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THE ARIZONA REPUBLICAN.
SE ENTI1 VEAE. fiAPHCENIX, ARIZONA, WEDNESDAY MORNING, OCTOBER '28, 1896. VOL. VII. NO. 137. M'KINLSY'S ELECTION SORE. The Next Congress Will Also Be Republican. Reliable Canvass of the Entire Country Shows Certain Defeat for Bryan-Larne McKlnley Cains Noted Everywhere. NEW YORK, Oct. 27. A careful canvass of the political situation in the United States has been going on for some time toy the New York Herald, and ,tts consummation indicates a growing sentiment for the gold stand- ard, and the election or Major Mckin ley and a Republican congress. This conclusion has been determined by giving the states of Connecticut, Dela ware, Illinois, Indiana, Iowa, Maine, Maryland, Massachusetts, Michigan, New Hampshire, New York, New Jer sey, Pennsylvania, Kentucky, Rhode Island, Vermont, West Virginia and Wisconsin to the candidate of the Re publican party. These states will give McKinley 248 votes. William J. Bryan, it is conceded, will carry Alabama, Ar kansas, Colorado, Florida, Georgia, Idaho, Louisiana, Mississippi, Missouri, Montana, Nevada, South Carolina, Ten nessee, Texas, Utah and Virginia. These states will give the candidate of the Democratic -party 134 votes. The doubiful states are California, Kansas, Minnesota, Nebraska, North Carolina, North Dakota, Oregon, South Dakota, (Washington and Wyoming. These represent sixty-five votes. Were Mr. Bryan to secure every one of these doubtful states IMr. McKinley would be still elected toy a handsome and sig nificant majority. To ascertain the "political color of the next congress, The Herald also made a canvass of every congressional distract In the country and Is able. therefore, to predict that a majority vote of itlhie Fifty-fifth congress will be for sound money and for the principles of the Bt Louis platform. The number of Republicans who will take the oath at the beginning of the next session will ibe 224, Democrats 127, and Popu lists, 6.. These totals may be classi fied Into 'these proportions:; For sound money, 215 votes; for free silver, 142 votes. j '. . The silver men have a majority in the senate, according to the vote taken in February on iheDingtey bond bill, which stood forty-two ill favor of the free silver substitute to thirty-five votes in opposition to at The Herald, however, says thai; the financial com plexion of the senate, will also be anti free silver. The Heralds' poll isi as fol lows: Republican holdovers, twenty seven; Republicans already elected, four; Republican states which will cer tainly elect Republican senators, seven; sound money Democratic holdovers, six; sound money senator-from (Ken tucky, one; Republicans from states still debatable, three. Total, forty eigh't. Total! number of senators, ninety. A majority in the assembly in New York state is also assured, and Thomas C. Piatt will proba'bly succeed David B. Hill in the United States senate. The Democrats concede New Jersey for Mc Kinley toy 30,000, and Connecticut will give the Republican National ticket a majority of 30,000. Five Republicans and two Democrats will he the result in California, ac- ording to this canvass. Indications point to a larger vote for Bryan in, that state than for the state Democratic ticket. The Republicans will have one representative in congress from Texas, (breaking the solid Democratic front presented fey that state far years past. This canvass was carried on strictly in an imipartdal manner, which gives it great value in predicting the outcome of the great battle at the polls next Tuesday. CASH BOOKS ARE HISSING. Affairs of Naval Officer Dougtaw Un der Investigation. SAN FRANCISCO, Oct. 27. A bul latin today says that th affairs of Lieutenant C. A. tDouglase, x-com- mander of the First division, naval battalion, are under investigation by the hoard of officers, recently appoint ed for that purpose. It was discovered during the course of the Investigation that the cash books of Douglass were missing. There is reported to he a shortage of $2,000 in (his aoootnrts, but nothing definite is known as o the exact amount. Douglass la absent from the city and his whereabouts are unknown. An effort is 'being made to locate him. AN UNSUCCESSFUL HOLDUP. More Details or the Attempted Train (Robbery. KANSAS CITY, Oct. E7. The hold up and attempted robbery of the ex press oar of the Chicago A AKwn pas senger train No. 48, (between Glendale and Independence, is supposed to be the work of amateurs. The robbery consisted of taking $25.70 from Fire man A. E. Post, who was on the en sine, and the ransacking of the United States express car, from which dit Is said two packages of jewelry of little value, consigned to Kansas City, were taken. The express company and the messenger, Andrew Shields, deny, however, that the express company's loss was anything. The express mes senger concealed several packages con taining bank notes before the door was opened. The actual robbery occupied tout a short time, Ibut owing to the fact 'that the robbers cut the engine from the train and ran dii a mile and a half east towards Independence, where ithey de serted it, and where the engineer, James Wetton, and his fireman had to walk for it, It made the train an hour and forty-five minutes late in arriv ing in Kansas City. SALE OF ASSETS STOPPED. Reoeiver Frelinghuysen Declines Sell a (Judgment. to NEW YORK, Oct 27 Frederick Frelinghuysen, receiver of the Me chanics' National bank of Newark, N. J., which was wrecked in October, 1881, toy Cashier Oscar Baldwin, yesterday put lip lor sale at public auction the remaining assets of the insolvent bank. The assets consisted of judgments, notes, 'drafts and overdrafts, with checks and bills receivable. About $100,000 face value of the latter was knocked down for 10 cents. A judgment for 42,412,823.43, dock eted in the 'United States district court, j against Oscar L. Baldwin, the former cashier, was offered. The bidding on the judgment started at $2 and reached $501, which amount was bid by Fred erick F. Guild, a lawyer, when the re ceiver said' that .the judgment had more value lihan he had anticipated, and that he would adjourn the sale un til he had consulted the controller of the currency. It was understood that the judgment was to he 'bought in by Mr. Baldwin. The judgment represents the amount of loss of the hank by Baldwin's op erations.. All depositors for $2,000 and less have been paid in full, and larger depositors have received about 86 per cent. The late George A. Halsey and President Joseph Halsey, of the hank, gave $250,000, and Stephen A. Condict, tihe managing director, was induced to give an equal amount to moke good the losses. Baldwin was convicted, after making confession, and was sent to state prison for five .years. ' The bank closed its doors on Oc tober 31, 1881, with a shortage of $2,- 400,000. The money had been loaned to Christopher C. Nugent, an exten sive morocco manufacturer in Newark, who, with Baldwin, used the money in speculations which turned out dis astrously. Baldwin made a confession to the directors at a special meeting held onf October 30, and was arrested the "day following. ICXJNiVTOTEB OF MURDER. ASPEN, Colo., Oct. 27. The Cuaze murder case' was given to the jury shortly after 3 o'clock this afternoon and at 4:10 o'clock a verdict of guilty of murder in the second degree was returned. When the verdict was an nounced a smile lit up the face of Cuaze, and after whispering to his brother, he took a cigar from his pocket and calmly lit it. THE WHEAT PANIC OVER. SAN FRANCESCO, Oat. 27. Wheat, 'though tamer today, was in a much steadier position. All of the panicky feeling, so prevalent last (Saturday, had been eliminated. December wheat opened i$L3S and closed $1.31. May wheat cpened $1.31 and closed at $1.35. THE BOAT CAPSIZED. DENVER, Oct. 27. Andrew J. Spute with his wife and five children were boating in Smiths lake, a small body of water within the southern limits of this city, this afternoon, when the boat was toy some means overturned and Mrs. Spute and her five children were drowned. CARLJSLE TALKS GOLD. OWENSBORO, Ky., Oct.. 27. Secre tary Carlisle addressed about 2,000 per sons today, nearly 1,000 of whom were ladies. His address was well received by the gold standard people. The speaker dwelt on the point that he had changed his financial views since 1892. LION'BHRGER AFP0JHTE. (WASHINGTON, Oct. 27. Isaac Lionberger, of St. Louis, has heen ap pointed assistant attorney-general of )the. United States for the interior de partment- He succeeds William A Little of Georgia, recently resigned. SHOT HIS FATHER. RED BLUFF, Cel., Oct 27 An tonio C. Nunez was killed this morn ing by his 11-year-old stepson, Joseph Loza, at Battle Creek. Nunez quar relled with his wife and struck her, whereupon the boy shot his father dead with a shotgun. SPAIN'S WAR FUNDS. MADRID, Oct. 27 The premier of Spain, Senor Canovas Del Castillo, an nounces .that reports said to have been circulated in the United States that 'Spain has not resources necessary to continue war in Cifba are unfounded. ENTHUSIASM AT FLORENCE. Dr. J. M. Evans Addresses Large Assemblage. The Disastrous Eif ctof aFreeColn ae Measure Ably Presenter Hoarded Money One Cause of the Depression. FLORENCE, Ariz., Oct, 27. (Special Dispatch to The Republican.) There was a rousing Republican meeting in this city tonight, and the amount of interest displayed furnished a good in dication of the feeling that the best in terests of the territory demand the election of the Republican l.icket Dr. J. M. Evans of Phoenix was the prin cipal speaker. He restricted his re marks to 'the paramount issue of the day. "I know," said he, "that there are many very good mn who 'believe in the free coinage of silver, but I could not see how they could believe in it if I did not find the same contrariety of opinion in religion that I do in pol itics. '-. 'Wow, in my travels over the coun try during ' 'the past few months, I found but one condition' prevailing, and that was absolute stagnation in bueiness; everybody waiting to see what wiil be the effect of the coming election, waiting till they see what the prospects of a revival of business are after election. We have two parties; one ibelieves thai: we should maintain our present sound money standard, keeping all our money, whether gold, silver or paper, at a parity and as good as gold. The other party believes that we should abandon our present sound money standard and adopt the free and unlimited coinage of the silver of the world alt the ratio of 16 to 1, in open defiance of all 'the great nations of the world, and place . ourselves on a silver basis, claiming that we have not money enough and that it is more and cheaper money 'that we need. "Now let us examine into the facts of the case. Is ift a scarcity of money or is it because the money of our coun try is hoarded and withdrawn from circulation, from want of confidence? We have at the present time in gold $626,000,000, in silver $625,000,000, in paper, 475,000,000, making a total of $1,726,000,000, all equal to gold, which, on a hasis of 70,000,000 population, gives us nearly $25 per capka. Owing to the number of banks and the sys tem of credits throughciA thejlnioed States we need less actual money per capita than anywhere else in the world. "Our 'per capita of over $24 nder our banking system is equal Ito a per capita of $100 in many countries. We can do more business on $1 and make quicker turns than can he done on '$5 in any country 'that has few 'banks. i "The banking capital of the United I States exceeds one-third of that of alii the countries of Europe. Bt amounts to $1,400,000,000, against $3,500,000,000 1 in Europe. The proportion, of bank deposits in favor of 'this country is much greater. These are in round fig ures: Unified States, .$4,000,000,000; Europe, $6,500,000,000. It may he seen that we have about $80 per capita in bank deposits subject to call. The total clearing house exchanges of the United States amount to over $45,- 000,000,000. This is an incredible sum. and these exchanges supply the place of a great volume of money. Consider ing 'the aid of this circulation, we have much more money per capita than any other nation. .France, with her $36 per capita actual money, has only about $20 per capita in 'bank deposits. We have an abundance of money if It was in circulation. The worst in consistency of the advocates of free coinage is the ratio of 16 to 1. That is, they would put sixteen times as much weight in a silver dollar as they would in a gold dollar. On this basis, before either piece of metal Is convert ed into stamped money, the piece of gold would sell for 100 cents and the piece of silver a "little over 50 cents. It is clear then, that the 50-cent piece must be made iby low interchangeable wioh and practically redeemable in gold, otherwise the two dollars would not circulate side by side. Yet the silver theorist rails at the government for keeping a gold reserve ito make this 5-cent dollar pass for 100 cents. If the silver advocates want to coin all the silver in. the world why don't they propose to put 100 cents' worth of sil ver into the silver dollar? It would then stand alone. "In former ages and periods silver was in great request as a money me dium because 'the supply was very lim- ltea, but modem discoveries, appli ances ana .inventions nave so in creased and cheapened the product that it is fast ceasing to be of value as a money metal. While in former ages it was turned out (by Ithe pound, it is now turned out by the ton and by the shipload. "The commercial law of supply and demand regulates .the price of silver, as it regulates tha price of every other known product, and it is not within the power of all the legislative bodies in the world to permanently and ma terially raise or depress its value. Whether all the nations demonetize or remonetize it, makes in the long run small difference. "Free coinage orators point to -France as a country that has done such wonders with sifver. But when it began to decline and its coinage ratio ta go below the gold value, ' France closed her mints to silver. A recent statement on one isaoiK. oi xrajice showed special holdings, as follows: Gold, $430,000,000; silver, $225,000,000; showing $205,000,000 more gold than silver. Now, how does that compare with the United States? The last statemen I have noticed showed: Sil ver, $508,000,000; gold, $123,000,000; showing $382,000,000 more silver than gold. You will observe that France held nearly $2 in gold for every dollar in silver, while the United States holds $1 in gold to every $4 in silver. France has a total of $825,000,000 of gold and $496,000,000 in silver, nearly double as much gold as silver; while the United States has almost equal quantities of each, 'The popular error of the advocates of fiat money is that the stamp of the government on a paper Ml makes it valuable, hut it would not pass for 5 cents nor for 1 cent if the -Mil were drawn without any promise to pay. This is a simple fact not at all under stood by many intelligent people. There must ibe a promise of final redemption or other substantial promise to pay and confidence in the ability of the government issuing the billi, to make it of vailue. In the United States the promise to pay on such a bill means payment in gold. In Mexico or any other country on a silver basis it means a promise to pay in silver and would represent just the bullion, value of the silver dollar at the time the pay ment was made. Under our present system the government: represents the bank and the holder of any bill or piece of money other than gold, repre sents the 'depositor and the - bill or money he holds is the certificate of de posit, i "Fellow citizens', what will you do on the 3d of November? .Will you vote for free silver, contraction of our currency and repudiation, or will you vote for the maintenance of an honest dollar and a chance to earn it? Do you agree with our .gallant Major Mc Kinley that it is 'better to open our mills to the labor cS America than, to open our mints to the silver of the world? If so, vote the Republican ticket. Vote for A. J. Doran and the St Louis platform and let us be in touch with the coming administration that we may secure statehood as well as the confidence of the eastern capi talists. I leave the question with you." CAMPAU'S BIG BLUFF. TT . Ti,,j a He Claims Everything an Sight for iSryan. CHICAGO, Oct. 27.-Daniel J. Oam pau of the Democratic National com mittee received today itelegraphac re- ports from each state chairman In the ; ir.s., o.;t t,w latest information 'as to how the differ - ent a:ates would record heir voces one 4 rrs,o-i T-.h.!o , tho w formal report that will be made by; the chairman of the different state com - mittees. Mr Canjpau l savd uemocrauc iauonai uuuum i.-ew wu the result of next week's election with serene confidence that William J. Bryan will be elected iby the largest popular majority given, any president pitmnvi """'-j & r . m a quarter or a cearary. tie win have morethan 300 votes in the elec toral college. (Reports from the mid die western states show the effect of tour his wonderful campaigning through them. Bis majority will be increased by many Ithousands as a re sult of his great journey. Illinois, In- diana. Michigan. Iowa and Minnesota m in Ohin and .Wisconsin are very flattering." LEE IS DISSATISFIED. But He Has Decided to Remain at His Post. CHICAGO, Oct. 27.-General Fitz hugh Lee, consul-general to Havana, has given up his proposed visit to hds home in Virginia. His determination to remain at his post is understood to be due to ithe reports current in the United States that he was dissatisfied with his instructions and desired to be relieved. AlTTAOKED MGR BARTOELOMOS. Four Men Alttemipt to (Assassinate the Armenian Prelate. iCONTANTESrOPLE, Oct. 27. While Mgr. Bortoelomos, Locum Tenens of the Armenian patriarchate, was enter ing his carriage today, four men at tempted to assassinate him, but they were seized by the prelate's escort. One of 'the would-be assassins is said Ito be an Armenian. NATIONAL PARTY CANDIDATES. SIOUX CITY, la, Oct. 27. Generals Palmer and Buckner. sold standard Democratic candidates, were given ovaision here today. At 1 o'clock t.hfl afternoon soeeohmakine at the Grand opera house began. Both gen erals were liberally applauded by their hearers., At the close of .the addresses the generals were escorted to the de pot, and left for Council Bluffs. SILVER AT SIXTY-FIVE. iSAN FRANCISCO, Oot. 27 bars, 65; Mexican dollars, 51. Silver THOUSANDS HEAR TOM REED The Man From Maine Talks Los Angeles. Demonstration of the Year In the Metropolis of Southern Califor nia Hatn causes a Change la the Arrangements. LOS ANGELES, Oct. 27. The great est event in the political history of southern OaWfrnia was the demon strata on today in honor of Thomas B. Reed of Maine. Elaborate arrange ments had been made for a parade of local and county Republicans, but tihe , worst rain storm of the season begam this morning and continued without intermission until noon, the hour Mr. Reed arrived in the city. In conse quence many of thie decorations on. public and private buildings were ruined. Those planned by the Busi ness Men's Sound Money league were not displayed, the time being too short between the arrival of the distin guished guest and the hour set for 'the parade to start. . Altfhough the rain 'had a dampening effect on the ispirite of the managers of the demonsfcratian the general public did not appear to be seriously incon venienced. The fame of Speaker Reed was sufficient to attract thousands ta the city, so that by the time ithe rain ceased the principal streets were crowd ed and the greatest enthusiasm pre vailed. ' Mr. Reed came from the north on a, special train. He was in excellent health! and told the members of the re ception committee that he was exceed ingly glad to 'be able to take part in the state, campaign. Thirty years aga he 'began his career as a lawyer in Cal ifornia. Soon after 'being admitted t the 'bar he went east and has not vis- : ited the state since until now. He baa been greatly pleased with the evi dences of growth in the different Bas tions of the state he has seen during his short stay. He was escorted to hi hotel upon his arrival and soon there after 'the great; procession began ite march. By the time the vanguard of the pa rade had; reached Athletic park fully 20,000 persons were in ithe enclosure. When Mr .Reed stepped to the front of the speakers' platform a roar went UP which was heard a half mile away ' . disftev :-h fi3crarnr.o. :n. ca tizi fitnivr Uftn. ' It was fully five minu;es before he was able to proceed, so enthusiastic were the people, air. F-eed was dressed ia VrTkZ be m the best of health. When he.be- 1 , JZbtJt j ' ? J""'" "fT i" platform were treated 'to an agree- '"V iJT" . " " " " .'":'- X with his usual drawl and almost his fi , ., i ,j w ! JSS't ""-'' T :.A l 'ZtTJt ! f , fvls a flank fl discussion of i-it we are surrar-ised to finfl hnw vai-t , ..... . . - . - little there' ls jn dt." After :he crowd had indulged in a hearty laugh, he cqn.tiii.ued: "I believe that with fiat I "se the price of silver would fte- knowledge of American history and not upon the conditions in forfiigi; countries. "History chows that from 18G1 to 1865 we ad a constantly depreciating currency. Not once during that period did wages rise, in proportion to the prices of commodities. Whenever com medities go up the wages of working men go down. This argument is baseS upon history. Do you want to follow a man who says that the teaching off 'history are not to 'be considerefi!? Wat we want is a chance to borrow. We do tost, want repudiation. iThe couWry needs money to develop it anfl you cannot borrow $1,000 expecting te pay back but $500." Mr. Reed poke for more than -an hour and was listened to with the ut most attention. If there were any sil ver men in the great crowd they ma not make 'their presence manifest by insulting actions or questions. It is th opinion of leading Republicans here that Mr. Reed'si presence in the state will exert a powerful influence upon the election returns in this re gion. Already the sihrer men are at testing by tfceir actions that they"aj afraid of the outcome. ELEVATORS DESTROYED. .CHICAGO, Oct 27. Two huge aete vators belonging to the Chieago fcnfi. Pacific Elevator company were de stroyed by fire this afternoon together wK eir contents. A numTr at i smaller ouiiQmgs were burned as well. an and tte total loss will be ?l,000,00u. inTne insurance will cover three-traar- , ter OI e amount. BRYAN WAS EGGED. CHICAGO, Oct. 27. During the Bryan parade here this afternoon stu dents of the Metropolitan business col lege threw erfrs at parties in the pa rade and created considerable disorder. Two of than are nsw under arrest f.n. 'the police arts 'after others.