The Abbeville press and banner. (Abbeville, S.C.) 1869-1924, November 29, 1893, Image 3
? TEE
STATE POCKETBOOK
ANNUAL REPORT OF STATE TREAS
URER BATES. Matters
Wh'ch Will Interest Eve?y Well
Informed Citizen?Tb?> State Br>udf>, tb
Borrowing of Money, and the Flaacolu
Part of the Dl?pena*ry.
Columbia,S. C, Nov. 22.?The mos
important and interesting report o
any State officer is that of Tieasure
Bate.?, givn to the press yesterday ai
ternoon. Every citizen who desires t
keep oosted on the atf-urs of his Stat
should read it. Tbere is not a line o
the report which will not be of inter
est. The Dispensary figures giveu fut
D1811 tnt' Lirsc accurate lUfit ui mn icoui
of the scheme, hnanciaJly. Treasure
Bates says:
"The State is to be congratulate!
? apoQ the sue ess that attended the ef
forts of th* Governor and Treasurer t
carry out the act of December, 1892
providing for the redemption of th
Brown cousol debt. N>twithstandini
the Injury done to the credit of th
State duriDff the dark days ofmisrul
from 1868 to 1876, and the baneful pres
ence of 85.965.000 of fraudulent convei
sion bonds or 1869, beariug the grea
seal of the State, still listed upon th
New York Stock Exchange, and tb
prevalence of the severest moDetar
panic this country has experienced li
many years, South Carolina refundei
her brown codsoI debt maturinar Feb
ruary 1, 1893, by placing 2040 yea
and one-half per cent, bonds at pai
The details of this transaction are se
forth in tables numbered Nos. 11 am
s 12.
"In order that the pubiic may b
more fully informed as to the work,
submit the following statement:
"During the month of October, 1892
the Gsvernor and Treasurer visite<
New York c'ty and remained iher<
some weeks trying to induce capital
ists to take the issue of four per cent
bonds then provided for. We did no
succeed in our efforts. Some of thes
capitalists saw their opportunity ti
? force a recognition by the State of th<
fraudulent bonds and demanded sucl
a recognition as the price the Stat
must pay in order to secure their aid
The principal holders of the browi
consols were residents of our State
and the prevailing rate of interest hen
being high, these holders naturally
preferred haviDg their consols contiri
ed at six per cent, rather thao changi
their investments to four or four am
one-half per cent bonds.
"These were some of the difficultie
that bad to be overcome.
"After leaving New York we secure*
the services of Mr. Colden Rhind, o:
Augusta, Gfi., who furnished the bes
testimonials and impressed us with hi
high character and business ability.
He was authorized to open negotia
tions for funding the debt of the Stat
and inviting propositions for four pe
cent, and for four and one-half pe
cent, bonds. During the month of No
vember Mr. Rhind submitted a lette
in the nature of a proposition from Mi
French, then president of the Manhat
tan Trust Company on the part of sat<
company and its associates. It wa
upon this proposition a* a basis tha
the refunding act of 1892 was intro
duced into the Legislature. They pro
nnaati trt tnfco fnnr arid nnfl-half ne
cent. 20-40 year bonds at par, anc
would place to the credit of the Stat'
in the Manhattan Trust Company $350,
000 bv December 1,1892; ?5,000,000 b;
January 1st, 1893, anu auy balanci
that, might be needed bv February 1st
1893. It was our expectation and hop<
thai this would be definitely arranged
and with this ready cash we would re
deem the brown consols in anticipa
* tion of their maturity and have for th'
State all unmatured interest on th<
consols. But, unfortunately, b-fore tht
act of 1892 was passed by tne Lejjisla
ture, Mr. French became ill aud sooi
afterwards died, and pending his ill
ntss two of his stronffrst. associate
withdrew, having become alarmed a
the unusual shipments of gold fron
th? United States to Europe.
However, Mr. Rhind, continued hi
f fforte, and assisted by one or more o
the associates of Mr. French, succeed
ed in organizing a syndicate of JN'ev
"V/?rb Rultimn.-ti Richmond. Charle9
too and other capitalists, of which ih?
Baltimore Trust and Guarantee Com
pany, Robert C. Davidson, president
was the agent. This syndicate, aft?:
.. much correspond eoce and delay, enter
ed into a writttn contract with thi
State on the 19th day of Janunrv, 18S3
to take 82,000,000 of the $5,250,000 fou
and one-half per cent, bonus,woich thi
State proposed to sell at " par flat", an(
were allowed an option of the remain
lng 83,260,000 until April 1st, 1893, a
the same puce. On the Tib of March
1893, th6 syndicate exercised the optioi
and an amended coutrast wa3 made
binding them to take the tuiire issue
Both the original' and the amendei
contracts are on file in this office. It l
? proper to state in this connection tha
Mr. Rhind was to look to the syndi
cate which he organized for compensa
tion for his services. The State no
paying him anything except $150 ii
Inoionna tn haur fhft aynATi.?fa r?F :
UiiO luouauvv W WVM4 VMV Vk <
special trip to New York on pressinj
business for the State in ibe boni
matter.
"Early in May tbe force of tbe mone
tary panic was plainly felt, and a ques
tion arose as to tbe legality of tbe con
tract the State had made with tbe syn
dicate. This question bad to be settled
because it threw a cloud over the titl
of the bonds. A hearing was bad be
fore the Supreme Court on May 9tl
and on May 15th a decision was rendei
ed, in which the Supreme Court unaDj
mously sustained tbe contract. As cai
be readily imagined the difficulties am
dangers that attended the fulfill men
of tbe contract caused much anxiety t
those who represented the State it
such responsible work.
"It will be seen there are still out
standing brown consols to the amoun
ot 9152,520.27. Of thes* 357,375 22 ar
' held for Clemson Bequest, and are t
be cancelled and represented by six pt
cent. Bcrip, as provided by act of .He
cember, 1891, and to redeem the rt
mainder we have cash on haud.amounl
n/> tr. ?1 1 ^ 9rift ftM Thll?l f htTft IS PX
IU? IV yixv,ww wvi AWV.W ?WV.V
cess ot cast! to the credit of the rt
demption fund amounting to |20,113 8(
wnich is explained by the fact that i
estimating the amount of brown con
sols to be redeemed on July 1st, w
bad to allow some margin for wha
brown consols might be issued unde
the various acts from 1873 to 1879 8
between the date of coutract with ih
syndicate and July 1st, 1893. Th
amount issued was not as la^e a3 wa
expected.
"Here I wish to call especial alter
lion 10 the fact that the amount c
bonds and slocks &tlJl fundable i
brown consols, ie.us vauaiiy,e;c .arouuu
IdcIu- if g interest to July 1st, 1893, t
$482,198 57. Why tbe holders finv
waited so long to fund their bonds,
cannot explain. Some btvjb^en sui
rendered here for rp > -mptiun or fun:
ing since July 1st, 1893, aud a questio
arose in my mind as to the prope
course to pursue. I decided to awai
the action or iustruciion of the Legii
lature and respect!ully recomuiea
that the valid principal and interest i
the fundamental oonds be funded di
t
rectly iu the brown four and one-ha
' per cent, bonds, and the excess of caf
in hand to the credit of the redemptic
i_ fund over and above the brown conao
outstanding be used in purchasing ar
cancelling brown four and one-ha
i- per cent.
/InrJnor fhfl TTD?
"AUf expKUUUmcj uunug vuu JV..
e exceeded the receipts, and the Sta
was forced to borrow money. Wni
there was an increase in the reven'
derived from phosp'iate royalty of 88]
f 258.05, a3 eomp*re<i with last year
\ must be remembered that there w;
* a falliog off of some S40,U00 of receip
; cn accounr of a reduction from 4
? mills to 4 % mills In the t<iX levy,
p The expenditures were sreatly i
; crei3?d in 1892 93, as compared wit
1891-92, as thb following items wi
show:
J Amount to pay six months'
Interest on new bonds.... S118.250 (
Amount appropriated,
I Cl^mson College 50,000 I
, Amount, appropriated, State
.T Dispensary 50,000 I
Amount appropriated, artifi?
cial limbs..." 5,000 1
I Amount represented by }4
* mill in levy tax 40,000 I
? $263,250 i
"To meet those extraordinary d
" maodsrthe Governor and Treasurer, t
^ authority of act of the Legislatur
? borrowed $100,000 on notes and aboi
? $35,000 in the way of overdrafts c
[ banks. Th^ plan of making overdraf
I instead of giving notes for all mon(
needed was to avoid borrowing moi
than was actually needed and savic
. as much interest as possible. In coi
elusion i must call the attention of tl
, Legislature to the fact that the tin
allowed this department in which 1
make a report is too short. The Bsc
j Tear closes on October 31st, and tl
Legis'ature meets in about three weel
, afier this date. The State Treasuri
has to make a detailed report to tl
J Comptroller General of all the Octobi
9 transactions of his department, coi
this report upon his records and ba
: ance all his books before he can gi
J accurate information to embody in h
? report. Cannot some remedy be pn
I vided for this difficulty?"
* Tbe tigures contained in the coi
1 I /Innofl/J tohlno KqIatp CT1UA flTl A
ucuoou vavivg uw*wn v v?
i fair idea of the exact financial cond
'* tioa of the State government. Tt
, following is the abstract of cash li;
j; bilities, October 31st, 1893:
? Interest due and not called for, -viz
' On consols, (Brown and valid Green
" from 1879 to 1893, 885,548.48; on 4 pt
? cent, redemption brown consols, 189
1 85.02; on blue 1% per cent, redemj
tlon deficiencies, 1893, 878.70; on ne
43^ per cent, redemption brown coi
, sols, 1893, 8428.81; on deficiency stoc!
2 1879 to 1888, $589.79; total, $86,650 89.
I Interest from 1st of January, 1880 <
1st July, 1893, on 8266,408.05 brow
consols liable to be issued for vali
principal and interest of old bonds n<
" yet consolidated, balance of approprii
* tion therefor,887.839.54; not speciflcaL
1 appropriated, 8127,950.98; total, 821?
790.52. Interest on consols to Jul
' 1878, formerly fundable, now payabl
r 891,480.47; total, 8393.921.88. Princip
* of deficiency stock due 1888 not yet su
j rendered by holders, 8657.40; princip
J brown consols due 1893 outstandini
, 8152.520.27; less amount belonging I
^ the Clrms jn bequest, 857,375 22, 895
145 05; loans effected by Governor ari
' Sf.a e Treasurer authorized by act 189
. S1U5.000.00; sinking fund comraissioi
S42.901.82; direct tax fund, S24.397 5<
** dirt-ct tax proceeds act 1884, S1U.992 0,
_ State dispensary special account sal)
' under Section 2 Dispensary Act, 189
815,838.26; Morrill fund (due Clafli
* College), S10,033.65; Clemsi.?n Colleg
81,15169; apeciai accounts, vz
' E?caeated estate Malone, S7068
^cheated estate Burton, SI,7019
Downer fund. $529 67, <lieins?u bi
* quest, $1,66123; total, S4.602.65; oa
*nce appropriVtnn ur>drawn, saj,818
3 00000; 'Otal S722 634 97
, _ CASH ASSETS 31ST OF OCTOBER.
(ieiierni account, $?iz,ois.?; siukip
* tuud, 342.90182; balauce fiow snles 4j
j per ceuts tor redemption ot brow
' consols, $115,25885; disoeasary sped.
fuDd for 8<tles, ?15 838.26; oa*h torn
dempti-n of d-tjcifii-ies, $938 65; n
? cheated "-states, S2.411 75; Do#ik
fund, $529.67; Clomson 0 liege, $1,151
" 69; Mornli tuad (for CI-.flu < V?ll$10,033
65; direct tix fin d, $24,390 5
Cl-msou bequest, SI,661.23; ?ota-, ?221
728 55; nn c <<ii liaiiintles SlstOotooe
* 1893 o494.906.42.
' Liabili'ies u her than cash, (bon
acco'ipt), green consols outstandini
8528.566.56; less f-sM mated invalidit
0 $419,673 95-108,882 61; brown 4^ p
' cents redemption of the brown col
: sols act, 1892, $5 401,955.86;brown 4 p<
B ? ?1?.. K- n..nonis ai90
i CBUl'. icuc'i'jjuuu uiunu wuoui^ viiit
04; blue4^ per cents, ''deficiencies
* 8400,000; Agricultural college scri
S191.800; bands and stock (princip
' witb interest to 1st Jauuary, 1880,) at
thorized to be funded in brown coi
' sols by the act of 1873 aud subsequer
1 acts, not including invalidity, ac
a which perhaps should be added to tl
? cash liabilities, 8266,408 05; total, 86
393,168 56; net cash liabilities 31st O
tober, 1893, as above, 8494,906 42; tot;
f net liabilities 1st November, 1893, St
] 864,07498.
a General tax?s 1891 and 1892, and als
f backtaxe*, S735.411.03; phosphate ro;
j alty, S233.544 43; sales brown 4}? pi
cents issued for reaemprion of bro*
j. consols, ?2.930,346 74;'ess overpay men'
I. refund, 8750?82,929 596 74; privilej;
. tax oa fertilizers, S5u.243.95; Morri
fund from United States uovernmen
I $19,000; State dispensary sales, ?100 335
o 13; insurance licenese fees, ?10,00
. siuking fund commission, ?7,000; fei
h of office of Secretary of State, ?2,521.1
.. railroad assessments for railroad cor
[. mission, ?6,085.40; special funds, ?'
Q 937.45; loaus (Governor and St*
j Treasurer), 5105.CXHD; other sources, ?1
t 784.10; total, ?1,208 456 36; balance cas
0 31st October, 1892, ?201.718.90-54,41(
1 20526.
Legislative expenses. ?43.427.88; pu
; lie printing, ?23,932.45; education!
t charitable, penal and sanitary institi
e tions and expenses, S223.835 61; Clec
o son Agricultural college, $151,7001!
r interest on public debt and expense
s- $349,597.63; interest on new 45? p?
i- cent, redemption brown consols 1
> July, 1893,?117,696.19; brown conso
due July, 1893, principal redeemed i
j- cash, ?2,814,337 89;f*xoenses ledemDtic
>, brown consols, ?6,036 65?$2,820,374 5
u deQciency stock redeemed,$60.32; Stai
i- dispensary, $134,493 87; salaries?Si
e nreme court, circuit, judges, solicitor
,t State officers, county auditors aud si
r perintend^nts of public institution
0 etc., $151,098.14; pensions, $51,470.2
e maintaining militia. SIU.000; txprnsi
t of elections, $18,167.66; continger
,s funds, stationnry and stamps, execi
tive ollices and supreme Uourt, ttir
i- eroor'3 office, including civil contii
if gent, fund, 88,254 27; other offices, etc
n S3,320 54?SI 1.574 81; direct tax claim
it acr of 1884, $1,78115; direct tax funi
0 830,233 16; artilicul limbs, 85,108; sinl
e iiig fund commissioners warrant
1 8959 52; special fund-1, not includir
$3,24223 paid Clemson colh'ee from ii
I- come of the Clemson tones', 80,4(57.1
n on other accounts, $2*4,498 22; ton
ir 84,182 476.71; >>:lance 31st. Ociobar, 18'J
it 8227,728 55-84.410,205 26.
} The. financial tanH showing'the lij
d ures upon the redemption of i ne brow
n consols covered above and trie folio*
i- ingstatement o?the new issue of b^m
A
,lf ?the brown 4J? per cents redeemable T\
sh In 1933 are given: "
>q Total amount issued to October 31st,
Is 1893, 85,401,953.86, of which amount PRE
id the purchasing syndicate received S3,,lf
250,000; amount issued in exchange for
brown 4 Der cents under act of 1892,
ar 3150,926,57; additional amount in ex- The
te chHPtfei for brown consol3, 31,029.29?
le 35,401.955 80. De
>e As will be noticed above In the table xh
I,- of expenditures S134,493 87 wasexpendit
ed for the State dlsoeosary, the appro- lQ
is prlatlon beine 350,000. ti
is ?
u SURVIVORS WELCOMED. Frei
deal
Augaata In the HjindH of Old Confed ,h
Htr.3. som
^ Augusta, Ga.,}iov. 23.?About 3,000
Confederate veterans gathered in line Pf.01
to day to celebrate i he first day of the said
JU reunion of Confederate veterans held a ris
under the auspices of the Augusta Ex- inpif
position and Georgia State Fair. Ttey nine
were present bere from every section at J
J0 of the South, and made up an array of forc
battle-scared heroes such as i3 seldom wer(
JO P(iPn tncrnther. Thp.v were ffliid of the i
opportunity to meet agdia the men
M who fought in the same cause that they
~ did and to near onre more, may be for .
30 t he last time, the roice that led them 818;t
e' without faltering whether it be to vic?y
tory or defeat* .But there was no war oral
e< cry heard to-day. Where once these con I
heroes met for bloody battles, to day at J
)n they met to grasp the hand of com- wha
ta rades who are lighting not against an' ufc u
-y enemy but with reunited citizens for the i
re the greater glory of the Union and the boai
prosperity and progress of the South. neQ|
Q* At 10 o'clock the line was formed on ^eii
16 Broadway, and with music and yells ec:e(
Je they marched with some of the old h
t(j time leaders at their head. At the Exdl
positioa the exercises of the day were pr?:
16 held and addresses of welcome deliv- ^
iS ered by President J. O. Waddell of the wav
- r - . , ^ of
-1 Georgia state Agricultural society ana ??< ??
10 President Walsh of the Augusta Ixpo- turn
sr sition. tion
7 The address of the day was delivered char
,1; by Gen. C. A. Evans, who was in com ion <
mand of the day. He said: The State thos
13 of Georgia, represented by the presi- 8ee |
dent of the State Agricultural Assosiation,
who was himself a brave Confed- lll01
a" erate soldier, has bidden us enjoy this ^
.a splendid exposition of Georgia's mag- ,~j
l" niticent resources and no one is better ' .P
16 fitted to giv? a cordial welcome than afIPj
a" Col. John Waddell. You wiil agree e1^'
with me that it is like pouring horffey T(
upon a full honey comb to add any- brou
'/ thing to the praises of the president of '80 i
'r the Augusta International Exposition. '86 <
The city holds him enthroned in its over
P* heart. The State owes him ta debt of riodi
w gratitude for the energy and sagacity (jon
I' with which he has published its rare durii
resources to this entire union and urged ^
their development. His fame is as Hod
;? wide as the country and we all know ? *
that the world itself is not bigger than
1(J the heart of Patrick Walsh. The State 'utn
Association and the Augusta Exposi- IroDD
tion, wisely combining their powers, feSu
(J made pledges concerning the exhibi- is8u<
tion of Southern resources which said:
startled us by their magnitude but the the f
e' survey of these halls convinces us that The
al every pledge has been redeemed with com
r: wonderful fidelity. that
al But we are here also, my comrades, Rep
to enjoy a reunion of Southern sol- iowe
'? diers in our own way. Coming from g-L
all quarters, we greet each other as
brothers in a glorious strife. We will .
- not fix bayonets nor fire shot, shell or iV
? minute ball any more. We are true *or
*? trfcfhia arhnla nnnnrro r\9 nnra. fnp it. ifl GVCf
j|* VU UUIO IT UV/*U VWUUV4J VI wmw) aw mm*
?? as much our country as it ever was. vote
They say we surrendered, but In fact P^t
"? we did not surrender. What did we the <
u surrender? .Notour States, nor con- 'ore
ej stitution, nor principles of government. naif
We surrendered nothing, The fighting froiu
stopped and we came nome and went c,atj
*? again to worfc. We are better off than ucat
1" most pe ?ple in our wealth of fl?g.x, for yote
, we enjoy the possession of this stcred h
symbol of sentiment as a banner borne ..
by the hand of affection and behold by "
eyes that look to it as the emblem ot M
5 heroism, manhood aud p tpuiar liberty.
* We nave also as our own this other CUI
'j fluf which represents our government 150
il and which we hope will wave over a Ltec
0* united people and represent the equal era..'
3* advantages of all sucMons under a good num
*r as well as a powerful country.'* G*n- uum
erai Orutendon of South Carolina also irtiC
r spjKe iu me samH siraiu. jejt
D Own?d In Cxya>;a JLinke, UOt
r> ITHICA., N. Y., N >v. 19 ?L S. Mer ^
rum..ui lusiruc'or io Cornell Uuiv<-r3ity,
d and Mi89 M L. Year^in. a student, Puj*'
mint out rowing ou Cayuga Lake > ester- ot bl
day attcru;?oo, and to. lay their bo it was tlie
lm found overturned in the lake. Nothins UQ^
,r has beeD seen or heard of them up to 7
?. o'clock tonight, and th .y wer- evident?
ly drowned by the overturning of tbe lf10
p, boat. Tbev hired a bo it y esterday af I^jro
al ternoon at 3 o'clock. It was very cold,
i- and a strong wind blowing on the lake. '^r
a* Tbe boat owner told them to keep alon* aD
't tbe west shore ol the lake, as it would
be dangerous, elsewhere. This thev did "?cr
*e not do, and it evidently cost then their
J;" lives. BQi]
Later this evening a hunter brought j
.. to the city an overcoat, which had the land
9 marl? nFo Tlalfimn^A firm ?n it. Tf. wnft ^ 1
identified as the instructor's overcoat bv CU^J
Jm a gentleman who boards at the same . **
Bp house with him. Efioris will be made 18 "
u to recover the bodies tomorrow by the can
t8 use ot a cannon. Tbe lady has been ?the
fe studyiue: at Cornell lor two years. Her ?ont
ill home is i-a Laurens county, S. C. Mr. bui7(
it, Merriam was a graduate ol Vaaderbilt 8tay
!- University. He took a post graduate 8tay
0; course at the John Hopkins Universit,, ?8re
and this was his first year at Cornell, Yor
he being an instructor in the political """?
a" economy department. His parents re- Year
[?" side in Chattanooga, Tenn. where his Year
father is a large wholesale grocer, re- "00
ported to be very weallhy. The youug l?e f
). man was passionately fond ot the water, 8UC*
and was ou the lake nearly every day. a?.
T>. wn? l.is n&iiil r.iiRt.nm in take some WblC
kj younji lady with him, aud this fact at beet
aJ once put at re8t all thoughts of the aflair Pu^
tt bfio? aa elopement. The pareuis of lle?
8; both the youni* people have been wired .7*
S3* to the effect that they were drowned. D1^c
er 1 !ar?
St tiattle la the lUoaDtalua. iu a
Is Greenville, S. U., Nov. 21.?Ad- with
.n vices to the Greenville News say3 that the
m a regular battle occurred yesterday in sma
4; the mountains, near the line between twei
te Greenville and Spartanburg counties, ?)en
a- on ihbSpartauburg side, i'n^re was Bma
9. a public sale, aud a lur^e number of the ^
l- mountain people had assembled. Whis
s, Key flowed freely, and there was more
7; or less fighting all day. This culmiu- y
:s ated iu tne aftrrnoon, when tne owners fncr
it of a blockade whiskey wagoa and a Il8t
i- couple of State dL*peusary officers, who the 1
/- had tried to seize it, came together tboi
a- Alter a brief preliminary wrangle be<-c
shooting began. Most of the sober and cons
s, eldery men had goue home, and "the thee
d, boy.V bad a beautiful lree fight to Pop
c- themselves. Oae of the owners of the aaiy
* wai??m. a man named Parris. from t.hm
ig North Carolina, was shot through the
n- heart aad instantly killed. Henry J
1; Fisher, out* of the dispena-uy oflicers, >
Aasioundiu the kitcheu dead, with a jv;3
3, bullet through his br-ast. ?
Several others were wounde-1, three QUt?'
g- seriou ly, and nearly everybody had a *uI)
rn oksh from a knife or a bl,?w froui the d-l,lt
v- butt of a revolver as a souvenir of the and
Js sccasion. ever
HY WE GOT BEiTEN.
DERICK C- WAITE TELLS WHY
THE DEMOCRATS LOST.
8f?y-at-Homo Vote Did It? Cjclcs ol
mocraMo Defeat? Populism Will
row the Election of President Id 1100
to the House.
Washington, D. C? Nov. 21.?
Jerick C. Waitc, who did a great
of expert estimating lor Superinent
Porter in the census office, said
e ooiable things this evening in his
tire nt the Columbbu University.
t. A. ?\ craven m miroaacmg mm
: ''We have wi;,b us this evening
>! ? statistician whose remarkable
iht into figures enabled him twelve
Hbs aeo to point out in his lectures
obos Hopkins University that the
es which produce commercial crisis
e at flood tide. Had the bankers
1 as expectant of disaster, they
Id have maintained tt<eir reserves
thus staved oft the. blunt of the criMr.
Waite, who is makiug an elabe
investigation of the cause of disent
in this country for his lectures
obns Hopkins, and who says only
,t he can prove, will now address
pon the lessons to be drawn from
election. As the election is tne key
d by which the citizens ofaconti;
express aod record their wishes
r Dopes aaa tneir aisuoaieuLs, iue
itiflc study of election statistics in
t bauds Is eminently fitting in a
:tical course of economics like ours."
r. Waite said: Another ''tidal
e" of disapproval has been recorded
le polls. Let us analyze the res
in the light of sixty years of elecstatistlcs.
from my statistical
t,"comparing tbe political complexjf
elections for tweDty years with
e of forty years previous," you will
that during the last twenty years
also the twenty years ending with
areaking up of the Whig party, the
locrats carried every alternate Prestial
election and yet were always
ated at the intervening Presidential
kinn
d the Democrats 1836 ami '76
ight victories at the polls;'40 and
defeats; '44 and '84 victories; '48 and
Meats; '52 and '92 victories. More*
, you notice tbat during bothpei
the Democrats carried every off
;ressional election, except the one
ag the Mexican war.
year ago, & lecture at Johns
kins University, having thus poinfcut
in detail that the election pendu
swings the mantle of supremacy
i party to party with mathematical
larity whenever there is no great
i between the political parties, I
: "There is nothing surprising to
statistician in the Cleveland vote.
Republican farmers have not bee
Democrats." This year I add,
the Democrats have not voted the
nhlip.an tir.tcBt. hut have merelv al
id the election to go by def mlt.
ce the Republican vote for Harriia
1888 t qualed a larger per cent of
,oial numoer of legal voters in New
k than the greatest Democratic vote
polled, it Is fair to assume that the
rs not affiliating with the lesser
ies one halt are Republicans and
)ther half are Democrats. Thereby
subtracting from the Republican
tbe Republican vote in 1893 aod
i the Democratic half the Damo
c vote, we tind that 190.000 Efcpubis
and 210.000 Dem >cram did not
i, if we assume ibat those voting cast
own party ticket *itb tbeqxceoof
s*v. 5 000 Democrats,
r. D"pew, however, claims that
000 Democrats voted the Republi.icKet.
If so, by deduction that
000 Democrats Irom the 215,000
aocrais wu 3 did not vote the Douioc
ticket, we have left 63 000, the
1 -.-?1 Tt ~ 1.1^1
ner ?vno aiao't vow aTau. i .e lutui
ber not voung was 400 000. Sub?in*/
the 65,000 Democrat we have
335,000. tLib Lumber ol Republicans
voting.
ence it is in order Tor Mr. D*pew to
uiu why he ihiuks that 335 000 Raicana
deemed their ticket u i vorttiv
iiug vottd, wbile all but 65,000 A
Democrats marched in solid colts
to the polls.
o show that the Republican farmer
not vote for Cleveland I analyzed
election returns, town by town,
ughout the rural dis ricta of New
k, and discovered that the rural vote
Cleveland was even less in 189.2
t in 1888 in every agricultural couuty
le Empire btate. So great was the
ease, that it more, than cftset the
reland gains in New York City,
'alo and the citties of the interior.
Jhio it was just the same. Cleve'a
vote was less in 1892 thin in 1888
Ihfi rural tnwnshim of all the ayri
ur&l counties.
ence the ouly reasonable conclusion
tat last year the dissatisfied R?publifarmers,
and this year these and
r dissatisfied Republicans and disented
Democratic laborers by the
:ked of thousands, have joined the
-at-home voles. Last year the
-at-home vote in Pennsylvania numd
270,000, this year 530,000, in New
k 200,000 last year, this year 400,in
Virginia last year 75.000, this
1 150,000; in Chicago 55,000 last
, this vear 180,000; in Nebraska 40,in
1888, this year 120,000. It is
Jtay-at home parly which has made
i phenomenal gaius, while without
m Ann Qla fn
lliiyui IttLIb CAUCptlUli ILi a Li J Ub(*V\J
:h has had an election, there has
I a decrease in the vote of the R3licao,
Democratic and all other parexcept
one.
he people's party has made insigant
gains in some of the States
0 Rains in one, and apparent losses
lew on account of the doiu? away
1 fusion. Maryland has not cast for
Democratic State candidates such a
II per cftnt. of her full vote within
ily-flve years. In Pennsylvania the
locralic party has not polled such a
11 vote lor half a century.
he asiooishin^ features ot the recent
'ions are the same a9 thoao of last
, w^en 1,000,000 Republican ?irb
8taved-dt-home, while their Popubrethren
cast 1,042 531 votes on
strength of visiouary promises. Al*
ish 'liftuy ot those promises have
l proven lo be worthy of as little
lideratfouas those givin^utterauce to
are worthy ol the supporl, yet the
uliats nave held their v;te remarkwell,
even in ihoae States where
i were successful last year only beic
of the aid of the Democrats.
ensus and registration statistics dise
the fact thai the Slate having elecs
this year !>ave furnished their full
a o1 C 000 000 stay-at-home voters.
V 4;000.<'00 of these are utterly <UsiQea
wuii tfoeir own party. Thev
the Populists are ihe twop>tent and
-y increasing armies of discontent.
Plans are being laid to unite these forces
under one banner. Their utter lack of
leaders of ability seems to be the only t
obstacle.
These causes which have produced
their discontent are identical with the
, ciuses which have produced the present I
financial crisi3. Hence, I may quote a 1
few words trom what 1 said in Slisce- f
; laneou3 Senate ducument No. 25, "ce- \
lative to the cause of the industrial de- t
nfOQoinn
"la a word, the total net private la- .
debtedness of the American people
equaled in 1880 but 6,750 million dollars. 1
in September 1892, it amounted to 19,- a
700 millions, an increase of 12,000 mil- {
lions in the short period of twilve 8
years." g
"These mute figures tell the tale, Oae
manufacturing and mining industries r
have been stimulated under the intoxi- ?
catin? influeuce of protection, w'uile our J
farmers have been compelled to borrow t
to meet deficits. Oar land vahiya have c
been bolstered up by booms and ruthless
real estate speculations all over the
West and South. Railroads have been 5
built to forestall competitors, to raise f
the value of land and to build cities where
nnnn lunrn noorluH Ttnn el a anrl oeotArod
etocks have been ruthie9sly floated for j
the purpose of wrecking valuable properties
until now the liabilitifss of the railroad
companies, equal tully 85 per cent,
or 5,000 million dollars more than their
iotal assets."
The general discontent and profound
unrest produced and reinforced by auch
potent economic iorcas and combined
with the possibility of a labor vote may
be expected to debar the Repulicans
from gaining the necessary mijorlcv in
the next electoral college. As 1896 is
not the year on which Democratic vietorv
will fall according to the law of
political cycles already noted the House
of Representatives to be chosen in 1894
will probably elect the next President
of the United States.
A ureat Jt ire.
Springfield, Mass., No?. 22.?A
fire broke oat after midnight last eight
id the block owned by J. K. Daxter and
Henry S. Dickinson, at 93 Worthington
street, which before it was checked de- (
strayed eight blocks, resulting in an estimated
damage of nearly a milliom and a
half dollars. The burned district in
Worthinatou street extends nearly one
hundred and fifty feet east fiom the roar
of the Glendower House and is nearly
one huudrcd aud fifty feet deep. The I
block owned by C. J. Weber, grocer; j
two brick blocks, live storiee high, owned a
by J. K. Daxter <fc Co, rag dealers; five j
story block owned by John Doolaa, also e
a rag dealer; five story block owned by e
A. N. Iavon, stock dealer: Glendower
tiotei ana a Dries diock aaa pare 01 tue ?
Wright block.
The first block attacked was occupied f
by A. F. Leonard & Co., agricultural {"
dealers, who occupied the first floor; the J
Stearns Paper ComDauy the second
floor, and the Gasr.hic Publishing Com- ^
pany the th'rd floor. The two top stories a
were used lor the torage of rass and j
waste. In the second block, owned by t
J. K. Dexter & Co, the Uaion Cycle r
Company occupied the first floor. Mayo y
and John Doolan occupied all of their v
respective buildings. The blocks are t
worth about $20,000 each. J. K. Dax- 2
ter k Co. had . bout $16 000 insurance 2
on each ol theirs. J. W. Webber's block, 1
the fifth one destroyed, adjoioed the new ?
DicKinson block on the east. The buila- ^
ilia cost about $10,000 and was insured
for $5 000. Tue Abble clock burned
the moat fiercely of all, except the hotel.
It was built by Jas. Abble and was
valued ba him at $'25,000, with a full insurance.
The block at the corner of a
Worthiniton and Mam streets, which t
was the Seventh to be consumed, wa3 c
occupied by the proprietor., of the Hotel
Glendower and the City National Bank, f
Toe Wright block covere J a considerable l
&paoe of ground, built on three sides ot a
* square. The only portions of these c
damaged were the blocks falling on i
Worthiuaton street and the building on F
the corner, occupied by the Uuii*n Publisuing
Compauy. a
Toe origin of the Ore is a mystery to
the authorities. It was 6 o'clock this ^
morning before the fire was urder con- j
trol. c
The following is a list of the principal c
losses and the insurance a3 far as ob- c
talnable: Glen-tower Hotel, loss on f
building, $65 000, covered by insurance.
Henry S. Houston, maniger, los3 on t
furniture and fix lures, $25,000; in3ur- t
auce, $12,000. City National Bank, j
first floor of Glendower block, furniture J
and fixtures, $6 000; insured. Oa Ab- *
i.e's block, whicn adjoined the Glen- c
. dower building, the loss is $75,000 t
covered by insurance. Of the occupaats ^
M. H. Barnetts, cigar manufacturer aud v
dealer, who occupied a part of the first t
and filth stories, is one of the heaviest
losers. More than 400,000 cigars were c
rloof*>r\T7CiH VmoTrtaa TTQ! na hla fivfurpfl. ftnH a
the loss will reach $50,000, partially in- t
Bured. W. B. Brecknell, engraver, lout
his entire outfit, valued at $3,000; Insured
Ball So Hamblen, dealers lo groceries
and fruit, J033 estimated at $30,000; weil
Insured. Jas McKeen & Co, cloaks and
wraps, $50,000; partly iosured. Mayo
Block was valued at $20,000, but was
msuaed tor only $10,500. A. N. Mayo
& Co, paper stock dealers, who occupied
the Duilding, iost $7,500 on their
stock; insured. John Doolan's five
storv brick block was valued at $20,000
and was insured for $15,000. Einmates
of the loss, by last night's fire are dwindling
rapidly. They started at $2 000,000
Tonight thev are down to S 150.000.
?" " ' ' <
Strandid Id Chicago.
Chicago, Nov. 22.?Four womea of j
high social position in Earop9, who (
came here last May with exhibits for i
the Woman's Building, have been lefc '
penniless and friendless in this city and 1
are trying to secure means with wnich
to return to their homes. The Countess 1
Salazar of Naples is said to ba one of 1
tue leaders of toe best society in Italy c
and stands for the modern renaissance *
of Italian art industries. She has b-ien i
commissioned by the Italian govern- '
ment to look into the industries of N
American women whili h-;re. She 1
charges the board of women managers e
with haviug broken faith with her and *
induced her to come to this country |
under false representaiions. The other ^
women are: Mine. Magnusjon of Ice- a
land, Mme. Koranv ot' Syria and Mias c
Jeanue Sarabji ot' India. They all have E
stories to tell similar to that ot tlae
Couutess Salazar. Several society worn- 0
en have been tryiug to devisa some ?
means of assisting tnese unfortunate,
exhibitors, but so far none of tne
otlioials connected with the fair have
taken any luterest in the matter. One r
woman iQ speaking of the case today e
said: "It is a stigma upon the women r
of this country that these uufortuua e ^
visitors should be left unassisted uu- 3
der the circumstances." jj
SCHOOLS ANtf SCHOLARS.
1 Statistical Portion of an Interesting
Report.
Columbia, S. C, Nov. 23.?The rejort
of the State Superintendent of
Education shows that previous to the
iscal year j U3t closed there were 3,058
!ree school buildings in this State, and
;hat they were valued at $506,984.97. 0?
-hese buildings 692 were log; 2,268
Jrame, 44 brick and 3 stone. The num)er
of school houses owned by the
ichool districts was 1,069, and by other
)ersons 1,999. Forty-five were rented
iQ'l the amount of rent paid was 81,(2383.
During the fi3cal year just closed 80
lew 8caooi nouses were ouuc, ac a cocai
!03t of about 149,000. Spartanburg led
he list with 12 new builiiaga, as a tie
eads all the ocher counties ia the total
lumber of free school buildings In the
:ounty.
The number of school buildings In
lach county and their value for the
'ear ending October 3bt, 1892, was as
'ollows:
Counties. Numb3r. Value.
iiken 51 $1,647 00
Abbeville 197 11,850 00
Anderson 137 j?
3arnwell 150 10,250 00
3eaufort. 34 7,758 55
3erkeley
Charleston 14 155,000 00
Chester 108 18,410 00 .
Chesterfield 73 5,000 00
Clarendon 98
joneton 124 l.zouuo ,
Oarlington 29
Edgefield 212
Fairfield 26 2,319 04
Florence 13 1,690 00
Georgetown 61
ireenville 169 41,057 00 1
Sampton 98 3,800 00
Sorry
Kershaw 78 10,480 00 i
Lancaster 32 2,675 00
Liaurens 118 5,009 CO
Lexington : 58 2,565 00
\Ianon 129 20,000 00 ,
Marlboro 69 7,195 00
dewberry 102 16,685 00
Oconee 95 15,259 00
)rangeburg 116 13,000 00
Pickens 75 5,150 00
Jlchland 69 22,86100
Spartanburg ;.. 202 39,600 00
Sumter 72 21,378 28 1
Jnion 50 5,000 00 1
Williamsburg 59 1,549 uu
iTork 160 35,000 00
Totals : 3,053 *508,984 97
The total number of teachers em>loyed
during toe past year wa3 4,535 !
-2,114 males and 2,421 females. A3
o color 2,676 were white?1,055 males i
;nd 1,621 females, and 1,859 colorad? i
,059 males and 800 females; Eigefl9ld |
imploys the largest number of teach- j
irs, 261, with Spartanburg next, 241.
The total amount paid in salaries
vas 3440,522.17. The amount p ?ld a
[rst grade teacher ranges from |20 to '
40, according to county. The female
eachers get lesa than the males. Char- 1
estonpay? $58,419.35, to teacaers, more
hanany other county. The number
if teachers who attended Institutes
luring the year was 1,584?879 females
md 642 males. The expense of tnese
osticuces was 2,649.95. As ha3 already
?een published, 223,150 pupil3 were en- :
oiled in the schools of cha State this
rear, 120,597 baing colored and 102,571
ehite. As to what the pupils study
ho following will slow: The alphabet,
4.670; spelling, 172,105; reiliug, 158,171;
writing, 133,002; mental arifmeic,
43664; wriUnn arithmetic, 93.454;
r'o^r-iphy, 11,420; Ea^lish grammar,
3277; history of S>uth C*rolina, 34^
:20; physiology and bygeine, 11,212;
ligaer branches, 9,605.
Lynched la a Court B?om.
OrruMWA.Ia., .Nov. 21.?Aq excited
ind angry mob hung Fred Gusufson
o the stair railing of Justice T ruitt'fl
:ourt room at 2:30 this afternoon.
Gustafson brutally assaulted the i
our year old girl of Jones Sax about
0 o'clock last night. The brute was ,
irrested shortly aft9r committing the (
Time aad lodged in jail. This mornug
be was taken to sax's nouse and ,
>ositively identified by the little girl
tad a cjmjanion, who was enticed to
1 room together with the little Sax 1
:irl, but was permitted t? leave after '
fitting inside the room. Gustafson *
:ept the little Sax child and succeeded I
q his purpose. He theu turned her i
iut, and with much difficulty she sue- e
eeded in reaching home, in a terrible
ondltion, and related her horrible ex>erie:ice
to h^r parents.
iier l&jUKr weui bu yuuuo uaau^uaiera,
and soon Capt. Harmon had Gasafsoa
bahiud the bars ot the county
ail. At 2 o'clock today Gustafaon was
aken quietly to Justice Truitt's offise
or arraignment. The news that the
nan was in Truitt's oourt spread with
wonderful rapidity, and in less than
wenty minutes a crowd of perhaps a
housand was surging around the stairway
leading to the court room, trying
o get at the prisoner.
Tne mother of the little girl, sucleeded
in getting to the top of the
itairs and to the platform in front of
he court room swung a rope, and together
with her aged father appealed
o the crowd below to ham; Gustafson.
Sheriff Mclntyre and Mayor Force
ippealed to the crowd for peace and sience,
but all in vain. The inob forced
ts way into the court room, overwhelming
the otHoers by sheer weight
)i numoers. me isauer mo tupo j
:rom the hands of Mrs. Sax and a3 the <
:ourt attaches were powerless to inter:'ere,
placed it about Gustafson's neck
na twinkling. With a yell of rage,
,he rope was seized by a hundred hands
ind the quaking wretch was dragged
:'rom his chair across the floor to the
3oor, where tie was lifted over the railDg
until the rope had been made sejure,
when he was let go.
He hung suspended above the pavenent
on the principal street of the city
'or fully ten minutes, the contortions
)f hia body beiDg exceedingly revoltng.
SudJeuly the rope parted and the
jody dropped to the street below, and a
usii was made for bis possession.
The pulice were first to reach the
jody, and hastily throwing it into a
armer's wagon, standing near by,
lrove rapidly to the jail, followed by
,he mob. The lynchers again demandid
the body of Gustafson, nor would
Lhey desist when told that the man
vii3 de id. A truce was patched up by
he appointment of a committee, which
ivumirifld ih? hnriv ahd uronounced I
ife extinct. 1
The nob then quickly and quietly ,
Ibpersed, and the city is now as quiet j
u if no thought of the terrible affair <
if the atteruoon had ever entered the ,
ainds ot any citizen of the place. <
The lttrle girl remains in a precari- |
ius condition, with the chanced of life
;reatly against her.
Killed While Prayers, I
Paris,Nov. 22.?The arched stone j
oof of St. L'ierre Chadel, recently erect- (
ri Pnnpniuru nuir
U 1 Li VUUipiUlC) uoai viwiviiiv/UM JL v>*. and,
fell this atteruoon, wbiie many \
lis * t-rs of Mercy were at prayer. Several ,
idters were killed and others were in- |
urtd severely.
FURYOFTHE STORM KING.
BRITAIN'S COASTS DEVASTATED BY
WIND AND WAVE. / ,
.
Innumerable Shipwreck*, Corolla* GrMt
W-^t
Lau of Life?Snow-Drift* Plied Up on
the Shores?Soldlera Frozen to Death
at their Posta. '; / -J;:
London, No 7.19.?The storm which i
swept the United Kingdom all yesterday
was still farioas at 12 o'clock today.
Throughout last night and this morning ', J-v|
reports of shipwreck were received almost
incessantly. The Vulture and the
Bessie, small steamers, which took retusje
yesterday afternoon in the harbor
of St. Ives, on the Cornish coast, began
dragging their anchors towards evening.
Both signalled for help, but none could
Ka ofinf In aiiaU WIa ?nAnik*<*
wv o >uu 1U outu Wlllk/iO rroauuci# ALIO J
were driven ashore, and after two hoars
of perilous work the crews were rescued
with . lite lines by the coast guard and
fishermen. The stea ners went to
pieces in the tremendous seas which rolled
over tbem in the night, and this
morning not a vestige of either hull was
9660.
The people of the Orkney Islands, of)
the north coast of Scotland, have suffered
terribly. Many houses were unroofted
yesterday, walls and barns were
leveled and haystacks were lifted from
the fields and blown out to sea. The
packet Osprey was torn from her mooring*
and carried out to sea, she has not
been seen since. The whole plantation
of Dunbeath Castle, in Caithness; the
most notherly county of Scotland, was
swept clean to the ground. Signals of
distress were seen flying this morning
from a vessel on the Goodwin sands, off
the Kentish coast. The fishermen on
shore made repeated efiorts to get life
boats through the sea, but were driven
back.
kji-a yoaooio vtolo asujio uuio uiuiuuix
aear Holy Head, off the Welsh coast;
four of them were {breaking up. Six other
vessels were making signals of distress.
The Yorkshire coast is strewd thick with
wreckage. Near Whitb7, three vessels
went ashore in the night and were going
to pieces at noon. The 'crews were
saved. Tae excursion steamers Tern
and Sfai, waich were at anchor in
Windomere lake, Comty of Lancaster,
when the storm b^ii, were torn loose
before daylight, and both went to the _
bottom. Off Winterton, County of Norfolk,
a schooner founded shortly before
noon and five of the crew were drowned.
Trawlers, fishing smacks and small
craft of other sorts have been reported
by the score as missing from every im? ,
portant point on the coast. The loss of
Life has been great, but no estimate 01
the number drowned is possiole, as communication
with Darts of the coast has
been cut off. Dispatches from Havre
aays that the H ormandy coast has suffered
more severely than for years.
Many lives nave bsen lost, rne service
of channel steamers has been suspended
completely.
At several points on the coast the
thermometer has (alien rapidly, and the
high winds have piled up enormom
snosv-drifta. Two soldiers were tonad
today frozen to death in a drift near
Portsmonth. The British steamship
Hampshire, 1,593 tons, went dowa this - ,
morning o?t Gurnatdshed, on the Cornish
coast. All the ere * took to the boats.
One boat reached shore, bnt the other
went down, and tbe twenty-thiee man
which it carried were lost. Oae of tbe
sailors who were saved said that the
vessel sprang a leak after having been
beaten about by the storm for five honsr. '
She was on her way to Liverpool from
Cardiff.
Reports of minor wrecks multiplied
rapidly this afternoon Toe Norwegian
sciooner Arne sank oft Filey, on tbe
Yorkshire coast. Oaly oae of the nine
men aboard her wa9 saved. A trawler
went ashore near R3ay, on the Caithness
coast, and seven of the eight in her * - !
:rew were lo3t. B3jort3 received from
Eavre and Calais this eroding say that
the storm aloag the Normandy coast is
the worst one experienced in the last
5fty years, Wrec&a are reoorted fro n
svery point along the coast. lanamsrible
small craft vanished last night from
;he waters along the coast. Vessels
vere dragged from their moarings and
mak with all on board.
Bland Fall ot Fight.
Washington, N ov. 21.?Silver men,
mcoaraged by thd election resoles and
)8li8Ving that the conditio! of th3
iountrv since reoeal has demonstrated
;hat the silver purchase law was not
,ttecau38 of the financial depression,
ire preparing to reaew the battle for
illver.
"We expect to undertake to pass a
!ree coinage bill before Congress adourns."
said Mr. Bland deslsively tolay.
"What success we will have Is .
rery uncertain. I shall introduca a
jill re-enacting the Act of 1837 aid
,hus providing again for the free coinige
of the standard silver dollar. M/
jositlon 13 that we should repeal now
ill of the Sherman la wa on silver and
lave the law of 1837 re-enacted and
,hus put silver back to where it wa3
jefore he put his hand on it. Sines we - lave
repealed one of his laws let U3 re33a!
all of them. I think that a major!ty
of the Coinage Committee will fa/or
such a bill as lam preparing. I
hinic tua late election will stimulate '
jome of yiem to a belief in tbe wisdom
)f sucb a policy. Tbe last election Kv - ' |p
seemed to be a general want of confllence
in the Democratic party. The result
of the late election does not look
sither as though tbe people hatl much
confidence that the repeal of the Snerman
law would help them. t
"My purpose is to introduce such a
bill, have it promptly acted upon by the
committee, a31 have no doubt it will
De, and have it reported bactc to the
House. I am willing to wait then a
reasonable time for the discussion and
passage of a tariff bill before pressing
the free coinage measure. We will
aot embarrass them, and will give no
>ne any excuse for evading the issue.
L think our people ought to go to work
md pass a good t inif bill at an early
lay; and after that is done 1 purpose to
see if we cannot have some financial
egislation. For my part, I am a freetrader,
and do not belong to the incliental
protectionists. Of course, if
they put wool on the free list I shall
jxpect and insist on a very heavy cut
n woolen manufactured goods. I
should consider it very unfair to put
svool on the free list unless we get a
compensating redaction in manufactured
woolen goods."
He wan Always a Urate.
Ottumwa, la., Nov. 22.?The man
ranged by the mob yesterday has been
dentilied as F. O. J jhoson, of Aberieen,
6. D., alias Fred Gustavasoa
A. young mau named Lester, who
worked with him.com^ to the police
with ihis information today. lie says
:hat the man was al-vasys a brntc
Che child he assaulted is dying.