State of Dade news. (Trenton, Ga.) 1891-1901, July 17, 1891, Image 1

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VOL. . ALLIANCE TALKS. NEWS OF THE ORDER FROM ALL SECTIONS. Items of Interest to Alliance men Everywhere. OFFICIAL. To tl e Brotherhood of' the National Farm m Alliuuce and Industrial lni >n. It is now apparent that the enemies of reform ihroughout the country are mar shaling tlie.r forces for a vigorous aid determined effort to weaken and destroy the Alliance. Its tuture progress will bo stubbornly cont'sted and resisted, but we will assuredly and gloriously triumph if we be cautious, prudent, faithful and firm. The outlook tor the success of the great reforms w T e advocate, was never so hopeful and encouraging ns now\ The Order throughout the whole country is daily adding to it3 numbers, aud it i in finer spirit and is more thoroughly united than ever before. But the peculiar con ditions confronting us demand the utmost caution, lest we com mit errors, which might prove la’al to our cause. The nciiiu of our state alliances and of the supreme coun cil, in their foithcoming annual meet ings. wifi be universally regarded with earnest lutert , ..nd the character of that action dcpeudsrftirgely on the wisdom of the subordinate bodies. The sub-adiances are to select members as delegates to the county alliances which are to choose delegates to the state alli ance, which, in turn, is to select dele gates to the supreme council. In view of the great and important work to be done duiing the next alliance year, and which must necessa iily be largely diree'ed by the state bodies and the supreme council, the brotherhood is earnestly admonished to exercise great care in telecting the men to whom must be entrusted the lesponsibili ly of guiding our course as au Order. Let those who are to legislate for us, in the State Alliances and in the Supreme Coun cil, be not (nty our ablest and wisest men, but let their loyalty to our cause be without taint or tarnish. Put none but true and faithful Alliancemen on guard in this hour of our great need, and all will be well. L. L. Polk, President N. F. A. and I. Washington, D. C., July 3, 1891. * * VERY IMPORTANT. The Progressive Farmer (Raleigh) says editoiially: ‘‘The brotherhood cannot be too careful in the important matter of sclenting their vory boat meet foifb ful members to represent them ill their various state affiances, which are to meet in the near future. None but earnest, faithful allianeemen, who stand unfl nch ingly by our principles, should be select ed as representatives of the state in the next supreme council. Matters of vital importance are to be considered and act ed upon by that body. It will be the most impoitant meeting by far that has ever been held by our or d*r. It should, therefore, be com posed of our very best men. Th< se men are to be chosen by our State Alliance, and as that body is composed of men selected by the various county alliances, we urge upon the county alli ances to be can-ful and discreet in selec ting them. During the next alliance year we will need stern integrity ol prin ciple, high moral coursgs and unwaver jng loyalty in our leaders. Especially are these qualities to be seriously sought for in selecting the presidents of the various s ates. They must be men of “the courage of their convictions.” They must be men of nerve. They must be true to alliance principles. They must be clear above the tempta tions of bribery. They musi bo men whe will, under all circumstances, prove iru6 and faithful to the great trusts commit ted to their keeping. We think we can clearly foresee a condition of things that will require all these qualities in the men who ate to bear our bauners. Unless we greatly mistake the signs of the times, the day is not distant when the manhood and honesty and courage and loyalty of all Allianeemen will be put to the sever est test. The indications are that a heavy assault is to be made on us and all aloDg the lines. Let us h ivc our wised and best men to lead and guide us. * * * BANKS OF ISSUE. A writer in the Atlanta Constitution says: “The Farmers’Alliance agitation has attracted the attention of the public to one feature of their demands which i9 not necessarily associated w r ith the details of their scheme. This feature is the de claration that one of the chief needs ol the country is an elastic currency. The princ pie is not new. It was enunciated by John C. Culliouu half a century ago, when the financial system of the country was indisorder and the minds of statesmen weie directed to the currency and its con nection with the banks. Some of the xvsest and most conservative men of the country, though not agreeing with the farmers in the means they propose, are cordially with them in their de mand for an elastic currency. Such men arc looking for the ‘something better, which the farmets agree to adopt Erovided it may be found. Perhaps the est known and most influential econo mist who takes this view is David M. Stone, the editor of The New York Journal of Commerce, a periodical which, proba bly more than any other, enjoys the con fidence of the best class of business men, not only in New York, but in all parts of the country. Mr. Stone published in the July Forum a long article sugge ting that ‘banking system which should per mit issues of notes on credit would cxuct lymeet the difficulty.’ This is the most Valuable contribution made to the tub jert through the magaztn s since the Farm ers’ Alliance discussion began. The article is important because it mggests a means of accomplishing the objec* to which the popular agitatiou of the last two years has been principally directed, aDd the suggestion is one likely to meet the ap proval of both the farmers and business men.” * * * NORTH DAKOTA. The following is the platform of de mands passed by the North Dakota Al liance at their recent state meeting: 1. That we are in hearty accord with the platform and demands,adopted by the National Farmers Alliance and Industrial Union, at the National Council at Ocala, Fla. 2. That wc are in favor of the third po litical party movement, and believe it will be a great benefit to the rllianj cause end the people. 8. That we are in favor of the prohibi tory 1 quorlaw, and demand the enforce ment ot the said law. 4. That we favor a free and uniform system of text books for our public schools. 5. That we urgently demand the pas sage of a bill by congress pla< in g a heavy revenue upon nil marginal sales and purchases of farm produce. 6. We demand that women have equal political rights with men. 7. We demand government ownership and control of lines of transportation and communication. + * ,* * OATICS’ DENIAL. A Washington dispatch says: William C. Oates, of Alabama, in au interview denies the authenticity of the reported interview with him some weeks ago in which he was quoted as saying that the democracy must beat the alliance out of existence. As an agricultural organiza tion he thinks the alliance a good thing. He ft vo s all of the demand! of the alliance except the sub-treasury and land loan Dills and government ownership of railroads; but comb mas the alliance methods to control the democratic party in the south and commit it to the support of these three objectionable measures. He says that the compla nts of farmers are just, but some of ihe remedies pro posed by the alliance are infinitely worse. than the disease; that the democratic party favors a reduction of taxes, more extended markets for agricultural pro ducts and a greater volume of sound money. He adds that if the democrats get control of the government the farm ers will find in these measures the relief they seek and are entitled to. * * BTATE MEETINGS, State Alii tnee meetings will be held on •he dates and at places named below: jVI—W., 13 - 1 -n , a *->* 1 1 Arkansas, Little Rock, August 19. California, Los Angeles, October 20. Colorado, October 20. Florida, Dade City. October 20. Georgia, Atlanta, August 19. Illiuois, Springfield, October 27. Indiana, November 17. lowa, October 13. Kansas, Salina, October 21. Kentucky, Elizabethtown, Nov. 10. Louisana, LaFayette, August 4. Maryland, Baltimore, August 11. Michigan, Lausing, October 6. Mississippi, Starkville, August 25. Missouri, Pertylo Springs, August 25. New York, November 4. North Carolina, Morehead City, Au gust 11. Pennsylvania, Harrisburg, Nov. 10. South Carolina, Spartanburg, July 22. South Dakota, Huron, date not fixed. Tennessee, Nashville, August 11. Texas, Dallas August 18. Virginia, Richmond, August 18. West Virginia, Grafton, August 12. Indian Territory, Atoka, August 4. Oklahoma, Oklahoma City, August 18. * * * Alliance Advocate, (Louisville, Tenn.) says: “If every detail of the sub-treasury bill was ch-.nged, there is one thing that has been made certain to every thinking mind by a discussion of this bid, and that is that money loaned on farm pro ducts, the staple crops, is the best and safest banking system that can be de vised by man. Why? Because notes issued on corn, cotton and wheat, can always be readily converted. There is always a buyer. Now let us have the l est scheme that can be devised for banking on these crops. Those who are dissatisfied with the details of the sub treasury bill, let them accept this as a fact, that the farmers of this country are going to bank on the security which they have to give, which is the best un der the shining heavens. The farmers will acccept with pleasure anything bet ter than the sub-treasury bill aud stand by the men who propose it. * ★ * The Alliance of Oglethorpe county, Ga., at a recent meeting in Lexington,discussed many and varied questions pertaining to the order, among them the bagging ques tion. The following resolutions were passed: Resolved, That it is the sense of this qounly alliance that it will be unwise for nlliancetnen to plant themselves, or allow their tenants to do so, xvhen they can prevent, more than a half crop of cotton or not more thvn ten acres to the horse or mule for the year 1892. Resolved, 2. That th s county alliance will do all in its power to carry out the foregoing resolution. Resolved, 3. That we bind onrselvesin writing to abide by the above resolutions if the southern allianeemen will adopt the spirit of them as the policy of the al liance in the cotton-growing states. * * * A recent dispatch from Topeka, Kan., says: The Kansas State Alliance has consummated a scheme whch will save the farmers of the state thousands of dollars. A committee of three lead ing allianeemen was appointed to mke a list of v'\ farm mortgages, aud then go TRENTON, GA„ FRIDAY, JULY 17,’ 1891. east and negotiate wi h capita ls* for pv. ment and renewals of such is cannot be met W’lien due. The object of this plan is to forever put at rest the charge that the farmers of Kansas are in favor of repudi ation, and to also save them fully 3 per cent, in interest and comnrssion paid to middle men and agents, who have filched from both the lender and borrower. The Committee will deal with the capitalists direct, and wilt go east at an early date and endeavor to correct the false impres sion concerning the intentions of the ai liancemeu regarding their mortgage in debtedness. . * * * Mr, I. S. Adams, head of the Farmers’ Alliance of Louisiana, as well as state commissioner of agriculture, has been unanimously nominated as a candidate for governor by the alliance of his parish. Mr. Adams will run on the democratic ticket, being opposed to the third party movement, and will put his,name before the democratic convention, where he promises to be a very strong candidate. Several of the alliances, notably in C-t-v houla, Franklin and Calca-ieu, have pro nounced in favor of a third party, and regular alliance nominations, independ ent of the democracy, but it is believed that the alliance will work inside the democratic party, and try and secure the gubernatorial nomination for an alliance man. m >|c An Alliance independent conference was held at Huron, South Dakota, a few days ago, and the question of ine reor ganization of the independent party of the state to conform with the Cincinnati platform wrs discussed and refeired to the independent central committee for settlement, which practically means that the Cincinnati platform will be adopted by the independents of the state. The organization of citizens’ alliances to work with the Knights of Labor- was reci mmended, also patronizing newspa pers that are friendly to the reform movement, and the folding of county harvest fest vals in every county iu the state this fall. * * * The Alliance Watchman (Marshall, Mo.) says: “The great need of the reform movement just at present is one or two good daily papers to send out each day uews of the good work aud meet the ly ing charges of the subsidized dai y press of the old parties. Our little band of reform papers effectually squelches them all, but a daily paper can make a charge for six dayß out of the seven, on the seventh the whole army of reform papers prove the lie, a id o.i the eighth day the subsidized dailies set afloat anew lie and keep it stirred for six more days. We need to meet them oo their own territory grOU nef , li*' nrn 1 v .voir foot of * * * Frank McGrath, president of the Far mers’ Alliance, of Kanst s, in a recent in terview stated that the people’s party would carry six of the southern states in 1892. * * * Hon. J rry Simpson and Mrs. Mary E. Lease are each bonked for an Alliance lecture at Piedmont Chautauqua, Lithia Springs. Ga , during this mouth. RICHMOND CHOSEN For the Final Resting Place of Ex-President Davis’ Remains. The New York World of Sunday pub lished a letter from Mrs. Jefferson Davis, in which she selects Richmond, Va., as the final resting place of the remains of her husband’s body. Mrs. Davis’ letter is as follows: To the Veterans and People of the Southern States: After much anxious thought, I have finally decided to give to Virginia the care of my husband’s mortal body, and feel that my reasons thou.lc’ be made public, as he was in many senses the property of the whole country. Im mediately after the death of ex-President Jefferson Davis, Louisiana pressed her desire to keep his hallowed remains for all time, but she claimed only the right to guard him until some permanent place could be selected for his rest. Georgia claimed him, and has constantly renewed the request, because his father had long been a citizen of the state. There theex nresidenthad received the same royal wel come which Alabama had extended, and lastly she pleaded her great love for him as a reason for grauting the icouest. Kentucky expressed her pride in being the place of his birth, and urged her claims. Virginia asked for his honored remains, because the most strenuous efforts of his life had been made upon her soil and in defense of Ricnmond as the capital of the confederate states. At short intervals during the past eighteen months she has renewed her tender in sistence that he should rest among the j heroic dead of all the states who fell in ' defense of the confederacy. * * * I All these claims have touched my heart, , and contended together for the mastery. | t has been bard to give up the hope of I dwelling near my husbaud’s resting place iu Mississippi, where my home and interest are. ** * I submit to the personal sacri fice with the hope that the states of the ' confederacy will also relinquish their j cherished plans for the sake of gratify ' ing the majority of the veterans, who have written countless letters to me from I each of the before mentioned states, to ■ urge Richmond as the proper place for the grave of him who loved them all. and labored for their glory with all his might ; duiing the heat and burthen of the days granted to him here. Your country wo i man. Varina Jefferson Davis. New York Hotel, July 11, 1891. WONDERFUL TALENT. “Is he a good singer?” ' “Is he? Why the other night He r-arg two minutes without stopping to breathe. I tell you, he’s great. He ought to be in a museum.” THE WIDE WORLD. GENERAL TELEGRAPHIC AND CABLE CULLING3 Of Brief Items of Interest From Various Sources. There is great destitution among the poo’ - of Germany. Ihe estate of the laic ex-Secretary Wiadorn foots up $199,700. Sunday dispatches from London say that Spurgeon is slightly better. Treasury silver offerings Monday, 1,C91,000 ouuces; purchase, 190,000, at $1,075 to SI,OBO. Fire broke out in the St. Louis hotel, in Duluth, Minn., Monday, and caused a loss of about one hundred thousand dol lars. An immense down pour of rain for th: - ee hours Saturday flooded Sioux City, la., causing an aggregate loss of SIOO,- 000. Ihe first lot of four-and-a-half per cent bonds to be continued at 2 per cent was checked off at the United States treasury department Monday. Hie Piqua. 0., rolling mill signed the scale of the Amalgamated Associations of Iron and Steel Workers Saturdav, aud the mill resumed operati~ns. The strike of journeymen painters be gan ten weeks ago in Pittsburg against the new rules laid down by master paint ers, was declared off on Saturday. Physicians iu attendance on Rev. Charles Spurgeou announce that he has a chance of recovery from the severe illness from which he has been suffering. A cablegram of Suuday, from Madrid, Spain, says: In opposition to the bank act, notices have been posted in shop windows announcing that bank notes will not be accepted. Oppenhiimer & Fisher, A. Wolf & Cos., and several hundred smaller cigar manufacturers of Chicago, have agreed to pay the advance demanded by the striking cigarmaker. . .Grand Master Workman Powderly, of the Knights of Labor, has forwarded to Governor Pattison a declinat on of his appointment as one of the world’s fair commissioners from Pennsylvania. The Bank of Spain has negotiated a loan of $10,000,000 with the Banque de Paris and the Rothschi ds. The Bank of Spain gives treasury bonds as a guaran tee for the repayment of the mouey bor rowed. The large gas of the Municipal feet high and holding 30b,00if <.udk?Tl&E of gas, exploded about midnight Tuesday night, killing two men and causing great havoc in the neighborhood. A cablegram Calcutta states that inquiry into the Manipur massacre has discovered evidence which wiWprobably decide the fate of Jubraj, consisting of an order bearing his seal and signature to kill all British subjects and Sepoys. Monday afternoon at Lyons, la., dur ing Forepaugh’s circus performance, William Ilanlon, one of the famous Han lon brothers, was, by the breaking of a trapeze bar, thrown thirty feet to the ground and instantly killed, his neck being broken. A Johnstown, Pa., dispatch of Satur day states that the sale of all the build ings, ground, stock and fixtures of the Cambria Iron company has been practi cally effected. A number of Philadel phia capitalists figured in the transaction. The property included in the sale is val ued at 112,000,000. A dispatch of Sunday from San Jose, Costa Rica, says: Reciprocity with the United States is considered necessary, and all the concessions asked for will be granted. Costa Rica will send a good exhibit to the Chicago fair, as she ex pects that the TJnited States will be the consumer of all her products. A threshing engine exploded Saturday morning at Bruceville, Indiana. Johu Fleck xvas instantly killed, having his head blown off. Dick Price’s breast was crushed in and William Coan, Herman Mulbern, Newton Baker, Charles Gibson and Gude Barr were horribly scalded. The engine was blown to fragments. A 'Washington dispatch of Saturday says: The startling revelations made at the Keystone bank invest gation in Phil adelphia, Friday, regarding Postmaster General Wanamaker’s complicity in the wrecking of the bank have created a profound sensation, and it is the prevail ing impression that Wanaker’s days in the cabinet are numbered. A Washington dispatch of Saturday says: It is said to be definitely settled now that Minister Douglass will not re turn to Hayti. Having brought back with him the reciprocity treaty with Hayti, he is said to be satisfied with his mission and ready to resign. It will probably be a long while after he retires before another minister is appointed, A Pittsburg, Pa., dispatch of Sunday says: The Baltimore and Ohio Railroad Company has just completed an ex penditure of $10,000,000 on improve ments on their through line to the west. At Pittsburg a monster freight depot has been erected, and a loop constructed at Glenwood, which will save a great deal of time in the passage of through trains. The following dispatch was received by Mrs. Jefferson Davis, at New York, from John 11. Inman, President Rich mond and D.nvllle Railroad: “Have just seen in press dispatches your letter selec’ing Richmond as the final resting place for the remains of your honored husband. Permit me to tender to you private cars aud transportation for the remains and yourself and family.” j News was received at Nanimo, B. C., j Sunday of a landslide on the b inks of I the bkena river at the Noith Pacific cau [ nery, lesultiug iu the death of one white woman aud forty Indians. Early in the morning, on July 7th, those residing near the caunery were aroused by the ava'anche on the mountain back of the cannery. Nine houses with their occu pants were swept away. Thirteen bodies have been recovered. A New York dispatch say: Walter S. Beresford, the young Englishman who is wanted in Georgia for swindling, will have to go to that state and stand -tiial < u numerous charges. After a week of court proceedings, he finaUy appeared Tuesday before Judge Cullen, in Kings county court, and that magistrate decided that he must return to the south. Beres ford was placed in the-cu-:tocly of Deputy Sheriff Dallas Turner, of Floyd county’ Georgia, Considerable surprise was occasioned Saturday in Syracuse, N. Y., by two un exp cted failures. TTard Bros. & Cos,, of Oneida, spring-bed manufactur. rs, closed their business, owing Stark & Co.’s bank, of the same place, $75,000. Monday morning R M. Bingham & Cos., of R .mc, N. Y., large manufacturers of carriages, sleigh*, saddlery and trunks, closed then place, they say for an inventory. They owe the bank $71,500. During the day the bank at Oiieida closed its doors. BILINE >S REVIEW. Dun & Co’s Report for the Past Week. I'u-ines failures occurring throughout the country during the last seven days, as r, -'j oiled to It. G. Dun & Co.’s mercantile igency by telegraph, number for the Uu t and States 222, aud for Canada 25, mpured with a total of 237 last week. For toe corresponding week of last year ■ho figures weie 197. Dun’s trade review says: “1 he in u ual .const rvatism which prevails in nearly nil sections and bra- dies of : u : ness impresses many as a most dislie. it ning symptom. But it max’, \v. th at leait equal reason, be inter im t( and as the very b st ground for confi dence in healthy and solid improvement W ; eu new and large crops come forward more freely. The absence ol speeu'ative ixcilement taid iudispo ition to buy in i nstc, aie having a most wholesome in fluence. Crop reports have never been more full •ban tiny are this year, and they grow more charly satisfactory as to spring wheat cveiy day, improving also as to otlur gra n and cotton. Wheat has da eliued 2 cents dur ng the past week, not withstanding exports were fully as large a3 a year ago, but immediate demand for fi fft' ih’e' TjfffiGli A.gAe.pf 11 cents, and moderate, and of cotton only 190,000 bales without ihe change in prices. 'I he markit for sugar has been w aker, but grows s eady, and refiuetl is in better de mand. The Louisiana crop is expected lo be the largest since 1800, hi untyappli cations being for 450.000,000 pounds. Hie general course of prices has changed out little during the past week. Reports fioin the* cities show general duliueis in trade at the south. The mid summer closing of iion work almost sus pends trade, but while the best brands of pig are well taken, others are hard to sell and Alabama No. 1 has been offered at $lO. No activity is noted in rails, and not much in manufactured iron, aid it is thought that the early re sumption by the works will cause a de cline in prices. At southern points the money markets are close, as a rule, though only firm and in fair supply at New Orleans. A SENSATION CREATED By Disclosures Regarding the Keytsone Bank Affairs. A Philadelphia and spatch says: The subcommittee of the financial commifce of the city councils that is inquiring into the failure of the Keystone National bank and scandal connected with the affairs of ex t ity Treasurer John Bardsley held a protracted se sion Friday afternoon. The main xvitnesses acre Robert M. McWade, city editor, and xVilliam V. McKean, edi tor in chief of the Public ledger, and Post master General Wanamaker. The testi mony of McWade and McKean had re ference to two statements obtained by the former from Bardsley on June 18th and 19th, four days before the aocultd city treasurer made his public statement in court when brought up for sentence. Mr. Wanamaker, after denying em phatically the statement made by Baidsley to McWade, which reflect ed rather severely on his (Wanamaker’s) ac ions in connection with the Key stone bank’s troubles, explained fully his connection w ith the 2,625 shares of Keystone bank stock, which the stubs of the certificate book shoxved had been issued in Wanamaker’s name. After a tilt iu the committee over the hearing in public of the interviews which McWade held xvith Bardsley, the opposition to publicity holding that if their contents were of such a scurrilous and unsup ported character that the editors of the Ledger would hot publish them, it was voted to have the interviexvs read. A BIG MOVE. The Terminal Company Selects Atlanta as Headquarters. A rrangements have been made for the removal of the offices of the West Point Terminal system from Washington, D. C., to Atlanta, Ga. General Manager Green, Jam's L. TavUr, the general pas senger agent; SoMlan?, the traffic man ager, and J. W. Hall, tieasnrer, and all the officers engaged at headquarters un der these men in every department of the Termiual system will be transferred to Atlanta. THROUGH DIXIE. NEWS OF THE SOUTH BRIEFLY PARAGRAPHED . Forming- an Epitome of Daily Happenings Here and There. A disease among the cattle, supposed to be Texas fever, has broken out at Independence, Ky., and is creating alarm. A Minneapolis syndicate has purchased the Pine Mountain Coal and Iron Compa ny, at Pineville, Ky. The price paid was $1,300,000. A Raleigh dispatch of Saturday says: Grand Sire Busbee, of the Odd Fellows, is improving, and hopes of his recovery are entertained. The contract for the iron work on the Charleston. 8. C.. public building has been awarded to J. J. Harrington, of Washington, D. C., at his bid of $50,490. The twentieth annual meeting of the South Carolina State Teachers’ Associa- tion will be held at Anderson, S. C., the 22d, 23d and 24th instants. The railroads have offered reduced rates. Louis Booker, charged with the em bezzlement of funds belonging to the Hannewickel estate, in Richmond, pleaded guilty and was sentenced to three years in the penitentiary Monday. General Thomas Harrison, of Waco, Texas, died Tuesday. He took a promi nent part in the politics of Texas up to 1872, since which time he has devoted himself to his law practice. He was born in Alabama in 1823. A telegram of Friday, from Birming ham, says: Bishop Jackson, the newly elected assistant bishop of Alabama, has at last decided to fix his Episcopal resi dence in Montgomery. A lively contest for the honor of Lis residence was waged between Birmingham, Anniston and Montgomery. A telegram was received at Jackson> Tenn., Tuesday, from Medina, twenty miles north, saying that Marsh, the de faulting president of the Philadelphia Keystone bank, was hiding near there. Three policemen, armed with Winchest ers, left for the scene and have not as yet returned. A Louisville dispatch says: The peo ple’s party is making great efforts to secure a good showing at the August election in Kentucky. An organization was perfected at Newport, Tuesday, and candidates nominated, and Senator Peffer made his first speech in the state at Shelbyville. A San Diego, Cal., dispatch says: appears that tne it will remain under arrest much longer than was expected. Judge Ross signi fied a willingness to release the vessel on bonds, but it is stated the bonds will be so high that the vessel may not be able to give them. A syndicate of Boston capitalists has bought MoutViile Springs, the noted re sort in Blount county, Ky., including the i ntire property of 5,000 acres. The price is understood ta be $50,000. The syn ■l* . -it i?■- _ .. -i J / -xr.-m UlCUt* Will UUll<4 l ltllllUlLU il dill HA.CVJUCC, on the Knoxville Southern, to the springs, in order to develop their ow r n property, upon which, it is estimated by the engineers, there are 10,000,000 tons of red and brown ores. A Jacksonville dispatch of Friday says: The Lake City bank failure at Like City, Fla., is more serious than was supposed, and the general impression is that it is a complete wreck, though the president saya he will pay out. There are many more depositors than was supposed. The best business men are badly hit. The county funds are said to be secured. There is still no definite statement of lia bilities. Individual and firm losses range from five thousand to a few dollars. ANOTHER BANK FAILS. Falls City Bank, of Louisville, Goes Under. The Falls City bank, of Louisville, Ky., established in 1865, went to the wall Friday morning, making an assign ment to the Mechanic Trust company and closed its doors. Liabilities, $431,- 000, of which $223,900 is due the clear ing bouse, and deposits are $191,700. Assets (nominal), $1,223,000. From the beginning of the financial panic last year the bank has carried along by the clear ing house, being on the ragged edge all the time. It has been known for several days that it was only a matter of time before the bank would have to go. The depositors will be paid in full, and the stockholders will get possibly 35 cents on the dollar. The capital stock is $300,- 000. The bankers regard the failure as an excellent one, as the creditors were netting readv to bring attachments. SEVEN PASSENGERS DEAD. A Frightful Accident—Scalded by Escaping Steam. A horrible railroad accident occurred at Aspen Junction, eighteen miles west of Aspen, Col., on the Midland road, at 11 o’clock Saturday night. A special tram, a baggage car and one passenger coach was returning to Aspen from Glenwood Springs. The passenger coach contained about thirty passengers, mostly Aspen people. The train was backing from the water tank to switch to the Aspen track, when the road engine was run out of the railroad round house, and the rear end of the passenger train hit the check x r alve on the side of the boiler, which exhausted the hot steam into the broken end of the passenger car, scalding thirteen passengers—five men, seven women and one child. Of this number seven are dead. NO. 12.