Omaha Daily Bee Newspaper, July 29, 1893, Page 4

1 THE DAILY BEE. E. ROSEWATER, B 1tor, = RY MORNING. PUBLISHED - = TERMS OF 8URSCRIPTION, Datly Bes (without Sunday) One Year.. § 8 00 Diily and Sandny, One Year 10 00 Bix Montha, 5 00 2 50 2 00 150 100 Three Months, Fundny Too, One Buturday Bes, One Waookly Bee, One Yonr OFF1U The Ttee Bullding. Qo hl corner N and 26th Streats. South Om Coune Ts, 12 Penrl Street Chicago Office, hamber of Commerce Ko Fork, 8, 14 and 15, Tribune Buliding, Washington, 513 Fourteenth Street. CORRESPONDENCE. All communications editorlal matter should e addressca: Editor. to news and To the HUSINRSS T i AlL business lettors and remittances shonld o nddressed to The Bee Publishing Company Omaha. Drafts, cheeks and postofficn ¢ 10 be made payablo to the order of th any. P ttles lenving the ety tor the summer can have Th: Bk sont to thelr addross by leaving an order at this office. 9 THE BEE PUBLISHING TERS. COMPANY. fon of Tik DA | 140, was an Friday. Ju Saturday, J\ to bofore 1 Ui 241 5 FEL. Notary Publi he Bses in © Tre DATLY and SUSDAY BEE 18 on sale in Chicago at the following p mer house, Grand Pacific hotel, ditorium hotel. t Northern hotel. Goro hotol, and lotel. of Tue Bee can b s butlding and tho Ad: t on at the Ne- nistration build- EVER affairs become too dull at rld’s faiv the board of lady managers rushes forward with its bickevings to supply a diversion. TaE formal decision in the Sunday opening case comes just in time to be relogated to the shelf. As a legal precedent its usefulness will be ex- tremely cireumseribed WHEN call loans are made in Wall street at the rate of over 50 per cent in- torest per annum the farmers in this vicinity may rub their hands at the sight of speculators bleeding speculators: 7 WILL bo strango if all this learning upon topics of educational methods now heing disclosed at the World’s fair con- gress fails to result in numerous im- provements to our public and private school systems. THE vice president is cutting a bigger swath in British Columbia than he can ever hope for in his own country. How queer that the further a man finds him- self from home the more doference the people pay him. THE finding of the court martial, lay- ing the blame for the sinking of the Victoria upon Admiral Tryon, deprives of all foundation the story that that fatality was tho result of, a. deep-laid Irish plot. Ireland’s redemption lies in placating the British government and not in its ruin. THE shrinkage in the ets of tailed banks noticeable in every receiver's re port shows to what extent speculati values had been put upon securities that now turn out to be practicaliy worthless. As a rulo it has been the loosely managed banks that have suc- cumbed to financial pressure, whether state or national bunk: THE resignation of a senator of a difference of opinion concerning federal appoint- ments would not be anything very novel in this country. But a man will think ice before he gives up a cortainty of 5,000 & year under present circum- stances, even if he does hail from the silver state of Wyoming. Jnited States because 1 THE buwp of is more generosity largely doveloped in our own Buffalo Bill than in the entire World's fair entertainment of the 0 in the face of the re- fusal of the exposition management to give them freo admission to the ‘White City will give his name an ever- lasting memory among the outcast population of Chicago. A NEw YOrRK court has issued an ovder restraining a Brooklyn street rail- way corporation from exercising a fran- chise which it engineered through the council as a free gift to itself when a premium of $30,000 had been offered the city for the privilege. If courts every- where would frown upon such gross be- trayal of the public intercsts, unserupu- lous city legislators might be discour- aged in the efforts to promote the jobs and one-sided contracts by which the . people are oppressed SPECULATION upon the status of the silver question, should the Sherman silver purchase law be unconditionally repealed, is o triflo prematuve and alto- gother unnecessary, The silver purs chase law will not be repealed without a distinct understanding as to the position of existing silver dollars in that ovent, To restore the Bland act is desired by neither party to the contest BorH Dun and Bradstreet find much fn their weekly reviews of trade on which to congratulate the business world, While neither attempts to gloss over or disguise any of the unpleas- ant features of the trade depres- sion, they point out the reasons Yor believing that the near future holds better things in store. Comp- troller Eckels makes a statement con- cerning western banks that should aid w restoring confidence. The clearing house table furnished by Bradstreel's shows how general the contraction is and how deeply trade has been affected, but it is an index of the pastin this respect, and in no way counteracts the hopeful tone of the trade reviews. ASSISTED INTERSTATE MIGRATION. What at first was regarded as merely a remarkable phenomenon, namely, the outflow of unemployed Colorado miners in search of better fields for securing work, is fast becoming a serions prob- lem. When hordes of hungry but well- intentioned laborers hastened to leave the scena of their misfortune the first impulse of those to whom they applied for assistance was to grant them every aid that was possible under the circum- atances. The railroads relaxed their stringont rulos regarding the transpor- tation of tramps and overlooked the acts of mild violence by which parties of so-called tourists made themselves masters of empty cars and idle engines. Viewing the movement as temporary and likely to last but & few days, they manifested a disposition to render the service re- quested and went so far as to order un- used cars to be attached to their trains expressly for the accommodation of the destitute miners. The inhabitants of the towns through which thoy passed gonerously supplied them with food and drink and, in some instances, went so far as to furnish the tourists lunches to be carried with them on their journey. The continuance of the exodus from Colorado and the mining regions has given a changed aspect to what was originally thought to b due toa tem- porary dopression, First from Iowa came the reports that the people were regarding theadvent of the employment- secking unfortunates with open disfavor and that instead of giving them food they threatened them, should they venture to disembark from the cars upon which they were being trans- ported. Next it was announced that Kansas City was being overrun by these impoverished laborers, who were flock- ing by the hundreds into that city with- out protest from the railway-companies who had heen compelled to carry them free of charge. They went in a body to the central polico station to ask for a night's lodging and free transportation east, only to be told to “move on,” be- cause the city authorities could do noth- ing for them. That city, it was said, was amply burdencd with the éave of its own poor during these troublesome times and would insist that the immi- grants leave tho city by the same means as they had come in before the lapse of twenty-four hours On Weanesday it waslearned that the committee of Denver citizens who had been appointed to devise means of caring for the destitute in that city had come o an agreoment with the railvoads to make special torms tor transporting the unemployed to theiv friends in the cast. This arrangement is understood to be the grant of a uniform #5 vate to all points west of Chicago, and that all laborers who are umable to pay this small amount will seccure assistance from the public authoritics. This means that the tonrist exodus is to be made permancnt at least for the present, until all those who have lost positions in the mines are set adrift in the east cither to hecome burdens upon the com- munities or to fall upon the charity of their friends. It means that communities = which are trying to do their duty to the unemployed within their own limits are to be handicapped by the assisted migration of those whose misfortunes are owing entirely to the exigoncies of other locali The serious nature of the problem then lies in this: That these defenseless men are to be buffeted about from one town to the other, seeking work which is not to be found, being tempted to law- less acts by the coldness of their recep- tion, until, if this treatment is long enougl continued, they become con- firmed in the profession of tramps. The United States has long protested against the assisted emigration of paupers from foreign lands, and it has finally adopted cre measures to put a stop to the practice. But interstate migration is and always has been untrammeled. One community sends its paupers to another only to have them returned in the same manner, and the recurring ex- vense of “‘moving them on” falls upon the hard working laborers who pay the tax The Colorado miners have a choice betwetn starving in Colorado and leaving that state. If they consent to leave the Denver committee will fur- nish the necessary funds. Most of them prefor to leave. Where thoy go they donot care. To refuse them admission to another commiunity seems like bar- barism; to admit them promises to in- crease the burdens of the local poor rate. The Denver committee'thinksit cheaper to sond them east at 35 a head than to give them outdoor relief to which no end is in sight. he problem is before us and needs immediate attention. s¢ FINANCIAL EXPEDIENTS. A great number of expedients have been suggested from time to time for volieving the financial stress, very few of which have posspssed any practical value. The latest one announced may have some merit, and at any rate it wiil prove interesting to financiers., This is a proposition that the associated clear- ing house banks of New York barrow #10,000,000 in London and $10,000,000 in Paris, and that this loan be placed to the credit of the United States govern- ment in such depositories as the Treas- ury department may suzgest in thoso dities. It is to be scipulated that the money is to be left in London and Paris on deposit until repaid, or if with- drawn, shall only bs withdrawn to meet actual necessities of the United States government. 1t is urged in behalf of this proposi- tion that its chief benefit would be that it would enable the United States treas- ury at once to release an equivalent wmount of gold or currency, whic would put the banks in such a position of financial strength that they would be able to give all the assistance needed to the commercial community. The prac- tical effect would be that the govern- ment, instead of having all its balances locked up in its own vaults, would have $20,000,000 on deposit in London and FParis, while the New York banks would have the immediate use of , 000,000 taken from the treasury vaults there, which would go at once into general cir- culation. It issaid that the plan has the approval of 80 eminent a financier as Mr. Pierpont Morgan, who is known to have suggested to both the last and THE OMAHA DATLY the present administrations that the government might borrow & large amount of gold in Burope, with the un: derstanding that it was to be kept there a9 a special deposit, thereby strongth- ening the gold reserve of the treasury without affecting international ex- changes at all. O Admitting the feasibility of a plan of this kind, so far as the matter of ob- taining the proposed loans is concerned, the question is whether the Treasury department could enter into a negotia- tion of this kind and whether there is any authority for the government plac- ing 80 large a sum of money as $20,000,~ 000 on deposit in Buropean citios. There is no precedent for such an arrangement, and as 5o radicala departure from the practice of the government would not be made without the authority of congress it is at least to be said of this expedient that as a means of relief it is not very promising. It is not at all likely that it could receive the approval of congress. REPORT FROM BLOUNT COMING, Tt is stated that Minister Blount has forwarded his veport on Hawaiian affairs to Washington, and if not already in the hands of the secrotary of state it may be expected to arrive at any time. Whether the American people will be made acquainted with its contents as 8oon as it is received is a question, and even its arrival may not be divulged at once. The correspondent of the New York Tribune at Honolulu says it is a voluminous document, and this is easily bolieved when one considers the time the minister has taken in preparing it. The correspondent states that it was hoped at Honolulu, doubtless by the members and supporters of the provis- ional government, that the administra- tion at Washington would be able to act upon the report before the mecting of the special session of congress. This hope will undoubtedly be disappointed, for in the first place the president has too much to think about at present to permit him to devote any time to the Hawailan quostion, and in any event it is not probable that he would take any further action without submitting the wholo matter to congress. According to an organ of the provis- ional government Minister Blount has shown sympathy and friendliness to the government and it is claimed that the dominant party—that is, the party of annexation—is stronger in a political and financial way than at any provious time for six months, Of course any statements from this source are to be taken with a liberal measure of allow- ance, but thero is reason to believe that the annexationists are not losing ground oven if thoy are not making any advance. They are still hoveful thut the United States will annex the islands, but it is said that in the event of this country rejecting annexation the provisional government intends to adopt more stringent meas- ures. The first step in such a case will be to warn the ex-queen that she must leave tho islands, the provisional leaders declaving that they can carry on the gov- crnment without foreign aid, but they cannot do this if the ex-queen remains and furnishes a headquarters for plot- ting and intrigue. An effort toexpel the depused qneen would doubtless bring on a collision between the parties, the result of which might settle for an in- definite time the Hawaiian question. There has beeu some further talk about an appeal to Great Britain in case the United States rejects the offer of annexa- tion, but this will hardly be done, for the reason that Great Britain would not entertain such an appeal. The report of Minister Blount will be awaited with a great deal of interest. THE CANADIAN, RAILROADS. The campaign against the bonding privilege allowed by the government of the United States to the Canadian rail- roads, under which the alien corporations gocure a very large amount of traftic that would otherwise come to American ds, is being vigorously renewed. A correspondent of an eastern paper, who shows thorough familiarity with the subject, presents some cogent arguments against permitting the Canadian roads to compete with American lines under conditions which give the former a great advantage. He says we have em- barrassed our transcontinental lines by legislation and the Interstate Com- merce commission and then per- mit the railways of Canada to prey freely upon American traffic. While not permitting Canadian vessols to earry cargoes botwoen our lake ports we allow Canadian railways to transport merchan- dise between such ports. *The action of our government,” says this writer, ‘“‘enables the Canadian Pacific railway to pay annual cash dividends and pre- vents our own transcontinental lines from doing so. The policy of the gov- ernment of the United States maintains the stock of the Canadian Pacific rail- way at T4, even in these times of severe depression, and depresses the stock of our own railways and destroys their dividend paying power, Our governmental policy warns capital not to invest in American continental railways, but rather in American lines.” The same writer further says: “It is in the best and highest interest of the producers and consumers of the United States that our own railways should be maintained in a high state of efficioncy, in such a finan- cial condition that they can take ad- vantage promptly of every opportunity, invention and suggestion which will lossen the cost of operating their lines. In this way the freight charges can be and will be comstantly reduced. We should not permit Canadian lines to in- creuse the cost of carrying freight upon our own lines by diverting traflic from them.” These quotations indicate the line of argument that will be used before the Fifty-third congress to induce it to take some action to at least lessen the advan- tages which the foreign corporations undoubtedly now enjoy. It cannot be said that the arguments are altogether new and whether they will make a greater impression upon the coming congress than they did upon the last two 15 entirely problematical. The senate at its last session directed the interstate commerce committee to make an inves tigation of this whole subject, but the calling of an early extra session prob- ably prevented this being done. An BEE: SATURDAY, investigation was made, howaver, some three yesrs' ago, to which another one prbbgbly would add nothing material.. That Investigation disclosed the fact that the business in- torests of New England and the north- wost are almost wnamimous in the opin- ion that the welfare of the peovle of those sections would2be best subserved by allowing the Canadian railroads un- rostricted competitiof with American lines. The idea that if all the American traffic now taken by the foreign corpora- tions were turned over to our own trans- continental lines thete would be a con- stant reduction of freight charges will not find general acbeptance in the northwest, where the oconvioction is firmly imbedded in the popular mind that this Canadian competi- tion has been instrumental in sav- ing the producers many millions of dollars in the form of freight charges. The same sontiment prevails in New England, a distinguished senator from that seetion having not very long ago said that the suppression of Canadian railway competition would result in great injury to Now England interests. Thero is no reason to believe that the feeling which was so clearly expressod about three years ago to the senate com- mittee on interstate commerce has since undergone any great change or modifi- cation, and it is not to be doubted that the influence of New England and the northwest will be exerted as strongly as ever against any logislation inimical to Canadian competition. It is highly probable, also, that it will be effective. FEAR lest the increased valuation put upon the Kansas railvoads by the county assessors this year should ‘‘bankrupt” the companies seems to have sent a cold shudder through the frame of the New York Tribune. That paper is oqually anxious to know ‘‘what the counties of Kansas will do without the revenue which the railway companies-have been accustomed to pay for the support of their local governments” in case the rail- ways fight the assessments in the courts. If the railway situation with regard to taxation in Kansas is at all similar to that in Nebraska, the immediate danger of bankrupting the roads is rather re- mote. And if the counties of Kansas have had asdifficult a task in collecting the taxes levied upon railroads in their jurisdiction as have counties in this vicinity, they will not have much trouble in worrying along for a short time with- out the munificent contributions of the railways to the support of their local governments. OVER $40,000 has been collected in aid of the cyclone sufferers” at Pomeroy and still furthersubsoriptions are requested. The people ean be expected to give ro- lief whenever actual - distress is occa- sioned by any calamity, but the victims ought not to expect to be placed by charity in a position efual to or better than that in which they were previously situated. If overy loss isto be made good by the subscription fund the effects of the lone will ultimately be felt by all except those who were its immediate sufferers. GoLD mining has received a vonder- ful impetus within the past fow weeks in California. New deposits are con- stantly being opened in Colorado and in the Black Hills region. The world’s de- mand for the yellow metal has had g stimulating effect upon the miners and the increased output will be one of the factors of returning prosperity. THE Donnybrook session of England’s Parliament last Thursday evening has no equal 1n the congressional annals of the United States. It was a disgrace from which England will nov soon re- cover, and it only serves to emphasizo the bitterness which attends the pro- gress of the home rule bill through the House of Commons. OMAHA and southeast Nebraska may yet feel the influence of the energy of Jim Hill, the St. Paul railway magnate. He has announced his intention of eross- ing the Missouri river at Yankton and building his road system into Nebraska, all within the coming year. IN sPITE of the somewhat disturbing outlook thereate many indications that the country is rapidly approaching the time when depositors will regain their confidence in the banks and the banks will open their vaults to the demands of legitimate borrowers. OCCUPANTS of positions in the land offices in Nebraska may now broath ocasier. Nothing but offensive partisan- ship or other adequate cause will be con- sidereda as justifying removal before their terms of office expire. ka's Nost Egg. hica 1o Inter Ocean. Nebraska will not put up her shutters just yet. She estimates hor growing corn crop at $50,000,000. e Suspended Banks Resuming, Globe-Democrat. Twelve national banks which suspended in the past mouth or two have reopened their doors, and many others are preparing to take this step. A little later on in the sea- son undoubtedly the resumption will ex- ceed the suspension, —_— Murderous iold Bogs. New York Commercial. . A drunken saloon keeper of Salt Lako City recently committed sujcida because his cred- itors were too hot on. his trail, and the Tribune of that city heads up the occurence with the words, **Gold Bugs Score Another Vieti That's about the most amusing thing in the play of céurrent eveuts since Governor Pennoyer of Oregon essayeda so successfully the part of a donkey without mask, disguise or any artiticial intervention whatever. — - Educat:on ana Calisthenlcs. New Yorls xiuu. The holding of the tutiérs tournament at Milwaukee has been' made the occasion of an Interesting exhibition by boys of the pub- lic schools there. Theso boys were put through culisthunic exercises to the accom- paniment of au orchestra in the presence of the organized bodies of turners, who had been brought from all parts of the couutry to Milwaukee. The young Americans gave an account of themselyes which pleased the veterans who had previously been booked for the 512 movements with heavy wands, and must have sustained their faith in the perpetuation of turnerism. Mauy of the turners unions in this country maiutain o 1sthenic classes for youngsters, and we are iaformed that there are now over 80,000 boys and girls in these classes. By providing this opportunity (nrrhyulw education the turners render good service Lo the com- wunty, JULY 29, 189 OTAER L. NDS THAN OURS. are many times those of France. British trade with that kingdom last yoar *was $12,500,000, while French trade was only $40,000. British suojocts In Siam number 18,500, where thors are only 250 Fronchmen British subjects also have property rights in Siam, among them valuablo mining con cessions along the Mekong river, in the territory of which France is now trying to get possession. These rights will be pro- tected and itis likely that France would concedo and confirm them rather than provoke Great Britain. The diplomatic relations of England to Siam are such us to make a sufficient ground for & protest against any forcible absorption of its terri- tory by a rival power. Siam is not a buffer state between French and English dependencies, but English influence has been strong at its capital. The upper portion of the territory coveted by France encroaches upon the Shan states which have always been somewhat of & dependency of Burmah, and so regardod as within the English sphero of in fluenco. Furthersouth the French demands include the province of Luang Prabang, which was ceded to Stam by Burmah upon condition that it should never be trans- forrod to another power. Here is a sounl enough pretext for English interference, if ono was needed. If Siam. should be com- pelled to surrender this province to France, Ingland coutd claim it as Burmeso by vight of the failure of Siam to fulfill the condi- tions under which it received this province. There is nolack of pretexts for English in- terferenoe if such interforenco is desivable, and it may bo to make an oceasion for th settlement of other differences botweon Great Britain and France. There are soveral open matters which are sourves of friction between these powers which are likely to reach an acute stage atany time. There is the Newfoundland fishorles dispute. Egypt and Madagasear, all sore spots, which are slow in healing. This Siamese affair gives England an opportunity to exert a little pressure to bring some of these to a settloment; it remains to be soen if she will exert it. wu In speculating upon such a contingency as an alliance of the empire of Russia and the republic of France in a conflict with KEngland for dominion in Asia it is not unreasonable to believe that it would be difficult for Eng- land to maintain her position m that region if tho fight wero confined to the throo powers. But the conflict would not be limited to the origmal combatants; nor would Asia circumseribo the arena of the contention. When England and France had their last hostile encounter in the east, Furope was in a blaze of war to which the difficulty n the Carnatic and 1n Bengal was merely an invident. Thesmolke of battle ex- tended from the Rhino to the Vistula. Fred- orick the Great, of Prussia, was in alliance wish tho English, fighting both France and Russia; and it may be bolieved that should such a thing ocour as & French and Russiun combination against Engiand in a contest for Asiatic predominance, Germany, which is now a greater Prussia, and ruled by asuc- cessor of the mighty Frritz, would bo a fac- tor in the tremendous problem of such a con- flict necessarily drawn to the side of En- land by her antagonism to Franoe. Tho fear of so terrible a complication will operate more effectually than any othier restraint in proventing the great European powers from being drawn into hostilities by the Siamese difmeulty. « An additional terror is added to those which are inseparablo from such failure of harvosts as afflicts a large part of the conti- nent of Kurope by the arbitrary dercees of tho government restricting the grain trafic. Famine is bad enough without _being aggra- vated by the frustration of al! commercial calculations through the sudden interference of despotism. In France the course that commended itself was the suspension of duties upon imports of fodder, while in Ger- many, as recently in Russia, it was thought wise to prohibit its exportation. This course has been adopted in Austro-Hungary. It does not appear that the fodder crops of Hungary are deficient, and it is ouly in asmall part of Austria that great dearth exists. But the buying of hay for Swiss and English account caused large exports of that commodity to take place from Austria, and tho protectionist spirit was at once aroused. lvidently, the farmers were recklessly sell- ing their hay, tempted by very high prices, and if they were notstopped they would presently find themselvos with nothing to foed thoir cattle. Such mprovidence callcd for the interference of & paternal govern- ment, and the farmers will now have to face famino without the money which the sale of their surplus products should have brought in. e The correspondent of the London Times at Sofia reports an encouraging indication of the substantial progress that free govern- ment is making in Bulgaria. A stringont press law has hitherto prevented tho ap- pearance of journals hostile to the govern- mont, a law which the unprincipled and in- cessant activity of the pan-Slavic agents and the murderous plots of Russinn emissuries may have justified. Apparently the Bulga- rian government is mow so firmly estab- lisned as to feel that it can regard all these machinations with serenity, for it has per- mitted a new journal, styled the Svobodno Slovo, or “Free Speech,” to make its appearance, in spite of its published in- tention of subjecting the government to unsparing criticism and of drawing atten- tion to all acts and practices which are contrary to the constitution. The new Jjournal, however, is not a revolutionary sheet, but declares its loyalty to Prince Ferdinand and professes to have mosym- pathy with anti-dynastic movements. Nothing could be more gratifying to lovers of libervy and beliovers in solf-government than this evidence that Bulgaria is passing out of the stage when all its development was regulated by fear of Russia, into tho normal state of a peaceful country whose attention is devoted to its own internal affairs. It is hardly necessary to say that respousible government is 1mpossible with- outan opposition, and it is greatly to be hoped that the appearance of this journal marks the establishment of genuine political life in Bulgaria, ) The recont demonstration of the laboring classes in Vienna was remarkable from the fact that for the first time the authoritics permitted the different socioties to march through the strects with banners and em- bloms. A further notable feature of tho pro- ceodings was that the police along the route hud been instructed to offer no opposition to cheors for the franchise. The result amply proved the wisdom of this liberal policy. Tho meeting assumed unexpectedly large proportions, thero being, according to an authentic estimate, about 80,000 persous present, the great majority of whom were obliged w remain outside the rathhaus. In the vast court yard of the building no fowor than 6,000 assembled, while in an adjoining part of tho building there was @ socond moeting of about 4,000 The first included & considerable group of Czechs, who delivered spooches in their own language. Some of them sharply criti- cised the government and Parliament The commissary of polico on duty had, however, boen instructed to tolerate erfect freedom of speech. The well known soclalist leader, Dr. Adler, was oae of the principal orators, Commercially, Dritish interests in Siam ] and he olosed his harogue by calling for heers for international social democracy, after having moved a resolution in favor of universal suffrage. When the proceedings oame to an ond, the demonstrating workmen tisporsed In good order singing the “Song of Labor." The ontire Vienna garrison had been confined to quarters in roadiness for an omergency, but thore was not & singlo instance in which even the fotervention of the police was required. ———— RESTORING CONFIDENCE, Globe-Domocrat: Repeal-—-simple, direct, unconditional and immediate repeal -of the purchase provision of the silver act is what the situation demands, The rest of the re- forms ean wait for a few years. No bank is strong “The theory of the money deposited shail bo oly Philadelphia Timeas: enough 10 withstand a run banking is tha loaned out at_interest and thus made w useful. 1f the banik kept all its donos tocked up in its safe it would not bo and could not do business. 1t follow the money which is thus in use cannot all by paid back to the dopositors on demand. A reasonable proportion is kept on hand for this parpose, but it all the, dopositors de mand their money at once the bank must suspend. Cincinnati Commercinl that have been forced, th itios of tho fi is gratifying to cent have boen Of ull the banks ugh the peculiar ial situation, to suspos note that less lures. The banks have been solvent, and conservatively managed They closed their doors to protect theirnssets and also that all might be treated alike. 80 doing, the sacrifices, in order vash to meet the dewands from deposite have boen cowparatively small. A very large majority of the banks recently sus. pended have resumed, and the restare pre- paring to do so, which shows tho actual tion of the banks to be exceptionally strong. Philadelphin Ledger: The most signifi cant feature of bank suspousions recontly is, that in the majority of cases the banks gei roady to resumo ina short time. The actual losses are small, the failures being due to an inability to make colleotions prompuly enourh to meet a run, though the assetsare nominally at least more than sufti- cient tomeet all demands. Prompt action on the silver bill, by helping to restore con- fidence, would lesson the num- bor of such failures, though it would not save institutions that are in _reality bankrupt. Tho latter, how- over, do not deserve to be saved. The sooner they are closed out the better for everybod; New York Times: The great lesson ot the time is the exceeding peril of a loss of con. fidence and the consequent contraction of credit. That it is that checks the operation of the forces in the great fabric of trade and threatens it with paraly It leads to r fusal of ad nd forcing of payments, It makes borrowing hard snd_interest high mypels selling and restricts buying. 1t forces hanks to suspend and drives ous men to bankruptey. At the it reduees the efticiency of currenc ing it circulate more slowly and ¢ yolume hecause timid porsons withdraw it 1, it than 1 por ame time by mak- m d withhold it from inve | ments ¢ arc elementary truths, but they are not generally appreciated. In in- v and trado credit is more than cur- is greater than cash, but the bottom of it all is the maintenance of oue true measure of value, accopted and relied upon as always safe and sure aguinst sudden change or fear of change. e TOUCHING IT GINGERLY. Koarney Hub: And so after all thero will be a square test of the constitutionality of the new railroad rato law. That is the ulti- mate meaning of the B. & M. injunction inst the State Board of Transportation. ney Journal: It is a question if the ds would not have found that nt least an attempt to comply with the maximum rate law would have mado them strong friends ready to assist in its repeal if it worked too much hardship. Papillion Times: It would seem to tho by the law are excessive, but we arc unable to harmonize the morning and even- ing utterances of the railroad attorneys, who claim today that the reductions mato will bankrupt the roads and tomorrow that the shippers will suffer loss under tho new aw. Chances are favorable that the new rato will benefit shippers. 1t is a dead suro thing that the railroad people would not sk for repeal if the provisions of the law would injure Nebraska shippers. The charge is absurd, and the roads will regret their oppo- sition to the Jaw, which will surely be made more stringent by the next legislature if the n it shall be prosecuted. If Ne- nates are as shrewd as e boliove, thoy willnot push the fight too ar. e i L Whoop! Stand from Unaer. Louisville Courier-Journal, The robber ns may exult over the temporary obscuration of the tariff issue. They may eloat over the hope of having an apostats”in the elected chief of the tariff reform army. They may funcy that the sil- ver muddle will keep the McKinley swindlo in the background. But they rockon with- out their host. No man is essential to tariff reform. Not even the weakness or the recreancy of an administration can stay, though it might rotard, the march of fred trade in Amorica. Bros.” make. for $1.50. Storo open every evening till 6.30, Suturday till 10, Times a very foolish act on the part of tho = railway companies to | fight the Nobraska maximum freight law. Perhaps the reductions mado BROWNING. KING— Lurgost Manufacourors and Rotatlers 0i Olothing in the World Before Noon Saturday We won't have a straw hat left and but mighty few neglige shirts— this is why:-—We have 112 straw hats them out tomorrow at half price. a hat that 'most everybody wears; for 50c; $3.00 split straws are now $1,50. Now here comes the corker-—For one day only, just to see if anybody wears them, we let you have any neglige shirt in the house, except silk, for $1.560, which is a reduction of $1 on most of them. All the latest styles and colors; including heliotropes, blues, pinks and principally Wilson Some have laundered collars and cuffs and some not, but all are 'way under price for just one day, Saturday. A $2.50 brown stiff hat BROWNING, KING & CO., |8, W, Cor. 46th and Douglas Sts. —————n. AVAILLARILITY, Schuyler Sun: The Sun stands in favor of giving Chief Justioe Maxwell tho nomina- tion again and _insists on Colfax county re- publicans sending & delegation to the state convention for him. Grand Islana Indopoendent: The republi- eans could ot nominate a more available man for the supreme court than Chief Jus- tioo Maxwoll He would be sure of a glori- ous re-election. But thecorporation people will do all they can against his nomination, and wo are afraid thoy will provent it to the groat 1oss of ihe ropublican party. Sohuyler Herald: The ring ropublicans and eorporation noeters are determined to retiro Maxwell to private [ifo the same as they did with Judge Reese. That the rank and file of his party are well satisfiod with Judge Maxwell we have no doubt, but the wire pullers and convention managors are against him and they proposo to crush him. It romains to be scen whether or not they will sucoced. Deeroased Inmmigration Desirable. Philadstphia Times. Whatever the ¢ o in the shrin go in immigration, the is a gratifying one, and 1t 8 to be haped that the intieration officials under the existing laws will find a way to do so much sifting that the decrease will be continuous horcafter, Some portions of the United States are gotting to bo u little crowded now, and we aro likely to need the thinly-sotted portions for the natural in- crease of our population to overfow iy, This necessity future should not be over- looked wor forgotten in our troatmont of the immigration question, and whatevor can bo dono to curtail the increase of population by the tramp stoamship ni Kate Flold's Washington “Tho cooking woman's domestic sphero.” apt to changy husbunds school enlurg SO, yos. S oftent Tndianapolis Journal; Mes. Wickwire— Don't youadmit that most of your troubles are due to drink? Distial Dawson-Can't & thnt Tdo, mum. Fact is, "t T took to hooze nobody nover hnd no sympathy for me The fdoal sunimer hotol e dinmond and dispensos Now York World clork woars a1 studded politoncss. Philadeinhin Rtec make Hght of 1 waill, upon which it answored the wall, tions on me." 1: “Why do you always nskod the motel 1 hovn s 'you ulways cast refloc- ¢ ULt bonts mo," sald M who had struck a’ sum Washington Sty dering Mike, sort SWhat doos? Iding Poto, “These people thut o indreds of miles 1o git a bath, ¥ Wo ou by T Misw vt n-—And have 1time toduy? ) Gy, 1 went Ty tamo in » Record: Breaun-—W You smok- ing, Jan 1 thought your tor orderod you to give up toha Green——That's all right, This is one of the k "kly: Artlst—Miss Brownio- 3w, WhO 05 10 ninery wprin, Iet us huve hor photograph for public litor—She won't, eh Tl the fore use one of those cuts Liboled “Boforo T Ohie 2o Tribune: * 0 this s you wed arnor pli heaviesg observed bsolutely invulneral thasuperintondent, proud v building w zun that will driv re old cheos NO COMPENSATION. Atlanta Constitution, Thero nover was a dewdrop That filled o tlower's cup, But quick there came a sumboan To drink the dowdrop up! never was a dollar v jingled in the till, But quick there came u follow And scooped 1t with a bill RY DAY, John Gerald 1) I luzily dine in a cafo fin I ton the fat o' the land; m in Puck. With & prime ragout, and a bottle or two, Aud w waiter on ofther hand; The lnmplight strenms, and the silver gleams, And the glad world stems 1o suy “When pockets are tight,then hearts are light, And this is Salary Day." The mian onmy right looks sad tonight; Yet lue is he among meng Red gold A oo drives, Whilst T He's o millionaire, but his seanty hair With worry is waxing groy; T pity him s0!—ho dous not know The joys of Sulury Day. Idrive Den One long week through T have lived on stew, With Inger in lieu of wins And perilous pies that would fright the eyes Of the chef e aow 1 ding The viands were ough, the wiiters gruff, Tut my heart was Rlways gay; When thiigs went s, o, litilo cared 1t I thought of Salury Dy, Tomorrow, alas! my fostsve glass Must bubble with beer again; And pies and stews will g1ve mo the bluos, ut nothing shall T complain, For 'l fix my sight on an oasis bright, Tnthe desert of scanty puy. And, hungry or fed, PIlsturdily trend Struight on to Salary Day. S0, liere! s a_toast to that at week by weok doth walk; 1'the ood things that his ghostship brings, eninl ghost, o "Tis pleasant 1o think or talk; But ghosts must €0 at the first And mine—hoigho!—cannot stiy; 8o, witl tful eye, ' bid him goodby ‘il next week's Sulury Day. ck-crow, and we let 25¢ buys the kind of $1.00 mackinaes go hod should be done. ™