The eagle., October 30, 1895, Page 6, Image 6

About The eagle. (Silver City, N.M.) 1894-1???

Image provided by: University of New Mexico

                
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THE EA(iLK: WEDNESDAY, OCTOBhil SO, !!&.
SHORTAGE IN SILVER.
IncrciiHliiK Inquiry for Silver In Chin
And Jnnan,
The best authorities on silver look for
a steadily improving demand (or the
metal (or some time to come.' The will
ingness of Japan to accept the indemnity
from China in silver contrilmted largely
to the improvement in its price which
has been noted during the last (ew
montliH, and the accumulation of the
metal in London will goon, in order to
complete the installments of indemnity
at various dates o( payment. .
Doth China and Japan are showing in
creasing inquiry for silver, as the large
amounts of the metal distributed by both
countries in payment for war material
and supplies have been diverted to India
and other silver countries.
The recent advance in the price of sil
ver caused by the sharp demand for ac
count of China and ' Japan has estab
lished a scarcity ot the metal. Mr.
Townsend, of the Hong Kong and
Shanghai' Hanking corporation," ex
pressed the belief that any accumulation
of silver at London has already found
employment. London stalistics show
that there has leen a decrease this year
in the importation of silver into Eng
land of 8,000,000 o nces, equivalent to
about 1,000,0000 sterling. This year,
also, there will be a large decrease in
importation of silver into Washington of
')1,000,0J0 ounces as a result of the
repeal of the Sherman law.
This indicates a decrease in the pro
duction of the white metal of about (2,
000,000 ounces. The requirements for
China in silver in connection with the
indemnity payments to Japan will ex
tend over at least two years.
Mr Townsend states that silver or
dered two months ago has only just
Ix'en delivered. The Silver smeller are
said to be sold ahead for Iwo months.
Washington. The appropriation for
the loss on recoinage of worn and tin
current silver coin for the current llscal
year is exhausted ami as it is the Inten
tion of the secretary of the treasury not
to resume at present the coinage of sil
ver bullion purchased under the Sher
man act, instructions have been given
for a furlough without pay of nearly all
the force .employed at the New Orle-ins
mint. The treasury holding' of silver
bullion purchased under the Sherman
act amounts to 1:57,01-1,000 line ounces,
lln-cost, of which was !f 124, 080,:i2:t. If
this bullion were coined into silver dol
lars the profit to the government on its
con, age would lie nearly $54,000,000.
The special dance given in Xewcomb
hall Friday evening was a success from
every point of view. The attendance
was large, the music first class and the
enjoyment unlimited.
The date for the sale oí the Atchison
system has been fixed for December 10th.
That is the sale will take place then if
the parties interested, and especially the
trustees, can get ready. The attorneys
for the trustee, the Union Trust com
pany, of New York, says that they can
have everything in readiness for sale at
that time. The sale will be made at
Topeka, by Judge J. D. Johnson, mas
ter in chancery, and the purchase price
will be paid. Judge Caldwell will be
there, and directly after the sale, the
order of confirmation will be made.
The road will then be in the bands of
the re-organization committee, who will
select the first board of directors. This
board will select the first olllcers of the
company, which will be known as the
Atchison, Topeka & Santa Fe railroad
company. They will elect the usual
officials of the road. Until the board of
directors shall be selected, it is only a
matter o( speculation who the officials
will be.
On October 29, the Santa Fe route
inaugurated new and strictly limited
firsl class service to Southern California.
The California Limited leaves Chicago
at 6.00 p. m. daily, reaching Los Angeles
in three days and Sun Francisco in three
and one-half daw, a saving of half a
day. Equipment consists of a superb
new vestibule Pullman palace and com
partment sleeper, chair car and dining
car, through to Los Angeles without
change. This is the fastest and most
luxurious service via any line to Cali
fornia. Proprietor Graham, of Hudson Hot
Springs, expects to open his new hotel
and sanitarium the first part of Decem
ber, and is arranging to take plasterers
from this city to attend to that, part o(
the work. The hotel will accomodate
from 1Ó0 to 200 people ami has . a bath
house 28x')2. The healing will lie by
hot water from the spring. When the
hotel is ready for opening, there will he
an excur.-ion from El Paso. El Pa-o
Herald.
The ladies of the Methodist, church
will give a supper in November during
court time lor the pnrpo. e of raising
needed fu -.
Sigmund Lindauer of Deming, gave us
a call Monday on his way to Las Cruces.
He say he is going to quit New Mexico,
as the same amount of intelligence and
labor expanded, A'ouid make one an
easier and better living in any other
part of the United States. Rincón
! Weekly.
1 The members of the Methodist church
have placed a handsome upright piano
in the church, which will be of material
assistance in the rendition of church
music.
Charles Bagby, an old tinier in Silver
i City, has rented the corner room in the
i Broadway block ami will open a first
j class saloon there next month.
I EVERYTHING GUARANTEED.
I If you want to dress with taste and
elegance, write anil secure the fluency
j for the Guarantee Tailoring Co., 21o 217
I Grand St., New York. See their adver-
tisement in this paper. They are the
; lending tailors in the metropolis have
j six stores in the United Stales, and are
I perfectly reliaole.
Wm. F. Lorenz,
FIRE, LIFE AND ACCIDENT
INSURANCE. '
NoTAIlY PUIU.H'.
Ofllcc lit I'ost-ofllet).
SILVER CITY, NEW MEXICO.
FLEMING CATTLE CO.
Range :
Fleming aid
vicinity..
l'ostollici .
Silver Citv.
N."M.
: GUADALUPE MENDOZA,
BOOT& .' ;':
!CUOP 'I ,RoM,T,'Y ,,OXF"
O fl C ! I'rliM-s riMisoiiiiMt'. muí
i kJl A 1 T D 11 s"t-lKfiirtMiiiitimrniileeil.
! MAlXUn,'! Sl,l 011 Market SI reel.
r.s
CLARK-
WHITSON
LEITCH music co.
EL '.ISO, TEXAS,
11!) Suit Fmnfimi St.
ALIWQUEHQUE, X. M.,
203 lUtHnxul Arerue. .
Sell reliable goods on easy monthly payments.
Can refer to many families with whom they have dealt.
Tuning of Pianos in Grant county attended to.
Write them for catalogue of new stvle Piano, Twin y