Newspaper Page Text
< THE MORNING NEWS, 1
. Kstablisbud IRV). Iscorpciutsd 1886. V | J. H. ESTILL, President. ) nterstate commerce. rH E COMMISSION MAKES ITS ANNUAL REPORT. Che Causes of Pooling and Consolida tion and Their Effects Pointed Out— Southern Roads Accused of Slowness in Bringing Their Tariffs into Con formity with the Law. Washington, Nor. 30.—The annual re port of the interstate commerce commission overs about 70 pages of print, with appen dices amounting to some 300 pages. The eport proper is now in type, and the com ileted volume will be ready for distribution n a few days. Some oxtracts are herewith ;iveu: From the best information available, the rad on! mileage of the country on June 30. 1888, is s;:mated at 152,781 miles, of which 2,312 has ct>-j completed and brought into operation rit bin the six months preceding that day. The pilway construction in 188 ti was 8,471 miles and n 1887, 12,688. The number of corporations (■presented in the mileage was 1,231, but by eason of leases or other contract arrangements uauy corporations control and operate one or core roads owned by other corporations, and be whole number making reports of operations ,t the date named was 605. FORMAL COMPLAINTS. A summary of the formal complaints is as ollows; Cases heard and decided 88; cases leard, not yet decided. 6; cases hearing, not ompleted 0; cases withdrawn or settled 23; ases suspended by request, 10; cases assigned or nearing 0. Total 107. In the section of the country north of the “utomac and Ohio, and east of the Missouri, lv cases in which a greater charge is made for liorter transportation are few and their cir •imistanees are such that complaint is not iften made that they operate oppressively. In (ulv of the present year, however, the Ohi lago, St. Paul & Kansas City Rail oad Cos., having a line from Chicago to St. Paul and Minneapolis, announ eii to the commission its purpose to reduce ory largely its rates between the termini of its oad without reducing intermediate rates. TWO PROPOSITIONS. The company laid down two propositions as ustifyiDg its action: First, its rates to interme- Imte stations were perfectly just and reason i.,le, and therefore tliere was no injustice in naiutaiuing tiem; and second, the rates be ween its terminal points were forced town by the unfair competition of mother line. Tue reasoning seemel trong and was certainly plausible. But his was a state of things that at the pleasure if the railroad companies acting generally, or ven of single companies disposed to act in hos ility, might be made to exist at any point of abroad connection in the country, and if a : eater charge on a shorter haul was admissible n the case under investigation, the rule or the th section would be of no practical value what iver. Any railroad company might by he action of competitors be freed of its itiigation and be itself absolved in eturn. The legislature never intended this ■ msequence. It did not intend, as the commis lion believed, that carriers subject to the law, iioul.i at pleasure thus make the rule of the liatute ineffectual. The carrier under investi [ation graded its rates accordingly and the ob ectionab'e rates made by the carter com plained of were also soon discontinued. SLOWNESS IN THE SOUTH. Itt the southern and southwestern states, :he eommi sion lias bad reason to think the •arriers were moving more slowly in bring ng their tariffs into conformity with the reaeral stntutory rulejthan in other sections. The commisdon recognizes the existence of leculiar difficulties in these states, growing )it of the fact that water competition is felt at many points, at some of which it is )f controlling force, but this -nuid not excuse a failure to keep e rule of the statute in view, or to press toward it as rapidly as was found to be practicable. Not being satisfied that this hit v lias been sufficiently apprehended and ibferved by the carriers, the commission tas ordered an investigation to be made of in who I .' subject on Dec. 14 at its rooms in Was ii -ti w. pn it is intended to make a thorough- ’nination of the existing rate be ts a t.. give all parties concerned an Jpportun.ty to Do hearth EFFECT OF THE LAW. The report takes up the subject of the tiTect of the interstate comma ce act upon ’.he <minon carriers,a-.d says that although urn- railroad managers h ive declared it to law had a damaging effect, the commis ■t n is possessed of no evidence showing ina the general result has been otherwise lhan beneficial. Unquestionably, the report toys, the railroad business of the country aas suffered many and severe losses during hie year, but these have not been due to the interstate commerce act but to strikes, the opening up of now roads, which in some cases parallel old lines, and rate wars. With reference to the wars which have token place in the northwest mid among the trunk lines during the year, the report says: The legal right of carriers to reduce their general scale of rates to any extent under the a as it now stands is believed to be unques honabie. They have proceeded to do so to a iru tive extent, and whether with any ulti male benefit to themselves is at least very ques tionable. OBJECT OF THE STATUTE. The statute. In its requirements of reasonable aid lust rates, lias had in view the protection o'the public iroiti extortion arid from unfair fits criminal ions. It docs not assume that railroad eompaniea will need protection against their rates being made unreasonably low, and it has nit conferred upon the commission any r wer to order an increase of rates which it in see are not remunerative. In general, there i re. it may be said that the railroad managers possess the power to desi roy the interests not < nlv of their rivals, but of their own stockhold ers, if they will recklessly make rates that lead to bankruptcy. Independent of any returns to the stockholders, it Is important that rates bo remunerative because of the effect that insuffi cient revenue may have upon the service por tormed for the public. Good service and un reasonably low rates ate antagonistic ideas. FAIR RATES. Die public will never object to fair rates, but J. will never be enlightened as to what are fair 'A', sand disposed steadily to assent to their maintenance, so long as railroad managers in '■leir absurd and destructive wars are perpet laby and in a most emphatic manner, by cut jug fair rates, informing the public that some l,JnS less—perhaps greatly less—can be r forded. One of the chief jierplexities encount ered in dealing with complaints against railroad companies arises from the fact that to ", 5 Public mind the railroad interest of the wntrv seems to bo in some senee shy, so nai when there Is cause for complaint in a '"i anywhere, the whole interest is charge with a degree of moral, if not legal re , fusibility. It is perfectly reasonable toex iwt that the carriers of the country will, in so “j ** ll H found practicable to do so, makesuch ' u aDd Kenerai arrangements among their limber that the public when availing them wit h S 0f l * lc * r Rervi °es shall find an arrangement ono adequate for the purposes of any single transaction. ONE or THE DIFFICULTIES. ,_„ n ® difficulty in the way of making such sr r*"d RT mmt< universal is connected with the mi, . X " f having some means of enforcing i. the carriers themselves the obligations, Thl, i or ' -tal, that would grow out of them ~.... 0tary establishment of such extensive r„i’h?f‘ li ‘oihty would require such mutual ar gements between carriers as would establish authority which should be vestod with ff'* make tratfic arrangements, to fix to ■,, 1 Pfavido for their steady maintenance, a , oinpelthe performance of mutual duties a-i i'rw . members, anil to enforce promptly unrl„ i such sanctionsto their mutual m rstandlngs as might be agreed upon. I 'is ' indefinitely resembling this the heretofore been done through associations, but the sanction which they have as yet n, ~‘./'T whereby observance of good faith Fasti,- m ' ,tu al deallugi could Ist enforced • r p-,-l, r i nu device of pooling their freight thr Den this waa imperfect, because arrangement could always be withdrawn The Morning New. from at pleasure, but pooling is now out of their power, being forbidden by law. CONSOLIDATION THE NEW SCHEME. With pooling prohibited, the tendency among railroads seems to be likely in the direction of consolidation as the only moans of effecs tual protection against mutual jealousies and destructive rate wars. But anything equivalent to consolidation of all the roads or the country under a single head, or even those of a considerable section, whether by merging or by the formation of a confederation, which should have the powers of legal control, or by the creation of what is now technically denominated a tru t, could hardly be supposed possible, even if the parties were at liberty to form it at pleasure. If the parties could come into harmony on the subject, an arrangement of this sort would be so overshad owing, so powerful in its control over the business interests of the country and so susceptible of being used for mischievous purposes in many ways, that public policy could not for a moment sanction it, at least unless by statute it were held in close legal re straints and under effectual public supervision and control. TOO THREATENING. Voluntary arrangements of the kind in other lines of business are already sufficiently threatening to the public interest, and the most ardent advocate of the concen tration of railroad authority |can not reasonably expect that anything of a sort to control the transportation of the country will be provided for by legislation. Without legislation to favor it. little can be done beyond the formation of consulting and advisory asso ciations and the work of these is not only neces sarily defective, but it is also limited to a cir cumscribed territory. In the absence of any such concession of authority carriers by rail have it in their power to do very much toward establishing better relations with the public at large and toward performing better service for the public by first establishing better relations among themselves. The need of this is very impera tive. The first requisite to the establishment of better relations among carriers by rail would seem to be recognition on their part of the fact that they seem to the public to constitute a class with to some extent, at least, common in terests and likely to be controlled by the same motives. While the commission is not at this time pre pared to recommend general legislation toward the establishment and promotion of relations between carriers that shall better subserve the public interest than those which are now com mon, it must, nevertheless, look forward to the posssibility of something of that nature becom ing at some time imperative, unless great im provement in the existing condition of tilings is voluntarily inaugurated. EFFECT UPON DISTRIBUTION. The report co aiders the subject of the effect of the law upon distribution, showing that the result of the adjustment of rates required by the act has been in some cases to afford a larger choice of points of "distri bution to interior towns anil thus les-en the injurious traffic distributing points formerly favored in rates. The subject of uniform classification is treated at length, the history of former and present legislations beginning with a discussion of the principles of property applicable. After stating the great difficulty iii framing a universal classifica tion and the effect it would have upon local interests, the commission concludes that uniformity in classification as fast, and as far as it can be accomplished without serious mischiefs, is desirable. The subject of the payment of commis sions is treated extensively. Tho reasons advanced in support of the system are stated, but the commission believe that the evils of the system are much more clearly apparent than its advantages. The subject is thought to be of sufficient importance to justify the commission in bringing it to tho attention of congress. PUNISHABLE OFFENSES. There are provisions in the act as it now stands which would render a carrier, its officers or agents punishable if, by false bill ing, false classification, false weighing or false report of weight, or by any other de vice or means whatsoever, they shall give undue or unreasonable preferences or ad vantages. The commission believes that the penal provisions against wrongs of this nature should embrace also the owner of the property, or any party acting for the owner or consignor of the property, who shall be a party to any such unlawful con duct. The commission recommend that the carriers engaged independently in inter state traffic on the rivers, lakes and other navigable waters of the coun try bo put in respect to making, publishing and maintaining rates, upon the same footing with interstate carriers by rail. It is believed that they will be bene fited rather than harmed thereby, and that the excuses now made by carriers by rail for the great di-parities in rates for corre sponding transportations as, between points w hich are, and points which are not, affected by water competition, would thereby to a large extent be taken away. RATES ON COTTON. $1 50 Per Bale from Meridian to New Orleans Enough. Washington, Nov. 30.—The interstate commerce commission in the case of the New Orleans cotton exchange against the Cincinnati, New Orleans and Texaß Railway Company and others hold as follows: 1. To correctly estimate the causes influencing ttie movement of cotton and the falling off in the proportion of the crop rec ived at New Orleans in recent years, the roil lines of trans portation constructed improved methods, and new conditions must be taken into account. 2. Whether the railroad companies combine or act separately in making rates and charges is not so important; the essential requirement is that, however made, they should lie reason able of themselves and so fairly adjusted as to be reasonable in their relations to each other and in their results. 3. That under like conditions freight can be carried proportionally lower for long than for short distances is as nearly settled as anything reluting to railroad charges can be. Equal mileage rates would often prevent legitimate competition anil give a monopoly in transpor tation to the best and shortest road. 4. The reasonableness of rates cannot lie fairly determined in a proceeding to which some of the parties responsible for such rates are.not parties. 5. Commerce between points in the same state, but which In being carried from one place to another (>aseg through another state Is in terstate eommeice, and subject to regulation by the provisions of the act to regulate com merce. #. In determining what are reasonable rates, the fact that a road e-rns little more than the operating expenses is not to be overlooked, but it cannot be made to justify grossly excessive rates. Whenever there are more roads than business at fair rates will remunerate, they must rely upon future earnings for their return investments and profits. 7. To be reasonable, the rate from Meridian to New Orleans should not exoeed 91 50 per bale, compressed cotton. Cleveland’s Future Home. Washington, Nov. 30.—Tho story that the President and Mrs. Cleveland have de termined to go abroad next summer is a complete fabrication. They have made no plans at all as yet. The Pre ldent has heard a great deal front Postmaster General Dick inson about tho charms of tho Orange mountains, New Jersey, and has some idea of settling down there after March 4. Lost Light Ships Recovered. Washington, Nov. 30.—Telegrams have been received by tho light house board announcing the recovery of the light ships at Frying Pan Shoals, N. O.; at Cross Rip, Moss., and at Pollok Rip, Vineyard sound, which ;rted their cables and drifted from their moorings during the recent blizsard. Tho first mentioned light ship drifted fifty miles from biff- station. A Resignation. Washington, Nov. 30. —The Indian commissioner has resigned. SAVANNAH, GA., SATURDAY, DECEMBER I, 1888. BUILDING Ul' THE NAVY. THE NATION SOON TO BE SECOND IN UNARMED CRUISERS. A Lesson Taken from the Destructive Work Done by the Confederate Navy Ability to Protect One of the E ssentials to a Commercial Marine- Power of Machinery. Washington, Nov. 30.—Secretary Whit ney has presented his annual report to the President. After giving a brief review of the condition of the uavy as it will exist March 4, 1889, in comparison with the same 9# it existed March 4 1885, and furnishiug a list of the armored vessels heretofore cu thorized by congress, the secretary says: So far as armored shir s are concerned, tl • subject is yet to bo treated in a broad way by the department and by congress. AL the pn 9 ent time tae conditions are such that every thing necessary to a first-class fighting ship con be produced and furnished to the department in this country as soon as in the course of con struction any element or feature is required, but this has never until the present time been true, and therefore the consideration of the subject lias >eeu necessarily postponed by the department until tho present time. COMING UP AMONG THIS NATIONS. The efforts of the department in ship con struction have necessarily, since March, JBb\ been devoted to unarmored vessels: audr.s to these, th© department is able to report tb it when the ships in course of construction an 1 those authorized shall have been completed, the United States will rank second among tho nations in the possession of unarmored orui ;ers, or “commerce destroyers,” having the highest characteristics, viz: of a size of 3,000 tons and upward, and possessing a sj>eed of nineteen knots per hour and upward. The importance which has beeu placed upon mis branch of naval armament w.ll be appreciated from the statement that England an i France possesses sixty-five vessels of the class known as ua armored cruisers. CONFEDERATE CRUISERS. The attention of the world was attracted to the destructive effect which was produced upon the commerce of the United States by cruisers fit ted out under the auspices of the confederacy in the war of the rebellion. The total tonnage of the registered vessels of the United States had risen year by year until, in 1861. it amounted to 2.64^,628 tons: and liotweeu 1861 and 1860 it was reduced to 1,402,926 tons, or, in other words, to the point which we had reached iu 1849, from which decline we have never recovered. The insurance war risk upon American vessels dur ing the war rose in exceptional cases to as high as 25 per cent. Sir Charles Wilson, director general of the ordnance survey of Great Britain, recently stated that “If there is one point clearer than another in the history of commerce, it is this: That when a state cannot effectually protect its carrying trade in time of war, that trade passes from it and does not return.” And Lord Charles Beresford, lately member of the board of ad miralty, in the same connection stated: “To day one-half of the people in England would absolutely have no bread to eat out for the food that comes in over the sea. It is a matter of life and death for you to protect your com merce, and you have uot the ships to do it with.” **** We cannot at present protect our coast, but we can return blow for blow, for we shall soon l)e in a condition to launch a fleet of large and fast cruisers against the commerce of an enemy to indict most serious and lasting injury thereon. POWER OF MACHINERY. With regard to the production of power by machinery, the report says: An examination of the state of tho art in 1885, led to the conclusion that the machinery of naval vessels ought to be so designed as to pro duce ten-horse power for each ton of machin ery; and it was determined to make that the standard, and to enter into no concracts that were not based substantially thereon. Plans of machinery were purchased abroad, which upon trial has approximated that result. Bidders were authorized to bid upon plans thus submit ted to competition, or were permitted to sub mit their own plans, but were obliged to guar antee the results determined upon by the de partment, under severe penalties for failure and with compensating premiums in case of attaining better results. It results that all the contracts for the construction < f ■hips which have been entered since March, 1885, call for the production of power by the machinery equal to the highest standards. The efforts of tho department in this matter have been cordially seconded by the bureau chiefs; and it is believed that at the present time the department has reached the point where entire reliance can be placed upon it for the produc tion of war vessels equal in character to thOFe of any other country. DEMOCRATIC ECONOMY. It is gratifying to be able to report that ss will be seeu from the following table, notwith standing the large expenditures for the new navy in the last three yearH, the reduction in other directions has made the total expenditures of the department less for these years than for the three years ending June, 30, 1884, the ordinary expenses of the department having beeu reduced over 20 per cent. The year 1884- , 85 was omitted from the table as not having been wholly in either administration. The total expenditures of the department for the three years ended Juno 30, 1884, were compared with the three y**ars ended June SO. 4888, the items taken from the reports of the fourth auditor of the treasury, and dis tributed under the various objects of the ex penditures.” Here follows the table mentioned above, show ing that the expenditures for the year ending June 30, 1882, 'B3 and 'B4, were $47,979,397, and for the years euding June 30, 18b6, 'B7' '6B, $46,- 830,630. COAST AND HARBOR DEFENSE. Under the head of coast and harbor de fense, the secretary says: In the last annual report of the department, considerations were given leading to the conclu sion that it would be unwise for the department to follow the course of European powers in building unprotected torpedo boats: and in the present uncertainty regarding the practicability of sub marine boats, and while waiting a prac tical trial of the dynamite gunboat, it has been deemed wise for the department to build one light draught, heavily armored, harbor defense floating battery or rain, for which designs have been prepared by the bureau of construction and steam engineering, in consultation with tr.e chief of the bureau of ord nance. The advertisements for this vessel call for the submission of bids in the month of February next. The characteristics will be found stated in the table of armored vessels be fore mentioned.” The business methods of the department are discussed at some length and a his tory given to the efforts being made to sim plify, systematize and improve them. FABT PROTECTED CRUISERS. A chapter Is devoted to naval progress during the year at home and abroad, and in it the statement is made that tho necessity for an increased number of fast protected whether for the purposes of pro tecting or destroying commerce, or for service with a fleet, ao scouts, has boen emphasized during the naval maneuvers of the year, and is fully recognized by all naval powers. But with the increase of the number of cruisers it has been recognized in view of the recent introduction of high explosive projectiles, and the increase of power and rapidity of flre of rapid-fire and other guns, that renewed attention|mustbe given to the armored fleet, end the prevailing opinion in England, France, Italy, Ger many and Russia is strongly in favor of additional armored -hips to be built at an early date. In these new vessels the armor will be much more widely distributed, and will certainly protect the battery and crew as well as the water lino and machinery. The destructiveness of high explosive shell fire agdi st unprotected sides emphasizes the peculiar advantages of the monitor type for coast defenso servic e. IMPROVED PROJECTILES. The secretary considers the subjects of improved powder, proiectilee and torpedo boats, saying in regard to the latter that the recent naval maneuvers abroad have shown that they must still ba regarded ns tho most useful'for coast and harbor de fense. The estimate for tho navy and marine corps for tho current fiscal year amounted to $23,003,624. Those for the nest fiscal year amount to $26,767,677, a difference of $3,764,053. The appropriations for the cur rent fiscal year amount to (10,943,841, being $6,825,196 less thau the estimate for the next fiscal year. The secretary closes by giving the main points of the reports submitted by tho ad miral of the uavy, tho chiefs of tho various naval bureaus and the board of visitors to toe United States naval academy, abstracts of which have been published from time to time, as they were placed iu tho hands of the secretary. CONGRESSMEN ON HAND. Allison on Every 81ate for a Cabinet Position. Washington, Nov. 30. —There was a noticeable increase to-day in the number of congressmen about tho Capitol, but a great preponderance of the number naturally was on tho House side. \ S.-nator Aliison was the principal arri val it the north end of tho building. He had comedirect from Indianapolis,where ho had an interview with President-elect Har rison, but nothing was to bo learned from him about those subjects upon which he could spesk with most iutere.'t to polittcaus ami public men. Ho is on every slate for a cabinet position, and Representative Henderson of his state is quoted as saying that Senator Allison will not accept any other portfolio that that of the treasury. the house wing. The House wing of the capital was un usually quiet to-aav, the chamber being oc cupied only by a few, a dozen or more, em ployes figuring up the political complexion of the now House, and a small number of republicau congressmen exchanging con gratulations upon the result of the recent election. In the office of the clerk of the House there was a small gathering of democratic mem bers, including Messrs. Mills, McMiUin and Springer, who passed away the time in an informal chat over the|situation, but in the absence of [Speaker Carlisle, who will ar rive in the city to-morrow, there is no for mal agreement as to what attitude the dem ocratic members should assume in regard to pending legislation at the approaching ses sion. APPROPRIATION BILLS. The members of the House committee on appropriations wore busy in completing the consideration of the District of Columbia appropriation bill, and expect to have it ready for report to the house during the coming week. The sundry civil bill is also well under wav. The other committees having appro priation bills in charge have not yet started to work, but as these measures will in the main be practically copies of the appropria tion bills for the current yeat j there is no reason to apprehend much delay in their preparation. TREASURY DISBURSEMENTS. Heavy Payments for Pensions During! the Month. Washington, Nov. 30. —The treasury disbursements have been unusually large during month of November, the pension payment alone amounting to $22,700,000. In consequence of this it is estimated at the department this evening, that the public debt statement to be issued to-morrow will show an anparent increase of $11,500,000 in tho debt since Nov. 1, instead of the usual monthly reduction. There is, of course, no nctual increase in the debt itself, but merely a reduction of ccsh in the treasury availa ble for the payment of the debt. HAYTI MAKE3 AMENDS. Tho Schooner William Jones Com pensated for Her Detention. Washington, Nov. 30. —The United States Consul at Port-au-Prince informs the department of state, under date of Nov. 16, that tho schooner William Jones of Boston, Mass., which was captured on Oct. 20 while proceeding to Gonaivies and arbitrarily ordered to Port-au-Prince, has been released and an indemnity of SI,OOO paid to Capt. Collins, the principal owner, and all the port charges and customs duties on the cargo remitted. The consul says thismav be considered a very satisfactory disposi tion of the incident of tho illegal capture and detention of the vessel. REFUNDING DIRECT TAXES. The Probable Fate of the Bill Now Before Congress. Washington, Nov. 30.—The Senate bill to refund the direct, tax.being a special order in the House, is likely to receive considera tion before tho holiday recess. It will prob ably pass. The democrats will not filibuster against it. They will discuss it sufficiently to exhibit its faults and expose the man and the methods behind it. Then they will let it go to the President. He will promptly send it back with one of his vetoes, and tliere it will stand until tie next congress comes in. Then the democrats will prob ably filibuster against it. BACRILIGIOUS ANARCHISTS. A Denial at Chicago That There was Anything to Thank God Bor. Chicago, Nov. 30. — A meeting of 250 people at Thalia hall yesterday afternoon, was os close an imitation as possible of the anarchist gathering on Thanksgiving day preceding the Haymarket outbreak. The speukors were guarded in their utterances, but the spirit of tho assemblage was shown by tbc distribution among those present of a number of copies of a hand bill of Herr Most which, caused the disruption of the international in 1882, driving out those who did not beliovo in dyna mite. The principal speaker was Albert Curtin. He said the present system of society was not worth giving thanks for, but was worth cursing to the lowest dopt of hell. Whom should they thankf God? If there was a God, what a monster he must be to permit so much misery. Let fools be thankful for their wretchedness: working men should stand together until their ideals of socialism and anarchism were fully realized. Honor Baved by Poor Shooting. Paris, Nov. 30.—Tho duel between M. Paul Deroulado and M. Reinach, editor of the Rrpublique Francaist , took place this morning. Pistols were used. Four shots were exchanged, but neither combatant was hurt. _ Causes Brights Friends Pain. London, Nov. 30.—The announcement that the GUdstouians have selected Lord Compton t > contest lor John Bright's seat in | arliament has caused Mr. Bright’s friends much pain. lolstoi Apt to Resign. St. Petersburg. Not. 30.—Count Tolstoi is likely to resign the portfolio of minister of the Interior, it is reported that he has softening of the brain. HARRISON WILL GO SLOW HE WON’T FETTER HIMSELF PY MAKING PROMISES. Senator Farvvell Published ns Quoting the President Elect to Thia Effect Allison Considered a Sure Cabinet Member by Congressmen Now at the National Capita!. Chicago, Nov. 30.—The Dni.’t/ A>?e published an interview with Beuator Far well, in the c urse of which ha is quoted as saying: “My visit to Gen. Harrison was a social one, of course, but he told tue som ■- thing that shows that you newspaper men are away off the track, ns It were, in your speculations regarding President elect Harrison’s plans. ‘Senator,’ ho sad to me last Wednesday, ‘I have got big ears and a very little mouth. Thero is more talk about my alleged intentions than 1 ever dreamed there could be, but I will tell you one thing, anil that is this: Ido not propose to offer, promise, or ap point any mart to office for some time to come. Most of nty predecessors as soon as elected, adopted tho course of at onee making promises and quieting this and that fa itiou by appointments. Borne of our Presidents succeeded so well that they gave more offices than they had at their disposal, and the result was not exectly as they wi hod. I shall do nothing of the kind. I shall lo' k about me carefully, examine everything, and then bo very deliberate about my selections, making no promises that 1 am not absolutely certain that I can fulfil!.’" A BLOW TO BOND BUYERS. A Million In Township Paper Said, to be Illegal. Columbia, 8. C., Nov. 30.—Tho state supreme court to-day rendered a decision which has knocked tho hott/Om out of about $1,000,000 of township bonds issued in this state in aid of the building of railroads. For the past five or six years numerous railroad projects have been started in this state and several new lines bave been either completed or commenced. It is usual in granting charters to these roads to in clude a section in the act, giving to townships in the several counties through which the proposed road is to run corporate powers to issue bonds to aid in the construction of the roads, the taxpayers voting a specified tax to meet the interest and principal of the bonds issued. The suit, which was decided to-day, was commenced iu Abbeville county. A PROTEST. The tax payers in a township in th it county paid their railroad duos under pro test, and brought suit against the county treasurer to test the constitutionality of the tax. The circuit court decided that the act in question was unconstitutional, and the case was carried to the supreme court, which to-day sustained the decision of the circuit court. The decision was, however, a little mixed. The chief justice decides that the townships are not vested with cor porate powers by the act in question. As sociate Justice Mclver sustains two of the grounds of unconstitutionality and Asso ciate Justice McGowan dissents from both. THE AMOUNT AT STAKE. The exact nmount of the bonds affected by this decision cannot be definitely ascer tained as yet. It is said, however, to amount to about $1,000,000 and to include bonds of the Charleston, Cincinnati and Chicago; the Cumberland Gap; the Carolina, Knoxville and Western, and the Columbia, Newberry and Laurens railroads, and perhaps several others. A large amount of these bonds are held by persons at the county scats of the various townships which issued the bonds, and others are held by the banks in Charleston, Columbia, Augusta, in several interior towns and a considerable amount in northern trade centers. Tho announce ment of the decision has caused consider erable stir in financial and railroad circles. TRIED TO WRECK A TRAIN. He Was Seen in the Act and is Now a Prisoner in Jail. Dayton, 0., Nov. 30. —John Rogers, a painter of this city, was put off a Dayton and Michigan train near Johnson station. He started to walk back here, and for re venge, as he came along, drove spikes be tween joints of the rails, anil piled ties and stones on the track with the evident inten tion of wrecking the south-bound express, that should arrive here at noou. Ho was observed by some section men, who gave chase on a handcar. They captured the man and took him to Johnson station, where he was kept in the charge of a passenger train crew, who brought him here, and ho is now in the city prison. Oregon's Official Count. Portland, Ore., Nov. 30.—The official canvass of the Btnte vote has just bean com pleted. The following nro the official figures: Harrison, 53,293: Cleveland, 26,524; Fisk, 1,677; Streeter, 563; mattering, 61; total vote of the state, 61,918; Harrison’s plurality, 6,769. In tho state election last June, Hermann’s, rep., total vote f >r con gressman was 32.820 and Gearing’s, deni., 25,413, Hermann’s plurality being 7,407. At tho lost presidential election Blaine’s total vote in the stale wa* 20.800 and Cleve land’s 24,694, making Blaine's plurality 2,256, North Carolina's Vote. Raleigh, N. C., Nov. 30.—The state canvassing board to-day completed the count of the vote for judges and for the constitutional amendment increasing the number of supreme court juil es to five. The democratic majorities run from 15,900 to 47,343. Tho amendment was carried by a majority of 92,568. Tho count of the vote for state officers and members of congress will bo resumed to-morrow. , A buit for h Recount. Louisville, Ky., Nov. 30.—A. E. Wil son, who ran against Congressman Caruth for representative in the Kiftv-flrst eongrohs, has entered suit for a recount of the vote. Ho alleges that the law was not complied with iu the final count by the district ex amining board. California's Vote. Baoramento, Cal., Nov. 30.—The vote for electors of California, as announced by the seer tary of state to day, is as follows; Harrison 124,809, Cleveland 117,779, Fisk 5,701, Curtis 1,591. Wisconsin's Vote. Milwaukee, Wis., Nov, 30. —The final canvass shows that tho total vote for Presi dent wa5354,664, an increase of 84,776 over the vo.o of 1884. Harrison’s plurality is 21,271, Kentucky’s Vote Announced. Louisville, Ky., Nov. 30.—The official vote of Kentucky is as follows: Cleveland, 183,890: Harrison. 155,134; Fisk, 5,225; labor, 622; Bolva Lockwood, 2. Bond Purchases. Washington, Not. 39.— The bond offer ings to-day aggregated $90,150. The secre tary accepted $20,150 4)<i, ex-lutereet, at 108. SALISBURY'S SPEECH. Ho Declares Himself in Favor of Woman riutfra'go London, Nov. 30. ln his speech at Edin burgh yesterday, Lord Salisbury declared himself in favor of woman suffrage, and said be hoped tho day was not far distant when women would be allowed to vote. Referring to the arrears of rent question, he contended that there could not boa greater mistake than to compare the por tion of tho Scotch crofters with that of tho Irish to:iant-. The latter, he said, obtained assistance and privileges unknown in any other country. TREATMENT OF IRISH PRISONERS. Lord Salisbury in a speech at Edinburgh to-day, referring to the treatment of Irish political prisoners, held tbul such treatment ought to deter others from following their example, and that so long as such offenders were dangerous to the community they must bo treated like other offenders. He warned tho unionists to watch Mr. Gladstone, who ho said was showing an increasing tendency to accept the extremist view of the aepar tisis. There is growing i:i Mr. Gladstone’s mind a distinct idea of tho separation of Ireland. He (Lord Salisbury) trusted that the Scotch liberals would cease to attach importance to mere (tarty names, Tho great que-tions of upholding tho empire and providing employment for its rnilho s ought to be considered supremo from a pa triotic point of view. PARNELLITE3 AND A PLAOARD. Justice Hannon to Serve a Notice on the Publishers. London, Nov. SO.—At the meeting of the Parnell commission to-day Sir Charles Russell, counsel for the Parnellites, asked tho opinion of the bench upon the propriety of a placard which had been posted calling a public meeting to bear an address by men named Mitchell and Norah Fitzmaunce, who had appeared as witnesses for the de fense before tho commission. Presiding Justice Hannan said thejilaes.rd was unjustifiable. Ho would serve a notice on the firm which published it. Land Agent Hussey testified that tenants paid their rents secretly or did not pay them at all, because they were afraid of being shot. He said there were no moonlighters, sceret societies or outrages in couuty Kerry before the league was formed. Stephen Williamson, member of parlia ment for Kilmarnock, has subscribed SI,OOO to the Parnell defense fund. BHEEHY S COMPLAINTS. The Crown Solicitor May Be Accusd of Contempt. London, Nov. 30.—The committee inves tigating the circumstances of the arrest of Mr. Hheohy, member of parliament, by an Irish constable in the precincts of the House of Commons, to day L.*ard the chief inspec tor of the parliamentary police, who said that if the constable’s business had been known he would not have been admitted to the house After the examination of other witnesses tho inquiry was adjourned. Finucane and Bheehy, Parnellitle mem bers of parliament, receive,! registered letters to-day addressed ‘‘members’ lobby" from the crown solicitor. They contained a legal undertaking for signature to appear at a fixed date for trial. This action is considered us another breach of privilege. It is doubtful if either gentleman will sign the document. The matter may be brought before the select committee, Frederick's Original Diary. London, Nov. 30.—1 tis stated that Emperor Frederick’s original diary is in the possession of Queen Victoria, who has a copyright on it. TO BE PROSECUTED. Berlin, Nov. 30. —The Vosxiche Zeitung and J’oit announce ttiat the Kieltr Zeitung will be prosecuted at the instance of the emperor for publishing Emperor Fi odenck's diary of 1866. Auetro-German Friction. Berlin, Nov. 30.—The Vossiche Zeitung, referring lo the discussion concerning Count von Taafe, save that the origin of the existing ill feeling between Berlin and Vienna papers is duo to certain occurrences during Emperor William’s visit to Vienna, public criticism of which is impossible. Russia's Ministers ItoNDON. Nov. 30.—The Chronicle'* Rome correspondent say*: M. Bouteuielf, of the Russian embassy at London is mentioned for the post of minister to Bulgaria iu tho event of the appointment of M. Bout enieff, M. IswaLki will return to Washing ton. "he Extra War Budget. Paris, Nov. 30.—Tho budget committee lias assented to tho plans of M. Pevtral, minister of war and finance, respectively, for an extra war budget of a milliard of francs, the allotment for 1889 to amount to 125,000,000 francs. Russia and Bulgaria. London, Nov. 30.—A dispatch from Bucharest to the Timr* says that Ihe Rus sians are building pontoons at lteni in rernl inesr to bridge the Danube. This would form a point for an attack on Bulgaria. Only to be Prosecuted. Paris, Nov. SO.—The committee of the chamber of deputies which lias been consid ering the charges made by Numa Gilly against various members of the budget com mittee, has authorized bis prosecution. Queensland's Govornor. London, Nov. 30.—The government an nounced in the commons this afternoon that Hir Henry Norman had I•een appointed to the governorship of Queensland. Spain’s Cortes. Madrid, Nov. 30. — The cortes was opened to-day by Prime Minister Hsga-Ua, who read the decree convoking the session. No speech was made from tho throne. Panama's Canal. Paris, Nov. 30.—Le Temps states that tho remainder of tho Panama canal lottery loan will be 1-sued Dec. 12, and that the price will be 325 francs. Egypt's Cotton Fields. CAIRO. Nov. 30.—The retort of tho Egyptian Cotton Association for November says that bad weather during the month re tarded the crop. A Frenchman Expelled. Berlin, Nov. 80. —Col. Htaffol, formerly French military attacho, has been expelled from Alsace-Lorraine. Trinidad and Tobago. ItoNDON, Nov 30.—The Pull Mall Gazette announces a union of tho colonies of Trin idad and Tobago. Belgium's Coal Mine Strike Over. ItoNDON, Nor. 30.— The strike of th coal miners in the various districts of Belgium has ended. i iUir.Y SSO A YFAR. I < 5 CENTS A COPY. > ( WEEKLY,SI.2S A YEAR ) TRADE TAKES A HOLIDAY THANKSGIVING THE CAUSE OF LESS ACTIVITY. Confidence Regarding Future Opera tions Not Materially Diminished However—Stocks a Trifle Higher Than a Week Ago—Some Slackening in Business on Account of the Cotton Crop. New York, Nov. 30.—1 t. O. Dun & Co.’s review of trade for the week says: Thanks giving week, as usual, has brought com parn ive inactivity in many lines of trade, but confidence regarding future operations does not materially diminish. Tho outgo of g Id and the situation in the speculative mar kets, however, cause lower prices in almost every branch, but iu stocks some recovery has followed reports of new and important agreomonU between railroad managers. A rise, averaging about 50 cents pe • share for tho more active stocks, does not yot appear to indicate a change of tone at home or abroad, unless new plans for a sett lement of difficulties speedily prove successful. TRADE ACCOUNTS MORE VARIABLE. Trade accounts from tho interior this week are more variable than usual, indicat ing some slackening of busin ss at man f point". At the south the delay in marl; - ing cotton lias much influence. Collections do not improve at the south, but srom fairly satisfactory at most northern cities, and at some are decidedly better. It is to be no ticed that while the number of failure; for the (last live weeks has been greater by 76 or 77 per cent, than for the same weeks last year, local reports do not indicate that many have been important or that the ag gregate of liabilities is unusually largo. DRY GOODS nOLD THEIR OWN. The dry goods market is more healthy as to cottons, and with print cloths stronger as 3.94 cents, the prices of other goods appear to be suffering. In tho woollens trade com paratively little is doing. Dios, goods :re in fair demand, but the trade in heavy weight woollens and in flannels and blank ets is light, and k it goods are quiet. As the outlook depends largely upon congres s.onal action regarding the classification of goods imported as worsteds, the hesita tion in this department is likeiy to continue. BOOTS AND SHOES. No advance in tho price of boots and slves is now oxpocted and the trade looks promis ing. i'ho broadstuffs market, after a sharp de pression, has recovered a little, but, with sales of 30,000,000 bushels, wheat closes lower, corn 2% and oats V lower. Cotton is % lower, and while the Texas estimates of the yield are reduced to 1,600,- 000 bales, the prevalent opi ion is still that the crop will be nearly, though not quite, as lurgo us Inst year. UNCERTAINTY IN IRON. The uncertainty in the iron business in creases. More furnaces arc g ing into blast; every furnace In the Pittsburg district is in operation, and tho output is larger than ever. Buyers naturally look for lower prices, ami tho Thomas Iron Company, ac cording to reports, has intimated that its contract prices for next year w ill not bn raised. But the rail mai ket. is dull, an 1 after sharp competition between Pittsburg and Chicago an order for 30,000 tons was taken at less than $26 at the mill, it is stated, which would t e the lowest price on record, contra-ting with $57 25 a year ago. The combination agreed tnat any mill may sed tho whole or a great (tart of its prod ucts to any other, but tho prospect for a large demand hereafter does not improve. Pig and bar iron are both less firm in tone. EXPORTS AND IMPORTS. Tho exports of merchandise from New York will be substantially the same in Novemb r as in the same month last year, with a decrease of 2 per cent, in imports, but a largo excess of exports for the month, which these figures mdicaie, has not much effect upon the monetary pros|>ecis so long as the movement in securities is uncertain. The business failures occurring through out t e country during last week number for the United Bli||u, 201 and for Canada 51, a total of 232, against 296 last week. A liangi .g at Aiken. Charleston, Nov. 30.— James Wood (colored) was hanged at Aikcu to-day for the murder of another negro. HE WILTED ON THE GIBBET. Placervii.lk, Cal.. Nov. 30.—John Henry Meyer was hauled to-day for tho murder of John Jto well, a ranchman, last March. Meyers had to be almost carried to the scaffold, and was so weak that two deputies held him in an erect position till the trap was sprung. Norfolk and Western’s Karninga, Philadelphia, Nov. 50. —The statement for the Norfolk and Western Railroad Com pany for October, 1888, shows gross earn ings of $467,776, expenses of $266,726, net earnings of $201,059, an increase of $784 as compared with October, 1887. For the ten months ended Oct. 51, 1888, the uet earnings were $1,599,603, an increase of $169,941 as compared witli tho corresponding period last year. A Kansas Bank Assigns. Topeka, Kan., Nov. 30.—A telegram received in this city states that the Woods* dale .State Bank has suspended. Its financed liad not been judiciously managed, and the Hi'titiition had not been il >ing a profitable business for several months. D. W. Walker, who is the principal depositor, had an at tachment sei ved on the bank and all lU property. A Deputy Postmaster Arrested. St. LOUIS, Nov. 30.—A Little Rock (Ark ) dispatch says: ‘‘Posloffice Inspect*>rs Nelson and Pettigrew to-day arrested J. H. Snow den, deputy postmaster at Centerbridge, foi systematically robbing tbe mails. His pecu lations run back several month* and amount to $1,200. Snowdon is a doctor, minister and ieutling merchant of the town.” Defeat of the Strikers. Indianapolis, Jnd., Nov. SO—Tho switchmen's strike developed nothing start ling to-day. The railroads were bu hly at work. Trains are moving in all the various yard* with about the usual rapidity and regularity. The strike practically exists now only"iu name. Sutton’s Rescuers Wanted. Richmond, Va., Nov. 30.— Gov. Tee has issued a proclamation offering $l,"0 fit the apprehension of the uaity or ; >:■ rr n engaged m the rolen*o of Wayinan bui onj convicted of murder, from WytU vTH jail. ______________ End of tho Lockout. New York, Nov. 30. —The secretary of the Ale|a .and Porter Brewing Emp.oyers 1 Union said to-day that tbe lockout among their employee was virtually at an eud, a.id nothing more would lie heard of it. A Dakota Treasurer Gone. Richfield, Dak, Nov. 80.—Announce* ment is made to-day ttiat County Treasurel C. O. Winebell has left for parte unknown, and is a defaulter to the amount oi a ban! $12,000.