The World. [volume] (Martinsburg, W. Va.) 1891-1896, 1893-06-28
CONGRESS WANTS TINE
For an Extra Session Of Con-
gress Renewed.
The Action Of India on the Silver
Coinage Question Does 1t.
4 Further Decline IN the Price 81 siive,
IN London The vIcercy Explains
why Il Was Impossihie for India
TO Remain Inactive.

wAsHISsToS. June a7.--0ne eject Of
the action Of the government Of India
has been to renew the demand for an
early session Of congress. and this view
Of the situation was presented 20 Sec.
Rotary Carlisle Tuesday morning BY
many Of his congressional callers ana
BY numerous kilograms from all sec;
lions Of the country
Before going to the cabinet meeting
Secretary Carlisle received telegram
from London announcing a further de.
cline IN the price Of silver 10 IS pence.
At this price the silver dollar Ii worth
hS& cents
senator Doiph. Of Oregon. who II the
only Pacific slope senatnr in the city.
said Tuesday morning.: = am opposed
TO my colleague, as you know, on the
subject Of free coinage. and am In
favor Of maintaining all the currency
on par = N gold, hut Il seems 10 me
this action Of the Indian government
will diminish instead Of increasing
the prospect OF passing repeal
Of the sherman law BY the sen.
ate. think the effect will be
to make thoughtful members Of
congress- hesitate before they further
depreciate the value d silver BY sud
denly throwing upon the markets Of
the world the 100000 ounces Of silver,
equivalent to nearly the whole Arneri-
can product, now purchased and stored
by the government. I do not know
that anything better than tho repeal Of
the Sherman net can be done to relieve
the situation, but am fearful that the
repeal Of that act would be disastrous
to the finances Of the government and
tassilver. =
The senator further desired 10 correct
published statement that he had said
IN substance TINT Mr.. Cleveland would
not be able TO command the presence Of
congress at the special session, and that
for himself no would not come 70 wash
ington prior 70 September 80
SIMLA, june 27.--In explaining 10 the
India council the bill providing for the
stoppago Of the free coinage Of silver
and other monetary measures. the
adoption OF which was announced Mon
day, the marquis Of Lansdown, viceroy
Of India, said no hoped tho government
would not be criticized for disposing
Of the important question Of q
single sitting. Tine keynote Of the
scheme was rather 70, prevent fur
ther fall In exchange than TO raise the
value Of the rupee The fixing OF the
provisional rate Of exchange at is I'D
provided an automatic means Of pre-
venting the closing OF the minis and
the violent disturbing Of exchange
rates The rates Of exchange had been
high enough to relieve the government,
while II was well within the limits Of
recent fluctuations.
There should be no mistake, the vice.
roy said, about the facts 1t was not
proposed to substitute gold for the
silver currency. No attempt would be
made at present to ok q legal tender
for gold. For while the ratio OF value
was mentioned II was only provisional
In conclusion the viceroy expressed the
governments sense Of the gravity Of
the step II was about to take Person
ally he was averse to all attempts to
give money commodities fictitious
value, but the time had arrived when
to remain inactive was impossible.
The government would be unworthy Of
the name II II left things alone. II had
not taken the momentnus step with
light hearts. He hoped its action
would be fruitful Of good results and
that sufficient reserve Of gold would
be accumulated TO make an effective
gold standard possible