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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (Oct. 16, 1896)
THE OMAHA DAILY BEE ESTABLISHED JUSTE 'JO , 1871. OMAHA , PHI DAY rGOCTO15I3II 10 , 1SOG. SINCJLE COPY ITIVt ] CUNTS. DEPENDS ON THE WAR CLOUD Fnto of the Competitor's ' Prisoners is Not Yet Certain , GENERAL V/tYLER / TALKS ON THE CASE I'nper IllNiMiMNi'N tin * Di'plor- n lily \\Vnlt I'VnlnrcM of Spaln'M Lnelcxw Nnvy Siiiiii * VCNMCI * I lull Are of .Vo Value. ( f it.vrlR it UM. by I'ITM I'uMlnliInc Company. ) HAVANA , Cuba , via Tampa , Fla. , Oct. H. - ( New York World Cablegram Special Ted- i'Kram.Although ) the palace doors arc closed to the World's correspondents , the Spanish Interpreter employed hy the World KUliifil admittance to General Weyler's head- quartern as an employe of tlio Spanish gov ernment and Interviewed him < in the case of the Competitor's crew and General Julio Hiingnlly. "General , " the Interpreter ob served , "It seems that the Havana court of justice went too far In sentencing the Com petltor'a men to death and Sangully to life Imprisonment. " "Why ? " ho "Hccauso the Madrid supreme court o Justice revoked the sentence. " Nonsense , " the general exclaimed. "The vrnllrf of the court Is all right. There Is no military court of any nation whatever Imt Would sentence them to death. " "Why. then , was the decision annulled by the Madrid court ? " "Well , " replied the captain general , "this Is not a judicial , but a political case. The prisoners are Americans , and consequently nro subject to our diplomatic relations with the t'nltcd States. Under ono pretext or nnothcr their cases are being delayed await ing future developments. H our affairs with the United States continue as at pres ent , they will be released , hut If the State- ) Insist on poking their nose Into our affairs , then circumstances alter cases , you know. " The World Interpreter bowed and retired , feirlng for the Imprisoned Americans when the Inevitable conlllct with the United Stnt"s arrives. Will they ever see sunshine again ? HITTER AGAINST AMERICANS. A cable dispatch from Madrid quotes from a letter printed by the Imperial , a leading journal of the Spanish capital , signed by Its Havana correspondent , Domingo Hlanco , violently attacking Americans In general , mid Consul General Leo and the attorney general at Washington In particular. The latter Is called cruel , savage and barbaric , while General I.eo Is charged with protect ing Incendiaries and murderers. Illanco says the I'nlted States consuls at Sagua , Gar- dcnas and Matanzas are noted rebels. Ho refers to a letter written by a naturalized American citizen In New York to a consul In Cuba , which was seized by postal elerks , offering a percentage on claims paid hy : 'ao Spanish government through him. Much Im portance Is attached to the publication , us the Imperial's Havana correspondent Is MI- spired hy General Weyler. The Madrid Ilcraldo exposes the deplorable state of Spain's navy. It says the cruder Carlos V Is unfinished : that the forty-ton launches In Cuba arc useless ; that tho- tor pedo boats Marquis do Yonno and Sallcla ( ire constantly undergoing repairs , and though contracted to run Hoventecn miles , do not better five ; that the torpedo boat Fill- taxas Is totally disabled and must he recon structed ; that the cruisers Comledc. Mono- illto and Infanlu Isabel are being repaired : that the Alfonso XII never leaves port with out being damaged ; that the Cardinal CIs- neros had been building for the past seven years : that the Separate and Cataruja nro not done and that the Pcllayo IH sacked throughout and the Alfotibo ditto. IMI OK TIM : MATAIIHI.H Olilcf * of lu | > WiirrltiK : Trllx-x A ! < In \ViljN of 1'caro. nULUWAYO. Matabeland. Oct. 1C. Cecil Rhodes , Karl Grey , administrator for the. HrltlKh South African company , and other chief olllclalR have held a final conference with Matabelc chiefs. Mr. Rhodes announced to them that after settling their affairs and thosu of their number who had been guilty of murdcrlun whites the Matabclca must lo cate themselves In specllled districts of the country. The principal chiefs would bo lield responsible and would receive monthly salaries fron the British Chartered South African company. The chiefs all agreed to tills proposition and It Is believed that the whole Matabcle trouble Is now at an end. 1'rojireKN of ( lie l'lilll | > i > ln . Itcliclllon. MADRID. Oct. IB. An olllclal dispatch from Manilla , capital of the Thlllpplnc Islands , announces that the rebellion In the J.slaiid of Mindanao , the second largest of the group. Is ended. A later dispatch from Manilla says that n detachment of 700 Spanish soldiers sent to succor a government post was surrounded by Insurgents. The troops repulsed the enemy , losing sixteen men and two officers killed. In addition to having many men wounded. Reinforcements have been sent to th' . ! scene of the fighting. rrcNlilrnl Dinrrnclnliiii'il A KM In. CITY OF MEXICO , Oct. 1.1. Formal proclamation was made In this city yester day morning of the re-election of President IMa/ . the troops parading the streo's with bands of music. Posters announcing the fact were alllxed to walls amid military music , the ceremony , especially a solemn one , being an Inheritance from the Spanish customs. Enormous quantities of American corn arc reported to have arrived at Vera Cruz and arc now In storage there. Illclmril Crnkcr Coining Home , LONDON , Oct. 1C. Richard W. I're'ker calls for New York October 21. SIX Cllll.nilK.V III ltTO DKATII. I'nrmi'r'x Home Icslroj i-il While lie IH A nay lit a I'ariiili * , NEW WHATCOM. Wash. , Oct. 15. The IIOUKO of J. F. Miller , a farmer living four miles north of Linden , this county , wax destroyed hy llro and six children burned to death. Another child and a man named Frank Ilolso were seriously burned. Mlllor nml his wife worn away from home , having gone to New Whalcom to participate In J populist parade , leaving their children at liomo In care of llolse , who was visiting them. The origin of the llro In unknown. ( olilVlfliilriiivn from I InTrriiNiiry. . Nl'.W YORK , Oct. 16. Watson & Ilrown. touk brokers , have withdrawn $500.000 In gold from llu' siihtrcaNiiry. Watson & Drown have deposited In the Chase National bank the JGOO.OOO gold with drawn from the subtreasury and announced that the transaction was for the account of a customer. The Dank of llrltlsh North America has deposited In the suhtreaBury the $500,000 $ gold received on the Malcstlc. Interior I'lnUli of Ilir X MV l'ii lolllcc , WASHINnrON , Out. --Special ( 'IYh- Bruni ) John Latcttser , supi'rlntcndent of i-oiistriu tlon of the Oimihii public building. IH In W.iBhliiKton by order of Kunorvlslui ; Alchllci-l AlKcu. li IH expected thai the contract fur the Interior Mulsh uf tin- buildIng - Inglll be re.uly lo h't In tin101111' 01' li month "nil Mr. Latensi-r Ims boon culled lo consult will ) the olllclulH of the miper- vigor's ollle-e rt'lullvc to delnll * of iho plans ii'iu In COUIKU of preparation. Mr. I , a tensor lull HIUKexti'il several modlllcnlUms of iil.niH of tin' Intel lor Mulsh and plumbing. Mr l.ntciiMT ulll prolmhly be here two ur tlireo. days longer. , WA8I1INUTON , Oct. in Ipn.rhil Tele- Ki'im , ) Samuel MrUoudcii . WUH tuduy emu. inlixuiid ( | postmaster at ( luleim , Ni-b. , mid Luck'ii H. llohlnvon ut .Mocropjft , Wyo. IIKIMIItT OP AVOHI.D'S KAMI IIOAHI ) . llcciml Will Make Thirty-Seven VllllllllCM. WASHINGTON , Oct. 15. President Pal mer of the World's Fair commission and his associates on the committee on final re ports assembled here today for a session of several days , during which the reports to the president and to congress will be per fected. These reports will present a complete - pleto , review of the accomplishments of the exposition. The report of the board of awards will make about twenty-five vol umes of SOO pages each ; that of the di rector general ten volumes ; that of the president and secretary two volumes , while the extent of the report of the women's board Is not yet determined. These , It Is Intended , shall constitute a permanent history and memorial of what the expos.1 tlon did. The Philadelphia Centennial commission's report embraced nine volumes. That of the Paris exposition was on an elaborate scale , with steel engravings showing to the world the best features of the French exposition. The work will he handsomely Illustrated and somewhat similar , although less elabor ate than the French reports. The work has progressed since the fair closed , and Is now complete , so that the board meets to pass upon It finally before lay'tiR ' H bsforo the president and congress. Its publication wll dcpenil upon congress. The reports also will wind up the finan cial affairs of the national commission and wll ) show a balance In favor of the govern ment of about 121,000. This Includes the women's board , which has a credit balance , and all minor branches. The members remaining here are Messrs. Palmer of Michigan , John Itoyd Timelier of New York , Massey of Delaware , Martin of Colorado , Roaeh of South Carolina , St. Clalr of West Virginia , I.annan of Utah and Towsley of Minnesota. \ MVM fur UKArmy. . WASHINGTON , Oct. 15. ( Special Tele gram. ) Meutenint Colonel Reuben F. Ilcrnard , Ninth cavalry , has been placed on thii retired list by reason of age. The following changes In stations of of ficers of the medical department have been ordered : Captain William P. Kendall , from Fort Sam Houston to Fort Ilrown , Tex. ; Major Peter J. A. Cleary , from Fort Ilrown to headquarters Department of Texas , for duty as chief surgeon of the department ; Major Henry MclJldcrry , from Fort Robin son , Neb. , to Fort Lrnvcnworth , Kan. ; Major Calvin DeWItt , from Fort Leaven- worth to Fort Monroe , \'a. , relieving Major Edward II. Moseley. The following transfers In the Fifteenth Infantry have been ordered : Second Lieu tenant Frank II. McKcnna , from company I ) to company K ; Second Lieutenant James A. Lynch , from K to D. The following transfers In the Twenty- third Infantry have been made : Second Lieutenant Herbert N. Hoyden , from com pany I ) to I ; Second Lieutenant Celwyn T. Hampton , from I lo I ) . Leaves of absence : First Lieutenant WII- Ilam T. Ltttlebrandt , Seventh cavalry , ex tended fifteen days ; First Lieutenant Harry Hodges , Jr. , Twenty-second Infantry , two months ; Second Lieutenant Frank Parker. Fifth cavalry , two months. Post Quartermaster Sereant , now at Fort Omaha , has been ordered to Fort Clark , Tex. , for duty. Private John J. Kelly , company F , Twenty- second Infantry , now at Fort Crook , has been ordered discharged. Corporal Charles Hardy , company H , Twelfth Infantry , has been transferred to the hospital corps , as private , and ordered from Fort Nlobrara to Fort Crook , for duty , l'lll < * llN ( O WfHllTII Ml'II , WASHINGTON , Oct. 15. ( Speul.il. ) Pat ents have been Issued as followa : Xcbrcrka Gustav Carlson and P. Law-son , Vtlentlne , barber's case ; Ilcnjamln P. Flood , Omaha , perforating device. South Dakota Walter P. Hltch'iMs , V.'uu- bay , straw-burning stove. Iowa Albert C. Ilooth. Cedar Rnphis , au tomatic cutout for I'lee'.rlcal trarffdrmers ; William Hrltton , lloone , va'er gauge ; Au gustus P. Ilrown , Fort Madison , mpchlne for reducing paper stock to pulp ; James Hannan , Muscattno , toy cannon and target ; Charles T. Moorman , Pack wood , lifting jack ; George W. Riicker , Hello Plalne , feeding attachment for threshing machine ; Edward G. Sylvester , Thornton , harness headgear ; William A. West , Boone. device for feeding antl-lncruptatlon compound to hollers ; Dai- ton 1C. Wilson , Crystal , automatic gate. ItcMlKiiiitliin < lnlcUly A < ' < Mcil. . WASHINGTON. Oct. IB. The resignation of Surgeon Hamilton of the marine hospital service at Chicago has been received by the president and the statement Is given out at the Treasury department that It will bo accepted with little delay. In 'the ' con troversy which has existed between Surgeon Hamilton and Surgeon General Wyman ever since the latter succeeded Dr. Hamilton an the head of the bureau the treasury officials have always ndcd ! with lr. Wyman and have given him their full report and the statement Is madu on high authority that no exception will be made In the present Instance. The resignation of Dr. Hamilton was accepted this afternoon. Col. DonoKTlitic Klct'lt-il Coiiiiiiiiinli'r. WASHINGTON. Oct. 15. After a some what exciting contest between Colonel J. John Donoghuo of Wilmington and Gen eral J. M. Paver of Indianapolis , the former today wa elected commander of the Union Veteran legion , the ballot resulting 204 for Donoghuo to 171 for Paver. General Paver's candidacy was not announced until last night. Uallots were also taken on the other of ficers , but the result will not be announced until tomorrow. The legion decided by a unanimous vote to meet In Columbus , O. , next year. _ lliinl.-M MIIVITroiililt'N of Their Oivn. WASHINGTON. Oct. 15. The comptroller of the currency has received a telegram announcing the failure of the Second Na tional hank of Rockford , III. Dank Ex aminer D. A. Cook has been placed In charge. The bunk has a capital stock of (200,000 , and at the ditto of Us last report had deposits to the amount of M20.000 and undivided profits aggregating $70.000. In ability to realize on Its assets Is given as the cause of the failure. Clinocc for an AxHlNlimt . . WASHINGTON , Oct. 15. The surgeon general ot the marine hospital service has given notice that on February 3 , 1S97. an examination for the position of assistant surgeon general will bo held In this elty. I , KM OH Ii\liilS' ASSOCIATION. ( o SiTiirciitlonnl I,4'Kl ln- tloii for Tlirlr Intvri-xtn , NEW YORK. Oct. 15. The first meeting of the executive committee of the National Wholesale Liquor Dealers' association was concluded today. The membership of thu hoard of control wns agreed upon ns follows : . her. Albany. K.ir iwovc.ira : II. M. IJaly. Philadelphia ; M.ix ( Jberfrlder. I'hti'iiuo ; J. 1 ! . Ho.'i' . In- dlunapcillti ; li. ( jiindnmn , Mvmphl.-i ; .J. II. Holme * , ruvilaml : A. M. Hfllim-r. St. I .mils , and H , Fiohilrh , Cialrxburg. Ill- Fur lhi 'D yi-.n-H : Ororge HIMIK , Si. Pan ! ; M. It. foil * . Nt-w York ; .loco ll.irgoii. K u- ins City ; W. II. Unfit' ) ' . HochcHiT : Auuimt rintf. ' Ht. l.nulx ; W. litTKriitli.il Milwaukee ; 1'iod r. FciiKlch.iupru , PUtHburK. PrrsI'Iont SymliT stated the association IH nut a trurt In any mcnnlng of the term. "It In Infmli'd , " < uld he , "to ilo Its work above board and the work which It should do , In spiring legislation for the Irni'flt of the niciiilji rn. will IK. ' jcosEfd only In national affairs , i-'liuo ' ' li'glsla'lcn Is cot to he con- HliJt-ri-il nt nil. " Mr. Symlcr mentioned the tci-nrlng of thu rlriht t'J export ll'juors us om > nsnrdal aim In thu uisoclatlon'h legislation \uuk auil the protection of trade mark * another , Assistant Secretary Gurtis Explains the Movements of the Mctnl , IDEA OF "RAIDS" ON TREASURY RIDICULED I , -IT DcliillliiKtin - ( lii-ri > tlon of HiiNlnt'NN l.tttVH CiivcraliiK Hiv ItnporlN anil i\iiorl anil Hali'M of i\cliannc. : WASHINGTON. Oct. lu. Assistant Sec retary W. K. Curtis of the Treasury depart ment has written a. letter to Assistant Sec retary Dabney of the Agricultural depart ment , In which he defends the New York bankers from the allegations often made .hat they are Interested In the withdrawal of gold from the treasury. Here Is the letter : Hon. Chnrlcn W. Palmey , Jr. , AvHlMiint Sccrettuy of Agrleulture : Dear blr-llc- ferrlng to your letter and our conversation of yi-Mtorilny , eoni-emlng tinrainpalgn nt- turktt upon the bunkers of New \orlc In tlu-lr relHtloiiH with the gold reserve , 1 do- ulrp to submit the following for consuli-ru- The term "raids" by bankers ut New York upon the treiiRiiry Is one frequently lined by writers mid speakers who have no neeuriito knowledge or Iho method by which notes are presented for redemption at the subtroasuiy In Now York or the character or number of persons making such presentation. The term banker seems to bo assumed In most i-nses to cover a class of men who are apparently engaged In withdrawing the gold from the govern ment's reserve and putting It away In tholr private vaults for their own selfish pur poses , nml to aeeompllsh certain nllon'-u improper objects. The * facts In the ease nro so different from these fanciful state- mnnts that It seems worth while to call attention to them. Hy operation of certain natural commer cial laws , without alii- Interferenceof legislation. New York has connlo b < ' thu settling phice of almost all contracts for thn sale of our products abroad and In Mint market the bills of I'M-hange. which.repre sent products exported , are offered for sale. At the same tlmo people desiring to lemlt money abroad to pay obligations or to buy merchandise are In the same mar ket , and In ordir lo pay tlielr obligations purchase thenc hills of rx'-hange to re mit to their creditors abroad. Large amounts of coffee , silk , rlee , tea and sugar and other forelmi products consumed here have to be purchased with forelun credits and paid for in Ni-w York and paid for with foreign exchange ; the natural result Is that when we are selling more goods abroad and there are more bills of exchange In the market Iban there Is demand for. which Is the case at present , the price of exchange falls. On the other hand , when we are not selling as much abroad and are buying more or are paying our debts to a preatIT extent abroad , tlio price of ex change rises. THKUK CLASSICS OF HANKS. The people engaged.In ! 'ie ' bunking busl ness 111 New York may be divided Into three classes : 1. The officers of the regular banks of deposit , or Issue , Including the national banks. " . The dealers In securities , some of whom have foreign connections through whom they market a large amount of sectirltes ami upon whom they draw a corresponding amount of securities sold abroad anil to whom they remit exchange or gold In pay ment for securities sold here. S. Agencies or branches of foreign houses who are perhaps also dealers In securities , but whose main business Is buying and selling exchange on Kurope for the profit which can be made In the operation itself. The llrst class are especially Interested In the general prosperity of the country and In keeping up the value of securities , be cause It there Is a fall In securities held by them as collateral , they are compelled to call In their outstanding loans , which reduces their lines of credit , diminishes their profits , prevents them from discountIng - Ing commercial pirj'er , restricts mercantile and Industrial enterprises , and In the etui creates failures In business and genera' financial and commercial illstn-ss. The second class are directly Interested In keeping up the value of securltli-s In this country , which they have largely sold abroad , and their Interests are to avoid gold exports and the public apprehensions aris ing from a reduction of the gold reserve. The third class buy or sell exchange whenever an opportunity for profit offers. If there are few commercial bills to be had In the marlcet and thn demand by re mitters Is great , exchange rales rhe , and If dealers having credit abroad find that they can sell their bills at a higher price than the probable cost of withdrawing gold from the treasury and shipping abroad to meet their bills at maturity , they do so , thus making a profit on the transaction. The leading members of the third class In New York can be numbered on the lin gers of both hands and. In fact , three or four do almost all of the withdrawing of gold for export purposes , as will be seen by an examination of the list of parties exporting gold to Kurope published In the dally press during Its continuance. ICach shipment usually represents In the aggre gate a large number of single transactions. One concern may sell a million dollars of exchange In one day , but It may be repre sented by ISO to SCO or more different bills , running from 100 upwards , and they pay their bills Abroad by shipping Bold for that purpose which they draw In ono sum and send In one ship. MATTKH OF SKL.IMNT13UKST. It will thus be seen a great majority of bankers pecuniarily Interested In keepIng - Ing- the reserve up to Its full amount , and for this reason they have been willingIn the past and are mill willing lo make con siderable sacrifices , and In order to pre vent shipments of gold , have contributed large amounts of money to pay the dealers In foreign exchange the profit they would have made by such shipments. This was notably the case In the operation of the so- called syndicate which bought the bonds of the government under the contract of February S , IMIJ. and again In the early part of this summer. Although with drawals for export have been going on for several years , It Is only within two years that an apprehension that the government might be unable to redeem Its obligations In gold has caused withdrawals for any other purpose , and at no tlmo has there been any evidence that wlthdiiiwal of gold from the treasury was mnile for the pur pose of affecting the markets. 1 ho fact that the banks were able to furnish a I the gold required for export up to the middle or the summer of 1S > 92 , ami did so. was because large amounts of gold were being paid lo them and by them Into the treasury and paid on : again In the course of burlnes.x , and It hail not b gun to bo displaced by the silver Issues , the amount of which had not up to that time reached such a volume as to form an Im- nornon ot me ordinary commercial transaction In the Now York market. Durlnir the past few weeKs and at pres ent , and for the llrst tlmo In this adminis tration , various factors are In combination which have procued low rates of exchnncc and consequent Importations of gold. The principal ones are the favorable trade bal ance , the reduction In the volume of cur- icncy outstanding and In active circulation , anil the continued high rate of Interest for rail loans at New York , this latter condition being partly a result of the previous condi tion. This lowers foreign exchange , causes Importation of gold from London and other foreign cities , because at these points ex change on New York Is scanty and rules at very high rates and the dealers and drawers here and their associates across the ocean llnd a 'profit In the difference of price at which gold can be obtained abroad and at which It can bo used here. In other words , those foreign markets are In Ihe same condition the Tnltcd States IMS been at various tlint-s during the last live yearn. 11 Is true gold hat : been Imported upon one or two occasions lately , when purchases of government bomlx were being made , but for thin a premium was imld. and It was pur chased and shipped like cotton , or wheat , without regard lo the rates of exeh.iniie ruling here and V.UH an abnormal proceed ing. Hut Ing the yours miccecdlnjf the re sumption of sped * tmymcnts mid until the currency question disturbed our monetary relations tho'e wus a icnulnr movement of irolil to lM rmmtr > In the late summer and autumn , while wo uro marketing our . iKrlfiiltural products abroad. A return ( low from this country abroad began In the .iprlng and continued through Ihe narly summer to pay our debts for Imports and for other putpoix-c. HALANCH OP TRA1U3. Low exchange rnlr * In tlio former and high rales In the lattc-r periods caused these movements and the h.il-nce of tr.ideMIS tmunlly In our favor ; IH It Is at prcsm. The excess of merclmndlHp export * o/i-r im ports for elKtit months up to trie nrii i'i.y of September of this year amoimlnl lo JM- WT.'JIJi whllo for the corresjioiidliiR tune last year the exces of merchandise imparta over exports wns Jl.3'37.Jfti. ( ! In other words , Instead of disbursing thii latter amount In foreign markets , we this yt-nr nre recelvl.iK from them JM ! H7.9I5 a balance In our favor of } H2,3 ; ,2I3 , Moreover , thn tide of serucl- lies llowlng back to America 'from foreign loldcrs since 1MH ) has largely subsided , nt least for the time being , and there Is not as much of a drain from there on that ac count. The high r ti > of Intrrcst paid In he New York market for call loans durr MB the past few weeks has attracted for * Ign capital from centers where the Interest ated Imve been much lower. This pceu- lurlty was also very marked during Auctut of mi nt the height of the currency r-ni'lc. when the ruling rates of Interest w-ro ab normally high and Inrre amounts of money were loaned from abroad and the gold coin pent to this country. ' The contraction In the active eurrn"y s caused by the lar e Increase In the bal ance In the United State * treasury , , i/l lng from the bond Issues , nml Ihe liontMlng of Kohl and of notes redeemable In ioM. which has been going on among the people for some time In view of a possible fnlluro of the I'nlted States to continue their ro- d"inptlon In gold. The critics who talk so freely about Importing JRi.MO.OOrt of gold fo : I'lTool from the other side of the ocean ilo not seem to realize the linporlnn v of such a transaction and that there ni'.ist bn Value exch.inged for It , cither In the s'.inrv of exports or securities or In some othe ; way. It will be cocii friin the published names of the pirtles who receive the gold Imported that they nro mainly the dealers In exchange or houses or Institutions huv Ing foreign connections , nml not the na tional banks , except as Institutions to re ceive the deposits of their customers ex cept In Ihe case of one or two of the inwr , wiio have regular London correspondents with whom they do an exchange biislnes1 * . It must not be forgotten that th fontl- dcnce In the situation which linn [ iiniv.l the countrv In Its present satisfactory condition reffiirdlnir Its gold reserve was largely One to the efforts of the bankers of Now York lu the early summer. The fnfrt of their agreeing to furnish bills of cxclnnse at rates under the gold shipment point and en- doavorlng to bring about artlllelillv Ir-nt which we now know Is a logical result from natural caiiH-s Inspired so Pitt.-h c < nil- donee that normal conditions prva'.l Mid the situation cured Itself. Aeoonllnir to the published reports ilnrlnc April , May. Juno , July ami the llrst weolc lu AUU' : < ' . while gold was being exported , the rates of sterling exchange at New York have ruled from Jl.SStj to { 4.WVJ. and during the last of Autrust and up to the pr.'S-"it time , whllo Imports of gold Were bolsig niniie , thev have ranged from M Wi to JI.S.V1. If the parties attucklni ; HUMP trnnsioM'inM would examine the dully ttport.i pnd roc who withdrew or Imported the rjoM and what the exchange mnrk"t.vns . -.tv ! why the exchange rates were high of Injv , much nilsaii ) < rchcii"lou on these suhc | > om ivnild be avoided. Yours truly , W. K. CfRTlS. JAil.KD OX A CIIAIKJi : OK K.YTllllTIOX Tire SmooUi VOIIIIK .Men Illackniiill 11 MnrrlcilViiiuan , CHICAGO. Oct. 15. J. H. Cummlngs. who Is said to have been at one time n news paper man In San Frnncle'co and the cast , was sentenced to ten days In the county tall on n charge of extortion today. Some years ago Miss Julia AdUr kept company pnd corresponded with Harry Tlllcnhurg. Tlllcnburg kept her letters nml after Miss Adler's marriage to R. Uarraltl. a stock broker , Tillenhurg Is said to have shown the letters to Cummlngs. Doth Tlllcnburg and Cummlngs were nearly penniless and a plan was entered upon to extort money from Mrs. Uarrattl by means of the letters. The dates on them were changed to make them appear to have been written after her marriage. Then Cummlngs demanded $50 apiece for the letters , threatening to > how them to Mrs. Harrattl's husband In caee of refusal. In this way $40 was secured , $10 nt a time. Cummlngs giving the. woman part of n letter In return. Finally Mrs. Uarrattl told her husband and the arrest qt Curamlncs and Tillenhurg followed. Tlllc burg.BCcuredJils release on ball and has lio3tilncc'ib el > iTEcon. Ho Is said to be well ' -IK.V 1V1IO SI3II. IliriT H AM ) KCCJS. Organize ( o Protect Tlioinxolvi-N ARiiliiKl ConiitilMslon 3Ion. CHICAGO , Oct. 15. The nutter , Kgg and Poultry Shippers' association , a now or ganization , was formed hero today. The meeting was called together by the officers of a number of societies In Michigan , Iowa , Ohio , Indiana. Illinois and Nebraska. Only shippers of the farm products named In the title arc to bo admitted. Clarence J. Chandler of Chelsea , Mich. , In calling the convention of probably sixty shippers together , said there was need of an organization In order to protect the dealer from the commission men. He said thcro was no assurance t\at ) shippers would get market quoted prices because the com mission men made no efforts to protect the shippers and left them practically at the mercy of the buyer ? . i . Among the leading shippers present at the convention today were : A. J. Johnson. Ottawa. la. , president ofthe Iowa associa tion ; H. P. Miller. Dcflauce , 0. , president of the Ohio .and Indiana association' , and L. II. Kcrchbraum , president of the Ne braska association. \VII13.\T IIOOM IX SAN FHA.VCISOO. Kxporli-rN liny llcnvlly for Shipment to liitlln anil .Viixlrnllii. SAN FRANCISCO , Oct , 16. Wheat recov ered from yesterday's setback today and In the local market went higher than before. All day several leading exporters were heavy buyers and the destination of much of the wheat thus bought Is t\ld : to be India and Australia. Instead of Chicago prices Influ encing this market , the local market now guides other speculators for California has captured the first of the demand from India and Australia. Thcro Is no telling how ex tensively this demand may spread to oth'jr points of supply. May wheat sold today at fl.301,4 and December rose to ? 1.3S % . COM3 IIHOKI3 AX ITAIIA11A.VIC. . lteciiKiil7.cil liy Dciiohltorx After mi Almoner of Tw'o Y 'lirn. PHILADELPHIA , Oct. 15. Adolphus Cole , who In 1891 operated a bank In New York , was arrested hero today on the charge of being a fugitive from justice. Cole's bank , which \va.i patronized by Italians and the poorer classes of people , failed In 1891. Aft erwards Cole disappeared'and It was found that he had gotten trnay with between $100.000 and $200,000. lie was seen at the llroad street station by two Italians who had been depositors nndAfho Informed the letectlvo department , HL was committed to Jail. f Scponil Aniiunl Aptilu Cnrnlviil. LEAVENWORTH , Kan. ] Oct. 15. Leaven- worth Is celebrating' her .second annual apple - plo carnival loday , and thousands of vis itor * are helping her (16 It. Decorations of red , yellow and green. arriinfied with apples , are everywhere apparent This afternoon the parade , which wag largely a trades dis play , wag more than olio mile In length. Mulcted Dominion Kipri-NM Com puny. WINNIPEG , Manitoba'Oct. 15. The night agent of thu Canadian I'aclflc at Oak Lake station , It 1s alleged , elliappcared last night with an express packsgij containing $3,000 of Dominion Express company funds. His name Is C. C. Cohdou and he came here from Chicago a few weeks ago to secure a position during the operators' strike. lint I'nrNiilt After Six Hnlilicrx. PADUCAH , Ky. , Oct. 15. A posse of fifty men Is pursuing alx robbers who rode Into Puryear , Tenn. , ajid , , aft r robbing the safe of Hroughton , tires , of several hundred lollira , sot fire to their Htoro and to other stores , which they also robhud , IHtlf I-M'rcM lit 11 Dii- , INDIANAPOLIS. Oct. 15. Early till ? morning the wholesale china and crockery store of Pearson & Wctzel , 119 South Merl dlan street was damaged $50,000 hy fire. The firm carried a tock valued at $100,000. The loss U covered by Ingiirance. DlNcuvcrcil n Htlll lu lloHlon , HOSTON , Oct. 16. The police last night discovered a 110,000 Illicit itlll In thu very Lcart of South Dontoa district and suc ceeded In arresting a man on the jireraUes who gave the name of 0. K , Ilrowu , WANT WATSON TO WITHDRAW Rumors tbnt n Pormnl Request Will Bo Miulo to Him iu Georgia. CABINET OFFICE AS COMPENSATION Vleo I'roslili'tillnloinlnoo ( o .11 cot Oilier I'oiuillMl Imiters In Con ference mill u .Si'iiMiilloiinl Outcome IN l.ooKoil for. i. ATLANTA , Ga. , Oct. 15. The proposed . conference between a sub-committee of the | populist national executive committee , headed hy Senator Ilutler and Thomas Wat son , populist Vice presidential nominee , Is expected to develop n sensation. It Is gen erally believed In populist circles that the visit of the committee will result In a formal requojl for Mr. Watson to withdraw. There are numerous rumors of olllclal positions to ho tendered Mr. Watson In case he with draws and the democratic party Is success ful at the election. The stories of the prom ised position range all the way down from a cabinet position , but no one claims to have definite Information as to just what , If anything , will be promised. There Is grave doubt expressed , however , that Mr. Watson will nrulmso to withdraw. It Is freely stated that the popuitst manifesto of yesterday was by no means pleasing to the vice presidential candidate , and the commit tee's haste In notifying him of Us Intended visit Is said to have bssn the result of a fear ho would take precipitate action before the conference could be held. That fear was set at rest , however , by a message which Mr. Watson sent to Chulriuan Wasliburn today , expressing a willingness to see the committee. Mr. Watson , according to the rumor , allayed the fears of the populist lead ers by appending to his telegram the state ment that ho would await the coming of the subcommittee. It Is believed from this that the candidate's letter of acceptance will not ho published until after the coming confer ence , although ho was expected to have given It to the press tonight. What the outcome of the committee's visit will be Is altogether guess work , but there Is a growing Impres sion that Mr. Watson will take more kindly to the alleged suggestion of withdrawn ! than ho would have done at an earlier date In the campaign. He Is expected to leave Thomson for Atlanta as soon us ho Is dt- Inltcly. Informed as to the time the com mittee will arrive there. CHICAGO. Oct. 15. The projected Irlp cf Ihe committee appointed by the populist ex ecutive committee to call on Mr. Wiitstn has been abandoned. Senator lluler ; left for Washington lust night. Commllteeman Heed of Georgia and George F. W.ishburn. chair man of the western branch of the onimlt- tec. who were to accompany Senator Hutlor to Georgia , arc still < n town , ind say that : u formal call will be mad ? on Mr. Wa'son. A tclCKr.im was received from the popnll.-l vice presidential cinlMate today , hut both gentlemen cmplmil 'ally deny that Its con lento were the cause of 'ho nuatMoiiuu'nt of the trip. Mr WaivMnira filmed that the trip was abandoned be nuto It was absolutely necessary for Senator Bntlrr to return ti Washington at one ? . What the coir.cntB of the telegram wore U canning congUerahlc " peculation , us It was mii'crsloof. . lait night "hat ttio , committee Intended .to's'tart UnHsr word was heard from 31 r. Wiifr.on to the contrary. lU'I.MiTIX OXVATSO.VS IIKAI/I'II. HiiK u Uiii ! Tlironl. tint IH In Xii | ) IIIIK T of Djlntr. ATLANTA. Oct. 15. In view of the alarm Ing reports In circulation concerning the condition of Hon. Thomas 13. Watson , tin Journal this morning telegraphed Mr. Wat son's physician for an official statement of his patient's condition. To this the fol lowing reply has been received : "Tho Impression has been created by sonic newspapers that Mr. Walton has been and la now quite 111 with a throat and lung trouble , whllo another misstated the facts and mlfrepirscnted Mr. Watson as to the statement that ho was not sick at all , but pretending to be from some cause and that lie was out looking after his dltfcrcnt farms In the county , etc. "In Justice to Mr. Walfeon I will stale- Mat when he returned from his last speak- lug tour his throat was In a fearful condi tion , a mass of ulceratlon , and his general system was beginning to bo Impaired by It. but It soon yielded to treatment , and he U now In his usual good health except the local trouble In his throat , which Is verj much Improved , and I think It will he en tirely well In a few days. Yet I positive ! ) object to Mr. Watson making any more- speeches at present. "E. S. HAItniSON. M. D. " Dr. Harrison sent the above statement to Wctson before delivering It to the Journal correspondent. Mr. Watson returned U with the following endorsement : "Dear Doctor This Is all right. "T. E. W. " IXTKHIiri'T COCKHA.VS SIMSKCII. llr.vanKilllurluTH I3jcctcil from ( lie Hall a < Toledo , O. TOLEDO , Oct. 15. HourKo Cockran spoke to two Immense audiences here tonight , numbering fully 10,000 people. The first speech was delivered In Memorial hall and the second In an Immense circus tout pitched on the commons adjoining. During his speech In the hall he made reference to Hryan'a Ignorance of the meaning of Ihe word "premium. " when he was greeted with a storm of hlsces from the silver men In all parts of the hall , which rendered It Impoislbl for him to proceed for a mlnu'o or two. The hisses were so general that the police could not locate them , so an to expel the disturbers. The hUses and disturbance wcrr renewed toward the close of Mr. Cockran's speech , and the police were compelled to eject several of the silverltes from the hall. In the midst of great excitement. SI3VI2X TICICI3TS I.N M ISSOCIt I. Ofllcliil Ilnlliit Will lie mi Arriinnonicnl. JEFKI3KSON CITY ; Mo. . Oct. 15. Seven tickets have been filed with Secretary of State Lesueiir and will appear on the official ballot. They are republican , democratic , populist , Palmer-Iluckncr democratic , social ist-labor , prohibition and national party. The democratic and republican congres sional nominations are complete except In the Tenth district , where Secretary of State I.canour today refused to file cither demo cratic nomination on the ground that both factions claimed to represent the regulai democratic party and he was uimblo to de cide between them. The populists have filed no nominations In the Tenth district. KIOIIT or TH 13 sorru ovnit AOAIX. .Morton SIIJM ConfciIcrnloH Are SUM Trylntr Hit * SIIIIK- ( Mil Came. WASHINGTON , Oct. 15.Sccritaiy Morton has given out to the Post for publication hit view of thu Ilryan democratic Icad-sru. Hi closed his statement as follo\vn : "The finance which they teach ! 'entirely con federate fiat. In the sou'hern rbiiftuVrac } the same leaders who are now in command of the picket guards for free rllvjr at 10 U 1 were leading financiers , and Harris , Piigh Morgan and the other confcdortto iviicri/iij. now In command of the Ilry.iu campaign , cccm to ilealro to accompli ? ! ! by false finance that which they failed to bring iihoitt l.y arms national dishonor and disgrace. " I'oHtmiiMli-r ( ioin-riil TaKcN ( ho .Slump. WASHINGTON , Oct. 16. Postmanter Gen eral U'llaoi. will make hlH first speech li behalf of the Palmer and Iluckner ticket at Churlmtowu , W , Yu. , hla hoiue , Saturday afturuoua , , n , j i M'KIXI.UY TO I'UOI'.I , ! : OK CAVI'OX. l.ltdo Surprise I'nrl' ' . tlio ( Mil llomo- Ntcail Amlil III i . olcuatloiis. CANTON , O. . Oct. tSfreerclnry William M. Osborne of the XSll ; committee , wit nessed the big dclegAH In Canton today. He spoke most oonl Hjy of the outlook. While there were I Hpartlca from New York and PcnnsylvaAHnc most surprising event of the day wasflBlnformal call of the working people of ( Hffn. They came In thousands from the Wactorles , large and small , In this city. They came , many of them , with their wives and children ami babies. They filled the broad Market street , and a half tulle Irom the Public square to Louis avenue nt the MeKlnlcy home. They crowded over the fences from the streets and the sidewalks Into the door yards and lawns of other homes. They carried ban ners Inscribed. "Open the Mills ; " "Our Money Is Good Knough , What We Want la Work ; " "We Want MeKlnlcy , Protection and Work. " There was an unusual tremor In Major MclClnlcy's voice when he arose : to respond to the sentiments of the venerable spokesmen from the local factories who ad dressed him. Adilivsscs were made by Edward Joii"s , a factory watchman , and John Crouse , a woodworker. The first tralnlo.id of callers to see Major McKlnley today arrived In a special train of six cars , over the Cleveland , Canton & Southern railroad at 12:30 : o'clock. The party was composed of farmers and busi ness men from northern Erie county , Penn sylvania , and was In charge of W. J. Sell. This delegation was held ten or fifteen mln- utca till a second train of eight coaches lilted with business men , farmers nml other citizens of C'orry. Pa. , arrived , and the two parties were combined and marchrd to the MeKlnlcy home , where one address siifilced fur both. Itov. S. A. Smith spoke for the Corry party , nml W. J. Sell for the Erie party. In the course of his response , Major Mc Klnley said : Some people say we Imve not enough money. The trouble Is. my fellow cltlr.cns , wo have not enough confidence to put In circulation the money we now have. We have Just as much money as we over had In all our history and It Is ns good Is It ever was but the trouble Is. those who have It ate distrustful of the future and they won't Invest It In Imtiiflrlot ami enterprises that give emi.loyment to l.ilior. Now , what , wo want to do llrst of all Is to restore pub- j I lie ami private confidence ; let the whole ' world know this year that this nation pro poses to keep all Its contracts Inviolable mid continue a currency that Is worth HHI cents on the do lur every day and every where. A delegation from western New York , con- Elstlng of professional men from the cities and farmers , dairymen and grjpc growers f i om the surrounding country , arrived this afternoon and paid their respects to the re publican standard bearer. The delegation , which filled eight coaches , left Dunkirk , N. Y. , last night. The Introductory address was made by Congressman W. II. Hooker of Krc- donli. l > lll.\TiitS : lit Ml TIII3III IIISIMCSS. Kloot Ollleci-M. Punt n Mm Hour I.n v mill CliooM * S.vriiciiNi * . COLORADO SPRINGS , Colo. , Oct. IB. Tcday'd session of the International Typographical graphical union was the most Important tlmt has been held slnee the convention opened four davs ago. The business of the elec tion of olMcers and the consideration of the adoption of a nine-hour labor law ran the session late Into the night. The election for the offices of president , first vice president and eccrctary-treasurer wore all hotly contented. The following ' pfflpgrn fhqtcnr.forj'-tho ensuing term : 'President , WTH. PrcSSott of Toionto. Out. , rc-clectcd ; secretary-treasurer , John W. Hramwood of Denver ; first vice president , T. W. Perry of Nashville , Tenn. ; second vice p.vsldent. George W. Williams of Hoston : Third vice president. Hugo Miller of In dianapolis , re-elected. The following delegate * to the American Federation of Labor , which meets In Cin cinnati , December 8. were chosen : Ed IlHrsch of Ilaltlmore. Md. ; Daniel J. Sullivan of New York and Krank Morrison of Chi cago. Sixteen district organizers were elected to look after the Interests of the International TyiMigraphlcal union In the sixteen districts Into which the United States and Canada are llvtdcd. The trustees for the Chllds-Drexel Home for Infirm Printers , situated In this city , .vero ( lectcd us follows : L. C. Shcpard of Orand Uaplds. Mich. ; James J. Daly of Philadelphia ; Thomas McCaffery of Colorado Spilngs , ati.l J. W. White of Kansas City. The meat Important Item of business r.uiiEaclcd by the convention at today'n ses sion was the passing of the nine-hour labor law. An clfort to pass an eight-hour law was defeated. The nine-hour law has now to be voted upon by every typographical union In the country before Its final adop tion. In 18SC such a law passed the Inter national convention , hut was defeated when picacnted to the various typographical unions. The members of the union unanimously oted $2.590 to prosecute the boycott which union No. 80 of Kansas City. Mo. , has de clared against a publishing firm of that city. Syracuse war chosen as the place of meet ing In 1S3S. Ths union this morning , after n warm discussion , voted to strike from the minutes the following resolution : "Resolved , Dy the International Typo graphical union , In convention assembled on the summit of Plke'ti peak , on this 14th day of October , 1S90 , That we hollevo In the free and unlimited coinage of silver at llu ratio of 1C to 1 , and the adoption of laws restoring sliver to Its rightful place as tin sanut existed prior to 187.1. and this without waiting for the consent of any other na tion. " IIAXK'S KIXAXUI3S AIII3 NOI'.MI. ' . llnn'nlo llml < Cliiscil llocnuso KM Of- lloerNVir Sliordiiiniloil. IIUKPALO. Oct. 15. No statement of tin assets and llabllltks of the Hank of Com merce , whose directors decided to suspend business today , has yet been made. The bank was supposed to be one of the soundest fltmndal Institutions In the city. The Indl vldual deposits were $1,039.960 ; hank de posits , $547,490 ; loins and discounts , $1,783 , 920. 920.It It lo hoped by the directors that after ex amination hy the State Hanking department the liunk of Commerce will bo enabled to rt sumo business. It Is learned this afternoon that President R. R. Hefford of the Hank of Commerce resigned signed that office October 1 for two weeks Therefore the bank had been without a pres. dent or cashier. Attempts at reorganisation having failed , there was nothing honorable left to do but close the doors. The follow ing statement has been given out : The doors of the bank have been closed , not In cause It had not money to ji.iy out , but because It was de-sired by the olllcera of the bank to do full Justice to Its cred itors and not make tbomnelves criminally liable In caue It was found that the bank's capital was Impaired. IM'M.MA.V I'll 0 FITS FOH A YUAIt. Tbreo .MIllloiiH In 1)1 vlilcinlH anil n Million anil n ll/ilf of Niii-plii * . CHICAGO , Oct. 15. The annual meeting of the Pullman Palace Cur company was held today , over 127,000.000 of the capital stock being icpresi'iitcil. George M. Pull man , Marshall Field , J. W. Dowe , Norman Williams and 0. S. E. Prague of Chicago ; Ifanry ( ' . Hiilhi-rt of New York ami Henry H. Reed of Ilostnn wore rt-clccted UK direr- tors. The UHual quarterly dividend of { 2 per share was declared payable November IG. * The board of directors elected the follow ing officcm : George M. Pullman , president ; Thomas RVlcken. . vlco prculdent ; A , A Wt'ltuhcmlcr , secretary. The total revenue of the company during thu last jcur was { 3.2I4.3S2 , and the tola ! lUliurseiiunt ; ? .r < G.97.r . leaving a urilua | for the year of $1,017.407. Of thu ilUliuigMin ois ! 2O.OOJ won paid out In dividends Thr number of paBicngorii curried during llu. jear wus CIK'VC5 , against 4,788,009 lu the preceding year ; BIG CROWD GREETS ALLISON BoytVs Theater Not Lnrgo Enough to Ao- comuioclnto the People. ilASTERFUL ADDRESS ON FINANCE CiInuof * 7t ! anil ( lie Slii'rinan Act OI Work of Ml\i-r All in- ( Inner * mill Their HeprcKi'iitn ( U ! In Hie National Senator William H. Allison was given a most hearty welcome to Omaha last even- Ing. The size of the audience that greeted him was limited only hy the dimensions of Hoyil's theater. Every part of the house was filled. The stage w'as crowded with prominent republicans and sound money democrats , the boxes were all occupied by representative citizens and their wives and daughters , whllo there was scarcely a va cant scat to be seen In the body of the house , from parquet to gallery. Among those noticed In the boxes were : E. L. lller- bower and friends , J. H. Evans and friends , Judge DO.IIIO , Miss Daisy Donne , Miss May Untidy , Lafayette darner , Dudley Smith , Ucorge W. Holdrege and friends , Colonel Patrick , Ralph Hreckcnrldgc. John L. Ken nedy , E. P. Davis , M. T. llarlow and others. On Ihe stage were : J. H. Mlllard , Judge Wakeley , Henry W. Yates , Alvln Saumlcrs , Judge Strewn , Judge Macomber. Colonel Cornish , Prank E. Moorcs , 13. J. Cornish , Herbert Rogers. Samuel Hums , William Wallace. A. I' . Wymcn. John 1. Rcdlck , Dr. Olasgow , William J. Carroll. Judge Ander son. Dr. Hanchett. J. C. Wharlon. Edward Rosewater , H. J. Penfold , James R. ICelhy and many others. The Seventh Ward band , which had played a number of select Ions In front of the opera house , opened the meeting with a martial air. When Senator Allison , In company with the presiding ofilrer of the meeting , General Mamlerson , entered there was prolonged ap plause. The latter at once tailed the meet ing to order ind said : OUATll-MIJI ) AT THE ASSEMIILAOI3. "I want to cxpicss my gratification at seeing such a.large ami representative gath ering to meet our distinguished guest and our visiting neighbor we have with us to night. Hcfore Introducing the speaker of thn evening I thing It Is well that wo should listen lo some vocal music. " The Webster campaign quartet then ren dered n timely parody on "Just Tell Them That You Saw Me. " A hearty encore fol lowed the singing of this selection , and the quartet responded with another appropriate song. Then Kcncral ManderGon called for some Instrumental music , saying : "There Is so much In the campaign of ' 00 that recalls the memories of the 'COi , that It has been suggested that we listen lo some fife and drum corps music. " After a couple of selections by the flfo and drum corpn ( leneral Maude mm Intro duced Senator AllUon In the following brief speech : "The republican party has never In Its forty years of life made a pledge that ban not been carried nut. ( Applause ) . It abolished ished slavery ; It carried the country through that trying period of reconstruction. It largely paid the. vast debt that the awful war entailed. In all the experience ! of.tho- party our distinguished visitor has ever stood In the foreground. Entering on pub lic service In the dayo of Lincoln , he has always been a prominent figure In the gov ernment of our country. He Is a modest man , and I shall spare the blushes that I know would come to his brow should I re cite the many deeds of his truly great career. " Cicncral Mamlerson then spoke of Senator Allison's part In Ihe Hland-Alllson bill , that provided for the purchase and coinage of silver by the government. He also stated that the so-called Sherman hill , the work of a committee of which Senator Shernun wus chairman , was reallv the work of Sen ators Teller ami Jones. "In this campaign , " he continued , "when the ability to fully comprehend the Intricacies of the financial question comes to but few men , It Is a rare privilege to listen to a man who as n financier and statesman stands without a peer In the country. Senator Allison ot Iowa. " OAVI3 HIM THREE CHEERS. As the distinguished gurot arose to speak ho was greeted with thunderous applause. The applause noon gave way to a moro hearty form of greeting. Frank Moore called for three chcern and they were given with a vim that must have convinced Sen ator Allison that Omaha most cordially wcl- conud him. In. his opening remarks the speaker paid his respects to the administration of the party that made such full promises four years ago. The farmer especially was then Insured of good times If the democratic party was entrusted with power. Ho wa told that both the home and the foreign market for his products would ho better , but the failure of the iK-moeratle party to make good Its promises had been abundantly demoiiHtrated. "Doth the great political parties of today have great histories that they may point to with come pride , hut neither the democratic nor the republican party can win thlr election en Its history. Yet I believe that It Is well that we should look Into the records of the two parties for a moment. This Is the flrut tlmo since 1SG1 that any party has assailed any form of our national government. The republican party has always stood for rev erence for law and for the constituted au thorities of our states. Coin-fining our na tional government our parly say.i Ihe laws ot the nation arc supreme. Indirectly the gov ernment Is asjallcd In the Chicago platform of the Ilryan party. It pecks to array claea aguinet clam , fie claFprq against the mas'ies. "Wo follow the example of George Wash ington , the father of our country , who thor oughly believed In Ihe unity of the people of the country , and who thought It Impotj- slhlo to have prosperity unless It ho shored by every other cltl/.en In the country. Wo believe that all people must he placed on an equality respecting the benefits of good government.'t are told hy our frlendo , the enemy , that In order to provide fen the welfare of the nation It Is necessary to pro- vl'lo for the free and unlimited coinage of sliver at the ratio of 10 to 1 without the aid or eminent of any other nation on earth. To this the republican party IB tin- iltcraUy opposed. ( Applause. ) Wo contend that Instead of heiiLfittlng < ho people It would only multiply the existing evils. WHAT IS MONEY ? "Let us look Into this money question. What Is money ? Money Is a thing we do not connumc. We neither cat It nor wear | t. Wo do not use It to build houses. Wo uxo It as a medium between buyers ami elle.ra In transactions we call thu mnltlni ; of exchanges. ( ! old and silver are practi cally the only elements that possess all the qualifications essential to money. They pos sess durability , stability of vulmi ; they are of easy transportation and they lire easily divided Into small partlclca , RO that they may he used In large and small transaction ! ) . For thousands of years they have been thu two cle.mcnta used an money , and , tdiuuld this planet continue to exist that long , for thousands of years to come they will bo thn metals used UH monoy. They are also of limited quantity. They are not to bo found In Much quantities an to destroy their IIHO as money. "Thcro Is more silver than gold In thn world. There has never been a time that I know of when an ounce of silver could hi > exchanged for an ounce of gold. In the early centuries eight ounert ; of silver equaled one ounce of gold. How wan thin ratio determined ? It wtm tianed upon the i dative quantity of UIIKO nielilx found In iho world. About 1-m the latlo UUB 11 to 1. . 'con afterward a large silver mine wus dli- rovcrcd In Peru llu product n nent to Spain , from them It found UK way Into Kuroro anil later into Ada , "Then came a struggle between. Europc A
