Austin Weekly Statesman. (Austin, Tex.), Ed. 1 Thursday, November 11, 1897 Page: 5 of 12
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DEMOCRATS HAVE APPAUEVTLV
ABANDONED AM HOrEMLE
i OFF FOR WASHINGTON.
Talk of (he Deinocrn. ii .
jolnIna. Wl
the Repnbllcaa LeKl(Illtor.
' . Who Ar oPped to the
' Section of Hanna.
Cincinnati Nov. 7 Tnhn t t
the republicans notwitLtand In? the
ffl 0" of contest. Before his
raparture Mr. McLean held a eoufer
e w'th Chairman McCouvllle nd
other democratic leaders. d
.ike If ia nothlll(r known as to the
probable policy of the demornits ns a
.minority in the -legislature but it is he-
heved they will join the antl .Hanna rt
LUnatorn8k0brlnBi 0lV mn for
m ? 'we luestion has been raised
Lr whe'her seventy-three votes v. ere
wit a mnJrity of all. If a ma-
2 J l"orum only is necessary
some might lie sick as it would be
less embarrassing than to be present
and vote against the caucus nominee.
J . no point had also been raised as to
the succession to the governorship. If
Governor Bushnell should be elected
senator by a succession the lieutenant
governor Mr. A. W. Jones would be-
.me the chief executive. As the Mate
senate in rtpmnrntii. hv 10 tn it u
held that a democratic senator would
succeed Jones and be in line for the gov-
ernorship. Among the nineteen conceded thp dem-
ocrats in the senate Is Senator Voight
of Cincinnati a fusion republican who
holds the balance of power in that body
and he is non-commltal.
Democrats Apparently Give Up.
Columbus 0 Nov. 7. There have
been no developments in the legislative
situation today the democrats having
apparently abandoned all further effort
to contest the election .of republican rep-
resentatives in close counfes. The re-
publican majority of five oljoint ballot
in the general assembly wJU probably
not be changed unless the "Tusioulst
members In Cincinnati vote with the re-
publicans. CURRENCY PLANS.
Answers Received by Monetary
CommlsHion to Its Reeent '
Circular.
Washington Nov. 7. The monetary
commission is receiving in answer to
its circular many Interesting proposi-
tions for reform of the banking and
currency system of the count;-' and
among these is one from John C. Bullitt
.hlnVi rtnmtnw itrV1v AnHnranil nn it
niiaii) luiuiuf J ...... ... .
d oes by financial authorities has com-
manded great attention and study.
Mr. Bullitt's plan touches every
branch of the problem before the com-
mission and its provisions in. outline
na
Tkn nil nf tl.ii mitatnnrlincr rnrrencv
obligations amounting to about $800-
000000 shall be taken up and cancelled
HUU tuene i cimim u.........n
ncss exigencies (under the .lir"crion of
a currency Donra compusuu ui mc i .--dent
secretary of the treasury and
comptroller of the currency) by 3 per
cent bonds. .
There is to be but one kind of cur-
itncy namely national bank notes re-
deemable in gold at the bank of issue
and selected banks of reserve and th.?se
notes are to be issued gradually to re-
place United States obligations ns the
latter are required. These notes are to
be secured by a deposit of l. per cent
of gold in the treasury by la i per cent
rold In the bnnk vaults and by a first
lien upon all of the bank assets ns well
as by a special provision giving the gov-
ernment the right to assess all national
banks when needed to make good nofes
of a defaulting bank the notes of which
would then be redeemed by the govern-
ment. A tax Is to be laid upon the
bank to cover the expenses of the cur-
rency board and the balance held to se-
cure redemption of notes in gold but if
hese exceed $10000000 the surplus
may be covered into the treasury tc .pay
interest on United States bonds and for
general purposes. This tax should be
lne-h"lf ofi per cent or 1 P J"
annum as the commission shall elect.
" should be given to bs n"
permission from the currency board to
SnfVe1
by r while in clreuia-
tinn the tax on notes to be at a raw.
whichwould put a PrR7h0fmeerS?
1 ia Silver nSd s bsltory join's
huS redeemed in gold by the gov-
reive them. . f flU kinaa
ble one-thira m bu y t0 8uppiy
hank notes. Th is is i nu. j iuired
the government with tnei goiu
11 1 rnledges audTo? other pur-
red' The Si Quality of gold and
poses. neM "': as now provided
ver should remain mm y
by law and ti ney wtent of
leKal tender. at0dutieS and taxes
'Lnrhe?rrnencL b--5j
er to e in 11M of the
... from time to nine tn na.
ietS Bint sent
branch bank. W 1 u0n- 118 favo
Hity of mJkine th!bt8u the advisa-
sole hL th.bank8 "ssets the
to kl?.'he pe-0:e re fully adequate
404 m 67)0 rf tw clrc'-tlon the
I i th7 l of thls money now afloat
oi ex) y Wllere sold 18 nt carried
MffitS far B.Wt-thB f0rm 0f l0Uly
it i helS 18 no dilUculty iu securing
th i "'ts In banks. Moreover
save? taWr hy- th0 80vernm;ut of
S irW0Vid require the loekinic up of
witSS fSld eserve ln the treasurj-and
restrict the circulation.
act of MnrhaVii5Qthe P1 of ;he
fssuo if tt?3 K8' Kmg the re-
ls"l?t Umted States notes coming into
with hasUry and would. leave It optional
m ? e tleaBWrV to reissue these notes
hI J e Btabllty of the gold standard.
He regards as prospective danger from
mra'Iita"Ja!1.Ce 0f the PrMont leK'
nioney circulation and believes it urn
be gradually retired by the coining of
silver bullion both into dollars and sub-
sidiary coins.
Money panics he thinks ate aggra-
vated by the accumulation of country
bank deposits in New York from
when it Is withdrawn rapidly just when
II Off I OH fhnnA
.ihcrtfore he would abolidh -eserve
'ltle8 and rennlra natinnoi v. l .
. .... .1..11U1 UUIIB9
iiiiuugnout tne country to keep about
11 Dei' Cent man in Maapna In ik..ln .......
. ... . v .... i .1.: 411 I.I1L.-1L unil
Vaults. inRllrmir a iinlfnm. .i;ail...t-t
of money.
Martyr Betanconrt'a Knnprnl.
legation today received a cablegram
irom me miniKter of foreign relations at
ItiO do .Tnnairi annnnnninir tl.a fiinnnnl
" ' u. Jl.l.llf IUC 1 LI 1 1 V 1 .11
Of Marshal Betnlrmirt. whn mm fntnllv
wounded on Friday while nrotecting
i resuient .Monies trom assassination
The dispatch read:
"The funeral of Marshal Betancourt
iuiniv.1 v 1. nuii tuun j ;cj.zi uuji
The president of the republic followed
nit: reuittiua iu tue eviiwiurjr auu wan en-
wnicn congregatea more tnaQ au.uuu people."
AUSTIN WEEKLY STATESMAN THURSDAY.. NOVEMBER 11 1897.
l10tc8 from ''tired and to an-
.rr.verninent curren t j b.nk8 to
tbortae new Dnnns . . re ald
k established when t as the
Mth inch wov. PXpedient
lp:rd may deem ' 1 P the anmint
with power also to inc wixtirea for
of note issue by ' tn i m business ns
the normal conditions oi . t jn
- the country As Unking
nave power to adju.i dinirv. be-
"Lpther normal or tx"1 ... 0 dis-
?wee? the new and gU btAcm. The
fncUon being draw n e gsne de-
V per cent Kold J?" t treasury and the
Josifed in f kveenrtn?uClbank vault. should
iS per cent kept iu 2- per fent re
to counted of - i banks.
that It has bee n f panic.
Union bank of ew
IREAT
GREEN
H4444m444
OF
LABEL
SALE
Batterworth Seriously 111.
vii vvjuuu vs. iiui . x lie iij oiiaiin
In attendance upon Maj. Benjamin But-
tnHnn4ti tAin v- (oninn P wn fanfa Vl
tui n ui iii Ltiuiuiinaiuuci u. uvc;iibf3f n uu
is 111 with pneumonia at the Hollenden
nofei give mil niiiti encuuruKi'iueiii lur
mo icluvcij it is niuicu at. i.' w tiuvn
tnnlmrit fKnf Via tint ta AMfiniT
the night but the physicians could not
ieu yet wnemer lie wumu net wuii. .wi.
Butterworth's wife and daughter who
were summoned irom uiucinu:ui are ui
his bedside.
Extraordinary Sacrifice Sale with Sure Enough
MEAT in it.
Yesterday saw the Starting point of THE SALE wherein we will clean up EVERY STITCH of our
'. f tt u imr a i. . mi
large i ninu stocn at precisely iuty cents ouc) on the dollar lai.uu;.
German Snnsldlea.
Washington. Nov. 7. Consul Mona
ghan at Chemnitz Germany has made
a report to tne state departmet upon sub
sidies granted 'by the German govern-
ment. The government pays 27000000
marks annually for sending a steamer to
India and Australia and the government
has increased the subsidy by 1500000
marks to run for fifteen years but the
pomnnnv must nut on four more steam
ers. . The consul says Russia with her
trans-Siberian railroad will be a great
competitor for transportation to the
orient. To meet this more and faster
ships are to be put on between here and
Europe.
NATIONAL LEAGUE TROSPECTS.
Prenldent Nick Young Seta Some Hu-
morn at Rent. .
Washington Nov. 7. President Nick
Vonni?. who leaves tomorrow to attend
the annual meeting of the National Base
ball League at Philadelphia made tnis
statement with reference to tbe constitu-
encv of the league next year:
"Every fall brings the usual rumors of
the dissolution of the partnership of the
league and tne return 10 ine oiu orgnui-
zntion of eight clubs after the fashion
of the eignt-cliiD league ana me
can association. The conference of 1891
that brought about the twelve-club
league settled a compact for ten years
i 1 1. -in niauihln rhnnirp of re
alm Hicic i i'1'; . ----- -
organization until the expiration of that
compact. Besides tne league m iucur-
porated as a regular partnership and it
: i j i iri imnnHHihilitv to break
VtUtim in; a. . w . ..
this compact. Even at the expiration of
the twelve-club agreement tne major
league will in my opinion be reorganized
nlong the same linen and with the same
number of clubs.
i.n.inn lnri ja rnnieal change in
.l. ...i...f.ih nircitit hecnuse of the
falling off in attendance at one or more
. . . . .mi vhmh n'lll
c ties tne nexi mirKmauui -;
be brought about in 1001 will consist of
twelve dribs with possibly a change of
not more than one city in the circuit.
Kumom of a shift of the Cleveland fran-
chise are merely the dreams of some of
the young men of the press in search of
baseball news in the off season.
"I look for some big deals south this
year. Some of the clubs in the first
division will figure in trades though few
f any purchases outright will be made.
'The rules will of course. be touched
on but I feel safe in perd.cting that not
one radical change will be made.
President Young expressed himself in
favoTof the abolition of the Temple cup
games and the substitution of money
p?iies for the clubs finishing one two
three. .
TO TRAIL TRAIN ROBBERS.
Black Jack Gang Believed to Be Re-
pon-lble for tne new
Train Robbery.
Santa Pe N M. Nov. .-United
States Mnrsnni rm7
graphed to Washington for permission to
n.nA men to take the trail
of th? gang who last night held up the
Atlantic and Pacific train. The mar-
shal left for Grant's station tonight and
ejects to receive an answer from the
Washington authorities there. He w
satUfied that the original Black Jack
gang of desperadoes is responsible .for
Es'as u&'.XuS
in the mountains and he had hoped to
l! ohio to bring them bnck to tne
be awe io lu.b .... .:i rn h mnnv
but he go ernment of Mexico refuse.1
1" gang sbOTld be lail before and be re-
Viewed by Minister Romero at Wash-
inftt0is'feared that before their arrest can
&"pon to consent to their extradi-
tion. .
Dry Dock Floated In.
0v. 7. The long-expected
floating dry iock built in England and
float ng urj . accommodate large
JfSk anived here today. It d
the Atlantic without damage.
PRICES tgs
hich these goods have
and what they II now fig-
run something like this:
ALL SUITS
ALL SUITS
ALL SUITS
HANGING IN VALUE FROM $5.00 to $7.50 will dean up ut
ITERETOFOBE $8.00 TO $10.00.. CHOICE MAY BE HAD AT
FROM $12.50 UP TO THE FINEST IN THE LAND Choice at
$3.50
PANTS UPHEAVAL.
On and after Saturday November 6th there will be one place in Austin where SUITS and PANTS may be had at 'WAY DOWN PRICES.
That's' in
THE UP AND UP
50 CLOTHING SALE.
We hare 50o PANTS we have 75c PANTS we have $1.00 PANTS wo have PANTS -at $1.25 but these are not what we
want to tell you about; they arc not what you or any other sensible person rould be interested in. "lis the more substantial stuff
we're willing to dig into. Such as '
PVNTS which sell at from $2.00 to $3.00 which we will run out at fj) 150
PL'J1the former price on which have been $3.50 to $4.50 clearing at
$2.50
. pNTS11'6 fin!8fc in tlc 110166 and bclieve il ffe have Btack9of fineoncB)$3t50
NONE HIGHER.
This is :io clop-trap sale gotten up to raise the wind. We want to be rid of this particular stock a great deal more thaa the
money is needed; we l;now that price will sell anything having value and not alone our whole business character is back of this
effort but besides we have too much sense to ' .' - '
Touch the Prices With a Feather
You'll find them CUT and cut DEEP. A GREEN TICK LT benring the price in PLAIN FIGURES ia on every garment
so that all may see for themselves. The cut prices will continue us long as the stuff holds out. i ' .
RAA
41
TZ
Tbe Dictator of Moderate Prices"
517-519 Congress Avenue.
The Biff Fresh Stock
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Austin Weekly Statesman. (Austin, Tex.), Ed. 1 Thursday, November 11, 1897, newspaper, November 11, 1897; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth278877/m1/5/: accessed April 27, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; .