Logansport Pharos-Tribune from Logansport, Indiana • Page 1

VOL. xvm. LOGANSPORT, INDIANA, THURSDAY MORNING, OCTOBER 19, 1893.: NO. 245. MR.

ALTMAN and MR. PRINCE. Both from New York, the former the well known Children's and Misses' Cloak Manufacturer, tne latter a manufacturer of Ladies' Cloaks of the highest standard and latest degree of Fashion, will both exhibit and take orders by special measurements on Tojnorroi and Saturday of This Week, At the Bee Hive's CLOAK PARLORS, 315 Fourth WILER WISE, YOU CAN SAVE Enough money to have a bank boot or start "a gold" of your own own if you will heed our advice. We can save, money on. watcheB, clocks, jewelry, silverware- and Elgin gold filled watches, Elgin watches in silverine cases, $5, warranted.

I'have a lew. left of the fifteen jewe American watches, at $6 warranted. my City of Bridges spoon. See the V. C.

best watoh made. Starlight Silver Polish. Diamonds mounted to years experience. D. A HAUK, Jeweler ana Optician.

410 Broadway. IF IN NEED Get your Letter Heads, Bill Heads, Statements, Envelopes and everything you need in the printing line at the JOURNAL OFFICE J.K. JOhiOON, President, A. L. POHUE, H.

J. HEITB1HNX, Cagliler State National Bank, LOGANSPOBT, IND. GfVPITflL S2OO.OOO BUY AND SELL GOVERNMENT BONDS. Loan Money on Personal kuiity and Collateral! Issue speciaJ Certificates Deposit bearing 3 per cenl when left for one year; 2 per cent per annum wheis deposited 6 months, Boxes in. Safety Deposit Vault? of this Bank for the deposit of Deeds, Insurance Policies, Mortgages and valuables.

at from $5 to $5 per year. BANKERS MEET. Their Annual Convention in Session at Chicago, Between 200 and 300 Delegates Report of the Executive Committee. MEN OF FINANCE. Oct.

Between 200 and, 300 of the best-known bankers in thei countrv, representing nearly every city; in the United States, gathered in lialV the Art palace at 10 a. m. The oc-. casion of. notable gathering was the nineteenth.

annual convention of the American 'Bankers' association. KxclteH nlnch. Interest. Probably no assemblage that has gathered in the Art palace during this year of memorable congresses has aroused more interest 01 attracted more ttention While among the delegate-, there were comparatively few whose names have na-. tional vogue, the that those men -wore tae peop "the purse strings of the country, and in a large measure controlled 1 its finances, gave them an interest entirely lacking even in conventions made up of men whose names are a pa'r't of everyday conversation the country 'over.

SsupCQstions in Fmanre. President Rhawn called the meeting order at. .10. Eev. Hiram Thomas i.nvQcatipn,...ind.

then President Rhawn introduced Jfayor Harrison, whose part on, the. pro- irrd.mme was to deliver the. address of I J. welcome President Rhawn briefly responded to the mayor's address of welcome and then read thu rep'ort, of, the executive council This 'paper was largely Statistical and set out considerable figures and information of irnportance. The report, referred to the extraordinary circumstances under which the members of the association assembled, an the tirst time, since Its.

foundation at Saratoga 'In' 1875 "aha its "final organization In beeri found to postpone a duly culled convention or the association. Immediately" time pointed Tor our meeting the ooimtry was in the. tnroea or a financial convulslon.of wider extent and greater severity tban bad befallen It in twenty years. It eve- wnlc.li ft is rlported, ia- volv'ed over 700 banks In suspension or Hh liabilities of morethan Undeij these considered wlbe to postpone the meeting to Silver. Lefflslntlon.

The report congratulates the delegates present upon the success with which the anxieties and sufferings of- the recent monetary stringency had been met.and the pleasant prospect now beforethem. Referring to the cause of the stringency the repoi declares that it directly duunto the silver purchase of ithe and Sherman acts. action, of these provisions, it was said, destroyed confidence in Europe in the stability of our i nrrency, stopped the flow of money into the United States, led to withdrawal of-a large portion of foreign capital invested, here, caused a lack of confidence among- the population generally, induced the hoarding of gold and currency' and thus caused a Crippling 'of industrial world The report declared th at state note issues for money are neither s-afe nor desirable. It was suggested as a plan of- relief the of the suspension in currency by solvent banks during a note stringency or crisis aud the authorisation of through clearmg houses and transfers of b'ank and the repeal of tHe purchase clause of the bher- inan silver act for wlnc-h petitions should be cuculated iinoug biiM itjporf of President Cleveland his attitude on the silit'r questicui Coniptrolltsr When routine ma.ttt.*ib h.ul disposed of Hon. James bl uoirip- 1 trollei of tlie t-urrency, appeared to make one ofrthe principal esses of themoinmg Corapti oiler KclteU ipoke in part as follows 1 It is no ex isgerallon' to sav that tne happenings of the month-, pait.

from Miy 10 Sepleinber, must be die most ic- markabie In every phaae of financial bearing ever experienced by the Heretofore in our finantfal disiressbs the test or solvency tiaa always been applied" to store artfl-fattory, 1 to Rreat Indus trlil enterprises and corporations' but- within or these -months affrighted people, fearful or ihe resultant ellecis of a flnahcfal system by illj advised and 111 considered legislation, became "for llrst time doubtrul of the distinctively financial Institutions country the banks, aud as a consequence a awady drun upon was bog-tin until within the riodof months from May lo July from national banks alone had been drawn oun more than $193,000,003. "To day so greatly has the situation changed that," havlnz 1n mind- ths past, both la the se verity of the strain undergone and the long con' tinuance o'lt, It would be In. the liithtof present conditions both urffair and unjust to deny that the bankers of this country exhibited masterful skill In lopfnn with a situation dered complex bevoml anything heretofore known Jl boastlnefaf this new evidence of the abimy of our people to withstand the of financial ailments. It not ddMd count too much upod the made toward recovery and the recuperative, powers shown Complete return to financial health cannotJue' had so long as the first great cause which covered all tfie Und with doubt and uncertainty and filled the people's minds with fear as the stability of our financial Institu- classes." for sig-na-tui contained a warm tions yet remains to 1 plague tneiiiica vt uutti ness. "Until our currency takes, on a uniformity and elasticity that now are wholly lacking, and our people are rid of the pernicious doctrine that money which Is cheap and plenty is a blessing and Source of rtCaHh Instead of a curse and cause or financial panic and Aye.

but ex- poet at staled periods a recurrence or condl Uons suoh as have T.CHSODH of--the Times. "The bankers of the country ouqhv to rather some lessons from Itall. "I am sure some were mot as-strong to withstand the- drafts made upon them as they would have-been had they kept in mind in times of the necessity of so banliing as to' be prepared for time of tlianclal stringency CorrpetHlin -for business is carried to the danger point many and the desire secure a large business has led to the taking o' risks not cons stent with prudent iiethodp. Not less a source; of weakness has been the fact, that to too'large ex- unit has- been carried- lhe piper of tl.ose engaged in purely speculative enterprises, the value "of; which is at tho best largely fictitious arid In times of. RTCa't depression is worthless, and when to this -is coupled the further fact lhat there Is too little tendency on.the part of, b'tinks' to dlstrlb- ute tlic-ir loans and desire to place them with large corporations, the reason is not wanting Cor many suspensions aud not a feiv failures It Ifl'a source of constant- Qoraplaint on: the of the national ban.Ks that it is unreasonable to hamper them byjlmitiiig their loans to 10 per cent of the b.t their.capital stock, but the events of, the, pas-t; months have demonstrated' the wisdom, of that provision, and made more strong the belief-that a more strict 'adherence to It would make! the banks weaker by 11 nanclal panic.

"In conclusion, Mr. President let me say that the greatest safeguard to the banking interests must always rest wisdom, the high character, absolute. Integrity of those who manage and conduct these Other "A Piaetical Plan of Banking and -Curiency" was a subject tieated in a very able manner by Mr. George A. of New Baven, Conn.

Allen RipTcy Foote, of Washington, made a stronpr plea for a sound currency and banking system. William C. Cornwell, president of the City banlt of Buffalo, read a pappr on reform of the He-declared that the pur- 'chase of silver must be stopped in order to bring it Plan George's. Coe, president of the American e-xohange bank, of New York, was introduced by the chairman as one of the 'fathers of Ihe association Mr. rCoe prefaced his remarks by reading a set of resolutions for the creation of committees composed of one -member from each state and one frQm the District of Columbia to the organization of a national Oftst' commission to represent the diverse interests of the people whose will be the adoption of a sound currency 'and b.mking system.

Pend' ing the adoption of a plan by the commission congress' is asked to hold in abeyance all projects for the amendment of; existing currency laws, excepting the repeal of the purchasing clause the Sherman silver "bill UP. DernutiNtrutioiitf X.ead to it European "VVftr. PATZIS, Oct French newspapers publish long comments upon the sympathy expressed tfy the Russians at the death of Marshal MacMahon and seem- greatly i pleased at it The czar's of thanks to President Carnot for the extended to the Russian sailors at Toulon and also in, Paris has also greatly pleased Sie'people of this and other cities of France, and it may tie said that France and Frenchmen feel more confident to-day in the stability of the republic a'nd' in the strength of their army and navy than for twenty years. It will thus be seen that the visit of the Russians to France has had a decidedly bracing effect upon France, but it open question whether this will not precipitate the long-expected European wai. France is herself touchy, extra-sensitive France, chivalrous to a very high degree, proud of her array and, navy, strong in her likes and dislikes, quick to resent an injury, whether real-or fancied Thus France is more dangerous to the peace-of Europe than she was a week ago TOOK HIS OWN LIFE.

The Man 'Who "Lashed." Farragut to the Mast Shnots Himself. VALMTO, Oct. John Neil, a seaman in the Unued States navy serving on board the receiving ship Independence, Mare Island navy yard, committed suicide Tuesday morning by sbooUng in the The deceased was reprimanded Tuesday morning for having overstayed leave of absence, and was punished restriction for a. period of sixty days. Neil received his punish- 1 ment he was seen to go below into the bagroom, where he was later ballet wound in his right temple" re iTbo cleoeaied was a man of unusual distinction liavjng.recelved medil honors from congress for bravery and meritorious conduct.

NatlliulisteiJIiiilia'niivsrt-taUSSl, served -with Farragut Mobile "bjij, and lashed the Immortal adminl In tho rlgBlng cf the Hartford while by his side throughout tha llKnt, Sincoithe waraffiUJjas served continuously in ancllvvas one the survivors of the Tren.ton, which- went down in Apla harbory and received Reneral mention for brivery in from the Van- aaliav.whlch in the same "Burned at Munkato, nan MAXKJVIO, early Tuesday the best blocki -here, causing a total loss of $50,000, with comparatively no KILLED BY Sad Fate of Three "Visitors to the' Worl'd's Fair. They Appear to Have Blown Out the' Gas, and All Are Foun.d/;Dead in Their Beds. ASPHYXIATUD. CHICAGO, Oct. Sterublock; his son, aged 14 years, and his £rother, a young man of 21, were aspnyxiated gas at the Raiber hotel at second street and Stony Island avenue Tuesday night.

The two came 1 from Hampden, 0., to see the world's fair. They arrived at the. hotel Tuesday evening and a room on the second flour. As they appeared to be inexperienced, the, method of operating the gas plained lo them. Up to noon ing had been seen of the three and a smell of gas 'in the vicinity'of the room aroused door was.

forced three guests were bed unconscious, found to be tucned suspicion. The open and the found lying in The gas was on full physician was and, on his 1 arrival, he pronounced them dead. Be said they had probably been i era! hours. The bodies were remb'ved to the morgue and their llampdcn telegraphed for. FORESTS.

GO UP Fires Causing Great Damage Iti Tei "3lany FiLrmhoustiH Burned. HOUSTON, Oct. IS and Foit Bend counties thousands tof) acres of grass have been and t.he vast cattle herds will'have to be shipped to Indian for pasturage The btill spreading toward the gulf in Waller county. The bridges on the Texas Western road have been burned out and the road is completely tied up Sastof Houston hunters tired the grass, ivhieh burned rapidly, consuming several farmhouses Thousands of "wjres of timber have been destroyed and 2,000 cords of wood at Bimts- ville went up in smoke. Beginning- in Montgomery county are' the great pine iforests, which extend to the Sabine river and the state line on the east.

For'tniles these on fire, without any hope of flames being stopped. Fences and well as ties and wood have, 1 been swept away, but so far no loss of life has been reported. LOST S50.OOO. An Express Company a torlous Low of Money. ST Louts, Oct.

American Express company is investigating the loss of nearly $50.000 in money transit between New York and New Orleans The money was shipped from New York and consighed to New Orleans, but when, the safe readied the latter city the money was found to be missing. It is feared the money, was lost in transit between this city; and New Orleans, and special tives of the company are investigating the matter. No identity is forwarders of the money, but it is lieved to have been en route to the Jot- tery company Defalcation. INDIANAPOLIS, Oct. that has been investigating books of and Ladies of.

which has a membership all the country, with headquarters has reached a point" where can be stated with certainty that no defalcation exists, although were found in a very muddled, state The sensational aUeg-ation REBEL VESSEL SUNK. Fired on While Trying: to Leave ntany Lost. BUENOS RES. Oct. 18 rebel steamer (Jrano made an attempt Sunday to make the lyun out Of the Bay of Rio.

The of Fort Santa Cruz fired on the steamer and did tuch good execution that the vessel was sunk in a surprisingly short time. Many person-, on board the Urano killed by the fire from Wie for and a large number were wounded. Nearly all of the woimdea were drowned when thtwrteamer went down The French steam'eV Orenque picked up" all those who succeeded in keeping afloat after the TJ had disappeared; No Tariff Bill Vet-Made. WASHINGTON, Oci- IS son and oUier members of the comTnllp! tee on ways and meant, assured ets that the report that tin, committee had practically completed: the. preparation of the tariff bill was mco'rect These inquirers were informed that in the opinion of tne comirntteemen the bill would not be for report to thehouse until the pai of November.

Drnvvnad ID. A Bathtub. CHICAGO 0(t. 18- WaJJace, tuket agent of the Pennsylvania company at their Biond slreet station in Philadelphia committed suu'ide. by drowning himself in the bathtub at hib hotel, street' Muuroe Wallace is supposed to nave.

1 bi.cn out of head, his raentJ.1 con'dii. tion being due to disappointed love. Vt OVER THE STATE. Telegraphic Ne-wa from Vartowr Towns in Indiana. Broke Down the Door.

HAUTE, Oct. (Taylor, of the circuit court, Monday oigljt battered down a door at the opera house and threatened to use a knife on." an employe. The judge is an ollicer in a masonic lodge that has a lodgft rootn in the building. Access is "by tha stairways leading to the box office. The street doors were kept closed until of tickets for the evening- perform---' aBfie was begun The judge objected "add'-battered in one of the doors.

WhenS the ushers tried to stop him he drew his knife and made his way to the lodgo ro6ms, where he obtained a record of the lease and then sought Manager Hayman, who showed him th'at was subject to the lease The judge said he would coma next lodge night with a battering ram. Manager Hayman told him that bull: doZiug tactics would not win 'Warned him not to carry out his threat IvEttir in the evening he apologized for wBat he had done and said Judgo 'Taylor is the judge who sent a couplo men to jail for comment- inffi on the fact that he dismissed m. grand jury while it was the city contract conspiracies, whiclx 'action on his part was upset by supreme court I riLKcay. BEKLIS, Oct 18 and Countess Bluther were murdered Monday, 'by their gardener, who was angry 1 dismissal Irorn the count's service 'of a pretty servant girl with whom' the gardene- was in love -The murderer buicide. Hart's Trial for Murder I'oBtponpd.

EOCKFOKD, 111., Oct. trial of John Hart for the of sisters has been postponed until'itKe next term of coui by Judge being rodde that the charges of criminality preferred originally against Supreme Treasurer McBride and subsequently against Bookkeeper 1 b'etli were trumped up by a faction in'ithe order for the purpose of creati ing a sentiment which would result in the defeat of McBride" (for a second term and the removal of offices to some eastern city. ley, the new treasurer, cannot ftet backers on his bond of f- he does not succeed by Thursday order will be without A Macbeth promises to make a al statement of what he knows late'Jo- the week. For a New Western ISUIAXAPOLIS, Oct T. Brush is said to be at the head of scheme to organize a western baseball league, and it is claimed that the- league will be formed and that this city will be "in it" The meeting at which the details 5 organization are to be effected will be'' held at Chicago ber ki.

Representatives of Milwaukee, i Detroit, Toledo, Minneapolis, Omaha and Kansas City, and probably from 1 St Paul, Columbus and Grand Rapids will be present The salary- list will be limited or year. Managers in the different citiek are already signing- players lor next year, and Mr. Brush promises to have a club that will be as strong as any" the league clubs when the seasoa opened. Labor for Indiana "White Oct. 18.

Elijah Dalton, Jame Dalton and Holsapple, each five years; Edward Boiling-, three years, and Otto Barnett, two years, in custody of Sheriff, John-' W. Underwood, of Washington were received at the Indiana peniten-, tiary south Tuesday. The worthies comT 1 pose five white cappers who whipped Mrs. Elijah Dalton at her home near Borden two months and whose trials have just closeU at Salem. No sympathy for them is pressed by the prison officials.

Each will.be assigned to hard labor. There are'now confined in the penitentiary eleven white cappejs with that more will follow within a few weeks. Still Talk of Lj-nclilnK Kalier. HAMMOKD, Oct Franz Kaiser who narrowly "escaped beinjf by the enraged citizens of this towiu was arraigned Tuesday be- Judfje Crawford and held toijtlie criminal court in bonds His stepdaughter was put' stand and told the story of Kaiser's Brutal crimes. Thei people of.

Hammond still talking of lynching- Kaiser and a strong guard is -Okept about the jaiL The prisoner foreman at the tanking-room of G. Hammond company. He is about Sfr, years old. On Trial for LEBANON, Oct IS trial of $. charged "with the murder Attorney C.

Wesner in the Dan- Ville (Ind.) courtroom last May, Balled Tuesday A great deal outside interest is taken in case on account of the nence of both men. Able" are on. both sides, and it a hotly-contested case. The will endeavor to show it was' a murder, as Wesner held a- Txiur-i, derous dagger in his hand Vvlien he wai' arrested in San charged t. Attempt will.