St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-06-29
SILVER GOES LOWER.
Dollar Of Our Daddies Now
Worth 81 Cents as
Bullion.
Next Months Purchases by
the Treasury May Be
Deferred.
Congress Will Not Be Called
to Meet Until Sep
tember.
Easier Condition in the Mon
ey Market Reported in
New York.

WASHINGTON, June 2S.-According
to treasury advices silver continues to
decline, the price in London today be-
ing 81 pence per ounce, or S0.739 our
money. This makes the silver dollar
worth today as bullion 81 cents. Since
the treasury went out of the market as
purchaser of silver for the month,
June 81, the price has declined from
SO.S220 to SO.799 per ounce. Next Mon
day, July 8, is the time for the next
purchase to begin, but 1T is limited at
the treasury department that purchases
may be delayed until July or z. Sec
retary Carlisle is giving close attention
10 the situation. and will have special
conference with the president on the
silver question tonight.
Secretary Carlisle's mail this morning
was loaded down with letters from
bankers, commercial men and others
calling on the president to convene
congress at once i'll extra session to
consider financial legislation. The
pressure is great, but there is semi
official authority for the statement that
congress will not be convened before
September. A cabinet officer, speaking
of The financial situation, said tins
morning that the country had been
brought to its present financial condi-
uon by The very men who were
now clamoring for an extra
of an
preached the end of their rope
and could no longer profit, and they
wanted the government to come TO their
relief, that they might again enter upon
an era of speculation and peculation.
There was no doubt in his mind, he
said that the repeal of the Sherman
law would bring about much-needed
relief, whether temporary or perma-
nent time alone could demonstrate.
Still, there was no certainty, even now,
that congress would repeal the Sherman
law. The house was more favorable to
Its repeal than the senate. He intimat-
ed that if.the president were convinced
that congress would Immediately repeal
the Sherman law that body might be
convened in extra session before Sep
tember. "but, "he concluded, the "leaven
is working"
Surprise in Portland.
PORTLAND, Or, June 2S.-The news
from Washington this afternoon that
the president had Summarily dismissed
the collector of customs, James Lotau,
and placed Deputy Collector Pike in
charge of the Office was genuine sur
prise, inasmuch as Lotau's successor
has been named, and will probably
qualify Saturday next. When seen this
afternoon regarding his removal, Col
lector Lotau said:
Il Just received dispatch from the
department at Washington, instructing
me TO turn over the collectors office to
Deputy Pike. / have done so and he is
now in charge. | think this whole
affair is at the instigationNof the special
agent of the treasury WHO was sent to
this coast oMork up trouble for this
office. Mr.. Cleveland has stated he
would remove no Republicans except
for cause. The fact of the matter is,
they had no cause; consequently they
had to find cause. In view OF the fact
that July | will step out, it seems as
if might have been allowed to retire
in proper form."
1rlVate lnlOFHdtiOu lIOH w dSuluS-
ton states that warrants will soon be
issued for the arrest of number
of custom officers and certain indi-
viduaIs who have been connected
with the smuggling ring. 1t is stated
that Secretary Carlisle has announced
his intention of making a vigorous
prosecution and will be actively
seconded by Attorney General Olney.
The steamship Hayten Republic was
Special Treasury Agent Wood. Nothing
is known of the arrest at the United
States marshals office, but complaint
will probably be filed with the clerk of
the United States court tonight or to-
morrow. The ground for the seizure is
not known, but it is said to be the old
charge of smuggling opium and Chinese.