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Olean Democrat, The (Newspaper) - May 15, 1890, Olean, New York SIXTEEN PAGES. PAGE The Olean Democrat VOL. XI OLEAN, CATTARAUGUS CO.' NEW YORK, THURSDAY, MAY 15, 1890. NO. 25 WEEKLY TRADE REYIEW. LITTLE CHANGE IN THE SITUATION DURING THE WEEK. Good Prohj'Cfts for an Increased Mon- etary Use of Bullion Labor Troubles Likely to be Speedily Quarrels Frices for "Wool Generally Expected. NEW YOKK, May G. Dun Co.'s weekly review of trade says: "During the past week the business situation has changed but little; the out- ward manifestations vary somewhat, but the leading facts are still the enormous volume of traffic in progress, the expecta- tion of monetary expansion, and the ab- sence of forces at present seriously disturb- ing even in details. There is just now so much repetition from week to week that it seems less worth while for once to recite them than to look for the forces which are likely to control details in the future. Chief and most potent of present favoring influences is still the prospect of increased monetary use of silver in crude form, although no pro- gress toward accord of the two houses of congress seems to have been made this week. There have been, some indications that extremists might insist upon passing a bill which the president might veto, and markets were to some extent affected at times by this fear. But the belief more generally prevails that' practical men will prevent serious disagreement about meth- ods, and this confidence is so strong that the possibility of early reaction, because the immediate results of any measure may fall short of anticipation, is commonly overlooked. An extreme measure might lead speedily to some withdrawal of gold from use, or of the funds from loan mar- kets. Labor controversies cause less interrup- tion than has been anticipated. Settle- ment and arbitration at Chicago, and con- cessions at many other points, produce confidence of early and amicable adjust- ment, so that any serious disturbance of industry may be avoided. This has enor- mous potency as a factor favoring pros- perity, and it outweighs the fact that cap- italists and railway managers have not equally able to settle their disputes. Railway quarrels grow more discourag- ing, and the great cut in through rates and the confession of trunk lines that the interstate law has been systematically violated or evaded, have depressed stocks one time, notwithstanding continued gains in earnings later. "The increase in wool supply this year cannot be large, but the expectations of higher prices so generally entertained by growers tend to embarrass the manufac- ture. Movement of meats continues heavy: At Chicago, pounds itessed beef, against last year, and the year thus far against 000.000 last year. Beef cattle have reached the highest point for the year; lard re- ceipts at Chicago are nearly double, and hags grow stronger at the West. In gen- eral, operations in products are remark- ably large, with advancing prices, but mainly because of expected loss in produc- tion this year. "The dry goods business continues of full volume. The volume of' all trade shown by exchanges outside New York remains about 10 per cent, above last year's, which in turn was the largest on record. The money market is fairly sup- plied, with prospects of increasing abun- dance. "Failures during the last seven days number for the United States 185, for Can- ada 24, total 209, compared with 211 last week. For the corresponding week of last year the figures were 198 failures in the United States and29 in Canada." GEN. LEE'S STATUE. It Drawn Through the Streets Hen, Women and Children. RICHMOND, Va., Richmond never witnessed or participated in sach a scene as the ceremonies rncidant to the remeval Wednesday evening of the tracks contain- ing the equestrian statue of Gen. Robert E. Lee from the railway station to Attem Plat, where the statue is to be erected. Shortly after 5 o'clock the procession was formed, with a squad of policemen in front. Then came Lee camp of Confed- erate veterans, followed by the Old Vet- erans' organization. Then came the four trucks in single file with men. women and children, tugging at the ropes. The route of the procession was about one and a half miles long. The line of march was literally packed with people, while the cheering and waring of hats was continuous. At Monroe park the ropes were so crowd- ed with people that they were treading on each other's heels. Asthey passed the park tbexe were 500 ladies and girls whose fair hawis held the ropes. Little tots were carried out into the streets in their mother's arms their small hands placed upon tbe ropes. When tbe destination was reached there a scramble by relic hunters for ropes with which tbe truck had been drawn, and despite tbe efforts of the po- lice they were all cut to But for a pnard of old tbe boxes comiainin? tbe statae wwild have met tbe fate All the trucks were hand- somely decorated with pictures of Gen. Lee and of the "southern states, while and a Confederate battle flag floated to tbe breeze COULDN'T REACH A DECISION. The Masonic Commissioners I'lam tlic Home. NEW YOIIK. May meeting was held j in Masonic temple for the purpose of considering plans submit- ted for the const ruction a Masouic school and asylum which it is proposed to build in Utica, N. Y. Grand Master John W. Vrooman presided. There were present the Masonic elective grand officers, William Sherer, deputy grand master; James Ten Eyck, senior grand warden; John Hodges, junior grand warden; Jus- tice John J. Gorman, grand treasurer, and Edward M. L. Eplers, grand secretary; John R. Schlick, Edward P. Harper and Edward W. Richardson, trustees of the asylum and hall committee; Alexander T. Goodwin, mayor of Utica; Horace L. Greene and Arthur McArthur, comprising the advisory committee; Col. John Y. Cuyler, consulting engineer of the board, and Frederick A. Burnham, counsel. Plans were submitted by six competing architects, representing the cities of Buf- falo, Brooklyn, Rochester, Albany and New York. The plans were opened and the afternoon spent in discussing them. Opinion was divided, and no selection was made. Another meeting will be held next Tuesday at 1 o'clock, it is hoped some place will be selected. MR. JONES' 1'ET JJ1LL. HE MAia.3 THE OPENING SPEECH IN ITS FAVOR. CHECKING RUNAWAY MARRIAGES. The New Jersey Legislature Passes a New Marriage License Law. TRENTON, N. J., May marriage license bill has passed the senate. Assem- blyman Woolman, who is the author of the bill, says: "Complaints have been so numerous against the present loose system of sol- emnizing marriages in Camden, both by my own constituents and by indignant guardians from other states, that I felt it my duty to make our loose statutes in re- gard to marriage to conform to the laws in vogue elsewhere. Heretofore no license was required, and the amount of perjury committed by the candidates for matri- rimony in Camden was simply astounding." Among other things the bill provides: That from and after the 4th day of July, 1890, no person in New Jersey shall be united in marriage until a license shall have been obtained from the clerk of the orphan's court in the county were the mar- riage shall be performed. If any preacher or magistrate marry any couple, black or white, without a license first had and ob- tained from the county clerk, such officer forfeits f 100, to be recovered by action of debt. ________________ Dispute Over an Appointment. WASHINGTON, May senate in secret session yesterday debated for more than an hour the nomination of W. B. Sorsby of Mississippi to be consul general to Ecuador. Sorsby was strongly attacked from the Democratic side, Senators Walt- hall and George leading the assault. The principal charge brought against him was that he was a political renegade and that this office had been given him as the price of some valuable documents affect- ing the election contest of Representative Catchings, which he had put in the hands of the Republicans. Mr. Frye, chairman of the committee on commerce, from which the nomination had been reported, made a defense of Mr. Sorsby. At the close of the debate a vote was taken which would have confirmed the nomination had not the roll call disclosed the fact that no quorum was present. The senate then ad- journed.________________ The Lottery Business is Profttable. NEW OKLEANS, May A. Mor- ris, for the Louisiana State Lottery com- pany, has offered the state legislature, now in session at Baton Rouge, per annum for the extension of the charter of the company for twenty-five years, or for the entire term. The ques- tion monopolizes political attention and will occupy the attention of the legisla- ture until disposed of. The fight promises to be bitter and with ths chances at pres- ent in favor of the lottery company. All the city newspapers urge the acceptance of the bid. but a new journal, The Delta, which has made its appearance -and sup- ports the governor in his opposition to the lottery. ________________ Stone Difficulties Settled. QriNCV. Mass., May stone cut- ters' committee and the manufacturers have acrreed on 27 cents the price to be paid hour. The blacksmiths are to receive 75 per day for a gang of men to consist of twelve and to be paid 25 cents per hour for every man over that number, nine hours t constitute a day's work. It is that the cutters and black- pniitli'- pre r< '.y to co to work now at auy time. The quarrymen have not yet arrived at a settlement, but are expected to come to an acreement soon. Going Bark to Work. May 14 100 of the 1.700 employes of the Malleable Iron went out on
e T i1 i- T 1 e r'lv the TIT< f i-o n1 A Strong Argument in Fa.-or of the In- creased Coiiiase of Silver and Bi- Bletalism The Tariff Dcbato Continued lu the Considerable Progress Made With Amendments. WASHINGTON, May The feature of yesterday's senate proceedings was a long speech by Mr. Jones of Nevada in support of his silver bill. Mr. Jones spoke for three hours, and claimed the closest at- tention from senators on both sides of the chamber. He made a strong argument in favor of free coinage of silver, increased volume of currency, the demonetization of silver and bimetalism. Mr. Hoar, from the judiciary committee, fsported back the house amendment to the senate anti-trust bill with an amend- ment. Messrs. Vest and Coke stated that, as members of the committee, they did not concur in the report; and Mr. Hoar ex- plained the effect of the action recom- mended. The matter went over till to- day. Mr. Jones of Nevada then took the floor and spoke in support of the bill reported from the finance committee authorizing the issue of the treasury notes on deposits of silver. At the outset he spoke of the general unrest prevailing throughout the country. The prices of all commodities, i he said, had fallen and continued to fall. Such a phenomenon, as a constant and pro- gressive fall in the general range of prices had always exercised so baneful an influ- ence on the prosperity of mankind that it never failed to excite attention. When a fall in prices was found operating on the products of all industries, when it was found not to be confined to any one clime, country or race, but to be diffused over the civilized world found not to be a charac- teristic of any one year, but to go on for a series of years, it became manifest that it could not arise from local, temporary or subordinate causes, but that it must have its Genesis and development in some prin- cipal of universal application. What was it. he asked, that produced a general decline of prices in any country? it was a shrinkage in the volume of money relatively to the population and business. Prosperity and speculation had been stim- ulated at times by great yields from mines; 1 and when those mines were worked out, then came revulsion and adversity. He wanted to speak of the natural ratio be- tween gold and silver existing for or a ratio of 15% to and said that it was only since the legislative pre- scription of silver in Germany and the United States and its banishment from the mints of Europe that any material change in that ratio took place; and that the pres- ent divergence in the relative value of the two metals was directly due to the legal outlawry of silver, and not to any natural causes. It had always been the object of the creditor class to enhance the value of money by reducing its volume, so that when the gold mines of California and Australia were producing the largest yield it was proposed to demonetize gold. The motive of demonetization in the case of gold, as well as silver, was to aggrandize j the creditor class of the world and to con- j fiscate, so far as possible, the rewards of the hardy toilers. i The demonetization of silver by Ger- many after her war with France, he said, inflicted greater evils on her people than her armies had inflicted on France: and when this evil began to have its effect, a veritable hegira of the German population i began to take place. The demonetization i of silver by the United States in 1873 he regarded as one of those historical blun- ders that were worse than crimes. It was j the child of ignorance and avarice, and it had proved the prolific parent of enforced j idleness, poverty and misery. No better remedy could be applied than the abso- lute reversal of that legislation, and put- 1 ting back the monetary system of the country to what it was before 1873. If the monoiaetallists would compare gold and silver with commodities in gen- eral they would see how the metals had maintained their relations, not to each other, but to another things: they would find that instead of a fall having taken place in the value of silver, the change that had really taken place was a rise in the value of both gold and silver, the rise being relatively slight in silver and being ruinously great in gold. Discussing the bill pending before the I senate. Mr. Jones declared himself at all times and in all places a firm and un- wavering advocate of the free and unlimited coinage of silver. In view, however, of tbe great diversity of opinion on the subject and the possibility that by reason of such diver- sity tbe session of congress might termin- ate -without affording the country any re- lief from the baneful and benumbing ef- of the demoaetiKation of silver, he bad joined with other members of the in reporting tbe bill. j his argument, Mr. Jones KaH in order that prices might be kept froiy the number of dollars out not reduced in number, for the pun linking power of each dollar de- rnnfi v mim'her out At th" MI ion of Mr Teller. Mr Jones further remarks until to- day TV- senate 'ben into executive ami a later ad iourned A SENSIBLE MESSAGE. Gov. Nlclolx in Opposition to Granting tilt- Lottery Charter. BATON Roi'GK, La., May 14 Nichols sent in a message to the general assembly ten columns long, four of which were devoted to the lottery question. The contluihujj paragraphs are as follows: I have already alluded to an appeal to be made to the members of the general as- sembly to avoid responsibility by permit- ting tiie people of Louisiana to vote them- selves, for the adoption or rejection of the proposed amendment. Such an appeal is to give the lottery company the opportunity to go into the next campaign fortified, as it v.ill claim to be, by the appioval of this general as- sembly and by and through an immense corruption fund, mass all the barl elements in the state, white and black, aiid by their united vote endeavor to ride roufjh shod over the respectable and worthy people. Let no man deceive himt-elf, and let no man be deceived by others in this matter. That is precisely what this appeal means. The occasion is too serious to mince mat- ters. I am addressing men of Louisiana, who know as well as I do, the value of my words. When I say to them that, should this lottery get firmly planted in this state, it will hold the purchasable vote solidly in the hollow of its hands forever, and through it and by it the liberties, the property and the honor of the people of Louisiana are at its feet. It could make and unmake governors, judges, seuat-ors, representatives, commis- sioners of election, returning officers, asses- sors, and all the officials at its will. Merit would be disregarded, and the test for office would not be ability, integrity, public spirit, or worth, but subservency to behests of that company. Virtue would be the very worst bar to official position. I, for one, believe that this will never be permitted. I foresee the most direful con- Bequences if the lottery company persists In its scheme to foist itself upon the peo- ple. I foresee that this state will be shaken as if by an earthquake from the Arkansas lines to the Gulf, by reason of what will be deemed a menace, present and future, to the people's dearest rights, and I consider it my solemn duty to warn this general assembly, for I feel deeply that what I say is true. And for whom, and for what, is all this strife to be occasioned? For the personal interests of a handful of men, many of them connected with the darkest days of the reconstruction period. And it is for them, and to them, that we are asked to sell out our birthright for a mess of pottage. As the governor of this state, and the head of the present ad- ministration, and representing the cit- izens of the commonwealth who believe that the only legitimate end of govern- ment is the enjoyment of life, liberty and three; I will never con- sent, so far as I am concerned, that the destinies of this great state shall be placed under the control and dominion of any corporation whatsoever, and especially that it shall pass under the control of a gambling institution, and I shall exercise all the influence of my official position, at all times, to avert and avoid what I would consider a disastrous as well as such a dis- graceful event. In so doing I expect and invoke the aid and assistance of all good and true sons of Louisiana, both in and out of this general assembly, and should I fail in my efforts to preserve the good name, the welfare and the prosperity of the state no part of the responsibility nor the shame shall rest upon me. Fatal Boiler Explosion. SHAMOKDT, Pa., May the ex- plosion of the boiler of a locomotive on the Reading railroad tbe engineer, Hegle- genz, and fireman, Charles Kauffman, were instantly killed, and Conductor George C. Ye-iger was probably fatally in- jured. The engine was nearing Shamokin, drawing a heavy train, wten Kauffmau noticed water from the boiler leaking into the fire box. He apprised the engineer of the danger, but the boiler exploded before means could be taken to prevent it. Yeager was riding in the engine cab. In air. Carlisle's Interest. LonsviLtE, May Democratic caucus in the senatorial race at Frankfort met Monday night but ilid nothing ex- cept appoint and decided that no election be allowed till a nomi- nation has secured. There was an enthusiastic meeting here in favor of Carlisle. Speed.rs were made hy cressman Willis and others. A com, .i'tee was appointed to goto Frankfort ID Car- lible's interest AUKESTS. Expedition ZAXZIPAR. May F.min Pasha ex- pedition to the interior of has met with unforseen difficulties. The expt-di tion ;eft April 'JS. h.o.s only reached point distant five from the coast. It has been de- layed by the of number of porters anti the deM-rtion of manv oihtrs. a Worker. Prr.vis. May Kilrain was in town Monrt-iv He looks trross. the heavy woolen IIP that he is trvum to train n beam at j-mri'i'- The SSTF mill pn Ray he is not ?frai'1 of wrf-k arul takes old of anv kind that romes to hand. Siv Viv 14 first tinder t) TTITT-" of The a of T f .-.f A Kxplcwion. E. 14 A Miant.T' of the m-w 'be of arms ar; 1 n-nun- tions at fourteen of Fmirt'pen persons vrrre killed anrl rmm were ;T) inn- 5 fatally. STl t, c T en p- t it WILLIAM GOULD AND WHITNEY TAKEN INTO CUSTODY. Charged With Conspiracy to Kob the City National Unable Secure Store Seized to Sasisfy Judgments Governor Hill Signs the Capital Appropriation Hill. ALBANY. May yoterday after- noon United States Lucien Tuffs arrested VrUliam Gould, Jr, the senior member of the firm of Gould Co., law book publishers, upon a charge of fraud- ulent conspiracy to rob the Albany City National bank in collusion with George P. Whitney, the defaulting bookkeeper. The Gould firm is one of the oldest in the city, and it is only about three years ago that the senior Gould died, leaving a paying business and about each to his four sons. All of these men are now charged with having assisted in the bank defalca- tion. Gould was taken before the United States commissioner and was there told that his bail bond would be fixed at in two sureties and that his bondsmen would have to qualify for double the amount of the bond. Up to o'clock he had not secured bail and a deputy mar- fchal -neut home with him. Whitney was also re-arrested yesterday at the instance of the United States au- thorities upon a charge of having embez- zled from the bank in December, 1887. He wtis represented by counsel and was told that he would be held upon the charge in the sum of that nominal amount being fixed because the bail in the other courts Is sufficient. His trial was set down for Friday. May 23, and he is now at home in custody of a marshal. The other case will be heard on May 25. The Goulds' store was seized by the sheriff to aid in satisfying the confession of judgment in favor of the bank. The stock will not bring the amount due. THE CAPITAL APPROPRIATION. Gov. Hill Signs the Measure but Says it Should Appropriate More. ALBAXT, May Governor Hill has signed the capitol appropriation bill and filed the following memorandum with it: "This bill appropriates a total sum of for work upon the capitol. and creates a commission consisting of the lieutenant governor and the state engineer and surveyor, who is associated with the capitol commissioner, Perry, in the con- trol of the work. There is no objection to the amount appropriated, except that it is insufficient. By the terms of the bill a large share of the money is required to be used indispensable repairs, in furnishing parts of the building already completed, and in effecting necessary alterations in portions constructed years ago before Commissioner Perry was ever appointed, leaving only a balance of 175 toward the legitimate progress of the completion of the capitol. The amount is only applicable towards the construction of the western staircase from the second to the third floor and for work upon the corridors adjoining that staircase on the first and second floors. "It will be seen that the amount actually appropriated is wholly inadequate towards accomplishing very much towards the substantial completion of the capitol. The construction of a single staircase, and only one story of it each year, is an unbus- inesslike performance, and it is character- istic of the methods which have been pur- sued by the legislature ever since 1884. The capitol should be completed at the earliest possible time. Tbe needs of the state, in the interest of true economy, and the natural pride of our citizens, all unite in demanding that the capitol of our state should no longer remain in an unfinished condition. No good business man would conduct his own private affairs as the leg- islature has managed the work upon the capitol during many years. The selection again of a commission to be associated with Commissioner Perry is to be regret- ted, and that portion of the bill i? re- garded as objectionable. There is no ob- jection to the personnel of thecommi .'-ion. but any commission whatever is unneces- essary." President TTill. KoonF-TFn. N. Y., May 14 will of i the late President Anderson of the Univer- sity of Rochester was admitted to probate yr'-t'-rday. After providing for an annuity of to Joseph G. Gilbert and D. Gilbert of Newton. 111., the ill the remainder of the estate r to the University of Rochester t ration. ufor tbe and benefit <-f university forever." TheinMru n.cut is dated Feh 23, TW. only a few days before the U-stator's death. M- M-jy '4 -The granite t-trik" ti- tled Tl.e fitter- mnfr-rrH with the corn piny. prices -which the cutters ratified, find v to rr turn to work. "-trA" on two week's The tit'-u f T the rncn an v hour5- for a wr.rk .T, 1 'Ti Saturday is a fnr t'ne men Monn M V.i. 11 The 2 1) r'-rt-t i -Tohn I nr.n I v tl r- i f 1 n t i i T< i" t C I'jft TTTJCC 1 i- n i i i- t- 1 v "ft Mnf-n of the t n 'I -i fN.rtfX) r of n v the f capers1 in con1- T r.1. CATHOLIC The Convention Begun in York. Keports Head. K, X. Y., May 1 j- v f n i ad" -t >rl- I'T
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