Logansport Pharos-Tribune from Logansport, Indiana on April 21, 1895 · Page 1
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April 21, 1895

Logansport Pharos-Tribune from Logansport, Indiana · Page 1

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Logansport, Indiana
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Sunday, April 21, 1895
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LOGANSPORT, INDIANA; SUNDAY MORNtNG. APRIL 31. 1895. Anniversary Salel Anniversary Sale! For the Benefit of tne St Joseph Hospital. All Hail Tomorrow! friends, have treated us grandly. To the Public^we °we our tlranks and'in due appreciation of our year's success it is with pleasure tn, we are afforded the privilege of donating 3 per cent of our Sales Tomorrow To the St, Joseph's Hospital. Help Swell the Sales! Help Swell the Sales! As we wish the 3 per cent to be a good round sum and thereby give substantial assistance to a most Worthy Cause we have ordered every Department. To Make Big Reductions In Woolen Dress Goodsl All our 75c, 65c and 5Oc Novelty and Serge Dress Goods will be reduced to 48c, 39c and 31c. These will be bargains. IN SILKS; Tomorrow will be the biggest Silk Day we have ever known. Big reductions will be made to Help Swell The Sales! White Goods, Satines, Wash Goods, Hosiery, Underwear, Shirtwaists. Capes, Skirts and Suits were never so cheap as they will be tomorrow to Help Swell the Sales. Every Department will be well represented with bargains. Do your shopping tomorrow and you will help a worthy cause. 3 per cent of our sales to charity. Anniversary Sale Anniversary Sale. s. ne IdE BBB HIVE. 409-411 Broadway 1895 SPRING 1895 We take Pleasure in Announcing the Arrival of Our Spring Suitings! And we feel justly proud ia the success of our untiring efforts which enable us to show yoi; this season the Latest, Most Stylish, Most Attractive and Exclusive Line of woolens in the city. Gar! W. Keller, Tailor & Draper. 311 Market St. 3O6 Fourth St. WUl Go to ATLASTA, Ga., April 20.-r.TJie Soldiers' Colony company, of which. P. H. Fitzgerald, of Indianapolis, is at the head, has closed a deal with Gov. Northen, of Georgia, and the immigration bureau lor a solid tract of 100,000 acres located in southern Georgia. Twelve thousand persons will be located this fall, beginning in September. with .Forgery. YOKK, April 20. — Alonzo J. Whiteman, ex-state senator from Du- Inth, Minn., is a prisoner at police headquarters. He was arrested on . a telegram from Chief of Police Crowley, of San Francisco. ^Vhiteman is -wanted there on a charge of forgery.; Cripple Golnc Around tho World. VIXCEXJTES, Ind., April 20.— John B. Thomas, -who has just started around the "lobe on a wheel chair, reached hei'e°Friday. B* is confident he will go around the globe in two-years' time, earning his expense money as he goes. Mr. Thomas is a cripple, a printer, arid was formerly editor of- the Mount Ver- PRICES GO UP. Conditions of the Speculative Market Are the Accredited Cause, Upward Movement in Wheat, Cotton Beef, Oil, Etc.—Volume of General Trade Maintained. YOKK, April 20.—E. G. Dun A Co.'s -weekly review of trade ijays: "In every speculative department business is crowing, but this Is really tho le:tst satisfactory feature of tlio situation. Cotton, oil and wheat climb above thu export price, so that the marketing of products abroad must be cheeked and mouey fsaDsorboJ which ought to be employed ip productive industry and In distribution of products to consumers. Thn Woom In OH. "Everybody knows that oil has not risen 200 per cent, because It Is intrinsically more valuable, nor Is wheat actually worth more th;in It was two orthroo weeks ago, but the expensive and uplllrlnt; force has unfortunately takon to speculation rather than to production, and so wo havu higher prices in all speculative markets without a larger demand for consumption. Stories of combinations between tho Standard Oil company and Russia, as to partition of tho oil consumhiR territory, by no means nccounc for recent prices o! petroleum, vrhlch appear to be entirely fictitious. Adrance In Cotton. "There is no evidence ttat cotton Is In larger demand than It was when the price was a cout lower, bui prices have boon so low for months that an upward movement was easy without muoh reason, though, stocks here and abroad are 300.000 bales larger thau they were at the samo date after the greatest crop ever produced heretofore, and spinners here and abroad have taken about 1,000,000 bales more than they have consumed. Tho rise tends to prevent the decrease of acreage which Is its one reasonable excuse, Upward Movement In Wheat. "Wheat has advanced over three cents during the past weolt. There is no indication that the foreign demand will Increase, while tho prospects for this year's crop are considered excellent. Western receipts are not largo, and it would be strange if they wore, with prices so low, but advancing. Exports continue to indicate that the European demand will not be particularly heavy this season. Uootl unit gho«. . -Boots and shoos are In larger demand, although tho jobbers have to pay 10 uouts or more adovo tho prices paid two montb.'.^o, and there are more orders than when thni,*3- vanoe in prices -was tlrst demanded. Except from tho west, there aro Indications of a larger-consuming demand, but on tlio whole the market Is perceptibly narrowed by the advance which hlghor prices for leather havo occasioned. Iron and Stool. "In iron and steel the situation is rather ills appointing, although the output continues largo, as tho demand for linishcd products does not seezn to increase. Structural forms are in largo demand, but sales of wire are about 30 per cent, loss than lasc year, and in other branches there Is no perceptible gain. It Is still an open question whether the consumption will support th.e manufacture at the present rate, which Is at least an eighth below the present maximum. JRIir In Bciif FrlcoH. "Outside the speculative markets, tho most important feature Is the rlso in tlio price of beef, but.which Is largely duo to the coutrol of sources of supply by a few strong corporations. There ought to bo. but apparently is not, sufficient power in the hands . of tho government to meet any such conspiracy against vac pub- tic, and the proposal of Secretary Morton to admit Mexican cattlo and cattle from Canada on easy terms for the boueilt ol consumers, is heartily commended, though It is not likely to have mnch Influence. The actual decrease In receipts of cattle at the four chlel western markets h»s boon 200,000 head during tho lirst quarter of 1895. and the quantity killed has been only 80,000 head less than last year, about :o per cent., buXfacts have little to do with prices in this case, as In the case of oil. Wage* Advanced. "Some largo textile mills have advanced wages at Fall River about 10 per cent., restoring the rates paid after the reduction in September, 1S93. Labor,troubles are comparatively less serious this week, and the tendency is toward larger returns for labor, which will increase tho consuming power for other prod* ucts. The cotton mills are encouraged by improving prices and are fairly busy. Other Featured. "Tho hopeful outlook for the 'principal crops gives much encouragement, and also tho increase in distribution o£ merchandise. The volume of'business represented by exchanges through tho principal clearing house* Is only *.£ per cent, larger than last year for the week and its per . cent less than in 1893, about half the decrease being duo to .the lower range of prices. Money markets are comparatively dull and the accumulation from tho interior continues, although there is no material incieaso in the commercial demand. Foreign trade shows it lieavy balance due abroad, and gold would undoubtedly go out in large amount but for the negotiation cf bonds by tho syndicate. The government deflclt for the month thus far is over tlO.OOO.OOO, and no reason appears to expect that it will much diminish. The Failure JKecord. "Failures for the first eleven days of April amounted to f3.<18,785, of which |I,4!M,3J8 were of manufacturing, and H,953,527 of trading concerns. Failures during the past week have been 241 In the United States, against 218 last year, and 94 in Canada, against £ last year." Uradstreefi View. Bradstreet's savs: "The volume of general trade has maintained tho previous week's proportions, and at some points shows noteworthy increases as compared with, the total a year ngo. Tho reaction in petroleum prices appears to have been overcome, and the tendency is again upward, based on a drop in stocks from about 11.000.000 barrels of Pennsylvania oil in January. J89-4, to less than 3,000,000 barrels of merchantable oil. So marked and rapid has been the appreciation In price of petroleum that speculation in It has been ex- olted. Further advances in quotations are noted also for wheat, on improved demand [or export: cotton, on a widened consumption, present and prospective; print cloths and. other' cotton goods, because of higher rav cotton; Bessemer pig iron. on tie , increase of the cost of ore. coke and labor, and shoos and leather, on the lurther stiffening of values i5f hides. The upward turn of prices for dressed beef and live cattle has been maintained- .Coffee Is lower, is are lard and oats, but Indian corn and pork •emaius steady at last week's closing quotations. Wool is barely steady, as consumers ire waiting the new.crop before buying. Mroiu Many Section*. Relatively most improvement in trade Is In the region west of Chicago and north of St. .and Kansas G». The njs,h of the spring demand ror millinery, ary 6 0 ° QS clothing, groceries and hardware is over, but a fair volume of conservative trading continues- Mild weather and ueeded rains have greatly improved the agricultural and commercial outlook In tho northwest. Trade between Seattle ami Alaska is growing. The movement of mcrcnandlso throughout the central and northwestern states shows »n Increase In activity in tho great spring wheat states. General trade conditions »t the south are no better, and, in some respects, less satisfactory- Improvement in demand is not announced at any point." STATE NEWS BY WIRE, NO- 95. ^••^••I^^HMMI ALLISON ON SILVER; Dispatches from Numerous Places in Indiana. Fell tlucouicloun In thr Strert. •oi.is, Ind., April L'U. — Ex- Gov. Albert, (j. Porter, who is now TO years old. had :i stroke of apoplexy on North Meridian street at 0 o'clock Friday evening 1 and was found uncousc ous on the sidewalk. Mr. Porter hud sUirt- od to walk from tho Denisou hotel to his residence on Capitol avenue, :v mile dis- Utnt, when a rush of blood to the brain overcame him. Mr 1'orter partly regained consciousness before .the ambulance arrived at his home, and late at night his recovery was assured unless there should be a relapse. Gov. Porter weut to congress in JSftS and continued in congress through the war. He was elected governor in 1SSO Over Franklin Landers, and was appointed minister to Italy when Gen. Harrison became president. Since his return from Italy he has been living quietly at his home here. Wonia'n lloritowhlp. liar Traduc«r. CltAWFOKDSVrLLK, Ind., April 20.—Dr. Loilaud.ofCrawfordsville,made charges some days ago damaging to Mrs. John Vise, wife of the owner of the hotel at Linden. Friday Dr. Loflaud was called to Linden by a telegram, and on, stepping from tho train was pounced upon by the son of Mrs. Vise, who knocked him down. Mrs. Vise then stepped up with a horsewhip and lashed the fallen man until he was unconscious. When her whip was broken she seized a board and was about to finish her victim when her sou dragffed her away. While the Hogging wa* going- ou he kept off the bystanders with a club, and knocked John MeCorkle insensible when he attempted to interfere. _ (;laliu 1'urt of 810.OOO.oou. WAIIASH, Ind., April 20.—Isaac NeJT, of Mount Zion, ex-sheriff of Blaekford county, and Mrs. George \V. llullfman, of Hartford, are the prospective heirs to a fortune of 816,000,000, now said to be in the care of the German, government. A day or so ago Mr, Nclt received a letter from G. M. Garder, of Bridg-ewater, W. Va., also one of the heirs, who said that lie had spent the last two years in investigating tho matter and is satisfied that tlio property will bo turned over to tho .10(1 heirs upon the proof of heirship, which he alleges will be easily made. Mr. Neff expects to receive 5150,000. Received tlio Mandate. IJOJIASAPOLIS, Ind., April 20.—United States District Attorney Burke has received from the clerk of the supreme court at Washington the mandate of the supreme court reversing the judgment and sentence of Judge Baker in the case of Francis A. and Pcrcival B. Coffin, convicted of having violated tho United States banking laws. Tho district attorney took the mandate before Judge Baker, who directed that the accused men appear before him May 1 and give new bonds. Francis A. Coffin is in NewYork and Percival B. Coflin is in New Meiico. The cases will probably be set for June 1. Want ft Receiver. CROWS POINT, Ind., April 20.—An application has been filed here for the appointment of a receiver for the Iowa, Illinois & I'ndiana railroad. The road is about 300 miles in length, running from Des Moin«s, la., to South Bend- The application for a, receiver grows out of a judgment recently obtained by Daniel Lynch, of LoweJl, against the road for damages sustained by fire, the road refusing to settle. No Woman'" SufTrmro In Indiana. LAFAYETTE, Ind., April 20.—Friday in the superior court Judge Everett held in the suit of Mrs. Helen Cougar, who sought to recover damages from the election board for refusing to allow her to vote at the last November election, that under the national and state constitutions women were excluded from suffrage, and decided against Mrs. Cougar. The decision is important beca-use it is a test case. taw to Jtm Toted. I\T>IASAPOUS, lud.. April 20.—The complaint in the suit of Charles Harlev, of Delphi, to oust .1. W. French, the warden of-the stale prison north, was sent to the clerk of La Porte county for filing. The answer will be prepared and filed immediately. An effort will be made to get a decision from the supreme court before the summer vacation. I^avei One Priion for .Anotner. jEFFEiiSoxvn.L'E. Ind., April 20.—Edward L. Houston was liberated from the prison south Friday morning only to be rearrested and taken to Butler county, 0., to answer charges of robbing a railroad conductor of several hundred dollars. Houston was sentenced at Connersville to serve three yearsfor grand larceny. Views of trie Iowa Senator Set Forth in a Speech, . His View of the Cause of Depreciation of Silvei—Necessity of Having Gold and Silver on a Par. MAIWA.I.I.TOWX, la., April 20.—Sen- - utor Allison was banqueted by the Traveling Men's Republican club of this city Friday night, and spoke at length upon the silver question, with special reference to statements made in "Coin's Financial School." Tho banquet was held at tho Pilgrim hotel. , President E. M. \Veutworth, of the club, presided, and introduced the senator, who said, among other things: ••I bavfi no doubt that iluaiioc Is n familiar topic to you. and it certainly is to inc. 1 have seen more bills, received more pamphlets, and reuOS tnore upon this'subject durinR tlio last ye:ir th^n ever before. You c:m all sou that— "to use ;i familiar expression—there is a scrow. loose somewhere. for we have seen our country pass In two or two and u niilf years from » . condition or prosperity to one of i>;vnic and distress. We arc told wo have come to tnls sit- • , uation solely because of the coniliUon of one '. of tbe precious metals, uud J realize that there is no more Important question tliau that of tho money wo use." •• • . 2t'tttural Mom-y MctnlH. He added that cold and silver were precious rcetalN because of their divisibility and their. nondestructibilitjs. . He relorrod to tho fact that sold and silver Vero for thousands of.. years tlie money of the world, uud rapidly sketched tlio history of the minlne of theso precious meials and tho effect of their output as Influenced by wars upon the stock of gold and silver in the world. He continued: "It is said that in iSK> tlicrc was less than 11,000,000,000 of ROUl in the world. From • I860 to 1S76 there was produced 1n tho , world of Bold within about S-'Ou.OOO.OOO of the amount produced from HM to 1850. During the S1K) years prior to 1B5U ibcro wa*.< produced about jr.'OOO.OOO.WO of silver, but dur- .. 1 n(t the twenty-live years ending 18TC there __• was produced nearly three times us much gold us silver. , • "It is claimed that ta 1873 silver ocean Its downward course and'that It WHS duo to the action of the people b.v iholr representative* in confess. It was bolloved by many thai : this enormous Increase in uold would BO on • from year to year. Vcr fourteen years, during the enormous l.cllux of Bold, the gold only passed through our country to those .lauds where KOld and silver were the meaa- .; ureofvulue. \\'e had then suspended specie payments, and for these fourteen years wo were on a paper basis, uud therefore it was . that It was clalmod on account of tho enor- roous production of gold that (told and silver -.. could never anain be a measure of value. However, during thls-tlmc silver uud gold marched ' side by sldo at a ratio of about I5tf to 1." ^ Ceumtlou of tree Colnnto. .,' The speaker referred at groat length .to • .. money legislation In European countries. Re- '.•; forrlng to the cessation o: free coinage of nil- : ver In tho various mints of Europe, he Bald " It was the diffusion of both metals through., Europe that kept them m a parity. " ••It Is said in 1873 wo de-monctizcd silver. It Is true that at that time wo changed the laws of our mints and established gold as » • standard of value. I bellevo now that U wa» ; a mistake for Europe and for us to have changed theso standards. Dut for twelve years prior to 18T3 wo were on a paper baaU and it was not looked upon by our people as •n Important feature. No action of ours In !87S affected the price of silver or affected the action of Europe in dealing with silver. "Tho effect of our aeilon la claimed to havcfceon to r-jduc'j' the prlco of all commodities »nd appreciate gold m the same • measure that silver v/ds depreciated. I don t believe it. Since 1873 Koce prices have . been reduced and some advanced. Gold and silver until put In shape' of money were commodities and «re governed by tho lairs of supply and demand; and ]ust that thine happened to silver and gold as huppened under , these laws to other commodities. In every country of Europe la 1873 the mint was open to silver, and in 1877 not a single mint in Europe was open to silver except for fractional coins. Wo were then upon a paper basl», »na . could exert no Influence upon supply and demand. From that time the supply of sliver increaied. and with an increased supply and no demand in Europe it was the most nat- _ ural thing in the world tbat silver should do- •; preclato." ' ^ Situation In 1804. i "The amount of silver in circulation in 18ft*., In Europe,.wbcrcia gold standard bos talton the place of a double -standard, is $1,855,000,000, '" and there are now in circulation In the United States *B5,000,(XX>, while In JOT-'. •we hod not a cent. And still they claim we demonetized silver. Eow can wo demonetize silver when we put It la circulation to tb»t extent in twenty-two years, and this silver passes current with gold." The senator continued that it WM necessary to have both metals on a par- with each other, and he predicted that an international agreement wan surely coming. ' Into the Hmndi of the Plate Gbui TrtuU CLEVELAND, O., April 20.—A special to the Press from El wood, Ind., says: ';.. The information was obtained here Saturday from an. authentic source . that the Pittsburgh Plate Glass syndicate had closed a deal securing the DC- | pauw Plate Glass works at Alexandria and New Albany,, and that they will soon be transferred to the trust. Both. plants have been in the hands of a receiver pending the settlement of the : Depauw estate. • In Musical 1'rodltfea. SPRISOFJELD, O., April 20. — Mrs. .-. Harry Frock was perched on the top of a piano that was attached by a const*-, and carried away through the' •'; streets here by four men. She took ( . this means to keep, the piano, but had.,;' finally to surrender. <;old Ua»l« In KuMla. . ST. PETERSBURG, April 20.—The coun- • eil of the empire has unanimously ap-; proved a decree authorizing commer-; cial transactions of any kind to be concluded on a gold basis. J u*t)ce. •WtaaJqw'it Majority. j>-, Wisiv" April 20. — Justice .' Window's majority for the supreme ; bench by complete official figure* i»-=8,089. -

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