The Tupelo journal., 1902-10-10
NEWS OF THE WORLD.

in central Kansas September 80.
Heavy rains throughout the cot
ton belt has retarded cotton picking
and considerably damaged the crop.
Gov. Bliss, of Michigan, has ap-
pointed Hon. R. A.. Alger United
States senator to fill the unexpired
term of Hon. James Mcmillan, de-
ceased.
The establishment of additional
rural free delivery routes will neces-
state an additional expenditure for
the next fiscal year of $5,126,400
V last year.
Emile lola, the noted French
novelist, was found dead in his Par
is home, his death being due to as
phyxiation resulting from the fumes
from a stove in his room.
Theodore Smith and T. G. Fair
cloth, white, were hanged at Bron-
son, Fla, September 80 for the
murder of an aged couple, the crime
having been committed just one
month from the date of their execu-
ton.
The steamship combine has been
incorporated under the laws of New
Jersey unde: the name of the Inter-
national Navigation Company, with
an authorized capital of $120,0o0,-
900. In addition the company is
authorized to issue SIS, 100000 in
bonds.
Southern and western bankers
deny that any considerable sum has
been furnished by Wall street finan-
ciers to move the present crops. The
southern and western bankers have
simply withdrawn their own money
from the speculative market, to b.
used by local customers. The high
rates recently demanded in Wall
street are attributed to reckless spec
ulation in stocks. The south's main
crop, cotton, is a cash one, hence
there is no need to draw on any 9th.
er part of the country for assistance
in marketing it.
Secretary Of the Treasury Shaw
has issued an order to the effect that
national banks will not hereafter be
required to carry a reserve of rs
per cent against government depos-
its secured by government bonds.
The treasury has on deposit with va
rious banks scattered throughout
the country, from Maine to Califor-
MIA and from Minnesota to New Or
leans, in round numbers, $13O,00O,-
600, against which they have hereto
fore been compelled to hold more
than thirty millions of gold, or its
equivalent. This decision will re-
lease that much reserve and $780,
100000 additional credit.
The democratic state convention
of New York nominated Hon. Bro
S. Coler, of Brooklyn, for governor.
The platform adopted declares in
substance against trusts, advocates
placing the necessities of life on the
free list, condemns the neglect of
the national and state administra-
ton to enforce the Sherman law
and the Donnelly state law; favors
trade expansion, but objects to this
country gaping England in trying to
establish a colonial government; ;"
condemns the action of the govern
ment in its treatment of the Filipl-
nos; demands justice for Cuba in
the matter Of trade by reducing the
tariff to a strictly revenue basis; de-
mands public ownership of antbra-
cite coal mines by the right of emf
nent domain and the payment of
full damages to owners, so as to en-
sure peace in the mining regions
and relieve the consumers: arraigns
the state administration for extrav-
agance in the administration of state
affairs declares in favor of a 1000
ton barge canal denounces the pres
emit state excise laws and demands
the return of all monies received
to the county where collected SYM
pathizes with the Jews in Rouma-
MIA; favors the election of UniteI
States senators by direct vote; con-
dennis the national administration
for Grading judicial positions fol-
state aid"
Will Gibson, colored, who confess
ed to numbering the wife of a promi-
nent planter near Corinth, Miss,
was hanged by citizens after being
allowed to bid his mother and broth
er farewell.
An investigation Of the tax books
of Chicago has revealed a wholesale
system of tax lodging on the part
of individuals and generations. In