Logansport Pharos-Tribune from Logansport, Indiana on January 29, 1895 · Page 1
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Logansport Pharos-Tribune from Logansport, Indiana · Page 1

Logansport, Indiana
Issue Date:
Tuesday, January 29, 1895
Page 1
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She aihj VOL XX, LOGANSPORT, INDIANA TUESDAY MORNING, JANUARY -29, 1S95. NO- 25. acl Year SPRING » ANNOUNCEMENT. Wn find an earlier demand is this year to display the line as early These Lines of Goods Controlled by us in Logansport. made for WflStt GOOD Sand we have used our best efforts as tbo demand. In announcing the opening of oar Wash Fabrics for 1895, we bog to oail particular attention to the fact that we have prepared for the wants of all classes of tradd and can confidently claim to show not only, by far, the most extensive but also the most varied and most reliable stock to be found in these parts. Our assortment is practically limitless in extent, included both Foreign and Domestic high class Novel- ti°s not to be found elsewhere and also a complete Hue of tbo best known and Spring and Summer '95. most desirable staple fabrics. Special care has boon used to select goods that will give satisfaction as to permanency of color; all shadws and tints in evon the d-iiotleac fabrics as fast in color as it is possible to be made by the leading Manufacturers in this country and abroad. Tomorrow morning we open for your inspection the following leading brands which our ttuyer asduros us are the most reliable brands on the market, as well as the most stylish and desirable goods. Controlled by us in Logansport: Fine Juvenille Zephyrs Fancy Crepons Black Taffet Moire Fine Scotch Zephyrs, 32 IN. Dresden Dimities Dresden Swisses Alesbury Woven Ducks. Princess Duck Koechlin's French Satins Jwadriga Satines AVORITE AB1UU3 OK. ANCY WAISTS. Hooden Satines McMonnies Satines Toile Du Nords Cort Roal Piques Percaline Francaise Sea Island Shirtings Fancy Jacquait Lyons Trilby Plisse Swivel Silks Batiste Royale AVORITE ABK1CS OR ANCY DRESSES. There is a round reduotton of 25 PERCENT on a 1 ! present prices in comparison with last tprlng'8 prices. Couie early aud get first choice. This line o( Wash Goods is the finest that wefaavo This means much. It will be our pleasure if you will inspect the display. Th 409-411 Broadway, 'O4- -Ol« Spring Curry Comb Soft as a Brush- Pits ^vcry Curve. fh» Will Die From Vaccination. i, 0.. Jan. 28.—Th e 6-year- old daughter of William Fanning-, of South Yellow Springs street, has "for As» maou-oruhenana»». «nd Leading Horsemen of toe WorvL tt Sample mailed post paid tJfK130 CUKBI COM CO- fbi In Begining a Journey we should see that we begin right by going to the right place to bay our goods and this is the rigbt way to bagin the New Year. We expect to remain at the old stand and will be pleased to see yon during this year. We always have a large line of Diamonds,Watches Clocks, Jewelry, Silverware, Fine China etc. at 410 Broadway. P. 8,—We thank you] for your liberal patronage before Christmas. D. A HAUK, The Jeweler and Optician. 410 Broadway. from the effects of vaccination, past few weeks the malady has left her eyes and has settled in her lungs and she will die. Her eyesight has returned. Want Altceld Tor President. ST. Lours, Jan. 23.—The statement is made by one of the most prominent labor leaders in the Dnited States that the position of president of the Universal Labor union, which is now in process of organization, would be tendered to Gov. John P. Altg-eld, of Illinois, within the next few weeJcs. Set the Flint Mormon Bible. PALMYRA, N. Y., Jan. 2S.~ Maj. John Silbert died here, aged 98 rears. Maj. Silbert was known from one end of the United States to the other as the man who set -up and corrected the proofs of the first Mormon Bible. MOBE BONDS. Favored in a Special Message to Congress by President Cleveland. Long Term Bonds, DrawingThree Per Cant, Should Be Issued to Cover All Reserve Demands. WASHINGTO.V, Jan. 28.—The president sent to both houses of congress Monday a message on the financial situation, substantially withdrawing his support from the plan outlined in the Carlisle bill, and outlining- the only policy which seems to him now possible to maintain the gold reserve. Following is the main portion of the message: TIKI Mf!fMll£<>. In thoopenlng of the message the president refers to bis recommendations on the currency question to congress in his nnuual message and their unfiivoriiblo reception, the changed con- "ition of affairs and tho present ex- coscernins. tno .extent to which silver ouijbt to be ooined or/used in our currency should interfere 1 with the counsel* of those whose duty it Is to.-rectify cvlJs cow apparent IB our llnaii'cial situation. They have to consider the Question of national credit And tho consequences that will, follow from iu collapse. While I am not unfriendly to silver and while I desire toj>ee it recognized to such an extent as Is consistent with. tinancUl safety and the preservation of national honor and credit, I am not willing to sec gold entirely banished from our currency and finances. To avert such a consequence 1 believe thorough and radical remedial legislation should be promptly passed. I therefore beg the congress to give the subject Immediate attention, • • ': . -,- tVwnts More Bnnda Isnued. In my opinion the secretary of the treasury ihould be authorised to issue bonds of the utuinttuhliig a sufficient gold reserve and the redemption and cancellation of the United States legal-tender notes and the treasury notes issued for the purchase of silver under the Inwof July H, 1800 relieved from the humiliating process of issii Inc bonds to procure gold to be Immediately and repouu'diy dnnvn out ou theso obligations for purposes not related to the beaollt of our govrnimcni or our peoplo. The principal and luterest of these bonds should be payable on their faro in sold, bn WITHIN OUfi BORDERS. Telegrams from Towns and in Indiana. Istcnco of an emergency which de- I cause tliay should bu sold ouly for sold or It representative, and because tlic.-a woul now prouiibly bo dlfllcuKy in favorably dis posing of bonds not containing this stipulation IsuKWst tliat tho bonds bo Issued in denom Inuiions of JiOanrt J50 and tholr multiples, am thnt they bonr Interest nt :i rate not exceeding 8 per cent, per annual. J'liyablc In Fifty I do not see why .they should not bo pay- ublo fifty years from their dates. Wo of the present melioration havo larue amounts to pay If we meet our obligations and lone bonds aro most sulablo. The secretary o] tin 1 treasury might well bo permitted at his discretion to receive on tlie salo of bouds tho lejrul tender anil treasury notes to be retired mid of course when they are thus retired or redeemed In gold they should bo canceled. These bonds, under existing luws. could - bo deposited by national banks as security for circulation, and such banks should bo allowed to Issue circul.-itlon up to the face value of these or any other bonds so deposited, except bonds outstanding bearing only 2 per cent. Interest, nnd which sell In the maritet at less than par. National b;inlts should not be allowed to take out circulating notes of a less denomination than $10, and when such as nru now outstanding reach tho treasury, except for redemption anil retirement, they should bo canceled and notes or the denomination O f $10 nnd upward issued In their siead. Silver ccr- tillciites of the denomination of «!0 aud up- wan', should bo replaced by certificates of denominations under $10. As a constant meany for tho maintenance of a reasonable supply of gold In tho treasury our duties on Imports should be p.ildlngold, allowing all other duos to the government to be paid in any other form of money. Cl'ltes Adoption of tb* 1'lnn. I believe all the provisions I have suggested should bo embodied in our laws If we are to onjoy a complete reinstatement of a sound financial condition. Taoy need not Interfere with any ourrenoy scheme providing for :he Increase of the circulating- medium through the airenny of national or state banks since they oan easily bo adjusted to such a soheme^Objootlon has been wado to tho Issuance of Interest-baring obligations for the purpose of-retiring the noa-interest-bearlng egul-tender notes. In-polnt of fact, however, these notes have mrdened us with a large load of Interest and t is still accumulating. The segregate In- erest on tne original issue of bonds, the >rooeeds of whloh in gold constituted tht reserve for the payment of. those notes. O*lm* the Insomnia Uric. ANDERSON, Ind., Jan. C8.—Mrs. Joseph Studebakcr, of this city, ha| passed her one hundred and third daj in a sleepless spell, during- which tioM Bhe has received no nourishment oth«i than a little wine now and then. Sh*. lay for three mouths without taking any heed of what w:^ giving on about her. She took a decided change for the worse Monday, and is now in a sadly demented condition without any hopes of recovery. David Jones a wealthy and wcU> ; .'* known farmer living north of this < We should bo j passed liis 127th day in a like cose, A the exception that he has been a! take nourishment regularly and is : to be up nnd around attending to 1 business, lioth cases are duo to ag. gravatcd conditions of nervous prostnt*- tion. manded prompt legislative action 'to restore comldeuco In our ilnancial soundness and avert business disaster and universal distress umori}, r our people, lie states liis conviction that additional or different legislation from that recommended in his annual message is now demanded. The progress of a people whoso Internal resources nro so limited and energies so vigorousshouldnot,bo checked by "a false Unanchil policy and heedless disregard of sound monetary la,ws." The president then emphasi/.es the duty of our lawmakers, ''untrammelled by the prejudice of partisanship," to "sincerely attempt to relieve the situation." JUitii to Luck of Confidence. The real trouble which confronts us consists In a lack of confidence widespread and con tilaruiy Increasing In the continuing ability o: disposition o the government to pay Its ob JlfutioQS In gold. This lack of contldeuce grows to sonic extent out of the palpable and apparent embarrassment attending the efforts of the £overninent under existing laws to procure gold and to a greater extent out o: tbu impossibility of either keeping it in the treasury or canceling obligations by its expenditure after it is obtained. The only way left opua to tho government for procuring gold is by tho issue and salo of bonds. The only bonds- that can be issued wore authorized nearly twenty-five years ago and are not well calculated to meet our present needy. Among other dig- advantages, they are made payable In coin inste.id or specillcally In gold, which, In eilstlng conditions, detracts largely and In an increasing ratio from their desirability as investments. It is by no means certain that bonds of this doscrlptloncan much longer be disposed of at a price creditable to the financial character of our government. A Mottt Duufferoua Feature. Tho most dangerous and Irritating feature of the situation, however, remains to be mentioned. It Is found in tho m?nn.s Dy which the treasury is despoiled or the gold thus obtained without canceling a single government obligation and solely for the benefit of those who flnd profit in shipping It abroad or whose fears induce them to hoard It at tome. Wo have outstanding about $3!>J.O<X).000 of currency notes of the government, for *h!ch gold ra»7 be demanded, and curiously enough the law require* that when presented and. in fact, redeemed and paid in gold they •hall bo reissued. Thus the same notes may do duty many times in drawing gold from the treasury, nor can the process be arrested as long as private parties profit or otherwise see an advantage In repeating the operation. lixdeomed Hut Nut Retired, More than $300,000.003 in these notes have already been redeemed In gold and notwithstanding such redemption they are all Btlll outstanding. Since tho 17th day of January, ISM, our bonded Interest-bearing; debt has been Increased SiOO.OOO.OOo for the por- pose of obtaining gold, to replenish our coin reserve. Two issues were made, amounting to 850,000,003 each—one In January and tho other in November. As a result of the first Issue there was realized something more than 168.000,000 in gold. Between that Issue and tho •uCL-eoding 0:10 in November, comprising a period of about ten months, nearly 4103.000,000 In gold was drawn from tho treasury. This made the second Issue necessary, and upon that more than £56,000 030 In gold waa aguln realized. Between the date of thU second issue and tho present time, cover- Ing a period of only about two months, more than $60.000,000 In gold baa been drawn from tho treasury These large sums of gold were expended without any cancellation of government obligations or in any permanent way boncflting people or Improving our pecuniary situation. The Hnnnctal events of tho last year suggest facts and conditions which should certainly arrest attention. More than $172,OoO,003in gold has been drawn ou» of the treasury during the year for the purpose of shipping abroad or hoarding at home. While nearly 8103,000.000 of the same was drown out during the first ten months of the year, Kouml ttio Murderer IUKHIIV. KOKOSIO, hid., Jan. 23.—Tho ITorac* Loomis murder trinl has come to an end. Loomis was accused of assassinating his cousin, James Gregory,-on the night, of Au-ust 31, 1SU4, while, the lat> tor was nt the sick bed of the prisoner'* aged mother administering a dose oj medicine. After the shooting Loomil fled, leaving the sick woman alone with • the corpse all night. Loomis claimed thnt Gregory was getting his mother'* property and was ut the time of tht shooting giving her a dose of poison. Insanity was urged iu defense. Th* jury found him insane. Mrs. Gooiluke Acquitted. L.v PORTE, Ind., Jan. 23.—JIrs, Got- deke, formerly Miss Georgia Cl:irlr,j». famous songstress, has been released from a French prison at Uernais,wher* she was in confinement for arson. A cablegram received at South licnd, where Mrs. Goedeke hits a brother who las been untiring in his labors to secure her release, brings the intelli- ence of her acquittal. It is now announced that Mrs, Goedeke, who wai <HO\VTI in musical circles as Indiana'! queen of song, will return to America her husband. mounted to IVO.SSS.JM on January 1, 18»5, and the annual charge for Interest on these bonds uary 1,1895. Disappearance Accouatml For. FORT WAYNE, Ind., Jan. 28.—Twenty; five years ago John Cortrey, a prosper; us and well known Fort Wayno citl- en, suddenly disappeared. He had been employed by the Wabash railroad, and no motive could be attributed fojf his unaccountable absence. Recently tho mystery was solved by the receipt of a letter by C. L. Schrader. of Broadway, stating that Cortrey had just died at Pilot Point, Tex., of pneumonia, and had been buried by the county. Hi* family are still living in Fort Waynej Counterfeiter* Loeatod. KOKOMO, Ind., Jan. 28. — Th« worst gang of counterfeiters and green> men ever iu this part of the state located here Saturday. One, Ed • ry 1,1895. . While the cancellation of those notes would ' Johnson, was captured and" two not relievo us from the obligations already Incurred on their ncoount, these figures are given by way of -suggesting that their existence has not boen free from interest charges and that the longer they are outstanding. Judging from the experience of tho last year, the more expensive they will become. In conclusion. I desire to frankly confess my reluctance to Issuing more bonds In present circumstance* and with no better results than.have lately followed that course. I cannot, however, refrain from adding to an assurance of my anxiety to cooperate with the present congress in any reasonable measure of relief an expression of my determination, to leave nothing undone which furnishes a hope of improving tho situation or chocking a suspicion of our disinclination or Inability to meet with the strictest honor every national obligation. QROVEH CI.EVELABTX The Executive Mansion. January £S, 18»S. FRENCH PRESIDENTS nized as Ed Milroy and Frank Cook, all of Frankfort, fled. The officers ar« hot on the trail of the gang and their capture is almost certain. Kokomo, Tipton and Frankfort people have been, victimized out of several thousand dollars in the last four mouths. sum aggregating more than two-thirds of that amount, being about 169,000,000, was drawn out | Curing the following two months, thus indicating a marked acceleration of the depleting process with the lapse of time. Simple Frocntl of Looting. The obligations upon which this gold has I been drawn from the treasury are still outstanding and are available for use In repeat Ing the exhausting operation with shorte Intervals as our perplexities accumulate. Two more bodies of negroes, supposed •o have been drowned in the wreck of he steamer State of Missouri, hart be«n recovered near Wolf Creek, Ky. to make the .bonds which may be issued to replenish our gold less useful for that purpose. An adequate gold reserve Is In all circumstances absolutely essential to the upholding of our public credit and to the maintenance of our high national character. Our gold reserve has agiUn reached such a stage of diminution as to require its speedy reinforcement. The aggravations that must inevitably follow present conditions and method-s will certaicly lead to misfortune and loss not only to our national credit and prosperity and., to financial enterprise, but to those of our people who seek employment as a means of livelihood and to those whose only capital U th«ir dally labor. It will hardly do to say that a simple Increase of revenue will cure onr troubles. I The apprehension now existing and constantly increasing as to our Unanclil ability ! does not rest upon a calculation of our rev- I enue. The time has passed when the eyes of investors abroad and our people at home [ were flxed upon tie revenues of the government. Changed conditions aave attracted their attention to the gold of the government. Ihcre need be DO fear that we cannot pay our current expenses with such money as we have. A SUp at the Sllter Men. Then) U now In tho treasury a comfortable •urplm of more than m.00/,000. but It Is not gold and therefor* does not meet our difficulty. I cannot tet that dWertnees of prtafoa I A«ad to 111* Senate Had Chamber of Depu; ties by Mis pfficen. PAKIB, Jan. 88. — President Faure's message was read in the senate and chamber of deputies Monday, in the former body by M. Trarieux, the new minister of justice, and in the chamber by Premier Ribot. The president says: "By raising me to the first office of the re- I public, this notional asxmbly chose for this j high function one of the humblest servants of the country. I should Imperfectly express tha profound gratitude which 1 feel if J did not attribute my entire honor to the laborious democracy, to which I belong." The president proceeded to declare that he will always endeavor to maintain order and unite alJ of the people for the good of the country, being animated by that love for peace through which France Is acquiring the sympathies of the world- The message concludes with an allusion to the exposition to be held in 1900. M. Goblet's order of the day, asking the government for precise declaration in regard to its general policy, which was a test of the strength of the Rfbot government, was taken up and defeated by a vote of 3i3 to 79. Admiral Itesnard has accepted the portfolio of minister of marine. The chamber of deputies passed the amnesty bUl by a rote, ; of -Mfl' to .7.: '^. Early Convention Wanted. sy Jan. 28—Some prominent republicans are of the opinion ;hat the' republican national conren- ion next year should be called early. Joseph H. Ma'oley, of the national committee, is quoted as nying that he had Informally conferred with most of the members of . the national committee, and he had found them in favor of calling the conrention as early as Mar, To Make Cp for Overdue INDIANAPOLIS, Ind., Jan. 28.—At th« death of Banker W. P. Gallup, one year ago, it developed ho had over £200.000 In bonds which had not been returned to the assessor for thirteen years. The case has been in dispute ever since, and now the county auditor bas put on tha tax duplicate the sum of $2,i*26,110 total taxables chargeable to W. P. Gallap, and not heretofore taxed duriny thirteen years. The total taxes due to 861,233, Mnlcta ITer iH-rorced Husband. INDIANAPOUS, Ind., Jan. 28.—MM, Madeleine Boyle has been awarded judgment for *a,500 against Georg« Borekliug, a prominent real estate dealer and her divorced husband, for breach of promise. She claimed thftt he came to her house one night in his nightclothcs and promised to marry her again. A tfurrlit;* Annulled. VXLPABAISO, Ind., Jan. 28.-^Judgw Gillett has set aside the marriage of Dr. Dillon, a traveling physician, and Emma Dillinger, aged 16. The yonna; • woman claimed that Dillon drugged her, compelled her to marry him. and ' then deserted her in less than a week. Died of bmalipox, MICHIGAN CITT, Ind.. Jan. 28.—Alexander Cook, a sailor of this city who was taken sick a week ago with small- ' pox, died in the pesthouse. Although, many people were exposed during tho early stages of Cook's illness, no new- cases have developed. t. Turn About 1* Fair Piay. i VALPARAISO. Ind., Jan. 33.—Marshal Carlson, of Hobart, arrested half »' dozen boys for snowballing and they/ were fined by a justice of the peace., The boys had the officer arrested and; the same jnstic« fined him one and costs. EH*<1 of Apoplexy. VALPARAISO, Ind., Jan. 28.—Mr*. B*r-V tholomew, wife of Stephen L. Bartbol-i omew, died suddenly here of apoplexy,! aged 70 years. Mrs. Bartholomew wwl, one of the first white children bora ial . La Forte county. ••'.' m~;

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