Evening star. [volume] (Washington, D.C.) 1854-1972, 1879-06-13
FOREIGN AFFAIRS.
lsernSany'. CoimaRe


LONDON, June l3.-The London Times, In It's
financial article this morning, says:-There is
ample evidence to show that although the ioat-
ing supply OF money is considerabl less than &c
was, materially higher rates than those exist
ing here for money are for the present fmpos-
sible. One or the main causes OF the rise In
silver was the publication or q letter TO the
under secretary OF state for India giving the
views OF Lord Odo Russell the British amoas-
sador to Berlin I'm regard TO Germany's coinage
poIey. &c i The letter confirms the announcement
10 sell any more silver at present. The letter
further states that the German government has
n ,o,o"o pounds In silver on hand, which win In
aaoeo. on the authority OF Lord 0do Russell,
that II Is generally believed by financial men ia
,SeInany that the government is preparing TO
lhtroduce and adopt the double standard. as iu
france. rms news may be quite correct, for
the economic vagarfes OF the German govern
ment IN all directions are unknown quantities,
and we may be prepared 70 accept the perpe-
tratfon or any folly after what the past few
years have revealed. Stlll ft would be well 10
receive ,ea TINS on news n with caution f"r more rea
In Germany is hardly sufficient ground on
which TO come 10 the conclusion that silver
viii be remonetized forthwith. AS a whole,
however, the tendency OF the extract contained
IN the Parliamentary paper, where this letter
appears, is 10 show that a recovery In the value
OF silver is quite probable; that Germany win
cease 10 sell till the price rises again is also
very likely, for the loss so far has been rather
severe. She is, besides, behindhand with her
silver coinage, quite apart from any question
have much more to sell The production OF
silver, moreover, has been far less In propor-
tion TO gold than Is popularity supposed, and its
consumption is greater than those who advo-
cate the adoption OF bi-metallism for England
have allowed for. All this fully Justif1es the
opinion that the depreciatif n or silver has been
uDduly great, but it by no means follows that
an Immediate and great rise Is TO take place.
The lessor taught by the recent experiments
with India council drafts should not be 50
lightly forgotten. While these drafts are kept
small In amount silver advances In price, but
the moment they increase to anything like the
level or the requirements OF the Indian govern
things %sa 3.
ever the intentions OF the German government
may be, and whatever the relative production
Gr nosa scer ana goid as long as the amount OF
nearly equals or exceeds what the excess OF
the export trade OF India can cover, tt cannot
be too often reiterated that therein lies the
true dffficulty or the silver question.
Betting ON Hamlan.
LONDON, June l3.-The odds or 200 TO 50 on
Hanlan were taken yesterday. ,
The English Races To-day.
LONDOR, June l3.-Chipperdale won tue Hard
wicke stakes at the Ascot meeting to-day. The
race for the Alexandra plate, the chief event OF
to-days sport. was won by Count z. de La
oranges four years old black colt Insulaire.
THE RAILROAD WAR.
All Quiet Along the Line.
L.
tending the service OF an Injunction wednes-
DAY morning, ana In accordance with which the
Atchfson, Topeka and Santa Fe Railroad Com
paDy was ouSted and the Denver and Rio
Grande Railroad Company resumed possession
OF its constructed railroad, has subSided, and
quiet Is reported along the entire line. The
commenced some weeks ago to cancel and set
aside the lease which was signed In Boston by
the two companies last october, but which still
nan1nr onT Pto Gra1 ~ eS ueas OF wncn Inc
to eese its line OF constructed road 33l miles I'm
length, TO the Atchison, Topeka and santa Fe
Rallroad Company. After full argument OF
counsel OF the respective parties, Judge Bowen
declded that the lease was invalid, and that the
AtchiSon, Topeka and Santa Fe Railroad Com
pany had no right or authority TO accept and
operate the road, and he directed an Injunction
TO issue against the further occupancy and
operation thereof by that company, and en-
Joined them from interfering or obstructing the
future operation OF the road by the Denver ana
kio Grande Railroad Company The Atchis0n,
Topeka and Santa Fe Railroad Company had
placed armed guards at the various stations OF
the court. These men were enJoined also.
Process was simultaneously served along the
whole line at O'Clock Wednesday morning
n, and the who whole road, with an the rolling stock
Canon City, and all the stations except Elmoro
are IN peaceable possession OF the Denver and
Rio Grande Railroad Company, and regular
trains are being run over the entire road. The
Denver and Rio Grande Railroad Company
assert that during the six months possession OF
their road ad interim by the expelled lessees
gain have been violated. Judge HaIlett mas
decided that the controversy was, In effect,
tetween the two companies, and therefore re-
movable, and that the L. s. court had Jurisdic-
legality OF Judge Bowens Injunction. He said
he would take no further action until the attor-
neyS OF the Denver and Rio Grande Railroad
Company were notified. 1t is inferred that he
intends to postpone all further action until
Justice M1ller's arrival, as this and the Grand
Canon suit are all considered as part OF the
same litigation.
The Labor Trouble n Fall River.