Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1883-01-14
|TELE 6 R hP hIC
LIVELY POLICE RAIDS In
DUBLIN.
THE MILWAUKEE, FIRE SUP
POSED TO BE IN
CENDIARY.
MORE DISCUSSION ON THE
SILVER QUESTION.
GENERAL NEWS FROM ALL
QUARTERS OF THE
WORLD.
The silver Decline.

The silver Decline.
CHICAGO, Jan. - A Tribune special
from Washington says There has
recently been very important fall in
silver, owing to the action of the
Austrian government. The causes
are not generally understood in this
country. Senator Hill of Colorado,
probably one of the best authorities on
silver in Congress, has written the fol.
lowing letter to the Tribune explaining
the situation Whenever there is de-
cline in the price of silver bullion the
mcnopolists profess to see additional
and more imperative reasons for sus-
pending the coinage o. that metal. 1t
is made to appear that the decline Is
caused by increased production, or by
the failure of the markets of China and
India. which for so many years have
absorbed large share Of the product
of the miues. These causes are repre-
sented as prominent. and IT Is claimed
that the resulting instability IN the
market value of silver renders it unit
for use as money metal. The fact Is,
neither of these causes has been
operative to any considerable exteut
during the past year. The statistics Of
| the silver produclio Of the world fer
the wear ended December 81. 1882, are
not yet complete, but enough is known
! to mike it safe for me to say there fas
been an increase i'll the production over
the two preceding years. IL Is Slight
and inconsequentas.
| As for the Iudian market, British sill
yer exports to that country increased
| during the last ten months of 1881 from
Sl37, $50 to S26, 43l .435, and the ex-
per.s of silver to China during the same
period fell off only $1,000, GOO. The
! cause of the late decline must he looked
| for in some other quarter.
A Vienna correspondent of the Lon
don Economist Of August !, 1882. states
| t nat the expectation of silver from Aus
uro-Hungary during the year preceding
that date, had been almost 1900. Op
forms, or abou, S24, OO0,O 900. A larger
part If this export occurred during the
| ii st five months of 1882, during which
1t amounted to SIS, 432, 00U. A cousid-
cradle part of this silver went to India.
The London Economist of December
l6. 1882, after stating the fact OF an alb.
normal flow of silver from China to
India, adds: But beyond this, Austria
has shipped e2,000,G00 or $40, 900, 0GO
! worth OF silver from Vienna, aud thus
| the India markets have taken Oh more
metal than they know what TO do with.
! This export Of silver from Austria,
principally during the first half of 1852,
did not arise from any tendency 10 that
country towards gold standard, but
| from the fac; that until the recent TALL
| in gold, the price of silver iorin OF
| that metal was not worth mnre than
paper fl ,rin OF Austria. l. was the
hieh-pricsd silver and the premium on
| it as compared with the current paper
money which caused the metal to be
sent out of Austria. A decisive proof
OF that is the fact that since the late
fall in the price of silver, it has begun
to II IVY b-ck.
| A Vienna correspondent, December
Is, 1882, in the Loud n Economist,
s,ys: The falling. price of silver
causes large quantities of Austrian sill.
yer tiorius to return to this country, so
| the silver of the Austro. Hungarian
Bank increased by 3 100000 forms
within the last six weeks. A Paris
| tirm, which undertook to coin %, OOO,-
900 francs in silver for Morocco, and
had purchased a large amount OF Aus
TRAN silver forms, has now sent back
the whole amount, buying silver IN
1 Of
aiarmists among the mono-metallsts,
who declare they can see no limit 70 the
fall of liver, Il may be said that 50 tar
ss the recent fall has arisen from Aus
tyia, we can see exactly what the limits
| are. The silver form is lawful MONEY
in that country. and Its minis are open
to its coinage. Whenever silver bullion
mas declined to such price that forms
can be coined of it a. cost less than
The value of paper ti,rins, or. in other
words, with profit, silver vii! move
in that dire c.ion, and thai IS what is
taking place now.
TEsc Tiger ia Chicago.
CHICAGO. January l3.-Judge Ro-
gers, this no Mug. in the case
Of Copely, keeper of the gambling
room ~ "The S:ore," l76 Clark
street, decided that the ss; sute under
which ;he city police sought to destroy
TIE gaming l,npie.nauts taken from his
place was unconstitutional; that the po-
lice mas no power to execute warrants d.
rec.ed 30 the Sheriff or Constable. As
the police found Ccpely dealing faro
game, the Court decided to hold him
to appear before the Grand Jury. The
effect of the decision is that gambling
implements may be destroyed only after
the owner IS. convicted by criminal
court.
Bound to Box.
PHILADELPHIA, Jan. Sullivan
and Mike Clearey announce, through
their counsel, that they viii give their
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