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Newspaper
Lanark Gazette
Location
Lanark, Illinois, United States of America
Date
Feb 06, 1895
Page
6
President Cleveland appeals to Congress to authorize long term bonds to replenish the gold reserve and redeem silver purchase notes. He warns that current methods drain gold, hoarding abroad, and prompt urgent radical legislation to protect national credit and public welfare.
In a January 28 1898 message President Grover Cleveland urges adoption of a plan to restore sound finances. He proposes treasury bond sales and retirement of notes, gold payments for imports, and currency adjustments for national banks. He warns against additional bonds but pledges cooperation with Congress to meet national obligations.
At Caican on January 29 the Debs trial began with Wallace Rice testifying about the A R U convention of June. Debs praised union power while urging arbitration for Pullman, and a mass meeting launched the June 26 strike. C W Myron testified on enforcing orders to call Illinois Central men, challenging government links to the conspiracy. The defense argued Myron acted independently and the written order should be the sole evidence. Trial adjourned with Myron's testimony to resume today.
The North German Lloyd steamship Elbe sank after a collision near Lowestoft on February 14 with about 314 missing. survivors praised the Wildflower crew while listing American passengers believed lost. The Crathie's captain reported a crushed bow from the collision and the search by the tug Dispatch yielded no wreckage.
Washington January 20 In the house Mr Springer introduced a bill to enact the presidents recommendations offering 3 percent bonds payable in gold at fifty years with redemption of legal tenders and treasury notes and to allow banks to issue circulation equal to bond value The measure also retires silver certificates in larger than ten dollars and issues small notes to replace them All import duties would be paid in gold Springfield Illinois January 20 The body of Irwin Myers a farmer missing since Monday was found hanged near here with a bullet wound The investigation suggests he confronted trespassers suspected to be killed by them. his horses and wagon were found nearby
Survivors recount the collision scene with the Crathie sinking at Maasinis while the Elbe’s crew faced panic and delay. Disputes arise over the other vessel's actions and whether passengers could have been saved.
The banking committee reports an amended administration banking bill with a non-commit tal recommendation. Key changes include bonds payable at the government's option after ten years, notes cancellation limits, a new tax duty on notes, and a strengthened cash reserve requirement with a gold component beginning July 1, 1895.
New York and Chicago business leaders back the presidents financial proposals. New York chamber resolutions praise the presidents recommendations and send them to the finance committee. In Carcago bankers urge immediate enactment with a telegram to Senators Palmer and Cullom and to Congressman Aldrich. A merchants telegram repeats the call.
Advices from Honolulu report ex queen Liliuokalani arrested for complicity with insurgents in Hawaii’s rebellion. Leaders were captured and tried by court martial. martial law continues. Arms found in the queen’s home and imports fined. U S officials cautious, fearing exiling her to remove political influence.
Eight men are reported dead from freezing in the unexplored gold districts along the Seine river after departing Rainy Lake City in January. Survivors name William Mackey John Carter Tom Barlow Charles McGuire William Morton A McGuire Thomas Purcell and William Barrow. Temperatures sank to 40 degrees below zero as camps were scarce and many prospectors perished. Near Olney Stephens 21 was found frozen on the prairie between his parents’ home and town.
A Shanghai telegram says officers from the American warship Concord landed at Chin Kiang to shoot game and shot a Chinaman by mistake. The infuriated local population carried off the party, prompting the Concord commander to send a blue jacket and marine force for rescue. Washington officials awaited further details with concern.
From Hiroshima to Nagasaki the Chinese envoys sent to negotiate peace with Japan were found lacking plenary powers. They were told to return home while Tokyo officials said Japan would reopen talks with a properly empowered embassy. Count Ito Hirobumi stated willingness to negotiate.
Eastern Republicans push constituents to back the president on a sound currency bill as a senate tally shows forty seven for free coinage of silver and thirty nine against. Admission of Senators Wilson and Clarke would raise the total to forty nine in favor.
Prominent labor leaders back the Olney drafted arbitration bill as amended by the house labor committee. Letters from F P Sargent F M Arnold and others endorse the measure which preserves rights for both labor and capital and allows workers to be heard when receivers control railroads. Commissioner Carroll Wright says the bill upholds core principles and could steady interstate railroad operations, aiding industries.
No gold left the United States Saturday beyond jeweler and dentist use with none returned. Wall Street remains firm and active as exports for the week end total $7,286,100. Washington reports the administration secured a European gold loan possibly $200 million at favorable rates.
A freight and passenger train on the Indiana and Illinois Southern derailed after hitting damaged ties and a defective joint near Newton on February 4. Six people were reported hurt, including C. G. Ford and G. M. Adams, with five cars tumbling down a 15 foot embankment. No fatalities reported though all women aboard were shaken. The Ford Dramatic Company was on board.
In MvuskeGon Michigan Gray Brothers planning mill boiler explosion destroyed boiler house engine room and dry kiln. Watchman John Johnson was killed with no remains found. Loss about 12000 with no insurance leaving thirty workers unemployed. Plant cost 340000. Also notes veto on railroad rights through Indian lands and a Japanese dispatch about Chinese envoys.
The Illinois annual factory inspector report cites 150 sweatshops in Chicago employing over 97,000. Major issues include child labor under 14 and 16, calls to reduce hours to eight, abolish tenement-house labor, extend laws to mercantile shops, factory safety, and stricter compulsory schooling. Enormous lists of violators are presented.
Gov Altgeld granted full pardons to multiple inmates including George L Parrott from Chester prison for burglary S A Osterman Joliet prison for burglary F S Harper Joliet for embez zlement John F Miller Joliet prison for murder D M Medlock Winchester for abducting a girl Col Sloan death by own action in Rockford and other cases in Mendota and area, plus notes on a boiler explosion and local incidents.
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