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Newspaper
Butte Miner
Location
Butte, Montana, United States of America
Date
Jul 08, 1876
Page
2
The issue covers a broad update from Washington on fiscal matters including a new act for government expenditures, naval appropriations, and a notable debt reduction for the month. It notes proposed silver coin measures, delays on Territorial elections, and a legislative push to curb gubernatorial veto power in Arizona. It also mentions Indian Affairs supplies, post office rate adjustments, and public debate over immigration and Mongolian labor.
In Washington on July 2 a financial crisis emerged as the Treasury lacked a Secretary and Assistant Treasurer with no funds available for expenditure. Cameron cannot assume duties, Conant has acted for ten days, and the new appointee Gifillan has not received his commission, leaving no official authority to spend. The crisis is eased by a presidential amendment delaying Treasurer New's resignation until a successor is appointed and qualified.
Washington Nations Monument Society officers appeal to ministers and Sabbath school superintendents to collect tomorrow or a convenient day later for the monument fund. Send contribution notes to J. O. Bimith, treasurer, at Washington.
In a June 28 letter from Loxcow, Murad V fails to calm tensions as Servian threats loom. Turkish forces near the frontier rush troops to the Gosphorn front while government vows to crush rising unrest with stiff measures. Reports say embassies fear for officials and safety amid intensifying pressure from European powers.
Brief wires report on European financials and local fires, noting insurance on the Fall River linen mill at 423000 dollars after a Thursday blaze, plus rumors of Turkey ready for war and Prince Milan amid Servian Turkish troubles. Also mentions a murder case and a crash near Hernando Lake with casualties while a London bullion note appears.
The report shows gold coin bids between 112 and 123 with a 112 price noted. Silver bullion falls to 1104 per ounce with a 24 cent drop, while San Francisco quotes 14 percent discount. Copper sales reach about 200000 pounds, some as low as 194e, and copper prices weaken from 79 to 0 amid limited business. Australian prices slide to 82 from 84.10. QuickSilver weak demand continues. San Francisco June 13 market note cites liberal mine prices and rising stockpiles with exporters delaying.
General mining notes from Colorado describe Brown Creek near Cascade with extensive water damage washing away dumps and shaft buildings. crews work to reopen the mine while several other mines like Melissa Aladdin Shrush and Decmupose show steady ore output, with values ranging from 60 to 70 dollars per ton and significant silver and lead content amid a busy camp.
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