Evening star. [volume] (Washington, D.C.) 1854-1972, 1893-06-27
FREE COINAGE TALK.


dispatches this morning would indicate that
the position taken by India must strengthen
the cause Of those who favor the repeal Of the
s; law; Last year the total produc-
OF this the United States purchased s., OO0,-
600 ounces; ,000. 900 were utilized in the arts,
and India purchased 46, 900, 900 ounces, thus
leaving a remainder Of 5000, 600 ounces for
the use Of the other countries of the world.
LONDON PRICE OF SILVER.
II India no longer requires her portion Of
the production Of the white metal the loss for
the demand of 46. 600 900 ounces must naturally
result in throwing this much silver on the
market. and as a consequence the price
OF that metal in London, from which
point India has heretofore drawn its supply.
must further decrease. In its purchases the
government Of the United States is guided to
certain degree by the price of silver in Lon
don, and if it falls off there the market
price must also decrease in this country.
In London today silver was quoted at IS
pence. which makes the silver dollar of the
United States worth only 58sx cents. The fear
of the officials Of the Treasury Department is
that when the public become generally
acquainted with the fact that the sill
YER dollar is really only worth about half that
price. a distrust will be created and that
silver coin will 60 begging. while the demand
for gold will increase. II this should occur it
is said that gold would 60 to a premium and
those who controlled it would begin to hoard it.
As . consequence Of such feeling it is be-
lieved that the cause Of free silver has suffered
q severe blow, and that the repeal Of the Sher-
man law is moro certain.
SECRETARY cARLIsLE's CONFERENCE.
An effort was made by a STAR reporter this
morning to obtain an expression Of opinion
from Secretary Carlisle, but he was unwilling
to make any statement whatsoever. and
declined absolutely to be interviewed.
1t was learned from semi-official
source. that the conference which was stated to
have occurred between Mr.. Carlisle and the
President Yesterday was not occasioned by the
news received from India. A previous engage
ment had been made between them for q
conference regarding some appointments.
The Secretary of the Treasury went to the
White House to consult with Mr.. Cleveland on
this matter, but found him just about to depart
for his country home at Noodley. 1t was there
fore decided that Mr.. Carlisle should &c
out there during the evening. Though
the silver que stion may have been incidentally
discussed, the main object OF Mr.. Carlislei
visit to the President was for the discussion Of
appointments to be made under the Treasury
| Department. There is little doubt, however
that this question was one Of the princirs
topics which received attention at the cabine
meeting this morning.
STANDARD vALUEsoF FOREIGN COINS.
| In this connection the report made ono
every quarter bv the director Of the mint an:
accepted by the Secretary Of the Treasury q
the standard value of foreign coins is interest
| ing. This quarterly statement was issued b.
the acting director OF the mint today, and sine
the last statement the changes in the values o
foreign coins we're noted to be as follows: