davidaulloa/AmericanStories huggingface dataset:
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-04-02
NATURALIZATION BANKERS.
Views Of New York Bank
Officials.
Pros and Cons on Congressional
laundering.

Yesterday several presidents and other Officers
OF banks were called upon by HERALD reporters
with view OF asccrtaining what they think about
the imitation projects OF Congress- few OF those
called upon were unwilling to speak their minds
freely upon the subject, but the subjoined state
ments by few of the more prominent officers Will
be found OF interest. 1t Will be seen that the
opinions given are by no means all one way.
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-04-02
The Fourth National Bank.

Mr.. A. Lane, cashier Of the Fourth National
Bank, said THE President Is absent from the
city, but certainly do hesitate to say, II am
asked my opinion In regard to this Four Hundred
Milton Currency bill. that am opposed to 1t. The
first effect will be TO awaken industry. IL may
start mills again and give employment to many,
try. After business gets settled again ana gold
goes to the figure which 1t must reach, on account
OF the decrease In value OF paper, everything must
60 to higher figure. These are, OF course, my
personal views, and in no wise represent any one
elSe.u
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-04-02

In his talking about 81. 200 note issued BY IL ~
not being guaranteed p A the President OF this
bank was not willing 10 have MS name mentioned
Ia the paper, and refused TO converse with the
reporter az reporter. II may be as well 10 show,
by the speech or Mr.. John Il. Williams, made at
meeting OF the Clearing House Association. on the
ZIthoi September last, what he thinks ABOUT inna-
tlon In that speech he said What Is the mat.
ter The matter Is simply tnis-we are too rich
In wheat pork and cotton for our nnan-
clai pocket That's all. Don't DO alarmed.
we are not poor, we are not heightened;
OF greenbacks. TO take the pace-and q little
more-oi those we have sent West 10 move wheat
East. The merchants are sound; the country 10
sound. We are richer to-day than ever were
before but our volume OF currency Is too small for
cousins as not to be able TO help ourselves 70 the
needed remedy when IL Is within our reach Can
and the Of ~ ne New orS no
eood ior = Treasury deposit or $50. 000, 600 or
$4,000 goo OF Treasury notess But the banks must
Dc re used because there is specific law to direct
technical off1cer OF the Treasury IN this case
Such deposit ~ the associated banks Of New York
would cure this brokers' panc-and that's all IL is
III fifteen mnuteai and, most likely, not one-quar-
ser OF the amount would be touched. l say again.
and by neglect OF those VINO ought to provide all
the currency necessary to do the business OF the
country without jar or friction: This is what is the
matter. simply and truly Now Tor the remedy.
You all know that when the Bank OF England, In
1888 and 1874, received Its present charter, Sir
Hopert Feel separated the discount from The issue
department.. He gave us ia tnls country
credit for the idea, which originated IN the law OF
TINS state, passed IN 1888. lnat was the nrst law
ever passed In the civilized world that REQUIRED
bank bills 10 be secured outside and independents
or the bank. The English statesmen saw and
caught the idea. They partially adopted IT, They
made the maximum OF circulation Ella 600 900,
the amount the government owed the bank
Then all the circulation above that was to be se-
cured 10 the bank by deposit OF an equal amount
In coin. Now this, to u.s. $40 000, 600 circulation,
seems mere bagatelle, and is would be 10 thrs
vast country. And the bank mas three times since
1874 had to increase the volume by paying out It's
reserved notes In violation OF its charter 1t does
not hesitate TO do 80 whenever an expectation OF
coin IL excessive the rate OF interest Is uncom
fortably high. What thenY Then the bank applies
to Parliament for an act OF indemnity, and 1t Is
granted forthwith This, then, Is our remedy.
which ought to be used precisely as the Bank OF
England uses hers under similar circumstances.
In England the bank don't ask consent; IL meets
the pressing wants OF the community with sure
and Immediate remedy--the issue or more notes.
Mr.. Williams. 1t will be seen by the above, Ia Q
hearty in1ati0nist
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-04-02
WA SHINc ON.
The Debate on the Currency Bill
Approaching Conclusion.
THE SPECTRE OF FREE BANKING.
The Amount of Currency Required
by the Country.
LOGAN'S ARTFUL WAYS.

The possibility OF a ne,c issue OF tnc0nUerttole
paper Iregard 10Th ansGzement and an1ietN and,
In my judgment, such issue Uould be a det'5-
naent ana q shame.-CHARLEs SUMNER.
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-04-02
The Park Rank.

The President OF the Park Bank is opposed to the
Four Hundred Million bill becoming law. He said
that the great trouble about our finances was that
we had an irredeemable currency. He believed
that the issue Of the $4,000 900 was only dose
ton business was once begun the doses would have
to be repeated every now and then, and no one
could tell when the end would be. II the govern
ment was In straits he believed that, instead Of
increasing the volume OF the currency, IL should
borrow money aud get Ii at as low interest as pos
Sible.
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-04-02

The possibility Of a netc issue or t1IconUertt0t6
paper regard tcith amazen,eni ana onrtety, and,
IN nav Judgment, such issue could be detrt
7aent and shame -CnARLES SUMNER,
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-04-02
The Hanover Bank.

President William II. Scott, OF the Hanover
National Bank said ~ have no objections what
ever to giving you my opinion regarding this bill.
l am opposed to it. 1t Is an unnecessary measure.
Money Is easy and plenty Of 1t can be had at ave
per cent Gold has already felt the effect and has
gone up ABOUT three per cent in consequence.
The I'm mediate effect will be that people viii rush
into the street to make fortunes, and you Will
see more transfers OF stocks In the three months
following the final passage OF this bill than you
have ever seen before IN the same length OF time.
The dry goods trade win be lively for time, but
fear that the payments next spring Will not DO
quite rapid The sales will be this spring. Real
estate will improve and the sales will be at good
figures Tor time but there must be reaction after
all this fictitious increase tn values, Just as there
was last fall and two years ago. rhe passage OF
this bill will make the paper dollar less than
eighty-sX cents. This must affect the prices OF
everything eventually. The sale OF $5,000,000 OF
gold by the SubIreasurer will not help the market
twenty -lonr nOurS.f
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-04-02

pdpe, I regard Nth dndzement and anxiety. and
IN mv Judgment such an issue scould be detri-
ment and a shdne.-CHARLEs SUMNER.
The Howard Investigate
In the Howard Court to-day the testimony of the
clerks in the Second Auditors ONCE was con-
tinued as 10 the manner OF discussing money under
the Freedman's Bureau. Mr.. Sims, the chief OF
one OF the divisions in the Auditors ONCE stated
he did not think General Howard could have
known or rectihed the mistakes OF other dis
bursting officers for which he was held respon-
sibie.
The Judge Advocate made an argument favoring
a motion that Ire submitted, reading the opinions
OF the Third Auditor and Second Comptroner as
part Of his argument wherein these officials de-
clded that ACCOUNTS conld not be opened
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-04-02

The possibility or a neao issue or faoonpeygfole
paper regard sctth anaazement and anxiety and,
in my judgment, such an issue tco,ad be a detri-
meat ana a Shdmse.-CHARLEs SUMNER.
, 1874-01-18

We stated, says Galignanss Messenger, q short
time ago, that Belgian peasant had made tho
extraordinary discovery that earth, coal. and
soda mixed up together would burn ns well and
better than any other combustible, and the fact
has since been proved beyond doubt. The way
in which he found this out is curious. He had
been scraping the floor Of his cellar with q
shovel in order to bring all the bits Of coal lying
about in q heap, which, mixed as it vas with
earth and other impurities, he put into his stoye
TO his aatonshment be found that this accl-
dental compound burnt better instead OF worse
than he expected, and emitted much greater
heat. Being an intelligent man, he attempted
to discover the cause, and found that great
deal OF soda probably the remnant Of the last
wash, lay about on the floor of the cellar, and
that some OF it must have got into his heap.
He then made few experiments, and at length
improved his compound sufficiently to render it
practical. The publicity given in Belgium to
this discovery caused trials to be made every
where, and it has now been ascertained that
three parts Of earth and one OF coaldust, watored
with concentrated solution Of soda will burn
well and emit great heat. Many Partisan papers
talked OF it, but only one, the .Mon1teuT, went 80
fur as to make the e1teri1nent at its printing
Office. certain quantity Of friable and slightly
sandy earth was mixed With the quantum OF
coal-dust prescribed; the two ingredients we're
well Incorporated with each other, and then
made into q paste with the solution above men
toned. The fireplace Of ono Of the boilers had
previously been lighted with coal, and the fire
was kept up with shoyelsfull OF tile mixture:
The latter, In q few seconds, was transformed
into brown, dry crust, which soon after became
red-hot, and then burned brightly, but without
combustion is, therefore, we'll ascertained; but,
before the system can be universally adopted
there arc some important points to be consld-
cred, such Us the caloriio power Of ths mixture
compared to that Of pure, coal, its price, and,
aftnchru tn it-ita fnn1fnp tFa fire-prHtA cOnBid-
, 1874-01-18

a AuNSlAS SAOOk1HkstA11SaAEs
Cana, Kan. Jan. 81 correspondenes Of the Indepers-
- dence Tribune.
A shooting affair took place this afternoon
in Howard County 4 deadly feud has for some
time existed between Mr. &. D. Gartman, who
has kept harness shop in Cana, and resides on
his farm three miles north Of town, and jim
MunnH, who had long been an intimate friend
Of Gartman's. The friendship between the two
Was broken about year ago, BY the latter lis
covering too much OF an intimacy between
Munns' and Ills (Gartmans) wife, and Gartman
swore vengeance when she ran of with Munns
last September. He even followed the guilty
pair to Arkansas but, changing his mind, re-
turned, and has been staying about Cana ever
SINCE. A couple Of weeks ago Munos returned,
leaving the woman at Fort Smith, in order
to give the wronged man satlafachon, but
gas careful not to meet Ga-tman until to-day,
when ho, with Simpsons connivance, sent q
small boY to Gartman With the information that
he could be- found at Simpsons. Gartman arm
ed himself. mounted mule, and started to meet
his DOOM Dis1nounting when within g short
distance Of the house, he was moving cautiously
along, when Munns fired at him from An ambush
with bis rifle, woundipg him badly and knocking
him down. Rushing npon bis PROSTATE victim,
the fiend tore his revolver from him and shot
him four times through the ne1k; thigh; and
legs breaking both legs above the knee. 1.eav-
ing him for deal, MunnB jumped upon his horse
and t'put " for the criminals resort-the In
dian nation Gartman WAS carried into aimp-
sons house and Dr. Taylor summoned 1t last
accounts he WAS etn living, though not able to
survive long. Simpson was arrested, and PARTIES
started after the murdezer.
, 1874-01-18
All for Love--Suicido Of Senior Pedro
G. Armiio, the Great Shcep-Katzer
~

From. the Kansas city Times Jan. IA.
The readers Of the Times will perhaps recall
to mind an interview published In these columng
q few weeks ago with the s'mutton millionaire -
of Albuquerque, New MEXICO. At that time this
young gentleman had just arrived at Kansas
City On his way to Mexico, and was flushed with
hope and prosperity, hoping soon to claim as his
own one Of the fairest daughters OF New Me1i-
co, Miss Lena -, daughter ct the senior rnem-
ber OF large and influential wholesale CONNER
cial house at Grenada, the present terminus OF
the Atehison. Topeka 4 Santa Fe Railroad. But
this handsome and enterp1ising young Mexican
Was doomed to q terrible mental shock which in
moment OF impetuosity lost him his life.
It appears that he had been paying his atten-
tion to the sister Of the lady to whom his part
ner, Mr. Baca, has recently led to the altar But
from some reason rupture OF friendly relations
between the two engued, and young Armijo, un-
able to Withstand the agony Of disappointed
love, which to some high spirits is terrible tor
ture, decided to take his own Life. He shot
himself on Tuesday last and died on Thursday:
He WAS the representative OF one OF the
wealthiest and most influential families in Now
Mexico. Young and Of medium stature, adable
and pleasing in conversation, highly cultured,
having graduated in the st. Louis UniVelaity in
1866, where he was general favo1te. He Was
about Is or 26 years Of age, very modest, not
withdrawing his immense pastoral wealth BE
wa very enthus1asAc upon tha question Of
, 1874-01-18

The Flight OF Ebert a. woodward,
The story Of the flight Of Ebert A. WoodHsra
one of tho criminals connected with the Nav
York "ring," and the details Of his wanderings
to eludo arrest, are Published in the New Yo5a
papers. One account says: ION hearing that
he WAS in danger Of arrest he left Norwalk for
Canada; stopped month in Quebec, then went
to Montreal; next turned up at Now Liverpool
On the St. Lawrence, then secretly returned "a
Boston, where he shipped for Havana as sailor
under the name Of Spencer, On tho brig Hous,
ton. He next visited Vera Cruz and crossed
the iethmus for San Francisco. There he eas
recognized, and q telegram was sent to New
York. While there ho eaw Tweed, whose oyes.
land journey was no doubt PINNED with tbs
view Of meeting Woodward and discussing
ring affairs. He then wont to New Orleans,
Fernandina, and Baltimore, aud finally left fof
Europe. He made the tour of Great Britain,
meeting Connolly in Dublin. He then went to
Paris, Germany, Switzerland, and Spain, settling
down in Barcelona. While there the agent ot
the New York authorities lad several interviews
with him, and terms wcro presented granting
hi m immunity if he would turn States evidence.
There il every reason to believe the terms EiQ
bo accepted. He is said to be on his return to
the United States, and to be now within sn
hours journey of New York"
, 1874-01-18
The Agriculture Of the Future.

1
There is a curious and very radical article in
the December number Of Fr1ser's Magazine up
Oh farming. The writer's belief iB that in the
time to como q farm will be an Immense food
factory carried on by company. The compa-
nics will be joint stock concerns, issuing shares
OF from $50 to $3.50 each, and working from
5000 to 10000 acres. The buildings Of the
farm (such ia the scheme) must be placed on the
highest point Of land, so that water
and manure may be- conveyed over
s ihs amens f'ss' otber K s''s's sefee s6ss
q sheep. 4 whole staff Of butchers will DO en-
ployed to kill and cut up bullocks and transmit
the meat in pieces s1itable for the London mar
ket straight to the salesman, without the inter-
Tention Of dealer. The salesman will be in
meat The company will make an effort to get
moro than one crop in year. But the nlost
surprising Of tho results which await the future
of farming will be the ripening OF crops by
means Of an electric current passed through the
plants, OF BY Some other kind Of artificial heat.
One point OF which the writer makes much is
the impossibility Of profit in England from the
cultivation OF wheat. Wheat is almost the only
agricultural product which has not risen aimee
177o. The only sort Of corn which is much
dearer now than then is barley, the reason being
that barley is used in distilation and brewing.
In the last fifty years meat and dairy produce
have greatly risen in price. Yet wheat remains
the same, notwithstanding the rise in the price
Of labor and the increase in rents. No
increase Of demand has any important effect
upon the price Of CON-. A rise in wheat
will at once bring any quantity Of it to England.
The importation OF wheat by England in 1853
Was 5000, 600 quarters, OF 40, ,ooo, 900 bushels.
In 1871 the importation was nearly 10. .0oo, ,000
quarters. Yet the price Of WHEAT in 1871 was
lower than in 1860. It is very plain, says the
writer in Fraser, that wheat cultivation can no
longer be profitable, and it would be better to
use the land thus occupied to- raise produce,
which must be imported to England at 3 loss.
One Of the difficulties which the farmer must
meet is to find some green produce Which viii
take the place Of wheat In the rotation Of crops.
This obstacle the author Of the article thinks q
very serious one
, 1874-01-18
MEETING OF THE PHILOSOPHICAL
SOCIETY.
Lecture by Prof. Snider.

!: Lecture by Prof. Snider.
A meeting Of the Chicago Philosophical Socie-
ty WAS held in the Methodist Church Block yes
storday evening, and was we'll attended. The
chair was taken by Gen. Stiles, Vice-President of
the Association.
4 letter nns received from DR.. ]. 8. Jewett,
of Evanston, thinking the Society for his elec-
ton IS Al honorary member, and expressing his
readiness to do anything in his power to con-
tribute to the interest or to aid In fulfilling the
mission and aims OF the Society.
Another letter was received from DR.. Bland,
explaining his REASONS for refusing to sign the
Block.
Prof. snider, Of st. Louis, delivered an inter-
esting lecture on The Thought Of the Ameri-
can State System" upon which there
beine baz 10 nembes zobes40D Of TT the Association.
At the conclusion Of the lecture, Mr. Keith an
nounced that in q short time q Philosophio
leyee would be held, at which music, tho drama,
and eocution would be leading features. The
action Of the Trustees Of the Methodist Church
Block towards the Association having been
broached, the Rev. Mr. Taylor moved the passage
OF the following resolution
WmnE4s, certain correspondence has been car
ried bstween the Executive Committee Of the Phlo-
sophca Society Of chicago and tho Trustees Of the
Clark Street Methodist Episcopal Church and
WamEAs, sundry members Of said philosophieal !
fatally compromised therefore,
Resoteed That said Society rcpudtate the action Of
said Executive Committee In this matter and that said
Society demand Of said Executive Committee that they
III In no future Of such magnitude ake the re-
sponsiby of acting for the Society without tnstruc-
ton from the same,
On motion, the resolution..was laid upon the
table.
Mr. Anderson, Secretary Of the Association,
moved the following resolution:
Resolred, That this Society haa She utmost conn.
dcnce In the Independence, integrity, and purity Of
purpose Of the Executive Committed
On motion, this resolution was likewise laid
upon the table. After further discussion, in
which it WAS decided that the Society should OBJ
tain rooms in which they could discuss such sub
ject as they choose in such manner as they
thought fit, the meeting adjourned.
, 1874-01-18
LOCAL ITEMS.

4 kerosene lamp upsetting at No. 395 West
Sixteenth street, owned and occupied by Joseph
Mach, was the occasion OF 3 small fire doing
damage to the amount Of about 535 fully in
Bured.
About o'clock last evening James Marshall
fell from the sidewalk on Adams street near
Fifth avenue and was injured quite severely In
terpally. He was taken TO his home, 276 Chi
cago avenue, and physician called
About 7 o'clock last evening, man named
Thomas Bhi1lock was Run over by freight train
on the Chicag go 4 Northwestern Railroad At the the
Wood street crossing, and had his left leg
crushed. He WAS taken to his home, No. Go
Hubbard street, and died about o'clock last
night.
Yesterday afternoon, between 8 and / O'Clock,
horse ran away On Clark street, near Polk, and
ran over boy named George Rice seriously in
juring him about the head He vas taken to
residence, 1885, Pacific avenue, and attended By
his physician. The horse was stopped before
committing further damage
The Freia Scandinavian and Singing Society
yesterday evening serenaded Madame Nilsson
Rouzeaud at the Pacific Hotel. The Committee
Of Arrangements consisted OF Masars. Gustaf
Kyguist, President Of the Society: Henry L.:
Hortz, Secretary, and John Swenson, Musical
Director. The members Of the Society to the
number Of about twenty assembled at the
LaSalle street entrance about 1890 o'clock, and
gave Swedish selection, mostly tor
baritones and basses, entitled The Last
Days OF September" which was followed BY the
beautiful song, farewell. Farewell, NY Own
True Love-" given with fine effect, They were
then invited to come up to the corridor on which
Nina. Kilsson's rooms we're situated, where they
gave an Alpine song, in which the tenor parts
we're taken admirably; After ,Tspeating one
verse Of the Farewell, Nine. Nilsson invited
the members Of the aerenAdiug party into her
parlor, where refreshments were served. Mr.
NYauiat gave a toast Of welcome
to the Scandinavian Queen OF Song,
and the Society responded by the pecul-
Jar 81 Hral Hral Hral" of the GcandinaSians,
and drank the toast to the bottom. After q few
words Of reply from Nine. Nilsson, the Society Ct
corridors were filled with ladies' and gentlemen,
attracted from the Pacific Hotel hop by the
music Of the Society, and the latter seemed
rather embarrassed by the number OF their
audience. The open air would have been prefer
able for such eerenade, though tho musiaWas
very fine even in the confined corridor.
, 1874-01-18
Special Di.pateh to The cArca9o Tribune
u r1.u11uf 1ni4-E A1ArStFn

Special Dttp1fch 70 The CA1edao 7T7ta"e'
TIE REPuB11cASs ALARMED.
SPRINGFIELD, H., Jan. l7.-The Republican leaders
ars dsmayed BY te aspect Of Affairs and ara in fear
nf the farmers. They Gre determined to make
desperate struggle 10 cary the State at the next eeo
lion. and, knowing there is nothing tn the adnisra-
tton Of national aars which they can u2a as battle
cry they are casting around to invent some measure
Of importance TO the State which they can credit to the
party. What E1ore natural than that they enoo1a
rugS runB ATTENTION TO TIE RAILROAD QUESTION
sd take the wind ont OF the sails Of the farmers, ~
pasgne some bill to meet the popular demand Attne
coucus held Thursday night this subject vas 9s kea
yin bo held early next week Il vii be decided whetn
er the Republicans will n,aEe party question OF
rx4crEo THE SCHEDULES Ero LAW,
and, if decided in the affirmative & It ~ WI i BE- PIT Ut
obaerTe vhother tho farmers in the Honse and
Genate VIII fall into lire. o., following the e,
enple of their brethren in Wisconsin and IOWA. hoh
thenlgelyes aloof from party and act independently
The chances are that the issue Is mnde ne Pasty
III xobbIe most Of them, there not few bogus
rec :mers and farmers IN this General Assembly.
, 1874-01-18

Government Grain C0ntrNctS..B0nda
Bought up.
Special Dfspasch to 1ha Chicago Tribune.
OMAHA, Jan. 17.-Awarls were made to-day at tho
headquarters of the Department Of the Patte in this
city on bids to furnish 1ooo0 tushe1s Of oats and
2ooo GOO bushels Of corn, VIZ: Gan. J.. II Thayer
10oO bushels oats at 63 cents The accepted bids
9our contractors.
The Commissioners Of this county advertised for the
surrender Of $4,000 per cent and $15, 900 10 per
cent county bonds. Awards were made to-day to the
Union Pacific Railroad Company, $40 900 at 30 Cad-
well, Hamilton Co., $4,000 at 97H and the First
National Bank, s., 600 at 90.