Newspaper Page Text
i. V .
Island Daily Argus.
XL. NO. 188.
HOCK ISLAND, THURSDAY, JUNE 2, 1892.
I Single Copies Cents
J Per Week 1H Cents
SHERMAN IS DONE.
Ohio Senator Closes
OR ANYTHING BUT IEEE COINAGE.
Ihe Fending Bin Almost Tantamount to
Repudiation Doom of the National
Banks Sealed A Monetary Scheme In
Outline Stewart Rises to Reply, but
Sherman Declines to Listen, Although
Requested by the Nevada Statesman
Hill Votes on a Silver Side Issue.
Washington-, June 2. Sherman con
cluded his great speech on silver yester
day and a vote on the bill was postponed
until June 14, Morgan saying that he was
determined, if possible, to have a vote be
fore June 21. This is somewhat signifi
cant, as that is the date of the opening
of the Democratic national convention.
and it looks as though Morgan was trying
o force Senator Hill toco on record on
this question. The Xew York senator has
been absent from the chamber at everv
vote that in the least touched the silver
question, except once, and that was yes
terday when he voted aye on a proposition
to make invalid contract obligations to
pay gold under certain circumstances.
Wants Some Financial Changes.
In the course of his speech Sherman
said: "I do think there should be some
changes in our financial laws. Among
them, first of all, we ought to do what
our ancestors have done, and what every
nation has done; that is, to establish a new
ratio between silver and gold not to make
them exactly equal, because that is im
possible; but they ought to be so near to
gether that they would in the main stand
In that ratio. The ratio of 16 to 1 is no
more sacred than the ratio of 15 to l.which
was changed in General Jackson's time."
He then referred to the proposed interna
tional monetary conference, saying Eng
land was willing to make some concessions
Wishes Well to the Conference.
Continuing he said: "I am willing to
do another thing. I am willing to stand
by the president and aid him all we can
in this international conference. I am
glad my friend from Nevada (Jones) is
going there. I hope the conference will
891, or $1,250,000 more than in May a year
ago, and internal revenue receipts were
$13,050,106, an increase of fully $750,000
over May, 1881.
New Hanks Get Their Authority.
The comptroller of the currency's certifi
cate authorizing the following national
tanks to begin business was issued yes
terday: First National bank of Woodbine,
la., capital $50,030; National bank of
Deeming, X. M., capital $50,000, and Ty
ler N'.ional bank, Tyler, Tex., capital
Latest Purchase of Silver.
The treasury department yesterday pur
chased 048,000 ounces of silver at from
I0.SS40 to $0.8865 per ounce.
House and Senate In Brief.
Washington, June 2. In the senate
yesterday Sherman declined to yield to
further interruptions, closed his speech on
the silver bill and a unanimous agreement
was arrived at not to take a vote on the
question before June 14. No business of
importance was transacted.
The house adopted an amendment to the
postoffice appropriation providing that no
part of the $10,450,000 appropriated for
free delivery should be disbursed so as to
establish additional free delivery offices
in any congressional district where there
may be one or more free delivery offices
already in operation; nor should free de
li vey facilities be increase 1 in said offices
until every congressional district in which
there may be a place possessing the neces
sary qualifications shall nave been sup-
Florida Negroes Doing the Mob Act.
Jacksonville, Fla., June 2. A Mrs.
Henderson, her 18-year-old daughter and a
little son, have been for four days past
kept In their house day and night at
Greenland, twelves miles from here, by an
armed guard of negroes. Her husband,
who is a railroad section boss, killed one
of his negro workmen during a fight be
tween them last week and then fled. A
general negro uprising followed and nearr
ly 800 of them have been under arms!
They refused to let Henderson's family
out of the house, and threatened to kill
them If they did not disclose the where
abouts of Henderson. Deputy Sheriff
Williams with a posse went out there
and scattered the mob, the ring
leaders of which will be arrested.
' Cleveland Uoes to Iluzzard'a Bay.
New YoiiK, June 2. Ex-President
Cleveland and his family left the city
Tuesday for their summer residence at
Buzzard's Bay, Mass., where they expect
to find rest and recreation during the season.
LIVE STOCK AND PRODUCE MARKETS.
Chicago, Jans L
Following were the quotations on the board
of trade today: Wheat June, opened
83?a closed Kic; July, opened K.'c closed
&i)4e; September, opened a."Jc, closed 820.
Corn June, opened 50c, closed S0J4; July,
opened 4-3S-. closed 4SLc; September, opened
, . - : v , r, , s.r, ciosej .?t,o. aLS June, opened -utO
plied with at least one free delivery office, closed 31Hc; July, opened and. closed 31fcc;
I September, opened 3.c, cloei-d U)lc; Pork.
Holman Wants to Investigate. June, opened $10.80, closed $1U6-"V1; July,
Washington, June 2. At the request of opened j-io.so closed $10.6 H; September,
Representative Holman Secretary Foster ! oin . . A'0-"! Lard-June,
opened $i.4i), closed $4371.
Live ttock: Prices at the Union Stock
yards today rangedas follows: Hogs Market
fairly active and prices salrtc lower: sales
ranged at Si.Swa4.75 pig, $4.4VM.BJ light.
Holman's renuest was that tho commit; e-ft-o' rougn racKiug. rniied,
noiman s request, was mat ine committee wc nankin and .hin.w int.
Cattle Jlarket active; prices were steady;
tng the awards The report of the park to exlra shipping steers, $i9x4.30 good to
committee has been approved by the presi-- choice do. $J.70a4.iu fair to good. $3.403fl.
dent, and the District court has directed I common to medium do. S3.3iKt3.70 hnt .hr.'
has suspended payment on more than ;
two-thirds of the awards made by the '
committee which selected the lands for the
Rock Creek National park. The basis of
on appropriations desired to make an in
quiry into the matter and manner of mak-1
that the money, of which something over
$800,000 yet remains to be paid, be deposit
ed in court by Secretary Foster, but, as
stated, at the request of Holman the pay
ment has been deferred. Now the park
committee has gone into court and asked
an order to compel Foster to pay, the
money into com t.
Roosevelt Favors Liberality.
Washington, June 2. Civil Service
be made strong aud that they will be able ! Commissioner Roosevelt, who has just re-
to do Something to lessen the evils which turned fro:n a visit to Chicago, is enthusi
are now pressing on the financial condi- astic about the progress made with the
tions of all the nations of the world. I preparations for the World's fair and is a
Other things have to be done, but proba I pronounced advocate of liberal national
bly tuis is not the time to discuss them. ' aid to the exposition. "I do hope," said
There is unqestionabiy a feeling in this ! he, "that congress will deal with the
orld s fair in a spirit of the largest gen
erosity and without hampering its gift
.SMItlt-ftT r.f .!... .l.n : I
National Ranks Not Popular.
"Another thing. The people of this
country whether rightly or wrongly it is
not for me to sy are not in favor of con
tinuance of the national banking system
longer than is necessary to wind up aud
pay off outstanding bonds. These bonds
have been reduced tosolowan amount that
the people cre very little whether they
are continued or not. The bonded debt
has ceased to lie a phantom, although at
the close of the war everybody who knew
anything about finance brooded over the
$".SW0,0iO,000 of debt. In addition to that
lucre was a floating pension debt of prob
ably a thousand millions more. So that
we owed $4,000,000,030.
Quantity Not Essential.
"Therefore, I repeat, the people will not
tolerate the continuance of the national
banking system longer than the continu
ance of the bonds. They are unwilling to
take any less security than the security of
the United States. As to the amount of
currency my own opinion is that the
amount now outstanding will be ubout
sufficient. It does not follow that if there
is more money in circulation then the
poor aud needy will get it. We cannot
distribute it per capita to the poor and
leave out the rich.
A Currency Scheme "Roughed Out."
"Now, I believe that there is wisdom
and good sense enough in the congress of
the United States to deal with this ques
tion, and to establish a ratio based on the
population of our country which conserv
ative men will think safe, and to remodel
and to re-enact all our varied systems of
finance. We have gold and silver enough
for the basis of two-thirds of our circula
tion. Then probably the other third
might be issued on the faith of the gov
ernment. Such a system might fairly be
adopted by prudent men.
Free Coinage Almost Repudiation.
f This scheme of free coinage has all the
elements of weakness, and I will almost
sr, of repudiation. This is not the time
tcf deal with finance, in the midst of a
presidential campaign, while men are
sciieming for position. Believing the
attempt to bring this great and powerful
nation of ours to the standard of silver
coin alone is a bad project, wrong in prin
ciple and wrong in detail, injurious to our
credit, a menace to our financial integ
rity and a robbery of the workingman
and of the pensioner, I regard this measure
in every asjiect as a frightful demon to be
resisted and opposed."
Stewart Denounces the Conference.
Stewart took the floor to reply to Sher
man. The Ohio Senator at the same mo
ment rose to leave the chamber. Stew
art expressed an earnest wish that the sen
ator from Ohio would not leave as he
(ftewart) intended to show that gentle
man's record on the silver question.
Sherman, without heeding the request,con
tinued on his way. Stewart denounced
the projected international conference as
a plan to send ambassadors to Europe to
determine now much tighter the bonds
should be drawn round the people, and to
proclaim to the nations of Europe that we
were not capable of establishing a finan
cial system of our own.
NATIONAL FINANCIAL FACTS.
An Increase in the Publle Debt Revenue
Receipts Silver Purchase.
Washington, June 2. Unusually heavy
pension payments brought about an in
crease of $4,623,371 in the public debt in
May. The total debt, less $36,005,887, net
cash balance in the treasury, and the
1)00,000,000 gold greenback redemption
fond, is $843,353,396. Government receipts
from all sources in May aggregated $36,
486,788, against -$27,417,425 in May. 1881;
JUPITER PLUVIUS COMES HIGH.
A Total Loss from Kansas City to
Orleans of 850,000,000.
St. Lorrs.. June 2.Now thnt the great
flood has about passed away in the south
the following estimate is made of the
losses occasioned by the high water, a loss
unprecedented in the history of floods:
Missouri Wheat and corn destroyed (500,
000 acres), $10,000,000; homes ruined, $1,
000,000; cattle drowned, $50,000; railroad
property destroyed, $150,000; total, 11,200,
000. Tennessee Cotton lost, $600,000;
wheat lost, $1,200,000; homes and cattle,
$100,000; total, $l,tKK3,0u0. Kentucky's loss
The Losses Farther South.
Arkansas Farms inundated, 9,338, loss
as follows: Corn, $2,500,000; cotton, $5,
000,000; other products, $2,500,000;' total,
$10,000,000. Mississippi's loss, $1,000,000;
Louisiana's loss, $5,0n0,000; total loss, $29,
800,000. This estimate does not include
stagnation in business among the mer
chants and transportation lines. A con
servative estimate of the amount of dam
ages caused by the loss from the high
waters from Kansas City to New Orleans
will reach the enormous figure of $50,.
Good Crops in Spite of Old Hiems.
Kansas City, June 2. Floods of rain
have been falling all over western Mis
souri and eastern Kansas since early yes
terday morning and the result is that
every river is running bank full and all
the streams ate pouring much water into
the Missouri and its tributaries. The
Missouri has risen a foot in the last
twenty-four hours and is still rapidly ris
ing. Harlem is again assuming the ap
pearance ot a lake dotted with islands.
Notwithstanding the extraordinary
amount of rain those well posted on the
condition of Kansas state that the crons
-niiiDeanove tne average m wheat and
Chicago to Help Flood Sufferers.
Chicago, June 2. The city council last
evening authorized Mayor Washburne to
nppoint a committee to receive subscrip
tions lor tne benefit of the flood sufferers
in southern Illinois.
Eteers, S2.8.)3.30 stockera, t2dva.0) Texas,
steers, 141.4.00 feeders, $Li03.60 cows,
ticjiQ,3.50 bulls and $2.00&5.:3 veal calves.
Sheep - Market fairly active and prices
steady; quotations ranued at S5.00.10 west
erns $4.80Q8.5J natives, and $". 758.00
Produce: Butter Fancy separator, 18&19o
per lb; fine creameries, 17i&18c: dairies,
tancy, fresh, 15j,17r; No. 1 dairies H&loc;
packing stok, fresh, lc. Kggs 1414io
per doz., loss off. Live poultry Chickens,
12c per lb; spring, IS ii.'c; roosters, 6c; ducks,
lOSille; turkeys, choice hens, 14c; young,
toms, 12&13c; old gobblers, 10311c; geese,
S3.iOa5.OU per doa. Potatoes -Bur banks, 55
l per bu; Hebrons. &K&55.-; Rose. 45.i0c;
Peerless, 45ta30c; common to poor mixed
lots, 3i(ri,4lic. t-trawberries Il.inois, $i.jt'3
2.50 per 24-qt case; Centralis, $2.502300 per
New York, June 1.
Wheat No. 2 re.l winter cash. 9-?.ic; June.,
c; July, Dl-4c; August, Slijc Corn-No.
2 mixed ca,b, 58c; June, Id-; July, 54c;
August, Oats No. 2 mixed cash, 36!c;
Juue, 37c; ,i uly, HA(,c; August, 36c Kye Quiet
but firm; ty,s7!c :;r car lots and boat loads,
Barley Nou;iu.iL Pork Dull; old mess
SB. 7oiii.10.5i. Lard Quiet; July, 56.75; Sep
Live stock: Cattle-Market slow tor all
grades, but prices were fully lie per 100 lbs
hikher: poorest to best native steers, $420
5.0a per 1UU lbs: Colorados, $l.2."i; bulls and
dry cows, $2.ujdlJ.5. Sheep and lambs
Sheep steady and jirime lambs firm; common
stock dull and He per lb lower; sheep, $4.60
8.25 per 100 lbs; lambs, $G.ut)&9.0j. Hogs
Nominally steady; live hogs, $t: 0.5.40 per 100
Scores at the National Game.
Chicago, June 2. The Chicago club got
a setback yesterday at Philadelphia. Fol
lowing are the League club scores: At
Philadelphia Chicago 8, Philadelphia
12; at Baltimore Cincinnati 6, Baltimore
4; at V aslnnctou-. levelaud 7, Washing'
ton 8; at Boston St. Louis 1. Boston 5;
at Brooklyn Louisville 4, Brooklyn 12;
at .New iork Pittsburg 7, New York 4.
The defeat of Chicago puts that club in
San Vomlnge at the World's Fair.
NEW YoiiK, June 2. Mail advices from
the republic of San Domingo state that the
government has made an appropriation of
$25,000 to pay the expenses of its repre
sentation at the Chicago World's Colum
bian exposition, and has appointed com
missioners. This leaves Chili aud Vene
zuela as the only countries in America
that have not already made arrangements.
for their representation.
Rock Island Election and Report.
CHICAGO, June 2. The stockholder '
the Chicago, Rock Island and Pai-iik- ru'..
road at their twelfth annual meet iti i -terday
re-elected the old board of i.irr . f
The annual report shows an u :
passenger earning over last vv.-i ut . . .
nn 7 w u ami M(, ...... .
MO,m, against-wst,Li,va m may, lowi;
custom receipts last month ww 118.181,-1 tadnt iagof 773.7VI w ; . ,
- - - . - -. . cant.
The Local .Markets.
Bran -fr5c per cwt,
ShipsMiff $1.00 per cwt.
Hay Timothv. tliaiS: Drairie. lOail: clover
9210; baled. $11 00.
Butter Falrto choice, 16c; creamery, S934
Ew Fre!"h, 16c; packed, 10c.
Poultry Chickens. l(xai2"4 : ttirkeva. 12Va
dacke, 1214c; geese, 10c.
ranr and vbsbtaslki.
Apples-$S.25a$2.75 per bbl.
LIT I STOCK.
Cattle Butchers pay. for corn fed steers
SHft44c; cows and tteifcix, 2tt&3c; calves
Hard 7 aT 75.
Soft I 10&a 30.
HIDE', WOOL, SEEDS, ETC.
Bides, dry 4c per lb.
" green 3c per lb. .
Grubby No. SS 8c
Green Salted pure No. 1, 4Hc.
Wool, unwashed, ISC
Lime, per bt 75c
Stucco, per bbl. iS 75.
clover seed, per bu. S3 50.
Timothy, per bn. tl so.
Common boards $16.
Joist Scantling and timber, l?to 16 feet, $13.
Everv addiiiuLal t oot in length 50 cents.
X A X Shingles ii 75.
Lath $2 50.
Fencirc 12to 16feet $18.
Stock bo3rds,roucb Sl .
" " dressed $17.
C. flooring $30
rinishlug Lumber. dressed$30a$40.
ABLATES 6 CO,
INDIANAPOLIS, IND- :