New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-11-16
JOuN A STEWARDS EXPERIENCE.


JOHN A. STEWARDS EXPERIENCE.
John A. Stewart. one Of the members of the
committee said that the principal object Of his visit
was 10 secure protection for the funded bonds. He
was personally in favor OF the single standard but II
was evident that silver bill OF some kind would
pass and tho committee, he held, snouiu
seek TO secure the best possible bill. inc
points sought for" he continued, "were tha'
the funded bonds-thosc for which tho Government &C
tuallv received gold-should be paid in gold CON- ana
the issue 81 silver as legal tender should be hm'fu
This "a an that we reasonably expect under inc CIR
cumstances favored the substitution OF silver Tor tne
one and two dollar lecatcnders now outstindhg' III III
aborf $50 600 The country might use that amount very
readily This believe to be the Wow entertained by
President HAYES and Secretary Sherman such at least
fanny immersion MI Hayes is particularly anxious 10
protect tho funded bonds and such silver bill thnK
would be signed by him. and would wolk no particular
hardship
A. 70 the prosnect % the Bland Bill in tho Senate MT
Stewart said &c" do not think that the biI IN It's pres
on, shane can PASS the Senate and very much doubt
majority 81 The committee VIII report favorahy upon
senator Jones on the other hand, claims that he has
fortvfour votes IN the Senate in favor Of the House DILL
90 twenty-six against 70: hut Senators generally assert
that this g. more ucss-work. Senators Conknc kerh
md Ravard are decidedly opposed 70 the reconciliation
~ silver and will do all I'm their power 10 prevent the
passage " silver bin that does not protect the honor
and credit of the Government. Some Of the southern
Senators declare that they would vote for the House
bill unless 50 amended
Mr. Stewart was very severe in his criticism o. Ton
r-c.sren BANDS sncech I'm response 70 the arguments
submitted by the bankers. "Mr Morrill,, the chairman
he said ont Of courtesy invited Mr. Bland 10 respond
hut instead OF meeting the question he launched
forth into violent haranguc. saying; 1ou
bankers had better take my advice, and accept
my bill Tor warn you that unless this bin becomes
law we w m come 10 the next Congress, and as with
oufq all ou
g. many words that his hin meant initiation and openly
threatened the country with rcpudiation That speech
ought 20 De published and scattered an over the country
andit would prove a strong argument against the
reconciliation Of silver"
NJ Stewart does NOT believe that any silver bl viii be
ra.sea during the special session and he thinks that
when Congress n te regular session considers the mat
Ter more healthy sentiment win prevail. and hill
ciaflci n s provisions ami doing equal jus ice TO the
Government aud ifs creditors, VIII DE PASSED.
WINS OF :. D. BABCoCK.
:. u. Babcock stated last evening that when
the members o. the Ncw-York Committee arrived IN
Washington. and found how determined many iuhuou-
tial members OF both Houses 10 secure the re-
uonttzltion ~ silver their course became clcar
To only thing lcr for The Ncwlork and Pmadei-
p,1 merchants and bankers 10 do was to
secure modification Of tho House bill ana
possible 20 have tlc Issue Of silver COIN as l"sen-
Jc-rest1ct.d Tue south md West" ne said, care i'm
such condition That their representatives, feel that any
chrnre iu the currency laws must be Tor the bet
ter Tic West CLAIMS that it needs more money,
ana tr South imuoy rishcd, and the fear that re-
sruu,p of speri. payments viii create contraction I'm
vslucs causes such general neasness i'm those PARTS OF
tho country that the reconciliation Of silver is regarded
a. The only pathway 10 safety. II may Doe stated That
ree,urth- ~ the people OF the South and West are IN
favor ~ silver money. and they camor Tor Tie dollar OF
our fathers"
A.tot,c views Of Secretary sherman on the subject.
cha. sl.. I 1.tIt nam
snl was doubtless affected by The silver feeling He was
ousrotcu n DIS cp o-ition 10 The Bland measure, hat
undoubtedly favored b.netallic currency with
proper safeguards 10 protect tie funded bonds
"T would hc no serious objection 10 silver said
America would gree uuon fixed value Tor Fl in lropor-
tou 60 ld lut otherwise. with the House bin as tho
law 90 the land gold would soon leave Tie country
aud silver would become The single standard. President
lIaye. gave no. iunma'on in me conversation we haf
with him. Hs 20 the view when me eiJc'iancl' ana we
DID NOT expect lD 20 express any. lie listened 90 our
Representations rui assured u7 that when tlc bin came
before hm. hc would act for The best Interests OF the
Nr Bibcocl taus summed mp the result OF the com
i ~. s az b".f,ioi and from Nhat we felrI
aud -aa u s only reasonable 20 conclude that there is
vcry little probability az the Bland silver BIZ pass
ns ,oo. S 7 ,63o rTabahc ia. " no ycr bi cam
De passed duine the short period remaining
varta.oois as sforI, 9u oppoi uniy for bringing tlo
whole subject before both lIou,c with ample opportu.
miss IN ii discussion of tlc MAJ or on rs mcs u
forfcs aGiauf- 90 week. ae is expected. the bin
u1t Doe passed. aul mis- vi vo decided advantage for
Mr. Bsbcocs referred 10 ,lc snte made by Congress
man Bland. which Doe s'id was Do very bad taste ana
s.lt should Dr. rriuted 10 Sheet FORM With Dis photo
graph top and Dis AUTOGRAPH at the bottom. as ihe
best possible Euncu DOB opposition 10 Dis famous BILL
A. a. LOWS STATEMENT
A. 4. Low said that the committee was
Icd 10 believe that the Bland BID would pass the SEN
ate unless some ofits features removed or
the Ircsiient's views" said Mr. Low. eve were unable