The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1900-01-04
IN OLD ARLINGTON
The Battleship Names Dead
Were Laid to Rest.
Interesting News From the Nations
CAPITALIZATION Fund
Closed.
WASHINGTON, December 20, 8l99.

They deserve all the nonOr we can
pay them" said President McKin-
ley, speaking of the crew of the battle
ship Maine. The remains of l50 M en-
bers of the crew, brought from Hava ma
on the battleship IT, xas, commanded by
Capt. Sigsbee, who was commander OF
the Maine when che was blown up,
have, after a funeral which was i'm
pressively simple, been given final in
terment in beautiful Arlington, on a
covered knoll near which sleep
the dead soldiers from Santiago, who
helped avenge the destruction of the
Maine. The funeral arrangements were
in charge of Capt. Sig.bee, and Chap
lain Chadwick, who made name for
himself by his good work when the
bodies were being recovered from the
wreck of the Maine, and it was la.
was a labor of love for them. President
Mckinley and every member of his
Cabinet attended the funeral. By order
of Secretary Long wreath of galax
leaves was placed upon each casket, as 1t
was lowered TO its final resting place.
President Mckinley hopes to see Con-
gress, at the present session, provide for
the erection of monument to the Maine
dead
Speaker Henderson did not leave
Washington during the Congressional
recess, but took advantage of the op.
portunity to catch up on lot of work
which his duties as Speaker had pre-.
vented his doing before.
| When the committee of army officers
! appealed for contributions to the fund
for the widow and children of Gen.
Lawton they only expected to get
enough to take up the mortgage of Gen.
Lawton's California home, but the con.
tributions have been go numerous and
liberal that they now hope the fund will
reach 100000 by January 1st, when it
will be closed.
Mr.. J. N. Adger, of San Antonio, Tex,
who is visiting Washington, said Of sen.
tment in his State: "a great many
down our way look upon the abandon.
ment of silver by Congressman Sibley,
of Pa, as the most significant recent po.
litical happening. Where l live, free
silver sentiment has been greatly on the
wane, and the speech of Sibley will have
nc small effect, in spite of the distance
at which it was delivered, in convertin g
many others, who even now are inclined
to believe that the 16 to l policy is a
| great delusion. 1t would not greatly
surprise me to see Texas sound money
State in the near future, though the pol.
iiicians may hold it in line for
Bryan just one more time"
Mr.. Roberts, Director of the Mint, who
is recognized as an authority on finan-
cial matters, disposed of the Democratic
claim that the recent furry in the New
York stock market was caused by an in
sufficiency of money in circulation when
he said: mo possible supply of money
can prevent stock exchange panics or
periods of monetary stringency, because
speculation and rising prices will absorb
any possible increase until the pressure
for ready cash is just as great upon the
new plane as it was upon the old. The
cry for more money is as unappeasable
as the demand for more wealth. A new
supply instead of satisfying the demand
stimulates it. Men want money to buy
things with, good things that they think
are going higher. Given easy money in
the banks and we have bankers en-
couraging borrowers. ASS result, stocks
60 up, and as they 60 up more people
want to buy, and 80 the demand fol
money increases. You can't furnish
money fast enough to meet the demsnt
of all who would like to borrow, while
prices are going up, nor could all thu
gold and silver mines in the world to
gether keep prices going up forever
The real secret of these reactions is il
speculation on margins, Those people
who are crying that they have beer
forced to throw away their property hat
never paid for their holdings. The!
borrowed money on call to make small
payments, hoping that right turn in th'
market would give large profits. Blu
in that class of operations losses come a
easily as profits"
The contest before the Senate Elec
tions committee, involving the seat nov
held by Senator Clark, Of M Montana, is h
be taken up and decided as sool
as Congress reconvenes. 1t is going t.
be quite costly affair for the Senate, q
about eighty witnesses have been sum
moned to come from Montana. Tn
mileage and pay of these witnesses alon
will cost in the neighborhood of $500
aud it is estimated that $4,000 NOR
will be required to meet the other OK
penses of the contest. Senator Clarl
expresses confidence in his ability to alb
solutely prove that the charge of briber.
was brought against him as part OF
conspiracy to get him out of the Senate