Arizona weekly citizen., 1895-10-26
TELEGRApHIC.

HERMosILLo Mex, Oct. IT. Geo T Harrison and G. F. Baker. colorado mining men were murdered in the Yaau indian country about five days ago. The mexican guide returned and claimed that they were shot by indians but it if suspected that he himself did the mur. ders.
 DENVER Colo, Oct. l7-Never has such crowd been seen Denver as that in attendance at the first annual festival oi Mountain and Plain. Railroads estimate that they brought in 450O0 people to the city within the last two days. A Grand military parade was gwen thls forenoon. A. Unique feature of the celbration to- day was furnished by bands of Santa Clara or Pueblo Indians and Utes. The Pueblo's gave an Arco or bow and arrow dancs anu the Utes social dance.
 SoUTHHAMPToN, Oct. 17-The New American line steamship, St Paul, com- pieted an uneventful maiden trip across the Atlantic this morning. She left New York October II and encountered heavy head winds and fog. No attempt was was made speed the steam ship on her first trIp.
 ATLANTA, Ga, Oct. 16-The American Bankers Association began its session yesterday with sn unusually large at tendance. President Jo ohm J. r. Oiell in his annual address declared there was more trouble In store for the coun- try unless the issue of notes by the gov erDment be abandoned. President Odell said.
 "One year ago at your convention in Baltimore a plan for the reformation of our national currency system was adopt ed, and while the recommendations of the association dId not meet with uni versal approval, the action Of the cvn- ven tion gave rise to a most extensive aglt ton of the currency question, both Tn and out of congress, and great deal of valuable discussion followed. The effort of the assoclation to deal with this subject has not been fruitless and it is to be hoped the agitation will continue the government shall abandon the is stance of notes, and nor: perfect eur rency sy stem shall he adopted. The evils of our present system were never uOIe Sppblcub tudu LOOhy.
 During the period since we last met together our country has passed through an experience that will not soon be for gotten. Following season of univer- sal liquidation and distress, the country was confronted by the national treasury, forced almost to tbe very verge of bank ruptcy and was saved from this only by heroic and patriotic action of wise and courageous president. For weeks un certainty and confusion prevailed, and were rot sllayed until by the sale of 8 large amount of bonds the government recovered its gold reserve. That this ex pedient offered but temporary relief we have had ample evidence, and signs are oot wanting to indicate that We have yet more trouble in store, unles, wa de- part entirely from the present make shift and pernicious system of govern mental pote issues.
 With scientific monetary system, based upon standard which has To- ceived the endorsement of meet civIl zed natiops, we may feel assured the intelli geUt and energetic people of the United States will develop and utilize to en ex- tent beyond the dreams of the widest
 
 sources which nature has with such generosity bestowed upon us, until at last We shall take our true place among the nations of the earth, foremost in material prosperity and moral worth, which will be manifested ID the advance ment of our arts and sciences, and ID the daily life os our people.
 To-day were It not for our united currency system we might we'll congra- tulate ourselves upon the condition of affairs. Abundant crops have rewarded the lsbors of the husbandmen, the wheels of industry aye moving more smoothly and rapidly, confidence is talk ing the place of doubt, assurance of hes itation, and altogether the prospect, but for one single cloud, is f.ll of encour agement."
 Ex-Governor Merriam of Minnesota read paper entitled ''The currency for the twentieth century," in which he out lined currency scheme. His sugges- tion was, th,t, say forty per cent of the capital of national bank be invested in United States notes and circulation be issued against the same, the bills re- msinirg ID the hands of the treasurer and currency in amount equal to the re- sixty per cent of the capital stock to be delivered to the bank for is suance when desired. Before the unse- cured currency is forwarded, however, each bank should pay to the treasurer a sum equal to five per cent of it's capital stock as "bank circulation safety fund" upon which money the government would allow interest at the rate of three
 
 in case the assets of insolvent banks should be insufficient to reimburse it for notes of defaulting institu- tions, may assess each bank in the sys- tenn, pro rata, to an amount sufficient to fully indemnify it for any losses incur red, but in any one year no institution shall be assessed more than one per cent of it's average circulation for the pre- Vious year.
 SANTIAGO DE CHILE, Oct. 17-The Chilian cabiret has resigned.
 KANSAS CIrY, Mo-, Oct. 17-Special ,o the Star from Fort Scott, Kansas, says that developments this morning in he case of defaulting Cashier Carlson ,f the State Bank, slows the shortage 70 be S50, ,000 instead of S23,OOO as first reported. LITTLE KOCH, Ark, Oct. 16-Gov- ,rnor Clarke's determination to stop he Corbett- Fitzsimmons contest at my cost was emphasized today by the presence here of General Taylor, of the Arkansas State Guards, who was sum- noned to the capital to confer with the governor in regard to the strength of the tate militia. General Taylor said positively that he fight would not occur. His purpose