Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1877-12-22

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Esu~stsens nasou<ses of Blzzsrs silver
hsl ~bs rMsa~ 20 w.sAssrs.a, IaSs IN.
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SILVER IN th5rty DAYS. hate no, thus far sur
rrrxled They have accomplished what
may be exE.liy satisfactory Io then:
they have ssopped the proves of refun4-
ing Their action caused temporary
suspension OF the sale of the 4 per cent.
bonds after the large subscriptions made
in this country last summer. This was
It's natural consequence and its effect was
about passing away. When congress met
the escerness Of the repudiationsts la re-
real the resumption act AMI to legislate
that ~ cents worth of silver should pay
a debt of a dollar caused a postpone.
ment of bond saies.' The market showed
little or no disposition to improve until
the publication of the Presidents message
and the report of the secretary Of the
treasury. Those two documents had SO
much of the true ring in them that their
effect upon the quoted value Of the per
cents was really remarkable. The price
of bonds Immediately went above par
and the secretary Of the treasury and
members of the syndicate began their
preparations for resuming sales. The re-
covcry was only temporary one. 1t had
not been supposed that advocates OF the
silver bill in the senate would be strong
enough to pass that measure over the
Presidents veto. but subsequent can
vass placed this matter in doubt, If it did
not indeed indicate that tw0-thirds of
that body would vote for the Bland bill,
with all Of its Objectionable features
This discovery had its immediate and le-
gitimate effect The 4 per cent. bonds at
once sank below par, and there they will
probably remain until congress has finally
disposed of tho subject. In the mean
time the U. $. government is paying per
cent interest ON many millions OF Its debt
which might have been refunded at 4 per
cent, except for the interference of the
silver men and advocates of the repeal Of
the resumption act. The loss to the gov
eminent by this unnecessary suspension
of the process Of refunding will be many
times greater than it is likely ever to Sc
cure by paying tho interest or principal OF
it's bonds in silver. II the members Of
congress through whose action this loss
has been sustained could by any means be
held pecuniarily responsible for it, they
might be brought to realization Of what
their duty really is in the premises; or II
their constituents were required through
direct taxation to mako good this loss to
the government, common sense ideas
would take the place of the insane flnan
cial theories which now prevail In SO
many parts Of the country.
A scheme to Provoke war.
NEW York, Dec. 15.-Thc Hcra!d's
Washington special says: The sub-com-
mittee OF tho house military affairs com
mittce continued their researches among
archives of the state department to day
and discovered, among other things that
in 1875 the United States had very mar
row escape from war with Mexico. The
committee believe that the evidence will
show that it was the deliberate purpose of
the administration of Grant, or at least
the president himself, to precipitate troub-
le upon the border. The gunboat Rio
Bravo, troops under Col Potter, and vol
untecr forces under Texan commanders,
were to begin the work. The latter force
was to crosslthe KiO Grande and burn Ger
tain property that was believed to be the
the Headquarters for COrtinas' force. The
gunboat and U. 8. infantry were to pro-
tect Texan invaders. The consul at Mat
amoris was duly informed Of tho place
and rs the Secretary Fish was not party
TO this plan hc ai once interposed
his officers. aud the commander Of the
Rio Bravo was instructed not TO carry out
the details OF the plan.
Csskiiax ssun Ahead.
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