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Don't n ot use The Herald columns. Get Results It Is a Winner VOL. XLV. NO. 71 VENEZUELA'S BOUNDARY Will be Determined by U. S. Commissioners IDE SENATE 8«8 VOTE Confers on Ihe President Power to Make Appointments NOTABLE SPEECHES MADS By Men Who Chose Exalted Patriotism for Their Them: The World Must know Thai the American People are In Earnest President Cleveland Sends to the Senate a Special Message on financial natters Asking Such Prompt Aid as Only Congress Can 01% c Associated I'ress Special Wire. Washington, Dec. 20.—The United States senate by unanimous vote and with out the formality of a roll call, today passed the bill already adopted by the bouse of representatives empowering the president to appoint a commission to de termine the Venezuela-British Guiana boundary. This action was the culmination of a de bate adding a memorable page to congres sional history. It was a day of notable speeches by notable men. The subject of war between the United States and Great Britain was the prevailing theme which found expression in lofty patriotic senti ments, in stirring appeals for preparation and defense, in graphic portrayals of the horrors of war, and at times, in dcllant warnings to the people across the water. The blind chaplain of the senate, Key. Dr. Milburn. at tho opening of the senate proceedings, spoke of the Venezuelan reso lution pending and the debate about to bo rendered. His direct reference to the horrors of war and the invocation against tlie shedding of blood between the two great nations were followed with breathless attention by the crowded galleries and with noticeable attentiou and respect by the senators. The senate directed that the invocation l>e spread at length on the record—an un usual mark of respect. A resolution was agreed to asking the postmaster-gonoral for information aa to alleged practice of fining postal employes. Mr. Mitchell, Republican, of Oregon, in-' troJuced a wool tariff bill and gave notice that he would move to incorporate it in any tariff measure coining from the finance committee. The resolution from Mr. Peffer directing tlie interstate commerce commission to in <iuire into the recent traffic agreement be tween various railway lines was agreed to. The resolution of Mr. Allen, Populist, of Nebraska, for tho coinage of silver tc meet the requirements of war, came ovei from yesterday, and Mr. Allen spoke upon it* in a facetious vein. He read with run ning comment Mr. Chandler's bill "to in crease the armament of the United states.' He referred also to the belligerency of the bills presented by Mr. Hale, Republican of .Maine, to increase the navy, and by Mr I 'avis, Republican, of Minnesota, inquiring as to British aggression iv Alaska. Ths Monroe doctrine was put forward by tlu president as though it had never been heard of before. In the judgment, of Mr. Allen the president recognized that, having lost the confidence of the American people it was desirable to adopt this means to re ■tore to some extent the respect and confi dence of the people. He urged, as a mess lire of financial safety, that the free coin age of gold and silver ou equal terms l» considered by the finance committee. Mr. i'latt moved the reference of the res olution to the committee. The motion wat defeated, the . detailed vote being as fof lows: Yeas—Allison, Brice, Burrows, Caffery Cameron, Chandler, Gallinger, Gorman Hale, Hawley, Lodge, McMillan, Martin Mills, Mitchell of Wisconsin, Morrill Piatt, Proctor, Quay, Sewell, Sherman (Smith, Thurston, vVetmore—l24. Nays—Allen, Bacon, Baker, Bate, Berry, Blackburn, Butler, Call, Carter, Chilton, Clark, Cockrell, Dubois, Gibson, Harris, Jones of Arkansas,. I ones of N.ivada, Kyle, Mantle, Mitchell of Oregon, Morgan, Nel son, Pasco, Peffer, Perkins, Pettigrew, Pritchard, Roach. Stewart, Teiler.Tillman, Vest, Voorhees, Walthall, Warren, Wil •on—Mti. The resolution was then agreed to with out division. Mr. Piatt sought to have struck out the Warlike preamble. Air. Allen consented to have this struck out. The resolution as finally agreed to is as follows: 'I hat the committee on li nance be, and |t is hereby directed and instructed to in quire aud report, by bill or otherwise, whether it would not be expedient ami proper for the government of the United States of America at this time to open Its mints to the free and unlimited coinage of gold and silver at tbe ratio of 10 to 1, •ml in addition to issue an adequate issue of full legal tender treasury notes in the tame manner as such notes have hereto fore been issued; and, in the interest of national safety, withdraw the issue power of national banks and retire all bank cur rency. This cleared the way for a renewal of tho direct consideration of the Venezuelan bill. Mr. Morgan presented and briefly ex plained the amended bill. Mr. Piatt urged that the house resolution be adopted without change. He deprecated the talk of war; the American people did not seek war, nor would they, if need be, •void any responsibility. But the condi tions did no warrant heated talk of hostili ties. Iv referring to the committee amend ments Mr. Piatt said: "Any amendment will be construed in England as a refusal by the senate to uphold the president. There should be nothing done to allow this faise impression to get abroad. The idea seems to prevail in England that the entire matter is a part of American political cam paigning. It is most important that the British authorities and people have their minds disabused of this error. The American people were never more in earnest since the breaking out of the revo lution than they are today." Mr. Sherman followed Mr. Piatt, repeat ing his declaration of yesterday, that he could not see the necessity for haste in the matter. Tho controversy was an riltoi—l one and it was only recently tliat the United States had taken cognizance of the question. The president's message invites no haste. The American people need no special incitement to their interest iv up holding the Monroe doctrine. He said that while he had insisted upon preventing European encroachment upon American soil, we had ourselves disregarded the doc trine in the case of Mexico in taking pos session of Texas and California. As a matter of fact Ihe doctrine had never heen applied in any specific case. England, he said, is taking a very grave view of this matter. "1 am firmly convinced.'' he said, "that this controversy will be settled by England and Venezuela, and lhat not a tlrop of American blood will be shed in its adjust mailt." Mr. Sherman proceeded to argue earnestly for tho adoption of the amend ments suggested by the committee on for eign relations. He regretted that there should be an attempt to pass this bill under the stress of excitement, especially as that excitement was not founded on actual danger. He counselled deliberation and deprecated undue and eager haste as unbecoming to the dignity of the senate. Mr. Mills I Democrat, Texas) who noxt took the floor, thought that throughout the discussion the senate had overlooked the most important consideration. Mr. Allen, he said, had announced lhat money was the essential element in Ihe successful prosecution of war. Ho agreed with him. It might be possible, he said, that if the mints were thrown open and tits printing presses were started, the people might have more money in their rockets, but when we propose to go to war with the greatest nation on earth, the question of whore our revenues wore to come from was confessedly a vital matter. To engage in war was not child's play. The strength of the enemy was not to be Underestimated, With Senator Sherman, he said, his voice was for peace, but it must be honorable and consistent peace. Today the Cnited States and (treat Hritain stood face to face. They had tried to reach an agreement and had failed. The president had said we should insist upon I our position and resist England with all our power. "We are standing on the brink" of "bat tle," said he, "and prudence requires that we should look fo our strong box." Ho pointed out the vast differences be tween our resources and obligations now and during the civil war. Then, said he, we did not have a burden of $180,000,000 of pensions to carry, and wo had as a source of revenue an income tax of un questioned legality and taxes on domestic manufactures. Tne latter had been re pealed. The former had been swept away by a decision of the supreme court. Prac tically, the ouly source left was the cus toms duties on imports. But where were the imports to come from if Ihe States wore to war with the mistress of the sea. "And now, standing on the edge of this Conflict, the country is without the means of taxation to raise" the revenue essential for such a vast undertaking,'' he declared. The senator demanded, before we plunge into this conflict, that this congress adopt a constitutional amendment, to be at once submitted to the legislatures, for the tax ation of real and personal property. The American people would never tolerate such a law under ordinary circumstances, but when the American honor and tho Ameri can dignity were at stake the people are always ready to shoulder the burden essen . tial to carry forward any conllict that may 1 come. Mr. Lodge i Hep., Mass. i said ho would not offer his amendment, heretofore pro , posed, limiting the inquiry ts April Ist ; next. He said he regarded it essential that I there should be no division on this subject. , The senate, the house and the president' ! should stand together. They should show Ito the world that we are as firm ax ada | main. The assertions made in London j that tl is was only an electioneering dodge , should be answered by united and definite action which would leave tho subject be yond the possibility of misconstruction. "We should say to those people in Lon don," proceeded Mr. Lodge, "that the j American people can not be dismayed or [ diverted by the efforts to cause a scare by selling American stocks, calling American I loans and endeavoring to causa a panic in j Wall street." There was hearty applause from the gal leries as Mr. Lodge closed, j Mr. Stewart pointed out the constant en | croachmcnts of Great Hritain in Venezu ela, Nicaragua und various points in the ! western world. The senator did not be | lieve war would come, but if it did the I country would uphold every step the presi ! dent might take in supporting the Monroe ! tint trine. | Again the galleries broke out with ap plause. Mr. White (Dem.) of California, urged | that the president be left unhampered in the selection of the commission. The sen j ator did not believe the warcloud was as I ominous as it appeared to some senators. ! He could not think that a solution was im- I possible, consistent with the dignity of the | two nad.his. I Mr. Mitchell (Rep.) of Oregon, inn brief I colloquy with Mr. White, took occasion to I state what he believed to be the correct in -1 terpretation of the Monroe doctrine, j namely, that no European power should be I permitted to acquire one foot of soil in ad j dition to what they now own in the west- I crn hemisphere. j Mr. CatTery. Democrat of Louisiana, fol i lowed in a slow and measured speech, I which was listened to with great attention. "It is because I think war imminent," he said, "if the contentions of either side are strenuously pressed, that I hope for con servative action by the senate. Should war come, on the senate and house of rep resentatives must rest t'>c responsibility, for congress is invested solely with tho war making power. "Why should there be haste?" asked the senator, "in determining our course on suoli a momentous issue? Was our com merce hampered or our snips delayed? Or is there any condition which calls for hasty action?" The senator urged calm and dispassion ate consideration of the case. He had some knowledge of the horrors of war and ho could not view without the deepest ap ! prehension a course which might bring war !to this country. The very appointment of I this commission seemed to him a warlike ! step. It was, he believed, a very extreme t application of the Monroe doctrine which made the United States fix the boundaries between a European and a South Ameri can government. -He believed the people of the United States would respond to a call to arms and furnish adequate revenue for the prosecution of warwitn the greatest nation on earth. It is said that there was no danger of war. He did not share this opinion, but he hoped they were correct. Mr. Chandler followed Mr. Calf cry in a speech replete with keen sarcasm, but unequivocal in its advocacy of immediate action. Yesterday, he said, he thought it would be wise to amend the bill; today he did not think so. Now he thought it of the highest national importance that the bill should be passed as it came from the house. After all, the amendments pro posed were not of importance. Mr. Chandler then delivered a glowing eulogy on the patriotism and Americanism of the president. But this was not with out its sting when he referred to Mr. Cleve land as inspired by the genius of Massa chusetts in tlie person of the secretary of state. He appealed to both aides of the chamber not to allow any question of party advance to stand in the way of hearty support of the executive. He said the sen ate should thank God that Mr. Cleveland had divorced politics from foreign affairs. "I understand," Mr. Chandler proceeded, sarcastically, "that stocks have gone down today; that Wall street is agitated because • Democrat hie president deeiwsj to fnntniu THE HERALD LOS ANGELES, SATURDAY MORNING-. DECEMBER 21, 1895.-TEN PAGES. the honor of his country and is upheld b\ a Republican congress. If stocks have gone down, I have no doubt that they are | etg*ks that deserve to go down. I do not thifik we should he intimidated by these foreign capitalists who are pounding the stock board." Hethen read from a cable lo a New York paper an account of a meeting of English capitalists who were described as being about ready to throw their American secu rities on the market. "Alas," he said, "has it come to this'? Here is a president who has done more for English interests than any other president who ever sat in the White house, and >et today, because be stands llrm for Ameri can honor, he has fallen so low in the esti mation of Englishmen that there are now none to do him reverence." "Was Rothschild at the meeting. in quired Mr. Allen. "Oh." replied Mr. Chandler contempt n ously,"this is the same old game. This cable is the report of a meeting in London which pretended to be private, but was also intended to be public. Il war. intend ed tti frighten Wall street and array tlie stock brokers and holders ou the sidaof peace." "Don't you think it would be a wise move, then," asked Mr. Allen, "to go ahead and force England to surrender the American securities she holds'.' We would then be independent of her financially.'' "Oh, yeß," replied Mr. Chandler, "I am willing to accomplish our financial inde pendence of England and afterwards our industrial Independence. But one. thing at a time. This meeting in London was part of a conspiracy to alarm our people in the belie) lhat American stockholders would check those insane enough to de fend our national honor, therefore, at this meeting, not 1, who was rash enough a month ago to predict that this contro versy would have to be s . tiled in twenty years, but tho president, that idol of aris tocrats and capitalists of Great Britain, is described as insane." Just as Mr. Chandler concluded, Mr. Tillman of South Carolina made his en trance into Ihe senatorial arena for the first time. He appearetl anxious to cross swords with Mr. Chandler, anil that gen tleman, although at first reluctant, finally acquiesced. 'the incident caused considerable amuse ment. Mr. Tillman wanted to know whether, if Mr. Chandler were convinced that the passage of this bill would result in the extinction of the gold reserve and the establishment of the silver standard of the United States, he would vote for it. "The senator from South Carolina," re plied Mr. Chandler smilingly but evasively, "like his other Populistie associates, is dis posed to mix up a I questions." "I am not a Populist," shouted Mr. Till man. "Then what are you ?" queried Mr. Chandler. "I am a Democrat, if there are any Democrats," replied Mr. Tillman. "I am a follower of Thomas Jefferson, Calhoun and Lincoln," The reference to Lincoln provoked a laugh, and Mr. Chandler ejaculated, as he looked around the senate, "I guess we are all Democrats then." "Answer my question," persisted Mr. Tillman. "Would you vote for the resolu tion." "1 would," Mr. Tillman added with a shako of his hand. "O," replied Mr. Chandler, "yes, I will vote for it; I will vole for any sacrifice save the absurdity of the senator from Ne braska, (Mr. Allen) to sustain the national honor." Mr. Turpie ( Detn. Inch) spike in behalf of the foreign relations committee's amendment, tie said they were framed to make, more potent this pro'est against European aggression ou the South Ameri can continent. "When we pass this bill," declared he, "we make the Venezuela boundary our affair. We cross the Rubicon. We desig nate a boundary line and say that it is to be the line." Mr. Turpie asserted that our guardian ship of the southern republics was im perative. It was an obligation imposed upon us by unyielding conditions. Mr. ('all ( Democrat. Florida) spoke of the embarrassments of congress in case the proposed committee reported in favor of the British contention. He urged that the demand of the hour was for firm and dignified actiou. not for a discussion of war. Mr. Teller (Republican, Colorado) said he regretted that the president had not himself taken action without awaiting the operations of a commission. As the presi dent desired a commission he should be left to name its members. But Mr. Teller said he did not regard war as imminent. He was not frightened by the fall of stocks in London or the drop of railroad stocks in this country. This would uot affect wheat or cotton. It applied only to railway speculators. The American people should not be diverted from maintaining what they believed to be right by any question of money. At all times during the four hours of dis, i cussiou the galleries were besieged with an eager crowd, whose patriotic impulses found frequent expressions in applause, which the presiding officer sought vain'y I to suppress. All shades of political senti- i meut were represented, and yet in the I main the speeches were uniform in urging the support of the president, vigorous as sertions of the Monroe doctrine if need be, any acil in essential to maintain the national dignity. There were strong expressions also against the panic in American stocks and securities, which, it was said, tho London commercial houses were seeking to brin< about. Throughout the debate there was an imdercu:iont of feeling that, while the country would not shrink from war if it must come, yet the calamity was not imminent. Mr. Chandler moved to lay on the table the umendemet of tne committee reported by Mr. Morgan This was adopted by a viva voce vote, and with but a few dissent ing votes. Thus, unexpectedly, the original house bill remained before the senate without amendment. Mr. Harris, who was in the chair, lost no time in expediting a vote. Without delay he put the question, although Mr, Cattery was about to offar an amendment. Ttiere was a loud response of "ayes" and no an swer to call of "nay." The presiding officer declared the bill passed. A moment later, when the full significance of what hail been done swept through the galleries, there was a wave of applause which promised to shake tbp senate chamber, until Mr. Harris, rapping with the gavel, sternly warned the specta tors against demonstrations. The passage of the hill was not, how ever, the only exciting event of the day,for at 4:110 oclock the president's message urging the gravity of the financial situa tion and calling on congress not to adjourn for the holidays until relief was afforded, was presented to the senate. THE MESSAGE financial Situation Leads the President lo Ask Immediate Action Wasiiinoton, Dec. 20.- Following is the message sent to congress by Preside!, t Cleveland today: In my last annual message the evils of our present financial system were plainly pointed out, and the causes and means of the depletion of the government's gold were explained. It was therein stated that after all tbe efforts that had been made by the executive branch of the government to protect our gold reserve by the issuance of bonds, amounting to more than $162, --000,000, such reserve then amounted to but little more than $79,000,000; that about $16,050,000 had been withdrawn from the reserve during the month next previous to the date of that message and quite large withdrawals for shipment pi Use iaasaoaiase Infra wane pcedieted. Tbe contingency then feared has reached us, aba the withdrawal of gold since the com munication referred to and others that ap liear inevitable threaten such depletion in our government gold reserve as bring us face to face with the necessity for further action for its pro'ectioti. Tips condition iB [ intensified by the prevalence in t erliin quarters of sudden and unusual apprehen sion and timidny iv business circles. We are in lite midst of another season of perplexity caused by our dangerous and fatuous financial operations, these might be expected lo recur with certainty as iong as there is no amendment in our financial system. If in this particular in stance our predicament is at ad influ enced by lecent inslitance upon a position wo should occupy in our lelation to certain questions .oncoming our foreign policy, this furnishes s'gnal and impressive warn ing that even the patriotic sentiment of our people is not an adequate substitute for a sound financial policy, nf course there can be no doubt in any thoughtful mind as to tiie complete sol vency of oir nation, nor can there he any just apprehension that American people will be satisfied with less than an honest payment of our public obligations in the recogni/ed money of tlie world. We should not overlook' the fact, how ever, that aroused tear is unreasoning and must be taken In account in all efforts to avert public !o?s ;>nd sacrifice our people's interest. The real and seheibje cure for our reci'-ring troubles can only be effected by complete change in our financial scheme. Pending lhat, the executive branch of the government w ill not relax its efforts nor abandon its determination to use every means within its teach to maintain before the world the American credit; nor will there be any hesitation in exhibiting its confidence in the resources of our country and the constant patriotism of our people. In view, however, of the peculiar situa tion now confronting v- I have ventured to herein express my earned hope that congress, in default of the inauguration of a better system of finance, will not take a recess from its labors before it has, by leg islative enactment or declaration, done something not only to remind those appre hensive among our people that the re sources of this government and its scrupu lous regard for honest dealing afford s ire guarantee of unquestioned safety and soundness, but to reassure the world that with these factors and the patriotism of our citizens the ability and determination of our nation to meet in any circumstances every obligation it ii curs does not admit of question. I ask at the hands of con gress such prompt aid as it alone has power to give, to prevent, in time of fear and apprehension, any sacrifice of the people's interests and public funds for the impairment of our public credit in its effort, by executive action, to relieve the dangers of the present contingency. (IRO V K R ('I.X V XI.AX 0. Executive Mansion. December lit), 1805. The reading was followed with close at tention, but the senators, absorbed with the stirring events of the debate, were ready to adj iurn without immediate con sideration of the message, and the senate adjourned till tomorrow on motion of Sen ator Cockrell. c The house resolution for the holiday re ess was amended in the senate so as to ; provide for adjournment from tomorrow until January oth. This proceeding was accompanied by an explanation from the Democratic side of the chamber that it would be impossible for them o complete their committee arrangements even if the senate did rem.tin in session until Tuesday next. Tho senate iv executive session made the following confirmations: Postmaster — John R, Matihews, Los Angeles. Cal. Also Frank A. Bran gan of Oaio to be chief oi tho bureau of accounts in the department of state of the United States. IN THE HOUSE A Perfunctory Session Adlourned Pending the Senate's Action Washington, Dec. 20.—Tha session of the house today was purely a perfunctory affair. The speaker was not ready to an nounce the committees and the house was ready to adjourn for the holiday recess, but the fact that the senate had not yet acted on the bill for the appointment of the Venezuelan commission forced the house, after waiting an hour and a half for the senate to act. to agjourn until tomorrow. The only business transacted was the pass age of a bill for changing terms of United States courts in lowa and tho presentation of ano ice of contest against Hopresenta tive Johns of Virginia, on the ground of fraud. FINANCIAL FLURRIES Wall Street Presents Scenes fluch Resemb ling a Panic New York, Deo. 20.- This was a day of excitement on Wall street and matters for a time bore the resemblance of a panic. But this condition of affairs had not been unexpected and in a measure the dealers had prepared thcmsslvea. Uefore the opening of business on the stock exchange it was announced that $3,400,000 in gold would be sent out of the country and later in ihe day the export of 1t!00,000 was an nounced. This, to/ether with the cable advices from London announcing extensive sales of American securities and the tenor of the war news from all quarters was re sponsible for the general feeling of un easiness that prey tiled, even early in the day. The spirit of the market was to sell and in the big exchanges this was done to an extent rarely before surpassed. In this stock exchange tlie sales for the day were 775,700 shares. New York Central, St. Paul, L'Hiisvdle antl Nashville, Wabash, Missouri, Kansas and Texas preferred, Hauding, Atchison, Illinois Central and f*Snudian Pacific were the principal suffer ers by the international listing. As a result of the decline in stocks the failure of a number of firms was an nounced on the exchange as follows: Nich olas bVoihingham & Co., Samuel S. Sands A Co., I). Neufville & Co. and A. Feldman. With the fall in prices the banks called in all their loans, thus adding to the com plications of the situation. .Much money was loaned at very high in terest to carry stocks, and in many in stances renewals would be made under no conditions whatever. As the selling move ment continued right up to the closing hour, with sligat aud but momentary re action, the effect was demoralizing in the extreme. Money was loaned on call late in the afternoon at as high as 80 per cent, and most loans were marked up to 15 per cent by iho banks. Frederick D. Tappen, president of the Gallatin National bank, chairman of the clearing house committee during the last panic, said today that at the present time the New York banks are all right and are ready to face any emergency that may arise. He added that the surplus reserve amounted to $20,000,000. and that, there fore, there was no cause for alarm on the score of money. Mr. Tappen pointed out, I however, that while these conditions now prevail, the situation is still a serious one, taough likely to bo allayed soon. The rumor that the United States is endeavor ing to secure a loan of $50,000,000 on the continent is ridiculed generally. Addison (Jammack, the veteran operator, "aid today: ''The stock market seems to I idicate a bad state of affairs, and the situation is the warrant for every man taking care of his holdings." Isaac Seligman of the banking firm of J. <fe W. beligman, said: "Our gold reserve is low and the heavy withdrawals may necessitate the issue of new bonds." He said further that be did not believe that any concerted action was being taken by foreign capitalists to withdraw credits. bradstrkkt's nana littmi ■vr.Msk Representatives of Bradstreet's at twenty-three cities Interviewed many lead- j Ing manufacturers and merchants Thurs- I day as to tho effect, present or prospective, ! on trade of tlie international situation precipitated by the president's message, the message i'self und as to the possibility of actual hostilities. In no instance, so far as the interviews extend, is war considered the probable outcome, So fur as the effect on business is concerned, eastern and western manufacturing centers and many of the largtr western and northwestern distributing points report that no effect whatever is felt. A PBEXIL'M ON COM. The Evening Post says a curious condi tion of affairs was developed today in neotion with the withdrawal ot gold from the treasury and .i«s.»v office for shipment tomorrow. Inconsequence of the sudden tightening of the money markpt. gold ship pers were unable to get enough greenbacks (United Slates legal tender notes) with winch to draw the goltl out of the treasury. But for this a much larger amount of gold would bo shipped tomorrow. It is only possible to g3t a large amount of gold out of the treasury quickly by the presentation of gold certificates or greenbacks of large denomination. Largo amounts of green backs of small denomination could, of j course, bo obtained, but it would take the treasury officials so long to examine and count them that in withdrawals of millions of dollars some days would be required. The treasury would naturally not care to do the work any faster than was absolutely necessary. Should the present condition of affairs continue and sufficient green backs could not be obtained with which to withdraw gold from the treasury, gold, it was said, would immediately go to a pre mium and specie payments would then virtually be suspended. The rates for ex change would be advanced to meet the cost of procuring gold. Regarding the trouble today, a bank president said that that was the fault of the speculators themselves. If they had called their loans yesterday, he said, their banks would have come in large creditors at the clearing house today and so have been well supplied with large bills. M 1 NINO BXOH ASO F.s DENVER, Col., Dec. 80.—Tho Wall street panic did not seriously affect mining stocks on any of the exchanges in Colo rado. ()rders were received from eastern holders of some of the higher priced stocks, to sell at once as the money was needed to save losses in the market there. The local market promptly absorbed all offerings and though such stocks as Isabella, Ana conda anil Union dropped from six to ten points they quickly recovered and closed strong at nearly the same figures as yes terday. None of the low priced stocks suffered and on the whole the market was strong. Brokers are generally confident that the panic in New York, based as it is on the shipments of gold, will rather help gold milling slocks than otherwise. FOREIGN COMMENT Grows Somewhat Less Favorable to English Claims Than Heretofore Paris, Dec. lio.—The secretary of the United States embassy here, Mr. Harry Vignaud, in an interview published in Oil ; Bias today, is quoted as saying: "The j United States cannot permit any nation to ! forcibly annex any American territory. In i this respect the doctrine oi~ President j Cleveland is more moderate than the opinion of the immense majority of Amer icans. Our only fear is that men of prudent minds, like Mr. Cleveland, will be overwhelmed. It is certain that the United States will yield nothing and Great Britain, who has everything to lose in case of war, will recede, for war means that Canada will enter the federation of tho United States, and that English trade will be destroyed within a month after the out braak of hostilities. A few shells thrown into an open port will cost England dear. It would lie the ruin of her colonial em pire. "Unquestionably France will take advant age ot tho occasion to settle the questions of Egypt and Siam, and Kussiawill ad vance her interests in the direction of India. Those are the reasons why Great Britain will recede. The United States cannot yield of the principles of the mes sage." Sir Charles Dilke, who is in this city, in an interview today is quoted as saying that he approves of the attitude of the Marquis of Salisbury on the Venezuelan question and considers that arbitration is impossible. He said, how ever, that an outbreak of hostilities would be too deplorable to consider, and added that while the conquest of Canada by the United States was possible, it would be at the cost of sacrifices similar to those of the war of secession. M. Francois de Doniel, the anti-English member of the chamber of deputies, in an interview in the Matin today, declares that the United Slates has the law ou her side and that compulsory arbitration be tween Europe and America is an excellent idea. RUSSIAN OPINIONS Sr. Petersburg, Dec. 20.—Tlie Nova Vremya says: If it comes to a war between Great Britain and the United States, the former will have to encounier internal as well as foreign foes, for the Irish are not likely to look on passively at such a con flict. In that event England's affairs in Turkey and the far east will not wear so favorable nn aspect and there would come the hour of bitter retribution for the past upon which Englishmen pride themselves, forgetting thai success gained by guile and force is never endrtf ing. The Boerse Gazette remarks: The one honorable means left for Kngland to extri cate herself from the atfair is a vote of censure against the Marquis of Salisbury, and a new cabinet might be able to rectify the blunders of its predecessors. SALISBURY'S SENTIMENTS New York, Dec. 21.—A special to the World from London says: Lord .Salisbury, through his private secretary, Mr. Har rington, tonight stated he would probably take early occasion to express his pergonal sentiments towsrd the United States in some public address from the platform or at a private dinner. Lord Salisbury made this statement in reply for a request for a message from him in his personal and un official capacity, fiecd from the restraints of official communication, to the American people, expressing the general feeling of the British people toward them. Lord Salisbury preferred to express his senti ment on the subject from the public plat form. ARBITRATION SUOOESTED London, Dec 21.—An editorial in the Graphic says: The sensation is another step towards a deadlock, which is only solved by the sword. This paper suggests the reference to arbitration of the question whether the Monroe doctrine is applicable to the Yeneiuelan dispute, and says that If Lord Salisbury propose such an arbi tration President Cleveland would not dare decline it. THE COMMISSION According- to Excellent Authority Which Really Does Not Know Nnw York, Dec. 21.—A local paper says: Excellent inforination is that the three commissioners whom the presi lei.t will ap point to investigate the Yeneauelan btu-i* If you have any wants for you can get it supplied in IICI P The Herald Cheap A Sure Winner tlary will be ex-United States Senator George F. Edmunds of Vermont, Hon. An drew I). White, ex-president of Cornell university and ex-minister to Germany, the Hon. Edward J. Phelps, ex-minister lo tbe court of St. James. Bayard Will Stay Washington, Deo. BO.—Report! were rurrent here yesterday, due largely to the excited state of the public on the Vene zuslan question and to the prior attack on him in the house of representatives by Mr. Barrett and others, that the recall of Am bassador Bayard was imminent. Private Secretary Thurber, when asked about them, made an absolute denial of their accuracy, adding that tlie embassador's recall was not contemplated. At the British embassy tbe belief was expressed that the rumors were untrue. It is be lieved here that the president would not at this time make any change iv our embassy to (>reat Britain, as it could not but aggra vate the present situation. 'I he Onld Reserve Washington, Dec. 20.—The loss of f3.400.000 in gold today for export leaves the gold reserve of the treasury at $u!>, --288,080. THE ANTI-FINDERS Will Put I p $10,000 to 1 >.n-at the Railroad Funding Bill San Francisco, Dec. 20.—Tha citizens' committee of fifty to organize the tight against the funding bill met today in the office of Mayor Sutro. In an address the major said 1-1(1,000 would be needed to prevent the passage of the bill. The money would be expended to defray the personal expenses of the lobbyists who would go to Washington. Tw ent y-live hundred dollars was immediately subscribed in the com mittee. John T. Doyle, of the committee, stated that a fraud had been committed in the is suance of the Central I'acittc first mort gage bonds. The government had required that the bonds should be issued in dupli cate, the copies to be given to the govern ment. Doyle said that the bonds floated were not those in the hands of the govern ment. There were deviations that had been intentionally made and which ren dered tire bonds worthless. Doyle said he had informed the secretary of the treasury of this fact and that die California delega tion in congress also knew it. THE SWEET WINE MEN UNITE Ninety Per Cent of tbe Output in the Pool A Fair Price Is to Be Set and Wines Will Remain In Private Cellars Until Sold San Francisco, Dec. 20.—The Sweet Wine association of California has been launched. Over 96 per cent of the port and Angelica product lias been assigned to the board of trustees and hills of sale were sent out over the state today to be executed by the winemakers and recorded by the various counties. Tho affairs of the Sweet Wine association are in the hands of ssven trustees They are L. P. Drexler, E. C. Kichowski, Frank A. West, D. Henshaw Ward. G. B. Barham, P. T. Morgan and H. A. Trevelyan. The wines are to be deeded over to them and sold by them. The wines will not be removed from the cellars until after pur chase, when they will be shipped direct to the buyer. Along with the bills of sale made by the wine producers the trustees will give a certificate of the amount deeded. Statements of tho amount sold are to be delivered on the 10th of each month, and after the cost of insurance, taxes, storage, hand ling, freight and delivery have been de ducted, the returns are to be pro-rated be ween the members of tho association. The deeds of sale cover both the surplus of IMI4 and the vintage of 1895. The amount of port is estimated at 11,000,000 gallons; angelica, 1100,000; sweet Muscat, 750,000; sherry, 250,000; sherry material. 1000 gallons. The price of port, which sunk last year to 15 cents, will be fixed nt 25 cents, and that of an gelica will be maintained at 30 cents to the selling agent. The Sweet Wine association is estab lished not only for the present season, but it is the intention to extend its life from year to year and so include sweet muscat, sherry and sherry material in the pool. THE STRIKE OFF The nanagers Agree to Arbitrate -nf Work Is Resumed Philadelphia, Dee. 20.—The great trol ley strike is in all probability off. Late to night Mayor Warwick succeeded iv induc ing a proposition to be made looking to an amicable settlement of the trouble. The proposition comes from the I nion Trac tion Company to tho strikers, and is, if the men will come back to work and peace is restored, the management will cordially and considerately receive a committee from the ranks of their employes and w ill hear their complaints and grievances and remedy the same within the range of fair ness. The proposition was given by the mayor to Rev. Dr. Baker and Mr. Griffin of the Christian Teague, and it was authorized to be made by the traction management. The Board ol Examiners Sacramento, Dec. 20.—A resolution was adopted by the state board of examiners today rejecting tho claims of counties for the support of aged indigents, excepting claims which have accrued during the past tw r o years. A resolution was also adopted that the surveyor general submit the maps upon which he issued certificates remitting to purchasers nf slate lands in cases w here the state had no title. Mrs. Shipton Held San Dieoo, Dec. 20.—Mrs. t'lara E. Shipton, who is charged with subornation of perjury in securing an affidavit from her daughter, Delia, exonerating Mayne, was today held in $11000 bail by Judge Puterbaugh. Mayne'sattorneys have been trying tonight to secure bondsmen. Mayne wilt be taken to Los Angeles tomorrow evening, and if Mrs. Shipton fails to se cure bail she will be taken also. A Crazy Bandit ANGELS, Dec. 20.—A man named Sara- Bald t 'oogan, a crazy Frenchman, held up the Sheep Ranch stage today between that place and San Andreas. He ordered the mail carrier to throw off the pouches antl proceeded to shoot them full of holes, after which he threw them back on the convey ance and told the driver to move 011. When the carrier arrived at San Andreas he re ported the matter to olllcers, who went out to the Frenchman's home, arrested him and brought him into San Andreas. Po-t, But Mo Provider Pah Fbancisoo, Dec. 20.—Gen. L. li. Foote, ex-minister to Corea, antl poet, was sued hv his wife on tho grounds of deser tion and failure to provide. The divorce was today j;. anted by default. PRICE FIVE CEXTS THE WAR SPIRIT IS STRONG To Secure Enforcement of the Monroe Doctrine INDIANA'S LOYAL LEGION Makes Demand That the Government Do Not Recede It is Hoped That War Hay B; Avoided, But Not by Yielding to Wrong ful Demands Associated Press special Wir?. EvAsst ihb, Ind., Dee. 20.—Tha annual meeting of the Indiana Loyal Legion was held here last night. Almost a full attend, ance was present and thirteen new candi dates were accepted. A banquet was hold at tho St. George hotel with 300 present, at which tho following resolutions were ad opted with deafening applause: Resolved, By the Indiana Commandery of ihe Military Order of the Loyal Legion of the United States, that the position as sumed by this government with England on the Venezuelan question is indorsed. Resolved, In the enforcement of the Monroe doctrine we are not members of political organizations, but Americans, jealous of Kuroperu aggrandizement and determined to resist all inonarehial en croachments on the western hemisphere. Resolved, That we demand that our gov ernment recede not from its position with England, but firmly and with force, if necessary, compel a recognition of tho Monroe doctrine. Resolved, That a copy of these resolu tions be forwarded to the president of the United States. General Lew Wallace was vehemently applauded when he said: "The Monroe doctrine is the gauge of challenge thrown to all the great powers of Europe. If one accepts the gag it will in all likelihood lie with most of the others in the alliance. That Lord Salisbury took six months to compose his response, it is reasonable to believe his lordship comsumed three months looking for allies in case he re fused to arbitrate. England in arms against us is one thing; all Europe, with the exception of Russia is another. Here is the conclusion: If we must light I wish it could be with England alone. Not that it would be an easy affair if the duel was single-handed, but that it would be a complete affair—a finality. It would be hard with us at first, but we would not be idle. Before a year there would be no British commerce, the interpretation of which is simply British bankruptcy and at the end, as I see it, we would own every thing on this side of the globe, from the Gulf of Mexico to the norm pole; second, Russia would be established in Constanti nople and hurrying the conclusion in British Tndia. It all depends on the con stancy of our people. If they endure and go grimly on the hour will come when we can effectually wake the democracy of England." GROSSCUP DISSENTS From Views ol Law Prolessora—fionroeism the American Doctrine Chicago, Dec. 20.-Judge Grosscup of the federal court does not agree with Prof. Yon Hoist and Prof. Wolsey in their com ments on the Monroe doctrine, nor does he find anything wise or tenable in Dr. Depew's published utterances on the sub ject. He said: "When in this country the word 'war' is pronounced three classes of men at once sprine into prominent notice, "First the sentimentalists. They oppose war on any ground, though the country may be trodden upon and wronged. Just as Dr. Thon as did when under Harrison, war with Chili was a possibility. Of course if a missionary had been killed it would have been different. "Second, the enthusiasts. In this oase they are Anglo-phobists. They are those who want to rush into hostilities. "Third, the irrepressible college profes sors, with their impracticable theories. Two of them have spoken. Neither of them comprehends the question really at issue. "After all this comes calm,dispassionate judgment of the American people. When the people of this country thus judge a country and utter a decision that decision is more trustworthy and accurate—nearer the truth than all the theories of college professors and educated students. We be lieve, the president believes, the historical view is true, that England has aggressively and schemingly colonized American terri tory. Now the Monroe doctrine- Ido not care what you call it: it might be called the Cleveland doctrine or the end of the nineteenth century doctrine, call it by any name, is simply the American policy. "The world is divided in two. This con tinent, America, for Americans and Ameri can institutions and the East for the European monarchs. That is our policy. The United States as the strongest nation on this continent must uphold that policy. An attempt to violate it anywhere on tho continent isa blow to us. THE NEWS BY TFLLORAPH—The .senate passes the Vene zuelan commission hill without amend* nieut; the president sere's to the senate a message on financial affair!—'the war spirit is strong, except among the finan ciers. Reports of market conditions deal Chiefly with the effects ol the Venezuelan message The Venezuelan commission will have a long and lough job —The sweet wine producers form a pool — Rac ing nt lngleslde....Redlands; a wedding; water litigation San Bernardino; the Gonzales killing Downeys a house burned f-'anta Ana: informations fliled ....Santa Karbara; the adulter's trobules Pasadena; college orchestra concert; brevities. A BOLT THE ClTV—Meeting ot the board of supervisois; contract for the hospital steam laundry li awarded—Frank Cherry a ireo man; the grand jury Indictment quashed by judge Smith; hodid not per jure himself because his oath was not ne cessary to his demands ; the whole respon sibility placed on the judge who certifies to tha work Associated charities; repre sentatives of charitable organizations to receive contribillions.... In aud out of tho city hall ...They live through: Dodd .t O'Gara havefinished the tilling, and tlie council will now lie respected The baud concert; a splendid performance yesterday afternoon....No annual report from the mayor; the charter of the section relating to tho executive .. .Beg din in-; the inquiry; the latest street department mess to he looked into; the committee will really probe and no farcical inquisition this time WHERE VOll M\V 00 TODAY OitiMiiii'M—Matinee, and at *n a vaude ville. BI7EBAKK— Matinee, an 1 nt 1 p. m. Lost Par ad tie. Los Ancet.fs THI.-.TKR—Jfattnte, and at S p. vi. lit. Syu'.sx.