The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1893-08-29
NEWS By THE ALAMEDA

| piONIutuS lOT Tie repeal Oh Tue silver
purchase act and substituting free
coinage of gold and silver at the ratio
of is to l.
a caucus of the democratic mem
bers of the senate indicates that the
silver men are strong enough to pre-
vent repeal of the Sherman silver act
unless some substitute be introduced.
At the Chicago silver convention,
held on August 4th, violent speeches
| denOuncing the attitude of Great Brit
ain and President Cleveland were de
livered, and wild disorder ensued, but
eventually a resolution in favor of the
free coinage of silver was carried.
The president exhorts congress to
repeal the Sherman silver act, and to
take such action as will prove its re-
solve to fulfil the national obligations
in money matters recognized by civil
! lied countries.
The president, in his message, says
| the accumulation of useless silver and
the depletion of the gold reserve have
| deprecated the currency, and the
present financial disorder is wholly
due to the Sherman act. Congress
! would be asked to legislate upon tariff
reforms after the silver difficulty is
remedied. 1t is generally expected
the message will be highly approved.
The president in his message to con-
gress, says gold in the treasury has
decreased S26,000,000 in three years.
The export of gold in 1898 already ex-
ceeds the imports by S17,5O0,0OO, and
each days delay in dealing with the
monetary question is dangerous.
Public opinion comments on the
action of the president in promptly
dealing with the silver question and
postponing the tariff revision.
The English press comments ON the
colorless tenor of the presidents mes
sage generally.
The New York correspondent of the
London Times says all kinds of mon
ey are selling at two per cent. premi-
UNI, and paper money ranks higher
than gold. Inland exchanges are par
alyzed.
The Philadelphia correspondent of
the London Times says each city in
the United States is carefully guard
ing its own supplies of specie.
The "silver" democrats in the low
er house have agreed to oppose the re-
peal of the Sherman act, unless the
present system is replaced by free
coinage. They have resolved to APP
point committee to draft free coin
age bill.
Half a million pounds in gold was
dispatched from London to New York
on August 10th, and another million
goes on the 18th.
An Italian steamer has arrived at
New York with cholera on board.
The Chicago Exhibition has funds
in hand, and is paying dividends.
Mr.. Crisp, democrat, has been elect
ed speaker of the house of representa-
tives.
A man has confessed to firing the
Worlds Fair, in order to cover extern
sive thefts by employees.
During Russian fete in the Chicago
Exhibition an insult was paid to
picture of the Gar by anarchists, In
the melee knives and daggers were
used, and twelve persons were
wounded.
The citizens of Denver (Col. J, fear
ing riots in consequence of the closing
of the mines, are organizing charitable
aid for the men thrown out of work.
A thousand miners thown out of
work IN the state of Colorado, owing
to the silver crisis, are said to be
starving. The parks are being turned
into camps of refuge and the officials
of the state are providing food for the
destitute.
Owing to the recent financial fail.
ures there are a hundred and twenty
thousand persons who have been
thrown out of employment in the
United States $4,000 in Chicago
alone. Ex-president Harrison says it
is pitiful to see the distress caused by
the closing of the factories. If the
crisis is prolonged, the coming winter
will be terrible one.
The Spanish government has
agreed to offer no opposition to the
Great Britain.
During the recent visit of the Khe-
dive of Egypt the Sultan advised him
against interfering with the British
in Egypt.
The captain of the French warship |
at Bangkok has, at the instance of |
Admiral Human, in charge of the |
French squadron, apologized to the |
captain of II. NJ. IS Pallas for rudely |
ordering him outside of the limit of |
the blockade set up by France.
The Melbourne Legislative Assem-
bly, passed the income tax by A to IS.
The Premier intimated he would |
abolish the primage duty on ad valo- |
rem and fix the duty on goods.
1t is announced that, for the first |
time in the history of the naval man
the defence feet won, and |
that Admiral Fairfax was unable to |
force the blockade of the Irish sea.
The German government intends to
construct a military port at the mouth
of the Elbe to protect the canal con-
Meeting the Baltic with the North sea
coast. The estimated cost is $780,
300.
The Allen Steamship Company of
London, Eng, have instituted a libel
action against ]. H. Wilson, secretary
Of the Seamen's Union, for statements
made by the latter rejecting on the
treatment of its servants.