New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-04-05
CONGRESSMAN SCOTT on SILVER.

uE rAvoRs HEROIC MEASURES TO SHOW THE
DANGER OF THE PRESENT LAW.
CONGRESSMAN W. l.. Scott, of Erie was in the
Fifth Avenue Hotel when a TRIBUNE reporter ASKED
him about the secretary ship OF the Treasury with when
his name has been connected.
Well he replied with a smile, am not gong 10 put
myself in the position of the fox with the grapes
New York politicians to think that MI Whitney
may be put in the Treasury Z" .,,,
r,oi 40 """ Ao' INC P0'''i'''
He is young vigorous and able. 1t would be good
selection. Mr. Manning has been remarkable secre-
tary. He has had obstacles TO overcome which have
been simply stnpcndous have known OF every step he
has taken and | say sincerely that he has been
good Secretary.
What is Congress going TO do with the nhancai quts
tong
we shall get vote it next Thurscay-on the free
coinage silver bill"
VIII it pass T.
ado not think there will be enough to pass H.
II would lose the the next House II 1t should
pass 1t would lose NewYork, New jersey and Con-
necteut ia lsss, and it ought to. The bill certainly
could not pass the senate. The trouble in the House Is
not perverseness, but ignorance Men do not under
stand the laws OF finance, and vote In utter
Ignorance ! have some respect for Bland, since
/ have come know him. He believes what
he advocates, and believes it thoroughly. But oar
trouble is that decide upon policy and then take
course exactly opposite TO that policy We nave Deeh
trying to bring about International DiinetasD, but we
can't do anything until stop the coinage OF silver
That is essential step see tast Cernusehi.
the French financial writer proposes that we snail send
$50 600 or so OF silver bullion TO London to he sold
for gold That is too severe remedy think. The
same would by merely stopping silver coin
age. Inside OF months We would see tile pre-
lminares arranged for International conference and
agreement. 1t is absurd to try to do anything now
thk there has mistake in the policy OF the Treas
ury. 1t wodld do for Inc to be Secretary OF the
Treasury IL they want things along they have
been. wonld have this thing settled one way or the
other inside OF two months.
How would you do that T.
believe as Grant did, that the proper way to get
the peope recognize bad law and DON and Its repeal
is to enforce IT, The secretary of the Treasury has this
whole thing in his own hands He has only to pay out
the silver empty the vaults and let tue people see now
1t works. is better TO take this severe step Cd
hundred millions OF silver than TO wait until we nave
four hundred millions II the silver men are risn IL
would DO harm to try it. l. they are wrong IS better
the ability 10 rerace our steps when we wcu not nave
If the gr,ater amount were coined These fellows VINO
to take up bonds would he surprised II the hundred
millions OF gold in the Treasury should All be tapped W
by the public preser ting gIeenbacks That s likely To
be done any time Every knows that our pres
cnt rourse only lead to one thing WHICH Is mcno,
ieeses are NOR ea tender there You let the
$4,000 900 OF silver in the Treasury lie paid ont
and the gold would come out too. in hurry the peo
would sent back the Treasury vaults by OF the
Gus ON Houses, Le,aase the people would have only
to part. the silver would legal tender The next
step wonld be the advertisement OF the Secretary OF the
Treasury the sale OF bonds at e cent to get III
to take up greenDacks presented lie u empowered
10 sell Amount OF $500 100000 at this rate OF IN
teres for this purpose by the Present Law. wonder II
these fellows who want the pcr cent bonds taken up
with the present gold reserve wouldn't howl then
wonder how long after such an advertisement they
would remain inactive. Why, the Secretary OF the
Treasury has only to exercise the powers now Ill his
hand 10 settle this whole question In short order We
don't want and It's coinage ought TO be- stopped
until W can bring about International binetalllsm II
we can't get stopped by moderation and consultation
10 stopped rbe other way. My owD opinion Is
that cancellation played out and that Steiner measuies
from the evils of silver mOnoDetaism."
Arc you going TO get a tarih billI'
Ono will be reported this week"
"Wil II pass
" II will pass the House.
How about the Senator ,.,,,
can't say about the Senate The principal thing In
tho bill is the free wool clause. Sugar 10 reduced
100000 and altogether about @25,0OOOOo reduction
Is made"