The herald. [microfilm reel], December 19, 1894, Image 1

About The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900

Image provided by: University of California, Riverside; Riverside, CA

                
VOL. XLIII. NO. 69.
FKEE DOLLARS
FOR CHRISTMAS
For all the boys from 3 to z8 yaars.
From niw till Christmat, the boys get ONE DOLLAR on every purchase of
Suit or Overcoat of $5 00 or upwards.
OPEN EVENINGS UNTIL 9 O'CLOCK.
SATURDAY AND CHRISTMAS EVE. UNTIL 10 O'CLOCK.
Passing Underwear This Time.
MULLEN. BLUETT I CO.,
101 NORTH SPRING STREET.
201-203-205-207 &, 209 W. FIRST ST.
AMIiMEMKNTS.
NEXT MATINEE THIS EVENING
SUN DAY SUNDAY AND DURINu
EVENING. AT 2. THE vV E£K.
DIRECT FROM NEW YORK
p'ositiveLy 1 - The Ma y° s Trou P c
APPEAR. JBOWEN AND WALTERS
""CAI'OLi.O"
FOSTE R AND hVA N S
(i UN 2 A LAS SLSI'UnS '_
LAMONT BROTHERS
RUSSELL AND KYDEK
WAIID AMD MARTEN"
FOR THE HOLIDAYS
An Additional Big Specialty Aggregation
Prices, 10, 20, 25 and 50 cents.
AGRICULTURAL PARK.
SATURDAY, DEC. 22, 1894.
/n Opportunity of a Life-time to See
THE FASTEST HORSES IN THE WORLD!
ALIX, Queen of the Turf, KLAMATH, the Santa Ana flyer,
~ k. .... «, .ia: twh„. , v „ AZOTE and NIGH I iNGALfc, two of
To beat the World» Trotting Record (her Iv- # .« . I r v r .v.
* ,„.„, v the fastest free-for-allers from the
ownj of J.oj>i.
east,
ROBERT J, the King of Pacers, „ „_ Will go in a Free-for-all Trot.
FLYING JIB
To beat the World's Facing Record (hii Will go agalnat the fistest bicycle rider
own) of !i:01H. in Southern California.
Races itart at 1:30 P. M. Imperial Theater Band will furnish the music.
Admission to park FIFTY CENTS.
l_. "THORN El.
I AST
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WEDNESDAY EVENING
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The Herald
LOS ANGELES, WEDNESDAY MORNING. DECEMBER 19, 1894.
NEWS OF THE MORNING.
WB»th«r Human.
Report of obsermatlons taken at Los Angeles
December 18, 1894. [Note-Barometer reduced
o sea level.]
Time. Bar.
5:00 a. m. HO. 15
5 :00 p. m. 30. 14
Maximum temperature, 64.
Minimum temperature, 50.
Kainfall past 24 hours, traco.
Dally Itnll.tln.
United Stales Denartment of Agrlctiltnre
Weather' Bureau. Reports received at Los An
geles Dec. H. 1804. (Ibservations talten at ail
stations at 8 p.m., 75th meridian time:
Bar.
em. Max torn.
hoa Angeles 30.1
San Diego.. SfKl'
8. U OnispoiSO. 1'
Fresno 130. 1»
San Fran'no 30.0
Sacramento 30.1'
ked Bluff . 130.1
Eureka. .. 130.01
Kosebunr. 30.1
l'ortlaud...|30.1'
.ngetai ;io.
Mego.. 3f>.
64 |K
58 |E
61 8
02 IE
50 In
54 In
44 MV
54 ;sk
4I> INK
40 |8E
cloudy
Rain
,11
.11
Fnr»o«it for Southurn California*
Local rains tonight and prohab'y Wednes
day; nearly stationary temperature, except
slightly cooler on the northern coast; light to
fresh, generally easterly, winds.
LOS ANGELES.
The races to be held at the track on Satur
day: two world record holders, Alix and Fly
ing Jib, to take part.
A Native Son's first trip to the east and his
impressions of Chicago.
The Tramp Problem; a continuation of this
interesting symposium.
The Red Cross society; the part it is playing
In the Asiatic war.
The railways; the talk about a possible strike
not troubling the railway uflieials.
Joint meeting of the.council and board of
education—Superintendent fcearch wants more
school houses.
Police commission; saloon matters laid over.
In the Patterson assault to murder case the
mysterious Calville turns out not to be a myth.
Fire in the oil district; a blaze among the
Second street oil w lis causes excitement,
Childs opera house leased by Manager Walter
and wih be called the Orpheum.
George Smith arrested on the charge of com
plicity with Johnson and Thompson in the
Roscoe train lobbery.
Robert Ashworth only gets three years im
prisonment for killing Manuel Watson.
Ex-Street Superintendent Hutchinson sued
for an alleged deficiency of #4151.16.
Theological questions discussed at the Pre
niliennial conference at the First Baptist
eh men.
District Attorney Billon sues Tax Agent R.
F. House for alleged illegally collected fees to
the amount of #10,114.» H.
TELEGRAPH.
Fiendish work of a negro in Arkansas.
A Missouri woman kills her two children
and suicides.
John Cronin hanged for murder at Wether
ford, Conn.
Antonio Belli Belli murdered by an ex*con
vlct at Stockton.
Trainwrecker Worden, now In Folsom
prison, wants to confess.
Mrs. Elizabeth Bryan acquitted of murder at
Santa Rosa.
Storios of more Chinese atrocities at Port
Arthur.
How Li Hung Chang lost an opportunity to
be dictator of the empire.
Change in commanders in the army in Man
churia.
The Prussian diet will meet in January.
Senator Hill advocates reforms in congress.
Opening speech on Carlisle* currency bill;
opposition by Representative Walkor. Dis
cussion on the Nicaragua bill resumed in the
senate.
The railroad land grant forfeiture bill de
feated in committee.
Bland of Missouri has a currency bill on a
corn basis.
More trouble is threatened between miners
and operators in the Pittsburg district.
Debs and his colleagues will go to jail.
Hill and Gorman scored.
The executors of Mrs. Fair's estate have sued
San Francisco to recover tax money.
Financiers say Carlisle's currency plan
would precipitate a panic.
The Philbrook contempt case.
Captain Howgate pleaded not gui.ty to seven
indictments for embezzlement in the Wash
ington court.
NEIGHBORING PLACES.
Pasadena—The proposed tournament of
roses; New Year's bicycle races.
Pomona—A little boy kills a big wild cat.
Santa ana—An onerous license ordinance
passed by the council.
Santa Monica—Trustees take action on the
sewer question.
Redlands—Meeting of the Farmers' Institute.
POINTERS FOR TODAY.
Ctty Hali,—Council 10 a. m.
City Hall—Fire cominis-orxera 10 a. m.
I mf*mal~ Vaudeville.
First Baptist Church—Premillenial con
ference 10 a. m.
DIED.
CRITTHNDEN—On Sunday. Dec. ltftb, 1894,
at the family residence, 244 Bunkf>r Hill
avenue, Henry L. Crittendeu, aged 61.
Funeral from residence Tuesday morning at
11 o'clock. Burial private. [Detroit, Mich.,
and Toronto, Canada, papers please copy.
Rising Rivers.
Marctjse, Cal., Deo. 18.— The heavy
rain ia causing the Feather river to riae
slowly. No clanger ia anticipated.
Yuba, Cal., Dec. 18.—It has been
raining heavily here, bat no danger ia
anticipated from the rivere.
Order your suit early. H. A. Getz ia
crowded for fine tailoring at moderate
prices. 112 West Tbird atreet.
Wiokstrom & Peraon, tailora. Fit,
workmanship and goods guaranteed
first-class; prices moderate. Boom 1,
120' a 3. Spring street.
Hollenbeok Hotel Cafe, 214 Second
street. Oysters 50c a dozen, any style.
Grand masquerade ball at New Music
ball on Wednesday evening, 19th mat.,
for the benefit of the Children's Lyceum.
Good order maintained and no disreput
able persons admitted.
The new tariff on crude rubber has not
yet affected Off & Vaughn's prices on
hot water bottles and fountain syringes.
1 quart, 50 cents ; 2 quarts. 75 cent; 3
quarts, 85 cents; 4 quarts, tl.
Cashmere Bouquet soap 20 cents a
cake at Off & Vaughn's, corner Fourth
end Spring streets.
Florida oranges at Althouse Bros.'
Dr. Price's Cream Baking Powder
World's Pair Highest Medal and Diploma.
LI HUNG'S LOST CHANCE
He Could Have Been Dictator
of the Empire.
More Tales ot Atrocities by the
Chinese.
Cruelties That Would Shame an
Apache Indian.
Chance of Commanders of tha Army In
Manchuria—Chlnaaa Ships of War
Aro Not to fia Molested.
By the Associated Press.
Yokohama, Dec. 7. —[Per steamer Em
press of India to Victoria, B. C, Dec.
18. ]—A lingular and unexpected demon
stration of Chinese spirit was made
daring the attack on Port Arthur.
While the main body of General Oya
ma's army was devoting its energies to
this enterprise a considerable Chinese
force, estimated at 8000, was bnrriedly
sent to Koo Chow, a town on the west
ern coast of the Liao Tung peninsula,
with the design of surprising the small
garrison left in charge of Kin Chow.
The attempt was an utter failure. Al
though heavily outnumbered, the Jap
anese defenders repulsed tbe enemy
after a contest of three hours, before the
reinforcements sent by General Oyama
had time to arrive.
HORRIBLE ATROCITIES*
Correspondents of Japanese papers
tell ghastly and revolting stories of the
atrocities committed by the Chinese
whenever accident had thrown email
bodies of Japanese soldiers into their
power. Many ci thete tales are offi
cially corroborated with a minuteness of
detail which leaves no room for doubt as
to their authenticity. The mutilations
inflicted by Indian savages upon their
victims are not so horrible as some the
malignant ingenuity of the Chinese has
invented.
It is rumored that after witnessing
one of the most harrowing of these spec-
group of hideously disembowled
corpses exposed at the side of the road
leading to Port Arthur, numbers of the
conquering army threw aside all re
straint and showed no mercy to those of
tbe enemy whom they next encountered.
No authoritative confirmation of this
report has been given and none can
reasonably be expected, but it should
cause no surprise if evidence ware pro
duced that the patience of the Japanese
had at last given way under tbe provo
cations offered, and the perpetrators of
hundreds of unspeakable infamies bad
been taught for once that forbearance
is not a rule without exceptions,
THE ARMY IN MANCHURIA.
No news respecting tbe movements of
tbe first army in Manchuria has been
received this month, and the announce
ment of a sudden change of command
ers opens a new field of speculation as
to its future operations. General Yam
agata has resigned and is succeeded by
General Nozu, whose promotion from
the grade of lieutenant general is under
stood to be an appropriate reward for
his successful management of tbe Ping
Yang campaign. General Yamagata's
retirement is said to be caused by ill
ness.
The emperor has sent one of the sur
geons of bis household to attend the in
valid,who is sxpected to return to Japan
without delay. The winter cold is
already severely felt in Manchuria. At
Hong Whong the temperature averages
five degrees below zero. The Yalu river
is frozen over at Wiju and can be crossed
on horseback near Moukden.
IMMUNITY TO CHINESE WARSHIPS.
It it reported that orders have been
issued by Japanese marine authorities
that the Chinese ships of war are not to
be molested hereafter, except under cir
cumstances of absolute necessity. As
they are expected presently to form a
part of the Japanese navy, it is consid
ered desirable that tbey suffer as little
injury as possible in tbe interval. To
these instructions the immunity of the
Chen Yuen from attack may perhaps be
attributed. That vessel is now lying
beached at Wei Hai Wei, in a position
that might be reached without much
difficulty by the Japanese long range
guns, bnt thus far not a shot has been
fired at her. Her helpless condition is
owing to striking upon a rook as she waß
entering the harbor some weeks ago.
The belief is very freely expressed in
Shanghai that the occurrence was not
entirely accidental.
LI HUNG CHANG'S MISTAKE.
The attitnde of the Li family and of
the still powerful faction of which tbe
viceroy of Cbi Li is the center is re
garded with great interest. The con
viction is general that Li Hung Chang
saw a great opportunity open before
him two months ago, and if he had
chosen to act with promptness and en
ergy the destiny of China would now
be in his hands. But, as on a former
occasion, he wasted too much time in
weighing the chances and allowed tbe
enthusiasm of bis strongest supporters
to grow cold while he was making up
his mind to strike tbe decisive blow.
The Pei Ho at Tung Cbow might have
been his Rubicon, but he would cot ,
cross it when he could have done ao at
the head of a force sufficient to domin
ate the situation, and now he dares not
venture beyond his official quarters in
Tien Tsin. Although several times
summoned to the capital, tie ref jebb to
stir,- evidently fearing the intrigues of
his enemies, who are now in the ascend
ancy at court. Experienced observers
declare that if he had proclaimed him
self dictator at the first sign of the em
peror's hostility, the entire course of
events might have been greatly simpli
fied, and the worst of China's disgraces
averted.
A LOST OPPORTUNITY.
It would have been in bis power
either to maintain his counsel with im
plicit obedience, or to establish a new
dynasty and seat himself upon (he
throne. Either in the character of an
ambitions usurper or a sincere patriot
he would have found few obstacles to
the accomplishment of his ends. Un
til the inevitable hour of disintegration
arrives, the Chinese people ask for noth
ing but a government of reasonable
moderation, administered on lines with
which they are familiar and which they
can easily understand; while as tbe
pioneer of a reformer foreign policy no
ruler would be morn cordially welcomed
by tbe nations of Europe and Amerloa
tiian the aged statesman whose Instincts
have inclined toward progress and who,
almost alone among hie race, is willing
to open his country to the influences of
modern civilization. Notwithstanding
his failnre to assert himself at the pro
pitious moment, it is difficult for those
who know him to believe that he means
to be driven from tho political field
without a struggle.
Reports are prevalent in Tien Tsin
and Shanghai to the effect that he re
mains inactive in the expectation that,
when tbe uttermost depth of incom
petency has been sounded at l'ekin, bis
claim to the ascendancy will be indis
putable and will require no effort to
substantiate it. He has cortainly lost
none of his authority over the military
force which he personally oontrols and
which i™. strong enough to shield hi in
from immediate harm in spite of nom
inal degradation and threats of extreme
punishment.
A CARNIVAL OF CRIME.
FIENDISH WORK OF A NEGRO IN
ARKANSAS.
A Mother Kllla Her Children and Her
■ elf With a Kaior—Tin Fistol
Jn w Saloon. .
Little Rock, Dac. 18. —Polly Braden
baugh, the 13-year-old daughter of a re
spectable German resident of Conway,
was assaulted three miles from Plum
mersville Sunday evening about dark by
a negro supposed to be John Bowman.
She died at 10 o'clock Sunday night.
The victim of the outrage was very
amall for one of her age. Tbe ravisher
used a knife to make it possible to ac
complish his purpose. It is believed
the villain will be captured and burned
at the stake.
A MAD MOTHER'S DEED.
Cassvii.le, Mo., Dec. 18.—At Dry Hol
low Mill, six miles soath of this place,
in a lit of dospoudency, Mrs. William
Jones cut tbe tbroats of her 5 and
7-year-old children with a razor and
committed suicide in the same manner.
Two older children and a baby were un
harmed.
A BARROOM HOMICIDE.
Kansas City, Mo..Dec. 18. —IksCahn,
formerly a deputy constable in Justice
Barlo's court, was shoe and killed by
Foster Pollard during a quarrel in a
saloon late last night. Both are negroes.
Pollard was arrested. State Repreaen*
tative Charles Milman, who was present
and tried the roll of peacemaker, was
arrested na an accessory.
BURGLARS AT SACRAMENTO.
Sacramento, Deo. 18.—Last night
there was an epidemic of burglaries in
tbe eastern part of this city, no less
than eight places being visited. Seven
business houses received calls from
burglars. Burglars also stopped at the
house of a minister. Nothing of great
value was secured, however, from any
of the places. They stole bacon, gro
ceries, whisky and canned goods, and
carried the plunder off in a wagon,
BEATEN TO DEATH.
San Francisco, Deo. 18.—An unknown
man whose bruised and battered body
was found at Ninth and Harrison streets
was identified at tbe morgue this morn
ing as Robert McGregor, v pioneer of
California, who was formerly engaged
in the hotel business in several interior
towns, and who was lately employed as
a cook in the Alameda county hospital.
Death is supposed to have resulted from
a beating.
A Montana Man's Millions.
Boston, Dec. 18.—In the Suffolk pro
bate court the case of the estate of the
Andrew J. I'avis, who died at Butte,
Mont., in 1890, leaving an estate of be
tween $1,000,000 and $4,000,000, part of
which, rising $1,000,000, is now in this
commonwealth and held by R. M.
Morse of Boston, and Gideon Wells of
Springfield, as'special administrators,
was continued until February Bth.
There is cow pending in the courts of
Montana a suit in which an effort is
being made to setup what is alleged to
be the will of the-deoea sad.
To Treat With Indians.
Denver, Deo. 18.—Colonel 8. Bcott of
Alabama and Captain William S. Davis
of Arkansas, members of the commis
sion to treat with the Uncompabgre
and Uintah tribes of Ute Indians and
allot their lands in severalty, left this
city today for Fort Bueheus, and will
be joined probably at Ouray by Tim
othy A. Byrnes of Atlantic City, N. J.,
the third member of the commission.
The secretary of the commission, Col.
T. B. Edlin of Maryland, accompanies
them.
The Burned Mine.
Seattle, Wash., Dec. 18.—The whole
New Castle coal mine appears to be on
tire, and it is feared that the whole
mine will become a wreck, involving a
loss of $500,000 to the Oregon Improve
ment oompany.
Coal creek is pouring into it, but it
will take several weeks to thoroughly
flood it, and when the fire is ex
tinguished it will take four or five
months to pump it out. About 250 men
are made idle.
Terrible Fata of Rnnaway Boys.
Virginia City, Nev., Deo. 18.—It is
reported here that tbe three young
tramps who were killed recently while
asleep on tbe railroad track near Eimi
ra, Cal., were runaways from Virginia
City, named Fell, Garvin and Whalin.
An American Consul Dying.
El Paso, Texas, Dec. 18.—Theodore
Houston, United States consul at Juarez,
Mexico, is very ill and is not expected
to live through tbe night.
TWELVE PAGES.
A DAY OF TALK.
Turpie Continues His De
nunication of the Nica
ragua Canal.
HILL ON THE CLOTURE.
Springer Opens Debate on Car
lisle's Currency Bill
in the House,
WALKER IN OPPOSITION.
Bland Hal • Ooln Snbatltnt. -Tho Ball
ro»d Land Grant Forfeiture
BUI O.fcat.d.
By the Asjoclatad Press.
Washington, Dee. 18.—In the senate
today Mr. Hill said: "The sentiment
of tbe country manifested through the
presß, the rostrum and other avenues
through which public opinion is usually
communicated, seems to deeire the
adoption of some now methods'of pro
cedure here whereby necessary legisla
tion may be facilitated; the sessions of
congress may be materialy shortened
and the best interests of the country, so
interwoven with or largely affected by
congressional action, may be more cer
tainly preserved in their normal condi
tion. Demand for a change is not
limited by any party environments; it
is not sought merely to secure partisan
advantages; it does not challenge either
the patriotism or the integrity of the
Benate itself, but it reflects the deep con
viotion that time is unnecessarily
wasted; that useful legislation is at
times unreasonably restricted.
A LESSON OF THE TARIFF DEBATE.
"I assert that the privilege of unlim •
itsd debate in a legislative body is incon
sistent with and destructive of the right
Senator David /?. Hill,
and power of organization. Such a con
dition of affaire naturally forces com
promises and concessions of doubtful
propriety as a oondition of any legisla
tion being permitted. It is an open
secret, or at least it is largely believed,
that during the recent tariff debate many
concessions were made and amendments
accepted to the bill for the very purpose
of avoiding interminable debate which
was threatened by and proposed by some
of the minority. It is believed that the
present affords an opportnnlty for the
accomplishment of the proposed inno
vation, especially when there is not
pending in the senate any general po
litical measure npon which unusual in
terest is centered and demanding pro
tracted discussions. It is wise to an
ticipate the future and folly to shut our
eyes to the signs of the times.
ADVICK TO REPUBLICANS.
"It is as certain as anything in politi
cal affairs can be, if our Republican
friends obtain control of this body and
desire to enact important legislation to
carry out their principles, they will
boldly amend the rules to enable them
to do it promptly, and their reluctance
to join with us now in framing reason
able rules to regulate debate, leads to
tbe suspicion tbat they intend some
thing altogether more radical and sweep
ing than anything we have supposed.
The path of safety lies in moderate and
conservative action now while the op
portunity remains to use the time by
satisfying the demands of the people,
who have become impatient at our de
lays and disgusted at onr inability to act
promptly at critical points.
ENTITLED TO CONSIDERATION.
"Besides, there is another view of our
duty whioh presents itself, and which
ought not to be ignored. The president,
in his report, has seen fit to recommend
certain legislation pertaining to tbe
tariff—a few material modifications of
tbe existing law. I believe that these
recommendations are entitled to consid
eration. But a spirit of lethergy seems
to have crept over this body, creating
the general impression that nothing is
to be enacted at this session of a politi
cal nature, or at least nothing to which
tbe minority does not consent. lam
strenuously opposed to any suoh policy
of inaction."
The senator also argued in favor of
counting a quorum and closed by de
claring tbat tbe no silly cry of "gag
law" should prevent amendment to the
rule.
ROUTINE BUSINESS.
One of.the first acta of the senate to
day was to pass an appropriation bill of
PRICE FIVE CENTS.
1100,000 for public printing, Chairman
Cockrell of the appropriations commit
tee saying it was absolutely necessary,
or public printing would come to a stop
this evening.
Dolpb, in reporting adversely the gen
eral land grant forfeiture bill, expressed
the belief that congress had not power
to forfeit these lands, but right to them
was vested in railroads. Even if con
gress had power to forfeit them it would
be unjust and inequitable to the railroad
companies.
Berry of Arkansas said the majority
in the committee for reporting the bill
adversely was but one; five members,
including himself, had voted for its pas
sage. In order to get the bill on tbe
calendar one member had changed his
vote and had consented to the adverse
report for that purpose. He deolared
the senate ought to pasß the bill, and
said the railroads were not entitled to
one foot of the land.
On motion of Corey of Wyoming, the
senate passed a bill to perfect title to
tbe townsite of Yuma, Cal.
Gallicger, of New Hampshire, present
ed a resoluting inviting the annexation
of Canada. Gallingor said it was written
by Strong, an advocate of a continental
union, and a member for nine years of
the dominion parliament and now con
nected with a New York paper. He
asked reference of the resolution to the
committee on foreign tffairs.
Lodge introduced a resolution calling
on the president for correspondence in
the extradition case of General Ezeta
and asked for its present consideration,
but Gray, Democrat, objected.
Harris gave notice be would cell up
some Shiloh park bill tomorrow, and
Turpie resumed his speech on the Nic
aragua bill.
THE CURRENCY BILL.
Springer Hakes th.» Opening Spueoh In
the House.
Washington, Doc. 18.—Notwithstand
ing the (act that debate on the currency
bill was the schedule begun in the house
today, less than 100 members were pres
ent when Speaker Crisp dropped tbe ga
vel. The committee on rules bed pre
pared a special order nnder which the
house should operata, but had decided,
in view of Demooratio opposition to the
measure, not to offer if at present, but
allow Springer to call up the bill by vir
tue of its privilege immediately after
the call of committees for reports.
Therefore the chairman of the banking
and currency committee moved that the
house go into committee of the whole
for the consideration of the measure.
The motion prevailed withont any dis
cussion and Richardson of Tennessee
took the chair.
Walker of Massachusetts, in charge of
the opposition to the measure, gave no
tice that at the proper time he would
offer a substitute. Springer, before en
tering upon his argument, asked that
general debate be considered closed Sat
urday next, when a holiday recess is to
be taken. Walker protested against any
arrangement at this time. Ha said he
felt convinced that no member would
discuss this measure in other than a
serious vein. Attempts to reach an
agreement having failed, Mr. Spring. :
delivered the opening speech in favor of
the currency hill.
importance of the measure.
The great importance of tbe pending
measure, he said, could not be mors
effectively emphasized than by referring
to the report of the comptroller of the
currency, which Bhowed that last year
there were 8,000,000 depositors in na
tional banks having a capital stock ag
gregating $1,060,000,000. Their deposits
amounted to $4,220,000,000.
Mr. Springer deolared that the com
mittee had given the subjeot the most
careful consideration. It had carefully
examined the recommendations of tbe
president and the secretary of the treas
ury, bad called before it some of the
financial men of the country and the
result had been the presentation of the
pending measure me a msssure of finam
cial reform. He did not pretend to say
the bills presented the views of individ
ual members of the committee. It was)
a compromise, and as such harmonized
fairly with the views of all. Mr.
Springer then proceeded to detail the
scheme of the bill, repeating much in
his speech which had already been
printed.
Mr. Sickles, Demoorat, of New York,
interrnpted Mr. Springer to ask him
how he reconciled the second and fifth
sections of the bill. The second pro
vided that the note holder should have
a first lien on the assets of a bank issu
ing them; tbe fifth gave the association
of bankers contributing to the safety
fund a first lien on tbe assets.
Mr. Springer replied that tbe proposed
aat gave the bill holders tbe first lien on
theassests; the banking association the
first iien on the "remaining assets."
''The word 'remaining' is not in the
fifth section," said Mr. Sickles.
"That will be the efface of the law,"
remarked Mr. Springer.
"It is not a law yet," replied Mr.
Sickles; "you must vote it through
first."
A slight admission.
Mr. Springer finally admitted that tha
word "remaining" should have been in
corporated in the fifth section, and said
this was one of tbe Blight defects of the
bill that could be easily corrected.
"In case of a panic, if half the banks
in this proposed system should fail,"
inquired Mr. Mahon, Republican of
Pennsylvania, "would the other be as
sessed to redeem the failed banks'
notes?"
"Certainly."
"That is, the solvent banks would be
bankrupted to aid the insolvent?"
"There would be no such result," re
plied Mr. Springer. "If all the banks
should fall under this system, the nots
holders would be secure."
In answer to an inquiry by Mr. Simp
son, Populist of Kansas, Mr. Springei
said that as far as the retirement of tha
legal tenders was concerned, for every
dollar deposited in the treasury by tbe
banks, $2 in circulating notes would bs
found.
A CHARGE OF INCONSISTENCY.
While Mr. Springer was discussing
the provision looking to the ultimate
redemption and retirement of the legal
tenders, emphasizing the necessity for
this by pointing out that the treasury
had within the year twice been forced
to issue bonds to protect the redemp
tion, Mr. Cannon, Republican, of lili