Newspaper Page Text
VOL XLm. NO 96.
BOCK ISLAND, ILL., SATURDAY, FEBRUARY 9, 1835.
FXUG3 TXXSZ2 CE3I3.
THE NEW ISSUE.
Cleveland's Response to the
THE B0SE3 TO PSOTECT CEIDIT.
ilarcst Sfet aaa
rtta a Few Ko-
i Maaey Option,"
Sara It Casta This Tiaac
Tka ttola People la Hawaii Fropojlng- ta
Hug Some Americana.
Waerisgtos, Feb. 9. Nobody ffuesl
the facta abont tho bund sale as to the
amount of bonds, the terms of sale, or the
method that would be taken to inform the
public as to the particulars of the transac
tion. The secret was well guarded, and
the result shows that even those who
thought themselves best Informed were
deceived. Speculation had credited the
administration with a determination to
sell anywhere from t),tiO),000 to rjW.OOO,
OUO In bonds, bearing anywhere from 4 to
5 per cent., running from ten to thirty
years, at an upset basis of from S per ce.it.
to Vi per rent. The last semi oftidal mis
information that was allowed to leak out
through the treasury department sources
fixed the amount at $l',000,0O3 and the
basis at SJ-i per cent.
Imbalance of tho Latest Message.
The truth, as finally disclosed by the
President in his message to congress, yes
tertlay that a prirate sale of &.', -W ',000 in
4 per cent thirty year bonds had been
negotiated on a basis of 3J per cent, was
In the nature of a sensational surprise.
This amount the president thought suffi
cient to cover the present necessities. He
plainly intimates that he is not looking
for any currency legislation, and says the
negotiations were cautiously concluded
for the loan so that in the event of failure
of timely legislation no time might be
lost in reinforcement of the gold reserve.
The bonds are payable "coin," and the
interest, everything deducted, will net
the holders per cent.
Uas a Wliack at the "Option."
Tho president tells congress the word
"coin" costs the United States i per cent,
interest which in thirty years on the loan
will amount to tHi, 171,770, a sum, he Inti
mates, that we have to pay for the sus
picion that the United States might
claim that "option" to pay in "cheap"
money, lie says the lenders in this case
would willingly let tho government have
the money at 3 percent, if given bonds
payable in "golu," and there is a privilege
reserved in the coutraet for the United
States to substitute at par such gold
Ixmils at 3 It cent, for those negotiated,
if congress will authorize the same.
Should Never lie but One standard.
The president says: "Of course there
never tthould lie a doubt in any quarter as
to the redemption lupoid of tho bonds
of the government which are made pay
able In coin. " Therefore tho discrimina
tion in tho judgment of investors between
our 1 ond obligations payable in coin and
those specifically made payable in gold is
Very siKniHaint. It Is hardly necessary to
Bupg rst that whatever may be our views
on the subject the sentiments or prefer
ences of those with whom wo must nego
tiate in disposing of our bunds for gold
aio not buhjitt to our dictation." He
closes with the statement that the loan
announced is believed the test
neaus at this time to "insure
the maintenance of the parity in
value of the coins of tho two metals and
the equal power of every dollar at all
times in the markets and in the payment
EXPLANATION OF THE TRANSACTION.
Law Vader Which the Deal Was Made
Feature of the Business.
The bond transaction referred to in the
president's message, strictly speaking Is
not a sale of bonds for gold, but a purchaso
of gold to be paid for in bonds. The issue
was not made under tho authority
granted by the resumption act, but under
Bcction 3TO0 of tho revised statutes, which
reads as follows: "Tho secretary of the
treasury may purchase coin with any of
the bonds or notes of tho United States
authorized by law at such rates and upon
such terms as he may deem most advan
tageous to the public Interests."
The contract was inadn with August
Belmont & Co., of New York, on behalf
of N. M. Kothschild & Sons, of London,
and themselves, and J. V. Morgan & Co.,
t New York, on behalf of J. S. Morgan
4c Co., of London, and themselves, and
provides for the delivery to the United
States of 3,WU0 ounces of standard gold
coin of the United States to be paid for
In United States 4 per cent, bonds. A
large number of other banks and finan
cial institutions are interested in the
transaction, but their names are not men
tioned in the contract itself.
The agreement on the part of Morgan
and Belmont to use their best endeavors
to prevent gold from being withdrawn
from the treasury was understood to
mean that no part of the gold bargained
for should cither directly or indirectly be
taken from the treasury, and therefore it
Is fully believed that tho reserve will be
augmented by the f uil amount of goM
Tc Ret. V. J. Walker's Puter.
Fanetauw. Jaclann Co. Mu.
11H. It. v. flEHCS:
Drar Mr 1 wish to
inform you of tbe
benefit my wife has
received from the use
of your medicines. I
must ray that your
tion " is the best fe
male revulator on
earth; nijr aire has
been cured by the
tamely use of n
t 1 have been ustng
the "Golden Medical
r Discovery" and
neasani s ri lei,
and I am fullv aat
Wied thev are all voa
new w w..m claim them to be: sn.
wishing; run abund
ant success, and hnninr that the Almightv
(iod will continue His Messing toward you
in your noble work, I am.
W. J. WALK EH.
l OB nOKEY IS BXlXXDClfc
BeacJag 3 3-4 frr Cent, la
tdKaa Thirty Tears, 1
mU-ks KeflrctiaK aa a
d What lie
DEATH FOR SOME AMERICANS.
Tho Dole GmnmfM in Hawaii Tropeae
to Haas a Coaple of La.
Washington, Feb. . Affairs in Hawaii
have taken a turn that has caused the in
terference of the United States govern
ment again, as is made evident by two
telegrams sent to congress by the presi
dent. The first is from United States
Minister Willis to Secretary Gresham.
dated Honolulu, Jan. 30, wired from San
Francisco Feb. ft, saying after a brief
reference to the recent "rebellion," in
which three persons were hurt more or
less: "Court-martial convened on the 17th;
has tried thirty-eight cases; f) or more to
be tried and daily arrests; Gullck. former
minister, and Seward, minister and major
p-ncral of the array, both Americans, and
Kickard, Englishman, sentenced to death;
all heretofore prominent in politics."
Further the minister says that T. B.
Walker has been sentenced to imprison
ment for life and o,0"0 fine. "Other
sentences not disclosed, but will probably
be death. Have requested copies of the
record for cur government to determine
its duty before final sentence, but have
received no answer yet. There is a bitter
feeling and threals of mob violence, which
the arrival of the Philadelphia yesterday
In response to the above Secretary
Gresham addressed the following tele
gram to Minister Willis: "If American
citizens were condemned to death by a
military tribunal, not for actual partici
pation in reported revolution, but for com
plicity only, or if condemned to death by
such a tribunal for actual participation,
but not after open, fair trial, with oppor
tunity for defense, demand delay of exe
cution, and in either caie report to your
government evidence relied on to support
When these facts were read in the sen
ate the men who are advocating a cable
made remarks about how easy it would
be to stop this if we only had a cable and
nearly shod tears when it was intimated
that Gresham's dispatch would have to go
to Honolulu on a British ship. A few
days ago when discussing the Hawaiian
rebels some of the members of congress
thought that tJ follow the practice of the
"most civilized nations" and hang some
of the rebels ould be about the right
thing. None of the senators could have
had such thoughts unless it wight be
For nearly all the speakers declared the
execution must be stopped. One of the
men to die Seward ivas well known to
Hawley and he said it was ridiculous to
charge him with this conspiracy. What
made it barely possible that Morgan was
one of those who thought a little death
would be well in Hnwaii was the fact that
he came out pluniply with the statement
that he would have n.oro respect for
Hawaii if she shot a traitor than if she
forgave him. The talk drifted into the
leniency of the north at the end of onr
own "littlo unpleasantness' and the mat
ter was finally laid aside.
OUTGO OF GOLD ARRESTED,
Bat the Outlook for Business Shows Little
or No ltnproreuieot.
New York, Feb. Ii. G. Dun & Com
pany's weekly review of trade snys: For
a whole week the confident expectation of
the sale of bonds has keep back exports
of gold. Withdrawals from the treasury
amounted to about (i,ik),U)), but were
mainly - for domestic purposes. No bond
bill has passed or Is likely to puss con
gress, and in the two months ended with
Feb. 1 the treasury actually lost $i7,0U0,
JOJ In gold, of which lO.-H'J.OOO went into
circulation and Ai,3Mi,0UU, besides the
product of the mines, went abroad. To
arrest this outgo in either direction is a
problem which another issue of bonds may
The condition of industries if not defi
nitely better at least presents some points
of encouragement. "o advance in the
prices of manufactured products indicates
a better demand. On the contrary iron
and steel products have slightly declined
for the week and for the month, and in
comparison with prices of October, 1S.W,
are but 54. 1 per cent., against M.8 per cent.
Jan. 1. Some reductions of waves are re
ported in bar iron, and the demand for
rails does not increase.
At Chicago things are brighter, pig iron
is In better demand and fair orders are
coming for bar, but structural orders are
delayed by severe weather. Tin has been
lifted a shade by speculation and lead is
sternly but copper is slow of sale and weak
at WB cents for lake. In cotton goods there
has been a reduction in some brown
sheetings, while other qualities are mov
ing fairly at unchanged prices. The gen
eral tone of the market, however, is not
particularly encouraging. A large auc
tion sale of silks resulted in prices about
10 per cent, below the recent market or
Xo improvement in the prices of farm
products has resulted on the somewhat
active speculation during the week, wheat
being only M cent higher than a week
ago. with western receipts only 7!,U31
bushels, against 2,3M0,o6 last year, while
exports have been a little smaller. Re
ceipt of corn have been small, but prices
have slightly advanced. Failures for the
past week have been SSI in the United
States against 385 last year, and 56 in
Canada against 6J last year.
Murderer Break Jail.
MrnniTSBOKo, Ilia, Feb. 8. Frank
Jeffry, who was to be tried next week on
the charge of murder, has escaped
from his cell in jail here, and is
still at liberty. It is extremely difficult to
hunt for him, as the weather is the cold
est of the year.
Preside at lal SnaalaaHoaa.
Washington. Feb. 9. The president
has tent the following nominations to the
senate: War Brigadier General Thamas
Howard Kuger, to be major general.
Postmasters Charles W. Parrott, St.
Charles, Minn; John J. Thurston, St.
Caroline Hamtttoa Seeks Divorce.
New Yobk, Feb. 9 The World says
Caroline Hamilton, the prima donna of
the Bostoniana, has entered suit for abso
lute divorce against her husband, Charles
Edward Hamilton. Statutory grounds
are alleged in ths complaint.
Salt rheum with its intense itch
ing, dry. bet skin is cured by Hood's
Sarsaparilla, because it pnfiSes the
Crushed Out While at Work in
RUN DOWH BY AS EXPRESS TEA IN
While DlKcias A aether Traia Oat of the
Sajow Blunted bjr the Eleaaeats They
Do Mot Seo tho Deafer la til it Mesas
Death Two Steam retries with elxty
Harrisbcks, Pal, Feb. 9. While dig
ging out a snowbound train on the Penn
sylvania railroad, near Luc know, ten men
were run down by a section of the Pacific
express. Two were killed instantly, two
Injured so badly that they lived but a
short time, and a fifth is at the city hos
pital with a fractured skull, his arm
broken in three places and severe contu
sions of the face. The dead are: John
K. Darr, Xoah Nye, George M. Stroup
and John Crossley. Fatally injured, Ben
jamin Otst. Under the direction of
Supervisor King the men were releasing
two engines which had b n stalled by
the blizzard. The snowbound train was on
the east bound passenger track, with tbe
men, armed with shovels, all around it.
enow feo Thick They Coalda't Bra.
As fast as they cleared snow away the
wind would drive it over them and on tbe
track on which the imprisoned cars stood.
The air was full of it, making it difficult
to see in any direction. Suddenly one of
tbe workmen cried: "Look out." Coming
up the westbound track was one of the
sections of tho Pacific express which was
scheduled to arrive at 8 o'clock in the
morning, but which had been belated al
most twelve hours. Before the men could
get out of the way the express struck
them. Darr and Xye were killed instant
ly. Stroup was so badly hurt that he ex
pired on the way to the hospital, and
Crossley died while on the operating
TWO STEAMERS IN THE ICE FIELD.
Sixty Mea on Board Without Fae Car
Ferries in Peril.
Milwaukee, Feb. 9. Two miles off
Manistee harbor, surrounded by largo ice
fields that extend for miles into the lake,
lie two large steamers, helpless and with
out fuel. Aboard of them are about sixty
men and a large consignment of merchan
dise. They are the large car ferries Nos. 1
and 5, of the Ann Arbor line, whose mas
sive ice crushers have heretofore been. con
sidered capable of plowing through any
part of the lako in winter. Iho Ann Ar
bor line has asked Mi! waukco vcssclmcn
to send relief, and arrangements huve been
made to send help to the icebound vessels
from Ludinjrton today. The boats have
becu fast in the lee since Feb. 1, aud every
ton of coal has been burned to keep tho
crews from freezing.
Two Little Ones Cremated.
Bsainci:i. Minn., Feb. 9. Tho resi
dence of Nels Hanson, n settler eighteen
miles west, was burned, und his two
children, one 4 years aud the other a baby,
were burnefl to death. The parents hud
gone some distance from home.
Legialatiou for the Frail le State.
Springfield, Feb. 9. The senate ad
journed to Monday, but the house for the
first timo this session adjourned to today,
with poor prospects of a quorum. The senate
ordered to third reading the bill granting
woman suffrage in certain township elec
tions. Itills introduced: Appropriating
fc&tioO for a home for indigent mothers,
widows, and daughters of deceased sol
diers; authorizing cities and towns to tax
"foreign" fire insurance companies for
the benefit of the local tiro department.
In the house a bill was introduced to re
quire the Illinois Central railway to sell
l.xi.Ooo acres of land in southern Illinois.
It is part of the state grant to the road.
Another bill is for local option in towns
and cities of lUO,euo or less population.
The bill limiting the time for contesting
wills to two years passed. . ,
Death Feaalty la Mtchlgaa.
Lansing, Feb. 9. Keprescntativ; Fuller
introduced a capital punishment bill
which provides that all cases of premedi
tated murder, or when resulting from tbe
perpetration or attempt to perpetrate
arson, rape, robbery, or burglary, shall be
murder in the first degree and punishable
with death. Persons convicted wholly on
circumstantial evidence, however, shall
be punished by solitary confinement for
life. The Detroit board of health bill,
which has for its purpose the clipping of
the wings of Mayor Pingree, suffered its
first defeat in the senate, there being but
sixteen affirmative votes, with six nega
tives. It will be reconsidered.
Peril of a Priest at Chicago.
Chicago, Feb. 9. Disorderly members
of the Polish parish at Webster and
Hoyne avenues surrounded the priest's
house. They became so violent in their
threatened demonstration that the Kev.
Father Gibrowski, niiadful of the diffi
culties that have beset the church for the
! last month, escaped through a side door.
' Joseph B.)binski, a friend of the priest,
drove by at that moment and the clergy
man jumped into his cutter and was soon
beyond the noise of the disorderly crowd.
Coaaitl Fined for Carrying a Billy.'
NEW York, Feb. 9 Ruflno Bianco, SI
years old, consul from Venezuela at the
port of Philadelphia, was fined t3X) in the
court of general sessions by Bocorder
Go II, a jury finding him guilty of carry
ing concealed weapons. He carried a
"blackjack" in his pocket and assaulted a
Insaranea Basiaeaa ia Illiaoia.
SruiXGFlELD, Feb. 9. The annual re
port of the state Insurance superintendent
gives the following as the business done
in the state the past year by all com
panies: Kisks written. si.ios,u57,tiM ; pre
miums received, $1.051,255; lasses paid,
Traia Bobber Gets a Stay.
PnCESIX, A. T., Feb. 9 A stay of exe
cution has been granted in the case of
Train Bobber Rogers, who was to have
; been hung here ytatcrjay, the first under
j the new law making train robbery a death
LATE NEWS OF THE DAY.
Now Jadiclal District for lUlaoU-Xhe
Washington-. Feb. 9. The presi
dent today signed the art creating a
new judicial district for Illinois to be
known as the Seventh.
The Overdue Steamers.
Sew York, Feb. 9. The overdue
steamers in addition to the Teutonic
and La Gascogne. are the Red Star
line Rbinelander. 14 days oat from
Antwerp; the Bolivia. 16 days from
Gibraltar: the LlandolT City." 18 days
from Swansea: the Manitoba, 15
days from London; the Wittibind, 13
days from Bremen; the Tarrmine. 1C
days from Hamburg. - Tbe Umbria is
due today, but is not likely to reach,
SEVERE STORM IN NEW YORK.
Ferryboats Compelled to Stop R owning
Ua the F.levated Reads.
New York, Feb. 9. The worst snow
storm since the blizzard of March 14,
1888, started in and has continued unin
terrupted up to the present time. Traffic
on surface street railways is much de
layed and in consequence the elevated
roads are being taxed beyond their capac
ity, under normal conditions, with that
capacity reduced two-thirds by the storm,
the delay is most annoying. Trains were
running twenty and twenty-five minutes
apart and as they stopped at the station
the cars were so full that in some in
stances the gates could not be opened and
no one could get in. Women were puliod
out over the railings, but hundreds of
people were carried by their siatious.
Men not only filled all the platforms
but clung on outside the railing of the
rear platforms, in peril of being thrown
off at the curves. On the North and East
rivers, where the storm had a clear sweep
and where the running cakes of ice added
to the danger the ferry boats stopped run
ning when the storm was at its fiercest.
They made half hourly trips during the
night and just before dawn stopped run
ning altogether. - The greatest danger
was experienced in the ice cakes in tho
river. The Blips were filled with ice and
a boat could not reach her dock without
Jack Babbits for the Needy.
Las Animas, Colo., Feb. 9. The Bent
county annual jack rabbit hunt, lasting
two days, resulted In the slaughter of
6,522 rabbits. Tho rabbits will be shipped
to Parson Uzzell, at Denver, to be given
to the poor.
A (ream or tarar Mkine powder. Highest of
a'l in leavening streneta. Lateit United State
Gortrnmtnt Fuoi Heporl.
Botal Bakins roa-DEB Co.. 106 Wall 8U N. T.
7 Per Cent Loans.
AS SAFI AS
; The following is a partial
list of completed gilt-edged
nrst mortgage loans on band,
which we offer for sale, sub
ject to previous selections,
for their face and accrued
interest. These loans have
been carefully selected by
ns. and are first-class in
every respect. They are all
7 peb cent net to the inves
tor. We have many other
loans to offer, if these are
not in amounts to suit the
Tbe securities we offer are
especially adapted for the
investment of savings and
trust funds, as our personal
attention to all the details of
the loan, from its date to its
maturity, relieves the hold
er from all annoyance except
- to present his coupon to us
for collection. For further
information call at the of
JACKSON & HURST,
GEO. F. BOTH, gqt Lcaa Deparuaect.
20 Per Cent
Suit or Overcoat in
The House. None
The Blue Front.
leaving Bock Island February
14th. Why not join this excur
sion to the land of
Sunshine and Flowers,
where the climate is a composite
of all delightful months. We
can insure you an enjoyable
trijver the most picturesque
routes in a Pullman Tourist
sleeper under the personal
charge of J. C. Basmusscn.
The cars being nnder onr con
trol, the traveler is secured
against objectionable company,
over-crowding and relieved from
all anxiety regarding details of
the journey, every attention be
ing given to the
Comfort and Pleasure
of passengers. Tbe excursions
have a two-fold object, first to
carry people to the garden spot
of this country; second, if this
decent from desolate winter Into
rosy June delights the traveler,
we are prepared to show lands in
the Santa Clara Valley, ranging
in price from $65 to $100 per 1
acre, of which any zu acre patch
will yield a royal income when
planted with olives, prunes, etc,
etc. Terms of sale one-fourth
down, balance on or before six
years, or If you prefer, $10 per
month until paid. We make a
rebate on railroad tickets to all
purchasers of land. For further
particulars apply to
J. C. EASUUSSEN
or HEIDI EROS.
BOCK ISLAND. ILL.
ing, Binding, Etc.
Dress Makers and Seamstresses
Attend Madame Kellogg's school of Dress
No re-fitting. No re-basting. No paste-board 1
chart or model, but a
Genuine Tailor Syatcni,
Such as our Merchant Tailors use. Thorough
Insiructious given in the art of
Boning, Finishing, and
y Matching Ornamental .
Lessons not limited. School ooen dav
Ryan Block. Second Floor, Davenport
BUSH'S CORN CURE
A Positive Cure for Corns, Warts and Bunions
PBICE 25 CENTS.
This remedy is told nnder a positive guarantee; and we will cheer
fully refund the money if yon are not satisfied with the reenlta.
Different from any other, it will allay the pain instead of making
the foot aore. It has been tried by many, who praise it highly. v7e
can furnish testimonials if desired. Try it, ana suffer no longer.
Manufactured by HORST VON KOECKRITZ,
Analytic and Manufacturing Pharmacist, Fifth Avenune Pharmacy,
corner Fifth avenue and Twenty-third street. Book Island.
For sale at all shoe stores.
You cant miss it.