BUILDING A NEW CHURCH CEREMONY OF THE CORNER STONE. President Sanders of Otterbein University Delivers the Sermon- News. The corner stone of the first church of United Brethren was laid Sunday at 4 p. m. under auspicious and happy circ*mstances.
The new church is rising on the of Delphi avenue and Second street. Several hundred people and nearly all the ministers of the city were present at the services. Rev. Dr. Sanders, president of Otterbein University, made the address.
He said: We learn that the heaven of heavens cannot contain the almighty God, much less the walls of a temple made with hands, yet ile declares in His word that lIe loves the gates of Zion more than all the dwelling. places of Jacob. And. in every age His. servants have done His pleasure by separating certain places for His worship.
As Jacob erected a stone in Bethel for God's house, as Moses made a tabernacle in the wilderness, as Solomon built a temple on Mt. Zion, we are now met to lay a corner stone of a new house for the worship of the God of our fathers. Let us hope and trust that God will bless our effort, and give it Ilis divine sanction. The Lord loveth the gates of Zion more than all houses of earth. Here lie promises that where two, or three are gathered, to be with them.
There is no one thing that can possibly -reach out so far, or that is so ing in its influence, no one thing on such overcoming power as the church of Jesus Christ. We talk of educational influence, and it is a mighty factor; of the varied potentials in their varied spheres, but we find everything beneath the gospel of Jesus Christ. Preceding every- revolution every reform is this gospel. It mustalways precede every onward It 18 a token. of your faith in the gospel that you have and are building churches and school houses in this beautiful and prosperous city.
Remove the churches and schools out of this city and soon you could not give away your property. Our wealth, our homes and all that we hold dear to us are maintained and protected by the church of Christ. Remove this protection and the value and significance attached to all these will be removed, and the state and national interests of our land will soon be depleted. -This address was followed by prayer and reading of a.Psalm. Songs appropriate were sung, and the pastor exhibited the articles Ito be deposited.
Then the Doctor said: 1. In the name of the Father, and of the Son, and -of the Holy Ghost, -we lay this corner stone for the foundation of a house to be builded and conseerated-to- the service of -Almighty God according to the order and usages of the church of the United Brethren in Christ. At the conclusion Rev." Shouse invited the pastor to join with the Baptist congregation in service at night. The invitation was accepted, and Dr. Sanders preached an able discourse to two.
congregations, to the delight of all. The Doctor preached at the U. B. church on Nebraska in the morning a masterly discourse on the building of life and character. Owing to difticulties experienced In obtaining material the work on the be deferred a few THE HISTORY OF A PANIC.
of Railroads Caused tho Disaster of 1873-Thery Is no Parallel to That Wastoful Speculation In the Present What the present panic may yet have in store for us no one is wise enough to predict, but it can be safely afirmed that it has not, up to the present time, been nearly so disastrous as the panic of 1873. That was real cyclone, in comparison with which the present one would be classed as a rather severe gale of wind. The panic of 1873 had been preceded by a rage of spoculation which began soon after the close of the war in 1865. The speculation took its rise in premature and excessive railway building. During tho war the building of new railways came almost to a standstill.
The capital and labor of the nation for four years were applied most exclusively to military and naval operations. When the armies were disbanded and the nation's floating debt funded, the feld of enterprise in tho, west was entered upon with a feeling of high exuberance and enthusiasm. The first, Pacific railway was opened for business in 1869. Great numbers of the enterprising and the capitalist clasaes were enabled, bythis avenue, to see something of the vast resources west of the Missouri river. The glimpses thus obtained wero very attractive, and the polley which then prevailed nt Waalungton of.
giving away the public lands to people who would agree to build railways through then stimulated to the highest degree this speoulative zeat. At the beginning of 1809 there were 179,209,000 acres of land available as the basis of for railroad boud issues. This was, for the most part, good agricultural land. The world had never seen such chance to make money. Capitalists rushed in from Europe IL8 well as from Ainerica.
to get some of the profita of dazzling Golconda. Railway building took. an unexampied start. From 1850 to 1860 the annua increment of new milengo. was under 2,000 miles per year.
In 1800 it rose to 4,053 miles, in to 5,690 milee, and in 1871 to 7,670 miles. In 1873 there was a slight decrease from the mileage of the previous year, there' belng 6,167 miles of new railway completed. Here were nearly $5,000 miles of new rall way constructed in four years time. GREAT REDUCTION 5 In all Light Colors in A Men's Suits. GREAT REDUCTION In all Light Colors in Boys and Children's Suits Children's Suits $6.50, $5.00, $4.50, Now $3.48.
Children's usual. Li Pants 75c. and $1.00. 100 Dozen Hose Sold everywhere at our price 10c. All Summer Goods Sold at greatly reduced prices.
WHEN, 1: MATTER BLOCK. Seeing Is Believing. 1 You will not believe until you see what A A WONDERFUL BARGAINS AL We are offering In Every Department Of our store. Remember this is the accepted time, and don't delay calling on -GOLDTHAIT SONS 7 H. WILEY.
PEARL BOGUE. Successors to WIl BOGUE, AB ABSTRACTERS RS chA, -AND, NOTARIES PUBLIC. l' The only Set of Abstract Books in the County. REFERENCES: MARION BANK. Office: Basem*nt Court House.
FIRST NATIONAL BANK. PI JASON WILLAON de EXCAANGE BANK. TELEPHONE, 18. IliA Cow. Extending Their Itoom.
Prosecuting Attorney Ratliff has The Spencer, login wholesale ndded another cow to his and grocers, have taken possession of their the fun the boys have at the mayor's "pokin'" fun at him would make portion of the extension of the Tharp office salat angry. The advice that "ho block, recently completed. This tiPm he does not receive there in twenty-four now occuplos the entire lower floor, hours amounts to absolutoly nothing. with the cellar, of this largo building. Saloon In future, the shipping business will "There are, four applications on Ale be carried or at the rear, "and no busifor license to sell.
liquor under the ness will he done on the Branson street State law at Fairmount to be heard by side of. the block. The barrels and the next month. The boxes that have blocked the sidewalk applicanta: are. Du Wane W.
Downer, for so. long will be removed entirely, Jacob Knobb, Luther L. Morris and and the pavement will be given over Dewle Kleespies and Jacob Knobbe to its legitimate It was a necessary adjunct to this feat that there should be a great speculation in iron also in lands and town lots. -Mills and furnaces multiplied on every hand and as these could not possibly supply the demand for rails, cars and locomotives, there was an enormous importation also. The speculation so rampant in iron and in town lots extended of course to other things, so that the period (1869 to 1873) became one of the most remarkablo that this or any country ever saw.
The appearance of abounding prosperity which distinguished this period was darkened on the 17th of September, 1873, by failure of the New York and Oswego Midland railway. There was a tumble in stocks, and this became a panic on the following day, when the banking bouse of Jay Cooke Co, failed. The decline in the stock market, when this event bocama known; ranged from 1 to 10 per cent. On the next day nineteen other banking and brokerage houses in New York and eight in Philadelphia failed. On the next day (the 20th) Union Trust Co.
closed its doors with liabilities of $6,000,000. This event took away what little reason there was left in the street. Western Union Telegraph shares fell 35 points and New York Central 11 points, although the latter bad the powerful support Commodore Vanderbilt, The Bank of Commonwealth and the National Trust, Co. closed "their doors, the Canada Southern railroad failed, and the Stock Exchange closed its doors, and did not reopen them for 10 days. At this juncture an appeal was made to the treasury for assistance, and Secretary Boutwell, after consultation with President Grant, decided to pay out a large sum in greenbacks that had been- retired under a previous law of congress, but not canceled.
It was decided to consider this a reserve and. to use it in the purchase of government bonds. Twenty-four millions was thus disbursed with great rapidity, but without- -producing any good bonds so bought belonged mostly to savings banks, and these locked up the greenbacks which they received, and held them in anticipation of a run on themselves, which did not take place. Very little, if any, of this money found its way into commercial circles. On the 23rd there was a general bank suspension throughout the country, cept at Chicago.
In the latter city Give banks failed. In New York, Philadelphia, Baltimore, Cincinnati and St. Louis the clearing houses adopted the pooling plan of loaning certificates, and with very good effect, because it allayed public excitement and prevented runs which otherwise would have taken place everywhere, as in the panic of 1857. The small banks refused to pay currency, except on small checks or cases, where it was needed -to pay wages. -other checks were cortified ac "good through the clearing house," It was one of the phenomena of this panic that currency bore a premium over certified bank On the 26th of September it was from 3 to 5.
per cent. This was the highest rate of premium. 'The total amount of clearing house certificates in New York at any one time was $22,000,000. On October -2- the premium on currencyover certified to 1 then to then then to and finally, on the 31st day of it disappeared altogether. The last clearing -house certificates redeemed on the 1st of November, at which time complete resumption on the part of the banks took place.
The panic proper ended at this point, but the consequences of it, in commercial circles, lasted till -1879. The mer. cantile failures in the three years following the panic reached $65,000,000, and the railway defaults $503,000,000, plus $226,000,000 such defaults that had occurred before A the September panic began. ITAIL TO TIE AURORA. Appears' in tho North a Beautiful Electric Fountain.
The it- northern sky was painted Sunday night. The aurora borealis blossomed with rose and foliage colored mist 10 beauty far surpassing the electric tourtains at the fair. Whoever was out at 10 o'clock last night might have seen the whiten like the cast at dawn, the etars sputtering dim like the electric lights at daybreak. lIe might, have seen meteors glanco off the heavens and shafts of white light from the northern horizon shoot skyward. Ile might have seen the flower garden of the sky blossoming roseato and green, an extravagant kaleidoscope of these changing complimentary colors.
The aurora has puzzled tho scientists. Our neighbors on the southern hemisphere have the samo. phonomenon crowning oftentimes tho south pole. They call it the aurora australis. Both have many and gorgeous dresses, and a society girl in all her glory was novor arrayed like these.
Sometimes the aurora comes like an arch of light from the cast to the west. It usually ascends in streams from a dusky horizon bank till reaching south beyond the zenith it forms a corona, about a spot in the heavens toward which the magnetic needle points. The phenomena last night approached the species known as the merry The success of Mrs. Annio M. Beam, of McKeesport, l'ennsylvania, in the treatment of diarrhea in her children will undoubtedly be of interest to many mothers.
She says: "I spent scyeral woks in Johnstown after the great, flood, on account of my husband being employed there. We had several children with us, two of whom took the diarrhea very badly. I got some of Chamberlain's Cholic, Cholera and Diarrhea Remedy from Rev. Mr. Chapman.
It cured both of them. I know several other cases where it was equally successful. I think it cannot be excelled and cheerfully. recommend it." 25 and 50 cont bottles for sale by Rigdon Eshelman and John Davia, Druggists. James Craven left his wheel in the alley, by McCleery's.
hardware store Saturday night. On his return the tool-bag and contents, were gone. LACES In Elegant Patterns. CARPETS In Fine Displays. Seasonable Goods In All Departments; Call and see them.GUNDER BROS.
A MAN'S FEET LOOK WELL FEEL WELL If properly clothed; Our Fine Shoes at $2.50, $3.00, $3.50 and $5.00 are designed to cover the points of comfort and appearat-se as well as to cover the feet. SCHWARTZ, THE SHOEMAN. 2 V. CONNER THE LEADING DRUGGISTS, BOOKSELLERS, and JEWELERS. -AND DEALERS' IN- 4.
Wall Paper, a 1 r.n 1 Window Shades, a Paints, Oils, Varnishes, WEST SIDE SQUARE. DEATILOF AN OLD RESIDENT. Mrs. John Anderson died suddenly at hor hom*o, 809 South Branson strcot, last Sunday. Congestion of the lungs caused her death, which camo bofore medical rid could reach her.
Mrs. Andorson was an old and respected realdent of Marion, having first located here in 1853. 5 Margaret A. Tinnoy was born in Harding, county; 78 yoars ago. She became tho wife of John Anderson, an Illinoisan, and removed with him to this place about 40 years Sovon children, of whom four are living, were born to them.
Of these, Mrs. J. C. Whisler, Sarah Crawford and Mary D. Frye are residents of Marion.
No Fair at North Manchester. The directors of the Tri-County Fair association at North Manchester have decided rot to heve a fair this year. It was thought that the world's fair would take away the interest in a local and as the crops, with the exception of wheat, were light, tho live stock scarce and in bad condition, it was considered wise to abandon the fair for this year. Watermelons. The frat 1 of the I Indiana grown watermelons were shipped from the southern part of the state Friday.
The crop is said to be larger, than over this year and the melons are of a much Hotter flavor. F. The Grant county melona ought to be ready for the market in two or three weeks if they have not been injured by the dry weather, Hats from 5, to 35 ad dowers at the same rate I PLENTY MONEY TO LOAN At. 6 per 'on city and farm property. Complete abstracts made.
State Equitable B. L. Asso. Shares only 50c. A.
E. ALMOND, Marion Block, Marion, Ind. WANTED amount from LEND 810 upward on MONEY furnt turo, planos, organs, borsea, vehicles, store flatures, removal of good Loans also made on watches, diamonde, etc. Loans made in any part of Grant county. You can payoff in weekly or monthly payments and reduce the cost proportionately strictly confidential.
MARION LOAN 00 Room 1 White Block, Marion, Ind. I- he Youthful Gymnast Falls. Roy Reynolds, 12 fourteen- -year boy, was turning on horizontal Thursday evening, and" toll, his arm. Dr. Forrest sot the member.
The" boy's Fifth street..
