New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-07-01
TO STOP BUYING SILVER. ,,

]
OUT OF BUSINESS-rO POSTPONE THE 30
PAYMENT OF DEBTS.
| Denver. June 3O.-Dccldedly new and vigorous
| action was taken by the smeGer who met here
Yesterday afternoon. Late last night Ex-Governor @.
f.. Grant of the Omaha and Grant smelter, who was
chairman of Yesterdays meeting, gave out the follow
Ing for publication;
miners and smeers meeting yesterday afternoon, the
Missouri Valley, representing almost 30 per cent OF
the smelling business OF the United states, have de-
cidd TO cease purchasing silver and to go out OK
business They have approximately, but 100000
ounces OF silver In stock With this limited supply the
Government cannot purchase the amount made Cd
lIcatory by the Sherman bill during the next Two
months"
Governor Waite returned to the city last night and
announced that he is ready 10 call an extra session
Of the Legislature Immediately to consider the peal
of all attachment laws. the passage OF & IS aw
slspendng from one CT two years the co"ca"p u
all debts, the passage OF special redemption ia" ana
the prohibition Of gold clauses in all contracts Inc
Governor is cid man, and he WIS intensely excited
~ he declared he would take action at once II there
was a public demand, and might act without waiting
for II demand.
The railroads have issued a general order TO agents
forbidding the receipt Of shipments uness payment
OF freight Is secuted. Accurate informatios places
the silver briiion in the hand, of The Omaha ana
20 cents means 100000 to the II special
session is held the right of state to fix the ratio
OF gold 10 silver 4, Is Oca currency will be adyo-
Gated by some Of the fiery spirits and seven state
Senators hast night all favor an extra session
and "A suspension Of collections for one year. II Is
feared unemployed men will fock TO Denver, and
robberies and hold-upsv will be FIRE suent.
Spokane, Wash, June 30.-Mining in Occur D'Aene
is practically suspended. The Morning mine closed
dou on Wgdn and y
In the morning This leaves only the PoOrmsn and
the Tiger In operation among the big producers
In thi, section. Manager Clark Of the Poorman,
went 10 Butte yesterday. and conference there VIII
determine whether that mine will close down. 1t Is
not the prospect Of making money that keeps these
two properties in operation, but the fact that the
pumps must be KEEP going the mines Will MI
with water. All other Occur D'tlene mines are
operated by tunnels and close down without
serious trouble.
silver City. Idaho. June 30.-The sudden although
net unexpected. fall In silver has virtually ruined
the mining industry Of the State Orders have been
Issued during the past two days for closing down Tho
silver and lead mines OF North Idaho AMI Of Wood
River Thousands OF miner, will be thrown out 'o4
employment during the next week, and there will
be much distress. As the gold mines yield consider
able in silver, many that are classed gold mines
will be obliged to close down. Present In iications
are that business OF all kinds will remain at
stands:ill until Congress meets, and II the sherman
law Is repealed and nothing better enacted to take it,
place, the production OF silver In this State will
The closing OF the mines will affect farmers
and all who dependent upon home market.
Helena. Nor. June 20 Tho drop In the price Of
silver has had a most depressing effect The silver
mining Industry In this ate. six months ago two
OF the biggest silver mines in Montana closed whe1
silver went 10 50, and the drop to 80 yesterday with
out n prospect OF better times. had the effect Of
closing two more large producers. Fortunately Tor
the interests of the state, copper Is now largest
mining isfustry. and 80 long that remains where
II Is the thousands OF miners employed in that limo
Will not be- disturbed. call issued yesterday,
signed by twenty OF the most prominent men f., the
state. for a convention OF silver nine operators, 10
BE- held here on July q. To perfect Organization TO
take an active part In :he silver campaign.
Great Falls. Mon. June 3O-A dispatch from
Nehat. the chief mining town OF the Belt Mountain
Range, states That orders have been given for closing
Down the Moulion Gait and Nevada mines. 1t u
thought that u~,ess silver advances mines viii
operate at the end Of the week.