New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-09-26

| 4 "COMFROMISE" THAT IS 4 CHEAT.
What purports to be the full text OF Con-
| gresham Warmers silver bill has now been
published. 1t fully sustains the criticisms
which The TRIBUNE has made upon Its
rcported features. The bill is not a cOmpro-
mise at all 1t provides for more reckless and
unlimited initiation than any other measure that
has been proposed for many years. II con
templates the issue of silver certificates on all
bullion deposited, which shall be receivable at
par for all dues To the United States, INCLUDING
the duties on imports. which by solemp enact
nent the Government has pledged ITS cIediior-
to OH ,ender between DanhS "nu =" 10 p''
n legaI ""' 49,. o,yina by the United States
meht oil ".' ga, ments in coin is expressly
AeSeGited." This provision raises once more
the question which all regulators have sought
opportunity TO raise. whether the payment of
certain classes of United States bonds IN gold
or it, equivalent cannot somehow be evaded.
Nor Is there any provision preventing the issue
of certificates against foreign bullion, for
though the act provides that bars made by
melting down foreign coins shall be excluded
fiom the provisions of the act,r every one
knows that ii is practically impossible to dis
tnguish such bullion. Moreover. ~ If this un-
limited imitation were not enough, the bill ex-
pressly provides that the silver certificates now
outstanding shall not be Withdrawn or retired,
but that new and unlimited batch of them
shall he issued, of one and two dollar notes in
denomination, which shall possess the same
money functions ~ the certificates now out
standing In addition il is also provided that
the trade dollar shall bo receivable for all dues
to the Government, and exchangeable for
standard dollars.
Of course the weak point OF the measure is
the attempt to regulate the issue of bullion GER
ti6cates to correspond with the gold value of |
bullion Mr.. Warner is a shrewd man. and il |
is very likely that he is well aware that this
provision of his bill would prove entirely IN
operative and worthless. But he finds that
there are some so-called hard money men who
are willing TO be duprd by it, and is there fore
wlilln3 to admit 1t in almost any shape. IL the
text published Is correct, he is willing to have
the bullion value OF silver ut the time certifi-
Gates are issued determined by the market price
Tor a month in New York, or by the market
price for day in New-York, or by the
market price for month or day
n London. About that nc is not par
ocular; the thing he wants is to get out un-
limited paper, practically redeemable only in
appreciated silver and therefore practically
1t is not possible to believe that the Ad. {
nlnlstraton will lend any countenance :
whatever to scheme 80 destructive as this.
md yet the exceeding anxiety manifested by
ONE supporters of the Administration, and
heir ardent efforts to convince the President
hat this scheme will not do, and is somehow
tile different from some other scheme which !
pparently he may have been led to favor
auses real and growing fear that the Admin Il
tration may be prepared to surrender even t
ore than anybody has appreh ended. n