Daily evening bulletin., 1885-09-19
General warner, Views.

WASHINGTON, sept W. W.-COngresslnan
Warner has arrived hero He spent some
time in conference with Treasurer Jordan,
and the amenlmonts proposed by the latter
to the Warner bill were earnestly discuss ID.
Respecting the provisions Of his bill, As wsll
as the proposed modification and the discus
sions between him self AMI Mr.. Jordan, Con.
Warner is disposed to be reticent. He said,
however, that be feels hopeful that a COM
promise bill can be- presented, which will re-
ceive the assent Of majority Of congress-
and the approval of the president. In con-
versation with a correspondent Gen. War
ner said
'The contest will be a triangular ons bs-
tween monemetalists, the partisans Of the
present coinage law, and the friends of a
compromise measure like the one / advo-
cate. 1t is clear that II anything is effected
it must be in the nature OF a compromise
Any attempt to adopt the policy advocated
by the president and Secretary Manning a
few months ago-the bare suspension Of tie
silver coinage and the practical demonetiza-
tion OF silver, except Of the amount already
coined-must result in a disastrous failure
IN congress. think the president and Sec
retary Manning will realize this fact before
the assemblage OF congress, II they have not
already done so. My plan, believe, offers
the only practical solution OF the difficulty.
The effsct OF tho MEASURE, If adopted,
will be to establish bi-mstalisn on a sound
basis. The certificates issued will represent
silver bullion at It's trus value az compared
with gold. There will be no influx OF silver
bullion from abroad for conversion into GER
tificates, because they will be basel upon
the market value of bullion in London and
New York, which governs prices everywhere
else. woull not object TO giving the cor
tificates the full legal tender quality, but, in
order to avoid constitutional objections
which would be raisei against that, pro-
pose that they shall be legal tender
FOR dues 10 and from the government,
except in cls,s where coin Is ex-
pressly required that they may
constitute the lawful money reserve
and redemption fund Of National
banks, and that the secretary OF the treas
ury 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 private hold
ers, Of syndlcates, and the certificates OF any
date viii represent the market value OF the
bullion deposited at that date. They are to
be redeemed at the market rate on the date
Of redemption. BY this means the true ratio
| OF silver to gold will always be maintained
II will bs actually an internal ratio estab-
bshed and easily understood. The bill will
also provide for the redemption and recoin-
age Of the trade dollars, and for fixing the
weight Of the silver half dollar at one-halt
the weight of the standard silver, and In
or easing its legal tender quality in CORE
sponding degree"
Gen. Warner expectsto submit his views
10 the president and secretary Of the treas
ary Immediately. While he declines to
make any statement Of his impressions as to
what notifications his. views have under
gone IN the last six months, II Is apparent
that Cen Warner regards the prospect OF a
compromise as excellent From other
sources which are regarded as Trustworthy,
1t is learned that Treasurer Jordan and sew
srai OF his most influential admirers In New
York are strongly disposed to favor th'
Warner plan with soms notifications.