Newspaper Page Text
TODAY'S FORECAST.
FOR DISTRICT OP SOUTHERN
CALIFORNIA: FAIR WEATHER;
STATIONARY TBHPERATURE;
WESTERLY WINDS.
VOL. XL. No. no.
Mullen, Bluett & Co.
-SLEADINQK-
Clothiers & Furnishers.
WrSTRICTLY ONE PRICE.-®*
Corner Spring and First Streets.
CRYSTAL PALACE,
138, 140, 142 S. Main. St.
SPECIAL NOTICE.
The combination of Gas Fixture manufacturers has
gone to pieces. Prices have dropped for the time being.
You should now buy your
Gas, Electric or
Combination Fixtures,
At the liberal discounts we are offering at present on our
entire elegant stock.
MEYBERG BROS.
| SS.OO PORTTER i
I $10.00
I $12.00 couches |
An Elegant Line at Lower Prices Than Ever Before
Named. Our Own Make. See Our Windows and Exam
ine the Couches.
We Show an Immense Line of PARLOR SJJTS, LI
BRARY SETS IN LEATHER, EASY CHAIRS, ROCK
ERS and DIVANS.
Have Just Received a New Line of Elegant GOLD
CHAIRS.
LOS ANGELES FURNITURE COMPANY,
225-227-229 South Broadway, Opp. City Hall.
HELD IN MECHANICS' PAVILION, SAN FRANCISCO, ENDING FEB. 18, 1803.
GrRAND SILVER MEDAL coueo«2uoi A Kho{"ra P hi.
CJTT "17"C*"D A T * 0R MO9T ARTISTIC SPECIMENS ofmhcbl
3X.JU V XIfXV IVIH/JJ/\.JL/ Uneow Photography.
CJTT T7"LTT> A T for most artistic specimens illubtra't-
OIJLi V XI/XA. 11l PillH I f log the Flatmotvpe, AiUto and other processes.
SILVER MEDAL K 0 " AKT,SIIC AKRANQEMII! '« 0F
•Tour Medals Out of a Possible Four."
ay d Cg& Pre l 220 SOUTH SPRING STREET. l?P?°r^,«
= BARKER BROS.,
Successors to Bailey & Barker Bros.,
Havo moved Into their new quarters In the
Come^ r J f y*»rd and Spring Sts.
WILLIAMSON'S MUSIC STORE.
HENRY F. MILLER J—*fr I A X I O MATHUSHEK,
BEHR BROTHBBB, HAN O S BBaUMPLLIR,
B. BHONINGER, g* ' J 2Smm SMITH & BARNES.
NEWMAN BROB., f~\ O A MG NBEDHAM
Air Circulating Reed Cells. UnVjAINO Silver Tohgn.94.
A FULL LINE OF MUSIC AND MUSICAL INSTRUMENTS.
SEWING MACHINES
Standard, Rotary Shuttle, White and Other Long Shuttle Machines, Supplier, Etc.
- 3OT SOUTH SPSINO STKEET. 4-13 1»
SOUTHERN CALIFORNIA
FURNITURE GO.
T. BILLINGTON, Proprietor,
326, 328, 330 S. Main St.,
LOS ANGELES, OAU
The Herald
CHAS. VICTOR HALL TRACT
OF ADAMS ST.
Large borne villa lo,« for sate In the Southwest;
avenues no feet wine: Hoed with Palms, Mon
terey Pines, Uravillas, Peppers, tho New Gum
ol Algiers aud Magnolias, etc., which will
give a park-lik« offeat toslx miles of streets.
ls>t«aie 50x130 to 14 toot a leys.
$390 FOk IxmIDB LOTSi $10 per month till
one-half Is paid or one-third eaih and balance
in five years, or if you bulla you can have five
years time. Get one while you can. Apply to
office, 2211 West Jlrst street. 7-14 6m
LOS ANGELES: SUNDAY MORNING, JULY 30, 1893.
FAILED TO OPEN DOORS.
Three More Bank Failures at
Portland, Ore.
The Suspended Institutions Are
All Solvent;
Financial Disasters in Various Farts
of the Country.
The Action of Mew York Saving;! Bank
Presidents Looked Cpon With
Suspicion—Bank Hum in
Maw Jersey.
Br the Associated Press.
Portland, Ore., July 29.—Three banks
failed to open doors this morning. They
were tbe Commercial National, the
Portland Savings and the Ainsworth
National. With tbe exception of a
Blight rnn on tbe First National there
was no excitement. A notice potted on
each of the suspended banks says the
banks were forced to temporarily sus
pend owing to heavy withdrawal of de
posits daring the last 60 days and
Inability to realize on securities. De
positors will be paid in fall. Tbe Com
mercial National bank bas a paid-up
capital stock of 1260,000. Frank
Dekum is president. The Port
land Savings bank is under tbe
same management. L. L. Hawkins
is president of tbe Ainsworth National,
which has a capital stock of $100,000.
Statements of tbe Commercial National
and the Ainsworth National, published
July 12th, show resources as follows:
Commercial, $1,960,000; Ainsworth,
$087,000. Deposits—Commercial, 11,
--466,000; Ainsworth, $447,000.
D. P. Thompson was appointed re
ceiver of the Portland savings bank this
afternoon. The statement of this bank
shows that its resources are estimated
at $2,950,000, which is a considered con
servative estimate., Its liabilities are
placed at $3,476,000. During the last 60
days there bas been a shrinkage of
$600,000, while $800,000 has been with-.
drawn from the Commercial National
during tbe same period. The Commer
cial National paid out $100,000' yester
day.
A small bank at Forest Grove has
closed owing to the Commercial
National's suspension.
Tbe statement of the Union Banking
company, which closed yesterday,
shows: Assets, $98,000; liabilities,
$53,000. Tbe city has a claim for $13,
--000, and is the principal creditor.
LONDON STOCK MARKET.
Small Operators Tided Over ■ Panic by
Larger Ones.
Londsn, July 29.—Stocks were marked
by tbe usual quietness that prevails Sat
urdays. An easy feeling succeeded the
nervousness of the settlement which
closed yesterday. The satisfactory re
sult of tbe settlement was obtained
through mnch assistance given by largo
firms to smaller operators. There was a
slight reaction at the opening this morn
ing in American securities in sympathy
with the lower prices in New York
yesterday, but subsequently the market
rallied and the lose was more than re
covered, and the market became firm all
round. A very large bear account is
still open. Shares are scarce, therefore
a further recovery in values seems as
sured. The markets ontside of Ameri
can railroad securities are irregular.
The changes are not important. A fair
amount of gold wae bought in the bul
lion market yesterday for American ac
count. Gold to the amount of £200,000
was shipped to the United States today.
Buns on Mew Jersey Banks.
Newark, N. J., July 29. —There is a
run on tbe Howard Savings institution
of this city. The officers say they have
plenty of money on hand to pay all de
mands. The Howard is the strongest
savings bank in the city.
Trenton, N. J., July 29.—Aran began
on the Ironton Savings bank this morn
ing. The bank is one of the strongest
in the state and no danger is looked lor
as the result of tbe run. Withdrawing
depositors are paid in silver dollars.
An Absconding Cashier.
Boston, July 29. —A special from Man
cheater, N, H., says: Disclosures today
tend to show that Cannier Morrell knew
tbe worst and ran away rather than face
the music. A director stated this morn
ing that in addition to $50,000 worth of
doubtful paper thrown out of the Derry
field Savings bank, there is from $10,000
to $18,000 due depositors. It is now
thought the deficiency in the bank may
go to $100,000.
New York Savings Banks.
New York, July 29.—As the result of
the action of the savings bank presi
dents at a meeting last night, declaring
they would require the legal notice for
withdrawal of funds, there were slight
runs on savings banks in this city and
Brooklyn today. They were all able to
protect themselves nnder tbe time clause
of the law and no failures occurred or
are anticipated.
A Bank Run Staved Off.
Youngbtown, 0., July 29.—As tbe re
sult of malicious rumors a run was
started on the Doilar Savings and Trust
company this morning. The bank re
quired legal notice, and not a dollar was
paid out. It has wealthy stockholders.
A number of merchants have drawn
large sums from other banke and de
posited with it, allaying the excitement.
The Erie Receivership.
Pittsburg, July 29.—Application was
made in the United States circuit court
on Treasurer Parks for a receiver for the
New York, Lake Erie and Western, as a
supplement to the bill filed recently in
New York. It is alleged that it has a
total debt for wages, supplies, etc., of
over $5,000,000. John King and J. S.
McCullough were appointed receivers.
The Foster Failure.
Fostoria, 0.. July 29.—A meeting of
the creditors of Foster & Co. and Charles
Foster decided to employ an expert to
examine the books of the bank to see
whether there were any irregularities in
the recent transfers in real estate.
A Safe Company Assigns.
Hamilton, 0., July 29.—The McNeal
& Urban Safe and Lock company, one of
the oldest safe firms in the country, has
assigned; assets, $160,000; liabilities
unknown. Tbe firm claims to be sol
vent.
Suspended Temporarily.
New Whatcom, Wash., July 29.—The
Paget Sound Loan, Trust and Bank
company suspended temporarily today.
Liabilities, $60,000; assets, $200,000.
A Bank Receiver.
Washington, July 29.—Comptroller
Eckels has appointed Louis G. Phelps
receiver of the Merchants' National
bank of Great Falls, Mont,
A Thousand Man Discharged.
Buffalo, N. V., July 29.—The Bar
rier Aephait company haa discharged
1000 men became of dull times.
TUB NEW REICHSTAG.
An Interesting Analysis of the Classes
Cum postug; It.
Berlin, July 29. —Au analysis of the
new reicbstag reveals the fact that only
four Hebrews hold seats, and all of
them are Socialists. Rither more than
a quarter of the members are of noble
birth. There is a preponderance of
land owners and farmers, the number
reaching 145, but there are no fewer
than 110 lawyers in the new house.
Among the member* of other profes
sional divisions noted is a master chim
ney sweep.
PERSONAL LIBERTY.
SENATOR HILL ADDRESSES THE
HOP BREWERS.
A Pointed Declaration on ths Relatione
of Capital and Labor— Comment*
on the Tendencies of
the Times.
TJtica, N. V., Jary 29.—Secretary Hill
delivered an address today before the
Hop Brewers' assoclatian on Personal
Liberty. He said that in tbe realm of
labor and the domain ef industry the
prlneiple involved in personal liberty
cannot be too frequently asserted. The
fact cannot be too strongly emphasized
that every man's labor is his own, and
be can do with it as he pleases. He
has a personal right to name bis own
wages, his own hours and all other
terms under which he is willing to be
employed, and if they are ■atisfo'story
to the one who hires, a • agreement it
reached and there is an end of contro
versy between them. The contract is a
personal matter, with which no other
workman or employer bas a right to
interfere. These considerations do not
conflict with tbe obligations which
workmen assume when they voluntari
ly join labor organizations. They al
ways must be deemed to reserve the
'abstract right of repudiating snch mem
bership whenever they so prefer.
"In my opinion," continued the sena
tor, "the citadel of liberty in this coun
try is more in danger of being under
mined br the ill-considered opinions of
come of its judges, straining doubtful
points and involving quibbles in favor of
corporate power, and creating factions
to stifle tbe efforts of honest labor strug
gling against great odds to aseert its
dignity, than from all tbe arbitrary
demonstrations ever made by working
men."
Speaking of the tendencies of tbe
times, Hill said: "The mercantile ex
changes in our great cities are clamoring
for relief from laws which restrict their
business in accordance with old-fash
ioned plans and notions. The whole
country is at last awakening to the im
propriety of making our money metals a
matter of merchandise by tbe govern
ment itself, and hoping tbe patriotic
congress, soon to convene, will faithfully
respond with promptitude to the de
mands of public sentiment in that re
gard."
DECOYED AND ROBBED.
The Bold Hold Up of an Express Wagon
at Wichita, Kan.
Wichita, Kan., July 29.—At 9:30
tonight a telephone message received at
the Pacific Express company's office
asked that a wagon be sent to tbe
Wichita creamery on the way to the
10:16 Rock Island train. Arriving at
the creamery the wagon was met by a
man who jumped upon tbe seat and
directed the driver to drive around to
the rear. When the wagon entered the
alley, two other men, pointing revolv
ers, ordered the driver and messenger to
hold up their hands. They were obeyed,
and tbe messengjr was compelled to
open tbe safe, which contained silver
and currency about to be shippod south,
to the amount of $7500. The robbers
dumped tbe money into a sack and
made their escape. There is no clue to
their identity.
ENGLAND'S STRENGTH.
It Will Burst Like a Babble Bays Kaiser
Wilhelm.
Berlin, July 29.—An interesting com
ment made by Emperor William prior
to bis departure from Kiel for the Isle
of Wight, is reported. According to a
member of bis majesty's suite, a discus
sion was going on between high officials
and tbe emperor as to tbo poosible out
come of tbe French dispute with Siam,
when his majesty remarked that Eng
land was not strong enough to assert
herself against any European power or
against the United States. He further
declared that if ever she was brought
into oonfict with any of these nations,
tbe belief in her formidable strength
and her reputation as queen of the seas
would burst like a seap bubble.
Brown Relleres Potter.
Norfolk, Va., July 29.— Rear-A
dmiral George Brown took command ef
tbe Norfolk navy yard today, relieving
Captain Potter.
SIAM FORCED TO SUCCUMB
France Secures the Full
Pound of Flesh.
An Unconditional Acceptance
offler Ultimatum.
The Kingdom of the White Elephant
Yields to Force.
The Blockade Will Be Raised and Peace
Restored—English Diplomacy
Bald to Hare Bffeotad the
Settlement.
By the Associated Press.
Parih, July 29.—Prince Vadbana, tbe
Siamese minister, went to the foreign
office this morning to communicate with
Develle. Revoil, the chief secretary, in
formed him that Develle was unable to
receive him, as with the departure of
Pavie from Bangkok all diplomatic in
tercourse was stopped.
Princs Vfdhana exclaimed: "Bat I
bring a flag of truce 1 We accept the ul
timatum!"
Revoil did not wait to hear more. He
bolted into Dsvelle's presence shouting:
"Siam accepts tbe nltimatam !"
Develle at once received tbe prince
with exceptional cordiality. After his
departure* Develle telephoned the news
.o Premier Dupuy, who summoned a
cabinet council, bat after an informal
disoassion the meeting adjourned until
tomorrow.
COMPLETE SATISFACTION •
A semi-official statement was given to
the press this evening, aaying Siam's
acceptance gives complete satisfaction
to France and all who are not desirous
of making the Siamese difficulty the oc
casion of fresh colonial enterprise. The
statement adds: "The French govern
ment, desiring to give proofs of its good
will to giam, probably will not raise
further objections in the affair."
JOHN BULL'S HIDDEN HAND.
Another semi-official statement says
the public will find proof that Great
Britain has not interveaed.
The Jonrnal accepts the statement
with a grain of salt. It says something
was done behind the scenes, and the
French are likely to awake soon to the
fact that Great Britain alter all got the
better of them in diplomatic negotia
tions.
TOE BLOCKADE WILL BB RAISED.
In view of Siam's action, according to
the terms of tbe nltimatam, it is ex
pected France will withdraw the notice
oi blockade and accept binno'e surrender.
It is understood the provinces on the
npper Mekong will be subject to future
negotiations between France and Great
Britain.
siam's subbendeb.
Bangkok, July 29.— The cabinet coun
cil at which it was decided to grant the
demands of France's ultimatum, was
called at the royal palace yesterday
morning. The king presided.
ANYTHING TO MAINTAIN PEACE.
London, July 29.—The Siamese lega
tion in this city received a dispatch
from Bangkok stating that Siam, learn
ing that France regarded its reply to the
nltimatam as a refusal to grant the
French demands, and being most desir
ous of maintaining peace, telegraphed
tbe Siamese minister at Paris to inform
the government that Siam accepts the
ultimatum in entirety. The dispatch
states that Siam hopes the blockade will
be raised, diplomatic negotiations re
sumed and an early settlement of the
difficulties effected.
lord dufferin did it.
Lord Rosebery's statement on Thurs
day foreshadowed Siam's surrender to
day. Tbe only question was the posses
sion of the provinces on the northeast
ern side of the Mekong. It is currently
reported that Lord Dufferin secured the
settlement by consenting to Siam'e
handing these provinces to France, on
the distinct understanding that France
shall immediately restore them to Siam,
and that the "buffer state" between the
French and English territories, wherein
England insisted, s~hall be thus pre
served.
France's full pound of flsbh.
Feeling in tbe bellicose Peril press
is against any arrangements with Eng
land, bnt the French government is
doubly delighted at being able to
emerge from a eerions situation without
complications with Great Britain and
with her full pound of fleeh from little
Siam. A telegram from Bangkok indi
cates that the Siamese are deeply dis
appointed at not receiving support from
the English government.
GERMAN INTEREST.
Berlin, July 29. —A remarkable
change has occurred within the past few
days in the tone of the German press
and conversation regarding tbe Franco-
Siamese embroglio. Germany began to
realize that she would be seriously af
fected in the event of a blockade of the
Siamese coast, as next to England ebe
controls the greater part of the trade
with Siam. Communications were ex
changed with Great Britain and Ger
many bad decided upon the line of con
duct she should pursue should German
vessels be interfered with by French
war snipe in Siamese waters. General
satisfaction was expressed today when
it became known' that France would
withdraw her notification of a blockade.
Tho 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 nae only
Perfect* Face Cream; safe and sure.
For sale by A. E. Littleboy, druggist,
311 South Spring street.
Ladies' hats cleaned, dyed, reshaped
and trimmed. California Straw Works,
264 South Main street, opposite Third.
The Conn Band Instruments.
Fitzgerald, agent, 123 South Spring et.
SIXTEEN PAGES.
Regarded as tramps.
Destitute Workmen from Denver Barred
from lUnm City.
Kansas City, July 29.—The chief of
police with a large force of men went to
tbe etate line thie morning to meet a
train load of 300 unemployed men from
Colorado, who left Denver laet night
over the Union Pacific. Thie action was
taken under tho state law forbidding
railway companies to bring paupers
into the state. The chief was of the
opinion that these men were tramps,
trading on the misfortunes of working
men. When the train of five box cars
reached the state line it was stopped.
The inmates were in a rather ugly frame
of mind and made some threats, but re
sistance was bopeleßß in the face of tbe
force against them. The men finally
agreed not to Btop in Kansas City and
the train was allowed to proceed to tbe
nnkin depot. After disembarking the
men soon scattered, some going east and
others south.
LIVELY HUT UNDIGNIFIED.
Governor Walt* of Colorado Ejects a
Reporter from His Office.
Denver, July 29.—There was a lively
though undignified fight in the etate
house today between Governor Waite,
aided by Secretary Harry Maltby, on
one side, and a lone reporter on the
other. Mr. Gaston, a reporter repre
senting an evening paper which bas
criticised the executive, called upon
Governor Waite and asked for news.
The" governor refused to talk, and ordered
tbe reporter to leave the room. Gaston
refused, and Governor Waite and his
nephew, Maltby, ejected the reporter,
choking and otherwise maltreating him.
J DENVER'S DESTITUTE.
THE EXPECTED OUTBREAK HAS
NOT OCCURRED.
Work to Be Given the Unemployed on
Public Improvements—No More
Free Transportation to
tha Bait.
Denver, July 29.—The city was quiet
all day, and the indications are that the
expected outbreak among the unem
ployed will not ocour. There were no
signs of agitation today, although the
superintendent of the Union Pacific rail
way petitioned tbe city, connty and
state authorities to afford his road pro
tection against the crowds desiring to go
east. The company is willing to carry a
moderate amount of persons, bnt objects
to hauling train loads. No action was
taken by the authorities. One thousand
persons were fed today at Camp Relief.
About 500 left on different roads.
At a meeting of the relief committee
last night it was resolved to discontinue
Camp Relief next Thursday morning. It
was also resolved that the transporta
tion committee should not issue any
further tickets to those desiring to go
east, but beginning tomorrow morning
those going will have to pay full fare.
The above action was caused by the de
cision of tbe city council to begin at
once public improvements. Men with
families will be given preference in ob
taining employment on public works.
DARING BOBBERIES.
Chicago Women Deepolled of Their
Jetrete by Thieves.
Chicago, July 29.—One of the most
daring robberies known in this city
occurred this afternoon at the residence
of Mrs. R. Amnion on the south side.
Two well-dressed men rang the bell
about 3 o'clock and asked for the lady
of the house. When she appeared they
represented themselves to be detectives
In search oi a thiel, whom it was
thought Mrs. Amnion's girl was conceal
ing. When they were fairly inside the
men bound and gagged Mrs. Ammon,
took her diamond ring and earrings and
other jewelry from the dresser, repre
senting a total value of $2000, and made
tbeir escape.
May Seymour, tbe keeper of a dis
reputable house, was robbed tonight of
a casket containing $3500 in diamonds.
A SHKEWn SCHEME.
Ttie Constitutionality or the Nebraska
Railroad Law to Be Tested.
Omaha, Neb., July 29.—A shrewd
scheme to test the constitutionality of
the new railroad rates provided by tbe
last legislature, to go into effect August
Ist, developed today, when J. M. Wool
worth as solicitor for tbe Northwestern,
tbe Burlington, the Union Pacific and
the Missouri Pacific companies, in the
United States district court asked res
training orders to prevent the officials of
the roads named from putting the new
schedule in effect, and also to restrain
the members of tbe etate board of trans*
portation from entertaining or hearing
complaints against the roads named for
failing to obey tbe law. It ia alleged
tbe plaintiffs are stockholders of the
various companies.
HABB ON HORSEFLESH.
A Bosnian Long-Distance Race Abetted
by Bmperor Fraus Joseph.
Vienna, July 29. —The Bosnian pro
vincial government recently instituted a
long-distance horse race between Bisbacs
and Serajevo, 180 miles. The roads
were rongh and mountainous. All of
the 47 competitors rode native horses;
19 ridere were Austrian officers. A
Mohamedan land owner'won the first
prize, 12,000 crowns, given by Emperor
Frarz Joseph. He covered the course
in 3d hours 26 minutes. Three horaes
died on the road.
Negro Democracy.
Washington, July 29.—Still another
negro national Democratic league is in
the field, of which C. H. J. Taylor of
Kansas City is chairman of the executive
committee. This league has resolved to
call a mass meeting of negro Democrats
and all negroes desiring to affiliate with
them, in this city August 21st, to take
active measures toward organizing state
leagues throughout the country to pop
ularize negro Democracy.
THE MID-WINTER FAIR.
THE PROJECT CORDIALLY EN
DORSED BY A MEBI IVI AT THE
CHAMBER OF COFIMERCE IN
THIS CITY,
PRICE FIVE CENTS
SILVER MEN IN CHICAGO.
The Vanguard of the White
Metal Delegates.
Preparations for This Week's
Convention.
Carl Brown, the Wild West Artist, on
the Rostrum.
Denver's Memorial to Congress In Be
half of Free Coinage—Tho Home
to Bo Organized on an Antl
-811 ver Basis.
By the Associated Tress.
Chicago, July 29.—The vanguard ol
the delegates to the silver convention
are actively at work in this city, exist
ing the local committee to get things in
shape. A lengthy conference was held
this afternoon. It was decided to hold
a mass meeting Tuesday night next,
where addresses will be made by lead
ing silver speakers. In the course of
the discussion a motion was made to
invite tbe leaders of labor organisa- I
tione, and one delegate wanted to In
clude the officers of the board of trade.
R. H. Ferguson opposed thie, saying
the board of trade was in the hands of
the money power. However, tbe meet
ing included among those invited to the
platform the officials of all commercial,
financial and economic bodies.
Wednesday night there will be a great
rally on the lake front, addressed by !
General Warner, Senators Jones and
Wolcott, Congressmen Bryan of Ne
braska, Bland of Missouri, and other
leading free silver men.
Carl Brown of California, organiser of
the American Industrial League Free
Silver Society of the West, will make an
address on the lake front tomorrow.
The convention will forestall any at
tempt of the compromising element to
get a hearing by refusing to admit any
one who does not favor the free coinage
of silver to the ratio of 1 to 16.
Silver men from the west beld a con
ference last evening with local advocates I
of free silver. The leaders of the delega
tion are Willis Sweet and J. H. Farney
of Idaho; W. M. Chambers, Washing
ton, and C. W. Sweet, Cheyenne, Wyo.
They declined to say what they will ask
at the hands of the convention. Cham
bers will, after deliberation, give out for
publication what the gentlemen from
the silver states will, seek to
secure. It is understood, how
ever, that the men from Colorado,
Montana, WyomiLg, Idaho, Washing- i
ton, the Dakotas and Nebraska will
unite npon a aistinct line of policy to
to be .urged for action by the special ses
sion of congress. Tbey will offer resolu
tions declaring that the demonetization
of silver in 1873 was a crime against the
producing element of the nation and its
products; that, while tbe Sherman law
was not satisfactory to tbe silver people
and not supported by tbeir representa- ,
cives, it was accepted as tbe best legis
lation attainable at the time; that its.
unconditional repeal would be a blow at
the mining industries of the west which
could be excused on no other ground
than a desire to encourage the robbers
of Wall street and money lenders gener
ally. Letters are received daily from
prominent western men saying they are
coining.
A DENVER MEMORIAL.
Congress Petitioned for nn American
System of Money* i
Denver, July 29. —The committee of
the chamber of commerce and board of
trade, appointed to prepare a memorial
to congress in favor of an increase of the
circulating medium by free coinage of
silver produced from mines in the
United States, and demand the paying
out of the money hoarded in the vaults
of the treasury, through its chairman,
ex-Governor John Evans, has made a
report. It calls attention to the fact
that the amount of legal tender currency
in the country is altogether inadequate
to the transaction of its business; that
owing to that great injustice there is a
relatively diminishing value of property,
wheat, cotton and silver; that this con
dition of the currency depreciated val
ues, finally destroyed confidence and
brought ruin on the length and breadth
of the country, closing business gener
ally—mines, banks and manufactories —
from the Atlantic to the Pacific and
from the lakes to the galf; that the re
peal of the Sherman silver law would
further contract the currency, and
should, therefore, not be dona
without providing an adequate
substitute; that such a condition can.
only be remedied by the government
restoring the amount of legal tender
circulating medium to tbe amount re
quired, making it honest money; in
fact to accomplish this imperatively
neceßsary result, to require the secretary
of the treasury to pay out on the debts
of the government, including pensions,
contracts and appropriations and dis
tribute to the national bank depositories
for the purpose of all legal tender, the
silver coin now in the treasury; to re
quire the secretary of the treasury to
coin into legal tender money and pay
out in like manner on tbe debts of tbe
government all the Bilver bullion now,
or which may hereafter be, in the treas
ure-; that the reserve of $100,000,000
gold in tbe treasury, placed there at the
time of the resumption of specie pay
ment in 1879 to protect the credit of the
government against the possibility of
default in meeting its gold liabilities, be
put in circulation,since thecredit of the
country is so abundantly established all
over the world that Buch reservation is
no longer required.
The memorialists earnestly protest
against any increase of tbe national
debt to raise money to pay in gold
debts payable in coin only, or attempt
ing to administer the finances of the
government on a strictly gold basis.
The memorialists call attention to
the fact that mono-metallic England bas
a" per capita of only $18.42 in circulation, ,
and mono-metallic Germany only $18.54,
