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Waterloo Daily Courier (Newspaper) - July 24, 1895, Waterloo, Iowa Established Daily Established net Single Copies Five Cents WATERLOO IOWA WEDNESDAY 34 1895 WHOLE NO THE FOWLER COMPANY Wholesale Grocers DEPICTED BY HORE The Secretary of the Interior Pictures the Result of 16 to 1 Coinage THE DAY LOSE BOTH GOLD AND PAPER Manufactories Would Close Workmen Idle and Produce Without Market 5 Af IT DEFECTIVE If so DONT buy a pair of specta cles of some peddler and ruin your eyes but come to us and liave your eyes ately fitted with properly made lenses EYES TESTED FREE BY AN EXPERT OPTICIAN Our JEWELRY and de are well good values Opposite Logan House 3 Williams e Item Attorneys at Law Collections Made Office over Frank Bros House WATERLOO IOIA J C No 215 WATERLOO IOWA CHAS L STUBBS PHYSICIAN Offices I 7 E Fourth St Residence Almond street Waterloo Iowa HOME TREATMENT FOR LADIES Office 521 West 4th St Hours 1 to 6 p m Lady attendant CONSUMPTION CURED by a Specific Vegetable Ger i Injected directly into the blood Hypodermically destroying the Germ or 1 Bacilli For particulars address Fullerton Consumption Care C K STEWART M D Homoeopathic Physician and Special attention paid to Operative Surgery Obstetrics and Diseases of Children Office in building corner East Fourth and Wfc ter streets Residence 321 Irving street DR E B Satisfaction guaranteed Office Block E 4th St DR G J MACK SPECIALTY DISEASES OP THE Ear Hose and Throat SPECTACLES FITTED In Street WATERLOO IOWA GEO B MILLER ATTORNEY AT LAI J E SEDGWICK Attorney and Examiner of Land Titles Complete Set of Abstract Books OFFICE BRIDGE STREET Office No 627 Commercial R K ODELL COLLECTION ATTORNEY AND NOTARY PUBLIC Ga July 24 tary Hoke Smith delivered an address on the financial question to a large audience from the surrounding country After speaking of the regularity with which panics occurred and the similar regularity with which they were fol lowed by a proposition to mend mat ters by using bad money the fact that they had always been remedied with out the use of unsound currency of the absurdity of the claim that the price of silver and the price of wheat and cot ton kept step Secretary Smith said The value of silver bullion has fallen since 1873 on account of the lessened cost of production on account of the enormous increase in productionand on account of the decreased demand Al of these elements entered into anc helped cause the reduction of the value of silver ti To restore the price of silver to its value in 1873 you must remove all the causes which have reduced its value Concede for the sake of argu ment that the action of the United States was one of those causes it is il logical to claim that the removal of tins one is the removal in effect of all others No Need Even to Try It f But it is urged that the States should try the experiment and if it failed then abandon it or change the ratio Thex facts stated show con in advance that it must fail To lift the value of grains of silver in the United States from 50 to 100 cents it would be necessary to lift the all the silver in the world to the same extent less the of transporting it to the United States In addition to this if the silver mines can afford to continue increasing their production as they have from in 1873 to on a market which has fallen 50 per cent what would they produce on a market which had risen 100 per cent The volume to bs raised in value ex tends to the earths deposits as well as to that heretofore rained The Effect of an Election The immediate effect of the election of a president committed to such policy would be the separation of the gold and silver dollar the gold dollar going to a premium of about to We would lose at once about 000 in gold now in circulation and in the treasury greenbacks amounting to still outstanding would ba hoarded with the hope that the silver if passed at all would still be re pealed This would take place imme after the election of a president in November 1896 and probably even after the nomination by either of the great parties of a free silver candidate The new president not be in until March 4 1897 Dur ing the six months or it would be possible to pais free silver legislation the contraction of che cur rency just described would precipitate most serious consequences Those own ing gold obligations would put a strain upon the remaining silver currency and j the bank to bur gold to meet i their gold obligations Currency Be Useless The currency consisting of checks and bills of exchange amounting to 95 per cent of our entire currency would go out of use in consequence of loss of confidence and credit and the result would be the withdrawal of per cent of our entire currency and the paralysis of business would immediately follow Banks would be raided by their depositors not payable in gold would be collected at or the property owned by debtors taken from them Merchants would fail manufactories close workmen be idle farm products without a market and poverty and distress willbe found on all sides Picture Xot Overdrawn Concluding he said The picture is not overdrawn When I contem plate it there is but one source of com fort it is an abiding confidence that with twelve months of full free dis cussion the American people can be relied upon to overwhelmingly defeat any party which proposes to bring such disasters upon us It is a source of gratification to Democrats to know the troubles of 1893 were brought upon the country by the unwise legislation of the previous admin Your representatives at Washington were confronted with many difficulties No civil cri sis has been more serious Let the return of prosperity let the daily news that factories are again work and that one million wage earners have had their wages increased let the rise in value of farm products tell how they have succeeded The McKinley has been repealed the credit o the government has been preserved money has been kept sound and wo will go to the country in 1896 with the party fighting further high tariff legislation opposing bad money and assured of success Tho Scottish Order of St Andrew is claimed to IKS one of the oldest in Europe Ib was founded in horror of tho patron saint of the in 787 Claims That Some Good Has Been Accomplished by the Debate CHICAGO July The contention of Messrs Horr and Harvey over the silver question was resumed in the Illinois Club house The sixth days talk was opened by Mr Harvey He said that the debate of the last session was of value as sho wing that during the past 40 years silver had been steadily coined in spite of the assertion to the contrary that by the table from the reports of the mints fche commercial ratio between gold and ilver had been maintained at about the French coinage ratio of to 1 for 200 years that during the two years since 1878 as the result of de the commercial ratio had declined to 32 to 1 that in the years prior to 1873 the quan tity or ratio between gold and sil ver had ranged from 56 of silver to 1 of gold to 4 of silver to 1 ftf gold and that during all that time the commer cial ratio had clung closely to the legal ratio During all that time the com price of silver bullion had re mained steady Since 1878 it had steadily and rapidly decreased It was influence of London in exchange to all parts of the world which led to gold being recognized by the world as the standard in all com transactions Mr Horr in his opening remarks proceeded to call attention to what he called misleading statements in Mr Harveys book For instance he de clared to be untrue the statement that it was believed that the cost of producing all of the gold n the was about pier ounce while some put it much higher Mr Horr pointed out that there had been a vastly increased pro duction at greatly reduced prices At the cost which Mr Harvey spoke of the silver miners in three years would have lost over OOOOOO Again Mr Harvey had put the ag gregate amount of silver in the world at about It was esti mated that there was about 000 Late Reports Show Previous Estimates to Have Been Much Too High SMUT DOING SOME DAMAGE WE HAVE THE BEST YOU CAN BUY ANYWHERE FOR THE MONEY Minnesota and the Dakotas Will Produce OOO Bushels July every grain receiver at has received from his Dakota reporters in most cases men who have been sent from here to investigate reports of great damage to wheat by smut The re ports in addition were to the effect that the crop had been overestimated in the first place and that it had de during July and especially since the cold weather set in so that it is now not believed that the crop of the Northwestern states will exceed 100000000 bushels whereas 130000000 bushels has been the lowest estimate here tof ore EARLY AND EXCELLENT Northwest Of buying a Warm Air Furnace we shall be pleased to make an esti mate and refer you to some of the most economical and best working Furnaces in the city put in by us the past ten years WE PROMISE FULLY GUARANTEE ALL WE UNDERTAKE CUTLER HARDWARE CO 000 Mr Harvey had said the debts of the United States amounted to That was an absurdity The of the amount of interest which the States paid to Europe was also TALKED TO EDITORS Missouri Pencil with Silver ings Hear Cockrell SEDALIA Mo July at tendance at the Democratic editors state convention has the most sanguine expectations of who promoted it Editors are hers from every section At 10 a m a business meeting was held at the Elks club rooms Colonel William Switzler of presided as chair man H J Groves of Lexing ton was the secretary Committees on permanent organization and addresses were appointed and the meeting ad until 1 oclock for the election of officers At 11 oclock Hon Rich ard P Bland delivered a lecture at As sociation park Senator Cockrell ad dressed the convention in the after noon Such Is the Cattle Crop in Season ST July business this season is early and excellent On the whole it will be as good as last year for the railroads and much better than usual for the growers Speaking of the situation Division Freight Agent of the Northern Pacific said is a good deal of cattle shipped now and we are getting good prices for range cattle which come princi pally from the ranges of Western North Dakota on the borders This is early for cattle ship ping and in this respect we have a remarkable season We do not usually begin to ship before the middle of August in earnest but the grass is excellent and cattle are in good condi tion The shipping will spread from the territory mentioned gradually westward Some shipments are now being made from Montana and wo have orders now from nearly all parts of Montana for the first week in August The shipments on the whole this sea son will be as good as last but better prices will prevail DURRANTS TRIAL BEGUN Motion for a Change of Venue Made by Defendant SAN FRANCISCO July trial of William Henry Theodore Durrant for the murder of Blanch Lament in Emanuel Baptist church last April began this morning Upon its con he will be tried for the murder of Minnie Williams committed in the same edifice The attorneys for the de fendant moved for a change of venue In support of the motion Durrant had a bulky affidavit containing all the ar ticles published in local papers concern ing Durrant and connecting him with the Emanuel church murders The reading consumed the entire day Dur rants incarceration has made him paler but he is stouter During the proceedings he displayed no feeling and little interest DULUTH AND IRON RANGE L 8 PARSONS WHOLESALE AND RETAIL MUSIC Tm THE W W KIMBALL CO the Music EMM in fo Worit THE NEXT CONGRESS Already Length of tne First Session Being Discussed WASHINGTON July men in Washington are already beginning to discuss the probability of the length of the the next session of congress Public opinion is largely in favor of a short session and is based on the belief that both parties will want to get away for the campaign at as early a date as possible Is is said Mr Reed feeling practically certain that he will be elected to the speaker ship has already virtually com the house committees at any rate he will be able to announce the appointments very soon after the convening of the two houses on the 2d of December Should the house committees be announced soon after the beginning of the session and that body gets its work well under way be fore the Christmas holidays it would be a decided innovation Few con gresses in recent years have begun the session without this plan as a part of their programme and few have suc in putting it into execution QUESTION OF SUFFRAGE It Is One of Considerable Importance i Now WASHINGTON July 24 Delegate elect Frank Cannon of Utah outlines what will probably prove a very inter esting question in connection with the election which is to take place in that territory next November when the constitution adopted by the recent con convention will be present ed to the people for their ratification or rejection and when also state and county officers will be voted for The constitution provides for female suffrage and the Democratic leaders have taken the position that under this provision the women should be allowed to vote at the election in November especially in view of the fact that of are to be elected The Republi cans on the other hand contend that Utah is still a territory and that this election must be held in accordance with the forms provided by congress which do not permit of the exercise of the elective franchise by women A general effort on the part of the ladies to vote might in view of the conflicting claims produce important tions in the future SHOT AN ATTORNEY Continuous Downpour DENVER July special to The Republican from Albuquerque N M says It has been raining for 24 hours north and west of this city and is still pouring down here On the east side of the river a small mountain stream four Santa Fe passenger trains are tied up New Mexico has had more rain in the past two weeks than in ten years before Not to Consolidate MINNEAPOLIS July 28 rumor which was current among members of the chamber of commerce on change and which caused considerable sur prise was that the Northwestern Con Milling company was about to sell its business to the Washburn Crosby company or that in some man ner the two companies were to be merged into one It develops that there is no real foundation for the rumor Wanted Work NEWBURGH 1ST Y July B Cole manager of the Singer Manu company was shot in the left shoulder and left hip by Harry Perrine an insane man and seriously wounded Perrine called at the resi dence of Mr Cole and asked for work and on being refused shot Mr Cole John Malier of Lake Used an a DEVILS LAKE N Dt July W Maher a prominent attorney of the state and one of the foremost citizens of this city narrowly escaped death at the hands of an assassin He was on his way home to supper and while engaged in conversation with a dray man Patrick McNamara approached him and without a word of warning began shooting at him with a revolver The first bullet struck Mr Maher in the back Maher ran and McNamara followed him up and emptied his re volver none of the other shots taking effect Mr Maher had recently sued McNamara for attorney fees winning his suit which angered McNamara Doctors succeeded in removing the ball and say that Mr Maher will rapidly recover McNamara as in Decision Its to Swamp Lands ST PAUL July Attorney Gen eral Childs has rendered an opinion to State Auditor Dunn in which he holds that the Duluth and Iron Range road is entitled to its land grant which was forfeited in and renewed a few years later when the company was al lowed to change its terminal point Found a Stained Dress the police examination of the house of H H Holmes a portion of a womans wrap per torn and stained was found The gown was of dark goods with white trimmings and on the white cloth were found several dark spots resem bling either iron or blood stains The nature of the stains could not be deter mined and the dress was sent to police headquarters where an analysis will be made Illinois Crops Grow CHICAGO July 24 The Illinois weather crop bulletin says Although the rainfall during the past week was light in the southern section the aver age for the state was nearly twice tho normal fall which with temperature above normal has made the week an exceptionally favorable one Corn has made remarkable progress and is gen in the silk with oars shooting in many early fields Confessed to Arson KENOSHA Wis July Rosenow one of the men arrested in connection with the burning of the plant of the Chicago Bedding company has confessed that he applied the torch The concession was made to Chief of Police Stemm and Detective Cowie STOCK COMPLETE All work Every thing sold on easy Capital and Surplus Commercial National Bank W W Miller W XH JL 9 H C AMt Commuted a Death Sentence WASHINGTON July dent has commuted the death sentence imposed on Thomas J Taylor who was to be hanged Friday for the mur der of his wife It is asserted that Taylor was driven to the deed by his wifes Tin faithfulness WM WAGNER CHOICE mm Celebrated Schoenhofen Chicago Beer for Family Use Strictly pure goods only PRICES REASONABLE GOODS DELIVERED 629 Sycamore Waterloo Iowa G W BUNN ITU ATT O3 I COAL AND WOOD DRAIN TILINGS CEMENT and Charcoal a Specialty Telephone No IS Office near C a W East Side Depot Waterloo Iowa NO BOODLE INVESTIGATION Illinois Promptly Vote Down Resolution SPRINGFIELD His July 23 The threatened dragnet boodle tion of the Illinois legislature was de Representative Jonathan Mer riam offered his resolution in the house calling for such an investigation and it was lost yeas 89 to 39 nays not enough to suspend the rules Several members voting against the resolution explained that they would favor an in if specific charges were made Another Indian Institute TACOMA Wash July iOO superintendents agents and teachers from the Indian agencies west of the Mississippi river were present at the opening big Indian in Dropped Dead DEADWOOD S D July one of the best known and wealthiest men in the West dropped dead while walking along Main street Rapid City liia home Ohio Campaign COLUMBUS O July Re publican campaign in will be opened Sept 10 The meeting will be at Springfield Sherman presiding with McKinley Foraker and Jones as speakers NEWS BRIEFLY REPORTED W R FRENCH nr HIDES PELTS TALLOW FURS AND WOOL HIGHEST CASH PRICES 512 Lafayette St Waterloo Iowa Carson Nev capitalists are consid ering a plan of offering for the fight if it cannot be pulled off in Texas Disputed Over Sheep HOT SPRINGS S D July Lame Johnny Creek Job Taylor a young rancher was shot and instantly killed by Horace Crofford of Custer county and an exten sive sheep owner The trouble arose between the parties over the posses sion of the range for sheep Crofford self defense Illinois Central Excursions Denver Pharmaceutical Asso Aug Boston Conclave Knights Templar Aug Louisville Encampment G A R Sept 1014 Cedar Rapids Stenographers As sociation July For full information as to the above Illinois Central excursions call on your local ticket agents or address the undersigned at Manchester Iowa J F A A Declaration Silver PORTLAND Or July Davis secretary of the Democratic state central committee has sent a circular letter to the chairmen of the county committees as to the propriety of calling a state convention for the purpose of adopting a declaration re garding silver Knights Templar Boston Mass On account of the Triennial Con clave of Knights Templar to be held in Boston Aug 26801895 the Chicago Great Western Railway will sell sion tickets at one firstclass limited fare for the round trip Tickets on sale to Aug 24th inclusive All tickets good to return up to and including Sept 15th except that tick ets which are deposited with the joint agent of the Boston lines may be ex tended to 6th Parties desiring to go one route and return an other may so arrange when purchasing tickets For rates and further infor mation apply to the CG W Bj agents
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