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Birmingham state herald. (Birmingham, Ala.) 1895-1897, October 06, 1895, Image 1

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BIRMINGHAM STATE HERALD.
VOLUME 21:
BIRMINGHAM, ALA., SUNDAY, OCTOBER 6, 1895.-TWELVE PAGES
NUMBER 313.
THE SPEECH DISAPPOINTING
Wailing and Gnashing of Teeth
Among Goldites.
THE BIG GUN HAS BEEN FIRED
No Converts Found Lying Around—Silver
Ranks Remain Unbroken.
WEAKENS THE CAUSE WHEREVER HE GOES
Much Had Been Expected of the Alabama
Member When He Came to Convert
Alabama Voters-Some of the
Point* Made.
Montgomery, Oct. 5.—(Special.)—Tt has
developed today that many were disap
pointed in Colonel Herbert's speech.
Even some of the gold standard advo
cates acknowledge that it did not come
up to their expectations.
The Journal in commenting editorially
on the speech says:
"The public had been expecting Colonel
Herbert as a big gun and he was, but
they had depended too much on him to
advance logical and convincing argu
ments in a bad cause, and to do and say
something that would turn the tide In
favor of gold and against silver in Mont
gomery, and that he failed is naturally a
cause for sorrowing and weeping and
wailing and gnashing of teeth among the
gold standard advocates. They must do
Colonel Herbert the justice, however, to
say that he did the best possible for their
cause. That he failed to convince any
body or to convert anybody was not his
fault, but lather the fault of the cause he
advocated. Colonel Herbert is booked to
make several speeches In Alabama and
the people everywhere will receive him
cordially. Ex-Governor Jones referred to
Colonel Herbert In his speech introducing
him as "the greatest Montgomerian liv
ing." He might have said with equal
truth that he was the greatest Alabam
ian. and It Is this very fact that will
weaken the cause of monometallism
wherever he gees, because the people will
conclude that If the greatest of Ala
uuimaiio aiiu gi ccvicoi ui uic au»uv an o ui
gold monometallism cannot say anything
to advance the cause of the single gold
standard then the cause is a bad one,
and they will remain true to the time
honored principles and policies of the
great democratic party.”
Others, and perhaps a large majority
of those who heard the speech, pronounce
It a masterful effort. Many prominent
silver enthusiasts acknowledged that it
was the ablest gold standard speech ever
heard here. It was presented in a sys
tematic, practical and attractive style,
and every word of it was listened to with
Interest.
The speech required an hour and a half
for its delivery,' and the full text of it
■would consume too much of the State
Herald’s space. The following in the
nature of an abstract, however, may be
of interest: Secretary Herbert said that
from 1834 to 1861 there was coined and
In circulation in this country $2,800,000
in silver, which was driven out by Con
federate money, which was a cheap
money. The money of the Confederacy,
he said, was as good as gold at first, but
as it increased in quantity It decreased In
value until finally It took $100 to buy a
drink of mean whisky. He said there
never was a government better fixed to
set up an independent system of cur
rency than was the Confederacy, and yet
it failed. He said that after the war
men took their gold coin, bought several
times its face value in greenbacks and
paid their debts in the latter—that this
was human nature. Greenbacks were
cheap then, he said, because the govern
ment had no collateral behind them, not
because they did not have faith In the
government.
He said that at the establishment of
the government Hamilton figured out the
financial system—that he did not under
take to set up an Independent system,
but so fix the relative value of gold and
silver at what they were worth In the
markets of the world, which at that time
was 15 to 1. Subsequently it developed
that silver dollars at that ratio were
worth about 3 cents more than gold dol
lars, and Mr. Jefferson had their coinage
stopped and no more were coined until
1838.
In 1834 the ratio was changed to 16 to
1, and for twenty-eight years the demo
crats and whigs were contented with the
operation of the law. The silver that was
coined did not stay with us, however, the
speaker claimed. It was from 3 to 5 cents
above par and was bought up and used
In the arts in ornaments, etc. The coun
try was. during that period, practically
a single standard country, he argued,
and its growth during the time was more
rapid and substantial than it has ever
known to be before or since; and all of
this without the aid of silver.
From 1873 to 1894, the speaker said, the
country Increased its silver circulation
1594,000,000, yet the silver advocates
claimed that a great crime against silver
had been worked during that period.
♦ *•**•*****••
The speaker said he had voted while in
congress in 1878 for a free coinage not
and had subsequently, in 18*6, voted for
the Bland bill. That he Just simply
changed his mind and voted against free
silver afterwards, because he conceived
it to be right to do so, and that he stood
alone among the Alabama delegation in
congress when he voted against free sil
ver. The secretary thought the people
wanted to right and reserved the priv
ilege of changing their minds whenever
it was proper and honest for them to do
so. He sttid they made the same demands
on their representatives in congress.
Colonel Herbert said he addressed the
people of Montgomery as a citizen of Ala
bama—not as a cabinet officer. With ref
erence to the per capita circulation he
said we had plenty of money in this coun
try: that he denied that the amount of
money in circulation In a country was a
measure of its values. He claimed that
the same money bought goods many
times over; that it would be as reasonable *
to require that every merchant should
have a separate yardstick to measure
every yard of goods. He explained that
a man could buy many thousands of dol
lars of property and not handle a dime;
that It was credit nnd confidence after
all that lay at the bottom of prosperity
and good prices: that the prosperity of a
country could not be measured by the
amount of money In circulation there.
The secretary said our financial system
was not perfect and should be reorgan
ized; that it should be made more stable
and more flexible, but neither could be
accomplished by a per capita increase.
Colonel Herbert said overproduction
had caused the fall of prices: that the
cotton crop in this country last year had
been 9,400,000 bales, whereas in 1880 the
world’s crop hud been only 7,200,000 bales.
The same was true of other things. Im
proved methods and machinery had fa
cilitated the farmer and the manufac
turer. They sold their goodB for less,
but they sold more of them and bought
what they bought correspondingly
cheaper. Mr. Herbert said that oats and
mess pork had not been overproduced
like other things in the past twenty years
and the prices of these articles were
practically unchanged.
The speaker said If by the passage of a
16 to 1 bill the United States could raise
the value of all the silver in the world
to that ratio he would favor it, but such
a proposition was a farce. He said that
Captain Johnston had recently in a
speech In Kufaula challenged anybody
to show where the sliver would come
from that was to swamp this country In
the event of the passage of a free coin
age law. Re said he accepted the chal
lenge; that if a free coinage law was
passed China. Japan and India would
telegraph their orders to purchase all of
the gold that was possible for their sil
ver at anything under the market price,
and that these three countries alone
could and would buy all of the gold we
have In circulation. Our supply of gold
would not last from sun to sun, he said,
if the holders of the gold saw lit to trade
it for foreign silver. But the holders of
the gold would not trade it, he said; they
would lock It up, and the day that a free
coinage law was passed would see $680,
000.000 locked 1" vaults, our circulating
currency would be that amount short
and the balance that was left would be
cheap money. This would happen, he
said, the moment that It was known that
a free silver president and congress had
been elected—such a panic as was never
known would ensue and the country
would go to the demition bow-wows.
The speaker said the panic of 1898 il
lustrated this; That this country owed
some $8,000,000.000 abroad In gold stand
ard countries, that these creditors saw
that under the Sherman law we were
coining too much silver. Under that cir
cumstances they considered that they
should begin to realize on some of their
securities. They accordingly collected
$155,000,000 of gold and took It away. The
speaker then undertook to explain that
by repealing the Sherman act and Issu
ing bonds the administration had restored
confidence here and abroad, had checked
the fury of the panic and by issuing more
bonds, etc., had persuaded foreign coun
tries that there was a man at the head of
this government who did not propose to
see them paid off In cheap money. The
result, as pictured by the distinguished
speaker, has been that the country has
smiled like a basket full of 'posst m heads,
wages, iron, cotton, everything has ad
vanced in value. The currency had not
been Increased but confidence had.
The speaker explained that If we got
on a silver basis the banks would pay off
their depositors In 55-cent dollars, guar
dians and executors would pay the
widows and orphans cheap money, the
life Insurance companies would pay poli
cies in depreciated dollars and every man
would be licensed to repudiate his debts.
He said theruvwas no party in any gold
standard country in favor of putting it
on a silver basis, and that it was a mar
vel to him that such a party existed here,
that all of the partleB in the old countries
that favored the use of stiver were, thank
Qod, In favor of bimetallism. He held
the history of the Latin union and said
that not a dollar of legal tender silver
money had been coined in Europe since
1878.
Secretary Herbert denied that Wall
street caused the late panic. He said
that Wall street suffered more than any
place as a result of It; that it would be
suicidal tor capital to produce a panic,
as the capitalists were the chief sufferers.
He said he did not propose to defend all
that the men on Wall street did, but he
Intimated that they were pretty clever
fellows and bought and held the cotton
cte., of the farmers when the demand for
it did not meet the supply.
The secretary concluded by saying that
the capitalists at home and abroad had
concluded that the sliver sentiment was
not strong enough in this country to ef
fect anything, and that for this reason
they were opening their safes and allow
ing the country to prosper. He said that
the party that elects the next president
will he In favor of sound money. He said
the democratic party would easily be In
favor of sound money, and advised the
boys, whatever their sentiments on the
ihe question may be, to climb on the
band wagon and help the party win
again, as it could easily do under sound
money colors. He said there was no hope
for the republican party in the next na
tional election, except in the division of
the democrats; that If the democrats
would stnnd together for sound money
they would win in a walk.
MANY LIVES SAVED
BY A CONDUCTOR’S PRESENCE OF MIND
He Uncoupled a Flying Passenger I rain and
(he Poor Engineer Rushed on to
His Death.
Atlanta, Ga., Oct. 5.—Alex Atkins, an
Engineer on the Atlanta and West Point
railroad, was killed in a collision this
morning one mile below Red Oak. At
kins was engineer on the New York and
New Orleans fast mall, which left here at
6 o'clock tills morning fifteen minutes
late. At East Point he received orders
to pass a northbound passenger train at
Red Oak. Jnsteud of stopping at the
station he ran through at forty miles an
hour. Conductor Law signalled the en
gineer to stop, but Atkins paid no atten
tion to the bell. Then Law ran through
the train and threw a piece of coal over
the tender to attract the engineer’s at
tention. Hiill Atkins kept on. Law, who
had signed the orders at East Point, then
cut the cars loose front the tender. At
kins and the engine sped on. and 200
yards fnrther crashed into the approach
ing local train. The automatic brakes on
the fast mail slopped the detached train
and thp passengers escaped.
Engineer McDade of the northbound
train reversed his engine and .pimped.
His fireman and the fireman on the
southbound train also Jumped. Atkins
stuck to bis engine and was terribly
crushed. He was not unconscious at
first and begged the trainmen, who went
to work to rescue him. to give him some
thing to relieve his agony. lie died three
hours later.
A postal clerk named Boyd on the
northbound train was badly injured, but
will recover.
It is presumed that Atkins got mixed
on his orders, as he had first received
his instructions to pass the northbound
train several miles below Red Oak.
The Fiend Was Lynched.
Chattanooga, Tetui., Oct. G.--As pre
dicted, the lynching of Smith, the negro
convict who assaulted Maggie Hender
son at Cole City, took place at S o’clock
last night. Two hundred and fifty armed
and disguised men went to the stockade
and demanded film. The guards re
fused. The mob covered them with Win
chesters. Resistance was useless and
they gave him up. The mob took him to
the place of hts crime and shot him to
death with fifty-two bullets. The crowd
quickly dispersed. The girl, who Is
highly connected, Is still unconscious.
There Is no hope for her recovery.
LONDON POLITICAL GOSSIP
England Still Hunting for Trou
ble in China.
HER MINISTER CALLED HOME
Sir Julian Pouncefote May Be Transferred From
Washington to France.
FRANCE IS OUT OF THE SUGAR MARKET
Owing to a Big Corner on Beet Sugar,
* None la Being Exported From
France at Present—Much
Talk in the Market.
London, Oct. 5.—(Special Cable Letter.)
—Though the foreign office professes to
be satisfied with the full and prompt ac
ceptance by the Pekin government of
the ultimatum awarded by the British
demanding the degradation of Liu Ping
Chang, viceroy of Sze Chuen, for his con
nection with the Sze Chuen riots, the
trouble growing out of the overt hostility
of the Chinese to British subjects is
not over. The movements of the Brit
ish squadron in the Yang-Tlang show
that the tentlon In the relations between
Great Britain and China has hardly been
lessened by Its punishment of Liu Ping
Chang. Vice-Admiral Buller, Instead of
ceasing to demonstrate the pressure that
is being brought to bear on the Pekin
government, keeps under orders the Brit
ish warships at every point where they
were stationed before the tsung 11 yamen
apparently conceded the British de
mands. The warship Aeolus lias gone
to Wuchang, where Vice-Admnal Buller
is charged to present to Chang Cheh
Tung, the viceroy, the demands relative
to the inquiry Into the Kucheng mas
sacre. Chang Cheh Tung Is a notorious
hater of foreigners, and Wuchang, as the
center of the production of the pam
phlets and placards inciting the popula
tion to the murder of Europeans. No
overt act of hostility that would justify
Great Britain In demanding his dismis
sal from -office can be traced to him de
spite his known antipathy to foreigners.
The exact nature of the demands that
will be Issued to him has not yet trans
pired. A strong feature of Vice-Admiral
Buller’s mission Is that hp 1b directed
to deliver the British dispatches directly
to Chang Cheh Tung, Instead of negotiat
ing through Pekin. It Is etjiected by the
foreign office that the viceroy will con
ceue me uenmnuH.
Prime Minister Salisbury has directed
Sir Nicholas O’Connor, the British min
ister to China, to expedite his return to
London. Sir Nicholas will go to St. Pe
tersburg as ambassador In room of Sir
F. C. Lascelles. He will be in London in
November, when a new minister to China
will be appointed. It is evident that
Great Britain is determined to conserve
and expand her trade and other Interests
in China. In order to effect this demand
some changes will be made in some du
ties of the members of the legation at
Pekin. Besides the secretary of the le
gation a special commercial attache will
be obliged to make an annual tour of thel
treaty ports. The secretary will visit the
chief consulates and the commercial at
tache will receive the British residents,
learning their grievances and watching
the course of the day. As Sir Nicholas
O’Conner suggested these changes noth
ing will be done in the matter until Lord
Salisbury personally confers with Sir
Nicholas.
It is rumored in diplqmatlc circles that
Sir Julian Paunpefote. British ambassa
dor to the United States, will succeed
Lord Dufferln as ambassador to France.
Sir Julian's preference, for Washington
over some of the British European posts
is not concealed, hut If he should be of
fered the blue ribbon of the British diplo
matic service he would. It Is said, be cer
tain to accept it.
A clique of old time liberals, mostly
members of the Reform club, are resent
ing the proposed transference of the con
trol of the party to. that democratic
nano.
The National liberal club, backed by
interested Wire pullers, is trying to
squash the projected conference on party
reorganization. The political committee
of the National Libedal .club is desirous
of avoiding internal squabbles, and is in
clined to abandon the conference, but in
the face of the demands of every liberal
and radical association in the country it
will be obliged to proceed. The confer
ence will be held at the eml of October.
It will concern ijpelf solely with plans for
party reorganization.
Inquiries made In Mincing lane today
elicited the information that France Is
now practically out of the sugar market,
exporting little or no sugar. This Is due,
it Is said, to a corner in beet sugar. The
absence of the French product has had a
sympathetic action on the markets and
lias been a factor In raising the price to
11 shillings per 100 weight, an advance of
Is 6d within a few weeks. A larger corner
than that of the French syndicate was.
it Is supposed, recently attempted. A
great Insurance company of London was
approached with e proposition that it In
sure sugar in different parts of the world
to the value rtf £l',000,0t)(f. This company
canvassed other .ttompanles with a view
to getting them to cover part of the risk
Inquiries, howevr. rendered doubtful"'
with the quantities of sugar had been
actually purchased, and a question arose
as to whether speculators meant to op
erate on this insurrihee." The proposal,
therefore, fell through, but it caused
much talk in the sugar market.
TEttNESfcSlE DAY
Brought Out the Largeot Attendance Since
the Exposition Opened.
Atlanta, Ga„ Oct. 5.--The exercises of
Tennessee day brought the largest
crowds w'hlch the exposition has yet seen.
A large party came down from Nashville,
headed by the directors of the Tennessee
centennial. Lar,ge parties <1 also came
from Knoxville, Memphis and Chatta
nooga, and an enthusiastic reception was
prepared fob them by Tennesseeans in
Atlanta. The exercises lasted for several
hours in the auditorium, beginning at 11
o'clock, after which the visitors spent the
day in sightseeing. The people of At
lanta came out very ltberellV in honor of
Tennessee, arid the turns-tll^d at two oc
casions showed more admissions than on
any other day. The city is fuller of
strangers than it has been heretofore.
A 8tearner Reported Lost.
Madrid, Oct. 5'.—The Heraldo prints a
special dispatch from Havana saying: It
is reported that the bruiser Conde de
Venadito has been lost. Official telegrams
received from Havana make no mentlon.
of any mis.tap to the Copde^le Venadito,
and it Is, therefore, believed the report
published in the Heraidb is'unfounded.
f *>' if.
WENT UNDERTHE HAMMER
The Savannah and Western Rail
road Sold Yesterday.
ONE AND ONE-HALF MILLION
There Was Only One Bid Offered and That a
Small One.
WILL GO INTO THE REORGANIZATION
The Southern Bailway Still Reaching Out .
The Central Bailroad System to Be
Operated Separately-Othcr
Sales for Monday.
The Savannah and Western railroad
was sold at auction by Special Master
A. E. Anglers yesterday at noon to the
bondholders of the company, the pur
chase price being $1.500,000. The Bale was
made under a decree rendered by Judge
Pardee of the United States court to
satisfy a Judgment against the company
obtained by the Central Trust company
of New York.
There was only one bid. and that was
by Mr. Simon Borg of New York, one of
the committeemen representing the bond
holders, he having compiled with the re
quirements by depositing a certified
check for $25,000. The road was knocked
off to him.
The lines comprising the Savannah and
Western are as follows:
The Columbus and Western, from Bir
mingham to Columbus, Ga., 157 miles;
Columbus Southern, from Columbus, Ga.,
to Amerlcus, Ga., 64 miles; ttie East Ala
bama, from Opelika to Roanoke, Ala.,
39 miles; the Columbus and Rome, from
Columbus to Greenville, Ga., 50 miles;
the Eufaula and Ozark, from Eufaula to
Ozark. Ala., 60 miles; the Savannah and
Western road proper, from Meldrim to
I.yons, Ga., 58 miles; and the branch from
Griffin to Carrollton, Ga., 60 miles—in all
about 488 miles of railroad.
The sale took place at the old Savannah
and Western depot, located at Second
avenue and Twenty-eighth street, and
besides the railroad magnates present
were Messrs. T. T. Hillman, B. Steiner,
Solon Jacobs, A. H. Steven and others.
The following well-known railroad men
from a distance were present:
aiessrs. »imon twig, n. i . aiuiuh (tmi
E. S. Hooley, committee of the Savannah
and Western bondholders; Samuel Thom
as and T. F. Ryan of New York,
representing; the reorganization commit
tee of the Central; Henry Crawford,
counsel for the Central railroad reorgan
ization committee; Judge Tompkins, Mr.
Henry W. Calhoun of New York, rep
resenting the Central Trust company of
New York; Mr. Pat Calhoun of Atlanta,
representing the Borg committee; Mr.
A. R. Caw Pm, representing the receivers
of the Central railroad; Mr. Davis Free
man. .representing the receivers of the
SaVannah and Western railroad; W. A.
C. Eufen of New York, secretary of the
reorganization committee; Mr. A. E. An
gler of Atlanta, special master of the
court ordering the sale.
Messrs. Simon Borg, R. C. Martin arid
E. S Hooley were the committee repre
senting the bondholders.
Mr. H. M. Comer, receiver of the Cen
tral of Georgia, In an Interview yester
day, stated that the Savannah and West
ern Railroad company would go into the
reorganization scheme of the Central.
The Central is to be sold in Savannah
tomorrow and will be purchased by the
reorganization committee of the Central.
The stock of the reorganized committee
will te owned by the Southern railway,
and that committee will control the Cen
tral, but it will be operated as a sepa
rate and Independent system, with Mr. H.
M. Comer at its head. There will be few
changes, if any, in its offices, it is stated.
Cot A. H. Stevents will be continued as
agent of the road In this city and Mr. So
lon Jacobs as commercial agent.
Several lines which have been operated
by the' Central will not be included In the
sale tomorrow, but it is given out that
they will be leased by the Central and
continued as a part of its system. Among
these toads are the Mobile and Girard,
running from Girard to Seabright; the
Montgomery and Eufaula, running from
Montgomery to Eufaula; the Southern
Railway of Georgia, running from Macon
ar.d Columbus, and from Macon to Al
bany; the Augusta and Savannah, run
ning from Augusta to MUlen.
The Port Royal and Western Carolina
and tjje Port Royal and Augusta, a ma
jority of whose stock Is owned by the
Southern Railway company, will proba
bly be Included In the reorganized Cen
tral oompany.
The party who came here to attend the
sale of the Savannah and Western left
in three special cars over the Central for
Savannah af 12:45 yesterday afternoon.
They will be at the sale of the Central in.
Savannah tomorrow.
The Alabama Great Southern.
The' following orders have been issued
by the Southern officials:
Alabama Great Southern Railway,
Office of Ihe President, 80 Broadway,
New York, Oct. 3.
Executive Order No. 1.
At a meeting of the board of directors
of this, company, held today, the follow
ing officers were elected:
President, Samuel Spencer.
First vice-president, A. B. Andrews.
Second vice-president, W. H. Baldwin.
Third vice-president, W. W. Finley.
Secretary, Joslah T. Hill.
The following appointments were made
to take effect from date:
W. A. Vaughan, general superinten
dent.
J. M. Gulp, general traffic manager.
Charles H. Davis, comptroller.
H. Hi Tatum, treasurer.
The address of the comptroller and
treasurer will be as heretofore, Cincin
nati. The address of the general superin
tendent will be Chattanooga, Tenn. The
address of the other officials, except the
president, will be Washington, D. C.
SAMUEL SPENCER, President.
Superintendent Frazier Retained.
Office of General Superintendent,
Chattanooga, Tenn., Oct. 3, 1895.
Under the authority of the president's
order. No. 1, dated New York, October
3,1895. I hereby appoint
A. J. Frazer, superintendent.
C. Skinner, master mechanic.
M. A. Zook, engineer maintenance of
way.
All employes will report as heretofore
to their respective offices.
The superintendent will report direct
to me. W. H. VAUGHAN,
Gen_eral Superintendent.
Approved:
W. H. BALDWIN, JR., Second Vice
President.
Superintendent Frazier has been su
perintendent - ot the- Alabama Great
Southern for three or four years past,
and the news of his appointment to the
same position by the Southern railway
management will be received with pleas
ure by his friends in this city. Superin
tendent Frasier has been a valuable offi
cial, and is one of the most popular rail
road men in Birmingham. The public
will also be glad to know' his efficient
corps of assistants will be retained In
their same positions.
Assistant General Superintendent.
Southern Railway Company,
Office of General Superintendent,
1300 Pennsylvania Avenue.
Washington, Oct. 3, 1895.
W. A. Vaughan is hereby appointed as
sistant general superintendent, with of
fice at Chattanooga, Tenn.
He will have full charge of all transpor
tation matters pertaining to the fourth
and seventh operating divisions, and the
superintendents of these divisions will re
port to him. except In such matters as
may be handled direct from this office.
W. H. GREEN,
General Superintendent.
Approved:
W. H. BALDWIN, JR.,
.Second Vice-President.
General Agents.
Alabama Great Southern Railway Co.,
Office Traffic Manager,
Washington, L>. C., Oct. 3, 1895.
Circular No. 1:
Under the authority of the president’s
order. No. 1, dated New York, October
3, 1895. 1 hereby appoint
H. F. Smith general freight agent,
office Odd Fellows' temple, Cincinnati,
O.
W. A. Turk, general passenger agent,
office No. 1300 Pennsylvania avenue,
Washington, I). C.
C. A. Benseoter, assistant general pas
senger agent, office Knoxville, Tenn.
Appointments effective this date.
J. M. ClfljP, Traffic Manager.
Approved:
W. W. FINBEY, Third Vice-President.
Division Freight Agent.
ft is understood that a successor to Mr.
T. F. Steele, division freight agent of the
Alabama Great Southern, who recently
leslgned to accept the office of commis
sioner of the Walker County Coal asso
ciation, will be appointed at an early
date, probably the first part of this week.
NEW YORK BANK STATEMENT. '
Decreasing Deposits and Loss of Cash Holdings
the Main Feature.
New York. Oct. 5.—The New York Fi
nancier gays this week:
Decreasing deposits and loss of cash
holdings are distinguishing features of
the New York bank statement for the
week ending October 5. The clearing
house banks held last week only $151,
496,400 In cash, which is a loss of $31,000,
000 since June 1 last, and of $31,386,000
since August 31 last. This money repre
sents in part the gold export movement,
hut more than anything else of late the
demand from the interior. The actual
loss for the week was $8,083,900, of which
$739,600 was In specie and $7,344,300 legal
tenders. The Interior movement during
the past few days has not been quite up
to expectations, but fairly satisfactory.
Deposits are down to $540,099,500, the loss
for the week being $9,037,000. The aggre
gate volume of deposits has fallen oft
since June 1 over $20,000,000 and since Au
gust 31 $33,500,000. The deposits of the
New York banks are reported as nearly
$50,000,060 less than for the corresponding
week in 1894.
There was a stight contraction in loans
during the week, the decrease being $1,
174,000. The operations of the week
brought about a decrease of $5,824,650 In
the reserve, the excess now standing at
$16,471,525, which is much lower, barring
three weeks in March, due to other
causes, than it has been for the year.
All Quiet in Turkey.
Washington, Oct. 5.—The secretary of
slate last evening received the following
cable from United States Minister Ter
rell, dated at Therapin, a suburb of Con
stantinople:
"There has been tranquility for the last
forty-eight hours. Kiamil Pasha has
been appointed grand vizier. Dreading
the Influence of ihe recent events In dis
tant provinces f have renewed my de
mand for the efficient protection of the
missionaries."
Combining Against Brazil.
Buenos Ayres, Oct. 5.—A dispatch from
Rio de Janeiro to the Deario says Great
Britain, France and Italy have decided
upon a plan of combined action with a
view to obtaining satisfaction of their
respective claims in Brazil.
THE WALLER CASE AGAIN.
THE RECORDS HAVE REACHED PARIS
E. G. Woodford, an Important Witness, Has
Reached New York, Having Come Di
rect from Tamatlve.
Washington, Oct. 5.—Renewed Interest
in the Waller case was aroused today by
the receipt of a telegram from Ambassa
dor Eustis announcing that the record
and accompanying documents had been
received at the foreign office at Paris
and were being translated. Although
Mr. Eustis did not say so in his dispatch,
the presumption is that the French gov- j
ernment, in accordance with its promise,
will deliver a copy to Mr. Eustis as soon
as the translation is completed. The
steamer upon which this alleged record
arrived reached Marseilles September 22,
and this government expected the del v
ery of the same into Mr. Eustis’ hands
before this. An important witness, on
the part of Mr. Waller arrived in New
York yesterday in the person of Mr. E.
G. Woodson, an American citizen who
was at Tamatlve at the time of the Wal
ler trial, heard the proceedings and read
the alleged Incriminating letters. Mr.
Woodford conies direct from Tamative
and is the man who supplied the funds
through which Mrs. Waller and family
reached France. He Is thoroughly con
versant with the facts and will come to
Washington next week for a conference
with Secretary Olney.
MADAM RUROR
Says Bankhead Is Figuring on Entering the
Gubernatorial Race.
Selma, Oct. 5.—(Special.)—There is a
well authenticated rumor afloat here that
Bankhead is a candidate for governor.
Off on a Dark.
Boston, Oct. 6.—The Ancient and Hon
orable Artillery company, 300 strong,
leave Boston at 5 o'clock thiB afternoon
to celebrate the 258th anniversary at
Richmond, Va. Washington will be reach
ed at 1 o’clock tomorrow afternoon, where
an hour's stop will be made for dinner.
Elba, a suburb of Richmon, will be reach
ed at 6 p. m.
Received a Shaking Down.
Washington, Oct. 5.—A telegram was
received af the navy department today
from Hampton Roads stating that the
battleship Texas had returned from a
two days’ sea run, taken to "shake her
down" and put her In order.
REED’S SLEEP^ DISTURBED
Wat Hardin Will Carry Kentucky
Despite Traitors.
CAMPBELL TO WIN IN OHIO
Gorman the Al Leader Has a Lively Scrap
,©■■■ on Hand.
V _
COLONE’^XE HILL OF OHIO TALKS
/ —
The r Democrats Demonstrate Them
s > 4 to Be the Real Loyal Members
/£• of the Party-Note Their Ac
‘o tion in Ohio.
Washington, Oct. 5.—Congress, that
great hippodrome, whose annual appear
ance in Washington Is hailed with de
light by the newspaper men and board
ing-house keepers alike, meets two
months from today.
Two months and •'Tommy” Reed will
take his old station on the platform in
the house of representatives, this time to
rule with blandishments and magnanim
ity instead of the force and arrogance
that gained htm the soubriquet of ''czar.”
Weil can “Tommy” afford to be magnan
imous, with a clear majority of 133 at hid
back. But this majority, its very vast
ness is going to be the altar where will be
sacrificed “Tommy's" cherished ambi
tion of receiving the republican nomina
tion for the presidency. Then, I am told,
"Tommy” is having no little trouble in
arranging to dispose of the various chair
manships of the committees of the next
house. There Is Dalzell of Pennsylvania,
who wants to be chairman of the com
mittee on ways and means. Dalzell
fought Quay in the late unpleasantness
In Pennsylvania, and Reed is banking
heavily on Quay's support; so unless
Quay agrees the little statesman from
Pittsburg will have to take some minor
position. Then Payne. Sereno E. Payne,
of New York, would have to be chosen,
and this might not sit well on Platt’s
stomach, whose support Reed is counting
on as soon as Levi P. Morton is shelved.
And again, on the committee on appro
priations "Uncle Joe" Cannon wants the
chairmanship he held in the Fifty-first
congress, but "Uncle Joe” was not a
member of the Fifty-second and Hen
derson of Iowa, who lost a leg in the late
war, outranks him. So it is easily seen
that "Tommy's” sleep is troubled and
his wakings sorely distressed.
Maryland, my Maryland.
Over In Maryland there Is a fierce war
being rag/d over the state election that
Comes oft in November, and should the
democracy lose, the victory must be cred
ited not to the republicans, but to the
treachery of a disaffected element head
ed by the Baltimore Sun, an adininlsti^
tlon organ—one of the most pronounced.
The Issue in a word is Gorman. Gorman,
that astute politician and leader for
twenty years of the democracy In Mary
P land, is distasteful to the Sun paper, and
to discipline him it has bolted the nomi
nation regularly made by a convention
regularly called, and Is striving with
might and main to turn the state over to
the republicans, who, if they win in No
vember, will so manage that success will
be certain in the presidential election in
1896. Such is the loyalty to democracy
of the Baltimore Sun. My information,
however, is that Hurst, the democratic
nominee, will be elected.
Kentucky.
Advices from Kentucky tell that tne
contest in that state will be very close,
and if Hardin is elected it will be by a
very small majority; the rest of the ticket
though is reasonably sure of election."
Again the treachery of the press is In ev
idence, and If Watt Hardin is defeated
It will be by the traitors in his own party
rather than by the republicans. The ex
cuse given for voting against Hardin Is,
he accepted a nomination Inlmicable to
silver and refuses to change his views,
held for a lifetime, as have others to
whose personal Interest it was to so
change.
Senator Blackburn was in Washington
Monday, and he said he would surely be
returned to the senate in spite of the ad
ministration, whose latest tactics is to
get every prominent Kentuckian to be
come a candidate for the United States
senate who can secure the votes of three
of four members of the legislature, there
by weakening Blackburn. This Is the
thusness of Colonel Berry's candidacy,
and more announcements are looked for
any time.
W. C. P. Breckinridge, since he has
turned his back on the silver people, has
been taken to the bosom of the adminis
tration forces in Kentucky, and it Is said
he is apt to come back to congress next
year.
Ohio.
In Ohio there are no traitors. ’Cause
why? The administration people won,
and the silver men. democrats that they
are, "stand to the rack fodder or no fod
der.”
In conversation <vith Col. Ike Hill, the
deputy sergeant-at-arms of the house,
a prominent silver democrat of Ohio and
a member of the executive committee of
the state, he said: "Jimmy Campbell
will win sure! I never saw,” said Col
onel Hill, "suc,i a rallying around one
man. Natlohal Issues have been laid
aside, and sliver democrats, gold demo
crats, high tariff democrats, low tariff
democrats and free trade democrats have
all united to make Campbell governor.
Nor is silver dead In Ohio,” continued
the colonel. “Next year we are going to
have a state primary with the question
voted directly for by the people, and you
will find Ohio sending to the national
convention a delegation, the majority of
which will favor the free and unlimited
coinage of silver at the ratio of 16 to 1.”
As It is in Maryland, Kentucky and
Ohio so it will be at the next national
convention of the democratic party. If
the silver forces capture the convention
the so-called sound money men are as
sure to walk out of the convention hall
as the sun is to rise in the morning.
Should the sound money men win and a
platform be adopted making gold and
gold only the standard of values and
pledging to retire the greenbacks, there
by withdrawing from circulation one
third of the money now In use, the silver
men will bow to the will of the majority
and bide their time until the increased
prices for the necessaries of life demon
strate the trueness of their theory and
give the party of the people Into their
control; for this Is their democracy to
abide the decision of the majority, such
democracy handed down by their fathers .
and not promulgated by Mr. Cleveland
et al.

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