Omaha Daily Bee Newspaper, May 18, 1895, Page 1

" tween Lincoln and Douglas, just on the eve | » o & # r THE OMAHA | "ESTABL SHED JUNE 19, 1871. OMAHA, SATURDAY MORNING, MAY 18, 1895 JOINED ISSUES WITH COIN 1llinois Olub Rooms COrowded with People Anxious to Hear the Two Champions, HAD A REAL SCHOOL ON HIS HANDS Harvey Opened the Debate and Brof. Laughlin Talked an Hour and s Halt From the Standpoint ®f = Gota Monometalist. CHICAGO, May 17.—A stirring political en- &ounter took place tonight, hardly paralleled In the west since the famous struggle be- of the civil war. Tonlght's platform com- batants were two giants of the opposing sides in the raging financial controversy—J. Law- rence Laughlin, professor of political economy in the University of Chicago; the favorite authority of President Cleveland, and Wil- liam H. Harvey, author of “Coin’s Financial Bchool.” Not halt of the people clamoring to be present could have been accommodated had the Auditorium itself been secured for the meeting of the champlons. The rooms of the Hlinols club were crowded to almost suf- focation when the president of the club, Dr. Homer M. Thomas, announced all in readiness for the dress suit gladiators. The proposition 1o be discussed was read as follows: “Resolved. That the United States should at once enter upon the free coinage of sil- ver at the ratio of 16 to 1, ind:pendently of the action of any other' nation.” Mr. Harvey, it was stated, would speak for an hour in the afirmative and Prof. Laughlin an hour and thirty minutes in the negative, Mr. Harvey then having thirty minutes for a rejoinder. Mr. Harvey was evidently full of suppressed excitement when he came forward to begin his address, but Lo soon steadied himself admirably. Prof. Laughlin had the advantage of not being the first to speak. Both men were liberally ap- plauded. HARVEY OPENED THE DEBATE. In opening for the affirmative, Mr., Harvey sald: "“The first reason why I am in favor of independent action by this country is that we Ehould not be subjected to the influences of the governments of Europe. When our forefathers declared their political independ- ence from Europe, it was to free themselves from the class legislation of those govern- ments, justly termed plutocracies. It people ean be reduced to poverty and the prosperity of the United States can be ruined by hang- Ing to the financial policy of Europe, then we can be reduced to the same condition by financial legislation as a war of conquest would reduce us. If we are right and our friends, the monometalists, mostly say: ‘We admit bimetallism would be good If we could get International bimetallism." Where there Is a necessity, there is a remedy. The goy- ernments of Burope are plutocracles. They Bqueeze the lemon of the people about every ®o often. The few controi class legislation and the masses are hewers of wood and drawers of water for ‘the titled few. If they say “‘we must have the same money that they have in order to carry on business With them,” my reply is “that the biggest business we ever did carry on with the bal- ance of the world, and particularly Europe, was the time when they had gold and silver @3 money and we had neither.” CAN BE INDEPENDENT. This nation can have an independent finan- eclal system without any reference whatever to the balance of the world, and can carry on.its own commerce by océan and by land Woth the other governments of the world notwithstanding. We do not now settle onr balances with Europe in coln except on its commerclal value and by welght. What we want is bimetallism, and scien- tific bimetallism is this: 1. Free and unlimited coinage of both gold and ellver; thése two metals to constitute the primary or redemption money of the government. 2. The silver dollar of 871% grains of pure silver to be the unit of value and gold to be colned Into money at a ratio, to be changed if necessary from time to time if the com- merclal parity to. the legal ratio shall be affected by the action of foreign countries, 3. The money coined from both metals to be legal tender in the payment of all debts, 4. The option as to which of the moneys is to be paid in the liquidation of a debt to rest With the debtor and the government also to exercise that option when desirable when paying out redemption money. The mints are now open to the unlimited colnage of gold. Such portion of the product of that metal as does not find an immediate demand to be used in the arts and mapu- factures i3 taken to the mints and coined into money—into money—and becomes at ones the object for which all other products seek the market. It thus has an unlimited market, as the mints are open to all of it that comes. LIMITED MARKET FOR SILVER. This was true also as to silver prior to money—our primary money was then paper money. Silver at that time was at a slight pre- mium over gold, By this act the mints weré closed to the unlimited coinage of silver, ex- copt the trade dollar, which was overvalued by elght grains and (ntended only for export to China, and It was shut off by the act of 1876, except as the secretary of the treasury might permit It to be coined. Silver had then begun to fall as measured in gold, and the breach in the commercial parity of the two metals, as was natural, gradually widened. With resumption gold asserted its importance, and silyer correspondingly de- clined, Under the Bland-Allison act of 1878 credit- ors began to make their notes, bonds and mortgages payable In gold to the exclusion of all other forms of legal tender money. This Increased the demand for gold. Silver had ceased to be primary money. That elasticity which the alternate use of silver with gold, that true bimetallism gave to our primary money was now absent. If the demand for gold became too great to supply the normal needs of primary or redemption money there was nothing to take its place as such. Cred- itors would demand the dearest metal and the law had given them the right to do so. AT THE GOLD MAN'S MERCY. If gold was cornered neither the United States treasury nor the debtor could put silver in competition with it. They must go to the men who have the gold and get it and submit to thelr terms. A corner on gold could not, as it does now, seriously threaten the credit of this nation if silver was in competition - with gold as primary money. How long 18 our reserve stock of gold to last? How are we to replenish it? There is only one way—that is to borrow from those who have it, and that means England, and that Is what we are doing. But how are we to pay these debts to England? It is in this way: Restore silver, put it in com- petition with gold on a ratio of 16 to 1; re- peal all laws allowing a discrimination be- tween the two metals; stop gold notes from belng taken. Put silver in competition with gold as quick as possible. Where gold con- tracts does not exist silver will BO at once nto competition with gold and this will take some of the demand off of gold. To that extent it will lower the value of gold. The extra demand for sllver will raise its value, When a great government like the United States says: “‘Here Is equal change, 16 to 1, gold for silver,” a man in France is not golng to part with his silver for gold unless he gets that much for it, unless he gets as much for it as the United States Wil pay for it, less the cost of exchange. So that when a government is big enough to take all the silver in the world, If it wants to test its capacity, a demand Is cre- ated by an influence that s able to sustain that demand, so that a man nowhere in the world 13 golng to sell his silver for gold for any less than he can get for it in the Un'ted States. But we will not have to go it alone. We would start with the western hemis- phere, with China and Japan on the cast- ern hemisphere, and with France with the United States. PROF. LAUGHLIN REPLIES. Prof. Laughlin, replying for the negative, said: Apart from the .well understood use of money as a medium of exchange, money is used like a common denominator of value with which other articles are compared. As a measure of value it serves in a similar way as a quart cup may serve as a measure of capacity, and as there is not needed a sepa- rate cup for every quart of milk in existence, n0 one can measure bundreds of thousands of varieties of goods by comparing with the same standard of measure. There Is no need of an amount of money equal to all the goods in existence. The measure of value is that in which prices are stated and debts are vaid, provided the measure of value is also made a legal tender in any country. It is evident then that the quantity of measures is not o material as the unvarying stability of the standard of measure. There Is no more essential reed of an increased ‘arnount of measure with which to compare goods than there is or should be a number of yard- sticks equal to the number of yards of cloth in a stere. The absurdity of supposing that much money is required in order to have scmething with which to measure goods is as absurd as to suppose a community must have hearses in number equal to the popula- tion. One or two well regulated hearses may do the work of burying all the community because they may not inconvenlently all die at the same time. So with gold. All goods are neither exchanged at the same time, nor are they offered in cemparison with the standard at the same time. NECESSITY FOR MONEY, What is important to point out goods, ~ when expressed in terms of a common denominator of value, are daily exchanged in enormous quan- tities, mainly wihtout the use of any money. For the exchange of these goods, therefore, money is not needed in proportion to the transactions. This function is that of the medium of exchange. The necessity of an increasing quantity of money is growing less {mportant® with the development of this system of exchanges. From 92 to 95 per cent of transactions are performed by this ma- chinery, without the use of money, and re- cent inyestigations made by the comptroller of the currency show that G4 per cent of retail transactions are similarly performed without the use of monmey. But some one is that 1873, f\ll by operation of section 13 of the act of that year the mints were closed to the unlimited colnage of that metal. Hence, when sllver now seeks the markets and e havsts the demand supplied by the arts and manutactures and the small purchases of the government to coin it into token money, the demand for it ceases. . Gold has an unlimited demand. Silver has 4 limited demand. Silver is now a commodity to be measured in gold. It is an object to be - gored and kicked by bulls and bea We ‘would give silver the same privileges gold. Restoring to It this unlimited demand would cause the value of silver to rise as compared With gold. This is what we want; this is might say: “This vast system of currency must be liquidated in actual coin and money, %0 our business system rests like an nverted pyramid on the vortex of a small reserve of coin.” Now this is wholly untrue. Weyex- press the value of goods in' terms of money, but then we really exchange them almost e tirely by means of the deposit currency. The transactions expressed in terms of money are based, not upon coln, but upon the goods bought and scld. ‘The system, therefore, is as broad as the transactions and is ultimately resolved into goods and is based upon goods. The transactions In goods are the reason for the existence of the checks and deposits. SILVER MEN ARE CONFIDENT Encouraged by the Action of the Prussian House of Lords, CALL FOR A CONFERENCE EXPECTED SOON Enough Votes Already Pledged to Pass the Murbach Resolution in the Relch stag—Cabinet Minlsters Favorable. BERLIN, May 17.—The Bundesrath is now considering the resolution calling upon the German government to take the _initlative for a conference for the international use of both gold and silver, which was passed by the upper house of the Prussian Diet yester- day. It Is expected the Bundesrath will coin- clde in the motion and will ask France and America, or all of them, to join in a call Next week the Relchstag will also pass a slmilar resolution. The bimetallists have al- ready received 206 signatures in the Reichs- tag, which will give them an absolute ma- Jority in that body. Count von Mirbach, who is the author of the resolution adopted yesterday and is the leader of the great agrarian Interests, was asked by a reporter of the Associated press for an expression of his views on the battle for bimetallism. Speaking of the action in the upper house of the Prussian Diet yester- day, he sald: “It was the first time that the Prussian House of Lords has ever disavowed the advice of the chancellor and instructed him, how to act in the Bundesrath on behaif of Prussia. Chancelor von Hohenlohe is slow and conservative and Is wedded to the old gold idea, but Freiherr von Marshall, sec- retary of forelgn affairs; Count von Posa- doski, secretary of the imperial treasury; Herr Hammerstein-Loxton, minister of agri- culture, and General Bronsart von Schellen- dorf, minister of war, are with us, as is also the entire agricultural interests. Those en- gaged In duties dealing with the silver coun- tries also, and the whole of the centrists, are bimetallists." Baron Manteuffel, the conservative leader, was also asked for an expression of his views, and he corroborated the opinion ex- pressed by Count von Mirbach, Dr. Otto Arendt, who is the editor of the organ of the bimetallists, the Deutsche Wochenschrift, was next seen. He sald: “The chances for bimetallism are better now than ever. The government is confronted with the alternative of calling the conference or of encountering a conflict with the entire right. The decision of the Prussian House of Lords has amazed political circles.” Chancellor von Hohenlohe was last seen and asked to express his views. He said: “I have nothing to add to the declaration I made yesterday In the upper house of the Prussian Diet, that the government would submit the silver question to further action in connection with the federal governments, and was also willing ultimately to meet the other powers and to discuss the measures to be in common. The Bundesrath will forth- with consider the resolution of the Prussian House of Lords, and if their decision upon it is favorable, the conference will soon be called.” TEREMS OFFERED TO NEWFOUNDLAND. Leglslature at St. Johns Likely to Reject Them Unanimously, OTTAWA, Ont, May 17.—Hon. G. E. Foster stated before the House of Commons the terms of the confederation which the Dominion had agreed to at the conference between the Canadian and Newfoundland gov- ernments. The terms are as follows: 1. Canada s willlng to assume the present debt of Newfoundland, $10,350,000, which is equal to $50 per capita of her peopie. 2. Canada will pay as yearly allowance for legislation $50,000, a subsidy of 80 cents per head of her population, up to 400,000 (which at present dmounts to $65,000), the payments to be made on the population of each. decennial census after union; allowance for crown lands and rights of metals and minerals and timber therein and thereon $161,000; total, $650,600. 3. Canada will maintain all that class of service in Newfoundland which falls under the head of general or Dominion service, these comprising: Governor's salary, cus- toms, excise, savings banks, pubMe works (of & Dominfon character), crown lands, ad- ministration of justice, postoffice, steamship service, marine ‘and light houses, fisherles, penitentiaries, weights and measures and gas inspection, arts, agricultural and stat'stics, quarantine and immigration, insurance in- spection, geological survey. {. Canada is to maintain In regard to the steamship services, passenger and mall com- munication in at least as efficient a manner as present. 5. In lieu of expenditure for myilitia in Newfoundland_and until such time as Par- llament may deem it necessary to introduce a more general militia system, Canada will grant $40,000 annually toward the mainten- ance of a police constabulary, this force fo be at the disposition of the Dominion govern- ment for use anywhere in Canada in case of emergency. ST. JOHNS, N. F., May 17.—The terms offered by Canada to induce the Newfound- land government to enter the Dominion are %0 unsatisfactory it is expected the legisla- ture will unanimously reject them. The whole proceedings of the Ottawa conference have been tabled. But for the necessary legal formalities they would have been thrown out. IN THE INTEREST OF BEET GROWERS, SI\'GLE COPY FIVE CENTS ——t FIELD WELL WORTH ©vERIvATING Far East Now the Most ira"n. One for American Enter #is#, WASHINGTON, May 17.<Odfisul General Jernigan at Shangbai, Ching, Bevotes some space In a report upon the fobélgn trade of China to a quotation from the report of 1894 of Mr. Kopsch of the imperial Chinese cus- toms service. The latter says that there is no indication of recovery from the retrograde movement in the staple articles of Import from gold standard coudtries. Thfs he cribed to the appreciation of gold enhanging prices and curtailing demand, 'which also characterized the trade of 1893. Of the ex- port trade Mr. Kopsch said: “‘Steadier but lower exchange benefited ex- ports and enabled shippers of Indian produce to lay it down In gold standard countries at unparalleled low cost.. Several articles now find market abroad which did not formerly leave China, and the present high price paid for gold bars entitles that commodity to rank after tea and silk in aggregate value of any article enumerated in the table of export Commenting upon this, Mr. Jernigan says: “It certainly can not be expected that the consumption of foreign fabries will attain to the level recorded when the exchange was high, unless the gold value of silver im- proves and tael prices are thereby reduced te rates within the means of eastern consumers, It Is true-that the Imports sbow an increased value of 10,740 tacla over 1893, but in a great measure the value of these was enhanced by the further appreciation of gold.." Mr. Kopsch is quoted upon the subject of importation of plece goods, in which he says the exports advanced insignificantly, but not sufficiently to show “that the falling oft caused by the appreciation of gold had been arrested.” Other reports show that the sale of Man- chester goods has been restricted, though the demand for supplies has created a slight abnormal demand. The North China Daily News, an English journal, commenting upon the report of Mr. Kopsch, says the export trade in all branches is benefited by the low rate of sterling exchange, and that under existing conditicns there every prospect that Chinese wool, “when impfoved In quality may become a formidable rival to the Austra- llan product, as the wool growing resources of China are still undeveloped, and with sil- ver at the present, price China would defy competition from all gold standard coun- tries," Continulng, the News speaks of the tea trade, saying that it has proved very re- munerative, “for though a higher price has had to be paid here than in 1893, the fall in exchange covered this, and as there was no corresponding fall in gold prices in Eng- land and the United States the trade in China reaped the benefit.” . Speaking of other exports the News says there has been an increase In raw white silk, a falling oft in yellow silk, while that of refuse silk surpassed all reeords. Straw braid trade continues to expand. Exports in other directions have impresed. The value of the gold exports amonted to 12,744,- 000 taels, equivalent to £2,044,035, which is far in excess of the previous year, due to the disposal of gold holdings, which the high price leads the holders to dispoSe of. The import of sllyer bullion was 37,120,000 taels, against 20,687,000 taels n 1893, Reverting to particuldr ports, Mr. Jernk gan comments upon the effsgt of the war upon Chinese trade. ' It appears that the Chinese flag has practically disappeared from the port of Shanghal, many vessels of the Chinese merchant fleet being transferred to a foreign flag. The number of: ships have immaterially decreased, but the fonnage has slightly Increased. The exportation of gold has decreased, but a large amount of silver bullion remains in port suj 6@ to be the result of war loans and subgdfes.” The same general conditions in trade ‘appesr at other ports, but only forelgn. ships enter Tien Tsin. There has been'a decline at the ports of Formosa. There was an increase of im- ports at southern ports. Mr. Jernigan closes his report by urging closer and more favorable trade relations be- tween China and the United States. He speaks of the favorable impression which the six modern war vessels flying the United States flag in Chinese waters has produced and American residents have felt secure. He comments upon the fact that in China and Japan there is not published a single journal under American Influence, while the leading journals are under British Influence and advocate British interests. He adds that newspapers under American influence could do much good. He suggests a paper of this kind at both Yokohama and Shanghai. JUSTICE FIELD’S GREAT AMBITION, e Hopes to Remaln on the Napreme Bench Stilt Another Year. WASHINGTON, May 17.—Justice Fleld will next Monday. celebrate the thirty-second anniversary of ‘his entering upon the duties of a member of the United States supreme court. He was appointed to' the office on March 10, 1863, by President Lincoln, but did not assume the duties of the position until the 20th of May fallowing. He was at the time of his appointment chief justice of the supreme court of the state of Califor- TENEMENT HOUSE COLLAPSED Workmen Had it Up on Timbers Building a Btory Underneath, PITCHED FORWARD INTO THE STREET Three Porsons Instantly Killed and Eleven Injured, Some of Them Fatally— Firemen Cleared Away the Ruins. PROVIDENCE, R. I, May 17.—A two and a half-story wooden tenement house, owned by Joseph Le Moine and occupied by several French familles In Coventry, in that part known as Jericho, seven miles from this city, collapsed this afternoon and three per- sons were killed and eleven injured. It is thought that two of the latter are fatally hurt. The bullding had been raised to per- mit the bullding of another story beneath It. The killed are: Mrs. Mabel Guertin, 50 years old, occupant of the house; Asa Aldrich, 55 years old, workman employed In raising the house; 2i¢-year-old child of Louise Le Moine, occupant of the house, The injured are: Mrs. Joseph Le Molne, aged 70 years, crushed, bruised and inter- nally Injured, probably fatally; Noah Rich- ards, workman, scalp wounds, side crushed, injured internally, probably fatally; Mrs. Louise Le Molne, 35 years of age, seriously injured about the head; Fred Blatch, 10 years old, scalp wounds, unconscious; Frank Le Moine, 18 years old, leg fractured; Joseph Le Moine, 85 years old, serious contusion; —— Gosselln, 10 years old, scalp wounds, shoulder crushed. Two children named Gauinere were also Injured; one, & boy, was cut about the head, the other, a girl, frac- tured leg. The buflding was about fifty feet long, with a frontage of twenty feet. The lower por- tion was formerly a store, and the owner recently dec!ded) to raise it twenty feet and use the lower stories for tenements., The two families in the upper stories did not move out. About 4 o'clock this afternoon, while the men were working at the underpinning, the building, without warning, slid off, the piles on which it rested, and pitched end- wise into the street, striking the ground with a terrific crash. As it was split and emashed into a mass of kindling wood, there rose from the ruins cries of the Injured and dying, and the passersby and others at once began the work of rescue. The Centerville fire department was sum- moned and rendered valuable assistance in tearing away the debris. An alarm was rung upon the mill bells, and oon thousands had gathered at the scene. Meanwhile the rescuers were tearing apart the mass of splintered beams and boards and soon came upon the body of a woman lying in the street under the second floor. It was crushed al- most unrecognizable, but from the clothing it was i{dentified es that of Mrs. Guerteine, a widow, who lived on the second floor. A short distance away, the body of a child was found. The neck was broken and the lower parts were badly mangled. Half an hour later, the body of Asa Aldrich of Arctic Cen- tre was found. His back was broken and his head cruehed into pulp. ~ Aldrich was in the act of moving a heavy Jack under the buld- ing when it startef on its downward plunge. Mre. Joseph Le Moine, wife of the owner of the building, and Noah Richards, a workman, were taken from the ruins so badly fnjured that they will die. Half a_dazen' others, .in- cluding several children, who had been play- ing about, were injured. ekt R THE LEASE OBJEOT T0 SYSTEM Wyoming Penitentiary Manigement Belng Investigated by State Officl LARAMIE, Wyo., May 17.—(Special)—Af- falrs at the Wyoming state penitentiary in this city are In a somewhat tangled condi- tion. The lately appointed warden, N. D. McDonald, and Miss Nellle Marsh, who i in charge of the institution, as the repre- sentative of her father, James Marsh, the lessee, are having a controversy to decide which of them Is in charge. McDonald recently dismissed an employe and appointed another in his place. To this Miss Marsh objects, claiming that the warden -has no authority to dismiss or hire employes. The warden,” on his part, complains that the food furnished the prisoners by the lesses is unfit to eat, and that spoiled meats and vegetables aré purchased for consumption at the penitentiary. An inspcetion of ths affairs at the penifentiary Is In progress by Governor Richards and State Treasurer Hay of the board of charities and reform, and Attorney General Fowler. The situatfon is complicated by the fact that the present lessee has a fifteen-year contract, made by a previous state administration, for running the penitentiary. There I8 a strong feeling in favor of nuliifying Marsh's contract on account of the unsatisfactory manner of conducting affalrs at the penitentiary. It is further claimed that at the time of the glving of this contract to Marsh a state offi- nla and he desired to finish the business clal, who was a member of the board which had been begun in that court before transferring his labors to a new field. The elghty-second anniversary of his father's birth also fell on the 20tk of May, which was another reason for selecting that date for be- glnning his services in the national supreme awarding the contract, was interested in it. During the past year four convicts, two of them murderers, have escaped from the penitentlary. One of them was John Tre- goning, the rhurderer of George B. Hender- son, a wealthy stockman of Cheyenne. The present state officials are determined to court. Counting from the date of his ap- pointment only three justices have been remedy the abuses, and unless the lessee can, by force of law, hold his contract, some longer on the supreme bench than Mr. Flelds. These were Justice Marshall, Justice Storey and Justice Wayne, Chlef Justice Marshall's term covered thirty-four years, five months and five days; Justice Storey thirty-three years and nine months, and Justice Wayne's thirty-two years and five months. When Justice Field went on the bench Judge Taney was chief justice. He has therefore served with four different chief radical changes wili at once be made. Cheyenne Cltizens Getting Even. CHEYENNE, May 17.—(Spcclal)—A com- mittee of three merchants of this city has been appointed by @ business mens' meet- ing to ascertaln whether or not the Unlon Pacific company s fulfilling its contract made with the city in regard to working the shops here. It Is claimed that the town ‘what we would do. We would again make the standard silver dollar the unit of value s it befcre 1873, It would thus be a dollar, and the bullion in it would be worth a dollar, as the number of grains of bullion in a dollar would have the right to walk into the mint and be coined into a dolar. No man ‘Wwould take less for it when he could have it colned at pleasure into a dollar. We would make gold coins of the value of so many The checks and deposits are not the reason for the existence of the transaction. The redemption s ultimately In goods, and not in coin. Coin only Is a means of going from one set of goods to another. DEPRECIATED ONE-HALF. Prices since 1578 have not fallen because of the lack of money. Silver has fallen about 50 per cerlt, as compared with a very silver units or dellars, as the law existed prior to 1873, Silver is the people’s money Gold was and is the money of the rich. This was to be a government of the people, and the people's money was to be the most favored. Twice when the commerelal ratio between the two metals made it advisable o change the legal ratlo, the change was made by recoining the gold coins. This was in 1834 and 1837 The spirit of our fore- fathers then lived in their sons. No change was ever made fu the quality of pure silver in the silver unit. There was to be no two yardsticks. The rich man’s money—gold— was recoined when the commercial ratio in- ferfered with the legal ratio. This is the law we would re-enact. We would make Doth legal tender In the payment of all lebts. We would allow no discrimination to be made between the legal tender character of the two metals. We would allow no private individual | to dictate to the govern- modest fall In the price of commodities. Sii- ver does not have the same purchasing price in 1894 as in 1873, Hence, free coinage can- not be urged as a just means of paying debt. More so-called redemption money by. the amount of $1,092,000,000 is in existence today as compared with 1873, and yet prices have fallen, and silver has fallen still more. Prices unmistakably have fallen because of the cheapened cost of production. Since we undertook the purchase of silver in 1§78 it has fallen about one-half in value, although we have purchased ahout $600,000,000. It:is perfectly evident there is no use of the United States acting alone to bolster up the price of silver when we have failed, even in_concert with the Latin union. Free coin- ago of silver at 16 to 1 means the single sil- ver standard or sliver monometallism. Tod the market ratio between gold and silver 1 nearly 34 to 1. Tle free coinage of silver under such con- ditions as exist today would not mean the Measuro to Change the Taxation of Sugzar in the rman Relel ag. BERLIN, May 17.—The long expected de- bate on the proposed changes in the taxation of sugar with the view of affording relief to the sugar growers of Germany was commenced in the Relchstag today. The secretary of the imperial treasury said that the bill was not brought In in the luterest of the sugar manu- facturers, but. in ‘the Interest of the beet growers. Its rejection, he added, would in- crease the agitation now existing among the agrarian classes. Continuing, the secretary sald that the government had gradually re- duced the bounties on sugar and contemplated their_entire repeal, but so long as other states continued to grant. bounties to ex- porters Germany could not'be without them or her trade would be supplanted. CARAGUA PAYS TIE SMAKT MONEY, fad Several Days Yet Kemaining tn Which to Make the Agreement Good. LONDON, May 17.—In compliance with the agreement under which the British men-of- war were withdrawn from Nicaragua on con- dition that the “smart” money demanded by Justices, It s sald to be Mr. Pleld’s ambition to ex- is being discriminated against, %o far as the employment of men in the shops 1s con- cerned. Other towns with smallcr shop tend his term so as to make it the longest on record, and he bids fair te be able o accomplish the result, notwithstanding he is now almost 79 years old. He admits, when the stories of his intended resignation, which are quite regularly carried to him, that he hopes to remain on the bench at least one year longer. Justice Field has already made known his intention of going to the Pacific coast, where his circuit is located, during the coming vacation of the suprenie court as has been his annual prac! Jth comparatively few exceptions ever iA_ appolntment, notwithstanding the law visits to the circuit only once every two years. . INCREASE IN INTERNAE KEVENUE, Past Ten Months Show Amprovement Over the Provio IM'i«-wp WASHINGTON, May 1A treasury state- ment of the receipts frgm liternal revenue during the ten months d@ April 80, 1895, shows a net increase of $1,511/724 over the same perlod in 1894. The amounts of the receipts from the several sources of revenue during the last ten months are given as fol- lows: $69,356,518, increase $420,385 tobacco, 78,986, increase $993,743; fer- plants have larger forces. When the shops were built the city incurred an indebtedness of $50,000, vacated a large number of streets. furnished the company free water and made other concessions in return for which the company agreed to invest a certain amount of capital in_shops and to employ men to work them. For the past year the shops have been almost deserted, while those in other towns have been worked to their usual capacity. The citizens of Chey- enne now propose to learn the exact status of the town with the company. Opening New Wyoming Mines. RAWLINS, Wyo., May 17.—(Special Tele- gram.)—W. J. Crane from Arlington, Neb., president and general manager of the Inter Ocean Mining company, came In from the east yesterday, bringing with him several men and teams and a car load of supplies, He leaves tontorrow for West Spring creek, about forty miles southeast, where his com. pany owns a large amount of placer ground which Crane estimates will run about cents per cubic yard in coarse gold. A bed rock flume of several thousand feet will be ut in at once and active mining operations egun_early in midsummer. Mr. Crane is also interested in Jack Creek placers, where a large amount of work was done last sea- gon. The company he represents are all Nebraska capitalists, except J. G. Rankin of this city. what its legal tender money coneurrent -circulation of both gold and sil- Great Britain for the expulsion of Consul be. We would give the op- Hateh be paid in London within fifteen days, Unton Pacific Wins a Case, tion to the debtor If there was any prefer- ver. It would mean the immediate adoption the money was yesterday covered into the CHEYENNE, May 17.—(Special Telegram.) of the. single silver standard. Free colnage ence as to which of the two he would use in the payment of a debt. RESTORING THE PARITY, of silver would not increase the' quantity of money. Since gold must be inevitably driven out, the free colnage of silver would result treasury of Great Britain in behalt of Nicaragua by Senor Chrisanto Medina, min- ister to London for Salvador, who las scted mented liquors, $24,884,124 oleomargarine, $1,261.938, dect miscellaneous, $498,278, total income tax recelpts to ( dal The increases and d ompared with April, 1894, are given —At the close of evidence for the plaintiff in the suit of John Hartley against the Union Pacific for $10,000 damages, sustained In & diminution of the quantity of money. for Nicaragua throughout the episode just by the death of his' brother, while in the A break In the commercial parity causes Spirits, decrease §760,374; tobacco, the chesper metal to be used. This incresses May 1, 1895, the official reports of the gold closed. Nicaragua had until May 20 to increase $42,108; fermented liquars, imcrease company's employ, Judge Riner Instructed clrculation are $508,000,000. To adopt free the indemnity under the terms of $249,712; income tax, increase $44,506; oleo- the jury to bring 'in a verdici ior the de- e the demand-for the cheaper metal. This In- ereased demand reetores the value of the mefal that had thus fallen below a parity #nd brings it back to parity. To give the optlon-{o the creditor causes the dearer metal 10 be demanded, and it thus grows dearer and dearer and @ parity s permanently « broken and the gap grows wider and wider. When the debtor has the option the two melals will oscillate close to a parity. Tbis liation is the elasticity that bimstallism :::.m primary money. It one becomes the ather is used. If one is cornered other takes its place. Rither answers t system died ancestors. Selfishness stalked into : ey .l s whea - colnage of silver at 16 to 1. when the market ratio is about 34 to 1, would mean the in- stant.retirement from circulation of rnearly $600,000.000 of gald eirculation. EFFECT ON THE LABORER. As free coinage of silver would ine result n a riso of prices, so it medlately result In @ fall of wuges. Its fir effect would be to diminish the purchasis ower of all our wages. The man who gets 500 or $1,000 a year as a fixed rate of wages or aslary will find he can buy just half much as now. It bas been one of the un- disputed facts of history that when prices rise the wages of labor are the last to ad- vance, and when prices are the first to decline. SPANISH SHIP LOST IN A TYPUOON, Steamer Gravioa Sank and All but Two on Board Were Drowned. LONDON, May 17.—The Spanish steamer Gravina, bound from Antwerp for Lisbon, was lost oft Capones during a typhoon, and only two of those on board were saved. Storms on the North ¥ea. THE HAGUE, May 17.—A severe storm has been raging along the Holland coast for several days past. The sluices have been closed. Large tracts of country, however, have been submerged, and the peasants in other districts have prepared to move their cattle and effects, margarine, decrease $26,619; miseellaneous, increase $12,107, i The decrease in the Feceipts from, the tax on whisky during the last month was §73: 761 During the month of August and Sep- tember of the present fiscal year, the re- celpts were about $15,000,000 in excess of recelpts for the same period of {he previohs ¥ Today' taty nt shows that about $13,500,000 of this tsurplus has been wiped out, Cotton Ml Burned Down. METHUEN, Mass,, May 18.—Fire broke out in Clouls cotton mill about' 1:30 a. m. and in spite of the combine] efforts of the departments of Methuen and Lawrence, from where aid had been sent, th¢ bullding was burned to the ground. The loss wiil be beavy fendant, the plaintff not having made out a case. Dome Lake Stocked with Trout. SHERIDAN, Wyo., May 17.--(Special. Dome lake, thirty-five miles from this city, was stocked with 60,000 young trout Batur- day. The fish were brought 100 miles by rafl from the state hatchery 'at Laramie, with the loss of not more than a dozen. The location where the fish were planted is one of the finest in the Rocky mountains. Deed of n Demented Woman. CHEYENNE, May 17.—(8pecial Telegram.) ~Nora Haley, an unmarried woman of 40, committed suicide here this morning by locking herself in a closet, pouring kerosene aver her clothing and setting fire to it. She was tlally demented over the refusal of her sister, who Is In good circumstances, to support her. THURSTON RIFLES FINISH WELL Mado Thelr Nest Showing In Yesterday. MEMPHIS, May 17.—-The weather last night was of a kind to try the fortitude of the soldiers at Camp Schofield, but they stood it bravely and there were cases reported for the hospital this morning. Since 8 .o'clock the temperature has risen slightly and the sun has come out, making a more cheerful prospect. This morning there were exhibi- tion drills by all the United States troops in camp, under command of their lleutenants, and practice drills by the companies that take part in the competition this afternoon. This was followed by Inspection of the differ- ent company quarters to decide the discipline prize. The event of the forenoon was the arrival of company B, Uniformed Rank Union Veterans, from Arlington. They were met at the depot and escorted down town by the Morton cadets of Washington, D. C., headed by the band of the Third United States cavalry. Among the veterans were several stumping along on wooden legs, but keeping thelr places in line. The procession was greeted with great cheering along the whole route. Competition In the Interstate drill wi closed at oMntgomery park this afternoon, when the four remaining companies in class Class A A contested for the $3,000 purse. The first to appear were the Morton cadets, the young company from the national cadets which created such a favorable impression by thelr drill in class B. That these boys are rea- sonably sure of a first prize in the three classes in which they are entered Is conceded on all sides, They were followed by the champions, the defenders of the Galveston cup. The Fenc bles got through with six minutes to_ spare, but it was then found that Captain Domer, in turning the leaves of his program, had skipped one, omitting a number of movements, During the six minutes re- maining the company executed a number of their movements in double time, but the Judges did not score them, and the effect of this unfortunate oversight' on the Fencibles' score s an open question. They the Seeley Rifles of Galveston, a great favorite, marched on the field and com- pleted the program in fine style, with seven minutes to spare. They are strongly touted tonight as baving an excellent chance for first prize. The Thurston Rifles, competitors in three classes, made their best showing in class A today. ' Captain Scharff got through the pro- gram laid down for him and exhibited some fine skirmish drills for the benefit of the Judges and the crowd. Tomorrow s veterans' day. The only Chickasaw Guards, ex-champions, will drill in Upton tactics agalnst two companies of confederate veterans, Lieutenant General John M. Schofleld, ac- companied by Colonels Sanger and Schofield of his staff and Mrs. Schofield, will reach this city in the morning. The general will review ‘the troops Monday afternoon, after which he will proceed on his journey to the southwest. MEADE ATTACKED HIS HOST, Entertalned by Minister Hazolton, Whom e Declared Was Druok. NEW YORK, May 17.—B. B. Smailey of Vermont, who is Minister Hazelton's backer in the present trouble which the Venczuelan minister is having, owing to Admiral Meude's charges, Js at the Fifth Avenue hotel. Mr. Smalley hus been in Washington looking after the interests of his friend. He is now on his way home. Speaking of Hazelton's case he sald: “I understand that Admiral Meade has accused Minister Hazelton of being intoxicated. I wi not thero at the time the offense was com- mitted, and it has narrowed down to & ques- tion of veracity between the two men. I will say this—you cannot make uny person in Vermont belleve that Mr. Hazelton is in the habit of getting drunk. I have known Mr. Hazelton for twenty years and I can truth- fully say that 1 never knew of his taking a drink. T must confess that I don’t understand Admiral Meade. I don’t know whether he was theré as an admiral or as a spy, but it seems very strange togme that the admiral, after being entertained by Mr. Hazelton as s guest, should have hurried around and made charges against him. “I don't know what disposition will made of the case. Mr. Hazelton met Ass ant Secretary of State Uhl and had a talk with him. Just before 1 left Washington T got a long telegram from the governor of Vir- mont in the interest of Mr. Hazelton. Others are at work and we hope to help him through.” WASHINGTON, May 17.—It s stated at the Navy department that the Meade case stands where It did, without any change, since the action of Saturday, when the secre- tary made a statement of the case, anl the permission to Admiral Meade to go abroad was revoked, BRINGING Was be TnE REDS TO TERMS Yuaukton Indians Heing Deprived of Thelr Anclent Rights. SIOUX FALLS, 8. D, May 17.—(Speclal.) —In these dispatches a few days since was chronicled the news of the institution of the first bigamy case ever brought against an Indlan. Now comes the news of a noble red man getting a divorce. This fact Js not 8o strange, only that the decree was granted by a 'judge of the state clrcuit court, Since the ratification of the treaty with the Yankton Indians, whereby the lat- ter gave up the lands to the government with the exception of the land taken in severalty, the Yankton Indlans have been citizens "of the United States and of the state of South Dakota and are therefore amenable to the laws of the state. Judge Smith granted the divorce to the Yankton Indian, Little Elk, sergeant of the Indian police on the Rosebud agency, has been arrested for bigamy. He Is the second red ever arrested on this charge and the threat made by the authorities at Washington that the practice of the reds of having any number of wives must be stopped is apparently being executed. Little KIX gaye the $300 ‘bonds requir:d by the commis- sloner. A squaw from Pine Ridge, accused of assault with intent to kill, was bound over to the United Statés grand jury in the sum of $30), which she furnished. James *McKloskey, a buck Indian Rosebud, has been arrested for cattle ng. from steal Death of ¢, (. SIOUX FALLS, 8. D, May 17.—(Special.) C. C. Carpenter, cashier of the Dakota National bank of this city, died at Albion, N. Y. today, where he wént a few weeks since ‘on a Visit to relatives. He was o= of the strong financiul men of this city, Bullding Ass olation Organizsd. RAWLINS, Wyo., May 17.—(Special Tele- gram)—The Carbon County Bullding asso- clation was organized tonight, with ex-Goy- ernor John E. Osborne as president, Clark £, Dodge viee president, DT, Duniap sec: retary and J. Kl ‘'ord treasurer, el Found Floating In the Missouri. ATCHISON, Kan., May 1 5—(8pecial Tele- gram.)—Tho body of & woman, 19 or 20 years of ege, was found in the Missourl river, at Towa Point, Doniphan county, Kan., last even- ing. The body was very well dressed, the shoes being expensive and the stockings heing silk. The woman had evidently been very good looking. No marks of violence were found upon the person. It was thought the body had been In the water three weeks, as the hair was dropping from the scalp. Curpenter, el Cold and Suow 1o Englaud. LONDON, May 17.—Cool weather ac- companied by snow Is reported from varlous parts of England and from the continent, — ——— Movements of Ocean Steawors, May 17, At New York--Arrived—Wittekiud, from Bremen; Normannia, from Hamburg; Thing valla, from Stettin; Dania, from Hamburg. At’ Genoa—Arrived—Kalser Wilhelm 1L, from New York. At Hamburg—Arrived—Bohemia, from Bal- timore. At Queenstown—Arrived—Indlana, from Philadelphia, for Liverpool. At London—Arrived--Ontario, from New York. At New York—Arrived—New York, from Azura; Cufie, from Liverpool, | succeeding OMAHA ANDDUBUQUE AGREED Only Two Sohools Acoept the Proposals Made by the General Assembly. OTHER SEMINARIES DO NOT WANT CHANGE Lengthy Report Presented to the Genera) Assombly of the Presbyterian Chureh and the Appolatment of Auothor Committeo Advised. PITTSBURG, May 17.—The Presbyterian general assembly surpassed fitself this yesg in bringing Important business quickly to the front. It is unusuak for a matter of such widespread Interest as the control of the dencminational seminaries to come to the fore within twenty-four hours of the delivery of the opening sermons, The questions at issue have not yet been decided, but the dis- cussion bas begun, and it is to be continued tomorrow without fnterruption until the end Is reached. The report was read this morning and an interval of three or four hours glven for its perusal and digestion. In the after- noon an hour and a half was given to debate. Three speakers took part in it and at the close an attempt was made to set aside a time for the decisive vote, but it was not adopted. Its effect would have been to limit the time of each speaker to ten minutes, Tomorrow the debate will wax hot and the fur will fly. The opening speech will be made by Hon. E. B. White of Columbus, O., the newly elected president of the directory of Lane seminary at Cincinnatl, which re- Jected the attempts of the general assembly to gain control of its funds for the purposes of the church. Dr. W. L. Mowan of Pittsburg, for the com- mittee on arrangements, dellvered an address of welcome, in which he spoke of the synod of Pennsylvania being the largest in the church and alluded to the fact that it has more members, sends out more missionaries and contributes more money for thelr support than any other Presbyterian synod. He then presented the moderator with the gavel made from wood from the holy land Moderator Booth then responded respecting the gavel with a pleasing addriss, The rest of the session was then taken up and the standing committees were announced as far as they have been made up. When th report of the committee on seminary control, ap- pointed by the general assembly of 1804, was announced every commissioner was in his s:at | and there was great Interest manifested, as no one was given an Idea beforehand as to the nature of the report, The report was read by the stated clerk, g REPORT ON SEMINARY CONTROL. The committee was constituted as follows: Ministers: Willlam C. Young, D. D.; Sam- uel A, Mutchmore, D. D.; Charles T. Hale; D. D.; Alexander G. Wilson, D. D.; William A. Bartlett, D. D, orge D. Baker, D. T John Dixon, D. . Ralston Smith, D, I Richard 8. Holmes, D. D. Elders: Thomas. McDougall, Samuel A, Bonner, John J. Me- Cook, “David WIlls, ' George H. Shields, Charles Geddes and John Heebner. During the year Judge David Wills of Gettysburg, Pa, 1. The committee held two meetin one at Saratoga, N, in August, 1894, an one at Pittsburg, May 14 and 15, By gubcommittees it has held confer- e# with the follo seminaries: Two with the Princeton by 8; two with the M Cormick boards, and with each of following: Aubur estern, Lane, Da San Francisco, Newark and Lincoln sities. Tmmediately after-the meeting of the committee at Barato) it address a letter, through Its chairman, to each of its seminarie and the answers recelved are appended to thig report. At the sald conferences the committee, in expressing the meaning und effect of the recommendations, said that “A" (which Is as follows: That all of their funds and property, subject to the terms and condi- tions of existing or specified trusts shall be declared to be held by them in trust for the Prefbyterian church in the Unit d States of Amerjca, for the purposes of theologieal education, according to the standards of #aid church, and that no part of the funds and property so held shall be used for other purpose than for theologleal educa- tion In the doctrines set forth in the Stand- ards of the Presbyterlan church in the United States of America), Involved no change of title, trust, ownsrship, manage- ment or disposition of the pr y held by the various (naries, confer no_truet, ownership or power on the general as- direc or indirectly, or to its y, or conferred no right of control, nagement or interference in any way, dis rectly or indirectly, with any of the sald seminaries; that it was eimply a_a of the use and purpose for which the and property w held by the resp e eivil corrcspondents holding the same, and its adoption was to make plain that the funds anc rty of the respective civil corp re ‘held by them and them alone and exclusively for no other purpose than for theologlcal "education according to the standards of the Presbyterian church in the United States of America. CTION OF OFFICIALS, B (which s as follows: That the election of trustees, directors, or commise sioners, or whatever the bidies governin, the teaching or property shall be nam shall be subject to the approval of the next Frm‘rnl assembly, and that no election shall take effect until approved b, the general assembly; fallure of the general assembly to which™ said elections are re- ported for upproval to act thereon shall be reg: ed as approval of said elections), the committee stated that substantially the powers here fought to be conferred on the general assembly are now possessed by it over a majority of the seminaries, and that the adoption of “B" Nin#\ly made plain by charter provision and effective by charter power the right of the general assembly to protect what she thus possesses. As to “C" (which Is as follows: That the election, appointment or transfer of all pro- fessors and teachers in all seminaries shall be submitted to the succeeding general as- sembly for its approval, and that no such election, appointment or transfer shall take effect, nor shall any professor or teacher be inducted into office until his election, ap- pointment or transfer shall have b As to proved by the said general asseml ure of the general assembly, appointments to to which the or " transfers act thereon, thereof, and that all sors and teachers shall be ministers or members in_good standing of the Presbyterfan church in the United States), tho committee stated that this was in substance and in effect what is known as the agreement of 1870, It I8 in- formed that two questions as to the legality of the agreement of 1570 had been raised— one as to the power of the seminaries to make the agreement, and the other as to the powers of the general assembly, which is not a legal entity to make any such agreemen RELATING TO HERESY. As to “D" (which is as follows: That' in event of violatlon of any of the terms of sald amendments, or the misuse or diversion of the fundsor property held by them, then the general assembly shall be empowered to provide against such viclation of the provisions of sald charters, and for the en- forcement of the same, and for the protec. tion of the trusts in which sald property and funds are held, in such manner, and in the name of such person or corporation as it may direct by resolution, certified by its clerk, In any cfvil court having jurisaic- tlon over the corporations where charters are o amended), your committee stated that this conveys mo title In the property, and vests no trust in the general assembl. that it does not empower the assembly rectly or Indirectly to interfere with the title to or management, use and disposition of the funds and property of the respective seminaries, In the case of heretical teachs ing on the part of any rn-{uuor no valld action could be taken by the general assems bly until that teaching had been adjudged heretical, according 1o the constitution our church; and in case of the viglation of a charter, no sufficient remedy exists in the independent action of the civil authors sald elections are reported for approval, shall | ity, which has the rirht to Interfere, but which cannot be compelled to do OMAHA AND DUBUQUE ACCEPTED, In view of the answer of the seminaries, published in the appendix, the committes reports that Omaha and' Dubuque have adopted all of the recommendations of the gencral assembly The directors and trustees of Princeton declare that they “do not antagonize, but on the conwury cordially acquiesce and are in the fullest’ sympathy with the sen| ments of the resolutions contained in ) of the gencral assembly's committes conference with the theological em- (e to the general mbly ‘im 191, viz.: That the church