Evening Star Newspaper, October 6, 1896, Page 10

10 THE EVENING STAR, TUESDAY, OCTOBER 6, 1896—SIXTEEN PAGES, grmeomenenneowowowowonomonosoeeee THE PROBLEM OF SILVER AND GOLD GSESSG0 SSSOSESSSSSHH SSSOCO. SHOSHSS OSS SSTSOTSO 23 DAYS LEFT US Before Vacating Our D Street Annex. ‘We are compelled to make a speedy closing sale of our stock of Dress Goods, Silks, Linens, Lace Curtains, Portieres, Window Shades, Curtain Poles and Brass Fixings, all of which we offer at great sacrifice, separated on tables in lots at marked prices: Table No. 1, Light Colored Silks..........0.cessceceeeesseecterecerececeeees BY Cts, Table No. 2. Silks, plain and fancy, worth 25c...........2+22ceeceececcecseeeeee IS Cts, Table No. 3. Silks worth 40c. to 50C........0.eeseeseeeeteestestetseereeeeeeees 25 Cts, Table No. Silks worth 65¢. to 75c. Cts. sufficiency of the gold and currency sup- ply, for as gold coin constitutes only a twelfth of the money in circulation, it follows that an increase or decrease in its quantity or cost exerts @ correspondingly small influence in making currency scarce or plenty, it being clear that if the substi- tute be equal in purchasing power to gold an increase in the substitute will amount to the same thing as an’ increase in the quantity of gold itself. » In the face of these facts and the further facts that In 1873 we had’ $25,000,000 in all coins in the country, and now have $600,- 000,000 in gold alone, or over twenty-four times as much (while the population has increased only from about 40,000,000 to A Writer Who Maintains That - There is No Scarcity of Money--Substitutes for Coin That Do Most of the Work of 8099080 | 2 Specials for Wednesday. Separate Skirts— QVISo 875 more of those Fancy Figured Black Stcilian 70,000,000), and currency in circulati pilkssworthiy5c t0pioee-=-eses > obese sees be eee ee beeeee bese ee seen eee ae ee aT Mone y gepite, has increased steaaily trom $18.85 debts a 75 $ i iti pa SS ih aweces = eee in 1860, to $17.60 in 1870, $10.41 in 1880, $22.82 5 a receives fresh additions || gy° St Th ery full sweep. 09 : te 160, an 42.0 RE a oe able No. 6. Silks worth $1 to $1.25. 3 ccbsceseeehe aa --- 68 Cts. u a from one or another of at the value of gold is increasing from Table No. Dress Goods, double widths, mixed. ............. cc cece ee eceeee eens T. ble No. . Dress Goods, Cotton and Wash Goods .. Table No. @. Dress Goods, Assorted Cotton Goods .........+...+seeeeeeeeeeeeeee Table No.10. Dress Goods, Sateens and Fine (Sinphains ec scceecsccneaceeshese ce Table No. m. Dress Goods, French and German. lack of currency, or that there 1: Bryan says, a “scramble for gold. Why Gold Cannot Be Cornered. Any attempt to “corner” gold would be so easily met by an increase in its substitutes that it is absurd to allege that any such thing has occurred. The owners of the property on which the substitute circula- as Mr. -} a ai OSSe CN AMA WN our many busy makers. Ladies’ Tailor-Made Suits— Mr. C. Clarence Pcole gives some interest- Jey ‘ ing figures and statements becring upon the WAcn aes Homespun Cheviots, in Navy Bine and Black; claim of silver men that there is not money thing new to show YOU || the coats are fly front and taflor backs, satin lined enough in the country to meet the de- whenever you drop in. pr acasprlhnt alae a thee RD AME dy mands of business. Mr. Poole writes: an Q * fa © some- | a py w y | dies’ Cloak Department | | i \ | co 1) &O Q a 10 skirts are lined with rustle percaline, bound with velvet, and extra wide sweep. Only 25. And only | In a letter to the Chicago Inter-Ocean, | It is asscrted by the advocates of the comers sometimes find them gone. tities—and the rest Hes with you. ‘We must ask you to please respond promptly to these special offerings—vecause late ‘We cannot avoid that. We frankly state the quan- Saks and Pa. Ave. and 7th : No other house does, ever did or ever will sell euch sterling qualitics at such low prices as we 2 quoi Mapteetecleeteete netted SAKS* Company, St—‘Saks’ Corner.” speeded Bon Marche, 314 and 316 7th St. HATS & HAT Trimmings Only the consclenceless writers ane our claim as leaders in Millinery. You are lable to be ex- ceedingly disappointed should you buy a hat without seeing our Ine. All of the leading milliners of Bi peen capitals have contributed their choicest creations. In hats the ten- deney {# toward @ return to the oid Gainesboroaghs, the mst favored and pleturesque being the “Rembrandts.”” ‘These are # veritable Sower ganien, and are exceedingly becoming to cer- tain Sgures for strest wear. There sre also a number of xttractive “down-on-the-nose”™ shapes which sult certain faces best. There fs 2 Iheral use of ribions in great ruffles, ribbons edged with velvet and sny quantity ‘Algrettes, Coque and ete. Crowns are pushing upwar, Harlequin” and “Liberty Bell” betng the favor- ftex. We might fill a column about this millinery and not tell half. ‘Treat your eyes to the feast. HATS. One lot of Felt and Cloth Alpine Walking Hats, in blue, Diack and wood Stylish Alpine, Fedora and English felt, Walking Hats. tn plain cloth, shagry felt, English tweed, ete. and velvet trimmed. which have been $1.25, and $1.50. To- Q Cs Children’s Felt Ha fm all the fall colors. 48¢. ‘Tomorrow Exceedingly stylish line of Fine French Felt Hats, in all the newest foreign shapes and shades, $1.25 up. ; - Trimmings. Plenty of opportunity for the ex- ercise of your individual taste In Be- leeting a shape Felt Hat and chowing the trimming. You can probably copy the French model hat for less than half its pri Attrac- tive variety of Rhinestone and Jet Ornaments of every description. Se. Black Quills, Ic. each. GO pleces of Chenille Braid, in black, colors and combination of col- ors, 20. yard evers- where. Special price to- gc. morrow full and curly, c. quality. Tomorrow “tom, BC. 35c. Ribbons, 25c. Tomorrow we will fii a table with Wide Taffeta Ribbons, Motre Taffetas and Plain Motre Ribbons, in all the new shades and varla- tions, 36 qualities. 25C. ‘Tomorrow suc. Velvet, 39¢. Velour Ia Mode, equal fa effect to silk velvet. Regular price, S0c. To 39C. morrow MARCHE, 314 and 316 7th St. it ‘ome i Ailing or bothering you in any Comme im MPs Gpeiclan’ dbould he ulted in such case at with your EYES H. H. Brown od once. We examine eyes free of charge—and furnish glasses at a small price. 1010 F St. When you want a Typewriter buy the New Hammond. It is the best on the market, and we can prove it. John C. Parker, Sole Agent, 617-619 7th St. N.W. 0c5-16d He Read the Sign. From the Chicago News. A northern man traveling through Mis- sourl on horseback arrived at the bank of a river. There was no way to cross it except by swimming: so, dismounting, he tied his clothes to the horse and drove him into the river, swimming after him. Reach- ing the other side, he dressed and continued on his way. Before going twenty feet, however, he came to the forks of the road, nd Jooked around for a sign. There was one, but just across the river, near the spot he had entered to swim across, he saw a board natled on a tree. There was noth- ing to do but to get In and swim across ‘again and read that sign. He swam across, and, after climbing up the bank, he read the following notice: “Five dollars fine for ercssing this bridge faster than a walk.” |DISTRICT AFFAIRS Garbage Crematory on Observatory Si.e is Probable. Local News of Interest to District Taxpayers—Commissioners Pre- paring Their Estimates. Unless the residents in the neighborhood can prevent it there will be a garbage crematory erected upon the observatory i The Commissioners have decide to issue a permit for the same when applica- tion is made. They have agreed that the section in the crginic law relative to build- ing regulations which concerns the esta!.- lishment of slacghter houses,soap factorles, ete., within a certain distance of a dwell- ing does not apply to the present case, and while the site upon which the new crema- tory ts to be erected is within 200 feet of a private dwelling, it may be erected and maintained, provided It is not a nuisance. As stated in The Star yesterday, a plat of the site was made by the building inspector and forwarded to the Commissioners. It showed the location of the proposed crema- tory and the distance of the nearest dwell- ing. This plat was sent at once to the at- terney for the District, with the request that he examine the law in connection with the application for a permit, and give an op:nion as to the construction of the law relative thereto. This, it Is understood, he aid today, holding that the Commissione:s had ample power in the premises to grant @ permit. The question of its being a nui- sunce would come up later, after the cre- matory had been in operation. If then it was found to be a nuisance it could be re- moved as a nuisance. The issuance of the bermit for the construction of the crema- tery ts looked for today. While everything on the surface points to a rapid solution of the garbage muddle, there is an undercurrent at work which may materially change things and bring about an entirely new deal. As intimated before in The Star, the contractor is will- ing to sell his contract, and even now, it is understood, there is a deal on foot to sel! out. The parties wishing to purchase are not from this city, but are represented as responsible contractors. Then there 1s enother matter that !s like- ly to prove troublesome. The garbage con- tractor notified the Commissioners yester- day that he understood that the representa- tives of the Dixon crematory were about to enter suit to compel him to adopt their crematory, and would try to prove an ex- isting contract. What the outcome of all these matters will be is mere conjecture as yet. The cre- matory at the foot of South Capitol street, which has been idle some days, will resume today or tomorrow, to run for another week. If after that the contractor still re- fuses to purchase the plant it wil be per- manently shut down. 2 Curious Case. A sad case of man’s rerfidy has just been brought to light through the office of the assessor for the District. Several days ago a lady applied for a certificate of taxes. She was contemplating the sale of her little home, and wanted to show a clean bill of taxes. The certificate was shortly fur- nished, and showed that she was delin- quent in the payment of the taxes on the house for several years, amounting in all to something over a thousand dollars. She could not believe her eyes, and appealed to the clerk who prepared the certificate to look again and see if there was not some mistake. He did; but the result was the same. She owed in taxes more than one- third tae wesessed value of the house. Then she saw it all. Her husband had misap- propriated the taxes that she had trusted him with. The Commissioners have been appealed to, it is understood, to cancel the delinquent taxes, but it is certain that the request will be refused. They are without power in the premises. Preparing Their Estimates. The Commissioners this morning entered upon the arduous task of compiling their estimates for Congress of the amount of money required to properly conduct the District government during the next fiscal year. It is their intention tu rush the mat- ter through as rapidly as possible. During the compiiation of the estimates the Com- missioners are forced to deny themselves to the public. This morning they took up for consideration the assessor's office and the office of the collector of taxes. The heads ot these departments were before-the Com- missioners for some time explaining their estimaies, a statement of which has al- ready appeared in The Star. Excise Board. The excise board this morring gave a hearing to Mr. R. Ross Perry, representing the owner of property 520 10th street north- west, heretofore known as Albrecht’s res- taurant. The hearing was brought out by the refusal of the excise board to grant a transfer license to Thomas O’Brien, who purchased the place from Albrecht, on the ground that there was a lack of signers and the adverse police report. Mr. Perry claimed he was not present in the interest of a liquor license, but merely to Gefend the property and prove that the’ — filed against the place were un- rue. Mr. Albert Shoemaker, the attorney of the Arti-saloon League, denied the jurisdiction of the excise board in the matter. It was rot within its province to pass upon the reputation of a place. The board was there i reject or approve liquor license @pplica- icns. ——_—>—__ His Little Game. Willie Carter, fourteen years old, was in the hands of the police yesterday on a charge of being a young crook. He had called at several houses and obtained sums of money, ranging from a few cents to a dollar. His scheme was to plead poverty and ask for the money, saying he would serve The Star until he had refunded the amount. At one house he entered a room, so it was claimed, and stole a pocketbook containing a small amount of money. Miss Mary Lynch, the loser of the money, de- clined to prosecute the orphan boy, and he was turned over to his sister. free ccinage of silver at tte ratio of 16 to1 that gold has increased in value or pur- chasing power, that this has produced a scarcity of money, accompanied by a fall in prices and hard times, and that the free coinage of silver at the ratio specified will ircrease the supply of currency and, by making money plenty, remedy the evils nemed. A slight examination of the facts will show that gold coin is used mainly as a standard or measure of value in buying and selling; that by far the greater part of business of the country is done by substi- tutes for gold, and that the quantity of gold coin actually used and needed for use is relatively so very small as to be insignifi- cent in business transactions. The value of gold is necessarily depen- dent upon the supply of substitutes, just as much as upon the supply of gold itself, for, if the substitute perform all the purposes ard functions of gold, they stand on the sume footing as far as purchasing value is concerned. Moreover, if the substitutes can be readly supplied, a deficiency in the gold supply can be as easily made up by the increase of the substitutes as by an in- crease of the supply of gold itself. The substitutes for gold coin which are in use in the United States, and which, us they equal gold in purchasing power, are equal in all respects to it, are as follows: Standard silver dollars, minor coins, paper currency and checks and drafts drawn against bank deposits. All of the money issued by the govern- ment circulates at par, and is worth 10 cents on the dollar, as measured by gold. Accordingly it is the full equivalent of gold coin in purchasing power, and a full sub- stitute therefor. Silver and Paper as Gold Substitutes, It is important to note that coin or cur- rency Is in the business world used only in small transactions, for paying wages, set- tlng balances, and the like, and all the greater transactions are accomplished with- out the handling of cash, but by the use of drafts, bills of exchange, checks and other commercial paper, or representatives of value based on the value of property, while many trades or transfers of property are accomplished solely by entries in books of account. The small extent to which currency is used in proportion to the total of business transactions is shown by the fact that the currency held by banks is always much less than the amount subject to withdrawal by checks. ‘Thus, in all the banks of the United States in 1895 the amount on de- posit subject to the order of depositors was $4,900,000,000, while the currency held was $61,000,000, or less than one-seventh of the deposits. According to the report of the controller of the United States Treasury for 1890 the receipts in the banks of the United States on two different days were: One instance: Checks and drafts Currency . Another instance Checks and drafts. Currency... In his report for Per cent 1893 states that currency payments are made on an average In only 87-10 per cent, or about 1-12 of the total money transactions of the country. the controller Coin Substitutes Based on Property. Checks and drafts on banks are equal with gold in purchasing power because they are used at their face value in busi- ness transactions. The funds in bank are invested in bonds, stocks or other securi- ties, which are promises to pay money based on property, or loaned to those who Possess merchandise or which stands as security for the loan, so that the deposits subject to withdrawal by checks and drafts are, in fact, to a very large extent, based on property and to a small extent only on currency actually kept in the bank vaults. Why Substitutes for Coin Are Used. The manner in which coin substitutes based on property are brought into exist- ence may be better understood from the following example: Supposing a merchant owns a stock of goods worth $2,000. He needs $1,000 to meet obligations for newly purchased additions to his stock. He calls on his banker and asks for a loan of $1,000. This he readily obtains on the security of his stuck, giving the banker a note or promise to pay $1,000 in a definite time. The banker places the $1,000 to the credit of the merchant, who does not withdraw this deposit in currency, but issues checks against it, and these checks are deposited in the same or other banks by those who receive them; those deposited in other banks being finally paid throvgh en exchange of checks and cur- rency being used, if at all, only to pay such differences as may exist in the settlement between banks. This transaction has the effect of increas- ing the purchasing power of the commun- ity to the extent of $1,000, for the merchant by depositing his note for that amount with the bank is enabled to draw checks against it exaclly in the same way as though he had deposited $1,000 gold instead of anote. The making of the loan and giv- ing of the note as security therefor has produced exactly the same effect as the coinage of 1,000 gold dollars and the put- ting of the same in circulation; the depos- its of the bank being increased to the same extent. that they would have been by the deposit of $1,000 in gold. Every person who thus uses his property as security for a loan used to carry on his business, employs the same as a substitute for currency aud lessens the amount of the latter needed for use in the community. Why the Demand for Coin is Small. Inasmuch as eleven-twelfths of business transactions are made through the use of checks, or orders by depositors on their bankers, and as the settlements between banks for the checks on one bank depos- ited in another are effected by exchange of checks and the payment of differences or balances only in currency, it follows that currency is called for by custoiners of banks in comparatively small quantities only, and it becomes necessary in practice for the bank to keep in its vaults in coin or other currency only a small proportion of its deposits. Assuming this reserve to be (as required by law in some cases) one- fourth of its deposits, the entire capital of the bank and three-fourths of its deposits of currency can be loaned to borrowers, while at the same time the full amount standing to the credit of depositors re- mains subject to checks or drafts by the depceitors ‘thereof and is available as money equally with the amount represent- ed by loans to borrowers, Purchasing Power at Present. ‘The quantity of gold in circulation in the United States outside of the treasury is $48,770,430. If this amount be deducted from the total of bank deposits and cur- rency in circulation this will show that we have about $5,387,000,000 in purchasing power in the form of substitutes for gold, as against $483,000,000 of gold coin in cir- culation. The gold coin in actual use in 1805 was, therefore,only about one-tweilfth of the total purchasing power, or, in other words, eleven-twelfths of the purchasing power consists of substitutes for gold and about one-tweifth consists of the gold coig itself. This is of actual and practical import- ance in deciding the question as to the other property | tion 1s based embrace all classes of people and a large majority of the population of the United States, for every depositor in a savings bank, building association, or trust company, any one who is a member of a life insurance association or is in- sured in a life insurance company, every merchant and tradesman, and every one who has accumulated any savings is a lender, and contributes to such substitute circulation. It is absurd, therefore, to say that all these people, constituting the bulk of the population of the country, are en- gaged in any such attempt to “corner” gold, or are conspired to enhance the value of gold for their own benefit. Currency and Property. In this connection it is to be noted that the arguments of the free silver advocates overlook entirely the difference between the word ‘‘money” as used to express coin or currency, and the term “money” as used to express capital or property. The difference ls, however, vital and important. Capital is not kept in the form of coin or currency, because in that form it is not capable of earning any gain or increase. No one, unless it be an inmate of an asy- lum for the feeble minded, would keep gold in a strong box expecting to make a profit by its increase In value when it will com- mand six per cent interest a year if properly invested and put into us Scarcity of “money” in the sense of cur- rency is an entirely different thing from a scarcity of “money” in the sense of capital. The present currency circulation of about #23 per capita has proved sufficient in times of greatest prosperity and business expan- sion, and there could be no greater amount actually needed in times of depression. A change to a free silver basis, with chenp 50-cent dollars, would Inevitably be followed by the withdrawal of gold from circulation, Sreat consequent contraction of the cur- rs icy, financial disaster, panics and dis- Tess. Fallacy of Free Coinage Theory. As hereinbefore pointed out, the purchas- ing power based on property, as shown by the aggregate of bank deposits subject to check, is about three times the total volume of currency in circulation. Moreover, it is 30 large in proportion to the annual product of silver tnat the latter is insignificant in comparison. It follows that when there is a revival of business calling for an Increase in the circulating medium, a slight increase only in the value of such substitute will so greatly exceed any increase that can pos- sibly arise from the coinage of silver that the latter will be trifling in comparison and the demand for the coin correspondingly small. As before stated, the purchasing power of the country as afforded by bank deposits alone, without counting the currency in cir- culation, is about $4,000,900,000. The total nnual product of silver in the United tes in 1895 amounted in eoining value to 364,000,000. Assuming, therefore, that the entire an- nual silver product of the United States be coined, this would increase the purchasing power of the country to ah amount equal fo only one seventy-sixth of that afforded by currency substitute alone. Facts About Silver Production. Similarly the silver prodat of the world in 1895 was $216,000,000 In coinage value. This is about one twenty-s@cond of the amount of currency substitutes; and it would require an increase of only one twenty-second in the amount of such sub- stitutes to equal the increase of currency g4ined by the coinage of ail of it. In view of these facts, is it provable that the demand for silver to be coined into dol- lars would be so large as to absorb all of the silver product of the worli? Obviously not, for when an increase of business de- mands an increase of purchasing power this will be produced in its m convenient form and no call for silver will taxe place which will materially enhance its market value. The present currency circulation being about $1,500,000,000, an increase uf popu- lation of 3 per cent a year will call for an Increase of about $45,000,000 In currency per annum, as stated by Mr. Bryan himself (quoting Mr. Sherman), in.his speech of ac- ceptance. In view of thig fact, it is absurd to assert that there can be or will be a de- mand calling for an annual increase of $216,000,000 in the amount used of silver alone. Silver Not Necded Will Not Circulate. A person having capital will not invest or lend it when there is a chance of loss, whether the capital be in the form of silver coin or in some other form. If the plans of the advocates of free silver and a [™-ceni dollar were carried out, the additional dol- lars coined would not go ‘nto circulation nor would they make money “easier,” “cheaper” or more plenty, or start a mill or open a factory. Moreover, money 1s uniformly cheaper and therefore more plenty in gold than in silver countries. The cheapest morey in the world is in London, where it is 2 per cent per annum. In other gold countries of Europe the rate is from 3 to 5 per ceat. In Mexico, China, Spain, India and other silver countries the rate is fromm 12 per cent upward. In British Guiana (gold) the rate is from 4 to 6 per cent, while in the adjoining state of Venezuela (silver) the rate ts from 10 to 12 per ceat. The conclustor. is, first, that the alleged shortage of the circulating medium docs not exist, and, second, that the expansion of the currency will not relieve business Reais C. CLARENCE POOLE. The Mint Value of Money. Mr. R. H. Steele, discussing the silver question, writes to The Star: ‘There is one point of considerable mo- ment in this question, which Mr. Bryan has made the subject of repetition in near- ly every one of his many campaign speeches —namely, and to qugte. his very words, that ‘the reason why dur gold dollar and our bullion are worth ‘{He;Same is because the law says that you can convert the bul- lion into a dollar at the mint. When the laws are so, under thg free coinage of sil- ver, the holder of silvefA bullion can convert his silver into dollars;atxthe mint, that will fix a mint price far silver as we have a mint price for gold pow, and our silver dollars wiil be worth a3. much abroad as our gold dollars.’ oalips “Now, the sophistry of all the above statement shows in thg fact that the owner of gold bullion who deSires,to get its equiv- aient in gold coin ig; adwanced the coin at once upon the assayed value of the bul- lion—that is, the value’ of*the quantity of pure gold in the bulligft, sitermined by its weight, under the stafidard set by the’ ap- praisement of all of the most enlightened nations of the scary caft pi{coinares there- P fe from the necessary co: coinage, and in all this exchange of t! rm of the com- modity in question—gold—nothing whatever is either expressed or implied as to its price per given weight, as ‘the mint’—as Mr. Bryan says it—does not, and in the nature of things cannot, ‘fix’ any price upon coin- age metal, for the reason that this ‘com: modity,’ like all other ‘movables’ on the market to be bought or'sold, has a com- mon measure of value in money—according to the accepted standard of the commercial world—upon a ‘price’ set at the time be- tween seller and buyer; which price naturally varies—as heretofore shown— from time to time, as ‘demand and supply’ varies. Hence, when Mr. Bryan insinuates, ‘when the laws are so that the holder of silver bullion can convert his silver into dollars’ of equivalent value to-gold coin— Table No.12. in Trimmed Hats. SSSSSOSOSOSEHIHSIIS HHO OOSSIHHSSOOSOOO Dress Goods, Novelties and Blacks. ...........-seseeecececccecseee AT HALF PRICE. Curtains, Portieres, Table Covers, Sofa Cushions, Screens, Couch Covers, Roman Flower Pots and all Fancy Fringes and Fancy Articles. Our Book Department has been removed to our Front Basement. Our Millinery Department is now complete with the choicest collection of the latest productions We guarantee the finest work at popular prices. Alpines, Walking and Bicycle Hats at popular prices. Our Cloak Department is now stocked complete with all the fall styles of Ladies’ and Misses’ Suits, Jackets, Capes, Waists and Wrappers at popular prices. CHAS. BAUM, SON oON 16 7th 25 Cts. 35 Cts. Blankets, Street. SSSR" SOOSOCHTESHSOHSOOOS % @ & Se d that is what his insinuation means, Aa, te intended to. mean anything—then Mr. Bryan shows himself very ignorant of his subject, or he is very insincere. In this dilemma I leave him. “Besides, supposing it were to come to pass just as Mr. Bryan insinuates, will he please explain how, in the human nature of the case, this prestidigitation of law can bring any ‘money’ into the hands of those who need it sadly, when they do not own it and cannot In any way obtain it?) The owners of the silver bullion will be still the owners of the forthcoming silver dollars, and the sole exchange will be, in the nature of the case, that of the so-called ‘gold-bug’ for the ‘silver-bug,’ without any apparent benefit to that class of our people at pres- ent most interested, who need the earn- ings of productive labor, for which there is very little demand. By carefully considering the above stated facts and conclusions derived ther from, Mr. Bryan, and others of lke aml tions, would save themselves from the ap- plication of Burns’ pungent soliloquy upon a nameless insect: “© wad some power the giftie gie us To see ourselves as others see us! It wad from monie a blunder free us ‘And foolish notion.’ ” —_—-—> TEXAS POPULISTS. Rumors of a Secret Deal With the Republicans. The stories afloat to the effect that the republicans and populists have had a se- eret understanding with each other in Texas by which the republicans will sup- port the populist electors provided they pledge themselves to vote for some other man than Bryan are known to Chairman Butler of the populist national committee. Hd was asked about them today, but said he had no information from Texas going to show that kind of a deal. He would not say, however, that the stories were false. The truth is that Chairman Butler has had trouble from the beginning with the Texas populists. He has written the lead- ers there a number of strong letters. He has done everything he could to keep them away from the republicans. The belief is that the populists know his wishes, but are trying to keep their deals secret from him. They know that he would quickly repudiate an open deal with the republicans. He threatened some time ago to repudiate a deal of that kind if made and have a straight populist electoral ticket put In the field. He cannot act now, it ts said, unless he receives official information of the intentions of the populists there. If it comes to the knowledge of the chairman that the deal mentioned has been male he will, it is said, take instant action to warn ihe rank and file of the populists against it. He will take strong grounds. In this course he will have the indorsement of Tom Wat- son, who now appears to be at deadly outs with the cl man. Watson 1s against fusion of the populists with any party ard gave that advice in Tex: -2-__—_ Political Campaign Notes. ‘An immense crowd of people assembled at the Anditorium in St. Louis last night to lsten to W. Bourke Cockran speak upon the money question. So frequently was he interrupted, however, by askers of ques- tions that the effect of his speech was al- most spoiled. There appeared to be a pre arranged plan on the part of the question- ers and there were at least one hundred of them, On several occasions portions of the crowd tock exceptions to certain assertions made by Mr. Cockran and became quite bo'sterous. The disorder increased as he progressed, so that many people left the hall. The officials of the Gold Standard Democratic Club are highly indignant over what they term the outrage. Tom Watson made a campaign speech at Blue Ridge, Ga., yesterday, addressing a gathering of about 1,000 populists. Ho poured hot shot into Scwall from every quarter. From what he had to say he left the impression that he would remain in the rece to the end. Gov. Matthews, Mayor Taggart of Indian- apolis and Chairman Martin of the state democratic committee, together with sev- eral other prominent democrats, left last evening for Loutsville, to meet Mr. Bryan and escort him through Indiana. Mr. Bry- an will deliver four speeches in Indianapolis between 3 and 8:30 o'clock p.m. x Mr. Bryan will not be in Chicago October 9, unless his itinerary is changed. Accord- Ing to the program mapped out by him, he will speak at Burlington, Iowa, October 8, in the forencon, and at Marshalltown at night. He will then make a tour through North and South Dakota, speaking at Yank- ten, Aberdeen, Sioux Falls, Watertown, Fargo and other point: thence east, through Minnesota, reaching St. Paul and Minneapolis Saturday right at 10 o'clock. His itinerary for the tour will be given to- day. Mr. Bryan will probably make a tour through ISCO Ry a ee and enter inois about October 21. ieee aa Roswell P. Flower of New York will take the stump for Palmer and Buck- ner in a few days. He will speak first in Indiana, and the gold standard democratic national committee has announced that ex- Gov. Flower will be heard in that state October 14 to 17, inclusive. — Caught on the Root. Charles Caynor, twenty-six years old, who lives at 1523 9th street, had a narrow escape from death late last night. He was hiding on the roof of a house near his home for fear the police would get him, and one of his neighbors, mistaking him for a burglar, emptied his shotgun at him. This attracted the attention of the police, and Officers Hoagland and Cochran captured him on the roof. The young man is charged with the theft of bicycles, which, {t is charged, he disposed of in Maryland. The police also suspect him of being con- nected with a case of forgery. Detectives Boyd and Helan, who had investigated the cases, learned last night that Caynor had returned home, and they expected to get him this morning. But Caynor’s effort to elude the police by hiding on the roof had ony hastened the matter and deprived him of his liberty a few hours earlier. Tomor- row he will be arraigned in the Police Court. VETERANS’ FAIR FRIENDS| Committees Appointed to Act During the National Encampment. The Event Promises to Be Largely Attended by Visitors From Over the Country. The iadies of the Union Veteran Legion have arranged the following committees | for the comfort and entertainment of the | Union Veteran Legion and ladies of the U. V. L. when assembled in national en- campment and convention here, the 14th, 15th and 16th of October. Executive—-Mrs. Celynda Werner Ford, chairman; Mrs. Flora A. Lewis, Mrs. Mary L. Austin, Mrs. Emma M. Gillespie, Mrs. Glendora A. Kidd, Miss Mary E. Shannon, Miss Mary B. Smith. Reception—Mrs. Flora A. Lewis, chair- man; Mrs. Nelson A. Miles, Mrs. Albert Ordway, Mrs. John A. Logan, Miss Clara A. Barton, Mrs. John W. Ross, Mrs. Chas. F. Powell, Mrs, Jaines Tanner, Mrs. Ellen Spencer Mussey, Mrs. Wm. W. X. Dud- ley, Mrs, T. J. Shannon, Mrs, Fanny Pom- ercy, Mrs. Addie R. Perkins, Mrs. Celynda Werner Ford, Miss Mary 8, Smith, Mrs. Ellen J. Foote, Miss Mary E. Shannen, Mrs. Isador Saks, Mrs. W. G. Moore, Mrs. N. C. B. Wright. Mrs. Tho:nas R. Marshall, Mrs. George Gibson, Mrs. L. D. Wine, Mrs. L. L. Blake, Mrs. Luke Kelly, Mrs. Wm. T. Pierson, Mrs. D. G. Purman, Mrs. Liz zie W. er, Mrs. Ruth G. Blasland, Mrs. Albertine S. Odell, Mrs. Hose E. Ferree, Mrs. Maria H. Weisner, Mrs. Jennie G. Housten, Mrs. Laura V. McCollough, Mrs. Mary A. Young, Mrs. Aelia C. Perham, Mrs. E. Kate Temple, Mrs. Helen B, Mathews, Mrs. Helen R. Holmes, Mrs. Henrietta R. Rese, Mrs. E. H. Klemroth, Mrs. Laura Lemon, Mrs. E. A. Cleav Mrs. Cella A. Sneden, Mrs. Emma E. Mey ers, Mrs. Serah S. Thorne, Mrs. Florence George, Mrs. Overacker, Mrs. Shinn, Mrs. A. M. O, Connell, Mrs. Nelle Royce, Mrs. Orton, Mrs. L. A. Crandall, Mrs. Emily s. Mrs. B. H. War- 5 hton, Mrs. Wm. P. an Wickle, Miss Eunice 8. ipley, Mrs. Emma M. Gillespie, Mrs. Harriet L.Scribner, Mrs. Mary Tryon, Mrs. Glendora A. Kidd, Mrs. Mary S. Gist, Mrs. Eliza B. Wine, Mrs. Mary L. Austin, Miss Edith L. Shaw, Miss Laura A. Thompson, Miss Celynda Ford, Mrs. Lewis J. Geager, Mrs. Emma A. Merrill, Mrs. Helen L. Norton, Mrs. Sarah S. Samson, Mrs. Margaret A. Weaver, Mrs. Susan V. Jackson, Mrs. Anna E. Kearns, Mrs. Anna E. Ball, Mrs. C. T. M. Bach- man, Mrs. Mary J. Mays, Mrs. Wm. L. Newell, Miss Lilly McDowell, Miss Nora E. Tyers, Miss Mary E. Thatcher, Mrs, Har- riet Raymond, Mrs. Leida E. Thatcher, Mrs. Addie H. Feathers, Mrs. Tena Dunn, Mrs. Amarda L. Persings, Mrs. Fann Perls, Mrs. Mary J. Williamson, Mrs. Mary E. Scoit, Mrs. Estelle Waltemyer, Mrs. A. C. Bromicy, Mrs. Hooks, Headquarters—Mrs. Glendora A. Kidd, chairman; Mrs. Flora A. Lewis, Mrs. Em- ma M. Gillespie, Mrs. Ellen J. Foote, Mrs. Harriet L. Scribner, Mrs. Emma A. Mer- rill, Mrs. Helen L. Norton, Mrs. Anna E. Baill. Depot reception—Mrs Mary L. Austin, chairman; Miss Edith L. Shaw, Miss Laura A. Thompson, Miss Mary BE. Shannon, Mrs. Anna E. Kearns, Miss Lily McDowell, Miss Celynda Ford, ‘Mrs. Leida E. Thatcher, Miss Nora E. Tyers, Mrs, Estelle Walte- myer, Mrs. Fannie Peris, Mrs. Mary E. Scott, Miss Mary E. Thatcher. Invitation—Composed of the officers of the Ladies of the Union Veteran Legion, 4uxiliary No. President Mrs. Celynda Werner Ford, chairman; Senior Vice Pr dent Mrs. Addie H. Feathers, Junior Vice President Mrs. Glendora A. Kidd, Chaplain Helen L. Norton, Secretary — Miss . Shaw, Treasurer Mrs. Tena Dunn, Conductress Miss Celynda Ford, Guard Mrs. Mary L. Austin, Coler Bearer Mrs. Anna E. Kearns. Printing—Miss Mary E. Shannon, chair- man; Miss Edith L. Sh s Ce Ford, Mrs. Harriet L. Scribner, Mi dora A. Kidd. Hotels—Mrs Emma M. Gillespie, chair- man: Mrs. Emma A. Merrill, M Laura A. Thompson, Miss Edith L. Shaw, Mrs. Annie Etheredge Hooks, Mrs. Anna E. Kearns, Mrs. Mary J. Williamson, Mrs. Estelle Waltemyer, Miss Eunice S. Ripley, Mrs. A. C. Bromley, Mrs. Tena Dunn, M. Amanda Persings, Mrs. Fannie Perls, Mrs. Mary E. Scott, Mrs. Mary P. Ripley. Music—Miss Mary B. Smith, chairman; Mrs. Flora A. Lewis, Mrs. H. tL. Scrib- ner, Miss Edith L. Shaw, Miss Laura A. ‘Thompson, Miss Mary ©. Shannon. The Reception to the Veterans. The reception to be given at Willard’s Hotel on the evening of October 13 by the Ladies of the Union Veteran Legion Aux- fliary, No. 32, In honor of the national officers of both the Legion and Ladies of the U. V. L., promises to be something of which the veterans will always hold a happy remembrance, us every effort will be put forth to make tne occasion enjoy- able to all. Additional notifications are being received cf the intention of encampments to par- ticipate in the exercises next week, and general gratification ‘s expressed by the writers of the letters at the reduction of the rates for transportation to Washington and return to the price of a single fare between outside poin:s and this destina- tion. Reduced Rates to Bnttlefields. There will be Joubtless additional pleas- ure felt over the announcement that a single fare fer the round trip has been arranged with the Baltimore and Ohio rail- road from this city to points on the vellcy branch as far south as Lexington, and also to the battlefields of Antictam and Gettys- burg. These rates wi be good from Octo- r, Annie Etheredge Mrs. Mary P. Ripley. ber 13 to 18, inclusive, and will be in all probability, taken advantage of by many veterans who desire to revisit the scenes they helped to make historic. YOU CAN SEE SOUND. Marvelous Experiments W. the Photographic Lens in New Fields. Ficm the New York Herald. If the human eye goes on increasing in usefulness as it has been doing of iate it is not at all improbable that eyesiznt will usurp the functions of hearing. In the past a sound has been “heard” only. Marvel- ous to relate, it has been found possible to see a sound and to photograph it in its course. This discovery, following closely as it has upon the X rey and other remarkable discoveries, has set the scientific world to thinking what new problems cre left for men to solv This iatest sensation in science, according te the Vaughn and Cornish M. Sc., show that if a photographic lens be turned ou @ Martin! bullet in its fight througa the air the photographic plate shows that a dark iine of compressed air can be seen in front of the ball. in the path of the bullet on which a lens was turned, in course of a series of exhaustive experiments just made public, the hole cut in the air uy the projectile could be distinctly seen closing up as the almospheric waves subs: and the Separated air came together ag: necessary to brit bear upon the bullet in its flight, « tric spark was formed by an ‘ingealous method, and by sending the bullet past two wires that completed an electric current a photograph was obtained by the light of the spark thus created. Photograph of the Humming Sound. This showed an interesting state of things. Besides the dark line formed by the plied up atmosphere in the front of the bullet ard the smokelike air waves in the r ar, there appeared on the plate an arrow-acaded Wave that was caused by the hum of the bullet. This hum broke the atmosphere in- to arrow-headed sections that could be dis- Unctly seen on the plate. A comparison with the time when the sound was heard with the time when the sound could be seen on the photographic plate proved that the soldier who “dacks” when he hears the whiz of a bullet Is wa ing energy, for the bullet has passed when the sound is heard. Experiments with bul- lets of greater vel ity showed that the ar- row-headed air waves were always of the seme shape, but with an increase of impact they became sharper at the point. The difference between waves of the sea and sound waves, as shown b; esting experiments, is that th moving backward and for tumultuously as with water. ‘She ticles, burst asunder by the impa projectile, scatter into the atmosphere, thus Producing a greater density. This action goes on continuously in front of the bullet and on either side. Vhe air Wave transmits its energy to thi ne:ghboring layer of air, which, be ce Aaod compressed, becomes in its turn the wave front. The alr waves, now that man can se them by the aid of a photographic ic me 4 shown to be regular and systematic in their habits. When distributed by the flight of the bullet they scatter in arrow-hcaded waves until the disturbing clement has passed on, when the layers of air recoil ‘nto their former position. The motion cf the air particles was found to be wholly tor- ward and back to rest along the same Sound Waves From a Piano. Experiments made to ascerta!n what con- dition of the atmosphere caused the sounds that are made by the striking of a y no key revealed the fact that the Vibration sent out a succession of pulsations of the atmosphere, each of which is an « lastic air wave independent of those which p: and follow it. The photographic iens showed tiat the sounds seen were waves, of which the er arated by distances of aly four and a half feet. The particles of it could be seen, were caused forward and backward s ing. former the is compre: latter it 1s rarefied,each pulse of comprs air being followed by one of raredod aur. Expe with the vibrat string that the air is compr and released very suddenly, which gives the sharper sound of the violin as compared with that of the piano. An atmosphere disturbance on a large scale has a very different form of wave front. The eruption of a volcano, if the photographic lens could be turned on it, weuld show a great ring-shaped wave front radiating out to all points of the compass, and going haif way round the earth. Then this wave would contract when relieved of the pressure and return to the regiva of the voleano again. From observations made during the final paroxysms of the Krakatoa eruption, Mr. Cornish is of the opinion that the great air waves, if photograph apparatus could be constructed that would take them us it does the aerial disturbance made py a bullet, would show that the waves spread out with diminishing intensity at each journey unil they had made several complete circults of the globe. sn.’ It being ede —+0¢ Her Head Cut. Last night about 9:30 o'clock there was a fight on M street southwest, during which Arnie Mitchell’s head was cut. She was sent to the Emergency Hospital for treat- ment, and the police are looking for Jen- nie Whittield, who, it is charged, did the cutting. —— The Craiser Newark. The Navy Department has abandoned the plan of sending the cruiser Newark to the South Atlantic station with a draft of men to relieve those whose time has expired. Instead, the short-time men will be gath- ered up on the Castine at Montevideo ard brought home on that vessel, which will then return to the station. Meantime, the Newark will remain on patrol duty off the Fiorida coast.