Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1878-11-29
OBJECTION TO THE SILVER
ss DOLLAR.
Action Of New York Banks not
n Meeting with Favor.

SWAsHISGToS, November 27.-Many
frends of resumption question the pol
ny of the New York banks adhering to
8eir resolution in reference to the sill
Hr dollar. Such persons believe no Sc
rious results need be apprehended for
some time from silver, as the compare
lively small number of silver dollars
thus far issued can be taken care OF
Without any immediate danger to re-
sumption, inconvenience to the banks
OF detriment to general business. At a
future period, they say, such a resolu-
tipn might become necessary, but at this
time it is premature, and serves to
strengthen the prevalent prejudice
aSainst the banks. 1t is known that
al the interview between Secretary
Sherman, Treasurer Gilfillan and the re-
pfesentatives of the New York Clearing
House Association, the Secretary and
Treasurer advised against the PROPOSE
ton to refuse silver, except as 4 special
deposit to be repaid in kind, and those
two officials are now OutspOken against
the Treasury Department to the resolu-
ton of the New York banks, and the re-
fiisal of the banks Of Baltimore, Cincin-
nati and some other cities to adopt it,
encourages the advocates OF silver. Lead
me Treasury officers declare that in view
ofthe fact that there can be no plethora
0fsilver for some time to come, it would
bebetter for the New York banks to re-
scfnd their resolution, and thus remove
one cause OF opposition. The officers
allnded to believe that the same meas
ure OF protection contemplated by the
resolution could be secured by the
banks without formal action.
President and Secretary on Coinage.
WASHINGTON, November 27.-RepOrts
of,a disagreement between the Presi-
dent and Secretary Sherman, as to the
silver dollar, are not well founded.
They both agree, and will so state in
their respective addresses to Congress,
that the coinage should be restricted to
more reasonable limits than at present,
or that the weight OF the dollar should
be,increased. Upon this there is sub
stantial agreement. The difference Is
that Sherman favOrs prompt action by
Congress, while the President is willing
that matters should rock along in much
their present shape until the Congress
of 1879 assemblies. He thinks by that
time, with the coinage kept up at the
present rate, that the people will de-
mand OF Congress an abatement of the
nuisance.
The Tobacco Tax.
WAsHINGToN, November %. - Mr..
Bufwell, OF Richmond, Virginia, ar
rived here yesterday, and will remain
fori the session. He represents the
Southern Manufacturers Tobacco AS
soctation, and says that the Southern
dealers intend to have pass, il possible,
thet House bill, now with the Senate
Finance Committee, reducing the to-
bacso tax to IL cents. They hope, too,
that the Western dealers will unite in
theleffort. Mr.. Burwell claims that he
has letters from a majority Of the MEM
ber$ of the Senate Committee on FL
nar$e assuring him that the House bill
wilHbe favorably reported to the Senate.
Ths$~hisky men have as yet no repre-
sentatives here, and it is not thought
that they intend this winter to agitate
the question Of a reduced tax on spirits.
Report of the Secretary Of the Navy.
WASHINGTON, November 2S.-The
Secretary Of the Navy. in his annual
report, says that since his last report,
the condition of the navy has been
considerably improved. There are now
in commission twenty-e!ght cruisers,
one steamboat and five sailing vessels,
all in condition for active seevice, ex-
cept the Gettysburg. There are six ves-
sells, including one monitor, which can
he made ready for sea in few months.
Besides these, there are thirteen need
ing more extensive repairs, but all can
be put in thorough condition with the
present appropriations and those asked
for the newt gsca year. In case of ne
dessity, ninety-ane war vessels of all
classes, including monitors, can be put
in service.