The Pioche weekly record. [volume] (Pioche, Nev.) 1877-1900, 1878-12-07
LATEST NEWS by MAIL.

vance in gold, late in the afternoon, to 1908 an
advance Of h@k per cent. from current quo
tations in the morning. powerful bull pool
in the gold market was rumored early in the
week, and well-informed persons were not,
therefore, much surprised by the sharp advance
in the premium yesterday. As the story Of the
street runs, j. Gould, James r. Keene and Rus
sci Sage are tho principals of the wealthy
clique, and they propose to buy forty millions
in coin, and will use their utmost influence to
thwart the endeavors Of the Administration at
resuming specie payments on the LIST of january.
It is said that this trio OF desperate men, who
are operating together to crush the stock
market, through an attempt at panic in gold,
will, about the LIST of January, withdraw about
fifty millions of coin from the banks, and they
figure that the Withdrawals by the public will
amount to one hundred millions more. 1t is
said that by common system of borrowing
gold upon foreign exchange, about thirty mil
lions more coin can be taken out CT the market,
and desperate effort will thus be made to
create another Black Friday in Wall street. Sam
Ward, the veteran lobbyist at Washington, who
is 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 at
tacks upon the financial standing and future
policy of tho Government. To say that the
feeling in Wall street, especially among Repub-
licans, is greatly incensed against the members
of this gold clique, but family expresses an
opinion upon this important matter. In the
stock market the indignation is deep, and old
conservative bankers Of many years experience
are very outspoken in their condemnation of
the operations Of such inscriptions fnancier-
ing. gentleman who has been bank presi-
dent for many years, was excitedly addressing
q crowd OF his financial acquaintance in Del
monico'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 pay
ments on the first Of January. The clique yes
terday bought between six and seven million in
gold. They had already on hand about four
millions.
WAsHINGToN, December 3.
The report Of the Secretary of the Treasury
is looked upon as being by far the most i'm
portant of all the Departmental reports OF the
year. The statistics with which it sbounds
have been published for the most part before,
except those which are not Of much general in
tsrest. The parts which excite peculiar interest
relate to resumption, the standard silver dollar
and Government saving deposits. The Secretary
defends the provision Of the Resumption act
making greenbacks redeemable at the New
York sub.treasury ss great convenience, and
no hardship to the public, as he proposes te
accept legal tenders in payment of duties, ant
in the purchase OF bonds everywhere, afte
January LIST, provided Congress does not inter
| fere to prevent it. He thinks there is coil
enough on hand to answer the purpose o
resumption. He announces that he shall no
force those presenting greenbacks for resump
| ton to take silver, believing that that woul'
tend to defeat the bi-metsllic policy. He vii
reserve the legal right to do 80, but will prob
ably not exercise it, unless directed to do 30 b
act of Congress. At the time silver was remon
itized the bullion value Of the silver dollar, il
gold, was 93k cents; at the present time 1t
only about So cents. he thinks . Unite
amount of silver dollars can be kept in circul,
ton without driving out Of circulation tn
gold coin, even without an equalization
actual value Of the two kinds of money. 3
advocates, however, an increase OF one-tentl
or one.eight in thickness Of the silver dolla
and no disturbance of values could result Their
from. He thinks that confidence would be il
spired, and the circulation Of the silver doll
be greatly facilitated The Secretary sugges
that the department be authorized to issue ce
tifcates Of deposit Of the United States OF Il
} denomination of $40 dollars, bearing interest
| the rate Of 65-10O per cent. per annum, al
convertible at any time within one year aft
their issue into four per cent. bonds, and th1
facilitate the investment in Government BON
, IS = savings deposit.
The Democratic members OF the Potter
vestigating Committee held o private conferen
. yesterday, at which 1t WAS agreed that Cha
8 man Potter should call a meeting Of the COZ
8 mittee for next Thursday. 1t was informal
agreed that in case the House shall not in I
meantime specially direct an investigation
the cipher kilograms. the committee will pi
. coed to make an investigation of them and I
similar matter, under the general authori
conferred on it at the last session. 1t 10 Ill
wise tho intention Of the majority Of the CO
!. mittee to take additional testimony on the 81
ject under inquiry, the investigation of viii
was unfinished last summer.
DIXON, CAL, December
A distressing accident occurred this morni
70 at the residence Of Mr.. Mcpherson, living
miles southwest Of Dixon. At an early he
this morning the hired man discovered
~ breaking through the roof Of the building, q
about the same time Mrs. Mcpherson and an
dian woman, who we're eating breakfast In
% basement, heard the cries Of distress from
Indian girl about eight years Of age, in one
the. rooms on the upper floor. Rushing
D stairs, they discovered the entire room en-,
oped in sheet Of fame, and the Indian girl
., their midst, uttering the most heart.rend
n. cries for help. All efforts to reach her "
a. fruitless, and after the building had fallen
NJ charred remains were discovered in the raj
m II IL thought the girl upset kerosene lamp