davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-05-06
THE 1TSTRJIIIN BINE F1IITRES

The cause Of the appalling financial disasters
in Australia may accurately be expressed in IA
single word Initiation. II has not, however,
been an imitation Of the currency, but of the
banks themselves and their business I'm
the last dozen years the number of banks and
their branches has, in spirit Of reckless
rivalry, been increased far beyond the re-
qlircmcnis Of legitimate business There are
more than ZOO Of these institutions, where
700 would be ample. In many "A hamlet where
one, properly conducted, would not be over
burdcncd with business, three or four are To
be found, struggling IN desperate competition
with each other. and rcSolting in their rivalry
to business methods of the most unsafe and
unSound description. They are cAtrayagantly
managed too if not dishonesty, 50 that the
cost of administration ab>oib> much OF
the gross profits. The percentage Of losses is
also far too large, and the balance remaining
is accordingly much less than judicou, iinin-
cier would consider IA commensurate return on
the capital invested for the risks involved.
This mushroom growth Of banks has in turn
enormously inflated the volume of banking
business: and since the latter has increased at
4 rate far in excess OF that of the indusri1
and commercial growth of the country, the con
cl,i>on is unavoidable that much of il is of an
unwhOlcsomc character. From 1850 10 1891
the trade of the colonies with other countries
increased from Sl53 ,75OO0O TO S22O.OOO.-
900, or about 43 per cent. But in the same
time the bank advances increased from $500
600, 900 to sos, 900, 900, or about Ii3 pcr
cent. This striking disproporton is further
emphasized by the fact that while in 1850 the
banks of Australia conducted their businrs,
without borrowing from England, last ycar
their loans in the latter country amounted TO
no | IS than $4,000, 600. They have liter
ally been borrowing amounts great and small
wherever they could, all over Great Britain
and the Continent.
This money has been loaned by the banks
in Australia 4 great deal of it has been leeiti
Inately placed But there is no doubt that cnor
nous sums have been placed at dates much
longer than sound practice sanctions or ON
securities from which realization in the near
future would be impossible. The natural re-
suit is indicated in Melbourne dispatch OF
this week: In nearly every case where an
| Australian bank has failed within the last two
| years the trouble has been attributed to the
withdrawal OF deposits" OF course, if there
| were demand for return OF deposits which
had been loaned on long time or on unreaizable
sccurlii's. embarrassment was inevitable Such
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-05-06

the firing Is N she air and nobody Is hlft.
Government may be overthrow or rebellion
may b. Suppr, ed. bit the mortality IN ei'hcr
case is light.
Central America does not suffer 80 much from
civil war ~ il does from political campaigning
The leaders of the opposition camp, not nav
ing control Of the galriSonS are compelled 10
demonstrate their popularity and prestige by
heldlng an in>urrecion now and then. II they
neglected t. do this they would be accounted
"back numbers" and would be out OF poll
ties" Most Of these civil wars. against which
mor,lis., inveieh as evidences of the instability
Of Spanish -Amcrlran institutions, are as harm
less as the torchlIght lalad"N ana business
men, procession, in an American Presidential
canvass, Zavala. for example, is represented
in the dispatches as capturing town ana head
ing Il rebellion. Perhaps it would be more ac-
curate to describe him as having started Il
presidential BOOM
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-05-06
CmuscmcnIs.


ACADEMY OF MUSlC-2-S 1o-lhe Black CROOK
BIJOU THEATRES IA Texas steer
BROADWAY THEATRE-2-S-PaEJandrum
CASINO-2-S :15-Ad0nis.
COLUMBUS THEATRE-2-S-The Operator.
DALYS THEATRE s. Inc Rose.
EMPIRE THEATRES l5-The Gin Left Behino
Me-
FIFTH AVENUE THEATRE 15-s I3-shc S'oop' "
Conquer.
GARDEN THEATRES 1.-THE Poet and fuppet''
GRAND OPERA not SE-9-S-The Sportsman
GRAND CENTRAL PhLACf-rfts> cub fair
HAKRIGANS NEUTRALITY-SUSPICIOUS. ana the fo"'
Hundred.
HARLEM OPERA HOvSI-2-S ia Paflor Mat'h.
HOYT'S MADISON SQUARE THEA lHE-2 30 "o-A
Trip 10 chinatown.
ROSTER 6 BIALS-g 3o-S-NICccyile.
LYCEUM THEATRE 5 3o-The Gnarjshah'
MADISON SQUARE ,.A1DItN-tlow"r SHOW
MANHATTAN OPERA NOT Sl.-2-s-Ihe Ihfee "u'ids'
MUSIC Halls IA 1up to the Moon.
NATlONAL ACADEMY or DLSIGN-CafAe and Dodge
Pine PlctuiCs.
PAIMER'S EATRf-@-S '"O-Two GA Toys.
POLO GROU NDS-i-Ia.ehali.
STAR THEATRES ia Mad Ia gam.
UNION SQUARE THEATl;E-2-s-Ben NV Chrcc
I3TH STREET TuEATRE-@-S-Thc IRISH Statesman
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-05-06
PETOLUIIONS ~ THE TROPICS.

The revolution In Nicaragua Is one OF Il long
series c.f political manocuvrcs bctween1hc rival
cities Granada and Leon. President Sacaza
represents the Leon group Of politicians. His
election was contested on constitutional grounds
by the Granada cabal, and his Administration
has been opposed from the same quarter at al
most every turn. lie has made war upon his
enemies, and on one occasion arrested the lead
elS of the Granada group and ordered their
expulsion from the national territories. EX-
Pre- Sident Zayala has now headed an in>urlec-
ton against him and taken possession of
Granada after cxpelling the Government gar
rsOn. battle is said to be impending be-
tween the rebels and President Sacazas troops
which are concentrated thirty three miles away
at Managua, the capital.
The feud between Leon and Granada is an
old one. Walker. the iilibuster, appeared in
Nicaragua as the ally Of one faction and made
war upon The other. His tactics were those Of
Cories, who conquered Mexico by dividing the
native tribes and ilingng one against another.
The feuds have continued from Walkers day
with unabated rancOr. Granada and Leon, one
the oldest and the other the largest city, have
aspred to govern the country, and each has
resented the ambition of the other Managna
was made the capital because it was impossible
TO reconcile the claims Of the two cities ii
the Granada caba succeeds in elecing a Prcsi-
dent there are secret conspiracies and menaces
of revolt from Leon. II Leon governs the
country, a. it has done under the present Ad-
mini>tration Granada is disalrected and ready
at any time for civil war.
These military revolutions while formidable
in the press dispatches, are buresque perform
ances. The police force of this town could not
only suppress the present revolt in Granada,
but drive the regular army from the field
There are in the barracks of the four chief
towns of the western plateau not over 100
troops in ordinary service. They are mainly
boys and haIf-bIcedS, undisciplined, poorly
aimed and without efficiency as soldiers. A
revolution in Nicaragua involves, as it doe,
elsewhere in Central America, the enlistment
Of few hundreds of equally absurd warriors
for bloOdless campaign against the Govern
ment. The armies are marshaled with much
noise and excitement, but they seldom meet in
! the field and when they are brought together
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-05-06
TWELVE PAGES.
THE NETS THIS MORNING.

Foreicn-It il expected that the division OH
tbe German Army bill will BE- taken on MONDAY
the Government is apparently gaining strength
hut Nle result is still in doubt 49, MIR. 'oui'rt
continued his argument before the Benring >ea
Tribunal. - The House Of Commons voted
10 transfer the power of appointing lrl-h masi'-
trates from the Lords 10 the Lord-l.entenahtS
Of Ireland 80 The rebellion in Cuba Is sail
TO be entirely suppressed.
Domestic.-The President has decided TO post
none the rcasscmbling of the International None
tary Conference until November. -- Bad
weather diminishes the attendance at the World :
Fair. - The naval officers OH their way To
Chicago in the Animals Train" stopped to see
Niagara Falls. - Governor Flower vetoed
thirteen of the bills lest in his hands by In" Leg
islature. ----= Admiral Hopkins warmly praised
the gun foundry at Washington.
City and Suburban.--Ihe stock market was
saved from wild panic by Dreyel-Morgan and
Vanderbilt interests; ;. V. White suspended, ana
there were wild scenes on the Stock Exchange
other Wall Street men could not meet their
obligations. - Tie Manhattan Elevated road
rejected the proposition of the Rapid Transit
Commission. - The old list Regiment Armory
,yos wrac,ad nv flames - Yale alumni elected
officers. - Mrs Korn killed on of her children,
wounded another and tried to end her own life
- Industrial and special stocks tuc'ua'ei
wildly, and early declines in Sugar Refining ami
General Electric were about % per cent. Ihc'e
were the only stocks which did not fully recover
their losses, and the closing was strong ana con-
fdent Money on call ruled AZ about - per
cent, with exceptional transactions at 3Oalo per
cent.
The Wcather-Forecast for to-day: Fair pre-
coded by showers in the early morning. Tempeia
ture yesterday: Highest, &c degrees; lowest, As
average, SO SIS.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-05-06
PERSONAL.

Dr. Henry Newell Martin. professor Of biology In
Johns Hopkins University. who some time age resigned
because Of Ill health has been director Of the BIO
logical department since the opening OF the UNI
vcrslty, in 1876. lie was born Mt Newry, Ireland
July !, Ieis. was educated at University College
London. aud Christ College, Cambridge, and before
going 10 baltimore held IA fellowship and u lecture
ship on natural history at Cambridge, where he was
closely associated with Huxley. lie Is a member OF
MANY scientific Socicc, In this country and fellow
Of the ROYAL society of London. which body honor'd
him I'm 49,, bv app.ntimg him Crooni,a lecturer
with several Of IN, advanced students Dr. Martin has
The result, Of nearly all Of these have been pub
lishrd In studies from the biological labornory.
editor of the English journal of Physiology and
the an,hor Of several textbooks. DR.. Martin was
assisted In much ~ bis literary labor by his wiie'
Mr.. ll,ty Cary Martin, who died last september.
The nephew OF Lord Bcaconsil"d has just come
into possession Of Iluehrndcn manor ana the facts
recall an Incident OF the English Staesman's resi-
dcnc, there. lie day walling Oh the terrace
I'm the easy coat and old souch hat which he affected
I'm the country, when two women Of strong Glad
stonnn opinions entered the gate. snpposng him TO
be- Keeper or gardener or something OF tnat sort
they inquired II he would show them over The place.
which hc AZ once undertook 10 do. While they were
walking about they ov"lwh"lm'd him with questions
Of them finally said ." Do You think yOu could
manage get Ms sight Of ne old beast himself -
Madam" said Lord BcaconSicld. 81 the old beast has
the honor 10 walt upon You now
several anecdotes are told OF VI. Adolphc FrInck.
the amablc philosopher who has just died AT ripe
old age. While he AT the College Of Dorai some
body asked the chaplain vino the best Christian
he had In the establishment. The best Christian y
answered the chaplain. well. am bound To con
f,ss that t. an l>ra"lite-Our professor OF pill
osophy.' II was his work entitled Ia khbbale'
which got him into the institute Thereon VI. Bar
thclrmy saint lialrc rmarkcd 10 him: 1t i not
NV iptri
admittancr 10 our ranks.
The late General Icll' is lid 20 have brought the
first specimens Of gold from california To the East III
ISIS. lie crossed through Mexico with them, dis
guscd as English li,utcnant-it was a dangerous
place for American, - soon after TIA" war-and man
aged get aboard the united States Ship sara
tain (lficrwnrd Admiral FIlreu II WAS the report
thus brought hy General scale >aNS correspondent
OF Tn" Washington Post" that stimulated the gold
fever all over Tho county.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-05-06

In his lectures AT Stanford University eN-Presi
dent Harrison proposes to outline international
code of law to govern the leading nations Of the
world. with the purpos" of rendering resorts 10
arm. 20 settle International differences unneces-
sary. once established. there is no question that
the plan would commend itself 50 cmphaticapy to
the consccnccs of all enlightened men and women
AZ 10 be- made permanent. Such an achievement
would bring assured and lasting glory TO the pro-
mulgator of Tin. idea. General Harrison may hay.
il in his power to confer great and permanent
benefit not only upon his own countrymen, but
upon the entire worsi.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-05-06
DAILY SATURDAY, MAY lA'lo

is the explanation of these bank nix. failures ~h'e len
b,vc shaken and crippled the colonies ana
Startled all the world Fortunately Australia
i = young and resourc'ful country, and able
,,na On s.ve,e 4 lesson rs this without
hcinr utterly Frustrated. li"t she must take
lo..on and learn from it thai bubbles
a,e no fit foundation for prosperity for be
,hov IF bank paper or of soapsud>, they are,
80, nro.surc eor,Ily sure to burst.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-05-06
4 RECEPTION BY THE OVAL CLTB TO-DAY.

A reception and lawn party will be given by The
members Of the oval Club, ut the dubious, at Morris
Heights this afternoon from = TO O'Clock. The
OVAL the clubs coach, recently bought from 1.
snfern Taller will start from the Plaza Hotel at
~ 40 O'Clock this afternoon and will leave the oval
on IL, return trip AT 40 o'clock. The coach will COLI
tnue its trips daily. except sundays, during the
present month.
The committee OF ladies on reception IL composed
~ Miss Florence Van Rensselaer,, Mrs. Leon Marie.
MIS-. Il. l.. sherman, Mrs. Marion Read ana MIS- JAN
yier L. Due. a.,
The Badminton club will be- the guests of the oval
Club for the day and six badminton courts Will w
reserved for their plny.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-05-06

Winter may not be lingering in the lap of
spriug M in Orange County. Still there il n
GRAVE, niece of circumstantia evidence which
looks bad for him. The Middletown Argus"
says that there is n snowbanll three feet deep
and 100 feet long within sight of Mddlctown
It is on the hill known as High Barney about
two miles from the centre Of the city" However
the Fourth of July j. some distance Off vet
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-05-06
4 GIFr TO TIE SCMuLr HOWE.

From the proceeds Of the Friday Evening MUM
Gales the treasurer Of the association H. lie "rahS
Cannon has sent the sum OF SiOO To the Fresh Az
and Convalcsc.nt Home AZ summit, y. j. his ex-
cellent benevolent Institution has anon; III support
ers and associate managers man! weihho"h rfs'
dents OF New YORK.. who also patrons OF ID" frdhy
Evening Mu>icalr>. and this III Therefore apPfS
ur1tely represents their interest In the summit liome
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-05-06
NOT PENNOYER'S FIRST OFFENCE.

TTUTN TIIt INNTUI TIVrlW.
This Is not the first time that Governor pennoyer
OF Oregon has advertised himself boOr. Ills
impudcnt message to secretary Gresham requesting
him 10 tell the President 10 mind his business Is
paralrlcd by lis conduct two years when Presi
dent Harrison journcyrd through oregon. The GOV
invited to 20 ont and meet the President.
but the suggestion did not meet with pennOyer \
approval. He informed III" people that h. was GOV.
OF Oregon and that II the President OF the
United states desired to meet him he would have To
call at the state House like any other citizen. The
Governor did not propose To have his high mightin.ss
b,llttled by mere President.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-05-06
ONLY TIE FRUIT OF DEMOCRACY.


II has been many years since a political leader
has been 50 universally denounced In this state us
William +. Sheean IS. Yet his critics all recognize
him one of the powers of the Democracy.
Dcnunciaon Of shechan Is dcnunciation OF De
mOcracy II exists In New York. Mr. Sheean f.
fairly entitled TO the support Of all Democrats who
place III" Interests OF the party above the interests Of
good government.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-05-06

A term in prison appears TO be II sure passport
to Tammany favor. John j. Scannell. the ass,s-
sin. is now President of the Fire Department.
Jacob Scabold the convicted horse.thcf, who
spent some time in II cell in New-Jersey, has been
appointed Deputy Commissioner of Street Iul-
provements in tie district above the Harlem
River. Edward s. Stokes, who spent some years
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-05-06
JnOtr 10 ADVERTISEMENTS.
Business Notices.

ROLL TOP DESKS AND OFFICE tURNlIURE'
Great Variety O, Style and Price.
4. q. SELLEW,
No Ill Futop-st.. y. Y.
THE TRIBUNE AT TIL. WOKLD'S FAIR.
THE TRIBUNE can be found especially on sale at The
following places in Chicago:
All New >,taids the WOr.G's Far.
Leland Hotel.
Palmer House.
tsrand Pacific Hotel.
Auditorium.
sherman House.
Postonlce News Co.
C. Nc Donald & Co. 81 WashingtOn-s
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-05-06
THE WORST POSSIBLE TINE FOR FREE TRADE
From The Albany Journnl

NJ the present jl.ncturr the United States is CON
ironled with n Democratic President and Demo
cfilc congress pledged Ia IN abolition Of protective
uu'ies ana consequent greater Increase In imports
IMAM ever before. When the Lllld Congress meets,
II passes Tariff bill framed In accordance with the
provisions of the Chicago platform, the imports into
ths country Will become larger than they even
Today the adverse trade balance VIII become greater
ana the eiuN OF gold greater than II Is at the present
time. The people Of the United States could hot be
cursed WIN free trade tariff at any time when its
erect would be more severe than ut present.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-05-06
objection as that will be laughed out Of court
by triumphant Tammany.

"Come, let us reason together was in sub
stance the message of the Manhattan Railway
Company to the Rapid Transit Commissioners
Yesterday and the outcome Of the meeting
was a decision that the Commissioners shall
meet with representatives, OF the company, talk
the matter over, and, if possible, come to an
agreement. What this means it does not re-
qure large degree of acumen TO perceive
Il the company does not secure what il wants
on lis own terms, the popular expectation will
be far astray. There will be delays, nceota-
tons, conferences etc. but in the end, unless
all signs fail. the Commissioners will c0ncede
eNelv essential point.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-05-06
THE FINANCIAL COLLAPSE.
RESPONSIBILITY OF TIE GoyERNMENT.
Il..lt AIIa4.I lc.IIl

RESPONSIBILITY OF TIE GoNERNMENT.
From The Baltimore American.
The timidity, the shrinking within Itself OF taplt4b
tie effort iortiy itself against possible disaster -
iIaccatle directly TO the tmid ana VacLitnc course
Of the Government. Had there been ~ contradictory
statements from the officials who control the ro'erl
mrnt's financial policy, no attempts at pliillng ar
rangemcnts with the banks for gold on CONDITION OF
pawn. tn" freight, and no Ineffective Interviews WIN
Wall street IL l. morally certain that IN" present.
condition of the money market would nave ht'h
materially modified, II not averted altogether. IL -
idle to blame the demand for gold for the manleal
errors Of the Administration. Inc latter meant wen,
doubt; but the seeds OF diSr>t were sown by us
Naciaiing course. with the result that there i
general d>po iol 10 call loans and realize wherever
IL Is possible
STOP THIS UNCERTAINTY. MR. CARLISLE
From The Philadelphia Press.
Vnlcs, Mr.. Carlisle 4, widely unsupported In his
recent interview with the New-lorh bankers, for
whose advice he manifested little respect Il, twelve
year, ago secretary declared that he proposed 10
educate the West ami South IN the evils Of silver
purchases aud free silver coinage. II 1, never
safe 10 lncddle with values By way Of teaching any
body "A lesson AT any time. IL Is particularly unsafe
now The entire commercial world England Europe,
south America the East China and lntia) and AUS
trali-is going through an unparalleled llquida tion
II Will b, very serious matter II the refusal OK
secretary Carlisle terminate the present uncer'
tanty IN regard the currency gives the country
another lesson Hike that Of Mr.. Car>le's last At
tempt al financial education. The evil VIII not
stop easily as II did then.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-05-06
HE WILL KNOW Ills PARTY BETTER By AND By
From The BOSTON Journal

When Mr.. Cleveland expresses the belief that the
Sherman act can be repealed without substituting for
II something more favorable To silver he shows that
he Is very poorly acquainted with his party. lie will
know It better by and BY
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-05-06

1t is taken fJr granted by the United states
officials here that the order suspcndlng the
operation Of the Anti-Chinese law is not IN
tended to affect the test cases which II is pro-
posed TO bring before the courts at once. Ac-
cordlngly three Chinese will be arrested to-
day, and when they are anaigncd in the United
states District Court their deportation viii be
ordered. Their counsel will Immediately apply
TO the Circuit Cont for WrtS of habeas corpus,
which will be granted, and at once dismissed.
An appeal to the Supreme Court OF the United
States will follow and arrangements have been
made for hearing the argument thereon next
Wednesday, Doubtless il is the intention Of
the Government to hold the law in abeyance
until the highest court has rendered lis decision.
That course will have the general approval
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-05-06
THE BEARS FOUND EFFICIENT HELP.
.nm Tnr EnnklXn Stnndnrd Mon.

There is no denying the fact that uncertainty %
regards the financial policy OF President Ilcv.andS
AdminiStIa alton has aided the clique Of brokers On
the ENchang, who huv" been pounding certain ln'
dIsrial stocks during the last few days. with the
object. of course, OF buying them for rise.
HAVE THEY HAD OBJECT LESSONS ENoCGHi
From The Mail aud Express.
How many men IN this industrial enterprise, now
many Ia all the other enterprises which feel ths
strng-nCy In the money market, because or the Id.
competency, the yacillat0n and the pusillanimity ~
Mr. Clevclands Secretary OF the Treasury, voted Tor
the who made this Blue Grass statesman the
head Of the financial department Of our Government
Hay" they had enough Of Democratic control! How
many object lessons will II require 10 teach them
that II Is always better when you are ENJOYING
prosperity 10 try no experiments and make no radca
changes
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-05-06

The lightning of MaNwel's aNe doesn't strike
twice in the same place-but then il doesn't need
fn
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-05-06

Postage prepaid 10y the Irbuns Except as hef7II'lE''
stated.
CITY POSTAGE.-The law requires trait ! cent posleze
stamp be affixed 10 every copy OF the ia Sunuut,
or Semi Weekly Tribune mailed ioi ocau aei nv cum
New-YOrk CITY. This postage must be la'u py sap
scrfber Eesders ere better served by buyinS hc'f
Tribune from q nawsde3ler.
FOREIGN POSTAGE.-1O all foreign countries SeNcsp.
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REMITTANCts.-kemn ty fostI Order. rNtfSs p p,,
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Note II sent In unregistered !ct'er Vii 10 ~ LEO
owners fsk. o1o ,onon..,
London w. England.