Savannah morning news. [volume] (Savannah) 1868-1887, 1885-07-30
The silver Question.

The question: that seenn 10 be receiving
the most attention from congressman Is
that which relates to silver. Senators
and Representatives have very little
/ doubtapp thatthey will be required
4 to act upon 1t next winter, and they are,
therefore, preparing themselves TO act in
! diligently.
Senator Butler, of South Carolina, dis
cusses the silver question in a communi-
cation published in Wednesdays Ne,cs
and Courier. He hopes that its import
ance is exaggerated, and presents figures
showing our exports and imports of gold
which lead him to think that there is not
so much danger that gold VIII be driven
out OF the country as has been repre-
scented. He says that he could never con-
sent 10 the decentralization Of silver, bat
that he has telt inclined 10 favor meas
urc giving the President authority to sus-
pend the coinage Of silver whenever, IN
his opinion, the interests OF the country
demand that it shall be suspended. This,
ne SAYS, would leave the control Of silver
coinage in the hands Of Congress, while
10 would give the Executive power to act
promptly should an emergency arise.
AT the last session OF Congress Mr..
Randall proposed Just what Senator
Butler now proposes, and his proposition
was defeated in the House. The opposi-
ton Of Southern Democrats was particu-
! larry strong. 1t is probable, however.
that the House next winter would accept
such proposition itlt should be offered.
I 4
sentiment with respect to silver coinage
since Congress adjourned. There is no
/ disposition that is worth noticing TO drive
silver out of circulation. The purpose OF
the great majority ofthose who are urging
a repeal of the compulsory silver coinage
act * 10 prevent silver from driving gold
out OF circulation. They believe that can
be done, only keeping the coinage Of
silver within certain limits. A brief sus-
pension Of silver coinage may be neces-
sary, but the majority of the opponents Of
silver do not urge permanent suspension.
Senator Butler SAYS that he is ready TO
admit it is very difficult TO determine
what is best to be done with respect to
silver, and that he is anxious for all the
light ne can get on the subject. Doubtless
there are many other Senators and Repre-
sentatives who feel about the matter
pretty much as he does.
Representative Warner, of Ohio, how
| ever, thinks ne knows what ought to be
done, and be is getting ready to give his
views to Congress as soon as that body
meets. He has about perfected his new
silver bill, the chief characteristic OF
which is to issue "silver certificates on
the deposit of silver bullion at It's market
price at the time of deposit, which shall
stand as the declared value of the certif
Gates while in the hands of the public.O
MIR. Warner says that Mr.. Carlisle and
Mr.. Randall think his scheme is a very
good one, but it may be that he hasn't
talked with them sufficiently to know
what they think. 1t may be that
they do not yet know what they
themselves think about it. 1t
seems, however, that Mr.. Warmers
scheme, when it was first suggested sew
eral weeks ago, did not strike the New
York bankers very faYorably. 1t may.
however, be greatly modified before it is
introduced into Congress. At first thought
it would appear as il it would only agra
Yate the evils now complained of.