The Algona Upper Des Moines from Algona, Iowa on December 7, 1892 · Page 2
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The Algona Upper Des Moines from Algona, Iowa · Page 2

Algona, Iowa
Issue Date:
Wednesday, December 7, 1892
Page 2
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JOWA. CONDENSE)) NEWS. In 1800 ,we produced (JO.OOO ton:* of paper; In 1800 1,200,000 tons, or 150.000 tons move Hum the total product of European impel' milts. -£• A Nineveh, the ancient city, was 14 miles long and 8 inllcs wide, surrounded by a wall 1(K) feet high and '2!l feet wide. • • . People who cherish those they know to be dishonest should not complain when they are robbed. Cancer has boeii discovered in American brook trout In a pond in New 7>ea- hmd, It was supposed that the disease Was unknown to fishes. The city hall of Philadelphia, tin; largest nlul most costly In Ihe United Stiites, contains the largest, clock in the world, Tlie line between prudence and selfishness is not. drawn clear enough to keep most; people from getting on to the wrong side. The fumes exhalations from the sulphur springs of Colorado can be distinguished at a. distance of fully twenty miles. A Kansas farmer who had had much trouble in shipping eggs, at last succeeded in getting a consignment delivered in good order by marking the box "dynamite." The great organ in the old Moiinnn church at Salt Lake City has 2,704 pipes, each thirty-two feet long and large enough to admit the body of a man of ordinary siw. A ten-pound cannon ball was recently dug up at Lakesldo, Ind. It. has been identified as a relic of the times when Mad Anthony Wayne was in command thereabouts. The very finest specimen of engraved gem now In existence is a head of Nero carved on a first, water diamond by the brothers Castanx.i in the year 1700 A. D. Lawrence, Kan., is said to contain several girls .who imagine they are so pretty, that they are afraid to appeal- on the streets in a crowd, for fear of being kidnapped. The new Mormon temple will be dedicated at, Salt Lake, April (i. 1803. The construction of the building was begun forfy years ago. and it has cost $2,500,000. The proposed underground elec.lric railway in London, if sanctioned, will bo 1(5 feel; under the Thames, (iS feet beneath liogeut's prtrk and 85 feet below Oxford street. ( The big paimiei-H of 1720 were worn with a '"croaker." a bustle made of linen cloth, gummed and folded, which squeaked outrageously with the slightest movement .of the wearer. The United States contains 70,000 la.wyoi-s, 11,000 of whom are in Now York city, making the proportion thereabout one to every KiO of tho population. France, with a population of -10,000,000, has but (1,000 lawyers, and Germany has only 7,000 out of a population, of 50,000,000. The Norman term "malre," afterwards Anglicized "mayor," was introduced in the reign of Homy II.. and it was King John who lirst granted the citizens of London the right of electing a mayor annually. The prefix of "lord" and tho style of "right honorable" were granted by TCdward III, in 1354. An Englishman has Jiivoiiteci a rubber stud for floor and stall's. It consists of a small iron plate with a nail projecting from under the surface, around which rubber is molded. It is lixfcd In place by a blow of tho Hammer, the advantage being that when worn It. can be easily removed ami replaced by otheiH. Scientists are now talking learnedly of "suggestive therapeutics." A year ago it. was called "hypnotism," before that, "mesmerism." and not a givit while before that, witchcmft. 'I ho {indents were rather lacking in dictionaries, but they appear to have ha-l "\- collent eyesight. There is a touch of humor in the fact that mosquito and musket are from the same root, the latin word for fly. OIK* comos through the Spanish masca, a Hy; the other probably through the Italian. The popular notion that (he Mosquito coast of Oentral America, cavo name to the Jersey pest is probably an inversion of the true sequence. Uncle Sam's dispute with Venezuela is settled. A negro boy of fifteen is executed in (i oof-gin. Tho Briggs horesy trial lias begun in earnest in New York. An explosion occurs on a boat; at Dtt- luth. killing tAvo pel-sons. A most daring Ixahk robbery Is committed nt Allentown, N. J. •Kngland's proposals- have been submitted to the monetary conference. A drunken street car conductor in Minneapolis shoots two men,one family. Having been defeated in the chamber of deputies, the I'Vonch ministers resign. Tho heresy charges 'against Drs. Briggs and Smith lliavo been orticialty approvwl. President Camofc, of Franco, has called upon M. Kevssou to form a cabinet. Representatives of western roads are making efforts to organize a tonnage pool. The Western 1'jissenger association adopter decisive measures to slop rate cutit.iiig. | Mr. (.torman, it is announced, will be President Cleveland's spokesman in the senate. | The extensive distillery of Consul Smith, at Holbeck, Denmark, burned to tihe ground. i i One hundred and eighteen cases of typhoid fever were reported in St.. .Ix)tiis on the a!)th. Au epidemic of 1(yphold fever prevails among students at the Ohio Medical College, Cincinnati. ' j A safe in the post office at Mmvugo, ' 111., was blown open, and all the stamps and c:ish on hand taken. Kach of the six convicted Toledo, Ohio, boodlers has been sentenced \o pay a line of .^'50 and costs. Carl Gustav Lindmark, commander of tlie Swedish naval reserve, died at Stockholm, aged 00 years. Tins winter Jay Could will pass in Texas, where he will supervise the construction of the White Oaks railway. Kriedrick Saa.tit, an .original character of Halle, known among students as .Pfeifen SaatK, died, aged 73 years. David. Good, a. resident, of Nevada, Ohio, took an overdose of morphine for some ailment; and died, from the ell'ectij. St. Louis as woll as St. Paul, has a. "dream case," a barber being airest'ed for murder on the strength of a- dream. .1. O. Hinds, on einployo of tlie Chicago Natural Gas company, was shot by Lewis Ha.yiies. a. neighbor, at 'Elwood, Ind. A passenger train was held up at Malta, Mont, on the '2'Mh, by three men, who secniml the local sai'e from the express ear. Mrs. Joseph Filoy, aged 51, was burned in a coil oil explosion at her home in Virginia, 111., so badly that she died a few hours later. The Haiikinson packing plant of Sioux Oily lias been purcluised by the Cud- ahys of Chicago. It. is the largest packing plant in Iowa. The Nicaragua Canal convention assembled In New Orleans on the 80th. There is a large attendance anil r_?ood results are anticipated. A "seminary social settlement." is to be founded in connection with the Chicago Theological seminary to furnish The prominence of electricity in chemical processes is again brought '•ftjriward by the announcement of the disftov^ry of a new electric process for obtaining-^ caustic soda, chlorine and other comiuwrcial chemicals from salt water. Kleotro-fiheink-al industries already well established include such Important branches as the reduction of aluminium and alliimiimim alloys, bleaching, tanning and the extraction of metals from ore. Should tills now process prove wholly successful, it is expected to reduce the price of these commercial chemicals one-half. The water of the sea will then bo the "raiw material" from which these products are derived, and tariff discussion about them can be stopped. object lessons t'o students, .lohn F. OonnolljV, additional law judge of Lackawanna, county, died at Scranton, Pa. He was 80 years old and Avas elected to the bench live yeai-s ago. Tho democrats of Nebraska, according to an Omaha dispatch, hope to gain another United States senator as a result of oont'osts in legislative districts. The. [''armors' National Bank at Allentown, N. .1,, was on the 20th robbed by two men, who at; the point; of revolvers forced the cashier to hand over !j;2,700. (iustiiv flaudt, who murdered an old widow, named Van du Heidi-, at Oeder- Hiiari, near Sttule, ,'Iuly 5, 1892, was sentenced 1!o death by tlie court of Stado. Congressman Lewis Steward, of Illinois eighth congressional district; A\ill contest the seat in congress of Itohert A. Ohilds, who had a plurality of 17 votes. President Graves of the defunct Commercial bank of Dubuque, has returned from Arizona to stand trial for making false reports to the comptroller of tno currency. 1)1.-.k Berlin and Charley Hayes, two notorious burglars of Sout.1i: Omaha, have been arrested, charged Avivh tho murder of Charles Miller, late mayor of tlie city. Miss Sophouisba Brockenridge, daugh- 4 or of Col. W. c. P. Brockenridge, of Kentucky, has taken the proper examination for admission to the bar and she is now a full-fledged lawyer. Tho acting director of the mint is informed lihat; the coiners at the Philadelphia mint' made their first delivery of the World's fair souvenir coins to Superintendent Bosbyshell yesterday. The pool established by the presidents of the Trunk Line association Nov. 1(5 for dividing all the competitive west-hound freight IrailU- between NOAV York and Chicago, went: into effect on the 1st. George M. Harris, of iUchmoud, ijul., whoso conduct has offended his neighbors, Avas captured by a crowd of men, Hod. gagged, and a noose placed around his nock, lie saved his life l/ty promising to leave town. Mrs. Maggie Bradley, Avho AVUS recently (Hod and acquitted for the murder of a baby, has been told by Iho women of Willis, Kas., to leave the county in ton days or they Avould Inland feather her. William Freyvogol, one of the jurymen in the i-ecent Crttehlow trial at I Homestead, has been discharged from lids position nt the instance of H. ('. Flick, because of hH stand on the Critclilow verdict. I fans Christian Arentzen. a manufacturer of Copenhagen, bequeathed his ' estate, $80,000, to thct municipality of | Horsens, his native town, to be used ' for the erection of homes for aged artisans or their widows. ! At a, meeting held at Montreal on the 28th to discuss the political future of Canada a vota was taken which resulted: For independence. 1,014; for annexation, 0!)2; for present condition, 8(54; for imperial federation, 29. - The total collections of Internal revenue for flue lirst four months of the present fiscal year wore $50,253.020, ah Increase of $4,382,752 compared with the collections-during the corresponding period of the last fiscal year. For the second time this year, a robbery on tho Illinois, Iowa & Indiana railroad occurred ou tlie 2!)th between Dwight. and Buda, station, 111. Kach time tho amount sreurcd was $2,000 and the United States ICxpross company is the loser. A dispat'eh from Davenport, la., says that ox-Messenger U. 1. Baglcy will plead guiltiy when his case is called Jn the district court, for the embezzlement of $100,000 from the United States Express company. His plea will be tem- poiury insanity. The St. Paul, Minneapolis and Mar itoba railroad its attorneys has tiled with the secretary of the in t'erior its deed of reconveyance to th government for 45,000 acres of him within the place limits of its grant ii North Dakota. AmmgMiients have been complete: for a consolidation of tlie Werner Print . ing and Lithographing compamv of Ak ! ron, O., and the 11. S. Poale company o Chicago. The new company will b< capitalized at $3,500,000, and all worl will be donp in Akron. Homy S. Ives, the young Napoleon ol nuance, was married in Lockport, N. Y. to Miss Helm Gertrude Sears, Nov. 21 The wedding was such a quiet affaii that none but the immediate relatives and most intimate friends of ilhe con tracting parties knew of it. Patrick Hurst, of Chicago, was placet' on trial on the 20th, in Judge Baker's court!. Hurst killed his wife Feb. 5 b.\ stabbing Ivor forty tlmrs with a Imgt seaman's knife. After his arrest In confessed the crime. The defense will try to prove- Hurst insane. Virginia. Penny, the pioneer in tin movement to extend the possibilities ot employment for living in New York in pitifully destitute circumstances. She has suffered much from sickness and poverty, for s'lie has never realized much from her books. At a wedding in the village of Gross BniQskow, near Stolzs, the 300 guests consumed eight calves, one steer, four hogs, 150 chicktns, 800 pounds of nsh, 1,000 pounds of Hour, 200 pounds of BANKS AND BANKING. Prof. KinleVs A Die Papei- Before the Contemporary Clnb. A Wisconsin University Professoi intelligently Discussed ait Important Question Work of Clearing: Houses, Merits of U. J?. howls and Many Other Topics Treated. butter, 700 eggs, ten barrels of beer, seventy-live gallons of liquor., etc., the the market value being $500. The body of a man supposed to be Weed Knapp was found on the track of tho Hudson river road near the rolling mill, Foughkwjpsicr, on tllm Tho top of his head above his ears was nearly cut off. Tho remains were brought to Coroner Frost's rooms. Secretary Noble lias approved vho role of the Cheyenne. Kiver and the Standing Hock baiids of Indians in the Dakotas to whom the $200,000 appropriated by the act of Jan. 10, 1801, is to be paid. It is expected thai' (he money will be in the hands of the agents for payment within tho next two weeks. (Voting Secretary Spaulding made a further modification of the regulations governing tho admission of immigrants on the 30th. Under it; all vessels from foreign ports regardless of whether thoiy carry immigrants will be allowed u> proceed as far as the local quarantine stations at Philadelphia and Baltimore. The favorable economical conditions of the people of Denmark is well demonstrated by the report of the deposits in tilie 544 savings banks within tho kingdom. The deposits amounted to 505,(i02,(i41 crowns or dolliiiH. Tho increase during last year was ,fS,C(ia,020. The lumber linn of Bills & Koch, of Toledo, O., 1ms failed. Tho linn's assets are about $88,000, but the liabilities will exceed that amount. At Tecumseh, Mich., the Tecumseh bank closed on heai-ing of the failure of the Toledo , firm. Its liabilities are $150,000 and assets $88,000. The Census Bureau on tfie 30lh gave statistics for 1800 of the manufacturing industries of Lincoln, Neb. Number of establishments leported, 117; number of industries reported, 38; capital invested, $1,014,880; hands employed, 1,518; wages paid, $030,075; cost of materials used, $1,278,803; valuo of products, $3,018,837. In >Ia<;:sou a few evening's sinco Prof. David Kinley, of the economic department of the Wisconsin, university, gave a practical address on The Use of National Banks in Govenm.ieut Financial Operations. An unusually large and cultured audience assembled at the meeting of the Contemporary club at the Unitarian church last evening. The public htid been well informed as to the'program, the reading of nn original paper on The Use of National Banks In -Government Financial Operations, by Professor David Kiiiley, of the university, and a discussion of the paper by Mr. N. B. Van Slyke, president of the First National bank, and other citizens versed in finance. Mr. Kiuloy's paper was a very able production and showed careful research. "Tho opinion has been expressed," said Prof. Kinley; "that the proper institutions for keeping the government deposits ,ind for managing cris?s are the banks and the clearing houses. The statement can be iiarrowt'd somewhat to the national banks and the dealing houses. It is not necessary to discuss here; the comparative merits of national and state banks. But only the national banks should be used because they are the only ones over which the national government, can exercise dir et control. The national banking system has faults, but it has served its purpose of furnishing a uniform and safe currencv so long that it, ought to be preserved. Its failure to make our cumxncy elastic is due in part to unwise regulations as to the security and redemption of notes and to the use of the reserve;-But more so to other independent features of our ruiTonay system, especially the us" of government notes, and to our silver policy. But these are defects that can be remedi d. ".Any proposal for a more extended se of the national banks as public d"'- positorios, and for enlarging their func- lions as regulators of the currency." jontined tlD". spoa.ker. "must, of course. inve In vi-ew tho fact that In a few vears more tho system will pass out of existence, and must, therefore. Include some suggestion for its perpetration in some form. The plan about to be out- ined assumes that tin-. 1 national bank- ng system will bo continued. There s really no good reason why it. should allowed to disappear for the only condition affecting its existence which will soon change in th-e extinction of :he national debt. Rut It is difficult, to ro what valid objection can bo made o basing the circulation on other bonds. The law permits tho secretary of th>' treasury to acc/'pt other than United tates bonds us security for public deposits; if there are other bonds which ire, in tli/. 1 opinion of congress, snffi- ientiy secure for that purpose. It may airly be assumed that congress should onsider these same bonds a. sufficient for hank Vssues. "Premising then that he national bnnldmr system .will be continued. 'rof. Tvinlov, said that the-indepordont reasury with ite bad influence on the non' n y market, could be replaced with fie banks as depositories by modifying tie banking laws in accordance with :io following suggestions: i '1 Make the clearing houses of the our or flv-e most important cities In ifferent sections of the country agents another condition was that nil depository banks should iniike daily reports to their respective clearing houses, and the clearing houses to the fiCcratJiry of iho treasury. Any loss to tho government, from false returns from any bank or from depredation of the bonds deposited should be made good by the clearing house to which that bank belongs. All drafts for government money sliall be mado directly oh the banks. If any bank fails to pay a draft on demand, any other, natioyal bank tiiay at Its-discretion do so, and shall then b? reimbursed on pivstmtaUou of the draft with, proof of its rtlshonor, for lite principal, costs and interest, 'by the' doming house of the d partmeut In which the defaulting bank is situated. All government inoii 'y shall be deposited in the banks in accordance with the foregoing provisions, exo'pt the $100,000,000 of gold commonly known as the grmiback reserve, and tho gold or silver bullion oil deposit to secure coin or bullion certificates. The following provisions for elastic- city of tin.' cimviioy aiv suggested: "Circulating notes should be issued on deposit at AVashhigton of such bonds as have already bacn described, or on deposit of gold or of gold and bonds, and the amount of issue should bu the par value of the deposit, in a crisis each bank should be allowed to expand its issue of notes 25 per cent ov; r the par value of the bonds deposited, provided tlte bonds do not fall b;-low par on account of the crisis, and each bank should also be allowed to deposit gold coin or bullion as a basis for the furl her issue of not).\3 in the same ratio, to be held on special deposit at its clearing house for the purpose of redemption. In order to avoid tMay in a crisis each bank should at all times koep at its clearing house-on special deposit, a certain iniouut of extra no ten. Thoso> notes should be sealed away under the sesil of a United States inspector, and an itccount of them should at all limes, be iept with the treasurer of the United States. "Permission to use thmj extra notes for the purpose of the expansion just THEBRWiERWiZi Jay Gould Falls a Victim to p nionary Consurnvtion and Passes Away. Sketch of one of i.he MostRoinai tic Careers of the Present Century. Enormous Fortune Lett to j Surviving Children—Othei' Fads. Waste and Want. A. waste of flesh and a want of digestion. These no together. People who cunnot assimilate the food they swallow must of necessity lose bodily unbalance. To remedy this, render digestion eaay and thorough with Hosteller's Stomach tlvV> government in its relations 'with he banks, dividing the country into epartments and putting one of the loarincr-houses nt the head, for government business of nil the banks in a do- n.rtment, "2. JOvery uatf onal bunk to become a lember of the clearing housu ju it.-i ectlon or department. "3. De-posit all government money the national banks with the exceptions noted below, and require all gov- eminent receipts and payments to puss through thww banks as far as possible, on these conditions: "The bank seeking to become a government depositor?'- shall deposit, with Its clearing house bonds of the character required as security for circulation, of such amount us in tho discretion of the secT-eMiy may Ixo required, but never to l>o suffered to become less than tho par vnlue of tho amount of public money held by the bank. Tho spoken of must be secuivd from the secretary of thft treasury," said Prof. Kinley, '.'and the secretary shall give such permission under the following circumstances and tlieu only: Ho must have received from the clearing house notification of tlte necessary deposit, and the rat» of discount on call loans in -Now York city must have ivaehod eight per cent. All net prolit over one per ei'ut. accruing from this extra issue of notes must be credited to the gov- oniniuit, No bank shall discount below (fight per cent, while any notes <>(.' tills extra issue are outstanding, and any bank may offer a premium oil siK-h notes in order to call them in. if any of Ui in are outstanding at the end of one 11:011 Ui the bank may be reimir- ul at tlie discretion of the secretary of the treasury to deposit gold coin or 1 bullion to cover the excess, and at the end of two months such deposit shall be mmlral. All the usury Jaws of the states should be tviviiled, so far at least, as they relate to short time loans, I and no national bank should IK> allowed to imiko discounts for a longer time than ninety days. j "The payment of 'infrjresj oa d"posits." said Prof. Kiuley, "should be I forbidden and the law which allows deposits of country banks in hanks of r serve cities to count as part, of the reserve of both, should be repealed. Every national bank should bo forbid- drn to pay out; th« notes of any other, but should bV comp<'lled to receive them at par and forward them to Its el-earing lions.; for redemption. Each bank should keep at its clearing lumso a redemption fund equal to five p'.r cent, of its circulation. If any bank should fail to redeem a note of its own issue on demand, the holder may seek ifs payment; by either of the methods provided for the payment of government draffs and the affaire of the defaulting bank shall immediately be put into the hands of a receiver and Its affairs wound up. A noserva of at least twvnly per cent, of deposit* shall always IMJ kept on hand, except when the discount rate on call loans at any of the central cities in which tho clearing houses are situated rise** to ten P'Y cent., the reserve of any bank in Hind department may be allowed to fall to fifteen per cent, of its total rte- paslts. In a crisis doming house certificates may be issued subject to tho regulations which now govorn their issue In N^v York city. NEW VOBK, Dec. 2,—Jay Gould-dlei this morning at 9:»0 o'clock, troubles were diagnosed as consump. tion of the stomach* supplemented wit a bilious attack. The direct cause Mr. Gould's death, as statcd^ta house this morning, Avas puTmona consumption. The scene at the house at midnight was not extraordinary, It was stated at that time that th< strong master mind had ceaset to battle for life. His children were at his bedside and thej recognized that the hopes of the past few days Avere vanishing and that th< end was not far off. They tearful 1 admitted this to a few close persona friends, and then began the vigil whicl only ceased when the last breath lei the body. Dr. Munti, his physiciat had Dr. Jane way in consultation, bu they s-aid that nothing could be don but make Mr. Gould's last hour us lomfortablc as possible. Whei the end came the members of thi family Avho wore in the house were Mr. and Mrs. George Gould, Mr. anc Mrs. Edwin Gould, Miss Helen Gould. Mr. Howard Gould, Mr. Harold Goulc and Miss Annie Gould. Jay (iould was born in West' Settle ment, a backwoods village of Koxbiiry, Delaware county. X. Y., May 27, J830 He was the sen of John B. Gould, : farmer, who was fairly well-to-do, an< who had been a deputy sheriff in th famous anti-rent war in the early '20't Young Gould was also a cousin ofj Alfred Gould, the inventorof .the chain- well pump, and was closely connected* with tho Mores, a prominent Scotclf family, and others woll known in thai county. His mother died when lie was!' an infant. ' i Mr. Gould left homo with 50 cent's iJ his pocket' and studied at Hobart academy, in a neighboring town. Her he earned an extra, penny by keepin the books of the village blacksmith eventually enjoying a brief purtnersh in the business. He was fond of math nmtics and on leavii.g.sehool found em ployrnont in making- .surveys for a mil of tllstiM- county at a salary o\$->0 pe mouth. The correctness of thf> wor attracted the afention of JohirJ Delt field, who applied to the LegisUtui to authorize a map of tho. State to t mailo, in which Mr. Gould would hav a prominent part of the work. Tl work failea, oAving ( o the death of tl promoter, and Mr. Gould, havin gained S3,000 or ,«1,()()0 throii<--h >j previous, maps and surveys,.^' "History of Delawan; County'' 0 " After nn unsuci-i>ss'fii' push the sale of a patent mouse trap which he had invented, Mr. Gould et tered into partnership with /ado Hnitt in the tannery business. In |8f the patent was sold, and Gould cam to New York with <]uite an addition t his fortune, lie entered into busines with Charles D. Leupp, leather mei chant. In the pas ic. of J857 Leupp'sear ital was wrecked, but Gould manage to come through without, severe low Gould's father-in-law, Mr. Miller, ir itiaterl the young financier into th railroad business and sold him a num berof shares in the Rutland & Wasl ington , railroad at K) cents on th dollar. Gould showed so much intei esl that he was soon elected presiden and general manager of tlie road, un finally consolidated it with the Kens Belaer & Saratoga railroad. When th stouk went up Gould sold out at handsome profit. unit s-leep lire both impaired by indigestion, begets nervous (symptoms, hear'.burn, flatulence, j reject, under general rules adopted by j all the clearing houses and approval, of the bowels and palpitation of the j ^ ??* 9 ^rotaiy of tho tort—the lalter oflen helng erroueously'attrlbut- „ * >d to disease of th'it organ. All these manifest* tious disappear when the Bitters U resorled to. Malaria, i-limimatiein, liver and kidney troubla lire effectually counteracted by this superb cor- m,.iiv« which is not only effectual, but perman- A Canadian who favors the annoxa- , i tion of Canada to tho United States expresses tho opinion that "political union | may not come about AVliile Queou Vic- i , toria lives, but her death Avill .strain tho sentimental tio j England." any offered that, it deems unsafe, and shah 1 then forward those deemed safe to the United States treas- at Wnshthigton. On receipt of hands by tUa treasurer, tho banks shall on tlio order of tho treasurer, re- a deposit of public money from is a surplus transfer from any de- lies, collector and wWte **** **« proper , | oome f 0l . In continuing the speaker said that lightened system » ' "Then.' is nothing in these proposals," continued I'rof. Kinley, "that involves a ,wude d'Cpartui-e from institutions and methods already familiar, and they provide for tli.0 ultimate safety and the prompt payment, of the public deposits for expansion of tho currency in crises, for tlio prevention of congestion of money at gn'at centers, and for variation in "the volume of bank currency in response to business d.emauds. No mention is iiwd'o in them of 'lawful money 1 other than gold as a provision for reserve. It Avould be a great .precaution for future safety if the existing government wore retired and their place supplied by bank currency. In that event the banks should lw> taxed so as to soctiro for the public at least sis much as tlio net protit, allowing for trouble and expense, derived from the government notes. The teurrenoy of tlio country would then be more elastic, because, more purely commercial. The provisions for the safety of the public deposits are ample, for only bonds of Jlrst class character could be accepted and only after receiving the approval of both the clearing house, and the secretary of the treasury. Finally, the adoption of this or some similar plan," conclud'cxl the speaker, "Avould put an end to tho injurious influence on the business of the country which tlie action of the independent treasury has so long exercised,, and which Increases a more en,- j . , A BULL OF THE WOODS. Aniu-diiti- of How Mnc-oli » TruNt<!il it To "I had the distinguished honor to b thocompanion of Abraham Lincoln In one of his flatboat expeditions," said Davis G. Stephens, one of the pioneers of Illinois, to a I'ittsburg Tiaies man "Furthermore, the great martyr presi dent became my champion and thmshex a man on my account and thrashei him thoroughly. I was a boy of 15, rather delicate, and my father,. who loved Lincoln as a sou, sent me on trip with him, hoping that roughing i would improve my health. We hi« tied up one ni^ht at a small landing wh.>ro there Avas a tavern. "A follow who called himself tho 'bull of thtt woods,' and who luul BOV era! snifters of corn-Juice under his'belt came aboard looking for trouble. Liu coin was lying down asleep on tins sof side of a pine plank, with one brawny arm for a pillow. I was Avashlug out hickory shirt, and the intruder attiempt ed to souse my head into the bucket of j soapy Avater. j "Lincoln aAvoke and told him to let me alone, lie paid no attention to the awkward, long-legged sleeper, but picked up the pail and Jammed it. down over my head, almost) drowning me. When I got tine soap-suds out of my eyes suiiiciently to see, Lincoln had him by tho collar, was holding him so that his tots; just'- touched the deck, and Avas planting terrific kicks under his coat-tails -with Ills No. 11 cowhide boot'. . ... <•• i <• "1 visited Lincoln at the white house shortly after the milbroak of tho Vfivc- He presented me Avlth a* captain's commission, remarking: 'Th,o bviii of the-woods has broke loose

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