Los Angeles daily herald., 1876-02-20
LATE TELEGRAPHlC NEWS.
Revolutionary Successes In the Mexi.
can States

can states.
/ TUCSON, 18th. The Citizen of the
18th says that the Serna adherents
here are in receipt of official reports
from General Terres, commanding
the right wing of the Revolutionary
army at Coricori. The report is dat
ed January 30th, and says: On jan
uary 14th Col. Ramon .Yberra, the
Revolutionist, attacked a position
near Alamas held by force of State
troops under Tiburcio Otero, Perfect
of Alamas, and routed the govern
ment forces. On the 18th Gen. Terres
with 100 cavalry, joined Yberra, and
they pursued Otero, overtaking him
at Minas Nuevas and found him re-
in-forced by 500 cavalry and 100 in
| fantry. The battle was of several
hours duration, resulting in the Sc
| we're defeat of the State forces and the
capture of eight prisoners, including
| Col. Montijo, commander at Navajo,
and one captain. Terres was severely
but not dangerously wounded. He
has made his headquarters at Cori-
cori, where he has been joined by
Col. Climaco, making the united
forces 500 armed and equipped cav
airy.
silver.
NEW YORK, Feb. 1Sth.-The Tri-
| bune this morning in an editorial says
silver is drug for there is great and
growing excitement over the late fall
in the value of silver. Trade dollars
have become nuisance and threaten
to drive gold coin out of circulation.
Merchants and bankers have but one
course to pursue. Ifthey don't wish to
see gold entirely disappear from circu-
lation, they must refuse the trade dol
lar for all payments larger than five
dollars. A proposition to make silver
an unlimited tender would be in. the
present state of things a formal ftpu
diation on part of the United States of
considerable per centage of its lndebt-
edness.
We are glad to see that prominent
men who have been consulted on the
subject, by San Francisco newspaper
reporters, condemn the project OF Sen
ator Jones to change the standard
from gold to silver and debase silver
dollars to equal greenbacks. Congress
will hardly consent, We think, to dis
grace the Republic in order to keep
up The dividends of the Bonanza mine
owners. There are two distinct out
lets for overplus of silver, either of
which is sufficient to take off without
resorting to the debasement of silver
coin. The trade dollar was expressly
made for idolators, and is said to be
so in favor with them they will make
silver and trade dollar cheap, and the
Asiatics will take more silver and less
merchandise in return for their tea.
The Manchester cotton spinners are
already loudly complaining of the un-
frofitableness of their trade with the
East. They are in reality competing
with Nevada mines, but of the wants
of trade in India and China, encourag-
ed by the fall of one or two pence more
in the price of an ounce of bullion at
London cause more silver and less cot
ton goods to be sent to Asia. What
can merchants and spinners do but
submit
Is it any harder for rich Senators
from Nevada to stand the falling off
of their dividends than it is for Man.
chester spinners and our Southern
planters to take over prices for their
products whicl: they have already
been compelled to do and much lower
ones in proportion than that now rul-
ing for silver. Within a few years
silver has fallen but ten per cent when
measured by its gold price in London,
but cotton and cotton goods measured
by some standard have fallen in the
same time from twenty to forty per
cent. In the second place, tons of sill
yer are used for watches and other
things. Vastly too many to be
named. The lower price of silver and
its value in arts will quickly increase.
The idea that the glut of silver calls
for the Interference of Congress, much
less for the debasement of our coin, is
not to be endured. We prefer silver
for fractional currency because its use
for that purpose is sanctioned by the
existing laws of the country and the
uses of the civilized world and we
think it would be reform to return
to return to halves, quarters and dimes
as ordained by the law of 1852 and dis
continue those divisions ofpaper mon
ey mills which work on fractional cur
rency. Of over forty-five million peo-
pie at least "A, 100000 are not interest
ed in silver mines and have nothing
to gain by the high price foc the met
ais.
English Mission.
New YORK, 1Sth.-Whenever there
is vacancy in the English mission
or q rumor of one it has been the Gus
tom in some quarters to mention the
name of Secretary Fish as likely to be
rendered the appointment in this con-
nection. 1t can be stated on the au-
thority OF Mr.. Fish that under no cir
cumstances would be consent to ac-
cept the appointment.