Newspaper Page Text
ccL. XLI NO. 261
ROCK ISLAND. WEDNESDAY, AUGUST 23, 1893.
Btnglo Copies 5 Csatf
Par Week 18 VmmU
a m v a
HARD TIMES. HARD TIMES.
BARGAINS, BARGAINS, BARGAINS,
GREATLY REDUCED PRICES
in Boys' and Children's Suits.
We have added 200 pair of Men's pants worth
63.50, $4.00 and $5.00 to our
Your choice of any Shirt Waist, Mother's Friend and Star in our house for 50c.
Our Men's Suits, great values at $10.00, for $5.00.
CALL AND SEE THEM.
W e Undersell Everybody on Everything.
Voorhees Charges Them with
All the Depression.
ALSO WITH THE PENSION FKAUD CEY
SAX& RJ CE, JJOCKSIAA'D, JUL
The Latter lielng a Deep Laid Scheme of
the Money Poner to liiminish a Fund t
Cannot llamlle Five I'inniiciul Proposi
attions. Including an Income Tax. tlie
Senator' Platform Mate Italics Defend
ed and Advocated The National Hunks
Washington, Aug. 23. It lias been the
current talk for sonic time that Voorhees
of Indiana and the president hail maiie a
Vapprocliement" on several points upon
which they had formerly v idcly differed
and were m general accordance as to the
linancial policy of the government. If so
the president may, it is Nissiblc, fully
agree with the following proportions with
which V orhecs closed his first speech of
the cxl i n session, and one of those greatest
tfTortslhnt congressmen occasionally in
dulge in. The i-peech is notable because
the speaker is chainnan of the senate
finance committee, and the declarations
given l.elow give his views on the proper
Currency on a Specie llasi.
1. A sufiiciei, i volume of currency .tt all
times, state and national, on practically a
specie basis guaranteed also by public
honor with which to transact thejgrowinsc
uud expanding business developments of
2. The absolute denial and destruction
of nil power in the hands of individuals,
corporations or syndicates to cause fluctu
ations in amount of the different curren
cies in circulnt on, thus fr-noeiing j anics
and business ili-asters impossible for the
u. Kvciy dollar in ir-nbitton, whether
gold or silver, stale muk currency or
Uritcd stalls notes on a sti'.ci parity .'.ml
inlevcliiitigealilu with v l y otlier dollar,
thus i i -ii i-: 1 1 to the people the benelits
and aiivi.niiiL.is or both a st:ite cuircucy
and a ii:iiioi:al c.i: rem , in uiating in
Imrtrony in .1 uniformity, j.tsd performing
till the functions 'f mom y at liome and
Stnte l.iinh and fiiroine Tux.
4. The si li ieii:ci:t oi' t i.e v .v". (;:;c-;ioii
of silver money at once i.n.l b ever, I y au
thorizing it to Si i-i.i i s poi-tio'i of tlie spe
cie has i'i ipi.reil by t lie on-! i: m it n lor
every va: tired bank in tic L'nion; by
For the next 30 days
In Bedroom Suits.
In order to reduce the immense line we
have to make room for other goods we must
sacrifice them. Come at once and secure
the best bargain that was ever offered in the
QLE&1ANN & SALZMANN.
iW'i and 1527
124 126 and 128
Men's Artistic Tailoring.
Tin Fashionable Fabrics for Sprin; and Summer have
arrive d at
J. B. ZIMMER,
Call and leave your order
tar Block Opposite Harper House.,
l now lueated in tug new shop.
At 324 Seventeenth Street,
HTijent ihoei peialtj. Opposite the Old Maud.
LABOR. TIME, MONEi
Use it your own way.
It is the beet Soap made ,
For V ashing Machiuf nse.
WARNOCX I RALSTON.
Is Life wth Living?
That Depends Upon Yonr Health.
Will cure you and keep yci well.
For gale a: Ilarpcr House Pharmacy.
John Volk. & Co.,
Sash, Doors, Blinds, Siding, Flooring
i i Wainscoating,
And all kinds of wool work for haHgers.
EiUleeuth ou hit. Third and fourth avenuoa.
i I wi.l-ll lie 11 ni Ti " 1 ill' 11 v.ers t if
In make ie,:!'. 1 1 in!', i' money.
; tiie use of silver, coined in'o
low them lie said that when the JJemo
ciatic party declared in its national plat
form for the repeal of the government tax
tin the issue of state banks a hue and cry
was raised by Republican leaders as if a
public enemy under armB was about to
invade the country. In vestigation of the
subject, however, showed that no one had
ever lost a dollar by the depreciation of
the notes of a regularly chartered state
bank.ur its failure to redeem its currency
in gold or" tiilver Svhen cailed upon to
It was thiskind of a circulating medium,
rtstinK on s specie basis, and always re
deemable that was driven out of existence
by a spurious, insincere mode of taxation
f r the benefit of the national banks.
Voorhees denied the constitutionally of
the 1U percent, tax on state bank circula
tion, even though a majority of the su
preme ctu-.-t had reached uch a conclu
sion, and argued for the riuht of the state
to provide its people with a circulating
medium through the agency of state
Tor the rest the government would never
abandon a national currency, aud he ex
pected at no very distant day that United
States notes, such as are and have been in
existence for thirty years past, their pay
ment guaranteed by the honor of the (;ov.
eninieut, would supersede all other na
tional money except (;oM and silver, and
that without jar or friction they would
circulate in the hands of th: people along
side of the well-cuarded, safely secured
currency issued by the sti-tos aud guaran
teed, according to the constitution, by both
the precious metals.
The speaker then laid down the declara
tion of principles given at the beginning
of this article and closed with an eloquent
peroration, after which he was compli
mented by a number of the senators.
PALMER GIVES HIS VIEWS.
money, as imperative as will In Useful to
tlie trrst body of the people.
5. Tlie total and complete overthrow of
the dangerous centralization of the money
power now existing at a few money centers
and in the hands of a few individuals, by
giving d the people of tlie stales the r'.glit
of lion 9 rule on the subject of money, and
thereby sccurimj tothema reliable, non
fi li t .iatitig home circulation.
To these live propositions Voorhees added
b t one move: A carefully adjusted and
graded income tax a most equitable and
upright measure in providing government
revenue and demanded by old-fashioned
eternal just ice.
Nu: iomtl V.unkcrs Acciitrtt.
In beginning his speech V. othees said
that the real muse of t he depression was
widely misunderstood and then reiterated
the nft-made assertion that the national
banks had brought it on becajise the gov
ernment could not be forced to issue &JUO,
(KHi.OOO in bonds. The banks had con
tracted tlie currency because they had
failed to have the lionds issued. The
reason they wanted bonds issued was that
in fourteen years the bonds upon which
they based their currency would be re
deemed nnd then they would have to go
out of existence. For this object con
certed capital had broken the gold reserve,
and it was not until it was found that
they failed to coerce the executive that the
attacks on the reserve ceased.
.liil a an Antl-Itank Men.
A large portion of the speech is devoted
to criticisms nttd accusations against the
national banks, and if there are any who
thought the Voorhees bill to give the
banks more curr ney for t-c same quanti
ty of bonds was nu indication that the
senator was softening to the banks they
may be reassured. The money power aud
banks are charged with aliout every finan
cial crime not punishable by imprison
ment, including the charge that the banks
hold millions of currency in their vaults
which they wilfully and malignantly with
hold from circulation so that they may
continue to '"play bully and mastiff toward
tliose in authority," and that they were at
the bottom of the susptusion of pensions.
"Why Tliey Attark rciisiun.
He said that the fact that the amount
of money in circulation is largely in
creased every three months in tlie year by
the payment of pensious, that it is done
without the agency vf the banks nnd be
yond their control, has excited the open
und bitterest opposition of the great money
centers from the very beginning of our
present pension system. The charge
m ule of frandulent pensions was simply
a continuation of what had been heard
from the start, and had the same inspira
tion as former years.
yuebtion of Money, Xot Fraud.
That frauds were sometimes committed
in the jiecsion office was undoubtedly true,
and they should be investigated and ex
posed. But the same could be truthfully
said of every other office or institution
known uuiong men. Fraud was incident
to human affairs, and from it there could
lie no complete escape, but it were better
far that even a fraudulent pension should
be granted than an honest, a well-earned.
well-merited pension should be denied. It
was the question of money, however, aud
not the question of fraud which provoked
the greatest wrath in certain quarters on
the subject oi pensions.
TO FOLLOW NATIONAL BANKS.
A System of State Uauka Similar to "Be
fore the War."
Voorhees wanted it distinctly under
stood that he was opposed to national
banks and would do nothing to perpetu
ate them. and in outlining what should fol-
went over without action, i-erter intro
duced a resolution asking the treasury if
the banks of the east are not violating the
law in not paying checks of depositors. An
executive session was held.
The silver debate occupied the house all
day and until 11:10 at night. Lynum spoke
and advocated the repeal of the Sherman
law and llepbnrn ridiculed the idea that
this law was the cause of the trouble, in
timating that it was the uncertainty as to
tariff action. There were a number of
speeches pro and con at the night session.
Worse Than the Kelurtion.
Kansas City, Aug. U3. As a result of
the opposition of the employes at Swift's
packing house to a reduction of 10 jer
cent, in their wnges the management has
given notice that wages will not be re
duced, but tn.it one haft of the force of 500
men at present employed there will be
laid oil indefinitely.
lie Says We Are on a ioil staiufanl Al- !
Palmer of Illinois also made a notable '
;ieech in which he said that the reason j
the Sherman net was passed was to pre-!
vent the passage of a fri-e silver bill. It
was noticeable in Voorhees' speech that'
now here did he define bimetallism as he
held o the diwtrine; whether he favored!
free coinage of silver at 1(5 to 1. The fact j
is that l i e i.,i;o of coinage is what divides
the two l.icf.ons in congress. Nobody ob
jects to the :.c of silver as money, but the
gold niesi iiemaud that the dollar shall
have a doW.r's worth of bullion in it, if it
is -..: -.; :u a!.
Tii.- ;';ve coina.se men say that if free
f.-::i a.-e ,s established at 10 to 1. 41 A 5
j:-iins of sfandr rd silver will soon be
wort h U cms. Voorhees is indefinite on
this vital point. Palmer is not. He came
right out and said that gold was now the
standard and silver a mere commodity; its
liiu tuatious were such that its use as
money was not safe and would not be so
until both gold and silver dollars were
equal in value. It was impossible to fix a
ratio: the market value of silver was in a
state of chronic fluctuation. One thing he
was sure of and that was that the first
hitig to be done was to repeal the Sher
man act. He believed that would be one
step iu the solution of the problem.
1 he repeal, he said, should lie accompa
nied by legislative action putting lieyond
doubt, the determination of the United
Slates to uphold the proposition that an
American dollar is Ion cents. He had no
sympathy with the talk about England
that cropped up at all points in the debate.
uecouidhoid our own with her. "With
commerce unshackled," said he, "'by use
less restrictions, and a mercantile mariue
which an unshackled commerce will cre
ate the United States will meet our Eng
lish rivals iu every port and demand and
obtain our fair share of the money recog
nized by all civilized nations."
They 1'resent a Plan to Congress Feffer'a
Washington, Aug. 23. Eighty-five res
idents of Douglns county, Ills., think that
they have solved the financial question.
They make their plan public through a
petition to congress, which was presented
in the senate by Peffer, and which was in
words and selling as follows, except the
address: "Your petitioners, citizens of
Pleasant Ridge, Douglas county, Ills., and
vicinity are opposed to our present Finan
cial Laws aud petition your Honerable
Boddy to revise them. Please hear us, we
nre opposed to the issue of aDy morein
tereste paying bonds.
"We demand gold, silver, aud paper
money issued by the government and a
sufficient amount for the best interest of
the government, gold to be a legal tender
to amouut of 4300 after that 1 per cent,
discount, silver to be legal tender to
amount of oO after that 1 per cent, dis
count, paper money to be a legal tender
for all debts iu the United States. (If gold
worshipers wants gold let them buy it)
we demand a revenue and tax on all
wealth to share the burden of expences of
the Government, we endorse our Honera
ble ex-Presidents Thomas Jefferson, An
drew Jckson and Abraham Lincollen as
honest advisors. We advise a make to be
put on all traitors that are opposed to hon
est and Just Ijiws and have them to take
warning before it is too Late."
Pfefler himself submitted to the senate
Monday a plan the full details of which
are somewhat remarkable. He proposes
the immediate issue and circulation of
treasury notes to the amount of $250,000,
TtiO of the denomination of f 1, $2, 5, f 10
and ?20. These notes are made payable in
lawful money and a e to be received by the
government for taxes and all public dues
aud to be legal tender for all debts. As
fast as prepared they are to be placed 'in
the treasury as so much available cash and
paid out the same as other public moneys
aud re:'ssued when returned to the treasury
iu course of business.
HooiiuTS are Made Happy.
Arkansas City, Aug. 23 The presi
dent's proclamation announcing that the
Cherokee si rip will be ojieued Sept. 16
caused the greatest excitement among the
boomers, 3,000 of whom are camped here,
and the rejoicing as the news spread was
of the wildest description. At uight
there was a mammoth demonstration with
a parade, bonfires ami speeches. From
every point of the strip where boomers
have centered come reports of demonstra
tions. Men seemed t j have gone mad w ith
delight aud women are not far behind
The Weather We May Kxpect.
Washington, Aug. 23. The following ara
the weather indications for twenty-four hours
from S p. in. yesterday: For Iowa, Illinois,
Wisconsin an I Upper Michigan Local thun
derstorms with rain, followed by cooler,
northwester. y winds and fair weather. For
Indiana and Lower Michigan Southerly
winds; slightly warmer, fair weather, except
local thunderstorms in lower Michigan.
LIVE STOCK AND PRODUCE MARKETS
Chicago ' .
Chicago, Au?. 22.
Following were the quotation! on ths
Board of Tra.ia today: Wheat August,
opened 61(5j, closed ttl-'ie; September, o; ened
t.';.4C, closoii t2.Wc; IX-cember. opened "uhie,
closed loc Cum August, opene! 3se,
closed 3siljc; September, openol IS'Hp, closed
SsSJc; May, opened 4lh0. closed 1i;.8 Oats
August, opened iJ-M.c, closed 23; Septem
ber, opened -4c. closed -4c; May, opened
Soc, closed BOc. l'ori August, opened
, closed ; September. opened
$12.so, close ! S12 53: October, opened S13.0U,
closed ill 4'J. Lard September, opened
Js.10, closed t-70.
Live Slock: The prices al tha L'nion
Stock yards today ranged as follows:
llogs Estimated receipts t-r the day, 15.0JU;
left over about 4,'i ; ijuaiity good; market
fairly active on paciisi: a-l shipping ac
count, opening steady at yeVcr.lay's final
figures, but closed we.ik and 1 -Uilic lower;
sales ranged at 4 ?u&3.4" pus. S-Y45&6.0U
light, Sl-9 &1.15 rousu packing, Ji-lOS.W
mixed, and S-i.li.io.4i heavy packing and
Cattle Estimated receipts for the day,
6,UOu; quality fair; market rather slow
and prices steady; quotations ranged at 4.64
tfri.U) choice toextra shipping steers, tl.l(K3,t.5a
good to choice do, $3.5Uji4.W fair to good. $0.00
3.40 common to medfum do, (2.9 ii 61 butch
ers' steers, S2.U3-73 stockers, S2.5'J3:tJ
feeders, Jl 2.2.9i cows. $LMji3.35 heifers,
JI.5tf3J.2j bulls, t-0Ji3.3J Texas steers, and
82. V 1&5.0U veals calves.
Bheep Estimated receipts for tlie day,
B.uou; qua'ity lair; market rather quiet and
prices steady; quotations ranged at S2JS5
ii3.4J per "l'Ju lbs westerns, J2.iKi3.UI
Ttxaus, $2.0u3,t-2J natives and kS-SJ&i.UU
Produce: Butter Fiacy separator, 22a
per lb; fancy dairy. Iti'-aitt4c; packing
stock, 13c. Egs Fresh s'.ocs, loss on", lJo
perdoz. Live pjultry Spriiu caicieas, lie
per tb; bens, ac; roosters, 5c; turkeys, 11c;
ducks, Uc, gaeie. Siting 1.0J per doi. New
potatoes Early Ohio. l.SJ'jilSJ per bbL
Apples New, $2 ouci75 per bbl. Honey
White clover, 1-lb sections, Ij&Kc; broken
comb, luc; dark comb, goal condition, luj
14c; extracted. aic per lb.
New York, Aug. 22.
Wheat September. 0iXi&&h&l Octo
ber, Tl &-16&7l?ic; December, 77 5-16&76j4i?;
Slay, e2?4C K e Nominal ; western, &5c
Corn No. H&Hic lower and dull; easy;
September, 4ta2,47e; Oct ber, 47H34?fec;
No. 2, 4734S-4c. Oats No. 2, dull and
easier; state, 3(V&tCc; western, '&H
&46c; August, iOc; September, &$fco nomi
nal, fort Steady, quiet; new mess, $14.50
&15.UU, Lard Nominal; steam-rendered
The Lioral Jlarkrta.
"orn 4ic 4-k' .
New niti .":.
Hay Timo:bT. 510; upland. I7.M2S.50;
1oui.I.;6.CI0i37.00; baled. fl0.00Q9.0U.
Butter Fair to choice, SOt; creamery, 8U225c;
Eu-?s Fresh. 12--ic.
Poultry Chicken, ljc; turkeva 1H; ducks
littc; gvvre, 10c.
TUT IT XD TBOBTAELB
Apples f :t VxaS-1 per bbl.
Potatoes (K ic.
(nions Tie per 1'I.
Turnips 4."c per ba.
Cattle Butchers pay tor crn t a steer
444c; cows and oeifeis, lij'c calves
proceedings in Congrets.
Washington, Aug. 23. Iu the senate
Allen of Washington gave notice of an
amendment to the Voorhees repeal bill by
substituting a free coinage bill at 10 to L
Peffer introduced a resolution cutting the
salaries of all government officials who re
ceive more tbrn f l.OWJ per year. Voorhees
spoke on the repeal bill, blaming the de
pression on the money power aud national
banks and advocating repeal of the Sher
man law, and an income tax. Palmer of Il
linois spoke.declariug silver hopelessly de
moralzed and advocating repeal as a first
step to help silver. Debate then took place
on Voorhees nationsj. bank bill, . but it
AND NOT THE TESTIMONIALS
OF PURCHASABLE CHEMISTS
Hi: - :
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