St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-07-01
CHATS WITH TRAVELLERS.

Col. S. q. Magill weIl-knewn busi-e
ness man of Fargo. N. d.. at the Mer-
chants yesterday, said the burned city
is rising, ph9nix-like. from her recent
devastation by fire, and that i'll five
years tho Catastrophe is likely TO be
looked upon as blessing in Disguise.
Among the rebuilding contracted for
and under way are the opera house.
containing seven stores. Hagaman's
two blocks, the Citizens and Red
River banks; and, number OF
large warehouses are planned and
ready for contracts. Col. Ma
gill continued: IF the monetary
conditions of the country were more
favorable the rebuilding would go on
with great rapidlty. AS 1t is, the greater
part Of the loss was in the business por-
ton and the loss fell in large proper
ton on men and companies of means,
that they get enough money out of.
the Insurance to enable them to rebuilfis
and that work will be carried on to exE
eel the original structures in arciiis
lecture, c0nYenlences and value. Work
ingmen who lost. their homes and all
their effects were the worst sufferers.
but they are getting work now in Fargo
and will soon be out OF distress. The
ing as they were. The hot weather has
hurt them"
tie
Among the well-posted men who ar
rived from New York Yesterday aud put
up at the Ryan is William Ferdon. of
Ferdon & Biddle, extensive cattle OWL
ers, who use the Powder River, Mon
taiIa, ranges. Mr.. Ferdon WAS glad to
hear OF the early assembling of con-
gresS, for. he said. sit will give an
early opportunity fora full and free
discussion of the silver question, which
the Eastern men feel Should be disposed
of. as theyesthink The Sherman law
has had much to=do@ with the enormous
shrinkageof vaiues all over the country.
AS 10 the tariff, that will probably not be
considered at the early session. although
had the assembling been DELAYED until
September both questions might be
looked for. The manufacturers would
undoubtedly like to have the tariff views
presented as soon as possible. hear
good reports from our Montana cattle
friends, ana 1t does seem that the cattle
business is the only one which has not
suffered severely during this period OF
depression"
DR.. Frederick NJ. Endllch, of Los
Angeles. Cal, is in the city, and called
upon Supervising Inspector OF Steam
Vessels John ID. Sloane yesterday. He
is manager of the Southern California
Smelling and Refining company, and
has been engaged in silver mining for
couple of decades. DIR. Endlich is well
posted on the silver subject. especially
from the producers standpoint. He
says that it is Imperative that judieious
silver legislation be had promptly, and
believes that, in case the question is not
speedily eliminated from politics, party
lines will be drawnSon the issue in the
next presidential campaign. He de-
clareS himself as earnestly ia favor of
the repeal of the Sherman coinage act,
and IN favor of the free coinage of the
silver produced in United States mines.
He says that the present coinage law
requires the purchase of S52. 900. 900 OF
silver annually, but there is no restric-
ton as to the purchase of foreign silver.
The amount of silver produced from the
mines in this country is about as much
as is coined at present. If there is taken
into consideration the few millions of
silver used in the arts and the remain
ing production of the mines in this
country is coined into silver under a .
iudicious act he believes that the money
system of the country will be improved,
aid by putting more silver i'll the dollar
the price of bullion will be enhanced SO q
that it will be profitable to operate the
silver mines. He stated that the silver
mines of this country were operated at
a profit in 1885 when silver was worth
S1.29 an ounce. That he considers the
normal value of the bullion, and that
price would be reached under the act
providing for the free coinage of the
product of the mines in the United
States.
Dr.. Endlich spoke of the importance
OF bringing about combination with
the silver producing countries of the
United States. Mexico and the Central
American states of Chilli, Peru and
Bolivia. Ii those countries will COM
Dlne he believes they can regulate the
price OF silver as we'll as the output, and
control the silver policy of the world
and prevent the oriental countries from
forcing the gold basis on the western
hemisphere.
Speaking of the Mexican scheme,
which Is to have combination OF the
countries named and TO issue S5OJ,O00,-
600 or gold bonds and sell them in Eu-
rope, DR.. Endlich declared he believes
Such plan would put this country and
the proposed allies ill a position To con-
trole the currency of the world aud to
A'SeoeS IHC HIOnSy StduueIuS' IL gnu I
ponds to that amount were issued, run
ming twenty years and bearing 4
per cent interest, he has no doubt they
would find ready sale and would re-
suit In bringing the gold OF the world
to this country and put a stop to the eff
forts OF Europe to force the gold stand 5.
ard.
~
]. D. Maloney, recently proprietor of
the Tihbett house. Preston. Mimi, is at
the Clifton visiting his friend, Sherman
Schofield, the well known travelling
man for w. p. Rugg & Co.
~
M. B. Hutchins, formerly with the
Wisconsin Central at Chicago, arrived
yesterday and was busy looking after
affairs among his friends, the railroad
ticket agents.
Tin THE PLAYHOUSES.
Jacob Lifts players viii be seen for the
Loot tjpoa in ssTha Planters Wife, this efter-