davidaulloa/AmericanStories huggingface dataset:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-01-28

A special dispatch to the Cincinnati
ENQUIRER of Thursday from New York
has for caption 1.-THE Oversupply of Mon
ey" The tenor of the whole dispatch is to
show that there is more money in New
York than can command the lowest rates
OF interest ever known. AS the Enquirer
is regarded as the leading advocate of free
and unlimited coinage of 10 or 80 cents
worth of silver bullion into legal-tender dol
lars on the ground that there is not suffi-
cient money in the country, the statements
in its special dispatch are so interesting
that it is well to give the following extracts
t,.crefrom:
Money rates have absolutely collapsed
and some very large loans are being Of
fered at bottom rates. One of the large
concerns yesterday offered $1,0O0,000 at less
than 2 per cent. on short-time loan, and
several offers of money at liz per cent.
have been also made. The mercantile de-
mand for money is very fair, but ii is far
overshadowed by the enormous offerings
Thus while the paper from which the
foregoing was clipped prints the speech of a
slver-mine millionaire to show that the
country languishes because Congress does
not give him 200 standard silver dollars for
reporter of the conditions of the money
markets shows that money was never so
plentiful, and that fair business demand for
funds SIS far overshadowed by the enor-
nous offerings" Continuing in this line
the reporter on the markets OF New York
says:
The agitation for lower interest rate by
savings banks has had the effect already of
inducing some depositors to withdraw their
money and seek q better rate of interest
in good bonds. A large house received or
ders yesterday for bonds yielding a little
over per cent for the account of several
people who have kept the money in savings
banks.
The foregoing simply confirms the state
ments which have been telegraphed and
published in newspapers time and again to
the effect that savings banks have been
compelled TO announce that hereafter not
over to Sis per cent. interest could be eX-
pected from deposits. Life insurance COM
panies. IL has also been announced, will be
compelled to advance policy rates because
of the lower returns upon loans. The west
ern farm mortgage. so greatly reduced in
volume. is taken up by investors before it
reaches the Eastern market.
The dispatch goes on 10 show that at the
present time ''there is some talk of gold
importations" because the return of Amer
lean securities has ceased and because of
the continuance of the decided balance of
trade in favor of this country la the
same connection the reporter Of business
declares that the leather market continues
to improve under the expanding activity
OF the shoe trade The dry goods market
has firmer tone, and there have been sub
stantIal advances in wooIens over last year.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-01-28
BRYANITEs TRYING TO GET COM
FORT

The local organ of Organism seems TO de-
rive great deal of comfort from the fact
that a few delegates from New York came
to the monetary convention prepared to OPP
pose the banking feature of the commits
son's plan and did file a statement of their
dissenting views The Bryan organ calls it
"a protest and gives the incident as much
prominence as if it had been the chief
feature of the convention. The gentlemen
who filed the statement did not call it a
protest, and they offered it simply as indi-
eating a difference of opinion regarding one
feature of the commissions plan. Out of
nearly four hundred delegates it would have
been very strange if there had been entire
unanimity on every point The wonder is
that there was near an approach to it
and that the convention as a whole finally
adopted the commissions plan without a dis
senting voice. The New York delegates who
filed their dissenting views on the banking
question represented only one commercial
organization in New York city out of six
that sent delegations and all the rest-the
delegates of the Board of Trade and Trans
portation, of the Coffee Exchange, of the
Chamber of Commerce and of the Produce
Exchange-heartily Endorsed the commits
sion's plan. The dissenting delegates were
only five out of twenty-nine and even they
did not vote against the adoption of the
commissions report
From what has been said it is evident that
the so-called protest carried no weight be-
yond mild expression of difference of opin-
ion, and this expression contained no COM
fort for the Bryanites. The statement
shows that the gentlemen who filed it are
in favor OF maintaining the gold standard,
in favor of the retirement of the green
backs, in favor Of the government getting
out of the banking business. and opposed to
the free coinage of silver. If the Bryanites
can extract any comfort out of such "a pro-
test as this they have a remarkable apti-
tude for the pursuit of happiness under diff
culties. AS a matter of fact the five dele
gates from the Merchants Association of
New York were as strongly in favor of cur
rency reform and as bitterly opposed to
Organism as the twenty-four delegates from
the other five commercial organizations.
They differed from the commission, how
ever, on the point of allowing banks to
issue notes based in part on their business
assets, and recommended instead an issue
of longtime, Iow-interest bearing bonds to
be used by the banks the basis for cir
culating notes. This was feature of the
Gage plan, and has many supporters. AS a
banking method it is entirely consistent
with the fundamental principles of cur
ton to Organism. The so-called protest
was merely an expression of difference of
opinion on nonessential point. Nobody
-7iil hegrudge the Bryanites any comfort
thew can get out of it.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-01-28
INDIANA REPUBLICAN EDITORS.


There are few occasions of greater i'm
rortance to the Republican party than the
annual meeting of the Republican editors of
the State. While they consider many mat
ters of special Importance to their bust
ress, more time is spent in conference and
discussing the policy which they will pursue
in campaigns. With the passing of the
years the Republican publishers and ed
itors of Indiana have come to feel that they
have an employment second to no other
in Importance, and business which be-
ems. Some years ago the Republican pub
Usher ceased to be regarded as a person
more than half dependent upon the charity
of party men. The carefully managed
county Republican paper has made the pub
Usher an independent man with bank ac-l
count, sometimes small, but generally suf-
ficient to cause him to feel that he is not
one for whom the hat can be passed
around. Many of these county Republican
papers have become, under careful bust
ness management, valuable properties. This
fact is of as much Importance to the pub
lie and the party as it is comforting to the
publisher, because it enables him to speak
with greater freedom and power.
The editor of the Republican county pa
per usually fails to secure the recognition
his due for the work he does for the ad-
vancement of the cause 1t is because his
work is silent and continuous. He does not
receive the applause of the campaign speak
er. but he often furnishes him with facts.
Those who read the county papers, speaking
for the best of them, will be found stand
ing firm in the party faith. No urging is
needed to get such a reader to the polls; on
the contrary he is always in line ready for
battle. Such readers do not need the cam
paign revival to bring them to a sense of
duty.
In 1895 and 1896 the vigiIant county Repub-
lican papers in Indiana had the silver her.
esy well in hand before national commit
tees and other Observation-Disclosures We're at
work While many were waiting with
two or three insignificant exceptions, the
Republican editors were in the field doing
effective service Other and more preten-
tious agencies, like the chairman of the
congressional committee and members of
other committees claimed the credit of the
work but observers know that the best and
most effective fighting was done by the
Republican local papers. And yet while
of those papers displayed a modesty which
less effective workers will do well to rec
ognize hereafter.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-01-28

significant character compared with the
weight of influence from New York city
arc set forth in another article on this
page Of the Journal. The Associated Press
dispatch magnihes it into a very important
incident. 1t begins by saying:
The Merchants Association of New
York, representing thousands of business
through its representatives sent TO the
monetary convention has announced that
the bill Incorporating the plan OF the COM
mission will be fought in Congress in it's
present form, and that changes must be
made.
The spirit of this opening sentence is con-
tinued through dispatch of considerable
length, every line of which IS plainly in
tended TO belittle the effect and influence
of the convention and create the impress
sion that it's action was not harmonious
and was the result of gag rule. Nothing
could be further from the truth. OF the
five delegates out of four hundred who filed
the so-called protest, not one voted against
the report and plan of the commission, and
several of them showed by published in
terviews that they were heartily in sym
pathy with the fundamental principles of
the currency reform movement. The Asso-
ciated Press dispatch is a fragrant and
for the distortion of an unimportant Incl
dent to the injury of a great popular move
ment
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-01-28
FEASTED ON BUFFALO.
livestock Growers tsiven "a Rare
Treat at Barbecue.

DENVER Gel, Jan. 1.-THE National
stock Growers convention, which has been
i'm session here for the past three days.
closed this afternoon with a grand barbecue
at the Union stock yards. The affair was
notable from the fact that it was probably
the last barbecue that will ever be given
at which buffalo will be feature OF the
menu. The bin Of fare contained buffalo.
elk. antelope quail, opossuIn and other
game as well as beef pork and mutton i'm
large quantities The arrangements OF the
feast had been made with great care and
hundreds OF walters We're kept busy for
hours attending to the wants of the guests
An executive committee with one member
from each State was selected. Governors or
States not represented being empowered to
appoint members for their States. Denver
was selected for 1eXt years meeting.
resolution was adopted instructing the ex-
ecutiVe committee To endeavOr to devise
WAYS and means TO erect stock growers
building at the Omaha exposition. The COM
mittee on resolutions made its report which
was adopted. IL touched on governmental
duty 10 the live stock growers and opposed
the anti-Vivisection bill. A resolution favor
ing the cession Of arid lands TO the State
was defeated. a paper on Dairy Inter
ests.' by Henry Wallace. editor of Wall
lace's Farmer. Des Moines, la. was pre-
scented. The convention then adjourned sine
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-01-28

ond class at the expiration of the fourth
year, and of the third class at the expira-
ton of the sixth year. 50 that one-third
may be chosen every second year Under
this provision third of the entire body
is elected every second year, and always
for six years. The phrases long term and
short term arise in case a senator dies
or resigns during his term in which case
the Governor fills the vacancy by appoint
ment till the next meeting of the Legisla-
ture, when the latter elects senator to
fill out the unexpirel, or short term. Also,
when new State comes in two senators
are elected for six years, and after their
admission to the Senate they either settle
the matter by agreement or draw lots for
the six and four years term, thus keeping
up the equilibrium as TO the time of future
elections
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-01-28
THE MONETARY CONVENTION.

If the Senate and House contained half
the brains and honesty represented by the
delegates at the Indianapolis monetary con-
vention this week currency reform would
soon be accomplished. The delegates rep
resent the cream of the. business world
Frankfort News.
The monetary convention is attracting the
attention of the country, and it is believed
that its recommendations for currency re-
form will eventually be enacted into law
And 1t is safe to say that law formulated
by the great business interests of the coun-
try Will be good laW-one that will meet
the requirements of the people.-Greens-
burg Review. 1++
The Indianapolis monetary conference
was composed of successful well-informed
men of affairs. The delegates were, not poIf-
ticians nor aspirants for office, though this
fact alone is not material in estimating
their worth or wisdom. The fact that they
were not place-Seekers, however, invests
their efforts with sincerity and unselfish-
ness.-Kokomo Tribune
Such body of practical. successful bust
ness men does not often assemble, and their
deliberations should result in much good.
The addresses that will be made and the
action that will be taken should and no
doubt will have it's effect upon Congress-
stimulating it to action. such as will give
us a permanent and stable Sound-money
Observation-Disclosures News
The monetary convention at indianapolis
is not meeting of bankers, as represented
by it's opponents. The list of delegates
shows a large majority to be engaged in
trade and commerce, men who know the
value of a sound currency and who at
great sacrifice of personal interests are
willing to contribute what they can to the
welfare of the general public.-Lafayette
Courier
1t is to be hoped that the monetary con-
vention at indianapolis will bring all the
influence it may possess to bear upon Con-
gress to secure speedy consideration of and
action upon the question of currency re-
doubt that any financial Legislation is pos
Sible' at this session, but their doubts
should not be allowed to settle the matter.
-Terre Haute Express.
The meeting of the monetary convention
at Indianapolis is an event that will go into
history as one of the most remarkable and
unique semi-poltical incidents of our land.
-Four. hundred men of all classes. from all
sections, in all kinds of business, represent
ing all political parties if not all partisan
organizations, meeting on common ground
for the purpose of expressing themselves
on the great question of financial reform,
is unusual and Observation-Disclosures Re-
view.
Even the latest development in the Cuban
question does not detract from the univer
sal interest manifested in the work of the
monetary commission. The report of the
commission is being discussed in all it's
bearings, and while there is, of course, diff
ference of opinion as to matters of detail,
yet the report, on the whole meets with
very general approval, and the sentiment
is growing stronger every hour that some
legislation can be expected.-Fort Wayne
Gazette.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-01-28

1t seems that the constitutionality CT the
law passed bv {se last Legislature regulat-
ing the practice c9 nledicine in this State is
to be attacked in the courts A doctor of
the peripatetic school who lives in Detroit
and practices at intervals IN Ohio and In
diana proposes to test The question whether
a licensed physician Of another State is not,
by that reason entitled 10 a license in this
State. The Constitution of the United
states vests the regulation of interstate
commerce in Congress. but is silent regard
ing interstate doctors. Many OF the States
have Iegislated on the subject, and no doubt
st is a proper subject of state legislation
but such laws should not be used to dis
climinaie against or perseeuts doctors who.
qualified and competent in ether respects.
violate the code ny advertising. Advertis-
ing is not a violation OF the moral law nor
made crime by any law of the State. on
general principles It would seem that u
physician licensed to practice under the
laws Of another State should be entitled TO
practice IN Indiana. The law gives the
state Board large powers. but they should
not be exercised arbitrarily. Other things
being equal, an interstate doctor may be as
good as one who does not cross the state
lines.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-01-28
DIED in A MADHOUSE.
Fate Of ~ Buda-Pesth Bankers Son
Whose Wife Was UnfaithfuI.

CHICAGO, Jan 27.--Edward w. Ohrn-
stitch, heir to one million forms ($4OOOOO), in
Buda-Pesth Hungary, and for whom the
police have been searching, lies in pau
per's grave in the potters field, while
agents and lawyers are searching the world
over for one of the heirs to the millions of
Buda-Pesths greatest banker, the object of
their quest occupied a maniac's cell ut the
county asylum here. Ohrnstich died under
his right name, but with a paupers number
opposite on the books of the asylum. let
ter was received yesterday by Chief of De-
tectives Coleran, requesting him to look for
Ohrnstich. The .etter came from Buda-
Pesth and said that fortune awaited Ohrn-
stitch, as his father had died recently. To-
day Attorney n. j. Waidman called at de-
tective headquarters and told the story of
Ohrnstich's fate Waldman. who claims to
be an old schoolmate of Ohrnstich, said the
latter died insane, TT result of his wife's
alleged infidelity. Mis-. Edward w. Ohrn-
stitch was considered enc of the most beau
tiful women in Austro- Hungary when she
married the son of the banker. She reigned
as the belle of society in that city until
rumors of her infidelity became current.
She is now. says Waldman, living as the
wife of a French noblemap. an officer In the
French army, When young Ohrnstich
learned the state of affairs he parted from
his wife and soon after came 10 America,
arriving in New York in October, 1890. lie
secured employment with A. II. Hooner.
New York bond broker, and came to Chi
cago as the iatter's agent. He soon after
called on Waldman. who noticed that
Ohrnstich was not in his right mind. Ohrn-
stich;s .uecuIiar actions attracted consider
able attention at the Great Northern Hotel,
where he was stopping, and he was finally
arrested and sent 10 the House on 1oTrec-
ton for disorderly conduct where he re-
mained for thirty-three days. and Waldman
lost sight of him. Shortly after Ohrnstich
was discharged he was again arrested ana
this time sent to the Detention Hospital;
On Nav 90 1897. he was declared insane and
Committed to Dunning. He rarely could be
prevailed on to eat and on Nov = he died.
BY Il strange coincidence Ohrnstlch father
died on the same day as his son was COM
mifted TO the asylum. Up to the time OF tbs
commitment Ohrnstich Is said to have cor
RESPONDED regularly with his relatives, but
his letters suddenly ceased and all trace OF
him was lost until recently. Ohrnstich. ST.,
was the owner Of the largest bank in Buda-
pesth and was worth fifteen million HORNS
when he died In his will he left one million
forms to his son Edward. lie lett q WldoW
ord fhrae ofhQf children.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-01-28

A. d. Andrews, III Scribner
Many will still remember the curious old
fashioned ballot boxes. One is still carefully
preserved iii the election bureau, a souvenir
OF the Tweed regime. 1t consists OF a very
heavy glass bowl, set in heavy and some
what ornate iron frame. The bowl has a
large, round opening at the top, through
which the ballots were dropped. The sur
vivor at police headquarters now contains
a number of goldfish, use for which 1t IS
admirably adapted. One of the oldest and
most trusted officials of the election bureau
recalls having seen, when a boy, a use, or
rather abuse. of one of these boxes not
wholly authorized even at that time. Dur
ing an election in this city political leader
and all-around tough character placed him
self in position so that. as. he leaned upon
a table in the polling place, his hand fell
carelessly across the edge of the opening
in the glass bowl. From his closed hand
slowly descended into the ballot box a
stream of ballots of the small, tightly fold
ed kind then in use. An exclamation from
the boy resulted in his being pitched head
first into the street, a sadder aiio wiser lad
but with his confidence in the purity of the
ballot considerably shaken. Possibly that
lesson in some degree shaped his subsequent
career and accounts in q measure for the
integrity and zeal with which he has since
served the city in the election bureau for
more than twenty years.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-01-28

III the face of such facts as these the de-
mand for free coinage in order TO in
crease the volume of money is absurd. ana
all of the intelligent readers Of the Is TO
papers would be convinced of the absurdity
il they could be induced TO print market
reports in parallel columns with the speech
es of the silver mine syndicate, their paid
agents and their unpaid political dupes.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-01-28

evolving the following note, which he sent
10 his wife by a messenger boy: atthe
Office 5--5Op. m, DEAR MILL e: l shlal
not be xxXxXxXXxXxxat home his even
nenig until until vrey very xxxxxxx late do
not wait fl for mEA a A ellen w no Has
Aclient with whom haev an appointment
IS xxxXxxxXXc cmoing to consult consultme
x ii vii take al al all mountaineering
your lvoing husgxxxxxx husband. j.: hiram
az Il know Hiram wrote it, exclaimed
Mrs. Sharpsett. after she had read it.
Whose Ks are where he SWore."
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-01-28

c. T. O., Odon, Ind: The Constitution
says mo political or municipal corporation
in this State shall ever become indebted,
in any manner or for any purpose, TO an
amount in the aggregate exceeding ? per
centum on the value of the taxable prop
erty within such corporation, to be asccr-
tanned by the last assessment for State and
county taxes previous to the mourning of
such Indebtedness, and all bonds or obliga
lions in excess of such amount, given by
such corporation shall be void This pro-
vision applies to townships the same to
counties and cities The people of a town
shin might vote cash subsidy to a rail-
road but they could not incur township
Indebtedness in excess of the constitutional
limit. 2 The Constitution of the United
States says: The Senate of the United
States shall be composed of two senators
from each State chosen by the Legislature
thereof for six years Immediately after
they shall be assembled in consequence of
the first election they shall be divided as
equally as may be into three classes. The
seats of the first class shah be vacated
at the end Of the second year. of the Sec
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-01-28

The new agreement between the coal CO.
orators and miners, at Chicago. is very in
portant in more than one respect. 1t will
prevent a general strike for more than a
year at least. 1t secures an advance of 10
per cent. in miners wages. making an ag-
gregate Increase of about S.c900OO a year TO
The miners in West Virginia. Pennsylvania,
Ohio. Indiana ard Illinois. and it establishes
eight hours 10 a days work. The settle
ment of these Goints may have far-reach-
ing effect.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-01-28

If ex-Priest Dent wants any damages
worth considering, or that would pass as
legal tender for anything more valuable
than three postage stamps. he should see
that his judicial board Of appraisers is not
composed of those who assessed Anthony
Comstocks character.