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1 D A ILY EA G L . 4 ' ^ % i FO U L O’CLOCK E D I T I O N . W E D N E S D A Y , S E P T E M B E ll 9, 1896.-V O L . 56. NO. 251.-14: PA G E S . TH K E E CENTS. I (I m \ 1 i| a in 'j ! itoih )Sa, om- lo a nta, d Is fe. I: In e a jad - bi is Id Id id id CT lOt ar )ft to zo to a t to a t v m , re tfl !part« FOR, )ns tSON WILL SENATOR HILL SUCCEED? , Said to Be Urging Tammany to In- ■ dorse Gold at Bufialo. W ILL HE STEM T H E B R Y A N TIDE? Extended Conferences W ith H inckley, M alloy and Tam m any Leaders Shee han and M artin—Adm its H is Own Un certain Position—W ill G-o to the Sea Shore to Think It Over—Mr. St. John R e c e ives a Donation From a Gold Mine Owner. rt w a s said In New York th is m o rning am o n g Democra'tio polkiclaiis th a t Senator David B. H ill has reached th e p a r tin g of the w a y s an d th a t he is still uncertain as to w h ich rood he w ill take. Senator H ill ad- m'lllted tihat n n e e r tain ty last night, in a hrief Initervlew. T h e senator loft A lbany yester day and in company w ith C h airm an H lnkley of the state com m ittee, who joined him at Poughkeespsle, reached th e city about 4 o’clock and w e n t to th e Norm andie. He cam e for th e avowed purpose of urging upon the Tam m a n y leaders a m o st conservative course in th e com'lng state convention In Buffalo. Lajst eveniug he w e n t to the M u rray H ill hotel and In t h e room s of Chairm an Hinkloy m e t Tam m any L e a d e r John C. Sheehan. Jam e s J. M a rtin, leader o-f the Tam m any hall exec utive com m ittee; M ayor F rancis M alloy of Troy, and C h a rles R. De F r e e s t of the same etty, w h o represented Senator Murphy. the discussion was protracted. Senator Hill has recognized Chat the m achine Democracy of t h e sta te h a s been driftin g tow ard an in dorse m e n t of Bryan and Sewail and the Chi cago platform and. While ho fully expects an indorsem e n t of the ticket by the D em o cratic sti,te convention, he is m aking the most dtrenuous efforts to prevent an Indorsem ent of the platform , ag a in s t which he has been p r o testing since t h e Chicago convention. W ithout resu lt th e conference adjourned and reassem b led a t th e senator’s room s In the N o rm a n d ie this m o rning. As n e a r as could be gathered a t its close th e senator had failed in his purpose. T a m m a n y has already de clared In favour of th e Chicago tick e t and platform and th e leaders refused to tak e any action which would stu ltify the course pur sued. I t Is said Senator Hill urged th a t if th e convention w o u ld not adopt a gold stand ard platform it should a t least Ignore th a t m a d e a Chicago and coniine the resolutions to state issues. Even this could no t be prom ised and Senator H ill will leave to-night for N o rm a n d ie by th e sea to think over the situation and choose his own position. It is said to be m o re than probable, according to leading New Y o rk D e m o crats, th a t the sen a to r will fall Into line. H e Is to go to Buf falo a s a delegate from Albany county and as such will be instructed to vote for silver. D e spite this fact, how ever, It is believed th a t he will m ake an o th e r such, an effort fo r the indorsem e n t of honest m o n ey as he m a d e in the Chicago convention. Senator H ill declined to see new spaper men a t the N o rm a n d ie this m o rning, and neither C h a irm a n H lnkley nor J o h n C. Sheehan would talk. Mr. H lnkley w ill leave the chairm a n ship of th e D e m o cratic state com m ittee and w ill be succeeded by M ayor M alloy of Troy. I t was during the progress of the election for m a y o r a t which M alloy was a candidate th a t R o b e rt Ross was killed by B a t Shea. Mr. HSnkley leaves the chairm iinshlp of the state Bommittee of his own accord. I t is expected th a t S e n a tor H ill w ill see several of the K ings county D e m o cratic load ers this afternoon, w ith the sam e puipose that Inspired his conference w ith Maptih and Shee han. A “Gold B u g ’’ Contributes. Ex-C o n g ressm an S tahlnecker of Y o n k e rs called o n T reasurer St. John of th e D e m o crat ic national comml'ttee this m o rning and had an extended conference. H e hais j u s t returned from a trip through the W est. Accom p anying a ten thousand dollar sub- Bcrlpticn received by T r e a s u r e r St. John yes terday w a s a letter, of which t h e follow ing Is an extract; I ta k e gre-at p leasu r e in enclosing yon a N e w Y o rk , a r a f t f o r §10,000 f o r c a m p a ig n purposes. T h is m o n e y w a s ta k e n from m o th e r e a r t h a n d no t from in d iv id u a l s . I h a v e been r e p r e s e n ted by th e E a s t e r n p ress as a silv e r m iner. I h a v e n o t a d o lla r in v e s ted in th a t c lass of pro p e rty . I am a gold m in e r a n d m.ake th is co n tr ib u tio n no t fo r th e benefit of th e silv e r m iner, b u t f o r the benefit of (h e to ilin g m a s s e s , th e co tm try a t largo. Ingalls M a y A g a in Be Senator. A t Republican national com m iltco head q u a r ters 111 Now Y o rk to-day W, W. Sm ith of Topeka, Kan., was am o n g the callers. He predicted a Republican m a jority in K a n sas of 25,000 a n d said th a t I n g a lls will be r e turned to the senate. Encouraging N e w s ’Froin North Caro lina. The Rev. P. A. H u b e rt, D. D., of th e Af rican M. E. Zion church and financial secre ta r y of Livingston college a t Salisbury, N. C., called on General Pow ell Clayton. Ho is on his way to Schenectady, w h e re he will ad dress a m ass m e e ting of colored vo ters on S a turday m o rning a t B randyw ine park. He w ill discuss the R e p u b lican platform as com pared with the Chic.ago platform . In speak in g about the outlook for Republican in N o rth C a rolina Dr. H u b e rt said: “ T h e outlook is very bright, h u t we cannot afford to sleep. V ictory seem s certain, but it is not yet won and won’t be u n til a f ter N o v e m b e r 3.\ Germans G e tting in Line. The Germ an advisory com m ittee to the G e rm an bureau of the national R epublican com m ittee held Us first m e e ting at the na tional headquarters on Tuesday. 'There were present M essrs. R a lph T rautm a n who presid ed; L. F. Thoma, acting as secretary ; Mr. Carl P. H a u sdlt and others. The question of th e raisin g of funds was discussed in eom- ■;:smittee. The com m ittee whoso purpose is to assist in organizing the G erm an voters of New York. C o n n e cticut and New Jersey, and in supplying them w ith Germ an cam p aign literatu r e and speakers, discussed the ques tion of holding a G e rm an ..lass m e e ting in th is city, hu t decision was deferred upon this question until the n e x t m eeting, which will he held Thursday. Sulzer M ay P r e s e n tR idgw a y . T h e re was ome talk In New Y o rk to the effect th a t Congressm a n W illiam Sulzer m ight call on Senator H ill to-day to present h is claim s a s a candidate for governor. Ex- D lstrict A ttorney Ridgew ay of Brooklyn, it was also said, would call for a sim ilar pur- pose. „ . M cKinley’s C lose Friend. Judge W. A. D,ay of Canton. O., reached New York yesterday and registered a t the ■Fifth avenue hotel. Accompanied by his son, L u ther, ho visited th e headquarters of the R e p u b lican national com m ittee, and m ade an extended call upon G e n eral Osborne, the eec- retarj-. O f ‘M cKinley’s m any w a rm friends In th e state of Ohio Ju d g e Day is perhaps the closest. He has looked after the m a jo r ’s legal business while ho was In congress and ' h a s bad much to do w ith shaping the candi date’s caTOer. W h en Judge M a rtin W e lc k e r of th e northern d istrict of Ohio retired from th e bench some years ago M cKinley practical ly controlled Uie appclntm c n t. lie named Judge Day and he was later anpolnted and confirmed. His health, how e v er was poor, and seeing no prosi>eot of Im m ediate im p rove m e n t he resigned the place and the then clerk of the court. Rides, was appointed in his place. Speaking of M cKinley, Judge Day iu substance said: \I left him a t 2 o’clock Monday attornnon well and in excellont spirits. H e has stood th e fatigues of the cam iiaign th u s fa r excel lently, although ho h a s spoken alm o st daily to visiting delegations. Ho leaves to-day for a short stay a t Zoar and ho will m ake one or tw o o th e r visits hoforo ho r e tu r n s to C a n ton.\ R e g a rding poastlcal ,, c o n d itions in Ohio, Judge Day told G eneral Osborne th a t there had never been for a m o m e n t th e slightest doubt of prevailing R e p u b lican sentim e n t. M a jor M cKinley h a s repeatedly announced Ittaso lf us i>erfectly eatiefled w ith th'e s tate of affairs In the sta te and h a s expressed th e be lief th a t it will duplicate th e g r e a t m a jority of 100,000 which it gave him on one occasion for governor. ADVANCE ON DONGOLA B E G U N . K o sheh, Soudan, Septem b e r 9—^Tho Third brigade has started for A b s a rat. T h is com mences the advance upon Dongola. The Egyptian cavalry, w h ich has been a t Dulgo, the southernm o s t point reached by the ex pedition, has been sighted by a stro n g force of m o u n te d D ervishes. The la t t e r retired, carrying back' the first deHnite^ inform a tion of the presence of the troops a t Dulgo. JOHN 0. BLACK GETS OUT. H E W ON’T R U N FOR GOVERNOR OF ILLINOIS. A s a Third Candidate He S a y s He W ould Sim p ly Diminish the Chances of One of the Others. Chicago. III., Septem b e r 9—T h e follow ing letter w as issued to-day: Chicago, Septem b e r 9. Hon. C h a rles A. Ew ing, C h a irm a n , etc., Chi cago: D e a r Sir—On th e 25th of A u g u s t the con vention of honest m o n ey D e m o crats, of whoso state central com m ittee you are chairm a n , nom inated m o f o r the office of governor of the state of 111!note. A t th e tim e of this nom ination I w as absent from the sta te and had been tor n e a r ly three weeks. D u ring th a t tim e I had receive«l not one word from the sta t e of Illinois, relating In any way to political affairs, u n til the 21st, when I received a telegram from you, and telegram s from o th e r gentlem e n , advising me of th e probable action of th e convention. “I recognize the disinterested character and lofty aim s of your organization, th a t It seeks to establish the Dem o cracy upon Us ancient foundations and am id Its ancient principles, a refuge for Its errin g b r e th r e n In the fu tu r e and a safeguard of free govern m ent. I recognize the unselfish devotion of the m e n present In your convention to p r in ciple and Dem o cracy.\ On th e 26th, upon m y arriv a l a t De troit, I learned by. a Chicago paper th a t I had been nom inated. R e a c h ing Chicago on the m o rning of the 27th, I have silnce th a t tim e and until S a turday th e 5th of Septem b e r faithfully sought for*inform a tion as to the situation, th a t I m ight know w h a t my duty in the prem ises was. I hope th is Interval of nine days so occupied by m e h a s n o t been an unreasonable tim e, in view of all th e cir cum stances. On the 5th I advised the secretary of your oommt'ttee. Mr. R. E. Spangler, th a t I could not accept the nom ination, and asked him to secure an interview w ith you on the 7th, th a t I m ight form ally so sta te to yon. In th e Interval spoken of I used every m eans a t m y com m and to asceiTaln w h a t th e situ a tion in this state w a s and w h a t would be my duty. I am convinced by m y Invostlgation th a t in th is sta te th e election for g-overuor Ihes betw e e n M essrs. T a n n e r and A ltgeld. ‘‘■With absolute absence of inform a tion as to th e situation I w ired you, suggesting ob stacles in th e way of m y candidacy, which, if n o t obviated, would be conclusive upon mo; b u t I was inclined to abide th e judgm e n t of your convention, a f t e r th e ir full consider ation of those objections.’' I am fu r th e r convinced, beyond a reasonable douht, tlha't 'the only effect in th e election of m y candidacy w o u ld be to dim inish the chances of o n e o r the other of -these gentlem e n for election. Men differ in th e i r opinions as to whiose chances w o u ld be m o s t seriously Im p aired, but In any event the w h o le effect of m y candidacy, so fa r as th e election is concerned, would be iwhat I have s tated above; nam e ly, to d l m l n l ^ tbe' chances of one or the other of th e candidates. So believing, I feel constrained, highly as I prize the good ■opinion of t h e gentlem a n who placed m e in nom ination, to decline to be a candidate. W ith great respect, I am very tru ly your fellow citizen, JO H N C. BLACK. PAYING THE COUNTY DEBT. BOARD OF ESTIM A T E DECIDES TO LIQ UIDATE T H E $173,8 2 3 .1 6 , An Obligation Left Over b y the Old. Board of S u p ervisors—M oney Forth com ing for Re-indexing. The board of e s tim a te m e t In t h e m a y o r’s of fice a t 1:30 o’clock th is afternoon and decided to pay off the $172,823.16 left to the city by the board of supervisors a t the tim e of th e m e rg ing of th e county into th e city governm e n t. M ayor W u r s ter presided and there were p r e s ent P resident C lark of the board of alderm e n ; T r e a s u r e r Taylor. C o n troller P a lm e r and A u ditor Sutton. C o n troller Palm e r, In th e discussion of the question of paying th e indebtedness, said th a t th e r e was $30,000 In th e court house extension fund applicable for the liquidation in p a r t of the obligation. This will necessitate the issue of only $142,000,000 of bonds to wipe o u t th e debt. Mr. Palm e r then moved th a t the com mon counsel be requested to audit the bills for the $172,823.16 of Indebtedness when th e y are presented. T h is will get them before th e au ditor. who audit them and send them on to the controller for paym e n t. T h e debt which ■the c ity will soon pay comes from county con tracts not filed a t the tim e of th e consolidation of th e city and county governm e n t. Tho money for the reg ister’s and county clerk’s offices for reindexing will be forthcom ing when the common council approves of the budget of th e board of estim a te. In the bud get arc two item s, one of $70,000 for th e regis ter, and another of $30,000 fo r th e county clerk. OVINGTON SC H E D U L E S FIL E D In the Office of the County Clerk This Afternoon. The schedule of th e firm of Ovington Bros., th a t m a d e an aslgnm e n t recently for the ben efit of creditors, was filed in the office of the county clerk this afternoon. T h e assets are $227,805.08, less $23,000 on attachm e n ts . The liabilities are $252,014.52. The chief creditors are the estate of H. A. Ovington, for m oney loaned, $122,226.30: George B o rgfeldt & Co. of New Y o rk city. $21,015.42; F rancis Peed of the P lerrepont house, $25,000, a n d the Long Island bank, $12,- 000. H e n ry M. H a rland is the assignee. TH E DAILY TRCLLEY ACCIDENT. Trolley c a r No. 1G2 of tho N a ssau line collided with a poddlar’s wagon last nig h t a t tho corner of Bergen stre e t and G rand avenue. M atthew T r a lnor of 619 W a s h ington avenue, who was in the wagon, was throw n «■> and his back an d arm w e re badly bruised. The wagon w a s considerably dam aged. No arrest was made. PR E T T Y BABY ABANDONED. A healthy and p r e tty girl baby about th r e e weeks old, was found last n ig h t in the h a ll way of a house on low e r P u lton street. She was handed o v e r ' to a policem an of t i e Adams street station, wh'o took h e r to th e city nurse. ROLAND L SMITH ARRESTED, His Father-in-Law Says He Is a Confessed Fore;er. TH E PRISO NER M UCH D E J E CTED . Said to Have Signed the Nam e of Thom as S. \Winters to Three N o tes in Part Paym ent for a G rocery Store. Fled W hen the D iscovery W a s Made. Found Living Under an Assum ed Name in Greenport. Roland L. Smith, son-in-law of T h o m a s F. W inters of 544 Wllloug'nby avenue, Brooklyn, was arrested this m o rning a t G reenport, L. I., on a charge of forgery. Ho is accused of Indorsing three notes, tho aggregate w o rth of which was $2,500, with the nam e of ‘Thomas F. W inters, and is, by his own confession, a guilty m an. Rowland L. Sm ith Is about 25 years of a g e and a brother of V a lentine Sm ith of th o firm Sm ith & W elcome, grocers, at Bedford avenue and H ancock street. A b o u t a m o n th ago ho purchased from the firm, of which his brother is a m em b er, the grocery at tbo.corner of W illoughby and aM rcy ave nues, an establishm e n t which had previously been a branch store of Sm ith & W elcom e’s. The price which he agreed to pay was $5,000. Sm ith succeeded in g e tting his brother-in-law , T. F. W inters, jr., to advance him half pay m e n t at the required sum , while he him s e lf gave th r e e notes to the value of $2,500 as his share. 'These notes were properly Indorsed by Thomas F. W inters. L a s t week, Tuesday, the first of three, all of which were m ade payable a t th e Bedford bank, Bedford avenue and H a lsey street, were m ade due. I t was protested by the officials and the holder, Val- online Sm ith, went im m e d ia tely to the office of the elder Mr. W inters, who In company w ith a m an named H e n d e rson, who is_ in the jew e lry business In M alden lane. New York. As soon as Mr. W inters saw the pro tested note be declared th a t he never Indors ed It, n e ith e r had he ever seen the paper be- tore. valentie Sm ith told the young m a n ’s father-in-law th a t his brother had ju s t offer ed him th e notes w ithout Mr. M a rtin’s in dorsem ent. but on being told th a t they would on no condition be accepted w ithout It, he returned late with the required signatures, and nothing was suspected. W hen the forgery becam e apparent young Sm ith was confronted by his brother and Mr. W inters to whom he confessed his guilt. An E a g le reporter called a t the home of the W inters this m o rning and learned th e fol low ing from one of the m e m b e rs of th e fam ily; As soon as Rowland Sm ith adm itted th a t he was guilty of forgery Mr. W inters sent for his daughter, who was th e form e r’s wife, to retu r n from M ontgomery, O range county, w h e re she had been stopping f o r the sum m er. H e wrote her. saying th a t unless she m ade strenuous objections a w a r r a n t would be sw o rn out for her husband’s arrest. T h is occurred on a Tuesday nig h t and on th e fol low ing m o rning Rowland Sm ith was now h e re to be found. His wife, Mr. W inters’ daught&r, arrived in Brookln th a t day and said she had seen nothing of her husband. The fam ily shortly afterw a rd received word th a t Sm ith had been seen In M ontgomery by th e friends w ith whom his wife had been stopping. A fter th a t all trace of him disappeared, u n til V a lentine Sm ith, the holder of th e forged notes, re ceived a letter from his b r o th e r asking for money. T h e envelope bore a G reenport post m a rk. Tho grocer took the m issive a t once to- Mr. W inters and w ith him w e n t to the T h ir teenth precinct police station, w h e re th e assistance of the police was given. Mr. W in ters left for G reenport l a s t night. It was also learned th a t Row land Sm ith had In the first place asked hJs father-in-law to Indorse the three notes, but th a t th e la t ter had absolutely refused to do so. One resource left 'was fewgert’, an d Sm ith signed Mr. W inter’s name t oihe nates him s e lf. Smith. Arrested, in Greenport. (Special to the Eagle.) G reenport, L. I., Septem b e r 9—^Detective Koelsch of Brooklyn attached to the T h ir teenth precinct, arrived a t G reenport on the 8:C5 passenger train last nig h t and early th is m o rning arre.sted Rowland L. Sm ith on a charge of forgery preferred hy Thom a s W. W inters of 544 W illoughby avenue. The prisoner w a s here under an assum e d name, passing as R. Edw a rds, G reenport, L. I. He was found in a private boarding house on Main street. His fatber-ln-law , Thom a s P. W inters, on whoso com p laint he ■was appre hended,arrived on the evening train yesterday and was present when the a r r e s t was made. The prisoner i's very m u ch dejedtod and a wa'tch is kept OTCr him constantly to r fear he m ay attem p t to escape or do ■himself bodily injury. W hen arrested he had In his ]>osses- Eion a num'ber of pawn tickets, a revolver a n d about $25 iu ca,^h. In company w ith Detective Koels^eh a n d Mr. iW n ters, Sm ith w ill he taken to Brooklyn on the 2:35 train to-day. H e ■will be taken before Justice G o e tting for exam ina tion Im m ediately a f ter his arrival. AMEEIOAN DELEGATE SPEAKS. SU L L IV A N ’S ADDRESS TO B R IT ISH TR A D E S ’ UNION CONGRESS. H e Says the Non-Union M en of tho U n ited States Are “Social Ciphers.\ Resolutions Adopted. E d inburgh, Septem b er 9-7-The B ritish trades’ unions congress resum e d Its sessions this m o rning and adopted resolutions favor ing the paym e n t of m em b e rs of parliam e n t, co-operation and trades’ unionism and am e n d m e n ts to the ’Truck act. M essrs. Sullivan and S trasser, the dele gates of the American F e d e ration of Labor, w e re present to-day and m e t w ith an entluis- lastlc reception. Mr. Sullivan m ade a speech during which he said bo had brought the B ritish delegates greetings from tho w o rkers in 'the United States, adding -that the latter regarded the B ritish trad e s ’ unionists a s the old guard in tho labor m o v em ent and cor dially invited them to send delegates to the coming -■Vmerlcan T rades’ unton congress. C o n tinuing Mr. Sullivan g.ave an account of the progress recently made by organized labor In America, saying ib a t all the non union men there were social ciphers, w h e reas organized labor had Increased wages by at least forty m illions annually. CONTEST W IT H D R A W N . G rand Rapids, Mich., Septem b e r 9—T h e first business session of tho le t t e r carriers oonveu- tion was held yesterday. Two contests, in volving Brooklyn and P ittsb u r g , were settled am icably by the w ithdraw a l of B rooklyn. A t tbo caucus of second class city delegates re- Bolntious favoring a tenure of office b ill giving security in position during good behavior was adopted. STORM AT N A R R A G A N S E T T . N a rragnnsott Pier, R. I ., Soptombor 9—Tho w o rst northeast storm of tho season, accom panied by snow and sleot, has raged all day, Tho surf is higher than i t has been since tbo spring storm s, b u t the only dam a g e done thus far resulted from tho w a shing ashore of the big lifo rofts in front of tho Pavilion, which have been wrecked. ORGAN G R IN D E R IN J U R E D . Joseph Schcbel, an organ grinder, ■whose hom o is a t 13S Hudson avenue, was crossing Broadway, at ossuth place, a t .a late Jiour last night, when he w a s stru c k by m all c a r No. 4. He escaped w ith a badly sprain ed a'nklo. Tbe organ w as n o t dam a g ed. ST. LO UIS B E A T S H E R RECOR.D. She R eaches Southampton in 6 D a y s, 12K Hours. Southam p ton, Septem b e r 9—'Tlie Am erican lino steam e r St. Louis from New York passed the N e edles at 5;30 th is m o rning. The St. Louis loft New Y o rk on IVednesday last, Septem b e r 2, and h a s made the run from Sandy Hook lightship In about 6 days. X2y, hours, about 42 m inutes b e tter than h e r best previous eastw a rd passage, of 6 days, 13 hours and 12 m inutes, made In October last year. TH E CZAR AT COPENHAGEN. Copenhagen, Sedtom b er 9—Tho Czar and Czarina landed at noon from Kiel. They -were received by the King and Queen of D e n m a rk, the Crown Prince and P rinces, tho Princess of IVales a n d other m em b e rs of the royal fam ily, after ■which they proceed to Benstorff castle. The Czar a n d Czarina a n d tho King a n d Queen occupied the same carriage. I t was draw n by six horses and passed th r o u g h tho principal streets w h ich were beautifully decorated and thronged w ith people. T h e ir SlajostieB w e re cnthuBiastioally cheered. A MISSING SALESMAN. F E A R S T H A T C. R. FA IRCH ILD H A S B E E N FOULLY D E A L T W ITH. H is Sam p le Cases Valued at $5,000 at a H o tel in Butte. Mont.—H is Fam ily U n e a sy A b o u t Him. A dispatch was received in Ne'w Y o rk city to-day saying th a t C h a rles R ing F a irchild, a traveling salesm a n for several San Francisco jew e lry houses, had been m issing from tbe Hotel M cDerm o tt, a t B u tte. Mont., since tbe 3d inst. I t is feared th a t he has been foully dealt -n-ith o r la o u t of h is m ind. His sam p le cases, valued at $5,000 are still at th e hotel. C h a rles R ing Fairchild is th e son of Leroy W. Fairchild, a gold pen m a n u facturer, of 220 F o u rth avenue. New Y o rk. The latter is at present ou t of the city for tho benefit of his health. Only a few m o n ths ago ho lo s t a daughter. A brother of th e m issing m an said th a t he had no t heard from him in several years. H e scouted th e idea th a t his brother is dem e n ted and believes th a t he is dead. The m issing m an is m a rried, but his b r o th e r could no t say anything ab o u t his dom estic affairs except th a t he helle-ved them to be happy. \ I can assign no cause,” said H e n ry P. F a ir - child, \fo r m y b r o th e r ’s disappearance, ex cept t h a t h e h a s m e t w ith foul play.\ TOEPEDO BOAT NO. 6 LAUNCHED A SPEED Y C R AFT EN'TERS T H E W A T E R AT BRISTOL, R. I. She Is E x p e c ted to D evelop T w e n ty- six Blnots an Hour—H o w tho N e w V e ssel I s Built. B ristol, R. r., Septenffier 9 —T h e new U n ited States torpedo boat No. 6 was launched sh o r t ly a f ter 10 o’clock to-day. ‘The w e a ther was raw and a rough -wind threw up th e w h ite caps all over B ristol harbor, b u t the only u n looked for incident of th e launching w a s a delay iu th e arrival of th e naval board from Newport, Which necessitated a wait of about half an h o u r after everything w a s ready for the boat to he released from h e r cradle. Commodore C u shing was a t the head of the party of governm e n t officials. They witnessed the launching and th e ir com m ents were uni form ly com p lim e n tary to th e present aspect of th e new vessel and th e prospect of great speed and ability in h e r line of work. Captain N a t H erreshoff, the designer of No. 6, perform e d the act of christening. A fter the launching the new 'boat was moored to the w h a rf, w h e re the w o rk of putting in her m achinery will be accomplished as soon os possible. It is hoped she will be ready for a trial In about two tveeks. The dim e n sions of the boat are 179 feet 8 in ches w a ter line, IS feet beam , with a draught cf 6 and 7 feet. H e r displacem e n t of waiter is upw'ard of 200 tons for norm al draught, under ■Which she is expected to show a speed of over 26 knots per hour, or four knots per hour in excess ot th e speed of the Cushing, built by the H e rresboffs a few years ago. T h e platin g of s teel Is 3-16 of an inch thick. The plates before being attachetl were soaked in acid to prevent rusting. They lap edges and are fa.stened m ainly tvith steel rlvet^. The fram e s and deck beam s are of steel, and are form ed into bulb angles. The straps and stringers are ot steel plate and are fas tened both fore and a f t diagonally from am idships to tbe. w ing under tbe deck and along the bilges on the Ineido of the shell. Cem ented floors a r e placed under the en gines, boilers and th r u s t sealings. T h e bulkheads are of a lig h t steel, with no open ings in them , m a k ing it necessary to pass along the deck to go from one com p a rtm e n t to another. The forw a rd p a r t of the deck Is tu r tle back for a length of about tw e n ty fee.t. The a f te r end ot th e deck Is raised. The conning tow ers are each end ot the boat. Tho top o t the forw a rd tow e r Is reversible end can be raised and low ered a t -ivill. T h e others tow e r has a perm a n e n t top. Both tow ers are fitted out w ith tbe usual lookout places and beside there a r e port holes nine inches In diam e te r. The boilers are ot the T h o rncroft pattern, b u t w ith Ideas of the builders carried out in the details. ‘There are th r e e sets of hollers and the engines are quadruple expansion of 1,800 Indicated horse power. THE ANGLEE’S GLOBE CALL. CAME N E A R BE IN G SU N K TO-DAY BY A SCHOONER. Only Fe'w Passengers on Board at the Tim e—The R o o b a w a y Boat Continues Her Trip. The R a c k a w a y steam e r A n g ler, which left the B a ttery shortly after 10 o ’clock this m o rn ing. had a narrow escape from being sunk by a three-m a sted schooner when opposite L iberty Island. .\s It w as no other dam age was received by the Rockaw ay boat than t.he loss of h e r flag and some of the paint from, h e r after woodwork. There were few passengers on hoard and llttlo or no excitem ent. Tho schooner was headed up the bay and was on the port tack. Tho com m ander of the A n g ler thought th a t she would pass well to his ste m and headed across h e r bows a t full speed. T h o schooner w as going w ith the speed o t a race horse and ju s t nipped the talTrall and flag of tho steam e r with her rig ging forw a rd. ■’The nam e of tho schooner could n'Ot be learned. The A n g ler continued on h e r trip . F L A T L A N D ’S TAX ROLLS. The tax rolls for tho town of Flatlands f o r 1885 taxes havo boon handed in to tho c o u n ty treasurer. T h e re still rem a ins duo in assoss- m enta and taxes unpaid about S25.000. Tho property r e p resented by these arrears is liable to sale t o r taxes. NEWJERSEySILVEDMLS RULE, EX-SENA T O R PA Y N E DEAD. The Democratic Convention Meets to Name Bryan Electors. C H E E R S FOR TH E CANDIDATE. Gold Men Made no Contest at tho Pri maries and There Is Little or N o Op position to the Chicago T icket—Ex- Congressm a n Cutler A d d r e sses the D elegates on Campaign Issues—En thusiasm at Trenton. H e Did N o t R a lly From a Stroke of P a r a lysis. Cleveland. O., Septem b e r 9—Ex-U n ited States Senator H e n ry B. Payne died a t 9 o’elock this m o rning, at his hom e, 595 Euclid avenue. H is death -was due to paralysis, w ith which he was stricken a few dayp ago. H is son. Colonel O liver H. Payne, of New York, and h is daughter, Mrs. Charle.s \V. Bingham , the only surviving m em b e rs of hi.s fam ily, were at his bedside when he passed away. MR, BRyWI'S LEnER, Swears Allegiance to the Chi cago Platform. T renton, N. J., Septem b er 9—The delegates ■to the D em o cratic state convention, called to nom inate presidential electors, began to a r rive early and by 11 o ’clock the hotel corri dors -were croiwded. The sentim e n t every where ^vas for silver, there being but a fetv gold delegates, the gold men for the mc.st p a r t having m ade no contest a t the prim a ries The E ssex delegation arrived in a body and, headed by a brass band, m arched to Masonic hall. Colonel Price, the leader cf the Essex delegation, w a s seen by a representative of the Associated press and a-sked as to the tru th of the r u m o r th a t he had a l e tter from U n ited States Senator Sm ith, who Is now in Europe, defining t h e senator’s position with reference to the cam p aign and which would bo read in the convention. Colonel Price denied having any such letter and said so far as he was aw are th e r e w a s no such letter in existence. R o b e rt Davis, the leader of the Hudson delegation, had taken a flop from A tkinson of B u rlington for perm a n e n t chairm a n and said th a t th e Hudson delegation would s u p p o rt Senator Daly. Davis adm itted he had pledged him self to A tkinson bu t at the tim e he did not kno-w th a t Daly was a candidate. The Hudson deiegatlon, however, he said, would not go back on one of Its own men and he felt constrained to support tho Hudson county senator. A tkinson was very angry over the turn things had taken and declared his In tention of m a k ing a fight In the convention through 3 m inority report of the com m ittee on perm a n e n t organization. Tho D em o cratic convention ■was called to order at 12:15 o’clock by cx-Congressm an Samuel Fow ler of Sussex county, who is a c t ing chairm a n of the D e m o cratic state com m ittee in the absence of Senator Sm ith. Mr. Fow ler said th a t tlie convention had been called to nam e electors to cast tho vote of the D e m o cratic state of New Jersey for that \honest able, fearless statesm a n , TVilllam J. B ryan.\ The m ention of Mr. Brj-an’s nam e was the slgn.al for an o u tb u r s t of applause which lasted for fully a m inute, the dele gates risin g in their seats. Mr. Fow ler then nam ed ex-Congressm an A u g u stus tv . C u tler a s the ch-oice o t the state com m ittee for tem p o rary chairm a n . Mr. C u tler, who has been th e defeated asp i ra n t for the D em o cratic nom ination for gov ernor a score of tim es, then began to speak. H e read h is address from m a n u s c ript and started off by saying th a t we w e re nearing a crisis -where th e money power w as becoming so dom inant th a t the flower of the country, the producers of wealth, were being crushed do«Ti under tbe w e ight th a t was m a k ing them poorer and poorer. Ho then took up tho discussion of the money question and quoted from Jam e s G. B laine an'd other prom i nent R e p u b licans to show th a t th e y had been for a gold and silver currency. Mr. C u tler said t h a t tbe United States could adopt a free coinage basis irrespective of the other n a tions. H e said th a t when the colonies - In- 1776 w'ere able to successfully declare th e ir independence, they ought to be able to do so in 1896. A fter Mr. C u tler had closed his speech a delegate from Essex county, named IV ilbur H u n tington, attem p ted to speak. Im m e d i ately there w e re objections fro.m the Essex delegates an d the convention was throw n In to an uproar. H u n tington is a gold m an who was elected from M o u n tclalr. hut was re fused credentials by the county com m ittee of Essex county. D u ring the uproar, W ill iam K. D evereaux, a M o n m o u th county dele gate, who was on the stage, approached the footlights and started up a B ryan cam p aign song. T h e delega'tes all joined in and at the close of the song H u n tington had changed his m ind ab o u t speaking a t the present. C h a ir man, C u tler then announced th a t John M a tti- son of Som e rset, Jam es C a rpenter of G lou cester and W iillam K. D e v ereaux of Mon m o u th had been appointed as.,tem p o rary .sec retaries. Samuel Semple, who had been agreed upon as one of th e secretaries w a s dropped because It was ascertained th a t he w a s a gold man. The coram itteea on credentials, perm a n e n t organization and resolutions were then ap pointed. Samuel Bigelow, an Essex delegate, offered a resolution reciting th a t s^ome of tho m em bers cf th e D em o cratic state com m ittee were net loj'al to the D em o cratic platform .and ticket and recomraendln.g th a t the chairm a n of th e conveu^tion a p p o int a com m ittee of five to suggest th e pre-per course to be pursued bv th e convention. The resolution was referred to tho com m ittee cn resolutions w ithout de bate and th e couventto'n took a recess until 2 o’clock. NE'W O RLEANS B A N K FA ILS. New O rleans, La., Septem b e r 9—,\t 11 | o'clock to-day tho f a ilure of iho Union N a tion- 1 al bank was announced. Stephen Charl.nron is ! prosident of the bank; its capital stock is I $500,000 a n d i t claim ed to havo beside a pur- | plus of 8150,000. The bank failed to cle.ar this j m o rning, its doors -wore opened for a short j tim e , bu t closed at 10 o 'clock. WON'T TAKE A SECOND TERM. MRS. PA R N E L L SER IO U S L Y ILL. D u b lin, Septem b e r 9—Mrs. D e lia T. H. P a r nell, m o ther of the late C h a rles Stew a rt P a r nell, is seriouely ill a t B ray, n e a r this c ity. WALES’ HORSE A WINNER. PERSIM M ON C A P T U R E S TH E ST. LE G E R STA K E S A T DONCASTER. The Derby V ictor Takes Another B ig Event in a Canter—Am erican Owners Had E n tries. D o n c aster, Septem b e r 9—The P rince of W ales’ bay 'colt. Persim m o n , w inner of th is year’s Derby stakes, and a b r o th e r of Florizel II, won th e St. Leger s takes to-day In a canter by a leugth-and-a-half. T h e D u k e of W e s t m inster's L a b rador was second, and the D u k e 's Ram p ion was a very bad th ir d . T h e re were seven starters. The resu lt in detail was as tollows: T h e P r in c e of W a les’ b. c. P e rsim m o n , 3 years old. by St. Sim on, out of P e n llte I I ................. 1 T h e D uke of W e s tm in s ter’s br. c. I.aibrador, 3 years old. by Sheen, out of O r n a m e n t ............. 2 T h e D u k e of W e s tm in.ster's ch. c. R a m p ion, 3 years old. by A m p h lon. o u t of R y d a l ............. 3 If Elected H e Says He W ould Posi tively Refuse to Be a Candidate In 1 9 0 0 —A Defense of the Democratic Plank Concerning the U s e of Federal T r o o p s in Quelling R io t s —Bryan Be lieves in the Monroe Doctrine—No E x cuse for Any More Bond Issues—Con cerning Civil Service H e S a y s : ’‘A Permanent Office H o lding Class Is N o t in Harmony W ith Our Institu tions\ — T he Mone.y Question Para mount. * The c o n d itions of the race w ere: The St. L e g e r Stakes of 25 aovs each, for 3 year olds, colts ■to c a rry 126 lbs.; fillies, 123 lb s .: t h e ow n e r of th e second horse to receive 300 EovB.. and tho th ir d 100 sovs.. out of the stakes; distance about 1 mile, furlongs. There w e re 226 subscribers. Among th e entries, which losed Septem b e r 18, 1894, w e re: Mr. A u g u st B e lm o n t’s Carino. M a rgrave II and his bay colt Refugee, II; L o r i uD n raven’s brow n filly P e s ta ; Mr. Pox- hall K e e n e ’s colt, by B a rcaldine, o u t of D im ity, his colt by Donovan, out of Royal Nun. and his filly by St. Serf, o u t of M aid of D o r s e t; Mr. J a m e s R. K e e n e ’s colts. D e fender II, Peep O’Day. I l l ; Qolderest, II, and Sw ift- foot a-nd h is filly, Juno, II; P ierre L o rlllard’s Dakota, II; and K ing of Bohemia, 11; Lord R c s e b e rry’s c o lts. B e rke ley a’nd The W in ter K ing; B a ron de R o ths child’s M a jestueuse and Lole F u ller, and Mr. Leopold do R o thschild’s Galeazzo and St. Pnisqutn. The Prince of W ales and a large cnxk'd of friends w e re p r e s e n t a t th e race, which was regarded ■as a sure th in g for t h e prince. Nev- ertheJess, Persim m o n ’s victory was a m o st popular one and was greeted w ith a storm of cheering. THREATENED JUDGE GOETTING W E N Z E L TH IN K S HE W A S TOO H A R S H TO HIM. SET THE DAUGHTER FREE. TH E N JU S T IC E LEMON GAVE H E R F A T H E R A LECTURE. Jail Keeper Bell Had H is Child Ar rested on the Charge o f Being a D isorderly Person. John Boll, w h o has been connected adlh the police force of this city for m any years and Is at p r e s e n t a keeper In Raym o n d stre e t jail, had his daughter, -4nnle, arrested as a disorderly child, clalm lug th a t she was as sociating w ith a disorderly woman. The prisoner proved to be a p r e tty girl, IS years of age. She told Ju.stlce Lem o n th a t she had not lived a t hom e for over a year, but had ■workcid to s u p p o r t herself. Bell then told the justice th a t the woman in question was his own cousin and th a t she had been the pro prietress of a house in the tenderloin dis trict, New York. W hen asked for evidence to bear out his allegation he pleaded that he had not had tim e to get it. Justice Lemon then told B e ll th a t he had been given one adjournm e n t and was aw a re of the date set for trial. The justice then proceeded to ad m inister a lecture to the m an about com prom ising a wom.an’s character as he had done w ithout corroborative testim o n y . The girl was then dlS'Charged from custody and all filed o u t of court. Tho girl declared she would not go back to her fa th e r ’s home. T W E N T Y A R M EN IA N S SLAIN. London, Septem b e r 9—The D n ilj' Telegraph publlBhes a dispatch from A thens, which says th a t an official dispatch roceivod there states th a t tho T u rks h.avo mass.icred tw e n ty refugee Arm enians in Scutari. This dispatch also states th a t 3 procl.am.ation is b eing scut broadcast through Thessaly, re ferring to tho recent .■Ivmeniim coup in Con stantinople, when tho Ottom an bank was seized, and u r g ing M acedonians to mako a sim ilar c o u p and to w ring autonom y from re- Inctnnt Europe. CIVIL SERVICE COMMISSION. Tho c ivil servieo commission ■will moot at 5 o’clock to-m o rrow afternoon to c o n sider a ll tho business t h a t has accum u lated during the va cation. An eligible list for jintrolm o n will bo prepared n e x t week. A Pure Coal, High in Carbon, C,o\v in A sh. K exsex & L o u g h l in , N o v ins andDouglass sts. —AAv. H e H as Haunted the Judge’s H o u se for Some Time—Ssntenced to Six Months. W iillam J. Brj-.an's letter accepting tho n^omination of the Chicago D em o cratic con vention for President was issued to-day. It Is as follows: lion. Stephen M. W h ite and others, m em b e rs of the notification com m ittee of the Demo cratic national cotivention: Gentlernen—I accept tho nom ination ten dered by you on behalf of the Dem ccratio party and In so doing desire to assure you th a t I fully appreciate the high honor which such a nom ination confers and the grave re- sponBlbilities which accompany an election to the presidency of the U n ited States. So deeply am I Impressed with the m a g n itude of the pow er vested by the constitution in th e chief executive of tbe nation and w ith th e enorm o u s influence which he can wield for the benefit’, or injury of thd people th a t I wish to enter the office. If elected, free from every personal desire except the desire to prove w o rthy the confidence of my country. H u m a n judgm e n t is fallible enough -when unbiased hy selfish considerations, and in order th a t I m ay n-ot be tem p ted to use the patronage of the office to advance any per sonal am b ition. I hereby announce, -with all the em p h a sis which words can express, m y fixed determ ination not under any circum stances to be a candidate for re-election in case this cam p aign re.sults in m y election. I have carefully considered the platform adopted by tbo Dem ocratic naJtional conven tion and unqualifiedly indorse each plank thereof. , Our in s titutions rest upon the proposition th a t all m en, being created equal, are entitled to equal consideration ai the hands of the governm e n t. Because all m en are created equal it does not follow that a citizen has x n a tu r a l rig h t to injure any other citizen. The m a in purpose of governm e n t being to pro- t ^f* 'T <Tavi'C* 1l T ri 4V, ^ • 1 \ . I .vvt . ^ ww.,-vv, i ^ Ills tect alt citizens in the enjoym e n t of life, lib erty and the p u r s u it of happiness, this pur- pfise m u s t lead the governm ent, first to avoid acts of affirm ative injustice, and, second, to r e t r a i n each citizen from trespassing on the rig h ts cf any cither citizen. A dem o c ratic form of governm e n t is con ducive to the highest civUization, because It opens before each Individual the greatest op portunities for development and stim u lates to the highest endeavor by Insuring to -ea e t t .^ , ni 1 fu ll PTVlfWTTlAnr rtf a ll t Y i o T * « a a f < i t s f Che full enjoym e n t of all the rew a rds of toil excepd such oontrlbutlon as Is necessary to support th e governm e n t which protects him . Dem o cracy is indifferent to pedigree—it deals ■with the Individual rather than with his an cestors. Demiccracj' ignores differences in w e a lth—n e ither riches nor poverty can he In voked in behalf of or against any citizen. D em o cracy know s no creed—recognizing the righ't of each individual to w o rship God ac cording to th e dictates of his ow'n conscience. It welcom es to all a common brotherhood and guarantees equal treatm e n t to ail, no m a tter In w h at church or through w h a t form s they com m u n e w ith th e ir C reator. H aving dis cussed portions of the piitform a t the tim e of Its adoption and again when your letter noti fication was form ally delivered. It will not be necessary at this tim e to 'touch upon all th e subjects embraced Tn the party’s declara tion. A Dual Government. H a rtm a n W enzel, 60 years old, who som e tim e s m akes h is home tvith b.ls relatives at 238 H o p k ins street, was sentenced to the penitentiary fo r six m o n ths by Police Justice G o e tting In the Lee avenue court this m o rn ing on a charge of Intoxication. Tho sever- tty of the sentence is explained when it is stated th a t 'Wenzel has on several occasions during the last three m o n ths threatened to kill Ju s tice Goetting. The m a g is trate rea soned th a t he did not care to die fo r six m o n ths a t least and so he sentenced We.azel to the penitentiary for th a t length of time. .At about 5:30 o’clock yesterday afternoon W enzel m ade his appeaaace in th e re a r of Ju s tice G o e tting’s home a t 688 Bush-wlck ave nue. T h e m a g istrate’s son w atched W enzel in the yard for several m inutes and then thinking that the old man would go away, paid no attention to him . A half hour later YJenzel knocked at the re a r door leading to the heuse. lATten the door was opened and W enzel was asked 'what he w a n ted, he said: “ I amo h e r e to kill Judge G o e tting. He has wronged m e and he had b e tter prepare for death. H e made my life ------ ’’ W enzel d id n ’t have an opportunity to fin ish his talk , for young G o e tting slamm ed the door and then ran out through the front of the house and got Policem an Cox ot the T w e n tieth precinct, who w as on post in th e vicinity. Cox found W enzel still in the re a r of the police m a g istrate’s residence, and as it w as evident th a t he had been drinking he was locked up In the H a m b u rg avenue station house on a charge of intoxi cation. W enzel ■was searched b u t no weap ons w ere found in his possession. O rdinar ily, \Wenzel w o u ld have been arraigned before Ju s tice Lem o n in the Gates avenuo police court, but a t Justice G o e tting’s request W en zel was taken to th e Lee avenuo police court, w h e re the la t t e r m a g is trate presides. W enzel when arraigned, was unable to m a k e an intelligent slatem e n t. L a ter, when questioned by a reporter he said he calli>l a t Ju s tice O o e ttlng’s house, believing he w o u ld be able to secure w o rk. Ju s tice Goet tin g told W enzel he considered him a dan gerous person and th a t h e -would be better off In prison. The m a g istrate thereupon pro nounced sentence as already indicated. \ I have had W enzel before me a great m any tim e s .” said Ju s tice G o e tting to a reporter of tho Eagle, \and I have sent him to the peni ten tiary once o r tw ice before. H e is laboring under the delusion th a t I w rongfully sentenced him the last tim e and ever since he was re leased he has haunted tho neighborhood of my hom e. Shortly after I returned from Europe, W enzel w e m to a saloon n e a r m y residence and asking w h e re I lived, announced th a t he had m ade up his mind to kill me. At th a t tim e he had a revolver and was otherw ise arm e d , I understand. Oh, ho is a bad one. I rem e m b e r several years ago th a t I com m itted W enezl to th e inebriates’ home. He only rem a ined there one day, I believe, for ho jum p ed over the fence and escaped. Wenzel will certainly h a r m no one in th e penitentiary.” H o n e st differences of opinion have ever existed and ever will exist as to the m o st effective m eans ot .securing domestic tran quillity, but no citizen falls to recognize a t all tim es and under all cir-cumstances the absolute necessity for the prom p t and vig orous enforcem e n t of law and the preserva- \ tion of the public peace. In a governm e n t lik e ours law is but the cryslalUz.itton of the ■will of the people; w ithout it the citizen is n e ith e r secure in the enjoj-m ent of life and liberty nor protected in the pursuit of hap piness. 'W ithout o'oedience t-o law govern m e n t is impossible. The D em o cratic party Is pledged tn defend the conetitutlon and en force tho law s of the U n ited Stale.s and It Is also pledged to respect and preserve the dual schem e cf governm e n t in s titu ted by the fou-nders of the republic. T h e name. U n ited S tates, was happily chosen. It combines the idea of national strength with the idea of local self governm e n t and suggesto \an in dissoluble union of indestructible statee.” O u r revolutionary fathep.s, fearing the tend encies tow ard centraiizatioii, as well as the dangers of disintegratioii, guarded against both, and national safety, as well as domestic security, is to bo found in th e careful observ ance of the limit-atiens which they impose. E will bo noticed that, w h ile the U n ited Sta-tes guarantees to every state a repub lican form of governm e n t and is empiowered to protect each state a.gainst Invasion, it Is no t authorized to iii'tcrCore in the domestic affairs of any state except upon application ■ c-f the legislature of the state or upon the application of t'ne executive when the legis latu r e cannot be convened. T h is provisiou rests upon the sound theory th a t the people of the state, acting ^through th e ir legally chosen representatives are, be cause of their more intim a te acquaintances w ith local conditions, better qualified than th e P resident to j'adge of the necessity for federal assistance. Those ■who fram ed our co n s titution w isely determ ined to m ake as broad an application of the principles of lo cal seif governm e n t as circum stances would perm it, an-d we cannot dispute the correct ness of tho position taken by them w ithout expressing a d istru s t of the people themselves. TRANS-OCEANIC TELEPH ONY. London. Soptombor 9—.An Odessa dispatch to the D a ily News says th a t a Moscow electri cian, nam e d K ildischewsky, is com ing to L o n don to test a new telophouo discovery ho has m a d e -with tho A tlantic cubic. A M E RICA N SUG AR DIVIDENDS. Tho directors of tho Am erican Sugar Bofin ■ in g com p a n y have declared the r e g u lar quart erly di'vidends of 3 p e r c e n t, on th e common aiid p e r c e n t, on the preferred stock. Econom y. Since governm e n ts exist for the protection of the rig h ts o t the people and not for their spoliation, no expenditure of public money can be justified unless that expenditure Is necessary for the honest, econom ical and efficient adm inistration of th e governm ent. In determ ining w h a t appropriations are nec essary the in terest of those who pay the taxes should \be consulted, rath e r than the w ishes of those who receive or disburse p )BH lie moneys. u - ' Bonds. A n Increase in the bonded debt of the U n ited S tates a t this tim e is entirely w ithout ex cuse. T h e issue of interest bearing bonds w ithin the last few years has been defended on the ground th a t they were necessary to secure gold w ith which to redeem U n ited S tates notes and treasurj- note.s, but this ne cessity has been imaginarj- rath e r than real. In s tead ot c-xercising the legal rig h t vested in the U n ited States to redeem its coin In e it h e r gold or sliver tho executive branch ot tb e governm e n t has followed a precedent es tablished by a form er a d m inistration and su r rendered the option to the holder of th e obli gations. T h is administr.ative policy leaves th e governm e n t a t tho mercy of those who find a pecuniary i)rottt In bond issues. The fact th a t th e dealers in money and securities have been able to deplete or protect the treasu r y according to tho chatiging whims, shows how dangerous it 1s to perm it them to exercise a controlling influence of tho treasury depart m e n t. Tho governm e n t of the U n ited States, wffien adm inistered in the Interest ot all tho people Is able to eetabllsh and enforce Its fina-nc.lal policy, not only -without tho aid o f syndicates, bu t in spite of any opposition w h ich syndicates m ay present. T o u s e r t th a t 4
