davidaulloa/AmericanStories huggingface dataset:
The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-09-15

ornamental woods The car stills of the
country are largely made of Georgia pine,
while the Crane house, and cottage OF
the poor and comfortable mansion of the
rich are alike made from the yellow pine
of Georgia. The forests are still APP
parently eXhaustless, and where they
have been decimated, a later care has
spared the young growth, and new forests
are springing up to enrich the coming
generation II is said that more money is
invested in pine manufacture and in va
rious industries connected with IL than in
any other industry of the State.
Two Of Georgia's great natural resources
should not be overlooked. They are her
climate and soil Nurtured by her pro-
ductive soil, and tempered by her sun, the
fruits of the state are proving to be
great source of wealth, rivaling her mines
and forests. Lands that were on the
market a few years ago for $40 an acre
are now yielding in peaches and grapes
profit Of 800 an acre. Millions of peach
trees and millions of grape vines have
been planted within the last ten years,
and fortunes have been made, and the
value of the lands has frequently ad-
vanced as much as 900 per centum. To
her soil and climate are due also the great
variety in our crops and farming re-
sources. We can raise with profit every
thing raised in the north, from horses
and Jerseys to clover and potatoes, and
we can raise dozens Of crops unknown in
the north and west. With our propitious
seasons we can ship peaches and straw
berries TO New York before the snow has
melted from the hills of New England.
If space allowed l could give the re-
markable results in fruit farming in the
state and the large amount of capital al
ready invested from the outside in this
business Strangers passing through our
state cannot believe these results possible
from the exhausted and worn appearance
Of the land.
Under the earlier system there was
great wealth in cotton, and other lines
were not investigated. Under our pres
ent system of labor no general changes
have been attempted, and there are no
general results to be reported.
Col George Scott says Georgia is the
best clover country he knows. The first
crop natures SO early it is not damaged
by the spring drouth. We are always
certain of a fair second crop, and in wet
seasons we can count on three good cut
tings.
Stock raising is rapidly becoming one
of the valuable resources Of our farms.
The next ten years will make astonishing
developments on this line. Recent expert
ments in cattle feeding have brought as
tOnishlng results IN the use OF COTTON SEED.
Years ago we did not consider
cotton seed worth the handling
for any purpose whatever. First
we found they were good for man
ure. Next we discovered they contained
a valuable commercial product in their
oil. This has been wonderfully remunera-
tive and has enriched largely those who
have handled the seed. Without destroy
ing either Of these valuable elements we
now ind we can get from the cotton seed
fine products in beef and mutton and still
preserve all the oil and most every article
Of fertilization Sir j. B. Lawes is an-
The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-09-15

tion. The real values are at least two
and a half to three times as much
In regard to manufacturers In 1882
Georgia had not more than $4,000, 600 in
vested in cotton mills. In 1892 her in
vestment IN cotton manufacturing is not
less than Sl2,000000, or an increase of 400
per cent To-day Georgia has more
money in spindles and looms than any
other southern state.
In iron manufactures, in 1882, she had
not more than half a million invested.
To-day she has not less than 81 900 900, or
an increase of 400 per centum.
Mining interests have increased in like
proportion, growing from about 100000
in 1892 to about So, 600. 900 in 1892
A gentleman from Wisconsin has just
invested 500, 600 in mining for gold in the
northeastern part of the state. n CAPT
talist thoroughly familiar with gold min
ing in the west has just assured me that
he knows no state with better prospects
for gold mining.
The manufacturing and mining inter
ests of the state may be set down as
showing an increase of from 300 to 400
per centum, or from II to l6 times as
great as the growth Of population in the
same period.
The increase in the commerce Of the
state may be judged from the develop
ment of trade at the sea ports. in Sa-
vannah the exports have increased more
than 80 per centum, and imports more
than 60 per centum; while at the smaller
port Of Brunswick, where the growth OF
traffic was naturally more rapid, the in
crease has been 300 per centum in five
years. or from Sl,100000 in 1885, to So
600 coo in 1890, the only period in which
figures may be given
The natural resources Of the state are
manifold and eXhaustless. The hills OF
Georgia are ribbed with iron and marble;
and this great natural wealth lies ready
at hand awaiting only the time when it
will be appropriated and used by man.
The Marietta and North Georgia railway
has its roadbed resting upon marble Of a
quality fit TO ornament the Pitt Palace
or the gallery Of the Louvre. Iron ores
are found in eXhaustless beds all over
the northern section Of the state. Exten-
sive coal fields are found in Northwest
Georgia COrundum and asbetOs in the
northeast; bulldog stone and slate in
vast abundance, fre-clay, bcauXite, and
a dozen other minerals and materials
used in trades and arts are TO be found IN
paying quantities. In the southern part
of the state are phOsphates and mari
for the manufacture of fertilizers. Gold
has been mined continuously in the
northern part of Georgia for 100 years,
and the national minis have coined mil
lious Of dollars from the mines Of the
state The gold mines are now being
successfully worked, and there is a vast
store of this most precious Of metals in
the soil Of the state.
From end TO end of the state stretch
valuable forests Of timber hickory, oak
aud pine. All her goods are valuable,
but the "yellow pine of her virgin for
ests is famous the world over. IL is used
for more purposes. perhaps, than any
timber in the world. The curled pine
found in occasional cuts of timber-is
one Of the most beautiful and durable Of
The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-09-15
which is usually a large one, amounted
to nothing.
EFFECTS OF SHORT CROPS.

which is usually large one, amounted
to nothing.
EFFECTS OF SHORT CROPS.
The shortness in the cotton crop has
also had great deal to do with decreas-
ing the transactions. The amount of
money handled by the Savannah banks
depends almost altogether on the cOndt-
ton of the lumber, cotton and naval
stores crops. The amount of naval stores
handled up to April was the largest ever
handled at any port in any one year.
Since then, however, there has been
somewhat of a decrease. There was a
natural decrease in the cotton crop over
that Of the previous year, and the dull
ness of the times cut the lumber trade
down enormously.
The wholesale and retail merchants,
however, form class who, while they are
more or less affected by hard times,
rarely vary in the amount of their bank
ing transactions. Their profits may be
smaller but the bulk of their business av-
erages about the same the year round.
This class, therefore, has had no apprecia-
bic effect upon the amount OF banking
transactions.
WENT THROUGH THE SEASON UNAIDED.
The banks have been compelled to pur-
sue a conservative policy during the
whole of the present year. The du1
times were anticipated and they OF all
others had to be prepared. Anticipating
a stringency, they were prepared and mad
all the reserve they needed. They did
not have to call upon New York for loans.
They had all the cash they needed to sup
ply the wants of their customers and the
necessity of issuing clearing house certlh-
Gates or any other substitute for their re
serve was Obviated.
The time when an individual check on
a Savannah bank has been repudlated
for any other reason than that the drawer
has no funds in the bank is yet to be
seen. Checks were always paid in cur
rency and all the banks here shipped
money to their correspondents IN the in
terror whenever a demand was made by q
correspondent who had a balance against
them.
NEVER HAD A BANK FAILURE.
Although the oldest city in the state
and one of the Oldest in the south, there
has never been a regular bank failure in
Savannah. Two or three banks were
closed up during the war, but so far as
outright failures are concerned, there has
never been one. and the banks are strong
er to-day. as the maintenance Of their
standing during the stringency shows,
than they have been before in years.
Savannah ranks seventh among the cities
of the southern states in the volume OF
banking business done. ms IS from the
showing made by the clearances and IL
NAV be that in the actual volume OF bust
ness done. she is still nearer the head,
In good years the banking business IS
nearly the same in volume tneyear round.
The general trade varies very little ana
the lumber and naval stores business is
very nearly as large in summer as IN WIN
ter. The main difference IN the business
of the seasons is in the difference IN the
cotton receipts. which amount to almost
nothing in the summer time.
RECEIPTS NOW LARGER THAN AT OTHER
PORTS.
A revival in the naval stores and luh-
The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-09-15
THE YEAR WITH THE BANKS.
By Pursuing a Conservative Policy
They TidGd Over the StTin6ency.

They Found it Unnecessary to Call for
AidDuring the Dull Season-Savan-
nah's Clearances Way Up In the Llst'
Short Crops Decreased the Volume
Of the Business, but a Better Outlook
Ahead-The People Did Not Need
Safety Oepositories.
With all the dullness of the past sea-
son, Savannah's banks have found very
little difficulty in meeting the demands
that were made upon them, and, COM
paratively speaking, the year has been
better with the Savannah banks than
with those of any other section of the
south
During the first part of the year bust
ness was undisturbed by any financial de-
preston and no setbacks were expert
enced. AS the year advanced, however,
the situation became worse and worse,
until during the summer just past the
financial stringency bordered on panic.
This, of course, cut heavily into the bust
ness of the banks here as well as else
where, and, together with other causes,
had its marked effect.
40 W Il CULu l)dIlSOuk WIN pAAo S-
ness done by the other banks of the south
cn cities the clearances of the Savannah
banks show for themselves, being for the
last eight months from January to Au-
gust 81, SIS, 51l ,O24 a slight increase over
what they were for the same time last
Year, while the aggregate for all the
clearing houses in the country exhibits
loss during that time of 4.3 per cent.
from what it was during the same time
last year.
EFFECTS OF THE DULL SEASON.
The effects of the dull season on the
savannah banks have been to greatly de-
Sftdse the volume of the transactions
pom IN number and amount. The banks
nave found 1t necessary to protect them
selves, and while they have been as lib
eIaI as 1t is possible for them to be under
sAe circumstances they have used every
eAlumate means of doing so.
a general conservative policy was pur-
o.eu by all the banks during the monetary
S.Ihgency, and in fact it has not yet been
lg-d&ed. They have made their loans
,,sIelully and have supplied money only to
,-eH customers for legitimate business
sL"hSaCuOns All speculative loans have
Zen declined and the money formerly
-."Agd on Central railroad bonds and
SOCKS has been cut out entirely. In fact
ilNet1 has been no demand for stocks or
bbolds during the dull season, and the
@sIA'cSS OF the brokers with the banks,
The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-09-15
A NEW CURE FOR ASTHMA.
lightning Cures Boy and Restores
His Breathing.

Willesbarre, Sept. S.-The severe
storm that swept over the Wyoming
valley yesterday performed a sort Of mira
Gle at Pond Hill in the house of Mrs. Sieg-
fritz She and her children. Mrs. Maybee
and two children and another neighbor
were gathered around the kitchen stove.
Lightning struck the house and descended
to the stove and thence to the floor, tear
ing new oilcloth to shreds and shocking
the inmates into insensibility. One Of the
children had shoe torn of and the feet
burned.
The most peculiar incident is that a son
of Mrs Mabee who had been under treat
ment for some time for asthma, and was
almost dead with it, gave no evidence
after the effect of the shock had passed
that he had ever known any ailment of
the sort His speech and breathing were
restored.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-07-28
U S. TROOPS ARE PREPARED.
And the State Militia Are
Under Arms, Ready
TO PROTECT BUSINESS HOUSES.
Mayor Issues a Proclamation
Against Crowds.
TRAMwAY CASHIER HELD UP

DENVER, Col, July 27.-The lynching
of the Italian Arrata last night has
shown the immense crowd of idle work.
men at present in Denver what can be
accomplished by violence. and there is
a dread in the minds of many citizens
that riot of enormous size. having for
It's purpose the loOting of the city, may
break out at any time. The thousands
of unemployed workmen already here
are being augmented daily by others
from throughout the state who are
gradually working their way to Denver
The county and city and numerous
charity organizations are doing their
best to feed and shelter the great army
of penniless people, but they are
incapable of meeting the demands.
The banks Of the city have
called upon the government troops
at Fort Logan, of which there are
700, to be ready to protect their institu-
tions i'll case of an outbreak. The banks
are United States repositories, and thus
have right to ask government prOtec-
tion. The unemployed members of the
state militia and the Chaffee light ar
tlllery are now under arms at the aru-
ory, awaiting developments. Mayor
Van Horn issued proclamation re-
questing all good citizens not to congre-
gate on the streets, as il may lead to an
outbreak. This afternoon large num-
Der Of idle men attempted to board
train at Fortieth street, but were re-
pulsed by the trainmeu. Every precau-
tiOn possible has been taken by the
different officials to prevent trouDie,
and they are hopeful of success.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-07-28
the floor, and the Irish became more

the floor, and the Irish became more
tranquil.
The new clause was adopted by vote
of 312 to 291.
The two other financial clauses were
carried without division. The post
ponement of the fifteenth and sixteenth
clauses was adopted by vote of 316 to
2S3. The motion that the first schedule
stand part of the bill was carried by
vote of $40 to 2T7. Tie second schedule
was carried by 200 to 273 amid loud op-
position cheers. The rest of the sched-
ules were adopted without noteworthy
incidents.
When the committee arose and Chair
man Mellor reported to Speaker Peel,
presiding over the house, the home
rule bill as amended in committee,
cheer after cheer was given and all hats
were waved for Mr.. Gladstone by the
Liberals and Irish, who were answered
by the UniOnistS with counter cheers.
The report stage was fixed for Aug. Z.
Adjourned.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-07-28
GOLD COMING,
Three Millions of the Yellow Buz-
zard Will Sail Saturday.

NEW YORK, July 27.-Several of the
banks here decided today to extend to
the large exchange houses whatever
aid may be necessary to facilitate the
importation of gold. Owing to the low
rates of exchange several large houses
considered it favorable time to pur-
chase gold, and to this end they ap-
preached the banks to ascertain if the
necessary accommodation would be eX-
tended. The banks replied that
every facility would be afforded them,
and on the strength of this nearly s3,-
100000 of gold was ordered for Satur-
days shipment from the other side. Of
this Lazard Freres import S1,OO0,00O,
j. IL W. Seligman s1,OOO,OO0, Van Hoff-
man ~ Co. 100000, and there are re-
ports of purchases which will bring
the total up to nearly S3,000,O0O for Sat
urday. The members of the clearing
house committee wish it stated that the
clearing house has nothing whatever to
do with this arrangement for importing,
it being matter solely between the
various banks and their customers.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-07-28
DELAY GRANTED.

Preparations for the Reopening OF
Lloyds' Bank Going Forward.
Special to the Globe
WASHINGTON, July 27.-The stock
holders of Lloyds' National Bank at
jamestown are evidently in dead earnest
in their efforts and determination to re-
sumo today. A telegram signed by
about one hundred shareholders and
depOsitorS was received by Comptroller
Eckels, requesting delay in the appoint
ment of a receiver, to afford time for re-
organization. The comptroller wired
back that the request would be granted.
and the extent of the delay will depend
upon the sincerity manifested in the
preparations for reopening. President
Lloyd is now in Pittsburg, and is ex-
pected here tomorrow.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-07-28
A DOUBLE DOSE.
Second application of Electricity
Necessary to Kill Man.

Second Application of Electricity
Necessary to Kill Man.
AUBURN, N. Y, July 27.-The execu-
tion of Taylor was not a success. The
foot rest of the chair broke and the
dynamo gave out, so that secoud cur
rent could not be applied. He was not
dead from the first contact, and soon
began breathing heavily. He was
placed on a cot and conveyed back to
his corridor, where he continued breath
ing and groaning, with pulse growing
stronger. Physicians say he was un-
conscious after the first contact of over
1,700 volts.
Morphine was administered. Wit
nesses were not permitted to leave the
prison.
Taylor was carried again to the chair
at l :55, and current from city cleo
trio light dynamo was passed through
his body. The second attempt proved
successful.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-07-28
PEOPLE WARNED.
Mayor Van Horn Issues a Proc
IamatiOD AGAINST PeOnIa Con

Mayor Van Horn Issues a Proc-
Iamation Against People Con-
gregating.
DENVER, Col, July 27.-The follow
ing proclamation was issued this after
noon:
"Mayor's Office, City of Denver, July
27.-All citizens of Denver who prize
the good name of our city and state are
earnestly requested at this time to re-
fraln from cOngregating on the streets
and elsewhere, and speakers are re-
quested to refrain from addressing all
assemblages of laboring men and 9TH
ers. The state, county and city are
dong everything possible to help the
needy. Let us have no unnecessary
excitement.
marion D. VAN HORN, Mayor"
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-07-28
IL. MINI. FRIDAY MORNING. JULY %, 1898.
reduced. Then followed a lively

reduced. Then followed a lively
scramble to cover.
The inquiry today for stocks in the
loan crowd was not so urgent, although
the leading issues still command a
premium for use. The falling off in the
demand reflects reduction IN the short
interest. New York Central and Bur-
lIngton & Quincy lent at 1-16(0k per
cent; Lackawanna, 1-32; Northwest, fiat
10 l-32; Lake Shore and Western Union.
l-64; Rock Island, fiat to 1-64 Erie, fiat to
l-l2S, and st. Paul and Louisville &
Nashville fiat. A financial writer this
afternoon digests the situation:
whether or not Wall street has now
passed through the crisis of its ordeal,
and whether or not permanent rally
Is at hand, the eyes of all careful OBJ
servers should be directed to
The General Future.
1t should not be forgotten that the Sc
curlty markets not merely reflect the
outlook, but anticipate. This was obvi-
ouSly true in the case of the May in
dustrial stock panic, and it would be
idle today to ignore the fact that the
more recent and severe collapse in Wall
street prices PROBABLY means continued
distress in other outside quarters later
on. That this distress will be critical,
that it will bring with it widespread
failures In the interior commercial
trade, is by no means necessary infer
ence. Reasoning by analogy, it ought
not to be thus characterized. Wall
street itself has not set that example.
The intrinsic soundness and long
conservatism of local banking houses
have thus far saved us, when such i'm
munity seemed impossible. from large
and serious suspensions. But these were
not the conditions of the banking trade
alone. The mercantile trade is quite as
sound, and in its recent record has been
quite as conservative as the great bank
ing concerns in New York city. Both
were braced long ago for a heavy
shrinkage in values and resources, and
for partial paralysis of trade demand.
While Wall street generally refrained
from buying and bidding up inflated
stocks, merchants reduced their supply
of goods and outstanding credits. The
result of this In its own department
Wall street has safely illustrated"
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-07-28
CIearine House Certificates

CHICAGO, July 27.-At the meeting of
the clearing house today letter was
received from number of merchants
urging that the clearing house asSOcia-
ton consider the propri ETY. of author
iZing the issue of clearing house
certificates for the purpose of paying
balances between members of the as
sociation to conform to the views and
methods of the Eastern cities. After
discussion, while a general feeling WAS
expressed that at the present time there
was no need for such facilities, it was
voted to authorize its clearing house
committee to issue them whenever in
their Judgment the occasion should
make it desirable.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-07-28
A DOSE OF CHLORAL.
A Rochester Man Takes His Medi-
cine and Dies.

ROCHESTER,, n. Y, July 81. DR..
George Fischer, who has resided in this
city since 1871, committed suicide last
night by drinking an ounce of hydrate
OF chloral. He left in his desk Ger
tifcate of his death filled out in his own
handwriting. A card lay near
the certificate on which was
written, George A. Fischer, born
at Hanover Jan. 27, AS, graduated from
Hanover LYceum. Volunteered '66 in
Hanover Horse guards--made officer
June 81, after the battle of Sangen-
saika. Served in the same capacity in
10. Came to the United States in '73.
Came down to be an American doctor;
died-according to certificate to be
found in desk. With kind regards,
Yankees q. Fischer, No. 81 Heaven,
Front Parlor.''
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-07-28

New YORK. July 27.-During the
morning hours of business at the stock
exchange the nervous tension was not
so pronounced as Yesterday. The
fact that the powerful Standard OH
interest had come into possession of the
Evansville & Terre Haute property re-
licved all apprehension from that quar-
ter, and the comparative firmneSS of
that stock in the market put money
lenders at ease. Another thing that
helped to restore confidence was the
decision of the governing committee OF
the stock exchange not to close the
board, as was suggested yesterday by
some of the operators who lost their
heads then. Probably the most i'm
portant developments of the morning.
however, were the engagement of
S1,000,000 gold in London by LaZard
Freres and the further drop in the
rates of sterling exchange. The heav-
mess of exchange encourages the hope
that the movement of gold from Europe
will assume large proportions in the
early future. A more stable money
market would be of great assistance to
intending importers, forit Is difficult to
calculate upon the results of shipment
with call loans at per cent per annum
one minute and Is per cent per diem
and interest the next. Still, foreign
houses are looking for large import
movement of the precious metal. Mon
ey at the stock exchange opened at IS
per cent per diem and interest, which
is equal to 513S per cent per annum.
Later there was a decline to 40 per
cent. 1t is idle to talk of a quotation
for time money and mercantile paper
as long as