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LOS ANGELES HERALD.
"THE HERALD Stands for tho Interests of Southern California. SUBSCRIBE FOR IT. VOL. XXXV.—NO. 15. SILVER A FOOTBALL Kicked at the Pleasure of Bulls and Bears. The Market Glutted With the White Metal. Prices Depreciating in Spite of Re publican Promises. The Director of the Mint Finds it Necessary to Bolster Up His Party's Policy. Associated Press Dispatches. Washington, Oct. 28. —Director of tlie Mint Leech makeß a long statement in regard to the treasury purchases of silver bullion, and the causes of the re cent decline in the market price of sil ver. He says the treasury method of purchasing silver has been criticized in these particulars: First —That the large purchases by the department do not include all the silver bought. Second—That the London price is used as the basis of government purchase. Third—That bids to the government are on the decimal system, and tend to favoritism. Answers to Criticisms. In regard to the first criticism he says: The government purchases silver as it does bonds —and indeed any article re quired in considerable quantities—by public competition, the lowest offers be ing always accepted, provided they do not exceed the highest market price. For the benefit of small producers, how ever, the superintendents of mints are authorized to purchase small lots at a price fixed from day to _day by the director, corresponding to the market price. These purchases average possi bly half a motion ounces a month. Second— IW is not true that the Lon don price is used as tlie basis of silver purchases under the new law. During the last administration, not only was the London price the only price used, but the departmeut did not pay the equivalent of the London price, but made a counter offer to bidders, on the theory that silver was worth less in New York than in London, on account of the cost of transportation and in surance across the water. The present administration has been governed in its purchase by the New York price. At no time since the passage of the new silver law —indeed for some months be fore—has the treasury felt itself limited in acceptances to Loudon prices. 'lbir.i—ln regard 'to tne government quotations being on the decimal basis, one of the articles says: "It isasus- significant fact that the gov ernment's quotations are on the decimal basis, which is a great advantage to those who may have advance informa tion in regard to the price the govern ment is willing to pay on a given date." The government has no scale of its own, and bidders use whatever scale suits them best. If one house happens to bid a decimal lower than another, is the government to decline the lower bid because of the decimal? The idea of any seller having "advance iniormation" as to the price the government will pay, is ridiculous and impossible. Ii there can be any fairer method devised for purchasing silver than by public competi tion, it would be difficult to conceive of such a method. It is the method which hits been pursued by the treasury under all administrations since 1878. Causes of the Decline. In regard to the recent decline in the price of silver, the causes which oper ated to produce it are apparent. In the first place, the visible stock of silver in New Yo»k has not sensibly decreased, notwithstanding the purchase by the government of 12,276,478 ounces of sil ver since August 13th. This large and undiminished stock is a standing men ace to the price of silver. Large west ern refineries, in hopes of realizing a large profit, held silver for months prior lo the passage of the new law, or deposited it in New York for certificates, and the result has been the accumula tion of a visible stock of such magni tude as to depreciate prices. It is very unfortunate that this stock has been allowed to accumulate, Aid especially that certificates have been allowed to be issued on it, and guaranteed by national I..ink and listed on the stock exchange to be dealt in on margins. It has made a football of silver, to be kicked around s', the pleasure of the bulls and bears. In my judgment, there should be a law enacted against dealing in money metals on margins. Exports Almost Entirely Ceased. v The usual demand for silver for ex port has almost entirely ceased. Not only is this the case, but large quanti ties of foreign silver have been shipped to the United States. Tbe imports of silver from May Ist to September 30th, the present year, ex ceeded the exports by"54,923,175, while for the corresponding period of last year, the exports exceeded the imports by $5,.110,990. This accounts for tho fact that while the government pur chased an amount equal to the current production of our mines, the stock has not diminished. During the same fieriod the shipments of silver to ndia have not sensibly decreased, although latterly they have been the usual amount; hence the sup ply for India has been obtained in Eu rope, or at least elsewhere than in the United States. So, too, in regard to the natural movement of silver to Japan, China . .id the straits from San Francisco. Not an ounce of silver bullion has been shipped to the orient from San Francisco since May Ist, this year, while over $4,000,000" worth was shipped during the same period last year. These facts of themselves are sufficient to account for the decline which has taken place. All Sorts of Roorbacks. Then again ah sorts of roorbacks have been telegraphed from London to this country, tha<4>urpose and effect of which was to weaken the price of silver. Tt is well known tbat we arc in the midst of ami a active mining season. Undoubt edly the production of silver has been WEDNESDAY MORNING, OCTOBER 29, 1890.--TEN PAGES. stimulated by the new silver law, but it must be remembered that we are ap proaching the period of winter months when mining is not so active; and more over, that the present activity in work ing mines, naturally results in more rap idly exhausting their lodes. So far as my information extends, there have been no new silver bonanzas discovered, and as aside from the discoveries of val uable silver-lead properties in Aus tralia, I am not aware of any large deposits of silver diecovejed within the last year or two; certaifily none recently. So, it is fair to presume that the silver product for any consider able period, unless there are new dis coveries, will not be materially increased by the present active working of the mines. No sensible person HkeH to make prophesies,especially on a subject which has proven so illusive as silver, but cer taiivyonewho has made a close study of the silver question, ought to find iii the facts mentioned sufficient causes for the recent dceline, without seeking for imaginary reasons and casting slurs upon the treasury method of purchases. Artesian Water. Wheatl\ni>, Oct. 28.—A flow of arte sian water was struck on the Kichley place, about a mile and a quarter west of Sheridan, in Placer county, at a depth of fifty-five feet. The well will flow in the neighborhood of 20,000 gallons per day. The farmers are rejoicing, as water is essential to successful agriculture on the uplands. It is expected that a series of experimental wells will be drilled soon. The Hennessy Assassination. New Orleans, Oct. 28.—The prelimi nary examination in the Hennessy assassination case has been postponed indefinitely on motion of the district attorney. The prisoners were remanded without bail. Two more folding guns were found by street gangs this morn ing, in the vicinity of the killing. They no doubt belonged to the assassins. RAILROAD GOSSIP. MUCH TALK ABOUT UNION PACIFIC AFFAIRS. An Official of the Company Makes Some Statements for the Public-Alleged Rate-Cutting. Boston, Oct. 28. — Vice-President Lane of the Union Pacific railway, was seen today with regard to the stories with which the street of late teemed, derogatory to the Union Pacific, its management, etc. Witli regard to the boycott and the effect thereof, Lane said: "West-bound th rough business is really all that is affected, and even this can suffer but little." He also re marked that the Union Pacific-North western alliance, roaily concerned nobody but the two roads in interest. "What they do, is their own business. The Union Pacific people are not at all disturbed by the so-called boycott, and they find in the cases leading to it, and in the ill-feeling of competitors, an in spiration for all the recent wild reports concerning the road." The stories of accidents, Lane says, have been greatly exaggerated. Their system is getting an enormous traffic at the present time, more indeed than it can comfortably handle, and its equip ment is necessarily getting severe usage. A few accidents have naturally occurred under these circumstances, but none of these have involved any serious damage. As regards the latest story from Chi cago, published today, to the effect that the management was "Working tacitly to wreck the road, with a view to ulti mately turning it over to the Vander bilts, Lane says the yarn is too absurd to deny, and its animus is clearly ap parent to anyone who understands the present condition of affairs. Kansas City, Oct. 28. —The Trans- Missouri committee today considered the charges and counter charges of the Bur lington and Rock Island, regarding the alleged cut in San Francisco rates; also the complaints of the Wabash regarding the sale of forbidden return harvest excursion tickets, but the meeting ad journed without final action. In an interview this evening Chair man Finley attributes the present un easiness to the scalpers, against whom he proposes to take action. The nature oi his plans he would not divulge, but he believed wherever large blocks of tickets are found in the hands of scalp ers, he will authorize the roads in the association to sell below the scalpers. EASTERN ECHOES. Speaker Reed spent Tuesday at St. Paul, Minn. Miss Julia Marlowe, the actress, is very ill at Philadelphia. A Briggs Swift, the noted Cincinnati pork packer and merchant, is dead. The Western Union telegraph office at St. Paul is working nearly a full force, despite the strike. The president has granted a pardon in the case of Charles H. Condon, convicted in Wyoming of robbing the mails and sentenced in 1879 to imprisonment for life. By a rear end collision of two sections of Barnum's circus train, near Macon, Ga., one man was killed and one fatally injured. A number of horses were also killed. A call has been issued for a national convention of the Non-Partisan National Woman's Christian Temperance union, to be held at Allegheny, Pa., November 19, 20 and 21. The interior and war departments have issued tbe necessary instructions to their representatives in Colorado to secure the return of marauding Utes to the reservation at once. Mrs. Davis, Miss Mary Garrett and ohjier ladies, who resolved to raise $100, --000 and give it to Johns Hopkins uni versity, for the purpose of founding a medical collego into which women wOQ'ld be admitted, have accomplished their task, and the trustees have ac cepted the fund. A Fatal Runaway. WASHINGTON, Oct. 28.—The widow of the late Lieutenant Gantt, of the navy, and her daughter were out driving to day. Th« nn away; the ladies jumped from the carriage, and Mrs. Gantt was killed and her daughter se riously injured. TOO MUCH POLITICS. A Republican Ward P*,ss Killed. Apolitical Dispute Results in Murder. Lawrence RoaL 1 ' Mint by the Man He Assaulted. San Francisco the Scene of the U> .•. Other Happenings Along Coast. Associated Press Dispatches. San Francisco, Oct. 28.—Lawrence Roach, a saloon-keeper and Republic;u> ward politician, was shot and instantly killed by James J. Allen, this evening, on Fourth street near Tehama. The killing was the result of politics. Allen caused a number of voters to be cited to appear before the. Elec tion commissioners, and when Roach met him tonight he was accused by Roach of being an informer. Allen say 3 that Roach attacked him with a knife, and he then drew a pistol and fired two shots, one entering the brain and the other the breast. The only weapon found on Roach was a small pocket-knife. A Valuable Cargo. Astoria, Ore., Oct. 28.—The German ship Renee Rickmer this evening fin ished loading the largest and most valu able cargo that has left the Columbia river for over a year. It consisted of 20,101 cases of salmon. 26,280 sacks of flour and 22,566 sacks of wheat. The total valuation of the cargo is over $227,000. The Bahnon shipment on the Rickmer is the first to go to a foreign port this year, and will be followed by a similar shipment in a few days. San Diego Wants the Plant. San Diego, Oct. 28.—The citizens this evening appointed a committee to confer with the government representative's who wero recently apfrointed to select a site on the Pacilic coast for a high grade armor plant, and present to them in ducements for the location of the said institution in San Diego. The committee will leave for the east in a few days. Escaped from tlie Pen. 8 Boise City, Idaho, Oct. 28. —Jos. Mor gan has escaped from the state peniten tiary. He was at breakfast this morn ing. At dinner he was missing. Mor gan was sentenced last July to a ten year term for attempt to commit murdqr on Charles Garret, of Shoshone county. One hundred dollars reward has been offered for his recapture. Collided in a Fog. Seattle, Oct. 28.—The steamer Pre mier which arrived here tonight, col lided with the bark Oakland in a fog off Marrowßtone head, Monday night. The Oakland was at anchor, loaded with lumber for sea. The PremieT wa3 on her way to Seattle. The Premier waa damaged $100; the Oakland half tbat amount. The News from Alaska. Victoria, B. C, Oct. 28.—Captain Car roll, who is now in the city, reports that the principal item of Alaska news is the .discovery of a rich quartz vein at Turner's bay, in the direction of the Chitcat district. John Iteinhard, a prospector, has bought the claim and will at once proceed to develop it. A Match Race. San Francisco, Oct. 28. —The owner of Almont Patchen today deposited $1000 with the Chronicle" to bind a match race between Almont Patchen and Cricket. The race is to be mile heats, best three in five, to be contested either on the San Francisco or San Jose tracks. A TEST CASE. Tho Validity of a No-Quorum Law Questioned. New Yokk, Oct. 28.—Upon the appli cation of Ballin, Joseph & Co., importers, Judge Lacey today granted an order re quiring the customs appraiaers to pro duce all the records regarding the ap praisement on a certain consignment of cloths, on which the firm claims too high duties were assessed. The firm alleges that the goods in question were manufactured of worsted. An interest ing point of the suit is that the firm contends that the act of May 9th, pro viding for the classification of worsted clothes as woolens, does not apply, be cause the act was not passed according to law. They assert there was no quorum in the house when the bill was certified to have been passed, and that it was not legally enacted, though de clared passed by the speaker. WAS IT INTENTIONAL? Senator Sherman Talks About the De fect in the Tariff Bill. Cincinnati, 0., Oct. 28.—Senator Sherman was quoted last week as saying that tbe absence of the rebate clause from the revenue section of the tariff act was intentional. The Tobacco Jour nal wrote the senator about it. He replies that the express purpose of postponing the tak ing effect of * section 30. which provides for a reduction of internal taxes, until after the Ist of January, 1891, was that it was believed as the general law took effect October 6th, a lapse of nearly three mouths would be sufficient to exhaust the supply on hand, and there fore no rebate was provided. He says no doubt all who participated in the conference took the same view of the matter. HEIDELBERG FASHION. Two New York Club Men Fight Over Politics. New York. Oct. 28.—The Herald says : A duel waa fought a few days ago, Heidelberg fashion, between two club men, who are mentioned only by in itials. G. V. was the more expert and succeeded in drawing blood from the shoulder of < 1 E. That ended tbe fight, and the mon are now fast friends. FINANCIAL DIFFICULTIES. The Treasurer of a Temperance Society Short. Newport, R. 1., Oct. 28.—Dennis B. Sullivan, treasurer of the Father Matthew Total Abstinence society, is believed to be short in his accounts about $1300, and his property has been attached to recover the amount. Nbw York, October 28.—1. S. Playtt, a i : oak manufacturer, and proprietor of the ilitel Vendome, has made an assign ment. Arrangements are being made by which the business will be carried on. Ai iii iiN, N. V., Oct. 28.—The sheriff has taken possession of tho works of the Auburn Wagon company, on executions amouniing t<> T>U> , Oct. 28 —The sheriff today tc i;, ssi.m nt the store of Samuel Pel ton 5: liro., furnishing goods, etc., on an attachment an anting to $78,000. loved the jssets largely exceed ;-b» liabilßiM. New Vokk.. Oct. 28.—Judgment has fed against Vanderhoof, Mor '■>., bankers and brokers, in fa- National Park bank for $66, --resenting an overdraft made on their account in 1883, and which they have since refused to make good. Chicago, Oct. 28.—The Mutual Fire Insurance company assigned today. The company expects to make a settlement in full, having a large excess of assets over liabilities. The cause of the failure is said to be unusually severe losses sus tained during the past year, Kinsev, Kan., Oct. 28.—The Edwards County bank has failed. Its assets are said to exceed the liabilities by a large amount, and tbe depositors will doubt less receive their claims in full. Over Niagara. Niagara Falls, Oct. 23.—The bridge tender ot the railway suspension bridge claims to have seen a skiff containing a man pass under the bridge this morn ing. The boat capsized at the first breaker and the man was not seen again. BALFOUR IN IRELAND. AN OVATION TENDERED HIM AT ACHILL. Tho Wretchedness of thj Natives Makes an Impression on His Callous Heart. Objects ot the American Mission. Dublin, Oct. 28. —Balfour is now in Westport. It ia reported that he ia deeply impressed with the scenes of general wretchedness of the peasanta and prospects of famine. Balfour received an ovation on landing atAchill. He said he was glad to see the* people, and expressed sorrow for the failure of the potato crop. He was glad hft had been able to sanction the con struction of a railway whiuh would give them employment. Anumberof peasants escorted him to the various fishing stations, and after dark escorted him over the mountains. Balfour promised to finish the bridge between the two points of the island and defray the ex penses out of his own pocket. The peasants cheered him and expressed their gratitude. On the road back to Westport, a tri umphal arch was erected at Mulsaney, and Balfour was cheered by knots of people at various points. One of the local priests at Newport said Balfour waa one of tbe greatest benefactors Ire land ever had, and they looked to him to bring peace and prosperity to the country. At Westport, Balfour re ceived a deputation of citizens, headed by a priest, and conferred at length as to the best method of providing relief for the coming distress. The American Mission. New York, Oct. 28.— T. P. Gill said tonight, referring to the statement made in some papers that tho Irish party were indifferent on the famine question: "Nothing could be more erroneous. The relief of distress will form a leading part of our programme, but we also intend to appeal for means of advancing that pol icy which aims at ending forever this periodical recurrence of famine —this periodical throwing of our country upon the charity of the nation—the policy, in a word, of Parnell and Gladstone." For Political Purposes Alone. London, Oct. 28. —The Cologne Ga zette has an interview with T. P. O'Con nor, in which he ia quoted as saying: "The O'Brien-Dillon mission to America has nothing to do with the potato famine, which is the business of the British government. Our only concern is to get money for political purposes. The mission counts upon getting £100, --000." CANADIAN CHAT. The Count of Paris and Party Visit Quebec. Quebec, Oct. 28. —This morning the Count of Paris, Duke of Orleans and suites, visited Ursuline convent and the cardinal's palace. The visitors were cor dially received by the cardinal, Arch bishop Taschereati, who was attended by several dignitaries of the church. The citizens gave a banquet *o the visitors this evening. Whisky Smugglers Condemned. With the view of suppressing whisky Bmßggling in Quebec, Cardinal Tasche reau has issued a letter to his flock on the evila of the traffic. He strongly condemns the smugglers, who are hence forth deprived of the benefits of the sac rament. A Petition for Burchell. Ottawa, Oct. 28.—A cable from Sir Charles Jupper announces that he has forwarded a petition for the commuta tion of tbe sentence of Burchell, the murderer of Benwell, gotten up in Eng land by the lamily of the condemned man. A Money Lender Skips. Chicago, Oct. 28.—The whereabouts of W. S. Wharton, who has been en gaged in the money lending busi ness in this city for several years, is troubling a number of citi zens, and particularly the Chicago Truat and Savings bank and the United States Loan company. For over a week Wharton has not been seen, and his wife and creditors have finally concluded that he has left the city. It is asserted that hia indebtedness will amount to $50,000, nearly $40,000 of which ,c due to the j financial institutions nan ..id above. WILL DIE FIGHTING. Revolution] Rife in Southern Russia. Death Rather Than Serfdom is the Peasants' Cry. Political Troubles Broken Out Afresh in Switzerland. Gladstone Extolls Free Trade—France and Russia Very Chummy—An Alarm ing Shipwreck. Associated Press Dispatches. London, Oct. 28.—The Telegraph's St. Petersburg correspondent says: The secretary of the interior has received a telegram containing alarming accounts of peasants' revolts in the Khartove and Yekaterinoslav districts, in Southern Russia. Nine thousand troops are op erating against the peasants in the Bogodookhoy district, who refuse to be tray their leaders, and declare they will not relapse into serfdom, preferring in stead to die fighting. The peasants are prowling around in armed bands ; firing and pillaging the land-owners' resi dences. They have burned 5000 acres of forest on the river Semara, and have destroyed immense quantities of corn in Bakovotsky. The minister of the in terior has telegraphed the authorities in that part of the empire abolishing all peasants' rights in the disturbed dis tricts. VERY CHUMMY. Prance and Russia Bound by Strong Ties. Paris, Oct. 28.—The religious mar riage of Madamoiselle Mohrenheim, daughter of Baron Mohrenheim, Rus sian ambassador to France, to Lieuten ant Deseze took place today, and was at tended by Madame Carnot, wife of the president, and all the ambassadors in Paris. A crowd gathered outside the church, and as the bridal party came out they were greeted with cries of "Long live Russia!" "Long live Franco I" Gladstone Extolls Free Trade. Edinburgh, Oct. 28. —Gladstone in an address to the workingmen today, ex tolled free trade. He said the results of the last fifty years of legislation have been that trade multiplied live-fold, population doubled and the material, social, moral and political conditions of | the country were enormously improved. QUR Boys Department is replete with all the New Styles. Full stock of Children's Jersey Suits. Popular prices makes this department keep up to boom sales. Best lighted and most convenient place for ladies to select their Boys' Cloth ing. We keep full stock Boys' and Child ren's Hats, and the best 25c and 50c Boys Black Hose in the city; also Boys' Grey and Scarlet wool Underwear for 75c. Cor. Spring and Temple Streets -3sB A YEARS— Buys tbe Daily Hrrald and $2 the Weekly Herald. IT IS NEWSY AND CLEAN, FIVE CENTS. SWISS DISORDERS. The Troable in Ticino Broken Oat Afresh—Serious Blots. Berne, Oct. 28.—The troubles between the Liberals and Conservatives in Ticino have broken out afresh. Another battal ion of troops has been dispatched to assist in restoring order. While the Lugnano Conservatives and Liberals were celebrating with fireworks over the result of the elections, the com mander of the federal troops ordered them to desist. The people resisted, and they were attacked by tne troops. Sev eral were wounded on both sides. The commander is blamed for excess of zeal. A dispatch from Frebourg states that the result of the elections there, Sunday, was productive of much ill-feeling. The Radicals accused the Conservatives of falsifying the ballots. Charges and countercharges were made today. The trouble culminated in serious conflicts. The Radicals' reports from Lugnane state that fighting occurred today be tween troops and disaffected Liberals. Some blood was shed. The Federal council unanimously rejected the appeals made by the Ultra-Montaines of Ticino against the popular vote ta'*en October sth, last, when the majority declared in favor of the revision of the constitution of the canton. ALARHING IF TRUE. An Emigrant Ship Lost With TOO to 1000 Passengers. London, Oct. 28.—1t is reported that a vessel with 700 emigrants on board has foundered off Cape St. Vincent. Warsaw, Oct. '38. —The papers here have accounts of the foundering off Cape St. Vincent of a steamer carrying 1000 Russian emigrants, bound for Brazil. CABLE FLASHES. The King of Belgium has arrived at Pottsdam. Letters of recall have been sent to Seflor Freitas, Portuguese Minister to England. The coroner's jury in the case of Mrs. Hobbs, rendered a verdict of murder against Mrs. Piercy. Allard, a Prussian journalist, fought a duel near Tours. Saturday, was ahoi in the stomach and has since died. Advices from Mozambique state that the British gunboats safely ascend. J the Shire liver and entered the fttio river. The official report of the Dutch gov ernment says the coffee harvest in Java is only 95,400 pikals. Rio Janeiro re ports the Brazilian crop very abundant The British bark Hazelbank, Captain Manaon, from Tacoma, June Ist, for Hull, England, sank in the English channel. The crew has arrived ut Dover. The Berlin National Gazette alleges that Professor Koch, having discovered a cure for consumption *">" inor"itatfrr>, will devote himself tc . mmenti with it.