The Saint Paul globe., December 17, 1897, Page 3, Image 3

About The Saint Paul globe. (St. Paul, Minn.) 1896-1905

Image provided by: Minnesota Historical Society; Saint Paul, MN

                
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MINNEAPOLIS.
> ==============
OFFICE 05 SOUTH FOURTH STREET.
MINNEAPOLIS GLOBULES.
The grand jury has adjourned for the pres
ent, nnd will not meet again until February
28, IS.B.
Sophena Sharp, residing at 2808 Twenty
eighth avenue south, has been adjudged in
sane, and will be committed to the hospital.
I The case of W. L. Shepherd, as assignee,
against the Mechanics' Savings bank, was
submitted to Judge Jamison, upon a statement
of facts without argument.
The case ot the St. Paul Barrel company
against the Minneapolis Distilling company,
1 Insolvent, to enforce payment of claims against
the stockholders of the latter under the
stockholders' liability law, was taken up be
fore Judge Lancaster yesterday morning.
Circulars have been issued by the poli?e
asking for information regarding the where
abouts of Carl Walberg, who left his home in
this city Aug. 7, 1897. He is 18 years old,
and is supposed to have gone south.
The annual election of Minneapolis Lodge
A. F. and A. M., was held Wednesday even
-1 ing, and resulted as follows: Worshipful
master. C. K. Overshire; senior warden, T. D.
Bell; Junior warden, L. A. Condit; treasurer,
J. H. Thompson; secretary, H. M. Myers.
David Hlggins, a young dramatist who has
recently come to the front, will present his
new Southern drama, "At Piney Ridge," at
I the Dijou Christmas week. Mr; Higgins is
said to have produced a well-constructed
drama, in which the characters and situations
are handled with great skill.
TO THE FRIENDS OF OSTEOPATHY.
, You are cordially Invited to be pres
ent at the formal opening of the new
Bchool rooms of the Northern Institute
of Osteopathy, eighth floor of the Globe
building, on Fourth street between
Hennepin and Nicollet avenues, Min
neapolis, on Tuesday evening, Dec. 21,
1897, at 8 o'clock.
An interesting programme has been
/ arranged consisting of music and a
lecture by Prof. E. B. Warman, of i
Chicago. After the exercises an oppor- j
(unity will be given to those present to ,
Inspect the paraphernalia Just import
ed frcm Paris fur the use of the school.
E. C. PICKLER, President.
F. D. PARKER, Vice President.
I L. M. RHEEM, Secretary.
Robber* Identified.
i Michael Stanton and Thomas Kelley, who
were arrested Wednesday by Inspector Hoy
on suspicion of being concerned in the
burglary of a house on Portland avenue,
have been identified as the men who held
up George Holt, at Holt Bros.' grocery store,
2Ti'l Washington avenue north, the night of
Dec. 11 at the time J3OO and a gold watch and
i chain were stolen. Stanton, when arrested,
had on an overcoat that was taken from the
Portland avenue house.
_■»_-
CONNELLY KNOCKED OUT.
Bested In the Fourteenth Ronnd nt
San Frnncisco.
SAN FRANCISCO, Cal., Dec. 16.— At
the Knickerbocker club tonight, previ
ous to the "go" between Dal Hawkins
ious to the "go" between Dal Hawkins,
of this city, and Eddie Connelly, of
New Brunswick, there was a prelimi
nary bout between Tom Lansing and
Joe King. The fight lasted'two rounds,
Lansing knocking King senseless with
a right-hand smash on the jaw. There
were only about a thousand people
present when the event of the evening
was called. The Hawkins-Connelly
contest opened up at a fast clip, with
Connelly on the aggressive. In the sec- |
i ond round Hawkins went to his corner |
groggy, while Connelly had a very bad
eye from Dai's left hook. From this
point up to the seventh honors were
easy. Both men seemed willing to mix
it. and the in-fighting usually end
ed ln Hawkins' favor.
At the end of the seventh Hawkins
was again groggy from a right-hand |
smash on the jaw. Hawkins came up j
strong for the eighth, however, and |
went after his opponent. He forced i
Connelly about the ring, using his ter- j
rific left-hand half swing with effect !
on the Easterner's face and neck, but
was unable to put It on the jaw. In j
the tenth Connelly received a vicious |
.wing on the temple, which left a gash j
from which the blood flowed freely. The
eleventh and twelfth were Hawkins' j
rounds. In the thirteenth Connelly ral- j
lied and force'" Hawkins about the ring
In a desperate attempt to end the fight,
but the round ended with a hard left on
Connelly's face, which staggered him.
In the fourteenth and last round Con
nelly rushed but was met with a stiff
left. In a hot rally Hawkins sent in a j
smashing right on the Jaw and Con
nelly went down and out.
Legacy for Jones.
ANOKA, Minn., Dec. 16.— C. Jones, who
Is working here as engineer for the North j
Star Shoe factory, received word today of
a legacy of J12.000 ln United States bonds, |
left him by an uncle who died recently in
lowa. Jones knew nothing of his death or
that he had money.
_■ - — '
OBJEGTED ALL DAY
LAWYERS FOR DEFENSE IN TIMES
CASE DELAY TRIAL. IN
EVERY WAY.
IS HASKELL THE MANAGER?
INTENT APPARENT TO DENY EVEN
THE MOST SELF-EVIDENT
ALLEGATIONS.
BUT LITTLE PROGRESS MADE.
City Editor Gray, of the Time*, and
Samuel Hill the First Wit
nestles for the State.
The trial of the case of the state
against W. E. Haskell, for libel, was
delayed to such an extent that It has
hardly begun, by the objections put in
by the defense.
All day yesterday the attorney for
the defense objected and argued the
objections, so that a greater part of the
day was spent in trying to prove what
is almost common knowledge in the
community, that W. E. Haskell Is the
manager and controls the destinies of
the Times. When tbe day was done,
so many objections had been made that
it is doubtful if any direct proof was
made that Mr. Haskell stood In that
relation to the paper.
On the other hand, an effort was
made by Mr. Jackson to show by Sam
uel Hill, on cross-examination, what
would be practically the province of the
defence's case. He wanted Mr. Hill to
state, on cross-examination what the
duty was of every officer and person
connected with the Minneapolis Trust
company. At the close the defense
even objected to the admission of the
Issue of the Times containing the al
leged libelous article, and at that point
the case closed for the day, with the
arguments in support of the objection
to be made at 9:30 o'clock this morn
ing.
When the court convened ln the
morning the motion for dismissal of
the indictment against W. E. Haskell
was taken up and argued. The motion
was made by the defense on the ground
of defective indictment.
Mr. Hart read the Indictment and
laid stress on the fact that It charged
Mr. Haskell with "printing, composing,
publishing or causing to be published"
the article ln ques'ion.
The first claim Mr. Hart made was
that the publication was made by a
corporation of which Mr. Haskell was
president and might, perhaps, be ad
mitted to be a manager. In the next
place, Mr. Haskell did not compose,
publish or cause to be published the
article ln dispute, because he knew
nothing of the article until about noon
of the day of its publication. Section
CSOO of the Minnesota statutes, under
which Mr. Hart assumed the Indict
ment was drawn, specifies as subject
to indictment the editor, proprietor
or manager of any publication. Mr.
Hart argued that Mr. Haskell, if a
manager at all, was manager of an
incorporated association. The law per
mitted the indictment of a corporation
manager to supply the hiatus in regard
to the possibility of libel by a corpora
tion. He claimed the indictment was
defective ln that It did not allege who
published the paper. It contained no
allegation that Mr. Haskell was mana
ger of a copartnership or corporation
publishing the paper. It simply alleged
that he was manager of the Sunday
Times publication. As Mr. Haskell did J
not compose the article in Question, be- |
cause Mr. Blanchard has been charged i
with composing it, a charge could only
be brought against Mr. Haskell as a
responsible manager of a corporation. |
As such he would be liable regardless I
of lack of previous knowledge of the
publication. To sustain an indictment
it was necessary, Mr. Hart said, that
every material fact to be proved must
be alleged; The defendant must be ap
prised of the precise proposition he Is
to be called upon to defend. The in
dictment had failed to specify the
name of the corporation, and had fail
ed In many other respects.
Mr. Peterson in reply stated that
the state at this time did not desire
to argue the question of fact brought
up by the defense. It seemed to him
the only question that the court could
hear argument on was whether or not
the inductment stated a public offense.
The Judge then stated that, unless
the prosecution conceded that there
was a probability that it could not
prove Mr. Haskell's responsibility, he
could not consider the motion for dis
missal.
Mr. Belden sustained Mr. Peterson
in the statement that the prosecution
would prove Mr. Haskell's responsibil
ity as manager.
The court then denied the motion
for dismissal.
Mr. Jackson, for the defense, then
made the claim that there was no mo
tion for dismissal before the court.
The Court — I understand Mr. Hart
was arguing something.
Mr. Jackson — This matter was talked
over between Judge Belden and myself i
a week or so ago, ln which I made I
the proposal or suggestion that has j
been made here by Capt. Hart this
morning, as to the Improbability of
holding Mr. Haskell r this Indictment,
and I suppose — although of course
there was no agreement on the sub
ject — but I suppose from the nature of
our conversation at the time that
Judge Belden recognized that Issue,
and that his own information ln the
matter was precisely the same as mine.
Mr. Belden — I may confess that I did
not feel in duty bound to disclose to
my friend all the information that I
had on the subject.
The Court — Well, if there was no mo
tion made, the matter may stand, and
we will proceed with the taking of j
evidence.
The indictment having been sus
tained pending the introduction of the
state's evidence, the first witness was
called after a short recess.
Mr. Peterson offered ln evidence a
stipulation which the defense objected
to ln all exoept one point.
Mr. Peterson — Defendant Is willing
to make the following admission of
facts, saving all objections and ex
ceptions, to the relevancy, materiality
or competency of the facts so admitted.
First, that the articles set forth in
the indictment was published in the
Sunday Times, Aug. 1, 1897.
Second, that the Sunday Times was,
at the date of said publication, a news
paper published by the Times News
paper company.
Mr. Jackson — Object to that as Irre
levant and not pleaded in the Indict
ment.
Obiectlon overruled and defendant
excepts.
Mr. Peterson— Third, that the Times
newspaper company was, on said Aug.
1, 1897, a corporation duly Incorporated
and existing under the laws of the
state of Mlnne*-~y_:
Mr. Jackson- .. c object to that on
the ground that It was not pleaded ln
the Indictment.
Objection overruled and defendant
excepts. , ,
Mr. Peterson— Fourth, that William
E. Haskell was, at said date, the presi
dent and treasurer of the Times News
paper company.
Mr. Jackson— We object to that as
not pleaded in the indictment. „s i
THE SAINT PAUL GLOBS: FRIDAY, DECEMBER 17, 1897.
Objection overruled and defendant
excepts.
Mr. Peterson — We also offer the
articles of incorporation of the Times
Newspaper company, which the de
fendant concedes are the articles.
Mr. Jackson — We concede that that is
a true copy of the articles, but we ob
ject to it as incompetent, irrelevant
and Immaterial and not pleaded in the
indictment.
Objection overruled and defendant
excepts.
The articles of incorporation were
then introduced as "Exhibit B."
CITY EDITOR GRAY.
James Gray, the first witness, said he
was a "newspaper man" generally and
city editor of the Times particularly.
He had been city editor about four
years, and before that telegraph editor
and managing editor. Mr. Peterson
began to question Mr. Gray about his
duties as managing editor, and Mr.
Jackson's objection went for nothing.
Mr. Gray brought the history of the
Times down to the present and de
scribed his duties as city editor. Mr.
Gray was chary about defining his re
lations to the editorial staff and to Mr.
Blanchard. At Mr. Peterson's request
he enlightened the jury as to the or
ganization of the Times' editorial staff.
Mr. Peterson continued to ask ques
tions as to who was authorized to dis
charge or hire employes on tha Tiroes.
Mr. Jackson objected right along, but
his objections were overruled, and Mr.
Gray finally gave a list of heads of
departments who had power to hire or
discharge men, among them naming
Mr. Haskell and himself. Mr. Gray
admitted that he did not discharge any
[employe without first consulting with
! other persons on the staff. To the
I question whom he consulted, defense
I made an objection which was over
i ruled, and witness admitted that he
' consulted the managing editor.
A copy of the Times title page of
j Aug. 1 was then put ln evidence. It
contained the announcement of the
positions held on the paper by Mr.
: Haskell, Mr. Gray and Mr. Blahchard.
I Mr. Gray said he thought the same
' announcement had been run ever since.
Numerous questions were asked* and
I answered regarding the circulation of
the Times Incidentally, the witness
made clear that Mr. Haskell was the
j managing editor of the paper, but he
] didn't know whether he drew a salary
j or not.
Mr. Gray was shown a letter from
: Samuel Hill to John Blanchard, dated
!in the later part of July. Mr. Blan
chard had shown him the letter, and
I they had talked about it. He could
not recollect that he had had any con
! versatlon with Mr. Haskell about the
letter. They had talked about the de
cision of Judge Russell alluded to ln
the letter. Possibly all three had talk
ed about It.
This letter was one transmitting the
decision of Judge Russell ln the Min
neapolis Trust company case regarding
the West Pullman bonds, which de
cision completely refuted the charges
made by the Times. The publication
of this was asked as a partial atone
ment for the wrong already done,
which It presumed, was not through
malice.
The defense objected to Inquiries as
to who constituted the reportorial staff
j of the Times at the time of the rec.ipt
i of the letter, but Mr. Gray was ordered
|to name them. He could remember
only the names of Cheney, Dowell,
Hlggins and Stacey. There were oth
ers, but their names had slipped his
memory.
In the afternoon session the Hill-
Blanchard letter, as above, was Intro
i duced in evidence. The witness was
! subjected to a short examination, then.
SAMUEL HILL
Was called to the stand. Mr. Hill was
sworn and questioned by Judge Belden. He
was shown an exhibit, which proved to be
the articles of incorporation of the Minne
apolis Trust company, and they were received
without objection. The witness gave a list
of the board of directors, who had served
j during the pendency of the West Pullman
bond deal. This was followed by the names
of the executive committee for the same term
of years and the various officers of the cor
poration.
Mr. Jackson commenced a cross-examina
i tion, regarding the West Pullman bonds,
when the state objected, on the ground that
I the defense must show that in its own case.
"I want him to point out which of these
men were involved in that deal," cried Mr.
Jackson.
The court would not allow the line of evi
dence which Mr. Jackson was seeking to get
In.
"We conceded that the Minneapolis Trust
company held those bonds, as receiver," said
Judge Delden. "We have no objection to the
facta coming in, but if Mr. Jackson's ques
tions were allowed it would entirely change
the order of trial."
Mr. Hill was asked what duties as presi
dent he had to perform. Objection was made,
but not sustained. Witness answer. 1, the
duties named ln the by-laws of the company.
He was then asked If he had personal knowl
edge of or had given personal direction to the
disposition of property in the hands of the
company as trustee. Objection was made and
sustained. Considerable questioning followed
regarding the duties of the president during
which several objections were made and sus
tained.
Witness was then questioned regarding the
duties of Mr. Hamblin as assistant secre
tary, and whether Mr. Hamblin was an offi
cer of the court, to which the witness an
swered no.
Mr. Jackson— Whatever Mr. Hamblin did.
whether it was pursuant to an order of the
court or not, he did it as the officer of the
trust company, didn't he?
At this point objection was made to the
line of cross-examination, the prosecution
showing that the defense by Ingenious i.u.s
tioning was trying to shift the burden of the
proof. The defense claimed that it wanted
to show who was responsible for Hamblln's
action. Mr. Jackson said he wanted to know
where Hamblin got his authority for his ac
tions. Witness was allowed to answer yes
or no, and answered no.
Questions were then asked to show who
were members of the executive committee
from 1893 to IS9G, and who the vice presi
dents.
Q. Who was' secretary at that time? A.
Mr. Llndley. secretary and treasurer.
Q. And Hamblin was assistant secretary
at that time? A. Let's see. I was trying to
think when— only until Nov. 1, 1396.
Q. I say, In the fall of 1894 and the win
ter and spring of '95, he was assistant sec
retary? A. Yes, I think so.
Q. What were the duties and authority j
of Mr. Lindley during the fall of '94 and !
the winter and spring of '95 as secretary j
and treasurer* j
Objected to by the state as incompetent, j
Irrelevant and immaterial and not proper j
cross-examination.
The Court — Objection sustained. We won't !
go any further with that.
Mr. Jackson— l thought that was directly !
ln the line whi.ii the court held proper as
to Hamblin and the others.
The Court— Well, if that calls simply for
the general duties, I have no objection to
Its being asked and answered, but I don't
w__it to go any further into the details of
tlie matter. If that is all the counsel wishes
to bring out, all right.
Mr. Jackson— l am very frank to say that ]
I want to bring out who were the responsible j
officers of that concern charged with the duty :
of doing Its business. I supposed that was \
the object ln showing who its officers were, |
who its executive committee were, etc., ln the !
examination in chief, and I wanted to show •
it more plainly in the cross-examination.
The Court— He can state as to that. I shall :
permit him to show the general character of !
the business and the duties of the officers
without going into details, so as to connect j
It with what they did In this particular case.
Mr. Jackson— Do 1 understand that I .hall ]
not ask any question under the rulings of the |
court ln regard to this particular transaction?
The Court— He can answer with that under
standing.
A. The duties usually pertaining to the of
fice of secretary and treasurer of similar cor
porations. As treasurer he would have charge j
of the funds, depositing them in banks or j
such banks as the board might designate. He :
would have charge of the records, ke_p oil i
the minutes of the meetings, whether of the
corporation or of the board of directors, or
of the executive committee, would countersign
checks, would, in connection with the presi
dent or one of the vice presidents, counter
sign such instruments as deeds and satisfac
tions of mortgage, and perform the duties |
usually pertinent to that office.
Mr. Jackson— Now, do I understand the i
court to rule that it is not proper for me to
inquire, as a part of the cross-examination,
as to what officers or committees were espe- i
daily charged with the earing for trust prop
erty, or the administration of trusts which
the com .any held at that time?
The Court— Yes. that Is the ruling.
Mr. Jackson— Well, I have no further cross
examination at present.
__^>
Howard Chnrch Rnrned.
HOWARD, S. D., Dec. 16.— Fire broke out
in the basement of the Episcopal church yes- j
terday. The fierce gale fanned it and in ten !
minutes the church was totally destroyed. It |
cost, including furniture, $6,000, und It was i
insured for $1,600.
|WR. GAGE IS HEARD
SECRETARY OF THE TREASURY
PRESENTS HIS; CURRENCY
BILL IN PpRS£N.
t. . .
DISCUSSED IT "AT LENGTH.
l_l
POINTS ALSO BROUGHT OUT BY
MEMBERS OF THE j HOUSE
COMMITTEE.
FULL DETAILS OF THE MEASURE.
Its Object to Establish the Gold-
Standard and Reform ,the Coun
try* Monetary ..>si. m.
"WASHINGTON. Dec. 16— Secretary
Gage appeared today before the com
mittee on banking and currency of the
house of representatives to present a
biil embodying his views for a revision
of the currency, to explain and urge
its provisions, and to meet any objec- j
tions raised by the committee. The
secretary was accompanied by Judge
O'Connell, solicitor of the treasury.
Copies of tlie secretary's bill were
handed to members of the committee
and were scanned with great interest, i
After being introduced to the various |
gentlemen of the committee, Mr. Gage
began his statement, speaking in an \
easy, conversational manner. He said: I
The objects I have in mind in the series
of provisions offered by me are four ln num- j
ber:
_ irst— To commit the country more thor- !
oughly to the gold standard; remove, so far as
possible, doubts and fears on that point,
and thus strengthen the credit of the United
States both at home and abroad.
Second— To strengthen the treasury ln rela
tion to its demand liabilities, in which are j
included greenbacks, treasury notes and the !
incidental obligation to maintain on a parity,
through interchangeability with gold, so far
as may be necessary, the present large vol
ume of silver certiflactes and silver dollars. |
Third— To do this ln such a way as not to
contract the volume of a circulation in the
hands of the people.
Fourth— To take an initial step toward a
system of bank note issues without the con
ditional deposit of public bonds as security
therefor.
If we prosper as a people the revenue
of the government ought to be somewhat in
advance of its expenditures, and the public
debt of the United States gradually reduced
and flnaily extinguished. Looking at the ,
question widely, from my best point of
knowledge and experience, I feel that if these
could be secured the condition of tlie govern- |
ment, in its relation to the currency, would j
be much safer and stronger than now, and ]
that through the operation of national bank
note currency, the commercial and industrial
interests of the United States would be great
ly advanced.
Turning from his notes Mr. Gage
proceeded extemporaneously, as fol
lows:
As to the first proposition — to commit the ,
country more thoroughly to the gold standard,
remove as far as possible doubts and fears
on that point and thus strengthen the United
States both at home and abroad— l would
say that the proposition to refund the bond
ed debt of the United States, now payable in
coin into bonds, bearing on their face a lower
rate of interest and payable, principal aud in
terest, in gold, is a measure directed to that
end. It costs nothing to the government
whatever so far as the refunding of it is con
cerned, except the expenditure necessary to
print the bonds and do the clerical work. It
takes ambiguity out of the relations of the ;
government to Its creditors; it gives, I be- I
lieve, a strength and security and power to |
the whole commercial and industrial system |
of the United States and the measure as it is
prepared here in the bill will, in my opinion, I
accomplish that object. The other measures !
which are before you, which I am now ready I
to be questioned about, have been drawn to j
accomplish not only the objects named, but |
the various purposes already detailed by me. i
If they are worthy objects they ought to be |
recognized and secured. If they are un
worthy objects they ought to be rejected; or,
if the manner of securing them is not a wise
one, as I have outlined it, the manner ought
to be rejected or reformed or improved.
After this initial statement it was
deemed advisable to read the secre
tary's bill ln detail and discuss It sec
tion by section.
THE GAGE BILL.
The text of the bill is as follows:
A bill to provide for the refunding of the
national debt, for establishing a redemption
fund and a division of issue and redemption
in the treasury of the United States, and to
modify existing laws respecting national
banks, and for other purposes.
Be it enacted, etc., that there be established
in the treasury department, as a part of
the office of the treasurer of the United States
a division of issue and redemption, to which
shall be assigned under such regulations as
the secretary of the treasury may approve,
all records and accounts relating to the issue,
redemption and exchange, as hereinafter
provided, of the several classes of United
States paper money. There shall be trans
ferred from the general fund in the treasury
of the United States and taken up on the
books of said division as a redemption fund,
the sum of $125,000,000 in United States gold
coin and bullion, and such further Bums of
standard silver dollars and silver bullion
purchased under the act of congress ap
proved July 14, 1890, as shall equal the silver
certificates outside the treasury, and treasury
notes of IS9O outstanding on the date when
this act shall take effect; and t . thereafter the
gold and silver coins and bullion hereby
transferred from the general fund in the
treasury as herein provided shall be increased
or diminished as the case may be, in accord
ance with the provisions of this act, and ln
no other way.
Section 2— That all United states notes.treas
ury notes of 1890 and silver certificates pre
sented for redemption shall be redeemed from
the redemption fund herein provided, in
accordance with the terms of existing laws,
but the notes and certificates so redeemed
shall be held ln and constitute a part of
said fund, and shall not be withdrawn from
said fund nor disbursed, except ln exchange
for an equivalent amount of the coin in
which said notes or certificates were re
deemed. But to enable the secretary of the
treasury more thoroughly to carry out the
provisions contained in this act, he is hereby
authorized to exchange any of the funds in
the division of issue and redemption for any
other lunds which may be in the general
fund of the treasury department; provided,
that nothing in this act shall be construed
as repealing that provision of the act ap
proved July 14. 1890, which provides that there
shall be outstanding at any time no more
and no less of the treasury notes authorized
by said act than the silver bullion and stan
dard silver dollars coined therefrom then held
lv the treasury, purchased with said notes.
Section S— That the secretary of the treasury
be and he Is hereby authorized to receive at
the treasury any of the outstanding bonds
known as the five per centum bonds of 1904
and the four per centum consols of 1907, is
sued respectively under the act approved Jan.
14, 1875, and the acts approved July 14, 1870,
and Jan. 20, 1871, and to issue in exchange
therefor coupon or registered bonds of tha.
United States in such form as he may pre
scribe, ln denominations of fifty dollars, or
some multiple of that sum, bearing Interest at
the rate of two and one-half per centum per
annum, payable semi-annually, and redeem
able at the pleasure of the United States
after ten years from the date of their issue; I
and the bonds hereby **"_.ut_o. ized shall be
payable, principal and Blnterfst, In United
States gold coin of the prisent -yandard value,
and shall be exempt fro* all-taxation by or
under state, municipal or local authority:
Provided, that none of the outstanding bonds
shall be received at a valuation greater than
their present worth to yield an Income of
two and one-half per centum per annum, and
that the bonds hereby authorized shall be is
sued at not less than pa*
PACE vJIUE.
Section 4— That the bonds authorized by this
act, and any other bonds of the United
1 T
LONG BftLSflrM
) A Standard Winter Remedy. ?
j! Largely Use 1 In Cough „ Gold, aid S j
i] Catarrhal Ccnditions of the Throat <
| and Bronchial Passages. ij
J Contains no Opium in .any form. As an S
) expecto ant it has no equal. {'
> All l>ruggista, '45c. 50c and $t .llO a Bottle* ,1
States, may be deposited with the treasurer
of the United States as security for the
circulation notes of national banking asso
ciations; and any national banking associa
tion which may deposit the bonds herein au
thorized, to be deposited as security for its
circulating notes shall be entitled to receive
from the comptroller of the currency and to
issue such notes equal to the face value of
such bonds: Provided, that the aggregate
amount of bonds deposited by any national
banking association under any law, shall not
exceed the amount of its capital; and, provid
ed further, that nothing herein contained
shall be construed to modify or repeal the
provisions of section 5167 and section 5171 of
the revised statutes, authorizing the comp
troller of the currency to require additional
deposit of bonds held to secure the circulat
ing notes shall fall below the par value of the
circulating notes outstanding for which such
bonds may be deposited as security.
Section s— That any national banking asso
ciation, whose deposit of bonds Is less than
the amount of Its capital may deposit with
the treasurer of the United States, under such
regulations as the secretary of the treasury
may approve, United States notes, treasury
notes of 1890, and silver certificates, and shall
be entitled to receive from the comptroller of
the currency and to issue an equal amount of
its circulating notes; but the aggregate
amount of the bonds, United States notes,
treasury notes of 1890, and silver certificates
deposited by any nalonal banking association
shall not exceed the amount of its capital.
Provided, that the total amount of United
States notes, treasury notes of 1890. and silver
certificates, deposited with the treasurer of
the United States, under authority of this
section, shall not exceed the sum of $200,000,
--000.
Section 6 — That the secretary of the treasury
shall issue from time to time, ln his discre
tion, bonds of the same class and character as
those described In the third section of this act,
and shall substitute the same with the treas
urer of the United States for equal amounts of
the United States notes, treasury notes of 1890
and silver certificates deposited by national
banking associations, and the bonds so issued
and substitutes fhali be charged to the respect
ive national banking associations and be ac
counted for by them, at such prices, not less
than par, as shall represent the market value
of such bonds, and the United States notes,
treasury notes of 1890. and sliver certificates
released as herein provided, shall become a
part of the general redemption fund; and the
secretary of the treasury Is hereby authorized
to exchange any of said treasury notes of
1890, and said silver certificates for a like
amount of United States notes. Provided, that
the amount of bonds Issued under the author
ity of this Bection shall not exceed the sum
of two hundred millions of dollars.
NOTE ISSUES.
Section 7 — When any national bank, now
existing or hereafter organized, shall have
deposited such United States bonds, United
States notes, treasury notes of 1890, or silver
certificates, to an amount of not less than
fifty per centum of Its capital, it shall be en
titled to receive from the comptroller of the
currency, and to issue national bank notes,
in addition to the 50 per centum thus pro
vided, to the amount of 25 per centum of
such deposits; but the circulation Issued by
a national banking association shall never
be in excess of its paid-up capital stock and
the additional notes. so issued, shall i
not be secured by said deposit, but i
shall constitute a first lien upon all !
the remaining assets of the association j
issuing such notes. Upon the failure of any
association to redeem Its circulation notes
above provlJed, whether the same are issued ;
against deposited security or against general j
assets, the same shall be promptly redeemed
by the treasurer of the United States. To i
secure the United States against any lots
arising from its guaranty to pay and redeem j
such additional circulation notes, It snail be
the duty of the comptroller of the currency
to levy upon and collect from every national
banking association Issuing such unsecured
circulation a tax at the rate of two per
centum per annum on such unsecured cir
culation; which said tax of two per centum
per annum shall be paid to the treasurer of
the United States ln equal semi-annual pay
ments ln January and July of each year, and
when so collected it shall constitute a safety
fund out of which the United States shall be
reimbursed for any redemption of said unse
cured circulation it may make as herein pro
vided. The safety fund thus created shall be
Invested by the secretary of the treasury in
such government bonds as he may consider
advisable. Said tax of 2 per centum per an
num shal be in addition to the tax of one-half
of one per centum per annum on circulating
notes hereinafter authorized.
Sec. 8. That each additional banking asso
ciation pbali deposit and maintain in the
treasury of the United States a sum of lawful
money equal to 10 per centum of its aggregate
circulation, said sum to be in lieu of the
5 per centum redemption fund now required
by section _ of this act, approved June 20,
1874, to be maintained, and to be subject to
all the provisions of existing laws respecting
said redemption fund not inconsistent wiih
the provisions of this act; and ln considera
tion of the deposits of bonds, United States
notes, treasury notes of 1890 and silver cer
tificates, and the tax of 2 per centum on
the unsecured circulating notes of national
banking associations, and of the deposit cf
lawful money provided ln this section, tho
faith of the United States is hereby pledged
to the redemption in lawful money of the
United States of all the circulating notes of
said national banking associations.
NO SMALL NOTES.
Sec. 9. That the comptroller of the cur
rency shall not Issue to any national bank
ing association on and after tbe date when
this act shall take effect, any of the cir
culating notes of such association of less
denomination than $10, and whenever any
circulating notes of less denomination than
$10 shall be redeemed or received Into the
treasury of the United States, they shall be
canceled and destroyed, and other notes
of lawful denominations shall be Issued in
their rlace.
Sec. 10. That on and after the date when
thjs act shall take effect, the circulating
notes of the national banking associations
shall be redeemed at the office of the United
States assistant treasurer, ln the City of New
York, and at such other sub-treasury offices
as may be designated by the comptroller of
the currency, with the approval of the secre
tary of the treasury; and the circulating
notes of such national banking associations
bo redeemed shall be charged to the 10 per
centum redemption fund of such associa
tions, under such regulations as may be
prescribed by the comptroller of the cur
rency, with the approval of the secretary of
the treasury.
Section 11— That ln lieu of all existing taxes
every national banking association issuing
notes, shall pay to the treasurer of the United
States in the months of January and July of
each year a tax of one-fourth of 1 per cent,
for each half year upon the average amount
of its notes in circulation;
Provided, however, that during all the
period of time intervening between the de
posit of United States notes, treasury notes
and silver certificates, and the substitution
of bonds by the secretary of the treasury, as
in this act provided the circulating notes
specifically issued therefor and secured by
said United States notes, treasury notes or
silver certificates, shall be exempt from taxa
tion under the provision of this act
Section 12— Section 5138 of the Revised
Statutes shall be amended to read as follows:
No association shall be organized with a less
capital than $100,000, except that banks with
a capital of not less than $50,000 may, with
the approval of the secretary of the treasury,
be organized ln any place the population of
which does not exceed 6,000 Inhabitants, and
except that banks with a capital of not less
than $25,000 may, with the approval of the sec
retary of the treasury, be organized ln any
place, the population of which does not ex
ceed 2,000 inhabitants. No association shall
be organized in a city, the population of which
exceeds 50,000 persons, with a less capital than
$200,000.
This act shall take effect on any time after
the — day of — , eighteen hundred and ninety
— : and all acts and parts of acts inconsistent
with the provisions of this act are hereby re
pealed.
GENERAL DEBATE.
A wide range of discussion occurred
on section 2 of the secretary's bill. In
answer to inquiries he said Its general
purpose was the same as that set forth
by the president. Mr. Gage said the
only purpose of the bond section was
to refund outstanding bonds for low in
terest bonds payable in gold. This
would not reduce the gross amount of
the debt, but It would make a saving
on interest which the secretary rough
ly calculated at $10,000,000 annually. At
present the government paid high rates
on some of its bond issues. He thought
it possible that these could be taken up
in time at a rate of Interest even below
2 per cent, but this proposed 2*£ per
cent rate was at least a step toward
reducing the interest charge. Mr. Gage
explained in detail the plan of issuing
national bank notes for United States
notes, treasury notes, and silver cer
tificates and the covering of the latter
demand notes for refunding bonds. He
said the purpose of this was to ac
cumulate $200,000,000 of the demand
obligations, placing them aside where
they would relieve to that extent the
demands on the treasury. It was es
sential, he felt, that these demand
obligations should be materially re
duced. At the same time he did not
consider It safe to contract the cur
rency by $200,000,000 at one stroke and
for that reason he had provided for
issues of national bank notes to fill the
vacuum.
Mr. Brosius asked how parity of the
metals could be maintained if demand
obligations were withdrawn from cir
culation and accumulated ln the treas
ury.
Mr. Gage said there would be ample
demand notes outstanding beyond
$200,000,000.
Mr. Brosluß insisted that it would im-
JPLAN^ON-.*: /jjE |
9 "I have frequently used the Genuine 71y sWw 4
• JOHANN HOPF'S MALT EXTRACT in iff I
9 France, whenever I felt myself run down. jjTJ<r jL
x I al3o use it in America and find it most Ss__S_P/l?^___.
X excellent in clearing my voice." ____23l|'_/\>7\ 1\ X
t BEWARE OF IMITATIONS. The genuine * _*> _
f JOHANN Hoff's Malt Extract has this signature HT _ *2L_f_ __■ /?/?// 9
9on neck label. Eisner & Mexdelson Co., Sole C^*^^ t
• Agents, New York. C__^' •
I pese on the banks and not on the gov
ernment the obligation to maintain '
I parity.
The secretary dissented from this.
I saying the demand obligations left out
| standing would be sufficient to main
tain parity.
Mr. Brosius asserted that the banks
would be called upon to maintain the
parity and that if they were unable to
do so the country would at once be
forced to a silver basis.
Mr. Gage smilingly remarked that he
did not see the situation in that light.
He apprehended no such emergencies.
Mr. Gage intimated, in response to in
quiries from Mr. Prince, that there
were $930,000,000 of demand obligations
outstanding. Technically the entire
$9.0,000,000 was subject to demand at
any time and must be met with gold If
this was required. But it was a prac
tical impossibility, he urged, that all
these obligations should be presented
at any one time, or even a small per
centage of them.
Mr. Prince pointed out that $730,000,
--000 of demand obligations would con
tinue outstanding after the withdrawal
of $200,000,000 under the Gage bill. Be
sides this amount outstanding there
would be a new issue of national bank
notes under the secretary's bill, rais
ing the total demand obligations on the
government to $1,230,000,000, all payable
in gold.
Mr. Gage responded that the national i
bank notes would not constitute an or
dinary demand obligation against the |
government as the government would !
be obligated only In case of a general
collapse of the banks and a disappear
ance .of their securities which was not
apprehended.
The discussion brought from Mr.
Gage another general statement of all
the demand obligations of the United
States. He said he spoke from the ex
perience of a practical banker in say
ing that all the demands against the
government would not be presented at
one time. It was a tenet of banking
that all demands did not come at once.
If they did banks would not last long.
For that reason it was necessary' to ;
provide against a small per centage of
the demand. Mr. Jordan, the sub- I
treasurer at New York, had said to him i
that all the trouble ln redemption was
caused by the last $200,000,000 of de
mands. The secretary concurred in
this view. If, therefore, $200,000,000 was
set aside in redemption fund it would
to a large extent relieve the demand.
Mr. Newlands, of Nevada, argued
that a contraction of the currency j
would occur under the secretary's bill. {
if the banks surrendered their notes j
and took the refunding bonds which
were proposed as a basis for the notes, j
MIGHT OCCUR.
Mr. Gage conceded that this might '
occur, but he thought the chances of it |
were excessively remote.
Mr. Cox, of Tennessee, made the
i point that under the bill banks would i
' get circulation up to the par value of
bonds deposited at a reduced rate of
interest, while at the same time the
government was to pay 2% per cent in
terest oa the bonds on which the banks
got their circulation.
Mr. Gage answered that the proposal
of his bill was but a first step. It had
to recognize the fact that the national
banking laws provided deposits of
bonds as the basis for circulation.
That being the case he had deemed
wise as a first step to reduce the inter
est on the bonds. When that desirable
end was accomplished further steps
could be taken toward a withdrawal of
the government's guaranty for bank I
note Issues and the Inter dependence
between the banks and the government.
The hearing had continued until 12:30.
and as several members desired to go
on the floor of the house It was ar
ranged that Mr. Gage would resume
his hearing before the committee at
10 a. m. tomorrow.
In the course of his statement Mr.
Gage said that his bill would be sup
plemented at a later day by another
measure carrying out the recommenda
tions of the president, that the secre
tary of the treasury be empowered to
borrow when circumstances demanded,
$100,000,000 for a term not exceeding
one year. This power would not be ex
ercised except at rare Intervals, but It
would have a steadying effect from the
knowledge It gave the market that tho
power existed.
With this power to borrow in case
of need and the measures provided by
his bill, Mr. Gage said he would just
a„ leave run the government finances
as to run any bank, as there would be
no more responsibility or hazard.
m
A GOOD STORY.
We describe telow an occurrence, of re
cent happening, in a New Jersey town.
A butcher called for a certain preparation
at his druggist's, and was offered some mis
erable substitute. The price was held up as
an inducement for him to buy, but the butch
er insisted on having the genuine article and
got it.
Next day the druggist left an order for beef
with the butcher, who sent yea! instead. The
druggist, very angry at the supposed mis
take of the butcher, gave him a severe
lecture next time they met. The but- her
I listened patiently, then said, "Mr. F.. what
I I sent you waa beef, only it was a little
j younger than you have been used to get-
I ting."
Still more Incensed, the druggist cried, "Do
| you tako me for a fool; don't you suppose
I I know the difference between beef and veal?"
"Possibly you do, Mr. F., and I have made
a mistake, but is it not what you tri.d to
do, ln offering me a miserable substitute for
Pond's Extract?"
"Mr. 8., you are right; this is a lesson
for which ' i" thank you," said the druggist;
"hereafter people shall have just what they
ask for at my store."_
Free Skating Kinks.
SUPERIOR. Wis., Dec. 16.— Free water has
been granted by the water company for the
! free skating rinks established in the various
wards about the city, and the rinks will soon
be opened. Always heretofore private in
dividuals have opened rinks ln this city and
have derived considerable revenue from them.
The question of free water has been hang
ing Are for some time, owing to the disposi
tion on the part of members of the council
to induce the water company to lower its
rates ln this city.
r~"fiL WOMAN'S PAINS, f
, /rl&^t» Dr - Sanden's Electric Belt Goes Right to >
4 <oSfs&¥ the Seat of thejCause and Cures It, >
4 <d\ "*" I The Weakness of women, the periodical pain . ►
]k and nervousness arise from an unhealthy con- >
dition of the feminine organization. Had health
. mSflV^ means inaction, weakness, sluggish circulatio n, V
} want of strength to do what nature intended. >
/ T_!^V_7 "^ Dn Sanden's Electric Belt, as good for woni
. / vvv^_>^ men as for ,nen ' is worn while y° n slee p- a,ul i
A / X^^i. fills the weak parts with new, vigorous life. It t
/ j^ \\fe^y* cures. It is a boon to suffering women. Hook
i / %^IV "^^^y^ entitled "Maiden, Wife and Mother," free. T
i f IjM Consultation free. ' ►
\ Dear Sir: — 1 was troubled with rheumatism and neural
< _-^__t-T>_ cia lv mv tack and ride: coold not rieep ot nit After \r
__ Ion" pennarion I consent!-'! to try l>r. .anden'i KU.-tnc w
. l"*— iT _ !.ar*__' Belt, whit-li cured me in a ver. si. .rt tnii., and 1 now feel .
. li^JPSS^ ' ' ;a " ,lC ' lr "• lJU,lne " di, ,OU, "li I J.'.. THOMAS HI-INN-. ►
J ITS* 3rd Are. BO_ .Minneapolis. .Minn. .
lISAHDEH ELE.TBIB i 0„ Wi "^*"-'te._'....«sfi_. X
4 Office llours-0 a. rh. to tt p m. Sundays- l• : |1 ■»• m.
I »TTT VrTTfyrrTTTtTT ▼ VTTVt ▼-¥-▼•
RUSH AFTER SPOILS
THE DISGRACE OF THE HIOI'IEW
LICAX PART** DISCUSSED BY
CARL SCHURZ.
CIVIL SERVICE LEAGUE.
SIXTEENTH AXMAL MEETING OP
THE NATIONAL BODY AT CUf
t -I XX ATI.
TWO DELE(iATES FRO.: ST. PAUL,
Failure of the Legislature of Min
nesota to Act Reported by
Hey. Mr. Lord.
CINCINNATI. O..Dec. 16.— The Na
tlonal Civil Service Reform league be
gan a session of two days here today,
with Hon. Carl Schurz presiding. The
forenoon session was devoted to a
joint meeting of the general and of the
executive committees with closed
doors. Among the delegates present are
two from St. Paul, _.'.• R. Lord and E.
W. Peet. Among the organizations
represented are the Minneapolis Hoard
of Trade and the St. Paul Chamber of
Commerce.
At the afternoon session Secretary
George McAny verbally submitted his
annual report showing that President
McKlnley had consistently observed
the civil service law. but that a de
termined assault was being made
against civil service in congress.
Rev. W. H. Lord reported on the de
feat of the civil service bill in the last
legislature, but it was expected to pass
the next legislature. They also . xpeect
ed to secure new charters for St. Paul
and Minneapolis with civil service pro
visions therein.
Odean hall was filled tonight to hear
the annual address by Hon. Carl
Schurz, president of tho National
league, Judge William H. Tart, of the
United States court of appeals, presid
ing. President Srhurz was frequently
interrupted by applause, and especially
in the closing part of his address. At
the conclusion of the address then- was
a rising vote of thanks to Mr. Schurz.
Mr. Schurz said in part:
RUSH FOR SPOILS.
The American people have hardly ever be
held a rush for spoils of office more tumult
uous than that which follow, d President Mc
| Kinley's SCCBMIOP to power. Nor have we
' ever heard v more furious und. 1 may add, a
: more dlf-cracefiil clamor from party men for
] the breach of party faith than that of Kn
; publican politicians demanding the repeal, or
at least the disembodiment, of the civil s<r
l vice law by a president and a majority In
congress pledged to its maintenance and ex
tension. The excuse for this amazing de
mand is that President Cleveland's admin
istration had filled a great many position!
which we.re not In the classified service, with
Democrats, and then covered them with the
civil service rules in order to protect the
new Incumbents against removal.
Mr. McKlnley stoutly held his ground
against the fierce foray which was set on foot
to overwhelm him. He issued an executive
order on the 27th of July, by which he ex
empted from tho competitive rules certain
classes of positions in the revenue service,
extended the rule over a few others, and then
directed that "no removal shall be made
from any position subject to competitive ex
amination except for Just cause and upon
written charges filed with the head of the de
partment or other appointing officer, and of
which tho Hi-iii. d Khali have full notice and
an opportunity to make defence."
The part of President McKlnley'S order,
which attracted the most attention, Is that
concerning removals. It i_ do exaggeration
to say that Its appeal ance was greeted with
a round of applause that resounded all over
the country. The people saw In President
McKlnley's order a vigorous manifestation of
his patriotic purpose to make true hli words:
"Civil service reform has come to stay." He
sides the Intelligence of the country recog
nized in tho order concerning removals a
decided progress.
FIGHT NOT FINISHED.
Tho first onset against civil service reform
has been repulsed, but the fight Is not finish
ed. The clnmor of place-seekers still re
sounds with lusty vociferation. In thne Re
publican state conventions resolutions have
been adopted hostile to the m< rlt system. An
association has been organized to agitate for
the repeal of the civil service law, anil Re
publican members of the senate of the United
States and of the house of representatives are
loudly threatening to bring the matter to an
Issue at the next session of congri
What spectacle could be more significant
than that ol tt.o Republican enemy or civil
service reform Jubilantly congratulating the
Tammany tiger upon his triumph and pro
claiming to the world their common ideal of
government: Let this Ideal be
template, by an Intelligent people who w,.h
to be proud of their country and to preserve
its institutions. The enemy being desperate;
the struggle now before us may be arduous
and bitter. But it is likely to tie the last
The final Victory cannot fail to bo With SOUnd
Democratic principles, reason and civiliza
tion.
«.
PEACE TREATY RATIFIED.
The Last Act of the Tliirt j -Day
War.
ATHENS, Dec. 16.— The bottle (cham
ber of deputies) formally ratified today
the definite treaty of peace signed on
Dec. 4, h-y the representatives of the
Sublime Porte and Greece.
The Greek government had request
ed a month's extension of the tern
fixed upon for ratifying th<- treaty;
but the Turkish government pro
nounced th'- request unwarranted and
unacceptable.
3