Olean Democrat Newspaper Archives

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  • Publication Name: Olean Democrat
  • Location: Olean, New York
  • Pages Available: 8,237
  • Years Available: 1880 - 1895
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View Sample Pages : Olean Democrat, May 15, 1890

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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 r-vnrrf''' a T-i.rTv.j- 1 i ,-r, iTn i n fr'm t >e T i1 i- T 1 e r'lv the TIT-S K j t i an advance Of! r'-d rf ti I- Viv ...vr f P- m P .1 f ti t i] jt -PI T-.--1 I ir h of unt.l rrt'- j' T-', >1 j- v f n i ad" -t >rl- I'T ;