New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-08-13

gyptS3s eoua be placed in Of Western States
brigade OF suiky ponghs '' seeded by gang g Of
p'ent ssederS,d cnt and bound by another gang
% gang OF patent threshers and separaors and the
INTO four five kinds of superne -four besides bran and
s.orts-aas how short those shorts must be- tve-
garan rollers, and all these products barreled by ma
and steamer all parts OF the world how would their
ives pe nlled with vast surprise ana their Dfo ms
osim-eyed Looseaers rebnke our vanity by reminding
lakes and canals they excayated the temples the pyra
mids and ombs they constructed, and of the SPHINX
cannot, cannot last.
After tracing the various steps taken by to
supercede mammal labor, the speaker continued:
The power Of the steam engine developed by Watt
power of water OF little value except it was con-
yerted i9to steam for driving the new motors But
necessities OF the people of the United States, the
try. ; 1t came TO pass that the United states be-
came ZANE .he per%ls9 OF water powers and the simple
cent Oh Ie water used grew into the more perfect de-
utilized from eighty TO eishtyve per cent w of ia
menfe u rs tnat we are soon to see develop
stand unryaed among motors of its class in the world
80 feet Of add fed by tube feet in wih
Turbine giving 600 horse with the whole power
them II ANYTHING should produce catastrophism here
the eei pTadHced 70 haye stunning of
1immoyahle body The experiment of using so great
watched by mechanical engineers with much interest
as Oily no inferred rom what has already been said, the
e eeSnomlc purposes is an American idea In no
I utilized This will be apparent by considering some
iS veT nd Which y have been Damned for the benefit Of
the standard of horse power The Passac at Paterson
MOSawkr at cchocs te az co aGws
900; fSe the Apdroscoggn at Lewston
tSS Mississippi at the Fails Of st. anthony the
Io,VoO horse power estimated at given point on
not les Than B TINS rs used oyer again on an ayerase
sO OF 900 horse power There also
which are utilized, and may furnish aggregate used
thus % egna t. t the Ia d total d Of
Gistribnted over wide extent Of country and supply
these only the minor powers 50 to speak of
e eo s ns. a@S y ySSy T6S g1pS
Table refuge to four times many remains no
the United states Lake Survey Bureau in 1873 it ap
pears hat the average flow of the river above Falls
into horse power under head of 200 feet, we have
force fore that would supply the economic wants Of
2OO,O00O00 of people. "
A BANKER WHO is NOT A PEssIAfIsT
Alva Oatman, president of the Farmers and Mer
chants National Bank of Hartford presented a
paper, written by c. r. Thomas, of the Second
National Bank of Utica Mr. Oatman explained
that Mr. Thomas had been unex pectedly called home
and he requested that the paper be read The follow
ing is q summary:
The Convention closed yesterday with a murkv atmo
fbaf e instead uS Of the rainbow hes of hope We felt
about Ms One VI s uon9t ana apprehension were
Inc, tne :. National bank circulation could not
Tapdity with which they being paid and Was look
ing about to see how the banks could furnish paner
currency on some other basis Another favored The
Of the National bank circulation and advo
GATED an emission of notes by the Government
tnrd incidentally suggested that the existence of the
assoclaon Tor any great length of time was probemat
lcal and that to assist prolongaton Of its feeble life
we had better resolve ourselves into an associaton
inst rioin a1o |
10 tne hrst speaker, | must say he has great |
There arc in existence about $15o,0o0, 600
h @ ne bonds which are being paid OF about
ress go on those who have three and half Der cent
%Ona oe Obliged TO invest their funds in four per
lhu 1907 There in existence over 800 600 900 Of
mail circulation, am informed that 800 900 900 Of
ponds would be all that would be necessary to keen the
700 banks now existing within the law giving them
s5o 600 each; that there any profit in banking With
re tnere appears to be term of twenty
uto years IN whch banks can exist banks issue
Many CONTINGENCIES, however, arise aud modify tnc
uadon materially 1t is not impossible that people
nay discover that the enormous taxation under which
hey are now laboring to pay debt which should be
mount ~n POsSesy Is entirely unnecessary The vast
oners thousands of whom have yet adjusted their
Sus reuuee largely the capacity Of the Gov
h so DC revision OF the tariff. which may diminish
0t II WIN be wen to keep up e gaSS (
q fac d ~ TO the future, and attempt e
peaker mentioned namely the suppression of the j.
ssmoha bank circulation, is which we have gen
LIQUIDS which obscured the brow OF promise for mn
S Sen., Dot Tneh we trust, like mists majestic
ense and good Judgment. va ''ui"
Resolutions thanking the retiring president and s
timer officers of the Association and the people of
Niagara were adopted, and the Convention adj c
burned without day.