Omaha Daily Bee Newspaper, December 22, 1892, Page 4

e — e ——— R TT Y THE k. AILY _BRE. RIREWATER, Editor. — PUBLISHED EVERY MORNING [ = OFFICIAL PAPER OF THE CITY. = TERME OF SURSCRIPTION Pafly Bee (eithout funday) One Year hally and Sur One Year Mopiths. hree Moni i windny nturdny Veekly B * 800 10 00 Omaha, The Omaha, cormner N Conneil BInfrs, 12 Pe Chieago Office. 817 ¢ New York, Rooms 13, Building. ¥ Washington, 518 Fourteenth Strect. CORRESPONDENCE, ANl communi latin editorinl miatter should be addressed Editorial Depnrtment, BUSINESS LETTY letfers and remittances should sed 10 The Bee Publishing Company Dratis, checks and postoflice orders ble to the order of the con 1 26th Streets, e Aner of Commerce. 14 and 10, to news and to i fons All L te add Ominh 10 be mde pays pany BEE PUBLISHING COMPANY. BWORN STATEMENT OF CIRCULATION Btato of Nebrika, | County of Dotiglns, § Georgo I Trchuck, secrotary of Tie 1 Publishing compuny, dog Jeninly swear th he actual circul. of TiE DAILY 1 the week ending D 7 , Decenber 11 Monday, Decen Tuesdy, D iday, Dig nturday, De Avernge 5 GEORGE B, Sworn to before and A NATIONAL q needed and congress ouzht to provide e it ns sprolily as possible It 18 interesting to noto that the Bwiss telepbone system, which is said 10 be the b st and cheapest in Eutope, @ under gov-rnment control TP LOOKS usif the povulists would Mold the hal nco of power in the next penate, but it would bo much mor esting if the democrats had a majocity. Ir 18 smd that Cornolivs Vanderbilt 1s preparing to build a $2,000,000 resi- @ence in New York. Well, thut will pfford a markot for $2,000,000 worth of materials an 1 labor. T manufacture of 4,000 pounds of binding twino diily by tho establish- ment at Fremont shows that this im- portant industry is lourishing without the assistance of the binding twine trust. THE total firo loss of the country last month was $ 2,008,7(0, and it 15 esti- ated that the aggrogate for the year will be about $135,000,000. These fig- ures aro dec dedly interesting to the Insurance companies. THE meeling of Nebraska dairymen at Minden may be made profitable by Dbringing the question of vackages into prominence. As good butter is pro- duced in this state as anywhere else, and there is no reason why it should not e prepured for market with greater fwore. ALTHOUGH Mr. Carnegie receives post of the blame for the troubles at Homestead, thoro are twenty-five stock- Jolders in the company. It ia capital- €zed at $25,000,000, and there aro several millionaires interested in it whose names are never paraded before the public. BHORTER routes and cheaper rates of transpo tation are among th3 most im- portant neolsof the time. For this reasoa it is desirable that the Nicaragua canal project be carried out and that the grout lakes be connected with the san by a waterway thit will accom- modate sea-geing vessels. The time is ripe for both of theso enterprises. THE great grain blockade at St. Louis ghows that the railroad companies have wntirely fuiled to realize the extent of the demand for shipping facilities that ‘has been caused by the carrying over of a largo stock of wheat from last year’s orop. There are now about 7,000,000 bushels of wheat in the elovators of that oity and the tracks arefilled with loaded cars, THE bankers of Nebraskn are strug- gling with the question whether or not the days of grace now allowed on matured paper should be abolished. It i8 u matter of slight conscauence to the borrower, for days of grace are ef no practical use to him. They lengthen the period during which he must pay for the use of money and he gainsabsolutely nothing by tho privil ege. THE *‘force bill” issue has been thrust upon the attention of congress by the concurrent action of a Tennessee senator and representa’ive, who have intro- lduced measures for the repecal of the federal olection laws, They are wast- ing time in proposing this vo the pres- ent congress, but iv will give them a ittle cheap notoviety, which is probably what they ave chiet ID APPEARS that the actioa of Great Bratain in placing on the great lakes three rovenue cutters that are praoti- cally gunboats has caused our own gov- ornment to think a little of the need of providing for the protection of our lake frontier, The equipment of two large vessels recently built at Toledo with a Aighting arwament is now proposed, and will probably be carried out. They may never be needed, but itis well enough 10 be on the safosi de, T'HE statement that the Canadian au- thorities ure fitting out on the lakes rev:nue cutters which may readily be converted into war vessels is not quite new, though now it comes with the authority of an officer of the marine sevvice, Toe treaty between Great ‘Britain and the United States, regard- fog armod vessels on the laies, does not provide against revenuo cutters, but in- #smuch as such vessels can be built so 88 to be made easily available in case of war 1t would seem that a revision of the tiroaty, as suggested by the secretary of state, isin order, ‘ribune | | panic is not appurent. | | ser THE FINANCIAL SITUATION. Thers appoars to have been no suffi- cleat cause for the recent financial flurry in Wall street, but none the loss the country will ba ronssurod by the statewnent of the secratary of the trens: ury that there is no longer any prospect of a panic. What valid reason was for the least apprehension of a It is true thero shipments of gold at the beginning of last week, and indications that they would bn increased as the wesk advanced, but this havdly justified the perturbation in the money mariet that was responsivls for tho depression in stocks and the alarm that came very noar colminating in a panic, lions of gold, as observed by a shrawd writer on current financial affairs, from a total currency amouiting ty over a th wd millions, should ereato marked u scaroity of money as there ap- peared to by last is explain. able only upon the theory that foar is more potsnt thian actal facty There was really no substantiil grouna for the lats excitement in the castern money market, as subsequent circum- stances have fully demonstrated, but it sd to ilustrite how casily a punie may he broughtabout through a sulden sap In referring to the financial the comptroller of the curroncy gestod that the apps stringan may be intended solely for its eff on congress, This is hy no mean probuble. There isa practically unan- imous sentiment among oistern finan- ciers that the silver purchaso law ought tobe ropoaled, and they may be e pected to lose 1o opportunity to ke it appear that tho continuance of this law is a menace to financinl stability. The party that will come into con- trol of the government after Mavch 4 next is pledged to the repeal of the act requiring the monthly purchaso by the government of 4,500,000 ounces of sitv and bills for this purpose have been in- troduced in the present congress, The time is thorefore ripo for impressing upon congress thay the silver policy of the government is driving gold abroad and drifting the country to @ silver b It is trus that Buropsan govern- ments have been accumulating gold and while this process goes on thay will get their supply largely from this country, but it fs by no moaus elear that their movement is a conseguance our silver policy. Meanwhile thesecre- tary of the troasury sees nothing alarm- in tho fact that the country has wore €ome 80 week, flu 20t ing recently losta few millions of gold and exprosses the opinion that it will soon be returned, with interest, through the regular channols of trals. But if should not be the loss ought not to pro- duce a panic, since the stock of go'd in the country, according to the last re- port of the secretary of the treasury, is over 0,000,0.0. Tt would seem that however much mora active tho scramble for gold may be- come in Burope, under the influ ence of a desire to provids against a there | Why the lossof n few mil- | | sarious o | dieation that the sug- | m- | ot | it | | to adopt silver and give up its gold,” | it | the | meantime, it | newing | canal, and the railroads have been en- | tion | their great lines of steamors, possible panic demand, the drain from | this country cannot bo so large as to im- peril our financial n. | constantly, und by which they a-o en- At uny rate, | there is good reason for confidence in | the assurance given by Se 3 that there is nothing alarming situation. The legitimato busine terests of the country are in no imni ate danger of being disturbed by a finan- cinl panic. PROPOSED BANKRL From tho expressi congress of both political parties favor- able to a general bankruptey law it seomy u safe conclusion that the present congress will give the country the pro- posed legislation. Certainly if the de- mand of the business world, which ougrt to know whit is desirable in this re- spect, is to bo given proper considera- tion & moasure of uniform bankrupte will be adopted. There is not a cham- ber of commerce or board of trade of any importance in the country that has not declared in favor of n general bank- ruptey law and thousands of morchants not connected with such orgiuizations have united in the demand. ¥ LEGISLATION. The consensus of opinion amonz mem- | who have publicly ox- | tho subjeet is | bers of congr pressed themselves on that such a law isof the highest im- portance to all classes of the business community. sands of honest poor men who heretofore failed would be discharged and very large amounts would be annu ally saved to creditors which are now spent in endeavoring to obtain or re- tain incquitable preforences. The Tor- rey bill, which is tho measure proposed, is conceded to be the most complete embodiment of bankruptey administra- tion ever drawn. It does not propose to interfere with established business methods and customs, but only to pro- vide a just and safe rule for the admunistration of the assets of those who become dishonest or insolvent, the discharge of the honest insolvents after they have surrendered theiv property over and above their ex- emptions, and the punishwent of those who have committed fraudulent zets, According to statistics less than 2 per cent of those actually engaged in busi- ness fuilin the course of a year. Tho proposed law would thevefore apply only to that small per cent of the business community, not touching at all the af- fairs of 98 per cent, except inso far as they muy have claims ngainst bankrupt estutes, This measure has been under discussion and criticism for two years or more, in and out of congress, and it has been made as nearly perfect as such a law can be, The demand for a uniform law relat- ing wo bankruptey does not cowe from any particular section of the country. It is general, being ns strongly favored in New England as in the south, and as much in the west as in either section Thus the sentiment of the country practically unanimous for it and there is no apparent reason why congeess should «further postpone a favorable response to this general demand. A FAVORABLE VIEW OF IT, The financial authorities at Washin ton &re reported as taking a favorable view of the results of the international monetary conference. Scerotary Charles Foste * does not concur in the very gen e.al view thav the conference will not of members of | Under its operation thou- | have | | points to New York, ca | other frel measur | the | for the trade. | during the corresponding month last assemblo in May, nor does ho agree with thoss who nssamo that it will be failure. e rogards s signifionnt, and #0 it was, thav a proposition should como from one of the British delegatos for the ineronsed uss of sitver, coupled with the declaration that une Joss somothi wais done to insure its better usa nmong the navions very ‘ squences would follow. The secretary rogarded this ae a hopeful in- | prominent bankers of | the world feel the necossity of reaching an ngresment that will secure approxi- mate uniformity ths world over in deal- ing with the question. | s of tho American delegates, Prof. Andvews, express:d the opinion that | the conferance achieved all that could | have boen expected. 6 removed proju- | dices and led to a better understanding of the monetary conaitions of the vari- ous countries represented. He saw rea- son to hope that a second session will achiove practical results of much mo ment, uniess there should boa strong | demonstration by the ultra-silver in congress in favor of free age by the United States alone. That, in = the opinion of Prof | Andrews, would put any action by the conference wholiy out of the question. “If Burope can get the United States men coin- snid this delegate, “'it will consider its monetary trouble settled for the time being and will do nothing. 1If, on the other haud, people here can be made to | feel that the question is inits natare in- tornational, and that we will under no circumstances giveup our gold, Buropo will be found willing to co-opsrate.” But notwithstanding theso favorable | views of the ¢) ence it is very difii- cult to seo anything of real value or im- portance in its deliberations. Grant that there was a genaral recognition of the fact that something ought to be dono, the conference was cortainly not nocessary to discover that, but when came to a serious consideration practical plans the confer- could unite on nothing. i is not practically a failure rm has a definition we do not know of. Tho result is certainly so re- garded by the the Luropsan press, and articularly by government organs, which warrants the bolief that theve will not b another maeting. In tho doubtful whether the free silvar mon will refrain from renew ing agitation, as Professor Andrews suggests thoy should, though mni festly they have nothing to gain by ve- efforts at this time in behalf of frev coinage. of ence that is Tue fact that a decreaso is shown in the teaflic of the Erie canal does not by any means prove that the proposed ship canal to connect the great lakes with tho sea would nob bo profitable. Tho | competition of the Vaaderbilt system of rarlroads has nearly killed the Erie abea to carey successfully on this competi- beeause they havo which they are adding to and improving led to make through lake aud rail rates from Chicago and other western ying grain and | sht so choaply during the gation that it is in great diverted from the canal route. When the canal is closed by cold weather | railronds put up their freight | vates, but they mako money even when | navigation is opan on the caual, | It wera possiblo for vessels | to their eargoes fram the western markets to ths sea without breaking bulk the freight rates would be groatl) reduced, for it is to be remembered that there would be many lines competing The monopoly of the | Vanderbilt roads across the state of | New York would then bo destroyed and the western firmer would get the ad vantage of veduced rates of transporta- tion. season of n it Tils ses Sault Ste. per your. son trafic Marie canal through the exceeds by 20 cent the tennage of any previous In Octover alone 1,135 steamers, 595 sailing vesseis and seventy-one rafts the cunal. The aggre- gate tonnage was 26,000 tons more than year, and the total for this year will be about 2,000,000 tons greater than i y previous year. These liguresafford some idea of the volume nnd growth of the commerce which the west is pouring into the markets of the o | I7 15 peculiarly fitting that the long series of yacht races for the America’s cup should be resunied during the expo- sition year. Great Britain bus been trying for about forty years to recover that trophy and has not yet been able | todoit. Our supremacy in naval de- signing has been maintained and the nation that is called the queen of the sens has not heen ablo to mateh the skill of American yacht beilders and sailors. It mains to bo seen whether the | Englishmen will trinmph next year or not, THE political situation in F reached a stage which into a revolution uny day. tions seem to be favorable to such a re- sult with one important exception— | there is no leader for such a movement, Were Boulanger living he might now | fiad his opportunity, but it 1s strong testimony to the hold whivn republican institutions have taken upon the people that no one arises In this exigenoy to rance has may develop The condi- Nebragka Farmers allianco has undertaken the solution of many ques- | tons of great importance 10 the agri- | cultural interests of the state, but the most urgent of all is the enforcement of logislation for the reduction of freight | rates. Il the farmer is to keep his head | above water he must be enabled to get his produce to market at more favor- able ietes of transportation than he now has. ONE of the most interesting exhibits | at the World’s fair will be that of the | railways and the development of the | vailway system of the country will | thereby be shown in a siriking man- wner. About 85,000 feet square of | floor roowm will be devoted to the work- ing models and in addition there will ! ateand house will be silent for the next Iishment of | lines have recently been put in opera: | gouth and those of Burope and the cot- | of it for | w demor | tion of continental union has come forward bo palntings, and sketches wholo record of ¢ to locomotion all rilway compal many thousand construction of oxact roproduct attempts at locol contrast hotween perfect mechanic wonderfal losom day will be amazi e | A will show the ontion of steam the world. The are spending dottars in the hinbs that will bo of the first crude ivo building. The ese early and im- | trivances and tho es of the present Coxanress will adjourn today for the holiday recess, and the halls of tho sen- ten day During the saventeen da, of the presont session neither houso has accomplished anything of importance, but this is the usual experience before the holiday season. particularly with the short session, and it suggests a good reason why the date of the nssembling of congress should be changed. As at present there practically a month frittered away before thoe body gets down to solid business is n The foreien trade of the south is being rapidly developed by the est stoamshin line Several tion to ply between the ports of the ton industry is likely to be greatly hene- fitted thereby. The railroads that have heretofore carried southern products to | northern ports for shipment may not like this change, but it will bo an ad- vantage to the producer. 10 at the White He Chicaan Mail. The big gun for the navy withstood a | sure of 00.000 pounds to the square in This would be a good thing to have receive the applications of oficeseekers. A Plumb for the Hungey. Mismeapolis Tr ster of the g as asked to be reli A moment, ye v thirsty, and then faint de 1 se. e city of Phila Just think ary and ve Our populist friends in Nebraska will do well to “lceep in_the midile of the rowd.” Make no entangling allitwees, anl so avoid the suspicion of being influenced by boodle.” o - The Source of Intelligene Pittshurg Chioniele, « vovelyan, Mr. Gladstone's vy for Scotland, says we may read books, but we must read newspapors. It will he seen that Siv Georgre is a man of rave intelligence, - — Makes w Suggestion, New York Sun. © from Mexico shows a new pecting for precious metals erolite fellin, such a skillful way that it dug up the soi to disclose w swollen vein of silver, | s now boing. u(pped, Ifere is for Rusk & Dyrenforth, cloud s ain pullers: Why not’ shoot for Deserves todio Crushed. Globe=Pemocrat. high prices for anthracite cutting down the demand, This is a good vto attack the trust, but cven if the | os should fall off 8 or 10 per cent from those of the past’twoor three years the trust would malke about as mueh money as it did then, Congress should give its days aud nights for o whilago tho atudy of means to erush this combination. T i g the Governor a Chance, Howells Jowrnal. The outlook for having any much nee ailroad legislation passed during the comi session of the lezislature is very meag deed. 1 though the independents \ts united might suceeed in pa ate bill as would relieve the i do justice to the railroads, it cortain 1 sveronr Crounse wou! the measure; and to pass it over | would be an impossibility under the « So we simply bow our head in put our hands down in_our pockets help to swetl railvoad dividends at the ou ta . for at least two years longer, Nat A pleasin, method of chance pers wnd aerolites The coal Gi el u- and | Wz a ople almost veto | Slanghter on the Railroads. Kansas City Times, According to the report of the Interstate Commerce commission for the year ended | June 30 last one ay empl v of every 206 was killed, and during th year the rate of mortality was onc 106, In other words, the increase in the nwmber of fatalities was 9§ per cent, and this was accompanied by an increase of 17 per cent in the number of injuries. ‘The inc in the number of employes was ut. Why the crease in the rate of of the constant_multiplication of safely linnees, can be explained onl ory that the railw Jorupon the othicr theory *s mulke men cavele ,in the Nd t, No ¥ New York Tribune. That railway suit in Mass: ver the sum of 15 cents las in fav ) court question than the amount sued for husetts to re- decided he minor is greate pstion e to pay vish hima | hize with and will intention to apj It is probably out of the question to expect the rule th ails in foreign cities regarding passenge street cars, omnibuses and the like—that only muny passengers as can be furnished soats must be ca ed—to be enforced American 3 but on regular railway lines engors are accustomed o better treat- and are justified in trying o enfore what they believe to be their rights. — ey ted Complinent. Schuyler Herald. €. D. Casper, tho veteran cditor of the Butler County Press, is being mentioned by his many friends throughout the state as the next speaker of the'lower house of the Nebraska legislature, Charlie, as he is com- monly known amonZ all his newspape friend v worthy of the honor, He has in both, branches of the leg! record a8 a4 member has been ding credit to ‘hithself and his party, is vote and inf Nus always been found side of measure caleulated to t the produc of the state. He has favored every reasonable measure coleuluted 10 exorbitant freight rates ebraska railroads. The dem- lependent members could do an to umite and elect him AM Ty charged by ocratic and i no better th speaker. PRI e Canuda and the nited Stutes, New Ydfk Sun, Finally, political unian or annexation is no new question. It is us old as the first thought of colonial independence. 1t has been advo catod by patriots, philosophers und d ats from 1303 to the ‘present timo. The al articles of confederation and per- petual union provided that Canada should be admitted into the union wheneyer she might apply, and the war of 1812, with i mous cost and small gains, w mostl, h the object of wresting from British sway. And now that the ques- | without assistance from us, we must, in view of what hus been said and of what remaing to say, regard it as altogether the most im portant question claiming the attention of the American_people today. It is clear the interest of the entire union and of eve state in the union Lo encourage and assist all proper means the movement now o Lo fully progressing in favor of an equal, honor able and perpetual union between the Do- wminion of Canzda and the gres rapublic. The spirit for upion among the citizens north of the border, :0 far as we can ascertain, i spontaneous, far transzending every consid- eration of a pariisan or sectional naty and it should appesl to the purest and most un- | in | thing for United S | just | up b | There a solfish patriotism not on citizen, but of evory English apeaking porson on the North American continent e COMMENT ON COMBINK! Teatrice Times: The democrats and pop. ulists have never boen very successful in fusing in this state. Their efforts to fuse in the organization of the legislature are likely to prove as abortive as those heretofor tkinson Graphic: The ixious to fuse with the d organization of the Nebrask nture the equal partnership rale of share share aliko,” Such an incongruous combine would suggest the practicability of estab lishing a powder house in hell ford Tribune: The un 1t and independent membe islature has been nged in Lincoln last week, but the mony will not come off until the organiz of the house, ‘Fhe tevms of the contract apparent. The democrats trading ove 1tes senator, rice Bxpress: The tender solicitude rssed by demoeratic organs and leaders now for the Nebraska touching, indeed, not to say pathe anti-monopol wi-millionaire. o, anti-trust, anti-railroad & tion tow line is being L and the frequent resort to the regula fon phillipic against all things and condi tions that donot emanate from the inde pendents und_farmers, adds cmphasis to the general solicitude. And_while inde pendents and farmers like, m ther the word anti, as applied to_the principl and policies repugnant to ther, they not submit to_the eng Process, nor will they perimit themselves to be swallowed y by the bourbonism represented by or and solicitous democrats, They rcont the pill and make itas pal as possible, but it will not go down - SENATORIAL POTPOURRL Towells Jomrnal ( on T anti-hond nd anti-pr employed vigor 15 these may s atabl meressman Bryan is good, but if it could be made to read United | be much | States Senator better. The itin its power to Bryan. it would coming legislature will have ake the change, 1 Phonograph (iud.y: If our demo- o 80 anxious that the nest tes senator shall ot be a repub- lican, what is the matter with them turmning inwith the independents and help send that nd old man, John H. Powers, He is tonest, upright and_knows what the people of Nebraska demund. Columbus Telogram: One gotting the populists together on the ques. tion of eleeting a United States senator, is wly every member of that party in is eagor for senatorial hghtning to 1 will prefer to let the hallot well, probably until trouble with an is elected. Sutton Advertiser: name is spoken of with the United number of papers t hon ble as the very alted place shrasla Beatrice Bxn Governor Crounse’s favorably in conncction States senatorship by a roughout the state. Iis i useful career single him out best sort of a muan for that ex: ind once the he would b m Benton was to Missou Mr. Paddock his o mies. it's true, even within his owil party. but this_is rather to his credit than other wisa. The man that has no enemies has not been ablo as yet to make a not private life, much less in public station the independents have a sincere desi seeure a senator who can be of practic viee to the state, a man whose rocord is ab- solutely unassajlable, they will give the support to Mr. Paddoc little heod to’ the solicitude of the 1t Lincoln Ne The republicans of Ne- braska are not in favor of electing a man United States seuato plain his republicanism i slumn letter published as terin tho public press, and unable ina- fifty column ina satisfactory manner lican, he has opposed ev lican g what has sfon in the senate in t advertising mat- who would why, fow ) publican clei twant 4 man i 1ism 50 thin lost nine-tenths senate whose illusc it s ator Pad polit u, w h ottice he now 0 interesy in the h ose only hold i v Paddoc is not a to Ho conviet docs publi claim himseif an independent. sents no party, and is without i courage. When the senator ure to expic L opinion it is always i jury has 1 verdict. Shallow illatin Senator Paddd an who be relegated lifeat the ve vlicst opportuni andid: is an insnlt to republ plenty of available candic senator for whose snism no or explanation s b ven- excu BLUES. Intel t the 1d -Why don't hen she knows that Mr nold flame, Elmira Gazet 3 i tor all, the course dinner terof taste. No clurge 1o florists for would huve your plants pring beds, ats could only 5 0 the day- | i e they Atchison Glob s men, A roo tice Howed it. 15 not 11 of yours. s, it has ors already. ditor round o nin York Weekly Petted wife—~This old- chaiv is delightfully antigue, but omfortable. L don't see how your Conla sit in 1t and (mildly)y~1 presume she ally tired when she sat down, Was usu- Twinklings: Bracelets are worn ahove {ho elbow this » son, embr 15 it were, the humerus, but the man who pays for theni will nob see niueh fun it Life: “Do_you suppose scientists will ever over the missinz 1ink?” fhey can’t help it @ danced with two of the links last oven [ i Detroit Free Press wedding, I suppose, Henry,” said the old gentle 10 the new son-in-law, “that yon are aw \cok for$5.000 1 put nmonz your wedding SeNLS WAS 1 for effect?” o yes it nd ‘the effect was excellont. Tl shod 1t this morning without a word. The next day after the ROPED 1. Minneapolis Jowrnal, Soat d one day at the e 1w woary and i1l at And I noticeil the neighhors ilso Were shaky about the knees; But T pu the hellows wildly, Until my teeth were loose, And a wild-eyed delegation Broke in and used a noose, dion, A TRIBUTE 170 THE COOEK, Albany Jmwrnal, g cook! ey carthly blessing, 16 povts’ yre Would lose its fire But for his skillful dressi In every “Tis sdid *The hand Moves earth that moves the 1y 10 10 15 he Moves earth who wields the ladle, Sook for Of broke md wild confusions 0ws Of stone, s on eating. aros And night's nightmares Are nature's stern entreating, When girls arve taught The things they ought They, won't for mates we striving, T ) old mald Will droop and fade, And men will tuke to wiving. And th The Aud varth n will come Heniu 1 be us. Puradise found Will compass round A world without a weed in, den. DANGER OF A PANIC PASSED ityites are | ts in the | independent is | The | will | 10 | Gobt | the ble succossin | If | | The of | or is a cold-blooded | man which | | bility of u financial crisis being precipit 1ted | tic n | the ways and means cominittee. sufli- | | | + Wilson, to beeloud the public mind with s | thes whois compelled to | i ed five | | of New Yorl and told him that { antiolpated before thin. time very heavy drains by Burope ) onr #old reserve, and that I hoped when {t bogan stops would bo taken to prevent any alarm in thi ntry, a8 there could be nothing in it which should cause the loast apprehen- sion from us. 1 axpressed the opinion, 1 bes liove—and if [ did not, 1 shall expross it to Secretary Foster tomorrow - that when the drain becamo heaviest upon onr gold reserve a statement should be fs. sucd oxplaining it, and with the design of allaying all foar of a panie. There is not the slightost ground for any apprehonsion in this country. We are simply furnishing Europo gold with which to provent a Euro. pean panic. Tt was our money, in fact, that stayed the tide wiich threatened to bank rupt Europe when the Barings failed Patting the Gold Into Use. veral months ago nee and probably some_other 1 to enlarge their gold reserves, We had over $650,000,000 of it in our treasury, more than out share, and we could aff give up o quarter of it and not feel tho effect. FEurope has to pay us over £00,000,000 a yeay on account of our balance of teade. She prov fors to do that by returning our corporation and other securities. and in doing this a drain is naturally mado upon our gold. Especially when our gold is wanted for European res serve, it s sinply taking our inactive gold and employing it as m Why, when there was the grent drain of our gold in 1891, the certificates presented at our subtreasur, of the denominations of £,000 and $10 showing conclusively that’ the money as idle. In the single month of May of that year they took from us §31,000,000 of our gold. That didu't hart us, and if_this present exportation should go on Ul it reache third of our gold reserve it wouldn't hurt, and why should it? The gold might as well bo in Burope staying o thrent- encid 1 the hands of the capitalists of this country “Tean illustrate continued Senator owned bank in Secretary Foster Thinks Business Will Woar the Threatened Storm Easily, DUE TO DEMOCRATIC MACHINATIONS Useless Questions Tntended to ¥ Pablic Apr tors Proctor and Teller Talk of the Situntion— Taylor's Explanation. o WasHINGTON BUneav of Tag Bee H18 FOURTEENTH STREET, Wasmnaros, D C., Dec Politics has been injected into the veins of the financial world and the resulting fever { scems to demand the gold cure. There is an evident disposition on the part of the secee tary of the treasury in the interviews which he is giving to the press, the telegrams which he constantly re- ceiving from New York to sustain confidence. Tt is in reality the democratic effort, initinted by Mr. Dockery and precipitated by Mr Russia, Austria, countries i in his replies to is picion as to the of the United ate lies back of the present ox citement in the stock market. T which the ways and means addressed to Secretary Foster are intended to cover tho first half of this fiseal year, and therofore cannot in th ure of the case receive any atten- tion until after the year. But it is worthy of note that not one of the questions addressed to the secrotary of the treasury an bring out one iota of information which is not already in the possession of con and of the public. The operations of the Treasury department are as opon as the day to any person who wishes to e: The trouble is that the que under Mr. Wilson's resolution refer to the six months ending with December 31, while | the real problem to be met in the affairs of the national treasury is what is going to pen during the next six months of the 1 year ending June 30, 184 Secretary “oster has already been quoted as saying. Hehas not predicted either a surplus or a i be he does not pretend to ble to calenlate what the effect upon the nues will he fi ased import tions on account of ed change the customs duties ome Draing That Are € is well o remember, howe L the next six months thedtre led upon to make the fo ary payments: Interest on £6,500.000; sugar hount Choetaw claim. #3.000.000; New York on house. 10,000 4 total of nearly 0.000,000. 11 addition to this all the appro- ations for def os and all private ssed at this ses: within the next s condition , which inquiries committee has ek 1o present situation," lor, “by this: 1f yon Chicago and another in Cloveland, and there was a great scarcity of money with the one, you would “naturally draw upon the other to help you out.” If Chicago demanded gold you would give her gold. In relioving the Uistross in the one city you would also in a measure help conditions at the other ty. It is so now. In exporting gold to pe we averta panie over there. The mere fact that gold is domanded is natural for gold is the ideal money of Europe. It secms 1o me that if the people of the country at large knew the causes and effects of this thing. the action of bankers in makig a run on call loans or refusing to enter into re- sunt contracts would be ridiculous.” Also the Work of Gamblers, Colonel Abner Taylor of Chicago says that pis no phssibility of a pamc resulting m the recent financial flurrics in New York. Colonel Taylor is not only the second spublican on the house committee on coin- L but he is also personally interested in ancial fluctuations owing to his ey i investments “Ihave dire New York,” said he today, shipments of gold and_depression of indus- trial stocks are the work of gamblers, These gamblors formed a pool before the November cloction and n their oporations after the el ‘hen it was natural to e poct some uncertiainty in the business out- look. I have the names of quite a number of men who are leaders in this gambling trans- cvion narkable fact thata few an bring this country to the verge anic by the investment of §20,000 or $50,000. ‘That small amount of money can influence fully £0,000,000. With $10,000 the gamblers can pay the exchange on §10,000,- 000 in gold_and have that great quantity of gold sent abroad. They can then go to’ the and invest $20,000 as interest on loans, which they do not want. The loan keeps the bank from using the moncey in regular channels. In this way o few thousand dollars can tie up millions. hi: exactly the scheme operated by the amine them ons asked in rtain that g extrd public 3,000,000 ordi that the recent of coig months, It _is of cour: how many millions of dollars the legis will invoive, but it will undoubtedly add seriously to the deain upon the coffers of the government All this is well known to every expert in congress, but the que: of Seeretary Foster do not ny of problems of the futy v pur therefore, s purely poli ; ford no basis ‘for a financial scare. have, however, with the exporis of n made the basis for the reported re banks to discount ¢ stern and southern bauk finuncial ions asked with v | that the sc | the demoeratic | money mar) ave to precipitate a panic. “Their chance of profit laid in the fact that they had purchased industrial stocks short, and when the money flurry sent these stocks down their profits began to pour in." Times Will Be Hard. u foresce a safe and steady busi- 1 ahead?” entirely that. We are not to . but the condition of business time on will b strained. Mor- pitalists will be very cautious their operations. We will have hard Ithouggh not & demoralization of busi- The New York gamblers cannot effect, a permanent financial condition of the coun- for there is an abundance of money shout the country, and this will soon | finances to come back to an easier condition.” brokers, it sness in s is usual at this time of y ) . too, been the cause of much quict some of the congressional ced it times during the past to croate gossip about “a thic the serious closencss of fow days as tened pan the ‘mor Dilizent inquiry was made today by respondent, mong some of the e ncial experts in congress as to the | our by the utterly uscless and mischic OUS UES- s sent to the secretary of the Senatol mont_milli opin s the result more of it work and apprehension sle legislation under the next ad ion thin to the exportsof gold or th on of the tre: There is absolutely nothing i the condition of the treasu the bunks of the country or the prosperity of the people to ' apprehension much less precipitating a panic. 1 be men of and bankers and manu’seturers, i have a natural s at this time, The country has with the Miscellancous, s Mary Bowen, Lulu G and Mus, Lizzie Palmeter of Omaha; Miss Bertha Edginton of Fullerton and Miss ir have been appointed W the South Omaha packing son, Addie Colonel W. S. Parker of Doadwood, S. D, is at the BbDitt, : Lecompte has resigned from tho ship at Ariosa, Wyo., und recom- his suceessor 1idzar Boyce, B, E, today appointed postmaster at Lennox, Lincoln county, S. D. Cuptain Joseph N. Long, of Davenport, In., and hi uhiter are in the city for ¢ to curtail their d wait developments. ' been 50 pros exception of which are based wholly upon and are du majorily g Jast month. I the present conditions were 1o be continued and the people knew it there would 1ot be_ the least disturbance in the s voturned from pend Christmas at the white house with her husband and little daughter. Itis reported that President Harrison is seriously co ni the pr tion to ex= temd the laws s 1o include the fourth cliss postmi of whom ther hout 80,000 or i k] plains the decr in these officer during the pi intor 1t Avthur's se although an as 2 of silver, neiers in of Colorado, who was T avy of the interior, ocate of the free co one of the best poste ud s frequently ofticials, tihe month called upon Seer ury department more than six BROWNING, KIN Largest Manufacturors and Retuilors ot Clothing in tho World, Ask Your Dad What this picture reminds him of. If he don’t know, you can tell him that it is ‘the proper place to “hang up” a suit, either for you or himself. You know and so does he that there is only one place in Omaha to get them, and we are the place. g ; No present will be ap- preciated more and none will give so much for the money as something to wear, be it a boy's or man'’s suit or overcoat, or collars, cuffs, handkerchiefs, neckties, sox, hats or caps. Weare making special Santa Claus prices for the rest of the week that will pay you to investigate. Our beautiful souvenir calendar is given free to any who ask for it. BROWNING, KING & CO., Store open every evening till9. I §. W. Cor, 18th and Dou glfls st Baturday tll 10,