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TODAY'S FORECAST. FOR DISTRICT OP SOUTH BKN CALIFORNIA: FAIR WEATHER; ALIOHT CHANOES IN TEMPERA TURE; WESTERLY WINDS. VOL. XL. NO. 93. XX7& LEAD in Style, Quality and Price. V V nmni HtWWWet '» OUR CLOTHING is All of the Finest Makes, i » awi — ■"" ""» * ARE Prepared to Meet All Competition. QUR Summer Stock at Greatly Reduced Prices. Mullen, Bluett & Co. Corner Spring and First Streets. GRYSTAUPALfIGE, 138, 140, 142 S. Main St. WE HAVE MADE FURTHER LARGE REDUCTIONS On our entire stock, and will kaep up our Immense Clearing Sale For some weeks yet, to close out our RETAIL DEPARTMENT Wn-aiiHrrawrnananan MEYBERG BROS. BRASS AND Mj BEDSTEADS. Our Metal Bedsteads Are the Best. They Are Light, Airy, Cheerful and Ornamental. Sanitarily They Are Perfection, and Positively Do Not Tarnish. We Have All Grades and Patterns to Suit the Purses and Tastes of All Buyers. FINE BEDDING to Match the Bedsteads in Every Variety—Our Own Mate. LOS MM FURNITURE GOMPASY, 225-227-229 South Broadway, Opp. City Hall. HELD IN MECHANICS' PAVILION, SAN FRANCISCO, ENDING FEB. IS, 1893. GRAND SILVER MEDAL Xl^A^^, CJTT "T7"I7"D A T FOR MOST ARTISTIC SPECIMENS OF MHCBL OJLJL/ V JLL/JLV iVlJtl/jLlxi.jL/ luntous Photography. CTT ITT?*D rV/rX?T*a A T for most aih istic specimens illustrat- Oi-J-i V JZsXV 111 Fjl Jrt I j lug tho Platinotypu, Aiiato aud other processes. SILVER MEDAL ~ O3T ABT, * rlc of "Four Medals Out of a PQssible Four." 220 SOUTH SPRING STREET. ITX^tlXl I THEfIOLLENBEGK M Best Appointed Hotel in Los Angeles. •llS "T '' American andEnropeau Plans. |»f mt, Jsf 8 •[ V W lifmiM Central Location. Ill: S'ttji ••'„> ,t First-class Service. Reasonable Bates. J V Finest Cafe in tbe City lv Connection : : : ' A.. C. BILICKE & CO., " 7 4m Proprietors WILLIAMSON'SWSIC STORE. henry f. miller t—. i a IS. I f~\ O mathu-hek, BEHR BBOTHER9, V—* I/\ |\l (J * BRAUMtILLBR, B. SHdNINGER, 1 ' SMITH* BARNES NEWMAN BROS., /—\ CD A M Q NEEDHAM Air Circulating Reed CelU. v — ' ~SJ g SUver Tongued. A FULL LINE OF MUSIC AND MUSICAL INSTRUMENTS. SEWING MACHINES _ Btandard, Rotary Shuttle, White and Other Long Shuttle Machines, Supplies, Etc. 327 ROTJTM BPgINQ SVTKBBTV 4-13 W KINGSLEY & BARNES, ART PRINTERS COPFER-PLATE PRINTING, WfIDDISO INVITATIONS, ETC. VISITING CARDS, ETC. ill New High Street, Fnlton Block, Meat Fianxliu street, ground floor. Tel. 417. 3-25 lyr The Herald SOUTHERN CALIFORNIA FURNITURE GO. T. BILLINGTON, Proprietor, 326, 328, 330 S. Main St., LOS ANGELES, CAL, LOS ANGELES: THURSDAY MORNING, JULY 13, 1893. THE SITUATION IMPROVED. Bankers' Views of Financial Conditions. An Easier Feeling in Moue •tary Circles. The East Unmindful of the Silver Men's Threats. Consternation Created In BpanUh Amer ica by the Depreciation or the White Metal—A Big Flurry In Stocks. By the ArarcUtad Preii. Nkw York, July 12.—Notwithstand ing the flurry in the stock market to day, bank presidents and others occupy ing positions familiarizing them with current conditions, are unanimously agreed that the general situation has improved and continues to do so. There was nothing in the financial situation of the country to produce such an unset tling. Two or three oases are reported today of conntry banks, mostly in Penn slyvania, coming into this market as buyers of commercial paper in a small way, tempted thereto by high rates and the fact that they had money to their credit with their New York agents. The amounts of the purchases in the aggregate is not large, but it is believed to indicate an easier monetary con dition in certain sections of the country. CONDITION OF PHILADELPHIA BANKS. The condition of the banks in Phila delphia was reported practically un changed, and New York exchange is only obtainable in that city at a high premium, averaging about $2 50 per $1000. Some Philadelphia banks have reduced their indebtedness to corres pondents in this city, but the balances are still large. The New York banks, however, are treating them leniently. SILVER AGITATION IN TUB WKST. Regarding the silver question in the west, the president of a prominent down town bank received the following letter today from the head of a leading mer cantile house in Denver, which has deal ingt throughout the silver states : "In regard to silver mining in this state we candidly believe the present situation very much exaggerated, and as soon as there is any prospect of ob taining any price for silver a great many of our miaeß will be operated ou as laics a scale as formerly. This we say in the supposition that the .present price of sil ver, Bay 75 cents per ounce, is a reason able price, as silver costs very oeaily this figure to produce. If the prloe of Bilvsr should decline materially below 75 cents per onnce, there undoubtedly would be a curtailment in the produc tion in this state, but we believe as a rule merchants will be able to pay their accounts in fail, and loss to jobbers at any point in this state ought to average a very low percentage. The talk and threats indulged in by a few rabid silver its is, in our opinion, taken too seriously in the east, as the parties who do most of this talking have no credit or stand ing at home." CONSTERNATION IN SPANISn AMBRICA. Mail from Panama, under date of July sth says: The tumble in silver has cre ated general consternation among busi ness men who trade in countries which ai c exclusively silver-using communities. The extent to which the credit system prevails throughout Spanish-America is unknown in the north, and the debtor who sees his resourcos diminished by half through the sudden depreciation of tbe money he uses, is inevitably forced to the wall, THE FLURRY IN STOCKS. Bears H>t< Their Inniug« in Wall Street. Feverish Speculation. New York, July 12.—Stocks opened this morning with enormous business and weak, with losses of & to 2 per cent. Chicago, Milwaukee and St. Paul and sugar were the weakest. Ex citement ran high. The street was flooded with unfavorable rumors. Tbe downward movement continued after the opening. Cotton oil declined 2% to 28; preferred, 6 l i to 60; General Electric, to 58>2 ; sugar, 2% to 76; preferred, 2to 78; lead, preferred, 4to 63; Union Pacific, 2}« to 29%; St. Paul, 7% to 58>£. Rumors were again put afloat regard ing tbe financial standing of a leading eapitaliet, and a prominent Broadway trust company was said to have sold a block of securities, chiefly Vnnderbilt stocks and General Electric. Other un favorable reports were started but could be traced to no anthentic source. When it Was found that the rumors could not be verified a more hopeful feeling devel oped, and a sbarp rally ensued. North western jumped to par. General Electric to 62, St. Paul to 59%, sugar to 78%. At 11 o'clock the market was quiet and steadier. After 11 o'clock stocks weakened again, declining K. @ 2 per cent. Sugar and Ucneral Electric were prominent in the declines. Near midday tbe pressure let up some and the market became steadier. At noon*the market was fev erish. Money on call was stringent at 10 " 20 per cent. One of the chief Items contributing to the excitement and weakness was a rumor that one of the Vanderbilts bad been compelled to market a lot of bis securities. Inquiry, however, devel oped that a well known trader, in no way connected with the Vanderbilts, was forced to throw over 40,000 shares of high-priced Vanderbilts, and the bears took advantage of the fact to ponnd the market. The general opinion is that there Is nothing in the situation to warrant yes terday and today 1 * break. On the con trary, among qanks and financial circles a better state of affairs is repoited. After noon call money fell to 6@7, and stocks became calmer, assisted by rumors of the taking of $4,000,000 gold for im port from Louden, About 2 o'clock, however, there was renewed selling on a large scale. Burlington broke to -si ■ , St. Paul to 57%, Rock Island to 61%. Tbe selling movement in stocks which set in about 2 o'clock soon exhausted itself, and a rally quickly followed. Dividend payers were in better request and a recovery of '4 to \% followed. The market left off tolerably firm. Sterl ing exchange was easier at the close and rnmors of gold imports were again re vived. Bankers are inclined to believe that tbe steamers leaving Eurouean ports Saturdar for New York will have a fair amount on board. The Spree and Trave now on the way, have, it is said, $1,000, --000 in gold for the local bankers. Silver was dull and weak: 10,000 ounces was sold at 71 cents. Commer cial bar silver fell to 70; Mexican dol lars to 56. SILVER PURCHASES. The Treasury Will nave to (let a Move on Itseir Soon. WASniROTON, July 12.—1t looks very much as if tbe treasury of the United States wonld be compelled to do some active work in order to carry out the provisions of the Sherman law this month. July is now almost half gone, and still the treasury has purchased only a fraction more than 16 per cent of the 400,000 ounces prescribed. The nrice paid when tbe June purchases were completed was 82.2 cents per ounce. July 7th 100,000 ounces was taken at 72 cents ; next day 538.000 ounces at 72.3 was accepted; 100,000 ounces purchased Monday at 71.5 cents completes the purchases so far this month. The director of the mint today made a counter proposition on 375,000 ounces offered at prices ranging from 72 to 73.5 cents, in which be agreed to take silver at7l#. The gold reserve today increased |599, --808. The total amount now is $97,880, --575. Tbe currency balance remains at about the same figures, $27,353,881. The total valn.o of the exports of do mestic breadstuffj from the United States during tbe month of June was $15,912,751. LONDON STOCK MARKET. A Blrt Decline In American Hallway Securities. London, July 12, —Stocks were flat today. Considerable excitement pre vailed on the stock exchange, American railroad securities declined &@6 per cent; tbe latter was Chicago, Milwaukee and St. Paul. This weakness affected the whole market. It is stated several brokers are in a critical situation, large ly due to bawleßs rumors telegraphed from New York yesterday concerning the soundness of a number of large English houses, concerning the sound ness of which no doubt ie entertained there. Bar silver was 33 pence. W. B. Moore, a stockbroker, failed. Another failure was reported later, that of Frank Boyer, a stockbroker. The tono at the unofficial close was very unsettled. It is feared other brokers will fail tomorrow. American railroad securities are exceedingly depressed; the principal declines being tit. Paul, by 2 ; Michigan Southern, A%; Union Pacific, 3}4 ; Santa Fe, 2; Santa Fe in come bonds, l>j ; Central Pacific, \%. All other American railroad securities fell , l £ to 1. a Bank Officials Arrested. Milwaukee, July 12 —The grand jury indicted fie officers and directors of the Plankington bank, for transactions lead ing to tbe failure of that institution. Tbe indicted officials were subsequently arrested and gave bail. The announcements of the indict ments and the arrests created intense excitement throughout the city. The parties are all prominent and tl.eir un fortunate predicament is the subject of general regret. Among tbe directors is United States Circuit Judge Jenkins. President Day is still in an Indiana san itarium and the officials of that state have been directed to hold him until a requisition is obtained. He is charged with embezzlement. The other officials are charged with receiving money »w lieu the bank was insolvent. Gold Bug Action. New York, July 12.—The chamber of commerce committee for the repeal of the Sherman silver purchase act, bad another meeting today. It was not de cided to issue an address to tbe public, but the members of the chamber will be urged to use their inlluence to cor respondents throughout the country to induce a general agitation in favor of sound money. The maritime associa tion of the port of New York decided today to call a special meeting next Tuesday to consider silver legislation. Embarrassed Banks. Spkingfield, Mo., July 12.—The Bank of Commerce has failed. The laat statement showed assets. $256,000; sur- i plus, $10,000; deposits, $176,000. Garnktt, Kan., Juiy 12. —The Bank of Garnett, one of the leading institu tions of Anderson county, has failed. The bank held $13,000 county funds. It is believed to be able to pay in fall. WAsniNOTON, July 12. —The comp troller of currency has appointed E. K. Fogg receiver of the Nebraska National bank of Beatrice, Neb. A Bookseller Assigns. Chicago, July 12.—Charles M. Barneß, stationer and bookseller, made an as signment this morning. Assets, $171, --000; liabilities, $113,000. A judgment entered against him lust night is the cause of tbe assignment. An Invasion of Venezuela* Panama, July 12.—News has just been received that an expedition started from Martinique for the purpose of invading Venezuela. Tbe lettera of tbe expedi tion declare they propose to overthrow General Crespo, who has recently been chosen president lor a short term. The world's fair will cause a rush. Order eaily. Full stock, good fit, mod erate prices. Getz, fine tailoring, 112 West Third street. For sunburn and freckles use only Perfeota Face Cream; safe and sure. For sale by A. E. Littleboy, druggist, 311 Bouth Spring street. For bargains in millinery go to Thurs ton's, 264 South Main street, opposite Third. A BRITISH GAME OF BLUFF. Proposed Massing of Troops at Esquimault. A. Strong Naval Force Also Ordered There. The Action Thowrht to Be Dae to the Bering: Sea Trouble. England Evidently Bipecting an Advene Decision by the Arbitrator*—A Woman Captures a Burg lar—Coast Notes. By the Associated Presi. San Fkancihco, July 12.—The state ment is printed here, based upon a letter from an English army officer to a wealthy Englishman sojourning in San Francisco, that contingency orders have been issued to the fifth battalion of the royal rifle brigade, now at Davenport, England, to hold itself in readiness to proceed to Victoria for colonial station duty. Tbe battalion numbers 1000 men and is one of the best organized and most efficient in the British service. The letter further says the powerful British ship Minotaur has also been specially commanded to do duty at Esquimault, and the commander of the ship has been appointed naval commandant. The commander of tbe royal brigade has been made commander of tbe Esqui mault station, succeeding tha dockyard superintendent and Colonel Pryor of the Canadian forceß, who has heretofore held both posts. Two battalions of the royal marine artillery are also under orders for station duty at Victoria, and tbe Canadian authorities are said to be devising measures to overhaul and put Esquimault harbor in a more complete defensible condition. Tbe British officer writea his friend to inquire about the climate and general situation and manner of living at Es quimault, and seems to intimate that this sudden activity on the part of the British authorities has direct connection with the Bering sea controversy. From the tone and lan guage of the letter tbe San Francisco Englishman believes that England an ticipates an unfavorable termination to the Bering sea arbitration, and proposes to place herself in a position to defend and enforoe what she considers her rights in the seal properties. Tbe recent arrival of tbe war vessel Royal Arthur at Esquimault, with Ad miral Stevenson aboard, and these un usual movements of British forces, appear to lend some tinge of probability to the story. _ GOT AWAY WITH HER MAN. A Ban VranoUrn Woman Captures a Bnrglar. San Francisco, July 12.—Mrs. D. Kllery, living on Natoma etreek engaged In a desperate personal contest with a burglar early this morning and came out first best. Thomas Courcey was the fellow's name and he forced his way into the kitchen of Mrs. Ellery's home where the badly frightened little woman and children were watching to receive, him. Mrs. Ellery grappled with Courcey after he entered the room and a wrestling contest ensued. Tbe resnlt was that Courcey was quickly thrown to the floor and the woman placed ber knee on his chest and pinioned bis arms. Courcey struggled hard to free himself, but could not succeod. Mrs. Ellery had meantime been screaming loudly and assistance and the police finally came and took charge of the desperado. SOUTHERN INSANE ASYLUM. It Will Be Opened to Keaelve Patrons >ut August Ist. San Bernardino, July 12.—The board of trustees of the Southern California hospital for insane and inebriates has adopted plans for the extension of the building, and ordered advertisements for bidß. The asylum will be open for patients about August Ist. Dr. Camp bell, superintendent, left for San Fran cisco on business connected with the institution. While away he will confer with the superintendents of the state asylums at Stockton, Napa and Agnews, relative to the transfer of patients from those places to the asylum here. Fire in Oakland. Oakland, July 12.—Fire started this afternoon in a room of a building need as a lodging house on Seventh street, near Myrtle, and before the flames were got under control the entire block known as the Gregory block was badly damaged. The losb is estimated at $30,000; insured for $33,000. , The Heath Trial. Fresno, July 12.—The evidence is all in in the Heath murder case. Argu ment commenced this afternoon, Assist ant District Attorney Walser making the opening speech. OOBBETT AMD MITCHKI.L. It Now I.ooks aa Though They Will Fight in December. New York, July 12. — The Coney Island club and Carbett'a manager, William Brady, have signed articles calling for a contest with Mitchell at Coney Island next December, tbe win ner to receive the full purse of $40,000, without rebate. Mitchell's signature must be obtained before August sth to make the articles binding. Charles Mitchell has cabled the World as follows: "I have recently read a vast amonnt of gUBh from James J. Corbett. I traveled 6000 miles to make a match with him and we have each £2000 posted to bind it. We both agreed the fight should take place during the second week in December, as he would not fight sooner, although he previously stated that be was willing to meet me on my arrival in America. Tbe only club articles I have seen are thoee at New Orleans, where Charleß Noel, president of tbe Crescent City Athletic club, asked me to put my name to his club's articles. He eaid the Crescent City club would give as large a purse as any other organization, and I signed them provisionally—that is to say, if Corbett would not agree to them they would not be binding upon me. Now as regards hia fighting Peter Jackson in November, he can do as he pleases; should he suffered defeat, I certainly have no use for blm. I shall be in America early in September. I will Bign articles then, or if it will be more satisfactory I am per fectly willing to Bign them here if they are forwarded to me. Up to the pres ent time I thought Corbett meant busi ness and was a fair and square man in all hia dealinga; now, however, I feel certa'.n he desires to avoid meeting me. The Columbian Athletic club, or any other club in America where tbe authorities will not interfere with the match, will suit me. I trußt I will hear no more of Corbett's babbling until I reach America, where it will be much easier for me to answer him in person or otherwise." WORLD'S FAIB HOLOCAUST. The List of Victims of the Fire Still Increases. CnicAGO, July 13.—The list of victims of the world's fair holocaust still In creases. This afternoon another body was recovered from the ruins of tbe cold storage building, swelling the death total to 15, with a large area of debria Btill unexplored. The remains recovered this afternoon were those of Ralph A. Drummond, constructing engineer of the cold storage company. It is known that at least two or three, and probably half a dozen, more bodies are yet in the ruins, as a Michigan capitalist, an ama teur elevator boy and a Columbian guard are still missing. It appears probable that tbe families of the victims of the fire will not want for ttie necessities of life, as up to this afternoon $12,825 waa subscribed and subscriptions are coming in rapidly. It is hoped tbe total may be swelled to $100,000. Search in the ruins of the cold storage warehouse for more bodies is continu ous. The mass of twisted iron and rods makes the work slow, and it will proba bly not be completed before tbe end of the week, notwithstanding tbe fact that a huge derrick has been erected to facil itate the work. It was rumored last night that 11 more bodies were discov ered In the debris, but this proved un trne this morning, when it was discov ered that the carcasses were those of sheep which had been in cold storage. Tbe meats and vegetables in the ware house are already beginning to taint and tnrn sour, and it is feared they will be come very offensive, if not dangerouß to health, before they can be removed. Already the odor ia becoming extremely disagreeable, and the men rind it diffi cult to work Bteadlly in tbe ruins. It is now believed Robert Blenhnber, a capitalist of Marquette, Micb., is among tbe victims of the fire trap. He was interested in the cold storage, and tbe morning of the fire told friends with whom he was stopping that he intended to spend the day in tbe cold storage pavilion; has not been seen since. Louis J. Frank, a fireman who jumped from tbe tower, died tbia evening in the hospital in tbe fair grounds. MARtiUETTB, Micb., July 12. —A pri vate dispatch from Chicago contradicts the report that Robert Blenhuber of tbia city was killed in the world's fair fire. THE COItIDEMNBD CHOCTAWS. Mo Danger That Oovornor Jones Will Carry Out the Sentence. Washington, July 12.—The report from Caddo, I. T., to the effect that Governor Jones stated that the Choc taws under sentence of death would surely be shot, ia discredited at the in terior department. General Armstrong, acting commissioner of Indian affairs, said he did not believe Governor Jonea made the statement ascribed to him, and further, did not believe the govern or intended ever to shoot those under sentence, except possibly one or two of tbe more desperate ringleaders. From an official source it is intimated that in case Governor Jones insists upon the judgment of tbe Oboctaw court being carried ont, tbe government might withdraw tbe protection of troops, when the Locke-adherents would make short work of releasing the prisoners. However, no trouble is an ticipated, as it is not thought the gover nor will deem it expedient to oppose the expressed wishes of the president in the matter, especially aa it ia only tbe presence of United States troopa at Ant lers that keepß Governor Jonea in hia eeat. He is in no condition to make threats againßt the United States, for the rival faction would probably clean bim out in short order if the protection of the United States was withdrawn. Kansas City, July 12.—A correspon dent of the Kansas City Times inter viewed Governor Jones of the Choctaw nation, today, about tbe convicted Choc taw. The governor said if the trial judge declined a rehearing tbe men would be shot at once. If the Locke faction or the United States government opposed the execution, he would call out all the militia and all the sheriffs and light horsemen in the nation to Bee that the men are executed. World's Literary Congress. Chicago, July 12.—The world's liter ary congress met in six sections today. The author's division drew the largeat crowd. Among the speakers was Wal ter Besant of London and W. Morris Collea of London. The folk-lore section listened to papers by F. Eastman, Stan islaus Prato of Italy and 11. Fielburg of Denmark. In tbe philology division Professor Grabe read a paper arguing that the Greek philosophy was derived from India. Throwing Over Prohibition* Toprka, Kan., July 12.—1n a letter to A. J. Richard of Fort Scott, Attorney- Genera! Lile intimates that the state administration ia throwing prohibition over. Blatchford's Body I.ald Away. New York:, July J 2.—The body of Justice Blatchford was laid away in the family vault at Greenwood cemetery today. "GLAD TO SEE YOU." THAT IS WHAT THE PEOPLE ARE PREPARING TO SAY To VICE-PRESIDENT STEVENSON TOMORROW. PKICE FIVE CENTS. AM APPEAL TO THE PEOPLE Colorado in the Gloom of Impending Disaster. Her Citizens Issue an Address to the Country. They Demand the Preservation of Their Principal Industry. An Impassioned Appeal for Free Coin* age to the Hearts and Con* •eiences of all True Amef* lean Citizens* By the Associated Press. \ Denver, July 12.—Interest in the ail v*t convention today was not in the 1 least abated from yesterday. When called to order this morning standing room was not to be bad. After the ap pointment of delegates to tbe St. Louis and Cbicago silver conventions, and to the "gold bug" gathering at St. Paul, the committee on resolutions presented the following report, which was unani mously adopted: \ To tbe people of the United states: The people of Colorado, standing in the gloom oi impending disaster and representing in condition and sentiment the people of Montana, Idaho, Wyoming, ; Nevada, South Dakota, Utah, Arizona and New Mexico, with reverence for tbe constitution and unswerving loyalty to the general government, ask for yonr calm and candid consideration of the following facts before you give approval to the destruction of silver as money, and to the final establishment in tbia country of a single gold Btandard of val ues, and thus at one stroke change all 1 the debts to gold debts and inaugurate a never-ending rise of gold and a corre sponding fall in the price of every com modity. * Congress is called to meet in extra session August 7th. Preceding tbe call, the classes which struggled for 20 years to overthrow tbe bi-metallio money standard provided by the constitution, inaugurated a panic which they un truthfully charged to the existing silver law ignoring the facts that there are $300,000,000 outstanding legal tender notes, commonly called greenbacks, that are equally available with treasury notes isßuad in payment for silver, to draw gold from the treasury; that the balance of our foreign trade is turned against us, rendering settlement abroad with American gold a necessity, and that tbe great bankers of Europe sts purchasing gold with which to change tbe money standard of Austria and fill the treasury vaults of other monarchist countries The evident purpose is to create prejudice against what is known as the Sherman silver purchasing act, and under pressure to secure ita uncondi tional repeal. The success of this scheme is only partial. Venal presiden tial patronage, supplementing false and incendiary utterances by the gold preaa. aggravated by daily circular assaults upon the law by eaHtern money brokers, sent to every commercial body and banking corporation in the country, possibly won over tbe house of repre sentatives to it, but even the president has admitted that in the senate there is a staunch majority against it. Suddenly, like a fire bell in the night, the news is flashed beneath the oceans that free coinage in India is suspended and the market price of silver has fallen within 48 fully 20 cents an ounce. The Btartling action was forced upon the Indian govern ment without a moment's warning. The step held in secret contemplation by tbe British government for months, to be taken at a critical and opportune time when, (he consternation it must create would stamp out tbe last phalanx of the bi-metallism defenders, must have bad as one of its chief aims the intimidation of the senate to bring it in line with tbe subservient lower house. Immediately tbe wires were burdened with appeals to tbe president from banks and clearing houses and the com mercial bodies dominated by them, for an extra session, and to senators for the repeal of the Sherman law, which it is claimed is responsible for the disaster. The call has been made. The time for tbe session to commence is early; bo early, indeed, that may it not have been the hope of the president that the panic* would not subside and a measure of re peal be forced through before reason re- Burned sway and truth and logic could dominate congress 7 The enemies of bi-metallism, and they now fairly number all those who oppose the free coinage of silver alike with gold, as before the demonetization of silver in 1873, openly declare they will be content with nothing leas than tbe unconditional repeal of the silver purchasing clause of the Sherman law. It ia for that they struggle. It was to secure that that the panic was created and free coinage in India suspended. Unconditional repeal means striking from the laws tbe last remnant of legis lation to secure coinage for silver. It fixes the United States firmly in the . ranks of tbe single standard nations. It is tbe consummation of the conspira cy organized at the close of tbe Franco- Prussian war to destroy sb money of ul timate redemption half tbe coined money of tbe world, leaving tbe other half to bear alone tbe vast mountain of credit upon which the world's business is condncted, inviting more frequent panics and rendering them more de structive and enduring. It is idle to hope that reducing the value of silver to the lowest stage will force Great Britain to seek an interna tional solution of the dilemma. The home of the single Btandard is in her islands. Ita members fully anticipated the low degree to which silver will de scend. They discounted its disturbance of ber Inditm trade and steeled their hearts against tbe crime it will be against her Indian subjects. The power that could plot 77 years; that could force a yoke upon Germany, the Latin union, Austria and the United States; that could gain to its aid tbe daily press of the country ; that could control for 20