davidaulloa/AmericanStories huggingface dataset:
The herald., 1896-12-24
THURSDAY, DECEMBER. "A, 1896
THAT CHICAGO BANK FAILURE

q Nothing could indicate more strongly
the healthy condition of Chicago's'
finances than the speedy cessation of all
excitement over the failure of the Ma
tional Bank of Illinois. The bank was
the second largest in the city;
excelled only by those of the
First National bank, of which the well
known Lyman J. Gage is president.
It has for many years enjoyed the full
confidence of the financial world, had the
highest possible commercial rating, ana
its business methods were generally re-
garded as thoroughly safe and conserva-
tive. Its officers were in the first rank
of Chicago bankers. Mr.. Schneider, its
president and founder, is German of
the shrewd, cautious type. He is, how
e,k=r, quite an old man, and has of late
years been obliged to turn the active
management of the banks affairs over
to younger men, who have been rapidly
advanced from positions of compare
lively small responsibility.
On Monday morning the announce
ment was made by every newspaper in
the country that this old and well known
institution had been suspended from
the clearing house, and probably would
not open it's doors. 1t is, perhaps, safe
to say that flash of lightning from a
clear sky would not have caused more
establishment to Chcago's business men
than did this news. 1t is not surprising e
that it occasioned excitement and un-
easiness, or that the failure of the bank
involved few business houses whose
money was temporarily tied up. In fact,
when we take into consideration the
prominence of the failed bank, its wide
connections, and the short time which
has elapsed since the business disturb
ance occurred by the heated political
campaign (nowhere more heated than
in Chicago), the only cause for surprise
is in the fact that the furry was so Sigh,
and terminated so speedily.
We presume this was mainly due to
one thing. The disaster to the National
Bank of Illinois was occasioned by the
direct acts of it's own officials, and was
in no measure to be attributed to gen.
eral conditions. 1t appears from the
press dispatches that loans aggregating
$2,40O, 900 (being about the banks capital
and surplus) had been made to one COR
security; and that two sons-in-law of
the president had, borrowed about half
q million each. The federal statutes
governing natiorvl banks prohibit loans
exceeding in am$ Int ten per cent of the
banks capital to any one individual
firm or corporation. The limit in this
case was 100000 one-twenty- y-fourth OF
the amount loaned to the Calumet Elec-
tric company. 1t seems that this course
was persisted in despite the repeated
warnings Of the comptroller of the cur.
rency, and that false entries We're al
tial compliance with the comptroller's
positive orders Such reckless and dis
honest methods would soon wreck the
strongest bank under the most favorable
circumstances, and the downfall OF the
National Bank of Illinois need cause M
uneasiness to customers Of banks which
The herald., 1896-12-24

Coils p. Huntington's hired men have
submitted to the harbor commission
about all they have to say in favor of
Santa Monica and against San Pedro,
and their testimony, observations and
pleadings make mighty interesting read
ing. The people of Southern California
will always hold them in grateful re-
membrances There has been suspicion
for a long time that if Santa Monica We're
selected it would be found that the
Southern Pacific and its officers owned
the best wharf sites and grounds for
railway terminals, but no one was pre-
pared to believe that every available
acre of ground on the water front, and
all the land approaches to it belonged to
the railway company or its friends. 1t
was brought out by few direct ques-
tions, however, that every desirable To-
cation in and every approach to Santa
Monica is under the ownership of Hunt
ington personally, or the Southern Pa
cific Railway company, and that no rail-
way, cart, wagon or buggy could get
anywhere near the harbor without pay
ing tribute to the Huntington-So
Pacific ring. Under such circumstances
it were better that the government
abandon all idea of deep sea harbor on
the Southern California coast than to
establish one at Santa Monica. The
business interests of the state are al
ready too much under the thumb of the
Southern Pacific, aId harbor at Santa
Monica would add that much more to
their burdens
The herald., 1896-12-24
BISHOP MoNTGoMERY's ADDRESS

To the Editor Of the Los Angeles
Herald: If in your report of the address
of Bishop Montgomery in the Los An
geles theater Monday night on Amer;-
can Citizenship-that lecture at which
]. F. Francis presided ''in his usual
happy manner"-and at the close of
which " vote of thanks" to this elo-
quent lecturer was carried amid vocif-
erous cheering" 1 say if your report is
correct and rightly represents the sem
timents of the bishop, 1 desire to enter
a protest. The bishops address is a
covert attack upon our public school
system. He says in the closing para
graph Gas reported): Government
ought not to pay one cent for religious
teaching" If he had stopped here per-
haps most of us would have agreed with
him. But he goes on and says: "Nor for
that matter ought it to pay for teaching
anything else as long as the parent is
a BILE to pay for it." Our public schools
are supported by the government. In
them the rich and thapo0r receive the
same instruction from the seine -bebks
The herald., 1896-12-24

his friends. Captain Cross Is a pretty
good sort of a man, but as between Los
Angeles and Huntington's monopoly,
most likely he would be found in Hunt
ington's camp in case of open hostilities.
The herald., 1896-12-24

1t is said that Mark Hanna has come
to the conclusion that he made a great
fool Of himself by not capturing the st.
Louis nomination for Mark Hanna. But
he is laying pipes for the nomination in
1900
The herald., 1896-12-24

Boss Platt's legislature has had no
tip yet as to how to vote for senator, but
the indications are that he will take the
plum himself.
The herald., 1896-12-24

Hetty Green is down upon Joseph
Choate and declares that he shall not
go to the United States senate.
The herald., 1896-12-24

Public opinion is turning against the
methods of the Parkhurst society and
one of these days it will rush down
upon the concern like a cyclone.
The herald., 1896-12-24
THE PUBLIC PULSE

(The Herald under this heading prints
communications, but does not assume re-
sponsiblity for the sentiments expressed.
Correspondents are requested to cultivate
brevity as far. as is consistent with the
proper expression of their views.)
The herald., 1896-12-24

dislikes. and he anticipates the public's
wants, but the greatest man upon the
editorial staff of a newspaper is the
best reporter.
The herald., 1896-12-24

Captain John Cross talks for Santa
Monica, which is not surprising, as his
relations with the Southern Pacific are
quite intimate. But when he says he
has no interest in the matter, but talks
as one wholly disinterested, he will par
don the people in this neck of the woods
If they smile the smile of the incredu-
lous. The fact of the matter is the
Southern Pacific has a good friend in
Captain Cross, and the captain is the
kind of a man who always stands by
The herald., 1896-12-24

st. Louis boasts of being ahead Of
Chicago for the week to the extent of
five murders and one train robbery.
The herald., 1896-12-24

rh. nuh1;shers have arranged to have
The Herald on sale at all news stands ana
on all railroad trains in Southern Saiii1rv anv
MA. If the paper cannot be secureo ga at a,;H ,;i,
~ the above places the publishers WI;
deem it a special favor. If patrons shouio
renort the same to the business off1ce.
The herald., 1896-12-24

The Herald Publishing company herepy
arrest ana conviction of anyone 1ounH
stealing a copy or copies of THE HERSLD
from wherever the same may nave pseh
ulaced by carrier for delivery to patrons.
The herald., 1896-12-24
TERMS OF SUBSCRIPTION.

c,tv subscribers to The Herald will con-
fer 4 favor by reporting to the business
once laae delivery or any other nefligence
on the part of carriers. During the WEEK
ali papers should reach subscribers no.
later than o'clock, and on Sundays by 5
o'clock
New-York tribune., 1896-04-14
GOOD ROADS.

There Is a pretty general acceptance through
out this State Of the main propositions upon
which all plans of road Improvement are Daseu'
II Is admitted that the highways OF New-forK
are bad. both absolutely and In comparison WITH
those Of neighboring States; that common OK
nericnce proves the cOstliness OF crude methods
of construction and repair; that consideraDie
expenditure for betterments, continued steadhy
through a series Of years. would be wise anu
profitable investment. and that beginning
ought to be made forthwith. The subject mas
engaged official attention during several admin
istrations. and been much discussed publicly ana
nrivatcly. especially since the great and grow
lng army OF bicycle riders engaged In the con-
troycrsy. A special committee created by the
Legislature last year. having made careful and
intelligent investigation, submitted an excellent
report nj the beginning OF the present session.
and Governor Morton renewed his strong ap-
neal for practical action. The early prospect OF
sensible legislation was favorable, and 1t was
expected that n long step In advance "ouid pe
taken before adjournment
But this is one Of the important questions upon
which practice does not readily follow preach
ing 1t costs nothing to accept the creed OF road
Improvement but 1t costs good deal to Improve
the roads. FOr tnlS OF sOiHt othei icoS"A oi''"
which reflect intelligent public sentiment 10
not get beyond the committee stage. we sup
pose that members are timid about converting
an abstract proposition into concrete fact. IL
this Is the explanation, we think they are more
timid than they need to be. Road Improvement
is popular in New-Jersey, Connecticut and MAS
sachusetts. and there is no reason why 1t should
not be popular in NewYork. If 1t could get n
chance 10 be- In some cases a public under
taking cannot demonstrate It's utility excepf
upon large scale and after 1t has reached COM
pletion This is not true Of highway improve
ments. A short strip Of good road Is con-
yncing argument to all who traverse 1t. ana
thus small expenditure makes advocates out
OF objectors This has been the universal ex-
perence In other States, and the rule would
work here as we'll as II works elsewhere.
little more courage on the part OF legislators
appears To be all that Is necessary.
We agree, furthermore, with the Chamber OF
Commerce that the good faith OF the state, ana
especially Of the administration. Is TO some ex'
tent involved In this matter This is consid-
Grafton which must carry weight with Gov
ernor Morton, and he would be remss II he
should neglect 10 use his influence In an appro-
pirate manner TO expedite the reform to which
he Is fully committed.
New-York tribune., 1896-04-14
NO COMPUESTON,

The last Legislature was justly condemned on
account Of Its reluctance to pass certain meas
ures of reform which the people had plainly said
they wanted passed. Most OF them finally be-
came laws, and II there had been nothing to
Judge by but the statute-book the record made
in the session of 1895 would have been reckoned
a pretty good one. The fault Of that Legislature
was that It hesitated and delayed to do the
things which 1t had been elected TO do, and at
last surrendered with III grace TO public opinion
in matters which were Of pressing Importance
Promptness Of action may be essential either
because there are rank abuses to be corrected
and even a short delay is unjust. or because a
possible change Of parties may threaten to post
pone a salutaiy measure indefinitely. Both Of
these considerations were urged last year, and
both were too little regarded.
1t sometimes happens. also, that postponement
OF an important legislative proposition Is hon
orable and wise, for the reason that II can do no
harm and doubt exists as to the proper course.
This, we take IT, Is the case with the Greater
New-York scheme. A clear and decisive opin-
ion has not yet been rendered on this subject by
the communities concerned. There Is no pre-
tence that the public welfare imperatively de-
mands an immediate decree OF consolidation
and movement toward that state. Nobody fears
that either party will resist conclusive demon
stration Of public opinion. years delay would
New-York tribune., 1896-04-14
Amusemenis.

se.~~~~r~~~~~<~~~~~~~~~ <NN<rr~~r>
ACADEMY OF MUSIC-S.l5-Humanity
ABBEY's NEUTRALITY-SUSPICIOUS. Little Duke.
AMERICAN INSTITUTE-2 to 8 p. m.-Farmers' Club
Exhibition.
AMERICAN THEATRE-S-The Law Of the Land.
BIJOU-S:i5-The Widow Jones.
BROADWAY NEUTRALITY-SUSPICIOUS. Jr.
COLUMBUS Observation-Disclosures
DALY'S Observation-Disclosures
DORIS'S GAIETY-Noon to IL p. m.-vaudeville.
EMPIRE NEUTRALITY-SUSPICIOUS.
EDEN MUsEE-Concert.
GARDEN THEATRES: :3o-IIis Absent Boy.
GARRICK THEATRE-s25-The Squire Of Danes
HARLEM OPERA HOUsE--s:l5-A Social Highwayman.
HERALD SQUARE THEATRE-S1o-The Heart OF
Maryland
HOYTs THEATRE-s:3n-A Black Sheep
IRVING PLACE NEUTRALITY-SUSPICIOUS. i'm Frieden
ROSTER & BIALs-S-vaudevlle.
LYCEUM THEATRE-s:15-The Prisoner Of Zenda.
MADISON SQUARE GARDEN-2-s-Crcus.
METROPOLITAN OPERA HOUSE-S-Carmen
NATIONAL ACADEMY OF DEsIGN-Day and Evening
Exhibition.
OLYMPIA-s:15-Margue
PAr.MER'S THEATRE-S:1 S:15-Madame Sans Gene.
PASTOR'S-1230 to IL p. m-vaudevile.
PROCToRs PLEASURE PALACE-1212 midnight
Vaudeville.
SOCIETY OF AMERICAN ARTISTS, 215 West 57th-st.-
Day and evening-Exhibton
STANDARD Observation-Disclosures Fadden.
STAR THEATRE-s-The Last Stroke.
TROCADERO MUSIC CHAII<-2--S:15-vaudeville.
ST. NICHOLAS ICE SKATING R1NK-Day and Evening
I.rH ST. THEATRE-s--The Village Postmaster.
New-York tribune., 1896-04-14

try a further heavy loss. But the greater part
of the loss probably falls upon the deaies' anu
such manufacturers as purchased wool largely
in expectation Of an advance In prices. Tne
movement began last June. when the average
of 1c4 quotations by Coates Brothers. at Pnila-
depha, was only 1900 cents and by August
the average was raised to 1881 cents the safes In
two months being S4,42s.T7 pounds at the three
chief markets, against 62,325,3e0 in the same
months Of 1892. With only part OF the machinery
running these purchases were far In excess OF
even the maximum consumption II all the mills
had been at work full time. During the sue
ceeding months from August l to Fepruary l.
the price held with little variation, the average
February l being 1472 cents. and the purchases
made during that period. in order to uphold the
price and In the hope OF change OF duties con-
tinually exceeded the requirements Tor con-
sumption. Hence 1t Is that a great quantty
Of American wool remains unsold, with new
supply about to come forward, and with great
quantity Of unsold foreign wool also clogging
the market while the demand for woollen goods
Is smaller than 1t has been for many years
New-York tribune., 1896-04-14
PERSONAL.

r,. s,s,. sunerintendent Of Public Instruction.
Charles r. Skinner calls public attention to the fact
that May 1885, will be the lOo;h anniversary OF tne
birth OF Horace Mann whose life was unselnshly oe-
voted to educational, work Mr. skinner says; nc
was A friend OF the common schools and promo'er
OF public education HIS name Is an INSPIRATION 70
az love the schools & IT II feSosnon In al
the schools OF the State by such appropriate exer
Ssss Sss as shdn dspay is the National nag on that
in honor OF Horace Mann.
Sir Edward Cholmeley Dering. Bart. who died
the other day was the representative OF baron
ecy which vas cTsssS 20 81 sfS ana
A story tod by Chauncey NJ Depew at recent
dinner. and perhaps not yet printed. was; The
morning after the election OF President HARRISON
Two Irshmen met in the cattle yards OF the New
York Central Railroad. Said Nike can you tell
me. Pat what was the cause OF Cleveland's defeat?
Ssey, was .. sd Af, Pat Ss Il H. O
With With IT,, y Nv w.n said Nike II 60 why IA ceys;
ani and END nS' he s.N battle NJ pepew d say but
President Cleveland has taken all the surplus sure
enough. since
one OF the most popular Russians in Paris to-day
Is General Eugene de Pogojef. He found Roman
sword when In the Caucasus last summer. This he
mounted beautifully and presented to France. the
country OF great heroes, OF great savans OF great
writer's and great champions OF liberty columns
have been written about him.
1T would SEEM" says The Boston Traveller.
"as II the bench OF Massachusetts, had fairly rev.
elled In Deweys. for less than four OF the same
name have sat at time or another either on
tho Supreme or Superior Court bench since 1874
The first was Daniel Dewey. who held office
for year on the Supreme Court bench. Then
came Charles Augustus Dewey. appointed In lxS1
dying In oficc In 1865 Francis Henshaw Dewey
was appointed to the Superior Court In 1863 and
resigned In 1885, and Justin Dewey, now on the
same bench. was appointed In 1886. There are
therefore to-day two Judge Deweys In this Com
monweath'
George II. Mehl. OF Rochester. has one OF the
most interesting numismatic collections In the
country, and his collection OF ship-pasters' Is es-
pecally good its intrinsic value being nearly 5000
The collection also contains many valuable speci-
mems OF Continental and State currency.
The Rev. W. II. Moore. pastor OF the Methodist
Church at Stevcnsville. Mich. Is firm be-
lever In special answers to prayers. He prayed
for a suit OF clothes the other day and on
the day following received a present OF a fine suit
from Dakota friend The fact that the suit was
on It's way 10 him when he was praying for II
counts for nothing with him. Something might
have happened to II in transit II he hadn't prayed
New-York tribune., 1896-04-14

could induce Current Of Jealousy By nirti,~ :1
the typewriter girl and prevent him from 'spcr,:x
her. but she might offer resistance to that ~
cedure. might give the bookkeeper . 1eydea ~
on the elbow when he s posting the ledger, or 49,
insulate In the mornn~ as to attract attenthor ~
fear any OF these experiments would resuN n -
electrical discharge Hoping you will BE- ahle ~
give me some valuable assistance or advice hov 4
proceed, I remain. yours truly"
The March of socialism-A friend OF ourr cnI.
that box Of cigars which he had only broken -.
the day before was half empty Turning g ~
too far, Joseph my man. We smoke q great y!
too much!-(Figaro.
The SEVENTEEN anniversary OF the foundine ~ -,
CONGREGATIONAL Home Missionary Society WIN ~.
place In New-Haven, Conn.,. on June q At the sse-s
time and place three other societies will nas.1
namely the Congregational College and Educatss
al Society. the Congregational Church BuildIss
Society and the Congregational Sunday School ~
Publishing Society.
AN EARLY SPRING SONG.
The meadow dreams Of violets-a bird 10 On 4.
And the sunshine's streamin'. drcamin' whese q.
honeysuckles swing;
The vines are lookin' brighter on the old por.A
An the catte-beils are rngIn' an the larks an =
the loan.
Springtime In winter, -
An all the world 10 bright;
Mellow suns by daytime
An lots o. stars at night!
No frost flakes in the furrows-the turf is vsrn
Listen--listen--listsn. an you'll hear the wonss
heart beat!
With sweet. caressin' fingers in winters lociu
The Spring has coaxed him to smile an kissed -
gloom away rs.
springtime in winter.
An all tho world IL bright: ,a
Each sunset leaves flower
-(Atlanta Constituton.
Among the many Paris newspapers which -
tested against the Imprisonment for ten months Z
Mr. Wing, American citizen. who was nnauv
acquitted by the French court. 'L'Intransgeauts =
the most indignant. M. Rochefort's paper m
ironically that the Judge dInstruction was pruhaltr
so conscientious that he wanted to hear Mr.. Whe
presenting his explanations in his native tonga
and not through an interpreter who might incoe.
rectly transmit the answers Of the accused Il sup.
poses therefore, that the French Judge took essooa
In English from the prisoner. and that the courss &
instruction has lasted ten months on account 4
the dulness Of the agistrate Finally he sent "
Wing before the Court. which declared him NJ
guilty Of the crime OF swindling. and set him 4
liberty. But. says "LIntransgeant." the Amer.
lean citizen is not entitled to any indemnity for Ii
long imprisonment; and this is frightful abuss I
power, which shows that French Juge d'insuu
tion can dispose at his will Of the liberty Of ~
zens to the same extent under the old redA
through the issuing Of the famous ''lettrss \
cachet"
Campaign Iie-"I have often wanted 10 u
you" said William Tell. ~ 1t is fact that ~
played on a violin while Rome was burningT
That q campaign lie." said Nero. m
truth Is, played on the flames. along with oth9
members OF No. Volunteer Company, with hooas
indianapolis Journal.
New-York tribune., 1896-04-14
by factious minority In the Senate or blow
hards on the stump
A JAPANESE SOLDIER AND STATESMAN.

MARQUIS Yamagata deserves hearty welcome
to the American metropolis He is no stranger
here. Personally he has not visited us before.
But the fame of his great deeds has long made
his name familiar as a household word. De-
spite the preaching Of the latterday sospel OF
the commonplace. Americans still love hero.
Their hearts warm toward man OF actioh.
They are glad to accord to such a visitor. com
ing from far distant land some measure OF
return Of the courtesy and honor bestowed upon
their own great military hero in his journeyings
about the world
II Is not alone the achievements or Marquis
Yamagata in the recent war with emma tha'
Americans have in mind. Those were enough
10 enttle him to fame and honor. But there
Is something more. and greater still. There is
the memory of the years Of progress and prepa-
ration which alone made those achievements
possible More. perhaps than any other man
of his race excepting only the emperor him
self Marouis Yamagata Is to be credited with the
DEVELOPMENT Of Japan from haf-sayage ana
almost wholly helpless state to that OF one OF
the Great Powers Of the world. lie TOOK hoid
Of It's armies when they were merely bands OF
rctoincrs of the Shog,ins and made Of them
homogeneous imperial host. able to scatter ike
chaff the myrads OF China and to inspire the
nation with confidence against any foe. Nor
has he confined his efforts TO warlike prepara-
tions. He is a statesman as well as soldier
He has been foremost I'm the councils OF peace.
of industry and commerce, Of the advance OF
enlightenment He is one Of the makers Of
modern Japan-one Of the men who have given
that nation of a glorious past the confident
promise of a far more glorious future. Such
man the people Of New-York. as Of the whole
United States. greatly delight TO honor.
New-York tribune., 1896-04-14
THE OPERA.

The local appetite for opera appears not 20 Co. "-
been vet appeased. The polyglot forces OF ". =
Abbey Grau began supplementary se. ~
two weeks at the Metropolitan Opera hou,, 80.
nirht. and although the opera was Gounods n0' =.
ct Juliette," which is anything but nove'".
audience-room was crowded. and the opera se.
to be enjoyed as II 1t were the first peru .rsr.
OF the season. or course. the name OF inc ,,,,si
had nothing 10 do with the fact which was Wv.
in the eyes Of the managers. What sisnne' ,sos. ~
the names on the house-bill. and these were 80.
Of Nine Melba and the brothers De Resrs seenned
unately all the members Of the compan,! vestern
not TO have suffered In the least from tne made for
campaign. and though an apology Wrs cor she sang
with wondrous sweetness and charm me ~ iprncpsl9
any sign OF weariness the part OF tne Pnmt that
n was In the ist!essness OF their acting ousic b
counts for little In Gounods opera 20 little what
the costumed marionettes on the sl6s staS6s and
singing H. The reception Of Nine Ms'pIi i the trib.
de- Reszke was extremely cordial. and az n,s .d dIsri.
utss they received were richly deserv % the regular
season.