Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1881-08-11
DOMESTIC.
Condition OF the President.

WASHINGTON, August 10th-10:55 A. NJ
The continuous fever which has been most
marked feature of the Presidents case the
past three or four days, subsidized entirely
during the night, and the patients tempera-
ture this morning was normal, for the first
time since Sunday. The breaking of the
fever was followed by profuse perspiration,
and the rather high pulse shown by the
morning bulletin is probably due to weakness
resulting therefrom. The discharge of pus
at the morning dressing was unusually copi-
Gus, showing that the wound is now perfectly
and thoroughly drained. The drainage tube
was put in again, and the wound washed out
with weak solution of carbolic acid and
water. Since the dressing the patient has
taken nourishment in the shape of milk and
lime water, and at this hour is quiet and
comfortable. The surgeons report that he is
doing well.
SECOND DISPATCH.I
WASHINGTON, August 10th.-The following
has been sent by Blaine to Lowell AT l
o'clock P n the Presidents condition has not
essentially changed since the morning report.
At noon he signed an important public docu-
ment, to which his signature was indispens-
able, with firm hand"
THIRD DISPATCH.
WASHINGTON, August 10th-7 P. M.-The
r6sluGDI pdes6u al c&Cc1ltub lie
drainage of the wound was efficient, aud the
pus secreted in the deeper portion of the
wound has been coming away spontaneously.
The afternoon rise of temperature was al
most degree less than yesterday and the
day before. His pulse at present is los,
temperature 101, respiration 10. Signed by
Bliss, Barnes, Woodward and Reyburn.
FOURTH DIsPATCH.l
ing has been sent by Blaine ia Lowell
The President is progressing satisfactorily.
He is now 10 P. II. in q refreshing sleep.
His temperature has fallen nearly one degree
since yesterday. The drainage of the wound
TO day was efficient and spontaneous, and he
has taken more nourishment than any day
for FIVE days" Signed by Hit, Acting Sec
rotary.
FIFTH DISPATCH
WASHINGTON, August 10th-11:15 P. NJ
Signs of improvement in the Presidents con-
dition began to be apparent to-day, soon after
noon. His pulse, which had been high dur
ing the earlier part of the day. and which in
dictated more than ordinary weakness, fell
from ITO to 104 in the course of the after
noon, and his temperature at the evening ex-
animation was lower than at the same hour
on any day since the 9Th. These facts were
taken as evidence, first, that the wound is
once more in a healthy condition and free
from retained pus; and second, that the dis
turbance caused by the operation Monday
has nearly subsidized. After the evening ex-
animation and dressing, which were entirely
satisfactory, the fever, which came ON late
in the afternoon, began to abate and the pulse
to fall, and the patient went to sleep. The
fever has now disappeared. His tempera-
ture and respiration are again normal and his
l. fn1l - IL
soundly, without any anodynes, since half
past 0, and will, the surgeons think, have a
good night and show decided gain to-mor-
row. His present condition, they say, is in
every way encouraging.
Convention OF the American Bankcrs'
AssocIatiOn-An Able Paper by Lloyd
Teyis.
NIAGARA FALLS, August l0th-The Con-
yention of the American Bankers Association
met to-day, with A. Mitchell, of Milwaukee,
in the chair.
The President and Vice President being
absent, Il. e. Spaulding, CT Buffalo, was
chosen temporary Chairman.
The Treasurer reported the finances in good
condition.
a committee was appointed to nominate
officers, who will be elected tomorrow.
Papers were read by Henry Martin, of
Buffalo, ex-Governor Fenton, John Thomp-
son, of New York, n. B. Van Slycke and r.
Il. Gould. All were referred to the Execu-
tive Council.
There was brief discussion on the collec-
ton Of checks of country merchants sent to
New York merchants for the payment of
goods.
Thomas F. McGrew, of Springfield, O.,
spoke on the grain products of the West, aud
the magnificent system of shipment to the
seaboard by lake and canal without breaking
bulk.
A resolution was adopted of hearty sym
patty with President Garfield in his severe
suffering. and expressing an earnest hope of
his speedy recovery.
Lloyd Tevis, of San Francisco, President
Of Wells, Fargo & Co., read q paper in which
California was industrislly and financially
considered. He referred first TO the great
commercial and financial Importance of San
Francisco. He then passed to a considera-
ton of the fact of the late bu.iness and
financial depression, but which is now giving
way to an era of prosperity. The causes for
the depression, he thinks, were largely local,
The State had always eschewed paper
money, but though she adhered to coin she
was not free from those fluctuations that
unsettle values. He traced the commercial
and industrial history of California the pio-
neer era the advent in 1860 OF the agricult'
ural era the mining craze of 1858; the silver
mining era in Nevada the railroad building
era the income of large Sums of foreign cap
ital, etc. He reviewed the heavy taxation
incident to the war, and the advance OF
freight and insurance by reason OF rebel
cruising. He referred next to the date when
speculation in California began to discount
the future at rates based on rose-colored i'm
sginings. Speculative land values ad-
vanced beyond real values, too much
was expected of the transcontinental
railroad completion San Francisco reveled
in vast expectations, and immigration was
expected by the million. Realization
failed the railroad opened up vast region
between California and the East, and it nat
urally gave its attention to settling it up
as tributary to the road. San Francisco was
brought face to face into competition with
the eastern mercantile world, and diversion
of freights from the ocean route did not prove
so great an advantage as was hoped. With
the completion of the railroad time of
transition set in, and with it came the flow Of
wealth from the Comstock mines, obscuring
the public appreciation of the fact that the
golden days were over, and Safeguarding
era set in, unparalleled since the time
of the South Sea bubble. He then pro-
ceeded to consider illegitimate speculation, its
instability and its sure results, and therein
defended the men who in time of plenty an
ticipate time Of scarcity, and buy bread
stuffs in advance, as those who are real bene-
factors to the people. He drew the distinction
between harmful and legitimate speculation
the one being wise, the other gambling. 1t
was this latter that worked such dire results
in California, especially in the matter of the
Comstock mines. The spirit of gambling
pervaded all classes and its result was wide.
spread disaster and ruin. Yet so stable was
the business and financial system of Califor-
mia despite these things, that the disorganiza-
ton would have passed away but for the OPP
portunity it afforded political demagogues.
Men awakening from dreams CT wealth
to poverty are apt to blame anybody
rather than their own disregard Of prudence
of this Kearney and the Workingnens
movement was born and unreasonipg passion
soon had large sway. A new Constitution
was demanded, framed and adopted under
the heat Of unreasonable enmity to corpora
tons and capital It proved not to be
agrarian or communissic. bat clumsy and i'll
digested and imposed taxation, when literally
interpreted, upon not only all forms, but all
shadows and representatives of capital. The
feeling against the Chinese aided their preju-
dice. The evils of the new Constitution
were exaggerated in the canvass of it, ard
the impress ion was made that irretrievabie
disaster had osertaken the State, and so the
business depression was intensified. Thep1blic
then saw that community interests we're not