Newspaper Page Text
TIT H A KG-D'isi FRIDAY NO VEMlifttf 1 31891.
The Brilliant Journalist Crosses
the Dark River.
Highest of all in Leavening Power.-
HIS SUDDEN DECEASE A STJEPEISE.
Some Mere. Selections from the
Bankets' Discussions. ,
. HEW SOHEKS IU EILVEK PEOPOSED.
Mr, St. John Hit Some Iiieas Which He
Presents a a Knlatlnn or tli Pr ible m
A Wall fitreet Mail In Defense of
the Mock Kachange Emertainlns
Talk on Speculation and What It Is
Gooil for Debtor and Creditor with an
1 Hunt rat ion.
Xew Oiilkans, Xov. 13. The silver
question auii tlie morals of Wall street
occupied a great portion of the Jay in the
bankers' convention yesterdty. Silver
hail the riht of way auJ W. P. St. John,
of New York, was the man who had a
scheme which be thought would solve the
prohjem. Said be:
Cease bavin silver bullion and restore the
Vniied States coinage system founded with
the mint in ITU! and only abropated in 173.
Thafeia, reopen the mints to equally unrestrict
ed coinage for sold and silver. As the best
method, allow own? rs of (cold and silver to re
ceive It-Hal tender notes at cniu value instead
of coin at thoir option, the notes to be redeemed
in either coin at treasury option, but the sec
retary to redeem in bullion, at not less than
the coin value thereof, on request of the hold
ers moderate coiuaKo to be prescribed, all
remainder to be coined or not at the secreta
ry's discretion; all the gold and silver bullion
and coin resulting to be held as dollar for dol
lar metallic reserve for the notes outatand
A New Silver Hollar Proposed.
Ail treasury notes of the act of 18HU, and gold
and silver certificates when received to be re
placed by the proposed new notes secured aa
provided and redeemable as prescribed; the
president of the United States to be required
to proclaim our adoption of the European
coinage ratio for pild and silver when conti
nental Kurupe reopens her mints to silver;
our mints thereupon buying up onr silver dol
lars then outstanding at a premium of 3 cents
each and replacing them with silver dollars
containing .'WO grains pure silver. By sncb a
provision of our statutes, and without inter
national entanglement, we assure Europe
uK&inst a flight of our silver dollars for recoin
age at their mints, and assure ourselves
against bucU a contraction of our current
money whenever Europe reopens her mints to
Not Afraid of European Bullion.
Mr. St. John dismissed the alleged Im
pending avalanche of Europe's silver with
statistics of the financial condition of ail
the European nations in detail, showing
their need of their present silver money
in every case. His proposition also con
templated the refusal of gold for the legal
tender notes and their redemption in sil
ver only if ever the secretary of the treas
ury suspects a flood of foreign silver for
A DEFENSE OF WALL STREET.
The Stock Exchange and Its Methods
George Hut ledge Gibson, of New York
city, addressed the convention on the sub
ject of "Wall Street." He said in the
course of his address: "The principle of
speculation is inherent in all business; it
is, indeed, but another name for foresight
sad progress. It expresses itself perhaps
more quickly and palpably in a stock ex
change than in purely commercial circles,
just as a wave of heat registers kself more
quickly on a bulb of mercury than upon a
bar of iron; but the heat is there exactly
the same in both instances. The merchant
endeavors to read the future, and prepares
himself for it; the manufacturer sells his
goods in advance of their production; the
contractor agrees to build a house before
he owns a plank or board or nail or to
build a railway before he buys a cross tie,
a rail, or a shovel.
The f armer la "in It,' Too.
"The farmer who markets only enough
of his wheat, or the planter of his cottou,
to meet ca.h necessities, and withholds
the remainder because he expects higher
prices for his nroduct, and not because he
wishes to consume such surplus, is mor
ally as much of a speculator as the person
who, also with a view of reselling, tries
to buy the farmer's wheat or the piaster's
cotton at current prices. The Hank of
England, that Gibraltar of conservatism,
which occasionally" goes into the I.oikIou
money market to borrow on its consols
for the purpose of stiffening the rate of
money by absorbing the supply of loana
ble funds, performs a speculative net an
distinctly as Vanderbiit, a larga owner of
Lake Shore, would perform if he went
into the block Exchange and purchased
all of that stock il outing on the market iu
order to create higher quotations and a
What Influences Wall Street.
"When a killiug frost blights a farm in
the northwest, or a destructive flood sub
merges a plantation in the south, AVall
street takes immediate note of the fact,
and if general damage be done to either
section, all the railway and other corpo
rate properties located therein whose
hares are held or dealt in are immediate
ly depreciated in value. The destruction
of property by the great Chicago fire was
'estimated to have depreciated Stock Ex
change securities iX, 000,000. On the
contrary, if crops are large and farm pro
ducts high, the values of these properties
reflect the prosperity of the agricultural
Speculators and Legislation.
"It is sometimes alleged that a corrup
tion fund exists in Wnll street designed
to promote legislation hostile to the coun
try. This is palpably absurd, for nowhere
is to be found a wider diversity of views
as to. political and financial measures
than within the purlieus of the Stock Ex
change. Republicans, Democrats, mug
wumps, free traders, protectionists, sia
- gle standard men, bi metal lists, debtors
nnd creditors, all shades of opinion and
sentiment mingle there. Wall street
itself is largely composed of brokers, who
Act as agents for their principals, who
maj1 be a western farmer, a southern
planter, a New England manufacturer, as
well as a local capitalist.
Tlie Keward of Capital.
"If the western! farmer or the southern
planter thinks thnt the railroad running
through hisection ismaking more money
thau 1L siiouid n't. mm economize ami in -res:
his accumulation in the property and
thns becotie a beneficiary of its prosperi
ty As a mailer of fact, however, experi
ence ai d s at istics show that the railway
corporal tots of itns country have njl ac
quired an .intiue proportion of the reward
of industrial and commercial growth dur
ing the ps't thiriy or forty years. Accord
luit to Po'ir's Manna!." the total capital
inves.ment iu railroads iu 1S9 1 was $10,
122.1KK),000, the ross earnings being 10.8
percent, and net earnings 3.4 percent.
Thus over t wo-thmis Of all the earnings
went to libor and supplies, the capital
getting for its share loss than 8 per cent.,
whereas in England, where lower interest
rales genertlly prevail, the return on rail
way capita is 4 1 per cent. The reward
of capital sinnld be proportionate to the
The t'reditor an ! the Debtor.
"I knowr thfit it is very common to as
sail capita as hostile to labor, but capital
is itself the product of labor and to deny
to it its nat'irsl fruit is to deny to labor
its natural reward. Caoital is the result
I of abstinence, or labor stored up, and it is
i . . .. i I., i r t.-u : . ....i
i.ui ptri' oi tveni'u lisen w uicu u-v
for purpos s of reproduction. 1 he west
ern farmer sorrows money, saved by the
industry atid frugality of the eastern
manufacturer or laborer, and he spends
the money thus borrowed in buiidiug
new farm houses and fences, or adding a
new tract of laud to bis estate, or in buy
ing new implements of agriculture. If a
few bad seasons come, or prices are low,
or he is improvident and extravagant,
and if misfortune overtakes him, be con
demns the money-lender as an oppres
Illustration of a Toint.
"Perhaps t is human nature for the
debtor to dislike the creditor, but, never
theless, the creditor equips the debtor
with a command over the implements of
commerce, Inch, if prudently and intel
ligently employed, will lift him up to a
higher estate. During the war when the
credit of our government was at a low
ebb, German investors and speculators
bought our bonds, and events justified
tbem in their confidence iu the integrity
and resource-t of the north. It would be
bad grace, indeed, for us to condemn them
for their conudenca in us at a tima when
we could obtain credit nowhere else in
Europe, aud to assail tbem with epithets
for having mi le money out of our neces
sities. They did not create the necessities;
they relieved them."1
ORDERED TO DENY EVERYTHING.
An Official Iipatch to the Itrazllian
Minister at Washington.
Washisgtos.Nov. 13. Senor Mendonca,
the Brazilian minister, yesterday received
the following cablegram from his govern
ment at Kio de Janeiro in regard to the
situation in that country:
"Continue to deny alarming reports spread
through Euri e in regard to the restoration
of a znnnarrhy and disturbance of public order
iu Brazil. Kio de Janeiro is perfectly quiet,
business is satisfactory and lively, with confi
dence in the government. News received
here daily announces perfect quiet in all the
slates except H io do sSul. lieny London Times
telegram and declare that there' is no general
discontent in tl e country.
No show ftr a Monarchy.
The government will shortly fix a day for
the congressional elections, according to tht)
election laws. Restoration of the monarchy Is
opirosed almost universally, as a matter defi
nitely settled. Ouray-l'reto, Nabui-o. and all
the old monarchists are enjoying iierfect free
dom. Exchange is conducted with security,
and confidence in the government's stability
is general. The iiiink of the Republic is not
giving artificial quotations, and the English
banks are deaiii g in exchange with freedom;
they declare th it the reports to the contrary
are circulated by the enemies of the republic
A WEARY JOB FOR NOTHING.
The Wnnpnn. M is., KsraMd l'riaufier
"Al I'A.v, is.. Nov. 13. Iloliert X.
West, John St.itg and Ferdinand Mack,
the three life prisoners who escaped from
the state prison at this place Wednesday
through a tun: el which they liaj slowly
and laboriously iiored during; a ion peri
od, were rrnpi ured yesterday umrniug at
l.nke Emily, fourteen miles from this
Violated Hie t'oiumt-ree tun,
Clin a;o, N v. 13 The investigation
of the alleged i iula: ions of the iuteritate
commerce law by Chicago railroads io
giving special freight rates to the big
packers at the s-Uuk yards was begun by
the federal grind jury yesterday. Ihe
manner in whii h these rates were given
was shown to h ive been by a clever sys
tem of rebates, the full legal rate being
charged up. to the firm, but a discount ul
lowed after the bills were paid. Iu this
maimer the liea.-y shipper got from 1 to 2
cents lower rates thau the smaller people.
Cremated 1 i an Klevator Shaft.
Xew York, Hov. 13. Phillip Soders
trom, nn elevate r boy employed in the Al
pine flat buildicg. Thirty-third street and
Broadway, -wenl to the bottom of the ele
vator shaft for he purpose of recovering
some trifle whic.i he hud dropped therein.
He struck a mat ih and in some way set.
the rubbish which had accumulated on
Are, and before assistance could reach him
he was burned t n crisp. Tueteuautsof
the buildiug w -re panic-stricken wheu
smoke began to (ill the ballwas, but the
firemen soon extinguished the flames, and
the alarm subsid 'd.
Mormons t Work in Kussia.
St. PfcTEsiH'i:i, Xov. 13. The author
ities of the fam ue-stricken province of
Saaria are dealin i with a new evil iu the
shape of an invasion of Mormon mission
aries from America. These are conduct
ing au active ca npain among the poor
peasants, who ar induced by their cir
cumstances to rendily believe sny story
about the promised land being at a dis
tance away from Russia. The Mormons
invariably select for their victims fami
lies that have several jgirls.
A Short Review of the Career of a Se
mat-knble Man Mis Phenomenal War
Record and Creation of New c!iool
of Journalism, One That Caused Him
a Lot of Trouble, However 'Z.icli"
Chandler's Hunt for "Dion Pott."
Cleveland, O., Xov. 13 Word was re
ceived here last night announcing tho
death of Don Piatt at his home, Mac-O-
Chee, yesterday afternoon. Colouel Piatt
had been suffering for several weeks with
a complication of diseases induce! by "la
grippe," hut it was only in the last few
days that his illness was regarded as at
all serious, and his death was a somplete
rurprise to his many friends in this vicin
ity. Fonnded a Free Trade Monthly.
Colonel Piatt has resided quietly at his
country home in Logan county e.er since
bis retirement from active journalist io
work. In he was called from this re
tirement at the urgent reques. of Mr.
Cleveland to fonnd Belford's Free Trade
Monthly Magazine, in ,Xew York. He
remained at that work upwards of a ye.;r.
when !ie returned to his country home,
aud at the time of his death was euuaged
unon an elaborate biographical history of
Ueneral ueoige 11. Thomas.
Short sketch nt Ills Career.
Col. Piatt wm born in Cincinnati. O .
nn June 2!t, 1810, aud was educated at St.
Xavier college and iu lh51 was appoini rd
judgeof the court ofc3mmon pleas of Ham
ilton county. At the end of his term ho
was secretary of legation at- Paris duriug
President Pierce's administration Dur
ing part of the civil war lie was on t be
stall of General Robert C. Schenck. Sinco
then he has devoted himselr to farming
and literature, having fouuded andediled
the Washington (D. C ) Capital for two
years. He has published a sharply criti
cal work ".Memoirs of the Men Who
Saved the L nion.
His Brilliant War Iternrd.
Donn Piatt's doings during the war anil
since are well known to al conversant
with the public affairs of the time. He
enlisted as a private at the sound of the
first shot. Before his company set out for
the field he was elected captain. His ca
reer on the field was such that he was soon
made colonel. He was soon afterward
made chief of stall to General Schenck, in
which capacity he served until the clo-e cf
the war. He was made a member of the
court that investigated the Harper'sFerry
disaster, and wrote out the finding of the
commission in so striking a manner that
be was made judge advocate of the court
which tried General Buell.
A JOURNALISTIC REVOLUTION.
Nobody Spared by the Pen of the New
Writer for the Press.
After the war was over Don Piatt en
tered journalism. He was one of the as
tociate editors of the Xew York Sun, and
afterward, in company with George Al
fred Townscnd, established the Washing
ton Capital. Townsend remained upon
the staff but a short time aud Piatt be
came the sole proprietor. Then began a
nreer of journalism that slowly re vol u
tionizd the entire profession. The press
bad up to his eoteriug in the field always
poken courteously of presidents, sena
tors, representatives and other officials,
but. be started on a new tack. Said, . ha
later: 'It was my business to ' pull 'the1
polished veneer off these idols and expose
the cheap stuffing of which They were
Had Some Trouble Occasionally.
Piatt was a veritable free lance and at
tacked everybody and everything, indulg
ing freely in personalities and exploiting
official and family scandals. He was a
particularly fierce critic of Grant's
administration and of his appoint
ees. He was a fighting enemy
Df the lobby, but was as often
wrong as right iu his attacks.
He was several times assaulted and horse
whipped on account of articles which be
bad printed, and on one occasion a na
tional scandal was created by the action
of Senator Zach Chandler, who, with a
big pistol in his hand, ran up and down
Xewspaper How one busy night lookincr
eagerly but unsuccessfully fo 5"Diou I'o t,"
who remained in hiding.
Was a Very Vigorous Writer.
Donn Piutt could put more dynamite
into a sentence than nuy other man of his
time. His selection of words was perfect
and his charming style brought oui their
fullest emphasis. However unpopular his
sentiment may have la-en on any sub
ject, he was never accused of writing n
line that wus not interesting. He said
what he had to say and then quit. In ail
he produced, whether state paers, tariff
article-, uovels, short stories, delicate love
souuets, or critiques, he was ever prac
tical. Lis t;:sU ever elevated, and his style
f i inai ing.
A Llid'ereut Man ill Private Life,
There was no milder-looking man than
Don Piatt. The tetuler, almost caressing,
glance of his clear browu eyes and the
kindness of his smile instantly lulled the
Pf n hensiou excited by the announce
ment of bis name. Xortlid he carry into
his private life any of the bitter ciuicism
that made his name a terror to politicians
audio snobs. Of Ihe qualities known to
the public he exhibited to his friends only
his keen wit. broad views, and unswerv
ing loyalty He was the most indulgent
of hu.-b inds to iiis invalid wife, the. most
faithful of friends, the most jovial of
nun pan ions, and the most unrelenting pf
Propus Hatch for Sfieaker.
St Lot is. Nov. 13. A number of Mis
souri congressmen are iu the city and
yesterday they held a secret meeting at
the Southern hotel. What was done can
Dot be certainty stated, but it is generally
understood that an address was prepared
calling uiou representatives throughout
the country, and especially in the south'-
west and northwest to support Represent
ative Hatch, of this state, for speaker.
Meeting of Abolitionists,
IlAUTFoltli, Xov. 13 A numl-er of old
time Abolitionists met here Wednesday
Bight and appointed a committee to make
arrangements for a banquet and reunion
iu Hartford during the coming winter.
All of thoe present were gentlemen of
vigorous old age. .
K Lonely He Preferred to Die. ,
WiLKESBAr.KE, Pa., Xov. 13. Fred
Weber, the only inmate of the Wayne
county jail, committed suicide by strangj
ling himself.- He -left a note saying that
the place was too lonely, anft gave that as
reason for his act. v.
the old-fashioned pill. Too
reckless in its way of doing
business, too. It' cleans you
out, but it uses you up, and
your outraged system rises .up
against it. Dr. Pierce's Pleas
ant Pellets have a better way.
They do just what is needed
no more. Nothing can be
more thorough nothing is as
mild and gentle. They're the
smallest, cheapest, the easiest
to take. One tiny, sugar
coated granule's a gentle lax
ative three to four are ca
thartic. Sick Headache,
Constipation, Indigestion, Bil
ious Attacks, and all derange
ments of the Liver, Stomach
and Dowels are promptly re
lieved and permanently cured.
: Shirt Factory :
We axe now prepared to take
your measure and make
Prices asow s the Lowest.
AH kinds oWpslnng done.
Also agent for Bockford Clothing Company.
Fine cattom-made pants from (3 to $10. - -
1609 Second Avenne, Rock Island
Over Looeley's Crockerr store.
Is not a cotmetie In the swi In wbtco tbrt term
Is popularly need, bat permanently beautifies. It
creates a sott. smootb ciear.xeivety skin, and by
daily use gradually makes ihe complexion several
shades whiter. It Is a cocstant piolectifn from
ttie effects of ettn and wind and nieveurs nn
burn and freckles, and blrckheads will neier
come while ou use it. It rhauses the face far
oeuer tnan soap ana water, romlsbes the skin
tissues and tbun prevents tie formation of wrink
les. It gives Ihe fresbmss. cleirneis and smooth
ness of pkin trat ou had when you was a little
girl Every lady, young or old, bught to oe it,
as it gives a more jo'thtul arpe-rance to any
iituj. auu iu-1 t-riuaneuny. it comains no aciu.
powder o-a kali, and is as haim'ee as di w and
aoouri"binc to the fkm as dew is to the flower.
Price $1 00. at alldiut-awtg and fcnir dree rers.
oratJlr.". Genaise tirataoj's stahhsnn en, lis
l'ot tireet. Sau I'raudtco, he.e she treats la-(il-s
for all blemirhei' i.t tl e face or figure. La
dies at a distance pud by letter. Serd stamp
for her little book "How to be beautiful
SAMPLE 15DTTIE mailed fr. e to ai.y'lad on
receiptor lOrents in stamps to jay for lost age
and p&cMni;. Lad' g- nt wanted.
Cures the worst caves of Frecklef, Snnbum,
bailowneis, -Voth-potehe-, Pimples, and 111 tkin
blemishes. Price tl.SO. Harmless and ef
fective. No rample can be sent. Lut agents
THE DRUGGIST in th town who fl'st orders
a bill of my preparation will nave hi uume ad
ded to this advertisement.
My preparations are for tale, by - wholesale
drugxitts in Chicago and every city west of it.
STATE SAVINGS BANK.
Offloe Corner Fifteenth street and Third Ave.
Succeeds the Mollne Savings Bank. Organized 18CS
5 PE8 CEHT. IBTEBEST PAID OS CEPOSiTS.
Organized under State Laws,
Open from 9 a. m. fo Up. m., and Wednesday and
Satumay nights from 7 to 8.
Pobteb-kikker, - . ; . President
5-A - woTH, - - Vlce-PreMdent
C. f. HaasKWAT. - ... Casnier
Porter Skinner, s. W. Wheelock.
n nBiy.. H.A.A'nswonh, ,
O.H.Kdwkrds, w. H. Adams.
Andrew Fri berg. CP. llcmeoway
Hiram Darl mr
BUY A BUFFALO
Wyoming- , It s Ihe (..imin city of Wyom
Sif' t??1-1 ,n th8 KrdeD. of-Wyomtng-sSSafn
nprt.pot,, ""J of th United
MANS k TH0YT. Buffalo, Wyo.
No. 1804 Second Avenue.
WOODYATT & WOODYATT.
This firm have the exclusive sale for this county 0f th,
Fieirios eirjcl Organs,
WEBER, 8TUYVESANT, DECKER BROS , WHEFT nrr 1
ESTEY, AND CAMP & C0.'3 PIANOS
KTA foil line also of small Musical merchandise . We have in our emi.lny a Sr-t-tl-
Manufacturers Of FARM, SPRING AND FREIGHT WAGOSSl
A.full and complete line of Plstform and otter Spiire Wtccnf, epptciaiiy ac(,'iti;tU
Western trade. of superior woiktransM: tad finish, illuein nd 1 tin Lim.-tt on
application. 6ee the MOLINK WAGCN before pntihafirj:.
IRCOBFOBATKD UXDKB TEK BTATB LAW.
Roek Island Savings Bank,
ROOK ISLAND, ILL.,
Open dally from a a. m. to 4 p. m., and Saturday evenings froa 7 to 8 o'ciock.
Five per cent interest paid on Deposits. Monev loaned on Personal, C:l
l&teraL or Real Estate Security
B. P. RKTNOLDo. Pres. P C. DBNKSt ANN, Tlce-Pres. i. U . BCF0RD, CiskK
P. L. Xitchell. V. P. Reynolds, P. C. Denkmaon. John Crahturn. H. P. Hull,
Phil.Xltchfll, L. Simon. S. W. Hurst, J. M. bulord.
Jackbos A HumsT, Solicitors.
J0 Began business July 8, 18S0, and occupy the fouthcart coim r cf MittU'l i l.y:.ut': ttt
I mm m
f ; AMTHflAglT COflU I (JvL j
c. o. r.
221 and 2S3 -
Al. Laundry Work done on short notice.
A specialty of Dress Skirts..
Prices as Low as the Lowest.
. CARL ACHTERMAN,
VIGOR OF HEN
S?uf- "'oklr. rmarvently Meatore-tl.
VhTiZt'T', "" BeMllty, ana all
f?" ' ; from early errors or later aaoeaae ..
SUSS", of oerork. alekness, worry, etc kail
IfAl"iopmeD .mD1 onren to every
S!S,w, ,PortJ,,o of tke body. Blmple, natural
SSS225-i-,,Il,S.f"tf tn,Prmeot seen. Vail are
laipoMibte. t.ous referencea. Book. i. -i
D4 malted (jealed) frea. At'rr,
Mil MCOIOAk CO.. BUFFALO, M. Y.
And the ESTEY, "WESTERN COTTAGE and FAR
RAND & VOTEY ORGANS.
THE MOLINE WAGON,
The Moline Wagon Co.,-
W. C. MAUGKER,
Bavice pnrcb5cd The
Prnperty wh'ch he ta? hv: ttfi.vd t.rit te
tel bofinees, it now prem-i-d to Km.
modate trar..-Mt .-'.i1.
Dav and Regular Boarding
at very r?aor.&b!e i-ricc.
at the same place with a rtairo x of G
r&rm prouuet a rtrt.u..i.
No. 1724 TEIRP AVE.
A. M. & L. J. PABKEB.
ar-First-classwor sl(I 'al :!""'
RIXO V9 CP,-
Leave Your Orders for
Coreer Ele wnth etree'. i T'""1 ,";"
T.lephone So. K'-M-
H. F. LAMP Maer
' II : : :-; '