Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1893-07-20
THE sILpER VA II.


orado Suggests a New Line of Actiop--
Government silver Purchases.
DEVILS LAKE, N. D., July Ex-senator
Hansbrough delivered rather a strange ad-
dress before the Chautauqua Assembly,
yesterday. He explained the difference
between free silver, single gold standard
and limited coinage. He advocated BIZ
metallic currency, the coinage of either
metal to be limited in proportion TO pro-
duction, the ratio to be regulated from
time to time as the relative rate of produc-
ton demands, Congress to be Judge OF
time and rate.
The Senator favored the exclusion of
foreign bullion, or at least would have its
importation regulated by a high rate OF
duty. He advocated the issue of silver
certificates, redeemable in silver, and the
extension of its legal tender power to
$1,000, but not unlimited legal tender
power.
COERCION ADVISED INSTEAD OF FIGHTING.
CHICAGO. ILL., July 15.--A Herald special
from Pueblo, Col, says:
The more conservative element of the
people of Colorado realize that the silver
convention held at Denver, during the first
of the current week accomplished nothing
toward the purpose for which it has as
senibled.
Since the convention has failed in &C
complishing what was desired, PROPOSE
ton is on foot to call another convention.
which shall aim at tie pockets rather than
the sympathies of those whom it is hoped
to convert to the ideas of the West. The
proposed convention is to be composed of
business men, and the direct object which
is sought is combination among mer-
chants, with the intention of diverting the
trade of Colorado and adjoining states
from the Wholesale trade of the East TO that
of the South
1t is argued that New Orleans is much
nearer to the Rock Mountain states than is
either New York, Boston or Philadelphia;
that it is seaport centrally located, from
which can be furnished every article
needed blythe West upon terms equally
advantageous with those at present OBJ
| tanned.
1t is believed that by diverting this vol
| ume of trade from the accustomed chan
| nels the eyes of the eastern opponents of
silver will be opened and their assistance
may be.enlisted.
THE TREASURY SILVER PURCHASES.
| WAsHISeToN, July 10. - Yesterday s
/ offers of silver were not made public,
| either as to the amounts offered or prices.
| This morning the mint bureau announces
the purchase of 100000 ounces Of yester'
days offers at III cents per ounce; which
| is the figure of the Treasury counter offer
4 Further details, are withheld. The total
amount of silver purchased up to date fol
July is $685. 900 ounces.
SILVER SHIPMENT TO EUROPE.
New York, July l5.--J. d. W. Seligman
& Co., and Zimmerman &c Forshay, each
shipped l00,000 ounces OF silver on the
steamship New York, that sailed this
morning, for Europe.
IN FAVOR OF THE OLD SYSTEM.
SAN Francisco, July 15.--A meeting o.
the prominent silver men of the State wa
held here last night, and resolutions
adopted favoring the restoration of silye
to the position it occupies as a none,
metal previous to the demonstration o
1873 Another meeting will be held mex
week for the purpose of electing delegate
to the silver convention at Chicago.