49f17eddBooks examined
Other: Receiver appointed and Comptroller involvement; bank placed in hands of government.
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Another Arkansas Failure. LITTLE ROCK, ARK., Jan. 18.-The Printing Press Company, the largest concern of the kind in the State assigned this morning to H. C. Bateman. Liabilities, $40,000, the First National Bank being a preferred creditor for $20,000. The announcement of the failure created a panic among the depositors of the bank, and the run, which was checked yesterday, began again to-day. but was again checked by assistance from banks in this city and St. Louis.
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BANKS IN TROUBLE. DALLAS, Tex.. Jan. 18.-Bank Examiner Stone today, at the request of the directors and stockholders of the Bankers and Merchants' National bank, of this city, took charge and closed its doors. The liabilities of the bank deposits and rediscounts amount to $80,000, and its assets to $590,000. It was organized in 1890 with a capital stock of $500,000. about one-half of which is held in Kentucky. The bank this evening secured money to liquidate the deposits and rediscounts. LITTLE Rock, Ark., Jan. 18.-The Press Printing company, the largest concern of the kind in the state, assigned this morning to H. C. Bateman. Liabilities, $40,000, the First National bank being a preferred creditor for $20,000. The announcement of the failure created a panic among the depositors of the bank, and the run which was checked yesterday began today, but was checked by assistance from banks in this city and St. Louis.
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LATE NEWS ITEMS. New York is running very short of coal, and Brooklyn is threatened with a water famine. Satolli's appointment as apostolic delegate to America has caused some dissatisfaction at Rome. Wells, the swindler and gambler who "broke" Monte Carlo, is in jail at London. Gov. Hogg of Texas was formally inaugurat. ed by a joint session of the legislature Tues. day. Homes' comet, which became invisible soon after Its discovery in November, is again in telescopic view. The republic of Honduras has granted the Louisiana Lotterv Co. valuable concessions. Postn.aster Harlow of St. Louis reports the trial of street railway postal service an eminent success. The Oklahoma deadlock has been broken, leaving the democrats in control of both branches of the legislature. Prompt assistance from Little Rock (Ark.) banks stopped an incipient run on the First national of that city. Congressmen Stone and McCreary. of Kentucky, are avowed candidates for Senator Carlisle's seat. Congressman Wilson, of West Virginia, it is said. will be a formidable candidate for the speakership of the next national house. At Revere, Mo., a Santa Fe passenger train was wrecked by a misplaced rail and the cars burned. One man was killed. The thermometer registered 28 degrees below zero at Kankakee, III., Tuesday, the coldest of the season. All the local dealers are out of soft coal. Judge T. W. Long of the probate court of Morrow county, O., was gored by a bull at Mount Gilead and almost instantly killed. Gen. Butler's brain was four ounces heavier than Daniel Webster's, the previously largest on record, and a bursting blood vessel in It was the immediate cause of death. Richard Gruner, who took his life with car. bolic acid at Dubuque, Ia., last Saturday, proves to have been a wholesale forger and dealer in spurious mortgages. Frank Kohl, a German, 25 years old, committsd suicide in the front yard of his home at St. Louis by shooting himself in the head. Gov. Leweiling's message was delivered to the Kansas legislature. There is no immediate prospect of an adjustment of difficulties in tbdual house. 8 Col. Rice, the commander of the Colt guards, has issued an order that the guards umbian at the World's fair grounds should , depense with ear muff; while on duty. The ways and means com .mittee of the house is not favorably impress ed with the bill of the St. Louis & Chicago Alectric railroad to import material duty fre, At the Panar na trial in Paris Advocate General Ran Pade an impassioned speech, charging the 700,000,000 francs of Panama canal fund had been squandered. A suddenly called meeting of Gladstone's eabinet took energetic measures to warn the khedive of Ervpt that be was acting hastily and daugerously in naming R new ministry without first consulting England. The large dormitory 'and boarding depart. ment of St. Mary's academy. managed by the Sisters of Loretto, in Moberly, Mo., was burned Tuesday. Tue fire was caused by R defective Que,
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FAILURES. LINCOLN, Neb., Jan. 23.-The failure of the Capital National bank is announced. Bank Examiner Griffith demanded the books of the bank this morning. He began examining them at once, and soon discovered that something was wrong. A large amount of cash was missing, and the bank officials could not account for it. All they would say was that it had been stolen. The sum is said to reach $200,000. LINCOLN, Neb., Jan. 23.-The Capital National bank failure was the sole topic of conversation in Lancoln today. Hundreds of people surrounded the bank doors all morning, hoping against hope that they would swing out again. The bank numbers thousands of depositors, many of them of small means, who will lose from $500 to $2,000. The bank's paying 6 per cent interest way the attraction which drew their savings. A committee of the bankers of the city was in consultation all night, coutriving means to prevent any undue excitement and a consequent run on their institutions. President MacFarland of the First National bank stated this afternoon that he believed the bank would pay all depositors in full, but the stockholders would be compellod to put up a large sum of money to do so. The immediate cause of the failure was the fact that the state treasurer had notified the Capital National bank that he required $100,000 within the next week. Treasurer Bartley arrived this morning, He stated that inasmuch as the governor. secretary of stateand attorney general had approved the bond of Mosher and Outcalt for $700,000, under the law which went into effect when he took charge of the steate's funds, he and his bondsmen were released from all liability, which will fall upon the state. In qualifying on the bond Mosher swore that he was worth $500,000 and Outcalt $300,000. No statement of the liabilities has been made, but they are variously estimated from $300,000 to $600,000. SALT LAKE, Jan. 23.-Cohn Bros. one of the oldest and largest dry goods firms in the territory, have made an assignment to Emmanuel Cohn for the benefit of their crediters. The liabilities are $110,000. The assets have not been made public. Of the total indebtedness $34,000 is preferred for the benefit of fourteen home creditors. The unpreferred creditors are all eastern merchants-110 in number. LITTLE Rock, Ark., Jan. 23.-The First National bank, which has been undergoing an examination at the hands of the bank examiner, was today reorganized on a strong basis. YANKTON, S. D., Jan. 23.--The receiver of the defunct Scougal bank, in his report on its condition, touight, states that the affairs of the institution are badly mixed, and that great difficulty is encountered in arriving at a satisfactory result. The liabilities are placed at $127,000, and the assets at $77,000. The depositors now expect to realize about 15 per cent. upon their accounts against the bank. The bank has been insolvent for more than eight years.
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Arkansas Affairs. The Press Printing Company of Little Rock has assigned. The Arkansas Senate defeated a resolution urging Cong ress to pass the anti-option bill. The McCarthy-Joyce Company, grocers and cotton factors, Little Rock have assigned. Prompt assistance from Little Rock banks stopped an incipient run on the First National of that city. The city council of Searcy has exiled the town hog. A large paper mill is to be establisded at Mammoth Spring by Memphis capitalists. An oath-bound crap shooting organization exists among the small boys of Conway. John Armstrong, an old citizen of Bentonville, dislocated his jaw while yawning the other day and a physician had to replace it. The Mammoth Spring cotton mills make 5000 yards of cotton goods a and has all the orders on file they can fill in six months. Indiscriminate and reckless blasting is having the effect of diminishing the flow of hot water at the three great springs whose waters have been the leading feature of Hot Springs.
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THE SOUTH. THE New Orleans bridge matter is now thought to be settled in favor of its construction within the city limits THE cigarette factory of Allen & Ginter, at Richmond, Va., was burned recently. Loss, $250,000. THE Louisiana lottery has secured a favorable charter from Honduras and it will remove to that country. THE San Antonio & Aransas Pass railway has mortgaged its property to the Central Trust Co., of New York, to cover its $18,900,000 bond issue. THE students at the Women's college at Baltimore, Md., have appeared for the first time in cap and gown. Several hundred girls marched into the chapel in flowing robes and mortar boards. THE wife of A. W. Fillie was found chained in a deserted barn near Radford, Va. It was surmised that Fillie and the woman who posed as his housekeeper were trying to put Mrs. Fillie out of the way. Fillie was arrested. GEORGE GRAY (democrat) has been elected United States senator by the Delaware legislature. THE ministers of Atlanta, Ga., have protested against the proposed lecture by Col. Ingersoll in that city. SAM SMALL, the noted evangelist who was converted by Sam Jones seven years ago while an editor of the Atlanta Constitution, has accepted his old place on the editorial staff of the paper and has given up strictly religious work. STOCKMEN of Texas are preparing to form a combination. GAMBLERS and unlicensed liquor sellers have taken advantage of the frozen river at Louisville, Ky., and the immunity it affords them from the law, to start in business on the ice. PROMPT assistance from Little Rock (Ark.) banks stopped an incipient run on the First National of that city. ROBERT GEORGE, a nephew of United States Senator George, committed suieide at Ittabena, Miss., while on his way to the Carrollton jail. Young George was charged with the murder of Capt. W. B. Prince, one of the most prominent and wealthy planters in Mississippi. FIRE at Shelbyville, Tenn., wiped out the business portion of the town.
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THE SOUTH. THE wife of A. W. Fillie was found chained in a deserted barn near Radford, Va It was surmised that Fillie and the woman who posed as his-house keeper avere trying to put Mrs. Fillie out of the way. Fillie was arrested. SAM SMALL, the noted evangelist who was converted by Sam Jones seven years ago while an editor of the Atlanta Constitution, has accepted his old place on the editorial staff of the paper and has given up strictly religious work. GAMBLERS and unlicensed liquer sellers have taken advantage of the frozen river at Louisville, Kyer and the immunity it affords them from the law, to start. in business on, the ice. PROMPT assistance from Little Rock (Ark) banks stopped an incipient run on the First National of that city. ROBERT GEORGE, a nephew of United States, Senator George, committed. suicide at Ittabena, Miss., while OR his way to the Carrollton jall. Yoning George was charged with the murder of Capt W. B. Prince, one of the most prominent and wealthy planters in Mississippi FIRE at Shelbyville, Tenn., wiped 'out the business portion of the town CAPT. A. G. SHARP has resigned the government position as division superintendent of post office inspectors in the south. lie has been appointed southern special agent of the Bell Telephone Co. Capt. Sharp held public office thirty years. THE high school building at Pine Bluff, Arla, was destroyed by fire. A MARYLAND family of mother and three children all died in one day from measles aud were baried in one grave. The people living on the islands along the coast of Maryland and Virginia are reported 'to be suffering severely because their supplies have been cut off by fee. JUSTICE LAMAR of the United States supreme court, died at Macon. Ga., on the 28d He was born in Putnam county, Ga., September 17, 1835. THE coal minere at Central City, Ky., are still on strike How. La PRACIDE CANONOX, one of the editors of the New Orlenns Bee and the nestor of the press of that city, died receptly of 1à gripps Missing-Jienies of the Edgefield s Nashville (Tent) Mainfactabing Co. have DUGG dougil and diselgia is big shortage,
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ARKANSAS STATE NEWS. Is This True ? The following appeared in the St. Louis Globe-Democrat of the 23d, under date of Buffalo, N. Y January 22: Judge Albion W Tourgee of Mayville. N Y writes under date of the 21st, to a Sunday paper here that be has received private letters from Arkapsas indicating great and peculiar suffering along the bottoms of the Mississippi, White and Arkansas rivers among the la borers in the plantations which were over flowed so ruleously last summer A deputy collector of internal revenue who has traveled among the people bas written him that their condition is pitiable. Three crops have been destroyed. the first two by flood. the latest by cut worms and early frost All these crops were made on what is termed the Ausconda I mortgage system The writer says think there are at least 50,000 poor peo pie in these inundated regions almost clotheless and shoeless, and it will be quite a time before they can get either money or credit by their labor to supply their necessities. The aid of the judge is invoked and be heartily indorse the plea to the charity of the north. having first as be says, had effect ed at his suggestion an organization of reliable relief committees throughout the afflicted re gion He gives the address of Rev. A M Mid diebrooks. Pine Bluff, Ark. to whom supplies may be transmitted Cowardly Murder of a Liveryman. Clem Ingram, a prominent livery-sta ble keeper of Pine Bluff died from ef fects of wounds inflicted on the head by Hans D. Hydrick. The killing was sensational one The testi mony before the coroner's jury brought out the facts that Ingram was in the office of his stable when he was approached by Bessie James and Lulu King, scarlet women, and asked for sleigh and horses He informed the girls that they were all out They then requested a buggy. and he answered that he would not let his teams go in such weather At that Hydrick appeared and furiously upbraided one of the women He became violently enraged picked up Ingram walking stick and dealt him fearful blow on the temple, telling the girl to follow him or be would serve her likewise. Ingram was knocked senseless. but rallied after fifteen minutes and was able to walk to his cousin's house. A few hours later he was corpse Hydrick when arrested, expressed surprise that the blow should have killed his victim. A Printing Company Assigns The assignment of the Press Printing Co. of Little Rock, occurred on the 17th. The assignment is in favor of the First na tional bank as preferred credit for the amount of its indebtedness, some $30,060. No others were preferred The total amount of claims aside from that of the bank probably does not exceed $10,000. The cause of the as signment wa3 the giving of accommoda tion paper. This president of the print ing company is the secretary of the City Elec tric Street Railway Co The Press Printing Co was organized about four years ago, and, it is said. has been doing a money making bust ness. Its plant is a very large one, and it has on its books many valuable contracts. Mr Brown the president of the company was ten dered money. on the 18th. in the interest of re organising the plant but he decided. in view of the large amount of accommodation paper standing out, to let it be wound up by the court through H. c Bateman. his brother-in-1 who was appointed receiver A New Road for Arkansas. The St. Louis Globe-Democrat of the 18th contained the following: It is learned upon good authority that the ac tivity displayed by Mrs. Hettie Green in con nection with her railroad properties in Texas is causing quite stir among the southwestern interests. The Globe Democrat a few days since referred to the work of survey under taken in the Green interest for an extension from Waco to Paris. the Texas terminue of the St Louis & San Francisco line It is now stated that Mrs. Green with ample capital to carry out her plans will build a line from Paris across the state of Arkansas, through Hot Springs to Lit tle Rock, where connection will be made with the Little Rock & Memphis ling for an eastern outlet. It is said, furthermore that part of the scheme is to ab3orb the Little Rock & Mem phis property A Visit from Indiana Lumber Men. A party of about 220 retail lumbermen of Indiana have been making tour of the state. The timber lands of Indiana of late years have been grea depleted and the forests of Micbigan and the south have been drawn upon to supply the deficiency. The great forests of rkansas have attracted attention, and their visit to the state was for the purpose of exam ining into the timber resources of the state They journeyed through the state over the Cotton belt to Texarkana. stopping at many places and examining saw mill plants and as certaining their capacity and source of [supply They were well received at Texarkana and on their return trip traveled over the Iron Moun tain examining mills and forests is they did on the down trip. There is no question but this visit will prove of great bene fit to Arkan sas, causing an increas demand for Arkansas lumber, to say nothing of Indians capital that may be invested in Arkansas saw mills ani forests A Jall Delivery On the 23d for the third time in the history of the Miller county jail in mates made successful escapes Seven prisoners gained their liberty. The prisoners were Jack Elmonds better known as "One-armed Jack charged with assault with intent to kill: London Jeffries colored murder; J. W Fenton wante in Sevier coun ty, held in Miller county jail for safe keeping Quick Hall colored. murder in Little River county; Sam Williams. colored. beating his wife nearly to death with double barrel shot gun: Sam Williams forgery and under con viction; Ed Cook. held for safe keeping The men made their escape by cutting through the rotten floor at the east end of the hydrant and then by means of common case knife worked a hole through the brick wall on the north side, through which they gained the yard and thenco the public highroad Reorganization Effected Bank Examiner Galbraith has been investigating the affairs of the First national bank. of Little Rock. which On has been in outside complications the 23d the whole matter was settled and the bank reorganized on a strong basis. Col. Logan H Root, former pres. ident and controlling stockholder, was re-elected president, and Dr. C.M Tay lor vice-president Frozen to Death An old German named Kuesner was found dead in bed at Little Rock the other morning. Frozen to death was the coroner's verdict. He has a son in St. Louis, an architect. High School Burned Pine Bluff bigh-school
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National Bank Suspends. LITTLE Rock, Ark, Feb 2.-The First National bank of this city has suspended. with liabilities of half a million dollars. The trouble was caused by the ex-president and his friends drawing money on poor security.
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THEY WRECKED THE BANK. The President and Cashier Used the Money to Their Own Purposes. LITTLE ROCK, ARK., Feb. 2. -The First No. tional Bank of this city will not open for business today. Its liabilities are understood to be over half a million. About ten days ago the bank passed through a terrible crisis, but through the timely arrival and assistance of Col. Logan H. Root, its former president, confidence was again restored and the public had begun to think the institution as solvent as ever. The bank was reorganized nearly two weeks ago, with Col. Root as president and Dr. C. M. Taylor vice president. The cause that has led to suspension of the bank was the issue of fraudulent paper by the former officers of the bank to the amount of several hundred thousand dollars. In an interview last night Col. Root said: "When I took charge of the bank the statement showed that President Allis and his friends had personally taken more than $450,000 of the bank's money. and for which there was but very little security. "Since then paper has been presented bearing the indorsement of the bank's name by either President Allis or Cashier Denny that was not on the books of the institution. More than $130,000 of such paper has already appeared and rumors have been received of more than double that amount. There is no way of ascertaining the e exact amount of such traudulent paper out, for which the bank has never received 1 cent's benefit. Under the circumstances we thought it best to close the institution and place its affairs in the hands of the government. "The form of most of the unrecorded paper is simply ordinary promissory notes, most of which we have seen are signed by either 'City n Electric Street Railway Company," 'Press d Printing Company," "The McCarthy-Joyce Company' or other persons closely connected with Mr. Allis, all indormed in the of bank's name by Allis and Denny. Whether deg positors will be paid in full or not depends on many things. The stockholders are liable to an asscesment in the aggregate amounting to $500,000. Whether all can or will pay no one can say. It has assets of course that are of value, but as to the unknown and unrecorded liabilities no mortal can tell. The capital stock of the bank was €500,000; surplus, $100,000."
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NEWS CONDENSED There was a $100,000 fire in Montreal. Colorado miners strike for more pay. A strike of switchmen at Chicago is possible. The Suncook, N. H., gas works were burned. Loss $25,000. Judge Putnam's rulings in the Maver Ick Bank case favor Asa Potter. An ex-minister to Hawaii holds the McKinley law responsible for the trouble there, Robert Beatty has been convicted of connection with the poisoning of Homestead men. The Rothschilds and Baron Hirsch are said to be at the head of a new Panama Canal syndicate. Fraudulent acts of officers caused the suspension of the First National Bank of Little Rock, Ark. The works of the Xenia Paper Mill Company at Xenia, O., were burned. Loss $75,000; insurance $46,500. Sam Smith, colored, aged 18, was hanged at Birmingham, Ala., for the murder of Isaac Burger, a Jewish peddler. General Francisco Benavides and Captain Cecelio Echavarria, Mexican revolutionary leaders, are in jail in San Antonio, Tex. The Democratic caucus at Frankfort, Ky., nominated Judge William Lindsay for United States senator, vice John G. Carlisle. Felix Le Clair, aged 25 years, was killed at Augusta, Me., by the falling of a mass of earth at a gravel bannk where he was at work. He was unmarried. A fire in the building occupied by Stahlmen & Starr, trunk makers, at Columbus, O., did $50,000 damage. A young woman was burned to death. While A. B. Ham of Lewiston, Me., was cleaning a revolver it discharged accidentally, the bullet passing through the abdomen, making a probably fatal wound. An explosion of gas occurred in Coningham shaft at Wilkesbarre, Pa. Nine men were severely burned. John Morgan and James Hopkins cannot recover. The boilers of the Old Planter's compress in South Vicksburg, Miss., exploded yesterday. James Caldera, Jo Finiches, and Wells Clifton were killed. Six others were perhaps fatally injured. Monday night the house of a man named Malone, near Patterson, W. Va., caught fire, and Malone's brother and a boy, McArtbur, were burned to death. Mrs. Malone was probably fatally injured.
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Bank Examiner G. W. Galbraith has taken charge of the suspended First National Bank at Little Rock, Ark. Five persons were bitten by a mad dog in Chicago early yesterday morning. The coal monument prepared for exhibition at the world's fair by the Lehigh Valley Coal Company has been completed and is awaiting shipment.
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Bank Receivers Appointed. WASHINGTON, Feb. 6.-Comptroller Hepburn today appointed Logan H. Root receiver of the First National Bank of Little Rock, and J. D. McFarland receiver of the Capital National Bank of Lincoln, Neb.
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Financial and Commercial. The First National Bank of Little Rock, Ark., is closed. Its liabilities are understood to be over half a million. The cause that led to the suspension of the bank was the issuance of fraudulent paper by former officers to the amount of several hundred thousand dollars
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Bank Fails After Several Recoveries. The officers of the First National Bank, at Little Rock. Ark, decided to suspend bustness and the doors are closed for the first time during business hours since its organization in 1866. President Logan H. Roots telegraphed to the Comptroller of the Treasury at Washindton requesting him to send a representative to take charge of the bank. The bank's.failure was caused by speculations of its former Presid emt, H. C. Allis.
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Fraudulent Paper Wrecks a Bank. LITTLE ROCK, ARK. - The First Na. tional Bank of this city will not open for business again. Its liabilities are understood to be over $500,000. The cause that icd to its suspension was the issuance of fraudulent paper by the officers of the bank to the amount of several hundred thusand dollars.
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The McClure Appointment. Late advices from Washington City indicate that the appointment of "Poker Jack" McClure to assist in the prosecution of H G Allis, the wrecker of the First National Bank, at Little Rock, will be recalled. McClure is a stench in the nostrils of all Democrats, as he is known as a most corrupt and partisan Republican. Senators Jones and Berry called on the attorney-general yesterday in regard to the matter, and learned that the appointment was brought about by the receiver of the defunct bank,
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ADDITIONAL DISPATCHES. ROBERT T. LINCOLN, ex-minister to England, has arrived in New York from Europe. He will go to Chicago and resume his law practice. THE Catholic Knights of America have decided to hold the next meeting in Omaha. Ex-Treasurer O'Brien's offer of compromise was rejected. A LOCOMOTIVE exploded on the Lebanon Valley road in Pennsylvania. killing the engineer, Levi Yodum, of Reading, Pa., and two other men, names unknown. THE United States grand jury at Little Rock has filed the report of its investigation of the affairs of the First National bank, returning five true bills against H.G. Allis, president, and Creed T. Walker. THE four things which democratic leaders have planned to accomplish in the next congress are: Repeal of the federal elections and Sherman laws; repeal of the 10 per cent. tax on state banks; levying of an income tax and a general revision of the tariff. HARVARD defeated Yale in the field athletics at Cambridge, Mass. THE national committee on Sunday closing is taking active steps to fight the proposed opening of the world's fair on Sunday, May 21. THE attendance at the world's fair thus far has far exceeded that for the corresponding period at the centennial. THERE was a run of the Plankinton bank, of Milwaukee, but it was soon ended and confidence was restored. IT is said that James R. Keene won $1,500,000 by the Cordage crash at New York. By the falling of a cage in the Calumet and Hecla mines, at Houghton, Mich., ten men went down 3,000 feet and were dashed to pieces. ADVICES from Nicaragua state the revolutionists are gaining ground and daily are becoming more aggressive. Miss ROSE CLEVELAND, sister of the president, has sailed from England for the United States. BISHOP BISSELL, of the Episcopal church, Vermont, is dead. OFF the Cornwall coast the ship Countess Evelyn collided with a steamer in a fog and went down with all on board. BY the wreck of a ferryboat in Russia a large number of persons were drowned. REPUBLICANS have succeeded in electing a majority of the Rhode Island legislature and will elect their state ticket. ANOTHER break has occurred in the Mississippi levees near Lakeport, Ark.
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McClure Still There. Judge John McClure is to be continued as attorney of the defunct First national bank of Little Rock. This fact became known to a few individuals in Little Rock the other day and was confirmed by Receiver Armstrong. Mr. Armstrong is quoted as saying that he knew McClure was a republican and had learned since he recom mended his continuance to Comptroller Eckles that he was rather an objectionable one, but that as such important interests were involved. and McClure had been the attorney of Receiver Roots, and was thoroughly familiar with the affairs of that institution, he could not but retain him in the interest of the creditors of the bank.
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POINTS FOR THE PEOPLE. -Sects and creeds cut no figure in the battle for human rights. One Father McGlynn is worth more to humanity's cause than a regiment of Henry Ward Beechers. -Which would you prefer to have, a clearing house certificate or a green back issued by the government? Yet the latter has been branded by the national bankers as fiat money-Tacoma Sun. -If silver has no claim as a money metal because it is a product of the earth, gold loses its claim on the same ground. All the people ask is that the two metals shall be treated alike by our government.-Journal of Agriculture. -England had rather rule this country financially and commercially, by manipulating our legislation, than to conquer it by the arts of war. It serves her purpose as well, and is more healthful and less expensive.-Journal of Agriculture. -The present panic was deliberately planned and executed to bluff congress into the demonetization of silver, the purpose being to enhance the value of the securities held by the panic makers, by making them payable in gold val ues.-Journal of Agriculture. -Franklin was without doubt the all round wisest man this continenti ever produced, and he declared at that early day in favor of paper money, pure legal tenders, after a trial of the principle in the colony of Pennsylvanie from 1722 to 1762-National Watch man. 'Whatever a government agrees to receive in payment of the public dues, as a medium of circulation, is money, no matter what its form may be; treasury notes, drafts, etc. Such bills or paper, issued under authority of the United States, are money. ."-Henry Clay in the Senate, 1887. -The populist cause is sure to triumph. There is a moral wave sweeping over the country and by that wave one or both of the old parties will be lashed to pieces. The new issues are coming to the front and they will never down till they are settled and settled right.-Alliance Independent -In 1892 the production of silver was 58,000,000 ounces, of which the government bought 54,129,727 ounces, putting into circulation therefor $47,394,291 in treasury notes. Free coinage of the American product would have put into circulation $19,595,609 more money, after deducting silver used in the arts. This is $88,974,927 less than the gold lost by export during the year. -When we get a postal note or P. O. money order we know to an absolute certainty that it is as good as the cash itself, but when .we get a bank draft we look to see what bank drew the draft and upon what bank it was drawn and then look at the list of fallures. The Nebraska people's party boys were right when they took the lead for government banks.-Missouri World. -Since January 1 nearly two hun dred national banks have closed their doors, against less than fifty during the same period last year. Of the fall. ures this year five have been United States depositories, as follows: The First national bank, of Little Rook, Ark.: the Gate City national bank, of Atlanta, Ga.; the People's national bank, of Denver, Col.: the German national bank, of Denver, Col., and the Kentucky national bank, of Louisville. -Chicago has a new illustrated weekly devoted to the free coinage of silver. Its energies had better be expended in explaining the money function and the uselessness and waste of all the labor in digging and dying for some yellow and white minerals. The same labor expended in creating food, clothing, shelter, instruction and amusement would happify untold millions. The people can create all the money they want and print it on paper that didn't have to be mined at such lbor.-Coming Nation. -The industrial millions demand justice. Through special privileges and class legislation they have been defrauded. Throughallowing politicians and interested newspapers to do their thinking, they have permitted themselves to be well nigh enslaved. Their hope now lies in independent thinking. and in political unity of action. The first thing to be done is to abolish all class legislation, and to demand the government ownership of natural "monopolies,' as well as an expansion of the volume of currency, which will tend to relieve congested business conditions, and enable the slaves of the gold barons at least to live after paying their interest.-B. O. Flower. d -Superintendent-"You want a job driving one of our street sprinklers, eh? Ever had any experience?" Applicant-"No, but-" 'But what?" "Everybody tells me I'm so blind I can't see a street crossing ten feet away and-" "That'll do. Come 'round in the morning and take out the biggest sprinkler we own." - Buffalo Courier -Five-year-old Frances had been spending an afternoon with a little friend. When she returned home she found another little friend there who hadcometovisither "Etheldoesn'tlove you," said Frances to the second little to one the calling girl, referring upon. 'Why the not?" she asked had been visitor, somewhat surprised. "Tause she doesn't know you,' explained
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Secretary Smith today directed Alloting Agent Duncan to notify all persons who have made selections for allotment in the Cherokee outlet they will be allowed to file at the interior department proof and argument thereof until September. The comptroller of the currency today appointed Stirling R. Cockrill receiver of the First National bank of Little Rock, Ark., vice David Armstrong, resigned.
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U. S. DISTRICT COURT. The United States District court, for the Eastern District of Arkansas, convenes in its regular fall session here today. Judge Williams, Attorney House and Marshal Gaines arrived on this afternoon's cannon ball, and the court was called to order about 2:30 o'clock, The dockets are not large, and most of the cases are of minor importance, such as personal damage suits against railroads, for illicit distilling, etc. Among the latest suits filed are the following: Geo. Taylor Com. Co., of St. Louis, vs. Harrison & Stinson, of New Lewisville; attachment. Thomson-Houston Electric Light Co., V8 Camden Electric Light & Water Co.; to foreclose mortgage. D. Armstrong, Receiver First National bank of Little Rock vs. J. G. Kelso; to recover on written obligations, in sums aggregating $6000 to $8000. Boatmen's Savings bank of St. Louis vs. J. G. Kelso; to recover on written obligations, in sums aggregating $10,000. It is probable that court will be in session a week or two, if cases docketed are tried. Prescriptions filled at half price, at 11-16-3 Lightfoot's drug store.
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The jury in the case of the Citizens bank of Sturgis, Mich., vs. S. R. Cockrill, receiver of the First National bank of Little Rock, to recover $10,000 and interest on two notes, which has been on trial in the Federal court of that city, brought in the following verdict: We the jury find for the plaintiff in the sum of $11,769.04.
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ARKANSAS STATE NEWS. A Bible to Be Presented to Each Volunteer By Chris: ian Ladies of Little Rock. STATE GRAND LODGE, KNIGHTS OF PYTHIAS. Superintendent Jordan Cites the Law on Attendance at County Normals-State Medical Association - Compress Men Organize-Nows Notes. Knights of Pythias. One of the most important questions before the recent session of the grand lodge, Knights of Pythias of Arkansas, held in Eureka Springs, was the suspension of Juliet Lodge, No. 6, of Pine Bluff. The lodge was suspended several weeks age by the grand chancellor on account of its refusal to suspend Horace G. Allis after his conviction in United States court in connection with the collapse of the First National Bank of Little Rock. Mr. Allis had been a member of the Pine Bluff lodge a number of years, and after removing to Little Rock kept up his membership without interruption. The matter was settled by the grand lodge adorting a committee report restoring the charter of Juliet lodge, with a reprimand, and providing for an appeal to the supreme grand lodge to determine whether or not the local lodge was right in refusing to suspend Mr. Allis. A resolution was adopted fully indorsing President McKinley's war policy, and a telegram was forwarded to the chief executive to the effect that Arkansas Knights stand ready to help enforce due respect to our country and its flag. Officers were elected for the ensuing year, as follows: Grand chancellor, J.N.Tillman, Fayetteville; grand vice-chancellor, J. M. Barker, Jr., Atkins; prelate, Charles D. James, Eureka Springs; keeper of records and seal, B. W. Bartlett, Little Rock; G. M. of Ex., R. F. Hyatt, Monticello; G. M. of A., Jacob Shaul, Marianna; G. I., W. E. Peters, Walnut Ridge; G. O., J. W. Hall, Hot Springs; grand trustee, H. H. Myers, Brinkley, Hot Springs was decided upon as the next place of meeting, third Tuesday in May, 1899.