The Corvallis gazette. [volume] (Corvallis, Or.) 1862-1899, 1885-09-18
TELEGRApHsC DISPATCHES.
GENERAL NEWS
HosTILEs GOING NORTH.

HOSTILES GOING NORTH.
DEMING, N. NJ, Sept. l3.--A band of In
dians crossed the railroadiseven miles east of
here this morning, going north. 1t is not
known whether they are Indian scouts, fol-
lowing renegades, or another band Of hostiles
which the troops have run out of Mexico,
but they are generally believed to BE- hos
tiles, who are following the route of those
who passed north last week and did the
killing near Lake Valley. From signal fires
seen in the mountains the hostiles evidently
have scouts in advance, and find no troubl"
in evading the troops and passing safely
from one section of the country TO tnother.
NEW YORK, Sept. l2.-The Times leader
declares that the independents will not fol-
low the lead of Hoar and Sherman. ''Nom-
inations, which represent nothing better nor
worse than Hoar's ideas of republicaulsm,
coupled with the platform utterances such
as republican convention inspired and
managed by that pre-A9amite gentleman
will be very apt to adopt, would drive
thousands cf Massachusetts, Independents to
the support of any respectable democratic
ticket. Democrats of that state manifest a
disposition to make nominations which will
acceptable and he worthy of independent
support. But the republican party in New
York is not in the hands of Hoar. 1t is
fortunate in having leaders who, if not exactly
blameless according to the independent stan
dard, are yet not fossils. The New York
independents can await with uhconcern the
work of the two conventions. We say the
two because as there is nothing certain i'll
politics it is possible the independents, or
many Of them, will not decide upon their
course i'll the campaign until they have III
spected the democratic ticket
THE SILVER QUESTION.
New YORK, Sept. IL. The Sun says;
An ,ther important phase of Treasurer Jor-
dams effort to circulate standard silver dol,
lars and subsidiary'coin has been developed.
1t was learned yesterday that the supply OF
legal tender notes held by banks of this
city has been decreased in the last two
weeks nearly nine million dollars. This ex-
traortlinary decrease occasioned much COM
msnt amongst the presidents of banks rep
resented in the clearing house association.
The comment is not favorable to Jordan s
construction of the clause In the silver bill
providing for the issue of silver certificates
deposited in lieu of standard silver dol
A bank president said last night that
To- e &h.a lie
undoubtedly within the law, nevertheless is
decidedly too rigid at this season of the year,
when the cotton and other crops have to be
moved by money supplied by New York
banks.
''The big banks in this city," continued
the bank president, 'are now sending south
every week everywhere from quarter to u
half million apiece, in five, ten, twenty
and fifty dollar bills We are compelled to
do it because we haven't silver dollars to
deposit with the sub treasury in order to
get silver certificates. We will not handle
silver dollars. We will no! even take ad
vantage of the law which gives us the right
to make them part of our reserve. Last
year Cen Spinner's construction of the
clause gave US S23. 900, 600 in silver certif.
Gates in lieu of deposits of gold. Of course
that was an evasion of the law, but it tided
us over aud assisted southern merchants
and everything was serene. Now we
haven't any silver certificates, our supply of
small bills are daily growing less and less
and if something is not done we shall have
to fall back upon our gold supply. Oi
course we could send them silver dollars,
but southern merchants will not stand the
expense of handling silver. Why, know
of bank presidents chasing around in cabs,
securing the city for small bills for southern
customers. The sub-treasury cannot sup
ply us and we are in pretty fix, all because
of Jordan's Interpretation of the clause re
lating to the issue of silver certificates"
A movement is on foot by which the
Certain bank presidents suggest that il
would be possible to deposit gold treasure
with the sub-treasury and receive in return
standard dollars, and the next day returr
the silver dollars and get silver certificates
The gold would remain here, the silver GER
tiGcates would be returned in time and tn
force Of Jordan's construction would b.
broken.
ISDfAE TERRITORY NOTES.
Kansas Cry, No., sept I3.-The Times
Little Rock special says: Cattlemcn are ra