The Coeur d'Alene press. (Coeur d'Alene, Idaho) 1892-1907, 1898-06-04
SILVER ALMOST EXHAUSTED
RUN UPON BANK OF SPAIN.

ins OnIy Twenty Millions ON Hmna
Wsth Which 10 Meet Two Hundred
and sixty niiIiens Of Oststasains
Astss-Dewe,'s Oaseer. Are RE-
waFdea.
New York, June IA dispatch 10 the
World from Madrid says:
spain j. fast drifting to forced paper
currency. The run upon the Bank OF
spain has assumed such proportions that
people form In long lines houres before the
offices open in Madrid and the provincial
branches The bank gives small notes in
exchange for 1000 or $40 peseta notes,
only exchanging for silver pesetas or dol.
lars the %, SO OF 100 peseta notes.
The government has yainly tried TO stop
the run by prohibiting the export Of sill
yer, promising 10 coin millions Of pesetas
daily, which IL can not do until il in.
eFeases the machinery OF the mint.
Every retail store. market and tobacco
stall releets the notes, and the money
changers charge per cent discount.
The Bank Of spain has s3O.O0OO 1000 In
silver 10 meet the 500 600 900 in notes in
circulation. Tax collections were much
slower this spring than heretofore, and
the new taxes are expected 10 produce 10
little that the government has decided to
raise money BY negotiating a foreign loan
in France. pledgiBg the principal monop.
olies; the ministers Of war, Of marine and
Of the colonies having declared that IL is
absolutely necessary 10 have s2T yO00.OOO
monthly.
Castillo BeGs BsierveatI6n.
London. june 2 -- The Madrid GORE
sPondent Of the Morning Post says:
SSnor Leon y Castillo. the Spanish am.
bassador 10 France, al his conference with
the queen regent and Senior Sagasta, was
officially charged 10 ask the powers 10 la.
isttene 10 obtain peace on such terms as
would protect the amour proPTr Of spain
The ambassador will urge such inteTyen.
tion. Political and diplomatic circles in
Madrid believe that Castillo will succeed.
Dewey's OSa~eEs Rewarded.
Washington, Jane 2.-1he president 10
dag sens these nominations to the senates
Navy FoT advancement Tor nlesitofionS
conduit in hattie: Captain Frank Nsldes,
10 be advanced five numb@rs; Captain
Charles v. Gridley, 10 be advanced Nix
numbers: Captain Joseph r. Coghlan. 10
be advanced siN numbers; Captain Nehe-
miah n. Dyer, 10 b. advanced seven mum.
bersi Captain benjamin r. l4ambeston. 10
br advanced Srren nunbers: Commander
Asa Walker. Ia be- advanced nine mum.
hefs Commander Edward 2. Wood. TO BE-
advanced Zen numhrrS.
Land Attack Necessary.
New York, June "A special TO the
Tribune from Washington says.
Commodore Schley's reconnaissance al
Santiago hay. ~ far a. it, result i known
10 the authorities here. confirms the inn.
preston al General Miles and other mill.
iaTy oiiieiais last week that from the mo
nenl Ceuvera's squadron entered Santiago
the cooperating al land and naval forces
would h. nec--Sary in the conduct 81 a
leVesstul campaign against him unless he
undertook 10 fuiur his way out OF the trap
before he was surrounded and over,
Whelmed.
II is true that Commodore Schleys ex.
change II shots with the shore latteric.
has demonstrated that they were weak
anair at best. but Il l. not expected he
will undertake 10 scBd his ships mp the
narrow, toTtuoas channel in single die in
order 10 destroy the Spanish cruisers,
when the result may he readily accom.
plirhed with infinitely les hazard. Hav-
ing satisfied himself of the impotency ai
the land forts. Il l. considered probable
that he will now blockade the channel by
sinking one or more worthless hulks at
the enirancr.
That SChlcy did not follow up the tire.
mendous advantage he gained in the utter |
decentralization Of the Spanish land forces
Is taken A. an indication that he had this |
object ultimately in view. for the naval
authorities had informed him that vessels |
TO be u~Cd a. distractions were already |
on the way 10 join him and should arrive |
in day or two at the latest.
schIey's orders.
New York, juno A dispatch 10 the !
World from Washington says,
Ever since the administration got news
that CervcTa was well bottled and well |
corked up at Santiago, large land and
sea expedition 10 destroy or capture his |
fleet and occupy santiago has been plan.
ming. Schley viii have sufficiently pow.
ertnl squadron TO prevent CcrveTa from
escaping and from letting provisions in TO |
him, Il being known at Washington that |
coal and provisions were on the way TO |
him there
Schley's orders were substantially theses |
Not 60 try 20 take Santiago or TO reduce |
the fortified tons. not TO engage Cervera
II he should try 10 escape until he was
clear Of assistance Of the guns Of the fort.
not TO let him escape OF let supplies or
achievements get in TO him; not to let |
Spaniards make any repairs or additions |
10 the forts ut the mouth Of the har'bor.
Ever since the iiasco az SAN Juan, Of |
which the last has not yet. been heard. By |
the way, the administration has becn most |
anxious that there shall be no more half. |
back bombardments. 10 be hetaldel as N.
pulses and Spanish victories Indeed. 10
anxious. was the administration that it
gave Schlcy feet only strong enough 20 |
control Cervera. and not strong enough 10 |
tempt him. no matter how provoking the |
circumstances, into trying TO initiate
Dewey,
stories OF the FiEht.
Port Antonio, Jamaica. June delayed |
in tansmission). - The Associated Press
steamer Dandy, which arrived here to-
night, reports that the fleet Of Commodore
Schley yesterday afternoon attacked the |