Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1890-12-11
A RADICAL CHANGE.
The Government Considering I'm
portant Financial Measures.
FREE SILVER C.iiIACE FAVORED.
The stringsnsy of the Money Market to BE
Relieved By an Issue OF $3.50, 100000
In Greenbaeks-Enect or the Farm
ers' Movement


WASHINGTON, Dec. a.-President Har-
rison is for free coinage OF silver. DE
has committed himself to bimetallism-
his Administration will work to this
end as rapidly as safe hnanciering will
justify. Minister Reid has already re-
ceiVed his instructions to open negott-
atoms with the French Government for
an international monetary conference.
Minister Lincoln and Minister Phelps,
as soon as they reach London and Ber-
lin will lay before Great Britain and
Germany the propositions Of this Gov
eminent From Informal assurances al
ready received It Is believed that these
Powers especially France and Great
Britain, will join the United States in
arranging for the permanent remonetiza-
ton of silver. But the movement to-
ward the adoption of an international
agreement Of bimetsllism is only one
feature of the vigorous financial policy
which this Administration is about to
inaugurate. The President and the
true friends of silver are now working
together. Plans had not advanced far
enough to warrant an outline OF them
when the message was sent to Congress
That is the reason the Presl-
dent did not make definite sug-
gestions Conferences are now
being held daily. The financial meas
ures which the Administration pro-
posed to stand by are being drafted
with great care They are to be placed
before Congress at the earliest practical
BILE moment and then the new financial
policy of the Republican party will be
made known to the world This policy
can be summarized in Just two words.
The words are more money. The
President has declared himself for
more money" He IL satisfied that
the country needs It He is ready for
an aggressive policy. All he as KS Is
that the steps to be taken shall be t.Nor-
oughly considered, so that they my
not have to retraee them.
One step which the President is al
ready considering seriously tends di-
rectly toward free coinage Of silver.
The proposition is to buy at once the
surplus silver in the country. The
amount is about Il, 900 ounces 1t
is thought that if this surplus is out OF
the way the present silver law will con-
sumo the product as rapidly as it is
turned out Silver will 90 to 1919 or
near there, and remain fixed After
few months of this fixed valuation, BIZ
metallism will be a most natural step
1t is admitted by all that the silver law
hao cd
effect of the law has been to nnsettle
silver, and foreign exchange with it A
new field has been opened to speculation.
In fact, the silver law has done more
harm than good The fault the friends
of silver claim, il found in the exist
ence of this big surplus Of silver out
standing in the country. If thatsurplus
is bought in, and the policy OF free coin
age, as soon as it can be safely adopted,
is declared, it is argued that silver will
advance to 127 or Whereabouts, and re-
main steady. This is part Of what the
Administration now has in view. But
it is not all. A resolution inst-ucting
the Secretary of the Treasury to buy
in open market IA, 900, 900 or $4,000, 600
ounces of silver at not more
than par, will be only one OF
the propositions. The President has
been giving great deal OF thought OF
late to financial questions He has be-
come thoroughly convinced that the
country must have more money he
recognizes that the greatest of issues is
now at hand. and he is going to meet it
Republican Senators from the West are
surprised to find how much aroused Mr..
Harrison is upon this matter.
The President has analysed the farm
ers' movement and he sees the element
of Justice in it which cries out against
the contraction of the currency The
President has heard from the bankers
and business men. He has made up his
mind that the majority of the people
and of the business interests call for
more money, and he is ready to do
! what he can to commit the Re-
publican party to the policy of more
money. Free coinage is to be but
one of the means to the end OF an
expansion of the currency. Another
means may be the issue OF large
amount of legal tender notes The sum
| VI OOO, OOO udS OCCAA ouS6 OobON' @A-0
proposition is now under consideration
1t is admitted that the addition OF
silver will not be enough. Other plans
must be devised to increase the cur
rency, and the issue Of legal tender is
urged by some of the Republican lead
ers who are working out this
new line of policy. A few days
will see the details of the scheme
made public. And then the country
will have something to talk about big
ger than the Mckinley bill, the election
bill, reapportionment or the Democratic
Speakership. The President is very
anxious to see these financial measures
put through by the Republican Con-
gress. 1t is very sure that the fnan-
cial question is now the greatest of all
questions to this country. The daily
bank suspensions and business IA lures
only emphasize the necessity OF prompt
action
An Alleged Train Robbcr Caught
naN live Lob N