VOL. I.
ALLIANCE TALKS.
NEWS OF THE ORDER FROM
ALL SECTIONS.
Items of Interest to Alliance
men Everywhere.
SOUTH CAROLINA AND THE THIHD PAHTY.
Colonel W. J. Talbert, of South Car
alin i. superintendent of the penitentiary
and lecturer of the State Alliance, whose
utterances on (the subject of~the third
party have been widely quoted and have
attracted attention outside the state, in a
recent interview, gives the lolloping as
his posit on on the third party question:
“My idea of the principles of the Alli
nnce is that they are the principles of the
democracy; that there is nothing incon
sistent in being both an alii nceman and
a democrat. Our order is political, but
not partisan, and in its ranks men of
both parties are fighting for reforms
without, however, renouncing their
party allegiance. We propose to
indorse for congress, or for the
senate, or for president, only
these men |who will advocate the
reforms we demand, but we will make
our fight in the primaries or conventions,
as the case may be, and will abide the
voice of the majority of the party, wheth
er it is for or against the Alliance candi
date. Now, as to a third party, I want
to say this: I am opposed to it, unless we
find that the reforms we advocate cannot
be brought in any other way. If they
cannot, then there wil be time enough to
decide on a course of action. It might
be that a third party would be found to
be the best, or it might not. I have
never crossed a bridge before I got to it,
rode a horse faster than it could go, or
paid a debt before I got the money and,
therefore, I can’t say what would be done
if it should be found that the Alliance
could m t achieve its ends through either
of the old parties.”
* *4*
THE NATIONAL ALLIANCE EDUCATIONAL
CAMPAIGN.
The National Alliance Educational
campaign is meeting with unreserved
commendation trom nearly everywhere.
This campaign involves the holding of
two or more great Alliance mass meet
ings in each state, to last two days or
longer, during the summer months. The
ablest and most favorable Alliance speak
ers are to attend each meeting, and it is
proposed to have an interchange of
speakers between the several sections of
the country. Among the states whose
presidents and executive committees have
enthusiastically endorsed the movement,
and have already named the times
and places tor the meetings, are: Ala
bama, Arkansas, Georgia. Illinois, Indi
ana. Kansas, Kentucky, Louisiana, Mis
souri, North Carolina, North Dakota,
Pennsylvania, South Carolina, Tennessee,
Texas, West Virginia, Indian Territory
and Oklahoma Territory. The States of
California, lowa, Maryland, Michigan,
Mississippi, South Dakota and Virginia
have all declared in favor of the cam
paign, and are now arranging for the
best times and places for their meetiugs.
Nearly every State has urg< and President
Polk to attend those mietings, and he
will be at as many of them as he can
.possibly reach.— Farmer's Advocate (Tar
tboro, N. C.)
*
*
TILLMAN TALKS.
L Governor Tillman, of South Carolina,
wants something better than the sub
fcfeasurv bill, au<i in his own view of the
question, that something better he be
lieves to be the fiee coinage of silver,
combined with the issuance of green
backs, cither on the government’s own
credit or on land. On being asked his
opinion of the future of the Alliance,
the governor said: “It is hard to say,but
it seems to me the order has a great
future. Even when its political reforms
have been secured, there is its business
organization to hold it togo her. Already
the order has done vast good, not
only in affording direct relief to the
farmers, as in the jute bagging fight and
through co-operative stores, etc., but by
teaching them the secret of acting to
gether, of co-operation. It has shown
toe farmers that they can do something
when united, and that without unity they
are hclphss. There is one danger the
Alliance will have to guard against, and
that is the individuals who would use the
Alliance vote for their selfish ends. The
rank and tile of the order will have to
relegate to the rear those leaders 'who
would attempt to enforce unanimity; to
measure men by a ‘yardstick,’ and ostra
cise or ex pell all who refuse to do their
biddmg. ”
***
In reply to a request from the Weber
county, Miss., Alliance, asking for his
views on the sub treasury plan, Governor
J. M. fetone, who has frequently and fa
vorably been nr ntioned as successor to
ex-Senator Walthall, has submitted a
letter,;; the following being an extract
therefrom: “So far as the sub-treasury
is intended to supply an increase of
money, it promises nothing good to the
farmers, who, above all others, will be
the victims of the evils of any inflation
which will disturb values. They need
for their welfare a currency as steady and
stable as themselves. Traders and spec -
ulators, those looking out for corners,
can riot amid the excitement of specula
tive values and fluctuations from disturd
ance, leaving the farmer and laborer no
sort of even chance iu that condition of
things. Promise of opportunity to ob
tain money at a low rate of interest by
depositing cotton and getting an advance
of 80 per cent, of its value is, I think,
a delusion or a snare. ”
***
The Farmers Vidette, of Alexandria,
State nf OaiV |to.
La., reports fine progress iu the order ia
that state. The Vidette reminds its
readers that “the furmer must educate
himself. lie must familiarize himself
with everything that goes to constitute
government, lie must take an interest
in his surroundings. He must awake to
the fact that duties and obligations as a
citizen require a knowledge how to per
form and discharge these in an intelligent
manner. He must, if he wishes to pros
per, cease to think by ptoxy, and do so
himself. He is a man, a being who moves,
lives and fee's, and not a machine who is
set in motion by he who desires to do so.
He is not the docile beast of burden that
some men would make him. He needs
education, apd should drink deep at the
fountain of knowledge. It is in his reach
and he should avail himself of it. He
must do his own thinking, work his own
salvation, thus be in fact, that which he
is now only in name—a man.”
*
Several colored Allianceinen of Sumter
county, Georgia, are reported to have
bought a large tract of land iu that
county, and have put up a saw mill.
They are shipping lumber all over the
State, besides setting out over 2tO acres
in fruit, and Superintendent Richardson,
of the State Colored Alliance, says this
beats politics. The colored Alliance is
niarchiug on to victory. There are in
the South to-day over 2,000,000 mem
bers. The time is near at band when
this grand organization will demonstrate
to the world that its members intend to
keep abreast with the times and demand
the same recognition granted to other
races and nation dities in the United
States. The agr cultural fields will work
out the race problem.
Labette County Statesman (Oswego,
Kas) says: “Teaching the science of
government is one great object of the
Farmers Alliance. Too much ignorance
has prevailed, and the word of dema
gogues has been taken too long for the
welfare of the people. False systems and
lalse policies have so enveloped the
farmers and laborers that life is perpetual
bell before them. They are aroused at
last to the misery and injustice of their
condition, and they are struggling man
fully to escape from it. They neither
stop nor s'acken their work until success
crowns their labor, and justice shall once
more be enthroned in the government.
Speed the day.”
*
* *
The People’s Press (New Castle. Ind.)
says: “Take good care of yoursub-
Alliancc; use every means to keep it
pure; strive to make it an educator; la
bor to keep up an interest; teach the
doctrine of truth, justice and social
equality; stimulate the young mind as
well as the old to a higher and nobler
purpose in life; cultivate a high degree of
social fellowship in the order; invite
free discussion on the living issues of the
day; do not expect to accomplish too
mucb in one day, but be satisfied to see
your strength increase day by day.”
+
. * *
.Mississippi and Tennessee are now
making it lively for their United States
senators. The various Alliance organi
zations are asking Senators Walthall and
Ge rge and Senators Harris and Bate how
they stand in regard to the demands of
the Alliance platform. The senators to
be elected in both these States will have
to make very active campaigns and prove
th' mselves stronger w ith the people than
the Alliance, or else suffer defeat at the
hands of the order, if they refuse to ac
cept the platform of principles laid down
by the Alliance.
Under the new congressional appor
tionment in Alabama the Sixth District
Alliance was cut in twain. President R.
W. Beck, who was sent into the new
ninth district, calls a convention of Alli
ancemea from Jefferson, Blount, Bibb,
Perry aDd Hale, to meet in Randolph,
Ala., to organize a District Alliance for
the new district.
¥
The county Alliances in Florida are
taking action in regard to President Polk’s
circular relative to lecturers for the Dis
trict Alliances. When these shall have
been provided in each congressional dis
trict the lecture system of the Alliance
will be fully completed, concerning na
tional, state, district, county and sub-
All lancet.
FROST IN MAY
Unprecedented Weather in the
Northern States.
An Albany, N. Y., dispatch say*:
Farmers at market, Tuesday morning, re
ported heavy frosts in their neighbor
hood. Fruit blossoms are blighted, foli
age withered, and ice half an inch thick
formed. It snowed in Albany Tuesday
morning and the weather is blustering.
Much the same condition prevailed over
the entire northern portion of the state
from east to west.
At Fort Wayne, Ind., a very heavy
frost oci urred Tuesday night. The dam
age done to fruit trees and garden truck
will be enormous.
Ice one-half an inch thick formed at
Kalamazoo, Mich. Opinions differ as to
the amount of damage done in the fruit
belt.
The grounu was covered with snow at
North Troy, Vt., Tuesday morning. A
light fall of snow is reported at Rich
ford.
The thermometer at Shrewsberrv,
Mass , was three degrees below the freez
ing point. Ice formed in the pails after
sunrise. Cherries arid plums are in
bloom.
At Winsted, Conn., ice formed in
pools all over Litchfield county. Cherry
trees are all in blossom, and it is feared
the crop has suffered by the frost. Apple
and pear trees have not yet bloomed and
those crops aro n<>t injured.
You should subscribe for this paper
and see what i* going on in the world.
TRENTON, GA., FRIDAY, MAY 8, 1891.
LABOR DAY.
PASSED MORE QUIETLY THAN
WAS EXPECTED.
Although Several Riots and
Numerous Strikes Occurred.
A cablegram from Paris fays : The city
on Friday the first of May, a day anx
iously looked forwaid to in many quar
ters, presented its usual smiling aspect,
with the exception that there was a stir
somewhat more lively than usual in the
quarters which are inhabited by the so
called working classes—in other words,
artisans, laborers and the minor class of
employes. The city, in fact, seemed to
be in an active state of siege, for in addi
tion to cavalry and police patrols the
many infantry regiments garrisoned in
the city were held under arms, with rifles
loaded, through the night. Acting upon
the theory that an ounce of prevention
is worth a pound of cure, the police dur
ing the mo ning arrested about 300 anar
chists, socialists and other persons com
ing under the category of “dangerous
characters.”
SEVEN PERSONS KILLED.
News comes from Fourmies, France,
that one-half of the workingmen there
attended to their duties Friday. The re
mainder, about 4,000, abstained from
work and were very noisy, marching
about the streets singing, shouting, etc.
During the day there was a bloody colli
sion between the miners and police, in
which seven persons were killed and
twelve wounded.
A RIOT IN ROME.
A cablegram from Rome, Italy says:
A meeting of the workingmen took place
Friday near the church of the San Gio
vanni. Five members of the chamber
of deputies were present. An anarchist
speaker violently urged his hearers to at
tack the police. The mob stoned the
troops stationed in the neighborhood.
Some of the rioters hurled stones at the
troops from the windows of bouses. At
the same time the infantry were ordered
to storm the houses from which he stones
had been thrown. Signor Barzilai, mem
ber of the chamber of deputies, Signor
Cipriani, socialist leader, and twenty-five
others were wounded. One man was
killed outright by the gendarmes’ fire
and one gendarme was stabbed to death
by the rioters. Altogether 100 persons
were arrested. Nine soldiers and five
civilians were wounded.
THE STRIKE ON IN NEW YORK.
The threatened strike fixed for May
Ist began in earnest in New York Friday
morning, so far as “housesmiths” are
concerned, and with them all the inci
dental trades are out. It is reported that
at least 4,500 men, representing the dif
ferent trades, are on a strike.
THE STRIKE AT PITTSBURG.
The long-threatened eight-hour strike
in the building trades was inaugurated at
Pittsburg, Pa. The leaders of the car
penters claim 3,000 men within the limits
of the twelve-mile district as being out.
Of these, it is said 1,000 will continue at
work on contracts that must be com
pleted, leaving at the outside not more
than 2,000 men on strike.
IN CHATTANOOGA.
Union carpenters, painters and boiler
makers of Chattanooga went out Friday
morning. The painters demand nine
hours and $2 25 per day. The carpenters
demand 30 cents per hour and nine hours
per day. Eighty carpenters and forty
painters have struck and the strikers
allege that their ranks will be doubled.
There is no excitement attending the
•trike.
ALL QUIET IN THE COAL REGIONS.
A telegram from Washington, D. C,,
says: From a great number of dispatches
from labor centers throughout the country
the following is condensed: No demon
itration whatever was made at any point in
the Pennsylvania anthracite coal regions.
At Trimble, 0., 1,100 miners struck
for advanced wages. They are divided
an the eight-hour question.
At Brazil, Ind., 2,600 miners are out.
Wages are the principal issue.
A dispatch from Ottumwa, la., says
the miners of southeastern lowa laid
down their tools Friday night and say
they will not take them up again until
ordered to do so by the supreme officers
of their union. They declare they are
not on a ..trike, but have merely sus
pended wort.
. Between 5,000 and 6,000 miners in the
Pittsburg, Pa., district struck on a ques
tion of wages, the strike having nothing
to do with the eight-hour day. It is
possible this will be settled satisfactorily.
In Pittsburg 3,500 men, employed ih the
various building trades, are idle on the
eight-hour demand. The same condition
prevails in all towns and cities in western
Pennsylvania, Ohio and West Virginia
within a 100 miles radius from Pitts
burg.
At Duquoin, 111., one of the places
where the miners demand an eight-hour
day, ,jOO miners are out They also
demand weekly payments.
At Cincinnati and Philadelphia no
eight-hour demand has disturbed the
building trades, but at Covington, Ky.,
the carpenters have struck for nine hours,
with ten hours’ pay.
A dispatch from Columbus, Ohio, says
out of 12,000 miners employed in the
Hocking Valley and Sunday Creek dis
tricts only 1,500 are working. The re
mainder are waiting the result of a con
ference with the owners on the wages
question.
At Wheeling, W. Va., 1,000 Miners
quit work to await a settlement of the
wages question.
At Louisville, Ky., Labor Day drew
out probably the largest -aiade seen.
The day was pleasant and was asatlo a
general holiday by all manufacturing es
tablishments.
At Kansas City there was nothing to
indicate that it was Labor Day, while at
Topeka, Kan., the day was generally ob
served by working classes as a holiday.
Throughout Colorado, New Mexico and
Wyoming but little notice was taken of
the day, and there was no strikes of any
importance.
At Springfield, 111., all coal miners in
the Springfield sub-district, about 1,500
in number, are idle. The operators posted
a notice that hereafter they will pay but
50 cents per ton over an inch and a quar
ter screen. This is 17£ cents less than
the price now paid.
At St. Louis, the carpenters’ strike for
an advance of 5 cents an hour, was suc
cessful, 272 bosses out or 350 having
granted the demand.
At Chicago large crowds and great en
thusiasm characterized the labor demon
stration for eight hours. The bricklayers’
union, about 2,000 strong, did not take
part in the parade, that trade having al
ruauy Deeu uccorded the eight-hour day.
Other trades unions, however, were gen
erally represented.
SUNDAY’S MEETINGS.
A London cablegram saxs: The at
tendance at the labor meeting at Hyde
Park Sunday is variously estimated at
from 20,000 to 30,000. The profession in
"conm ctiiin with the meeting included
workers or all trades, and was miles
long. A resolution in favor of a compul
sory labor day of eight hours was moved.
From various dispatches it is ascertain
ed that in general quiet prevailed in the
continental countries during the day. A
number of labor meetings were held in
Berlin, and passed resolutions favoring a
c mpulsory eight-hour labor day. They
were conducted in an orderly manner.
The city was guarded by mounted in
fantry.
THROUGHOUT EUROPE.
The principle towns in Germanv, Hol
land and Switzerland were on Sunday the
scenes of demonstrations of workmen in
favor of the eight-hour movement. In
Hamburg 30,000 persons, one-tenth of
whom were the wives and sweethearts of
the workmen, paraded through the
suburbs of Horn, the delegates from the
workmen’s societies keeping excellent
order.
IN DUBLIN.
Ten thousand workmen of Dublin
marched iu procession to Phoenix Park,
where they held a meeting at which a
r solution demanding a work day of
eight hours was pas^^.
THE MURDER OP WORKMEN.
A dispatch of Sunday from Paris says:
The details of the labor troubles at
Fourmies immensely heighten the politi
cal importance incident. The
fact that six womeflPseveral children and
eight men were killed on the suit, while
twenty were seriously several
fatally, gives the affair the character of a
massacre. "The soldiers were merely
exposed to stone-thro wing, but they re
plied with successive volleys from their
new Lebel rifles, inflicting frightful
wounds on their victims. Parliamentary
circles view the affair as snaking the
position of the ministry. Labor centers
throughout France arc profoundly moved,
and oublic meetings at Paris. Marseilles.
Lyons and elsewhere are being organized
to protest against the precipitate action
of the authorities.
CHEAP LABOR.
A later dispatch from Pittsburg, Pa.,
says: The expected sensation of the
week is the promised importation of
7,000 workmen from different parts of
the east. It is said that many will be
negroes and Italians. The operators
have little to say except that they must
run their plants somehow, while the ci'i
zens generally are indignant that steady,
skilled labor seems about to be driven
from the field by this threatened invasion
of ignorant and by no means desirable
laborers.
NORTH CAROLINA VETERANS
Preparing for a Grand Reunion
Next Month.
There will be a reunion of the survi
vors of the confederate army iu North
Carolina iu August. The reunion will be
held at Wrightsville, on the eoast, on the
camp grounds of the North Carolina state
guard, and immediately following the
annual encampment of that organization.
The state had 130,000 soldiers in the war
—more in proportion to its population
than any other southern state. Of
this number about 30,000 were killed
while fighting for their cause, and it is
estimated that there are now fully 40,000
survivors of the state troops. An im
mense crowd will be present, as this is
the first reunion of the North Carolina
troops. Many prominent men will be
present, and will add interest to the oc
casion by speeches. Great preparations
for entertainment will be made by the
people of Wilmington, near which place
the camp is located.
THE GRIP IN LONDON
Spreading Rapidly and Assum
ing a Serious Phase.
A cablegram of Saturday says: In
fluenza is spreading rapidly in London.
Many barristers and officials of the law
courts have been attacked by the disease
and it is spreading among members of
the houses of lords and comnwns. At
Woolwich arsenal so many of the work
men are suffering from influenza that
work there is greatiy interfered with. At
Leicester, the and sease has appeared in a
serious form. At Windes, Lancanshire,
the influenza has developed into a veri
table epidemic of a dangerous and pecu
liar tjpe. The physicians of that town
and neighborhood are working night and
day. At Sunderland there has been
several fatal cases of influenza.
VINDICATED.
REPORT OF THE NEW ORLEANS
GRAND JURY
On the Lynching of the Italians.
—The People Sustained.
After six weeks’ investigation the New
Orleans grand jury completed its labors
on the Hennessy case and the killing of
the Italians at the parish prison, by pre
senting a special rep rt Tuesday alter
noon. It is a very long document. Throe
thousand words at the beginning are de
voted to the subject of the alleged brib
ery of the jury which tried the Italians.
The grand jury is emphatic in the ex
pression of the assured conviction that
the result of that trial was due to tam
pering with the jury by Detective O’Mal
ley and others associated with and em
ployed by him. Regarding this the re
port says:
“But sufficient evidence was offered by
voluntary and reliable witnesses to justi
fy the indictment of six men, as follows:
Thomas McCrystol and John Cooney,
with C. C. O’Malley, for attempting to
bribe a talesman, and Bernard Giaudi,
Charles Granger and Ferucard Armeant,
for attempt by each to bribe three differ
ent talesmen. These parties are clearly
shown to have been intimate with O’Mal
ley, informed of all doings, and were
active workers in the jury fixing busiuess
generally. We are prompted to express
ourselves in deprecation of the hesitation
of many of our citizens to ba connected
with criminal prosecution by seeking re
lief from jury duty. Intelligent and law
abiding citizens, with t hose engaged in
various enterprises of business and trade,
must recognize the obligation, without
which the guilty too often go unpun
ished.”
The report then sets forth O’Malley’s
criminal record previous to the llennt ssy
murder, from which it appears that he
served a term in the workhoiuse at C leve
land, 0., in 1875, for petty larceny, and
that he was afterwards indicted in New'
Orleans for perjury in connection with
tbit case, was indicted in the United
States court in New Orleans for perjury
but was acquitted owing to the timely
disappearance of an affidavit; was con
victed to the parish prison for attempted
blackmail; was five times convicted and
sentenced for carrying concealed weap
ons; indicted twice and convicted once
of assault and battery and twice indicted
for attempting to prevent witnesses from
appearing and testifying.
A thousand words are devoted to dis
cussing the immigration question, and
then the report deals w ith the lynching
affair as follows: “In the pr. sc-ntation of
the main features given to us as evidence,
condensed as far as possible by the S'-lee
tion of the most important portions of in
quiry, we have referred mainly to the ev
idence bearing upon the trial of the
nine accused in section “B” of this hon
orable court, but directly connected w’ith
all these circumstances are terrible events
transpiring on the 14th of March last,
events which within themselves may be
charged as directly traceable to the nib
carriage of justice as developed in the
verdict rendered on March blth. We are
deeply impressed with the serious charge
delivered by your honor to this body on
the subject, and at no time since
have we lost sight of the necessitv of
all the conditions antecedent to it. We
have engaged ourselves most assiduously
with the examination of a large number
of witnesses. It is shown in evidence
that the gathering on Saturday, March
14th, embraced several thousand of the
first, best and even the most law-abiding
of citizens of this city, assembled—as is
the right of American citizens—to dis
cuss in public meetings questions of grave
import. We find the general sentiment
among those witnesses, and also iu our
interviews with people, that the verdict,
as rendered by the jury, was contrary to
law and evidence, secured mainly
through designing and unscrupulous
agents employed for the special purpose
of defeating the ends of justice. At
that meeting the determination was
shown that the people would not submit
to the surrender of their rights into the
hands of midnight assassins and
their powerful allies. The assassina
tion of the late chief of police
shows the culmination of the conspiracy.
His death was deemed necessary to pre
vent the exposure and punishment of
criminals whose guilt was being fast es
tablised by his diligent pursuit. The
condition of affairs as to a certain class of
violators of law had reached such a state,
that law itself was well nigh powerless
to det.l with them. So far-reaching was
their power and influence in the trial of
criminal cases. Good citizens were pro
foundedlv impressed by the repeated aud
signal failures of justice. '1 he arts cf
the perjurer and briber seemed to domi
nate in courts, paralyzing and rend' ring
powerless the ends of justice. Certainly
this was a desperate situation. In the
public meeting above referred to, general
and spontaneous in character, as truly in
dicating an uprising of the masses, we
doubt if any power at the command
of the authorities would h*ve been
sufficient to overcome its intentions. Evi
dence is before us from official sources
that eleven persons were killed in the
attack on the parish prison In a c ire
ful examination as to the citizenship of
these men, we find that eight of them
were, beyond question, American citi
zens, and another had “dec ared his in
tention” in this court, which act c irries
with it a renuuciation of al egianco to his
native country. It is a notewoithy fact
in connection with the uprising that no
injury whatever was done to either per
son or property beyond the one act, which
seemed to have lreen the object of the
assemblage at the parish prison. "We
have referred to the large number of
citizens participating in this demon
stration, estimated by judges fiom
6,000 to 8,000, regarded as a spontane
ous uprising of the peple. The magni
tude of this affair makes it a diffic-ult
task to fix guilt upon any number <>f the
participants; in fact, the act seemed to
involve the entire people of the parish
and the city of New Orleans, so profuse
is their sympathy, and extended toeir
connection with fhe affair. In view of
these considerations, a thorough examina
tion of the subject has failed to disclose
the necessary facts to justify this grand
Jury in presenting indictments. Respect
fully submitted.
G. H. Yennard, T. W. Castlemau, '
O. Carriere, W. L. Baxon,
David Stuart, G. C. Lafaye,
G. A. Hoosett, .Jr. John Jackson.
E. Gauche, Paul J. Christian,
S. R. Graham, Emile E. Haley.
BUSINESS BOOMING.
Dun Sc Co.’s Report of Trade for
the Past Week.
R. G. Dun & Cos. ’s review of trade for
weekended May Ist, says: Business it
large in volume and sustained by general
confidence as to the future. It is an en
couraging symptom that the market for
breadstuff* has broken and wheat is nearly
6 cents per bushel lower than a week
ago; oats, 2 cents, and corn 1-} cents
lower. Wheat and flour exports from
Atlantic ports continue far behind those
of last year, and while the reports of
foreign crop prospects are not favorable,
there is really no reason to anticipate any
shortage or unusual demand from abroad
prior to those of the current crop year.
The possible demand next year has to
meet it an exceptionally favorable crop
outlook.
Trade at most western points and south
ern points is encouraging this week. Bet
ter weather helps at almost all western
points. Trade is improving at Louisville.
Nashville and Atlanta, with decided
strength at Sr. Louis, though for the
week barely fair at New Orleans. At
Pittsburg the glass busings is active,and
Bessemer iron is 50 cents higher. The
great industries are in better shape. It
is a hopeful sign that, notwithstanding
the addition of many furnaces, which
have been idle for a mouth or two, the
price of pig iron is fairly well sus'ained,
and the demand for finished products of
iron and steel is more encouraging.
Woolen manufacturers still hesitate, ap
parently because producers are inclined
to usk higher prices for the new clip of
wool than the manufacturers can pay, but
there is a belief that the consuming de
mand for goods must be as large as it
ever has been in any previous year, and
clothiers, though very cautious hitherto,
begin to act upon that belief. The shoe
trade is still retarded by uncertainty as
to prices for the future, but is neverthe
less fairly active.
There has been some financial irritation
during the week, owing to statements
made by Mr. Leech, director *of the
mint, as if by authority of the treasury
department; and the latter statement by
Secretary I oster has not entirely removed
the feeling of apprehension. Tjje treas
ury has but little money available to meet
any emergency in the money market, and
has paid out but little during the past
week. But gold continues to go abroad
in rather large amounts, and while the
collapse in speculation in wheat tends to
help exports, it is possibly too late to
have much effect at present. Merchan
dise exports from New York continue
larger than a year ago, but imports are
aiso remarkably large, and there is a
prospect of heavy exports of gold for
some months to come.
Failures for the week number 228.
For the corresponding week of last year
the figure was 185.
THE SECRETARY TALKS.
Confident That Uncle Sam Will
Pay Off All Obligations.
A dispatch of Friday, says: Secre
tary Foster, in speaking of financial mat
ters, said that in his opinion the govern
ment would be able to take care of all its
obligations, and that, in addition to
$v!36,000,000 of bonds already retired by
this administration, it would, in his opin
ion, add a considerable amount in the two
years that remain. Concerning the SIOO,-
000,000 legal tender redemption fund in
the treasury, the secretary said that he
did not expeo. that any condition of
affairs would arise which would make it
necessary for the government to touch it.
He intimated, however, that this fund
might be used without legislative action
in case of absolute necessity to prevent
any discredit to government obligations.
THE S HAX.Ii CHANGE.
The first of the steps contemplated by
Secretary Foster for getting subsidiary
coin nov' in the treasury into circulation
was taken Friday when the following
notice, signed by United States Treasurer
Nebecker, was prepared at the treasury
department, and will be sent to backs
throughout the United State:
“The coinage of standard silver dol
lars. authorized by the act of February
28, 1878, having been discontinued by
the act of July 14, 1890, the treasurer
finds it inconvenient to furnish them
otherwise than in' the redemption of silver
certificates or treasury notes, but will
forward silver half dollars, quarters and
dimes to any address free of cost for
transportation by express in sums of S2OO
or more, or by registered mail in packages
of S7O, in exchange for any other kind of
money deposited in the treasury qr thu
subtreasury or depositary bank. Bemit
tances for this purpose will ba reeteivM
by the treasurer and assistant treasurer Iff
toe form of drafts on any bank or banker
ia Washington, New York, Boston,
Philadelphia, Cincinnati, Chicago, St
Louis, New Orleans, or San Frs-nciscp."
NO. 2.
