Indiana State Sentinel, Indianapolis, Marion County, 5 July 1893 — Page 9

SECOND PART. PAGES 9 TO 12. .vi ESTABLISH EI) 1821. ONE DOLL All A YEAR. INDIANAPOLIS, WEDNESDAY MORNING, JULY 5, 1893-TWELYE PAGES.

AH EXTRA SESSION

Call to Congress to Meet Monday, Aug. 7, To Deal with the Financial Situation. President Cleveland Issues a Proclamation. HE LEAVES THE CAPITAL For an Extended Vacation at Buzzard's Day. Some Members of the Cabinet Also Take a Rest. Salutary Effect of the President's Decision, Which Was lJetermlned Vpoii ni Yesterday's Meetluc tf the Cabinet Representative liynuiu Grat I lied ut the President's Action and Says That the Sherman 1m vr Blast Oo Other Favorable Opinions Concerning President Cleveland's Action The Situation Much Easier at Xew York. WASHINGTON', June 30. The president left at 4:30 this afternoon over the Pennsylvania railroad for Buzzard's Bay. He will be absent from the capital three weeks or more, his stay depending upon circumstances. Secretary Lajnont accompanied the president as far as New York. The president's determination to leave the city was only reached this morning, and his departure so suddenly leaves a number of important appointments agreed upon unsigned and many senators and representatives who have recently arrived in the lurch. It is understood that the president will transact only the most urgent public business while at Buzzard's Lay, and that if official announcements are to be made they will be given out at the executive mansion In Washington. At 6 o'clock this evening the following proclamation was issued: "Executive Mansion, "Washington, D. C, June 30. 1SD3. "Whereas. The distrust and apprehension concerning the financial situation which pervades all business circles have already caused great Ios and daixage to our people and threaten to cripple our 'merchants, stop the wheels of manufacture, bring distress and privation to our farmers, and withhold from our workingmen the -wage of labor; "And whereas. The perilous condition is largely the result of a financial policy which the executive branch of the government finds embodied in unwise laws which must be executed until repealed by congress; "Now, therefore. I, Grover Cleveland, president of the United States, in performance of a constitutional duty, do, by this proclamation, declare that an extraordinary occasion requires the convening of both houses of the congress of the United States at the capitol in tho city of Washington on the 7th day of August next at 12 o clock, noon, to the end that people may be relieved through legislation from present and impending danger and distress. Ail those entitled to act a9 members of the Fifty-third congress are required to take notice of this proclamation and attend at the time and place above stated. "Given under my hand and the seal of the United States, at the citv of Wash Ington. on the 30th day of June, in the year of our Lord one thousand eight hundred and ninety-three, and of the independence of the United States the one hundred and seventeenth. "GROVER CLEVELAND." The president had left direction for the Issuance of the proclamation before his departure for Gray Gables. The de termination to call the extra session the first week in August instead of the first week in September, it is understood, was only definitely arrived at at this morning's cabinet session after giving full weight to the numerous telegrams received from all parts of the country urging this course. Another consideration which caused the president to change his mind was foreshadowed in the remark made by one of his cabinet officers two days ago that if the president received reasonable assurance that there was a likelihood of a prompt repeal of the so-called Sherman silver purchase law he might be disposed to call congress together earlier than he had announced. It is inferred from the fact that the president has done so that he considers he has obtained the assurances he desires. Most of the cabinet have followed the president's example and left the city or are leaving the city for vacations. Those who remain say the president's proclamation speaks for itself and decline to discuss the situation further. THE TALK AT "WASHINGTON. Representative Hjnum Will Vote to Kepeal the Sliermnn Law. There seems every reason to believe that all the speculations as to the time of meeting of congress indulged prior to 1 p. m. today were guess work pure and simple. Some of them, as it turns out now, were very lucky guesses, and others were equally unfortunate. It Is almost conclusively established that the calling of an August session was not even determined upon until after midday today and consequently could not' have been communicated to any person In confidence or otherwise days in advance. The plain facts appear to be that the disturbances of values arising from the uncertainties of the situation grew so alarming that Mr. Cleveland was compelled to acknowledge that the "unexpected contingencies necessitating an earlier meeting of congress," which he spoke of In hU celebrated interview of June 5, had arrived. The action of the British government In India brought matters to a crisis. Previous to that startling event Mr. Cleveland had manifested a determination to adhere to his plan of calling congress In September. After the suspension of silver coinage In India the president resolutely declined to speak further about his intentions until he should be prepared to act, and each of his cabinet officers maintained simitar silence, it may be stated, however, without vlolatcoLef the ccrdj;cc that fruui tin

when the announcement of the action of India was made the president took steps to keep himself forewarned through the press dispatches of the slightest approach to a panic in the money market, prepared at any moment to take the tourse which he has now adopted if it

seemed to him that his so-doing would in any way tend to allay alarm and restore publia confidence. When, today, he found telegrams on his table not only from the eastern and middle states, but also from the South and even from some of the silver states urging that congress be called together at the earliest day possible to end the uncertainty, he determined to delay no longer, Put, even in taking tiis action, the president took steps as far as he could to prevent its being known before the stoek exchange closed so as to avoid any appearance of exercising any undue influence on the stock market. "fr. Ilynum and llronn Tu lk. "It is a good thing." said Mr. Rynum of Indiana, "and I believe it will result in the repeal of the Sherman law, at the door of which most, if not all. the present financial trouble can be laid. The earlier congress repeals the Sherman act. the better it will be. I believe it can be repealed and fail to see any great difficulty in wipping from the statute books a law which everybody condemns and noboly favors. Indiana is for repeal." "I voted against the Sherman act before and will vote for its repeal now," said Mr. Brown of Indiana. "Mr. Sherman's law has been terribly expensive to the country at large. The Sherman act, it is claimed, was passed to prevent the enactment of a free coinage bill. It would be nearer the truth to say that it was passed to keep Mr. Harrison from vetoing a free coinage bill and appearing before the country as an opponent of siHer." The president's proclamation, its efects and the probable result on the action of the coming congress was the leading topic of conversation in the hotel lobbies tonight where politicians are accustomed to gather. There was a noticeable increase in the number of members of the next house, the report having drawn them to the news centers where they discussed the matter from every point of view. The action of the president, it is apparent, meets with the commendation and approval of most of the members and politicians now in the city, and the opinion is almost general that the Sherman act will be repealed. This proposition is not refuted probablv for the reason that the free silver men who will conduct the fight against the repeal have few members now in the city. The free silver men, however, will oppose any attempt to repeal t li - Sherman livv with all their strength. The fact that the great mines in the west have let-n closed will be utilized as a weapon with which to force any wavering members in their ranks back into the fold. Senator Yoorhces Impresses Himself. The effect of the announcement upon senators and representatives in the ity was very marked. Senator Yoorh-es, chairman of the finance committe, first k::ew of the president's act when informed by an Associated Press representatie. He was not iirpris-d. "That being the case," said the senator, "it will not be long before we are again at work. Inasmuch As congress has to deal with this subject of finance it is well that we get about it. and the sooner the better. I do not know that congress can or will bring relief to the country, but it is our duty to make the effort and the condition of the country certainly demands, to my mind, very prompt ar.vl decisiveaction, especially in view of that fact that everybody seems to be depending on congress fur a solution of our financial troubles. I think the pre.-id nt has acted wisely and I have no doubt that as soon as congress gets to work it will repeal the Sherman act. I voted against the bill when it came up on a yea and nay vote when it passed, and told the silver men who supported it that it was not the legislation needed for silver and they would live to regret the day they supported it. The day has come. I. for one, shall vote for its repeal. It must not be understood, however, that I abate a single Jot or tittle of my adherence to the coinage and use of silver as money under proper regulations for its parity with gold." . Senator Harris, president pro tern, of the senate, could not be seen personally, but from one to whom he had spoken relative to the calling of an extra session, it is learned that he expressed the belief that the sooner it was done the better it would be for the country. Representative Dockery of Missouri declined to discuss the probable action of congress when it came to do with the money question. "I can express no view upon the subject." said Mr. Dockery, "for the reason that I have not talked with enough members to know whether the Sherman law can be repealed or not. Unless I knew what a canvass would show, it would be foolish for me to make a prediction. So far as the action of the president is concerned, I think it is eminently proper under the circumstances." WASHINGTON, July 1. The opinion held by a number of congressmen is that the extraordinary session called yesterday by the president will not be a lengthy one and that financial matters alone will engage its attention. Prominent among this class is Gen. Wheeler of Alabama. "I see no reason," said Mr. Wheeler, talking upon this matter, "why the country should be burdened by a long and tiresome session of congress with Its attendant debates and set speeches. The president has called them together by reason of the gravity of the money question and that alone. The people have tested the virtue of the silver purchasing act and now they should be given an opportunity to observe the working of its result. There are numerous members of congress who believe it would be wise for congress, as soon as it organizes, to pass a resolution giving the president authority to suspend the purchase act or deal with it as he may deem best. Congress could then adjourn at once, the relief demand by the people having been granted. Then when congress convened in regular session in December the financial question could be dealt with intelligently and with deliberation and in the light of the result of four months' work under the policy the president might, under the resolution inaugurate." Cm the other hand Representative McMlllen of Tennessee, who is regarded as one of the democratic leaders of the approaching session, holds to the view that the session should begin at once the" work which must come before the next congress. He thinks It would be much more preferable to have a continuous session and an early adjournment of congress about May. If only a short session is held now the regular session, which meets in December, would be long drawn out and the tariff legislation would go before the country at as late a day as did the McKinley and the Mills tariff bills. It was this very thlni; that the president desired to avoid when he Issued his first proclamation announcing that an extra session would be calWf some time in September. Mr. McMillan said that the next congress was certain to accomplish two things. The tarLT U ws would be revised and the law compelling the attendance of deputy marshals at the poles would be repealed. The unsettled and panicky condition of finances must 1-6 most carefully legis,'a.tsd u-a:: iid .1. confidence ;? tiis

people restored, but in what way this was to be accomplished Mr. McMillan was unwilling to say. Gea. Warner's Views. Gen. A. J. Warner, president of the bimetallic league , today sent to the members of the executive committee a telegraphic inquiry as to what date would best suit them for a convention and suggested July 25 and the place Chicago. All the replies were favorable and the matter was left in Gen. Warner's hands. ' In an interview today Mr. Warner said that when it was found that the last congress would not repeal the Sherman law, it was given out as coming from the white house that an object lesson would be afforded the people. Acting In the first instance under the influence of foreign bankers and gold monometallists, said Mr. Warner, Wallst, and the banks generally conspired to produce a condition which was attributed to the Sherman law, with a view to creating a public sentiment which would force a repeal of the act. The banks are now finding that the gun they loaded for others kicks backward and that they themselves are leing punished by the conditions they helped to create. The truth is there Is no want of confidence in money itself, but there is a fepr lest the prices continue to go down till debtors will not be able to convert property into the necessary money with which to pay duties. Referring to the proposed repeal of the Sherman law. Warner said it would not be repealed without a desperate fight, "and." he continued. "I do not think it can be repealed at all without a satisfactory substitute. Silver men don't propose to let go the hold they have until they are assured of as good or a better one." KO POPtLIST IDEAS

Will Govern Our Financial Legislation. WASHINGTON, June 29. Secretary of the Navy Herbert, who is thoroughly familiar with the populist movement in the South, sal 1 today that he thought the populists were not now making any progress in the country, and that the teachings of those engaged in the agitation would not have any influence in shading the policy of the democratic pai ty. "In Alabama." he said, "there is still considerable activity among the populists, growing out of local causes anu local in its effect. The populists In that section claim that thev were not given a fair opportunity In the last two democratic conventions; they were r.ot satislied with the rulings, the organization of the convention and the like; and they are now fighting that over again. Indeed, a larse number of those who opposed the regular organization iu Alabama do' not claim to le popull.ns, but still claim to be democrats. This quarrel causes considerable disturbance, but it is entirely local, and in spite of this added Interest the movement appears to be falling off in Alabama, and in other parts of the South the party's disintegration is more apparent." "Io you think the demands of th" 'populists and tho,e representing that general idea will strongly influence the policy and action of the democratic party?" was asked. "No; on the contrary," the secretory replied, "I think that the element which has been drawn off from the democratic party by the populist movement has left the party organization through the !:outh much more strongly in the control of the conservative clement. Those who advanced the untenable doctrines of the populists on the money question have formed themselves into a third party, which democrats have to recognize as an antagonistic party. They can no longer advocate their theories in the democratic councils, and as a third party they are not strong enough to be dangerous. That party organization which determines the nominations of democrats to congress and takes part in the making of presidential candidates and presidents will be all the more apt to adhere to sound democratic princi ples and stand by a sound financial policy. In other words, the loss of those who have gone into the third party places the democratic organization more in harmony with the policy of the administration. It is on this organization that our men In congress will have to rely on at home for their nomination and election." "What do you think of the present situation as to silver?" "I think that the stoppage of the coinage of silver In India is the greatest blow that has been given to the Sherman law and to the free coinage of silver. The free coinage of silver in India has been pointed to as an object lesson by the advocates of free coinage in this country. For ten years men in congress have drawn one lesson and another from India, looking at it from different points of view. It has been urged upou the farmers that India had an advantage over the United States in a higher price for wheat because the currency In India was all silver. Ignoring the fact that while they might get more for wheat In their own curreucy. the price in gold was no greater and the commodities they bought with the money they got for their wheat had to be paid for on a gold basis and still further overlooking the loss through high exchange, another argument often repeated still in support of free coinage in this country. But the converse of this has been for years that the reason for the heavy cost of ex change between India and England was that it was kept up by England for the benefit of English merchants that they might sap the . very life out of India, Now the coinage of silver there Is vol untarily stopped with the consent of In dia, and it tumbles over both these argu ments that the silver currency was a benefit to the farmers of India and that the exchange was on a system for the benefit of England." "Do you think the sliver question pre sents a serious danger to the democratic party at this time?" "I think we have reached a crisis and that the party in power will be Judged by the wisdom It shows in giving the nation a sound currency." Senator Teller Not Discouraged. DENVER. June 29. Senator Henry M, Teller this morning said: "The action of the government of India ought not to have depressed silver to the extent that it seems to have done and I think that the fall in silver has resulted largely from a misapprehension on the part of the people of the East as to what action the Indian government will take. I no ticed In the papers of Tuesday that Mr. Leech and Mr. Cannon are reported as saying that India will cease to take sil ver. The fact is if the mints are closed to private coinage It Is the intention of the Indian government to purchase sll ver and coin it on account of the govern ment in the same manner, practically, as we coined under the Bland act. and this is no reason to suppose India will not take as much silver In the next year as it took in the last. Many friends of silver tolievc that that will fOALU the

India council to sell its council bills at a stipulated and fixed price and thus prevent the fluctuation of silver. Now if council bills are to be sold, as the press

representatives say the scheme is, at 1 ! shilling and 4d per rupee, which is more than they have been selling ut heretofore for some time, it ought to make silver not only more stable, but higher than It has been for the last ten days. There is no possibility of the Indian government gold standard with gold as the circulating medium. It is impossible for them to do that. The British government twice tried that and it has failed. The statement made in the public press that they propose to give a gold standard without a gold currency means that they propose to take the rupee on a gold basis as to its value considered as bullion, In other words, they would take the rupee Instead of at 47c, its mint value, at S2c. which would be about its gold value. I do not consider the action of the Indian government as alarming as most people seem to think it Is, and I think it will end In the repeal of the Sherman bill." EASIER SITUATION AT SEW YORK. Hankers Takln? Out Clearing House Certificates Other News. NEW YORK, June 30 The money market today was the center of attraction in financial circles, rather than the stock market, as a result of the united action of some of the banks represented on the clearing house committee. The situation is reported to be much easier in consequence of the prompt seps taken by those banks to avert a money panic. This morning a well-known financier, himself a director in more than one large national bank, speaking of the action of those bank presidents to a reporter, said: "The action of Messrs. Simmons. Tappen. Cannon, Baker and N'ash yesterday In taking out clearing house certificates for their respective banks is highly commendable. These gentlemen will probably be critlcised by some people for 'catering' to Wall-st., but, in times like the present, it is of the utmost Importance that the stock market and money market should bo kept in a normal -condition. For notwithstanding the cry against the "street. it Is the life blood of the whole country. and if it's dammed up or the stock exchange is closed, as was the case in '73, it brings untold disaster upon the coun try. Th; free movement of stocks en ables the banks to resort to their call loans and owners of securities are afforded a quick market, whn'i in these times is very desirable." John Stewart, president of the United Slabs trust company, said: "I thinli inon'-y next week will be comparatively easy." The batiks which took out certificate's freely lent the money thus made available without decreasing the- cv.sh in their vault 'is was shown by their debtor baiarc es , t the clearing house this morning, vhwh of eourse, were, paid In loan certliicab s, which had to be taken by the banks hair.g credit balances. These debtor balances were as follows: Gallatin national bank, J327."K0; Fourth national bank. Stt,fMo; F!fi national ban".;. fl.oM'UMiO; Chase national bank, $3G3,'.m)0; Corn exchange bank, 27x,0'.)i. The two batiks, the presidents of whic h are' members of the clearing honse l.wn committee, but who did not Join with their conferees In taking e.ut any loan certificates, are tin; Importers and Traders' national bank and the Chemical bank. G. G. Wilhams, president of the last named bank, said this morning in explanation for doii.g so, that the Chemical bank was not so closely connected with Wall-st. as the banksNvhich had taken oat ce rtineates, although it lent motK-y in Wall-st. and had perhaps as much as some other banks to relieve the monetary stringency. "In fact." said Mr. Williams, "our loans at present are J.'Wa.ouo. which is more, I think, than the loans of any either bank and is enough to have out. We have ST.OOM.OOJ in cash and really do not need any certificates. I heartily approve, however, of the ait..n of those backs which took out certitlcates yesterday and voted in favor of it. The result was undoubtedly very beneficial." The banks took out $4.475.000 of loan certificates today, the balance of the jy.CM.iX'U authorized yesterday and in addition to that the clearing houso loan committee authorized $1,500,000 more at their meeting today, which will probably be taken this afternoon, making the total amount issuxd to date $17,rM),000. The rate for call money this afternoon prior to 2 o'clock was 33 per cent. Many loans, however, were renewed until next Wednesday at rates varying from 20 to 25 per cent. One of the banks which took out loan certificates today bought some first-class commercial paper at from 10 per cent, for bills receivable and at from 15 for single name paper, according to time and character. It was said that there was not much commercial paper offering and It was argued from that fact that merchants are in fairly good shape. Bank officers reported that the demands from the country were much lighter In amount, but the applications were very generally distributed. It was noticed that only very short time paper was being received and that was believed to indicate a belief that the strain was about to end. No extraordinary shipments of country currency were reported up to midday. No extraordinary currency shipments to the country were reported this afternoon by the banks and at the sub-treasury it was said that there had been no legal transfers of money to the country. About $200,000 notes of small denominations had been exchanged for gold, of which only $50,000 were for the country. Britain's Grip on Gold. The feeling of confidence here was Increased by the quotations from London, where all American securities were higher. Despite this indication of confidence across the water in this country's securities. Great Britain seemed determined to hold on to her gold. Efforts of local firms to secure any quantity of it had 60 far been unsuccessful. The result of the recent attempts of Kuhn, Loebe & Co. In this direction are typical of the situation. There was a report on the street that this firm had intended taking $5,000,000 of loan certificates and Investing the amount in British bullion for transfer to America.. In part the report is correct, but only to the extent of the endeavor of the house to get gold abroad. Mr. Jacob Schiff of the firm explained It in this way: "We do not want ig get gold from the London market, but we have been trying to buy on our own account." We have not attempted to get any of the loan certificates. But for some time past we have tried to purchase gold in London. Of course we do not go direct ,to the Bank of England, but to our customers. We cannot get American bar gold as it Is not to be had In the market to any extent Just at present, at least. We can get English sovereigns but do not care to taki the gold in that form owing to the exchange. It is quite true that we have so far been unable to buy over there what gold we, want. The President's Action a Surprise. President Cleveland's action In call, lng an extra session of congress for Aug. 7 next, thirty days ahead or the time generally expected, was a decided surprise In financial circles. At first llje report was not credited for the reason I bat ever eluce ths crij's 1 the :'.'.rtr

and money markets there have been almost hourly rumors about an extra session. The reports have hen denied time and time again and Wall-st. became so set in its opinion that even when It was definitely announced Ute In the day that the call had ben issued the correctness of the advices was questioned. When finally bankers and stock operators were convinced there was a decided feeling of relief and the consensus of opinion was that the tendency of financial and commercial affairs would henceforth be in the direction of improvement. A special meeting of the chamber of commerce has been called for 1 o'clock next Thursday to demand the repeal of the Sherman silver purchasa law. A Washington Fpecla! to a news agency hre says: "Senator Voorhees, chairman of the senate finance committee, saw the president yesterday and In diacussin the silver situation later said: "I am in favor of the immediate repeal of the purchase clause of the Sherman act. I do not say anything about conditions being attached to the repeal. The matter of conditions is something to be taken up afterw ard. I have not abandoned my belief in th-3 use of silver as money. I never vas In favor of the bullion purchase clause of the Sherman act. I consider it fraudulent and deceptive legislation, which simply reduces silver to a commodity and Issues shinplasters on it. We might as well buy and store up cord wood. That clause should be repealed .at once." MR. IIAKItls() LOQIACIOIS.

The Ex-President Discovered Talking Again Yesterday. NEW YORK. June 80. Ex-President Harrison when seen at the Fifth-ave. hotel tonight and asked as to his opinion on President Cleveland's call for an August session of congress was very loath to talk at all on anything connected with silver. In response, however, to a question as to whether he thought Mr. Cleveland's action wise, he said that, presuming the latest dispatches contained correct information, It was about the only thing Mr. Cleveland could consistently do. "If he thinks." said the ex-presldent. "that the country is in a state of strangulation and that he has a remedy, why, the sooner he applies it the wiser he will show himself. If he thinks that he can give the leeessary relief he had better lose no time. The cry Is that there is not enough money. I think that there Is plenty if money but that people are holding on to what they have got and hoarding It. "I am not prepared to say whether I think that an August pension of congress will restore confidence, which is said to be demoralized. There may le serious obstruction. I cannot tell what may be the extejit of Mr. Cleveland's knowledge on the subject, but I knowthat they would not have repealed the Sherman law for me. I think that perhaps altogether too much of the muehcomplained of stringency has been loaded upon the Sherman law. There are a great many other causes which have contributed to the prevailing state .t affairs. The load 13 altogether too great. "In the first place the law was enacted by a majority of senators and representatives of whom many were outspoken advocates of the fret coinage of silver and many thought that its effect would be to pl-.ic silver at $1.29 an ounce. The democrats were entirely responsible for that and I am sur- that whatever -Mr. Cleveland may be abl- to do with congress, they would not have repealed the law for nie. There Is the entire South, with three exceptions, er about three, solid for silver. I cannot say how much control Mr. Cleveland has over congress this wild team. People think sometimes that it Is all with the driver, but it is not, and if he has not got the team to go with him he can do nothing. "Congress may refuse to repeal the Sherman law. I cannot tell. But in any event there w ill be an obstructive minority and congress may add some objectionable features In its place. Of course that would not be my fault or yours, or Mr. Cleveland's. If Mr. Cleveland thinks he has the remedy for certain and that he is able to apply it why did not he elo so before? Why did not he call an extra session of congress last April? "If you find a man hanging with a rope strangling him and cut It with a knife that is ail right. But if you wait until the next day and then use your knife you are open to serious criticism. That is all I care to say on the subject." othig Monr: to say. The President's Arrival at York Lumont Talks. NEW YORK, June 30. President Cleveland, accompanied by Secretary of War Lamont, Mrs. Lamont and Miss Lamont, arrived here at 10:30 o'clock tonight. "I have nothing at all to say now," the president said. "I have issued a proclamation calling congress together on Aug. 7. In that I have given my reasons for doing so. and that is all there is to it." When asked where he was going, the president said he did not know, he could not say whether he would remain In town or not. With Col. Lamont and Dr. Bryant, who met the party, the president entered a coach and drove to the ferryboat for Cortland-st. Mrs. Lamont and her daughter went over by the Debrosses-st. ferry and to their homes. On the boat Col. Lamont got out of coach and talked with the reporter. He said. "The president has called congress together and can do no more now. In that the president has given his reasons for doing so, and his views on the situation. I am in favor of a repeal of the Sherman law and do not favor free coinage as a substitute and the president holds the same opinion on that matter as myself. There have not. been any personal appeals to him for an early session, or opposition to such from silver men to speak of." "Mr. Cleveland." continued Secretary Lamont. "is going directly on board Mr. Benedict's yacht, which is waiting on the East river oft Twenty-sixth-sL Mr. Benedict is on board, and they will cruise slowly along the sound, reaching Buzzard's Bay Sunday evening or Monday. He will remain there about three weeks. Dr. Bryant will accompany him. I expect to remain in New York until Monday, perhaps longer." Col. Lamont said that he knew nothing of any midnight conferences on the yacht Oneida between thep resident and New York bankers. It was said that such a conference was to be held but Col. Lamont denied it. He said that so far as he knew. Secretary Carlisle was not coming to New York. In Commons. . LONDON, June 29. Further inquiries were made in the house of commons today regarding the effects of the action of the Indian government in stopping the free coinage of silver. In response Mr, O. E. Russell, parliamentary secretary of the Indian office, said that neither the government of India nor the Herschell committee expected prices In India to be materially altered under the new cur rencv arrangements. The right Hon. George J. Goschen, who was chancellor of the exchequer In the last cabinet of Lord Salisbury, asked whether the Herftchell committee and the government had been prepared for the ersat fil h lradv wm-rci n

the price of silver. Would not. he Inquired, the fall modify the views of the government end the committee? Mr. Russell said he could not answer for the Herschell committee. With regard to the government he would leave Mr. Goschen to form his own opinion. Mr. Gladstone said that the government had the Impression that there was no likelihood of any such serious fall 1:Y the value of the produce In India. In case a fall should occur he would ieadil state tho view of the government. Several members of parliament, who peak with authority or. money questions, were interviewed this evening concerning the prolable effect of Irci' new attJtude toward silver. Sir Wills m Houldsworth. the moving spirit In the bl-metallic league, said that India's action in closing her mints to the free coinage of silver would steady exchange and thus relieve of much difileulty the trade between Lancashire and the Indian ports. William Crane, who has traveled much In India and has written a book concerning the country ar.d its people, said he wes inclined to thirk the direct effect of the Indian government's action would be small in India, as prices there were fixed mostly by custom. Unless a panic should come, the majority of

the natives would never know that there had been a change. Poster Ilrenka Oat .Igaln. TOLEDO. 0-, July 1. Ex-Secretary Charlys Foster passed through this city on Saturday from a week's sojourn In the woods of northern Michigan wh re he has been rusticating. In an interview on the call for an extra session of congress Mr. Foster said: "It is the first time since the war that the democratic party have had the whole responsibility of the government. It has been a party of negation but muse now assume the position of the affirmative party. "What will be accomplished by the extra session is hard to foreshadow. It's really hard to tell what thy will do. There are three things, which if the democratic party would do (but which they will not do) would stop this business depression Inside of sixty days. 1. Repeal the Sherman law. 2. Liberalize the national bank issue. 2. At the first day of congress pass a resolution not to Interfere with the tariff. The tariff has more to do with this business depression than most people Imagine. These industries of the country are In doubt as to the effect a change in the tariff would have uion their buslne-ss." Again In returning to his business affairs. Mr. Foster continued, "It's hard to realise that In six months a man -can pase from the height of presperity to adversity." Governor Ilnuser Talks. HELENA, Mont., June 2?. Ex-Governor Hauser, chief owner of the Helena smelter, which Is turning out alKtut $300,000 In bullion every month, says it will not close, as there Is enough gold and lad In the Montana to keep it running in spite of the low prices of silver. Ilauser says the prefnt situation will cans reaction In favor cf silver. Every silver mine that elopes down reduces the production of gold from 25 to 4' per cent. The result will be ontraction eif gold product to less than $o5,yoO,0'H) per annum, an amount which is .consumed every year In the arts alone. Money will become scarcer, geld go to a premium, and this scarcity will eoinpel an increased use of silver. Hauser thinks the next congress will repeal the Sherman law and pass a law for the coinage of three" or four millions of silver per month on increased ratio. Hauser is one of the largest mine owners In Montana. Smelters Refuse to IJuy Sliver. SPOKANE. Wash., June 29. Coeur d'Aline mining men now In the city re port that smelters all over the country have refused to purchase any more silver ores on account of the low price of silver. A. B. Campbell, chief owner of the Gem mine, where a strike is on. telegraphed today to Wallace to close the Standard and Union mines. Campbell thinks all but half a dozen of the silver lead mines in the country will shut down within the next ten days unless a radical change occurs. Mines Close at Aspen. ASPEN, Col., June 23. The famous Mollie Gibson mine, the greatest silver producer in America, closed down fcist night and unless there Is an advance In the price of silver or some plan agreed upon by the mine managers of Denver, mill not operate until such a time as It will be justified in doing so. There is not left in full operation a single one of the big properties and it is the opinion that the smaller ones will close by the end of the week. The total number of men laid off here yesterday was 463. Ohio Democrats Perplexed. Ohio democrats are perplexed. The extra session; of congress is called for Aug. 7, and on the 9th of the same month the Ohio state convention is to meet. Many of the Ohio congressmen are delegates to the convention or would like to be present. Col. Ike Hill, deputy sergeant-at-arms of the house, has telegraphed the chairman of the committee placing before him the awkward situation of the Ohio delegation and requesting that convention be held either two weeks earlier or later than the date set. LIFE-SAVING KITE. Frof. Davis' Happy Invention Given a Successful Trial. NEWPORT, R. I., June !9. Prof. J. Woodbridge Davis of New York is in luck at last with his life-saving kite. The inventor came here some time ago with the approval of the life-saving service and attempted to fly his kite. Wind and weather were against him and he left his apparatus with the keeper of Brenton reef light ship, who has made a very successful test and forwarded full particulars to the Inventor. For a long time Keeper Fogarty of the light ship has been waiting for a favorable opportunity to send the kite ashore to Brenton's Point, but owing to the failure of a sufficiently strong wind from the Southwest had not been able to make a trial until yesterday. This trial was to seaward, the wind being from the north and blowing at about twenty-five miles an hour. The tide was against the kite, but, though what is known as a forty-mile kite, that is one Intended for a forty-mile blow was used, the experiment was a very successful one. Two hundred fathoms, or about a quarter of a mile of five-Inch hawser was run out in twelve and a half minutes, the time for each fifty fathoms being respectively two and a half, three and four minutes. A General surprise. Although tipping has long been known even in the rural parts of this country' where there is any considerable negro population. It is still a refreshment and delight to tip the occasional unspoiled negro to whom the custom is unfa miliar. He accepts the gift with a Joy and surprise that register themselves in face, figure and voice. Eyes and teeth play a .specially Important part in the demonstration, and the white man who has had for the first time the good fortune to evc4te all this goes away with the feeling that it is truly more blessed to give than to receive. Chicago Herald. For good health so Trtt'a Till

LOVE BEFORE

GOLD

Blanche Culbertson Foriuna Aside. Pats Discards C'apt. McKay of the English Army. AND WEDS LEIGH FRlNCH. Culmination cfa New Albany Girl' Ivomunce. Resisting tho Entreaties of Her Own Family. Me Mnrtir u Aonnj; Adventurer Wliose fhad tarcer In l!e Past Caused Her IV-l'aer to Diiinlnrlt Iler it Me Mnrrinl I'rruiu itltia Teu W-ar After iLe .".lilliouaire's Drutu. LOUISVILLE. June 7. Pl-cing in Jeopardy a fortune ? upward of a million dollars. Miss Llanche CulX-rison. the beautiful daughter f the late V. S. Culbertson 'f New Albany, yi -terdy fol-1-ed the dictates of her heart .'end the entreaties of her b.-tr.thed and was united to Mr. Lvigh HU French of Minneapolis. Tiie ceremony took place in the Second prebyterbiti parsonage near the mansion built by Mi 3 Culbertson' father, but to which she is an unbidden guest, and the house in which she was born i t fues to receive her. After th wedding Mr. and Mis. French took rooms at the Louisville hotel. The marriage H the eulmiiiatl'Ti of a long courts Lip und Is no: devoid of romantic features. Shortly aTter her betrothal Miss Culbertson's fathet died and in his will was a codicil by which bis daughter Blanche was disinherited if she married Mr. French within a period cf ten years from the time of his death. It was further provided that she tliould marry' no one without permission of the trustees of the will. In the meantime Miss Culbertson apparently forgot her old lover and became engaged to Capt. Djnald McKay of the English army. Suit was brought to set aside the codicil e f the will and the family promised -no opposition so that she could get her money. A short time ago Miss Culbertson nivt her old lover in Chicago. The flame was rekindled and she discarded her English lover. She returned home and Mr. French followed. The family refused to se-e them and the tnarriage tolay was the result. It is thought that the codicil of the will will be set aside at the October term of the New Albany circuit court. IIARUISOV AT M:W M1UK. TU :-I'reilil-iU IVIli ll.v Pntriotio licpiiblicHUN Arc. NEW YOUK, June 'S K -President Harrison armed in this city this afternoon accompanied by Mrs. McKee and her little son. His d-iugater left by the Fall River boat for E .-ton ar.d he we-it to the Fifth-ave. hotel, v. he re hs will remain during his stay in town. The ex-pre$Ue-nt sail that ho would be ia New York until Monday, when h? leaves for Cape May, where hi will spend July and August. "And after that wh.it will you do?" "I shall return hoic early in September," he said. "I desire to be present at the national encampment of the G. A. lt., which is to be htld at lndianajolis, Sept. 3. I am to entertain some friends there then." He said that he would probably bi in Indianapolis until the middle of February, when he is to go to the. Leland Stanford university, where he gives a course of lectures on constitutional and international law. "I expect to devote part of my time at Cape May this summer to brightening up my knowledge of these legal subjects," said he. "After the passage of the Sherman silver law silver sold at 123. now it Is C2. How do you account for the shrinkage?" "I would prefer not to discuss that subject now," was the answ er. "But everybody knows that the Sherman law was only an experiment. Sherman, Aldrich and many other republicans recognize that fact and the Sherman silver bill was passed in preference to something worse." "It is very Interesting." went on the ex-president, "to note the attitude of our democratic friends at present. They are appealing to the republicans to be patriotic an appeal which we have seldom failed to respond to. but previous to the passage of the Sherman law, when the republican administration was struggling with the financial question the great aim of our democratic friends was to put Harrison in the hole I don't say this to excuse republicans from being patriotic now and helping out the present administration, but only to point a contrast." "Do you expect the Sherman act to be repealed?" "I don't care to speak about that. I don't know how well In hand the presi dent may have his wild team, which he is driving." In answer to a question as to whether he attributed the present financial crisis to the effects of the Sherman law, he said that he thought a great deal more blame was laid at the door of the Sherman law than it deserved, but that it repeal might tend to restore public confidence only by working upon the imagination of the public. He expressed himself as having confidence in Governor McKinley' re-election. He refused to talk either upon the probable repeal of the McKinley law or the ;ardoning of the anarchists. Ancient Ktlqnette of loves. In the middle ages etiquette with regard to gloves w as far more stringent than at present. For Instance, no one was permitted to enter a church wearing gloves, which were considered Just as much out of place as it would nowadays be to remain in any sacred edifice with a hat on. prompt relief In sick headache, dizziness nausea, constipation, pain In the side, guaranteed to those using Carter' N'tlo Liver ills.

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