The new North-west. [volume] (Deer Lodge, Mont.) 1869-1897, 1885-09-11
The Administration Opposed to Silver

| NEW YORK, Sept. 3.-The Herald, which
has been quite distracted over the silver
question, In leader this morning declares
that ever since the magnificent city Of San
| Francisco rose on the site of the humble
Mission Of Dolores, and our continent was
traversed by Iron rails, England has known
that the time must come when London will
| cease to control the monetary exchanges of
mankind, and the financial centre of nations,
with the profits attached to 1t, will shift to
| our side Of the Atlantic. How soon 1t will
arrive depends on our own wisdom. Eng.
land Is vitality interested to postpone its
coming by encouraging us In our financial
follies, and Of all such follies the Bland act
Is the chief. She Is vitality interested to pre-.
cipitate financial crisis, TO the verge Of
which that act has brought US. As selfish
ness controls the policy OF nations we co not
blame England for cheering us on to submit
to our "silver kings" We visit our whole
blame on those "silver kings" and subser-
Went politicians. They have bribed, bullied
or caJoled for their INSCRIPTIONS willingness
to play into Englsnd's hands at the risk Of
our own ruin by making our treasury and
mint an artificial market for silver bullion.
New YORK, Sept. 3.-Secretary Manning
this afternoon met small party Of callers In
the Treasury building. The callers gath
cred the assurance from the interview with
Secretary Manning that the Administration
was unit In Its desire 10 abolish the silver
coinage law at the next session of Congress.
New YORK, Sept. 5.-The Tribune says
In all bis conversation at the sub Treasury
on Thursday, Secretary Manning expressed
the hope that Congress would repeal the sill
yer coinage act al the next session. He
feared long time would be spent in the
discussion Of the subject, but after that he
expected Congress would put an end to the
coinage. He said the present policy Of the
Treasury Department would be continued.
No small notes would be issued, and those
received In the course of business at the va
rious sub treasures would not again be paid
out. Silver dollars are to be used In pay
ments where less than five dollar notes are
required. The assistant treasurer at this
city received positive orders not to pay out
small notes. A recent freak of Treasurer
Jordan Is to order the assortment of $780,
600 of fractional silver according TO coin
dates. From reports and mint issues he has
intimated he might derive important infor-
nation about the circulation of fractional
silver. 1t Is supposed he has given similar
orders 70 the sub ire asuries. Under any
circumstances, persons familiar with the
movements Of fractional silver say tina. 1t is
impossible 10 form correct conclusions from
such data.
The Sun persists there is no reason 10 be-
lieve that the silver coinage law will be
suspended when Congress meets. Wise
men who take q dispassionate view of the
facts will adopt different belief altogether.
The Times, referring TO the reported COM
promise now being prepared, declares that
no policy will be tolerable which does not
provide for The absolute stoppage Of the COIN |
age OF legal tender silver dollars. There is
absolutely no need known or felt by bust |
ness men for any more currency Of any sort,
and none with full or partial legal tender |
quality should be forced upon them. |