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Salt Lake Tribune Newspaper Archive: December 21, 1890 - Page 4

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Publication: Salt Lake Tribune

Location: Salt Lake City, Utah

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   Salt Lake Tribune, The (Newspaper) - December 21, 1890, Salt Lake City, Utah                                THE DAILY SALT LAKJ5 CXTT TTTATI STHTOAT DECEMBER 21 1890 it SUNDAY C C GOODWIN TETVMB or Pully Daily sU Jjw JnUy Sunday ono Sunday Tribune six Weekly Tribune Wtftklv Tribune nix Trlbimo thrfio All conwiunicationH relating to or edito rial natter nhould be to EoiTOtt rni nrid nhoulcl addrfiflKod to THE Tiuuoo PtrawuriJifO Cou Salt City Cuh THK TRIBUNK I1IBLX8HINO CO P H LANNAX Muniuter INDtfX TO THIS PAPER First ami ftcfoncl paxes Telegraph Third Otfflon J department News of Our fourth 72Iltrrli and Summaries Fifth pftKft The KayrnDiKlOBrlon Homi cide JourLs Minos and other Local Sixth Uusinobi 813 von th patfu Music and Drumu Society Affairs Elffhth papn Local and Notices Ninth Special ArtlclftB Miscellany SUMMARY OF LOCAL EVENTS Ores and bullion rocolpts in this city yes terday JgjKeul estates records of salon yesterday for tho veok H liaricroft superintendent of the It to ttu NnrOioni Tho Utah Producers last evoniiiK firlopUd atronjcsihBiund loJtd reso lutions U 7 OBrien thft victim of Raymonds gun dhl yesUtrrJay Kaymuml taken boforu a ami bin examination postponed till Monday The JarvsConldii Trunt Company 1U suusflor net In np pothitiiitf a roeelvor in tho utreot rail way HMtfuUon applied yesterday to Judge Zatio to restrain Judtfw Hlaekburn from pro ceeding Judge Xano declnod to Interfere TICLKGllAPHlO A coinage iirnonrtnient has already been offered to tho ricnute financial bill Thn Bpecio Imports Now York last woolc exceeded tho exports by over two millions Senator Bpoonor made a livehours Hpcooh n support of the KleetlonK bill Army and Navy medical men at Washing ton believe Ifl Insano and that it Is inherited A political crisis Is In Berlin and will be to lead tho op position In tho Kyraud tho French murdoror was sen tenced to and GuLirleile Bornpard his iiocompllcc to twenty imprisonment at hard labor It stated that tho JJohrinK Sea noROtla tlons Juivy rtaehwl such a that the President will Htiiul ft special to Congress on tho subject A iimtltute IB to bo estab lished at New York for the treatment of hydrophobia and tuberculosis under tho 1astour and Koch methods Prof Ktwh says Amcvlean Invalids and doctors should stay at home The lymph furnlehod to American honpltala but not to docturs for private pntetice Koferrlvis to the publication of TifH Trini tTNE8 UubolM interviews in the CunorcsMrriutl KMOrtl tlie ZVst says Mr Du Iwiss election Is a vindication of tho liccurdy merit as an advertising medium That WHS good talk TIIKOOORF UOOSK dollvorod at thn jSinotoonth tury Club on uiKht calling for a higher That is tho gonii ine talk Unit if a man is not a roal Amnrlcun not tho right to pro tnnd bo an Aumrlimn If a nuin is not ready to plcdpo his full allowance to our tiovornmont ronardluss of any othor govornuuiiit nwardloss of any othor powor of that UKUI Is Jiot A good American at all Tho man who docs not thiruc this country is much botter than any othor country on oarth that ho is favorod in boinR a of it in good faith that man has no right to have tho privileges of citizenship given him And a man who loos not Jfool when ho thinks ho is an American cithor naturalborn or that he 00011 plfiS ft position more honorable than did tho ancient Unman when to bo a Koman was greater than to bo a king tluit man la not lit to bo called au Amevican or havo tho most sacred rights of be stowed on him Tho man who does not fool in his heart that 10 bo an American oxalts him that havn tho honor of ho ing caihul a defender of iho American flag is a title of signilicance and of per sonal exaltation he is not fit to be called a As aro moving toward an Irresistible destiny wo see how this Ilopublic can help but become so glorious in the coming century that all other nations ancient and modern will bo socoiulraie nations by compari son And with that vision before men if when they take the oath that they will to thu utmost of their ability pro tect and defend the Constitution and tho laws of the they cannot take it without any mental reservation then they ought to sorvo another term of probation before they are given the right to east an American ballot or to hold an ofYice under the American Hag or four days ago the people of tho ICast who love tho groat and good WIUTTIKK sent him their congratula tions on his eightythird bithday Ho was too feeble to bear personally tho strain of a great or his would havo been overflowing with joy ous and sympathetic friends to congrat ulate There is no disease on tho old man there is simply tho premoni tory symptoms thatt he machinery of his body is slowly running down and that pretty soon this year or next or in a littlo while at farthest it will stop The same papers that bring tho ac count of this say that the health of JAMKS to bo per manently enfeebled He no longer can bear public dinners he can no longer join in political With him as with the windows have the almond tree ffonrshea and in a littlo while tho mourners will go about streets A great pair of men are they They havo given ranch honor Massachusetts and to tho whole tlioy havo given a dis tinct significance to American literature and as they walk gently down the farther slope the arms of tho tion are stretched out to be their sup port A contemporary discussing tho silver question says What is Is an international agreement for the froo coinage of silver upon a certain ratio with and queries whether this country is strong enough to bring silver up to nearly or on a parity with gold on tho old ratio That la all true What la really wanted is an international agree ment but the governments of England and Germany would Btand in tho way though a vote of the people of either country would be in favor of such an agreement It was this doubt which made HO many Eastern Senators recoil before free coinage last summer It is this doubt which now makos the Presi dent and many of tho strong men in the Senate recoil boforb the Kame proposi tion Korne of tho shrewdest financiers in this region believe that the ratio of six teen to one is a dangerous ono and think that the grains in the gold dollar should bo reduced and the grains in tho silver dollar be intrcssod In order to make an adjustment which would be satisfactory to the world Of course just now the silver mines are yielding heavily and men in foreign countries and In the past of our own country feel towards silver as tho nations of Central Europe felt towords gold in 3 858 when be cause of the yield of tho pla cers of California and Australia they camo to the conclusion that gold was so abundant that it was not any longer a safe measure of values and actually de monetised gold Our own judgment is considering tho amount of business In tho world and whata trifling sum of gold thorn is in comparison with the business that has to bo done on a gold basis In comparison to tho property which has to bo handled that if our Congress would simply pass a law in structing the Secretary of the Treasury to pay or what would be better issue silver certificates for all American silver that might bo presented for pur chftso that in itself would adjust things In a very short time Of courso to say American silver Is to cast a doubt upon our own faith In silver but at tho same tune on a question whoro there are such sharp differences of opinion the best that can bo done is make a compromise and such a law would prevent any legitimate bankers or brokers on tho other side of tho ocean from attempting to smuggle In any silver Then If what the best authorities in Europe what our own Secretary of tho Treasury says Is true if the outside world cannot produce as much silver as it needs for its regular business why tho result must be that In a few weeks our silver will go up to If it will not then wo havo all been mistaken then because of tho abundance of silver it is not worth what wo have thought it worth then the grains in tho silvor dollar must bo increased or tho grains in tho gold dollar must bo decreased or both to mako a parity between tho two metals Except for Its use as money silvor would bo worth no more than copper or at least not much more than copper If silver is to bo relegated to tho province of a commodity really then It can only be handled as lead or copper or any othor baao metal Is handled Hut it is true that It never suffered that way PO long as it had tho confidence of our Government and tho Government of Germany When Ger many demonetized silver of course that compelled tho Latin Union to cease coining silver when Germany and tho United States both demonetized silvor which arrayed tho United States Eng land and Germany against England had demonetized silver in 1810 with the stoppage of the silvor coinage by tho Latin Union actually arrayed nearly all tho clvllixod world against silver as money It took from it Its good name mon began to distrust It as a measure of values though all the millions of tho Orient and Central and South America and In great part Russia know no othor money Its good name was shamefully besmirched and natu rally in values as compared with gold 33ut here comes In the point which our Nation at least cannot ignore With all this combination to destroy it as money its sovereign attributes could not be taken from it It never for a moment lost a particle of its purchasing power and hence when it was made short weight it in return macie everything else that comes of labor short weight and now the problem is beforo our people and it is Impressed upon them with more force than ever before can they on an abstrac tion afford to havo the millions on their farms and in their shops tho millions who possess some capital and through their capital and their work are trying to they afford to destroy this class of men financially That is what they will do if they ignore silver or fail to give it a money recognition Looking over tho whole field and only giving an opinion for what it Is worth our judgment Is that tho safest thing to do is to Instruct by statute the Secre tary of tho Treasury to purchase until further orders all American silvor pre sented at the mints and at tho same Groat Britain out of tho count because she will never consent to tho arrangement so long as she can rest on a gold basis and keep India on a sil vor the commercial nations of tho Old World to join us in a convention to make ono more effort to see if an in ternational agreement cannot be made through which gold and silver on some ratio shall bo interchangeable and ac ceptable as money and endorsed as such by all the commercial world except Great 3TATIVE These aro days that ought to mako tho mon of the United States serious thinkers these aro days when for some notwithstanding the wealth of the mine the wealth of the field and tho wealth of the shop notwithstanding tho mighty area of this country and the manifold resources which this country possesses there is a financial stringency from sea to sea The most cautious business men are a littlo In doubt about what the final outcome is to and solvent houses any troubled apprehension of the of further troubles more sorious than the present A great many doctors are pre scribing remedies for this state of af fairs One says ft can be iixud up through heroic doses of free silver another and a larger class following in this line believes that if tho Govern ment would only advance money on such security as tho average man has to give the trouble would be bridged over others assert that all the trouble comes from the fact that certain merciless rich men have not only put a padlock on their own strong boxes but havo gone and tied up the funds of the banks and are paying interest on those funds to keep them out of cir culation till they accomplish cer tain purposes in the stock board which they want to accomplish Our own judgment is that one great cause of the tiouble and one great obstacle to the clearing of it up is that our people in tho East put too much dependence on affairs beyond the sea If wo are rightly Informed not 5 per cent of the business of this country is foreign busi ness and if that is true then it is a shame that that 5 worked in any way per cent can be which will make trouble and confusion with the other 95 per cent We think a more perfect Americanism would cure tho troubles wo think If our people would depend upon themselves mako opinions for themselves do business for thomselve without fear that what they might do would not be pleasant to tho great bankers beyond the sea and get in the habit of doing this they would be betto off Four months ago wa invested in American securities on the other side of the Atlantic Because of overtrading because of the greed for high Interest which induced English bankers to make advances to certain South American the finan ciers of England and Europe woke up one morning to find that they had lost probably by investments in South America That naturally made commotion naturally the Ilrst thing they did was to commence to unload American securities The first no tlco tho bankers of New York received was not only that there was a mighty stringency in the money channels of Europe but through that stringency the holders of American securities there were clumping them on the market by wholesale This country had to receive and absorb them and so every dollar was required and it was required at a time when the securities of this coun try through the extraordinary call were falling in value every day It is a wonder to us how those bankers in the East stood up under the pressure so far as they have been able to do it so far too at tho season of tho year when harvests had to be moved when there was a call for every possible dollar that could be obtained While it was a hard it seems to us it ought to give all men in America a higher appreciation of their own country and it ought to give them now resolves to depend more entirely on their own country for all that they want until the time shall corao when there will bo no more American securities beyond the sea when this country will build all the railroads that it needs open up all the mines that it needs build and carry on all tho manufactories that it noods cultivate all the land that It needs and be at once a self contained an allsufficient country by it self Any country that produces worth of wheat in a year worth of cotton every year worth of corn every year worth of iron every year and of gold and silver every year ought not much longer to have to depend upon any other country for any thing It needs Certainly so much hope as surrounds our country never sur rounded any country before so rcmch wealth as is of right our countrys due never attached to any other country be fore and it seems to us that the finan ciers of our country whose business is directly or indirectly connectedwith the business beyond the sea ought to be squaring their yards to depend entirely upon our own land and our own people for their present and their prospective wealth Business men say there la more diffi culty in borrowing money In Utah even at a relatively high rate of interest and more apprehension for the coming few months than they like to openly admit It is true that businesswas never better It is also true that there was never be fore so groat a demand for money to carry what may be called speculative enterprises It is true that former panics or contractions of credit have not been immediately felt in Utah But it is also true that at the date of the panic of 1873 there was very littlo money in Utah So late as 1877 there was hardly on deposit in all the banks of Utah Now there is probably These sums aro a pretty fair indication of tho relative business speculative and otherwise of 1S77 and 1SDO Then tho output of our mines was about a year This year it will be nearly twice as much It is the output of the mines that enablesus to finally settle balances against us But in tho last two or three years a great deal Eastern money has been loaned out in our towns and ou our farms on mortgage and as these mort gages mature the tendency is for the money to return to the East where suc cessive failiiros of banks and businesS houses show the contraction of credit and the general disposition to draw in loans untilrestored confidencebrings brighter timos It will be remembered that two years ago the great banking houses of the East and the presidents of leading rail roads met and formed what was called the Gentlemens It was to the effect that rates should be fixed as agreed upon and held there and that there should be no more paralleling of roads or extensions into one anothers territory without mutual consent In a letter to tho New York Stm published a few weeks since JAY GOULD showed the effect of an advance of rates of mills per ton per mile On tons moved one mile in one year by the Southwestern roads it was In the past few months there has been a irreat shrinkage in tlie 9000 of American railroad Lvv GOULD has taken advantage of it if he did not to some extent help it on to acquire hold ings in leading railroad sys tems that would enable him in conjunc tion with a few others to reform the gentlemens agreement in such a way that it could be maintained That is being ratified by the differ ent roads of the West and all but one or two of them will doubtless assent to it There will follow increase in rates sufficient to well maintain the railroads and to give investors in rail road securities a certain if not large re turn upon their money This policy if it can be carried out and notwithstanding Mr STTCKNKYS bad opinion of railroad officials it probably will bo will soon re store confidence these securities will be taken out of Wall street by investors who mnst have an income to live on prices will recover confidence will be restored and failures will again fall to their normal number and amount At least this is the hope and also the expectation of the general business pub lic hero and everywhere The volume of railroad securities is so vast and they are held by so many hands that a ma terial shrinkage in their price alarms and cripples not only holders of railroad securities but all classes engaged in business This is1 why the liquidation in stocks and bonds which has been going on since midsummer aggravated by a similar process in London and by a real lack of real money in this country was finally begun to bo felt in banking manufacturing trading and all business The success of the attempt to hold railroad rates steady and at a paying point as the beginning of the restoration of confi dence and the swelling of credit should be forwarded wo think in every way possible by tho entire business com munity Although the heavy payments to be made after New Year will ease the present monetary stricture some what still it Is only to tho restoration of general confidence which come with a material rise In prices of securi ties dealt in upon the Stock Exchange that wo can confidently look for perma nent roiief If Congress would in addi tion provide for receiving and paying in silver dollars or certificates all the silver offered that too would help and by February the business of the country ought again to be running on an even keel THE bluff about a largo British fleet being sent to Bahring sea next spring is all the more comical from the fact that the returns from that sea thlsyoar show that the seals are nearly extinct and that two or three years more ofwhole sale slaughtei like the last few will leave nothing therefor any nations to quarrel over We do nob believe that Great Britain is going to send any force of war vessels to those waters Lord SALIS BURYS correspondence with Secretary ELAINE did not furnish any plausible excuse for any such Invasion of those waters and England could hardly afford to go to war wi th the United States on a question of that kind so long especially as tho States ex presses perfect willingness to settJo the matter on such terms as are just If Canada only had Englands navy or if England only had Canadas disposition for a row thero mightbe trouble but as it is these people up in Ottawa can shake their fists and swear as much as thoy please and neither Lord SALISBURY nor Secretary BLAINE will lose any sleep on that account Parfoet The Her A Antoine of Eefuslo An far as I am able to I mink Pastor Koo uigs Nerve Tonic is a perfect success for any suffered from a most painful nervousness as I did I fesi now like myself again after laJkiug QioToata A Strong Proof OnUjLiA CANADA Jtuio S3 IwaS first attacked by opilopsy in 1878 residing in Now York I consulted the best physicians but they could only arrest the caaso tho honest ones told rue then thero was no cure for X vraa compelled to up my occu pation and rfltum to Canada In 1373 tlnco Lhon I tried innumerable remedies and consulted EOUIO of tho best iDhyaicians but nothing bene Utort me until I began to use Pastor Koeniga Norve Tonic in September 88 tince thtn I liad DR O W TIBBITS EYE AMD EAR DISEASES 10 K lit Bontli St Salt CltS 155 S flain SU Salt lake 2461 Washington Quns Rifles Ammunition Thomson Waterproof Boots General Sporting1 Goods We havo a carload of sizes ind we offer them at the following low prices Boys Safety darge Bojrs 27 Ladies Meus Call anii examine our stock Illustrated Sporting Goods ftea to ui v CHICAGO LIQUOR HOUSE FREJ S HADRA AND RXTAEL Whiskies Wines And Imported Liquors JXMUESTIC KEY WEST HAVANA CIGARS 44 and 46 E First South Street TO OUR1 PATRONS Ko more appropriate to acknowl edge gratitude to my customers than the approaching will donate to every1 cirtomor buying one gallon ol laquor at bottle of Best Wine from December 15th to January 2nd Larger buyers raceue presents proportionately Trspectfully CHIC AGO rMtU01t HOUSE 44 and 49 E First South 1 or for season vrill froo to nay aadroBH uuil poor patients can also obtain this medicine Irco of chavgo from ne Thic remedy haft beou prepared by Uio Kevorond Pastor Kcenig of Fort Wayne for tbepaflt ten years and is now prepared under his djrcc 50 Wist Hitaon car dintca CHICAGO ILL SOLD 8V DRUCCCSTS Price 1 Bottle 0 tor 9 5 For sale by A C SMITH Drujf Salt fake City Utah 44 EAST SECOND SOUTH STREET Has a number of pieces of desirnblo property improved and FOR SALE OK EXCHANGE or AMONO THEM ABB A hiislnnss corner 5x5 rorlf A lot 5x10 rods on Soventh South Ahousoof six rooms and nil modern appoint ments largo lot with front and roar just the home for a gentleman and family Building lots on Savoulh Eichth and Tenth East streets Twentyfive iiores in one lot on Enst Bench Fivnacro villa on East Bench The above is in best position of nny now for sale near the Ho has a nrmber of small lots in different parts of the city principally on thu tfist which ho will sell on terms easy for workmen and if de sired will bviild houses rnnping from S500 to thon place thorn on monthly pay ments uofc greater thnn rents paid for small houses house of 5 or 6 rooms with large yard room in southern part of city Alot for subdivision into 4 lots or 4 lots adjoin ing East or South between Gth and 12th sts MONEY WANTED Several small loans on short time TO Houses in desirable part of city Kach has 3 rooms bath and all modern con veniences MONEY TO sums of 51000 each One of in ono lot and to be let in small Hums from fCOO to each MONEY sums of 51000 each on West side property S E cor Mam and 3rd TWENTY YEARS EXPERIENCE In compounding prescriptions and family recipes Our stock is large pure and fresh and embraces every thing in tne drug line A very complete line of imported perfumes and toilet articles Agents for Gunthers A magnificent line of HOL1DKY GOODS W H SHEARMAN President J B Secretary WHOLESALE AND RETAIL Are now receiving a choice of Fancy Staple HOLIDHY GOODS To attention of the publta ionsbting partially of FANCY BOTTLES Ltindbprgi Lazell Seetaya Lubini Etc Beautiful Cut Glass Sottles Qoverlny Bottles Triplicate Dressing Cases in Plush Wood and Metal Work Boxes Baby Smofcers Odor in great variety Traveling Cases and a1 full assortment of Toilet Articles for Ladies and Gentlemen The most complete stock of ChemlcaJt and Patent Medicines in the city f EuroGoods and prices low us lowest Orderivby mail or oxpresn receive careful and prpnjpt attentions r Physicians filled day or uiglit i v DJiTJG CO GENTLEMEN It Tvill interest you to see tine superior stock ol Scotch Cheviots and SmtingfS at Wallace new tailoring1 establishment Trjey are all of latest designs and newest coloriiigs calculated for a high class of trade sucli as we airrj at We truararjtee perfect fit and finest of irj every case We make a specialty of Full Dress arjdi Prince Albert suits WALLACE MERCHANT TAILORS 42 West Second South street 1st door West of Opera House ON HOLIDHY GDDD8 CLOAKS JACKETS DRESS GOODS BLANKETS HOSIERY UNDERWEAR Walter Bros Fyler Co THE WIDEAWAKE GASH STORE Never have such LOW PRICES been made in Salt Lake ON ALL MERCHANDISE as we are now offering Dont miss our BARGAIN COUNTERS ON OUR SECONO FLOOR goods are being sold REGARDLESS of COST OR VALUE Buy where you can get the BEST VALUES FOR YOUR DOLLARS Coma arid see the BARGAINS we are offering the coming week and you will very readily see it pays to trade with the ONE PRICE CASH DRY GOODS HOUSE IT WE KEEP OPEN EVERY NIGHT THIS WEEK QTRIMWAY ooooooooooooooooooooooi PIANOS O Tbfl Standard Pianos of the world the best instromenM at made exported to and sold in all art centers of the globe preferred for private and public use by fhi greatiit Bring artists and endorsed among hundreds of others by sucn as Wagner Liszt Rubenstain David Gounod Ambroise Thomas Thomas Heller Jaell JoacMm Josefy Rosenthal Rnmmell HASOU Mills Nlemaim Cainille SaintSaens Anton Seidl Carl Baermann Carl Wolnaohn And toy Mesdames Patti Ctereter Essipoff Adele Aus der One Parepa Rosa Minnie Hfeuk Emma Juch fro Sole Agents for this Territory CALDEBS MUSIC PAEACE 45 and 47 W First Son th FAL1L AND WINTER SHOES are in and up It is the largest the best the moat complete in all its varied lines ever received in Salt Lake Mail orders promptly attended to Try us and be happj B K BLOCH MERCHANTS 13 15 17 and 19 Commercial SALT LAKE CTTT Haye in stock hue of and WHIM and Cordials to Itiumni Co and Brj Cigars Strmtton Storm uudiJEduarda H v SOLE Telephone geg JMCAII OKPEgB   

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