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our :V- LETTER .TQ ./I. jriir gjrttom IVopoaed for tfie Inde Meut l'arty, Baaed on Builnoii PHn pie*.—Two Issnes before the People. 5eab Sik:—Your communication In the Liberty Bell advising the meeting of farmers and laboring men :to discuss political and financial ouestionsis no doubt a good one. Batf the reading of at least one independent paper is a necessity to any. man who would be an intelligent v?,terj,a8 the S- o. p. papers Bystem- Mically suppress or misrepresent every thing which would injure their party. Now the Libert Bell, has SP®0®^ its columns for all honest re viSifipfrmers to exchange ideas—not to wrangle and misrepresent each other's theories, but to assist each other in reaching right conclusions principles. In presuming to er your request allow ihe to say a banker and further I do ®eve you need any advice from km, but I claim to have some ledge of political economy, ext to your article in the same paper is one signed "A Farmer," which sets forth many of the reasons given in support of a protective tariff. It is a godd article and a truthful and strong argument in its main points. Notice particularly tliat part where he says "Their interest and aim is to secure commercial supremacy." Now what is commercial supremacy? Just this: if I in my dealings with other men buy more than 1 sell and thus become indebted to them they fc.Wi.Y'.'v.jggghave commercial supremacy over me. And vice versa. Just the same be Wi tween nations as individuals. Did friFM ofcever know an individual to hab tti&lly pay out annually large ms more than his income from all rces and yet remain prosperous? .^because that would be impossible dit is just as impossible for a na tion as for an individual. Now where "A Farmer" makes his mistake is in assuming that the pro tective tariff has prevented and will §g prevent other nations from securing ^ri^fi commcircial supremacy over us. We have had a protective tariff now since MM'and'it has utterly failed in that respect. The buroaq of statistics shows a balance of trade against us m: pi since 1838 including gold and silver r^ of more than eighteen hundred mil 'lions of dollars largely accumulated «ince 1861. I have figured up the Hi? amounts, taking the different years 111 and adding together to get the result L® an*kno^ am telling the truth. So money has been exported. That la precisely the evil which the pro- *jj( "tective tariff was to prevent and ''v S which "X Farmer" assumes }t has pre vented and will prevent, and yet here 4, fev'^are the facts which I have stated. jeltlr Any one can examine the government reports and know for himself it is Now there are three ways by which large amounts of money are Utaken from us-to' foreign countries: jgfet, in payment for imported goods, fcond, by our citizens traveling in "foreign countries. Third, interest and principal paid on corporate loans Kmii negotiated In foreign countries. Of fthe two last the government has no knowledge and'collects no statistics. fill The merchandise, all classes, exported Jill ^as been usually since 1873 larger than imports, leaving a balance in .our 1 1 favor, but in foreign travel and pay ment of interest on lofcns there ia fsg every year a heavy balance against? US. -y I have a letter from the chief of the bureau of statistics in answer to my inquiry, showing that a little over 1 200,000 of our people visit foreign countries, other than Canada, and J! Mexico, annually. 1 estimate the ex p! pense at $75,000,000. Then the pa.v 88$ ment of interest can hardly be less than $100,000,000 and may be more. Two years ago the Financial Ghron icle, of New York, estimated the toal ance against this country at $161,000, "000 for that year. Last year there was property in this country sold to fo'r- QllmSmm «Ign syndicates to 'the extent of $200, ',Vr ooo,000 which probably just about rep- 1 yfev wan {hut resents the balance of trade against us on all items for that year. This bal /Viance at present i£* being re-ih vested ihere. It is not taken out of the coun Suppose now that your neighbor owes $1,000 at ten per cent interest, at the end end of the year he says I don't want to pay that interest at present will give you a note for $100 at 10 cent. You want your money out drawing Interest and you take the S note. That isrepeated year after year t" until you become alarmed and de 'ij rj,.mand your money. Then the other sm fellow has a financial panic. Now you smm$ represent England and your neigh hor the United States, and you can 'i see the point. The fact that these debts are corporate debts makes no difference. The corporations collect from the people tapay them and con cfeiqtieiitly it is debts -of the coun try as much as government bonds are i^ow take the other statement of "A Warmer" that last year we Imported $624,000,000 worth of foreign merchan dlse a large part of which might just as well have been produced at home, •_ i.-/. which is true and then think of bow to p®y $200,000,000 annually to other countries easier and better for us, than to shut out that amount of im ports and manufacture that much more- ourselves. If you learn such way please let me know, as I have '•f'k -1 not been able to do so. We can not increase our exports in quantity very much because the world's market will not absorb more.- Even if we reduce 3«,our selling price others must do the same and we would lose value with out gaining quantity of sales. Our iiighe8t balances of trade on exports "'V* and imports were when money was comparatively plenty and prices high, fjv —was from 1877 to 1885. So the idea that our exports will largely increase with a low tariff and low prices for MvVfc labor aud conseauentlv low prices ot &\S\ farm produce and merchandise is simply nonsense, or if not what, good 4" could come to us by reducing every thing to the European standard? A tariff that is best for you is best for your neigbor also, although you may he a free trader and he a protection 11st. You can not both be right in Lw £ri' I your opinions then do not quarrel, f^r,, but go to work calmly to learn which ki -, 7i Is best and then work together. That srA^ 1 Is the reform idea. •--^y a Now I will explain why and how •%..' our protective system has proven a 'fraud. The protective system was E"" lanned and intended to encourage ome industries, to make us commer cially independent by keeping our money at nome and that conld be done only by keeping the balance of -?-r trade'in our favor. This tariff law enacted at the commencement of a great war which for four years oc cupied the attention of the whole country. During that time a great amount of money was put in circu lation which naturally increased manufacturing and business of all kinds by raising prices* while im mense quantities of foreign goods were imported and large amounts of money borrow* d'from Europe to build new railroads. In short there was a great, boom and wild speculations. The forge balance of trade agaiust us took the money directly back to Eu rope and then we borrowed it again, giving more bonds, then it was col lected from the people and returned by the Corporations and importers, and we borrowed again through other corporations. And the ptoce'ss is still going on and these debts still in-, creasing. Late reports show the debts of railroad corporations in the United States to be over $9,000,000,000. A few days ago a large corporation in the northwest arranged with Euro pean parties for a loan of $40,000,000. Many of the corporations have their bonds in English money to accom odate the English buyers. The low rate of interiest there and the high rate of interest here is sure to trans fer large amounts of thpse that are considered safe,. as our government and the corporations have been very careful that no knowledge of this matter should reach the public. Let us suppose that one half of the money owned ih Europe at 5 per cent inter est, the annual interest, would be $225,000,000, Remember you repre sent England aiid your neighbor the United States,.still paying the inter est with other notes and bonds, and you will understand what we may ex pect in the future. Suppose again that thirty years ago our {government had issued treasury notes and loaned the money to the corporations to build railroads and taken first mortgage bonds and rig idly compelled annual payment of iuterest at 5 per cent and prohibited any over i6sueof stock or tne borrow ing of foreign money, pur railroads would now be owned by the govern ment ahd the people of the country, the debts of the corporations not more than half what they now are, the interest going to support the government instead of being exported to other countries, and more than one thousand millions of our money, which bad been exported, remained ih this country where it has.been and is now so badly needed. A little or dinary Intelligence and common hon esty was required at that time, but was lacking. The leading politicians instead of trying honestly to Carry out the protective policy as at first In tended, joined the crowd of shysters and speculators located in New Yoi*k add London and have used nearly every means in their power to rob instead of benefit the masses, while the latter held up their handi. Their legislation on the Pacific rail roads and finance ought to shame the devil, and we ought to be ashamed of keeping such a gang in office so long. The different laws which they passed I can not take dine or space here to enumerate or describe. You no doubt, are acquainted with many of them. Now I will propose. that the Inde pendent party adopt the following as a definite tariff policy for the future: First, congress shall take such ac tion as will compel every corporation to report annually the amount of its stock and bonds owned by foreigners, and rates of interest dividends. Second, to collect statistics of for eign travel of our citizens showing the amount of money exported in that way, also the amount of money brought here by immigrants and any other statistics which may be neces sary to ascertain approximately the actual balance of trade between this and other countries in all lines of business. Third, Thus having obtained the necessary intelligence on which to base an honest tariff system the tariff shall be adjusted as to give a small balance of trade in our favor. Germany and France prohibited the importation of American pork into those countries for precisely that rea son, to maintain the balance in their favor, although the excuse was that our pork was unhealthy. They have a sharp contest to keep even, but England is so far ahead of all the rest of the world with foreign in vestments and such vast sums of in terest and dividends paid to her peo ple annually that she can import mer chandise in excess of her exports, from four to eight hundred millions of dollars worth annually, and yet on the whole have a heavy balance of trade in his favor. Now it is abso lutely true-that any nation situated as Ireland or Egypt is under complete control, comniercialy, of other na tions, can never give prosperity and protection to its own people, no mat ter how well and justly its Internal affairs are managed in other respects, because its money is constantly taken by its foreign creditors. It is in precisely the same condition as so many western farmers, gathering every dollar possible and sending away to pay the annual interest, leaving a chronic condition of pov erty at home. But some one says issue more money. Yes there should be more. But what good would it be to pump water into a trough to fill it, with a hole in the bottom as large as the stream you pump in? Ordinary intel ligence would say stop the leak first. And it is just ordinary intelligence, such as the farmer and merchant all the time use in their personal affairs, which we need in national affairs. Use it and be independent of the po liticians. So far 1 have been speaking of the affairs and interests of the nation as a unit but there is another side that is so broad I snail only mention it in this letter. First, then, a country like England with great wealth and' a large balance of trade in its favor, may by unjust class legislation (other than the tariff) keep the masses of its people in abject poverty. AH politi cal power both in England and the United States is held at present'by the wealthy class. That fact ac counts for class legislatfon and indi cates the result. If our present, poli tical system remains, it needs a thorough overhauling and refitting to make it meet modern requirements. The trust for instance, which is an outgrowth, a developement of modern business conditions, must be nation alized. It is a mistaken idea to sup pose the trust is caused by either foria of tariff sir either political party. First all business was done by in dividuals, then by corporations, then by a combination of corporations called trusts. Competition becomes too sharp hence the trusts. Men who work for these are oppressed and will be made slaves there is an irrepres sible conflict between the trusts, the monopolies and the. masses of the people. The people must own them or they will own the people. You will notice then there are two dis tinct issues to be met, one in regard to foreign dealings, the other oiir home regulations. Both must be righty adjusted to insure prosperity to the masses. Independent. Sioux City, Iowa. Dec. 5,1890. ..... Money tomdert Complalnlnc.^ The following is a dispatch from Topeka,.under date of November 22, which is undoubtedly for the purpose of trying to scare some of the People's Representatives: "The bitter hostility that has been expressed during the campaign by the People's party leaders toward all mon ey-lenders is already acting against the best interests of farmers of this state. One of the leading banking houses of New York has sent out the following: '"The reported control of the Kan sas legislature by the Farmers' Alli ance disposes us to make no more in vestment in your state for the present. We are apprised that such control ex ists and will be made manifest in the next legislative session by adverse legislation toward mortgage creditors resident outside the state, so far as such legislation can be constitution ally enacted, and perhaps much fur ther. With this menace of hostility can we go on increasing the amountof loans there? We hope this condition of things may be only temporary, but we cannot disregard it. We do not care for any new business, at least un til after the next legislature has ad journed. l&llp Old Soldisr* Don't Lllic Fraud*. Do the old soldiers who' voted for Alliance men and elected Democrats expect to hear of the service pension bill passing eongress very soon?— Ainmcorth £kar. Sat, Tom. a republican congress passed the pauper pension bill and pigeon-holed the serice pension bill. What's biting you?—itodfc County Bugle. Tax: old soldiers have ceased to ex pect their rights from either of the qld parties, so they have gone into the political business, with a party which demands a service pension. l%ere are two old soldiers in the Sun office who have quit the Republican party for something better.—Sheridan County Sun. Apropos of this entrance of woman into so wide afield ot pursuits and the bearing sustained in some unusual branches of labor, it is said that Mrs. Nicholas of New Orleans, the only wo man in the country who holds the posi tion of editor and proprietor,, is so quiet and low voiced and refined in manner that she would never be sus pected of being the great power behind the New Orleans Picayune. An other instance is that of a New York lady, who at the death of her husband, could only earn $5 by two weeks work at sewing. She mastered machinery nntil she became fore woman in afactory at $8 a week, and then by night study gained a know ledge of bookkeeping, which secured her a salary of $12 a week and finally led to the development of talent in another direction, so that she is now able to earn $3,000 a year steadily as a writer of advertisements. And yet this lady preserves her womanly tastes and delights in the artistic home she has earned and is gentle of voice and manners. Records of wo man's achievements in. new lines of work are delightful in proportion as they bear this dual witness of strength combined with the softer graces and there are countless numbers in the United States to-day who are versed in affairs and can talk or write "on mind and art, and labor and changing mart, and all the frame work of the land," and still sustain thetrue man ly ideal of woman as portrayed by Glad stone: Woman is tne most perfect when the ihost womanly." The New York World says: "The Alliance men of Kansas made a great feature in the late campaign of ad vertising their poverty. In this they weresuccessful, but it was not a val uable advertisement for Kansas as a farming country." The "country" had nothing to do with the griev ances of which the Farmers' Alliance complained. The soil and the cli mate are not responsible for the de pression of the agricultural industry in Kansas. There is no other state in the union where farming can be made so renumerative under proper conditions, as in Kansas, or where it can be carried on with as small an outlay of labor and money. The farmers movement in Kansas was or ganized for the purpose of correcting abuses which have prevented the tillers of the soil from realizing the results to which they are entitled by reason of the superior advantages which the state affords in the way of natural facilities for a profitable cul tivation of the soil, when they ob tain the concession which they are now in a position to demand, Kan sas will present the most inviting field for agriculture between the Atlantic and Pacific oceans.—Kansas City Star. I is remarkable what changes can be brought about in a short space of time. It is also remarkable to what a degree of solicitude the papers through out the country are espousing the cause of the farmer. No matter what their political or religious belief they are all with one accord intesestad in the advancement of the interests of the farmers and acknowledge that he has grievances that should be heard and righted. This sudden and unex pected change has come about since the 4th of November. Quite a differ ent song to that chanted before that date.—Nevada (Mo.) Jndustlial Seview. RKAD the following choice bit of in formation from Chauncy Depew, president of the New York Central railroad system: "Fifty men in these United States have it within their power, by reason of the wealth they control, to come together within twenty-four hours and arrive at an understanding by which every wheel of trade and commerce may be stopped from revolv ing, every avenue of trade blocked and every electric key struck dumb.—Ex. 'i!'"iiii.i.ji Stand by Vour Friends. There are aphorisms and aphor isms, says the National View, but none more worthy of application than the ope we hbve selected for the head of this article. We believe in it here, now and all the time. He who wiil not do it, but instead slinks away into the darkness, where he .cannot be seen, is unworthy and deserves nqthing but shame. But he who at once recognizes the obligation and thereupon comes to the front to man ifest his regard does a noble and. praiseworthy act. To be a friend you must be a friend indeed, without any shifts or cutoffs. Friendship is a sacred obligation which may not be trifled with. You must be true to its claims and un questioned as its requirements. It naB a meaning and a significance which no. dereliction can excuse or palliate. It is the most sensitive in the hour of extremity or misfortune. Then it expects recognition and ac knowledgement, if ever. Certainly 'this is due and cannot be ignored. If it is worth anything then Is the time to show it. Who doubts or hesitates, loosens his hold and forfeits his claims. So nature works and man disposes. Confidence is inspired when men are true to their convictions, when they act in good faith and value honor more than place. Then manli ness rises superior to any mere selfish trappings, or fictitious seeming or pretense. Then, too, a man stands by his friends and pays no discount. All that he desires to know is that his assistance is needed, and he stapds forth ready to respond to any reasonable demand. Unhappily there are too many who do not answer to this obligation, who shirk the duty and run away from its claims. In gratitude is the only response they offer for favors already granted. Thus they go back on the most sacred impulses of our nature, and the finest sensibilities thereof, that move the generous activities of men. A sad commentary on individual integ-, rity and the finer impulses which are supposed to move the actions and stiffen the fraternities of friends.— Omaha United Labor. ?$§-' The silver BUI. When congress was petitioned for free coinage of silver, the pretence was set up, that such a bill was more in the interest of tne farmeis, than in the interest of the silver men, for it would have added to the value of farm products from twenty to thirty per cent., thus giving to them about one fcfurth more to settle balances. The interest of the farmers, when the gold men diotate legislation, goes unheeded. So congress deprives the farmer of this means of paying and puts on a tariff to increase taxation. All done for their benefit, of course it is, done to make products cheap. Thus the circulating medium is contracted, to make farm products cheap and a tariff if added to make manufactured pro ducts dear. A two edged sword that cuts both ways.—Glad&ook [la.) Labor Review. A GREAT many people seem to think the Alliance and Independent party identical. This is erroneous. In the declaration of the principles of the Al liance we assert that one of the pur poses of the order is to benefit our selves politically. This can be done, according to Milton George, the founder of the Alliance, either through existing parties or through an Independent party. In Nebraska the movement was Independent, and was successful beyond a degree hoped for by many of the most sanguine of our members. We have two congress men out of three and a majority on joint ballot over both Democrats and Republicans in the next legislature. This has given us encouragement, and we aregoing to have every state official two years hence. Haven't the people aright to do this kind of work? Why not?—Lincoln (Neb.) Alliance Tribune. The new tariff bill admits free of duty human hair. With the duty taken from the fine tooth comb the average farmer could spend his leis ure evenings chasing hayseed through his wad of imported human hair by the brilliancy of that free-from duty diamond in his shirt front.— Nevada (Mo.) Industrial Review, Tom men whose giant intellects conceived nothing more in the Alli ance movement than the saving of a few nickles on groceries, dry goods, etc. are now standing with open mouths and their hands in their pockets wonderine when the proces sion went by.—Western Advocate. "A jjjbt reading of the constitution is this: 'Congress shall have power to coin money, emit bills of credit, and make anything besides gold a^id silver coin a legal tender in payment of debts.' "—Daniel Webster. Jay Gould is a few million dollars richer than he was two weeks ago and a good many others are poorer and wiser. This is the net result of the reeent financial convulsion.— Grafton (Neb.) Leader. A report is being circulated that there is to be an Independent organ started at Omaha with a capital stock of $100,000. E. Thornton, of Kearney, is spoken of as editor. Frond orHU Yaari. Among tbe most venerable men who registered as voters in Brooklyn for the last election was a tall man with ruddy countenance and white hair and beard. His form was erect, and he would easily be taken for a man of 60. As he approached the registry clerk and announced his name there was a general craning of necks to catch a glympse of the proud-looking old man. "What is yonr age?" "Eighty-five years." "Where were you born?" "In Brooklyn." "How long have you lived in the state?" "Eighty-five years." "How long in the ward?" "Eighty-five years." "How long in the election district?" "Eighty-five years." "That's all, sir," said the clerk, and an American citizen who was born in 1805 in the house in which he now lives and has always lived walked away.— New York Herald. The man who never made a mistake i? a son of the woman who never gossipec and of the man who never had "the bos: cure for rheumatism you ever saw."'— Boston Traveller. FIGURES AGKEED UPON THE DAKOTA COMMISSION PIN~. |H ISHB8 ITS LABOR. |j| Satisfactory Adjustment of the Iridebted edneu of North and South Dakota Opinion Concerning the Term* ol IjCounty Auditor*—Mews In Brief. Sioux Falls. Dec. 13.—Charles E. McKinney, of Sioux Falls, one of the South Dakota members of the Joint com mission for the two Dakotas, has re turned from, Bismarck where he attended the last and'final session of the' commis sion. All claims were disposed of one way or another and the report of .the commission will' be ready for the gov ernor next week. The amount settled upon as due North Dakota by her south ern neighbor was, in round numbers, $65,000, which includes $46,000 allowed" by the former joint commission. There are $163,000 in outstanding territorial warrants, including $12,000 interest,' half of which belongs to each state. In the final settlement reached South Da kota assumes her own share, $81,000, and $65,000 of North Dakota's share, leaving $10,000 as a balance in favor of South. Dakota if she takes up all the ter ritorial warrants outstanding and issues bonds in their stead, which were the terms of the settlement, North Da kota agreeing to pay the $16,000 differ ence in cash. Many individual claims were allowed by the commission at its last session, as was the claim of the citizcns of Madison, who advanced $15,000* to complete the structure of the state normal school, for which an appropriation had been made the territory, but fell short of the amount necessary to complete the build ing. The Madison claim was allowed at, $11,000, the.amount of the bonds issued by the city of Madison to protect the citizcns who had come to the assistance of the board of trustees. Mr. McKinley states that the South Dakota commissioners received generous treatment from the members of North' Dakota. Everything was arranged in the most friendly manner and adjusted to the satisfaction of every member of the joint commission. In fact, the com missioners of North Dakota gave the benefit of many doubtful questions to South Dakota, which will accrue to the latter's advantage to a considerable ex tent. •'1 1 I Terms of County Auditor*. PtERBK, Dec. 13.—The following opin ion has jnst been given by Attorney-Gen eral Dollard, relating to the term of of fice of county auditors, upon an inquiry from W. B. Burr, a district attorney: Responding to your request for the opln iou of this office as to when tbe county auditor is elected, in pursuance of section 5, article 0, of the constitution, in the coun ties that had not hitherto such an office, I would say that the section under consider ation, while it provides that the term of ofBce of the county officer therein men tioned shall be two years, it no where to my knowledge fixes the time when the term shall commence. Tbe language of tbe sec tion is that at the first general election held after the admission of the state of South Dakota into the union and every two years thereafter, there shall be elected a clerk of the court, sheriff, county auditor, register of deeds, treasurer, state's attorney, sur veyor, coroner and superintendent of schools, whose terms of office respectively shall be two years, directs the mind to such provjsions as govern the qualifica tion and entry into office of the other county officers mentioned, Sec tion 1379 of the compiled laws provides that, except when otherwise spe cially provided, the regular term of office for all county, township and precinct offi cers when elected for the full term shall commence on the first Monday In January next succeeding their ejection, but if the office to which he was elected be vacant at the time of the election, even If he was not elected to fill a vacancy, he shall forthwith qualify and enter upon the duties of the of fice. If the office of county auditor is va cant, because previous to the election pro vided for by the constitution no such office existed, the provision for such an election, conpled with the act of election, created it. then the auditor-elect in such case should. qualify and enter upon the performance of his official duties. This is a difficult and delicate question, but I am inclined to tbe view that the office is not vacant in the sense of the term as Used in the section of the compiled laws' under consideration, as every duty which devolves on that office at tache* to the office of register of deeds, who is ex-offlcio county clerk, and who under authority of tbe schedule and ordinance of the constitution, will continue to hold and oxercise his office until suspended under the constitution, which as the office of the county auditor, may occur on the first Mon day of January next. A Clean B*oord. One of the happiest men in South Da kota is Judge C. S. Palmer of Sioux Falls. For years, owing to peculiar circum stances, his right to membership in that grand organization of the G. A. B. has been questioned. When a mere boy at the age of 17 he entered the army as a substitute for an older brother. He had an older brother, S. M., who enlisted. The latter was tbe chief support of the family, and finally C. S. persuaded him to remain at home and he (C. S.) would go in his stead. Through the entire service he always answered to the roll call of S. M. Palmer, and when he was mustered out it was under that name. The judge never cared to have the records of the war department changed until about a year ago, when for political purposes his right to mem bership in the Grand Army was ques tioned, and he was discharged. The judge had joined the army from Ver mont and he called upon Senator Ed munds to help him out. An interview was had with Secretary of War Proctor, the result of which is that after a quar ter of a century hps passed by an hon orable certificate of discharge has' been issued from the war department to C. S. Palmer. Tbe National Tribune of Wash ington, in commenting upon the circum stances of the judge's enlistment, re marked that no similar case has ever come to light. -v Dakota Hew*, Yankton county has seventy artesian wells. It Is reported that the Sixth cavalry will be stationed at Fort Meade. Ax old-fashioned circular wolf hunt Is proposed for Christmas at Blunt. A VEIN of coal has been struck at Winnebago agency, forty-five feet be low the surface. Is Clark county the Brotherhood of Purpose has several indictments against a large number of persons on the charge of usury. One usurer has been con victed. Ben Abxold, the Bad river philoso pher, was at Pierre the other day. Ben brought with him the latest official dis patch from the seat of war, to the effect that Indians had stolen the Nebraska line and were fast making it into lariats. •i'. COULD AND THE UNION PACIFIC^ What Director Amu Say* of the Road and Its Future. BOSTON, Mass., Dec. 9.—Director F. LAI Amet of the Union Pacific says in an, Interview with the Boston news bureau: "The floating debt of the Union Pacific was fully explained in last year's report. It was set down then as about $15,500,n 000 in notes and accounts payable. It has been reduced the past year about ., $4,000,000 and is now about $11,500,000.J, We sold $7,100,000 collateral trust bonds^' issued against the Oregon Railway A Navigation stock, and could at one time have sold all the $13,000,000, but thought it worth much more, so that on account the Oregon Railway & Navigation stock purchase we now have $6,000,000 bonds unsold. We have besides to show their faces in Dublin. HOLDBN MUST HANG. The Deslaloa of the Mlnneieta Cenrt At firmed by the Highest Tribunal. WASHINGTON, Dec. 9.—Clifton Holden, the Redwood Falls murderer, must hang. The United States surpeme court to-day affirmed the decision of the Minnesota court. By this decision the JShn Day Smith execution law isdeclared constltu- tional. Justice Harlan, in rendering tho decision, has this to say relative to tho "solitary confinement" section: The only intarpetation of the act of 188# that will give effect to tbe Intention of tho legislature Is to hold as we do, that sectloa 1 4 of that act prescribing solitary confine-. ment is applicable only to future offense*. not to those committed prior to it* passage, i? No principle la better settled tbm.lt th« valid and Invalid portion of a statut# ara capable of separation the latter may bo designated'and the former enforced. I» this view It does not appear that tho ap pellant la kept In solitary confinement. There is no ground, then, on which It cao be held that the imprisonment is la viola tlon of the constitutional provisions against ex-post facto laws. The sentence of death and the subsequent Imprisonment of tho convict trader sentence and warrant of ex ecution are ia accordance with tbe lawn of the state as were when the offease waa committed, and do not Infringe upon any rights secured by tho constitution of tho United States. The fourth section ef the act of IMS I* so entirely distinct from tho provisions upon which the rest ot the pstor unrevaaled law relating to the sentence oC death and subsequent Imprisonment with ont solitary coaflnement that It may bo held iaapplicabW to previous offenses and therefore aa not affecting tho validity of A" 1 11 $2,000,000 Or egon Railway St Navigation bonds: for construction advances, and there has been invested in the Portland & Puget Sound road $800,000, and,' new equipments $1?400.000, for which bonds have not been sold. We have also put a large amount of money into side tracks, new shops at Cheyenne and Den ver and the union passenger station and freight depot at Omaha, as well as other improvements. Mr. Gould knew about the floating debt when he entered the directory and he has discovered nothing: new about it. He agreed to take care of it, and has provided for the Jan. 1 re quirements, which are less than $2,000,- 000. "Mr. Gould expressed great" satisfao tion Saturday at the apcearance of, everything connected with the property 1 and the outlook for the future. He has^ no more idea of a receivership for his W property than I have for the Ames build- v-1, ing, I do not know of any scheme for funding3 the Union Pacific debt. Bad there been no. change in ownership or- management there would havef been no talk of it. We can easily pay it when the railroad bond market revives. No appeal was made to Mr. Gould, Mr. Vanderbilt or anybody else to help the Union Pacific. The first intimation wo had that Mr. Gould wished to enter the directory was in the newspapers, but. ., Mr. Adams had many times expressed ,\ desire to get out of the harness." v}? nMM THE IRISH SITUATION. Home Kale I» D«ad According to the Llab- r" lin "Kapro«n." Dudlin, Dec. 9.—The Exprtst, Independent conservative, says: "The ,!v prospects for home rule fo* j' Ireland at the next election are A as dead as Queen Anne. Irish public'''' opinion points to the continued popular- '1 ity of Parnell." The Freeman's Joumal,in which Par nell is understood to have, an interest, to-day advocates on its own re sponsibility, without recommending the plan to either side on grounds beyond its reasonableness, that efforts be made by the two factions ot the Irish party in ,the direction of con ciliation and peace. It urges Messrs. Dillon and O'Brien to return from tho $». United States to Paris forthwith, andj S that all the nationalist members of the" house of Commons or delegates from each section of the party assemble in. conference in that city. "With the full knowledge of all that has happened to decide with them what course to pursue, such conference," the Journal says, "would not only provo that the sections desire to hold together, but would attract attention to tho fact that .the -men in the front rank are of the best and bravest of the Irish party, and will preclude the set-,| ting on fcot among their own people of & an utterly fatuous break up in the tem-%»& per of the party it took so many years to*]m&S§& establish and consolidate." The Journal assumes that tho threat of the secession ists to start anew paper in Dublin is threat against itself. It says it will be^w VV,/ delighted to welcome a new journal, but' Warns the gentlemen who may be wil ing to Invest money in anew paper that' the hardest thing to make or unmake to a good newspaper, and that the worst time to start such a project is when the promoters are at th§ lowest ebb of their' ', popularity, many pi them hardly daring J- Ih'V r: such sentence aad Imprisonment. In thin way effect may he given to both tho old and the new law without rejecting any part of either as Invalid under the ooostltattoa. Died In the PalpU. NBW BRUNSWICK, N. J., Dec. 9.— While preaching to a large congregation at the Bast Millstone Reformed, church ', Sunday night, the pastor, Rev. Dr. J. H. i' Strong, said: "A man might fall aa. easy as the star. from heaven." Tha next Instant his face turned ashy pale, he ckitched wildly at the pulpit for say port and then dropped on the floor In a fit of apoplexy. The horrified congre gation was spell bound for a momenta: Then the cooler ones rushed to the proa-. trate pastor and raised him from tb» floor. He was taken home and died yea terday morning. He was about 60.year* of ago. Veil IOO Feet aad Waa Killed TOPEKA, Kan., Dec. 9.—Deegan, an iron workman on the state house, fell 100 feet and was killed. He was horribly mangled. Deegan is the ninth workman killed within the last five years while at work on the state house. /s -. fer. .i&feSk ,, 3 'if'fil-'iilitti-i iffirn'i