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< THE MORNING NEWS,
■< Established I*6o. Incorporated 1888.1 ( J. H. ESTILL, President. J REFORM BOUND TO COME. CLEVELAND AND CARLISLE SEND CHEER TO BOSTON. The Banquet of the Tariff League One of the Most Brilliant Political Gather ings of the Season—Secretary Fair child the Guest Representing the Administration “Stand by Your Guns 1" the Watchword. Boston, Mass., Dec. 38.—'The annual banquet of the Massachusetts tariff re form league, which took place here at Hotel Vendome this evening, proved one of the most brilliant political gatherings of the season. The principal guest of the evening was Secretary of Treasury Fair child. Among others we e Pre-ide it Elliot, of Harvard; Col. T. W. Higginson, Hon. P. A. Collins, J. F. Andrew, F. L. Pierce, Robert Blake, George L. Hale, C. R. Codman, Leopold Morse, Jesse Metcalfe, M. T. Stevens, Congressman Bur.iett, W. B. Rice. Hon. W. E. Russell presided. Referring to the election, hes id there is misfortuue in the defeat of President Cleveland, a brave and honest man, who refused to catch at votes when bis country’s good was at stake. [Three cheers were here given for President Cleveland.] CLEVELAND’S REGRETS. President Cleveland letter was then read. It was as follows; Executive Mansion, ) Washington, D. C., Dec. 24, 1888. ( Messrs. Sherman Hoard and others. Committee: Gentlemen—l am exceedingly sorry that I cannot be present at the annual dinner of the Massachusetts Tariff Reform League on Dec. 28. Tms i3 not merely a formal and common ex- Fression of regret. It truly indicates how much should enjoy meeting the members of your league, and how glad I should be to express in person my appreciation of their important services in the cause to which I am earnestly attached, and to acknowledge at the same time their frequent and encour aging manifestations of personal friendliness. I know, too. that it would be profitable and ad vantageous to be even for a brief period within the inspiring influence of the atmosphere sur rounding the pairs tic and unselfish men banded toget. er in the interests of their fellow coun trymen and devoted to the work of tariff re form. This reform appears to me to be as far reaching in its purpose as the destiny of our country and as broad in Us beneficence as the welfare of our entire people. It is because the efforts of its advocates are not discredited by any sordid motivo that they are abie boldly and confidently to attack the’strong heads of selfishness and greed. Our institutioLS were constructed in purity of pur pose and love of humanity. Their operation is adjusted to the touch for national virtue and patriotism, and their results, under such guid ance, must lie the prosperity and happiness of our people; and so long as the advocates of tariff reform appreciate the senti ments in which our institutions had their origin; so long as they apprehend the forces which can alone guide their operation; so long as they, in a spirit of true patriotism, are consecrated to the service of their country, temporary defeat brings no discouragement. It but proves the stubbornness of the forces of combined selfishness, and discloses how far the peeple have been led astray and how great is the necessity of redoubled efforts In their behalf. To lose fairh in the intelli .enee of the people is a surrender and an abandonment of the struggle. Arouse their intelligence and free it from dark ness and illusion, and give assurance of speedy and complete victory. In the track of reform nre often found the dead hofe-s of pioneers and the despair of those who fall in the march. But there will be neither despair nor dead hopes in the path of tariff reform; nor s all its pioneers fail to reach the hights. Holding fast their faith and rejecting every alluring overture and every deceptive comp: omise which would betray their sacred trust they themselves sha 1 regain and restore the patrimony of their coun trymen, froed from the trespass of grasping encroachment and safely secured by the genius of American justice and equality. Yours very truly, Grover Cleveland. A TOAST TO HIS HEALTH. , The applause on the reading of the letter having abated, President Cleveland’s health was drank standing. Another three cheers was given, and Mr. Russell then introduce.! Secretary Fairchild as the representative of the administration. Secretary Fairchild expressed his appreciation of the honor con ferred by asking him to be the guest of the league, and said that the election has by no means decided the question of the tariff and tariff reform. The struggle has only begun, and the end is not yet; the record of the late canvass being no discouragement to our cause, but on the contrary high hopes for the future. It shows us that wherever intellect was aroused, thought invoked and exiie-ience appealed to we made great gains; that we lost only in those places where the mind was dominate! by passion; where partisanship and the blind prejudice of race and section over came benevolence and love for the whole country. BHOULD BE REMOVED FROM POLITICS. It is true the tariff should be settled and forever removed from the domain of politics, for it not only d.sturbs business, but infinitely worse, it prevents the simple purpose of universal be neficence for wmeh alone our government is fitted; it converts our legislative halls into scenes of barter lietween conflicting inter ests where wrangles over means to enable men to get more and still more money from our people become the ch ef character of the people’s degrades business and often makes success therein a prize of dishonor; it corrupts the people. But how can this question be settled f There are two kinds of so-called protective tariff, one old fashioned, now nearly obselete—that of Henry Clay, sometimes called promotion of infant industries—the und riving principle of which as. if I rightly understand it, that there were certain impor ant indus tries which, if sue aiued by the promise of an assured market in this country, would in a short time become so established that they could give their pro ducts to our people as cheaply as ti.ey could be bought any were in the world; the other the modern protective tariff, the tariff which was embodied In the platform 1 f the party successful in the late election, has ns its foundation the principle th it it is best for the American people to buy and use certain articles, or in the language of the late republican plutforin, articles which can lie produc 'd in this country, only when thus produced or manufactured, cost what they rnav, nnd that, to the promotion of this end, all the powers of the federal governme .t should bo invoked. The statement of the principles of this protective tariff shows that it can be set tied; it could even be embodied in the constitution. VVe have but to provide that uo article which can be pro duced or made in this < ountry shall be imported, or that they shill 1* subject to duty of 1,000 per cent, ad valorem. Tins would si ttle the question, aud remove it from politics. WHEN IT CAN BE THUS SETTLED. This settlement, however, cau only be had after the principle involved has been held imkml before the people; has been fully considered and discussed ■ y them, aud ap proved by an overwhelming majority. Till' question has not yet t een * > presented to the people, and the blame tor its non-presentment rests with those business men and manufacturers who were so active iu the late canvass, and who will now emit plam that your agitation tends to disturb that which for their interest ought to tv set led, I don’t remember one document or one argument actively circulated among the people during toe last year which me* sentd or at in. opts to present this 4|ttS lion pure aud simple. Ou the other baud, The Morning News. we can all recall many documents and appeals, the sole purpose of which was to divert men’s thoughts from this question and to confi o their minds upon this issue. It would be wearisome, said the speaker, to tell the long list of non-arguments and yet go to any northern moral community and ask the inhabitants to give a reason for their aciiou upon the tariff aid see if you will get a satisfactory reply. Now and then you nay hear a nebulous something about a home market, but it will be nebulous, indeed. No such arguments so presented have set tled and never can settle the principle. THE SOUTH AND THE TARIFF. For the future we are told that the mod ern tariff policy is in favor in some of the southern states, ancl that the party which advocates it will soon be strengthened by their support. This may or may not be true. They can only be gained for it by presenting it clearly and fairly to the people of these states. They cannot be won by picturing to the people of the uortli the dangers which they have to fear from the old men who ceased to be rebel brigadiers before many of the present voters were born. If, however, any of those states can be gained for that cause, after argument fairly made, it must be remembered that many a northern state must be re eased for broader, freer thought, and that the ex change thus made may a ivantage the great cause which we call our own. Gentlemen of the tariff reform league, you set an example worthy to be followed by patriotic and unselfish men in all pa l ts of our land. It is the duty of all such never to rest, but agitate, discuss, persuade and educate un il our adversaries shall be com pelled to lay this issue clearly a id distine ly before the American people to the end that they may apply enlightened intelligence to solve and sottle the issue forever.” Representative Fitch of New York fol lowed. He said that President Cleveland’s message had voiced the principles held by many leading republicans, and ho spoke from this standpoint. A LETTER FROM CARLISLE. The presiding officer then read a short letter from Secretary Enuicott, regretting bis necessary absence, and also the follow ing o e from Speaker Carlisle. Under the circumstances, all I can do is to send you assurance of my warmest sympathy with every effort that may be made to advance the peoples’ cause in the struggle now going on lietween the friends of industrial freedom and the beneficiaries of industrial slavery. This struggle has just commenced in tbs country, and those who delude themselves with the hope that it will be abandoned before the triumph of right over wrong are simply augmenting the weight of the blow that will inevitably fall upon them iu the future. This is not a threat, but a friendly warning. The history of all move ments for necessary s rial or political reforms shows t hat they grow more radical by opposition and delay, and it would be wise and patriotic upon the part of our opponents to recognize the inevitable and accede to reasonable demands now, rather than to be forced to accept harder terms hereafter. So far the sentiment in favor of a reduction of taxation and the removal of commercial restrictions has been conservative, and if it does not continue to be so the responsibility wi 1 rest solely on those who unreasonably oppose it. They alone can stop the agitation or confine it within reasonable grounds by proper concessions to the deman is of the people. The result of the contest in which we aie engaged is not in the least doubt ful, and unless the evils of which we complain are removed, which seems not at all probable, the agitation should go right on, with increased vigor and force, until the public judg ment and conscience refuse longer to justify or condone them. Nothing has yet occurred to weaken our faith in the justice of our cause or to abate our confidence in its ultimate success. A single defeat, even if it had been sustained on the real merits of the controversy, ought not to discourage us. No just cause Is lost so long ns it has a single earnest advocate ufliong the people. More than 5,600,000 of intelligent and patriotic Americans had attested their fidelity to the cause of revenue reform under circum stances well calculated to test the sincerity of their opinions, and they will neither desert its standard nor make peace with the enemy until at least substantial justice is done. William L. Putnam of Maine spoke next, referring to the economic standstill of Ihe three northern New England states under the protectionist regime. Letters f regret from David A. Wells, President Hyde of Bowdoin college, George M. Stearns, Carl Scburz, Joseph B. Sar geant, Gen. Francis A. Walker and others we e then read. , Ex-Congressman P. A. Collins said the tariff reformers fad fought the good fl ht, ha-1 kept their faith, but had not “finished their course.” Edward Atkinson dealt largely in statis tics on the iron trade. President Eliot of Harvard university referred to the allusions to the college pro fessor in the late campaign, and said that tariff reform was for the purpose of giving anew era of prosperity to America. Col. Thomas Wentworth Higginson spoke of the merging of the mugwumps iuto the Democratic party. Leopold Morse raid the mistakes of the next congress would aid the Democratic party beyond calculation. Sherman Hoard then brought the meet ing to a close by a speech, the burden of which was that the Democratic party had a majority of the people. The meeting then bioke up after "three times three” for President Cleveland and the Tariff Reform League. The attendance was about 325. FRENCH WAR PLANS. Tho Railroads to Be Double-Tracked to the Eastern Frontier. Paris, Dec. 29, 5 a. m.— The Figaro says; "It has been decid and to provide the rail way* with a double line of rails converging at the oaa ern frontier. The roads are to cost 21,000,000 francs. It may be hoped that the enemy will allow u time to com plete this useful work.” Swiss Dapcrs protest against the eraplov ment of Italian workmen in the work of fortifying the St. Gothard tunnel, on the ground that the agents of the Italian army will bo benefited thereby through being able to study tho plans of the works. GERMANY ORDERS NEW SABERS. Berlin, Dec. 28.—'The Prussian govern ment has ordered 80,009 new Bubers, 20,000 from a Sohngen manufacturer anl 60,0 0 from Italy, the whole to be delivered within one year. Russia's Home Policy. London. Dec. 29. sa. m.—ln diplomatic circles ad in official Russian newspapers it is slated th t an lm)>ortaut cnaugo is about to be made in the home policy of Russia, due to the favorable impressions made on the czar by hi* recent journey and by the lo> al rejoicings over hi* escape at the time of the Bueki disaster. Bright Further Improved. London, Dec. 28.—John Bright is further improved. ■AT CP AND CHATTED. London, Dec. 29.—Johu Bright sat up in a chair last evening. He chatted cbeerilv and hopefully with friend*, a fact which indicate* a permanent change for the better. Toulon's Defenses. Paßl*. Dec. 28. • Admiral Kraut*, minis ter of uiarlna, will make an inspection of the defense* of Tout n in the early part of nest year. He ha* submitted a wbenie to ttie government for forming an I4pei4- eul squadron of man-of-war i-ompoaiug the channel fleet. SAVANNAH, GA„ SATURDAY, DECEMBER 29, 1888. FIXING OF THE JOSEFA. THE $4,000 NOT YET REMITTED BY THE SPANIARDS. The Actual Disposition of the Starch SUll in Doubt—Secretary Bayard Not Inclined to Lay the Caae before the Spanish Government until the Mys tery is Cleared up. Washington, Dec. 28.—1 tis learned at the department of state that the case of the brig Josef a against the Spanish govern ment for indignities, etc., alleged to have been imposed upon them by customs officers at Porto Rico, has beeu under in vestigation since July, 1887. The investi gation disclosed the following facts: In June, ISB7, the American brig Josefa, of Portland, Me., J. 8. W instou & Cos., own ers ; E. R. Snow, master, entered the port of Arova, Porto Rico, having cleared from New York in the previous month. When her manifest anil bill of lading were exam ined by the customs officials, twenty boxes of corn starch, of the value of $36, were found to bo on the manifest aud not in the cargo. FINED $4,000. For this shortage a fine of S2OO per box, or $4,000 altogether, was imposed by the customs auttioritias. Capt. Snow protested, and stated that when he was taking on his cargo at New York, another vessel, a bark of very similar name to his, was in port and near the Josefa; and was loading under direction of a shipping agent as the Josefa; that the receipts were signed bv his first mate, a man named Nel s >n, and that wheu the manifest was handed him (Capt. Snow) he signed it hurriedly and without paying much attention, and that the receipts for the boxes of corn starch were signed for by C. Olsen, while all the rest of the cargo was signed for by Nelson. LAID BEFORE THE CONSUL. Capt. Snow presented his case to the United Stutes consol, who presented it to the government of Porto Rico and urged t he remission, or at least a reduction of the fine upon the explanation thus offered. This was refused. The department of s, te wr- te to the treasury department and learned that the bark Joseph had sailed from New York for San Francisco on June 15, 1887, but the starch was not found on bo rd when she arrived, nor was there any one named Olsen on board. Her first mates name was Kelly. SPAIN’S BAD SYSTEM. The case is striking from the fact that a short shipment of $36 worth of starch nets a fine of $4,000; but it is explained at trie department that the operation of the Span ish laws is marked by su. h excessive flues The United States as well ns Sweden and England has endeavored to have this cor rected, but so far without success. It is stated at the department that the Spanish ordinances are framed on t e tneory t. at a missing package not satisfactorily accounted for, covers a successful smuggling operation. REASONING OF THE SPANIARDS. Judging from the conference the Spanish authorities reason that twenty boxes said to contain merchandise of little value ap pear to have gone on board the Josefa at New York, that the captain’s uccessive .x --cuaes have been exploded, that th re is no evidence that the twenty boxes contained corn starch, that they may have contained opium or same otuer valuable article, and that they may have beeu successfully smuggled ashore. Therefore the authori ties adhere to their maximum fine of S2OO for each missing package, no matter what the alleged contents may be. BAYAYD’S HESITATION. By the statute law of the United States, the unexplained absence of a mmi tested package is punishable with SSOO fine. In view of these facts it is intimated that Secretary Bayard does not feel justified in presong the demand lor remission in this particular case and that he will deter bring ing the case to the attention of the Spanish government until more satisfactory evidence is produced us to the actual disposition of the starch. NEW YORK AND THE CABINET. Senator Allison’s Trip in the Interests of Harmony. YVashinoton, Dec. 28.—Senator Allison went over to Now York to try to harmon ize the Platt and Miller intere-ts. Senator Allison Is the most trusted adviser of the l’resident-elect. He i* doing all be can to help Gen. Harrison select a good cabinet and at he same time to maintain harmony in the Republican party. Senator Ailiso ■ does not himself wish to goi to the cabinet. He will do so if necessary, but if the New York quarrel can be compromised, so as t > get a New York man for tho treasury without intensifying the bitter feeling be tween the New Yo k factions, it will not be neee s.rry for Senator Alli-on to make the sacrifice. Mr. Ail s>n will suy nothing about the results of his New York negotia tions. He may go out to Indianapolis to give them to Gen. Harrison, but may send them by messenger to him. DAMAGES FOR THE SEIZURE. Secretary Bayard fcayei there is No Need for Haste In thejMatter Washington, Dec. 28.—1 t was stated positively at the department of state to day that no demand for indemnity has been mode in the case of the steamer Haytien Republic. Mr. Morse, the owner of the vessel, recently reques ed Mr. Bayard to de mand $250,000 indemnity. The S.cri tary has informed him that there is no med of haste in the matter, and t hat the ques ion of damages can best be determined after the essel urrives at New York, where it is due ia a lew days. A Patient Kills His Brother. YVashinoton, Dec. 28.—Tavlor Carey (colored), a patient in the Freedmans hos pital, rose early this morning, and shot and killed hi* brother Isaac, who was employed as a nurse in the same hospital. The brothers ba ! not been on friendly term* for some time, but the in mediate cause of the murder was a dispute about $1 25. The mur derer is in the last stages of consumption, and will probably not live long enough to ba punished. No Bonds Bought. Washington, Dec. 28. —The bond offer ings to-day aggregated $134,000. All wer* rejected. FRISCO'S NEW MAYOR The Recount Confirms the Title of the Democrat. Han Francisco, Dec. 28.—The recount of the vote* cast fur mayor in the last elec tion wa* concluded last evening At the oio-s ot the recount, Judge Finn of the superior court declared E. B Pood idem.) legally elect*d mayor. C. C. ODmuoll. the independent candidate for mayor and ijis mao who had fine landed the recount, made a total net gain of tuu rotes, but iwt eovugh Ue elect him over Pend, A PRIEST AS A LITIGANT. Though Defeated Repeatedly Ho ia Still in the Ling. Dubuque, la., Dec. 28.—Father F. C. Jean, about ten years ago, was removed from the pastorate of Stiraneus Catholic church at Lyons by Bishop Hennessey. He has brought several suits to recover dam ages from the bishop ou the ground that bis removal was illegal, i'l ail of which suits Jean was defeated. He has now filial with the clerk of the district court a petition asking damages from Bishop Hennessey, W. J. Kni ht and YV. J. Cantillion jointly fn the sum of $300,000. He charges them with hiving conspired to have his name dropped from the Catholic directories of the United States. HIS REMOVAL. Father Jean was removed at the instance of the Catholics of his parish on a charge which was sustained By Bishop Hennessey, upon learning ihe facts in ti.e case. The question of property ownership is involved. Father Jean claims that his pers nal funds were invested in the property tho church has deprived him of by legal process, and, although deflated in every tribunal, h still insists that he is wrongfully deprived of his property, aud, although silenced from preaching, he is b nt upon fighti g it out in any court which takes the ease. Ju lge Hayes tried tho case a few month* ago in Clinton countv, aud gave a decision against the plaintiff. The suit was also tried in Jack sun county, with a similar result. TWO TRAINS DERAILED. The Passengers Badly Shaken Up, bu None Seriously Hurt. Selma, Ala., Doc. 28. —The novth-bound train on the East Tennessee, Virginia and Georgia railroad which left Selma nt 7 :89 o’cl ck this morning was derailed at 8 o’clock a. m., two miles from Burmesville and eleven miles from Selma. The acci de t was earned bv a broken rail. The first aud second-class passenger coacbos were thrown off the track and parti\ overturned, bruising about six tee: passenger*. The authorities here imme diately telegraphed to know if medical ai was needed. Conductor Jones sent word thai nobody was badly enough hurt to i eed a doctor. R bert Young, a merchant of thi city, was report ed the worst hurt by a sprain in the back, but it was not thought to be serious. Supt. Bridges has gone tu the scene of the accident. ANOTHER DERAILMENT. About 10 o’clock last night the west bo nd train on the Cincinnati, Selma and Mobile road was derailed about four and a half miles from Selma. Two coaches were partially turned over and the passengers badly shaken up, but nobody was seriously hurt. —.. . -—i HANGED FOR MURDER The Dying Man’s Last Call on the Lord to Sava Him. New Orleans, Dec. 28.—A special totbi JHeayune from Bastrop, La., says: “ ‘Pet' Overton, who was convicted in Septembei l ist for t e murder of Frank Hearsay, on April 17, and sentenced to hang on Sept. 28. but was given a resnite of ninety days by Gov. Nicbolis, wa hanged here to-day. He confessed his guil , but said he had been forgiven. VVhilt the cap was being adjusted he s.iid: ‘Good-b to all. Loi and save me now.’ The trap was sprung at 2:12 o’clock, and in eighteen min utes Overton wai p onounced dead by stran gulation. A woman was the cause of tin trouble between Overton and Hearsey. Overton went into a field where Hearse was plowing to settle the matter, and afte a very few words shot him down, killing him instantly. DIED FOR UXORICIDE. Minneapolis, Dec. 28.—The Journal's Winnipeg special savs: “Webb Brandon, wife murderer, was hanged this morning He displayed great fortitude on the scaffold. The parting be,ween Brandon and histhrei children was affecting in the extreme. Brandon killed his wife while drunk.” NEBRASKA'S BANK LAWS. State Institutions Allowed to Exist Uninspected. Chicago, Dec. 28.—A dispatch from Omaha, Neb., says: “The failure of severai Nebraska banks within a week has caused considerable uneasiness throughout tin state. These failures, however, are not due to financial stringency, and, in some in s ances, it looks as though there wai a de liberate purpose to defraud on the part oi those conducting the institutions. The state laws governing private banking art very lax. The statute requires that all cor()orations engaged in bunking shah annually make a report under oath to ho state auditor of their resources an liabilities. There is no provision for sta e inspection, and, owing to this oversight mushroom banks have sprung into exist ence. Ever since the big swindle perpe trated by the Valpairalso bankers, less tha a month ago, the press of the state has been vigorously urging the need of a revision of the banking laws, and one of the first mat ters which will be acted upon by the coining legislature will probably be on this im portant subject.” VIRGINIA’S DYNAMITER. A Negro and Two Nearre*ses Fatally Injured by the Explosion. Harrisonburg, Va., Dec. 28.— A dyna mite cartridge, placed under the corner of a bouse n ar McGahaesviile, in this county, Wednesday night, in which a party of negroes were having a dance, ex; 1 ded and am st totally defitroved tho building and fatally injured Ain'j* Moore and two women. Terrible loss of life would have happene i If an alarm had not been given by a man who saw tho cartridge and rec gnized the danger. AH but the three esca ed from the building bef ro the explosion took place. Moore and the two women, who bad not time to escape, were thrown with terrible force througu the building and it is feared that they cannot recover, it is thought that the perpetrator of the fiendish set is known aud every effort is being made to arrest him. Th* people of the community are highly excited and threats of lyuching are freely indulged iu. REV. J. P. BOYCE DEAD. His Prominence in tha Oraat Works of the Baptista. Louisville, Dec. 28.—A cablegram re ceived this morning announci-d the death at I'au, France, of Rev. James I’etigru Boyce, L. L. D., D. D., president of the Southern Baptist Theological seminary in this city. He was 60 years <dd sud left bet* last august for a two vearn’trip to recruit bis shattered health. He wa* the founder of the seminary and one of the greatest Rader* of th* American Baptist*. If* **• president of til* Houtbero Baptist con veil turn, a trustee of the HiaUir fund and held many Important private Mid public trusts. He was bora at Greeuvißs, 8, C., • and in* wti* aud Ui fH* lii UA r*u bu tr*v**it ill* rMUAiin tviU few breugbt ivt lnl*t u**>t*L END OF THE TRADE YEAR A GENERAL FEELING OF CONFI DENCE NOTICEABLE. Dun & Cos. Point Out the Reliability of Their Weekly Reviews —The Rise and Fall in the Values of Stocks and Commodities--How the Interior Re ports Look. New York, Dec. 28.—R. G. Dun & Co.’s review of trade fur the work says: “Iu closing tho year 1883 the fact may with pro priety’ be noted that tho course of the markets aud of prices has burn fore shadowed in this review with much c irrect ness. For stocks it was Juno 10 that tho lowest prices of tho summer wi re made,and on that day this review said: ‘T ;aro are some signs of recovery.’ The ri e from that point to Sept. 29 averaged $7 43 per share. The highest prices of the year were made Sept. 29, and on tluit day tho review said: ‘Much realizing by foreign holders is re ported,’ and ‘trade has boen checked by artificial prices.’ “For comm dities, the highest averaga of nrices during the year was ma le Marc i 81, and on tho same day the review noticed: ‘A disposition of cuHomers to act wiib great conservatism, buying only as they are compelled to buy, and this .appears iu mu iy loading branches of trade. It is in |ar the fruit of un exp ctation that prices may go lower, and ia part due to a perception that the demand for commodities has slackened and may diminish still more.’ The average and dine from that point to June 80, was about 11 percent the risk. “On tho latter day, when prices were the lowest of theentire yoar, the review Baitl: ‘ The general average of prices of commodi Lie* is but a small fraction lower than u week ago, aud if crop prospects should prove le s favorable, some advance might at any time begin. It actually began that day, but speculators, who looked for an Hiorniuus rise in consequence of the expan -ion of the currency, have been constantly warned that the conditions for a general and prolonged advance did not exist, and in act the highest point reached si oe June gave an average advance of only por cent, from the lowest. While it is not any part of t ie object of this review to guide or foreshadow speculation, it is recognized that an understanding of the forces which govern the more important speculative narkets is at all times of service to men engaged in legitimate busine s. trade during the past week. “Trade during the past week has been undisturbed by ihe monetary pressure ften extiei i need near the end of the year, and has, on the whole, improved. The long f i res had wed break in speculation came with a fall of 0 cents on VVedneslay at Chicago, but l here has been some slight re covery. The sales have here been but 16,000,- 000 bushels for thevvoek, and it is still uuoe - t fin whe her prices have declined enough to permit the marketing of the large sur plus tuis cou .t y has on hand. K ior iiiuus crops in Russia and tho Danubian states, with lower freights, keop European prices low, and there is c aslant unloading by operators throughout Europe, wh ought hi avily w hen tho crop scar pre vailed. Corn closed I)4' cents lower; outs one-half cent lower; pork 25 cents per 100 pounds lower. Cotto 1 was steady, with ales tor the week of 810,: (R) bales. Coffee was unchanged, with 20-1,000 hags sold. A bieak in oil dropped the price cents, a id refined also declined 10 ceuts per 100 gallons. WHAT THE DECLINE PROVES. “The general yielding in the qieculatlve markets is but a tardy recognition of t ie fact that, while speculation was stimaiateil by curre cy expansion, prices became essentially artificial, and the connection of the markets with the lawn of supply aud demand was broken. No monetary pressure now forces liquidation; throughout the country tho money markets are amply supplied, though slight closeness is note at St. Paul and the frequency of fail ures causes some uneasiness at Memphis. Tne trea-ury is putting nut more money than it takis in—$1,20 >,OOO during the past week—and th j outgo of gold nan ceased for the present. “Merchandise exports improve from New Tor i for Decern er, exci*e li ig last year's by 6 per cent, whic.i i dicates a remarka bly large movement when wheat shipments are still so nearly prohibited. The exces of the export! and imports for November was even larger than the prelim!na y stae inenta foreshadow and, roue ing $23,510,394 for merchandise, an I $3,415,415 for g Id. TRADE.IN THE INTERIOR. • “Trade accounts from the interior are generally satisfactory, though no improve ment is .seen at Alernpb ,a id the iron, steel and coal trade- at Pittsburg are dull. At Philadelphia the iron rrale is perplexed and uncertain, and it is believed that concus sions on prices have been made, but more active bidding is noticed. Hterl bloom, ire unsettled und low, but rails aud manu factured iron look better. Copper aid tin are unchanged. T.ie syndicate has been obli ed to increase its holding of copper by siveral thou and tons au i the s’oek is now supposed to bo 109,0u0 to is i 1 Europe aud 30,000 here, held at $45,000,000 or more. “Tho repo tu of rail, oad raffle show that a very large business is in the cat-bound shi, meats la tvie k ere 111,000 tons, tho largest cv-r reported, against. 51,’>00 tons for too corresponding week last year. COURSE or STOCKS. “The course of stocks during the past week has been and ciiledly favorable to liolhers, oh peciaily in a few of the inure active shares, ad tun goneral av r.-.ge of prices is a out $1 per share higher t ian at the opening of the year. The prices of commodities, on the other band, still tend downw rd, hav ing declined ah >ut IX per cent, in Decem ber and about 8% per cent, since Ja . 1. “Ti e year close* with general confidence —rother greater, indeed, than the present state of prices and r <t* of consumption In * >rao of ti.e most impor ant Indus ries ap pear to warrant. But the marvelous growth of toe country conti oust, and en sures an increasing demand tor products at no distant day. “The business failures occurring through out the cou try during last week number for the U cited States 276 and for Canada 28, a total of 299, against 311 last week.” }< urnitur* Dealers Fall. Philadelphia, Dec. 28.—Th* failure of C. Weinma n & Cos., furniture dealers at Nisi. 9271 < 1008 Market street, was an nounced 10-day. The sheriff is now in possession of the pro|wrty. The liabilities will amount to about $120,000. Too as-et* ar* about $75,000. Tne failure is due to Miveral causes, the pri cipai one being the heavy expeusM under which the firm labored. Louiev dle'e Tobacco Association. Louisville, Ky., Dec. 23. -A tubsmo sen ui sun lias b**u formed bore under the | name ot the Tobacco Board Consolidation. ■ It i • ooinpj* and of both buyer* sud •elb-rs, I end Will oompleteiy eont oi tii* market, a* it baa is Ms meuibersbip every warehouse j ■tel nearly every buywof Import*, toe. Th* plan 0 1 government ha* wt y*t b*m and j elded upon. SHERIDAN'S REFUSAL. The London Times ''aid to Have Offered Him $50,000 to Testify. Dublin, Dec. £B.— The Freeman's Jour nal, referring to the Darnell commission inquiry, says: “Tlio Times prolonged tho amount of evidence regarding outrages in tho hope of securing testimony to justify statements made by Attorney General VV < li ster in bis opening address. Feeling the ground slipping from under its feet, it re solved upon a desperate game to retrieve its fortunes. With this in view, it dispatched an emissary to Amorio , who dis covered Sheridan at Pueblo, Col., ad tried to induce him to go to London and testify before the commis sion, promising him that if his evidence proved satisfactory be would bo paid i'lo,ooo within an hour aftor his examina tion was oo eluded. Sheridan played possum with the rgo and for a time, and was finally offered £5,000 down if be would ac company the agent to England. Sheridan then positively declined to appear boforo the commission, and assured the agent that he win in no wise desirous of sharing tho fate of James Carey. PRADO GUILLOTINED. Ho Met Death Boldly and Protested His Innocence to the Last. Paris, Doc. 38. —Prado, the murderer of Marie Aguetnnt, his mistress, was guillo tine I tbi3 morning in tho Place de la KoqucLto. He preserved a Arm domeanor to the last. He refused to make a confes sion and declined Ihe service of a eha lain. An immense crowd collected outside ihe prison last night and remained until Prado had been executed. The rabble spent tin time n singing comic songs and amusing themselves in other boisterous ways. Prado slept well until 0 o’clock this morning. He protested his In moenoe of the murder to the last, and declared against tho injustice of this world. Ho refused to disclose lus real name. When the jailors came to pinion his limbi lie offered no resistance, and while they were engaged in this opera tion he she.l no tear. The sight of the guil lotine appeared to hypnotize him. FKANCK’B BUDGET. Floquet Anxious to Free Schools from Religious Influences. Paris, Dec. 38.—The Chamber of Depu ties to-day discussed tho Senate’s amend ment to the budget. In the course of tin debate, M. Douvotier, of ttie right, attacked the government for going to extremes in secularizing the schools. Premier Floquet, in reply, declared his warmest approval of everything that had neendoneto secularize the schools. Th republic, he said, desired t > froo education from all religious influences. M. Floquet’ poech was received with enthusiastic ap plause, and a motion to print and placan it throughout France was carried by a vote of 370 to 100. In sp.to of tho advices of the budget com mitteo various credits suppressed by th- Senate were reinstated, including one of 3,000,1KK) fruncs for pensions. The budget will, therefore, go b ick to the Senate, EMPLOYES OF TUNIS. No Decree That They Shall Become Naturalized Frenchmen. Paris. Dec. 28.—A semi-official French note is published denying the story prints by the newspapers of Rome to the tilfec that the Bey of Tu is had issued a decret ordering all foreign employes of the Tuni govermn nt u> become naturalized French nen if they de ired to retain their offices The note declares that the story is an in vention of an Italian wi o was recently dismissed from the service of the Tunis government for neglecting his duties. He would have received the samo treatment had lie been a Frenchman. A Tu ds dispatch reiterates the denial of the decree story, and says that the rumo was perhaps due to government m-asures Cos secure only French receivers of French ex ports under the new customs regu ations. A RECONNAISSANCE AT SUAKIM. No Resistance Offered by the Arabs - Welle Filled up. Buakim, Dec. 28.—Gen. Grenfell, at the head of the Welch regiment cavalry and Soudanese troops, male a reconnaissance four miles into the interior this morning A few rebels on camels were seen In the uls tanre, but they retired at ttie a'.pro.ch ol Gen. Greenfell’i force. After filling up the wells, the force returned to tiuakim. BISMARCK TO BPKAK. Berlin, Dec 28.—Prince Bismarck will speak in the reiebstag about tne mi idle of January in the do bate on the Eu>t African question. AN ATTACK ON HANDOUB JUSTIFIED. London, Dee. 29, ft a. m. — The /tost and Standard have lenders to-day justifying an attack on Huudoub. It is believed that this Is a governuio it move f >r the purpos. of preparing the public for a fight in Egypt shortly. __ Three Cardinal's Hats. London, Do". 29. 2 a. m. —The Rome cor respondent of the Chronicle says: “At n consistory to lie held in this city on J in. 21, Mgrs. Miicchi and Annibale and the arch bishop of Catnl.n will receive the cardinal’s bat. Three Polish bishops will also receive the hiretta, as a D-solt of the negotiation of Count I-iwolski, the Ru-sian envoy. Crofters to Be Bent to Canada. London, Dec. 28.—The appointment of a Croftr-> (Canadian commission is announced in the Official Gazette. The members f t bo commission are the Marquis of L ituian, Sir Charles 'lU[i|>er, Mr King and Tlcmas Skinner, and they are empowered to select H gbland families for colonizition in Canada. A Rjvolutlon in U randa. London, Deo. 29, 5 a. m.— The SlatularcTe correspondent at Zanzibar says: “Arab frotn the interio • report that a revolution has broken out in Uganda and that the king has been deiiosed by his brother. If the report it true, Ktniu Pasha may be able to reach the coast," Zanz bar Missionaries bafe. Zanzibar, Dee. 28.—N 'ws has been re cel ed here that the missionaries at Ur nmtio, Mpwafiwa and Mb mi are safe. The Germans a’ Mpwauwa have fortified the summit of the bill there. They have one cannon. Heine's Election. Paris, Dec. 28.—The election in the de partment of the Heine lo fill the vacant seat in the cbamlier of deputies, for wuicu Gen Uoulang r is a candidate, has been fixed for Jan, 27. OblcAffo’e Firet Victory. Adelaide, Hoi/th Australia, Dec. 28. The American base bail teems piaved an other game to-day. The Chicago* were vic torious. The aeore wee Chicago 12, all America V. Twenty two boldlers Killed. Rous, flee. 28, —A shell hurst to e pow der iiiwth e at Mvastiut, Hlcliy, this morn ing, killing twenty-two eoidiurs and injur ing many othars. I DAILY. 10 A YEAR, I < i CENTS A COPYT V I WEEKLY,2I.2S A SEAR.) DIXIE’S NEW INDUSTRIES. THE REMARKABLE SHOWING OF THE PAST YEAR. Georgia Gets Three New Breweries — Georg a Second in the List of Foundries and Machine Shops— Georgia / head on Street Railways —What the F.gurea Ind cats. Chattanooga, Dec. 38.— The issue of the Tradesman for Jan. 1 will contain a list of every industry built in tbe south >rn states in 1888; also, everyone enlarged and all that wire projected. Among the leading branches of industry the fo.lowing are note worthy : The total number of agricultural imple ment works built and projected during the year was 8; 3 in North Carolina, 3 in Arkansas, and 1 each in Alabama, Georgia, Mouth Carolina ad Tennessee, Seven Breweries—Tnree in Georgia, 1 each in Alab ma, Kontucky, Tennessee and Texas. Sixty-five Brick Works—Sixteen in Ala bama. 8 each in Georgia ad Tennessee, 0 in North Carolina, and 5 each in Arkansas, Florida and Wist Virginia. Three Bridge Works—One each in Ten nessee, Texas and West Virginia. Seven Boot and Shoe Factories—Two each in Alnliama and Arkansas, 1 eacu in Mouth Carolina, Tennessee and Texas. Twelve Car Works—Three in West Vir ginia, 3 in Louisiana, 1 oxoh in Alabama, Arkansas, Georgia, Kentucky. Mississippi and Texas. Eighty-four Csnning Factories—Eva ily distributed over the south. Thirty-one Cigar and Tobacco Factories— North Carolina lending with 9. One hundred and sixty-three cotton and 'oolen mills—Alabama 10, Arken-as 13, Florida 5, Georgia 33, Kentucky 4, Louisi ana 0, Mississippi 1 North Carolina 41, Sout i Carolina 19, Tennessee 17, Texas 0, Virginia 10. West Virginia 3. Electric light works 74—17 in Texas, 17 ii Tennessee, 8 each in North Carolina, Mi slssippi and Ken ucky. Flour and gri t mills 103—Tenneiw-e lead ing with 27. Texas next with 23, Kentucky next with 15. Foundries and machine shivs 145—Ala bama leading with 30, Gooi gia23, Ken ucky and Te n ■ so each 17, Texas 13, Virginia a id West Virgin a each 10. There wore 30 ti nst furnaces projected du ing the yea—Alabama 7, Georgia 9, Kentucky 4, Mississippi 1 Tennessee 6, I'exivi, Virginia and West Virginia 1 each. Glass works 4—Georgia 3, West Vir ginia 1. Ico factories 50—Georgia 11, Tennessee 19, Alabama 7. The total number of mining and quarry ing companies organized during the year was 217—Alab ina leading with 34, Ten 'esses 29. Kentucky 38, Georgia 34, West Virginia 22, Texas 2.1, Virginia 14, N irth Car liiia 12, Arkansas 11, South Carolina 12, Natural ga-i andoilcompamcs 11—Arkan sas 4, Kentucky 3, Louisiana 2, West Vir gi i ia 2. Oil mills 21—Texas 7, Alabama 3, North Car l.nn 3, Mouth t aroiitia 3, Georgia 2, Arkansas, Mississippi and Virginia. 1 each. Rolli g mills 7—Alabama 4, Georgia, Virginia, West Virginia 1 each. Mt e*'t railw ys 87—Seventeen in Geor gia, 15 in Tennessee, and tbe bal mca equally distributed among the oi her states. Water works 51—Pretty evenly distrib uted aruoi g the states. Wood ware working establishments 483 Georgia leads with 95, Tenues<ee 78, Ala, uatna 61, North Carolina 40, A kansas 38, Kentucky 30, Texas 23, Mississippi 23, Florida 22. In addition to the above, the miscellane ous industries built and pr.jec ed during the year aggrogebd 533, Texas leading with 00 and U -orgii having 04, Tennessee 53, Alabama 43, and Louisiana 21. Too to al number of railroad companies organized in the nouth during t he year was .’53. Alabama leads ftn 39. Georgia his 38, Tennessee 31, Texas 28, Arkansas and Florida each 23, Kentucky 19. Virginia 10, West Vi.ginia 9, Louisiana and Mississippi, each 8, Mouth Carolina 6 and North Caro lina 5. The Tradesman, in its review, will say the r.g.ires t.o not so much stiow what him actually been built, as they indicate tbe wide diversity ami unmistakable driftof enterprise ami endeavor in the southern states and demonstrate tbe rapid strides the section is making toward becoming the uanufacturing region w hich it* abundance of rts mrces has litted it for. TRIuL OF THE VESUVIUS. The First Run a uccesa, but tbe Other Two Failures. Philadelphia, Pa., Dec. 28.— The new dynamite cruiser Vesuvius, which left Cramp’s shipyard yesterday for Delaware bay, there to have a test of her speed, re turned to the shipyard at 1 o’clock this afternoon. The course in the bay where tne trial was made was reached last even ing before dark and, altb ugh tbe wi. and was blow!i g a gale, tbe sea heavy and otner disadvantageous co ditions, the con tractors conclud' dto b v a trial bef re dark. The course of two miles was made ia 5 minutes nnd 54 seconds, 3 seconds faster than the time fixed by the huard as requisite to a rate of twenty k. ots, THE SECOND RUN A FAILURE. Another run was made in 6 minutes and 21 seconds, which was 24 seco. ds over time. The vessel then anchored nff Ship John Light ull nigtit, and this morning another irial was made. During tho run, however, one of the a r pump levers br< ke, ad the last half k ot was run with i.uly < no en gine. The time made was 6 minutes and 18 sec nidi, and the trial was then aban doned, and tbe Vesuvius returned to this city. Heavier air pump levers wnl be provided, and a otuer iria, will bo made a soon os they are fl ted, pmb bly on Thursday next. Tbe borse jiower developed ai the tune tbe air pump lever broke was 4,820. Tho board appointed by the stc e;ai y of tbo avy to teat the seed of t,ie veviel is composed of Lieuts. Cowles, 8c >ro*iier and Flak, and there were also sev. rul o her ollicers of the army and navy on board. Passenger Train* Collide. Birmingham, Ala., D*c. 28.—Two pas senger trains on tbe Birmingham Mi eral railroad collided .ear tns city to-day, wrecking b th ong nos and tin baggige cars. B.iggagemaster Laird was severely injured,and ev nal passengers were slightly bruised, ihe engineers and firemen jumped and escaped injury. A difference in time of the engineers caused the collision. Oil from Cotton Bead. Philadelphia. Dec. 28.—Tbe directors of the Moutheru Cotton Oil Cotn(>at>y to day dec! ired a dividend of 4 per cent., pay able Feb. 1, 1889, to the h l iers of the capi tal stock, iu limy sta id regis ered on tiia books of the onaipany at the close of busi. ness on Jan. 15, 1889 An Earthquake in Hampshire Lcnimb, Dr. 28,—An eai shock was felt in Hampshire this morning. Panama Mharea Higher. Paris, Dec. 28.—Pan ma canal shares dosed 5 francs higher w-d*y.