, 1875-01-05

Special D,spa:ch to The Ch,cHgo Tribune.
WASHINGTON, D. c., inn. 4.-Tho question Of
u CAUCUS Of House Republicans upon tho Flnance
bill has boon muel discussed to-day. Tho Rep-
roscntutiycs arc nos united upon tho subject.
Speaker Blaine is represented as being opposed
to CAUCUS. 1t is stated that, in eaBe tho bill il
opened for o1tended debate i'll the House, Will
ian D. Kelley, Dcu Butler. aud Judge Lawrence
intend to attack it,
spEctE-rAYrEsr MADE EASY.
Dr. r. II. Lin1ermnn, Director OF tho Mint, Is
Of The opinion that it will not DO difficult to sub
stitue Bilver coin for fractional currency under
tho new Finance bill. IIe bnsos his opinion
upon tho present condition Of tho siyer narket
md the mint facilities. Tho following is Al ab-
btract OF Lin views on the subject:
Ths condition Of the silver market is such will
lb1e tho Government to obtain enough silver bullion
tesms than at any tie before. the stock OF German
17er coins ia Estimated At sJs goo. This rensns
lndsposed Of, and would douutesa teek favorable
parRet sinco the aenanl for RlFer in Europp and
india Is quite limited. Tho recent discoveries in tho
conssoci iods In Nevada Indicate TINT the production
'f silver bullion III the United States for the next five
5ears x!ll be much greater than for tho past
Ave. No ammunition il to Ia expected III
.na of s
United 5tatcs guarantee supply largely III excess Of
any demand for coins II would appear that the
United states can BE- obtained without any Increase
over The present prices The price IN London is SIKH
EeI QuACes 4nn bFll4eu slau@h1A IN 9A.o uuep ur
3l.l2 o10 in United States currency, against 6l1 In
1867 depreciation Of over Per cent. Tbs rrcoin New
York Is about 5l1ak per ounce United states stand.
ard dollar fms or on the pnc!ae Coast, about $l.12.
Taking tbs New York pf3ce Of bullion, the value Of tho
dollar In subsidiary coinH Ia 20 4-lO0 cents. The
value Of the greenback dollar with gold ut 112, Is
10 Lilo cents, 1920 less than the dollatin SUBJ
edlary syer coin II tho event Of the passage Of the
pending bill, It woul! te necessary 10 prepare stock
Of }0Uo QUO TO STA 600 of silver coin before
1cucnx to nnstitute It for fractional currency. The
rltnt ut San Franciaeo and the mint at Carson
woui be nils to supply the hiiestaaipIt Valley,
Fill! Ito + ilulerkia Mint tie Atlantic statca- Tic
s;ns to tl.a depositories IN tho Mississippi
nu: t:'o rxpart yalen OF silver coin would need
+, atlT:s'e fron to Per cent above the value OF
j,A -esld!a 10 warran! tho shipment Of thess cona
T. .it~ FORK fer export. Tbs probable demands for
r:ls It, i:prue IL N Important fact III colller-
iu. the rlee, of tho iieressod production Of tho
II 1us'ir. Gr.rt Dttlin, France, Belgium, s~itzsr
~ Il. t!iv Scandinavian states, aud the Netherlands
wu'l supplied with silver coin. Russia, Australia,
a.l iaill sve All 1nconvortitla Iapor currency md
rsd Little silver for coinage purposes. It IL prob
ntls tnat thu German surplus stock will be sufficient
rorcan countries for silver Tor coinage
lr.ye tic rrodnet tho united IT. - and Mexico 10
H1lry fnlia mud China. II tho fit rtHan Government
GRADUALLY dtspnEcR Of its accumulated STOCK. The
pics Of silver during the coming summer will pfoba
b!S be iower than tyr many ytars. II tue go pre-
MUM Ii kept below no. and tho present price OF sil.
ltombIity II will not 10 dthcnt to 1nanxjn tile cir
claon If tilver coins an II geld SHOULD adsaneo to
III it IL certain tat silver wdeuteeIats enough to
still maintain silver etrculatou.