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T11K AKUUS.8 TUKDAI, FE13KUAKY 18, 18y3.
Highest of all in Leavening Power. Latest U. S. Gov't Report.
0U11 GOLD RESERVE
Is Giving Secretary Foster
Very Much Trouble.
.AN ISSUE OF BONDS NO' EEMEDY,
Because They Must Be Sold for "Coin-"
md Silver Meet the Requirement,
'While the Yellow Metal Is What Is
Wanted Senator Discuss Sherman's
Bond Bill, but Fall to Act Secretary
Foster Disavows That Protectorate In
the Sandwich Islands Tension Bill
Washington, Feb. 18. The treasnry sit
uation shows improvement. Heavy re
ceipt" and smaller expenditures have had
the effect T)f showing a gain in the net bal
ance which for the past few days had
dropped down to a dangerously low mar
gin. Yesterday it was about $25,000,000, of
which $10,000,000 was in sulisidiary coin and
ft like amount in national bank depositories.
The margin a few diys ago was only about
23,000,000, which taking out the two items
named left the treasury with a very nar
row margin to work on, the aforesaid mar
gin being of "free gold," or gold that could
be drawn out for export without trenching
on the 1100,000,000 gold reserve.
Bound to Keep It Intact.
According to the policy of the government
which has been uniform as to this par
ticular regardless of the politics of the ad
ministration, and will continue so to be,
It seems this reserve must he kept intact
and the secretary of the treasury has power
to Issue bonds to keep it so. The financial
rock ahead as viewed by the financiers not
Of the unlimited free- HSJ grain silver dol
lar class is the breaking into this $100,
000,000 in order to supply gold for export;
lor when gold is wanted for export, as a
general thing it must be had or our credit
broad is gone. So it is that Secretary Fos
ter authorized the statement yesterday that
the gold will be kept intact at all haiards.
How, he could not say, but he stated with
emphasis that if it was necessary to issue
oonus to ao it he would go even to that
Knocked Out by One Little Word.
At present the "free gold" is more than
$8,000,000. He said he felt almost certain
that he could reach the end of his term
without having to issue bonds. "Even to
issue bonds say $00,000,000," said the sec
retaryj "would not necessarily mean an in
crease in gold to that extent. The law
provides that bonds must be paid for in
'coin.' Silver is 'coin.' What is there to
prevent silver or its equivalent lieing offer
ed lor bonds? Jiothnii.'. Could I refuse it f
No. So, if even bonds were sold would 1
that relieve the situation? Not unless nn
arrangement based on honor between the
ecretury of the treasury and the purchaser '
was made und then I would be subject to
all sorts of criticisms. The whole sulijrrt
is surrounded by vexations. You may say,
however, that the gold 1 receive will be
kept intact, come wiiat may."
Talking It Over in the Senate.
And while this question was vexing the
soul of tiie head of the treasury and he was
showing how one little word could make
hash of the bond plan, the senators were
engaged on a measure to permit the secre
tary to sell bonds bearing a lower rate of
interest than those already authorized. H
was Sherman's 3. ' per cent, bond bill.
Stewart of Nevada made a point of order
againt the bill which was offered as an
amendment to the sundry civil bill the
point being that it was general legislation
on an appropriation bill. It was in discuss
ing this point that the debate took place.
The amendment was finally declared in or
Some Explanation and Criticism.
Sherman made one thing apparent that
the secretary was already empowered to
issue bonds; that these bonds were to bear
interest at i4 per cent for a fifteen-year
bond and 4 per cent for a thirty-year bond.
His bill made the interest S per cent, and
the bonds are payable at pleasure of the
government after five years, so that it ;
simply authorized the secretary to make "
what Sherman held would be better terms '
than existing law did. C&ckrell thought '
not, as 4 per cent, bonds commanded a pre
mium and would sell at a higher premium
than 8 per cents. He thought there was
no economy in the MIL Sherman intimated
that the price of the present 4 per cents
was no criterion of what new ones would
sell for; but his bill did not prohibit the
treasury issuing a 2 per cent, bond if it
Could make It pay.
STEWART PROPOSES A SOLUTION.
The Treasnry Has a " Har'l " of Silver
Which It Can Pay Out.
Stewart argued that there was no neces
sity to sell bonds and to buy coin. There
was plenty of coin in the treasury. There
was over $000,000,000 of silver coin and sil
ver bullion in the treasury and $108,000,000
of gold; thus, making over $700,000,000 of
coin or of what might be converted into
coin. If the bankers of the country, he
said, wanted to produce a panic let them
draw out the gold; but the government
should protect the treasury. . That was the
duty of the secretary of the treasury. The i
Hank or ranee would not pay out gold for
shipment to foreign countries, but paid out
silver. The same policy was followed in
Germany. But here it was proposed to sell
bonds and to buy gold for the purpose of
allowing gold to be drawn out and shipped.
Under tbat scheme the national debt
might be increased without limit. If sil
ver money was good money for the people,
it was good money for everybody and there
was plenty ol it.
A Treasnry Official In Opposition.
Pefler and Teller also opposed the meas
ure ou the same grounds as Stewart. No
action was taken on the amendment. There
is opposition in the treasnry department
Itself on general principles to the sale of
bonds, it seems. Treasurer Nebeker is
quite emphatic in his opinion that the gov
ernment should not issue bonds at present,
and said yesterday that if either political
party issued bonds it won Id be, and de
served to be. visited with nonular con
demnation. H i received a dispatcn from
Aew York last evening stating that only
$7b0,000 in gold was taken yesterday for
shipment abrotd. It was thought from
previous advice that $3,500,000 would be
SENATE AUC HOUSE DOINGS.
The Annexation Treaty Reported Favor
ably t ension Bill Passed.
Washington, Feb. 18. Tne senate
passed a joint resolution yesterday au
thorizing the Smithsonian institute to send
to the World's Yair articles illustrative of
the industries of women. The sundry civil
bill being taken up the clause legislating
John X. Da vet port out of office was
Stricken out by a party vote. The Sher
man, amendment for the sale of a 8 per
cent. 6-yenr boud in case of the necessity to
keep the gold reserve intact was debated
wltuout action. In executive session the
Hawaiian annexation treaty was reported
The car coupler bill was reported to the
house and a motion to concur in the senate
amendments made but postponed to Tues
day next. An amendment to the pension
bill cutting out of a pension any person
with an incomn of $1,000 per year was
agreed to in committee and reiected bv the
house. The bill was then passed and the
postoffice appropriation taken up and con
sidered until adjournment.
DIDN'T APPROVE STEVENS' ACTION.
He Was Too Rapid in Declaring Protecto
rate in Hawaii.
Washington, Feb. 18. The correspon
dence sent into t ie senate by the president
to accompany the Hawaiian treaty con
tains the text cf Secretary Foster's dis
patch of Feb. 11, an abstract of which went
out by the last mails to Honolulu, dis
avowing Mr. SUven's protectorate. This
importanfrdispatoh first acknowledges the
receipt of Steven's cipher, and refers to the
telegraphic newspaper reports, concerning
the declaration of a United States protec
torate, saying: "The precise character and
scope of the act t!tus announced by you do
not appear from this brief recital. The
press, however, prints full details of the
occurrences of the 1st Inst., as telegraphed
from San Francisco on arrival of the mail
steamer Australia at that port on the
morning of the 9th." He then quotes the
declaration or a protectorate by Stevens.
Proclamation Went Too Far.
Secretary Foster then writes to Stevens:
"The phraseology of your proclamation in
announcing your action in assumption of
protection of the Hawaiian islands in the
name of the United States would appear to
be tantamount to the assumption of a pro
tectorate over thos-e islands in behalf of the
United States with all the rights and obli
gations which the term implies. To this
extent it goes boyi nd the necessities of the
situation and the instructions heretofore
given you. Your existing instructions,
and those under which the commanders of
naval vessels of i he United States ncted,
were and are amj le to provide all legiti
mate material protection in case of need,
either in your discretion or at the request
of the duly rt instituted authorities of the
Stevens Mixed Thine Somewhat.
"The accordance of such measures of
protection, or the unsolicited taking of the
needful precautions to those ends, is, how
ever, not to be confounded with the estab
lishment of a protectorate, which is, in
fact, the positive erection of a paramount
authority over or in place of the duly con
stituted local government and the assump
tion by the protector of the special respon
sibilities attached to such formal protec
tion. It is not tht right probable that the
provisional goven ment of the Hawaiian
islands, in soliciting protection, contem
plated more than the co-operation of the
moral and materit 1 forces of the United
States to strengthen its own authority and
power, as a recognized sovereign govern
ment, for the protection of life and prop
erty, as stated in your proclamation.
Commendation and Disavowal.
"So fur as your a tion amounts to accord
ing at the request of thee facto sovereign
government of the Hawaiian islands, the
co-operation of the moral and material
forces of the United States for the pro
tection of life and property from appre
hended disorders, y ur action is commen 1
ed. But so far as it may appear to over
step that limit by setting the authority and
power of the Unite: States above that of
the government of t he Hawaiian islands,
in the capacity of protector, or to impair in
any way the independent sovereignty of
the Hawaiian government by substituting
the flag and power of the United States as
the symbol and manifestation of para
mount authority, it is disavowed."
Failure of Chicago Banker.
CHICAGO, Feb. 18. William C. Williams,
a private baftker of Englewood and Grand
Crossing, has assigned to Charles L. Furey.
The liabilities and assets are reported to be
$15,000. The depositors are poor people,
who may suffer severely from the failure.
Bloody Fight at South Chicago.
CniCAGO, Feb. 18. The Polish and Hun
garian workmen at the Illinois steel work9
at South Chicago billed up with whisky
yesterday, it being j ay day, and as a result
got into a fight in w hich five men were cut
and one had his head bruised badly. 1).
Sosin, James Miller, and Albert Swartz are
probably fatally cut The men fought like
fiends, and many others were knocked out
of time, but not M.roualy hurt. .
The Weather We Hay Expect
WisBiiioTon, Fob. :8. The following- are tt
weather indications for twenty-four hours
from 8 p. m. yesterday: For Indiana and
Illinois Gennrally lair weather; westerly
winds: slight rise in t jmpcruture. For Upper
Michigan-Le al siioi-a; westerly wiuds; slight
rise in temperature a ea.-u.-rn portion. For
Wisconsin Locul su.iwg, followed by gener
ally farr weather w.trly winds; siitsht riso
in temperature, tor Iowa Uencrally fair
weather; north westetly winds; sightly warm
er. For Lower Michigan Snow, followed by
clearing weather; winds shining to westerly;
slight rise in tvmrmm-nre.
I have been us ng. Dr. Bull's Cjugn
Syrup for some tine. I cured my baby
of a very bad cough. I believe it wa the
me ins of saving bin life. Mrs. Thorn aa
Binton, Cen rev Ilr, N. J."
COMES VERY HIGH.
The Pleasure of Holding a Grea
BUT OHI0AG0 IS BOUND TO HAVE IT,
And to Make It the Biggest Thing in the
Universe More Bonds to Be Pnt on tht
Market and Their Success Almost As
sured Those Souvenirs Fail of Expecta
tions, and Haven't Yet Produced a Mill
Ion The Managers Spending 91,000,000
Chicago, Feb. 18. Financiers of the
World's fair have decided to put between
$1,200,000 and $1,300,000 more bonds on the
market at once. These bonds, like those
issued some time ago, will be per cent,
debentures due Jan. 1, 1894. They are
needed to complete the exposition build
ings and get the grounds in shape for the
grand opening May 1. The bonds tbat will
be publicly offered next week are the re
mainder of the issue of $J.,0CHi,000 author
ized after it became apparent that con
gress would not appropriate $5,000,000 for
the exposition. v
Souvenirs Failed of Expectations.
The government appropriation of 5,000,
000 souvenier half-dollars iu lieu of a
straight-out donation of $3,000,000 has not
answered the purposes as fully as many
enthusiasts had supposed. The proceeds of
sales of souvenir coins, according to Au
ditor Ackerman's last report, was $817,637.
This does not include I he price realized for
the famous $10,000 beauty the first perfect
coin struck from the mint. Including this
and $2.28 in addition realized from premi- j
urns on coins, the total amount of the sales
of souvenirs to Feb. 6, the date of Mr.
Ackerman's report, is $827,659.28.
Believe the Bonds Will "Go."
For several weeks two members of the
finance committee have been negotiating
for the sale of the bonds, and yesterday
Chairman Peck announced that fully half
the rem Mining issue had already been
placed. He believes that the small block
left will be sold in a few days. The largest
buyers of these bonds have been railway !
companies, both eastern and western. It
Is thought that the entire issue will be sold '
to railways at par value. The bonds are
secured by mortgage on the entire assets of
the exposition company, including the gate
Tremendous Expend! tare of Cask.
The report made by Auditor Ackerman
to the board of directors a little more than '
a week ago showed that on Jan. 31 he had
$753,709.84 left in Chicago banks to the
credit of the exposition company. At the '
rate ol expenditures that has prevailed for -
almost a year this amount would be ex
hausted in three weeks. The month of
January was not favorable to building
operations at the park, yet $970,098.49 was
paid out on vouchers of the construction
department. Other expenditures swelled
the disbursements for the month to $1,131,
&S4.30. lirincinir the total outlav since the
exposition was launched to $14,593,317.14.
V, Expenses Twice the EKtiinates.
This sum is far in excess of the amount
originally fixed upon by the board of direc
tors for building the fair. The earliest
estimates were that $10,000,000 would be
ample. Now it is known that nothing less
than $20,000,000 will onen the irates. The
managers will not falter, however. They !
ape determined that the Columbian expo-
sit ion bhiill stand without a rival during .
the next ceutnrv. Neither are thev dis
counted. I hey are full of confidence iu
LEGISLATION FOR ILLINOIS.
Synopsis of the Transactions of the As
sembly and Senate.
Springfield, Feb. 18. A resolution was
introduced in the senate yesterday claim
ing that the constitution prevents the re
demption of Democratic pledges last cam
paign, and providing for the submission to
the voters of the question of calling a con
stitutional convention; it went over. The
bill reducing 50 per cent, the penalties re
quired to redeem property sold for taxes was
passed, and the bill allowing each justice
of the supreme court a secretary at $1,200
per annumn was sent to third reading.
Johnson's anti Pinkerton bill was sent to
Some Bills Proposed in the Senate.
A few of the bills introduced are given:
Appropriating $2,000 for the relief of Mrs.
Florence Gause, whose husband was re
cently killed by falling from a state insti
tution at Jacksonville; to prevent rail
roads from limiting their liability to ship
pers by requiring notice to be given by the
shipper in reasonable time and at distinct
places; requiring railroads to furnish suffi
cient facilities for the transmitting of
freight upon their lines; providing that it
shall be unlawful to employ special
deputies or policemen; prohibiting seining
for fish in rivers, lakes and ponds, except
fromJclyl, to May 1 of the following
year. Adjourned to Monday.
A Hint to House Committees.
In the house a school-book bill was intro
duced and a motion made to read it the
first time and order it to second reading.
This was opposed because the education
committee was considering the subject;
but it was because that committee was so
slow tbat the bill was offered in the house.
Consequently the motion was carried and
the bill sent to second reading without ref
erence. The vote was 81 to I I. A bill was
introduced requiring the destruction of
cockle-burrs, thistles, etc. On roll call for
bills there was a flood of them on various
jpOH renovating the
entire system, eliminating
all Poisons from the Blood,
whether cf scrofulous fir
malarial origin, this prep
aration has no equal. . .
"For eighteen months I had an
eating sore cn my tongue. I v as
treated fy test local fhysician:,
tut chained no relief; tht sere
gradually grew worse. final: j
took S. S. .V, and uas entirely
cured after using a few battUs."
C. C. McLkmope,
TREATISE on Blood and Skin
Diseases mailed free.
1 HE r-WIFT bPECIFIC CO.,
GOV. M'KINLEY INVOLVED.
Said To He Kuined by a Youngstown. O.,
Yurst.sniws, t)., Feb. IS. Robert L.
Walker, a prominent banker and capitalist,
made an assignment yesterday. The fail
ure will be wide in its effects, involving
Governor MeKitiley, and the latter may
lose every dollar he possesses. He has en
dorsed Walker's paper for froni $20,000 to
$50,000. If it reaches over $20,000 the gov
ernor will lie ruined. Walker's debts are
said to be $2Ui,000, and his paper, endorsed
by McKiuiey, is held by many banks.
Denied by the Major's Brother.
New 1'oi.K, Feb. 18. Governor McKin
ley's brother, Mr. Abner McKinley, is at
the Windsor hotel. He said last night to
a Sun reporter: "I am certain that my
brother had no business connection of any
kind with Kobert L. Walker. I am sure
that he is not ou any of Walker's paper,
and is not affected by Walker's failure. I
cannot explain how such a report was
Michigan Sulons at Work.
Lessiku, Feb. 18. The senate by a non
partisan vote, killed the bill prohibiting
the use of railway pusses by legislators or
state officials. The vote was 13 to 12. A
bill was introduced to bring special charter
railways under the general law for taxa
tion purposes. In the house a bill was in
troduced providing that habitual drunk
ards can take the "gold cure" at the
county's expense. Other bills: for the use
Rhine's voting machine; to tax bicycles; to
buy electrical execution apparatus. The
senate passed a bill for a tax of 1-5 of a
mill on all property in the state to create a
perpetual fund for the university at Ann
Arbor, and then reconsidered it and laid it
on the table. A bill was introduced in the
house taxing railwav companies on their
gross earuiugs in the state from to S
, Law Making for Wiscou&in,
Maoisox, Feb. 18. In the assembly yes
terday the bill permitting agricultural so
cieties to sell liquor on their ground and
still receive aid from the state, was ordered
to a third reading. Hills were introduced:
To abolish county superintendents of
schools aud create district inspectors, ap
pointed by a state board; requiring all logs
to be measured by the Scribuer rules;
placing prohibitory municipal taxes upon
peddlers; requiring persons selling goods
'by auction to pay 5 per cent, of the gross
receipts therefrom into the county treas
ury. The senate concurred in the assembly
resolution providing for the appointment
of a joint committee on retrenchment and
reform as suggested by the governor in his
A 11 itch lu the Big Scrap.
NEW YORK, Feb. 18 Charley Mitchell
met Brady, Corbett's backer, yesterday
ana proceeded to arrange for the big fight.
Mitchell accepted all Corbett's conditions
until ij came to that giving the whole
purse to the winner. This he refused to
accept, demanding 20 per cent, for the
loser. Brady offered to agree to $2,5(0 to
the. loser for expenses, but Mitchell was
firm aud the meeting euded until to-day to
enable Brady to hear from Corbett. The
latter last night wired Brady: "If I cau't
whip tbat windbag I dou't want a cent.
Winner must take alL"
.TlLt eIWIS3 TEIflUiCGrSATICN.
The road to
in tne war of
train service Is
the Cheea; eake
and Ohio Ky.,
which d arses
tl rot ph the hat
tl fields i f Yir
Vinrin ia and
ti e most pictur
cf a mcrica.
The F F. V
Is the only din
i e car train.
All the through
trains nre light
ed with elec
? ricitv. and
aid complete mf rmation aptly to nearest
t cketas?ent. or address C. B. KY AN.
freneral pssmngtr i gent. Ciocintari, O.
Made from anv old .hole, executed tin the most
artifiic workmanship t
Kftliable PnotorAjiro Tgtatrfisbmeiit over He
CU'8. r'l.tiffaction euaiatiteed.
RE YOC IX SEED?
Wnnt a cook
Want a partner
Want a euua'ion
Want to rent room
Want a servant gnl
Want to sell a lrm
Waut to sell a bonse
Want to exchange ao)tMn
Vtant t fell household goods
Want to make any teal estate leans
Want to sell r trade fcr anything
Want to find customers for anything
TJSK THESE COLUMNS.
THB DAILY AKGUS DKLIVEBBD AT YOCB
door every evening (or HMc per week.
tin ANTED- A WET HCKSEAT S119 THIRD
FOl'NIl fcTKAY COW. ENQUIRE AT W.
?OR RENT A COTTAGE HOUSE, 8C0 TWEN
. ty-ioaitb s'reet. Apply on premises.
WANTED A LADY TO HELL DRESS GOODS
on eesy tern s George B. Hill & Co., Suit
40 a, bcbiLidt bu ldirg, Daenport, Iowa.
ANTED A MAN TO CLEAN AN DCEMBKT
cistern. Enquire "D " luai A Hues.
INI ELI IUENT GENTLEMEN CF LAFGE
J acquair.tanee ante: to represent the SAFETY
FUND. lUndsouie inccnie. At dre8, with ref
erences. Manager, 417 Rookery. Chicago. 111.
JPST IiECElVRD tS,00 STOCK OF REMK
dies Zli r', $1.5 1 ier box. We are sole
agems for I)r. Kprirgsoecn's latest remedy, Moun
t in Rose. Books nod ronsnltatlon tree. Call
or address The Warrea Brown Co., room 15,
Dit'oe block, J-'avinport, Iowa.
WANTED AUEN1 S TO ELL OUR CHOICE
ni.d hardy Nursery Stork. We bare many
siecial varieties, both in fruits a o ornamentals,
to titer, which are contr Hid only by us. We
pa.v con mi-clou or salary. Wilte ns at once for
teims. and secure cho ce of tcntory. May
Krothern. Nurserymen. Rochester. N. Y ,
UNTrD A LIVE MAN OR WOMAN IN
" every coni.ty where we have not already fe
ci red a representative to sell our "Nevada Sil
ver" fjnlid Metal Krives. Forks and Spoons to
corsumers'.a solid metal aswhite as silve; no
l late to wear off; goods guaranteed to wea. a
lit. time: cost about one tenth that of sliver; the
chance of a lifetime ; aeents a vera n e from $50 to
11UU per week and meet with ready sales every
where, so gnat is the tieimnd for our Solid
Metal Goods. Over One tt ill ion Dollars' worth of
toocs in oallr nee. Care of samples free. Ad
dress tilvcrware Co., 133 Essex street, Boston,
We are determined tn ;p!1 rff i.
" "vii ui l nit- n il... ,
Fall and Winter stock at Rarp.aim nn,co
prising several complete lines, a number of hr?"
lines, and irregular sizes of excellently made goJJ
The COST we have not considered
The PRICES we have put on them win
run them off quickly. u
i WrirrVit X- r"
1704 SECOND AVEntj
314 BRADY STREET,
The Patx and Winteb Goods are now in. LAVXKpOfiT
Remember we are showing the largest and motst varied
assortment of Domestic and Imfoetbd goods in the three
cities. Suits made to your measure from $20 to $10; Troa
sers made to your meaeure f 5 to $12.
Never before heard of prices,
At G. O. HUCKSTAEDT'S,
1809 and 1811 Second Avenue, j
Sour Mash Whisky
KOHN & ADLEE, Market Square,
J. III. CHRISTY.
KlIUFiCTDBEB Of CBACKESS il3
Ask Yotit Orocer for Them.
They its Bl
Th Christy "OT8TiB".arjd Chr.r j "Wini.
FOURTH AVE., DRUG STORE,
A. J. HILL,
is now open with a full line of New Drugs and CLemicals.
(Prescriptions carefully compounded with the pareet drugi.
Cor. Fourth ave., and Twenty-third street
'UW.SecQnd Street. 0AVENPOB1.I0WI