gsvmwssnsm Niamey SM ;; EXTRA NEWS ‘ We are selling LAGK KERSEY OVEHEDATS Out Long at $10 Taft Brothers. Norwalk. V" \ “SSW. V t. W .. semvmrsv assessmma “ eaS Vol. IV. Commissioner Shoshan Surrenders. NEW YORK. Dec. 11.—Commissioner Shes-ban s suede-red himself to the dis— trirt attorney ted a.y He was accompani d by his attorney Edward Brown, and his bondsman, ex—United States Marshal John W. Jacobus, who offered his house, 74 Perry street, valued at $25,000, as surety for the bond of $1,000 ordered by the dis- trict attorney. Sheehan was afterward ar- raigned before Judge Martino of the gen- eral sessions. $1,500 Package Lost. NEW YORK, Dee. 11.—A package con- taining 81,500 is reported to have been lost in the New York postoffice. It is said that it has been traced to either the registry or postal money order department. Assistant Postmaster Swift said, “An investigation is now in progress, and a report will be made very shortly.” He declined to give any particulars. The Arrhenian Outrage. VIENNA, Dec! 11.—All foreign diplomat- ic action at Censtantinople has been sus- pended in‘co’n'sequ’ence cf the exchange of views which, on the initiative of Great Britain, is ffproceeding between the Berlin treaty powers with the view of taking joint act-ion on the Armenian question. Chewed Dynamite and ‘Vas 'Killed. MIDDLETOWN, N. Y., Dec. 11.—A young man named Davis of Walton, N. Y., chewed the end of a dynamite cartridge off, and it exploded. Davis was killed in- stantly. ' The “’eather. Cloudy, followed by fair; warmer. FINANCIAL AND CORIMERCIAL. Closing Quotations of the New York Stock Exchange. NEW YORK. Dec. 10— \ioney 011 call easy at l per cent. Prime mercantile paper, 2%@4}fi per cent. Sterling exchange strong. with actual business in bankers bills at $4. 88}§@4. 88% for demand and at $4. 8.}§@4 81% for 60 days. Posted rates. $4.87}§@4.88}é and [email protected]}é.‘ , Commercial bills. $4. €6%@4.86K. Silver certifig sates. 61%; no sales. Bar silver. 61. Mexi- can dollars. 50. nominal. Government bonds firm. State bonds dull. Railroad bdnds easier. Closing prices: Atchison .......... N. J. Central ...... 92% 5 71% North American. 4% 28% Northern Pacific. 4% pref .......... 17% Bur. & Quincy... C.. C.. C. & St. L. Chesapeake &. 0.18 Do. Chicago Gas ...... 72% N. Y. Central. 09% Cordage ........... 9%. Omaha ............ 34% Cotton Oil ........ 27% Ontario & West” 15% Del. & Hud . . . . . .L126% Pacific Mail ...... 23 Distillers‘ Trust. 9 Reading .......... 15 Erie ............... 10% Richmond Term. 16%, General Electric. 35% Rock Island ...... 62 Hocking Valley.. 18 Silver Bullion....' 61% Lackawanna ..... 160%; St. Paul .......... 58% Lake Shore ........ 136% Sugar Refining... 91%, Lead .............. Texas Pacific ..... 9%, Union Pacific.... 12 Wabash pref... .. Western Union.. 40% Louisville &N ash. 54% Missouri Pacific.. 28% Northwestern . . . . 98% New.England ..... 31% General Markets. NEW YORK. Dec. 10. ~FLOUR—State and western quiet. but fairly steady: cily mills pat- ants. [email protected]; winter patents. $2. 81$@3. 15: city mills clears. $3. 35: winter straights. 82. 35@2. 75. WHEAT—No. 2 red opened lower under heavy foreign selhug. weak cables and 1. 200 000 bushels increase on passage. but subsequently rallied on covering: January. 60 7-16@60}fic.. March. 62 9-16c. RYE—Nominal. carlots. .454@56c boats, 56@ 58c. CORN—No. 2 opened weaker with wheat but promptly recovered on light receipts and small inspection; May. 53%“ December, 55K® 56c. OATS—No. 2 quiet but- steady: May, 86%0. .. track. white state. 37@42c. PORK-Dull: new mess, $13. 50@14; family, 512. 50@l3. LARD-V’Veaker; 87.2236, nominal. BUTTER—“baker: state dairy. 13®23c.: state creamery. 18@:Z4c. CHEESE—Quiet: 9®113~4c4 small. 9mm. EGGS—Quiet; state and Pennsylvania. 26@ 270.: western. mzec. SUGAR—Raw dull: fair refining, 80.: centrif- ugal. 96 test. 3km: refined quiet; crushed. 4 11-16 @4%c.: powdered. 43-15@4%c. MOLASSES—Steady; New Orleans. 28®37c. RICE—Quiet; domestic, WM“ Japan. L 4940. ' ALLOW—Firm; city. 4540.; country. 4%0. . HAY—Steady; shipping, 50@55c.; good to choice. 60(377Kc. prime western steam. state. large. IT FASTENS ITS HOLD ”upon you before you know it. It is sure to be in the air we breathe, the water We drink. The germ of Consumption is everywhere present. The germ begins to grow as soon as it reaches a weak spot in the body. Catarrh, Bronchitis, and a scrofulous condition, furnish these weak spots. The way to fight these germs—begin early—render the liver active and purify the blood with Dr. Pierce’s Golden Medical Discovery. Besides, it builds up healthy flesh. It’s guaranteed in all bronchial, throat and lung afiections, ' every form of scrofula, even Consumption in its earlier stages. If the “Dis- covery” fails to benefit or cure, you have your money back. Fortify yourself against disease by makmg the body germ-proof, then you will save yourself from grip, malaria, and many of the passing diseases. the per- Ca- It cures Catarrh in Head —— perfectly and manently —— Dr. Sage’ s tarrh Remedy. Whole N0, l004 Senator Gail’s Resolution Is Intended to Bring That About. THE GENO-JAPANESE WAR. Florida’s Senator \Vould Like to Have the Great Powers Attempt to Bring Peace ——A Dull Day. In the House of Representatives. WASHINGTON, Dec. 1.1 —Mr. Harris (Dem., Tenn. ), president pro tem., called the senate to order today in the absence of Vice President Stevenson, who has not yet returned from Asheville, N. 0., where he is with his family. Senators Hill, Black- burn and Carey were in their seats for the first time this session. Mr. Merrill (Rep. ,- Vt.) gave notice that tomorrow he would address the senate on sundry senate bills -, relating to proposed financial legislation instead of on Wednes- day, as he had heretofore given notice. A resolution was. passed filling the va- cancy in the board of regents of the Smith- sonian institution at Washington by the appointment of Gardiner G. Hubbard of Washington. - On motion of Mr. Frye (Rep. , Me. ) a resolution was adopted requesting the sec- retary of war to transmit to the senate the report bf the board of engineers and bridge building experts on the bridge proposed to be erected by the New York and New J er- sey Bridge company across the Hudson river. Mr. Gall (Dem., Fla.) presented a reso- lution setting forth that the independence of the island of Cuba is an object of great importance to the United States and to the commercial and political interests of the people of both countries and requesting the president to commence negotiations with Spain for the recognition of the independ- ence of the island and for the guarantee by the United States of the payment of such a sum of money as shall be agreed on between the United States and Spain. The resolution went over until tomorrow. A China-Japan Resolution. Mr. Gall also presented a resolution de- claring that the further prosecution of the war between China and Japan to the dis- integration of the ancient government and nationality of China will not be advan- tageous to the peace or civilization of the nations of the world and their progress in the arts. and that the interests of the world' require that all governments shall unite in negotiating with Japan and China for the termination of the war and the settlement of their differences by arbitration on terms just and honorable to both nations, and for such guarantees by the government of China for the protection of the lives and property of the citizens and subjects of for- eign governments as shall be adetmate for this purpose. Without discussion the reso- lution'was referred to the committee on foreign relations. The events of the past few days leave lit- tle room for doubt that the financial ques- tion is to be a prominent topic in the sen- ate during the present session, and there are some facts which point to a state of afiairs which may render the session one of great interest. It IS understood that the instructions of the Democratic senatorial caucus do not go to the extent of indorsing the recommendations of the president and Secretary Carlisle, but only require the finance committee to take these sugges- tions under consideration as they would any other suggestions bearing upon the question which might come from a credit- able source. There is little doubt that the finance committee will take the subject up, but with what result is not so easily stated. In the senate at large the plan appears to commend itself to some of the southern senators largely because of its provisions for the removal of the state bank tax. If a bill on the lines suggested should reach the senate, it would be opposed by the extreme free silver men, who believe that if a law containin such provisions should be enacted it woqu prove a death- blow to silver. In the House. Today under the rules the house devoted itself to the consideration of business re- ported from the committee on the Dis- trict of Columbia, and immediately after the calling of committees for report the house, on motion of Mr. Heard (Dem., Mo), chairman of the District of 001mm bia committee, went into committee of the whole. — Postmasters Nominated. WASHINGTON, Dec. 11.—The president today shut to the senate the following nominations of postmasters: New York—James Halllgan, Canajo- harie; George H. McKinley, Clayton; John Stamford; Thomas A. Riley, Ticonderoga; Robert BhBarrett, Washingtonville; Wil- liam H. S. Smith, Hempstead; Dewitt Mc- Keel, Farmer; Winfield S. Watson, Fair- port; Henry J. Buell, Holley; Robert G. .Henry, Cambridge. ‘ New, Jersey—Benjamin Hilton, East Orange; W. Conover Smith, Keyport. ~. Letter Carriers Win. WASHINGTON, Dec. 11.—The United- States court of claims today rendered judg- ments in favor of about 260 Baltimore let- ter carriers for time served in excess... of eight hours a day, the whole amounting to about $180,000. Bissell Goes to Buffalo. WASHINGTON, Dec.11.——Postma.ster Gen- eral BiSsell has left for Buffalo, where he will spend a week or more attending to private business. First Assistant Jones is the acting postmaster general in Mr. Bis- scll’s absence. Colorado Mine on Fire. NEW CASTLE, 0010., Dec. 11. —-Fire broke out in the Vulcan coal mine in the new Ilope, in which 55 men were employed, to.~ day. It is supposed that the fire was caused by the accumulation of gas. Failing to subdue the flames by applying water through the means of hose, the manage. ment decided to flood the mine It will Bike at least two weeks to extinguish the 0 . 4. 2' 0111’s 111111111101 S. Edwards, Sayville; John C. Van Dyke,. Norwalk 001111.. Tuesday Evening, December 11,1894. 0111111111 1110111113. Explains His Financial Plan to the Committee on Banking. PROMINENT MEN PRESENT. The Secretary of the Treasury Elabbrates His Scheme and Answers Questions Put to Him by Several Members. of 'the Committee. WASHINGTON, Dec. 11.—Secretary Car- lisle appeared before the house committee on banking and currency today to present in detail the features of the new currency plan proposed in his annual report and en- dorsed in the president’s message. There was much interest in the hearing, as it was felt that Mr. Carlisle would lend a more popular interest to the subject than had appeared in the formal report. The crowd in attendance made it necessary to use the large room of the committee 0n ways and means. Besides the full membership of the committee present Senor Romero, the Mex— ican minister, and many members of con- gross were in attendance. Mr. Carlislc adopted an easy, conversa- tional style of address. He said he was ready to answer questions from the com- mittee as well as to elaborate his own views. He took up each section of his re- cent recommendations. - “First—Repeal all laws requiring or au— thorizing the deposit of the United States bonds as security for circulation, and, sec- ond, permit national banks to issue notes to an amount not exceeding 75 per cent of their paid up and unimpaired capital, but require each bank before receiving notes to deposit a guarantee fund consisting of United States legal tender notes, including treasury notes of 1890, to the amount of 30 per cent upon the circulating notes applied for, this percentage of deposits upon the circulating notes outstanding to be main- tained at all times, and whenever a bank retires its circulation, in whole or in part, its guarantee fund to be returned to it in proportion to the amount of notes re- ceived. ” Says Bond Plan Prevents Elasticity. Mr. Carlisle' said he was satisfied that the present law requiring the deposit of bonds to secure circulation prevented the elasticity of the currency. “The provision outlined,” said Mr. Car— lisle, “gives ample protection without the deposit of bonds as required by the present law.” Mr. Cnrlisle said the practical value of a reserve fund of currency was shown in 1891. There was a demand for money ag- gregating $40,000,000. The treaqu did its best to meet the stringency, but at the time the notes were ready to distribute the demand had gone by, and many of the packages of notes were returned unopened. The secretary inv itcd criticism of this particular section. Chairman Springer asked how the secretary’s plan differed from the Baltiir orc plan. Mr. Carlisle ex- plained the technical difference. The Bal- timore plan proposed a deposit of 50 per cent under certain conditions, while the treasury plan proposed a deposit of 30 per cent. When a bank failed, the treasury plan contemplated an assessment on all national banks, they in turn having a lien on the failed bank. Representative Hall (Mo. ) suggested that them was a prevailing opinion that it was unsafe to place the entire question of expanding the currency in the hands of corporations and banks. “It will Work automatically, ” said Mr. Carlisle. “Banks will not expand the cur- rency unless the public need it. Their in- tercst will be to expand and contract as the common interests demand. These inter- ests will therefore control at all times.” Importance of Flexibility. The secretary urged that this flexibility was much more desirable than a rigid sys- tem by which a fixed amount of currency was always outstanding. At one time the stringency was so 'great that the banks drew out 813, 000,000 under pressure, and if it had not been for the Canadian banks who sent currency into this country seri- ous results might have ensued. Mr. Johnson (1nd.) asked if the Balti- more plan did not contemplate government liability. Mr. Carlisle said the ultimate liability was on the government by the Baltimore plan and on the banks by his plan. The banks were compelled to kee the safety fund always intact. As fa as depicted the banks had to bring it up again. In practical operation, the secretary said, the reserve sum was always much lower than the law contemplated. A recent in- vestigation showed it was down to 85,000,- 000 or 86, 000,000, whereas it was presum- ably much larger for the purpose of protec- tion. The proposed plan contemplates that the current redemption as well as the final redemption shall be met by the banks. The daily redemptions now run into the millions. This is not due to wornout or worthless currency, but the New York banks find themselves overloaded. They send national bank notes to the New York subtreasury and have them redeemed in United States notes or other legal classes of currency. The treasury then sends word to the national banks to redeem these notes that the subtreasuries have taken in. It sometimes takes the national banks two or three months to take up their notes." Large Sums “Held Up.” “It results, ” said the secretary, “in keeping a very large sum suspended in the air. We have paid it out and will eventu- ally get it back, but in the meantime this large sum is held 11p.” _ Mr. Carlislc said the proposed plan‘would exactly reverse this system. Mr. Johnson asked if the ultimate lia- bility of the government would not inspire more confidence in the currency. ‘_‘ Undoubtedly,” said the secretary, “if the United States government stands be- hind a national bank note, it inspires abso- lute confldence. But my ideals that the proposed plan will insure ample protection and therefore ample confidence. ” Mr. Walker (Mass) put the hypothetical case of a failed bank and asked the course to bepursucd under the proposed system. ; rency by this plan. “First, " said the secretary, -"the banks 30 per cent goes into" the general safety funds. The notes of the bank are then paid immediately.- If the total of the safety fund and the assets of the failed bank are insufficient to meet all liabilities without ' carrying the general safety fund below the 5 per cent, then all the banks are assessed : to meet the liabilities. The banks‘t-hen have a lien on the assets of the’ failed banks. ” Mr. Walker asked what would happen if a failed bank had no aséets, so that there would be no lien for- the other banks s» fall back on. The secretary said. this was m extensive presumption. T! Waco Downed Only six times that a national bank had ' been absolutely without assets. The Reduction of Circulation. ”I understand,” said Mr. Johnson (0. ), “that you hope to secure an elastic our- Now, what incentive would there be for a bank to reduce its cir- culation ‘1’” “The bank may not at once reduce,” said the secretary, ‘-‘but if the public does not want money the bank will withdraw circulation, as there will be a small tax on it H ”The bank will go the limit of its cir- culation at the outset, will it not?” queried Mr. Johnson. ”Probably yes, at the start,” said Mr. Carlisle, “but if there is no demand for what' 15 issued the notes will be slowly but surely re tired. The tax on the notes is not much, but it is enough to keep the is sue beyond what the public needs.’ Mr. Johnson said he could not see the elasticity claimed. Some banks might re- duce; others might not. The plan showed a great inducement for issuing currency, but it did not sho'w the same inducement for contracting currency. -Mr. Johnson (1nd.) asked as to the state bank feature of the secretary’s plan. ”It suggests merely a plan by which state banks could act if they saw fit. But. the government has no direct concern with state institutions. The plan simply gives them the privilege of acting under certain conditions if they see fit ” Mr. Walker asked if MI. Carlisle Lad yet drawn a bill embodying his plan. secretary Ieplied that he had dictated a rough draft today, and he would submit it to the committee. It was a tentative meas ure, and he would change it in some d1- tails.- The Fifth PrOpOSition. Mr. Carlisle next took up the fifth propo- sition of his plan—vim; “No national bank note to be of less denomination than $10 and allnotes of the same denomination to be uniform in design, but banks desiring to redeem their notes in gold may have them made payable in that coin. the sec- rotary of the treasury to have authority to prepare and keep on hand ready for issue upon application a reserve of blank na- tional bank notes for each banking associa- tion having circulation," .Thesecretary shower}. the desirability of this section. , It would encourage the cir- culation! of the silver certificates of .small denominations. The national bank notes being above 810 would give a clear field to the silver certificates under 810. These certificates were now crowded into the treasury. If they were to be kept as a part of our money, they should be forced into use, and this would accomplish that end. Representative Hall (1110.) asked as to the gold provision in the secretary’s plan. Mr. Carlisle said this had been put in because of the “gold banks” on the Pacific coast, mainly at San Francisco, which had little paper and gmuch gold. It was not intended to apply to the country at large. Mr. Sperry asked if silver certificates were redeemed in gold. “NO, " said the secretary;‘ ‘there is a popular impression to that effect, but it IS not correct. There am only two classes of notes redeemed 1n gold—viz, the greenbacks and the treasury notes under the Sherman act of 1890. ” In response to several questions by Mr. Johnson (0.), Mr. Carlisle said the suppo- sltions Were based on extremes. The fu- ture should look out for itself. The plan was based on the conditions of the present and not remote possibilities of the future. 'Mr. Sperry asked what would occur if the gold circulation should disappear. Would the government meet its obligations in silver? ' The secretary replied that silver was only one-fifth of the circulation. There was need of small notes to supplement the coin. Mr. Walker asked as to the 'subsidla silver coin, which led Mr. Carllsle to spea of the bad condition of the currency laws on this point. It accumulated in the treasury at times when there was a dearth ,of small change at many points. ”It might be cured,’ ’said the secretary, “by making shbsidiary coin a legal ten- der. ” The secretary took up the ninth provision of his plan—viz, repeal all pro- visious of the law requiring banks to keep a reserve on account of deposits. He explained the unwisdom of the pres- ent law. ”It keeps a bank from using its reserve at a time when it needs it most, ” said he. Mr. ,Warner (N. Y.) asked if the allowance of national banks to do away with a reserve would not be a discriminag tion against state banks in states requiring a reserve. The secretary said it might be open to that objection. Mr. Cobb (Ala) asked, “ Do you hold that the government OWes no obligation to depositors?’ ’ “N 0 more, ” said the secretary, “than it is obligated to protect private citizens who invest their funds in manufacturing con- cerns, corporations. etc. ” Miss lVoum: .ck’s Career. SAN FRANCISCO. Dec. 11.—Miss Mary Wormiack, whose strange escapade in scat- tering coin on tl 10 streets of New York re- sulted in 1101- arrcst, is well known in San Francisco. Her career here was brief, but brilliant. She represented herself as a widow and rented a handsome flat, where she entertained in good style. She had many friends among clubmen, and there was much scandal in connection with her name despite the presence of her maid, a ' matronly appearing female of over 40. The America’s Cup Race. LONDON, Dec.11.—-—The St. James Ga- sette this afternoon says it thinks that a race next year for the America’s cup is by no means certain on account of the deed of gift, lance of 1889 fell through. ” Tl 1e"- “thc very rock upon which the ehal- , have to fill up 10 dozen 26 inch an rwmwwwwwmwwm ' it Mark-Down Sale h Ken’s Double Brmti‘fi SUITS $5. 50 TAFT BBOTHIBS,‘ ! Wall Shell '42:; 4: Cor Main and Wall Streets, N orwalk, Conn. Our Annivetsary Display of HOLIDAY Goons: “ Will (Be on Exhibition Saturday Morning, December 81h. replete with new things for use and ornament. and the prices lower than ever before. gifts" than new. this paper. Don’t think for a minute that we ll tell you all about this stock—~the best we ever had. Only a few items are quoted as illustrations: 500 dozen for men, women and children, In plain and fancies, quite. a few are worth 10c, your pick at§5c each. 100 doz ladies’ fine Swiss embroidered handkerchiefs, all new designs, imp m“ e l to sell at lilo. his value at 12:}0 each. 50 dozen ladies’ handkerchiefs, Vandy ke point lace edges, the daiutiest thing on the market, would be a bargain 11113812. Price while they last will be 25c each. Ladies’ and mens silk initial handkerchiefs, superior quality and lettering, the price speaks for itself, 250 each. same as we sold last season at 750., price at this sale, 500 each. Great crowds wi 1 be hem to secure them so you cl best be early. UMBRELLAS. All are welcome. For a month past the greatest care has been given to their selection. The stock is The desings are more attractive- There’s no better time in selecting Xmas HANDKERCHIEFS. If we did we would ‘75 .loz men’s silk initial handkerchiefs, 1% inch hem Something everybod 3' can use—hence a rousing reception will be accorded these special offerings. 28 inch Gloria umbrellas with natural and fancy sticks, extra value at $1 each. 150 twilled Gloria. umbrellas very choice handles, 26 inch and 28 inch regular price $1. 98, extraordinary value at $1. 50 each. 100 umbrellas, Dresden and fancy top handles, exclusive designs, and very popular, they’ re 8. won- derful bargain at $1. 98 each. WVisit the home of Santa C lane on the Second floor for dolls and doll carriages, toys of all description sleds, wagons, books, games, etc . Aso a fine lineof Chiffoniers, Wilton Rug Couches, at $9.00 .All sold two-thirds value. Snowman ~cuter/"1.11. Norwalk and Scuth Norwalk. “AVENDBTTMQNEY Inspect Our large lot of MATTRESSES & BED SPRINGS” FALL STOCK OF CARPETS. NOVELTIES IN PARLOR SUITS. THREE PIECES. THE BEST 110111 111111 E Flour made. TIVE FLOUR. All grocers have it. HIS FLOUR has stood the test, and been at the head for the last twenty years. more Bread and Better Bread than any other WHOLESALE AGENTS : 1 It will make Be sure and get the JONES SUPERLA- THE HOLMES, KELLER & SELLECK CO. ! 4 s ,e SBOYS WANTED! Attention Ladies! Just received; latest styles in Fall and Winter Millinery, consisting of Hats,Hat Frames Feathers, Ribbons. Velvets and Buckles; also a very fine line of Walking Hats, Tur- bans, Sailors, etc , at- ' ‘ Fawcett’s, Headquarters for Millinery No. 3 Water street, Norwalk. Call and examine. PATENTS 1 l-—.‘ FOSTER,FREEMAN & CHAMBERLAIN Councelors in Patent Gauss. Mechanical and Electrical ex. ports. Rooms 12. 13. 14, Bish- op Block, Bridgeport, Conn. 30 years experience in Pat- ent's. SOME MEMBER 01” OUR FIRM 18 IN NORWALK EVERY WEEK. Write for particulars to Bridgeport. Horace E. Dann, EXOELBIOL I I1very and Sales Stable. W‘I‘k Opposite Danbury? and Norwalk Railroad depot. Norwalk, Conn. Stylish Single or Double Teams with or without drivers. Safe horses for women andchildren. . . SADDLE HORSES A SPECIALTY GEO. H. OSTERBANKS, House and: Sign Paint- ing and Paper Hanging... Orders promptly and reasonably executed Shop and Residence 47 River street Norwalk. ,954 6m '
Norwalk Chronicler