Birmingham state herald., December 21, 1895, Page 4, Image 4

About Birmingham state herald. (Birmingham, Ala.) 1895-1897

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“ STATE HERALD
__—
Entered at the postoffice at Birmingham,
Ala., as second-class matter.
Eastern Business Office, 43 Tribune Build
ing, New York; Western Business Office, 509
“The Rookery," Chicago. S. C. Beckwith,
Sole Agent Foreign Advertising.
Notice to Subscribers—When subscribers
desire to have their papers changed, they
must specify where the paper is now going
and where they wish it changed to. Watch
the label on your paper and see when your
time expires.
The State Herald will appreciate news
from any community. If at a small place
where it has no regular correspondent,
news reports of neighborhood happenings
from any friend will be gratefully received.
All communications, of whatever charac
ter or length, should be written on only one
side of the sheet.
SUBSCRIPTION RATES.
By mail, in advance, postage prepaid.
Daily, one year.$8.00
Daily, six months. 4.00
lciily, three months. 'i0
Daily, one month.70
Daily, one week.20
Weekly, per annum. 1.00
The Daily State Herald is served to city
and suburban subscribers by carriers at
same rates.
Failure of carriers to deliver should be
promptly reported at the business office.
TELEPHONE CALLS.
Business Office.23ft
Editorial Rooms.•.231
All calls after 9 o'clock p. m. should be
sent to the Editorial Rooms.
THE EIGHT START.
The action taken yesterday afternoon
at the joint meeting of the two commit
tees of the Commercial Club regarding
the proposed steel plant for Birmingham
was the right start towards the consum
mation of that important enterprise. The
Ideas expressed by the different gentle
men who addressed the meeting were to
the effect that Birmingham should make
r some kind of a showing for what was
deemed of so much importance to her
real estate and business interests, or.
as Dr. Phillips forcibly expressed It, "Bir
mingham should put up or shut up”
about a steel plant.
The meeting provided for the appoint
ment of a sub-committee, to bo composed
first of the chairmen of the manufac
turing and real estate committees, and
two other members from these commit
tees respectively, who should first formu
late some general plan for a steel plant.
In this primary work this committee will
accept sugestions from any and all
sources, which can be left with the sec
retary of the club, and when this is set
tled then subscription lists will be opened
and circulated generally among our citi
zens. for both money and land. The land
subscriptions will be subject to valua
tion by a commltte selected by the sub
scribers for that purpose, and on the for
mation of the company stock will be is
sued at the fixed valuation.
The representative of one land com
pany present authorized the statement
that his company would subscribe one
tonth of their entire holdings, while sev
eral separate lots in the city were like
wise tendered, so that there Is no ques
tion but that the movement touches a
popular chord and can be made a success
if vigorously and intelligently followed
up.
This is absolutely a clean deal. There
is no scheme back of It in any one's in
terest, but this does not preclude the com
mittee from accepting propositions from
any and all sources, and if It is found
more practical to utilize any plant
nround the city there is nothing to pre
vent acceptance on its merits.
__The presence of some of our big land
compares’ officers at the meeting was
a most encouraging sign, for until the
property owners and land companies
come squarely to the Issue of doing each
what he can, this enterprise may not re
ceive the impetus that it merits, but,
with the city government, the Commer
cial club and the property owners all pull
ing together for one object, there is every
reason to believe that object will be at
tained.
COMPLICATED.
The unprecedented occurrence of the
phootlng of an attorney by the chief jus
tice of a state, which transpired in the
Hate of Tennessee the other day, is com
mented upon as follows by the Chicago
Record:
"From the reports of the latest import
ant public performance of Chief Justice
ID. L. Snodgrass of the supreme court
of Tennessee it is inferred that legal
complications may occasionally be
straightened out under Justice Snod
grass' jurisdiction much more directly
and quickly than In the usual way.
“An attorney In the office of Congress
man Brown of Chattanooga had seen lit
to take exceptions to one of his honor's
rulings, going to the length of alleging
in a public print that the supreme court
liad rendered a certain decision from a
jiolitlcal point of view and not in ac
cordance with the dictates of equity.
The chief justice resented the imputa
tion, and was disposed to overrule the
lawyer's exceptions. With this in mind
und a pistol in his hip pocket he went to
the attorney's office and handed down
an opinion that the attorney was a liar.
The attorney held tills Judgment to he
faulty, and said ns much. In the ensuing
argument the attorney failed to carry his
point, and the chief justice drew his pis
tol and shot him twice. It is because of
this controversy, therefore, that the chief
Justice of Tennessee is now under ball
bonds.
j nere is coining 111 rsiacusiune wmcn
exactly covers the case, and lawyers will
watch with Interest to sec what sort of
precedent is established. In hitting the
chief Justice the lawyer seems to have
been distinctly amenable for contempt
of court. But in shooting the attorney,
on the other hand, the chief justice seems
to have been acting upon undue personal
prejudice, which would render an action
for eont' mpt inadmissible. The attor
ney can show two bullet wounds in proof
that the court's ruling was not justified
in equity. He may even feel impelled to
demand a rehearing of the whole case
after the chief justice's pistol has been
taken away from him.
"Indeed the complications of the affair
dr ly solution. Th legal world should
watch the progress of affairs In Tennes
see to discover the real merits of the
OHs'."
-.• « «
The Chattanooga Times well says:
“While the European press, particularly
the English pr ss, still insists that Pres
ident Cleveland’s recent message Is In
tended alone for political purposes, they
mistake the facts in the case. Did the
people of the United States believe this,
republican papers and leaders would
not be so heartily indorsing the presi
dent's action.-’
ANOTHER MESSAGE.
The president sends another message
to congress. He informs that body that
gold is leaving the treasury so rapidly
through the presentation of greenbacks
that we must replenish the gold reserve
by prompt legislation. The legislation
he asks for is the sale of $500,000,000 of
bonds with which to retire the endless
chain. This means, as we have hereto
fore said, an entallment upon the people
of $15,000,000 annually as interest on the
bonds. It means a tax of $500,000 annu
ally upon the people of Alabama. It
means more than this. Under the presi
dent's policy, if we would preserve a par
ity between gold and silver, his treasury
must be ready to redeem In gold every
silver dollar when presented. Here we
have another $500,000,000 to be funded.
The endless chain will not cease under
the gold programme until everything
except gold Is switched out of the way.
The people are not prepared to saddle
themselves with such a debt. It is too
burdensome for the present generation
to bear. The vote in the senate yester
day upon Senator Allen’s resolution
shows distinctly that the senate, by a
majority of twelve, are in favor of free
silver coinage and a continuance of the
treasury note currency. In face of such
a vote it is impossible for the president's
plan to be adopted by the present con
gress. What then? The president would
nut dare to make another gold loan, be
cause the gold received from the sale of
bonds would at once flow out to Great
Britain to be used as a sinew of war.
He has done all that his best friends
could expect of him. If the result should
be that we cease redeeming the treasury
notes, we get back to where we were
from 1SG2 to 1879—upon a paper basis.
This Is the end of the president’s policy.
Every step that he has taken tended to
such result.
The abandonment of hard money, gold
and silver, as the currency of the people,
is to be deplored for many reasons; but
we have the satisfaction of knowing that
our people enjoyed greater prosperity
when we were upon a greenback basis
than they have since we floundered upon
a gold basis.
ANOTHER BOUNDARY QUESTION.
In his regular message to congress the
president called attention to the impor
tance of an early settlement and defini
tion of the proper boundary line between
Alaska and British America. Partial
conventions have been entered into be
tween the two governments for the set
tlement of so much of this boundary line
as can be determined by actual measure
ment and survey, the latest agreement
for this purpose being dated February 3,
1804. But even this work awaits com
pletion for the lack of the necessary ap
propriations.
There is a very wide difference be
tween the claim of Great Britain
and that of the United States as
to the proper boundary line. If
Great Britain should declare that her
claim is not a matter for arbi
tration and that the United States shall
yield to her pretensions we would have
a case similar to that of the Venezuela
dispute. It is simply intolerant for Great
Britain to fix boundary lines upon this
continent at her own will. A recent wri
ter. discussing the territorial dispute be
tween Great Britain and Venezuela, un
doubtedly lays dowrn the true principle
when he says that “it is an axiom of in
ternational ethics, sanctioned by general
usage, that all boundary disputes aris
ing from Imperfect surveys, or from ad
verse constructions of treaty provisions,
or which turn exclusively upon ascer
tainable historical facts, or which involve
questions of prescriptive right, are, in
the last resort, properly referable to a
joint commission or to outside friendly
arbitration." This is the rule of common
sense and common equity.
Discussing this question the Baltimore
Sun says:
“Such a dispute betw'een nations is pre
cisely analogous to a similar controversy
between owners of adjoining farms. In
the latter case there are courts to resort
to, by which all the evidence in support
of the conflicting claims of the respective
parties can be heard and sifted, and ex
actly equal justice done in the premises.
There is no international tribunal before
which sovereign states can carry their
controversies of a like nature. They
must come to an agreement between
themselves or create a tribunal for them
selves, by whose decision they agree be
forehand to be mutually bound.
“That, we understand, is the fair and
reasonable course which our government
has been urging upon Great Britain in
reference to the Venezuelan dispute. No
civilized and Christian-natlon is supposed
to seek, in a question of disputed boun
daries, more than the evidence shows
that it is justly entitled to. No nation
conscious or confident of having right on
its side should be afraid or umvilling to
submit Its case to the arbitration of an
impartial tribunal. No strong and pow
erful government involved in such a con
troversy with a weaker power can suf
fer any loss of dignity or prestige by ac
cepting arbitration in preference to re
lying upon superior brute force.”
Sir Charles Dilke speaks on foreign
politics wdth Infinitely more knowledge
than Mr. Chamberlain, and in a speech
last week affirmed that the latter’s talk
about imperial federation and a colonial
customs union is imperial nonsense. He
said emphatically and with much truth
that Canada and Australia are much
more likely to think of casting off all
connection with England than of surren
dering a Jot of their present taxing power
or local self-government. Mr. Chamber
lain has, in fact, chosen a peculiarly inap
propriate time for his schemes for inter
national rapprochement.
The Mobile Register need not tuck tail
and take to the woods. The British fleet
can’t get up the channel. If the enemy
should take Pensacola and march an
army across to the rear of Mobile, the
editor of the Register has only to call
out the Blue and Gray and send the
"Lady Slocomb" over to defend Blakely.
Nearly all the governors of the states
have given their opinions upon the Mon
roe doctrine message and the president’s
position, and they are almost unanimous
in their approval and say that the people
of their respective states will support his
patriotic efforts in behalf of the honor
and dignity of the United States.
The democratic state central commit
tee of Indiana gave a rousing reception
to all good democrats throughout the
state at Indianapolis last week, and for
mally launched the boom of Governor
Matthews for the presidency by resolu
tions of support.
President Cleveland can afford to lose
the World, for he has won the Sun.
IT IS QUITE SIGNIFICANT.
(Continued From First Page.)
senate, at least, for the administration
to issue bonds, or that any measure look
ing to a change In our financial system
will be adopted that does not look to the
free coinage of silver. The message
made no sensation. Its appearance
seemed to have been discounted.
The President's Action Condemned.
The special message of the president,
which reached the capitol this afternoon
after the adjournment of the house, was
read with wide-spread astonishment on
all sides. Although Its purpose became
quickly known and circulated rapidly
through the hotels, where many public
men reside, so surprised were they that
at midnight few could be found who
cared to express an opinion for publica
tion either upon its merits or as to the
course which congress would probably
pursue. Privately the republican mem
bers of the house severely criticised the
president. It was contended by a num
ber of these gentlemen that the message
was ill»advised and unnecessary; that
its effect would be to add to the gravity
of the situation, and that congress Is in
no position at present to afford the re
lief desired. Leading republicans say
that no measure satisfactory to them can
either pass the senate or receive the
president’s sanction. On the other hand,
the house, they assert, will not pass any
measure looking to the retirement of
the greenbacks and the substitution
therefor of gold interest-bearing bonds.
Speaker Reed politely declined to ex
press an opinion regarding the message.
He thought it not unlikely that congress
might remain In session with a view of
assisting the executive as far as lay in
its power, but beyond this he declined
to talk. Two things, however, are con
sidered as certain. One Is that congress
will not adjourn tomorrow, as was ex
pected, and, secondly, that the announce
ment of the committees will be made
shortly after the house meets. The pres
ident’s message will first be laid before
the house and after the committees have
been made public it will be referred to
the ways and means committee. Be
yond this course all Is speculation.
The speaker himself has formuated no
programme, although he was in confer
ence several hours tonight with two
prominent republicans, Mr. Dingley of
Maine and and Mr. Cannon of Illinois.
Other gentlemen called later in the even
ing, among them Senators Platt of Con
necticut andChandlerof New Hampshire,
who also discussed the situation. There
will doubtless be another conference be
tween Mr. Reed and others of his party
associates at the capitol tomorrow after
noon.
Some definite plan of action may be
agreed upon. Some republicans regard
it as folly to remain continuously in ses
sion during the holidays, and these will
use their influence to secure a recess
not later than Tuesday next until New
Year’s. They argue that the better plan
is to return home and consult with their
constituents, so that upon reassembling
their work can be more Intelligently per
formed. Those who argue thus con
demn the president’s message in strong
terms. They contend that it would have
been wiser to have consulted with a few
leading senators and representatives of
both parties with respect to the condi
tion of the treasury and secure their co
operation against any adjournment for
the holidays. This, it is claimed, could
have been easily done, thus sparing the
country the shock which they assert It
will naturally experience upon the re
ceipt of the message.
FOREIGN AFFAIRS.
The Holders of American Securities Are Sell
ins Indiscriminately and a Semi
Panic Prevails.
London, Dec. 20.—The Globe says that
the holders of American railroad stocks
here and on the continent aj-e selling in
discriminately, and are In a state of
semi-panic, fearing that the present po
litical disturbance will lead to a financial
panic in the United States.
A Conflict Inevitable.
Dublin. Dec. 20.—Mr. James O'Kelley,
member of parliament for North Roscom
mon, London, editor of the Irish Daily
Independent of Dublin and formerly one
of the editors of the New York Herald,
haB contributed an article to the Inde
pendent In which he says that President
Cleveland's action in the Venezuelan
affair was guided by a remarkable pol
icy, which was certain, sooner or later,
to bring Great Britain and the United
States in actual conflict. Many of the
people believe that a conflict is inevita
ble, and that the sooner it comes the bel
ter for America.
Russian Opinions.
St. Petersburg, Dec. 20.—Several of the
St. Petersburg newspapers discuss the
dispute between Great Britain and the
United States and profess to believe that
the issue w ill specific.
The Novus says the present conflict
interests the whole of Europe, and, there
fore, mediation of certain European
powers with a view to bringing about
a peaceful settlement would be oppor
tune.
Unloading American Securities.
London, Dec. 20.—At 12:30 o’clock this
afternoon quotations on the stock ex
change of American railway securities
showed the following declines, as com
pared with the closing price last evening:
Erie %, Erie seconds 2, Illinois Central
4, St. Paul common 3%, New York Cen
tral 2%, Pennsylvania 1%. Reading %,
Louisville and Nashville 2 and Atchison
common 1. Canadian Pacific and Mexi
can central were also off 1%.
An Attack on Zeitoun Ordered.
Berlin, Dee. 20.—Dispatches from Con
stantinople to the Frankfurter Zeitung
says: The porte has ordered Mustapha
Remsei Pasha to attack wdth 10,000
troops and two batteries the city of Zei
toun and to bombard and destroy It, and
to massacre the 12,000 Armenians in the
city.
Full of Measles.
Kingston. Jamaica, Doc. 20.—The Brit
ish steamer Para from Southampton via
Barbadoos arrived here today with sixty
cases of measles on board. She was de
nied pratique and ordered in quarantine.
Pittsburg Officials Indicted.
Pittsburg. Pa., Dec. 20.—Nine indict
ments have been returned against Ex
CMty Attorney Moreland and Assistant
W. H. House. Three indictments charge
each of the defendants with making con
tracts with three banks used as deposito
ries of city funds. Three are against
Moreland and House jointly, and three
charge Moreland with having made such
contracts, aided and assisted by House.
The indictments are framed under sec
tion 63 of the act of March 31, 1860.
Gold Exports.
New York, Dec. 20.—Up to 11 o’clock $3,400,
000 gold had been engaged for shipment to
Europe tomorrow. The shippers and the
amounts taken are as follows: Hazard
Freres, $1,000,000; Muller, Schall & Co., $900,
000, and H. Von Hoffman, $1,500,000.
Nominations Sent in.
Washington, Dec. 20.—The president today
sent the following nominations: George P.
Newman, Tennessee, to he agent for the
Indians of the Collville agency, in Washing
ton. John F. Anderson, to he postmaster
at Hockhardt, Tex. ; 'A. Hewitt Hill, to be
postmaster at Eustis, Fla.
Chamber of Commerce Got Ashamed.
New York, Dec. 2ft.—Secretary Wilson
states that the call of the special meeting of
the chamber of commerce, Lo take adverse
action on President Cleveland’s message on
the Venezuelan question has been with
drawn.
BUYING FOR
CHRISTMAS
MADE EASY.
LOOK OVER
OUR...
OFFERINGSi
India Seat Rattan Rocker
Cobbler Seat Rocker.
Comfort Rocker.
Sewing Rocker.
Iron Bed.
Brass Bed.
Fancy Work Basket.
Sofa Pillow.
M1 rror.
Baby Coach.
Fur Rug.
Sleepy Hollow Chair.
Leather Couch.
Folding Bed.
Chiffonier.
Fancy Table.
Dressing Table.
Hall Tree.
Tabouret.
Curtain Poles.
Art Square.
Sideboard.
Dining Table.
China Cabinet.
Buffet.
Roman Chair.
Chamber Suit.
Wardrobe.
Book Case.
Ladies Desk.
Office Desk and Chair.
Music Rack.
Carpet Sweeper.
Parlor Suit.
Corner Chair.
Onyx Table.
Etching.
Turkish Rocker.
Easel.
Picture.
Hassock.
Tea Table.
Medicine Chest.
One In
Of the Purchasing
Advantages Christinas Gifts
Which a person has who makes a pur
chase at our stofe lies in the very ex
tensive variety offered for choice. Take,
as an instance, Rocking Chairs. We
have about 400 designs shown on our
floors. The same in Chamber Suits, Par
lor and Dining Room Sets. These have
been gathered from every source whence
good furniture comes. The past week
brought us several shipments from
Grand Rapids factories, the very cream
of their season's products; also, two from
New York’s best factories, and three of
the finest sent from Chicago.
The above holds good throughout our
entire st«L.
FURNITURE and CARPETS.
Hundreds of styles to select from at
all prices, from the very cheapest.
a
Come early and avoid
the rush.
Get the benefit of the
choicest selection of Xmas
ijoods in the State.
TERSELY TOLD.
The public schools closed yesterday for
the holidays.
We have six men at It, and will re
glaze glass promptly. Little Paint Store.
Telephone 71 and have your room made
warm and comfortable with weather
strips. Little Paint Store.
The Philomathic society of Howard
college held a reception in the college
chapel at East Lake last night.
A large number. of cadets from the
state university were in the city yester
day, en route home for the holidays.
There will be services and holy com
munion at the Church of the Advent to
day at 10:30, it being St. Thomas' day.
If you are a merchant and haven't "a
place in the picture” in tomorrow's
Christmas edition of the State Herald,
the people will wonder why.
The Greek and Italian fruit dealers
don't seem to be the least disconcerted
over the edict that their out-of-door bus
iness will sobn have to close doors.
The Southern club will hold a meeting
tonight to consider the matter of a new
building. They have a proposition under
advisement that will likely be adopted.
Quite a number of young ladies who
have been attending colleges at different
places passed through the city yester
day on their way home to spend the hol
idays.
Christmas trade from Pratt City ought
to be lively. The Tennessee Coal, Iron
and Railroad company pay off their em
ployes today, which amounts to about
$75,000.
An alarm of fire was turned in from
Sixth avenue and Twenty-third street
about 12 o'clock last night. The North
side fire department responded promptly,
but the fire was out before they got to it.
No damage was done.
At the College of Music concert (Seals’
hall this afternoon)—Matinee programme
with grand Polonaise for nine pianos and
march for fifty performers, repeated by
request. The greatest musical surprises
ever given in the city. Admission 25
cents.
The stock yard men report that the
demand for beef cattle is 25 cent greater
than this time last year and prices bet
ter. And while a few beeves were ship
ped in from other estates the majority
are Alabama raised and are superior to
any heretofore offered on the market
here.
Tennessee Coal, Iron and Railroad
checks are received by T. C. King, 202S
First avenue, at 90 cents on the dollar
for shoes. He has just bought about
10,000 pairs of ladles', children’s and
men’s shoes at a reduction of 10 to 40 per
cent. You will certainly do yourself an
injustice if you do not see his shoes be
fore you buy.
Every merchant who wants to sell to
the Xmas holiday trade should have an
advertisement In tomorrow's State Her
ald. It will be a very large edition, spec
ially interesting as an illustrated Christ
mas nowspaper.and will be read by all the
reading people of Birmingham and su
burbs and throughout middle and north
Alabama. _
ALABAMA CONVICT COTTON MILL.
Governor Oates Says the Scheme Will Be a
8uccess.
Baltimore, Dec. 20.—The Manufactur
ers' Record has received particulars of
the first cotton mill ever built in this
country, if not in the world, to be op
erated by convicts. The mill Is to be
built by the state of Alabama, and the
operatives are to be females and youth
ful convicts, seven-eighths of them, so
the dispatch says, being negroes. Gov
ernor Oates, from whom full information
comes, believes that the scheme will reap
good profits, as the cotton will be raised
by the convicts on the state plantation
and manufactured on the grounds in this
mill. The mill will be constructed by
convict labor, will be of brick made on
the ground, and the lumber will be sawed
from trees standing on the convict farm
and dressed by the convicts. A com
petent builder will oversee the construc
tion of the mill, the capacity of which
mill will be 5000 spindles, 3000 having al
ready been purchased, the intention be
ing to add the others shortly.
The Investigation Postponed.
New York, Dec. 20.—The Investigation
of the yacht club of the charges made by
Lord Dunraven was commenced this
afternoon, as expected. The meeting has
been postponed until Friday, Decem
ber 27.
PERSONAL.
Hon. W. H. Denson of Gadsden was in
the city yesterday.
Col. Henry B. Foster of Tuskaloosa
was in the city yesterday.
Mr. John H. Cobbs, a prominent citi
zen of Greensboro, was in the City yes
terday.
Manager Campbell of the North Ala
bama railroad was ffmong yesterday's
visitors.
Mr. C. A. Mountjoy left yesterday for
New York, where he will spend the next
two weeks.
Cadet Ed Smith came up from the
State university yesterday to spend the
holidays at home.
Mr. George W. Eley, traveling passen
ger agent of the Southern Pacific, was in
the city yesterday.
Miss Willie Morrow will return home
from school at Nashville, Tenn., today
to spend the holidays.
Mr. Henry McCarty, a prominent
young attorney of Tuskaloosa, is the
guest of his friend, Mr. R. DuPont
Thompson.
Three of Birmingham's young men,
Lieut. H. A. Drennen and G. B. Kelley
and Sergt. W. H. Hood are at home for
the holidays.
Capt. G. F. Hart of Jacksonville, Fla.,
Is visiting friends in the city. Captain
Hart was formerly captain of the Huey
Guards at East Lake.
Cadets L. F. Luckie, Sid Prince, D. P.
Bestor, Jr., and Frank Moody of the
State university were in the city yester
day en route to the Atlanta exposition.
Judge McDavid returned- yesterday
from Atlanta. He reports the exposition
all that is claimed for it and the negro
exhibit as far beyond what he expected.
Mr. E. G. Bingham of the University of
Alabama spent a few hours in the city
yesterday. Mr. Bingham is on his way
to Talladega, where he will spend the
holidays.
Miss Mattie McDavld, en route from
the Atlanta exposition, will arrive today
and will be the guest of Miss Hannah
Elliott, on the South Highlands, until
Monday.
Dr. E. A. Wilson returned yesterday
from Atlanta, accompanied by his sister,
Miss Marion Louise Wilson of St. An
drew’s Bay, Fla., who will spend the
winter with him.
Mr. Alfred Bradley, business manager
for Alexander Salvini, was in the city
yesterday arranging for the engagement
of Mr. Salvini at O’Brien’s opera house
December 27 and 28.
T. C. King, 2026 First avenue, has re
ceived 1000 pairs Bannister shoes—Cor
dovan, French calf, patent leathers and
enamel leathers. Twenty different styles
toes. B, C, D, E lasts; price $4.50 and $3.
Same elsewhere $6 and $7. Nine thousand
pairs other kinds of ladles’, men’s and
children’s, from 10 to 40 per cent reduc
tion. See our Twentieth Century line.
Mr. J. M. Wharton of Hot Springs,
Ark., formerly of this city, well known
and esteemed as a furniture merchant,
Is here in the interest of his hotel, the
Plateau, a finely kept hostelry, which he
recently leased and took possession of
two months ago. The National Educa
tional association will meet soon in Hot
Springs, and Mr. Wharton is here to se
cure the entertainment of delegates and
visitors from Alabama.
Florence hotel arrivals: C. Hubbard,
Rochester, N. Y.; Ed P. Windham, Ox
ford, Ga.; J. P. Bavid, Nashville; W. R.
Wyatt, Rome, Ga.; E. H. Rickman, city;
G. W. Harrison, Jr., Vandcrhilt universi
ty; F. J. Kelley, Louisville; S. Friedman,
TuskolooBa; W. G. Roberts, Nashville;
J. T. Johnston, Atlanta; Fred C. Hucke,
Philadelphia; J. L. Price. Winston, N.
C.; W. F. Christian, Kansas City; W. H.
Hueley, Nashville; Paul Roberts, Iron
ton; J. D. Peeler, Nashville; W. A.
Faulkes and wife.Dyersburg.Tenn.; Miss
S. C. Andress, Holly Springs; M. T. Bar
nett, New York; Mrs. J. B. Robertson,
Talladega; F. S. Carey, Zanesville, O.;
J. C. McFee, Chicago; D. P. Miller, New
York; J. M. Jones, Georgia; J. N. Young,
Winston, N. C.; L. T. Berry, New Or
leans; M. A. Bates, St. Louis; Henry Me
Calla, University of Alabama; George
W. Parke. Cum Peacher. Troy, Ala.;
Tobe Murray, Chicago; Thomas T. Huey,
Bessemer.
xne epree iiian't image.
London, Dec. 20.—Another effort was
made last night to float the north Ger
man Lloyd steamer Spree from New
York, which is stranded on Warden
ledge, Isle of Wight, but the attempt
was unsuccessful. Six powerful tugs
working in concert, aided by the Spree’3
engines, failed to move her an inch from
her position on the rocks of the ledge.
A SMALL PANIC.
The President’s War Message and Heavy Gold
Exports Played Havoc With Wall
Street Business.
New York, Dec. 20.—The New York
stock exchange was greatly stirred up
this morning, the excitement beginning
immediately at the opening of the mar
ket and continuing to steadily increase
as the day advanced. Brokers were in a
feverish state all day, and rushed hither
and thither, yelling like mad. It Is years
since the exchange has witnessed such a
wild scene. As usual on such occasions,
the air was Ailed with wild rumors, and
the stock market was not slow to take on
a panicky feeling. Some members of the
exchange feared the worst, but noble at
tempts were made to rally the fast de
clining market, but only with varying
success. The depression was generally
attributed in financial circles to the ef
fect on foreign bourses of President
Cleveland’s message to congress on the
Venezuelan boundary question. The re
sult of this was a veritable avalanche
of stocks this morning, both from Lon
don and holders in America, whose mar
gins had become exhausted by tremen
dous shrinkage In values. The further
drop of half a point in consols at Lon
PRESENTATIONS
FOR
THE II OLID A YS.
—•—
NECKWEAR.
SUSPENDERS—Silver Buckles.
HANDKERCHIEFS—Linen & Silk.
UMBRELLAS.
SMOKING JACKETS.
BA III ROBES.
—♦—
L. ROGAN & CO.
don accelerated the downward move
ment. The flurry-In call loans caused .
decidedly further depression in the mai - '
ket. The enormous shrinkage in values
caused a general shifting of loans, and
there was a closer scrutiny of collaterals
than for a long time. Yesterday after
noon the money rate got up to 5 per
cent. This morning It opened at 6 per
cent, and immediately thereafter trans
actions were effected at 12, 15 and 25 per
cent. It is expected that this advance in
rates will have a further depressing ef
fect.
At 1:30 p. m. the condition of affairs at
the stock exchange was quieter, and the
market, which had previously fallen 1
to 15 points, recovered anywhere from 1
to 3 per cent. Commission houses were
buyers on the slump, but this buying
was not of very large proportions.
Railway and miscellaneous bonds were
weak and demoralized today, in sympa
thy with the stock market. The depres
sion to a large extent was due to sales
for foreign account, peremptory orders
having been received to dispose of the
active issues on the market. The losses
ranged from 1 to 15 per cent. The sales
of bonds aggregated $3,095,000.
Awarded
Highest Honors—World’s Fair.
DR
BAKING
POWDER
MOST PERFECT MADE.
A pure Grape Cream of Tartar Powder. Free
Sroni Ammonia, Alum or any other adulterant.
40 YEARS THE STANDARD