The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1890-04-17
URGING SOME ACTION.
More Conferences With q View
to Agreement.
UNLIMITED FREE COINAGE.
he Qosstisa Arises - - the Redenp-
tiea - Certificates in Csin
or In Bullion.

WASHINGTON err. April i6-The Senate
and House Republican committees on the
SILVER question had . Joint session az two
hours yesterday. There we're very rad
Fai differences in the views of the senators
and the representatives disclosed. bur an
earnest purpose was shown to harmonize
the difference. IL possible. One OF the
chief points upon which the committees
could mo- agree is the proposed increase oil
the national bank circulation. Such a
proposition. il was said. could not secure q
majority in the House. Finally . sub
COMMITTEES Of five senators and Ave repre-
sensasives were appointed, who viii con-
tinue the work Of hunting for common
ground on which they can stand
b two sub-committees. consisting Of
Senators Aldrich, Allison. Jones, Sherman,
Teller and Representatives Bsyne, Bar
ton. Conger. Mckinley and McKenna, this
morning practically came TO an agreement,
although no formal action was taken.
The measure which found acceptance
deals with silver only. The two principal
provisions are: First. the secretary OF the
treasury Is directed to purchase monthly
100000 ounce of silver. Second, notes
issued therefor shall be redeemed in law
full money.
The COMMITTEES on the silver ques-
ton this morning heard the report Of the
subcommittee appointed TO confer with
the subcommittee Of the Senate Republi-
can committee. with Q view to coming to q
basis of agreement. The subcommittee
reported that it had been agreed the bill
should provide for the purchase Of 100000
ounces OF silver every month: certificates
issued in payment thereof 70 be redeem
able in lawful money. At first, il is said,
the members Of the committee we're in
ciined to adopt this basis. and voted to do
50. Afterwards. however, in discussing
the manner Of redeeming certificates q
sentiment developed in favor OF making
them redeemable in bullion. This propo-
sition was advocated by . majority Of the
committee, and the subcommittee was in
structed to again confer with the Senate
subcommittee and endeavor u induce
them to agree to provide for redemption
OF certificates in accordance with the views
OF the House committee.
. A member Of the Senate subcommittee
said, in conversation upon the subject,
that no such agreement IS that would be
recommended by his vote. He did not be-
lieve there were hve senator's who favored
redemption of certificates in bullion. The
senator said IL was expected that ct first
the cost of silver purchased would be less
than A,5O0.000 Q month, but that under
the operations of the bill the price will be
20 enhanced that In . short time the cost
of silver would probably snrpass that sum.
II il also expected, he said, for . time at
least. other silver than the product of
mines of the United States would be neces-
sary 10 make up the full mount Of the
monthly purchases.
Another senator said il was rapidly be-
coming manifest that an agreement must
be reached by the Republicans. or a propo-
sition would be made for unlimited free
coinage, and would pass both houses.