Arizona weekly citizen. [volume] (Tucson, Ariz) 1880-1901, 1896-01-18


Crespo to keep back Venezuelan troops
Should they advance it would precipi
tate q conflict at once. That would
render our Venezuelan commission use
less. We would be compelled TO back
up Vene zuela, and we would be plunged
into war at once"
WASHINGTON, Jan. 9-The navy de
partment took steps today to learn how
speedily all monitors now upder con-
struction can be equipped for service in
case OF emergency. Various bureau
chiefs were consulted and reports made
as the length of time each braLch of the
work required. From this il appears
the low free board monitor Monadnock
now at Mare island will be ready by
February /.
The Miantomanach, q double turreted
monitor, now o1t of commission al
League island can be ready for service
in IA days. The testing Of her pneu-
matte steering apparatus is about only
| feature requiring time
The low free board monitor, Yerro
now at New York will require Go days
| to be made ready service.
These three crafts will make a power
full acquisition to the available navel
vessels. They are fully equipped with
srmor, and few dsys is required for
making them ready for sea to be stent
on minor finishing touches. 1t is ex-
pected also the ram Kstahdln will be
ready for service at an early day.
WASHINGTON, Jan. Ex-senator VOL
colt OF Colorado, who recently returned
from Europe, gave his views today on
| the silver question He said:
An international committee Of Euro
pean bimetalllc leagues, including Mr..
Allard, the Belgian delegate to the
| Brussels conference, and the leading BIZ
| metallists from England, Austria, Ger
many and France, held an important
| conference recently in Paris. We have
| little idea in this country Of the unself-
sh and important effects throughout
| England and the continent in favor of
the recognition of silver. There is hard
ly an intelligent land owner in Europe
who is not a bimetaliist. There were
two important results Of the meeting: A
plan for an identic8l resolution of the
Importance of international legislation
| to be introduced in the English parlia-
ment, the French assembly and German
| reichstag was agreed upon; another i'm
portant result was the establishment of
cordial and closer relations between BIZ
| metallist associations of the different
countries in Europe, notably France and
Germany. The reception accorded the
| committee by the president of the
French repu bile, which from q foreign
point of view, was important and signif-
can't.
The statesmen of France and the
manager of the Bank of France are
biuetalllsts, and public opinion fayors
bimetallists. The Paris papers, how
ever, with one or two exceptions, con-
trolled by private monied interests, are
gold monometallists. While bimetallists
| abroad are actively at work, it must
| nevertheless be admitted that the pros
pect of any action is not favorable. In
Germany, where there has been much
hope, the banking element aroused by
| the possibility of action by the reich
stag, is expendiDg much effort in favor
Of the single gold standard, and its in
fluenoe is naturally widely felt. Who
ever invites this country to await Eu-
ropean agreement before opening up
our mints to silver, offers no hope of
definite relief.
NEW YORK, Jan. cit is learned from
| a number Of prominent banks in this
CITY they have been requested often in
the past few days to open gold accounts
| These requests come from customers,
| including come banks in the interior
The banks, however, invariably respond
| In the negative to such requests, citing
| the fact that they will not be JUSTIFIED
by the clearing house in opening gold
| accounts.
The results have been that banks
with large vanlt room have received a
good deal of gold in the last few days
| which they are now merely holding as
safe deposit agents for the account of
country banks. Sone of this gold came
| from points as far west as Chicago and
bankers say il the amounts so held
could be announced it would be genu-
inc surprise to the street. Most of this
is gold that has not been in the treasury
vsults for many months.
WASHINGTON, Jan. 9-The treasury
today lost $4,000 gold bare, leaving
the true amount of the reserve S57. S62,-
204. Nothing is known at the treasury
department., as far as can be learned, of
any concerted movement by banks to
protect the reserve by making gold de-
2osits, and up to the hour of closing,
the statement published yesterday that
Zimmerman and Forshay, bullion deal
Of New York, had deposited $500, 600
had not been verified by Assistant
Treasurer Jordan. Ia fact the OILY Con
siderable deposit during the last several
weeks was made yesterday by the Mer-
camille National bank which exchanged
$500, 900 gold for currency.
The situation shows no sign OF i'm
provement and no surprise will be felt
here il heavy shipments Ut gold should
be made by each of the fast going Euro
pean steamers for sometime. Arrange
ments are being perfected at the treas
NY for the printing of the new bonds
and a number Of applications for blanks
to be used for making bids are being re-
ceived by each mail. No formal bid has
yet been received.
The treasury deficit for the present
fiscal year to date, reached $40, O39. 439
LONDON, Jan. 10-The movement in
favor OF arbitration of the Venezuelan
question with the States is growing day
by day, The Westminster Gazette after
having interviewed statesmen of all
parties, bankers and other says, this
afternoon, that everywhere there were
expressions In favor OF he
proposal to establish permanent court
OF arbitration.
LONDON, Jan. 10--The most important
development in the South African
speculation today is the fact that in
spite of all danials it is now believed in
many quarters that there is some truth !
in the rumor that Great Britain has
purchased Delagos Bay from Portugal. /
1t may turn out to be the excuse for the /
assembling of such a powerful British |
fleet as the one which will be anchored |
off Portland Tuesday next. As it is J
the government of Trausvaal |
has demanded among other things, that |
Great Britain forego her right to obtain |
possession of Delagoa bay and as Ger
many may look upon this IS move
which will seriously threaten the future |