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ESTABLISHED 1890. TALK OF BANKERS Free Coinage of Silver at 16 to 1 60 Repugnant to Com mon Sense That It S lonld Not Be Necessary to Discuss It, Says Mr. Aldmlge. Ex-Govemor Merriam'f* Curren cy Plan Creates Interest His Suggestion. ATLANTA, (5a., Oct. 17.—"The propo sition that this government should coin silver for the world in unlimited amount at double its market value is so repug nant to the common sense of mankind." unid Mr. Aldred^e in an address at the bankers' convention, "that it ought tobe unnecessary to discuss it. And it would be but for the fact that a portion of our people have 1M"'H misled by appeals to their prejudice and by the Hpeciou8 reas onings of the sophists." He'pointcd out that the leading na tions .«f the earth, af:er testing silver for buntlrcds of years, voluntarily adopt'-d the single gold standard, nrtd that no nation today has the silver standard from choice, The gold standard advocates believe in gold as a standard with the largest pos bible safe use of silver among the peo ple. The 10 to 1 drc amers believe ii: the so called double standard, and were driven by this law to the use of silver aloue. All gold standard countries use large amounts of silver, and no silver standard country uses any gold what ever. Who Are the MonoinetalNt*. As the practical question is the use of themetals.it follows that we are the bimetallists and the 16 to 1 people are the monoinetallists. Hence the battle that is to be fought to a finish next year is whether we will remain under a gold standard with actual bimetalism in use among the jK'ople, gold and silver circulating freely without discrimina tion against either, or shall we have a so-called double standard at the mints and nowhere else, with silver mono metallism in actual use? The battle is "between sulstance and shadow,between those who want bimetallism in fact and those who want it it in name only. We the friends of silver money, who would bring to its aid the power of the good, and they are its enemies who, by unlimited coinage, would take from it the guaranty of" parity by the govern ment and thereby degrade it to its murkut value. A onteutl«»n Ilefut*«l. In refutation of the contention that gold has appreciated and depreciated H?iees, he pointed out that no two arti cles have declined at the same time or in the same degree, nor has any article mentioned remained uniformly de pre-sed, and. th' veforo, but one con trolling caus' can lie as-i,"nod for these results. (Joatiiuiia,", he s iid: ••lntetesKhuri t.c inod ilit* many parts of the e I A cent |*.T nr.nih !o ti .. annum. There is 3i- «it n that the gold bugs did tb. and West have savel n dine of inieiest than tin tlie decline in wheat an trrc-st is always I honest Ktandaul, :'i est people, where n.' S ul. It is lower i 11 any other spot oi 111 1I«T sfiin-lard is stable an c\U int' grity has leon t! statesmen and her pcopi 1K?3 in 8 cent ihefac 1 lie South i the de iiive lost in cotton. In nnder ail an lion is plenti ion than .becaus conimer eavo of her gespjist." KrpiiiiiHtiun and Mr. Allr*'dge chai^J i u i a i o n o e a n a If' to 1 man is alter, ana eliision: "Allow me in conclusion sav that our country is in no danger repudiation. This it is rt •oinage that said in con to of 16 to eo'nuge clamor is but one of the nian.i1' as of hard times, brought on by the anic. On lowlands, in the night a deadly miasma accumulates. -vhen the bright sun climbs over tops, and hhovts his purifying ra ilie ln»t tom, the iniusma is di The at mosphere is sweetened de whole some, and nun go forth iieir daily avocations with assuran alth. In spite ol' ^11 the isms tha afflicted us, in spite of demagogi- !ie stump and in the legisJat rails, the country is rapidly alw Uur fac tories are taxed to their utmost with or ders. and wages of their employes have lieen everywhere voluntarily raised. Prices have been depressed by the pan ic, but are improving. Sinister discon tent with all her imps is lleemg before the benign presence of prosperity, and in after years the heresies of today will only 1x5 remembered as a troubled dream. The American ople are hon est and patriotic. Up this rock we build our faith, aud ul the agee and Kgcncies of truth are o i for the su perstructure. Merrtam'a t'urr. nry I Ian. The currency plan utlined by Gov ernor Merriam lias nti .acted consider able attention amonj: 1 i»e bankers. In brief, his suggestions ere: ••That, say -10 per«• .t of the capital of a national I ank be i esied in United states notes, and circ-i. uikU be uUuiu ^ga nsv. the same, the 1 j* remaiu'ng ii the hands of the treasurer, and currency to an amount equal to the remaining 60 Ier cent of the capital stock to be deliv ered to the hank lor issuance when de sir* d. Before the unsecured currency is forwarded, however, each bank should pay to the treasurer an amount equal to h'.\r Per Cent of Ita Capital st«wk, as a -lank circulation safety fund,' upon which ghoul.. ailow cent per case the assets ol insolvent banks be in- money the government nteicst lit the rate of per iini'unt. The government, in (•ufficient to reimburse it for the circu lating noten of defaulting institutions, may ass -as «acb bunk in the system, pro rata, to an amount sufficient to fully in demnify it lor the loss incurred, but in any one year no institution shall be as sessed 're than 1 ]er cent of its aver age circulation for the previous year. Inasniueh as there are likely to le at least 4,00*) hanks organized under any national law. the treasurer might act as redeeming agent for all of the hanks and each hank should at all times keep With the treasurer 5 per cent of its capi tal stock as a redemption fund, which fund should be in gold coin and held in trust for the Sprclllc I'nrpone Int«-nl1. As fast as notes are redeemed the bank should at once remit a sum that would repair any deficiency made by redemp tion and new notes be forwarded. In asmuch as the banks would make a profit out of the circulation not secured by Unitul States notes or Sherman notes, it is right that sill of the banks should pay rt tax upon the unsecured notes to the government for the privi lege accorded them. The tax should be made sufficiently laige to pay all the expenses of th» office of the comptroller, including the printing of bank notes, engraving, etc. Every bank desiring to become national should pay a tax of 2 per cent per annum upon the amount of its average circulation. It can at once be seen that whenever the demands for money are sufficiently active to en able banks t-'j lend their funds at prices that will Net Them Orer Two Per Cent, there will be an incentive to put out the currency, but when it is worth less than that amount, as it has been in New York and Boston for some months, the unsigned bills v'ould remain in the vaults. The government would receive several millions of dollars per annum into its coffers to aid in paying its bills, as a return for the privilege granted the banks. In addition, the interest on $100,000 of gold now maintained in idle ness would be saved and the gold put into active use instead of being out of the channels of trade, there being no further use for a gold reserve as the bulk of the greenbacks and Sherman notes would be absorbed as a basis for currency or as a reserve against deposits in banks." BOIES ON SILVER. The Iowa Kx-»overnor Open* the Cam paign at Cherokee. CHKROKKK, la., Oct. 17.—Ex-Gover nor Boies opened the Democratic state campaign here. He reiterated his views on silver, saying in part: "I do not fear to predict that the Re publican party will never remonetize silver. It alone is responsible for the gr* at wrong that struck it down. It needs no Moses to lead the Democratic party in Iowa to victory on this subject If it will ins'-ribe upon its banners an on unequivocal demand for a restora tion of silver to the1 place assigned it by the constitution of our country, and honestly and conscientiously stand by its own declaration, its success is a .sured. If it fails to do this, it will rc quire a dispensation of Providence preserve the present status of its organ i station in this ami many other states." LYNCHED AN© MUTILATED." Another Terrible Scene Kntii'ti'd by Mob nt Mem phi*. MEMPHIS, Tenu.,- Oct. 17.—Jefferson Ellis, the Fayette county rapist, was strung to a telegraph po.e at 1:40 a. by men within "^00 yards of the scene of his latest crime. Before hang ing the negro, the mob out off both ears and all of his fingers, and mutilated him in a horrible and unmerciful man ner. Jeff Ellis oil the afternoon of Oct criminally assaulted Miss Bettie Prater in the presence of the lattc r's two littl sisters. He escaped from a mob which had gathered to lynch him that night but he was pursued unremittingly until he was captured Monday near Mount Pleasant, Miss. He confessed to the assalt on Miss Prater, to the outrage aud murder of a Mrs. Wilcox, of the same neighborhood, two years ago. and to an attempted assault upon a little girl in Mississippi while he was trying to escape from the mob. Cabinet Officer® M®©t, WASHINGTON, Oct. 17.—All of the members of the cabinet except Secretary Morton and Postmaster General Wil son, gathered at the White House at noon in answer to a summons from the president, aud the first informal cabinet meeting for several months was held, probabiy ft the purtose of enabling the cabinet officers to report to the presi dent the state of business in their de partments. DUBT YUE, Iowa, Oct. 17.—Dubuque couhty Republicans made the following noiri nations: For senator, A. C. Walk er representatives, Horatio Smith ani J. W, Osborne treasurer, .Jacob Crist man sheriff, Jacob Haudenachied. IS NOT PALATABLE But the Tnrks Will Swallow the Dose Fix (I by the Powers. Some of the Very Much Desired lii'foniis That Will lie Eli to iced. lehring Sea Claims Miy Cut Considerable Figure in Ven ezuela Matters. CONSTANTINOPLE. Oct. 17. Said Pasha has accepted the scheme for re orn: in Armenia drawn up by Great Britain, France and Russia, aud it now awaits the* signature of the sultan. The scheme is almost identical with the propes:*.!* of last May, which in sub stance were that the governors and vice governors of Van, Erzeroum. Sivas, Bitlis, Khartut and Trebi/xmd le Chris tian or Mussulman, according to the in clination of the population, but either the governor or the vice governor is to be a Christian, and the appointments art? to be confirmed by the powers. Some of the Reform*. Lx*al and not state officials are to collect the taxes, and enough money is to be ret.tined before it is forwarded to Constantinople, to pay the expenses of local administration. Complete changes will be made in the judicial system, torture will he abolished, the prisons will be under surveillance, the police will be conqKised of Christians aud Turks, equally, and the laws n.gainst compulsory conversions to Islaniisin will be strictly enforced. The ambassadors of the powers ex pect that the whole question will be finally settled during the course of the week, by the promulgation of an im perial degree. Contrary to general ex pectation, the high commissioner, who will be charged with the execution of this scheme of reform, will be a Chris tian. This was the hardest pill for the porte to sw allow, and for a long time it threatened to bring about the most se rious complications. Russian war-hip has arrived here. The situation at I«mid is critical. The Christians are apprehensive of a Turk ish outbreak. DEMANDS OF SEALERS. Paid They Will IMay a Part In the Set tlement of the Venezuela Que»tlon. ST. PAUL, (Jet. 17.—A special to the Dispatch from Washington says: Less than a week ago it was stated in these dispatches that Sir Julian Pauneefote, the British ambassador, would insist on an early convention to assess damages in the ease of the Canadian sealers who make claims against the United States for alleged seizure of vessels in the waters of lie bring sea prior to the award of the Parts tribunal. That statement is verified by an official visit by the English minister to Secre tary of State Omev, at which the terms and procedure of the convention as well as its date of assembling was considered. While the ofliciais at the state depart ment are extremely reticent almut what was agreeiTupon, and the attaches of the British legation refuse to say any thing, it may be taken for granted: First, that until the convention as sembles and takes action there will be no cons deration by the British government of the proposed arbitration of the Ven ezuelan UTidary aud seo ud, if the cviiveuti! n f.r.ls to come to some agree ment satisfactory to the govern ment of her majesty there will be ojieu interference with the surveys and examination now under way in .Nicaiagua by United States engineers with a view to building the great canal, it is dillieult to see how trouble is to be avoided, unless the administration con cedes much to England. Will Iteopi-n the College. JAMKSTOWX, N. D., Oct. 17.—At the meeting of the North Dakota synod of the Presbyterian church a committee of three was appointed to make arrange ments for the opening at the earliest possible date of the Presbyterian college located here. The institution has been closed for a number of years. It is a costly building. It is proposed to re open it as an academy or preparatory school. The Social Parity Congrena. BALTIMORE, Oct. 17.—The main fea ture of the day's session of the social purity congress was the ddress of Mrs. Julia Ward Howe Boston, who wrote of "Moral Equality Between the Sexes. Mrs. Howe was unable to be p«vsent and her address was read by one of th®' delegates. Loyal Legion. WASHINGTON,Oct. Ii .—The command ery-in-cliief of the yid Legion of the United Mates, mei n biennial session tt.the Arlington hotel, lien. Lucios Fairchild, grand commander, presiding. There were 77 ile^egates present, repre senting every state of the Uniun except Oregon. Affect* t,000 Meo. LY,NN, Mass., Oct 1?.—The iron moulders of the Gen'rai Electric Motor company have decided to strike. The demands i the n ar^that piece work shall be iibo.isht «:u'. day w\rL substi tuted. The sir.ke veil! affect 2l(XX) men. MADISON, SOUTH DAKOTA, THURSDAY, OCTOBER 17, 1895. HAS A LEVEL DECK. The IiidBknm PrwveM to lie nn t'nrom uionty Me ily Venwl. I BOSTON, Oct. ].— T'ee battleship In-J diana. which left Cramps' shipyard on Saturday for her official tr.al np, dropp'.'d anchor off ston. ommodotv Selfjvde.o, after reaciii a rep1-rt sent to him by the nn mh of the trial ard v ho came around on the ship, telegraphed the secretary of the navy that the Indiana behaved ad mitaltiy upon the voyage from Phila delphia," Later, in a iirervlew, he •aid. "Tlv-jj bring mo He Wouldn't i«-t the Mm *. KANSAS iiv, Oct. i?.—l)r. Nannie A. fc'te\t.*im( local physician, has brought suit for divorce from lia pli Stevens, a wcil-to-do Wichita farme r, charging, among other things, that h« "laid around aud Would not help her tfet the nie:: s." LATEST MARKET REPORT. Mllivuuitee Grain. WHEAT- O loivr. December, 55%c May,59J£o On Track No. 1 iiard, 5.'c No 1 Nc rther i. 55%c No Northern, r4^c. St. Tan I Union Stock Yards. iSolTII ST. I'At L. Oct. ltt, 18W5. HOGS -M.trive: strom with Saturday. Hang of vru-es, $\Wit L'A'i'TLK—Strong 11 good butch cat tl and feeders canaers steady with last week light slooke s slow. SHKhP—Market 0,i'l."»c lower a n la*t week common dub. Hece pt-: lb»g-. :i,'&*>. cattle. sou calves. *^6 s ee 4 0 Chicago Union Mock packing aud sn. ruugu CA iTLKj-lla-' ers .»(«610c iowcr. Beeves. erus, *:.!*)((4. .sHHICr -All Receipt.-.: 11 hhee j, if.O*). WlIE.Vi v .. tfctj-ic Aia.. CHAS. B. K v. ry gratifying news vegardng :h- steadiness of the new I »i tleslnp. With her heavy arnu.r :ini arma:i'*nt. it was nutmally expected, judging from the e- rieree of otli-'r countries with their n.i.i.m battle ships, that we w-uld have considerable' roll tS contend with. One of England's battleships is said to have rolled -10 degrees, whereius the Indiana does not rc-cord a roil of even one degree. This gives her an almost stationary gun platform, a c«ndi:, very much to be desired when the guns are used in ac tion.'* A Woman In the CMS. LAKE BUXTON, Minn., Oct. 17.— George Hansen, living nine miles north west of town, was fatally shot about 1 o'clock. 11.ins.'ii and brother were sleeping when a bullet smashed through George's skull. The murderer shot again, th ball lodging in the lungs. Charles Peterson, their nearest neigh bor, and heretofore intimate friend, cannot be found and is snsjxrted of the crime. The cause is alleged ty In* the fact that Peterson was noi to marry Hansen's sister. AllLWMKKIi, Oct. 10. !*!•",. FLO I "It —Firm. WHKAT— \«s spring No. 1 Northern, 61c Uee.eiub.T, 59^c. CORN No. .1, Sic. OAT— vo. 2 \v!ii e. 20c No. white, 181 u (g i 'Jc. BAKLKY—Xo. !c sample on track. 23 USc. RYE—No. 1. 4ic. *y. Daluth Graiu. DI.'IA'TH. Oct! 10. 1885 WHKAT—Cash No. 1 hard, 58%c No 1 Nor. hern, 57c No. Norih rn, Viirdt. i i u 0 i 8 HOGS— .1 ra'. cr vlow, prices 5C'» lfte lower. Salea rauged at f-.»r iiKht 4.10 for in:\-*d $ i 4U i i• i 40 .i »t KKNEUT. allowed ^l4c No. 3 spring. rejecu d, 45V4c No. 1 Nor liern. October, Xe 1 ecetu be No. 1 hard. No. 1 Northern, May. Minueapoliw Uraia. MlNNKAi'OLiS, UC 10, IStftj Ofdef yodr 10 for iiea\ y December, tjVtf iiu***" j- COKN 0( I Dicejuber. ~i u Z i a JJMcenibi'i'. ife OAT-—Ociober Maj, ^0 c. I'OliK—tctober,i6H.4u December, 8.47j, Jan iuVy, li,1* May, LAHU—-Ocii.ber, 16.6114', January. $5.1'l'st May, ^i.UO. SiiOKT HIliS October, $5.06 No vember, 45.7»£ January, $4.80. Awarded Highest Honors—World's Fair, DR. CREAM BAKING POWDER MOST PERFECT MADE. K pure Grape Cream of Tartar Powder. Free from Aatmonia, Alum or any other adulterant, 49 YEARS THE STANDARD. President. Vic THE HADISON State Bank, fladison, S. D. Winter Goal. Tho S. Y. A UKNKKAL HANKING 1WSLNESS TRANSACTED Fa rm Loans af LoW^st «*RATES^ COAL AXI» WOOD. It is good time now to make arrangements for your llyclo Ele- vator Co.. carrv HARD & SOFT COAL from the Best Mines, ('all on WM. F1NTZEL, A^ent. MBAT NAKKKT City Meat Market. Keeps constantly on hand a fall line of Fresh antf Cured Meat8, Fish, Fowl and Game, in season, 60ETHFL & SCHULTZ. OB PRINT INO FROM. The c.u le uuuiianged. oth- cows and heifers, Tuxa- sH i-rs,f:!7 3.4" Wes! .^Inciters il i! 1 tecder^. »t 10c .coil Chicago -i vision. N e» i 16. daily leader Job Department. All of uur machinery is in fine class condition, unsurpassed by any other establishment ill the state. New type and a fine.line ot paper stock. Work promptly executed and 1 prices l(e&$oi)abU PRICE FIVE CENTS. J. H. WILLIAMson President. WW#*2' Chronic Nervousness Not Sleep. Nervous headaches. Gent ie n.'.,:—I 1 i:eea taking yair lies! rat ive Nervine lor lie past three mont iis I. i-aiinoi say enough itt its IT HN Saved Hv Live, for I h:id .1 inn.^t givers tin hope of ever -beinir well .again. *i was a lirr tiif sufTerer fmui nervousness and euU'.d nor t» eeti. I was also troubled wit tie: \headache.and had tried doctors vniti. urrtil I used your N^rviru-.. min. m. itnsrvv(.»i. rn. Dr. Miles' Nervine Cures. Ir. MileV Nervi-ie is soici on a positive guarantee that the first will ii«noflt. All cirtiir^i^ts sc !Mt :it SI, 0 Ixjitles for 8S, or It will tie fttut. prepaid, on rce«-ut.i/f price by luu l'r. Miles' Medical Co., Klknart, lnd. SPUD I F' OUR Fall Catr'gua —tik st we have ye published— t(X ages, pro fus illustrated. It tell you all abc the new Fal. and Winter Styles in Men's and Boy's Clothing, Hats, Furnishing Goods, Shoes and Ladies' Cloaks. and \Ail be sent freo of charge. TS- E HUB, The World Largest Clothing Stort, Stale nd Jackson St., CHICA6I.