Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1878-12-04
EASTERN NEWS S.
NIGHT DISPATCHES.
SPECIAL TO H uREKA DAILY SENTINEL.
Sensation in Wall Street.
AN EFFORT TO PREVENT RESUMPTION.
ANOTHER BLACK FRIDAY LOOKED
FOR.
Talk of Lynching J.. Gould and Jim
Talk Of L%ynching j. Gould anJ Jim
Keene.

NEW YORK, December 3.
The Sunday Ne,cs says the sensation in
the Wall street market yesterday was a
sudden advance in gold, late in the after
noon, to 100 y an advance of a Mss per
cent. from current quotations in the morn
ing. A powerful bull pool in the gold
market was rumored early in the week,
and well-informed persons were not, there
fore, much surprised by the sharp advance
in the premium yesterday. AS the story
of the street runs, Jay Gould, James r..
Keene and Russell Sage are the principals
of the wealthy clique, and they propose to
buy forty millions in coin, and will use
their utmost influence to thwart the en-
deayors Of the Administration at resuminy
specie payments on the LIST of january.
1t is said that this trio Of desperate men,
who are operating together to crush the
stock market, through an attempt at a panic
in gold, will. about the LIST Of January,
withdraw about fifty millions Of coin from
the banks, and they figure that the with
drawals by the public will mount to one
hundred millions more. 1t is said that
by a common system of borrowing gold
upon foreign exchange, about thirty
millions more coin can be taken
out of the market, and a des-
perate effort will thus be made to
create another Black Friday in Wall street.
Sam Ward, the veteran lobbyist at WASH
ington. who is a personal friend of Keene,
has for some time past been studying out
| the weak points in the Treasury scheme Of
| resumption, and the pool has thus been
| encouraged in its threatened attacks upon
| the financial standing and future policy of
| the Government. To say that the feeling
in Wall street, especially among Republic
| cans, is greatly incensed against the men,
bers Of this gold clique, but family ex-
presses an opinion upon this important
matter. In the stock market the indigDa-
ton is deep, and old conservative bankers
Of many years experience are very out
spoken in their condemnation Of the opera
tons OF such un%scrupulcus financiering.
A gentleman who has been q bank presi-
dent for many years, was excitedly address
ing a crowd of his financial acquaintance
in Delmonico's yesterday afternoon, and
was strongly in favor Of lynching Gould
and his followers If they should endeavor
to carry out their plot. and thus prevent
the resumption Of specie payments or the
first of January. The clique yesterday
bought between six and seven million in
gold. They had already On hand about
four millions.
Important Report Of IA Secretary
of tho Treasury.
WASHINGTON, December 5.
The report Of the Secretary of the Treas
ury is looked upon as being by far the
most important OF all the Departmental
reports Of the year. The statistics with
which it abounds have been published for
the most part before, except those which
are not Of much general interest. The
parts which excite peculiar interest relate
to resumption, the standard silver dollar,
and Governments saving deposits. The
Secretary defends the provision Of the Re-
sumption act making ~grcenbacks redeem
able ut the New York sub-treasury as a
great convenience, and no hardship to the
public, as he proposes to accept legal tend
ers in payment Of duties, and in the pur-
chase Of bonds everywhere, after January
LIST, provided Congress does not interfere
to prevent it. He thinks there is coin
enough on hand to answer the purpose of
resumption. He announces that he shall
not force those presenting ~greenbacks for
resumption to take silver, believing that
that would tend to defeat the BIZ
metallic policy. He will reserve the
legal right to do SO, but will probably
not exercise it, unless directed to do 80
by an act Of Congress. At the time silver
was remonetized the bullion value OF the
silver dollar, in gold, was 93A cents; at
the present time it is only about SO cents.
He thinks q limited amount of silver dol
lars can be kept in circulation without
driving ont Of circulation the gold coin,
even without IN equalization in actual value
Of the two kinds Of money. He advocates,
however. an increase Of one-tenth, or one
eighth in thickness OF the silver dol
lar, and no disturbance Of values could re-
suit therefrom. He thinks that confidence
would be inspired, and the circulation Of
the silver dollar be greatly facilitated.
The secretary suggests that the depart
ment be authorized to issue certificates Of
deposit of the United States Of the denomi-
nation OF $40, bearing interest at the rate
Of 3 65-100 per cent. per annum, and con-
vertible at any time within one year after
their issue into four per cent. bonds. and
thus facilitate the investment in Govern
ment bonds as a savings deposit.
The Transfer Of the Indian Bureau
to She War Department.
WASHINGTON, December 8.
General Sherman to-day submitted to
the joint committee, on the transfer Of the
Indian Bureau to the War Department, a
number Of official documents, verifying
his previous statement regarding the adj
visibility OF the transfer. The General
described tho sufferings Of the Indians,
and said the army should either be trans.
ferred to the Interior Department, or the
Indian Bureau to the War Department
Under the existing management the Coy
eminent was very heavily taxed, and the
poor Indian was driven TO the wall, not
withstanding. II was his opinion thai
twenty years hence the American popula'
ton would reach eighty millions, and Al
the population increased the Indian reser'
vations would be required for cultivation
..l tha V,d;an uboufd no coraI for now