Arizona weekly citizen., 1893-07-08

| representa- ives o. whom many were
outsposen advocates of the rec coinage
Of silver, and many thought that its eff
feet would be TO place silver 1T Sl.29 an
ounce. The democrats were entirely re-
sponsible fer that If Mr. Cleveland
thinks he has The remedy for certain
and that he is able to su ply it, why
dida't he do SO before? Why did b
not call an extra session OF congress last
April? If you find man hanging with
rope strsngling him and cut it with a
knife, that is ali right. But If you wait
until the next 0ay and then use your
knife you are open 10 serious criticism.
That is all L care to say on the subject"
EX-sENAToRs FAIR AND FLOOD.
SAN Francisco, July 3.-"The Sher-
| man purchase act will have t. be re-
| pealed without delay" eaid ex-Unlted
| States Senator Fair, one OF the largest
silver mine owners in the country.
The act has nsver been of real benefit
TO the country"
Will the silver mines shut down?
THAT IS the only thing left on them
to do. They are all mining at loss
now and the dram on the owners can
not be kept up much longer"
"How about the ComstOck mines.?"
"Those mines have been ard are now
pToduc ne. for y-eight per cent Of gold, so
L DO not think they will be closed, at
least for the present.
Senator Fair thought congress in ex-
ira session w2uld undoubtedly repeal
the Sherman act, even il the silver
advocates were unable To secure the
adoption OF "a substitute.
terests in silver mines on the Pacific
coast, said: Il cannot see what harm
will result from the repeating Of the
She rman act. In my opinion it would
be better to accept the compromise
offered by Bland and coin 100000
monthly, at the same time increasing
the ratio from sixteen to one to twenty
TO one. This would save ,he price of
silver and bring back values to their
origlnal basis.
GRESHAM SPEAKS
INDIANAPOLIS. July 3.-WaIter Q.
Gresham, secretary Of the state, was at
the Bates house today. He was asked:
Have you seen that President Cleve-
land has called congress to meet in
extra session August ~"
"Yes, and | am very glad indeed, that
he did so. 1 believe there was a gen.
eral demacd for meeting of congress
earlier than September and the call. |
think, will do much toward allaying
the doubts that exist as 70 the outcome
of the financial condition"
"Do you think congress will repeal
the Sherman act? was asked.
Il certainly believe it will l will
say, too, that two weeks ago copgre. 8
would not have repealed the act. j
know whereof L speak when | say that"
New YORK, July 3-The effect of
President Cleveland's proclamation was
apparent at the Produce Exchange this
morning. The market opened active
and one and one-thIrd cents higher for
July ard one quarter to one half cent
higher on other months.
SIMLA, July 5. -Replying to a ques-
ton in the legislative council Sir David
Mile Barbour, financial member OF the
vice-regal council said that under the
new order sovereigns will BE- accepted to
an unlimited extent by the Indian
minis. Bank OF England notes will not |
be so accented. Silver now enrDute to |
India will be taken only to avert com
mercial panic. There is no nope that |
civil servants will receive retrospective |
compensation.
WASHINGTON, July 5.-Owing to the
fact that bet5erment of the nations
finances will be the first and gravest |
problem to be confronted particular in
terest attaches TO the house comm ttae
on coinage OF the next congress. An
adverse committee would be Ia posi-
ton to very considerably obstruct bust
ness and worry the advocates of the
Sherman law. Whether or not Mr.. Bland |
Will be reappointed chairman no one ap-
pears to know to a certainty; MS record |
IS an earnest and answering friend of
silver Is well known. When SPEAKER
8 reelected it has generally been his
:ustom to rea2poInt the old chairme1
rhs doubt IL the case of M. Bland
irlses from the fact that Mr.. Crisp is
veil known to be in thorough sympathy !
With the presidents idea of Legislative |
leeds and may hesitate TO appoint to so [
important a comm ttee man so thor :
'ughly committed To an opposite view
n Csc Speaker Crisp should decide not |
o give Ar. Bland the chairmanehlp, the
leXt in line OF direct succession would |
,e Represen tative Tracy, who is a gold !,
tandard man. Those who know both |
nen freely assert that the elevation of
dr. Tracy TO the coinage Craftsmanship
would be especially gratifying to the
xecutive. General A. j. Warner, pres
dent of the bimetallic league, is pre-
'aring the call for the league to meet in
pecial session to take action in advance
f the extra session of congress. Sew :
raj members of the executive commit
90 have not yet been heard from re-
srding their wishes as TO the time and l.
lace for holding the convention. For =
his reason 1T now seems probable that
he call will not be issued until todsy. o
is likely that Chicago will be selected {
ut it has not been definitely arranged q
pom and will not until the executive o
has all been heard from.
Speaker Crisp arrived in Washington
,om Atlanta this morning and at once r
spaired to the treasury department and Is
n interview with Secretary Carlisle was e
ad which lasted twenty minutes. Rep .
Bynum had a short talk a
it'll Speaker Crisp in Secretary Car Is
sle's room and afterwards said he was Sc
ltisfied the next house would repeal OF
the Sherman law. q
The issue of standard silver dollars 81
ON the minis and treasury office dur .
g the week ending July WAS $780, VS
10; for the corresponding week in 1892 q
1890. The shipments of fractional u
70 ~ | -
as S767, 163; for the month of June, OF
90, s1,025517. "a
CONGRESSMAN HENDRICKS OPINION. c..
BHooKLYN. July SC ngressman tn
'seph G. Hendricks, president of the re
at onal Union G1nk. said today: Il 70
rongly favor a JOINT resolut on to be
ssed by the house Of representatives as of
on as congress meets giving the power -
suspend the execution of the purchas- re
? clause of the Sherman silver lag pr