Knoxville Whig and chronicle. [volume] (Knoxville, Tenn.) 1875-1882, 1875-08-04
TELEGRAPHIC SUMMARY
DOMESTIC.

MANSFIELD, OHIO, July Ex-senator
Thurman addressed q Democratic meeting
here to-day. In the course of his remarks
he said
''You, my fellow Democrats, are what
are called hard money men, and am q
hard money man; that is to say, we do not
believe in an irredeemable paper currency.
We believe that such currency must neces-
sarily fluctuate in value lead to speculation
and extravaganza, and benefit no one but
money shavers and spectators. We be-
lieve that our currency should consist of
gold and silver, and for convenience, paper,
convertible at par into gold and silver, at
the will of the holder.
snow, it has been roundly asserted that
the platform of our late convention means
just the opposite of our opinions, That it
means an irredeemable paper currency,
now and forever, and consequently that
gold or silver, or paper convertible into
gold and silver, shall never form part Of our
circulating medium. Bnt certainly no such
idea is expressed in the platform, nor do
believe that it is entertained by a majority
of those who approve it.
~ know that there are men who advo-
cate the abandonment of gold and silver as
money, who scout the idea of redeemable
currency, who assert that whatever the
Government calls money is money, and
who regard irredeemable greenbacks rs
the best currency we would ever see But
l do not think that these men constituted
| the majority of the late convention, or OF
its common resolutions. Had such been
the case their views would have been ex-
pressed without ambiguity. But you look
in vain in the platform for direct express
sion in favor of irredeemability, or a direct
assertion that gold and silver should be
demonetized.
at Advocates the substitution Of green
backs for National bond notes, but it no
where says the greenbacks should be ire
deemable; on the contrary it contemplates
| that they shall be brought to par with gold,
and although we may not be quite able to
| see how that can be done in the mode pro-
posed. Its disturbances is most distinctly
and fully recognized, and then as to infla-
ton the platform does not expressly de.
mand more currency, it denouhces contrac-
ton but does not say in plain words give us
inhation what it does say is That the vol
ume of currency be made and kept equal to
the wants of trade and this is all. Now
suppose that there is not and never has
been man in any civilized country who
would not say that the volume of currency
should be equal to the wants of trade
| The practical question is have we that vol.
ume now and upon this question the plat
form is silent"
New York, July 30.-Mr. Duncan stated
yesterday that at least fve-siXths of the
letters Of credit held against the firm were
secured. 1t is asserted that Theo. Moss
had 100000 deposited with the firm, Hen
derson s. Colville had $4,000, and VIM
Wheatly had a very large sum. j. l.. Tool
folds had their paper, which he bought {
fortnight ago, to the extent Of $4,000 II
j. Montague deposited with them his earn
ings here, and John Brougham had almos
his entire fortune in the house. John T
Raymond and W, l.. Florence both ha(
letters Of credit from the firm, as well a.
many others Of their professional associates
abroad.
NEW YoRK, July 30.-The Post says, il
regard to the report that the Atlantic anC
Pacific Telegraph Company is to be merged
with the Western Union, or practically con
trolled by the latter, there is no official con
frmation. 1t seems, however, conceded
that there is a movement on foot TO accom-
plish that end, but the report which ha
been current, that it had been accomplished
was premature,
A letter from st. Johns says the Spanisl
authorities at st. Johns, Porto Rico, tool
off passenger named Louis Venegas from
the British steamship Elder by force, de
spite the protest of the Captain, and it wa
reported that Venegas had been shot. l
is said he had position in the Spanish army
and absconded with public funds. He wa
on his way from st. Thomas to San Domin
go on the Elder, which put in to Port
Rico. When the Captain Of the Elder re
fused to give up Venegas a Spanish gun
boat took position in front Of her, ready TO
: action. The Captain then said he was no
prepared to resist by force and had to sur
render his passenger under protest. 1t wa
also said that Venegas was only politica
offender.
| INDIANAPOLIS, IND, July 30.-A cy
clone passed through Harveysburg, Foun
tain County, Indiana, last Sunday night
tearing houses to pieces, uprooting trees
and sweeping things generally before il
Five women and children were killed a
Cambridge City, Ind. and twenty FIVE fee
Of the track Of the White Water Valley RR