St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-07-01
CHATS WITH TRAVELLERS.

Col. S. q. Magill, a weIl-knewn busi--
ness man of Fargo. n. d.. at the Mer-
chants yesterday, said the burned city
is rising, ph9nx-like. from her recent
devastation by fire, and that in five
years tho catastrophe is likely TO be
looked upon as blessing in disguise.
Among the rebuilding contracted for
and under way are the opera house.
containing seven stores, Hagaman's
two blocks, the Citizens and Red
River banks; and a number of
large warehouses are planned and
ready for contracts. Col. Ma
gill continued: IF the monetary
conditions of the country were more
favorable the rebuilding would 90 on
with great rapidity. AS 1t is, the greater
part Of the loss was in the business pur-
ton and the loss fell in large proper
ton on men and companies of means,
so that they get enough money out Of
the insurance to enable them to rebuilfi;z
ami that work will be carried on to exE
eel the original structures in arctiis
lecture, cOnvemences and value. Work.
lngmen who lost their homes and all
their effects were the worst sufferers.
but they are getting work now in Fargo
and Will soon be out OF distress. The
crops west OF Fargo are not as DrOmiS-
ing rs they were. The hot weather has
hurt them" -
tie
Among the well-poSted men who ar
rived from New York yesterday and put
up at. the Ryan is William FerdOn. of
Ferdon & Biddle, extensive cattle OWL
ers, who use the Powder River, Mon
tana, ranges. Mr., Ferdon was glad to
hear OF the early assembling of con-
gress, for. he saids "it will give an
early opportunity for "a full and free
discussion of the silver question, which
the Eastern men feel Should be disposed
of. as they think the Sherman law
has had much to do with the enormous
shrlnkageof values all over the country.
As 10 the tariff, that will probably not be
considered at the early session. although
had the assembling been DELAYED until
September both questions might ue.
looked for. The manufacturers would
undoubtedly like to have the tariff views
presented as soon as possible. | hear
good reports from our Montana cattle
friends, and 1t does seem that the cattle
business is the only one which has not
suffered severely during this period OF
depression"
DR.. Frederick NJ. Endllch, of Los
Angeles, Cal, is in the city, and called
upon Supervising Inspector OF Steam
Vessels John ID. Sloane yesterday. He
is manager of the Southern California
Smelling and Refining company, and
has been engaged in silver mining for a
couple of decades. DR.. Endlich is well
posted on the silver subject, especially
from the producers standpoint. He
says that it is Imperative that judcious
silver legislation be had promptly, and
believes that, in case the question is not
speedily eliminated from politics, party
lines will be drawn'on the issue in the
next presidential campaign. He de-
clareS himself as earnestly in favor of
the repeal of the Sherman coinage act,
and IN favor Of the free coinage of the
silver produced in United States mines.
He says that the present coinage law
requires the purchase of So, 900, 900 OF
silver annually, but there is no reStric-
ton as to the purchase of foreign silver.
The amount of silver produced from the
mines in this country is about as much
as Is coined at present. If there is taken
into consideration the few millions of
silver used in the arts and the remain
ing production of the mines i'll this
country is coined into silver under
judiciOuS act he believes that the money
system of the country will be improved,
ard by putting more silver i'll the dollar
the price of bullion will be enhanced so
that it will be profitable to operate the
silver mines. He stated that the silver
mines of this country were operated at
a profit in 1885 when silver was worth
Sl.29 an ounce. That he considers the
normal value of the bullion, and that
price would be reached under the act
providing for the free coinage of the
product of the mines in the United
States.
Dir. Endlich spoke of the importance
OF bringing about a combination with
the reproducing countries of the
United States, Mexico and the Central
American states of Chilli, Peru and
BOLIVIA. If those countries Will COM
Dlne he believes they can regulate the
price OF silver as we'll as the output,and
control the silver policy of the world
and prevent the oriental countries from
forcing the gold basis on the western
hemisphere.
Speaking of the Mexican scheme,
which is to have combination of the
countries named and to issue S50J,OO0,-
OOO or gold bonds and sell them in Eu-
rope, Or. Endlich declared he believes
Sucn plan would put this country and
the proposed allies i'll a position To COLI
trOle the currency of the world aud to
dictate the money standards. Ii gold
bonds to that amount were issued, run
ming twenty years and bearing
per cent interest, he has no doubt they
would find ready sale and would re-
suit In bringing the gold OF the world
TO this country and put a stop TO the eff
forts OF Europe to force the gold stand
ard.
~
J. D. Maloney, recently proprietor of
the Tihbett house, Preston. Mimi, is at
the Clifton visiting his friend, Sherman
Schofield. the we'll known travelling
man for w. p. Rugg & Co.
~
NJ. B. Hutchins, formerly with the
Wisconsin Central at Chicago, arrived
yesterday and was busy looking after
affairs among his friends, the railroad
ticket agents.
TIN THE PLAYHOUSES.
Jacob Lifts players VIII be seen for the
last time in The Planters Wife" this after
noon and tonight. AS novelty at the matt
nee the management of the Grand announce
that all who attend will be served. with