Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1885-09-19
WARNER'S COMPROMISE.

A Sound Basis for Bimetaliism-What IL
Purpossd By His Plan-Treasurer Jordan
Favorable.
Especial to the New York Tribune.l
WASHINGTON, September l7.-Con-
gresham Warner arrived here this
morning. lie spent some time IN con-
ference with Treasurer Jordan, and the
amendments proposed by the latter to
the Warner bill were earnestly dis
cusssd. Respecting the provisions of
his bill, as we'll as of the proposed
notifications and the discussions
between himself and Mr.. Jor-
dan, General Warner is disposed
to be reticent. lie said, however,
that he feels hopeful that compromise
bill can be presented which will receive
the assent of a majority Of Congress
and the approval of the President. In
conversation with Tribune corre-
spondent tonight General Warner said :
" AS you suggest, the contest will be
atriangular one between the monometsl-
lists, the partisans of the present COIN
age law, and the friends of CON-
promise measure like the one | adyo-
cate. 1t is clear that if anything is
effected it must be in the nature Of a
compromise. Any attempt to adopt
the policy advocated by the President
and Secretary Manning a few months
ago-the bare suspension of the silver
coinage and the practical demonetiza-
ton of silver except of the amount al
ready coined-must result in disas
trous failure in Congress. | think thu
President and Secretary Manning vii
realize this fact before the assembling,
of Congress, if they have not already
done so.
my plan, ] believe, offers the onl,
practical solution of the difficulty. Tn,
effect Of the measure, if adopted, will
be to establish bimetallism on sounC
t basis. The certificates issued will rep
resent silver bullion at its true value a
5 compared with gold. There will be n
} influx of silver bullion from abroad 70
conversion into certificates. becaus
: they will be based upon the marke
b, value Of bullion in London and Ne,
;. York, which governs prices every
where else. would not object t
giving the certificates the full legal
tender quality, but in order t
avoid constitutional objections whic
i. would be raised against that propos
that they shall be legal tender for due
Y to and from the Government, except i
cases where coin is expressly required
/. that they may constitute the Lawful
money reserve and redemption fund {
, national banks, and that the Secretar
of the Treasury shall have the optic
to redeem them either with bullion o
Il lawful money. The bill will provid
necessary safeguards against the bull
Q ing of silver by private holders or syr
Q dicstes, and the certificates Of an
date will represent the market valu
{: Of the bullion deposited at that dat
r They are to be redeemed at the markt
D rate ON the date Of redemption. b
= those means the true ratio Of silver I
/ gold will always be maintained. 1t wi
be actually an international ratio estat
: lished and easily maintained by tn
United States. The bill will also pre-
/. vide for the redemption and rscoinaa
I Of the trade dollars, and for fixing th
I weight Of the silver half dollar at on
Z half the weight Of the standard silvs
: dollar, and increasing its legal-tende
/: quality in corresponding degree"
General Warner expects to subm
J his views to the President and Sscr'
: tary of the Treasury this week. Will
he declines to make any statement {
his impressions IS to what modi6cs
tons their views have undergone in th