The Dalles times-mountaineer. [volume] (The Dalles, Or.) 1882-1904, 1893-07-01

then, Grover is at the helm, and when
he gets through fishing he may devote
ome attention to the business and
financial interests of the country.
This is the year which is being cele-
hrated as the anniversary of the dis
covery of America by Columbus, and
the observance of the coming 4th OF
July will com hine both events-the
landing of the great navigator and the
signing of the Declaration of Inde-
pendence.
The acquittal of Mrs. Ursula Unfug
for the killing of Boyd will be no sur
prise to those who have read the testi-
mony brought out on the trial. She
/ is not a model woman, or one entitled
to any respect in the community; but
| Boyd proved himself much more de-
based than she was, and the act which
caused her to take his life will be
stain on his memory for all time.
The first of the cowboy racers ar
rived in Chicago yesterday. His name
is John Berry, and he rode under pro-
test from the other contestants. Hon
W. F Cody, Buffalo B,ll," says this
| advertisement of the endurance of the
American pony, will cause European
governments to turn their attention to-
ward this country for cavalry horses.
bo V,,t-aa - rapowpod for ht1Si-
ness, this wild thousand mile race may
be benefit to this nation of traders.
A Democratic exchange says "there
is marked improvement in the con-
dition of national finances which
speaks very favorably of Secretary
Carlisle's ability as financier." Well,
this is fattering, to say the least. He
has allowed the surplus in the treasury
to fall $6.000,000 below the limit, and
| because he did not permit the drain to
90 on until the last dollar was gone,
there is "marked improvement" in
national finances, on account of Car
lisle's "ability" Democratic states
manshIp is something unique; but we
are glad it is not generally followed.
The unveiling of the colossal statue
of w. E. Gladstone in the Midway
Plalsance on the exposition grounds at
Chicago is significant Of the esteem in
which the great premier is held IN this
continent. He has devoted the Lest
| Sc /, al, rE
his fellow man, and he receives more
respect on this side of the Atlantic
than if he wore a kingly crown. And
this is not because he Is an Englishman
and friend to Irish home rule; but
for the reason that he is in sym pathy
with the progress of the world towards
free institutions and the rule OF the
people.
The per-emptory removal of COL
lector Lotan yesterday by the author
tiles at Washington City is something
unprecedented. If he has been guilty.
of any misfeasance he should have an
opportunity to defend himself in the
courts. and not be ordered, within two
days of the time that he would have
given up the office.to deliver the books
to a subordinate, without any reason
being assigned for the action. But,
we presume, Mr. Cleveland and Mr..
Carlisle will keep their own counsel,
and expect the public to follow the
advice given the president by Gov.
Pennoyer.
The mints of India have stopped
coming silver, and in consequence the
price of that metal has declined. The
| effect has already been felt in the min
ing districts of the west, and sew
eral mines will close down. There is
too much silver in the market now,
and stopping the supply sent to India
has decreased the demand. What eff
feet this will have upon financial mat
ters in this country cannot be for
told; but great pressure is being
brought to bear upon the president to
call the session of congress earlier than
September. Some free-coinage men
imagine it will help forward their pet
schemes, while safe and sound fnan-
ciers only see in this decline of silver
forcible illustration of the fact that
the commercial world must transact
business on gold basis
The depression in silver has caused
crisis in the financial affairs of this
country that calls for immediate
action. Since the mints of India have
stopped coming rupees, and thus closed
that market to the metal, the price has
fallen considerably. This proves to
the most skeptical that silver, in the
commercial world, is regulated by sup
ply and demand, the same as any other
commodity. If the United States at
tempts bi. i.metallism it will simply
court financial ruin and bankruptcy,
and the sooner 1t adopts gold stand-
ard the quicker will the country as
sumo safe and solid position In its
business and commercial relations.
The monetary crisis threatens to he
general over the world, and it would
he the sheerest folly for any one ma
tion to withstand the overwhelming
tide.
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