The Worthington advance. [volume] (Worthington, Minn.) 1874-1908, 1895-11-28
Price Of Silver Bullion

OF silver during the year was 6S cents,
and the lowest price 1913 cents. At the
average price Of silver bullion during
the fiscal year the ratio of gold to silver
was to 1873, and the bullion value of a
United States silver dollar was 40. 16S
cents. The estimated metallic stock in
the United States on July l, 1895, was:
Gold, 1886, 220, S25; silver, S625, $50. 949;
a total of 81 ,262, o4s,774
Mr.. Preston, in are view of the none
tary legislation Of the country, states
that the real demonstration Of silver
took place in 1858, when the weight of
the divisional coins was reduced about
{ per cent. Thus, he says, it was not
an accident or an oversight; it was ex-
pressly declared in the house of repre-
sentatives that the intention was to
make gold the sole standard Of value in
the large transactions, and silver sub
servient to it for small ones. The act
of 1878, he says, was only nominal.
An Incohereut Monetary System.
In his report the director of the mint
says the result that the currency legis-
lation of the United States for over 100
years has been such as to leave an inco-
herent monetary system as inconsistent,
illogical and expensive as can well be
imagined, that inspires little confidence
at home and is not conducive to our
credit abroad, and its reform is one of
the most important and urgent political
and financial questions OF. the hour. He
says that on Jan. l, 1879, the date of the
resumption of specie payments, the only
currency, except coin certificates re-
quired to be redeemed in gold coin, was
the $346, 681 ,O16 legal tender notes then
outstanding, which the then secretary
of the treasury was Of the opinion that
a gold reserve of 500, OOO, 900 would be
sufficient to maintain, but that there
was now total of 1921, 229,523 resting
on the basis of the gold reserve of $780,
100000.
CLEVELAND, Nov. pa narrow es.
cape from another frightful bridge dis
aster occurred at $3.50 a. m. Oh the Su.
perior street viaduct. Three street cars
were waiting for the draw to be closed
In front was a car from the Scoville
avenue line. It was on the west side OF
the viaduct, next to the draw and back
of it few feet was Wade Park ave-
nue. car. About so feet further back
was Woodland avenue car. While
the motormen were waiting for the
draw to swing, they deserted their posts
of duty and were gossiping among
themselves when the rear Car
started up at lively rate Of speed.
Was a Very Careless Way.
When the motorman left his car, the
safety cut off had shut off the current
and the man did net turn the lever, sc
that the car would not start up. Sud-
denly the current started again and the
street car bounded forward. The
Woodland avenue car dashed forward
at a terrific speed. The full power of
the current was upon it, and an eye
witness says that IN the few feet it
went before striking the Wade Park
car, it must have attained speed Of
fully ~. miles an hour. People stand
ing on the bridge yelled to the passen-
gers in all the cars to jump. The cars
We're well filed, and the
Widest Panic Immediately Followed.
With g terrific crash the Woodland car
came up on the Wade Park car, smash
ing dashboards on both cars. But the
Woodland car did not stop here. No
one had yet shut off the current, and
the Woodland car forced the Wade
Park car forward against the Scoville
car. Luckily 1t happened that the
brake on the latter was set tightly.
Nevertheless it was driven forward
fully dozen feet, end when it finally
came to stop was within foot of the
closed gates.
Some Wore Seriously Injured.
The struggle Of the panic stricken
people inside the cars to escape was
fearful. Mrs. George SCHNEIDER, wife
of Assistant Prosecuting Attorney
SCHNEIDER, was badly injured in jump.
ing, and was removed to her home IN
an ambulance. Other women tainted
and had to be taken away in carriages
or ambulances. The Superior street
viaduct drawbridge is 80 feet above the
river, and had the runaway car not
been stopped just when it was, catas-
trophe rivalling that Of last Saturday
night on the Central viaduct would un-
doubtedly have occurred.