New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-08-25
TIE CONTEST IN OHIO.

HARD-MONEY DEMOCRATS ADMIT THAT THE con-
TEST FOR GOVERNOR Is HOPELEsS-EFFORTs TO
SAVE THE LEGISLATURE.
TBY TELEGRAPH TO THE TRrBUNE.1
WASHINGTON, Aug. PA number of hard-money
Democrats from various parts of Ohio held secret
conference at Columbus day in the earlier part
of last week and decided for the remainder of the
campaign to direct ther efforts to saving the State
Legislature. For this purpose they thought it best
TO drop Ewing and soft-money views out of their
speeches, so as not to ALLEVIATE their hard-mOney
friends and lose everything. Their action
amounted to a tacit admission that the
contest for the GOvernOrship is hopeless
and that in the contest for the Legislature they
cannot afford to waste any strength in defending
untenable positions. The most prominent men
present at the conference were Frank Hurd and
General James b. Steadman. The intimate rela-
tons between Hurd and Senator Thurman lead
TO the suppOsitOn that the new move was
made in the atter's interest, and probably under
ms direction Should the Democrats lose the Legis-
lature as well as the Governorship. Thurman would
not only be out of the race for the Presidential
nomination, but would lose the chance of retaining
his seat in the Senate. and be succeeded by a Re-
publican in 1881.
ENGLISH GOLD SHIPMENTS TO THIS COUN-
TRY.
L. BALANCE OF TRADE LIKELY TO REMAIN IN DOR
FAVOR.
rBY TELEGRAPH To rRIBUNEl
WASHINGTON, Aug. 24.-Air. r. Z. Preston, the
Examiner who is in charge of the office OF the Dl-
rector of the Mint during Director Burchards tenn
porary absence said yesterday that i'll his opinion
the shipments of gold from England to this country
which began a few days ago will continue for some
time. He said that about $l.O0O,OOO, mostly in
English gold com and bars were received yester-
a.I,o4 - VIII iS afl
this country will arrive within week The total
amount received up to date is about $3.500,000.
In 1873 English gold came here to the amount of
$4,000, 900 OF S20000,000 mainly on account of
purchases of bonds but the shipments soon ceased.
Mr. Preston thinks that gold Will now continue to
flow in from England until the amount reaches
100000, 900 OF $25 600, 600, when he expects
United States bonds will begin to return. He says
that there appears TO be superabundance OF gold
coin and bullion in England. According to The
Economist of August o. the Bank of England held on
the LIST inst. gold coin and bullion to the amount
of e35, 36s, OOO against &21, 10000 August l,
1878. Mr.. Preston says that there Is every midi
cation that the balance OF trade now in our favor
will so continue for a long time to come. In
regard to the purchase of silver bullion for coinage,
Mr. Preston said that there have not been,
reported in some of the newspapers, any recent
purchases of silver for American coinage in the
London market Only three such purchases have
been made at all and neither of those recently The
Treasury IS able to buy all the silver bullion 1t
needs in the East at London prices The offers made
by San Francisco bullion holders are all above Lon
don prices. and consequently no bullion has been
bought there. Mr. Preston says that the China de-
Inand absorbs all the Pacific coast product
OF silver at present, and at rates TO
per cent above those which rule the
London market. The steamer which left San Fran
cisco for China yesterday expected TO take out
90, 900 10 100000 of silver bullion. Mr..
Preston thinks that if the Chinese demand should
cease the Pacific Coast bullion-owners would be
left adrft and compelled to make concessions which
would result IN some purchases by the Government.
The coinage of standard silver dollars last month
was only 81 500, 900, but the deficiency Will be
made up this month, so that the amount coined in
July and August will reach the "a, 100000 required
by law.