davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-02-01
FINANCE AND TRADE,
Wall Street Awaiting News From
Washington.
INTEREST In THE GOVERNMENT LOAN
Delay in Announcing Results Stops
Speculation.
GENERAL MARKET REPORTS.
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK. Feb. l.-Today's market
opened steadily I'm the neignborhood OF
closing prices. and gained considerable
strength during the morning on covering
OF snort contracts. London was i-2 to 81
lower, and sold Union Pacific freely until
the decline on this side fell below foreign
limits. The Bank of England reduced its
rate of discount l-2 per cent to 2l-2
Interest throughout the day centered'
largely in affairs at Washington. the result
OF the bond proposals and the tariff dis
cussion both figuring promptly as factors
In speculation. The street is OF the opinion
that the worst about the tariff bill will be
known as soon as the House takes action
upon it, and that whatever alterations or
amendments the Senate may make must
of necessity be for the better. 20 far as
leniency toward corporations is concerned.
Fears that the effect Of today's vote has
been already discounted led to considerable
covering. principally in the industrials.
The delay of two hours in announcing the
result OF the bond subscription stayed The
upward tendency. and resulted In q repeu-
ton of yesterdays stagnation.
Western railroad earnings. which are not
expected to reflect Improvement for the
fourth week in January. serve TO hold the
price of railroad stocks In that section al
most stationary pending the publication OF
the figures. In the meantime traders ere
quietly putting out a moderate line CT snort
stock for a quick turn.
Lake Shore gained L per cent on a con-
tinuation of yesterdays buying movement.
Union Pacific sold of I per cent on the
REORGANIZATION scheme providing for an
assessment on the stock, and the cutting
of of several of its branch lines.
Sugar was marked up Is per cent on
covering of shorts. Chicago Gas advanced
! per cent for a similar reason, and Dis
tillers was bought by those who sold IL
yesterday, and gained L Ia per cent In the
process.
The market for sterling exchange Is
strong. short bills and cable transfers being
most in demand. Arbitrage houses are al
most entirely out OF the market for COM
mercial bills and offerings are still decided
ly limited
Money loaned on call at 1 per cent and
time accommodations are unchanged both
as TO rates and conditions.
demand from borrowers from now on. but
are unanimous in the opinion that the in
terest account will show but little profit At
the end of the year.
The last hours trading was less spirited
than its predecessors, but prices held well
at slight gains over initial figures. The
sentiment of the room continues bullsh, but
probably more from the narrowness and
over-sold condition of the market than from
any substantial improvement in general con-
ditions. That there has been Improvement
is not questioned, but until evidences OF IL
become more general the professional ele-
ment will continue In control OF the situa-
ton The closing was dull and steady. at
net gains for the day in most instances.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-02-01

Sales-regular call-l2 O'Clock m-west
End National Bank. 10 at 100.
Government Bonds--United States %,
registered. 1907. 1l3& bid. l14& asked.
United States As. coupon. 1901. lisa bid.
114z asked.
District of Columbia Bonds.-2o-year
Is. 1901. 1851 bid 30-year Funding IS,
gold, 115i4 bid. Water stock currency 10,
1908. Us bid. 3.G5s. Funding currency, ms
bid. Bias. reg. 2-los. 100 bid
Georgetown Railroad cow. Go. LIST lbs bid,
$50 asked. Washington and 0eoreetovn
Railroad cow. is. I'd. LIS bid. $50 asked.
Masonic Hall Association So. l02 bid Wash
Washington Market Companv imp. g. los
bid. Washington Market Company ext. O..
1OS bid. American Security and Trust O..
1895. A. & o.. 100 bid. American Security
ington Light Infantry lst 6s 100 bid. WASH
ington Light Infantry ID as. p6 bid WASH
ington Gas Company 6s. series A. III bid.
Washington Gas COMPANY %. series q,
1lSiz bid. Washington Gas Company conv.
IS, i2s,a bid. Eckington Railroad O.. 100
asked. Chesapeake and Potomac Telephone
IS. 100 asked. CAPITOL and North o Street
Railroad IS. IS bid. 90 asked. Metropolitan
United States Electric Lieht cow. %. I'D
bid. lbs asked.
National Bank Stocks.-Bank OF wash-
ington. 800 bid. $50 asked. Bank Of Rspub-
AS, <oV uiu. <oc asAeu- ea SAseA< ~
bid Central. 200 bid Second. l32 bid
Farmers and Mechanics l9l bid. Dos asked.
Citizens 40 bid. lis asked. Columbia. 10
bid. Capital. 40 bid. West End, 100 bid.
Traders 100 bid. Lincoln. 81 bid. ~ asked.
Ohio. 20 bid.
Railroad Stocks-Washington and George
town, go bid 2a5 asked Metropolitan. 81
bid, 81 asked. Columbia IS bid. Is asked.
Capitol and North Street Is bid. Eek
inrton and Soldiers Home. Is bid George
town and Tenalytown. u bid.
Insurance Stocks.-Firemen's. - bid. 20
asked. Franklin. 40 bid. ~ asked. Metro
politan, IS bid. National Union. ii bid. 10
asked. Arlington. 14e bid. 159 asked. Cor
coran % bid. Columbia. 13A bid. 10 asked.
German American. $50 bid. Potomac. 20
bid. Riggs. 65s bid. IA asked. Peoples. 3
bid, 81 asked. Lincoln. ~ bid. s asked.
Commercial, SIS bid. So asked.
Title Insurance Stocks.-Real Estate Title.
1fo bid, l25 asked. Columbia Title, ga bid.
7Ib asked. Washington Title 1F'1r asked
Gas and Electric Light Stocks.-Wsshing-
ton Gas, s1% bid. 4Sl1 asked. Georgetown
Gas As bid. United States Electric Light.
l1gis bid. III asked.
Telephone Stocks-Pennsvlvania 81
asked Chesapeake and Potomac, 48 bid,
~ asked. American Graphophone. 2 bid.
Miscellaneous Stocks.-Washington Mar
ket IL bid. Great Falls Ice. 10 bid. Bull
Run Panorama. 10 bid. Pneumatic Gun
Carriage. so asked.
Safe Deposit and Trust Communicative
tional Safe Deposit and Trust Co.. 13o bid.
H., asked. Washington Safe Deposit 1oo
asked. Washington Loan and Trust. ia
bid. I2o asked. American Security and
Trust l2Sh bid. 19 asked.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-02-01
SPEAKER CRISP
Replies to tho Arguments of the
Republican Leader,
and DEFENDS THE WILSON BILL
He Advocates the Policy of Tariff
Reform.
A B RIL LIANT EFFORT

Immediately on the conclusion OF Mr..
Reeds speech Speaker Crisp relinquished
the chair to Mr.. Hatch OF Missouri and re-
sumed the cid seat which he occupied in
the days before he was elevated to the
speakership. When he arose in his place
he received an ovation.
The Speaker is symmetrical in form,
dignihed in bearing. with broad, well-poised
head. fringed with a touch of silver hair
on the sides. upon pair of square should
ers. He looked the judicial-minded man
he Is Until he warmed up he spoke with
the hesitation of a man weighing each
word and with a perceptible tremor of the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-02-01

ton or to clinch a statement with refer
ence to a report. Unlike the average tariff
speaker. who loads his desk with books and
ponderous documents, as IL terrifying him
self behind a breastwork Of literature and
statistics from possible attack, Mr.. Reed s
desk was entirely clear. He needed no
breastwork or fertilization.
Once only in his speech an effort was In
deed made to raid him. but he met the on
slaught and repulsed *. He made a state
ment, which the democrats quickly took up.
and by applause endeavored to turn IL
against Mr.. Reed. When the noise subsidized
Mr.. Reed quietly remarked that he was glad
to see that his democratic friends recog-
nized a bit OF TRUTH but he was afraid they
thought 1t an error.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-02-01
sciousn ess of his power which enable him
to demand and exact his rights"
Democratic PrOmfses

SclO4SneSS OF MS power, winch enable him
to demand and exact his rights"
Democratic Promises.
Mr.. Crisp said that for twenty-five years
the democratic party had been trying to
get into power. It had told to the people
that IL given power 1t would REFUGE the
burdens Of taxations. The people had &C.
cepted this promise and given the party
power. The tariff was a redemption Of
those pledges to the people. Appause.)
1t was not perfect BILL but It was a step
in the right direction. In referring to var
ious features of the bill he spoke of an I'M
come tax, which brought out long and loud
applause from the strong income tax ele-
ment in the House.
He cited a speech Of Senator Sherman's
two years ago. to the effect that a tax
which fell heaviest on consumption and
did not bear heavily on the wealth and
incomes of the country was intrinsically
wrong. Mr. Crisp supported the income
tax in vigorous terms. He said $40, GOO, 600
of tax on accumulated wealth was but a
small tribute In return for the benefits 1t
received
Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-02-01
Thirty Years Of Unrest.


Thirty Years of Unrest.
Mr.. Crisp was greeted with applause ut
the statement that the thirty years of pro-
lection was period Of unrest during which
the masses of the people had constantly
rebelled against the heavy burdens of taxa
ton. The people had always been stilled
at the polls by the republican promises to
reduce the tariff but once successful at the
polls the republican legislators surrendered
themselves body and soul to the manufac-
turing classes. The speaker declared that
the gentleman CMr. Reed had throughout
his speech refrained from the arguments
of reason and had resorted to those Of
prejudice
of what had resulted from protective pol
icy of hundreds of years, which had sought
to make China rich by trading with itself.
Paying His Respects to Mr.. Reed.
The gentleman from Maine, with IA
cility that is unequaled, when he encoun-
tiers an argument which he is unable to an
swer, passes it by with some bright and
witty remarks and receives the applause Of
those who believe as he does, but the gen.
tleman does not attempt to reply to the real
arguments that are made in favor of freer
trade and liberality to commerce.
The gentleman points to the progress of
In the United States; and then he says
that all this we owe to protection, but he
gives you no reason why we owe it to pro-
lection. He says because wages are high
in the United States protection makes them
high. II that Is true 1t Is equally true that
because the United States Is infected with
tramps and wages are high, therefore
trsmps make high wages: Applause) Ire
land has snakes Ireland has low wages
therefore snakes make low wages In Ire
land When we ask the gentleman from
Maine to give reason why protection in
creases the rate Of wages, he fails to give it.
Mr.. Crisp then further discussed the
minority report of the ways and means com
mittee, and continued:
How Protection Hurts.
IT can show how protection hurts the
farmer, but 1 defy any man to show how
1t benefits the farmer" He proceeded to
elaborate that all the farmers products.
corn. wheat and cotton, were sold in the
free trade markets Of the world. while all
he consumed was brought in a restricted
protected market. The gentleman from
Maine. said he. had stated this floor
| today that the corn laws Of England, os-
| tensibly made in the interest of the Eng
fish farmer, were in reality made in the
interest of the noble land owners of Eng
| land. True" declared the speaker, en-
| phatically, but he should also have told
you that protective tariff, always de-
| Tended in the labor centers, is in reality
| made for the benefit of protected manu-
facturers-America's noblemen." applause
| High wages here are not the result of
| protection: they are the result of the en-
| vironment Of our laboring man. The fer
| ti!ity Of the soil. the wonderful resources
| telligence of the people all unite to make
| good wages. Wages here are more de-
| pendent upon the independence Of the
laborer. the trades unions and the con-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-02-01

The search for the body Of Miss Bette
o. Bailey, who was drowned or the ferry
steamer Columbia Tuesday evening, as
published in yesterdays Star, was renewed
this morning by the officers Of the police
boat, as well as by private parties, who
are working for the reward. The police
boat returned to the wharf about noon
after an unsuccessful effort to find the
body. but returned down the river this
afternoon to continue the search.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-02-01
The st. Gaudens Medal.

The Senate Quadro-centennial committee
met today and unanimously decided to rec
ommend to the Secretary Of the Treasury
to reject the st. Gaudens' worlds fair medal
unless the reverse OF it be changed so as to
make 1t conform more to the committees
ideas of propriety. The committee author
liked the Introduction Of a resolution In the
Senate to this effect. The committee says
its opinion was formed by an inspection Of
the original design. and not of the repro
duction.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-02-01

The acceptance of s50.OO0.OOO Of these
offers will increase the gold balance by
that amount. making 1t about Sill. 900.
or sl5,OOO,OOO of the legal reserve Of
500 OOO. 600 usually set apart for the re-
demption Of legal tenders.
The free gold" will not last long unless
there Is an unlocked for increase in the
government receipts and 1t is regarded as
certain that Secretary Carlisle will have to
provide for another loan unless Congress
comes to his relief.
One Crank Offer.
There was one crank bid from Chicago
to take s5OOOO.OOO at $l.1S. but the sub
scriber admitted he did not have the money
to put up.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-02-01
A Bill to Set Aside,

W. H. Cladin against w. H. Claflin &
Co.. by Mr.. r. r. Perry. flied bill against
the Brod!x Publishing Company and nine
others to set aside certain deeds and mort
cages and that the persons holding obliga-
tons mentioned be adjudged to have no
right to be treated as preferred creditors
and the appointment of a receiver to man.
age and sell the business.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-02-01
DISTRICT GOVERNMENT.
Bids for GRADING.

Bids were opened by the Commissioners
today for grading 10Th street northeast be-
tween East Capitol and E streets. The bid
ders were James McCandlsh, "a 1-2 cents
per cubic yard: H. Nailor. p cents per
cubic yard; E. G.. GummeIl, 20 1-2 cents: NJ.
F. Tally, u cents, and George Kelleen, "a
cents.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-02-01
Disposal of the Administration Build
ing.

The commission of three persons appoint
ed recently by Secretary Carlisle to report
on the most advisable manner of disposing
of the administration building at Chicago
has about completed its work, and a report
is expected from 1t in day or two. One OF
the members of the commission had spent
considerable time in Chicago and another
was acquainted with the condition OF af-
fairs, so that 1t was unnecessary for the
commission as body to visit the building
preliminary to making it's report. The
members of the commission decline to indi-
cate what is the nature of their report.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-02-01
DIFFERS WITH SENATOR HOAR.
President Stewart Of the United State
Trust Co. ON the Bond Issue.

Trust Co. on the Bond Issue.
NEW YORK, Feb. president John A.
Stewart Of the United States Trust Com
pany said this morning concerning Secre-
tary Carlsle's bond issue: 1.-THE amount de-
sired has been raised. The New York state
banks bid for 100000 this morning. which
was the last subscription. Telegraphic bids
will, however, be received at Washington up
to noon today. The fact Is that the desired
amount was subscribed right here in New
York city, but something like 100000 was
subscribed from Boston last night"
President Stewart said while he did not
care to criticise Senator Hoar's speech, in
the United States Senate on the bond issue,
he could not understand how the Senator
could question the legality Of the issue.
President Stewart contends that the issue
Is perfectly legal, and the fact that the banks
and insurance companies grabbed the issue
is ample proof.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-02-01
A FREDERICK DELEGATION
Call at the Post Office Department T,
day on Business.

day on Business.
Frederick, Nd, has a post office fight on
its hands. Today a delegation said to rep
resent the business people of that city call
ed on Postmaster General Bissell to urge
the appointment of M. David Wertheim-
mer.
1t is stated that the fight had assumed an
aspect of Intense interest to the people Of
Frederick, because it was currently under
stood there that DR.. Edward T. McSherry is
being backed for the position Of postmaster
by Senator German.
1t is claimed that Mr.. Werthemmer is
the candidate of the people. The dslega-
ton is composed as follows: Mr.. Lloyd +.
McGill, jr., Hon. VIM. +. Maulsby, Jr., MIR.
H. Mankey, MIR. David Lowenstein, Mr..
Charles Wertheimmer, MIR. Geo. b. Swiner,
Mr.. Aaron RosenstocK, Mr.. Baumgartner,
MIR. Raymond Rich, Mr. Charles ii. hahn
and MIR. Joseph H. Gamble. Congressman
Mckaig introduced the party to Mr.. BIS
SELL who said that he would give their
claims due consideration.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-02-01
Nr. CrisD Emuhatic.

to his democratic associates to waive
minor objections and to look at the great
democratic principles involved. Let us
stand together" said he. Let us redeem
our pledges. Let US pass this bill, and you
will carry gladness to the consuming
masses. to the farmer, to the laborer and
to the American people,"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-02-01
Nay0l Orders,

Passed Assistant Engineer George B.
Ransom has been detached from duty at
San Francisco and granted two months
leave.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-02-01
FINANCIAL AND CoMMEnClAl.

The following the opening. the hiebsst anl
the lowest and the closing prices Of the New Yerk
stock market today. reported by Coroou z
Mccartney. members New York stock exchanre
Correspondents Messn. Moore q 6chley, No. 20
Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-02-01


York. but the bids and their makers are
suppressed.
Among the bids received from Boston
were the following: Kidder, Peabody & Co.,
$500. 900: r. L. Day & Co.. 100000. Total.
s.. 900, 900. These. like those from New York
already mentioned, were secured through
the efforts Of Mr.. John A. Stewart. presi-
dent Of the United States Trust Company of
New York. The total amount of bonds sub
scribed for In this way was s46.1oo.oo0.
The Secretary's Circular.
In the circular inviting proposals. Sec
rotary Carlisle said:
BY virtue of the authority contained In
the act entitled An act to provide for the
resumption OF specie payments" approved
January IA. 1875, the Secretary OF the
Treasury hereby offers for public subscrip-
ton an issue of bonds Of the United States
to the amount Of $50 O0O. 900. in either regis
tered or coupon form. in denominations OF
$50 and upward, redeemable in coin at the
pleasure Of the government after ten years
from the date Of their issue. and bearing
| interest, payable quarterly in coin, at the
rate of per cent per annum.
As soon as practivable, after the LIST day
of February. 1894. the allotment of bonds
will be made to the highest bidders there
for but no proposal will be considered at a
lower price than III. 223 which is the equiv
alent Of per cent bond at par, and the
right to reject any and all proposals Is here
by expressly reserved. In case the bids
entitled to allotment exceed the bonds to
be issued, they will be allotted pro rata.
Notices of the date of delivery of the
| bonds will be sent to the subscribers to
whom allotments are made as soon as prac-
ticable and within ten days from the date
Of such notice subscriptions must be paid
| in United States gold coin to the treasurer
or such assistant treasurer of the United
States as the subscriber has designated
and IL not so paid the proposal may be re-
jected.
The bonds will be dated February 1, 1894
| and when payment is made therefor, as
above, accrued interest on both principal
and premium from February /. 1894. to
date OF payment. at the rate OF interest
| realized to the subscriber on his invest
ment, will be added.
The Secretary's Statement.
| Secretary Carlisle made the following
statement in regard to the bond offers at
| 2:3O o'clock this afternoon:
THE subscriptions TO the new per cent
loan 30 far as received amount to s54, sOs,-
| 10O at prices ranging from 117.223 to 49,
S29 There was also an offer Of $40 for one
| bond of $50. There are known to he ON The
| way additional subscri otions amounting to
more than $5OO0.0O0. which, owing t. delay
in the arrival Of the mails. will be entitled
| to consideration when received"
| The subscriptions provided for payment at
Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-02-01
Larger Than Supno.~d

Larger Tnan supposed.
An examination Of the treasury silver
vaults this morning shows that Anderson 8
peculations amount to s9A, instead Of only
$35, as previously stated.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-02-01

industry Of the country. Is charged up to
the credit OF protection, but when their at
tention Is called to the impoverished farm
ers, the strikes, the procession of tramps
they set up in defense that all this is due
to a threatened reduction of the tariff.
They take the credit to which they are
not entitled and shirk the responsibility for
that for which their system Is clearly re-
spOnsible"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-02-01
Chicago Grain and Provision Markets.
Reported by Silsby 4 Co., bankers and
brokers. Metropolitan Bank building.

Range Of the Thermometer.
The following were the readings OF the Their.
mometer At the weather bureau TODAY: a. M,
Sc: p. m, ~; maximum. AZ; minimum. IS.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-02-01
THE BOND ISSUE
Secretary Carlisle's Plan Proves an
Entire Success.
THE SUBSCRIPTIONS CLOSED TO-DAY
Some OF the Subscribers and the
Amounts They Took.
POPULAR CONFID ENCE

The time for the reception Of proposals
for the per cent loan under the treasury
circular of January II expired at noon.
There is no longer any doubt as to the sue
cess Of this plan of Secretary Carlisle for
recruiting the gradually diminishing gold
balance Of the government. The recent de-
termined efforts on the part of a number
of people to impugn the validity Of the pro-
posed loan failed In their purpose most sig
nally. That the people have an abiding
faith in the integrity Of the governme MT
is clearly demonstrated by the fact that
they offered to subscribe for bonds on Sec
rotary Carlisle's terms to an amount tar
in excess of the limit of the loan. viz:
$5O,O0O,OOO.
Some Of the Subscriptions.
Among the subscriptions received from
New York were the following:
New York Life Insurance Com
pany, through President John