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.