Omaha Daily Bee Newspaper, December 14, 1894, Page 2

this time she openly stated that -lm! expected to Join Mr. Notson In a few days, but | did not say where she would mept him. At | about the same time told another lady | friend of her intention to go to her husband, bt urged her not to disclose her whereabout as she did not want her parents to know what | had become of her, | Mrs, Notson's financial troubles are also| cited. as reasons why her departure was con- ducted in so mysterious a manner. It fs wall | known that she was considerably in debt and this she made mo secret of to her Intimate | friends. She had $4,000 life Insurance in one company on which the had_induced one of | the members of the Board of Education to pay | premiums amounting to $20, for which he has | never been relmbursed. She has ten days pay coming from the city, but the member re- | fused to file a clalm, saying that he would | rather lose the money than have the matter | given publicity. She is also sald to have an- other polley, but it lapsed s time ago. Both policies were payable to her husband and children, | SELECTING A NEW CHIEF, May Namo tho New [os Kire Department The Board of Fire and Police Roard Commissi ers devoted two hours yesterday afternoon to | Nelsonville, 0., 24; Deroit, 25; Cleve- | ati executive session, which was entirely oc . 26; Pittsburg, 27; Washington, 20 and | cupled by a discussion of the question of the |30 phia, 31; Bostin, January 2. The | appointment of a new chief of the fire de- | FePort was adopted | partment. No progress was made further| The following telegram was received from [ than was stated in The Bee of lasi evening. | Miss Francis Willard, president of the | Mr. Redell and Assistant Chief Salter Were|\omen's Christan Temperance union: | Lt R 1 Uit aetion oYag | “Greetings to the convention. White ribbons | ')ll":."r:xgm-rlyl’r fll"l':vy ‘;uruf .:!yn[!:nrlwl m--' houses | 82nd fraternal delegates earnest sympathy. | and apparatus in the northern part of the | Ionest hard work Is the cnly royalty.” i elty during the day, but wished for another | The auditing committee reported: Receipts day in which to make a dimilar examina- | of the year, $15,345.43; balance on hand | tion on the south side. On this account an | adfournment was taken until this afternoon | when It is promised the new chief will be | named. That Mr. Redell has been practically se- ( locted for the position is not doubted. While | none of the commissioners are willing to go on record to that effect, there was a well un- derstood, If not tacitly worded agreement be- tween the majority of the members, that the | man who should be recommended by Mr. | Hartman would be elected, In fact Mr. Redell 19 the only man who is being seriously con sidered for the position. At least one of the | cemmisisoners is in favor of promoting As- | sistant Chlef Salter to the vacancy, but as the other members consider it advisable fo bring in a new man he is in a decided minor- ity. There is one application on file from Mr. Peletier of Kan:as City and it is stated that ome or two other men from outside cities hav been recommended, but ncne of them are in the race. As far as exporience 1s concerned Mr. Redell 15 sald to be the best qualified of outside candidates. He was | commard of the first battalion artment, and also as- | Chief This | any of the formerly in of the Chicago fire de sistant marshal upder battalion is located in the down trict, where the best men are suppos be In service. It was stated by one of th, commissioners that his retirement from the Chicago department was due to politics | complications, and not on account of any fault of his own. From Chicago he went to | ‘Wirona, Minn., where he was chief of the department. He remained there for a couple of years, after which he resigned to go into the cold storage busin When asked a direct question Mr. Hartman declared that the selection of Mr. Redell was not in his opinion assured. Ever since th matter had been taken up by the Commercial | club and the cty council the board had been | vigorously searching for a_first-class man. | He believed there was no difference of opin- 10 among the members in regard to going out | of town for a candidate. He did not wish to | make any reflections on the assistant chiefs, bat the sentiment seemel to be that a new man who had had an exiended experience in metropolitan methods would be more satisfac tory. Mr. Strickler declined to express himself definitely in regard to the matter. He also réferred to the necessity of making no mis- take in the selection, and said that the se- lection should not be made hurriedly. The other members were equally reluctant 10 -express themseives. There was an un- derstanding among the members which dated some time back, that until decisive action was_taken each member should be in honor bound to give' fid intimation of what that action would be: It was not even expected that the presence of Mr. Redeil in the eity would be known uatil after the matter had been decided. or il TAKEN T0 IOWA. Body of Maud Rubel Tak to an Homoe—Further Tdentifieation. The body of Maud Rubel was exhumed at Leurel Hill cemetery, South Omaha, yester- day, for the purpose of sending it to Eddy- ville, Tn., the former home of Mr. and Mrs. Rubel, where it will b reburied. Those prezent at the exhumation of the body were ol Coroner Maul, County Attorney Kaley, County Attorney-clect Baldridge, Mr. and Mrs. Rubel and a few of their personal friends After ralsing the coffin the 1id was taken off and at tho request of the parents a thor- ough investigation was made by Coroner Maul to positively identify the corpse. Mr. and Mrs, Rubel, after the investigation, said there was positive proof that the body was that of Maud beyond a question of doubt, At 6 o'clock last evening Mr. and Mrs. Rubel left with the body for Eddyville, Ia. Sam Payne, who was convicted of the mur- der of Maud Rubel, was taken to the peni- tentiary yesterday by Sherift Drexel. e SAVED BY A FREIGHT. Flan to Rob the Wurlington Express frou Willings Wednesdny Night. An attempt was made just east of Hyan- wis, Neb., Wednesday night, to hold up the B. & M. train from Billings. The train w preceded by a freight, which intended to take a siding not far cast of Hyaunis to let the passenger pass it The robbers, evidently belleving that the frelght was the passenger, flagged it a little west of the siding, but on finding that it was only a freight train allowed it to pro- ceed, They seemed surprised to see It then £0 on the sidetrack, and had not got 8o far when the passenger whizzed by but their number could be ascertained. There were six of them, and their leader, it 18 sald, was recognized as being one of ihe hard characters in that part of (he country, - - RIVAL O1L TRUST. New Association Formed to Compete tho Standard Ol Company. CLEVELAND, Dec. 13.—A big etroleum combin by which three of the largest oil producing companies in this state will be merged Into one concern, with $,000,000 capital, Is about to be consummated. The companies interested in this are the Sun Oil company of Toledo, Crystal Ol company of Toledo and the, Marrlame-Morgan company of Cleveland. The company will make a formidable rival to the Standard Oil com- pany. o\ Robety C. Pew, manager of the Sun Oll company, makes this statement: *Myself and assoclates in this compa with Mr Marriam of the Merriam- Reflning company of Pittsburg, have organized ihe Diamond Oll company and purchased the plant and property of the Crystal Teining company of this city. The total amount of money {nvolved in the transaction is $25,000,- 000, {\'\‘ do not intend to consolidate with the Sun nor with the Cleveland company.'" Concerning the reported big oll combine in which Cleveland &nd Toledo pariies are stated to be interested, a member of the firin of Merriam & Morgan of this city sald today: ‘“The Merriam & Morgan company h onsolidated with the Sun Refining com- pany of Toledo and will hereatter be knows A8 the Diamond efining company. The Crystal Oll works of Toledo huve also been purchased and will Le operated hereafter y the new organization. The combined companies will cperate in direct opposition to the Btandard, und will not only produce crude and refined oll, but deal largely in all the various products of that article.” with Merrlam & Morgan declined to state the amount of capital stock of the new con- cern, TOLEDO, Dec. 13. — Though the Toledo int(rested {n the reported consolida- Sleveland and Toledo oll companies are unwilling to discuss the matter, there 18 scarcely any doubt that the deal is fully as important, ‘It not more so, than s siated in today's dispatches. The Diamond Oil campany has been incorporated with J. 1 and B, B. Merriam, J. W. Stewart, John C. White and A. M, lieckett as directors. The first two named are Cleveland men. The | coeding was useless, as no law favorable to abor would stand in any court in the country. Mr. Bretelie said that more laws | for the benefit of labor are useless unless IN FAVOR OF FREE COINAGE Federation of Labor Delegates Pass o Reolution Endorsing It. | PASSED ON SEVERAL APPEAL CASES Political Program Comos Up for Considera- tion Today—One Plank that May Causo Trou Also Affect the Election of President. o and DENVER, Dec. 13.—~Upon the assembling | of the convention of the American Federation | of Labor today the executive committee sub mitted the following scheduls of dates for | meetings to be addressed by John Burns, to be substituted for the one submitted ):-u-r-‘ December Cincinnati, Omaha, December 17; Chicago, St.. Louls, 21; Indianapolis, 22 November 1, 1893, $7,147.44; total, $22,493.87. Expens:s November 1, 1893, to October 31, 1894, $17,302.08; balance on hand November 1, 1894, $5,191. A spirited discussion was precipitated by he report of the res lution committee in | favor of the adoption of a resolution intro- | duc:d by Edward L. Daly of the Lasters unfon of Boston, asking congress to pass a law making it an offense shable by fine and onment for any employer to em- a strike or lockout of his em- aliens wh have resided in the United less than one year and whe have not sed an intention of becoming American ns. After some discussion a subsity was offered that the resolution be refers to the incoming executive council with in- structions t> secure legal advica regarding the constitutionality of such a law If passed. Delegate Elderkin asserted that such a pro- d men can be elected t exist. Mr. the griund enforce such as now Bvans opposed th> resolution on that strikes are not considered legal. The substitute was adopted OPPOSE LAND MONOPOLY. The resolutions committee recommended the adoption of a res-lution endorsed by the Typographical union against land mon- opoly. The report was adopted, A resolution asking the secretary of war to have the fish traps removed from the | umbia river, according to existing law, was adopted. The committee on resolutions recom mended the adoption of Delegate Lloyd’ resolution in favor of free colnage of silver. The preamble covers much of the argument of the advocates of free coinage, and demands the re-enactment of the law In force before 1873, regardless of the action of any other nation, Delegate Thomas J. Morgan of Chicago offered an amendment that the silver mines be secured as the property of the government before the adoption of the resolution. He received no second. Treasurer Lencon objected to the preamble, because, he said, it assumed that all th trouble in this country was due to the dc monetization of silver, and moved to strike out all except the bare declaration for th re-enactment of the law. Mr. Lloyd made a strong speech in favor of his resolution in its entirety. He favored primarily a government fssue 0f nonmetallic money, but believed the restoration of silver would be a temporary alleviation of exist- g evils, q Mr. Wolfson of Fall River offered a sub- stitute similar to the amendment of Mr. Mor- gan. It was lost, and Afr. Lennon’s amend- ment was agreed to, after which the resolu- tion was adopted. The committee on the president’s report submitted its report. It warmly endorsed the action of the president in the A. R. U. strike and the various recommendations of the report. It was recommended that May 1, 1895, be fixed for the genaral establishment of an eight-hour day. The-proposed compul- sory arbitration law was vigorously opposed Delegate Penna moved to strike out that part of the report favoring-semi-annual con- ferences with the Knights of Labor, and made a strong speech condemnatory of that order. The consideration of that part of the matter was deferred until after the report of the committeo on conference. With this amendment. the report was adopted. GOMPERS EXPLAINS THR DEBS MATTER. President Gompers read a dispatch from Chicago containing an alleged interview with E. V. Debs, in which he denfed having asked Gompers to aid him in the strike. Mr. Gom- pers explained that he had never stated such a thing. Said he: “When, during the Chi- cago conference I asked Lim ‘What would you have the Federation of Labor do? he said: ‘It I were in your place, I would order the workingmen of America to walk out.’ " ‘The report of the committee on secretary's report was submitted and adopted. It recommended the setting aslde of 15 per cent of the revenue as an assistanco fund, and that a deficit of $1,271 in that fund be re- placed from the general fund. A resolution against the issuance of money by monopolies was introduced by Delegate McGraith and referred. The committee on resolutions recommended the adoption of resolutions favoring state employment agencles, and endorsing the Me- Guire bills for the relief of seamen. Delegate Furuseth made an address ex- planatory of the condition of American sea- men, who, he sald, are subject to a worse system of involuntary slavery than is known elsewhere on earth. The matter was re- ferred to a special committee, consisting of John Nugent, W. D. Mahone aud Mrs, T. J. Morgan, with instructions to formulate a plan to accomplish the result desired. At 12:30 o'clock the convention recess. On the reassembling of the convention the grievance committes reported on the grievancs | of the theatr.cal employes against the The- | atrical Protective association of New York, | recommending that the Federation aid in the organization of a branch of the National alli ance in opposition to the Theatrical Protective association. The report was adopted. The committee also reported on the d'sa- greement between local brewers' union No. 18 of Chicago and the national organization, sustaining the national body and recommend- Ing that the back dues of the local union be paid fn Installments. The report brought on a lengthy discussion, Thomas J. Morgan of- fered an amendment that the matter be re- ferred to the executive council. Mr. Croke moved a substitute say.ng that the Federation has no jurisdiction. The substitute was lost and the amendment adopted President Gompers announced the following appolutments: John W. Bramwood, W. C. Pomeroy, Charles Greenlalge and Charles J | H. Ratigan as special committee to consider { the Phillips bill, COURTS AND LABOR ORGANIZATIONS. | took a Hon. 1. N. Stevens of Denver was intro- | | duced and delivired a short address on “‘The | Recent Judicial Dec'sions and Their Effect | Upon the Development of the tion: He confined his remarks mostly to| the action of the federal courts In cases of | railroads in the hands of recelvers, He said that out of thirty decisions he had examined no two were all alike, even on questions very similar. The decielon of Justice Harlan in reversing the decision of Judge Jenkins in ths Northern Pacific railway cases was the | fairest. He said the system of receiverships was based upon no law, but upon custom arising in vourts of equity, and had long ago far exceeded the original Intention, He ad- vised the Federation to direct its efforts to ecuring national and state leglslation de- finlng the rights and duties of corporations and of recelvers of bankrupt companies, The grievance committee reported o the Labor Organiza- company, it is said, will manufacture every- hing from crude oll to candles, just as the tandard bas been doing for 'years. The Bun Oil company s really Pugh and Emer- %on, two wealthy producers of Pittsburg, They own more production in Oblo than any goncern qutelde thy Btandard company. The Crystal company operate y George B Lores and August W. achen. Louisville Central Labor union dificulty, sus- | tain and treasurer; H. L | Don THE OMAHA DAILY FRIDAY, DECEMBER 14, 1894 ported several deelslons in support of local boycotts, Among them were the Arana, which It Is alleged I8 printed by nonunion printers. Many dciegates oxpressed regre at the necessity of taking action against ch periodical, which s regarded as a very able exponent of labor doctrines, and the matter was finally referred to the executlys council with instructions to declare the boycott only af er all moans of bringing the pub lcatha into the union bad failed An_invitation was recely Woman's club to attend a rec:y given at the Albany hotel tomor but uzoa the announcement that the Albany I8 not a unfon house the invitation was declined Tomorrow morning's session will probabl m the Hn o be wmght, bo one of the liveliest of the conv'ntim. At 10 o'clock the political program s to come up. The plank over which the groat fight is to come is No. 10. It 1z as follows MAY CAUSE A STRUGGLE “The colleative ownership by the peopls of all m of product'on and distribution.” It 1s supported by the soclalist members und they claim that on a canvass made last night 1t was found that they have a majority of 200 votes. It Is probable that the upponent of the soclalist idea, in the event tha' the find themselves outnumbered, will try to cure the adoption of a substitute of a 1 radical nature. It {s beleved that the dis- cussion of this question and the vote upon it will have a strong bearing upon the election of a president. Gompers, McGuira, Prescott and others who have been suggest:d as can- didates are known to oppose plank 10, whilg, the Mine Workers are its warmest advocates. John McBride, president of the latter union, who gave Gompers a close race last year and is being boomed again, and though he is not her2 his friends are working for him early and late and claim that his election is cer tain, Governor W te will not appear before the convention. To the committee <ent to in- vite him to speak he stated that awing to the great press of work he would not be able to prepare an address, but would send a let- ter setting forth his views on some of the mat- ters treated in the “Political Program,” which Is to be considered at 10 o'clock tomorrow morning. His letter will be read at that time, i dion DEMPSEY REACHES NEW ORLEANS. Nonpareil Lands In the Crescent City for His Meeting with Ryan. NEW ORLEANS, Dec. 13.—Jack Dempsey, who I8 to meet Tommy Ryan in a glove con- test before the Auditorium club in this city next Saturday evening, reached hore today from Savannah, Ga., where he has been training. Dempsey is apparently in perfect condition. Ryan has bee e the favorite in the betting by the C go and Detroit contingents, but Dempsey stock will prob- ably improve now, as investors will have au opportunity of seeing him and judgie for themselyes as to his condition. 'he Bowen and Lavigne contest cceurs tomorrow night, Hit the Talent Iin SAN FRANCISCO, Dec. outclassed his field today He was the only favorite pic d. 13.—Tartarlan 1 won easily. ced during the day, and the talent went home crippled. Summary First race, about six furlongs, selling, 2-year-olds: 'Hanford, 102, Fiynn (10 to 1), won; Mollie King, 102, Carr (2'to 1), second; Ruth, 98, Hiorichs 8 to 1), third, 1 Hueneme, Loughmore and 1 also ran Second race, Red ) five furlongs, n (6 to 1), nd; Sweet Alice; 2 to 1), third, Time: 1:07%. Lottie D and Goldbug also ran. Third race, six furlongs, hatdicap: Tar- tarian, 107, Hinrichs (8 to §), won; Quirt, 94, Cockran (6 to 1), second; Polaski, 9, Cheva- lier (15 to 1), third, Time: 1:20. Duke Stev- ens and Talbot Clifton also ran, Fourth . one mile, selling: Imp. Per: 82, Cockran (4 to 1), won; Jack Richileu, 94, Hinrichs (7 to 5), second; Royal Flush, §2, selling: n; Clacques Chevalier (4 to 1), third. Time: 1:51%. Enthusiast also ran, Fifth race, one mile, sclling: Normandle, &5 . Chevalier (3 to 1), W on; White Stone, b R. Isom (8 to 5), second; Hydy, 95, Hinrich: (6 to 5), third. Time: 1:52%. Ell Kendig also ran. Fifth Duy at New Orleans. NEW ORLEANS, Dec. 13.—Tifth day win- ter meeting; weather fine; track good; at- tendance large. - Results: Pirst race, five furlopgs: won, Redtop (5 to (7 to 1) third, = Time: Second race, mile Wolsey (13 to 5) won, D_gecond, Peytonia Third race, six furlongs: Francls Pope (5 to 1) won, Ben Wilson (i5 to 1) second, Miss Perkins (7 to 1) third, Time: 1:18%. Fourth race, six and a half furlongs: Lot- tie Mills (3 to ) won, Metropole (3 to ond, Jardine (25 to 1) third. Time: 1 Rifth race, seven furlongs: Danube 1) won, Denver (10 to 1) s=cond, Press noly (5 to 1) third. Time: 1:30. Boxing Carnival at BALTIMORE, Md., Dec. 13.—At a boxing exhibition tonight Chris Johnson and Bob Carrol, local welterweights, fought three vicious rounds. Carrcl was knocked out. Joe Elliott of Baltimore put Joe Flynn of Wilmington to sleep in the third round. Charley Gehring of Baltimore and Billy Young of Washington boxed a four-round draw. The last fight of the evening was o six-round go between Johnny Glynn of Washington and Sol English of Baltimore, They previously fought two draws. Eoglish forced the fighting from start to finish, chasing Glynn all over the ring. The lat- ter's viclous stops, however, resulted in his galning the decision. Referce, Jake Kilrain, Pisa (6 to 1) 10) “second, ‘Black Jack and an_elghth: Tmp. Billy McKenzie (10 to to 2) third. 'Time: land T and Joo Patchen at Kansas City KANSAS CITY, Dec. 13.—John G. Taylor, owner cf Joe Patchen (2:04), and Jack Curry, his driver, are in the city to attend the match race between Joe Patchen and Ry- land T (2:07%), which will be decided over the half mile track here Saturday after- noon. The conditions are that Joe Patchen will pull a four-wheeled bike wagon, while Ryland T will pull a bike for $1,000 a side, mile heats, best three in five, Horsemen are flocking in from all parts of Missouri and Kansas. The track is being placed in first-class condition, and fast time is ex- pected. Bernnu is Ambitious, GALVESTON, Tex., Dec. 13.—The Bernau- Burns glove contest tonight was a one- sided affair. The conditions of the fight were: Bernau agreed to give $100 to Burns if he would stand before him for six rounds. Burns was counted out in the second round. He frequently went down to avid punish- ment, and was wholly cutclassed. Bernau is more than anxious to meet Dan Creedon for $2500 a side, and negotiations to that end are under way. die Leonert Holds the Record. BUFFALO, Dec. 13.-In a trial for John 8. Johnson's straightaway road records here today, Eddie Leonert of the Buffalo Press Cycling club not only equalled the record breakers for the mile, flying start, paced, to 1:25, but also knocked off severai s from' Johnson's time for the mile unpaced, making the distance in_ 1:52 3-8, Johnson's time for unpaced being 1:67 3- Fast Quarter at Axhland ASHLAND, Neb., Dec. 13.—(Special)—One of the largest crowds ever drawn to a horse race in Ashland witnessed the running race today between Prince, owned by I. K. Sleeter of Scribner, Neb., and Blue Rowdy from Ashland, owned by Dave Carr. Blue Rowdy came gut horse by fifteen yards. Time: 0:24% for quarter. Foot Ball Team ¢ lection. ASHLAND, Neb., Dec. 18.—(8pecial)—Ash- land foot ball team elected officers for '95 this afternoon: Charles H. Stockdale, cap- Derry, president; ‘cus Brush, Gould, vice manager; Charle Carver W ne from Grimm, CHICAGO, Dec. 13.—The second match be- tween Dr. Carver and Charles Grimm of Clear Lake, Ia., was won by Dr. Carver, he Killing 86 birds out of a possible 100, Grimm killed' 83, S Wants & Divorce from an Embezzler. KANSAS CITY, Dec. 13.—Mrs. Fanny B, Howard has filed suit in the circuit court for divorce from C. M. Howard, the alleged Portland, Ore., embezzler, charging bigamy. Howard ' was treasurer of the Sunnyside Land and Improvement company of Portlind. He embezzled $25,00, it has been alleged, from the company in 1892 and fied to England. He returned to this country a few months later, and at Pender, Neb., met and married 3 Miss Fales. He was arrested last wicter and taken to Portland, where 1s now in jail B ok Had Quarreled for Threo Days. KANSAS CITY, Dec. 13.—Philip Crow, a taining President Gompers In his granting of the charter. The protest was from the Louisville Trades assembly, which witharew from the Federation two years ago. The Question was referred to the executive coun- ell for final settlement. The committee on labels and boycotts re- bartender, living in Kansas City, Kan,, today shot and fatally wounded his wife, Alice, then turned the revolver on himself and sent a bullet through his head, dying Instantly. The tragedy was the result of a family quarrel which began three or four days aso. HAVE S CF THEIR OW Several Perso ing ar Appear Beforo the Bank- Currency Committse, FIND FAULTEWATH CARLISLE'S MEASURE Some Do Not Think the Fanks Would Ac- cept 1t-—-Cornwall and Hepburn Approve the Maltimore Plan Evolved by, the Banks. WASHINGTON, Dec. 13.—The house bank- Ing and currency committee continued its hearing today. There was a bare majority of the committee present. Letters were read from W. N. Dana, editor of the Commercial and Financial Cbronicle, and from R. B. Fer- ris, vice president of the Bank of New York. | Mr. Ferris said: “There to be seems no good reason why existing national banks who have United States bonds on deposit with the comptroller should not be allowed to continue | as they are until their charters expire or the deposited bonds are paid off. Carlisle's to do Section 7 of Mr. like forcing the banks been consulted bill what seems | | they have not Ferrls advocated the establishment of central redemption agencies which would, he thought, enhance the elasticity of clrculation based on a deposit of bonds, Referring to sec- tion 10 of the Carlisle bill, providing for the issue of notes by state banks without tie pro- vision of a sinking fund, Mr. Ferris said: “It makes the bill simply an inflation meas- ure modified by the deposit of 30 per cent in legal tender notes and the provision of a sinking fund to cancel United States notes to the extent of 70 per cent of new circulation Issue when tho treasury has the means to do It.” And he closed: ‘“’As a bill to substitute national bank notes for Untted States issue it will be a fallure, as It presents no induce- ment to solid banks to become insurers of the circulation of mushroom institutions and the stimulant to organize state banks not sub. fect to United States inspection Is question- able,” After a sharp pasage-at-arms between Rep- resentatives Walker and Warner as to the order in which witnesses should be examined in which Mr. Walker complained of criticism by Mr. Warner, Mr. William C. Cornwall, president of the New York Banking associa- tion, was introduced and read a carefully pre- pared paper on the currency probl BANK NOTES IN LIEU OF GREENBACKS. His recommendations were as follows: 1. The greenback and treasury notes should be redeemed and canceled. The real business cf the government as ards money Is to stamp upon gold and silver their fine- ness and weight. A government has nc right to issue paper with nothing back of it and to make it legal tonder to create a currency, and by an act of law force the people to take its full value without regard to the intrinsic worth. ~All such issues up to .date have entailed trouble. The greenback and treasury notes are cf this character. They are of the government’s notes to the extent of $500,- 000,000, payable on. demand, and in gold They have caused trouble enough already. They are a constant menace to the gold rescrve. They should be pa‘d up. 2. The vacaucy should be filled with bank notes. The bedt cyrrency of the best nati-ns today Is muln‘y’ bank notes, which are a first class lien upon the assets of the bank. These assets arc commercial possessions, rep- resenting the product of the brain and muscle of millions of people. They are the wealth of the naticn. -What better hasis for circula- tion can there be than this—the actual wealth of the nation? To fill the vacancy created by the retirement of the legal tenders and as fast as they are retired national banks should be allswéd to ‘issue notes to a per- centage of cnpm,"r'llhuul bond security, the notes to be a en upon the assets of the bank, including the double liability of stock- holders, with mremaranty fund made up by all the banks, the govBrnment continuing to guar- ante and rmu'fi?kp notes at' present. This I8 practically Zthe “Baltimore plan. It is simple; it is good as far as it goes and ft goes far enough for the present. 3. To perfect the system further and make out the complicated” and- delicate problems attending this an Impartial expart commis- sion should be appointed. To recapitulate 1. Retire the legal tenders. 2. Let the national banks take out notes under the Baltimore plan to replace them. 3. Appoint an impartial expert commission to perfect our currency system. After the corftlusion of his paper, Mr. Corn- wall, replying to questions by Mr. Warner, said he thought the greenbacks and treasury notes outstanding should be redeemed and that he would perform this redemption with low rate bonds. He also said that he did not consider that part.of Secretary Carlisle’s plan relating to the retirement of treasury notes sufficiently definite. Mr. Cornwall was questioned at much length. Among other things he said that a return to stata bank notes would bring about a revival of counterfeiting, now reduced to a minimum, Mr. Johnson of Ohio asked as to the effect of redeeming the greenbacks in silver. The witness replied that gold would at once g0 to a premium. Mr. Willam Dodsworth, editor of the New York Journal of Commerce, next ad- dressed the committee. W. DODSWORTH'S SCHEME, He laid down these premises: 1. That the bond form of guaranty has been found incompatible with the elasticity of fssue. 2. That said guaranty leaves no sufficlent margin of profit to the issuer, and conse- quently prevents fssuing. 3. That the bonds themselves must few years mature and be reissued. 4. “That the government's engagement to pay the notes is an fllegitimate usurpation of power. 5. That owing to obstructive restraint the volume of notes cannot be readily aug- mented to meet public emergencies. 6. That the arrangements for insuring current redemptions fail of their purpose, thereby keeping the volume rigidly inflexible at the seasons when it should automatically contract or expand, 7. That for these reasons the national bank circulation has shrunk to one-half of its former volume, while the public require- ments for money have been increased, Ho said that it would be manifestly de- sirable to adopt a course least calculated to disturb existing banking arrangements that need no change, but that the power of issuing notes should be conceded to the banks operating under state laws, conditioned upon tho terms that they shall conform to the terms of Issue'imposed upon the national banks, thereby’'sectring from all banks a uniform circulation. * Any course short of this would be not only a political. Injustice, but an unwar- rantable discriminafion against a class- of banks in every, way, deserving the privilege, and upon whose, opgrations the business in- terests of the countyy are largely dependent, The state banks of the country have a total capital of about 216,000,000 and are the cus todlans of $750,000000 ‘of the people's de- posits. Their capitsl bears a ratio of 36 per cent to thelr Jodns, while in the case of the national banka the proportion is only 33 per_cent. Their ratio of capital to deposits is 87 per cent, which s fdentical with that of the nationsl”institutions. In 1892 their cash resources “Averé in the ratio of 20 per cent of their depoBits, while the natlonal showed 19 per cént. Upon the true tests of relative strength-and of soundness of meth- ods It is thus evidént that the state banks have a slight advantage over the national If the privilege of issue is withheld from this class of banks, the people are thereby de- prived of the-large benefits that woull ac- crue to them from the use of their notes. IN RATIO TO THE CAPITAL. “To determine the maximum of circula- tion to be - permitted,” ho contended, “a uniform ratio should be established between the permlissible amount of issues and the unimpaired paidup . capital or the paidup capital and surphie combined, preferably the latter. As banks ordinarfy keep their cir culation” within the limit, that limit should bo adjusted to a supposedly normal amount but allow & liberal margin for expansion i periods of unusual business activity, A limit of 76 per cent would be entlrely safe, and as the capltal of national banks is §700,- 000,000, and of state banks $275,000,000, the ratio would permit a maximum ratio of $730,000,000. Were the capital In a d surplus combined tc be chosen as the he ratlo must b reduced. In such case as the combined ca tal and surplus of the national and state banks amount to about $1,410,000,000, a ratio of 50 per cent would afford an Issuing capac- ley nearly equal to 76 per cent on capital alone. These estimatos of the possible issue of new notes presupposes the retirement o some $200,000,000 of now existing national bank rotes, so that the net possible Increase of note circulation (upon the present amount of national and state banking capital) would be $520,000,000; the actual Increase must and probably would be a very different matter. “Should no steps be taken for retiring the outstanding government notes, this capacity of Issue must exceed the existing require- ment of the business. How far that must tend to induce unhealthy inflation of the circulat- ing medium would depend almost entirely upon the nature of provision made for the re- demption of the notes. Under such arrange- ments as are provided by the existing treas- ury redemption agency such a result would inevitably follow; for the system obstructs more than facilitatos redemption. 1If, how- ever, congress should decroe the withdrawal of the $500,000,000 of treasury paper, the new supply of bank notes would be none too much to fill the vacuum. With the with- drawal of the bond form of guaranty there would be but one eligible substitute, to consti- tute the notes a first lien upon the entire as- sets of the bank, and also upon the labilities of the stockholders to assesement up to the full amount of their capital stock. With the combined guaranty from assets and stockhold- ers the protection would be much mora ample than that afforded by the existing deposit of bonds, the only difference being that under the methods the notes must be redeemed with a degree of promptness. Considering, how- ever, that there could be no question about their ultimate payment, there would be no reason why they should not continue to cir- culato until the holders were notified by the recelver to present them for redemption. FAILURES ARE INSIGNIFICANT. “During the panic of the last year the fail- ures of national banks represented only four- tenths of 1 per cent of capital, and in the last thirty years one-third of 1 per cent. Assum- ing that the banks were permitted to issue notes to the extent of 75 per cent of the cap- ital, but kept only 60 per cent, we should have an annual crop of about $2,160,000 of in- solvent notes, which would be equivalent to a fraction over one-fifth of 1 per cent of the whole banking capital. Against this would stand a total of $4,240,000,000 of bank assets and a stockholders' ‘pledge of $1,000,000,000, in all $5,420,000,000, upon which the noteholders would have a first lien. The 30 per cent de- vosit proposed could not be defended upon the ground of guaranty neces- sities, and had the objections that for each $1,000,000 of expansion of note issues it necessitates a contraction of $300,000 in an- other form of currency. If intended to indi- tectly effect the withdrawal of government notes from circulation, a more certain way to get rid of that monetary excrescence would be to repeal the legal tender act and provide for the final liquidation of the notes with suck speed as would not disturb the monetary equilibrium.” He approved the principles for the retire- ment of notes in section 9 of Mr. Carlisle's bill, but suggested that this exercise be made mandatory rather than discretionary with the secretary, and that the secretary be required when there was no surplus revenue for re demption to borrow a sufficlent amount on low rate bonds payable at the pleasure of the government, The 5 per cent safety fund seemed to him to lack any occasion, except as provision for the immediate redemption of notes of a failed bank. ABOUT RESERVE DEPOSITS. Regarding the proposal of Secretary Carlisle that banks be required to keep a reserve ac- count of deposits, he said that when banks are pressed by emergencies they have more re- spect for ‘their interests than to he:ltate to disregard the statute. Some panics might have been wholly avoided had banks been free to use their money resources according to their discreton. So that the result de- signed to protect bank depositors really im- perlled them. He continued: “There I3 a competition between banks.to occupy the field of circulation, each one seeking to keep out its own notes and using the redemption agency as ameans of putting into retirement the notes of its competitors. This competi- tion s the. truest possible regulator of a bank note circulation.” The redemption agency of national banks he characterized as a failure, showing that in 1857 the Suffolk bank of Boston, acting as a redemption agent for the New England banks, effected $400,000,000 of redemptions; that New England with its financial dimensions of thirty-seven years ago had ten-fold the amount of redemptions now effected at Wash- ington for the whole United States. If the agency should be near the point of issue, he suggested six redemption districts, the comp- troller to recommend a bank as agency in each. The divisions would be by groups of states, as follows: New Rngland stafes, New York, New Jersey, Delaware, Pennsylvania, Maryland and District of Columbia; southern states, Indiana, Illinois, Michigan, Wisconsin and West Virginia; Iowa, Minnesota, Mis- sourl Kansas and Nebraska, Pacific states; other western states and territories, HEPBURN PRESENTS HIS IDEAS. At the afternoon session Chairman Springer read a letter from A, B. Hepburn of New York, comptroller of the ‘currency and one of the ex-advocates of the Baltimore plan. Mr. Hepburn wrote as follows: “Of course, Mr. Carlisle’s provisions requiring banks taking out circulation to deposit greenbacks and treasury notes is made in the interest of re- lieving the government and not for the bene- fit of a currency issue. I do not know that I have any objection to this. I would like to see any safe course pursued which would re- lieve the government of its embarrassments, It 18 by no means an unmixed blessing to the banks, the retirement of the government trom the banking business. While it would benefit the government and the people as a whole, It would certalnly put added respon- sibilities upon the banks. I am strongly opposed to the proposition to do away with the requirements that the banks keep re- serves, and my understanding of the law does not tally with that of the secretary. The law, when it was drafted, as I understand it, was based upon the experience of prudent and well managed banks, and the reserve was fixed at a point where prudent and well regulated banks carried their reserve. It was sought to fix a limit 80 a well managed bank would as often be over as under the re- serve in the regular course of business. This law is made not for the nine banks who would observe it without any legal provis- fons, but for the tenth, that either by in- competent, speculative, or unsafe manage- ment, might fail to keep a proper reserve, and to keep its finances sufficiently strong to meet the demand that might be made upon it. The statement which the secretary makes that the state banks kept 20 per cent re- serve, whereas the national banks keep only 18, 1 do not think is well founded.” Mr. Hepburn also criticized the repeal of the 10 per cent tax on state bank notes while levying a tax on national bank notes; also the forbidding of national banks to issue notes for less than $10. The safety fund should also be equally compulsory, and state banks should* be required to keep the same reserve. The section of the Carlisle bill which provides for imposing the 10 per cent tax in case the bank does not satisfy the secretary and comptroller he thinks would be of little account. The imposition of the tax after a bank had falled would only aggravate and complicate matters. He thinks state banks designed to take out circulation should become national banks in fact. He closes by saying: “The secretary's discussion of the financial question in general I most cordially approve, and the conclusions he reaches I believe are wise and sound, but the details of the bill he has submitted, in my judgment, are open to serious criticism." The committee then adjourned until tomor- row. Tt scarcely needed the approval of the warm and enthusiastic audience that gath- ered at Hoyd's lnst evening to attest the already recognized popularity of “In Old Kentucky,” as presented by a very capable company under the direction of Mr. Jacob Litt. “In Old Kentucky” has attained a prominence In the theater world seldom reached In %o short a time by plays of its class. As a comedy drama of the more ro- mantic type It has doubtiess come to stay for many successive seasons. It will wer well, for it possesses a naturalness that so many playwrights have failed to attain The story of “In Old Kentucky" is too weli known to the theater public to need repeti tion. Tt 1s a series of pictures and type and it is as distinctively Kentuckian as it | I8 distinctively American. In Colonel San- dusky Doolittle, Horace Holton and Joe Lorey, Mr, Dazey, the author of “In Old Kentuck has " portrayed three distinct types of character to be found no wh but in the blue grass regions, shadowed by the smoky-blue mountains of Kentucky, The action of the play Is spirited, the climax and th the exac not too tensely drawn, happy enough to me most critical The general ensemble of the company is excellent—if anything, better than that of the company which gave the plece its Initial Buccess last season, With the exception of a slight but noticeable tendency on the part of one or two members of the company to occasionally exchange the accent of the true Kentuckian for the plainer garb of specch in every day use morth of Mason and Dixon's line, the individual work was good, Mr. Walter' Edwards, who portrayed the character of Joe Lor he impetuous young moonshiner, sustained the burden of the story at the critical functures in the plot, and very cleverly avoided a natural tendency to overdraw the heavier portion of his work, Miss Lulu Tabor, as Madge Brierly, carried the leading role 'and easily won ihe entire sympathy “of the audlence, Mr. Clark, around whom centered the larger part ‘of the Interest of the story, was natural as Colonel Sandusky Doolittle, the true Ken- tucky gentleman, and he gave to his part a flavor as distinct as that of the mint julips of which he w 8o fond. He sus- tained the principal comedy role and left but little for the critic to carp over. The other parts were well carried by Fred- eric Ross, Frank B. Jamison and Charles Webster, 'The pickaninnnies were as cleve as of yore, and caught the galleries as easily as ever. Above all, the play is well staged, some of the effects alone being features of the play worthy of notice, denouement lons of the —_——— TELEGRAPHIC BRIEFS. Domestie, Martin Robb of Fayette, Mo., accused of having improper relations with his young niece, has been warned to leave the neigh- borhcod. A new disease has broken out among hogs. The symptoms are bleeding at the nose and coughing, followed by death with every symp- tom of pneumonia. Debs declares emphatically that he never asked Gompers to call out the members of the federation to ald him in his great railway strike last summer. A mortgage for $3,000,000 has been filed with the Union Trust company by the La Porte, Houston & Northern, the money to be used for extension purposes. New York banks have, many of them, broken the agrecment recently signed, and have resumed paying 2 per cent interest on deposits of out of town banks, The United States marshal at Fort Smith, Ark,, left yesterday for the federal prison at Detroit with thirty-two prisoners. Among them wero five members of the Cook gang. Leading wholesale hardware men are fin session at Cleveland for the formation of a national hardware association by the merging of mamy local organizations, which already exist. Mrs. Amella Westergard, widow of a prom- inent shipper of Philadelphia, has committed sulcide with a carving knife. The deed was due to excessive grief over her husband’s death. F. W. Philan, the Cincinnati American Ratlway union leader, yesterday completed his six months confinement for contempt of court. He was given ‘an ovation when re- leased. Prof. Gustavus R. Lenn has been appointed state school commissioner by the governor of Georgla. The legislature only, on Wednes- day night, passed a resolution making the office elective. Lawyer Halght, arrested at the instance of a Tacoma man for fraudulently disposing of notes, has been discharged. David Kellam, the broker who was arrested with him, Is held in §5,000 bail. It is likely that the movement for the erection of a statue to Robert Emmett in Central Park, New York, whl fall through on account of the factional strife among the Irishmen, and the consequent failure to raise sufficient money. Cable Flushes, Mexico is celebrating the feast Lady of Guadaloupe.” The widow of the late head of the Roths- childs banking house in Frankfort is dead. Ex-President Vincente Cuadra of Nicaragua is dead. He was an able statesman and only retired from office when he was 75 years of age. Steamship advices received at New York from Peru say that General Pierola, the in- surgent leader, is gaining accessions to his ranks. He has control of several of the ports and is strong in the interior. There was considerable excitement in the Italian Chamber over the Banco Romano af- fair, but the storm quickly passed without any dangerous results, The minister of jus- tico announced that the magistrates who failed to do their duty had been punished. Nearly all the Mexican states have offered to assist the general government in the event of a war with Guatemala, but the indications are that this much-talked-of war will not come off. Isaac P. Gray, the minister to Mex- ico, who has just returned to his home in In- dianapolis on ‘acconnt of the serious iilness of his son, declares that the Mexicans ago very much averse to war and that the boundary trouble is likely to be settled by a joint com- mittee, of “Our Cereal foods are better for || children than meat. 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