Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1875-08-28

h.H -.
llsW ne News Of Mr. Ralstea'I
Dsash vas ascsivsd In chicago.
CUoAoo. August 28.-Ths nows o.
Prssident Ralston's suicide did not reach
this city In time last evening 10 b 70
ported outsids Of newspaper circles. hui
tho Intelligence pubiished this morning
has created q sensation greater. II pos
sibls. than hat Of yesterday. when The
nsvs, that the Bank Of California had
suspended. came 10 hand. Il IL the
universal topic Of conversation. but does
mot seem 70 exert any evil influence upon
trade.
...,. TIE 0eshs Annivsrsary.
NEW Yoax. August. 28.-The twenty.
NTH anniversary Of the German poet.
Goths. will DO celebrated at Gilmors's
Garden this evening. An Grafton will
be delivered by VIM. Cullen Bryant,
and an original poem by Bayard Taylor
will he read. There will DO also vocal
and instrumental music, and q bust Of
the poet, received per steamer Nop-
stock. from Europe. will DO exhibited.
Harder en- shipsssra.
Captain Lawrence Of the schooner
Josephine Potts. Of Port Jefferson,
while lying of City Island last evening
became involved 10 o quarrel with tho
Mate, whom the latter picked mp n small
Ratchet and cut him on the head. Tho
cook. q young boy, on going to the
cabin. saw tho Captain lying on the
foor dead. No other person was on
board. The Mate presented q pistol at
cook and compelled him TO row him
ashore At Kings Point. Tho murderer
thon hsd.
wendell PhnIips ON thc Currency
Question.
NEW YoRx, August s8-Thc Herald
this morning publishes . long letter
from Wendell Phillips 10 tho Secretary
OF the New Political 0rganization-tho
Legal Tender Club giving views on the
currency question. Mr.. Phillips says
there are hut two questions 10 DO con-
sidsrsd touching the currency: First
Upon what scale, and second how
much Of Il, shall shall wo hsvei The
experience Of business men long ago
settled Il beyond recall throughout
C~hrissndom. The currency must DO pa.
per. II 10 idle to-day to talk OF q
specie basis. Upon this the issue OF le.
gal tsndsr notes rests. Mr.. Phillips
says that the nation stands there. This
makes our national bank bills good. and
equally good everywhere. All the note
currency We have rests on national
credit, directly OIL indirectly. Al to how
much currency we shall have, he says no
single man can decide thoquestion. The
Government issues arc all currency. and
any business man who wishes can get
good security for them at low interest
and convertible into long bonds.
II necessary let the capital Of these
long term bonds be payable in gold,
mako grsonbacks loyal tender for all
purposes and Customs. and all Govern
msnt business included. The HruId
sditorially reviews Mr.. Phillips l%stter.
and rdieulss his logic. II says there
are millions Of dollars lying idle In the
banks drawing no interest or rs good as
none. and II Phillips proposition was
adopted the owners OF these millions
would al onco cast them 10 Washington
aud require United States Treasurer
Bhstow 10 pay them interest on this
money. but the poor man would DO ui'
able 10 got the money he would need, rs
the Treasurer would thon lend money
on good security only; that Is to say.
Phillips, would have tho Government
lend only TO the rich. In conclusion no
says, we do not doubt hut Phillips
means we'll, but has Numbered. and We
confess he does not cat q nice figure ~
q bloated aristocrat.