davidaulloa/AmericanStories huggingface dataset:
Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-01-10
LIEUTENANT say cA5HlEREo.
Tho Governor Approves in MiuCated
Torn tho Sentence of Court Martial


Porn tho sentence Of Court-NartiuL
t.y..r,...r Nf,i,.,re,. ertsd Yesterday in
tf..t..,f. r.arti9l c4~a al .rst-Ilcutenaut
N.U.... Nj ~.ar pf VrD.p 4 ,Iltz Lee
u....,.. i,,.liur, The hi.t,rv az the
T..'. lr..t' tu.. Whrn Senator David
d. 4.. ,......l Irn,hInrg durlns the OK
l.,..'...,,.,I...t ..,ty.n October last bo vac
49,. A ,,,..,t'.,. G,Hr,,j, L,,
49,. 1870 In Non
... 49, ,,.,, 800. 1;vis,In ~
,.,....,.. 3D., 3D.. ,,,tt.r ~ ,o,.l,o,, an
,l......-..,,. s,'3 tt. ra,',o,u nj tLe troon
~ tl'..,.,... .I..,,ir.d =, ALLOW, ~ 10 mar
f.,ust, l,.ut.u.Ut SONY. however. ap-
s...,'l 80. 49,. Inc iu bi. uniform and for
... ava ,...r. ,tLrr cnar,rs he was tried
~, ....t manual Iirntr1aut. Colonel W
Et,. Mathews ~ 49,. r.,il,eut. was nrcsi-
don't and lfr-t. lleut,usut A. &. Atkinson.
fffI. ...trrf,iI Icon was ludge.sdvo-
r.,. of tt. r.uri Winch was hold ~
t4rtllur-.
lrr cHAEart
IN. cherr.s and sr.c,0,otops wore
Char.cI.- bisouel.once OF orders. Specitj-
cation. HAT Lieutenant Syuy did parade
tle public streets at the city lAuchhurgl
teualtut Troop G in violation of orders
PROMULGATED by bis captain, Nc. Charge
ILL uoMccrhke conduct Specification.
t.4t be- dId not only parade "a, aforesaid
tut DAD cudeayor 20 persuade ,Uudry nom
t.mut.l0ucd officers and pryate> ut said
troop z, loiu ~ sand parade ~ viola
ton e the captain's orders Charge
IlI. specification THAT while 40 sand
Isrsl. he was guilty of suulry acts
,f3,lance aud disrespect TO ms superior
officer. CAPTAIN Ingram, and made various
PROMISES ID members OF the troop that he
would stand between them and harm, dc.
Specialization That ne diG hold a bust
a,,s Meeting Of Troop q October Is, lsJ2.
Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-01-10
COURT srENoGRAPHERs.

In the Senate today only one important
bill was introduced. IT Is 10 provide court
stenographers for each Of the twelve
Judicial districts IN the state.
Resolutions were introduced urging
North Carolina senators and representa-
tives 10 secure the repeal of the 10 per
cent. tax on State banks and requesting
the coming President 20 call an extra ses-
sion of Congress.
The principal bills introduced were to
work public roads by taxation; 10 abolish
the Office of County superintendent Of
Public instruction; 10 prohibit county
commissioners from appointing ignorant
and incompetent persons as Judges OF cleo
ton.
Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-01-10
Richmond Arrivals la New York.

Especial tetegrn1n 70 TOE pispascn.l
NEW YORK, January e.-J. A. Ryan, Bruns'
wick: j. O. West and e. Davis, St1rtevant: IL.
Hirshberg, Imperial: W. Q. Truman, Astor; j.
j. bsnsau, W. scott, and W.Park, Fstth-Ayenue.
Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-01-10
TILE CorTnN MARKETS.

LIVERPOOL, January g.-Cottn-January AMI
February, . lO-6fd.: February aud March,
D 17-04d., also . l6-64l. March aud Apri.
> lS-04d., also 1864, also . lS-o4d.. Aprit
ana Nav, . HO-0td., also 2l-U4d., alao
2O-6Id. May and juno. > 22-G4i. Tenders,
3,40O bales on new docket and 200 bales ON oil
docketr
AZ. M-Jauuary, . il-0ln5 I5-0td.; Janu-
airy and February, = lt-6fa5 t5-0td. February
AMI March, i5-64d, buyers: harrn ami
April, iO-B4a5 1854. April and Nay,
lS-dlaJ lO-Oid.; May aud juno, > 2O-b4d,
buyers; june nnd July, 90 dtd; July Rui
August, 23-d4a5 24-dtd ; August and sep
temDsr, . 2d-Gid.. sellers. Futures closed quiet
but eteady.
NEW lORX. January 0.-Cotton quiet; up-
lands. l-l0c. Orleans, 10 .Lidc; salos, -
bales; total net receipts, oil ports, lS,oD
bales, exports TO Great Britain, 1870 ba.ee I;
20 France. 0,6i2Oales; ca tho Continent, v'o'
balcs: stock, I,OGi. lo7 bales.
Net receipts, 1902 baes; gross receipts,
4,3e2 bales. RutITes closed steady, sales,
13l, 800 bales; January, S9.OOaS0.U@i toUru-
airy, sg.7l; March. SO.SlasGS2; April, eco I;
May ~ 0asiO.0l June, SlO.0SaslO.0D; July,
10. 14aslO.16; August. $40. 17aslo.lH; sep
tombor, s0.06sSto; october, $40. IoaslO'fd
NORFOLK PEAEUTMAREEE
tReportei Tor tuo Dispatch.
JANUARY 0.--Markot auict. Tho receipts
from !hs country are Improving, a. ths hO1leYs
aO oyor. Prime, 2lpc., extra primo, Ht4c ;
fancy, 2isa3c. factory hand-pcked, 3ailc.
NAYAL~sTORE MARKETS.
WHMINGroN, n. C., January 0.-furpentne
firm 90 27Ac Roein dull; strained. 81 gooi
strained, Sos. Tar nrn at SLID. crude
turpontne steady; hard, 81; youoT'dip aud
virgin, sL5O-
sAvANNAn, Ga, January 9.-Turpentine nru
at 100. Bosln hrm az slOI 70 sLl21s
Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-01-10
NEW YORK STOCK MARKET

NEW YORK, January 9.-The stock market
to-day was unusually active and very irregular,
owing to attempted bull manipulation OF the In
dustrials, discussion Of the gold shipments, and
the prospects OF a repeal ~ tho sherman law AZ
this session OF Congress. Sterling exchange WAS
not higher. but while tue demand was not exces-
sivc. commercial bills are reported becoming
scarcer and scarcer. and the prospects OF other
shipments is looked upon rs good. There is no
ship likely 70 take any OF the precious metal be-
fore Saturday, aud estimates OF the probable
outgo have not yet been made.
READING rHB FEATURE
The feature OF the day was naturally Reading,
and ts transactions again amounted tO very
large figures, but This was largely due to selling,
chicAy by tho speculative element aud disap-
p0lntmcnt az the showing OF the statement IA
sued. Tho statement showed that the interest
on income bonds had been barely earned, and
that under what the street regards tho most
favorable conditions; and now with the issue OF
bonds coming ahead Of tho stock the pros
poets Of dividend are not fattcriDg. Tho
announcement that tho Jersey Central
was ready 20 withdraw from tho COM
biultiOn of the coal roads was regarded IN many
quarters as tue beginning Of the end o. tho
deal Reading was heavily soldin the afternoon.
after the statement became public, aud its price
was driven down from ST., 10 49St. A partial
recovery 10 % occurred, but Gt that ngure it
WIS Lett IA per cent lower than on saturday.
With this dorlino the market sgmpathi1e1 20 =
limited extent, but ~ q rule prices were higher.
Among mo particularly strong stocks Of the day
we're Burlington and Rock leland.
PEDESTRIANS AND GRANgEES.
Tho atrcDg features OF the forenoon wore tho
! Industrial stocks, and s. v White was a large
buyer II Sugar and nistIllers. The bullish talk
on tho former Was reiterated with considerable
effect. tho stock rising 20 llStS. tbOugh selling
! back under the influence Of the decline In Read
| ing pistillcrs, however, WAS stu pressed Tor
| sale. but the professional operators failOd %
/ sore pdvances which its kindred stOrks enjoyed.
/ Notwithstanding the woakness n kOadlng,
! Lackawanna ral,ied from Hs latc depression
! and clOsel 10 por cent. higher The Grangers.
including Atchlaon, were unusually PROMINENT
in the dealings. AMI all showed strength. but The
/ uthor groups developed no feature q interest,"
| auJ eyeu the lOw-puced shares, While strong
with tho general list, developed no special foa-
| turc. Tho declaration ~ u cash DIVIDEND VI
per cent. on Louisville and Nashville had no ap-
parent influence on the list or 10 the road stock.
/ Sa ~ aggregated 10000 shares.
| Treasury haances: Coin, $50. 10000 ;
| currency, Sj,2HS,OOO.
! HONEY AND EXCHANGE.
| Money on call easy, ranging ffOu TO 81 (;
| closing offered at /. Priae mercantile paper,
I 5lgaG
| Sterling exchange quiet and easier. Posted
rates, si.S6lgaS4SSjS. Commercial bills.
| $4.Sjae4.S7.
| Government bonds dull AMI eas'er. Southern
| 3 aie bonds duu but nrm. RAILROAD bOuds fairly
| arLlv. and lrm.
Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-01-10
THE MURDER OF YOUNG HARRIS.
Mr.. Robertson Thinks lie Has a Clue
Other Manchester News.

Other Manchester News.
Justice George Z. Robertson, of Chester,
thinks he has clue that NAV yet lead to
the arrest of the murderer of stephen
Harris and clear up the mystery that has
thus far surrounded the tragedy.
The story OF the killing OF young liar-
ris near Temple Station, IN Chesterfield
county, last August il fresh III the minds
OF the DISPATCH readers. The poor fellow
was found in a ravIne by q negro woman,
who was attracted 10 the spot 10y the death
croans Of the unfortunate. She gave the
alarm, and Mr.. Blankinship, "a section
master on the Richmond and Peters
burg railroad, was the first man to
visit the scene Of the tragedy. The
stranger was dead when he reached him.
but the body was still warm. The body
was in Aalt-nude condition. and a terri
BILE wound over the temple clearly told the
cause of death. Justice Robertson was
notified and cor0ner's jury pronounced
il murder. The evidence showed that 10
was deed most dastardly, and robbery
was evidently the motive. The dead man
was an uttor stranger in the community,
but was Identified, after many weeks. as
Stephen Harris, of brooklyn.
Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-01-10

The safest pueans OF. gettipg rid of bad
cough Is DR.. Bull's cous Syrup.
Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-01-10

Fl WASHINGTON. ID. c., January o.
lcNnW Forecast for twenty.four hours
'"'" from midnight TO midnight-For
Virginia; Fair weather, except
snow Tuesday morning in northern por-
ton; colder; cold wave by Wednesday
morning; northwesterly winds.
For North Carolina: Fair weather /;
colder: westerly winds.
Weather conditions: A storm of marked
strength has advanced from Lake Superior
10 Eastern Ontario, attended by westerly
gales and heavy snow over the middle and
eastern Lake regions and the middle and
upper Ohio Valley. Snow has also fallen
generally throughout the Middle Atlantic
and New England States.
An area OF high barometer has moved
eastward over the Saskatchewan Valley,
attended by a fall in temperature of 20 20
IS degrees, from the Missouri Valley %
] axe Superior. In the Red River OF the
North Valley and thence along the northern
shore Of Lake Superior the temperature Is
Is degrees below zero.
Generally fair and colder weather y IN
dicated tor the Lake regions and the ONO
and middle Mississippi Valley.
In the Middle Atlantic and New England
States the weather viii be clearing. with a
cold wave
Prom the Mississippi river To the Rocky
Mountains the temperature will rise.
Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-01-10
HIS LIFE Is SPARED.
GOV. HOLT COMPUTES ANOTHER
CRIMINALS DEATH SENTENCE.
Delegates AppoiHted to the Road Con-
Eress-s5eeting Of she Electoral Col
Iege--LegisIaeive Proceedings
lspecInl telsrran % the pt.pa.ch.l

RALEIGH, N. c. January Ex-Governor
Holt to-day committed to life imprison-
ment the death-sentence Of William Nc
Kinnon, Of Robson county, who was SEN
fenced 10 be hanged at Lumberton. He was
last spring convicted of murder, appealed.
and the Supreme Court affirmed Judgment.
Governor Holt gives these reasons for COM
mutation: There was no malice in this
case. The Judge says 1t was technical
murder, and that the prisoner ought not
to be hanged. and earnestly recommends
Communication. The Solicitor end jury are
also very emphatic in their appeal for Ike
ecutIve clemency.
In compliance with Governor Hollis re-
quest the Worlds-Fair authorities have
named August 18th as North Carolina day.
ROAD DELEGATES.
The Governor to-day appointed the fol
lowing delegates at large 10 the state Road
Congress here August 18th; r. W. Nhar-
ton. J. B. Stokes. w. X. Capehart, W. L..
Kennedy. j. I. Oliver, b. 81. Collins. A. b.
Williams. s. o. Middleton, William Dunn,
w. s. Cook. Wharton J. Green, Ashley
Horne, K. G.. Dunn. W. +. Green, Richard
III. Battle. ". s. Primrose. John Robinson,
A. q. Holiday, W. II. :. Burgwyn, u: A.
Coggeshall. ID. w. G. Benbow, X. T.. Nc
Anally. Thomas IL. Street. j. 4. 1Ockhart,
G. +. Payne, w. T.. Audrey, J. Nj. Harrison,
w. NJ. Robbins, Augustus bebZar, J. ~.
Murphy, &. III. EImsOn, J.. i. Kelsey, II.
T.. Friea. Richmond Person, hape Elias,
and Charles McNamae
Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-01-10
RECTOR My YFARs.

Rev. John j. Clopton has just completed
his ninth year "a rector of Meade-Memorial
Episcopal church. During the past year
there were 29O services and the pastor
paid 522 visits. There were Is admissions
by confirmation aud by transfer-total,
%. The diminutiOns were: by death. z;
by transfer, 5-total, II. When MIR. Clop-
ton assumed charge there were LOG CON-
municants. Now the mem bership num-
bers l64. During his pastorate 109 new
members have been confirmed. Two mis-
sion schools have been estabhshed-l OF
Swansboro, with teachers and 90
scholars, and the Hope chapel (colored),
with teachers and 40 scholars. The
church is in II growing condition, and
during Mr.. Clopton's long rectorship be
has succeeded in endearing himself not
only 10 his own flock, but has gained the
confidence and high esteem OF the CON-
Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-01-10

TIE WEATHER IN RICHMOND YESTERDAY
was cloudy throughout the day, with a
light fall of snow at night The skies were
clear at midnight.
Range Of the thermometer at the front.
dor ~ thu D1sn rcu nfiicn yastnrlnY
Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-01-10
MARINE INTELLIGENCE.
FoRTOF RICHMOND, JANUARY u $685.
ARRIvED.

steamship Old Dominion. C0ech, Nss .V'
merchandise and passengers; ue0Iso W. N''N
q CO., agents.
PORT OF NEWPORT NEWS, Jas. o, lssa
10y telegraph
AEKIYED.
s,enmship Navigation, santiago 10 Cuba
steamshio Nartca, New Orleans
sreamshiD Iiypatia. New orleans.
schooner Lucinda sutton, Proyidsnca'
sehooner ). \. Randall, Men fOth'
SAILED.
steamsnip Hypatls, LeiIh, sco'ishd.
Steamship AAKies. Bremen' ~
staamshtf, Navigation, Phuadeipni1'
steamship Giend0ser. 0alVessoA'
PORT OF WEST POINT, JiSriRTs, 1893.
lBy telsgrsohl
AsRIvED.
Steamship Goldsboro, Siekefsoa' fhiisdss
mia gta Norfolk, general Cargo
steatnship Fairfax. March, bsi'imofo' po<sen-
gers and general cargo. ..,...
ss,eamship Dauyilie, Bennett, baiatnofs' pas
sensers and general cargo -
STEAMSHIP Guy Of Atlanta. Doe No" tos<s
general cargo.
Steamship Goidsboro'. AicksrsH, fhiiadei-
mia 90 Norfolk, general esrTa
FsrAanship Fairfax, March. Bosom e'a Sosfoix,
passengers aud general cargo
steamship CITY Of Atlanta, Dole, New tofk go
Nssport Nsvs aud Norfolk, rencfAi esre~
stsamshi2 Danvtils, bcnns,ss bais1iaore pAs-
scngers and gsnsrsi cargo
Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-01-10

of Edward Murphy. Jr., tor United States
Senator. The electoral college was then
reconvenod. and the thiTty-six electoral
votes were cast for Cleveland and Steven
son.
HARRISON AND CLEVELAND
CoIr,BUs. o.. January 9.--Twenty-two
member. Of the Ohio electoral college To-
day voted for Ben lamIn Harrison for Presi-
dent and ore member for Grover Clevc-
land. The highest vote cast by tho respec-
tive parties at the presidential election IN
November. was: Republican, f05. SO7 De-
mOcratlc. 40l,115; Prohibition. W,Ui2
PEOPLES party, IA, $50. Lorenzo Dantorth,
chairman Of tho meeting to-day, received
tho highest Republican vote at tho NO
vember election. and james +. Seward, OF
Mansfield. who was Ut the head OF the De
mocratic ticket, the highest cast by his
party. Tho vote was by Australian balot;
Seward is the first Democratic presidential
elector IN Ono since 1872. lie received
complimentary consideration from al
sides and bore his honors becomlngiy.
TIE PALMETTO STATE.
COIuHniA, s. c.. January g.-The presi-
DENTAL electors OF South Carolina met To-
day and cast their nine votes Tor Cleveland
and Stevenson. Colonel I. Larry Cant.
editor Of the Columbia Daily REGISTER was
OltCLtQ MESSENGER
WEAVER AND FIELD.
TorESA. KAN, January 1.-The ten
Weaver and Field presidential electors
who cast their votes to-day were elected
bv q plurality of 1874 over ;he Harrison
electors. The popular vote for Weaver
and Field was 1853. iii; for Harrison and
Reid, 157, 237, and the thlrd-party Prohibi-
ton candidates. 1883. There were no
Cleveland and Stevenson electors noml-
rated, the Democrats voting for Weaver
and Field.
no SPECIAL INCIDENT.
WASHINGTON. January 9.-The presiden-
tiaI electors met to-day in all the States
and discharged their duty e. required by
law without special incident 30 far az
heard from. Nevada's ballots were solid
silver cards. 2xg inches on which We're en-
graycd the names of Weaver and Reid.
For the first time Democratic presiden-
tial candidate received an electoral vote IN
Michigan. that State casting five ballots
for Cleveland. lllinois's solid vote for
Cleveland was the first cast there for a
Democratic President IN nearly forty years.
Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-01-10

nooK AND JOB WORK NEATLY
ID EHSCgTEDAx TIE oissAzcx aia
Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-01-10

We've deliberately thrown GU. Of tho regu lar
SIS, sl65O, slj, and 1880 grades hundreds
aud hundreds Of tho best SUITS and OVER
COATS-We know tho price will pin your alton
ton right down-You can take your choice Of
any in the lot for
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-07-11

the status OF stlver in India has been a
source or solicitude to the British and
Indian governments for many years
past. 1t has been repeatedly discussed
in Parliament and been the subject of
many reports. The recent action was
based on the report of a parliamentary
commission appointed several years ago.
Although the members of the commits
sion differed on some points they were
unanimous in recommending the cessa-
ton of silver coinage. There is evil
dence throughout the commercial world
OF a conflict between monometallism
and b~imetallism, but this does not prove
a conspiracy On one side more han the
other. 1t is an honest conflict between
opposing ideas and policies which every
body is interested in having settled on
right principles. Suppose we drop the
ak about a conspiracy.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-07-11
SACAZA IN CALIFORNIA.
The Constitutional President of Nicaragua on
His Way to the Worlds Fair

SAN DIEGO. CAL. July 10.-Among the
passengers arriving at this port by tho Pa
ciiie Mail steamer Colon was Roberto Sa-
GAIA. of Nicaragua, who. in company with
his wife and two sons. IL en- route TO Chi
csgo, Washington and New York. The
party embarked at COrinto. the steamer
Colon being the first to visit shat port since
the revolutionary disturbances commenced
in that city. SacaZa says his present visit
to the United States is for recreation and
instruction merely. and that. with his fam
lily, he intends to spend some time at the
worlds fair. lie attributes the revolution
TO strong jealousy existing between the
cities of Leon and Granada. He gives great
credit to Minister Baker, of the United
States. who. he says. was the one who
finally succeeded in bringing the rival
factions together near Granada, where a
provisional treaty was made. AZ to the
terms of the treaty. he says positively that
his withdrawal from the presidency was
not demanded. II am still constitutional
President of Nicaragua" said he. and
have Left the chair only for the time oocu-
pied by this visit. which will consume
about tive months. During my absence
my trusted friend. Senator Machado. will
act in my place. 1t has been agreed TO hold
q convention within four months TO reviss
the Constitution. The matter will be SET
tied. therefore, before / return home" +
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-07-11
FIGHT WITH CONVICTS.
Seventy-F Five Try to Escape from the lonia
(Mich.) Prison-0ne Killed and Four Hurt.

IONA, Mich, July 10.-Fully seventy
five convicts at the House of Correction
made q break for liberty at 9:30 o'clock
this morning. The ringleader was convict
William Smith, known as No. 703. q five
year man sent up from Detroit. Smith has
lost time before. having made an attempt
to escape u year ago last September, and
he is a tough character. The convicts were
ct work when Smith gave the cue. and they
all rushed for a couple of ladders standing
by the west wall. Warden Parcell had dis
covered that something WAS brewing over
Sunday and had the guard doubled.
Teacher GOurley was watching around In
the vicinity. and when he saw Smith and
the gang come out he fired q shot from his
revolver into the ground and ordered
them back. Smith urged the copvicts on,
paying no attention To the order. The men
on the wall aud about the yard quickly
Assem- bled at this point and were ordered
by Warden Parcell to stop the break. A
general fusillade commenced and q hand
to hand tight followed. The ladders were
knocked down but the convIcts replaced
them. and Oscar Miller. an eight-year man,
gained the top of the wall. The guard shot
at him and the ball went clear through bis
body. He dropped TO the ground dead. In
the meantime u terrible battle was going
on below. Convict Smith struck at Deputy
Warden W with hammer,
u tuo 16bttI dOuRou IL Gc-
capped death. Rowley struck convict
Charles +. Jones on the head and he
dropped. He will doubtless die, as his
head is terribly cut. William Eager. sent
from Grand Rapids, was badly wounded
and his recovery is doubtful. He is serv-
ing q tfteon-year sentence for man.
slaughter. Smith, another convict. brought
into play q long billy made out of sheep
skin loaded with sand. This, with three
hammers, n large wrench and a round
stone were after wards taken from the
leaders in the break. How they got them
is a mystery. Teacher GOurley was
struck on the head with . stone.
1t Rrazed his skull, but did not seriously
inJure him. 1t was only by prompt action
that the wholesale liberation of the oOn-
victs was averted. Hall Master Purcell
grabbed up the hoB irons used by soms To-
cal timers and commenced prodding the
c0nvicts. who ran back. They were ct
once locked in their cells. Four conviots
were injured. Jones has cOncussion OF tho
brain. AS the result OF o blow on his head,
and Smith. the leader. was found to have q
bad cut on the back OF his head.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-07-11
THE NEW YORK n

In the course of a street car discussion
of the financial situation yesterday a
gentleman of this city denounced the
New York banks for having, as he said,
shipped millions of dollars in gold out
of the country and deposited it in for
eign banks. When the correctness of
the statement was questioned the gen.
clared that the New York banks had
been Issuing clearinghouse certificates
against their gold balances abroad"
The gentleman represents a large class
who make 1T a cardinal point of their
financial views to misrepresent the
motives and condemn the acts of New
York banks and bankers without much
reference TO reason or facts. The fore
going statement is a sample of he kind
which misinfOrmation and prejudice
lead people into making. The gentle
man referred to actually thought that
the New York banks had been shipping
gold out of the country in order TO ag-
grayate the financial crisis and embar-
rass the government, and in support OF
this view made the astounding state
ment that they had been issuing clear
ing-house certificates based on their
gold deposits abroad.
That which the New York banks have
been doing. and which the gentleman
got so tangled in his mind was this: On
the Goth of June. when the stringency
of the money market was very distress
ing. several of the clearinghouse banks
in New York made an agreement with
the association. To take clearinghouse
loan certificates instead of tho cash bal
ances due them, thus practically releas-
ing that much currency by enabling
them To lend large sums of money with
out trenching upon the cash in their
vaults. The object of this arrangement
was TO relieve the local money market