The record-union., 1893-07-04
Equal Rnhtatn apnmner.

CHASING silver on given days is discretion
ary with the Secretary of the Treasury,
he is simply exercising his right.
The reason assigned in the notice sent
| to intending oferers is the Treasury De-
partment has not yet completed the an
nual settlements made at the end of each
fiscal year at the United States Mint.
Whether silver purchases will be re-
sumed Wednesday next is left open
and will not be determined until Wednes-
day comes, and circumstances will then
decide the matter.
The price paid for silver when the
Treasury completed its June purchases
was S0.S2 per ounce. Since then it has
declined to S0.62 per oudce, and is quoted
to-day at S0.73 S10per ounce.
THE SHERMAN LAW DOOMED.
WASHINGTON, July 3.-Ex-Speaker
Crisp arrived this morning, and had an
interview of twenty minutes with Car
Isle. Representative Bynum, after a
talk with Crisp, said he is satisfied the
House would consent to the uncOndi-
| tional repeal of the Sherman law.
FROM A sILvERITE's STANDPOINT.
CHICAGO, July 3.-The Silver Commit
tGC dDpO1liLGQ ny II6 4IduSIllSSISSlDDI
Congress held a meeting to-day to perfect
arrangements for programme on silver
day at the Worlds Fair, which had been
set for September 1lth. Ex-Governor
Prince of New Mexico, Chairman OF the
Committee. presided. It was decided to
have the speeches delivered so arranged
when published that the whole silver
proposition will be presented to the pub
lie together, with All answer to all OBJ
Jections to free coinage. Details of the
arrangements were left to asub-committee
composed of Governor Prince, 0. W.
Crawford and w. H. Harley.
Governor Prince said: 1.-THE silver
question is not at all understood in the
East. All kinds of erroneous impressions
exist, among them that silver has become
so plentiful as to cease to be precious
metal. Facts refute all statements in
tended to prejudice the minds Of people
against silver. There is about an equal
quantity of gold and silver in the world,
and of both only about 81 IS per capita.
The systematic attempt to strike down
one-half of this is bringing down prices
and Is the cause of our panics. Com
modlties have fallen with silver, and the
drop in silver by the action of India inn
mediately effected commodities. Again,
the people do not understand when silver
is quoted that it means the price in gold.
Silver has not fallen a cent as valued in
property. Reverse the position of the
two metals in the worlds money legisla-
tion by demonetizing gold, and it would
be to-day quoted at deprecated prices"
MONEY IN CIRCULATION.
WASHINGTON, July 3.-The monthly
circulation statement issued by the
Treasury Department to-day shows a net
decrease in circulation since June lst of
s., ,425, ,430, and since July l, 1892, Of $9.-
346, ,977, making the amount Of all kinds
Of money in circulation July l, 1893, ST.
1926, AL. The class Of money in circu-
lation is as follows: Gold coin, SOB, ,633,-
700; standard silver, sos, 100, ,Z63; gold GER
tificates, S92, ,970,019; silver certificates,
1926, ,4S9, ,l65; Treasury notes under the
Act of July IA, 1890, S14O,66I, ,694; United
States notes, S320, ,S75, ,6S3; currency certifi-
Gates, Act of June 5, 1872, SlI, ,935, 900; ma
tional bank notes, Sl47, ,73l, ,l39. The
amount of circulation per capita is placed
at S23 IS.
WILL FIGHT THE REPEAL OF THE LAW,
WASHINGTON, July 3.--Generai Warner
told reporter to-day that the story
printed in a New York paper to the effect
that there has been secret conference
between himself, Congressman Ellert,
Newlands of Nevada, Executive Com
mitteeman Johnson Of Nevada and
Colonel Lee Crandall, Secretary Of the
Silver League, was made out Of whole
cloth. The silver people, he
said, were determined to offer bitter OBJ
position to the unconditional repeal of
the Sherman law. They claim that to do
otherwise would be to surrender to the
gold power which brought about the de-
monetization of silver in this country,
and which wrought the Generalization of
the white metal in India. At the opening
of the extra session they will vigorously
resent any attempt to ward off the
adoption of fanti-tilibustering rules.
SILVER EXPLORATIONS.
New YORK, July 3.-Five hundred
thousand ounces of silver will be ex-
ported tomorrow.