Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-12-29
WASHINGTON.
NO DANGER OF LEGTsLArION ON
THE SILVER QUESTION.
Tho National Banks VIII, Not be Assaulted
ut This -Merrissn's Plan for
Tariff and Revenue Reform--Protest
Against ordway's Ee-Appointmant as
Governor of Dakota
Especial Telegram to the Globe. |

:
of Messrs. Bland & Buckner, of Missouri.
rs chairmen OF the committees en- coinage
and on banking and currency has received
more adverse criticism than any other
selections mado by MIR. Carlisle. But it
Is not believed that either of these com
mittees will undertake any legislation tAat
Will disturb the present condition Of
affairs. However much sentiment in the
east and some parts of the west may be in
favor OF stopping the coinage of silver
dollars, it is regarded as certain that it
would be no more practicable to induce this
congress TO take that step than it was with
the forty-seventh congress. The act author
izlng this coinage was passed by western
and southern votes and was mora section
al than party question. Since that date
these sections have gained'about thirty votes
IN congress by the reapportionment of
! representation, and it was recognized as
fact by the coinage committee OF the last
congress, as it will be by the present con-
gress, that no bill for stopping or curtail-
ing silver coinage could be passed. Meth
or party is willing to take the responsible
ity for attempting to stop the piling of
| cartwheel dollars in the vaults
of the treasury. The appoint
ment OF Mr.. Bland on a committee
In sympathy with the reported step, father
of the silver dollar, means that Mr.. Car
Isle and the Democratic leaders don't
want that question agitated this season,
and that w&s what Mr.. Kiefer meant when
he selected committee similar in compo-
sition two years ago. Conversations with
MIR. Bland leave the impression that he
does not expect to do anything important
this season, unless it may be to provide
for the retirement of the trade dollars.
Some members are in favor of
buying trade dollars on the market
and send them to the mint to be
recoined into standard dollars, the amount
of coinage to be deducted from the month
ly coinage of silver dollars. Mr.. Bland
is in favor of taking in the trade dollars
at face value by exchange for standard
dollars, and that the ledeemed trades shall
be treated rs bullion for recoinags in
standard dollars, not to ba counted as part
of the monthly coinage required by lew.
This, he thinks, would not greatly increase
the coinage. and the government would
derive sufficient profit by the exchange of
a dollar containing 412H grains for one
CT 420 grains.
THE NATIONAL BANKS,
Mr.. Buckner does not appear to have in
mind any aggressive legislation against
national banks. He says he is not OPP
posed to the national banks as banks of
discount and deposit, but regards their
note franchise as misohievous and vicious,
and not at all necessary to their existence.
In reply to some Of the criticisms upon
himself, Mr.. Buckner recalls the fact that
about two years ago he advocated in con-
gress the withdrawal of bank notes and
the substitution of an equal quantity
of treasury notes without legal tender
quality by forcing the banks to retire their
circulation, but as rapidly as they choose
to go out of business as banks of issue.
Since that date the Bankers Magazine OF
New York taxes editorially substantially
the same position as the most practicable
means of preventing anticipated contrac-
ton of the currency. Although he holds
this opinion still, and may introduce q bill
having that end in view, Mr.. Buckner dis
svows any intention of making war on
national banks, and in feet does not seem
to have much hope Of any important legis.
lation within the province of this commit
tee because the tariff and other grea.
questions are likely to monopolize the at
tention of congress this session.
MoRR1soN's TARIFF ELL.
A bill providing for revision of tariff
duties will be introduced in the house by
Mr.. Morrison soon after congress assem-
kles in January. He is not prepared to
say now what will be its general
features, except that it will be based
upon the bill reported by his committee in
the Forty fourth congress, but materially
reducing the rates proposed by them upon
some important articles, while in other
instances these rates will be increased
The change Of conditions since 1876 and
the partial revision made by tbs Forty
seventh congress will make this necessary,
or at least me st practicable. Pig iron, TO,
instance, was put at S. by Mr.. Morrison.
bill in the Forty fourth congress. The
tariff commission moved Sc "a
the proper rate, and the house
agreed TO that, but the
Republicans put it at $6.72 through the
devise of conference committee gotten
up in tho interest of Pennsylvania iron
manufacturers. Mr.. Morrison will pro-
badly fix the rate at Sc in the bill which
he is drafting, It is expected that there
will be material reduction on staple ar
ticles used in manufactures, especially OF
iron. The schedule Of wooden goods will
be resdjusted and further reduction on
raw wool will be necessary, notwithstand-
ing the protest of Ohio. Silk
having been considerably re-
duced last winter. will probably
remain uadisturbed. 1t is expected that
largely redussd rates on the lower grades
of cotton goods will be proposed, in &c
cordanse with the recommendations Of the
president and secretary of the treasury q
year ago. The latter expressed the spin-
ion then that the coarser
fabrics of cotton can compete
| -ikl hut Ron1bI;ocrc /.