Newspaper Page Text
land Daily Argu
Jt XL. SO. 99.
KOCK ISLAND, THUHSDAY, FEBKUAl.Y 18, !M)2.
Single C pi it 8 Cents
Per Week 11 Cents
. B. SAX.
NlIE FA RENTS:
gECa Bras ' rjj
THEY MUST GO!
Our new stock will
NEED THE 1001
Cost not taken into consideration. We
will quote you a few prices:
Worth $9.00, $1 1.00 and $12.00, for
Worth $12.00 and $16.50, for
Worth $1.50, for
Worth $.00, for
Warranted not to rip, worth $1.00, for
MEN'S PANTS, .
Worth S4.00 to SJ.OO, for
W orth 50 cents, for -
All other goods sold at the
HE LOW DO
SAX & rice, Proprietors.
lllt buvvmir r.hil-
Fea Suits until vnn
e our Grand SDrind
Leaders of Low Prices.
M. C. RICE.
soon be here.
j THE SHOUT SELLER.
He Gets a Turning Over from
Bin EES OVERWHELMED WITH
ITow tlie "Young Man villi II in Oilier in
His Hat" Has More Influence mi Price
Than Hio Hig Cui-chaser or Ileal Wheat
heap Dollars for Farmers to l'ay
Debts Willi A Chicago Man Who
Thinks Wa-.li lim n' Hill tiives Millers a
Monopoly otlicial News Notes.
Washington, Kb. IS Charles A. Pills-bur-,
the Minneapolis miller, told the
Hatch committee Yesterday what he knows
about futures, and while he was doing so.
President Hainill, of the Chieugo Hoard of
Trade, was telling a senate sub-committee
a story that nii-ht be interperted as
an intimation that Pilisbury had
a method in his opposition to
futnre"' dealings. Pilisbury said that
the world's surplus supply of wheat was
steadily dwijidlinir. and was being drawn
on eaeu year to meet the increasing con
sumption of wheat. He said that if one
man owned the wheat crop raised in this
United States this year it would have
been possible to get $1.30 per bushel for
it from Kurope just as easy as 00 cent,
because Kurope had to have it. Russia
had none to export, and India had shipped
its surplus of previous years.
Itrings Vp the Money Ouestinn.
Lewis Then the statistical position of
wheat lias Wen (.Towing better for five
years past, and the price (except for a
spurt this year) has been trowing weaker?
PiUsbury That is so.
Lewis Doesn't the value of money have
a great deal to do with it? Isn't money
worth more than ever
Pilisbury I think as a whole the dollar
will buy more goods now than ever.
Ix-wis If we had I ,.V0,O Kl,tVfc instead
fCwO.omi.rXHi, in circulation, would not the
farmers Ret more f.,r their wheat?
Wonld Pay as Much Debts.
Pi'lsbury More nominal doll.irs, but
perhaps they would not leiy so much.
Iwis It would give the farmers more
debt -paying capacity.
Pilisbury Oh, yes.
Lewis quickly retort. -rl "That is what is
the trouble with them, is it not?" and
there was general laughw r in the commit
tee. In reply tal furt her quest ion from Lewis,
Pilisbury admittedthat short sellim; alone
would not account, for the decline in
wheat, which was too great to le charge
able to one cause alone.
Young Man with Offirc in His Hat.
rillsbury favored the bill tinder con
sideration. He said that the owners of the
immense wheat fields of the northwest had
less to say 'about the price of wheat than
some young man howling prices on the
Chicago exchange, who, perhaps, could
not tell the difference between a (train of
wheat and a grain of barley. He (Pills
bury) was one of the largest buyers of
actual wheat, but his buying had less
actual effect on prices t han some one at
the wheat pit whose office was in his hat.
The only difference between the bucket
shop and the Hoard of Trade was that on
the board Hi per cent, of trades were legiti
mate, while in the shop only 1 per cent,
No Need of "short" Selling.
"Shorf selling was not necesstrry. It
was not praet iced in t he real estate or dairy
business. It had lecn stated that the mill
ers sold flour months ahead. That was
true, but he would stake his reputation
that S9; 4 per cent, of all flour sales were
followed by deliveries. He had never
known a speculative offering of flour.
Formerly millers kept large supplies of
wheat and flour on hand, but they now
recognize that it was hardly safe for a man
to be "long"' over night of a round lot of
wheat unless be had contracts already
made, for he could no longer reckon on the
law of supply and demand.
I'retty Hard on the Hujers.
Pillbury said that buyers of wheat had
to take c.iic of all actual wheat, and in ad
dition c.nie for millions of bushels of wind.
The wind was just as heavy as actual
wheat, and was so much more of a load to
be carried. He thought contracts should
be negotiable, and that sales of contracts
were legitimate, provided t lie first maker
actually had the wheat. Where a contract
was made and the wheat was not behind
it the sale was a mere gamble. The bur
den of proof, in his opinion, should lie pnt
upon the seller to show that he had the
wheat he sold.
A MOMOPOLY FOR MILLERS.
That is What llaiuill or C hicago Thinks
of Washburn's Kill.
Along about the same time that rills
bury was talkint: to the representatives,
Hamill was talking to senators. Piatt
raised a laugh by telling Hamill (sighing
as he did so) that if he (Hamill) was in
congress he would find out that there was
a feeling among the grangers that banks
and bankers were their natural enemies.
Then Hamill took up the argument
against Washburn's anti-option bill which
is the one the senate is considering. He
Baid: "The proposed measure is intended
to absolutely prohibit all merchants, great
and small, from dealing in or handling ia
the legitimate channels of trade all of the
products mentioned in the bill.
Discriminates for the tanner.
"While it avowedly gives to the farmer
the right to make contracts for the future
delivery of the products of the farm it pro
hibits by the most despotic means; the
merchants with whom the farmer makes
his contracts for future delivery from dis
posing of his property until actual deliv
ery is made by the farmer. What is the
result? As to grain, simply this, that
while the farmer has the naked right to
dispose of his property, even before he has
raised it, he can really dispose of his
wheat to the miller alone.
Monopoly for Miller, and Maltsters.
"His grain mast be sold, if for future
delivery, to a dealer who. under the pro
visions of the bill, would be prohibited
from disposing of it until its actual de
livery. It entirely eliminates all legiti
mate competition in the purchase from
the farmer of his products, for the reason
that the miller and the maltster alone re
wain nnhananerad as oo&sibja barer Iron.
him. It discriminates solely in favor of
the miller and the n-alt-ier. and secures it
luonopoly for their advantage by .irivin ;
out every dealer and wan-houseman."
Trailer. Must Produce the Wheat.
Piatt -When Huiehiii-ou cold millions
of bushels of wheat did he have to make
Hamill -Certainly. .
Wushbura Do you nupposo that Far-d:-Mg
expected to deliver the large num
ber of tmshcls he sold a few days ago?
Hamill 1 don't know what he expects to
do. I only know that hj could be cem
lclled to do so.
Washburn Kzplain. His Hill.
Senator Washburn interrupted to de
clare that there was nothing in his hill tc
prevent legitimate dealing in futures or in
turning over a contract a thousand or mori
times. The only thing it contemplated
was to prevent a man selling what ho did
not have. If a man bought 5,000 bushels
of grain for future delivery, and secure-1
a receipt for the actual grain, he could sell
t he receipt to B, and 15 to C, and so on.
Hut no man could sell in expectation oi
subsequently getting hold of that or sorm
GLEANINGS FROM THE CAPITAL.
The Doings of Congress Wike Talks fot
a Tax on Income.
Wamuxgton, Feb. 18. The senate yes
terday, as an act of friend-hip, passed tha
Plumb resolution to return to Mexico
twenty-one battle flags captured during
the war with that country, and indefinite
ly postpone 1 Quay's resolution 'o ascer
tain whether we could acquire cer.aiu por
tions ,,f the Mexican republic The bill
was passed to refund duties on wreckage
of the warships Trenton and Vandalia pre
sented to Samoi and sent to San Fiaiicisc.i
by that government for sale. A bill appro
priating tl.40,:n for a public building at
St. Paul w a passed. The Idaho contest
ed election ease was then resumed and de
lated until adjournment.
Livingtoue of toorgia offered -in the
house a resolution sympathizing with
"the masses of u.' people" on their condi
tion and promising financial relief, but it.
was objected to as buncombe by Taylof
and Dingli-y. A resolution was passed
calling on the post master general for con
tacts made under the mail subsidy act.
In committee the Indian appropriation
t iil v.as debated, during o Inch Walsoa
ei' Georgia took occassion to refer to the
woes ol the farmers in an extended spech.
No action was taken on the hiil.
Of Interest to i'casion Attorneys.
Washington. Feb .$. Iu ppty to a le.
ter f rom .in attorney ;.-;ing a receipt for
an increase declaration and other papers.
Commissioner of Pensions (j recti H. Kaum
sent the following reply, which will lie of
benefit to attorneys praet n-iug in that de
partment: '1; is the practice of this bureau
to acknowledge the recipt of every letter,
but not to mention the hitter's contents in
detail, presuming the sender knows them.
If, however, attorneys desire a receipt for
each paper, and will prepare one ready for
signat'tre, mentioning the name and uum
ber of claim with which the paper is to be
lileil. and send it with the package, it will
be returned properly signed.''
Wike Advocates an Income Tax.
Washington. Feb. IS. The ways and
means committee held a brief meeting yes
terday for the purpose of hearing Repre
sentative Wike, of Illinois, in advocacy of
an income tax. Wike argued that the
fear of reducing the reveuues below the
annual expenses of the government should
not deter the committee in the battle for
tariff reform. An incame tax, which he
considers far more equitable than the
present tariff system, sin uhl lie invoked
by legislation to supply any deficiencies
w hich tariff reduction might effect in the
necessary revenues of die government.
Discussing the Car Coupler uelion.
WasIIIM, ton, Feb. Is. The senate
committee on interstate commeree gave a
hearing to parties interested in the bill in
troduced by Senator Cullom to compel
railroad companies to use automatic car
couplers. Mr. Haines, vice president of
the Plant system of railroads, opposed the
bill, ami S. S. Wilkinson, grand master
of the Brotherhood of Trainmen, and
Messrs. Baymond and Mellin of the Massa
chusetts legislature, spoke iu support of it,
or some other measure similar to it.
Washington, Feb. IS. The president
yesterday sent to congress a message sug
gesting that further inquiry be made into
the facts before certain agents of the Choc
taw nation are paid a lame amount of
money claimed by them and appropriated
by congress as payment for their services
in scciirim: the settlement t.f Choctaw
claims. The president says there is good
evidence of corruption in the matter.
OflVreil a Postal Savings Scheme.
Washington, Feb. IS. Representative
Storer, of Ohio, introduced a bill in the
house yesterday authorizing the post
master general to designate postoffices as
postal saving depositories, to receive de
posits, and to provide for the payment of
the same to depositors, or their legal rep
resentatives, by regulations to be pre
scribed by him.
Free SilierTo ISe Postponed.
Washington, Feb. is. The proposed
joint Democratic senatorial and house
caucus upon the silver question, which
was mooted Tuesday, has been declared
eff for the reason that, for the present, at
least, no action by the house upon the free
silver bill is deemed probable.
Silver a Little Hie her.
Washington, Feb. is. The treasury de
partment yesterday purrhased f5'.,0-X)
ounces of silver at from $0 915 to t0.9"5
A Modern Lurretia in Colorado.
GrcEELEY, Colo.. Feb. 1. The shooting
of Mrs. George Voungir.ger, which oc
curred hera Monday, has been apparently
explained. It was developed at the in
quest that when theYouugingers were mov
ing to Greeley some time ago they trav
eled part way with David Patterson. Sirs.
Younginger and her child rode with Pat
terson to lighten Yonnginger's burden.
When away from the latter Patterson is
raid to have assaulted Mrs. Youngirrger
Dd accomplished his purpose. This
preyed upon her mind until she confessed
to her husband, and shortly afterward
shot herself. Paxt men has bean arrett4.
Promised tu Tray lor Chicago.
Rome, Feb is. Pope Leo trave an audi
ence to a number of the Chicago World's
fair committee, who kissed the baud of his
holiness, and by the request of the pope
gave a brief explanation of the circum
stances ami objects of the exposition. Tha
pontiff said that he would take steps to
stimulate Roman Catholic interest, in tha
fair and would especially commend tha
subject to the holy eongregatiou for tha
propagation of the faith. The pope also
promised to pray for Chicago.
Does l ook n l ittle that Way.
New Yui.-k. Feb. IS. Many Russian
Jews are applying daily at the office
of the Russian consul general in
this city to be sent back to
Russia. They are unable to make
a living in the United States and want to
net back to their homes ami friends. The
Russian vice-consul, C. G. Petersen, said
yesterday that the taik about these peo
ple being expelled from Russia was all
Made Her Uabe into Sausages.
Bkki.in, Feb. is. Bertha Dctz, a ser
aut in the family of a butcher of this city,
has been ct nvicted of a horrible crime.
The girl, having given birth to an illegiti
mate child, sought to conceal her shame
by killing the infant and destroying all
trace of its remains. She accordingly put
the body of the chill into the sausage ma
chine in her master's shop and ground the
flesh to mill, eiiiea;. The crime was dis
covered by the butcher, whose experienced
eye detected in th wat a biuall fragment
CliK -Ai;o, Feb. 17.
Following were tao quotations on tlio
board of ti.ulo toiay: Wheat -February,
opened. S'.v', clo-e.l s:i-4.-; 31,-ireh, opened Wi-ac.
closed ': May, o;ien..-'l closed 9.-e.
Corn February. o-,i.'ned 4Ua elosoJ 4u'se;
March, oion'! 4"'. clk-ed 4le; May,
KpeiieJ 4I-"'n closed 41-J4". Cats-May, opened
:lVv;e, clo-ed Hi; jc. 1'ork February, opened
f ll..-. closed I1..V: Mav, opened f lf.tsi, eloacd
fll.sJ. Lard February, o:::e.l, $0.4.o,
Live stock Fri s at the Ci.ioii St ek yard,
today ranged as follows: Hogs Market
fairly active and prices h'r iic lower than
yesterday morning; offerings 1 irely of hglit
weights; sales ranged at it.OkJ !. pigs ?I S.Vs
.' ligiit. f4.il.-, ,4. 5) rongli packing; Jf 44(,t.so
n.ived, and !.." K--4.U. l.eavy fackiug aad fciiip
ping 1 ts.
Cuttle Mark t qui.-t on lisal and chipping
. on:,t, prices steady; quotations ranged at
S4.Nf-vr' 4"i choi- e to extra shipping steers, $4.1(1
?'4.75 good to choice do, $(.70j4.15 fair to good,
f ,.le.::t ui common to medir.m do, f 3.0U it&4
l'litilieis" Me, rs. $;:.;( i :i.(io stockers, $3.8it&
4.'V Texas Meers. J:i lema.iii feeders, f 1.2HaJ..x)
cows, :.;. hui., and $:!.oa-ii6.00 veal
Sheep Market fairly active and prices
toaoy: quotation ranired at $ t .SOj,", 4 5
westerns, t.i'.'j; Ti :i natives, nnd J4.754j6.35
Produce: Butter Separator. 2sft2!e; dairies,
fancy, f reh. -t-V?r 24e: packing stock, fresh. It
15c. Eges Fresh candled, loss off. 21H iiS;o
per doz. Dressed poultry-Spring chickens,
iair, good. WJ4& 10! per lb; fancy, 11c; roosters,
c; dueks, lii5 13c; geee. Serllc: turk.ys,
thoice. l-fel'-iJiO; fair to gnoJ, ll&llie. Pota
toes Hebrons. ."SA.! per bu; Burbnnks, VP
K.'c; riose, Ito-JiKc for need; Peerless, SmOt'c for
feed; common to poor mixed lots, iKSSc.
Sweet potatoes. Illinois, S1.SU&1.2A per bbL
Apples Com m. n. Sl.tBVI.iVi per bbl; good,
Jl.Te; fancy. t17rA' In. Oranbcrries-Csps
tod. f5.oOa,..nO per bbl; Jerseys, $5 00(io.it.
Xkw York. Feb. 17.
Wheat Xo. 2 red winter cash, $1,081$; March,
Jl.Ui: A;iril. fl.uVH: May. Sl.W-4. Corn No 3
mixed cash. 4:114c; March, 4ifc -; April, 4le;
May. I!c. Oats Dud but steady; Jo. 2 mixed
cash, 3rty May, 8740. Rye Firm with
traiing-liw: car lots KsiiSlUf, boat loads,
t63WSc. Bnrley-Dtili; two-rowed state, 68
Uc; six row,-d tute. lisii.71.-. Fork Dull;
mess, l 755J. l'l.W. Laid -Quiet; March, $3.7S;
Livo stock: Cattle Market slow but steady
for all grades; poorest to best native steers,
$4.1(1(,5.01 per hw lbs; bulls anl dry cows,
ll.T.Vjit.10. hscp and lambs Sheep firm;
lambs active at an advance of V4o par lb;
sheep, S.VjOuS.oO per 1(X) lbs; lambs, tt o5
1.75. U-.igs Xomiually steadr; live hof,
$1.9 :S5 30 pvr l-.O It.
The; I. oral Market.
Offiie Rock Island Pii.t akd WkkkltIAfot-s I
liock 1-land, 111.. Feb. IS, WS f
Bran -S.V iiercwt.
Shipetnfl f 1.00 per cwt.
i!"T"?"i,h.v S9"? r"irie,isai3; clover
5ilO; baled. $il 50.
Butter Fsirto choice, 41c; creamery, SSaaBc
I lKt,t;s-Freh.aS;: packed. 20c. '
foultry Chickens. MUtU1,; turkeys, 12c
dm k, UViC: geese, l(c.
rm iT 1V1) VEOSTABLZS.
-PPl-t'J.'-'iaSJ 73 per bbl.
Fot a toes
Cuttle Butchers py for et.m fed
SH'Jttc; cows and heifer-, ''''j.'i'.iz;
Sticep I jTf 5c.
AB.vj-ATES 6 CO.
INDIANAPOLIS, IND -