The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-09-20
CAPITAL GOSSIP.
Mr.. Cleveland Cannot Attend the Fair
on Chicago Day.

Washington, Sept l9-President
Cleveland notified the worlds fair board
of managers that in view of the pressure
of official business it will be impossible
for him to visit the worlds fair on Chi
cago Day, Oct. 10.
National banks that increased their
circulation during the recent financial
strlngenCy are now beginning to retire tn g
circulation taken out during that period
in excess of their normal circulation.
From May l to the present time the
national banks took out $50 900, 900 in cir
culation, based on government bonds, or
at the rate about Sc 900, 900 month. The
total national bank circulation is now in
round figures, 100000, 600. BY the
law of 1889 national bank
notes cannot be retired in excess of So
600, 600 a month"; 50 that, if the banks re-
tired all the 500 900, 600 taken ont during
the last few months, the contraction Of
the volume of the currency would be
gradual, extending over year. Much of
the extra circulation was taken out by
New York banks, and it is a New York
bank that first retires its extra circula-
tion, the amount being $4,000.
The President to-day nominated VIM.
b. Hornblower, Of New York, to be asso-
ciated justice of the supreme court of the
United States, vice Judge Blatchford,
deceased, and Jas. Van Allen, of Rhode
Island, TO be ambassador extraordinary
and plenipotentiary to Italy
Judge Hornblower is q prominent New
York lawyer, who has for many years
had large practice before the supreme
court Of which he viii soon become a
member.
Senator Mcpherson, who knows him
personally, says he is q man of strong
mind and of great judicial attainments
with natural aptitude for constitutional
subjects. He comes of a family of jurists,
his father having been the late
chief justice Of New Jersey,
while his grandfather was a leading
practitioner at the bars of his day Mr.
HOrnblower was for a number of years
the law partner of Ex-Gov Chamber
lain of South Carolina, and is a relative
by marriage of the late Justice Bradley,
who married a Miss Hornblower. In
stature Mr.. HOrnblower is small re-
minding one very much of the present
chief justice of the supreme court. He is
a trustee of the New York Life Insurance
Company, Of which VIM Il. Grace is
director
SENATOR HILL NOT PLEASED.
1t is evident that heappointment Of
Mr. Honblower will not be received with
pleasure by all the politicians of New
clined to discuss the nominee, but simply
said that the democrats of New York
would be disappointed. 'The democrats
of New York" said the senator, pre-
felred the nomination of Judge Rufus W.
Peckham Of the present cOurtof appeals. -
No one will say, however, that so far as
the qualifications of Mr. HOrnblower are
concerned, it is not strong appointment.
MIR. VAN ALLEN.
Mr. Van Allen is one of the connections
OF the New York Astors, being q son-in-
law of William B. Astor and the possessor
of great wealth by inheritance, which
will enable him to maintain the costly
office of ambassador to Italy with becom-
ing state. He is about 40years of age and
credited with Rhode Island citizenship
through his possession of princely estab-
lishment at Newport, where part of his
time is spent, although he Is most as well
known in European capitals as in Rhode
Island