New-York tribune., 1885-09-18
WARMERS COMPROMISE.
A SOUND BASIS FOR BIMETALIsM.
WHAT Is PURPosED BY HIS PLAN-TREAsURER JoR-
DAN FAVORABLE.

WHAT is PURPosED by HIS PLAE-TREAsURER JoR-
DAN FAVORABLE.
WASHINGTON. Sept. II ISpeciaD
man Warner arrived here this morning. He spent some
time conference with Treasurer Jordan and the amend
ments proposed by the latter TO the Warner bill
were earnestly discussed Respecting tho provisions oil
his bill we'll Of the proposed notifications ana the
discussions between himself end Mr.. Jordan, General
Warner Is disposed to be roticent He said, however
that he feels hopeful that a compromise bill be pre-
seEted which will receive the assent OF q
majority OF Congress and tho approval OF
tho PRESIDENT In conversation with q
TRIBUNE correspondent tonight General Warner said
AS sou tho contest will DO triangular one
between the nonomotasts psrtIsans OF tho present
coinage law, and the friends OF compromise measure
like the advocate. 1t clear that f anything is
effected It must be in the nature of compromise. Any
attempt to adopt tho policy advocated
by tho President and Secretary Man
ming fow months ago-the bare suspension
OF tho silver coinage and the practical decentralization
OF silver except of the amount already conedmust re-
suit In disastrous failure in Congress. think the
President and Secretary Manning will realize this fact
before tho assepbago OF Congress- II they have not al
ready done so.
"My plan. believe, offers the only prac-
tlcal solution OF the difficulty. Tho effect
of the measure, IL adopted, Will be 60 establish
bimetasm n sound basis The certificates issued win
represen! silver bullion at Its true value "a compssod
ion from abroad for conversion into because
they Will DO based upoL tho market value OF bullion
In London aud New York. which prices every
where else would not object 10 giving the certih-
Gates tho full cgaltender quality but, In order 10
avoid constitutional objections which would be raised
against thnt propose that they shall be legal tender
for dues TO and from the Government. except
In cases whero coin IL expressly required,
that they may constitute tho lawful money
reserve and redemption fund National banks. and that
the Secretary OF the Treasury shall have tho option to
redeem them either with bullion or lawful money Tho
bill VIII provide necessary safeguards against the bull
iug OF silver by private holders syndcaes aud the
certificates OF any date will represent the market value
OF tho bullion deposited at that date. They
are 10 be redeemed at the market ratio on the date
TO gold Will always DO maintained. u will DO actually
an International ratio established and cay maintained
by the United States TITO bill Will also provide FOR the
redemption and recouage OF the trade dollars and for
hxng the weight OF the silver half dollar nt onehaf tho
weight OF the standard silver dollar, mud Increasing It's
leGa-teuder quality IN corresponding degree"
General Warner expects 10 submit his views TO the
President and Secretary OF the Treasury this week.
Nho he declines to make statement OF HIS imprcs
sions rs To what notifications their views have under
gone In the last six months Is apparent that General
warner regards the prospect OF compromise excel
lcLt
From other which regarded trustworthy
Is learned that rcasurer Jordan aud several OF hs
most Influential advisers New York strongly dis
posed to favor the Warner plan with some modfica-