Newspapers / Hickory Democrat (Hickory, N.C.) / Jan. 6, 1898, edition 1 / Page 1
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'J. y T rTi ill r i It V PROTECTION I INDUSTRY 1 ENTERPRISE ! PROSPERITY ! VOLUME 30. HICKORY, NORTH CAROLINA, THURSDAY, JANUARY 6, 1898. IIU1IBER 1 Ml: 1 I a. mm - WASHINGTON LETTER. (Regular Correspondent.) tVAgniMaTo;,' Jan, Treasury starts into! 1898 with a more pleating outlook than it hac had at the beginning of a year for. sometime.' There was a surplus of about $i,750,f 000 for the month of December, and it is .reasonably certain that with the ex ception of the I present month, ' and possibly April, when heavy quarterly payments on account of pensions bare to be made, every month of the pres ent fiscal year will show a surplus. It should not be forgotten that the pay ments made on account of the pur chase of the Union j Pacific Railroad were not inclined to make that De cember surplus. While this condi tion is gratifying to I President McKin ley and every Republican, it is especially gratifying to Chairman Dingley, who predicted many months ago, when the extra session of Con Kress was considering his tariff bill, that the government's financial condi tion would improve, just ais it has done under the operation of that bill as a law. On Saturday Mr. Dingley furnished the Press ; Association with a detailed statement of the revenues under the . Dingley j law and of the revenue outlook. Judge McComas, who was popular in Washington when ho was a mem ber of the House j and who has in creased in popularity ' since -Ve occu pied a seat upon the bench of the Supreme Court of) the- District of Columbia, has forged ahead in the Senatorial race! in! Maryland since GoV. Lowndes, who Is also very popu ular4n Washington:'! withdrew i in his favor, and the impression is now geri cral that Judge. McComas will ibo elec ted to succeed Senator Gorman. It is no reflection upon thef other gentle men who are candidates," active .or .', passive, to say that the' election "of Judge McComas to the Senate would please juoro Republicans in . Washing to n . t han t ha i rxrt aft y"o I he r man named, '' ;' ' ' . . President Mclylnley is thoroughly - alive to the meaning of the present at titude of the great powers of Europe tnu'nnlii (Hlilnf flfli knmvs 'flinf Mint? are after commerce as wellasterritoVy. I iT' 1 The u. S. wants no territory a far away as China, but it does want to keep the valuable already has and Chinese trade it to add to it, and, while not intending, to get mixed up in any European-deals or squabbles, it does iutend to take whatever steps that .may b iiecpssary to protect jAiuerican"c6imnercil interests in Chi na. The U. S. jhas treaty rights in 'China which must ! be" recognized by any power-1 hat . acquires territory by a' means in that country, and with .1-.. end solely in view, the President ana nisi auvisers are watcning every move -made, by tho powers of Euroie in or towards China; In other words, we have nothing to do with tlio rela tions of China and j other nations so long as our treaty rights are respected. Notwithstanding the persistent ef forts of a portion of th Democratic ress to prevent contributions, the resident's manly appeal for done ,ious for the relief of tho poor Cubans, whd are suffering for the neeessities of life by reason of tlie j conditions on the island and not for any faults of their own, has touched tho charitable hearts of the country and substantial reuei is pouring inio taoa uy every steamer. Arrangement have beeu made for Mis Clara Bat ton, President of the Auierlcan Hcd Cross, to go to Cuba with a staff of assistants to help U. S. Cousular agents in distributing ageni the aid among the suffering. The President is much grati Ged at the prompt resixnse ot the country to his appeal for aid. ; 1 ' I'reiident McKinley will not send the nomination of jiGov. Grigg to be Attorney General to tho Senate until tlie nomination of Attorney General McKenra to the Supreme Court, has been confirmed, but no delav is looked for In the latter. I ; ; ,' i ins year, for tlijo first tlmcfinee liUJ, vhen the death of ilr.. Harrison U.. -' . .5r.A u?peiiJiiqn,' mere was lio- Ne v, Year's, day reception ' at the yhiii .Hon?e,.:?Pridsut? McKinley iue day m rest, goir.g f or a drive with Mrs. McKinley in; the msrLiug and roceitina: several iwr- hal friends during the afternoon acd tveuing. .'! I rr . ix '..' M-' iiia i-'euiccrats aid the arsiitant ciiiocratsarestrivinghard to ciak it appear that the financial position of President McKinley, which isln strict accord with the platform upon which he was elected, furnishes a reason for the Senators who are popularly kno wn as "silver Republicans" to break their pleasant relytions with hjm, but so far as can be learned it is labor wasted. Some of these would be mischief makers may be surprised when Sena tor Wolcott makes his promised speech explaining the trip of himself and colleagues to Europe 'in behalf of international bimetallism. . Just before the .Senate took its holiday recess Mr. Volcott said that he hoped to be ready to make that statement about the middle of January. A SHREWD SWINDLES. TTarraat Oat for Ooldtmlth, Wks Victims New York, Dec 29. A warrant is out for the arrest of Henry Oliver Gold smith, one of the best known men "of Wall street. The specific Charge against hlui is grand larceny in the first degree, for appropriating Ira check for, $3,000. the property 6t Oscar Wiessner, of Brooklyn, (The officials of the district attorney's of fice allege that Goldsmith has man-: aged to get away with something like half a million dollars by operations similar to 1 those which brought the E. S. Dean Company before the pub lic." - ' 1 - j " Goldsmith was indicted by the grand jury on July last. The detec tives have followed clues all over New Jersey. Pennsylvania, and Boston! and other places, but so far Goldsmith has eluded them. I Goldsmith and a man named Web- ster operated under the firm name of iloyt & Co. George Hazelweidejand Win. A. Mitchell, who were their bro kers were arrested three weeks ago. for their part in the operations,1 but the charges against '4hem have ; not t?t trimi.- fiyvere dropped from membership in the stock exchange. It is .said, that it was upon their evidence that the grand jury found the indict merit against Goldsmith. The latter ii about 351 years of acre, and in the nnlninn 'hn rli.f i4- - . . ' CTi u ? ever engaged in Wall istreet specula tiou after ! the mannefi of Dean & Co. They say his victims are numbered by the thousands. MR. WILLI Afl JENNINOS BRYAN. Suddenly embraces the Sound Money Creed. Washington Tost. ' San Antonio, Tex., Jan. I. y. J. irjan nrrneu this afternoon from a and left tonight for tour of Mexico, Austin, where he will be the guest of Governor Culberson tomorrow.! He is silent on the subject of his impres sions of Mexico:. It was announced that Mr. Bryan would arrive yester day, and at the towns along the line between here and Eagle Pass demon stratiom were given in his honor. Henry Long, a commercial ' traveler from St. Louis, ' who ; has a strong re semblance to Bryan, was in the Pull: man of the train on which llryan was expected, t When the crowds at the stations caught sight of .him cheered and called for a speech.. they Long walked out on the , platform, andj was introduced to the crowds by the con ductor as Bryan. ; ' Long then startled the audience by making a strong sound money speech stating that his views! on the money I question iad been completely changed I by reason of his visit to Mexico, and that he had reached the conclusion that McKinley 'was: one of the best Presidents this country ver had. The speech was repeated at several places to the utter astonishment of I the crowds, who became indignant at s points, .'.. but kept., silent. The sound money men present were high ly elated, Tlie imposition was not noti generally learned today. I One of: he, new dwellings befog erec ted at Spencer by Messrs. JohnJ Sr. Henderson and T. 1L anderford an detrc ycd by fire Jan. 1. The loss b partullv covered, -by " insurance. The dwelliug'was completed but not yet occupUnl. Spencer needs i tire protec - tion,.as the fire this afternoon shows. To Cnre nCoXd in flne Dnyl Tft he Laxative B -ou: o Quinine Tabtets All Druggists refund the money if it fails to cure.'- BECORD OF THE YEAR'S FAILURES. SMALLER IN 187 THAN FOR 5 YEARS. Tb Are ran XUbIUtis Pr Foliar Lss Ttoo Has EUa Kttwa la ,Twtr-T1tr Ytars-New Year Opens With Radical ly Dlfla ant Ca41Uaaa Tba AUn i ay Situation Na Laanr a riat- ; -tar af Aaxlaty New York, Dec. 31. R...G1. Dnnn & Co.'s weekly revlf w of trade wilt say In its issde tomorro wi The failures for the year which closed last night have been smaller, in total liabilities than In any other-year" since 1892; In number smaller than, any year except in! 1893 and in Average liabilities per failure they are smaller than In any other year during the last 23,- except four. The aggregrate of all failures, commercial and banking, was ft 180,- 600.000, of which , $25,800,000 was " in banking. In 18, 3C0 commercial fail ures the amount : of liabilities was $154,800,000, of wiich f6D,000,000 was in- -manufacturing and $73,T00,000 in trading, with $12, 100,000 in brokerage and other commercial lines. The aver age ot liabilities per failure was only $11,589, and in 1892 only 11, 025; but only three years in the 'past 23 were rivals 1883 with $11,595; 1866 with $11,651; and 1885 with $11078. . A new, year opens with conditions radically different from those which prevailed a year ago. Great .finan cial distrust existed then, but it has passed away. After a whole year of entire freedom from disturbance1 or alarm; the country has paid heavy foreign indebtedness, taken and paid many millions fort stocks sent from tftAo tonf frnm abroad, and accumulated credits against other countries represented by merchandise balances more than $320, 000,000 in ' its favor for the past five months, with defered exchanges for more than $20,000000 held by New York-banks' aione, while , the great in d nstries have been itJshipg their way way iuto foreign' ii&tkAs with un precedented : success. -.The monetarv situation is no longer a matter of anx - iety. More than half a million men in a few States, according to official reports, are employed now, who were idle a year ago, aud the general ad- iages for those employed vance m has gone far to restore the rates pre vailing before the panic. The volume of business through clearing houses, for the week 14.2 per cent, larger than in 1892, has for the month" been 0.3 per eenjt. larger than in that year, and in many industries and branches of bus iness the later bionths of this year have surpassed all records. . v The iron industry has been greatly encouraged by increased demand dur ing the past few weeks, and while the slight Improvement T in pig iron at Pittsburg has been maintained, not withstanding the greatest output ever known, the new contracts for finished products have been unusal for the sea son Minor metals have been very weak, with tin at 13 6 cents, and copper at 10.87, in spite o large exports; while lead is quoted at 3 ?2 cents, and spelter at 3.8-1. The best Bessemer full weight tin ulates are sellimr at $3.05. against $4.10 for foreign. No change in prices of coke appears, i hough the shipments were the largest ior any week this year, The cotton industry is - baited by the question of wages, although a gen era! reduction now seems probable. The manufacturers have been buying largely Of material for worsted goods, and their purchases hare stimulated buying by wool manufacturers so that the wool markels ar ttronger, though without any changes in quotations. After the great excitement at Chic ago,' wheat still gees out of the coun try as largely as before, Atlantic ports 3f570,TS3 bushels, Hour included, against 1,542,540 List year, and from Pacific ports, ;i,7i2,Ci2, bushels,' and In four weeks the Atlantic exports, flour Included, have been 13,060,047 bushels against 8,o63,iGX last year.-' Heavy Western receipts ara only reflecting temporary conditions Ju the Chicago maiket. Bat extraordinary exports of corn 14,401,303 bushel?, against 9,4 144 butbels iti the. four wrecks last car, hows how f orely foreign markets are pushed by the ifcertasing demand for breadst uffs. Wheat kzs declined of a cnt with' Chicago mirkei and corn lias meanwhile, advance J ? cf a cent. The cotton movement continues re- ' - ;""' ! markably heavy, and yet the slight advance last week is maintained. The movement to datealthough more than 7,000,000 bales have come into sight, scarcely supports the largest current estimates. The failures for the week have been 35 in the United SUUs, I against 439 last year; and 21 In Canada, against SO last year. ; '. . . -J- " ' ' ' '-.-' , 5COTT5 ABTEORIC BRUTTICR. Stafalar Story ml rUrtallaa Taarataa, Joara aUat. FatlUdaa, Baaj Vlraat. amd Lastly CapttalUt and RUr4 Caal-Mlaa I -Bobmlan- la ( AUanta. Oa.J Looklmg Glaaa. Uarcellus E. Thornton's recent tri bute in the Constitution to tHe mem orv of his brother Rrmtr.. baa mhimI many Atlantians to recall a once pic.JHenry W. Cleveland, the biographer turesque figure in Georgia journalism 1 and politics. I; , ' .. i I MarceJlus Thornton was a product I of ' a chaotic era. and ha o raw nn thA I very incarnation of chaos and discord. There were doubtless sweet bells in his existence, but they jangled instead of chiming. The stars fought for and against him in their courses, and it was hard to tell whether he was a meteor or its painted counterfiet. Before the disorderly days of recon str action were fairly oyer, Thornton deserted the law, after a brief and briefless experiment, and turned up as reporter on. Henry Grady's Herald. The youngster was original daring .1 and full of rollicking humor. Grady I took a fancy to him and made life pleasant for1 him. He brought Thorn- 1JttV rJ" yTT , i ue Aiuaciityicucsj ui uruviiy,: ana in various ways drew4him before the public. , . ' . About that time anaDia naa a a a m a. goodly number of bright journalists. Grady was the leader, but among the others were CoL I. W. Avery, CoL Bob. Alston, Col EiY. Clark, Alex. St. Clair Abrams,i John B. Goodwin, Jim Anderson, Steve Postel, Joseph II Smith, Dr. Hugh- Craig, and Bill I ir mi t i. n aioore. me citvfinen uau iour nour ishing morrrigrVTailies. Aorams, ot ice way, nau oeen in Atlanta off and on for several years He first bobbed up after the surrender of VicksburgJ and (joined the staff of the old -Inteliigencer. , In 'those days he was a dashing Bohemian and was frequently seen on the streets with Henry Wattef-son, A R. Watson, the poet, and othfer prominent journalists After the war he was fi correspondent of the New York s Herald. Then he settled here, started j the Herald, took in Grady and;Alston. and finally drop- ged out and established-the News, which had a short career. He was one of the be&.t equipped, newspaper men ever seen here, but his bad luck drove him to Florida, where he made a for- tune. " - . r. But to return to the Herald went Marcellns, When down, under the combined efforts of adversity and Billy Hemphill, he became the correspon dent of the Augusta Jivecing News for a time. He drew xio salary but made a living, and Bill Moore declared that some "of hisf letters must have oeen .mspireu. He could account for them in no other way . Without any j iDcbme, Thornton dressed like a Broadway dandy and I was always n the twim. He knew everybody and was always to be found in the storm centre of every I political sensation, aside from Occasionally h i turned the grave affair of fctate to enjoy the humorous side of life. For instance, when some idiot wager- 1 ed that nobody could eat thirty quafls in thirty days, he took the bet and made an internatiortal reputation by performing the difficult feat with per fect ease. : . .;. j : ,'j ;.' -, . : In the election of delegates to the Constitutional Convention j of 1ST?, many friends of Ex -Governor Joseph E. Brown Insisted upon voting for him, although he was not a candidate. The town boys rallied and gave Thorn ton a bigger vote than they did tho I Ex-Governor, butt cot enough. of couse, to elect hhru jThe record of the vote was carefclly preserved - by Thornton, and it helped b!m in mny cuarter&. He opened a correspon dence with GarSrfdl when the Utter waj;notsInated Cor. jj-rcldebri'.aad tto result was a clcrlislilplor ta?;ourna- llsf. in' 'the ; .PciisSoa pepcrUaaat ; " at Marcellus was then a. .hanpsome; dressy fellow, with the- airs, graces and bewildering Tolublty of a French- man.and be daxxled certain circles at the capital. While there he met the ealth v Mrs. Rutherford, of Korth CaroUna, and married her. They came to Atlanta to live, and scores or solid old citizens who bad never even bowed to Thornton in his struggling days flocked about him and J overwhelmed him with fine speeches. lie was one of the best-hearted fcl- lows In the world, and he responded to every demand and helped .every body right and left. lie bought th Dally Post-Appeal and conducted it during 1631-2-8. II u managing editor was II. II. Dewltt, the former city ed itor of the - Washington Post, and on. . his staff he had such men as CoL or Alexander II. Stephens, MaJ. D. F, withers, the son of the Alabama gen eral Mike Brannon, formerly of the Philadelphia Transcript, Tom Bran- non, Paul Bleckley, J. M. Bishop, now a prominent lawyer at Eastman, Col. B. P. Sawyer, John J. Littleton, of Chattanooga, and others. The paper used up money reckless ly, and went through changes of pol cy with the rapidity of a panorama of dissolving views, j .It brought out Gen. Gartrell for Governor.; boomed him two weeks, and then without the slightest warning troited out Mr. Stephens, who was elected. After making this sudden change the Post-Appeal sent a bill: o Gartrell for aavertising nis cauaiuacy, and the old General almost crlpped himself In at tempting to kick the collector out of his office. . , r . w People raged, stormed, and laughed, but Thornton was running the paper to suit himself. ' t Reverses came ' and a mock jale of the Post-Appeal was madc The per son who boucht it transfered tho press to Mr. John L. Conley and a lit igation followel on both the civil and criminal side of the court which lasted about fifteen years. The Thorntons moved to Kentucky and purchased a half Interest in a coal mine. Thornton was elected presi dent, but it the ecd of , two years was ousted. He remained on the spot, en--tertained lavifchiy and at tho next election! was again made president. His interest In the coaUmino was sold, later for $200,000, and Thornton and his wife f moved to Hickory, N. C.t where they now reside. vr i During the past few years Colonel Thornton has amused himself with a weekly paper, and is at present practi cing law. He ls! noted for his hospi- talit-v .and old man Holdeman, of the lycuisvine courier Journal, is occas ionally his guest for a week ox two at a time. - - At first the Colonel puzzled the North Carolinians with Lis remarka able opinions, methods and exploits iu politics and la w, and they are still vainly endeavoring to size him up. There Is really no standard by which the Colonel can W mearufed. W hether he is in axivance of of the age or behind It, no man can tell, , Teoplo criticise his judgement and Ills meth- and at the critical moment, when, according to the logic of the situation. be Should be hoieIesIy defeated ho comes to the front fcrene and trino-r pliant. He has been ridiculed and fiercely assailed, and yet he has never -be n willing to fay or do anytnlUgr that woald cause his wost enemy to shel a tear. . i . Whether the times are out of joint, or the Colonel is in that fix hinuelf it would take a very bold man to de cide. It Is tald t hat hi heal Ih has broken down recently, and this, will be sad news to the jovial men about town ' here who in the old days were never happier than when they met together to make a night of it, with the light hearted Thornton to enliven the cro wtL gay what you pleate, h U career cbal lesges wonder. Starting friendksa and fbor, ' ' withoat an edsicatibn, he .hai been a lawyer, JcurnalUt, pmldent of a cosl-mine and a eap;t4!Iit. -Sduo femn with greater advantage who UKrd to lauh at bhir liav gene to tLe gattcr long ago. : ;
Hickory Democrat (Hickory, N.C.)
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Jan. 6, 1898, edition 1
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