The morning call., 1893-06-29
A LITTLE LEAVEN.
Hints of an Anti=Silver
Conspiracy.
CLEVELAND HAD A SCHEME.
Congress Was Not Convened Because
1t Was Not Prepared to Follow
the President.
Special to THE MORNING CALL

WASHINGTON, June 2S-Secretary Car
isles mail this morning was loaded down
with letters from bankers, commercial
men and others, calling on the President
to convene Congress at once in extra ses-
sion to consider the financial legislation.
The pressure is great. but there is semi
official authority for the statement that
Congress will not be convened before Sep
TENDER.
A Cabinet officer. speaking of the finan-
clal situation, said this morning there was
no doubt in his mind the repeal of the
Sherman law would bring about much
needed relief; whether temporary or per-
manent, time alone could demonstrate.
Still there was no certainty even now that
Congress would repeal the Sherman law.
The House must be more favorable than
it seems to be. He intimated that if the
President were convinced Congress would
Immediately repeal the Sherman law that
body might be convened in extra session
before Septem Der, but, he concluded, ''the
leaven is working" According to treas
ury adyices silver continues to decline, the
price in London to-day being 81 pence per
ounce, or S0.739 of our money.
This makes the silver dollar worth to-
day as bullion 81 cents. Since the treas
ury went out of the market as purchaser
of silver June 2D the price has declined
from SO.S22 to So.729 per ounce. July is
the time for the next purchase to begin.
but it Is limited at the Treasury Depart
ment that purchases may be DELAYED until
July or z. Secretary Carlisle is giving
close attention to the situation and will
have special conference with the Pres-
dent on the silver question tonight
Though no official announcement has
yet been made on the subject it is found
to be the almost universal opinion of mem
bers Of Congress now in the city. many of
whom have conversed with the President,
that Congress will be called to meet in ex-
ira session the first Monday in September,
which will be September 4.
The President and Secretary Carlisle
will spend the night together at Woodley,
the Presidents country seat, considering
treasury appointments and financial mat
tiers. A large batch Of papers was taken
out there this afternoon.
The Star says: The talk OF the radical
silver men since they have got over the
first shock of the news from India is
rather defiant. While admitting that de-
monetzation In India Is hard blow at
bimetallism at the present ratio, they speak
of it as conspiracy, and insist that il is
more than ever important that this country
should stand by silver. They say they
intend to fight with all their might against
the further degradation of silver. More
conservative men, however. regard this
as whistling against the wind. Their best
judgment is that many who have voted for
free coinage because of their constituents.
will find the present situation a reason for
voting the Sherman law off the statute
books. perhaps even without any sort of
substitute as compromise.
BALTIMORE. June 2S.-The News pre-
sents the result of telegraphic canvass of
the leading newspa pers OF the South show
ing that public sentiment in that section is
now Overwhelmingly in favor of the repeal
Of the Sherman law.
ATLANTA, Ca, June 2S.-Wiihout a
single exception, all of the officers and
directors of the Atlanta Chamber of Com
merce have united In a petition to the
President urging prompt action in calling
Congress together, on the ground that
every days delay is damaging to the bust
ness of the country. The petition is heart
lily Endorsed by the leading business men
Of the city.