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About The daily morning Astorian. (Astoria, Or.) 1883-1899 | View Entire Issue (Aug. 2, 1893)
'0 X". r? 1 - f-:--t ... d ".i e : -mi ' - t 1 EXCLUSIVE TELEGRAPHIC PRESS REPORT. ASTORIA, OREGON, WEDNESDAY' MORNING, AUGUST 181)3. PRICE, FIVE CENTS, VOL. XL. NO. 175. S2tt PEMIC USSai ASSSCLUKS i Ml 7 VJ. Xhlil LI I - " - " - ' ' ' ' ' ' . ' ' 1 : : : : : : - , . ' : ,'..."' . '. - . tic. 1' 'y Has '' . Fired into Cooper's Mm TIig IB fisan IF fr First Class Goods 5 The Greatest Reduction Sale ' Ever Known in Astoria. Positi?ely, You WiU Get Bargains. No Humbug. At the Midsummer Sale now in Progress. n U u a The Leading- Merchant A. Struck the Town. knocked ottomout of "' ' Li' () Q) ' uU n pi r Hi 111 1 of Astoria. aughtered BIMETALLISTS IS COSVENTIOff Cteo Welcome's a Great Asscmhly or Tbem Yesterflay. Ml YOB HABBIS01T3 ADDRESS The Single Standard Dononnead In Vigor- una Language Tba Act of 1873 thur acterUad aa a Crime. Associated Press. " Chicago, August 1 The national con venMon of the American Bimetallic League met at 10 o'clock this morning in tha First Methodist church auditorium- It was the largest assembly of a like character in the history of financial agitation.. Mayor Carter H Harrison welcomed the delegate to the city. In hl address Mayor Harrison said: "It is said that you are sliver lunatics I am rather g)ad to welcome such lu natics. It Is cray men, that march the world forward and make progress a possibility If the action of 1873 were blotted from the annals of American political action. I believe that silver would be worth 129 cents an ounce." Hon, The. Patterson, Chairman of the Colorado delegation, responded to the mayor. Chairman Warner, of the Bimetallic League, then delfvered his opening address. Warner said that to attribute the present widespread fear and distress to the silver purchasing law Is absurd The real object lesson of the situation Ib very different from that which the gold conspirators contend. It enables us to see the beginning of a shrinkage in prices that must take place. In order ta go to a purely gold basis. The trou bla Is in the change in the money standard- The establishment of a sin gle gold standard is equivalent to put ting the value of two dollars Into one." H characterized the silver act of 1873 as a crime, and said he was willing to let both-the Sherman law go to gether and ' place the country Uuik upon the constitution and the law as It stood before 1873. After the transaction of routine busi ness the. permanent chairman, Mr Thurman, was escorted to his seat amid great applause, and delivered an address. He sold In part: , "Should the Sherman law be repealed without any substitute in lieu thereof, It means the final destruction of sli ver as a measure of value. The is sue resolves Itself down to a question whether the paper money of the coun try Is to be tesued by banking corpo rations upon the debts of the people or other kinds of corporate securities, or whether It is . to rest upon the broad and safe basis upon which the amount of circulating medium required by the people of this country can safe ly rest. ( A CRUSHING BLOW AT SILVER. Chicago, August 1 A Washington special says; Silver Is likely to receive anothen blow before long, severer than that of the closing of the Indian mints to silver coinage. Information is re celved from confidential sources that the dissolution of the Latin Union Is threatened- DOWNED BT PORK- Chicago, August 1. The big deal in ponk, which has held the prices of that commodity at Inordinately high prices for months, collapsed this morning, ac companied by the announcement of the failure of three leading houses con cerned in it J. G. Stever, E. W. Bai ley and A. C. Helmholt. Chicago August 1, 1 p. m. Just a" matters had setltled down on the' board a series of thunderclaps fairly shook the buildings- The failures of the Am erican packing and ProvlHlon Co., and of Jack Cudahy, a daring operator in products, and of Wright & Haunchey, heavy receivers and dealer In grain, were announced, and created the ut most consternation, and prices began to tumble all oven the floor of the ex change. It Is Impossible yet to say how much Is Involved, but Cudahy was a very lare dealer with a quarter of a mil lion capital. It Is probable the failure will be a heavy ones COLORADO MINING TROUBLES. Denver, August 1 A report from the small mining town of Como. Col., says the white miners, last night, burned the Chinese headquarters and six or eight Chinamen are supposed to have perished In the flame". The trouble was caused by the Chinese miners re ducing wage In the gold .mines near that town. GOLD COMINO THIS WAT- New York. August 1 The news that a large amount of gold is on Us way from Europe created a better .feeling this morning. It Is etttimateil that the total ship ment of erold from London and the con tinent,ta this city for the week will reach nearly JS.000.000. There are few defaulters of importance In paying in terest- Among ithe railroads, the Se attle, Lake Shore and Eastern, which Is In litigation, failed to pay $103,000 lnteiiest- A quieter feeling prevailed among the savings banks, and the sltua Uon showed a,, marked improvement GRAIN GAMBLERS RESPONSIBLE Fostorla, Ohio, August 1 A large number of farmers of this vicinity are feeding wheatto hogs in preference j,o selling it at the . present -low price. With the price of hogs ruling as at present they can realize a dollar pt'r bushel for wheat by feeding It to the hogs. PHILADELPHIA PACKERS FAIL. Philadelphia, August 1 A receiver has been appointed for the Philadel phia Packing and Provision company. No statement has teen made, but the failure is a large one. FAILURE IN MINNESOTA. St. Paul. August 1 The Seven Cor ners State Bank, with a capital of $100, 000, failed this afternoon. WILL NOT OBEY ORDERS. Minneapolis, August 1 The Journal prints an article this . afternoon In which It asserts that as a result of Archbishop Corrigan's repeated refusal to obey the orders of the papal able gate, SatolH. the latter - will go . to Rome and lay the matter before the Pope with recommendations that a coadjutor be appointed to assist the archbishop of New York. This would mean the virtual removal of .Corrlgnn from the active ' management of the affairs of his arch-dlocese and the Journal hints that if such action is taken by the . Holy See, Archbishop Ireland may be the coadjutor. , WHY EDISON SHUT DOWN. Orange, N- Y-, August 1. The shut down at the Edison Phonograph Works is partial. Edison today issued the following statement: "The Phono graph Works are shut down because we have nearly completed all orders on hand, and because the proprietor, seeing that . the ' country had resolved Itself Into a national lunatic asylum, has decided to wait until the wave sub sided somewhat." FIGHTING-IN SOUTH AMERICA London, August, 1 'A dispatch from Buenes Ayres says the revolution con tinues in the provinces of Buenes Ayres, and Sn Louis Santa Fe. the In surgent having taken many towns. There is much anxiety also as ihe re sult of the conflict that has taken place at La piatto, in which about 4.000 men were engaged. The city of Santa Fe Is besclged. SALE OF RAILROAD 1!0(NI)S. Tacoma, Wash-, August 1 The Ta coma, Lake Park and .Columbia Rail way today received news from the East that $500,000 worth of bonds had been floated in the Ea?t. The first install ment will be here shortly, and the Hno will be extended to the Columbia river and Eastern Washington via Cowlitz Pass. Engineers will be put In the field Immediately. THENATIONAL DEBT. Washington, August 1. The debt statement Issued tills evening shows a net increase In the public debt, less cash in the treasury during July, of $4,264,013. The cash in tho treasury has decreased $4,S74, 722. Total debt. $001, 121; 01G. Totai cash In the treasury, $732,841,707. Gold reserve, $1)9.202.003. FRANCE HAS HER OWN WAY. Paris, August 1 The Siamese minis ter, informed the government today that Slam is prepared to give the sup plementary guarantee required by France for the fulfillment of the terms of the ultimatum peudli'ir a fi"al et tlomenU of the questions Involved. The blockado Is still In force. ENTERED TUB MEN AM. Bangkok, August l.-Th. 'English and German gunboats entered the Mer nam river today and cam to anchor off the city. By. becoming a member of Hill's Lot Ciubs you can get a first-clas3 lot in Ell's Krsi fLdlition to Astoria. Lots vill bo (biivorcd weekly. How is tbc (" time to procure a lot to build a home, for v II THE WORLD OF FINANCE New York Banks Contcmplatina: an . Important TO INCREASE THEIR OIBOUl-ATION The Low l'rlca of Government Itnndi Bug gents a Way !r Whlfili the Mono Strin gency Oan Be Relieved. Associated Press. ;,' New York, August 1. A new and unexpected element of relief has 4 been Injected Into the financial situ ation. United States bonds have reached such a low figure that natlijnal banks ; see their way clear to make a profit by Issuing circulation against them. Ar rangements have therefore been made by several of the more prominent banks to increase their circulation from the minimum limits at which it now stands to such an amount as will materially relieve the present tentlon. It 1 estimated eight or ten millions of dol-; lars will be so added to New York's supply within a very short time. Or ders have already been placed with the comptroller of the currency for some of the new bills, and some bank" have bought bonds preparatory to deposit ing them In Washington. Harvey Fish & Sons, who made a speciality of government bonds, today sent a circular to national bank of ficers urging the importance .of en larging circulation. They said: "there is room for over $40,000,000, provided bonds can be secured for deposit. The banks can perform a service by in creasing circulation, and will receive a reward In the shape of htrge profits. Bank currency is the best which the country dan have, because It expand" when needed and contracts when not needed, Instead of, in the latter cae, remaining in circulation to Induce fool ish speculations, which hastens and In tensifies panics such as we are now passing through." , CALIFORNIA. STAGE ROBBERY. Holllster, Cal., Auauat t. Tho ir.all stago running between San Benito ond' Hernandez Valley was held up u"d robbed yesterday afternoon by three armed men. Al Leonard, the driver, followed the robbers and overtook them, but was covered with revolvers and forced, to retreat. Sheriff Hol brook Is now in pursuit- The boi4y secured is not known. CASE FOR JUDGE LYNCH. Galveston, Tefl Auwut 1',. NVr Montgomery thie negriK-s attacked tho house of M. Marshal, killing him, ravishing his wife, murdered an In fant and cut the toungue out of a sev en year old child. "H" wife is dying. Ono of the negroes was caught and lynched. The sheriff and a posse ore searching for the others. NEUTRAL ZONE . ESTABLISHED. London, August 1. In the house of lords today, Lord Boselerry read tho supplementary ultimatum sent by the French to Slam and accepted by the latter country. He added: "We have signed an agreement in Paris establish a neutral zone In Indo China." THE DATE NOT FIXED. Washington. August 1 Members of the house now In Washington are still in the dark as to the date of the demo cratlc house caucus necessary to per feet a scheme o forganlzatlon. The lists at the house postofflce show very few new arrivals. ARREST OF A SMUGGLER. San Francisco, August -1 M. Caro, one of the customs Officials of Port luml, Or., against whom an indictment was brought by the grand Jury chnr,; lng him with complicity In snuiRKUng Chinese, was arrested in this city this evening and U In charge of a United States marshal. ' yX v H n I J if i