Newspaper Page Text
VIENNA PROGRESS.
TERMS, $1. Per Annnm.
Hew to the Line, Let the Chips Fall Where They May. 1
JOHN E, HOWELL, Editor and Proprietor.
VOL. XII. NO. 37
VIENNA, GA., TUESDAY, APRIL 3, 1894.
PUBLISHED WEEKLY.
ELAND BILL VETOED.
quantity of bullion. These treasury
notes now outstanding and in circuln- tion to prevent its coinage into any des
tion amount to $152,931.,280, and ' cription of silver coins now authorized
although there has been thus far but a under any existing law. I suppose this
comparatively small amount of this bul- section was also intended m ease the
lion coined, yet the 60-cnlled gain or , needs of the treasury called for mono
seigniorage, as above defined, which faster than tlie seigniorage bullion could
would arise from the coinage of the actually be coined to permit the issue of
l ull Text of His .Message as Seul to ■ entire mass, has been easily ascertained silver certificates in advance of such coin
THg President Rejsc's the Measorc and
Urn Eis Reasons Therefor.
Ihe House.
President Cleveland has vetoed the
.and Seigniorage bill, tiud in a mes-
5 e to tlie house he explains his reas
ons for not approving the measure.
Following is the message in full:
To the House of Representatives: tenance of the parity between the two
I return without my approval house I metals, as mentioned iu this law, can
bill numbered 4050, entitled “An act I mean nothing lees than the maintenance
directing the coinage of silver bullion I of such parity in the estimation and eon-
held in the treasury, and for other pur- ] fidence of the people who use our money in
poses."’ I Iheirdaily transactions. Manifestly,main-
My strong desire toavoid disagreement' tenance of 1his parity can only be accotii-
wltli those in both liouees of congress Pushed so far as it Is affected by these
who have supported this bill would lead ! treasury notes and in the estimation or
me to approve it if I could believe that the holders of the same by giving to
(lie pulbic good would not be thereby such holders, on their redemption, the
endangered and that such action on my I coin, whether it is gold or silver which
part would be a proper discharge of offi- they prefer.
to be a quantity of bullion sufficient to age, but its language would s»em to per-
maUe when coined fifty-five millions, one [ mit the issuance of sueli certificates to
hundred and fifty-six thousand six him-I double the amount of the seigniorage as
dred and eiglity-one standard silver dol- j stated, one half of which would not rep
lars. j reseat an ounce of silver in the treasury
the question of paritv. The debate upon this section in con
Considering tlie present intrinsic rela- . gross developed euruest and positiv
tion between gold nod silver the main- > difference of opinion as to its object and
ciol duty.
Inasmuch, however, as I am unable
to satisfy myself that the proposed legis
lation is either wise or opportune, my
conception of the obligations and re
sponsibilities attached to tlie great
office I hold, forbids indulgence of my
personal desire and inexorably confines
me to that coarse which is dictated by
my reason and judgment, and pointed
out by sincere purpose to protect and
promote the general interests of our
people.
EAST YEA It’S PANIC.
The financial disturbance which swept
over the country during lust yeur was
unparalleled in its severity and disas
trous consequences. There seemed to he
almost entirely a displacement of faith in
our financial ability and loss of confi
dence in our fiscal policy. Among those
who attempted to assign causes for our
distress, it was very generally conceded
that the operation of the provision of
(lie law then in force which required the
government to purchase monthly
large amount of silver bullion anil issue
its notes in payment therefor, wes either
entirely, or to a large extent, response
tile for our condition. This ied to the
repeal, on 1 lie first day of November,
1893, of iliis statutory provision. "We
bad even fallen so low iu the depths of
depression and timidity and apprehen
sion, had so completely gained control
in financial circles, that our rapid recu
peration could not be reasonably ex
pected. Our recovery has, nevertheless,
steadily progressed, and, though less
than live months have elapsed since the
repeal of the mischievous silver purchase
requirement, wholesome improvement
is unmistakably apparent.
CONEIPENCE LARGELY RESTORED.
t'onfidence in our absolute solvency is
to such an extent re-instated, and faith
in our disposition to adhere to sound
financial methods is so far restored as
lo produce most encouraging results,
both at home and abroad. The wheels
of domestic industry have been slowly
set In motion, and tlie tide of foreign
■ 'investment has again started in our di
rection.
Our recovery being so well under way,
nothing should be done to check our
convalescence, nor should we forget that
a relapse at this time would almost sure
ly reduce us lo a lower Btage of financial
distress than that from which wc are
just emerging.
IT WOVLP RETARD CONVALESCENCE.
1 believe that if the bill under^consider-
alion should become law, it would be re
garded as retrogression from the finan
cial intentions indicated by our recent
repeal of tlie provision for the coinage of
stiver bullion purchases: tliat it would
weaken If it did not destroy the return
ing fnith and confidence in our sound
financial tendencies, and that as a conse
quence our progress to renewed business
health would bo unfortunately checked,
and a return to our recent distressing
plight seriously threatened.
This proposed legislation is so related
to the currency conditions growing out
of the law compelling the purchase of sil
ver by the government that a glance at
such conditions and a partial review of
Die law referred to may not be unprofit
able.
between the fourteenth day of August,
1890. when the law became operative,
and the first day of November, 18911,
when the clause it contained directing
the purchase of silver was repealed, there
were purchased by the secretary of the
treasury more than one hundred and
sixty-eight millions of ounces of silver
bullion, anil in payment for this bullion
Die government issued its treasury notes
of various denominations amounting to
nearly one hundred and fifty-six millions
of dollars, which notes were immediately
added to tlie currency in circulation
among our people.
Such notes wore, by law, made legal
tender iu payments of all debts, public
and private, except when otherwise ex
pressly stipulated, and were made receiv
able for customs, taxes and all public
dues, and when so received might be re
issued. They were also permitted to 4®
held by banking associations ns part of
tlieir lawful reserves. On demand of
holders these treasury notes were to be
redeemed in gold or silver coin, in the dis
cretion of the secretary of the treasury, \
but it was declared as a part of this re-
It follows that while, in terms, the
law leaves the choice of the coin to be
paid on such redemption to the discre
tion of tlie secretary of the treasury,
that discretion, if opposed to the de
mands of tlie holder, is entirely inconsis
tent with the effective and beneficial
maintenance of the parity between the
two metals.
It both gold and silver are to serve ns
as money, and if they together are to
supply to our people a safe and stable
currency, the necessity of preserving this
parity is obvious.
QUOTES THK PLATFORM.
Such necessity has been repeatedly con
ceded in the platforms of both politic!:
parlies and in our federal statutes. It is
nowhere more emphatically recognized
than in Die recent law which repealed
the provision under which the bullion
now on hand was purchased. -This law
insists upon the maintenance of the par
ity in the value of the coins of the two
metals aud “tlie equal power of ever
dollar at all times in the markets and in
payments of debts.”
The secretary of tlie treasury has, there
fore, for the best of reasons not ouly
promptly complied with every demand
for tlie redemption of these treasury
notes lli gold, but the present situation
as well ns tlie letter and spirit of the law
appear plainly lo justify, if they do not
enjoin, upon him tlie continuation ol
such redemption.
THE CONDITION'S SUMMARIZED.
Tlie conditions I have endeavored to
present may be thus summarized :
First, the government lias purchased
and now bus on hand sufficient silver
bullion to permit tlie coinage of all the
silver dollars necessary to redeem in such
dollars, the treasury notes issued for the
purchase of said silver bullion, and
enough besides to coin as a gain or seig
niorage fifty-five million one hundred and
fifty-six thousand six hundred and
eiglity-one additional standard silver
dollars.
Second, there areoutstanding and now
in circulation treasury notes issued in
payment of bullion purchased amount
ing to $15“,951.280. These noteB are
legal tender in payment of all debts, pub
lic and private, except when ocherwisc
expressly stipulated. They are receiva
ble for customs, taxes and all public dues.
When held by banking associations, they
may be counted as a part of tlieir lawful
reserves and they are redeemed by Die
government in gold at Die op
tion of tlie „ holder. 'Cjese
advantageous attributes were .eliber-
atel.v attached to these Dotes at the time
of their Issue. They are fully understood
by our people to whom such notes have
been distributed as currency, and have
inspired confidence in tlieir safety and
value, and have undoubtedly tlius in
duced tlieir continued and contented
use as money instead of anxiety for
tlieir redemption.
SPECIFIC OBJECTIONS STATED.
Having referred to some incidents
which I deem relevant to tlie subject, it
remains for me to submit a specific state
ment of my objections to tlie bill now
under consideration.
This bill consists of two .sections, ex
cluding one which merely appropriates a
sum sufficient to carry the act into effect.
The first section provides for the imrnedi
ate coinage of the silver bullion iu Die
treasury, which represents Die so-called
gain or seigniorage or which would
arise from the coinage of all Dm bullion
on band, which gain or seigniorage this
section declares to be $55,150,081. It
directs that the money be coined, or cor
tificates issued thereon shall be used In
tlie payment of public expenditures, and
provides that, if the needs of the treas
ury demand it, tlie secretary of the treas
ury may, In his discretion, issue silver
certificates in excess of such coinage, not
exceeding the amount of the seigniorage,
in said section authorized to be coined.
The second section directs that, as
soon as possible after the coinage of this
seigniorage, the remainder of the bullion
held by the government shall be coined
into legal tender standard silver dollars,
aud that they shall be held in the treas
ury for tlie redemption of tlie treasury
notos issued in the purchase of said bull-
iou. It provides that, as fast as the
bullion shall be coined for the redemption
of said notes, they shall not be reissued.
demption proivsion that it was “the j bu * B ^ a " canceled and destroyed in
established policy of the United States to j an touuts equal to coin held at any time
maintain the two metals on a parity * u ^e treasury derived from the coinage
with each other upon the piesent legal provided fur. and Dial the silver certifi-
ratio or such ratio as mav he provided i cates shall be issued on such coin in tlie
bv law ” * j manner now provided by law.
Money coined from such bullion was to! U i8 ’ bowever ’ specially declared in
be standard silver dollars, and after i said sectio,: 1bat the act Bbail not be
directing the immediate coinage of a lit- I COB * tn, « d ' to <**»*« existing law relat-
tle less than twenty-eight millions of j >“K to the legal tender character of the
ounces, the law provided that as much \ mode of l ‘ eden) P tion of the ;reasfim "- v
of the remaining bullion should be there-! uotes issued for . the purebase of silver
after coined as might be necessary to blJiliou TO Le coined,
provide for the redemption of the treas- ! 1TS unfortunate construction.
ury notes issued on its purchase, and The entire bill is most unfortunately
that “any gain or seigniorage arising constructed. Nearly every sentence pre-
from such coinage shall be accounted for sp nta uncertainty and invites couiro-
and paid into the treasury.” versy as to its meaning and intent.
THE seigniorage defined. The first section is especially faulty in
this respect, and it is extremely doubtful
This gain or seigniorage evidently indi- |.whether its language will permit the
cates so much bullion owned by the gov- j consummation of its supposed purposes,
eminent as should remain after using a ; lamledto Relieve that the promoters
sufficient amount to coin as many stand-j ofthebiU iutende<J> ju this section, to
ard silver dollars as should equal in provide for the coinage of the bullion eon-
number of dollars represented by treas- 1 stituting Die gain or seigniorage, as it is
HO «otes issued in payment of the entire called, into standard silver dollars, and
meaning. In any event 1 am clear that
the present, perplexities and embarrass
ments of tlie secretary of Die treasur
ought not to be augmented by devolving
upon him the execution of a law so uncer
tain and confused. I am not willing,
however, to rest my objection totliis sec
tion solely on these grounds.
THE USE OF SILVER.
Iii my judgment sound fiuancedoes not
commend the further infusion of silver
into our currency at this time, unaccom
pauied by further adequate provision
tor the maintenance in our treasury of a
safe gold reserve.
Doubts also arise ns to tlie meaning
and construction of the second section
of the bill. If tlie silver dollars therein
directed to be coined are, as the section
provides, to be held in the treasury for
Die redemption of treasury notes. It is
suggested that, strictly speaking, certifi
cates cannot be issued on such coin
tlie manner now provided by law” be
cause these dollars are money held in the
treasury for the express purpose of re
deeming treasury notes, on demand,
which would ordinarily mean that they
were set apart for the purpose of substi
tuting Diem for these treasury notes
They are not, therefore, held iu such
way as to furnish a basis for certificates
according to any provision of existin
law. If, however, silver certificates can
properly be issued upon these dollars,
there is nothing in tlie section to indicate
the characteristics and functions of these
certificates. If they were to be of the
same character ns silver certificates in
circulation under existing laws, they
would at best lie receivable only for cus
toms. taxes and all public dues; and
under Die language of this section it is to
say tlie least extremely doubtful whether
the certificates it contemplates would be
lawfully received even for such purposes.
Whatever else may be said of the uncer
tainties of expression in this bill, they
certainly ought not to be found in legis
lation affecting subjects so important
and far reaching as our finances and cur
rency.
In stating other ami more important
reasons formv disapproval of this section,
I shall however assume that under its
provisions the treasury notes issued in
payment for silver bullion will continue
to be redeemed as heretofore in silver or
gold at tlie option of the holders, and
tiiat if, when they are presented for re
demption or reach tlie treasury in any
other manner, there are in tlie treasury
coined silver dollars equal in nominal
value to such treasury notes, then, and
in that ease, the notes will be destroyed
and silver certificates to an equal
amount be substituted.
ILL-ADVISED AND DANGEROUS.
I am convinced that this scheme is ill-
advised and dangerous. As the ultimate
result or its operation, treasury notes,
which arc legal tender tor all debts, pub
lic and private, and which are redeema
ble in gold and silver at the option of Die
holder, will be replaced by silver certifi
cates which, whatever may be their char
acter and description, will have none of
these qualities.
Ill anticipation of ihe result,
and as an immediate effect,
treasury notes will naturally ap
preciate ill value and desirability. The
fact that gold can be realized upon them
and the further fact that tlieir destruc
tion lias been decreed when they reach
the treasury, must tend to their
withdrawal t-oni general circulation, to
be immediately presented for gold re
demption or to be hoarded for presenta
tion at a more convenient season.
WOULD DECREASE THE GOLD RESERVE.
The sequel of both operations will be
a large addition to the silver currency in
our circulation and a corresponding re
duction of the gold in the treasury.
Tlie argument liaB been made Diat
these things will not occur at once, be
cause a long time must elapse before the
coinage of anything but the seigniorage
can be entered upon, if the physical
effects of tlie execution of tlie second sec
tion of this bill are not to be realized
until far iu tlie future, this may Tarnish
a strong reason why it should not be
passed so much in advance, but a post
ponement of its actual operation cannot
prevent the fear and loss of confidence
and nervous precaution which would im
mediately follow its passage and bring
about its worst -consequences.
1 regard this section of the bill as em
bodying a plan by which the govern
ment will lie obliged to pay out its
scanty store of gold for no other pur
pose than to force an unnatural addition
of silver money into the hands of our peo
ple.
This is an exact reversal of the policy
which safe finance dictates if we are to
preserve the parity between gold and sil
ver and maintain sensible bimetallism.
Vi'e have now outstanding more than
three hundred and thirty-eight millions
of dollars iu silver certificates issued
under existing laws. They are serving
the purpose of money usefully and
without question. Our gold re
serve, amounting to only a little
more than one hundred millions,
of dollars is direct ly charged with the
redemptionof three hundred and forty-six
millions of United States bonds.
WOULD TEND TO SIONOMETALISM.
Tv heD it is proposed to inflate our sil
ver currency it is time for strengthening
our gold reserve instead of depleting it.
I cannot conceive of alongerstep toward
silver monometalism than we take when
we spend our gold to buy silver certifi
cates far circulation, especially in view of
the practical difficulties surrounding the
replenishment of our gold.
This leads me to earnestly present the
desirability of granting to the secretary
of the treasury better power than now
exists to issue bonds to protect our gold
reserve when for any reason it should lie
necessary. Our currency is iu such a con
futed condition and our financial affairs
are apt to assume at any time so critical
a position Dint it seems to me such a
course is dictated by ordinary prudence.
FAVORS COINING SEIGNIORAGE.
I aui not insensible to the arguments
iu favor of coining the bullion seiguior-
age now in the treasury, and I believe it
could be done safely aud with advantage
if the secretary of the treasury had the
power to issue bonds at a low rate of id
terest under authority in substitution o.
that now existing aud better suited to
the protection of the treasury.
I hope a way will present itself in the
near future for tlie adjustment of our
monetary affairs in such a comprehensive
aud conservative manner as will accord
to silver its proper place in our currency,
but in the meantime I am extremely
solicitous .that whatever action we take
on this subject may be such as to pre
vent loss and discouragement to our peo
ple at home and destruction of confi
dence in our financial management
abroad. (Iroveii Cleveland.
Executive Mansion, March 29, 1894.
CRISP FOR SENATOR.
THE NEWS IN GENERAL.
Cniiteei iron Our Most iiporlam
Tetanic Advices
And Presented in Pointed aud Reada
ble Paragraphs.
After Mature Deliberation Goyeriior
Nortlien Appoints fliin,
The Selection a Surprise— -Will He
Accept!
Charles Frederick Crisp has been
appointed United States senator from
Georgia to succeed the late Alfred H.
Colquitt. This result was reached
Thursday night by Governor Northern
At the same time ihe governor author
ized the announcement that he, him
self, would not lie in tile race for the
senatorsliip.
Name after name was considered,
and all were men tit to be senators,
but the logical man of the situation, as
appeared to the governor, was
Charles F. Crisp, and to him the gov
ernor sent the following telegram :
“The Hon. Charles F. Crisp, Speaker
of the House of Representatives, Wash
ington, D. C. : I Imve appointed you
to lil’ the vacancy iu the United States
senate caused by the death of Senator
Alfred H. Colquitt. I beg that you
will at once tender me your resigna
tion, so that I cau forward your com
mission in time for you to take your
place in the senate and take part iu
the discussion and settlement of the
tariff measure soon to come before the
senate.
“I am pleased to tender to you this
appointment, because your distin
guished services in the" house have
commanded the admiration and en
dearment of our people, and I am
quite sure that my action will be most
heartily applauded by them.
(Signed) W. J. Northex,
Governor.
Whether Speaker Crisp will accept
or not he does not know himself. Tho
following private message was received
from him:
Washington, March 30.—Am pro
foundly grateful, but taken by sur
prise. Had no idea such a thing was
u contemplation. Must confer with
the democrats in the house before 1
can decide whether I can accept or
not. Charles F. Crisp.
Since writing the above Speaker
Crisp has declined to accept tlie hon
ors tendered him, and decided to re-
jiiu at his post. Governor Nortlu n
ds not yet decided upon another man
to till the vacancy.
COXEY’S ARMY
Starts oh Its March to the National
Capital*
Coxey’s army of commonweal moved
out of Massillon, O., on schedule time.
There were perhaps seventy-live in line
at the start. Carl' Brown, chief mar
shal, who headed the procession, was
mounted on a white horse and was fol
lowed by half a dozen aides, all mount
ed on horses belonging to Coxey, who
rode in a carriage drawn-by a pair of
spirited steeds. Four covered wagons
containing camping outfits, baled straw
and several quarters of beef; a brass
band aud the soldiers of the common
weal on foot followed.
They marched single file and two
abreast, as pleased their fancy. The
weather was pleasant when the start
was made, but the procession was soon
overtaken by a very severe snowstorm.
This had a depressing tendency, and a
number of desertions were reported be
fore Reeduburn,tlie first stop, was reach
ed. After a brief stay at Reeduburn.the
army resumed its onward march, and
reached Canton where Camp Lexiug-
tan was pitched. Coxey is enthusias
tic and claims that the movement thus
far exceeds his most sanguine expec
tations.
On the march from Massillon to
Canton the army was followed by a
mob of nearly a thousand people iu
carriages, on horseback and afoot.
They made the welkin ring with their
cheers and kept Coxey constantly
bowing and lifting his hat. On
reaching Cantou, the army was greeted
by fully 10,000 people, who were
crowded on the sidewalks and in win
dows and balconies along the street.
Good humor prevailed on all sides.
Camp Lexington was pitched on a va
cant lot near the workhouse and the
army of commonweal at once began
building bonfires, scattering straw
upon the ground, and making other
preparations to keep comfortable dur
ing the night.
A RAGING BLIZZARD,
Snow Vwenty Feet Deep in the North
west-Heavy Loss of Stock.
Dispatches from Buffalo, Wyoming,
state that the wires are just up after
the late storm which continued a to'-
rible blizzard for over seventy-six
hours without abating. The tempera
ture averaged zero and blinding snow
obscured the sky like clouds of dust.
Snow drifted ten to twenty feet deep
in every direction and all roads were
impassable. The coach took five days
coming from Clar Mone, thirty miles
distant on tho Burlington road. Ranch
men from the outside are unable as yet
to reach the city but reports from
stockmen near by show that the loss
stock is terrible."
Ihe Augusta, Ga., jobbers have boy
cotted the Armour Packing company
in that city. The trouble is caused,
the merchants claim, by yhe Armour
company selling direct to "the country
trade cheaper than they can sell.
Mine. Patti and Sig Nicolini have
sailed on the Campania for Liverpool.
George W. Bowen accompanied them.
There was a number of the diva’s
iriends on the pier to see her oft", and
in her cabin a garden of flowers testi
fied to the good wishes of many
others.
A Nashville dispatch says: The state
of Tennessee has filed a bill against
ex-Governor John P. Buchanan,Treas
urer M. F. House and ex-Comptroller
J. W. Allen and their bondsmen, to
recover $3,319 interest alleged to have
been paid beyond the legal limit by
them a3 a funding board.
An Albany, X. Y., dispatch says:
Comptroller Roberts makes a statement
regarding the alleged shortage in his
office, amounting to $1,000,000. His
statement flatly contradicts the report
of a defalcation, and shows that the
apparent discrepancy is duo to rebates
of taxes to various corporations, under
the law.
Henry 8. Louchiem & Co., bankers
and brokers at Philadelphia, with a
large business and reputed to be very
wealthy, have made an assignment to
General Louis Wagner, president of
the Third National bank. No figures
can be obtained, tlie doors of the bank
ing house being closed aud admittance
thereto refused.
Quite a serious wreck occurred ou
the Illinois Central railway about two
miles north of Oxford, Miss. Two
through freight trains collided with
tremendous force, completely wreck
ing both. The engines were telescoped
and practically ruined. Some of the
crew are killed or seriously hurt, but
particulars caunot yet be learned.
Fire at Philadelphia destroyed the
mill property owned by Rump &
Brothers, manufacturers of table cloths
and counterpanes, fronting on Hunt
ingdon street and extending from
Palethorpe to Hancock streets in the
heart of the Kensington mill district.
Total loss, $240,000. Nearly 400 per
sons are thrown out of employment.
Congressman W. L. Wilson’s physi
cian, Dr. Underwood, states that Mr.
Wilson is gaining strength very rap
idly, and if the weather remains fa
vorable he will be able to take a great
deal of outdoor exercise during the
next ten days. Mr. Wilson is now at
the home of ex-Congressman Ben Ca
ble, eight miles south of San Antonio,
Texas.
A Brooklyn, N. Y., dispatch says:
Andrew Scott Jamieson, convicted last
week of perjury fa the Gravesend]
cases, has been sentenced by Judge |
Brown, in the court of oyer aud ter
miner, to eighteen months in the pen
itentiary. The eighteen indicted elec
tion inspectors of Gravesend were
then called upon to plead, and all
plead guilty with two exceptions.
The arrival of Hungarians at Turin
to pay respect to the memory of Kos
suth increases daily. Every train
brings hundreds of Duse mourners,
aud it is estimated that at least 8,000
will lie present at the funeral services.
The ceremonies will be held in the
Protestant church, aftexv which the
body will be taken to the railway sta
tion for transportation to Hungary by
a special train.
The sensation of the day in Knox
ville, Tenn., is a fight which is being
waged between the Catholics and the
American Protective Association. The
latter association was only recently or
ganized tlit-re, but already has a strong
following, and its power is being felt.
The first action taken was a boycott
issued against the American Protective
Association merchants by the Catho
lics. Now, tlie A. P. A. is showing its
hand.
A Detroit, Michigan, special says:
James Wellington Browu, a poly
gamist, with the phenomenal record of
twenty-six wives iu ihe state of Michi
gan alone, and with other wives being
heard from at times in other parts of
the L T nited States, has again come in
to public notice through the inquiries
of two o£-his hitherto unreported
wives. Fmic of his victims were resi
dents of Et seoit aud two of them lived
in the sams an*rd.
During] eac erformaiice in a theater
at Lucca, Aiiy, in the province ol" that
name a gentleman upon entering his
box, found in the doorway a bomb
with a lighted fuse. He seized the
burning fuse, and by crushing it in
his hand, put out the fire. The bomb
was turned over to the police authori
ties, who had its contents analyzed. It
was found to contain together with
gunpowder, nails, bullets, bits of iron,
etc., a quantity of picric acid.
A Memphis special says: The fruit
and early vegetable crops in the south
ern states have been completely de
stroyed. Not a sign of vegetation re
mains to tell of the ravages of the cold
wave. To add to the woe of the farm
ers, another blinding slc-et storm is
prevailing. The storm is accompanied
by a high gale, which drives the fine
particles of ice before it like so many
needles. The telegraphs wire are pros
trated and reports from the surround-
territory are slow coming in, but
every dispatch brings tales of distress
and loss. -
THE FIFTY-THIRD CONGRESS
Irdcr
ill Regular Session
Daily Summary of Routine Business iu
■the Two Houses.
THE HOUSE.
In the house, Tuesday, Patterson, of
Tennessee, called up the contested
election case of O’Neill vs. Joy, from
the eleventh district of Missouri, Mr.
Reed raised the question of considera
tion, and the yeas and nays were or
dered. The vote resulted yeas 1(19,
nays 1—seven less than a quorum.
In the house, Wednesday, an order
from the committee on rules was re
ported for the immediate consideration
of contested election cases of O’Neill
vs. Joy and of English vs. Hubern,
votes to be taken after two hours de
bate in each case. The vote ou order
ing the previous question was, ayes
164, nays none. Mr. Reed made the
point of no quorum, aud the yeas and
nays were ordered. A quorum was
finally obtained, and the previous
question on the O’Neill-Joy contested
election case was ordered.
At 12 :25 Thursday, while the roll
of the house was being called ou the
contested O’Neill-Joy election case,
Mr. Pruden, the president’s executive
clerk, appeared at the bar of the house
and transmitted the president’s special
message vetoing the Bland seignior
age bill. As Pruden announced that
he was directed to transmit the mes
sage iu writing aud the president’s
approval of sundry house bills, for
a moment the deuocrats believed
that possibly Mr. Cleveland had
signed the Bland bill. Members
rushed down the aisles from
all directions and croweded about the
speaker’s desk. Speaker Crisp him
self broke the seal. One glance was
enough. “It is a veto,” said he -aud
word was passed from lip to lip. The
news was received with a mixture of
joy and sorrow. Few of the eastern
democrats plumed themselves ou the
accuracy of their predictions, but to
the vast majority the news of veto was
a severe blow, aud their expressions of
disatisfaction in some cases were loud
and emphatic. The republicans seem
ed to be greatly elated at the confus
ion and havoc created in the demo
cratic camp by the message.
THE SENATE.
At 12:12 p. m. the senate, as a trib
ute of respect to the memory of the
late Senator Alfred H. Colquitt of
Georgia, adjourned till 9 o’clock Tues
day morning, when the funeral cere
monies over his remains were to be
held in the senate chamber.
The solemn funeral ceremonies of
the late Senator Colquitt, of Georgia,
were conducted in the senate chamber
BUSINESS REVIEW.
Report of Trade for tlie Past Week by
Dim & Co.
R. G. Dun A Co.’s weekly review
of .trade says: It is perplexing to be
obliged to report that business grows
larger iu volume, at the same time not
more profitable. Uncertainty does
not diminish, but has rather increased
in the judgment of many commercial
bodies that have urged the president
to veto the seigniorage bill.
Prices of commodities do not rise,
but are ou ti e whole, about 1.5 per
cent lower tbsa last week, though then
the lowest ever known in this country
and are 12.9 per cent lower than a
year ago. No more gold has gone
abroad, and stocks average only 3
cents per $100 for railroads than last
week anil exactly the same for trust
stocks; but some foreign purchases and
the intervention of a holiday explain
the steadiness. More mills are at
work, though the portion of productive
force employed is still from a fifth to
a third in different branches of indus
try, and many mills are stopping be
cause their orders have run out, even
while a large number are starting,
with orders enough for a time.
The prospect of getting constant or
remunerative employment for works
and hands does not ehauge. The fact
that orders keep only part of the force
at work, while both prices and wages
tend downward, though spring is near
at hand, renders present 'business less
profitable aud the future less prornis-
ODR LATEST DISPATCHES.
The Happenings of a Day Chronicles in
Brief and Couc,se P-aragraphs
Anil loiiUiniu? the Gist of the News
From AH Parts of tlie World.
Mills are getting orders enough to
start and others, which have filled or
ders in sight, stop without trusting to
future trade. The demand for cotton
goods is fairly large, but with reduc
tion iu prices of some grades, and the
accumulation of print cloths continue.
A large auction sale of silks brought
fairly satisfactory prices. Sales of
wool for three weeks have exceeded
last year’s 23.9 percent, though trans
actions this mouth last year were about
40 per cent below the average.
The volume of domestic trade mea
sured by clearings for the week has
been 32 1-10 per cent, smaller than
last year and outside of New York
17.9 per cent., the decrease being there
less, but at New York greater than the
previous week. There is a more en
couraging increase ihan for many
months iu eastbouml tonnage from
Chicago, and at Indianapolis the
movement is almost as large as last
year, while westbi id tonnage of high
class merchandise «s also large.
With long delay in fixing the basis
of taxation, treasury embarrassments
increase, and sinee the Bland bill
passed the government bonds recently
purchased are quoted at priees below
the cost with interest.
The failures for the week ending
March 15th involved liabilities of only
$2,558,818, and fortwoweeksof March
only $4,835,110, of which $2,330,257
, "i were of manufacturing and $2,440,069
Tuesday morning. The hour ^ed ] of trading COUC en.s. Some deferred
was 9 a. m.. and promptly at that hour
the vice president took the chair.
Shortly before then the casket con
taining the remains, and laden with
wreathes of flowers, had been carried
into the chamber and placed on a bier
in the area in front of the clerk’s desk.
In a few minutes afterwards, the ofli-
eials of the government, whose pres
ence had been invited, the speaker and
members of the house and cabi
net were in their seats. The la
dies of the family of the dead senator,
heavily clad in mourning, sat near
the coffin. The services were con
ducted by the senate chaplain, Rev.
Mr. MilburUj assisted l.y the chaplain
of the house of representatives. The
funeral services Were conducted b v the
blind chaplain in his must solemn and
affecting style. The address was fol
lowed by a benediction, and with that,
the simple, solemn ceremonies closed.
The coffin was borne out of the cham
ber by a dozen uniformed men of
the capitol police, preceded by
the members of • the commit
tees appointed by tlie two houses
to take order for the funeral.
The members of the family, consisting
of the widow, daughters and son, fol
lowed; and then the members of the
cabinet, members of the diplomatic
corps, justices of the supreme court,
the speaker and members of the house
of representatives. The immense an-
dielice which filled tlie galleries moved
out at the same time, and, as the usual
order was restored to the chamber,
Mr. Harris; after consultation with the
reports will further swell the aggre
gate, but at San Francisco tlie resump
tions reported now exceed the failures.
A number of railroad receiverships are
noticed, though none of importance.
The failures this week number 244 in
the United States,against 217 last year,
and fifty in Canada, against twenty-six
last year. It is noteworthy that Cana
dian failures arc considerably increas
ing.
GROWTH OF THE SOUTH.
The Industrial Situation as Reported
fur Ihe Past Week.
The review of the industrial situation in the
South for the past week shows tint there i* a
Very gent rai and wide spread revival in indns-
ti ini. bneinew and tiuauoial circles. Favorable
Weather lias been ) ro i.ptly taken sdtautage of
»nd many new bui dings are in progress. There
is also a considerable iiureiee both in thenum-
j her of new industries reported, and in the
I number of enlargements" of manufacturing
! plants. An interesting and noteworthy feat
ure of lh- industrial development i* that it
covers almost every branch of manufactures.
Fifty-one new industries were established or
mcorpora’ed during the week, together with
eleven enlaig-nuutg of manufactories and
thirty-two important new buildings. Promi
nent among the new industries of the weak are
tlie following: The Its I giver t.'ottou Mill Co,
of Ifcnii n. Texas, capital $824,009; the Lake
City Colton Manufacturing Co., of Lake City.
I'll., capital $1(10.1)00. the Mi aul County Oil
‘Jill Co-, of C .m-ron Telau capital $50.0(10;
the Central Cumler Co., of Little Rock, Ark.,
capital $23 00’) (tie Berkeley County Canning
Co., of Mnrtinsanrg. W. Vs, capital $25,000.
and the Wheeling Tent and Awning Co., of
Wheeling, W, Ya„ capital $20,000.
Brick works are to be built at Velasco. Tex
as, canning factories at Dawson, Ga., Dover, j
Ky., IU: dersou ami Murphy. X. C., and Big j
•„ .. . • i , _ . ,, , . i 8t<ine Gap, Va., a cotton compress st Velasco, j
t,< e-plesnlentj moved that the senate j i cans, and cjttou mills at Snainsboro, Gi., and
adjourn until Wednesday at noon. The j Concord, X". C. An electric iigbting plant is
bodv of the late senator was escorted i re Perted at Lewiaburg, Tenn, tlonrand grist
from the i-.pitol to fc tartr
' a.; foundries and machine shops at Camden,
Ark, Dayton, Ky., Greenville, 8. C-. aud Wood-
stock, Va. An oil miil will be built at Perry.
Ga, and a sugar refinery at Perry, La. Tanne
ries arc reported at Suaineboro, Ga-. aud Par-
tons. Va, and tobacco works at Elkin, X T . C,
aDd Franklin, Tenn. Woodworking plants are
to be bull! at Huntsville and Gurley, Ala.. Cam
den and Varner, Ark, Brooklyn, * Fia, Pinia,
Waltertown, Waycrcss and Valdosta. Ga, Bow
en, Ky, Tunica, Miss, Elloree, 8. C, and
Pittsburg, Ttiiu.
The new buildings reported for the week in
clude businesi houses at C.liman, Ala-, Ocala
and St. Augus'ine, Fla, Augusta, Ga, El
Dorado and Houston, Texas; a 520,000 court
house at Homersvilie, Ga.; a $200,0j0 hotel aDd
sanitarium at Charleston, W. Va.; a $40,000
eciiool building at Atlanta, Ga, and residences
at Charleston, \V. Va, Louisville, Ky, and Or
angeburg, S. C.—Tradesman (Chattanooga,
l enu.
The hens are notv filling their con
tracts for spring delivery.
Brains and brawn make a eotqbjBa-
tiou that is sure to win.
Stewart Writes to Coxey.
Senator Stewart, of Nevada, hag-
written a letter to J. S. Coxey, com
mander of the army of the common
wealth advising him to give up his
scheme for a demonstration upon con
gress. Among other things he says to
Coxey: “Abandon the folly of march
ing an unarmed multitude of starving
laborers against the modern appliances
of war under the control of a soulless
money trust. Such folly will augment
the power of the oppressor and endan
ger the safety of the ballot itself.
Disorder is all that is required to in
sure the supremacy of the armed force*
of the money powers at the polls.”
nia station by a squad of capitol po
lice, followed by the congressional
committee which is to accompany the
remains to their last resting place.
The funeral party left Washington over
the Richmond aud Danville railroad
for Macot, Ga. The home of Mr.
Colquitt is at Atlanta, but almost all
his family sleep in Macon, and he will
be placed beside them in that city.
In the senate "Wednesday the bill to
provide for the free and unlimited
coinage of silver, introduced by Mr.
Stewart, was laid on the table for the
present. Mr. Dolph introduced a joint
resolution declaring the Clavton-Bul-
wer treaty no longer in force. It was
referred. The senate ihen went into
executive session to consider Florida
nominations.
Funeral Sendees Over Kossuih.
The funeral services over the re
mains of Louis Kossuth were held in
the Evangelical church at Turin. The
city was crowded with sightseers and
the streets presented a most remarka
ble appearance, owing to the im
mense number of Hungarians in
full national costume. The streets
through which the funeral procession
passed were lined by muneipal guards,
and on all sides were to be seen
mourning emblems and crape-draped
flairs.
Won’t Surrender DaGania.
The New York Herald's Rio dispatch
says that the government of Portugal
has replied to Peixoto’s demands and
refused to surrender the insurgent
refugees who sought an asylum ou their
vessels after the surrender iu Rio har
bor. It maintains that to comply
with the demands would be contrary
to the principles of humanity and op
posed to all precedents of international
law.
The best anp only sure time to con
trol the liquet Imbit is before it is
formed. /
farmer George Lee died at Madi
son. Ind, recently, from the effects
of a peculiar accident. He was stoop
ing to milk his cow, his head resting
against her flank, when she gave a
sudden lurch which thrust his head
downward, bending him almost dou
ble. dislocating his spine and para
lyzing his body from liis hips down
He leaves a wife and three chil-
rlran
The luck of the Rev. Mr. Scarrow,
of Russell, Kan., runs to funerals.
Within one week he held services foi
a man whose body was totally con
sumed by fire, for a man who died in
the penitentiary, for a murdered man
whose remains had been rotting in the
ground since last July, and finally
over the bodies of three murderers
lynched by a mob.
H. Talbot, who is only a young
fellow, had one of his heels cut off at
the Victor mine in Missouri by a
walking beam of the pumps; a leg
broken in the crusher at Rising Sun;
same leg rebrokeu at the ice plant;
an eye put out at the Spencer & Me-
Coney mine by the explosion of a
cap, and got general bruises by drop
( Ding into a 30-foot shaft.
Fire at Hattiesburg, Miss., destroy
ed the "Wiscassett planing mill, dry
houses and about 2,000,000 feet of
lumber. Loss, $30,000; partly in
sured.
A general strike of 10,000 coke
workers and miners of the Conuells-
ville region has been ordered by the
executive committee of the United
Mine Workers, to go into effect at
once.
The Cincinnati, Hamilton and Day-
ton railroad has purchased from Baron
Frlauger the controlling interest iu
Ihe Cincinnati, New Orleans and Texas
Pacific railroad, known as the Queen
and Crescent route.
A special from Columbia, S. C.,
says: There came very near being a
serious riot and much bloodshed in
Darlington resulting from what was
thought to be an intention on the part
of the state dispensary constables to
raid private houses.
Dispatches from Grenada, Duckbill,
Utica and Hazelhurst, Miss., report
that ice, sleet and snow covered the
ground Thursday morning, completing
the destruction of all vegetaion that
frost cau kill. The loss to truck farms
and orchards is very great. At Duck
bill the snowstorm was the heaviest for
years.
The rumored assignment of George..
W. Palmer, the millionaire, of Salt-
viile, Va., is positively denied by those
associated with him in business in
Lynchburg, Va., and elsewhere. A
private telegram received from Mr.
Palmer says: “I have not made an as
signment, nor do I propose to do so. ”
The story seems to have originated iu
Richmond.
A Chattanooga special says: A re
duction of 10 per cent in the wages of
all employes of the Queen and Crescent
railroad, to take effect April 1st, has
been announced. The reduction affects
7,000 employes on the line between
Cincinnati and New Orleans and means
a saving of nearly a million dollars
annually. This is the last road in the
south to make the reduction.
A mau calling himself Harry Lee
applied to the police station at Gales
burg, 111., for food and shelter. He
said he was a brother of General Rob
ert E. Lee of Virginia. He said the
family had become impoverished in
the south and he had come north to
make money. He bore letters and
pictures of the Lee family to establish
his identity, and seems well educated.
The South Carolina state board of
canvassers is still considering the Izlar-
Stokes contest, It has been decided
that no testimony should be admitted
which had not been previously sub
mitted to the county returning board.
This will have the effect of excluding
a large part of the evidence relied
upon by Stokes and heightens the
probability that Izlar will recieve the
certificate.
The sprinkling contract bcaudal at
Nashville lias developed another phase.
The grand jury has returned indict
ments against -T. J. Anderson of
Nashville and Freeman Wright and I’.
O’Connell of St. Louis, for couspiraey
to bribe a city official. The commit
tee iuvcstigaiingtbe chargesof brib
found that no bribery was committed,
but the evidence pointed to the con
clusion that a conspiracy was formed
for that purpose but was not carried
out.
The grand jury of Surry county, X'.
C., has returned true bills against nine
of the men who broke into Alleghany
county jail and lynched Dan Slaughter.
Six of the men thus charged are from
Ashe county, two from Alleghany
county and one from Wilkes county.
Alexander Rose, the captured and
wounded lyncher, has been iorced to
turn state’s evidence, and will be re
leased on giving $1,500 bail for iiis-««
appears uce. from court to court, as
the state authorities are bent upon
punishing the lynchers.
Captain Frederick V. Abbott, United
States engineer iu charge ol" the jetty
improvements in Charleston harbor,
has completed a new survey of the ap
proaches to Charleston harbor, which
shows a marked deepening of the ship
channel from deep water outside to
deep water inside the bar. By the sur
vey of last December there was a shoal
of one thousand feet in width at the
inner end of the channel and this shoal
has been narrowed to about twenty
feet. Iu December there was a clear
channel of twenty feet aud six inches
and in the new-survey there is a clear
channel of twenty-two feet and four
inches.
A curious* tatality seems to Jiavt
attached itself to the family of Cap
tain Wilson, the African fighter. All§
the members of it that have died),
have been the victims of acci
dent or violence, except his mother,*
who a few weeks ago succumbed to
an attack of paralysis. The hus
bands of two of Captain Wilson’s sis
ters were drowned, as were two broth
ers in South Aftica. There remains
now the eldest son, Dr. George Wil
son, a pioneer of sanitary science and ''
x lover of fox-hunting.
A. K. Klam, of Reading, Fenn., has
had his nose cut off, but not to spite
his face, rather to benefit it. He is
»aid to be a handsome young man,
but unhappily wes afflicted with a
nose so big that it, quite spoiled his
stherwise fine appearance, and caused
continual remarks, both from his
friends and enemies. He went at last
to a surgeon to have the redundancy
of nose removed. The operation was
successfully performed, and to-day
Mr. Klam is happy in the possession
of a nose which is straight, comely
And of moderate proportions.
Ax the great Italian Fenitentiarj
of Porto Allegro, in Sardinia, tliers
has just died an old convict named
Guiseppe Ramas, who was sentenced
to penal servitude for life more than
thirty years ago for selling sausage*
made of human flesh. During the
course of his trial the grewsome fact
was brought to light that lie had
assassinated no less than sixteeu
persons for this object.