Newspaper Page Text
Hock Island Daily Argus.
VOL. XLI NO. 281.
ROCK ISLAND. FRIDAY. SEPTEMBER 15, 189S.
Single Copies 6 Oaata
Per Week lH Cent!
is not as cheap as our FALL OVERCOATS
we are selling for
Worth $13.00 to $18.00.
We bought them cheap, and are going to sell
em cheap, and quick.
You can buy school suits almost at your own price. We must unload,
as we have bought too many goods for the room we have.
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
W and 1527
TLh Fashionable Fabrics for Sprin.; and Summer have
J. B. ZIMMER,
"3' ' Call and leave your order
Stab Block Opposite Haijer House: '
' l-ica'ed la hie new shop.
At 324 Seventeenth Street.
"""if hi eucee specialty. ' Opposite the O'.i stand.
SAX&RICE, ROCK ISLAND,
124 126 and 12b
LABOR. TIME, MONET
BI USE? 8
Use it your own way.
It is the beet Soap made
For W ashing Machiue use.
WARNOCK & RALSTON.
Is Life wth "Living?
That Depends Upon Yotir Health.
Will euro yoa and keep ycu well.
Kor sale at Barper House Pharmacy.
Joim Volk & Co.
Sash, Doors, Bliuds, Sidingi Flooring
And all kinds of wood work for builders.
Eighteenth St. bet. Third and Fourth avenues.
PRAISE FOR RANKS
Banquet at Chicago to the Cur
WHO TALKS OF THE STATE OF TRADE
The Clouds of Depression Lifting and
Good Times Coming on Apace Words
or Commendation for the Hanks, Which
th Speaker .- Declares Represent the
Opinions of the People--Why lie is and
Has Keen an Optimist.
Chicago, Sept. 15. Around a banquet
board that was shaped like a horseshoe,
emblematic of thelgood luck that attended
Chicago during the panicky days of July,
gathered the bankers of Chicago to do
honortotheir guest, Comptroller James II.
Eckels. The feast was spread in the ladies'
ordinary of the Grand Pacific hotel, and
the white linen was relieved by clusters of
red roses and festoons of smilax. Around
the table sat the financiers of Chicago. Ia
the center of the outer rim of the horse
shoe, by the side of Lyman J. Gage, was
the youthful comptroller of the currency
of the United States. Boyish in build, his
small, spare form and his beardless face
were in striking contrast with the stal
wart men around him. Fif;y of Chicago's
leading bankers sat the board.
The Comptroller Returns Thanks.
When justice had been doue to the elab
orate dinner Mr. Eckels was introduced,
and after a few graceful words of thanks
for the hospitality shown him lie said: "I
am grateful not aUjne for this evidence of
interest in mo, but because throughout
the trying t iines of the months since un
dertaking the duties of tho comptroller's
office I have known and felt that in each
effort put forth to maintain the credit of
the banks and make more sure tho finan
cial stability of the country I have had
your hearty co-operatiou and sincere sup
port. Under the heavy burdens of great
expenditures made necessary by the evolu
tion of your marvelous fair which is in
deed a World's fair you have yet main
tained suel. financial standing as not
alone has drawn to you the admiration of
the people here and elsewhere, but has
been of inestimable valu : in preventing
Reports an KtK-oiiragiug Outlook.
"One of the great dailies of New York, in
the introductory to an account of a din
ner there given two mouths since, at which
I hail the honor to be the guest, said:
'Amid the crashing and toppling of west
ern banks, the bankers of New York, Re
publicans and Democrats alike, met last
evening and gave expression to their faith
in the financial stability of our country.' It
cannot but be a source of natural congrat
ulation that the gathering of tonight is
under other and different circumstances.
The disasters then threatening, happily
for us all, have passed away. No longer
banks are suspending and factories closing,
but instead reopenings are the order of the
day, and whirring spindles and smoking
forges are furnishing labor for the 'army
Kven the Scared Depositor Keassurred.
"Affrighted depositors, realizing that
they had done themselves an injury and
feeling that the thousands of banking
institutions which they suddenly and
without cause doubted are yet as solvent
as in the years of their implicit confidence
in them, are returning their money that
it may uo longer lie in wasteful idleness,
but again entering t he channels of trade
give life to deadened industries. Ou
every hand is evidence of a better condition,
so marked lh.it 'he who runs may read.'
If there yet lie here and there some
'doubting Thomas' let him but know that
the mills of New England are again being
put in opeiatiou; the fires in the furnaces
of Pennsylvania relighted, and the facto
ries throughout the country becoming
the hives of busy industry and even he
must no longer doubt.
Only Waiting for the Senate.
"The paralysis of fear which so insidi
ously came upon the people is surely
leaving them. It yielded to a degree when
the president called in extra session con
gress to repeal the culminating cause
'the Sherman Silver Act.' The advance
has been marvellous since the heroic treat
ment accorded in the house of representa
tives, and the recovery will be complete
when the senate under the coercive force
of public opinion confirms the action of
ANSWERS A FEW CRITICISMS.
His Hopes of ltetter Times the l;eult of
a Study or Facts.
"Criticism lias been passed by some that
during those months of depression opin
ions have emanated from the comptroller's
office of such a hopeful character that there
must be a failure on the part of the comp
troller to appreciate the gravity of the sit
uation, or else the enthusiasm of youth
blinded his eyes to the f lets. There was
neither lack of appreciation on the one
hand nor youthful enthusiasm on the
other that led to the utterance of such
opinions, but. instead, a calm study of the
facts as t hey came from an inspection of
the records of bis office. True, from the
1st of January to the 15th of August 151
national banks, under the pressure of var
ious causes, closed their doors, but more
than 3,500 remained unshaken.
"Surely the percentage of closed ones
was not sufficiently large to make the
most despondent believe the system was
falling. Was there not cause for encour
aging opinions when it was found that al
most 100 of that number were absolutely
solvent and would reopen for business?
Should the prompt resumption of sixty-one
national banks stronger than at their clos
ing, and the knowledge that more than
half that number were preparing to do the
same, lead to any other opiuion than that
the outlook must be brightening? Should
the reports of deposits largely in excess of
withdrawals at each reopened bank, and
returning confidence in each community
where located.be a source of depression in
stead of an inspiration to hope?
"I could not have spoken other thau I
did and maintained the truth. I could not
have believed in a Continued and wide
spread disaster, under the circumstances
as we now find them, and have maintained
my faith in the stability and energies of
the American, people; and the citi.en who
throughout tUose anxious nays has
pictured ruin to bank and factory and
store, is nnacquainted with the resources
ct his country as they stand today, and
fails in his appreciation of the abilities of
our people. Those memorable months
ought to be fruitiul in lessons to our peo
ple. It cannot but lead to better con
sidered financial laws on the part of our
"So experimental legislation will lie
undertaken again. The 1 experience
through which we have passed has been
so costly that no party, no matter how
strongly entrenched in" power, will from
this on ever attempt to juggle with the
business interests of the country for the
sake of political advantage. The lawa
regulating the monetary system will here
after be the laws which govern the world's
trade, and being such must make our
people rich beyond compare.
"In conclusion let me speak what I know
to be the sentiments of the American peo
ple when I say that to the conservative,
wise, and judicious course pursued by the
bankers of chis country is duo in the larg
est measure the fact that there has not
been greater depreciation. The politician
and the carping critic may find fault, but
the thoughtful citizen, unbiased and un
prejudiced, seeking neither votes nor noto
riety, knows that the course which has
been pursued here and elsewhere by the
interests here represented, has prevented a
panic that would have gathered within its
sweep every business interest in the coun
try.': GOOD TIMES ARE A-COMING.
But the Iron Trade Review Is Not Blow
ing Any Horns.
Cleveland, Sept. 15. The Iron Trade
Review says: Xo set-back has come to the
tendency toward better things, but at the
present time it will be a long time before
the old volume of business will come back.
Here and there a better run of sinall orders
is reported, but buyers are feeling their
way and waiting. In raw iron markets
there has been largo movement, but prices
are as before. Stocks in buyers' hands
were never so low, and were the usual
amounts of pig carried at foundries and
mills the statement of stocks in makers'
hands would show a decrease.
The active blast furnaces Sept. 1 num
bered 132, with a weekly capacity of 85,510
ions, against 10! active Aug. 1, with a
capacity of IDT, (-42. This means that the
production of pig iron at the beginning
of this month was at a rate of 4,500,000
tons a year, or aliout half as much as was
produced in lr.J. Coke iron production
Sept. 1 was at the rate of 59,076 tons a
week, or 3,000,000 a year, which is 44 per
cent, of the coke iron produced last year.
There was a total accumulation of coke
iron in August of 37,000 tons, nearly all
in the Pittsburg district and the two val
leys. Some sales ot Bessemer pig "at Pittsburg
are reported at $12.50. Billets show fur
ther weakness, a number of orders being
taken at 19.50 by sellers anxious to get
tonnage sufficient to start their mills.
Structural material has been a somewhat
better market of late, and the outlook for
building contracts, particularly in the
east, promises a continuance of moderate
DOWN AT JACKSON PARK.
Novel Reception at the Woman's Iluilding
Chicago, Sept. 15. There was a novel
and interesting reception at the Woman's
building at the World's fair last night
when the priesthood of the Orient and Oc
cident met in the assembly hall of the
building. Among those present were
Most Rev. Dionysius Lattas, the arch
bishop of Zaute, Greece; Archdeacon Ho
mer Pararcs; Count A. Bcrnstorff, of Ber
lin, representing the Lutheran church;
Professor Minns Tcherag; Bishop B. W.
Arnett, African Methodist Episcopal; J.
P. LeoIIsakcr, of the Greek church; IT.
Dharmapala, Ceylon, head of Buddhists of
southern India; P. C. Mozoomdar. India;
Rev. Dr. Brrrows, Dr. Frank Bristol,
Rabbi E. G. Hirsch, and others. Several
brief addresses were delivered.
Today there are no less than four new
ceiebrations going on at the park Ver
mont, Costa Rica, Mexico, Keeley (gold
cure). Besides this Kansas continued her
celebration with a concert in the morning
and another this afternoon, while tonight
the Kansas jubilee will be held in Festival
hall, Mrs. Lease being one of the speakers.
A feature of the Ohio celebration yester
day was the dedication of the bronze mon
ument in front of the Ohio building. Gen
eral Brir.kerhofT delivered the oration in
eulogy of Grant, Sherman, Sheridan, Chase,
Stanton, nud Garfield, all of whose figures
stand on the base of the monument, which
is crowned by a female figure of Ohio.
Because the souvenir tickets to the fair
have been stolen and used twice they will
not be received at the gates hereafter,
but will bii exchanged for daily tickets.
One gatekeeper had stolen 100 of the
souvenirs, bo it is ssid.
Michigan continued and closed its cele
bration with a concert at the state build
ing. Total paid admissions at the fair yester
day were l'J3,O00, which brings the attend
ance for four days very close to that of the
same four days last week.
The Ohio Campaign Rooming.
Cincinnati, Sept. 15. The campaign in
this state has been fairly inaugurated. In
the early part of the week Governor Mc
Kiuley spoke to a great turnout of peo
ple at Akron, and yesterday his compet
itor, L. T. Xeal, opened the Democratic
campaign at Xewark. The issues dis
cussed are mainly national. Governor
McKinley, of course, advocates the pro
tective system of national taxation, while
Xeal insist on the strictest revenue-only
plau, according to the Democratic na
No Further Reduction in Fair Rates.
Chicago, Sept. 15. General passenger
agents of the western roads have been
making a quiet canvass of the situation
with the view of ascertaining whether a
largo increase of World's fair business
could be secured tL rough a further reduc
tion of rates. The conclusion at which
they arrived is that no further reductions
are to be thought of.
last Time at Chicago.
Chicago, Sept. 15. The winners at Jack
son park were: Dancourt, 3-year-olds
2:22, best time by I,uzelle2:t,S': Atlantic
King, 2:13 pace, best time 2:11; Hulda,
free for-all trot, 2:lu,'i' best time by Alix
ZSTQi. which is the best on record in a race.
DID IT AGAIN.
Train Robbers Made a Broad
IN MICHIGAN THIS MOBNING.
A Passenger Train Held Up, the Kogine
Crew Covered and the Messenger Forced,
to Hand Oat 975,000, Which He Does.
Call-mkt, Mich., Scpt.-15. At 9.30
this morning a passenger train on the
Mineral Range railroad was held up
by four mask highwaymen between
here ami Hancock. Two men covered,
the engineer and fireman, while
the others ordered the express mes
senger to put the contents of the
safe in a bag which he did, handing
out $75,000 consigned to the Calumet
& Iloelii Mine company. The light
guards and sheriff's posse are scour
ing the surrounding country.
Two Arrests Made.
Hancock, Mich., Sept. 15. Two
arrests were made here on suspicion
of being implicated in the robbery.
Horrible Truffle in llohemia.
Vienna, Sept. 15. Two women living
in separate villages in the district of Kut
tenburg, Bohemia, who have been arrested,
were engaged systematically in the busi
ness of murdering children whose parents
desired to have them got out of the way
LIVE STOCK AND PRODUCE MARKETS
Chicago, Sept. 14.
Following were the quotations oa tho
Board of Trade today: Wheat September,
opened 'ihC. closed 67c; October, opened
CUc, close I ftc; December, opened 7214c,
closed IlJss. Corn September, oensd 42)jc,
closed 41c; December, opened 4214c, closed
414c; May. opened 45c, closed Hvc. Oats
September, opened "iCJo. c osed SOJfjc; Oc
tober, opened 27c, closed -C!c; May.
opened 31c; doted 310. Pork Septem
ber, opened $16.25, closed $16 30; October,
opened, $14.50, closed, S14.80; January,
opened $13. 65. closed 13.75. Lard Sep
tember, o ened (8.55, closed $8.00.
Live Stock: The prices at the Union
Stock yards today ranged at followj:
Hogs Estimated receipts for the day, 26,000;
quality fair; left over, about 4.0U0; market
moderately active and rather unsettled,
prices were 5c higher early and later ruled
weaker; heavy 5310c lower; sales ranged at
J4.SMSti.10 pigs. $5.8&t.60 light. $5,5055.75
rough packing, S5.75&6.40 mixed, and S5.83
6.30 heavy packing and shipping lots.
Cattle Estimated receipts for the day
16.C0); qual ly fair; market rather active
on local and sbilppng account; good grades
rather firm at former figures; other quail tits
steady, but not quotably lower; quotations
ranged at $5.0J5.4J choice to extra shipping
steers, 4.30jit.i(0 good to choice do., 3.JJ
fi . to good. $3.30 3.55 com
mon tar medium do, J2.85aS.53 butch
ers' steers. $2.0)&2.75 stockers. $1.50(3.00
feeders, J1.4iaiJ cows, S2.2533.lu heifer.
81.5 '3.50 bulls, $2.2J3.1J Texas steers,
2.5033.85 western rangers, and J2.5Jji5.50
Sheep Estimate! receipts for the day,
11,000; quality fair; market rather active
on local and shipping account and
prices well supported; quotations ranged
at Ji00jJ3.50 per 10J lbs. Westerns, Sl.WJJ.lO
Texas, 5l.SWit.25 natives and 2.75&5.S5
Produce: Butter Fancy separator, 24Xa
25c per lb; fancy dairy, 20SJ22c; packing
toe, 14c. Egs Fresh stock, lie Dr dz,
loss oft. Livo poultry Sarins chickens, ita
per lb; routsrs, 6j; turkeys. Miillc; ducks, '
c; geese. S3.0O&0.01I per doz. Potatoes
Wisconsin Hose, 75c per bu; fancy, 73c;
home grown, $1.UU&1.25 per lH-bu sack.
Sweet potatoes Jersey, $5.01 per bbl; Bal
timore, $3.2-&1.5J. Apples New, fair to
choice. $3.00&2.7J per bbl. Honey White
clover, 1-lb sections, limine; broken comb,
Oc; dark comb, good coalition, 10J5l2c; ex
New York. ,
New York, Sept. li.
Wheat September, 7353734c; October, 74
a74c; December, 77 7-l677c; May, 843
4c. Corn No. 2 dull anl steady.
Rye Quiet and nominal. Oats No. 2 d 21
and easier: state, 3-Ji-j illsc; western, 36&
The JLoral markets.
Wheal 74 7S?.
Day Timothy. S OOS$9.00 ;npland. ! 00a SfcOC :
slouici, $G.00$7. 00; haled. S10.00S9.00.
Batter Fair to choice, 22!4t33c ;creamerr,3Sc
En?t Fresh, Lie.
Poultry Chickens, 13c; turkeys Y.; ducks
12S4c ; gceec, 10c.
FKCIT AND TEeSTABI ES .
Apples 15 OOOS'i OO per bbl.
Onions ij(c per bu. ,
Turnips 4oc per bu.
LIVE BTOT K
Cattle Batchers pay for corn led ttcers
4TMc; cows and ncifeis, aiijfic calvts
SS ON TOP
Costs less than Half
and pleases much better
than the over-priced and
over- endorsed" kinds.
Judge for yourself.
; In Cans. At your Grocer's