1 he News and Observer. VOL. XXXVIII. NO. ’5. »tJ tliliaffiyAl lalidibliPAhi ilf^Ea«B)yANililtoM FOUR PER CENT BONDS THE PRESIDENT hOTIMTS CON GRESS OF ARRAVGEMENTS FOR A NI- H IS*UE. ANOTHER CHANCE FOR CONGRESS. If, WilMaTea D«y*.Coi»gre** An h-r --|*t>* ihr Ibmip of 3 Prr * cnt “Gold” Iloml* Thcf VV ill be for the Pr *po*ed 4 Per C ent., 30-Year “Cola” Bmilfol his, the Preside*! Estimates, Would sate >l<*re Thaa a Million Dollars in the Thirty Years. Washington, 1) C., Feb. 8 —The President Rent the following menage to Congress at noon to day: “-ince my recent communication to Coner -s calling attention to our finan cial con lition ami suggesting !< gis’ation which 1 d eased ess* ntial to our national cred't. the anxiety and aeprehen.-i m existing in business circles have eon tin u d “As a precaution, therefore, against tha failuie of timely hgsative aid through congressional acti *u, cautious prepatatioos have been pending to ent ploy to the b*st possible a< I vantage, in default of better means, such legislative authority as uiay, without additional leg islation, be exercised for the purpose o re iufotcing and maintaining in our Tre eury an adequate ami safe gold re serve. . “In the judgment of those especially charged with this responsibility, the business situation is so critical and the legislative situation so u promising, with the omisdon thus fur ou ilje of the Congress to beneficially enlarge i he pow ers of the >oefe r ary of the Treasury in the pi eiu's*B, as to enjoin immediate ex ecntive action with the facilities now at hand Thirty-Year, Four Per C ent, llonds. “Th»nfore, In pursuance of section 13700 of the revised statures, ‘he details of an arrangement have this • ay been concluded with parties abuudauily able to lultlll their undertakings, wheieby bonds of the United Mates, authorized under the act of July 14. IN,. 1 !, payable In coin thirty years after ibe« date, with inter-st at the ““i 1 of 4 p r cent per anio‘—« t 0 he snaouut of a little tIT-o ihan sixty-two millions, and four hundred thomaud dolUrsare to be issued for t tie purshase of gold coin amounting to asamslightly inexcessof sixty fiveu i don d<•11.11s, io be delivered lo ihe treasury of the United States, whuhsum, added to the gold now held in our rerorve, will so restore such reserve as to make it amount tt» something ni'*re than one hundred millions of dollars. Such a premium is to tie allowed to ihe govern tnent upon the bonds as to fix the ra»e of interest up u the amount of gold realized at three and thi ce fourths |ht cent per annum At lea-c one half o! the gold to la; obtain* d is to be supplied from abroad, which is a very imp* rtaut and favorable feature of the transaction. Congrriß Given Auolher Chance. “The privilege is especially reserved to the government to substitute at par within len days from this date in lieu of the four per cent c »in bonds, other bonds in terms payable in gold and bear ing only three |>er ceut iutereft if the issue of the same should in the mean time be authoriz'd by the Coi gress. “The arraugemeut thus completed, which afier careful inquiry, appears in present circumstance s and considering all objects desired to be the bust attainable, develops such a dif ference in the estimation of in ▼estors lajiween bond* made paya ble iu cin and those specifically made payable in gold m favor of tne •latter, as is represented by three f urths of a cent in annual interest. Iu the agreerm nt just concluded, the annual saviug iu interest to the government it 8 per cent gold bonds should l»e .>ubsti tuted f«»r 4 per cent coin bonds und r the privilege reserved would be tive i hundred and thirty-nine thoussud oiu huudre • and fifty nine doll «rs, amount J ing in thirty years, or at the maturity of , the coin boons, io sixteen million, out j hundrvd ami sev* nty four th usaud, ] seven hundred and seventy dollars. The Dittcrence In lut« rest. “Os course, there never should lie a 1 doubt in any quarter ns to the redetup tiou in go'd of the bonds of the govern ment which are made payable in gold. Therefore, tie discrimination in the indgeme t of investors, between om bond oblig; tioi s pay abb in coin and j those specifically made payable in gold, I is very sigmfi ant. “It is bar ly mce-sary to suggest that I whatever may N* our views on 'he sub- I ject, the Bentimeuts . C., Feb. 8 —Unless j Congress in teu days pas. es a law au | th#» iziug the s-tie of gold bonds bear | ng three per cent bonds running tinny I years, or otherwise relieves the Tr< a-urj i in the repl. uis ment of the gold re-erve. I Secretary Carlisle will, by uir*ction of j >h* Pr« sidei t. Si 11 four |>er cent bonds to the amount of $82,400,000 for gold. Arrangements whereby this can be don* aud $65,000,fH)0 in g *ld be received for the bonds have been perfected aud the contingent contract t-igned to d.*y This official metnorai dumof the trans action was made public at tho'Treasury tuis afternoon. “The contract was made wish Antzue to be delivered except in pay ; meut for goM actually delivered. Iu view of the possible failure of legislation in Congress negotiations have been pend ing for some tune here aud abroad »i d the terms of this contract are the hot that could be procured with a c-»in b »nd.*' lid nils ot U»e Contract Completed. The contract was drawn up during ihe day by Attorney Gcueral O uey ami S»*c rotary Carlisle, aud submitied to J Lynde Stetson, counsel for the bankers Mr. J. Pierpout Morgan, the New Y**rk financier, arrived here early this morn ing and had a conference with Secretary ! Carlisle at the Trea-ury at 10 o’clock, when all unfinished details were per fected. Mr. Belmont, it is understood, started for Washington this morning, but was snow bound en route and therefore took no per -onal part in completing the de tails. Representative Wilson, of W. Virginia, the chairman of the Ways and Means Committee, to whom the President's bond message was referred, will call the committee together at 10 o’clock to mtr row morning. AMEttIC vNS TO HIE. Farther Particular* of the Royalist Revolt in Hawaii. Washington, D. C., Feb. B.—The Presid' d to day sent re t<> be tried and daily ar r st-i G dlick, foimer miuister, au*i Seward, Major iu Federal army, b -th Americans, and Rickard. Englishman, fcutenoed to death; all heretofore prom inent in p -lnics “T. B w Hiker, formerly in the Ui ited States army, impri-omueut or life aud $5,000 fine Other sentences not al sentence, but no answer jet Bdtei feeling and thr»ais of mob violeuce, which arrival of Philadelphia may pie vent. L'Lu k.dani made prisoner on lsih; on 24fh r* lit (pushed a l cUimsand s»»ore alegiame to republic, imploring clemency for Hawaiiaus. Goveium*ut replied io Liliuokaluni: “ 'This domment cannot be taken to exempt y »u iu the slig test degree from p-rsonal and individual for complicity m the late conspiracy. Denied ihat she had any rights January 14. 1893. when she attempied a new cou-ti tution. ‘Fully appr dates her call to the dis.»ff ct*d to reooguixe the liepub lie, and will give full consideration io tier unselfish appeal for clemency’ for paiticijvaut*. “ 4 lbkrt 8 Willis ’’ Mr. GrewhHiiCs Telegram. “Department ok State. “Washington D 0., Feb 7, 1895. “Cooper. U. S Dispatch Ageut, San Fiaiicisco Cal. “Forward the following by the first steamer to A. S Willis, U. S. Miuister, Horn iuiu : “‘lf American citizens were con deoined to d-ath bv a military tribunal, nottoracfual participation iu r* ported revolution, but for complicity ouly, if condemned to death by such a tribunal for actual participation but not after open fair trial with opportunity for de feuse; demand delay of execution, and in either case report to your government evidence relied on to support death seu tenee. “ ‘Gresham.’ ” RA4.EIGH, N. C.. SATURDAY. FEBRUARY 9. 1895. STILL WASTING TIME CONGRESS SPENDS THE DAY DISrirSMNG APPKOPRI V TION BILLS. THE PRESIDENT’S MESSAGE READ The Hawaiian **i»uati*Mi Attracts At tention am! Causes Considerable cn»*ion—The Quest ion of Providiug |f|prk< for the Nemb n rs Raises a Ilreexe in tlie liou-e—slo,ooo Ap priated for Relief of ibe Poor in the Di-tiic ot Colombia. Washington, D. C., Feb. B.—Th*- House to-day entered upon the consider ation of the leci-lative and judicial ap propriation bill for the year ending Juue 30, 1596 but made little progress. An amendment to the paragraph pro viding for the pavment of clerks to mends nt offered by Mr. Bartlett, (Dem), of New York, and to make ihem annual instead of session employ* s, led to an animated debate upon the economy and wisdom of giving members the assistance of clerks. Considerable bitterness was displayed at times and various propositions were made to amend or to substitute Mr. Barlett’s motion. They were all ob jected to. but upon tho adoption of Mr. Birtlett’* proposition did not vote. AU efforts to secure a quorum proved futile, and finally they were abandoned and tlie further consideration of the biil postponed. The messages from the President an nouncing the sale of bouds and the pro test ot the government agamst the exe cution of the court martial sentences upon citiz -ns of the United States who engaged in the recent revolt in Hawaii, were received and referred,- the former to the committee on Ways and Means, snd the latter to the committee on For eign Ass *irs. Mr Boutelle endeavored to secure a ref fence of the Hawaiian corresjion denc" to the committee of the whole on the state of the Union, but the Speaker held that a motion to that effect Would not l»e in order. A Senate bill was passed appropriat ing $lf»,000 for the relief of the poor o the District of Columbia: also fourteen private peusion bills. The usual Friday night session for the consideration of private pension bills was omitted by unanimous consent. THE DAY IN THE (SENATE. Two Very Important Communications from the Pres dent Read. Washington, D. C., Feb. 7.—Two important communications from the President were presented in the Senate t"-d y and were referred to their appro priate committees. The first notitud Congress that, as a precaution against its failure to give legi-lative aid to the treasury, ar raugem* nts had been made for a four per cent “coin” bond to run thirty years, at a premium which would make the actual interest 3 3-4 per cent, but coupled wiih the cot dition that if a 8 I»er cent, “gold” bond were authorized by Ooogr* ss within ten dajs, they would be substituted for Dm 4 per ceut. bonds, thus saving $539,159 in annual interest, and saving $15,176 770 in interest for the full term of thirty years. Without any comment, but with an apparent sense of importance of the President's representations, the measure was re ferred to the committee on fiuance. The other measure «f the President attracted equal attention and gave rise to considerable discussion, after it, was referred to the committee on foreign re lations It had reference to the death sentences imposed upon the persons con v eted of engaging in a revolutionary movement in Hawaii. The general tone of the debate indica ted the depth of fetlinr which exists against- such a sanguinary mens ure—the only expression to the contrary coming from Mr Morgan, who said that he had no advice to give to the Hawaiian government, but that if it intended to remonstiances of any other government in such a mutter it might as well turn over its power again to Queen Lilitt* kalani. The Diplomatic Appropriation 811, w ; th the amendment as to the telegraph c-ble to Hawaii, was went over without acioti and is to be voted ou at 2 p m. to mor ow. At 5:45 p. m. the Senate adjourned. Ihe Übe Disaster Inquiry, London, F* b. 8. —The crew of the British s'emn r Crathie, which sunk the N'orth Get man Ll*\d steamer Elbe, are at Aberdeen, where thev are being exam in <1 by a committee of the Board of Trade. Thot terdaui. ll* Hh> tloiled to Heath. Om\ha. Neb. F* b. B.—Charles For mau w.s boiled alive bv the explosion of a steam healer in his father's residence this m ruing. The water pipe froze and the heater exploded. FIRE AT ASHEVILLE. It Took Three Honrs to Mnbiliie the FlHmfi«..Urrat Hnmace Hone. Asheville, N. C, Feb B.—About midnight la-t night fire broke out in the Alexander building on Court Square. The m* renrv was four degrees Mow zero, and the water supply was 1 »w. •'he guests of the Western H*-tel ad joining tbe Johnson bl x k, got out at the fir-t, alarm and hurried to other hotels naif dress*d. A fierce, iev wind was blowing and the desi>er«tely fighting volunteer firemen and citizens kept tbe flames witbm three blocks. I hebusinospartof ihe town was threat ened at one time, when the water was lowest. Two upper stories of the John -rn building contiiuing the Western Hotel, were gutted, and John Rich’s hardware store on the first fl w>r, was h.idlv damaged by fire and water The tdjoining block, belonging to IC- lly F \lexander, was gutted, nothing tieing left but, the walls. The Western Carolina Bank budding, also owned by Alexander, was ft *oded with water aud the upper story burned out. The fire gained a foot-hold in the rear of a building facing on Patton Ave nue. but did not spread. The firemen fought the flames three hours before the fire yielded The m-r cury was falling all the time. Many citizens aid'd the firemen, and frost bitten ears and hands resulted. WEEKLY TRADE REVIEW. The Cold Ware ha* Seriously Influen ced (he Trade iu all Staple Line*. Nr.w York, Feb. 8 —Braistreet’s to morrow will say: “Extremely low tem perature, snow aud high winds have vi- ited the greater portion of the coun »ry this week and exercised a marked in fl lence by restricting orders received by jobbers in all staple lines. But they have tended to stimulate purchases on seasonable goo *B. General trade at larger eastern een ters remains unchanged. Philadelphia reports cominmd fr»e sales of dry goods. At Baltimore bills sent South or South west have b< en paid more promptly than expected Amomr Southern correspondents,Chat tanooga reports that the volume of trad*- there for January, iu spite of the lower range of pr es, is equal to that for 1894. hi contrast D a d*crease in all luus at Augusta, with commercial collections unsatisfactory. Busin* ss has fa’len off at Atlanta, but at Savann -h the situa tion is unchanged, wi'h jobbers cautious as toopenii gaceouats A fair volume of business at New Orleaus, but collectiots are poor i>t*cau"e of the non payment ot the sugar bounties. No change is reported from Memphis, Charleston or Gil vestou. The damage bv the Florida freeze was exaggerated. A large poruua of the orange crop has already been marketed. The late crop and that held for higher prices was caught and destroyed. Some young trees were hu*t, but old groves were practically uninjured. Heavy losses fell on large growers. A good but small crop is expected this year. Results of Florida naval stores and phosphate in dustries are said to have been fairly sat isfactory. TIIREE HANGINGS* Eugene Byars Pay* the Penalty lor Killing Hi* Cousin. Birmingham, Ala., Feb. B—Eugene Byars, who, on January 6. 1894. mur dered and robbed his cousin. Eugene Walker, a sergeant in the United States Army, while the latter was en route from Fort Niobrara, Nebraska, to Eld ridge, Alabama, his home, with a th usand dol lars in Ids pocket, was hanged to dav in the jail yard in the preset ce of a hun dred people. Bjars pro'ested his inno c- nee to the last. The hanging passed off qu etly. Hanged for Killing a Police Officer. Augusta, Ga., Feb. 8 Jabez Wil li mis, colored, was hanged here to d*y in the j-ril yard at 12 43 The crime for which Wil iams suffered the death pen ally w.is th.'killing of Police Officer Mur ray, while attempting to arrest illiams. Protested Innocence to the Last. Fort Madison, lowa, Feb 8. —J. K Cumberland w r as banged here for mur d«-r at it o’clock this morning. He was unmoved and protested his innocence to the lii-'t. Cold YVeatber in Frankiinton. Special to t he News and Observer. Frankunton, N. C , Feb 8. It is very cold here io-d *y. The thei roomefer stood precisely at zero at 3 a m ;at 9 a m , 2 abov*; at 10 a m , 6 above; at 11 a. m., 8 above; at 12 m , 8 above; at 1 p ra , 10 ab ive; at 2 p. m , It above; at 3 p. m , 18 above, with the reflection of the suu since 1 o’clock This is in front of the post office and not the coldest pi ce in town by large (aids. Water froze in the pore* lain cup on an open Franklin stove in a room here lasr nighs. Fireiu the stove had not been out for several dais Wandered Away and Froze to Death. Galliopolis, O, Feb. 8 —Leonard Henry, a tour year old bey living iu Huntington township, wandered away from home last night while his patents were absent. He was overcome by ihe cold and perish.-d, being found dead in a ravine at 1 o’clock this morning, cov red with snow. Three Killed and Fourteen lujured. Paris, Feb. 8 An explosion occurred in a fou-tdry at Joinville, in the Depart in' nt of li»ute Marne to day, ki.hng three men and injuring fourteen. IS A RECORD BREAKER THE RLIZZYKD II AS SWEPT OVER ALMOST THE ENTIRE COUNTRY. LOWEST TEMPERATURE KNOWN. Tram* in Pie Aonh and AA est are Snow Round and all Traflie i* Stopped-- The River* are Frozen Orrer and Choked with Ice—Storm to New York I* ihe AVor*te?er Known—Pea Crop In Georgia Killed —North Caro lina Snun t* Frozen Over. New Y’ork. Feb 8 —The great snow storm that raged in this vicinity to day was worse »han P>at memorable blizzard of March 13 15. 1893, in three ways—in wind velocity, in temperature and are* covered. The wind to-day averaged 60 mile-* an hour against 50 in the blizzard of ’88; the temperature to-day hovered about zero, while in ’BB it was five above; five aud a h-df inches of suow fell to day’, against twe feet then. In the area of the storm, however, is the greatest difference noted. The bliz zard today swept almost the entire country instead of the mere radius of 400 miles around New York then co? ered. The Storm in New York. The storm swept down on the city early last night, an I by this morning .was in full possession. It did not seitb* down softly and quietly in nice, big fl ikes. On the contrary, it was driven along with b inding force by a furious north-west gile of bitter coldness, in minute particles that seemed to be cover'd with sharp points, like the end of a need'e, and stung the faces of be lafed pedestrians as they toiled along th'ongh the drifts. It was so dry and light that it was piled up in great heap.- and ridges in every shelt- red point for wherever the gale had full play it swept the streets and sidewalks clean. Under these con ditions it was no wonder that this city was at sixes a* d to d*y Suow was drifted high in the str*ets traffic on surface and elevated lines was impeded, tanks and pipes were fiozen, persons were overcome by tin* cold, and frost bitten noses, ears aud hands were plentiful. In Brooklyn but few street cars were running and the elevated roads could not work as well as usual. Omljing wards and neighboring Long Island towns were comple'ely cut off in many instances with the ouGide world. There were large fi-Ids of ice in the bay and sev eral ships were caught in them. Other vessels were frozen fast at their docks. Navigation M**i>ped, The Narrows were gorged with ice, and it was impos-ible for any cra% big or little, to uavigate there without tak ing big risks. Traffic on the different ferries was seriou-ly impeded. B »th the North and Easf rivers were filled with huge masses of drifiing ice. aud the utmo-1 care had to be exercised in taking the boats across. Late in the afternoon the Hamilton. South, Wall Street and Thirty-ninth S'reet ferries stopped runuing on ac count of the ice. The only serious ac cident thus far reported, aud which was attended with probable loss of life, occurred late last night in the lower bay, where a fishing schooner, the Emma, caps zed. Four of her crew took to a boat and attempted to reach shore, hut have not since b**eu heaid from. Three others remained in the rigging four or five hours, and then reached shore,nearly fr< z *n, in a sm ill boat. All of the railroads entering this city were practically tied up. A tew train* got through but they were mostly locals. All the mails due here to day were de lajed. Some are reported stalled aloug the routes. The mails from the North and Canada are scheduled as two hou s lat,**. The storm on Long Island was unusu ally severe. Travel is blocked nearly everywhere. Much suffering is reported Koine Serious Accident*. Reports from Rockaway Beach, Corey I-land, Fi*e Island, Sag Harbor, East Hampton, Gremport, Northport, Free port and many other points say ihe storm is the worst known iu many years Fire Island reports two schooners ashore near there, one at Point of Woods, the other at Lone Hill. The crew of the schooner ashore at the first named place were safely landed, but at last advices the crew of the other schooner had u *t yet been saved They are lashed to th rigging and must suffer intensely. Far Rockaway rep >rts th t a steamer is said to bo ashore at Long 8.-acii, but j caunot confirm the statement. Far R ckaway a’so r« ports a serious i railroad accident near that pl.ee. An; engine on the Long 1.-laud railroad va* I derailed and oveiturned. The fireman i was killed outrighi and the engineer was caiwht under the wreck, badly scalded j and he'd last until he died. The tern- j peiaturc at the spot was 8 below. Train*Know-Round iu the North. Philadelphia, Pa , F*b 8 —The en tire Pennsylvania railroad system from ' New York to Washington iu the ea-t, and as far West as Pittsburg is seriously crippled because of snow drifts In sum places, particularly at Mifflin, 45 rnilvs West of Harrisburg, the sn *w has drifted as high as the car tops. A few lrains*-n the Hariisburg div sion departed for Philadelphia this morning, but the drifts interrupted their passage at intervals every few miles. Sis cial traius have been snow-bound at Mifflin since last night The suow has drifted badly on the fa- PRICE FIVE CENTS. j tnous “horseshoe curve,” which is in the Alleghany mountains five miles west j «>f Altoona, and a fre-ght train was | -fa 1 led throughout the uight at that place. Oa the New York division and on th# Maryland division the situation is prao i tiertllv the same as on the main line as i regards irregular train service, although | the drifts art* not so had. The high winds bio v the snow into j heaps on the tracks almost as Last aa workmen cleir it away, and the cold is ; growing more intense hourly The Reeding Road is also in bad shape, ! particularly at Reading and iu the coal j regions. An east-bound passenger train on the East Pennsylvania Railroad is snow bound near Lyons station and is a most e mplef* ly hidden from view. The Schuylkill and L*>h’gh branch is j snowed up completely, and no attempt | was made to start tnmis. The Reading and Columbia branch is ; also snow-bound, and tr*ffit is at a i stand-still. There is apparently no let i un in the storm, and the air is filled with ] living snow. Railroad m**n aiy the con* I ditions are equally as bad as in the blix | zard March, 1888. Rivers Choked U|» With lee. Pittsburg, P.a , Feb 8. —The mercury - this tnnrumg recorded four degrees be i low zero. In oxposed places it was fire degrees lower. Indications are for colder weather. Trams on all roolsen foring Pittsburg are delayed by snow and frozen water tanks. Eastern trains were five hour* late, while those from the west were from two to three hours behind. The suffering from the oold is wide spread, principally on account, of unpre cedented shortage of fuel gas. Coal dealers are overwhelmed with rush or ders and are working night aud day to meet the ever-increasing *l out -1 right. As the large prop *rtlon of the ! spring vegetable crop had not been ! plauted, the loss will not he serious. North Carolina Hound* Frozen. NosroLK, Va., Fob B—The coldest i day iu thi-* history of the weather bureaw ; iu this city was to-day, when the mer cury registered two d gr* es above zero, this being two degrees colder than any previous lecord. The North Carolina sounds are froz-n. as are all inland streams. Early crops are protected by their blankets of snow. Galveston Ray Frozen Over. Galveston, Tex., Feb. B.— For th# second li lo in the history of Galveston the bay froze over. The flr*t time was January, 18*6, and since then the ther mometer never fell so low as it did to day. when it stood 15 ai*ove z-ro, which was one point lower than >e.-*teriay. Millions of fish were ftozen, and the jetties and reefs along the water’s edg# are lined with them. Tnousaudsot the fish were gathered up by- the p «>r Th# t>a\ did not fretzo as completely as in 1886. Flayed Havoc iu Florida. Jacksonville, Fla., Feb B.—The blis zard has wrought havoc iu Forida. Thousands of aer* sos young vegetanlea are killed. Grange trees are more hurt than in the freeze of Decern! er on ao ! count of being fi led with snug sap. | Many were just t uddmg. Eveu straw ! heiries w«-re killed. AII Vegetable* Destroicd. Charleston, 8 0., Feb 8 lhe ther mometer registered 12 degrees this morning, the lowest on record for Feb ruary. Everything iu the way of vege tables is destroyed. Hutine** Sn-pended in Charlotte. Charlotte N. C., reb. 8 —Business here has tueu hung up all this after no* m, when the ground was covered with snow and ice. Tne meteury this morning was 1 below. Temperature at WilminctoD. WiLMiNGTON, N. C , Feb. 8 —The weather today was the coldest of ihe season. The minimum teuqterature this morning was ten degrees, one degree higher tnan the lowest on record. Th»-re was a light f*ll of snow 1 **t night. Tne mercury at 8 o’clock to-niuht stood at 18 dexrecs, but will probably fall to ten or less by morning.