The Helena independent., 1893-07-01

newed all lonns to-day at 1y until Wednes-
day next. This relieved the 8trinGency to q
yrcat extent. Tho loan committee Of tho
oleaflng house have issnsd $fO 100000 more
CERTIFICATES to-day. Memher OF ths COM
mittee says the banks will protect the
MONEY market aaainat any extreme atrin-
R0ucy. and, II necessary. loan certilicateB
Will be taken ont to any extent.
The stock exchange houses 1se indignant
over the methods employed by certain besrs
employed by the bear operators bid fancy
rates for funds and after obtaining the
funds have not used them. In other words
they secured the call on u lot of money,
laying IL up. keeping these actually in need
or funds from using them'and whom they
have brought about decentralization In
tho stock market, which Ia their main OBJ.
ject tho Lenders nrc notified the money will
not bc required and n small difference 10
paid. This has been carried 80 far that the
governing committee OF the stock exchange
has been requested to and will Investigate
the fitms engaged In this manipulation.
Feeling runs high aaainst the parties on
gagged in this fictitious borrowing.
he situation il reported to be much
easier In consequence Of ths prompt stops
taken by tho banks to avert money panic
and on every hand nothing but i5aise is
heard for tho presidents of thoss banks.
The bnnks which took the certificates freely
lent the money thus made available with
out decreasing the cash in their vaults.
This is shown by the debtor balances at tho
clearing house this morning. which OF
course was paid in loan certificates, which
had to be taken by the banks giving credit
balances. 1t is said there is not much
commercial paper Offering and it is argued
from that fact that merchants are in fairly
good shape. Bank officers reported the de-
mands from ths country much lighter in
amount. but the applications were very
generally distributed. 1t 10 noticed that
only very shoi t time paper is being received
and that is believed to indicate that the
strain ls about over. The feeling of con
from London. whore all American securi-
ties are higher.
Harrison's View Of tho Extra Session.
New YORK. June 30.-Ex. President Har-
tonight and asked for his opinion on Pres
ident Cleveland's call for an August session
Of congress. said: II am not prepared TO
soy whether think the August session Of
congress will restore confidence which ia
said to be demoralized. There may be SO.
rious obstruotions. cannot tell what may
be the extent of Cleveland's knowledge on
the subject, but I know they would not
have repealed the Sherman law for me.
think perhaps altogether too much of the
complained of strinRencv is loaded upon
the Sherman law. There are great many
other causes which contributed to the pres-
ent state of affairs"
The Rimetallic League Meets in July,
NEW YoRK, June 3O.-Gsneral A. j. War
- ~ AL
came up from Washington to-day and held
a conference with Senator Jno. p. Jones,
of Nevada. on the monetary outlook, The
announcement that congress will te7in an
extra session August makes II net ,sary
for the bimstallists to come together, and
after long discussion it was decided to
call q convention of the Bimetallic league
some time prior to August Z. 1t will prob
ably be about the middle of July. No place
both Chicago and st. Louis are mentioned.
Colorado Not so Bad or As That
DENVER. June 3O.-Ex-S Senator Tabor,
Thomas NJ. Patterson and a number of
business men to-day urged GOV. Waite to
call q special session of tho Legislature for
the purpose of passing an act staying pro-
ceedings for the collection Of debts. The
less he can ascertain how business men
throuRhout the state regarded it. The
chamber of commerce here are opposed to
the plan, saying it is unnecessary and that
Colorado is in as good financial condition
as any other state in the union.
Tho Latin Union May Dissolve.
BERLIN, June :O-The best German
authorities on the silver question think the
Latin union will be dissolved by reason of
the silver situation.
Europe Is Taking Some Silver.
New YoRK, June 3O.-Ths steamship
Paris, sailing for Europe tomorrow. will
carry 10000 ounces of silver.
LeAdville Mines Quit.
LEADvILLE. Col, June 30.-A number OF
mines shut down to-day. The streets are
filling mp with idle men.
A Shut Down in Australia.