davidaulloa/AmericanStories huggingface dataset:
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-15
ITALIAN ss: st,,s: s Statement : 1.'. s,''; .n; : :
Republic. Crown Published at London.

LONDON, Jan. 15.-The Rome CORE
spondent of the Daily Chronicle, in a
startling statement this morning.
quotes largely from an article in Civil
Ia Catholica, which he declares is di-
rectly inspired by the vatican and the
pope, advocating as the solution of
the eternal question between the vati-
can and the quirinal the establishment
OF an Italian republic The article.
which is based on the pope's Christmas
allocution, declares that the thing
which stands opposed to papal indie
pendence is not Italian unity, but. 4..the
special and concrete form wherein
that unity is at present maintained.
with results much more disastrous to
the state than to the holy see.'' 1t
proceeds to assert that the coexistence
OF the vatican and the Italian mon
archy is impossible, and that one or the
other must go. 1t then suggests the
constitutions of Switzerland and Amer
lea as examples "of admirable and
glorious constitutions; true union of
nation and state, though differing from
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-15
TAWNEY'S
REVENGE.
WASHING TON BUREAU ST PAUL GLOBE,
CORCORAH Bull DING.

Special to the Globe.
WASHINGTON, D. c., Jan. 14.-Rep-
resentative Tawney had opportunity
today to get even with Nelson for
turning down Gen. Diment for collector
of customs. When the bill accepting
the invitation to participate In the in
ternational fisheries exposition at Ber-
gen, Norway, Nelson's pet scheme.
came up. Tawney was the only Mime
sofa member who voted with Uncle Joe
Cannon to amend the bill so that the
commissioner appointed will receive
but $500 salary and all expenses. The
Minnesota delegation tried hard to de-
feat the Cannon amendment, but could
not persuade Tawney to vote with
them 1t is said Nelson wants the
place of commissioner for Few. NJ. Falk.
Gjertsen, of Minneapolis.
The candidacy of L. G. Powers, the
Minnesota labor commissioner, for
superintendent of the census is favor
ably regarded here, the Minnesota del
egation backing it strongly, and it is
said TO have been given consideration
by the president. 1t is said that the
president, in conversation with Labor
Commissioner Wright, who had charge
of the completion of the last census,
stated that he was anxious to secure
a capable man from the West for super
intendent of the next census. Commis-
sioner Wright Immediately Endorsed
Commissioner Powers, of Minnesota,
as just the man for the place. 1t is
undoubtedly true that Commissioner
Wright's recommendation will count
for a great deal with the president.
Judge Flandrau is urging the claims
of the Mediawa-Kanton Sioux under
the treaty of 1852. The Indians forfeit
ed their rights when the Sioux war
broke out in 1862. Judge Flandrau
claims that the government has re-
ceived more than has ever been paid TO
Indians, and further states that nearly
every person who participated in the
1862 outbreak is dead. He says: There
is a provision in the constitution of the
United States that there shall be no
attainder of blood for any crime that
will continue longer than the life of
the criminal so that the present gener-
alton of suffering people are not re-
sponsible for the sins of their ances-
tors" The house committee on Indian
anything for the Sioux in the new bill,
and the matter will have to be fought
In the senate.
Jud La Moure, of North Dakota. is
here. He will take part in the Bis
marck postoffice fight, which is becom-
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-15

harbor of Dry Tortugas. where tbav
VIII await the flag.
While the squadron is on the F1orIdo
drlll grounds, which will include occa-
slonal anchorages in Dry Tortugas har-
Dor, the post and telegraphic address
VIII be Key West. The above dates fo,
salllng and rendezvous are subject to
change due to the completion OF re-
pairs TO vessels at New York or to
heaVy weather. Should the BROOKLYN
MAINE or other vessels participate in
the drills on the Florida drill grounds
detailed orders will be given them. II
Is not intended that any of the battle
shlps or armored cruisers (except the
Malne) Shall enter the harbor of Kew
west except by special order of the
COMMUNICATIVE chief or in case of
emergency.
KEY WEST, Fla, Jan 14-The
cruiser Detroit has arrived from Port
au Prince and reports all is quiet
thefe The cruiser is short of coal and
IS taxing In large quantities. The Mar
D4ehead mas been awaiting instructions
expected by tomorrow's mail and will
lcaVe tomorrow. The Montgomery ar
rived from Pensacola today with q
barge in tow to coal the battIeshlps
The Maine. the torpedo boats and the
other Warships are under full steam
awaiting orders.
LONDON, Jan. 15.-The Madrid COR
respondent of the Daily Mail saws: II
was pointed out at the cabinet council
today Frfday) that the members of
the new Cuban government had
strongly protested against the attacks
made by the Havana papers on the
Spanish army. The cabinet resolved
that the disorders in Havana should
not affect the recent reforms Strict
military discipline will be enforced
both here and abroad, and if necessary
measures will be submitted to the
cortes for reforming the army laws
Ihere are rumors that the Carlists had
Planned an armed rising near Alicante
TN Valencia), but abandoned 1T on the
protests of the agent of Don Carlos
the Marquis Cerralbo.
Senor Moret minister for the colo
MES, announced that Gen Blanco, the
governor Of Cuba, had offered another
1000 pounds for the relief of the peas
ants concentrated at numerous forti-
fed places. The general situation in
Cuba, he said, was improving in con-
sequence Of resumtion of work. A dis
patch from Gen. Blanco was read say
ing that quiet had been restored to Ha-
Vana and the troops withdrawn. The
council decided to constitute a COM
mission consisting of Senior GroiZard
minister of justice; Gen. Correa. minis
ter of war, and Admiral BermejO. min
lister of marine, charged to prepare for
submission to the cortes a project for
the reform of legislation dealing with
newspaper offenses against the army.
1t is the belief in official circles that the
events a Havana have provoked an
agitation among officers of the Madrid
garrison.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-15

Special to the Globe.
WASHINGTON, Jan. 1.-THE admin
istration will continue to maintain an
inactive policy toward Spain as long
as possible. Should rioting continue in
Havana, however, this government will
interfere as soon as American interests
are in danger. If war comes, the gov
ernment will strike the Spanish navy
on the home grounds, so as to keep her
warships away from the American
coast. This is the plan decided upon.
The last news Of the day from Consul
General Lee came to the state depart
ment about o'clock, and was at once
sent over to the White house. 1t went
to confirm the previous reports and
was a simple statement by Gen. Lee
that at noon today all was quiet in
Havana. One of the dispatches re-
ceived today stated that there would
be no objection to the presence in Ha-
vana of Miss Clara Barton, of the
National Red Cross society, the au-
thorities being ready to extend to her
the same privileges as those given to
any other citizen.
The sailing orders of the North At
lantic squadron were given to the pub
lie today to prove there is no inten-
ton of making naval demonstration
at Havana. These orders are made by
Admiral Sicard and are issued in iden-
teal form to the commanders of the
various ships making up the squadron.
They are dated at Fort Monroe Jan.
IL, on board the flagship New York.
The squadron is to be prepared to sail
from Hampton Roads, weather and
contingent circumstances permitting
at 10 a. m. of Saturday, Jan. Is, for
the vicinity of the Dry Tortugas, off the
coast of Florida. 1t is expected that
the Massachusetts will leave the New
York navy yard on Friday and the
Texas on Saturday. The Massachu-
setts will endeavor to join the flag first
on the Currituck rendezvous, and, if
that is missed, then on the Cape Fear
rendezvous. 1t is hardly expected that
the Texas will be able to join the flag
on the Currituck rendezvous, therefore,
directly the Massachusetts joins them,
the squadron will not then await the
Texas, but proceed to the Cape Fear
rendezvous, and there it is hoped that
the Texas will be able to join. Should
the Massachusetts miss the flag at both
rendezvous or should any ship be sep
arated from the flag by reason of
weather or other contingency, the next
third and final rendezvous will be the
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-15
BULLETIN OF
The ST. PRUi GLOBE
SATURDAY, JAN. 10, 1898.
Weather for Today
Fair, Preceded by Snow.

PAGE L.
Chamber of Commerce Banquet.
Tawney's Revenge on Nelson.
Mckennn Confirma If ON Delayed.
klOndiI<e Relief Abandoned.
Talk of an Italian Republic.
Order Restored in Cuba.
PAGE e
Street Railway Ordinance.
CIOugh's Senatorial Plans.
News of the Hotels.
PAGE 3.
Minneapolis Matters.
Good Outlook for 1898.
PAGE 4.
EDITORIAL.
Work of Congress.
Affairs in Society.
PAGE 8.
Cornell Onrsmen Indignant.
Days Sporting Events.
Gay Ice Carnival at Como.
Trades and Labor Assembly.
GrOton Elevator Man Short.
PAGE g.
Stocks a Point Lower.
Bar Silver, IS I-Sc.
Cash Wheat In Chicago, OF I-Sc.
Worlds Markets Reviewed.
PAGE z.
Chamber of Commerce Banquet.
Wants of the People.
PAGE 8.
BaziIIe Park Deal Illegal.
Court Martial Proceedings.
Chicago Lines Join In Rate Cutting
Railway Gossip.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-15

A ludicrous bit of hair-spl:ttine is on
in Chicago. The Inter Ocean saws if
has lot of evidence that the police of
the town are in league with the tough
element and invites Mayor Harrison to
come around and see it. The mayor re-
torts that he could see this evidence in
the Inter Ocean office only as private
citizen, but invites the Inter Ocean to
prlng 1t over to the city hall. The
mayor doesn't go over to the Inter
Ocean, the Inter Ocean doesn't go over
TO the mayor, and there you are.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-15
WinOna Man's Method of
Getting Even With Nelson
Powers After the Census
COnmissiOnership.

ing so hot that a United States sena-
torship from North Dakota is involved.
1t is said that if Mrs. Patterson's name
goes TO the senate and Senator Roach
VIII stand with Hansbrough for con-
ffrnatlon, Roach will be promised sup
port from certain Republicans who aid
ed him when he secured the seat be-
fore.
Col. w. S. King, of Minneapolis. ar
rived here this afternoon. He is inter
eSted in securing right Of way for a
transportation company between the
Canadian line and Skaguay.
John NJ. Underwood is still here look
ing after the fate of a bill which would
give the company he represents a right
or way from the coast to the Yukon
river, but the prospects are not so good
today as they were a week or so ago.
Congressman Johnson has recon-
mended the following postoffice an
pClntments in North Dakota. Fred
KUeseI, Richardson; A. Lincoln caii.
Afred 5: Venby, Hastings; John Fl
MoVius, LidgerWood
senator Nelson today presented re-
mchstances from st. Matthew's Socie-
~ OF st: Paul, and the German So
ciety, or Martin county, Mimi. against
the passage of the Lodge Immigration
bill. . q 'i0ii
senator Davis has introduced the fol-
lowing bills: To erect a monument on
the Lundy's Lane battlefield "a com
mission of three is to be appointed bv
the secretary Of war to select a site
Tor purchase of which Sc 900 is apnro
priated); to refer the claim of Cant
george {. Whitcomb for damages sIIs-
tanned during the Sioux outbreak In
62 and '63 to the court of claims. for
the relief Of Judson Jones. Mr.. Davis
also presented the resolutions of tha
Crookston Commercial Travellers asso-
clatlon against the anti-scaIping hill
and the Stoneware Potters' Union of
Red Wing in favor of the immigration
bill.
The action of the house committee on
Indian affairs in adopting the resolu-
tlon yesterday reducing the Dawes In
dian commission from five to three
members, and cutting it's members sal
aries from $1,000 to SO 500 per annum
IS or course, severe blow to Tams
Bixby, if it should be ratified by the
house and senate. But should Bixby
desire to remain in his present posi-
ton, Senator Nelson would doubtless
be able to block the scheme in the SEN
ate. He could do this If he did not
fear that to do so might cause a storm
of Indignation from the economists OF
the country If Bixby is to be Iegis-
lated entirely out of office or have his
salary so heavily cut, he may yet de-
eide to take part in the Minnesota
gubernatorial scramble.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-15
banking system that set his hearers to
thinking. The address was as follows:
MIR. sTICKNEY,s ADDRESS.
He Discusses the Basis of the Next
Boom.

BOOZE.
Mr.. stickney said: Mr.. Chairman and gem
tlemen of the chamber of commerce In
speaking of the basis OF the extraordinary
growth of our city, in the decade 1880 to
1880, 1t is unnecessary for me to speak of the
rates Of transportation. The. transportation
question has occupied your minds for years,
and the matter Of rates has been ''cussed''
and discussed to such extent and has
been elucidated by so many incomprehensible
platitudes of law fiction and imagination that
the wonder is that the reasons have not been
dethroned, and that the heterogeneous mass
or Vagaries about reasonable rates have not
driven the whole chamber into a lunatic asy-
ium So, just for a change, let us talk of
other rates which are even more fundamental
because they are the basis of the transporta-
ton rates. l refer to
INTEREST RATES.
Every panic seems to squeeze something out
OF the interest rates. The crisis of 1873
squeezed the rate for permanently invested
capital from to per cent Prior to 1S73.
with per cent interest rates. only two lines
OF railway, with inferior construction and
equipment, were built into st. Paul from the
East and few hundred miles were started
towards the West 1t was the per cent
interest rates which followed the panic Of 1874
which built the four additional Chicago lines,
the 500 line, and then completed the Western
systems to the Pacific, and has brought them
all 10 their present comparatively excellent
conoltlon 1t was the per cent rates which
punt the stockyards and packing houses at
ether business blocks of your city, paved your
streets, completed your water works and
sewerage systems. and built your street rail-
way It was the per cent interest rate which
made the present milling business at Mime
apolls and Duluth, and the mining industry
Qi the northern section of the state possible.
II was the . per cent interest rate which
was the basis of the last boom.
The panic Of 1893 has squeezed another .
per cent out Of the interest rates of ner-
n ma9ent capital The 3 per cent rate has al
ready come in the same sense and in the
same same way that the per cent rate came in
1919. Now, as then, the great corporations
ana nrms Of the best credit are getting the
lower lower rates The Lake Shore, the New York
Sensfal e,s5i ana other railway companies are re-
Iuholng their and per cent indebtedness
contracted thirty years ago. at per cent. and
from this time forward 3 per cent will be the
rate on such permanent Investments in inst
the same sense that ) per cent has been the
rate since 1878. No new enterprises renuir-
ing permanent investments viii be under
oa,d oaken py prudent people at a higher rate.
ana values of all kinds will gradually he re-
ad1usted on the basis of the lower rate of in
come. The } per cent rate will be the basis
OF the next BOOM" and a great deal of
growth VIII be found possible with the per
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-15
cent rate, which was impossible with the
per cent rate.
PROFITS SQUEEZED

The interest rates are not the only forms Of
income which have been squeezed. The con-
ditions which eliminated in the panic Of 1893
have not only squeezed the interest rates,
but they have squeezed the profits Of trade
and production. The merchants and manu-
facturers are carrying on their occupations
today upon a much smaller average percent
age of profits than in former times. You
are expecting that when times improve you
Will be able to get back your old percentage
OF profits but there is nothing in history Of
panics which justiies such expectations. Ev-
cry merchant and every manufacturer who Is
wise should look this proposition squarely in
the race, and begin to put his house in or
DER for continuance of the present low
margins OF profits.
The low percentage of profits will COM
pei reduced expenses Wages alone cannot
stand the necessary reduction. Therefore the
rates Tor the temporary use Of capital that
is, the bank rate, must be reduced. There is
one pecul1artty about the American system of
nnance which Is entitled to your serious con-
sideration. In every other commercial nation
the temporary or bank interest rate is lower
than the permanent interest rates, while in
the United States the bank rate has uniform
iy, except perhaps in the great centers, been
higher. Such conditions are unnatural and
Illogical. When the permanent rate is per
cent the legitimate and natural bank rate
should not be over per cent, and the future
profits of business will not admit larger
bank rate. This is feature of the business
problem which has not been much considered
but it has now become a practical problem
which must be solved in the near future
Ing per cent Dd0h rate does not depend
upon an increase in the money of the country
because banks do not loan money hence
while money is an essential factor in bank
ing, 1t has only remote relation to the bank
rate.
BASIS OF PER CENT RATE.
The basis of the per cent rate rests upon
the nature of banking. A very high authority
on banking. after exhaustive discussion
of the function of banking says:
Thus 1t is seen that the very essence and
nature of bank is to create and issue cred
Its payable on demand, and this credit is
intended and does circulate and perform
the functions of money. bank therefore is
not an Office for borrowing and lending
money, but it is a manufactory of credit
1t is these banking credits which are the
loanable capital. So we ought not to speak
of the money market, but of the credit mar
ket''
Lord Chancellor Cottenham, considering it
from judicial point of view, said:
1t Is often the custom of persons to saw
that they have much money at the bank.
but such an expression is wholly erroneous
and misleading; they have no money at their
bank; they have nothing but an abstract
right of action to demand so much money
from their bank"
Another writer says:
The function of the bank is to create
Continued ON Seventh Page.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-15

1t is apparent that there is a slight
tendency toward exaggeration in the
Alaskan country. The Stikeen River
Journal, published at Fort Wrangel
Alaska, says: I'VE are advised that
three-quarters of a million people are
now on the move to Alaska"
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-15
MOVEMENTS OF STEAMSHIPS.

dam.
LIvERPooL-Arrived: Pennland Pbila
delphia. Sailed: Nomadic, New York
BOULOGNE - Sailed: Rotterdam, New
NAPLEs-sailed: Ems, New York
MoVILLE-Sailed: Ethiopia, New York.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-15

Havana authorities are shortly to is
sue an edict forbidding the gathering
of groups of more than four persons
In the streets or squares of the
city. What is the Salvation Army go
Ing to do?
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-15

1t is hard to keep a good man down
Alonzo j. Whiteman, formerly promi-
nent in Minnesota politics, has made
the Columbia National Bank Of New
York pay him 81, 500 for false imprison-
ment
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-15

1t is announced that Russell Sage's
Cay in Wall street is passed. NOBODY
is going to weep over that, not even
his relatives. He might hunt un
p. Hutchinson and. exchange condo
lences.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-15

The New York Journal is at the head
OF cyclone that is moving down the
fences of William Jennings Bryan in
the East And George Fred Williams
several hundred miles away.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-15
VIGOROUS WAR If IT IS NECESSARY
Spanish Navy Will Be Given No Chance to
Attack American Cities.
Latest AdviCes From Havana Report
That Order Has Been Completely
Restored.
PERFECTLY
TRANQUIL.

JACKSONVILLE, Fla. Jan. IA
special to the Times-Union and Citizen
from Key West, Fla. says: The Mar
blehead sailed tonight at 1O:45. The
Maine received telegraphic instructions
previous to the sailing of the Marble
head.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-15

Where is the man who said this was
going to be an awfully hard winter be-
cause the musk1 ats were building their
houses unusually high?
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-15

Evangelist Moody has turned his
batteries on New York. A lot of our
foreign missionaries might do a lot
of good in Gotham
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-15

Dawson City is getting civilized. It
has had an elopement. It takes nerve.
too, to elope from that town into the
great nowhere in particular.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-15

Beginning with Hanna and ending
with Goodnow, Mr.. Mckinley has sur
rounded himself with a lot of "yel-
low statesmen.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-15

An Aberdeen man is reported 100 tons
Snort of coal. He won't mind it this
weather half as much as his hackers
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-15

Gov. Bushnell didn't know whom to
send his congratulations to, so he didn't
send them at all.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-15
EVENTS TODAY.

Met-Secret Service, 2.3O, SIS.
Grand-Fitzsimmon 2.3O, SIG.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-15

This is a good time to discuss wheth-
er to let the nine players or the UNI
pire do the umpiring.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-15

Mr.. Sewall, of Maine, and Mr.. Wat
son, of Georgia, are maintaining a sus-
tanned silence which is very pleasing
to the people.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-15

Klondike lovers have a good excuse
Tor sitting in the dark. Candles cost
90 cents apiece up there.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-15

To think that Corbett and Fitzsim-
mons would come to this. John L. Sui
Ivan is making sneering remarks about
them.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-15

The railways have cut the flour
rate; the millers haven't.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-15

Some of the Ohio forecasters should
have gone into some other business
Sbefore going to Columbus.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-15

The Milwaukee Sentinel has cut it's
price to cents. 1t has been 2-cent
newspaper for several years.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-15

Zola should know by this time that
his business is writing novels and not
letters.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-15

Mob law appears to be the only thing
that pleases Cuba.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-15

Congressman Johnson has recon-
mended the following postoffice an
pcintments in North Dakota: Fred
kuesel, Richardson; A. Lincoln. Cell.
Aifred S: Venby, Hastings; John H.
Movius, LidgerwoOd.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-15

John NJ, Underwood is still here look
ing after the fate of a bill which would
give the company he represents a right
OF way from the coast to the Yukon
river, but the prospects are not so good
today as they were a week or so ago
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-15

Continued ON Seventh Page.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-15

Col. w. S. King, of Minneapolis. ar
rived here this afternoon He is inter
ested IN securing right Of way for a.
transportation company between the
Canadian line and Skaguay.