The Brandon news. (Brandon, Miss.) 1892-1961, 1904-10-13
WASHINGTON
NEWS NOTES.
NEWS OF THE WEEK BRIEFLY
CHRONICLED.
SUPREME COURT MEETS
ny cases Of Importance, Among
winch Is The Beef Trust. Pensions
decreasing Rapidly. News From
The Capitol.

among the great economic changes
u the closing years Of the nineteenth
century, the increase in the world .
production of gold must be ranked
among the most important, in its in
uus'rlal, commercial, political and So
ciai eHects, and nowhere more so than
IN the United States. On Jan. /. 1896
the worlds monetary stock of gold,
representing the accumulation of ali
past time, was worth $4,000 900 600.
IN round numbers. On January last
IL had reachd five and half billions.
an increase of 81 IL per cent. But
inns tells only part Of the story. The
united States, on Jan. l, 1896. pos
sessed IN gold six hundred million dol
lars, and IN 1904 over thirteen hun
ored millions, or an increase of 100
per cent. TIE 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
steady increase in the volume of sub
sldiary coin, from $625, 100000 to
S677, 100000, and that the stock OF
bank notes was also increased in the
same time from $213,000,0O0 to 1925
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,OO0,0O0
more silver and about 100000 in
bank notes. The worlds 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 trte,,'' he
said, "that the Louisiana has estab-
lished pew ecords 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 half years. While official per-
centages Of competition credit us with
only 6 per cent ahead Of the Connceti-
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 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. It is said
that New York Republicans do not
take kindly to the proposition to make
Chairman Cortelyou New York IS 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 Plat 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 OAR
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
to erect stations and sixty
others. Rear Admiral Nancy, 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. It shows assets of |
SIS, 607 1924 and liabilities Of 1892
$40.
Rear Admiral Wise, Commander-in-