Morning Oregonian. (Portland, Or.) 1861-1937, November 13, 1902, Image 5

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Morning Oregonian., November 13, 1902, Page 5, Image 5

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Newspaper Page TextTHE MORNING- OREGONIAN, THURSDAY, .NOVEMBER 13, 1902. INCREASE IN GOLD Nations Have Larger Stocks Now Than a Year Ago, MINERAL OUTPUT OF THEWORLD Silver Market Han Been and Is Still Greatly Depressed Director of the Mint Snumits His Annual Report. misHTVCTnK. Nov. 12.-George E. Bobcrts. Director of the Mint, today com- " - nt I pleted his report upon ine p7": " ar the precious metals for the calendar year 1901. The final figures ior me "uim put by countries are as follows: Country United States .... liOIQ. "ouva. $ 78,666,700 J 33.128.403 10,284.800 34.593.900 24 128,500 3.145.600 Mexico Canada Africa Australasia Russia Austria-Hungary Germany Norway Sweden Italy Spain Portugal Greece Turkey Finland France -' Great Britain Argentina . Bolivia ... . Chile Ecuador PrazH Venezuela Guiana (British) Guiana (Dutch) Guiana (French) Peru Uruguay Central America Japan China Corea India (British) East Indies (British). East Indies (Dutch).. . 9.059.DW . 76.880.200 .. 22,850.900 7,829,500 94.200 1,198,000 3,113.000 99.500 32.400 450.800 . 2,136, IX 59,800 41.700 35.300 S.600 1,300 "24500 1.300 276.S00 0.000 119.600 1.067,200 110.000 2.775.400 321.200 1,771,000 405.400 2,000.000 1.329.200 31.700 ; cio.soo ,1.201.600 9,901.500 - 4.5OD.0O0 9,395.900 S61.700. 435.000 1.911.200. 2.3W 692.300 257.700 4.700 271.300 133,000 27,000 6.152.CO0 1.129.000 4.600 3,360,500 500 527.803 1.037.800 48.530 Totals .$263,374,700 ?101.S99,100 Commercial value. The total number of fine ounces of gold produced was 12.740,746, and of silver, 174. 998,573. the coining value of the latter be ing ?226.260,700. The imports and exports of the precious metals of the principal countries during the calendar year 3901 are exhibited in the subjoined table. The Information relating to foreign countries was received princi pally through representatives of the United States in those countries: Gold Imports and Exports. Gold Imports and exports were as fol lows: Country United States .. Afrioa ..' Imports. Exports. .$ 54.-761.SS0 $ 57.783.393 Austria-Hungary 35.731,855 7.585. ta3 Canada 4,o.suj Costa Rica 387.0 Denmark S0LO30 Epvpt 14.677.469 France S2.79S.15S Fed. Malay States.... 870.878 Germany 61.126.228 Great Britain '. 101.0C0.5SS India 26,957,409 Italy 914.944 Janan 5.308.563 Corea 1.290 Mexico Netherlands 4,207,059 Nicaragua - "nnrav 516.3S6 24.7H.S90 . 550.C10 11.97L274 27.985.000 S75.S52 12.278,509 67.961.962 20.666.059 2.067.640 5,770.562 2,450.737 9.593.594 691.606 455.000 Slam 2,361.450 79.700 Sweden 731.461 KrtHtoTlnnr! 13.407.332 4.009.891 Russia 4.459.685 34,870.237 J Portugal 122,387 1,353.909 The net exports of Australasian gold are estimated at $76,850,200. and of Chinese gold. $9,091,500. Silver Imports and Exports. Silver imports and exports were as fol lows: Country Imports. Exports. United States $ 31,146.782 $ 55,668.358 Africa 1,744.947 55.984 Argentina 23,995.000 98.996 Austria-Hungary 993.975 1.263.382 Bolivia 13.691.268 Canada 242,215 2,136.359 47.943 Costa Rica Denmark - Dutch Guiana Ecuador Egypt France- Fed. Malay States.. Germany Great Britain India Italy Japan Corea Mexico Netherlands Nicaragua Norway Peru Siam Sweden Switzerland Russia China Hong Kong Straits Settlements.. East Africa j Arabia Ceylon Persia Turkey Australasia- (net) 52.560 576,376 1S.8S5.433 11.063.574 4.479.737 61,141.061 39.SS5.187 1,430,707 154.255 450.557 2.279.875 ' 3.278.03S 50.000 187.264 6.7S3 762.207 83.062 8.429.956 4,818,548 4.334.047 7.623,616 13,7S7.O04 606.510 617.226 2.011.2S0 393.217 SS6.462 2S.097 50.972 27,117.335 9.432,220 6.9S1.031 58.640,532 16,549.234 1.39S.W4 L2S1.509 100.473 50,609.606 SS9.C57 50.520 '98,712 186.916 2.27S.442 1,905.930 148.310 3.747 167.333 32.227 266,805 1,154,470 236,105 6.0S9.S58 Mr. Roberts says that the annual con sumption of the precious metals Is esti mated In round numbers at $80,000,000 gold and $57,000,000 silver. Silver Market Dull. The silver market was depressed throughout the year. The highest quota tion on the London market was 29d, on January 2, and the lowest 24 15-16d, in De cember. The purchases on account of the government of India fell off heavily from the preceding year. The coinage of the Indian mints for the 11 months ending with February, 1902, was only 48, 607,600 rupees, against 150,780,754 rupees in the same month of the previous year. The demand for China also declined, owing to the retirement of most of the foreign troops called there during the Boxer troubles of 1900. While the troops were there the shipments of silver were excep tionally large, and after their retirement silver bars and Mexican dollars accumulat ed at the seaports in unusual amounts, rendering further imports for the time unnecessary. The European demand for silver for qoinage purposes is light, as the governments are pursuing the policy of supplying needs for subsidiary coins by the recolnage of full legal tender coins. About 30 per cent of the silver output of the United States is from silver ores, the remainder being reduced in conjunction with k-ad and copper. Increase in Gold Stocks. After allowing for industrial consump tion, the Increase in the gold stocks of the principal countries for the calendar year 1901 is estimated to have been approxi mately as follows: United States Austria-Hungary Belgium Great'Britain j India France Germany Italy Japan Netherlands Portugal Roumania , Sweden Switzerland $63,800,000 27.600.000 1,900.000 17,000.000 5.800.000 40.400.000 41,700,000 3,500,000 L700.000 5.600.000 2,300,000 - LSOO.OOO ...... LSOO.OOO 3.500.000 The only countries showing a loss dur ing the year are Norway, $1,600,000, and Russia, $9,700,000. WOOD IS TO BE PR03IOTED. "Will Become Major-General Along: With Wade and Sumner. WASHINGTON, Nov. 12. The slate for the promotion to Major-Generals to fill vacancies caused by retirements tnat wi.i take place next year has been arranged. There will be three vacancies. - General Hughes retiring April 11, General Davis July 26. and General Miles August S. The J latter Is Lieutenant-Generai, anu wm ne succeeded by Major-General Young. The Brigadiers to be promoted to be JMajor Generals are James F. Wade, Samuel S. Sumner and Leonard Wood. These men are now the three ranking Brigadier-Generals in the order named. General Wade has been a Brigadier-General since May, 1897, and has seen many men advanced to the higher grade, while he has remained stationary. It is pre sumed that he will succeed General Davis in command of the Philippines when the latter retires next July. It is expected that Colonel H. C. Hasbrouck, of the ar tillery, will be made a Brigadier-General and retired, and that Colonel F. Moore, of the cavalry, wjll be selected for a longer service. INDIAN EDUCATION A SUCCESS. t Kansas Graduates. Are Generally Making: Ncvr Records. WASHINGTON. Nov. 12. Superintend- ent .reairs, oi xiasKeii anaian insiuuie, in'Kansas, in his annual report, says that although at times the results of the work of education among the Indians do not satisfy the onlookers, to those who are in the work and therefore have opportuni ties to observe the gradual development of Individuals, there is more and more of encouragement and satisfaction. As proof of the permanent good re sults of training the Indians, the report says that of 95 graduates previous to the class of 1902, at least 77 are at work earn ing their own living, and in many In stances aiding needy parents or support ing in a respectable way a little family of their own. Of the 41 graduates of the class of 1902, it is stated there Is not one but that is qualified to make a record enual to the earlier graduates. The un- der-graduates are also making excellent records. The fact, however, that the nercentage of successes among under craduates is not as large as among grau- uates is cited as a strpng argument in favor of the continuation of thorough ed ucational work. There Is a constantly Increasing demand from among the Indian population of the country for enrollment at this and other schools. MINISTER HUNTER RESIGNS. Leslie Coombx Is Named to Repre sent America in Guatemala. WASHINGTON, Nov. 12. W. Godfrey Hunter has tendered his resignation as United States Minister to Guatemala. The President has accepted the resignation, and has selected Leslie Coombs, at pros ent United States pension agent at Louis ville, to succeed Dr. Hunter as Minister at Guatemala City. Dr. Hunter Is also Minister to Honduras, and ;Mr. Coombs will likewise assume that post. ur. nun ter has had a stormy career In Central America ever since he went there 1n 1S9 It is assumed that he has at last become tired of the struggle, for it has been known for some time that he contem plated resigning. The place pays $10,000 a year. BOODLER BUTLER ON STAND He Tried to Get No Laws Through Unless Directly Interested. COLUMBIA. Mo.. Nov. 12. When the trial of Colonel Ed Butler for alleged attempted bribery was resumed today, Dr. Albert Merrell. a member of the St. Louis "Board of Health, was put on the stand by the ptate. He testified that But ler had come to his house in Septem ber, 1901, previous to the approval of the garbage act by the Board of Health, and offered him $2400 to secure its passage. Dr. Merrell related two interviews had with Butler. His narrative was one of attempted bribery paralleling .tha told by Dr. Chapman yesterday, a long cross examination failed to alter a detail. Colonel Butler was put on the stand at 3:50 TV M., and was questioned for 15 minutes, during which time he denied visiting Mrs. Merrell and Chapman. He testified as to his occupation and connec tlon with the sanitary and hauling com panies. "Didn't you make your general business the passage of ordinances through the Assembly?" asked Circuit Attorney Folk. Butler's attorneys objected. -Butler half rose from his chair. "I want to answer that question Judge," he said. "If you mean to ask whether my business has been general bribery, I say emphatically no." "Not your general business, but haven' you ever endeavored to secure leglsla tlon?" "Not unless I was directly interested In the legislation." "How Interested?" "As a stockholder." After some 'testimony In rebuttal, the defense rested, and court adjourned up til tomorrow. DAILY CITY STATISTICS. Marriage Licenses. John R. Ashford.34; May Rosetta Pearce. 33. Charles T. Griffin, 22; Zadle Delia Simmons, 19. Adolph W. Hamersmlth, 3S; Lydla A. Gun ther. 28. Baebees Stevens, 40; Dorsla Cappions, 24. Arthur Blgnaml, 21; Julia Vismara, 21. Births.-. November 11, boy to the wife of D. Bays, CG4 Klrby street. , November 0, boy to the wife of V. H. Mc Cord, Portsmouth. November 7, boy to the wife of Frank Hill, 555 Raleisth street. Death. November 0. Helen E. Turnbull. 1 year 11 months S days, 390 Sacramento street; laryn: gltls. Contritions Diseases. Hugh JIacmaster, University Park; scarla tlna. Braus, University Park; diphtheria. nnildlnp Termits. J. B. Bridges, two-story dwelling, Montgom ery, betweeen Seventeenth and Chapman S2C00. Mistress Groce, two-story dwelling, Vaughn, between Blackstone and Twenty-second streets $1650. Real Estate Transfers. . P. Thompson to R. E. Menefee. lots 1, 2. 6. block 1: lots 7. S. block 15. Lincoln Park Annex $2000 Gottfried Jaster and wife to John Johnson. lots 7 to 12. block 10, Simon's Add 2300 J. H. Lalne and wife to C. L. Reames. lots 6 to 0. block ,1. Holmes' Sub.; lot 5, Glenwood Park P. H. Marlay to C. R. Donohoe, lots 5, 6. block 181. Caruthers Astoria Packing Co. to same, same E. Edmonds to G. W. Edmonds, 40 acres In sec 4. T. 1 S.. R. 2 B E. and H. Leltz to Wm. Randell. lot 23. block 10. and lot 25. block 5. Tremont Place 300 Geo. F. and C. E. Hubbard to G. J. Kauftmann, 100x130 feet In sec. 31. T. 1 N.. R. 2 E..v- 500 Ira Padrlck to Ida L. Clark, lot 7, block 17, Lincoln Park 800 W . T. uuamson ana wire to A. L. Pow ell, lot 24. Bodley'B Add Point View Real Estate Co. to W. S. Calkin, lota 9 to 12 and 23 to 20, block 4. Point View 40a Point view Keai Estate co. to Anton Ol son, lots 1 to 8 and 29, 30. block 4. Point View 500 E. H. Busnell -ana wire to Ore., av. P. & Ry. Co.. 83 rods 8 links by 44 rods. In sect. 20. 20. T. 1 S.. R. 2 E 35 31. and Tvm. vascner to ore. w. P. & 1 Ry. Co.. lot 29. DeLashmutt & Oat man's Little Homes; Sub. No. 2, being a subdivision of ec 21, T. 1 S.. R. 2 E 100 Peninsular R E. Co. to City of Portland, parcel land, blocks 65 to CS. Peninsular Add. No. 2: east of line 70 feet. "West from East line Pennsylvania ave W. J. Thomson 'and wife to E. A. Kav anauKh. lot 1. block 2. Central Albino.. D. and "W. 31. Kllllngsworth to W. J. Thomson, lot 1. block 2. Central Alblna 225 Geo. B. Lardner to M. F. Prince, lot 11, block 1C. Central Alblna 300 E. S. Lovelov and husband to N. E. Wil son, port lot 6. block 10. Central Add... 1700 bneriir, for Com. Nat. Bank et ai.. to js. C Johnson, lota 5 to 8. block 182. Port land 2000 For Guaranteed Titles See Pacific Coast Abstract. Guaranty Trust Co.. 204-5-6-7 Falllns building. FOR FLEXIBLE CURRENCY AMERICAN BANKERS' ASSOCIATION GOES OX RECORD. "Ex-ControJIcr Darren, Representative Fowler and Horace Wliite Dis cuss Financial Problems. NEW ORLEANS. Nov. 12. The second day's session of the American Bankers' Association was resumed today, after prayer by Bishop Rauxcl. John T. Ham ilton, chairman of the committee on fidel ity Insurance, took up the report of that committee, which was presented yester- day. The discussion of the currency question was then begun. Representative Charles N. Fowler spoke on assets,' cur rency and branch banking. He explained the features of his bill extempore. Rep- I resentative Fowler criticised the bankers freely, and was given an ovation when he had concluded, although more than once hen he asked If the convention did not ADDRESSES BANKERS' CONVENTION ON FINANCIAL REFORM. ' EX-CONTROLLER agree with the "doctrines he was expound ing he was answered by cries of "no." In the course of his speedh, Mr. Fowler said: "During the past five years, which has been a wonderful period in the history of the country, the balance of trade in favor of the United States has been $2,700,000,000. Add to that our production of gold of about $300,000,000 and the grand total is $3,000,000,000. Judging frqfn that we ought to have $3,000,000,000 mo;e than we had in 1S96. How much have we added? We have added just $500,000,000 as arnatter of fact. We have .approximately $1,500,000,000 of money, and have on the other side coming due in the next three or four months about $300,000,000 of obligations. Ho.w are we going to stop the gold going" to England? It is Impossible. The whole of Europe can come into our Treasury and shovel It out by the ' bucketful. Such a condition would not exist if the United States notes were re- tired, and the burden was thrown on the hanVs. Never was there a greater need than now for a financial system in this w,ot ic cimnu- n luiiim. .v, j catcn-as-catcn-can. go-ua-yuu-pieii&e sun of arrangement. The 18.000.coo people lit this country who are converting their rnrfots into S20.000.000.000 annuallv and 1 . , J; , ,1ftA scnaing exenange uuuhui.uk auuvc ic 000.OC0.O00 mark are entitled to a system of that is above the caprice of a Secretary of thi Treasury." -R-r-rnntrniiM- Tnwfs and Editor Horace , voru -pnt nicn . - auurusees. At the afternoon session J. J. bulllvan, f of Cleveland, offered the following resolu- tlon, which was adopted without objection: ' "Whereas, experience has demonstrated the inadequacy of our present currency system, and believing that the best inter ests of the country demand a flexible as well as a staoie currency, oe it "Resolved, That the American Bankers' Association recoras us unu.uauueu appruvui of the enactment of a law imparting greater degree 01 elasticity 10 our currency system, making It responsive to the de mands of the business Interests of the country. "Resolved, That we favor the appoint ment by the president of this association of a committee of five members of the as- soclation, selected with reference to their ability and high character as bankers, and and their experience In monetary affairs, and .representing different parts of the country, for the purpose of carefully .con sidering the entire subject and report to the next meeting of the association." A. J. Frame, of Milwaukee, called up his resolution, reported without action by the executive council, opposing in vigorous language the proposition for asset cur- rency and branch banking. Chairman -rn,-l r u .K.. nn,1nll onM XJlgeiUtV, Ul Lilt: c Luunui, ou.u the council had declined to act on the resolution because it did not believe It wise to place the association on record on that subject before an adequate solution had been offered. The resolution was re ferred back to the executive council by a vote of S3 to 47. Representative C. A. Pugsley, of New LYork, then delivered an address on "An Emergency Currency. The convention adjourned until 9 A. M. tomorrow. All the Important business has been concluded except the-election of 'officers. Tonight the entire convention was given a theater party at the Grand Opera. Dawes on Financial Reforms. Ex-Controller Charles G. Dawef, In dis- medicines and different doctors, but did not feel cussing "Financial Reforms," at the morn- much better. I coughed until I commenced spit ing session said: , &ng blood, but now I feel much stronger and ,T,. . . , , TT ,. . t . am entirely welL Dr. Pierce's Golden Medieal Financial reforms of the United States. Discovery is the best medicine I havcever taken, with Its vast population and diversified My home is in Williamsburg, Virginia." ofevolSloT' Dr Phac-jjt Pellets, are a la tor which in matters affecting all classes dies' laxative. No other medicine equals of the people determines the trend of them for gentleness and thoroughness. legislation In representative governments. A general public perpeption of the need ol reform in" our currency laws will lead as a rule to corrective legislation, provided our lawmakers and currency reformers will advocate practical plans which are not so radical as to be at variance with and in advance of public sentiment. - "Whatever may be our individual the cries as bankers as to branch banking and''asD2t and emergency circulation, we should view with distrust and apprehen sion as practical men the extremely rad ical and comprehensive measures suggest ed at the. present, time, covering not only asset and emergency .circulation, but branch banking and Subtreasury changes as well. The currency reformer should ask himself, what are those simple propo sitions out of all the many which havt so long been discussed which the people, not simply the bankers, can unite upon and ha-c Incorporated Info law. To fin? what is the best practicable reform. not simply which is . best theoretical ly, should be our purpose as business men. Let us take one step or we may not take any." Sneaking of the branch bank system, he said: "The tendency would be to curtail the number of small loans, where personality and character are elements in the con sideration of loan applications by the. local bairks. The Branch bank, operating under CHARLES G. DAWES. less expense thap the independent bank, can take the bulk of the deposits by offer ing a higher rate of interest to deposit ore A natural result, he said, would be the gradual extermination of small Indepen dent btrnks. He added: "Branch banking may come In times when still further the great process of in dustrial centralization and natural devel opment shall have continued, but It is not time for it now. and from the standpoln of public policy as bankers and as cltl zens, we should oppose It at the present time. 1 "What we should do now Is to consoll date our whole efforts behind some meas ure for an elastic circulation, the nied of , which we all feel." s White Talks of Asset Cnrrency. Horace White, editor of the Evenln Post, of New York, spoke on "Asset Cur rency" as follows "Let me explain what we mean by as set currency. This Is a phrase pecu Mar to our own country. Properly speak lng, all bank notes are asset currency ; since their goodness depends upon the as 1 seis 01 ti.e ispuing DanK. rnis Is true , own a"?na.- DanK notes. slnce e bonds deposited .in tne Treasury as security , foj-.them arc fleets of the issuing bank. So tne distinctive feature of ass.ct curren . cy, as we use the term, is that the bank t Itself holds all the assets on which the soouneas or tne notes depends, instead of depositing eome part of them in the United atnt TppnailPV Tho fnr w,.n a portion of them in the 'Treasury is to guard against loss through bad invest I mcnt, fraudulent management or robbery, ' "These banking risks exiit always and everywhere. Yet asset currency prevails - 4 ln all civin2Cd countries except the United . statfs and that part of Great Brltai To take cold. It's so common to neglect cold Thht is one reason why there manv rjeode Yith "deep-seated," a stubborn coughs, and so many more with lun trouble." - , The short, quick way to cure a cough is to use Dr. Pierce s ! Golden Medical Dis- cover'. The quicker this remedy is used the quicker the cure. But even when neglect has let disease fasten on the lungs, "Golden Medical Discovery" may be relied on to cure in ninety eight cases out of every nuuured. The only motive for substitution is to permit the dealer to make the little extra profit paid on the sale f t " 1? of les3 meritorious " medi cines. He gains. You lose. Therefore accent no substi tute for "Golden Medical Discovery." "I am feeling quite wcll.r writes Miss Dorcas A. Lewis, of No,, 1129 24th St.. Washington, D. C "My cou;rh in very much better,- and 1 owe It all to Dr. Pierce's Golden Medical Disctrrerj. I cannot sav too much in praise of the medicine. I had been ouite a sufferer for a loner time, and after reading Doctor Pierce's Common Sense Medical Adviser thought I would try his Golden Medical Discover'.' I commenced taldnir it la Mav, 1890. Had not been sleeping well for a long time. Tcok one teaspoonful of Dr. Pierce's Golden Medical Discovery and slept nearly all nieht without coutrhiiur. so I continued taking it. I am in great sympathy with everybody who suffers with a cough. I had been a sufferer for mnm f lion ton fo T tr?1 lnta nf niffrrtlt " nn called England. It exists in Scotland and Ireland, as well as on the Continent of Europe. Bank notes secured by asse's not under the control of the Issuing bank are the very rare exception , to a general rule. Mr. White devoted much of his address to an explanation of the Fowler bill, em bodying the principle of asset currency which was before Congress last Winter. 'Asset currency," said Mr. v White, ought to be better than Government notes, because the assets .of the banks consist of the circulating properties of the country. If these assets are not good, nothing Is good. If they were not good, the Government could not long ex ist. The assets of the bank ;,are partly casA.ai?2 partly almS UP.n the ?,r,?dU,CfI.3 i and "holders of the country's wealth of ev ery description. The Government has nothing but the right to tax. and this is effectual only ln so far as the producing power of the country ln which the capital and dppcslts of the banks are invested 13 profitably employed. "One feature of the Indianapolis plan 01 asset? currency which has not attracted the attention that It deserves, provides that- the Government shall hold a 5 per cent redemption fund for all bank notes as now: also a 5 per cent guarantee fund. with the power to replenish it by taxation when needful: also a paramount lien on the assets of failed banks and on the shareholder's liability for the redemption of the notes of such banks. Having sup plied the Government in this way with the means for redemption ot bank notes, it provides that the Treasury shall receive at par all such notes ln payments to itself except for duties on imports, and that it shall not pay them to its own creditors without their consent. Under this plan, therefore, the noteholder can lose nothing because he can use the notes In payment to the Government, and the Government cannot lose, because it is armed with the power to recoup Itself. "It behooves the bankers of this country and the legislative bodies of the country to prepare such an emergency currency as will take the place of clearing-house certificates and relieve the distress which attends not .only a great panic, but that results from a demand for additional cir culation in the moving, of the crops and the undue contraction of the currency re sulting from the accumulations from cusl toms deposited in the United States Treas ury, which occur almost periodically each year. "Various plans have TDeen evolved for the reform of the monetary system, and a number of bills have been introduced ln Congress during recent years for the pur pose of giving greater elasticity to the currency. . "I do not believe .the American people aTe yet ready for an asset currency, pure and simple, or for such a radical depar ture In our currency system as Is pro vlded for in the Fowler bill. I believe, however, that an emergency currency en- prove beneficial,, and would also test the ! tor -wwu- uwing to tne small per cap working of an asset currency, to which i lta V exacted by the National body the we may have to come when the Govern ment bonds are no longer available as se curity. Such an emergency circulation. I believe, might be had, if the pre?ent law should be amended so as to permit all National banks holding Government bonds as security for circulation to issue 10 per cent additional currency on. the amount of bonds deposited with the Secretary of the Treasury, the same to be taxed at the rate of 5 per cent per annum, and also providing that all banks having a suVplus fund equal to 20' per cent of their capital should be authorized to issue 10 per cent of assets currency, to be secured by ap proved bonds or by bills receivable spe cifically set apart for that purpose, as in the Bank of France." Cereal Workers' Strike. CHICAGO, Nov. 12. Over 300 employes of the Ellsworth & Co. cereal plant struck today and business is practically at a standstill. Later the strikers held a meeting and formed the Cereal Workers Union, and It Is asserted the strike will spread to other cereal concerns unless thplr demands are granted. The majority of- the workers are girls, and they have been receiving pay on the piece-work plan, and under this arrangement the weekly wage ranged from $6 to $15. They now demand a straight wage of ?1 25 as a minimum wage for day work, and $1 50 for night work. "Mark Twain'" Wife 111. NEW YORK, Nov. 12. Samuel L. Clemens (Mark Twain) has been obliged to cancel all his engagements for the time being, on account of the Illness of his wife at Rlvcrslde-on-the-Hudson. Mrs. Clemens, before her marriage In 1SC9, was Miss Olivia, daughter of Jarvis Lang don, of Elmlra. Sie Is CO years old. Illinois Merchant Bnnkrnpt. CHICAGO, Nov. 12. John W. Young, a hardware merchant of New Bedford, 111., was declared a voluntary bankrupt today and a receiver was appointed. Liabilities are scheduled at $50,910, mostly unsecured; assets. Jf,9.9.sf. chlpflv merchandise. One may sail the seas and visit every land and everywhere will find, that men of affairs, who are well Informed, have neither the time nor the Inclination, whether on pleasure bent or business, to use those medicines which cause excessive pnrgation anil then leave the internal organs In a constipated condition. Syrup of Figs Is not built on those lines. It acts naturally, acts effectively, cleanses, sweetens nnd strengthens the Internal organs and leaves them in a healthy condition. If In need of a laxative remedy the most excellent Is Syrup of Figs, but when anything more than a laxative Is required the safe and scientific plan is to consult a competent physician and not to resort to those medicines which claim to cure all manner of diseases. The California Fig Syrup Co. was the first to manufacture a laxative remedy which would give satisfaction to all; a laxative which physicians could sanction and one friend recommend to another ; bo that today its sales probably exceed all other laxatives combined. In some places considerable quantities of old-time cathartics and modern Imitations are still sold, hut with the general diffusion of knowledge, as to the best medicinal agents, Syrap of Figs has come Into general use with the well-informed, because it Is a remedy of known value and ever beneficial action. The quality of Syrup of Figs is due not pnlyto the excellent combination of the laxative and carminative principles of plants, known to act most hcneflcially on the system, with agreeable and refreshing aromatic liquids, but also to the orginal method of manufacture. In order to get the genuine and its beneficial effects one should always note the full name of the Company California Fig Syrup Co. printed on the front of every package. NATIONAL GRANGE MEETS ANNUAL SESSION OPENS WITH A LARGE ATTENDANCE. PreHident Jones Tells the Farmers How to Malce More Money Re-' 1 ports Show Prosperity. LANSING, Mich., Nov. 12. The annual here today, with delegates from 26 states in attendance. Grand Alaster Aaron Jones, in his annual address, congratulat ed the order on its wonderful prosperity during the past year. An Important part of the work of the order, he declared, was to make the farming industry more Im portant and profitable, and he expressed the opinion that the cost of production can be reduced 10 to 25 per cent, and the aggregate production of the farms of the United States increased 50 to 100 per cent by the adoption of the best methods. The causes of present unsatisfactory condi tions were said to be many, and Grand Master Jones enumerated successive charges and discriminations in transporta tion, exorbitant storage charges, large commission shortage, unequal taxation, local and National dealings in options on boards, of trade, trusts, adulteration of food products, and official oppressive se verity. Farmers were advised to provide for the sale of their products ln such a manner as T.ill secure to them what justly belongs to them, and to this end Master Jones recommended that the farmer should ne;er lose control of his property until It is needed for consumption. The following recommendations In the line of National legislation were made: "The extension of free rural mall deliv ery: postal savings banks; election of United States Senators by the people; a Constitutional amendment giving Con gress power to regulate and control trusts and other combinations: enlargement of the power of" the Interstate Commerce Commission; regulation of the use of shoddy: pure-food laws; provision for the extension of markets for products equally with manufactured articles; enactment of an anti-trust law clearly defining what acts on the part of any corporation would be detrimental to public welfare: speedy construction of the Nicaragua Canal by the United States, and speedy construc tion of a ship canal connecting the Mis sissippi with the Great Lakes. The report ot Secretary Thrimble shows that last year 256 Granges were or-1 ganlzed. Michigan' leading with 90. and , 94 Granges were reorganized. For the last quarter, ivew xotk paid per capita tax' uu incmutio, .u-i"bjn i ! receipts amount to Dut. w. ana it is probable thab . within the next vyear a movement will be started to increase the tax so as to permit of more extensive work being done. This evening a public reception was held ,,, ,v, Tji, v t-, ' . .... in the Hall of Representatives, where the clal welcome-by Governor Bliss, Worthy Master Norton, for the Michigan Granges, and Mayor Hammell, on behalf of the citizens of Lansing. Methortiftt MInKionary Conference. ALBANY, N. Y., Nov. 12. The general missionary . conference of the Methodist Episcopal church began ln this city to day, with nearly all of the bishops of the church and delegates from every confer ence, district In attendance. It was decided this afternoon that the money at the disposal of the conference for missionary purposes should be appor tioned during the coming year at the ra tio of 57i per cent for foreign mission and i2t per cent for home missions. Feneration of Chrlatinn Workers. ALBANY, N. Y.,.Nov. 12. At the meet ing of the Federation of Churches and Christian Workers today, the question of a world-wide federation of all denomina tions was said- by Rev. E. B. Sanford, National field secretary, to be one that should have the, undivided attention of all Christian workers. A general discus sion followed, after which reports were presented frdm. various local organiza- tlons. Daughter. of Confederacy. NEW ORLEANS, Nov. 12. The ninth annual convention of the Daughters of the Confederacy began here today with delegates from 20 stat.es- and their lady friends and Veterans of Confederacy present. General Francis T. Nichols and other distinguished visitors occupied seats on the platform. Mrs. II. A. Rounsville,' president of the Daughters, presided. France Alarmed. PARIS, No.v. 12. Eugene Ellenne, mem- V 3 VERY EASY TO BUY And Esy to Sell Pianos on the Club Plan. - Everybody Joining the Clubs at tilers Piano House. No Time to Hesitate Now. One Club Already Full and Another One Well Up In Numbers. The Way They are Going Now, the Limit Will Soon Be Reached. "We anticipated success when we inaug urated our piano club .organization. We knew It was too good a-thing for the peo ple, und we knew they would auickly recognize It. But that we should meet with such a phenomenal rush is a surprise that taxes our salespeople and drays to the limit. A sale we expected to last well up to Thanksgiving now bids fair-to close within the next two weeks. There are only four hundred pianos included ln the club plan, and one of the clubs was com plete in less than ten days after the open ing announcement. Yesterday, among our joiners was Mr. J. M. N.'ckum. of Sellwood, who took a superb Chlckerlng; Captain Albert Crowe, whose little daughter has circled the globe nine Mmes, who chose a handsome San Domingo mahogany Weber, and' Mr. W. J. Hill, .who also showed his good judgment by selecting a very fancy mahogany (the famous Style IS) Weber. Eight other in struments were sold In the city, and a number outside. THE PIANOS: The pianos we are selling are the Kim ball, the Weber. Chlckerlng. Decker. Doll Vose, Lester, Hobart M. Cable, Haddort and many other handsome standard makes. The Plan of Selling Them Is Thls: We give to a "hundred buyers the same price we would give to wholesale buyers, and the instrument Is delivered immedi ately upon your making your choice, with out any fuss or ceremony. The cash pay ments are all small, and the Installments, which can be made either weekly 01 monthly, are extremely moderate. Payments as little as $5.00 down and weekly installments of 51.25 secure one ot our fine pianos in. Club "A" tp you at the SSX1,1? JuruaJPdth0s?.Jo,nlng,ial,ib bailments of ?2. Larger payments may be made, of course.- and those paying cash THE ORGAN CLUBS There are aIso two organ clubg nmlted to but 100 members each, I Club "OA" members secure a' fine new organ by paying $3.00 down and weekly I payments of 60 cents. j A'n' 1 and .then 51.00 weekly. These small pay- j mens secure to yoyu the finest oran3 made, fully warranted by the manufac turer, ana areo Dy mis wouse. If you are thinking of joining you had better take the matter up without delay. We cannot promise you this opportunity a great while longer. Ellers Piano House, 351 Washington street. Other stores at San Francisco, Sacra mento and Spokane. ber of the Chamber of Deputies, speaking at a banquet at the Union Coloniale this evening declared that the forming and operation of the International Mercantile Marine Company very gravely threatened French commerce, especially France's trade with her colones. He said the best means of meeting this danger was to abolinh the thousand and one formalities at present fettering France's exterior trade, and follow the example of Great Britain as amplified ln the case of the Cunard Steamship Company and subsidize the Campagnie Generale Trans-Atlantique sufficiently to enable' it to meet success fully the competition of the Morgan steamship combine. Dnnlnh Conce.inlon to Americans. ST THOMAS D W. T.. TMo' 12. Thn ! Danish government has granted permis sion to the American-Hawaiian Company to build a fuel oil depot here. Sculptor Mohray Found Dead. TORONTO, Ont., Nov. 12. Thomas W. Mobray, the sculptor, was today found dead In his bed of heart disease. BUSINESS ITEMS. If Baby In Cnttinff Teeth, Be sure and use that old and well-tried remedy, Mrs. Wlnslow's Soothlns Syrup, for chlldrea teething. It soothes the child, softens the gums, allays all pain, cures wind colic and diarrhoea. V Y 111