The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1885-09-25
rnE siLY Kn ou9srIoN.
General Warmers Compromise sehems-h
tarsAt taken 10 the Matter.

General wRrneI'S Compromise scheme-ln'
tarsHt taken !" the Matter.
Corrnpondsnct Of the IHteiit5aaeer.
WASHINGTON, b. O, Sept. 23.-lt Is be-
coming more and more evident that the
silver question will engross large portion
Of the lime Of Congress during its next
session. TIE proposition Of Mr.. Warner,
Of Ohio, is attracting good deal Of atten-
ton and seemingly favorable considera-
ton. This Is, that the Coinsge OF silver
dollars cease, but that the Treasury is still
to receive silver bullion and issue certia-
Gates therefor at the market value. This
is called "Compromise" with the anti
silver men. Let US see: IL requires TWO
lat least TO make q compromise, and a
compromise is yielding Of important
styRtegic points by each contestant that
Ihsy NAV unite their forces on common
gronnd. By Mr.. Warmers propositions,
%LSt do the silver men yield ?
They agree that the coinage Of
the silver dollar shall cease, but why coin
il if the coin cannot be put into clrcula,
ton? And the only reasOn they ever had
for wanting it coined was to open mar
hot for their bullion, and II the Treasury
ia still 10 receive and pay ior bullion, what
concern have they whether 1t is coined or
not? But further: under the Bland Act
there can be but 100000, coined per
month. which OF course limits the pur-
chases by the Government to that amount,
while under the Warner compromise"
all the bullion in the country can be stored
and must be paid for at once. What DO
the Government and the auti.silver men
gain BY this proposition? Nothing. What
do they yield? Every thing. The com
promise" would be the mos. complete
take in that was ever accomplished BY tue
most expert sharpers.
The silver men, foreseeing the reaction
the storm foreshadowed in my letter OF
the Dist, will make every effort to avert
the disaster, and il the Warner 'c0mpro-
mise could be effected 1t would certainly
be trump card for them; but It will not
be accepted; the Treasury will not be
turned into vast Bonded Warehouse Tor
storing the surplus merchandise oil the
country, nor the office Of Secretary changed
to that OF "Boss Store Keeper"
However, as this administration IS TO be
ono Of yetrenchment and "retorm," 1t is
question which might engage It's most ser
ious consideration, whether the Treasury
Department might not he made the great
central receptacle for all the surplus-not
only silver, but bonded goods Of the Coun-
trv. whiuky, tobacco, &c.-until such time
as they may be needed for home consump'
ton or export. This would relieve vast
number OF revenue officers scattered all
over the country and would thus be a saw
ing OF much larger amount than that in
The matter OF soap and towels. And as
this arrangement would require some ad-
ditional buildings here in Washington,
that OF itself would recommend it to Mr..
O'Neill, Of Missouri, and others OF his way
OF thinking, as the inauguration OF works
of public utility" which would enable the
Treasury to get rid Of some OF lis surplus
silver dollars.
There is much speculation as to the real
attitude OF the President and Secretary OF
the Treasury on this question. The pre-.
yailing opinion is that they are in full
sympathy with Wall street, which is
known to oppose tho hi-metal aud favor
the gold standard; and that the present
policy Of the Secretary in withdrawing the
one and two dollar notes and canceling
the silver certificates is to make the silver
dollar moro odious than it now is, by
making the people suffer for a circulating
medium OF small denominations while the
Treasury vaults are full Of a currency they
will not use. He may accomplish his pur-
pose, but the means used are certainly Of
very doubtful expectancy just at time
| when the country is suffering with de-
preston in all departments OF industry.
But II his action Is an honest effort to
force the silver from the Treasuryzinto
circulation, then his policy will certainly
fall very short Of the end to be attained; ;
for by forcing it out by one and two dol.
lars in place OF the small notes withheld,
he cancels the silver certificates received
at the Treasnry, rot in exchange for the
silver dollars they represent, but in the
ordinary course Of business, which is
simply equivalent to purchasing that
amount OF silver dollars only to retain
them in the vaults Of the Treasury. Thus
while forcing it out by the ones and twos
he is boarding by the thousands, and at
the same time contracting the circulating
medium to the same amount, while the
country is suffering from stagnation in
business and private capital ia locked up
in consequence of the uncertainty which
hangs over the administration OF public
affairs. This policy may accomplish the
purposes OF Wall street and the present
administration, but 1t certainly does not
suit the country very well just at this
time G.
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