The Rock Island Argus. (Rock Island, Ill.) 1877-1885, 1885-09-19
light ON THE GROUND
A QUESTION THAT WILL MEET CON-
GRESS VERY PROMPTLY,
And Probably Enter Into the Organization
of the House-Warner Says Word
About His Solution of the Sill
YER Question.

WASHINGTON CITY, Sept 19-Congress-
man Warner arrived here Thursday morn
ing. He spent some time in conferences
with Treasurer Jordai., and the amend ments
proposed by the latter to the Warner bill
We're discussed. Respecting the provisions
of his bill, as well as the proposed modifica-
tions and the discussions between himself
ard Mr. Jordan, Gen. Warner is dis
posed to be reticent lie said however,
that he feels hopeful that com
promise bill can be presented which
will receive the assent of a ma Drity of con-
gress and the approval of the president. In
conversation with a correspondent Thurs
day night Gen. Warner said:
"The contest will be triangular one be
tween the Mono Metallsts, the parti>ans OF
the present coinage law, aud the friends OF
a compromi-e measure hks the one ] advo-
cate 1t is clear that if anything is effected
it must be in the nature OF comproml'e.
Any attempt 10 advocate thu policy advo-
Gated tn the prrsi lent and Secretary Manning
a few months ago, tina bare suspension Of
the silver coined and the practical de
monetIzatlon OF silver except the amount
already cuided, must re +u,t IN a disastrous
failure in congress | think the president
and Secretary Manniny will raalizs this
fact before the assembling of congress- if
Jhev have not already done so.
"My plan, believe, Offers the only
practical solution of the difficulty Ths eff
feet Of the measure if adopted, will be to
establish bimetalism on a sound basis The
| certificates issued will represent silver
bullion at it, true value as compared with
1
| bullioa from abroad for conversion into Ger
tiicates because they will be- basel upon
the market value OF bullion in London and
New York, which governs prices
everywhere woull not object to
giving the cer.ifirate, the full legal
tender quality, but in order to avoid
constitutional objections which would bs
raised against that. ! propose that they shall
| be legal tender for dues to aul from the
government, except IN cases where coin Is
expressly required; that they may cnnsti-
tute the lawful money reserve and redemp-
tion fund of national banks, and that the
secretary of the treasury shall have
the option TO redeem them either
with bullion or lawful money The bill
will provide necessary safeguards against
the bulling OF silver by the private holder
or Syndicates and the certificates of any
date will represent the market valus of the
bullion deposited at that date. They are e.
be redeemed at the market rate on the date
of redemption. By these means the trut
ratio of silver tn gold will always be main
tanned 1t will be actually an international
ratio established and easily understood.
"The bill will also provide for the rsdemp
tion and recoinage of the trade dollars and
for fixing the weight of silver half-dollar
at ons-half the weight of the standard sill
yer dollar. and increasing its legal tender
quality in Il corresponding degree"
Gen Warner expects to submit his view,
to the president and secretary of the treas
ury this week. While he declines to maxi
any statement of his impressions a
to what notifications his views have under
gone in the last six months it Is apparen
that lie regards the prospect of a compro
mise as excellent From other source
which are regarded as trustworthy, it
learned that Treasurer Jordan and severa
of his most influential advisers in New
York are strongly disposed to favor tn
Warner plan with some notifications.
Ii Is believe that the silver question viii
enter quite as largely into the organization
OF the house of representatives AS the tariff
as both the silver and the anti-silver fac
tions will want to control the committee o
coinage 1t i, conceded thai Carlisl
will lie speaker; in fact there will b
no candidate against him, but il h
shall refuse to place Bland, q
Missouri. at the head of the committee
where he has been for many years, it woul
be considered blow in the face Of tn
silver men and they will resent it. Mr.
Carlislss views on the question are know
to be moderate and not radical bu
whether he believes in the repeal of tn
coinage act is a question. Mr. Warne
will remain in Washington several day
doing missionary work.