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The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-10-15
OFFICERS

Business entrusted to our care VIII re-
cclvc prompt and careful attention.
The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-10-15
Robhcd tho Grnre

Remember the name : Doan's and
take no substitute.
The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-10-15

Iowa stands first. with forty; then
The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-10-15
Bonds Not Proper Ba
sis for Bank Currency.


I. is claimed by the opposition that
the act Of Congress of March l4th was
purposely designed to perpetuate the
public debt In order, to furnish TO ma
tlonal banks the security necessary for
them to continue their nefarious prac-
tice OF notc-lssuing. Such n conclusion
Is an assumption pure and simple, There
is no need in the nature of things for
continuing the public debt to furnish
the basis for proper, ample and we'll
secured system CT paper money. No
other country except the United States
has such n system, and looking back
ward TO u period prior to tho civil war,
we find In what is called the New Eng
lnra system OF, banking. In that OF In
diana, Iowa, and other states, safe
methods for tha future. should the pres
Ont public debt be fully pa!iI.
|; ought 10 be further pointed out that
in the refuntlrg act OF March 18th,
which provided for thirty year bonds TO
be issued ut the rate OF . per cent per
nnnum. and exchanged for the present,
3.t ana per cent outstanding bonds Of
the United States maturing on Or be-
fore 1905. power was given to the secre-
tary OF the Treasury TO suspend nj any
time the operations OF the act. There
we're on March 18th last. outstanding
and maturing In the years 1901, 1907 and
lacS n total OF $3.50 100000 of such bonds.
iof these 1927 100000 have already been
taken In By the government. cancelled,
ind per cent bonds TO an equal amount
issued In their place: this with n net
gain TO tho government. or what COM
.merc!al man would call profit. OF over
;sS.ooO,0Oo Now, no conservative man.
would for n moment cxpcc, to retire NIB.
isolu,ely within the next seven or eight
Years so large u volume OF bonds MS
$3.50 100000. The burden OF taxation
upon the people would be unnecessarily
'Graat; especially 30 when this burden
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-12-15
PEACE IN CHINA.
Chang and Ching Ready to Proceed
for the Emperor.

Chang and Ching Ready to Proceed
for the Emperor.
PEKIN, Thursday, Dec 13-Li Hung
Chang and Prince Ching have sent an
official notification to the ministers that
they have received the prinised docu-
ments authorizing them to act N behalf
of China in the peace negotiations and
announcing that they are ready to pro-
coed as soon as the ministers desire.
The fact that Sir Ernest Satow, the
British minister to China, has not yet
received authority from the home gov
eminent to sign the agreement causes
establishment here, as it is felt that the
others powers having agreed there can
be nothing In the joint note to caus
Great Britain to refuse to sign.
Mr.. Conger says he believes China will
Immediately accept the terms imposed,
and that she has it in her power to COM
ply with the majority of them before
spring, while the others can wait.
On account of the frost the court will
not be able to return to Pekin, nor will
the troops be able to leave until April,
when, if the peace conditions are COM
piled with, it is believed all the allied
forces, except the legation guards, not
to exceed a hundred men for each power,
will leave Pekin, remaining until fall on
the coast between Taku Shan-Hai-K uan,
available If necessary, or ready to be
withdrawn for If China cannot behave
as civilized power, with military COM
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-12-15
GENERAL TRADE IS GOOD
EASTERN SECTION OF THE COUN-
TRY LAGS BEHIND
LITTLE
SCARCITY IN COAL IS FELT
Sharp Advance in Price the Result
Iron Trade Active, With All
Mills Busy, Many Work.
ing on Old Orders.

NEW YORK, Dec. AR. G. Dun &
Co.'S weekly review of trade tomorrow
will say: Holiday trade has increased
moderately. and in wholesale staple lines
no relapse is seen. either in volume of
transaction or in prices Cold weather
has helped New York. but it is still
behind the rest Of the country for some
recent losses from failures in the textile
markets have fallen rather heavily here.
Collections in the country continue good
and this relieves anxiety which might
be otherwise felt over the rates for
money. Me1 chantS' accounts are in good
position, SC that, new scales of CONNER
cIaI paper are light even for this season.
Industrial conditions continue with no
great accumulation of new merchandise
in any quarter. In spite of the break in
cotton the market for fabrics is still in
good position, sellers having little to Of
fer and nothing at cuts in prices.
A sharp rise to a minimum of S4.Sj
in wholesale price of coal, fully % cents
in two weeks, reflects actual scarcity of
the product more than negotiations to
harmonic the trade.
Even the estimates did not equal the
actual decrease in furnace stock of pig
iron during November, which amounted
to 81, $50 tons, according to the Iron Age.
This authority reported an increase in
weekly of capacity of furnaces In blast
to 22S,S46 tons on Dec. 1, which is the
first gain recorded since June. General
conditions as to partially manufactured
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-12-15

bales of American must either be heav-
lily curtailed or stocks will be reduced to
the vanishing point. The close of the
week finds future quotations 13c lower
and spot nc off. The goods market is
quiet, as natural at this period and
high cost of raw material and low cost
of finished products do not harmonic.
Early spring trade business, however, is
fairly satisfactory The lightweight
season in mems wear wooden goods has
proved disappointing, but womens plain
dress goods are we'll ordered. Rather
more has been done In foreign woods,
chiefly Australian, this week, and Mel
bourne and London advices are of lirm-
er markets. Low-priced domestic wool
is rather weak however.
Although steel plates have advanced 81
per ton, the demand is apparently I'M
diminished and large producers are re-
ported buying outside makes to fill cen
tracts. Pig iron IS dull, except cor
some new business at Chicago, and 25c
per ton has been conceded on Bessemer
at Pittsburg.
Wheat, including flour, shipments for
the week aggregate 4,7S5,5I7 bushels;
against 3,432, 159 bushels last week; $685.
$40 in the corresponding week of 1899;
5,243,S in 1898; 4604,399 bushels in 1871,
and 3,524, 1922 bushels in 1896. From July
! to date this season, wheat exports are
S6,017 003 bushels, against 97,569,922 BUSH
els last season and 109 720,S $50 bushels in
1889
Corn exports for the week aggregate
4,S53,45 bushels. against 5,371,3 T bushels
last week, 4017, 1876 bushels in this week
a year ago; 1881, 1886 bushels in 1898, 4,129,
S7S bushels in 1897 and 2S14, $50 bushels in
1896
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-12-15
Totals ........... $71,O53, 400 49,, 1851
WORLDS PRODUCTION

The world S production of gold in 1899
was of the value of 1906, 584, 800, an in
crease of $19, 156, 300 over the yield of
1898. The principal gains were Sc, 156, 400
in the United States, $685. 600 in Canada
(mainly in Klondike), and Australasia
ST., $50, 800 The most important loss was
in Africa, which fell about 600 be-
low the output of 1898, as a result of the
war in the Transvaal. The war broke
out in September and mining operations
in that field were almost suspended.
But for the interruption in the Trans
vaal the worlds production for the year
would doubtless have been s25, 100000
greater. The Klondike output for 1899
was about $4,000, 900. The worlds pro-
duction of silver in 1899 was 1924, 243
fine ounces, against 165, 1852 fine ounces
in 1898.
Mexico leads, and Mexico and the
United States produce two-thirds of tbs
silver yield of the world. The world s
industrial consumption of gold is esti-
mated at S7a, SIS, 500, and of silver $25, 510,-
0O0
Value of the product of gold and silver
in the world during the calendar year,
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-12-15
GOLD and SILVER OU|DJI
AS UMMAFIzED IN THE DIRECTOR
OF THE MINIS RE-
@Es PORT
fas,sn
: RECORD BREAKING YEAR
The United States Produced More
Gold in 1850 Than in Amy 9th
er Twelve Months of
i, Their History


WASHINGTON, Dec. 14.-The report of
the director of the mint upon the pro-
auction of gold and silver in the United
states during the calendar year 1893
shows only slight variation from the
approximate figures given out early in
the present year. The final figures are
Sd,O5l, 400 for gold and 1872, 1855, 700 for sill
yer at its average relative value during
the year The gold product was the
greatest in the history of the country,
exceeding that of 1898 by $3.50, 400, and
greater by $6,053, 400 than the estimated
product of 1853, the record year in the
working of the California placers. The
principal gains in 1899 over 1898 were in
Alaska, $2,934,7OO, due to the Cape Nome
district, Colorado $2,7S7,5OO and Utah ST.
165, 400.
The silver product of the United States
In 1899 was slightly greater than in 1898,
being 54,764, 600 ounces, against 54,438 900
ounces. The average price of silver dur
ing the year on the London quotations
was 60 cents per ounce as compared with
80 cents in 1898.
The following are the figures by states
and territories for the 1899 productions:
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-12-15
IRE WOOL MARKET.
business Active, with Tendency tn
Weaker Prices

BOSTON, Dec. 1.-THE Commercial
bulletin tomorrow will say of the wool
market: The corner seems to have heen
turned in the wool market. The demand
Is more general and weak. Very fine
wooIS are "a, little iirmer, especially staple
woods. Fine medium clothin-. tarritor,,
mas again been sacrificed at Is cents
clean. This, however, is strictly short
wool. Longer wool of the same grade
mas been sold at 4S and so cents The
i a OF the week is a big business in
australian quarterback cross-breeds
Nearly 100000 pounds of Australian 10, of
an KINDS have been sold South AmerI-
can English and Australian markets
have all advanced. ~ e'S
Inc sales for the week are: 1880 $50
pounds domestic and S91. 900 pounds forD
elgn, total of 1881, $50 pounds for +bis
week against total of 8, 1855, 600 pounds
Iast week. and a total of 5,436. 900 bounds
the corresponding week last year.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-12-15
BRADsTREET'S REPORT.
Best Trade Conditions Are in the
Iron Industry

Iron Industry
NEW YORK, Dec 4.-Bradstreet's TO-
morrow will say: Favorable conditions
rule generally in all lines of seasonabIe
trade. Holiday preparations are, of
course, dominant in retail business. and
where this has hitherto Jagged It has
been stimulated by more seasonahle
weather WholesaIa distribution is linn
tied, as natural at this period. but West
ern jObbers are in receipt of a fair reor-
der business. So far the best reports
as to retail trade come from the West
and South. In leading in iustries the
best report is still that made by fin
ished products of the iron and steel
Industry, but other favorably situated
lines are boots and shoes and lumber.
New business in the former is rather
light at wholesale, but manufacturers
generally are busily employed and
Leather is firm in sympathy. A good
export demand for the latter is noted.
Business in lumber is rather quiet but
wholesalers are preparing for a good
year. Hard woods are especially. firm
in price. Tine cereals are lower in
price, due to profit-taking on the late up
ward move the larger movement of
supplies, particularly of corn, which is
favored by the weather and to less in
terest on the part of foreign buyers.
The government cotton estimate OF TO-
10000 bales was larger than expected by
900 bales. The feeling is that, if the
yield does not exceed 1d,100. eco bales, con-
SUMPTION which last year was Il. oee. OeC
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-12-15
OCEAN LINERS.

BOSTON-Arrived: Ivernia, Liverpool.
CADIZ-Arrived: Montserrat, New York
for Barcelona and Genoa.
delphia
AUCKLAND-Arrived Mariposa, San
Francisco via Honolulu.
York.
HAMBURG Arrived: Cape Frio. New
York
LIVERPOOL - Arrived: Corinthian
Portland Norseman, Boston, Phila-
delphia, New York. Sailed: Ultonia,
Boston.
SEILLES-Arrived: Karamania,
New York, via Lisbon.
GLASGOW = Arrived: Californian
New York Sailed: Laurentian. New
York
MOvILLE-s SAILED: Anohoria. Glasgow.
for New York
GENOA-Arrived: Vera. New York via
Gibraltar and Naples.
QUEENSTOWN-Sailed: UItonia Qrom
LIVERPOOL, Boston.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-12-15

Mr.. Belmont was guilty of what his
physician thinks was grave indiscre-
ton An attack of grip had kept the
banker in his house for some days. and
as soon as he thought he was we'll
enough to go out Mr.. Belmont went to
New York to attend to several business
mtters. When he returned to Hampstead
a relapse followed. and for time it was
thought that his case was critical
Since then there has been a marked
change in the character of the illness,
and now DR.. Finn announces that Mr.
Belmont has typhoid fever.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-12-15

being supposed that the purchase was In
Fries interest Wabash securities are
also strong on reports of buying for con-
troll, and a number of low-priced stocks
like Texas Pacific have advanced. Specu-
lative attention has been diverted from
the Pacifics and other favorites London
is inclined to buy Americans, but there
has been further selling for Berlin ac-
count. Bonds are in good demand, lead
ing investment issues showing an adj
vancing, tendency. Foreign exchange
has declined on the advance in money.
demand sterling being heavy at $48412.
November export trade statistics con-
tribute another notable chapter to the
cGuntry's foreign trade, the total value
being $1S6,67S594, 16 per cent less than
that of December, 1898. but with those
TWO exceptions the largest monthly total
ever reported. November imports are
less IMAM half the exports. and the ex-
cess OF exports for the eleven months is
$572, 00G,0 OO 'l'' :
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-12-15

pulsion, it may be necessary to disme
Der the empire. Mr. Conger PERSONAL
believes that the Chinese have be-,
| taught lesson by the looting.
Col. TullOck reports the discovery q
the body of the man who gave the Bril-
1sh information regarding the treasuI
hidden, as alleged, by persons connecte.
with the Chinese court during the receI
flight. He had been decapitated. I'll
British have not yet reported the diI
covery of the treasure, but their retuI
is expected tomorrow.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-12-15
WEATHER FOR TODAY.

Fer Minnesota Generally fair Satui day
and Sunday; fresh southeasterly winds.
For Wisconsin-Fair in western, snow
in eastern portion Saturday; Sunday fair;
variable WINDS.
For Iowa-Partly cloudy Saturday; Sun
dav fair; easterly winds.
For North Dakota-Generally fair Sat
urday and Sunday; easterly winds, be-
coming variable.
For South Dakota and Montana-Gen-
orally fair Saturday and Sunday; variable
winds
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-12-15

JOHN F. Redmond and William O'Brien
the two spokesman of the parliament
of the irish people. now meeting in
Dublin for a re-crea ton of the Irish
party, are easily the most popular lead
ers Of the Irish parliamentary party Mr.
O Brien founded the journal United Ire
land, and was its editor until 1890 The
name of this paper may be taken as the
keynote Of Mr. OBrien's existence. He
has fought for his convictions in and out
OF prison SO long that one forgets he is
only forty-eight years old. Five years
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-12-15

Speculation Has Been Active, but
Largely Professional.

NEW YORK, Dec 1.-Bradstreet'
financial review tomorrow will say: Spec
ulation in the New York stock market
though active, has been of professional
character Public interest Is apparently
held in check by fears of tight money
and the APPROACH of the end of the bust
ness year. Important developments
have, however, occurred. the purchase
Of the Pennsylvania Goa! company by q
banking house identified with the an
thracite interests giving strength to all
the coal stock and to Erie securities, it
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-12-15
Ho,neseekers' Excursion Tickets

To nearly all points in the Unit
States on sale at all ticket offices of t
Chicago Great Western Ry on t
November and December, at the very ID
homeseekers' rate of one fare plus
for the round trip. Tickets good for i
turn within twenty-one days from da
of sale Persons contemplating a II
Western agent and obtaining detailed i
formation regarding the homeseekeI
rates, or addressing ]. p Elmer, G..
T. p, corner Fifth and Robert street &
Paul
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-12-15

ago he retired from parliament because
of contention in his party. His recru-
desCence as a statesman is an occasion
for JOY among his countrymen. Mr.. Red
mond, who acts as chairman of the Dub
lin meeting. has been in parliament for
almost twenty years. He has been one
of the most consistent and most vigorous
of the Parnellites since the division of
the Irish party. In the present reforma-
ton he is hand in hand with the bril-
liant editor, who has been true to the
memory of Parnell.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-12-15
BANKER HAS TYPHOID.
August Belmont, of New York, Sc
IiOusIy but Not Critically III.

NEW YORK, Dec IA bulletin was
issued from the sick room of August
Belmont, at Hampstead, this afternoon,
saying that Mr.. Belmont's condition had
been diagnosed as typhoid fever DR.
Finn stated that his patient was resting
comfortably. 1t is not known as yet
what caused the attack, but recently
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-12-15
Students Holiday

Excursion Rates.
Tickets on sale December 18th to
via the North Western kEne, at W
low rates for the round trip. Ticket
ces, 413 Nicollet Ave, Minneapolis,
Robert ST., ST. Paul.
Tickets good on all the elegant,
trains of this line.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-12-15
Bank CIeariuc-s

NEW YORK. Dee 1.-THE fol1o,,,;,,o.
Ia liable, compiled by Bradstreet's, shows
me pank clearings at the principal citfss
f cer+ tme week ended Dec 49, with the per
compared with the corresponding week
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-12-15
oIE MORE IS N he LIST
OF SSEsSNIENT INSURANCE Gov
GERMS FALLEN BY THE
WAY SIDE
ORDER OF CHOSEN FRIENDS
Receiver appointed by the Judge of
the Superior Court at Indian
a-:aiiS-AsSets OF Nom
iuuI Value.

INDIANAPOLIS, Dec 14-At 10 a. m.
today Attorney General Taylor, Auditor of
State Hart and Supreme Recorder 4. B
Linn, OF the Order of Chosen Friends.
with their attorneys, appeared in the su-
perlor court where the state asked for
receiver for the Chosen Friends, al eg-
ing that the order IS insoIvent
Supreme Recorder Linn admitted That
the facts set out in the application are
true. The state then asked that Thomas
AounJ chief secretary in I.inn's ONCE.
be named as receiver.
The court refused to name Yount be-
cause he IS chief holder in the order
The court named Cyrus j. Clark, Of this
city, as receiver. Bond was fixed at
%a,CVo- Clark recently retlIed from the
o}1ice OF sheriff Of this tMariom county.
Receiver Clark, after qualifying. sent
telegrams to the various banks of the
country, notifying them to hold intact
all funds of the order they may have on
deposit
ST. LOUIS, Mo. Dec. IA special
to the Post-Dispatch from Jefferson
City, No, says that State Superintend-
enU Of Insurance Ed T. Orear TODAY ro-
NoEed the license to do business in Mis-
souri, granted to the Order of Chosen
Friends. He notified the officers OF that
order now doing business in this state.
NEW YORK. Dec. l4-Howar5 V
Morse, the supreme councillor and exeau-
tive head of the Order of Chosen Friends
said today that the reason for the deficit
In the order were three in number.
% No provision was made for reserve
fund when the order was started. in
1913 For sixteen years is has managed
on a basis of special assessments to meet
every claim that became due The trus-
tees realized that this was not sound
basis; that 1t was the plan followed bI,
nearly every fraternal society. and in
1879 an attempt was made to eou9lize
the dues of the members into 4 system Of
eighteen monthly payments graduated
on a basis of reliable tables Of mortality
An expert actuary prepared this nlan
and it would have enabled the order IN
meet all future obligations had the Nom,
bers supported it. Because the pavnente
We're increased somewhat however y
great many of the yOunger. members
withdrew from the order, and 1t LOST
about third of its membership since
1885.
(2) The disaster at Galveston brought
In thlrty-four claims, amounting to about
100000 o'''
90 a shortage in the accounts of 2
treasurer now dead, amounting to $50 600
though this was covered Ny a surety
companY's bond.
The chief assets which will now mass
into the receivers hands, said Mr.
Morse, are the forfeited bond of our
former treasurer and an assessment now
due from members, which VIII be about
$4,000.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-12-15
ST. PAUL.

Yesterdays observations, taken by the
United States weather bureau, St Paul,
+ F. Lyons observer, for the twenty
four hours ended at o'clock last night.
Barometer corrected for temperature
and elevation.
Highest temperature ................. 16
Lowest temperature ........
Average temperature ............... II
Daily range .
Barometer . ACKNOWLEDGEMENTS. 80 .46
Humidity =. 81
Precipitation . Observation-Disclosures. .02
7 p. m. temperature ................ 16
Z D. m, wind, light weather, cloudy.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-12-15
ACTIVITY IN MANY LINES.


Most of the footwear manufacturers
have booked sufficient business to keep
them well occupied fer many weeks,
and are refusing new contracts except
al further advance in price.
New England factories are mainly
working on spring goods, and mail orders
come freely from distant sections. I'M
provement is noticed ia the local iobbing
trade aside from rubber goods, which are
neglected. Sole leather is quiet and union
backs weaker but upper is remarkably
active for the season; stocks Of glazed
kids haze been reduced. Another general
reduction in quotations is reported in the
Chicago hide market. Sales Of.wOol at the
three Eastern markets increased 6,7S5, 600
pounds against 5,267 3A in the previous
week. Exports OF cotton in November
were valued at $15.O54,071, more than in
the same month. last year, mainly owing
to an advance of % cents in price. The
enormous rise in quotations is shown by
the fact that q year ago the average eX-
port price was 2.1"ccnts above Novem-
Der, 1885, making 4.3 cents, or S2.7 p =
cent advance in two years. Shipments
in November fell to 81, S46 bales, against
1,211, 234 in the previous month, indicating
that foreign spinners are less urgent for
raw material. Port receipts have been
heavy, and there was d collapse in price
on the official estimates of the current
yield at 1,1O0,010s bales for a much lower
figure. than was expected, and traders
remembered that last years prognostica-
tons proved half a million bales below
the actual production. Cereals did not
maintain their advance. Coffee has suf-
fered from liberal receipts at Brazil
ports, and No Rio is 1850 below the
price a month ago.
Failures for the week were 2l0 in the
United States, against 21S last year. and
26 in Canada, against 26 last year