davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1891-09-25

this issue il necessarily an addition TO tne paper
circulation which has to be redeemed IN goiu'
and that inability to redeem 1T will Dring
collapse by February
In this country it is tolerably known that the
new Treasury notes in part compensate ior Tue
rauid retirement Of bank circulation, when mas
exceeded sS5 900, 600 in the year But there
are other parts of the paper circulation Wnlcn
tend to decrease as these notes increase. Inc
amount OF gold certificates outstanding varies
rapidly. and naturally tends to diminish wheh
other paper circulation is in abundant supply
The amount of legal tenders is fixed technically,
hut practically variable, because the part OF
tbcm retained in tho Treasury varies with the
s,,pply of other kinds of money for payment, ana
with tbe demand for other kinds OF money.
Finally. Mr.. Giffcn blunders absurdly in sup
nosino that the issue of S4,500,000 new notes
zach month means that this amount is added
~ the circulation, for the notes go back in the
Treasury through payment OF duties ana taxes
and accumulate there, so that the increase IN
notes outstanding may be much smaller, or noth-
ing at all, unless there is such demand for tnat
kind of paper that more Of it is taken out ana
kept in circulation
Next as to the power of redemption. There
,voro many in this country who thought last
March. as Mr.. Giffen now thinks that inc
ability of the Government to redeem gold might
he impaired, for they saw the beginning OF that
great outco of gold which did not abate until
more than $4,000, 600 had gone from the
country. But the test proved one thing that
mblic confidence in the Government and It's
notes was nevertheless mistaken, and there was
no greater demand for redemption of notes than
there had been before the gold reserve was re-
duced. At the lowest, the gold in the Treasury
much exceeded $500, 100000, and the country
is not vet in such state of mind that a sum
so large can be withdrawn for notes Mr'
Giffen imagines that great banking institutions
here are drawing gold from Europe in order to
fortify themselves against coming disaster lie
should be informed that he is amazingly IN error
IF such institutions here want to fortify' them
selves they send gold to Europe or buy foreign
exchange, for their fear is only lest the currency
NAV decline to the silver basis. But gold comes
bither because Europe has to pay for bread.
And with the certainty that Europe must
speedily pay many millions in gold Tor the oreao
II needs, and that the gold reserves in this
country are about to be enormously increased, IN
spite of all resistance by foreign banks Mr.
Giffen imagines that collapse is to come IN
February. With 100000, 900 to $50, 10000
more gold, the country is going to distrst
currency which it did not distrust at all when
the reserves of gold were at their lowest. In
dine time all will see how good prophet Mr.
Clifton is and when the sky falls we may catch
larkS
New-York tribune., 1891-09-25

perhaps the safest harbor in those waters The
idea that the shipping has been driven from that
port by earthquakes and hurricanes and forced
20 take refuge in Barbados is exceedingly kitten
ish Carlisle Bay, the only port In Barbados Is
an open roadstead In shallow indentation Of
the coast. 1t is not horbor in any sense and
is about the last place In the West Indies where
shipping would take refuge from hurricane
The explanation Of the commercial decline Of st.
Thomas is a very simple one. 1t was formerly
the chief West Indian station Of the Royal Mail
Line and the centre of mail and transportation
communications. The English company In
duced for imperial reasons to convert Barbados
into its main port Of call and not to run into St
Thomas. That transfer, rather than earthquakes
or hurricanes, drove commerce from the Danish
West Indies The German steamers and merchants
have recently made st. Thomas the centre OF their
trading operations in those waters.
New-York tribune., 1891-09-25

and by batteries on the precipitous s'opeS DacA
of the town. Its strategic relations WIN reier-
.noo ~ tbe Isthmus and Nicaragua Canal routes
and ia central position in the West lnd'es'
where IL is the natural port Of call for steamers
,r the brazilian trade, do not require Demon
s,ra,ion. II is better site for a naval stanoh
than either Mole st. Nicolas or SANTANA bay
and IL can be acquired by pirchase.w1thout IN
volvine the Government in any compilcauohs
in attn American races or exciting suspicion
of annexation greed. The Danish Government
having sold the island once before, and the
nonulation having voted in favor OF annexation
bv q large majority, there seems to be no reason
70 douht that the transaction can be carried out
10 Congress be willing to vote the appropriations
Tho Danes. like the Dutch, went to the West
Indies in order to trade rather than to colonlze'
They took part in the slave trade during the
o;oh,aenth century, carried sugar and supplied
avn. and provisions to the Lesser Antilles DUR
inc the Anglo-French wars and defed the pro-
b;b;tions of Spanish law in Cuba and Porto
R;co In the era of peace opening with the
nresent century the value OF the island as
trading station has declined. 1t is worth less
,o-dav than it was in 1865, when Secretary
Seward opened negotiations for its purchase
for the American Civil War had tended tenn
norariIy to revive it's fortunes. 1t is altogether
nrobable that Denmark will be willing to sell
.bo island There is no better site than st.
Thomas for a naval station in the west lndles'
if one be required by the United states.
New-York tribune., 1891-09-25
Mr.. CITIZENS PANIC.

Mr.. Robert Giffen, Of the British Board of
on British subjects that his prediction of panic
in this country may receive more attention than
it deserves Capable students of finance rarely
indulge in prophecy Such men know that the
complicated conditions and countless influences
which may affect any future situation cannot
all he measured in advance, and that failure
TO measure rightly any one of them exposes the
prophet to derision. 1t is only fair TO add that
among such students Mr.. Citizens reputation
has by no means equalled the impression about
him which prevails with other people. The care
and accuracy Of his statements have more than
once been questioned and proneness to allow
his wishes to shape his figures is attributed to
him by some critics of weight.
II is plain from the very language he uses
that when Mr.. Giffen discusses the financial
future in this country he is talking Of something
which he does not understand. This country,
he thinks, "has become overloaded with paper
currency, and the issue of silver certificates to
the amount OF $50. 600, 900 annually was a
great legislative mistake and is bound TO bring
a crisis speedily. February will probably bring
the worst of the position" This is dismal
prediction, but it is obviously based upon blum
derS. There is no monthly issue of silver GER
tiiicateS, but of United States Treasury notes
which are redeemable in gold on demand. No
stress need be put upon the fact that the law
authorizes tho issue of less than S54. 600, 900
of these notes in year, with silver at its present
price. greater blunder is in supposing that
New-York tribune., 1891-09-25
AmuscmenIs.

AcADEMY-9-The Soudan.
BIJeU THEATRE-s :15-Niobc.
BROADWAY THEATRE-S-wang.
CASINOS :15-Indigo.
CoLUMBUS THEATRES: :15-Darlnston's widow.
EDEN MUSEE-wsx Taoeaus.
GARDEN THEATRES :3o-Ncro.
GRAND OPERA HoUSE-S-Shenandoah.
HARLEM OPERA HOUSES :15-Aunt Bridgcts Boby
HARRIGAN'S THEATRE-S-Reily and the 400
HEYRMANN'S THEATRES :30-The Solicitor.
HoY7ss MADISON SQUARE THEATRES :3o-Jsne
ROSTER e. BIARS-S-vaude,1le.
LYCECM THEATRES :l5-The Dancing OH.
MADISON SQUARE GARDEN AMPHITHEArRE-S;1' ;1'
Concert
NEW PARK THEATRE-S:15-Boys and Giris.
PALMrk's THEATRES :I5-Amy Robsart.
PRocToR's THEATRE-s-Mr. wikinsons Widows
STANDARD THEATRE-S-The Struggle for Life.
STAR TnEATRE-S-The Club Friend.
ITALIA THEATRES :l5-The Pupil in Magic.
UNION SQUARE THEATRE-S 15-The Cadi.
a4TH STREET THEATRE-s :15-Odette.
New-York tribune., 1891-09-25
A GOOD SITE FOR A EAVAL STATION.

A GOOD SITE FOR 4 EAVAL STATION
Some of our neighbors have been repeating in
Washington dispatches some interesting rumors
respecting the acquisition of a naval station in
the West Indies. Ii is intimated that negota-
tions have been resumed with Denmark and
that a refusal of the island of st. Thomas has
been secured "at about the same price, offered
in 1857 when Secretary Seward purchased it.
These rumors are shown in our own dispatches
on another page not to have been well founded ;
the statement that President Harrison will
recommend in his annual message an appropria-
ton for the purchase of the Danish islands is OBJ
viously premature; but while no diplomatic
action has yet been taken we are glad to re-
ceive assurances that the Administration is ser-
ousy considering the question of obtaining Il
naval station in that quarter rather than in
Hayti Indeed, THE TRIBUNE has already
recommended this diplomatic change Of base as
wise and expedient.
The development of the Nations naval re-
sources involves the necessity of having stations
where cruisers in time of war can be coalcd
and repaired without reference TO the restrictions
of neutral ports. President Lincoln during the
last months Of his Administration favored the
purchase of ST. Thomas because during the Civil
War American men-ofwar had been constantly
embarrassed by the prohibitions of British ports
in the West Indies. The same reasons which
influenced him have even greater force now
since the efficiency of the fast cruisers in ser
vice depends wholly upon their coaling iacili-
ties. In any war which may anse with a
European Power the West Indies will inevitably
be the scene of naval operations, since five
maritime nations have colonial possessions there.
1t will be of critical importance to have in such
an emergency naval station where ships can
coal and he repaired without restrictions or the
enforcement Of the twenty-four hours rule.
ST. Thomas is almost an ideal station for this
purpose. 1t mas a capacious and fairly deep
harbor which can be rendered impregnable
against attack by Notifications on the lofty
headlands commanding the narrow entrance,
New-York tribune., 1891-09-25
FOURTEEN PAGES.
THE NEWS THIS MORNING.

Foreign-The Porte has addressed a circular to
the Powers in explanation of the Dardanelles in
cident - 1t is said that the Dominion Cabinet
is to be reorganized; Mr.. Mercier may retire
temporarily from his Premiership. - Fourteen
persons were killed and twcnty-four injured by a
railroad collision in Spain. - Chinese feet
has been dispatched to the scene of the recent
disturbance, and China asks France to suspend
action in the matter.
Domestic-Nine lives were lost in a collision
on the Pittsburg and Western Railroad. -
MANY fremen were hurt at fire in Minneapolis.
g. The Republican State Convention OF
Nebraska met at Lincoln and nominated candl-
dates - L. +. Searles continued his testl-
Inony in the contest over his wifes Will at Salem
- The afternoon concert at the Worcester
Music Festival was devoted to the works Of
American composers. - The monument to the
Tammany Regiment was unveiled at Gettysburg.
e. Yale. Harvard, Williams and other colleges
reopened - Governor Hill spoke at the Frank
lin County Fair, and Senator Hiscock at the
Orange County Fair
City and Suburban.-At the Union League CluD
there were speeches by ]. Sloat Fassett John W
Vrooman, ex-senator OConnOr, A. G. Wade, Yer
planck Colvin, General Hedges and Chauncey NJ
Depew - The Brooklyn baseball team de-
feated the New-York mine. 80 Winners at
Gravesend: Santa Anna, Willie L, La Tosca
Johnny Heckscher, Ocypete and Dalsyrian -
ExCongressman Herman Iehlbach was nominated
for Mayor of Newark by acclamation at the ke-
publican City Convention. 80 The Health
Board discovered that large quantities of grapes
in the market showed traces of poison. -
Stocks extremely active and materially lower.
Missouri Pacific fell nearly 10 per cent, Union
Pacific over 1-2, and the general market about
j 1-2a2 per cent The closing was weak at the
lowest points.
The Weather-Forecast for to-day: Fair and
slightly warmer. Temperature yesterday High
est. 7s degrees lowest, 6s ; average, 72 3S!
New-York tribune., 1891-09-25

In consequence of trifing accident IN a
church at jacksonville, Fla, one person was
killed and score Of others were seriously IN
i,red. The fact that the panic was due ennreiy
to ignorance and superstition and would not
have been possible if any one in authority IN
the church had possessed ordinary common sense
and presence Of mind renders the results all the
more distressing. A congregation OF coioreo
people was thrown into panic simply because
the gas after Pickering for little while went
cut entirely. The bad behavior of the light was
interpreted by some of the more imaginative OF
the worshippers as having a solemn moral I'M
mort and the consequence was that when a
deacon got up to leave the room the rest lost
their heads and made wild rush for the narrow
doorway. Hence the catastrophe. While not
in favor of tarring and feathering that deacon
we should like to see his church discipline MIN
in the first degree. Gentlemen who take 'ne
lead in panics cannot safely be at large without
New-York tribune., 1891-09-25

precipitatcd. The Government that undertakes
to uphold "boodlers" and that forces It's sub
seryient Parliamentary majority to continue II
in power against the unmistakable will OF the
people that it should retire, challenges popular
measures of drastic if not revolutionary KIND
New-York tribune., 1891-09-25
Jnoex 10 ADVERTISEMENTS
bnslnfss XoIlres.

HUSBANDS CALcINED MAGNETA-Four nrst
pramums awarded agreeable to the taste ana smaller
SoSes than any other gnesa for sale In bottles OILY
with United states Government registered leoel ataHeu
without which is genuine, at druggists anu Country
New-York tribune., 1891-09-25

That message of congrotulation which was sent
to Roswell p. Flower by Grover Cleveland, Joseph
ID. Bryant and f. c. Benedict from Buzzard's
Bay doubtless had peculiar significance to many
Democrats. Many politicians who have kept track
Of the movements of Grover Cleveland and David
b. Hill, and have noticed how carefully the two
men avoided meeting each other, have wondered
how managed TO keep terms of the
closest intimacy with both of them. Dr. Joseph
ID. Bryant, Health Commissioner Of the City OF
New-( York, is boon companion Of the ex-Presi
dent lie also is Surgeon-General on the staff
of Governor Hill, goes about with him in uni
form on all occasions of display, and is privi
legged visitor at the Executive Mansion in AL
bany. 10 some minds it may appear that the
biuE doctor 10 trying to ride two horses at once,
unable to make up his mind which TO let go, and
in danger of falling between them if they get
too far apart To Others the thought may occur
thot he is medium for the exchange Of senti-
ments which the two prominent Democrats wish
to conceal from the Mugwump allies and from the
Tammany braves.
New-York tribune., 1891-09-25

Governor William F.. Russell Of Massachusetts,
writes TO political club out West that the DEM
ocrats of his State hope TO carry II again this
fall. Oh, no, Mr.. Russell. Once and out is
the rule for Democrats who manage TO gain State
Offices in Massachusetts,, the lightning refusing TO
respond to an encore.
New-York tribune., 1891-09-25

"The Evening Post" is horritied by the idea
Of acquiring naval station at st. Thomas, where
there was once an earthquake SO noted has it
become for earthquakes and hurricanes" the dear
girl remarks, that the shipping which crowded
its harbor a quarter OF century ago has taken
refuge at other ports. and chiefly at Barbados" ."
There was an earthquake on the very day when
the American and Danish commissioners brought
the annexation project before the people of the
island, but while it was a severe visitation, il
did not ruin the town nor have the effect of
driving away foreign commerce. AS for huTi-
canes, West Indian port is secure against them
during the month OF August, but st. Thomas is
New-York tribune., 1891-09-25

The arrival at this port of the French cruiser
Naiade with the flag of the Admiral OF the
North Atlantic Squadron is an interesting naval
event. The cruiser is not one of the most
formidable ships in the French service, but has
many characteristic lines and features which
American naval experts will be glad to have
the opportunity of examining. Men-of-war from
the Toulon shpyards are seldom seen in these
waters. When one does come to an anchorage
in the North River the old-time traditions Of
the American Revolution and the French alli-
ance are revived with sympathetic interest.
The Admiral will receive in New-York the cor
dial and even affcctionate welcome which Ameri~
cans always reserve for representatives, of the
one nation in Europe which aided in the liberia
ton of the harassed and oppressed English
colonies
New-York tribune., 1891-09-25
TRIBUNE TERMS TO NAIL SUI

Postare 1repad by Tribune except Daily and Sunday
paper subscribers in NewYork CITY and on pay
bcniWe and Weekly TO iorelgn eouhs,les In WIN"
casS extra postage will be vaid by suoscrDefs, ,. -
E.mit BY Postal Order express Order Check, Draft or
Repstered Letter. .-,....-S ,a.,o.
cash Postal Note sent in an unregistered letter.
Main once OF Ihe Tribune 1874 Nsssau.st. New.York
Address all denct simply I" The Tribune new
York.
New-York tribune., 1891-09-25

Why is not the voice Of Standard-Bearer Flower
heard in the land? The voters would like to
hear his candid opinion of Tammdny Hall, to
which he owes his nomination. And why is
Sheehan so quiet? Having recently denied a
body of clergymen the right of petition, does il
strike him that the less he has to say the better?
New-York tribune., 1891-09-25

The friends of Frederick Douglass will regret
his lack of discretion in continuing in The North
American Review" his art cleS on the relations
Of IIayti and the United States. His second
chapter of secret revelations" contains nothing
of any real Importance, and is taken up mainly
with his scnstiYencss respecting Admiral Cher
ardis diplomatic mission and his private griev-
ances against the agent Of the Clyde shipping firm.
Mr. Douglass seems TO have some appreciation OF
the fact that his course in blurting ont con-
hdential matters with which he was entrusted by
the State Department is unusual; but he fancies
that criticisms of the press upon his official
Justify him in violating all the precedents and
usages of diplomacy in publishing these articles.
An old-time contrOvcrsiast Of the anti-slavery
period ought TO have hccOme Injured TO structures
from the press Nothing which was charged
against Mr.. Douglass approached in seriousness
the lust criticism to which he has exposed himself
by lis precipitate and unseemly haste in writing
these undiplomatic papers. That the Administra-
tion was not influenced in his case by prejudice
arainst his race has been demonstrated by the
appointment of his successor. This prejudlcc
seems TO he the burden Of his complaint, and his
self-consciousness and irritability go far toward
proving that he was not in his proper sphere in
the diplomatic service.
New-York tribune., 1891-09-25
THE TALK OF The DAY.

So far as attendance is concerned the present exh.
bon of the Holy Coat at Treves bids fair to be very
successful II is estimated that before the close Of
the exhibition october fully two million people
will have visited IT, The comparatively Shall number
OF American pilgrims has been noted by some foreign
Catholic journals fact not creditabe 10 American
Catholicism. But ii is not likely that any American
Catholics will be seriously disturbed at this criticism.
"weI, good night Miss A-,' said young man
the other evening TO Dwightvlle girl whom he was
visiting. u think it's better for me to go. feel
certain that II stay two minutes @ IoEger L shah I,i, Se
she added, want to show you my sachet bag pefOrs
Is only necessary TO State that the young man in ques
ton Is pOssessor Of bright intellect and he quickly
embraced the situation and can further assert thas
the girl was in t.-(Binghamton Republican
Mr.. Allen. the Republican nominee for Governor Of
Massachusetts, is making most excellent impression
lie is young good-looking full Of magnetism, and
capital speech maker. Besides all that, his record in
the state Legislature and In Congress one which
he can point with pride 1t Is evident that Charley"
Allen is going " to get there in great shape
AMONG THE COTTON FIELDS OF GEORGIA.
:. He know how to hgger
M how TO wok er Niger;
Sweet in de mouf
But 'e stan no kicdn',
way down Souf,
In OF cotton pckn'l
Jes' fo' day,
Put o. bed 70 toss 'em
Of an away;
Wen de Jew is on de blossom.
Open yo' mouf
Ef yo' wsnter git nckin',
way down Souf
In OF cotton pickin'i
oh, dat LAM
Dey amt no beatins
Money in de hand
AM a sight o. Jolly eatin';
Melt in yo' mouf
Tater pone m chicken,
way down Souf,
In OF cotton pickin't
Ny gal sly,
she do de cookin',
Gimme chicken pie
Wen de misses amt cr iock1nC
Rain er drouf
You'll fn me er stcken
Way down Souf.
In OF cotton pickin'!
New-York tribune., 1891-09-25

]. Sloat Fassett has an admirable way of pre-
sentng to the voters of New-YOrk the issues
of this extremely important campaign. Last
night he supplemented his brilliant address Of
Tuesday evening at the new Music Hall with
an eloquent appeal to the powerful Union
League Club to take up arms and valiantly to
fight with the Republican leaders against Hill
ism, Tammauyism and ali that is corrupt in tho
Democratic party of this State. The young
standard-bearer has shown the enemy what a
gallant chieftain he is. Already he has forced
them to assume the defensive. His campaign
shows no trace of faint -heartedness, indeciSion
or sloth. He has come boldly out into the open
field. and finding the weak spots in the enerys
ranks has instantly attacked at those points.
Dir. Fassett last night called attention to the
fact that Governor Hill is 80 soon in retreat.
The Governor-Senator is crying out that Mr..
Fassetts campaign is fought on State issues, and
the young Republican answers him that this is
a State campaign. Surely if ever candidate be-
gan winning canvass that man is j. Sloat Fas-
sett.
New-York tribune., 1891-09-25

Scandals multiply IN Canada. The Post
master General is now called to account for dis
honest practices in connection with public
contract, and rumors are ahoat affecting another
member of the Government. Where the dis
cl, sures will end, now that guilty men are
frightened and honest ones encouraged TO tell
what they know, is difficult to say, but already
far more than enough has come ont TO Justify
proceedings of a lively character for the ousting
of the Government if it persists in forcing upon
Parliament its whitewashing reports. 1t would
not be remarkable outcome OF the adoption
of such declarations if the movement for a
radical change Of government were suddenly