The Eaton Democrat. (Eaton, Ohio) 1875-1903, 1878-01-10

pestilence and civil commotion, friendship
and reconciliation between those heretofore
estranged." The State debt of Kentucky is
$1sS,394. She has resources to enable her
to bear up under this burden-$1, 1868, 1920,
to say nothing of a claim against the Fed
eral Government of $780,, 5S7.27.
Considerable excitement has prevailed in
New York by the announcement of the
failure of john Bonner & Co., No. 80 Broad
Street, one of the oldest houses on the street.
The firm has made an assignment to B. w.
Griswold. 1t is said that the firm pursued
the same methods charged against Meter &
Co., rehypothecation of securities. Liza
bilities are said to be quite heavy, and sew
eral prominent spectators are mentioned
as considerable losers. Intelligence of the
failure has had a depressing effect on the
stockmarket, and some of the leading shares
are down one per cent.
The Pennsylvania Legislature met at
| moor on January l. In the Senate, Thomas
v. Cooper was chosen Speaker, pro tem.,
this being an adjourned session of the Leg
~islature of 1877. With but few exceptions,
the officers of both houses are the same as
last year.
For the first time in the history of Vir-
ginia since colonial times its Governor, Col.
F. w. NJ Holiday, was i~naugurated jan
uary /, with all the display and pomp of
grand public demonstrations. The Cover
nor, in his inaugural address, takes the
strongest grounds for the maintenance OF
State credit, making the points that the
debt was created to provide improvements
which the State now possesses, and from
which it daily derives profit; that the war
effected no change in the relations between
the State and its creditors; that no one ques-
tons the obligations of the debt, the laws
under which it was created, or the
benefits conferred upon the State by
the property its proceeds brought, and
that the General Assembly should direct
its utmost efforts to the question how to
pay, and denounces the course of those
who seem to strive how not to pay. The
address declares Virginia can not escape
her liabilities, which all men acknowledge,
except by a process similar to a schedule in
bankruptcy, with surrender of assets, and
concludes this subject with a declaration of
belief in Virginia's ability to meet her
obligations. Great applause greeted these
statements. The Governor seemed to con-
slider the debt question to be the only one
of great Importance before the people.
Governor Hartranft, in his message to the
Pennsylvania Legislature, says that affairs
of the Commonwealth are shown to be in
reasonably satisfactory condition. The
Governor recommends the creation of the
Office of Bank Examiner and Commissioner
A great portion, of the message is devoted to
a narration of the events of the July riets,
and suggestions regarding the prevention
of a recurrence of similar troubles. 1t also
recommends the passage by the Legislature
Of the act prepared by the War Department
at Washington, designed to facilitate the
transfer to the United States of the title tc
the Antietam National Cemetery. In recon-
mending the creation of the Office of Bank
Examiner, the Governor calls attention tc
the project for a national savings fund, anG
while pointing out the great influence which
it would give TO the Federal Government, OIL
dominant party, he considers it worthy O
support and Incorporation.
A special from Marquette, Michigan, say
that while a Chicago & Northwestern box
car was being loaded with nitroglycerine, a
the Jackson mine, near Negaunee, the mas
exploded, instantly killing seven men ant
de%molishing the car. The locomotive wa
lifted into the air and thrown fifty feet, ant
landed in a confused heap of wood and iron
The ship Nebro, from Coscumpee TO
Prince Edwards Island, has been lost witt
nine men on board. Three bodies hav,
. been washed ashore at New Frage.
The little village of Ferndale, Pa, ha
! just been shocked by a terrible tragedy
John Haddock, in a fit of jealousy, mur
, dered Miss Lizzie Davis, with whom h
, was madly in love, by stabbing her severa
times With a knife and shooting her with
revolver, and then fred a bullet through
his own heart.
Banker Bum, of Springfield, Ill. tn
State Savings Bank of indianapolis, and tn
Woburn five-cent Savings Bank, are anon
the number placed on the suspension list.
Joseph W. Helmer, real estate and LOAF
broker; Levi j. Anna, halter; Norman c
Perkins, lawyer; Amas II. Woodruff coal
dealer,-aIl of Chicago,-are the reporte,
f failures of a single day.
: Fifteen bodies have been recovered iron
the ruins of the Barclay Street fire, in Ne,
York.
The Massachusetts Legislature met il
joint session on the 3d. Governor Rice, il
: his message, favors pacifcation and civi
: service reform.
The Maryland Legislature organized o
the Sd. Edward Lloyd was elected Pres
s dent of the Senate, and F. S. Hoblitze
Speaker of the House. The Governor
message shows that the net debt of tn
State, for which interest must be providat
e is S6,S96,322
o Governor Conner was ~inaugurated Co
ernor of Maine, J%anuary3 8.
The Rollinsford Savings Bank, Salmo
Falls, N. H, has given notice that no mol
deposits will be received for six month
but that from sales of the most availabl
securities the bank will pay to all deposition
1t on or before February l twenty-five pr