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The semi-weekly miner. [volume] (Butte, Mont.) 1882-1886, January 21, 1882, Image 6

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Persistent link: https://chroniclingamerica.loc.gov/lccn/sn84036033/1882-01-21/ed-1/seq-6/

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TBE ? EMI-WEEKLY MINER
—BTTBE—
■ T. B 10 V 1 , I I I s I .1 t
TERMS—BY MAIL:
•••••••••••••
9mm ©opr on* month.
•asoopjr als month«.....
•aa oopjr imlft month«.
Deltrered by Carrier. » el*. per month
hui the CtrrtorMrh month.
Adverttktnf rate« will he fumMied on applt
SATURDAY, JANUARY 21,
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Miner Publishing Company.,»;«,,
EDITORIAL VOTES.
!
The re|Mirf that General Grant de- |
sired hi* name withdrawn from the list ;
of ineor|*»rator* in the bill providing A»r j.
the iin* »rp«»rat ion of the Nicaragua Ua
nal cf>ni|Miiiy, i* denie«l i»> Senator Mil- ;
1er, who lia* tlie bill in charge. The j
G«'tn ml hn* faith in the success of the
enterprise and will give it all the en
couragement in hi* power.
An admit system of l*aggage stealing
ha* just come to light in >'hi«*sgo and
the thieve* have eoniv to grief. Their
niclho«l wa* to present l**gus l«aggugcf
checks to tin* baggage masters of train*
Indore the rightful owner of the Isiguage
pre*ente*l himself with the prepereheek. j
The Riilread eonifNiny had lieen com
l*ell**(| to |*ay large amount* for lost l*ag
gageandsi-t detectives to work up the
cause <»f its disappearance. Ity means
•*f a d<*eoy trunk containing valuable
samples liny caught the fellow and his
femalea«*«*ompiiec. In their |»<»sscssion
the officer* found alsmt $7,009 worth of
plunder, among It the trunk of a
wealtliv Milwaukee brewer, valued at j
ÿ.*t,iMNt. lu view of the promptness with
which liaggugc masters deliver Imggage
ii|m»ii presentation of cheeks, the won
tier is that this easy nicth<«l of stealing
lis« not In ppictice«l to a greater ex
tent.
We have tin* word of the Chicago In
ti r an that Mr. Hayis denies the
blander that his wifealone suggesteil the
teiii|H'rani a « > regimen at the White
House. Mr. Hay«**said lie had just a*.
mui*b to do with it a* Mrs. Hayes had.
Since Mr. Ifay«** fini-hed Mr. Tildeu's
term of office as I'rcshlcnt, his |nirty has
re»!»lic<l him «»fall the honors that are su|s
|«*cd to attach to the |H*rsou who has
tilleil that exalteil |*isitioii and consign
ed him to oblivion. lint Mr. liny«* is
not dis|*o«cd to yield all Ids hardly won
laurels: lie must draw the line some
where ami lie hit- drawn it at the water
line. Then* he takes Ids slam', ami
those evil <li*|Mised {tcr.-oii* who have
tMvu hclitt liuu bim will liem*eibrtli mi
•lerslaml that lie had a hand in buiiish
ing wine from tin* tables at the White
Ib»us«' during its «•ccupaiicy by the
Haves family. Hayes t«H>k hi- t«*i«ly at
• be n t arent sal«Hiii. lie lia<| other uses
the
to
If it
on*
silver
the
la;
silver
this
lor
Ih*I
that
is
that
terests
liiat
for Mr. Tilden'* salarv ami wa- not dis- 0 l*l
f « **• '» I to -qtiaiiih-r it in \iim-* for the
1 ry
eiili-ri:tiiim«-iil of vi-itor* to the I'resi
«1« -tt t i:« I to.tn-ioii.
1 atiutiKiiyvery m<H|e.^i ihMiiami of
lin- hei one rat- New Y»»rk Senate
-how- to « hat «-xteiit cheek can a*s«-i 1
it-eli. They a-k first: the ivlin nu'iit of
Mr. .la«-.. Im a- a raiMÜiiate for the |*rcs
i»|cttey pro t• * 111 . of the Senate: seeoinl.
Tammany lo t.c vivi a the cl«rk*hip of
lie- Seiial«*, llo- ji»:«: ual • !« rl;* hip of t !««
^eiiaie, the *-t*i«* of Scr-. « ani-a!-arni- of.
fie- '-«•nat»*, ami ««in- <ii*«>ri\» e|*«-r; ihir*l.
that ( ii.'iil« * .-wann be eivi-u -om»- po-j
-if :»»••: foiirlh. that .S-nators Grady,!
Trt-ain»r. 'fitns ami Mr«»wiiin»jf !»«• tlie
i I« -,n«»<-r.'i (-011 the < '• »»itlitilt « •• of t'ilic-,
uitntw«» ltepiibli«-an>; fifth, that Air.
I!« vd be math* t liairnian «»f the Mail
t«»a«l 4 * »it« it 1 i ( !«•«• :tml Mr. Treaiior Ik*
mail«* a member « T it. ami dial the ( 'om
mitlcc b«- *.» ma«b- Up i!;ti* it : ball m-|m>|-|
promptly «very 111 « «sure -til-mitied to it.
«-ithi-r favorably «» 1 * i.d\«*r-«-ly, .*,«» that
tin bill- may be br»»«u;lil be»«.re tin- Sen
r«tc .or action. It is baldly ii«*i-<*s«arv to
(be i>< in«»« rat-reject« d tin -.* pro
pc-ition- and sImimI firm*in their «Ictcr
min;«lion I«» make no term* with the
• '««It i\ Tammany imiubcr-. A» last
ac.oiii.l- the <i«'adl«M-k relnailiid
Olol.l ti.
I {««■ l,o|»«loil linn*. IJla**k \\ « .1 m Î * —
4 /n /r.i n and Applet«»!)'- Km ycl«*p;c
dia are the > bill
la-t night it fell to w«»i-bipping a ih-w
•'I' d. i lii-time it was a «*om*s|M»iiil«'Ul
of tin-New York Tina*. Altbougli it
. ;«- heretofore expressed the opinion
that but little reliance can Ik* placed ii|»
et« what c«»rri-s|H*ndcnts say, yet it
«fiu.ics a portion of the hater «*f the
flirt* Washington <'«»rr« , .-|M»iii|< > iit
v»lii«-b -tat««! that «»ii the i»th in-l. "Air.
I'cll. r otb red a r«-«»iiuiou in tb«» S«-natc
•idling s«»r the incisions of «-x-t'onimis
-ioner \Yi!liatu-oii. of the Man«» Ofii«-«*,
an«! ex-St cre-inry Schurz, «»f the Interior
Hc|«artmciit. in relation t«» the cxtcii
un- 1
j
:
j
I
j
j
j
j
J

;
an.r TciJcr's resolution is before us. I'lu* i
rciM.hui«»u call* for the "full text of the
dcci-it*ii, t»rel«r «»r instruct it m* «»f the
Non. rad s.luirz overruling the «le* i
i« ii of the 4 t.iuiiiissioiiei* of the 4 Jener..!
• Mir
or
Our non-partisan, anti-sliver cotempo
raiy having discover'd that ita opposi
tion to oilver is unpalatable to ita read
era, in reeking for an otjeet upon which
fools and imbeciles for not agreeing with
! it in regard to the integrity and value
J ; of silver as a circulating medium ; and
w rebukes this journal for its warmth in
j defending the interests of this camp,
I Now, this question in regard to the
; right of a journal to advocate public or
j private interests happen* to be among
J the re* adjndieatae. The San Francisco
Chronicle recently charged that other
.„imobHjr, Sflgk« «it th.
-—- —
! journal* in the city liad lieen bought up
by the Central Pacific railroad cornjsi
| n y, and a libel suit was brought on this
; allegation. The court decided : "Talent
j. j* as much the capital of the advocate,
the lawyer, und editor as, merchandise
; is of the mendiant ; he as much right to
j M> n bis talents a* the mendiant his nier
j
ehandisc. The lawyer, the minister,
the larliatm ntary advocate, the lectur
er, the author, sells his taleiit, and he is
not the less respected for so doing. The
greater his learning, industry, elo
quence, and the esteem in which lie is
held, the greater hi* |ieciiniaiy compen
sation. It seems t«> me that it is no more
lilielous to accuse one of selling for gain
the support and advocacy of his news
pa|*cr than it would lie to accuse the
merchant of selling for gain Id* nier- j
ehandisc." !
A*a pn»|»o*ition of law the al*»ve de
cision is unquestionably correct; as u
question of ethics it i* manifestly wrong.
There is a tacit contract between a pub
lisher and his patrons that only whole
some ami honest measures shall receive
j journalistic endorsement; although
these |Mitrons have no remedy at law for
the enforcement of such implied con
tract. Our non-part inn «»temporary
started out as a Bepubliean journal, and
obtained subscribers Under that pre
tense. These suliscril»ers «*aiinot now
obtain a mandamus to force that journal
to continue in the Republican ranks.
Tlieir only remedy is to stop taking it,
If it does not suit them. It is not Iliad
on* to charge that the aforesaid anti
silver journal is under the influence of
the London Kx«dtange. It would 'not
la; liladous even t«> charge that it was
Isuight with British gold to fight
silver in op|»o*itioii to the interests of
this <*onimiiiiity, or that President Tay
lor secretly owned that n«*ws|»a|ier, and
detailed for the conversion of this region
Morniom representative* of that [Kviiliar
ly
all
and
tlie
last
mi
the
at
representative* of that [Kviiliar
institution.
While there is an implied agreement
Ih*I wren a publisher and Ids siihscriiiers
that a ii«'Ws|Ki|M'r shall not advocate what
is |»emieiou*, then* is also a presumption
that it will strive to advance the in
terests of its immediate patrous. A
news|»u|M-r in an agrieultural country
liiat would lend itself to speculator* in
0 l*l H,s ^*°n to farmers ; in a stock coun
of
1
of
of.
;
1 ry that would play into the hands of
; dealers !»y charging that the cattle wen
infected wit ii pltiro-piietiinonia, or tin*
hogs with trichina* or hog cholera ; or in
« silver producing country that would
charge that the product of the industry
11 which tlie people well* engaged made
ii-elcs* coin- or light weight dollars,
would l*c voted idiotic. Ifnn editor lut
«»iiscifiiiious scruples alN»ut the propri
ciy of the biisiiu*— in which the |»«»p!c
-urroiimling him are engaged, it is iii
« ii:« ii : fc —1 duty to s.*i-k mort* c«'iigcnial
-».«•iciy. The I.omleii Exchange ami
Wall street have th«*ir organs. They
wottld not he |iutroiiizcd if they dit| not
*
J a»lv«M*ai«* l»K*al interest. The t*»lilor in a
» 8 ^ v «*r «»uiitry who lias («oudoii notions
1 0,, ghl to return to i.ondon or »Hsguisc
j 9iij»alatal*l«* <*onvicti<»ns.
j The «» -; 1 i » when exhausted in its flight
fioni the pursuing hunter hurics
j li -a»l in the -and ami
MR. BURCH ARDS FIGURES.
its
imagines itself
* nccaicil I'ih> m view. The uninformed,
11 -partisan ln/> r Maunfain r««ut«-d by
<-Aii.XKit from its weak and imlctV-tis j
• I** |M»sitiou «m th«* silv«>r «|U«*s- j
t oil and correvti'd at every turn iu its ;
1 >ui—tatcim-nt of finds, emulates that l*ir»| j
in hiding its -hallow lu«« I in Air. Bur- j
j chard's figures, and while cxiKisiiig ii- j
: busitie*-eml to view foiuliy imagines it '
j cannot Ik* capture«!. In its issue ««f hist !
evening it reiterate«l its statement tliat ,
"during the y«*ar dsTtii the <*oiisunip- j
ti«»n ««;' go|«| in tii«> manufacture's was !
more* than d<>ul»l«* that of silver." Now
it makes hut little «litfereiice to tlie
w«»i-l«l at large whi«*li im-tal enters most
extensively iu tlie arts and iiciuti
factures. But it is a matter of
s«»n.«- lit 1 1«- interest to |K*«»pl«* living in a
J
j
;
!
,ilv. r I'riNliK-ilu. ,tv«i..» an.l win. r. !v |
"I"...... .. ?.i.lM,try f..r ilwir ;
support to know t«» w hat vx . j
is us««! in the maim, j
tent
m«*re* plainly «lisplayed than its assum- !
ing the (»copie « aiumt read «»r in rcailing ;
«-an not understand. Rut Mr. linn-hard's
figures were the sands in which it pr**- '
|H»-e-to pr«»t« «*t its«-lf from the irrefuta- !
* *11 pag«* 2»Cf *»f Mr. Rurcharel's last re
port he gim the amount of silver w*d
in the arte and mannfhetuea for the
' jrcan from 1874 to 1879 Inclusive. Aa
opposi- j thia table may prove of interest to our
read- ; silver miner*, we give it in fell. It must
which ! be borne in mind however, that thwe
with
value JJ74
and
in
camp, j
the
or
other
'•••• ••••••••• ■
I•••••••••••
th. a*«rr. «no, e«ct. Mr Bt^«»

$4,408,589
4,237.841
3,812,018
up
this
to
nier
1875
]K7H
1877.......................................
............................................ 5.210,1*2
............................................ 5,977,5*00
During the year 1879Mr. Burchard es
timates that $3,800,125 in gold were also
used in the arts and manufactures.
When it is considered that a dollar in
silver represents in weight just 10 times
as much as a dollar in gold, the most
onlinary mathematician «ih *0011 figure
out that during the year 1879 nearly
twenty-five times more silver than gold
is
The
elo
is
the
j
!
u
was used in the arts and manufactures,
In view of the above figure* and the
facts which they prove the Infer Moun
tain selected a frail harrier when it at
tempted to shield itself from the penalty
of it* false statements behind Mr. Bur
cliard's last report. This same report
also contains figures which utterly con
found mono-metallist* of the Inter
Mountain stri|»e. We shall refer to
them as onvision requires.
GARBLING.
Iii it* i-sue of last evening the Inter
Mountain devotes a column and a half
in extracts from the last re|*»rt of Di
rector of the Mint Burelianl. The os
tensible object of this waste of time and
*|iacc is to show that gold is more large
ly used in tlie arts and manufactures
than silver. But the foxy Inter Moun
tain knows just how far to go in u
tractinu without putting its foot in the
trap. It *to|M exactly in the right
place. It quotes ( Report p. 293»: "From
all the information obtained, it may be
safely assumed that the annual con
sumption in the United States of pre
cious metals in all forms , now averages
$7,990,099 in gold and $5,Utl0.fNNHn silver
and fuller statistics may show a greater
amount thus used."
Here tlie Inter Mountain becomes
short of hreatli and stops. In the same
(Miragrapli and iu tlie next sentence is
tlie following: "In estimating tile
amount of production appropriated an
nually for this use, I have added one
third to the value of such liars furnished
from the New York assay office, which
gives tlie following consumption for tlie
last fiscal year: Gold and sti
ver $5,977,399." The Inter Mountain
can have huf one object in view in thus
garbling Mr. BurehunP* rei>ort, and
that is to convince our silver miner*
*
of
I
in
A
in
that silver is not much account anyway;
that it might a* well la* demonetized ;
that it don't cut much of a figure in Un
arts and manufactures; that to use its
own expression "worthless dollars" and
"useless «»ins" are made out of it and
of that the l»eat thing our (»copie can do is
in
to quit silver mining; leave this camp
amigo to—Loudon. Tliis is the logical
meaning of its eli'orts to deride Nilver
ami ciseoiirage silver mining. As for
Mr. Riirchard's estimates of the amount
of the precious metals which have en
tered into the art.-and manufacturer,
but litt U* reliance can In* placed ujniii
l!u hi. lit- himself admits this. Not
im »re than 011 c circular letter tail of live
sent by him to manufacturas
r«*»*« iv«*«i 1
any attention from th«*iu. Jiis estimât«-.- !
are simply guesses. On j>agc -even <*f J
his report he pi««-«- «lie amount or silver j
iu the arts and mamiiae- ;
at s4, «>99,999. In other ]*arts j
places it at a j
great« r amoum ami in oth.-re j
again less, l.ut in \ie\\^ ol the ia«-t of j
theellbrts that have b« < 11 nin.le for s«-v- !
«ral yea re past by m.m«em« tallistsol the J
Used
tur«'s
of hi>
j Inf*r Mountain'* « aiibre, to di-h«ni< r •
the metal a slight feeling«»! insecurity
ill its poss«--»i<iii has tak« 11 hold of the !
public mind at:«l milium* of «lollui» j
w*«»rth of it have b«cn con«uii!««I by |
j buiimfacture re bccaiis« it would l*riug
j ff*»hl t aym« nts iu its man 11 factur««I
; f»»nns. Goid is coined bteause it i-the
j favorite metal, while silver lat* Ik*«*»
j f«»r«*e«l I«» a great extent iiitothc melting
j |H*ts of the artisan. !t
' *hat fifty i»«»uiids of silver are ns««l iu
! I * ,t '
,
j
!
till 1
evening prove uotliiiig against th«
assumption. Tliat journal lias phi«'«*«!
J itself in a «'«unpromising position on the
j silver qimstion and in its « ndeavor to
; throw «lii-t in llic cyd of its readers that
! 5hey may !«»*«• siglit of it, has res«*rtc«i to
is?afc to say j
I- arts a.id u.a..utt.rt..r« wl..-n-,f
M Ira, I„h .H» y»l. ?.. ! ,,
» Mr. Iturvlmnl , „ wl.i.-h j ......
' .. """ *»** r '* lt ^ , » i " !
.
!
j
f
..... .
| <I»I | *HIW «l-m inl.mr It .an | ,
; n«l»»h- «<-«? •<■ « .....* nut ..f Hi*, mi
j tinuaint* of tlu* eoinage of silver, nn«| in j
j its reckless étions t«» disnouor it in tV^ •
-»Who ?m one thiinc uiwt 50 t «notht r teil
Khoultl be üsteNteu as tlie Kales 01 ia-ll.'*
Fatal Bridge Accident.
Lr.i!.\N«»x, Ky., J
in progress of const met ion
Rolling Fork,
men *criou.*lv Miiur «*. 1
....... ............... '
» Accident. |
istriicti«»ii 'over* ' the i
the Leb: noil i
1 pike, eight miles! ,:t
tt*
THB DEMONEHEATION OF SIL
w*d
the
Aa
our
must
thwe
We stated the other day that the de
monetisation of silver waa accomplished
by a trick in Congress. This statement
was denied by the Inter Mountain.
_. | ourB «l which luw recently shown
-
! liticul history asserts that the act that
brought it aliout was not unknown to
|h e public. On the contrary the meas
ure was pending three year* in Uoti
^rfcss, etc." For the honor of Montana
journalism we do feel some compunc
tious of conscience in exposing the ig
norance of the InterMountain, but when
ajournai displays so little knowledge of
recent events os that sheet lias lately
evidenced our pity turns to contempt.
We cannot longer throw the mantle of
charity over it, nor stand by and see the
truth of history jierverted. In a speech
es
also
in
times
most
gold
delivereil by Mr. Vest, on the silver
the
at
Bur
con
to
Di
os
question, in tlie United States {Senate oil
the 11 th iusf., which speech appears in
tbe ConyreuKuinat Jteeotil of the 12 th
iii-t., that gentleman in the course of
his sp«e.>!>, referring to the persistent
attempts of tlie Republican (wirty to de
monetize silver said: ,
"In 1899, as I say, they made the
bonds jaivahle in «»in, and the next
tiling wit* to strike out from coin the
silver of the «»uiitry. Ill 18751 they
demonetized silver. They were deter
mined to make coin mean gold. They
were determined to make the i*ond* of
the «nintrv payable in gold, and there
fore in 1874 they jiasscd the net which
struck down the silver dollar, and
strange ns it may seem, the act was
passed year* Itefore the people found out
that tliis outrage had lieen perpetrated
U|K»n them. * * * * They deiiione-1
tized silver and the people for five long ■
y«ir* sutler«! and bled and toiled and
labored without knowing the outrage
lierpctrutcd upon them. Distinguish«!
member* of Congress voted for that hill
and were as innocent as children of
wiuit they had done. The President of
tlie United States who signed it did not
know tliat it denionetiz«! silver. It was
known only to a tew."
General Grant, then President, sign«!
the bill in February, 1873. To show that
General Grant did not know what he
had done, Mr. Vest read the following
letter which tbs ex-Presidcnt wrote to a
friend—Mr. Cowdery—in October fol
lowing, upon the silver question :
"I wonder that silver is not already
coming into the market ro supply tlie
deficiency in tin* circulating iii«liiiiii.
* * * Kxporicnee has prov«i that it
takes alsiut $ 40 , 009,999 of fractional cur
rency to make tin* small change n«*i*s
sary lor the transaction of the business
of the country. .Silver will gradually
take the place of this currency, and fur
ther, wiU become the standard of values,
which will lie hoarded in a small way.
I estimate that this wiM «uisume from
$299,900,909 to$000,000,900 in time of this
Slavics of our circulating medium. *
* Our mines are now producing al
most unlimited amounts of silver, and
it i* iKvoiuing a question, 'What shall
we do with it ?' I suggest here a solu
lion that will answer Mr some yea re, to
pot it in circulation, keeping 'it there
until it is fix«*d, ami then will find some
«I
and
and
is
for
en
Not
live
until it is fix«*d, ami then will find some
other markets."
Mr. Vest, continuing, said: "Yet
that came from the Pre-sideut of the
United Stilt« 1 * in Oetolx-r, 1X73, eight
months after he had signed the act of
February, 1X73, demonetizing and strik
ing out of the siirroncy tlie silver dol
lar, or "dollarof the fathers," as it i
|N>pularly tt nmd. Ai'U*rwar»l, Mr. < kar
tii ld, the late lamented President of the
United Stales, who voted for this law,
declared publicly that he never knew
there was any *ueh provision in it. Mi*.
iv«*«i 1 Kelley, «»f Pennsylvania, am»tlu r lea«!-J
! nur Aiciulvr of the Hon
<*f J p, «hilare, I the .viuu* thing.
j Mi the fa«*.* of these facts, iu the light of.
; rec<>rd«-«i history, the Jni: r Mounti t in as
j tb;,r t!,«* aid. that brought at «oui t!i,
a j demonetization of silver was n«»t tin
j known to the public, etc. Has the Inter
of j Mountain th<* manliness ioacknowledg«*
! p* error or will it again resort t<* sonm
the J ,,uibb]« u { H»n w«»r«Is to oov«
:i*=e win* v«*t«*«l for
dm»- " \i».l coi
An.l >*l.
r • all«*«*
its ignor
! THE
j
by |
PRESIDENTIAL
FUND.
RETIRING
it will b,-ici nein b«re« I lital ^»ui«tin;c
ag«» several gentlemen in X«w Y«»rk in-■
Retiring
I' 9hd to be pl:a*cd lo tlu* credit of 4 Jell.
j Grant. The sum <*f was con
tribut«*«! ami the amount s.ii,im*s« «| to be
inquirhs iiave Uhu !
t«'re sl« d themselves in raising what wa
th«*ii tenu«*«! a "I 'resident in I
illwl „, .
! ,, ulk . „„ lltlv ............
j ...... .......«hi, f[„
" ! ....« rc.ilt. il « l ii,ra. t,.rilv
fuinl W hielt have
t»> til«»*«' IISO.*t
. interest« «i iu it. Soin«* of tlx* chief <-«*n
! trihuîors. among them Jay 4>ou!«l, who
j eoiitribiited $25,099, are ignorant as to its
f <lis|M»siti<»ii and ev«*n General Grant is
unable t«> tell iu what securities tin* fuml
1
was ibv«*st«*d. UiK*n another page will
| , fo|11 „, ...... v ,, rv |, lt ,. r ,, lin .,
vl( , ws w ,„ v
j Sit ' w j t |,
• th«
some <»f
organizing
parties
who aide« I
became «»f it.
expression the
' .............. ...... -,
| i
i J 1 «**«*»" j
i 1* U,,||C ,,,< l u,r > * »»•"«,
,:t "* 4 iratut is a puhlie character, and
tt* the
interests
rai*<* the
ami :t is
publicity as :
inve.-tnu nt «»f the 8259 ,»um». Sii«*|| !
SIL- j secrecy as that in which Mr. Jon«* per
de
shown
-
that
to
meas
Uoti
ig
when
of
lately
of
the
silver
oil
in
th
of
de
the
next
the
they
of
and
was
out

Stories Afloat as to Its Shrinkage—
slats in this case is often the cause
great scandals in connection with hinds
held In trust, and already the insinua
tion has been made that the originator
of the Gen. Giant ftmd made a trip
Europe on tlie interest accruing on the
$250,000 up to the time of its investment.
It is unfortunate for Mr. Jones, unjust
the contributors, and unsatisfoctoiy
to the public, to have such concealment
practiced concerning the Gen. Grant
hind. The only proper way to man
age such a fund is openly and before the
eyes of all who care to we. Let Mr.
Jones make an explicit statement a* to
the fund, and if there has lieen a laid
shrinkage in the value of tlie s«'iiritles
In which it was invested, let there l»e no
concealment of the fact, even if ex-Gov
eraor Morgan is to bear tlie loss instead
of Gen. Grant."
The position taken by the Mail and
Krpre** is a sensible one. The fund
which has lieen raised is the foundation
of what is known as the Presidential
Retiring Fund. The income of this
fund is to he paid to Gen. Grant during
his life, and after his death it falls to
the next President in the order of *u<
eession. Tt is a fund to which any one
may contribute and hence is a matter of
public interest as to what liecsmica of it
and how it is invest«!. As the matter
looks at present the fund is liable to l«e
comeso retiring rhat it may in time re
tire completely from the public gaze.
AN UNPLEASANT RUMOR.
Ia the General Grant Fund
$250.000 Safe ?
Of
of
of
he
a
it
Its Managers Unwilling to
( Give Information as
to How It Ia In
vested.
Whatever effects the welfare of Gen.
Grant interests all the ]K*oplc, and a ru
mor that the fund of $250,009 recently
contributed in his Itehulf has lieen mi
fortunately invest«! has excited not a
little comvrn in well inform«! circles in
Ibis city within the last few* days. In
the World of December 29 it wa- sug
gest«! that there is a quite «»niinoii un
derstanding that the originator of the
fund appropriated the interest, up to the
time of the inv(*stment of the prinei|Mii
in railway securities, to the payment of
hi*expenses during atrip to* Europe.
The rumor that there Iuls been a s«;ri<»us
shrinkage in the priuei|»ai is founded
upon the fact that the price of the secu
rity's in which il is believed to be invest*
«I has fallen enough to make a lit rue
loss.
fur
way.
from
this
*
al
and
to
the
of
dol
i
kar
the
«I has fallen enough to make a lit rue
loss.
In order to ascertain what disjtosilion
had Ik*» n made oft !:t* fi n i, a representa
tive of tue .l/o,7 and /,.*/;/• .-.v sniglii the
oh!«» of Mr. Gould, who coiitrihiilcd
<»lie-tenth of III«* $230.009.
"Mr. < 5 oil hi is absent from the city,"
-»«id Mr. Washington K. Connor, Air.
Gould's partner, "hut it is safe to say
that he knows nothing of llo* matter
about which you inquire."
"1 know he«loes not," exclaimed
prominent g« ntl -man »«'ho had lu*ar«i
the inquiry ;«s to G« 11 . Grant's fortune,
"lor I myscli iu*ar,2 Air. Goald -ay h«*
h;wl never been t« *1« I what was don«
with the money."
Air. iüissell Sage, m hose ofihv is <<n
the sann ihn.r as Mr. *. .otdd's, at N«*. .so
Rromlwav. was also «»iicoi iiii-eoutribitt
or*. II;* was found in hisofiico, at a»ie-k
"Vi-r which a manimotii bull bulfido
h«ul i* ftx«l t<* til«* wail, ae«*cpting or
rc;cctiug the writ: en proj»«»s.ds of «ss
lomcrs who wished "privileges." J f «•
was a*sf;y<l i! he km-w o! tin* ruuioiv
aljvi 1 i' 1 g tin <Jen. Grant fumi; ami
wiiimui r.i.siiig his cy«s from ids «!«-*!<
, !:«* repli«-« I : " ^ cs. I iiav«* heard s«>»:e
ugly st»*ri«** alunit tin matter, but I hav«
of. | ««,„ „uabl. t«» >«;i v«.n whethei
as- ; shrunk, as ««•porte«!*. îiir««;ejh
H«e pri. «• of the seem it i<
v< *^ 4 * *1- , '" N
for j *•«* mean- <>t knowing anything about
! t *««-ir itutiifuliuss. t «i.i m t know iu.w
1 « ;,s i„v,.„„I
m
op
ill wliM-h
AMugan•
ouctlt t«* Ik* abl<* Io teil you."
j I |h»ii this a«ivi«*c, a visit was a« «.n« c
j fnade at .',«».•»-! ! ixcbaiig«* place. w!i«.-re
j ex-lîov. Morgan was found nti.-y with
• many papers sprca«| out iijm;!i his «ie-k
"Gov. AI organ. I wish I» inquire lu-w
«he 4 Jen. Gi.-iqf fund of >'2'i9,tMM was in
I Vest«.«!.
I coil'd«!*, r 1 bat
.-m»
th«'
j tion,
j his fa«*«' lb.iiM «| -«
j «b 1 «*•«*» 1 by bis lux
j hair, looked ;«!•?.«
•»«•ne of your lue
\ el!
\\ h:in v«*r et»e«'i
Î Grant i-«'\eryb«»*ly':
j was tin conciliatory
' placr.te . îic will* ii of y.
! nti-'nian who .-eem«<!
I h ' sl îtui.ior has it
loal die liliMle th«- in V« tm-nt of tile fund
iu securities held by him-elf and a iv
! mark made t.y ;%• rl George Jones, th
(»! lit« - linns, «*« »1 ) —
- will he -i vli
?n imtiud« in
t,U
; : *, :i i •!< •
mai».
wb
ilc
in? bis
clu*«*k
-, «
n
iant wb
it«* bsarel amt
( lit pi«*

" 1
s.-. '
1
- Ii.*' Wt
ifare«u
"I 'e
n. 1
1
• *ii—in**
s*. i- it
U«»l
?" j
1 -'i»iy.
«1« siv*iie«i
In ;
1 chief -ioeklioldc
tirsiis tit«* riiruof .
tlicr on.
" You didn't
the fund, did
< iov« rnor.
"X«>. sir."
eontribut«
you ?" replied
» 1 « Ucvoj«qit old
I«* > 1:1 \ «• bien j
,
" !
fllr .
,,,r "
a.ivtiiin.jr...
I
!
!
Ihe «*x
" 5 '»ur pap« ! «iidn't <ii«| ip.*"
"No, -ir."
"Then what have you to «h» will» it?
*s it any one]* business w liat becomes of
a present w iiieb a !ew gentl« nia!i make
t«» 4 5«*i». 4 J rani?"
1 think i! i-t b«* I .nsi ness of t he ni< u
I have seen t*?-«iav who say they c..i
km w
They
Y«»n can -c \
nun i.
»
j
j
1
'»rthat tin* fuml has i
'«•ry ii;.*i;re-,llv th«*v/'f
iti«*nil!
' !
, , !
renn me that tb<* *259,-,
. • ......in-imiii.i;'
i
j ^ "F* «Ä '
ii. ,!. ,,;, W,,,i !
£ certain titncV* 1 Ct ° *he aceiintn-s lor |
"lint will you not tell me in \v|*ju
«•urities the >259,oof» was placed?"
"No, sir, I won't; it's m»ti<> of
I
• MV : .... ....... . ...... ..... ............!
per
of
to
the
to
the
Mr.
to
laid
no
to
of
it
left the dinner table when th<. -, ' '
tative of the Mail and J&rnrc**
tbe electric bell at the outer dis
palace a few minutes after 7 hi.
which circumstance gave his J/'S
opportunity to glance at the r k
revealed through open door* «,,, 1 ^
side, while sitting in tS**
gant reception room which
the great drawing room
front of the mansion. F«m>ii u M . ' lb
monarch emerg«I from the din hi»'
on the Fifty-first street
full length portraits of himself'
inodore Vanderbilt ( n tin
I***?
911»? f
wall „■
vast apartment at tli«> «-mu,
strut turc. inti» whit h ail th«-.,ii
«»I
,%,p :»l.
limits of the first floor .-«• «u
anil inquired what in:«-r*»
sired of him. 'i
"Wlien will the miluav
"I can't tell you."
"is it true that the war i .
railways twuitv-fivc to thirtv - 'T fi: '
year?" '
"I can't tell you."
"Will you ilisist that fivi-iu
brought from t 'hicago to .\«. w y, ï"'
the same rates as to Maltimo»-;. -,,'s
aileiphia?" 11 i ^
"1 ean't teli von aiivthing • ,
railway war." ' 1 5l '
" Well, can yon teî! me whm w: (Sf | (1II
with the Genera] Grant fiiml
of which you gave *lo,ui?o?'' ' *'
"I don't know wiia 1 wa- wi! ,
it.^ it was given to the General.
'There wî« a rumor that
-.IV, 1
in 1 1,
vi stisl in securities which have mtL'iuj,
deprtviat«-«! in valu«*." •
"I know nothing about it. | IK>V ,
was toi«! how the money was inv,-j,.
said Mr. Yanderhilt. evidently -ariiri^i
to fiml there is doubt as to 'jj- j,. lv j
reach«<i the hand* <3 (J«u. (Jr.-, mi. '
A call was made at tin* re-i«|.'m.. „
Gen. Grant in Fast Sixiv-iliir.l
hut that gentleinan was to«» hu-v
xvii. Iu reply to a written ii!.'ui lv >
to whether there has bc«-n a -hriiikV-,
in tlu* securiths in whi«'h tlie i'iimi T"
$250,990 was invest«'«!, be .-« |i| ,» ow !
w«»re! : "1 do not know." An in, ,,- M '
as to whether he «»ul«! t< !l in wbài
ouritics tlie fuml was invested was« »|, H
sent t«» him, ami his repiv w.-.-. : -|
kn«*w nothingalKtiit it.'' \sk»«l wlrêib.
**r lie was sure ^ I lint was what 1 ii<* 4
era! said, the Kthi«»piau menial ivp!u,|
"Ihit am just what In* sa»«l. 'zm-tlv."
Al r. ( J«»ig«* Jones, the «*hi«*f stocklml«;.
er of the Time*, nrriv«*d at liis ofiiir
IHKHI «»ii I'uesilay, and a few mimih
later a young man arrived there win.
in«|iiired alN»ut the <5« n. Gram fun.i
Mr. Jones was short and <-ra t v. an.;
evidently thought an impiii-y aU»ut th,
X259,99jiaii impertiiu'in-c. j|e i-ef„ M .,j
to say in what securities the ui< u-'\ w.>
invested, hut re marked that ali «»»'*tli«*u :
were endorsed by ex-G«»v. Morgan. II.
denied that there has been a shiiakav
in th«*ir value, and deeiared that a «-om.
pl«'tc statement as to the fuml was mail,
several monthsag«>. —Mailami / ur ....
Jail. 12.
rue
a
«•
Conklin g and Edmunds as Orators.
A writer in the Augu-m. 4 Ja.. »
ich says: When Air. 4:<»uk!ina Ii t il
.*M*nate on«* « » t th«* really great «»rater- «>1
Ihe Re]»til»iie passed from that an na in
to i|uasi*retirem«-ut. lb- na- a ni.-i
formtdable debater. Is «-ait-c ,*i hi- cmii
nent attainments and ex|M*rieiicc. II.
had m* superior as an orator, bccra:*«-«.'
many gills «»f person amt « *itt ?!.«•».
Alauy «*»' his sp« e«-l»es «civ i«a; > ,|>ia.
aiul if was w«*nd«*rful. what* a • i .m —
there* was in Ids s«'l«*etioii ofw <>*«!-. v. it it
" Mal «I«*xtrous art he marsh i!« «I his ar
gmmnt-. Jiis -.-t spic«*hi-. liar:in;
uvuiuatic sunouiuliitg. w« :•* u..,iM '- «
Ill«*»r kill«!. A pi'o«l>"i«.-ii- u-rii.««rs.
wld.-b 4 J 1 : i 11 1 « t Ii:.* n «-all- * * t !, « • nv ; .-tu\ '«»!
. :*Tid
1 lit a
tin
• niai
\V;;
r
cioipivitce,"stood him iu g-«.*«»«|
the m«,st iutricat«'st.-:i *-«•».
as trijip iigiy f »•« -1 ; 1 hi , i< ic » .* ,
l!«»w«*rs «»! poeiry it !!.;• ;_la«i;
phiiis« s of iliciori«. ili- \«*i.
«ie«*p re.-«mailt, inti tiu ••;>:,»».
p«*r;e«'t «'«mtnd. 'l l. ! a-f
weil a
* tin
ii!«».
1
-t 1 :«i. m « ■ * :» ■ - » : i
a i'-it
f »<•!!«•!
at«t|
even
1
•: ■ k of
lln * a
ill c
rinre
w a>
it ti»i
-
e m 1 1
u!t i.- * .
U ii i
May 1
f*
vd si
; *
:.«( :»<•-.
• •• .. i
liven
Ui.tj
.-urn.
i !
. s • ..
at«!;. \.
i a1
ty th*:
! l!i:,t
!" I'S
ii *:
r«'i th.
- -i; it-*
ties- a
!»i *■:>
ut|(»r
*i
Id.«« ii:«*
iai. i !.. i
1 * 1i,*r
Hill . ;!
- .i'>t
i :
Y :
'
lie w."
—it,.
b «■<
«•tt » if:
l * ?
r !U pui
,!i.- Ii .."
bevoii
i ;?!:
t-tif;:
» ;!
>M. 1 • : 1
. «■• -
>?!;!»'!<.*!
•tie oj lîc :
lb
« * -re m
• iai**'' .
Hi
r* 1 m-nifu!
in»:n
1
Ik* 4'f:
in.' « ; •
. 1 i
unliHe
d g;.|
('H i
t a !
side.
,. >
m» on«
it* It
» hi
Ids
< V.
Ne\i t*>
't * 11 1 .
in
» ill i
• i,t i î : c . *
1 1: '
not *.n
«•te., i
clin-,
IS
il- 'grin. \ « .n.
:i. .'
Jlldg«- I ibniuud-, v. im «
e«piak d b\ bis ini. grii v
Ali*. Ik J 1 » ! u ii< i>
arm 1
I !,«
Mill'
j bilk llt.-.n anythiqg . !u
I admirebly ; i » ! « i ar--* ( j.
; niaiiM-.-r
ip;
.- ill.
! At n
'll
. Uli.il
j ward" tit
e I.i
is!, re
ra»!'.. 1 i
ft; :
« ,Mit:
{ w rire. 11 ,
•r juinit
.i .-lie
id r..i
j .".ml Kdn
am
ds w
• I* a lit
Mil !
lie ' n '
1 (,9bii.;iil
* w
In- dit! n«,i
' a l ! , i '
j N*»\, \«r.
ii,
lie
him:
ids *!.<
ini.
tin
1 oratui 1 »!
•pllbüe
aii ■
i
1
1
lif'
ont
«*lt *t j lit
tii'e
j
llt'W itlfii
In.
i\ tl<
> wt ea
Uliol
i - ty : *.
;
1 b.sii«-« - a
1 *■<
ib.it
1 '.e\
Will
: n . -*
fa-hion «t« the I».,-! ■»,!•» t*
f• U 0 SI 8 u Aid Lo thö Riirviv ); *;
Jeamiett«*.
W A.-IJ I N«: r;»\. .}:iit. J- -e. i.
Kr« -limrlMi,!-« ti t»as re «•« iwd di-i • <
fi'«*m iiodbiaii, cliaige it'atlhii-*
IVuTsburg. report in «g th«* nciimi •>:
1,1 >='•'"■ •!•••
ol* Ol Ilse .leannet ; «' . n r« <•« !J 1 «•!
I're -idi iit s ore*ers to make j»ro\ i- i<>u
tin* payiiK'iil of th«*
« 'Spell
• »! It.
ill
; * m
taiuiiig I lie rescued nitti and
Ihcni I<* the Unit «I Slat,.... lit. Ui,, - n I .«ti
a «'«»til'« rein-«* w iihGt m re,! Ignat i, ii w ;.<•
showed v« ry «itej» iutcre-t in : î .. 9 . ..*
jtln*«*rew. ilc bad alr«*atlv î .-I: ^ : d it •!
tlie Mb.-ri.-ili authorities re, ,iMirl, ; ?».
r«»s«-ii««I men with nioiicv at.'ls*i; ;-i <- * •'
e\er^ kimi ami f ; place 1 In imp* i mi! ■
<'grui»li at their dispo.-a!. Active 1 ,: ;
»••'*** have also I?* «11 taken for . .vre ii :?•:
!îîî! l 1 1 ht ' , r " x \ ihy missing boat. !!■•!!•
J, ."V'' 1 ' , 4 l,MIM ' ,r " r l, "'
<f , , J';' < einph. .-«» grei icu-lv
V<»r«l« t| to him, has h*h*grap|i,.,i M< i\ i'!*
tor stl«gg«*stio|is as It. tiu- best inell.i.d « '
in-titming a s ü,
a *i .-»leu < 11 - l ... ,,.1 I,,;
Är:
ohs^-v^
O* lit I re- l,t. a- the Ru- im: .
ment w.j* »I: nn. ( .., ; . n »ti-l.,*;-. -
incuts through naval anther:.!,
man lia- 2 • * *« « j « a »« rni.i! <*t*:.;iiii'.
* * (It.- Russian foreign nliii..... «
ident m tclegiani
.Ättj;-' '

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