davidaulloa/AmericanStories huggingface dataset:
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-09-14
Window and Harrison TRYING
to Relieve Stringency in
the Money Market.
The Former Says the Govern
ment's Policy Is Not To-
ward Contraction.
kilograms from the President
to Maj. Mckinley and Will
lam Of Winona.
Redemption Of Fours and
Heavy Purchases Of Silver
Among the Schemes.

NEW YORK, Sept. 13.-Secretary of
the Treasury Window made the follow
ing statement tonight regarding the
amount of money tied up in the treas
ury: "ComparisOns have recently been
made of the surplus as 1t is now report
ed in the treasury with the amount re-
ported year ago. from which the erro-
neous conclusion is drawn that the pres
ent administration has pursued a policy
tending toward contraction. In this
connection the following authoritative
statement will show the fallacy of this
belief: The amount of net cash, frac-
tionai silver ana national bank redemp-
tion fund in the treasury on the 1st of
Sept, 1889, was about S141 100000. The
amount of the same items Sept. 10, 1890,
was S99, ,409.220, which demonstrates
the fact that over 81, 100000 more
money has been paid out since
Sept. 1, 1889, than has been received
into the treasury during that time. In
other words, every dollar received by
the treasury since Sept. l. 1889, has been
paid out and over $41, 900, 900 besides.
The apparent surplus shown Sept. 1,
1890, of 500, 500. .220, is made up as fol-
lows: FTdcIlOnal silver COINS, S22,UUU,-
600 unavailable for purchases of
bonds); in national repositories, $685.
100000 (and now in circulation. These
two items, amounting to SIT, 900, 900, de-
Quoted from the sos, 100000 leave about
S52,0O0,0 900, which represents the entire
available cash in the treasury, and that
sum is part of the S55, 100000 Of nation
al bank redemption funds made
available by recent act of con-
gress. There is therefore not dollar
in the treasury surplus which came
there by the payment of custom dues
or internal taxes. Hence there is not
dollar which represents any boarding of
the currency during the last year. The
S55, 900, 900 above referred to have been
in the treasury for several years. and
this fund at one time during the last ad-
ministration amounted to about $11O,-
100000. The above statement is not
theoretical exposition Of the condition
of the treasury, as it is an actual fact
that there was in circulation on the 1st
day of September, 1890, over $4,000, 900
more than there was on Sept. l, 1885,"
Secretary Window said that he would
probably take steps at once to purchase
some government is, but how many he
would redeem he declined to state. He
intends to remain in New York for sew
eral DAYS and take all necessary steps
to relieve the stringency in the money
market.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-09-14
THE SUGAR SCHEDULES
Take Most of the Time of the WAYS
and Means Committee.


WASHINGTON, Sept. 13.-The ways
and means committee this morning
began the formal consideration of the
senate amendments to the tariff bill
and made excellent progress. By noon,
when an adjournment was had, all of
the dutiable schedules had been acted
upon, leaving the free list yet to be
considered. In the case of each amend
ment nOn-concurrence was recon-
mended. Where reduction in the ex-
listing duties was proposed in an amend
ment the Democratic members moved
concurrence, but otherwise they con-
tented themselves with a simple mega
i've viva voce vote on each proposition.
The Louisiana delegation, Representa-
tives Price, Coleman, Blanchard, Boat
her and Wilkinson were admitted to the
room when the sugar schedule was
under consideration, and united in a
strong objection to the date March l
next, when it is proposed that the
changes made in that schedule shall
take effect. They represented that the
effect of adherence TO that date would
be ruinous to the planters who would
then have just garnered their crops and
who would be compelled to sell them
in market brought down in price by
free sugar. They proposed an extern
sion of the time to June l next, or, fail
ing in this, asked that the new rates
take effect Immediately upon the ap-
proval of the bill. The committee took
this appeal under advisement, and,
meanwhile, agreed to recommend nom
concurrence in the senate amendments
10 the sugar schedule. There is little
doubt that the consideration of the bill
in committee will be concluded Mon
day.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-09-14
A Reasonable Time to be Al
lowed in the House for
Speech Making.
The Minority to be Given a
Last Chance to Offer
Their Protests.
A Vote to be Taken on Nom
Concurrence in Amend
ments in Gross.
Eulogies Spoken on Randall
and Beck by Senators and
Representatives.

WASHINGTON, Sept. 13.-The Repub-
lican representatives met in caucus to-
night to discuss the procedure to be
adopted respecting the disposition of the
senate amendments to the tariff bill.
The main proposition was one coming
from the Republican members of the
ways and means committee, aud en-
bodied in the resolution introduced to-
day in the house by Representative Nc
Kinley, looking to the consideration of
the amendments IN the house instead of
IN committee of the whole, and
a vote upon non-concurrence in them
in gross after reasonable debate.
MIR. Mckinley explained that he had
already communicated with the minor
ity members of the ways and means
committee upon the subject. While the
majority was desirouS that there should
be no debate, it was felt to be expedient
to afford the minority reasonable time
to set out their views, and their repre-
sentatives OD the ways and means COM
mittee had promised to consult their
party colleagues and inform the ma
Jority Monday what amount of time
they desired for debate. There was
considerable discussion in caucus
of this proposed programme, and
while most of the speakers favored
it, others were not wanting to contend
that the amendments should be consid-
cred in committee of the whole, or in
some way that would afford opportunity
for an expression of opinion upon cer-
tain OF the senate amendments. Mr..
Payson led this party in speech in
which he insisted that no general mo-
tion to nOn-concur should be adopted,
and gave notice that he should oppose
it. He claimed the right to present his
views on any question in the house.
He was for free binding twine, for the
house sugar schedule, against
''art on the free list" and should
stand out for these things, denying the
right of the conference committee to
act as his agent in the first instance.
Speaker Reed took hand in the dis
cussion, pointing out the necessity for
the course proposed in the interest of
early adjournment and of harmony. So
many members desired to express their
opinions that it became necessary to
apply the fve-mlnute rule. Finally,
upon viva voice vote, Mr.. McKinley's
plan was adopted, and the committee
on rules was instructed to fix the time
to be allowed for debate after the mi
nority is heard from and bring in the
special rule early In the week.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-09-14
NO GROUND FOR ALARM.
AT Least So Think Officials of the
Treasury.

NEW YORK. Sept. 13.-An evening
paper says: The question of putting
the government money on deposit in
the national banks was brought up at
the conference. Secretary Window re-
iterated the position of the government
and emphatically declared that such a
proceeding was impossible. The prop
osition was discussed of buying S2O,OO0,-
it was the opinion of some of those
present that comparatively few
bonds would be offered for re-
demption at that price, as holders
would demand higher figure.
In regard to the proposition of the gov
ernment, prepaying years interest On
the S65,000,000 currency skies bonds.
Secretary Window stated that congress
would have to authorize the payment of
this advance interest. A proposition
which met with unanimous approval of
those present, including the secretary
of the treasury, was to suspend the pay
ment OF customs duties from Nov. to
Feb. 1. Secretary Window said that
the present difficulty in the money mar
kit he believed to be one that extended
all over the country. and was not con-
fined to Wall street, OF even New York.
He said it would require great deal of
careful consideration to settle upon the
best method of relieving the string
ency, and for that reason moth
ing would be done hastily. In
regard to the scare which is
based upon the belief that a large
amount of money, according to many
more than S50,000,000, will be required
Immediately to pay duties to take goods
out of bond in case the Mckinley bill
goes into effect Oct. l, Assistant Treas
urer Roberts says:
''lt might be suggested in the first
place that this amount is overstated, for
the custom house authorities have es-
tlmated that the amount Of duty paya-
BILE on goods now in bond does not
amount to more than S10.O0O,OO0. In the
second place, if these goods are with
drawn in large amounts and thrown
upon the market, it will have a ten
dency to check imports, so that the
amounts of revenue received will be
diminished. At any rate, it should not
increase the stringency."
II do not know what the secretary of
the treasury proposes to do. 1t would
be wise, however, in my opinion, for
congress to extend the time within
which the goods now in bond could be
withdrawn, or the conference committee
might decide upon some such course.
This would tend to relieve the market,
but in any aspect OF the case do not
think there is any serious ground for
alarm"
S. V. White went to Washington last
night. and has been in conference with
members of the senate finance and the
house ways and means committees. He
says:
"There is no doubt whatever that the
time for withdrawal of goods from bond
will be extended; The treasury is doing
everything possible for the relief of the
money market. and will continue to af-
ford all the relief which may be found
necessary"
Shipments of currency have been
heavier this week than in any previous
one this season. Nearly all the cur
rency shipped went West and South.
There has been heavy outward move
ment of gold, 100000 going to San
Francisco.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-09-14
ST. PAUL RECOUl
133,3O1.
Unofficial.

Even the newspaper men were sur
prised, and not one ventured an 81 told
you So" But there was no time to par
ley words. A rush was made to the
various newspaper Offices and telegraph
offices, and the st. Paul recount was
made known to the world.
Inside of the Recount.
There can be no doubt that 1873, sol is a
fairly accurate count of the population
of st. Paul. Special Agent Wardle is
very confident that no one has been
missed; that the city has been secured
with fine tooth comb. Every latitude
has been given the census committee,
and the schedules had been thoroughly
investigated SO that there should
be no duplication of names. There
had been about 10000 names reported
to the census committee of persons
claiming to have been missed by enum-
orators. Nine-tenthS of these were
found to have been enumerated. Mr..
Wardle is we'll satisfied with the work
he has accomplished, and thinks that
the citizens of st. Paul should also be
satisfied. They have got careful and
correct count.
While no doubt there may be a sense
OF disappointment in some direction, a
population of 133,3Ol for st. Paul shows
remarkable progress on the part of the
city for the last ten years. The fed
eIal count of the city in 1880 gave Al, ,473
names names, In ,te ten a. years the city has
mounted to 133, 301, OF an increase of
221 per cent. This is marvellous gain.
and demonstrates more forcibly than
words the growth and future possibiIi
ties of the city.
The June count of the cjtv paya q
population of 1854. 1t will thus be
seen the present count falls 9.24O be-
low. On the other hand, by way of
comparison, Minneapolis recount is
some $4,000 behind the original count.
While no one will claim there was any
attempt at systematic padding in the
original count of st. Paul, citizens must
acknowledge there was some very
crooked work on the part of the emu
merators. In the Fourth ward alone
Mr.. Wardle reports 5000 Implications
were discovered. The Third ward was
noticeable for many Implications. Other
wards were equally bad.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-09-14

Acting Secretary Bachelor and AS
sistant Secretay Nettleton at the treas
ury department concerning the strin-
gency of the money market, during
which the whole situation was thor
Oughly gone over. The president, it is
understood, stated that it is his desire
to avert panic in the money market
and that none shall be permitted to
occur If the treasury department. can
prevent 1t. The views of the president
were telegraphed to Secretary Window.
at New York, who at noon sent the fol-
lowing message to the president:
"Have had conference with leading
financiers. There appears to be consid-
erable strlngency, but no reason to ap-
prehend serious consequences. l am
fully advised and will take such action
as think the situation requires" The
president has also been in consultation
by wire with Maj. Mckinley, the chair
man of the committee on ways and
means, and others in regard to the pro-
priety of extending the date fixed by
the senate for the new tariff bill to go
into effect. The matter, it is under
stood is to be the subject of a further
conference. The director of the mint
announced to-day his willingness to buy
largely of silver Monday if the offers
are favorable, in order to assist in re-
Heylng the Stringency in money. The
treasury department has authorized the
assistant treasurer to wave the rule of
requiring that all bonds owned by one
person or concern must be presented
when prepayment of interest is desired.
owners OF bonds may present part Of
their holdings.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-09-14
FOUR AT A TIME.
Elbow Lake Gets Full Hand of
Conventions.

Conventions.
Special to the Globe.
ELBOW LAKE, Minn., Sept. ia
Republican convention was held here
to-day and was carried by CaneStorp by
vote of forty-seven to one. The
Democrats also held convention and
sent six delegates to the legislative dis
trict convention. The Prohibitionists
and Alliance men also held conventions
to nominate county officers. Kittel
HalversOn, Eric Olson and Senator Hix-
son were present. The four conven-
tiOns drew an enormous crowd.
BISMARCK, n. d., Sept. 13.-At the
Republican legislative convention, held
to-day, Col. c. b. Leetle was nominated
for the senate and Oscar Ward and j.
f. Philbrick for the lower house. Res
OlutionS endorsing Blaine's reciprocity
ideas were adopted and warm eulogy
to Senator Pierce adopted. The MEM
bers are instructed to vote for the re-
turn of MI. Pierce to the United States
senate. A straight Democratic ticket is
also to be put upon this district. making
three tickets in the field.
ALBEIT LEA. Mimi, Sept. 13.-The
Alliance county convention to-day made
tine following nominations: Senator, III.
G. Nelson; representative, George NJ.
Miller and q. e. Norton, the latter
being president of the County Alliance.
The delegates to the congressional con-
vention are: r. NJ. Gardner. c. q. John
soud. John l.. Garlock, George ii. Pres
colt, a. D. Styve. The latter are said
to favor indorsing Capt. Harries. The
Alliance state platform was adopted as
that of the party of this county. The
ticket is in all respects creditable, and
the nominations are well distributed.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-09-14
ANXIOUS BUSINESS MEN.
They Write Letters on the Money
StrinGeuCy.

WASHINGTON, Sept. 49, The follow
ing is a sample of the letters that have
been received at the treasury depart
ment and that have been sent to MEM
bers of congress since a stringency in
money has been threatened. This let
ter is signed by Drexel & Co., and by
the presidents of number of national
banks:
Fully recognizing the efforts you are
making to relieve the business and mer-
camille community. we venture, how
ever, earnestly to suggest, in view of
the present strained condition of the
money market arising from the absorp-
ton of money by the treasury faster
than 1t can be withdrawn, the usual de-
mand for moving the crops, and the
apprehension of the large amount
which will be required to pay duties
under the new tariff, owing to
the increase of duties on certain ar
ticles, that the new tariff bill should be
amended in conference committee bv
enacting that goods bonded at the time
OF its becoming operative, on which by
the new law there is an increase of du-
ties, may remain in bond subject to the
charges of the present law. We think
such action will go far toward removing
the present anxiety and tend to the re-
StOratiOn of confidence"
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-09-14
" HE WAS A DAISY
And 1t Cost Californian $4,000
to Find 1t Out.

SAN FRANCISCO, CAL, Sept. ia
neat swindle has just been brought to
light. Some months ago two women
called on j E. Wells, real estate broker
of this city, and one of them introduced
herself as Miss Emma L. Dick, niece of
S. W. Dick, deceased capitalist. She
wished to sell a lot owned by her in
this city, for which she asked S35, 900.
For several months the woman
called OH Wells at intervals to
ascertain whether he had made the
sale. Finally, he informed her that the
property could not be sold for that sum.
She then said she would borrow sc, coo
on it. Wells acted as her agent, and
negotiated loan for that sum from
Thomas Crane. well-known capitalist.
The title was searched and declared
perfect, mortgage on the property
drawn up and placed on record last Sat
urday, and the money paid over. The
recording of the mortgage was not pub
lished until Thursday, when it was dis
covered Miss Dick made no mortgage,
and the woman who received the money
was an imposter. No clue can be found
as to her whereabouts. Those who saw
her now believe that she was man in
disguise,
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-09-14
LOOMS WAS A LOSER.
Why a Young Chicago Broker
Skipped the Town.

CHICAGO, Sept. 13.-Loring K. Loom
is, a young stock broker, is missing.
His business associates claim that he
has gone with $4,000 of their money.
Loomis kept his account at the Com
mercial National bank in this CITY.
Here he deposited his own money and
that of the companies he represented.
At 2:57 o'clock, the closing hour, Thurs
day, LOomis drew the entire account de-
posted there in his name. The total
$4,000. Of this about $4,000 was
his own. Loomis came here April
l. He was strongly recommended
and had no trouble in working up
business. His father is president of the
First National Bank of Manchester. 10.
Soon after he came here, young Loomis
began dealing in stocks, and soon had
more business than he could attend to.
Those who watched his operations
say the young operator had made sew
eral clever turns. and estimate his
gains since July as $4,000. Loomis
extended his operations to the East. It
is certain that he represented firms in
Cleveland and Toledo, but how much
further his operations extended cannot
be learned at present. Warrants have
been sworn out for Loomis' arrest.
charging him with embezzlement.
Loomis was at one time a LAWYER
and claim agent in Washington, d. c.
When he closed his Office for the last
time he was involved with George
Schreiner & Co., r. K. Owen, j. j.
Weber and Douglass & Co. Between
them these firms expect to lose $4,000.
Abroad Loomis' transactions were for
the most part with Pate & Co., Spear &
Co. and Kelly & Co., of Cleveland.
Their losses cannot be accurately
learned yet, but the firms here who
know Loomis' business affairs estimate
their aggregate accounts at $4,000.
Tonight the supposed cause of the
fugitive's sudden flight was disclosed.
Loomis, who, as member of the board
of trade, was receiving regular market
| quotations by wire, had allowed the
lines into his Office to be tapped by the
bucket shops, and was doubtless receiY-
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-09-14
1T SMELLS TO HEAVEN.
Why Gov. Cameron Leaves the
Republican Party.

Why Gov. Cameron Leaves the
Republican Party.
PETERSBURG, Va, Sept. 13. - EX-
Gov. Cameron is out in letter to w. S.
Dashiell, of Richmond, Va, in which he
renounces his allegiance to the Repub-
lican party. He details at length his
reason for his present action.
Among them he says that the party
has become sectional, and is now trying
to keep in power by reviving the pas
sions of the war. He denounces the
party for its failure to pass the Blair
educational bill; condemns the Lodge
bill, which he says is regarded by one
section as blunder and by the other as
crime; says the president has done
Dixon's line since his inaugu-
reluctance that any such country eX-
listed. and says his appointments in the
South have been of men without capa-
city or influence. He concludes: "But
on this remains my judgment for US to
do-fOr men who recognize higher
duty than that which can be expressed
by party name-and that is, to
free ourselves from all part and
lot with party which has
no faith too sacred for violation
and recognizes no pledge as too solemn
to be broken. l cannot lend myself to
the oppression of my people; and il
there is no political organization which
meets the full measure of our ap-
proval, we can at least leave that which
violates our every idea of right and senti-
ment. Not presuming to set up for any
other man or set of men standard of
duty, and willing to concede to every one
else that freedom of thought and action
l have always claimed for myself, my
resolve, founded on desire to be true
to myself and my country, is to refuse
all sympathy and cooperation with the
Republican party in the crusade against
this section which it now espOuses, and
under the leadership to which it sub
mits. WILLIAM E. CAMERON.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-09-14
SMITH WAS A BEAR,
And 1t Didn't Pay to Be That Kind
of an Animal.

AND 1t Didn't Pay to Be That Kind
of an Animal.
CHICAGO, Sept. ia notice an
nouncing that Charles Smith & Co.
could not meet their obligations was
posted on change this morning. The
failure excited general remark, as Mr..
Smith has been an active and bold
speculator and prominent factor in
the wheat market. Mr.. Smith is at
home sick, and no accurate estimate of
the firms assets or liabilities can be got
at. Smith & Co.'s liabilities are said to
be 100000, with nominal assets. One
source OF great loss to Smith was, it was
said. his heavy holding of gas sucuri
ties. These properties were raided badly
day or two ago, and, coming as it did
the heels of the government crop re-
port. which caused an advance Of z
cents per bushel in wheat. and an even
greater proportionate rise in corn, the
effect was disastrous. Smith was bear,
and of cOhrse was short of both grains.
1t is thought that he will be able to pay
dollar for dollar.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-09-14
One Man Killed and Anothel
Injured by a Cave-In in
Montana.
A Pierre Man Instantly Killee
by a Kicking Horse at
Aberdeen.
Pearl-Laden CLAIMS in Larg,
Numbers Found in the
ManitoWod River.
Many Cattle Fatally Injuret
in an Accident on the
Northern Pacific.
Special to the Globe.

Special to the Globe.
BUTTE. Mont. Sept. 13.-There was
terrible cave in the Gray Rock mine this
morning. by which John Rith was
killed and William Simon seriously in
Jured. These men had secured lease
on the mine and had sunk a shaft about
twenty feet. While both men were in
the bottom of the shaft tins morning
uuder several tons of earth. Men on
the surface gave the alarm and started
to rescue their imprisoned companions
The body of Rith was found underneath
an immense rock. which had evidently
crushed life from him instantly. Simons
was found alive, but suffering from
fracture of the collar bone and breast
bone. Hopes are entertained for his
ife.