New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-06-29
NO TALK OF AN EARLY EXTRA SESSION
CONGRESS WILL PROBABLY MEET on SEPTEM'
Der 4-CHANGE OF SENTIMENT
IN TIE SOUTH.

IN TIE SOUTH.
Washington. June % (Spedal).-The further al In
the silver market to-day excited only langnld In
terest here where the Administrations policy OF not
Fastening the proposed extra session Is generally
under stood and accepted definitely determined The
talk elsewhere about immediate session Of Congress
has simply had the effect Of bringing out again the
nounc emen more or less authenticated, that sepem
Der IS The day set by the President for calling the
two houses together. The few southern Representa-
lives now here who have been heretofore supporting
free coinage measures In Congress are with notice"
able unanimty and alacrty moving over 10 The other
side OF the fence, and in apologctic way sng
costing that Suspension OF the bullion purchase act
t the discretion Of the President would perhaps be
about the most sensible temporary mahesiift whirh
Congress could devise In september. THIS spirit OF
concession will in n month two. no doubt np"n
into activo cooperation In the unconditional repa OF
the sherman act especially II this tendency TO change
OF heart is stimulated by the perauasiv" Establishments
Il Administrative pressure
few OF the extreme silver leaders are s'lll shou'
Ing Conspiracy and "dOwn with Wall street but
the rank and file hopcessy demoraiizsti' ana are
simply looking about for Il saving preteXt to desert
the free-coinsge column. Al the Treasury no addi
tional comment made on the fact that the silver
dollar had fallen a few cents, and would prob
ally sink to half It's face value within a few days.
The Treasury Department Is entirely compliment
and self contained. in The midst OF the crash In
bullion values and looks on II all chiefly as saving
OF good many dollars on the next monthly bullion
purchase.
down with letters from bankers, commercial men
and Others, calling OH the President 10 convene
Congress AT once I'm extra session to consider IMAM
cjal legislation. The pressure Is great, but there Is
scmi-ofcal authority for In" statement mat Jon
eress will not be convened before September
Cabinet officer speaking Of the financial situation,
said this morning that the country hid Deem Drought
to Its present financial condition by the very men
WIN were now clalnoring for extra session Of
fonoress They had reached the end OF their rope
and could no longer profit by speculation. ana wanted
the Government to come TO their r'Iiei, that uey
might again enter upon an era OF specna'ioh' lne'e
was no doubt IN his mind, he said, mat the rppe' OIL
the Sherman law would bring about much needed
r.cf whether temporary or permanent tIme aiohe
could demonstrates. sill there was no certainty mat
Congress woud repeal the sherman law. The House
ras more favorable to It's repeal than the SENATE.
"A. intimated that II IT," PRESIDENT were conVhceu '
Congress would immediately repeal the sherman law
that body might BE- convened In extra session before
eeptember-" but he added, The heaven Is "ofh
Ing IT,, - ,,o =.
s,,r. the price in London today being "a pence
rrr ounce or S0.733 our money. This snah'S 'he
silver dollar worth to-day as bullion % cents Since
,, Treasury went out OF the market as purchaser
NJ silver, June 81, the price has declined from
IN COCO 70 sD739 per ounce. Next Monday, July
. &, thc time for the next purchases to begin but 1t
,s b,ntcd at the Treasury Department that pnr'
cboscs may be delayed until July or :.
baltimore. June o5."The News to-day presents
tho results OF a tcesraphic canvass OF the leading
newspapers OF the South, showing That pnbhc seh''
mont in that section Is now overwhelmingly IN Evor
~ rho repeal of the sherman law. Up TO lew
months ago south had been considercd a., ire 1r.
S'r scron and the votes Of majority OF tue Con
were relied upon TO oppose the repeal oil the