The daily intelligencer. [volume] (Seattle, Wash. Territory [i.e. Wash.]) 1876-1881, 1877-12-19

In rSpld succession. ana several other
cars were destroyed Many families
are left homeless
CINCINNATI, Dec ls.-The extern
tive dry goods house of Horton & Co.,
made an assignment to-day. Liabili-
ties not stated.
LANCASTER, Dec. lS.-Janes Pan
nell was to-day sentenced 10 be hanged
for the murder of his wife at Lancaster
in July, 1876.
PHILADELPHIA, Dec. lS.-The Board
Of Trade tonight unanimously adopted
. resolution opposing the passage Of
the Bland silver bill.
NEW YORK, Dec lS-Spesking of
work On the East River bridge, the
Sun says, the eighth pair Of cables oil
the East River bridge has been finished
and work is to be begun today on the
corresponding pair of upstream cables.
Clear and pleasant weather enables the
engineers to run wires without inter-
ruption. and to stretch it faster than
similar work was ever done Oh any
other suspension bridge. The work OF
excavating for approaches is proceed
ing rapidly. and the masonry is very
massive in appearance.
While laborers in Brooklyn were
digging in New York street. recently,
they turned up an old English bayonet,
supposed to be relic of the battle OF
Long island. 1t bore stamp of the
crown.
NEW York, Dec lS.-The HeyalFs
Washington special says the attention
of the Secretary of the Treasury has
been drawn to some recent movements
of the dollar of our daddies," which
show that in the West the law of de.
mand and supply is in force. and West.
ern people who are so Justify crying for
silver dollars, are getting them. Circu-
lars from San Francisco bankers have
been sent in large numbers to bankers
and manufacturers all over the north
west Offering to furnish them trade dol.
lars in any quantity at one and one hall
per cent. discount for greenbacks. 1t
has become known. also. that Mexican
dollars recently began to 60 West from
New York, in considerable amounts
being collected and sent out By New
York brokers, who sell them to manu-.
facturers for ninety seven cents ON the
dollar. The Western workingmen
have so long been told by demagogues
that that they ought to have silver dol.
lars that they largely believe it, and
employers of labor IN the northwest
have begun to pay out trade dollars in
wages, and find it for the moment q
popular act. Their workmen are glad
to get silver, and have net yet dis
covered that they are taking about
ninety-five cents worth of silver for
every dollar they earn. Employers
with large pay rolls, of course, make
comfortable profit by paying out silver
dollars at par. which cost them only
ninety seven cents. and bankers who
supply manufacturers and other em.
ployers with silver instead of green.
backs. also make handsome gain.
Prudent banks, of course, do not like
the reverse of this operation. They
decline to receive silver dollars Oh de.
post, and return greenbacks 10 depos.
itors. At some points in the West they
already refuse to do so. and this is EN-.
barrassing to merchants and shop-keep.
ers, whose accounts threaten to become
seriously deranged. because silver dol
lars received by workingmen of course
ultimately flow into their tills, and then
have to be paid out by them here. In
Washington one Of the leading banks
already found it necessary to refuse sill
yer dollars from merchants and manu-.
fscturers. except as q special deposit tc
be returned. and prominent banker
here says that his New York cores
pondents will not credit MIN for green
backs on deposits of silver. wherefore
he must, of course. protect himself.
The supply of silver trade dollars
now worth about 81 cents in green.
backs, is quite large at San Francisco
where banks have for long time re-
fused TO take them except as special
deposit, aud these dollars arc thereto re
shipped to northwestern states in large
quantities. and also at a considerable
profit. The owners Of silver bullion
out there are urging the mint to more
rapid coinage Of Trade dollars. In Tex.
Is also silver is received only at its &C.
tual value in currency or gold, and at a
large discount. Therefore Texans some
time ago found themselves subjected tc
. flood Of Mexican dollars which are
worth about the same IS our trade dol.
lar. and to protect themselves from
loss the bankers and merchants refused
to accept dollars only at proper dis.
count. and shipped silver north at ev-