XE
j tiik 1-rori.n.n rat-.
THE BROAD-AXE, J
! ! te tha Ijulek K(r 1
THE BROAD-AXE,
Maw I tka LIm Starr Tlaae.
"IIKW TO THK LINK LET THK (TIM'S Mi l. WIIHiK THKY MAY."
vol. :,.
KIKjKNK. LANK COUNTY. OKKCJON. THURSDAY, APIIIL 30..18.WJ.
NO. 7.
I'II"H Sf-lnsAI. CAKKH.
Il. I.. 1). Mi K'NNLY
I'hyskim aiul Suri'im,
III la aiavlal attric.,i, In all ilin nlr dl
Saaaaaml Inula M r iall) U' Ma 'i,ullal I. laml.
limnrr II )f ilril(ali)
Y KIIYkl.MiAl M. I).
and Surfon.
Saial attrntluii luruiivry ajti anrglraldl.
usi-e lu lirLmaii k.
I Kit
311. VI. II, i YOUMi
,Atltiiik'ys-at-Liv
om.a mat rit.i Nailuual Hank
ly(.., 1
- i
1: h. skirwokiH
"Attorncv-at-Liw
Will tit (ttitrral ! j.iat-ilc lu til thrcourft
f lb uir.
V I S4.HIVI.ftT
JINM.Y & MAKM I.Y
Attorneys at L
1 ( owmrirla' tut! j . U Liulii
t lTl.c I 1 tirlimaii tl-
JL ! NollTON
LAWYliK
aaaflalt).
K.uii I ami ,
l-TPf fir! SaVlllitMal I
11k
J.
A WIS
Attfiiiu-y at Lv... Notary
1 m. it. kt.-t
utig tiiilulinS. up alalia
at grmm, n.ag.a.
MONEY TO LOAN!
ON IMPROVED FARMS
I -h . ft K tr t rH ,
SIIIRWOOD UL'RK. Eugene. Or
. WANTt-D INIOEi:.!
ht ran think il
mt lmjif thing in
th-? ma v hr-tia
MIS Url'hKKHI'KN
Haaltlugiou. I. C lor
4 i I'-. t Ai'ortwt
SEE THE NEW STOCK.....
-OK-
AT
DAY &' HENDERSON'S.
Yonr Attention is Called lo
-
OK -
READY MADE CLOTHING.
We are also pmparl lo 'take rotir measure for a Pull
fit guaranteed. HKK OI K I.AROK LINK
HOWE & RICE - - - -
Special Call for a Fmrs' f.tatii
There liar been rumor recently set afloat that certain transac
tion have taken place, which vaiy much effects Ih whole (arming
com in unity of lne cniintv, ami aa a re alt a haatv Investigation ol
the same was ma la by a Committee nl One Hundred Farmer on last
HattttUy, and to starling maa the effect of their work, that they deem
It but prooer that a public meeting of all the Farmer ol Lan county
ahonld be called to assemble at W. fANIK.RS' (More in Karens at
Ih earliest poml hi dsfte, to t onflrm th (act, that he is telling hi
entire stock nl Clothing, Boots, Hhues ami lry Good cheaper than
any merchant In Kagene, ami the Farmers of Lane county should
taks aJvantag wl the same while the opportunity is offered. 11 19.
"The Committe
AV. 8ANDBR0.
Thrti Doors North or Hilmu Hoou, Wllliaotto Slroot
CHICAGO' BAKERY
RE8TAURANT
Wlllim.tu SI , kl. 7tl lid lib. lufint, Or.
All Kind of Breed. Cake. Plat. tic.
Always on Hand.
MeaU from 16 to 26 rnta. I cant
1 until counter in connection.
q
Ordere raceite prompt attention
I lit patronage 01 the public I
Inlly n.licitod.
-W.-O; ZEIGLERr
Willamette Market.
C I. TOUIG, PfiOP.
, A full .upfily n rtrnthtiig that kri In
(I'tll M MiaMUhmrut ki .r, w
Mutton, Port aiMl Vral. btrh will aiu
low Uu b flnrilvd lu Ilia taJUf.
FARMERS AND STOCKMEN
lla.tiit la" alHa. II. an. I HI.ki. ( aala wl I
ti.i van Vf r.H.aul.lna ua iahr aalllnf .
Mhnu tu ttlllamalM. atrta'
r.aale, t.rrauti
rlliira
MaU tfcllTia1 to aur
lan o iba
. ...EtJGENE. ...
Loan and Sayings Bank
.. . w ilKtM n
H II PilNC
r. w. uaauKti
OMKOOM.
r-rat.l Irnl
X Ua l"ivl.!, ul
t aabUr
all iiim
llllkl'TIIKI:
l. A.
i. V..
W. K
J. B. Ham..
It. I). I nn..
J. V. Kubiiraos. .
iHtvia, ,
, Hrown,
K. W. (Hibtirn.
PAID UP CAPITAL. $60,000.00
A (ianrral lUliking Iiuiinraa Trant
rlri. Intt-rant alUxaO on tuna ila
laHiila. 1 1 if lira t Caah It at. I'aiJ lor
i'-ity and lUiaai Warratin.
Chairs and Rugs
Undertakers and
Upholstery Goods....
Onr Large and Complete ' Line
mad to order.
OK BAMl'l.KS.
A perfect
PROPRIETORS
of One Hundred"
Irim, Ortoi
MONETARY SCIENCE
r
j .
An Error Both Common and
' , , MUlcfading.
HI HIMCS8 DOK Wl TIIOtT MOSEY
Tha Rrrvr Mat OalMt WMa Arcaat
aaaa aaaa .'raiaMHlgataa ay
Wlitara ar Baalaaaea.
hj A. J Waiuar
II la doubtful If thnra la any error
pertaining to muuatary Kilenoa that U
al ouoa au oomtnun and ao mlaleadlnff
lalouoa
nlnittj-B'a per cent of tba bul
thla etmntry, or of any otber
oonntry, ta dune without the nae of
inuney at all.
Tbta error baa" gained wide aoorpt
anos becaoae tt baa beeu promulgated
by writer of eminence, both in lb la
aud otber oonntriea. For Inatauoe,
frofeeaor Taoaalg, of Harrard College,
haa aatd that the boaineaa done by
oredit deYioee waa probably thirty
limHi that dona by money, and ao emi
nent an authority aa McLrod baa aaid
that ninety-nine per cent of the boai
neaa of England ia done without
money. ...
The impreeaion apparently intended
to be conveyed by aoob elatementa la
that aa ao large a part of all the boai
neaa la dune with credit deYioee and
without money, that money, after all,
ia of little Import cue in the trade of
the world. And it may be aaked if
ninety. fire or ninety-nine per oen' of
the boaineaa of the world, can be done
wllhool money, wby the other 0t, or
one per cent, cannot be done without
money also, and tboa do away with the
a mi of mouey altogether?
In the Brat plaoa aocb etatementf are
without any foandatlon in fact, and it
la aatouiahing that they aboold be
madq by aoch writer aa Taoaalg and
McLnod.
Fortunately, however, we have ap-
proiimately exact data for determin
ing, within cloae limit, the true pro
portion of all tranaactioua done in thia
country with credit and with money,
snd also tbe close and necessary vela
lion between money and that form of
credit by which trsde is carried on and j
transactioua closed. ;
Tbe total volom of money in circa-'
lation in tbe United B tales, October 1, :
1895. as ststed in the treasurer's re- i
port for that date, was I.6H6,6W3.60. ,
While tbe writer believes thia to be an
overestimate, especially a to gold, it
msy be accepted for tbe purpose of this
paper as sobstantiallv correct, or, for
convenience of round number.. let it be
taken aa 1. 660,000.000. The total
deposits in 9.816 banks of all kinds in
the United tUte June 80, 1896. wss
14.900,440,670; of these deposits. 55'J.
SA3.398 ws money, the rest being
bauk credits. , That ia. Ihe I&61.S6S,
398 of actual money was expanded by
the addition of bank credits, duue by
writing oredita in the books of custom
er of the banks, to 14.900.440,970.
Again, fur convenience of round
numbers, we will make the deposits
14,900,000,000, and the cssh reserve,
1550,000,000. But a w have count
ed the I560.u00.000 ouoe, a part of the
money volume of $1,660,000,0007 and
gain aa depoaita, we matt.- dedoot it
from the depoaita in order to get at the
true proportion of work dun by money
and bank oredita.
Let it be understood at this point
that by one of these two agencies, ao
tusl money and bank credit in tbe
form of deposit (object to
transaction of every nature are liqui
dated. There is nothing outside.
Checks and draft are not money, but
they sr order to pay money, or to
transfer depoaita and thereby to, close
transactions. Check and draft make
possible onr modern system of bauk
oredita, which ao largely take the place
of the old bank note. "
W have, then, a tne true volume
of money and credit, by mean
which all commercial transaction
oarried on, and all money obligationa
of every description, liquidated aotual
money,- l,6o0,000,000. bank oredita
14.860,000.000, or a total of 15,900.
000.000. The per cent of each being
aotual money, twenty-sight per cent;
bank oredita, aevanty two per cent.
If bank credit and money each per
form th tarn amount of work, dollar
for dollar, we would have in these per
centage th tros proportion of work
don by each, ani in that event, in
stead of the proprtion don bf credit in
thi oonntry being ninety five or
niuety-nin per cent of th whole, it
would be only 71 per cent But it can
not b claimed, or if olalmed cannot be
maintained for a moment, that bank
oredita are a efflolenl or do th aam
work, dollar for dollar,' a aotnal
money. Tb money pari of th sntirs
vol am of credit and money i never
extinguished, and that part of it ont
aids of th bank snd In h hand of
th people i passing oonatantly op and
down th oonntry doing th vsry day
work of trade II pay th wage of
labor, and, is s large measure, for the
transportation of passenger and freight
on railway and stsambosta; doe moat
of th retail trad and work oonatant
ly, whll bank credit mut b recreat
ed by new deposits. Moreover, con-
Idersbl part of th depoaita included
In th sbovs are not anbjeot to check
without notice, and consequently ire
rsinar invssunsnts inaa money of any
sins.
When, therefore, th relative ffl
olanoy of money snd bank oredita are
taken Into account, a thsy mast be, it
la noobtlul 11 vea orty per oeot of th
traussotions of thi oosntry ar money
by bans oredita.
Ia Franc not thirty per cent la dona
b? bank credit, la England a larger
part 01 an transaction ar don by
mean of bank credit than la anyothet
.
oonntry
But. If
fifty per seat or va
more'
than that, of tb hnaiuew of tlu.
oouu-'
try ia dona by mean of bank credit, I
It doe not follow that Uitire 1 not a '
oload and neoeiaar rolntion between i
the vol otna of bank ciediu and the re-1
eerve of oaeh npon which it rtiat. '
The tout caah reaerre nn wbicb the !
14,100,000,000 of dYpo.lL U bated, ia
650,OO.OO0. In Otber wgrla, thia ia
all the oaab tb bank had on the date
named, with which to pay the i.W00,
000,000 entered on the Inoki of drpoait
ore. It la plain thai If at any time jlhe
whole $560,000,000 abooM be drawn
out, the entire fabric of bank cred.
lu would, for the time being,, be
eitingaiehed; for there would be noth
ing to paycheck with. Iu4d, in ihe
panio of 1818, the lawful money re
eerte of tb 6ok went down to
f 219.14, 860, and Bone of the great
metropolitan bank would or could pay
on anybody' check any cnuaiderable
ami in oaab.
To have kept the propr 'proportion
between oaab reserve and depueiu, tbe
depoaita onght to have been cut down
to t3. 600,000,000, Which waa impoa
aible by any prooeaa. To have aaridvo-
ly called on depositor iadebted to the
banka for W-n per cent of the amount
required to restore thia proportion
tBTfinlif have nradnoad buiikrutitA Iit tha
V...n.n.t 1
It it right here, lo thia relation of
bank credit to actual money that ih
inaubllity o4ibeCTdit yatm Ilea.
It ia bere that sits, tmniaa begio.
Franoe never ha each J)
:nrc7lcausrJ
the proportion of money to bank credit
ia ao large that there U nevr any dan
ger of a ooltapee of credit.
Who can doubt, if in our ayitein
bank credit were reduce-1 by aay,
1500,000,000, and tba money part of
tbe entire volume of money and credit,
increaaed by 600,000,000, but that
the ayatem would be txr ufer. Indeed,
we never will have Mable mouey yi
lem nulil some method ia deviaed for
enlarging, on tbe one baud, the pro
portion of actual money and on tbe
other restricting tbe proportion of pore
orediL Certainly, it would not be
deemed aafe for a mututnt to increase
the proportion of credit without regard
to lawful money reserve, and bene a 1
cert in deBulte relation must be pre
served between money ud credit de
vice whloh take the place of, or sup-
ptemeot, money. There moat, then.
be some recognised proportion between
primsry money, or Biucy of nlti-
mate redemption, aud forms of money
msde dependent for redemption on the
vo.ome of primary money, and some
aafe proportion between lawful money
of all kinds and bank credits.
When, therefore, t
primsry money.
tb foundation of
11 contracted.
safety require fh,
tuoture of none;
snare super-
fbsnk credits
based opou It shoo
redoced in tb
proportion necessary to maintain tbe
prt-viou relation of one to the other,
lbalis. it with 1500,000,000 of pri
msry money, f 1.000.000,000 of other
money and 1. 000,000,000 of
bank '
credits, be denned a aafe prpoition,
then, if for the ssnni population, the
primary money be oontractnd to 400,
000,000, in order to maintain the asm
aafe relation, tbe otker money should
be reduced to Su0, 000,000 aud bank
credit to $3,300,000,000 which would
be an enormous contraction and would
end pi ice rapidly down.
Contraction of thi kind .and even
much greater have taken place in this
owuturr at different periods involving
the loss of millions and the ruin of
thoosands. '
If the entire vulumu of currency con
sisted of primary money then if there
waa a shrinkage of tl00.000.000 by ex-
be very slight, and henoe tha larger tbe
proportion of primary and foil legal
tender money the greater Ihe stability
of tbe whole structure.
It ooght, st soy rate, to be clear to
every one who looks into the question,
that tba notion that prioea can be
maintained and business done by credit
alone, without mouey, are mere delu
sions. Tbe Volume of money deter-
TV
of j mine at Issl the volume of bank cred
are its thai can be safely maintained npon
j it, and the whole, the efficiency of each
being duly equaled, determines prioea.
BR ADSTREET'S REPORT.
A Sstler SMllat l t.nl.al
tauter. m
New York. Bradstreel's weekly
trade review esyc Tb feeling I
mors rueful at many trsds centers,
owing to continued improvement of
demand in retail lines, better weather,
general favorable crop prospects, and
th aotivity which naturally follow
distribution of implement snd farm
supplies and attendant aotivity. More
favorable reports com form commer
oial travelers, representing Pittsburg,
Bt Louis, Ksnsss City, Omaha and
Milwaukee houses. Moderate improve
ment is shown at a few other Western
centers, but at most of lb larger dis
tributing points throughout the ooss
try, th movement of msrehsndise on
th whols sSows no material otrsng.
At almost all cities mercantile collec
tions ar slow, reuiaiuing relatively th
moat unfavorable feature of th week.
ven where the teudenov In other direc
tions U toward improvement
Export of wheat, flour Included,
from both eosst of the United Bute
thi week, are the stnslleet since th
third week in July, 1805, and with
that xoeption, Ihe smallest of any
week during the part sis year, amount
ing to only 1,yl.OOO bushel; com
pered with 1.01 7.000 bushalaUrtwsak,
t. 41 1.000 bushels in th week on year
ago, t.717,000 boahels two year ags,
and with 1.607.000 bushels la tb cor
responding week of 1 80S.
There ar 140 businasr failures re
ported throughout lbs United Bute
thia week. 00m pared with 144 last
week. 118 in the corrsntoading week
one year ago, 801 two years ago, and
I . . V , C . . . lit .
ta eontrasted
with 186 la th Ilk
week la 1898.
TELEGRAPHIC RESUME
Event of the Day in a Con
densed Form.
F. 15TttE8T,T0 ALL RK1DKR8
tteaaa mt
- M4
laaeawtMae Wvmwm D
Wmntg taaim Craaaa
T Ike DUeavaakae.
Captain-(ieneral Weyler haa decided
to releae Kev. Alberto Dia and bia
brother Alfred from coatody, on con
dition tht4 they will leave Cuba imme
diately. Tbe txikl of Hoott Jacaaon for the
murder' of Pearl Pry an baa com
inunced at Newport, The ipeed made
in encoring a jury aatonlahed the ooort
aud tha ooonael on both ider
A dixpatch from Panama eayr 8om
feara are entertained here that trouble
will, oocor when the election for
depotie take place. The member of
the liberal party will vole, for tbe Brat
time ilnee 1)H5.
A d I. patch from Ottawa to the Lon
don Timea aaya: Sir Mackeneie
Bowell, tbe premier, ha announced
the resignation of tbemlniater will be
handaid in in a fw din It ia .twl.
Hjf c-barlea'Topper will be the new
premier.
Estrada Palma, president of the Co
ban junta, issued an address to the peo
ple of the United Htatea, in which he
declares that the Introduction now of
reforms in Cuba by tbe Hpaniah gov
ernment will have no effect upon the
revolution.
The KomeTnbona.oommentmg upon
the
j between A bf Minis and Italy, violently
stuck the government, declaring Ihe j
ministers to be responsible for the "dis-
a al V va uv J-ss vw HCUlMtuii
j honor suffered by Italy through King
! Ment lek's attltode."
1
An official dispatch from - Bats via
aajs the endangered post in Achin ter
ritory ha been relieved, after a figbti
with the rebels under Toekodjohan.
who lost 70 killed and had J00 wonnd-
ed. The Dutch loss was one officer
rounded and
ouud-d.
33 soldiers killed
and
The house committee on military
snsirs have 'decided to report a resolu
tion suthorising the speaker to appoint
a committee of 'five members to investi
gate tbe charges of mismanagement
of the soldiers' home at Lasavenworth,
ki.. made hv Tf 1 111 iiaMiiitatl ia RIm of
The
Holm,
schooner Proa per, ' Captain
have a leak repaired. She atatred for
Cook' inlet on April 4 with a number
of goldhanters, and waa about 300
mile op the coast when a leak vii
sprung forwsrd,
April 17.
on the evening .
Baron von Bammerstein, the former i it , tn Washington that there
editor of Bent Zeitung. Berlin. and;4l , itroog pomibility that th dele
leder of the conservative party, wa gttet from tern tone who hav state
sontenoed to three year penal servi-: hood hiii in ch,rM wiii ot attesnnt
tude. to be deprived of civil rights tor
nve jearv una par i,ow,uuu Loaxaa. 1
The charge againat him were forgery.
fraud and breach of trust !
While leaving work at lock 9, a J
skiff which contained nine men. up J
act and three were drowned . at
Charleston, W. Va. The deal are:
Henry Mahan, colored, of Oallipolis,
O. ; Richard Dickinson, oolored, former'
home unknown; Jordan, white, 16
years old. Th other sis twam ashore.
A movement is on foot in Chicago,
fur the purpose of crystallising publio
opinion against an exclusive arbitration
treaty with Ureal Britafn. Tbe mee--ure
is being vigorously pushed by many 1
prominent citisens who desire that ar
bitration treaties shall be made with
every nation, instead of England
alone. i
The 00 remittee on text books of the
board 'of education, of Omaha, Neb.,
ha determined to Introduce a book of
Bible selections into the publio schools.
A msjority of the school board ia in
favor of the movement The commit
tee will (ubmtt- it report at lb next
regular meeting, and . it adoption ia
regarded aa a certainty.
Colonel Caleb Dorsey. of Oakdale.
Cel., a wealthy and prominent mis
owner and rancher, wa shot and killed
st th Dorsey mine. 1 1 mile from Co
lumbia, at 9 o'ola k Wednesday morn-
log, by hi mining partner, J. T. New
comer, over a dispute that ensued upon
Dorsey' charging Nswoomer with
cleaning up and misappropriating th
amalgam without th oolonel's knowl
edge, v
Chief .Washakie snd th principal
men of the Shoshoa tribe and Chief
Sharp Nose and the leading men of
Ihe Arapahoe have Just closed their
oounoil with Indian Inspeotor Mo-
Laughllu regarding th purchase by
th government of th Big Horn hot
prings Th two tribe have agreed
to aoept 60,000 for the territory five
mile by ten, embracing the springs.
Il U again positively denied that
negotiation ar in progress between
Madrid and Washington on the subject
Of granting hom rule to Cubs. Sen or
Canova de Castillo, th premier, uy
th reform projected for Cuba will be
applied only when eiroumstanoes are
la favor of such a movement Tbe
L premier . also aay th reform would
not b applied to Cuba until asked lor
by Captain-Usnersl Weyler, who ha
aid nothing on tb subject Senor de
Castillo say b will not be a party to a
boon maneuver by keeping ailent re
garding thia report
Wesley . Daw and C 8. Given, of
Jeffarsoa oounty, Tana., accused of
th murder of Gi vans' wife, have been
lodged la th Knox oounty jail for ssfs
keeping, aa vtoleno wa feared unless
th prioan war removed from th
scene of tbe crime. Pawes 1 a nephew
of Oiven. and haa made a confession
of the morder, atating that be bad 1 een
peraoaded to do it by bia unole, who
bad tired of bia wife and waa infatu
ated with another Woman. Tha deed
waa oommltUtd with a doable barreled
abotgon while Mrs. (iivecs was at her
window sewing, having been entioed
there by her boaband.
Tbe -New York Herald aay:
Tb rough special oorreapondenoe, new
of important eiecutiona ia Ban Doxnin-,
go has reached tb United Bute. Tbe
minister of war. Genera! Ramon Cas
tillo, and Joe. Estsy, governor of the
province of Maooris, were executed at
Maooria, on March 28, by order of
L'lyaia Horeeox of San Domingo. The
governor of Ban Domingo, General
Picardo, boarded the steamer Presi
dent with 160 soldiers, went to Ma
ooris, and al I o'clock in the morning
of-the day mentioned, bad Ihe ofllciala
hot About 7,000 Cubans have fled to
Kan Domingo during the Last aix
months. t
From Menominee, Mich. , oome word
that the Menominee and Feno river
are out of their bank, and tb flood
re causing heavy losses to logging in
terest. Tbe logging camp of Isaac
Monroe, on Fenoe river, haa been flood
ed, caneed by a log jam, and tb em
ployee barely escaped. The camp with
I it equipment and proviaiona was
j swept v)tAjfny farmer in the
Menominee valley have been driven
I from home, and hav suffered great
j loss ih stock and crops. One hundred
I men are guarding the log boom at
I variooi pointa on tbe river. The back
! water in tiii city ha driven aewage
j into the city water main, and 50 case
j of typobid fever have resulted.
There waa a large increase in Berlin
ilitfinii Viaa ra w-u.V .f duusUs
inflaeBU andpneumonU.
Tbe conference for international ar
bitration held - in Washington, ' which
has been a very harmonious one, hat
just closed.
Russia ha oidered aeven ironsladt
and ten cruiser for her Pacific fleet, in
view of Japan' extensive naval prep?:
' The bleahip Massachaselt made
Io-, kno n her in Boston
rbor, her builders win a bunas
01 fiw.uuw.
In Olasgow, Scotland,
the steamer
Marsden collided with the British bark
Firth of Solway, near Kiah lightship,
causing the latter to sink.
A crap game on Grant avenue in
San Francisco was held up by two
men. About (150 vii taken. They
were captured by the police aoon after.
Mtse Lavara White created a
'tion in Ardmore, L T., by publicly
borsewhiDDina Professor Linn, a dros-
' 01.I IwMnM hai hart ph.rhl hv arifh
theft.
j A Rome dispatch uti the cabinet
; bii decided agniitot reopesoiug the cam-
u.t roch . r,, wonid u
diaaarrona to Iralv.
to congressional action until the
next session.
A serious conflict between Christians
and Turks' ha occurred at Eplskopi,
ieLand of Crete. There were two days'
fighting, and fifty persona were killed
and wounded. The Cretan have ap
poaled to Greece for aid.
In Houghton, Mich., sixty trammer
have struck in Qoincy mine to enforce
a demsnd for higher wsges The mine
is still in operation, but th trouble
will probably extend to the miner of j
the tjaincy and otber mine.
Tbe London Chronicle hat a dispatch
l.xaa Brussels, which says that the
Bsroneaa Herri, a lady 80 year old,
vii strangled, her body mutilated and
s.e house robbed at Ixells, a fashion
able suburb. The murderer escaped.
I The treasury deficit for the fiscal year
.ending June 80, 1896, will be approxl
1 niately 33,000,000. This U the opln-
ion of official and other best qualified
to make an intelligent estimate of tbe
1 result of the fiscal operation of th
jear.
A Madrid dispatch tart the minister
of finance, Senor Juan Navarro, hat
n Milled th cabinet of tb necessity of
relief measures on account of the pro
longed drought, which has oaused a
rapid rise in the prioe of cereals, also
injuring livestock.
A $10,000,000 bicycle trust is being
formed in New York. A prominent
member asyi th trust will out th
prioe of high-grade wheel from $100
to about 65, eliminating jobbers'
profit and advertising expenses, snd
will mak money at that j
Senator Warren, from tbe committee
on claims, na reported tb amend
ment to tb sundry civil appropriation
bill for the payment of the Frenoh
spoliation olalma, which hav been al
lowed by the oourt of claims It Car
rie an appropriation of 1 1, 010, 000.
Th two association of manufac
turer of wire and cut nail have closed
a three day' conference in Chicago.
In consequence of the rise In the steel
market, it wa decided to raise th
pries of both wire and cut nail 16
cents per hundred weight to take effect
Msy 1.
A Louisvill A Nashville fruit train
and the Evansvill at Terr Hants pa-
enger train collided at a crossing near
Mount ernon, Ind. Alexander Dri-
coll, a brakemarf, wa killed; James
Covintgon, an engineer, and F. R
Thompson, a brake man, were seriously
Injured.
A mob of srmed men, shout fifteen
ia number, en tared tha jail at MoMlnn
villa, Tenn. , dragged th Jailer from
hi bed and forced him to giv up tb
keys W ilium and Victor Mollis
were taken from th Jail, carried os
horsrbaaok flvjs miles from MaMtnnvill
sad hanged.
A FORECi.OSPRE SALE
1 ..
Decree In Northern Pacific
Case Will Be Signed.
blFFEKEST INTERESTS. AGBEC0
Tke Sato Will Tab rtaee at Waat
aeawrlair at Date Tat ts
Be rissd.
Mtlwsu'kee, April 19 Tb decree
of sJ of the Northern Paclflo railroad
andet the consolidated mortgsge o)ftb
Finders' Loan A Tmst Company, ha
been decided on, and will be signed by
Judge Jenkins, of the United Bute
circuit oourt, in a few day, aa aoon aa
it la printed. Boecial Maater Alfiad
Carey will conduct the sale and arrange
the preliminaries aa rapidly aa possible
All th different interest hav sgrsed
to th decree. Tb matter wa sot- '
tied in th United Bute circuit oourt
thi evening. The sals is to tak placs
at West Boperijr.' Wis, at mob tims
a shall be fixed by the special master.
Tb Northern Pacific road Wtil bq
given ten day In whioh to pay th
claims against it, but there is no ex
pectation that thia will be dons . Th
property is to be sold in three parcels,
for which separate bid at lob made, '
which muat aggregate not less than
11.500.000. ,
-
Tbe Keeelvanblp Matter.
Milwsokee, April 19. A stipulation
in the Northern Paclflo receivership
matter wa agreed to late this after
noon and signed by all the parties and
approved by th court It in effect
auctions all the payment that hav
been made by the receiver. Tb
necessity for an accounting between
the receivers of th two oourt la d in '
way with, and their disposal of tha .
moneys is not to be further Inquired
into, beyond th usual inspection of
Master Carey. Tb stipulation states
that, owing to Ih expectancy that a
decree of sale i about to be made, it 1
desirable to avoid th expense and the '
difficulty attendant npon a separation
of tbe funds, so that all payment made
and to be mad ars approved. The
parties to the stipulation, however,
may withdraw at any time.
Notwithstanding the apparent unan
imity of all th fact! one, there 1 a de
cided objection to tb doors at thi
time, and is place of getting through
with it and securing th signature of
the oourt in s few hour, it promises
to be a number of days before th mat-
ter is satisfactorily arranged. Judge
Jsokins evidenced opposmaa a -
course adopted by the attorneys, and ia
apparently determined to thoroughly
diiaect th proposed decree, having or,' .
dered that it be gone over section by
setcion.
A SPANISH BUTCHER.
Bloa4r Werk OaM Maws Ravaaa by
, ttoMral Walqalae.
Key West, Fla., April 89. A letter
from Havana, date April 86, aay:
While Delgado, th American, is
slowly convalescing from tb wounds
inflicted on him by Spanish soldiers
under General Melquiao'a bidding sev
eral weeks ago, the brutal Spanish offi
cer ia at ill butchering people in Havana
province. Although official Investiga
tion show that Melquiao is guilty of
all th charge against him, he baa not
bsen suspended from his command. H
is aid to posse enough influenoe in
Madrid to make it exceedingly uncom
fortable for any superior officer who
might endeavor to bring him to puniah
ment" New received here tell of his con
duct during th past two weeks Near
Campo Florido, ao the - information
runs, Melquiao arrested nine peaceable
countrymen and by bis "rders they were
killed. AtMinasnineteen"paoiflooa"
fell into his dutches and were shot
Near Baibo h rased ten farm and
gather 1 in forty laborer who war
killed ia oold blood. The moat horrible-phase
of the last butchery it Ih
fact that womea and children were
among tboa massacred. Ia th vicin
ity of Juaraoo, Melquiao ordered th
slaughter of forty-seven person who
were taken from field where they were
at work. In Melquiao' territory th
people ar flocking to Havana to eaospe
him. "
ROYALTIES ON FUR SEALS.
Daelaloa ASlat the Hartfc Aaaerleaa
Coattmarclal CeaafMaaj.
New York. April 89. In th suit of
th United States against tha North
American Commercial Copmany, lee
sees of th Pribyloff islands, snd th
isle of 8t Paul and St George, Alaska,
for 1183.189, with interest, for tb
rental due under the 0011 tract, and also
for royalties and tsxes on 7,600 sea la
taken during tha season whioh ended
in April, 1894, Justice Wallace, of th
United Statea court, today decided la
favor of tha United Slate. Ha holds,
however, that th modus Vivendi with
Ureal Britain waa a breach of eon tract
on the part of the United State with
th North American Commercial Com
pany, and therefor swards judgment
for only 894, 887, sad say that the
North American Commercial Company
has a claim against th government for
about 1140,000, to b eollerted through
the court of claims. Th ssodas vivwadl
ended tn 1894. Th effect of thla de
cision will b to enable th govern msat
la other suiu to eolloet about $900,000
from th North American rGaueroial
Company, for th yeaea of 1898 sad
1898.
tsalalaaia KlaettaH. TvmbleSa
Nsw Ot leans, April 88. Th gov
rnor haa ordered two com pan te of
militia from thi city to Natohltoeba.
Trouble la thresteoed thsrs on aeeouat
of Ih refusal of district leoioa ofSa-
11 to proclaim th result of th i
Hon coord lag to Ins ballot