New-York tribune. [volume], August 19, 1897, Page 4, Image 4

About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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LOCAL MERCHANTS ?JOINING
MORE VALUABLE ADDITIONS TO THE
ROLL OF THE ASSOCIATION.
rjWaUBCKT kino Tni.:.s of his BTPOKTI TO si;
CL'RK UNIFORM 1'ATI'S AND RATO G???
thi: 8??? thkastkhn AMOCtATION.
The Merchants' Association Is not only meet?
ing remarkable gttecttM ?" attracting OUt-of
town buyers and merchants to New-Tork, but
Is receiving gratifying support from ?he lending
representatives of the business ar..l commercial
interests of the city. Among th<* gppltcanta for
resident membership received by the MUX dation
yi'stei?ay were the Metropolitan Btreet Railway.
Company, the hanking Rrma of Henry <",???.<. s &
c Barn?*? Brother? una Redmond, Km ?*.?
Co.; the Southern Pacific Company, ihe Ttde
Muter nil ?Company, th.? Lan?o ft Rand Powder
?Company, the Hotel Brintol, ?Hartlej .?. Graham
and the Chelsea Jute Milla.
The list of local members la growing with a
tt? ? linea? thai is giving much satisfaction to
the ??livers of th?* aseortatlon, and ll I? eetl
mated tliat. without any farther effort lhan is
?eon bating ni"i<i". the total realdenl meraherehlp
in a year will Ik considerably more than six
thouaand. As eu? h Of Ihl? class of members
contributes .S'jr? a year, the aasoctatkm, if pree
ent antlclpatlona are realised, would hav* an
annual Incorna of $180,000, a sufficient amount
to Insure the permanent existence of the insti?
tution. The non-resident class Is also rapidly
increasing. an?l BOW includes over twenty-..ne
thousand merchants living in all parts of the
United States A large staff of clerks la now
busjiy engaged in Indexing the names of th?tse
numbers, and when completed they tarili prove
a valuable source of referen?.
PRESIDENT KINO BACK FROM OLD POINT.
William F. King, president of the association,
returned to New-Tort yesterday morning from
OM l'oint Comfort, where, on the previous day,
he appeared before the Passenger Committee of
th- Southeastern Association to urge a recon?
Eideration of the action of that railway organi- |
nation in declining to Kraut rates to New-Tort
for merchants living in Its territory who were
members ?if the Merchante' Association, and
also for a uniform extension of time "n the ex?
cursions already granted by the roads In that
asaoclatlon to Washington, Richmond and Nor?
folk, and for further excursions to be arranged
for hereafter. This Queatlon is Important to
many thouaand merchants.
About one-third of the non-resident member
ship of the aaaoclation lives tn the South s ?otta i
of the Ohio River and east of the Mississippi
River, in which territory nearly all the rail- |
roads are under the Jurisdiction of the S? uth
eastern Association. As the matter now stands
there is no uniform action on the part <?f roads ?
In that territory that will enable merchants to !
travel direct from the places where they live to
New-Tort. While some of the roads have agreed
t?? ih?? reduced rates, others have refused to
grant them. ?
WANT UNIFORM DATEI AND RATES.
In numerous cases, however, the Southern
t er bants can nach this city by making eon
nectiona at terminal pointa which are in the
Jurisdiction of th?? Trunk Line Association, and
on some of th?* roads they can reach seaport
cities, or cities having wafer connection, and
then proceed to New-Tort by steamer. This
arrangement, however, is complicated and does
Sol cover this entire vast territory, in all of
which there are members of the Merchants' ??
soclatlon. it is specially desired to hav?? uni?
form and harmonl??us action on all the roads in
thai territory, und particularly upon the same
date? ns those which have been arranged with
the Trunk Lines, for the purpose of enabling
merchants in Trunk Line territory and at con?
necting points to get to New-Tort and return
to their homes with a saving in their traite?
li nation ratea The Merchants'Asaoclatlon will
continue to work toward this end. and its offi?
cer? confidently believe tint the Southeastern
Association will eventually fall Into line.
Referring to his ?conference with the South?
eastern Asaoclatlon. Mr. King said yesterday
to a Tribun?? reporter: "1 stated the case for
New-York as fully as possible. A great manv
questions arose In regard to what" I thought
would be the future ?f a reduction <>f rate? or
the making of spedai rates t? trade cent rea"
SHOULD RECOGNIZE ALL TRAD? CENTRES.
' I stated emphatically that every trade centre
Should be recognized In the United States, and
that all should be put upon the same footing,
leaving it optional with the merchants along the
lines of different roads to visit any trade section
they saw fit. and which was to their best Inter
sata in the past then has been s great deal of
discrimination against trade centres. New-Tork
la tir??.! of being discriminated against The
greet question of th- Southeastern Passenger
Association and one which they did not like ?-as
discrimination against the ordinary traveller in
favor of the merchant. These roads, however,
have on sale over different lin-? one fare round
trip tirkets to the gateways of the Joint Trad?.?
and Trunk Lin. associations, good for fifteen
days. They ?1" not believe In the certificate plan.
? I then made an application that they should
j? it on aale ticket? t.. the gateways of the joint
Traffic and Trunk Line associations, good for
thirty days from date of sale. This application
wai taken under consideration and discussed all
the afternoon. No official result had been ar
rived at <?? my leaving;. I was informed that
there would 1??? a consultation with some ?>f the
; ng road? In regard t" this matter, and we
? uld be advised "f the result of it in a day or
two.
TO ADOPT Tin: CERTIFICATE PLAN.
"The Richmond, Frederlcksburg and Potomac
Railroad Company will place on sale tickets over
its roads t?? New-Tork at reduced fare on the
certificate plan adopted by th?? Joint Traffic and
Trunk Line associations, from September 1 to 4,
inclusive, and September l'I to 11. inclusile, the
ti. k'-is being good for thirty days from dale of
sal??. an?l the Norfolk and Western Railway
Company win also place on sale tickets between
theae dates from all points touched by its
road dir.-ct to New-York, it making connec?
tion with the Trunk lines at Hagerstown, Md.,
and Washington. Theos date? ar?? the ?iates ?>n
which the Trunk Line excursions will be run.
This much has been accomplished.
"The Seaboard Air Une Will do anything In
Its power that Is reasonable for New-Tork In
the way of selling tickets in connection with the
nid Dominion steamship Company at Ports
month. The??? two lines ar? allied friends of the
merchants of New-York, and tee now have two
more in the two roa?ls above mentioned. The
other roads have f,n sale excursion ticket? at
certain dates to the gateways, good for fifteen
days only, which is n??t ample tim" f,,r any mer?
chant to visit any of th?* three mark??!? on the
Atlantic coast and do his business t?? advantage.
The boat leaving Portsmouth for New-Tork last
right was loaded with these merchants''
-o
UKAVY MONET-ORDER BIT8INBSS.
Poartaaaater Ven <'?>?? yesterday gave out .? ?tate.
mint ?r< ;...?.. i i y Superintendent Elliott, of the
Money (>rd<-r Division, ahowiag the amount of busl
l ti inaact? I In t: it diviaion during th?? Mr^i two
???eK; in August, ??? eompar? l with th?? re ord for
I period laat year, Th? ?tatement
ahowi th?? number ol postal ?>r'!eis paid ?luring the
first two week? of :h!s month w;i* ?:?.]?',.*. ?? ! the
amount wa- IttMttM In the same time ol
A e -' th? ? imber of orden pa!d wa? 59,4t . .?. :
t;.. amount ??, j* ??.r..7r. r??.?.
? ?
ADVANCE IN THE PRICE OK l'I : IS ?N.
Cleveland, Aug. '* Th?r? ??. a? un ad vai ?? in xh?
pr: ? < ? pia ;i n to-day, '!"'?? prk*< tor some tlm?
I ?.??.. 02 for future ?delivery, Teeterday $:?:;:,
was refused for an oi '.? ? ??? PXWt ton? Th? :.ri?<
;;sk??. ia t> SO and future bustnee? will probably be
d?.n?? at thai. This advance i* du.? t?, th?? recent In?
? r? . ? In the pr!??* of airurtur.il Bt?Ml
?
FIRST BALE OP NEW COTTON AT ATLANTA.
Atlanta, Aug. lt.?Atlanta leeehred Its flral ??.il?
of new crop cotton to-ilny. tt ettOM from (,:ifltn
and ?oil for *',. cent?.
?
PLENTT Of ?WSINESfl FOR Tin: RAILWATS,
I'hl.ridelphla. Aug. IS. -A high official of the
Pennsylvanie Rallro?ad rompane aaM lo-day ? .?
buaineM la ?honied :? mat?-rtni Increas? and thai
napanj Is taxed lo Ita utmost to furniah th??
Owing to ibi heavy gral ? movemenl which is
no? ?ornili^ Bast, there Ii a gresi demand fur i.ox
WThUe there is not a ?tar famine, there la a
BCarrfty Of Cam, and th M W hi? -? have been |,r?r
tl ally In utoraare are Mag utlllted. The greatest
demand is for bsa>ean end for ooal earn Most
of u?? box-cara are used for carrying grulu. This
I business i? cnstooiind. hut the rar? tire hcln:; ro?
tura."! fully loai.l.'.i wllh general mrr.*h.!n<ll?(?.
Railroad .?m.i-iis ?ay thnt to ail appearances a
general boom has hi in an.l the campante? ?r?
being to set! to move t!i"lr new business. The Read
? int.* ??>:???? inv reports better buslnes? .iot only In It?
1 freight i.ut" in passengers es srel?. It is ?wing >"
: Imm.ns?? business In anthracite coal i? well a? ?.? -
??urine- n lar?.? amount ut" ?train, whl.-li I? li?-ln?*
1 .-?, ,i .m vessels a! l'on Rli binon, 1. It I? aUted
tail rates are !>? imr li.-tt. r maintained ani thnt
there |a in? in llnatlm on tii?* part .?f th? lln???
that are member? <>f tswJolnl Trim.- Asseristi m ?.?
eu: ml.'s.
SAMUEL M. IN'MANS OBSERVATIONS.
AFTER THREE HOXTII? ABROAD UK ll COM
?.IN. I.i? THAT PR ?BBRITY HAI ARRIVED.
Atlaata, Oa . Atte. U .Si??? im Sr.mu. ? M. In
?nun. l.r.dh. r of tl?.? ! .t.? John H. Inman, and h??d
..f tha cotton house e.f Inman, Bwann ?''- Co.. who
haa laai returned '?> Atlanta after a Un?.*.? months'
vacation abroad, confinas by tie? results a>f iii-?
ol.. rvatlona Ih? annerai ini? ?>?< sslon that un ?ta of
prosperity bas ? in. H.? bases thi.? opinion on ?ur
l'aia? crops, th- prospective demand for Ihem, th?
probable heavy balance of Irade in our favor, ami
th? spirit of . .uiii.i.ti ?.? and buoyancy which has
. replaced lha! uf depression a?'..I doubt
? Wii. m I left New-York In .May." said he. "there
v...? a feeling of depreselon. Tie re was greal un?
certainty as to wi.ni Congre?? would do, ami no
on? was disposed t.? make business ventures, !:??
turning ..ft.?! an absence of ihr?.? months, I Hnd s
gr?ai change. Most ol th.? questions aboul which
Investors hestltated have been settled; ronfldenc?
in a stable condition or business I.? test, red; money
Is seeking Investment, with a good prospect of fair
retori:?. Industry Is resuming It? former activity
?ml ..? era of prosperity appears t?> have fairly
?.t m."
M- i timan expressed il??? opinion lhal English
manufacturer? lini readied the limit of n.e|r
greatness, "Whte there ? vUited manufacturers
?ho werv using Iron from th.? Southern Btates."
said h.?. "Iron can be produced cheaper in im?
country, an! when ocean f- t?-'it? ar.? low. bj pa
son of what is called distri ss room, or bit I In el
freight, ii may i?? exporte,) ..?.uh profit."
Mi. inn...? will return t.? New-Tork, where he
expect? t., ?,.? engaged f.r something over two
???ars i;*, winding up his brother's estate.
-o
THK CITY'S HOTELS CROWDED.
"PROSPERITI !?' ROT ....min.;, it is HERE."
A Vlsrrixu BUSINESS MAN SAY?.
This Is Ih? tine? of the year when the hotel? are
well filled with commercial visi:,.)?? as well as
with tourists from ?li.? South .nul West. Tlie
Merchants' Association li is brought throngs of
buyers to New-York an.l they ar?? crowding the
h.ita'ls. but Ih? other visitors, the Southern an.l
Western tourists, .omo h.r.? each summer, In?
creasing th?? thr..tiss in town. Almost every day
se.? tii,? advent of ?.on.? part*; from the South or
West, here for a visit of a we.k or ten days. To
this class of tourist? New-Tork is Just us inter?
esting as is Europe, and ihe trip to Hi.? mein.?...Us
Is planned with pa niu.-h a*are an.l talked about
.is long afterward us .. European tri?. in ui.? case
..f an ordinar}' traveller.
The bis; hotels, SUCh .'is the Wahlorf. the N'eth
erli nd, the Holland and others, are not doing
??. wall lust at present as s.tme of the Other?
because they do not cater largely t?. the rissi of
people who mak?? New-York a summer visiting
place. Hut th.? commercial houses, such as tin*
M irlborough, the Imperial, tlie Bturtevant, the
? Broadway l'entrai and others, are turning away
applicants for apartment? each day. The !.lg
hotels are doing ?'. better business than they usual?
ly do, however, and .very one is smiling and che. r
t ul
A buslnes? man from the West After a pretty
thorough tour of the city Mid to ? group nt the
Marlborough lasl evening: "I t.-ii you prosperity ,
1? not ciamln,*?. it Is here. I have been a vl Itor
to New-York every August for twenty years, but
I never t..-f..r?? saw the town so full In the summer
as it is now. l never saw so many buyers here
or so much mone? spent. Every one is cheerful.
happy and hopeful. It I? wondi rful, l t"il you
things are simply booming, and lhal is tin? only
wcr.l that expresses it."
PROSPERITY IX NKHHASKA
Chicago. Aug. R?Hicn officials of ihe Bnrllncton
road ray that with pn.,,] weather for ten day? the
crn crop of Nebraska would airgrrpatc 230,1*00.000
bushels, and that If go.> ? weather continues until
the middle of the inniini; mouth the yield will be
more nearly 400,000,000 bushel?. Nearly every cri!.
at railroad stations. It is sa, 1, Is filled with last
year's corn. The wheat crop of the ,*?iu*? i? ??';
mated at ?0,000,000 bushels.
PENNSYLVANIA MILLS STARTING CP,
Pott S town, I'? -an.. Auk. IS, Yesterday the cheer?
ing announcement was made lhal the universal end
slxty-flve-lnch milla of th?? Pottstown iron Com?
pany'? plant would be put in operation hy Q? rg<
B. i.essiK, giving employment to three hundred m> n.
Thi? afternoon there was more pom! new?. The
QlasgOW Iron Company has booked a lar?;e or i. r
which will necessitate the running: of the Valley
Mill for at least several months. The mi'.l will be
Started full-handed, day and nljiht. as lOOII SI Ih?
furnaces can be placed in proper shape, which will
!.. In I? ss than a week. Tin* Vallo?,? Mill has b"en
idle for ;i long period, and when Its wheel? will be
set In m.?ilon ?ine hundred men wii; !..? employed.
After the Valley Mill I? starteli th.- entir?? plant "f
the Glasgow Iron Company will he running; in full,
the two mill? at Glasgow having been In operation
for some time.
IIIOHF.it PRICES POR SHINGLES
Taeoma. Wash., Aug. 18.?Representatives of a!".
the larga? shingle mills on Puget Sound met here In
secret session to form a combine for the purpose of
maintaining prices. Perfect unanimity prevailed.
For nearly two years the ?Jiff? rent mills have I.?
??noting prices to ..astern buyers regardless of Ih?
condition of the market or the prices of each other.
The meeting waa f.r tha? inirpa.se of ?cniin?: the??
difficulties and esnblishlng a uniform ?val? nf prices
Star shingles were set at 11 M to }i ?,?, and cirars at
J14> to $14". wrlh tho ususl dlfferenc,? on lower
grades. An advance of .?": a thousand was mad?
on cedar an! spruce siding, and all other grid???
...' rough snd dressed lumber wire held at tin? pre?
vailing scale of Ihe larger mills.
ARRESTED IIY DR. DOTY.
THREE TUGBOAT CAPTAIN? WHO WERE VIOLAT?
ING Tin: QUARANTINE LAWS CAUGHT HY HIM.
l>r. Alvah H Doty, Health Officer of the port.
yesterday mad.? an unexpected raid upon tugboat
sptalni wh > were unlawfully communicating with
an Incoming vessel before she hud been cleared
by the Health Officer. Early yesterday morning
i>r. Doty boarded his private t':?.', the Governor
Flower, and steamed down the Hay, where he
boarded the Nova Scotia ship I.?Hie Robblns, which
WS? Inward bound from China ports. Tin- Flower
steamed away, leaving I>r. Hot.? on board
A? the ship poked !.. r iu.se through the Narrows,
Continuing lier way into port, three tug?, having
on board representatives of rival business houses
in tii? city, were seen approaching under fun
steam. Tiny w.-nt alongside th? Robolns and com?
municated with th.? captain. Th.? ateambosi cap?
tain? were atartled when Dr. Doty, from tue
quarter-deck of tin- square-rigger, told them they
were each under arresi for violating the quarantine
law?, ll.? directed them t.. take rn.'r tug? t.. New
fork, and then return to Quarantine and give
themselves up,
The offenders were Captain David Roach, of the
tug Oovernor, own??.! i.v the Mutual Towing Com?
pany; Captain I.. I- I?? Noyellee, of tb.? tug il H
M...u?.-. ui the Dulsell computi.?., ind Captain Dun?
can M. Cralghton, of the tug Mary ? Lennox,
owned bv George Roden, ot tin- New-Tork Pro
due? Excnsnge Hr. Doty swore oui p warrant be?
fore .Insti-? VV. 11. Ludlow, ..f Clifton, Btaten
Island, for thi nrresl of the thr.'sptalni Cap?
tain 1>.- Nova -lie? und Captain Cralghton surren?
dered themselves in the afternoon, an.: were held
In their own recognisance? for ?? hearing on Mon?
day evening. Captain Roach fail??.? t.i appear, und
a warrant for ids arrest was given to ili.? police.
I!. i- is said to be an old offender.
Dr. Doty sild yesterday thai he would insist that
the case agalnsi Captain Roach be pushed, and
that in? receive the f?;!! ?..unity, which Include? a
s? ? r?? fine and Imprisonment.
_-- a?
? o CLOAKMAKERS' STRIFE YET.
There w .s ? large gathering of lui?; Sid?? el ilt
muk.rs in New Irving Hall, In Broome-st., . al
night, lui? Ine expected order fui a general .-ink.?
wus no? issued. Joseph Barondi - ;? ? lamln
Rosenthnl 4n-i ofhei elled delay. There are
?rtrlk???-? In a few ..f t!.?? shop?, bul ?!..? t..ini mini I? r
r.ow out !s only ..boni ..??? thousand iwo hundred.
? - ?
?? \F.R\L OF J0BN80N If. MUNDT.
Th? fui;, ra! of Johnson Marchent Mundy, the
blind sculptor, who died in Geneva, N. v.. on
Monday, was held sl Ihe horn? of Mr? >,?? rg?
Rockwell, lil? only surviving sister, In? South Wa ? -
lngton-st., Tsrrytown, yesterda* sfternoon at 3
oviook. Th? ?ervl ???? ????p itten.l. ? i?.? min) a.f
Mr. Mundy'? friend? airi .?? the ol Wur.i
M .: im? ll Pot t, No t ?? O, \ I: . ... wl
aya? ; member. ? .? ?er I ea wen
lu ted I?) Ihe It.??. .1 Seiden *?.???? n 'toi ? :
ciirl?! Kplscop.! ' ? ????.?.. isslsti . by ? ?? Iti
Arthur F. Manon, pa?tor ..f the .-' ? ? i Rei rm< !
Church. The pallhearari ?/en ils men
liiiriii?:! Post, Juatlci Charlea M ?*utchen, .'.in?
man.1er Juan 11 Brigg? John ?. ?.im ?. <;?-??. .?.
Cornelius ?. Johnson and Henry li imphrej i .?
burlai tra? In Sleepy il...? m Ccmtery.
? ? -
.1 KEW-TORK .0.1/? \ DIEs l\ ENGLEWOOD.
Chief of l'oli.?.? T.rhnne of Baglewood, N, .! . lele?
gr.ipii.i io tt? indice of this city ????? yesterdsy
afi'inoon inai a woma:., aboul ilxty years old, hai
dropped Bead oa Uh roadwaj there earlier ? ti ?
day. In ber pocket was found .?, ird ?rating :he
n?.m?? and adi. s, "Mr?. Miller, No. :.?i i\--t y <?? .
? hlr . at."
?!..? polli e foun : thai II . roman ?? ? Mr?
Miranda Miller, who lived at the adlrea? givi ? ?vitti
her son and two daughter? *? - - ?. ?. j ? - morning
-? wen! to F.iagl. iio.il lo visit fri? nd? lier chi]
drei, had hear! nothing of her death until th?
police tnessasc arrived, ani ih.? daughter? a? ?? ?
started for New-Jersey. Mr?. Miller ?ra? a s/ldo*
her husband, who had been ronnected with "Tlie
Jiiwl.r's Journal,'' having dKO a yeai c^u.
MR. ECKELS TO THE BANKERS
THK ?CONTROLLER DISCUSSES THK ci'U
I'.KNi'Y PROBLEM.
, SATS THK I.K.i.M. TKNUKIIS l'?'i:M THK ?I.'UH ON
THK HORtaON RBPOItTS ?>K i:r.Ti'liNiN?i
I'ttOaPBRITT ON KVKKV HAND.
Detroit, Auii. is Th?? announcement thai the
I Controller of the Currency, Mr. Bckela, would make
? an aiMr.??? .irew to this morning's it sai on of the
j Senkers' Convention an andiene? inusuali) large.
A large number of women wer?? present Th?? Rev.
Dr. DavM If. Cooper, of this city, delivered the In
vocation.
The roll of ? tale? waa called and from each
fiate a m? mhcr of the Nominating Committee ?raa
? amed, Thi? committee will me.?! to-morrow m ?rn
Ing In Hi?? Russell House to select if??? m w oOleera
? of the association
a representative Prom each State was then called
i upon to give a brief ?tatemen! as to the general
rendition of bnslnes? In his locality. Thla ?ir.w
forth in ever) Inetance report? .>f good crops, re
vlvlng bualneM and encouraging prospecta for
banker?. Marked Improvement In business condi?
tion? snd Indication? for better things In the future
wert :h?? characteristic featurea of all the fltate
reporta, aa detailed by He* delegates. Henry w.
Vai????, of Nebraska, said the golden ?rain of ihe
rli."i.e.l .nul rip? nlng hsrvesta In his i'.inte ?1I?I not
reflect the calami!) Uni lo which th?? utterance? of
so man) of it? public men and the vote of tbe
?State ii-t fall had seemed lo contient.
John W. Psion, of Chattanooga, Tenn., deridi-l
.Mr. Bryan'? claim lhal the pn?*e of silver contro!?
the pri?.f ?rhe?l, and ?aid th?? recenl fall of the
one and Ihe rise of the other offered conclusiva
proof of the faulty of thai claim.
CONTROLLER BCKKIAYS SPEECH.
Win n Mr. Bckela came forward be waa greeted
with agplauae, Mr. Eckel? ?aid In part;
The country ?tanda ri?i for some years, al !? ia!, . f
tarier agitation, and, Irrespective ?>f the merita or
demerita of ine new act, every business man
knows, in so far aa it is concerned, upon what
basis t.i engage in manufacturing, trade end corn?
ili? Tee. The evidence aecumulatea with each day'a
advice? lhal the long-continued d? presalon in
?inanelli circles hi- passed, ?nd, thank? t.i live
j years of forced economy and cerea tlon of sipeeu
latlon, coupled with to-day's abundant harveata
at remunerative pri?e? to the agriculturist, a new
proapeiit) la coming to the peopl??. This prosper
Ity, if it is to ???* of real worth, otsghl to be per?
manent In character and reach to all classes and
Interesta
It demands to this ? ini .?..-operation on the pari
of every cttlsen of the Republic, whether he nils
a public or a primi.? station. Otherwise it will
be, as in the pa?t, law-made in every feature of
It, nn.liiiii fruition in Immeasurably worse ron?
dinone lhan have been upon un No thoughtful
?tudenl of .?iTairs "an fall to know now largely .?s
u contributing element to all ihe past Idlene??,
agitation, dlatrea? <in?l poverty ha.-? been Ihe ex
iravagance which has entered Into the Amerlcan'a
everyday life. It bus reached to both his pub
II.' and ids private affairs and in Its full eff.-.-ts has
be. ? a menace to tl.e country's welf.ir??. I ?lo not
Indulge in an unwarranted assertion when 1 say
that nini-li of '.bis must be chargeable to the over
spi???ulatlon Which in the years prior to 1KM flowed
from 'be unwholesome cheapening of ?Tedi? on the
the part of those Wh?) have had to do. In a con?
trolling capacity, with the moneyed Institution? oi
the country. There is a p<>mt In competition be?
tween banking Institutions which ll-s beyond the
aJanger-llne, an.l when touched Invariably result
in eomp.?te collapse. The feel cannot be too
Strongly stat???! or th? truth mini?? too pronounced
ol ihe responsibility testing ui??n th?? banker of
keeping within legitimate bound? the activities of
ti .i.i?*. the operations of the speculator snd lh?
standard <>f public and priv.it.? expenditure. It is
hv !iis aid that enterprise la foster???! and through
the lending of funds Intrusted to bts keeping tii.it
Industry ?become? profitable and labor finds em?
ployment.
The critlciem Which may Justly he pan- ?l upon
commercial banker? In this country is, not that
Ihey hav.? observed the fiduciary relation in ihe
great majority <>f Instancea, bui because. In the
anxiety t?> declare dividend? upon capital in?? s..?l.
there haa ?.? a wide departure from doing .i com?
mercial business. The Un?? lo ?.?? drawn in the ex?
tension of credit is n??t h.ir?l of ascertainment
A bank dealing with commercial deposits should
confine its granting of credits to strictly com?
mercial undertakings, it has no right to take com
metclal deposit? payable upon demand if ? p .r
su,? a different policy. Fixed loans end fixed m
veatmenia .ire the province <>f trust companies ani
savings Institutions, and not the Held to be en?
tered upon by ?? commercial bunk, handling <?>m
merclal deposits, essential to the proper conduct
ol dally commercial bualnea?. I am confident thai
If this line of demarkatlon was drawn, lust, id of
there being many b.mk fatlurea becauM of an ac?
cumulation ??f un?*onv? rtible asseta, there would he
few, an.l then largely through criminal dishon?
esties.
Hut outside "f these nets of a buBlness chsrscter
to be ?performed largely by the banker in better?
ing conditions, there are weaknesses in th.
nesa world beyond the corrective power of any
privai? cttlsen which mist h<? eradica Nd If the
hope o? better thing? is fully Ju-?tlfle?i. These found
th? lr rlcin in statutory enactment ani their in
doing li?* hoi.iv wiih the Nation'? legislative body.
Th.? currency problem is, taking it i?y and ??rar??.
the most momentoua with which the American
statesman h;is to do. It la on?? neither of politic?
nor political preferment. It I*, as banker? more
than all others ought t.. realize, one <>i buslnesa
self-preservation, .mj ?.s auch should conni in I
ut th?? hand? ??f Ihoae who are sworn t.? guard snd
preserve the people'? rights a statesmanship and
patriotism commensurate wit a the magniti) ? ol
the Interests Involved. li ought, sa well, to enlist
a ? p.il?? sentiment that would bring a swift pun?
ishment upon those who attempi t.? mak?? it the
plaything of party desires nnd the subject of m?-re
political oratory. There is no political legerde?
main by which politi'.il preatldlgltatora ran de
celve ine publie and substitut?? without lh? . *
being Inquired Into other Issues for that oi Bound
currency. Neither one nor all uf them Is of auch
vii il Importen?*? as tais, which reaches t.> the Na?
tion's and the Indivi dial's ? redit. AI th.? ?.ottoni of
the currency question In its las: analysts ii?s thai
..;' credit and the esteem in whl.h the Nation Is
held both al home and abroad "Hlatory," it t?
said, "bears evidence that the power of credit will
hen.vfnrth decide finally the great conteata of the
world." G?.1er s'i'Vi a truth It is "a blunder worse
than a >t?p?<" of political strategy, Indifference or
timi ?t?. taking stadi Btepa as will give to the
trv monetar] law? that will strengthen snd noi
weaken Hi financial standing and comport with its
?,? .. power and dignity.
That which we term our currency system la one
in n une only, ll lacks every element of what right?
fully can be called ? aystem. It violates In every
essential featur?? what In all other departments
of governmental affairs we denominate a aystem. It
Is not an orderly c??nit?lnation of parts into a whole.
according t. -.?m?? rational principie or organic
Idea. Everywhere there is warn of unity, and In?
stead of presenting to the world financial com
I I? ? ?.< as It exhibit? Uself as a work of "shreds anJ
patches."
? ?where In any na'ion of equal Importance are
then to be found a currency and financial system
so ina.??.piate f..r the purposes to be accomplished
aa h??!??. It presents in its circulation feature Ihe
singular spectacle of nine different kinds ..f cur?
rency, all except two of which ere directly or In?
dir.ly <!??|?? mi. m upon the credit of the l'iiii.-il
Btatea. The Treasury Department, established by
li, is the greatest banking Institution in the land,
clothed with Ih? basi powers f.?r self-preservation
and beneficial action. One staun.? requires the
?Secretar) ?.f the Treasury to redeem the legal
tender notes In (*oln <>n presentation, and another
compel* him to pay them out, that they may re?
turn again end again f?.r redemption. Lpon every
hand, th? laws of the land mak?? n un embarras??
meni to the profilatile conduct of the business af?
fairs of the country. It ????Is t?? the embarras?
meni by the forced Inflation of the volume of the
circulating medium ai one time and the t ?reed con?
traction through th?? operation >?f the Bub-Treasury
system al another. Ii> onl) source of strength ?lea
In ih?? believed forbearance of attack upon it* sol?
vency by tbos?? who hold lis obligations. Design?
ing !?> have banks, rreated und? r it and aubjeci lo
governmental supervision, supply the currency
needs of the country. It still n.-ists <?n competing
with them In iheir note-Issuing function and pre?
vents, through !?.??: .?ml otiier barriers whl.li th?
laa erects, accomplishing th?. very purpose f???
which Ihey wr?? brought In"? being.
By the operation ol the Bland-A'.llson act waa
cuise?! Ihe ? ..ming ?..' many millions ?>r silver dol?
lars Bl ? ? lu.? far mi?r?? than the commercial val .??
of the ?liver metal In them, and of far leas value
than the metal In the gold dollar, with which II Is
provided Hoy ?.had be of equal legal-tender value
and ?I? ngslde of which Ihey ar?? expect?^) t?, clr? ? -
late. And us u to old the crowning act loa serles
ol complica ? lona airead) perplexing lo an unheard
?? degree, the Sherman laa has given u* siili othei
atlvei dollars nni Treaaury notes to burden an .??
read) overburdened gold reaerve, Without in the
smallest measure adding ?.? It- safeguards W?
search In vain to find *<.m.? solid foundation unon
which all thi* . trv lure rests, but Ihe statute books
reveal nothing, save thai there ?., ?Irawn al?.nit it
?rbai Is deemed "the sacred circle" of ? ivernment >i
protection. In thi ?!? la rat Ion, ostentstlouslv mad?
that n Is "the .-; ibllshed policy oi the ? ??..,
? maint iln thi two metals si a pariti will
each other upon Ihe present legal ratio ?.f such
ratio a? ma? lie provided by law. The d?**clai 11 lor
'?* made .?nd then t?. preclalm th* sham ind or?
tene* of It, the Secretary of the Treaauri Is de?
nied ih? lui! and adequate powera necessari ?
1 '?? und? ? an? ai l .?*? ? Ircumstanees io ? ?
linai !" I? ? IO the ???.?.IH ?f , ??. >.?.,., ,, ',,
With the least esnense lo the cltleen
!.. the ?? ?ntemnfsilon ol h -. ries ..'. ?? ?tradlcl tne
. ;? ? ' ? thi business men
o: Mi? Natloi ma) ?, II ?. rv .? irrenc ? ? ?a - ,,
? -''- ': ??? ne lying ol them
; ih? ? nnctlng powei \',, $t, Uii..,
had that the arholi aystem Is
? ur rinati, la
Idence a ? Id
illy wrong and weakenlna
world then th? ruei thai hen nd everywhere as it
"..',.." " ' '??-????'?? .: He*, ?.?Ion
>N THK IIORIXOK.
the trend ol ? ?renta m ??
?fr'.l?: ?.? ?' ??
? . . '.t 7.?-r? * hu ? OU
thol i'a.id upon the beautiful borison which
M. oun: ss al.??. ? .r ambiguity In gov
eatal ontracta ntroduced by th?* legal-lender
Issue?. Th?-? ? , ?? ??? ondemn*d by ? he aluden I
ol finance familial with the world'? monetari hla?
tory, and al h equal emphasis l>) lb? man , .? ,,?*.',. ,
trained In thi * h. ot buaine?? in thei ? opera
n m the) ? ?natltuie th? at ronges ? ho?,.t ??,, ',,|.',,
am ?..' the free coinage ul allver. thus aorklne ?
double hindrance ;.. the rrturn ?.( complete .i.|
I ulna prosperity. Thi ai\....t:,? of Ihe free ?..in
?'???? ",- ?Uvei believes thai through Ihem .? slh.-r
ha.-ls must ultimately be reached, and because ,,f
un* t? si-us their payment ?nd cancellation unless
sliver acii.lir at a ratio uf ststeea to ??.? ?... ?ubsii
DIRT IN THE KITCHEN.
There are coal range? and coal range,*, an<l
some r.re cleaner than other.?, hut nil are dirty.
In fact, dirt In the kitchen, that bam- <>f house?
keepers. Ih Inevitable If coal Is iis.-d, and Ihe
worst and largest part of the dirt is due to the
????al rang??. From rosi Strutti? to nshpnn lh?*
whob? affair la OBS conspiracy against orasi and
neatness. From mousy, grimy kindling to ?ly?
ing, choking ashes, Ihs SOtlra process of coal
burning is ?in Ingenious arrangement t.. befoul
floor, Walll and shelves, vitiate the air, and
?irive mistress, cook, and ih?? wbots household
franile The only really cl?an stove Is the gas
rang.? It absolut.dy banishes soot, grim??,
ashes, an.l all kinds of dirt connected with thi
...al mug??; It banishes also vll? sin?dls and
rhoklng atmosphere ami superili!..us heat. An?
other thing It banishes is one-half the cost of
fuel. Cleanness, convenience, ? omfort, coolness,
cheapness th?.H- are th?? . stiiblished qualities of
the ?aa r.ini:??. V?-t som?? people wonder at Iti
rapid coming Into ass!
luted In their Stead. II.? protests with equsl
vehemencs again?! their conversion Into absolute
gold certificate? in explldi ? er ma In their pr? sen;
position and treatment the?? compel the Interests of
tr.id?? and ih.? csuse of labor, tne undertakings of
?he manufacturer, all ?? give "hostage? to fori ine "
Those who bos asser? thai they ara ?. patriotic
emblem <>f the war and unchanged must remsln
"th?? people'? money" should ituilj the history of
tiltil creation und their effeei upon the eounrff/ri
welfare They ar.? demand obligation? never re?
tired, yielding to no ordinary rul?s of trade ne?*essl
tlM in expansion or .itmctlon In volume, In the
very terms of ine contrae) whl h is horn.? upon their
fu.?.? an? uncertainty and doubt, earning from their
Inception los? and expense to the people. Tii?y st
one.? enhanced th? coal of the Civil War and pr??
maturely drove the country from a specie basis ? ?
oi'.p. for many years, of Irredeemable pspei At the
Hum Ihey wer.? Mist aeni forth Iheii most ardent
advocate apologised for their Issue mid promised a
quick paymeni and cancellation. As an esrneil of
tne then f rni'.i and announced Intention they wer?
for a time mad.? convertible into an Interest-besting
bond. Had it n..? been ?..r ihe untoward .'ir mm?
stsnees surrounding the Qovernmenl noi s dosen
votes could hav.? been obtained In either tl??? Benate
or the iiou?r for ? he legal-tender principle which
they embodied. Secretary Chase arsa dr.igooned
through what he mlstakabi) believed to be dire
?.?ally in;., giving official sanction to them. He
ti.'ttiv declined to advocate th?-lr Issue In hi? report
1.? Congress, and In his cup.tut? of Chief Justice of
th?? Suprema Court of the I'uit?.! State? repudiated
.is unconstitutional ihe legal-tender quality attach?
ing t<> them, it ?ras stated end uncontradlcted al
the time lhal prior to tl??? ocl of ISS2 noi onl) ?ra?
?uch a law never passed, but auch a law ?ras never
voted upon. ?>?\< r proposed, never Introduced, never
recommended by any department of the Govern?
ment, und that such a measure wn? nevei seriously
entertained In debate ?n either bran? h of Cenerosa,
The present penlor Senator from Vermont, Justin
s Mortili, then a main!.er of the Committee on
Ways and Means o( the House, in sn extreme!) ? ble
speech denounced them us "the precursor >>:' a ; :?.
liti.* brood of promises.'' uni Ih? bill as "a me ? -
not blessed by one ?..and prece leni and limned by
?ill " His prediction of thirty-five year? ai,-,, und
hi? characterisation >>f them lia'" ?.? fully lustl?
Bed by th?? >erles ?>?" events which have marked our
history since that time, and to-day, as i ? ?- recura to
ih.? words then spoken, he mus: luk.? melancholy
satisfaction In the knowledge thai his statesman?
ship, unlik.? that of som.? other? of that era. waa
?ufli.lent io se,? beyond th?? pressing demands of a
?ingle hour of the Nation's life.
The temporary Issues >>f tiiat day. despite the
appeals of the Chief Executives mu! Secretarte?
of the Treasury, ar?? ?.?it a part of the fixed volume
of our currency. Prom tlrst io last they have been
the greatest burden and most expenslvi debt ever
placed upon the Qovernment. The loss to the peo?
ple through speculation engendered by them, th??
financial heresies to which Ihey hav.? given birth,
th?? damage to Individual business enterprise and
er.'dit througri the recurring doubt as ta, the abilit)
..r willingness of the Government t?. mnlntaln th>-ir
payment In gold cannot be reckoned in figures
Mut every panic we have had und every stagnation
In business whi.h has com.? unon us ??? re rent
years mark their distinctive Influence.
CONDITIONS NoT LASTING.
It Is asserted that when th?? revenues of the Qov
ernmeal exceed Its necessary expenditures no fur?
ther trouble will follow, and the srgumenl based
upon former conditions under a plethora of money
in the Treasury Is advanced In support of the con?
tention. It I?? forgotten, however, how greatly the
burden placed upon the Treasury bus been In?
er? ' ? through silver purchases and Issues, and
how, under existing ? indltlona of to-day, the Treas?
ury lias no gold Income from the ordinary channels
..f receipts The difficulty Is a mor.? far-reaching
than mere laclt of revenue, it touche? the
vital point in trenching upon the confidence o(
those (baling with u? In our ability and continuing
determination to maintain ?old payments. Com?
plete confidence cannot be restored by Increasing
?.'.?? governmental Income, but even if It could there
would ba? no guarantee against future Impairment
of it through the sum?? cause. Thnt danger can
only be eliminated by rendering it Impossible to
have the Tr?-usury the on? source of gold supply
f..r th?? people of ..very nation, it is noi sutil??:? nt
lo have our currency goo.i to-.lay, but an carnea!
must I..? given that It will be good tO-RtOITOW und
throughout tlie future. That promise cannot he
accepted unies? legislative action once f.r all es?
tablish beyond the peradventure of a doubt that
..ur? i? a gold standard country with laws eatab
ng the fact so plain "that he who run? may
r. id, ' und with :i Treasury so equipped .???| re?
sourceful ..s t.. be unmoved, no matter how
atrongly assaulted. It will noi be fully credited
as long as It is but the policy of sn executive of?
ficer, and not ih.? uncontradlcted expression of
statutory law.
I am aware that all this cannot be brought about
without a struggle it rest? with tb?? Nation's law
making powers to say whether the people shall be
fr."d from this "body of death" or whether they
shall still continu.? to carry it. The people at the
poll? declared, after ? campaign which knew no
other Issue, for complete emancipation Hut from
filose who stuml within the Inner circle of legis?
lative action the announcement come? that nothing
can b?? done unless com a?,ions ar? mud?? to Int.r
. ru ihe hsrmful result? of whi.h no man can fore?
tell. If such be th?? truth, the duty Is placed upon
every cltlxen who bus his country's good at hearl
.md would put an end to the losses so long entailed
upon Ms fellow? to rais.? his vole.? in pro teat
against either Inaction or .'.incessi.m and thui
make the country's declaration al the polls more
lu?n a barren victory. With the American people
Ihe most potent force for good is the might of
public opinion. Against tho power of It wh.-n once
aroused no legislator has . v. r yel been able to
?Irin.l no matter how loud hi.? boastful thr?.it? or
arrogant bis demeanor. Enforced by It the repeal
of u statute thnt wa? defended for week? !??? those
?rho proclaimed that ther.? never could be with
ihem either compromise or surrender waa Wrung
from unwilling and hostile legislator?. It did erase
the Sherman ?liver purchasing ?ct, it sill accom?
plish no le?s t..-.luv for the welfnre of the citizen
If ? ?? sgaln as earnestly appealed t.,
John ll Lathers, of Louisville, K'v , read ?
paper before the association entitled: "is a credit
Bureau, or Bureau of Information to Prevent
I,0?s.s Prom Bad Debt?, Feasible Among it,ink?
ers?" The speaker .submitted a plan for such a
bureau.
John P. Branch, president of the Merchants' Na?
tional Bank of Richmond, Va., discussed the ques
lion "What legislation is Needed In Resp ? : .
the Currency0"
Till?'. TRUBT COMPANIES' SECTION,
The Brat annual meeting of the trusl company
section of the aesoclatlon wa? held at the Hotel
? ?, i:U.i.? this morning. Henry M. Dechert, of Phila?
delphia, chairman of the section, spoke of Ihe im?
portun.?.? of trusl companies and the diversified
interests they represent. Incomplete return? ?how
that the capital stock of the trust companies In
the L'nlted Btate? is ?.'?.'I.'.??'...??>. Mr. Dachen al
lualeal la, Hi.? so-.all?.! trust companies that had
been organised '?-. ? hemlng men for the purpose
..f Helling Inflated debenture bonds and mort gag.
and h? was glad to ?riv that most of tl..nil?
jinnies Im.I been rooted oui and their organisers
bud fled or I..?, n punish.?.?. ? Ine of the mutter? that
win be taken up by the trust section will be the
enactmetil of lawa to prevent the operation ut
such fra id?.
ltreck. nridge jun?*s delivered the report of (he
Executive Committee, He outlined the Work lhal
i? before the section, and the hope? of Ihe com?
mittee ur.? lhal uniformity In ???.?? of the Noverai
Htate? In regard to trust r?mpanle? will be pro?
moted and greater similari!.? .? .1
It.ilph fifone, of (trend Rapids, read a paper on
Ria tute? -?f the S- ?.?:..! H tute? Relating io Trusl
.?.impalile?." Prandi s Bangs, presiden) ol the
Stai.? 'l'riisi Company of New-York, read ?? paper
..? the power? and dutlea if irusi companies when
acting ?- trustees under corporation mortgage?,
and Henry M. De her? ontrlbiit? 1 one on the
"Relations of Trusl Companies to Truit Bai
The papers were generali) llscuss? I by the dele?
gates in spc'.'h? ? llmlteil ?.. five minute? each
Francia 8 Bangi ol N"? w York; llenrj M Dech?
ert, of Philadelphia an ? H rdon tbli ?:: ?.; ll >??
?!?? -t??.? member? ?if Ihe Kxerutive fom
mlttee, lo -? rve thr? .? ?.-ear?
mlttee held ? ?bori ?eealon
adjourn? 1 und ?? le, led Mr
.m.I tleorg? ? Bo Uh ird, ol
in .?.
Th? Use 'titlve . Om?
it?? ? the section had
Hi ?.?-:- ? ? uulriii ? ?
l?ru k!? ??, vi. .-.li tlr
FETITION To WIDEN RRCTOR'-ST.
About thirty prominent men of the city hav?. algned ;
letter to Controller Pitch, asking him to cell Ihe ?
??. ? n..n .>r the city authorities ? o th ? ? rowdeil ? on? !
dltlon of It? -toi .?r. ..ird recommending action to
leu 111.? sire. . AlleUl? 111. -i?
M. feti, .lohn l Mffook \\ ?
Pltsaerald, ? Mear R giran ?, .lohn
.?. Edward Blmmons, Jeme? VV.
? llrsnt, William I. Barboui
e ?; A. I>uir
lohn
. a.r. . (enei al
il ,- ?en It:.??...I??-.
?,;? ?.ander. Hugh
?ri.!... Str..? ? . nd
THE TEI TONIC SINKS A E? IRGE.
Th.? stesmebtp Teutonic, of the White fltsr Line,
whllj backing oui from her pier at noon yesterdsy,
struck th? turn. M \\ Boa IBS n, and lh? barge
found ? reslltig-place .it tl..- bottom ,.f the rryer
about Bvc minute? afterward The barge n.i? load
t?ai with ses ?nd wh? being towed by the tugs P. it
H..nun nini Petei Nevlna Th? loss on the k*e au?
t:'..V" 'lh.? accident wa? witnessed by many .-f Ihe
passengers on the Teutoni.? The i.ig steamship
Injured, and pre
de I on hei way out to
????
FINED FOR USING HER MAIDES \\ME.
Th.? Board of Spa lai Inquiry yesterdsy lined Mrs
Mux Burmen *_??? f..r taking passage on th? it? im
ship Bouthwarh under her maiden name, Rachuel
r.ri hier Her husband ?? a tailor at N>> 17:: l.u.l
ii.w-st . ?in.? th.- Board told her thai ?.ht.? mu.-t hers?
ait?! u-.? ni? urtili.? when travelling.
IVANAMAKERS
WANAMAKERS
OFFICE FURNITURE.
ANTIQUE OAK OFFICE DESKS, $12.50
I ow ioli, 4'2 in. long, 44 si. high, ?'?<) in. ?Jeep; 3
liraweis in bas-; likely fiatOie?.
ANTIQUE OAK OFFICE DESKS, $15
High ioli, BO in. long, 48 in high, ?10 in. Jeep; 7
draweri m b..*e; highly polished.
ANTIQUE OAK OFFICE DESKS, $16
Mat top, M fi Ione, ;id in, ifcap, :il in. high; 8
drawer?, lit? li \ polished
ANTIQUE OAK OFFICE DESKS, $18
High roll, 41 in. long, M m. high, ai in. Jeep; 4
drawers, highly polished
ANTIQUE OAK OFFICE DESKS, $22
High roll. 01 in. Ion?. 62 p. high, ?"'1 in. Jeep, 7
Urawers, highly polished
ANTIQUE OAK OFFICE DESKS, $24
High r.!', M in, long, 62 in. high, .11 in. Jeep; 8
Juwer?. it? base, highly polished
ANTIQUE OAK OFFICE DESKS. $27
High roil, 00 in. long, Si in. high, ?'il in? Je??;.?; H
Jrawers m base, highly polished
QUARTERED OAK OFFICE DESKS, $39
High roll, HO in. long, 52 in. high, ?il in. ?leep;
H ??:?.?. p m base, highly polished.
The business community quickly dis?
covered tlie excellence of our regular
stock of ?Office Furniture. The August
Trade Sale covers Office Desks and
Chairs. The cheapness appears in to?
day's offerings and the same pieces
will cost one-half more this Autumn.
Fifty Styles of Office Desks
PRICbS $12..? TO $100
Seventy-five Styles Office Chairs
PRICKS $8.76 TO $:*1.G)0
SOLID MAHOGANY OFFICE DESKS, $37.50
High roll, 1% in. long. M in. Mgtl, 31 m Jeep; I
Jriwm, highly polishe.V
SOLID MAHOGANY OFFICE DESKS, $50
High roll, ?>:, in. Iona;, ~>l in high, M in. Jeep; I
Jrawers, highly po'imed
ANTIQUE OAK OFFICE CHAIRS, $3.75
Revolving wooJ seat, -.'at back, lull aro*
ANTIQUE OAK OFFICE CHAIRS. $4.50
Revolving woo.! *e.it, ?-pinJlei ba. k and I: gii armi.
ANTIQUE OAK OFFICE CHAIRS. $5.25
Revolving wood *eat. slat b.uk. high arms.
ANTIQUE OAK OFFICE CHAIRS, $7
Revolving CUM seat, slat baik, high arirs
QUARTERED OAK OFFICE CH.'.iRS. $S.25
Revolving wood s?*jt, ?jncy s: I-uile i back, high
arms.
ANTIQUE OAK OFFICE CHAIRS, $0.50
Perforated leath??; seal, *pinJ>,i bach Mid Itigli arms.
ANTIQUE OAK OFFICE CHAIRS, $10.25
Revolving dot? woven cans seat and back, high
arms.
QUARTERED OAK OFFICE CHAIRS, $11.50
Revolving wool leaf, taphohtercJ ?rather ba^k and
high arms
JOHN WANAMAKER
Formerly A. T. Stewart ?S?? Co., Broadway, Ith ave., 9th and 10th sts.
WHEAT A DOLLAR HEBE
THK HIGHEST PRICE YET FOB Till.*
YEAR'S CROP.
eiLVBR, ON '."HI?: ?OTHER MAXI) BEACHE? THK
!,??WK.*T LEVEL.OS RECORD ?,????? DEAL
1X08 OS THK BTOCK BXCHAKOB.
New ?record price? for wheat end ?liver wer?
made yeeterday. In wheat ? w.is th? high price
for this ?/ear'? crop and In ?liver ll wa? the loweai
pri? ever reached. The advance In whesl and the
?iron In ?liver were both sensational In character.
In wheel the chief speculation w.is in wheat for
Beptember delivery. <?p the New-Yort Produco
Exchange Beptember wheat touched MH, which
whs 4\ cent? above the desina; prie*? on Tuesday,
The closing pri? we? M*?? eente, which made the
nel gain for the day 4', cent?. The provlou? high
price was ''-'? cents on Monday. Teaterday*? quo?
tation for "cash wheat," No. 1 Northern, whs
si .?.,?.. or IH cent? above Tuesday. TIiIm nude
"dollar wheat" In New-York.
There Is ? question ?a to the r??;?l meaning of th??
terra "dollar wheat," bui most operator? ?ay then
is "dollar wheat" when t!..? most active future is
selling In Chicago .-it <>r above 11. Accordingly, to
have dollar wheat September wheat ?rould hav? to
?jell In ?'hi??.??-;, ut ll. Test? rd ? J '? hik'ti pri???? in
Chicago w.is ?84 cents, which we? also th? closing
pri????. Cash whes: In New-York ?old al il and a
fraction In ?October, 1806. < We month .?ir? it -?old at
M?4 cents, and on?? year ago it ?old al ?v> cents.
RECEIPT! PALLINO < ?PP.
Wheat In Liverpool was up only fractionally, t??11
Paris reported an sdvan.>f .*> to '"> ?rent? s bushel.
Crop lows from the Noethwe?! wa? tho nw.<! bull?
ish >???!. Elevator people telegraphed that they
could not see where, with so much rain, they w-r,?
!.. gel any centraci wheat, It w ia asserted thai
the Manitoba prospective crop had dropped from
10,000,000 bushels to 14,000,000 bushel?. Receipt?
everywhere showed .?. failing off. Be?board clear?
ance? were 660,000 bushels, making ?,??.000 bushel?
of wheat and Hour cleared in ihres ?lays.
Yesterday'? ?ale? of wheat to go from New-York
and the outport? were 4'? 1?.?.?, or SM.OQO bushel?,
M.ist of thi* whrat was said lo 1.?? for Fran.??.
Export sal? * ?a ? .?ru were nine loads, or TaVaai
bushels, and of oat? 135,000 bushi -
There i.- a ???>?? deal of discussion as to the ?Is?
of tii?? spring wheat crop, which Is now maturiti?.'.
Mr. Brown, the statistician of th? New York ?Prod?
uce Exchange, say? thai the outlook for the wheat
.m?i rorn crops i* extremely promising so fir as
the ligure? ???.?.?1\.?.? nr to date Indicate. In regard
to the disparii) between ihe llovernmenl ??stimai.?
of a crop of 150.000,000 bushels of wheal and the
commercial ??stun.?!.? of jM, 000,000 bushel? Mr.
Brown say? that the Oovernment est Invites during
a ~?p?* ..t years have uniformly fallen below the
actual crop :.s harvested !?. an extenl thai war?
rant? .? considerable increase in the figure? which
It furnishes. It is Impossible, he says, i.? teli how
much larger than ??,????.000 bushels the wheal crop
win I.??, it is i,,.t unreasonable to suppose ti...? n?,?
crop vili ??? upward of t;..?.??....??', bushels more than
ih?? Government estimate, if climatic conditions ar?
favorabli from p ?a on.
BIO STORES ON HAND,
.1. C. aifford, of Chicago, wh?. ?;, Interested In
ih.? largissi elevator system un ili?? Burlington .?n.l
Quincy road In Nebraska, ?ay? that with
w. ither for Lu day? more the .??t? ?t.?;? of Ne?
braska will probably aggregate two hundred and
ti??. million bushel?, ,.?..? ??' good w ather prevail?
unti! September 1?'. the > :??:?? may reach tour hun?
dred mini .? bushels. Notwithstanding that then
??.?- b?'?'ii so much corn ?hipped ..ut of Nebraska
tin? year, almost ever) crib at ta- railroad ?ta?
lion - Is ?till lai, ??? : ? ro ?(' The ? heal crop ?>?'
i!i.? State ?rill be found t.. have ?"?<?? about forty
million !???>????:.*. '???? quality ?>f I.oth winter and
spiiiiir ?heat Is except fonali j tin?*.
.lohn ????. the crop expert, ?ay? of sprint*
wheat that the thrashing r. suits ;,r? decidedly dis?
appointing. Hs adds, however, ihat there has been
a wonderful Increase m ili?? area, such an Increase
that if tt.rop had not me( ?,?' id accident it
would hav? taken t:.-? Northw ?tern people two
? .\ r? t.. haul it ?.'it.
INSPECTION CHARGES LOWERED.
Th?? Qraln Committee of ths Produce Exchange,
a- a result "f th?? great Increase In the movemenl
of wheat, ha? reduced tin* charge f?>r Inapectlng
grain from SO to :'??' cent? a thousand hush.'is.
There wa? a bad turni?.? In ?liver Commercial
bars fell to il*? rents an ounce from .".r, cent? on
Tuesday. T.i<? fill ?>?' f?e cents ?.?s exceptional!)
heavy and accompanied .. decline of IS-1M to
'?.'.\? i'i Lo nlon. The previous low price was
&4S-16 ??nts ..? Monday, yesterday's quotation for
Oovernment assay Lois made tue valu? ..f ths
silier in .? l'nited Stutes standard ?liver iiollar
in ?:; rents. Th,? bullion dealer? were reluctant t?.
buy ?liver at any price. Th?? price ?.f Mexican ?lo.?
?,? ? s w.n i<? cents,
Th?? r? a.ai.?u in s?.? ?u-' came ?.? an end Pi?al
prices -how??.I ;i general Improvement over thus.?
of Tuesday, Som?? of tho more ii.n-.iniu? gain*
\?..i?. American Bugnr, t; Ann Arbor |.r.-r??: r.-i i?..
1 ?. :r ? ??a*. P,. Metropolitan Traction. I; Missouri
I'l.'tl?? i1.? N?? '-? Central, IV und VVesuern
Ous, ?'? The in.rk.t r?!.? utrong The transac
? Ioni ?? ? ??? on ? large - ul<
llenr) ?'lews sul?l : ' Dollar wh? il means Mr\ in'a
fun??ral and burial in a silver caskel AU?? poor
Bryan Is ?\ ? now no more nnd we shall never
Is like ?w.?:;: Ko angel will dare t.i tread
u here he ?<>? th
The steamship Filrst Bismarck, ?ailing for Eu
rop? t.. .lai. will tage oui ?;."..??? ounces ?>f silver
.,??,I ??O.Omi Mexl? .?? ?lolla!*
A seal ??n the Consolidated Sto.>k nn?l Petroleum
K\ h??.? sold lesterdai for f ::.".??. ?? Increase of
limo?! IW lier cent over lh? last purehnae prie*
WHEAT t.iTIN'?'.:* Jl IN PENNSYLVANIA.
East ??, Ivni . Aug i* (Speciali Carmen ara
?...:.?. >..riio. fi a ushei r,,i wheat ?i.-iiv.red al
ihe imo* ?? Ma:'iii's Craek end stona th?? Bush?
kiH. Man} are ???>?<???? back f??r higher prl ? *
The crop In 'hi* section wa? a nm one.
FOR IH S DIR il. OK S ERSI! IR.
? meeting ? ?* held last awening In Majestic Hall,
One-hundred-and-twent) -flfth-st., hoar Madison?
ave., un?!? r tii.? inispi.es of th? Knights of Labor to
advocate the municipal ownerahlp ot publie fran?
chise? Th?? hall was ?well rill.si and ths riewa ..f
the ?peaksrs ?rsr? enthusiastically rneslved Th??
speaker? ?rere Michael PltsgsrnM, ea auister work?
man ..l Districi Ass. nil.1> No. l?, Knight? of Labor,
who presided; William Hepburn t?as?li .m,? Thad?
dens It \\.?ki man All :??1\ Mated municipal own?
ership and urged ib ?? it would i>?? an ??????? In tha
coming im ? impalgn n?????lutlona In favor of it
and denouncing the citi official? tor noi reacqulr
Ina to?? Sixth and Eighth Avenu? Railroad fran?
chis. ? w? re adopted.
letters of regret wer? received from in,? lti-v. Dr.
McOlynn, jmige Clay nor ?and Mirabeau L. Towns.
Flint's Fine Furniture.
Great clearance sale of Summer
Novelties.
A R. CALLAWAY XOW PRE81DENT.
UK SUCCEEDS ORNERAI, D. UT. CALDWELL
AS THE HEAD OF THK LAKE
BHORE RAILROAD.
The director? of the !.?%? ihon u"l Mlchigaa
, Southern Railroad m> : at the Grand ? entra ?:??
! tlon yeaterday and elect? ? Samuel i: Ca raf
j president of lite company, to succeed 'he late ?????
i ?rail D. ?V. Caldarei:. .\s General Call? : . ?
! for?? him, Mr. Callaway - epa from tlM ????? ?f
presiden ? of the New-York, Chicago ind St ;.??.'.?
j Halli Lui into ti*, u of preaidei t of thi Lak? Jriore.
I He ?rill, until a aucceasor la el? ? , - ?I
! Ii : \ ? ' the ?-'?-York. Chi Bg . - had
j road.
Mr. Callaway is a Canadian by bin ?, u i r*e?lvei
I bis early training In ral roadli < ;.-. the ? ir.am? da.
BAMUEL R. CALLAWAY,
?rho has been elected president ?>f tin Lab? Shore
road.
partmenta of the Oran I Tr n k Rallros i He ent?red
the service of thai road in ]?>..; Prom 1871 ? ? 1? * M
???? iiiperlniendeni ol the IVtroll and Mil? ? a??
Rallroj I. Bub.?? q n in: ?.?,-. !.
? ni if ???? ? ..?:?; . Sagina? ..? ? lit? . ?? ?
Prom !">*l t.. ',??? he ?va? general maiiai tM
('?? lei if ? and Orand Trunk and president of th C '.?
cago snd Western Indians and ?? ? Lin? : . > i>*.
: 9 p'.'in- :. '..|, ,,. bj ,, , . ?? . .. | . ?.
dent and general manager of ???- l'nlon !'? I hi
l??7 he wa? m.-i le prevlaeni of ih? T< li lo St *
and Kansa? Cltj Railroad and In January, > ?
wa? elect? l to the presldenc) of thi N?*w-York. CM?
cago end Bl I.oui-, or the Kick? Plate" r .i 1 ?I
? le bea k?? ?? ?'? aaaumea the dulie? ?.? h - r.?w
olii . ai on -e
In the course of a 'jnveraatloa Mr < " i:lu *\ i
yesterday: ''Everything srlll go just ;.?.. asas? ?!
ever with the l.ak?? Shore, There a ??'? be a a: oi
a .? ?; miss.?,? by m\ taking huid It ?vili l?e m*. ?i-n
??? work along the line? laid down hi Ornerai ????
w. Il w. .,.. ,,? hopeful in the vVe?t, end th nk
that ihe bualness outlook la eieell? ? Of
much of the Immensi grain crop ?III ? moved i.y
water. Ic:t I think 'her.? will be a heavy ?rafllc busi>
nees for the railroad? ti?.!? ? : , : .? ter )'. ?ry
..ne in :h?? U'-s: :? Inclined * ? be a nil ? I ?? -!''?
stlon, and sre are all looking for* ird to ,i healthy
resumption of business. Already . ???? lone ^??
been given t ? business, end .ill lini - : rs ?? repon
u .,? ? li ay re) lv? "
NEW RAILfl POR THE ? AND JO.
Baltimore, Aus;, It Th.? new righi) ?\?-? ?;p1
steel rail? thai the recelrers of the BaltlBMre ami
Dhio Railroad purchased several months Bg it
..?. exceedingly low itnur??. ur?? now being deliver??!
st the rat. .if five thousand tons .. month. A- fast
us they arrive the?, ar.? being laid und If th?
weather continues good, Bl least twent) ih ind
ions of new mils will be In Ihe tr..-k by Christinas
N.-ariy ,? million ? roastl?*s hav?? been bouahl In the
last year and placed on ihe track ready for th?
new i'alls. Halla?! traina have 1.:i kepi 1 isv up
and down the line, an.l the work has sdvancf?
with such rapidity thai wh?n the new mil* am
down, the tracks will l?? practically brand ?"**>
fr?.in Wheeling to Baltimore, There are lot? of
good rai? in ti?..? od tracks, not heavy enough for
the new motive power, whi.-h ?a! 1 I.? taken up and
'.n?! on divisions ?rhere traffic la noi as ?treat ..sun
the main lln??. About ten thousand tons of net?
steel will be Is Id on the lines west of the Ohi?
River thi? fall, if the weather permits
? ?
BLACKWELL'? isi.WD IMPROVEMENTS
At the me.-iitiK yeeterday afternoon of the Casa?
mlesioner? of ? harltles !? w ?? r.? tlved to u?oottk
MR. PARSON'S I I RTHER cross , \ \MI\EH.
Th,- Supretn?? ('.ur:'? Special ? 'ommlsel m loteki
testimony and report on tha feaMjMllt) ?>f the u"?
derground railway plan sdopted by tho Ragli
?? -aneli Board continued Its ?nur:?.; yesterdoy at
?.. M r.ro.niw iv Mr Eebrtskte, the counsel for
Interest? opposing th?? plan, continued his cross >?*
.1111I11.111..11 of t'liief Priaineer l'a??on?, who ga>
plained certain detalla of th.? con??'ruction of oo
underground lln?? ?uch a*? 1? proponed.
Till' llejrlliK Will go ?ill loda?
??? NEW ?AST RIVER HRIDiiE.
All the ?'otnmlsi?|,iners of the .New |?:.??? l.lv?r
ltrl.li?.' w.re pr. ?.-nt at th?? ???????!??? a.f th.? Commi??
?ion yesterdai nttornoo?, wllh tl?? except!??) M
Mavor Strom, .md Mayor ??.'ureter, ? levy of U???
OUf? was mud.? on each of the two *ltl?-s in meet '.ft*
requirement? for tiutl.lln-, the bridge tr.m now until
Januar? 1 Th? report ol S S Mach, ihe ,???1???**?G
wa? received it told of the work on the brMBS m
the two week? ??ding Aii?u?t 17. The r.-p..r?. ?tat?}
that the reent ?trlke on Ihe New-York catSSM '?"'
not Interfere ?? any creai ?atent with the wirk, ??
,? lack ..' material? delayed ih.? building ot in. rate?
M.n The work on the New-York caisson ??'- ??'
prosr??.?? 11 ii111 ihe ctittln?! edK?? wn? ait an ele* to??
of .?s n feet, and all the soft inu.l hud been remo?*????
The work on the Brooklyn low? ? I? ar ?In?: en
?lowly, the foundation and launching way? I??1"?
nearly completed.