Northern tribune. [volume] (Cheboygan, Mich.) 1875-1885, 1884-05-22

THURSDAY. MAY %. 1884.
Hrn
g., 8. Cox. representative from New
York, a Democrat. has introduced q bill
in the House to place General Grant ON
the retired list Of the army, with the
rank Of General.
The Senate postponed consideration
Of the trade dollar bill until next month.
BY many this is thought to mean the
killing of the bill, for this session at
least, and that the Senate will not con-
sent to further the imitation Of the 3d.
cent dollars by a further coinage.
THE dose Is q bitter one, but I guess
we will have to swallow it," were the
words uttered by a rsck-ribbed Michigan
Democrat a few days since. whom speak
ing Of Ben Butler as a possible Demo-
cratic candidate for President, and Be-
COLE as certain to be the Democratic car
didats for governor.-LanSing Journal,
SEVERAL hundred Of the leading bus
mess men Of New York city have signed
a call for a meeting to be held in that
city to endorse President Arthur's ad-
ministration and to favor his re.nomina-
tion by the Republican convention at
Chicago next month. Among the
names signed are those of Heading whole
sale merchants, bankers and capitalists.
CHARLES O'CoNOR, one of the leading
members of the New York bar, died at
his residence in that city Monday of
last week. He was born of Irish pa
rents in New York city in 1904. and was
admitted to the bar when 20years Of age.
He was Democrat and n Of the ablest
men in that party, honest in his con-
victions, always retaining the respect of
men of all parties.
The Saginaw Times. Independent
Democrat, in speaking of the election
of Congressman, from this state this
fall, says: There should not be a single
representative from this state who Votes
On the tariff as Maybury, Houseman,
Wipans, Eldredge, Carleton and Yaple
do. They should be true to the state
they profess to represent, as it is a pain
full and disgraceful State of affairs and
the people should be cautious that it 10
not again repeated.
bill prohibiting speculation by ofisers
of national banks. 1t forbids them
dealing in stocks, bonds or other secur-
tiles, or in grain, provisions, produce
or oil on margins, either directly or
Indirectly, and makes the penalty from
n to five years Imprisonment, or a
fine of not more t han $40, 600. In view
of the recent failures in New York City
it would seem that some such law was
absolutely necessary.
The Democrats in the House are lay
Ing their plans to secure success in
their efforts for free trade and insure
the passage of some such bill as Morri-
sons in the House next winter. To do
this they are deciding all contested
cases for seats in favor of the Demo-
cratic claimant regardless Of right or
justice. They also hope that as the
Presidential contest will be decided by
that time, that some of the weak kneed
bresheren may be induced to come to
to time and vote for the passage of the
bill.
GREAT excitement was created in New
York city, and in the commercial cen
tiers of the country, over the suspension
Of the Metropolitan bank and several
brokers in that city. Wednesday Of last
week. Ii was feared that the disastrous
panic Of 1873 was to be repeated, but
before the close Of the day confidence
was restored. Speculations outside of
their legitimate business was the cause,
stocks and bonds in their hands depre-
ciating. The effect Of the failures was a
heavy depression in stocks of all kinds
and a raising Of the rate Of interest. II
is time that measures were being taken
to prevent bank officers specializing with
funds entrusted to their care by their
confding patrons.
AN Associated Press dispatch from
Washington says: 1t appears probable