Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1878-08-24
EASTERN S.
NIGHT DISPATCHES.
SPECIAL TO THE KusExA DAILY SENTINEL.
THE LABOR INVESTIGATING COMMITTEE.
A STUDY OF THE FINANCIAL CUES.
TIOy.

A STUDY OF THE FINANCIAL CUES
TIOy.
The Present Commercial Crisis
NEW YoRx. August %.
Tho Labor Investigating Committee re-
sumcd its session this morning. Horace
White was the FIRST called. He stated hat
he had studied the financial question, and
had paid a great deal Of attention to ~.
He thought the present commercial crisis
only one Of a series that bare occurred
among the nations for the past two 10
bred years. They have been preceded fy
rampant spe culation. He taouGhi specn,
lations in railroads had had a great deai
to do with causing the depression which
now exists. There were enormous specu-
latious in lands all over the country; prices
of real estate had multiplied beyond any
thing within the recollection OF the wit
ness the obligations required by tae
building OF these railroads, and TIE pur-
chase Of this real estate, had caused many
parties to become insolvcnt. The condi-
ton Of the currencvhas not increased this
state of things. These periods Of crisis
come upon nations, no matter whether the
currency be gold or paper. The spccula-
tive era which existed from 1869 to 1873.
tine witness thought had something TO do
with the present condition OF affairs. and
o~ver-production by machinery hsi con-
tribufed to the decrease Of business. by
producing more than there was E demand
Tor, and prices fell accordingly.
In response to a question fionl Mr.. But
Ter, Burke stated that none OF the Packard
Legislature were allowed to become mem
bcrs Of the Nichols Legislature who were
not known TO have been elected by minor
ity votes. The witness further said that
although the reports of the visiting states
men to the United States Senate stated
that the Nichols Government was founded
on bloodshed and riots, such statements
were ~unfounded, and he (Burke1 did no.
propose to square their report for them in
regard to tariff duties. He would recon-
mend that they be taken of of some new
materials. About the middle men qnes-
ton, the witness said = great many had
been driven out Of business. They went
into bankruptcy because they were unnec-
essary; too many of them were in business.
II there was any surplus OF capitsl during
the speculative era. it had now retreatsd to
the bank vaults, having been driven there
by the low rate Of interest. The amounts
loaned but by bankers we're III a S-cat bulk
the property of the community. The wit
ness said that business vas injured to a
great extent by the protective tariff. The
accumulation Of capital has been SO great
that we have had to go elsewhere 10 spend
1t. We had more capital than We could
employ. The witness said a Limitation in
the hours OF labor should not be made the
subject of legislation. 1t was a direct contra
diction of the functions of the Government
to interfere with the hours Of labor. 1t
was an infringement oil some persons lib
erty. He did not think the proceeds of the
sale of public lands could be used by the
Government for colonization purposes.
Major Brrke's Testimony.
New YoEK, Aug. %.
Major Burke, OF New Orleans, testifying
before the Potter Committee to-day, said
he considered all the acts Of the Louisiana
Returning Board as illegal, as the Board
was not a legally constituted body. He
said that universal pains were taken by
the Democrats to prevent intimidation.
The intimidation of votes all came in on
the Republican side.
Question-What was the course of the
Board in regard to the ex-parte afidavits?
Answer-They first decided not to re
ceive such, but afterwards changed their
opinion, and received ex-parte afidavits
from the Republican side of the house, and
then again, when Democratic afidavits
were sent in, they changed their ruling
and refused to receive them. IL was aftel
the 23d day of November before we had
any opportunity to receive protests. When
we handed in large bundles OF ex-parte
afidavits the Board refused to receive
them, and said the witnesses should be
present. and on producing a large number
Of witnesses, the Board only examined Q
few of them; this put the Democrats to 9
| great deal of trouble, owing to the distance
Of some parishes. The total vote Of thu
State of Louisiana, in 1875, was 161 ,149
or nearly 80 per cent. Of the registered
voting population.
Generous Observation-Disclosures Ar
rest.
ST. Louis, August %.
Nearly s 1900 was subscribed by tn
merchants to-day to the yellow fever fund
| already forwarded. The city will be can
vassed by the committee appointed by tn
Mayor. and it is expected that a larg
amount will be raised. John F. Long, lat
Collector Of this Port, has sent a check TO
$500 to Mayor Overstatz, to be distributes
equally among the fevcr-stricken peopl
Of Memphis, Vicksburg, Jackson, Grenad
and New Orleans. The Hebrew Younl
Mems Literary Association has raise,
about 81, 800, and sent $3.50 each to tn
Howard Association at Memphis, Vicks
burg and Grenada.
A Joplin, Missouri, special says: Benja
min Shoemaker, in resisting arrest her
| to-day, shot and killed ayoung man name,
Connolly. and fatally wounded Connolly
| father-in-law. Thescitizens threatened :
| lynch him, but he was safely lodged in jai
at Baxter Springs.
Dennis Kearncy at st. Louis.
ST.. Louis, August 20.
Dennis Kearney arrived yesterday, nm
spoke last night, in Lucas market. to on
Of the largest crowds that has gathered a
9 public meeting for a long time. II
received no official recognition from an
Of the Workingmen's organizations. H
spoke an hour and o half in the same dc
mandatory style used elsewhere, being FIRE
quently and uproariously applauded. Hi
strongest denunciations were Of the press
capital, etc., and were most vehement
cheered. He goes hence to Cincinnati.
what Bosarslus Says 10 Carver.
New York. August 90.
The World says Of Bogardus If DR.
Carver will name the day for the frs
match, after making good the forfei
money, Bogardus is willing to bet hin
50, 900 to 81, 00o on each Of TOUR matches
as he may wish. The Captain will ais
make Carver a present Of $50 if he viii pu
up the forfeit money this week. he !
also willing, provided Carver accepts tn
above challenges, to make . match between
him and his son Eugene, for a small stake
PAC ST