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Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, June 04, 1891, Image 4

Image and text provided by University of North Texas; Denton, TX

Persistent link: https://chroniclingamerica.loc.gov/lccn/sn86071158/1891-06-04/ed-1/seq-4/

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The McKinley tariff
foreign goods out of this
gold in it What is Mr
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FOST WORTH WEEKLY GAZEftfe
PUBMSITIID EVJIKY TUUKSDAY
BY THE
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FORT WORTH
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DuXTs
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auilem
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unices of subscriber
TELEPHONES
1 ditorial Rooms
Uus essOmce
cant
countrj
110
106
TO THE PUBLIC
The onlv traveling persons male or female
at present authorized lorcteHe and receipt for
subscriptions to Tin u vette are C T Hogan
Johnl MiDuff J if 115liee C F Ken lev
R Marchuian Mrs Mmona Eos Mrs C K
llaugh W T Kcnstrr I Calhoun O W
r Hington Miss Anfiti s bapard and Mr M J
Roberts The mMu are cautioned not to pay
uiont v to anv > lirr persitn icpreteiUlng tbem
mii a trielm agensof tins paper as all
antborin lirrctofnre issn 1 < o any other penon
than tbos f muM in lirr cn reoked
D MU < lCLlPLlU IIIM > COMlNy
April U si
J U ijii i ii j g i j i j
ysectfB
C ufudeRi
SPECIAL NQTlGES
or
llmo priJVi tiB dwell
t nt spnjft
i r 3ii5rgUfim > ltte
rlce ilT10 JsAtKcish
sliould be seTn bo
apprcnatcd lor particular write V
Hi ur t iaude Te
NOTICE TO CREDITORS
The sitj oi Trs
ln inHl UsrK ofbJp cstatontnd ilicln > i
U
Coi vr ot 1 imiANT i
Tohe i iiditor or It c Wp
You m l > f noi Mied that V C Vells Of
ike couuc ot Tanant and suite of TtxSs ontho
> th cia of Sine D lsliblexecutixliV deeel el
sLnnu it ciinu tcnh undeniRed all of
tiif prMrvf for the lj ptlt ofjKU Ji of his
iJdi c i conat to aotpt their pro
Jam rol tll Ifr Trtle clujfts aAl thatfllie
uude > reclaofp > < id lfSstjia hj
iiualiffiBfa p > u re y vf gi Trjdior
C
n Ttcij c
StithW < pu
ipmeni fcus S5rit
t if it on of this notic
known to the inro their cansent in
indwlthlr ix n m from the dat
once tile tl > t > r c 1 nri prescribed by 1
tne unctcrs it o uli resides at Fort
Tv wn h poioflUeatdres <
vt it ss n > ttb dav of Ma
Lung FOR SAL
11 OOd acres o l for sale i
p jrcjrasej Sityateciyvscurtj
rjui oiitVto1 si jinilflf rrpnTV
1Sl
Amcn Assigntv
tier
Tex
r will ext iange for tind ije
mills one at Cleburnl
W A Huffman Implemjjt Co
IVanfcL
Uorifc 1rec
Ftfaaecn
IcbJrtinJband c
oaFtcwVF
to < yovr Oe where
cnian whot JjJf t Temple
years oIJ5 > rpare built
McKinlevs
The Alliance will bo welcome to Fort
Worthy in July Cool breezes pure
water ind a hospitable populace make
of Kort Worth the only and great con
vention center of Texas
1Okt Worth gets tho big Alliance
meeting in July Of course Of the
multitude of congresses conferences
tsseinblies and meetings held this
> ear of grace Fort Worth has hor
Miiikat mMf > MMs0i
S fS
share as sho always does We havo
had others Now let the farmers come
and see us
Millionaire Stanford master of
550000000 would be a fine presidential
candidate for the men who are after
more money He has got plenty of it
but they will never hear the chink of
it
Gov Winans of Michigan vetoed
a bill appropriating 830000 for the
entertainment of G A R delegates at
a state encampment It is very plain
that this man is a Rebel with treason
in his heart
The Alliance in Ohio are after the
hides of John Sherman and McKinley
Bill which they havo sworn to hang
on the fence Give success to their
efforts and Texas Democrats will not
care much what they call for in this
stac
Tun Fort Wortli Gazette is crying
aloud in the wilderness for a financial sys
tem that will not enrich the few at
the expense of the many The Gazette
wants the inillcnium and does not care how
soon it comes San Antonio Express
No not the impossible It was im
possible as long as the Northern peo
ple allowed Republicanism to blind
them by sectional appeals but the
people are having their eyes opened
The class legislation of Republicanism
will go The American people move
slowly at times but they do move and
they are now in motion
The Kansas subordinate Alliances
are to vote on the proposition to ratify
or reject the action of their delegates
to the Cincinnati convention and will
decide whether the third party move
ment shall bo adhered to or not This
looks like backward action The dele
gates were sent to that convention
presumably empowered to represent
tho Alliance They took their stand
with the third party and now the
lower lodges aro to sav whether they
will uphold their agents or not If
they refuse to ratify it will put tho
delegates in a painfully embarrassing
position
It is a remarkable circumstance that
tho federation convention that framed
tho new constitution binding the
several states of Australia in ono com
monwealth was in session only one
month A constitutional convention in
Texas or any other state would con
sume that much time in wrangling
over a proposition that should be left
to the legislature to deal with Aus
tralia is a long way distant from Wash
ington and has probably never heard
of Tom Reed and his rapid business
methods of managing deliberative
bodies but it appears to have a very
comnundablo way of dispatching bus
iness with great celerity and saying
nothing about it
On the 1st of March 1STS there wero
S313SSST40 of national bank notes in
circulation As the national debt was
paid olf and as bonds became scarce
and higher priced this circulation de
creased until on March 1 18S8 it
amounted to only 8199779011 This
process is still going on and if we have
no war to create another debt and the
country continues as prosperous as it
has been the national debt will be
wiped out in eight or nine years With
the debt will go the bonds and with
the bonds will go the banks and the
bank circulation which will contract
the circulating medium to the extent of
about 200000000 With these certain
ties ahead there are men and they aspire
to be leaders who hay tho national
banking system is good enough and
there isno use agitating tho question
of changing it by substituting anything
but bonds as a basis of circulation
THE POLITICAL STOIUI CENTER
Thero were about 1400 delegates in
the National Alliancelabor convention
at Cinciuatti twothirds of whom camo
from Ohio Indiana and Kansas The
latter named stalo furnished onethird
of the convention This is a significant
fact that proves the unsettled and
chaotic condition of politics in that re
cent fortress of radical Republicanism
It is quito clear that the movement that
last fall retired Ingalls from the politi
cal arena and made kindling wood of
the party machine has lost but little
if any of its original force and may
still have sufficient momentum a year
hence to surprise the country once
more It is plainly the storm center of
revolutionary politics in tho West if
niot in tho country Neither Providence
nor the government has been gracious
to Kansas
A combination of Ingalls tho tariff
and drouth is responsible for the
political turmoil there It was a com
siinxtion that destroyed the crop of
tereals year after year and produced
iflsTPHTa crop of reformers many of
10m are honest and manv are not
FINANCIAL REFORM DEMANDED
f A triumph of tho people over priv
ileged classes protected industries and
TW money power upon the tariff only
would leave those engaged in agricult
ural pursuits and all others who are
not the beneficiaries of the existing
financial policy of the government at
the halfway house on the road to genu
ine general prosperity
The financial policy of the govern
ment should be reformed No people
however frusal economic and indus
trious they may be however just and
equitable may bo the burdens of tax
ation imposed upon them can prosper
who are denied by the government a
volume of circulation a medium of ex
change sufficient to meet the wants and
demands of business commerce and
trade Tho logical and inevitable re
sult of snch a condition is to increase
the purchasing power of the money in
circulation reduce the wages of labor
4 4 > SIS
S g s5 5
and cheapen the values of all kinds of
property except fixed securities
Those who are fortunate enough to
be possessed of money dealers in
money the money power prosper and
grow richer but tho tillers of tho soil
who must rely upon the proceeds of
tlieir annual crops and all the toiling
millions who live on the products of
their brain or hands grow poorer
Dave Culbersons Bonham Speech
3IORE 3IONET
There is hardly ono of the many
visionary schemes broached today for
the issuance of more money that has
not been tried with the most diastrous
results at on3 time or another in tho
past Anyone who will take the trou
ble to look over tho records can very
soon satisfy himself on that point The
instances aro many and striking and
leave no doubt of the wild and extrava
gant pitch to which popular clamor
may and sometimes does rise when the
money question leads all others
That it is becoming a more or less
prominent political issue in this coun
try can not be doubted With the Alli
ances it is a leading issue ono that is
made to outrank every other in what
appears to bo a more or less exagger
ated importance And tho Alliance is
itself becoming an important institu
tion
There can be no doubt and leading
financiers and statesmen now admit it
that there is not money enough to do
tho business of the world More money
is absolutely needed and tho need is
imperative Only think of it Of the
business done in the world today only
5 per cent Is cash and 93 credit and
that because there is no more cash Is
it wonderful that stringencies and
panics occur or that people should bo
in constant dread of them Only a few
days ago Mr Goschen chancellor of
the English exchequer admitted the
need for more money when he declared
his intention to issue 1 notes At present
and for many years tho English havo
had nothing less than tho 5 note
That Europe needs more money than
sho has is made evident by the fact
that sho was compelled to import from
this country since tho first of the year
aboutS50000000ingold coin This very
circumstance moro tban any thing that
has happened in recent years has em
phasized the pressing demand for
money for gold and silver Europe
ostracised silver in 1872 and 73 and is
now being made aware of tho injurious
effects thereof Tho United States fol
lowed suit but retraced her steps fivo
years later a fortunate circumstance
to which she is now largely indebted
for her ability to go to the rescue of her
European cousins If that circumstance
does not powerfully impress European
governments with the beneficence of
bimetalism of silver coinage nothing
will What if this country was with
out the 8360000000 of silver coined in
recent years And if there were more
still the country would bo so much the
better off and Europe even would pro
fit by it as she has already profited by
that coined As recent events prove
the money question is one whose press
ing importance is not by any means
confined to the United States But
nowhere else is the subtreasury or tho
land mortgage plan of creating money
advocated
DEMOCRACY NOT RESPONSIliLE
The truo reason why this stunted
and starved volume of circulation has
been maintained is that the monoy
power of New York and New England
has dominated and controlled the finan
cial policy of the government since tho
beginning of the war between tho
states Tho Democratic party has
never had the power in congress to
break and overthrow this financial
despotism Tho financial policy under
which the vast and varied business of
the country is conducted contemplates
gold as the only standard of value and
national bank notes as the only proper
paper currency The exceptions as to
the silver in circulation at this timo
and gold and silver certificates and the
three hundred and fortysix millions of
legal tenders have been enforced by
tho Democratic party since 1875
You must remember that tho Republi
can party controlled tho lawmaking
departments of tho government abso
lutely from the beginning of tho war
until 1875 when the peoplo revolted
against the financial policy of that
party and returned a majority of Dem
ocrats to tho houso of representatives of
tho Forthfourth congress When tho
congress assembled silver had been
demonetized onehalf tho metal money
of the country had been destroyed
Gold had been enthroned as tho true
standard of value and that too when
silver was at a premium of 3 per cent
over gold provisions had been made by
law to cancel and burn up all the green
backs except 8300000000 I have not
the time to refresh your recollections
of the effect which the legislation pro
duced upon tho agricultural interests
and all other interests not the benefi
ciaries of this policy Bad as the con
dition of those interests are today it
is better than in 1S75 Remember now
if you please that since 1S75 when for
the first time the Democratic party had
a majority in tho house that party
has never had the power to enact
a Jaw It never has had except at
one time for a few days only all tho
departments of government which aro
required to concur in the passage of
laws and whatever changes have been
engrafted upon the financial policy of
tho Republican party since 1875 what
ever laws have been passed since that
time to promote tho interest of agri
culture and labor generally were origi
nated by Democrats and their passage
secured by the influence and power of
the Democratic party in the house of
ry
THE GAZElTE FT WORTH TEXAS TflUESDAY JUJNJ3 4
representatives Now fellowcitizens
when the Fortyfourth congress as
sembled the Democratic party in be
half of the people Inaugurated the
fiercest parliamentary war ever waged
upon the waste of public money and
upon tho financial policy of the govern
ment After a long and desperate
struggle culminating in 1878 there
was a partial victory for tho Demo
crats We had arrested the destruc
tion of legal tenders which was pro
ceeding under a provision in the special
resumption act and made them a per
petual volume of circulation by requir
ing their reissue as they might bo re
ceived into the treasury We had re
monetized silver yet forced to consent
to its coinage only by the government
upon its own account at tho rate of not
less than two nor more than four
million ouncesper month or 32000000
of silver dollars annually Thus it will
bo seen that from 1878 to 1S01 by the
forco of laws secured by the Democratic
party there wero preserved to the
volume of circulation 8316000000 legal
tenders and 832000000 of silver have
been added to it every year during
that time amounting to 410000000 or
about and to facilitate its circulation
silver certificates wero required to bo
Issued
During all the time that the Demo
cratic party has had tho majority in
the house it has struggled for the free
coinage of silver even under circum
stances that seemed to render tho effort
hopeless Tho financial policy of the
Democratic party contemplates the
free and unlimited coinage of silver
and paper currency convertablo into
coin on demand of tho holders so that
our volume of circulation may consist
of gold and silver or their representa
tives certificates and legal tendc
treasury notes convertable into coin on
demand The Democratic party has
never enforced this policy except as I
have shown for tho simple reason it
never has had the power in lawmaking
departments of the government to do
bo If the Democratic party possessed
control of all tho lawmaking depart
ments of tho government it would en
force that policy and instead of a
stinted and starved volume of circula
tion there would be provided a liberal
adequate volume of circulation with
which to conduct tho vast business of
this great country How can this bo
done Gold and silver must be coined
free and without limit This would
insure the volume of circulation a
yearly addition of nearly 3100000000
which when the volume of circulation
had reached the proper limit would be
ample to meet tho requirements of the
yearly increase of business and popula
tionTho gold and silver now held by tho
government or of which it may be pos
sessed when required should be used as
a basis for the redemption of legal
tender notes as far as may be neces
sary In order to obtain gold and silver
sufficient to constitute a proper basis
for the necessary issue of legal tenders
silver and gold certificates as they aro
received by the treasury might be can
celled and legal tenders issued upon
tho gold and silver this would not be
necessary Dave Culberson s Bon
ham speech
AN UNEXPECTED ALA KM
While tho Charlston is scouring the
seas if seas may be scoured in search
of a prize that has eluded her and got
off to Australia seven or eight thousand
miles out of the pursuers way and while
the country is holding its hands up to
its ear metaphorically speaking for
the reverberations of the booming artil
lery a faint note of war breaks upon
the listening nation from an unex
pected quarter
Capt A C Markley company I Twen
tyfourth infantry is stationed at San
Carlos Arizona Company I is distin
guished by virtue of its color It is a ne
gro company Capt Markley is a
Caucasian and when drilling on a hot
day and circumstances forced him to
windward of his perspiring soldiers his
offended nostrils revolted at tho duty
He stood his men up in lino and swore at
them specifically calling them d d
black monkeys This proving to be a
casus belli war broke out at once and the
status quo is still in that condition
Tho captain put thirty of the troopers
under arrest and tho secretary of war
ordered their release and has sent out
a court of inquiry to make an investi
gation and ascertain if the cause of the
captains complaint is really strong
enough to justify him in calling his
men black monkeys and damn them at
that
THE WORM TURNS
Tho proposed meeting at Fort Worth
of representatives of the moderato
members of tho Alliance will be fruit
ful of important results These men
who havo stayed at home and held cot
ton whilo the radical members have
got together and denounced everything
except themselves have had nothing
to say in the conduct of tho affairs of
the order So far as the public knows
they are nothing Except on rare oc
casions they havo not made their
presence felt in the proceedings of tho
lodges If one seeks for knowledge of
tho Alliances attitude upon important
public questions ho must turn to their
official utterances and proceedings and
these show that the views pf the Alli
ance are the views of C W Macune
Evan Jones and R J Sledge
But the party in the Alliance that
rejects tho infallibility of this triumvi
rate now comes forward and insisl
upon being heard The men who cojlr
pose this party assert that they hav a
controlling interest in the organiz
tion and object to being frozen out by
the more active minority To make
themselves heard they will call a
meeting at Pfort Worth soon and wo
Sfoa4
shall look to see the temperature in
this neighborhood riso several degrees
There will be animation in the meet
ing of course Tho radicals are not
going to stay away They will try to
pack the meeting They are men of
words and they will be heard Their
orators and their strategists will be on
hand in force They will endeavor to
prevent the adoption of resolutions at
variance with the spirit of the Waco
meeting and there the clash will come
It will be the special purpose of the
antiMacune party to prove that tho
Waco meeting does not indicate the
spirit of the Alliance and that the sub
treasury scheme is intolerably repug
nant to tho sober and thoughtful mem
bers With such diverse views and an
tagonistic purposes in mind the Fort
Worth meeting will bo a memorable
one in tho annals of tho Texas Alliance
for here will be fought the battle that
is to decide the fate of the order in this
tato
Persons of sei
ladies and chlldrcil
fervescent Salix
family laxative
indijrestion anc
charm As depcious
water
LtaaOan
iet a delightful
abits especially
Bahevs Ef
sick headache
ubles like a
lass of soda
Advice is cheap somo ono has said but
it will often save a headache Butthe
valuo of advice is often moro apprepiated
when its necessity is tho greatest that
if ono does not do what he is told ifo avoid
pain he will often do anj thing jf > get rid
Pain i o general to hunijflfTty that none
is exempi fcm its attacks Eiit fortunately
there is a vnt of relief From the sim
plest ache to i agonies of lheinnatism
and tlO torture n j itica or neuralgia
there is no form ojjffcaiii that will not
yield to Mansfield Ml Arnica Lini
ment It is a mo rn Baln t GUead that
never fails anJTeven physii fcjs of long
practice havcAbecn surprisea iover and
over again atJts wonderful adapffciility to
such a wido rfnge of human aUmflbts A
single application is often sufficient xo give
complete relief and ono bottle will go
farther and do more than dozens of alleged
pain killers with which tho country is
Hooded It is the best arnica preparation
known Mansfield Drug Co Memphis
Tcnn
SETTLERS RiCHTS
They Stand an Ecruul Chance With tho
Cattlemen if They Will Stand Together
The Eight of Leased Laud
Headquarters Texas OklahosiaI
UaoN seitzfu Wells Taiir xt v
ConxTY Ttx Slay 271S31 J
To Ibe Gazette
In our former communications we havo
been working for our Union members who
are living at a distance from the Indian
Territory Wo will now answer enquiries
from the settlers in Clay Wichita Wil
barger and Greer counties and many
others As to the right for settlers to go
into the Fort Sill country our answer is
none at all neither a > such will wo claim
any Our rights to go in tha Fort Sill
country is under a cattlemans lease on
ti S0O acres with exclusive control As
near as we know that right is and ever has
been possession with ability to hold it
It is true we were all ordered out and
while wc staid out the others staid in and
are in now Therefore our rights
in the Fort Sill country arc
just the samo now as th < >
cattlemen who havo the Territory fenced
in Our success seems surest in doing
just as near like the other cattlemen as
possible Avoid all conflict with officers
whack up now and then with tho
Indians never do anything that you can
not prove to the officers that tho big cow
men are doing and have done for years
If the officers molest you turn loose your
evidence to him that tho big cowmen are
doing the same H will turn you loose
or arrest the big fellows The country will
bo opened to settlement after the cowmen
are done with it and not before What do
wc charge for a cowmans right Nothing
at all Wo bought it for tho colony
union and any ono can join us by sending
a stamped and addressed envelope for the
return of certificate and instructions As
to where each ono lays his claim that is his
business Our peoplo will probably claim
the northern strip on tho north bank of Red
river extending from opposite Henrietta
Clay county to Mangum Greer county
with enough to make 24800 acres and 5000
acres moro in tho Wichita mountains Our
lease contract is as great as any can be
made in tho Territory Wo aro ready to
defend it in court if any officer wants our
right tested in comparison with any cow
maus right in the Indian Territory
Tho ndvantago of each ono laying his
claim opposite present home on the south
side of tho river is apparent reserving 5000
acres for those that want to graze in the
AVichita mountains Wo aro aware that
this article may be criticised and perhaps
our claims disputed by those who dont
want us in there Wo do not object to it
neither do we expect to chantro our claim or
position except it bedono in tho courts
If our claim is not as good as any busi
ness there wo will back down and quit but
as long as it is every settlor on that border
from Henrietta to Mangumshall have equal
rights with cattle kings if he demands his
rights as a cattleman and the settlers stand
united on that demand Past experience
proves that a settler stands no show against
tho cattlo ring Wc have brought our fight
into the ring and have fully fifty to ono
cattlemen majority Now are we able to
maintain our rights in it If not why not
J S Works General Manager
ELOPEMENT
An Arkansas Woman Deserts Husband
and Six Small Children to Go
with Another Man
Special to the Gazette
Fokt Smito Ark June 2 Last Sunday
Charles Howard a young man twentytwo
j ears of age who has been making his
home with Tom Powers near Hayes ferry
this county eloped with Airs Powers
They took a skiff rowed down tho Ar
kansas river and nave not been heard of
since The woman leaves a family of six
small children the youngest only five
years old for the deserted husband to care
for
A Lady Burned
Special to the Gazette
FitEDEBiccsncRO Tex June 2 Yes
terday Mrs August Schwast was boiling
soap in her pard The kettle used was a
very large one and as she was approaching
it she stumbled and fell in the red hot stun
over an nams length to hor breast She
managed to keep her head out but was
fearfully burned the flesh being fairly
cooked upon her
njtterSftWeo
daily nightly we had wellj h
do who are torturetwby
The remedy botfiic
is ot hand Were the
woiiid bJfland to tci
fhBit
with
cine Is
iMsmal
ganger
Iioic sluiiff5 toe dictate of
enounce dangerous medication
effective more certain more perinan
tho beneficent consequences Is th use of
tho Bitters Kxpenence indorses the recom
mendation ot physicians sanction its use Be
gin early use with persistence and expect re
lieL Hostetteii Stomach Bitters relieves con
stipation biliousness kidney ailments dya
pepsia and malarial trouble
gflftSSgRssSSg iP
BehTeyoubuy nyJhingTgkfevoqn
sfions
Bo 1 jeat v > 1 Can I do
pgi
S
fe8S8 i
declining powers are
by Hoods Sarsapa
6 make the weak
Mr Tracys FoWon
Bosnvut TEX May 311S9L
Editor Gazette
In the report of Mr Tracys speech sent
you yesterday you have made some errors
Mr Tracy did not say that there wero
9000000 of mortgages on farms in this
country but that 9000000 farms wero mort
gaged in this country He did not say that
lands were worth 2000 per acre but said
20 per acre He did not say that it would
take 300000000 to put tho subtreasury in
operation but that it would only cost 30
000000 He also denied that the subtreas
ury was paternaL We are not a shorthand
writer and could only take a brief synopsis
of Mr Tracys speech which was a long
one abounding with statistics to prove bis
lrheSecfUesHor
JDuttheywill never
buying SA
Its uses are
Jany ant
maymkeyourfcfp
prevent you from
used i
for where U is oifce it is always used Q
clean Iwuse without it is sheer folly since it does
the work twice as fast and twice as well
EXPORTING GOLD
SITUATION SUCH THAT IT IS NO
LONGER PROFITABLE
The Bank Surplus Kescrvo 65000000
Illcher Tban It was a Year AjoXo
Cause for Apprehension
Xcw York May 29 The course of busi
ness on the Stock exchange still turns al
most entirely on tho eports of gold As
foreshadowed in my last ndviccs the ship
ments havo materially declined having
been about 4000000 for tho week com
pared with 57000000 last week and al
though there is a sharp demand for bills
this probability is that wo are almost at the
end of the movement At tho moment
there pre considerable payments being
made against the recent specially large im
jiorts of raw sugar incident to the repeal of
the duty upon that article tho receipt
which since March 1 exceed those for tne
samo iieriod of last year by lOOXK tons val
ued at 7500000
Tho factor determining the future course
of the foreign exchanges however is less
whether there is still outstanding any im
portant floating indebtedness acainst this
country than what Europe is likely to do
under the increase of money that now rests
in its great banks Within tho past two
months we havo sent close upon fifty
millions of gold to Europo and although
the bank returns do not show exactly whero
it all rests yet such a largo and sudden ac
cession to cash reserves cannot fail to
strengthen confidence in the foreign money
markets and produce an expansion of lend
ing ability Our earlier shipments of gold
went principally to Kussi i but within tho
last two eeks the Bank of England hs
increased its gold by J17500000 and the
Bank of Franco by S5000000 beside
2750000 in silver These facts show that
tho requirements of Kussia ero satis
fied some time airo and our subse
quent exports havo gone mainly
toward recouping tho banks of other coun
tries for their contributions to Russias
wants The effect of these cash gams by
tho Bank of England is apparent in a nVe
in tho reserve from SlHS per cent on the
21st instant to 4010 per cent on the 2ath
whilo tho London rate for money in tho
open market is now 3 per cent against 5 per
cent two weeks ago This widediversrence
between the present bank rato and tho
open market quotation foreshadows an early
return to a 4 per cent rate by the Bank of
England There is a diffcicnco of 23 per
cent between the current market rate at
London and what is paid for short timo
loans at Xew York and under those cir
cumstances Loudon bankers aro likely to
allow balances to rest hero for employment
rather than demand their remittance in gold
and thereby force the rate of interest still
lower The situation has thus reached a
statro at which it is both protective and
profitable to discourage further remittances
of gold from New York
Tho probability of London financiers tak
ing this courso is strengthened by the fact
that Kussia may be expected to soon dis
burse her accumulatedgold in tho payment
of imperial loans now maturing and there
is a strong motive for her taking that
course as a means of promoting tho confi
dence that is needful to prepare the way for
the loan which the czars government has
contracted for with tho Hothsehild syndi
cate We havo therefore tho double fact
that tho European money markets aro
already reacting sharply towards ease and
that this tendency will bo scon reinforced
by the redistribution of the gold Russia
has accumulated in transient hoard
Under these circumstances it becomes
not so much a question whether Europe
will want more of our gold but rather
whether it may not find it necessary to
encourage tho reflux of our money in order
to gnd use for it Such a situation as this
suggests a probability that European
baukers may direct their agents here to
lend moro or less freely in advance of the
anticipated return of gold iu payment for
our crops It seems reasonable therefore
to expect an early turn of the foreign
exchanges in our favor In the meantime
tho rates of exchange at all interior points
arc at so high a premium on Now York as
to suggest tho continuance of frco receipts
of currency by our banks It is truo that
the receipts havo been heavy during lato
weeks the total net cash remittances
arriving hero from the interior since tho
middle of April having amounted to about
30000000 which compared with the
reflux of recent jcars might seem to
suggest some probability that these
receipts may soon decline But it is not to
be overlooked that during last fall tho
treasury let out somo f70000
000 of cash which was drained off
into the interior as fast as it
come out besides which the treasury has
since that time issued nearly 50000000 of
new silver notes It hardly seems unrea
sonable to expect that with a compara
tively quiet condition of general trado
throughout the country this immenso infla
tion of the currency should bo followed by
a specially liberal spring and summer return
of money to this center Coupling this
probability with the prospect of favorable
influences from Europo both before and
after tho harvest it would not seem that
Wall street has any serious cause for appre
hension about tho courso of tho money
market from this time forward Still con
servative operators will wisely take into
account that tho loan market has been
drained to a point of sensitiveness and that
anything short of the immediate cessation
of gold exports might produce a stringency
in money calculated to precipitate a decline
in securities and for that reason I coun
sel the postponement of purchases until the
drift of tho money market can be more
clearly judged than at present
The transactions of the banks with the
subtreasury and tho interior during the
past week show a net gain to the banks of
nearly fivo millions Tho bank statement
which was issued today instead of Satur
day shows an increase in the surplus of re
serve amounting to 12250000 which places
that item 2000000 higherfthan it was a
year ago jHexet Clews
In advanced
wonderfully refj
rilla It ny
strong
are its friends
MARRIED UNDIES
JUCJ UU
JusIs i
bl 1 j t
truftibWai j
and smooth skin It doe s
digestion the
iuatiou Muni
years of age a
so common at i
remo e < them l
blood iiiuuirir
someJ < rs
reguL
at sour
JcVing l
i
Mt
tnic
remnv
tco tota J tuf
laj er j t
on f
CaojEas Cit7JJi > J i
position on the questic s
was ably delivered
We perhaps should srv
cane presented Col Cu o
ent from Mr W T Uass
A Clear Cctip v
Ieruna will prolucv
abiuti r dfjjij
ai se urV aff
hi la pr A
runa will do Each boi
by full directions foi u
taincd of your druggist
of Si page on th cun i
diseaaes and other di > oi > >
early summer will be si n >
runa Medicine Compan t
fl
THE WORLDS FAIR
SOME
INTERESTING
SPONDENCE
heart istithyou and I
render such aid a maybe < n i
My heart gees out to on >
that Texas cannot afford <
great i > ossibiiitic3 to W <
tunity pass to presert hor i
tho it orld for their lavoraol t
Wishing you health and cvr
the laudable work I am yours cc
1 Ti
nPnE = inrvrs Of ie
TUXAS WOKII s KILXIMr si
Foirr V outh Ttx Ma
CORRE
Governor Hogg and I x oirrnor lui
bock Heartily in laor ol li The
New Assistant ecrot irj
The Texas WorMs fur cv
tiou is actively at wort
Stein secretary of the an
association arrived in t ie > u
upon his duties as assisum
the Texas Worlds fair cxluii i
At the meeting of tho curt >
noxt week a iiormanrnt s
chosen It is thought thi u
days ten or fifteen ixMsoas u c
employed in the ec > cuttv t
iu this city The following coi
needs no comment LxCkut
Lubbock in a personal letter i i i
Hurley sajs I lully jgrw u
your directors iu our limit < jh
>
l fT
m
e
> 11
e
all
11U
I
h rar
Hon James S llogp UoiernorulT xj
el
I
i
CM 1
AS
tin Tex
Dcah Govekxok Tho dircc urs cf us
Texas Worlds fair exhioit c oria 3L
actuated byjouradvicegeuire Jsiuiwlj
and hearty cooperation m tne pafntj
movement inaugurated by the WorL s ur
convention recently held at Foit ortlij
movement having for its onj ooott a
proper Icprescntation of tho piodutsand
resources of our great cominonn aihj
the Worlds fair in Chicago in Is ia
alter due deliberation ami a fu > h
of the matter with the Hon H I In
ctt state superintendent of pmilic ttsruc
tion decided that the it st pa
impressive manner to raise the wc it
funds to carry on the great work be > u
will be through the medium of tit a nJt
schoolchildren and their 12 OW w h r > t
this great state
What better advertisement can we as a
commonwealth havo before tho i1 rs tiii
lions of people who will visit that < tu > oa
as to the integrity of our stat tlr s ity
of our homes and the spirit of pr ti j
our children than a marole slab a c >
trance of our building wluth wi > ititfnj
with the help of the good iwopo c Te i
will lead in size stylo and variei of pr >
ducts exhibited any building erf h
any other state in the Union lwv i
graved on that slab Erectut b iu
505000 school children of f vit
of Texas who represent a saU
with a school nnd umv r f
of 100000000 great is Texas t ie and
abide with us With that etui in r
directors most respectfully requi sT > J
authorize Hon H C Pritchett state s r
intendent of public instruction to a
one day early in November as a > toe u
day to be known as Worlds 1 p IK >
when on that occasion every c1 a
state may make its offering for hf g >
of our commonwealth through ls teai her
tho proceeds to be deposited in th bw <
Worlds fair depository tho Provides n
tional bank of Waco who are ier
200000 bond for the safety of ihe f < X At
engraved certificate suitably menbeu vr
be furnished each school rua mg M
amount of its subscription On th 3 certis
cate will bo the Texas state capitoi sl db
a likeness of the president of ih l
States and tho governor of Te < t
Trusting this measure will nvt m
your approval I beg tho honor of sjnmr >
very respectfully your obedient serwa
T J HuiurAPn er
To which the governor sent the f ir
ing reply
Executive Orrtrr
Acstix Mav 9 1 1
Tho J Hurley Esq Fort Worth Tex
Dear Sik In obedience to vour cc
eous request by favor of tho 2 th uJ v J
well as to discharge a duty to thj T r
state I shall tako pleasure ac w
Hon H C Pritchett state superintend1
of public instruction in designating o
day early in November as a school B lJ
to be known as the Worlds Fan l
which occasion every child may be aSwC
an opportunity to contribute its m to
influence in support of the mrx T at
havo Texas properly represented at t1
great Columbian exposition
With assurances cf great respect for Jvj
personally and with a willing coi J
in any legitimate movement to eiv Te J
proper representation at the place Ea3J
I beg to subscribe myself your cta > 5
servant etc J S HoGO i
The directors of the Texas Worlds j
exhibit association have their next wp
meeting at Dallas Thursday June 4
f
which time the entire programme for
management of affairs appointmea
officers and other Important busiao
will be transacted
Letters are pouring in from the kos >
tinguished men in the state commeaiS
the movement many of which will b Pi
lished Thero is not now any u ° ub ° l
that the people will sea that Texas a P1
erly represented at Chicago
FOR
InaJgetuon
BTIOWHS
All dealers Seep
tnfrmKk
i
dUordsrs w
BITTERS
ttle Gent

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