Greene County herald. (Leakesville, Miss.) 1898-current, 1904-10-14
WASHINGTON
NEWS NOTES.
NEWS OF THE WEEK BRIEFLY
CHRoNICLED.
SUPREME COURT MEETS

SUFkENE GOUkl MEETS
Many Gases of Importance, Among
Which is The Beef Trust. Pensions
Decreasing Rapidly. News From
The Capitol.
Among the great economic changes
Of the closing years of the nineteenth
century, the increase in the worlds
production of gold must be ranked
among the most important, in its in
dustrial, commercial, political and So
cial effects, and nowhere more so than
IN the United States. On Jan. l, 1896.
the. world S monetary stock of gold,
representing the accumulation of all
past time, was worth $4,000, 900, 900,
In round numbers. On January last
1T had reachd five and half billions,
an increase of 81 1-2 per cent. But
this tells only part of the story. The
United States, on Jan. /, 1896, pos
sessed In gold six hundred million dol
lars, and in 1904 over thirteen hun
dred millions, or an increase of 120
per cent. The increase in the rest of
the world had thus been about "a per
cent. 1t should also be remembered
that the United States in the same
time increased its stock of silver,
through coinage Of the seiniorage and
a steady increase in the volume of sub
sidiary coin, from $625,000,000 to
$677, 100000, and that the stock Of
bank notes was also increased in the
same time from $213,000,000 to $425,-
100000, showing that this country not
only gathered to itself this great pro-
portion of the gold output of the
world, but that is also increased its
monetary supplies by $52,000,O00
more silver and about $212,000,000 in
bank notes The world s new golden
era seems to have begun just about
twenty years ago, with the discovery
of the gold in the Transvaal.
Superintendent of Construction
Post, of the Newport News Ship
building Company, said his firm
would surely beat the Brooklyn Navy
yard in the speed contest between bat
tleships Louisiana and Connecticut.
Mr.. Post also declared the Southern
craft would cost less than the Con-
necticut. Mr.. Post said it was not
true, as alleged, that he was crowding
the Louisiana and neglecting other
vessels, to do it. cit is true" lie
said, "that the Louisiana has estab-
lished new records for speed in ship
building, but we have done better
with another battleship, the Mime
sofa. She is coming along faster than
the Louisiana. We will finish them
both up inside of contract time, three
and a half years. While official per-
centages of competition credit us with
only 6 per cent ahead of the Connccti-
cut, by our calculations the Louisi-
ana is really II per cent ahead.
Timothy Woodruff of Brooklyn is
believed here to be the latest Cabinet
possibility. AT the White House it is
announced that Mr. Woodruff is COM
ing to Washington this week to keep
an appointment with the president.
Prior to the arrival Of Mr.. Woodruff
comes a well-authenticated report that
his name is being seriously considered
in connection with the vacancy in the
Cabinet occasioned by the death of
Postmaster General Payne. 1t is said
that New York Republicans do not
take kindly to the proposition to make
Chairman Cortelyou New York s sole
representative in the Cabinet. The
selection of Mr. Woodruff would, it is
asserted, be great political play in
New York politics. 1t would pacify
the Platt followers throughout the
state, who are disposed to resent the
harsh treatment of the "easy boss
by the Odell-Higgins combination.
Acting Secretary of the Navy Dar-
ling has made public the locations rec
commended by the Bureau of Equip
ment for wireless telegraph stations.
The list includes twenty sites on which
stations have already been establish
ed, two on which the government is
preparing to erect stations and sixty
others. Rear Admiral Manney, chief
of the Bureau of Equipment, suggest
ed that, with the permission of the De-
partment of Commerce and Labor, it
will doubtless be possible to establish
many of the stations on lighthouse
sites. He suggests that the establish
ment should be gradual, in order to
avoid excessive appropriations in any
one year for this purpose.
A schedule of the assets and liabil-
tiles of Thomas E. Waggaman, the
real estate agent and former treas
urer of the Catholic University, who
was recently declared bankrupt, was
filed this week.. 1t shows assets of
$780,, 1924 and liabilities of 81 ,622,-
$40.
Rear Admiral Wise, Commander-in-
Chief of the Atlantic training squad
ron, has recommended that the squad
ron spend the greater part of the win
ter in Pensacola harbor and that vicin-
ity. He says the facilities for boating
and other exercises are good. Off
cials are disposed to favor the rec
ommendation, and if this plan is fol
lowed the training squadron will not
go to Culebra to participate in the
maneuvers this winter.
Although the officials Of the Depart
ment of .Justice decline to give an