Omaha Daily Bee Newspaper, July 17, 1893, Page 4

1 e ———————— ——— THIL DAILY BEE. F. ROZRWATER, PUBLISHED EVERY MORNING, e - — TERMS OF SUBSCRIPTION. ufly Ttac (without Sunday One Year “nily and Sundny, One Year..... 1x Montha hree M Bunday I aturdny One, Y/ Veckly Bev, Uno Year OFFICES, Omaha, Tho Tee Bullding. Bouth O rnor N and 20th Strosts Council Blufs, 12 root, Chicago OMee. 317 Chiambor of Gommerae. New York, Rooms 18, 14 and 15, Tribane Bwlm £ root. IRPONDENCE. attons relatine to news and Al comm "mattor should be addressed: To tho editorinl Editor. Partics Joaving the eity for ths summer can Biaye the Hirw sent their addross by leaving an order at this offico. THE BEE PUBLISHING COMPANY. SWORN STATEMENT OF CIRCULATION. ¥ of Dozl o, 1. Trhehiick, mpany doos solemn elreulition of ary of THE ER publish- that the actual or the woek cnding Toendi Wednesd h : I TZSCITUCK. nd mubscribed in i 130h day of July, 1898, Frir, Notary Publi e SWORN 10 bt £ Tha Bee in Chileazo. Tre DAty and Suspay Baw Is on sate in Chieago at the following pla Palmer hous Grand Pacific hotels Gore hote Leland hote Files wE BEp can Lo seen at the Ne- Braska building and the Adwminisiration build- xpositinn grounds. Average Cireulation ot i Sy NoO onN¥ fecls alarmed at the increas- ing exports of silver. or THE bill posters of t} et in upon uniform ptuck in paste? TiE dendly sunstroke has reappeared in Chicago. The World's fair city man- ag2s 10 keep in the van in the introduc- tion of all the latest fads, ountry have I convention and agreed rates. Ilas the trust got nation A ¥EW less murders und a decrease in the ruffianly element of ‘Omaha would afford the citizens considerably more peace of mind than they have been en- Jjoying during tho past fe NORTHERN hts have bocome visible attraction there which has not been given over to the coneos: sionaires und for which no price of ad- mission is demanded. CHANCELLOR VON CAPRIVI ‘Xpflcfl to Ve made a prince in return for his suec- coss with tho army bill. The German emperor has an advdntage in this way of rewarding his supporters without cost to himself or to the government. I7 18 reported that Nobrgslpnate -+ ey = con’ :z‘)’}m_tll:&! lurgely 0. ho stock. of. hay R(°1s céing rushed over to Europe to relieve the distress caused by the scarc- ity of fodde The Nebraska farmer is generally awake to his opportunities, THE hardest blow yet given Bank Ex- nminer J. A. Cline comes from his home paper, the Minden (fuzette. The Gazelte msserts that Cline *is as competent to examine banks as the editor of the Omaha World-Ilrrald is to run a news- paper.” THE World's fair inter ball tournament money mal llegiato base has ended. For a ng scheme to which none of the larger universities gave official countenance, the tournament has been making a great deal more noise than its position in the college world would war- rant. THE ian government is anx- fously awaiting an intimation of Presi- dent Cleveland's proposed policy toward its demand for annexation. So are the American people.. Some definite plan of action ought to he outlined to congress before it shall have been many weeks in session, THE program promuleated by the committee for the Grand Army reunion at Grand Island this summer is one that offers many attractions for the veteran. Columbian year has called forth extra efforts from those in charge of all the great annual assemblies and tho coming Nebraska encampment promises to sur- pass those of previous years. OFFICIALS in the Treasury depart- ment say that they are satisfied with the present financial outlook and look for continued improvement. Every sick man will not consult a physician, but that does not detract from the value of an expert’s advi Intelligent business men will derive no littlo encouragement from the confidence exhibited in the "Treasury department, Warress unions in Brooklyn are com- plaining of being deprived of work at the Long Island summer resorts by needy college students who show no hesitancy in cutting rates. They fear to strike lest the collegians take all the places. At present outlook, the only way to scttle the trouble is either for the waiters to enter college or for the college men to join the union. As A vesult of tho recent Nowburgh wreck, which brought death to so many passengers, the coroner's jury has re- turned a verdict holding the negligent switchman responsible and censuring the railway company for not employing competent men in such positions. It is 80 ecasy to censure a great corporation, but votes of censure have not in the past proven to be any very forcible incentive to reform in railway methods and man- agement. The switchman may in this instance be deservedly blamed, but some means of tracing the responsibility to the superior officers, whose duty it is to protect the lives of the traveling publie, ougbt to be devised.. THE IMPROVING OUTLOOK: | The advices from New York during I the closing days of last vk, reporting an sastor condition of the money market and a botter feeling in financial cireles, had & genvrally reassuring effect. Ev | dences of the good influence of the news wers to bo found here, and the effect produced in this city was undoubtedly duplicated in every business centor of the country. Bankers and merchants folt that, while the situation was not wholly cleared of troublesome eondi- promise and that there was substantial ground for the beliaf that the worst had been passed and that there would be steady progross toward a complete re- covery of confidence. The conditions which have contributed to this are the return flow of currenc from the west to New York, the suspen- sion of demands for clearing house cer- tificates, and the purpose of some of the banks to return a part of the certificates which they have taken out, the de- creased demand in New York for re- discounts, the indications that many business men find their own eapital suf- ficlont just now to carry on their business, and the reports of the railways, which almost para- doxically show that during the time of the greatest business distress we have known for years the railway earnings have been proportionately the greatest. All these things go to show that the trouble is largely upon the sur- face, that thore is no organie disease, and that the road to a restoration of financial and business health will be found to have fewer and less serious ob- stacles than has been apprehended. There is still a good deal of currency hoarding, both by banks and individ- Doubtless most of the national banks of the country have a larger amount of currency on hand than they require, while a great many people who withdrew their money. from sav- ings institutions have not returned it. A great many millions of dol- ars are in this way with- held from circulation, which, as confi- dence retarns, will be restored to active use and will greatly aid in promoting recovery. There was some reason to apprehend that the intemperate utter- ances of the free silver mén might have the effect to retard the return of confi- but it now scems that little heed will be given them, either in this coun- try or abroad, the possible danger from them being averted by the fact that they donot represent the more intelligont and conservative sentiment of the people | of the silver states. There are ex- tremists on both sides of the financial questionand the work of judicious states- manship will be to find the safe middle ground-—a task certainly not with- out ditticulties, but one which ought to be possible of accomplishment without creating any new disturbances. With the silver question wisely dis- posed of there is nothing to cause anxiety regarding the future. The prospect is favorable for alarge European demand for our breadstuffs and meat products, from which thers is good reason to be- lieve we shall be able to liquidate the. trade balance that.whes P =~ ias been made AR during the past year and per- haps et back a considerable part of the gold that has been sent abroad. 1f this shall be realized it will bring greatel prosperity to the agricultural interest and when that interest prospers all others do well. Congress will meet three weeks from today and if it act promptly and wisely in dealing with the financial question the period of depres- sion and distrust should be at an end within the next sixty days. DOUGLAS COUN' F ANCES. The statement given to the publie on Saturday by County Clerk Sackett is the first comprehensive account of a year's financial transactions of Douglas county that has ever been compiled. ‘While some omitted facts might be de- sirable, it is on the whole a clear and concise exposition of the county balance she The chief thing to be regretted is that similar reports have not made their appearance years ago. As it is, wo have no previous statements with which to compare this one and it is nearly impossible to learn whether there has been an improvemont or a retrogros- sion in the administration of the county affai Regular annual reports will in the future remedy this defeet. The total assets on July 1, 1802, are cal- culated at $445,143.94, This figure is not significant, however, except as the highest limit which the county income might have reached. It includes items which ean not be realized upon, and so is in a certain degree fictitious, Like- wise with. the sum of $92,52418 given as the net unexpended balance at the close of the fiscal year July 1, 1893, It does not represent cash in the treasury, but rather the cash which would be in the treasury wero all the assets on the books reduced to money without loss. On the side of the county's income, then, the actual revenue isnot shown by the county eclerk; it will probably appear with the report of the county treusurer. But on the side of the year's oxpenditures a more exact knowledge may be gleaned. If we have the total assets at the bogin- ning and at the close of the fiscal year, the remainder secured by subtracting the one from the other will give the sum by which those assets have been dimin- ished during the year. That remainder is $352,010.76. Here again we do not have actual disbursements Besides expenditures for county purposes, this sum includes the cancellation of taxes, the return of money deposited for special purposes, and most probably numerous other items, The great element of confusion in the ords of the county’s finances is the so- called 15 per cent reserve. The board of commissioners is allowed by law to draw warrants up to 85 per cent of the levy, whether collected or not. If more than that ratio eventually comes into the treasury the board may draw against that, but in either case the deficiency between the levy and the collections remaius as an asset upon the clork’s books. We are told that at the tax sale last November the delinguent taxes of all levies previous to 1891 were collected by weans of the sale of the property on which they were imposed. tions, yet the favorable turn was full of | | | | | elerk’s baoks. THE OMAHA This has pr s bably brought the revenue figure nearer that shown on the The great drawback lies in this, that the monoy was not col- money lenders who bought up the titles. The 15 per cent r less picco of machinery levy should bo enti tr sorve is a use- Fach yoar's covered into the asury in that year either by collec- tion or by sale procoedings and the ac- counts of that year closed up. method 6f sffecting this end ought to be devised by our local financiers. the county clerk so much desires, namely, the avoidance of overdrafts and unpaid warrants, might then be reason- ably assured. Somoe STATISTICS THAT EAPLAIN, An advance statement just published by the bureau of statistics of the Treasury department,showing quantities and values of breadstuffs exported from the principal customs districts during the last two fiscal years, supplies a satis- factory explanation, taken in connection with the heavy imports of the large shipments of gold made to Europe the past six months, Itappears from this statement that during the year ending June 30, 1503, there was a decrease in the values of breadstuffs exported, compared with the preceding year, of a round ono hundred millions. There was not only a large falling off in the shipment of corn and wheat last year, but the prices obtained fc these commodities were considerably be- low the prices realized in 1892, The av- erage price received for wheat last year was less than 72 cents per bushel, whi verago received during the year was $1.02 per bushel. We exported last year 16 5 barrels of wheat flour against 14,760,459 during tho preceding year, yet the money return last year was very little in excess of that of 1802, the average price for 1893 being $4. barrel against an average of $4. the shipments made during the preced- ing year. The export of corn fell from 73,770,002 bushels in 1892 to 38,742,808 bushels in 1803, a decrease of nearly 50 per cent, notwithstanding the extr: ordinary cfforts that were made to cre- ate a larger European market for this cereal. The average price received for last ycar’s shipment of corn was less than cents per bushel, while the average for 1802 was over 55 cents per bushel. The value of the exports of grain, flour and meal was for 1892 $288, - 925,000 and for 1893 318 d great falling off, together with largely increased imports, made the balance of trade against this country very large and furnished the chief cause for the export of gold, another, though a minor cause, being the return of American securities, The outlook for a reversal of these conditions. The indications are that nearly all crops will be short in most of the countries of Rurope and that whatever surplus of breadstuffs the United States may have will find a ready. market. It is not unreagonablc . ox. a Jie to ex- pect that OWLERAS of grain and flour 'ior the e suing year will reach the value of the shipments of 1892, and it is quite possible that they may oxceed it. The almost complete failure of the fodder supply in Europe is an interesting factor in the situation. It has necessitated an unusual slaughter of animals and the result can hardly fail to be a great s v of home-grown meats in all European countries, compelling large importations, of which the United States will of course supply’by far the larger part. Our ex- ports of moats to Europe during the next year must certainly be materially increased. There appears to bo but one thing that may prevent a reversal of the trade bal- ance, so necessary to stop tho outtlow of zold, and that is such a revision of the tariff as would lead to a large increase of imports. If the tarifi should be changed to conform to the demands of tne democratic national platform this country might remain adebtor to Europe indeiinitely. It is hardly probable, how- ever, that this will be donc. 59 52 is vIE OF EX-DIRECTOR LE -Director of the United Stat Edward O. Leech has very views respecting the disastrous policy of attempting to maintain a silver cur- veney in this country while the nations of Europe hold to the single gold stand- ard. Ho expressos them unroservedly in an intoresting and exhaustive article in tho North Amevican Review for July. They are especially valuable, not only on account of the writer's familiar knowledgo of the matter he discusses, but as well for the historical referen and statistics with which he fortifies his position. He not only denounces the prosont silver law as a bad one, but ho condemns the law of 1878, which remone- tized silver, tarting out with the unqualified as- sertion that **from the formation of the government our coinage legislation has been out of touch with the rest of the world,” he declares that the first coin- age act of 1793, authorizing the unve- stricted mintago of gold and silver, pro- vided a ratio not in accordance with the two metals. The proportion of one to fifteen gave an undervaluation to gold which prevented it from eiveulating and caused it to bo exported. The act of 1834, supplemented with that of 1837, muking the ratioone tosixteen, reversed the blunder, giving an undervaluation to silver, and thus in turn causing it to be sent abroad. When he says, how- over, that as a consequence, ‘‘from 1834 to 1878 gold constituted our only metallic curvency” there ave s good many people yetliving who know that he is mistaken. Mr. Loech approvos the law of 1873, abolishing the silver dollar, “a prac- tically obsolete coin,” and making gold the sole standard of value. Had not the demonetization of the silver dollar taken “CH. lint, positive necessarily taken place a few years later or else the country would have resumed specio payments in 1879 on a silver basis. since 1878 a serios of compromises with the advocates of free silver coinage, and he might have added that they bLave compromisos ever have proven. The ex-director leaves himself open tected from the persons taxed but from | tax ‘What | DAILY BES DAY, . [ voeate when hd denounces the act of | May 81,1878, which provided that no | more logal tender-notes should be tired, a “bancful agt.” Roviewing thd provisions and opera- tions of the act'of 1878, by which the with full debt paying powan was restored, ho says ince February 1, 1878, when we had no silver currency, up to July 1, 1890, a | period of twelve ' ydars, there had been | injected into thd" circulation of this country by mandatory force of law somo 354,000,000 of silver dollars and their paper representatives.” The actual purchdse of silver under this act aggro- wated 201,202,019 ounces, costing $308,- 190,262, from which there were coined and issued, oither in actual dollars or paper cortificates, 378,166,795 silver dol- lars. dor the compromise law of July 14, 1890, there were purchased up to June 1, I8 152,413,702 ounces of silvel a cost of $143,501,56). So that the total purchase of silver bullion since February 28, 1878, to Juno 1, 1803, aggrogates 443.- 705, 811 ounces, 2 tons, costing $45 Tho total coinage of silver dollars within the same period n - $419,352 leaving in the ¢ uncoined 011,185 oances of fine silver, costing $114,200,757, which could be bought today for $102,846,284, This is the surprising record of silver logislation and operations therounder during the past fifteen years. In the meantime gold has been leaving our shores in alarming quantities with steady persistency. Since May, 1888, to June, 1803, the total sum of these ship- ments was $328,247,884, During the samo period the imports of gold amounted to $114,08 anet loss to the United States of $213,564,849. Mr. Loech severely criticises the ab- surd policy of thus forcing silvor cur- rency into the channels of trade and piling up silver bars in the treasury. And this ut a time, too, when the mints of all Burope were closed to the coinage of silver money, and when these coun trios were making the most strenuous efforts to place themselves on tho gold standard. “If we had not entered upon this silver purchase scheme,” he says, ““the bulk of the silver purchased by our treasury would ¢o beon shipped abroad and paid for in gold.” Yet he belioves the present tinancial crisis might have-been provented by the presi- dent and secretary of the treasury in solling bonds, which he regards them fully authorized todo by the act of July 14, 1800, declaring it to be “‘the estab- lished policy of the United States to maintain the two metals on & parity.” That aeclavation, he says, ‘“‘was intended as an assuranco to all people that our currency would be maintained on a gold basis, and that if atany time there was danger that the two dollars would be of unequal value, it would be the duty of the secrotary to prevent it with the lawful means at his_ disposal.” Such sctian.. i “would _bave-3stored confidence, not -2¥y by sccuring the means to readily maintain gold payments, but as a sub- stantial declaration to the world that the matchless credit of this great gov- ernment would be used for that purpose whenever necessary.” Thoe remedy for the catastrophe that has overtaken us “‘naturally suggests itseli—the absolute repeal of the present silver law."” ro- | coinage of the sttver dollar | A MONTH has e since the Ford theater horror in Washington and the appalling calamity has almost been lost sight of in the distressing cold storage holocaust at Chicago. Yet the grand jury has not been able to determine Who or how many weroe to blame for all this lamentable loss of life. And still old buildings pronounced unsafe are cc- cupied by the government, not cnly in Washington but in other cities. When congress asscmbles one of the first things to whieh that body should ad- dress itself is to some measure for the protection of federal omploges from ox- posure in rookeries and fire traps. Aueh Change. Chicago Inter Ocean, place in 1873, he declares it must have He rightly terms the silver legislation proved as unwise and unsatisfactory as to the eriticism of not being an impartial ad- The indications come from every quarter that people who ‘“wanted a change” have ot more than they asked for. — A Ploless Sarcusy Philad=lphia T mes, Some of the disgruntled faithful complain that if Cleveland had the rheumatism he diaw't gov iv kicking the rascals out. ————— The Grip Loosening. Washington News. It Is oncouraging to note that the abnormal desiro to lock up funds is wearing itself out. ‘Those who persiat in it are having the pleas- ure of seeing others make the money which they themselves might otherwiso muke, ——r A Soediess Suggestion, Ohio State Journal, otary Morton has declared war on the practice of congressmen distributing garden seads to their confiding constituents. If the Nebraska statesman can wipe out that prac- tice he will deserve a pilo higher than the Washington monumentas a recognition of his prowess. . Bubstantial Sympathy. New Yor' Press, The heroism and sad fato of the Chicago firemen who lost their lives in tho burning of the coal storage building at the fair should receive substautial recognition s well as sympathy. It is pleasant’to learn that the contributions for their bereaved families promise to be as y are prompt. g d of Warnlng. Hastings Tribune. ‘This 18 no year for republican newspapirs to howl against those who have not always sanctioned everything done and said by the leaders of the party. The thing to do is to unite, nominate good ‘men. eudorse only ex- collent measures, give all factions a fair (R ance and get back as many as possible of Lh who have gone away after strange god e Unjust and Pernivions Ass Stuart' L er. tem of fixing the value of property in assessments is unjust and per- nicious. Taxshirkers bave too much rope under the present system. It is a matter of 100 much ‘nllmrlnncowbu left to the cap- sloe, poor fudgment and Yl'u]u\.\icnor an as- sessor, and the same is also true of equaliz tion boards. The assessment in this county (this " township not " excopted) is nothing short of & tissuo of unfairness and ac- ments, The present s, New York sun. Come one, como ail! Ho that dallles s a dastard, and_he that doubts is damn Kausas expects overy man to do his duty The ravon and tho kite shall pray upon the caitiff hordes of the plutoerats. Wo griove to say that James Buceohalus Belford, compared with the secretary of state of Kansas, is as & penny whistle to the bass of Niugara. Some frivolous persons have started the story that the secretary is o lunatic. Why, for & populist he seoms sauo, and just impassioned enough. 1 v JULY 17, RAILROADS AND RATES, Norfolk Journal: Railroad men who have been voting for candidates who favored tho intorosts of their employers aro now gotting thelr thanks by being “laid oft” indefinitely in order that the raiironds may spite the people by crippling their passenger sorvice Governor Crouso should call a special session to A freight train basis on making that step necessary and" to do it Lodge Pole Expross: Within a few days now we will know whether the railronds or the Nebraska logislature runs thestato. ‘I'he maximum rate bili is supposed to take effoct very soon, but local agents say they have re- ceived no advices in reeard to it from thoir companies. As the penalty for failure to comply with the law is 10,000 for the first offcnse and 850,000 for the second, most 1 agers will hesitate before doing anything rash, We are inclined to believe the law will be complied with and its weak points so vigorously enforced that poople will soon tire of it and want it ropealed Albion News: The Nows believes that the taliatory spirit said to provail among the roads on account of the Newberry law is Tt would surely be very poor Judgment on their part to increase the en- mity that already exists among the peovle If the rates established ot them demonstrate the fact, and ove tho fairness of the people will all mistakes. The American people are considerably mulish, They can be coaxed and reasoned with to much better advantage than they can be driven by brute force. huyler Horald: No law ever passed in this state has been put to as severo a test & 3 the new freight rate bill which goes into effect on the first of next month. Kver since Nebraska was admitted into the sister- hood of states, her laws have been shaped to please tho railroad corporations, but at lust a law distasteful to them been passed, and they propose to do all in their power to make the law obnoxious to the peo- plo in the hope that they can secure its re- peal when the next legislature meets. They are du arging a large number of their em- ployes, and have taken their suger trains off of their branch lines. They will do everything in their power to deceive the peo- plo, but we hardly think they will succecd. If they carry their fight too far it may ve the effect of arousing public sentiment against them, and a more stringent law may be passed two years h . lines te that aro has the elhid JUSTICE A LA MOSHER. Neligh Advocat nincteenth centur, Crete Vidette: years ! erate hin Genev toset b country. Such is justice fn tho Why not 1lib- ud give him a crown. Journal: What a mockery of justice fore the rising gene tion of this is case is one of the baldest Rapids Commoreial: 1t at the sentence is too light wi mity of the ruscality is considered. Superior Journal: Had he stolen o horse he would have been sent up for ten years. Such a sentence is a travesty on justice. Webster County Argus: Unless thore is me measure of restitution for the de- frauded depositors contemplated, several cogs have slipped in the wheels of justic Central City Nonpareil: One hundred and ninety thousand dollars for three years and eight months is pretty good pay, even though confined within prison walls. Chadron Citizen: Wealth and position should not keep & man out of the peniten- no more should it lot him off with a five'year sentence when his rascality makes him deserving of twenty-five. York Democrat: ‘The sentence of C. Mosher to five years in the penitentiar: without doubt one of the greatest travest on justice that has been perpetrated in ¢! Part ofthe eoumUFyTor Veurs. Norfolk Journal: 1If there is an lesson” about this sentenco, it is 1 educate the peovle up to iynching a few thieving bank presidents rather than look to the courts to administer adequate punish- ment., Beatrice Democrat: ems to us the enor- w. is “objoct iaple to This should convoy a moral to young men. If you steal, steal big. Steal a million. Go on record s a great thief, if you wish to gain the sympathy and consideration of the public and tho courts. Custer County Beacon: If thero is a single feature in Mosher's way of stealing that is more commendable than the methods of the Younger boys, who are serving a life sentence in the Minnesota penitentiary, won't somebody be kind enough to mention 1t? Genoa L Thus again 1s a premium set upon 1 Had 1t been souie poor devil who stole a 10af of bread to keep his family from starving he would have been given the full penalty of the law. 1t doesn't pay W be a rascal unless you can be & big one. Nebraska City News: This is another case where the bigger the rascal tho lights the punishment. Another poor devil at Li coln who stolc only $50 was sentenced for six years, while this man who stole tundreds of thousands of dollars only gets a paltry five yeas. Ashland Gazette: Dividing the amount he has stolen by the leagth of sentence it will appear that the little business enter- prise for which Mr. Mosher is fulfilling an engagement i temporary confinement, has yiclded him an annual income equal, if not exceeding, the salary of tho president of the Unitea State: Columbus Telogram: Mosher is said to crave a jobas bookkeeper for the warden. No doubt with his well estabhished reputa- tion as an expert in this branch he would be a valuable man in the hands of such ofticials as Nebraska has had in times not too re- mote to bo rememberod. 1f granted his choice of jobs he would also go further and ask the privilege of recording his own wai rant of commitment and malko it fivo months instead of five years. et Viving Credit, Portland 1 regonian, Swo things are necessary to revive credit, to remove distrust and to festore confidence throughout the country. The first is to 1ake it clear that the gold standard is to he maintained; the second, that thero is to be little tinkering with the tariff in the direc- tion indicated by the democratic platfor last year. orado Al Kight, Ores and Metals. Colorado will continue to grow and pros- per whether we get froe silver or not, but of course her growth aud prosperity will be greater still if silver is given the place it is entitled to, Our health-giving climate alone would make Colorado a_great and populous stute. The eastorn gold buzs cannot de- monetize our climate nor ston the coming of thousands of health-searchers. We have t fruits, flowers, vegotables, b in the world—and, what 15 move, have the gold, too. Colorado is all right, silver or no silver. - Maxwoll, the Bosses snd the People. Blair Pilot, If it bo true as stated that the republican party bosses in Nebraska are intent on downing Judge Maxwell, that fact alone is the best argument in bis favor and one thut should prompt the mudsils of tho party o make his calling and election sure. ‘The character and associations of the combina tion said to be ferninst him should set th people pretty hurd in_ his favor—and it evi- dently does.” The rank and file of the pary, Will' Dest stop tho leaks in tho old ship b ascending the platform, kicking the bosics down stairs sud nominating a man who has nerye eaough not to be owned by anybody. And if romiuated Maxwell will be elected, but this is not likely to be true of a candidate chosen by tho ring method e The Sherman Law Responsible, Hartford Tines, Why this lack of confidence, which baukers to reduce their accommodations, and the werchants o refuse ordinary credits ! Why is it claimed that tnhe silver act is respousible for this want of confidence? Simply for the reason that foreign investors in An hat they had purchased bonds payable in “coin,” aud the United States government had thousands of tons of silver in its vaulls and was buying forty -nine tons & month as directed by the silver law, and that the bonds would bo paid in sil oin. Their ‘“‘confidence” in the bonds was weakened, aud they sent th bonds back t this country and sold them a the stock boards, depositing the avails in the banks, and s0on after checking and de- manding gold, which they sent to Europe. of the legislature to reduce passcuger fares | DEBT OF THE PACIFIC ROADS Judge Melville Brown Won.d Have the Gov- ernment Cancel Its Olaim, TO WIPE OUT HOW THE DEBT He Argues that Canoellation Would # duoe the Rates of Transportation and Suggesis that the Government Fix Maximam Ratos. Judee Melville C. Brown has writton a letter to the Laramio Republican on the subject of the mortgage debt of the Pacifle railroads. He says: The mortgage dobt of the Pacific r: matures within the next threo years. Tho condition of the Union and other Pacific roads, their debt to the general government, and the manner of dealing therewith present questions of the highest importance to the people of the traus missouri country. Mr. Rosewater of Tie OvMaua_ BE article published in the New York Herald some two months since, “‘that congross lot the r under the first mortgage, and tako the 1008 of recovering the money advanced by the governmgnt.” This is a somewhat radical solutich of the question, but is worthy of consideration [t §s bolieved that the error in Mr. Rose- water's suggestion oxists in the idea con- veyod that by such a course tho general government may socure_the repayment of somo portion of its debt. Nosuch hopo should be entertained. Investigation will brobably disclose the fact that a new road can be con- structed and equipped, in & manner in ail respects equal to the high standard of tho Union Pacific, for a sum somewhat less than the first mortgage debt of that road. If this is true, it would seem futilo to cherish the hope that any sum whatsoever could be saved to the government on foreclosure pro- ceedings by the first mortgagees. ilronds in_an Sunday Deelslve Actlon Must 13e Had Soon. The first mortgago dobt of the Union Pa- cific is said to bo &33,000,000 and if this matures in less than three years, it is ovident. that congr take decisive action within that period. The tinkering moth- ods of past cougresses, and tho failure to reach results, clearly indicates that the financial problem involved is difcult of so- lution. Thesimple fact is. it has no solution. on the theory of saving anything to the wov: ernment. The govornment must loso its in- vestment. It must let go its hold upon the road, and donate its claim of indebtedness as a free gift. This should be done iu the interest of the people. If the government could savo a portion of its claim against the road by means of a first mortgage foreclosuro, it should not be done. Syery dollar of added, burden placed upon this road is an added burden upon the people and thorefore should not be made the scape- oat of others' errors. Would fteliove the People ‘The construction of this road was largaly a war measurs. The road was concelved bofore, but its construction grew out of the war. Lot congress add thesa millions to the others constituting the war debt, and rolieve the struggling people of tho new west of this enormous burden. The theory of congrese when providing for Pacific roads was to benefit the through which the road shou t theory be now carried into e nent donat. porations anc thus reliova tho settlors of this count Congress ston'd take hold of this ques tion in nd sottle it at the earliost possible day by donating the povernmen! claimcf indebtedness to the roads and at the same time fix such maximum rates of transportation as will relieve the prople of the danger of extortionate charg do away with thioving side companics —conl eombines and the liko—and make these roads legitimate common car. ricrs that shall serve tho peoplo and teave no chanco for diroctors or othors in au- thority to indulge in side schomes under the pretense of beneliting the road, but in fact only to awell the proportions of already plo- thoric pocketbooks by robbing the people. Do away with government directors and save theso large salarios to the treasury that now bring no good oxcept to the follows who reccive them Lot Brother Rosowater, with his powerful paper and great influence, go to work on this line, and lot all other papers in the trans. missouri country desiring the highest good to the people join with him_in this bohalf, and results may be accomplished that will bring a higher degree of prosperity to tho people than eforts in any other divection, 1f congress can be made to sce that the mortgage debt of this railroad company is a mortigage upon the cnergy and enterprise of our people, it may be unded to forgive the debt of the 1 company and theroby reliove us. this is u desira ble result. PARAGRAPRIC COMETS, Elmira Gazetto: The suuey early morning fly may insultus with fmpunity now, but wo to take him down when the huekleborry 01 Opens. Tndlanapolis 1 saw A snako se the tield this afternoon. you never had any sig ra—Wal, 1 don lodge s T thought you told kos. 1" boon & member of tho for nigh twenty years. Rochester Demoerat: “Isn't sada lttle Tommy to his mother, 1st 2th should me 4the it strange “thata baby's shington Star: Some day we'll be =0 st that it will come to pass that men will peddle berries in boxes made of glass. Bufaly Courlor: Aneln 't st very long. people o ¢ torboy's contrari- here are too many, 1D down if he keeps it up. Miss Prim Iy who had wrd Roston Transerint: 1s of the | that no ln any claim o undressed Tood as n inhabiting the country through which the road runs. 1t must be plain to every person, that increased burdens upon tho carri ns increased rates of transportation. The peole settled along the line of the road | are its patrons, and must pay these high | The debt of the government or any if paid, must in the end u settlers of this trans- If the wovornment exacts \ from the road, it is exact- ouri country. its pound of fic ing 1t from us. Resnlt of Extravagant Notions, Tt is helieved that the claim of the govern- ment_agamst the road on the second mort- gage bonds 18 the result of extravagance. In the ear! when the idea of construct- ing a railroad across the Great American desert was first suggested to the minds of men, 1o tho eonserva , it was a Munchau- sen scheme of stapendous proportions. The estimated cost ction made by tho early explorers was extravavant in propor- tion to what seemed to them the gigantic character of the enterprise. Hence tho i the goneral government for its construction. The mortgage bonds guaranteed by government are belicved to have prod sum of money if not quite, equa the actual cost of the constr i e ment of the Union and Cent that the construction companies under various names made as a clear profit from tho construction of the road a sum nearly, if not quite, equal to tho first mortgage indebtedn. We all know that ummense fortunes were made by these construction companics and some of us haye not forgotten the disgraceful con- gressional scencs growing out of pretended investigatious. The great fortunes amassed by the constructors of these roads is not re ferred to to show fraud on the part of anyone, but to indicate simply the liberal and ex: travagant provision mado by congress for construction purposes. However honest and patriotic our congress in making such liberal provision, subscquent experience show have been o mis and that the prosen claim of the government is the result of this error and_that the extravagant provision made by the government for these roads was entirely unnecessary, This error of extrs orror, was the fault of the 2 1 a wholo, and if the error results in loss it should be borne by the people of the nution as a whole, Clearly the loss should not bo mulched from the people of the trans- missouri country in the form of extravagant of transportation in order that the 1y portion of the gov- in no sense re- Ation the it itsbe an ernment " claim, ! sponsible for these mis Thore fs Joblotz, the o play, A “ent Pawn T thought Mugging 1ho “Hieavens, no! Muggins only wrote the words. Joblotz arpen- “Do_you call this . pleco A e indignant customor wreastically 1o the waiter, pointing to a very ull slnb 1 on his "plate. rtainly, you wouldu't have me eall It a ‘wholo warer: molon, would you, sir?* ‘said the waltor Chicngo Record of watermelon ho matlability ot ashoet of foll, it Iysaid, us the slico of ham in & TOOK HIM AT HIX WORD. Raymond’s Monthli, *a 1001 and his m etod soon," Was the ministe oD text, ched foran hour that hot forenoon, e colleetion next, o telling his wo ibly the the cona And nobody By Eugene Fiell, [Read by the anthor at (he Literary Con ress, in Chicago, Children's Day.| On afternoons, when buby boy has had a splen- il uny monarch on his throne, in "Such Wise my handkerehiof T hold be- ey fuce, And cautionsly wid quietly Tmove about the bl Thou! with a crv, T suddenly cxpose my faco to view And you shc Tsay 1d hear him laugh and crow when ! Sometimes that rascal tries to make believo L i s . when 11 st ‘d nnd s i And then his under lip came out and further out it came, nd the nurs> uel shame™— 3ut now what does that sume wee toddling, lisping baby d But luugh and kick his little hecls when I say “Booh!" And, re he stared and agreed it was a and kicks his little heets in 1 then ¢ treblo bids me “Doit all Ie laug) ous In shrill aden And T—ot Tt ds such pretiy, pleasant play s t for! And it is, oh, such fun!and T am suro that 1 aptur- rso T do it for, as his progenitor, at L am « both 100 old to vlay the BROWNING, K| NG Largest Manufacturers and Rotallers ol Clothing In Chopping Dow We're knoeking out the suits now. k) on and $20 All styles, colors and grades. Some other suits marked down as low $3.50 for $1.50. summer goods Those $2.50 boys' suils go now the World. n-_< Just read we'll save you money. Summer Suits $13.50. as $5.00. Boys' Wash Suits $2.00. We're gelting out all boys' with a rush, Men's and Boys' Straw Hats Half Price. And summer coats a nd vests—the prices are so low we're afraid to print them. All the ladies’ waists we have left goat 50¢c and $1.00. You will find they BROWNING, 15, Btore open every evening tll .50, Saturday ull 10, are bargains. KING & CO., W. Cor. 161 and Douglas Sts,