Rensselaer Republican, Volume 26, Number 1, Rensselaer, Jasper County, 31 August 1893 — GIGANTIC SILVER SCHEME [ARTICLE]

GIGANTIC SILVER SCHEME

Another Factor in the Financial Problem. Ex-Senator Smith, chairman of the Snance committee of the French senate, has been in Colorado with a view of investigating the silver situation. He left Aspen for Park City, Utah, Saturday. It has leaked out since his departure that the Bank of France would, if desired, establish a branch at Denver; that such a branch might be controlled by a directory composed of Colorado capitalists, the bank simply sending a manager from Pqris to represent the parent Institution; that they would agree to furnish from 850,000,000 to 8100,009,000 or whatever would be required to carry all the silver produced in Colorado for several years without allowing any to be sold until the price was fully satisfactory. That the rate ot Interest would not exceed 1 or 1)4 per cent, per annum. Propositions could be made at once or as soon as the course of events respecting silver were thoroughly determined In the Us i ted States. France has a deep interest in the future of silver, and will be quite willing to enter into an amicable arrangement with the producers of Colorado whereby both parties would receive mutual benefits. It would not be to the interest of France to enter into an arrangement to depress the price of silver, but on tbe contrary, to sustain it to a proper valuation. There are but twenty large •melters in the country, and if a majority of these were to go into the combination a corner on the silver production of the country could be had. Of course France would not be tbe first to make the propo - sition. but Mr. Smith says if it should come from the other side it would be accepted within less than one week. From the time France got the silver production of tbe United States under control she would dictate the price of metal to England for use in India and compel all the silver-using nations to come to her for money. The scheme finds much favor among the silver producers, and will no doubt take shape if Coi-gress falls to give silver men something better than thb Sherman law. A ghost, supposed to be the spirit of a departed pack peddler, has for sometime haunted the farm of Henry McGuire, ten miles south of English. Numerous depredations were committed by the ’’spook.” Occasionally the ghost was seen by daylight. Last Friday night, a systematic watch was organized, and when the ghost appeared two shots rang out and the apparition fell a corpse. Examination revealed the body of a large monkey. For the first time In the history of Clark county there is a grasshopper plague. Many cornfields are being stripped, and the “hoppers” are also attacking trees. This, together with the continued terrible drought, which Is even killing forest trees, makes a bad outlook for farmers.

The government of India has been coml«ellod by law to purchase three copies of each new book issued iu the country, and It has been discovered that a practice has grown up of printing new' books simply for the sake of the sale of tiiew three copies. A change is about to be made iu the law, and hereafter the publishers will have to present the copies lo the government. The Austrian Count Aloys Karolyi, who recently died left a fortune of which produced uu iu<x,me ol nearly UOOaycar. lie owned an immense estate, over which he rsijnod as a rojular old fashioned tyr.:nu