The San Francisco Call. Newspaper, October 23, 1896, Page 2

o THE SAN FRA JISCO CALL, FRIDAY, OCTOBER 23, 1869. ;————————————w CHEERS AND HISSES GREET CARLISLE Bryan Advocates Try to Prevent the Secre- tary’s Speech. But Order Finally Prevails and the Silverites Hear Some Unpleasant Words. FAVORS THE GOLD STANDARD. The Guardian of the Public Treasury Obj:cts to Debasem:nt of Na- tional Meney. COVINGTON, Ky., Oct. 22.—John G. e, Secretary of the Treasury, spoke r at Odd Feliows’ Hall in the ound-money Democracy. The ge one, but had it been ten arg would not have held those who e 1o hear the Secretary. Rumors had been circulated that-an attempt would be made to break up the There was a disorderly element ent in the rear of the hall, who hissed s Carlisle appeared on the stage. interest of hall is not The majority of the audience, however, | was in sympathy with the speaker, and drowned the hisses in vociferous cheering. The disturbers compelled the Secretary to stop several times during the-early part of his speech, but were finally quieted by .Mayor Rhinock, and with the exception of afew yells for Bryan no further trouble occurred. A counter demonstration was held by the silverites iu the street in front of the building, but it no way interfered with the meeting inside the hall. D g the interruption in the earlier part of the meeting the secretary re- quested those who did not care to hear him speak to leave the hall. Mr. Carlisle spoke as foilows: ave come here to speak in behalf of Dem- ic candidates pledged to the principles oi a Democratic platform, and my purpose is uss some of the pending political ques- om a purely Democratic standpoint. We are not Repu or Populists, or fu- sionists; we are ain, ola-fashioned modern adulterations in our doetri: or any Populistic or com- munist appendages to our organization. He referred to the fact that here in this county, when less than 20 years old, he had begun his career as a public speaker by opposing the doctrines ot the “Know Nothing party” and since that time he challenged his critics to show that he had ever uttered an undemocratic sentiment orcast an undemocratic vote. Then he proceeded to analyze what the principles of Democracy were—meaning American Democracy, not “‘that wiid, turbulentand destructive form of Democracy which has been imported from abroad and which is so nearly allied to aparchy thatitis ail- most impossible to distinguish one from *=e other.” Of the candidates of the Na- tional Democracy he said: John M. Palmer and Simon Bolivar Buckner are not strangers to the American people; they were not discovered yesterday by the be- wildered delegates to a political conventiop, hey will not be forgotten when the sound of this remarkable campaign have . They are soldiers and statesmen, the experience derived from long ce-al the critical periods in our they stand conspicuously in this law and order. for the inviolability of contra bood or ail classes of our people, for just and ¢qual taxation for public purposes only, for a sound and stable currency, snd for the maintenance of the National authority and National honor under all circumstances. In regard to the question of the regu- larity of their nomination he said: Let us inquire for & moment how far mere cousiderations of regularity are influencing the actions of our eritics in this eampaign. The nominations made at Chicago have been par- tially repudiated by the vers men who made them in & majority of the States. The Na- tional ana State committees appointed to carry on the campaign and piedges to the sup- port of both the nominees of the Chicago con- vention—to the support of one just as much as the support of the other—have in twenty- six or twenty-seven States deliberately er- tered into sirangements and combinations to deprive ome of the nominees of a large number of electoral votes and give them to sanother cendidate Dot nominated by that convention, nor by any other convention even pretending to be Demo- cratic, and yet these gentlemen have the assurance to call us bolters, and the Presiden- tial candidatc him o has countenanced snd encouraged the sacrifice of nis associste on the ticket, whose nomination wasa regular s own, t¢lls us that we ‘‘cannot get back 0 the Democratic party unless we come in sackcloth and ashes.” Gentlemen, we are not outof the Democratic party, and do not in- tend to go out or be put out. Then he discussed what past Democratic platforms had been on the financial ques- tion, contrasting them with the Chicago declaration in favor of the free coinage of silver at 16 to 1. He continued: Notwithstanding all that has been said or may be hereafter said to the contrary, we have now a distinet monetary system of our own, ireely adopted by our own lcgislation, with- out dictation from or consultation with any other nation in the world, and we have the right and power to change it or abolish it al- together whenever we choose. The question is not whether the United States alone has the power to adopt free coinage and silver monometallism, but whether, in view of our; own democratic conditions and interests and of our extensive commercial relations with other civilized nations of the worid, it would be a good policy and good faith to make sucn a redical change in our eurrency ana such a wholesale repudiation of our obligations. Itis 1ot & question of power, it is not a ques:ion of Nadionul independence, but it is a question of National prosperity and National honor, Secretury Carlisle proceeded to discuss at length the effects of free silver coinage. Its advocates advanced three distinct and whoily inconsistent propositions. Their first proposition, he said, is that free coin- age at the ratio of 16 to 1 will give the people cheap money, that it wili reduce the value of the dollar about one-haif, so that it will require about twice as many dollars to procure a given quantity of commodities as are required now. This is the high price argument and is addressed to the farmers and so-called debtor class. Their second proposition is that free coin- age will not make cheap or depreciated morfey, but will raise the value of the .silyer dollar to an equality with the pres- ent valueof the gold dollar, and, of course, it requires no ‘areument to convince an intetligent auaience that, if this is true, prices will be no higher than they are now, end producers and debiors will get no more dollars than they get now. This is the argument addressed to the more conservative classes who do not be- leve in a depreciated currency, but who have been persiaded that there is not a sufficient amount of money in the coun- try. Their third proposition, which ap- pears to be a compromise between the other two, is that free coinage will not in- crease the value of the silver dollar to an equality with the vresent value of the gold dollar, but that it will raise the value of silver up and bring the value of gold down so that the two metals will meet at some intermediate point and consequent- ly establish parity at the ratio of 16to 1. This argument is adaressed to those who are supposed to be in favor of a depreciated i s, for the independence and man- | currency, but are not yet quite ready to accept a dollar worth only 53 cents. Driven away from the advocacy of the first proposition 1n many parts of the country by reason of its.manifest and gross injustice to the laboring man, to de- positors in savings banks and -other insti- tutions, and creditors generally, and forced by the unanswerable arguments of their opponents in other parts of the country to abandon the second one on ac- count of its demonstrated absurdity they have to resort to the tuird as a compro- mise between the advocates of absolute fiatism and the advocates of partial or modified fiatism, but, the contention that the United States alone can, by the free coinage of silver, increass the value of that metal and: also reduce the value of gold simply doubles the difffculties which our opponents have encountered in this dis- cussion. % To believe that free'coinage by the United States alone would accomplish either of these results requires a faith in fiatism which would remove.mountains, but to believe that it would accomplish both exhibits a degree of credulity un- paralleted in the annals'of human affairs. Taking up in detail each of these three propositions Mr. Carlisle went on to show how the law of supply and demand and the recorded experience of the world for at least six centuries refuted each of them. The natural law on the subject, which we could neither repeal nor alter, seemed to be that when the production and coinage of either gold or silver into legal-tender money were increased in proportion to the production and coinage of the other metal, the relative value of the coins thus disproportionately added to the circula- tion decreases, and the rule was the same when the increase consisted of gold coins or silver coins. To protect themselves against the evil effects of a threatened depreciation of their money, and to enable them to main- tain the parity of their silver and gold coins already in use, Holland, France, Belgium, Italy, Switzerland, Greece and Venezuela have all been compelled since the year 1875 to suspend the coinage of legal tender gilver. Spain was forced also to stop the coinage in 1879, ex- cept on Ggvernment account, and in 1893 the Government of British India, a silver monometallic coun- try, after an_exhaustive examination of the subject in all its aspects, suspended the eoinage on individual account for the avowed purpose of preventing the further fall of the silver rupee and establishing a fixed par of exchange with London and other financial centers in Europe. But according to the free silver advocates the statesmen and financiers of all these countries moved in exactly the wrong direction, and if they had wanted to maimn- tain parity or to establish parity, they ought to have opened their mints to the free coinage of all the silver in the world instead of closing them. The increased coinage of legal-tender silver at a:ratio which overvalued that metal relatively to gold would not diminish the demand for gold anywhere or terminate the strusgle for its posses- sion, but would greatly increase the da- mand and intensify the struggle, because, if two kinds of money of thesame denomi- nation but of unequal value were in ex- 1stence, everybody would strive to get the | most valuable, and as the number of silver dollars increased their value reiatively to gold would decrease. In opposition to any such policy as that proposed by the Chicago and Populist conventions he urged that by holding fast to the best money the people would always have the best things that money could buy. Turning to other parts of the platform Mr. Carlisle said if the free and unlimited coinage of silver at the ratio of 16 to 1 were the only issue presented every old-line Democrat in the country wouia be fully justified in refusing to support the nominee of the Chicago and St. Louis Pop- ulist conventions, but it is not the only issue, and it mightin the end prove to be not even the most important one. When was it ever before declared by any conven- tion ever pretending to be Democratic that the Federal Goyernment had the con- stitutional.authority to interfere with pri- vate cpntracts between individual citizens of the same State ? ! In view of the facts that it was also pro- posed to have the Government purchase and operate all the railroad and telegraph lines, and issue paper to pay for them, that 1t was to coin at the public expense all the silver in the world, if the owners of the bullion saw proper to present it at our mints, that it was to inaugurate and maintain a system of public works, whether needed or not, sufficient to give constant employment to laborers, who were not otherwise occupied, and that it was to establish postal savings banks in every part of the country to receive idle money on deposit and pay in- terest on it, whether it could use the mouey or not, he thought it not extrava- gant to say that the people were threat- ened with a social and political revolution of the gravest character—a revolution which, if successful, would subvert the fundamental principles upon which the Government is founded, tax the private industries of the people out of existence and convert our system into a socialistic despotism. When to this extravagance and demoralizing demand was added that other revolutionary feature of tie Chicago platiorm, a subsiantial avowal of a pur- pose to make the judiciary part of the political machine by reconstructing the Bupreme Court in order to dictate its judgments upon questions of constitu- tional law, a plan of operations was pro- posed more dangerous to our institutions than was ever suggested by any party in the past. TWO KILLED AND FOUR WOUNDED. Bloody Battle in Florida That May Lead Up to a Serious War of Whites Against Negroes. CHIPLEY, Fra, Oct. 22.—A bloody battle took place here last night i» which two men were killed and four others seri- ously wounded. The trouble arose over wages. The man who did the killing was J. M. Criglar, manager, of Hagerman’s lumber-mills, while the others were laborers. The mills usually empioy a great many men and recently there has been consid- erable discontent over the wages paid. Last night the trouble culminated. The men made a threatening demonstration about the mills. Criglar fired into the crowd, killing two negro assailants and seriously wounding four others. The negroes are very much excited over the affair and trouble is feared. The white people are prepared to defend themselves and a race war is imminent. The popula- tion of the place is only 354 and is about evenly divided in color. The town ison the Louisville and Nashville Railroad, 118 miles east of Pensacola. dhms i STRANGE LOSS OF A SCHOONER. After the Captain and Crew Went dshore the Vessel Disappeared. MENOMINEE, Micx., Oct. 22.—Captain Edward McCoy, who arrived here yester- day, told a most peculiar tale of losing his schooner. He commanded the schooner Emily Taylor, which was bound from Es- canaba to Chicago, and on Sunday the trouble commenced by the steering gear giving out. The anchor was let go off Washington harbor and the captain and crew went ashore to get a tug, leaving the vessel riding at her anchor, On Monday when they returned to the spot no vessel was in sight. The captain thinks her anchor cables parted in the heavy southeaster on Mouday and that she foundered. The Taylor was owned by H. Johneon of Two Creeks, Wis., and measured fifty-five tons. e New Navy Magazine Rifics. WASHINGTON, D. C., Oct. 22.—The first instaliment of the new navy maga- zine rifles has been completed and 500 of them were to-dav ordered to the New York Navy-yard, 300 of them for the new cruiser Brookiyn and the others for the Puritan. All the ships will be provided with this small bore flat trajectory ar- rangement as soon as possible, BRYAN BESORTS 10 WILD THREATS Enraged by the Noticeable Defection From Silver Ranks. Declares That Democrats Who Desert Him May Be Left in the Cold. CANNOT RETURN TO THE PARTY Criss-Cross Route of the Boy Orator of the Platte in the Hoosier State. TERRE HAUTE, Ixp., Oct. 22.—Clear, cool autumn weather, with just enough warmih from the sun to make an overcoat unnecessary, fayored William J. Bryan in his criss-cross route through the land of lhe\flaosier to-day. Eyery town along the line of his progress to Terre Haute, where his campaign in this State ended to-night, made a holiday of hiscoming. Free silver barbecues were held at two of the places visited and scores of sheep, oxen and pigs were offered as sacrifices to the exponent of 16 to 1. From Decatur early in the morning until Terre Haute to-night Mr, Bryan was the recipient of a continuous ovation, free from any attempts to offset its significance such as were made during his journey through Ohio ana his first day of Indiana campaigning. The Indiana State Committee had ar- ranged the itinerary well. Big towns followed in close succession all along'the way. Brazil, distinctly a mining com- munity, and Crawfordsville, the home of'| General Lew Wallace, although smaller than many of the places visited, were not exceeded in wildly-demonstrative appre- ciation of the £andidate by any of the more populous cities. It was at Craw- fordsville that Mr. Bryan replied to the charge made by General Wallace that he was an anarchist. At Peru, where a great }mlltical barbecue was held, with Senator Teller, ex-Congressman Lafe Pence of Colorado, Senator Turpie of Indiana and others as attractions, he aadressed him- seif to the local defection in the Demo- cratic ranks, and warned those of promi- nence who had left the party that they might not be taken back again. Twice during the day he made reply to speeches delivered by ex-President Harrison on his present tour through this State. Three addresses from one stand were delivered by Mr. Bryan to bigandiences at Lafayette, and at ‘ferre Haute he made two before very large assemblages., Altogzether he spoke seventeen times, at Decatur, Hun- tington, _Rochester, Delphi, Frankfert, Linden, Ladoga, Rochedale, Greencastle and the other places mentioned. The Bryan day demonstration here con- cluded to-night with two speeches by the silver champion. Silver clubs and war veterans escorted him from the railroad depot, where he arrived at 8:45, more than two hours late, to the courthouse. The streets were croyded with people all along the route. At the courthouse Mr. Bryan addressed 20,000 people and then nroceeded to the Terre Haute House, where he spoke to 8000 more people. question and using familiar arguments in favor of the free coinage of silver, Mr. Bryan said: 1 believe it is claimed by the Republicans that their candidate is the advance agent of vrosperity. I think they have the wrong man; I think they were speaking of the chair- man of the National Commfittee, not of the candidate, and that the Republican commit- teeman—the chairman of the committee—is the advance agent of that peculir prosperity that comes just before the election to those who expect to make enough money in the campaign to run them until the next cam- prign comes. [Cheers.] 1f you want to know who is to be prosperous under the Kepublican administration. if the Republicans win, I beg you to go and find out who is contributing money to seeure the elec- tion. I you can find where the money comes from then you will know that the peo- ple who contribute the money expect to be prosperous for four years more, and will get back more out of the people than they spent to corrupt the people. [Great cheering.] In charge of Parks Martin, chairman of the Indiana Democratic State Committee, the Bryan special train left- Fort Wayne at 7:30 o’clock this morning for the second and last day’s run through Hoosierland. The first stop was at Decatur at 8:05, where Mr. Bryan spoke fiiteen minutes. At Markel a small number heard him, and at Huntineton he addressed a cathering of 2000 for ten minutes. The 1000 people at Laketon were mostly farmers, A political barbecue was in progress at Rochester when Mr. Bryan reached that place. People had flocked in by the hun- dreds {from the neighborhood round about and the Democratic candidate had® an audience of between 8000 and 10000. Hon. Ben F. Shiveley, Democratic candidate for Governor, had just concluded a speech as Mr, Bryan ap- peared. The latter in the course of hisre- marks read from the platform adopted by the Indiana Republican Convention in 1890. Concerning it he said: The Republican platform which I have read in your hearing commended that silver bill as. a long yet prudent step toward free coinage, and yet when we tell you that free coinage is a good thine our opponents tell us we are lunatics and cranks and idiots. [Laughter.] 1If you wonld six years ago brag about a long step toward free coinage, why don’t you brag ‘when we want to go the whole distance all at once? [Great cheering.] “The only barbecue town on earth” was the principal inscription on the post- ers announcing the Bryan meeting at Peru, and a political barbecue was in prog- réss when the Democratic candidate, es- corted by a long srnusninn, reached the grounds.” A formidable list of free-silver orators had been engaged for the occa- sion, including Senator Teller, Senator David Turpie and ex-Congressman Lafe Pence of Colorado, and these made ad- dresses after Mr, Bryan Lad spoken and continued his journey toward Terra Haute. B. F. Shiveley, Democratic candi- date for Governor, was also present. Between 8090 and 10,000 people were in attezdance, and ereat cheering began as Mr. and Mrs. Bryan appeared on tue vlatform. A noticeable feature of the occasion was the absence of the yellow badges that had been displayed so promi- nently through Ohio and other parts of Indiana where the Nebraska man spoke. There had been a_defection in the Demo- cratic ranks at Peru, and Mr. Bryan’s remarks were directed mainly to those who had decided to leave the party. To them he said in part: . ‘When you leave the Democratic party in this campaign I want you to leave knowing what it means. Do not think that you can leave us this year in the greatest fight that Democracy has had for half & century—do not think that in the presence of the most dangérons enemy you can desert and then come back_next year 2nd take a position of command. do it, my friends. [chuml The man who leaves the Democratic party in its great fight this year to restore the Government to those old foundations laid by Jefferson and Jackson need not expect to come back until he has fully atoned for the sin he commits this year. [Cheers.] The Bible tells us that when the prodigal son got tired feeding the hogs and came home the father met him with open arms and killed the fatted calf for him. Well, my friends, 1 want you to understand that tho grodlgll son who leaves the Democratic house- oid this year and goes off toieed the hogs [laughter], when he comes back You cannot Ac | the courthouse, aiter discussing the money | : o has got 1o | come with the understanding that he must saw wood a long while before he gets to the snblfi. hter.] Asonn of the speakers in Michigan said, when he comes back we will say, “Kill the prodigal; the calf has come home."” The gold badees were likewise few at Delphi, where Mr. Bryan spoke briefly to between 5000 and 6000 people. He told them to vote for ex-Representative Chea- dle for Congress, and said it was beiter 10 support by the ballot a silver Republican than one who had formeriy been a Dem- ocrat, but was now running on a gold tic:et. i 4 crowd of about 10,000 was addresse briefly by Mr. Bryan at anx{oxt't, l;m1 it Wwas not to be considered in point of size beside the tremendous audience that had gathered at Lafayette. It was, in fact, three separate gatherings all in the court- bouse square, and Mr. Bryan made three speeches from the same platform, one from each side. There were at least 25,000 in the assemblage. Mr. Bryan in his speech had something to say about the position of General Harrison in this campaign. He said: 1 want to ask you to consider for 2 moment the position taken by the leading advocate of theother side, ex-President Harrison. I think I -mdusuned insaying that ofall the supporters of Mr. McKinley’s ejection Mr. Harrison is the ablest and most distinguished. He made & lgeecn vesterday in which he tried to show the impossibility of there being a double standard, and yet Mr. Harrison was clected President on a platform which denounced Grover Clevelana for trying to demonetize sil- ver. [Cheers.] He tried to show thatit was impossible to have two yardsticks and vet he ran four years ago on & platform that declared that the Ameril dation and interest t'uvm‘m means & double standafd. worse tnan that, while the double standard, he is trylng to run on two platforms thi ear. He sald in his speech yesterday, ‘he present condi- tions are that we are a bimetailic country,” and yet the Republican platiorm of this year says that we must maintain the present gold standard. [Cheers.) If we are a bimetallic country why did not the platform say that we must maintain the present bimetaliic stand- ard? And yet, while the Republican platform declares that we are at present under a single gold standard, Mr. Harrison states that we are under a bimetallic standard. [Cheers.] Whet does it fnean, my friends? It means that, having been defeated in this campaign on the gold standerd, now, as the election ap- Emuh"' they are trying to get under cover ot imetallism and clafm that’ their platform is false. [Cheers.] At Linden Mr. Bryan spoke to s small gathering. Crawfordsville came next and he:e the nominee encountered one of the most wildly enthusiastic audiences of the dn{. although it numbered about 5000 only. Thespeech of Mr. Bryan there was devoted in part to answering the charge made by General Lew Wallace, a resident of the town, that he was an anarchist. He defended the Chicago platiorm from the charge that it was anarchistic. Rockdale turned out a small crowd. The assembiage at Greencastle stretched away off into the darkness and could not imetallism, which But be " estimated = for _that reason. It was reserved for Brazil, the well- known mining center, to exceed in demonstrative appreciation = of the Demoecratic candidate any small city at whnich he spoke during the day. It was 7:30 when Mr. Bryan’s train reachea that place. All along the streets to the park where the speaking occurred he was wildly z;heereg.e A thousand miners were in the escort procession. The nearby neighborhood had contributed to the im- mense throng that gathered to hear him, ‘and it is estimated that nearly, if not quite, 25,000 people composed the con- course. Mr. Bryan brought out no new. points in his speech, but everything he said_was vigorously applauded. AtS8:15 the Bryan special puiled out for Terre Haute, where it arrived thirty minutes late. g Citizen Silverites Beaten. BUTTE, Moxr., Oct. 22.—The Supreme Court to-day decided against the so-called Citizens' Silver party and its electoral ticket will not appear on the official ballot. The electors were the same as the Demo- crntic-Pufiulistic and weré put up by the A. P. A. Republicans so that their county tickets might, ap; both under the Me- Kinley and 'Bryan! electors. In. retali- ation the A. P. A, attacked the ticket of the Silver Republicans, including the can- didacy of Congressman Hartman, but the Supreme Court refused to iuterfere with that party on the ground that the nomi- nations were made in convention while the Citizens’ Silver party were not. HELD IN AN EMBASSY. Chinese Officials in London Kidnap and Detain a Refugee. Sun Yat Sen Will Be Shipped Back to China for Plotting to Over- throw the Dynasty. LONDON, Exc., Oct. 22.—A great sen- sation was created this afternoon by the publication in the Globe of a story that detectives, at the instance of the Foreign Office, have been watching the Chinese embassy here for some days past in con- sequence of two Chinese officials having seized and kidnaped a Chinese physician named Sun Yat Sen, belonging in Hong- kong, as he was passing the Chinese em- bassy on October 17, the kidnaped man having been detained in the embassy ever since. VAR In explanation of this act, the Globe says that in November, 1895, a conspiracy was formed to depose the Tartar dynasty in Ching, beginning with the seizing of the Viceroy at Canton. For this purpose 400 coolies were imported into Canton from Hongkong. The existence of the conspiracy leaked out, and the authorities seized and beheaded fifteen of the leaders, but the others managed to make their escape, among them Sun Yat Sen, who went to America, passed through that country and finally came to England, and has since been in London. 4 According to the Globe, friends of the kidnaped man say thata ship has already been chartered by the Chinese embassy to take him back to China. The British authorities are powerless to relieve the man from the embassy; the law does not permit the embassy or legation of a foreign country to be invaded. ———— CHA4MNGES IN CUSTOMS RATES, Li Hung Chang Desires That China Be Paid in Gold, W ASHINGTON, D. C., Oct. 22.—Li Hung Chang, when he visited Washing- ton, conferred with Secretary Carlisle as 10 certain changes contemplated in the Chinece customs rates. As Secretary Olrey was not in the city at the time the Chinese Embassador left with the Chi- nese legation here ‘a memorandum, printed in English, in which the changes are set forth. The changes make the duties payable in gold or its equivalent instead of silver taels. Li Hung Chang stated that silver taels were authorized to be used in Tao Kwang’s time and continued without change until the dynasty of Hien Fung. Since then the value of silver basdeclined, he says, and in justice to China, which has now established international rela- tions, *‘both the necessities oi the dav and consideration of what is fair and right de- mand that the original value of the cus- toms tael be re-enumerated and that the valiue of silver at which China consented to collect duties, viz.: three taels to the pound, be observed and adhered to.” el 8 The Massachusetts at Sea. FORT MONROE, VA, Oct. 22.—The battleship Massachusetts went to sea this morning fora trial trip of forty-eight fhorning for a final trial trip y-eig DECEMBER WHEAT TAKES A TUMBLE Collapse in Prices Almost Causes a Panic in the Pit, Scenes of Great Excitement on ’Change in Chicage Are Witnessed. LARGE QUANTITIES UNLOADED. Thousands of Bushels Dumped on the Market, but All the Offerings Are Not Bought. people from tra- | CHICAGO, Inn., Oct. 22.—December wheat took another big tumble on the| Board of Trade to-day and the wild excite- ment on ’Change which accompanied the collapse bordered on a panic. There was a fall of 43{c from yesterday’s cloge, ex- ceeding the advance for any day since the sensational upward movement began in this country and abroad. The closing price to-day was 70l¢c. Late in the day there was a recovery and the highest point during the morning session was 7414c. Toward the closing hour the sitmp was so rapid that dmv’; of 1 cent and more found no bidders. The price went from 73 to 713{ in five minutes, The scenes in the pit were such as Board of Trade history is made of. There was a frantic rush of sell- ers on the strength of a ramor that Cudahy had joined Armour in unloading his hoid- ings. Thousands of bushels were dumped on the market, but there were no buyers who could keep pace with the quantity offered. There were some heavy losses, and ganeral fear is expressed for to-mor- row. The main cause of the decline was said to be failure to secure advances from the banks for buying cash wheat. Within half an hour after the opening the price of December went down 23{ cents and the inexorable banker was blamed for refusing to lend money on any terms. The demand for mouey overshadowed all talk of foreign shortage, of shipments to India or news from Australia or Russia. Cash wheat sold below futures and the price of the former declined from 6 to 7 cents be- fore traders were allowed a breathing spell. Armour said that the key to the situa- tion was the scarcity of money and that the price of cash wheat was pulling future wheat down. The curb last night pre- pared the way for the slaughtering of the market price to-day. Wheat sold at 74 cents in the street, and this, added to the cry of distressfrom the cash market, threw the pit into bysterics at the opening. Houses were swamped with country orders to sell at a certain price if the deciine con- tinued. Most of them wantea the deal stopped at 74 to T4}4 cents, but betore they could as much as snout “sold” the expert in the box had marked the price down from' 7514 to 72}4 cents. Then pandemonium broke loose in all its fury, and the bravest speculator was filled with a dread of what might come next. The bulls with big lines of Decem- ber wheat, who have been busy unloading during the last few days, surrendered some more to the tottering market. They sold at ‘{)flces which brought them fort- unes and took their chances of buying back again at a lower price. The bulls who have been crying ‘‘dollar wheat,” however, have not ‘been silenced by the tumble of the last two days. The bankers said that the election uncertainty made it imperative for conservative banks to de- cline loans for speculation in large sums. Armour’s grain department stated the money market was becoming more closely allied to the wheat market, and that the election was the only relief in sight. ST. LOUIS, Mo., Oct. 22.—Notwith- standing the effort of the bulls to main- tain prices and even advance the mar- ket, the speculative character of the ad- vance in wheat was demonstrated to-day when the bears almost without effert low- ered the December option from 7614 to 733 | cents. Liquidation by the traders whu wanted to get out on a raise aided the bears, The first and most powerful factor was the fact that European markets re- sponded so quickly and largely to yester- day’s break on this side. A decrease in receipts did not materially check the gen- eral downward tendency. A report that 605,000 bushels had been werked at Duluth for shipment yesterday and that the total engagements for export at New York were seventy-five loads, with heavy clear- ances, caused & sudden stiffness in the market, but it soon died out again and another decline set in. This started some liquidation and there was 4 panic, traders climbed over each.other in their desire to sell. The pit was wild for a time, but just before the close there was a slight re- action. The selliing was not heavy, as no one was_anxious to buy, there having been a decline of 8 cents with hardly a rally. 3 After a moment’s rest there was an- other break and December dropped to 73 cents, but rallied slightly at the close, closing one-eighth of a cent better than that asked, but at a net loss for the day of 814 cents and 9 cents down from the top. May showed a net loss of 54 cents for the day and was weak av that.’ On the curb the balance ot prediction was on the side of thonmlin:emmce of prices, and the ar- gument of short crops abroad, depietea stocks, etc., was made to support the con- tention. ST. PAUL. M1xx., Oct. 22.—For the first time in years the elevator companies have found it impossible to conduct busi- ness on a natural basis. Because of their ty to get money for wheat storage of 450,000,000 busheis makes $90,000,000. And at least 200,000,000 bushels of this ‘wheat are now owned by and in the hands of American farmers. Thus in less than sixty days wheat has made for its pro- ducers about $40,000,000. “Daring the same period silver has de- clined 2 gents an ounce, from 63 to 66 cents. The alleged kinship of pricesfor wheat and silver is disproved. Wheat is divorced from silver on the lawful ground that the relation of sdpply co demand is the sole regulator of vaiues, and Bryan and Watson and Sewall are made co-re- spondents because of their scandalous as- sertions. (f it be dishonest.in a dollar to rise in its power to purcnase wheat, is it not equally dishonest for wheat to rise in its power to purchase dollars?”’ LONDON, Exe., Oct. 22—The Daily News in its market review to-morrow will say that the exaggerated views regard- ing wheat, which prevailed Monday, are givlnk place to more reasonable ideas. he position is serious, bat not hopeless. The seilers of Russian wheat still show a great reserve, but there is a question whether the Black Sea shippers are not playing into the hands of the Americans by "uolding their stocks. The Russian crop is certainly smaller than that of 1895, but there has not failed to_be a material surplus jor exportation. The chief difti- culty is a scarcity of tonnage, whichlin less than three months has trebled freights from the Black Sea. The weakest point in Great Britain is the lowness of stocks. LIVERPOOL, Exc., Oct. 22. —The wheat market here to-day weakened under the influence of the big decline in the United States. Only a small business was done. California options closed from ’4d to 1}4d ver cental lower. Americdin red winter, futures, closed from 3d to 3}4d lower. WEILER' LIEST DECBE Inhabitants Outside Fortified Towns Must Concentrate Quickly. : Transpor}ation of Goois by Land and Sea Is Also Sirictly Pro- hibited. HAVANA, Cuga, Oct. 22.—Captain-Gen- eral Weyler has issued a decree ordering the inhabitants of the country ontside the fortifications of townsin the province of Pinar del Rio to concentrate within the limits of the fortifications within eignt days. Transportation of goods to or from the country towns by land and sea with- out permission is prohibited. At the expiration of the eight days all persons found outside the limits will be considered rebels and tried as such. According to an official report the Piz- zaro regiment, under Colonel Flores, sur- prised the rébel band under Acosta and Delgado at Cocosolo, near Bejucal, prov- ince of Havana. The cavalrymen made a furious attack upon the insurgents, who were disconcerted by its suddenness and fled in disorder. Nineteen dead rebels were found upon the field, including the leader Acosta. The Spaniards had three men wounded. ¥, On the17th inst. Alfredo Laborde and Orna Melton of the schooner Competitor were taken to the cuarto de Banderas in For: Cabanas and their depositions taken beforé the Judge Instructor, who informed them that they were to be tried for piracy and rebellion by a court-martial. They had 1eceived no previous notification, and were given no opportunity to communi- cate with Consul-General Lee. The in- dictments and method of procedure was identical with that of the former trial Laborde and Melton entered a protest against the proceedings. It is believed that General Lee had no notification of the trial, and it is entirely illegal. It is not known whether Leavitt and Barnett will be tried at the same time or not. On the 19:h Laborde, Melton and Leavitt were again taken before the Judge Instructor and again entered their protest, claiming their right to communicate with General Lee and thata trial held in the Cabanas would be illegal for the reason that no representative of the Consul could be present, and also that a trial by court- martial was not in accordance with the treaties existing between the United States and Spain. No communication has been received by the prisoners from Consul Lee since the trial began. The merits of their protests will be passed upon before the real trial takes place. Two Erglish subjects, Gildea and Barnett, made depo- sitions, and also Dr. Elias Bedia and Teodero Mazas. JACKSONVILLE, Fra, Oct. 22.—No official report has been received by Collec- tor of Customs C. R. Bisbee of the firing on and capture of the alleged Cuban fili- bustering tugs Dauntless and R, L. Mabey, oif Jupiter Inlet yesterday by the United States cruiser Raleigh. The revenue cutter Boutwell left Jacksonville for the St. Johns bar this morning to take charge of the Dauntless and escort her to quaran- tine station at Fernandina, where she will be fumigated and afterward brought to this port and delivered to the United States authorities. The tug R. L. Mabey, which was also captured, did not reach the bar last night, as she is much slower than the Raleigh and the Dauntless. The Mabey arrived, however, eariy to-day in charge of a prize crew from the Raleigh, and will be brought to Jacksonville and delivered to the United States authorities. The cruiser Raleigh left for the south this morning. It is said she is going to Turtle Harbor to discover, if possible, the island on which it is said ihe Cubans have stored quantities of arms and ammuni- tion. The firing on and seizure of the Daunt- less and Mabey has caused indignation here and is regarded as high-handed on- the part of Captain Miller of the Raleigh. Neitber the Dauntless nor the Mabey had arms on board. The Dauntless had only her regular crew and the Mabey had on operations they are compelled to sell the wheat bought in the country in order to realize money with which to make further purchases. ¥ The demand for cash wheat is thus cat in two by the fact that terininal compa- nies find it difficult to provide themselves with necessary money, so that millers come in as pncticnléy the only support of the cash market and their wants are not sufficient to take all the wheat offered. The result is the cash price has fallen heavily within a week and elevator com- anies have widened their purchase charge rom 3 cents to 4 and 5 cents. They can- not pay more because they cannot sell the wheat except at & wide difference. The millers have not money to put in wheat except as the offer is sufficiently low to warrant the Kayment of a high interest rate when they are fortunate enough to find one who is willing to let money on the best security on the money market. Up to witkin a few days there has been a fair supply of money moving wheat. The eleyator companies have, however, been obliged toship wheat to some extent to provide funds, but they have notcut the price to the farmers on that account. Developments within a week have made it imperative to do so, because irom a pre- mium over December wheat the price of cash_wheat has fallen to 4 and 5 cents un- der December price. WASHINGTON, D. C., Oct. 22.—The Secratary of Agriculture to-day gave ex- pression to the following regarding the recent rise in wheat: “The rise of wheat in Chicago and New York markets during the last sixty days is about 20 cents a bushel. Thisona crop board a cargo of coal. e e, ALL WORKED IN HARMONY. No Factions or Sectional Differences Be- fore the Board of Directors of the Catholic University. WASHINGTON, D. C., Oct. 22.—The third and final session of the board of di- rectors of the Catholic University of America this morning was very brief and the only business transacted was that of changing the annual meeting from ‘Wednesday after Easter,which practice has been found generally inconvenient, to the second Wednesday in October to coincide with the annual meeting of Archbishops. The board a!so issued the following state- ment before adjourning: The board wishes it to be understood by the public that there are absolutely no factions or seciional differences among the members. The election of candidates for rectorship was practically unanimous. Tospeak of triumph of this or that party,of conservatism or liberalism, nationalism or Americanism, is to misrepresent the whole situation. All the members of the board are equally American in spirit. They have but one thought, and thatis the welfare of the university ana its steady progress to the highest Catholic education. Aiter adjournment of the beard of di- rectors the Archbishops held their annual meeting. The mormng session was de- voted to administrative matters of no gen- At the evening session Father Stephan, who bLas charge of “1110 Indian schools, appeared before the Arc! ; bishops and gave a detailed statement of the condition of those schools. A{te: some discussion the whole Indian-schoo questfon was referred to a committee con* sisting of Cardinal Gibbons, Arcn}nshops Corrigan, Keane and Ryan. This com- mittee will meet at the residence of Cardi- nal Gibbons, in Baltimore, begixgnlng its session to-morrow. The parochial school question did not come up 1n any form. FERL P B A Lyncher Assassinated. MOBILE. Aza., Oct. 22.—John Hollin- head, the Washington County farmer who participated in the lynching of Chris Chambliss several months ago and then turned State’s evidence and convicted several of the lynchers, who were sen- tenced to life imprisonment a few days ago, was yesterday assassinated in the road way near his home, being shot from ambush by a dozen men. Some thirty other citizens of Washington are under indictment on_ suspicion of having par- ticipated in the lynching, but all the State’s witnesses have left for parts un- known. eral interest. NEW TO-DAY.) 0f all the gifts the gods may to us send, Methinks the sweetest is a loving friend. Of all earth’s gifts, youw'll surely not dispute, The best is this—a perfect-fitting suit. For $9.50. The pick of 2500 Men’s All- Wool Suits in every possible shade ; latest and most fashion- able styles. Extra well made, perfect fitting. For $9.50. Your choice from 3000 Ker- sey Overcoats, in Blue, Black and Brown, or in Melton. 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