The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-06-29
SGVER'S FUTURE AS MONEY.
THE SIrU.fTIoN As 1T APPEARS
I1RO1D AND IN THIS COUNTRY

bombay Ncwtpnpers Approve '"o "Ss'o'
OF tho Indtan Government-ConTress n
& ui.nd says silver Is Not Knocked out
Here, but that Hard Work Must Over
so,,e the Con-pt -ins Dnnkers--Miurs shut
a,,rI,Kr. Utah. June 2s.-The fall ia silver
causes dlsmay TO the mine owners in this
roeion. Yesterday the Daly-West mino mt
Park City was ordered closed down. rho
4. diamond mine ut Eureka. New. and the old
Jnrlop mad Golona Mt Bingham. Utah. were
also ordered closed. The owners OF mines as
follows say that they will DO closed In few
days:
Yosemite and Sampson. at bingham Bullion
and Drpck Mt Tinti Caroline. at Eureka;
Crescent and Anchor, At Park City.
DuTry. Mont. Juno 2& Tho drop OF silver to
~ conts has caused CONSERVATION In this city
among tho mine owners and lniners. inc
principal silver producers are Alice. Moulton.
Lexington, and Gagnon. and the managers OF
ench, on heing interviewed, say that unless
fhcre Ia nm immediate change for the better
work will To suspended.
81. LOUIS juno oS. - Congressman h L.
Bland the silver advocate is here. Review
j ing the silver situation rs affected by the
action Of the Indian Government he said:
Heroic measures will bc required on the
part Of this Government Tor the redemption OF
silver. Most emphatically do not think It rs Is
contrary. / think TINT IL Congress does not
ADOPT some measur" looking to 2 t bm"d'a Ids
the coming issue in this country: This lattle
will disrnpt political parties and cause con.
test he.wecp the camlnercial centres anu tho
The decentralization Of silver ia con:
assd any tns Eastern !%s PORTION q" III" United
States, and tho suspension OF silvor c"inag.in
india % 81. M atss 10 the
otibe single gold standard. l do not believe
B,LTtMoHH. Juno 2s-The Ne,rs to-day ire:
ssnis the results of u tclegraphic canvass OF
the leading newspapers Of the south. showing
Sherman law Ono MississiEr editor thinks I'M,
every other editor addressed declares that the
sentiment is decidedly III favor OF repeating
CnIoaao. June 2S-Tho Board o. Trade. at
special meeting Of the board OF directors yes,
sent to President Cleveland:
" 3: q: ''t'''''A f''''"' "' ''"'' " ""'"''"
The Board o. Trade believes that the bust;
sissrs consider tic alyisaSili'y Of calling an
DealinG the sherman Silver LnT n u.,,,n
BoMnAr. Juno 2s-!The newspapers here
generally approve of the action taken or the
siiver question, but EXPRESS tho hope that III; tho
IL is said that tho banks intend to raise q
legal question MS to whether II tele.srnphic IN
timation 81 a change in the law Is sufficient TO
tqslnE tfe silver that was rendered to them on
Monday last.
LONDON. June 2S-Mr. Gladstone Gave fur
ther replY in the House Of Commons today to
Hon. George j. Goschen. formerly CHANCELLOR
Of the Exchequer. as to the power of the Indian
Government to coin rupees as INC need arose
Mr.. Gladstone said that doubtless the Indian
mints would, not be restricted to exch9nCtng
10. u. 81. ~. 81 a. IS. and IS Of the Indian
Coinage act Of 1870. but the power of that
governments pu1chase silver and coin rupees
nsWT , act; June 2s-secretarv carlisle.s
mail this morning was loaded down with let;
oss enns s"set tic to
Congress Mt once in EXTRA session to consider
financial legislation. The pressure is great.
but there is semi-efllcial authority for the
aosa will not 10 eonvoked
According to Treasury advices silver COM
tinuos to decline. tho price IN Lyndon to-day
being "a pence per ounce. or 80. 1.}9 our money.
This makes the silver dollar worth today as
Of the market as purchaser OF silver. June
n. the price has declined from SlS22 to
50. $50 per ounce. Next Monday. uly 3, is tho
time for the nsxt purchases to tegin. but 1t Is
ehases may BIO delayed until July q orr.
There was continued weakness and de-
preston in silver mining shares on the Con-
terday: Values were lower in most cases by
10 to 20 per cont. and Horn silver mining
shares were smashed down to 81. u decline OF
$1.25 n share in two days.