendencies , and who
made a profession of touring the country
and stealing bodies for dissection. Both
men wore at once placed under arrest.
What makes the story all the more
weirdly strange Is tbo circumstance that
Shinklo , ono of the body snatchers , had
been an old friend and schoolmate of
Mrs. McConaughty in her maiden days.
Why ho should have chosen to desecrate
bor grave does not appear , and certainly
his action offered a violent insult to that
sentimental fooling which should have
abhorred such a course.
The trial of the two young mnn will be
commenced at Bochollo , 111 , , next Mon
day.
FJBUUiONAXS ,
J } . E. Whitmoro and wife , of Omaha , ar
rived yesterday at the Coatea house. Kansas
City Times.
Col , Luke R. Dunlap , of Omaha , is the
guest of Mr. John Randolph , on East Twelft
street , Kans s City Times.
Mr. C , B. Keller hai just returned from a
visit to Dakota City and places In that vicin
ity. Ho reports intoneoly cold weather in
that locality.
Alfred Tonka , jr. , an enthusiastic member
of the Beta The tftTi fraternity , of Harvard , is
In the city visiting his fiionaxand relatives. )
Mr. Tonk'a lays claim to tha distinction )8.Of
being the only American scholar graduated in
the present course of the Chinese language ,
* newspaper men in the ttate , has accepted the
position of city editor of the Times-Dispatch ,
and , henceforth , the boys will have to keep i a
sharp lookout , for Joe is a rustler from away
back and has jumped into the pit with hU
spurs well sharpened ,
It' . Curtlsj , Fremont ; T. E.Standard.TJtica ;
David Ilarwood , Lincoln ; W , M. Wright ,
Franye ; Slat D , Belmont , York ; Miss Maggie
Ilescall , Lincoln ; Mlea Fannlo HeaeaU , Grand
Itland ; L. 8 , Estells , Blair ; W. S , Dunston ,
Alnsworth , Neb , , land U. B. Johnson , of
Sioux City , Iow , are Hopping at the Metro-
politan.
Mr. Lawrence L. Rappal , of the firm of
Ilappal Sons & Co. , live ; atock commission
men of Chicago , arrived in Omaha last night !
. and ia quartered at the Mlllard. Mr. Kappal
is here for the pnrposo of looking over the
ground with a view of starting a branch com >
mission homo in this city , The ( inn which
. he represent * Is well known in Chicago and
to the live Block men throughout the- west ,
and if they conclude to open an office in this ;
city It will bo a coed Uiiog for Omah * and the
- atock rcen who propose to make this city their
future market.
[ TUB NATIONAL UAnlCS.
| Iho Importance of the System to the
Country liottcr From nn
Omnlift Hunker ,
The following letter which appears In
the January "Banker's Monthly , " Is
worthy of perusal : "Necessity is the
mother of invention , " ami necessity can
look with pride npon her almost number
less offspring having a national reputa
tion , and among them aho will recognize
the nat'onal ' banking system , with its cir
culation ] of national currency. The party
which i will soon take the place of the re
publican party aa a representative party ,
will doubtless make certain changes , but
prudence -will not permit the party to
entirely overthrow that which has emi
nently mot the demands of the public.
OUn NATIONAL CCRRKMCT.
"Unless all signs , fail , wo are approaching
the time when bank notes will disappear from
circulation , and when the only currency of the
country will be United States coin and United
States paper raonoy. " N. Y < Sun article ,
Dec. 5th.
"In concluding this subject the comptroller
wishes to , hwo U distinctly understood that
lie is not in favor of any measure which will
cause Inflation , Ho la of the opinion that the
protebt aggregate caper circulation , made up
of legal tender and national bank notes and of
gold and silver certificates , ia ample for all
the needs of business , Ho believes , however ,
that the sudden contraction of the national
bank circulation , which , without appropriate
legislation Is Imminent , will seriously embar
rass the business of the country , and that if
contraction ) Is permitted to g6 on it may re
sult In tbo' entire ditcontlnuadco of thoisiuo
of notea by national banks. " Comptroller
Cannon's Report.
The editorial wliicli appeared in the
Now York Sun from which the above ex
tract is taken , has given this subject par
ticular prominence at this time , although
the fact therein commented upon has boon
recognized for n considerable period by
nil bankers who have given the subject
any reflection , and ia also fully set forth
by the comptroller of the currency in his
current report.
The Sun article says further , ' 'that the
p'oplo of the United States will , for the
sake of thobanks _ , sanction miy legislation
by vhich cither the national debt shall bo
prolonged or the interest upon it bo in
creased , it is idle to suppose. That they
will permit banks to issue circulation on
any less sccuro a basis tluin United Stites
bonds is equally incredible. There is no
escape , that wo can see , from the hatd
logic of facts. The national bank curren
cy must go , and that pretty soon.1 And
the comptroller likewise : "Moreover , no
feasible plan with other security has as
yet been suggested , affording a sound
currency redeemable on clemandin specie ,
and the comptroller believes that it is ex
tremely doubtful whether , after their ex
perience for the lost twenty years with
the safe and convenient currency issued
by the national banks , the people would
bo satisfied with a currency based on any
secuiiiy other than United States bonds.1
These two concurrent opinions repre
sent facts not theories and there ia no
possible escape from the conclusions pre
sented. Without early favorable legislation
si
tion the national bank , currency must
soon bo 1 mitecl to the small amounts
which banks may continue to issuo. upon
the bonds required to bo held in order to
preserve their charters.
The present system of national banks ,
will however , continue. Tim privilege of
issuing bank notes ia but small portion
of the functions of a nntionalTbank , and
L A'1 * ii- -i---
constitutes 3 , part whatever of tjjof claims ,
it has upon iho public confidence. ' A
considerable number of the largest and
most prominent banks in thosystem have
for years ceased to exercise their privilege
of issuing no'es. The comptroller truly
says : There is no doubt that the national
banking system has been of great value
to this country in miny ways other than
supplying a sound and almost
perfect paper currency. The ad
ditional safety afforded to de
positors by the restriction and precau-
tlonary provisions of the act , the pub-
Holly of reports ol the condition of the
bank ) , and the regular examination and
supervision by officers of the government ,
Is well understood ' by the public , and It is
probablo'that the people would demand
that if possible thosymtem bo continued ,
oven If the public debt ba hereafter re
duced to a point where it Is Impossible
for the banks to Issue moro than the
amount of circulation that can bo secured
by the minimum of bonds now required
by law.
It can not bo possible that any political
party will undertake to abolish the bank
ing system , and no fears need bo enter
tained in this direction. The circulation
may practically disappear , but the system
wltn its safeguards further increased and
perfected will remain.
The pertinent question to bo considered
is , will not the commercial interests of
the country sulFer from the contraction of
the circulating medium ?
This being granted , and it also being
conceded that no further issue of legal
tender notes should bo made for the pur
pose , then what action should congrcsi
take in the premises ?
The preatnt unsatisfactory arrangement
of the public debt would seem to plainly
indicate the .proper coursj , and there
ought to bo no controversy about it.
At present there are about 8190,000,000
of 3 per cent bonds payable at the pleas
ure of the government. These at recent
rate of liquidation will bo paid off by
1887. In 1801 the 4i per cents mature ,
amounting to $250,000 ,000. After thcso
no other bonds are payable until the 4 per
cents mature in 1007 , these amounting to
$738,000,000. The bonds issued to the
Pacific railroads are not taken into con
sideration , not being direct obligations of
the government.
It Is apparent from th'n ' statementthat
any surplus In the treasury In 1887 , and
any accumulating thereafter , mutt re
main dormant there until 1891'and ; after
the retirement of tno 4 } per cents , no
treasury surplus could be used In the re
duction of the public debt , during the
lone period from 1891 to 1907.
This condition of the debt shonld not
bo allowed to continue , if possible to bo
changed ; and the necessities of the na
tional bank circulation , the condition aof
the money market , the high credit of the
United Btatea , and a constantly Increas
ing surplus , ull join in furbishing a plain
eulutlnn of the difficulty , and ahonld at
onca ba utilized ,
The comptroller suggests in this con
nection that these maturing bonds bon
funded into others , payable at fixed in-
terva's , bearing 2& per cent to 3 percent
interest. He does not explain \rbat in
ducements he would offer holders for the
surrender of their bonds before maturity.
The writer does not believe In n
fixed period payment bond for the beat
Intarest of the government , although ilt
would bo preferred by investors. Bis :
suggestlpn for tbo purpose , which he ven
tures with seme hesitation to give , is nM
follows : Authorize the issue of funding
bonds , bearing , say , 3 per cant Interest ,
and payable at tbo pleasure of the gov .
ernment , after five or ttn yean ( or both )
Whenever the funds in the treasury , ap
plicable to psjiuent of debt , amounts to ,
say , $10,000,000 , Authorize tile secretary
tu Invite proposal ? , under such forms and
details as ho may dca'gnato ' , frr the ex
change into thcso bonds , of § 100,000,000
of 4J per cents , at n premium , to bo palil
the holders cf the latter , of not to ex
ceed the equitable valno of the -if per
cent bond , aa compared with the y per
cent bond at par , which difference would
now bo about 9 per cent. As the now
bond * would doubtless bo worth 6 per
cent promlum , this would amount to
about the present market value of the IJ
per cents. The surplus in the treasury
would bo tuad in paying the premium ,
and the bonds exchanged dollar for del
lar. Thts proposition would result in
the immediate retirement of the 4 } per
cents , aa It would require lots than § 25-
000,000 of surplus to effect the negotia
tion.
tion.Tho
The 4 per cnuta might then bo treated
in a similar manner , and this policy ad
hered to , with a reasonable surplus would
result In funding the entire public debt
into 3 per cent , bonds payable at the
pleasure of the government.
Could the surplus bo used to any bet
tor advantage than in thus reducing the
interest charge on the debt and placing
the latter into such admirable form for
convenience of payment ? A bond would
In this way bo supplied , upon which the
national banks could issno circulation
with a small rosndant profit , and the
present threatened contraction would
thereby ba avoided.
The writer does not overlook the fact
that the points ho asks conceded open up
largo questions of thomaolvog.
Many , especially of the Incoming dom-
Inont political party with which ho has
always voted , will join iaauo with him
upon the question of the further issue of
legal tonaor notes. Ho can only hope
that practical nation upon this question
will bo reached In our pnollo councils , by
the subject being considered In the light
of the situation 0,1 It now la , and not
upon the theoretical basis as to what
might bo doairablo , If our system of paper
circulation was just being Inaugurated.
H. W. YATES.
The writer , In speaking of the changes
which might possibly bo made and which
would bo beneficial to the government ,
financially , presumes that aa wo , as a na
tion , enter upon the twentieth century ,
will sail upon a sea of perfect tranquillty ,
and not bo compelled to increase the
public debt on account of being undorob- ,
ligations caused by the damages which
other nations might do , or which Internal
discord might create. While wo admire
the bnslnoas-llko tone of the article , \vo
also esteem the patriotic confidence. X.
STATE JOTTINGS.
Schuylcr boasts of a hog weighing OC5 Ibs , ,
and claims that it Is the largest reported in
the state.
The expenses of Dodge conntyfor the com
ing fiscal year is placed at & 79,2uO by the com
missioners.
A $15 clerk in a Wahoo store raised his sal
ary last year to the extent of $5COO by divt-
ing tbo profits without the consent of the firm.
Ho has been arrested. The firm must have
done a tromonduoua business to allow the theft
to go undiscovered for a year.
At the Beatrice roller rink ono evening last
week a small boy fel } down and Mablo Sylves
ter and J. D. Barney fell ever him Miss
Sylvester struck on her head and was uncon
scious for some time. Orton Beckwith was
also knocked down and received soma severe
sprains.
Lincoln News : The Omaha Packing com
pany has filed articles of incorporation in the
office of the secretary of state. The capital
stock is (50.000 , divided into tbarcs of $100
each. The incorporates are George
Schwartz , Jr. , Gra&am Hardie and Edwin F.
Smvtho .
Jack Frost took a whirl with boiler of the
Fremont Tribune office while the tbo proprie
tors were praising "Him from whom all bles
sings flow , " last Sunday , tore the packing
out of it and knocked 1C into a heap of junk.
Satan moves mysteriously his vengeance to
perform.
A prize of 950 was offered by a Columbus
merchant to the person making tbo closest
guess at the number of shot in a bottle. Dr.
Howe , of Columbus , won , his mark being
14,647 the total number on count was 14,592.
Fifty others made guessea ranging from 14,000
to 15,000. Of course none of them counted a
bottle of shot at home.
The McPhewon Normal College was re
cently chartered and established at Republi
can City. There are now 140 students in at
tendance. Thn college opened last Septem
ber , and hai a seating capacity of 300
students. Dr. John McPherson , the founder
of the college , mnde a magnificent donation of
$4,000 to this institution.
The ehnrea for the Plntttmouth Canning
company are practically taken , all but 57 of
the & 00 being signed for , and a number of
parties have slgntbed their intention of taking
more in order to have the whole number taken ,
The success of the move proves that the me
tropolis of Cass uill keep up with the pro.
cession.
It is now repotted that the Union Pacific
railroad company will shortly establish an os
tensibly independent dally paper at Lincoln ,
wh'ch will have for its main business the de
feat of Senator Van Wyck for re-election ,
The sum of 850,000 will bo put into the Lin
coln enterprise. What's the matter with the
Lincoln JiUrcslJ Grand Island Independ
ent.
ent.The
The Plattsmouth Herald points a taleto _
garnish a moral : "A prisoner , accompanied
by the constable , visited an Omatm lawjer.
The lawyer kindly took the prisoner into bis
private ollico for consultation , and the con
stable , after an hour's patient waiting , enter
ed the private office and found his man long
xinco departed , This is the tone of legal ad
vice in the city of Omaha. "
areTho commissioners uf Washington county
are having a lively time with the S. C. & P.
railway officials in regard to the assessment of
the Blair bridge. The county dads have
placed its value nt S1CO.OOO , but Manager
Ilall and others claim this is double wnat it
ought to be. The boaid has como down to
$80,000 , but Hall wants them to drop to § 60-
000 , which they loftuo to do.
A petition Is in circulation In Fremont , and
a'ready numerouily signed , asking the legis
lature of Nebraska to pasi a Inw extending
the Jurisdiction of city and village olficorB of
the statoQve miles out of the corporate limits
of such citlei and village ? , for the suppression
of houses of prostitution. At the close of the
petition it IB stated that an emergency exists
imd asks therefore that immediate attention
bo given.
The Jottlngeer banks heavily on accuracy
of statement and fidelity to bottom facts at
furnUbed by state contemporaries. And when
names and dates are contradicted at their
sources , wo are sorely tempted to join the
web-foot Irlboa nt Pacific Junction. Hecently !
wo chronicled the coHMon of the K. C. train
with Johnny Knott near PlatUniouth. It
was not Johnny ICnott ; some other John , and
he of the punch now thirds for gore. Walt
till the blizzard rolls by , John ; we'll meet you
in the sweet hereafter.
The Fremont Herald reports an important
real estate traniactlon , involving very extan -
sive Interest in the near futuru , ha just been
consummated in the transfer by Edward
BlewetttoM. M. Goad , the extensive cattle
man of Wyoming , of his farm of COO acres , tiey
ing just east of Fremont for i ya consideration
which Is understood to ba about2S,000. It
is the design of Mr. C ad , as we understand ,
to so into the none business on an extensive
acale and Mr. Cond has the reputation of not
doing things by halves , vi
The Llncoln'Journal says lotteib have been
received in that city from Charles Knot ,
Grandison Milea and Samnol Jackson , who
migrated to Liberu , the African republic.
uUtiCK that they are all well , and satiined
with tha country and tlnnkful they are there.
They also Invite other * to come. Mr. Knot
a ya he never was o well of in bis life , Mr ,
Mile * ttates that the Lord his blessed him
from tha crown of hi * head to tha aoloi ol his
teet. Jacluon a y * to tell the colored people
to ccm ? to their own country ,
, k B
Are now offering
The greatest bwgflins ever seen in Omaha
200 ORGANS It 100 PIANOS ! !
FOR CASH OK GH INSTALLMENTS
Also great reductions in Diamonds , Jew-
elrv. Clocks and Silver1 ware *
MAX MEYER & GO.
The only importers o.f Havana CigarSj ,
and Meerschaum Goods in Omaha.
Wholesale dealers in GHJQS , Ammunition , .
Sporting Goods , Notions and Smokers9 Ar
ticles.
THE CHEAPEST PLAGE IN OMAHA TO BUY
* * B QPftk I I I
FUM1B uyB | |
DEWEY
One of the Best and Largest Stocks in the United States
to Select From :
W STAIRS TO CLIMB ,
ELEGAKT PASSENGER ELEVATOR
WHOLESALE BY
L. A
1013 Jones Street } AS FOB BED cnosa. i OMAHA NEB
SOLE AGENTS FOR
TEINWAY
WEBER , HAYNBS AMD HAEDMAN
SMITH , AMERICAN AND PACKARD ORGANS.
Wo have the largest and boat stock of Shoo Music in the city , comprising Bet
In , Vienna , Peters' "Leipzig" Cheap Edition , Breslau , Mayonco editions.
Small Goods and General Music Merchandise of all Kinds ,
101 AND 103 15TH STREET OPPOSITE POSTOFEIOE.
EDHOLM & ERICKSON ,
Jewelry of all designs made to order. Largo stock of
' 'Diamonds and Fine Gold Jewelry.
AGENTS FOR OORHAM MANOFA.OT'NG GO'S .STERLING SILVERWARB
LARGE STOCK OF'
Harvard , Walthain. Elgin * Lancaster and Columbus Watches
SOLE AGENTS FOR THE CELEBRATED
A , SCHNEIDER WATCH , DRESDEN
101 and 108,15th Street , opposite Postofficp.
THE LEADING CARRIAGE FACTORY
1409 and 1411 DotteeSt.CaUlougti FurnUhoJ 1 / nrrlQlia Oil 3 No 11D
GERMAN J . WYATT.
LU M8EB MEROH AN T.
_
r ofQ
5 Q
(2)
OUMINGS AND 20TH STS OMAHA. HE