Crawford avalanche. (Grayling, Mich.) 1879-19??, 1886-07-01
LATER NEWS IETMs.

Inc business failures during the
week for the United States were 1873 and for
Canada "a, as compared with 155 the previous
week. Bradstreers Journa, in its weekly
summary of the financial and commercial out
look, reports as follows:
The movement of general merchandise at
nearly all prominent distributing centers
continues OF moderate proportions. New Or
loans forms noteworthy exception, as the man
ufacturing industries there are busy and the
crop prospects favorable. At leading cities
there Is considerable confidence I'm the prospect
Tor fall trade-grocery, dry goods, hardware,
and dealers In other lines looking ahead to in
creased demands after the close of the dull sea-
SON bonds are very strong and active. Money is
plentiful, call loans averaging per cent. Com
mercial paper dull and scarce. Exchange is
strong, and gold Is shipped in limited quanti-
ties. Wool Is the only staple which has shown
any marked advance from the extreme low level
OF prices generally. It Is 2g3 cents higher at
seaboard than on June i. Wooden goods are
stronger in consequence, and there has been a
noticeable gain in the movements OF dry goods
generally from both jobbers and agents. On
some lines of bleached and brown cottons the
advance is from Il to y cent per yard. There
ON tho long list OF remaining staples
thore is no conspicuous gain. Bread
stuffs continue low in price Wheat crop
prospects continue favorable; stocks are fair,
and shippers are taking with moderation. Su-
gar continues depressed by influences which
have dominated for some time, as does coffee.
arc firmly held, but good burleys weak ana
lower. Louisville reports that Kentucky's to-
bacco acreage is larger than previously sup
posed.
The strike of nailers which has been
in progress throughout the United States for
the past year was ended last week at Pitts
burgh by the adoption Of compromise scale
Louis Perdigrat, French merchant
of Clarence, La, committed suicide. He left
will bequeathing 100000 to two daughters
in France, and papers stating that his real
name was Count de Chatelbres D'Ulze
THE Fitz John Porter bill was allowed to reach
vote in the Senate ON the 25th OF July, although
the debate only began at a late hour the previ-
GUS afternoon. General Logan limited himself
TO speech OF two or three hours. Senator Con-
ger restrained himself entirely. Senator Tel
Ter spoke briefly, as did Senator Blair, and Sem
ator Plumb only talked an hour. Senator
Plumb addressed himself wholly to the Demo-
cratic Senators. He charged every ex- Confeder-
ate openly with voting for the bill on previous
casions because they wanted to reward a Union
General who helped them to win the second
battle OF Bull Run. Mr.. Plumbs remarks
brought Mr.. Butler to his feet, and he resented
IN the most impassionate manner the charge
that he and some OF his colleagues had any
friendly feeling for General who they believed
added with e se Of the ar 81 be s6 9d he
lima code, that IL the Senator from Kansas had
made his remarks little more personal and in
another place, he lButler) would have resented
was passed-yeas 30, nays IL. In tho
House OF Representatives Mr.. Bayne OF
Pennsylvania, made n bitter attack upon the
President for his vetoes Of pension bills, twenty
OF which had just been road. HE was astound-
cd at the vetoes," says the report. I'm the
Without the par sRES Aa S sss aSS
rigorous Andrew jackson, DESTROYS OF as
sorting his power and making individu- |
atty conspicuous, had never monopo-
lied power as the President had done with |
reference to these pension bills. This man had |
even had the temerity to sneer at the reports OF !
a committee of this House He had the temeri- |
ty to put the seal Of his sarcasm ON the reports
OF a committee granting pension to the widow |
Of some man who had been slain in the serv- |
Ice OF his country. Who had invested this |
man with such power that he must as |
sert himself and say to the people OF the /
country: Il am larger than you all, and 1 know |
more about what should become law than the |
325 members OF the House OF Representatives
and the seventy-six members OF the Senate" 1t |
was a fault OF mon endowed with brief authority |
10 arrogate knowledge that they did not |
possess "He is no better than any other Amer
lean Citizen" said Mr. Bayne, and he, by /
Cd, is not the equal of any man who per- /
Applause on the Republican side.
Mr.. Matson, Of indiana defended the President, |
who, he declared, was fair and just and prompt
ed by his conscience. Two men might honestly
differ upon question, and that was all there
was in all this talk All that had been said in the
way Of abuse Of the President was uncalled for.
The President was an honest man and the peo-
pie of the country knew il. Applause on !
the Democratic side and in the galleries.
Mr.. Peters (Kan.l-Wo cannot honor the Pres
dent for an ignorance Of his prerogatives. Mr.
Matson He knows his lrerogatives, and, know
ing them. he has the courage to exercise them.
Applause on the Democratic side and in the
galleries.. Mr.. Blanchard Qa.) thought that
here was no need to answer the assault made
upon the President. The President could stand
.he assault made upon him by the gentleman
rom Pennsylvania or any other man. The
country was prepared to applaud the action of
he Executive when he pointed out the mistakes
which had been made by Congress-