f FHE OMAHA ILY BEE. ESTABLISHED JUNE 19 , 187 ] . OMAHA , FRIDAY MOlliS'ING , JUNE 30 , 1893. SINGLE COPY FIVE CENTS. SEVERAL PLANS SUGGESTED Delegates to the North and South Railroad Convention Preparing to Build. AtONZO WARDELL LED THE DISCUSSION tto Vropiiiiod nn iicctrlc : Mno nnil Wim S t Upuu .loci Hun ivm or the riiiu niut It * I'nmllil ltlc Tliu D.IJ-'H Work , LINCOLN , Juno 29. [ Special toTiir. HER. ] It was 0:30 : o'clock when Chairman Close called the north and south railway conven tion to onlcr. There wore n few novr faces on the Iloor. but the gallery was vacant. United States Senator Allen , ono of the delegates , offered the following resolution , which was unanimously adopted : Ilosoltod , Tluit wo hereby Invlto members of tlio press to address this convention on the mihjcct of transportation nnil , uiirticiilarly , on the subject of the construction of H north ami south railway , Judge Doster of Kansas , from the com- in It too on resolutions , offered the following , which were adopted , with only two or three dissenting votes. We , the delegates appointed by the gov ernors of our resnectlvo states of North 1m- Until , Houth Dakota , Minnesota. Iowa , No- lininka , Kansas , Texas anil Oklahoma Terri tory. assembled upon the Invitation of and In accordance with it resolution of tlio legislature of the state of Nebraska at Its recent mission. to consider tlio feasibility of a north and boulh tallway through our Htates , to liu owned and operated by tlio people of such states , and to extend from 11 point on the line of the Hrll- lnh possessions on the north la Ilio unit of Mexico on the south , do lioruby express our hearty and entlro approval of the jirojectof Mich stutu-owned anil Interstate railway , and < U > commend It to the favorublo consideration and action of the people of our lOspectlvo slates , \Vu are moved so to do by the considerations of tlio following character : The territory through which Buch road Is proposed Is an agricultural and stock-raisins region , thu richest In fertility ami tlio largest In extent on the glohu , tlio development of the icsources of which has harely hoKUii. Ilttnorto and at this tlmo tlio seaboard market for the productH or tills vast cmplro are tin ) distant portB of the Atlantic ocean , to reach which icqulrcs 1,500 miles of traiisnortatlon by r.ill , the charges for which ho nearly consume the entire value of the product as to leave no ade quate rowan ! either to tlio laborer who has pioduced It or the buyer who has .shipped It. Whurn the Oooil COIIICH In , So far as these charges are legitimate and fair to bo made , their burden can be materially luNsened by the sliortcnlni ; tlio distance to ocean market. Tlilsshortordlslntiec Is rained by reaching the ports of the Mexican gulf , and once theio the levelled illstanco by ocean routoto the Kioxvlnir markotsof the South American states and to others through 1 1 m Roon-to-lJO-completed Nicaragua canal and I'ananm ship railway , as null as to thnso of Kuropn , plucos tills favored region altmv-t In command of the wuihl's markets , so f.ir us the Not th American products are concerned. -Independently of considerations like these , a railway route , to bo owned ly ! the Iieoplo and operated for thu peoiilu Is an In dustrial necessity , and Is demanded , not only by the logic of current events , hut by the In telligent sentiment of the country. Neither Mate nor federal control of railways IIIIH proved ell'ectual. The railway companies will not bo controlled. There Is not ono In the land but Iscapltall/ed In fictitious mortgage bonils , watered clock far liuyond the cost of Its construction. Upon this falsa capltall/atloii rates , both of passenger travel and freight shipment , are hased , thus reiiulrlng the ucees- fdlous patrons of Its lines to pay interest on what was never loaned mid dividends upon what was never bought. Legislative control or control through legis latively created commissioners has wholly failed , largely because of the art ! decs and do- vlceHof the courts , by which the will of the people has been defeated , the most lecont of which Is the series of decisions by the supreme court of the United States to the ull'ect that the reasonableness of fiolght schedules and passenger rules Is n question not for the IcelHlatuies but fortho.courts. ' lleeauso of those and many other cogent reasons we demand that our rospctvo | states assume their prerogative of providing public highways for their people and join with each other In the constitution of this proposed In- tetstato north and south railway , and wo fur ther demand of the general government a grant of lands In aid of this people's mllway out of such remaining portion or the public domain axlloscontlgloiis to tlio proposed line , such UK IIIIH always been nccoided to private companies for like purposes for tlio mete ask ing of tlio same. I'lnn of u n.ikoliin. Alonzo WardcH , representing North Dakota , tlien presented n lengthy paper de tailing the history of the origin of the pres ent movement , engaging the attention of the convention and suggesting a plan for the construction and operation of a trunk line from the northern line of North Dakota to the Gulf of Mexico. His proposition is that tlio road should bo nn electrin road with power furnished by the artesian wells of the Dakotas and the rivers nnd tides of thu other states nnd the gulf. That It should begin at some eligible point on the Gulf of Mexico , running thence north through Texas , Indian Territory , Okla homa , Kansas , Nebraska. North and South Dakota to some point on the British Hue , with double track to some point in Kansas , eay Topcka , then separating with n line running through Missouri , Iowa and Minnesota seta to Duluth and such laterals as may b-.1 needed for the successful and satisfactory operation of the road. The charter should provide first that the railroad should remain forever the property f the people of the states through which it runs , never under any circumstances reverting to private or corporate ownership , providing that the United States government may at any tlmo purchase at par not to exceed actual neces sary o > st , the entlro plant to bo run as a government road. To nocu.ro means for the construction of the road ho would issue bonds and offer them to the cities , towns and counties on the proposed rnutcu as u safe anil desirable investment. The state of Toxim , with her vast school fund of fM.-IM.lKXl today , would gladly furnish all the money needed lu exchange for a forty-year r per cent bond. Tlio two D.ikotas could roadlly tnlco care o ( their quota. Nobr.isku , Kali ans , Minnesota mid Iowa all have large school funds that It Is believed they would Invest | ii such bonds , The bonds nro to bo ultimately liquidated from the earnings of the road. i\promed : Some Individual Iiloin. A lengthy discussion misuod as to the propriety of receiving the paper for dis cussion. Ono innmber characterized It as u chimerical scheme and said that an endorse ment of the plan proposed would subject tlio convention to rldiculo and derision , Another member saw In It a inoaiis of defrauding the states of their nuhool funds , A third thought it was not absolutely necessary to have the railroad at all , Ono man wanted the road built so that the shippers would have to pay for the road , Senator Allen suggested that the plan which ho understood had been considered by the committee bo recommitted for the purpose - pose of reducing It to u practical proposition , To an objection that had been miido that the constitutions of the ( .talcs would prohibit them building and operating a railroad , ho said that there was nothing in the constitu tion of the state of Nebraska nnd lie doubted In any other stuto which prevented u state from owning a r.Ulroad , U was the right of wnlnent domain lojgod In the sovereignty of. , V ? , 8tlttv ! 'I hero was not even n Judicial derision , nor authority In the con stitution of tinsuto or the United States to prevent a state building Und operating vorkBof public improvement. Ho consid ered thu jmpor read by Mr. Wnrdell as an essay nnd not un argument In favor of the construction of a line of railroad such as this convention proposed , Ho thought it best to rofnr it to the committee on resolu- tlons , with Instructions that they submit a plain , business proposition for the considera tion of the convention , and on motion It was so ordered. I'ropiiillluu from Texm. M thu nftnriioon session A. 0. Ed minis of the commltlco ou resolutions reported tlio fo owing us ii substitute for the plan bub- rolttr > d by A Wanted : d , That to iultlato co-operation be- .wcon the people of the different Mites and errllorles that a committee of tnrco from each Mnto nnd territory Interested ho np- liolntcd by this romontlon and Instructed to ako the necessary steps to disseminate nforiiuitlon upon this subject : secure funds from Interested localities for the making of preliminary surveys nnd to defray expenses Incident ( o the promotion of the enterprise with d.re'lions to call a con vention of the slates and territories Inter ested not later than January 1 , 18U4 , to llnnlly and fully formulate plans for the or- gnnl/atlon and execution of said enterprise. The basis of representation at such convoca tion to bo two delegates at largo for each stale and territory to bo appointed by the governor thereof , and two for each congressional dis trict In each state , and two from each terri tory to bo selected by the people thereof In dlstrlctconvontlnn to bo called by the com mitted from each M-atoand territory. Any va cancies In each delegation to be filled by tlio committee from that state or territory. This plan of proce.luro w.is adopted unani mously nnd the following was presented by Willis S. Hand of Kenrnoy. nnd ordered printed nnd referred to the committee , for the construction of thn railroad proposed : ritit Alltlio expjnso of the construction nnd equipment of mid railroad should bo raised bv taxation In naul states nnd terri tories , each Rtuto and territory to pay cost of construction and equipment of that part of the road within Its boundaries. Second State lionds should be issued for the purpose of providing the ready cash , said iHinds to run from Iho to twenty-live years at the option of tlio state , and to be paid by tuxes le\ led to meet them is they fall due. I Third Said railroad should bo constructed centrally norms said states. rourlh A Joint commission should ho ap pointed Hy this convention , conslstlngot three from each of said stales and territories , who should organ Ire by corporation or otherwise , for the purpose of pioinotlng such enterprise by tliedlssumlimtloii of Information and en- llsllng the co-operation of said states as above Indicated , and if possible to raise the miiney In advance of taxation to urocuro a prelimi nary survey of a loutu for said railroad to bo undo. Klftli Said Joint assoclitlon , when Incor porated without capital stock under tlio laws of the said several states , should as agents of Mild states ho vested with the tltlu to said railroad nnd all property and franchises con nected therewith , and should opci.ito tlio samu as agents of said states under regula tions to be prescribed by 'the legislatures thereof. The following plan was submitted by Charles K. Kdwards of Vclasco , Tos. : Let each Mate , Instead of leasing Its con victs to contractorsor , plantation owners , and thereby computing with free , honest labor , employ such convicts In the construction of such lntorntnto road. The rails and equip ment of such road to be paid for by money borrowed by the stuto from Its school fund , thereby securing an excellent Investment for such fund. 1/et the io.ul bo built from Velasco up the I Ira/os valley , through the central portions tions of each state and territory to the Canada line. In this way each state owns and oper ates the line traversing the territory wltliln Its boundaries , and action can be taken without the delay Incident upon the necessary change In state constitutions Ueforo bonds could bo Issued and tlio people taxed for this purpose. Commissioners Chosen. The following gentlemen were named as the committee in accordance with the pro visions of the preceding resolution : Nebraska Max Meyer of Omaha , C. C. McNlsh of WIsnor , and H. G. Stewart of Cr.iwford. Kansas Fr.ink Dawsterof Marion , D. E. Ballard of Uallurd Falls , and B. S. Hender son of Winfleld. North Dakota Lieutenant Governor Wal lace of Hope , A. Stotten of Wnhpcton , and Walter Aluir of Ilunter. South Dakota II. L. I > oucks of Huron , Lieutenant Governor Hcrreid of L'-ola , and A. N. Van Osdel of Ynnkton. Texas lu J. Siedgo of Kyle , C. A. Ed wards of Velasco , aud Harry Tracy of Dal las. las.Iowa Iowa Henry Wallace of DcsMoines , D.m- iel Cnmpbull of Mouona and H. D. Crawford of Ottumwa. Oklahoma Uobert McIJoynolds of Guth- rio. rio.At At 3:80 : o'clock the convention adjourned to afford the members opportunity to Uiko a ride about the city guided by the clti/.ens' committoo. Overturned the llegnlutlnna. It wis'0:30p. ( : m. before the members of the convention returned from tlio drive. Representative halhwas in darkness and the door locked. The delegates gathered in the room of the commissioner of public lauds and building. During the recess the mem bers scorned to have undergone a decided change of sentiment respecting the wisdom of the xvorlc of the afternoon. They thought tlioy saw n way by which the enemy , the friends of the railroad corporations , might cuter their ttwn camp through the method of election of delegates as proposed in the resolution adopted during tlio afternoon session. After long rambling discussion , on motion of Senator Allen , the entire preceding rcso lutlon was reconsidered , and on motion of W. T. Glnss of Kansas it was laid on table. Then attain , on motion of Senator Allen , the committees appointed by thciresclndcd resolution svoro continued "to have full power to act during the adjournment of the convention in gathering statistics , dissemi nating information , collecting funds , open ing headquarters and performing all duties contemplated in said resolution , excepting the selection of delegates , and that said com mittee organize immediately after the ad journment of the convention. " On motion of Senator Allen a resolution was adopted declaring all seats of delegates appointed to this convention not present vacant ; that the committees of the respec tive states named during the afternoon bo known as the executive committee , aud have the power of tilling the vacancies. Adoiirncd | to Meet lit ' { opckii. On motion of ex-Stato Senator Stewart of Nebraska it was determined that when this convention adjourned it bo to reconvene at Tupoka , Kan. , on the ilrst Tuesday in December , 1SU3. The chairman was authorl/cd to appoint an assistant secretary , resident at Topoka' . The question uroso as to how the funds should bo raised for printing the proceedings of the convention. Max Meyer spoke ol the generosity of Omaha In entertaining con ventions , printing their proceedings , etc. Ho wim tiuro Lincoln would not take a back seat. seat.A resolution was also adopted , making the clmirmnp and secretary of the convention similar oltlcers of the executive committee. The executive committee will meet to organ- Uu and consider the business with which It is charged at U o'clock In the morning , At 11 o'clock the convention adjourned to meet at the tlmo and pluco provided in resolutions , Blory of nn Originator. Mr , Joel dull of Minden , Not ) . , ono of the chlnf originators of the north and bouth railroad convention and the ono who has taken the most active interest In the project , has stated fully his views of the en terprise and the work that should engage thu attention of the convention. Mr. Hull says : "This convention grows out of agitation started some years ago to secure the openIng - Ing of 11 deep water harbor on the gulf coast. After three years labor this was commenced at Gulvcston and wo now feel confident that it U nn tisjurod success. Then the farmers learned its probable im- portiticc ) to thu agricultural interests of tlio transmisiilsslppi states and for a year past have been casting about to t > co what is necessary to secure a great north nnd south railroad from that port. Several men have pone over the route to oxamluothe feasibility of such a road , to bo constructed , owned and operated by a cor- iwration of imtivlduiils resident upon Its lino. Some have collected statistics of the annual exportation of products of the states through which the line was to b"b built , and others have informed themselves of thu cost of bitch a road. It U on'this information that wo must calculate the value to the agriculturists and the manufacturing in terests of these states , "Tho farmers now are agitating this ques tion solely for their gain , but It Is evident that If beneficial to any ono class It will re sult In benefit to all classes. 1 notice in the resolution passed by our late legislature that it Is to examine lute the practicability of the boverul states through which the road shall pass aud its feed- era or laterals extend. Constructing owning and operating the road. I know there nro grnvo doubts us to the wis > d"in of the states entering into such un undorlak- [ CONTINUED ox SUCOND WILL SUSPEND OPERATIONS Colorado Silver Mines and Smelten ID Bo Closed Down , ONE RESULT OF THE PRESENT CRISIS Mlna Otrncts Throughout the State Decide to Act Promptly and Concerted ! ) ' Th'jtlsamU of MoitVlll Ho Tliroirn Out of imiiloj-ment. : DnxvcH , Juno 20. A largo number of rep resentative smelting aud mining men of the state mot nt the Urowu Palace hotel this afternoon and unanimously desldod to com pletely close down all the smelters , mills and silver mines In Colorado. J. J. Hugcnmin of Colorado Springs , called the meeting to order and ex-Governor J. U. Grant of the Omaha and Grant smelter was elected chairman. On motion of Hon. D. 11. Moffatt , presi dent ot the First National bank of this city , and who Is also largely Interested in mines , the following committee on resolutions was appointed by the chair : J. J. Hagermnn , chairman ; D. H. Moltutt , D. H. C. Brown , M. W. Thatcher and A. M. flyman. The resolutions prepared by this commit tee and adopted by the meeting declare that the world cannot transact Its business with out the use of silver money ; that the actual cost mid value of the metal far exceeds the Incorrect views which the monometallists litivc formed ; that the inevitable course of events will quickly demonstrate that the enormous sums of money Invested in rail roads , loans and other properties will so de preciate in value that the monometallists will also bo convinced that some action must bo taken on silver to restore it to Its legiti mate use , which It has held from time im memorial. It was therefore resolved to com pletely close down all silver mines , mills and smelters in Colorado until such time as silver is appreciated nt its proper worth. Tills action will throw many thousands of persons out of employment. sn.\iit : AND roruLISTS. Secretary Herbert Tnlfu of Hotli These Dis turbing llcMiii : > nts In Politics. WASHINGTON- , Juno 'JO. Secretary of the Navy Herbert , who Is thoroughly familiar with the populist movement in the south , said today that ho thought that the popu lists wore not now making any progress in the country and that the teachings of those engaged in the agitation would not have any Itilluenco iu shaping the policy of the demo cratic party. "In Alabama , " he said , ' 'there is still con siderable activity among the populists growing out of local cause and local in its affect. The populists in that section claim that they were not given a fair opportunity In the last two democratic conventions ; they were not satisfied with the rulings , the or ganization of the convention nnd tlio like , and they are now fighting that over again. Indeed , a largo number of thos ; who oppose the regular organization in Alabama do not claim to bo populists , but still claim to bo democrats. This quarrel causes consider able disturbance , but it is entirely local and , in spite of this added interest , the movement appears to bo falling oft in Alabama and in other parts of tlio south. Their disintegra tion Is on the wane. " "Do you think the demand of the ropultsts and- these representing that general idea will strongly Influence the policy aud action of the democratic party ? " was asked. Could Well Siaro Them. "No ; on the contrary , " the secretary ro- pllcd , " 1 think that the clomeut which has been drawn off from the democratic party by the populist movement has loft the party organization through the south much more strongly in tlio control of the conservative element. These who advanced the unten able doctrines of the populists on the money question have formed themselves into a third party which democrats have to recog nize ns an antagonistic party. They cannot longer advocate their theories in the democratic councils , and , as a third party , they are strong enough to bo dangerous. That party organization which determines the nominations of democrats to congress and takes part in the making of presidential candidates and presidents will bo all the moro apt to adhere to sound democratic principles and stand by a sound financial policy. In other words , the loss of those who have gone Into the third party places the democratic organisa tion moro In harmony with the policy of the administration. It is this organization that our men In congress will have to rely on at homo fo ? their nomination and elec tion. " "What do you thinii of the present situa tion ns to bilvcri" On the Silver Situation. "I think that the stoppage of the free coinage of silver In India is the ( -greatest blow that has been given to the Sherman law and the free coinage of silver. The free coinage of silver in India has been pointed to ns an object lesson by the advocates of free coinage in this country. For years men in congress have drawn ono lesson and another from India looking nt It from differ ent points of view. It 1ms been urged upon the farmers that India hud un ndvnntaso over the United States la a higher price for wheat , because the currency in India was all silver , ignoring the fact that while they might get moro for their wheat in their own currency , the price in gold was no greater , and the commodities they bought with the money they got for their wheat had to bo paid for on a gold basis , and still further , overlooking the loss through high exchange. Another argument offered In support of free coinage in this country , but the converse of this , has been for years that the reason of the heavy cost of exchange between India and England was that It. was kept up by England for the benefit of merchants that they might sap the very life out of India. Now the coinage of silver is voluntarily stopped witli the eon- pent of India and It tumbles over both thesu arguments that ihe silver currency was n benefit to the farmers of India aud the ex change was on a system for the benefit of England. " "Uo you think the silver question presents serious danger to the demoL'r.itic party at this time ? " "I think wo have reached a crisis and that the party in ] > owcr will bo Judged by the wisdom It shows in giving thu nation n sound currency , " till.VKU MIM.S CI.OSi : . The Molllo dllHiin , the I. urgent Producer In Amurlrn , Hluiti DOMII , ABITN , Cole , , Juno " 'J , The famous Mollie Gibson mine , the greatest silver producer In America , closed last night on account of the drop in the price of silver. All the big properties are now closed and the little ones will close by the end of the woelf , HoibE , Idaho , Juno ' "J , Nearly all the Wood river silver mines have closed , oivini , ' to tlio fall in silver. SroUANB. Wash , , Juno SO. Koports from the Cojur d'Alcno country nro to the effect that the silver and lead mines are closing ou account of the drop lu the price of silver. A. II. Campbell , chief owner of the ( Jem mine , Is now hero and says that uot over half a dojsen silver and lead mines in the country will bo running ten days hence unless a radical change occurs. AilinUdou or MUX.CUII rillvcr. WASHINGTON , Juno ' . " 0. The collector of customs at Kl Paso , Tex. , has been in structed by Assistant Secretary Spauldlng to discontinue at once the practice of admit ting bulphidcs of silver from Mexico without u consular Invoice and , iu the future , not to admit silver bullion from Mexico exceeding J100 In value alleged to1 IKI Imported us ' money , unless accompanied by n consular Invoice , or a bond for the production of such Invoice , unless the bullion Is shown by n shipper's declaration , inn Jo before a consu lar ofllccr at the port of Shipment , to bo for warded ns money , Or n , medium of exchange , at a fixed value per ounce , and not as mer chandise , _ 4 | rNOI.AND'S IMISIT1OX , Pertinent Questions Ankoil tlin Government nil the Silver Qiiomlnn. lioxnotf , Juno 'X. Further inquiries were made In the House of Commons today re garding the effects of the action of the In dian government In stopping the free coinage of silver. In response to a question Mr. O. E. Kussoll , parliamentary secretary for the In- dliin ofllcc , said : "jj'clthcr the government of India nor the Hcrschcll committee ex pected compromises In India to bo materially altered under the new currency arrange ments. " Ut. Hon. Gcorgo J. Ooschonwho was chan cellor of the exchequer in thu last cabinet of Lord Salisbury.asked whether the Hcrschcll committee ) and tha government had been prepared for the great fall that had already occurred In the price of silver. "Would not , " hi ; inquired , "tho fall modify the views of the government and the committee ! " Mr. Knsscll said ho could not answer for the Herschcll committee. With regard to the government , howould , leave Mr. Ooscheu to form his own opinion. Mr. Gladstone said that the government had the impression that thcro was no likeli hood of any serious fall In the value of any products in India. If n fall should occur ho would readily state the vlows of the govern ment. Opinion of Mcmhera. Several members of Parliament , who speak with authority on money questsons , were interviewed this evening concerning tlio probable effect of India's now attitude toward silver. ' Sir William Houldsworth , the moving spirit in the bimetallic league , said that India's action in cloalnir her mints to the free coinage of silver Would eventually become so ditllcult that she would bo obliged to adopt bimetallism. In reply to a question concerning the immediate future of thu bul lion market Sir William said : "India's ac tion will produce n creat tightness of gold , which will cause a fall of silver , to what ex tent , I cannot say. " William Cainc , who has traveled much in India and has written a book concerning the country-ami its people , said ho was inclined to think the direct ettj'Ct of the Indian gov ernment's action wouM bo small lu India , as prices there were flxc.1l Vuostly by custom. Unless a panic shouhUcomo the majority of the natives would nuVcx know that there had been a change , r Samuel Montagu , libcital member of Par liament , head of the firm of Montagu & Co. , foreign bankers , thinks silver will hardly fall bolnw 80 pence. Ho could not see how it was possible for the Indian gov ernment to do otherwise than It had done. The silver market would recover slowly and touch a considerably higher point than the ono at which it no\v stood. Sir Richard Templo..ex-governor of Bom bay , said that the Indian plan was all wrong economically , 'ihogold standard ought to have been introduced" in India twenty-live years ago. However , the present experiment would prove harmless. D.idabhai Niaroji , the only Hindoo in the House of Commons , said that the Indian government had acted merely for the inter ests of -Anglo-Indian salaried officials and had unloaded further burdens upon the taxpayer. . / KMlMf AT I CAIAiY. U13SIKU. Colorado Will Not l'eP > { lHtoJIoirOlillcu - DcsvBHf Juue 20. Ajf& mooting of the Chamber of Coinmcrcq * ! * * a.v notice was taken of the reports teli'jral ! ta.oistyos'er- do > y to the effect that t'e people of Colorado would repudiate their C'-jllpntlons because of the damage done to thotitato 'v lie u" m the price of silver. Tlio followiUj ; rysolu- tions were unanimouslj adoptcd : " " Colorado Is tlio second11 gold producer In the union. Her agricultural Interests exceed her mining resources iind'her other natural riches a 10 moro varied than thnso of any other Mate east of her borders. Oier undeveloped re- boureos nowoll'er the in > st promUIng oppor tunity for the Investment of capital and the hoiuaof directors of tlrii Denver Clmmberof Comiucico and Boa n IS-of Trade de.slro to express their disapproval of the sentiment tolegiaphed the country over the iiaiuo of Mr. K. It. llolden on yesterday. While the mining ot silver ores Is un Im portant Industry to Colf.fiido , It H lint one of the elements of her pronVSrlty. Colorado will not sutl'er moro than otlnjr suites hy financial depression and her people will not repudiate ( hell-obligations , whether state , personal or municipal , and the sentiment ; , of the Holden dispatch are einphatlcal'y ' denied. UTAH riopi.K Aivi .uii > , i Mining Interests Plttilyr.cd : ; hy the Fall ol SlIV/T. SALT LAKU , Juno CO. [ Special Telegram to Tin : Unn. ] The great fall In the slh'cr mar ket has cast n gloom over Utah. The largest silver properties in the territory are closing down. The Alice , owned by Walker Bros. , will close down immediately. Among tno other mines to suspend at once are the Anchor , Crescent and the Woodsido at Park City , the North and Last Chance at Iling- hain , Silver King group t Park Citj nd the Swansea at Silver City. If silver remains - mains at the present figure thousands of i..Icors will bo thrown out of employment , SllViil : DltOPS HAItl ) . Iteaelios the r.nwent t'llcoA Kvor ItocoriluU nil the London Market. Nnw Yoiuc , Juno2il.i-'A break In bar silver In London of (1 ( cents ttauscil decided weak ness in railroad stocks Jioro this morning. Uoads carrying silver * nro were especially weak. Denver & Kio tuando preferred broke 4U to 8. " ) . Later on tnero was covering by the shorts. Silver Improved somewhat anil a rally occurred. Ulo Granda rose ljf. ! LONDON , .luno li'J , Stocks were oxcltod , Kupca paper fell to 00 and bar silver to : iUf peiwo , a decline of ! % pence since yesterday , _ _ Nnthlns : New In Iliu l.uoil Hltuntlon. "Tliera U nothing nowln the silver situa tion today , " said Mr , Jfush of the Omaha and Grant Smelting company , "except that it took another drop today , running down to IW cents an ounce. Silver has really fallen 7 cents slnco yesterday morning. " "Do you think thb.y bottom has been reached ? " "It seems quite probable that the price of silver has gone about iA kny as 1C will for some time at least. Still I may bo mistaken In that , but J Judgc'ifrorn the fact that specula tors are willing -today to take it at ( JO and run the risk of gi ttliiL' out on the right side within thirty daj-j that It will not fall much farther. Wlth > resard to our own business at the OmnUtt and Grant smelter thcro Is nothing thi.t I could add to tnat which I said yesterday ? ' Ilelitluui Ni/e IntorcoU'il. Hut'eBcw , Juuo 20-ptleplying to a question In the Chamber of ( Deputies today , M , ISeornuert , the president of the council , and minister of nimuco , stated that the tlmo wits ill-chosen to discuss tUo probable effects of Indian monetary quesCtons on the silver In terests of the nmioilrt forming the Latin union. Ho added that the International monetary confcrcnco would probably bo as- bcmbled In Urubn-ls bhbrtly , III. irk IlllU'Viiuriinuipiit , LEAH CITV , S. D. Juno 'J. [ Special to THE IlKi : . ] The niacJ * Hills Firemen's As sociation tournament * lakes place hero on July 4 , f > and 0. Two thousand seven hun dred dollars in prizes will bo offered , open only to bona lido firemen of the Uluclc Hills. Companies from Hot Springs , Kapid City , Deadwood , Spoarilsh and Central , besides two homo companies , are entered in the < ; 0s , A frefl-for-all foot race , 100 yjrds. will wind up the event ou tlio last day and some of the most piwusnent professionals in the country have seitt In their names to bo entered. TOOK LOAN CERTIFICATES New York Banks Sot an Example for the Rest of the Oountry , HOW THE MONEY MARKET WAS RELIEVED Good Itrmilts Follow Action l > r the Clear- Ins Homo l.onn Cotnmltlen-Sil.t.oOO- OOO In Ccrtlllciitn * ll'ts Already Ilcou Insurd Tlio Munition. NEW YORK , Juno SO. The r.stcs 'or money , which mounted skyward this morning , as much as 75 per cent being quoted In the forenoon , broke In nn unexpected manner about midday as the result of. the action of the clearing house loan committee , which , as has been pre viously pointed out , Is the same as the clearing house committee. The chairman of the house , G. G. Williams , president of the Chemical bank , Is an cx-ofllcio member of It , and Frederick D. Tappcn , president of the Gallatin National bank , Is the chairman of it Instead of 1C. H. Perkins , Jr. , president of the Importers and Traders National bank , Thii morning the committee , or rather n majority of It , In conjunction with Gcorgo F. Bauer , president of the First National bank , virtually formed a syndicate by agreeing to take out a lot of clearing house loan ccr- tlllratus for the purpose of putting a stop to the high rates for money nnd the panic that virtually existed In the money market. Some of the banks , the Uallatin and the Fourth National , for instance , had never taken out loan certifi cates before and they bad no need to do so now , except for the moral effect to bo pro duced thereby. By taking out certificates , though , it enables them to lend largo sums of money without entrenching upon the cash in their vaults. All of them have moro than the required lawful reserve of 'Jo uer cent of their deposits. Clearing Ilonso Cortlllcutcs Taken. As a result of the committee's delibera tions this morning an issue of(1,000.000 ( certlllcates was authori/cd , and all the members of the loan committee availed themselves of the opportunity , in proportion to their capital , ex cept the Chemical and Importers ami Traders National banks. The amounts thus taken were ns follows : Gallatin Na tional bank. $500,000 ; fourth National bank , § 1,000,000 ; Chase National , $1M)0,000 ) ; Corn Kxchango bank , > 00,000 ; First National bank , S'J.fiOO.OOO ; total , fO.000,000. Immediately after the issue of certificates was authorised , II. P. Frothlngham , repre senting some of the banks , lent , $ I,000OOJ on iho Stock exchange at one-eighth of 1 per cent nnd the interest rate immediately fell to 0 per cent , afterwards increasing to 1- per cent and then falling at 2 o'clock to y per cent. cent.Mr. Mr. Tappcn , president of the Gallatin , frankly admitted that his bank had taken out SoOO.OJO of loan certificates , but declined to state the names of th ? other banks that also cm- braced the opportunity. In accordance with the rule of the committee , however , ho said that the committee hud today authorized the issue of { 0,000,000 , of certificates , which mauo nlraut $1H,000.000 issued altogether. In ex planation of today's action , Mr. Tail- pen said : ' 'No money was to bo ou- taiucd this morning at any price , and jfen 'wini' ' ' s"rV > n.'fc3 it wUs tlmo something should bo' dona. This biuilc took out 2500,000 certificates , uot because wo needed them , hut to break up the high rate for money. Other hanks took out a largo amount , but you must get the names from them. Wo had .13 per cent reserve this morning , so wo did not need the certilicutcs , but by taking them out wo were enabled to lend $ iuO,000 without encroaching upon our cash. " Did Not Ncoil'tho Ccrtlflciktca. Mr. Simmons , president of tlio Fourth National bank , said : "This bank did not nccu the certificates or money , but it seemed to mo necessary that some action should betaken taken to give relief to the pressing demands of the merchants mid to stop this unreason able money panic. This morning our cash on hand and our call loans exceeded CO per cent of our deposits. " E. II. Perkins , jr. , president of the Im porters aud Traders National bank , said that the report was not true that ho had refused to take out certificates for his bank. "I do not know , " ho added , "whether wo shall take any out or not. Wo have plenty of money to lend without doing so , " Mr. Williams , president of the Chemical bank , declined to say whether his bank would or would not take out any certificates. It is believed in banking circles ihat both the Chemical and Importers and Traders banks will take out certificates this week. Some of the largest banks did so yesterday , but simply to accommodate their customers without entrenching upon the cash in their vaults. The stock market enjoyed a boom in prices as a result of the Clearing House committee's action , and the relief uas general. In Philadelphia ItanUliiff Circles. The condition of affairs in Philadelphia hanking circles in connection with their ac counts with tlio banks In this city , to which attention was culled in these dis patches a couple of days ago , is becoming moro marked. According to advices received from Philadelphia thl morning , Now York exchange in that city is at a premium of $5 for $1,000 or half a cent on the dollar. Soy- oral large banks In this city huvo largo bal ances owing to them by Philadelphia banks , and which tlio latter are unable to remit on ac count of their inability to procure Now York exchange ot currency. One bamr iu this city has fr.W.lKH ) tied up Iu that way ; an other 1ms $000,000 and another $ . ' 00UK ( ) , and the question is becoming a serious ono. Some of the banks huro have charged the sums owing by their Philadelphia customers for collection to the hitter's reserve accounts with thorn. This will muko It necessary for the P.hiludclphia banks to make their ac counts hero good in some way , If they have to draw on the other cities. But the banks have not done anything In thu matter but to use extreme caution In cash ing Philadelphia exchange from their cus tomers. Unless thu Philadelphia banks remit this week , It Is probahlo , according to some Now York bankers , that a discount will bo charKcd on all Philadelphia ex change received from dealers hero , Ono case Is Known wlicro a largo discount was charged for an account of § 100,000 but this was a special transaction. \Vlut Ono of that Clty'4 I'lnauclurs Ilai lu Siiy on tlio Situation , PiHi'AiiiiM'iiiA , Juno 21) ) , Six per cent was the rate for all demand loans today , nod owing to the scarcity of New York exchange , drafts on that city commanded a slight pre mium. Currency was also in great demand , and lu some canes a small premium was paid , The president of one of the leading banks licro was questioned this afternoon regurd- li.g thu published Btniomcnt that PhlladeU phia bunks were debtors to New York banks to a largo amount which they nra unable to remit ou account of their inability to procure Now York exchange or currency , "Thero Is nothing to say about It , " ho re plied. "Our bank is not in the swim. Wo do not ewe Now York 1 cent , but thcro U no doubt but that the Information Is true In the case of .soiio | of the banks. It la just n ques tion of how .long the present stringency Is gqlng to continue. The trouble U that the bunks tunnel got the currency. We have today three large pay rolls to meet , but wo have the currency to do it with ; but liow long it will last no body can toll. If the ueople , Instead of bringing their currency hero , lock it up In tin boxes , the supply wll I teen run out. There is no doubt that some of the bunks have offered pretty good money for exchange , but I think U is not policy to agitate the ques tion In the newspapers. It Is only calculated to make matters wor o. I hollovo , thoitch , that things will bo better nftor the Fourth , when the dividend nnd Interest payments will putn lot of now niom'V Into circulation. People will scare very foolishly and the banks have to make the best of it. " INdAl.l.S ( UVI > HIS VinU'M. Ho Tlilnki thu Country l an the llrlnk ot rittatirhil 1'nrll. Torr.KA , Juno ' "J. Kx-Scnator Ingalls , who spent n few hours In tlio city yesterday , thinks the country Is afctho brink of finan cial peril and only wisi statcsmanshlp will avert it. Asked the cause of the trouble , ho ald It was Incidentally a hick of i-onlUlcnco nmong the people and , primarily , scarcity of money and a largely increased detilor clusi. The action of India In demonetizing silver was unfortunate Just at this time. A res toration of conlldeuco would turn the tide , and thu free coinage of silver dollars , at more nearly the value of gold than the pres ent standard , would , In a measure , bring the country back to prosperity. Mr. Ingalls docs not subscribe to the re publican theory that the financial .stress Is duo to the accession of democrats to power. He says President Cleveland and his cab.net are running the finances of the country under laws passed by the republicans , and to shift the responsibility without n slnglo act of IcBlslallon by tins democratic congress is absurd. To his notion , President Cleve land is a republican to all intents and pur poses , save In his tariff Ideas , and , so far , ho lias shown hlnflSlf to bo a pretty good re publican on that question. Ill ItoMOII. BOSTON , Juno W. The strain on the financial situation bun today been severer than ever. Stocks were demoralized at the start and It looked for n tlmo as If the much dreaded panic was about , to bro.ik. The liquidation was extremely heavy , nnd under the pres sure prices tumbled badly. In Atchison and Union Pacific the lowest prices on record were scored. The former was down to 1'JJjJ and the latter ' % . The bunks were calling in loans ou all sides and some of the best houses in the street had to pay abnormally high rates to got through. The rates ad vanced from 10 to 14 per cent. AI.TUKLI ) XOf < ll.AHMii ) . Ha Purdoncd tlio AnarclilatH and Han No lYur of IMtlelHin , Cnic\ro , Juno W. [ Special Telegram to TUB BII : . ] Governor AHgold spent most of this afternoon In his Chicago ofllcc , where ho was seen by Tin : BEIS correspondent. "Governor , have you any reply to make to your critics relative to your action in par doning the anarchists ? " "All I have to say is lot thorn lire away ; I can stand It. I have done what I thought was right , nnd if my action was right it will stand in the judgment of the peoplo. If it was wrong let it lull. I do not think the people can bo convinced by abuses and vituperation such as some of tlio newspa pers have indulged in. It 19 a noticeable fact that my critics employ abuse , and in no case icason. They do not deny or explain the fact that the chief of police during the anarchist troubles , said that his investigation of the case led _ him to buliuvc that thcro was not much in it. They do not answer the fact bliown by the records that the man who throw the bomb gave no evidence in the trial , but said elsewhere that ho heard no speeches and had nothing to do with those convicted. I have not heard it denied that thu jurymen stated plainly that they could not gvvo the accused a fair nnd impartial trial. The people can sco these things. I do not fear abuse. " "How about the charge that the opinion you gave out in connection With the pardon savored of personal spite against certain per sons and authorities connected with the trial ? " "Ail that is pure nonsense. Such absurdi ties I will not dignify with a reply , Lot them , OHO and all , hammer away. I do not care a continental about it. " MllMH COir ll.lCK. Condition ! ) of u Oueur Content from the hoiitlmcut. GAJ.VESTOX , Juno ! i'J. [ Special Telegram to Tun Ben. ] A ' 11111011 cow race will start from the town of Tyler , in eastern Texas , the homo of Governor Hogg and the abiding place of numerous other Texas statesmen. Clydo Seeberg offers n purse of ? 5,000 for the winner nnd $1,000 for second place. All herds will bo allowed to enter , provided they are 4 years old or over. Applications will bo received until July 11) ) . Each person on entering a cow for tliornco will bo furnished a two-wheeled Big , set of cow harness , one churn , 100 pounds of meat , fifty pounds of bacon , ton pounds of coffee and cooking utensils with which to prepare their food. Drivers will also bo allowed to consume all the milk and butter they desire for their own personal wants cnroute. The cows are to bo driven twelve hours a day , allowing ono hour for dinner , and churning is to bo permitted while traveling or at stops. The cow arriving at tlio World's fair first with not less than flfty pounds of butter to her edit , made cnrouto , will receive first money. The cow having the largest amount of butter to her credit and arriving within ono week or less of the winner , will receive second money. Drivers are not allowed to walk , but must ride in the gltc provided for them. So far six entries have boon rnndo , and the start will bo made from the Tyler public square at 7 a. in , July " 5. UOHUl'M OJA VOItrUUte Lincoln Tlni"H do Through Trunk Itiiiidnlnli nnd Kcmiro a Iloll. LINCOLN , Juno 0. [ Kpcclal Telegram to THE Bi'.u. ] Frank Kuiidolph was robbed to night on the bottoms of nearly fll.OOO. IJun- dolph Is n farmer and a few weeks ago owned S10 acres of land near Utica in Howard county. Lately ho traded 100 acres of this land for property in Lincoln , receiving in addition XK ) In cush and several thousand dollars lu notes and securities. Since making tlio trudo Randolph has been In Lin coln looking for a favorable opportunity to invest. Ho was afraid to trust this money in uanics , and has been carrying it and tlio securities on hlu person since. Tonight at 11 o'clock ho notified the police that ho hurt been robbed at V i South Ninth street of nil his money and valuables , Ac cording to Randolph's story , ho wan thcro to look nt the property with a view to purchasing it. When ho entered thu house a negro woman blow out the lights anJ ho was act upon In tlio dark nnd robbed. Two men giving their names as Damrow and Perky , who were in thn place at the tlmo , were arrested and nourchcd , but as nothing was found upon them they wuro released. VutliiK Htrcnctli ol Hut I'orres in tlio .Voxt ( criimii I'lirll'iinnnt Not Yut Keliluil , [ Ciijii/rty/ifcd / tb'M li\i \ Jainea Gordon llcnmlt. ] BEHUK.JunoiiO. [ Now York Herald Cable Special to THE BKB.--A ] Polish deputy said that eleven Poles would vote against the bill and eight for It. If the tradition of the party Is followed all will vote against It. The frelsinnlgo organs confirm the Her ald's reckoning of IK'J votes against and 172 for the military till , Ttio National Xcltung calculates i)3 ! ' for mid ItU against , The Hum , burger Nachrlchten eays oven without the Poles there Is a majority against the bill , o Onmlut Tr.irullniMmi Dnid. KANSAS Crrir , Mo. , Juuo 20. The Times1 Llttlo Hock. Ark. , special says : James Luiigciihuu'un of Oiimhn.well known through out the country to the handlers of printers' materials , died hero lust night of typhoid fever , lie was to have been married hero In a few days and the shock of his death to his fiauco has been so severe that it Is feared her mind will become affected. The uody was shipped to Otnulm tonight , Arrangements Being Mntlo to Overthrow thj Qovornnicnt of Oosta Rica , LEADERS LOCATED IN NICARAGUA Kcimrls In I'mmmii Concrmlng n Sltnllnf Movrmcnt . \j- ln t Culm Hclitlng nt Illvorn IVrnUmAtliilrn-Other .South American Nowi. jsa ? dj ; JiunM fionlon PANAMA , Colombia , ( via Ualvcslon , Tex. ) , Juno i. y. [ Uy Mexican Cable to the Now York Herald Special to Tun Hci : . ] Gen eral Fcnllco Gutierrez , n Costa Klcan liberator - orator , has arrived hero from San Juan del Stir , having been refused permission tent laud nt Pimtii Arenas. In an Inter view General Gutierrez predicted nn early nnd , successful revolution In Costtv Klca against the Hodrlgucz Iglcsltts dictatorship. Ho will go direct to Nicara gua tomorrow nnd direct the revolutionary movement frou that republic. It Is proba- bio that the revolution will first break out In the province of Guanacnsto. If successful thcro the revolutionists will move toward the capital via Alajuela. Jose Marti has arrived hero from Now York and Is holding conferences with real * dent Cuban patriots. News by mall from Guayaquil gives details of the shooting of General Vnroa by General Scmlnarlo , the private secretary of General Plcrola , In that city on Juuo I4. ! ! . General Vareiv is n Peruvian. Ho came to Guayaquil last March while Plcrola was there , and. It was alleged at the time , It was his Intention to shoot the ex-dictator. Varoa nnd Semlua- rlo mot in Guayaquil. Varoa attacked. Seminurlo and attempted to cano him. Scmimirio shot Varoa In solf-dofouso aud was admitted to bail. 1'lglitliig In Ulvrra. VAU-AIIAISO , Chill ( via Gulveston. Tox. ) , Juno ! ! . [ By Mexican Cable to the lso\r York Herald Special to Tin : Urn : . ] The Herald's correspondent in lllvora telegraphs that General Snlgndo surprised the garrison at Carplntorio and captured the town after routing the Third Infdntry. G moral Saraiva is marching toward San UoJa. . His troops had an unimportant skir- inlsh yesterday with u small Castllhlsta force , It is said that the revolutionists nro preparing for a final campaign lu which the movements of their troops nro to bo di rected by two German army o. dicers , whoso services have been secured by the revolu tionary committee in Montevideo. Charges of disloyalty have been made against Wears by tlio oftlccrs of the Matte t Grosse squadron. A dispatch from the Herald correspondent in Buenos Ayres says that the troubles In the cabinet luivo resulted in Its reorganiza tion. In the reorganised cabinet Cauo takes the interior portfolio ; Qulrno Costa , foreign ; Garcia , education ; lialsa , war , temporarily , and Avolluncda > finance. The acceptance of ofllco by Qulrno Costa is regarded as an indication that his policy of friendship for Chili will bo curried out. Fusions of various political parties have been urranecd , but the condition of affairs Is still unsettled. 'The papers say the now "deal" Is a sort of revival of the old Judroz-Ccluiuns combination. . % " j * * r riiTlitii Aftiuis. LIMA , Peru ( \Ma Galvc , toa. Tex. ; , 'Ju. . * ! 20. [ By Mexican Cable to the Nutf Yfirk Herald Special to Tin : BUK. ] The govern- mcnt has returned to Mr. Van Barren the petition ho presented asking for a w'th- drawal of the line imposed upon the Peruvian foreign corporation. It was presented in the absence of Mr. Dawkins , the ' cpre. sentativo of the company , and wasrotumod because the government desires to deal with Mr. Dawkins personally. A celebrated case iu Peru has just been decided. It was the charge made against Uaclgalupl DockendorfT Taylor of poisoning Mrs. Lewis. Alter a trial which lasted three days the accused was acqulttod. A student named Albujar , who was imprisoned oy the government for writing articles for Juuda , the civil democratic organ , formerly edited by Dr. Barrigas , has been acquitted by the courts. After July 1 Dr. Barrigas will pub llsh a new paper which will bo called tha Censor. o - JOI1X JlKItltY ( SKTH J-'IJtfif .11O.VZJV. I'riiti'HtH AenliiHt the Patliflnilcr ii'iil I I'rnvo Uimviilllnc witli tlio Uiiininlttco. CHICAGO , Juno 20. ( Special Telegram to TmBiE. ] John Ilerry , who finished first la the cowboy rnco on his horse Poison , gets first prize for the race. The /committoo to day reached Its decision , and Berry , In splto of the protests airalnst him on the ground that ho was familiar with the route truv. orsod , will receive the $1,000 first prlzo. and an additional $500 from Colonel Cody. Major Burke Is also making arrangements to dis tribute a generous sum among all the con * tcstants. Fontaine and Tattro , officers of the Hu mane society , who followed the cowboy racers from Chadron , Neb. , to Chicago , hava niudo their report. They declare that the raca was run in n manner entirely satisfactory - factory to thu humanitarian purposes of tha society. The report concludes : A Htrlct supervision has boon carried on over HID condition of the animals from Mart to llnlsh , and the wonderful task accomplished hy the" ! Is , If anything , n tillmtu to the buiio- flclal results of such attention by Ilia associa tion as uull as a testimonial fo the dli-crollon of ( ho riders and llio piovlouu miiWHtlons of Messrs , Cody and K.illshury to thu contustanta < U THAIti IlUllIlKlt ( WtiH : II7JOJVO. IIU Dlmniil Attempt to Until Up u ltocl Idlnuil Tniln. AllKAtfSAS CmKan , , Juno DO , About 11 o'clock today a rough looking character boarded the northbound passenger train at Okl&homa City , cnrr.i lug a package wrapped iu paper. Just huforu arriving tit Ulackbeatf creek , lup wc'iit into the toilet room and in { 4 few momenta emerged with u murderous Winchester In his hand. Ho mot Conductor Al Glazier in the aisle and commanded him "Hands up. " Of course the command was promptly obeyed. His further plnasuro was asked by the suave conductor and ho leculvod in reply an order to stop thar train. Glazier again did as commanded ? The conductor wus then ordered t'j go to tha engine , which ho started to do , the train robber at his heels with the gun at his back. When they got on the ground thu butidlt made a fatal tnlslako by casting his eyes to ono sldo Instead of keeping them on the conductor. This was Glazier's golden opt portunity. With ono blow ho felled tha robber to the ground nnd then took the gun and beat him into submission. Ho was then' imt on the train and taken to Wichita , Ha had on his person two sticks of dyniunlt * and several torpcdos. Ills , iituuo and resi dence could not bo learned , AVHI Curry I't-niy In thu Nnrlli. NBW YUHK , Juno 20. The whaling vassal Falcon , whtchjms been engaged to take th second l'eary expedition to Greenland , ar rlvud hero today. After receiving on board additional supplies , she will sail ou Friday night. \ Thu party , which will start from this i > ort , Includes fifteen persons ; thirteen of tncsa belong" to * the expedition , two others dU- ombarklng at St , Johns , Besides Lieut tciinut Pcnry , thcro will bo Mrs. Peary anct her maid ; S. J. ICntrukcn of Wrstchoitor. Pa. ; K. A. Htrupo of Norway , Dr. KdvrarcJ Vincent of Springfield , III. : J. W , Davldiou of Auatlu , Minn. : H , B , Baldwin of Nftih. vlllo , Uoorgo II. Carr of Chicago , Hugh J , Sooof MurUion , Conn. : fluorgo it. Clark of Brooklluo. Mass , j F. W , Stakes of PUlUdcU phla and Peary's ' negro servant.