davidaulloa/AmericanStories huggingface dataset:
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-07-11
SOME EXPLANATIONS.

Several things have combined to get
things in this dead and alive condition.
In the first place, the mere fact that
securities are so cheap makes people
hesitate to buy them. The stringency
abroad has dumped into Wall street a
bulk of paper too extensive for ready
assimilation. Stocks and bonds have
gone down because there have been SO
many for sale. Having gone down to a
certain point, there is an impression
that they will go down still further
This feeling makes people very critical
and very careful. Seeing that a stock
heretofore quoted at eighty can be had
for sixty, they examine its cOmpany's last
report and readily come to the conclusion
that it will sell at twenty points lower
before it reaches its real value. The
spirit of analysis is against the spirit
Of investment. When man insists on
knowing all about an enterprise before
he buys its securities, he will never
buy, because he will get weary of the
investigation before he makes up his
mind. If the movement were in the
other direction, everybody would be
eager to buy without knowing very
clearly why. The mere fact that things
were going up would be accepted as
prima facie evidence that they ought to
go up. A rumor of profits would then
be sufficient to excite the liveliest de-
mand. Everybody wants a security
when everybody else wants ii. But
once let the impression get about that
people generally are not inclined to
buy. and very quickly no one will buy.
The cheapness of securities is thus
one explanation of the dull market.
Another is the uncertainty on the cur
rency question. Investors will not let
their gold dollars 90 without knowing
for sure whether the dollars they are to
get back will be gold or silver ones.
One or the other kind will do, but they
want to know which kind it is to be. If
they are going TO get back silver dollars,
they propose to protect themselves by
the price they ask for their gold as tar
as is practicable; but, as it is not practi-
cable at all, they do the next best thing
and keep what they have. There is
some difference of opinion as to whether
or not the country would be better off if
it were on a silver basis, but no one can
doubt that the needs of business make
the determination of one basis or the
other imperative. If we are to have a
gold standard trade will go on with that
idea. If we are to have a silver stand
ard, after some preliminary confusion,
trade will adjust itself in accordance
with it. But as long as no one knows
what standard we are going to have,
the speculative and investment markets
will be paralyzed and inactive.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-07-11
ABOUT THE STATE BUILDING.

H Grass county attorney Of Murray
county, called at the capitol yesterday after
noon.
The Young Mems Christian Association of
Minneapolis fled articles of incorporation
yesterday.
Senator Hansbrough. of North Dakota,
called ON Auditor Bierman at the capitol
yesterday.
Prof B. \. Reynolds, of La Crosse, and j.
II. Prosser, of Fillmore county, were callers
at Attorney General Clapp's Office yesterday
The annual report OF the board of railroad
and warehouse commissioners was received
from the printer yesterday after long de-
lay The matter contained in the report has
already been made public.
Adjt Gen. Mullen came down from a fly
ing trip to Duluth this morning, and will
leave for camp at Lake City on the noon
train. Gov. Merriam and staff will go to
camp early this morning, where the governor
will inspect the First regiment to-day.
Amended articles Of incorporation Of the
Northwest Thomson-H Houston Electric COM
pany were filed at the secretary Of states
office yesterday. Article three of the articles
is amended so as TO read, "the capital stock
shall consist of 81, 800 900, of which S75O,OOO
shall be common stock and S750, 900 preferred.
The number of shares is increased to $1,000
at 800 each.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-07-11
WOOL IN POLITICS.

MCKINLEY aimed to make the wool
growers of Ohio solid for his sort of po-
litical people. He allowed them to
tariff. They were taught to believe
that all they needed to bring better
prices to them was to raise the duties
on foreign wool. They were given their
demand.an should be happy. They are
now getting into market their first crop
under the MCKINLEY fertilization, and
in place of the larger prices they find
the demand dull and the prices
some cents per pound less than
when the bill was passed. In
consequence these disappointed wool
growers came to the recent Re
publican convention loud in complaint.
MCKINLEY and his crowd heard their
plants, and generously promised them
10 put the tariff on wool still higher. 1t
would seem as if it might occur to them
that remedy that aggravated the
trouble would not be the judicious
means to take in larger volume. They
are, however, promised that when the
Resublicans get possession of all parts
of the government the duty on foreign
woods shall be made prohibitory. BOs-
ton is the chief wool market, and the re-
ports of local paper put Ohio wool two
cents a pound lower than last
year, and the sales 70 per cent
less. The increased rates on foreign
wool have embarrassed the manu-
facturers and diminished consumption.
They are driven 10 make all-wool cloths
with little of the sheep product. A
trade publication with opportunities for
observation says that shoddy, cotton,
cows hair, and other cheap things do
large duty in the composition of what
are palmed off as all-WoOI. This kind
Of goods is sold at the old prices, while the
genuine article has advanced. The fact
in the matter seems to be that the more
OF the imported wool the manufacturers
can obtain the more of the home article
they will use to mix with it. A reduc
ton of duties on free wool would be
worth more to the Ohio wool growers.
1t would stimulate the manufacture,
and consequently add to the demand for
home wool. 1t is TO the interest Of the
wool growers of this country to have
the wooden manufactures developed by
absence of restrictions on new material.
The manufacturers of wooden goods
have discovered that it was a blunder
to abate their demand for free raw ma
terials or lower duties in consideration
of the additions to the rates on imported
goods. The secretary of their associa-
ton on the passage of the MCKINLEY
bill gleefully declared that ''out of the
nettle danger they had plucked the
flower of safety for their industry"
The nettle is still there and the flower
is fading. Their organs admit that
they are getting into trouble. The
number of idle looms is increasing
constantly, and uncertainty and hesita-
ton mark the trade. They are not
getting the assets they looked for out
of the increased taxation of the people
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-07-11
PURELY PERSONAL.

Miss Sarah Menu, of 54S Bradley street, is
stopping at Center City for the summer.
Mrs. NJ. r. Wait.widow of the late chief jus
tice of the United States, and daughter are at
the Ryan.
Miss Dell Despins. of Marinette, Wis. and
Miss Libbie Murphy, of Menominee, Mich,
are visiting Miss Annie McCOurt, 162 Cayuga
street.
At the Clifton: E. A Baker, Winnipeg
\. Y. Merrill. Aitkin; A. d. Greenhow, Chi
cago; +. NJ. Libbey, Boston; j. c. Siberia,
Chicago.
At the Windsor: C. a. Morey. Winoua: j..
F. Madden, New York; J: S. Miller, AIexan-
dria; F. c. Merrill D. w. Merrill, Kansas
City; j. W. Ludwick, New York.
Patrick Donnelly, well known in Milwau-
kee educational circles. is visiting his
brother, J. q. Donnelly of this city. He is
accompanied by his three children.
Sam Bolter, for the past three years man
ager for Kohl q Middleton's museum in this
city, has been called to Chicago to take
charge of one of their new enterprises.
At the Metropolitan: l.. E. Overman, Chi
cago; 5. T. Heminway, Saratoga Springs,
Mont; c. d. Lawrence, Hiawatha, Kan; H.
d. Patterson, White Sulphur Springs, Mont. /;
NJ. C. Kirkeby, j. j. Schneider, j. n Bar
tholdy, Mrs A. c. Hunt Chicago: NJ. A.
Leahy, Ashland, Wis; Miss Loveland, Sioux
City, 10.
At the Ryan-E. NJ. Raworth, Fargo; John
H. Eames, Chicago; James Johnston, St.
Louis; Alfred Rogers and wife, Missoula,
Mont; D. j. Fitzgerald. Anaconda. Mont. !;
John f. Plummer and John +. Plummer Jr
New York; Mrs. Robert Kerr, Winnipeg; J.
A. Boggs, Duluth; Il. W. Marsh, Kenosha,
Wis; L. j. Foster Winona; George Packer
and niece, Devon, Eng; Henry Douglass,
New York.
At the Merchants: Isaac Parsons, Saginaw,
| Mich; Alex MeKinnon, Crookston; F. W.
Hoyt Red Wing: K. D. Chase, Faribault; A.
S. Chase, Duluth; 4. L. Merritt, Duluth; ".
S. McClenahan, Brainerd; Donald Grant,
Faribault; w. w. Gregory, Chieago Charles
S. Mitchell, Madelia; Oscar P. Kemp, Water
town, 5. D.: John Cooper, st. Cloud; Charles
Keith. Princeton; W. j. Officer, Tracy; E. D.
ChildS, Crookston; T. Foley, st. Cloud; NJ :.
D. Taylor, ST. Cloud; A. B. Dsggett Boston.
The following occupied boxes last evening
at the Metropolitan opera house: Robert
| Manufacturer Arnold Kalman, Mrs. J. c.
| Lysde, Mrs w. LETTERS. Leavenworth, Kan. !;
Mr. and Mrs. C. W. Chase, Miss Potts, T..
Doran. Miss Josephine Kalman, Miss Nor
ton, Miss Blakley. Miss Day, Miss Lilly Day,
C. Burtker, Dan band, ". Forepaugh, Mr..
| Denegre, Mr.. freeman, Mr.. Owen, Mrs. Kali
man, kuskin Arnold, 4, Egner, Miss Arnold,
j. W. Mitchell, B. K Salverson, W, F. Lord.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-07-11
WALL STREET AND THE WEST.

People in the cities and rural dis
tricts of Minnesota may ask What
have we to do with all this, and what
difference does it make to us how
things go in Wall street," But there
really is no section in the country more
interested in such matters than the
new regions in the West. The develop
ment of a country like ours depends on
the existence of confidence and interest
in new ventures and enterprises at the
worlds mOneyed centers. Municipali-
ties can float their bonds more easily,
and at lower rates, when investors are
not skeptieal about their solvency.
When the market is buoyant men
undertake the construction of new
railroads and new systems of water
works and the erection of new build
ings because they feel sure that the
money they will need to make them
success will be forthcoming when they
ask for it. A higher price prevails for
commodities and cheaper price for
money when Wall street - lively and
cheerful than when it is gloomy and
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-07-11
PROMINENT PEOPLE.

1t was John Bright who said THAI
England would remain monarchy
until she had prince unworthy of her
throne.
Vice President Morton is enjoying
months camping tour in the Adiron-
dacks, on st. Regis lake, near Paul
Smiths.
The trustees of the fund for the bene-
fit of Gen. Ranks announce that 5000
has been raised. They wish to secure
$4,000.
Lyman Bryant, the old sexton of the
quaint town of Holden, Mass, now
dying at the age of ninety-One, had
during his forty years of Office inferred
500 persons.
The Rev. Sam Jones. ex-senator In
gals, the Rev. Sam Small, is the way
the late president pro TEN Of the senate
is sandwiched among the attractions Of
seashore show.
Lord Ashburnham's famous "Textus
of the Gospels is valued at S50,0 O0 and
is on view at the bOOkbinderS' EXPOSE
ton in London with the Mazarlne Bible
and Mary Tudor prayer-book.
M. FlammariOn, the French astrOno-
mer. declares thai the climate of Europe
is growing colder. This in part accounts
lot LIl6 CIlitlUtSS DtLWGtH AdlSGI w III
lam and Prince Bismarck.
Judge r. A. Hill, United States judge
for the Northern district of Mississippi,
will soon retire. He was appointed by
President Johnson, and is eighty-one
years old.
Robert S. Onion, of Baltimore. and
Francis Parody, of Philadelphia, have
written new play, Onion, no doubt,
furnishing the strong points and Paro-
dy the comedy.
Walter Savage Lander, Arthur Hugh
Clough and Elizabeth Barrett Browning
were buried at Florence, near the grave
of Theodore Parker, on which w. w,
Story's monument will be unveiled
August "a.
Rev. Heber Newton's defense against
the charge Of uncanOnical practices will
be published in book form and will con.
sumo 200 pages, with cOpious foot notes.
1t will make great volume for the sum-
mer hammOcks.
A London interviewer who saw Mary
Anderson recently says that her figure
was as queenly as ever, ami her beauti-
full face was flushed with the healthy
tinge that comes from outdoor life. Her
eyes flashed with happiness and high
spirits. She wore close fitting and
elegant but very simple costume Of sage
green material.
The Prince of Wales favorite resort
in Paris is the Cafe AngIaise, where the
walters. if they were disposed to be at
all loquacious. could tell some highly
interesting stories of his royal high
ness pastimes. His conduct there in
the days of the Second Empire, when
Cora Pearl was the leading demi-
mondaine of Europe, was especially
scandalous, and the memory of royal
orgies still fingers about the famous
restaurant. 1t may be of interest to
Anglomanacs to know that the princes
usual tipple is mixture of gin and
champagne, which is somewhat of an
improvement on Bismarck's favorite
shandygaff of beer and champagne, and
rather more potent as well.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-07-11
Conferences Declared Off.

New YORK, July l0.-General Master
Workman Powderly yesterday issued
special circular to all local assemblies
of the Knights of Labor declaring off
for the present all the proposed indus
trial conferences which were to have
been held on July 90 to take up the
platform of the Farmers Alliance and
join hands with the third party. The
call for this conference has met with so
little responte that Mr.. Powderly deems
it wise to take this action.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-07-11
A City's Claim.

The City of Brainerd against The
Lake Superior and Puget Sound Com
pany is the title of suit in chancery
argued in the federal court yesterday.
The title to Gregory Square, park in
Brainerd, is in dispute. The plaintiff
alleges that when the plaintiff plated
an addition to Brainerd it donated the
park to the city. and that the words
''for public park' have been since part
ly erased from the plat by the use ct
knife or other sharp instrument. The
defense claims that the words were
originally Gregory park. reserved"
and that the square was not dedicated.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-07-11
A POEM OF THE SUBURBS,

The moon rides brayely out tonight,
Along her course of solemn blue;
And cross her face, as if in jest
A wine-sWeet wind from out the west,
Puffs star-fecked clouds Of fieecy hue.
Below, the streets are silver bright,
And faintest football sounds afar,
The branches of the leafless trees
Are all a-whisper, and bend to tease
The walks their ebony shadows mar.
In soldier files the street lamps CLEAN.
And where they merge in one pale star.
There fades blur of sea. green light,
AS if some wandering, restless sprite-
Great Scott That must have been mi
car"
George W. Arnold Jr.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-07-11
A PIUTE CANDIDATE.
Senator Stewart Would Favor
an Indian Who Believed
in Free Silver.
Texas Alliance Men Want No
Third Party in
Theirs.
Gen. Daniel SickleS Talks Of
His Relations With Lin
coin.
Proposed Conferences De-
elared Off by Powderly--
Gossip Of Politics.

NEW YORK, July lowe intend to
have a presidential candidate in 1892
who favors the free coinage of silver
even if we have to put up a Piute
Indian" said Senator Stewart, OF
Nevada, to reporter tonight.
do you expect to elect your pro-
silver Piute candidate?"
THAT is another question. We will
run him through, no Eatter what takes
place"
''Do you count on the support Of the
Farmers Alliance?"
1--WE will have a candidate and he will
get the yotes.''
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-07-11
Will Watch Paupers.

WASHINGTON, July TO- Assistant
Secretary Nettleton has instructed
Acting Superintendent Of Immigra-
ton O'Beirne at New York, in
view of the published fact IN foreign
newspapers that destitute Russian Jews
were being sent to the United States, at
the instance of officials of foreign gov
ernments, to exercise especial care in
their examination. The matter, it is
lntimated, may become the subject Of
diplomatic correspondence.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-07-11
METHODS IN HARVEST.

A Philadelphia paper recalls the old
time method of harvesting in an ac-
count of sickle race near Reading.
About forty Of the farmers participated.
mostly of the old fellows who remem-
bered when harvesting machines were
being introduced, and were regarded
as the devices of cranks. They had
cut rye in their boyhoOd days with the
sickle. The leader, who took the first
prize, was seYenty-fye. years old, and
the sickle had been in the family $50
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-07-11
TEXANS NOT IN 1T.
Alliance Men Who Want No Third
Party.

FORT WORTH, Tex, July 10.-The
state convention of Alliance representa-
tives opposed to the subtreasury move
and the attempt to bag the Alliance for
the third party met this morning,
about 300 being present, includ-
ing many leading Alliance men of the
state. Complete organizations will not
be perfected till late this afternoon.
Plans are being arranged for an active
organized movement to oppose the
propaganda of the third party, which
has made dangerous inroads upon the
Alliance.
E. w. Bragg presided over the con-
vention, which was called to order this
afternoon. In his address he said that
if any delegate was present who favored
the subtreasury scheme or the forma-
ton of the third party that delegate
would find more congenial political
companionship in some other fold.
These sentiments were heartily APP
pauded and att the delegates remained
in the hall. Committees were then APP
pointed and the convention adjourned
temporarily.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-07-11
VIEWS OF DAKOTA EDITORS

The st. Paul Press club has a rousing
beefSteak supper at midnight the last
Saturday of every month. 1t is claimed
that not even the noI5iest Clover club
or GirdirOn club sympOSiumS are more
obstreperous and uproarious than these
st. Pauline Bohemian bull-beef ban
qnets.-COl. DOnan in Fargo Argus.
-
The Pioneer Press refers to the
Fourth as 1.-THE day we desecrate." 1t
begrudges the boys their freedom and
their noisy explosives, and laments that
the Declaration of Independence was
not signed on the Goth Of February-sO
its celebration would be quadrennial
instead of annual. This position of the
p. p. is Enthusiastically selfish and
illiberal. Alert.
-
A terrific fight between buck mos
quito and tiickertail gopher was wit
messed near BillspOrt the other evening.
The flickertail pulled several mouthfuls
of feathers from the mosquito and broke
one of its legs. but the latter finally
transfXed the gopher or his spear and
flew away with him. Emmons county
housewives complain that the mos
quitos carry off their young chickens
and suck the eggs under their sitting
hens.-Emmons County Record.
Il is useless for North Dakotans to
pretend that ex-senator Pierce has been
Delilahed at the White house. The eX-
senator is something of a Samsonian
sport, it is true, and one could write a
poem akin to Byron's Childe Harold
upon his career. But he is still the
power for North Dakota with Uncle
Ben, the Grizzly. His pull Is likewise
OF a texture and tenuity that Republic
cans of North Dakota will be wise to
reverence. Grand Forks News.
-
For convention purposes and con-
venience, such as will be required on
this occasion, Minneapolis and St. Paul
are practically one and will join hand
in hand in entertaining the visitors.
Senator HaDsbrOugh, who is member
of the national committee, has given as
surances that he will vote for and use
his influence in favor of Minneapolis.
North Dakota. South Dakota, and all
the states south and west ought TO make
a strong pull and pull altogether for
Minneapolis in her efforts to secure the
national Republican convention. -
North Dakota Capital.
Whether South Dakota does or does
not have an exhibit at the Sioux City
corn palace, let it be hoped that there
will not be there again such display
as was conspicuous once-a shawl or
quilt bearing the legend, ITO be ratified
off for the benefit of the destitute set
tiers of South Dakota.-SiouX Falls
Press.
-
The thorough drenching which the
soil of this state is receiving assures a
crop for two or three years. All over
the state dry runs and lake beds are fill
ing up rapidly, and their influence on
moistening the air and destroying hot
winds will be incalculable. The seven
fat years are upon us.-Sioux Falls
Argus.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-07-11

anxious. Every dollar of capital which
comes into our borders because the
boarded surplus is looSened in response
to hopefulness and confidence means an
increase in the comfort and prosperity
of this community. The news from
Wall street carries a very important
message to US away out here, and is
worthy of constant study.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-07-11
No Jurisdiction.

The verdies rendered in the United
States circuit court in favor Of Lucy
Baxter against Jerome A. Chute ct al.
was set aside by Judge Nelson yester-
day and the case dismissed on the
grounds that the court had no jurisdic-
ton. The verdict was for $2,372 upon
promissory notes. AS the amount Of
principal, exclusive Of interest, did not
exceed $1,000. the Circuit court does not
have jurisdictions
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-07-11

PHILADELPHIA takes good deal of
pride in the claim that Miss Liberty on
the silver dollar is really Miss WILL
IANs, a teacher in the schools of that
city. The romance is that the engraver
was so captiyattd with her as he studied
her features that he wanted to have
1.-TWO hearts beat as one" but one of
them wouldn't. Yet some people allow
the bacilli to quarter on the face of the
dollar.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-07-11

against Chase have nothing further to
say. You are the better politician
Gen. Sickles said he did not know who
the Chicago man who had mentioned
his visit to Tennessee could be. "For,"
said he, IL do not think ever spoke Of
my trip except to the president"
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-07-11
ODDS AND ENDS.


When the special committee reassembles to
complete its investigation into the methods
in vogue in inspecting wheat, some ancient
history is likely to be dug up. The records
of the Minneapolis union elevator will prob
ably disclose to a long waiting public the
causes that led to the average of nearly
100000 bushels of wheat-th that average that
tempted Harry Holcomb and others TO their
disgrace and downfall.
-
On the day of the adjournment Senator
Smith of Minneapolis gave notice that he
should require the PIllsburys. Petit A. j.
Sawyer, Peavey and others to appear before
the committee to give what information they
may have. and the senator formally
announced that his purpose was to probe the
matter to the bottom.
1t is indeed amusing 70 note the persistency
with which the local papers speak of the
National Editorial association as the
National Educational association. 1t is
true the editors in their true functions are
potent factors in educating the generation,
but they are more properly the ''moulders Of
public opinion
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-07-11

IT Is being noticed by the statisticians
that the divorces obtained by women
are almost double in number those the
men want. If the figures are taken from
PORTER bulletin, it may be doubted
that they have any near relationship to
the facts.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-07-11

THE shipments of farm machinery
West mean that there is to be more
work than the old apparatus can do.
There need be no apprehension that
the prices will be kept down by any
overestimate of the crop.