The Texas Miner, Volume 2, Number 18, May 18, 1895 Page: 8
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8
THE TEXAS MINER.
6.75 against 6.81 at the beginning of the week to 7.31 same
week last year. Pork is slightly lower, closing at 13.25 against
13.50 and 13.75 same time last year. Coffee remains steady at
16 cents against 16.50 same time last year. Sales of wool are
large, prices are low and large stocks of foreign are held here
which have a depressing effect on prices. Hides and'feather are
tending upward,which affects the boot and shoe trade and prices
are materially higher, $3 per case more being demanded for kip
and one more for split boots than last year, while for split and
all-grain shoes orders are now light with $1.15 asked for shoes
which sold last year for 87 cents. Large orders are refused at
less than 15 to 30 cents a pair advance in women's grain and
buff shoes, and manufacturers claim that the advance in price of
grain leather makes this grade of goods cost at least 22 cents
more a pair. Men's boots and shoes selling last year at 85
cents are said to yield no profit to manufacturers at $1 now.
Shipments of boots and shoes last week were 76,450 cases
against 63,450 same week last year.
In general distribution,dry goods are without material change,
while trade has ruled rather quiet. The tone of the market is
strong with a fair demand for seasonable lines. In groceries,
the principal change has been in sugar which has advanced
nearly half a cent, closing'at 4.50 for granulated against 4.18
same time last year.
In the industries iron has been strong under large orders for
rails and structural iron, the Pennsylvania road having ordered
30,000 tons of rails and a Western road 50,000, besides many
small contracts. Strikes for higher wages in the woolen and iron
industries have been features and interfere with the output, al-
though in many cases advances have been conceded. In the
coal trade, but little is doing and no change has yet occurred in
the anthracite situation, although the various roads are still ne-
gotiating. Petroleum has fluctuated widely, crude declining to
I.50 while refined oil during the last month rose from 7.10 to
II.50 in the first two weeks, and has declined again to 7.75 in
the last two weeks, rising again on Thursday to 8.25.
In Wall street, money is easy under increased receipts of cur-
rency from the country, rates for commercial paper being 3 per
cent for endorsed bills receivable, 3 1-2 per cent, for good
double names, 3 1-2 to 4 per cent, for best singles and 4 to 6
per cent, for those less well known. Bar silver has been steady,
closing at 30 3-8d in London and 66 3-8 cents in New York.
Failures for the week have been 227 in the United States against
206 the same week last year. F. B. T.
OUR WASHINGTON LETTER.
[Special Correspondence of The Texas Miner.]
Washington, May 13, 1895.
the income tax.
THE Supreme Court has reached a final decision, with a full
bench sitting, on the constitutionality of the income tax,
and Justice Jackson, who is far from well, will at once re-
turn to his Tennessee heme. The decision, although officially
made, is not yet known to anybody outside of the membership of
the court, and that fact is keeping every newspaper man and
woman in Washington on the jump in search of a leak in order
to give the public the decision before it is formally handed down
next week by the court. The theory that Justice Jackson would
vote against the constitutionality of the law, which was for a
time, nobody knows exactly why, generally accepted, has re-
ceived a black eye. It is known that after the decision was
reached by the full court Justice Jackson had a long private con-
sultation with Justices White, Harlan and Brown, all three of
whom voted with Chief Justice Fuller for the constitutionality of
the income tax when the first decision was made. It is believed
that this long conference was for the purpose of discussing the
points of the opinion, which is to be prepared this w ek, and it
is inferred that Justice Jackson voted the same way his associ-
ates at this conference did, else he would not have taken part in
it. If that inference be correct the decision will uphold the law.
the administration
is still very much worked up over the silver question. In addi-
tion to making the principal address at the Memphis "sound
money" convention, Secretary Carlisle is to take the stump
against silver in Kentucky, the fact being recognized that a vic-
tory for silver in that state will make the Administration cam-
paign for a gold standard almost hopeless. Mr. Carlisle has a
hard task, for it was largely owing to his teaching that silver is so
strong in Kentucky, and he will, Senator Blackburn's friends say,
be confronted with documentary evidence in his own handwriting
to prove that he has turned a somersault on the financial ques-
tion since he became a membei of President Cleveland's cabinet.
favor free coinage.
Senator Hansbrough of North Dakota says a large majority of
the people of his state favor free coinage without an Internation-
al agreement. He thinks France and Germany are ready to
adopt International bimetalism, but that England stands in the
way. In that connection he says: "Any one who cares to ex-
amine the market reports of the past two months will find that
the moment it was decided that China should pay Japan some-
thing like $400,000,000 in silver, the price of the white metal
went up, and immediately the price of wheat began to rise. A
few weeks ago the Rothschilds pulled their gold string on Russia,
and compelled that nation to object to the terms of the Japan-
China treaty, and it is by no means certain that the indemnity
will be paid in silver. In fact, there is a strong probability that
through the manipulatiou of England this indemnity will yet be
paid in gold, and in view of this the tendency of silver is down,
and, as a natural consequence, the price of commodities again
began to decline."
there was or there wasn't.
The fight over the seat in the United States Senate, lately oc-
cupied by Mr. Higgins, which has been the leading feature of
the Delaware Legislature for several months, has been transferred
to the United States Senate by the dispute over the election of
Col. Dupont, the Republicans claiming his election and the Dem-
ocrats claiming that there was no election, the vote of Governor
Watson making it a tie in the last ballot taken. The whole
question will turn upon Governor Watson's righ't to vote. Upon
the death of Governor Marvil, Mr. Watson, by reason of his •po-
sition as Speaker of the Senate, succeeded him as Governor.
He claimed and exercised the right to vote as Senator when the
last ballot was taken,but the claim was ignored and Col. Dupont
declared elected by the Speaker of the House, who was presid-
ing. That there will be a contest for the seat is certain, and
that it will be bitter is altogether probable. Without that seat
the Republicans will hardly attempt to reorganize the Senate.
From the expressions of opinion al.eady made by Senators it
looks as though partisanship was to be the dividing line in the
contest. Senators Sherman and Mitchell think Dupont will be
seated, while Senators Morgan and Gray are confident that he
will not be.
list of patents
Granted to Texas inventors this week, reported by C. A. Snow &
Co., solicitors of American and foreign patents, opposite United
States patent office, Washington, D. C.: J. R. Christian,
Tyler, vehicle brake; P. Lelardoux, Denison, press-box for hori-
zontal oil presses; B. F. Stuart, Waco, tablet holder.
Free Pills.
Send your address to H. E. Bucklen & Co., Chicago, and get
a free sample box of Dr. King's New Life Pills. A trial will
convince you of their merits. These pills are easy in action
and are particularly effective in the cure of Constipation and
Sick Headache. For Malaria and liver troubles they have been
proved invaluable. They are guaranteed to be perfectly free
from every deleterious substance and to be purely vegetable.
They do not weaken by their action, but by giving tone to
stomach and bowels greatly invigorate the system. Regular size
25c per box. Sold by T. P. M. & M. Co.'s Drug Store.
Ballard's Snow Liniment.
This wonderful Liniment is known from the Atlantic to the
Pacific, and from the Lakes to the Gulf. It is the most pene-
trating Liniment in the world. It will cure Rheumatism, Neu-
ralgia, Cuts, Sprains, Bruises, Wounds, Old Sores, Burns, Scia-
tica, Sore Throat. Sore Chest and all Inflammation after all oth-
ers have failed. It will cure Barb Wire Cuts, and heal all
wounds where proud flesh has set in. It is equally efficient -for
animals. Trv it and you will not be without it. Price 50c.
Sold by T. P.' M. & M, Co. *
Coin's Financial School is on sale at the drug store for 25
cents a copy—a book of 200 pages. Post yourselves upon this
vital subject, so that you can ta]k straight to the point.
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McAdams, Walter B. The Texas Miner, Volume 2, Number 18, May 18, 1895, newspaper, May 18, 1895; Thurber, Texas. (https://texashistory.unt.edu/ark:/67531/metapth200508/m1/8/: accessed May 25, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Tarleton State University.