The News and Observer.
YOL. XXXIX. NO. 122.
Me largest circula™ OF AHf daily.
THE BONO BILL DEBATE
DEMOCRATS AND POPIJI ISTS
ARE UNITED IN THEIK
OPPOSII ION.
REPUBLICANS ALSO OUT OF LINE
JEletcu ol Them Kick Over lie Trac* s
on the Adoptiou of the Rule Agaiiisi
the Introduction of Amendment-* to
the Ri*l—Rt ed mid Ills Gang I xiei.d
the'lime for Debate Till To-dav at 3
O’clock, Whe u the Rill Will P. nim
bly be Kdilroade<l Through.
WASHINGTON, Dec. 27.—The House
to-day entered upon the consideration
of the bond bill, which, in conjunction
with the tariff bill passed yesterday,
constitute the relief which the .Repub
lican House of Representatives offers
the Demoeratie Executive to meet the
existing financial situation.
The hill aroused the united opposi
tion of the Democrats and Populists,
the gold Democrats being arrayed
against it because they claim it did
not give the Secretary the authority
to issue gold bonds with which he de
sired to replenish the reserve, and the
silver Democrats, on the ground of
their general opposition to bond issues.
The latter contended that the raids
on the Treasury could be stopped if
the Secretary would use his discretion
to redeem notes in silver when the re
serve was threatened.
In the Republican ranks, also, there
developed such bitter opposition to
the bill, as originally drawn, and to
the proposition to force the billto a
vote to-day, that the Republican mem
bers of the committee on Ways
sind Means incorporated in it an
amendment especially declaring that
nothing in the act should be construed
as a modification or repeal of the act
of 1978 for the re-issue of the green
backs when redeemed,and the commit
tee on Rules extended the limit of de
bate until to-morrow at 3 o’clock, but
declined to give the members of tln-
House opportunity to offer amend
ments.
These concessions probably brought
a few of the fractious Republicans into
line, how many the vote to-morrow
will show .
But eleven Republicans went over
the party traces to-day on the- adop
tion of the rule. This, it is stated, doe:,
not represent more than one-fourth of
the opposition to the measure iself.
The feature of the day was a strong
speech from Mr. Johnson, < Republican,
■California) appealing to his Republi
can colleagues to vote against the bill.
3le scored the Republican leaders for
bringing in the bill. He said he had
voted for the revenue measure yester
day under protest, but be refused to
follow them on the present bill. I'oli
tical expediency, which involved a sur
render of principle, he declared, would
never succeed. The debate ran far in
to the night.
Mr. Henderson, (Republican Iowa)
from the committee on Rules then pre
sented the rule for the consideration
of the bond bill. It provided for de
bate until 10 o’clock to-night, with a
recess from five until s and its contin
uance to-morrow until 3 o'clock, when
a vote should be taken without inter
vening motion or amendment separate
ly.
Mr. Crisp. (Democrat. Georgia) took
the floor in opposition to the adoption
of the rule, lie admitted that nothing
he would sav would have any effect
but he thought if gentlemen on Br
other side would consider what had
iieen done and what was to he done
they would make haste a little more
slowly. Yesterday a general tarifl
bill,the exact effect of w hieh,on partic
ular industries and on the revenues,
no one knew , had been rushed through
the House. To-day it had lieen pro
posed to put through a bond bill in the
same summary manner. But the mur
murings of discontent on the otlnr
side had forced the autocrat of tin
House and the “so-called leaders" to
yield a little more time. He admon
ished the other side that it was only
by resistance that they could obtain
their rights.
Mr. Bailey. (Democrat, Texas) said
yesterday with four hours debate a
bill which would burden the |K-ople
with $40,000,000 of additional taxes was
passed. To-day 11n* ® i formalin- ua>
to lie repeated but this time posterity
was to be saddled with an interest
bearing debt of which no one knew how
many millions. The country he said
would no more tolerate precipitate
haste than it would inexcusable de
lay.
When the twenty minutes allowed
the Democratic side had been con
sumed Mr. Henderson, who was in
charge of the rule, rather surprised
the House by declining to make any
reply to the criticisms from the other
side. He demanded a vote on the a
doption of the rule which was taken
by yeas and nays. The rule was a
dopted PC.- in I. It was not a slri»-:
party vote. The Populists voted with
the Democrats against its adoption
and the following Republicans voted
in opposition to the majority of their
party: Baker. N. II.; t'ouelly. Ills.:
Dayton. W. Ya.J Haling, \V. Yu.:
Kirkpatrick. Kansas; Kinney, North
Carolina: McCormick. New York;
Shafrotii. Colorado; Pearson. V.
Mondell. Wyoming and Miller. Kansas.
The bond bill was then laid before
the Mouse ami Mr. Dingley opened tin
debate in favor of it** adoption and
explained the bill. As a plain busi
ness p> •• )*-!» -it 1 ruin
have the power to float ■ ! per cent
bonds. t! a' •> pi •>. bled tbai tb« * .
bonds should first lie offered to the
people of the I’nib-d Flutes and Mr.
Dingley' expressed no doubt that, the
people from the Atlantic to the Pacific
would respond and over subscribe any
issue advertised for.
Mr. Dingley stilted that the amend
ment specifically slated that nothing
in this act should be construed to re
peal or modify the act of 1575 for the
reissue of redeemed greenbacks.
"What will become of the green
backs redeemed by the side of bonds
under this act?” asked Mr. Marsh
(Rep., Illinois.)
“They will be used." replied Mr.
Dingley. "as they were used no to
1893, in discharging our interest bear
ing obligations. But in case of a run
on the treasury they could be held in
the treasury temporarily for il** pro
tection. When the exigency passed,
however, they would under this net
have to lie paid out or applied to the
public debt.”
Mr. Dingley. in answer to many ques
tions, claimed that a 3 per cent bond
would be taken by the people much
more quickly than a 4 per cent bond
on a 3 per cent basis. He say I the peo
ple, as a-rule, were not disposed to pay
premiums. ,
Mr. Turner (l)em., Dakota) opened
for tin- minority . He contended Unit
the fault did not lie in any deficiency
in 1 lie revenues, but in the existence
of evils in our financial system for
which the Demoeratie party was in no
wise responsible. He pointed out how
the Republicans, in the past, had de
monetized silver smd had passed an act
for the resumption of specie payments
which contemplated the total retire
ment of the greenbacks. Now, in the
fact-of the Presidential election, they
sought to curry favor with the silver
sentiment* and they dared not retire
the greenbacks, to which they had
only been committed.
Mr. Turner affirmed most positively
that in the existing state of the mar
ket 3 per cent coin bonds could not be
floated, in conclusion, he said he had.
once believed that the Secretary of the
Treasury, by exercising the option of
redemption in silver. could repel raids
on the treasury, but be now believed
such a course would precipitate a
crisis, a panic, a convulsion, such as
we had never had, that would shake
publicuind private credit to its founda
t ions.
Mr. (irosvener (Republican, Ohio),
said that the disability of the passage
of the bill must be considered in the
1 it«-lit of the events which called ;l into
existence. Under ordinary circum
stances In- would not favor either sec
tion of the bill. The Democrats were
unable to suggest relief for the Treas
ury. The President had proposed a
gold bond, but in the last Congress
could not muster half of the Demo
cratic vote to stand by him. The Sec
retary of the Treasury was figuring
how to meet the appropriations of
the last Congress. A bureau officer, a
jie.stiferous growth, that had dared to
set aside the live million appropria
tion for the relief of sugar growers.
Debs and his follower , to suppress
whom the military was called out, had
no more flagranty violated the law
than had the Secretary of Agriculture,
a petty bureau*officer, iu reftismi' to
carry out the appiopriations of < <*u
oj-css a ft* r he had been rebuked by
< ongress. Yet Democrats said there
was no lack of money in the treasury.
But lie said he v-as w illing to vote
for This hill to saxe the Administration
from bankruptcy and disgrace, be
cause lx-hind that administration stood
his country,
Mr. Patterson (Democrat, Tenn.).
attributed the financial disaster that
had overwhelmed the country to the
want of confidence in a currency sys
tem which carried $500,000,000 of silver
and $346,000,000 of greenbacks on the
basis of a gold reserve of $100,000,000.
A single declaration of Congress that
it intended to sustain inviolate the
•rold standard of value would do more
than anything else to restore confi
dence.
It was intended to sell these bonus
for gold and pay them its gold. Why
not say so? Would anything else meet
t,],(> situation and restore confluence.
He could come to no other conclusion
except that the pending hill was a
miserable makeshift, which in no wise
gave ihe Secretary of the Treasury
the power he needed and desired.
Mr. Johnson. (Republican) was the
lirst Republican to oppose the lull.
His first sentence created a mild sen
sation. ...
“As a Republican." he began. I
want to give some reasons why all my
colleagues should oppose this most in
iquitous bill. 1 believe in undying hos
tility of the Republican party to an
issue of bonds in time of peace and I
do not propose that we shall give the
lie to everything we said before tin
election and 1 for one can never con
done what 1 regard as an error both
of heart and head an*V p ime against
the country the bond transaction ol
last vear. The passage of this bill
would, 1 believe give that transaction
the stamp and seal of Republican ap
proval.”
“Yesterday.” lie proceeded impetu
ously, ’’against niy will and against
tny judgment anti protest L voted lot a
revenue tariff bill. 1 believe that the.
verdict of 1894 was for the passage ol
a protection tariff act; and we should
restore the McKinley bill and Bill Mc-
Kinley.”
After some further remarks by Mr.
Johnson, (Republican, North Dakota)
in favor of the bill and by Mr. M heeler.
(Democrat. Alabama) against it, the
I Douse at f. o’clock recessed until 8
o’clock.
At. the night, session speeches were
I made against the bill by Messrs. Wil
son. (Republican, lowa.) Bowers, (Re
publican, California.) De Arinoml,
| (Democrat, Missouri,) Tarsuey, (Dem
ocrat, Missouri,) and Shafroth, (Re
publican, Colorado,) supported by
Messrs. Wellington,(Republican, Mary
land,) Daniels, (New York,) and North
way'. (Republican, Ohio.) The House
at *lO o’clock adjourned
RALEIGH. N. C.. SATURDAY. DEC. 28. 1895.
TWENTY-FOUR KILLED
AND TWELVE OTHERS INJURED
I\ HA I/I I tl'dlCS OLDEST
Til K A I It E.
DURING A SENSELESS PANIC
Filial Result nt a e ooli h Cry ot Fin
al me Old Frout Street Tbcatrc--
>lost cl ilie Victim*, are Jews and
I'lvo ot tlie In jured Will
Mir>*Onlr Four of the Dead Have
He<-u Identified •-The Home was
Densely Hacked at the Time.
BALTIMORE, Mel., Dec. 27. hi a
senseless panic, caused ny a defective
gas burner and a foolish cry of fire, at
tin* old Front street theatre, tonight.
24 people were killed, two fatally in
jured and ten more seriously hurt.
Up to l o’clock this morning but four
of the dead have been identified.
They are:
LEO COHN . aged 25; 305 North
Front street.
JENNIE HFN/KK. aged Is; “09 Al
in-marie street.
JACOB ROSENTHAL. .aged J<>; 220
South Eden street.
.MORRIS MALGIOIS. tailor; aged 30.
Th in jured at the city hospital are:
MRS. FRIEDMAN, aged 25; crushed.
MRS. GOLDMAN. aged 40; badly
flushed.
MiI,DA UOI.DWA IT. aged 16: contu
sions and shock.
MORRIS SCHAEFER, crushed.
JACOB (iOKDSTRIX, aged 20;
crushed.
ABRAHAM ROSENTHAL, aged 30;
crushed.
UNKNOWN BOY. aged 40; will die.
UNKNOWN WOMAN, aged 25; will
die.
UNKNOWN MAN. aged 22; serious
ly hurt about bo*ly.
UNKNOWN BOY. aged 16; serious
internal injuries.
Mmost all the victims are o Polish
nativity and Ileliraie extraction, and
many of the injured were taken to
1 heir homes by friends, rendering it
almost impossible to get a complete
list at this time.
The theatre, w hi< h is probaby the
oldest in the city, was filled from pit
lo -tome with |»eople who had assem
bled to listen to Hebrew opera, which
has been given m the old house tvv iee
a week for the past month. The ticket
office receipts show that over 2 700
tickets had beer sold. ,v hen. at •**
o’clock, the sale of seat- was stopped
tieeniise there were no more left, •■co
rral admission tickets were sold, how
ever. aft< r this, and it is supposed that
(is- re were ut least three thousand
people within the walls when-the cur
tain went up on the first act A the
capacity of tie- house is less than 2.500
the density of the crowd may be
imagined.
Ten infinites after the curtain rose.
Ol of the atemlanls went up To the
mcoihl tier lo light a gits jet which
appeared to have been extinguished.
As he turned tin cock and applied a
match. Ihe light Hand up. and it was
-e.-u that there was no tip to the
burner. The jet was well down to
w;,id the stage <ui the hdt side of Tm‘
house, in plain view of the greater
part of the audience, but as the glove
from it showed against tin- wall, some
one hi the gallery shouted "fire. ore.
fire.”
in an instant there was a mad scram
ble for the door, in which the whole
audience took part. The van guard of
the terror-stricken multitude reached
the entrance on Front street, pushed
on bv the howling, srieking mob be
hind* them. There those in the fore
most rank, were compelle.ktrt turn to
the ri*>ht ;m<! to the left to reach th<
double entrance way. built in the form
of storm floors. PsiHsing 1 through these
doors, they reached a flight.of steps,
leading from each door, downward to
a landing, from whence a broad stair
way of moderate height would have
tarried them into the street, and to
Siltetv. The steps leading from tln
door wavs are hut about five feet high,
but the* landing at. their base is nar
row. Down these the frightened pen
pie hurled themselves in the frightful
struggle to reach the open air and to
.■scape the certain death they thought
was behind them. As the crowd from
the two doors, one on the right, the
other on the left., reached the. landing
they met. There was a brief struggle,
and then some mu* lost. his. or her
footing and fell. In a moment the
crowd, pushed with irresistible force
from the rear, crowded upon the pros
trate form and began in turn to stum
ble. reel and presently to faal prone
upon the floor, under the myraids of
feet, coming like a herd of frightened
Buffalo from behind.
In less time than it takes to tell it,
tin* landing was packed twenty or thir
ty deep with the panic stricken multi
tude and the hundreds behind them
were struggling over them to reach
t he st reel.
THREE HEAVY FAILURES.
LEXINGTON, Ky.. Dee. 27. A sen
sation was created in local business
circles this afternoon by the assign
ment of three of the best known men
in the city, Leslie Combs, Daniel
Swigertand R. A. Swigert. They made
individual assignments for the benefit
of their creditors. The Safe Vault
and Trust Company was made as
signee. No statements of assets or lia
bilities are given, but itis said that
the liabilites would aggregate nearly
$300,000. Combs ow ns a big farm just
outside of the city and was one of the
largest tobacco growers in the State.
The Swigerts are turfmen and among
the most prominent in the State.
MARCHIMi ON HAVANA
TlIRt ►’ * • BAN COM PS \CW
Do A WING NEAR TIIE
CAPITAL.
AND THE SPANIARDS ARE ALARMED
The Insurgent Army Forms a Half Cir
cle Around llie Simtibh Forces, ard
Cornplctcly Comm-tnds the Portion ot
the Island Around Matar za c --A
General U prising ol the People
Against Spain Feared--,Unity Alarm
ing Rumors Circulated.
HAVANA, Dee. 27. The excitement
which has prevailed here since the in
surgent army under Gomez and Maeeo
entered the province of Alatanzas, con
tinues to-day and is heightened by the
meagreness of the news from the
front. The Spanish authorities insist
that the insurgents are in retreat and
General Campos is still here and the
work of fortifying Havana and its vi
cinity continues without :m hour’s in
termption in any direction.
According to the official advices,
Maeeo is at the plantation of Olimpo,
near the town of Citnarrones, a little
way north of Jovelliinos, the town
from which Campos retreated upon
Limonare. Cimarrones is about 45
kilometres from the eit.v of Matanzas
of the province of that name.
Quintin Bandera is said to be with
his column at Sumidero, about 20
kilometres from Matanzas and only a
little way from Limonare, where, ac
cording to the official announcements,
Campos defeated the insurgents at
Coliseo. But Sumidero is nearer to
Matanzas than Coliseo, which would
not seem to confirm the story that
Bandera's column was defeated.
Maximo Gomez, still, according to
the official advices, is at the farm of
( iervo. iu the district of Jaguey
Grande, and iu the direction of the
Grande Cienaga Occidental de Zapata,
an immense stretch of swamp land in
to which he eoukl retreat to the south
ward if necessary, and possibly avoid
pursuit upon the part of the Spanish
t roops.
It will thus be seen that three Cuban
columns arc accounted (or. one to the
north, a" Sumidero. under Bandera:
one in the centre ;,t Cimarrones. under
Maeeo. and one to tin* south, near
.iaguey Grand*-, under Gomez, all in
tin- province of Matanzas and all to
tin* westward of Colon.
Tin* exact position <<f the Spanish
columns being concentrated to meet
the insurgents (to pursue them ac
cording to the Spanish officials) is not
known; but the last reports received
laid it that tin* Spaniards were concen
trating at Union dt* I’eyes. But, Sumi
dein. where the Baiulera column i.~
located is well to the northward and
onlv a little westward of t nion de
Ke.es and Bandera would thus have
no difficulty in pressing onward to
wards Havana northward of 1 nion dc
Rcvt-s arul south til the city trf Matan
/a*. Baiulera would also he able to at
taek in the rear Hit* troops sent to en
gage Maeeo ut Cimarrones. or he
might join together and move upon
urn force scut lo attack Gomez in the
Jagiiev Grande district. Consequently
it is difficult i" set* how tin* Spanish
commander figures out his statement
thill Hu* Spanish troops occupy the
most advantageous positions in the
province of Matanzas. lo the obser
ver of the movements of the opposing
forces, it would appear that Gomez to
the south. Maeeo in the centre and
Bandera to the north and further
west, re all v form a hull circle around
the Spanish forees and completely
command Hint portion ot the island..
Many people arc convinced that it
Gomez succeeds in pushing his forces
to within a reasonable distance ol Ha
vana. an uprising of the friends <d the
insurgents here is not at all unlikely.
Everv body you sec in the streets seems
lo lie in a state of great nervous ex
citement. and there are not a few peo
ple who are asking themselves how it
is possible that Campos is now in Ha
vana if tin- insurgents arc in retreat
ami. if the city is threatened, why it is
that In* does’not go out to meet the
enemy.
The authorities are not blind to tin
fact that there is a strong element
among the younger male population
of this city- which is in strong sympa
thy with the insurgents and, in ease
of serious trouble with the insurgents
outside the city, it is an open question
whether the lire department and even
the bulk of the civil guards and vol
unteers here could he counted upon
for any length of tiine.Thetrhunphant
march*"of the insurgents seems to have
i/icat effect upon tin* populace and
i pose who three weeks ago laughed
at the insurrection ever amounting to
anything more than an uprising of the
disaffected portion of the population
;;)V now* anxiously looking for news
from the front and are extremely ap
prehensive of hearing within a short
time tint the advance guard of the in
surgents has been sighted from the
outer works of tin* city of Havana.
The merchants of this city while
•till loyally supporting the govern
merit are beginning to be very nervous
ami look forward with a deal of alarm
to the prospect of an uprising here
and the entry of the insurgents into
Havana which, it is claimed, is certain
to be the signal for wholesale looting
find other serious disorders.
In face of all these alarming ru
mors and expressed fears, the govern
ment authorities insist that there is
absolutely no danger that insurgents
will ever get any distance beyond Ma
tanzas and they continue laughing at
the mere mention of the idea that
Gomez can get within sight of Havana.
“WILL HE A TIGHT SQUEEZE.
lint lte» it in v\ hi|»|»int: Ihe Republicans
l*>to Line
WASHINGTON, Dee. 27. (Special.)
Bowers, of California, who was one
of the eonimittee of seven, who to-day
delayed the vote on the bond bill until
3 o'clock to-morrow, tells me to-night
that there will be one hundred Repub
lican bolters against the passage of
Hie bond bill, and that the first sec
tion. at least, will certainly fail. Bow
ers is extreme and a bitterly partisan
Republican.
Reed realizes the tight spm-eze in
sight to-morrow, and his lieutenants,
and he too, a part of the time, have
been openly making a close canvass
among the members on the floor to
night. The best-opinion puts the vote
very close with probabilities against
passage.
The Republican kickers all insist
that the greenbacks will be retired by
Hu* bill, as do the Democrats also.
Senator Butler to-day introduced a
joint resolution for an amendment to
the constitution so as to except in
come taxes from the provisions of the
constitution relating to direct- taxes
and empowering Congress “to lay and
collect taxes on all incomes regardless
of Hie source from which the income
is derived.
Congressman Shaw has remained
at his post in spite of his acute stom
ach attack, but will if possible be in
Fayetteville on Saturday when* lie
has some imjierative business await
ing him. But lie will by that time,
probably have cast his vote against the
bond measure, which no doubt w ill be
railroaded through just as the Tariff
bill was.
Lord Pearson was not to be seen on
the floor of House yesterday morning
and he made no response when his
name was called on the vote to shut off
amendments. It was said that he did
not arrive until four o’clock in the af
ternoon, just in time to east his vote
at live. IK* was paired earlier in tin
day. '
Settle has taken great interest in
corralling the Republican crowd, and
he has been seen at every point until
he almost liegins to look like one of tin
whip-laslies of the Czar.
Appropriation for the Chippewa, In
dian land ins|>ection having given out,
( apt. Lovell, of Watauga, and J. S.
Bell, of Clay, have lost their places
until a noth* r appropriation is made.
C. L. Shovel* has been appointed
postmaster at Millidgeville. N. ('..vice
1). B. Rodman resigned.
Prof. Bassett, of Trinity, is here and
will to-morrow read an essay before
the Historical Society.
W. E. CHRIST IAN.
I II EDA t IN I II E mKN A I E.
I * I ie Us { an si ie Ni t»l \ iii.S* na (or II it IN
Hunil K* soldi toil
WASH IXGTn.N. Dee. 27. The be li
nt*- wns « nlivened to-day by a spirited
and somewhat personal debate, in
which Mr. Hill, of N*’v. York, and Mr.
Teller, of Colorado, were the principal
figurt s. The Nt-vv York Senator pre
cipitated consideration of the bond
question by offering a resolution di
recting that fill ure bond issues to re
new th*.* gold reserve should bear a
provision that they would be pafabli
in gold in' silver at flit option of t.lie
holder. In support of this Mr. Iliil
i*, ad a speech setting forth the dilli
eulties of negotiating bonds under tin*
uncertainties of Hu* present Jaw.
bra need out in a genera! discussion of
finance, among other tilings urging
the permanent retirement, ol the
greenbacks in accordance with tin* re
commendations of tin* 1 ’resit It'll I and
Secretary of the Treasury.
Mr. Teller's reply to Mr. Ilil! was
cutting, sarcastic and personal. He
repudiated and protested against the
efforts of the President and all his
“title waiters” to defame the credit of
the Cnitcd Sates. He spoke of Ihe re
cent visit to Washington of a great
Yew York banker, one of those v-lio
had participated in the “dishonorable
or imbecile bond i i*a nsaet ion <d List
year." Again this banker was invited
to Washington to help the country out
of a dilemma. Mr. I’eller asserted that
United State - securities were the
choice of tin* markets ot the world
and the only ntiacl* ever made on them
came from tin* present executive and
his representatives in the Senate.
Mr. Hill made a spirited rejoinder
calling forth a disclaimer from Mr. Tel
ler that he had meant to designate the
New York Senator as a “title waiter
to Mr. Cleveland. Mr. Hill declared
that In* spoke for neither the President
nor the Secretary of the Treasury but
only for himself.
Tin* galleries were crowded during
the debate and the Senators as well
as tlie spectators keenly enjoyed the
caustic tilt. Mr. Allen, (Populist. Ne
braska) added his protest to that of
Mr. Teller against defamation of our
national credit. No final action on
the Hill resolution was taken.
Two tariff amendments made their
appearance, one by Mr. Burrows, plac
ing on the dutiable list, many articles
now on tlie free list., and another by
Mr. Quay increasing the duties on leal
tobacco.
A resolution was agreed to accept
ing the, ram Kathadin which recently
failed to meet the speed requirements.
Also a resolution for the formal trans
fer of the Utah administration from
the territorial to the new State author
ities.
The hilt making Palm Beaeli, Fla., a
sub-port of entry and delivery was
passed and at 2:40 p. m., the Senate ad
journed until Monday.
ST. M f(’I! A EL, Azores. Dee. 27. The
steamer Kirkby, from Wilmington, X.
for Bremen, has landed here tin
crew of Hu* bark Bremerliaven. from
Philadelphia for Chantenay, which
was abandoned at st-a.
PBICE FIVE CENTS.
COMMERCIAL DEATHS
THE BUSIN ESS FAILURES FDR
THE COMPLETED Y E \H
NUMBER 1.1,013
AN INCREASE OF OVER 2 PER CENT
The Increase in Fail me*. Wns hi n«.*
West, Northwest and Middle States..
The New England, MonDmrn and
Pacific States Show a Decrease..
Perct ntage ol Assets and Liabilities
has Risen from 53 per Cent Dae Ytar
Ago to Nearly 56 per Cent.
New ) ork, Due. 27.| Bradstrccts to
morrow will say :
As is the rule in ( luistmas week,
wholesale trade has been quiet. The
holidays, the close of the year and
stock-taking tend to make business
slow, and promise only a light trade
until late in January . At various cities,
notably New York. Boston, Baltimore
and Chicago, nhtieipations as to tin*
character of trade early in the coming
year are hopeful, hut it remains to be
seen whether the downward move
ment of demand and prices, and the
delay in putting the currency on a
sound basis, all of which have begun
to show themselves iu trade condi
tions, will permit of as early and
marked gains in staple lint's of trade
in 1596 ns has been confidently antici
pated.
Business failures in the country
for the completed year, number
13,013, an increase of more than
2 per cent, in number is accom
panied by a gain of six per cent in lia
bilities of those failing, and the com
mercial death-rate, which averaged
1.20 in every 10 engaged in business
during five years, from 1890 to 1894,
inclusive, ranged as high as 1.50 in tin*
panic year 1593, down to 1.21 in 1894
lias risen to 1.23 of every 100 in busi
ness this year. The increase in num
ber of failures tire at the West, North
west and iu the Middle States, de
creases being shown in New England,
at the South and on the Pacific coast.
The per centage of assets to liabilities
has risen from 53 per cent one year ago
to nearly 56 per cent as contrasted
with 65 per cent in the year 1893.
DUN & CO.’S WEEKLY REVIEW.
NEW YORK. Dee. 27.—1 t. G. Dun &
Co.’s Weekly Review of Trade which
issues to-morrow will say-:
The failures of the fourth quarter
and the year 1895, not yet finished,can
not be definitely stated, but the aggre
gate of deferred liabilities for the year,
while much smaller than in 1893, will
vary but little from that of 194.
The year's aggregate of commercial
liabilities will probably be about
$170,000,000 in manufacturing over
$73,000,000, or 1* n |K*r cent more than
last year, but in trading about SSS.-
000,000, or 9 per cent less than lust
year.
The foreign and financial messages
of tin 1 President were followed by vio
lent re-action in the stock market last
Saturday w ith grave fears of moneta
ry trouble.
The sudden panic checked business
in many departments, and the indus
tries cannot he expected to show signs
of improvement, until the new- year lie
gins. Orders have for months been
so much smaller than they were in the
summer, when production was expand
ing and prices mounting rapidly, that
new causes of uncertainty have the
more influence.
Wheat and cotton were depressed
by last week's panic and have had lit
tle time to recover. Wheat receipts
continue enormous for the week, 3,-
794.072 bushels against t. 712.905 last
year, and Atlantic exports, flour in
eluded. have licun 7,526.960 bushels in
four weeks of December, against 7.-
763,690 last year. Russian and other
supplies are moving freely,
many of tin estimates are
wholly forgotten and the men
who predicted $1 wheat have dis
appeared. Cotton has remained at 8(4
eeqts since last Saturday and enor
mous commercial and mill stocks here
and abroad, vvitli a demand for goods
much smaller than in September, hin
*l**r an advance. The quantity- which
has come into sight is 30 per cent less
than last year t<> date, but slightly
larg'd- Hum in 1592. when Hu* crop was
6.700 bales.
CHANCES 1> TIIF. SENATE.
The Bond Bill tlav h*> Sacrificed tor
the Tariff Bill •
WASHINGTON. Dee. 27. The Re
publican Senators have devoted consid
erable time during the past few days
to informal conferences among them
selves concerning the House tariff and
bond bills with a view of securing
united action if possible on either one
or both of these measures. It is gen
erally admitted that both bills will en
counter very serious obstacles in tin*
Senate, largely on account of the sil
ver sentiment in that body. This sen
timent is so strong that it lias been
feared by the anti-silver men that it
would result in a free coinage amend
ment to each of the bills.
In view of this situation, it lias been
suggested that one of the bills might
be saerifieeed for the purpose of get
ting the other through. It is believed
by some that if the bond bill can lie
first considered and a free coinage bill
substituted for it and passed, the free
coinage Republicans will then consent
to all of the tariff bill to pass w ithout
a silver amendment and it. is upon
this line that the friends of the tariff
bill are now- proceeding. Some of the
silver Republicans have indicated a
w illingness to consider this suggestion
but others of them express doubts as
to its feasibility.