The home journal. (Winchester, Tenn.) 1858-188?, 1875-08-26
TIMELY TOPICS.


The mystery of the missing aeronauts
is solved at last. The body of young
Grimwood, the companion of Prof.
Donaldson, was found last week on the
shores Of Lake Michigan, rendering it
quite certain that both were lost in the
fearful gale which swept over the lake
on the night of their illstarred as
cension.
CARUTH, the Yineland editorial celeb
rity with q bullet in his brain, is not
getting along as well as usual. He is
half blind, and has to be led about.
Sanders, who shot Caruth, wants to
settle with him, but he does not put up
enough money. Caruth wants not less
than $4,000. Sanders has separated
from his wife since tho shooting affair,
and both men by that fatal pistol shot
have been made about as miserable
as mortals can become.
THE little mare Lulu, that came 80
close upon Goldsmith Maids fastest
time al Buffalo, has shown astonishing
speed and endurance at the races at
Rochester She won the free.for.all
race, after heroic contest, in very fast
time, making three heats in 2;lGl, 2:15!, |
md PIT, the fastest three consecutive |
heats ever trotted. Goldsmith Maid, in
the first heat of tho race, made 215l,
under strong pull from the distance
pole.
SPEAKING Of the Duncan e Sherman
failure, the United State Economist
says
The long delay in covering the let
ters OF credits issued to American tray
elers struck blow at the financial
reputation of our banks from which
they will be slow TO recover. There is
q general conviction that the time has at
length arrived for departure from the
present usage on this subject These
bills should be covered by cotton and
grain, the same as other kinds of drafts.
AS matters now stand the holders OF
American letters of credit are wholly at
the mercy Of the bankers. In England
and the continent of Europe there is
ouch q hostile feeling to American firms
that they will no longer touch any of
their securities.
PREPARATIONS for the issue Of silver
coin in place OF fractional currency are
in active progress at the treasury do
partment Secretary Bristow thinks it
will be necessary to sell two hundred
and fifty millions of five per cent. bonds
for the purchase OF currency, in addition
to one hundred millions already sold.
This will add materially to the interest.
bearing debt, but it will give the public
something tangible in the way of money
something that has not been known
for fifteen years. There is, however,
some doubt as to the authority of Sec.
retary Bristow to sell these bonds. He
claims the right to do so, and is sup
ported by Senator Sherman, but there
are other good lawyers who hold that he l
has no power TO sell more five per cents
than enough to make up the amount of
the issue prescribed by law-S500, OOO,-
600. As there are only $37 900, 600 of
the amount issued, there may be some {
trouble over the matter.
The Hermann monument festival
commenced at Detmoid, Aug. 16, with
the reception of Kaiser Wilhelm, the
Crown Prince of Germany, and Prince
Carl, of Prussia, who were attended by
q numerous suite. During the day =,
there also arrived the DIXIE OF SAKE
Nleningen, Prince Frederick Fuenther, t
of Schwarzburg RudoIstadt, representa- q
tives bearing colors OF all the German
states, and many bands of music.
There was a great procession all day
lDuB VI oiiu p''teSAAoS'
Fifty thousand people were without
beds, and slept as best they could. The
streets were beautifully draped with
flagsand evergreens. The collosal statue
of Hermann was unveiled before an i'm
mense concourse of people. The EN- ,
peror William and other distinguished
4
Grothenburg, where the monument to
Hermann is erected, when the ceremony
of hnveiling was performed, in presence
of 5000 spectators. The Superintend-
ent, Gen. Hoppen, delivered historical
address, and Privy Councillor, Preuss
made the inaugural oration.
Mr.. GEORGE HILLIARD, of Boston,
L. fo1