Chicago Daily Tribune Newspaper, August 12, 1881, Page 2

————————— OOOO Sw==_—— THE CHICAGO TRIBUN : FRIDAY, AUGUST CRIMIN AL NEWS. Yollow-Jackets overywhere elec, Ten nnd bacon for breakfast, and nn curd of whiaky-bottlos Macked behind cable. Struck © bonnnzt. Is erazy now tu bry an “Old Master.” Wants on- other “restored” dovr-inat to tike home. Frenen connoissonr tinds bin one, Finds tt toa third-elnas restaurant, Mas hungon tho watl 20) ‘enra. Beautifully smoked and tiy-specked Fiy-apecks dite bnek to tho time of fonts XIV. Only ono cnr and one front tooth yisivle, Pore trolt. Connoisseur discovers it to be a genuine Unido, “Ton, Buys it for Avo conts. Hus it “restored.” Bigh-paintor, | Beautltut frame, Bells It to lover of Tigh Old Art from Slumguil- for Flat for 600,000 francs. Picturo shown, fow apprectative friandson arriving tu Now York. Hentutiful, What coloring! What style! What anenr! What a front tooth! No tea-storo wonld dnre to offer It, though, fora prize chromo. ‘consequent on purchase of five pounde of. tea. OANADA. ATIORRIBLE MURDER Speetat Mepatch to The Caleago Tribune. Ortawa. Ont,, Aug, 11,—One of tho most hor- rible murders known in tho annals of Ottawa's history was committed Inst night in Mount-Sher- wood, © — southern subirb of (Bo city. ‘Tho tragedy was onacted about 2 o'clock this morning, but nothing. was known of tho blooity work until «about 7 o’clovk, when the dlatigured boty was discoy- cored on the roadside Just outside tho city Nmits by a farmor on his way to market. The partic- ulars aro os fullows: For somo time past James Wothorall, aged 7 yenra, a widower, and Mar- guiret Doughorty, n widow, nged 60, had been kocplng company with each other. The out- come uf tho Intimacy being an amour whioh waa Icgalized Inst night at the rosidoncoof a Mrs. Horrible Confession of an Old and Superstitious Negress at Washington. The Mystery Surrounding the Mur- der of Two Children Cleared * vs, Away. | \ An Ex-Soldier Murdered Nenr Pittsburg for His Ponslon, ra A Laborer Glubs His Wife's Brains Out at East Dendham, Mass, AN EX-80LDIENt MURDERED FOR IIS PENSION. Speelal Dispatch to The Chicago Tribune. Turrsnuna, Pa., Aus. 1.—The tatest horror, in this catinty wns developed this morning near the Httle town ot Freedom, 0 few tiles from the alty down the Ohlo River. Two raftemen wero hauling snw-logs niong tho bank. When in the midst of an nimost Impenotrable thicket of willows they cnme across tho body of ninan atrapped toa board with the hands tied across tho breast with a stout cord. Ono lex was, misie ing, and portions of the face and breast had pearances” Jodlemted what” the body fad | teeter Stee "Wie “Hreshetorin Eh been iytog . where it wns found | fater at ‘Soohesterviilo, “When it waa * gwoor threo weeks, An investigation was in- | tecertatnad = that | the = nuptial = knot bad been ticd the sinall boys of the placo gath- cred togethor, and, armed with pots, pig, horns, otc,, caloulated to produce discordant sounds, begin to demonatrate. Thoy kept stituted atonce, A tnan living in tho vleinity gaid that two or three weeks nxo tivo tnon, one of whom wasn one-legged soldier, hinds sono troublo with tho keeper uf the bridge aC Roch- | np a porfect. pandomontum tor sovoral hotir ester nvout tall, Tho soldior said ho was golug | after which tho leader confronted the ago to Pittsburg to draw hie pension, and was taking | bridegruom and demanded a dollar, He com- the other man, whom be knew very woll, along | plied, and, after being treated, tho crowd dis- to keep bim company, The theory ia that thoy | persed at about 9:46, Bverything remained reached Vittsthurg, drew tho pension, and | quict for a whlie, and the happy couplo cone aturted on tho | homeward Fas ta- | gratulatod thomecivos at being ict off 80 casily. gether; that when thoy reached tha | About 10:00, huwever, a number of grown-up pluco | where body was found roughs, henring of the success of the boys, mado ademand for $2, ‘This was refused, and tho charivari began in ronal carnest again, tasting until? o'clock this morning, during whloh timo stones wero freely thrown, At 2:10 o’cluck tho bride says two men broke in the door and de- inanded’ $2. Her husband told thein to leave 0 the soldier was murdored by his companion, robbed of his monos, his body tied ta n board gnd buried In tho sand on tho river bank; that the Into rise In the river wastod tho sand away find exposed the body, which was finally discov= ered 18 etnted. Tho body hore marks of Inany outs and bruises, indieating a fearful struyele. | instantly or he would strike thom with a stick Thadiscavery an iked intense oxaltemoutinthe | which he bold in hishand. They laughed at nelehborhood, and hundreds of poople turned | him. and sald thoy wero bound to “Hold tho outto view the body. The home of the sup> | fort” until the money was fartheom- nosed innrdérer was visited, but ho had town. | Ing, t this Wothernll raised the atick Joteotives are on his trail, but with Httle prog: { and struck one of them over. th nevt of overhauling bint, The name of tho sul- Glor wie Anderson. aA NORRIBLE CONFESSION. Special Dispatch to The Chicago Tribunt, Wasninaron, D.C, Aig. 1.—Tho mystery was cleured awny to-day from one of the moat unnatural and revolting crimes ever perpetrated in thls District, Last Saturday two Infaut chil- dren of Mr, Fishor,a imarketinan. In thls city, were disvovered by him on bls return from bis day's Jabor dead beneath some trees in his yard pnd most shockingly mutilated. Suspicion at- tached to an old negress who lved nene by, and sho was arrested, To-diy she cniled the potico nuthoritics to her coll-in tho police station und gavo them nfull confession In tho following » Inngunge:*1 was going ‘along the path, Tt ‘mus not God Almighty that got into me, but it avns the Dovil, and I coutd not belp killtng thom, 1 did not uso thu ax or the washboant, but a plece of-wood ns big as my arm, The-cblldren wero running about benind the bouse. Lstrack the one with long Lule tirat, I don’t know how many times T hit them. ‘I saw tho ax In the wood-plie after Lhud hit them, What J killed thom for Luo not know, Tho Devil got into mo so that f could not hulp it. 1 pleked up tho 18 shoulders, Thoy both left, aud the old man fol- lowed thom. Nothing more was secon of hint until this morning, when bis {feless form was loked up by the farinor a short distance from tra. here 's house on nother struct, Coroner Robvetnilie was lmmediately notified, and had tho body removed tousuitablo pluce, whero a ties, was empaneled. Denth ts supposed to ave been produced by A wound on the bond back of the left ear, cnusol by a blow from 4 etick orstone. Tho affair has created great ex. citement in the suburbs, and ts the general topic of conyorsntion in the city, Tho clty po- Nee ore working up the caso. Nonrrests tive na yet been made, but it is more than probable that tho two young mon will be in custody be- |. fore long. —- - KNIGHTS OF MACCABEES. Special Dispatch to The Chteago Tribune, Tonoxto, Aug. 10.—Tho great onmp of tha Knights of Maccabees met this afternoon at Albert Holl, ‘This camp was arigionted by Mr, W. D. MeGuoghlon, of London, Ont., and fa an. dffshodte. from’ the athain supreme tent which mot in Toronto a tow weeks ago. Tho, question as to which is tho original tent or camp has xiven rise to. much discussion, not only between tho, par- stick in the rowd, I never tail any one about it | tes Inttested, but also? in tho prosi; but you (Capt. Vernon and, Sr. White), Ebe- | but it. would appenr that tho partics evo It has wortied me -hulf to death, I havo | now ‘in ‘session jn Albert Mall are: the told the trath to you whita peuple. It is tho. truth off of my heart. 1 throw the atick away as> far ae TL could.” : After making this atntement sho was puting police van ond quickly removod to the samo Jail ug that in which Guitenu is confined. ‘ihe ‘wornnn's confession 1s a good exainple of tho superstitious Jargon of many of these ignorant people. The police ‘oftlcer who heard tho atory tells me she gave It without be- traylng uuitation or romorse, Khe evidently utes the blame on the Dovil, and thinks that shu is to. be more pitied than punished, Asis so frequently the cnso, tho pilin adopted by tho griminal to shictd herself was the cuuse of ber ‘discovery. After killing tho children in, tho tmunner Gesoribed, she went to ber shanty, Sub- seqhently, to avert suspicion, she visited the houscascoond timo with a srashbnard, which she left on tho promises. Itwas at. this recut + visit that sho wns secon oe tho notghbora and her excited motions noted, The washbourd was found and identitied o8 bers, and eho was arrested inaluly on that proof, The Idea was that bho hnd killod the children by hitting thom with this utensil. This, asthe urent hus proved, wis am entirely erroncous suspicion, but tha woman, finding that tho washboard .wag dsonverad anid used ns ovidonca against her, became panfo-strickon ana confessed the whol facts in tho case, Tho officors sny that bnd she not re- visited the scene of tho murder sho would prob- ably not have been auspevted. rentown and only and original Knights of tho Maccabees of the world, The proceedings of to-ay’s gathering wero somewhat summarily disposed of by an Injunction boing served upon Mr. McQloghion restraining him and his aupport- ‘ors from transacting any business of the Knights of the Macoabecs under palu of a henyy penalty, on the ground that the. Supreme ent, which snot hore lust month, fs the ouly tegally conatl tuted body empowered to carry on the business of the Tent. This injunction was obtained from ©, Forguson to-day, and: was served 4 nt lp. m.,80 tint any business whioh may have been oxcouted is Hicgal. The whole representa: tion of the seceders only numbered: elzhteon ‘persons, Tost of whom arc porsounl friends of , MoGloghion’s. Dr. H, :Di. Kast, reprosouting tig Supremo » Tent, -watted upon . thos asiomifed in Albert, Hall, to-night, and McGloghlon stated that bo Intended to have nothing whatever todo with the proceedings, and accordingly Jett bls party. at 8 Bi ifs supporters also filed out of tho “building, and a procossion wus then formed py the Toronto Irecabecs, who. aro adherents — of the Supreme * Tont, aud + proceeded along King and Yonge stresta.’ The demonstra tlon was made on accountof the misrepresentn- tlons which have hrisen owing to advortisemonta haying been Ingorted Iu the Maccabec Tent Juur- nal to the effect that some 140 tents in Caonda ond tho United States had seceded trom tho Supreme Tent and gone -ovor to the prety who wero enjoined by the writ issued toe dhty Crom Curther proccualings. Thosa state- monta [n the Journal were acknowledged to bo incorrect to-night. * “UNCLE SAYS MAIL-BAGS, Specta: Dispateh to The Chteago Tribune, Tononto, Aug, 11.—Tho Glode, in an editorial ‘on the mail-bag question, enya tho complication STOLEN KONDS. P 2 Rpectal Dispatch to The Chicago Tribune, Lexinaron, Ky., Aug. 1,—Tho ofticers of the Cittzens' Bank ut Paris to-day scoured 9 clow to, and it {s-sald obtaincd possession of, tho $20,000 worth of bonds stolen from the bank by blirg- lara soveral months ago, Cooney Knowles, a noted thicf, who had worked in a renovating cs tablishmont adloining tho bank, waa arrested as ‘that .hag arisen over the uso of United States Deine one of Che bunwlars and sent un for waa | muil-bags fn the Domtalon postal sorvice 8 Nitto uspected and arrested, but discharged. | creditable to the Canadian Government, It Conper Te ae ae noe | shows Inxity and wantof onre in the admints- Jor his: wite te-comata Newbartciy. ing tration of -this important department. As no strilbtforward denial bas beon given to the American stntemnent asto the extensive amploy- iment of tholr mall-bays on this alde of the lino, itis altogether probahlo that thoir complaints are well founded. The conoluston that, beonuso tho Canadian Government uses Amorican mall- bags, the Americans probably uso about. tho samo nuntber of ours, and that it ism mntter of give aud take, docs not seem to be horne out by the facts, | : A FOOL'S DRATIT, Sypectal Disvatth ta The Chicago Tribune. . HAMILTON, Aug. I-A man named Andrews, riding on the train of tho Great Weatern itall- road, between Hamilton and Capetown, was alvlog spociinens of bin dexterity by awinglog from the step of one cuach to tht of the other, whoo bis foot olthor missed the atep or caught, eng wills wild yell bo disappeared under tha train, which ut tho tiie was gol! oar! apeed, When taken up it Aras oun tha ie top of hig houd hud bee cut off, and portlona of ils skull aud bratua were found scattored along: tho track, He belonged to lochester, —— PROBABLY WRECKED, ‘ Sr, doux, No, At. tL—Advicos from the West Const state that 9 bottle was picked up Monday at Fishall Bay, St. George, con- jntalue tho following latters tho achoouer Blorning Star, off Hi alnking (ast, The Capt in iecamed hein of Piotou, N. 8. Louded with coddab from Late rador, Please roport this in the frat printing. oltice, Itis Hkely mil ‘bands will, be loat. God fave our souls, Urew on rd, John Snow, Master: Wiliam Fisnn, Jobo Edwarda, Willlaus Young. Juno 2s, 1681, this moruing at 8 o'clook, but botore Jeavin, Was seen to dig wp wt box In the bick-surd, which, it Is supposed, contained tho stolen bouda, At any rate, the bank officinis tele- ea phed for ber arrost, but the closing of tha Paris tolegrph office prevents me knowin whether she wiq scoured. A woll-authanticutad rumor is that wpriyato messazo to one ofthe bunk Directors says sho has boon arrested and tho bonds secured. e é A WOULD-BE FRATRICIDE. Rectal Utapatch to The Chicago Tribune Britxavinnn, IL, Aug. 1L—Tho Village of Bufalo, vixtoon miles onst of thiv city, on tho Wabusu Rallway, was thu seene of a shooting afray betwoon two -brothora to-day, in which Walter Hathaway attempted to end the tfe of his younger brothor, Frank. Tho older brother has been rethor dissipated, while tho younger as alivays been very stondy and industrious, Walter was under tho Jatluonce of: tquor to-day, and, boouming vexed ont Frank, procured a shotgun and. tired on tod ‘of bird-shot Intu tim, Frank's injurios ure port= ous, but will probably not provy fatal. Watter was nrrosted wad taken before Justice Grubbs, of Duifalo, who fixed his ball at $150, Unie waa Ecomett furnleued by the Sarer, And the wontd- a fratriolde toft on the next train, having beon supplied with money by his futher, nud ts not likely to bo seven around Mudaio again. Tho Porgy welonse to a woll-tu-do and highly respected INGUWAY ronpers, Orxornwari, O., Aug, 11L.--Notwithstanding the capture of two ucyro highwaymen, who have have been shooting and robbing In tho viviutty of Oakioy, six tniles northeast of Cincinnatl, Mr. Gottics, n farmur, was stopped ‘Inet night noar Oukloy by two mon who demanded his monoy, He resisted, and thoy atabbed bin severely, bit dis crics brought help, whon tho villulns ted aud escaped. * —_ CLUBBED IS WIFE TO DEATH, § Basr Depuas, Maas, Aug, 31.—Jamos Gately, ® laborer, has beon arrested on tho charge ot clubbhig his wife tu death. The walls aud cotl- VENNOR PREDICTS A MIDSUMMER . SNOW-STORM, Ayprctal Dispatch to Ths Catcago Tribune, Montnyan, Aug. 1.—-Mr. Vennor is about to leave for the While Mountains, and nske bis friends to mect bim on the summit of Bit, Washington betweon tho 15th and 201b to witnesa ‘ing of thelr bed-room wore bespattercd with | 2s0mner snaw-storm, Ho says, “Bring plonty Dlood, while the viettta, with er end smuasten, OF wraps with yous Sieg to tas oe cee soaked through tho Lod: LORNE AND THE PRINCESS, Bprttal Dispatch to The Chicago Tribune," Orrawa, Aug, 11,—11ls Excellency {s oxpectod back about tho oud of Octobor, and it fe stated On oxcellont authority that the Princess will join bhn then. | she was williue to acoompans hi the Northwest, but the Doctors prouiuiisa rca 48 aieeet , SMALL*POX AMONG PIGs, Syectal Dispatch to The Chicage Triduns, MonruwaL, Aug. 11.—It appears that ematl- pox of amore or Icas sorious typo bas broken out omong the pixe of Bt. Gabriel Villa Jarge number b i vo dled and others aro atootes, ——__. ESCAPE OF A CONVICT, Bpectal Dispatch to The Chicago Tribunte Laycoun, Neb, Aug, 11—A convict namod Frazior, a horso-thtof recently sent to tho penl+ tentlary for four yours, cacaped this ovening, A large number of cltizone ure now scouring tho vora-felds for him, ‘This makes the fourh con vivt that hag cscaped within tho past tive duys, + COUNTERFEITER ARRESTED, CincINNaT, O,, Aug, 1.—-Arthur Bruce, ollas Ed Grad, a man 63 years ‘of nge, was arrested to- day for passing counterfolt wliver coin. Ho was yecoguizod as a woll-known Detyolt criminal, A Jorge quantit; y eu herir ted Of wood allvor chunwzo wus found re ‘The Bonanza Man quad Mls ArtsTroase SEE ca ane ED A NEW CAPITOL BUILDING, Epectal Dispatch (o The Chicago Tribune, ATUANTA, Un, Aug, 11.—Tho Committco ap- poluted by the House to consider the adviaabil- ity of bulking 4 upw Capito: mado a report sind Whatue Capitol ee a et oe gO Oe The et Ure, Purie Correspondence San Fray co he ich “Amcrioane “Lavur oF Aree” Hatkatto it 8, tastes, Uttor, unuttorably utter, Fifteen years waueral linpryesion scems to be bY the report ego was alum {hing reservoirs at $3.60 | Wil bo adopted, | - ee au 7» Glad tu gut tha job. Rubber boots, blue ag ee ray laudl atin uw ce Moe OGRE |, EXD BAGLEY'S WiLL Hoo lusy' to moud tt At work wot sloove ulways | D&THOLT, Mick, Aug. 1,—Tho will of ex-Cov, fying up nd itn Blasi ie face, Rottod it neciey was fled for probate this morning, He up” abou per day, Sivoye | provides for carrying on bis large tobacoa man- funnedintely, uwuraile und whacky hin” a | ufucturing business, to eventually Ro fata tho aco wa bufory, Now pore id Slastors Ju Paris, Blumgull- jon School Lived in a rotten pine-loy cabin, ‘Burs, Gvas, centipedes, scorpions in tho walls. hands of bis four sous, If thoy oboose; gives $500 to the Unitarian Churob, and $5,000 for theerco- on ofa Public loovwater drinking-fountaln in x front of the City-Hall, providing the city under: tnkes to furnish tho ice between May and No- vember ened year, and keep It runing tho year round; $00 cach to tho Numan Catholic Orphan Asylum, Little Sisters of tho Poor establish: tment, and the Foundlings’ Home, & Proteataut inatitution. These are all his public bequests. To eycry employs who has been In. his servieo five yenrs he muvee 250; fan yenrs $100; fifteen years, $200. ‘Tho balancw of his large oatate ts divided among the family, consisting of his velfy and seven children. sFIRE RECORD. AT SPRINGFIELD, 1LT. Spectat Dispatch to ‘The Chteago Tribune. Srnixavizny, I, Aug. 11—Tho lidgely plainiug-mitl, on tho corner of Third streot and Capitol avenue, wis burned this morning about Bo'clork, It appears that tho watebman startet a fire as usu! in the furnace and wont Losweep- ing out, While thus engaged the furnace Mors werd blown open bya putof wind auda fro Xindled in somo shavings which was speedily beyond hia control, Tho mill was entirely des atroyed, but tho lumber tn tho. yard was mostly aved, Tho loss is estimated ns follows: Henry Hidgoly, will and hymber, 810,000; D, 2, Loppinig, carpontor shop and tools, $100 Muore & Clay- ton, cantonts of stable, $140. Tuers was no fie auranoo ounny of the prepurty deatroyad be- couso of the high rates naked. — ICE-ITOUSES BURNED. Smith & Co., whose nino fee-houses at Colue met wero. burned tight bofore Inst, now: ostls mato thoir loss at nearly $25,000 vvor and above tho Insurance. Tho Insurance will uot Densmuch asant firat supposed, $12,500 boing about tho correct fluro, instenl of 810,00U, {Thoro wore fu tho nina hoses avout 28,000 fons of ice, worth $1 per ton, almost the whole of whloh 1s lost, or will bo. ‘Tho howsos wore worth $1,000 onch, and the machinery und various ap- i lances destroyed were valued at sumothlug ke $2,000, AT ERIE. PA. Ente, Pa, Attg. U.—-St. Paul'a Episcopal, tho finost church In tho city, was damygeed by fro this morning to the amount of $15,000,—€5,000 on. the butiding and $10,000 on organ and furoituro. ‘Tho fire caught in the organ from a lamp in tho hands of the janitor, The building wag ine aurod Cor $6,000 in the London, Londen & Lan- cashire, Liverpool & London & Globo, and Metropolo of Paris, Tho orguu and furolture wero notinsured. ‘* i AT BEACH JIAVEN. N. J. Tnaxton, N, J, Aug. 11.—The Parry Houso, at Boach Haven, burned early this morning. Tho gucsts lost all thelr property. Tho loss on tho buflding will reach $70,000. ‘Tho loss of: tho 240 boarders ts considerable. Tho miests, men and women, arrived at Camden thia forcouon ate Ured Jn bathing sults, DISCOURAGING OUTLOOK. The Crops Almost an Entiro Failaro in ‘Southern Wiinotse~Probabillty that tho People of Egypt Will Bo ObHged to Sabstet Mainly on County Funds Dur= ing the Next Xcar. ,” Brtetal Dispateh to The Cateaoo Tribune, SPRINGRIHDD, tM, Aug, 11.—It has beon gon ornily undorstood that Southern Illinoia has suf. ferod from an tiniaually protracted drought, but for some reason little or nothing oxcopt an occasional niluston to the fuct has beon pub- Mehed, ond tho public has bad no idea ors appreciation of the trio state. of ‘nifuira. Henntor John i. Tannor, of Loulsvilic, Clay County, one of tho prominent men of Southorn [isnols, who ia al- ways well posted In avorything rointing to tho interests of Egypt, arrived in tho olty to-any, and paints a gloomy picture of tho condition of natatrs in that seotion, In an interview with Tne Tinsuxe correspondont, Senator Tannor snid that he had reeootly visited tho Counties of Fayotte, Marlon, Jeferson, Hamilton, Gallatin, Wayne, Edwards, Wabash, White, Lawrence, Richland, Clay, Jas- per, Crawford, and Effingham, and could apoak frou personal knowledge as to tho situation in. thoso + coyntics, but tho entiro southern portion of tho State south of tho line of tho St, Louls, Vandalia & Torro Hauto,Rallrond fa almilnrly ‘nfeoted. - Benator ! ‘Tannor, after.oxproasiog ‘surprise that so little had been said nbout the appalling condition of Bouthorn Ii!/nole, sald that even the pooplo liv- ‘ ing thore did not boginto approcinto thoir sit-- uation, Continuing, bo auld that they hind | beon enjoying good crops, and bad beon-living comfortubly without apprehonding.a-total loss of all thelr moans of subsistence, Thoy. had sold | of their) surplus _ or fed tt ont | to hogs, and, as ft -rulle, wero, depending almost entirely . upon: this year's-orop for subsistence, Now, thor wre many fine farms | of {WU neres or more from tho products of which not a dollne will be realized this your. Being tne terrogated aa to the eect of the drought upon || tho ‘avent crops, the Senator: repiiod that iu. the | territury 1° had , deseribed in portions of = soma of tho counties nortt of the Vandalla Road thera bud not beon a drop of rain since June 30,—n period of. forty-three days, During | this - timo the heat bad been very Eporossivo, tho thormometer: ranging « from up as hich os 100, with only oovasional oxceptions, The bighest point was reached on Monday and Tucs- day of this week, whon for sevorat hours ouch: day a hot wind provutled thnt wilted ovory species of vegetation, aven tho leaves on tha treca being crisped. The oldust settlora say thut the bout and drought this . season huye bean unprecodented, bulug much worse than In the femous dry year of 144, when thoro wos. good whent and oat orup and plenty of prairie grass. Judging fruin. bls personal ob- servation and the reports be hus recelyed from othurs, Senator Tanner estimntos that tho yield of wheut In the territory wWready mentioned docs Dot exceed three to ive bushels an acre,—about aquirter of an avernge ylold.—nand of poor quality. Tho vat urop is about balf an average ylold, und buy about bulf a crop, while corn jaa. complete fullurc, In tho entire belt ‘tho acrenve ptnnted will: not’ yield an” ayer exo of one bushel to tho. acre, All: kinda of -vogetution «ro nn entire fullure, -Pasturos havo dcon dried: up for more than three weeks, ‘nll apecics of opeta ton Leing os dry na it it wag BE {a Uecembor, In addition to this, the‘parched condition of tho gruas and stubblo resulte-in pusieraue cy and large accions of country "i ing the mult line snd branches of the Oblo & Bissisatpp! Kond huvo beon burned over. Being nuked whut the effect upon tho peoply of theso Unoxpogtadt eatamition would be, tha Sen- Ator atuted that the farmora would ~bave -to sell of all tholr surpits stack: “for whatuyor it ° would ‘bring’ ands”: ship dtoutof the country, ‘Thoy werodriving cattle, Toules, boys, and shuep to the rallraxa: stations and selling thom for what thoy could got. Thore fe nothing for stock to feed on, and wator {6 foaree, nil small streama- deluge” tha Kenator'a opinion ponulaton. will tive to .bo supported the countics until the noxt barvost, Fow of thotn renlizo this ag yout, because ench man, while knowing that ho Js short, expects to ob: tain help from his noighbors as herotofore, but will Gnd nivst of. bia uolyhburs aro no Letter olf than bimaelf, SenutorTanuor was aaked whother any attempt would bo mudo to sccure rollout rom the State vt tho speotal sosion of the Lug- Astaturo noxt wintor, He roplled that nothin cou\l be dono by tho Logisiature, nor would i, . lh, to) expect an appropriation when ‘the ®ountiog aro nblo. to keop those who suffor supplied with enough to ‘cal, ‘Thero might, however, bo & movement to see di rut Od, ani orhaps also postponing tha collection af outa, ” = JUMPED FROM A WINDOW, Newronr, It, f. Aug, M.—drs,. la” Harris, wife of 11, M, Harris, of Baston, Pa. whilo suf, ferlug from temporary dorangonient, Jumped {com the third-story window of a Kay-ratrect house yostorday, and was Instantly killed, Hho had boon hore since Jury 8 and leaves # oblld 19 montha colt, Her busbaid returned home lost Hie oat i na a TTS y chcorful for her and Aftor broakcowt this nioroing.. ; e eu — THE: MINT: INVESTIGATION, BAN Panotsco, Aug, IL—At the Mint invostl:: gation to-duy Director Jurchard tuatiited that ho consldvred the waataye at the San Francisco Ming in 1878-'70 as uuuauAl, CONsequent ULOD tho Fooelpte of a large quauthty of low-grade bull- — TITUSVILLE OIL MARKET... TrrTvevinns, Pa. Aug, 1L—Pxrnoravm—Oll Opened at 760; Lighost, Thu; loweat, 14% 0; closed at "So; ehipmonts, 62,000; chartors, 13,500; run, 6000, 4 : ‘ Suastroke Extraordinary, St ls Republican. Ono of the two silivatore ut Benton Park was aunstruck yeaterday—the frat case of the kind on record, but ait was allloially Popur set bye Park Commissioner tt will not bo denied, “Tha alligator turned! over on bis buck, aud poppod Out bis eycs, showed other uniwmletakable (raptors Of sunstroke. The parkekoepor says i wae a oleur caso, Ilo bad-reud of the way Sunstruck puticnts ure troated ut tho City Diss peneneys but ho bad neither iva nor loo-wator with hfm, and us it was a bad case, ono that re - Aulred twmediate treatmont, hu brandy-bottle and gave Mr. Alllyntor a bly drau, ‘Tho vifoot was wonderful, ‘Tho patient flopped over on bis belly ayalo, and ¢wum olf scomingly Ay ante aga Dig bungey catteh Bony a lot of little iuionows, ‘Vols ts oue of the put alligatoré: reountly douatud to the olty by Demooratlo Gus, the salooukcoper on Syv- pat and Chouteau avenucs, aud it 1s sald thas 9 iy ‘was raided on the Dott, Bae a ve tthe bo SOLID ME Proceedings of the Convention of Bankers in Session at Niagara Falls. Govornmont Finances Discussed by Secs retary Wiudom fn an Intore esting Lotto doh Jay Knox on “Banking and the Our. renoy.of tho Country,” NIAGANA Fatrs, N, ¥., Aug. 1L—Tho Amer- fens Lankors’ Association resumed {ta session to-day, Thoinas Ionrs, of Mobile, presiding. The Chairman read a hutmorova speech, and tho Kev, dpin 8. Bukor offered prayer, closing with nn earnest application for tho recovery of l’real- dent Garfield. ‘Tho first paper rond wns that on Goverimont finances, bY ¥ecrotary Windon. It was rend by the Sucrotary of tho Assuciition, The follow- ing is ¢ SECRETARY WINDOM’S LETTER: Z Wastinaton, D, C., Aug, 8.—Georye Marsland, Esq, Corresponding Seercary American Bank- ers’ Association, Niagara Filla, Ne Y—Bint 1 huve to avknowledge tho receipt of sour fetter of June 20, 1881," inviting mo tv bo presont at the annual Convention of your Assvulation to bo held nt Ningara Falls the’ lth, 1th, and 13th insets, and to givo to the Convention n sketch of the funding operations of tho Govornmont since tho incoming of tho present Administration, I regrot that clroum= stances will not permit me to nccopt your Invl+ tnulun to bo present, and, as tho funding upera- dons to which you rofor are not quite complet> ed, no precise statement of tho transuctions can yethogiven. Lt muy bo stated! however, that When L entered upon the duties of iny present position, in March luat,1 found thitsof the toni ed Indevtedness vf the Uovernment, there wero of 5 per cent bonds, redcemable at tho option of the Government, after Mny 1, 1881, tho amount of $4tH),020,600, of which tho amount of $140,101,- 900 was ropresented by coupon-bonds;-and of 0 per cont bonds, rodcentablo at the option of the Jovernmont after July %, 1881, the amount of $02,205,600, of which €45,301,000 wero reprosent- ed by caupon-bonds. Only the coupons far the quarterly: Interest falling tue Muy 1, 1881, re- inoined upon the coupon 5 per cunts, and none upon the coupon 6 perconts; the sein nval iutorest on which would fall duc on July 1, 1881, THE NEFUNDING ACT by which it was propused to retiro nll of those bonds, and to Issue therofor bonds. bearing o towor rate of Interest, with several years to run efore tho Government had tho uption of. pas mont, aftor baying recalved much consideration by Congress durlog the Inst session, bad failed ‘to becuine a law, and the only resources pf the Government to meot the maturing obligations was surplus revenues and the amount of 052,200 4 per cont bonds, being a part of those jssued by tho nots of July 1, 1870, and Jan, 20, and remaining -unlasued, 080 Qr recs wore not aniticiont to provide for nll tho maturing bonds, and, owing to the length uf timo which suoh 4 per cant bonds bod to run be- fore maturing, {t was not.duetned ndvisable to Jasue mure of tho loan, /f such Issuo could well be avoided. * While thore was no {mporativo noccasity for providing for tha registered bonds of tho maturing loans, somo plan was needed to moet tho Interest payment on tho coupon bonds, and there seemed to be no. practicabio method of mecting theso paymonts without considerable expense to tho Governinont ns woll ns to the holders of the bondd. Finally, to mect tho demands of publlu creditora and ut the tle toavold tho calling of nn extra sess! Congrces, which seemed to bo THE ONLY OTHER ALTERNATIVE, the plan was matured which has boon put into operation and hne proved xuccesaful, Undor , this plun on April 11 there was called for abso- Jute payment on July 1, 1881, the small loan of £088,200, bearing 6 per cont Interest, and known as tho Orogon war debt, and at the sume tino for payment on the samo date thoG percent loansoftho acta of July 17 and Aum, 5, 180], Atnounting th §140,644,050, and the act of Murch 3, 1868, umounting. to $55,148,780; but to the holders of tho vonds of tho two Inttor Ieaus permission to bayo tholr bunda continued at the pleasure of the Government with intorcat ut the rato of 34 Por cont per annum, provided thoy shonid 80 requeat, and the bonds should be received by, the ‘Treasury. for that purposo on or be- fora tho 10th day of May, 1881; und !n the caso of coupon bondsyregistered atook of the same Joon should bo Issued thorefer. ‘Tho 0 por cent bonds to be continucd wero promptly recelved inn large umount, and now registered pues la sued thorefor, with the fact of tholr continu- anco stamped upon thelr face; but it was subse- uontly deemed advisable to extend, the time ‘or the receipt of: tha old ones to May 20, 1881. It was also found that foreign holders of tho 6 per. cont honds: were Inclined to dispuso of their. investmenternther than to aend them to the Treasury Tor axohatge, and tho immediato pay- iioat oF éo many toda abroad being likely to A DRAIN OF COIN’ FROM TS COUNTRY, and to disturb business, an agoney for tho ox- ohunge of the bonds in London was estublishod, ‘This plan for continuing tho danas proved ote tivoly satisfactory, there having been presentod in due titne for cuntinuance atuig per cent in- terost tho amuunt of $178,035,150, loaying ‘to bo Fal off from the-surplus revenues ‘$24,211,100, ‘or whtoh the Treasury bad ampto resuurces, Having succeoded In disposing of the 6 per conta on May 12, the Depirtment gave notico fat th, coupon bonds of re doan oF vn ai and Jan. © 71, would be paid on July 1, 1881, with o like privilexs of continuing tho bonds at Uig-per cent to such of tho holders ns, might request, and at tho samo tine the ‘Troas- | ury offered to reoulve for continuatico in like manner any of tho uncalled registered bonds of that loan to wn nmount not exceeding $:160,000,- 000, the romaindor of the foun bolng reserved with a viow of ite paymont from the surplus royonues.. Tho continued iM per cent bonds haviug a mackot price slightly above par, tha dS per conts in question were rapidly presonted, aud it bocumos necesency to axtond somewhat tho Imit fixed for.tho amount of registerod bonds to be accopted for continuance. On July, 1a notice for the puyment on Oot, 1, 1883, of tho registored fs not continued was given, and the resources of the Treasury will be amplo to meut thelrpaymont, 7° pret pe 4 ‘Tho transactions concerning the 8. per oonts are, a8 boforo stated, not quite completo, Prab- nbly thero will be continued {tall abort: $400, },000 of this loan, lonvirurto be pald 849, 5 the romainder of the loan having alrosdy doen pald from the surplus revenues under calls pre- ; viously wade, By this plan the Dopurtmont has: beon not only relloyed fram the embarrassmont of providing for the PAYMENT OF TIE COUPON INTEREST, - but bas reduced all the d and 5 per cent loans of the Govornment to a loan payable at the option ; of the Qovernnicnt, and beuring interest at only OY por cont per unnum, and this, with tho trifiiue expense to the Goyernment of propuring the now registered bonds and of paying the Retual exponacs of tho Landon’ agency, at which only three persons bave been employed fora few coks, issuing about $44,600,000 of tho continued The saving to the Government through the continuance of tess bonds is very wratifying, On the d por cunts continued the annual saving horenftor In intorest will Lo $4,451,078.75; on tho 5 per centa, assumin, 000 to be’ gontin- ued, the annual saving will ho avout $0,000,000, Biaking 4 total annual dorcafter in tho savin interest of tho public dobt of rye UT8T IM, a Meanwhile, from Murch 1to Oct, }, 1881, when these ‘operations willbave been som pletud, thoro will be puld Of 6 por canta, 224,011,400, and of 6 Der Uotta, SUY,220,600, mak! bunt saving in futerow’ of, $4,014710.00, 0 total reduction of tho Arronat abana lt duyen nionths teat cites was ter hl Han argo, whic! 6 Sof, willbe, 0. Gore 4 188i, ne. HOurIY nb" Oni be now stated, $01,470,020. ‘This saving In ine terest oan horeaftor be applicd ta the reduution Of tho debe, thus roduclug {5 and tho burdens orlaing therofrom more rapiiiy than herotnfora. Yours truly, : Wid ast WINDOS, «+ JOHN JAY ICNOX, of Washington, Coutrotior of the Curronay, was: Introduced, anid groat Applause and road un exhaustive addgeas on" Banking and tho Cur renoy of the Countty."”” Ho spoke ns follows; ‘Tho magnitude and tmportunue of tha bank- Ing busluess in this country cau perbapa bo best, Oppreotated by reference to tho distribution of 9 stock of the banks, and of thelr loans and doposlts, A fow yeurs ube tables woro preparers thawing, by Status and geographical alviulons, the aggregate ‘numbor of shares of Nutional bank stouk held, the niimber of abarobolders in cach Bate holding. the stock of bunks in’ thelr own Slate, und alvo uf those holding the stogk of. Danks {i otbor Btutos, arid the numbor of auaro: holders ownlug speciticd amounte of took, in froups of tou sharos or leas, over ton and Joss ot and M, GO) -ubures er at tho time | this i mont Was pros aren was SHAK bd; the numbor of shures, BOG i and of shareholdors, Soe iwir and enoh suireboldoy bo nusuiod to baye en tho head of asumily composed of five perasuy, thon they represented at least 1,000,000 of pursune havi Wd adircct intorost ju tho Nutional banks, With but few oxcuvtions, it was found that tha sharys of each Btate were held in each of tho a apuical Givisionsof the vountry, theashares of the banks in New Bngland and ju the sliddie Beatea boing held, log conalderable extent, n> the Southern and Western Bistes, while thosu of -th West and South woredisteibuted throughout the North and Last, thus showin the homoxones ous character of our opulaon. ae average Amount of stock hold Rone share! older inthe Rasterts States was $2,100; In tho Middle Bt oll $8, Moro thnn onetinlé of thy ebarcboiders hold. atoulk amounting to each or less, while less thaw one-tfth Uf the pumbor hold stuck In umounts of $5,000 exch, Of National Bunk sbaros, 2,001, roprovwuting about €,000,000, and issucd bY banks located fn twenty States, wero eee one countries; minung which wero 5 ans i ty ad : Me. and, Ireland, Germany, Vraace, Bw bsorland, Cuba, the West indies, tol- Ttaly, joo, Utussia, Turkey, Corsica, 12, 188I—TEN PAUL. japan, and Chinn; the shares being held tn eleven countries or provinces of thia Continent and adjacent ialunds, and in twenty-five coun: tries of Europe, Asia, nna Africa. OF theso shares, Tam gind to say that 6,510 were bell by ont noighbors and cursing on the othor aldo of tho river, the oltizens of tho Dontinton of Can- ada, 3003 of thom having bean Iasied by bunks in tho Beate of Now York, 12s by banns hie Massacbusctts, 107 in Mulne, and 313 in Michigan, DEVOSITORS. Tho average number of dupositors In 629 save ings banks In the yor 1820 wns 2.015,582, and the Averige amount Of ench deposit was 80.71. Later stutistics, reconily recelved fruny tho Comn= missioner of Internal Itovenue, show that tha average deposits of the savings banks for tho year onding May Oo, 1841, wore $831,000,000, ‘which, at the above ayeraxe, “wenld mAkE tho total number of depositors mare than 2,600,000, These dopvaits wore chiefly held by heads of families, composed, on an average, of not less hun five persons so that tt, fa probable that here woro at lest 12,500,000 porsons dircetty it> terested In those funds, a ‘The National nud State banka and Fylvate bankers now bold at lense §1,(28,000,000 of depos- 13, and these oposite aro,o8 you know, olton traneferred by chek froni ond depositor ta nis othor, and Lt {s tharofors reasonable to ostimate that a number of porsans, equal vt feast ta ono- halt of tho population of tho country, ure direct- ly or indirect ie inerewed in the deposits of: tts National or ather bunks and bankers, DISTIMMUTION OF LOANS, Fora numbor of serra past tho public hos beon fnformed how invoh of tho aggregate luans, bold by the National Banke In the largo eftics, consisted of Indorsed and unindursed paper, of cull or demand lonns, and af loans Upon rend catates and Inat yoar, for tho first time, full tables were given, showing tho ninonnt of Investinents In United States bouts, not onl: by tho National Banka, bit by, the Stato an savings bunks, and private bankers ulsn. amount was distributed aa follows: tonal banks, $493,000,000; savings banks, $183,+ 000.00; State banks, $25,000,000; and private Unnkers, $14,000,000; total, £601,000,000, whieh Is fully equal to two-fifths of tho present interost- benring funded debt of tho United States, DISTRIBUTION OF LOANS OF DANK OF FRANCE, Two years ngo tho report of the Bank of France contained, as {t bad done during some Provious years, sumo Intorcsting and curious statistics In reference to its loins, The total numbor of ploces of paper discounted durin, the years 1870 was 8,071,005, of which 4,109.20" were payable At its ninoty diferent branches, and 3,002,213 nt tho bank In Paris. Tho avorayo amount of cach bill discounted at Paris was ‘S17L40,and the average of the number was $180, and the probable average of tho discounts exceeding $20 was about $231, Seven thousand eight hundred and forty-two of the pieces of aper discounted’ in Paria were for $2 (10 ‘ranes) or tesa; 302,845 were for amonnta jrering from $2.20 to $10 (or 11 to f0-franos): an O:1,28 wero for amounts from $10 to $20 (8 to 100. francs). Mora. than two-thirds of tho whole number were, however, in notes -abovo 100 francs, or $4. enoh. In othor words, the Dank of France, which most people suppose danls only in large trans- actions, discounted during the year 1,023,017 dif- forent pieces of 14 rt, of amounts loss than #20 euch, Tho wholo amount. of those stant loans was about $10,000,000, while the romnin- dor, aggregating ,000,000, consisted of 2,878,204 of feats notes or billa uf exchange, correspondence with tha Consul-Gonora ius Varia, the Hon, Gcorgo Walker, well known to many. persons hore, it wag ascortningd that these bills wero re- colved by the Bank of Fragvo from bankors who kept accounts with it, These bankers ra- celved them from small brokers, who had in .turn diacounted thon for the bumbler classos of artisius, known as makore of * Articles do Paris." Theso bills are presented to the bank for discount, with accompanying schoduics. Thogreater part of thom are billa of oxchanze, fnd wre drawn by small manufacturers, Tho roportof the bank, !n commenting upon theso small bills, suyss “You will observa, gentlemon, that this num- ber of small trade hills, below 10) franco, which Hs al Jeeves ip Wit, reauliaed in aoe the num er OF 1,004 i381. ore are, again, this yenr its many 8s 12,0105 and from this you will ta able to judge of tho extent of tho acrvice which the bank reudors to tho commerce of Paris." DISTRIBUTION “on. LOANS OF NATIONAL ANKE. Acting upon’ this bint, obtained from the Rank of Francs, olroulars were issued to the National banke, asking thom to furnish similar {aformation regarding the notes and bills dis~ counted, bold by thom on Oct. 2, 1870,. Tho total Amount of loans at that timo was. $875,013,107, . ‘The number of ploces of discounted paper then held was 808,200, and tho avorago oO) enoh dise count was $1,082.59, Tho number of notes dis- gounted, aa Biounia, OF $100 and lone, ane 251i 0 other 6 wore classified In amounts from 8100 to 8500, $400 to $1,000, 1,000 "to $5,000, Sue te $10,000, and - §10,- and above, and tables wore rivon showin the humbor of each cinss of discounts heli tholr averaze amount; and tho tote! xmount of money lonned in.cach of the Btates and tho rinofpal cities of the ‘Union, - The armount of louns 1s now moro thats 81, U0.“ Assuming tho number of loans to 0, bo tho same now as in the tables, the nvernge timo of thd joans to bo ‘sixty days each, and that tho banks“hold oon- tlnually tho same amount, then tho numbor of. dizcoulnts mado during the yerr would be nently ,000,000, and’ the'total ‘discounts moro than: $8,000,000,000, which {a $120 ‘annually for oxch ‘Inhabltant vf" the coitntry, $840 for oaoh voter, find 8000 for cach amily in the country. * The numberof notes-and bills of $100 or loss wag fourly one-third of the wholo; the number of “loss than 8600 eaoh was /47,085, or considerably ‘mora than two-thirds of the wholos:while tho number of bills of less thun $1,000 was 042,705, which was moro than throo-fourthe ot ‘tha wholo amount, . Thero wore, ‘however, moro than 12000 ploces of paar in amounts $10,000, of which the banks in Now York City, Boston, Phitudeliphin, and Ohleago held more than one-half, uithourh euch notes wore found in the banks of evory State oxcept Florida. Demand Joans of from $100,000 to 500,000 ere uontly tound ju New-York, * Tho amall picoes of paper, corresponding to the smail trade Bills of the City of. Paris, wuloh ara in-part received by sewlog-maching com- panics, manufacturers of billiard-tables, planos, and cating taplomente, in monthly paythonts on artivics sold by thom, are usually recolvod by the bankors in this country ns collateral security for lonna, and are forwarded by them for colleo- tion. Whilo the nvorage of nll tho loans mado by tho banks was $1,082.59, the average umount in tho larve oitios viricd trom $4,002 in New York City, to $1,007 In Louisville; whilothe average amount Of tho loans In the differont States, exclusive of the Intgo vlties, varied from $883 in Georgia, whoro there were but few banks, tu $375 In Lowa, $063 In Kansas, and $360in Wost Virginia, 2f,, frum this data a8 a Dnaig, an cetimate wore to be made of etho Buapranete lonng of. the National banke, Stato banka, and. private bankera of tho, country, the number of discounts duriug tho year would appear to bo about 8,500,000; from Whioh it {6 falr.to Infor, as was found in the case of the doposits, that not loss than one-half of tho population of the country aro directly in- torcstod in theso negotiations, . DISTAIDUTION OF. COIN AND PAPER CUN- : RENCY, Perhaps the most interesting toaturo of tho ‘banking of the present timo is tho distribution Of the paper inunvy and coin af the country, On May 1, 1831, there was Fop0.z81 08d of paper money outstanding, all of which was and fs readily cons vortibie into coin on dgmand, There waeon that: 260,000,000 of gold coin in the country, ae. Ing to the vatlinates of tha: Dircotur of tha Mint, and about $172,000,000 of sliver coin, which, utider our prascnt absurd. silver tegeteton is Btill Inerensing nt tho rat $2,300,000 monthly. Tho total amount of coin and papor currency on that-duy, dnaludng Fe of ailvor oortit- ‘cntoa, wns $1,490,000, follows: igh ts May 1, 1881, Amount. . ‘520,000,000 112,071,227 BO IBTOLO Logal tondor notes $10,081,016 National-bauk not DOU sasesvev ease sesesen eves ones 0+ 140,510,800 , ‘Tho ainquut of yold, silver, and paper currane oy bold In tha Treasury and Jn tho banks was as folluwat pal '§91TIYII39I 2PAi{S| 109 JD31}3! 2Y09 FIOD| gaxou AUeq-1suONEN “‘sai0U zapuay-f e1rea'ccs 8 . etSE2EC'HTS saquog | “fumscast, JOWONIOAT UT! 9y2 tT “| sseyn0g 27mg wr = vcr: | er cureeinay I | me oe y them Hea eauaat Misa separita items o inga ba Beluu ihe sauousltwaa on NowsivitGe rns Uf tho ammount of only and. curreney in given in the dret tab! (he amount thon Ja the hands of the 8 9 OUt~ To Nu-* -~and 88 por cont of that va wss,000,007 | tha in Now York City +8400, 0, 143 in |* aldo of tho depogitorios, ns followa: May 1, 188: Antd coin Hitvor cot nates Milver certifientes: Legal-tuoder and Amount. 12 BF AAG {7 87,807,000 National-bitiie notes... seeeereemees oe veee OHOIT, 00 Total TT TET Of the gold, ¥ s held, on May J, $28,000,000, and the peuple $22,000,000; of tho silver, the Trensury hetd ‘$84, 000,0 , tho banks nearly $7,000,000, nnd the peopte 876,000,- O00, Including about 814,000,000 In subsidinry coin, Of the paper smaney, ineluding silver certificates, the banks and the Trenstry held $168,000,U00, aint {ho people the Intgo uuiount of 357,000,000, ‘Theav amounts have all inereused since Novom- er, tho circulation of the National tanks now being bracnrneyened tho Inrgost amount ever fssuods but the proportions hold by the Trensury and tho bunks and in the bands of the peonic have not materially changed sinco May lof tho rosent yenr, - * ot "Th throughout tho countes covery: niet thle he people whero ask for paper, and the banks oulty in supplying the demand, and niko dill: peta in Inducing thoir dealers to avcopt coin in puvincnt. 2 Ma The Cleartng-Houso vault in New York Is full to avertiowing,’ On Nov, 11, 1870, tha amount of dilanees, In gold coin, paid to and rocelved from ‘the Clonring-ftouso, €8100,000, wolghed nbout tiftcen aud a balf tone; and on the 2d’of last month the Cluaring-Houso banka received: from tho Assistunt Treasurur $4,000,000, volgh= ing a Nettle inure than eight tons. The Aasist- ant 'Transurer in Now York pays to tho banks dally an average of a ton and © hull of coin, which form of payment {8a rolls of barbariam, that could be vnsity remeiod by Jegistation authorizing tho issue of a auilicient amotnt of certiiloates recolvable for customs., Even tho preference of the ‘Treasury itsalf for papay monoy was ao great that tt is only, recontly that the bauks bave beon pormitted to redecin their elroulntion ft the Troastry in tho gold coin of tho Conatitution, . a ee Tt was supposed that after tho war famine of seven yonrs the people, who bad hardly seen a fold cain during that periad, would welcome jack tho yellow metal with eager hands. But the habits of tho pooplo are strouger than tho lave OF, ‘old, and convertible paper currency fs ‘eforred, we My 1do not propose at the present timo to discuss the yuestion of the amomnt of convertible papor currency required for tho business of the cuit try, but Ishuuld bo gind to gce tho coin go more Benerally Into clroulition, for thore ts danger that the use of paper, lasucd so exclusively, ma: lead many. peers to bellove that National-ban: notes and legal tenders are real monoy, Instond of simply promises to pay toney on demand, Thore fs danger that such conclusions, formed from the babit of recetving and paying promisos —to puy—us money, will nyain ond to over is- anos uf inconvortibie money if nn occasion shall nrige, in preference to raising tho necessary rev> enue by some form of tuxntion; and such n course would curtaiuly Involve now and enor mous losses to the country and the people. © « INVESTMENTS OF THE DANKS AND. THEIR DEPOSITS NEARLY EQUAL, ‘The depvalts of the banks and bankors of tho United States, invludiayg snvings banks, were, in Minny, 1881, about $2,610,000,000; and if tho ny - gute'loans of the National and. State bunks be compared with thelr deposita, i¢ will be fonnd that thoy do not very Inrgely difer. In other | words, the commercial bunks, in tho aggregate, Joan or invest in some ‘way thelr deposits, re- sorving tin Kimount about cqual to tholr capital for ivestmont In real oatate, which thoy may ba obliged to tuke in the sottiomant of debts and for banking purposes, and fur expense and sua- ense ficcounts, and for the reserve and worklog ‘und uf the bank, ‘Tho savings tanks have little or no capital, but during the yeur ending May Sly 1881, hod average doposits ainounting to $881,865,608. Thoy hold ivgs than § per. cont of thalr deposits, in- cluding tholr bank balances, a9 a reserva, no- cording to thelr last statements, and the ro- mainder is roprosented by loans aud other forms of investment, while thelr surplus and undivided profita’and other minor Hnabilities, amounting in November last to about $62,000, were represented by real estate and other minor agsots, ‘The bills recolvabte and other faveatments of the commereial banks and private bankers, to- potter: with the lonns upon ronl estate and other juvestmonts of the savings banks, hud amounted, in 1880, accordiny.to my, cstimatos, to more than $2,200,000,000, which was also ubout tho amount of their doposita at that time, Thesu two itoma, —one of thom constituting o resource and tho other a llability of tho banks,—with our almost universal system of checke and ‘bank: accounts, prea tho busis of almost overy buelness transuc- on. REPRESENTATIVE MONEY, Cheoks,-cortinontes of doposit, and drafts or bills of oxchango,: which, of late years, have been somownat incorrectly termed’ “repre: sontatlve money," aro the imost Important and useful parte of tho machinery of tho bank, ‘The isauo of clroulating notos ts not an essential foaturo of banking; for, as you know, thora aro moro than 1,0W) State and savings banks tn this country, obfolly incorporated uudor Stato laws, which do not ivaite such notes.’ * But checks an drafts oro “almost. gonerally indispensable as -enpital or deposits to tha successful conduct of the business of. banking, Baduanadt at How. largely such chocks and drafts and cor tiflentes aro used In this nnd othor countries {s° not known; for there are no published statistics upon thls subject, except. those contained in tho transactions of the Cloaring-House. ‘Tho total amount of transagtiona at the Now York Uleare iog-Houso in 1880 was more than $37,000,000,000, and the amount of balances pald.in tooney.waa more than $1,600,000,000, The average duily ex- changes ‘were muro than $121,000,000, whila the average datly balances paid in money wore but Bi or only 41-10 per cent of the amount Of tha sottloments,. . rt Mon zoet't Hho trousactions of tho London Clearing- ‘House, which la tha oldeat cstablishmont of this kind in tho world,.aro large, and tha bninaces nro settlod by oheak on the Bank of England without tho handling of money: whilo those uf the Paris Glonriog House are comparativoly small, An articie p. P. Balloy, in. tha Bartk= ors’ Magazine’ for Juno of the present yoar, “gives some iuteresting information tipon the ‘that “ Clonring-House. system." Ho. atates thore ure .twonty-slx Clearing-Hou! United States, represehntiog 31 banks, fog a onpital of nearly $246,000,000 ($244,081,686) sand surplus of. nearly $92,000,000. (811,913,748), Tho ‘capital represanted in those Clonring- Houses 13 equal to ALout83 per contof the bank- iar capital of the United States.” ‘ tho ratio of balances pal In money to.tho Clouring-Flouses in several oltica for n scrics of years nro given as follows: Boston, 11.8 por cont; Philadelphia, 9:. St. Louts, 20; Cincinouti, “14.5; Now Orleans, 112; Milwaukeo and Vitts- Ia Gon, arnles noted speoch .on, resump- on, dolivered In the House of lepresentativos B77, be said: In 1871, whoo T Ohairman of the Committee on: Banking + Currenoy, Lusked tho Controller of tho Cure renoy, to issue an.order nucaing: Btiy- so. banks which were to mutke ao onalysisof theirreoelpts, I selected three groups; tho tirst was tho city banks, The accund conslated of banks in cities of tho size of Toledo and Dayton, in tho State of Ohio, - in the third group, if 1 may, coin. o word, Tsolected the ‘oonntricat’, banks, the smullest that could be found, at points. away from rail- rouda and telegraphs. “ * Pan “Tho ordoy was that thogo-banks should anal yzo all thelr receipts for six conacoutive ‘daya, putting lato ane lst all that can be valled cash, cither coin, groenbacks, bank-notos or coupuns, and into the other Hat all drafts, checks or com= merolat bills, What-was the result? During thoso six: daya $150,000,000 were. -reoeivod oyer y-two banka; and of t! tho counters of tho tft, amount, $10,070, 1¥ por sent only was in onsh, amount, represont- ine every grado of business, was in checks,’ drafts, and commorcial bilts."" : es PROPORTION OF COIN, PAPER MGNEY, AND * CNECKS USED BY ‘THs NATIONAL BANKS,” -Lhuve already, referred to the circular lotter recontly tasus apevial statemants. mhow ing the payments by them on the bith of ain tho and bav- A ae: reoolpts and Juno fast. du blotter it was stated that slinilar jaforma- tion would also be requested for some aubse- Quentdate, This clreular will be issued in Bep- | -‘lombor uext, whon 1 hove to rective responses from all tho banks, for 1 fol assured that in no” olficiat way can we so surcly wratify the Proal- dent as by onmploting {a thie yoar. the work which ho commenued ton yearaagy,. Hosponses to thie ciroular were received from 1,064 of tho 2,306 National banks to whiob It was sept, includingall the banks in the alxtcon ro- servo cities, and loaying 140 assdcintions only feaia which tho dualred joformation waa nut ob- od, ‘Tho total receipts of thoso 1,066 banks on Juno 00 last wero $284.714,017, Of this amount thoro: re 91,804 10S in fold coin, $440,007 in sliver ‘ 47 {0 papor., mone! {the ro fog to ate fad fo Cok and drafts, including $0,583,500 of C! fa fag Heuee cortitionies, Thu gold ouin equaled 0,05 of 1 por vent of the total receipts; the sliver cuin waa 0.10 of 1 per cent; the paper monoy 4.0 per Ponty while ‘the chocks anv drafty constl- tuted 81.77 per cont of the whole umount; or ine cluding the Clourtng-House certiticntos, they 1 to 04.13 per vent. . In othor words, tho total Purcontuge of vuln and paper money was | 4.87 only, und of checks rages a Tho recolpta uf tue forty-elent National-hanka | ity wore $167.497.169, of which ‘ G1, wes 1 gold. ovln, $15,000.06 : Bapor inaney; 10 Foe” chocka and drafts, to tho National banks askingfor |. The onl CC vor coln 0.18, of paper eheok wor drat 0h Hor currency (4 The pereontuge of checks tn Boston wens os Ia Petlinted gnats more, $e.N; Cheats Chae na eee In 20; sville W283 New Orleans. gy 87.5; Clevelanet (3.0; and 9 Horweon fram. the falkanci tee Fe ae breh ely: Se aeals Nell by thong citer” |B, or| Heceit, | rea : i et, Now York City ,, 48/8 1074 ~ = jan | ET 3 Hostonwsersseevesl GS TEhOG 099| Pittsburg ba] tina ono Pultimoaro.1.. 1 a 3 VW nahing ton 5] tp New Orleans 7 wt Loulavitto., H ay Cinotanat 3 wry 6 Re i) 2 AY a) on if > Potal,exolitedi'y |-——|—_ 8 cr Naw York Cle 1987/8 77100713 — ‘Total, Inch] ——. | uy aver serkGity|” 2hleat tier! ——— anks clgowhora} 17H) 40:135'543 He United statos::| 1,006] sasnathoi0 liar As soon na tho returns tho month of Septomber m racer ae At Ravo tho aatatacupn ot weet ta ee Ho tho first olnburato sarles we amet (28, Pubs Upon thia subject over Btntlstical tabley Hon wilh Tan COMMON ee witch intormae 1 7 as iuny whioh-pns ever been. pane nage °“RLECTION OF orricens, aa | following olllcors were elected; Presideny, change National Bank, of Ext Vioe-President, LJ.’ Gu re eaetre City 3 Pint Bonet ants /cslekgoy site Oo, Benjamin Leglest National Bink of Cinetnnat i Witt . H, Luldenber, pre ‘Brealdont Seragat i Erenidout MMerct&nta’ National Hank, Now Tort dianapolts, 'D, G. Falles, cna a Glanapolls.'D,G- Eulles, of Cincinnath deehet B Mr, Fallos, in connection wie ee kzletton, bimeclf on racot bunk taxation, deolnriog victimfzing of + (! BEDRETARY nANpotrn , Buckney Missourt, which was ordered isch ainondments to the Constitution were Pinch al suggestion being that the eet tee of persons whose names shall Dublic to took to the detection, prosecutor” and ‘crime to an: vl A { ny membor of tthe Astovlation, ‘voro ‘thon submitted without belng once to the business of banking, Goorgo 8. Coe, President ot tho American x ovat Bank, Chicago; ce- Prealdente—fop Second day, President: Clty Natignal Ato tonal Dank, Loulavilte, Ky.; dncab p, Vermi . Lynot, President First Nattonal an Ono “In tavor, of Bongo esol to namo of Mr, Eggleston, took acensi t {algal ytinving & teadonoy to Perpotuats thy read tho addross.pf the Hon. A, 11, and oxplained: by “LJ. Gago, of CI Heneneiet ounvll Appulnt wt atanding protective commit ue arene of persuns attempting tn Cause log Papers road, by Julian Ey Davis, of No Taxation; William A. Cuimp, Ton on a Clearing-Houso; DH. Thomus, of Balthnora, o4 Proteation of the Association; i. 0. Wrilatt, of San Francisco, on California Banking, all of ayhton aor eatarrod 6s ane executive Cottncit, yi re obe in lo the offi fe M ie Fs lclal proceeds, oy, Dy IL Tomas, e . “The paper of Mr. D, If. Thom: wag as rollows; | pia v0 froquenoy with whiob banks ha from dishunost officials, burglirs, forgora st renders {t imporatively necessary that atepy shauld bo tnkon immediately for thie protection of tho stockholders by their representatives, T beg to suggest, thoroforo, that the attentoa of tha Assuoiation bo culled to this matt that a committeo, be appointed to pro; to report at the next annual montiug, « sultan conatitution and by-laws fora " Bankers’ Pro. tuctive Union,” whiok shall form a branod of the Amorioan Bankers: Assuviation, ‘Tho chief feature of tho Association should be the prossaution of all offenders, irrespective of tholr: soolul or polftical. standing, and never ie compromise or compound with thom. That this pou fa the correct ong -fa cleariy o¥idence! 9 almost -ontire immunity ‘onjoyed by tho Adams Express Company from attacks of this character, - I understand that this company oarriod tast vent valuabios 6 the crag of 000, 8 loss Of a single dollat, Another feature of: the Assoolution sboutd ts the accumulation of a large capital or Ineurance fund, through initiation fees aud annual dues, i ot of loss Ly tho motnbers, PP tn & peeled : + DENVAMIN, WRiguT, Mr, Wright's papor was ns follows: Cailfornia haa furnivhed more wold and Na mopre sllvor thin all tho othr States mae tories in’ tho. Union combiued, — Without this ‘output of: thea ‘precious metals the ‘oredit of. - tha’ Government could never have - boon... nod, as its has deta during the past twonty yeura of unprecedented aty trials. -Tho buillon product of the Pactte Cout is the auperstructure that has curried the coun try Ba Foly through {ta terrible ordeal, and placed the’ banking interest on its present safe and Prosporous foundation. zs , » California fs one of the very fow Brated ia whioh the organic law prohibits the Issuance of Paper tnonoy. Flnavolal intercourse, both doe mestic and forelzo, bas always been carriedoo a gold-coin basis, fo legal-tender ot the Gor- eroment never ‘found favor boro until it ma mude redeemable tn coin. So opposed bara wo been to. paper: money not convertibis directly into. coin that a special act of Congress waa nedeseary to the introduction of ‘National banks ju thie State, Thoy wereal Jowed to issue only 80 per cent of tho par ralue ‘of the bonds deposited to accure citcula and to rodeam thofr notes in gold colo, while the National ourrenoy banks of the Atluotle states aro permitted ‘to iasue’ 00 per cent, and tore deonr tholr notes {n colu or greenbacks. Upon the resumption of apecie payments by the Governmont to January, 1870, tho First Ne tonul Gold Bank of- Stockton, with a capital of 000, : reorgi -88 u Nutlonal ourre bank, All the othor gold note banks wou! havo . undoubtedly followed tha example of the Stockton Bank {f tho manages bad: considered «tho ‘advantages of 9 cbapre full’ compensation for’ tho truuble forolrtd. “Recontly two or three small currency bask! \ havo been organized {n the Interiur uf the Blate, but tho system bas not made as much progr’ ag wos expected, = How long resent anomalous banking te tem Is to preva'l in thia State st is ditioult toss Mut for tha introduction of the sliver question 40 1877, ft th likely that more of our State bankt Would bave woue under the Nacional Buck lav, or given, placo to. new orgunizations of Ust obaracter, There is no reason why we should Jonger adhere su’ olonuly to motallio currency. ‘The samo system of banking that prevails ia Now York, Massachusetts, and Poonsylvasit ought to prevall here, and must cro Jong. atrugmled along for years without a Clos House, on account of Suppreed Jooal joalousies ‘and business rivalries. But that institution bas ow become an Indispensable txture. * Our commercial Danks no lonyer parade! capitals: it does not pay, At ono time the - Yada Bank, with Its cupital of $10,000,000, led country. “Tt hus now # capital of 84,00, tund:of #4, . ‘This revorto or f things ia fnoe common, but It put ‘in theso-days ot tax-caling problems if te reserve fund bo invested tn United Btatos boos ee ital ot tha Han, of tie or 1000, 86 Bre tho large: 2 capitals iu .the State, Among [ho National banks, the First National Bauk, with Its oa of $1,500,000, takes the lead. The capital of tho othor State banka {a from §1,000,00 do $50,000, There Ja about $35,000.00) of nent rated bank capital in tha Stata, oxclusive 0! ire under thé National bank aystent, a 180,000,000 Bapoalte, * Tha pyrimancot pain system of Cailfornin ta yet to be evolved. a .We want Is uniformity, and something 19 so with the other Statos‘of the Union. \ ¢ bk more trained bankors rathor than more capita! ae ~ 2. HENDRICK B. WRIGHT: Wrrxesvanne; Pa., Aug, 1.—Congressat Hendeick By Wright, who bas been iil $F! wooks, 18 gradually failing, A ch che wits 1x, Diaturbanee ag e 8 Te disturbances at the Popo Hus [X.ure explained in a loiter to Tome.Opinions as followa: ao Pius 1X. was not oly a Popo, he hes \o sovercign, and as such dutta twant) fy oat red the ire of muny, Numpersautur iy arouse the populace of whom thoy formed f Waa: taken wu that of Oth XM. the casolie pntively diferent: b at at anne ii 104 Poiay in temporal soveruighy fe hue yiven ocak? inoluding ‘nearly’ #385600 ia Oloaring- House | BA°mpora) soversigas he Gregory ite OS Gertiticatup. ar: conn vet. '| WAY False Nis voice in dafenso uf the weer yy ‘Tho receipts of the 187 banks in the Aftoon re- | the oppri md, therefore, he woul servo cities. oxoluaive of New York wore, Thelin oo di ir. of being fuisulted Iu that 108, of which $481,070. was in guld, $114,045 10) strocte, of itor.” ft te quite possible, Usp allvor, $3,031,710 tn Paper money, ant 4¢ Leo XU bad shown bimaif ortalat in cheoks and eatta, including 88,147,000 of gold | paweuig ney tuuncy rocenusa. to rearstst Lt Cleuringe House cortificates. ~ * much can soarocly be sald a6 tothe chancel what might Bappen now. Therd can . Thostotal recoipte of the remaining banks, ’ 701 in Humber, Wore $40,175,H2, of which S&r,° was ia gold coin, $510,023) in atlvor coin, 84,- ee i iy Bapur Boney, and $i,823,652 In chooks o percentage of. gold cola received In: the fifteen other ojties was 0,76, of sllvor coin 0.15, of Ener ourrenoy 4.72, andof checks and drafts 1.08, - The percontase of gold ‘solu received by oe der notdnoluced in those cides ne Layer allyo: ie Our poke anddrattagioie ne nett and all the 1,066 banks together,the relative proportion of guld coin received was \65, of ails there duudt, howeyor, as to the fact (th Ley stil yeah ‘tho Borge eapoolally dest Feladoos of ysome wlio eer y PR i] during. P X'a roign. Whetbet on sp 0 propurtion of gold coln to the whole ro- ah _ ride the! Hn Now Kork City wae 27-100 of 1 por fiat Bieta a aera ee oa or oruelly cont; of aller coln, 1-100 of I per cent of paper | martyrs to the ty of their counter ted money, } rer Per cents oa of checks and | necessary now @) consider. Thoy ar os Dave 4 witite vera ding Clearing-Houge cartitioated, | ns martyrs to thelr party, weir relallony jeg, continued ‘9; nourish” personal ‘toward Pins-1X,, and the pamod Shaving, pee Mero openly given, pa tho Lith 04 BAYT spas ‘the orgunizord, of the oxcessos comntier to LI morning, ‘This would reduce the to) more than a semi-private veadette a Dagit pbyala for it weakens and dextrorh 0 Hop Ditters, that butlda up Vl. f oue oF Oo