The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-06-28
Congressman James's Plan for Compelling
England and Germany to Entertain Prop
ositions for Double Standard.
The Overshadowing Importance Of Bay
less Hanna's Argentine Mission.
Mr. Hedden Appointed Collector at New
York-Mr Burchard Suspended, and J.
B. Kmball Named for Mint Director.
A Solution Can Only BE Reached by Sus-
pension of Coinage.

pension of Coinage.
Special to the indianapolis Journal.
WASHINGTON. June 27.-Congressman Darwin
r. James, of Brooklyn, in common with other
members from New York, takes very great
interest in the silver coinage question. Mr..
James believes that it is the most important
subject that will come before Congress in its
relations to the commercial welfare of the Ma
ton.
'"The indications all point" said Mr.. James
to the Journal correspondent, ito great acces-
sions to the ranks of those opposed to continued
coinage Of the standard dollar, and 1 confidently
expect to gee marked change in the vote next
winter"
ITO what, in particular, do you lay this change
in sentiments"
Il think it is largely due to the awakening Of
the business men in the South to the folly of
continuing the coinage under the existing cir
cumstances. At the Atlanta commercial conven-
ton Mr.. Trenholm, representative Southern
| man, was not deluded by the promises of the
Colorado silver men to stand by the South. In
stead, he showed very forcby what effect the
enforced circulation of silver would have upon
the cotton industry and in that speech he set
forth very forcibly that, until other nations re-
monetized silver. the South would be the great
sufferer by its continued coinage"
"That speech to which you refer cannot, how
ever, have very wide effect, and it is doubtful
if many members of Congress, from whom your
support must come, will see it at all. How, then,
do you expect to derive benefits from speech
that has of necessity only very limited circula.
tionl"
AT recent meeting Of the New York Board
of Trade and Transportation committee was
appointed with authority to prepare copies Of
the speeches delivered before the Atlanta con-
vention The board will distribute thousands Of
copies where they will be likely to have an i'm
portant effect The resolution in favor of the
suspension Of the coinage Of the standard dol
lar was carried by good majority, and half the
votes for it came from the South. This ind-
Gates. think, that the Southern people are
alive to the situation, and that the cause of hon.
est money is gaining in strength where few
friends have been found before"
What is the ultimate object of suspending
the silver coinagel Do you aim at the elmina-
ton of silver from the coinage metals?"
ION the contrary, our object is the very re-
verse. We desire to secure the consent of Euro
pean nations to the reconciliation of silver In
other words as soon as the European powers
will agree upon uniform basis of coinage and
a ratio between silver and gold there will be no
trouble. 1t is because the owners of silver bull
lion will not see that we are pursuing foolish
and disastrous course in continuing to coin sill
yer that is not legal tender outside our own
country, that the present agitation is necessary.
II we cease coming standard dollars the price Of
silver will eventually drop, and then England
will be forced to listen to propositions for BIZ
metallic standard, in order to protect her East
Indian interests. Germany and France will, I
believe fall into line"
How about the Warner compromise scheme?"
'"There can be no compromise on any such
basis. The present rate of coinage must be sus-
pended. That is the only present solution to this
important question
what, in your estimation, are the chances
for the passage of an act suspending or repeal
ing the Bland law?"
II believe that with the Roadway the idea is
now making, such an act can be got through.
believe, too, that the administration is heartily
svmp athy with us in this respect, and thatwe
shall have the moral support of Samuel j. Til
dan