The News and Observer VOL. XXXIX. NO. 63 TTO3E LLAOBffiESTT ®O[M>(II)IUMrD®KI ®E MOT) ©AMILDKIA ®AOUf„ MONEY THEIR THEME MEETING OF THE AMERICAN BANKERS’ ASSOCIATION IN ATLANTA. UNUSUALLY LARGE ATTENDANCE The Association Welcomed hy .Mayer King and President Gunby— Presi dent O’Dell Responded and Delivered His Annual Address—Disenssion of Our National Currency System—Ex- Gov. Merrlam’s Currency Scheme Ontlined--Report of Treasurer. Atlanta Ga , Oct. 15 —The Ameri can Bankers’ Association began its ses sion in the Grand Opera House this morning at 10 o’clock with an unusually large attendance of delegates, and a lib eral sprinkling of visitors and onlookers. The Association was welcomed to the city by Mayor Porter Kins, and to the State by Hon. G. Gunby Jordan, Presi dent of the State Bankers’ Association, in brief addresses. To these words of welcome, President John J. P. O'Dell, responded in behalf of the visiting bank era, and delivered his annual address. The report of the Executive Council was then read by Mr. E H. Pullen, Chairman, and the Treasurer's report wa3 read and accepted. President J. J. P. O’Dell in the course of hia annual address said : •‘A year ago, at your convention in Baltimore, a plan for the reformation of our national currency system was adopted, and while the recommendations of the association did not meet with uni versal approval, the action of the con vention gave rise"'to a most extensive agitation of the currency question, both in and out of C mgress, and a great deal of valuable dnca.smn followed ‘The effort of the association to deal with this subject has not been fruitless, and it is to he n >ped that the agitation thus initiated wi I continue until th govern me it -hall abatd »o th.- issu me** of no' s and a m th nerfrCt cu reucy sjstem shiil bo adapted The ev Is ot our present, system weie u~ver mor; ap p iteut than t« - nay. Daring the peno.’. sine we la fme together oir Country has p isso » thr ugh an ♦ x;»e. ni c that will no ; mkju be forgotten. Following a seas *n of universal liquidation a dais tres». th country was confronted by a na ionai ttea-ury forced almost to the very v>rge of bankruptcy, and was saved from ibi only by the heroic and pa ri otic action of a wise and courageous president. For weeks uncertainty and confusion prevailed, and were not allayed until by the sale of a large amount of bonds the government recovered irs gold reserve, that this expedient offered but temporary relief, we have had ample evidence, and the signs are not wautiug to indie ite that we have yet more trouble in store, unless we shall depart entirely from the present makeshift and perni cious system of governmental note issues. To day , were it not for the uncertain cur rency system, we might well congratulate ourselves upon the condition of affairs. Abundant crops have rewarded the labors of the husbandman, the wheels of industry ar_ moving more smoothly a r d rapidly, confidence is takiug the place of doub:, assurance of hesitation, aud alto gether the prospect, but for one siDgle cloud, is full of encouragement. With the increasing prosperity of the peop’e we may hope to prosper, even as we suffer with them iu their misfortunes To us, as bankers, is committed the duty of maintaining the credit of our people This we can do by ab d i g by those pri r c.plfcs of fi ancial moral ty, the trut i of which time aud ex have demon strated ” Ex-Goveruor Merriam, ot Minnesota, read A paper entitled “The currency for the Twentieth century,” in which he out lined a currency scheme H ; s sugges tion was: “That, say forty per cent, of the capi tal of a ua'imal bank be invested ia United S ates notes, and circal >tion issued against the same, the bills re maining iu the hands of the Treasurer and currency to an amount equal to the remaining sixty per cent, of the capital stock be delivered to the bank for issu ance when desired “Before the unsecured currency is for warded, however, each Dank should pay to the treasurer a sum equal to five per cent of its capital stock as a bank circu lation safety fund, upon which money the government shall allow interest at the rate of three per cent per annum Tne government in the assets of insol vent bank be insufficient to re-imbu r se it for the circulating notes of defaulting institutions, may assess each bank in the system, pro rata, to an amount sufficient to fully indemnify it for any losses in curred, but in any one year no institu tion shall be assessed more than one per ent of the average circulation tor the previous year. Inasmuch as there are likely to be at least four thous and bauxs organized under any National law, the Treasurer might act as redeem ing agent for all of the banks, and each bank, should at all times, keep with the Treasurer five per cent of its capital stock as a redemption fund, which fund should be in gold coin, and held in trust for the specific purprso intended. As fast as notes are redeemed, the bank should at once remit a sum that would repair auy deficiency made by redemp tion, an 1 new notes be forwarded. “Tue government would receive sev eral million of dollars per annum into its coffers to aid in paying its bills as a return for the privilege granted the banks. In add tion, the interest on one hundred millions of gold now main tained ia idleness, would be saved, and the gold put into active use instead of being out of the channels of trade, there fce’ng no further use for a ‘gold reserve.’ The bulk of the ‘greenbacks’ and Sher man notes would be absorbed as a basis for currency or as a reserve against de posits ia backs. Thai all the parts of the country might have the advantage of a national system, banks should be per mitted to organize with a capital of #25,000, or even less, thus encouraging State banks to abandon their present charttrs.” TIIE ATLANTA EXPOSITION. Explosion of a Gasoline Stove Causesa l ire on the Midway. Atlanta, Ga., Oct. 15.—Temporary excitement was created on the exposition grounds this afternoon by a fire on the midway. The explosion of a gasoline stove in the old plantation at the eastern extremity of the midway set the fra me structure on ike, and the smoke and tltmes shot up, dra a iag everybody on the grounds to the scene. The fire department quickly re sponded. Lines were laid and the chemi cal engines quickly put to work There was a great panic among the freaks on the midway. The fire was soon under control, but the old >n exhibit was destroyed, the phautoseope, next door, suffered #SO d mage, and Hageubach’s wild beast arena suffered to the extent of #(>00. Arrangements tor President’s Day. ATLANTA, Ga , Oct. 15.—The arrange ments for the great street demonstration for President’s Day, Oct. 22, at the Cot ton S’ a es and International Exposition have been completed. All of the oldest and most important military companies in the South will participate and Gov ernors O’Ferrall, of Virginia, and Coffin, of Connecticut, with their staffs will be in line. T<>e principal companies to take part ir * ti e Gate City Guards, of At am a; two companies of the Governor’s so »t guard of Connecticut; the Fourth P,.:g niei't of the Virginia National ifaar 1: A hevilie, N, U , Light .ufantry; Gr;rue’s n-.tiery from Virginia; two hun d!er! cade s i>oui the Virginia Military institute and on i band < d cadets from trie Tennessee University. THE RAIL ROW) ME MEET. Tite Souihern Railway and Steamship Association Re-organiz- Comiminicants, 5,1 17Chnrch Edifices and COO Benevolent and Ed ucational Institutions—Total Contri butions Amount to $:in, 000,000. Minneapolis, Minn., Oct. 15—The House of Deputies of the Episcopal con vention to-day first listened to the re port of Dr. Little, of Delaware, on the General Theological Seminary of the Church, its progress and its needs. The petition for the new missionary jurisdiction of Duluth, approved by the Bishops yesterday, was presented to the House aud referred, resolutions were passed recommending that the expense committee raise a fund to pay the trav eling expenses of bishops in Europe visiting churches there, and declaring it expedient to name a deputation to at tend the next meeting of the Canadian Synod of the Church of England. Rev. H. O. Duncan, of Louisiana, in his reporton the state of the church, said that since the last conference in ’92, ten bishops had died, fourteen had been con secrated, four of whom went into mis sionary districts. The church now had 79 bishops, 4,544 clergymen, 567 candi dates for lay orders, 190,820 baptisms in the past year, and 131,473 confirmations There were now 618,500 communicants, 5,117 church edifices, aud near 600 insti tutions of a benevolent or educational character. Contributions from all sources had reached #38,000,000. Dr. Duncan showed that the body of communicants was growing more than the number of clergy. The increase in the trienniura had been 65,791, while •he list, of priests bad grown but 157, a fact he a tributed to “insufficiency and diminution of stipends.” The income for the three years was #35,000 less than for the preceding period. Tne committee made reoommen datious for patri- tic services on the Fourth of Jn'v, for stricter regard for the divorce law of the church, for better Sabbath observau. • at d for a more active propaganda f r Christian teachings. It bo. g snug ito thank the author of a public Tion for its gratuitous distribution, a resolution refut-i ig to per mit the distribution in ike convention of any publication not officially recognized, was offered by J. P. Morgan and uuani mo u?d y adopted. The Deputies finally passed the Pack ard resolution, re erring the subject of constitutional revision to a new commis sion composed of six clerical and six lay mec> iers. The bishops wili have no connection with the work of this commission. The House has previously defeated a proposal to refer the matter back to the present joint commission. The estaH shmer.t of a provincial system was excepted from the matters referred to the new committee. The action of yesterday, assigning the charge of Alaska to the Bishop of Olym pia, was reconsidered by a two thirds vote, and the advisability of the election of a missionary bishop was considered. THE NEW CUr CHALLENGER. \ Committee Appointed to Arrange tor the Knees ol 1890. London, Oct 15. -The secretary of the Royal Victoria Club, Mr. Percy Thellu son, to day received a cable message from Mr. J. V 8. Oldie, secretary of the New York Yaeht Club, notifying him that the challenge he had sent in behalf of the Royal Victoria Yacht Club, and in the name of Charles D;v Rose, a rn im ber of that club, to sad a s ries of matches for the America's Cup in 1896, with the cutter yacht Distant Shore, had ooen accepted, and that a cornu it tee had oeen appointed with full power to arrange conditions. A STEAMER BURNED AT SEA. The Captain, Mute and Nineteen ol the Crew are Siill Missing. London, Oct. 15 —A dispatch to Lloyds, from Valparaiso, Chili, announ ces that the American ship Parthia, Oapt. Carter, from Liverpool, on June 25 for San Francisco, with coal, was burned at sea on October 1 The Par thia proved a total loss. Several of her crew landed here in one of the ship’s boats, but the Captain, chief mate and nineteen of the crew who left the wreck in boats, are still missing. Ihe Cholera in Japan. Washington, I>. C., Oct. 15.—Reports to the United States Supervising Sur geon General indicate that during the present epidemic of cholera in Japan there have been 42,706 cases and 28,513 deaths. It is believed that the epidemic has reached its climax aud is now de clining. Roumanian Cabinet Resigned. Bucharest, Roumania, Oct., 15. — The cabinet has resign: d and King (’harles has summoned 1 iemetcr Sturdza, the liberal leader, to form a new minis try. Later in the day, Demi ter Sturdza succeeded in forming a Liberal cabinet, in which be himself is the Premier cn i Minister of Foreign Affairs. CLARKE DETERMINED HE WILL STOP THE CORIIETT FITZSIMMONS FIGHT AT ANY COST. STATE GUARD TO BE CALLED OUT Gov. Clarke Says the Pugilists Shall not Even Shake Hands in the Slate of Arkansas—Gen. Taylor Ready to Bring Together the Militia—Gov. Turney Says They Can’t Come to Tennessee and Diaz Will not Allow Them to Fight in Mexico. Little Rock, Ark., Oct. 15 -Gov, Clarke’s determination to stop the Cor bett-Fitzsimmons contest at any cost was emphasized to day by the presence in this city of Gen. Taylor, of Forest City. Brigadier General, of the Arkansas State guard, who was summoned to the capi tol by telegraph to confer with the Gov ernor in regard to the strength of the State militia. Gen. Taylor was in con ference with Gov. Clarke for au hour this morning and when seen later by a reporter was preparing to take the afternoon train for Hot Springs. Gen. Taylor said positively that the fight would not occur. His pur pc se in going to Hot Springs, he said, was to warn the people there against the danger to which they would subject themselves should any attempt oe made to bring the contest off. The State Guard, General Taylor said, was in good condi tion and amply sufficient to cope with the case in hand. He could, he said, with a few hours’ notice, land 850 well drilled and fully equipped men in Hot Springs. Gen. Taylor will return to this city to morrow and advise Gov. Clarke as to the situation at Hot Springs and the re sult of his visit there. Gov. Clarke, when questioned by an Associated Press reporter in reference to his consultation with General Taylor, was not disposed to talk. Asked if he had confidence in the ability of the State Guard to carry out his plans, he said toat the militia was a matter of secondary con sideratioD, that he could get ail the torce necessary outside of the military companies. He reiterated his former declaration that the fight would not be permitted to take place, and in this con nection said he could make no distinc tion between a prize fight and a glove contest. “Suppose, Gov. Clarke,” suggested the reporter, “Corbett and Fitzsimmons should desire to give an exhibition of physical culture in Hot Springs on Oct. 31, in which large gloves were to be used, would that be stopped by military force r “Corbett and Fitzsimmons shall not meet in Hot Springs in any kind of a contest,” said Gov. Clarke emphatically. “If they ever meet, they will fight, and they shall not fight in Arkansas. They shall not meet in Hot Springs, either in or out of a ring. They shall not even shake hands.” When asked if Corbett would be ar rested upon his arrival at Hot Springs, Gov. Clarke said that a good general never disclosed his plans to the enemy. Information came from a private source to-dav that the Florida Athletic Club is considering a plan by which they hope to overcome the obstacles placed before them by Gov. Clarke. The scheme is to turn the whole affair over to the Hot Springs Athletic Association. That association was incorporated by the State of Arkansas on September 6, 1895, by Wm. L Babcock, John C. Lonsdale and Charles H. Weaver, all of Hot Springs. According to its charter, the Hot Springs Athletic Association was organized for the purpose of carrying on the business and maintaining a park for amusement at or near the city of Hot Springs, where races, athletics and games may be practiced and exhibited, and other amusements and means of en tertainment may be furnished, either to the public or such persons or associa tions as may, from time to time, be ad mitted thereto. Under this charter the people inter ested believe they can conduct a boxing match limited to a specified number of rounds with soft gloves without violating any State law. When informed of this scheme Gov. Clarke stated that the State chartered corporations and associations for legal purposes only and that no violation of the law would be tolerated under the guise of amusement. He was not pre pared, however, to state just what legal effect the proposed change would have. Baptists Commend Gcv. Clarke. New Lewisville, Ark , Oct. 15 —At the annual meeting of the Columbia Baptist Association, one of the most in fluential bodies in Southern Arkansas, which Is now in session at Buckuer, there were 2,000 people present. Strong resolutions agaiust the prize fight at*Hot Springs aud commending Gov. Clarke’s action, were adopted. Corbett Gives it Up. Texarkana, Ark.,Oct. 15.— Champion James J. Corbett passed through Texar kana this afternoon en route to Hot Sprin.s A repori.tr obtained an audi euce. Corbett looked like a gladiator and says he feels able lo defeat Fitzsimmons without another day’s training. “1 am disgusted with the business,’’ he said. ‘I am losing valuable time and do not believe we will fight iu Hoi Springs, I am going there on orders, but l do not fancy the move.” The reporter asked him if he would fight F;tz immons privately and without a side parse. “I’ll fight him for fun. Fitzsimmons is doing a lot of blowing and is running a big bluff. He can easily afford to make wild statements. If he wins, he has everything to gain and nothing to lose, while I have everything to lose and scarcely anything to gain. If the fight has to be pulled off in private, l will be compelled to fight for glory and amuse raent. Fitzsimmons, #IO,OOO stake money has been attached and I have #IO,OOO deposited practically against nothing.” “How many rouuds do you think it will take for you to put Fitzsimmons to sleep?” “I believe that Fitzsimmons is the best man that I ever ran against, but if you will only stop to think a moment, I never fought a man who gave me the least trouble. Fitzsimmons may lick me, but if he does he will have accomplished a tremendous undertaking.” No Prize Fight in Tennessee. Memphis, Tenn., OcL 15.— There has been some telegraphic correspondence between the local sporting fraternity of representatives of the Florida Athletic Club, which leads to the belief that there may be au attempt to bring the Corbett- Fitzsimmocs fight off here it the Hot Springs plan is interfered with. A dis patch from Governor Turney said that no prize fight could take place in Tennes see if he could prevent it by calling out the militia. May Vet Fight in Mexico. Laredo, Tex., Oct. 15. —Rumors are being circulated to the effect that should the Corbett-Fitzsimmons fight not occur at Hot Springs it would take place some where in Mexico. A representative of the Associated Press interviewed the Mexican Consul, Lameda Diaz in this city to-day. He very emphatically stated that President Diaz would never consent to allow the fight in Mexico. Viewing the Virginia Field. Roanoke, Va., Oct. 15. -Considerable interest was manifested in sporting cir cles here to day by the rumor that a rep resentative of the Florida Athletic Club was in the city and left on the north bound vestibule train last night It. is stated that he is viewing ih» V rgi >n field astothe chances of p Din* *iti th*- Corbett Fitzsimmons mill in th s State. On an Island in the Itiver. Sr. Joseph, Mo., 0;t. 15—James McDonald, the Denver spo-tirig man, and his associates, who have been arranging to bring off the ’ori>«tt Fii zero moos fight here, have secured what, they da s re, and to night telegraphed Julian a< d Brady and President Btu*r, of the Florida Athletic Club, » guarantee of #30,000 for the fight. T ley also puar antee that the fight can b> pulled off on the island in the middle of the Missouri river without interference. Steve Brodle Chosen Releree. Omaha. Neb., Oct. 15.—Steve Brodie, who has been playing this city, received a dispatch to-night saying he had been chosen referee in the Corbett Fitzsim mons fight, which will occur when a place can be found where the mill can be pulled off. Brodie was one of the six men who were under consideration for referee by the Florida Athletic Club. He is a warm friend of borh of the pu gilists and was chosen by both men. Brodie said : “If the authorities at Hot Springs interfere, the battle ground will be re located on the island in the Mis souri River, near St. Joseph, and will be nulled off to a dead certainty. However, I will expect to referee the fight at Hot Springs ” Creedon to Meet Choynski. London, Oct. 15.—1 tis announced that Dan Creedon, the ex-middle weight champion of Australia, who last night defeated Frank Craig, the “Harlem eof fee cooler,” tor a purse of £4OO before the National Sporting Club, winning in 20 rounds, will shortly meet Joe Choyn ski, of California. A Negro Murderer Arrested. Boston, Mass., Oct. 15.—Wro. A. Kelp, a 16 year old colored boy, who is wanted in Richmond, Va , on the charge of having murdered Nlsoey Boyd, August 13. was arrested here last night. He was identified by means of a scar on his left arm. He has consented to return to Richmond without a requisition. Convention of Carriage Builders. Cleveland, Ohio, Oct. 15.— The an nual convention of the Carriage Build ers’ National Association convened here to day with an attendance estimated at over 2,000. The associali m was organ ized twenty-three years ago aud includes nearly all the prominent manufactures of the different branches of the trade throughout the country. Whiskey Trust Reorganization. New York, Oct. 15 —lt is stated that all the papers in the Distilling and Cat tle Fieding settlement have been signed and that J. B. Greenhut has deposited with the reorganization committee 1,119 shares of old Distilling aud Cattle Feed ing Company stock. Revision of ihe Bible Completed. London, Oct. 15 - The revision of the Bible has been completed, including the apoebrypha, upon which the revisers have been engaged since 1881. aud it will shortly bo issued from the Oxford Press in various sizes, uniform with the revised old and new testaments. City of a lluudred Ye*»rs. Fort Wayne, Ind., Oct. 15.—The cel ebration of the one hundreth anniver sary of Fort Wayne’s existence as a city, which is to continue for four days, be gan this morning and large crowds are in attendance. PRICE FIVE CENTS. BY A MOSLEM MOB fifty ARMENIANS KILLED AND A NUMBER OF OTHERS WOUNDED. BODIES THROWN INTO THE WELLS The Massacre Occurred on October 9th, Market Day--A Turkish Hough Began the Quarrel—No Women or Children Were Butchered—The Panic Reviving in Constantinople and Armenians Flocking to the Churches for Protection. London, Oct. 15.—A dispatch to the Daily News from Constantinople says : Reliable news has been received here that fifty Armenians were killed and a number wounded at Akhissar, in the Villayet of Adin, on the Auatolai Rail way, by a moßlem mob. The slaughter occurred on October 9tb, which was market day, when many Armenians had gathered from adjacent villages. Early in the morning a Turkish rough finding that the Armenians were not armed, picked a quarrel and shot one of them. There was then raised on all sides the cry, “Why hesitate to massacre the infi dels ?” A mob of Turks, armed with revol vers and knives, then looted the market and massacred the helpless Armenians. Their bodies were thrown into the wells. It is stated that the Mudir was re sponsible for the attack. No women or children were injured, probably on ac count of the arrival of Kaimaikan from the village of Gieve. three miles distant, who made valiant efforts at the risk of his own life to save the Christians. Otherwise the slaughter would have been complete. The pauus >s reviving in Cons'an i w ple, on account of the continued isolated afacks and ihe Armenians are again flicking into the chnrchea. The po ice dir regard the -afe e induct cirds given to the Armenians hv the foreign embas sies and they insul aud maltreat the hold rs of tut m. T ie c instant nop’e cirr espondenfc of the Standard blames the Armenian rev olutionary committee for f ircing the Arm n ; ans to cl se their shops and to maintain the app cranes of a pinic when the Armenians themselves are ready to resume business. IN THE FIELD OF LABOR. A Five Weeks’ Strike ot Shoe Factory Operatives Settled. Lynn, Mass., Oct. 15.—The strike among the lastera of the Thomas G. Plant shoe factory, which was started about five weeks ago, was sett'e .1 to-day and to-morrow the five hundr opera tives will return to work. M . Plant returned from a trip abroad y* ■( iday and agreed to pay 80 per cent of 1 1 , ad vance asked for by the strikers. Increase of Wages to be Granfel. Lawrence, Mass., Oct. 15.—The i quest made a week ago by the local iro and brass moulders that their employer s establish the rate of wages at #250 a day has been favorably considered aud will probably be granted. Injured by‘Riotous W'orkinen. Cadiz, Oct. 15. —There were no fur ther disturbances here to-day, as a re sult of the stoning of a prelate yesterday, by a number of workmen out of employ ment, who insisted that they wanted work and not sermons. Seven persons were slightly injured by the stones thrown. Strike ot Miners Threatened. Clearfield, Pa., Oct. 15.—Fifteen thousand miners attended the conven tion here to-day to discuss the situation and take steps towards securing an in creased wage scale. Nothing definite was decided upon, but it was said to night that the prospects are favorable for a general strike throughout the en tire region, and that the miners at Glen Richey, near here, have already quit work. Another meeting will bo hold to morrow. FOR A SHORTER CAMPAIGN. Both Parties Will Be Asked to Make It Three Instead ot Six Months. Cleveland 0., Oct. 15.-The Cleve land Chamber of Commerce to-night adopted a resolution calling upon com mercial bodies in other cities to move for a shorter presidential campaign next year. The preamble recites that much of the depression following the election of 1892 was due to the long campaign, and it is recommended that the conven tions ts the two great parlies lie held three months iustead of six mouths be fore the election. A memorial to that effect will be to both the Democratic and Republican National Committees. Monument Dedicated at Getly*burg. Gettysburg, Pa., Oct. 15.—The 1431 Regiment, Pennsylvania Volunteers, dedicated their monument on Cemetery Ridge to-day with becoming ceremonies. The monument is at the left of Bloody Angle, where they were duriDg the sec ond and third day and whence they sal lied out to help repulse Pickett’s charge. The monument is of granite, six teet by four at the base, and six feet high. Bitten by a Horse. New York, Oct. 15.—E. E. Bowen, of Lynchburg, Va., went to Pasteur Insti tute yesterday as a patient, having been bitten by a horse at his home a week ago. The horse had been bitten by a dog and has since died.