Arizona weekly citizen. [volume] (Tucson, Ariz) 1880-1901, 1893-07-01

in the western and southern states.
They intsnd making hot light for the |
white metal.
NGw YORK, June 27.-The cessation |
o; the free coinege of silver by the gov
ernment of India is fruitful source of |
conversation among tinanciers today. |
Business was resumed This morning |
with a general feeling of depression,
growing out of combination of unfa-
vofaOle circumstances. Fresh failures /
from different parts OF the country and |
the strngency OF moneJ were good |
foundations for the announcement for |
the stoppage of Indian silver.
A large bullion shipper had this to |
say: Il do not see how the action of |
the ladIau govern ment in closing the |
mlnts Will much diminish The demand /
Tor silver In India. India is creditor |
OF this country and | don't see how her |
balance OF trade Is to be sett ed save In |
the old way by ion orts of silver. ff |
the mInts are closed to private persons,
then the government will have to I'M |
port silver for coinage purposes 10 place |
OF private parties. The government |
will Oe compe led to do a. Indian banks |
now do; that is, buy silver in London |
do not see that the silver market will
be greatly affected"
A prominent banker, who is also one
of the heaviest silver bullion dealers in
Wall street, said to reporter when the
announcement came that 1T is a crush
ing blow to silver. The effect will be
para yzlng upon the whole silver mar
ket, and L think a settlement OF the
whole silver question IN this country is
now at hand. MINIS nave been opaned
! for free coinage and euch immense
quantities of silver have been presented
| by private parties and the circulation of
silver has become so great, the price OF
| the Indian rupee has been declining
steadily for months, and this has
brought about a suspension of free sill
YER"
As ooe bank president pat it, "Al-
though the boil has burst, the sore
place will not thoroughly heal until
after the Sherman silver law has been
repealed"
New YORK, June 27.-The situation
IN Wall street is further complicated
BY the latest developments in silver.
This started renewed Liquidation
yesterday aud rlvalled the attention on
the attitude of the incoming congress
regarding the Sherman silver purchase
law. The great majority of Wall street
people an anti-silvertes. Their interest
lies in the repeal Of the law. They
argue the compulsory purchase of silver
monthly must be abolished before there
can be any lasting imp rovement. Mean
tins speculation at the stock exchange
is at very low ebb, tn variations in
prices from day to day, save perhaps for
the closing out of accounts of some
belated bull. simply reflects the
| opinions Of the professional element
| that conservative houses are do
lrg everything In their power to
| lint trading fer the reason that leading
firms DO net care TO charge clients more
| than legal tate OF interest on trans
actions, nor do they care TO pay the
| difference between 6 per cent and 35O
| 40, which were rates yesterday after
| viewing the situation.
Wall street ls content to 60 slow until
| congress shows the way in the silver
matter and the money market re turns to
something ike normal conditions.
PORTLAND, Or, June 27.-The Union
Pacific fast mail train was wrecked
| about six niles from this city
One passenger, @. G. Chase. was killed
and two others injured. When coming
| out Of cut and rounding a curve at a
| high rate OF speed the train coll ded
with COW. The entire train, with he |
| exception of the rear sleepe., was
throw from the track
The cars were piled up and thrown ia |
such a manner that to have ESCAPED |
with the los of ouly one life seems |
| miraculous. The dead man Was identi- |
fiei by letters found on him. He |
boarded the trsin st Pendleton. Thu |
erg nesr and fireman were thrown |
through the cab window and alighted |
on the locomotive unhurt.
NEw YORK, June 26.-An extra edl- |
ton of the Evening World contains a |
special csble from Tripoli, syria, giving
full details OF the sinking of the flag |
ship Victoria.
About three o'clock last Thursday |
afternoon an English feet was sighted
making its way directly for the hsrbor
of TripOli. Five Dig iron-clads, Victoria.
Caperdown, Eiinburg, Nile and Sans
paTiel, were drawn up in full front. Vic
toria in the cent-r, Caperdown on the
left and Ediuburg on the right.
When within five miles OF the shore
Vice Admiral Sir George Tyron sig
nailed TO turn and form in double line. |
When the order was given tae distance
between the two ships vas less that two
cable lengths, and the execution of the
order was extremely difficult for tue
Victoria and Camperdown. Admiral
Markham, OF the CamDerdowp, sig
nailed that be did not understand t.
The Victoria yearly turned, and the .
Campe: down, swinging arCunc, bore
down upon her. The ram of the Camp
erdown was just in front OF the armored I
bulkhead aud plunged into the thin
plates OF her starboard side
A bout ten minutes after the blow.
the V Gloria, having gotten som resfer
shore, all at OBce she leaned way over
to s'arboa-d and with a goat r5lI and
plunge buried her bow beneath the ,
calm surface of the sea. The huge
hull was drawing in water as il went
down and several hundred men, who
were hurled suddenly into the Wa; err.
fully dressed, had to battle against the {,
iDcI eaeed suction. \ moment more
and peril more horrible -scended no
them. Az the We, sci sank the screws
cam nearer and near to the water anO .
1ecarded into the midst of the strug-
Cling human beings. The poor cTaet-
lures were battling In van against
suction. They were drawn down and | j
thrown against the swift blades
Screams and shrieks arose, ard in the
white foam appeared the reddening
arms and legs and torn bodies
Boats soon picked up the fortunate
'nes Who got out of reach Il the terri
Die vortex.
Fresno. June 2S.-JOhn Sontag is
-arV low Tt iS not thought no oaD Iive :