Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1877-09-18
Hr. Goes Plan CT Kcsu,npaIon,

EuoultSe4 W NeOF5r > Coo OF thla city, 10 tic
Eatkers' Convention, was di:cuSsc Cd freely and
favorsb' y 81 III iItJrmal meeting Of n Y. Ba.k
Presidents few days ago, sid resulted in the
appointment Of Committee to msturc plan Of
action. to be submitted 20 Secretary Sherman.
s!tor it shall have been approved by tho New
York bank Officers Mr.. Coo sisted to Tri.
bune reporter that the first mc2ting was info-.
MAJ, yet it repro ,ntel fifty out OF the .y-eght
banks ofthe city. The = !sn wss lAVoraby re-.
coived. Since then. several presidents. who
were unable TO attend, h,vo signifed their desire
to co operate.
His plan, Mr.. Coc claims, will trirg about
gradual resumption, with entire latety, aod will
remove AL fears OF panic He asserts ina.
Secretary Sherman, by taking in gold, iuAct;
great injury 10 the banks, for every $1,000 Of
gold or legal tend 9rs taken in deatroys the Dor
rowing power $40 COO The besu!y Of Mc
Goes plsn" said prominent banker and Nom
Der OF the present Syndicate, "rnust re u?
parent"
1T provides for 4 gradual substitution Of goA
| for legal terd3rs and leaves tie iui! oaning esp.
acity Ct the banks us li,c.td. thus Ineeti1g tic
| deman dis of the business wo!li. 1t also removes
all a2rrehensons feared from 81 sry re:ump-
ton, thus avoiding panic Mr. Gee aso
ststes that lis plan does not ou!anlp ale .'!y n.
reference with the Syndiesta. ''1ha idea is "
| Mr. Coo says, ito sec no thu assent Of al tho
banks in the city, and then r..ske contract wiki
the Government to furnish gold on dcm5Id,
whenever the Secretary shalt decide 10 MAKE
| calls, and thus iorestall aDy uHlticadly 'og&ia-
| ton by Congress s! tho December session ihe
result would be lhst all god purchases by business
II en- would be Transacted thereafter at the banks
| the legitimate channel--iraicad q through
| milo omen st the toCl / Egchan2c as ct prc:ei.
This Wou' close up Ia avenues Tor specu a.IoH.
| O. nn 1rt ua.il in lr . II
| cease"
The cashier Of q leading down t2~n bank sst
Mr.. Goes plan iJr resumption is sim pie All
sure. As understand II, i. proposes 10 nss'
the bsnks national deposit0res to a?cumlia!"
coin ra:c:ve, aad maze th4: .uGd ava'l, f.:
gold losns And discounts t,r tic usc CT thu Gov
ernn.cat: thus gradually substituting tEanss'
tons on gold basis IIr those III currency
| ta;is units the entire business Of the country /.
done on gel standard, aLl III n resu:npt'on
is sttane1.
Til, Executive Cuuacl ctih, American Bsn4
ers Association, st q meeting held on Saturday,
| appointed committee 10 CON-: with !hc c)ui,
| mittee OF bank presidents on the s!olect. ard !"
carry AL the dcsil: into eject The en- III tea
is csmposed OF VIM. &. DesLl.r; q! Columbus
| tf Philadelphia; j. y. Hayes, Il Detroit; Gha='
L. Psrson. Of st Louis; Jno. McMurlag, n
Louisville. and james Buell., Of New York. :.
| mC ing { itae jont committees wi De h I'd mex!
week, anu WleQ INC '.:tl Is SgTbcU UPON, = SH''
COMM t.ee is 10 be seie :5cd 10 present il - Pres
| ident Hayes and Secretary Sherman, and cn!.r
into contract with the Government D., carry y
| into effect i. is stated that cx.SacG"t.ry Nc.
Cu!!och approves Of this plan ~. J. TT31As
| AGRARIANlsM N AMER!CA-Iha tlU 10
Mercury, in an article on the late !b,r sos ~
| this country, says:
Tine evils lie deep which L:y. caused tie
rccop! riots; aud the deepest Ct their sources j.
| that American civilization Is far too nrtcoc0u
to be healthy. And the Uoi;ed States are >u
icriog from The same evils rs the older comma
nties-tEat IS to say, there are TOO many pes
| pie living by pursuits disconnected with 81
soil, aud too tew living directly oil the !::'!
The theories OF Industrial production by u:';'
toll have been carried altogether too taY, AZ;
the States have no excuse far bclcg Leo !'y
them. Their large extent OF territory ought to
have led them to corresponding Development
Of agriculture. Land Specializing, however. -
| placed land about as far out Of The reach ri the
American Worknsman as OH. G.! that OF h!-
| English cousin. And yet ia all the Amer!cau-
have said about Communism they have n.isS2a.
this great point that the father Ct Communicates
is proetarianism, aod that It is ln 10 cXlcu>!'
division of the land ard consequently il . .4rt,'
|
society against Communism consists. Dee su@
gestioa made hy some writer's in the Sales "a
the late strike and the riots arising !r04l /, !
only too well worthy the attention G! out nai:t
! bCrS, aud that Is, that iii" n"Xt lHsnr:r2tior@
| may be far mere formidable than The l2st, Ily
10 The future authority will have 20 dcaE VIZ
not only we'll armed but we'll drilled and CT!
| cientIy organized rlnbs. The cure, EJ%C9cs.
must be radical, and consists In bringing Ike
| and labor into that union which an excess y;
| mechanical ingenuity aud mercantile enterprise
has OF late years disturbed. Locke says the us1
! OF the land is tho origin Of tile to il; aud the
| recent labor riots, like the perpetual indian
| troubles, arise from forgetting this rule, ana
allowing the wilderness to &c locked against thr
people by practically assuming thc vciy COZ -
trary Of I.ocke's Just proposition
TIE CALIFORNIA TRAGEDr.---A later lr'
patch from Roc!;iiu. California, gives She ioi
lowing particulars Of tho late tragedy near tlst
place, an account Of which was published Iii
yesterday Ga22t,c:-
The body Of man was found 10 vineyard
near Sargent's house and shortly before u',ol,
the body Of boy about eight years OLD WIS
found in the same vineyard, both murdered by
pistol shots. The most intense excitement pre-
walls. A hundred armed Elen arc driving all
the Cinnamon from that part o. the country.
The report Of Z man aud boy being !ouul
murdered this morning near Rockiin proves IN
| founded, but Sarecn.'s teamster is missing and
supposed to be killed. 4 party Of armed Gu
zens 10 day visited the various Chinese cams
in the township but found them ell deserted,
the occupants having taken alarm and De
campcd in haste. At meeting OF citizens a
PenryD. near Rocklio, to day commitc" was
appointed who waited upon the Chinese in tE.c
town and bottled them TO leave before 0 cIcrs
tomorrow morning.. 1t is believed the trouble
is not yet ended. The citizens Of R>savic, .
few miles from Rockliu, to day notified tie
Cinnamon to leave town before 10 o clock to.
morrow morning. The Chnamen agH nue..
alarmed, and will undoubtedly g..
1MpRoMGTU DugL-On Sun'ay eccnin@,
about four o'clock, an imrromrtvs duel ""a
Tough. in the store Of Richard Holloren, como:
of Path aud Main streets, between james y.
all vEiiliopo rnc,,ltir0 IN Hui